 |
K2 Discovery Zone 2007
Drilling at the K2 Discovery Zone |
The Company has received assays on the first hole of the Company's nine hole summer/fall 2007 drill program at the K2-IOCG discovery at Contact Lake, NT. This follows eight holes which were completed during The Company's 2006 drill program. Drill hole K2-07-11 intersected several large copper-bearing zones, including a wide zone of 60.20 meters of 0.37% copper. The latest results from the K2 discovery confirm the initial drill results whereby the Company announced that it had discovered a new zone of hydrothermal and structurally controlled poly-metallic breccias that are enriched in copper and locally in gold, silver and cobalt. The K2-IOCG target is located on the Contact Lake property, on the south side of Echo Bay. All eight drill holes from the 2006 drill program (NR December 14, 2006, January 17, 2007) intersected multiple zones of altered and highly mineralized breccias with disseminated and vein hosted copper, gold, silver and cobalt sulphide mineralization.
Highlights from significant mineralized down hole intervals from the new hole reporting, include:
- K2-07-11 intersected 60.20 meters of 0.37% copper including 3.10 meters of 0.93% copper. Other mineralized zones in this drill hole includes 13.14 meters of 0.30% copper including 1.50 meters of 0.60% copper, 0.12% zinc and 12 g/ton silver. Other zones of 24.70 meters of 0.27% copper and 30.23 meters of 0.17% copper were intersected in this drill hole.
The K2-IOCG target area is a target area in which drilling encountered significant IOCG style poly-metallic copper, gold, silver and cobalt mineralization. The mineralized zone is part of a regionally extensive linear zone of phyllic, potassic, hematite and magnetite, magnetite-actinolite alteration zones, often appearing at surface as phyllic-potassic gossans. The mineralization occurs within the same suite of volcano-plutonic rocks that host other poly-metallic zones in the Eldorado & Contact lake mineral belt, including the former El Bonanza Silver-Uranium (U-Ag) and the Eldorado Uranium (U-Ag- Cu- Co- Ni- Bi) mines.
The accompanying table gives a summary of drilling highlights and assay results returned from hole K2-07-11 at the K2-IOCG Target Discovery Zone at Contact Lake, NT.
Assay highlights from the 2008 drilling program at K-2 area:
Drill Hole |
From |
To |
Interval |
Cu |
Zn |
Co |
Ag |
Au |
V 2O 5 |
|
(m) |
(m) |
(m) |
(%) |
(%) |
(%) |
(g/ton) |
(g/ton) |
(%) |
K2-08-20 |
4.00 |
215.00 |
211.00 |
- |
- |
- |
- |
- |
0.028 |
28.00 |
29.50 |
1.50 |
0.113 |
0.013 |
0.007 |
0.60 |
- |
0.031 |
57.00 |
58.30 |
1.30 |
0.140 |
0.026 |
0.011 |
1.00 |
- |
0.032 |
66.50 |
68.65 |
2.15 |
0.186 |
0.015 |
0.003 |
0.41 |
- |
0.026 |
73.50 |
83.00 |
9.50 |
0.141 |
0.017 |
0.004 |
0.49 |
- |
0.032 |
93.15 |
96.00 |
2.85 |
0.149 |
0.014 |
0.003 |
0.56 |
- |
0.032 |
178.00 |
181.00 |
3.00 |
0.214 |
0.010 |
0.010 |
0.70 |
- |
0.023 |
184.00 |
185.50 |
1.50 |
0.185 |
0.007 |
0.013 |
0.40 |
- |
0.022 |
236.50 |
245.50 |
9.00 |
0.139 |
0.006 |
0.003 |
0.48 |
- |
0.013 |
250.00 |
263.50 |
13.50 |
- |
- |
- |
- |
- |
0.026 |
272.50 |
274.00 |
1.50 |
0.168 |
0.009 |
0.006 |
0.30 |
- |
0.021 |
277.50 |
279.00 |
1.50 |
0.142 |
0.005 |
0.005 |
0.30 |
- |
0.014 |
283.50 |
285.36 |
1.86 |
0.216 |
0.008 |
0.004 |
0.70 |
1 |
0.014 |
|
|
|
Drill Hole |
From |
To |
Interval |
Cu |
Zn |
Co |
Ag |
V 2O 5 |
|
|
(m) |
(m) |
(m) |
(%) |
(%) |
(%) |
(g/ton) |
(%) |
K2-08-21 |
6.00 |
9.00 |
3.00 |
0.393 |
0.016 |
0.003 |
1.10 |
0.028 |
|
15.00 |
16.50 |
1.50 |
0.110 |
0.010 |
0.007 |
0.20 |
0.012 |
|
46.50 |
48.00 |
1.50 |
0.002 |
0.005 |
0.012 |
0.10 |
0.015 |
|
91.00 |
92.50 |
1.50 |
0.001 |
0.016 |
0.019 |
0.10 |
0.023 |
|
91.00 |
95.50 |
4.50 |
0.001 |
0.013 |
0.009 |
- |
0.025 |
|
105.50 |
137.00 |
31.50 |
0.002 |
0.012 |
0.003 |
- |
0.027 |
|
148.00 |
157.00 |
9.00 |
0.001 |
0.011 |
0.003 |
- |
0.028 |
|
Drill Hole |
From |
To |
Interval |
Cu |
Pb |
Zn |
Ag |
Co |
|
(m) |
(m) |
(m) |
(%) |
(%) |
(%) |
(g/ton) |
(%) |
K2-08-22 |
16.90 |
18.40 |
1.50 |
0.154 |
0.001 |
0.011 |
0.2 |
0.003 |
40.50 |
43.40 |
2.90 |
0.141 |
0.001 |
0.008 |
0.3 |
0.009 |
44.50 |
46.00 |
1.50 |
0.124 |
0.001 |
0.013 |
0.3 |
0.005 |
51.50 |
66.00 |
14.50 |
0.227 |
0.001 |
0.013 |
0.9 |
0.004 |
72.00 |
73.50 |
1.50 |
0.165 |
0.002 |
0.014 |
0.8 |
0.007 |
85.20 |
87.50 |
2.30 |
0.148 |
0.001 |
0.012 |
0.7 |
0.016 |
100.50 |
101.50 |
1.00 |
0.058 |
0.002 |
0.014 |
0.7 |
0.025 |
129.50 |
130.50 |
1.00 |
0.350 |
0.002 |
0.018 |
1.1 |
0.034 |
132.35 |
133.70 |
1.35 |
0.147 |
0.003 |
0.018 |
2.9 |
0.148 |
137.70 |
139.20 |
1.50 |
0.221 |
0.003 |
0.018 |
1.0 |
0.057 |
126.00 |
141.00 |
15.00 |
0.075 |
0.002 |
0.013 |
1.1 |
0.044 |
145.00 |
146.50 |
1.50 |
0.100 |
0.002 |
0.012 |
0.4 |
0.015 |
155.50 |
157.00 |
1.50 |
0.134 |
0.001 |
0.019 |
0.7 |
0.033 |
167.50 |
174.00 |
6.50 |
0.024 |
0.002 |
0.014 |
1.4 |
0.031 |
180.00 |
181.50 |
1.50 |
0.016 |
0.002 |
0.010 |
0.8 |
0.048 |
193.50 |
195.50 |
2.00 |
0.186 |
0.002 |
0.020 |
1.0 |
0.016 |
233.00 |
234.50 |
1.50 |
0.175 |
0.006 |
0.068 |
1.7 |
0.007 |
250.00 |
250.50 |
0.50 |
0.201 |
0.004 |
0.081 |
0.7 |
0.003 |
258.30 |
259.80 |
1.50 |
0.018 |
0.025 |
0.294 |
0.3 |
0.004 |
263.00 |
264.50 |
1.50 |
0.028 |
0.068 |
0.237 |
1.3 |
0.004 |
272.00 |
273.50 |
1.50 |
0.034 |
0.009 |
0.208 |
0.6 |
0.004 |
290.00 |
293.00 |
3.00 |
0.205 |
0.003 |
0.038 |
2.0 |
0.007 |
294.00 |
295.10 |
1.10 |
0.140 |
0.003 |
0.041 |
1.6 |
0.012 |
309.50 |
311.00 |
1.50 |
0.342 |
0.003 |
0.032 |
1.4 |
0.016 |
K2-08-20 had an azimuth of 215 and an Inclination of 45 degrees. K2-08-21 had an azimuth of 215 and an inclination of 85 degrees. K2-08-22 had an azimuth of 225 and an inclination of 45 degrees.
K2-IOCG Discovery Zone -Drill Summary (Hole - #11)
-------------------------------------------------
DRILL HOLE RESULTS
-------------------------------------------------------------------------
Copper Lead Zinc Silver
Drill From To Length Cu Pb Zn Ag
Hole (m) (m) (m) % % % g/ton
-------------------------------------------------------------------------
17.55 19.55 2.00 0.22 0.00 0.01 0.8
-------------------------------------------------------------
91.40 92.30 0.90 0.12 0.00 0.01 1.0
-------------------------------------------------------------
191.00 251.20 60.20 0.37 0.00 0.01 0.9
-------------------------------------------------------------
208.40 211.50 3.10 0.93 0.00 0.01 2.2
-------------------------------------------------------------
233.20 234.70 1.50 1.07 0.00 0.01 1.6
-------------------------------------------------------------
279.70 281.20 1.50 0.14 0.00 0.01 0.2
-------------------------------------------------------------
293.20 294.70 1.50 0.15 0.00 0.00 0.6
-------------------------------------------------------------
327.70 336.70 9.00 0.16 0.00 0.01 0.7
-------------------------------------------------------------
341.20 342.85 1.65 0.28 0.00 0.01 4.1
-------------------------------------------------------------
345.85 348.85 3.00 0.22 0.00 0.01 3.6
-------------------------------------------------------------
353.50 358.00 4.50 0.11 0.00 0.01 1.4
-------------------------------------------------------------
353.50 354.00 0.50 0.29 0.00 0.01 1.3
-------------------------------------------------------------
371.50 384.64 13.14 0.30 0.02 0.04 6.5
-------------------------------------------------------------
381.64 383.14 1.50 0.60 0.07 0.12 12.0
-------------------------------------------------------------
K2-07-11 389.14 390.64 1.50 0.10 0.00 0.02 1.1
-------------------------------------------------------------
395.45 399.95 4.50 0.23 0.00 0.03 2.9
-------------------------------------------------------------
402.00 426.70 24.70 0.27 0.01 0.04 4.2
-------------------------------------------------------------
432.70 434.20 1.50 0.13 0.01 0.03 1.1
-------------------------------------------------------------
440.20 443.20 3.00 0.14 0.00 0.04 1.3
-------------------------------------------------------------
447.70 452.20 4.50 0.22 0.02 0.12 1.6
-------------------------------------------------------------
465.70 495.93 30.23 0.17 0.01 0.02 0.7
-------------------------------------------------------------
473.43 474.93 1.50 0.73 0.01 0.01 1.9
-------------------------------------------------------------
513.93 515.43 1.50 0.13 0.01 0.01 0.9
-------------------------------------------------------------
522.93 542.94 20.01 0.14 0.00 0.01 0.8
-------------------------------------------------------------
592.85 594.35 1.50 0.18 0.00 0.01 1.3
-------------------------------------------------------------
598.85 607.00 8.15 0.14 0.00 0.00 1.1
-------------------------------------------------------------
613.00 622.00 9.00 0.11 0.00 0.01 0.7
-------------------------------------------------------------
628.00 629.50 1.50 0.13 0.00 0.01 1.4
-------------------------------------------------------------
633.00 634.60 1.60 0.11 0.00 0.00 5.7
The accompanying table gives a summary of drilling highlights and assay results returned from holes K2-07-12 and K2-07-13 at the K2-IOCG Target Discovery Zone at Contact Lake, NT.
K2-IOCG Discovery Zone - Drill Summary (Holes - #12-#13)
---------------------------------------------------------------------
DRILL HOLE RESULTS
---------------------------------------------------------------------
Depth Copper Silver Vanadium
From To Interval Cu Ag V2O5
Drill Hole (m) (m) (m) (%) (g/ton) (%)
---------------------------------------------------------------------
K2-07-12 3.50 5.00 1.50 0.20 0.2 0.01
---------------------------------------------------------
6.50 12.50 6.00 0.17 0.6 0.02
---------------------------------------------------------
24.35 37.00 12.65 0.20 1.4 0.02
---------------------------------------------------------
38.50 40.00 1.50 0.19 0.3 0.01
---------------------------------------------------------
44.50 49.00 4.50 0.23 0.3 0.02
---------------------------------------------------------
71.00 72.00 1.00 0.12 0.4 0.02
---------------------------------------------------------
73.50 116.00 42.50 0.32 1.3 0.02
---------------------------------------------------------
138.50 145.50 7.00 0.26 1.3 0.02
---------------------------------------------------------
150.60 154.53 3.93 0.17 0.6 0.02
---------------------------------------------------------
171.00 264.00 93.00 0.35 3.7 0.02
---------------------------------------------------------
251.90 253.25 1.35 1.45 7.0 0.02
---------------------------------------------------------
265.50 271.75 6.25 0.23 5.7 0.01
---------------------------------------------------------
274.50 276.00 1.50 0.17 3.5 0.04
---------------------------------------------------------
278.30 279.20 0.90 0.13 6.1 0.03
---------------------------------------------------------
285.03 288.00 2.97 0.13 27.3 0.06
---------------------------------------------------------
285.03 285.80 0.77 0.19 69.00 0.09
---------------------------------------------------------
298.45 298.95 0.50 0.02 1.4 0.32
---------------------------------------------------------
314.00 315.15 1.15 0.10 1.8 0.16
---------------------------------------------------------
319.00 327.90 8.90 0.18 4.0 0.05
---------------------------------------------------------
331.50 333.00 1.50 0.18 0.9 0.02
---------------------------------------------------------
342.00 346.55 4.55 0.12 5.6 0.13
---------------------------------------------------------
342.00 376.50 34.50 0.05 1.3 0.22
---------------------------------------------------------
354.00 357.00 3.00 0.03 0.6 0.43
---------------------------------------------------------
382.98 427.50 44.52 0.33 1.3 0.04
---------------------------------------------------------
456.70 468.45 11.75 0.13 3.1 0.01
---------------------------------------------------------
514.40 522.00 7.60 0.18 0.4 0.02
---------------------------------------------------------
526.50 527.20 0.70 0.64 0.4 0.03
---------------------------------------------------------
536.35 537.50 1.15 0.18 0.7 0.02
---------------------------------------------------------------------
----------------------------------------------------------
Depth Copper Silver
From To Interval Cu Ag
Drill Hole (m) (m) (m) (%) (g/ton)
----------------------------------------------------------
K2-07-13 21.00 57.70 36.70 1.11 1.8
----------------------------------------------
31.00 31.90 0.90 5.45 5.7
----------------------------------------------
34.60 39.80 5.20 1.31 1.1
----------------------------------------------
45.80 53.20 7.40 2.96 4.7
----------------------------------------------
62.20 65.20 3.00 0.45 0.7
----------------------------------------------
66.70 68.20 1.50 0.23 0.3
----------------------------------------------
74.20 75.70 1.50 0.11 0.2
----------------------------------------------
77.20 78.70 1.50 0.12 0.3
----------------------------------------------
83.20 87.70 4.50 0.20 0.5
----------------------------------------------
116.20 117.70 1.50 0.10 1.7
----------------------------------------------
128.20 129.70 1.50 0.37 0.5
----------------------------------------------
156.70 158.20 1.50 0.15 0.3
----------------------------------------------
212.20 212.70 0.50 0.44 0.7
----------------------------------------------------------
Highlights from significant mineralized down hole intervals from the new holes reporting, include:
- K2-07-16 intersected 1.5 meters of 1,467 g/ton silver and 0.32% copper.
- K2-07-18 intersected 5.5 meters of 0.143% copper as well as 1.5 meters of 0.134% cobalt.
- K2-07-19 intersected 0.3 meters of 0.93% copper as well as 1.5 meters of 0.25% copper and another interval of 1.0 meter of 0.23% copper.
The accompanying table gives a summary of drilling highlights and assay results.
K2- IOCG Discovery Zone -Drill Summary
|
|
|
|
Copper |
Zinc |
Silver |
Cobalt |
Gold |
Vanadium |
|
From |
To |
Interval |
Cu |
Zn |
Ag |
Co |
Au |
V2O5 |
Drill Hole |
(m) |
(m) |
(m) |
(%) |
(%) |
(g/ton) |
(%) |
(g/ton) |
(%) |
K2-07-14 |
12.95 |
14.95 |
2.00 |
0.198 |
0.012 |
0.85 |
0.002 |
- |
0.035 |
39.50 |
80.00 |
40.50 |
0.361 |
0.022 |
2.83 |
0.016 |
- |
0.025 |
41.00 |
46.00 |
5.00 |
0.459 |
0.027 |
8.09 |
0.066 |
2.61 |
0.036 |
58.00 |
59.00 |
1.00 |
1.757 |
0.020 |
5.50 |
0.081 |
2.50 |
0.017 |
121.50 |
133.50 |
12.00 |
0.287 |
0.057 |
1.61 |
0.011 |
0.19 |
0.027 |
140.00 |
173.00 |
33.00 |
0.223 |
0.020 |
1.17 |
0.013 |
- |
0.024 |
185.00 |
188.00 |
3.00 |
0.095 |
0.013 |
1.45 |
0.037 |
- |
0.025 |
201.50 |
203.00 |
1.50 |
0.013 |
0.020 |
1.00 |
0.029 |
- |
0.027 |
206.00 |
207.50 |
1.50 |
0.023 |
0.015 |
0.70 |
0.055 |
- |
0.027 |
210.50 |
213.50 |
3.00 |
0.119 |
0.019 |
0.75 |
0.015 |
- |
0.027 |
215.00 |
216.50 |
1.50 |
0.044 |
0.019 |
1.50 |
0.046 |
- |
0.030 |
222.50 |
224.00 |
1.50 |
0.042 |
0.017 |
1.00 |
0.021 |
- |
0.024 |
245.00 |
248.00 |
3.00 |
0.029 |
0.012 |
0.50 |
0.023 |
- |
0.026 |
254.00 |
264.50 |
10.50 |
0.214 |
0.008 |
0.56 |
0.008 |
- |
0.024 |
270.50 |
272.00 |
1.50 |
0.186 |
0.009 |
0.30 |
0.004 |
- |
0.027 |
303.50 |
306.50 |
3.00 |
0.299 |
0.017 |
1.05 |
0.003 |
- |
0.024 |
309.50 |
311.00 |
1.50 |
0.245 |
0.019 |
0.80 |
0.006 |
- |
0.025 |
323.00 |
326.00 |
3.00 |
0.359 |
0.011 |
1.45 |
0.012 |
- |
0.024 |
329.00 |
332.00 |
3.00 |
0.139 |
0.017 |
0.60 |
0.008 |
- |
0.026 |
335.00 |
336.50 |
1.50 |
0.141 |
0.017 |
0.60 |
0.004 |
- |
0.030 |
339.50 |
376.00 |
36.50 |
0.340 |
0.020 |
1.36 |
0.004 |
- |
0.018 |
351.90 |
358.00 |
6.10 |
1.053 |
0.015 |
3.96 |
0.009 |
4.50 |
0.014 |
351.90 |
353.50 |
1.60 |
2.210 |
0.025 |
6.00 |
0.005 |
0.2 |
0.014 |
370.00 |
376.00 |
6.00 |
0.32 |
0.03 |
1.23 |
0.003 |
- |
0.027 |
385.00 |
386.50 |
1.50 |
0.117 |
0.014 |
1.70 |
0.003 |
- |
0.015 |
397.00 |
398.50 |
1.50 |
0.106 |
0.013 |
1.10 |
0.003 |
- |
0.015 |
|
|
|
|
Copper |
Zinc |
Silver |
Cobalt |
Vanadium |
|
From |
To |
Interval |
Cu |
Zn |
Ag |
Co |
V2O5 |
Drill Hole |
(m) |
(m) |
(m) |
(%) |
(%) |
(g/ton) |
(%) |
(%) |
K2-07-15 |
63.50 |
68.00 |
4.50 |
0.023 |
0.019 |
0.2 |
- |
0.077 |
74.50 |
76.00 |
1.50 |
0.020 |
0.023 |
0.4 |
- |
0.059 |
122.00 |
123.50 |
1.50 |
0.008 |
0.016 |
0.1 |
0.021 |
0.026 |
167.50 |
170.50 |
3.00 |
0.158 |
0.130 |
3.6 |
0.012 |
0.031 |
172.00 |
173.50 |
1.50 |
0.152 |
0.059 |
2.6 |
0.014 |
0.029 |
198.50 |
218.00 |
19.50 |
0.018 |
0.221 |
0.9 |
- |
0.024 |
210.50 |
237.50 |
27.00 |
0.007 |
0.077 |
0.6 |
- |
0.039 |
|
|
|
|
Copper |
Zinc |
Silver |
Nickel |
|
From |
To |
Interval |
Cu |
Zn |
Ag |
Ni |
Drill Hole |
(m) |
(m) |
(m) |
(%) |
(%) |
(g/ton) |
(%) |
K2-07-16 |
209 |
210.5 |
1.5 |
0.32 |
0.02 |
1,467.0 |
0.07 |
|
|
|
|
Copper |
Zinc |
Silver |
Cobalt |
|
From |
To |
Interval |
Cu |
Zn |
Ag |
Co |
Drill Hole |
(m) |
(m) |
(m) |
(%) |
(%) |
(g/ton) |
(%) |
K2-07-17 |
22.50 |
23.10 |
0.60 |
0.10 |
0.01 |
1.1 |
- |
33.00 |
38.00 |
5.00 |
0.20 |
0.01 |
0.8 |
- |
45.00 |
45.50 |
0.50 |
0.56 |
0.01 |
1.0 |
- |
49.40 |
50.15 |
0.75 |
0.55 |
0.01 |
1.0 |
- |
56.50 |
74.50 |
18.00 |
0.24 |
0.01 |
0.6 |
- |
59.50 |
68.50 |
9.00 |
0.30 |
0.01 |
0.8 |
0.03 |
71.50 |
86.50 |
15.00 |
0.09 |
0.01 |
0.4 |
0.04 |
73.001 |
74.501 |
1.50 |
0.15 |
0.01 |
0.4 |
0.11 |
79.00 |
80.50 |
1.50 |
0.20 |
0.01 |
0.4 |
- |
190.10 |
191.60 |
1.50 |
0.12 |
0.01 |
0.5 |
- |
272.00 |
273.50 |
1.50 |
0.17 |
0.03 |
1.0 |
- |
281.50 |
283.00 |
1.50 |
0.16 |
0.10 |
4.0 |
- |
291.85 |
296.35 |
4.50 |
0.19 |
0.28 |
2.3 |
- |
293.35 |
303.85 |
10.50 |
0.04 |
0.30 |
1.8 |
- |
|
|
|
|
Copper |
Zinc |
Silver |
Cobalt |
|
From |
To |
Interval |
Cu |
Zn |
Ag |
Co |
Drill Hole |
(m) |
(m) |
(m) |
(%) |
(%) |
(g/ton) |
(%) |
K2-07-18 |
33 |
38.5 |
5.5 |
0.143 |
0.013 |
0.2 |
0.002 |
|
74.2 |
74.4 |
0.2 |
0.142 |
0.015 |
0.1 |
0.003 |
|
78.35 |
85.16 |
6.81 |
0.089 |
0.018 |
0.3 |
0.003 |
|
169.89 |
170.09 |
0.2 |
0.193 |
0.008 |
1.9 |
0.006 |
|
179.08 |
181.58 |
2.5 |
0.147 |
0.011 |
0.4 |
0.004 |
|
198 |
199 |
1 |
0.006 |
0.012 |
1.2 |
0.066 |
|
202.84 |
203.44 |
0.6 |
0.034 |
0.01 |
0.6 |
0.056 |
|
204.94 |
207.94 |
3 |
0.002 |
0.01 |
2.3 |
0.034 |
|
223 |
235 |
12 |
0.008 |
0.01 |
0.4 |
0.044 |
|
224.5 |
226 |
1.5 |
0.004 |
0.009 |
0.9 |
0.134 |
|
244 |
245.5 |
1.5 |
0.145 |
0.013 |
0.7 |
0.008 |
|
272.5 |
289 |
16.5 |
0.031 |
0.007 |
0.7 |
0.021 |
|
313 |
314.5 |
1.5 |
0.145 |
0.009 |
0.4 |
0.012 |
|
|
|
|
Copper |
Silver |
Cobalt |
Vanadium |
|
From |
To |
Interval |
Cu |
Ag |
Co |
V 2O 5 |
Drill Hole |
(m) |
(m) |
(m) |
(%) |
(g/ton) |
(%) |
(%) |
K2-07-19 |
6.2 |
7.7 |
1.5 |
0.15 |
0.9 |
0.002 |
0.014 |
|
15.2 |
16.2 |
1 |
0.23 |
0.8 |
0.002 |
0.016 |
|
71.5 |
73 |
1.5 |
0.25 |
0.6 |
0.034 |
0.019 |
|
137.9 |
139.2 |
1.3 |
0.18 |
- |
0.002 |
0.018 |
|
161.8 |
164.8 |
3 |
0.15 |
0.3 |
0.009 |
0.037 |
|
170.8 |
173.3 |
2.5 |
0.11 |
0.2 |
0.003 |
0.034 |
|
179.3 |
185.3 |
6 |
0.01 |
0.2 |
0.009 |
0.086 |
|
219.9 |
220.2 |
0.3 |
0.93 |
0.3 |
0.001 |
0.011 |
K2 Discovery Zone 2006
click to enlarge
Drilling Map 2006 |
The Company has discovered a new large zone of hydrothermal and structurally controlled poly-metallic breccias. The breccias are enriched in copper, gold, silver and cobalt situated on the Company's K2 target site. The K2 target is located on the Contact Lake property, on the south side of Echo Bay. Preliminary drilling of the K2 Target area has yielded significant poly-metallic drill results from a recently completed eight hole drill program. Drilling and fieldwork has confirmed widespread poly-metallic mineralization at several areas at the K2 target. All four drill holes reporting from a recently completed eight hole summer 2006 drill program intersected multiple zones of altered and highly mineralized breccias with disseminated and vein hosted copper, gold, silver, cobalt sulphide mineralization.
Highlights from significant mineralized down hole intervals from the first four holes reporting, include 49.52 meters (162.47 feet) of .25% copper (including 19.5 meters (63.98 feet) of .37% copper, 2.6 g/ton silver and .03% cobalt), 21.45 meters (70.37 feet) of .49% copper and 2.3 g/ton silver, 24.0 meters (78.74 feet) of .40% copper, 3.3 g/ton silver and 0.4 g/ton gold, 2 meters (6.56 feet) of .29% copper, 5.15 g/ton silver and 0.21% cobalt, and 1 meter (3.28 feet) of 3.19% copper, 0.44% lead, 0.75% zinc and 164.8 g/ton silver
The K2 target area is a new discovery in which significant poly-metallic copper, gold, silver and cobalt mineralization was encountered in a preliminary drilling program along a 250 meter strike length to a vertical depth of 300 meters. The mineralized zone remains un-delineated and open at depth and along strike in both directions. The mineralized zone is part of a regionally extensive linear zone of phyllic, potassic, hematite and magnetite, magnetite-actinolite alteration zones, often appearing at surface as phyllic-potassic gossans. The mineralization occurs within the same suite of volcano-plutonic rocks that host other poly-metallic zones in the Eldorado & Contact Lake mineral belt, including the former El Bonanza Silver- Uranium (U-Ag) and the Eldorado Uranium (U-Ag- Cu- Co- Ni- Bi) mines.
The accompanying table gives a summary of drilling highlights and assay results from the initial 4 drill holes of an 8 hole program reporting from the K2 Target Zone, NT.
K2 Discovery Zone - Drill Summary
| Drill Hole |
Interval |
Length (m) |
(Cu) (%) |
(Ag) (g/ton) |
(Co) (%) |
(Au) (g/ton) |
| From (m) |
To (m) |
| CLK2-06-01 |
12.3 |
13.2 |
0.9 |
0.18 |
0.46 |
0 |
0 |
|
21.18 |
70.7 |
49.52 |
0.25 |
1.86 |
0.02 |
0.04 |
|
49.99 |
69.52 |
19.53 |
0.37 |
2.63 |
0.03 |
0.06 |
|
77.42 |
88.82 |
11.4 |
0.17 |
1.09 |
0 |
0 |
|
99.24 |
108.82 |
9.58 |
0.34 |
1.16 |
0.02 |
0.02 |
|
136.9 |
146.2 |
9.3 |
0.42 |
0.83 |
0.01 |
0 |
|
175.4 |
203.1 |
27.7 |
0.2 |
0.9 |
0.01 |
0 |
|
245 |
250.2 |
5.2 |
0.28 |
3.06 |
0 |
0 |
|
401.92 |
402.32 |
0.4 |
0.02 |
2 |
0.27 |
0 |
| CLK2-06-02 |
14.1 |
17.1 |
3 |
0.24 |
0.63 |
0 |
0 |
|
57.9 |
59.05 |
1.15 |
0.53 |
0.5 |
0 |
0 |
|
264.05 |
277 |
12.95 |
0.29 |
1.95 |
0 |
0.01 |
|
272 |
276 |
4 |
0.54 |
3.48 |
0 |
0.03 |
|
282.55 |
304 |
21.45 |
0.49 |
2.32 |
0.01 |
0.04 |
|
310 |
312 |
2 |
0.36 |
1.33 |
0.01 |
0.53 |
|
347.3 |
347.6 |
0.3 |
2.29 |
8.2 |
0.02 |
0.2 |
|
410.5 |
414.5 |
4 |
0.18 |
2.6 |
0.1 |
0.08 |
| Drill Hole |
Interval |
Length (m) |
(Cu) (%) |
(Ag) (g/ton) |
(Co) (%) |
(Au) (g/ton) |
(Zn) (%) |
(Pb) (%) |
| From (m) |
To (m) |
| CLK2-06-03 |
32 |
40 |
8 |
0.36 |
1.9 |
0.03 |
0.1 |
0.01 |
0 |
|
68.5 |
74.5 |
6 |
0.25 |
2.3 |
0.01 |
0.1 |
0.01 |
0 |
|
80 |
81 |
1 |
0.53 |
3.8 |
0.04 |
0.2 |
0.01 |
0 |
|
151.6 |
154.6 |
3 |
0.24 |
6.3 |
0.1 |
0.2 |
0.01 |
0 |
|
267.7 |
271.8 |
4.1 |
0.84 |
42.3 |
0 |
0 |
0.2 |
0.12 |
|
270.2 |
271.2 |
1 |
3.19 |
164.8 |
0 |
0 |
0.75 |
0.44 |
|
279.0 |
295.5 |
16.5 |
0.15 |
6.2 |
0.01 |
0 |
0.04 |
0.02 |
|
300.0 |
300.5 |
0.5 |
0.17 |
7.6 |
0.01 |
0 |
0.07 |
0.05 |
|
319.5 |
320.3 |
0.8 |
0.45 |
10 |
0.08 |
0 |
0.08 |
0.05 |
|
421.0 |
445.0 |
24.0 |
0.4 |
3.3 |
0.01 |
0.4 |
0.01 |
0 |
|
421.0 |
434.0 |
13.0 |
0.45 |
4.7 |
0.01 |
0.6 |
0.01 |
0.01 |
|
427.5 |
434.0 |
6.5 |
0.73 |
3.6 |
0.01 |
0.9 |
0.01 |
0 |
|
461.5 |
469.5 |
8 |
0.38 |
3.6 |
0.01 |
0.1 |
0.01 |
0 |
| Drill Hole |
Interval |
Length (m) |
(Cu) (%) |
(Ag) (g/ton) |
(Co) (%) |
(Au) (g/ton) |
| From (m) |
To (m) |
| CLK2-06-04 |
13 |
18.9 |
5.9 |
0.23 |
1.6 |
0.08 |
0.14 |
|
38 |
42.5 |
4.5 |
0.44 |
3.26 |
0.03 |
0.03 |
|
45.8 |
58 |
12.2 |
0.17 |
0.87 |
0.01 |
0 |
|
65.9 |
68.5 |
2.6 |
0.67 |
4.11 |
0.04 |
0.08 |
|
95.8 |
97.2 |
1.4 |
0.52 |
3.16 |
0.04 |
0.09 |
|
120 |
122 |
2 |
0.29 |
5.15 |
0.21 |
0.1 |
|
128.65 |
134.1 |
5.45 |
0.25 |
4.2 |
0.02 |
0.05 |
|
175.5 |
178.8 |
3.3 |
0.26 |
10.37 |
0.01 |
0 |
|
205.9 |
208.9 |
3 |
0.36 |
3.35 |
0 |
0 |
Note: True thickness has not been calculated for these holes.
The K2 mineralized breccia is open for drilling along strike for a presently undetermined length, and within a 200 to 300 meter wide horizon.
K2 |
The latest results from the K2 discovery follow the initial drill results from the first four holes were released on December 14, 2006 whereby the Company announced that it had discovered a new large zone of hydrothermal and structurally controlled poly-metallic breccias that are enriched in copper, gold, silver and cobalt. The K2 target is located on the Contact Lake property, on the south side of Echo Bay. Completion of an additional four drill holes has confirmed and expanded the widespread poly-metallic mineralization at the K2 target. All eight drill holes reporting from a recently completed eight hole summer 2006 drill program intersected multiple zones of altered and highly mineralized breccias with disseminated and vein hosted copper, gold, silver, cobalt sulphide mineralization.
Highlights from significant mineralized down hole intervals from the four new holes reporting, include 14.5 meters (47.85 feet) of .28% copper, 1.1 g/ton silver and .04% cobalt and 0.12 g/ton gold, 17.5 meters (57.75 feet) of .28% copper and 5.2 g/ton silver, 17.4 meters of .41% copper, 2.7 g/ton silver, 0.01 % cobalt (including 0.5 meters 3.13 % copper, 16.8 g/ton silver) 46.5 meters (153.45 feet) of .22% copper, 0.94 g/ton silver and 0.01 g/ton gold, 3 meters (9.9 feet) of .73% copper, 1.8 g/ton silver and 0.01% cobalt, and 1 meter (3.28 feet) of 3.19% copper.
The mineralized zone is part of a regionally extensive linear zone of phyllic, potassic, hematite and magnetite, magnetite-actinolite alteration zones, often appearing at surface as phyllic-potassic gossans. The mineralization occurs within the same suite of volcano-plutonic rocks that host other poly-metallic zones in the Eldorado & Contact lake mineral belt, including the former El Bonanza Silver- Uranium (U-Ag) and the Eldorado Uranium (U-Ag- Cu- Co- Ni- Bi) mines.
The accompanying table gives a summary of drilling highlights and assay results returned from the balance of holes from an 8 hole program reporting from the K2 Target Discovery Zone at Contact Lake, NT.
K2 Discovery Zone -Drill Summary (Holes 5-6-7-8)
| Drill Hole |
Interval |
Length (m) |
(Cu) (%) |
(Ag) (g/ton) |
(Co) (%) |
(Au) (g/ton) |
| From (m) |
To (m) |
| CLK2-06-05 |
2.5 |
56.5 |
54 |
0.2 |
1.08 |
0.03 |
0.08 |
|
2.5 |
8.5 |
6 |
0.42 |
1.32 |
0.05 |
0.23 |
|
2.5 |
17 |
14.5 |
0.28 |
1.1 |
0.04 |
0.12 |
|
20 |
31 |
11 |
0.23 |
1.39 |
0.05 |
0.08 |
|
27.5 |
30 |
2.5 |
0.53 |
3 |
0.13 |
0.24 |
|
35.5 |
56.5 |
21 |
0.17 |
1.1 |
0.02 |
0.07 |
|
43 |
46 |
3 |
0.21 |
1.65 |
0.03 |
0.5 |
|
59 |
63 |
4 |
0.11 |
0.58 |
0.01 |
0.03 |
|
152 |
153.7 |
1.7 |
0.14 |
0.72 |
0.06 |
0 |
|
156.2 |
156.7 |
0.5 |
0.38 |
1.4 |
0.01 |
0 |
|
190.5 |
191.5 |
1 |
0.04 |
2.9 |
0.05 |
0 |
|
222 |
223.5 |
1.5 |
0.1 |
2.1 |
0 |
0 |
|
226 |
227.5 |
1.5 |
0.21 |
4.7 |
0 |
0 |
| CLK2-06-06 |
20.5 |
20.8 |
0.3 |
1.21 |
1.2 |
0.01 |
0.1 |
|
88 |
89 |
1 |
0.11 |
0.3 |
0 |
0 |
|
90 |
93.6 |
3.6 |
0.24 |
0.57 |
0 |
0 |
|
118.5 |
122 |
3 |
0.29 |
0.3 |
0 |
0 |
|
123 |
125 |
1.5 |
0.1 |
0.2 |
0 |
0 |
|
211 |
212 |
1 |
1.04 |
3.7 |
0 |
0 |
|
269 |
271 |
1.5 |
0.14 |
0.4 |
0.01 |
0 |
|
290 |
299 |
9 |
0.11 |
0.63 |
0.01 |
0 |
|
304.4 |
309 |
4.6 |
0.29 |
1.46 |
0.02 |
0.02 |
|
323.5 |
331 |
7.5 |
0.15 |
0.64 |
0 |
0 |
|
338.5 |
340 |
1.5 |
0.24 |
2.8 |
0.01 |
0 |
|
343 |
349 |
6 |
0.24 |
1.35 |
0.01 |
0 |
|
356.5 |
360 |
3 |
0.39 |
1.45 |
0.02 |
0 |
|
361 |
363 |
1.5 |
0.1 |
0.3 |
0 |
0 |
|
368.5 |
372 |
3 |
0.14 |
0.6 |
0.01 |
0 |
|
374.5 |
377 |
2.5 |
0.17 |
1.8 |
0.02 |
0 |
|
397.2 |
402 |
5.1 |
0.34 |
0.68 |
0.01 |
0 |
|
407.5 |
425 |
17.5 |
0.28 |
5.29 |
0.01 |
0.03 |
|
407.5 |
412 |
4 |
0.64 |
5.89 |
0.01 |
0.05 |
| Drill Hole |
Interval |
Length (m) |
(Cu) (%) |
(Ag) (g/ton) |
(Co) (%) |
(Au) (g/ton) |
(Bi) (%) |
| From (m) |
To (m) |
| CLK2-06-07 |
5 |
12.5 |
7.5 |
0.13 |
1 |
0.01 |
0 |
|
|
24.5 |
25.5 |
1 |
1 |
5.6 |
0.04 |
0.2 |
0.11 |
|
34 |
45.3 |
11.3 |
0.2 |
1.8 |
0.01 |
0.01 |
|
|
51.5 |
52.5 |
1 |
0.26 |
0.9 |
0.01 |
0 |
|
|
69.5 |
72.5 |
3 |
0.27 |
1.5 |
0 |
0 |
|
|
86 |
103.4 |
17.4 |
0.41 |
2.7 |
0.01 |
0.01 |
|
|
94.1 |
94.6 |
0.5 |
3.13 |
16.8 |
0.01 |
0.1 |
0.19 |
|
104.4 |
108.9 |
4.5 |
0.15 |
1.1 |
0.02 |
0.03 |
|
|
138 |
139 |
1 |
0.1 |
0.9 |
0.05 |
0 |
|
|
168.4 |
170.9 |
2.5 |
0.18 |
2.5 |
0.03 |
0 |
|
|
191 |
196.5 |
5.5 |
0.18 |
4.8 |
0.01 |
0.05 |
|
|
202 |
203 |
1 |
0.11 |
2.9 |
0.02 |
0 |
|
|
242 |
245 |
3 |
0.17 |
7.7 |
0 |
0 |
|
|
266 |
267.5 |
1.5 |
0.11 |
0.8 |
0 |
0 |
|
|
323 |
326 |
3 |
0.27 |
1.9 |
0.01 |
0.1 |
|
|
347 |
348.5 |
1.5 |
0.12 |
2.3 |
0.03 |
0 |
|
|
377 |
378.5 |
1.5 |
0.14 |
2.9 |
0 |
0 |
|
| Drill Hole |
Interval |
Length (m) |
(Cu) (%) |
(Ag) (g/ton) |
(Co) (%) |
(Au) (g/ton) |
| From (m) |
To (m) |
| CLK2-06-10 |
5.5 |
6.5 |
1 |
0.14 |
1.6 |
0 |
0 |
|
17 |
54.5 |
37.5 |
0.2 |
1.26 |
0.01 |
0 |
|
30.5 |
33.5 |
3 |
0.73 |
1.8 |
0.01 |
0 |
|
71 |
83 |
12 |
0.18 |
1.53 |
0.03 |
0.06 |
|
71 |
74 |
3 |
0.59 |
2.85 |
0.03 |
0.25 |
|
93.5 |
140 |
46.5 |
0.22 |
0.94 |
0.03 |
0.01 |
|
93.5 |
125 |
31.5 |
0.27 |
1.15 |
0.02 |
0 |
|
99.5 |
119 |
19.5 |
0.33 |
1.28 |
0.02 |
0.01 |
|
128 |
140 |
12 |
0.12 |
0.5 |
0.02 |
0.03 |
|
150.5 |
155 |
4.5 |
0.25 |
0.47 |
0 |
0 |
|
162.5 |
182 |
19.5 |
0.22 |
0.67 |
0.01 |
0 |
|
162.5 |
170 |
7.5 |
0.35 |
0.98 |
0.01 |
0 |
|
192.5 |
195.5 |
3 |
0.16 |
0.75 |
0 |
0 |
|
203 |
204.5 |
1.5 |
0.11 |
0.7 |
0.01 |
0 |
|
218 |
219.5 |
1.5 |
0.21 |
0.7 |
0 |
0 |
|
287 |
288 |
1 |
0.18 |
2.2 |
0.03 |
0 |
|
320 |
324 |
4 |
0.02 |
0.79 |
0.03 |
0 |
|
381 |
382.5 |
1.5 |
0.51 |
8.9 |
0.03 |
0.1 |
|
393 |
394.5 |
1.5 |
0.09 |
1 |
0.02 |
0 |
|
465 |
473.7 |
8.7 |
0.11 |
3.09 |
0.04 |
0 |
|
503 |
506 |
3 |
0.12 |
0.55 |
0 |
0.2 |
|
510.5 |
516.5 |
6 |
0.16 |
1.23 |
0 |
0.1 |
The Company intends to conduct further drilling on the K2 Discovery Zone in 2007, to determine its potential as a significant poly-metallic bulk tonnage prospect.
| | 
|
)