Alberta Star Development Corp.
Contact LakeProjects

ELDORADO - ECHO BAY IOCG PROJECT 2007



The Eldorado IOCG and uranium target is located on the Company's property, on the north side of the Echo Bay.

The Contact Lake & Eldorado district is being targeted by the Company for silver, uranium and poly-metallic mineralization. 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 (Ag) and the Eldorado Uranium (U-Ag-Cu-Co-Ni-Bi) mines. Veins of the former Eldorado and Echo Bay mines are situated in tuff/metasedimentary rocks, near the margins and apices of porphyry stocks, between underlying batholiths and overlying volcanic rocks. The cores and intermediate zones of the hydrothermal systems that are responsible for these veins are possible loci for larger, more typical, bulk-mineable IOCG-type deposits.

2007 Highlights from significant mineralized down hole intervals from ten new holes include:

  • PR-07-11 0.5 meters of 2.3 g/ton gold as well as another 0.3 meters of 2.3 g/ton gold
  • PR-07-12 intersected 0.47 meter 0.22% lead, 0.9% zinc, 0.5 % cobalt and 7.7 g/tonne silver.
  • PR-07-13 intersected 0.25 meter of 1.45% copper and 1.41% U3O8.
  • PR-07-14 intersected 1.49 meters of 0.44% copper and 0.30 meter of 0.21% U3O8.
  • PR-07-15 intersected 8.14 meters of 0.68% copper, 22.9 g/tonne silver. This included 2.26 meters of 2.02% copper, 73.4 g/tonne silver. Subsequent sections comprised 0.25 meters of 2.5% cobalt with 1.7% bismuth and 0.53 meters of 0.17% U3O8 and 0.98% cobalt.
  • PR-07-16 intersected 4.82 meters of 0.47% copper, and also several vanadium-bearing zones including 25.51 meters of 0.22% vanadium (as V205) and also 45.22 meters of 0.20% vanadium (as V205).
  • PR-07-17 intersected 15.46 meters of 0.27% lead, 1.67% zinc including 7.67 meters of 0.43% lead and 2.93% zinc, 4.51 meters of 1.42% lead and 0.93% zinc including 1.51 meters of 3.81% lead and 1.22% zinc.
The accompanying table gives a summary of drilling highlights and assays from the Eldorado -- Echo Bay Project at Contact Lake, NT.


 

 

 

 

Copper

Lead

Zinc

Silver

Gold

 

From

To

Interval

Cu

Pb

Zn

Ag

Au

Drill Hole

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(g/ton)

PR-07-11

25.45

25.95

0.50

0.042

0.067

0.087

1.0

2.3

 

195.15

195.45

0.30

0.008

0.012

0.023

0.1

2.3

260.06

260.11

0.05

0.002

0.003

0.005

0.1

2.0

275.74

277.24

1.50

0.019

0.007

0.125

0.1

0.1


Drill Hole

Interval

Length

Copper

Lead

Zinc

Silver

Cobalt

From

To

Cu

Pb

Zn

Ag

Co

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(%)

PR-07-12

29.03

29.5

0.47

0.10

0.22

0.9

7.7

0.5


 

Interval

Length

Copper

Lead

Zinc

Silver

Uranium

 

From

To

Cu

Pb

Zn

Ag

U3O8

Drill Hole

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(%)

PR-07-13

47.07

47.32

0.25

1.45

0.22

0.02

4.00

1.41

232.8

239.45

6.65

0.05

0.20

0.36

3.81

0.00


 

Interval

Length

Copper

Uranium

 

From

To

Cu

U3O8

Drill Hole

(m)

(m)

(m)

(%)

(%)

PR-07-14

75.95

77.44

1.49

0.44

0.00

88.5

91.5

3.00

0.08

0.03

93

93.3

0.30

0.04

0.21


 

Interval

Length

Copper

Lead

Zinc

Silver

Nickel

Cobalt

Uranium

Bismuth

 

From

To

Cu

Pb

Zn

Ag

Ni

Co

U3O8

Bi

Drill Hole

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(%)

(%)

(%)

(%)

PR-07-15

36.50

44.64

8.14

0.68

0.00

0.03

22.9

0.03

0.15

0.01

0.05

37.66

37.88

0.22

0.25

0.00

0.03

39.6

0.01

2.50

0.00

1.70

37.66

38.64

0.98

0.80

0.01

0.02

43.9

0.17

1.15

0.09

0.41

38.11

38.64

0.53

0.80

0.02

0.01

31.2

0.30

0.98

0.17

0.02

38.64

40.14

1.50

2.56

0.00

0.01

87.7

0.01

0.03

0.00

0.00

37.88

40.14

2.26

2.02

0.01

0.02

73.4

0.08

0.27

0.04

0.01

74.64

76.14

1.50

0.11

0.02

0.06

2.9

0.06

0.05

0.00

0.00

79.14

80.64

1.50

0.14

0.02

0.03

1.8

0.02

0.01

0.00

0.00

81.64

84.47

2.83

0.09

0.07

0.09

2.3

0.03

0.03

0.00

0.00

83.37

84.47

1.10

0.09

0.08

0.14

1.7

0.04

0.05

0.00

0.00


 

Interval

Length

Copper

Lead

Zinc

Silver

Nickel

Cobalt

Uranium

Vanadium

 

From

To

Cu

Pb

Zn

Ag

Ni

Co

U3O8

V2O5

Drill Hole

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(%)

(%)

(%)

(%)

PR-07-16

44.25

45.75

1.50

0.03

0.01

0.18

0.6

0.06

0.02

0.000

0.03

284.47

285.97

1.50

0.00

0.03

0.19

0.3

0.00

0.01

0.000

0.05

312.97

344.92

31.95

0.01

0.01

0.03

0.3

0.01

0.01

0.000

0.16

352.42

355.42

3.00

0.02

0.01

0.17

0.5

0.01

0.01

0.000

0.15

350.92

376.42

25.50

0.02

0.01

0.05

0.2

0.01

0.01

0.000

0.15

395.92

407.92

12.00

0.02

0.01

0.04

0.3

0.01

0.01

0.000

0.18

431.92

477.14

45.22

0.07

0.01

0.03

0.4

0.01

0.01

0.001

0.20

458.33

461.92

3.59

0.53

0.00

0.01

1.7

0.00

0.01

0.006

0.15

459.34

464.16

4.82

0.47

0.00

0.02

1.4

0.00

0.01

0.005

0.13

486.89

512.40

25.51

0.02

0.00

0.01

0.2

0.01

0.01

0.000

0.22


Drill Hole

Interval

Length

Copper

Lead

Zinc

Silver

Nickel

Cobalt

Vanadium

From

To

Cu

Pb

Zn

Ag

Ni

Co

V2O5

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(%)

(%)

(%)

PR-07-17

33.00

34.50

1.50

0.05

0.06

0.15

0.4

0.00

0.01

0.02

130.05

131.80

1.75

0.05

0.08

0.25

1.4

0.04

0.02

0.27

260.85

262.35

1.50

0.40

0.11

0.06

11.8

0.03

0.08

0.07

281.50

284.50

3.00

0.05

0.04

0.12

0.4

0.03

0.02

0.12

290.92

293.29

2.37

0.23

0.17

0.01

2.9

0.10

0.05

0.10

295.09

295.71

0.62

0.13

0.00

0.00

0.7

0.11

0.04

0.13

300.20

304.70

4.50

0.07

0.14

0.18

14.4

0.04

0.02

0.08

309.20

324.66

15.46

0.09

0.27

1.67

6.7

0.03

0.01

0.04

315.49

323.16

7.67

0.13

0.43

2.93

10.7

0.02

0.01

0.03

329.95

333.56

3.61

0.15

0.01

0.04

1.3

0.10

0.04

0.14

335.06

338.06

3.00

0.06

0.04

0.27

0.7

0.04

0.02

0.04

351.56

353.06

1.50

0.02

0.02

0.17

0.4

0.01

0.01

0.06

363.10

366.50

3.40

0.14

0.37

1.04

14.9

0.07

0.04

0.10

367.56

373.56

6.00

0.09

0.07

0.33

2.8

0.06

0.03

0.07

 

384.01

392.00

7.99

0.06

0.05

0.24

5.9

0.03

0.02

0.08

401.00

410.00

9.00

0.04

0.05

0.18

0.8

0.02

0.01

0.10

420.50

422.00

1.50

0.02

0.03

0.19

0.7

0.01

0.01

0.08

430.99

441.50

10.51

0.05

0.08

0.30

1.3

0.02

0.01

0.07

458.00

459.50

1.50

0.04

0.08

0.18

0.6

0.02

0.01

0.04

468.50

471.50

3.00

0.06

0.12

0.15

3.6

0.03

0.02

0.02

488.25

492.75

4.50

0.08

0.05

0.22

1.2

0.04

0.02

0.10

494.25

495.75

1.50

0.13

0.01

0.20

1.6

0.09

0.08

0.10

503.25

507.19

3.94

0.09

0.03

0.20

1.2

0.08

0.07

0.05

516.19

520.70

4.51

0.12

1.42

0.93

4.8

0.06

0.02

0.06

519.19

520.70

1.51

0.19

3.81

1.22

7.9

0.06

0.02

0.04

540.50

554.07

13.57

0.10

0.10

0.53

2.3

0.08

0.03

0.07

543.50

545.00

1.50

0.10

0.28

1.12

4.0

0.08

0.03

0.07

560.05

561.55

1.50

0.06

0.21

0.94

4.7

0.05

0.02

0.17

572.05

573.55

1.50

0.10

0.07

0.17

1.0

0.13

0.03

0.14



Highlights from significant mineralized down hole intervals from three new holes include:

PR-07-18 intersected:
  • 1.5 meters of 0.25% zinc and 0.23% V2O5
  • 4.5 meters of 0.31% copper, 0.28% lead and 0.35% zinc including 1.5 meters of 0.87% copper, 0.66% lead, 0.65% zinc and 6.5 g/ton silver.
  • 1.26 meters of 1.01% lead and 0.51% zinc
  • 10.74 meters of 0.12% copper, 0.72% zinc including 1.74 meters of 2.45% zinc, 12.30 g/ton silver and 0.16% V2O5
  • 1.50 meters of 0.13% lead, 0.31% zinc, and 0.12% V2O5
PR-07-19 intersected several zones of zinc mineralization including:
  • 4.5 meters of 0.17% zinc, 1.5 meters of 0.14% zinc and 4.5 meters of 0.14% zinc.
PR-07-20 intersected:
  • 9.0 meters of 0.25% zinc including 1.49 meters of 1.0% zinc.
  • 31.65 meters of 0.22% copper and 24.2 g/ton silver, including: 0.57 meter of 4.4% copper, 0.11% lead, 0.39% zinc, 46.8 g/ton silver and 0.21% V2O5
  • 3.0 meters of 0.39% copper and 206.5 g/ton silver
  • 4.5 meters of 0.18% V2O5
The accompanying table gives a summary of drilling highlights and assays from the three holes at Eldorado at Contact Lake, NWT:

Drill Hole

Interval

Length

Copper

Lead

Zinc

Silver

Nickel

Cobalt

Uranium

Vanadium

 

From

To

Cu

Pb

Zn

Ag

Ni

Co

U3O8

V2O5

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(%)

(%)

(%)

(%)

PR-07-18

4.50

6.00

1.50

0.01

0.06

0.15

0.40

0.01

0.01

0.000

0.18

7.50

9.00

1.50

0.02

0.17

0.52

2.20

0.02

0.01

0.001

0.12

12.00

13.50

1.50

0.02

0.09

0.19

1.70

0.01

0.01

0.000

0.24

28.80

29.44

0.64

0.10

0.05

0.16

1.30

0.10

0.08

0.001

0.05

42.94

44.44

1.50

0.01

0.07

0.25

0.90

0.01

0.01

0.000

0.23

123.94

128.44

4.50

0.31

0.28

0.35

2.77

0.03

0.02

0.001

0.09

126.94

128.44

1.50

0.87

0.66

0.65

6.50

0.04

0.02

0.003

0.08

361.19

362.45

1.26

0.05

1.01

0.51

4.00

0.02

0.02

0.000

0.08

392.70

403.44

10.74

0.12

0.08

0.72

4.06

0.05

0.02

0.000

0.10

392.70

394.44

1.74

0.25

0.08

2.45

12.30

0.04

0.01

0.000

0.16

420.83

422.33

1.50

0.05

0.03

0.27

0.70

0.03

0.02

0.000

0.03

429.83

431.33

1.50

0.03

0.13

0.31

1.10

0.03

0.02

0.000

0.12

 

 

 

 

 

 

 

 

 

 

 

 


Drill Hole

Interval

Length

Zinc

From

To

Zn

(m)

(m)

(m)

(%)

PR-07-19

217.0

221.5

4.5

0.11

227.5

232.0

4.5

0.17

239.5

241.0

1.5

0.14

244.0

248.5

4.5

0.14

269.5

271.0

1.5

0.11


Drill Hole

Interval

Length

Copper

Lead

Zinc

Silver

Nickel

Cobalt

Uranium

Vanadium

From

To

Cu

Pb

Zn

Ag

Ni

Co

U3O8

V2O5

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(%)

(%)

(%)

(%)

PR-07-20

16.50

18.00

1.50

0.03

0.09

0.13

1.3

0.01

0.01

0.00

0.03

24.06

33.06

9.00

0.05

0.02

0.25

1.2

0.02

0.01

0.00

0.06

27.07

28.56

1.49

0.09

0.05

1.00

3.2

0.03

0.01

0.00

0.05

42.06

45.13

3.07

0.04

0.01

0.31

0.7

0.02

0.01

0.00

0.02

52.65

84.30

31.65

0.22

0.06

0.06

24.2

0.03

0.02

0.00

0.12

56.21

56.78

0.57

4.40

0.11

0.39

46.8

0.04

0.04

0.01

0.21

63.30

66.30

3.00

0.39

0.03

0.02

206.5

0.03

0.02

0.00

0.10

58.78

63.30

4.52

0.11

0.26

0.06

15.6

0.06

0.03

0.00

0.06

112.80

114.30

1.50

0.04

0.06

0.13

0.8

0.05

0.02

0.00

0.08

117.30

118.80

1.50

0.03

0.10

0.19

0.8

0.03

0.01

0.00

0.10

130.80

135.30

4.50

0.03

0.00

0.02

0.2

0.01

0.01

0.00

0.18



DRILL HOLE 21


Highlights from significant mineralized down hole intervals from hole PR-07-21 include:
PR-07-21 intersected:
  • 12.34 meters of 1.01% zinc and 0.25% lead
  • 15.0 meters of 0.12% zinc and 0.15% V2O5 and
  • 4.9 meters of 0.22% lead, 0.44% zinc and 0.11% V2O5
The accompanying table gives a summary of drilling highlights and assays from the hole at Eldorado at Contact Lake, NWT:

 

 

 

 

 

 

 

 

 

Copper

Lead

Zinc

Silver

Nickel

Cobalt

Vanadium

From

To

Interval

Cu

Pb

Zn

Ag

Ni

Co

V2O5

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(%)

(%)

(%)

PR-07-21

179.63

191.97

12.34

0.08

0.25

1.01

2.9

0.05

0.03

0.05

210.00

225.00

15.00

0.03

0.01

0.12

0.5

0.03

0.01

0.15

222.00

225.00

3.00

0.09

0.03

0.35

1.1

0.07

0.03

0.08

231.00

232.50

1.50

0.11

0.01

0.03

0.7

0.10

0.03

0.02

244.50

246.00

1.50

0.04

0.11

0.32

2.0

0.04

0.02

0.11

247.50

249.00

1.50

0.04

0.01

0.11

0.5

0.03

0.02

0.12

274.50

276.00

1.50

0.04

0.02

0.26

0.4

0.02

0.01

0.08

286.50

291.40

4.90

0.07

0.22

0.44

7.3

0.02

0.01

0.11

290.50

291.40

0.90

0.21

0.80

0.25

29.6

0.02

0.02

0.06




DRILL HOLE 22


Highlights from significant mineralized down hole intervals from hole PR-07-22 include:
  • 21.08 meters of 2.23% copper, 65.21 g/ton silver and 0.20% V2O5 including 7.50 meters of 2.74% copper, 102.09 g/ton silver and 0.19% V2O5 and 3.58 meters of 3.90% copper, 66.37 g/ton silver and 0.13% V205 as well as 1.50 meters of 4.77% copper, 168.07 g/ton silver and 0.58meters of 9.47% copper and 182.40 g/ton silver.

  • 0.70 meter of 1.49% copper 52.0 g/ton.
  • 0.41 meter of 2.86% copper, 123 g/ton silver and 0.14% V2O5.
  • 15 meters of 0.14% copper, 0.33% zinc and 0.12% V2O5.

The accompanying table gives a summary of drilling highlights and assays from hole number PR- 07- 22 the Eldorado at Contact Lake, NT.

 

 

 

 

Copper 

Lead 

Zinc 

Silver 

Nickel 

Cobalt 

Vanadium 

 

From

To

Interval

Cu

Pb

Zn

Ag

Ni

Co

V2O5

Drill Hole

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(%)

(%)

(%)

PR-07-22 

8.4

9.4

1

0.03

0.13

0.44

3.3

0.02

0.01

0.11

 

9.4

10.1

0.7

1.49

0.03

0.05

52

0.03

0.02

0.04

 

10.1

11.1

1

0.11

0

0.03

10.2

0.01

0.01

0.02

 

15.1

16.1

1

0.12

0.01

0.04

2.1

0.01

0.01

0.04

 

17.1

18.1

1

0.12

0.01

0.03

1.8

0.04

0.03

0.04

 

22.1

23.1

1

0.05

0.1

0.28

1.1

0.04

0.02

0.05

 

24.1

26.1

2

0.04

0.11

0.47

1.15

0.03

0.02

0.05

 

31.1

34.1

3

0.05

0.05

0.79

1.4

0.04

0.03

0.05

 

33.1

34.1

1

0.07

0.05

1.48

1.8

0.05

0.03

0.05

 

40.1

41.1

1

0.06

0.09

0.36

4

0.05

0.02

0.06

 

42.1

43.1

1

0.06

0.15

0.32

4.4

0.04

0.02

0.09

 

45.15

66.23

21.08

2.23

0.04

0.04

65.21

0.09

0.02

0.2

 

45.15

52.65

7.5

2.74

0.07

0.04

102.09

0.19

0.04

0.19

 

58.65

62.23

3.58

3.9

0.03

0.05

66.37

0.03

0.02

0.13

 

45.65

47.15

1.5

4.77

0.04

0.01

168.07

0.05

0.03

0.05

 

61.65

62.23

0.58

9.47

0.01

0.06

182.4

0.07

0.03

0.09

 

67.23

68.23

1

0.04

0.05

0.12

1.4

0.03

0.01

0.03

 

69.23

71.23

2

0.04

0.09

0.28

1.65

0.04

0.02

0.07

 

74.23

89.23

15

0.05

0.14

0.33

2.59

0.04

0.02

0.12

 

83.23

84.73

1.5

0.05

0.45

0.61

4.3

0.03

0.01

0.05

 

93.73

95.23

1.5

0.06

0.06

0.24

1

0.03

0.01

0.06

 

98.55

98.96

0.41

2.86

0.03

0.02

123.3

0.1

0.11

0.14

 

115.46

124.46

9

0.03

0.04

0.13

0.52

0.02

0.01

0.07

 

131.96

134.96

3

0.02

0.04

0.25

0.6

0.01

0.01

0.05

 

139.46

143.96

4.5

0.03

0.01

0.15

0.53

0.01

0.01

0.03

 

154.46

155.96

1.5

0

0

0.01

0.1

0

0

0.1

 

171.53

173.03

1.5

0.03

0.05

0.22

0.7

0

0

0.09

 

191.37

192.87

1.5

0.01

0.01

0.11

0.2

0.01

0

0.02

 

218.4

219.1

0.7

0.73

0.01

0.16

1.3

0.02

0.01

0.06



DRILL HOLE 23

Highlights from significant mineralized down hole intervals from hole PR-07-23 include:
PR-07-23 intersected:
  • 185.4 meters of 0.12% V2O5 including:
  • 28.24 meters of 0.21% V2O5 and
  • 34.20 meters of 0.26% zinc and
  • 8.82 meters of 0.21% zinc and 11 g/ton silver including 2 meters of 0.25% zinc, 30.2 g/ton silver and 0.10% nickel
The accompanying table gives a summary of drilling highlights and assays from the hole at Eldorado at Contact Lake, NWT:

Drill Hole

 

 

 

Copper

Lead

Zinc

Silver

Nickel

Cobalt

Vanadium

From

To

Interval

Cu

Pb

Zn

Ag

Ni

Co

V2O5

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(%)

(%)

(%)

PR-07-23

3.66

189.06

185.40

0.03

0.02

0.09

0.1

0.02

0.01

0.12

3.66

31.90

28.24

0.02

0.00

0.01

0.1

0.01

0.01

0.21

34.40

35.90

1.50

0.15

0.00

0.01

0.2

0.01

0.01

0.03

42.45

42.85

0.40

0.22

0.01

0.03

0.3

0.00

0.00

0.15

47.85

49.68

1.83

0.05

0.00

0.04

0.5

0.02

0.13

0.15

52.73

61.55

8.82

0.06

0.02

0.21

11.0

0.06

0.02

0.20

59.55

61.55

2.00

0.09

0.02

0.25

30.2

0.10

0.03

0.14

64.10

70.10

6.00

0.02

0.01

0.05

0.3

0.01

0.00

0.22

71.10

72.23

1.13

0.01

0.03

0.22

0.3

0.01

0.01

0.16

73.73

78.23

4.50

0.02

0.02

0.17

0.4

0.02

0.01

0.13

88.80

91.80

3.00

0.02

0.04

0.18

0.6

0.03

0.02

0.15

93.30

127.50

34.20

0.04

0.07

0.26

1.2

0.03

0.01

0.11

109.50

110.00

0.50

0.12

0.13

1.02

21.9

0.05

0.02

0.08

140.50

141.50

1.00

0.11

0.03

0.08

1.1

0.03

0.01

0.08

144.50

147.50

3.00

0.07

0.02

0.11

1.7

0.02

0.01

0.02

176.50

179.50

3.00

0.02

0.25

0.25

1.1

0.01

0.01

0.04

178.00

179.50

1.50

0.03

0.47

0.40

2.0

0.02

0.01

0.04


Highlights from significant mineralized down hole intervals in drill hole PR-07-24 include:

PR-07-24 intersected:
  • 18.45 meters of 0.453% copper, 0.249% lead, 0.480% zinc, 42.6 g/ton silver including 1.82 meter of 2.485% copper, 0.525% lead and 200.8 g/ton silver
  • 1.50 meters of 2.190% zinc, 1.060% lead and 21.9 g/ton silver
  • 14.50 meter of 0.480% zinc, 0.116% lead and 6.1 g/ton silver
  • 9.37 meters of 0.573% copper, 0.043% uranium (U3O8) and 0.089% vanadium (V2O5) including 1.50 meter of 0.097% uranium (U3O8) as well as 1.06 meter of 1.85% copper, 0.142% uranium (U3O8) and 0.110% vanadium (V2O5).
The accompanying table gives a summary of drilling highlights and assays from PR-07-24 at Eldorado at Contact Lake, NT:

Drill Hole

 

 

 

Copper

Lead

Zinc

Silver

Nickel

Cobalt

Uranium

Vanadium

From

To

Interval

Cu

Pb

Zn

Ag

Ni

Co

U 3O 8

V 2O 5

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(%)

(%)

(%)

(%)

PR-07-24

25.55

44

18.45

0.453

0.249

0.48

42.6

0.028

0.027

0.001

0.056

27.75

29.57

1.82

2.485

0.525

0.081

200.8

0.03

0.078

0.003

0.039

28.95

29.57

0.62

3.269

0.678

0.054

292

0.011

0.014

0

0.025

42.5

44

1.5

0.145

1.06

2.19

21.9

0.065

0.051

0

0.063

45.5

56

10.5

0.041

0.087

0.194

1.1

0.037

0.019

0

0.099

65

71

6

0.04

0.099

0.371

0.9

0.041

0.021

0

0.073

74

88.5

14.5

0.06

0.116

0.48

6.1

0.044

0.028

0.001

0.091

84

85.5

1.5

0.025

0.079

1.16

3.6

0.021

0.013

0

0.051

91.5

108

16.5

0.029

0.039

0.183

0.7

0.03

0.016

0

0.091

114

115.5

1.5

0.08

0.175

0.327

1.7

0.077

0.032

0

0.09

118.5

120

1.5

0.054

0.062

0.219

0.8

0.06

0.025

0.001

0.079

121.5

123

1.5

0.076

0.24

0.855

9.6

0.064

0.021

0

0.083

124.5

126

1.5

0.068

0.003

0.009

1.1

0.175

0.041

0

0.069

135

142.5

7.5

0.049

0.132

0.411

1.7

0.035

0.018

0

0.124

136.5

138

1.5

0.074

0.365

1.23

4.9

0.054

0.023

0

0.114

147

148.5

1.5

0.051

0.241

1.31

4.1

0.047

0.02

0

0.128

163.5

169.5

6

0.032

0.008

0.038

0.3

0.007

0.005

0

0.166

172.5

192

19.5

0.005

0.004

0.02

0.1

0.005

0.004

0

0.197

195

198

3

0.035

0.049

0.226

0.7

0.012

0.009

0

0.068

241

251.5

10.5

0.27

0.003

0.016

0.4

0.011

0.007

0.002

0.059

254.5

256

1.5

0.028

0.003

0.019

1.7

0.073

0.641

0.019

0.044

259

268.37

9.37

0.57

0.028

0.039

0.9

0.012

0.008

0.043

0.089

262

263.5

1.5

0.34

0.037

0.025

0.8

0.005

0.007

0.097

0.061

267.31

268.37

1.06

1.85

0.07

0.138

2.1

0.007

0.003

0.142

0.110



The accompanying table gives a summary of significant mineralized down hole intervals and assay results from drill holes PR-07-25, PR-07-26 and PR-07-27: PR-07-25 intersected:
  • 1.45 meters of 39.9 g/ton silver, 0.403% copper, 0.333% lead, 0.207% zinc, 0.123% nickel, and 0.126% cobalt.
  • 1.5 meters of 1.89% zinc, 1.04% lead and 14.2 g/ton silver.
  • 49.7 meters of 0.145% zinc
  • 212.05 meters of vanadium (V2O5)
PR-07-26 intersected:
  • 32.20 meters of 0.33% zinc, 0.20% lead and 4.4 g/ton silver.
  • 0.85 meter of 2.12% zinc, 4.29% lead, 0.27% copper and 62.5 g/ton silver.
  • 11.65 meters of 0.19% vanadium (V2O5)
PR-07-27 intersected:
  • 43.50 meters 40.9 g/ton silver, 0.20% copper, 0.14% lead, and 0.15% zinc.
  • 15 meters of 0.24% copper as well as another 15 meters of 0.22% zinc.
  • 1.5 meters of 1.80% copper and 24.3 g/ton silver.
  • 1.5 meters of 1.65% copper and 24.3 g/ton silver.
The accompanying table gives a summary of drilling highlights and assays from drill holes PR-07-11, PR-07-25, PR-07-26 and PR-07-27 at Eldorado, NT:

 

 

 

 

Copper

Lead

Zinc

Silver

Nickel

Cobalt

Vanadium

 

From

To

Interval

Cu

Pb

Zn

Ag

Ni

Co

V 2O 5

Drill Hole

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(%)

(%)

(%)

PR-07-25

3.4

215.45

212.05

-

-

-

-

-

-

0.073

3.4

6.50

3.10

0.039

0.291

0.074

1.7

0.018

0.009

0.089

8.9

10.90

2.00

0.014

0.003

0.016

0.3

0.009

0.005

0.126

12.3

13.80

1.50

0.031

0.041

0.108

1.1

0.019

0.013

0.013

16.8

66.50

49.70

0.091

0.081

0.145

2.8

0.037

0.022

0.049

20.15

22.85

2.70

0.315

0.036

0.089

2.3

0.010

0.014

0.006

56.00

57.50

1.50

0.120

1.040

1.890

14.2

0.050

0.016

0.057

60.50

66.50

6.00

0.186

0.224

0.167

11.7

0.068

0.053

0.071

63.55

65.00

1.45

0.403

0.333

0.207

39.9

0.123

0.126

0.045

74.00

83.00

9.00

0.043

0.121

0.168

1.7

0.028

0.012

0.056

88.00

89.40

1.40

0.112

0.036

0.047

1.3

0.068

0.055

0.053

99.50

101.00

1.50

0.110

0.040

0.159

1.3

0.055

0.034

0.055

110.00

111.50

1.50

0.057

0.046

0.143

1.4

0.034

0.019

0.058

141.50

144.50

3.00

0.064

0.015

0.111

0.9

0.016

0.011

0.090

162.50

167.00

4.50

0.054

0.024

0.040

0.8

0.034

0.012

0.203

173.30

174.80

1.50

0.005

0.095

0.122

0.6

0.006

0.010

0.021


 

 

 

 

Copper

Lead

Zinc

Silver

Nickel

Cobalt

Vanadium

 

From

To

Interval

Cu

Pb

Zn

Ag

Ni

Co

V 2O 5

Drill Hole

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(%)

(%)

(%)

PR-07-26

3.20

35.40

32.20

0.07

0.20

0.33

4.4

0.04

0.03

0.12

20.25

21.10

0.85

0.27

4.29

2.12

62.5

0.02

0.03

0.08

41.10

45.50

4.40

0.04

0.12

0.40

2.2

0.04

0.02

0.18

54.50

61.25

6.75

0.05

0.23

0.49

3.3

0.05

0.02

0.03

64.25

65.22

0.97

0.06

0.02

0.33

0.9

0.04

0.03

0.03

66.40

72.25

5.85

0.03

0.07

0.22

0.6

0.02

0.01

0.20

72.25

83.90

11.65

0.02

0.02

0.04

0.3

0.03

0.01

0.19

103.00

106.00

3.00

0.04

0.06

0.38

0.9

0.03

0.01

0.06

112.90

113.65

0.75

0.26

0.06

0.04

2.9

0.20

0.09

0.10

127.00

130.10

3.10

0.04

0.09

0.31

1.4

0.04

0.01

0.12

134.20

135.00

0.80

0.14

0.01

0.04

1.0

0.06

0.02

0.06

158.30

159.80

1.50

0.07

0.13

0.71

1.0

0.04

0.02

0.03

168.80

169.70

0.90

0.20

0.03

0.03

2.4

0.16

0.06

0.05

171.20

172.10

0.90

0.02

0.02

0.13

0.3

0.02

0.01

0.11

176.00

179.00

3.00

0.04

0.07

0.31

0.7

0.02

0.01

0.08

202.50

205.50

3.00

0.01

0.06

0.14

0.4

0.01

0.01

0.05

217.50

219.00

1.50

0.01

0.07

0.22

0.3

0.00

0.01

0.03


 

 

 

 

Copper

Lead

Zinc

Silver

Nickel

Cobalt

Vanadium

 

From

To

Interval

Cu

Pb

Zn

Ag

Ni

Co

V 2O 5

Drill Hole

(m)

(m)

(m)

(%)

(%)

(%)

(g/ton)

(%)

(%)

(%)

PR-07-27

6.50

8.00

1.50

0.02

0.05

0.12

1.0

0.016

0.009

0.014

11.50

55.00

43.50

0.20

0.14

0.15

40.9

0.030

0.021

0.032

31.00

32.50

1.50

0.05

1.04

0.64

4.7

0.028

0.014

0.011

44.50

46.00

1.50

1.80

0.05

0.04

24.3

0.076

0.072

0.017

52.00

53.50

1.50

1.65

0.04

0.06

21.0

0.084

0.060

0.031

49.00

64.00

15.00

0.24

0.02

0.05

3.2

0.032

0.020

0.093

71.50

79.00

7.50

0.03

0.06

0.16

0.6

0.019

0.011

0.028

80.50

82.00

1.50

0.03

0.05

0.14

0.6

0.022

0.010

0.015

91.00

92.50

1.50

0.05

0.03

0.12

0.8

0.047

0.022

0.024

98.50

113.50

15.00

0.04

0.06

0.22

1.1

0.030

0.013

0.064

94.00

101.50

7.50

0.03

0.01

0.05

0.5

0.029

0.014

0.102

113.50

117.96

4.46

0.21

0.01

0.01

1.5

0.038

0.061

0.046



ELDORADO - ECHO BAY IOCG PROJECT 2006


click to enlarge

Drilling Map 2006
The Company intersected 5.0 meters (16.5 feet) of 0.22% U308 at Eldorado. The latest results are from a recent nine-hole preliminary drill program completed in the fall of 2006. The program was designed to re-evaluate the economic potential of the former Eldorado-Echo Bay silver and uranium mines. The initial drill results from the first nine holes have discovered a new zone of hydrothermal and structurally controlled polymetallic vein breccias that are enriched in uranium, silver, gold, copper, nickel, cobalt, lead and zinc. The Eldorado uranium target is located on the Company's property, on the north side of Echo Bay. The completion of the drilling has confirmed additional widespread polymetallic and uranium mineralization. Seven drill holes intersected multiple zones of intensely altered and mineralized polymetallic breccias with disseminated and vein hosted mineralization. All drill cores were prepared, bagged and sealed by the Company's supervised personnel and were transported by plane to Acme Analytical Laboratories Ltd. ("ACME") in Yellowknife, NT where they were crushed and pulped, and then transported to ACME's main laboratories in Vancouver, British Columbia for assaying. Acme is a fully registered analytical lab for analysis by ICP-MS and ICP-FA techniques.

Highlights from significant mineralized down hole intervals from the seven new holes reporting include hole number:
  • PR-06-03 intersected 1.5 meters (4.95 feet) of 0.15% U308 and within that 1.0 meter (3.3 feet) of 0.21% U308.
  • PR-06-09 which intersected 5.0 meters (16.5 feet) of 0.22% U308 and within that 0.70% U308 over 1.5 meters (4.95 feet) as well as 1.05% U308 over 1.0 meter (3.3 feet) and 2.07% U308 over 0.5 meters (1.65 feet).
Other significant poly-metallic IOCG style mineralized down hole intervals at Eldorado/Echo Bay district include:
  • PR-06-01 which intersected 1.5 meters (4.95 feet) of 514.0 g/ton silver (16.54 ounces per ton) and 0.81% copper, 3.0 meters (9.9 feet) of 1.27% zinc and 20.8 g/ton silver, 15.37 meters (50.72 feet) of 0.61% lead, 0.35% zinc and 2.3 g/ton silver and 3.0 meters (9.9 feet) of 17.9 g/ton silver, 1.34% zinc.
  • PR-06-02 13.5 meters (44.5 feet) of 3.7 g/ton silver, 0.67% zinc and 0.18% lead, and 1.5 meters of 5.5 g/ton silver, 4.1 g/ton gold, 1.47% zinc and 0.58% lead.
Previous mining in the Eldorado-Echo Bay district (1933-1960) exploited high-grade uranium, silver and copper mineralization that occurred locally as complex polymetallic arsenide and sulfide assemblages in quartz-carbonate veins. The arsenide-sulfide veins are also typically enriched in one or more metals including silver, uranium, nickel, cobalt, bismuth, gold, zinc, lead, and radium. Economic veins are hosted within East-North-East-striking structures and an extensive IOCG style poly-metallic hydrothermal alteration system.

The accompanying table gives a summary of drilling highlights and assay results returned from seven of nine holes reporting from Eldorado, NT. No significant intervals have been reported from holes PR-06-07 and PR-06-08.


ELDORADO Drill Summary (Holes 1,2,3,4,5,6,9)
DRILL HOLE RESULTS

Drill Hole Interval Length (m) Copper (Cu) (%) Silver (Ag) (g/ton) Lead (Pb) (%) Zinc (Zn) (%)
From (m) To (m)
PR-06-01 53.77 55.27 1.50 0.26 0.7 0.01 0.01
68.77 70.27 1.50 0.03 1.6 0.25 0.10
70.27 71.77 1.50 0.05 1.6 0.07 0.29
110.45 132.45 22.00 0.07 1.9 0.16 0.29
151.95 153.95 2.00 0.06 6.4 1.06 0.97
152.95 153.95 1.00 0.09 9.4 1.95 1.43
159.95 161.45 1.50 0.05 3.6 1.75 0.75
151.95 167.32 15.37 0.06 2.3 0.61 0.35
159.95 163.95 4.00 0.04 2.7 1.28 0.42
162.95 163.95 1.00 0.07 3.8 2.07 0.27
180.32 182.32 2.00 0.08 1.4 0.08 0.33
184.32 186.32 2.00 0.09 3.7 0.17 0.64
200.82 205.32 4.50 0.06 1.0 0.11 0.23
250.00 255.00 5.00 0.03 4.2 0.13 0.33
258.00 264.00 6.00 0.03 0.5 0.11 0.32
261.00 262.50 1.50 0.04 0.8 0.18 0.44
267.00 271.50 4.50 0.15 2.0 0.25 0.60
379.50 382.50 3.00 0.04 1.0 0.03 0.22
395.50 401.50 6.00 0.02 0.7 0.05 0.19
406.00 409.00 3.00 0.04 1.0 0.11 0.25
413.50 417.00 3.50 0.14 1.3 0.00 0.01
420.00 421.50 1.50 0.05 2.7 0.20 0.95
445.50 451.50 6.00 0.05 12.7 0.31 0.75
445.50 448.50 3.00 0.04 20.8 0.50 1.27
459.00 462.00 3.00 0.03 4.1 0.11 0.81
465.00 466.50 1.50 0.81 514.0 0.01 0.05
493.50 496.50 3.00 0.09 17.9 0.34 1.34

Drill Hole Interval Length (m) Copper (Cu) (%) Silver (Ag) (g/ton) Lead (Pb) (%) Zinc (Zn) (%) Gold (Au) (g/ton)
From (m) To (m)
PR-06-02 54.0 57.0 3.00 0.05 1.9 0.09 0.21
82.5 85.5 3.00 0.05 1.4 0.10 0.14
100.5 105.0 4.50 0.04 0.4 0.00 0.01
111.0 118.5 7.50 0.07 1.0 0.13 0.16
111.0 112.5 1.50 0.10 1.9 0.47 0.47
112.5 118.5 6.00 0.06 0.8 0.04 0.08
121.5 139.5 18.00 0.04 1.4 0.18 0.37 0.22
121.5 135.0 13.50 0.04 1.5 0.21 0.42
127.5 129.0 1.50 0.19 4.5 1.08 0.77
148.5 150.0 1.50 0.04 2.6 0.08 0.19
151.5 156.0 4.50 0.05 4.4 0.32 1.37
171.0 174.0 3.00 0.07 6.2 0.36 0.46
172.5 174.0 1.50 0.08 11.7 0.65 0.70
177.0 190.5 13.50 0.07 3.7 0.18 0.67
180.0 183.0 3.00 0.10 7.5 0.37 1.50
208.5 211.5 3.00 0.01 2.1 0.32 0.22
208.5 210.0 1.50 0.01 3.4 0.56 0.27
219.0 220.5 1.50 0.08 2.6 0.13 0.50
237.0 238.5 1.50 0.09 1.2 0.16 0.26
249.0 250.5 1.50 0.13 5.5 0.58 1.47 4.1
244.5 252.0 7.50 0.12 2.7 0.18 0.45 0.82
247.5 252.0 4.50 0.11 3.3 0.28 0.71
267.0 268.5 1.50 0.20 1.7 0.04 0.35
295.5 298.5 3.00 0.11 1.4 0.09 0.02
363.0 364.5 1.50 0.36 14.1 0.02 0.03 0.20

Drill Hole Interval Length (m) (Cu) (%) (Ag) (g/ton) (Co) (%) (U3O8) (%)
From (m) To (m)
PR-06-03 175 178.5 3.5 0.26 1.4 0.01 0
228 229.5 1.5 0.68 1 0 0.15
228.5 229.5 1 1.01 1.1 0 0.21
324.5 326 1.5 0.57 1 0 0
387.5 390.5 3 0.99 4.2 0.27 0.01
387.5 388.5 1 0.09 4 0.79 0.03
388.5 390 1.5 1.81 5.6 0 0

Drill Hole Interval Length (m) (Cu) (%) (Ag) (g/ton) (Pb) (%) (Zn) (%)
From (m) To (m)
PR-06-04 71.5 73 1.5 0.04 0.6 0.02 0.09
86.5 88 1.5 0.02 0.5 0.03 0.1
92.5 95.5 3 0.02 1.1 0.21 0.42
101.5 103 1.5 0.02 1.8 0.04 0.23
175 176.5 1.5 0.03 0.5 0.01 0.12
187 188.5 1.5 0.04 1 0.02 0.12
226 227.5 1.5 0.03 0.5 0.02 0.11
236.5 239.5 3 0.03 1.9 0.08 0.18
241 242.5 1.5 0.06 0.8 0.01 0.2
301 304 3 0.1 0.2 0 0.02

Drill Hole Interval Length (m) (Cu) (%) (Ag) (g/ton) (Zn) (%)
From (m) To (m)
PR-06-05 24 25.5 1.5 0.25 0.4 0.06
115.5 120 4.5 0.03 0.6 0.18
292.5 294 1.5 0.02 0.2 0.01
356.5 359.5 3 0.36 0.4 0.02
366 367.5 1.5 0.68 0.2 0.02
370.5 385.5 15 0.11 less than 0.1 0.01
374.5 376 1.5 0.32 0.5 0.01
374.5 375 0.5 0.91 0.3 0
375.5 376 0.5 0.04 1 0.01
380 384.5 4.5 0.23 0.2 0.01
380 380.5 0.5 0.6 0.3 0.03
438.5 440 1.5 0.06 1.1 0.27
PR-06-06 99 100.5 1.5 0.19 0.7 0.03
232.5 234 1.5 0.02 0.8 0.4
283.5 286.5 3 0 0.1 0.15
288 291 3 0.01 0.4 0.54
399 406.5 7.5 0.03 0.4 0.18
403.5 406.5 3 0.02 0.4 0.2
418.5 423 4.5 0.39 1 0.02

Drill Hole Interval Length (m) (Cu) (%) (Ag) (g/ton) (Co) (%) (Pb) (%) (Zn) (%) (Ni) (%) (U3O8) (%)
From (m) To (m)
PR-06-09 105.5 110.5 5 0.18 0.5 0 0.03 0.01 0 0.22
105.5 107 1.5 0.37 0.9 0.01 0.1 0.02 0.01 0.7
106 107 1 0.54 1.3 0.01 0.15 0.01 0 1.05
106 106.5 0.5 0.95 2 0.03 0.29 0.02 0.01 2.07
108.5 110.5 2 0.17 0.4 0 0 0.01 0 0.01
128.5 131 2.5 0.5 0.2 0 0 0.02 0 0.02
129.5 130 0.5 0.73 0.3 0 0 0.02 0 0.06
378.5 380 1.5 0.03 0.1 0.01 0.01 0.2 0.01 0
387.5 389 1.5 0.36 1.5 0.01 0.07 0.08 0.01 0
419 429.5 10.5 0.03 0.4 0.01 0.02 0.22 0.01 0
428 429.5 1.5 0.05 0.8 0.01 0.02 0.55 0.01 0
450.5 453.5 3 0.36 3.1 0.2 0.02 0.08 0.04 0
450.5 452 1.5 0.58 4.7 0.38 0.02 0.05 0.06 0