alaska exploration update - minerals northmineralsnorth.ca/pdf/mackenzie/rob mcleod4.210.pdf ·...
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Alaska Exploration Update
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OverviewOverview
•• Five Copper Five Copper –– Gold, One Gold, One Uranium and Four Gold Uranium and Four Gold ProjectsProjects
•• All Projects Drill ReadyAll Projects Drill Ready•• Three Joint VenturesThree Joint Ventures•• Evaluating New ProjectsEvaluating New Projects•• Major Presence in Major Presence in
AlaskaAlaska
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AlaskaAlaska
•• 250,000 Sq. Miles Open For Exploration 250,000 Sq. Miles Open For Exploration ((size of Chile and twice the size of Nevada)size of Chile and twice the size of Nevada)
•• World Class Mineral EndowmentWorld Class Mineral Endowment•• ProPro--Mining GovernmentMining Government•• New Infrastructure ProposedNew Infrastructure Proposed•• 12 For Profit Native Corporations (1971) 12 For Profit Native Corporations (1971)
44 Million Acres Available For Exploration44 Million Acres Available For Exploration
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Alaska ProjectsAlaska Projects
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TintinaTintina Gold BeltGold BeltMines and Major DepositsMines and Major Deposits
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Central Alaska Regional Central Alaska Regional GeologyGeology
0 100 km
Scale
Denali Fault
Volcanic Fields
Granite-Porphyries
Kuskokwim Group
Yukon Flysch Basin
Pericratonic Terranes
Oceanic Terranes
Cratonic Terranes
Arc and Flyschoid Terranes
Right Lateral Faults
Gold Mines and Prospects
Volc-Plutonic Complex
Ocean
Nixon-Idita
rod Fault
Kuskokwim River
GanesGanesCreekCreek
DonlinDonlinCreekCreek
McGrathMcGrath
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Ganes Creek GoldGanes Creek GoldTotal Wt. 18 ozTotal Wt. 18 oz11 oz gold11 oz gold
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Ganes Creek Gold 2003 Ganes Creek Gold 2003 Prospector DiscoveriesProspector Discoveries
Gold in Quartz
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88 oz and 23 oz Gold and 88 oz and 23 oz Gold and Quartz Cobbles, July 2004Quartz Cobbles, July 2004
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Ganes Creek Gold ProjectGanes Creek Gold Project
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2004 Field Work2004 Field Work
•• Detailed Structural Detailed Structural MappingMapping
•• 1,600 Soil Samples on 1,600 Soil Samples on 50m by 100m grid50m by 100m grid
•• 150m Mechanical 150m Mechanical TrenchingTrenching
•• ProspectingProspecting•• 3,000 3,000 –– 5,000m Drilling 5,000m Drilling
Scheduled for 2005Scheduled for 2005
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Ganes Creek Gold ProjectGanes Creek Gold Project
•• OffOff--set of Donlin Creek set of Donlin Creek Complex Complex --130 km SW130 km SW
•• 1.1 Million oz. Pre1.1 Million oz. Pre--mining mining Placer Gold ResourcePlacer Gold Resource
•• 55thth Largest Nugget in Largest Nugget in Alaska HistoryAlaska History
•• Ultra HighUltra High--Grade Quartz Grade Quartz and Native Gold Boulders and Native Gold Boulders
•• HighHigh--Grade Target Never Grade Target Never Previously ExploredPreviously Explored
•• Drill ReadyDrill Ready 64 oz quartz /Au Boulder - (1633 oz/ton)64 oz quartz /Au Boulder - (1633 oz/ton)
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Ring of FireRing of Fire
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SW AlaskaSW AlaskaPorphyry and Epithermal BeltPorphyry and Epithermal Belt
•• Option to earn 100% Option to earn 100% in 4 projects, totaling in 4 projects, totaling over 1.4 million acresover 1.4 million acres
•• Potential for Potential for Epithermal Au and Epithermal Au and Porphyry CuPorphyry Cu--AuAu
•• Cretaceous through Cretaceous through Tertiary Age potentialTertiary Age potential
•• Limited Modern Limited Modern ExplorationExploration
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ChignikChignik OccurrencesOccurrences
_̂
_̂_̂_̂ _̂
_̂_̂
_̂_̂_̂_̂
450000.000000
450000.000000
500000.000000
500000.000000
550000.000000
550000.000000
600000.000000
600000.000000
6200
000.0
0000
0
6200
000.0
0000
0
6250
000.0
0000
0
6250
000.0
0000
0
6300
000.0
0000
0
6300
000.0
0000
0
µ
0 14,000 28,000 42,000 56,0007,000Meters
ManhattanHigh-Sulphidation Epithermal0.6 opt Au, 16.3 opt Ag
Bee Creek Porphyry Cu-Au4.4 g/t Au 144.0 g/t Ag4 ddh to 150m 0.25% Cu
Warner Bay/Mallard Duck BayPorphyry and Epitherrmal Systemsto 5.7% Cu, 10.7 g/t Au, 720 g/t Ag
Kawisgag Porphry Cu-AuPotassic core.17% Cu 6.7 g/t Au, 0.024%Mo
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Port Port MollerMoller RegionalRegional
_̂
_̂_̂_̂
_̂ _̂
_̂
_̂
_̂ _̂
_̂
_̂
_̂_̂
Mt Dana Au
Aguilla Au
Shumagin Au
Propalof AuRed Cove Au
Orange Mt Au
Nagai Isl Au
Sitka Au Mine
Centennial Au
Kawisgag Mt Au
Pyramid Por Cu
Mud BaY Por Cu
Apollo Au Mine
Zackery Bay Por Cu
San Diago Bay Por Cu
350000.000000
350000.000000
400000.000000
400000.000000
450000.000000
450000.000000
6100
000.0
0000
0
6100
000.0
0000
0
6150
000.0
0000
0
6150
000.0
0000
0
6200
000.0
0000
0
6200
000.0
0000
0µ
Legend
_̂ prospects
Bristol Bay Lands
Port Moller Land StatusSTATUS_TYP
Native Patent or IC
Native Selected
Simplified LithologyLITH1
Ign-Plut
Ign-Volc
Sed
Unconsol0 11,000 22,000 33,000 44,0005,500
Meters
Pyramid Deposit:125 million tons 0.4% Cu0.025% Mo, ?? Au
Centennial Deposit:289,000 oz. Au at 1.5 g/t
Shumagin Deposit:224,000 oz. Au at 24.8 g/t
Sand Point
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Pyramid GeologyPyramid Geology
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Pyramid Deposit Pyramid Deposit –– Drill ReadyDrill Ready((100 Metres 100 Metres –– Oxidized)Oxidized)
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Pebble South Pebble South Land PackageLand Package
((370 Sq, Km)370 Sq, Km)
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2005 Exploration Plans2005 Exploration Plans
•• 2,000m+ diamond 2,000m+ diamond drillingdrilling
•• 3D IP geophysical 3D IP geophysical surveyssurveys
•• Soil SamplingSoil Sampling•• Geologic Mapping, Geologic Mapping,
ProspectingProspecting
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Kamishak Property, AlaskaKamishak Property, Alaska100% Full Metal Minerals100% Full Metal Minerals
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Lucky Shot PropertyLucky Shot Property
%%
%
Fairbanks
Anchorage
Lucky ShotLucky Shot
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Lucky Shot Gold Project Lucky Shot Gold Project
•• 22ndnd largest historic Alaska largest historic Alaska Lode Producer (>620,000 Lode Producer (>620,000 oz. Au)oz. Au)
•• Minimal modern Minimal modern explorationexploration
•• Intercepts up to 24.6 oz/ton Intercepts up to 24.6 oz/ton Au over 0.8’Au over 0.8’
•• Excellent Access and Excellent Access and InfrastructureInfrastructure
•• New Geologic Model New Geologic Model appliedapplied
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Boulder CreekBoulder Creek(30% FMM / 70% GRC)(30% FMM / 70% GRC)
•• Alaska Largest Alaska Largest Undeveloped Undeveloped Uranium DepositUranium Deposit
•• 1 million lbs U3O8 1 million lbs U3O8 average grade 0.27%average grade 0.27%
•• Resource Open for Resource Open for ExpansionExpansion
•• Multiple Regional Multiple Regional targetstargets
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Nunavut ProjectsNunavut Projects
#
#
Yellowknife#S #S
ÊÚ
ÊÚRankin Inlet
Arcadia
Mac & Cache
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Full Metal Minerals Full Metal Minerals 8 Million Market Cap8 Million Market Cap
•• One of Alaska’s Largest Land Holdings One of Alaska’s Largest Land Holdings •• Exposure to Gold, Copper, and Uranium Exposure to Gold, Copper, and Uranium •• Ganes Cr. and South Pebble: Potential for a World Class Ganes Cr. and South Pebble: Potential for a World Class
DiscoveryDiscovery•• Aleutian Islands Aleutian Islands –– Unique Exploration Opportunity Unique Exploration Opportunity •• Four Four –– Six Properties to be Drilled in 2005Six Properties to be Drilled in 2005•• Lucky Shot, Arcadia Lucky Shot, Arcadia -- Near Term Production PotentialNear Term Production Potential•• Potential Acquisitions: Gold, Copper and Coal Potential Acquisitions: Gold, Copper and Coal •• Three Joint VenturesThree Joint Ventures•• Two Canadian Gold ProjectsTwo Canadian Gold Projects