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TRANSCRIPT
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M28-1506
MINERAL DEPOSITS OF THE ADAMS IAKE - BARRIERE AREA
J,
TYPE 1
TYPE 2
TYPE 3
TYPE 4
TYPE 5
Deposit tyPE:
Stratiformsulphides
Stratabounddisseminationsof sulphides
Massivesulphides
Pyrite-fluoritereplacement
Massivesulphides
Prospects
Lucky CoonMosquito King-SparJune
EBLHarper CreekBowler Creek
HiltonHomestakeBirk CreekBecaLydiaFoghorn
Rexspar
Chu Chua
Ccmoodities
Ag-Pb-Zn
CU-Pb-Ag
Au-Ag-CuZn-Pb-Ba
U-F
Cu-Co
Rock Association
clastic sedimentsin a mafic volcanicsuccession:graphitic andsiliceous phyllite,phyllitic limestone
mafic volcanics:greenschist,chloritic phyllite,sericite quartz phyllite
felsic to intermediatevolcanics:micaceous phyllite,pyritic schist
felsic to intermediatevolcanics and intrusives:pyritic schist,micaceous phyllite
basic volcanics:pillow basaltschert
Probable Age
Devonian
Devonian
Devonian toMississippian
Devonian toMississippian
pennsylvanianPermian
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MASSIVE BARITE
MASSIVE SULPHIDES...•
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REA GOLD OPTION
SURFACE GEOLOGY.... ~~. =.a- ~~..__._~._.... ~.. <-=-~_""- '~_T"__""·__·~" '~ -__~__~ •__ ....._~_, _.#~__~__, ~ ~_. ------.--- ..
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"23Mf.:rL n6 _ -~----:--r------,--_KAMAp SIlYEP CO. LIP,(kDS-V) l;'al"\ ~ .
':~ TR£HCHING PLANNED TO EXTEND - Prelfmlnary exploratory drll11ng on the northern portion of the kamad 7.810tk IIlnarel I.Zj A GEOPHYSICAL ANOMALY claIms 70 miles east of kamloops. 8.C•• has establIshed the existence of two polymetallic \'.~l sulphIde zones In a basic volcanic sequence. dfpplng northeast at 45 degreu. Th. lon'II··~4form pert of a geophysical anomaly trending southeast frOll the Rea Gold -Corporation Filconbridge Copper joint venture ~
1 into the Kamad 7 810ck and In a geological setting s11111ar to It.& 259146 8.C. Limited has advised It II extending Its exploration option on Kamad 7. Under the option. 259146 IIUlt;..:, do an additIonal 2,000 feet of dlallOnd drilling before Oct30/85 and elect befo... then whether or not to put ICINd 7,., into productIon. .·f; After spring breakup, surface trench1ng and sol1 sampllng h planned to test the extensions of the geophYllcal.. anomaly to the northwest towards the Rea Gold 1I1n.ral lon., (SEE SkETCH MAP AND ASSAY RESULTS OVERLEAF PAGE ONE)... . .10025
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-HOLE NO.
85.X7-2 100 106 0.151 0.99 2.27-4S' 120 130 0.035 0.71 1. 568S.X7-3 130 137.5 0.006 1.00 2.47-90' 160 167 0.053 1.50 1.1985.X7-4 60 68 0.058 1.68 0.85-45' lower ZOne faUlted out85.X7-5 169 171 0.114 1. 42 2.46-45' 195 210 0.020 0.53 0.83
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LI11ITED PARTNERSHIP FU~lDII!GKAJifID SILVER CO. LTD.
HARCH ZZ .1985 .--
HDLF tiD. ~I!! ill!.85.KI-2 223deg 45deg
I'1MC11/7<35 IWlAD-SllYER CO. lTD.(KOS-Y)' '" Mf '152H025 ---
~~EJt~~ATEO'fTRENCHING· ~~~~e~l :~'~h~o'Ka~dd' :a:l:~r~~~a~~~ ~:dd~zae~l~re:U:~g o~o~~:c~e~ b:o~;9~~:c:;~;yI area near Adams Lake. 70 mlles east of Kamloops. B.C. exposed I ten foot wide surface zone ~:~~r feet on strlk. fl'Oll
the m~~:n:~~n~~~sz::~Ocs~dtat1hneln:u~i:::::~~;ar~;a:~~~ ~:;/~~og~~:tanadt3;::s:~;~' ::~l~~~n:~ ~renCh;ng and SllIpllng Isbefng carrIed out.
A d1amond drIll Is on the property to test the surface zones at depth. .259146 8.C. Ltd. will hold an optIon to place the property Into productIon on undisclosed tenns. (See G.C.N.L.
No.43, page 3, March I, 1985). I'
15. x'd n!'tACH 17~ ._- -- ICqJL- 1I-5D KAHAO SILYER CO. PO,(KoS-Y) B";;)M If--
YEo/T LEAo% ZINC% Malcolm 8 Fraser.ItiTERVAL, FT. lilliE WIDTH oZ.GOLo!T QLlll.~ 2.94 3.8'3 secretary of Kamad SOyer100-104 4 ft. 0.219 1.39 1.56 2.01 Co. Ltd., reports that120-130 10 0.033 0.79 diamond drlll1ng by 259146-----------------------
----------------------------------------------------------- s 8 C has Intersected a zone hayIng a true wIdth8.C. limited on the Kamad Block In the .Adams Lake.area HE of Kamloop ~ • G~ld. Wlthln the zone. two narrower zones ofof 3ft feet of massive sulphides 1n the same rock types encountered by "amineral f zat10n were e:1countered. Drt 111n9 contHlues.
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',OMNI RESOURCES'; INC.LAKE 'PROPERTY~ KAM.:.odPs: MINNG~ ae.,
LOeAT ION .' AND ,ClA~MS MAP
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ADAMS
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l' ,\\.i-E;'Cl\OSS NEWS LETTER LTD. NO.271 (1969) (Page Two) DECEMBER 10,1%9
.,,/.;it' .[;'~·k tit \ .. '2~~ .... KAMAn SILVER CO. LTD. 8d M/...."W ::tt" INCREASED ORE RES~~RVES WARRANTS BULK SAMPLING - Supplementing information provid8d in GCNL
FOR POSSIBLE r1~SIBILITY STUDY No. 194(1969) Kamad Silver Co. Ltd" hasmade available extensive information on the
company's Homestake-silver-tarite property at Squam Bay,Adams Lake, 70 miles east of Kam100ps,B.C. ,including corrunents as recer..tly a.s 3Dec69, including the reports and interpretations of Angus G.~1ackenzie,P.Eng.,consulting mining engineer and mining geologist of 703-5th st.SW., Calgary 2, Mr. Mackenzie is a member of the Canadian Institute of Mining andMetallurgy, belongs to the Alta. and Man. Association of Professional Engineers and islicensed to practise in B.C. and Sask.He rns 30 years mining, exploration and geologicalexperience, including the various aspects of mining,metallurgy and exploration.
In his letter of 3Dec69,he says his firm of consultants is currently evaluating thedrilling program at the Adams Lake property. This involved 21 holes. The reserve estimategiven later in this item as provided in a report of October,1969, is being evaluated furtheras the c~ntrolled survey plan was recently received giving elevations, etc., for the drillingand old world ngs areas.
The consultant supplies also a rough estimate he made on newly discovered reserves inthe upper or 300 level zone in the course of drilling holes No. 5 to No. 14. These estimates,he explains, were made on this zone to give some indication of the gross value of the newlyoutlined block and they are not, he emphasizes, to be considered final figures. (The underlines a·r..~ his). He is currently having a considerable number of check assays run, particularly for BaS04(barite). These rough calculations show, he adds, that "we are looking ata considerable, newly added tormage of $40 ore, gross value."
At 9Feb69,Mr. Mackenzie classified reserves as probable or indicated ore as follows:63,809 tons Barite ore grading $21.91 per ton, 12,686 tons Quartz Schist Ore grading $97.127per ton. The calculations were based on four Kamad drill holes and old geological reports.
These calculations were on basis of recoverable silver and barite only. Prices usedwere silver $2.00 per/oz. and barite $20.00 per ton. Values for gold, copper, lead and zincwere not included. Also, an allowance was made for dilution. The reserve is reported ineight blocks with barite content between 70% and 80,% arxiallows for a 75% recovery. The silve~
values for the blocks are; 8.27 oz. per ton; 7.27 oz.per ton, 7.27, 4.56; 43.3; 66.0; 9.02and 0.90 oz.per ton. A 90% recovery factor was used in the silver reserve calculations.Mr. Mackenzie's initial report said he was convinced that the property is a potential producer and recommended a $205,000 program to include rehabilitation of the workings, dewatering of 2 old winzes and a planned underground D.D. program.
In his 3l0ct69 report, Mr. MacKenzie concludes: "With the present available data anadditional 50,000 tons of fair grade barite and quartz schist ore is added to the last oreestimate of 76,495 tons. To this may be added another possible 100,000 tons of lower gradeore(delineated by D.D.H. 's 5 to 8), the economics of which can only be determined by bulksampling and/or further drilling.
"Also showing strong possibilities is the intervening quartz sericitethe lower barite(footwall)vein and quartz-schist(hanging wall)vein. If thefrom the surface and old reports underground assays are substantiated whenbulk sampling is done, an additional reserve of about 100,000 tons of suchdiate old workings area can be looked for.
"The copper zone, located some 150 ft. vertically below 500 level, has not been fullyevaluated but shows good potential.
"To summarize. we now have approx. total reserves as follows:,,Last Reserve Estimate(February 5,1969) 76,495 tons: He notes that this estimate mustReserves Based on D.D.H. #10 to #13 50,000 tons:be taken as a "horseback" figure at thisTotal tons(essentially proven) 126,495 tons:stage. Until the geology and ore gradesPossible Lower Grade Based on D.D.H :in the old workings are properly evalu-#5 to #8 (Extrapolation) 100,000 tons: ated and some llllderground diamond dril-
Possible Fair Grade(rntervening ~artz :ling done, he is llllable to block outSericite Talc Schist) (Bulk Sampling :additional reserves above those in therequired to test this zone over its :Feb.,1969 report. However, he adds, theavailable strike length) 100,000 tons:results of the drilling to Sept.,1969,Total 200,000 tons: indicate continuity and strength inTotal Potential Tons 326,495 ;the ore zones outlined. He recommends""""""""""""""""""'" "" ""'" "that underground exploration and limitedpre-production development be initiated. Also,surface drilling should be continued. Bulk