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SUMMARIES
OF ALL PROPERTIES
The
resource estimates listed below have not
been verified and accordingly may vary
significantly. They have been taken from
government files or internal reports and
must be considered historic. References
are provided for the sources in each instance.
FROM
WEST TO EAST
HANSON
LAKE CAMP
•
Hanson Lake – Hanson Lake
Area, Saskatchewan
o 1 Former
Producing VMS Deposit 1967-1969
o 162,000
tons averaging 10% Zn, 5.8% Pb, 0.5% Cu.
and 4.0 oz/t Ag.
o Undisclosed
tonnage of unmined resource exist below
mine workings
o 2VMS
occurrences, large alteration zone south
of former mine
o
2 km of untested to poorly tested mine
horizon.
Reference:
1991, Hanson Lake Mine, NTS 63L/10NW,
Open File Report 91-1, Saskatchewan Energy
and Mines, Saskatchewan Geological Survey.
•
Radar Property
This property is located 70 kilometres
west of Flin Flon, in Saskatchewan and
consists of three claims (576
hectares). One additional claim, previously
acquired by staking by Copper Reef, is
contiguous to
the Radar property to the north. The property
hosts two poorly defined copper zones.
Radar Highlights
o North
zone
The best intersection was 2.72 per cent
copper, 5.9 grams per tonne silver and
0.31 gram
per tonne gold over 3.4 metres.
o South
zone
The best intersection was 1.46 per cent
copper, 5.4 grams per tonne silver and
0.9 gram
per tonne gold over 3.7 metres Downhole
pulse electromagnetic data suggest that
stronger conductors lie to
the south at depth.
FLIN
FLON CAMP
• Big Island Property Group
– Big Island East, Bartley Lake
Properties
o 1VMS
zone, best intersection was 22.44% Zn,
0.58% Cu, 2.73 oz Ag and 0.17 oz Au/ 40.67
feet
o Untested
Spectrum Airborne on same horizon toward
Trout Lake Mine.
o 2 km
east from HBMS’ Trout Lake Mine
(approximately 20,000,000 tons)
o Has on
strike stratigraphy and same lithologies
as the McBratney Lake (PGE) occurrence
500 m to the south,
best drill intercept of 8.9 g/t Pd, 1.6
g/t Pt , 1.6% Cu and 1,2% Ni (Hudson Bay’s
McBratney Occurrence)
Reference: Gale, G.H., and Eccles, D.R.,
1988. Mineral deposits and occurrences
in the Flin Flon Area, Manitoba, NTS 63K/13:
Part I, Mikanagan Lake Area (63K/13SE),
Mineral Deposit Series Report No. 1. Manitoba
Energy and Mines, pg. 131.
•
Smelter Property (Wax Claims)
Location:
Flin Flon, main mine area (276 hectares)
These claims lie approximately 200 metres
north of the Callinan orebody and one
kilometre
north of the Triple Seven orebody which
are presently being mined. The property
contains the
same geological units as the mine stratigraphy.
Copper Reef is planning deep-penetrating
geophysical surveys to be followed immediately
by drilling this fall and winter. Only
one hole
has ever been drilled into the property
and that hole was shut down prior to intersecting
the key
mine unit. This property is considered
by Copper Reef's management and colleagues
in the area
as the most exciting exploration target
in the region. Please see the detail map
showing the
smelter claim area on the company's website.
•
BBS Property Group – Big
Island West, Bib and Steeves Properties
Flin Flon
o Large
(1000 m x 200 m) VMS style alteration
system in rhyolites
o
Best intercept 1.20% Cu, 2.10 % Zn, 0.90
g/t Au, 16.1 g/t Ag / 2m
o The Trout
Lake deposit (~20 Mt @ 1.80% Cu, 5.60%
Zn, 1.70 g/t Au and 17.4 g/t Ag) is located
4 kilometres NW
along strike of the property
o 5VMS
occurrences, 3 km east of Flin Flon
References: Gale, G.H., and Eccles, D.R.,
1988. Mineral deposits and occurrences
in the Flin Flon Area, Manitoba, NTS 63K/13:
Part II, Mikanagan Lake Area (63K/13SW),
Mineral Deposit Series Report No. 2. Manitoba
Energy and Mines, pgs. 35-39. Internal
Report by Aur Resources
•
Lucille Lake – Flin Flon,
Manitoba
o 1 Copper
VMS Occurrence, May Zone
o Best
intersection 3.06% cu/ 5.5 m
o Other
intersections 1.4% Cu/ 13.1 m, 1.83% Cu/
8.2 m, 2.14% Cu/ 4.5 m,1.40% Cu/ 9.1 m
Reference: Gale, G.H., and Norquay, L.I.,
1996. Mineral deposits and occurrences
in the Cranberry Portage Area, Manitoba,
NTS 63K11. Mineral Deposit Series Report
No. 16. Manitoba Energy and Mines, pgs.
31-39.
•
Leo Lake Property Group (Lew,
Alberts, Mike, Mur, and Amulet Properties)
o 20 km
East of Flin Flon, Baker Patton Felsic
Complex
o 6 VMS
zones, 5 Au zones, >20 Au occurrences
o Alberts
Lake Gold Zone (Alberts Property): Values
up to 125 g/t Au were noted in Grab Samples.
The best intersection
was 10.89 g/t Au over 9.0 metres at 225
metres vertical depth. Approximately 60
holes have been
drilled into the zone. It has been tested
over a 500 metre strike length, and to
a depth of 325 metres.
to Wally Occurrence (Alberts Property):
100 tonnes at 16 g/t Au removed. Trenches
samples returned 11.24 g/t
Au and 54 g/t Ag over 1.2 metres. A Grab
Sample of mineralized rubble from the
same trench returned 37.24
g/t Au and 61 g/t Ag. Two Granges drill
holes, which tested the vein obtained
shallow (<18 metres vertical)
intersections of 5.32 g/t Au over 0.5
metres (AL-75) and 3.00 g/t Au over 1
metre (AL-77).
o Gwynne
Zone (Alberts Property): Surface samples
from the shear yield high grade gold values
(3.54 g/t Au up
to 124.1 g/t Au. Values up to 3.0 metres
at 10.39 g/t Au, 18.0 g/t Ag were yielded
from drilling.
o Amulet
VMS Occurrences (Amulet Property) - best
intercept 2.18% Cu and 0.90 % Zn over
2.6 metres in drill hole
o Leo Lake
Occurrence (Lew Property) 79,417 metric
tonnes (non 43-101) at 3.65% Cu and 1.94%
Zn. The best interval
from the 1997 drilling program, an intersection
of the 24 zone in hole 97-Lw-3, returned
8.44% Cu, 0.03%
Zn, 6.0 g/t Ag, and 0.77 g/t Au over 7.3
metres (true width 4.2 metres
o 159 Zone
(Lew Property): 3.10% Cu, 10.50% Zn, 10.4
g/t Ag, and 1.28 g/t Au, over a core length
of 1.5 metres.
Short strike length zone open down-plunge.
Possibility that 159 zone and Leo Lake
deposit may intersect
at depth
o Lion
Zone- (Lew Property): Geological resources
of 58,500 tonnes at 22.28 g/t Au (38,600
oz Au). Deposit still
open
o Lew Zone
(Lew Property): High grade Au Mineralization
occurs ( up to 137 g Au /t over 0.9 metres
– V.G. noted
in log) in several thin sections, but
they appear to be discontinuous pods of
very narrow width.
Reference: Gale, G.H., and Eccles, D.R.,
1988. Mineral deposits and occurrences
in the Flin Flon Area, Manitoba, NTS 63K/13:
Part 1, Mikanagan Lake Area (63K/13SE).
Mineral Deposit Series Report No. 1. Manitoba
Energy and Mines, pgs. 31-34.
•
Jewel Box - Flin Flon, Manitoba
o 1 gold occurrence,
high grade narrow quartz carbonate vein
o 30km
East of Flin Flon, near Sherridon Railway
Line
o Best
intersections are in core length:
198 g/t Au / 10 cm (DDH-11)
516 g/t Au /25 cm (DDH-12)
143 g/t Au /28 cm (DDH-13)
Reference: Gale, G.H., and Norquay, L.I.,
1996. Mineral deposits and occurrences
in the Cranberry Portage Area, Manitoba,
NTS 63K/11. Mineral Deposit Series Report
No. 16. Manitoba Energy and Mines, pgs.
45-46.
SHERRIDON CAMP
• Kiss Property Sherridon Area
, Flin Flon Belt, Manitoba
o 2 km
long gold zone 0.5- 5.2 g/t Au from surface
Grab Samples
o Discovered
by Aur Resources when that company operated
in the Flin Flon area
o No drill
holes
Reference: Internal Report by Aur Resources
•
Kississing Property Sherridon Area
, Flin Flon Belt, Manitoba
o 1 VMS
(Ideal) zone, open down plunge
o Sherridon
ore bodies (8.5 million tons @ 2.37% Cu,
2.28% Zn, 21.0 g/t Ag and 0.70 g/t Au)
located five kilometres
east of the property
o Best
Intersections:
1.50% Cu, 20.00% Zn, 4.5% Pb, and 189
g/t Ag / 3.1m
0.76% Cu, 12.50% Zn, 3.7% Pb, and 155
g/t Ag / 0.6m
1.65% Cu, 3.88% Zn, and 0.65 g/t Ag /
1.5 m
2.70% Cu, 6.90% g/t Au / 2.0 m
Reference: Ostry, G., Athayda, P., and
Trembath, G.D., 1998. Mineral deposits
and occurrences in the Serridon Area,
Manitoba, NTS 63N/3. Mineral Deposit Series
Report No. 17. Manitoba Energy and Mines,
pgs 33-38.
SNOW
LAKE- REED LAKE CAMP - Morgan
Lake Snow Lake, Manitoba
Morgan Deposit
o Approximately,
200,000 tonnes grading 8% Zn. Likely that
the deposit plunges to the north. This
area has never
been tested.
Finlayson Find Gold Occurrence:
o Best
intersection: 19.95 g/t Au over 2.3 metres.
Blue Zone:
o Best
intersection: 5.76 g/t Au over 0.6 metres
Reference: Fedikow, M.A.F., Ostry, G.,
Ferreira, K.J., and Galley, A.G., 1989.
Mineral deposits and occurrences in the
File Lake Area, Manitoba, NTS 63K16. Mineral
Deposit Series Report No. 5.. Manitoba
Energy and Mines, pgs. 81-86.
Sherlynn
Property
o Location:
Lynn Lake belt, near airport (1,371 hectares)
The property, consisting of 22 leased
claims, is located four kilometres north
of the city of Lynn Lake at Beige Lake.
Sherlynn
Highlights
o
The Goodenough copper deposit was drilled
by Sherritt Gordon in the 1950s.
They outlined 165,000 tonnes (historic
and non-43-101-compliant) of 2.63 per
cent copper, 1.21
per cent zinc and 2.06 grams per tonne
gold. Granges in the late 1970s upped
the historic
resource (also not 43-101-compliant) to
330,000 tonnes of 2.48 per cent copper,
0.62 per cent
zinc, 24.88 grams per tonne silver and
1.49 grams per tonne gold. The drilling
outlined the
mineralization down to 325 metres vertically
and it has a strike length of 500 metres
at surface
with an average width of two to three
metres.
o The
Barbara zinc zone is located 400 metres
south of the Goodenough copper zone
and is a poorly defined zone of semi-massive
sulphides of pyrite, sphalerite and chalcopyrite.
It
has a strike length of 500 metres, with
the deepest intersection down to 325 metres.
Soil enzyme
leach anomalies and TEM magnetic anomalies
suggest an addition to the zone may extend
400
metres south of any drilling to date.
Deeper drilling was recommended by Aur
Resources.
Some of the better historic results:
o Intersected
0.42 per cent copper, 2.77 per cent zinc,
17.8 grams per tonne silver and
0.6 gram per tonne gold over 6.1 metres
(true width);
o Intersected
0.21 per cent copper, 2.84 per cent zinc,
4.98 grams per tonne silver and
0.20 gram per tonne gold over 4.1 metres
(true width);
o Intersected
420 grams per tonne silver and 12.69 grams
per tonne gold over 0.8 metre
(in a black argillite unit).
Counsell
Property
This property is located 20 kilometres
southwest of Lynn Lake where the Hudson
Bay
rail line runs through the property. The
property consists of 16 claims (2,586
hectares). Twenty
drill holes into the property have outlined
four poorly defined mineralized zones.
Counsell
Highlights
o Boiley
Lake zone
o
Intersected 3.6 per cent copper and one
gram per tonne gold over three metres
(2.9-metre true width);
o Intersected
3.4 per cent copper and 1.1 grams per
tonne gold over 2.1 metres
(1.8-metre true width)
o Intersected
3.3 per cent copper and two grams per
tonne gold over 1.8 metres
(1.8-metre true width)
o Downhole
pulse data suggest a two-to-three-times-stronger
conductive body at depth which is
undrilled.
o Sell
6 zone
The best intersection was 0.8 per cent
copper over 3.6 metres
(2.6-metre true width).
o Counsel
Lake zone
The best intersection was 3.7 per cent
copper and 0.8 gram per tonne gold over
five metres
(2.9-metre true width).
o Sell
12 zone
The best intersection was 1.1 per cent
copper over 5.9 metres(4.2-metre true
width).
o Cook
Lake Property
This property is located 15 kilometres
west of Snow Lake, Man., and consists
of two
separate non-contiguous claims.
Cook
Lake Highlights
o Cook
Lake property
This claim is located two kilometres west
of the large new Lalor deposit presently
being
developed by Hudson Bay. It is thought
that this claim may contain the down-plunge
extension
of the Pen 2 zone (owned by Hudbay Minerals)
which hosts approximately 665,000 tonnes
of 8.3
per cent zinc only 200 metres to the southwest
of the Cook Lake property.
o Irene
claim
This claim is located just a few hundred
metres north of Copper Reef's 100-per-cent
wholly owned Woosey Lake property, where
Copper Reef is planning to drill two new
VTEM
anomalies this winter. The mineralization
on the Irene claims appears to be separate
anomalies
from the targets on the Woosey claims.
The Irene claims contain two poorly defined
areas of
mineralization.
o Irene
Lake zone
The best intersection was 4.58 per cent
copper, 3.82 per cent zinc, 38.8 grams
per tonne
silver and 1.5 grams per tonne gold over
0.5 metre.
o SCC
zone
This zone contained a 5.1-metre-thick
unit of low-grade (1 per cent) copper
and zinc massive sulphide.
NORTH
STAR PROPERTY GROUP - Snow
Lake, Manitoba
North Star Mining Lease,
North Star, Star and Murr Properties
o All weather
road to site, Environmental surveys completed
o Underground
development to 100 foot level via ramp
o 43-101
indicated resource of 19,100 tonnes of
10.6 g/t gold
o Non 43-101
inferred resource of approximately 85,000
tonnes of similar grade calculated by
Foran Engineers.
o Blast
holes from 400 drill holes from a surface
bulk sample gave a average undiluted grade
of 0.36 oz/ t Au and
underground sampling of faces gave an
average grade of ).29 oz/t Au over 2.2
m
o More
drilling would be needed to prove up other
resources and additional zones
Gold Rock Mining Lease
o Lies
on strike on the same shear as the North
Star deposit
o Contains
high grade veins similar to North Star
o Stockwell
(GSC-1935) reports two adjacent sections
of the vein: 17 m long averaging 14.9
g/t Au across an average
width of 0.95 m; and a 52 m long section
averaging 39.4 g/t Au across an average
width of 0.36 m.
Sewell
Lake Property
o Located
on strike in same felsic package as former
Dickstone Mine and to the north of VMS’s
Reed Lake discovery.
o All weather
road runs through property.
o Contains
a number of untested HLEM anomalies
o 1 km
south of former Dickstone copper zinc
mine which produced 775,210 tonnes of
ore at a average grade of
2.4% copper, 3.12% zinc, 12.5g/t silver,
0.58 g/t gold and 0.8 % tin, Measured
and indicated reserves remaining
unmined averaged 2.43% copper, 4.5% zinc,
10.6 g/t silver, and 0.41 g/t gold.
Reference: Heine, T.H., 2003. Mineral
deposits and occurrences in the Elbow
Lake Area, Manitoba, NTS 63K15. Mineral
Deposit Series Report No. 30. Manitoba
Energy and Mines, pgs. 103-148. |