EAGLEHEAD PROJECT
The Eaglehead copper-molybdenum-gold-silver project (15,956 ha), an exploration stage project is located in the Liard Mining District in northern British Columbia. District Copper placed the project on care and maintenance in late 2018 and conducted no exploration on the property in 2019.
Between 2014 and 2018, District re-logged 94 historical diamond drill holes (26,248m), sampled, re-sampled and re-analyzed 22,697m of drill core from 99 historical drill holes, completed airborne and ground geophysical surveys, preliminary rock characterization testwork and drilled six diamond drill holes (3,413m) to test the continuity of the copper-molybdenum-gold-silver mineralization in the East, Bornite and Pass zones.
Representative mineralized intervals from the various zone located within the property are set out below. (Note: The mineralized intervals below do not represent true widths)
Preliminary Metallurgical Testwork
In 2015 and 2016; preliminary rock characterization (“metallurgical”) testwork on mineralized lithologies over a range of copper grades showed that all samples responded well to conventional copper-molybdenite flotation producing a clean concentrate product with recoveries of 89.9% copper, 71.1% molybdenite, 78.6% gold, and 78.1% silver.
In 2017, Copper Fox prepared a report entitled “NI 43-101 Technical Report on the Eaglehead Project” with an Effective Date of July 10, 2017; Robert A. (Bob) Lane, M.Sc., P.Geo. as Qualified Person. The conclusions and recommendations of the Technical Report are summarized below.
- The Project is at the early to intermediate stage of exploration and hosts a calc-alkalic porphyry copper-molybdenum-gold-silver system of significance.
- A multi-parameter exploration program estimated to cost $4.95 million is warranted to more fully evaluate the potential of the Project to host an economic calc-alkalic porphyry Cu-Mo-Au-Ag deposit.
- The proposed recommended exploration program includes among other activities 11,000m of drilling, preliminary metallurgical testwork and geophysical surveys.
- Six zones of copper-molybdenum-gold-silver mineralization occur within a prospective, mineralized corridor (0.5-1.5km in width and in excess of 8km long) characterized by:
- a belt of moderate magnetic response with small, irregular-shaped moderate-to-high magnetic features that coincides with the western margin of the Eaglehead pluton;
- a 10km long, semi-continuous copper soil geochemical anomaly;
- a 6km long, open-ended chargeability-high anomaly, within which five zones of copper-molybdenum-gold-silver mineralization are located. This anomaly averages 900m wide and is open below a depth of 500m;
- a Far East zone, located approximately 3,000m from the end of the chargeability anomaly, exhibits several mineralized drill holes and a 1,000m by 1,000m copper and molybdenum soil geochemical anomaly;
- moderate-to-intense potassic (principally K-feldspar), pervasive phyllic (sericitic) and late propylitic alteration of the mineralized intrusive host rocks;
- multiple phases of mineralization, consisting primarily of chalcopyrite and bornite with minor molybdenite in quartz veins, quartz stockworks, and zones of fracturing and brecciation; and
- drilling has intersected good grades of copper-molybdenum-gold-silver over narrow-to-wide intervals (ranging from 1.5 to 521.2m) in 120 of 126 holes completed to-date
In 2018 District completed the re-logging, sampling and re-sampling of the remaining historical diamond drill holes from the East, Bornite, Pass and Camp zones. This work completes the process of cleaning up the “legacy data” issues related to the Eaglehead project. The 2018 analytical results did not materially change the previously reported analytical results for the drill holes re-sampled in 2018.