Last Updated: November 15, 2016
2016 Exploration Program:
The 2016 program exploration program at the Pyramid Property consisted of geological and alteration mapping on the West and East Zones which revealed zoned alteration typical of porphyry copper-gold and epithermal gold deposits respectively. Regional work led to the discovery of two new zones: the Chili Zone in the SE portion of the property and Zone 37, located adjacent to the West Zone.
- Zone 37 is located 2.5km southeast of Highway 37 and is adjacent to the West Zone. It includes an area with Brucejack-style epithermal expressions, including quartz stockworks and quartz blow outs. The zone is defined by rock samples grading from background to 83 g/t Au (2.67 oz/ton) and 0.47% Cu from a narrow quartz-carbonate-chlorite vein.
- Chili Zone encompasses a 15km2 alteration assemblage located 5-10km along trend to the southeast from the West Zone. Discovery of this zone required the company to expand our land position considerably as reported in the news release dated Sept 20, 2016. The zone contains rock samples with disseminated mineralization grading from background to 0.15% Cu and background to 0.18 g/t Au. Within this zone is a large, high level alteration zone with up to 10% disseminated pyrite with intense silica and sericite development. This zone remains relatively unexplored and will be followed up with a soil geochemical, IP geophysical survey, and detailed mapping in future exploration programs.
The Company has commenced a 5-10 hole, reverse circulation (RC) drill program on the West Zone. The helicopter supported RC rig has capabilities of reaching 200m depth and will be used primarily as a reconnaissance drill that will help prioritize areas for subsequent diamond drilling. To date, four holes have been completed with the fifth hole currently in progress. The early onset of winter conditions has slowed the progress of the drilling. Upon conclusion of the RC drilling program, all samples will be shipped to SGS Labs in Vancouver for analysis.
2015 Exploration Program:
The 2015 program aimed to expand and refine the geochemical anomalies on the MT zone, provide detailed rock sampling on the MT and East zones, provide a geologic map for the MT zone, extend and refine the IP geophysical coverage at the MT and Central zones, and provide initial IP geophysical surveying at the East zone. The program included:
- 1:5000 geological mapping of the MT zone
- Volterra 3D IP survey (29.1km) over the MT and Central zones (SJ Geophysics)
- Volterra 2D IP survey (5.0km) over the East zone (SJ Geophysics)
- 983 soil samples and 236 rock samples
- The building of a fly camp located 2km south of the MT zone.
2014 Exploration Program
The 2014 survey aimed to extend the geochemical anomalies on the Chicken’s Neck Mountain Microwave Tower Zone (MT) zone, provide infill data on the Central Zone, follow up anomalous rocks at the East Zone, and provide a better understanding of the property geology. The program included:
- Volterra 3D IP survey (32.3km) over the Central and MT zones (SJ Geophysics)
- Prospecting and mapping (1:5000).
- 695 soil samples, 3 stream sediment samples, 33 rock samples
2013 Exploration Program
The initial exploration program consisted of:
- 408 line km aeromagnetic/radiometric survey (Geotech)
- Prospecting/geological mapping
- 1059 soil samples, 93 stream sediment samples, and 19 rock samples