Kaslo (Emerald) Property

TSX.V: CVN

Kaslo Property, located in the Slocan Mining Division (14 km northwest of Kaslo, B.C.), consists of five contiguous tenures (see map). Cavan Ventures Inc. is operating under an option agreement with Cadre Capital Inc. of Vancouver, B.C., on this property.

The Slocan district is located in southeastern British Columbia, Canada, and was a major producer of silver, lead, zinc, copper, and gold at the turn of the last centurywhen over 300 mines were in operation. Many of the miners lived in Sandon, located approximately 30 kilometers from the property, with an additional 2,300 residents living in camps at various mine sites located throughout the area. Two cabins built for housing workers remain on the property and are in good repair to this day.

The Kaslo Property is an historic producer which has seen limited exploration over the past 100 years by various operators. Past operations and exploration on the property have included hand mining, blasting, limited geophysics, and limited shallow diamond drilling.

Property Location Map

Property Highlights

Commodity Gold
Location: 60 km northeast of Hazelton, British Columbia
Size of property: 7 claims: The seven claims that covers the area of approximately = 2508.5065 hectacres.
Status: Program of diamond drilling will follow based on the targets generated.
Ownership: Option 100% from Cadre Capital Inc.

 

 

The Kaslo Property is an historic producer which has seen limited exploration over the past 100 years by various operators. Past operations and exploration on the property have included hand mining, blasting, limited geophysics, and limited shallow diamond drilling.

Highlights To Date

The most pronounced geochemical response on the property occurs in the northwest portion of the grid area, in the vicinity of and northeast of the Emerald prospect, which is located on the extreme western edge of the grid area.

The immediate Emerald mineral zone, located at 41100N, 973100E, is well illustrated by very strong multi-element geochemical values of gold (152 ppb Au), copper (865.4 ppm Cu), silver (100 ppm Ag), antimony (404.1 ppm Sb), lead (404.1 ppm Pb) and zinc (7099.5 ppm Zn).
The western edge of the grid, bounded generally within area 40900N to 41200N and 97000E to 97400E, is considered a high priority area recommended for future exploration programs. A halo of strong soil values surrounding the Emerald prospect occurs within this area. Consistently high values in silver, lead, zinc, and antimony are found throughout this area and may suggest the presence of additional mineral zones presently unrecognized beyond the immediate known Emerald mineral workings.

A general northeast trending anomalous zone of approximately 100-200 meters in width and approximately 600 meters in length is seen to extend northeasterly from the Emerald workings area (Line 40900N), to an area east of a small lake on Line 41500N. This northeast trend is outlined by anomalous soil values, particularly high in antimony, copper, arsenic, and silver. The area east of the small lake on line 41500N is particularly interesting as a clear multi-element association is represented for lead, zinc, copper, arsenic, antimony, and gold. The multi-element anomaly along line 41500N appears to be mainly constrained between 97350E to 97600E.

There is a general low geochemical soil response for the Voyageur prospect area on the eastern portion of the grid area. The Voyageur prospect is mainly defined as a spot anomaly at 41200N, 9900E, with anomalous values in zinc (241 ppm), lead (780.2 ppm), and copper (120.5 ppm). There is a general, broad geochemical response trending northwesterly from the Voyageur area as indicated by moderate lead soil values and weak zinc values.

The main copper response on the grid area is clearly defined in the area northeast of the Emerald workings, mainly found as spot high values that are worthy of further investigation.

The area bounded by 41100N, 97400E, 41200N, 97250-97400E and 41300N, 97200-97300E contains consistently high soil values of greater than 100 ppm Cu and as high as 1182.2 ppm Cu. An interesting copper anomaly is also represented at the extreme northeast corner of the soil grid on line 41600N, between 99400-99500E, containing soil values between 127.9 ppm to 312.5 ppm copper.

There seems to little or weak correlation of gold with either the Emerald or Voyageur mineral zones; however, numerous high gold values have been obtained from rock sampling at the Voyageur prospect.

The main gold response on the grid area appears to be closely associated with the forked creek drainage area located within the central portion of the grid, which may represent a fault zone.

The main gold response on the property appears to be associated with the westerly branch of Emerald Creek. A number of the higher anomalous gold values are found within the immediate creek bed area and are considered suspect, with higher than average values due to concentration in topographical lows. There are a series of anomalous gold values (39-118 ppb Au) occurring along 9800E, from 41100N to 41400N, which should receive further investigation, as these are more likely related to an immediate bedrock source.

Although there are other spot high anomalous values and areas of broad lower soil values found throughout the grid area, the areas mentioned above are considered high priority areas for future detailed investigations.

Exploration History

Historically, the Kaslo Property has achieved production from five separate prospects (Voyageur, Emerald, Empire, Standard, and Cub) within the property boundaries. Prospects that lie within the projects claim boundaries were first staked in 1897, with sporadic production occurring up to 1979. Mineralization occurs in the Triassic Slocan Group, locally consisting primarily of black fissile phyllites with interbedded limestone, calcareous phyllites, and brown gritty quartzites.

The general structural trend is 310 degrees, dipping generally southwesterly. Greenstones and ultramafic rocks of the Permian Kaslo Group unconformably underlie the Slocan Group to the east, also hosting Ag-Pb-Zn mineralization. Satellite stocks, dikes, and sills are generally correlative with the Nelson batholith to the immediate south. Late stage lamprophyre dikes are also common.

Exploration Plans

The 2008 Kaslo Property exploration programme has been completed and the objective of the programme has been accomplished in that the large, structurally controlled gold in soil anomaly outlined by the 2006 exploration programme has been confirmed. Additionally, the company has been successful in the expansion and delineation of the anomaly which now measures over 3000 meters long and varies in width from 100 to 300 metres.

The project consisted of the collection of 1216 soil samples and 41 rock samples, the excavation of several hand-trenches, and the evaluation of several historic workings In addition, a 97 line-kilometre magnetometer survey was completed and achieved the goal of mapping geologic units and structures such as a nickel-rich, magnetic-high trend located in the northwest area of the claim group which displays a prominent magnetic high possibly related to ultramafic rocks such as oceanic ophiolites structurally emplaced within the Kaslo Group. The survey also deliniated breaks in the magnetic trend which may indicate faults.

The next phase of exploration will target the area of the main gold anomaly. This programme will consist of detailed lithological and structural mapping aimed at identifying the geological source of the soil anomalies. Specifically, mapping will concentrate on searching for and delineating listwanite, silicified volcanic rocks, quartz veins, and major fault structures.

In addition, magnetic anomalies in the area of and adjoining the main gold soil anomaly will be investigated and to determine the significance of lithologies and structures.

In the southern portion where there are fewer outcrops and easy road access, trenching across the soil anomaly will be performed to investigate the source of the anomaly.

Detailed geology, prospecting, and hand trenching will be performed in the 41800N area where gold in soil anomalies returned values of up to 922 ppb Au.

Further processing of the geophysical data will be performed to determine what processing and plotting (i.e. stacked profiles) are appropriate for interpretation.

A programme of diamond drilling will follow based on the targets generated.

 

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