KM (Kisgegas)

TSX.V: CVN

The Kisgegas-KM Property is located 60 kilometres north of Hazelton, 1.6 kilometres northeast of Kisgegas Peak, B.C. Canada, and situated in the Omineca Mining Division. The five claims that comprises the KM Property cover the area of approximately 946 hectares.

The area is underlain by siltstones and sandstones of the Middle Jurassic to Lower Cretaceous Bowser Lake Group intruded by granodiorite dikes and sills of the Late Cretaceous Bulkley Intrusions. Several granodiorite plugs, also of the Bulkley Intrusions, outcrop within a few hundred metres of the showings. A completed work program performed in 1987 on the Property has been described in Assessment Report 17542.

The showings consist of quartz vein stockworks and veins ranging up to 1.3 metres in width hosted within, or close to, the granodiorite dikes. They carry variable amounts of calcite and siderite, as well as pyrite, galena, sphalerite, chalcopyrite and rarely molybdenite. The work program included taking 29 samples over a strike of length of 2.5 km, as well as a bulk sample from one showings. The samples appear to indicate that the mineralization lies along 2 sub parallel E-W vein system.

The average grades of the samples assay up to 0.7% copper, 20% lead and 20% zinc as well as minor amounts of gold and silver.

A grab sample from one quartz vein assayed 0.3400 per cent copper, 1.9000 per cent lead, 0.0680 per cent zinc, 1840.0 grams per tonne silver and 0.40 gram per tonne gold (Assessment Report 17542).

The reported historical figures are non-compliant with the current NI-43-101 guidelines.

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: Expanded the area of mineralized showings to an area of 10 square kilometers, and reviewed the 2010 data in an effort to delineate diamond drilling targets.
Ownership: Option 100% from Cadre Capital Inc.

 

 

In 2009, prospecting and rock sampling were carried out over a 4 sq. km area. This work resulted in the discovery of several new high-grade zones.

The largest vein found on the property is the Gully Vein which has recently returned assays of 0.798 g/t Au with 97 g/t Ag (441036), and 1.52 g/t Au with 64 g/t Ag (441037). Samples taken of veins parallel to the Gully Vein on the margin of the dioritic stock returned 1.76 g/t Au with 109 g/t Ag (441052), and 1.25 g/t Au (441054). Approximately 200 metres northeast of this location, two samples from a previously-unsampled quartz vein at the margin of a Bulkley dike assayed 0.21 g/t Au with over 100 g/t Ag (441055), and 0.75 g/t Au (441056).

The highest assay reported from the property came from a quartz feldspar porphyry showing. A chalcopyrite-rich boulder discovered immediately below a cliff of phyllically-altered sill-like intrusive assayed 10.28 g/t Au, over 100 g/t Ag, and over 2.63% Cu (441085).

Highlights To Date

During August of 2009, a three-week program consisting of silt, soil, and rock sampling, hand-trenching, and geologic mapping was performed on the property. Resampling in areas of anomalous results identified in Assessment Report 17542 (Hooper, 1987) has verified anomalous precious and base metals values. Reconnaissance geological mapping classified all feldspar +/- quartz porphyritic intrusives into sill-like bodies and one of two dike swarms, one trending E-W, and one trending N-S.

The intrusive apophyses were found to host Pb-Zn-Ag+/-Au bearing quartz veins, which comprise the majority of mineralized occurrences. Zones of mineralized phyllic alteration within intrusive rock were identified and observed to outcrop to a greater extent on the previously unexplored north side of the property.

A later dioritic stock in the southwest of the map area contains numerous, traceable, polymetallic quartz vein occurrences. Stream sediment sampling revealed two multi-element anomalies on the slope north of Kisgegas River. Follow-up prospecting of the anomaly to the northeast of camp resulted in the discovery of mineralized boulders, and one pyritic quartz vein was sampled at source.

The multi-element anomaly immediately north of the camp uncovered a series of mineralized dikes, two areas of phyllically-altered and mineralized intrusive rock, and one example of a mineralized quartz vein intruding the sedimentary host rock, but did not fully explain the gold anomaly. (More details in 2009 Report)

The 2010 exploration programme consisted of geological mapping, trenching, and sampling which concentrated on the previously underexplored west-central portion of the property. In addition a mapping program was conducted focusing on the incipient structures which may control sill emplacement and gold mineralization in area.

Select results from the 2010 exploration programme conducted on the underexplored west-central portion of the property are listed below:

Sample ID
Au ppb
Ag
Cu
Pb
Zn
931253
294.7 ppb
286  gm/t
0.006%
2.90%
0.02%
931278
3.4 ppb
9 gm/t
0.001%
0.21%
1.08%
931279
8.9 ppb
895 gm/t
0.65%
21.87%
25.56%
931282
66.8 ppb
83 gm/t
1.71%
0.03%
0.02%
931309
0.5 ppb
278 gm/t
927.1 ppm
6576.4 ppm
937ppm
931310
78.4 ppb
3591 gm/t
1.18%
0.74%
1.54%
931316
39.8 ppb
1008 gm/t
0.53%
27.74%
15.24%
931319
19 ppb
1529 gm/t
0.17%
44.13%
10.48%
934401
2474.1 ppb
346 gm/t
1.29%
0.39%
0.02%
934402
2407.1 ppb
409 gm/t
2.64%
0.17%
0.01%
943403
1599.9 ppb
662 gm/t
7.08%
0.37%
32 ppm
934405
392.4 ppb
61.5 ppm
1024.4 ppm
>10000.0 ppm
5302 ppm
934406
132.6 ppb
100 gm/t
1.59%
0.23%
0.71%
934408
669.3 ppb
2.9ppm
0.006%
0.02%
0.04%
934409
168.2 ppb
11 ppm
0.022%
0.14%
3.07%

 

 

Historical Exploration

Reconnaissance-style mapping and sampling by D.G. Hooper in 1987 (Minfile Report #17542) is the only reported work known on the KM Claim Group. In his 1987 report, Hooper states that five days were spent on the property during which geologic mapping and prospecting were performed.

Twenty-nine grab-samples of primarily quartz vein material containing galena, sphalerite, chalcopyrite, and pyrite were collected along a 2.4-kilometer strike from the south side of the property. Resulting highlights from the assays include 1840 g/t Ag with 0.4 g/t gold (#51517), 670 g/t Ag with 1.54 g/t Au (#51503), and 112 g/t Ag with 0.6 g/t Au (#51522).

The report concludes that high silver values are in accordance with high base metal values. The report also recommends that future mapping concentrate on locations of high vein density, and that sampling of host rock that may carry disseminated sulphides or may be incorporated in densely-veinleted stockworks should be performed to assess economically-viable zones.

Exploration Plans

In August 2010, the company has commenced an aggressive program of geology, prospecting, sampling, and trenching to delineate targets for diamond drilling.

The 2010 program will consist of the following:

  • Further reconnaissance prospecting and geological mapping on the north side of the property.
  • Trenching and sampling of previously and newly identified anomalous areas.
  • Mapping and systematic sampling of the traceable, numerous, relatively-thick mineralized quartz veins cutting the diorite stock west of the Gully Vein. The continuity of these mineralized veins will be an important factor in grade estimation.

Further outcrop-scale mapping with a focus on early structures that may control mineralization in the main sill areas will help predict and find potentially economically-viable intercepts. These veins are structurally-controlled and a comprehensive understanding of these early structures is required.

 

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