Projects

Highlights

• The 137.3 km² road accessible property is located 65 km west of Dawson City, in the headwaters of the Sixtymile placer gold camp.
• 30 distinct silver-lead-gold ± copper ± zinc veins identified to-date over a 15 km strike length and 450 m vertical extent in topography.
  • Only 3.5% or 590 m of the known strike length of veins has been coarsely drilled near surface.
• Rock samples grade up to 4,410 g/t silver, 82.5% lead, 10.90 g/t gold, 7.2% zinc and 1.98% copper.
• 4 copper±molybdenum porphyry targets along a 13 km trend

Highlight Diamond Drill Results

Intersected widths are estimated to be 70-90% of true widths. *Historic diamond drill holes have not been independently verified.

Connaught Geology

The Connaught project lies within the northeast-trending 150 km long Sixtymile-Pika fault system which controlled Late Cretaceous magmatism, hydrothermal activity and associated porphyry, skarn and epithermal mineralization in Yukon and Alaska. It is underlain by Yukon-Tanana Terrane, composed of continental margin sediments, island arc volcanics and coeval intrusions, which were metamorphosed and deformed during accretion to the North American continent during Mesozoic times. In the Sixtymile district, the Yukon-Tanana Terrane is subdivided into two stratigraphic elements (the Nasina and Klondike Schist Assemblages) and a metaplutonic package (the South Fiftymile Batholith). The Yukon-Tanana units are intruded by undeformed, Late Cretaceous plugs and stocks, including the Prospector Mountain Suite. The geology in the vicinity of the Connaught project can be divided into two main domains. The southern domain is underlain by the South Fiftymile Batholith while the northern domain contains supracrustal rocks of the Nasina and Klondike Schist Assemblages.

Vein Mineralization

The Connaught project has historically been explored as a high-grade silver-lead-zinc-copper-gold vein prospect modelled after the highly productive mines in the Keno Hill district, located about 250 km to the east. Known vein zones are hosted by dilatent fault structures up to several metres in thickness. Individual veins have been traced for lengths in excess of 3,000 m and most are open in both directions along strike and to depth. Typical vein exposures consist of multiphase quartz that is variable mineralized with blebby to massive arsenopyrite+galena ± chalcopyrite ± covellite ± stibnite ± sulphosalts. Massive galena ± anglesite lenses are intermittently exposed in the core of some veins. The galena is usually coarsely cubic and contains scattered blebs of chalcopyrite. Anglesite weathered surfaces often exhibit botryoidal textures and some show shear textures. The veins and their selvages are usually light coloured compared to the surrounding units and are often tinted green, because of oxidization of arsenopyrite to scorodite and sericitization of mafic minerals. Bleached phyllic- and argillic-altered halos extend up to six metres into adjacent wallrocks. Gold is present in all of the veins but much of the historic work did not systematically evaluate it.

Porphyry Mineralization Potential

The Late Cretaceous Prospector Mountain Suite rocks observed to date include multiple phases of intrusive stocks, dykes and breccias including: equigranular quartz monzonite, quartz monzonite porphyry, quartz latite and intrusion breccia. Copper mineralization observed to date includes disseminated and fracture coated malachite-tenorite ± azurite within a quartz monzonite porphyry, disseminated chalcopyrite-pyrite within an intrusion breccia and disseminated malachite-tenorite within a quartz latite dyke. The copper mineralized rocks at surface are intensely weathered, are commonly stained orange, yellow and/or brown by iron oxides and clays and are friable to the touch and are interpreted as a copper depleted leached cap. An initial RC drill program in 2022 encountered broad zones of elevated copper and molybdenum, including 67.06 m of 0.10% copper with 114 ppm molybdenum.