CHRIS PAUL [email protected]604-721-7896 SPIUS PROPERTY FACT SHEET – FEB 2016 COPPER-MOLY PORPHYRY - Merritt, BC The Spius Property is located within BC’s Southern Quesnellia Terrane, which is host to numerous significant porphyry deposits including Highland Valley Copper, Copper Mountain, Prosperity, Afton, Ajax, Gibraltar, Mt Polley and Mt Milligan to name a few. Historic soil sampling by Canadian Occidental Petroleum Ltd. uncovered an extremely anomalous zone of Cu-in-soil up to 4640 ppm approximately 1 km in diameter and open in all directions (AR06145, 33913). Molybdenum up to 230 ppm occurs on the western flank of the copper anomaly. Historic drilling at the time focused on the high Mo to the west and a chargeability anomaly but avoided the bulk of the copper anomaly. The results of this drilling are not publicly available. The Property has good forestry road access, with many new roads constructed since the previous historical work programs. It is located in Southern BC, 40 km from the city of Merritt, with excellent infrastructure for mine development including major rail, highways and grid power. MIKE BLADY [email protected]604-720-3474 CONTACTS *NOTICE - BC MINERAL CLAIMS MAY ONLY BE USED FOR MINERAL EXPLORATION
SPIUS PROPERTY FACT SHEET – FEB 2016COPPER-MOLY PORPHYRY - Merritt, BC
The Spius Property is located within BC’s Southern Quesnellia Terrane, which is host to numerous significant porphyry deposits including Highland Valley Copper, Copper Mountain, Prosperity, Afton, Ajax, Gibraltar, Mt Polley and Mt Milligan to name a few. Historic soil sampling by Canadian Occidental Petroleum Ltd. uncovered an extremely anomalous zone of Cu-in-soil up to 4640 ppm approximately 1 km in diameter and open in all directions (AR06145, 33913). Molybdenum up to 230 ppm occurs on the western flank of the copper anomaly. Historic drilling at the time focused on the high Mo to the west and a chargeability anomaly but avoided the bulk of the copper anomaly. The results of this drilling are not publicly available.
The Property has good forestry road access, with many new roads constructed since the previous historical work programs. It is located in Southern BC, 40 km from the city of Merritt, with excellent infrastructure for mine development including major rail, highways and grid power.
LocationThe Property is located in southwestern British Columbia, at 49°55’17” N latitude and 121°16’05” W longitude. The Property lies 40 km southwest of Merritt, along the eastern edge of the rugged Coast Mountains. Elevations range from 800 to 1,940 masl. The claims cover a south facing slope overlooking the upper Spius Creek, which empties into the Coldwater River. Most of the rock outcrop is limited to the higher elevations and creek valleys. Depending on elevation, seasonal exploration surveys can commence from about early April to mid-May and normally end by late October. Drilling can occur year round.
AccessThe Property is accessible by road from Merritt on the Coldwater Road heading SE, then by travelling for another 35 km on the Patchett/Spius FSR. Alternatively, a helicopter can be chartered from Hope for access.
ClaimsThe Property is comprised of 4 mineral tenures covering a total area of 1082 hectares, owned 25% by Christopher R. Paul, 25% by Michael A Blady, 25% by John A Chapman and 25% by Gerald G. Carlson
GeologyThe Spius Property is underlain by the Cretaceous Eagle Granodiorite, an elongate, northwest-trending pluton. The main lithologies are foliated quartz diorite and granodiorite. These have been cut by a presumably younger feldspar and quartz-feldspar porphyry phase and late stage felsic dikes, pegmatite, quartz veins and minor lamprophyre. The Property is cut by a major northeast trending shear zone which is evident in regional geology and magnetics maps.
Exploration History• 1968 – Work by Orequest included soil geochemistry (Cu, Mo), geophysics (SP and EM survey), 5
percussion holes (1,000 ft.).• 1969 – Murray Mines drilled 2,000 ft. of core in 10 holes.• 1970 – Arrow International completed geological mapping, a soil geochemical survey and ground
geophysics (magnetometer, IP survey).• 1971 – Orequest completed 2,300 ft. of percussion drilling in 7 holes.• 1975 – Brascan drilled seven core holes.• 1976 – Canadian Occidental completed a program of prospecting and soil sampling.
Mineralization/AlterationPropylitic alteration with extensive pyrite is pervasive throughout the Property, while widespread quartz-sericite-pyrite alteration occurs with malachite and chalcopyrite within the undrilled central portion of the property (AR06145). Extremely kaolinized, highly friable exposures are also reported from the central zone (AR06145). Better mineralization is observed to be associated with k-feldspar+quartz veining (AR05389).Initial soil sampling surveys outlined an area approximately 2000’ x 1500’ of >500 ppm Cu surrounding an area 2000’ x 400’ of >1000 ppm Cu (AR 06145). Spotty anomalous Mo values up to 230 ppm occur within this anomaly. Gold/silver was not analysed in this program. The copper anomaly is open to the south and east and possibly also to the west and northwest. A single line of soil samples collected by J. Shearer (AR 33913), extended the historical anomaly 500 m southeast of previous sampling, with values ranging from 150 ppm Cu to 4,640 ppm Cu (most values >500 ppm Cu).
PotentialThere is excellent potential for the discovery of a significant Cu-Mo porphyry deposit on the Property. It appears that early drilling focused mainly on IP anomalies, rather than geology and geochemistry, which were likely a response to the widespread pyrite that surrounds the central copper anomaly. The historical and more recent soil geochemistry shows the strong and large central copper anomaly is associated with intense phyllic and argillic alteration. Most of the historic drilling is on the periphery of this anomaly.
Recommended ProgramAn initial program of geological mapping and geochemical soil sampling with a complete multi-element analysis is recommended for a first phase of work on Spius. The aim of the geochemical survey would be to confirm the historical values, test for other elementals and extend the current Cu-Mo anomaly which is wide open. Geological mapping should be focused on defining the various intrusive phases and their alteration assemblages, as well as structural mapping. Previous operators have noted that NE-trending shear zones may be an important control on the mineralization.In addition to the porphyry style mineralization at Spius, some of the highest scandium (Sc) assays for the entire province occur in RGS stream sediment samples surrounding the Property. The scandium may be hosted within local pegmatite intrusions, which have been mapped by previous operators, or may be associated with the porphyry mineralization itself. Lithogeochemical sampling of the numerous pegmatite and porphyry phases is recommended to help pinpoint the source(s) of anomalous scandium. A second phase of work would involve geophysics, trenching and potentially core drilling.OutlookThe Spius porphyry copper-molybdenum porphyry property is currently available for option, joint venture or purchase. For more information please contact the owners listed below.
CONTACTS*NOTICE - BC MINERAL CLAIMS MAY ONLY BE USED FOR MINERAL EXPLORATION
