(Area : 4,655.7 ha) 50 km northwest of Telegraph Creek north-western BC. Situated in the Stikine District that includes the large Galore Creek, Schaft Creek, Red Chris, and Kutcho copper deposits that collectively have 7.65M tonnes copper, 14.9 M oz gold and 148.5 M oz silver in measured and indicated resources.
Geology and Deposit Model Situated in the Stikinia tectonic terrane of middle Mesozoic volcaniclastic formations and related alkalic intrusions that parallels and is analogous to the Quesnellia terrane that hosts the Princeton-Highland Valley-Gibraltar-Kemess, et al. copper deposits
Property formations are members of the Stuhini Group of island arc-related andesitic to basaltic volcanic rocks and derived clastic sedimentary rocks of Upper Triassic age, and small intrusive bodies of dioritic and gabbroic composition. Structural alignment of both formations and intrusions is north-westerly.
Red Spring Copper Gold Silver & Zinc Project
Red Spring project is located in central interior British Columbia, Canada, 100 km northeast of Hazelton, B. C. Copper mineralization on the Red Spring property was discovered by Canadian Superior Exploration Ltd. in 1972.
Exploration in 1972 by C.S.E. included geological, geochemical and geophysical surveys and 2,972 feet of drill testing. Additional drilling (3 drill holes, 1156 ft.) was completed in 1976 by City Services Mineral Corp. The historic drill cores may be located on the property.
Historic work prior to Doubleview’s acquisition of the property in 2009 resulted in the identification of a reported 5.0 million ton copper-silver resource grading 0.50% copper and 1/3 (one third) ounce of silver per ton. [Cautionary Note: This resource report is not NI 43-101 compliant.]
The property is underlain by Jurassic age Hazelton Group volcanics and volcanoclastic sediments that host the copper-silver deposit. Minor but significant gold values are also present. The geologic model suggests that a copper-rich layer of dolomitic limestone, centrally located on the property, carries disseminated chalcopyrite with associated silver and gold values. The historic resource of over 5,000,000 tons grading 0.5% copper and 0.35 oz. silver per ton is located in a very restricted part of the property and there is significant additional potential to the south and northeast. [Cautionary Note: This resource report is not 43-101 compliant.]
Doubleview has conducted additional surveys including geochemical sampling. The results of that work are being reviewed and verified by the Company’s geological team.
The Red Spring deposit is favourably situated close to existing logging roads and has negligible overburden. If an economic resource is proven, the deposit should be amenable to exploitation using low cost open pit mining methods.
The Red Spring property is located in the asserted traditional 27,250 square kilometre territory of the Takla First Nation. The territory is a rich environment of lakes, rivers, forests and mountains between the Skeena Mountains to the west and the Rocky Mountains to the east..
Several past producing mines have operated in the territory including the[Shasta (AU, AG, ZN, CU, PB), Baker (AU, AG, CU, ZN, PB), and Kemess South (CU, AU, MO, AG) mines. The McConnell Creek (AU, PT) placer mining area lies a short distance east of the Red Spring property.
Mt. Milligan North Property
Acquisition of the Mt. Milligan North mineral tenures, comprising 26 claims with total area 8,390 hectares, was the Company’s Qualifiying Transaction. Situated 112 km north of Ft. St. James in Central British Columbia, Canada, the property lies just west of the Mt. Milligan multi-hundred million tonne gold-copper mine that was developed by Thompson Creek Metals at cost approaching $1 billion.
Doubleview’s work on the Mt. Milligan North property has demonstrated the possible presence of gold-copper mineralization in a Mt Milligan-like porphyry-style geological setting with coarse-grained magnetite-rich quartz monzonite rocks that are intrusive into Nicola formation-equivalent rocks that elsewhere in British Columbia are host to many important copper and copper-gold deposits. Results from a program of MMI (mobile metal ion) geochemical soil sampling when combined with provincial airborne geophysical survey data, revealed several highly anomalous areas that are worthy of follow-up exploration by induced polarization geophysical surveys followed by diamond drilling.