Exploration Targets

The Golden Triangle of northwest BC is a well-known prolific belt of copper-gold deposits clustered around major granitic plutons such as Kaketsa pluton and Hat stock. Classic and modern geologic ideas suggest that such intrusions generated large volumes of magmatic-hydrothermal fluids that penetrated overlying terrains and formed porphyry Cu-Au deposits. The patterns of geology, mineralization, alteration, magnetic and induced polarization anomalies (as mapped by Utah Mines, 1978, 1979 and Doubleview, 2011-2015), and drill core logs and assays suggest that Hat complex has significant potential to become a large clustered porphyry system. Initial observations indicate that mineralization is strongly controlled by the geometry of the porphyry intrusions, veins and structures. The alteration appears to intensify and veins and copper-gold values increase with depth. The known Lisle zone (currently 500m x 1000m) occurs near the southeastern edge of the Hat complex and suggests a potential to host several similar size mineralized porphyry bodies in Anomaly E, A, C, D and the least explored “Hoey zone”, all of which remain to be investigated.

2018 Drilling Program:

Diamond drilling at the Hat Project will focus initially on the property’s Lisle and Hoey areas, exploring the continuity of gold-copper-cobalt-silver mineralization in the 2-kilometre distance between the areas. In particular, drilling site will be positioned south of Doubleview’s drill hole H-22 that intersected 418.28 metres of 0.50% CuEq mineralization including 110 meters of 1.01% CuEq mineralization (1). The mineralization in hole H-22 lies at the same elevation as mineral showings at the Hoey Gold prospect which is also going to be explored by diamond drilling.

The Hoey area has been sampled at surface where metal values as high as 7.05% copper, 8.11 g/tonne gold, and 0.54% Cobalt were reported from chip and channel samples. Geochemical soil samples from the area are strongly anomalous in precious metals, copper and other elements that accompany alkalic porphyry-type mineralization.

The section diagram below demonstrates the updated mineralization models and proposed initial drill locations south of the Lisle area and Hoey Gold prospect.

Section from Lisle to Hoey Zone

Section from Lisle to Hoey Zone

(1) News Release dated: January 23, 2018; CuEq figures employ the following metal prices: Gold: $1300/oz, Copper: $3.0/lb, Silver: $17/oz, and Cobalt: $35/lb.  CuEq. calculations are presented in US dollars.