PDF Report - Search ARIS Database

41 Pages·2005·1.06 MB·English

DRILLING REPORT
on the
COTTONBELT PROPERTY
Kamloops Mining Division
NTS 82M/07W
Latitude 51" 26' N Longitude 118 "49' W
for
CANQUEST RESOURCE CORPORATION
Suite 830 - 470 Granville Street
Vancouver, B.C. V6C 1V5
G. GIBSON & ASSOCIATES
Suite 201 - 2020 West 2nd Avenue
Vancouver, B.C. V6J 1J4
Gordon Gibson, Geologist
March 04, 1997
TABLE OF CONTENTS
Paqe
I NTRODUCTIO N ................................................................................................. 1
Location. Access and Physiography ......................................................... 1
Claims and Ownership ............................................................................. 1
Previous Work ......................................................................................... 3
Assessment Work in 1996 ....................................................................... 7
GEOLOGICAL SETTING .................................................................................... 8
Regional Geology .................................................................................... 8
Property Geology ..................................................................................... 8
DIAMOND DRILLING ........................................................................................... 10
CONC LUS I0N S and RE COM M E N D ATl0 N S ...................................................... 12
REFERENCES .................................................................................................... 13
CERTIFICATE ..................................................................................................... 20
Statement of Costs .................................................................................. Appendix 1
Diamond Drill Logs .................................................................................... Appendix 2
ICAP/Assay Certificates ........................................................................... Appendix 3
LIST OF FIGURES
Followinq Paue
Figure 1 Location Map ....................................................................................... 1
Figure 2 Claim Boundaries ................................................................................ 1
Figure 3 Regional Tectonic Map ......................................................................... 8
Figure 4 Area of Activity .G eology and Drill Holes (1.5. 000) .............................. in pocket
- 1 -
.
INTRODUCTION
LOCATION, ACCESS AND PHYSIOGRAPHY
The Cottonbelt property (419 units) is located in the northern Monashee Mountains of
southeastern British Columbia in that part of the Ratchford Range located east of the
Seymour River and south of Blais Creek, see Figures 1A and 1B . The property straddles
the broad northwest-trending ridge axis through Mount Grace about 26 air kilometers
north-northeast of the community of Seymour Arm on Shuswap Lake. Access to
Seymour Arm is via. 41 km of private radio-controlled logging roads (freq. 157.32 Hz.)
originating at St. lves approximately 5 km east of Anglemont. Anglemont in turn is
serviced by 53 km of paved road connecting with the Trans Canada Highway 10 km
east of Chase.
The 1100 logging road originating near Seymour Arm and extending up the Seymour
River passes through the northwest corner of the Cottonbelt property. A secondary road
at Blais creek provides access to the northernmost claims. Other spur roads (at 39.5 km
on the 1100 road) extend into the northwestern sector of the property. Permanent
helicopter bases at Revelstoke 60 kilometers to the southeast, provide the best means
of air access to the interior of the Cottonbelt property.
Elevations on the claims vary from approximately 730 meters in Blais Creek to 1,985
meters at the summit of Mount Grace. The western and southern flanks of Mount Grace
are gentle subalpine slopes covered by a thin veneer of till. Northeast facing slopes
above Deep Creek are very steep, free of vegetation and nearly inaccessible. Below a
tree line at approximately 1,675 meters bedrock exposure is minimal-hillsides are
clothed in mature stands of cedar, hemlock, balsam and spruce with locally prolific
devil's club and slide alder.
Climate is that of the Interior Rain Belt with temperatures ranging between -15" and
+30°C. Annual precipitation averages 115 centimeters; snowpack can be as deep as
several meters.
CLAIMS AND OWNERSHIP
All claims are located in the Kamloops Mining Division, and are owned and operated by
CanQuest Resource Corporation, Suite 830 - 470 Granville Street, Vancouver, B.C.
V6C 1V5, see Figure 2.
figure la: location of the Cottonbelt
Property in British Columbia.
figure lb: Cottonbelt claim group shown
highlighted below at a distance of about
65 kilometers northwest of Revelstoke.
118"
15
P KILOMETERS
i
,,-
..
I
i1mI
0 Y I la
0 p
r
QUEST 10
1 1996DRILLlNG
QWT24
i'
QUEST 29
/--
I
Cottonbelt Property: Crown Granted and Located claims.
Crown Granted mineral claims:
Claim Name Lot No. Owner
COTTONBELT 2 105 CanQuest Resource Corporation
JOE 2106
BOYNE 2107
HARRISON 2108
VICTORIA 2 109
JESSIE 2110 ,t
WELLINGTON 2 1 1 1
Total Claims 7
Located mineral claims:
Tenure Size
Claim Name Number (Units) Owner
QUEST 1 320425 12 CanQuest Resource Corporation
QUEST 2 320426 4
QUEST 3 320424 4
QUEST 4 2 18693 4
QUEST 5 320427 15
QUEST 7 320428 20
QUEST 8 320429 12
QUEST 9 3 12496 6
QUEST 10 312786 6
QUEST 11 316233 20
QUEST 12 3 19785 20
QUEST 13 320430 20
QUEST 14 324875 20
QUEST 15 324876 20
QUEST 16 324877 20
QUEST 17 336190 9
QUEST 18 336191 16
QUEST 19 325287 4
QUEST 20 325288 9
QUEST 21 325289 6
QUEST 22 332908 4
QUEST 23 332909 8
QUEST 24 3329 10 16
QUEST 25 33291 1 20
QUEST 26 332912 20
QUEST 27 332913 20
QUEST 28 332914 20
QUEST 29 332915 20
QUEST 30 332916 10
MATT 1 312788 1
MATT 2 312789 1 .
- 3 -
MATT 3 320420 1
MATT 4 320421 1
MATT 5 320422 1
MATT 6 320423 1
MATT 10 325290 1
MATT 11 325291 1
MATT 12 325292 1
MATT 13 325293 1
MATT 14 325294 1
MATT 16 325295 1
MATT 17 336192 1
MATT 18 336193 1
MATT 19 336194 1
MATT 20 336195 1
J13 312493 1
J 14 312494 I
J 15 312495 1
J 16 319786 1
J17 319787 1
J 18 319788 1
J 19 319789 1
J20 319790 1 ,,
J21 319791 1
WOLFE 1 320416 1
WOLFE 2 320417 1
Total Units 412
PREVIOUS WORK
Prospecting interest in the Grace Mountain area dates from the early part of the present
century. The discovery of sulphide mineralization in these early years was followed by
staking of the Cottonbelt claim, probably the oldest showing of importance, in 1905.
In 1912 the first recorded assessment work was done on the COTTONBELT lead-zinc-
silver layer by Cottonbelt Mines Ltd. Work on the nearby MCLEOD and COMPLEX
copper-lead-zinc showings by independent operators revealed mineralized outcrop
extending over 1,000 feet.
By the end of the 1914 season a tunnel along the MCLEOD showing exhibited copper,
lead and zinc mineralization along its entire length of 60 feet and the MCLEOD-
COMPLEX mineralized horizon had been intermittently traced over a strike length
reported to be 13,500 feet. A copper showing (subsequently named the COPPER KING)
was also explored.
By 1923 the Minister of Mines Report indicates that the COTTONBELT horizon, which
strikes about N30W, had an average width of 3 or 4 feet but was quite variable being as
much as 6 feet at the Bass shaft. Development work on these claims at that time .
-4-
included a 40 foot shaft on the Bass claim, a shallow shaft on the Victoria claim and a
150 foot tunnel on the Cottonbelt claim. Some metallurgical test work carried out at that
time indicated that flotation was a suitable method of treatment and that the silver was
mainly associated with the lead.
In the 1925 Minister of Mines report, F.W. Guernsey, a consultant to Cottonbelt Mines
Ltd., is quoted as reporting that the COTTONBELT horizon had been traced on surface
for 3 miles and that it had a variable width from 2 inches to 6-112 feet. Minerals of
economic significance were principally lead and zinc sulphides. A sample across 6-1/2
feet of the vein is reported to have assayed 3 odton silver, 12.8% lead, 4.2% zinc, for a
value at that time of $1 1.84 a ton.
Further work in 1926 by Cottonbelt Mines Ltd. included additional surface trenching on
the Cottonbelt and Joe claims, and a diamond drill program. The 3,333 foot drill program
consisted of 16 holes located along 6,500 feet of strike length. Fifteen of the holes are
reported to have cut mineralization 4 to 12 feet wide at depths varying from 270 to 370
feet below outcrop.
By 1927 the total underground development on the Cottonbelt Mines property consisted
of 1,600 feet of drifting, crosscutting and raising. The No. 2 tunnel at an elevation of
5,560 feet had been driven for 855 feet. The No. 1 tunnel, located 100 feet vertically
above the No. 2 tunnel, had been driven on the mineral zone for 306 feet. The No. 3
tunnel, which was 300 feet lower and 1,600 feet to the northwest of the No. 2 tunnel,
had been driven for 420 feet. The Bass shaft was a further 1,650 feet to the northwest
and some 560 feet below the No. 2 tunnel and had been sunk to a depth of 50 feet. A
fourth tunnel north of the Bass shaft was being driven to intercept the mineralized zone
below the Bass shaft and was completed for a length of 81 feet in 1927 at which time it
was reported to be about 10 feet from the vein intersection.
All of the above work on the COTTONBELT zone had indicated five or six lenses within
the main structure and technical personnel associated with the venture at that time had
suggested that the COTTONBELT zone, down to the level of the No. 4 tunnel, might
contain up to one million tons of metallic mineralization.
In the period 1960 to 1970, Great Northern Petroleums & Mines Ltd., a Vancouver-
based junior resource company carried out geophysical and geological work on the
claims north of the Cottonbelt Crown grant including magnetometer and induced
polarization surveys, and detailed geological mapping. The magnetometer work picked
out the known mineralized zones and indicated the possible presence of at least three
additional zones as well as significant extensions to the mineralized structures. This
geophysical and geological work was restricted to relatively small portions of the area
which now fall within the Cottonbelt property.
.
- 5 -
In 1976 Metallgesellschaft Canada Ltd. conducted a geological study of some 15 square
kilometres in the Grace Mountain area. The study included detailed geological mapping
and structural analysis of the area and an examination of the sulphide-bearing zones. A
magnetometer survey over 15.5 kilometres of grid was also completed as an aid to the
geological mapping. This program achieved its general purpose of providing a better
understanding of the geological and tectonic controls of the sulphide mineralization.
The 1976 work included detailed stratigraphic studies of the two parallel sulphide zones
in the area, now known as the COTTONBELT and MCLEOD zones, and some structural
extrapolation which led to the conclusion that there was a fair chance of the
COTTONBELT being a synformal structure and that a repetition of the RUDDOCK
CREEK style of mineralization might occur in association with this structure. This
geological work was followed up in 1977 with 10.75 line kilometers of induced
polarization surveys and in June of 1978 by a diamond drilling program supervised by
Metallgesellschaft personnel. The program to investigate this structure consisted of two
drill holes from a single set-up and drilled over a total depth of 527 metres (1,729 feet).
The drill holes failed to penetrate a mineralized horizon of significance although pulse
electro-magnetic measurements in one hole indicated that the latter encountered an
edge of a conductive sheet dipping 20" - 30" away from the drill hole. The detailed
geological work led to the conclusion that both of the known mineralized horizons,
COTTONBELT and MCLEOD, are in fact part of a single folded horizon. The
geophysical surveys appeared to support the geological interpretation that a synformal
structure connects the outcrops of the MCLEOD and COTTONBELT zones.
In 1985, a geophysical and geological survey was carried out by TRM Engineering,
contractor for Cannon Minerals Ltd., a Vancouver-based junior resource company, on a
claim covering the Crown grants.
In 1987, CanQuest Resource Corp. commenced its program of claim acquisition which,
by the end of 1992 and apparently for the first time, brought all the metallic mineral
showings under a single ownership.
In August 1991, CanQuest constructed a baseline which runs at a bearing of 332"
starting from a precisely-located point adjacent to a small lake on the common boundary
of QUEST 7 and QUEST 8, through the seven Crown granted claims, and onward to the
north claim boundary of QUEST 4. Total distance was 7.8 kilometres. The baseline, was
intended to give a precise spatial control for the company's exploration activities. As a
consequence of the magnetic characteristic of the COTTONBELT mineralized layer, the
baseline was cut and surveyed under the guidance of a Canadian Land Surveyor. Metal-
tagged pickets were emplaced every 100 metres for cross lines locations and
permanent cairns were erected every kilometre. An accurate profile of the underlying
topography was drawn for future survey control purposes.
.