Tell Project

The Tell property is located approximately 140 kilometers east of Mayo, Yukon and is contiguous to Strategic Metals Ltd.'s Goz claims and ATAC Resources Ltd.'s Rau claims. The property consists of 235 claims covering an area of 4,900 hectares.

The property was initially staked in 2005, following the identification of large natural, strongly gossanous areas with unknown sources.

Early geochemical results confirmed that the Crystal Springs, Ash Springs and Area 51 natural spring gossan discoveries on Tell are strongly mineralized. In addition, follow-up work on these gossans led to the discovery of three additional natural spring gossans: Majestic, Corona and Roswell. The presence of mineralized gossans is considered significant as the Ocelot discovery by ATAC Resources Ltd., within its Rau Trend, was made by targeting a natural spring surface gossan with associated strongly anomalous zinc and lead sample results. 

Soil and rock samples collected from the Tell, Crystal Springs, Ash Springs, Area 51, Majestic and Corona natural spring gossan discoveries have returned highly anomalous zinc, nickel, lead, arsenic and numerous other gold pathfinder element values. The Company believes the identified gossans to be significant due to the number of successful drill discoveries made on similar gossans in the region.

In 2012, the Company conducted an induced polarization ("IP") ground geophysical survey, defining an 800 meter long subsurface conductivity anomaly correlating well with surface gossans. 

The Company completed a multi phase exploration program during 2014. A Phase 1 program was completed in June and included surface sampling, detailed mapping and prospecting, and further refining of drill targets. The second Phase of work was conducted between July 17, 2014 and August 18, 2014 and consisted of a diamond drilling program that saw 673 meters of drilling completed in 4 drill holes. Results of the drilling program were outlined in News Release 14-11, dated September 22, 2014. Notable drill intervals included 220 meters grading 0.12% zinc and 3.16 ppm silver (DDH 14-02) as well as  68 meters grading 0.24% zinc and 3.54 ppm silver with a subsection grading 0.7% zinc and 1.60 ppm silver over 2 meters (DDH 14-3). Thick exhalative barite units were intersected in 2 of the drill holes.

The 2014 drilling demonstrated the presence of a large, previously unrecognized, mineralized exhalative system such as related to other significant Yukon deposits and which supports the potential for both VMS/SEDEX massive sulphide exploration models.  As zinc can often form a large low grade halo around higher grade massive sulphide bodies, and given the extent of the target, further work to vector into potential higher grades within the system may be warranted.

A tight space ground geophysical magnetometer grid was conducted over the main area covering the Tell, Crystal Springs, Ash Springs, Roswell, Area 51, Majestic and Corona Gossans. The magnetic survey outlined responses that are consistent with current geological understanding in terms of the property’s underlying geology and stratigraphic composition, as well as highlighted that known gossans and gossanous cold springs appear related to fairly discrete contrasts between zones of higher and lower magnetic responses.  In its discussion of results from the survey to the Company, the contractor, Apex Geosciences Ltd. of Edmonton, Alberta, comments that the “relationship may be significant, representing the possibility of a continuous metal-rich layer contained within a specific section of the magnetic low region”.

A historical stream anomaly previously identified approximately 2.2 kilometers to the NW of the Tell gossan was traced to a discrete, active metal bearing cold stream or seep near a ridgeline.  This seep contributes metal rich brines which precipitate extensively for over 2 km along the creek bed in a red to blue to whitish crust, locally over 10’s of centimeters thick.  As the seep is at the headwaters of the creek, and in close proximity to the ridge top, it is expected to be proximal to the bedrock from which metals are sourced. A sample from this precipitate near its source returned highly anomalous values of 3.83% Zinc (38,300 ppm), 0.6% Nickel (5,970 ppm), 0.28 % Cobalt (2,780 ppm), and 0.42% Barium (4,170 ppm) as well as an anomalous elevated Copper value of 280 ppm. 

Of additional interest, a leached sample of sub cropping rock near the point source also returned assay results of 0.29 % Zinc with elevated copper and barium, indicating that mineralization, while not exposed at surface due to overburden and vegetation cover, may be sub cropping in this area.  The leached rock was composed of an iron oxide coated black shale dominated polymictic synsedimentary breccia, such as locally observed in core in the Main Zone during the 2014 drilling, in excess of 2.2 kilometers to the west-south west and along strike.

Data collected during the programs conducted until 2015 continues to support that mineralization at Tell is likely sediment hosted and potentially related to an extensive exhalative event within a sedimentary sequence with evidence of minor volcanic components, such as expected within the SEDEX/VMS environment.   Surface data obtained to date also confirms that mineralization may be related to an extensive metal rich unit within a sequence documented over 3 kilometers of strike length.

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