9 AHR SmithersPresen Apr08 final - Minerals...
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![Page 1: 9 AHR SmithersPresen Apr08 final - Minerals Northmineralsnorth.ca/pdf/smithers08/9-grassroots-exploration.pdf · Myra Falls Britannia Eskay Creek Volcanic Hosted Massive Sulphide](https://reader031.fdocuments.net/reader031/viewer/2022022605/5b7198d87f8b9a740f8bbbc4/html5/thumbnails/1.jpg)
GrassrootsExploration
March 2008
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Grassroots Exploration
• In the office– Research and planning– Program preparation– Land acquisition
• In the field– Geochemistry– Geophysics– What’s next
• Program scope and costs
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Research and Planning
What’s involved?
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Research and Planning
What metals are you looking for?
![Page 5: 9 AHR SmithersPresen Apr08 final - Minerals Northmineralsnorth.ca/pdf/smithers08/9-grassroots-exploration.pdf · Myra Falls Britannia Eskay Creek Volcanic Hosted Massive Sulphide](https://reader031.fdocuments.net/reader031/viewer/2022022605/5b7198d87f8b9a740f8bbbc4/html5/thumbnails/5.jpg)
Research and Planning
Copper?
Then look for BC porphyry copper deposits.
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Research and Planning
Copper-Zinc + others?
Then look for polymetallic volcanic hosted massive sulphide deposits.
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Research and Planning
Where do you find them?
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Research and Planning
Deposit Location Map
Kutcho Creek
Sullivan
BritanniaMyra Falls
Eskay Creek
Volcanic HostedMassive SulphideDeposits
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Research and Planning
Which belt is under-explored?
We chose Kutcho.
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Research and Planning
Where do you find equivalent age host rocks that have better infrastructure
and are under-explored?
Sitlika Assemblage.
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Research and Planning
District Location Map
Kutcho Creek
Sullivan
BritanniaMyra Falls
Eskay Creek
Sitlika Assemblage
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Research and Planning
Regional Geology Map
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Research and Planning
Regional Infrastructure Map
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Research and Planning
What is the next step?
Land acquisition.
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Program Preparation
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Program Preparation
What did we option?
The Bodine property.
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Program Preparation
Why did we select this one?Because it had been found by
Smithers very own “Prospector of the Year” award winner -
Lorne Warren.
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Senior A-Team Our “Prospector of the Year” Award Winners
Richard Haslinger Lorne Warren Mark Rebagliati
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Program Preparation
Now we have it. What do we do?
Review historical databaseGeology, Geochemistry & Geophysical
Surveys
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Geochemistry
PolymetProperty
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Sitlika Assemblage
Geochemistry – Regional Geochemical Survey - Cu Silts
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Magnetometer Survey & Cu Silt Geochemistry
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Magnetometer Survey & Cu Soil Geochemistry
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IP Chargeability Survey & Cu Soil Geochemistry
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Geochemistry
AspiraProperty
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Zn Silt Geochemistry
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Cu Silt Geochemistry
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Cu SoilGeochemistry
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Zn SoilGeochemistry
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Ag SoilGeochemistry
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K SoilGeochemistry
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Geochemistry
Zn Equivalent
Soil Geochemistry
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What’s Next - Check out all the anomalies
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What’s Next
Grid
Extension
Extend the Soil Grid to Cover All the Anomalies
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What’s Next
Drill Hole
“Drill it this way”
“Drill it”
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What’s Next
“and you are bound to fail”
Drill Hole
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What’s Next
“Drill it this way”
Drill Hole
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What’s Next
“and you will find out what is really there”
Drill Hole
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Program
What did it take to do a reconnaissance exploration program on the Sitlika?
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Program
2007 Grassroot ProgramDirect Person-Days of Employment 2,500Line Cutting 150 kmGeochemical Samples 11,000Ground Geophysics 115 kmAirborne Geophysics 1,900 km
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Program Costs
How much did it cost?
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Program Costs
Cost of 2007 Grassroots Program (150 days)Wages (Including overhead)Line CuttingGeophysicsRoom & Board @ $120/person-dayGeochemical AnalysesTrucks & TravelBags, Tags, FlagsHelicopters: $1100/hour (~$20/min) x 360 hours
Claims. Office Backup, etc.Total: $2,650,000
$800,000$250,000$330,000$320,000$220,000$120,000
$55,000$400,000$155,000
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Program Costs
Cost of a first-look drilling program?
$100/foot all inclusive!For 10,000 feet @ 100 feet per shift
(50 days) = $1,000,000
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Program Costs
Grassroots Exploration is a High Risk and High Cost Endeavour
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Program Costs
And That’s Just the Beginning