An exploration program is planned this year by Chapleau Resources on ground it holds in the Purcell mining camp of southeastern, British Columbia. The program, which could involve about 12,000 ft of drilling in 24-28 holes, will be financed by flow- through or a conventional equity offering, the company says.
This year’s budget is $400,000 and Chapleau hasn’t ruled out taking on a joint venture partner for the project. Vancouver-based Goldpac Investments (N.M., Dec 14/87) has announced plans to drill a mile-deep hole on a property adjoining Chapleau’s Bar claims. The target is a Sullivan-style orebody (lead/zinc) and Chapleau feels there is similar potential on its property. Transverse fault zones, which are active structural features at Sullivan, also occur on the Bar claim.
Chapleau’s land position covers 10,000 hectares of the Moyie Creek and Perry Creek drainages. A program of geochemical sampling, bulk sampling and trenching was completed last year costing over $150,000. The company’s consulting engineer, Robert Banting, says the data “revealed a number of interesting zones, ranging from a stockwork of veins assaying up to 0.6 oz gold to a potential lead-zinc sulphide deposit.”
Banting notes that the majority of the gold occurrences in the Perry and Moyie drainages are classified as structurally-controlled quartz vein type. Most of the occurrences are controlled by high temperature shear zones, probably the result of fracture systems developed at pluton margins. Several geologists have also speculated that Carlin-type gold deposits could exist in the area and these gold replacement systems will be the focus of Chapleau’s attention this season.
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