A single hole tested the Megabuck zone at depth and intersected 275 metres grading 0.14% copper and 1.03 grams gold per tonne, within 361 metres grading 0.84 gram gold and 0.12% copper. The mineralization was intersected from surface to the end of the hole at 365 metres.
Drilling terminated in mineralization. Casing was left in the hole, to assist future hole extension.
Sericitic and potassic alteration occur near the copper-gold mineralization. Disseminated chalcopyrite is found in quartz veinlets intersecting volcano-sedimentary rocks, in association with quartz monzonite. Numerous faults transect the area.
In 2003, a hole was drilled 800 metres east of the Megabuck zone (450 metres east of previous drilling); it intersected 15 metres grading 0.9% copper.
Between 1974 and 2002, the Megabuck zone was drilled by various operators, but only to a depth of about 175 metres. Drilling has focused on a 600-by-450-metre area at the western end of a 2-km induced-polarization anomaly. Gold mineralizaton occurs along the edge of strong chargeability highs.
Megabuck is one of three known gold-copper zones on the 45-sq.-km property, in which Fjordland is earning a 60% interest from
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