The Elsiar Property is located in western British Columbia approximately 45 kms northwest of Terrace. The 8756 ha project is 100% controlled by Eagle Plains with an underlying 2% NSR. The claims were acquired in 2003 based on regional research and a similar geologic environment as the Kalum property, 10 km to the south. The project area is accessed by a network of logging roads.
- Copper-gold porphyry and epithermal gold deposit target
- Encouraging exploration to date including mineralized drill intercepts
- Excellent geology with multiple high-grade copper, gold and molybdenum occurrences
- Numerous untested coincident geochemical and geophysical anomalies
- Excellent infrastructure - highway, logging roads, bisected by hydro power-line, 45 km to Terrace
The property is centred upon an intrusive complex of at least four 100 m diameter, Cretaceous porphyry stocks of the Coast Crystalline Complex. These stocks have intruded Jurassic to Cretaceous metasedimentary rocks of the Bowser Lake Group and vary from quartz monzonite to tonalite to minor microdiorite. The property shares some geologic features evident of a Cu-Mo±Au porphyry system including: multiple small-scale, intermediate intrusive plugs; a hornsfels (silica + biotite ± pyrrhotite) halo; epidote-chlorite-magnetite alteration; and phyllic and potassic alteration assemblages associated with dense mineralized quartz stockworks. Cu, Mo and Au geochemical zonation and elevated W + Bi + Si geochemical signatures are also evident in stream-silts and soils.
The property has had limited historic exploration focused on the LCR showing while recent exploration by Eagle Plains has been more extensive. Recorded exploration history goes back to a 1969 geophysical survey by Rio Tinto. This was followed by soil sampling, geological mapping and prospecting in 1979 and 1980 by Moly Syndicate and AMAX Canada. Systematic exploration by Eagle Plains Resources began after acquiring the project in 2003.
Elsiar Project Zones
East Zone - Au
Detailed mapping, prospecting and rock sampling of new road cuts in the SE portion of the property revealed some spectacular gossanous zones that are associated with thick (>3m) porphyry and dyke swarms. Mineralization and alteration suggest that they are related to a larger porphyry system.
Quartz veins and dykes also associated with later faulting may have accumulated remobilized mineralization. Mineralization has an overall NE-apparent property-scale trend that parallels other Au-in-soil anomalies 1 to 2 km to the west.
This newly-discovered gossanous trend has seen little exploration. Further prospecting and soil geochemical surveys are required to adequately test the on-strike projection of this trend.
Central Mo-Cu Zone
This zone includes a continuous 300m area of mineralized stockwork occurring within the cupola of a multiphase intrusive suite that is open to depth. This is very favorable geologically because such environments are known to be the locus of Cu-Mo-Au mineralization in a number of British Columbia porphyry systems.
During the 2005 drill program, 19 of 23 drill holes intersected geology, alteration and mineralization consistent with the presence of a large-scale Cu-Mo-Au porphyry system.
Sampling suggests that the system may have been focused enough to concentrate fluids and mineralization into a high-grade core. Diamond-drilling intersected grades up to 1 m @ 14.4 g/t Au. suggesting that late-stage hydrothermal fluids were concentrating gold in some of the silicious stockworks.
Mineralization is open to the south and south-west
West Au-Mo Zone
A major intrusive contact underlies the headwaters of the main drainage in this zone which yielded significantly anomalous Au and Mo silt values. Au values increase significantly along the lower half of the drainage while the upper half is highly-anomalous in Mo. The zone is also the location of a broad VTEM geophysical anomaly. Silt sampling located a highly-anomalous Au + Mo drainage along a cretaceous intrusive contact. Six silt sample results were in the top 95th percentile for Au in the entire BC geochemical database.
West Cu-Au Zone
This large target area contains significantly-anomalous Cu values in stream sediments on both the north and south drainages. A soil sample near the E-W trending ridge in the center of this zone exceeded 30 g/t Au and was surrounded by numerous 5 g/t samples, the source of this has not yet been located.
This zone has received limited soil geochemical coverage and preliminary geological mapping. To the SW is an exposed swarm of quartz-vein tension gashes which have yet to be explored. To the NE, dyke swarms and spatially associated shear zones and quartz vein systems project towards the main known mineralized Central Zone area through the West Zone (Au+Mo) area. Geophysical targets associated with soil-geochemical anomalies have yet to be fully evaluated in this area.
Eagle Plains Exploration
Extensive exploration programs were conducted on the Elsiar property during the 2004, 2005, 2008 and 2010 field seasons. These programs included geophysical and geochemical surveys, geological mapping and 23 diamond-drill holes. These programs resulted in:
- identifying the potential for a high-level epithermal system overlying the Cu-Mo porphyry system
- discovery of the Shae Cu-Mo porphyry / Cu replacement showing
- delineating intrusive bodies whose contacts often are associated with mineralization
- outlining a prominent copper-molybdenum anomaly
- defining porphyry-style Mo – Cu mineralization
2011 Field Program
In 2011 a ground-based IP and Mag geophysical survey was carried out in the central portion of the property which identified two areas for follow-up work.
Future work recommendations include the inversion of the 2011 geophysical dataset and ground-truthing of two geophysical targets by detailed lithological and alteration mapping plus chip/channel sampling of prospective outcrops at those targets. Considering the known scale of mineralization in the area, coupled with the 2011 geophysical survey and recommended follow-up ground-truthing, identification of high-quality diamond-drill targets should be achievable for the next field season.
Other priority fieldwork includes continued follow-up of highly prospective geochemical anomalies along the western margin of the property.
Eagle Plains - A Project Generator
Eagle Plains Resources is a project generator with mineral exploration properties of merit that meet qualifying transaction requirements. The Elsiar is available for option to joint-venture partners. We facilitate the listing process for capital pool companies and initial public offerings while providing technical expertise for exploration programs. Companies interested in co-operatively exploring any of these projects please contact: Tim Termuende at firstname.lastname@example.org or Mike Labach at email@example.com or call 1 866 Hunt Ore (486 8673).
Updated May 26, 2016