Connaught, YT

Highlights

  • 100%-owned 116.2 km2 road accessible property, located 65 km west of Dawson City
  • 24 distinct silver-lead ± gold veins identified to-date over 16,700 m strike length and 400 m vertical extent in topography
    • Only 3.5% or 590 m of the known strike length of veins has been coarsely drilled near surface
  • Historic bulk sample grades 2,228 g/t silver, 60% lead and 1.00 g/t gold in 241 tonnes
  • Rock samples grade up to 4,050 g/t silver, 79.4% lead, and 10.90 g/t gold
  • The property lies within the headwaters of the Sixtymile placer gold camp which has produced approximately 560 koz gold

Highlight Diamond Drill Results

ZoneHoleFrom (m)To (m)Interval (m)Silver (g/t)Lead (%)Gold (g/t)
No. 169-1-106*40.2941.391.1099826.502.74
No. 3CN-7-00728.9430.371.435354.780.65
No. 4CN-7-00376.0579.853.803396.650.26
No. 4R-88-005*9.4410.661.221,3012.380.72
No. 4R-88-006*29.8733.533.665911.560.85
Intersected widths are estimated to be 70-90% of true widths. *Historic diamond drill holes have not been independently verified.


Connaught Geology

The property lies along the Sixtymile-Pika fault between the Tintina and Denali Faults within a part of Yukon that is underlain by Yukon-Tanana Terrane. That tectonic terrane is composed of continental margin sediments, island arc volcanics and coeval intrusions, which were metamorphosed and deformed during accretion to the North American continent during Mesozoic times. In the Sixtymile district, the Yukon-Tanana Terrane is subdivided into two stratigraphic elements (the Nasina and Klondike Schist Assemblages) and a metaplutonic package (the South Fiftymile Batholith). The Yukon-Tanana units are intruded by undeformed, Late Cretaceous plugs and stocks. The geology in the vicinity of the Connaught project can be divided into two main domains. The southern domain is underlain by the South Fiftymile Batholith while the northern domain contains supracrustal rocks of the Nasina and Klondike Schist Assemblages.

Connaught Mineralization

The Connaught project has mostly been explored as a high-grade silver-lead ± gold vein prospect modelled after the highly productive mines in the Keno Hill district, located about 250 km to the east. Known vein zones are hosted by dilatent fault structures up to several metres in thickness. Individual veins have been traced for lengths in excess of 260 m and most are open in both directions along strike and to depth. Typical vein exposures consist of multiphase quartz that is variable mineralized with blebby to massive arsenopyrite+galena ± chalcopyrite ± covellite ± stibnite ± sulphosalts. Massive galena ± anglesite lenses are intermittently exposed in the core of some veins. The galena is usually coarsely cubic and contains scattered blebs of chalcopyrite. Anglesite weathered surfaces often exhibit botryoidal textures and some show shear textures. The veins and their selvages are usually light coloured compared to the surrounding units and are often tinted green, because of oxidization of arsenopyrite to scorodite and sericitization of mafic minerals. Bleached phyllic- and argillic-altered halos extend up to six metres into adjacent wallrocks. Gold is present in all of the veins but no systematic work has been done to evaluate its distribution and abundance.

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