A busy year provided the company with a multitude of positive steps advancing the exploration of our Lawyers mineral claims; as well as establishing new strategic relationships.
Through an investment in exploration at Lawyers in excess of $800,000, the company was enabled to secure a strong partner and complete a 43 101 report and resource estimate for the Cliff Creek and Dukes Ridge parts of the Lawyers claim group. In the result the totality of the Lawyers claim package had its expiry dates extended to 2025.
The report will be posted on this site. Summarily, it identified 80,000 ounces of Au and 3,200,000 ounces of Ag in the ground in the vicinity of the Cliff Creek underground workings (not formally located as yet due to lack of exposure to the actual workings and work that was done up to 1992). This conservative estimate arose from the 2015 4,000 meter drilling program .
Interested parties are referred to the report for particulars.
Permitting is being obtained for further drilling for summer of 2016 in order step out to M Grid, define the new discovery P2 vein (in one .7 meter section assaying 8 ounces Au and 7 kilos Ag), and add to the qualified resources.
By increasing the available metal qualified and defining the proximity of that metal to the underground workings at Cliff Creek, with a positive correlation, management expects to be able to assemble a team to monetize those resources and establish a base for further exploration and development.
While Cliff Creek provides epithermal vein mineralization, several parties have indicated an interest is searching for porphyry style mineralization. Geoscience BC, in conjunction with geoscientists from UBC, have received approval and funding for a 2 year exploration program for porphyry indicator elements in the Toodoggone. Our Lawyers together with our associated company, Guardsmen Resources' Ranch claims, among others, will be subjects of this study. Once completed the scientists have, in consideration of our support of their program, agreed to share the results of their work with us at no cost to the company. There are references to the previous studies conducted throughout BC by these scientists. They have established a successful correlation between the indicator elements and known ore bodies.
Given the success of Aurico at Kemess and the knowledge that we have gained over the past 15 years from all of the earlier geophysics and drilling at Lawyers and Ranch, management is confident that important porphyry targets will be identified as a result of their work.