For thousands of other reports visit RSC's Mineral Intellingence Map
Calaveras Resource Corp.
Summary
| Project: | Fame | |
|---|---|---|
| Deposit: | Fame | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/31/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-5-2017: Calaveras Resource Corp. announces a Supporting Acquisition report for its Fame deposit at the Fame project. Summary of property in support of option agreement. The Fame property is located in the Chilcotin region of southwest British Columbia. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gordon J. Allen (Independent) | |
| ABSTRACT: | The Fame property is located in the Chilcotin region of southwest British Columbia. It is underlain by andesitic rocks of the Cretaceous Spences Bridge group, tonalite of the Cretaceous Mount Alex plutonic suite, felsic (possibly Eocene) volcanic rocks, basalt of the Miocene Chilcotin group, and ubiquitous thick glacial till and alluvium. In 1987-1989 low sulphidation epithermal gold mineralization was discovered on the Fame property at the Discovery, Double Diamond, Kelsch and Twilight showings. They are hosted in northwest and northeast trending structures cutting both Spences Bridge clay altered andesitic volcanic rocks and felsic volcanic rocks of uncertain age. The mineralization and geological setting on the Fame property is similar to that of the Blackdome epithermal gold deposit located approximately 24km to the southeast, where northeast trending vuggy quartz veins and breccia zones are hosted in an Eocene felsic volcanic sequence. During its operation between 1986 and 1999, the Blackdome mine was one of the highest-grade gold producers in Western Canada. It should be noted that a similar geological setting to the Blackdome mine area does not necessarily mean that economic mineralization occurs on the Fame property On August 21st, 2014, San Antonio purchased the claims from Mr. Dyakowski, and then on May 25th, 2016, all mineral tenures in the Fame property were sold back to him. In an agreement dated March 31st, 2017, the property was optioned to Calaveras Resource Corp. It is the intention of Calaveras to use this technical report on the Fame property in a prospectus and for its listing on the Canadian Securities Exchange (CSE). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report