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Eastfield Resources Ltd.
Summary
| Project: | Iron Lake | |
|---|---|---|
| Deposit: | Iron Lake | |
| Location: | Canada | |
| Commodities: | Gold-PGM-Copper-Nickel | |
| Date: | 6/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-6-2017: Eastfield Resources Ltd. announces an Exploration/Drilling Update report for its Iron Lake deposit at the Iron Lake project. Technical report on current status of the property. The Iron Lake Project, located in south central British Columbia, i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: J.W. Morton (Mincord Exploration Consultants Ltd. (Internal)) | |
| ABSTRACT: | The Iron Lake Project, located in south central British Columbia, is a regionally distinct copper, cobalt, gold and platinum group elements project encompassing an area of 8,035 hectares (19,855 acres) 45 kilometers northeast of the City of 100 Mile House, BC. Iron Lake covers a mafic to ultramafic intrusive body of early Jurassic age occurring in proximity to a slightly older granodiorite batholith that has been determined to be Upper Triassic Early Jurassic. Field relationships support the interpretation that the mafic to ultramafic body, named the Iron Lake Complex, intrudes the granodiorite batholith and presumably also the surrounding volcanic rocks belonging to the Nicola Group, both of which are part of the Quesnel Terrane. The Iron Lake Complex hosts disseminated and massive sulfide mineralization of a probable magmatic source that is significant for its copper,cobalt, gold, platinum, palladium and to a lesser extent nickel content. A prominent aeromagnetic high covering several square kilometers centered on the complex resulted in exploration starting in the mid 1970’s directed at porphyry copper. Significant platinum and palladium anomalies were discovered in soils in the late 1980’s. In 2000 mineralized olivine pyroxenite rubble was discovered while prospecting a 1989 soil site which had returned a value of 392 ppb Pd. By 2012 several prospecting initiatives had located a total of eight samples of this material with an average metal content of 0.72% Cu, 0.70g/t Au, 324 ppb Pd+Pt and 416 ppm Ni. The bedrock source has not yet been identified. | |
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