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Oakley Ventures Inc.
Summary
| Project: | Koster Dam | |
|---|---|---|
| Deposit: | Koster Dam | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/23/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-12-2019: Oakley Ventures Inc. announces a Supporting Acquisition report for its Koster Dam deposit at the Koster Dam project. Technical summary of property. The Koster Dam project (4,535 hectares) consisting of ten mineral claims is located approximate | |
| Resources: | x | |
| CP/QP: | [Overall Report]: B.L. Laird (Mincord Exploration Consultants Ltd.) | |
| ABSTRACT: | The Koster Dam project (4,535 hectares) consisting of ten mineral claims is located approximately 80 kilometres south of the city of Williams Lake in south-central British Columbia. The southern boundary of the claims is approximately eleven kilometres north of the former producing Blackdome gold-silver mine. The first of the current claims were staked in 2012 to cover prospective geology in an area predominantly underlain by Eocene and Miocene volcanic and volcaniclastic rocks. Unpublished and published records indicate that heavy mineral sampling completed in drainages within the claims in the late 1980’s returned highly anomalous gold responses from many sites. A rock sampling program was completed by Cariboo Rose Resources in 2012 and was furthered in 2013 with a program of silt sampling and rock sampling in which 134 silt samples, “sluiced” silt samples and rock samples were collected and analyzed (Morton, 2013). This work was continued in 2014 with a crew of three collecting a further 57 samples (usually a silt sample, sluiced silt sample and panned silt sample from each of 19 sites). A very strong and consistent gold anomaly was outlined on very small subsidiary drainage (Morton, 2014). In 2015 a small soil grid was established (258 samples) and a further three rock samples collected (Morton, 2015). A 2017 exploration program consisted of prospecting and sampling of the 4 newly acquired claims. Thirty-one rock samples and eleven stream sediment samples were collected and analyzed (Van Den Brussche,2017). The 2018 program comprised 82 soil samples, 44 stream sediment samples and 19 rock samples. Two clay altered rock samples returned 0.208ppm gold and 0.415ppm gold respectively. Seven stream sediment samples in the Borin Creek and Central areas of the property returned anomalous (>0.3ppm Au) gold values. Two small magnetometer surveys, totalling 7.6 line kilometres were also emplaced (Kikauka, 2018). Geochemical fieldwork was carried out in 2019 on the Borin Creek area (Kikauka, 2019) focused on following up the upstream (east extension) of Au bearing mineralization found in 2018 (rock chip sample 1815 with 0.208 ppm Au and sample 1816 with 0.415 ppm Au). Geochemical fieldwork in 2019 consisted of 52 soil gas hydrocarbon samples covering a 1.25 X 0.15 km area, 40 soil samples submitted for Au & multi-element ICP analysis covering an area of 0.95 X 0.15 km area. As well, 4 stream sediment samples, and 3 rock chip samples were taken from the Borin Creek drainage. One of the samples from Borin Creek, described as an angular piece of float (Eocene age andesite containing quartz, chlorite and limonite) returned an analysis of 1.23 g/t gold. Nine samples collected along the access road in 2018 and analysed in 2019 did not return any significant results (Morton, 2019). | |
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