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Stika Gold Corp.
Summary
| Project: | Burro Creek | |
|---|---|---|
| Deposit: | Burro Creek | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 10/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-10-2018: Stika Gold Corp. announces a Supporting Acquisition report for its Burro Creek deposit at the Burro Creek project. Summary of property in support of acquisition. The 287 hectare Burro Creek Project area is located 105 km by road southeast of K | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jean Marie Pautler (Independent) | |
| ABSTRACT: | The 287 hectare Burro Creek Project area is located 105 km by road southeast of Kingman, Arizona in southeastern Mohave County, approximately 265 km southeast of Las Vegas, Nevada and 200 km north of Phoenix, Arizona. It is centred at a latitude and longitude of 34º34’N and 113º30’W, encompassing a portion of the generally southwesterly flowing Burro Creek drainage. The Project lies approximately 1.6 km southwest of United States Highway 93 and is accessible via dirt roads. The property comprises four centrally located patented mineral claims and 35 located lode claims within the Greenwood Mining District. The claims are owned by Coelton Ventures Ltd. subject to an option agreement with Sitka Gold Corp to acquire 100% of the Project. The Burro Creek Project covers the Burro Vein, a 330-340º/50-75ºNE trending low sulphidation epithermal vein within a basin and range tectonic setting, ranging from approximately 1m to 45m wide, and discontinuously traced over a strike length of 1.7 km. The vein fills a fault/shear zone, related to a major pre-existing basement fault zone along Burro Creek, which controlled the eruption of three successive felsic lava domes. The Burro Vein cuts Tertiary rhyolite, minor basalt and Precambrian basement rocks, with angular breccia fragments of the host rocks evident along vein margins. Three “blow outs” occur along the Burro Vein with significant widths and favourable topography for open pit mining: the North, Central and South Blocks. The deposit model for the property is the bulk-mineable and bonanza type low sulphidation epithermal gold-silver model. Examples include the Midas Mine of Franco Nevada in Nevada, the El Penon Mine of Meridian Minerals in Chile, and the former Baker and Cheni Mines in the Toodoggone District of British Columbia. The Burro Creek Project has a long history of exploration dating back to the time of the Spaniards more than 200 years ago. A second period of exploration was undertaken between 1902 and 1928. More recent exploration was carried out between 1981 and 1988 and 2008 to 2013. Exploration has involved: approximately 327m of early underground development; 6394m of drilling in 102 holes, including 3811m of diamond drilling in 55 holes, 2272m of reverse circulation drilling in 22 holes and at least 311m of percussion drilling in 14 holes; detailed chip and channel sampling; mapping and; an MMI soil survey, all primarily focused on the northern third exposure of the vein, referred to as the Burro deposit (Central and North Blocks). | |
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