Ace OVERVIEW

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PROPERTY SIZE:

366 hectares (potential for growth)

DEPOSIT TYPE: 

Cu-Au-Ag Porphyry / Epithermal Au-Ag

EXPLORATION STAGE: 

Greenfields

LOCATION & INFRASTRUCTURE: 

The property is situated in the Babine Mountain Range approximately 65 km north of the town Smithers and is easily accessed by a 50 km logging road network commencing at the small town of New Hazelton. New Hazelton is a short 45-minute drive via highway 16 from Smithers. 

GEOLOGICAL SETTING: 

The property is situated in the Babine Porphyry belt known for the past producing Bell and Granisle Cu-Au porphyry deposits. Ace covers Jurassic age sediments of the Skenna Arch that are intruded by the Cretaceous Bulky Intrusive Complex and Eocene Babine intrusives.   

EXPLORATION HISTORY AND HIGHLIGHTS: 

The property was first staked in 1967 following a regional silt program combined with the discovery of the Bell Cu-Au porphyry deposit, 75 kilometers to the south-east. A significant copper soil anomaly was outlined. Noranda Exploration re-staked the showing, but no work was ever filed. Teck Cominco staked the ground in 1997 and confirmed the historic widespread Cu-Au-Ag mineralization hosted in a sericite-altered granodiorite. 

A soil line cutting across the gossanous talus slopes returned:

>500 ppm Cu over 1.0 kilometers & 15.45 g/t Ag over 250 meters. 

Rock grab samples from the main zone returned values up to 3.16 g/t Au, 578 g/t Ag, and 0.80% Cu with a few significant bulk samples across the talus returning significant values: 

5m @   0.91 g/t Au, 36.2 g/t Ag, and 0.12% Cu

10m @ 578 g/t Ag

Mineralization consists of porphyry style disseminated sulfides and sheeted quartz veins hosted within altered dykes.

The property was worked again in 2012 and 2016, each for only a couple days by private owner. A significant gold-in-soil anomaly was discovered 2 kilometers west of the main Ace showings, at a much lower elevation. The gold-in-soil anomaly represents a 900-meter interval of 80 ppb Au (50-meter sample spacing) and a peak value of 397 ppb Au. Furthermore, limited prospecting in this part of the claim block uncovered a float rock grab sample of massive sulfide assaying 2.52 g/t Au, 17,953 g/t Ag, and 1.63% Cu. The source of this sample remains to be followed up. 

This new gold-in-soil anomaly area is densely forested with limited outcrop exposure and remains to be followed up. No work has ever been completed between the 2-kilometers separating the newly discovered gold-in-soil anomaly in the valley bottom and the historic Cu-Au-Ag showings in the alpine. 

RECOMMENDED WORK: 

A phase 1 detailed soil geochemical survey covering the entirety of the property is recommended; followed by detailed prospecting, geological mapping, and rock sampling at anomalous zones. A phase 2 reverse circulation (RC) drill program is recommended to test the known ACE showing in the alpine and potentially a newly identified gold-in-soil anomaly in the valley.

A larger property size could be formed with the amalgamation of the Natlan claim package to the north (privately held) and additional staking to the south. The Natlan project north of the Ace claims hosts similar porphyry mineralization with large untested Cu-Au-Ag soil anomalies outlined.