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Royalle mineral property for sale
 

Royalle mineral property for sale

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• Gold was first discovered in the Bridge River-Anderson Lake Gold District as placer in 1863 and in lode vein deposits in 1897. Total production from high-grade veins in the district has exceeded ...

• Gold was first discovered in the Bridge River-Anderson Lake Gold District as placer in 1863 and in lode vein deposits in 1897. Total production from high-grade veins in the district has exceeded 4.2 million ounces of gold - making the District the largest gold producer in B.C.'s history and also the largest in the Canadian Cordillera.

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    Royalle mineral property for sale Royalle mineral property for sale Document Transcript

    • Location  Located 175 km north of Vancouver and thirteen kilometers southeast of Bralorne, BritishColumbia, Canada - the Provinces largest and most famous gold mining camp. Reference NTSmaps 92J09 and 92J10, 50o52’N Lat., 122o37’W Long., MinFile No.s: 092JNE011, 092JNE013,092JNE014, 092JNE015, 092JNE036, 092JNE043, 092JNE044, 092JNE072, 092JNE143,092JNE145, 092JNE153, 092JNE156, 092JNE157, 092JNE158.Access  The Property is accessible by travelling south from Gold Bridge on the main Gold Bridge-Bralorne road for 5.5 km; thence by Kingman Lake Main logging road southeast along the northside of Cadwallader Creek for 19 km.Land Package  Sixteen contiguous MTO mineral claims covering 7,413 hectares in the Lillooet Mining Division.Ownership  John A. Chapman (50%) and KGE Management Ltd. (50%). Gerald G. Carlson is the Presidentand major shareholder of KGE Management Ltd.CompletedExploration  Gold was first discovered in the Bridge River-Anderson Lake Gold District as placer in 1863and in lode vein deposits in 1897. Total production from high-grade veins in the district hasexceeded 4.2 million ounces of gold - making the District the largest gold producer in B.C.shistory and also the largest in the Canadian Cordillera. First recorded work on the Piebiter property (aka Royalle) was in the early 1930’s when anadit reportedly contained a 21 m width of 4.3 g/tonne gold, with samples from trenching andvarious adits grading up to 8 oz/ton gold. In 1943, the Chalco/Lower Piebiter tungsten-copper zone was discovered. Drill testing fortungsten occurred in 1969 (Union Carbide Corporation) and again in 1979-80 and resulted ina reported "reserve" of 32,000 tons grading ~1% WO3. In the early 1980’s, the Chopper silver vein was discovered, with a strike length of 2,400 mand selected grab samples up to 1,585 g/tonne silver. During 1981 to 1991, Hudson Bay Exploration and Development, Teck Exploration Ltd.,Cogema Canada Ltd., and Du Pont of Canada Exploration Limited carried out mapping andsampling for gold (see Assessment Reports at BCGSB); Armeno Resources Inc. and TransAtlantic Resources Inc. (“Armeno Group”) acquired the Property and completed extensivegeological, geophysical and geochemical surveys. 1986-88: Armeno Group completed 6,368 m of core drilling and 139 m of undergrounddevelopment. Four target zones were explored – Piebiter, Chopper, Standard and Chalco.On the Upper Piebiter zone, drilling outlined a zone 15 to 35 m wide, 150 m deep andpotentially in excess of 600 m strike length. Gold values of up to 2.01 g/tonne gold over 9 mand 4.77 g/tonne gold over 1.5 m were reported. 1989-90: An IP survey and 1,286 m of reverse circulation drilling was completed during theearly winter months and gold values reported confirmed and extended the 1986-88 coredrilling on the Upper Piebiter zone. Allen, Bownlee and MacQuarrie reported in Assessment Report 15871, "data from the Royalgrid suggests a porphyry type exploration target, perhaps a porphyry molybdenum depositwith peripheral or telescoped lead-zinc-precious metal mineralization". The relatedgeochemical map shows elevated molybdenum in soils (>=10ppm) over an area 1,600meters long and 600 meters wide near the junction of Cadwallader Creek and StandardCreek (NE of junction). Covenant Resources Ltd. optioned the Property in 2007 and in 2008 commissionedAeroquest International Limited to complete a 320 line km AeroTEM II helicopter-bornegeophysical survey over the Property (Job #08062). Several EM and Magnetic anomalies
    • were defined. In 2009 Covenant commissioned C.J. Greig and Associates Ltd. to complete adigital data compilation of historical soil sampling, geological mapping and drilling on andnear the historical Piebiter, Royal, Standard, Butte-IXL, Chalco and Red Hawk MinFileareas. The maps generated targets for IP and for drilling, and formed part of an updated NI43-101 Report. Covenant relinquished their option on the Property in early 2010. Worthington Resources Ltd. optioned the Property in October 2010 and, in May 2011,contracted Geotech Ltd. to fly a ZTEM geophysical survey over the Property. ZTEM is anairborne geophysical technique used for distinguishing conductivity contrasts within theupper earth’s crust, to depths in excess of 1,000 m, and has proven to be an effective toolfor mapping large structures and alteration systems, such as those related to porphyrydeposits. The Royalle ZTEM survey effectively outlined the northwest-trending Cadwalladerbreak where it transects the Property, as well as a number of north-northwest and wet-northwest cross structures. Carpenter (2012 Royalle Assessment Report) concluded that theZTEM survey results, combined with earlier AeroTEM and MMI soil geochemical results, canbe used to define exploration targets. Key among these would be structural intersectionsand dilatational zones along major structures.Resources  No resource calculations have been conducted on the Property for gold. However, the UpperPiebiter zone (gold) and the Chalco Skarn zone (copper & tungsten) are advanced enough thatthey could be modeled and a resource calculated. The Upper Piebiter gold deposit is locatedbetween 1,500 meters and 1,900 meters elevation along the south side of Piebiter Creek, withroad access from the main Piebiter road. The Chalco Skarn deposit is located at 1,615masl onthe north side of Piebiter Creek near its confluence with Cadwallader Creek. There is roadaccess to the deposit from the main Piebiter road.AreaProduction At 1971, when production ceased, the Bralorne-Pioneer was the most prolific gold camp inBritish Columbia and retains that record to this date. The production is summarized below:Mine Period Production (tons) Gold Grade (oz/ton)Bralorne 1932-1971 5,474,000 0.52Pioneer 1914-1962 2,477,000 0.54Minto 1934-1940 89,000 0.20Wayside 1915-1937 43,000 0.13Bralorne Gold Mines Ltd. is currently developing the unexplored gaps between the historicBralorne, King and Pioneer gold mines. Together, these three historic mines represent thelargest historic gold producer in the Canadian Cordillera producing 4.1 million ounces of gold.Recent discoveries between the Bralorne and King mines have opened up significant newmineralization. Phase III exploration, now underway, is focused on expanding new zones andoutlining reserves for a 280 tpd operation. The current Bralorne mill operates at 120 tpd withample room for expansion. Bulk testing is complete with all permits in place.Geology  The Property lies along the southeast extension of a major gold-bearing structure, theCadwallader break, a part of the regional Bralorne fault system. The oldest rocks in the areabelong to the Pre-Permian Fergusson Group chert with some marble, schist, gneiss andhornfels, cut by younger greenstone. These are overlain by the Upper Triassic CadwalladerGroup, consisting of greenstone (mafic volcanics), overlain by argillite and siltstone with locallimestone and coarser clastic rocks. The Jurassic Taylor Creek Group consists mainly of coarseclastic sediments, believed to be derived from the Fergusson and Cadwallader Groups. Intrusiverocks include the Paleozoic Bralorne diorite, the Jura-Cretaceous President ultramafic rocks andthe Cretaceous Coast Plutonic Complex. The main controls on gold mineralization in the districtare the Bralorne-Cadwallader fault zone, proximity to serpentinized alteration and possibly theBralorne diorite intrusions. Alteration consists of carbonate and pyritization; gold shows aparticular association with mariposite-bearing quartz-carbonate rocks (listwanite) alongserpentinite contacts.
    • Environment  The Royalle property is located adjacent to the historic Bralorne-Pioneer mining camp in theBridge River – Anderson Lake Gold District that continues to be explored and operated. Inaddition, there is ongoing timber harvesting in the region providing good access to several areason the Property. The area is serviced from the local resource communities of Gold Bridge andBralorne. The Property is situated in the Bridge River and Anderson Lake watersheds boundedon the west by the Coast Range and on the northeast by the Shulaps Range. The area exhibitstypical U-shaped glaciated valleys and ragged ridge-lines.Potential  The potential in the Upper Piebiter zone is for a bulk tonnage gold deposit. The local geologicenvironment is similar to the Bralorne and Pioneer Mines, with gold mineralization at or near thecontact with altered ultramafic rocks. However, rather than being focused in a narrow quartz veinstructure, the gold here is dispersed within the adjacent schists. The Upper Piebiter lies betweenthe Chalco Skarn zone to the northwest and the Chopper Vein to the southeast. The three zonesmay form a continuous mineralized belt, with the high temperature gold-tungsten Chalco zonegrading through the Upper Piebiter zone into the lower temperature Chopper silver vein. TheChopper Vein appears to exhibit strong continuity, with local shoots that thicken up to 5m. Giventhe mesothermal nature and indicated zoning of this mineralized trend, gold may occur in theChopper Vein at depth, along and below the Upper Piebiter zone and towards the northwest atand near the Chalco Skarn zone.Status  The Property is located in the Pine Beetle zone and qualifies for a 30% BCMETC. The Royalleproperty is available for option. Contact John A. Chapman at 604.536.8356 (jacms1@telus.net)or Gerald G. Carlson at 604.816.3012 (gcarlson@telus.net).
    • ZTEM 90 Hz Resistivity (More conductive zones are red, resistive are blue)ZTEM – Total magnetic intensity map.