-
Technical Review
Lunar Project
British Columbia, Canada
NTS map area 094E/13 & 14 and 094L/04 & 03 BCGS Maps
094E.083, .084, .093, .094 and 094L.003
Latitude 57o 56' N Longitude 127o 25' W UTM Zone 09V (NAD 83):
0593800E/6422400N
British Columbia Minfiles: 094E 010, 060, 061, 204
Prepared for
Stratton Resources Inc. 700-1199 West Hastings Street
Vancouver, BC, Canada V6E 3T5
Effective date: October 24, 2011 Author Michael Moore, P.
Geo.
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TABLE OF CONTENTS Page
1.0 SUMMARY. ……………….…………………………………………………………..…....… 4 2.0
INTRODUCTION AND TERMS OF REFERENCE………….…………...…………………...8 3.0
RELIANCE ON OTHER EXPERTS……..…………………….….……………………………10 4.0 PROPERTY
DESCRIPTION AND LOCATION……………………...……………………… 10 5.0 ACCESS,
CLIMATE, LOCAL RESOURCES INFRASTRUCTURE
PHYSIOGRAPHY.............…..17 6.0
HISTORY………………………………….……………………………………………..……..18 7.0 GEOLOGIC SETTING
& MINERALIZATION………………………….…………………... 23 8.0 DEPOSIT
TYPE..……………………………….………………………...……………...……. 35 9.0
EXPLORATION……………………….…….………………………………….…………….. 38 10.0 DRILLING
………………………………….………………………………….…………….. 38 11.0 SAMPLE PREPARATION,
ANALYSES AND SECURITY …………………………………39 12.0 DATA
VERIFICATION/Quality Assurance/Quality Control……………………………..…....40
13.0 MINERAL PROCESSING & METALLURGICAL
TESTING………..……………………....41 14.0 MINERAL RESOURCE
ESTIMATES..…...……..........................................….......….....……41
15.0 MINERAL RESERVE
ESTIMATES……………………...……......……...............................….41
16.0 MINING
METHODS................................................................................................................….41
17.0 RECOVERY METHODS
........................................................................................................….41
18.0 PROJECT
INFRASTRUCTURE..............................................................................................….41
19.0 MARKET STUDIES &
CONTRACTS....................................................................................….41
20.0 ENVIRNOMENTAL STIDIES, PERMITTING, & SOCIAL-COMMUNITY
IMPACT.......….41 21.0 CAPITAL & OPERATING COSTS
.......................................................................…..…............42
22.0 ECONONMIC
ANALYASIS..................................................................…………....…...............42
23.0 ADJACENT
PROPERTIES.........................................................................…………..…............42
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24.0 OTHER RELEVANT DATA AND
INFORMATION...............................………….....………..42 25.0
INTERPRETATION AND CONCLUSIONS
..........................................…………......………...43 26.0
RECOMMENDATIONS
………....................................................................………...………....44
27.0
REFERENCES....................................................................………………………...………........46
28.0 AUTHOR CERTIFICATE AND SIGNATURE
.........................................................………..…48
LIST OF TABLES Table 4.2 Property Claim
Statistics………….……......................................................................…….12
Table 6.0 Exploration
Summary……….…….……......................................................................…….18
Table 7.1 Regional BC Minfile Occurrences…………………………………………………………..25
Table 7.2 1971 Lunar Diamond Drilling Summary
Data………..……………………………...……..31 Table 26.0 Proposed Exploration
Budget….....................................................………..................……45
LIST OF FIGURES Figure 4.1 Location
Map……………………...............................................................................…….13
Figure 4.2 Claim Map
………………………………..……………...…………..........................…….14 Figure
6.0 Historical Exploration Compilation
Map.....................................................................…….19
Figure 7.1 Regional Geology
Map..............................................................................................………24
Figure 7.2a Local Geology
Map..............................................................................................…...……28
Figure 7.2b Copper in Soil
Compilation....................................................................................………32
Figure 7.2c Copper in Silts Compilation
...................................................................................………33
Figure 7.2d Residual Magnetics
Regional..................................................................................………36
Figure 7.2e First Vertical Derivative Magnetics
Regional.........................................................………37
APPENDICES Appendix A Regional and Detailed Silt Sample Maps
Appendix B Author Site Examination Sample Analyses Certificates,
Sample Descriptions & Photos
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1.0 SUMMARY This technical report summarizes known information
pertaining to the early stage Lunar copper porphyry related target
exploration venture. The report describes the underlying geology of
the project area, summarizes the property‟s exploration history,
reviews the nature of property copper and subordinate silver
mineralization and makes recommendations for further exploration.
The report was prepared at the request of Stratton Resources Inc.
(“Stratton”) and was written under the guidelines of Canadian
National Instrument 43-101. The Lunar property is located in north
central British Columbia, Canada, approximately 160 kilometres
southeast of Dease Lake. The claims lie about 60 kilometres
southeast of the road accessible Kutcho Creek VMS deposit or 95
kilometres north of the Kemess North porphyry deposit. A seasonal
gravel road ends about 42 kilometres south of the southern limit of
the claims. The property consists of a single contiguous claim
block of thirty-nine mineral claims, covering 15,915 hectares or
39,326 acres. On August 17, 2011, Stratton acquired the property
claims by agreeing to a cash payment of $70,000 for 100% ownership
of the property claims and also a 2.75% net smelter return royalty.
An aggregate total of 500,000 Stratton common share payments will
be made should the company elect to spend a total of $10.0 million
on exploration. A onetime cash payment of $500,000 is payable after
a positive feasibility study and a positive production decision.
The net smelter royalty can be reduced to 1.25% at any time via a
$1.5 million payment. The Lunar claims are registered to AZ Copper
Corp., a private BC registered company and wholly owned subsidiary
of Stratton. The property is best accessed by helicopter from Dease
Lake, which is the closest full service community providing
infrastructure and skilled manpower. Dease Lake is accessible via a
good all weather highway, from Smithers (600 km to the south) and
Watson Lake (250 km to the north). There is no infrastructure on
the property to assist exploration. Other nearby access points to
be considered are the Kutcho Creek dirt airstrip (~60 km northwest)
and also the Sturdee airstrip about 70 km south. No exploration
permits or reclamation bonds are in place for future large scale
mineral exploration. Past work completed by previous
explorationists has had very limited surface disturbance and
pre-date requirements for modern type exploration permits. The
recommended exploration programs will require BC Provincial
permits, cash bonding and First Nation consultations to proceed. To
the best of the author‟s knowledge there are no existing
environmental liabilities for the property. Lunar claims overlap
the boundary of the Northeast-Central and Northwest BC mining
divisions. There are no First Nations reserves located on or
immediate proximity of the Lunar claims. The property is located
within the traditional lands of Kaska First Nation. A treaty group
made up of the Kaska Dena Council, Liard First Nation (Yukon) and
Ross River Dena Council (Yukon). The British Columbia Treaty
Negotiations with the Kaska Nation is currently at stage 4
(agreement-in-principle negotiations stage) of the six-staged
process and has no definitive time line to completion. To the best
of the author‟s knowledge, there has been no past consultation with
the First Nation Bands for any past Lunar exploration. The Kaska
Dena Council is the main contact for Stratton‟s First Nation
consultations. Importantly, the Kaska Dena Council has previously
formed partnerships with exploration-exploitation companies who
have operated on their traditional lands.
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The property is located within the Cassiar Mountains of the
Stikine Range, just south of the continental divide between the
Arctic and Pacific watersheds. The claim block covers much of the
northern portion of the Lunar Creek drainage system flowing north
into the Pitman River, which in turn drains westward into the major
Stikine River system. Topography is typical of a rugged glaciated
alpine terrain having broad U-shaped valleys which locally exhibit
precipitous slopes with large talus aprons, sharp peaks and ridges.
Property elevations range from 4,100 to 6,600 feet, with the
alpine-tree line at approximately 5,200 feet. Property rock
exposure is sparse, with most of the outcrops being either
inaccessible cliff faces or high alpine exposures. Soils are very
poorly developed, as glacial debris is more common on hill sides
and valley bottoms. The property is generally free of snow from
early June through October. Winters are cold and dry, while summers
are cool and moist. An extensive snow pack will prohibit most
winter work, particularly on those portions of the property at
higher elevations, where avalanche hazards exist. Regionally, Lunar
is underlain by the accreted Stikine and Quesnel terranes, which
are mainly composed of island arc, plutonic and sedimentary rocks.
Rocks of the Quesnel terrane include mid Triassic to lower Jurassic
Takla Group mafic volcanics and the mid Triassic Lunar Creek
Ultramafic Complex. The oldest lithologies in the region are
Stikine terrane mixed greenstone metamorphics and undivided
sediments of the Asitka Group. Also included within the Stikine are
mixed marine sediments and volcanics of both the upper Triassic
Stuhini Group and lower Jurassic Hazelton Group. Early Jurassic to
Cretaceous Guichon Suite granitoids, particularly the Pitman pluton
granites, intrude most of the older lithologies found in both the
Stikine and Quesnel terranes. Regional structure is dominated by a
system of northwest, north and east trending faults that reflect a
complex history of sinistral strike-slip and extensional
deformation. The major northwest trending Kutcho Fault defines the
boundary between the Stikine and Quesnel terranes. On a local
scale, the Lunar property is located on the east side of the major
northwest trending Kutcho fault and is dominantly underlain by
early Jurassic Pitman Granitic pluton (Guichon Suite - Quesnel
Terrane). The mid Triassic Lunar Creek Ultramafic Intrusion Complex
and small slivers of mid Triassic to lower Jurassic Takla volcanics
rocks are found on the southwest portion of the property. Pitman
granitoids are high fractured and variably metamorphosed (locally
to amphibolite facies) and vary from leucocratic granite to
granodiorite to biotite-quartz-hornblende monzonite gneiss.
Property structures are dominated by a system of west-northwest,
north and east trending faults, shears and fractures, with fabrics
ranging from brittle joints and faults to ductile mylonitic shears.
The property has been explored intermittently since 1970 with the
majority of work completed by El Paso Mining and Milling Company.
The company, over six years (1970 to 1976) carried out exploration
programs which included prospecting, control grid lines,
silt-rock-soil sampling, geological mapping, an IP geophysical
survey and five shallow diamond drill holes. In 1981, Hinterland
Resources completed a follow-up IP geophysical survey over the main
target area. Later in 2006, Hard Creek Nickel Corp. completed a
prospecting program on Lunar Creek Ultramafic Complex, exploring
for nickel-copper-PGE potential. The property‟s priority
exploration target is located in the centre region of the claim
block within an area measuring about 2.5 by 1.5 kilometres. The
priority area includes the property‟s notable mineral occurrences,
IP geophysical anomalies and soil anomalies. Detailed historical
exploration efforts, which have been largely confined to this area,
have identified porphyry related copper mineralization in two small
copper skarns and at least three (perhaps five?) parallel zones of
west-northwest trending,
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steep north dipping shears or gneissic bands. These biotite
quartz monzonite gneissic bands are the property’s primary copper
mineralization target, as they contain irregular disseminations of
fine grained pyrite, magnetite, chalcopyrite (rare bornite) and
common malachite staining. The biotite quartz monzonite
schist/shear/gneiss bands form alternating assemblages which have
reported interpreted widths up to 370 metres and lengths of 240
metres. The density and extents of the parallel zones is not well
understood as overburden cover has hindered geological
interpretation and north-south faults reportedly truncate-offset
the units. Exposures of malachite coated fractures are widely noted
on the property, particularly the along cliff exposures in the
Lunar Creek Valley. Rock chip samples collected from the
copper-garnet-epidote skarns showings have yielded a highlight
result of 0.46% copper and 1.16 ppm silver over 7.62 metres (Zone
1). In 1971, a five diamond drill hole campaign tested soil
anomalies, a IP chargeability anomaly and a surface showing. A
total of 905 metres of AQ diameter core was drilled. All holes,
except W-4 (no samples collected) yielded anomalous copper values
over varying, generally narrow intervals. DDH W-3, drill tested a
surface showing of copper enriched biotite monzonite gneiss bands,
which reported a highlight result of 53.95 metres of 0.23% copper,
0.8 ppm silver and 0.3 ppm gold (including 3.05 metres of 1.2%
copper, 5.5 ppm silver and 0.65 ppm gold). Property soils are very
poorly developed consisting of slumped glacial debris and/or
locally derived rock-grit material. Detailed soil sampling
completed in the center of the property generated numerous
individual spot high copper values particularly in a broad region
where the overburden is thin and outcrop more abundant. This broad
copper anomaly is loosely coincident with the property‟s best
exposures of biotite quartz monzonite gneissic bands. The soil
anomalies do not well coincide with elevated copper mineralization
revealed in the 1971 drilling. Two induced polarization geophysical
surveys have been carried out on the central area of the Lunar
property. Together, the 1970 and 1981 overlapping surveys have
outlined a number of WNW trending, laterally extensive
chargeability anomalies which are attributed to elevated sulphides
within the target biotite gneiss rocks. Many of these chargeability
anomalies are open ended and measure at least 1,000 metres long by
300 metres wide. Very limited drill testing of some of these
anomalies has identified disseminated pyrite, magnetite and
chalcopyrite within mixed monzonite and biotite gneiss bands. A
number of secondary chargeability and resistivity anomalies has
been identified and are attributed to either paralleling or cross
cutting fault structures. Detailed silt sampling in the immediate
vicinity of the priority area (i.e. the northern half Lunar Creek
and its tributaries) has successfully outlined the regional extents
of the property‟s main target area. Interestingly, an
east-southeast trending river off Lunar Creek (opposite the main
1970 IP anomaly and drill holes 1 and 2) show elevated copper
values and therefore may indicate significant expansion potential
in overall target area. BC government regional silt samples have
been collected from the property and surrounding area. While
sampling coverage of drainages outside the property‟s priority
target area is not wholly comprehensive, results do indicate that
there are a number of drainages on and outside of the property
limits with moderately anomalous copper, gold and molybdenum values
which warrant follow-up investigation.
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The report author inspected the property on August 23, 2011. The
independent property audit includes a project site examination,
review of property geology, styles of mineralization-alteration and
rock sample collection. The author reports that, overall, geology,
mineralization and showings referred to in the historical records
are genuine. Independent visual assessments and rock samples
collected by the author have confirmed the copper porphyry related
nature of reported mineralization. The author‟s sampling results
indicate that elevated copper concentrations are moderately
coincident with anomalous silver values. Other base and precious
metals appear to show no positive correlation with copper. Typical
pathfinder elements, such as molybdenum, arsenic, mercury,
tungsten, tin, bismuth and rhenium show no correlation to elevated
copper numbers. It is recommended herein that Stratton carry out
additional exploration efforts on the Lunar property. At an
estimated cost of $1.0 million, the Phase One program should focus
on establishing a large cut line control grid over the priority
region. This grid should be geophysically surveyed by magnetics
& VLF-EM and also 3D inversion induced polarization.
Experienced geologists should detail geological map and prospect
the entire grid. Additionally, the company should follow up on
anomalous silt samples within and outside the property limits and
plus silt sample and prospect lesser known property drainages. The
size and scope of the Phase Two program, consisting of about 4,500
metres of diamond drilling priority geophysical targets and surface
showings, would be contingent on the results of Phase One
explorations. A preliminary budget of $2.0 million is
suggested.
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2.0 INTRODUCTION AND TERMS OF REFERENCE 2.1 Introduction This
technical report summarizes the exploration history and geological
information for the early staged Lunar copper porphyry project. The
property is located in north central British Columbia Canada,
approximately 160 km southeast of Dease Lake or 95 kilometres north
of the Kemess North Cu (±Ag-Au) porphyry deposit. Past property
exploration efforts have focused on combined copper soil and IP
chargeability anomalies underlain by granitiod intrusives, located
in the central property area. The Lunar claims overly an
under-explored copper porphyry-type target. Stratton Resources Inc.
has recently secured 100% of the mineral rights to the Lunar
property, via a purchase-sale agreement. Recommendations contained
herein are for a Phase One exploration program including cut line
grid establishment, rock & silt sampling, ground geophysical
surveys and detailed geological mapping and prospecting. Priority
exploration targets identified would be the focus of the
recommended Phase Two drill program. 2.2 Terms of Reference Richard
Haslinger, chief operating officer of Stratton Resources Inc.
requested the author review the Lunar Project and prepare a
technical summary for the property. This report has been prepared
under the guidelines of Canadian National Instrument 43-101 ("NI
43-101") and is to be submitted as a Technical Report to the TSX.V
stock exchange (“TSX.V”) and the BC Securities Commission ("BCSC").
Stratton is a publically trading company with shares trading on the
TSX Venture Exchange (symbol SI), with an office at 700-1199 West
Hastings Street, Vancouver BC V6E 3T5. Stratton‟s legal counsel is
McMillan LLP, with an office at 1055 West Georgia Street, Suite
1500, PO Box 11117 Vancouver, British Columbia V6E 4N7. Homegold
Resources Ltd is a private British Columbia registered company with
an office Unit 5 - 2330 Tyner Street, Port Coquitlam, BC V3C 2Z1
and is solely owned by Johan Shearer. Xstract Resources Inc. is a
private British Columbia registered company with an office at Suite
302 - 675 West Hastings Street Vancouver, BC and has multiple
shareholders. AZ Copper Corp. is a private BC register company and
wholly owned subsidiary of Stratton. All currencies are in Canadian
dollar denominations and measurements are in metric units (unless
noted otherwise). The author has reviewed the geologic data
provided by Stratton. While visiting the property in August 2011,
M. Moore examined select showings and reviewed the historically
reported styles of mineralization and alteration. 2.3 Purpose of
Report The purpose of this report is to submit an independent
evaluation of the exploration potential of the Lunar Project and to
summarize the underlying data from which that assessment is made.
Recommendations are made herein to undertake further exploration in
order to determine the extent of mineralization currently known on
the property. The report conforms to the guidelines of Canadian
National Instrument NI 43-101.
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2.4 Sources of Information Sources of information utilized in
the creation of this report include exploration, geological and
other reports available in the public record and from private
corporate files. Where cited, references are referred to in the
text by author and date. Complete references are provided in
Section 27. This report relies largely on the information contained
in private corporate reports, published British Columbia Government
reports and maps and also BC Government A.R.I.S. Assessment Report
files. Recommendations made herein are based primarily on these
documents. The author conducted a research study of all available
reports, publications and other documented results concerning the
project. These studies were undertaken through via various British
Columbia & Canadian Government websites and company specific
searches on SEDAR. The author has had conversations with Stratton‟s
principals and its legal counsel regarding the property‟s corporate
files and also regarding Stratton‟s plans for the Property. 2.5
Field Examination The author of this report, Michael Moore P. Geo,
conducted a field visit to the Lunar property on August 23, 2011.
The following objectives were accomplished: project site
examination, inspection of select showings and a review of geology
and styles of mineralization and alteration reported in the
historical records. The author believes that sufficient sites of
significance were inspected to make a quality assessment of the
Lunar property. 2.6 Definitions cm centimetre(s) ft feet DDH
diamond drill hole (core) FA fire assay in. inch(es) kg kilogram km
kilometre(s) lb pound ton (s) imperial short ton tonnes metric ton
m metre(s) mi miles Ma millions of years oz Au/t ounces of gold per
short ton opt ounces per ton ppb parts per billion ppm parts per
million gpt grams per tonne Outcrop: a surface exposure of bedrock
Subcrop: a poor exposure of bedrock, which is not fully in place
Float: rock found on surface from an undetermined bedrock source
Silt or stream sediment sample: transported fine materials
collected from a stream or river drainage for the purposes of
regional reconnaissance geochemical surveying. All currencies are
in Canadian dollar denominations and measurements are in metric
units (unless noted otherwise).
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Lunar Project, October 2011 Stratton Resources Inc.
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3.0 RELIANCE ON OTHER EXPERTS The author has relied on both
private corporate and publicly available information on the Lunar
Project. Critical components include historical property assessment
reports, private company reports, BC and Canadian Federal
Government publications and websites. The author has reviewed the
private and public data and believes them to be accurate and
reliable in their collection, disclosure and analysis of results
and therefore can be relied upon and can be used for project
evaluation and determination of value of the project. In cases of
uncertainty, the author has qualified that information with
accompanying clarification and explanation. The author, not an
expert in legal matters, is required by NI 43-101 to include a
description of the property title, terms of legal agreements and
related information in Section 4.2 of this report. The author has
relied on property agreement information provided by Stratton and
claim information from British Columbia Mineral Titles Office in
order to provide summaries of title, ownership and related
information. The property agreements and other relevant legal
documents were prepared or reviewed by Stratton legal counsel
McMillan LLP. The author has relied on the expert opinion and
documents provided by Richard Haslinger (COO Stratton Resources),
Peter Rees (CFO Stratton Resources) and also McMillan LLP in these
matters; via emails in September and October 2011. A careful review
of the Lunar claim title information was conducted by the author on
October 21, 2011, via the British Columbia Mineral Titles inquiry
website. The results of this review are discussed in Section 4.2 of
this report. An independent verification of land title and tenure
was not performed and as such this report does not represent a
legal title opinion. 4.0 PROPERTY DESCRIPTIONS AND LOCATIONS 4.1
Area and Location The Lunar property is located in the north
central British Columbia, Canada, approximately 160 km southeast of
Dease Lake. The property is centred approximately at latitude 57º
56‟ North and longitude 127º 25' West (UTM Zone 09V
0593800E/6422400N NAD 83) on NTS maps 094E/13 & 14 and 094L/04
& 03 (or BCGS Maps 094E.083, .084, .093, .094 and 094L.003)
(Figure 4.1). The property is approximately 95 km north of the
Kemess North Deposit (136.5 billion tonnes 0.29% Cu, 0.558 gpt Au,
2.1 gpt Ag indicated resource – BC Minfile 094E 021). The claims
are 60 km southeast of the Kutcho Creek VMS Deposit (11.3 million
tonnes of 2.19% Cu, 3.28% Zn, 0.39 gpt Au & 36.7 gpt Ag
measured + indicated resource - JDS 2011). 4.2 Claims and Title The
Lunar property consists of a single contiguous claim block of
thirty-nine mineral claims, covering 15,915.23321 hectares or
39,326.001 acres, within the Northeast-Central and Northwest Mining
Divisions (Figure 4.2). The individual claim statistics are
summarized in Table 4.2 below. The claims do not have to be legally
surveyed as they were staked via the BC Ministry of Energy and
Mines mineral titles online system. The property claims have a good
standing date ranging from Dec 20, 2011 to October 07, 2012. The
surface rights holder for the land covered by the Lunar claims
are
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property of the “Crown”, i.e. the Province of British Columbia
(notwithstanding the ongoing First Nation treaty negotiations). By
virtue of the Mineral Tenure Act of the Province of British
Columbia and the recently finalized property purchase agreement,
Stratton has the right to access for the purposes of conducting
mineral exploration the land it legally owns. The sole registered
owner for the Lunar claims was Johan Thom Shearer (MTO Client #
124452) of Port Coquitlam BC. Shearer controls the BC registered
private company Homegold Resources Ltd. On June 01, 2011, Shearer
and Homegold entered into a Letter of Intent agreement for the
Lunar Property with the private BC Company Xstract Resources Inc.
On August 17, 2011, Stratton entered into a 100% purchase-sale
agreement with both Homegold Resources Ltd and Xstract Resources
Inc. to acquire the Lunar mineral claims. This agreement has an
effective date of August 17, 2011, as the TSX Venture exchange
authorities waived formal agreement approval which would have
affected the agreement effective date under the terms of the
agreement. On October 19, 2011, ownership of all property claims
were transferred to AZ Copper Corp (MTO Client # 246901), a wholly
owned subsidiary of Stratton. Stratton has paid a cash payment of
$70,000 for 100% ownership of the property claims and also pay a
2.75% net smelter return royalty. An aggregate total of 500,000
Stratton common share payments will be made should the company
elect to expend a total of $10.0 million on exploration. A onetime
cash payment of $500,000 is payable after a positive feasibility
study and a positive production decision. Details of this agreement
are as follows.
(1) On effective date, Stratton will pay to Xstract $70,000
against transfer property titles (complete); (2) On effective date,
Xstract will issue 500,000 Xstract Shares to Homegold, which will
result in
approximately 4.5 million Xstract Shares outstanding (complete);
(3) Upon 2.0 million in exploration expenditures, Stratton will
issue 50,000 Stratton Shares to each of
Homegold and Xstract (totalling 100,000 shares); (4) Upon
spending an additional $3.0 million (totalling $5.0 million) in
exploration expenditures,
Stratton will issue to Xstract a further 150,000 Stratton
Shares; (5) Upon spending an additional $5.0 million (totalling
$10.0 million) in exploration expenditures,
Stratton will issue to Xstract a further 250,000 Stratton
Shares; (6) After a positive feasibility study and a decision to
advance the project to commercial production is
made, Stratton will make a one-time cash payment of $500,000 to
Homegold; (7) If 72 months has passed from the effective date and a
payment as contemplated in (6) above is
owing and has not been made, advance royalties of $12,000 per
annum payable by Stratton to Homegold will commence.
Stratton has agreed to pay to Homegold a net smelter royalty of
2.5%. 60% or 1.5% of this royalty can be bought out at any time for
$1.5 million. Additionally, a net smelter royalty of 0.25% is also
payable to Xstract. Homegold and Xtract and their
officers-directors are bound by an „area of interest‟ of within a
three mile (4.82 km) perimeter around the outside of the property
boundary from staking additional ground.
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Lunar Project, October 2011 Stratton Resources Inc.
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Table 4.2: Lunar Property Claim Statistics Tenure Number Issue
Date Good To Date Area (ha) Claim Name
841322 2010/dec/20 2011/dec/20 412.4689 LUNAR CREEK 1 841323
2010/dec/20 2011/dec/20 412.4897 LUNAR CREEK 2 848654 2011/mar/11
2012/mar/11 412.2370 LUNAR CREEK 3 848656 2011/mar/11 2012/mar/11
412.2612 LUNAR CREEK 4 848657 2011/mar/11 2012/mar/11 412.4997
LUNAR CREEK 5 848658 2011/mar/11 2012/mar/11 412.4708 LUNAR CREEK 6
848702 2011/mar/12 2012/mar/12 412.4729 LUNAR CREEK 7 848703
2011/mar/12 2012/mar/12 412.6853 LUNAR CREEK 8 848704 2011/mar/12
2012/mar/12 412.2402 LUNAR CREEK 9 848705 2011/mar/12 2012/mar/12
412.0755 LUNAR CREEK 10 855508 2011/may/24 2012/may/24 429.1910
LUNAR CREEK 11 855509 2011/may/24 2012/may/24 429.0524 LUNAR CREEK
12 855510 2011/may/24 2012/may/24 411.8324 LUNAR CREEK 13 855511
2011/may/24 2012/may/24 411.6784 LUNAR CREEK 14 855512 2011/may/24
2012/may/24 428.7953 LUNAR CREEK 15 855513 2011/may/24 2012/may/24
411.5541 LUNAR CREEK 16 855514 2011/may/24 2012/may/24 428.6283
LUNAR CREEK 17 855515 2011/may/24 2012/may/24 412.2199 LUNAR CREEK
18 855516 2011/may/24 2012/may/24 412.4349 LUNAR CREEK 19 855517
2011/may/24 2012/may/24 429.9170 LUNAR CREEK 20 855519 2011/may/24
2012/may/24 412.7155 LUNAR CREEK 21 855520 2011/may/24 2012/may/24
412.8538 LUNAR CREEK 22 855530 2011/may/24 2012/may/24 412.9602
LUNAR CREEK 23 855531 2011/may/24 2012/may/24 412.9921 LUNAR CREEK
24 855532 2011/may/24 2012/may/24 413.1350 LUNAR CREEK 25 855533
2011/may/24 2012/may/24 413.2797 LUNAR CREEK 26 855534 2011/may/24
2012/may/24 413.2373 LUNAR CREEK 27 855535 2011/may/24 2012/may/24
430.1686 LUNAR CREEK 28 855536 2011/may/24 2012/may/24 430.1382
LUNAR CREEK 29 855537 2011/may/24 2012/may/24 430.3378 LUNAR CREEK
30 906909 2011/cot/07 2012/oct/07 394.2608 LUNAR CREEK 31 906929
2011/oct/07 2012/oct/07 430.0175 LUNAR CREEK 31 906969 2011/oct/07
2012/oct/07 430.4735 LUNAR CREEK 34 907149 2011/oct/07 2012/oct/07
430.1135 LUNAR CREEK 35 907209 2011/oct/07 2012/oct/07 429.9481
LUNAR CREEK 36 907229 2011/oct/07 2012/oct/07 429.9170 LUNAR CREEK
37 907249 2011/oct/07 2012/oct/07 429.1779 LUNAR CREEK 38 907289
2011/oct/07 2012/oct/07 430.3018 LUNAR CREEK 39
Total Area 15,915.2332 hectares
NOTE: The claim information of Table 4.2 is not a legal title
opinion but is a compilation of claims data based on the author's
review of the government of the British Columbia Mineral rights
inquiry web site (October 21, 2011). The claims are located in on
BCGS Maps 094E.083, .084, .093, .094 and 094L.003 In order to
maintain the Lunar Property mineral tenures in good standing with
respect to the Provincial Government of British Columbia, certain
annual cash payments (cash in lieu of work) or equivalent
exploration expenses in on-the-ground based exploration work must
be applied to the claims (supported by assessment reports in the
case of exploration work). Expenses from valid exploration programs
can be applied to the mineral titles within one calendar year of
when the work was performed and can extend the expiration dates of
the property for up to a maximum of ten years.
-
FIGURE 4.1Date: October 2011
Stratton Resources Inc.
LunarNorth Central British Columbia, Canada
LOCATION MAP
BritishColumbia
Misc. Distances
- Kutcho Creek 60km NW- Al Deposit road access 42 south- Sturdee
airstrip70km south- Dease Lake 160km NW- Watson Lake 250 north
0 100 200
kilometres
Yukon
Alaska
B.C.
Waston Lake
Dease Lake
IskutTelegraph Creek
Bell II
Granduc
GroundhogCoal
Mt. KlappanCoal
Eskay Ck.
GnatPass
Snip
Schaft Ck.
GoldenBear
PolarisTaku
Table Mt.
Tulsequah Chief
Cassiar
Ruby Ck.
Copper Canyon
GaloreCreek
Stewart
MeziadanJunction
Atlin
Park
Park
4x4 road
37
16
1
97
37
Kemess
Sturdeeairstrip1,600m
Kutchoairstrip900m
Al
SilbacPremier
RedChris
Sustut
KutchoCreek
Cheni, Baker, Shasta
LUNAR
Railway
-
0 4.0 8.0
kilometres
Outline of property
2000200
0
2000
855514
855516
FIGURE 4.2Date: October 2011
Stratton Resources Inc.
LunarNorth Central British Columbia, Canada
CLAIM MAP
Map Source BC Minfile Website (http://webmaps.gov.bc.ca) October
21, 2011 NAD 83Location: BCGS Map Sheets 094E.083, .084, 093, .094
and 094L.003
Contour interval 200 metres
BC Minfile occurence
Pitman River Protected Area
Stikine River Provincial Park
SpatsiziPlateau
Park
6420 000N
BritishColumbia
590 000E
Kutcho Creek
Denetaih Park
-
Lunar Project, October 2011 Stratton Resources Inc.
15 M Moore P. Geo
4.3 Environmental Liability, Permits, Bonds & other
Significant Risk Factors The author, not an expert in political,
environmental and societal matters, is required by NI 43-101 to
comment on the environmental, permitting, First Nation treaty
negotiations, social and community factors related to the project.
To this end, the author has relied on British Columbia and Federal
publications, reports and websites, guidance by Stratton and its
legal counsel and BC government representatives and also a general
working knowledge of the mineral exploration industry in British
Columbia. The author has reviewed these data and believes them to
be accurate and reliable in their collection and disclosure. In
general, exploration, development and mining projects in British
Columbia require a high level of environmental and societal
conscientiousness. Therefore all of Stratton‟s future work must
bear this high standard in-mind. To the best of the author‟s
knowledge there are no existing environmental liabilities for the
property, as Lunar is an early stage exploration venture and has
seen only minor historical work. During the author‟s 2011 property
visit, the abandoned 1970‟s camp site, drill area and mineralized
outcrops were visited. At the 1970‟s camp site are a collection of
dilapidated wood structures, abandoned fuel drums (contents
unknown) and a small garbage dump of discarded metal and glass. A
fly over of an old drill site (ddh W-3) noted some abandoned drill
pipe and a few rusted fuel drums (contents unknown). As part of the
recommended Phase One exploration program, Stratton should visit
the old camp and drill sites and complete a simple cleanup of the
abandoned fuel drums, metal debris and burn wood waste. No
exploration permits or reclamation bonds are in place for future
large scale mineral exploration. Past work completed by El Paso
Mining and Mining Company has had very limited surface disturbance
and pre-date requirements for modern type exploration permits. When
a larger scale exploration program is contemplated for the
property, work permits, cash reclamation bonding and First Nations
consultations will be required. No archaeological studies have been
carried out at Lunar. Property claims overlap the boundary of the
BC Mining divisions of Northeast-Central (Prince George office) and
Northwest (Smithers office), although most of the property claims
are within the Northeast-Central division. For all exploration and
development permits for the Lunar project, Stratton can elect to
deal with either regional office. The majority of the property lies
within the Omenica Forest Region (Mackenzie District – Mackenzie
office) of the British Columbia Ministry of Forests. The southwest
corner of the property lies within the Skeena Forestry Region
(Skeena Stikine District –Smithers). The property is included
within a vast hunter-outfitter area managed by Upper Stikine
Adventures of Telkwa BC, run by Jerry Geraci. There are no First
Nations reserves located on or in immediate proximity of the Lunar
claims. The property is located within the traditional lands of
Kaska First Nation; a treaty group made up of the Kaska Dena
Council, Liard First Nation (Yukon) and Ross River Dena Council
(Yukon). The Kaska Dena Council is a society incorporated under the
Society Act of British Columbia. It includes the Dease River and
Kwadacha bands and Lower Post First Nation (Daylu Dena Council).
Canada does not classify the Lower Post First Nation as a band, but
rather as one of eight reserves belonging to the Yukon-based Liard
First Nation.
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Lunar Project, October 2011 Stratton Resources Inc.
16 M Moore P. Geo
The Kaska Dena Council (KDC) (offices in Lower Post BC) entered
the British Columbia treaty process in January 1994. In July of
2000, Ross River Dena Council and Liard First Nation received
mandates at the Kaska Annual General Assembly to work together with
the Kaska Dena Council and a revised statement of intent, which
included the two Yukon bands, was accepted by the British Columbia
Treaty Negotiations (BCTC). Negotiations were in Stage 4 of the
six-stage process, negotiation of an agreement in principle, when,
in March 2003, Canada suspended its participation in negotiations
with both the BC and Yukon Kaska Nation bands due to outstanding
legal issues. The Kaska have since put their litigation into
abeyance and Canada has re-engaged the Yukon Kaska and Yukon
Territorial Government in tripartite negotiations under the Yukon
First Nations Umbrella Agreement. Canada and the Province resumed
treaty negotiations with KDC in 2008. The parties have tabled and
discussed several agreements in principle chapters, as well as
linkages to Strategic Engagement Agreement negotiations now
underway with the BC Integrated Land Management Bureau. The author
is not aware of any conclusive publically available final agreement
details. Interestingly, in November 2010, KDC and Silvercorp Inc
entered into a Memorandum of Understanding with respect to the
Silvertip Project which is located in Kaska traditional territory.
The MOU establishes an effective partnership between the Silvercorp
and the Kaska communities which includes a joint objective of
maximizing Kaska employment during the exploration, construction
and operation of the Silvertip Project. To the best of the author‟s
knowledge, there has been no past consultation with the First
Nation Bands for any historical Lunar exploration work. Federal and
Provincial governments have indicated that explorationists have “a
duty to consult First Nations peoples and accommodate their
concerns”. In keeping with this initiative, governments strongly
recommend that mining companies maintain dialog with local First
Nation communities so activities can be coordinated to avoid any
conflict with exploration and related activities. During the
permitting stage of any proposed work, Stratton should notify and
consult with the Kaska Dena Council of its plans via written, phone
and/or direct correspondence. At the initial stages, these
consultations should be conducted in concert with BC Ministry of
Energy, Mines and Petroleum Resources mineral exploration
permitting personnel, so as to simplify and speed the process and
also to avoid duplicative efforts. The author recommends that the
First Nation notifications occur on a regular basis, so as to help
to foster a good relationship and also that Stratton keep
comprehensive records of the timing and details of all
communications. Additionally, Stratton should consider offering
seasonal exploration related employment to qualified band members
when practical and appropriate. The author is not aware of any
significant risks or uncertainties or any reasonably foreseeable
impacts thereof that could reasonably be expected to affect the
Lunar project future potential, other than uncertainties related
the ongoing First Nation treaty negotiations.
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Lunar Project, October 2011 Stratton Resources Inc.
17 M Moore P. Geo
5.0 Accessibility, Climate, Local Resources, Infrastructure,
Physiography (Figures 4.1 & 4.2) The Lunar property is located
in north central interior of British Columbia, Canada,
approximately 160 km southeast of Dease Lake. Dease Lake is a
community of about 650 people and has basic services such as an
airstrip, medical clinic, school, restaurants, college extension
campus, grocery store and hotels. The Dease Lake area offers a pool
of potential project employees that would be supplemented with
people from outside the region. The community is accessible via all
weather highway 37, from Smithers (600 km to the south) and Watson
Lake (250 km to the north). Dease Lake is 400 km from the Pacific
Ocean port of Stewart. There are is no infrastructure on the
property to assist exploration. The property is best accessed by
helicopter from Dease Lake. Other nearby points of interest and
accessibility include the following.
- A small lake along Lunar Creek is located about 1 km south of
the southern limit of the property and maybe accessible by small
fixed wing aircraft.
- Kutcho Creek deposit, located about 60 km to the northwest of
the property, is accessible from highway 37 by a 100 km long
seasonal 4x4 dirt road and also has a 900 m gravel airstrip located
at the junction of Kutcho and Andrea Creeks (JDS 2011).
- The dirt road and airstrip accessible North Kemess deposit is
about 95 km to the south. - The Sturdee Airstrip (1,600m long) is
about 70km to the south. - Past the Sturdee Airstrip is a spur off
the main Omenica resource access road called the
Metsantan extension. This seasonal gravel road terminates at the
Al Deposit (Minfile 094E 079), about 42km south of the southern
limit of the Lunar claim block.
- The community of Waston Lake, Yukon is about 250 km north. The
property is located within the Cassiar Mountains of the Stikine
Range, just south of the continental divide between the Arctic and
Pacific watersheds. The glacially derived topography is rugged with
elevations ranging from 1,250 (4,100 feet) to 2,000 (6,600 feet)
metres, with the alpine-tree line at approximately 1,600 to 1,700
metres. The claim block covers much of the northern portion of the
Lunar Creek drainage system. The north limit of the claims is near
the Lunar Creek confluence with the Pitman River (Pittman River
Protected area), which drains westward into the major Stikine River
system. The eastern side of the claim block loosely follows Lunar
Creek, with much of the property covering the west slopes of the
Lunar Creek Valley and slightly beyond. The property extends to the
southeast, crossing Lunar Creek to include an unnamed rugged
mountain. The south-central area of the property marks the
watershed divide between the north and south flow regimes of Lunar
Creek itself. To the south, the river flows into the Chukachida
River (Chukachida Protected Area) and then into the Stikine River
(Stikine River Provincial Park). Lunar Creek and its tributaries
will provide abundant water for exploration and related drill
programs. The property climate is typical of the north central
Cassiar Mountain region of British Columbia, being generally free
of snow from early June through October. Winters are cold and dry,
while summers are cool and moist. At Kutcho Creek, about 60 km to
the northwest, the average annual temperature is about -1º C (range
+35 to -51º C) and the total annual precipitation is about 500mm,
half of which is snow (JDS 2011). An extensive snow pack on the
Lunar claims will prohibit most winter work, particularly on those
portions of the property at higher elevations, where avalanche
hazards exist.
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Lunar Project, October 2011 Stratton Resources Inc.
18 M Moore P. Geo
Topography is typical of a rugged glaciated alpine terrain
having broad U-shaped valleys which on a local scale, often exhibit
precipitous slopes with large talus aprons, sharp peaks and ridges.
In general soils are very poorly developed, with sparse and
irregular coverage being limited to lower slopes and valley
bottoms. Glacial debris is wide spread through valley bottoms. The
property glacial transport direction is from south to north (Taylor
1976). Property rock exposure is sparse, with most of the outcrops
being either inaccessible cliff faces or alpine exposures. The
sub-alpine valley regions of the property are covered by dense
stands of stunted black spruce trees which give way to grass and
lichen at higher elevations. The combination of dense spruce trees,
steep/rugged variable terrain and coarse blocky talus or felsenmeer
slopes can make walking and grid line establishment difficult. 6.0
HISTORY The following exploration history of the Lunar property is
compiled from multiple BC government assessment and two private
corporate reports. The author has endeavoured to compile a complete
database of all property exploration, but makes no warranty as to
whether the following historical information is complete or wholly
accurate. Overall, the author believes the information presented
herein to be reliable and reflective of all historical documents
and information uncovered by and provided to the author. See also
Figure 6.0 Property Compilation Map. Table 6.0 Exploration
Summary
Year Company Geochemistry Geophysics Drilling Other
Reference
1970
July
El Paso
Mining &
Milling
214 soils
12 rocks
- - Cut grid, mapping,
prospecting
Jones 1970
AR 2548
1970
Sept
El Paso
Mining &
Milling
- IP Survey - - Dodds 1970
private report
1971 El Paso
Mining &
Milling
567 soils - 5 DDH
(908m AQ core)
flagged grid,
mapping,
prospecting
Taylor 1971
private report
1972 El Paso
Mining &
Milling
67 silts - - Flagged grid,
mapping,
prospecting
Ryback-Hardy
1972
AR 3835
1976 El Paso
Mining &
Milling
233 soils
2 silts
5 rocks
- - Flagged grid,
mapping,
prospecting
Taylor 1976
AR-5999
1981 Hinterland
Resources
- IP Survey - - Pezzot 1981
AR 10,467
2006 Hard Creek
Nickel Corp.
40 rocks - - Prospecting
Ni, PGE, Cu
Ross 2007
AR 29063
2011 J Shearer &
Stratton
Resources
- - - Staked-sold to
Stratton Res.
Moore 2011
(this report)
-
LunarBritish Columbia Canada
Historical CompilationFigure 6.0October 2011
Stratton Resources Inc.
NAD 83
100 ppm Copper soil contour
1971 DDH
Soil sample site 1970 IP Chargeability Anomaly
1981 IP Chargeability Anomaly
copper enriched bio-qtz gneiss(known mapped extents)
Proposed Cut line control Grid & IP Grid Coverage
1420
1380
1360
1400
1440
1460
1480
1340
1500
1520
1540
1560
1580
1320
1640
1600
1660
1680
1700
1720
1740
1300
1760
1780
1800
1820
1840
1280
1860
1880
1900
1920
1260
1940
1660
1460
1480
1720
1640
1740
1380
1660
1780
1680
1380
1800
1440
1820
1380
1720
1840
1700
1400
1400
1680
1800
1700
1760
1880
18601900
1720
1780
1500
1600
1540
1760 1
480
1620
1560
1840
1800 15
20
1440
1820
1520
1360
1740
1400
1400
1620
1640
1760
1540
1580
1780
1420
Earl
Mack
Camp
MMR1-5
593,000
593,000
594,000
594,000
595,000
595,000
6,4
21
,00
0
6,4
21
,00
0
6,4
22
,00
0
6,4
22
,00
0
6,4
23
,00
0
6,4
23
,00
0
6,4
24
,00
0
6,4
24
,00
0
X
100
100
100
100
100
100
DDH 3DDH 4
DDH 5
DDH 2
DDH 1
SkarnZone 1
SkarnZone 2
0 0.5 1.0
kilometres
proposed IP grid coverage
prop
erty
bou
ndar
y
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Lunar Project, October 2011 Stratton Resources Inc.
20 M Moore P. Geo
The earliest report of exploration in the immediate area was
completed by Quebec Cartier Mining Company in 1969. The company
completed a prospecting and regional scale stream sediment program
on their TK Property, which is located to the immediate east of the
current Lunar Property (Kalnins 1969). Copper anomalous stream
sediments and prospecting led to the discovery of porphyry copper
(± molybdenum) type mineralization hosted in granitiod lithologies.
Copper mineralization is reported to occur chiefly as bornite with
sparse chalcopyrite, controlled by dykes and fractures. Kalnins
reports that there are three main fracture orientations: 300/60NE,
200/38W and 235/49NW. 1970 to 1976 El Paso Mining & Milling
Company The majority of work carried out on the property was
completed by El Paso Mining and Milling Company, who over six years
completed a numerous exploration programs including, prospecting,
control grid line establishment, silt-rock-soil sampling, an IP
geophysical survey and five diamond drill holes. For more details
on select showing, sampling and geophysical results the reader is
referred to Section 7.2 Local Geology & Mineralization. 1970
West Claims The earliest report of exploration at Lunar is by El
Paso Mining and Milling Company, who in early July 1970 completed a
geological and geochemical program on the property then called
“West Claims” (Jones 1970). The company established about 5.68
miles (9.14km) of cutline control grid from which 214 soils and 12
rocks samples were collected. All samples were shipped to Chemex
Labs (Vancouver BC), where the soils were analyzed for copper and
the rocks for copper, zinc, silver and gold. The program identified
two small garnet-epidote-copper skarn zones (Zones 1 and 2) (BC
Minfile 094E 204) and a few discrete copper in soil anomalies. In
September of 1970, El Paso contracted Kenting Earth Sciences of
Calgary Alberta to complete a pole-dipole induced polarization
survey on the cut line grid (~5.68 miles total survey) (Dodds
1970). The survey identified an open ended (to the southeast and
northwest) chargeability anomaly, measuring at least 1,000 metres
long by 250 metres wide and striking at about 300º. Located on the
southern edge of the survey area, the anomaly was interpreted as a
likely eastward extension of the copper skarn related
mineralization identified in Skarn Zones 1 and 2. Dodds comments
that survey results indicate that sulphide mineralization is
continuous through to Lunar Creek, although the degree or extent
may vary considerably. Historical soil sampling of the area
covering this large chargeability anomaly is incomplete, but does
appear to show a potential coincident open ended copper in soil
anomaly on the western extent. A weak southeast trending and
consistent resistivity low (conductive zone) underlies the western
limit of the main chargeability anomaly and is interpreted to be
reflective of a possibly a fault or shear zone. A second weaker and
narrow chargeability zone, measuring about 500m long and striking
about 105º, was also identified on the north-western portion of the
grid. 1971 West, Earl, Mack Claims In 1971, El Paso completed a
large exploration program of flagged grid expansion, soil sampling,
geological mapping and diamond drilling (Taylor 1971). A total of
567 soil samples were collected on grid expansion lines located to
the north and southeast (east of Lunar Creek) of the 1970 soil-IP
cutline grid. The soil samples were analyzed for copper and
molybdenum. Despite generally poor quality soil, the sampling
outlined broad copper anomaly north of the baseline. This broad
anomaly is loosely
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Lunar Project, October 2011 Stratton Resources Inc.
21 M Moore P. Geo
defined by numerous individual spot high copper values which
often can only be extrapolated for a single additional line width
of about 60 metres. Soil sampling on the east side of Lunar Creek
yielded generally subdued results. Detailed geological mapping was
completed on the grid area located to the northeast of the earlier
1970 mapping. At least three roughly parallel zones of copper
enriched „meta-sediments‟ (biotite gneisses or metagranites),
trending 280º to 305º, were mapped on the northern half of the
grid. Taylor notes that rock exposure is exceptionally poor on the
region south of the baseline; the area underlain by the 1970 main
IP chargeability anomaly. Five diamond drill holes (DDH W1 to W5)
were drilled to test the main IP chargeability anomaly, two soil
anomalies and a surface showing. A total of 905 metres (2,970 feet)
of AQ diameter core was drilled. All holes, except W-4 (no samples
collected) yielded anomalous copper values over varying, generally
narrow intervals. Hole W-3, drill testing a surface showing hosted
in „meta-sediments‟, reported the best results of 53.95 metres of
0.23% copper, 0.8 ppm silver and 0.3 ppm gold (including 3.05
metres of 1.2% copper, 5.5 ppm silver and 0.65 ppm gold). 1972
“South Group” of West, Earl, Mack Claims In June - July 1972, El
Paso completed a follow up exploration program of flagged grid
expansion, silt sampling and local-regional geological mapping and
prospecting (Ryback-Hardy 1972). The 1970-1 cutline grid was
expanded eastward to Lunar Creek and detailed geological mapped. A
total of 67 silt samples were collected at ~500 foot (152m)
intervals down the major drainages of the Lunar Creek Valley and
also the large north-south trending drainage to the west. All
samples were shipped to Min-En Labs (North Vancouver BC), where the
soils were analyzed for copper, molybdenum, zinc, nickel and
silver. Regional scale prospecting and geological mapping was
carried out on the ridges and mountain tops surrounding the area of
earlier focussed work. Importantly, detailed geological mapping
redefined and refined a number of earlier lithological and
mineralization assumptions. Ryback-Hardy (1972) concluded that the
property’s dominant copper mineralization is controlled by
west-northwest trending, steep north dipping biotite-quartz
gneiss/schist/shear zones likely of intrusive origin (i.e. biotite
quartz monzonite gneiss) and not a meta-sediment as earlier
thought. At least three such prospective zones were identified.
1976 West Claims (North) In 1976, El Paso followed up on a few
highly anomalous copper silt samples collected in 1972 from a north
flowing drainage located north of the detailed work. The limited
program included establishment of a small flagged control grid,
silt-rock sampling, prospecting and a rock thin section study
(Taylor 1976). A total of 233 soil, 2 silts and 5 rock samples were
collected. All samples were shipped to Min-En Labs (North Vancouver
BC), where they were analyzed for copper, molybdenum, zinc and
silver. Prospecting efforts reported that the area is underlain by
sparse outcrops of medium to coarse grained, coarsely
blocky-jointed granodiorite. No sulphide mineralization was
identified. Soil sampling yielded generally sub-anomalous values.
The source of the 1972 sediment sample copper anomaly was
attributed to the main study area copper mineralization to the
south, particularly the DDH W-3 & 4 region. The claims were
later allowed to lapse.
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Lunar Project, October 2011 Stratton Resources Inc.
22 M Moore P. Geo
1981 Hinterland Resources In August of 1981, Hinterland
Resources had Glen White Geophysical Consulting Services Ltd of
Vancouver BC complete a pole-dipole induced polarization survey
over an overlapping area north of the main 1971 IP chargeability
anomaly (Pezzot 1981). The survey grid area included drills holes
W-3 to W-5, the main surface biotite quartz gneiss showings and
potential on-strike extension to the west-northwest. A total of
10.0 km of grid line was surveyed, on seven 200m spaced,
north-south lines. The survey identified a large west-northwest
trending chargeability anomaly on the northwest corner of the
survey grid. This anomaly has a coincident resistivity low, is open
ended off the grid to the northwest and measures at least 950m long
and up to 300m wide. A second prominent NE-SW trending
chargeability anomaly is located on the southwest corner of the
grid. This anomaly is open to the southwest, measures at least 750
metres long by about 100m wide and appears to bisect the larger WNW
anomaly at the IP survey‟s highest individual chargeability station
value. Pezzot attributes this narrow and lengthy anomaly to a
fault-shear structure. Two other narrow WNW trending chargeability
anomalies are located on the east side the survey area. Both of
these anomalies are open ended to the southeast, measure more than
400m long and are attributed to sulphide enriched target biotite
gneiss. The claims were later allowed to lapse. 2006 Hard Creek
Nickel Corp. In the summer of 2006, a prospecting and rock sampling
program was conducted by Hard Creek Nickel Corp (Ross 2007). The
program followed up on minor chromite and sulphide occurrences
reported by Nixon et al (1990) within the package of
ultramafic-volcanic rocks (Lunar Creek Ultramafic Complex) found on
the west-central side of the Lunar claim block. Ross (2007) reports
that several gossanous areas, quartz veins, minor malachite stains
and sulphide occurrences were found in the southeastern portions of
the target area, almost solely in the gabbro-diorite unit. Similar
sulphide occurrences were found in the northwestern part of the
complex, although quartz veins and gossans were less abundant. The
majority of ultramafic outcrops encountered lacked significant
sulphide mineralization. All sulphide showings, malachite stained
zones, quartz veins and chromite schlieren encountered were
sampled. A total of 40 rock samples were collected and submitted to
Acmelabs (Vancouver BC), where they were analyzed for Au, Pt and Pd
by fire assay and also by multi-element ICP-ES. Analytical results
for total and sulphide nickel from all lithologies were uniformly
low. Ross comments that the potential for economic nickel
mineralization in the Lunar Claims is considered to be low. Copper
and gold analyses returned a small number of interesting values,
however, these samples were from narrow quartz veins and the
likelihood of an economic copper-gold deposit does not appear high.
One magnetite-rich chromite pod sampled from chromite schlieren
hosted by dunite returned over 1 g/tonne Pt. The aerial extent,
however, of chromite bearing dunite is rather small. The claims
were later allowed to lapse.
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Lunar Project, October 2011 Stratton Resources Inc.
23 M Moore P. Geo
7.0 GEOLOGIC SETTING & MINERALIZATION 7.1 Regional Geology
& Mineralization Regional Geology (Modified after Nixon et al
1997, Diakow et al 1993 and Woodsworth et al 1991) Regionally, the
Lunar property is located within the major morphogeological
Intermontane Belt of the Canadian Cordillera. The Intermontane Belt
is divided into four tectnostratigraphic terranes, two of which,
the Stikine and Quesnel accreted terranes, are represented in the
property region. These two terranes are mainly composed of island
arc, plutonic and sedimentary rocks of Late Triassic and Early
Jurassic age. Rocks of the Quesnel terrane include mid Triassic to
lower Jurassic Takla Group mafic volcanics (with minor sediments)
and also the mid Triassic Lunar Creek Ultramafic Complex. The
oldest lithologies in the region are found in the Stikine terrane.
These are the mixed greenstone metamorphics and undivided sediments
of the Asitka Group. Also included within the Stikine are mixed
marine sediments and volcanics of both the upper Triassic Stuhini
Group and lower Jurassic Hazelton Group. Intruding the Asitka and
Stuhini Groups are upper Jurassic quartz monzonites. Early Jurassic
to Cretaceous Guichon Suite granitoids, particularly the Pitman
pluton granites, intrude most older lithologies found in both the
Stikine and Quesnel terranes. The northwest trending early Jurassic
Pitman granitiod pluton intrusives are well foliated and altered
from greenschist to local amphibolite facies assemblages,
particularly along and near faults. Regional structure is dominated
by a system of northwest, north and east trending faults that
reflect a complex history of sinistral strike-slip and extensional
deformation. Structures range from brittle to ductile mylonitic
shear fabrics. The major northwest trending Kutcho fault defines
the boundary between the Stikine and Quesnel terranes and may have
been active as early as mid Jurassic with movement continuing to
Eocene. Other prominent fault structures of east-west trends
include the Pitman River fault and an unnamed fault southwest of
the property. The region hosts numerous lengthy and notable north
trending river valleys which likely mark fault structures; i.e. the
Lunar Creek Valley which cuts through the property. Regional
Mineralization
Most of the area‟s mineral occurrences occur within either the
Asitka greenstone metamorphic or the Pitman granite lithologies.
Occurrences within the Pitman granites are dominated by copper -
molybdenum ± gold & silver enriched porphyry or skarn type
mineralization. A single porphyry related occurrence is noted on
the south border of the unnamed quartz monzonite intrusive within
the Stikine terrane. Mineral occurrences within the Asitka
greenstone metamorphic rocks include epigenetic vein hosted and
disseminated copper, lead, silver and zinc showings and also
syngenetic stratabound gold-silver-base metal showings. Ultramafic
rocks of the Lunar Creek Complex contain occurrences of small
chromite pods and copper showings. The Lunar property hosts four
British Columbia Minfile mineral occurrences: 094E 010, 060, 061
& 204. All four occurrences report varying copper-molybdenum ±
gold & silver enriched porphyry or skarn type mineralization.
The immediate surrounding area around the property includes twelve
other Minfile occurrences. Table 7.1 summarizes the general
characteristics of these regional mineral occurrences and Figure
7.1 illustrates their locations.
-
LunarBritish Columbia Canada
REGIONAL GEOLOGY
Figure 7.1October 2011
094E 010
094E 030
094E 044
094E 056
094E 060094E 061
094E 109
094E 150
094E 182
094E 183
094E 164
094E 204
094L 010094L 014
094E 028
094E 092
Chukachida River
Fro
g R
iver
Stratton Resources Inc.
N
(Map from BC goverment website
http://webmap.em.gov.bc.ca/mapplace)
Minfile # Name Commodities Mineralization Type094E010 West 16
Copper Porphyry ; disseminated shear094E028 Park Gold, Silver
Epithermal Au-Ag: low sulphidation094E 030 TK 43 Copper, Molybdenum
Porphyry Cu +/- Mo +/- Au094E044 Al Copper Porphyry Cu +/- Mo +/-
Au094E056 Banshee Copper, Lead, Zinc, Silver Hydrothermal,
epigenetic, vein, diss. 094E060 Mack Copper Skarn,
Disseminated094E061 Earl Copper Skarn, Disseminated094E092 T-Bill
Gold, Copper, Zinc Au-quartz veins; mesothermal094E109 Prometheus 2
Silver, Gold, Zinc, Lead, Copper Syngenetic, hydrothermal,
dissem.094E150 Bill West Gold, Copper, Zinc Au-quartz veins
094E 164 TK 81 Molybdenum Porphyry stratabound dissem.
094E182 Bill North Gold, Copper, Zinc Au-quartz veins
094E183 Bill West Gold, Copper, Zinc Au-quartz veins
094E204 West 8 Copper Skarn, massive, vein dissem.
094L010 MacDuck Zinc Stratabound Zinc
094L014 Frog 1 Gold, Silver, Copper Hydrothermal, Epigenetic
Vein
LunarProperty
0 6.0 12.0 18.0
kilometres
Legend
marine sediments & volcanics
marine sediments & volcanics
Lunar Creek Complex Ultramafics
unnamed quartz monzonite
Early Cretaceous unnamed quartz monzonite
Pitman River Fault
Kutcho Fault
Kutcho Fault
Early Jurassic Pitman granites
mid Jurassic unnamed granites
greenstone metamorphics
undivided sediments
limestone bioherm/reef
undivided volcanics
undivided volcanics
Lower JurassicHazelton Group
Mid Triassic to Lower Jurassic
Guichon Suite Intrusives
Quesnel Terrane (east of Kutcho fault)
Stikine Terrane (west of Kutcho fault)
Stikine & Quesnel Terranes
Stuhini Group
Upper Jurassic
Takla Group
Mid Triassic
Upper Triassic
Devonian-Permian Asitka Group
fault
DPAgs
ImJHsv
ImJHsv
mTrummTrum
uTrqm
EKqm
EKqm
EJgd
MJgd
MJgd
MJgd
MJgd
MJgd
EJgdEJgd
EJgd
EJgd
EJgd
EJgd
uTrqm
uTrqm
uTrSsv
uTrTv
uTrTv
uTrTv
uTrTvuTrSsv
uTrSsv
uTrSv
uTrSv
uTrSv
DPAgs
DPAgs
DPAgs
DPAs
DPAls
DPAls
DPAs
BC Minfile Occurrences
-
Lunar Project, October 2011 Stratton Resources Inc.
25 M Moore P. Geo
Table 7.1 Regional Minfile Occurrences Minfile # Name
Commodities Mineralization Type 094E010 West 16 Copper Porphyry ;
disseminated shear 094E028 Park Gold, Silver Epithermal Au-Ag: low
sulphidation 094E 030 TK 43 Copper, Molybdenum Porphyry Cu +/- Mo
+/- Au 094E044 Al Copper Porphyry Cu +/- Mo +/- Au 094E056 Banshee
Copper, Lead, Zinc, Silver Hydrothermal, epigenetic, vein, diss.
094E060 Mack Copper Skarn, Disseminated 094E061 Earl Copper Skarn,
Disseminated 094E092 T-Bill Gold, Copper, Zinc Au-quartz veins;
mesothermal 094E109 Prometheus 2 Silver, Gold, Zinc, Lead, Copper
Syngenetic,hydrothermal,disseminated 094E150 Bill West Gold,
Copper, Zinc Au-quartz veins 094E 164 TK 81 Molybdenum Porphyry
stratabound disseminated 094E182 Bill North Gold, Copper, Zinc
Au-quartz veins 094E183 Bill West Gold, Copper, Zinc Au-quartz
veins 094E204 West 8 Copper (Zones 1 & 2) Skarn, massive, vein
disseminated 094L010 MacDuck Zinc Stratabound Zinc 094L014 Frog 1
Gold, Silver, Copper Hydrothermal, Epigenetic Vein After BCDM
Minfile Website The TK Minfile occurrences, 094E 030 & 164, are
located to the immediate east of the Lunar Property (Kalnins 1969).
Copper anomalous stream sediments and prospecting led to the
discovery of porphyry copper (± molybdenum) related mineralization
hosted in granitiod lithologies. Copper mineralization is reported
to occur chiefly as bornite with sparse chalcopyrite, controlled by
dykes and fractures. Kalnins reports that there are three main
fracture orientations which have a bearing on copper
mineralization: 300/60NE, 200/38W and 235/49NW. Other regional
noteworthy deposits in the greater region include the Kemess North
Deposit (136.5 billion tonnes 0.29% Cu, 0.558 gpt Au, 2.1 gpt Ag
indicated resource – BC Minfile 094E 021; located about 95 km
south) and the Kutcho Creek VMS Deposit (11.3 million tonnes of
2.19% Cu, 3.28% Zn, 0.39 gpt Au & 36.7 gpt Ag measured +
indicated resource - JDS 2011; located about 60 km northwest).
-
Lunar Project, October 2011 Stratton Resources Inc.
26 M Moore P. Geo
7.2 Local Geology & Mineralization Local Geology
The Lunar property is located on the east side of the major
northwest trending Kutcho fault and is dominantly underlain by
granitic lithologies of the early Jurassic Pitman pluton (Guichon
Suite - Quesnel Terrane). The mid Triassic Lunar Creek Ultramafic
Intrusion Complex and small slivers of mid Triassic to lower
Jurassic Takla volcanics rocks are found on the southwest portion
of the property (Figure 7.2a). The most abundant rocks within the
property limits are the Pitman granitoids which vary from
leucocratic granite to granodiorite to biotite-quartz-hornblende
monzonite gneiss. Reports indicate that the granite and
granodiorite phases are most common, being medium to coarse grained
and coarsely blocked or jointed. Early geological mapping in the
central part of the property identified bands of „meta-sediments‟
which were interpreted to be screens or rafts in the granites
(Taylor 1971). Mapping by Ryback-Hardy in 1972 redefined and
refined a number of earlier lithological and mineralization
assumptions. He concluded that the property‟s dominant copper
mineralization is controlled by west-northwest trending, steep
north dipping biotite quartz monzonite schist/shear zones likely of
intrusive origin (i.e. biotite-quartz gneiss) and not a
metasediment as earlier thought. Within these bands, a complete
gradation of textures exists from schistose to gneissic to
schlieren and at times the bands appear migmatitic. Ryback-Hardy
reports that the schist-gneissic bands follow the contact between
biotite-quartz monzonite and hornblende monzonite units and can be
truncated or offset by north-south trending vertical
fractures/faults, which are also widespread. Frost heaving of the
large granitic blocks has emphasized the fracturing, reducing most
outcrops to large areas of slumping and blocky rubble. Ryback-Hardy
reports that a highly altered fine grained white feldspathic dyke
rock occurs on the south contact of a mineralized gneissic band,
paralleling its WNW trend. This unit measures about 900 metres long
and has a varying width of 60 to 3 metres. The dyke rock is highly
silicified and saussuritized and contains pyrite with occasional
chalcopyrite disseminations. Within the dyke body, alteration is
reported to decrease eastward where inclusions of unaltered
monzonite are found. Recent thin section analyses of four rocks
collected by the author during the property visit have expanded
greatly on Ryback-Hardy‟s 1972 work. Colombo (2011) subdivided the
four samples into two different suites. Three of the rocks (MMR-4,
4b & 4c) are classified as metamorphic schists-gneisses made up
of quartz, albite, biotite and hornblende, while the fourth rock
(MMR-5) is a medium to coarse grained granite consisting of
plagioclase, quartz and K-feldspar, which is overprinted by
epidote, chlorite and lesser white mica. The following is an
excerpt from Colombo‟s summary description of the gneissic suite.
„The gneissic suite of rocks have a metamorphic schistosity which
is mainly defined by biotite, as well as hornblende, which is a
relict mineral that indicates the rocks underwent a medium grade
(amphibolitic?) tectonometamorphic event. Epidote, chlorite, white
mica, magnetite, pyrite and chalcopyrite were introduced in the
three samples after the end of the metamorphic recrystallization,
as they define post-kinematic microstructures. A tentative
paragenetic sequence based on the microstructural observations of
the metamorphic suite and granitic rocks are sketched out‟.
-
Lunar Project, October 2011 Stratton Resources Inc.
27 M Moore P. Geo
Gneissic Rocks
Tentative Paragenetic Sequences Pitman Granitoids after Colombo
2011
Granitic Rock Property structures reflect the regional tenor
being dominated by a system of northwest, north and eastward
trending faults, shears and fractures. Rock structures range from
brittle joints and faults to ductile mylonitic shear fabrics. The
major northwest trending steep dipping Kutcho fault is located on
the southwestern limit of the property. The Lunar Creek valley
which cuts through the property marks a brittle north trending
fault zone. The west-northwest trending gneissic bands within the
Pitman Pluton contain elevated concentrations of copper and can be
offset or truncated by north-south trending vertical
fractures/faults, which are also widespread. Profound structural
disruption is documented in the Lunar Creek Ultramafic Complex. The
geology and structures of the Lunar Creek Ultramafic Complex are
well documented by Nixon et al (1997). The Complex is an elongate
body which measures more than 11km long and up to 4km wide. The
northwesterly trending axis of the intrusion parallels the
structural grain of the region. The Complex is typical of
Alaskan-type ultramafic intrusions as it contains most of the
typical lithologies; dunite, chrome rich dunite, wehrlite, olivine
wehrlite, olivine clinoproxene, clinoproxenite and
gabbroic-dioritic rocks. The Lunar Creek Complex is bound to the
west by the Kutcho fault and to the east by ductile shears against
the Takla Group volcanics and Pitman granites. Northwest trending,
steeply dipping structures that are subparallel to the Kutcho fault
are dominant within the Complex, with less abundant steeply dipping
NE and east trending faults. The Complex has been intensely
disrupted creating a mosaic of disconnected blocks. Both Ross
(2006) and Nixon et al (1997) describe the economic mineral
potential for the Complex as low, containing only minor chromite
and copper stained showings. Takla volcanics rocks are
metamorphosed from middle greenschist to lower amphibolite grade
facies and include volcanic, volcaniclastic and sedimentary rocks
(dark grey to greenish grey augite and plagioclase-phyric
actinolitic schists, amphibole-biotite wacke or tuff and dark grey
to black well-foliated amphibolites). Granodiorite dykes emanating
from the Pitman Pluton intrude both rock groups.
-
1420
1380
1360
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1480
1500
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1900
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Earl
Camp
DDH 5
DDH 3
DDH 2
DDH 4
DDH 1
MMR1-5
593,000 594,000
6,4
22
,00
06
,42
3,0
00
X
skarn
skarn float
SkarnZone 1
SkarnZone 2
?
?
?
?
?
_
_
0 4.0
kilometers
Kutcho Fault mTrum
mTrum
EJgd
EJgd
EJgd
EJgd
uTrSvuTrSv
uTrSv
DPAgs
DPAgs
LunarBritish Columbia Canada
LOCAL GEOLOGY
Figure 7.2aOctober 2011
Stratton Resources Inc.
1.0 kilometre
mTrum
EJgd
EJgd
EJgd
uTrTv
6,42
3,00
06,
422,
000
Lunar Creek Complex Ultramafics
Early Jurassic Pitman granites
biotite quartz monzonite gneiss
white feldspathic dyke; silica-kaolinite
biotite quartz - hornblende monzonite
undivided volcanics
Mid Triassic to Lower Jurassic
Guichon Suite Intrusives
Takla Group
Mid Triassic
fault
Copper showing; malachite, bornite
mTrum
EJgd
uTrTv
-
Lunar Project, October 2011 Stratton Resources Inc.
29 M Moore P. Geo
Local Mineralization The priority exploration area for the Lunar
Property is located in the centre part of the claim block within an
area measuring about 2.5 km by 1.5 km. This area is underlain by
metamorphosed and fractured Pitman granites and includes the
property‟s notable mineral occurrences, IP geophysical and soil
anomalies. Historical exploration efforts, which have been largely
confined to this priority area, have identified porphyry related
copper mineralization in two small copper skarns and at least three
parallel zones of west-northwest trending, steep north dipping
shears or gneissic bands. The gneissic bands are the property’s
primary copper mineralization target, as they contain irregular
disseminations of fine grained pyrite, magnetite and chalcopyrite
(rare bornite) with common malachite staining. Exposures of
malachite coated fractures are widely noted on the property,
particularly the along cliff exposures in the Lunar Creek valley.
The dimensions of most copper enriched zones discovered to date are
not fully known, being masked by glacial overburden and not fully
outlined by geophysical means. For the purposes of brevity, the
author will not detail each of the individual copper occurrences of
the Lunar property. In depth descriptions of most of the property
showings can be found in the following references Jones 1970,
Taylor 1971, Ryback-Hardy 1972 and Taylor 1976. The following is a
summary account of the foremost Lunar mineral occurrences
identified to date. Zones 1 & 2 copper-garnet-epidote skarn (BC
Minfile 094E 204 “West 8”)
Surface Chip
Sample #
Length (m)
Copper %
Silver ppm
Zone 1 45362 3.05 0.49 6.86 45363 3.05 0.49 8.91 45364 1.52 0.33
3.43 Zone 1a 45365 3.05 0.03 nil 45366 3.05 0.02 nil 45367 3.05
0.02 nil 45368 3.05
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Lunar Project, October 2011 Stratton Resources Inc.
30 M Moore P. Geo
Zone 2 shows weak and erratic pyrite and chalcopyrite
mineralization, with strong limonite weathering. Analytical results
from surface chips samples collected from these skarn zones are
detailed in the table above, with Zone 1 yielding the best results
of 0.46% copper and 1.16 ppm silver over 7.62 metres. Detailed
property geology maps indicate that there are a number of other
small skarn-like showings scattered about the central property
area; examples are the BC Minfiles 094E 060 “Mack” and 094E 061
“Earl”. West-northwest shears or gneissic bands (BC Minfile 094E
010 “West 16”) At least three (perhaps up to five?) parallel zones
of copper enriched biotite quartz monzonite schist/gneiss bands
(metagranites) are mapped in the centre of the claim block. These
copper enriched zones trend 280º to 305º, have steep north dips and
contain irregular disseminations of fine grained pyrite, magnetite
and chalcopyrite (rare bornite) with common malachite staining. The
alternating gneissic bands have textures from schistose to gneissic
to schlieren and at times appear migmatitic and can be offset or
truncated by north-south trending vertical fractures/faults. The
recent thin section study shows that these copper enriched gneisses
have experienced an amphibolite grade metamorphic event and that
epidote, chlorite, white mica, magnetite, pyrite and chalcopyrite
were introduced after the end of metamorphic recrystallization
(Colombo 2011). Outcroppings of these main exploration target zones
are irregularly spread throughout the centre of the property. Best
exposures identified to date are located on the west side of the
Lunar Creek valley in an area where detailed geological mapping was
competed. Other exposures have been documented within and on both
sides of the Lunar Creek valley. Descriptions by Ryback-Hardy
(1972) indicate that the mineralized zones comprise alternating
biotite-quartz monzonite and biotite-quartz schist/gneiss bands,
which have interpreted widths up to 370m and lengths of 240m. The
density and dimensions of the parallel zones is not well understood
as overburden cover as greatly hindered geological interpretation.
The distance between two of the property‟s more significant band
assemblages is estimated at more than 350 metres. In 1971, El Paso
Mining and Milling Company drilled five shallow diamond drill holes
(DDH W1 to W5) in the main property area, testing an IP
chargeability anomaly, two soil anomalies and a surface showing. A
total of 905 metres (2,970 feet) of AQ diameter core was drilled.
All holes, except W-4 (no samples collected) yielded anomalous
copper values over varying, generally narrow intervals. Hole W-3,
drill testing a surface showing hosted in the biotite monzonite
gneiss bands, reported the best results of 53.95 metres of 0.23%
copper, 0.8 ppm silver and 0.3 ppm gold (including 3.05 metres of
1.2% copper, 5.5 ppm silver and 0.65 ppm gold). The table below
includes the drilling summary results.
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Lunar Project, October 2011 Stratton Resources Inc.
31 M Moore P. Geo
Table 7.2 1971 Lunar Diamond Drilling Summary Data (after Taylor
1971)
DDH Bearing Dip Depth (m) Target Remarks W-1 190 -50 198.7
1970
Main IP-Soil
Drilled to test IP chargeability high coincident with soil
copper anomaly. Monzonite with some bands of „metasediments‟. 2-5%
pyrite, 1-2% magnetite. Highest copper value 0.04%.
W-2 190 -45 209.7 1970 Main IP-
Soil
Drilled to test IP chargeability high. Mainly „metasediments‟,
occasional monzonite bands. Trace chalcopyrite, pyrite and
magnetite. Highest value intersected 0.22% Cu over 3.23m.
W-3 200 -53 152.7 Surface Cu
Showing
Drilled under surface copper showing. Moderately sheared
monzonite and „metasediments‟, with secondary biotite, chalcopyrite
and a little bornite mineralization. 69.19-123.14m: 53.95m of 0.23%
Cu, 0.8ppm Ag, 0.3ppm Au including 3.05m of 1.20% Cu, 5.5ppm Ag,
0.65ppm Au
W-4 200 -50 168.9 152 m west of
W-3
Drilled 152m west of W-3 testing same mineralized zone. Sheared
monzonite and „metasediments‟. Pyrite with epidote alteration. No
samples taken.
W-5 188 -51 175.3 1970 Soil anomaly
Drilled beneath soil copper anomaly. Mainly monzonite with bands
of „metasediments‟. Very little sulphide mineralization. Highest
assay 0.14% Cu over 3.05m.
Lunar Soil & Silt Sampling Surveys A total of 1,014 soil
samples were collected from a control grid located in the center of
the property, with most sample sites being on the west side of
Lunar Creek and a few soil lines on the east side of the valley
(Figure 7.2b). Soil samples were collected in three phases between
1970 and 1976 and were variably analyzed for copper, zinc,
molybdenum, silver and gold. Past explorationists used copper as
the primary element for identifying areas of prospective
mineralization, as the other limited suite of elements yielded
either sub-anomalous or erratic values. Property soils are very
poorly developed consisting of slumped glacial debris and/or
locally derived rock-grit materials. Overburden cover is generally
thin and irregular being limited to lower slopes and valley
bottoms. Both the glacial-related cover and the highly irregular
local topography appear to have a significant effect on the
distribution of copper in soil. Taylor (1971) reports that samples
collected along elevated sandy ridges and small knobs yield
background values, while samples collected from depressions often
contain elevated copper results. Taylor also states that the copper
in soil anomalies do not well coincide with elevated mineralization
revealed in the 1971 drilling. Despite generally poor quality soil,
the sampling has coarsely outlined a broad copper anomaly north of
the historic grid baseline measuring about 950m by 1000m. This
broad anomaly is loosely defined by numerous individual spot high
copper values which often can be extrapolated for only a single
additional line width of up to 60 metres. This anomaly appears to
be mapping areas of very thin glacial cover, as sample materials
are likely derived from local lithological detritus. Soil sampling
on the east side of Lunar Creek has identified an open ended broad
low grade copper anomaly (100 ppm contour), likely marking an
eastward main zone extension.
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0 0.5 1.0
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A
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