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Clone Gold

Overview

The Clone property comprises 4,621 hectares, with a logging road running east up the Marmot River from tidewater in the Portland Canal to a point about 9 km northwest of the property. The main area of interest to date is a roughly a 4 km by 4 km square with much of the southern areas sections only recently exposed by retreating ice. This process of glacial melt, known as ablation, greatly increases the ease with which previously difficult or unreachable ground can now be accessed.

The property lies 16 km southwest of IDM Mining’s development-stage Red Mountain project. It was reconnaissance efforts by Teuton surrounding the Red Mountain discovery that culminated in the discovery of unusual gold and gold-cobalt bearing shear structures on the Clone property.

History

High-grade gold and gold-cobalt mineralization was discovered by Teuton-Silver Grail prospectors in 1995 within a series of shears exposed over a strike length of 500 meters and a vertical range of 130 meters. Trenching of the shears returned values ranging up to 3.59 oz/ton gold over 5.5m (18 feet). Significant cobalt values were found to accompany gold in the southeast portion of the zone. Since 1995 almost $6,000,000 has been spent exploring a series of occurrences lying along a two-kilometre package of volcanic and sedimentary rocks.

Accessibility

Much of the Clone property was initially staked in as part of a regional effort aimed at exploring virgin ground made newly viable by receding glaciers. The process of glacial melt, known as ablation, has progressed at a striking rate over the course of the last decades. As far as mineral exploration is concerned such environmental change greatly increases the ease at which previously difficult or unreachable ground is made available. The Clone property is one such example. Exploration on this property is seasonable and currently the summer months are the only time the property is accessible due to the snow pack conditions.

2006 Drilling

Seven holes totaling 3,240 feet were completed, all concentrating on targets within the Main Zone. The drill program was designed to shed further light on the attitude of the gold-bearing “H” (hematite) and “S” (sulfide) structures/horizons identified within the 1,600 foot long Main Zone by trenching and drilling in 1996-8 and 2003.

Three holes were drilled from the first collar to test the principal H-1 structure. The first two of these holes did not intersect the H-1 zone where expected, possibly due to faulting. However, after adjusting the azimuth, H-1 type gold mineralization was successfully intercepted at shallow depth in the third hole. Deeper, gold-bearing intersections obtained in the first two holes are interpreted to be from parallel shears.

The drill program cut gold-bearing intercepts, varying in length from 3 to 35.5 feet, as follows:

Hole #

From (ft)

To (ft)

Interval (ft)

Gold (oz/ton)

CL06-1

392.5

409.0

16.5

0.125

...including

402.0

405.0

3.0

0.303

 

 

 

 

 

CL06-2

233.0

236.0

3.0

0.153

 

 

 

 

 

CL06-3

32.0

52.0

20.0

0.178

...including

42.0

48.5

6.5

0.390

 

 

 

 

 

CL06-4

33.5

49.5

16.0

0.114

...including

39.5

42.5

3.0

0.300

 

 

 

 

 

CL06-5

40.5

76.0

35.5

0.178

...including

50.0

73.0

23.0

0.232

And

107.0

110.5

3.5

0.579

 

 

 

 

 

CL06-6

113.0

116.0

3.0

0.629

 

157.0

162.0

5.0

0.448

 

 

 

 

 

CL06-7

113.0

116.0

3.0

0.332

 

151.0

156.5

5.5

0.824

Holes CL06-4 & 5, collared above Trench #10, successfully tested the S-1 horizon. The final two holes drilled from the third collar tested the H-1 zone at moderate depth, each encountering two separate gold-bearing zones. True widths of the intervals were not known at that time.

Geologist K. Mastalerz, Ph.D., was responsible for verification and quality assurance of analytical results for this program.

2008 Drilling

The drill program consisted of ten holes and covered approximately 3,000 feet of drilling, with nine drill holes being completed and six sent for assay. Holes CL08-1 to CL08-4 targeted the H-1 (hematite) zone, holes CL08-5 to CL08-8 targeted the S-2A zone, while holes CL08-9 and CL08-10 were drilled to test a new copper zone found earlier in the program. All of the holes targeting the H-1 zone are interpreted as having passed through a faulted-off block. The upper two intersections of hole CL08-5 appeared to be from the S2A and S2B zones, and the third intersection was likely from the S1 zone. The final high-grade gold zone which ran 1.157 ounces per ton (as well as 0.64 per cent cobalt) appeared to be from an unknown structure, possibly related to similar gold-cobalt structures found in trenching at lower elevations 200 metres to the east-southeast. Neither of the last two holes targeting the new copper zone intersected significant gold values. They did, however, contain long intervals of anomalous copper mineralization (200 parts per million to 600 parts per million). True width of the intersections is not certain at that time.

2009 Exploration

Altogether twenty holes were drilled testing a variety of targets along these shear zones that have been traced for over a kilometer in strike length. In Holes #15 to #20 inclusive, sections from 15 to 30 feet long contain semimassive to massive hematite, specularite, chlorite, malachite, chalcopyrite with visible gold. The mineralized zones tend to be associated with more silicified, fine-grained to aphanitic andesites intercalated with pyroclastics.

In early September 2009, the second phase of drilling commenced, with six of the fifteen holes drilled in phase two containing visible gold. Due to high gold values obtained during the first phase of assaying, the results were being re-checked prior to release.

Altogether fifteen holes were drilled in the second phase, testing un-drilled portions of the "H-1" zone between Trenches 4, 14 and 15. Holes #15 to 21 are from the Trench 4 and 14 areas. The major lithology was observed to be light grey to green andesitic pyroclastics intercalated with fine grained to aphanitic andesite. Clasts were subangular to angular, 16 matrix supported, and range in size from 1-3cm. Quartz-calcite stockwork pervades the unit in moderate abundance. The mineralization is localized within highly silicified semi-massive to massive hematite-specularite and gold occurs as fine disseminations and is associated with the oxide mineralization. A diabase dyke has been observed in many of the holes, acting to minimize and in some cases deplete the mineralized zone. Most of these holes cut high-grade intersections as follows:

Hole #

From (m)

To (m)

Interval (m)

Au (g/t)

15

14.63

17.07

2.44

14.05

16

13.72

21.64

7.92

20.22

18

22.56

31.09

8.53

3.61

 

46.33

50.60

4.27

26.23

19

6.10

12.19

6.09

2.09

20

4.57

24.69

20.12

7.11

Incl.

16.76

24.69

7.93

15.28

 

34.44

46.94

12.50

7.39

21

11.89

19.81

7.92

30.37

Incl.

11.89

13.72

1.83

115.80

Holes #16, #20 and #21 were particularly impressive. Hole #16 intersected 7.92m grading 20.22 g/t , Hole #20 intersected two zones, the first 20.12m grading 7.11 g/t and the second 12.5m grading 7.39 g/t. Hole #21, the first hole of the second phase, returned bonanza values 7.93m of 30.37 g/t. Because snow cover obscured the surface trace of the zone, true widths could not be calculated at that time. Holes #6 to #12 were drilled in the vicinity of Trench 81, approximately 160m to the southeast of Holes 15-21. They were successful in intersecting sheared mineralized sections displaying local auto-brecciation, intense hematite alteration, chlorite stringers, and the cobalt containing mineral, erythrite.

Results are as follows:

Hole #

From (m)

To (m)

Interval (m)

TW Coefficient

Au (g/t)

6

17.98

22.25

4.27

0.940

2.00

7

19.51

24.38

4.87

0.867

3.00

8

14.94

24.69

9.75

0.745

2.05

9

14.63

22.86

8.23

0.985

8.07

11

35.36

42.37

7.01

0.500

3.82


These holes returned lesser gold values over widths varying from 4.27 to 9.75m. True width coefficients are given in the table. Holes #1 to #5 were drilled northeast of Trench #4 and did not return appreciable gold values. These holes were probably erroneously sited due to deep snow conditions.

Complete assay results for the second phase of the 2009 drill program on the Clone gold property were announced. Highlights of the second phase of this drill program include hole 28 that returned grades of 12.8 metres (42 feet) of 44.75 grams per tonne (g/t) (1.305 ounce per ton) gold values including 4.87 metres (16 feet) of 76.8 g/t (2.24 ounces per ton).

Drill Hole #

From (m)

From (ft)

To (m)

To (ft)

Interval (m)

Interval (ft)

True Width Coeff.

Gold (g/t)

Gold (oz/t)

21*

11.89

39

19.81

65

7.92

26

0.94

30.37

0.886

Incl.*

11.89

39

13.72

45

1.83

6

0.94

115.80

3.377

22

15.85

52

19.81

65

3.96

13

0.87

26.23

0.765

24

20.42

67

23.47

77

3.05

10

0.77

4.04

0.118

25

12.50

41

16.15

53

3.65

12

0.85

3.68

0.107

26

12.19

40

16.46

54

4.27

14

0.78

26.39

0.770

 

21.03

69

26.21

86

5.18

17

0.78

15.83

0.462

27

15.85

52

17.98

59

2.13

7

0.85

10.81

0.315

28

10.67

35

23.47

77

12.80

42

0.92

44.75

1.305

Incl.

10.67

35

15.54

51

4.87

16

0.92

76.80

2.240

29

20.12

66

26.21

86

6.09

20

0.69

4.81

0.140

30

13.41

44

23.77

78

10.36

34

0.92

6.40

0.187

31

18.29

60

20.12

66

1.83

6

0.85

42.07

1.227

32

19.51

64

24.08

79

4.57

15

0.75

3.96

0.115

33

18.29

60

24.99

82

6.70

22

0.85

11.04

0.322

34

25.30

83

27.43

90

2.13

7

0.78

60.31

1.759

35

24.99

82

29.88

98

4.87

16

0.69

3.81

0.111

* Previously reported hole


The holes were drilled between trenches 4, 14 and 15 on the H-1 structure, and were designed to guide a planned upcoming bulk sampling effort which will concentrate on the same area.

Mineralization is localized within highly silicified semi-massive-to-massive hematite-specularite and gold occurs as fine disseminations and is associated with the oxide mineralization. The major lithology is observed to be lightgrey-to-green andesitic pyroclastics intercalated with fine-grained to aphanites andesite. Clasts are subangular to angular, matrix supported, and range in size from one to three centimetres. Quartz-calcite stockwork pervades the unit in moderate abundance. Certain of the holes had the mineralized sections either partially or completely obliterated by an intervening dike.

Dip angles for the holes were either minus 20, 30 or 40 degrees. For the purposes of calculating true width coefficient, the zone is estimated to be vertically dipping.

Geologist E.R. Kruchkowski was responsible for verification and quality assurance of analytical results for this program.

2009 Sampling

Approximately ten tons of samples were gathered and shipped for processing. The first set of grades back from processing of the bulk sample were received and the results from this portion averaged 152.34 g/t gold or 3.87 oz/ton gold.

Geologist E.R. Kruchkowski was responsible for verification and quality assurance of analytical results for this program.

2010 Drilling

In August 2010, the drill rig was moved to the property and by September 2010 drilling operations had begun. The first four holes were completed and visible gold had been encountered in all four holes. These holes were immediately sent to the lab for assaying.

Drilling was completed and initial results from the first two holes were received. The first hole returned grades of 5.98 g/t gold over 11.58 metres including 25.75 g/t gold over a 2.13 meters and including 105 g/t gold over a one foot section. Hole two had a 1.77 meter intercept that returned grades of 11.36 g/t. Grades from 17 samples representing the first 17 tons, returned grades as high as 19.1 oz/ton gold with an average of 2.57 oz/ton gold. Holes 3 to 10 were drilled at the southeastern end of the high-grade zone in the H-1 structure and were drilled at shallow angles in order to guide the bulk sampling program. Holes 11 and 12 were drilled as a deep test under the H-1 structure and holes 13-16 were drilled at the northwestern limits of the H-1 structure about 300m from the first holes of the program. Significant results follow:

Drill Hole

Interval (m)

Length (m)

Gold (g/t)

CL10-03

23.41 to 26.82

3.41

14.63

CL10-04

27.19 to 28.10

0.91

13.26

CL10-05

19.66 to 20.27

0.61

16.50

 

48.46 to 48.89

0.43

11.35

CL10-06

21.43 to 22.77

1.34

48.53

CL10-07

22.07 to 24.57

2.50

66.58

Incl.

22.07 to 22.62

0.55

222.75

CL10-08

19.51 to 22.80

3.29

12.74

Incl.

21.85 to 22.80

0.94

38.88

CL10-09

17.80 to 23.47

5.67

6.75

Incl.

21.58 to 22.65

1.07

33.23

CL10-10

60.05 to 63.09

3.05

14.05

Incl

60.05 to 61.23

1.19

27.12

CL10-14

123.44 to 128.53

5.09

2.07

 

 

 

 

True widths of the intervals are estimated at between 70 and 94%.

The high-grade mineralized zone exhibits distinctive signs of hydrothermal brecciation, with gold occurring as fine disseminations localized within intensely chloritized, highly silicified semi-massive to massive hematite-specularite. The QA/QC protocol system employed during the 2010 exploration program included procedures for monitoring the chain-of-custody of samples and the insertion of blanks and reference standard samples in every batch of samples. All of the samples were completed at the Clone property and the final grade for 34 one ton samples returned an average of 68.65 grams per ton gold.

Geologist E.R. Kruchkowski was responsible for verification and quality assurance of analytical results for this program.

2011 Bulk Sampling

The average for the 2011 102 ton bulk sampling program was 4.0 oz/ton gold or 137.1 g/t gold. Metallurgical tests were performed to examine cyanide, flotation and gravity means for winning the gold from the ore. 2011’s bulk sample contained an estimated 408 ounces of gold, which when added to the 68 ounces collected in the 2010 bulk sample (34 tons at 2.0 oz/ton gold), amounts to 476 ounces in total.

Dino Cremonese, P.Eng.,  was the Qualified Person responsible for verification and quality assurance of analytical results for this program.

2012 Sampling

Bulk samples of 20 one-ton lots were collected from a previous work program and these samples returned an average grade of 1.55oz/ton gold (53.1 g/t gold.).

Dino Cremonese, P.Eng.,  was the Qualified Person responsible for verification and quality assurance of analytical results for this program.

2016 Drilling

A drill program on the property commenced in September 2016 and seven drill holes were completed. The first hole of the 2016 diamond drilling program at the Clone property intersected 6.43 metres grading 17.83 grams per tonne gold from 46.33 to 52.76 metres. Hole CL-16-01 was designed to test the depth potential of a trench excavated in 1995 which returned a grade of 11.65 g/t gold and 0.18 per cent cobalt across nine metres. It was inclined at an angle of 55 degrees and ended at 111.9 metres. Assay results from a further six holes of the 2016 work program are as follows:

Drill Hole

Interval (m)

Length (m)

Gold (g/t)

CL16-01

46.33 to 52.76

6.43

17.83

CL16-02

81.08 to 86.26

5.18

3.77

CL16-03

31.39 to 32.30

0.91

28.05

CL16-04

8.23 to 14.94

6.71

2.53

 

24.69 to 26.21

1.52

16.84

CL16-05

17.37 to 19.81

2.44

3.51

CL16-07

13.41 to 20.42

7.01

10.38

The mineralized intercepts exhibit distinctive signs of hydrothermal brecciation, with gold occurring as fine disseminations localized within intensely chloritized, highly silicified semi-massive to massive hematite-specularite.

The last five holes of the seven-hole program were spotted at the southeastern end of a local widening in the H-1 structure from which several multi-ounce gold shipments have been taken in the past. About a hundred meters to the southeast, the first two holes of the program were drilled below a trench excavated in 1995 which returned a grade of 11.65 g/t gold and 0.18% cobalt across 9.0 metres. True widths of the intervals are not known. No significant cobalt values were encountered in the holes.

Quality control procedures in place include the field insertion of blanks and standards into the sample stream. Gold was analyzed by 30 gram fire assay with AA finish.

Dino Cremonese, P.Eng.,  was the Qualified Person responsible for verification and quality assurance of analytical results for this program.

Moving Forward

A site visit is planned this fall to review the core in Stewart, followed by compilation and interpretation, directed at an aggressive exploration program in the next field season.

Corporate

Sunvest Minerals Corp.
1240-789 W Pender St.
Vancouver, BC, V6C 1H2

Corporate Office

TEL +1-604-683-3995
TOLL FREE +1-888-945-4770
FAX +1-604-683-3988
EMAIL INFO@SUNVESTMINERALS.COM

Gord Zelko
President & Director

OFFICE +1-250-495-7123
MOBILE +1-250-535-0680

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