Green Hills - Acquisition Pending
Closing of the transaction is subject to TSX approval and other conditions
The Property Overview
Targeting major potential for copper, cobalt, gold, and silver
Prolific and proven region
Mined from the 1800s to the 1940s
Numerous past producers, present producers, and prospects in the area
65 unpatented claims 32 km south of Butte
Located in a top-class mining-friendly jurisdiction with straight-forward legislation
Able to operate year-round; good road access
The various claims comprising the Property have over 10,000 metres of historical drilling, including by majors such as BHP, Cominco, Homestake, Phelps Dodge and Rio Tinto.
Significant drill and trench results include:
1.2% copper, 0.036% cobalt, and 200 ppb gold over 11.7 metres of massive sulfides in DH WCC 4
0.15% to 0.3% cobalt and up to 1.14% copper over 96.3 metres in DH K-1 (note, only 1 ft was assayed for every 10 ft)
1.8% copper and 450 ppb gold over 1.25 metres in DH PD-1
19.0% zinc over 0.7 metres in DH M-1
19.8% zinc over 0.4 metres in DH 79-1
Up to 4.7% copper, 0.07% cobalt, and 2.3 g/t gold in trenches advanced by BHP-Utah
With a 20km long gossanous zone, the land package is underlain by Proterozoic meta-sedimentary rocks with SEDEX style mineralization that is interpreted to be age-equivalent and part of the same Belt Supergroup that includes the world-class past-producing Sullivan Mine in British Columbia.
Comparable targets include the:
Teck Mining, Sullivan Mine
Purcell Group geology
A major producer of lead, zinc, and silver
Produced 26 million tons of lead, zinc, and silver
Jervois Mining, Idaho Cobalt Deposit
Purcell Group geology
Major copper, cobalt, and gold occurrence
Recent airborne geophysical survey work (Geotech’s Helicopter Borne VTEM) has delineated a series of high-priority electromagnetic anomalies within the Property (often indicative of sulphide mineralization), and numerous major and minor structures, which require follow-up exploration and possibly drilling.
The Company’s plan over the coming months is to build on the geophysical work completed through further geophysical mapping and interpretation, sampling, and other techniques in order to launch a comprehensive drill program with the goal of completing a maiden resource at one or more areas.
2021-2022 2022-2023 2024+
Priority targets include new never tested areas as well as previously drilled high-grade targets. The program will be designed to capture widespread mineralization ideal for low-cost production.
The Phase 1 2021 - 2022 field program is designed to establish new high-priority targets and will comprise of geophysical interpretation, data compilation and re-interpretation, and initial surface soil sampling, surveying, mapping, drilling.