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Canasia Industries Corporation V.CAJ



TSXV:CAJ - Post by User

Post by target100on Jun 27, 2007 10:27pm
251 Views
Post# 13010508

The Puppy Report!

The Puppy Report!For all to see about the Clone The Clone prospect is located about 20 kilometres southeast of Stewart, at the southern end of the Cambria Icefield. Disseminated native gold and minor amounts of chalcopyrite, galena, pyrite and erythrite are hosted by shear-controlled veins and stockworks. In 1995, with Explore B.C. Program support, Teuton Resources Corporation carried out an integrated grassroots program of prospecting, geological, geochemical and geophysical surveys, trenching and diamond drilling, mostly concentrated on the southwest corner of the large Red property covering the periphery of the southwest Cambria Icefield. This work led to a significant gold discovery on the Clone 1 claim, resulting in an immediate option by Homestake Canada Inc. Teuton Resources Corporation and Minvita Enterprises Ltd. have entered into an agreement with Homestake Canada Inc. and Prime Resources Group Inc. on the Clone property. During 1995, 5.1 line kilometres of magnetic and electromagnetic surveys, 513.8 metres of trenching and 1070 metres of diamond drilling in 13 holes (testing both sulphide-rich and hematite-rich mineralization) were completed and 1542 rock samples were collected and assayed (Explore B.C. Program 95/96 - G165). In 1996, the property was explored by 1312.8 metres of trenching in 141 trenches, ground geophysics and 11,487.1 metres of drilling in 113 holes. Two types of mineralization have been identified along a strike distance of 1.25 kilometres associated with major northwesterly trending (320 degrees) shear zones (both ductile and brittle styles of deformation; i) hematite-cemented, chlorite +/- silica-rich breccia; and ii) semi to massive sulphide stringer pods/zones. In addition, numerous splays are horsetailed off fault structures. To date, drilling has tested about a 400 metre strike length of this system; the deepest mineralization section being to 200 metres. The rest of the systems are being sampled by hand-blasted trenches and (planned) drilling. Although some good, high-grade intersections are being reported, it appears the companies are having difficulty correlating between holes (i.e. mineralization is 'dilational' in nature and may require detailed (e.g. 25 metre centre) drilling to define individual ore shoots). Nonetheless, it appears that the Clone property is indeed a significant gold discovery, with very good potential to develop into a major gold mine. The hematite (+chlorite + silica +/- sericite) cemented zones are steeply dipping and contain specularite, chalcopyrite, magnetite and native gold (high purity > 95 per cent, as determined in the Cominco laboratory). The sulphide-dominated mineralization contains auriferous pyrite +/- arsenopyrite, and locally cobalt-bearing minerals(s) (erythrite bloom). Hematitazation appears to be pre-introduction of gold; the specularite-bearing veinlets formed later and contain gold. These zones (H1, H2, and H3; S1 and S2) are en echelon over a major NW trending 'shear' zone for approximately 60 metres in width. Hostrocks include a mega-breccia (debris flow?) and andesitic pyroclastic rocks to the east and argillaceous sediments to the west. Locally, a fine grained dacite porphyry dike intrudes both the hostrocks and the mineralized zones. In H structures, gold mineralization appears to be directly related to the presence of hematite and/or specularite in the hematite-cemented structures. Individual veins range up to 7 metres in width. Chalcopyrite is commonly associated with the gold-bearing zones. In the sulphide-bearing zones, veins range up to 6 metres in width. Cobalt assays up to 0.71 per cent were reported from trenches. The company is looking at a possible 'elevation' control to dilational-controlled mineralization, with a corresponding increase in sulphides. Chlorite is present throughout. This 'elevation' control is suspected in drillhole 96-18 where a 30 metre intersection assaying 12.34 grams per tonne gold was obtained. The company routinely stains the rocks for K-spar alteration; it appears that it is an initial (early), very pervasive phase in the altered andesitic rocks (and confirmed by thin section studies). In 1996, drilling traced the hematite-rich H-1 structure over a strike length of 330 metres and a vertical range of 236 metres. A total of 28 holes were drilled on the southeastern end of the zone. The holes intersected rock with grades ranging from 2.85 to 44.23 grams per tonne gold over drill intercepts of 2.2 to 50.9 metres. Estimated true width is 36 metres. Cobalt values were as high as 0.13 per cent. Seven hole returned no significant mineralization. The northern extensions of the H-1 and S-2A were tested by 12 holes. Results ranged from 4.1 metres grading 1.13 grams per tonne gold and 0.06 per cent cobalt (hole 66) to 0.49 metres of 30.51 grams per tonne gold (hole 65) (Northern Miner, November 11, 1996). Other zones were also tested. Another intersection (hole 18) was 61.7 grams per tonne gold and 0.31 per cent cobalt over 5 metres (GCNL #192(Oct.6), 1997). As a result of a 17-hole drill program in 1997, Tenton Resources Corp. and Minvita Enterprises Ltd., conclude that cross structures to the sulphide and hematite shear zones control gold-cobalt mineralization. The mineralization will predate this 200 Ma date. Given the high closure date for titanite (650 C) and upper crust emplacement of the sill, the date is also the age of crystallization. In 2003 Lateegra Resources Corp, under an option agreement with Teuton Resources Corp and Minveta Enterprises Ltd, drilled 9 holes totaling 470.6 metres; four tested the shear zone and three yielded high-grade assays. The most spectacular intersection was in CL03-2, which twinned a 1996 hole, and intersected 80.80 grams per tonne gold over an apparent width of 8.47 metres (Assessment Report 27297). Late in 2005, Canasia Industries Corp struck an option agreement with Teuton Resources Corporation on the prospect. From Minfile On Target Everytime with a Bullseye!
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