Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

ArcWest Exploration Inc V.AWX

Alternate Symbol(s):  SJRNF

ArcWest Exploration Inc. is a Canada-based mineral exploration company. It is focused on porphyry copper-gold exploration opportunities throughout western North America. Its projects include Oweegee Dome, Todd Creek, Eagle, Rip, Sparrowhawk, and Teeta Creek & NVI. Its 100% owned, 32,133-hectare Todd Creek project is located 30 kilometers (km) northeast of Stewart and 45 km southeast of the giant KSM-Iron Cap porphyry Cu-Au (Seabridge Gold) and Treaty Creek Au-Ag+/-Cu (Tudor) deposits in B.C.'s Golden Triangle. Its 100% owned, 31,077-hectare Oweegee Dome porphyry Cu-Mo-Au project is located 45 km east of Seabridge Gold's supergiant KSM-Iron Cap porphyry Cu-Au project and 40 km east of Tudor Gold's Treaty Creek Au-Ag-Cu project. The Rip Property is a copper molybdenum porphyry (Cu-Mo-Au) prospect located in the Skeena Arch approximately 60 km south of Houston, British Columbia. Its 10,006-hectare Sparrowhawk project is located 11 kms southeast of the Morrison Cu deposit.


TSXV:AWX - Post by User

Bullboard Posts
Post by sueronon Aug 30, 2017 1:10pm
93 Views
Post# 26637883

The Oweegee Property

The Oweegee Property

Geology and Mineralization

The Oweegee Property is situated on the eastern flank of a broad, regional northwest trending sub-volcancic-plutonic belt related to the Stuhini and Hazelton groups. Forming part of the Stikinia Terrane known as the ‘Stewart Complex’, the belt hosts much of the polymetallic mineralization in the Stewart Camp including past producing mines including Eskay Creek, Granduc, and Silbak-Premiere.

The Oweegee Property is underlain by the favourable Hazelton Group rocks and surrounded by Bowser Lake Group sediments. The geology at Oweegee includes the mapped fault contact of the Triassic Stuhini-Jurassic Hazelton Group rocks, which are proximal to many mineral deposits in the Stewart Camp. This contact, also known as the ‘Kyba red line’, has been identified by Nelson and Kyba (2014 (*1*)) as a favourable geological environment for the formation of major metal deposits in proximal Hazelton Group rocks

*1*. Nelson, J., and Kyba, J., 2014, Structural and stratigraphic control of porphyry and related mineralization in the Treaty Glacier – KSM – Brucejack – Stewart trend of western Stikinia. In: Geological Fieldwork 2013, British Columbia Ministry of Energy and Mines, British Columbia Geological Survey Paper 2014-1, pp. 111-140.

Ground work has been focused on mineralized zones on the Deltaic and Delta West Grids. The Deltaic Grid displays Au-Cu porphyry mineralization. Historic drill result highlights include drill hole DC07-03 returning 0.189 g Au/t and 0.074% Cu over a 138.67 m core length including a higher-grade Au section that contained 0.468 g Au/t and 0.11% Cu over 17.14 m and a higher Cu section that returned 0.140 g Au/t and 0.17% Cu over 17.08 m (Molloy 2008(*2*)). In addition, anomalous Au, Cu, Pb, and Zn values associated with a felsic dome at the South Meadow area of the Deltaic Grid suggest VMS feeder mineralization.

*2*. Molloy, D. E., 2008, Report on the 2007 Exploration Program carried out on the Deltaic Grid of the Stewart Property; for the Weekes’ Investment Group, ARIS # 30126a, b, c, p. 243, 41, 12.

On the western side of the Oweegee Dome, the Delta West Grid is characterized by buried, stratabound base metal Zn-Cu-Ag VMS type mineralization.

Relatively little property wide geochemistry, mapping, or drilling has been conducted on the property. The recently built local infrastructure increases road access to much more of the property, which may decrease discovery costs.

Proposed Exploration Program

An initial Phase 1 exploration program is recommended to further evaluate the targets identified on the Oweegee Dome Property to date. Integration and interpretation of all historic geological, geochemical and geophysical datasets should precede field work. Geologic mapping and sampling, supported with ground magnetic and IP surveys, would further confirm and delineate the multiple recent and previously identified exploration and drill targets. The preceding work will allow prioritization of drill targets and enhance likelihood of drill success.

Agreement and Terms

Millrock currently has an option agreement on Oweegee Dome project with Sojourn Ventures Inc., (TSX-V: SOJ) ("Sojourn"), which may purchase a 100% interest (subject to a royalty provision) by issuing Sojourn shares.

“THE TECHNICAL INFORMATION WITHIN THIS DOCUMENT HAS BEEN REVIEWED AND APPROVED BY GREGORY A. BEISCHER, PRESIDENT & CEO OF MILLROCK RESOURCES INC. MR. BEISCHER IS A QUALIFIED PERSON AS DEFINED IN NI 43-101.

THE INFORMATION IN THIS SUMMARY HAS BEEN DERIVED FROM A NI-43-101 REPORT THAT IS BEING PREPARED BY SOJOURN AND WILL BE SUBMITTED TO THE TSX-V. A COPY OF THE REPORT WILL BE AVAILABLE SHORTLY.

** Not saying to buy or sell..

GLTA SOJ share holders.Ron

 

Bullboard Posts