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Projects

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Eldorado

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Location Map
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Regional Geology
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| Last: |
0.05 |
| High: |
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| $Chg: |
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| Volume: |
90000 |


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Overview:
- Candorado Operating Company Ltd owns 100% of the Eldorado property, subject to a 2% net smelter royalty
- The Property is located in the Stikine Terrane and the exploration target is a alkalic copper-gold porphyry deposit
- All significant previous exploration has been carried out on the largest claim block of the Property, located northeast of the Red Chris deposit
Location, Infrastructure and Resources:
- Property comprises four groups of claims covering 3,278 hectares
- The largest claim block, encompassing 2,828 ha, is located 21 km southeast of Iskut Village in northern BC and 10 km northeast of the Red Chris copper-gold deposit
- Road access is within 4 km to the largest claim block
History:
- Texasgulf Canada carried out geological, geochemical and geophysical surveys in 1976 and 1977
- A grab sample from a small hand-dug trench in 1977 yielded 0.12% copper and 0.45 ppm gold
- A 1980 reconnaissance drill program by Esso Resources Canada, comprising of four shallow holes, cut two 3-metre intersections grading 0.2% copper in two of the holes
- In 2004, a work program was conducted by Amarc Resources, including induced polarization (IP), magnetometer and soil geochemistry surveys
- Two IP chargeability anomalies were delineated and are awaiting further interpretation
Geology:
- Situated in the Stikine Terrane, which is comparable to the Quesnel Terrane
- These terranes host most of the alkalic copper-gold porphyry deposits in British Columbia
- Most of the Property is overburden covered, which means that geophysics is needed to help discover drill targets
- Northwest corner of the Property is situated near the Ealue Stock, of similar age and composition as the mid-Jurassic Red Stock hosting the Red Chris deposit
Mineral Occurrences:
- In the area of historic work, sulphide mineralization from outcrop, sub-crop and rock chips taken from auger soil sampling, consists mainly of pyrite, with lesser pyrrhotite and chalcopyrite
Recent Developments in the Area:
- Imperial Metals is developing the Red Chris alkalic copper-gold porphyry deposit, situated 10 km south-west of the largest claim block
Proposed Exploration:
- Interpretation of 2004 IP and magnetic survey
- Extension of the IP and magnetic geophysical survey to cover the entire large claim block
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