|Commodity:||Cu-Au-Ag±Mo porphyry, Au-Ag epithermal vein|
|Location:||British Columbia, Canada|
|Status:||Optioned to Antofagasta PLC|
|Stage:||Geophysical Survey, Geological Mapping and Prospecting for Drilling|
The Ball Creek Project is a large 524 square kilometre early stage exploration property prospective for copper-gold porphyry and epithermal gold-silver deposits ideally located in NW British Columbia's Golden Triangle, and only eight kilometres west of Highway 37 and the 287 kV Northwest Transmission Line. Evrim's acquisition of Ball Creek is part of its strategic focus on quality, and the upgrading of its portfolio with well mineralized assets, with significant upside, in the best regions.
- Located in a geologically highly prospective region containing significant deposits and mines
- Moderate topography located close to infrastructure which significantly enhances the economics of any discovery
- A large land package which hosts several copper and gold systems yet remains significantly underexplored
- High quality data from historic exploration programs, demonstrated targets that remain open for testing
- 100% ownership by Evrim
The Ball Creek property is located along the Eskay Rift and the Jurassic unconformity, features that have been highlighted in work by the B.C. Geological Survey as possible regional-scale controls on significant gold and copper mineralized systems.(1
) The Main Zone at Ball Creek is situated less than 70 kilometres from four major porphyry copper-gold deposits:
- 60 kilometres southwest of Imperial Metals' Red Chris Deposit (3.5 Mt copper, 11.6 Moz gold and 36.8 Moz silver in measured and indicated resources),
- 36 kilometres east of Schaft Creek Deposit (2.70 Mt copper, 6.08 Moz gold and 52.0 Moz silver in measured and indicated resources),
- 65 kilometres east of Galore Creek Deposit (4.0 Mt copper, 8.0 Moz gold, 16 Moz silver in measured and indicated resources), and
- 37 kilometres south of GJ/Kinaskan Project (0.49 Mt copper and 1.82 Moz gold in measured and indicated resources).
Several porphyry copper-gold and epithermal gold systems are in close proximity on the project and are associated with Jurassic intrusives of the Texas Creek plutonic suite which intrude Stuhini Group volcanic and siliciclastic rocks. Similar relationships host several important mineralized systems in northwest British Columbia. At the Main Zone target area, a cluster of four porphyry-style mineralized zones exhibit significant and complex porphyritic multi-phase intrusives and alteration representing a strong and long-lived hydrothermal system. Limited work has also identified two epithermal gold-silver prospects.
To acquire a 100% interest in the Ball Creek project, Evrim will pay to Paget C$150,000 and additional consideration consisting of cash or shares, at Evrim's election, in the event certain exploration milestones are made or joint venture payments are received. The Ball Creek property is also subject to an underlying 2% net smelter royalty (NSR), of which half can be purchased for $1.0 million.
Alldrick, D. J., Nelson, J. L., and Barresi, T., 2005. Tracking the Eskay Rift through northern British Columbia: geology and mineral occurrences of the upper Iskut River area. In: Geological Fieldwork 2004, British Columbia Ministry of Energy, Mines and Petroleum Resources, British Columbia Geological Survey Paper 2005-1, pp. 1-30
Kyba, J., 2014. The Stuhini-Hazelton Unconformity of Stikinia, Investigations at KSM-Brucejack, Snip-Johnny Mountain and Red Chris Areas. Paper 240-7 In: Session 240, Triassic-Jurassic Tectonics and Tectonic-Structural Controls on Porphyry and Related Mineralization in the Northern Cordillera, 2014 GSA Annual Meeting, Vancouver.
The content of this page has been reviewed by Stewart Harris, P.Geo., Vice President, Technical Services for the Company. Mr. Harris is a Qualified Person as defined under the terms of National Instrument 43-101.