January 12, 2009 – Todd Creek

January 12, 2009 by PolarStar Mining

TORONTO, ON, January 12, 2009 – Polar Star Mining Corporation (TSXV:POS) (“Polar Star” or the “Company”) and its partner, Goldeye Explorations Limited (“Goldeye”) and the optionor, Intuitive Exploration Inc. (“NTE”), are pleased to announce the discovery of a significant volcanogenic massive sulfide (VMS) environment on the Todd Creek Property in northwest British Columbia, Canada.  BC Geological Survey geologists have confirmed the favorable environment, which has been traced via the presence of VMS stratigraphy, stringer/feeder zones and multiple exhalite horizons, in outcrop and new drillholes over a strike length of more than 7 km.  Sampling of the discovery outcrop in 2008 returned assays up to 57 g Ag/T, 1.7% Cu and 7.1% Zn.  The partners have optioned additional ground to cover the apparent strike extension of one of the VMS horizons, bringing the total land position to nearly 20,000 hectares.

 

Core drilling in 2008 at the South Zone Au-Cu target returned an interval of 1.75 g Au/T and 0.26% Cu over a 17.3m core length.  Assays have not been delivered for the bottom portion of that first hole or the seven additional holes from the 2,600 meter program.  Historic drilling at the South Zone included a number of strong intercepts, including 8.62 g Au/T and 0.45% Cu over 11.7m.  Subsequent drilling at South Zone in 2008 encountered VMS-style mineralization, for which assays have not yet been returned.  NTE geologists have interpreted the South Zone as occupying an important structural intersection that may constitute a feeder to VMS stratigraphy and a conduit for later crosscutting epithermal or porphyry-related Au-Cu mineralization.  Most of the analytical results from 2008 drilling and surface geochemistry have been put on hold at the lab pending the restructuring of Intuitive Exploration Inc. (NTE), the private company operating the exploration program, which cost approximately $2.2 million in 2008.

 

The Todd Creek Property is located in Skeena Mining Division in the Eastern Volcanic Belt of the Stewart Gold Camp of British Columbia.  There remain numerous other gold, copper, and VMS targets to be delineated when results from 2008 are complete.  NTE is contemplating the 2009 exploration program to follow up on these successes.  The program may include an airborne electromagnetic/magnetics survey, ground geophysical surveys, mapping/sampling, and diamond drilling.  The property is held by Polar Star and Goldeye, and NTE has the right to earn up to a 70% interest with expenditures of $5 million and certain option and share payments.  NTE expended approximately $2.2 million in exploration during 2008. 

 

Qualified Person

 

Mr. David E. Molloy, M.Sc., P.Geo., ABEGBC, APGEO is the qualified person within the meaning of National Instrument 43-101. Mr. Molloy has reviewed the contents of this news release.

 


About Polar Star

 

Polar Star was created to acquire advanced stage exploration properties focusing on gold, copper-gold, and uranium. The Corporation’s material assets include 20 projects in Chile, which are 100% owned and cover approximately 146,112 hectares. HudBay Minerals Inc. acquired 3,860,605 shares of Polar Star in July 2008 which represents approximately 9.8% of the outstanding shares of the Company.

 

About Goldeye

 

Goldeye is a Canadian mineral exploration company acquiring, exploring and advancing

properties in Canada and Chile. For further information on Goldeye, please contact Blaine Webster, CEO, 905-886-2538.

 

Forward-Looking Statements

 

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties.  Actual events or results could differ materially from the Company’s expectations and projections. Accordingly, readers should not place undue reliance on forward-looking statements.  For a more detailed discussion of such risks and other factors, refer to Polar Star Mining Corporation’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.polarstarmining.com.

 
Share Capitalization:
 

Shares Outstanding: 39,241,098 as at January 12, 2009.

 

For further information please contact:

 

Douglas Willock, President and CEO, Polar Star Mining Corporation

Telephone: 416-368-3496, Email: info@polarstarmining.com

 

 

Business Television Feature:

 

Polar Star was selected and featured on Business Television in early December 2008. If you missed the show, please click on the link below to watch the full-feature http://www.b-tv.com/features/watch-now.html?clip=BNNpolarstarmining.wmv.

 

 
The Toronto Stock Exchange Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release and the information contained herein.

 

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January 12, 2009 – Montezuma

January 12, 2009 by PolarStar Mining

TORONTO, ON– January 12, 2009 Polar Star Mining Corporation (TSXV: POS) (“Polar Star” or the “Company”) announces an exploration update on its Montezuma property which is believed by the Company to have the potential to host large porphyry copper deposits. Reconnaissance geological mapping, rock and soil sampling by Polar Star staff and a 119 line kilometre pole-dipole Induced Polarisation (IP) survey conducted on behalf of Polar Star by Quantec Geoscience, Santiago, Chile have now been completed.

Highlights:
Montezuma
• Old workings, leached and oxide copper bearing outcrops, geological and geochemical surveys define a highly prospective belt 5-8 kilometres wide by 30 kilometres long centred on the West Fault System.
• A large Chargeability/Resistivity anomaly 0.8 to 2.3 kilometres wide, 23.5 kilometres long, extending to depths of at least 300 to 500 metres has been identified by the Quantec IP survey within this belt, along with several other 2- 4 kilometre long satellite anomalies.
• The length of the main IP anomaly is greater than all the known Chuquicamata porphyry copper deposits combined.
• Property consists of 43,200 hectares, and is located 30 kilometres due south of CODELCO’s Chuquicamata Mine and Smelter Complex; and,
• Covers 25 km of the West Fault System and associated splays, which hosts many large porphyry copper deposits including Chuquicamata and Escondida.

The Montezuma Project

The Montezuma Project consists of a contiguous group of 100% owned exploration concessions staked by Polar Star. As noted above, the West Fault System is well known for the exceptional tonnage and quality of its deposits. The Chilean Mine Handbook reported that in 2007 the BHP/RTZ owned Escondida Mine produced 1.5 million tonnes of copper and had copper reserves of 4.3 billion tonnes at an average grade of 0.81% Cu. The Corporaciόn Nacional del Cobre’s (“Codelco”) El Norte Division, which includes Chuquicamata, reported production of 0.9 million tonnes of copper, reserves of 2.3 billion tonnes and an average grade of 0.79% Cu during the same period.

The Montezuma Project is located in the Sierra Limon Verde oxide copper mining district and is readily accessible by paved and good gravel road from the city of Calama, 20 kilometers to the north. The project consists of three groups of exploration concessions; Montezuma, Topater and Limonal totaling 43,200 hectares staked and owned 100% by Polar Star.

The Property lies within the central sub-zone of the main Chilean porphyry belt and covers approximately 25 kilometres of strike of the West Fault System and associated sub-parallel and NW-SE cross-cutting ancillary faults. The hills of Sierra Limon Verde which cover the Limonal, north and west half of the Montezuma claims generally expose the same group of metamorphosed Paleozoic intrusive, volcanic and sedimentary rocks that host the Chuquicamata porphyry copper deposits. The rest of the Montezuma claims and most of the adjacent Topater claims are covered by pediment gravels derived from the local hills.

Polar’s geological and geochemical surveys to date have identified several large areas of leached, hematite stained and sulphate rich caps containing minor amounts of copper wad and chrysocola developed along and lateral to the West Fault System where it strikes through the northern claims of the Montezuma group and within the Topater group, quartz-tourmaline-copper-gold veins and stockworks of the type commonly found peripheral to porphyry systems. In addition on several of the IP lines, 1-2 metre deep pits dug for electrodes uncovered disseminated copper minerals in porphyritic intrusive rocks.

There are no public records of mining or exploration activity in the property area. There are however three groups of old drill holes reportedly drilled by Codelco in the central and southern part of the Montezuma property along the projection of the West Fault System. Cuttings from a number of these holes show propylitic to phyllic alteration assemblages containing disseminated and veinlet pyrite plus minor chalcopyrite and bornite.

The reconnaissance IP survey was concentrated along a NNE trending belt some 6-9 kilometres wide covering the trace of the West Fault System and adjacent N-NNE trending splays and cross faults and detected several anomalies. The main anomaly, which is entirely covered either by a sulphate cap or pediment gravels is 0.8 – 2.3 kilometres wide, 23.5 kilometres long and extends to depths of at least 300-500 metres. The central sector of the anomaly straddles the West Fault but to the north and south it appears to be controlled by NNE trending splay and cross faults. By comparison the length of this main anomaly is greater than the combined known Chuquicamata porphyry copper deposits from Radomiro Tomic to Toki (see attached map).

Qualified Person

Mr. Terence Walker, M.Sc., P.Geo., is the qualified person within the meaning of National Instrument 43-101. Mr. Walker has reviewed the contents of this news release. The forgoing comments and interpretation of the IP survey results are based on local knowledge and experience of Polar Star’s personnel. The Quantec final report and recommendations are still in preparation.

About Polar Star
Polar Star was created to acquire advanced stage exploration properties focusing on gold, copper gold, and uranium. The Corporation’s material assets include 20 projects in Chile, which are 100% owned and cover approximately 146,112 hectares. HudBay Minerals Inc. acquired 3,860,605 shares of Polar Star in July 2008 which represents approximately 9.8% of the outstanding shares of the Company.
Forward-Looking Statements

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company’s expectations and projections. Accordingly, readers should not place undue reliance on forward-looking statements. For a more detailed discussion of such risks and other factors, refer to Polar Star Mining Corporation’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.polarstarmining.com.
Share Capitalization:

Shares Outstanding: 39,241,098 as at January 12, 2009.

For further information please contact:

Douglas Willock, President and CEO, Polar Star Mining Corporation Telephone: 416-368-3496, E-mail: info@polarstarmining.com
Business Television Feature:

Polar Star was selected and featured on Business Television in early March 2008. If you missed the show, please click on the link below to watch the full-feature
http://www.b-tv.com/i/videos/PolarStar.wmv
The Toronto Stock Exchange Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release and the information contained herein.

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January 8, 2009

January 9, 2009 by PolarStar Mining

Polar Star Completes Phase I Due Diligence Drilling

 at the Chépica Project                                                          

 

TORONTO, ON, January 8, 2009 – Polar Star Mining Corporation (TSXV POS) (“Polar Star” or the “Company”) announces final results from sixty-five shallow diamond drill holes totalling 6,758 meters completed in late November 2008 on the Chépica No.1 and No.2 Vein systems as part of its ongoing due diligence review of the Chépica mining property and mill (the “Chépica Project”), Talca, Region VII, Chile. Results from the first 30 holes were the subject of Polar Star’s October 22, 2008 press release with the remainder covered by this release.

 

Highlights

 

·         49 holes totalling 5,274 meters on the Chépica No.1 Vein system, covering 330 meters of strike and to 180 meters depth.

·         16 holes totalling 1,484 meters on Chépica No.2 Vein system, covering 150 meters of strike and to 125 meters depth.

·         Drilling on the Chépica No.1 Vein system demonstrates this system has good lateral and vertical continuity and contains at least 3 strong veins with true widths typically ranging from 2 meters to over 12 meters.

·         Drilling on the Chépica No.2 Vein system also shows multiple veins, however they are more irregular and true widths typically range from 1.5 meters to 8 meters. 

·         Merging of individual veins to form composite veins from 5 meters to over 20 meters true width is common to both systems.

·         Weighted average grades from the individual veins include highs of 12.8 g/t gold plus 1.96% copper over 2 meters to 31.67 g/t gold plus 0.78% copper over 3 meters width from the Chépica No.1 Vein system and 2.2 g/t gold plus 3.97% copper over 2 meters to 4.96 g/t gold plus 1.17% copper over 3 meters from the Chépica No.2 Vein.

·         Weighted average grades from composite veins include highs of 3.37 g/t gold plus 0.56% copper over 21 meters to 2.1 g/t gold plus 0.7% copper over 45 meters from the Chépica No.1 Vein and 2.4 g/t gold plus 1.39% copper over 5 meters to 1.81 g/t gold + 3.32% copper over 9 meters from the Chépica No.2 Vein.

·         The sulphide flotation mill began on-going sampling and testing of operations in mid November 2008 and is now processing an average of 50 tonnes per day from the Chépica No.2 Vein system. The mineralized material being shipped to the smelter grades from 25% – 29% copper and 30 – 45 g/t gold.

·         The Chépica Project operator is currently planning to increase mill throughout to at least 150t/d by mid-March, 2009.

 

 

Diamond Drill Results (see Summary Table attached)

 


Diamond Drilling Program

The 65 hole due diligence diamond drilling complete to date consists of:

a)      A series of fourteen fences of three or four holes each drilled along approximately 330 meters of strike of the Chépica No.1 Vein system, the first twelve fences being spaced approximately 25 meters apart and the two southern most fences at 50 meters spacing. The holes within each fence test the Chépica No.1 Vein system at 25 meter intervals from 25 meters to 150 meters below the 125 meters main adit level, assays from which were previously reported (see October 22, 2008 press release).

 

b)      A series of six fences of two or three holes each drilled along approximately 150 meters of strike of the Chépica No.2 Vein system, the fences being spaced approximately 25 meters apart. The holes within each fence test the Chépica No.2 Vein system at 25 meter intervals from 25 meters above to 75 meters below the 130 meter main adit level.

 

This program was designed to confirm and extend a copper-gold resource reported by ENAMI in 2005 that exists below the Chépica No.1 and Chépica No.2 main adits. Individual samples within the vein system intersected were selected based on vein characteristics. The intercept values reported in the table are weighted averages.

 

All but six of the Chépica No.1 drill holes and three of the Chépica No.2 drill holes cut what the Company believes are good grades of gold and copper over potentially mineable widths, the details of which can be found in the attached table. This drilling also demonstrates that the Chépica No.1 Vein system has good continuity and contains at least 3 strong on-echelon veins, nominally denoted as hanging wall, central and footwall veins in the attached table. Their widths typically range from 3 meters to over 12 meters. However, in holes 12, 17, 23, 25, 26, 35 and 54 two or more veins merge to form composite veins over 20 meters wide. The Chépica No.1 Vein system is open to extension along strike and to depth. The drilling on the Chépica No.2 Vein system also shows multiple veins; however, they are more irregular and widths typically range from 1.5 meters to 8 meters true width and can also merge to form composite veins up to 10 meters width. Plan sections of the No.1 Vein will be posted to the Polar Star website (www.polarstarmining.com). Attached is a map of the Chépica No.1 Vein system drill program.

 

The Company is continuing surface exploration of the five other gold and/or copper-gold bearing vein systems on the Chépica Project and 15 additional targets on its adjoining wholly owned Corinto and Batuco claims.

 

The Chépica Project

 

Polar Star currently owns a 15% equity interest in the Chépica Project and has the right to acquire the remaining 85% of the Chépica Mine by making cash payments totalling 2.7 billion Chilean Pesos (approximately US$ 4.3 million) by June 20, 2009, pending successful completion of its final due diligence review. 

 

This Chépica Project adjoins Polar Star’s wholly owned Corinto and Batuco claims. These claims plus the Chépica Project total 16,640 hectares in the Pencahue District, Region VII, Chile on which prior exploration by other companies has defined 15 gold and copper-gold zones. The Chépica Mine is currently being developed, by its current operator, to achieve a planned initial production of 200 tonnes per day increasing to over 500 tonnes per day by late 2009. Readers are cautioned that a feasibility study has not been completed and there is no certainty the proposed operations will be economically viable.

 

The Chépica Mine property, located 225 kilometres south of Santiago, near the city of Talca, covers the Cerro Chépica copper-gold mining district. It is readily accessible by paved and good gravel road from the city of Talca 20 kilometres to the east. See Polar Star’s news release of April 24, 2008 for additional information.

 


NI 43-101 Report

 

Polar Star has retained the services of SRK Consulting’s Santiago office (see October 22, 2008 press release) to prepare a National Instrument 43-101 compliant report on the Chépica No.1 Vein system property and to subsequently develop a mine plan.

 

Qualified Person

 

Mr. Terence Walker, M.Sc., P.Geo., is the qualified person within the meaning of National Instrument 43-101. Mr. Walker has reviewed the contents of this news release. Individual core samples were halved using a diamond core saw, one half bagged and sealed on site for assay the other half retained on site in sealed metallic core boxes for future reference. All analyses were carried out at ALS Patagonia Laboratories, Coquimbo, Chile. Routine gold analysis was carried out on 30g sub-samples using a fire assay pre-concentration and atomic absorption spectro-photogrametric (AAS) finish. Samples with values greater than 10g/t were re-analysed by fire assay and gravimetric finish. Silver and copper were also routinely analysed by ICP following hot four acid digestion. Samples with copper values over 1% were re-analysed using a hydrofluoric-nitric-hypochloric acid digestion, hydrochloric acid leach and AAS finish.

 

About Polar Star

 

Polar Star was created to acquire advanced stage exploration properties focusing on gold, copper-gold, and uranium. The Corporation’s material assets include 20 projects in Chile, which are 100% owned and cover approximately 146,112 hectares. HudBay Minerals Inc. acquired 3,860,605 shares of Polar Star in July 2008 which represents approximately 9.8% of the outstanding shares of the Company.

 

Forward-Looking Statements

 

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties.  Actual events or results could differ materially from the Company’s expectations and projections. Accordingly, readers should not place undue reliance on forward-looking statements.  For a more detailed discussion of such risks and other factors, refer to Polar Star Mining Corporation’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.polarstarmining.com.

 
Share Capitalization:
 

Shares Outstanding: 39,241,098 as at January 8, 2009.

 

For further information please contact:

 

Douglas Willock, President and CEO, Polar Star Mining Corporation

Telephone: 416-368-3496, Email: info@polarstarmining.com

 

 

Business Television Feature:

 

Polar Star was selected and featured on Business Television in early December 2008. If you missed the show, please click on the link below to watch the full-feature http://www.b-tv.com/features/watch-now.html?clip=BNNpolarstarmining.wmv.

 

 
The Toronto Stock Exchange Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release and the information contained herein.


Diamond Drill Results

Phase I Drill Results, Chépica Project  (See Note 1)

Hole #

From(m)

To(m)

Interval

Au g/t

Ag g/t

Cu%

Comments

Section 1

 

 

 

 

 

 

CH08-03

0.0

27.0

27.0

2.2

13.5

0.10

Oxide Zone

includes

14.0

24.0

10.0

5.4

14.0

0.13

 

includes

17.0

20.0

3.0

12.90

13.0

0.05

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-04

22.0

44.0

22.0

1.9

9.6

0.24

Sulphide Zone

includes

34.0

41.0

7.0

4.9

12.7

0.45

 

includes

34.0

36.0

2.0

11.89

27.5

0.58

Foot Wall Vein

 

 

 

 

 

 

 

 

Section 1A

 

 

 

 

 

 

Sulphide Zone

CH08-54*

32.0

36.0

4.0

2.67

25.0

0.68

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-55*

38.0

43.0

5.0

0.51

19.0

0.51

Center Vein

 

48.0

50.0

2.0

3.01

28.0

1.66

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-56*

78.0

89.2

11.2

0.65

8.0

0.64

Sulphide Zone

Includes

85.5

89.2

3.7

1.20

7.0

0.77

Foot Wall Vein

 

 

 

 

 

 

 

 

Section 1B

 

 

 

 

 

 

 

CH08-57*

28.0

36.3

8.3

1.85

15.0

0.51

Sulphide Zone

Includes

32.0

36.3

4.3

2.99

8.0

0.61

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-58*

51.0

52.0

1.0

1.44

8.0

0.90

Sulphide Zone

 

56.0

58.5

2.5

1.18

12.0

1.08

Foot Wall Vein

 

 

 

 

 

 

 

 

Section 2

 

 

 

 

 

 

 

CH08-01

0.0

33.0

33.0

2.12

5.5

0.06

Oxide Zone

Includes

10.0

14.0

4.0

14.5

5.5

0.07

 

 

12.0

14.0

2.0

25.7

8.5

0.05

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-02

19.0

35.0

16.0

1.6

11.6

0.37

Sulphide Zone

Includes

28.0

35.0

7.0

3.7

17.0

0.39

 

 

28.0

30.0

2.0

6.9

39.0

0.36

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-50*

42.0

49.0

7.0

1.42

12.3

0.52

Sulphide Zone

Includes

45.0

49.0

4.0

1.83

17.8

0.77

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-51*

61.0

74.0

13.0

2.2

11.3

1.27

Sulphide Zone

Includes

68.0

72.5

4.5

4.63

19.2

1.60

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-52*

86.0

93.3

7.3

1.38

10.7

0.80

Sulphide Zone

Includes

90.0

92.0

2.0

2.44

16.0

0.87

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-53*

69.0

72.0

3.0

0.55

25.3

2.76

Center Vein

 

 

 

 

 

 

 

 

Section 3

 

 

 

 

 

 

 

CH08-12

27.0

48.0

21.0

3.37

30

0.56

Sulphide Zone

Includes

32.0

34.0

2.0

0.74

19

1.59

 

 

37.0

39.0

2.0

10.45

125

0.14

Foot Wall Vein

 

36.0

47.0

11.0

4.28

34

0.34

 

 

 

 

 

 

 

 

 

CH08-15

38.0

46.0

8.0

0.37

8.6

0.35

Sulphide Zone

Includes

39.0

41.0

2.0

0.19

10.6

0.98

Center Vein

 

54.0

57.0

3.0

1.58

44

0.59

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-17

51.0

96.0

45.0

2.1

10.8

0.70

Sulphide Zone

Includes

55.0

59.0

4.0

8.0

27.0

2.4

Center Vein

 

73.0

90.0

17.0

3.0

8.5

0.89

 

 

84.0

89.0

5.0

6.1

8.4

1.07

 

 

84.0

86.0

2.0

12.8

14.5

1.96

Foot Wall Vein

 

 

 

 

 

 

 

 

Section 4

 

 

 

 

 

 

 

CH08-05

26.0

44.0

18.0

1.3

8.3

0.20

Sulphide Zone

Includes

40.0

43.0

3.0

6.1

8.7

0.63

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-06

36.0

41.0

5.0

0.22

7.8

0.63

Sulphide Zone

 

50.0

60.0

10.0

0.83

5.5

0.63

 

Includes

51.0

55.0

4.0

1.12

5.8

0.63

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-07

Zone faulted out anomalous values Au, Ag Cu

 

 

 

 

 

 

 

 

 

 

Section 5

 

 

 

 

 

 

 

CH08-09

39.0

54.0

15.0

2.23

3.6

0.14

Sulphide Zone

Includes

47.0

50.0

3.0

10.09

6.7

0.59

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-10

14.0

21.0

7.0

0.43

1.6

0.03

Oxide Zone

 

67.0

69.0

2.0

3.16

34.0

0.52

Sulphide Zone,

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-13

17.0

18.0

1.0

1.21

4.0

0.02

Oxide Zone

 

27.0

37.0

10.0

1.02

12.8

0.08

Oxide Zone

Includes

28.0

29.0

1.0

1.48

30.0

0.04

Hanging wall vein

 

 

 

 

 

 

 

 

Section 6

 

 

 

 

 

 

CH08-14

40.0

54.0

14.0

2.07

4.9

0.39

Sulphide Zone

Includes

43.0

46.0

3.0

2.70

10.7

1.27

Center Vein

 

49.0

53.0

4.0

4.89

5.3

0.34

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-16

8.0

15.0

7.0

0.63

5.9

0.03

Oxide Zone

Includes

13.0

15.0

2.0

1.43

6.5

0.05

 

 

56.0

60.0

4.0

1.12

923.0

1.13

Sulphide Zone,

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-18

70.0

83.0

13.0

0.41

9.3

0.46

Sulphide Zone

Includes

76.0

79.0

3.0

0.77

22.3

0.96

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-20

28.0

35.8

7.8

2.06

15.4

0.42

Sulphide Zone, Hanging Wall Vein

 

 

 

 

 

 

 

 

Section 7

 

 

 

 

 

 

CH08-08

54.0

63.0

9.0

1.12

8.0

0.51

Sulphide Zone

Includes

60.0

62.0

2.0

2.45

14.0

0.89

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-11

34.2

35.8

1.6

0.52

30.0

1.70

Sulphide Zone, Hanging Wall Vein

 

65.0

71.0

6.0

0.69

9.3

0.39

 

Includes

68.0

69.0

1.0

1.97

17.0

0.35

Center Vein

 

 

 

 

 

 

 

 

Section 8

 

 

 

 

 

 

CH08-22

39.0

51.0

12.0

3.3

9.3

0.44

Sulphide Zone

Includes

42.0

50.0

8.0

4.48

11.3

0.59

 

Includes

43.0

45.0

2.0

9.91

13.0

0.63

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-23

87.0

119.0

32.0

2.65

7.8

0.76

Sulphide Zone

Includes

93.0

106.0

13.0

5.88

8.4

0.45

Foot Wall Vein

Includes

110.0

113.0

3.0

1.27

13.7

3.16

Foot Wall Breccia

 

 

 

 

 

 

 

 

Section 9

 

 

 

 

 

 

CH08-21

30.0

41.0

11.0

0.75

11.9

0.53

Sulphide Zone

Includes

37.0

40.0

3.0

1.22

11.0

0.80

Foot Wall Vein

 

44.0

46.0

2.0

0.38

4.0

0.55

Foot Wall Breccia

 

 

 

 

 

 

 

 

CH08-25

56.0

92.0

36.0

2.06

9.0

0.80

Sulphide Zone

Includes

59.0

68.0

9.0

2.38

21.0

1.89

Foot Wall Vein

Includes

59.0

64.0

5.0

1.97

30.0

2.62

 

 

77.0

92.0

15.0

2.86

4.8

0.41

Center Vein

Includes

77.0

81.0

4.0

5.34

5.0

0.68

 

 

110.0

122.0

12.0

1.09

3.5

0.33

Hanging Wall Vein

Includes

111.0

114.0

3.0

2.38

5.3

0.51

 

 

 

 

 

 

 

 

 

CH08-27

Zone displaced by faulting

 

 

 

 

 

 

 

 

 

 

CH08-29

26.0

39.0

13.0

0.63

7.7

0.73

Sulphide Zone

Includes

33.0

36.0

3.0

1.08

16.0

1.87

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-64*

90.0

95.0

5.0

0.75

6.0

0.51

Hanging Wall Vein

Includes

93.0

95.0

2.0

1.06

8.0

0.63

 

 

102.0

106.0

4.0

1.65

7.5

0.67

Center Vein

 

 

 

 

 

 

 

 

Section 10

 

 

 

 

 

Sulphide Zone

CH08-24

34.7

38.0

3.3

4.29

28.0

1.20

Foot Wall Vein

 

41.0

46.0

5.0

0.63

12.0

0.8

Foot Wall Breccia

 

 

 

 

 

 

 

 

CH08-26

61.0

99.0

38.0

4.32

7.6

0.4

Sulphide Zone

Includes

61.0

64.0

3.0

1.87

24.0

1.47

Foot Wall Vein

 

73.0

76.0

3.0

2.76

11.3

0.67

Foot Wall Breccia

 

86.0

98.0

12.0

13.32

11.4

0.64

Center Vein

 

86.0

89.0

3.0

31.67

16.7

0.79

 

 

107

145

38.0

1.28

8.8

0.52

 

Includes

109.0

113.0

4.0

4.53

16.5

0.80

Hanging Wall Vein

 

142.0

145.0

3.0

2.38

14

0.93

 

 

 

 

 

 

 

 

 

CH08-28

Zone displaced by faulting

 

 

 

 

 

 

 

 

 

 

CH08-63*

105.0

110.0

5.0

1.48

14.0

0.96

Sulphide Zone

Includes

108.0

110.0

2.0

2.6

14.0

0.71

Center Vein

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Section 11

 

 

 

 

 

 

CH08-32

Zone displaced by faulting

 

 

 

 

 

 

 

 

 

 

CH08-35*

76.0

83.0

7.0

2.5

16.3

0.89

Sulphide Zone

Includes

77.0

81.0

4.0

4.38

22.3

1.37

Foot Wall Vein

 

96.0

108.0

12.0

2.44

5.5

0.36

 

Includes

99.0

103.0

4.0

4.53

4.0

0.31

Center Vein

 

135.0

160.0

25.0

0.37

8.8

1.89

 

Includes

141.0

150.0

9.0

0.23

15.2

3.11

Hanging Wall Vein

 

182.0

185.0

3.0

0.48

15.7

1.17

 

 

 

 

 

 

 

 

 

CH08-61*

83.0

89.0

6.0

1.67

7.0

0.28

Sulphide Zone

Includes

87.0

89.0

2.0

2.89

6.0

0.31

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-62*

103.0

110.0

7.0

1.45

26.0

2.08

Hanging Wall Vein

 

 

 

 

 

 

 

 

Section 12

 

 

 

 

 

 

 

CH08-38*

70.0

83.0

13.0

0.36

3.6

0.20

Sulphide Zone

Includes

79.0

83.0

4.0

0.39

5.5

0.59

Center Vein

 

 

 

 

 

 

 

 
                 

 

Chépica 2 Vein System

Hole #

From(m)

To(m)

Interval

Au g/t

Ag g/t

Cu%

Comments

Section 1

 

 

 

 

 

 

CH08-47*

30.0

39.0

9.0

1.81

30.0

3.32

Sulphide Zone

includes

31.0

33.0

2.0

2.22

45.0

3.97

Foot Wall Vein

includes

36.0

39.0

3.0

0.86

49.0

6.40

Center Vein

 

 

 

 

 

 

 

 

CH08-48*

39.0

41.0

2.0

0.3

33.0

1.7

Center Vein

 

 

 

 

 

 

 

 

CH08-49*

No significant values

 

 

 

 

Low sulphides

 

 

 

 

 

 

 

 

Section 2

 

 

 

 

 

 

 

CH08-44*

No significant values

 

 

 

 

Low sulphides

 

 

 

 

 

 

 

 

CH08-46*

No significant values

 

 

 

 

Veins faulted out

 

 

 

 

 

 

 

 

Section 3

 

 

 

 

 

 

CH08-39*

46.0

49.0

3.0

0.13

3.0

0.82

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-40*

No significant values

 

 

 

 

Low sulphides

 

 

 

 

 

 

 

 

Section 4

 

 

 

 

 

 

CH08-42*

43.0

44.5

1.5

0.164

5.0

0.80

Center Vein

 

 

 

 

 

 

 

 

CH08-43*

58.0

60.0

2.0

4.96

4.0

1.17

Center Vein

 

89.0

92.3

3.3

0.14

18.0

4.88

Foot Wall Vein

 

 

 

 

 

 

 

 

CH08-45*

43.1

44.1

1.0

0.122

6.0

0.55

Center Vein

 

 

 

 

 

 

 

 

Section 5

 

 

 

 

 

 

CH08-30*

47.0

53.0

6.0

1.2

19.0

1.00

Center Vein

 

 

 

 

 

 

 

 

CH08-31*

61.0

62.5

1.5

0.43

18.0

1.63

Hanging Wall Vein

 

65.0

66.5

1.5

0.38

7.0

2.75

Center Vein

 

 

 

 

 

 

 

 

CH08-37*

19.4

22.0

2.6

1.55

22.0

0.05

Hanging Wall Vein

 

 

 

 

 

 

 

 

Section 6

 

 

 

 

 

 

CH08-33*

51.0

52.5

1.5

0.51

12

0.73