Vancouver, British Columbia – April 22, 2022 (Newsfile Corp.) (Investorideas.com Newswire) ArcWest Exploration Inc. (TSXV: AWX) (“ArcWest”) is happy to offer an replace for associate funded exploration of its wholly owned Oxide Peak copper-gold (“Cu-Au”) mission, located in British Columbia’s Toodoggone District, northern B.C. The mission is being superior by associate TDG Gold (see ArcWest news release December 23, 2019). The Toodoggone district (“the District”) hosts in depth Early Jurassic porphyry Cu-Au and epithermal gold-silver (Au-Ag) mineralization together with a number of previous producing Au-Ag mines (Baker, Legal professionals, Shasta) and the Kemess Au-Cu porphyry deposits (Centerra Gold). The southern half of the Oxide Peak mission adjoins Benchmark Steel’s Legal professionals mission, which lately acquired an funding by Yamana Gold. Historic manufacturing within the District exceeds 3.2 million ounces of gold and 360,000 tonnes of copper.
An up to date model of the Oxide Peak technical presentation is accessible for obtain here.
Highlights
- 2022 associate funded exploration at Oxide Peak will embrace a primary section drill check of the Oxide Peak porphyry Cu-Au goal
- The Oxide Peak porphyry Cu-Au goal is totally untested by drilling. It contains a big coincident geophysical and geochemical anomaly together with widespread outcrops of predominantly quartz-sericite-pyrite/chlorite-epidote-pyrite altered and variably Cu-Au mineralized porphyritic intrusions and related breccias with excessive pyrite to chalcopyrite ratios. Native superior argillic alteration and related excessive sulfidation-like Cu-Au mineralization can also be current, suggesting the presence of a shallowly eroded porphyry Cu-Au system. Chlorite-epidote-pyrite altered Cu-Au mineralized breccias in Oxide Creek comprise relict potassic alteration and related quartz-magnetite-chalcopyrite veins, suggesting potential for porphyry Cu-Au mineralization at shallow depths within the goal space
- A number of, further Cu-Au exploration targets exist all through the property, all of that are untested by diamond drilling. These embrace massive, variably Cu-Au mineralized gossans on the Gordonia, Falcon and Saunders Creek targets, the place seize samples have returned assays as much as 46.1 g/t Au. Stream sediment samples collected from the Saunders goal space have returned assays in extra of 10,000 ppb Au. This gold anomaly has but to be traced to supply.
TDG is operator for exploration at Oxide Peak and is accountable for the design and implementation of exploration applications on the property.
Tyler Ruks, President and CEO of ArcWest, commented, “ArcWest thanks our associate TDG Gold for advancing our Oxide Peak mission. Our wholly owned Oxide Peak property comprises a number of thrilling targets for porphyry copper-gold programs, and we’re eagerly anticipating TDG’s first section drill check of the Oxide Peak goal this summer season.
“As well as, ArcWest is lucky to have acquired expressions of curiosity in our Todd Creek copper-gold mission from a number of mining corporations. Our wholly owned Todd Creek property is contiguous with Newcrest’s Brucejack mine property, which it lately acquired from Pretium in a $3.5 billion transaction. Though a deal for Todd Creek shouldn’t be assured, we’re optimistic that we will safe a associate with a purpose to advance the mission in 2022 and past. Todd Creek is host to one of many largest underexplored porphyry copper-gold programs within the Golden Triangle, and is located in shut proximity to one of many world’s largest endowments of base and valuable metals, together with the KSM-Iron Cap porphyry copper-gold deposits (Seabridge Gold), Tudor Gold’s Treaty Creek gold-silver deposit, and Newcrest’s lately acquired Brucejack excessive grade gold-silver mine. We’re wanting ahead to an thrilling 2022 exploration season, with associate funded drilling deliberate for a number of ArcWest copper-gold initiatives.”
In 2020, an intensive program of geological and alteration mapping, rock and soil sampling, and geophysics (airborne magnetic and induced polarization [IP] surveys) outlined a porphyry copper-gold goal within the northwestern a part of the Oxide Peak mission (McBride, 2021). On the Oxide Peak porphyry Cu-Au goal, a multiphase intrusion cores an intensive zone of quartz-sericite-pyrite (QSP) and superior argillic alteration surrounded by sericite-chlorite and propylitic alteration. The 2020 IP survey outlined a 1.5 by 0.6 kilometer chargeability excessive which overlaps the QSP alteration at its north finish.
Geochemical surveys at Oxide Peak, together with 380 soils and 65 rock samples, delineated a major multi-element soil anomaly: as much as 728 ppb gold (vary <0.5-728), 1212 ppm copper (1.5-1212), 81 ppm molybdenum (0.4-81), 1828 ppm lead (4.5-1828), 2806 ppm zinc (27-2806), 7.6 ppm silver (<0.1-7.6), 217 ppm arsenic (0.5-217), 15 ppm bismuth (<0.1-15) and 20.8 ppm tellurium (<0.2-20.8). Gold-arsenic-tellurium is anomalous at larger elevations, with copper-molybdenum usually decrease, reflecting a vertical transition from epithermal to porphyry environments.
At decrease elevations alongside the northern periphery of the soil anomaly, copper values over 0.1% happen in a number of seize samples (outcrops) over 200 meters in Oxide Creek. Chalcopyrite mineralization is related to multistage quartz-sulfide veining and relict Okay-feldspar-biotite-magnetite alteration hosted in variably brecciated, porphyritic monzodioritic intrusions. These outcrops are simply over 200 meters elevation under the strongest QSP and superior argillic alteration. Robust quartz-sericite-pyrite to sericite-chlorite-pyrite alteration overprints potassic alteration on this zone. This, mixed with the presence of excessive pyrite to chalcopyrite ratios, suggests potential for elevated copper-gold grades with depth and laterally because the system transitions to potassic dominant alteration.
The Oxide Peak porphyry copper-gold goal has but to bear drill testing. A primary section drill check of the Oxide Peak porphyry Cu-Au goal by associate TDG Gold is deliberate for 2022. Different early stage targets on the Oxide Peak mission embrace the Falcon porphyry copper-gold goal in addition to a number of grassroots excessive grade gold-copper targets with gold values in seize samples as much as 46.1 grams per tonne (see Oxide Peak presentation on ArcWest’s website online for particulars).
In December of 2021, TDG Gold drilled two holes for a complete of 1,029 m within the Drybrough goal, which is located roughly 3.5 kilometers north of a completely winterized camp at TDG’s previous producing Baker gold mine, and roughly 7 km southeast of Benchmark Metals’ Legal professionals mission. ArcWest has but to evaluation drill core and knowledge from the Drybrough drill program. The next outcomes are summarized from TDG’s April 13, 2022 press release.
The Drybrough drill program focused a magnetic excessive about 1.0 kilometer throughout, which is flanked by extremely gossanous volcanic rocks initially mapped by Dupont Canada within the Nineteen Eighties. Drilling encountered predominantly quartz-chlorite altered volcanic rocks with native zones of hematite and potassic alteration. Anomalous silver (Ag) was encountered in each holes.
High quality Assurance and High quality Management
Historic assays and different outcomes haven’t been verified by ArcWest however are from credible and publicly accessible sources. Soil and rock samples from 2020 exploration program have been taken based on business normal procedures. Seize samples shouldn’t be assumed to be consultant of the grade of any bigger quantity of rock. Samples have been delivered instantly from northern BC to the Bureau Veritas (BV) laboratory in Vancouver, B.C. by way of Bandstra Transportation Techniques. Soil and silt samples have been ready for evaluation based on BV technique SS230: every pattern was dried at 60 levels Celsius and sieved to 63 microns (230 mesh) to gather 100 grams of fabric. Gold was examined by fireplace assay with atomic absorption end on a 30-gram nominal pattern (technique FA430). A further 36 parts have been examined by ICP-ES/MS utilizing an Aqua-Regia digestion (technique AQ202). Rock samples have been ready for evaluation based on BV technique PRP80-230: every pattern was crushed, break up and 250 grams pulverized to 200 mesh. Analyses have been carried out as for the soil samples. High quality assurance and management is maintained on the lab by means of rigorous use of inside reference supplies, blanks, and duplicates. The 11.9 line-kilometer, 2020 pole-dipole Induced Polarization/Resistivity survey was carried out on the Oxide Peak Property by Peter E. Walcott & Associates Restricted. A 931 line-kilometer, 100 meter line-spaced, helicopter-borne geophysical survey was flown over the Oxide Peak Property in 2020 by Precision GeoSurveys Inc.
References
McBride, S. (2021). Geological, geochemical and geophysical examine of the Oxide Peak Property B.C. Ministry of Vitality, Mines and Petroleum Assets Evaluation Report 39431.
About ArcWest Exploration Inc.
ArcWest Exploration is a mission generator centered on porphyry copper-gold exploration alternatives all through western North America. The corporate is in possession of eight 100% owned copper-gold initiatives all through BC’s premier porphyry copper-gold districts. These embrace ArcWest’s Todd Creek and Oweegee Dome initiatives, that are two of the biggest and most potential land positions for copper-gold exploration in BC’s prolific Golden Triangle. Oweegee Dome neighbours Seabridge Gold’s supergiant KSM-Iron Cap-Snowfield porphyry copper-gold deposit and Todd Creek adjoins Pretium’s Brucejack mine property. Newcrest Mining lately accomplished the acquisition of Pretium and its excessive grade Brucejack gold-silver mine in a transaction valued at $3.5 billion. Three ArcWest initiatives are presently being superior by companions by means of earn-in and three way partnership agreements; a number of ArcWest copper-gold initiatives are scheduled to bear associate funded drill testing in 2022. By conducting associate funded exploration on a number of exploration initiatives concurrently, ArcWest’s probabilities of discovery are enhanced whereas exposing shareholders to minimal dilution. The corporate is managed by an skilled technical group with a observe report of discovery and a status for attracting well-funded senior companions, together with Freeport McMoRan, Robert Friedland group corporations, ITOCHU, Antofagasta and Teck.
Certified Particular person
ArcWest’s disclosure of a technical or scientific nature on this information launch has been reviewed and permitted by John Bradford, PGeo, Technical Advisor, who serves as a Certified Particular person underneath the definition of Nationwide Instrument 43-101.
For additional data please contact: Tyler Ruks, President and CEO at +1 (604) 638 3695.
Buyers are cautioned that ArcWest Exploration Inc. has not verified the information from the Kemess, Baker-Shasta, Legal professionals, Brucejack, Treaty Creek and KSM-Iron Cap deposits. Additional, the presence and magnificence of mineralization on these properties shouldn’t be essentially indicative of comparable mineralization on the ArcWest Exploration Inc. property. Historic assays from exploration applications on its properties haven’t been verified by ArcWest however have been cited from sources believed to be dependable.
This information launch comprises statements about ArcWest’s expectations and are forward-looking in nature. Because of this, they’re topic to sure dangers and uncertainties. Though ArcWest believes that the expectations mirrored in these forward-looking statements are cheap, undue reliance shouldn’t be positioned on them as precise outcomes might differ materially from the forward-looking statements. The forward-looking statements contained on this information launch are made as of the date hereof, and ArcWest undertakes no obligation to replace publicly or revise any forward-looking statements or data, besides as required by legislation.
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