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Colorado Resources Starts LiDAR Survey at the KSP Property in the Golden Triangle in BC

Mining News - Published on Fri, 18 Sep 2020

Image Source: Colorado Resources LiDAR Survey KSP Property
Colorado Resources Ltd announced that a Light Detection and Ranging survey has commenced on its 100% owned 312 square-kilometre KSP property located within the prolific Bronson/Sulphurets district in the heart of British Columbia’s Golden Triangle. Colorado Resources President Tony Barresi said “The KSP property is one of Colorado’s most exciting assets, located in one of Canada’s premier mineral districts, British Columbia’s Golden Triangle. This once remote property is now easily accessible via the McLymont Creek access road, which crosses the northern portion of the property, allowing Colorado to conduct cost-effective exploration programs. We are at the early stages of planning an aggressive drill campaign for KSP in 2021 and the current LiDAR survey is critical to deciphering the structural controls for the mineralization that we will be testing. The survey is in-line with our objective of enhancing shareholder value through methodical and staged exploration of our large property portfolio.”

The LiDAR survey is being conducted by McElhanney Ltd. and will provide high-resolution (six points per square metre) topographic data as well as an orthophoto with 20-centimetre pixel resolution. Products of the survey include

High resolution “bare-earth” hillshade image/data that can be used to accurately identify and classify structural lineaments that would have otherwise been obscured by thick vegetation.

High resolution digital elevation model that may be used for future mineral resource estimates

High resolution orthophoto that can be used to evaluate glacial retreat and identify new rock outcroppings

Highly accurate contour maps and orthophoto that increase efficiency and safety for future drill programs and geological and geophysical work

Colorado’s 100% owned, 312 km2 KSP property in British Columbia’s Golden Triangle is strategically situated between the past producing Snip and Johnny Mountain gold mines to the northwest and the past producing Eskay Creek gold-silver mine and the Kerr, Sulphurets, Mitchell and Iron Cap copper-gold deposits to the east. Colorado’s KSP property can be accessed via the new McLymont Creek access road, which crosses the northern portion of the property. KSP hosts dozens of mineral occurrences that have seen variable amounts of exploration. Most historical exploration focused on high-grade gold potential, resulting in the discovery of the Inel showing, which has yielded numerous high-grade drill intersections including 41.04 grams per tonne gold over 7.50 metres in hole DDHU171 and 1,670.51 g/t Au over 1.40 m in hole INDDH17-081.

In addition to Inel, Colorado is prioritizing four under-explored porphyry copper-gold targets on the KSP property. Among these is the Pins Bowl porphyry target, which was discovered in 2015 and has only been tested with one shallow drill hole (PNDDH18-140). At Pins Bowl, porphyry copper-gold style mineralization has been sampled over at least 1.2 km and chip samples from outcrops containing quartz-magnetite-chalcopyrite stockwork veining yielded 0.93% copper (“Cu”) and 0.28 g/t Au over 1 m (sample CHPins-04), and 0.45% Cu and 0.18 g/t Au over 6 m (sample CHPins-01). Grab samples have yielded up to 2.44% Cu and 4.85 g/t Au. The current LiDAR survey will provide new data that are critical to understanding structural controls on mineralization at Inel, Pins Bowl and the numerous other showings on the property, and may help to identify newly exposed, potentially mineralized rock where glaciers have receded.

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Posted By : Yogender Pancholi on Fri, 18 Sep 2020
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