The road accessible Amarillo Project consists of ten claims covering 6,201 hectares and is strategically located in close proximity to copper producers in Canada’s most prolific copper belt. The past-producing Brenda Cu-Mo-Ag-Au porphyry mine that produced 278,000 tonnes of copper, 66,000 tonnes of molybdenum, 125 tonnes of silver and 2 tonnes of gold over a twenty-year mine life (source: Brenda Mines website; www.brendamines.ca) is located 10km to the north of Amarillo and Kodiak Copper Corp.’s MPD project is located 35km to the west.
The multi-element soil geochemical signature of the Amarillo project area is consistent with a large multi-phase mineralizing system and is acutely similar to some of the neighbouring world-class mining operations. Limited drilling has occurred at Amarillo with only eight drill holes totaling 2,416m being completed in 2018 and 2019. Results from the Trench target drilling were very encouraging and encountered mineralization and alteration that is indicative of an alkalic porphyry system. Three drill holes from the 2019 drill campaign were designed to follow-up on initial 2018 drill results that returned results that indicated they were within the peripheral zones of a larger mineralizing system. These three 2019 drill holes (AMAR19-006, AMAR19-007 and AMAR19-008) targeted a multi-tier 3D-IP, magnetic and geochemical target and all encountered extensive intervals of highly anomalous copper, zinc, molybdenum, silver and gold.
The most anomalous results and alteration profiles occur within 50m of surface. The copper mineralization encountered has a strong geochemical relationship to the gold and silver results, which suggests the system being targeted is comparable to the Copper Mountain deposit rather than the nearby Brenda deposit as previously thought.
Exploration has outlined a 4km long by 3km wide tungsten soil anomaly that is closely coincident with a magnetic high.
The North Copper target is 4km north of the Trench target drilling and is permitted for drilling. The target consists of distinct fracture veins hosted in altered granodiorite and bear magnetite, epidote and chalcopyrite. Two grab samples from sub crop returned 0.43% and 0.49% copper* (see Company news release dated January 8, 2019).
*Note: The grab samples reported are solely designed to show the presence or absence of mineralization. Grab samples are by definition selective, and not intended to provide nor should be construed as a representative indication of grade or mineralization at the Project.