The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Group Ten Metals Inc. Feb. 29 reported completion of an exploration and staking program on its Spy mineral property in southwestern Yukon Territory.
Situated in the Kluane Ultramafic Belt, a sequence of igneous and sedimentary rocks extending from northern British Columbia through the Yukon into southern Alaska, the Spy property is prospective for copper and nickel sulfide mineralization as well as platinum group metals.
Based on the results of the exploration program, the project has been expanded from 1,250 hectares (3,090 acres) to 3,135 hectares (7,750 acres).
PGE-nickel-copper mineralization at Spy occurs within and along the base of a sill where it intrudes the Hasen Creek siltstone.
Mineralization along the contact varies from disseminated to massive sulfide lenses, with historic grab samples assaying as high as 75.8 grams per metric ton platinum, 7.9 g/t palladium, seven g/t gold, 2.6 percent nickel and 10.45 percent copper.
Group Ten said sampling, prospecting, mapping and geophysical re-interpretation of airborne geophysical data on the property were partially funded by the Yukon Mining Exploration Program.
This work delineated the potential for a significant strike extension of mineralization both to the southwest and to the northeast.
As a result, Group Ten expanded the Spy project from 60 claims to 146 claims and now covers 11 kilometers (seven miles) of the prospective ultramafic Spy sill.
The new claims also include potentially mineralized country rock on the north side of the sill and underexplored areas of the Lewis and Bock's Brook ultramafic intrusions.
When the final assays are received from the sampling program, the results will be integrated with the geophysical reinterpretation to define targets for follow-up trenching and a possible initial program of drilling.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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