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Location
The Logjam Property is located in south central Yukon, Canada in an area that contains numerous epithermal silver-rich vein and replacement style deposits. Access to the property is via an 18 kilometer all weather access road north of the Alaska Highway kilometer marker 1216 or 200 kilometers east southeast of Whitehorse.The property is comprised of 32 claims. The area, in which the property is situated, is underlain by a metamorphosed sedimentary sequence of the Devonian-Mississippian Age intruded by a northwesterly striking band of Diorite of the Jurassic-Cretaceous Age.
History
The first discovery of silver-bearing structures on the property was made in 1943 by the Hudson Bay Mining and Smelting Company. Over the following two years prospecting, geological mapping, trenching and 1,256.7 meters of diamond drilling in nine drill holes proceeded. The claims were allowed to lapse and the initial prospector of the find, Mr. W. McKinnon restaked the ground in 1958. Over the following twenty years several companies optioned the property and conducted onsite exploration developments that included a semi-permanent 20 man camp, 5150 level adit, 5600 level adit, additional surface and underground diamond drilling, and a lower elevation access road. A total of 694 meters of drifting and cross-cuts were completed and 795 meters of underground diamond drilling.Mineral Resources
Mineralization on the Logjam property consists of at least 10 northeasternly striking mineralized fracture zones rather than clear cut massive quartz veins as has been suggested in the past. The ten known silver-bearing structures strike northeasternly across a northwesternly trending elongate diorite intrusive that is about 450m in thickness. At least eight veins are partially exposed on a steep cliff. Six of the eight veins on the property have not yet been sampled underground in the favourable diorite. The underground development has indicated that the veins have steep dips and can be mined without timbering and with only minor dilution. It has also proven that the mineralization extends through a vertical range of almost 250m with no significant change in mineralogy or grade. Two of these veins (5 Vein and 6 Vein) have been explored underground where a number of mineralized sections were located across a thickness of 0.3 to 1.0m. The mineralized sections range from 12 to 35m in length and represent from 12 to 57 per cent of the total length of vein drifted in each heading within the favourable diorite. This deposit has the advantages of excellent ground conditions and topographic relief for underground mining, and a favourable location close to the Alaska Highway. Adit development is feasible for at least another 200m vertically lower than the 5150 level.*Cautionary Note: An Independent Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the historical estimate should not be relied upon. Furthermore, the Company is not treating the historical estimate as current mineral resources or mineral reserves as defined in sections 1.2 and 1.3 of NI-43-101 and should not be relied upon.
Future Plans
Future plans for the Logjam property is to develop and implement an exploration strategy to delineate resources for a NI43-101 resource assessment and an increase understanding of the geological structure to assist in developing a mining approach.
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