The review was completed by CMC's Project Geologist
The Silverknife Property is located immediately west of
Mr.
Mr.
Overall Potential
The overall exploration potential is considered to be high at the
As previously noted, the Silverknife property is located immediately adjacent to the west of the
Being proximal to a deposit like Silvertip is important as CRD deposits tend to form in clusters and along structural corridors with regional targets based on a 'hub and spoke' model. Silverknife is located along one of the potential 'spokes' or structural corridors. Other positive aspects of Silverknife include the presence of the host rock to Silvertip, the McDame limestone, found in outcrops in both the northernmost and southernmost portions of the Silverknife property, positive geochemistry, and a non-compliant historic resource with reported high grades in drill intersections at Silverknife Prospect.
Limited mapping and exploration activity of these areas has been conducted to date by previous explorationists and CMC. These areas all merit considerably more exploration. Required work will include, but may not be limited to, geochemical sampling, detailed geological/structural mapping, and ground geophysics. These techniques will serve to target possible faults which are prime areas for mineralization and/or the presence of sulfides with the expected result to be numerous drill targets.
Zones with Exploration Potential at Silverknife
CMC has highlighted four target zones on the property, all of which require considerable exploration to truly evaluate their potential. These are detailed in the following sections.
Tootsee North: Interest in this zone stems from: The defined presence of McDame Limestone in outcrops
A large coincident gravity-conductivity anomaly
Proximity to the Cassiar intrusive - a potential heat source to enhance the movement of mineralizing fluids into the overlying McDame limestone
Likely presence of faults which present possible conduits for fluid movements
Work required in this area includes the completion of road access, grid establishment and line cutting, Induced Polarization, VLF and possibly CSMAT geophysical studies, trenching (if possible), and geochemical sampling to pinpoint drill targets.
Significant and areally large silver, lead and zinc geochemical anomalies within incised valleys that to date have no identified source. Potential sources include possible mineralization upslope from the Tapioca sediments (primarily limestones and sandstones) or sources at depth (potentially the
These anomalies also demonstrated a possible zonational pattern which would be consistent with CRD mineralization
Proximity to the Cassiar intrusive - a potential heat source to enhance the movement of mineralizing fluids into the local sediments
Work in this area proposed will include detailed geological and structural mapping, and wherever possible IP, VLF and CSMAT geophysical surveys. The area is topographically challenging in the upper parts of the geochemical anomalous areas.
Silverknife South: Interest in this zone stems from: Complex fault structures with multiple orientations cutting through
Identified outcrops of McDame limestone
Hydrothermal and iron oxide alteration zones
Large dyke complex
Immediately north of Coeur's
This is one of the least known areas of the property to date. It requires detailed geological/structural mapping, geochemical sampling and possible IP, VLF and CSMAT geophysical surveys to pinpoint drill targets.
Silverknife Prospect: Interest in this zone stems from: Identified high grade silver-lead-zinc drill intersections in historical drilling
Evidence of faulting presenting possible conduits for mineralization, with recently defined fault structures from the 2023 drilling campaign
Known targets yet to be drilled as the 2023 drill program was limited to approximately 1,400 meters of drilling which is a small program
Geochemical anomalies
A conductivity anomaly identified from the airborne survey
Proximity to the Cassiar intrusive - a potential heat source to enhance the movement of mineralizing fluids into the local sediments
Drill modelling showing that further potential for expansion of a historical resource remains open along strike and at depth
Despite minimal success in the 2023 drilling in this area, only a small area of the Silverknife Prospect was covered and opportunities remain to expand non 43-101 compliant historical resources in this area. Further proposed work includes possible IP, VLF and CSMAT geophysical surveys to pinpoint drill targets.
The Future Outlook
Our hope is to make a significant discovery of a CRD/Skarn deposit at Silverknife in the near future. Our short-term plan is to secure a strategic partner for the project likely in an earn-in arrangement. With a discovery at Silverknife, or on one of other properties in the
This will enable CMC to also secure project investment which it will utilize on this project and also serve to advance the Amy and
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