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Guardian gratefully acknowledges that the project received significant funding from the Yukon Mineral Exploration Program (YMEP), provided by the
Mineralized Settings
Mineralization at
The
Property Geology
The Mount Cameron Property is underlain primarily by an aerially extensive assemblage of
Stratigraphy of the Mount Cameron Property area has undergone NNE-directed faulting determined from historic detailed mapping of the Cameron Prospect area. At the Cameron Prospect, a zone of intense polymetallic brecciation occurs along a NNE trending fault zone within the upper
Satellite photo interpretation reveals several other north-south to NNE-SSW trending features at the
Table 1: Significant Intercepts, 1974 drilling, Cameron prospect*
DDH ID | Easting | Northing | From | To | Width (m) | Zn (%) | Pb (%) | Ag (g/t) | ||
Hole 74-1 | 499404 | 7107042 | 32.61 | 39.62 | 7.01 | 7.20 | 0.23 | 38.4 | ||
Hole 74-2 | 499392 | 7107010 | 31.7 | 45.72 | 14.02 | 8.40 | 0.09 | 9.9 | ||
Hole 74-3 | 499429 | 7106938 | 37.49 | 48.77 | 11.28 | 4.60 | 3.50 | 120 | ||
Hole 74-4 | 499420 | 7107048 | 20.12 | 33.53 | 13.41 | 20.40 | 0.57 | 36.3 | ||
Hole 74-5 | 499472 | 7107065 | 14.94 | 21.03 | 6.10 | 26.50 | 5.78 | 287.3 | ||
Hole 74-6 | 499497 | 7107142 | 29.26 | 30.18 | 0.91 | 7.68 | 0.08 | 4.1 |
Local historic rock sampling in the area returned several high-grade values, with up to 26.4% Zn, 0.134% Pb, 8.47 g/t Ag and 239 ppb (0.239 g/t) gold (Au) from “greenstone” and tuff, respectively. A float grab sample of “weakly altered greenstone” returned 1.3 g/t Au, 3.39 g/t Ag, 212 ppm antimony (Sb) and >10,000 ppm (1.0%) arsenic (As)*.
2021 Highlights
The 2021 work program, which commenced in August, had several objectives: to conduct due-diligence style grid soil geochemical sampling across the northwestern Pb-Zn anomalies identified in 1970*; to visit and conduct due-diligence soil sampling across the Cameron prospect; and to perform stream silt geochemical sampling across the three main drainages across the property. The program included collection of 169 grid soil samples, 16 reconnaissance soil samples, and 41 silt samples. Also, 9 rock grab samples from prospective sites or of potential mineralization were taken.
In 2021, a single due diligence-style soil geochemical survey line across the Cameron prospect returned moderately elevated Zn and Pb values (Figures 2 and 3), with weakly elevated Ag and Cu values (Figures 4 and 5). Silt sampling, extending along a stream directly to the west, returned strongly anomalous Zn, Pb and Ag values, and moderately elevated Cu values, for much of its downstream extent. High Zn, Ag, Cu and Pb values commence roughly 200 metres upstream of the Cameron showing, indicating bedrock-hosted mineralization occurs in this area. This is interpreted as signifying the southern extension of the Cameron showing. The results also indicate the efficacy of soil and silt geochemical sampling within the
A second significant Ag-Cu-Zn geochemical anomaly was identified along the upper extent of a separate east-flowing drainage about 1.25 km southeast of the Cameron showing. Strongly anomalous Cu-Zn-Ag values were returned from a short soil sampling traverse extending from the east side of a plateau to the stream headwaters, and from the upper stream course. Values for Zn remain elevated throughout the sampled extent, and include a very high value directly upstream of a confluence in the extreme southeast property area. The mineralogy differs somewhat from the Cameron prospect area, indicatedby near-background Pb values. This indicates the bedrock source differs from the Cameron prospect, and may represent a subset of the polymetallic setting model.
Results from the northwestern soil grid revealed Pb-Zn anomalies of similar tenor to the 1970 survey values. The 2021 survey returned five consecutive anomalous Zn ± Pb ± Ag values along a 250-metre portion of one NNW soil line, indicating a potentially sizable target. Numerous other anomalous Zn ± Pb ± Cu values were returned from this area, indicating potential for several mineralized prospects. The 2021 results confirm the results of earlier workers. The similar stratigraphic and lithological settings to that of the nearby Clark prospect indicate these anomalies may represent manto-style mineralization, rather than polymetallic veins.
“I took the opportunity to join the field crew on site this summer,” says
Sampling Protocol
All rock, soil and silt samples were labelled, including a sample tag with a unique Sample ID number, and sealed on site with a cable tie to ensure sample quality. Samples were organized in
An early shipment, comprising 3 rock, 16 soil and 29 silt samples, was submitted to the
The remaining samples were submitted as a single shipment of 6 rock, 12 silt and 169 soil samples to the
This News Release was prepared by Guardian in cooperation with
*This information is historic in nature and is based on sampling and drilling results reported in 1970 and 1971 by
About
Guardian is a TSX-V listed company (GX) engaged in oil and gas exploration, as well as mineral exploration and development. Guardian’s first prospect is the Mount Cameron Property located in the Yukon’s
FOR FURTHER INFORMATION, PLEASE CONTACT:
President and CEO
(403) 730-6333
Neither the
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the commencement, timing and scope of the work program outlined above and that it will be conducted as expected. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include but are not limited to: operational matters, historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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Figure 1: Geology map,
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Figure 2: Zinc (Zn) assay ranges, 2021 Program
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Figure 3: Lead (Pb) assay ranges, 2021 program
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Figure 4:
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Figure 5: Copper (Cu) assay ranges, 2021 program
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