The GJ copper-gold porphyry project is located in north-western British Columbia, Canada about 10 kilometres west of Highway 37. The Company has a 100% interest in the property.GJ is a copper-gold porphyry system with a NI 43-101 compliant measured and indicated resource, at a cut-off of 0.20% copper, of 153.3 million tonnes grading 0.321% copper and 0.369 g/t gold containing 1.09 billion pounds of copper and 1.82 million ounces of gold. There is an additional inferred resource, at a cut-off of 0.20% copper, of 23 million tonnes grading 0.26% copper and 0.31 g/t gold containing 132 million pounds of copper and 0.23 million ounces of gold.(See news release dated October 7, 2008)
43-101 Technical Report (11.6MB)
In August 2010 the Company entered into an Option Agreement with Teck Resources Limited whereby Teck is granted options to earn up to a 75% interest in the Company's 100% owned GJ copper-gold property. (See news release dated August 16, 2010)
Work completed during 2012 included 4,000 metres of diamond drilling in 8 holes, ground geophysics including magnetics and Induced Polarization (IP) and airborne (ZTEM) geophysical surveys, soil sampling and re-logging of historic drill core. The objectives of the program were to advance several outlying early stage target areas, and to re-log drill core from the Donnelly deposit.
Teck has cumulatively spent $9.1 million to December 31, 2012. Teck has advised the Company that it plans a 2013 exploration program expected to include geological mapping, surface geochemical sampling, relogging of existing drill core and 2-3 drill holes testing new targets near the Donnelly Zone. The Teck funded program started in early July.
Mr. Bob Carmichael, Bachelor of Applied Science (B.A.Sc) degree from UBC, and a registered Professional Engineer (P.Eng.) with the Association of Professional Engineers and Geoscientists of BC (APEGBC), is a qualified person as defined by National Instrument 43-101. Mr. Carmichael is Vice President, Exploration for the Corporation and has prepared or supervised the preparation of the information that forms the basis of this project summary or approved the written disclosure. For more information, see the individual technical reports and news releases available under the Corporation's profile at www.sedar.com and on the Corporation's website. In addition, further information on sampling and assay methods can be found in on the Corporation's website in the Qualified Person/Assay Methods link.