Re: Big Sky, This makes sense
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posted on
Mar 29, 2012 10:49AM
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Below is an extract from the Tyhee website on the BigSky property. I wonder which target they will go for, the high grade shear zone which is certainly high grade but over short lengths in the 2008 drilling; or the bulk mining disseminated ore section.
Just by way of comparison with the value of the investment from Williams Creek, there are two 2% NSR's on the property, 50% of both of which can be bought out for $500,000, which places a notional value of $1 billion on the property (if this is a legitimate way of accounting for value, but just for an example).
"The BigSky Property covers two different geological targets, a bulk mineable peralkaline granite-hosted low-grade target, and a high-grade shear zone-hosted target similar to the Con, Negus, Rycon, and Giant Mine models.
The latter target has been the focus of much the recent work, including 36 diamond drill holes completed in 2008. Curvilinear domains of chlorite, sericite, carbonate schists (Yellowknife Shear Zones) transect Chan Formation volcanics of the Archean Kam Group and the underlying Central Slave Cover Group. The YKS are predominantly north-striking and subparallel a suite of early Achaean mafic dykes. The YKS are in places mineralized with quartz, sulphides plus or minus gold. There are four principal mineralized YKS on the Big Sky Property extending over 10,000 metres from south to north are:
Oro Lake Shear Zone
Historic drillholes include:
LM Shear Zone south
Recent drillholes (2008) include:
LM Shear Zone North
Recent drillholes (2008) include:
WK Shear Zone
Recent drillholes (2008) include:
http://www.tyhee.com/news/documents/0802BigSkyA.pdf
http://www.tyhee.com/news/documents/0804BigSky.pdf
http://www.tyhee.com/news/documents/0806aOroLake.pdf
http://www.tyhee.com/news/documents/080708Drill.pdf
The other target on the BigSky Property occurs as disseminated sulphide-rich alteration zones in the peralkaline Duckfish Granite. These patches are up to 1,000 m long and 100 m wide and contain discontinuous patches where the pink porphyritic granite is altered to a white phase with arsenopyrite plus fluorite zones that grade up to 2.2 gpt gold in grab samples."