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Message: Re: Big Sky, This makes sense
4
Mar 29, 2012 10:33AM
3
Mar 29, 2012 10:48AM

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:

      • 208.1 gpt gold over 0.6 m (ddh 19)
      • 27.8 gpt gold over 1.8 m (ddh 23)
      • 9.9 gpt gold over 0.8 m (ddh 52)

LM Shear Zone south
Recent drillholes (2008) include:

      • 1.5 m grading 4.82 gpt gold included in 3.0 m grading 3.21 gpt gold (B002)

LM Shear Zone North
Recent drillholes (2008) include:

      • 8.69 gpt gold over 0.7 m included in 2.2 m grading 3.46 gpt gold (B004)

WK Shear Zone
Recent drillholes (2008) include:

            • 5.87 gpt gold over 1.2 m (B005)
            • 2.09 gpt gold over 3.3 m including 4.78 gpt gold over 1.3 m (B008)
            • 5.57 gpt gold over 2.9 m (B025)

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."

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