Jeep Visit with Tom Lewis
posted on
Oct 31, 2009 01:36PM
The company is now known as FUSE Cobalt.
I will break my report into several pieces rather than trying to write it all at one time.
First, my overall impression of the latest member of the Wildcat team, Tom Lewis, was very positive. When I heard I would be traveling with the new VP, I wondered what kind of person this would be. I was immediately comfortable with him. He is a family man, moving to Winnipeg from Saskatoon and has grown kids, so I would estimate his age as somewhere in the 50's. He has extensive experience, having working with some major companies at places across Canada, including the arctic. [Here is the excerpt from the recent news release: Tom has extensive experience in exploration for gold and base metals across Canada with small and large companies. His career spans over 30 years to date, including Canadian Exploration Manager and Safety Coordinator with Anglo American plc, Chief Exploration Geologist with Hudson Bay Mining and Smelting., Project Manager on the Musselwhite Project with Placer Dome Inc., and most recently Regional Operations Manager with CanAlaska Uranium Ltd. Tom is a graduate of Queen’s University where he received a Bachelor of Applied Science in Geology (Geological Engineering)].
CEO John Knowles knew Tom from his earlier days at HubBay, and Tom' son (who is also a geologist) worked with Wildcat last summer (2008). When paths cross, sometimes good things happen, and I believe that is the case here.
Different people have different perspectives, and that is also true of geologists. Peter Theyer, for example brings years of Manitoba experience to the company and looks at the rocks a certain way. Julia and Ryus bring a younger outlook, and are especially more comfortable with use of computer technology to map and analyze the field data. Tom Lewis is also a geologist, but brings a more economic perspective to the team. His job is to weigh the data and to help determine whether there is economic viability in what is found. This will also shape where the exploration budget is focused, and I believe this will help the company's value to grow in a quicker, more focused way. With respect to the Jeep property, there is no doubt that there is gold there - there are indications everywhere, but is it concentrated enough to be developed economically?
On the trip up, Tom and I were discussing a number of different things related to Bissett area geology. In looking what we have at Jeep in comparison to what has been happening at San Gold, Tom showed me a top-down diagram of all the gold-bearing veins at San Gold. Looking at it, you can see distinct parallel lines -- some trending WNW to ESE, as well as other parallel lines crossing over in a SW-NE orientation. This pattern is very revealing -- something has happened to the rocks in the past that left this pattern. Bill Fereira, San Gold's geologist, has developed a new geological model based on this structural analysis and it is now being successfully pursued in the Hinge Zone exploration. Tom Lewis is also looking for structural indicators on the Wildcat properties. In doing so, one looks for clues or indicators that might give an understanding of whatever patterns there might be in the rock formations. Some indicators are:
a. Look for breaks, fault lines, intersections of rock types indicating where liquid rock may have found it's way up to near-surface; look for places where the gold being carried in the liquid may have gotten trapped, e.g. pockets, side cracks running off the main fault line.
b. Look for geochemical indicators that often are associated with gold. For example, gold is often found where there are quartz zones or sulphides. Pyrites are a type of sulphide.
c. Look for alterations in the rocks - alterations indicate areas of change, and are often associated with gold.
d. Looks for evidences of rock folding - these folds came about due to shifts in the rock formation and the folds created pockets where gold could get trapped.
The idea is that the Bissett area rocks came under pressure at some time in the past and there was compression, splitting of rocks, formation of breaks/faults, slippage, etc. When this happened, there was an opprtunity for liquid rock to move up from the earth's mantle and to flow through these cracks and openings. Gold was carried in the liquid as one of its elements. Gold, having a heavier density, would have dropped out in places where there were pockets, folds, and in fizzures/cracks running off of the main liquid flow. Then, everything cooled and hardened, and now we are coming and finding the evidence of this type of geological activity.
As we walked across the different exposed rock areas this week, it was very easy to see the places where there had been breaks, where there are parallel lines of different rock contained in the main rock body, and places were there are rock trends/lines flowing through an area, coming from different angles and crossing over each other. All of these variations/anomalies show that alterations have occurred at some time in the past, and are good places to explore for mineralization.
We looked at four places where Wildcat has been exploring these things over the summer, and I have posted photos of them in the photo section (link at left). If you look closely at the pictures, you will see the breaks/lines/changes I have referred to.
Another thing Tom showed me was a magnetic survey map of the Jeep property; magntic surveys show patterns based on the varying response from the rocks to a magnetic signal; dark pink areas are usually signs of mineralization (could be iron based, could be gold or other metals). There is an example of a mag survey in the map section of the Wildcat website: http://www.wildcat.ca/openwindow.php?PATH=upload/map/large/12.jpg Tom had a copy of a magnetic survey that covered a larger area of the Jeep property, and perhaps done a little differently, but there was an interesting series of lines to the NW of the Jeep mine that will require further looking into. It suggests that there are parallel lines of mineralization (orientation basically WSW to ENE) over an area. Speculation is that there has been compression of the rock in the past, with possible folding and where this has occurred, likely there were breaks and an opportunity for liquid mantle to flow up and deposit gold. We are not sure that is the case yet, but it is an interesting "hinge zone type theory" to explore.
As you can tell, the discussions with Tom were fascinating, and as he gets established and starts putting together all of the Bissett area/Jeep specific inforamation, I think he will be able to give some good direction and focus to the whole exploration process.
NL (more to follow)