Kit
Overview
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Regional Exploration and ProductionThe Kit property contains a virtually continuous, 1.6 km long geochemical anomaly with highly anomalous, coincident lead, zinc and silver values. The anomaly is hosted by Middle Proterozoic dolomitic shale, siltstone and mudstone within the Coal Creek Inlier, a fault bounded Proteroic basin. These bounding faults also controlled the emplacement of numerous Proterozoic iron oxide+copper-gold (IOCG) deposits. The anomaly is well defined by previous work but it has never been drilled and the source remains untested.The age and style of the IOCG mineralization and nature of the Proterozoic sedimentary sequences in central Yukon have led the Geological Survey of Canada to speculate that the northeast Australia craton, specifically the Mount Isa-McArthur River belt, was located adjacent to North America during the Middle Proterozoic. | |||||||
Local ExplorationEarly stage, no production nearby | |||||||
Property GeologyThe Kit property is underlain by a thick package of shale belonging to the Mid-Proterozoic age, Fifteenmile Group. These rocks are extensively intruded by diorite sills and dykes that are also thought to be Mid-Proterozoic age. The area has undergone recent alpine glaciation and is characterized by moderate to steep slopes flanking broad U-shaped valleys. 100% owned by ZN - access by helicopter. | |||||||
Work Completed to DateSoil geochemical sampling conducted by Strategic in 2006 and Hudson's Bay Exploration and Development Company Limited between 1974 and 1976 produced strongly anomalous lead (500 to 14,000 ppm) and zinc (1000 to 9200 ppm) values over an area that is 1700 m long and up to 1000 m wide. Only minor fracture filling galena and sphalerite have been discovered within the geochemically anomalous area, and this mineralization appears to be too sparse to adequately explain the high soil values.Exploration at the Kit property is modeled on mineralization at the Century Deposit in northern Australia, which is hosted by rocks of similar age and lithology to those at the Kit property. During Summer 2007, two diamond drill holes totaling 474 m were drilled to test the stratigraphic section underlying the soil geochemical anomalies. These drills yielded no satisfactory geological results. | |||||||
