Stellar Project

Stellar Copper-Gold Project – 100% Owned

The Stellar Project (100% owned) comprises 182 contiguous State Mining Claims and is located immediately adjacent to the Company’s existing Caribou Dome Copper Project. The claims cover a total area of 11,784 hectares.

Ownership

For information on ownership and diagram please refer to our ownership page

History

The Zackly area was explored from 1981 to 1994 by several companies. Programs included surface sampling, trenching, geophysics and both core and reverse circulation drilling totalling approximately 12,000m in approximately 85 holes. Three historical estimates (1982, 1987 and 1993) have been completed for the Zackly ‘Main Skarn’ zone, one of the three known mineralised skarn zones located along the Zackly skarn trend.

Historical conventional soil sampling over the Zackly prospect area defined multiple, large, highly anomalous Cu-Au zones currently untested by drilling. Aeromagnetic anomalies encompassing Zackly extend both northwest and southeast of the project, potentially reflecting extension of surface mineralisation.

More Recent Exploration

Since 2010, Millrock Resources Inc collected approximately 950 soil and 760 rock samples for assay and/or spectral analysis, as well as 99 stream sediment samples throughout the project area. A new EM/magnetic/radiometric survey was also conducted over the property in 2013.  The work resulted in the definition of at least seven additional copper and/or gold prospects and anomalies.

The Mars Prospect

Is located 6.4km west of Zackly. The prospect consists of altered gabbro/dolerite intruding volcanics with lesser sedimentary rocks, locally containing gossan exposures. The altered zones commonly contain variable copper mineralisation. Soil sampling across the prospect defined a +420 ppm copper anomalous zone measuring approximately 950m x 1.7 km. Rock samples of altered volcanic rock returned assays as high as 7.4% Cu. Anomalous gold-in-soil values are common within the area of the +420 ppm Cu anomaly, including multiple samples assaying +0.100 ppm Au. Assays as high as 1.78 ppm Au have been returned from rock samples here.

The Jupiter Prospect

Is hosted in altered volcanic rocks near a contact with dioritic intrusive rocks. The prospect, which is located approximately 1.8km north of the main Zackly skarn, is characterized by east and northerly-trending, altered, Cu/Au-bearing fracture/vein zones. Soil sampling has defined a +420 ppm copper anomaly measuring approximately 800m x 1.9km. Anomalous gold-in-soil values are commonly associated with elevated copper values with assays up to 0.330 ppm Au.

The Gemini Prospect

Located approximately 5.2km north of Zackly, appears to be hosted primarily within volcanic rocks. This newly discovered prospect was defined in August of 2013, the result of a wide-spaced, property-wide soil sampling program. The Gemini +420 ppm copper-in-soil anomaly, while variable in outline, averages approximately 1.0 km x 1.6 km. Anomalous old-in-soil results tend to occur coincident with elevated copper values with gold assays typically ranging from 0.150 – 0.250 ppm Au.

The Moonwalk Prospect

Located approximately 11.5km north of Zackly, is a gold prospect consisting of altered granodiorite intruding mainly black shale. The intrusive rock and surrounding sediments are commonly altered with local zones of stockwork quartz-sulphide veining. Nineteen soil samples collected from the main altered zone average 1.15 g/t Au over a 400 m by 700 m area. Chip samples of vein material returned assays up to 30 g/t Au. In addition, a stream sediment sample approximately 2 km downstream from this area assayed 0.24 g/t Au and was accompanied by an outcrop sample of what appears to be altered and veined sandstone that assayed 23.0 g/t Au.

Current Exploration Program – Zackly

A major exploration program has commenced in 2017, in which the Zackly high-grade copper-gold skarn will be re-drilled so that the historic resource can be reclassificed under the JORC (2012) standard, and to test for along-strike extensions of the known mineralisation.

Induced polarisation (IP) surveys have recently been completed at Zackly and this data is being used to assist in planning drill holes to test the eastern and western extensions of the Main Skarn.

Resource delineation drilling at Zackly began at the end of August 2017.  One diamond drill rig will drill to evaluate potential eastern and western extensions of known mineralisation, as indicated by IP surveys. Up to 12 holes, for a total of 1,400m, are expected to be drilled to test these potential extensions. The second rig will drill cored holes to twin/infill approximately 12 of the historical holes drilled in the deposit 1981/82 and 1993/94. This should verify previous drilling results and allow a revised resource estimate to JORC 2012 standard.  This core will also provide material to use in preliminary metallurgical test work to provide processing options for copper and gold. In total, the Company expects to drill approximately 3,000m of core in 25 holes.

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