Work History
Staked as Aztec cl 1-151 (Y37004) in 1969 by Trans Columbia Explorations Ltd, which conducted airborne mag and spectrometer surveys and grid soil geochemical surveys in 1970.
Restaked as Ana cl 1-56 (YA86735) in May/1985 by Nordac Mining Corporation. Shortly there after the company formed a joint venture with Permian Resources Ltd and carried out a small grid based geochemical survey later in the year. The joint venture agreement was allowed to lapse and in Jun/1986 Nordac carried out further grid based soil sampling.
Eastfield Resources Ltd optioned the Ana claims in Mar/1993 subject to a 5% net profits interest in favor of Pacific Sentinel Gold Corp (which acquired Nordac's interest through the purchase of the neighboring Casino property Minfile Occurrence #115J 028). Breckenridge Resources Ltd purchased a 20% interest in the Ana claims from Eastfield in Apr/93, with an option to acquire an additional 50% on completion of a 4 year exploration program. Eastfield Resources conducted a program of geological mapping, geochemical sampling and geophysical surveying (ground magnetometer and induced polarization surveys) and drilled six diamond drill holes totaling 800 m on the Ana claims in 1993.
Archer, Cathro & Associates (1981) Ltd. Staked the J cl 1-40 (YB46605) on the northern boundary of the Koffee and Anna claims in Jan/1994.
In Jun/1996 Eastfield consolidated the Ana and adjoining Koffee, Ice, Aztec and Maya claim blocks into the Canadian Creek property. Following consolidation Eastfield entered into an option agreement with Alexis Resources Ltd whereby Alexis was granted the right to earn an undivided 51% interest in the property by incurring $1,500,000 in expenditures, paying $250,000 in option payments and issuing 200,000 shares before Jun/2000. In 1996 Alexis completed geophysical and geochemical surveys and extensive excavator trenching on the Koffee and Ana claims.
In May/1997 Eastfield reorganized into two companies one of which is named Wildrose Resources Ltd. The Ana, Koffee, Maya, Aztec and Ice claims were transferred to Wildrose. In 1997 Wildrose and joint venture partner Alexis Resources conducted a program of road-building, drill-pad construction and prospecting on the Canadian Creek property. Breckenridge's working interest in the Ana claims has steadily declined.
In 1999 Wildrose reclaimed numerous road cuts, collected various rock and soil samples and retrieved and assayed various samples left behind in 1997 on the Ana claims.
In May/2000 Wildrose optioned 55 claims (Casino "B" claims) located to the east which adjoin the Ana claims from Great Basin Gold Ltd ( Pacific Sentinel Gold's new name). Wildrose also undertook responsibility to file assessment work on the remaining claims which cover the actual Casino deposit (Minfile Occurrence #115J 028). In 2000 Wildrose drilled 2 diamond drill holes (300.23 m) approximately 1.5 km east and southeast of the occurrence location. Although Wildrose returned to the Canadian Creek property in 2001 only cursory exploration work was carried out in the vicinity of this occurrence.
In Dec/2002 Wildrose optioned a 60% participating interest in its Canadian Creek property, including the Casino "B" claims, to Canley Developments Inc. In Jul/2003 Canley Developments changed its name to Sargold Resources Corporation and in Sep/2003 the company carried out a detailed soil sampling program over the central portion of the Casino "B" claims. In Feb/2004, Sargold terminated its option and returned the claims to Wildrose.
In Feb/2005 Wildrose optioned a 60% interest in the Canadian Creek property to Veraz Petroleum Ltd for cash, shares and certain work commitments. In the summer of 2006 the company extended the Casino B grid, carried out limited soil sampling and surveyed the location of all known drill holes and other notable features. In Oct/2006 Wildrose re-organized such that, Wildrose retained ownership of the Spanish Mountain gold project in British Columbia and transferred all their other exploration properties including Canadian Creek to a new company, Cariboo Rose Resources Ltd. Veraz Petroleum retained their option.
In Jul/2007 Veraz Petroleum funded a 5 hole (879 m) diamond drill program on the eastern end of the Casino B claims. In Feb/2008 Veraz Petroleum terminated its option and returned the property to Cariboo Rose. In 2008 Cariboo Rose carried out a remote sensing "Aster image" program of the entire property.
In Jun/2009 Cariboo Resources optioned a 60% interest in the Canadian Creek property to Alder Resources Ltd for cash, shares and certain work commitments. Alder Resources immediately staked Kana cl 1-35 (YC99879) and fractional claims 36-45 (YC99914) on the northern boundary of the Ana and Koffee claim blocks. The claims were registered to Eastfield Resources Ltd the underlying owner of the Canadian Creek property. During the summer of 2009 Alder enlarged the existing soil grid to cover the entire property and carried out infill soil sampling. In the fall of 2009 Alder drilled 10 diamond drill holes (1 425 m) on the property
Capsule Geology
The region around the occurrence largely escaped Pleistocene glaciation. The result is that there is less than 1% outcrop by area over much of the region and weathered rocks commonly extend to depths of greater than 75 m. Johnston (1995) used data acquired from an airborne multiparameter geophysical survey conducted in 1993 and 1994 to improve the existing geological knowledge of the region.
Johnston's work indicates that the area is underlain by Yukon Tanana Terrane rocks, consisting of Devonian to Mississippian metavolcanic and metaigneous rocks belonging to the Wolverine Creek Metamorphic Suite. The metamorphic rocks form a synform which is cored by intermediate rocks of the mid-Cretaceous Dawson Range batholith. The batholith consists of mafic, intermediate and felsic phases. The mafic and intermediate phases are sheet or sill-like bodies that are concordant with foliation in the `pendant' and in adjacent metamorphic wall rocks. The felsic phase forms discordant plugs that intrude the more mafic phases of the batholith and its wall rocks.
The Dawson Range batholith is in turn intruded by the Casino Plutonic Suite which is represented by fine- to medium-grained leucocratic granite, quartz monzonite and alaskite with associated aplite phases. The Casino Plutonic Suite is composed of stocks up to 18 km in diameter and is only exposed in the Colorado Creek (NTS 115 J/9) and Selwyn River (NTS 115 J/10) map areas. The Casino Plutonic Suite was originally thought to be Late Cretaceous (70 Ma) but work by Selby et al., (1999) indicates that although the Casino Plutonic Suite intrudes the Dawson Range Batholith, it's age is indistinguishable (104.2 +/- 0.5 Ma, U-Pb zircon). Late Cretaceous igneous activity produced a northwest-trending belt of small stocks, one of which, the Patton porphyry intrudes the Casino Plutonic Suite rocks, producing the copper-gold-molybdenum mineralization present at the neighboring Casino deposit (Minfile Occurrence #115J 028).
At the occurrence site a tourmalinized heterolithic breccia pipe belonging to the Casino Plutonic Suite has been intruded along the contact between Devonian-Mississippian gneiss and Mid-Cretaceous Dawson Range Batholith. Trans Columbia located a copper-molybdenum anomaly west of the breccia, while Nordac's soil sampling showed that the area around the breccia carries anomalous values of up to 395 ppb gold.
The 1993 exploration program outlined a large multi-element soil geochemical anomaly which is coincident with a magnetic high and a chargeability anomaly. Four of the six 1993 diamond drill holes collared on the Ana claims intersected intervals of intrusive breccia up to 44 metres in thickness associated with anomalous concentrations of copper and gold. A petrographic study of samples from this drilling suggests that alteration style is increasing in intensity and potassium content towards the east. Hole 93-06, the most eastward of the 1993 holes, intersected Patton Porphyry through its entire length. The combination of intrusive breccia in proximity to Patton Porphyry is analogous to the geological setting at the adjoining Casino deposit (Minfile Occurrence #115J 028). Wildrose theorized that the mineralizing system present on the adjoining Casino property extends onto the Canadian Creek property, although large areas of the leached cap may have been eroded away.
The J claims were staked to protect any potential mineralization uncovered on the Ana and adjoining Koffee claims and to provide an area for storage and infrastructure if the Casino deposit entered into production.
The 1996 through 1998 work programs were carried out to follow up geophysical targets and delineate future drill targets. The bulk of the work was carried out on the Koffee and Ana claim blocks. Trenching returned open ended values up to 0.9 g/t gold over 13 m.
Both 2000 drill holes appear to have intersected mid-Cretaceous Dawson Range Batholith over their entire lengths. Hole -03 intersected granodiorite while hole-10 intersected quartz diorite.
The 2003 soil sampling program was conducted to expand Wildrose's soil grid east onto the Casino "B" claims (located midway between this occurrence and Minfile Occurrence #115J 028) and to follow-up both gold dominant intrusion related and porphyry copper-gold-molybdenum mineralization encountered in previously drilled drill holes. The survey outlined a robust 900 by 600 m copper-gold-molybdenum soil anomaly that suggests that, while this area was formerly thought to be predominantly prospective for intrusive associated gold, it is more likely prospective for copper-gold-molybdenum mineralization similar to that found on the adjacent Casino Deposit (Minfile Occurrence #115J 028).
The 2007 diamond drilling was centered over the eastern end of the Casino "B" claims and tested a magnetic high and a copper-gold-molybdenum soil anomaly. Hole 4 returned 0.31 g/t gold (516 ppm copper and 15 ppm molybdenum) over 139.9 m including 2.96 g/t gold over 6.0 m. Holes 1, 2, 3 and 5 returned significant intersection lengths but the gold grade was approximately half (~ 0.15 g/t gold) of that returned in hole 4. The 2008 Aster Satellite survey highlighted various areas containing iron oxide and alunite alteration on the property.
The 2009 soil sampling program outlined a series gold and arsenic gold anomalies across the entire 4.0 km width of the grid. The anomalies are defined by 20 ppb gold contours and individual anomalies are up to 1.5 km in length. At a 50 ppb gold threshold the largest anomaly is 1.2 km long and 300 m wide. The anomalies show strong linear trends from east-west to northeasterly. An induced polarization (IP) geophysical survey was also completed over the grid and outlined several anomalies that show the same general trend as the soil anomalies. The 2009 diamond drilling tested some of the IP and soil geochemical anomalies. The drilling appears to have been carried out on the eastern end of the Ana claims and all of the drill holes returned anomalous gold intercepts. Notable intersections include hole 6 which intersected 0.33 g/t gold over 15 m and hole 10 which intersected 0.68 g/t gold over 7.5 m including 1.10 g/t gold over 3 m.
References
ALDER RESOURCES LTD, News Release, 26 Aug/2009.
ALDER RESOURCES LTD, Summary Report on the Canadian Creek Property for Alder Resources Ltd by J.W. Morton and C.W.P. Russell, Jul 27 2009. (available on Sedar).
ALDER RESOURCES LTD, Dec/2009. Web Site: www.alderltd.ca.
CANLEY DEVELOPMENTS INCORPORATED, Mar/2003. Compilation Report: The Canadian Creek Property, Whitehorse Mining District, Yukon Territory. Available from SEDAR under Sargold Resources Corporation Mar 21, 2003.
CARIBOO ROSE RESOURCES LTD., Interm Financial Statements. Ending Nov. 30 2007 p. 9, Years Ended Feb 28/2009 and Feb 29/2008 p. 13. (explains Veraz Petroleum option - available on SEDAR).
CARIBOO ROSE RESOURCES LTD., News Release, 23 Oct/2006, 17 Jul/2009, 11 Oct/2007, 15 Jun/2009, 10 Sep/2009, 24 Sept/2009, 7 Dec/2009.
CARIBOO ROSE RESOURCES LTD., Dec/2009. Web Site: www.cariboorose.com.
EASTFIELD RESOURCES LTD, Mar/94. Assessment Report #093163 by J. Chapman and G.L. Garratt.
EASTFIELD RESOURCES LTD, Jan/97. Assessment Report #093532 by J.W. Morton.
GEORGE CROSS NEWSLETTER, 15 Mar/93; 15 Apr/93; 22 Jul/93; 11 Aug/93; 11 Jan/94; 28 Feb/94; 31May/94;17 Mar/97; 13 Aug/97.
JOHNSTON, S.T. AND SHIVES, R.B.K., 1995. Interpretation of an airborne multiparameter geophysical survey of the Northern Dawson Range, central Yukon. A progress report. In Yukon Exploration and Geology, 1994. Exploration and Geological Services Division, Yukon, Indian and Northern Affairs Canada, p. 105-111.
JOHNSTON, S.T., 1995. Geological compilation with interpretation from geophysical surveys of the northern Dawson Range, central Yukon. (115J/9 & 10; 115I/12) (1:100 00 scale map). Exploration and Geological Services Division, Yukon, Indian and Northern Affairs Canada, Open File 1995-2 (G).
NORDAC MINING COPORATION, Apr/87. Assessment Report #091703 by R.C. Carne.
SARGOLD RESOURCES CORPORATION AND WILDROSE RESOURCES LTD, Mar/2004. Assessment Report #094449 by J.W. Morton and J.W. Page.
SARGOLD RESOURCES CORPORATION, Audited Annual financial Statements - English, May 12/2004. Available on SEDAR.
SARGOLD RESOURCES CORPORATION, News Release, 19 Dec/2002, 2 Jul/2003.
SELBY, D. and NESBITT, B.E., 1998. Biotite chemistry of the Casino Porphyry Cu-Mo-Au Occurrence, Dawson Range, Yukon. In: Yukon Exploration and Geology 1997. Exploration and Geological Services Division, Yukon, Indian and Northern Affairs Canada, p. 83-88.
SELBY, D. ET AL., 1999. Major and trace element compositions and Sr-Nd-Pb systematics of crystalline rocks from the Dawson Range, Yukon Canada. In: Canadian Journal of Earth Sciences, Volume 36, p. 1463-1481.
TRANS COLUMBIA EXPLORATIONS LTD, 1970. Assessment Report #060227 by S.L. Sandner.
TRANS COLUMBIA EXPLORATIONS LTD, 1970. Assessment Report #019922 by W.R. Newman.
TRANS COLUMBIA EXPLORATIONS LTD, Sep/70. Assessment Report #061956 by D.R. Cochrane & A.J. Sinclair.
TRANS COLUMBIA EXPLORATIONS LTD, Sep/72. Assessment Report #019923 by S.L. Sandner.
WILDROSE RESOURCES LTD, ET AL., Feb/2001. Assessment Report #094169 by J.W. Morton.
WILDROSE RESOURCES LTD AND EASTFIELD RESOURCES LTD, May/2000. Assessment Report #094206 by J.W. Morton.
WILDROSE RESOURCES LTD AND EASTFIELD RESOURCES LTD, Feb/2002. Assessment Report #094244 by J.W. Morton.
WILDROSE RESOURCES LTD, News Release, 3 Mar/2004.
WILDROSE RESOURCES LTD, Jul/99. Web Site: www.direct.ca/wildrose/
YUKON EXPLORATION AND GEOLOGY 1993, p. 4, 6, 8; 1994 p. 10; 1996 p. 24, 30; 1997 p. 24, 35; 2003 p. 17-18, 25.
YUKON EXPLORATION 1987, p. 278-279.
