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The Rainbow zone is a copper gold resource favourably situated 3.5 kilometres southeast from the Afton mill site, along the same structural trend that hosts the previously mined Afton, Pothook, and Ajax ore bodies. The resource calculated on the Rainbow zone has a current strike length of 500 metres, a thickness range of 50-150 metres, and a steep southwest dip that has been traced for up to 500 metres below surface. The geometry of the resource is roughly tabular with an east-west to eastsoutheast orientation. There is excellent potential for expansion, along strike, down dip and at depth. The 3D-IP geophysical survey completed in 2003, which demonstrates good correlation with the known mineralization, extends virtually untested 400 metres northwest of the Rainbow resource model. The recommended program includes re-sampling of historically drilled holes and 30 diamond drill holes totaling 9,000 metres, which will test the extensions of the Rainbow zone and in-fill areas within the zone.
RAINBOW RESOURCE MODEL
Indicated Resource
|
Cut off (% copper) |
Tonnes > cutoff |
Copper (%) |
Gold (g/t) |
Million pounds of copper |
Million ounces of gold |
|
0.10 |
100,600,000 |
0.237 |
0.066 |
525.721 |
0.2135 |
|
0.20 |
47,100,000 |
0.345 |
0.084 |
358.301 |
0.1272 |
|
0.25 |
31,600,000 |
0.405 |
0.094 |
282.196 |
0.0955 |
|
0.30 |
21,900,000 |
0.464 |
0.106 |
224.063 |
0.0746 |
|
0.35 |
14,800,000 |
0.532 |
0.119 |
173.613 |
0.0566 |
Inferred Resource
|
Cut off (% copper) |
Tonnes > cutoff |
Copper (%) |
Gold (g/t) |
Million pounds of copper |
Million ounces of gold |
|
0.10 |
10,600,000 |
0.176 |
0.051 |
41.136 |
0.0174 |
|
0.20 |
3,000,000 |
0.245 |
0.064 |
16.207 |
0.0062 |
|
0.25 |
1,100,000 |
0.288 |
0.071 |
6.985 |
0.0025 |
|
0.30 |
300,000 |
0.335 |
0.096 |
2.216 |
0.0009 |
|
0.35 |
100,000 |
0.374 |
0.104 |
0.825 |
0.0003 |
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