On February 9, 2022 the Company obtained preliminary results from its 1,200m drill program comprising 9 holes on its Optioned Dobie Lake Copper Property in the Algoma Area of Ontario. The best results were obtained from Drill holes DL-21-01, DL-21-03 and DL-21-05. The chalcocite observed at 61.2 m depth in Drill hole DL-21-01 (see Press Release Dated January 17, 2022) gave very high copper values as expected averaging nearly 4% copper over 1.8 meters. The zones in drill holes DL-21-03 and Dl-21-05 are described as zones of silicification with quartz veins and rare breccia.
The drilling program tested two of the known areas of copper mineralization on the Dobie Lake Property – the Canamiska Zone and the newly discovered Alpha Vein of the No. 2 Zone.
On January 8, 2022 the Company expanded its Dobie Lake Copper Property through the acquisition of 2,100 acres connected to the east and west of the existing claims. The expansion consists of 2 sets of claims adjacent to the Dobie Lake claims.
The first set of claims consists of the Cobalt (Gryba) claims which lie to east of the Dobie Lake Copper claims (the orange claims). The area appears be the extension of the North No 1 Zone. Rock sampling from trenches in the North Zone have returned values up to 6.78% copper in veins of massive chalcopyrite. The Cobalt claims adjoins the property of Kobold Metals, a company whose mandate is to identify projects with potential to host Energy Metals, which has a known cobalt occurrence.
The second part of the expansion consists of the Skead Holdings claims which are to the east and west of the existing Dobie Lake Copper Property. The claims to the east of Dobie Lake Copper cover an area known as the “Southeast Trench” which has yielded, in past work, massive chalcopyrite veins with grab samples up to 5% copper. The newly discovered Alpha Vein on Big Red’s property is projected to extend to the Southeast Trench area giving a strike length of over 1.5 km to this copper-bearing structure. The property to the west of the Dobie Lake Copper claims includes the western extension of the Alpha vein and covers the former producing Jentina mine property. Indications of the western extension of the Alpha Vein (No. 2 Zone) were discovered during prospecting on the west side of the Skead claims in 2021. If confirmed, this would add another 1.6 km to the western extent of the No. 2 copper mineralized zone.
The No. 1 Copper-Precious Metal Structure is delineated over a strike length of 3,500m (3.5 k) and varies in width from 18m in the west to 45m in the east. A historical 2.4m channel sample containing some massive sulphide assayed 6.78% copper and 60 g/t silver.
The No. 2 Copper Structure consists of mainly quartz-carbonate veining hosted by sheared and chloritized siltstone and conglomerate. The zone measures at least 1,340m long (east-west).
The extension of the zone to the east has recently been confirmed by prospecting. The so-called Southeast Trench in this zone, gave (historical) 1.83% copper over a 1.2m channel of chalcopyrite-rich quartz veining.
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