 |
 |
|  | |  Introduction
The Indata Property is located in north central British Columbia approximately 2 hours by truck north of the regional centre of Fort St. James, BC. The Property, with both a lode gold and porphyry copper target, has been owned by Eastfield since 1986, and was the original listing property of the company. Many exploration initiatives have occurred at Indata since the claims were first staked by Imperial Metals Corporation in 1983. In 1988 and 1989 Placer Dome Inc. funded $1,000,000 in exploration at Indata through private placements in Eastfield. Cumulative exploration expenditures completed by Eastfield and its partners in this project total $2.3 million dollars. The property is also considered prospective for nickel due to high nickel values in the soils. Ownership
Eastfield owns a 90% working interest in Indata while Imperial Metals Corporation owns the remaining 10% having been diluted form a 30% ownership purchased in 1988. The property consists of 15 claims covering 3,041 hectares (7,500 acres). Oceanside Capital Corp. has been granted the option to earn a 60% interest in the mineral claims by paying to Eastfield the aggregate sum of $160,000, by issuing and allotting to Eastfield an aggregate of $120,000 shares of Oceanside and by spending an aggregate of $2,000,000 on the Indata Property over a three year period ending on December 31, 2013. Geology
The Indata property is situated in a complex geological setting adjacent to the Pinchi fault. Several styles of mineralization exist on the property, the historical focus has been gold-silver mesothermal veins and porphyry style copper and gold hosted in volcanic rocks and granodiorite intrusions. Previous drill highlights include hole 1988-11, drilled in 1988, which intersected 4 metres grading 47.26 g/t (1.38 oz/ton) gold. Hole 1998-4, drilled in 1988, intersected 145.4 metres of 0.20% copper with the bottom 24 metres of the hole grading 0.37% copper. The property is now also being investigated for nickel. Three styles of mineralization occur on the property, namely 1.) Ophiolite related mesothermal gold, 2.) porphyry copper mineralization (possibly unrelated) and 3.) Ophiolite related nickel mineralization. A brief description of the three styles of mineralization is as follows: 1) Mother Lode Style Lode Gold: Lode gold intercepts originally discovered in 1987 were extensively explored by geochemical and geophysical methods and drilling to 1990 and again in 2007 and 2008. Most of this exploration was funded by (back to back) private placements completed by Placer Dome Inc. and success resulted in Imperial Metals Corp. exercising a back-in right to gain a 30% working interest (now diluted to 10%). Lode gold mineralization is spatially associated with the Pinchi Fault Zone which is similar in many respects to the Melones Fault Zone in California from where the analogy to "Mother Lode Style" mineralization originates (The Motherlode District in California has produced more than 100 million ounces of gold from lode deposits and 50 million ounces from placer deposits). Gold mineralization at Indata is related to ultramafic bodies in or near the main Pinchi Fault break and accompanied by pathfinder anomalies including arsenic, antimony, mercury, bismuth and tellurium. The most significant drill intercept, hole 88-I-11, returned an intercept of 4.0 metres grading 46.20 grams per ton gold. A review of 24 diamond drill intercepts where a lode gold intercept grading at least 1.0 g/tonne gold occurs indicates that the average vein intercept is 1.54 metres wide with an average grade of 8.41 g/tonne gold and 52.43 g/tonne silver. It should be pointed out that one very high grade intercept in hole 88-11 upwardly biases this number. The Indata lode gold vein system is open ended and has been established to extend in a north-south orientation for more than 3.2 kilometres. One of the most robust multi-element geochemical anomalies of this style was discovered in 2006, on the northwest corner of the grid, and remains un-drilled. The signature of this vein occurs at several 50 metre spaced sample locations along two 200 metre spaced lines, indicating it may have substantial thickness. 2) Porphyry Copper Style Mineralization: Porphyry copper style mineralization has been exposed in several drill holes and along access roads at the northeast end of Albert Lake (west centre of property). The most successful drill hole of this style, DDH-I-98-04 intersected 145 m grading 0.20% copper with the bottom 24 metres of the hole grading 0.37% copper. Mineralization in this area is associated with a local magnetic high which may be satellite feature to a larger magnetic anomaly contiguous to it to the east. Locally occurring Cretaceous intrusives suggests this mineralization may be related although the proximity of the Kwanika Creek Deposit owned by Serengeti Resources Inc. (ten kilometres to the northeast) may indicate an alternative and comparable Triassic-Jurassic origin. Drilling has not effectively tested this feature on its northern, western or southern extremities. A strong and relatively cohesive soil copper anomaly exists for at least 1,500 metres to the south of the known porphyry copper mineralization in a generally low lying and wet landscape that has not yet been drill tested. 3.) Ophiolite related nickel mineralization Ophiolite related disseminated nickel mineralization was added as a new objective in 2010 as a consequence of review of a reconnaissance soil line established by Imperial Metals Corporation in 1983 (south of the pre-2010 grids). The 1983 soil line contains an 800 metre wide section (sampled on 50 metre centres) which contains very high concentration of soil nickel (to 1,247 ppm) and soil magnesium (to 9.40%). The high magnesium is thought to most likely be caused by the serpentinization of ultramafic rock and is now deemed to warrant follow up as a potential host for nickel alloy mineralization similar to what is currently being explored by First Point Minerals Corp. (TSX-V: FPX) and Cliffs Natural Resources Inc. (NYSE: CLF) at the Decar Project approximately 50 kilometres to the southwest. Soil results obtained from three new Indata lines south of this area that were cut and soil sampled in 2010 returned soil nickel values to 1,600 ppm. Current Status
Several geophysical targets were defined in 2010 and 2011. Access
Indata became road accessible in 1994 following the completion of 18 kilometers of all weather access road into the heart of the property. Maps
Photos
Click here to view Photos from the 2007 Trenching and soil sampling program Reports
Photos from the 2007 Trenching and soil sampling program
| | |||||||||||||||||||||||||||||||||||||||||||||||||||
)
)
)
)
)
| Home Corporate Projects Investors Qwikreport Contact Us | | | |
|  | | ||