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|  |  The Canadian Creek property is approximately 300 km northwest of Whitehorse and 160 km south of Dawson City. The property consists of 320 claims covering approximately 6,180 hectares, approximately 50 kilometres southeast of Kinross Gold Corporation's White Gold discovery and 25 kilometres southeast of Kaminak Gold Corporation's Coffee Gold discovery. Access The property is accessible in three different ways. The first is by barge from Minto or Dawson city and then an all season road from the mouth of Britannia Creek to the property. The second is via a winter only road from the Freegold property 90 km to the southwest. The Third is via an airstrip on the adjacent Casino property that has been in operation for approximately 30 years. Geology Canadian Creek lies within a belt of metamorphosed and schistose rocks belonging to the Yukon metamorphic belt. Upper Cretaceous quartz-dioritic to quartz-monzonitic intrusives and related breccias named the Casino Complex occur throughout the property intruding these metamorphosed sediments and volcaniclastic rocks. A northwest trending belt of gold rich mineral deposits extends from the Mount Nansen and Freegold Mountain areas, through the Sonora Gulch project and the Coffee project, to the White Gold project (Kinross Gold Corporation) with the Casino and the Canadian Creek properties occurring approximately two thirds of the way along this belt. Canadian Creek is also strategically located to the immediate west of Western Copper Corporation's Casino deposit. This is a porphyry copper-gold-molybdenum system with a very large documented resource (1.002 billion tones grading 0.22% copper, 0.25 g/t gold and 0.02% Mo, (E.D. Titley, Report Revised Resource Estimate, Casino Property, Yukon Territory, for Lumina Copper Corp., Feb 27, 2004). There are three exploration target types on the Canadian Creek property: (1) Bulk tonnage (intrusion related) gold; (2) Structurally controlled gold with pathfinder association of arsenic, antimony and bismuth (the White Gold target type); (3) Copper-gold-molybdenum porphyry mineralization similar to Casino. Bulk tonnage style gold mineralization was first identified at Canadian Creek in 1993 when an excavator trench exposed 40 metres of mineralized rock grading 0.57 g/t gold including 10 metres grading 1.69 g/t. A diamond drill hole completed in 1993 intersected 150 metres grading 0.49 g/t gold, including 55 metres grading 0.72 g/t. In 2007 five additional holes were completed in this area. Highlights included hole 07-04 which returned 0.31 g/t gold over 139.9 metres (9.1 m to 145.0 m) including 2.96 g/t gold over 6.0 metres (139.0 m to 145.0 m). Work in 2009 Ten core drill holes totaling 1,425 m were completed along a series of gold-arsenic+/-antimony-bismuth soil geochemical and IP geophysical anomalies that cover an area of over four km in length. This program was the first drill test of these anomalies and confirmed the presence of auriferous quartz-carbonate veins and clay altered structures hosted in gneisses and granodiorite and monzonite intrusive rocks. All the drill holes returned anomalous gold intercepts. Work in 2011 A total of 5,660 soil geochemical samples at 50 metre intervals on lines spaced 200 metres, with in-fill sampling on 100 metre lines over areas with prospective gold-in-soil anomalies. In addition fill-in sampling was completed in some of the areas with historic soil sampling particularly in the northeast part of the property to better define existing anomalies. Soil results (> 40 ppb Au) define an extensive gold-in-soil anomaly with a strike length of 7.5 km and a width of 2.0 km. This new gold-in-soil anomaly which is 3.5 km in strike length extends a historic gold-in-soil anomaly on the property, previously named the Casino "B" trend, to form one large gold-in-soil trend that is 7.5 km long by 2.0 km wide, named the Canadian Creek trend. The highest gold-in-soil results of the 2011 survey were returned in the eastern 3.0 km adjacent to the boundary with the Casino property. The anomaly in this area consists of a total of 310 samples, of which 56% or 173 are considered to be anomalous (above 40 ppb), with values ranging from < 1ppb to 970 ppb (0.97 g Au/t). Historic gold-in-soil values within this trend range from <1ppb to 2289 ppb (2.29 g Au/t). A 391 line-kilometre detailed magnetic survey was also completed. A structural interpretation of this survey suggests that the Canadian Creek property contains a major ENE-WSW trending structural zone that is sub-parallel with the trend of the extensive gold-in-soil anomaly and may provide a significant control on gold mineralization on the property. The structural zone was later modified by a series of north-northwest striking faults which may also be important for location of gold mineralization. A limited IP survey of five north-south lines spaced at 200 metre intervals totalling 10 line-kilometres was completed in the area of historic drill holes CC09-08 and CC09-10, which intersected 3.46 g Au/t over 1.5m and 1.09 g Au/t over 3.0 metres, respectively. This survey has outlined two distinct zones of elevated chargeability that appear to correlate with magnetic and gold-in-soil anomalies in the general vicinity of the historic drill holes. Further survey lines need to be completed to better define the full extent of the anomaly; however, initial results are encouraging. Status Canadian Creek is optioned to Castillian Resources Corp. who can earn a 60% interest in the Property by June 18, 2013 by making $250,000 in cash payments to Cariboo Rose, issuing a total of 250,000 shares and funding exploration expenditures totalling $2,500,000. Approximately $1,000,000 was spent in 2009. Plans for 2012 The spring 2012 program planned by Castillian will include diamond drilling, additional trenching and IP surveys. Maps Photos Click here to view Canadian Creek photos from July, 2007 Drill Program Technical Document Compilation Report (pdf) | |
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