BC MINING PROPERTIES

Gold Mines - Placer Gold Mines - Silver Mines - Mineral Claims - Mineral Tenures - Mining Claims - Advanced Mining Projects

InvestorsAbout UsConversionsAvailable Properties ListXRF Analyzer RentalLinksQuestionsContact Us

MAC Property

Advanced Staged Mining Project

AVAILABLE FOR SALE OR OPTION
1.) Large 36,350 acres (14,711+ ha) property,  with core claims in good standing until 2023, advanced stage porphyry cu/mo deposit with additional drill-ready targets

2.) Two additional porphyry zones remain untested with several additional targets having been identified through geochem & geophysics

3.) Multiple deposit potential for Cu/ Mo porphyry's with a recent Nickel-Iron Alloy (Awaruite) discovery on the property

4.) Main (Camp) Zone includes an initial 248 million tonne 43-101 Resource Estimate with much room to increase tonnage and upgrade resources through step-out, definition drilling

5.) Excellent infrastructure with good road access suitable for year-round drilling operations located in the Ft. St. James, BC area



Previous Option Holder

*In 2013 Stratton Resources Inc. was unable to continue to meet payment and work obligations due to adverse market conditions was forced to drop their Option to acquire a 90% interest in the property.
 
"Regretfully, the market conditions do not allow us to continue with the project."


Stratton wrote-down approximately $15M dollars



MAC - MOLYBDENUM / COPPER DEPOSIT

Advanced Stage Molybdenum / Copper Porphyry Deposit

43-101 Resource Estimate

MINFILE No 093K 097

 Inventory Report



Drill Core


The MAC Project is a 100% wholly-owned 36,350+ acre (14,711 ha), Advanced-Stage molybdenum-copper porphyry exploration project located approximately 80 kilometers northwest of the town of Fort St. James, BC and is situated in a prolific porphyry region 40 kilometers west of two former producing copper/moly mines, Bell and Granisle, 90 kilometers north of the Endako molybdenum mine, and 120 kilometers southwest Mt. Milligan mine. 

Discoveries of AWARUITE a naturally occurring nickel-iron alloy (Ni2-3Fe) have also been made on the MAC Property. 

A 2011 geophysical data analysis and interpretative assessment of the MAC Property ZTEM electromagnetic and magnetic airborne survey data was completed by Condor in early 2012 (Giles 2012). This work presents evidence for an effective approximately 5 km westward or left-lateral fault off-set of the northern strike extent of the serpentinized peridotite host to the Decar awaruite deposit. From regional and property airborne magnetic data, this shift results in some 15 km strike length of prospective ultramafic rocks lying in the north-west portion of the MAC property, north of the Camp zone deposit. Prospecting and sampling to locate and assess exposures of these ultramafic rocks was completed along logging road cuts, stream banks and ridges. In total some twenty exposures of potentially nickel-alloy bearing outcrops were located. From this 13 samples were taken and 7 were submitted for detailed analysis.

The initial 7 samples returned an averaged of 0.38% nickel, 33% iron and 1.2% chromium (Davis-tube separated magnetic fractions).  It is clear the MAC Property also hosts the potential for a world-class Decar-type nickel-iron alloy deposit (Awaruite). Decar - Awaruite Property Link
MAC Awaruite Locations Map





MAC Copper Molybdenum Porphyry Deposit


 43-101 Initial Resource Estimate

Contained Metal (Indicated + Inferred)


262.52 Million lbs. Molybdenum

351.11 Million lbs. Copper


248,294,000 tonnes (Indicated + Inferred) 




Indicated Mineral Resources
Cut-off Grade
Mo (%)
Tonnes Mo
(%)
  Cu
(%)
  Cu eq
(%)
  Contained Metal - Cu eq (million lbs)  
0.030 79,502,000 0.059 0.09 0.326 571.4
0.035 70,360,000 0.063 0.10 0.352 546.0
0.040 61,616,000 0.067 0.10 0.368 499.9
including
0.035 15,279,000 0.104 0.16 0.576 194.0
Inferred Mineral Resource
Cut-off Grade
Mo (%)
Tonnes Mo
(%)
  Cu
(%)
  Cu eq
(%)
  Contained Metal - Cu eq (million lbs)  
0.030 226,647,000 0.039 0.05 0.206 1,029.3
0.035 177,934,000 0.042 0.05 0.218 855.2
0.040 120,621,000 0.046 0.05 0.234 622.3



High probability exists to increase the current resource tonnage through the delineation of the main (Camp) Zone along with drilling of the Pond & Peak Zones which both have remained as primary exploration targets with very little drilling having been done in the past. The intrusive sources for both zones were never located. 

On April 24, 2012, an Initial National Instrument 43-101 Initial Resource Estimate for the CAMP ZONE was released containing:
70.4 million tonnes of Indicated Resource grading 0.063% molybdenum (“Mo”) and 0.10% copper (“Cu”),
Including a near-surface higher-grade Indicated Resource of 15.3 million tonnes grading 0.104% Mo and 0.16% Cu.
An Inferred Resource of 177.9 million tonnes grading 0.042% Mo and 0.05% Cu for a total of 248 million tonnes combined in the Indicated & Inferred categories.
Further drill testing is required to determine the extent of additional resources at depth and along strike, as well as to upgrade Inferred Resources to Indicated Resources. The resources were calculated using a cut-off grade of 0.035% Mo and full details of the resource estimate are available through links within this website.

RESOURCE ESTIMATE HIGHLIGHTS 
Indicated Resources of 70.4 million tonnes at 0.063% Molybdenum (“Mo”) and 0.10% Copper (“Cu”) or a grade of 0.352% Copper Equivalent (“Cu equivalent”) at a cut-off grade of 0.035% Mo.
Contained within the Indicated Resource estimate is a high-grade, near surface “starter” zone of 15.3 million tonnes at 0.104% Mo and 0.16% Cu (0.576% Cu equivalent) at a cut-off grade of 0.035% Mo.
Inferred Resources of 177.9 million tonnes at 0.042% Mo and 0.05% Cu (0.22% Cu equivalent) at a cut-off grade of 0.035% Mo.
Contained metal of 546 million pounds of Copper equivalent in Indicated Resources and 855 million pounds of copper equivalent in Inferred Resources. (1.401 Billion lb. Cu)
Numerous combined electro-magnetic (“EM”) and magnetic features that may reflect similar geological aspects of the Camp Zone have been identified within close proximity to the Camp Zone and warrant soil geochemistry, geologic mapping and reconnaissance drill testing.
 
"Based on only 22,000 meters of drilling on the Camp Zone there is evidence of a bulk tonnage porphyry deposit with a zone of high-grade material at or near surface that would be ideal for a starter-pit to feed a mining operation.”
 
Cross-Section of Camp Zone (facing west) with 0.08% Mo Shell (red) within Global Indicated Resource (light blue)
A high-grade starter zone within the Indicated Mineral Resource was identified using Leapfrog® modeling software seen in this MAC Project 43-101 Resource Estimate report.
 
Upon completion of the 2011 drilling program Giroux Consultants Ltd. was contracted to produce a NI 43-101 resource estimation for the Camp Zone. A total of 104 historic and current diamond drill holes were used in the resource estimate. The grade distributions for Mo and Cu in the historic holes were compared to the holes drilled by Stratton and no bias was identified. A three-dimensional model was built by Stratton geologists to outline the Quartz Monzonite intrusive and several post-mineral dykes. The remainder of the model consisted of hornfelsed volcanic. Within each rock type cap levels were established from the grade distributions. Variograms for Mo and Cu within volcanics and intrusives were produced from 5 m composites to quantify the grade continuity. Grades for Mo and Cu were interpolated into 10 x 10 x 5 meter blocks by Ordinary Kriging. Estimated blocks were classified as Indicated or Inferred based on the grade continuity and density of drilling. The summary table below highlights a cut-off of 0.035% Mo as a possible open pit cut-off, although at this time no economic evaluation has been completed. A cut-off grade closer to 0.020% is a target for production.

In 2012, a soil geochemical sampling program done in the area of the Camp Zone has highlighted a 1200m long strike length of a quartz-monzonite intrusive body east margin that occurs at the Peak Zone, on strike to the south-southeast of the Camp zone.
The near ore-grade intercept in drill hole 95-13 lies along the trend of this anomalous soil geochemistry. Additional drilling is warranted to fully test the intrusive contact zone west, south and north of hole 95-13. Eight - 250m long core-holes have been proposed.
 
The Peak Zone History

In 1995 a single hole was drilled into the Peak Zone (95-13) which
returned 0.012% Mo and 0.059% Cu over the entire 286.5 metre length of core including a central intersection of 138 metres from 76.0m - 214.0m contained 0.010% Mo and 0.086% Cu

The conclusion: "Drill-hole 95-13 may have been drilled too high in the mineralized system, intersecting the outer most shell of mineralization above a buried intrusion". ARIS 24319

"The Peak Zone as defined by geophysics and geology, has the potential of hosting greater than 150 million tonnes of reserves." (Spokane Resources, May 1996).

In 1996, 3or 4 additional holes were also drilled to test the Peak Zone. The reports and drill core from this drilling have not been located.


The Pond Zone History


Is the largest zone of the three zones (at least 2 km long x 2 km wide). In 1995, four of six holes drilled into the Pond Zone returned the following results:
1.) - 0.024% Molybdenum and 0.016% Copper over 196.9m width (Hole 95-18)
2.) - 0.022% Mo and 0.016% Cu over 185.3m width (Hole 95-21)
3.) - 0.024% Mo and 0.018% Cu over 176.8m width (Hole 95-22)
4.) - 0.020% Mo and 0.016% Cu over 231.5m width, including 52m width of 0.048% Mo and 0.029% Cu (Hole 95-23)

In 2012,
the Condor Geophysical Report indicated the possible location of the intrusive source for the Pond Zone approximately one km west of the historic drill locations. If the interpretation is correct, the Pond Zone could prove-out to be much larger than the Camp Zone. A 6 - 8 hole drill program should be carried out at first opportunity.
 
 
 

Proposed Drill Hole Locations
(PDH) Previous drill hole location, result and orientation at the highly prospective Peak Zone


WHAT'S NEXT
·         Completing delineation drilling in the Camp Zone, including drilling across the quartz monzonite stock between the East and Northwest contact zones.
·         Expanding drilling coverage in the Camp Zone to step-out and off-set drilling of unconstrained intercepts, particularly to the South and to depth on both the East and Northwest contact zones.
·         Completing additional drilling near the Camp Zone of the Peak and Pond Zones as well as the follow up, additional prospecting and mapping and prioritizing of all newly identified geophysical targets.
 
 MAC FACTS
- 10,067 meters drilled in 44 holes in 2011, totaling 22,238 meters to-date in 104 holes.
- 43-101 Initial Resource Estimate with clear potential to significantly increase current tonnage and grade.
- Additional Resources to be drilled in two confirmed zones - "Historic drilling in the Pond and Peak Zones has intersected similar styles of mineralization in hornfelsed volcanic rocks as described for the Camp Zone as follows:
- "The Pond Zone, which was tested by six diamond drill holes in late 1995, is the largest zone in the porphyry system.  It is at least 2km long and 2 km wide.  Diamond drilling in 1995 intersected massive zones of silica alteration, significant amounts of molybdenum and lesser amounts of copper mineralization. This zone remains as a prime exploration target..." 
- *No work has been done on the Pond Zone since 1995, and there now appears to be important information to be gained regarding a possible intrusive source location from information within recently released Condor Geophysical Report.
- 1995 Drilling returned: 0.024% molybdenum and 0.016% copper across 196.9m (95-18), 0.024% Mo and 0.018% Cu over 176.8m (95-22) as well as 0.020 Mo and 0.016 Cu over 231.5m which included a section of 52m at 0.048 Mo and 0.029% Cu (95-23).
- Peak Zone - drilling returned near-ore grades of 0.012% molybdenum and 0.059% copper over 286.5 meters in hole 95-13 and a 2012 sampling program has identified a 1200m strike length of anomalous moly and copper and an 8 x (250m) drill-hole program has been recommended by the previous operator, although it is my opinion that a 12-hole program would better define the area based on the anomalous combined Cu-Mo soil geochemistry in ARIS 33690.

-  A large part of the intent of Stratton's 2011 drill program was to duplicate the historic drill holes so that they could be included into a 43-101 Resource Estimate.  Stratton for whatever reason decided to drill many holes in the opposite direction to the original drill-holes.  In result, many returned lesser grades as compared to the same historic holes / locations.  The point being, in general, many of Stratton's holes did not return as good of grades as the historic holes and in result, the 43-101 Resource Estimate is under-stated to an undetermined extent. In-fill drilling will eventually sort this out.

- High discovery potential remains to locate additional porphyry deposits on the 25,195+ ha (57,339 acre) property with as many as 16 newly identified Magnetic & 13 EM TZ targets having been identified by comparing similar target responses taken from Bell Copper, Granisle, Morrison & Babine porphyry deposits in ARIS 33314.
- Excellent First Nations Bands & Individuals.
- Manageable environmental-impact area.
- Excellent infrastructure with good road access suitable for year-round drilling operations.
- Core claims in good standing until 2023
- There may be a remote possibility to fast-track MAC to production if an agreement could be reached with a neighboring miner to ship & process ore at their 55,000 tonne/ day facility 90 km to the south of MAC.
- Hydro Power is located approximately 40 km away (BC Hydro's IL390 - 168 KV Power-line) at the closed Granisle (Babine) mine (see maps below).


DRILL CORE


 



DDH MC11-03 Drill Core

OUTCROP
 


REPORTS & LINKS



 
RESULTS FROM 7 HOLES DRILLED BY SPOKANE RESOURCES IN 1996

PHOTO GALLERY

MAC - GALLERY 1

MAC - GALLERY 2
 
Assessment Report Links
Report NumberYearLatitudeLongitudeWork Cost1986 Dollars1992 Dollars2002 Dollars
11861198354.86-125.56$60,251.00$68,080.23$84,622.19$99,753.31
12881198454.85-125.56$103,590.00$112,110.39$139,986.49$164,952.23
19451198954.85-125.58$200,324.10$175,722.89$228,419.73$269,252.82
24033199554.87-125.57$15,065.00$11,284.64$13,962.00$16,446.51
24319199654.87-125.57$61,112.50$45,068.22$56,118.00$66,139.07
24520199654.92-125.6$2,065.35$1,523.12$1,896.56$2,235.23
24638199654.86-125.58$182,819.00$134,822.27$167,877.87$197,856.06
30592200854.87-125.58$19,053.17$11,129.19$14,390.61$16,966.31
30594200854.84-125.58$20,229.28$11,816.17$15,278.91$18,013.61
32927201254.86-125.58$330,000.00$183,792.82$237,580.99$280,135.82
33182201254.86-125.58$3,366,156.00$1,874,773.60$2,423,438.44$2,857,517.83
33314201254.86-125.58$33,055.00$18,409.91$23,797.70$28,060.27
33690201354.85-125.58$126,955.00$70,727.02$91,466.14$107,863.21
 
MAC CLAIMS MAPS

 
 


BC Hydro Transmission Area Local Map



MAC COMPARABLE METAL VALUES AT VARIOUS CUT-OFFS
(Indicated & Inferred Resources combined)
(June 2014)
@ 0.035% Grade Cut-off (Initial Resource Estimate)
Molybdenum = 262,520,000 lbs = $3.93 Billion @ $14.97 USD
Copper = 351,310,000 lbs Cu = 1.07 Billion @ $3.05 USD

RECOVERABLE METAL VALUE = 5.0 Billion USD



3 - YEAR TRAILING AVERAGE
Copper $3.75 / lb
Molybdenum $14.50 / lb
@ 0.030% Grade Cut-off (same as Morrison Deposit)
= 298,340,000 lbs Mo
= 407,658,000 lbs Cu
METAL VALUE (Trailing Average)
$5,854,617,500 USD

METAL VALUE (Trailing Average)
$6,556,965,000 USD



Comparable Copper / Molybdenum Properties

MAC has an (Mo eq.) grade of 0.088% Indicated on 70,360,000 tonnes and 0.055% Mo Inferred on 178,000,000 tonnes for an average combined grade of 0.064% Mo as compared to the Thompson Creek Mine at 0.075% Mo and Endako at 0.046% Mo.
As is, MAC could produce the equivalent of 15,000,000 lbs. of Molybdenum (77% Mo + 23% Cu) per year with a 30,000 tonne/day facility and an approximate 22.6 year mine life. The target production cost per pound of Molybdenum would be around $6.00 / lb.

MAC's Current Resource = approximately 350 million lbs. (Mo eq.) (Indicated + Inferred) @0.035% cut-off.
MAC's Current Tonnage = 248,000,000 tonnes (Indicated + Inferred)  ⁄ 30,000 tonnes / day = 22.64 year mine life.

MAC's Current Tonnage = 248,000,000 tonnes (Indicated + Inferred)  ⁄ 45,000 tonnes / day = 15 year mine life producing the equivalent of approximately 23,000,000 lb. Mo / year


MAC's current resource tonnage has potential to increase as much as 2x - 4x upon the completion of all exploration & drilling.
 
Using a .020% cut-off MAC runs 448,050,000 million tonnes with an average combined equivalent grade of 0.059%.  Employing a 55,000 tonne / day mill (same as Endako), MAC could produce approximately 26,000,000 lbs Mo Eq. / year with a 17+ year mine life. Upon delineation of the Camp Zone and drilling of the Pond and Peak Zones, MAC's mine life should increase substantially.


MAC TONNAGE & GRADE CHARTS
     Indicated       Inferred
      
 

Select Regional Geochemical Survey Report anomalies (RGS) on the
MAC Property
Also see the Geophysical Data and Maps in ARIS 333144A and 33314B to correlate these anomalies

RGS 093K023131

RGS 093K081642

Northeastern Claim Area

RGS 093K081644
East of the Camp Zone

Inquiries

BC MINING PROPERTIES - HOME
-Warning-
All properties on this site are offered for mining purposes only. Title to a mineral or placer claim does not include ownership of the surface rights or the right to use the property for residential or recreational purposes
BC MINING PROPERTIES IS OPERATED AS A DIVISION OF 802213 ALBERTA LTD