arctic star's providence discovery

Post on 30-May-2018

221 views

Category:

Documents

2 download

Embed Size (px)

TRANSCRIPT

  • 8/14/2019 Arctic Star's Providence Discovery

    1/57

    Providence Discovery Desteffany Lake, N.T.

  • 8/14/2019 Arctic Star's Providence Discovery

    2/57

    The Providence Discovery

    First Ultramafic HostedNickel-Copper-Cobalt-PGM

    Massive Sulfide System in the

    Central Slave Province

  • 8/14/2019 Arctic Star's Providence Discovery

    3/57

    Location

    Desteffany Lake,NT

    270 Kilometers NorthOf Yellowknife

    55 Kilometers WestOf Ekati

    PROVIDENCE

  • 8/14/2019 Arctic Star's Providence Discovery

    4/57

    Arctic Star Credit Lake

    Credit Lake Claim Block

    Providence Discovery

    Ekati

    Diavik

    Lac de Gras

  • 8/14/2019 Arctic Star's Providence Discovery

    5/57

    Discovery History

    Arctic Star Diamond Till Sampling IdentifiesNickel-in-Soil Anomaly

    Arctic Star Geophysical Surveys ProduceCoincident Magnetic-EM Target Near Soil

    Anomaly

    DDH 08CR-10 (April, 2008) Massive SulfideDiscovery Hole

  • 8/14/2019 Arctic Star's Providence Discovery

    6/57

  • 8/14/2019 Arctic Star's Providence Discovery

    7/57

    Assay Results -2008 Drilling

    Most Extensive Massive Sulfide Intercepts-5.1m-08CR-18

    1.73% Ni, 1.75% Cu, 0.17% Co

    Maximum Assays (for all reported base metal results)

    1.91% Ni over 1 meter 08CR-23

    4.1% Cu over 0.35 meter 08 CR-18

  • 8/14/2019 Arctic Star's Providence Discovery

    8/57

    Assay Results -2008 Drilling

    Assay Averages

    % Ni-Cu per Average 2.1m Massive Sulfide Intercepts

    9 of 16 Holes Reported , Averaging 2.1 meters of Massive / Hole)

    1.36% Ni

    1.05% Cu

  • 8/14/2019 Arctic Star's Providence Discovery

    9/57

    Grades / Assay Results Precious Metals

    Results From 25.6 meters of massive averages:

    Average 1.03g/t Pt (range 0.2 gr/t to 11.0 gr/t)

    Average 1.7 g/t Pd (averaging + 1 gr/t)

    High values also reporting for Os (0.14 gr/t),

    Rh (0.46 gr/t), Ir (0.19 gr/t)

  • 8/14/2019 Arctic Star's Providence Discovery

    10/57

    2008 Post-Discovery Exploration

    Detailed Magnetics & Max-Min Surveys ofRegional Targets

    Recon Of Additional VTEM Anomalies ProducedAdditional Priority Targets In Same Belt

    Aggressive Program Planned for 2009

  • 8/14/2019 Arctic Star's Providence Discovery

    11/57

    Regional Geology

    Mineralized Komatiite-Main Zone O.C.20m South of 08CR-23 Collar Location

  • 8/14/2019 Arctic Star's Providence Discovery

    12/57

    Komatiite Whaleback OutcropsUltramafic Valley

  • 8/14/2019 Arctic Star's Providence Discovery

    13/57

    PROVIDENCE

    Occurrences Of CSCS

    Bleeker, etal

  • 8/14/2019 Arctic Star's Providence Discovery

    14/57

    Providence Belt Area GeologyProvidence Belt /Central Slave Cover Sequence

  • 8/14/2019 Arctic Star's Providence Discovery

    15/57

    Regional Geology

    Providence Occurs Within the CentralSlave Cover Sequence (Bleeker, etal) CSCS

    Providence Contained In UltramaficSequences (Sills and Flows?)

    Basalt Hanging Wall Quartzite Foot Wall

    CSCS Lies Unconformably On Basement

    Gneiss

  • 8/14/2019 Arctic Star's Providence Discovery

    16/57

    CSCSStratigraphic

    Section(Bleeker,etal)

    Providence

  • 8/14/2019 Arctic Star's Providence Discovery

    17/57

    Arctic Star

    Providence Discovery

  • 8/14/2019 Arctic Star's Providence Discovery

    18/57

    Providence Discovery

    Geochem & Initial Geophysics

    Soil GeochemAnomaly

    Max-Min Lines&

    Colored Conductivity Image

    Proposed DDH

  • 8/14/2019 Arctic Star's Providence Discovery

    19/57

    Arctic Star Discovery Hole 08CR-10 Apri l , 2008

  • 8/14/2019 Arctic Star's Providence Discovery

    20/57

    Post Discovery Exploration2008 VTEM Survey

    & Ground Geophysics

  • 8/14/2019 Arctic Star's Providence Discovery

    21/57

    Credit Lake VTEM Block

    Providence

    Enlargement Area

    24 K ilometers

  • 8/14/2019 Arctic Star's Providence Discovery

    22/57

    Providence VTEM (100 m line spacing)

    B - Field Signatures (over colored magnetics)

  • 8/14/2019 Arctic Star's Providence Discovery

    23/57

    Credit Lake VTEM - Magnetics

    Providence

  • 8/14/2019 Arctic Star's Providence Discovery

    24/57

    Detailed Ground Magnetics Surveys

  • 8/14/2019 Arctic Star's Providence Discovery

    25/57

    ProvidenceDiscovery Area

    DetailedGround Magnetics

    Drill-Defined

    Mineralization

    +450m Strike

  • 8/14/2019 Arctic Star's Providence Discovery

    26/57

    ProvidenceProject Area Geology

  • 8/14/2019 Arctic Star's Providence Discovery

    27/57

    ProvidenceProject Area Geology

    Ultramafic Sequences

    Mafic Volcanics

    FeFms

    Mafic Volcanics

    FeFms

    Metasediments(Quartzite-Amphibolites)

    Area of Enlargement

  • 8/14/2019 Arctic Star's Providence Discovery

    28/57

    ProvidenceProject Area Geology

  • 8/14/2019 Arctic Star's Providence Discovery

    29/57

    Drilling

    Cross Sections

    08CR-12, 13, 14, 22

    08CR-17, 18, 19, 21

    08CR-23

    &08CR-24, 25

  • 8/14/2019 Arctic Star's Providence Discovery

    30/57

  • 8/14/2019 Arctic Star's Providence Discovery

    31/57

  • 8/14/2019 Arctic Star's Providence Discovery

    32/57

  • 8/14/2019 Arctic Star's Providence Discovery

    33/57

  • 8/14/2019 Arctic Star's Providence Discovery

    34/57

  • 8/14/2019 Arctic Star's Providence Discovery

    35/57

    Outcrop

    Mineralization-Outcrop

  • 8/14/2019 Arctic Star's Providence Discovery

    36/57

    Quartzite-Footwall

  • 8/14/2019 Arctic Star's Providence Discovery

    37/57

    Mineralogy

    Photographs & InterpretationsR.L. Barnett

    A ti St Di d C

  • 8/14/2019 Arctic Star's Providence Discovery

    38/57

    Arctic Star Diamond Corp

    Providence Ni-Cu-Co-PGM DiscoveryDDH 08CR-11, 140.7metersTypical Array of Pentlandite Fiamme Exsolved From Pyrrhotite

    100 microns

  • 8/14/2019 Arctic Star's Providence Discovery

    39/57

    Arctic Star Diamond CorpProvidence Ni-Cu-Co-PGM Discovery

    DDH 08CR-11, 140.7metersTypical Massive Sulfide Showing Distribution of Coarse Pentlandite on Pyrrhotite

    100 microns

  • 8/14/2019 Arctic Star's Providence Discovery

    40/57

    Arctic Star Diamond Corp

    Providence Ni-Cu-Co-PGM DiscoveryDDH 08CR-13, 101.1 metersZoned Iridium-Rhodium-Cobaltite in Pyrrhotite

    100 microns

    Arctic Star Diamond Corp

  • 8/14/2019 Arctic Star's Providence Discovery

    41/57

    Arctic Star Diamond CorpProvidence Ni-Cu-Co-PGM Discovery

    DDH 08CR-13, 101.1 metersZoned Iridium-Rhodium-Cobaltite-Shows Central Angular Grain of Cobaltite Surroundedby Outer Zone of Rhodium / Iridium

    100 microns100 microns

    Arctic Star Diamond Corp

  • 8/14/2019 Arctic Star's Providence Discovery

    42/57

    Arctic Star Diamond CorpProvidence Ni-Cu-Co-PGM Discovery

    DDH 08CR-13, 101.1 metersLarge Grain of Bismuth-Palladium-Tellurium

    100 microns100 microns

    100 microns

  • 8/14/2019 Arctic Star's Providence Discovery

    43/57

    SAMPLE 15-138.3mLINEAR DOMAIN OF UNALTERED OLIVINE ( BIREFRINGENT RED-YELLOW)WITHIN FOLIATED TREMOLITIC AMPHIBOLE, MG-CHLORITE TALC SCHIST. NOTE GROWTH OF

    AMPHIBOLE AGAINST THE DOMINANT FABRIC, BIFR YELLOW TOP LEFT.

    Credit Lake Block

  • 8/14/2019 Arctic Star's Providence Discovery

    44/57

    Credit Lake BlockAdditional Blue Sky Potential

    100 m grid

  • 8/14/2019 Arctic Star's Providence Discovery

    45/57

    Providence DiscoveryWestern Extension

    Western Extension(untested)

    Drill-Defined Mineralization+ 450 Meters Strike

    100 m grid

  • 8/14/2019 Arctic Star's Providence Discovery

    46/57

    DDH

    08CR-24,25

    Prov idence DiscoveryEastern Extension

    Max-Min Conductor ImageEastern Extension

    Untested Extension

    Proposed DDHs

  • 8/14/2019 Arctic Star's Providence Discovery

    47/57

    VTEM Block-West EndGeophysical Targets

  • 8/14/2019 Arctic Star's Providence Discovery

    48/57

    VTEM-Eastern Block Targets

  • 8/14/2019 Arctic Star's Providence Discovery

    49/57

    Providence Discovery Area

    Detailed Soil Sampling ResultsEastern End of VTEM Block

    Survey Block5 K ilometers E-W x 1 Kilometer N-S100 meter spaced lines, 50 meter stations

  • 8/14/2019 Arctic Star's Providence Discovery

    50/57

  • 8/14/2019 Arctic Star's Providence Discovery

    51/57

  • 8/14/2019 Arctic Star's Providence Discovery

    52/57

  • 8/14/2019 Arctic Star's Providence Discovery

    53/57

  • 8/14/2019 Arctic Star's Providence Discovery

    54/57

    Providence

    VTEM EM & Nickel In Soils Responses

    Nickel In Soils Anomalies

    Planned 2009 Exploration

  • 8/14/2019 Arctic Star's Providence Discovery

    55/57

    Planned 2009 Exploration

    Detailed TDEM & Magnetics Over DiscoveryArea For 3-D View of Mineralization

    Drilling New Targets at Providence DevelopedFrom TDEM

    Magnetic & Max-Min Surveys Over RegionalTargets From VTEM & Recon Discoveries

    Drill Regional Targets With Size Potential in Belt

    Additional Soil Surveys Within Belt

    In rastructureDeveloped Remote Deposits Canada

  • 8/14/2019 Arctic Star's Providence Discovery

    56/57

    Developed Remote Deposits - Canada

    Ore Value / Ton ($us-2009)

    Nanisivik$204.35 / ton

    Polaris$205.95 / ton

    Lupin$377.22 / ton

    Ekati$317.40 / ton

    Diavik$362.89 / ton

    Victor Pipe$107.33 / ton

    Raglan$335.81 / ton

    (w/out PGMs)

    Voiseys Bay$276.60 / ton

    (w/out PGMs)

    PROVIDENCE$273.74 / ton

    (w/ out PGMs)

    PROVIDENCEWinter Road AccessAvailable Backhauls

    Thank You

  • 8/14/2019 Arctic Star's Providence Discovery

    57/57