Moffat Property

Overview

The 4,090 hectare, Moffat Property is an exploration stage alkalic porphyry copper-gold prospect that is accessible by vehicle. The property is located in the Cariboo Mining Division in south-central British Columbia, approximately 56 kilometres east of Williams Lake and 35 kilometres northeast of the village of Lac La Hache which is serviced by BC Rail, BC Hydro and Westcoast Transmission natural gas.

The claims cover the northeast portion of a prominent airborne magnetic anomaly within the Quesnel Terrane. The Quesnel Terrane is host to several large tonnage copper-gold porphyry deposits including New Gold’s Afton Mine, Imperial Metals’ Mount Polley Mine, Taseko’s Gibraltar Mine and Centerra Gold’s Mount Milligan and Kemess Mines.

The majority of the Moffat property is underlain by Late Triassic to Early Jurassic intrusive rocks of the Takomkane Batholith with lesser Late Triassic volcanic rocks of the Nicola Group. The presence of widespread Quaternary glacial deposits and alluvium across the property obscures outcrop exposures and as a result outcrop is sparse. Copper mineralization consisting mainly of chalcopyrite has been observed in outcrop on the property and historical rock sampling has returned rock samples with anomalous copper, gold and silver.

History

Exploration for copper porphyry deposits in this area began in the 1960’s following the discovery of the Cariboo-Bell porphyry copper deposit. In 1988, Tide Resources Ltd. completed an airborne magnetic survey and VLF-EM survey over the property and in 2011 Fjordland Exploration Inc. completed an exploration program consisting of soil geochemistry, IP geophysical surveys and diamond drilling on the eastern portion of the property. The 2011 soil geochemical and IP geophysical surveys identified numerous coincident copper-molybdenum-gold in-soil anomalies in addition to an area of anomalous IP chargeability. Diamond drilling in 2011 targeted IP chargeability anomalies with 2 holes, DDH-MOF-02 and DDH-MOF-03, encountering anomalous copper-gold mineralization and hydrothermal alteration that is consistent with proximal porphyry type assemblages.

Exploration Target

The presence of a large, open-ended IP chargeability anomaly and anomalous “down-ice” soil geochemistry, the margin of which historical drilling encountered propylitic and potassic alteration and associated anomalous copper-gold mineralization, forms the basis for future exploration by PEMC.

Subscribe to our Email List