Tak Property

Overview

The Tak Property is an early exploration-stage alkalic porphyry copper-gold-silver property, located in north-central British Columbia, that was acquired 100% by PEMC through staking. The Tak Property lies within the Quesnel Terrane, an accreted terrane consisting of upper Triassic to lower Jurassic island arc volcanic rocks that are overlain by Jurassic arc derived volcanic and clastic rocks.

The claims straddle the contact between volcanic rocks of the Takla Group and Twin Creek Succession and intrusive rocks related to the Hogem Intrusive Suite. The Twin Creek Succession is comprised of heterolithic lapilli tuffs, plagioclase-augite and plagioclase+/-quartz porphyritic flows and agglomerate/tuff breccias. Takla Group rocks of the Witch Lake Succession are characterized by andesitic augite (+/- plagioclase +/- hornblende) porphyry agglomerates, lapilli tuffs and epiclastic sediments; trachyte flows and tuff-breccias; andesite plagioclase (+/- augite) porphry latite flows and agglomerates. Intrusive rocks of the Hogem Suite consist of equigranular to porphyritic monzonite, quartz monzonite, granodiorite, monzodiorite and diorite. Along the contact a hybrid zone of metasomatized volcanics of the Twin Creek succession and monzonite, syenite and granodiorite phases of the Hogem Suite have been mapped.

Historic work by Noranda Exploration Company, Imperial Metals, Eastfield Resources, Rio Algom and Placer Dome outlined a significant gold in soil anomaly with coincident anomalous copper values. Rock chip sampling has identified robust copper, gold and silver values associated with potassic alteration overprinting widespread propylitic alteration. PEMC has compiled and digitized all available historical work and robust exploration targets have been identified based on available geophysical, geochemical and geological data.

Work History

Copper-gold-silver mineralization on the property was originally discovered by North Star Exploration Ltd. in 1966. Since that time the property has seen historical exploration that includes stream, soil and rock geochemical surveys, induced polarization surveys, airborne geophysical surveys, geological mapping and limited diamond drilling (3 holes).

Mineralization, as reported, consists of finely disseminated pyrite in volcanic rocks which is marked by the development of gossans. Chalcopyrite mineralization is described as occurring within fractures cutting intrusive bodies and as disseminations, stringers and fillings within a few metres of such structures. Minor bornite has been noted by previous operators. Alteration has been described as epidote ± chlorite ± pyrite associated with breccias and fracture zones, possibly related to localized intrusions.

During 2017, a reconnaissance exploration program consisting of rock sampling and evaluation of access and logistics was completed.

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