TSX-V: SIR

Projects

Overview

Property

The property comprises one claim title covering 838.8 hectares; 30 kilometers north of Kemess within the Toodoggone Mining Camp.

Location

Toodoggone Region, Omineca Mining Division of north-central British Columbia, Canada, 30 km north of Kemess and 12 km northwest of the Pine Au-Cu porphyry deposit.

Summary

Historical assessment work by Stealth Minerals in 2004 identified several areas of interest on the current claim.  The property was previously part of Stealth Minerals Nub Mountain & Sickle Properties and was surveyed by a large soil and rock sampling program in 2004. No drilling or IP geophysics has been carried out on the property however Serengeti recently completed an aeromagnetic survey over the property which has identified several targets of interest. Nub was acquired by Serengeti in April 2015.   

Ownership

Serengeti Resources Inc. 100%

Plans Moving Forward

Serengeti recently completed an aeromagnetic survey over the property that has highlighted several targets including a circular magnetic high anomaly central in the claim block.  Serengeti intends to conduct ground-based geophysical surveys in the future to aid in target delineation.  

Location and Infrastructure

The Nub Mountain property is located within the Omineca Mining Division of north-central British Columbia, Canada, 30 km north of Kemess via the Omenica Resource Access Road. Kemess hosts an airstrip and 400 person camp and is connected to the BCHydro grid by a 280km long transmission line.

History

The Nub Mountain area and surrounding Toodoggone region was initially explored by companies such as Cominco and Kennco in the 1960’s, who recognized the region as an important epithermal and porphyry district. During this time the Nub Mountain area was initially explored for its epithermal potential similar to the Baker, Shasta and Lawyers mines. In the 1990’s, Romulous Resources completed work south of the Nub claims on the Northwest Breccia zone while working on Pine exploration. Major programs including soil and rock sampling and geologic mapping occurred during two years of in depth first pass exploration by Stealth Minerals between 2004 and 2007. No drilling was ever completed after this program, however the area was identified as being amenable to hosting porphyry Au-Cu systems. Serengeti Resources staked the Nub claim in 2015.

Property Geology

Nub Mountain occurs within volcanic arc assemblages of the Stikine Superterrane. Basin sediments and volcanics of the Permian Asitka Group are overlain by andesitic volcanosedimentary sequences of the late Triassic Takla Group, superimposed by alkaline volcanic arc assemblages of the Early Jurassic Hazelton Group. Intruding Mesozoic volcanic arc rocks are plutonic phases of the Black Lake Group – Jock Creek pluton, which are coeval with Hazelton Group – Toodoggone Formation extrusive volcanics and related basin-fill sediments.

Stratigraphy in the area generally dips to the southwest, however thrust-faulting and northwest-striking horst-and-graben block faulting along time-transgressive structures creates a complex structural scenario. Regional-scale faulting in the area is apparent at the property level, evidenced by the Black Lake Fault which shows dextral east-side down movement, creating a complex fault system which is believed to facilitate hydrothermal activity along the corridor.

Mineralization at Nub is generally focused along fault structures with associate hydrothermal alteration and occurs as gold-bearing argillic and advanced argillic assemblages. Alteration and mineralization style represents a transitional high – low sulphidation mineralized system, indicative of porphyry – epithermal environments.

 

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