TSX-V: SIR

Projects

PropertyThe property hosts strong quartz-sericite-pyrite (QSP) alteration associated with copper-gold mineralization and favourable coincident magnetic and IP signatures.
LocationStikine River region, Liard Mining Division of northwestern British Columbia, Canada, 8 km north of Iskut within the Golden Triangle.
SummaryRCN was staked in 2013 by Serengeti due to recent discoveries in the area by other operators, and based on a detailed review of regional magnetic data, RGS geochemical Cu results and a number of Minfile occurrences reporting Cu-Au mineralization. Serengeti has since identified a strong quartz-sericite-pyrite alteration zone on the property coincident with copper-gold mineralization and linear magnetic anomalies.
OwnershipSerengeti Resources Inc. 100%

Plans Moving Forward

Serengeti recently completed an aeromagnetic survey over the property that has highlighted several targets including two linear magnetic anomalies, one of which is coincident with a quartz-sericite-pyrite (QSP) zone and copper-gold mineralisation identified by Serengeti in 2014, and appear to exhibit similar orientations to those hosting high grade gold-silver-polymetallic mineralisation at other properties in the area. Serengeti intends to offer the RCN property for sale or joint venture and interested parties are encouraged to contact Serengeti.

Location and Infrastructure

The RCN property is located within the Liard Mining Division of north-western British Columbia, Canada, 8 km north of Iskut. The claim block is road accessible from the Stewart-Cassiar Highway 37 which runs through the west side of the property, and a 4x4 accessible road from the highway grants access to the southern portion of the property. To the far east of the property access is most easily gained by helicopter, staging out of the nearby Bear Paw Ranch or Iskut Village.

History

The RCN property is a relatively new target which remained unstaked until Serengeti acquired the claims in 2013. From 2013-2014, Serengeti completed prospecting, reconnaissance mapping, geochemical sampling and IP surveys on the property. An aeromagnetic survey was completed in 2017 which displays several linear magnetic anomalies coincident with quartz-sericite-pyrite alteration and copper-gold mineralization previously identified by Serengeti.

Property Geology

RCN occurs within an assemblage of Devonian to Triassic rocks of the Stikine Terrane, which are favourable for porphyry-style copper-gold mineralization (Schaft Creek, Galore Creek, GJ, North Rok, Rok Coyote, Kemess, Red Chris). The property is underlain by marine sedimentary and volcanic rocks of the Permian Stikine Assemblage which are intruded by the late Triassic Beggarly Creek intrusive suite. Stikine Assemblage rocks are flanked by volcanic arc units of the Jurassic Hazelton Group southwest and northwest of the property. RCN hosts a well-developed NW structural trend - evident in kilometre-scale linear topographical features, regional faults and local-scale mineralized structures, which are evident in recent geophysical surveys on the property.  

Geological observations from the 2013 and 2014 field programs note that property geology is much more complex than is outlined in regional geological compilations. The 2014 program explored a small area in the west-central portion of the property where Beggarly Creek granodiorite - monzodiorite intrude fine sediments and volcanic rocks of the Stikine Assemblage. Copper mineralization occurs as chalcopyrite and bornite, and is hosted within chloritic quartz-sericite-pyrite altered volcanic rocks adjacent to intrusive contacts. Rock samples of quartz-sericite-pyrite altered monzodiorite from 2014 returned favourable copper results (Table 1) coincident with magnetic features identified in 2017.

DescriptionSample TypeCu %Au g/t
Quartz-sericite-pyrite altered volcanicOutcrop grab0.971.38
Quartz-sericite-pyrite altered volcanicOutcrop grab0.064.13
Quartz-sericite-pyrite altered volcanicOutcrop grab0.601.37
Quartz-sericite-pyrite altered volcanicOutcrop grab0.400.61

Table 1: RCN Rock Sampling Highlights 2014

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