01.06.2013 Views

Wellgreen Project Preliminary Economic Assessment ... - OTCIQ.com

Wellgreen Project Preliminary Economic Assessment ... - OTCIQ.com

Wellgreen Project Preliminary Economic Assessment ... - OTCIQ.com

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

7.2.3 NORTH ZONE<br />

The North Zone is located in the east-central portion of a narrow 1,200 m long sill<br />

positioned approximately 150 m below the main ultramafic unit. It was discovered by<br />

Hudson Yukon Mining in the 1950s and explored in 1987 with three drillholes by All-<br />

North. All of these drillholes intersected mineralization, and the best reported<br />

intersection was 0.51% copper, 2.01% nickel, 0.96 g/t platinum and 0.65 g/t palladium<br />

over a core length of 3.4 m. The geology of this zone is similar to both the East and<br />

West Zones. Mineralization consists of massive sulphide lenses, disseminations in<br />

gabbro and ultramafic rocks, and as fracture fillings in footwall quartzite. The North<br />

Zone was tested in 1988 by limited drilling and was determined to have a northerly dip.<br />

This will make it difficult to adequately explore from the surface through drilling from the<br />

south, as has been done with the other zones on the Property. To-date, the North Zone<br />

appears to be a thin and discontinuous zone, but represents an interesting area of<br />

nickel-copper mineralization that warrants further work.<br />

7.2.4 MINERALS<br />

Table 7.1 to Table 7.3 after Cabri et al. (1993) lists the opaque minerals and PGM<br />

and PGE-bearing minerals found in the deposit. The elevated presence of rhodium,<br />

ruthenium, iridium, rhenium, and osmium within the mineral suite provided additional<br />

pay metals. If recoverable they could enhance the economics of an operation in the<br />

district.<br />

Rhodium is present at <strong>Wellgreen</strong> in anomalous concentrations as <strong>com</strong>pared to the<br />

concentrations found in Noril’sk ores in Russia (Hulbert 1997).<br />

Table 7.1 Opaque Minerals Observed in the <strong>Wellgreen</strong> Deposit<br />

Major Minerals*<br />

Pyrrhotite Fe1-xS<br />

Pentlandite (Fe, Ni)9S8<br />

Chalcopyrite CuFeS2<br />

Pyrite FeS2<br />

Magnetite Fe2O4<br />

Ilinenite FeTiO3<br />

Less Common to Rare Minerals*<br />

Violarite FeNi2S4<br />

Sphalerite (Zn,Fe)S<br />

Chromite FeCr2O4<br />

Cobaltite** CoAsS/NiAsS<br />

Arsenopyrite FeAsS<br />

Ulimannite NiSbS<br />

Siegenite argentopentlandite (Ni, Ag(Fe,Ni)8S8<br />

table continues…<br />

Prophecy Platinum Corp. 7-10 1193460500-REP-R0001-02<br />

<strong>Wellgreen</strong> <strong>Project</strong> <strong>Preliminary</strong> <strong>Economic</strong> <strong>Assessment</strong>,<br />

Yukon, Canada

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!