BRITISH COLUMBIA – Chieftain Metals of Vancouver has spent the last six months compiling and interpreting over five decades of historical data from the Tulsequah volcanogenic massive sulphide property. As a result of the re-interpretation, the company has identified a number of significant, key volcanic features that appear to control the distribution of the VMS mineralization.
The new geologic models points toward several untested extensions to the known Tulsequah Chief and Big Bull VMS zones that occur within tightly folded, fault controlled paleotroughs running parallel to the margins of two newly discovered and regularly spaced sub-basins. A number of precious and base metal bearing mineral occurrences that are underexplored and that also occur within local felsic volcanic settings that are of interest because they bear similarities with the known VMS deposits.
Chieftain believes that these important control structures trend to the north of the existing Tulsequah land package and accordingly has recently added over 16,000 ha for a total holding of over 30,000 ha. The strike length of Chieftain's Tulsequah camp has now been extended from 20 km to over 43 km to include highly prospective, underexplored and appropriately spaced felsic volcanic domes that appear to be directly associated with historic high grade precious and base metal showings. The enlarged camp will be identified as the Tulsequah Shazah Camp.
The Tulsequah and Big Bull deposits contain 6.3 million indicated tonnes grading 1.38% Cu, 1.23% Pb, 6.32% Zn, 2.64 g/t Au and 98.1 g/t Ag or a zinc equivalent of 17.57%. The inferred portion totals 1.8 million tonnes grading 0.70% Cu, 1.53% Pb, 5.26% Zn, 2.54 g/t Au and 117.2 g/t Ag or a zinc equivalent of 15.33%.
Details are available at ChieftainMetals.com.