Projects – Spy PGM-Ni-Cu (Yukon)

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Spy PGE-Nickel-Copper Project

Spy consists of 146 claims covering 3,135 hectares, located 70 kilometers (km) northwest of Haines Junction and 270 km northwest of Whitehorse. The project is located approximately 40 kilometres southeast of the Company’s Catalyst Project that adjoins Wellgreen Platinum’s advanced Wellgreen PGM-Ni-Cu project.

Spy Highlights

  • Mineralization along the contact varies from disseminated to massive sulfide lenses, with historic grab samples assaying as high as 75.8 g/t Pt, 7.9 g/t Pd, 7.0 g/t Au, 2.6% Ni and 10.45% Cu.
  • Mineralization occurs discontinuously over a strike length of 3.6 km along the base of the six kilometer-long Spy Sill, with a more continuous zone of massive and disseminated PGE, Ni and Cu mineralization over 950m of strike length. (1)(2)
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The Spy Project is situated in the Kluane Ultramafic Belt, a 600km-long sequence of igneous and sedimentary rocks extending through the Yukon from northern British Columbia into southern Alaska. The claims parallel the Alaska Highway that is seven kilometers to the northeast. Clastic sedimentary rocks and limestone of the Hasen Creek Formation are exposed along the northeastern portion of the property, and are intruded by late Triassic and possibly older mafic to ultramafic sills including the Spy Sill.

The 75-100m thick Spy Sill intrudes Hasen Creek siltstone for a minimum of 6 km along a northwest strike, and dips to the southwest. The central portion of the sill consists of peridotite, with gabbro at the top and at the base. Mineralization varies from disseminations to massive sulphide lenses (up to 2.0 x 0.25m) with associated PGM in the basal marginal gabbro phase and its contact with the Hasen Creek siltstone.

PGE-Ni-Cu mineralization occurs within and along the base of the 75-100m thick ultramafic Spy Sill where it intrudes the Hasen Creek siltstone. Mineralization along the contact varies from disseminated to massive sulfide lenses, with historic grab samples from the massive sulphide lenses assayed as high as 3.1 g/t Pt, 1.4 g/t Pd, 1.0 g/t Au, 3.1% Ni and 2.8% Cu from the gabbro, and 75.8 g/t Pt, 7.9 g/t Pd, 7.0 g/t Au, 2.6% Ni and 10.45% Cu, from the footwall siltstone. (2)

Highlights of historic Spy property samples

Showing Length (m) Pt+Pd+Au (g/t) Cu % Ni %
Spy 1 9.1 0.45 0.16
Spy Grab 90.7 10.5 2.6
Bugs 1 1.61 0.54 0.06
Bugs 1.6 1.68 0.76 0.06
Bugs 2.8 2.61 1.6 0.77
Including 0.9 5.54 3.66 1.44
Wylie 1 1.01 1.17 0.23
Wylie 1.7 1.26 0.97 0.3
Taz 0.3 2.51 0.39 0.1
Sweet 16 1 4.47 0.12 0.04
Spy South grab 2.5 0.38 0.20

Source: (3).

Sources:

(1) Morgan, T. 2008. Prospecting and geochemical report on the 2008 Spy project. Yukon Dept. of Energy, Mines and Resources, Yukon Mining Incentive Program, YEIP 2008-025, 21p.

(2) Bell, C. 1996. Report on 1995 geological and geochemical surveys on the Klu property. Yukon Dept. of Energy, Mines and Resources, Assessment Report #093371, 244p.

(3) Report on geological and geochemical surveys on the Klu property Yukon Dept. of Energy, Mines and Resources, Assessment Report #094164, Tulk 2000.

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