Corporate SummaryBlind Creek Resources is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Yukon, NWT and British Columbia, Canada. The Company's current focus includes the development of a silver-lead-zinc resource at the Blende Project in the Mayo Mining District, Yukon, one of the largest un-developed Pb-Zn-Ag deposits in Western Canada. In the Northwestern British Columbia Atlin region, the Company has recently acquired, enlarged and commenced exploration at the fully-permitted and historic high-grade Engineer Gold Mine property.
The wholly-owned, winter-road accessible Blende Property comprises 260 Quartz Mining Claims (5,346 ha) situated 63 km north of Keno Hill Mines, Yukon (past production of 437 M lbs of Zn, 711 M lbs of Pb and 214M oz Ag between 1913 -- 1990; R.J. Cathro et.al., 2006). The Blende property has seen >$9.2M in past exploration work ($5.2M by Blind Creek) that includes 24,334m drilling in 125 drill holes. Zinc, lead and silver mineralization occurs in four main areas on the property. Billiton (1991) calculated a historical open pit resource prior to NI43-101 of 19.6Mt averaging 3.04% Zn, 2.80% Pb and 56 g/t Ag* (shallow, sulphide-only), representing 1.3B lbs of Zn, 1.2B lbs of Pb and 35.3M oz of Ag.
*The above mentioned estimate does not conform with National Instrument 43-101. Neither Blind Creek nor its consultants have completed sufficient work to verify the Historical estimates and these should not be relied upon for investment decisions. The estimates are referred to as Historical Resources. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, the Company is not treating the historical estimate as current mineral resources or mineral reserves and the historical estimate should not be relied upon.
Exploration work to date suggests the Blende property could potentially support a higher-grade, combined open pit / underground mining operation with additional exploration and resource development. Past drilling at Blende indicates an overall grade increase at depth, and that the deposit remains open along strike and at depth. In 2017, Blind Creek intends to conduct an exploration program at Blende that will include additional metallurgical studies, geochemical analyses, geological mapping, sampling, geological modeling, step-out and down dip drilling and resource estimation. Results will be documented in a NI43-101 technical report and provide the basis for a PEA (Preliminary Economic Assessment) study.
On March 3, 2017 Blind Creek announced the Company had acquired a 100% interest in the fully-permitted, historic high-grade Engineer Gold Mine and mill, situated 32 km southwest of Atlin, B.C. Engineer Gold mine hosts a "Porgera-style" epithermal gold system that produced 18,000 ounces gold and 9,000 ounces silver averaging 39 g/t Au and 18 g/t Ag, respectively, from 2 veins in the 1920's. The property is known to host > 25 veins and 2 major shear structures and has seen limited surface exploration for additional gold mineralization. Past work by BCGold Corp. was focussed primarily on test mining, bulk sampling and a near-term production opportunity on the Engineer Vein.
BCGold spent >$4.7M in exploration at Engineer Gold Mine between 2006 and 2017. In 2011, BCGold commissioned SNOWDEN to calculate a NI 43-101 Inferred Resource (open to expansion) with 20,100 oz. gold grading 1.75 oz/ton gold (60 g/t) in 10,400 tonnes at 25 g/t Au Cutoff on Engineer Vein.
The property has >8 km of untested, 2nd order shear structures known to host large bodies of hydrothermal breccias with gold and silver mineralization on the property. Work to date has defined a 1.0 km X 0.5 km coincidental gold-silver-arsenic-antimony soil, magnetic and resistivity anomaly immediately south of the mine workings, adjacent to a 400 metre long segment of mineralized breccia known by previous drilling to average 0.45 g/t gold over 35 metres wide on Shear Zone "A". Numerous large, untested Au-Ag-As-Sb soil geochemistry anomalies open to north and south. The Engineer Gold Mine property is adjacent to and now incorporates Blind Creek's Wann River Property to the south, where past work has defined an 800 meter by 180 meter corridor containing precious metal enriched multi-phase quartz veins and stockworks with minor associated base metal mineralization.
Blind Creek has engaged Darren O'Brien, P.Geo. to update the Engineer Mine Property NI43-101 report, and recently announced plans to conduct a 2017 exploration program consisting of soil geochemical surveys, trenching, geological mapping, sampling and diamond drilling at Engineer Gold Mine. The Company is also assessing the small-scale mining and gold production opportunity previously defined by BCGold.