SPANISH MOUNTAIN
GOLD'S THUNDER
RIDGE
ARIS REPORT 31360
HAPPY
CREEK'S
(2010) ASSESSMENT
REPORT ON
GOLDEN LEDGE
(THUNDER RIDGE
NORTH)
The property
has had little
or no work done
to it until 2010
when Happy Creek
Minerals soil
sampled much of
the property for
gold and silver
and then drilled
six holes with
limited success.
Spanish Mountain Gold (SPA) owns the adjoining
property to the
south known as
their Thunder
Ridge Property
and has very
encouraging
drill results
(SC023) less
then 250m south
of the claim
line.
SPA's November
2010 released report
documents an
airborne VLF-EM
Geophysical
survey which
covers 75% of BC Mining
Properties
596446
mineral claim.
After examination of the reports along with
other associated data,
discreet but specific
magnetic
anomalies
(structures)
can be
interpreted and
may be extremely
useful in
determining
where and how this gold
deposit may lie.
Using an MI-HMG model (Measured Inline-Horizontal
Magnetic
Gradient)
several areas of
subtle intermediate
ranged (not mag
high or mag
low) magnetic
structures are
seen within the
geophysical
maps. After
careful plotting
and correlating
of all significant
gold and silver
(soil) anomalies
on 596446, a
pattern appears
in that the
peripheral edges
of these
predominately
north by
northwest
striking structures
which appear
to be coincident
to the anomalous
gold in soils.
I believe after reviewing this
document you
will see
correlations
between the gold
in soils and the
geophysical
structures and
drill results in
relationship to
these structures
The Measured Inline Horizontal Magnetic Gradient (MI-HMG) maps above
are correlated to drill
locations and
gold found in soil
samples. A
clear north by
northwest trend
of
mineralization
is apparent in
this model. A
less defined
trend of magnetics
(red) runs
north along the
east (west of
Deception Creek)
in the area of
DH 23 and 25
heading north.
I think it is IMPORTANT to note a couple of things. One
is that wherever Spanish
Mountain drilled
into or towards
one of these structures, they
almost always
struck gold.
With exception
of only a couple
instances, most
of the holes drilled are
consistent according to the
maps and drill
locations. The
second is that
SPA drilled all
of their holes in a
westerly
direction.
Happy Creek
pointed two
holes to the
east and two to
the west at the
southern end of
the property
closest to the
Thunder Ridge
claim
537095. The
two holes they
drilled at the
north end of the
property were
drilled in a
westerly
direction but
because the
survey did not
cover this area
the focus in
this report is
the southern 75%
of the claim
that is covered.
Another interesting observation is when SPA drilled away from or in an opposing
direction from
the magnetic
structures
identified in
the MI-HMG model, the assays and
intervals
reported were
weaker than
the closest previously
drilled holes
that were
drilled within
or penetrated
into an
anomaly.
Drill-holes
SC017 and
10SC027 depicted
in the diagram
below coincide
with this
theory.
What is
interesting
about SC017 are
the high-grade
intercepts at
approximately
130 - 140m.
These intercepts
are the
benchmark for
the Thunder
Ridge property
so far.
10SC027 was
drilled
approximately
50m east of
SC017 and
returned a
couple of decent
intercepts
between 23m -
43m and then
another 20m
intercept from
221m - 241m but
returned nothing
in the
high-grade gold
area on SC017 is
at between 130m
- 138m (7.5m @
8.84 gpt). My
interpretation
is that although
the general
trend for
mineralization
is plunging to
the NE, the
trend to finding
additional high
grade gold is
also to the NW
by following the
parameters of
the discrete
geophysical
structures
indentified in
the MI-HMG model
maps.
Coincidentally
the NW area has
never been
drilled.
Spanish Mountain
may have been
led in other
directions for
various reasons,
but now after
the results of
10SC027 coming
in a little week
and completely
missing the
high-grade I
think the
direction is
obvious. The geophysical
structure
(outlined and
shaded
predominately
green)
continues NNW
approximately
3km from SC017
and has numerous
anomalous gold
in soils plotted
for the entire
length of the
structure. At
the north end of
the structure
there are three
extremely
convincing soil
anomalies
ranging from
113ppb - 950ppb.
A second example, although somewhat different, but still supporting
the same theory,
pertains to
SC020 that when
drilled in 2009
did not
intercept
anything
meaningful as it
was drilled
outside of any
geophysical
magnetic
structure. In
2010 however,
10SC026 was
spotted east of
SC020 and
appears to have drilled
across the top
end of
a small anomaly.
The result on
this hole was 6.5m and 3.5m
intercepts of
low grade gold.
I highly suspect
if a third hole were to be spotted south
and drilled toward the
center of the
anomaly shown on
the map below,
the grades and
intervals would
increase
measurably.
Holes 17 & 27
and 20 & 26
A third
example is SC023
and 10SC025.
According to the
maps SC023 was
drilled within
the boundaries
of what is
measurably
closer to being
a magnetic high
but is still in
the lower end of
the high to low
scale. The
entire length of
the hole was
drilled within
this spectrum.
In 2010,
10SC025 was
spotted a
distance south
but most
importantly west of
the previous
hole. This
hole returned
lower grades
than SC023 as
the bit
progressed away
from the
magnetic
structure.
I appreciate
that in order to
prove this
theory two holes would
have to be
drilled from the
same locations
in opposing
directions. There are
however, too
many
coincidences on
too many holes
for it
not to be
very strongly considered.
Holes 23 & 25
Drill locations
correlated to
the VLF-QD Model
This VLF-QD
model above
(page 22
from 31360) appears
to be the
favored for geophysical
interpretation.
There are however,
no meaningful correlations
to gold values
in holes 17, 21
or 22
if interpreting
from the highs and lows
depicted in this
model.
Using the MI-HMG
model
seems to
be more
consistent with
any drill results to
date on the
Thunder Ridge
claim with the exception of
SC012.
If you
apply the same
logic to the
four holes drilled
by Happy Creek on
the southern
portion of 596446
the evidence
becomes even
more convincing.
All four
returned no
meaningful
results and were
drilled into
areas absent
from any
geophysical
structures as
depicted in the
MI-HMG model.
I think it is
also important
to note that at
the higher ranges
of the magnetics
(shaded in red using the MI-HMG
model) the gold
appears to be of
a lower grade
and generally
deeper in the
ground. In the lower
ranges (shaded
in green) the
gold is
generally a higher
grade and begins
to show at a
much shallower
depth.
What is most
encouraging is that both ranges are
returning good gold.
Examples
are
SC023 and SC017
(seen above).
If the QD
model is in fact the
chosen
model to
make
interpretations, then there may
be a 2 km x 1 km
band of gold and
silver lying
just north of
the property
line based on
the results of
SC023 and
10SC025 which
were drilled into
what appears to
be a magnetic
high. As
mentioned
earlier,
this model does not give an
interpretive
explanation for
the excellent
results in the
area of drill
hole SC017.
FYI:
Regardless of
which model
used, I believe
a band of gold
does lie north
of the claim and
more
specifically at
the top end of
the structure
where a single soil
sample returned
as assay of 1200
ppb gold.
This sample is
hugely anomalous
and must not be
overlooked.
In ARIS 31360
there is some
discussion about
how on one hole
they drilled in
to a high and
hit gold then on
the next they
drilled into a
low and hit
gold.
Locations of
28 anomalous
AU in soil
samples taken
in 2010
on 596446
Locations
and
direction of
drilling of
six drill
holes
drilled
(November 2010)
on 596446
Plotted on a
geophysical map
(from page 605
ARIS 31360) the
locations of Au soil
anomalies
ranging from
18.7 to 1200 ppb
and Ag anomalies
ranging from 3.5
to 10.1 ppm
+ Happy Creek
drill locations
in relationship
to the MI-HMG
magnetics
22 drill holes in
relationship to
the
MI-HMG
magnetics on
Spanish
Mountain's
Thunder Ridge
claim 537095
2009 Drill
Results
Spanish
Mountain
Thunder
Ridge 2009 & 2010
drill
results
2010 Drill
Results
(Published on
their website)
|
Drill
Hole |
From |
To |
Length
(m) |
Gold
(g/t) |
Silver
(g/t) |
|
10-SC-025 |
183.0 |
189.6 |
6.6 |
0.77 |
2.74 |
|
|
|
|
|
|
|
|
10-SC-026 |
42.0 |
48.5 |
6.5 |
0.45 |
1.84 |
|
10-SC-026 |
58.0 |
61.5 |
3.5 |
0.69 |
2.56 |
|
|
|
|
|
|
|
|
10SC027 |
23.2 |
24.1 |
0.9 |
2.06 |
4.50 |
|
10SC027 |
40.0 |
43.3 |
3.3 |
0.63 |
2.30 |
|
10SC027 |
221.0 |
241.0 |
20.0 |
0.77 |
19.76 |
|
includes |
239.0 |
240.0 |
1.0 |
1.97 |
100.00 |
|
|
|
|
|
|
|
|
10SC028 |
no
significant
intercepts |
|
|
|
|
|
|
|
|
10SC029 |
39.8 |
41.5 |
1.7 |
3.74 |
19.80 |
|
10SC029 |
71.0 |
76.0 |
5.0 |
1.11 |
1.99 |
|
includes |
74.6 |
76.0 |
1.5 |
3.45 |
2.50 |
|
|
|
|
|
|
|
|
10SC030 |
50.5 |
58.1 |
7.6 |
0.57 |
1.89 |
|
includes |
52.0 |
53.0 |
1.0 |
2.05 |
2.50 |
|
|
|
|
|
|
|
|
10SC031 |
43.0 |
97.0 |
54.0 |
0.77 |
4.54 |
|
includes |
44.0 |
45.0 |
1.0 |
19.15 |
83.80 |
|
includes |
47.5 |
49.7 |
2.2 |
2.2 |
19.48 |
|
includes |
82.7 |
86.0 |
3.3 |
1.99 |
3.24 |
2010 Drill
Locations
(website)
Spanish
Mountain
Thunder
Ridge 2010 drill
location map
ARIS REPORT 31360
This of off of
SPA's website
with regards to
the latest
conclusions
after the latest
round of
drilling on
Thunder Ridge
Oct 21,
2010
Highlights of Drilling Results Include:
New
extension
to
gold
system
suggests
exploration
potential
in
areas
lacking
geochemical
signatures
I
thought
this was
an
interesting
highlight
and
goes
to
support
many
of my
comments
pertaining
to
this
property
What went wrong
in 2010?
Upon
reviewing the
data, it is
evident that
recent drilling
on 596446 has missed
the mark.
With proven
gold at your
doorstep I
believe a
narrowly-spaced
fence should be
drilled across the
property to give
you an
indicative path
of the trend of
mineralization
regardless of
any geophysical, geological
or geochemical interpretations.
Once you have
done that, you
can then
determine if the
science makes
any sense.
Only two of
the six drill
holes put down
managed to come
within a 100m
proximity to any
of the AU soil
anomalies
(ranging from
18.7 ppb - 1200
ppb). As
well, none of
the holes
drilled were
near the
peripherals of
any geophysical
structures.
Here is a
quote from
Spanish
Mountain's ARIS
Report 29139:
Soil samples
were collected
by digging with
a mattock to a
depth of 30 to
50 cm. Soil
samples were
shipped directly
to Acme
Analytical Labs
in Vancouver.
Here is a
quote from Happy
Creek's 2010 AR
Report:
The B or C
horizon soil
samples were
collected from
depths of
approximately 25
to 35
centimetres
depth, at at 50m
spacing...
An approximate
sample depth was
15 - 20cm. The
samples were
placed in labeled Kraft
paper bags and
hung and dried
for a week to 10
days. Soil
samples were
packed into rice
bags and
shipped...to
either AGAT or
Acme Analytical
Laboratories in
Vancouver.
Think about
it... Two
completely
different
procedures and
protocols with
different
results. It all
makes sense when
you consider
Spanish Mountain
who returned a higher
frequency of
anomalous soils
but did not see
highs any where
near (1200
ppb). Their samples
were being dug
to almost twice
the depth of
Happy Creek's.
The highest
sample taken on Spanish
Mountains 593095
was 532 ppb in
2006. This
sample was taken
at 5761300N. A
second highly
anomalous sample
of 320.6 ppb was
taken 50m due
north at 5661350
and then a
third sample 50m
due north of
that at 5761400
returning 69.2
ppb Au.
That's 150m of
highly anomalous
gold running
vertically
approximately
500m south of
the 596446 claim
line.
Unfortunately
that is where
the 2006
sampling grid
cam to an end.
Another
interesting
point is with
regards to what
the expectation
was with grading
of the anomaly.
Note the
Legend at the
bottom of
Spanish
Mountain's soils
grid map (2006
report - ARIS 29139):
Now note Happy
Creek's Legend
at the bottom of
the Soils grid
map (2010 AR
Report)
It seems that
what would be
considered
highly anomalous
by Spanish
Mountain
(anything over
51.5 ppb) would hardly
would warrant a
look by Happy
Creek as
anything under
150 ppb was ranked
at the bottom of
their scale.
Considering
that Happy's
samples were
coming from a
depth of closer
to half that of
SPA, it is not
surprising at
all that they came
back with less
than half the
frequency of
anomalous gold.
Overall 537095
returned
approximately 28
samples ranging
from 100 to 532
ppb. 596446
returned only 8
samples in the
same range from
113 to 1200 ppb.
If all was equal
and Happy's
samples were dug
to the same
depths a SPA's I
think a case
could easily be
made that the
probability for
even
higher-grade
gold than what
has been seen on
the Thunder
Ridge property
exists on
596446..
FYI: I have
read many
reports and it has
always been my
understanding
that in the
Caribou Region
where overburden
is generally
very deep that
anything below 5
ppb AU would be
considered
background and
anything above
20 ppb would be
considered
anomalous.
Over 50 would be
highly anomalous
and anything over
100 ppb is
considered hugely
anomalous.
One last
point pertaining
to soil
sampling.
I have referred
only to SPA's
2006 report
29139 which gold
from 499 soil
samples ranging
to 532 ppb AU.
In the most
recent report
31360 conducted
in 2009 but
released
November 04,
2010, SPA did a
continuation
sampling from
the 2006
"Detail" grid in
31360 extending
the already
sampled area
toward the
property line to
the north and to
the east and
west so they in
attempt to
effectively
extend their
drilling
coverage using
soils as it
appeared to
still be the
best tool
available and they
clearly had some decent
results so far
using this
science. What is
curious to me
about the
results is they
(SPA) pretty
much got nothing
back out a
couple hundred additional
samples (within
the 593095 claim area).
When you read
the report, it
states:
"Samples
were collected
digging a hole
using a tree
planter to
approximately
30cm" My bet is
a different
person dug these
samples, and did
not dig as deep
as the 2006
program which
quotes digging
30 - 50 cm deep.
Amazingly, the
results look
much like HPY's
results on
596446.
The highest
result was 266
ppb with the
second highest
being 100 ppb
with most being
within the
expected ranges.
What I find
amusing in all
of this is that
in the areas of
drill-holes
SC021, SC23 and
immediately
north of SC017,
they got NOTHING
in soils. These
are some of
SPA's best
holes! Then to
top things off I
see the
following
statement as one
of the
highlights on
SPA's website
after their
latest round of
drilling:
"New
extension to
gold system
suggests
exploration
potential in
areas lacking
geochemical
signature".
What does
that tell you?
It tells me that
although soils
are a useful
tool, they are
not the be all
and end all.
It also tells me
that different
soil sample
programs will
produce
different
results.
In this case;
we have three
different
programs 2006,
2009 & 2010
conducted most
likely at three
different times
of the year, dug
to three
different depths
(according to
the reports),
assayed by three
different labs
(ACME, Echo-Tech
& AGAT) and then
analyzed by
three different
geologists all
of which you
know darn well
all have
different
philosophies
interpretations
and
expectations.
I think I
have made my
point with
regards to the
consistency in
the science of
soil sampling.
Part of the
lack of success
in HPY's 2010
work program may
also be related
to the
frequencies and
levels of
anomalous silver
and too high of
an expectation
for the levels
of gold in the
soils. I
know for a fact
that the belief
was that the
silver would
eventually lead
them to
the gold and I
am pretty sure
they were not aware of the
geophysical information
coming off
confidential (2010-11-04) from within
ARIS Report
31360. The word
"geophysical" is
not mentioned
their report.
This
information is
clearly a gift
even though it
is a tough one
to interpret.
What also may not
have been
taken into
account on HPY's
part is that
silver is quite mobile. Gold on
the other hand
gold does not move
around much. That
being the said; the location
where you find
gold in soil is
most likely close to
its source. When
you find silver
in soil; you
need to
ask the
question; "how
it got there?"
If drill
results or lack
of are proof
in the pudding
and being that
no gold or
geophysical anomalies were
drilled, the
result is not
surprising.
I believe the chances
of the
gold
mineralization
Thunder Ridge
Property (less
than 250m to the
south)
effectively
ending at the
claim line of
596446, is
very slim. I
also believe the chances
of coming up
short on a drill
program after
not giving gold
in soils
(ranging to a 1200 ppb) the
merit they deserve, not
utilizing
valuable data from a
neighboring
geophysical
report and drilling in areas
absent from any
anomalies
other
than silver
increases the
probability of
failure...
exponentially.
Mineral
Claim 596446
via Google Earth
Lay
of the land view (support
the migrating silver
theory)
Recommendation
My
recommendation
would be a
16-hole
drill
program
covering
many of the
anomalous
areas I
have
identified.
I would
fly the top
portion of
the claim
and piece
together the
missing
geophysical
data in this
area if
practical.
The three soil samples
in this
area range from
113 - 950
ppb AU and may be convincing
enough to
justify
drilling
ahead
without it. I would at
least
resample and map the
immediate
area
surrounding
these anomalies to
better
insure
drilling
success.
Please
see the individual
links below. They were
the data that
was available to
me prior to
Happy Creek's
report which
came to me and
was filed with
MTO on February
11th, 2011.
If in doubt;
refer to the
actual report
because there
are some
discrepancies.
On a side
note and
with all due
respect to
Happy Creek
Minerals; I
think they
are a very
good company. I just
believe they
missed big
on this one
and do not
want this property
which I view
to have the
potential to
become the
other half
of the
Thunder
Ridge Gold
Deposit painted with
the wrong brush
in spite of
an unsuccessful
work
program.
Many great
properties
have taken
as many
attempts
before they
proved out
to be
winners.
Eskay Creek
is a
perfect
example.
"SMALL
OPPORTUNITIES
ARE OFTEN
THE
BEGINNING OF
GREAT
ENTERPRISES"
The eastern
portion of the
property also remains
unexplored
OTHER (DATED)
BUT IMPORTANT
INFORMATION
SPANISH MOUNTAIN GOLD
ARIS REPORT 30377
