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Monitor - Arizona, USA |
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The Monitor
copper-silver property is located in the Dripping Springs Mountains,
approximately five km northeast of Grupo Mexico’s Ray porphyry copper mine,
15 km southeast of the newly discovered Resolution porphyry copper discovery
of BHP/Kennecott, and 100 km east
of Phoenix, within Pinal County, Arizona.
The Monitor project consists of 91 unpatented lode claims (700.2 ha.)
controlled by the Company and 11 State of Arizona State exploration leases
(1,367.7 ha.), totalling 2,067.9 ha.
Field work by the Company including geological mapping, structural analysis, geochemical
sampling and the
Self-Potential geophysical survey indicate the possibility for the presence
of a deep sulfide porphyry system. The property was joint ventured to Teck
Cominco American Inc. and in November 2005, TCAI carried out a six hole,
5,445.5 foot (1660 m) diamond drill program designed primarily to test for
shallow mineralized structures and not the deeper porphyry copper target.
The Company's deep porphyry target remains untested.
TCAI completed both IP and magnetic geophysical programs and concluded that
the large magnetic high in the southern portion of the property may represent a
buried intrusive with an estimated depth to top of 350 m to 500 m. Three
lines of IP identified two anomalies adjacent to the magnetic high which
were interpreted as possible porphyry targets by TCAI. While TCAI terminated
the joint venture agreement their final report recommended that these two IP
anomalies be drill tested for porphyry style mineralization. The drill holes
should be vertical and drilled to a minimum depth of 400-600 meters.
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Project Highlights:
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Located immediately adjacent to the Ray Mine and just
south of the Resolution discovery (both +1 billion ton deposits)
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Untested porphyry copper drill targets developed by Teck
and HDG
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Teck final report recommended additional drilling for
deep porphyry system
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Large land position surrounded by Teck, Phelps
Dodge, and Asarco
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Click on image to enlarge |
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Monitor Regional
Setting |
Monitor
Schematic Section |
Monitor IP Anomalies |
Monitor IP
Targets |
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