XAMA Mineral Property

Porphyry Molybdenum-Copper Deposit

Location: British Columbia, Canada

Commodities: Copper, Molybdenum

Available Terms: Lease Purchase Option

Price: Contact Vendor

NOT AVAILABLE

Summary

1960s: The discovery of the Endako orebody and its development by Placer Development Ltd. as a large open-pit molybdenum mine attracted several major mining companies into the region including Anaconda American Brass Limited (1966), Amax Exploration Incorporated (1967) and Cyprus Exploration Corporation, Ltd (1970).
1966: Anaconda American Brass Limited, acquired mineral claims (Owl Group) on the south side of the Nithi River valley as a follow up on regional silt and water geochemical survey anomalies in molybdenum and copper. A soil geochemical survey was conducted whereby 262 mainly B soil horizon samples were collected over a large 600 feet by 400 feet grid. Sporadic highs in copper, molybdenum, lead and zinc were found but with heavy metal concentrations principally associated with swamps (see, BC Assessment Report No. 01002).
1967: Amax Exploration Incorporated, acquired claims (Gel Group) to the east of Anaconda’s Owl Group based upon successful water and silt geochemical surveys that yielded molybdenum and copper anomalies. McPhar Geophysics Limited was contracted to conduct an Induced Polarization and Resistivity Survey (IP) over much of the Property (see, BC Assessment Report No. 01107). Several induced polarization anomalies were defined at 300 feet dipole spacing. One line was repeated at 500 feet dipole interval showing the IP effects to be notably stronger – this suggests that more concentrated metallic mineralization occurs at greater depth. A large soil geochemical survey was conducted and 2,500 feet by 5,000 feet area of anomalous soils with higher than 10ppm molybdenum were defined in the western half of the grid. A zone of moderately anomalous copper-in-soils was obtained in the extreme east of the grid area. Bulldozer trenching in the metals-in-soils anomalies showed the glacial overburden thickness to vary from two feet to in excess of 15 feet (average 10 feet). Widespread molybdenite mineralization, and in places chalcopyrite, was found in Casey granite and basic volcanic rocks (see, BC Assessment Report No. 01108)
1968: Anaconda American Brass Limited (Owl Group), conducted deep soil sampling (three feet deep, sampled every one vertical foot) on 200 feet spacing to determine copper, molybdenum, lead and zinc contents (see, BC Assessment Report No. 01216).
1969: Mercury Explorations Limited (N.P.L.), acquired a large block of mineral claims (Count Group) between Nithi Mountain and the claim holdings of Anaconda and Amax. Twenty-four miles of induced polarization survey locate a 7,000 feet by 1,000 feet anomalous zone that trends in an east-northeasterly direction. Drilling is recommended in five holes (see, BC Assessment Report No. 02368).
1970: Cyprus Exploration Corporation, Ltd. acquired a very large group of mineral claims to the northeast of XAMA. The scope and results of their work is not well known as there was little to no public disclosure.
1974: The NDP government enacted Bill #31, an extremely punitive mineral Super Royalty. This action resulted in most of the major mining companies leaving BC, including those in the Nithi and XAMA exploration areas. Exploration drill holes that had been recommended were never drilled.
1990 to present: Local prospectors Garry D. Bysouth and Gary W. Kurz acquired the Skip Group of claims over areas originally explored by Anaconda and Amax. Several small exploration programs, including: prospecting, self-potential surveys, soil geochemical surveys and percussion drilling short holes were conducted to 2012. See BC Assessment Report No’s: 21587, 22061, 24798, 28350, 29601, 32400 and 33221.
2014: KGE Management Ltd. (Gerald G. Carlson, President) and John A. Chapman acquired a large block of mineral claims surrounding the Skip Group owned by Bysouth and Kurz. The two properties have been combined as the XAMA property.

No Longer Available