CMC 100% owns the Logjam property (32 claims, 662 hectares), located in south-central Yukon. The property is comprised of a high-grade polymetallic deposit in no less than 10 veins containing gold, silver, lead, zinc, and to a lesser extent bismuth, copper, antimony and tungsten. The mineralization is thought to be associated with the Logtung intrusive stock that is host to one of the largest undeveloped tungsten-molybdenum porphyry deposits in the world on a neighboring property. However, this suggests that the mineralizing system is potentially world scale in size and merits considerable exploration to determine the potential for a significant deposit at Logjam.
Recent sampling provided a best grab sample of 7.5 g/t and 3.7 g/t gold with silver values over 1,000 g/t and over 10% zinc from the #5 and #6 veins.
The property has been subjected to historical exploration most of which was conducted in the 1980’s and resulted in:
- Development of an access road to site;
- An historical non 43-101 compliant reserve of 70,144 tons grading 3.02 g/t gold and 392.2 g/t silver estimated in 1979.
- Significant portal development comprising of two adits (at the 5150 and 5600 levels) with 701 meters of underground development from which it is recommended that the 5150 portal be used to conduct further exploration drilling; and,
- 2,971 meters of drilling.
In 2020 CMC is planning to rehabilitate the access road, conduct an evaluation of the 5150-level portal to plan for underground drilling in 2021 and beyond, conduct more detailed prospecting and geological mapping of the property, rehabilitate the camp and conduct progressive reclamation activities. Logjam remains underexplored and has considerable upside exploration potential.
- January 31, 2019Assessment Report
October 10, 1986Prospectus