Menu
Richard Kern, President and CEO of Great Basin Resources
The magnetic data suggests a large caldera system with Ring Stocks and limited radial structure. The host resistivities are reasonably uniformly high with the altered resistivities considerably lower and the data suggest two possible Copper target types; a shallow oxide source and a deeper porphyry source that intersects directly onto a portion of Freeport McMoRan’s Tyrone mine porphyry copper deposit. “The possible exotic oxide possibility and the interpreted deeper possible porphyry Copper target are well enough defined to locate drill holes. Drilling is the next step.” states Frank P. Fritz from Zonge International,
October 14th 2022
November 16, 2022, Black Pine Resources submitted a plan of operation for up to 13 drill sites, and access roads requiring approximately 2.5 ac. of total disturbance has been submitted to the US Forest Service in Silver City. The data suggest two viable copper target types; a shallow oxide source and a deeper porphyry source that will be drilled in 2023.
The first target:
surrounding a small historic open pit located just west of Sugarloaf mountain area that is characterized by vivid oxide and carbonate copper mineralization occurring as disseminations and as fracture coatings. Sampling on the northeast target returned copper values up to 15.1%, while copper values from the open pit target reached 1.34%. The northeast target area, at least 1,500 feet wide by 3,500 feet long is characterized by a zone of leaching and oxidation. This interpreted zone extends to the south beneath the area of the small open pit, discussed above. The depth to this zone is suggested to lie within 50 meters of the surface.
The second target:
The Sugarloaf Property is considered to be related to the Tyrone porphyry copper deposit which is situated just to the east of the Property. As interpreted by Fritz Geophysics and Zonge International in the October 2022 IP survey suggesting a possible complex mineralization environment at the edge of a large caldera complex to the south and the IP high may represent a sulfide source consistent with a porphyry copper target at a depth of 300-400 meters.
