The TAS Claim properties are located approximately 160 kilometres east of Vancouver, and 17 kilometres south of the town of Princeton in southern British Columbia. The project area has been extensively logged by clear cutting methods, giving good access to all areas of the claim.
THE COPPER MOUNTAIN CAMP
Regional Overview and Historical Background
The Copper Mountain camp has been the scene of copper exploration since the 1880's and has been a significant producer of copper, gold and silver for 70 years (1926-1996). The Copper Mountain deposits were first operated as an underground mine by the Granby Consolidated Mining from 1926 to 1957, and later as open pit operations from 1972 to 1996. The Copper Mountain camp has a total reported production of 168 million tonnes of ore recovering 764,964 tonnes of copper, 21,185 kilograms of gold and 288,884 kilograms of silver. The average grades of the copper ores are reported as 0.47% copper, 0.13 gram/tonne gold and 1.72 grams/tonne silver.
The camp lay relatively dormant from 1957 to 1965. In 1966 Granby Consolidated Mining resumed exploration at Copper Mountain on the east side of the Similkameen River, and Newmont Mining Corporation initiated exploration at the Ingerbelle property on the west side. In 1967, Newmont purchased the Copper Mountain assets from Granby, and by 1969 had discovered two copper deposits on the Copper Mountain side and one copper deposit on the Ingerbelle side. In 1972, mining in the Copper Mountain camp resumed by open pit methods and continued until 1996 when operations ended.
Copper Mountain Mining Corporation renewed exploration at Copper Mountain in 2007 with core drilling commencing in January and continuing through November of 2008. In April of 2009, a NI 43-101 (Giroux Consultants Ltd) compliant resource report was issued by Copper Mountain Mining Corporation. The measured and indicated resources, based on a 0.15% copper cut-off grade, are 518.6 million tons grading 0.31% copper and containing 3.2 billion pounds of copper. Inferred resources at 0.15% copper cut-off grade are 390.7 million tons grading 0.23% copper and containing 1.8 billion pounds of copper.
The Copper Mountain mine is on track to renew production during June of 2011 by conventional open pit mining methods with a 35,000 tonnes per day mill. The re-opening of the mine is designed to produce approximately 100 million pounds of copper per year in a copper concentrate with gold and silver credits.
The ore deposits at Copper Mountain and Ingerbelle are spatially and genetically associated with multiple phases of the Copper Mountain intrusions and associated structures. The ore deposits, whether in volcanic or intrusive rocks are associated with zones of extensive and locally intense wall rock hydrothermal alteration, principally of potassic origin. The copper and silver mineralization is associated with fractures, sulphide veins and vein stock works, while the gold mineralization is associated with magnetite vein systems.
The regional and local structures are the important overall mineralizing controls, the most important being the north-west (Main fault), north-east (Mine breaks) and east-west (Gully fault) structures. The majority of the ore deposits and prospects occur along, or at intersections to these structures.
THE TAS CLAIM
The geological setting on the TAS claim is similar to the Copper Mountain camp. The TAS claim is underlain by volcaniclastic rocks of the Wolfe Creek Formation of the Late Triassic Nicola Group and diorite and monzonite of the Late Triassic Copper Mountain intrusions (Copper Mountain stock and Lost Horse intrusives).
These units have been intruded by Post Cretaceous quartz feldspar porphyry dykes. The structural controls of the Copper Mountain camp have been extended to the TAS claim. The Main fault, a north-west to south-east trending structure hosting the copper deposits and numerous Minfile occurrences has been traced onto the property as a magnetic trough. Similar north-east structures to the Mine breaks are present and may host the copper showings at the TAS North and Central prospects Prophylitic alteration Is widespread throughout the property and potassic alteration occurs within the TAS South and Central prospects associated with the Copper Mountain stock.
Geological mapping, prospecting, soil geochemical sampling and magnetic and electromagnetic geophysical surveying were carried out over the TAS claim from 1990 to 1996. The soil geochemical sampling outlined six weak to strong copper soil geochemical anomalies with coincidentally occurring zinc and silver anomalies. The magnetic surveying outlined a number of magnetic lineaments and magnetic highs and lows .
On the TAS claim three areas of copper mineralization were found, and they have been designated the TAS North, South and Central prospects. Chip sampling of the showing at the TAS North prospect In 1996 gave 11 metres (north-south) gracing 0.113% copper and 10 metres (east-west) grading 0.081% copper. Chip sampling of the showing at the TAS South prospect gave 10 metres (north-south) grading 0.324% copper and 7 metres (east-west) grading 0.203% copper. A grab sample from the TAS Centra prospect returned 0.19% copper The copper and silver values on the TAS claim are comparable to the copper deposits in the Copper Mountain camp.
During May of 2009, Supreme Resources Ltd carried out 19.5 kilometres of Titan 24 DC/IP geophysical surveying over the TAS project area. This was divided into 3 lines on the TAS claim (82200E, 82600E and 83000E) and 2 lines on the TAS South Block (82100E and 83100E). Twenty-seven Titan 24 geophysical anomalies were outlined by the survey, with low, medium and high priority ranking.
In October of 2009, a three hole core drilling program (801.01 metres) tested one of the high priority Titan 24 chargeability anomalies at the south end of lines 82200E and 82600E on the TAS claim, Samples taken from the most strongly mineralized zones in the three dill holes gave mainly background copper values of less than 200 ppm. The highest copper value was 1391 ppm across 0.30 metres (40.96-41.26 metres) in drill hole 2901. Zinc values were higher, with four samples giving values greater than 1000 ppm The highest zinc value was 1.4% across 4.0 metres (115.67 to 119.67 metres) in drill hole 2902.
2010 WORK PROGRAM
The 2010 work program carried out on the TAS property by Supreme Resources Ltd consisted of establishing grid lines, soil geochemical and geological surveys, trenching, rock sampling and core drilling.
The work program carried out on the TAS claim in 2010 was successful and the following conclusions can be drawn from the work program
1.1) The south-east trending Copper Mountain fault is an irnportant structure that passes through Pit 1 and Pit 3, Ingerbelle East and Ingerbelle deposits, Oriole zone and a number of Minfile occurrences at Copper Mountain Mining Corporation's Copper Mountain mine. The magnetic trough associated with the fault trends onto the central portion of the TAS claim.
1.2) Rock sampling at the North showing (North prospect) gave anomalous copper values over an area 25 metres wide by 30 metres long in monzonite of the Copper Mountain intrusions. The most significant values were from trench T-1 cut-2 that gave 12 metres grading 0.13% copper and 1.7 grams/tonne silver and T-1 cut-5 that gave 12.6 metres grading 0.09% copper and 1.4 grams/tonne Silver.
1.3) Rock sampling at trench T-11 cut-1 (North prospect) gave anomalous copper values ranging from 146 to 990 ppm in monzonite of the Copper Mountain intrusions, and cherty tuff and lapilli tuff of the Wolfe Creek Formation. The anomalous copper values occur over a length of 54 metres with pyrite concentrations varying from a trace to 4%.
1.4) The higher concentrations of pyrite and associated anomalous copper values at the north end of trench T-11 appear to be the cause of the Titan 24 chargeability target DDH-04.
2011/2012 PROPOSED WORK PROGRAM
To be announced....