Sep 19 2022Reviewed by Mila Perera
Optimum Ventures Ltd., also called “Optimum” or the “Company,” declares that it has finished an induced polarization (IP) and magnetic geophysical surveying at The Harry Project inside the “Golden Triangle” of Stewart BC, Canada.
IP surveying yielded new and vital data that will aid in guiding drilling and surface exploration work. This survey was done to define known structures and reveal unknown structures due to the region's overburden. It has defined areas of sulfide concentrations along with areas of quartz—sulfide stock works.
The final survey report demonstrated the success of the program by defining several anomalies.
IP Survey Highlights:
- Twenty-seven chargeability anomalies (first to third order) have been found, which are inferred and presented in the image.
- For further exploration follow-up, drilling targets can be now chosen from the first priority in the 2D sections.
- The Grid’s east side profiles (L7E, L8E, and L9E) show the most resilient chargeability at both profiles’ extents.
- The west side profiles (L5E, L6E, and L11E) show the most resilient chargeability in the central sections.
- Discovery of new zone Ursula South.
- Compared to the third priority zone, which extends to a depth beyond 300 m, the first and second priority zones are shallow. Apart from anomalous zones, total chargeability is in the high range, reflecting large amounts of pyrite and high sulfide percentage in the survey area. The chargeability zones are usually managed by the sub-vertical faults.
The report says, “The IP resistivity models display a subsurface resistivity variation range from 200Ωm to 20000+Ωm. The survey area generally has low to moderate resistivity, and the range of resistivity shows the area’s sedimentary and volcanic rock units.”
“The resistivity sections resolved the distinct changes in resistivity from south to north along the parallel lines. Sub-horizontal contacts are mapped in this region and several sub-vertical faults are resolved, which extends from surface to a depth of more than 400 m,” the report continues.
The Company has finished numerous drill pads to:
- Assess a strong IP anomaly across the Golden Summit zone mineralization.
- Assess the mineralization on the Swann.
- Assess the mineralization on the BR situated a short distance over the Swann.
- Assess the broad zone of mineralization on the Saw Cut zone.
To help azimuth and dip of drilling in the future, exploration is currently functioning to expose the strike and dip of the Swann zone. Drilling is likely to start within the next few weeks. The Company has sent around 1000 surface rock samples collected depending on their sulfide content and talus fines, along with Shaw drill core for assaying.
Also, the Company has chosen illustrative grab samples from various zones for rush assaying to direct the continuation of exploration. Assays are anticipated in a week.
Tyler Ross, CEO of the Company, states, "The Company is extremely pleased with the progress achieved by our contractors on this project. I would like to thank geologist Alex Walus who has located and identified numerous new showings, Hardline Exploration, and K-6 Consulting, for conducting a highly successful program.”
The ongoing work is expanding on the strike extensions of new structures through mapping, saw-cut, and Shaw core sampling of new zones and continued sampling in exposure areas after snow melt. We are excited to start receiving assays, and to start a drill program to not only test IP anomalies but to test new zones as well as enlarge on the success of drilling on the Swann zone.
Tyler Ross, CEO, Optimum Ventures Ltd.
On behalf of the Company, Ed. Kruchkowski, P. Geo., is responsible for the exploration programs and the contents of this report. E Kruchkowski is a qualified person under National Instrument 43-101 and supervises the exploration of this property. Since he is an Optimum director, he is not independent of the Company.