Mr. Daniels` property exploration round up is expected to be completed in 90 days. He will probably not consider these 2 properties as they are likely too minor. Though, I would like to see him perform an assessment on them. I would like to know his thoughts.
1) Aumaque Mine (Val d`Or)
It is located about 2 - 3 km from the Lamaque mill. It has non-43101 ounces of 50,000 (8.57 g/t grade) and 17,000 (6.03 g/t grade). The property has never been mined but it has a shaft that goes down to 165m and a winze from 150m to 198m. It also has a number of levels established.
``The mineralization was found to be consistent in style with the vein types found at the Lamaque mine in pyroclastic volcanics.``
``At the west end of the property and extending onto the Lamaque property there is an untested diorite plug similar to the Numbers 4 and 5 plugs found at Lamaque. It has been previously suggested that the known veins may extend into this plug with the result that a fractured and mineralized system similar to those mined at Lamaque may have developed.``
If the known Aumaque veins are found to actually extend into the untested diorite plug on the west end, I wonder what Mr. Daniels thinks about the 67,000 historical Aumaque ounce total maybe increasing to, say, 400,000 ounces.
2) Sweetheart Property (Juneau, Alaska)
There was a major (precedence setting) supreme court decision in 2009 that went in favour of Coeur d'Alene Mines. It allowed Coeur to begin mining their Juneau area mine. This precedence setting decision has likely made exploration and mining a lot more favourable for other companies with properties around the Juneau area (although, risks from environmentalists will likely always exist, but hopefully to a far lesser degree due to the supreme court decision).
Century has 8 properties in the area, with all of the properties having solid potential. Treadwell was the largest mining operation in the world about 90 to 110 years ago. It produced 3.2 million ounces prior to the flood. Exploration holes (4 holes) done in the 1990s provides a hint that millions of ounces likely still remain - the 4 holes hit significant mineralization 1,300 ft below previous mine workings. The Treadwell veins are mesothermal veins also. With mesothermal type veins, the grades continue to increase with depth.
The Yakima property is located 450m west of and parallel to the Treadwell mine. The properties are thought to be related due to their close proximity and similar geology to each other.
However, the property I am curious about the most is the Sweetheart Property. It`s a polymetallic property. It has several polymetallic targets identified. The property was tested in 1978 by a company called Mapco Minerals. The exploration program included 16 shallow diamond drill holes which returned Cu to 1.4%, Zn to 3.2%, Pb to 1.7%, Ag to 1.3 opt (40.3 g/t), and Au to 0.27 opt (8.37 g/t) - best results in each of the individual metal categories. The best drill hole intersection was 3 metres (10 ft) 1.1% Cu, .62% Zn, 1.7% Pb, .58 opt (17.98 g/t) Ag, and 0.27 opt (8.37 g/t) Au. I haven`t seen the results for the other 15 individual drill holes.
The Sweetheart mineralization extends over 12,600 feet (4 km) strike length.
It would be nice to get an assessment from Mr. Daniels about this property. Again, I am not expecting it to be included in the 90 day round up release (as it is too minor of a property for Century), but nevertheless it looks like a fascinating exploration property to me. Being polymetallic, it`s a property that can potentially stand the test of time - not dependent on a high gold price.
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