The Vein 160 (Vertabrae Ridge Zone 2 North) occurrence is located on the northeastern slopes of Vertebrae Ridge, approximately 2 kilometres north-northeast of Stovepipe Mountain.

Regionally, the area is underlain by a northwest-trending series of limestone, dolomite, marble, siltstone, shale and coarse to fine clastic sedimentary rocks of the middle to upper Cambrian Sullivan, Arctomys, Waterfowl, Stephen, Mount White, Mistaya, Bison Creek and Lyell formations.

Locally, two styles of mineralization have been identified and are referred to as the Vein 160 and Zone 2 North areas.

At the Vein 160 area, a 10- to 100-centimetre wide, variably infilled extensional fault hosts calcite vein material with sporadic malachite-azurite mineralization accompanied by trace tabular chalcocite pods reaching up to 30-centimetre wide. The fault trends northwest and displays subsequent reactivation and extension over an observed strike length of approximately 500 metres.

The Zone 2 North area, located several hundred metres west of the Vein 160 area, consists of thin quartz-calcite veins and veinlets with varying quantities of malachite-pyrite-chalcocite-chalcopyrite mineralization. Veins and veinlets in this zone are reported to not appear to be fault associated, with quartz-calcite veins trending at 305 to 320 degrees on average. This zone is reported to align along strike with the Number 2 zone of the Vertabrae Ridge (MINFILE 082N 100) occurrence.

Work History

In 2020, Pegasus Resources Inc. completed a program of geological mapping and rock sampling on the Vertabrae Ridge property. Seven grab samples of outcrop and vein-fill from the Vein 160 area yielded an average of 6.0 per cent copper and 18.1 grams per tonne silver, whereas a single sample from a large pod of chalcocite assayed 35.5 per cent copper and 120 grams per tonne silver (sample 148605; Assessment Report 39434). Also at this time, sampling of the Zone 2 North area yielded an average of 2.5 per cent copper and 4.5 grams per tonne silver, with values of up to 10.7 per cent copper and 29.1 grams per tonne silver (Assessment Report 39434).

The following year, a further program of geological mapping and rock sampling, a 590.8 line-kilometre airborne magnetic survey and four short backpack drill holes, totalling 37.0 metres, were completed on the property.