The Ace 2 occurrence is located 6 kilometres north of One Ace Mountain and about 11 kilometres south of the Yukon-British Columbia border, 164 kilometres north of the community of Dease Lake or about 60 kilometres west-southwest of Watson Lake, Yukon. The property is accessible by 4-wheel drive vehicle via the One Ace Mountain forestry road that was extended into the claim area by Falconbridge in 1979. The One Ace Mountain road leaves the Stewart-Cassiar highway (Highway 37) at a point about 15 kilometres south of the British Columbia-Yukon border. The forestry road needed a little clearing but was otherwise in reasonable condition as of August 2008. The property is also accessible via helicopter from a number of staging areas along the Alaska Highway and Watson Lake.
The Ace 2 or Albert Creek property area is underlain by quartzites, phyllites and carbonates of the Lower Cambrian Atan Group with north-easterly dips. They are overlain or juxtaposed to the northeast by Ordovician-Middle Devonian McDame Group carbonates followed by Upper Devonian-Lower Mississippian Earn Group clastic sedimentary rocks at Albert Creek. The sedimentary strata on the property forms variably dipping panels bounded by north-easterly and north-westerly faults. Drilling by Logan Resources in 2002 intersected serpentinite along high-angle structures.
A 1988 diamond drilling program by Total Erickson Resources Ltd. investigated the contact between McDame Group carbonates and Earn Group shales along an interpreted northwest-southeast structure. The holes returned McDame Group carbonates but the contact between the underlying Earn Group shales was not intersected. The longest of the holes (88-3) was drilled to a vertical depth of approximately 300 metres. Hole 88-1 returned a 1.3 metre intersection of 40.9 parts per million silver from dendritic sulphide coatings on fracture surfaces of a brecciated dolomite. Holes 88-1 and 88-2 returned lithologically controlled, anomalous zinc values (300 to 2990 parts per million) from graphitic, pyritic argillites. Anomalous amounts of barium (500 to 4490 parts per million) were returned from sandstone in hole 88-1 and argillites in holes 88-1 and 88-2 (Assessment Report 17826).
In 1979, Falconbridge Nickel Mines Ltd. first staked the property as the Ace claim on the basis of a 10 parts per million silver stream sediment sample from the 1979 Geological Survey of Canada (GSC) Regional Geochemical Survey (RGS). In 1980, Falconbridge carried out a soil geochemical survey and a helicopter-borne electromagnetic and magnetic survey; the results were never filed as assessment work and are not available. In 1981, Falconbridge drilled 467 metres in three diamond-drill holes to test VLF-EM conductors and soil geochemical anomalies on an expanded claim block called the Zap claims. No economic mineralization was found but short, pyritic shale sections were geochemically anomalous in lead-zinc-silver-barium in several places. Falconbridge abandoned the property in 1982.
In 1986, the property was restaked as the Ace 1-4 claims by J. Schussler and optioned to Total Erickson Resources Ltd. In 1988, Total Erickson Resources Ltd. completed 798 metres of diamond drilling in three holes (Ace 88-1 to 88-3). Hole 88-1 returned a 1.3 metre intersection of 40.9 parts per million silver from dendritic sulphide coatings on fracture surfaces of a brecciated dolomite. Holes 88-1 and 88-2 returned lithologically controlled, anomalous zinc values (300 to 2990 parts per million) from graphitic, pyritic argillites. Anomalous amounts of barium (500 to 4490 parts per million) were returned from sandstone in hole 88-1 and argillites in holes 88-1 and 88-2 (Assessment Report 17826).
KRL Resources Ltd. staked the property also as the Ace 1-4 claims and in 1995 collected approximately 50 stream sediment samples. In 1996, KRL contracted World Geoscience to carry out a fixed wing aeromagnetic survey. The stream sediment sampling returned anomalous silver and zinc values from the lower part of North Albert Creek. The aeromagnetic survey outlined a 4-kilometre-long, northwest trending, broad, linear magnetic high of up to 200 nanoteslas (nT).
In 1997, the property was covered by a portion of a regional high-resolution aeromagnetic survey conducted on behalf of the GSC.
In 2002, Logan Resources Ltd. carried out a ground magnetic survey to corroborate the large aeromagnetic high on the property and drilled a 556-metre diamond-drill hole to test the magnetic anomaly. In the ground survey, the anomaly appeared to be caused by a narrower, deeper (width much less than the depth) target in contrast to the airborne survey that indicated a wider, shallower (width more or less equal to the depth) target. The cause of the magnetic anomaly proved to be a serpentinite body. No significant mineralization was intersected in the hole.
In 2005, Logan Resources Ltd. carried out an exploration program consisting of line cutting, soil geochemistry and magnetic and horizontal loop electromagnetic geophysical surveys on the Albert Creek property. The surveys outlined poor electromagnetic conductors and related magnetic highs that correlate with sporadic low-level lead, zinc, and silver soil geochemical anomalies.
In 2008, Logan Resources Ltd. staked a further 31 claims, substantially increasing the size of their Albert Creek property and completed a mobile metal ion (MMI) soil geochemistry sampling program totalling 1331 samples.
