The principal showings on the David Crown grant (Lot 170) are located in the southwest corner, about 500 metres due south of the falls on the Bugaboo property (MINFILE 092C 022).

The area is underlain by the contact of diorite of the Mesozoic and/or Paleozoic Westcoast Complex and a limestone roof pendant of similar age. The skarn appears to be of two phases. The first is an older garnet-epidote assemblage found only as a remnant within the massive magnetite; the second is the later pyroxene skarn that surrounds the magnetite body. Actinolite is a minor constituent in the zone of alteration.

Magnetite is exposed in five isolated patches in an horizontal north and south distance of 71 metres, but there is no indication that the magnetite is continuous between these patches. The grade of the David magnetite is approximately the same grade as at the Bugaboo occurrence (Conqueror deposit).

Work History

The area has been historically explored in conjunction with the nearby Pearson (MINFILE 092C 022) occurrence and completed property exploration history can be found there.

In 2003 through 2011, Emerald Fields Resource and Pacific Iron Ore Corporation completed various exploration projects in the area as apart of the Pearson Project. These included prospecting, diamond drilling, ground and airborne geophysical surveys, geological mapping and geochemical sampling. In 2005, a lone drill hole, totalling 77.42 metres, was completed on the showing. The hole intersected massive marble cut by a plagioclase porphyritic dike and did not intersect the massive magnetite mineralization as evidenced in outcrop. The results indicate that the magnetite mineralization does not appear to continue downslope under the road towards the Conqueror (MINFILE 092C 022) ore body. In 2008, 51 NQ diamond drill holes, totalling 7872.26 metres, were completed on the Bugaboo deposits (Daniel, Conqueror and David zones).

In early 2011, Pacific Iron Ore released an updated NI43-101 compliant inferred resource for the Daniel zone of 3.043 million tonnes grading 64 per cent magnetite, using a 20 per cent magnetite cut-off value (Assessment Report 32175).