The Fact skarn occurrence is located on an un-named creek flowing westerly into Kennedy Lake, approximately 1.1 kilometres east of the lake shore, and 14 kilometres northeast of Ucluelet, B.C.
The area is underlain by a 200 metre Tertiary andesite porphyry stock that cuts the limestone of the Upper Triassic Quatsino Formation (Vancouver Group) and granodiorite of the Jurassic Island Intrusions.
Locally, massive pyrrhotite-magnetite-chalcopyrite veins extend out from the porphyry into the limestone, along the contact. Minor bornite and black manganese minerals also occur. In 1986, a grab sample assayed 14.26 grams per tonne gold, 13.7 grams per tonne silver, 1.6 per cent copper and 35.3 per cent iron (Assessment Report 14704). In 2008, rock samples of mineralized limestone and vein material returned the following values:
______________________________________________________________________Sample No. Gold Silver Copper Iron (grams per tonne) (grams per tonne) (per cent) (per cent)830310 16.19 45 5.5 25.6830313 7.61 15 2.4 11.8830314 32.96 81 >10 35.7830315 17.14 62 5.3 21.2(Assessment Report 30537)______________________________________________________________________
Sample No. Gold Silver Copper Iron
(grams per tonne) (grams per tonne) (per cent) (per cent)
830310 16.19 45 5.5 25.6
830313 7.61 15 2.4 11.8
830314 32.96 81 >10 35.7
830315 17.14 62 5.3 21.2
(Assessment Report 30537)
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One hundred fifty metres to the east, massive chalcopyrite occurs in fractures within limestone. In 1986, a grab sample assayed 8 per cent copper and 33.2 grams per tonne silver (Assessment Report 14704).
In 1986, First Coast Min. completed a program of prospecting and geochemical sampling on the area as the Fact 1-2 claims. During 1995 through 2009, Consolidated Logan Mines Limited and later Logan Resources Limited, completed programs of prospecting, geological mapping, geochemical sampling and an induced polarization survey on the Lucky and Redford properties.
In 2011, Logan Resources Ltd. and joint venture partner Ridgemont Iron Ore Corp. conducted ground geophysics (including Fact) and drilling over the Redford property. The 2011 Ridgemont diamond drill program, east of Draw Creek and the Brynnor Pit, consisted of 61 holes totalling 10, 234.58 metres utilizing 29 drill pads. The program coverage was categorized into three zones: the Main, East and North zones. The drill results from the East zone confirmed that magnetite mineralization was similar in strike and dip to that found in the Main zone.