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Property Summary for Porcher Island
The Porcher Island Property is located in the Skeena Mining Division, 35 kilometres south-southwest of Prince Rupert, British Columbia. There is a long history of exploration and production from the Property which includes the Surf Point and Edye Pass mines. Porcher Island is a joint venture between Cross Lake as to 65% and Imperial Metals Corp as to 35%.
Historic records indicate that a total of 77,952 tons grading 0.29 oz/t gold was produced up to 1937 until fire destroyed the mill. From 1975 to 1988 extensive exploration by E and B Exploration and Cathedral Gold Corporation resulted in a drill outlined mining reserve of 623,095 tons grading (cut and diluted) 0.20 oz/t gold over an average mining width of 11 feet.
Within this resource there are significant high grade intercepts which contain multi ounce material over mineable widths. A deep drilling program indicated the potential for an additional 900,000 tons at similar grades to a depth of 1,000 feet below surface in the AT Zone. The exploration results and resources referred to above are historical in nature and were compiled before NI-43-101.
Cross Lake has not independently analyzed the results of the previous exploration therefore the historical results should not be relied upon. Cross Lake believes these historical results provide an indication of the potential of the property and are relevant to ongoing exploration.
In 2006 and 2007 Cross Lake conducted extensive diamond drilling to extend and define the mineralization while continuing geological and engineering studies to confirm the historical resource and the development potential thereof. While drilling to evaluate the deep potential of the AT Zone a new vein termed the Cedar Vein was discovered. Drilling in 2007 extended the Cedar Vein laterally and at depth. In addition surface prospecting and mapping confirmed that the Cedar Vein extended and correlated with the historic Dawson showing to the west. This discovery will add further to the potential of the Porcher Island Property.
Following the completion of the compilation and interpretation of all the data a resource calculation will be completed. Cross Lake is evaluating various options to initiate operations at the Porcher Island Property. Once the resource calculation has been completed a decision will be made as to how to proceed with development.
The delineation of a mineable resource and development at the Porcher Island Property will provide an excellent complement to the Company's QR Mine development project and achieve in part the Company's objective of increasing both the resource base and production levels.
Project Photos
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Location Map
QR Property
Porcher Island Property
Cariboo Property
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