Fjordland Exploration Inc announced an updates on its numerous projects in British Columbia. The Company has interests in a total of 25 copper and gold properties in some of BC's most prolific mining camps. Its strategic land position in the Quesnel Terrane porphyry belt has attracted JV with some of the world's leading mining companies that are funding exploration on several properties. To date, drilling programs are tentatively planned on 8 properties during 2012.
1. Tak Milligan(51% Fjordland or 49% Capstone Mining Corporation):
As reported in a news release dated February 9th 2012, Capstone has approved a budget and work program for the Phase 4, 2012 exploration program for the Tak Project, part of the Tak Milligan Property Option. The claims are located approximately 50 kilometers Eeast of Williams Lake immediately south of the developing Woodjam Copper, Gold and Molybdenum Porphyry Camp. Early work will include further reconnaissance and in fill induced polarization surveys and follows up drilling on selected targets, particularly on the Moffat and Tisdall properties.
2. QUEST (37% Fjordland or 63% Serengeti Resources Inc):
As reported in a news release dated September 21st 2011, Fjordland and Serengeti entered into an Option Agreement with Xstrata Copper Canada to explore six properties totaling 27,690 hectares located in the Quesnel Trough porphyry copper and gold belt between the Mt. Milligan copper-gold deposits to south of Prince George in central BC. These properties are part of the original JV between FEX and SIR all are considered prospective for hosting porphyry copper and gold deposits and several have drill targets identified as a result of exploration by FEX and SIR of USD 1.7 million between 2007 and 2011.
Xstrata Copper has several properties in the region and is conducting a large exploration program including drilling, principally on geophysical and geochemical targets in overburden covered areas. Work during late 2011 and early 2012 by Xstrata under the Option Agreement was focused on defining drill targets for this spring. Under the original QUEST JV between FEX and SIR, seven original properties totaling 22,480 ha remain in the package.
3. Dillard (Option to Earn a 100% Interest):
s reported in a news release dated August 31st 2011, Fjordland signed a Letter Agreement with private vendors for the 2,192 hectare, road accessible Dillard Property, located in southern BC, 35 kilometers north of Princeton, where Copper Mountain Mining Corporation recently put the Copper Mountain copper, gold and silver mine back into production. The Dillard Property has been recently extensively logged resulting in the exposure of numerous new copper showings.
Additional prospecting during the fall led to the identification of new zones of copper mineralization. The assay results from samples collected during these activities will be incorporated into a major compilation of previous geological, geochemical and geophysical work completed on the Property by several operators. There has been no drilling on the Property; however, preliminary indications are that drill targets should be identified early in 2012 drilling could take place later in the year.
4. Dill (Option to Earn a 100% Interest from Almaden Minerals Limited):
As reported in a news release dated February 7th 2012, Fjordland signed an Option Agreement with Almaden Minerals to acquire a 100% interest in the 400 hectare Dill Property which adjoins Fjordland's Dillard Property to the east. Previous drilling on this porphyry copper-gold target by various operators between the 1960s and 1992 resulted in several long intercepts of copper mineralization which were never followed up. The Company believes that a thorough compilation of previous geological, geochemical and geophysical surveys, combined with previous drilling results, will provide an excellent base for conducting follow up detailed surveys. Drilling is anticipated later in 2012.
5. Iron Range (100% Ownership):
In December, 2010, the Company staked 8 properties totaling 60,047 ha in the Iron Range area of southeastern BC. All but two of the properties totaling 17,657 ha, were allowed to lapse in December, 2011.
6. Kimberley Gold Trend (Option to Earn a 60% interest with Kootenay Gold Inc):
After conducting exploration programs totaling in excess of USD 700,000 on all seven of the properties that comprised the Option Agreement with Kootenay Gold Inc in the Kimberley Gold Trend in southeastern BC, the Company decided to terminate the Option Agreement and focus on its other properties.
Mr Tom Schroeter president of Fjordland said that "We have built up our land packages in some of the most productive areas in BC and have leveraged our resources with option agreements with other parties, as well as acquiring additional ground ourselves. We look forward to a very active exploration season during 2012 including drilling on 8 properties."
Source - Fjordland Exploration
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