Electrum Overview
The Electrum Property is road accessible from the town of Stewart and located directly between Newmont Corporation’s Brucejack Mine, approximately 20 kilometers (km) to the north, and the past producing Silbak Premier mine, 20 kilometers to the south. A well-developed 40 km road directly links the property to the bulk tonnage shipping terminals in Stewart and electrical power lines come within 18 km of the property and can be continued along the existing haul road. In addition to high grade gold and silver mineralization targets, Electrum hosts geophysical anomalies at depth beneath the main vein zones, as well as an area southwest of the East Gold Mine that shows evidence of potential porphyry-style mineralization. Work programs completed by the Company include drilling in 2023 and 2024.
|
Electrum Location Map |
Electrum Concession |
2024 Drilling Completed at Electrum
In 2024, Goldstorm Metals completed a 7-hole drill program totalling 2,233 meters at the property targeting both high grade vein and possible porphyry-related style gold-silver mineralization.
Table: 2024 Drilling Results for the Electrum Property
|
Hole ID |
Zone |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
|
|
|---|---|---|---|---|---|---|---|---|
|
|
EL-23-02 EXT |
Dome |
451.00 |
461.10 |
10.10 |
0.48 |
2.03 |
|
|
|
|
|
472.50 |
484.50 |
12.00 |
0.54 |
2.20 |
|
|
|
Including |
|
472.50 |
474.00 |
1.50 |
2.50 |
3.89 |
|
|
|
Including |
|
481.50 |
483.00 |
1.50 |
0.50 |
1.79 |
|
|
|
|
|
520.50 |
537.00 |
16.50 |
0.48 |
4.37 |
|
|
|
Including |
|
521.95 |
523.00 |
1.05 |
1.67 |
4.84 |
|
|
|
Including |
|
534.00 |
535.50 |
1.50 |
1.21 |
3.49 |
|
|
|
EL-24-12 |
Dome |
171.50 |
203.00 |
31.50 |
0.43 |
3.71 |
|
|
|
Including |
|
183.50 |
192.50 |
9.00 |
0.59 |
7.29 |
|
|
|
|
|
401.00 |
402.50 |
1.50 |
2.86 |
8.70 |
|
|
|
|
|
443.00 |
444.50 |
1.50 |
1.63 |
28.02 |
|
|
|
EL-24-13 |
LP |
5.00 |
10.00 |
5.00 |
0.53 |
3.65 |
|
|
|
Including |
|
7.00 |
8.50 |
1.50 |
1.04 |
7.31 |
|
|
|
|
|
83.50 |
88.00 |
4.50 |
0.52 |
4.27 |
|
|
|
|
|
136.00 |
137.00 |
1.00 |
1.13 |
10.78 |
|
|
|
EL-24-14 |
LP |
50.20 |
54.80 |
4.60 |
0.50 |
6.00 |
|
|
|
Including |
|
50.20 |
51.00 |
0.80 |
1.48 |
9.78 |
|
|
|
|
|
210.00 |
212.50 |
2.50 |
0.55 |
0.56 |
|
|
|
EL-24-15 |
LP |
12.00 |
18.00 |
6.00 |
0.65 |
5.00 |
|
|
|
Including |
|
16.00 |
16.70 |
0.70 |
1.57 |
3.82 |
|
|
|
|
|
34.85 |
35.85 |
1.00 |
2.55 |
187.00 |
|
|
|
|
|
129.00 |
130.50 |
1.50 |
7.78 |
3.54 |
|
|
|
EL-24-16 |
LP |
39.00 |
40.50 |
1.50 |
1.02 |
94.95 |
|
|
|
|
|
172.85 |
173.30 |
0.45 |
1.39 |
1,766.00 |
|
|
|
EL-24-17 |
Dome |
99.00 |
147.00 |
48.00 |
0.47 |
5.00 |
|
|
|
Including |
|
109.50 |
110.65 |
1.15 |
1.14 |
3.29 |
|
|
|
Including |
|
127.50 |
129.00 |
1.50 |
1.26 |
7.61 |
|
|
|
|
|
173.50 |
178.50 |
5.00 |
0.49 |
1.48 |
|
|
||||||||
2023 Drilling Completed at Electrum
In 2023, Goldstorm Metals completed a 11-hole drill program totalling 2,581 meters at the property targeting both high grade vein and possible porphyry-related style gold-silver mineralization.
Table : 2023 Drilling Results for the Electrum Property
| Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Pb (%) | Zn (%) |
|---|---|---|---|---|---|---|---|
| EL-23-01 | 178.50 | 289.50 | 111.00 | 0.77 | 4.43 | - | - |
| including | 196.50 | 258.00 | 61.50 | 1.13 | 6.02 | - | - |
| and including | 240.70 | 258.00 | 17.30 | 2.07 | 3.74 | - | - |
| and | 333.15 | 334.50 | 1.35 | 4.04 | 66.65 | - | - |
| EL-23-02 | 68.10 | 105.40 | 37.30 | 0.78 | 1.65 | - | - |
| including | 84.00 | 91.00 | 7.00 | 2.64 | 3.15 | - | - |
| and | 283.00 | 432.00 | 149.00 | 0.45 | 3.20 | - | - |
| including | 283.00 | 311.45 | 28.45 | 0.55 | 3.46 | - | - |
| including | 361.50 | 393.00 | 31.50 | 0.86 | 4.74 | - | - |
| including | 421.50 | 432.00 | 10.50 | 0.45 | 1.97 | - | - |
| EL-23-03 | 4.98 | 8.00 | 3.02 | 0.73 | 105.64 | 0.78 | 1.04 |
| including | 6.38 | 8.00 | 1.62 | 0.95 | 165.28 | 1.07 | 0.92 |
| including | 6.38 | 6.89 | 0.51 | 1.29 | 266.00 | 3.14 | 2.44 |
| and | 99.00 | 100.50 | 1.50 | 0.17 | 88.80 | 0.02 | 0.05 |
| and | 132.00 | 133.50 | 1.50 | 0.52 | 25.78 | 0.10 | 0.13 |
| and | 386.70 | 387.20 | 0.50 | 0.18 | 63.70 | 0.12 | 0.31 |
| and | 400.50 | 402.00 | 1.50 | 0.21 | 31.89 | 0.22 | 0.47 |
| EL-23-04 | 6.20 | 9.25 | 3.05 | 0.89 | 125.31 | 0.48 | 0.95 |
| including | 6.20 | 7.75 | 1.55 | 0.82 | 171.00 | 0.91 | 1.74 |
| and | 152.80 | 154.00 | 1.20 | 0.37 | 65.35 | 1.31 | 1.75 |
| EL-23-05 | 30.00 | 33.05 | 3.05 | 1.65 | 89.02 | 0.23 | 0.25 |
| including | 31.15 | 33.05 | 1.90 | 2.47 | 126.00 | 0.36 | 0.38 |
| EL-23-06 | 28.20 | 28.85 | 0.65 | 0.81 | 44.66 | 0.57 | 1.04 |
| EL-23-07 | 29.40 | 30.95 | 1.55 | 5.17 | 68.02 | 0.32 | 0.44 |
| EL-23-08 | 8.00 | 12.50 | 4.50 | 27.00 | 111.09 | 0.10 | 0.09 |
| including | 10.40 | 12.50 | 2.10 | 57.34 | 214.27 | 0.19 | 0.16 |
| including | 12.00 | 12.50 | 0.50 | 233.50 | 756.00 | 0.73 | 0.51 |
| and | 132.00 | 147.00 | 15.00 | 2.78 | 43.97 | 0.01 | 0.03 |
| including | 139.50 | 141.00 | 1.50 | 0.29 | 405.00 | 0.02 | 0.05 |
| including | 146.50 | 147.00 | 0.50 | 75.30 | 19.27 | 0.00 | 0.01 |
| and | 160.50 | 162.00 | 1.50 | 0.78 | 58.10 | 0.09 | 0.17 |
| and | 225.00 | 226.50 | 1.50 | 4.59 | 234.00 | 0.39 | 0.46 |
| EL-23-09 | 8.50 | 10.00 | 1.50 | 1.21 | 32.07 | 0.01 | 0.01 |
| and | 36.00 | 37.50 | 1.50 | 1.38 | 6.97 | 0.01 | 0.02 |
| and | 100.50 | 102.00 | 1.50 | 0.98 | 46.79 | 0.09 | 0.09 |
| and | 180.00 | 181.50 | 1.50 | 1.03 | 6.05 | 0.02 | 0.10 |
| EL-23-10 | 6.00 | 12.00 | 6.00 | 0.23 | 26.77 | 0.01 | 0.05 |
| including | 7.50 | 9.00 | 1.50 | 0.19 | 66.99 | 0.01 | 0.03 |
| EL-23-11 | 107.25 | 125.00 | 17.75 | 1.17 | 29.40 | 0.05 | 0.30 |
| including | 107.25 | 114.60 | 7.35 | 2.28 | 67.86 | 0.10 | 0.68 |
| including | 107.25 | 109.00 | 1.75 | 8.70 | 238.00 | 0.15 | 0.39 |
- All assay values are uncut and intervals reflect drilled intercept lengths.
- HQ diameter core samples were sawn in half and typically sampled at standard 1.5 m intervals.
- True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.
Historical Work
Drilling by previous operators on Electrum encountered gold-silver mineralization at depths of more than 200 meters from surface, with several holes intersecting relatively wide zones containing narrow quartz-sulfide stockwork veins that returned moderate precious metal values. These intercepts are located beneath surface exposures that were subsequently blasted, trenched and bulk sampled in an area referred to as the New Blast Zone. Here, a 3.8 tonne bulk sample that was collected from a 5-meter-wide zone averaged 2.82 g/t gold, 539.0 g/t silver, 1.96 % lead and 1.97 % zinc. Localized veins, found within some of the wider drill intervals, contain electrum and silver sulfosalt minerals that have returned significant silver and gold values over narrow widths.
Geology
Mineralization at Electrum is controlled by two major fault lines that locally host bonanza gold grades, along with broader stockwork zones, within a complex geological model. Similar to the nearby Brucejack Mine, gold and silver mineralization occurs as coarse electrum in several generations of quartz-carbonate veins and vein breccias hosted within a deformed volcanic-sedimentary sequence. Intermediate-to-low sulphidation gold and silver mineralization is present in many of the veins, accompanied by pyrite, sphalerite, galena and chalcopyrite. Precious metal mineralized veins have been traced on surface over lengths of several tens of meters to more than a hundred meters, pinching and swelling along strike. Much of the work at Electrum to date has tested extensions of known epithermal veins that have returned several high silver and gold values from limited underground mining and trench exposures.
Work Planned
To be announced.
Images:
2024 & 2023 Drilling Plan Map – Section Areas
Section A – East Gold High-grade Area
Section B – Dome Zone Porphyry Target
Section C – LP Zone
