Work History

Staked as Pterd cl 1-10 (Y98056) in Jul/75 by Wernecke Joint Venture (Standard Oil Company of British Columbia Ltd & Aquitaine Company of Canada Ltd). The joint venture added Pnerd cl 1-4 (Y98240) in Aug/75, and Knit cl 1-8 (YA1320), Ptoes cl 1-8 (YA1328) and Skin cl 1-4 (YA1336) in Sep/75. The claims were explored with mapping and ground radiometric surveys later in the year and optioned in 1976 to Eldorado Nuclear Ltd, which added more claims and drilled 5 diamond drill holes (470.6 m).
In 1981 after the Eldorado option expired, the joint venture drilled 3 dimond drill holes (606.9 m). Aquitaine also changed its name to Kidd Creek Mines Ltd in the same year.
In Feb/2005 Twenty-Seven Capital signed an agreement with Cash Minerals Ltd whereby Cash could acquire up to a 75% interest in a large number of claims (including the Bond claims) collectively known as the Yukon Uranium Project.
Cash Minerals diamond-drilled 7 holes for 504 m in 2005.

Capsule Geology

The region is underlain by a metamorphosed and altered sequence of Early Proterozoic Wernecke Supergroup clastic and carbonate rocks (Fairchild Lake Group, Quartet Group and Gillespie Lake Group, from oldest to youngest) that are intruded by Early to Middle Proterozoic mafic sills and dykes, and cut by Middle Proterozoic Wernecke Breccia. To the east, Wernecke Supergroup rocks are unconformably overlain by Middle Proterozoic Pinguicula Group rocks. According to Thorkelson (2000), Wernecke Breccia development is best modeled as a set of hydrothermal and/or phreatic breccias; brecciation being caused by explosive expanson of volatile-rich fluids. Hunt (2005) attributed Wernecke Breccia formation to periodic over-pressuring of dominantly basinal fluids, which lead to repeated brecciation of host strata and mineral precipitation.
A 1 500 m long float train of mineralized boulders lies atop a glacier on the Pterd group. Mineralization consists of pitchblende and brannerite in fractures and bleached Fairchild Lake Group argillite. The source appears to lie beneath the glacier or in snow and ice filled gullies on the cirque wall. A small Wernecke Breccia body was mapped in the area.
Several secondary uranium minerals have been identified including green torbernite, yellow autunite and iriginite (a hydrous uranium molybdate) and orange vandendriesscheite (a hydrous uranium plumbate). No significant mineralization was intersected in the drilling in 1976 or 1981.

References

CASH MINERALS LTD., news release, 16 Feb/05.

ELDORADO NUCLEAR LTD, Sep/76. Assessment Report *#061565 by C.J. Riley and D.F. Schutz.

GORDEY, S.P. AND MAKEPEACE, A.J., 2003. Yukon Digital Geology, version 2.0, S.P. Gordey and A.J. Makepeace (comp); Geological Survey of Canada, Open File 1749 and Yukon Geological Survey, Open File 2003-9 (D).

HUNT, J., 2005. The geology and genesis of iron oxide-copper-gold mineralisation associated with Wernecke Breccia, Yukon Canada, PhD thesis, James Cook University, Australia, 2 volumes, 120 p.

MINERAL INDUSTRY REPORT 1975, p. 33-38; 1976, p. 124; 1977, p. 41; 1978, p. 13.

STRATEGIC METALS LTD., news release, 20 Oct/04.

THORKELSON, D.J. AND WALLACE, C.A., 2000. Geology and mineral occurrences of the Slats Creek, Fairchild Lake and "Dolores Creek" areas, Wernecke Mountains, Yukon (106D/16, 106C/13, 106C/14). Exploration and Geological Services Division, Yukon Region, Indian and Northern Affairs Canada, Bulletin 10, 73 p.

WERNECKE JOINT VENTURE, Jun/76. Assessment Report *#090103 by A.R. Archer.

WERNECKE JOINT VENTURE, Feb/82. Assessment Report *#090965 by W.D. Eaton.

YUKON GEOLOGY AND EXPLORATION 1979-80, p. 224.

YUKON EXPLORATION AND GEOLOGY 1981, p. 88.