Exploration History

In 1996, Nordac Resources Ltd. staked the Top 1-20 claims and carried out a short prospecting and soil sampling program (Carne, 1996). That same year Cominco Ltd. staked the Floc claims to the southeast and preformed helicopter-borne magnetic and electromagnetic surveys, prospecting and contour soil and silt sampling. Work by Cominco geologists on the Floc claims identified mineralization in bedrock that reportedly assayed 0.14% copper, 1.7% lead, 0.71% zinc and 65 g/t silver over 30 cm (Pride, 1996).

In 1997, Nordac conducted excavator trenching, prospecting, geological mapping and soil sampling on the Top claims (Carne, 1999).

In 1998, Nordac completed three excavator trenches, exposing a barium, manganese and base metal enriched horizon (Carne, 1999).

In 1999, Nordac formed the Eureka Joint Venture with Expatriate Resources Ltd. and the Joint Venture assumed ownership of the Top property.

In 2003, Expatriate Resources transferred its interest in the property to StrataGold Corporation. Nordac was subsequently re-organized into Strategic Metals Ltd.

In 2007, the Eureka Joint Venture (Strategic and StrataGold) conducted helicopter-borne, VTEM and magnetometer surveys on the property.

In 2011, Strategic completed six reverse-circulation drill holes, totalling 419.76 m (Smith and Avram, 2012).

In 2013, Strategic performed geochemical sampling, prospecting and geological mapping on the property.

In 2015, Strategic staked additional claims contiguously to the southeast of the property in the area of the Floc Showing and conducted soil geochemical sampling and prospecting.

Capsule Geology

The Top property is underlain by Proterozoic to Paleozoic age siliciclastic and arc-related volcanic, magmatic and sedimentary rocks belonging to Yukon-Tanana terrane (YTT). In the region around the Top property, Yukon-Tanana consists of deformed and metamorphosed Devonian to Mississippian volcanic and sedimentary rocks of the Finlayson assemblage and Permian schists of the Klondike assemblage. Fault bounded slivers of Carboniferous to Permian mafic volcanic and marine sedimentary rocks of the Slide Mountain terrane are found interleaved with YTT rocks throughout the area (Nelson et al., 2013).

The Top property is predominately underlain by a sequence of metavolcanic and lesser metasedimentary rocks consisting of muscovite and/or chlorite quartzite, quartz-muscovite-chlorite schist, quartz and/or feldspar augen-bearing quartz-muscovite ±chlorite schist, augen gneiss and amphibolite of the Klondike schist. Compositional layering in the metamorphic rocks on the property is subparallel to foliation. The foliation dips gently to the south on a regional scale but undulates locally on the property. In the southeastern portion of the property, a small stock of unfoliated quartz-feldspar porphyry and a coarse-grained chlorite-altered felsic dyke intrudes the Klondike schist.

The Top Exhalite occurrence is a 70 cm thick, iron oxide-rich, barium, manganese and base metal enriched horizon. A chip sample collected across this horizon returned 250 ppm copper, 1980 ppm lead, 2830 ppm zinc, 4490 ppm manganese and 2190 ppm barium over 1.4 m (Carne, 1999). The metalliferous horizon is overlain by siliceous graphitic phyllite and a thin iron oxide-rich band.