In the absence of a web site, here is the text of Redhawk's brochure. Too bad we can't put maps here, because looking at one longitudinal section which shows how the orebodies from the Reeves MacDonald mine go onto the Redhawk's Remac property says it all.
This is a long one.
REMAC ZINC SUMMARY
Redhawk has assembled this 9 square mile property over the past four years,
consolidating what was an historically fragmented mineral package and which
had, fortunately for Redhawk, stymied project wide exploration and
development at Remac. The Company believes it has found an overlooked and
significantly undervalued base and precious metal asset.
This exciting zinc, lead, silver, cadmium project will now be the subject
of a carefully staged exploration and development program designed to turn
potential reserves into mineable ore reserves.
The property adjoins the past producing Reeves MacDonald Mine which
operated for 26 years from 1949 to 1975. Past production at the Reeves
MacDonald Mine was achieved from four sulphide zones located within the
Reeves limestone member of the Lower Cambrian Laib formation.
Quoting from the Geological Summary Review Report dated August 12, 1997
from Redhawk's Geological Consultant, Mr. Ralph Westervelt, M.Sc, P.Eng. on
the Company's Remac property:
"These four zones show remarkable down plunge continuity, are
repeated several times by block faulting, and are of probable SEDEX origin.
Definite mineralogical and grade differences are noted between the zones
with grades ranging from 3.5-12.9% zinc, 1.0-5.0% lead, 0.02-0.09% cadmium,
and 0.3-3.5 ounces silver per ton.S
The present review clearly indicates a major potential for
developing significant new sulphide reserves on Redhawk's property.
Drilling in 1986-88 essentially confirmed the faulted continuity of three
of the ore zones (Annex, Annex West and Redbird) immediately west of the
old Reeves MacDonald Mine with a potential reserve of some 5 million tons
averaging about 8% Zn, 3% Pb, 0.05%Cd, and 2 opt Ag.S
Further sulphide target areas have been defined for exploration
with a reserve potential estimated at about another 9 million tons."
Beyond this there are no currently known geological limits to the ore
making potential in the unexplored portion of the Reeves limestone unit on
the Company's property at Remac.
It's also interesting to note that in the drilling program described above
5 of these holes unexpectedly encountered zinc mineralization uphole in the
Prospect dolomite unit. Ongoing drilling of the primary Reeves limestone
targets will provide the bonus of further information about any potential
ore making possibilities in the Prospect dolomite.
PROPERTY GEOLOGY AND MINERALIZATION
Quoting further from Mr. Westervelt's Report:
"Mineralization consists of well-laminated bands and lenses of
massive and disseminated pyrite, light honey-coloured sphalerite, galena,
and trace amounts of chalcopyrite. Typical ore averages about 10-15%
pyrite, 10-20% sphalerite, and 1-3% galena (i.e. about 20-40% total
sulphides). The sulphides tend to follow original bedding, have a high
grade central core, and gradually feather out along strike. No extensive
"barren" pyritic zones are evident. ...
In plan, the ore zones have a lensoidal shape conformable with the
host sediments with strike lengths from 450-650 feet with local widths up
to 80 feet. All zones plunge steeply to the southwest and exhibit
remarkable down plunge continuity (i.e., the original Reeves Zone was mined
continuously down plunge through a vertical range of 3500 feet without
noticeable change in structure or grade).
As shown on Figure No.1, four distinct ore zones have been mined on
the Reeves MacDonald property, the Reeves, the Annex, the Annex West, and
the Point (Red Bird). All are repeated to the west through normal faulting
and all have considerable down plunge continiuty."
The Reeves zone is the lowest grade zone and provided the bulk of the ore
previously mined. Next in grade is the Annex West zone. The highest grade
ore zones are the Annex and Redbird (Point) zones.
From a mining standpoint at Remac we are fortunate that the limestone unit
hosting these ore bodies is extremely competent. The previous operation
employed open stope mining methods, allowing for extremely low cost
operations and very little pillar loss. This is highlighted by the example
in the Reeves zone above, where the stope remains essentially open 35 years
later.
Metallurgically speaking the ore is very clean milling; the previous
operation had concentrator zinc recoveries well over 90 per cent and
produced two premium zinc and lead concentrates.
RECOMMENDED WORK PROGRAM
Mr. Westervelt recommends a two stage $2.5 million surface core drilling
program for Redhawk's Remac project. Successful completion of this Program
will lead to an underground development program designed to bring the
project to the formal feasibility study stage.
The Phase I $975,000 program will focus on the Annex zone, one of the four
known ore zones at Remac. In the 1986-88 drill program two holes
intersected the Annex zone. These intersections, from holes 87-1 and 88-1,
are reported above in Table 1.
Table 1. (See Figure No. 1 for these hole locations).
Hole # Width % Zn % Pb oz. Ag lbs. Cd
87-1 54 feet 8.0% 0.88% 1.6 oz 1.8 lbs
including 26 feet 10.0% 1.64% 2.21 oz 2.4 lbs
88-1 30 feet 7.53% 0.39% 3.11 oz 1.6 lbs
(LONGITUDINAL SECTION FIGURE # 1)
If our geological interpretation is correct these holes hit closer to the
eastern and western extremities of the zone than to its central core.
Mining history next door at the Reeves MacDonald Mine shows us these zones
tend to narrow and grade outwards along strike from the central core.
Mining history also shows us there was no noticeable down plunge change in
grade in any of these four zones where they were mined.
In Phase I we expect to also drill our first hole targeting the Redbird
zone. This hole will be located down plunge from the previously drilled
hole 86-5 (see figure I) which intersected the zone at the oxide/sulphide
boundary, providing us with a good fix on the Redbird zone's location in
this segment of the ore making limestone formation.
The Company is fortunate to have retained the services of Mr. Gerald
Klein, P.Eng., the former Chief Geologist at the Reeves MacDonald Mine
(from 1970 to 1974). He was responsible for laying out the holes
successfully drilled on the property in 1986-88 and will work with Mr.
Westervelt and our exploration crews in this capacity and in providing
geological interpretation based on his knowledge developed from day to day
hands on experience finding and developing ore at Remac.
A $1.525 million Phase II core drilling program will follow the successful
completion of Phase I. Phase II drilling will continue resource building in
the Annex and Redbird zones, commence testing the other known ore zones in
this segment and perhaps do a little exploration further updip in this
fault block and some initial wildcatting further to the west targeting the
next projected position of the ore making limestone unit.
Phase II will be followed by an underground development program. This
program will begin with a decline entry and will include closely spaced ore
definition drilling and initial mine development.
LOOKING AHEAD
Following completion of this program Redhawk expects to have gathered
enough information to be in a position to prepare a formal feasibility
study on the economics of developing a profitable mining operation at
Remac. Assuming an initial 5,000,000 ton ore reserve a mine producing 1400
(1200) tons per day would operate for 10 years (12 years).
The consensus of market forecasts we have seen for zinc on through the turn
of the Century call for rising consumption, falling inventory and stable to
higher prices.
With the necessary supporting infrastructure located in close proximity to
the Property and with the favorable year around climate at Remac the
Company foresees little difficulty in exploring and developing the Remac
zinc project on a year round basis. This access to existing local
infrastructure should have a very favorable impact on any future mining
capital and operating cost requirements and will help make environmentally
responsible development at Remac by Redhawk a fairly straight forward
proposition.
MANAGEMENT AND CORPORATE OBJECTIVES
Redhawk's management team has a proven track record in successfully
identifying and promoting quality projects and has direct hands on
experience in exploring, developing, financing, constructing and operating
underground mines in Canada.
By acquiring 100% interests in it's Remac properties Redhawk has
positioned itself to take maximum advantage of and deal from the strongest
and most flexible position as it's zinc project progresses.
With the ongoing and ultimate objective of forwarding the project and
maximizing value for all shareholders (the Company's management and
directors are significant shareholders) Redhawk's Remac project should
place the Company in a strong position, whether negotiating development or
production financing, joint-ventures or in any potential buyout or share
exchange negotiations with senior base metal industry producers.
(DRILL HOLE SECTIONS -figure)
captionS
Drill hole Sections for holes 87-1, 87-3, 88-1 showing the main Reeves
limestone intersections in the Annex Zone in 87-1 and 88-1 and the
unexpected intersections in the overlying Prospect Dolomite. (See Figure 1
for relative locations of these holes.) Hole 87-3 intersected the western
extremity of the Annex Zone along strikes as it feathered out beyond the
ore zone.)
PROPERTY LOCATION AND OWNERSHIP
Redhawk's Remac zinc project is located in south-central British Columbia
immediately north of the Washington State border. The property lies about
20 road miles south-east of Cominco's zinc smelter complex at Trail,
British Columbia and 15 miles north- west of Cominco's recently acquired
Pend Orielle zinc lead concentrator and project at Metalline Falls. The
town of Salmo is located 18 miles to the north-east of Remac.
The property consists of approximately 9 square miles of mineral rights
including both located mineral claims and mineral crown grants. The
property, 100 per cent owned by Redhawk, is in part subject to two small
non-overlapping Net Smelter Return Royalties (NSR'S). One NSR (2.5%) is
capped at $U.S. 1,000,000. On the other one (NSR 2%) three-quarters of it
(1.5%) may be purchased at any time for $Cdn. 1,500,000. And in this case
the Company retains the first right of refusal to purchase the balance of
the royalty (0.5%).
Included in the Company owned mineral properties is the Grouse Group
located about 3.5 miles northeast of the main property. Like most of our
main property, it appears that this overburden covered segment of the ore
host limestone unit has had little if any previous exploration.
(MAPS - figure)
CORPORATE INFORMATION
Directors and Officers
Kristian Ross, President
Frederick Davidson, CFO and Secretary
Richard Somerville, P. Eng.
Victor Guinet
Stock Listing
The Vancouver Stock Exchange
Trading Symbol RDK:V
Shares Outstanding 2,954,821
Fully Diluted 3,288,155
The Project and Corporate Information in this brochure is current as of
August 1997
For Further Information Please Contact:
Kristian Ross
Phone/Fax (250) - 494 - 7620
Box 1410
204 - 9910 Main Street
Summerland, B, C., Canada V0H 1Z0
Fred Davidson
Phone (604) - 681 - 9501 Fax 681 - 6813
900 - 543 Granville Street
Vancouver, B. C., Canada
V6C 1X8 |
