The Indata property is located approximately 130 kilometres to the northwest of Fort St. James in central British Columbia, Canada. It is situated along the trend that hosts several porphyry copper-gold deposits including Mt. Milligan (542.1Mt @ 0.201%Cu and 0.335g/tAu, proven + probable), Kwanika (73.7Mt @ 0.377%Cu and 0.295g/tAu, PEA mine plan) and former gold-copper producer Kemess Mine (see Fig. 1).
THE INDATA PROJECT
Rise Resources Inc. signed an option agreement with Eastfield Resources Ltd. (“Eastfield”) on May 18, 2015 to earn up to 75% interest by completing a feasibility study. Eastfield acquired the property from Imperial Metals Corp in 1986. Imperial Metals still retains an 8.9% interest on the property.
Two types of mineralization have historically been explored for on the property; porphyry style copper-gold mineralization and motherlode style gold-silver veins. Several diamond drill holes had been drilled on one porphyry copper target on the property. Drill intercepts have included gold intercepts to 47.26 g/t gold over 4 metres and porphyry copper intercepts to 0.20% copper over 145.4 metres.
Over 70 kilometres of geochemical and geophysical grid were completed over the northern portion of the property while the southern part has remained underexplored if not unexplored. Recent access road building on this area exposed altered diorite rubble which assayed 0.78% copper. Rise plans to conduct geological mapping, ground geophysics and soil sampling on the southern part of the property (South Target on Fig. 2) to follow up on this mineralized outcrop and define drilling targets.
Fred Tejada, President and CEO, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information on this website.