This is just one of three properties the explorer is going to be focusing its attention on, but the initial area of exploration for the team. Wedgemount confirmed it will be exploring on all three properties in the course of the Canadian summer.
Wedgemount was only recently listed on Canada’s CSE, but remains a tightly held copper explorer with roughly 15% free float. The stock hit the market at 45 cents and was trading at 79 at time of writing, after only a few weeks. Wedgemount Resources is dedicating itself to under-explored opportunities in key copper areas of BC. After listing it closed a deal on a third property, Friendly-Deer Lake, in south-central British Columbia.
Wedgemount’s Eagle property
The 2,500 hectare Eagle property is strategically located midway between the Mt. Milligan copper-gold mine of Centerra Gold and the Kwanika copper-gold development project of Northwest Copper. The property straddles the margin of the prospective Hogem Batholith where historical geological mapping and rock and soil sampling have outlined a broad, northwest-trending, three kilometre long corridor of porphyry-related copper-gold mineralisation. There are also widespread zones of copper-in-soil anomalies.
Three targets have been identified which have seen intermittent exploration since the mid-1960’s but have only limited drill testing. Highlights from historic drilling include drill hole EA91-06 which returned 27.28 metres of 0.87 % copper and 0.32 grams per tonne (g/t) gold (Nighthawk Zone) and drill hole EA91-12 which returned 17.9 metres of 0.82 % copper and 0.47 g/t gold, 2.5 kilometres north at the Vector Zone. Mineralization in both holes reportedly comprised porphyry-related disseminated and stringer-hosted chalcopyrite ± bornite.
In late-2020, Wedgemount completed a property-wide, 112 line-kilometre airborne versatile time domain electromagnetic (VTEM) and magnetic geophysical survey of the Eagle property. Results from the VTEM survey outlined multiple high-conductive anomalies locally coincident with known porphyry-related copper-gold mineralisation. A newly identified, 270 by 350 metre anomaly, one kilometre southeast of Nighthawk, was located and represents a priority area for geological mapping and sampling (Price and MacDonald, 2021).
Podcast: Mark Vanry, CEO of Wedgemount Resources
Wedgemount’s 2021 exploration plans for Eagle
Prior to crew mobilisation, Wedgemount completed a thorough compilation of all historical geological, geochemical, and geophysical data. This compilation forms an important digital framework for targeting in under-explored areas.
Phase 1 of the multifaceted program will consist of focused geological mapping, rock and soil sampling and re-logging of historic drill core followed by a targeted induced polarisation (IP) geophysical survey. The overall goal of the program is to improve the understanding of mineralisation and alteration styles of the main zones and to define new vectors to aid in drill hole targeting.
The other property in the Wedgemount portfolio is Red Copper, which sits in the prolific southern Toodoggone copper belt. As with the Eagle deal, the explorer is following strict capital discipline with its acquisitions with a focus on accretive acquisition terms and prudent capital expenditure in the initial exploration phases. Red Copper gives Wedgemount one of the largest land packages in arguably one of the most highly sought after copper districts in British Columbia.