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Million-plus spending on MAN property Nevada Star’s nickel, copper, PGE property in Alaska Range receives $1 million-plus in 2004 exploration spending Patricia Liles Petroleum News Contributing Writer
Two separate summer field exploration programs kicked off on the MAN nickel, copper and PGE property on the southern flank of the Alaska Range in central Alaska, with spending planned for this summer totaling $1.15 million.
Nevada Star Resource Corp., which put together the 269-square mile MAN property near the small community of Paxson at the intersection of the Richardson and Denali highways, has optioned roughly half of the parcel to Anglo American Exploration U.S.A.
Anglo began its preparatory work for this summer’s field season in May, with the actual on-the-ground work beginning earlier in August, according to Nevada Star President Robert Angrisano.
Anglo’s work this summer and fall includes completing a 2,500 line kilometer airborne Mag/EM survey, which is being flown with Anglo’s proprietary Spectrem aircraft. Geological mapping, prospecting, geochemical sampling and ground geophysics will also be completed this summer.
The new survey data will be combined with existing information from previous exploration programs to guide the ground program, with the goal of identifying drill targets for a winter drill program, Angrisano said.
“An exact date for the drilling program has not been set yet,” he said. “This is a $600,000-plus summer program.” Company also working to north In addition, Nevada Star is spending about $550,000 of its funds on the northern prospects of the MAN property, to include the Canwell, Rainy, Eureka and Broxson areas.
Field work started on July 1, which followed several months work on data reprocessing of UTEM, VLF, Mag and airborne EM data into a 3-D-mag inversion model, Angrisano said. Drilling was expected to begin in mid-August, using a reverse-circulation rig.
According to a company press release, Nevada Star anticipates completing 2,000 meters of drilling, but “the exact number of feet of drilling will depend on the mineralization identified during the drilling process,” Angrisano added. “The purpose of the drilling program is to explore the discovered embayment area for mineralization.”
Reprocessing data earlier this year identified a very large embayment area on the Canwell intrusion, which shows a large feeder to the west, connecting to the embayment, according to a company press release. Soil and rock samples show elevated levels of PGEs and nickel in the area, the company said.
“We are very excited by what we are seeing from the preliminary data, which verifies our assumptions about the magnitude of gold on the Specimen/Broxson area, and the location and mineralization of the embayment area on Canwell,” Angrisano said.
Editor’s note: For more detailed information about this project, please see the September issue of North of 60 Mining News.
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