Sheep Mountain is available for option. The Sheep Mountain porphyry copper prospect consists of 27 unpatented claims located 45 kilometers from Prescott, Arizona.
Four erosional windows on the Sheep Mountain property have been recognized to date, exposing altered and weathered Laramide crystalline rocks (quartz monzonite and felsic schist) below the Tertiary volcanics. Basement rocks at all of the erosional windows are variably fractured in a northwest-southeast direction.
At one of the windows, the Red Creek target, the basement crystalline rocks are intensely fractured, and are variably mineralized with a locally well-developed quartz stockwork vein system. Irregular malachite, jarosite, and goethite mineralization are present in fractured crystalline basement rocks, and within the quartz veins. This setting is interpreted to represent a leached cap to underlying porphyry copper mineralization, most likely oxide as a result of supergene enrichment. A single drill hole completed by Phelps Dodge in the 1960’s (Hole UC 2) as part of their grid drilling program is located on the eastern margin of the Red Creek target, and intersected 83.5 meters of 0.22% Cu including 6.1 meters of 0.60% Cu. Significantly, the mineralized intercept starts at 60 meters from surface, and is outside the fractured zone.
The Red Creek window covers an area of about 200 x 800 meters, with the fractures striking for over two kilometers before being covered by volcanics and/or overburden. Based on drill data at Castle Peak, a blanket of chalcocite mineralization may exist within 60 meters of surface (now at, or lower than, the paleo supergene erosional surface), possibly centered above a pyrite shell controlled by an underlying fractured quartz monzonite intrusive. Given the surface dimensions of the Red Creek window, the surrounding fractured zone, and the thickness and grade of known mineralization at Castle Peak, the Red Creek target has a potential of some 50 million tonnes grading 0.75 % oxide copper.
In addition to the Red Creek target, untested erosional windows have been identified at Hole UC20, Burro Spring, and Ash Creek. Fracturing associated with variable quartz veining and malachite, jarosite, and goethite mineralization has been identified at all of the windows, though apparently subordinate to the Red Creek window. There is also an untested resistivity target east of the Red Creek target. Success with a drilling program at the Red Creek target could make these secondary targets more attractive, and potentially increase the total property resource to over 200 million tons.