stardust (optioned to sun metals)
Lorraine Copper owns a 100% interest in the Stardust copper-gold-silver project. Stardust is located in northcentral British Columbia, Canada approximately 145 km NW of Fort St. James. The region hosts a large geological endowment.
Stardust is a project with a rich exploration history dating back to 1941. Approximately $25 million has been invested in exploration at Stardust. Activities undertaken include 80,000 metres of drilling over 393 holes, 6,500 soil samples, airborne magnetic and EM surveys and extensive mapping and prospecting.
On 29 June 2017, it was announced that 1124245 B.C. Ltd. (now Sun Metals) a private sole purpose company and member of the Oxygen Capital Group would be optioning the project. Stardust will be the flagship project of a new Oxygen Capital public company called Sun Metals with Lorraine Copper becoming a 30% owner of that public company after earn-in.
Stardust is a large, coherent integrated porphyry-skarn-CRD-epithermal system. Regional geophysical and geochemical data indicate the system extends well beyond the identified mineralized zones. As shown in regional magnetics, a large, obvious intrusive complex is revealed that has been sparsely drilled. When soil geochemistry is layered on, it reveals numerous prospective areas that are untested. Sun Metals is creating a comprehensive and modern exploration program at Stardust to create value at a large scale.
Carbonate Replacement Deposits (CRD) are bodies of metallic minerals formed by the reaction of hot magmatic fluids with carbonate rocks, such as limestone or dolomite. The hot, metal-bearing fluids are driven upward from the heat source, an igneous intrusion (Glover Cu-Mo Porphyry), and dissolves the reactive carbonate rocks when they encounter them. That reaction changes the chemistry of the fluid, causing it to precipitate metallic sulphide minerals that often contain lead, zinc, copper and precious metals such as gold and silver. The metallic sulphide minerals effectively “replace” the carbonate host as the reactive fluids dissolve a pathway through it.
The fluid path is always continuous, and therefore the metallic bodies are too. Lorraine Copper and the Sun Metals team is using this knowledge to develop the Stardust exploration plans.