Carlyle Commodities Corp. (CSE: CCC) (FSE: 1OZA) (OTC Pink: DLRYF) (“Carlyle” or the “Company”) and its partner United Mineral Services Ltd. (“UMS”), a private company owned by Robert Dickinson, report the results of an initial three-hole core drilling program completed between September 14 and September 22, 2020 at their Mack copper-molybdenum-tungsten property (the “Mack Project”) located 23 km west of the village of Dease Lake, B.C., (“B.C.”). Amarc Resources Ltd., an affiliate of Hunter Dickinson Inc. (“HDI”), operated the drill program for Carlyle and UMS. Following the completion of the drill program, Carlyle and UMS will now form a 50:50 joint venture on the Mack Project.
The Mack Project drill program (the “Mack Drill Program“) comprised three, very wide-spaced NQ core holes (totaling 583 m) designed to test separate portions of a northwest trending, coincident copper, molybdenum, tungsten and bismuth, soil geochemical anomaly measuring about 1,000 m long and 400 – 500 m wide, located on an overburden covered alpine plateau (see drill plan and copper soil anomaly maps attached). In addition, a British Columbia Ministry of Energy and Mines Open File 1999-3 lists the Mack Project area as having potential for reduced intrusion related gold systems.1 Known example deposits of that type would include Fort Knox in Alaska and Brewery Creek in the Yukon.
The Mack Drill Program was designed to test the anomalous gold concentrations reported from trenching programs outlined in historical assessment reports filed with the B.C. government in 19762and 19793 and also to determine a bedrock source for anomalous concentrations of copper, molybdenum and tungsten in soil samples collected during a 386-grid sample program completed by UMS in 2018.4
All three holes (MK2001 thru MK2003) intersected the targeted geological setting; a sheeted and stockwork vein/fracture system hosted by granodiorite. No other significant rock types were encountered. Fractures, veins, alteration and occurrences of pyrite, chalcopyrite (copper) and molybdenite (molybdenum) were similar in all three holes but their degree of development varied. Fractures and veins varied in density, alteration intensity varied from none to weak, and sulphide mineralization varied from none to locally 10%. Pyrite occurs disseminated within the granodiorite and also in fractures and veins, whereas molybdenite and chalcopyrite occurrences are restricted to fractures and veins. An increase in the density of structures is generally associated with an increase in molybdenite and chalcopyrite. All three holes host scattered chalcopyrite and molybdenite from the start of the hole to the end of the hole. Chalcopyrite and molybdenite are hosted by quartz-pyrite fractures and veins, although more than 90% of fractures and veins are devoid of these minerals. All three holes returned anomalous, unevenly distributed, concentrations of tungsten (scheelite), anomalous bismuth and with no anomalous gold results.
MK2001 was drilled at an azimuth of 204⁰ and an inclination of -45⁰ to a length of 222 m. It was designed to intersect at moderate depth, the mineralization recorded from the nearby trenches and pits excavated by hand in 1976 and 1979. MK2002 was drilled at an azimuth of 070⁰ and an inclination of -45⁰ to a length of 197 m. It was designed to test an area of coincident moderate to high copper and molybdenum and scattered low gold in-soil anomalies returned from the 2018 geochemical soil sampling survey. MK 2003 was drilled at an azimuth of 237⁰ and an inclination of -45⁰ to a length of 164 m. It was designed to test an area of moderate copper in-soil anomalism also defined by the 2018 geochemical soil sampling survey.
Of the three holes, MK2001 contained a greater abundance of veins/fractures, numerous veins with sericitic alteration halos and the greatest amount of chalcopyrite, molybdenite and scheelite. Holes MK2002 and MK2003 were not as well mineralized as MK2001 and their geochemical results are lower (see Mack Drill Program analytical results table below).
| MACK ANALYTICAL RESULTS | |||||||||||
| Drill Hole |
Incl. | From (m) |
To (m) |
Int. (m) |
Au (ppb) |
Ag (g/t) |
Bi (ppm) |
Cu (ppm) |
Mo (%) |
W (ppm) |
WO3A (%) |
| MK2001 | Entire Hole | 2.7 | 222 | 219.0 | 1.3 | 0.47 | 5.0 | 248 | 0.015 | 104.4 | 0.013 |
| MK2001 | Incl. | 51.0 | 120 | 69.0 | 1.9 | 0.46 | 3.8 | 221 | 0.021 | 157.6 | 0.020 |
| MK2002 | Entire Hole | 7.3 | 197 | 189.7 | 1.1 | 0.32 | 0.8 | 193 | 0.019 | 35.0 | 0.004 |
| MK2002 | Incl. | 47.0 | 119 | 72.0 | 1.0 | 0.36 | 0.4 | 168 | 0.036 | 39.0 | 0.005 |
Carlyle Reports Drill Results at the Mack Project, B.C., Debt Settlement &
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