Marmot Ridge Copper-Molybdenum Project

The Marmot Ridge Cu-Mo project is a new discovery by King Solomon. It consists of a > 6sq km Cu ± Mo ± Au anomalous hydrothermal alteration system associated with a granitic intrusive complex and affecting also, an adjacent sequence of Palaeozoic basic to intermediate volcanic flows and fragmentals. Anomalous Cu values are widespread in the volcanic sequence and a zone of Mo mineralisation has been located in an alkaline phase of the intrusive complex. Both the granitic rocks and the volcanics are intruded by diorite or quartz diorite porphyry stocks and dykes. The full sequence has been strongly faulted along east-west, west-northwest and northeast trends.

King Solomon has completed a substantial amount of exploration work at Marmot Ridge including:

• Geological mapping to establish the geological setting and define the extent of the alteration system;
• Satellite imagery analysis to assist with mapping and structural interpretation;
• Surface rock-chip, soil and lag sampling to investigate surface geochemical signatures of underlying mineralisation;
• Trenching for better geological exposure;
• Ground magnetic and IP surveys to assist with sub-surface geological interpretation;
• Thirty eight diamond drill-holes for 9,953m to establish the third dimension geology and geochemistry of the alteration system.

This work has focussed attention on association of copper anomalism with the margins of quartz diorite intrusives underlying the volcanics widespread at surface at Marmot Ridge, and on association of molybdenum mineralisation with a granosyenite plug on the northern flank of the ridge.  The company is currently analysing and synthesizing all the data gathered over the three year project life, with a view to determination of alteration and mineralisation vectors that will enable pursuit of the mineralisation under thick sand deposits that flank the ridge. There are indications that the alteration system is still considerably larger than indicated to date and a lot of promising ground remains to be covered.  Of the 38 drill-holes, 13 have been directed toward the Mo mineralisation on the northern flank of the system and 25 toward the porphyry Cu pursuit.

The ultimate exploration objective at Marmot Ridge remains a porphyry Cu-Mo-Au deposit i.e. a large-scale, low-grade, bulk-mineable deposit.  A number of such discoveries are emerging from exploration on either side of the Inner Mongolia – Mongolia border.  The company recognises the following favourable parameters within the project area:

• A Palaeozoic arc tectonic position
• Widespread alteration of an intermediate calc-alkaline volcano-intrusive complex
• Presence of:
• Zones of persistently anomalous Cu ± Mo geochemistry
• Late stage felsic volcanic flows and dykes
• Alkaline intrusive phases
• Quartz diorite porphyry intrusives
• Intense and episodic alteration with strong zoning indications
• Local crackle fracturing, brecciation and quartz stockwork veining; quartz-hematite-magnetite zones
• Gossan-capped hydrothermal breccias.