AJAX CU-AU PROJECT

South Central British Columbia, Canada

Rainbow Zone

The Rainbow zone is a copper-gold mineralized zone favourably situated 3.5 kilometres southeast from the past producing Afton mill site, along the same structural trend that hosts the previously mined Afton, Pothook, and Ajax ore bodies. The mineralized body has a current strike length of 500 metres, a thickness range of 50-150 metres, and a steep southwest dip that has been traced for up to 500 metres below surface. The geometry of the deposit is roughly tabular with an east-west to east southeast orientation. There is excellent potential for expansion, along strike, down dip and at depth. 

A 3D-IP geophysical survey completed in 2003 demonstrates good correlation with the known mineralization, and extends virtually untested 400 metres northwest of the Rainbow area.
 

Geophysics IP Survey

Geology Plan

Section 75E

DM Zone

DM Audra Zone (looking West)

The western end of the DM-Audra-Crescent zone lies 1.5 kilometres east of the Afton pit and forms a 1.5 kilometre mineralized trend eastwards toward the junction of the Trans Canada Highway and the Coquihalla Highway. This mineralized trend lies within a 5 kilometre long structural corridor that extends from the Afton Deposit eastwards to the Big Onion deposit, near the Iron Mask industrial area. In the DM-Audra-Crescent area, this structural zone occurs mainly as strong gouge-rich fault which has a well-developed fabric. This fault zone separates the mineralized Cherry Creek monzonite intrusive phase on the north from the older Pothook phase to the south. In 2004, Abacus completed its first diamond drill program on the DM/Audra/Crescent trend. Over 11,300 metres of diamond drilling was completed and was successful in establishing continuity of mineralization between the DM and Audra zones. Drilling highlights in 2004 include drill hole DA-04-006 grading 0.42% copper, 0.26 g/t gold, and 0.08 palladium over 308.9 metres. Copper-gold mineralization at the DM-Audra Zone outcrops at surface, and varies from 20 metres to over 200 metres in thickness, at least 300 metres in depth along a strike length of over 1200 metres. The zone appears to dip steeply to the south.
 

DM Zone Section 7N

Geophysics IP Survey

Geology Map

All information on the Rainbow and DM Zones is taken from internal company reports from 2005, which are considered historic in nature.