Canam Deposit

"The Canam property is in southern British Columbia, 24 miles southeast of Hope. It is reached by 5 miles of road from Mile 26 on the Hope-Princeton Highway.Between the years 1930, when the property was discovered, and I 938 development work by The Consolidated Mining and Smelting Company of Canada, Limited included some open-cuts and six adits totalling 2,700 feet in length. Canam Copper Company Ltd. explored the property intermittently from 1947 to 1955 by diamond drilling and underground work, including driving No. 10 adit. From surface down to the level of No. 10 adit, about 1,250,000 tons of ore has been outlined with an approximate grade of 1.25 per cent copper, 0.8 ounce silver per ton, and 0.01 ounce gold per ton. The ore in the upper part of the deposit also contains a little molybdenum and a little uranium.In June, 1955 Canam Copper Company Ltd. made arrangements to have the property brought into production under the direction of Mogul Mining Corporation Ltd. of Toronto, and a new low level adit has been started.GENERAL GEOLOGYThe principal rocks on the Canam property are chert, cherty argillite, and argillite. They are considered to be Jurassic or Lower Cretaceous in age. Although massive bands to 150 feet in thickness occur, these rocks are in general thinly bedded. Conformable bands of pyrrhotite, a fraction of an inch in thickness, are not uncommon in the well-bedded rocks, and fine tourmaline can be observed in various places.The sediments strike slightly west of north and dip quite steeply, generally eastward; however, sharp divergences from this general attitude are fairly common.Dark grey dioritic sills, in which slender prismatic crystals are conspicuous, are fairly common in the sediments. In general the sills are less than 25 feet in thickness, but a few are as much as 100 feet thick. Under the microscope the sills are seen to consist largely of amphibole (pargasite) and plagioclase (near An50)."