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Clear Lake

Yukon

Location: Yukon

Highlights

  • 121 Mineral Claims
  • 6,125 acres (2,479 Ha)
  • Extensive exploration work on the property including 71 diamond drill holes (18,219 meters)

The Clear Lake Property is located in the Yukon and consists of 121 contiguous claims covering approximately 2,479 hectares. The property is located 65 km east of Pelly Crossing, 90 km northeast of Carmacks and 225 km north of Whitehorse. A winter road links the Property to the all-weather North Klondike Highway at Pelly Crossing, approximately 65 km to the west.

Clear Lake is a SEDEX massive sulphide deposit occurring within the Devonian to Mississippian-aged Earn Group shale. SEDEX deposits often occur in clusters at a specific geological time horizon and are a major source of zinc and lead, accounting for more than 50% and 60% of the world’s reserves of these elements respectively. The Clear Lake Zn-Pb-Ag SEDEX deposit includes a historical inferred mineral resource of 7.65 Mt grading 7.65% Zn, 1.08% Pb, and 22 g/t Ag using a 4% Zn+Pb cut-off. This historical mineral resource estimate has not been verified by a Qualified Person, is not considered current, and should not be relied upon.

In 2008-2009, a previous operator carried out helicopter-borne VTEM and magnetic surveys, followed by a ground program of induced polarization and gravity surveys, in three target areas. Analysis by Condor Consulting Inc. and Aurora Geosciences Ltd. revealed coincident/complementary gravity, EM and IP anomalies, characterized as possible massive sulphide bodies with similarities to the Clear Lake deposit itself. Eastern Zinc plans to re-evaluate the historical database for the property and utilize this valuable information for future drill hole targeting.

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