Past

The Emigrant Mining District has been the site of small scale lode and placer operations since the 1870’s. During the period 1864 to 1935 an estimated 40,000 ounces of gold was produced dominantly from placer operations. The most recent phase of modern exploration started in 1990 when Kennecott drilled six helicopter supported core holes on the south flank of DUV Ridge. All of these holes intersected anomalous to ore grade gold and copper mineralization. Listed here is an outline of historic production and exploration that has occurred in the Emigrant Creek Project area:

1864 Placer gold discovered in Emigrant Creek.

1885 Lode gold discovered at St. Julian claims, followed by minor production from underground workings.

1864 -1930 An estimated 40,000 oz gold produced from 1864 to 1930 principally from placer deposits.

1963 American Metal Climax, Inc. (AMAX) drilled one exploration hole on the east side of Emigrant Peak (hole E-1) and another near the junction of Emigrant Creek and the East Fork of Emigrant Creek (hole E-2) (Green 1976).

1966 Minerals Exploration, Inc. a subsidiary of Union Oil Corporation sampled the Allison prospect area as part of a regional molybdenum exploration program.

1970 Basic Metals, Inc. drilled 15 (?) holes in the Great Eastern (or Base Metals) breccia pipe in Emigrant Creek.

1971-1973 Duval Corporation explored for Cu-Mo-Au porphyry by drilling 10 core holes (holes MED 1-10) in the Emigrant District about 7 of which were located along the East Fork of Emigrant Creek both north (in the DUV Ridge area) and south (St. Julian area) of the creek; in addition Duval conducted approximately 4 linear miles of induced polarization geophysical surveys (Duval Corporation, 1973).

1975 Duval Corporation drilled one additional hole in a joint venture agreement with Gulf Mineral Resources, Inc. in 1975 as part of the same program (Pfau, 1981).

1980 Bear Creek Mining Company a subsidiary of Kennecott Copper conducted a coppermolybdenum exploration program on the east flank of Emigrant Peak.

1987 Montana Mining and Reclamation (MM&R) begins testing placer deposits along Emigrant Creek and consolidates a land position including lode mining claims.

1988-1990 Sandhurst Mining NL, in a joint venture with Montana Mining and Reclamation, began a gold exploration program in 1988 which included geologic mapping and sampling of both lode (DUV Ridge and St. Julian target areas) and placer deposits in the Emigrant Creek drainage (Harrison, 1990). The joint venture was terminated in 1990.

1990 Kennecott Exploration obtains an option from Montana Mining and Reclamation through Fischer-Watt Gold Company and began a gold exploration program. Before the option was terminated, Kennecott had drilled six core holes on the DUV deposit.

1991 Harrison Western Environmental Services, Inc., began evaluating the gold placer deposits along the upper part of Emigrant Creek, the East Fork Emigrant Creek, and Huckleberry Gulch; they completed 10 sonic drill holes.

1991-1993 Pegasus Gold Inc. acquires Kennecott’s interest in the MM&R properties and entered a joint venture, also with Fischer-Watt Gold Company; to conduct a gold exploration program in the district (The Mining Record, 1991) on the DUV Ridge Target Area and on patented mining claims in the St. Julian area. 1991 to 1992 Pegasus drilled twenty six helicopter supported core holes (13,774 feet) and 24 reverse circulation holes with a track mounted drill (9,400 feet) in six target areas (Figure 4). Approximately $4.8M in work was completed in the district from late 1980’s to early 1990’s by Kennecott Exploration and Pegasus Gold.

2007 NewEdge Gold Corp acquires a lease/option on several properties in the Emigrant District. NewEdge dropped the project in 2008 as a result of collapse in the market.

Present

Lucky Minerals owns the database of all historical production and exploration activities which have occurred on the property. Over the years, approximately $20 million has been spent by a number of mining concerns in various exploration activities including drilling, induced polarization geophysical surveys, rock chip sampling and geologic & alteration mapping to define the geology and desirable target areas for ongoing exploration.

An extensive review of the data was conducted and a multi-stage exploration plan has been put in place for further exploration of the various zones within the Project boundaries. The exploration plan will begin in the summer of 2017 and includes diamond drilling in the known mineralized zones and following these zones along strike and to depth. In addition, extensive work involving geophysics, geologic mapping and sampling will be done to examine previously unexplored target areas on the Emigrant Creek Project properties. The initial exploration program budget is estimated at US$2,500,000.

Future

An application (Plan of Operations) will be made for road access construction and an Environmental Assessment program will cover additional drilling locations and future stages of exploration that will lead to a full resource definition on all of the various zones. It is anticipated that an additional $5 million would be spent on the subsequent stage. The distribution of ongoing and future exploration activities will be determined by the results of the first stage program.