On the Property, polymetallic volcanogenic massive sulphide (“VMS”) style deposits (including Arctic) and prospects are hosted in the Ambler Sequence, a group of Middle Devonian to Early Mississippian, metamorphosed, bimodal volcanic and volcaniclastic rocks with interbedded metasediments. VMS-style mineralization is found along the entire 110-kilometer strike length of the district.
Mineralization at Arctic occurs as semi-massive to massive sulphide beds within primarily graphitic and quartz mica (+/- chlorite) schists. The sulphide beds average 4 meters in thickness but vary from less than 1 meter up to as much as 18 meters in thickness. The bulk of the mineralization is within an area of roughly 1 km2 with mineralization extending 250 meters below the surface. Mineralization is predominantly coarse-grained sulphides consisting mainly of chalcopyrite, sphalerite, galena, tetrahedrite, arsenopyrite, pyrite and pyrrhotite. Trace amounts of electrum and enargite are also present.