Projects
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BC Projects
British Columbia Epithermal Gold and Lead-Zinc Projects
Available for Option or Joint Venture
Ospika Project, Northeastern British Columbia
The Ospika project is located 50km east of the northern end of Williston Lake, 225km WNW of Fort St. James and within the Selwyn basin (at the southern most extent of the Kechika Trough) which is considered one of the most productive regions for zinc-lead-silver sedimentary exhalative (SEDEX) and stratiform barite deposits in the world (Goodfellow and Lydon, 2007).
Gunsteel Formation
A property visit by previous owner Takara Resources in August 2008 confirmed the presence of the prospective stratigraphy, regionally known as the "Gunsteel Formation" (pictured above, showing sedimentary pyrite beds) which hosts numerous SEDEX deposits in the area such as TeckCominco's Cirque and Driftpile, and Mantle Resources' Akie.
Ospika has all of the characteristics common to substantive lead-zinc-silver deposits in the region, but only minimal exploration work has been conducted to date. From the available historic data, assessment reports indicate up to 110,000ppm barite in stream sediment heavy mineral separates (BC assessment report 10831). In the fall of 2008, Takara Resources commissioned an airborne magnetic and EM survey on the Ospika, followed by a ground reconnaissance program.
Results of this fall exploration program confirmed the presence of the historic Reb Showing as well as the presence of favourable stratigraphy prospective for SEDEX lead-zinc-silver (Pb-Zn-Ag) type deposits. The Reb Showing was discovered in the 1980's by Esso Resources and consists of bedded pyrite within siliceous shales. The discovery prompted soil sampling and mapping, resulting in scattered Pb-Ag soil anomalies. Significant barium anomalies (within heavy mineral separates), with up to 110,000 ppm Ba, occur up slope from the Reb exposure. Original assays taken from quartz and barite veins (located upslope from the Reb) returned 0.28% copper (Cu), 0.01% Pb, 0.03% Zn and 0.1 ounce/ton (oz/ton) Ag.
Epithermal Gold-Silver, Interior Plateau, BC
Large epithermal deposits have been discovered within the same geological belt that hosts the Big Bar and Baez epithermal properties. Regionally, the belt which extends along the western North American coast is known to host major epithermal gold deposits (such as the world class Coeur D'Alene deposit
Takara Resources conducted modern airborne magnetic and EM geophysical surveys in September, 2008, followed up with a related alteration mapping and prospecting program.
Big Bar
Epithermal, brecciated, mineralized vein systems characterize the property, located 55km W of Clinton. Historic grab samples from various vein sets have assayed 0.9 to 2.17 g/t gold and 3.0 - 45.9 g/t silver.
Above: advanced argillic alteration, Big Bar property
Baez
Located 50km southwest of Nazko, Baez is underlain by favourable felsic volcanic rocks, showing advanced argillic (epithermal) alteration. Historic drill core data records assay values of 6.2 g/t silver, 0.32 g/t gold, and 995 ppm arsenic, over 2m.
Geochemical Targets
An additional five grass roots properties host anomalous Cu and Au stream sediment geochemistry (BC Geoscience). All targets are located in the Central Interior, northwest of Williams Lake, and are easily accessible by vehicle from major highways and logging roads.
The information posted above was accurate at the time of posting, but may be superseded by subsequent disclosures.
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