The recent downturn in mineral exploration caused a large area in this region to become open after being claimed by a number of parties for more than a decade.
The well known historical gold production from placer (~4 million ounce production) and lode (~1.2 million ounce production) gold deposits of the Wells/Barkerville area as well as the significant resource outlined at the Cow Mountain gold occurrence of Barkerville Gold Mines Ltd. (Measured and Indicated: 1.04 million ounces gold and Inferred: 3.94 million ounces gold) attest to defining the significant scale of this gold district.
The properties share characteristics with the deposits in Barkerville such as quartz-iron carbonate alteration, an association of gold with base metal sulphides and a possible relationship with altered gold-bearing felsic intrusions.
Exploration permits for each of the three properties have been received. The program includes induced polarization (IP) and magnetic surveying and mechanical test pitting. Soil grids, which do not require permitting, were established in July and analytical results are pending.
Brief summaries of these new properties are as follows:
Hedge Hog Property:
The property was staked to cover three different targets.
The first target, called Lottie, has massive sulphide boulders of possible volcanogenic massive sulfide (VMS) origin with samples assaying up to 24.3% copper and 19.6 g/t gold. Five samples of chalcopyrite rich massive sulphide boulders collected by Hudson Bay Exploration and Development in 2000 average 7.91% copper, 8.87 g/t silver and trace gold (139 ppb), lead and zinc.
The second target, called Golden Sky was discovered by an Eastfield exploration crew in 2013 on a recently constructed logging road. A gossanous rhyolite cut by narrow quartz veins returned an analysis of 1.51 g/t gold along with 1.01% zinc and 0.48% lead and accessory arsenic and antimony.
The third target, called Khan-Khan, also cover part of a large land package that was explored by Hudson Bay Exploration and Development in 2000 where massive sulphide boulders were discovered. The target deposit type at Khan-Khan is could again be either a VMS or alternately a structurally focussed precious metal vein deposit similar to gold occurrences closer to Barkerville. An active placer gold mine exists approximately one kilometer east of the Khan-Khan claim.