New gold results boost optimism in northwestern B.C.
By Greg Klein
Next Page 1 | 2
The location is northwestern British Columbia, east of the Alaska Panhandle. The terrain is mountainous. Winters aren’t friendly. The nearest town is Stewart, population 670. But the region is a hive of exploration, with several companies holding inter-related interests. On September 13 two of them announced additional gold assays.
- 18.62 grams per tonne gold over 11 metres
- 9.81 g/t over 6.25 metres
- 14.33 g/t over 1.83 metres
- 4.14 g/t over 6.1 metres
- 2.5 g/t over 10.1 metres
- 3.21 g/t over 4.67 metres
- 4.75 g/t over 1.68 metres
True widths were not available. Depths extend to 99 metres except for one result (grading 2.5 g/t over 10.1 metres), an intercept from 564.63 metres to 574.7 metres. That hole tested the Upper Montrose Zone at depth in the area of the Lower Montrose Zone, where the other intercepts were drilled. The Red Cliff Property hosts the Upper Montrose, Lower Montrose and Red Cliff Copper-Gold zones.
Red Cliff lies 20 kilometres north of Stewart, Canada’s most northerly ice-free port. The property is 1.5 kilometres by road from a paved highway.
The companies state that this year’s work has shown gold-bearing zones within a 30-metre-wide shear zone that has been followed over two kilometres in a north-south direction. Anomalous geochemical stream sediment samples north of the present work area indicate potential for an additional kilometre of strike length.
So far 65 holes have been sunk along the Lower and Upper Montrose zones, which remain open to depth and along strike.
Decade holds a 65% interest in the Red Cliff Property and acts as operator, with an option to earn 100%. Decade is also earning a 100% interest, subject to a 2% NSR, in the Silver Crown 6 claim directly north of Red Cliff. Decade owns 100% of the Red Cliff Extension claim immediately east of Silver Crown 6.
Decade’s Silver Crown 6 option is with Teuton Resources Corp TSXV:TUO and Silver Grail Resources Ltd. Teuton’s other activities in the region include its High Property, where two rigs are now in operation, following last year’s gold sampling and trenching.
Last February Teuton optioned its Tennyson Gold-Copper Property, 40 kilometres north of Stewart, to a private company in the Hunter Dickinson group. The deal was worth $500,000 cash and $7 million in shares.
About 150 metres north of Teuton’s High Property begins Pretium Resources’ TSX:PVG Brucejack Property, which last week released an updated resource for its Valley of the Kings Deposit. The estimate shows an indicated category with 5.1 million ounces gold and 4.5 million ounces silver, and an inferred category with 5.1 million ounces gold and 2 million ounces silver. The cutoff comes to 5 g/t gold-equivalent.
The company now has nine rigs drilling Valley of the Kings and satellite zones.
Next Page 1 | 2
Pages: 1 2