This report summarizes all the previous exploration work on the Sandspit Gold property and recommends a program of further geological mapping, geophysical surveys and contingent diamond drilling to further evaluate the ground. It also documents the results of a short geological mapping, prospecting and trail building program conducted in July 1997.
The Sandspit Gold property has the potential for the discovery of a large, bulk mineable epithermal gold deposit similar to Misty Mountain Gold Ltd.'s "Speconga Deposit" which is 40 km (25 miles) north. Misty Mountain has announced plans to complete a bankable feasibility open pit study in 1998 aimed at putting the ore zone into production. Recent estimates include the ore body contains 7-8 million tons averaging 0.1 ounces gold per ton or 28 million tons 0.061 ounces gold per ton. The Specogna Deposit hosts a geological resource of over three million ounces of gold contained in 59 million tonnes with an average grade of 1.66g/tonne Au. It is still open to the north west and to depth with excellent potential to develop additional reserves.
The Sandspit Gold property is located along the Sandspit Fault, a major crustal structure that is an important ore-control at the Specogna Deposit. Drilling to date at the Sandspit Gold property has encountered grades of 0.096 oz/ton over 9.31 metres with selected samples assaying up to 0.43 oz/ton within a 700 metre by 400 metre target area defined by arsenic soil geochemistry and magnetic anomalies. Gold mineralization appears to be deposited in an epithermal environment and further drilling and trenching is required to determine its' extent. A rock float sample was discovered in 1988 (Hepp, 1988) along Copper Bay Creek which assayed 0.268 oz/ton Au, 0.34% As, 0.15% Sb and 5.9 ppm Ag, which is located 3 km south of the Baxter zone.
Over $300,000 has been spent to date on the Sandspit Gold Property on detail geochemical, geological, geophysical, trenching and limited diamond drilling.
Fieldwork in 2022 focussed on prospecting a known BC Minfile mineral occurrence referred to as the ‘Sowaqua zone’ hosting anomalous values in gold, silver, copper and molybdenite and a newly discovered zone of altered greywacke exposed along new logging roads similar to the host rocks at Ladner Creek Gold Mine. A contiguous group of mineral claims staked as the Big Range-Newjay claims registered to J.T. (Jo) Shearer, cover the mineralized zone.
The Rice Creek zone was examined in 2021 along various sections of highly siliceous, quartz-eye porphyritic rhyolite to granite phase intrusive. Sections of the felsic intrusive host weak to moderate sulphide mineralization cut by quartz veins. Parts of the granitic and rhyolitic phases observed, along with a number of the associated quartz veins, carry disseminated, fine grained, ubiquitous arsenopyrite and occasional pyrite and fine flakes of molybdenite.
The Big Range claims cover a portion of the southeastern extension of the Coquihalla Gold Belt, which several kilometres to the northwest hosts a number of historical, limited producing gold mines including the former Carolin mine (now Ladner Creek Gold mine) and numerous historical gold occurrences. In recent years this extension of the belt has become more accessible due to the construction of a series of logging roads leading to the head waters of Sowaqua Creek.
The Rice Creek rhyolitic-granitic intrusion is interpreted as a younger (Tertiary?) silica-rich felsic magmatic event emplaced in the upper sequence of the Jurassic age Ladner Creek Formation and occurs along the eastern flank distal to the Coquihalla Gold Belt and Hozameen fault system. It merits more detail examination for molybdenite and or gold mineralization and potentially skarn related mineralization.
To the west, the Master Ace claims are underlain by serpentinite lenses and Permian to Jurassic Hozameen Group, a deformed ophiolitic complex of altered chert, argillite and mafic volcanics. The Master Ace and Newjay Zones are characterized by quartz filled, major shear zones with gold values up to 0.26 oz/ton Au and 5.52 oz/ton Ag.
Work in 2021 outlined a new zone (Sowaqua Zone) just west of 20km on the Forest Service Road characterized by altered greywacke with soil samples running up to 713ppm arsenic. A previous grab sample in nearby Sowaqua Creek assayed 1.05g/tonne gold.
Work in 2022 focussed on follow-up to the Sowaqua Zone.
The property is at an early stage of evaluation. A program of basic prospecting, geological mapping and trenching is recommended at a cost of $60,000.00.
The Putnam Property is located 15km north of Lumby, BC and includes 8 claims totalling 2,833.48 ha. The area covers placer gold and stream sediment anomalies generated by previous regional reconnaissance geochemical program. A follow-up geochemical evaluation of the property was carried out on the property and is the subject of this report.
One diamond drill hole completed by Dr. Stew L. Blusson in June 1984 showed highly anomalous gold values in pyritic black shales up to 2.15g gold over 4 feet in core. The pyritic black shale unit appears to be extensive.
Attention was drawn to the east of the property area by rusty weathering exposures of graphitic and pyritic phyllites/schists on the west side of Trinity Valley Road. Several selected grab samples of the more gossanous material returned gold values up to 0.1oz./ton (3.4g/tonne) gold (Blusson, 1985).
On the west end of the claims are 3 Minfile occurrences including Gold Mountain (82LSW061) described as a 1.5m thick quartz vein which underground sampling returned gold values of 27g/tonne (MMAR 1902 page 188).