Golden Ridge property

The large volcanogenic massive sulphide copper-gold deposits of the Britannia Camp which produced over 55 million tons grading 1.1% Copper and 0.02 oz./ton gold (Payne et al, 1980) are hosted in Cretaceous Gambier Group Volcanic and Volcaniclastic rocks 70 km directly west of the Hot Spring Property. The Hot Spring area is underlain by altered volcanics and metasediments of the Gambier Group.

The claim area has been explored for precious metal (MacKay, 1944) and base metal potential (Wojdak, 1980a), since the early 1940’s. Detailed panning during 1944 and 1997 demonstrated that Sloquet Creek contains plentiful coarse, angular placer gold and that 75% of the placer gold can be traced to Simpson Creek (Mackay, 1944). Stream sediment, soil and rock sampling led to the discovery of several gold, lead, copper and zinc soil anomalies by Cominco (Freeze, A. C., 1986). A field program by Aranlee Resources Ltd. conducted in 1987 relocated those anomalies and was successful in extending the most intense anomaly previously located by Cominco Ltd. Prospecting in 1988 discovered two new important pyrite-sphalerite alteration zones high in gold values south of the previous work on Southridge. Subsequent trenching in November 1988 on this showing south of North Sloquet Creek (Dan’s Showing) revealed an extensive area carrying important gold values (up to 0.276 oz./ton) in a wide area extending over 1000 metres to the east. Preliminary detailed mapping and sampling suggested a possible stratabound nature to the mineralization. Limited shallow diamond drilling conducted in 1990 by Noranda intersected 119m averaging 584 ppb gold in Hole NQ90-2 and NQ90-4 averaged 615 ppb gold over 66m., demonstrating that the zone enriched in gold is between 70 to 100 metres in true thickness. Only one hole (NQ90-7) tested the possible downdip extension of this low-grade mineralized zone but an up faulted section of the lower andesite was encountered in this hole. Diamond drilling in 1997 was oriented at 060 to more thoroughly investigate the northwesterly-southeasterly structures which on relogging the 1990 drill core appeared to be important. The results of the 1997 diamond drilling indicate much higher grade values in gold and silver. An abundance of epidote and molybdenum was also encountered in the 1997 drilling.