ALICE SHEA OVERVIEW

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PROPERTY SIZE:

340 hectares

DEPOSIT MODEL:

Au-Quartz Veins (orogenic)

EXPLORATION STAGE:

Early-Stage

LOCATION & INFRASTRUCTURE:

The property is located approximately 60 km east of the town of Dease Lake, British Columbia, covering the headwater of placer bearing Alice Shea Creek. Alice Shea Creek runs into Wheaton Creek, a tributary of Turnagain River. The property can be accessed via a four-wheel drive vehicle in the dry summer months and hosts many overgrown placer exploration trails that require brushing out and maintenance. The property can also be easily accessed via a 20-minute helicopter flight from the town of Dease Lake.

EXPLORATION HISTORY AND HIGHLIGHTS:

The Alice Shea creek became known when a 52 oz gold nugget was found by Mrs. Alice Shea in 1937. Alice Shea found the 8-inch-long nugget by accident while walking up the creek drainage. The nugget was resting on the surface, wedged under a boulder. The nugget was found at ~ 1500 m elevation, high in the drainage basin. Continued placer mining efforts through the 1930’s discovered many more course nuggets weighing up to 16 oz, with most of them found high up in the Alice Creek drainage. Miners reported that most of the coarse nuggets contained quartz vein material, suggesting the bedrock source lies in the headwaters of the Alice Shea Creek in the form of quartz veins.

The BC government bought the 52 oz nugget, and it is now on display at the Royal Museum in Victoria BC. The nugget remains the largest still intact gold nugget found in BC and the 4th largest gold nugget ever discovered in BC.

Numerous prospectors and exploration companies have attempted to find the source of the placer gold over the past century, but no one has been successful to date. Despite numerous attempts, no large scale systematic geochemical sampling program has occurred on the property. The Weaton and Alice Creek placer gold was one of the last major discoveries in Northwest British Columbia, not being discovered until the 1930’s, and therefore did not benefit from a stampede of old-timer prospectors who would have typically covered every square inch of the property once word got out about the coarse gold nuggets. Had the placer gold at Alice Shea been discovered near the turn of the 19th century, it is possible the source of the giant gold nuggets may have been discovered by prospecting efforts. 

MINERALIZATION & GEOLOGICAL SETTING:

The Alice Shea property hosts rich placer deposits (coarse nuggets up to 52 oz Au), quartz veining associated with extensive listwanite alteration zones, and host lithologies similar to the Cassiar Gold camp, which historical produced 425,000 oz and currently has a mineral resource estimate of 1.4 M oz Au @ 1.14 g/t Au (Cassiar North Deposit). The Alice Shea property is hosted in a ultramafic package of the Cache Creek terrane and situated 100 km  southeast of the Cassiar Gold Camp. Despite coarse placer gold nuggets, altered ultramafics (listwanite), fine grained sedimentary rocks (ophiolite sequences), shear zones, and quartz veining (virtually every indicator of motherlode orogenic gold deposits); no gold bearing rocks have been sampled on the property. The highest-grade sample taken to date in the Alice Shea drainage is 0.125 g/t Au from a quartz vein hosted in fine grained sediment.

Pacific Bay Minerals’ Wheaton Creek Gold Project is contiguous to the Alice Shea property and hosts similar mineralization with a historical drill intersection of 5.38 g/t AU over 3.05 meters (1986). Click here to learn more about Pacific Minerals’ Weaton Creek Gold Project Projects - Pacific Bay Minerals.

RECOMMENDED WORK:

To date, no large scale, systematic soil sampling program has ever occurred within the headwaters of the Alice Shea Creek. A gridded, tight spaced soil sample survey is recommended to cover the entire drainage and headwaters of Alice Creek.  If the source of the coarse gold nuggets found in the creek drainage still exists, the soil geochemical survey will undoubtedly outline it.

TERMS:

3-year option agreement to earn 100% interest in the property with a 1% NSR reserved for the vendor.

- Cash or stock equivalent payment of $75,000 to the vendor over a 3-year period

o Year 1 - $ 10,000

o Year 2 - $15,000

o Year 3 - $50,000