BELL CREEK OVERVIEW
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PROPERTY SIZE:
211 hectares
DEPOSIT MODEL:
Au-Quartz Vein (orogenic)
EXPLORATION STAGE:
Early-Stage
LOCATION & INFRASTRUCTURE:
The property is located 60 km south-east of Nanaimo on Vancouver Island. The property is accessible via numerous active logging roads.
MINERALIZATION & GEOLOGICAL SETTING:
Gold is associated with silver, arsenic, copper, and molybdenum hosted in quartz-sulphide veins within strong carbonate altered shear zones. Mineralization is hosted in the same Sicker Groups volcanic rocks (Duck Lake Formation and Nitnat Formation) as the past producing Mineral Creek deposit (Debbie Property), ~30 km to the northwest. Theia Gold Corp is currently advancing the Mineral Creek deposit that hosts a historical mineral reserve of 471,956 tonnes grading 6.23 g/t Au. Drilling in 2008 by Bitterroot Resources intersected 1.25-meter core interval grading 283 g/t Au, incl. 0.35 m over 998 g/t Au.
EXPLORATION HISTORY AND HIGHLIGHTS:
High-grade quartz veins were first discovered in 1987 by Roap Resources during a reconnaissance exploration program. In 1991 Goldbank Ventures Ltd. followed up on the discovery with detailed prospecting, soil sampling, stream pan concentrate sampling, geological mapping and trenching. A total of 382 contour soil samples were completed with numerous gold-in-soil anomalies outlined. Pan concentrates returned up to 42.9 g/t Au vectoring the probable hard rock source to two north-south shear zones marked by strongly altered incised creek drainages. Majority of the soil anomalies have not been followed up to date. The Hayes #1 & #2 veins were exposed by trenching with grab samples up to 4.68 oz/ton Au. Chip samples across the vein returned values up 37 g/t Au over 0.30 meters. This was the last significant exploration program completed by a Junior Mining company (1991). The ground was held by various prospectors for the past 3 decades with no meaningful work ever completed.
RECOMMENDED WORK:
Detailed systematic soil sampling is recommended to outline the auriferous structures followed by mechanical trenching of the gold-in-soil anomalies outlined. If geochemical sampling of the structures returns encouraging results, a phase 1 drill diamond drill program is recommended to test mineralization at depth.
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 $40,000 to the vendor over a 3-year period
o Year 1 - $ 5,000
o Year 2 - $15,000
o Year 3 - $20,000