BC

Goat Property

On November 29, 2016, the Company released ICP (inductively coupled plasma) results for a 2016 surface program on the Goat property. The Goat property consists of five mineral claims totalling 1,117.59 hectares in the Golden Triangle district of British Columbia. The claims are contiguous and are located about 34 kilometres northeast of Stewart, B.C., in the headwaters of the Goat and North Goat Glacier valleys, tributaries to Surprise Creek.

Work during 2016 was primarily focused on exploration for Kuroko type VMS (volcanogenic massive sulphide) deposits along the northern and western part of the property. Several different mineralization types were indicated from this work.

Highlights of the sampling include:

  • The presence of Kuroko-type VMS mineralization along the western portion of the property;
  • The presence of high-grade silver with gold associated with lead-zinc-bearing rocks along the northern part of the

The sampling was carried out on float rocks in the valleys in order to cover as great an area as possible. Sampling of a calcareous mudstone with finely laminated and bedded sulphides yielded 33.4 grams per tonne Ag, 0.7 per cent Pb and 6.5 per cent Zn. Sampling of dacitic rocks gave a high of 115.7 grams per tonne Ag,

  • per cent Pb and 5 per cent Zn within a breccia with strong hydrozincite staining. Numerous hydrozincite stained boulders are present within a moraine along the south part of the property and are derived from the western portion of the property.

A total of nine samples collected in the northern part of the property yielded 0.1 gram per tonne to 2.3 grams per tonne Au, 6.7 grams per tonne to 100 grams per tonne Ag, with 0.02% to 0.65% Pb and 0.085% to 2.76% Zn

Work in 2017 will focus on locating the area of mineralization, both the VMS source, as well as silver with gold zone. This will include further prospecting, mapping and possible drilling.

 

On November 29, 2016, the Company released ICP (inductively coupled plasma) results for a 2016 surface program on the Goat property. The Goat property consists of five mineral claims totalling 1,117.59 hectares in the Golden Triangle district of British Columbia. The claims are contiguous and are located about 34 kilometres northeast of Stewart, B.C., in the headwaters of the Goat and North Goat Glacier valleys, tributaries to Surprise Creek.

Work during 2016 was primarily focused on exploration for Kuroko type VMS (volcanogenic massive sulphide) deposits along the northern and western part of the property. Several different mineralization types were indicated from this work.

Highlights of the sampling include:

  • The presence of Kuroko-type VMS mineralization along the western portion of the property;
  • The presence of high-grade silver with gold associated with lead-zinc-bearing rocks along the northern part of the

The sampling was carried out on float rocks in the valleys in order to cover as great an area as possible. Sampling of a calcareous mudstone with finely laminated and bedded sulphides yielded 33.4 grams per tonne Ag, 0.7 per cent Pb and 6.5 per cent Zn. Sampling of dacitic rocks gave a high of 115.7 grams per tonne Ag,

  • per cent Pb and 5 per cent Zn within a breccia with strong hydrozincite staining. Numerous hydrozincite stained boulders are present within a moraine along the south part of the property and are derived from the western portion of the property.

A total of nine samples collected in the northern part of the property yielded 0.1 gram per tonne to 2.3 grams per tonne Au, 6.7 grams per tonne to 100 grams per tonne Ag, with 0.02% to 0.65% Pb and 0.085% to 2.76% Zn.

Work in 2017 will focus on locating the area of mineralization, both the VMS source, as well as silver with gold zone. This will include further prospecting, mapping and possible drilling.

 

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