The Golddigger property it covers 14,220 hectares and is located on tide water 30 kilometres south east of Stewart BC in the Golden Triangle.
The eastern side of the Golddigger property is underlain by inter-fingered bimodal volcanic rocks similar to the Iskut River Formation. The Iskut River Formation of the Hazleton Volcanic Group hosts the high-grade Eskay Creek deposit.
The geologic setting in this under explored area has excellent discovery potential due to its location within Hazelton Group rocks that have the same stratigraphic unit that hosts Auryn Resources Inc’s Homestake Ridge deposit and Pretium Resources Inc.’s Brucejack deposit. The property is also situated within two kilometres of the unconformity between Lower Hazelton and Stuhini rocks, also known as the “Red Line” boundary where the vast majority of major deposits have been found within the Golden Triangle.
The new discovery of the Main Lotto Zone is up to 100 metres wide which also contains the Anaconda Vein. The Anaconda Vein is a strongly mineralized and continuous polymetallic vein with vertical extent of 600 metres traced for 2.3 kilometres and is up to 10 metres wide. This new vein system was discovered where bedrock has been exposed due to recent glacial abatement. Based on the 2017 results a bulk sample is recommended for the Anaconda vein system.
Bedrock grab samples and channel cuts from the Anaconda Vein system from 2016 & 2017 have returned assays of:
* Channel cut – 22.83 grams per tonne gold equivalent over 2 metres
– incl. 5.81 gpt gold and 1,280 gpt silver
* Channel cut – 19.08 grams per tonne gold equivalent over 1.7 metres
– incl. 5.57 gpt gold, 1,016 gpt silver and 0.3 % lead
* Grab sample – 14.6 grams per tonne gold and 2,890 grams per tonne silver (84.3 ounces per ton silver); and
The newly discovered Gold Swarm zone from 2017 returned assays up to:
* Grab sample – 21.1 grams per tonne gold, 214 grams per tonne silver, 3.23% lead and 0.26% copper
Gold equivalent is based on metal prices(USD) on Nov 21, 2017: Au $1280.4 oz; Cu $3.0905 lb; Pb $1.1018 lb; Zn $1.45504 lb; Ag $17 oz* Grab sample – 6.4 grams per tonne gold, 1,815 grams per tonne silver (52.9 ounces per ton silver), and over 1% lead