The Golddigger property covers 18,587 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.
This world class geologic setting 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 in 2019 of the Sure Bet Zone is 1550 metres by 1130 metres within a larger mineralized zone covering 4sqkm in area. It is next door to Auryn’s Homestake Ridge high-grade Au & Ag deposit of ~1.2M oz AuEq @ 7.41 g/t AuEq and only 7km west of the Dolly Varden Mine access road that leads to Alice Arm, BC. The exploration plan for 2020 will consist of extensive channel cutting, sampling and mapping in preparation for an inaugural drill program in 2021.
Mineralization consists of structurally controlled massive sulphides containing Galena, Sphalerite and Pyrite within NW-SE trending in several fault structures that are up to 40 metres wide.
Results – 2019:
Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled. AuEq metal values are calculated using Au $1490.80/oz, Ag $17.54/oz, Cu $2.60/lb, Pb $0.97/ln, Zn $1.11lb. All values are reported in USD and do not consider metal recoveries.