Lucky Strike Property
The Lucky Strike property covers 31,511 hectares and has logging road access. It is within a few kilometres to a major highway, power, rail and only 40 kilometres north of major infrastructure in Terrace BC. The property is located south of Golden Triangle area, and resides within the Skeena Arch, a belt-scale structural corridor associated with significant porphyry and related mineralization.
The Lorne Creek Au-Cu-Mo Porphyry
The newly discovered Lorne Creek Au-Cu-Mo Porphyry is defined by a 1200 by 700 metre aleration system, with a significant monzonite porphyry outcropping at surface. It is cored by QSP, containing gold bearing chalcopyrite and molybdenite stockwork mineralization.
The gold, copper and molybdenum grades are consistent with typical porphyry systems. It’s situated at the headwaters of Lorne Creek, the most prolific placer creek in the entire district with historical placer gold production of 13,721 troy ounces and nuggets of up to 1.5 ounce gold (1886 – 1940, see BC MINFILE No. 103I204, 103I050 and 103I207).
The source of the Lorne Creek placer gold is believed to be attributed to erosion of the gold mineralized bedrock from the headwaters where the Lorne Creek Porphyry system is located.
This discovery was made by an independent porphyry expert, where bedrock has been exposed due to the receding glaciers and permanent snowpack. An inaugural drill program is scheduled for July 2019.
Mapping has highlighted a spatial link between polymetallic Au/Pb/Zn/Cu/Ag veins and Cu-Mo porphyry centre. These veins are coincident with historically documented porphyry related polymetallic veins in Lorne Creek.
Along the headwaters of Lorne Creek, a series of silt samples were taken during the 2017 season. These returned multi-element anomalies, including copper, molybdenum, and gold values up to 402 ppb. A historic BC MINFILE report (No. 103I027) from this creek reports angular, pyritized and quartz-veined boulders hosted in a molybdenum-rich porphyry environment
Link to video of the model – Click Here
Link to video of the samples – Click Here
Gold Source Zone
A 2017 angular talus sample of a hydrothermal breccia assayed 96.8 grams per tonne gold (3.1 ounces per tonne gold), this sample was taken 65 metres downslope from the newly discovered Gold Source Zone of outcropping hydrothermal breccia (link to images). The Gold Source Zone is an epithermal, milky quartz hydrothermal breccia and sheeted vein corridors extend more than 400 metres along an E-W trend and over 200 metres wide and remains open. The trend is highly oxidized with primary sulphide contents ranging typically between 1-5% that are now represented by limonitic voids and boxworks (link to video). The recently acquired airborne magnetic data identified a circular feature centered around the Gold Source Zone hydrothermal breccia. The diameter of the circular feature is approximately 1 kilometer and it is located at the confluence of several NE-SW trending magnetic lineaments. Channel sampling, prospecting, and mapping remains ongoing in this area to trace the full extent of the zone in preparation for drilling in 2018.
Hole in One Zone
The new Hole in One Zone is located 9 kilometres west of the Gold Source Zone, in the southwest end of the property. The area contains quartz vein swarms with galena and chalcopyrite mineralization have been observed in outcrop (link to video). Additional prospecting and mapping are underway to trace out the full extent and significance of this new zone; assays are pending.
The Kingpin Zone
The Kingpin zone is a 830 by 130 metre area, defined by samples containing polymetallic and gold mineralized in bedrock (see Kingpin Maps below). The zone remains open in all directions. Mineralization is hosted in sheared metasedimentary rocks, massive sulphide veins, and quartz stockworks. A two-man team in 2017 spent a total of two days prospecting and sampling in this area. The majority of the terrain remains unexplored. Large areas of outcrop in the Kingpin area have recently been exposed due to ongoing rapid glacial and snowpack recession providing excellent potential to expand the zone of known mineralization.
2017 sample results from Kingpin include:
Channel Cut Over 1 Metre
– 1.66 gpt AuEq (incl. 4.47 gpt Gold, 22.2 gpt Silver, 1.89% Zinc and 0.2% Lead
Chip over 1 Metre
– 17.55 gpt AuEq (incl. 14.6 gpt Gold, 118 gpt Silver, 0.66% Zinc and 1.4% Lead
Grab from bedrock
– 7.03 gpt AuEq (incl. 2.88 gpt Gold, 83 gpt Silver, 1.61% Zinc and 2.81% Lead
An aerial view of the Kingpin Zone can be seen in the Lucky Strike 2017 video gallery below.
The Lucky Strike property was used as Goliath Resources Limited’s qualifying property to complete its reverse-take-over on October 11, 2017. A technical report was prepared and completed in accordance with NI 43-101 Standards of Disclosure for Mineral Projects. A copy of this report can be downloaded here and also can be found on SEDAR at www.sedar.com.