Lucky Strike Property
The Lucky Strike property covers 23,992 hectares and has logging road access. It is only 3 kilometres to a major highway and 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.
To the south, Lucky Strike encompasses the Black Wolf property that had historical production in 1928 (see BC MINFILE No. 103I030) from high grade polymetallic veins (Ag-Pb-Zn+/-Au). The property also contains a historic polymetallic porphyry vein showing grades of up to 8.8 grams per tonne gold, 2.14 grams per tonne silver and 3.4% copper.
The Prosperity Zone
The newly discovered Prosperity Zone measures 2.4 kilometres wide and 3.4 long. It is situated at the headwaters of two prolific placer creeks that have reported gold production 1886 – 1940 as well as coarse nuggets of up to 6.27 ounces gold (see BC MINFILE No. 103I204, 103I050 and 103I207). The source of the placer gold is believed to be attributed to erosion of gold mineralized bedrock from the immediate area. Geophysics and outcrop indicate porphyry under the Prosperity Zone. This discovery was made where bedrock has been exposed due to the receding snowpack.
A SkyTEM electromagnetic aerial survey found concentric resistive zones flanking magnetic highs, below a gold-copper-molybdenum soil anomaly at Prosperity. The combined soil dataset shows an anomalous region of gold-copper-molybdenum measuring approximately 2000 by 400 metres (see Prosperity Maps below). This zone has three areas that returned overlapping regions of higher values with accompanying anomalous bismuth-tungsten-antimony (up to 7.27 g/t Au; 557 ppm Cu; 65 ppm Mo; 50 ppm W; 4 ppm Sb; and 10 ppm Bi). This soil anomaly has a geochemical signature consistent with some porphyry systems and is coincident with the SkyTEM electromagnetic anomaly.
2016 & 2017 sample results from bedrock occurring in the polymetallic quartz veins at Prosperity Zone include:
Channel Cut Over 0.21 Metres
– 1.66 gpt Gold, 105 gpt Silver, 0.08% Copper, 0.39% Zinc and 5.45% Lead
Chip over 1.2 Metres
– 22.3 gpt Gold and 31.5 gpt Silver
Grabs from bedrock
– 0.29% Molybdenum similar to other porphyry systems in this region
– 23.9 grams per tonne Gold and 32.2 grams per tonne Silver
– 24.7 grams per tonne Gold, 172 grams per tonne Silver, 2.04% Copper and 6.3% Zinc
– 1.53 grams per tonne Gold and 149 grams per tonne Silver
– 0.3 grams per tonne Gold, 188 grams per tonne Silver, 0.41% Copper and 8.34% Lead
– 1.6 grams per tonne Gold and 100 grams per tonne Silver
– 122 grams per tonne Silver and 4% Lead
An aerial view of the Prosperity Zone can be seen in the Lucky Strike 2017 video gallery below.
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.