ON THE LOST GOLD PROPERTY

Transcription

1 ON THE LOST GOLD PROPERTY NELSON MINING DIVISION BRITISH COLUMBIA Latitude: North Longitude: West TRIM MAPS: 82F1023,033 NTS: 8tF/5,6 By: Fred Critchlow

2 . TABLE OF CONTENTS r PAGE lutroduction Locatiou, Access and Physiography Claim Information Regional Geology Prospecting Results Cost Statement References Statement of Qualifications LIST OF FIGURES Figure 1 Location Map Figure 2 Claim Map Figure 3 Regioual Geology Figure 4 Prospecting Compilation Map (In pocket) Table 1 Claim Data Table 2 Rock Sample Descriptions LIST OF TABLES 3 8..

3 1 INTRODUCTION This report details a prospecting program conducted between November 2000 and June, 2001 on the Lost Gold Property east of Castlegar, B.C. The Lost Gold Property consists of hvo mineral claims totaling 36 units. The claims were staked to cover prospective geology for intrusion hosted gold-bearing quartz veins. Several gold-beating quartz veins were discovered during this prospecting program. LOCATION. ACCESS AND PHYSIOGRAPHY The Lost Gold property is located approximately 13 kilometres east/southeast of Castlegar, B.C., (See Fig. 1). The claims are situated at the headwaters of Mcphee, Granite and Grassy creeks, The tributaries of Mcphee flow north and west into the Kootenay River, while the tributaries of Granite flow north and east into Erie Creek and the tributaries of Grassy dram south and east into Erie Creek. The claims are centered at north latitude and west Iongitude. Access is via a eight kilometre logging and powerline road that leaves highway #3 at Bombi Summit, some 15 kilometres east of Castlegar. Various parts of the property are easily accessed via a network of good logging roads. Four-wheel drive is recommended however two-wheel drive will provide access to most parts of the property. Topography on the Lost Gold property would be considered moderate to very rugged for the most part with rolling topography accentuated locally by steep slopes. The highest point of land is the summit of Grassy Mountain at an elevation of 2100 me&es A.S.L. and the lowest elevations are approximately 1320 metres A.S.L. which occur in the southwest part of the Lost Gold #1 claim. The north face of Grassy Mountain and the east ridge is very rugged with near vertical clit% and large boulder talus slopes. The area has been logged by clear cut methods with remnant stands of spruce, balsam, and fir. Ridge tops are sparsely vegetated with stunted balsam and lodgepole pine. Much of the south face of Grassy Mountain is open alpine grassland.

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5 3 CLAIM INFORMATION Currently the Lost Gold property consists of 2 claims totailing 36 units recorded in the Nelson Mining Division and shown on claim map numbers 082F.023 and 082F.O33,(See Fig. 2). Relevant claim data is listed below. Table 1 Claim Data CLAIM NAME TENURE # # OF UNITS EXPIRY DATE* LOST GOLD September 30,2002 LOST GOLD September 30,2002 * New expiry date contingent upon report acceptance

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7 5 REGIONAL GEOLOGY The Lost Gold Property is located in the southern Otnineca Belt and is underlain by rocks of the Quesnellia terrane which include late Paleozoic and early Mesozoic volcanic, sedimentary and plutonic rocks. The Mesozoic rocks of this area are the Lower to Middle Jurassic Rossland Group volcanics and sediments which form an arcuate belt extending from Rossland to Nelson. The Rossland Group includes basal, locally highly deformed elastic sedimentary units (Archibald and Ymir Formations) which are overlain by alkaline mafic flows and pyroclastic rocks of the Elise Formation, (See Fig. 3, Hoy & Andrew). The overlying Hall Formation consists of elastic sedimentary rocks. Cutting the Rossland Group rocks is the middle Jurassic Bonnington Pluton which is calcalkaline in composition and was emplaced as a part of a continental magmatic arc, (Lttle, 1960). The Botigton Pltion is bounded to the ~0~1th and to the east by Rossland Group rocks.

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9 7 PROSPECTING RESULTS Most of the property is underlain by lower to middle Jurassic granodiorite of the Bennington Pluton. This rock unit is well-exposed on ridge tops and talus slopes. All veins sampled to date are hosted by this granodiorite. A total of 13 samples of quartz vein were collected fkom various locations on the Lost Gold #I and Lost Gold #2 claims. Sample desctiptons are listed in Table 2 below and locations are shown on Fig. 4 (in pocket).

10 Table 2 Rock Sample Descriptions Samale # Descriatioos 3 parallel flat-lying quartz veins approximately IOcm wide containing minor pyrite with no visible gold 20 cm wide quartz vein float with minor pyrite and galena. No visible gold. 4-5 cm wide quartz veins separated by 1Ocm of intense sericite clay altered granodiorite. Veins contain minor o 5% pyrite. No visible goid or base metals observed. Strike of veins is 0 with dips of 85 to the east cm wide, flat-lying quartz vein containing 1% galena and minor pyrite with one small speck of visible gold. 10 cm wide quartz vein containing 2-5% galena, 5% pyrite and several specks of visible gold. Vein strikes 010 and dips 85 east. 15 cm flat-lying quartz vein containing 10% pyrite. No base metals or visible gold observed. 12 cm wide quarts vein float containing 1 O-l 5% pyrite and visible gold. 8 cm wide quartz vein containing minor pyrite with no base metals or visible gold. Vein strikes at 065 and dips 25 east. 6cm wide flat-lying quartz vein containing 10% pyrite, minor galena and visible gold. Scm wide flat-lying quartz vein containing minor pyrite, but no base metals or visible gold. 5cm wide flat-lying quartz vein containing IO-15% pyrite, minor chalcopyrite, galena and vistble gold. 20cm wide quartz vein containing 10% pyrite but no base metals or visible gold. Strike of vein is 050 and dips 85 east. Quartz vein stockwork consisting of l-20cm wide quarts veinlets within an intensely clay, sericite and quartz-altered granodiorite. Veins contain up to 10% pyrite and altered host rock averages up to 5% pyrite. No base metals or visible gold observed. Outcrop is exposed only at upturned trees. Area of stockwork veining is approximately 50 metres by 50 metres.

11 r. COST STATEMENT Iabour Fred Critchlow Nov. l-5/2000, May 1520/2001, June l-4/2001 $ $ Truck 14 $50.00 $ Fuel $ Final Total % REFERENCES Hiiy, Trygve and Dunne, K.P.E, (1997): Early Jurassic Rossland Group, Southern British Columbia, Part I - Stratigraphy and Tectonics, Bulletin 102, British Columbia Ministry of Employment and Investment, Energy and Minerals Division, Geological Survey Branch. Little, H.W., (1982a): Geology, Bennington Map Area, British Columbia; Geological SureyofCanadaMap 1571A.

12 10 STATEMENT OF OUALIFlCATIONS I, Fred Critchlow, with both residence and business address at Street, Castlegar, British Columbia, VIN 3G7, do hereby certify that: I am a professional prospector and have worked in British Cohnnbia since have completed the prospecting and geology course by MEh4PR in 1989 as well as the Petrology and Alteraton for Prospectors course taught by Dr Tom Richards and hosted by the Chamber of Mines of Eastern British Columbia and MEMPR in I have been employed as a professional prospector starting in 1964 by Helicon Explorations, Pacific 66 Petroleum, Silver Standard Mines, Noranda Mines, Imperial Esso Mineral Division and Gnnsteel Resources. r 4. I also have been employed as a mineral exploration contractor in the West Kootenay area for the last several years. 5. This report is based on field work completed solely by myself.

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