Gold, Silver, & Zinc Mineral Property For Sale

 Wolfenden

 

Summary:
The Wolfenden property is an epithermal deposit prospect located just south of the past-producing Yreka Mine (Cu, Zn, Pb, Au, Ag) and within a mineral belt that extends from the Yreka Mine southerly to the base and precious metal prospects near Teeta Creek. It is well situated with easy access to the deep water port of Port Alice at Neroutsos Inlet and to major highways.

Location and Access:
Northern Vancouver Island, British Columbia, near Port Alice within the Island Copper District and in the Yreka-Teeta mineralized belt.

UTM: Zone 9, 5,588,000 N, 601,750 E.

Description:
The Wolfenden property is comprised of 702.4 hectares owned 100% by the vendor on the west side of Neroutsos Inlet oposite the community of Port Alice, Northern Vancouver Island, British Columbia. It is within the mineralized belt extending from the past producing Yreka mine to the Teeta Creek mineralized properties to the south, and is 20 kilometers south of the previous major Island Copper Mine.

The property is in the fairly mountanous Coast Mountain Range of Vancouver Island. It is accessible by logging roads from Port Alice, although the central part of the property is most conveniently accessible by helicopter. Most of the property has a good stand of virgin timber with only a small part of it having been logged. The property is not within any environmentally sensitive area.

A number of mineralized showings have been located on the property. All of them are associated with magnetic lows and are best exposed where creek beds have penetrated to bedrock. Petrographic and assay data indicate that the mineralization is most likely low sulphidation epithermal, but the possibility of underlying hydrothermal mineralization is good.

Geology:
The property is largely underlain by Lower Jurassic Bonanza Group volcanics that overly Upper Triassic to Lower Jurassic Parsons Bay Formation sediments with interbedded volcanics. Small Early to Middle Jurassic Island Plutonic Suite quartz diorite stocks and dykes occur on the property and area. The Parsons Bay sediments outcrop mainly in the northeastern part of the property. East-northeastern faults transect the area. The most significant of these faults is the Coqueis Fault in the central part of the property.

Mineralization on the property occurs in the lower units of the Bonanza Volcanics and at and close to the ENE faults and their subsiduary faults. Mineralization is often accompanied by moderate silicification with strong fracturing to brecciation and has been classified as epithermal. Main values are in gold, silver and zinc. The main showing, Coqueis Showing, is exposed in a creek bed for 65 meters by 5 meters. Assay values range to 3.55 g/t Au, 11.8 g/t Ag and 9.1% Zn. No hand or mechanical trenching has been done to extend mineralized localities.

History:
The current owner discovered the property in 1988 by regional stream sediment sampling for teck Corporation. The property was better defined by detailed stream sediment sampling resulting in a highly anomalous area of about 8 sq.km. surrounding Mount Wolfenden. Additional work during the next two years consisted mainly of detailed geochemical sampling and minor geophysical surveying. The claims were permitted to lapse during an economic downturn in British Columbia.

The current owner acquired the property in 2007. Minor additional work was done for assessment purposes, and a thorough evaluation of data from surrounding properties was made.

Additional Information:
The property can be considered to be still in the fairly stages of exploration. Additional work recommendations have ben made (AR 30273):

Phase 1: 8 line-km grid geochemical and geophysical surveying. Cost: $ 35-40,000 (Can).
Phase 2: 800 meters NQ diamond drilling. Cost: $ 245-250,000 (Can).

Interested parties can peruse AR 3164, 19248, 29396 and 30273 as well as Geoscience Map 2006-4, available on the BCGS MapPlace website

Contact: Andy Betmanis
Telephone: (250) 247-9717
Email: anbet@shaw.ca
Website:

Additional Photos: