Porphyry Copper Gold For Sale

 Yalco Porphyry Copper Gold Property

Summary:
The 12,383 hectare mineral Property is adjacent to and encircles Barrick Gold Corporation’s large Poison Mountain copper-gold-molybdenum deposit on the west, north and east sides. The Poison Mountain deposit is one of the largest porphyry copper-gold-molybdenum deposits in Canada. The Yalco property has mineral occurrences and geophysical anomalies that suggest similar mineralization to the Poison Mountain deposit may occur at depth (under glacial drift and in some cases young volcanics) on the Property.

Location and Access:
The Yalco property is located in the Lillooet Mining Division, British Columbia ~90 kilometers west of the Town of Lillooet. The major topographic features at and near the Property are Poison Mountain, Yalakom River and Churn Creek. Access to the Property is via the Yalakom River BC Forest Service Road. The mineral claim area is extensively covered by clear cut logging blocks and related roads. The Property is in the dry east shadow of the Coast Range and is covered mostly with pine and open grasslands, with little or no underbrush.

Description:
See attached Google Earth image of the Yalco property.

Geology:
Mineralization in the area is associated with granodiorite and quartz diorite stocks that intrude arkosic sandstones, conglomeratic sandstones and shales of the Lower Cretaceous Jackass Mountain Group. There is a large area of alteration at and around the Poison Mountain deposits. Placer gold has been mined from Poisonmount Creek to the north of the porphyry desposit. In 1933 BC government geologist reported that the placer gold was derived from ”small narrow quartz veins which have been deposited along the bedding planes of the argillaceous sediments”. It is possible this gold is derived from the alteration halo around the Poison Mountain porphyry system and it warrants further exploration for gold in bedrock. A good description of the geology and mineral deposits at Poison Mountian may be found in CIMM Special Volume 15.

History:
The Poison Mountain porphyry deposit was discovered in the 1950s and since then more than 40,000 meters of drilling has been completed, along with a prefeasiblity study in the early 1980s. The adjoining Yalco property has been flown with at least three airborne EM and Magnetics systems, the most recent being Geotech ZTEM in 2010. On the Yalco, circa 1960s trenching has uncovered very rich narrow mineralization of lead, zinc and silver that occurs in a large propylitic altered zone perhaps from an intrusive apophyses similar to those at the Poison Mountain deposit.

Additional Information:

Contact: John A. Chapman or Gerald G. Carlson
Telephone: 604-536-8356 or 604-816-3012
Email: jacms1@telus.net
Website:

Additional Photos: