The 50/50 partners have a field crew focused on an area between Telegraph Creek and the Golden Bear deposit to the north of Galore Creek. Ground is being acquired on the basis of geological, geophysical and geochemical data, with the objective to acquire a 48-sq-mile land package, or about 500 mineral claim blocks.
This region and the Galore Creek camp are considered to be the northward extension of the Iskut River, Eskay Creek, Sulphurets and Stewart gold camps which host both bulk tonnage copper-gold deposits and high grade gold-silver deposits.
Pass Lake has granted options to earn a 51% interest in 617 of its total 1,143 claim units in the Galore Creek region to Consolidated Goldwest Resources (VSE) and Volcano Resource Corp. (VSE). Various third parties must fund $3.7 million to earn 51% of Pass Lake’s total Galore Creek claims.
The company has also entered into an equal joint venture with Queenstake Resources (TSE) to identify precious metal targets in northwestern British Columbia based on a program of archival research combined with a regional geological, geophysical and geochemical data review.
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