A porphyry copper-gold prospect in the Galore Creek camp of northwestern British Columbia is providing an exploration focus this season for joint venture partners Bellex Mining (VSE) and Quattro Resources (VSE). The Galore Creek camp hosts a number of large porphyry copper- gold deposits held by major mining companies. These include the Stikine copper deposit (Hudson Bay, Cominco, Kennco) which is reported to host reserves of 125 million tons grading 1% copper and 0.012 oz. gold per ton.
Quattro can earn a 50% interest in Bellex’ Jack Wilson Creek property by spending $750,000 on exploration by year-end. This year’s work program will include grid extensions, geochemical and geophysical surveys, followed by diamond drilling.
About 5,000 ft. of drilling is planned in the first part of the program, to be followed by an additional 15,000 ft. in the second phase.
Previous work on the property has outlined a 1.5×0.5 km copper- gold soil geochemical anomaly in the North Fork area that is still open to the north, south and east. This area will be further tested in the current drill program.
A 30-metre trench within a mineralized volcanic unit on the western extent of this anomaly is reported to have yielded a weighted average of 1-metre panel samples of 1.16% copper and 0.02 oz. gold.
The results from this sampling program have the partners optimistic that gold values could prove higher than those typically encountered in porphyry copper-gold systems in the area.
As a secondary target, the partners plan to test the Saddle Ridge area where numerous gold showings have been identified.
Although the Galore Creek camp can be reached only by air, the Jack Wilson property has more favorable logistics in that it is about four kilometres from the Stikine River which continues to sea near Wrangell, Alaska.
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