Geddes goes for the gold in Windy Craggy program

The name Windy Craggy, given to a huge base metals area in a relatively remote part of northwestern B.C., may still be a name to conjure with.

After more than six years of “unremitting effort” that has been expended in exploring the area and seeking financing with which to continue it, Geddes Resources says it has raised more than $6.5 million in a flow-through share financing, and will shortly start work on a 5,500-ft adit with which to explore the gold zone of the sulphide deposit.

The property was originally explored by Falconbridge Ltd., as operator, but late in 1983 Falconbridge opted to be reduced from a 51% working interest to a 22.5% net proceeds interest.

Basically the deposit is a great mass of copper-gold-cobalt-silver- zinc-bearing sulphides, with a width of more than 400 ft and a length greater than 6,000 ft. It has been estimated over-all to contain in the order of 300 million potential tons, at a grade of 1.5% copper, 2 lb cobalt, and measurable amounts of silver as well as the gold.

But as Chairman Geddes Webster tells The Northern Miner, the immediate target for the company is the deposit’s gold zone, identified back in 1983 when a Falconbridge drill hole intersected 201 ft of 0.3 oz gold per ton, with 1.5% copper.

The company expects to collar the planned adit by about mid-May, Mr Webster says, have it completed by the end of this year, and start an underground program of diamond drilling of the gold zone which would be completed by the end of February, 1988.

“We are going strictly for the gold, initially,” he says, “and will be attempting to outline a gold deposit in the order of magnitude of two million tons, at a grade of 0.3 oz.”

Mr Webster said a detailed re-examination of the core indicated that the gold zone is a discreet gold-bearing carbonate-chert zone within the over-all sulphide mass of the Windy Craggy.

The Tonto Group of companies has been selected as contractor to drive the 5,500-ft adit, that will crosscut the area of the gold zone. After the adit has crosscut the entire deposit, 10,000 ft of drilling will be done to determine the upward and downward extensions of the gold zone.

“We expect,” the Geddes chairman says, “that the metals of the deposit will be developed sequentially, as various mineral zones demonstrate their individual economic importance.”