Overview

On the Theia project, work by Mountain Boy and previous explorers has outlined a silver-bearing mineralized trend 500 metres long, highlighted by a 2020 grab sample that returned 39 kilograms per tonne silver (1,100 ounces per ton).

• Initial MTB field-work confirmed the historic showings and identified new zones of interest, some of which were ice-covered at the time of the previous work.
• Samples with multi-gram gold and kilogram silver assays demonstrate potential for the area.
• Receding glaciers has opened up areas that have never been explored.
• The geological setting has potential to host precious metal veins, porphyry and VHMS-style mineralization.
• Advances on adjacent properties is improving the infrastructure in the area which bodes well for the Theia project.

The property has seen several limited exploration programs that were targeting many different areas of interest. Seven documented Minfile occurrences (103P 298; 103P 299; 103P 300; 103P 324; 103P 269; 103P 230; 103P 323) occur on the claims.

Recorded exploration began as early as 1967 when an intrusion with anomalous lead, zinc and molybdenum was discovered. Several subsequent follow-on exploration campaigns provided evidence for a potential molybdenum porphyry target.  

In 1990, in the northeastern part of the claims, five samples from a sheared contact between a granodiorite intrusion and sediments returned greater than 1.0 gram per tonne gold and up to 6.40 grams per tonne gold. One sample from within the granodiorite returned 3.52 grams per tonne gold (Assessment Report 21304).  In 1996, two chip samples, across two parallel veins, returned 313.8 grams per tonne silver and 526.6 grams per tonne silver, respectively (Assessment Report 23938).

In the northern part of the claims, numerous quartz veins have been mapped.  The veins are documented to pinch and swell over considerable strike and downdip directions. Veins vary from a few centimetres up to several metres in width. They are generally barren and contain considerable calcite However, in one locality two vein and stockwork occurrences are well mineralized with tetrahedrite and appreciable silver values. A grab sample (KK-51) from a 0.3-metre-wide quartz vein containing coarse grained blebs of tetrahedrite and strong malachite and azurite stain with intense iron oxide alteration assayed 0.62 gram per tonne gold, 0.13 per cent lead, 2.65 per cent copper, 0.14 per cent zinc and 522 grams per tonne silver (Assessment Report 23938).

The eastern part of the property, south of Flat River, hosts the Hit Minfile occurrence (103P 269), where local RGS samples from creeks draining the property have several results that are highly anomalous for gold. In particular, the samples from the upper part of the west tributary of Ohl Creek returned consistently highly anomalous results for gold plus scattered highly anomalous results for Ag, Cu, Pb and Zn. This includes one sample that returned 9.48 g/t Au plus 12.8 g/t Ag, and 190 ppm Pb. These silt samples are located in proximity to the contact between sedimentary and volcanic rocks of the Hazelton group and the large granodiorite pluton that lies on the west edge of the property (AR 31420).

In 1994, ground north of the White River (adjacent to Minfile 103P 323) yielded polymetallic quartz veins that returned up to 4.86 g/t gold, 156.2 g/t silver, 0.61 percent lead, greater than 1.0 percent zinc and 190 g/t molybdenum (Assessment Report 25406). Follow up work in 1996, produced rock samples with values up to 24.914 g/t gold, 1254.0 g/t silver, 123 g/t molybdenum, 31.45 percent lead and 10.10 percent zinc (Assessment Report 25406).

On the western part of the current project, exploration that took place in 1994 and 1995 resulted in highly elevated silver values from grab and channel samples (AR 23933; Table 1). Samples containing tetrahedrite, chalcopyrite, galena, sphalerite and pyrite occur as massive stringers and/or along narrow, discontinuous quartz lenses filling shears in the rhyolites. Some disseminated sulfide mineralization was also noted extending for short distances into the wall rock adjacent to the sulfide bearing stringers and quartz veins. Mineralized zones vary from less than 1cm to up to 30cm in width. At least three separate zones have been identified with strike lengths in the order of 10’s of metres.

Table 1  – Selected grab samples from 1994 and 2020 programs

As recently as 2010, a VTEM survey was flown over part of the property producing several electromagnetic (EM) anomalies.

• Continued prospecting, geological mapping and geochemical sampling.
• Lidar of the property.
• Lead isotope geochronology on galena from mineralization.
• Drilling of identified targets.