GOLD PROVINCE OR PROVINCE OU British Columbia YELLOW

~ I I V U U CI ;
PRODUIT
PROVINCE OR
TERRITORY
GOLD
PROVINCE OU
TERRITOIRE
B r i t i s h Columbia
I
I
NAME OF PROPERTY
NOM DE LA P R O P R I E T ~
at.
Mining Division
Division minigre
Skeena
Long.
Long.
130 O0 8 '
Range 4 Coast
District
District
County
Comt6
Township or Parish
Canton ou paroisse
Lot
Lot
Sec
Sect.
53'22'
Concession or Range
Concession ou rang
.
TP.
Ct.
DESCR lPTlON OF D EPOStTIDESCRIPTION DU GISEMENT
Banks I s l a n d i s underlain mainly by g r a n i t i c rocks of t h e
Coast I n t r u s i o n s and remnants of metasedimentary rocks which
a r e i n d i c a t e d (Map 23-1970) t o be Permian (?) and/or Older i n
age. One such remnant, i n t h e v i c i n i t y of Waller, Hepler and
Banks l a k e s , comprises i s o c l i n a l l y folded limes tone and
a r g i l l a c e o u s rocks which a r e metamorphosed t o marb le s k a r n
and s l a t e . Bulk tonnage disseminated gold occurs i n h i g h l y
f r a c t u r e d g r a n i t i c rocks (Kim zone), while high grade gold
lodes (Discovery, Tel, Bob zones) occur i n t h e metasediments
and a s s o c i a t e d skarns. The m i n e r a l i z a t i o n i s c o n t r o l l e d by a
w e l l developed f a u l t and f r a c t u r e system; t h e s e s t r u c t u r e s an
t h e sedimentary rocks a r e known l o c a l l y t o continue t o depths
g r e a t e r than 350 metres
The s u l p h i d e m i n e r a l i z a t i o n include,
p y r i t e , py r r h o t i t e , a r s e n o p y r i t e , c h a l c o p y r i t e , s p h a l e r i t e an
galena.
,
.
I
'
OBJECT LOCATE,D
OBJET LOCALlSE
Lat.
I
I
The property i s l o c a t e d on Banks I s l a n d some 60 miles
south of P r i n c e Rupert.
Falconbridge Nickel Mines Limited l o c a t e d t h e f i r s t
claims i n J u l y 1960 a t Hepler Lake, midway between Banks and
Waller Lakes. This new discovery of gold-bearing mineralizat i o n i n the c o a s t a l a r e a r e s u l t e d from s y s t e m a t i c p r o s p e c t i n g
of major lineaments. Some 200 claims were s t a k e d by
Falconbridge i n the Banks, Banker, I s l e , O m i , Waller, Bay,
Nik, L i l l y , and Keetcha groups.
M i n e r a l i z a t i o n on t h e Banks 1-4 claims a t t h e s o u t h e a s t
end of Hepler Lake was explored by diamond d r i l l i n g during
t h e summer of 1963. The d r i l l i n g c o n s i s t e d of 5 EX d r i l l h o l e s t o t a l l i n g 1,250 f e e t and 1 8 AXWL h o l e s t o t a l l i n g
5,800 f e e t . Additional work i n 1964 included about 60 l i n e miles of geochemical and s e l f p o t e n t i a l surveys, about 100
rock c u t s , p i t s , and trenches, and 13,074 f e e t of diamond
d r i l l i n g i n 16 h o l e s .
No f u r t h e r a c t i v i t y was r e p o r t e d u n t i l 1973 when Wesfrob
Mines L i d t e d , a wholly owned s u b s i d i a r y of Falconbridge,
began work on t h e p r o p e r t y . During 1973 Wesfrob c a r r i e d o u t
magnetorceter, electromagnetic and g e o c h e d c a l s o i l (200
F u r t h e r geochemical
samples) surveys over 2 . 3 line-miles
s o i l surveying (348 samples) was done i n 1974. During 1975
a geochemical survey (4,136 samples) over 31.5 line-kilometres covering a l l t h e claims, and trenching, were c a r r i e d
o u t . Work during 1976 included g e o l o g i c a l mapping, s u r f a c e
diamond d r i l l i n g i n 11h o l e s t o t a l l i n g 1,102 metres on Bank
1, 2 , 4 , 141, and Banker 141, 147, 210, 211, and packsack
diamond d r i l l i n g i n 9 h o l e s t o t a l l i n g 112.2 metres on Bank
2, 141, 147.
The a d j a c e n t Tel group of claims was l o c a t e d by KcIntyrePorcupine Mines, Limited i n 1964. During 1965 the company
p u t down 26 packsack diamond d r i l l h o l e s t o t a l l i n g 1,761 f e e t
on Tel 23 claim. N o f u r t h e r work was reported. The company
name was changed i n 1974 t o McIntyre Mines Limited.
S p r o a t t S i l v e r Mines Ltd i n June 1975 purchased from
McIntyre t h e Tel 23, 24, 37 and 38 claims. Work i n 1975
included an induced p o t e n t i a l survey, a geochemical survey
(424 samples), and diamond d r i l l i n g i n 17 h o l e s t o t a l l i n g
.
see Card 2
Associated minerals o r products
Mineraux ou produits associes
-
S i l v e r ) l e a d , Zinc,
AU 1
HISTORY OF EXPLORATION AND DEVELOPMENT
HISTORIQUE DE L'EXPLORATION ET DE LA MISE EN VALEUR
YELLOW GIANT (BANKS, TEL)
UNCERTAINTY
FACTEUR D'INCERTITUDE
I
N.T.S. AREA 103 ~ / 8
R ~ G I O NDU S.N.R.C.
....
ILUUL3
O Mineral Policy Sector, Department o f Energy, Mines and Resources, Ottaw,
Q Secteur de la politique minkrule, ministPre d e Z'Energie, des Mines et des Ressources, Ottawi
-
REFERENCESIBIBLIOGRAPHIE
HISTORY OF PRODUCTIONIHISTORIOUE D E LA PRODUCTION
Seraphim, R.H. ; Report on T e l Claims, Banks I s l a n d ;
i n S p r o a t t S i l v e r Mines L t d S t a t e m e n t of Material
F a c t s , June 19 75.
Reports of M i n i s t e r of Mines, B r i t i s h Columbia:
p . 21+; 1964, p . 47.
1963,
Geology, E x p l o r a t i o n and Mining; B r i t i s h Columbia Dept. of
Mines: 1973, p. 484; 1974, p . 323; 1975, p. E 174;
1976, p. E 162; 1977, p . E 206; 1978, p . E 235.
Roddick, J.A. ; Douglas Channel-Hecate S t r a i t Map-Area,
B r i t i s h Columbia; P a p e r 70-41, p . 5 1 , Geol. Surv. of
Canada, 1970.
Mineral Policy Sector; Corporation F i l e s :
Corpl' ; '"rader Resource Corp"
.
G e o l o g i c a l Fieldwork;
1978, p. 103.
"Hecate Gold
B r i t i s h Columbia Dep t. of Mines :
E x p l o r a t i o n i n B r i t i s h Columbia; B r i t i s h Columbia Dept
Mines: 1975, p. E 174; 1984, p. 372.
MAP R EFE RENCESIR~F~RENCES
CARTOGRAPHIQUES
*Map 103 G/8 E , Banks I s l a n d , (Topo.) , Sc. 1:50,000.
Map 23-19 70, Douglas Channel and Hecate S t r a i t , (Geol.) ,
Sc. '1:250,000
accomp. P a p e r 70-41, Geol. Surv. of Canadi
-
B ~ i n e a m e n t son p a r t o f Banks I s l a n d , Sc. 11':6,200 f t . , Fig. 3 ,
Report of M i n i s t e r of Mines, B r i t i s h Columbia, 1963.
C l a i m map, Sc. 11':120 f t
- Report by
R.H.
Seraphin? (1975).
Geology i n B r i t i s h Columbia;
-
Date
DMacR
1 08-86 1
1984, p. 12;
1985,
George Cross News L e t t e r s : 1983, No. 129; 1984, Nos. 8,
41, 43, 130, 205, 213; 1985, Nos. 45, 142, 215,
243, 245; 1986, Nos. 11, 1 4 , 111, 152.
REMARKSIREMARQUES
Cornp./Rev. By
. of
I
M i n e r a l E x p l o r a t i o n Review, BCDM:
pp, 15, 19.
Yellow G i a n t P r o j e c t , Claim map, George Cross News L e t t e r ,
1986, No. 14.
~ o r n p/rev.
.
par
Date
'
B C I 1 0 3 H, G
...
.
- 9,
38, 39
BCDM:
1977-81, p . 139.
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PRODUCT
PRODUIT
NAME OF PROPERTY
NOM DE LA PROPRIETL
PROV l NCE 0 R
TERRITORY
PROVINCE O U
TERRITOIRE
YELLOW GIANT (BANKS, TEL)
B r i t i s h Columbia
N.T.S. AREA
1 0 3 GI8
REGION DU S.N.R.C.
Card 2
-
\
REF.AU 1
REF.
HISTORY OF EXPLORATION AND DEVELOPMENT (continued)
HISTORIQUE DE L'EXPLORATION ET DE LA MISE EN VALEUR
1,050 metres on T e l 23. The company name ( S p r o a t t ) w a s
changed i n 1977 t o Hecate Gold Corp.
I n May 1977 Hecate o p t i o n e d a 90% i n t e r e s t i n t h e Banks
p r o p e r t y (94 claims) from Falconbridge ; t h e combined
p r o p e r t i e s were s u b s e q u e n t l y r e s t a k e d a s t h e Yellow Giant
1-10 claims (120 u n i ts , 7,400 a c r e s )
During t h e p e r i o d
September 1977 t o May 1978 a 1,425 f o o t d e c l i n e was d r i v e n
on t h e Bob showing, opening t h e s h e a r s t r u c t u r e f o r a
l e n g t h o f 440 f e e t and t o a v e r t i c a l depth of 203 f e e t .
Underground diamond d r i l l i n g t o t a l l e d 1,100 f e e t . Hecate
Gold i n June 1982 amalgamated w i t h Host Ventures L t d under
t h e l a t t e r name. I n May 1963 Host o p t i o n e d t h e p r o p e r t y t o
United m n e r a l S e r v i c e s Ltd and diamond d r i l l i n g w a s
r e p o r t e d . I n January 1984 United t r a n s f e r r e d t h e agreement
t o Trader Resource Corp. A second agreement gave T r a d e r a
100% working i n t e r e s t w i t h Falconb r i d g e and Inter-Globe
Resources L t d (formerly Host Ventures) a 10% c a r r i e d
i n t e r e s t each. Work i n 1984 i n c l u d e d a i r b o r n e Mag and EM
s u r v e y s over 300 kn; and 3 575 m of diamond d r i l l i n g . I n
1985 g e o p h y s i c a l and geochemical s u r v e y s , t r e n c h i n g and
d r i l l i n g were c a r r i e d o u t ; d r i l l i n g t o d a t e on f o u r zones
t o t a l l e d approximately 29,000' i n 157 h o l e s . Reserves a t
e n d o f 1985 were r e p o r t e d as f o l l o w s :
Zone
Tons
o z / t Au
Kim
1,100,000
0.072
Bob
50,000
1.17
Discovery
100,000
0.46
(Trader Res Corp, S t a t e m e n t of M a t e r i a l F a c t s 13/01/86).
Reserves i n t h e T e l zone were r e p o r t e d (June 1986) a s 206,400
t o n s n i n e a b l e a t 0.64 o z / t Au, 1 . 2 8 o z / t Ag (Northern Miner
23/06/86)
.
.