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GLST (Fraser Lake) Property

Overview

Location: Central British Columbia (Omineca Mining Division)
Minerals: Au, Ag, Mo
Ownership: 100% Gray Rock
Size: 476.8 ha
Status: Exploration

Property Description

The GSLT property is located in central British Columbia approximately 33 km southwest of Fraser Lake and 160 km northwest of Prince George within the historic Omineca Mining District. Other notable projects in the area include Centerra Gold’s Endako Mine which lies 20 Km to the north and New Gold’s Blackwater project located approximately 80 Km to the south. The property is attractively located and is near infrastructure, the terrain is characterized by rolling hills and is accessible by road and has access to low cost hydroelectric power. The GSLT property is situated approximately 40 Km north of Gray Rock’s Ootsa property.

Exploration History

In 2011, Kootenay Gold Inc collected 15 samples. Most samples were significantly elevated in gold and silver but much less so than sample SAK11-191 which assayed, 2.26 grams per tonne gold and 211 grams per tonne silver and 0.089 per cent lead.

The GSLT property was re-staked in February 2017 and was the subject of a rock sampling program during the summer of the same year. In all, 17 trenches were dug yielding silver values as high as 190 g/t with anomalous values for PC, Te and Zn also encountered.

Geological Setting

The primary geological target is epithermal veins, shear‐zone hosted gold deposits. “Epithermal” literally means “shallow heat”, and is applied to hydrothermal systems emplaced at shallow depths (<1 km) in the earth’s crust. “Low Sulfidation” refers to a style of epithermal system developed in a geothermal or hot springs environment. Gold and silver mineralization in low sulphidation epithermal vein deposit (“LSEVD”) systems occurs dominantly as veins and stockworks with minor disseminations. Low‐sulfidation deposits form from neutral‐pH, reduced (H2S‐rich) hydrothermal fluids similar to those encountered in geothermal systems with surface manifestation including silica sinter‐depositing hot springs and steam‐heated acid‐sulfate alteration.

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