Hot Bath Property
Location: Northern British Columbia (near Dease Lake)
Ownership: Option to acquire 100%
Size: 3,634 ha
Rock Samples Return Values over 3% Cu and 3 g/t Au
Gray Rock acquired its option on the Hot Bath property from DeCoors Mining in June 2017. The property was originally acquired by DeCoors in 2014 based on results from an airborne magnetic geophysical survey, rock geochemistry and geological mapping completed as part of Geoscience BC’s Quest Northwest study. This study supports the interpretation of mid-Jurassic calc-alkaline intrusives that are known to be favourable host rocks for copper-gold mineralization.
Subsequent exploration by DeCoors in 2015 and 2016 included 760 MMI geochemical samples, 12 line kilometers of Induced Polarization and 3.5 line kilometers of magnetometer geophysical data. This data identified an extensive area, 800 meters by 1 kilometer of coincident high chargeability geophysical values and anomalous MMI copper, and other indicator minerals in soils. During DeCoors’ exploration program, an oxidized quartz-chalcopyrite vein near the centre of the MMI/IP anomaly was exposed and sampled. Rock samples from this vein returned values over 3% copper and 3 grams per tonne gold. These samples were selective and may not be indicative of the mineralization of the property.