Golden Sky Minerals

Cassiar Gold District, British Columbia

Eagle Mountain Property

Previous exploration was focused on a plateau area that contained a concentration of several dominant linear structures trending 305 ° , ~350°, and ~80 ° . Precious metal mineralization with associated iron-carbonate alteration has been reported to be present

Ownership
100% owned

SUMMARY

  • Large, consolidated land package with ~10,000-hectares (100 km 2 ) to explore
  • Located in the Cassiar Gold District, which is host to Cassiar Gold Corp’s neighboring Cassiar Project covering the Taurus Deposit, with an inferred resource of about 1 M oz at 1.43 g/t Au (see website, Cassiar Gold Corp)
  • 100% owned by Golden Sky Minerals with no underlying royalties or payments
  • Nearby infrastructure includes an electric power grid, water, and a mill located on Cassiar Gold Corp’s neighboring Cassiar Project. Dease Lake is located 80 km SSW by helicopter and a staging area along Highway 37 is located 14km west of the Property, rendering exploration very cost-effective.
  • Historic work on the Eagle Mountain-Gold Property (1983-1986) confirmed that precious metal mineralization is associated with stacked faults/shears. Largely underexplored, this property has significant potential to host a significant orogenic gold deposit.
  • Geology
  • Exploration History

Previous exploration was focused on a plateau area that contained a concentration of several dominant linear structures trending 305 ° , ~350°, and ~80 ° . Precious metal mineralization with associated iron-carbonate alteration has been reported to be present along the latter two trends.

MINERALIZATION

Several zones of mineralization have been reported from the work conducted in 1983-1986, which include black coated drusy quartz veins (containing pyrite, stibnite, sphalerite, galena, arsenopyrite and/or chalcopyrite). Pieces of massive sulphide float were also discovered containing pyrite-galena-sphalerite, but the exact source location for the float remains undetermined.

  • There is no record of previous work on the claims prior to their being staked in 1983.
  • Work conducted in 1983 and 1984 included geological mapping, grid establishment, prospecting, a VLF-EM survey, and eight hand trenches. The trenches exposed several areas with anomalous base and precious metal mineralization.
  • Mineralization was demonstrated to be predominantly associated with stacked, moderately-dipping shears and/or fractures commencing <10 m downhole. As only 65.95 m of core was sent for analysis, the result was isolated anomalous values over core length. One intersection of assayed core is from Hole 86-CUX-E-1 (1986), where low-grade mineralization was intersected starting at ~15 m depth. This section averaged 0.5 g/t Au and 35.87 g/t Ag over 2.4 m, which includes a higher-grade zone assaying 2.27 g/t Au and 462 g/t Ag over 0.15 m. Though limited in scope, the drilling successfully demonstrated that precious metal mineralization is associated with linear shear zones.

TARGETING OROGENIC GOLD

The Eagle Mountain Project is located in a prolific past-producing gold district, which hosts Cassiar Gold Corp’s neighboring Cassiar Project covering the Taurus Deposit, with an inferred resource of about 1 M oz at 1.43 g/t Au (see website, Cassiar Gold Corp). The Cassiar Mining District is considered an orogenic gold camp within a geological setting favorable for hosting large gold deposits within the Intermontane Belt of the eastern Cordillera. The Intermontane Belt also hosts the Bralorne (>4.2 M oz Au) and Cariboo (>4 M oz Au) gold camps.

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