Gold / Yeti
Description
Located in the productive Stikine Terrane in Northwestern British Columbia, Canada, 50 km south of the Telegraph Creek mining area, GWV’s exciting Yeti Gold property will be the focus of further exploration in 2008.
GWV acquired properties in the region in the mid 1990s, the area noted for
discoveries like Eskay Creek and many other mines and deposits found within the last 20 years.
Work done in the mid to late 1990’s uncovered significant gold and copper mineralization on the property (74 grams per tonne gold in grab samples in the known veins) that has never been followed up by drilling. Minor geophysical surveying completed during that time suggested an intimate relationship of the anomalies and the rich gold and copper veins.
The Yeti Claim Group claims (GWV acquired an option to earn an interest in 8 units) are located in the Liard Mining Division of British Columbia. A large contiguous land package with multiple copper-gold showings, the property has is a minimum of six alteration zones/quartz vein systems and four separate ore bodies known at the present time.
Early sampling has revealed up to 14.9 ounces of gold per ton.
Stikine River Area Reports Over 1 Billion Tonnes of Mineral Reserves. The Stikine River area was first explored for placer gold in the 1860's, and in the latter part of that century an estimated 1800 oz. of gold was removed. Considerable exploration activity then took placed in the early part of the 20th century, resulting in the discoveries of Galore Creek (porphyry copper - gold) deposit; the Schaft Creek deposit (porphyry copper - molybdenum - gold) deposit and the Johnny Mountain deposit.
Add to that the more recent discovery at Copper Canyon and the area has in excess of one billion tonnes of mineral reserves, all in close proximity to the Yeti claims.
Retreat of glaciers continues to expose new tracts of highly prospective ground. The geology is highly prospective for porphyry and massive sulphide deposits, mesothermal and epithermal veins, and skarn mineralization. There has been minimal historic exploration conducted to date and the ongoing retreat of glaciers continues to expose new tracts of highly prospective ground in areas that previously reported mineralization and anomalous stream samples.
The geology shows stuhini volcanics with adjacent felsic intrusives on the Yeti Property - similar to the zones hosting the Galore Creek deposit and the other Stikine River Deposits.
Drill targets have been identified on this gold property and work will commence in due course.
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