Gold / Yeti

History

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. Geological mapping was first carried out by G.M. Dawson and R. McConnell in 1887.

Forrest Kerr's work in the Stikine River area was the next serious mapping effort. Kerr mapped the area from 1926 to 1929, covering 2500 square miles. Three geological maps were published in 1935, but Dr. Kerr died in 1938, before publication of his report was completed. A Dr. Cook completed the report after the Second World War, in 1948 (Kerr, 1948; note that this is reported as GSC Memoir 247 in many of the previous assessment reports, but is actually Memoir 246).

Considerable exploration activity then took place, resulting in the discoveries of Galore Creek (porphyry copper - gold) deposit 45 km. South; the Schaft Creek deposit (porphyry copper - molybdenum - gold) deposit 27 km. to the southeast; and the Johnny Mountain deposit even further to the south. J.G. Souther continued work in the Stikine area during 1971 (Souther, 1972).

A previous exploration program on the Yehiniko Lake property is indicated by old black powder fuses, fuel drums and cut timber. Phelps Dodge Inc. performed a program of trenching and perhaps I.P. in the area of the Main Zone of the Claims during the 1970's. The work was not recorded for assessment purposes.

D. Brown, C. Greig and M. Gunning of the Geological Survey Branch of the B.C. Ministry of Energy, Mines, and Petroleum Resources, performed detailed regional work in 1990 (Brown et al, 1990), and subsequent years (Brown et al, 1996). The geology in the Yehiniko Lake area has been considerably and significantly revised in this latest publication.

The most recent assessment began in 1990, when Coast Mountain Geological and Quest Canada Exploration Ltd. performed a reconnaissance stream sediment survey, revealing several multi-element anomalies from tributary streams of the Quattrin and Yehiniko Creeks.

Previous Exploration Landmarks

An Exploration Program has been initiated at CGW’s Highly Prospective Yeti Gold Property in NW British Columbia Located in the productive Stikine Terrane in Northwestern British Columbia, Canada, 50 km south of the Telegraph Creek mining area, CGW’s exciting Yeti Gold property will be the focus of further exploration in the coming months.

CGW 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 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 permitting has been initiated.

Consolidated Gold Win Ventures Inc. acquired an option to earn an interest in five contiguous mineral claims totaling 8 units. The claims were staked to cover gold-silver-copper bearing quartz-carbonate veins. The claims are located in the Liard Mining Division of British Columbia, 50 kilometres south of the Telegraph Creek mining area.

Consolidated Gold Win Ventures Inc. has completed substantial exploration work and continues to investigate the mineral potential of the property.

Topographic relief is generally rugged, with elevations ranging from the wide river valleys at 850 meters to the peaks exceeding 2000 meters elevation. Vegetation on the higher portion of the property is limited to alpine grasses, flowers, and low bushes; the tree line is at approximately 1100-1300 meters elevation with mean summer temperature 6-7º C., and mean winter temperature of -8 to -10º C.

The YETI GROUP Property lies within the Stikine Terrane, underlain by Upper Triassic Stuhini Group volcanic, volcaniclastic, and sedimentary rocks that have been cut by intermediate to ultramafic intrusions. Most of the rocks in the mapped area have undergone zeolite to greenschist grade metamorphism. This area lies between three extensive fault systems, the ESE King Salmon Fault System, NW (Coastal) Sundum - Fanshaw Fault System, and the Skeena Fold Belt. Structural features present include shears, faults and fractures with highly variable orientations. and dykes of various composition.

The deposit types in this area are gold-silver-copper bearing quartz-carbonate veins.

Copper and gold values associated with shears and quartz - carbonate veins are bounded by a dominantly pyritic zone and by a pyrite - pyrrhotite bearing tonalite intrusion. The veins range in size from 1 mm to occasionally over 1 meter in width, with an average width between 5 and 50 cm.

Alteration on the property includes silicification, and chlorite carbonate veins, stockworks, and breccia with tan colored ankerite - limonite alteration. Minerals occurring within the veins and shears include pyrite, chalcopyrite, bornite, sphalerite, and galena. Vein mineralogy varies from those clearly with galena and sphalerite, and those clearly without; both types may contain high gold values, and occur together in the same areas. Moderate quantities of silver, arsenic, antimony, bismuth and cadmium occur with galena, sphalerite, pyrite and chalcopyrite. Gold values are generally elevated in volcanic rocks beyond the intrusive contact. Gold values tend to follow the copper mineralization.

Each of these zones represents a potential vein that could be similar to those found on the Skyline property and other regional examples of geologically anomalous phenomena.