The Redgold Project consists of 58 mineral claims covering an area of 8,278 hectares contiguous with Imperial Metals’ Mount Polley project and Vizsla Copper’s Woodjam project. With the addition of the Redgold Project the Company’s combined Woodjam-Redgold project area will cover 74,604 hectares of prospective geology in the Quesnel terrane of south-central British Columbia.
A total of 49 drill holes have previously been completed on the Redgold Project together with numerous geochemical and geophysical surveys. Porphyry-related copper-gold mineralization was initially discovered in the early 1970’s and over the course of subsequent exploration programs, at least five zones of copper-gold mineralization have been discovered.
In each of the zones, copper-gold mineralization is associated with late Triassic to early Jurassic alkaline monzonite or syenite stocks, dykes or intrusive breccias.
Five zones of copper-gold mineralization:
- EAST ZONE
- Drill hole RG12-11, drilled at the East Zone, intersected 0.21% Cu and 0.24 g/t Au over 152 metres and cored 85.6 metres of syenite intrusive breccia, a common host rock for copper-gold ore at the adjacent Mount Polley mine
- NORTH ZONE
- Previous drilling at the North zone intersected 2.87% Cu and 2.07 g/t Au over 8.1 metres in drill hole SH07-032
- QUARRY ZONE
- NORTHEAST ZONE
- REDGOLD ZONE
The Redgold Project was most recently explored by Gold Fields in 2014 and has been largely dormant since. The most recent drilling was completed by Gold Fields in 2012.
