CSE SYMBOL: SRS

Homathko Gold Project

Homathko Gold Project

The Homathko property is situated on the eastern margin of the Pacific Coastal mountain range in the Caribou Regional District, British Columbia, located approximately 200 kilometres west of Williams Lake. The property hosts gold occurrences situated in deformed rocks of the Stikine Terrane, located in the central interior of British Columbia. The Stikine is host to numerous world class gold and polymetallic base metal deposits (Bralorne/Pioneer, Galore Creek, Red Chris, Kemess, Gibralter, Highland Valley, Eskay Creek, Minto). Despite a long history of exploration work targeting the rocks of the Stikine Terrane, little historical exploration work has been conducted in the area along the Homathko River, southwest of Tatlayoko Lake.

Homathko picture 2

History

In 1964, a reconnaissance team lead by James McDougall (Canadian Mining hall of Fame Inductee) of Falconbridge landed on the north slope of Mt Homathko to investigate an exposure of rusty quartz veining located at the base on a retreating ice field. Rocks collected during this stop returned highly elevated values of gold in grab samples from rock outcropping on the property. The following summer, a party returned to stake the property and conduct a 3 week program of prospecting and sluice trenching. The work conducted during the early summer of 1965 identified a broad zone of auriferous quartz/carbonate veins hosting values up to 11 oz/t gold. It was recommended that a drill be employed to obtain a continuous sample through the Discovery Creek Showing area and investigate areas covered in overburden. It was noted that the proximity to the showing to the ice field, the remote location, short season and the price of gold were deterrents to Falconbridge conducting additional work on the prospect at the time. It was further noted that the ice field was retreating quickly and would provide the potential to reveal additional veining up section.

In 1966 McDougall recommended that Falconbridge return at a later date, when the price of gold was increased and the ice field had further retreated. Record of these activities conducted by Falconbridge did not become publically available until 2007, after private company records donated to the BC Department of Mines were scanned and made available to the public.

Despite the lack of public record, local knowledge of the Falconbridge discovery persisted. In 1974, the site of the Falconbridge discovery was visited and acquired by Van Rosen, who observed that most of the trenches exposed by Falconbridge had been buried. No record of additional work by Van Rosen is known. In 1983 the property was acquired by R. Dion. An assessment report presenting the results of some air photo fracture density interpretation was submitted on Mr. Dion’s behalf by Rosen in 1983. (AR11770) No physical work was recorded on the property during this period. The property was acquired by Golden Rule who commissioned a 3 day property visit in 1989. R.D. Cruikshank visited the property located Falconbridge’s discovery showing and took 30 rock samples. Cruikshank’s grab samples returned gold values up to 1.88 oz/tonne. (AR18977). It appears that and Golden Rule were aware of Falconbridge’s past activity on the property, but that they did not have the benefit of seeing the reports of work completed by Falconbridge in the late 1960’s. The property was staked by Transition Metals in 2010 who have completed prospecting and mapping work which were filed for assessment in 2010 and 2011.

Homathko Sample map small

(Summary Interpretation based on Reconnaissance Mapping and Location and Gold Results from Field Samples)

 About J.J. MacDougall

During a career that has spanned more than half a century, James McDougall has earned a reputation for boldly going where few geologists have ever gone before. It is said that his footprints can be found on just about every mineral occurrence in British Columbia, the Yukon and Alaska, where he has found or helped discover more than 16 major mineral deposits. His most significant and famous discovery lies within a park and will likely never be mined, but his pioneering work in the discovery of the Windy Craggy copper-gold-cobalt deposit puts him right alongside Canada’s other great mine-finders.

McDougall’s technical skills, vision, and dedication to working whenever there was daylight all contributed to his prospecting success, but another equally important factor was his willingness to explore rugged and remote wilderness areas. He was among the first to use fixed-wing planes and then helicopters to explore new terrain, and among the first to make use of advanced geochemical and geophysical techniques.

McDougall was named “Prospector of the Year” by the Prospectors and Developers Association of Canada in 1985. In 1987, he received the H.H. Spud Huestis Award for Excellence in Prospecting and Mineral Exploration from the B.C. and Yukon Chamber of Mines. He was inducted into the Canadian Mining Hall of Fame in 2006.