Wheaton Creek Gold
Pacific Bay owns 100% of the Wheaton Creek Gold Property (“Wheaton Creek,” formerly the “Boulder Property”) located in the Skeena Mining Division of northern British Columbia. Pacific Bay management believes the relatively unexplored Wheaton Creek Gold Property has significant potential to host high grade gold mineralization.
Boulder, near the Turnagain River approximately 60 kilometres east of the town of Dease Lake, has been the site of an active placer gold operation for many years.
Limited exploration has been carried out to date targeting the potential source of the placer gold in the underlying bedrock.
Pacific Bay owns the subsurface mineral rights while the surface placer operation remains owned by the vendor of the claims.
The geology underlying the Boulder placer gold mining area has many similarities to the Cassiar Gold Camp approximately 90 kilometres to the north, where close to 500,000 ounces of gold have been mined from underground quartz veins and surface placer operation.
Cassiar’s McDame Creek produced the largest gold nugget found in BC (72 ounces) and the Alice Shea Nugget, weighing 52 troy ounces, found under one kilometre south of the Property, remains BC’s largest existing gold nugget (presently on display at the Royal BC Museum).
The Haskins-Reed Property is a Zinc, Silver, Lead, Copper and Bismuth prospect with multiple mineralized zones outlined with 200 drill holes substantial underground development completed over a 50 year period of intensive work.
Since 2008, Pacific Bay has invested over $750,000 on the property, including diamond drilling, airborne geophysics, soil geochemistry and other surveys.
Haskins-Reed hosts multiple deposits previously explored separately by several large and small mining firms over the years. Pacific Bay has now compiled these zones into one contiguous property.
Brett Zone High Grade Zinc
The Brett zone is situated immediately northwest of the Mount Reed stock. Exploration work on the Brett massive sulphide zone comprised 14 line-km of soil sampling, 14 line-km of magnetometer surveying and nine diamond drill holes.
B Zone Silver, Lead, Zinc Copper Bismuth
The ‘B’ Zone is situated on Mineral Tenure 510712 at the northern end of the Property. Trenching, drilling and underground development has shown that skarn-hosted mineralization occurs as three lenses with an aggregate strike length of 308 m, an average true width of 8 m, and an average dip of -40° with strong vertical continuity.
In 1972 a shipment of approximately 90 kg of diamond drill core from the B Zone was submitted by Della Mines to Lakefield Research of Canada Limited. Lakefield determined the head grade to be: 0.75% copper, 0.47% lead, 3.90% zinc, 0.33% bismuth and 120 gpt silver. Lakefield found that better metal recoveries were obtained by selective flotation.
Weaver Lake Gold
The Weaver property (100% Pacific Bay) is considered a high grade, underground gold target with potential to host volcanogenic massive sulphide deposits as well. A 1996 seven-hole diamond drilling program intersected significant gold mineralization, including:
- 8.61 grams per tonne gold and 46.2 grams per tonne silver over 3.05 metres*
- 4.68 grams per tonne gold and 383.7 grams per tonne silver over 6.10 metres*
An earlier drill program in 1975 yielded some significant intercepts, including:
- 2.13 metres of 11.79 grams per tonne gold and 44.57 grams per tonne silver*
- 2.13 metres of 6.86 grams per tonne gold and 27.08 grams per tonne silver*
- 5.18 metres of 4.14 grams per tonne gold and 25.03 grams per tonne silver*
- 1.52 metres of 16.6 grams per tonne gold and 91.88 grams per tonne silver*
*These intercepts indicate total core length only as the true width of the mineralization has not yet been determined.