Pacific Bay Minerals: 100% Owned Properties
District Scale Gold Property
Underexplored district scale gold property with 56,569 hectares of mineral tenures.
ATLIN GOLDFIELDS
The Atlin gold camp is the second largest gold placer producer in British Columbia with over 600,000 troy ounces of gold produced between 1898 and 1945, predominantly in Pine, Spruce, and Otter creeks.
In the late 1980’s, Homestake Mineral Developments, conducted ground magnetic geophysical surveys over the Yellowjacket zone that outlined a possible fault zone associated with the boundary of the Cache Creek ultramafic complex, which was located directly underneath the placer operations.
Subsequently, diamond drilling discovered an orogenic sheared hosted mesothermal gold zone. This type of mineralization often displays nugget-like gold within quartz-filled shear zones similar to mines such as Bralorne, Cassiar, and Sheep Creek in British Columbia and the Motherlode mine in California.
Brixton initially acquired the property in 2016 and over the years consolidated the mineral tenures into one land package while also completing over 5,000 surface and soil samples, property wide high resolution airborne magnetic survey, and 1,599 metres of diamond drilling in 22 holes. Overall, the Property hosts 24 mineral occurrences of which 17 are associated with gold.
Historical drilling at Yellowjacket totals 25,767 metres distributed over 319 holes with several holes yielding excellent gold results.
43-101 Technical Report on the Atlin Goldfields Project, June 2022
In 2010, Eagle Plains Resources Ltd. and Prize Mining Corp., completed a resource estimate for the Yellowjacket mine, information regarding the resource is found in the report titled “Technical Report Yellowjacket Gold Project ” prepared by Linda Dandy and B.J. Price Geological Consultants Inc., dated January 27, 2010.
| 2010 Historic Mineral Resource Estimate – Yellowjacket Mine | ||||
| Class | Tonnage | Gold (g/t) | Ounces | Cut-off Grade (g/t) |
| Inferred | 133,000 | 5.8 | 24,000 | 1.5 |
“The Atlin Goldfields Option is the culmination of a lengthy search for a transformational asset to add to Pacific Bay’s portfolio. The significant exploration potential at Atlin provides us with the unique opportunity to build shareholder value, and a notable resource upon which we can further enhance the prospects of the Company towards being a gold producer.” – Antonio Vespa, CEO
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).
Haskins Reed
Zinc.
Silver.
Copper.
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.
Download the Plan and Sections of the Weaver Lake Gold Main Zone.