Lode Gold (Weaver) Gold Property
In the first quarter of 2014, Pacific Bay signed an option agreement to acquire 100% of 29 mineral claim units in the New Westminster Mining District near Weaver Lake in Southern British Columbia. Accessibility is excellent. The Weaver property is about 1.5 hour’s drive from Vancouver and is transected by an all-weather road.
The Weaver property 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.
The Weaver property was explored by Cominco in 1974 under an option from Aaron Mines Ltd. Aaron went on later to conduct underground exploration on what was called the Main Zone through a short adit and crosscut along the zone.
Download the Plan and Sections of Main Zone.