While the Cariboo District is most renowned for its colorful history of placer gold being found throughout the region, the area has, however, supported a number of rather prosperous hardrock gold deposits. Fred Wells, being the pioneer of such discoveries, founded the Cariboo Gold Quartz Mine in 1933, when the rest of Canada was immersed deep into the Great Depression of the 1930's. Since, countless individuals and companies have staked ground throughout the region. It has only been in more recent decades that serious attention had been extended toward the Beaver Valley region, in particular, that area lying north of the Big Lake/Likely Road corridor. Faulting and fracturing parallels both sides of the north-flowing Beaver Creek drainage system. The physiology of the area lends evidence of multiple glacial events, both advancing and retreating, which in some locales has stripped the landscape of overburden to leave outcrops, while in others, as is common within the Cariboo district, created a blanket of overburden, covering the underlying geology.
GEOLOGY
The “Gallagher” property overlies undivided sedimentary, marine sedimentary, and, limestone, marble and calcareous sedimentary rock types. Regional Geochemical Surveys conducted on the property has identified extremely high gold values within creek waters draining this area. Though only limited surface prospecting has been performed on this property since GPEX’s initial staking, all indications suggest the extremely high geochem count is most probably due to creek waters flowing directly over an exposed, highly auferious, sulfide vein. The current fiscal work program is intended to focus along the fault’s contact zone within western portion of the property, which cuts the tenure in a north to northwest direction. The area is also well known to locals for its massive copper mineralization.
This property is situate within Map Area 093A, approximately 47 kilometers north of both Williams Lake and/or 150 Mile, 27 kilometers east-northeast of McLeese Lake, or, 61 kilometers south-southeast of Quesnel. Access would be considered excellent to both the eastern and western extensions of the property, and is conducive to prospecting for approximately seven months out of the year.
Regional Geology
The region's geology is best described by A. Panteleyev and K. Hancock, in BCMEMPR
Open File 1989-14, and summated as follows:
Geology of the Beaver Creek-Horsefly River Map Area
(NTS 093A/5,6)
Open File 1989-14 portrays the geology and mineral occurrences of the Beaver Creek-Horsefly River area (93A/05, 06) in central British Columbia.
The oldest strata in the area are fetid limestone, graphitic argillite and siltstone of the Paleozoic Cache Creek Group. A Carnian and younger (?) siltstone and sandstone unit becomes volcaniclastic toward the top. Norian rocks compose seven units. Pyroxene phyric alkali basalt flows, alkali basalt flows, pillow lava and pillow breccia make up unit 2A. Pyroxene-phyric basalt breccia, lithic lapilli and ash tuff, and mafic wacke predominate in unit 2B. Mafic breccia, debris flow or lahar deposits comprise most of unit 2C. Pyroxene basalt breccia, tuff and pyroxene-rich wacke make up unit 2D. Analcite-bearing alkali basalt dominates unit 2E. Unit 2F is mafic sandstone and siltstone, calcareous siltstone, and limestone breccia. Feldspar-lath, pyroxene phyric basalt is the most abundant rock type in unit 2G. Norian (?) or younger sandstone, siltstone and calcareous siltstone comprise unit 2H. Sinemurian rocks are polylithic breccias, hornblende phyric andesite flows, and analcite-bearing alkali olivine pyroxene phyric basalts. Polylithic conglomerate, shale and sandstone are Late Jurassic (?) and possibly Cretaceous. Eocene rocks are lacustrine siltstone and siltstone, crystal ash tuff, biotite trachyandesite and andesite. Miocene plateau basalts occur with basal conglomerate and fluvial channel deposits.
Intrusive rocks include Early Jurassic diorite, monzodiorite, syenodiorite, monzonite and syenite bodies and Late Jurassic (?) or possibly Cretaceous quartz diorite and granodiorite.
The area is known for important historic and active placer gold deposits. It also has potential for quartz vein gold, porphyry copper-gold, and porphyry copper-molybdenum deposits. Much of the exploration for lode gold and copper-gold deposits has concentrated on intrusion-related alteration zones in and near alkaline intrusions. Copper-molybdenum mineralization has focused on granodioritic rocks of Cretaceous (?) and Eocene age.
please direct all inquiries to:
Larry Amey Pres. & CEO
(604) 869-5511 larry@gpex.ca
Serious parties only, please
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