 GPEX Mineral Property Portfolio
WATSON BAR CREEK GOLD REGION
The “GOLD MEDALLION” Claim
(AKA Mad)
Tenure # 540362 - GPEX File Number: 158
Features - Epithermal Au & Ag - Assayed 9.12 g/t Au
The “Gold Medallion” tenure, a two cell claim comprising 40.607 hectares, is located on the west side of the Fraser River, in the Watson Bar Creek region of the High Bar area, 43 kilometers north-northeast of Lillooet and 33 kilometres due west of Clinton. Madson Creek flows southerly through the property to its confluence with Watson Bar Creek, a tributary of the Fraser. Access to the property is excellent, via the West Pavilion Road, leading north from Lillooet, B.C., a distance of approximately 85 road kilometers.
Lies to the west of the Fraser Fault, underlain by sedimentary rock types, intruded by an elongated quartz feldspar porphyritic body. The former Mad prospect, a previously developed straddles the western border of the Medallion claim. Considerable work has been conducted in regard to proving out the area, and a grab sample taken from the adit (the old Mad prospect) in 1987, assayed 9.12 grams per tonne gold.
This tenure is well suited for further exploration and development, or as a capital investment property.
Central coordinates are 122° 05’ 42.3” W Longitude, 51° 04’ 37.0” N Latitude
Please see the Ministry Minfile below for a capsule summary
MINFILE No 092O 092
SUMMARY
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NMI |
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| Name |
MAD, WATERMELON |
Mining Division |
Clinton |
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|
BCGS Map |
092O010 |
| Status |
Prospect |
NTS Map |
092O01E |
| Latitude |
51º 04' 35" N |
UTM |
10 (NAD 83) |
| Longitude |
122º 06' 05" W |
Northing |
5658704 |
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Easting |
562951 |
| Commodities |
Au, Ag, Cu, Pb, Zinc, Antimony |
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| Deposit Types |
H05 : Epithermal Au-Ag: low sulphidation |
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| Tectonic Belt |
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Intermontane |
Terrane Stikine |
Capsule Geology The Mad prospect occurs within a region underlain by mainly sedimentary rocks of the Lower Cretaceous Jackass Mountain Group, cut by several cross faults and splays of the Fraser fault. Intruding the Jackass Mountain Group are numerous dykes and small stocks of quartz feldspar porphyry.
Epithermal gold-silver mineralization occurs in: 1) stockwork quartz-carbonate veinlets with pyrite, arsenopyrite and chalcopyrite; 2) conformable quartz veins and replacements with arsenopyrite, chalcopyrite, sphalerite and galena; 3) crosscutting quartz veins with pyrite, chalcopyrite and sphalerite; 4) massive sulphide veins containing pyrrhotite, pyrite, arsenopyrite, sphalerite, chalcopyrite and galena; 5) finely banded or disseminated arsenopyrite in siltstone. Anomalous levels of antimony and mercury are often associated with the mineralization.
A grab sample taken from an adit in 1987 assayed 9.12 grams per tonne gold (Assessment Report 17781).
First Point Capital Corp. drilled the prospect in 1997.
Bibliography EMPR ASS RPT 11585, 13019, 13993, 16713, 16823, *17781
EMPR BULL 44, p. 109
EMPR EXPL 1988-C130-131; 1997-39
EMPR INF CIRC 1998-1, p. 27
EMPR OF 1988-29
GSC OF 534; 2207
GSC P 1967-54
CJES 1985, Vol. 22 pp. 155-174
With the opening of GPEX’s mineral property portfolio, these and several other dynamic prospects of high potential, are now made available to parties bearing serious hardrock interest. Whether of larger mining status, a junior firm desiring to expand upon its operations or holdings, the entrepreneurial mining speculator, the individual seeking investment opportunities, the small operator desiring a Mom & Pop operation, or, the junior prospector seeking a quality property to engage in hardrock explorations, quite possibly the acquisition of one or more of GPEX’s properties will satisfy the search.
please direct all inquiries to:
Larry Amey Pres. & CEO
(604) 869-5511 - larry@gpex.ca
Serious parties only, please
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