Babine Lake Porphyry-Style Mineral Occurrences and/or Deposits
The Babine Lake area has been historically well known for a significant number of porphyry-style mineral occurrences and/or deposits. The most notable deposits are the Granisle and the Bell Mines. The Bell copper mine was also a significant producer of gold with past production and anticipated reserves totalling 68 million tonnes with a recovered and contained 17,755 kg (570,819 oz) of gold (Schroeter et al. 1989). Bell Copper produced 21,349 tonnes of copper and 29,000 ounces gold in 1990. Additional mineral potential in the area has been ranked extremely high, as the Babine Lake area is the fourth most prospective in the entire Skeena-Nass mineral potential project area (MacIntyre et al. 1995). Maclntyre et al. (1996a) noted that in terms of 1986 dollars, the estimated value of known in-ground mineral resources is $1.96 billion and the value of the past production is estimated to be $1.13 billion. A rock sample from the Topley property yielded 6.84 grams/ton Gold (Carter, 1992). Mineral deposit types present in the region are classified as porphyry and epigenetic, characterized by disseminated, vein, and breccia hydrothermal systems.
In July 2019, Decoors Mining Corp undertook a small geochemical survey on its 100%-owned Topley property to determine the prospectivity of copper-gold mineralization concealed beneath the till. 112 samples were collected and 93 were analyzed. The results of the survey yielded potential copper and gold exploration targets, providing a sufficient level of confidence to warrant future follow-up exploration work (Matt Fraser, February 2020).
* This information is derived from the NI 43-101 compliant report NI 43-101 TECHNICAL REPORT on the TOPLEY PROPERTY, Topley Landing, Babine Lake Area, Omineca MD, BC” with an effective date of May 7, 2021.