Property Geology
- High grade epithermal vein system
- Includes 2 parallel vein systems:
- The Apollo trend, a past producer (operated from 1891-1922)
- The Shumagin trend, an advanced exploration target with a historic (non 43-101 compliant) resource
- No work has been completed on the project since the 1980's
Shumagin Trend
- Multiphase epithermal vein system, at a mafic/felsic contact
- Open along strike and at depth
- Previous drilling suggests multiple high grade shoots
Highlight drill results from the 1980's
| Hole |
Core Length* (ft) |
Gold (oz/t) |
Silver (oz/t) |
Core Length* (m) |
Gold (g/t) |
Silver (g/t) |
Gross Value
($/t)
$1400/oz Au, $35/oz Ag |
| 177** |
21.5 |
0.58 |
2.13 |
6.55 |
19.79 |
73.04 |
$882.35 |
| 57 |
10.5 |
0.97 |
0.94 |
3.20 |
33.26 |
32.23 |
$1,390.90 |
| 35 |
2 |
5.62 |
157.6 |
0.61 |
192.6 |
5,404.10 |
$13,381.20 |
| 23 |
12 |
0.8 |
2.53 |
3.66 |
27.33 |
86.75 |
$1,204.35 |
| 42 |
27 |
0.46 |
0.55 |
8.23 |
15.81 |
18.86 |
$664.65 |
| 46 |
4 |
10.7 |
5.56 |
1.22 |
365.2 |
190.65 |
$15,104.60 |
*Core length does not necessarily represent true thickness. Further work is needed to determine the relationship between core length and true thickness.
** Percussion drill hole
Historic Resource (non 43-101 compliant)
- 224,000 ounces Gold, 1,000,000 ounces silver
- 0.80 oz/t (27.4 g/t) gold
- 3.7 oz/t (127g/t) silver
- Gross metal value/ ton: ($1440/oz gold, $35/Oz Silver)
Note that a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves that is compliant with NI 43-101. The Company is not treating the historical estimate as current mineral resources or mineral reserves and the historical estimate should not be relied upon or understood to indicate the existence of reserves or resources.
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 |
Visible gold in quartz vein in altered andesite
Shumagin Vein DDH11SH010 259m
738 g/t Au over 0.55m |
Apollo-Sitka Trend
- Produced approximately 150,000 ounces of gold between 1891-1922 (average grade of 0.3 oz/t (10.3 g/t))
- Mining on the Apollo trend ended when gold ore transitioned into base metal rich ore near sea level -- turn of the century metallurgy could not recover the gold
- Little modern exploration has been conducted beneath or along strike from the underground workings
Apollo-Sitka Trend Quartz vein with galena-sphalerite Sitka Main Shaft
Redstar samples to 94.7 ppm (2.76 opt) Au and 54 opt Ag
