Cursed Mine? Just in time for Halloween.
Lets get right to the video about the Haunted/Cursed mine.
Kinross gold owns 11% on BCG.V shares. I decided if its good enought for a major its good enough for my portfolio aswell. ( There is a Priviate Placement going on right now, rumor is it should be closed by next week. So if your interested in it probuly best to get them AFTER the news of the PP close. The last one closed in a month aswell and was oversuscribed.. )
One of the old mines there drilling at this year is supposable Cursed. Figure I would share this with everyone after doing lots of DD. Besides it being haunted there are historically high grade gold found in the mine. Heres a report.
"Engineer Mine Property, B.C.
BCGold Corp., Vancouver, Canada
LOCATION: BCGold Corp.’s Engineer Property is situated along the east shore
of Tagish Lake, approximately 32 km due east of Atlin, B.C. and 150 km
southeast of Whitehorse, Yukon.
STORY: Gold was discovered on the Engineer Mine Property in 1899.
Approximately 18,000 recorded ounces of gold and 9,000 ounces of silver, at
realized grades of 39.38 g/t Au (1.15 oz/ton) and 19.52 g/t Ag (0.57 oz/ton),
respectively, was produced, primarily in the mid to late 1920’s. Underground
workings consist of 5,500 m of development on 8 levels, the bottom 3 of which
have been flooded since the early 1930’s.
In 2008, BCGold Corp. completed a 7 hole, 1,846 m diamond drill program
targeting bulk-tonnage gold mineralization (2-5 g/t Au) in Shear Zone “A”. Drilling
has partially defined a broad, 50 m-wide hydrothermal breccia system over
400 m that averages 0.5 g/t Au and remains open in all directions.
A potential mineral resource of 100,000 t - 150,000 t, averaging 8-12 g/t Au and
containing 30,000 oz Au - 60,000 oz Au has been calculated. This estimate is
Non NI 43-101 compliant and is based on chip samples and historic production
records and maps.
GEOLOGY: The Engineer Property is underlain by Lower Jurassic argillites and
greywackes and bisected by a major northwest-trending dextral shear zone,
Shear Zone “A”. Several phases of cross-cutting dykes of monzodiorite
composition are inferred to be genetically related to the Eocene Sloko volcanic
centre on Engineer Mountain. A younger re-activation of Shear Zone “A”
coincides with the emplacement of quartz-carbonate-sericite-clay± gold
hydrothermal breccia, as well as quartz carbonate-sericite± gold veins across the
property. Late north-northwest trending high-angle faults locally displace all units
DEPOSITS: High-grade, bonanza-style, low-sulphidation epithermal quartzcarbonate
+/- roscoelite +/-Au +/-Ag veins, the historic gold target, occur adjacent
to a semi brittle and brittle shear zone splay of the crustal-scale Llewellyn fault.
A 50 m-wide hydrothermal breccia zone with anomalous gold has been partially
defined along the Shear Zone. This target remains open and offers excellent
potential for a low-grade gold bulk-tonnage deposit. There is also excellent
potential for additional bonanza-grade vein mineralization, both at depth and
within the current workings.
DISPLAY: One core box displaying Shear Zone “A” hydrothermal breccia
mineralization and select high grade gold and silver samples from the Engineer
Vein. Cross-sections, maps and a 3D VULCANTM model video to illustrate the
geological setting and exploration targets will also be displayed."