The Margurete Gold Project covers 678ha of mineral claims, located in the Phillips Arm area, approximately 1200 kilometers northwest of Vancouver in southwest British Columbia, in the Vancouver Mining Division. The project was last explored in 2015 with property-wide prospecting, mapping and rock chip sampling run in parallel with a targeted pack-sack diamond drilling program.
Margurete Gold Project
Project Overview: Margurete Gold Project
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|HOLE No.||INTERVAL (m)||GOLD gm/mt||REPORTED LENGTH (m)|
The Doratha Morton and Alexandria mines, both located in the central part of the Phillips Arm gold camp, were the two largest gold producers in that camp. Production from the Doratha Morton mine from 1898 to 1899 was reported by be 4,434 ounces of gold and 10,222 ounces of silver from 9,707 tons of ore. The Alexandria mine produced about 773 ounces of gold and 1,340 ounces of silver from 1,915 tons of ore from 1898 until 1940. Gold prospects in the project area are alkalic intrusion-associated gold- and silver-bearing veins. They contain pyrite and a white-grey telluride, probably sylvanite, in quartz and occupy shear-induced dilatent zones in a panel of volcanic and intermediate intrusive rocks. Rocks variably enriched in molybdenum are exposed adjacent to the southwest margin of the shear zone hosting the Alexandria and Doratha Morton gold occurrences. (*Source – J. Ostler P.Geo, 2003)
The Margurete Property lies within a belt of a Mesozoic age mafic volcanic belt lying with a lithological package dominated by thin greywacke beds. Subordinate carbonate and carbonaceous sediments were subsequently deposited close to the volcanic rocks. The volcanic lithologies, by virtue of their higher densities than the surrounding sedimentary rocks, formed a keel during deformational periods post emplacement. This “keel” has been preserved within masses of granitic intrusions that preferentially ascended through and partially melted the surrounding sedimentary sequence. It is interpreted that during this deformational period, the gold was mobilized by fluids emanating from these intrusive bodies.
Post-cooling and partial un-roofing of the granitic intrusions during the early Tertiary Period, right-lateral shearing developed along the volcanic keel forming the Doratha Morton gold trend, within a preferential concentrations upon quartz bodies containing pyrite and sylvanite that formed in en echelon dilatant structures along the gold trend. Pyritic diorite stocks and molybdenum-bearing breccias were emplaced in the Picton-Margurete molybdenum belt at approximately the same time. Subsequent Late Tertiary-age normal faulting and mafic dyke intrusions disrupted mineralized structures in the property area.
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