FISHPOT PROPPERTY

LOCATION AND PROPERTY DESCRIPTION

The Fishpot Gold Project is located in central British Columbia, Canada, approximately 140 km west of the town of Quesnel and within the Cariboo Mining Division. Access from Quesnel is by paved road and all-weather gravel logging roads. The property consists of three mineral claims covering approximately 759 hectares.

GEOLOGICAL AND MINERALIZATION

The property is situated within the Stikine Terrane hosted by rocks of the Naglico Formation, part of the middle Jurassic Hazelton Group, comprising basaltic to andesitic flows, volcaniclastics and sedimentary rocks. These rocks are exposed in a “window” of younger Miocene basaltic flows that overlie much of central British Columbia and have hindered exploration in this area of BC. On the property, a dioritic stock and dykes as well as an irregular felsite (rhyolite) dyke are also present, intruding the volcanic and volcano-sedimentary rocks.

The area was originally investigated due to a large, pervasive , north to north-east trending argillic alteration zone. This alteration has been mapped over some 2,000 metres of strike length and up to 700 metres wide. The alteration is marked by extensive faulting and shearing as well as limonitic veining and staining. Strong silicification is also noted locally.

The nearest major mineral deposit is Artemis Gold’s Blackwater Gold deposit, located some 68 kilometres west-northwest. Proven and probable reserves at Blackwater stand at 334.1 Mt at 0.78 g/t Au equivalent (https://www.artemisgoldinc.com/blackwater-project/blackwater-gold-project/reserves-and-resources/, accessed January 24, 2024). Blackwater is described as an intermediate sulphidation epithermal deposit. The Clisbako gold-silver prospect, located some 30 km southwest of the Fishpot property, is classified as a low-sulphidation epithermal deposit with similar characteristics to the Fishpot property.

EXPLORATION RESULTS

The property has been subject to periods of exploration, including regional geophysical and geochemical surveys, as well as prospecting, property-scale geochemical and geophysical surveys, and diamond drilling. Much of the detailed ground exploration was conducted from 1988 to 1995 with some additional prospecting in the early 2010’s. In 2017, Geoscience BC completed and released the results of the TREK project consisting of regional geophysical survey, regional geological mapping and reanalysis of the regional government-sponsored stream sediment sampling.

Soil geochemistry carried out in 1990 defined a north-northeast trending coincident multielement anomaly around the Fishpot North showing. Gold-in-soil geochemical results are quite subdued, but this anomaly is coincident in typical gold pathfinder elements like silver, arsenic, antimony, mercury, barium and bismuth. Regional airborne magnetics shows the main geochemical anomaly located in a moderate magnetic low indicative of magnetite destruction, consistent with strong silica and argillic alteration.

The felsite dyke and surrounding lithologies was drilled in 1995 by Phelps Dodge Corporation. Both drill holes intersected several narrow gold grades with a best intersection of 0.61 g/t Au over 2 metres. The weak gold mineralization is associated with biotite hornfels alteration. Surface rock sampling at the Fishpot North Showing has returned gold grades of up to 4.36 g/t Au. East of the showing another rock sample returned 0.85 g/t Au and 3.15% Cu. Additional surface sampling has identified multiple anomalous gold bearing samples (>0.1 g/t Au).

To the south, very strong silicification is present with textures typical of upper-level boiling zones of a hydrothermal system and could represent a sinter or steam-heated cap. High-sulphidation epithermal gold deposits are known to underlie these caps which typically exhibit very low concentrations of gold and silver. Brecciation of the host lithologies is also present in this area.

Between 2020 and 2023, Golden Tiger has carried out data compilation, remote sensing interpretation and several field visits. Mineral alteration analysis examined several known deposits for patterns to compare with the Property.

EXPLORATION POTENTIAL

The Fishpot Gold Project represents an intriguing greenfield gold target. While gold results from historical soil sampling and drilling have been subdued, geochemical pathfinder elements in soils demonstrate the potential for a buried epithermal precious metal system. As little outcrop is present and abundant glacial till is located throughout this area of the province, this may be masking the geochemical response. Despite this, gold results of up to 4.36 g/t Au have been obtained from surface rock samples of quartz vein material, along with copper grades of over 3%. Historical drilling is limited in scope and may not have tested deep enough into the system. Drilling does show increasing gold grades with depth and association with hornfels alteration of the host lithologies.

The deposit style is still poorly understood. The Fishpot North Zone appears to have a younger epithermal type of mineralization (intermediate sulphidation?) superimposed on an older mesothermal or distal porphyry type of alteration and/or mineralization. Although gold and silver values are low, the alteration zones are quite large and silicification is locally intense. The Fishpot South Zone has many characteristics of sediment hosted epithermal precious metal deposits.

Photo 1: Fishpot North showing (left) scattered float and subcrop of mixed felsite dyke material with quartz veining, (right) closeup of vein subcrop within felsite.

Photo 2: Fishpot South Showing. (left) alteration zone exposure, (right) silica ribs