ORE HILL and SUMMIT GOLD PROPERTIES
The adjoining Ore Hill and Summit properties are located in the Nelson Mining Division in Southern BC at Latitude 49º 07' 30" N and Longitude 117º 08' 32" W in NTS map sheet 82F3E. The properties overlie several polymetallic gold bearing quartz veins that were initially staked in 1901. The veins have been explored with nine adits with over 1,200 metres of underground development. Between 1906 and 1940, a total of 3,335 tonnes of ore were mined and 115,671 grams of gold, 202,307 grams of silver, 93,985 kilograms of lead and 88,639 kilograms of zinc were recovered.
The Ore Hill properties are situated at the south end of the 10 km long Sheep Creek Gold District at an elevation of about 1585 metres. The Sheep Creek Gold District, with historical gold production of almost 800,000 ounces at an average gold grade of 14.4 g/t, is an orogenic gold district similar to the Barkerville Gold Camp.
Veins in the Sheep Creek Gold District are high-grade, steeply dipping, sub-parallel, low-sulfide quartz veins. Individual veins averaged approximately 1 m in width and were mined over strike lengths of up to 550 m and up to 500 m depths. Vein widths tended to increase with depth while gold grades decreased with depth.
The historic Queen Mine adjoins the north border of the Ore Hill properties. The Queen Mine, which was the largest producer in the Sheep Creek camp, is located 500 metres lower at an average elevation of 1,030 metres. The Queen Mine had production of 9,453,383 grams of gold, 3,121,527 grams of silver, 7,769 kilograms of lead and 3,063 kilograms of zinc from 653,165 tonnes of ore.
There are two known styles of mineralization on the Ore Hill property; narrow high-grade gold (plus silver, lead and zinc) bearing veins occur within limestone; and a wider gold-bearing crackle zone, up to 10 m wide, associated with a north-northeast-trending fault zone. A gold soil anomaly, 1,500 m long by up to 150 m wide follows this north-northeast structure.
In 2017 and 2018 mapping and sampling programs carried out on the Ore Hill property by Margaux Resources Ltd demonstrated potential for widespread mineralization. Assay results showed a number of high grade gold samples with associated high silver, lead and zinc values. The high grade samples were collected over a strike length of almost 1 km demonstrating a mineralizing system with potential for significant size and strength.
Ore Hill was a high priority target for a diamond drilling program planned for 2018 but the program could not be completed due to a forest fire in the area. In September Margaux Resources was unable to make a property option payment and the Ore Hill and Summit properties reverted to Apex Resources Inc.