Kelly Creek Project

The Property

The Kelly Creek Project consists of a 426 km², 50 km long land package located on the Seward Peninsula, Alaska. The property is located 145 km north of Nome, a mining district that was host to the 1899 gold rush. Kelly Creek is a gold exploration project with multi-kilometre-scale gold-in-soil anomalies on 100% state land. Located in a non-glaciated area with minimal overburden, the property has excellent infrastructure accessible via air, land and water.

Geologic Summary

High-angle faults transect the region
At the Kelly Creek prospect, regional high-angle faults reactivated shallow to moderately-dipping reverse faults
Gold mineralization is preferentially hosted in partly calcareous and carbonaceous schist
Although metamorphosed, host rocks are compositionally comparable to Carlin-type deposits in Nevada, similarly reactive to hydrothermal fluids

Gold mineralization at Kelly Creek is hosted in a metamorphosed Devonian-Silurian carbonate-shale platform-shelf sequence and is associated with the intersection of specific stratigraphic horizons and secondary fault splays. This prospective stratigraphy is exposed along a 15 km x 5 km corridor bounded by regional faults. The majority of the corridor is only sparsely investigated by geochemical surveys and the additional claims were staked to protect the strike extent of the prospective stratigraphy.

The gold mineralization at Kelly Creek was discovered by Anaconda Copper Mining Co. (Anaconda) as part of a regional stream sampling project focused on tin exploration in the early 1980's, when the significance of sediment-hosted gold deposits was not well known. Following up a positive gold stream anomaly with a small, but encouraging soil survey, Anaconda drilled two holes into the target horizon returning results of 1.07g/t over 23.5m and 0.83g/t over 32m respectively. Anaconda pulled out of Alaska for corporate reasons a year later in 1985.

The Kelly Creek property is drill-permitted. Infrastructure in the region is favorable and a winter road runs through the property's eastern boundary.

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