Two contiguous MTO claims totalling 13 cells are available on the past-producer Coulter Creek in the historic Barkerville Gold Belt, at Island Mountain near Wells, BC. Minfile occurrence # 093H 109. Seismic work (AR 15046) has delineated a buried channel above the present creek, and both areas have produced appreciable amounts of gold. The area has had past placer leases and a pit has been excavated for production purposes between the lower two claims. The centre claim area has had the seismic work. An estimate of $14.00 per yard was made in 1986 based on a small volume sample and using $400 Canadian /oz. This works out to just over a gram gold per yard. The estimate was based on processing the deeper thicknesses of overburden in addition to the high-grade channel gravels. Neither sufficient placer drilling was performed to determine a resource, nor the buried channel investigated further at that time. Some 1,100 oz. are reported to have been produced from Coulter Creek, mostly from the most easily reachable bedrock in the lower main creek. The buried channel is estimated to continue upstream for approximately 600 metres.
Samples collected within the high grade channel area exposed in the pit in 1964 showed values of $60 - $80 in gold (converted from $35 /oz to $400 / oz) per yard over a 2.5m vertical thickness. The overlying till was considered to contain $4.33 in gold per yard (at $400 / oz) at this time. Rough calculations based on the earlier work provide for an approximate value of 5-7 grams per yard gold in the high grade channel, 0.4 to 1 gram per yard gold in the overburden, and possibly just over 1 gram per yard as a total dilution value of the overburden mixed with the channel gravels. Overburden thickness ranges from 2 to 30 metres.
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