Athelstan-Jackpot Mines – Gold
- Total production for the property to 1930 is reported as 33,300 tonnes averaging 5.4 g/t Au and 6.3 g/t Ag (McNaughton, 1945).
- In the 1930’s further production of 1,865 tonnes averaging 19.9 g/t Au, 24.7 g/t Ag and 12.47% As is reported for the years 1934 and 1936-40.
- By 1942, the total underground development on the property is said to have included 91 metres of shaft sinking and 570 metres of tunnelling.
The Athelstan claim group is located in the prolific Greenwood mining camp of southern British Columbia. This area has a rich history of mining and is considered to be one of the most concentrated mineralized areas of the province.
The Claims are situated 1 km south-east of the historic Phoenix Open Pit Mine which produced over 1 million ounces of Gold and 500 million pounds of Copper up to 1978 (historical results). The Athelstan Claim Block are immediately adjacent to the portal of the Golden Crown Mine which contains a NI 43-101 compliant indicated resource of 163,000 tonnes containing 62,500 of gold equivalent ounces and an inferred resource of 42,000 tonnes containing 13,100 of gold equivalent ounces (source: GOM website).
A total of 2,488 tonnes grading 15.4 g/t Au and 1.5% Cu were reportedly mined from the Golden Crown Vein during the early part of the 1900’s, although the extent of workings and dumps suggest more (BC Minfile). Production came from a steep south dipping vein averaging 1.5 m in thickness, via three stopes on the 100-foot level within 55 m of the shaft.
The property is situated at the intersection of two major, regional fault zones. The Lind Creek fault is an east-west trending, moderate north dipping, Jurassic thrust fault and has a close spatial relationship with much of the gold mineralization in Greenwood area.
A 2003 trenching and rock sampling program was managed by R. Walters of Spokane, Washington. Linda Caron, M.Sc., P. Eng of Grand Forks completed trench layout, geological mapping and reporting. The results were reported in a December 2003 Assessment report on the Athelstan-Jackpot Property authored by Linda Caron.
In the 2003 program seven trenches were dug on 2 different targets (J-34 and B-1 Zones), for a total of 275 lineal metres of excavation.
- A total of 123 rock samples were collected from the 2003 trenches and from old workings
- An impressive zone of sulfide mineralization occurs in Trench J34-5, that returned 6.6 g/t Au, 12 g/t Ag and 6% As over a true thickness of 3.7 metres in one section sampled (samples 7585-7593).
- A second section sampled, a few metres to the west, returned 9.2 g/t Au, 18 g/t Ag and 6.6% As over a 2.5 metre true thickness (samples 7580-7584).
- The best result returned from a mineralized shear was from sample 7642, at the base of an inclined stope sampled returned 21.8 g/t Au, <5 g/t Ag and 16.7 % As across a 0.8 metre true width.
- Another sample obtained from this zone returned 8.0 g/t Au, 190 g/t Ag and 8.2% As over a true thickness of 1.3 metres (sample 7548).
- One sample, from the base of an old shaft, returned 28.4 g/t Au, 166 g/t Ag and 13% As across 0.3 metres (sample 7555).
A detailed property scale geological mapping program was completed in 2004 again by Linda Caron, M.Sc., P. Eng. and detailed in an August 2004 Assessment Report authored by the same.
The mandate of the program was to better understand the nature of mineralization, to understand the relationship between different zones of known mineralization, and to evaluate the potential for discovery of additional mineralization on the property.
- One of the distinct styles of mineralization observed on the property consists of low sulfidation epithermal quartz veinlets and silicification
- One recommendation of the 2004 report was for drilling to test for low-grade bulk tonnage gold mineralization
Belmont plans to review all previous exploration data from the Athelstan-Jackpot property and propose an exploration budget and program for 2020.