The Wolf 7-8 magnetite occurrence is located on the north side of Redding Creek, approximately 2.5 kilometres south of Mount Bonner.

Regionally, the area is underlain by undivided sedimentary rocks of the Mesoproterozoic Creston Formation and argillite, greywacke, wacke and conglomerate turbidites of the Mesoproterozoic Aldridge Formation, both of the Purcell Supergroup, that have been intruded, contemporaneously, by gabbro-diorite sills and dikes. Porphyritic quartz monzonite/granodiorite stocks intruded the package during the Upper Cretaceous. Structurally the area is cut by the Hall Lake fault, a west-dipping thrust fault with some north strike-slip movement. The area is cored by a zone of phylonitic/mylonitic metamorphism that is likely related to the Hall Lake fault.

On the former Wolf No. 7-8 claims, an area of bedded magnetite mineralization hosted in chloritized limonitic argillite of the Aldridge Formation bounded on both sides by Moyie sills (gabbro) has been identified. The magnetite comprises two units, each at least 2 metres thick. The magnetite units have been traced along a strike of 330 degrees for at least 300 metres and are open at both ends.

Work History

In 1985, Cominco Ltd. conducted a program of prospecting, geological mapping, geochemical (rock and soil) sampling, trenching, 16.4 line-kilometres ground magnetic/electromagnetic surveys and a single diamond drill hole on the area as the Redd claims. The drillhole tested a geophysical anomaly in the Creston Formation, west of the occurrence, and intercepted bands of pyrrhotite and patchy magnetite.

In 1990, Cominco Ltd. conducted a further program of geological mapping and geochemical (rock and soil) sampling on the Redd 6 claim. In 1993, the area was prospected and sampled by Gordon Johnstone as the Wolf claims.

In 1994 and 1995, Otis J. Exploration Corp. conducted programs of geological mapping, soil sampling and a 4.5 line-kilometre ground magnetic and electromagnetic survey on the area as the Red Wolf property. Two samples of the bedded magnetite yielded values of 18.02 and 30.38 per cent iron, respectively (Assessment Report 23675).

In 1996, Sedex Mining Corp. conducted a program of geological mapping and a single diamond drill hole, totalling 155.0 metres, on the Red Wolf property.

In 2009, Kootenay Gold Inc. conducted a program of prospecting and rock sampling on the area as the Red Lobster property. Two samples (SK09-09 and -11) of magnetite hosted in gabbro yielded 20.22 and 20.55 per cent iron with 0.015 and 0.024 per cent vanadium, respectively (Assessment Report 31587).

In 2010, Kootenay Gold Inc. conducted a further program of rock sampling on the Red Lobster property. In 2011, Fjordland Exploration Inc. conducted a program of geochemical (rock and soil) sampling on the area as part of the regionally extensive St. Mary property. Six diamond drill holes, totalling 1548.7 metres, were completed on the Red Lobster area of the property. Also in 2011, Bethpage Capital Corp. conducted an airborne geophysical survey of the Hall Lake area including the occurrence. In 2014 and 2019, minor programs of prospecting and rock sampling were performed on the Red Lobster property by Craig Kennedy.