The Paystreak showing is located in an old trench on the northeast side of Pyramid Lake, 14.3 kilometres northwest of Keefers.
The area is underlain by the lower greenschist facies of the Permian(?) to Lower Cretaceous Bridge River Complex (Group) phyllites and schists, and Upper Jurassic-Lower Cretaceous Relay Mountain Group phyllites, semi-schists and local sedimentary units. Pods of Bridge River serpentinized ultramafics occur in fault and normal contacts with both groups. Late Cretaceous quartz monzonite plugs intrude all rocks.
An intensely sheared, northwest-striking, steeply dipping belt of serpentinite, intermittently exposed over a 500 metre width, is in fault contact to the northeast with micaceous and graphitic phyllites, schists and phyllitic schists, quartzites and minor black quartz, and on the southwest with grey to black phyllite, argillite and conglomerates. Phyllites are locally folded. Weakly chloritized hornblende diorite outcrops close to Pyramid Mountain. Fine-grained diorite dykes are common. Phyllites are locally tightly folded.
Local alteration zones within the serpentinite commonly comprise tremolite and talc with ankerite veinlets. Fault gouge is limonite/hematite stained. Quartz-carbonate-mariposite alteration occurs infrequently. Phyllites are pyritized.
Fine-grained, sparsely disseminated, argentiferous tetrahedrite blebs and fracture coatings occur in quartz veins in sheared phyllite. Chalcopyrite with malachite and azurite staining is visible in boulders in the trench pile (northeast of Pyramid Lake). Quartz veins, up to 3 centimetres wide, are surrounded by pyrite/limonite zones up to 10 centimetres wide.
Vein samples (taken in 1986) assayed up to 3.3 grams per tonne gold and 2.6 grams per tonne silver. A 3-metre chip sample of phyllite host assayed 5.96 grams per tonne gold (Assessment Report 15360).
In 2003, a core drilling program consisting of 31 diamond drill holes totaling 2083.15 metres encountered gold along the mineralized zone for 1500 metres in length and over 185 metres of elevation from the uppermost to lowest exposures. Twenty-five of the drill holes encountered quartz-sulphide mineralization with greater than 1 gram per tonne gold (Assessment Report 27339). The gold values are associated with subhorizontal to gently dipping zones of subparallel quartz veinlets in silicified zones, hosted in green to black phyllites. Finely disseminated arsenopyrite and pyrite occur in silicified phyllite adjacent to the quartz veinlets. Multiple, stacked mineralized zones have been encountered in many of the holes. Gold occurs at intervals from the surface to a depth of 150 metres. On the surface, the elevation difference between outcrops where gold values have been obtained along the zone is approximately 185 metres.
Historically, the claims have been prospected, as evidenced by numerous old trenches and pits. The property may have been the “Paystreak” group of twenty claims, described by H.C. Horwood (1936), as several small quartz veins, mostly barren, containing small amounts of tetrahedrite exposed in open cuts. During work in 1986, former claim posts reported included the Nat (1972) and Sol (1977).
In 1986 a field program of exploration carried out on the Randi claims by Locke B. Goldsmith and included geological mapping, trenching, rock geochemical sampling, magnetometer and VLF-EM surveys and soil sampling.
The property came under the ownership of Locke B. Goldsmith by 1996 and work was reported through the early 2000s to 2004. Geological mapping was completed in the southwestern corner of the property in 1996 to look for a possible source of several above-background gold values from the 1986 survey. In 1998, detailed soil geochemistry with rock chip sampling and geological mapping confirmed and expanded a previously detected portion of the anomaly. Prior to 2000 there had been no drilling on the property. In September 2000, a shallow-hole diamond drilling program totaling 137.20 metres was undertaken to develop a cross-section of the geology and mineralization. During September 2002, in the northwest sector, a soil geochemical anomaly was tested by a diamond drilling program consisting of 146.96 metres in two holes, both drilled from the same location. During July 2003, a road was constructed to gain access for heavy equipment to the drill sites. A total of 2083.15 metres were cored from 31 diamond drill holes along the mineralized zone over a length of approximately 1100 metres (3600 ft). In 2004, Locke B. Goldsmith continued to explore the Randi property with a major drilling campaign (approximately 10 000 metres). The results of this program were never filed for assessment.
In 2007, George Coutlee Jr. acquired the Randi claims via a Bill of Sale through the BC provincial courts after a lien was put on the property by drilling contractors employed for the 2004 drill program. In 2011, he found 136 drill core samples located in the storage facility where the 2004 drillcore was kept and sent the samples for logging and assay. The best available graded width intercept from the 2004 drilling was 3.97 grams per tonne gold, 4.26 grams per tonne silver and greater than 1 per cent arsenic over 2.55 metres (Assessment Report 33899). In 2012, he returned to the property to attempt to locate and identify the 2004 drill collars, verify geology, road and camp conditions and find the historical showings.
