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File Created: 11-May-2021 by Del Ferguson (DF)
Last Edit:  14-May-2021 by Del Ferguson (DF)

Summary Help Help

NMI
Name OLYMPUS Mining Division Omineca
BCGS Map 103I080
Status Showing NTS Map 103I16E
Latitude 054º 47' 29'' UTM 09 (NAD 83)
Longitude 128º 04' 29'' Northing 6071955
Easting 559489
Commodities Gold, Silver, Copper, Lead, Zinc Deposit Types I05 : Polymetallic veins Ag-Pb-Zn+/-Au
Tectonic Belt Intermontane Terrane Stikine
Capsule Geology

The Olympus showing is located on northeast-facing upper mountain sides east of Mount Sir Robert and north of Legate Peak, and 12 kilometres east of Yellowhead Highway 16 and the Skeena River, 46 kilometres northeast of Terrace, B.C.

Regionally, the Empire Property is situated in the Stikinia orogenic accreted terrane, a volcanic arc assemblage of volcanic and sedimentary rocks. The property itself overlays a sequence of bimodal volcanics and volcaniclastic sediments of the Lower to Middle Jurassic Hazelton Group. The orogenic class of gold deposit is defined here as syn-tectonic quartz-carbonate veins and wall rock replacement associated with regional-scale faults. Orogenic ores form at convergent plate margins in accretionary and collisional orogens.

The Olympus showing is in the northern region of the Inca Trend of mineralization on the Empire property, where widespread areas of massive and semi-massive sulphides and sulfosalts occur in abundant, near-vertical and flat-laying quartz-carbonate veins, sheeted veins, breccias and stockworks. Massive sulphide and sulfosalts to semi massive globular disseminations occur in quartz-carbonate veins focused along contacts, filling any point of dilation in the extensively faulted and fractured areas. Yellow-brown ankeritic alteration halos form in carbonatized wall rock with lesser pyrite-sericite-quartz around mineralized sites. A larger, more extensive hydrothermal phreatic breccia greater than 25 metres wide was observed in a cliff face near the Olympus showing.

The Olympus showing was discovered during J2 Syndicate Holdings Ltd's 2016 exploration program on their Empire property, during which time a SkyTEM airborne electromagnetic survey was flown, followed by an initial rock sampling program (139 samples). Rock grab samples ranged from below detection limit to 16.4 grams per tonne gold, 36,875 grams per tonne silver, 27.6 per cent copper, 33.9 per cent lead and 29.98 per cent zinc. Two Trends were discovered during the 2016 field season: Inca and Babylon. The north-south striking Inca Trend (1.6 by 1.2 kilometres) includes three zones: Metallica, Metalworks and Olympus. Approximately 3 kilometres southeast of Inca, the 1.6 by 1 kilometre Babylon Trend is subdivided into three areas (Babylon North, Babylon South and Babylon West).

Exploration on the Empire property continued in 2017 with Juggernaut Exploration Ltd. as operator. Field mapping and sampling (379 channel, 488 chip/grab, 1 talus fine and 22 silt). Much of this work led to the expansion of the Inca Trend mineralization. Channel sampling at Olympus showed relatively low values of polymetallic mineralization. A new showing (Inca-NW) was discovered approximately 1800 metres upslope to the northwest of Olympus (Assessment Report 37539).

Property wide LiDAR and airborne geophysical surveys, ground IP surveys, geological mapping, alteration studies, channel sampling (61), chip/grab rock sampling (544) and prospecting was conducted over the Empire in 2018, while 3209 metres of drilling focused on mineralized zones in the expanded areas of the Inca Trend (Assessment Report 38018).

In 2019 a comprehensive report was completed on the Empire property and a small drill program focused on the southern end of the Inca Trend (Rockstar showing) (Assessment Report 38978).

Bibliography
EMPR AR 1967-83
EMPR ASS RPT 24544, 30900, 31853, 32596, 34330, *36894, *37539, *38018, *38978
EMPR PAPER 2017-1
EMPR MAP 8; 69-1
GSC MAP 11-1956; 278A; 1136A; 1385A
GSC MEM 212, p. 23 (under Frisco Group); 329
CJES VOL 49, Number 9, Sept 2012
PR REL Juggernaut Exploration Ltd. Jan 14, Sep 30, 2019; Dec 15, 2020

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