The Pictou zone of the Silbak Premier mine is located between Fletcher and Wilson Creeks 22.0 kilometres north of Stewart, British Columbia. The zone is offset to the east, just south of the main deposit across an east-west fault. For a more extensive geological description and bibliography refer to the Silbak Premier Mine (104B 054).

The property is located in the Intermontane Belt, bounded on the west by the Coast Crystalline Complex and on the east by the Bowser Basin, in the volcanic arc assemblage of the Stikinia Terrane.

The deposit is hosted by Upper Triassic to Lower Jurassic andesite flows, breccia and lapilli tuff, correlated with the Hazelton Group, Unuk River Formation. The Hazelton Group is a northwest trending belt of folded metavolcanic rocks containing a thick sequence of argillites and siltstones infolded along a synclinal axis.

The andesite, at least 750 metres thick, is intruded by Early Jurassic Texas Creek plutonic suite dacitic porphyry dykes and is un- conformably overlain by volcaniclastic and epiclastic rocks. The potassium feldspar porphyry (historically known as "Premier Porphyry") is spatially associated with the ore; this relationship is thought to indicate a Lower Jurassic age for mineralization. The ore is predominantly discordant but locally concordant with the moderately northwest-dipping andesite flows, breccias and dacite flows.

Hydrothermal alteration zones related to the mineralizing system are represented by a proximal silicification/quartz stockwork and potassium feldspar and/or sericite facies potassic alteration. Peripheral to mineralization is a propylitic alteration assemblage of carbonate, chlorite and pyrite.

Mineralization is associated with the steeply northwest dipping, "Northeast" or "Main" zone where there are at least four styles of mineralization with textures ranging from stockwork and siliceous breccia to locally layered and massive sulphide-rich mineralization. Pictou mineralization consists of narrow discrete quartz veins rich in base metals. The Pictou vein averages 6 metres in width.

Ore minerals include pyrite, galena, sphalerite, argentite, chalcopyrite and arsenopyrite. Gangue minerals are quartz, potassium feldspar, chlorite, carbonate and others.

In 1980 a resampling program resulted in an assay of 3.771 grams per tonne gold, 142.262 grams per tonne silver, 0.08 per cent copper, 6.10 per cent lead and 12.10 per cent zinc from a trench above the Pictou tunnel (Phendler, R.W., 1980).

In 1986 a drill core sample of the Pictou vein over 5.7 metres assayed 0.27 grams per tonne gold and 173.11 grams per tonne silver (Assessment Report 15762, Fig. 3). Production from this zone is included with the Silbak Premier mine production figures.