The Gracey 2SE showing area is underlain by sediments and volcanics of the Upper Triassic Stuhini Group which are intruded to the west by Early Tertiary quartz monzonitic rock of the Saddle Lake Pluton.
Prospecting in 1989 by Kengate Resources found the southeast area of the Gracey 2 claim area to be underlain by gneissic metasediments (quartzite, siltstone) with numerous quartz and quartz-carbonate veinlets up to 10 centimetres wide. Iron staining associated with weak sulphide (pyrite) mineralization occurs within the metasediments. A number of grab samples from the narrow quartz or quartz-carbonate veinlets yielded anomalous precious and base metals values, the mineralization associated directly with the veining.
Grab samples yielded values of up to 0.15 gram per tonne gold, 45 grams per tonne silver 0.28 per cent lead, 0.38 per cent molybdenum and 0.13 per cent copper (Assessment Report 19625).
Work History
In the 1960s Newmont Exploration conducted a regional exploration program and first noted biotite schists and mylonite containing pyritic stringers with chalcopyrite at the nearby Gracey Creek showing (MINFILE 104B 221). The geology map, which resulted from Newmont's 1960s exploration, is now part of the Property File of the BC Ministry of Energy, Mines and Petroleum Resources.
In 1988, Kengate Resources Ltd conducted a limited reconnaissance prospecting and geochemical sampling program east of Gracey Creek, near the northwest corner of the Gracey claim (Assessment Report 18367). This program included the collection of 6 rock samples, 15 soil samples, and 7 heavy mineral sediment samples. The results of this work show that the program was successful in locating three new copper-lead-zinc-silver-gold showings,
The 1989 exploration program by Kengate consisted of helicopter-supported reconnaissance prospecting, geological mapping, and geochemical sampling (Assessment Report 19625). A total of 35 rock and 7 heavy mineral samples were collected.
In 2006 and 2007, Hathor Exploration Ltd. completed a 7228.7 line-kilometre airborne geophysical survey on the area as the Gracey claims of the Iskut project. In 2008, Max Minerals Ltd. examined the property.
