The Alaska-Premier workings are located south of Daly creek, 13 kilometres north of Hyder, Alaska.
Located in the Intermontane Belt, the area, bounded on the west by the Coast Crystalline Complex and on the east by the Bowser Basin, is part of the volcanic arc assemblage of the Stikinia Terrane.
The showing is hosted by the Upper Triassic to Lower Jurassic Hazelton Group, Unuk River Formation metavolcanics. The Hazelton Group is a northwest trending steeply east dipping belt of folded andesitic lapilli tuffs, flows, and breccia containing a thick sequence of argillite and siltstone infolded along a synclinal axis. The sequence is intruded by the Early Jurassic Texas Creek plutonic suite of dacitic porphyry dykes and sills, Eocene granitic intrusives and lamprophyre dykes.
An adit driven on a 12.2 metre thick porphyry dyke exposed quartz veinlets, up to 5 centimetres wide, mineralized with pyrite, sphal- erite, galena, pyrrhotite and considerable gold. The dyke strikes 120 degrees and dips 50 degrees east. Above the tunnel on the old Ready Money claim, a pit exposes a rich pocket of mineralization. The host rock is fractured and silici- fied and contains quartz veins mineralized with blebs of pyrite, sphalerite, galena, pyrrhotite and chalcopyrite. Selected specimens are reported to have contained up to 1199.8 grams per tonne gold (USGS Bulletin 807).
Similar mineralization, with the addition of tetrahedrite, is exposed in a shear zone at 370 metres elevation.
Surface mineralization consists of pockets or lenses of semi- massive pyrite and arsenopyrite, fine grained pyrrhotite, sphalerite, and galena with chalcopyrite rimming the other sulphides. Quartz- carbonate veining and chlorite alteration is associated with mineral- ization.
The best assay obtained from exploration in 1979 was from a grab sample of the lower adit muckpile. This sample assayed 459 grams per tonne silver and 14 per cent lead and zinc (Houston Oil and Minerals Corp., 1979).
Scheelite occurs as rare grains in the veins on the property.