The property is located at 1615 metres elevation on Clyde Creek, a tributary of Sheep Creek, some 11.2 kilometres southeast of Salmo. The Gold Belt (082FSW044) adjoins to the west and the Golden Belle (082FSW043) to the east.

The Clyde occurrence is underlain by quartzite and argillaceous quartzite of the Lower Cambrian Quartzite Range and Reno formations, both correlative with rocks of the Hamill Group. A quartz porphyry sill appears to follow the bedding. In the early 1900's, three adits were driven with underground development totalling more than 400 metres. Refer to Gold Belt (082FSW044) for a summary of the geology of Sheep Creek mining camp.

Gold values occur in a fissure that strikes approximately 075 degrees, with steep south dip, across the lower part of the Reno Formation close to the contact with the Quartzite range Formation to the east. The showing in the upper adit has been described as a quartz vein, 0.6 metre wide, carrying free gold. Oxidation has removed any sulphide mineralization originally present in the fissure.

Work History

The showings were discovered in 1905 and staked as the Belt claim. In 1909 the property comprised 5 claims owned by Messrs. Devlin, Wilson, Mahon and Poole, of Nelson. At that time an adit had been driven 30 metres and a small amount of ore sacked for shipment. The Britannia Mining Company, Limited Liability optioned the property in the spring of 1910 and development work was continued into 1911. Three adits were driven. The upper adit is 49 metres long, driven easterly along the vein with some stoping about 15 metres from the portal. The intermediate level is a northerly. crosscut 38 metres long with drifts totalling 41 metres easterly and westerly on the vein. The lower adit is a northerly crosscut 146 metres in length with a drift to the west for 23 metres. At 85 metres in the crosscut a working was driven northeasterly to the vein and a drift run easterly for 80 metres.

The Belt (Lot 9334) and Clyde (Lot 8873) claims were Crown-granted to Devlin & associates in 1911. The company charter was surrendered the following year.

The claims were under option to Gold Belt Mining Company, Limited in the 1930's but no work was reported.

In 1986 and 1987, Gunsteel Resources Inc. completed a program of underground and surface rehabilitation, drifting, surface and underground diamond drilling, trenching, geochemical sampling and geophysical surveys on the area.

In late 2016, Margaux Resources Ltd. optioned the property and in 2017 examined the area.