The Hit occurrence is located approximately 1.1 kilometres west of Summers Creek, 2.0 kilometres north-northeast of the summit of Missezula Mountain and 26.5 kilometres north of Princeton.

The area along Summers Creek is underlain by the Central and Eastern volcanic facies of the Upper Triassic Nicola Group, comprising mafic, augite and hornblende porphyritic pyroclastics and flows, and associated alkaline intrusions. The deposit is hosted in the Central volcanic facies, a north-trending sequence of plagioclase porphyritic andesitic flows, tuffs and agglomerates that dips approximately 30 degrees east. The volcanics contain a sericitic felsic unit that is believed to be the altered equivalent of a trachybasalt porphyry found farther south.

Locally, a shear zone, striking north to northwest for at least 380 metres, cuts tuff, altered porphyry and pyroxene andesite. The zone dips 60 to 70 degrees east and widens southward from 30 metres at its north end to approximately 100 metres at its south end. The volcanics are extensively fractured, sheared and altered within the zone, especially the tuffs and trachybasalt porphyry. The tuffs are carbonatized and clay altered, and the porphyry is variably sericite and clay altered.

Mineralization is hosted in quartz veins and stockworks occurring throughout the shear zone. Individual veins are less than 1 millimetre to 2 metres wide and are most commonly concordant with shearing. The veins contain scattered grains of sulphides, mostly pyrite, and locally sphalerite, chalcopyrite and galena. Sulphide content is related to vein size and density of fracturing. Malachite is developed in surface exposures. Galena tends to be associated with elevated gold and silver values. The mineralized zone is reported (circa 1990) to be open to the north, south and at depth. Other minor zones of shear related mineralization have been identified approximately 1000 metres to the north-northwest, 100 metres east and 200 metres southwest of the main occurrence.

In 1990, channel sampling of a prominent north-trending quartz vein system in the southern half of the shear zone yielded an average grade of 12.3 grams per tonne gold and 119 grams per tonne silver over a strike length of 109.7 metres and an average width of 1.4 metres, whereas a grab sample (F5863) of heavily mineralized vein material yielded 206 grams per tonne gold, 321.4 grams per tonne silver and 3.86 per cent lead (Assessment Report 21402).

In 1991, two angled drillholes intersected weakly pyritic quartz veins in weakly and erratically mineralized fault gouge and alteration zones, suggesting that the main quartz vein system has been displaced or warped into a steeper plane. Gold values in drillcore ranged up to 0.60 gram per tonne (Assessment Report 22084, page 10). Also at this time, the furthest north trench (91-8) to expose bedrock yielded up to 22.80 grams per tonne gold and 48.6 grams per tonne silver over 2.0 metres, whereas a trench (91-10), located approximately 100 metres east of the main trenched area, exposed a zone of shear-related quartz veining yielding up to 0.210 gram per tonne gold over 2 metres (Assessment Report 22084). Another trench (91-33A), located approximately 1 kilometre south of the main trenched zone, yielded up to 0.139 per cent copper and 0.270 gram per tonne gold over two separate 2 metre sections (Assessment Report 22084).

In 2006, two select samples of quartz vein material yielded an average of 9.35 grams per tonne gold (Assessment Report 28548).

In 2011, a 26-metre section in the southern part of the main exposed vein system was dominated by well-mineralized multi-episodic quartz veins that averaged 5.79 grams per tonne gold and 59.7 grams per tonne silver over an average horizontal width of 1.15 metres (Assessment Report 33024). A cut-off grade of 2.4 grams per tonne gold was used.

A series of irregular limestone-hosted shears occur approximately 170 metres southwest of the south end of the prominent quartz vein system. Small quartz carbonate veins and stockworks associated with the north-striking, steep-dipping shears contain scattered grains of pyrite, galena, chalcopyrite, chalcocite and sphalerite. Malachite and azurite are also present.

In 1991, a rock sample (12520) assayed 0.002 gram per tonne gold, 23.7 grams per tonne silver, 0.0499 per cent copper and 0.791 per cent lead (Assessment Report 22084, Figure 5a).

Work History

During 1981 through 1984, Canadian Nickel Co. Ltd. completed programs of prospecting, geological mapping, geochemical (rock and soil) sampling and ground geophysical surveys on the area as the Hit 1-4 and Miss 1-2 claims.

The occurrence was discovered by Vanco Explorations Ltd. in 1990, following trenching in an area of gold-bearing quartz vein float uncovered by logging operations. The company completed geological, ground geophysical and rock geochemical surveys in addition to 853 metres of trenching in 1990 on the Hit/Miss property. Additional trenches were excavated in 1991 to test the northern and southern extensions of the shear zone. These trenches were largely unsuccessful in reaching bedrock. Vanco Explorations also drilled two holes, totalling 186 metres, and completed a further program of geological mapping and ground geophysical surveys in 1991.

On August 21, 2001, Adam Travis staked six two-post claims over the HIT prospect. In June 2002, Cassidy Gold Corp. concluded an option agreement to acquire the property. Cassidy was unable to raise funds for exploration and the property was returned to Travis in 2003. In 2006, Amaryllis Ventures Ltd. completed a minor geochemical sampling program on the claims.

In 2007, Avanti Mining Inc. contracted Peter E. Walcott & Associates Ltd. to establish a property-wide grid and complete an induced polarization and soil sampling program. Results from the induced polarization survey outlined the presence of three chargeability zones, all of which were open. The soil survey confirmed the location of previously exposed base and precious metal mineralization and also partially outlined a possible north-trending zone along the western claim boundary of the HIT 2 (south) claim (Assessment Report 29781).

In 2011, Colorado Resources Ltd. conducted a trenching program that exposed a 120- by 25-metre portion of the main zone and was channel sampled across its entire width. In total, 736 channel samples were collected. During 2012 through 2015, Colorado Resources Ltd. completed programs of geological mapping, geochemical (rock and soil) sampling and a 6.0 line-kilometre induced polarization survey on the area as the Hit-Aspen Grove property. In 2017 and 2018, Colorado Resources Ltd. completed further programs of rock sampling and a historical induced polarization processing and inversion on the area as the Hit property.