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File Created: 24-Jul-1985 by BC Geological Survey (BCGS)
Last Edit:  31-Jan-2006 by George Owsiacki (GO)

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NMI
Name BANNER (L.3085), IOLA (L.3084) Mining Division Revelstoke
BCGS Map 082K083
Status Showing NTS Map 082K13E
Latitude 050º 49' 28'' UTM 11 (NAD 83)
Longitude 117º 34' 34'' Northing 5630461
Easting 459422
Commodities Silver, Lead, Zinc Deposit Types I05 : Polymetallic veins Ag-Pb-Zn+/-Au
Tectonic Belt Omineca Terrane Kootenay
Capsule Geology

The Lexington Mountain region is underlain by a series of metamorphosed Cambrian to Devonian sedimentary and volcanic rocks of the Lardeau Group which overlies the Lower Cambrian Badshot Formation in the east. The predominant structural features in the area are northwest trending and plunging overturned folds and regional semiconcordant to concordant faults. The strata within these structures are steeply east dipping with a variable plunge to the northwest.

Three distinct northwest striking limestone-chlorite schist contact zones spaced at roughly 1 kilometre intervals cross the property. The Index Formation (Lardeau Group) hosts similar mineralization within these zones and may represent either folded repetitions of the same contact or stratigraphic repetitions of similar depositional environments. The mineralization occurs as both disseminated and massive zones of galena, pyrite and sphalerite associated with dolomitized limestone and silicification invariably developed with siderite-rich zones containing hematite and magnetite localized along the limestone-chlorite schist contacts.

The Banner Gold Mining Company drove a 32-metre adit on the Banner claim (Lot 3805) in 1900 with the object of cutting the vein at depth. No other information is available but it is inferred to have the same type of mineralization as the Kitsap, 082KNW148 and Alma, 082KNW124 along strike and to the southeast 1.5 and 3 kilometres, respectively. Mineralization consists of intermittent lenses of galena-sphalerite in crosscutting fractures and quartz-carbonate veins within siderite or ankerite alteration zones. Alteration consists of sericitization of phyllite, ankerite-siderite alteration of dolomite and dolomite alteration of limestone.

This area was originally explored in the late 1800s and early 1900s when prospectors discovered widespread precious and base metal mineralization. During 1985-86, Consolidated Trout Lake Mines Ltd. and Jazzman Resources Inc. acquired interests in two separately owned but interlocking claim groups (termed the Lexington Creek and Lime Dyke Claim Groups). In 1985, prospecting and reconnaissance geologic mapping was carried out on behalf of Lardeau Development Corp. and Triple M Mining Corporation. In 1987 and 1989, Consolidated Trout Lake Mines Ltd. established a grid and conducted soil sampling, ground magnetometer and VLF-EM surveys, geological mapping and rock sampling and an airborne geophysical survey.

Bibliography
EMPR AR *1900-814; 1903-H241; 1925-A450
EMPR ASS RPT 15224, 15372, 17978, 19288
GSC MEM 161
GSC OF 288; 432; 464; 481

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