The OLYMPIC prospect lies on the south shore of Carpenter Lake, west of Howe (Marquis) Creek, approximately 8 kilometres northeast of Gold Bridge, B.C.
The prospect is comprised of the Leckie, Magee and Margarita polymetallic veins exposed in trenches on the south shore of the lake and in a trench on the road. Several quartz veins, from a few centimetres to 4 metres thick, are hosted in foliated cherty greenstone of the Mississippian to Jurassic Bridge River Complex (Group), and peridotite-serpentinite-listwanite of the Permian and older Shulaps Ultramafic Complex.
The Leckie vein is in a southeast striking, west dipping shear in serpentine and/or gabbro near the contact with a felsite dike. Irregular lenses of quartz-carbonate "listwanites" form several ore shoots up to 4 metres in width and consist of arsenopyrite, sphalerite pyrite, chalcopyrite, galena, tetrahedrite and mariposite and talc alteration products. Drill hole assays grade 35.6 grams gold per tonne, 404.6 grams silver per tonne across 1.5 metres.
The Magee showing (46 metres above the Leckie vein) is a strong 15 to 45 centimetre quartz vein in a 1 to 1.5-metre felsite dike. Sphalerite, magnetite, pyrite, chalcopyrite and galena occupy up to 75 per cent of the vein. A sample taken across 40 centimetres graded 5.3 grams gold, 127.9 grams silver and 0.15 per cent copper, 0.67 per cent lead, 0.89 per cent zinc and 8.53 per cent arsenic (George Cross News Letter No.6, 1986).
The Margarita Zone, 50 metres west of the Leckie and Magee Zones, contains abundant arsenopyrite, pyrite and minor stibnite, accompanied by gypsum. The extension of the main 1-metre thick vein is exposed at the road and consists of quartz and calcite with arsenopyrite, pyrite, sphalerite and minor galena. The main vein appears banded, parallel to vein margins, with respect to the distribution of gangue and metallic minerals. A 2003 drill hole DDH-04-OK-03 intersected an unknown zone paralleling the Margarita Zone, 25 metres to the southwest. This intersection (2.8 metres/ 1.95 metres true width) assayed 4.32 grams per tonne gold.
The Alma zone, approximately 300 metres west of the Olympic workings, consist of one adit and pits. It is a quartz-carbonate altered zone hosted in andesite and contains pyrrhotite, chalcopyrite and sphalerite. Gold values grade from 0.28 to 0.36 grams per tonne.
The Kelvin and Olympic areas saw initial development in the mid 1930s and again in the mid 1940s with underground drifting plus some drilling on the Kelvin prospect. In 1980, Noranda Mines Ltd. undertook geological mapping, soil geochemical sampling and magnetometer surveying in the area. In 1983, Lacana Mining Corp. conducted initial geochemical soil sampling in the Olympic area, prior to drilling 5 holes in the Leckie-Maggie adit area. Big I Developments Ltd. conducted programs of geological mapping, grid soil geochemical sampling in the area in 1985, as well as extending southward with prospecting up Girl Creek (south of the Kelvin prospect) and up Howe (Marquis) Creek south of the Olympic prospect.
Avino Mines and Resources Ltd. acquired the Minto property to the north of Carpenter Lake and the Olympic property south of the lake in 1987, and conducted programs of soil sampling, airborne VLF-EM and magnetometer survey, trenching and diamond drilling through to 2005. This included 8 trenches in the Olympic prospect area and 5 NQ drill holes at the Kelvin prospect. (Assessment Reports 16964, 17790, 18433, 27443, 28340).
In 2022 and 2023, Endurance Gold Corp. conducted prospecting and geochemical orientation and sampling surveys on their Olympic property and on the Sanchez property to the east, as part of their Reliance Gold project. These surveys established parallel northwest trending targets across the Kelvin, Minto-Olympic and Enigma-Dauntless areas (Assessment Report 41676).
