The Waterloo N showing is located on the Jou claim, immediately northeast of the Watterloo Crown-granted claim (Lot 79, 104A 033), about 1000 metres west of American Creek and 550 metres north of Lydden Creek, 19 kilometres north of Stewart.

The area is underlain by north striking, west dipping andesitic tuffs and agglomerates of the Lower Jurassic Unuk River Formation (Hazelton Group).

Mineralization occurs in a conformable zone of quartz-sericite alteration intercalated in tuff beds. A small gossanous outcrop contains several shear zones, 0.2 to 0.6 metre wide, that mostly strike 300 degrees and dip 85 degrees west. The shears are heavily oxidized and contain minor pyrite. A chip sample was taken across a narrow shear zone, striking 040 degrees and dipping 75 degrees northwest, and containing minor quartz veins with a little disseminated pyrite. The sample assayed 6.9 grams per tonne gold over a width of 0.20 metre and was not anomalous in any other metals (Assessment Report 17465).

Work History

See the Montrose (MINFILE 104A 033) occurrence for a completed work history on the area.

In 1987, the showing was discovered during a comprehensive geological evaluation of the Red Cliff (104A 037) claim group and the Jou and Tel claims by Joutel Resources Ltd.