The Silver Streak occurrence is located 24 kilometres south-southwest of Houston and can be accessed by traveling 30 kilometres southward from Houston on the Morice Lake road and then travelling eastward 5 kilometres on the Carrier Forest Service Road. The prospect is on the north side of the road.
Cretaceous Kasalka Group andesitic to rhyolitic volcanic rocks, Lower Jurassic Hazelton Group calc-alkaline volcanic rocks and Lower Cretaceous Skeena Group (Kitsuns Creek Formation) coarse clastic sedimentary rocks underlie the showing area. Disseminated pyrite, possible tetrahedrite, galena, sphalerite and trace chalcopyrite occur in a porous lapilli tuff unit that is approximately 9 metres thick and is overlain by argillite. The tuff contains extensive carbonate alteration and lesser silicification and is cut by northwest trending quartz-carbonate veins.
In 2002, in order to evaluate whether faulting controls the mineralization, a series of trenches were completed over and along strike from the original trench (ca. 1989) on the main showing by Tenajon Resources Corp. A sample across 7.3 metres assayed 0.40 per cent copper and 362.2 grams per tonne silver (Press Release - Tenajon Resources Corp., January 28, 2003).
Prior operators had completed work programs on the Silver Streak property in the early 1990s. The programs identified widespread silver and base metal values in drill core and trenching. Historic trench results at the main showing included a 33-metre section averaging 338 grams per tonne silver with 1.99 per cent copper. Drilling beneath the trench intersected a 21.14-metre section averaging 127.6 grams per tonne silver and 0.27 per cent copper, 35 metres downdip. Within this section is an 8.76-metre intercept averaging 253.3 grams per tonne silver and 0.49 per cent copper. At the time, the mineralized zone was interpreted to be largely confined to a favourable unit in which chalcopyrite, galena, sphalerite and tetrahedrite occur as disseminations within the host and in quartz-carbonate veins/stockwork and breccia zones. A review of the drillhole data by Tenajon Resources Corp. personnel concluded that the majority of mineralization is associated with fault controlled, sulphide-bearing quartz-carbonate veins with the veins not being confined to a particular rock type. The results appear to validate the interpretation of the orientation of mineralization by Tenajon personnel. Based on this interpretation, the Silver Streak property hosts at least seven zones of quartz veining within a 130-metre wide trend. The main zone has been traced along strike for in excess of 65 metres to a depth of 70 metres, with the zone being open along strike and downdip (Press Release - Tenajon Resources Corp., January 28, 2003).
In 1984, a soil geochemistry survey on the Aiven claims identified three relatively weak copper-zinc anomalies with high spot values in lead, silver, gold and arsenic. In 1986, magnetometer and electromagnetic (EM) surveys were conducted over portions of the previous soil grid, but no strong conductors or anomalies were identified. In 1986, a trenching program was performed on the previous soil anomalies, but bedrock was not encountered in any trenches. In 1989, sampling across a trench averaged 1.99 per cent copper and 338 grams per tonne silver over 33 metres. Subsequent drilling, concentrated along a northwest trend, encountered anomalous silver values over a 150-metre strike length. Results included an 8.78-metre section assaying 258 grams per tonne silver, 0.49 per cent copper, followed by a 12.36-metre section averaging 38.3 grams per tonne silver with 0.27 per cent copper. Equity Silver contracted an induced polarization survey over 20.4 kilometres of cut line in August 1990 (Assessment Report 20651).
In 2007, Cadillac Mining Corporation completed a 4-hole, 549 metre drilling program on the Silver Streak property to test the characteristics and extent of elevated silver mineralization identified previously in localized trenching and shallow drilling.
In 2012, Quartz Mountain Resources Ltd. conducted an airborne magnetometer survey on the area north west of Parrott Lakes. The results are reported to reflect a large oval-shaped 12 km by 6 km caldera-like feature, with several internal magnetic highs that may reflect intrusive centres.
In 2013, Quartz Mountain Resources Ltd, as part of a much larger program, carried out reconnaissance exploration on the current south-central part of the Property. Work comprised an induced polarization (IP) survey, two reconnaissance geochemical soil lines and scattered rock sampling. The IP survey was run in part over the southern portion of a caldera-like magnetic response from the 2012 airborne survey. The results show zones of weak to moderate chargeability with high resistivity overlain by low resistivity, indicative of thick overburden.