RED ELEPHANT GOLD PROJECT
(with GMR Global Mineral Resources Corp.)
Red Elephant Gold
The +1,100 hectare Red Elephant Gold Property is located in the Duncan Ranges of the Selkirk Mountains in the Slocan Mining Division, approximately 80 kilometres southeast of Revelstoke, British Columbia and approximately 80 kilometres north of Kaslo, British Columbia.
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About Red Elephant
The highest gold values were found near the portal. On surface, the vein is highly oxidized and limonitic and much of the pyrite has leached out leaving decomposed quartz with cast outlines of pyrite cubes. A sample of partially decomposed, silicified schist and honey-combed quartz exposed in an open cut near the portal assayed 42.5 grams per tonne gold. The depth of oxidation is unknown. In 1927, it was found to extend for at least 21 metres to the base of the shaft.​
In 1988, it was reported that Roper Resources Limited quoted an indicated resource of 26,463 tonnes grading 40.8 grams per tonne gold.
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"The Red Elephant property has a historical, non-compliant gold resource and is a property of merit. This resource requires additional exploration and definition."
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- Stephen B. Butrenchuk, P.Geol.
Assessment Report on the Red Elephant Property
Map of the Red Elephant Gold Project
in British Columbia, Canada
Exploration Highlights; Historical
The Red Elephant area is underlain by siliceous schist, phyllite and quartzite of the Marsh Adams formation, the uppermost unit of the Hamill group. The rocks are in the immediate footwall of the Badshot limestone and they are isoclinally folded and schistose. They strike to the northwest and dip steeply to the southwest.
In 1984, Bannockburn Resources Limited reported a new discovery, comprised of a 1 to 2 metre-wide band of "siliceous oxide material" which has been traced on strike for 130 metres. Locally, the band displays a honeycomb texture. It has produced assays of up to 43.2 grams per tonne gold. The band is subparallel to, and approximately 100 metes south of, the main vein. At that time, it was reported to have produced assays of between 12.3 and 61.7 grams per tonne gold over 0.1 metre.
In 1987, Mikado Resources Limited reported results for the "new " zone on the Red Elephant property. It evidently yielded chip samples that assayed 11.66, 34.01, 3.12, 5.18 and 9.50 grams per tonne gold over widths of 0.91 to 1.52 metres.
In 1988, it was reported that Roper Resources Limited quoted an indicated resource of 26,463 tonnes grading 40.8 grams per tonne gold.
In 1989, the company reported a trench sample that assayed 20.6 grams per tonne gold and 3.3 per cent copper over 1.5 metres.
Exploration Highlights; Modern
In 2011, GMR Global Mineral Resources Corp. completed an exploration program that consisted of rehabilitation of the access road to the property and re-sampling of the Red Elephant mineralized gold zone... Results of the sampling program confirmed and verified historical surface sampling results.