The Fiji property borders west and north of the Homestake Ridge property of Bravo Venture Group. Inc., wherein recent exploration has established a NI 43-101 compliant indicated resource of 191,000 ounces gold and 1,350,000 ounces silver (contained within 880,000 tonnes) and an inferred resource containing some 348,000 ounces gold and 7,990,000 ounces silver (contained within 2,340,000 tonnes). Bravo Venture Group has spent over $25,000,000 exploring the Homestake Ridge property to date.
Prospecting by Teuton-Silver Grail personnel in 2006 delineated two promising zones of high grade gold-bearing mineralization just west of the common border with the Bravo Ventures ground, and hosted within part of the same package of rocks that trend northwest through the Homestake Ridge property onto the Fiji claims. One of these areas was drilled by Teuton-Silver Grail in 2007 with mixed results. The other area did not come out of the snow that year (nor in subsequent years).
Future work on the property is being held in abeyance pending further results on the Homestake Ridge property to the east. The property is available for option.
The Fiji property is situated 28 kilometres southeast of the deepwater port of Stewart, British Columbia, at the northwest end of the Kitsault River valley. The Kitsault district is famous for two former silver producers, the Dolly Varden and Torbrit mines.
History and Property Status
The property was staked by Teuton-Silver Grail in the mid-1990’s as part of a regional effort spurred by the Red Mountain gold discovery. Minor prospecting and trenching at the time yielded highly anomalous gold and base metal values within what was tentatively identified as a Goldslide Intrusion, the same type which is associated with the Red Mountain discovery (now owned by Seabridge Gold). No further work was done until 2006, when additional prospecting of new areas exposed by retreating snowfields showed the mineralizationto be more widespread than originally thought.
Prospecting samples taken in 2006 from two mineralized zones on the Fiji have returned an unusually high proportion of high-grade gold values. Five out of sixteen samples returned gold values higher than 11 g/t, ranging from 11.21 to 47.1 g/t gold (see map attached, “Fiji Property Gold Zones” or click on the map below to see a full-sized version). One of the zones features fracture-controlled pyrite mineralization in what appears to be a highly altered intrusive. The second zone, in an area exposed by meltback of a snowfield, features sphalerite, galena, tetrahedrite, pyrite and barite mineralization hosted in altered volcanic rocks.
The first of these zones was drilled in 2007 with 7 holes, 3 of which contained gold and/or silver values as follows:
No further work of consequence has been done on the property since 2007.