Vancouver, British Columbia - The Bingo property was recently staked based on positive assay results from a reconnaissance prospecting program and covers 841 hectares located approximately 45 kilometers southeast of Stewart BC in the Golden Triangle. Bingo is the second property to be announced from a much larger suite of properties generated, prospected and staked by the J2 private Syndicate which includes multiple stand-alone precious metal prospects totaling 38,698 hectares. A brief summary of each of these projects will be released as information becomes available.
The main Bingo discovery zone, now the “Main Zone”, is comprised of mineralization traceable in outcrop for more than 300 meters trending north-south in a 7-9 meter wide mineralized horizon that remains open. Prospecting of the Main Zone has yielded 4.71 grams per tonne gold over a 1.8 m wide chip sample taken from outcrop and grab samples assaying 7.14 grams per tonne gold, 4.85 grams per tonne gold and 3.59 grams per tonne taken from outcrop. Copper values from this zone assayed 1.49 percent, 1.24 percent and 0.8 percent copper. The Bingo Main Zone is an area measuring 300 meters long by up to 140 meters wide trending north south and returning multiple samples over 1 gram per tonne gold and over 1 percent copper. The Bingo Main Zone is within a larger north east trending zone, more than 1 kilometer long, of anomalous gold-copper values from outcrop, with grab samples assaying up to 5.93 grams per tonne gold and 1.6 percent copper. Mineralization remains open in all directions.
The property is located within the Golden Triangle, approximately 10 kilometers northwest of the historic Anyox town-site and smelter, in a mining camp which is host to four known deposits and several past producers.
Mineralization at Bingo Main Zone occurs within a rusty brown weathering biotite rich metasedimentary unit which is gently dipping to the southwest and moderately foliated. The horizon contains chalcopyrite-pyrite-covellite bearing quartz veins up to 30 centimeters wide paralleling foliation and localized disseminations of pyrite-chalcopyrite. The majority of rock samples taken across the greater than 300 meter long mineralized outcrop have returned consistent values of greater than 1 gram per tonne gold and 0.1 percent copper, confirming the strong continuity of the gold mineralization. Foliation and various faults which slightly offset the unit offer excellent conduits for mineralizing fluids. Mineralizing fluids are likely sourced from later fertile intrusion at depth. North of the main zone a younger granodiorite is observed at the base of the cirque intruding overlaying units forming possible roof pendent; this is analogous to mineralization and host settings for ore deposits in the area.
Also located on the Bingo property is the newly discovered 1 kilometer Northeast Trend that consists of anomalous gold mineralization and several strongly anomalous copper values taken from outcrop samples along this trend and located proximal to the contact between intermediate volcanics of the Hazelton group and metasedimentary units of similar age. One grab sample taken from outcrop returned assayed 5.93 grams per tonne gold and 1.6 percent copper. Mineralization occurs as disseminations and globules of pyrite-chalcopyrite within chloritized intermediate volcanics. Other outcrop grab samples from this trend have returned 4240, 1760 and 1055 parts per million copper and up to 186 parts per billion gold. The Hazelton group is a favorable host for several deposits in the Anyox mining camp where mineralization consisted of massive sulphide bands and lenses within the volcanics.
Results for the Bingo property were attained in two days of total prospecting. A total of 36 rock samples were taken from various outcrops across the property, of which 15 samples (43%) have returned over 1 grams per tonne gold up to 7.14 grams per tonne, and 19 samples (54%) have returned over 0.1 percent Cu up to 1.6 percent. The Bingo Main Zone exhibits strong gold copper mineralization traceable in outcrop for over 300 meters and remains open. The majority of the claim block remains unexplored.
Follow up work is recommended in preparation for drilling, consisting of mapping, channel/geochemical sampling and prospecting to determine the extent of the North South trending Main Zone and along the one kilometer long Northeast Trend, both of which remain open. Excellent bedrock exposure across the property makes for cost-effective exploration.
