Project Details
The Kaigani Gold Project is located on the southern tip of Dall Island, the most southwestern island in the Southeast Alaska Panhandle, where gold was first discovered around 1900. The project covers a largely underexplored area with strong potential for volcanogenic massive sulphide (VMS)-type mineralization hosting significant gold and silver values.
Mineralization is stratiform, hosted by Wales Group metasedimentary and metavolcanic rocks of Precambrian–Cambrian age, a unit that hosts several other important deposits in Southeastern Alaska. Thin hanging-wall marble and/or footwall tuffite horizons provide excellent marker beds for exploration. Nearby (<1 mile), a Cambrian–Ordovician granodiorite intrusive may have remobilized and locally concentrated gold-bearing sulphides. Geological mapping and geophysics have outlined nearly 10,000 feet of mineralized exhalite layer, with an estimated potential of 5–15 million tonnes grading 5.1–8.6 g/t Au (1–2 million ounces).
Key highlights include:
- Gold values of 3.43 g/t over 33 ft in trenching, including 9.26 g/t Au over 10 ft.
- Soil anomalies ranging 0.34–1.7 g/t Au over 100 ft in FeOx carbonate.
- A float grab sample from the Virginia Prospect assaying 120 g/t Au and 9,909 g/t Ag (source still undiscovered).
- Gold values generally proportional to sulphide content (pyrite, arsenopyrite, sphalerite, chalcopyrite) in quartz and quartz-carbonate rocks.
- 2 miles of strike length identified within the claims, with potential to extend over 18 additional miles toward Gold Harbor.
Additional Important Data:
- IP and resistivity surveys show low resistivity and high chargeabilities at depth consistent with the mapped mineralized layer.
- The deposit is undrilled, with steep dips, and reasonable terrain for drill sites.
- Wide-spaced soil geochemistry anomalies define extensions of known mineralization.
