Gold Property

The Gold property is located 5.5 km west of the Pil property. Initial exploration in the area was for copper by Cominco in 1968. This was followed in 1971 by work on a copper-molybdenum by Kennco Exploration. During the 1980's considerable exploration was done in search of epithermal gold-silver mineralization. Lacana Mining Corp. discovered the Golden Neighbor showing on what is now the Gold Property. In 1986, Lacana conducted a soil sampling program, trenching, and an electromagnetic survey before drilling five holes totaling 605 metres.

In 2004 Finlay conducted grid based soil sampling, geological mapping, rock sampling and an IP survey.

The Gold Property is underlain by Toodoggone volcanics that elsewhere in the district host gold-silver epithermal mineralization (i.e. Baker and Lawyers deposits and the Atlas occurrences). The property lies on the western margin of a faulted block that to the east and west is delineated by the northerly trending Pillar and Saunders faults. The Saunders Fault is the most important structure on the Gold Claims as it separates down-dropped and unaltered Saunders Member volcanics to the west from highly altered Metsantan Member volcanics further east. The latter hosts silica-related gold mineralization. Splaying east and southeast from the Saunders Fault are a number of lesser structures, with one of these coinciding with the northern limits of the gold mineralization and the soil anomalies. Extensive hydrothermal alteration overprints the Metsantan volcanics up to 600 metres east of the Saunders Fault. The most economically important alteration is silica represented by veins and stockworks. Argillitic and limonite alteration forms a northwest striking gossan zone six kilometers long by 0.2 to 1.0 kilometers wide.

On the Gold property gold-silver-copper mineralization hosted by vuggy quartz-silica zones may represent a "low-sulphidation epithermal zone". The controls of the silica zone within host Metsantan volcanics are unknown. Previous workers suggested the silica follows a NNW trending fault. Alternatively silica-rich fluids may have moved up the Saunders Fault and then laterally eastwards along permeable tuffaceous horizons. The bedding of these rocks in the district dips gently to moderately westerly. If so then future drilling should be west and down-slope of the silica in order to intersect the mineralized zone.

Soil sampling in 2004 outlined a 300 metre by 600 metre gold anomaly covering the extreme southeast part of the claim block. This anomaly extends southwards onto the Dave Price claim where there is documented a 1500 metre long by up to 200 metre wide altered and mineralized zone.

The most recent work indicates that future drilling should target the silica zone in the southeast corner of the claims.