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Argo
Summary
The 100% owned Argo Property is located approximately 20 kilometers northwest of Quesnel, British Columbia, Canada. The property is in close proximity major transportation-utility corridor; including Highway 97 and electric transmission lines. The property was acquired through staking in Q1 2022, culminating in a 7,300-hectare property (73 km2) that is 100% owned with no underlying royalties.
The Argo Property is located in the Quesnel Trough, which is host to Golden Sky’s Rayfield Property and some of British Columbia’s most productive copper-producing mines including Copper Mountain and Mount Polley.
Underlying the property is a large kilometre-scale, northwest-trending magnetic and gravity anomaly, which was outlined by a high-resolution helicopter-borne magnetic, VLF-EM and radiometric survey in 2022. A follow-up regional soil sampling program was conducted to test the prospectivity of the area with widely spaced samples collected every 100 m along lines spaced 400 m apart. The program successfully outlined a multi-element geochemical anomaly that extends approximately 1.5 km x 0.75 km.
Geology
The Argo Property is located within the Quesnel Terrane, which is a volcanic arc that developed during east-dipping subduction of the Cache Creek Ocean beneath the western margin of ancestral North America. The Triassic to Jurassic Quesnel Terrane is dominantly comprised of Nicola Group Island Arc volcanic rocks (volcanic breccia, tuff and basalt) stratigraphically overlain by sedimentary rocks (siltstone, sandstone, basalt, tuff, conglomerate, volcanic breccia, chert and dacite). Plutonic rocks are believed to be coeval with the Nicola Group rocks and consist of undersaturated syenites, monzonites, diorites and gabbro’s. Arc magmatism from the late Triassic to Early Jurassic resulted in the emplacement of several calc-alkaline to alkaline plutonic suites in the Quesnel Terrane. The central belt of alkaline plutons (Copper Mountain Suite) is latest Triassic in age and delineates a 400 km long belt that includes Mount Polley Mine. Porphyry-type copper-gold and copper-molybdenum mineralization is associated with both alkaline and calc-alkaline intrusions throughout the Copper Mountain suite.
Continued magmatic activity in the early-Middle Jurassic resulted in granodiorites, diorites and monzodiorites being emplaced into the Nicola Group host rocks (Campbell and Tipper, 1971; Anderson et al., 2010). Extensional faulting and associated magmatism were active in the Eocene. Graben development was accompanied by ash flow eruptions and lacustrine deposition that resulted in areas of thick Eocene cover rocks.
According to MapPlace 2.0, the geology of the Argo property region consists of Triassic Nicola Group marine sediments and volcaniclastics locally overlain by Oligocene to Pliocene coarse clastic sediments. This is in fault contact with Permian to Triassic marine sediments of the Cache Creek Complex via the regional Pinchi fault; a northwest trending dextral strike-slip fault. The Cache Creek rocks have been intruded by the undivided Saint Marie Pluton of Middle Jurassic age. The pluton outcrops nearby the southwestern corner of the Argo property claim block.
Exploration History
Historical work on the property is limited to non-existent with much of the work focused on the western part of the property bordering the Fraser River. In 2022, a high-resolution helicopter-borne magnetic, VLF-EM and radiometric survey was conducted that outlined two large kilometre-scale, northwest-trending magnetic geophysical anomalies. A follow-up regional soil sampling program was conducted to test the prospectivity of the area with widely spaced samples collected every 100 m along lines spaced 400 m apart. The program successfully outlined a multi-element Cu-Au-Zn-As-Co-Ni-Mo geochemical anomaly that extends approximately 1.5 km x 0.75 km. Elevated Li and Rb values indicate the potential for nearby alkalic intrusions, likely associated with the magnetic anomaly. The presence of these pathfinder elements suggests the upper portions of a mineralized porphyry system may be exposed below the till cover.
Buried Copper-Gold Porphyry Target
The Argo Property is located in the Quesnel Terrane, which is host to some of British Columbia’s most productive copper-producing mines including Copper Mountain and Mount Polley. Mineral exploration on the property has identified a target zone defined by both geophysical (magnetic and gravity) and geochemical anomalies that are similar in characteristics to other alkalic copper-gold porphyry systems in the Quesnel Terrane.
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