Two Times Fred Property
Two Times Fred is a low-sulphidation gold-silver prospect located 35 km southwest of Vanderhoof. The property comprises a series of north-northeast striking quartz veins and vein stockworks hosted within a 1km x 3km zone of altered Eocene aged volcanics.
A true prospecting discovery, mineralized veins were identified and sampled by Kootenay during reconnaissance work in 2010. Samples of altered rock and vein material are exposed in an old borrow pit and road cut. Quartz veining is hosted at surface by basalts of the Endako group, a rock unit thought to post-date any mineralization in the region. The initial grab samples returned highly anomalous gold values, follow up work led to the generation of the 2 Times Fred prospect.
Close up of Vein Swarm and 1km x 3km target area
Work to-date includes trenching, geophysics, and several phases of drilling work which have intercepted broad, gold and silver mineralized zones some measuring several tens of meters in width. Veins identified in this work remain open along strike and to depth.
Key features;
- Property totals 8,627 hectares in 13 Mineral claims located 35 km southwest of Vanderhoof British Columbia.
- Mineralization is found in banded gold and silver bearing epithermal quartz veins.
- Anomalous pathfinder elements are detected within low temperature sinters some distance along strike from mapped and drilled veins, indicating great exploration potential along strike.
- Main target zone measures 3km by 1km in size. Three named veins are defined, several additional veins were encountered during prospecting and drilling activities.
- 2014 Trenching program included 18 trenches, 244 samples collected for a program high of 1.2 meters of 2.56 gpt Au and 31.8 gpt Ag at “East Vein” target and broad mineralized zones such as found in Trench 7 at the “Gold Hill Vein” Area of 24 meters averaging 0.53 gpt Au and 6.9 gpt Ag.
- 2015 Diamond Drilling targeted key mineralized outcrops with 8 NQ holes totaling 717 meters
- Property was optioned to Centerra Gold subsidiary, expending $4M in exploration over three years, the property was recently returned with 10 years assessment filed
- 2021-2023 Diamond drilling totaled 28 holes for 8,328 meters, 6 RC holes drilled for 965 meters in 2023.
- Best results include hole 2XF-22-0041, to 83.8m, 62.7 meters of 0.81gpt Au and 10.0 gpt Ag from 21.1m downhole (includes 6.31 meters of 3.19gpt Au and 34.5 gpt Ag from 58 meters downhole).
- Many kilometers of prospective targets remain along strike of drill areas.
The property was explored under option by Thompson Creek Metals, with $4M in exploration expenditure completed over a 3-year period. The property was returned to Kootenay in 2023 including all data generated during that time and with the maximum assessment expenditure filed on the mineral concessions. The property remains a compelling exploration prospect with several line kilometers of undrilled potential vein targets.
