Kelly Creek Project

The Property

The Kelly Creek Project is located on the Seward Peninsula, Alaska, 145 km north of Nome.  The Nome mining district is a prolific placer region with over 5 million ounces of recorded gold production.  Kelly Creek is a gold exploration project with numerous open-ended, multi-element, coincident gold (Au), arsenic (As), antimony (Sb) soil anomalies which have been tested with a positive, albeit limited drilling program. Geological and geochemical results to date are indicative of a sediment-hosted gold deposit. A well known type of sediment-hosted gold deposit is the Carlin Trend, Nevada.

Gold mineralization at Kelly Creek is hosted in a metamorphosed Devonian-Silurian carbonate-shale platform-shelf sequence and is associated with the intersection of specific stratigraphic horizons and secondary fault splays. This prospective stratigraphy is exposed along a 15 km x 5 km corridor bounded by regional faults. The majority of the corridor is only sparsely investigated by geochemical surveys and the additional claims were staked to protect the strike extent of the prospective stratigraphy.

The gold mineralization at Kelly Creek was discovered by Anaconda Copper Mining Co. (Anaconda) as part of a regional stream sampling project focused on tin exploration in the early 1980’s, when the significance of sediment-hosted gold deposits was not well known.  Following up a positive gold  stream anomaly with a small, but encouraging soil survey, Anaconda drilled two holes into the target horizon returning results of 1.07g/t over 23.5m and 0.83g/t over 32m respectively. Anaconda pulled out of Alaska for corporate reasons a year later in 1985.
The Kelly Creek property is drill-permitted. Infrastructure in the region is favorable and a winter road runs through the property’s eastern boundary.