The Rooster Property (‘The Property’) is a 4,690-hectare area located contiguous with the Company’s high-grade Texas Creek gold-silver property immediately north across the Canada/US border. The Property is located west of Ascot’s Premier Gold Project that is currently in development and south of the historically producing Scottie Gold and Granduc Copper mines.
The property is primarily covered with glacial ice, with increasing new areas of exposure due to annual melting. With limited modern exploration, no historic prospects or sampling have been documented in the area despite its significant size.
Government mapping interprets the Property as underlain by Hazelton Group volcanic and coeval intrusive rocks, older Stuhini group sediments and younger, Cretaceous and Tertiary age intrusives.
The Golden Triangle region, centered around the towns of Stewart, BC and Hyder, Alaska, has world-class metal endowment. Set in the Stikinia Paleozoic-Mesozoic island arc terrane, the stratigraphy of the area is dominated by Triassic to Jurassic rocks of the Stuhini and Hazelton Groups, respectively. Porphyry, VMS, and other intrusion-related deposits in the area are dominantly hosted in the Jurassic Hazelton Group strata associated with coeval intrusions, with commonly overprinting Eocene epithermal-style vein-dominated mineralization.