Colossus

The B-All Syndicate’s Colossus property contains values up to 13.45 gpt AuEq and covers an area of 5,509 hectares within under-explored world class geologic terrain. Colossus is located 13 km south of Telegraph Creek, BC at the northern perimeter of the Golden Triangle of British Columbia, Canada. Colossus is situated within only two kilometers of “the Red Line” (explained further below), which  is crucially significant for new exploration in the BC golden triangle. The region is well known for hosting world-class precious metal and porphyry deposits including several that occur within 40-60 kilometers of the property such as the multiple porphyry systems at Galore Creek (12.159 billion pounds of copper, 9.438 million ounces of gold, 174.086 million ounces of silver), the polymetallic copper project at Shaft Creek (5 billion pounds of copper, 3.7 million ounces of gold, 16.4 million ounces of silver), the actively mined  Red Chris porphyry deposit (13 million oz of gold and 7.4 billion lbs of copper), as well as the structurally controlled high-grade hydrothermal gold-silver zones at Trophy and Sphal Creek. The Colossus property exploration also qualifies for the Critical Mineral Exploration Tax Credit (CMETC).

• Four of eight samples returned anomalous gold values over 1 g/t Au up to 11.57 g/t Au collected within only a few hours spent on the property

• Copper Belt Showing including semi-massive bornite and chalcopyrite in a 1.2 m wide shear assaying 13.45 gpt AuEq (11.57 gpt Au & 189 gpt Ag)

• Copper Back Showing with tenorite and chalcopyrite copper mineralization (copper assays pending)

• Multiple high grade gold in silt values up to 3,090 ppb Au in previous pan concentrate silt samples that were not followed up on

• World class geologic terrain located within 2 kms of the “Red Line”

• 5 minute helicopter flight from Telegraph Creek/Glenora

Colossus sample D751204 with bornite and chalcopyrite hosted within a 45cm wide quartz vein in chloritized diorite assaying 13.45 gpt AuEq (11.57 gpt Au & 189 gpt Ag).

The property has a history of well known mining companies operating the area, although doing minimal work and not holding the claims for long. Past work on the property consists of trenching performed at an unknown date prior to 1948, a 3 week program of geological mapping and rock sampling that identified 4 mineralized outcrops carried out by Bart Mines Ltd. on the B and BM claims in 1973 (ARIS 4717), a brief reconnaissance sampling program carried out by Homestake Mineral Development Company from 1988-89, and brief sampling and geological mapping carried out by Equity Silver Mines Limited from 1990-91.1 The snow cover at the time of these projects was noted to have limited the rock exposure. 

• The main showing is approximately 50 feet wide near the top of a cliff including many mineralized and altered fractures on different planes. Mineralization of bornite and chalcopyrite within an alteration zone of epidote, chlorite and K-feldspar.

• A 30 foot long trench that is a few hundred meters away and on strike with the main showing contains a 25cm wide quartz vein mineralized with bornite yielding approximately  0.75% copper.

• Multiple bulk heavy mineral concentrate samples taken from the main drainage of the claims detected gold in anomalous quantities (3090 & 3815 ppb Au). Further follow up of these samples was warranted, but not performed. 2

• There are also assessment reports on the property that refer to rumors of significant past workings that were never relocated including an adit 3 as well as a gold deposit at the junction of Nightout and Tsikhini Creeks from which free gold was recovered by crushing and panning the rock. 

• A ten meter wide quartz-pyrite bearing, carbonate altered shear zone was located and sampled, however not returning economic results. It is located 50 meters upstream from an 80 ppb Au silt sample. The mineralization and alteration noted at this site north of Nightout creek is encouraging.

The Colossus property is underlain by phyllites, chlorite and sericite schists, and volcanics of Permian age. These rocks strike northwesterly and dip moderately west. They have been intruded by a zoned Jurassic/Cretaceous granodiorite, quartz diorite, diorite and migmatite. The mineralized area is underlain by the Middle to Late Triassic Nightout pluton that consists of quartz diorite. Pegmatites occur along the north side of the intrusive about one kilometer south of its contact with Devonian to Permian sedimentary rocks of the Stikine Assemblage. These pegmatites range from dikes, consisting mainly of quartz, to those consisting mainly of pink orthoclase. Most of these dikes are less than 30 centimetres wide and the more siliceous dikes carry some copper mineralization in small fissures.

The Red Line Theory:

The Red Line theory was devised by BCGS Geologists Jeff Kyba and Joanne Nelson that outlines a stratigraphic unconformity labeled as ‘the red line’ that is located within two km of every major deposit in the Stikine Terrane that composes most of the BC Golden Triangle. The red line itself is the stratigraphic contact between the Upper Triassic Stuhini Group and the volcanic units of the lower Hazelton Group (latest Triassic to Early Jurassic; 205-185 Ma). The Red Line theory is significant because it tied together most of the Golden Triangle’s ore deposits with a structural explanation and has given a clear, new target for mineral exploration in BC.

D751204 - 11.57 gpt Au and 189 gpt Ag. Sample across 30cm of mineralized shear (215/59) with semi massive bornite. Adjacent to previously sampled 15cm wide Qtz (totalling 45cm width of mineralization). 

D751203 - 3.71 gpt Au and 138 gpt Ag. 15cm wide Qtz vein (215/59) with semi massive bornite. Alteration: Chlorite, Epidote, Hematite

D751324 - 2.07 gpt Au and 34 gpt Ag. 1m chip of 1m wide quartz vein (240/40) with significant azurite and malachite staining. 1% bornite 1% cpy

D751323 - 1.35 gpt Au and 41 gpt Ag. 30cm wide section of quartz veining with multiple smaller veins present over a 15m section near a splay off of a structure

Quartz-Serecite-Pyrite and Fe-Carbonate altered intrusive rock.

The Colossus property has seen very minimal exploration work since 1973 and no work at all since 1990. Snow melt has since then revealed outcrops that would not have previously been exposed. The B-All Syndicate has only spent 2.5 man-days and has collected only 8 samples - 4 returning values over 1 g/t Au and 6 returning values over 10 g/t Ag with most assays still pending. The porphyry style alteration including chlorite-epidote (propylitic) and K-feldspar (potassic) as well as the quartz-serecite-pyrite (phyllic) observed along with the copper mineralization accompanied with mid-grade gold values makes Colossus a strong porphyry target. The property also has numerous high gold in silt values that were not followed up on. The close proximity to the famous “red line” puts Colossus in top-tier geologic terrain.

An exploration program consisting of detailed prospecting and contour soil sampling all over the property as well as trenching, channel cutting and detailed mapping and sampling should be completed at the Copper belt showing and any other significant mineralized zones. Determining the extent of the quartz-serecite-pyrite alteration at the north end of the property should also be a focus as it may lead to alteration transition zones with accompanying mineralization. Finding the source of the high grade (>3 ppm Au) pan concentrate samples as well as the 128 ppb RGS sample is also essential.