The Red-Chris porphyry copper-gold deposit, northwestern British Columbia

"The Red-Chris porphyry Cu-Au deposit is located between Ealue and Kluea lakes, southeast of the village of Iskut on the Stewart Cassiar highway in northwestern British Columbia. It was explored by Texasgulf Inc., in a joint venture with Great Plains Development Company of Canada, Ltd. and Silver Standard Mines Ltd., during the period 1973 to 1980. Exploration resumed in 1994, following acquisition of the interests originally held by Texasgulf and Great Plains Development by American Bullion Minerals Ltd.Prospectors were first drawn to the area by prominent limonitic stain zones exposed in creek gullies in the western part of the property. These zones are developed on the alteration halo at the western periphery of the deposit. The potential ore zones do not crop out and were first exposed in a bulldozer trench excavated in 1971. Subsequent exploration was by percussion and diamond drilling, guided to some extent by induced polarization surveys. In 1976, estimated resources contained within two crudely designed open pits were 41 million tonnes with an average grade of 0.56% Cu and 0.34 g/t Au, with a cutoff grade of0.25% Cu. New resource estimates based on a major drilling program completed by American Bullion in 1994 were released as this paper goes to press. These estimates were calculated using various copper cutoff grades; at the 0.4% Cu cutoff, the ""in-situ geological reserve"" is given as 100 million tonnes grading 0.58% Cu and 0.46 g! t Au (American Bullion Minerals Ltd., 1995).The deposit consists mainly of pyrite, chalcopyrite and increasing bornite at depth, in zones of quartz-vein stockwork hosted by an elongate body of altered monzonite porphyry of latest Triassic or earliest Jurassic age. The stock intruded volcanic and sedimentary rocks of probable Stuhini Group affinity and is in faulted contact with sedimentary rocks of the Jurassic Bowser Lake Group. Gypsum stockworks are developed in the higher levels of the subvolcanic porphyry system. Late-stage quartz-carbonate veins carry small amounts of galena and sphalerite. Complex faulting within the deposit makes drill-hole correlations difficult. Alteration assemblages include an early potassic phase, almost completely destroyed by later phyllic alteration, and surrounded by a propylitic assemblage dominated by ankeritic carbonates in altered sedimentary rocks.The deposit has characteristics of bath the alkalic and calc-alkalic classes of porphyry copper deposits. The development of quartzvein stockwork suggests a calc-alkalic affinity, but the hostrocks contain little or no free quartz, molybdenum is present in trace amounts only and gold values are significant. Copper grades vary between wide extremes with unusually high grades in some sections of the deposit. The weight of evidence available in the 1970s led us to place the Red-Chris deposit firmly in the alkalic family. The quartz-sericite alteration assemblage was attributed to breakdown of potassium feldspar in a near-surface alteration environment in which seawater may have had a significant role. These interpretalions are retained here, but preliminary conclusions from the most recent work suggest that they may require some modification."