The Specogna Gold Deposit: A Late Tertiary, Low-sulfidation Epithermal Hot Spring Deposit, Graham Island, Queen Charlotte Islands, British Columbia, Canada

Abstract - Exploration at the Specogna gold deposit has identified a geological resource of 65.0 Mt grading 1.63 g/t Au, which equates to 3 million ounces of contained gold. This resource is hosted in a low-sulfidation epithermal deposit of Miocene age that is localized along the northwesterlytrending Sandspit fault. The fault has juxtaposed Late Cretaceous mudstone of the Haida Formation to the west, with Late Tertiary coarse clastic sediments and lesser andesitic volcanic rocks of the Skonun Formation to the east. A plagioclase porphyritic dacite dike intrudes the Haida mudstone and Skonun sediments along the fault. Gold mineralization, in hydrothermal breccias, veins and stockworks developed mainly in Skonun sediments and dacite. These are formed in an 800 m long zone that roughly parallels the Sandspit fault. The gold zone is funnel-shaped in cross-section, approximately 300 m wide at surface, 220 m above sea level, and narrows to approximately 50 m, at sea level. The deposit lies within an elongate zone of moderate to intense hydrothermal alteration that, at surface, extends over a known area of approximately 2 km2. Its western extent is bounded by the Sandspit fault. There is an asymmetric alteration zonation, with a core of silicic-potassic (adularia) and smectite-illite clay alteration that is bounded to the east by argillic alteration. Similar zoning defined by the distribution of metals reflects the position of the main feeder conduit. Mineralization of altered wallrock is dominated by 1% to 4% auriferous pyrite and marcasite. Gold and silver occur as electrum; individual silver minerals have not been identified. Other sulfides are rare, and are identified only microscopically. The mineral suite is typical of low-sulfidation epithermal systems. Gold occurs in early, multi-phase, variably bladed and banded quartz veins and breccias, which are cut by barren, single phase, drusy quartz veins.