TSX.V: TAK | PK: TAKUF
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Yukon: White Gold

Bishop Property


Bishop Property (4,658 hectares) includes a large area where previous work by the property vendors Tom Morgan and Vern Matkovich outlined a strong, southeast trending conductor on the margin of a magnetic high. Mechanical auger drilling done by the property vendors to test for placer gold found unusual gold grains in bedrock samples collected across the geophysical anomaly. The gold grains are angular, dark yellow in colour and often attached to quartz fragments. Generally they are atypical and do not resemble placer gold produced in the immediate area.

Bedrock samples collected on the up-slope, southwest side of the geophysical anomaly consist of schistose metasediments whereas ultramafic rocks were found on the down-slope, northeast side of the geophysical anomaly. Moreover no gold was found southwest of the geophysical anomaly whereas gold was found in several auger holes drilled northeast of the geophysical anomaly. A 5-hole, 500m drilling program completed in 2010 was designed to determine if the geophysical anomaly is caused by a gold-bearing structure localized along the ultramafic-metasediment contact.

A total of 691.9m of drilling in 5 holes was completed on the Bishop property in late October 2010. The goal of the drilling was to test a strong, southeast trending conductor on the margin of a magnetic high associated with unusual placer gold grains found in bedrock samples collected by mechanical auger drilling. In four of the five holes, the drilling intersected a zone marked by shearing, quartz veins, stockworks and breccias, and weak sulphide mineralization. The structure generally follows an ultramafic, metasediment contact. Assay results from the zone were generally low. The best gold value was 0.5gpt Au over 1.0m from 32.5m in hole IN10-03.