This large property lies to the south of Teuton’s High North property and covers the southern end of the McTagg anticlinorium, a regional structure which hosts all of the various copper-gold deposits of the KSM property to the north.
Jeff Kyba, former regional geologist for northwestern British Columbia, emphasized the importance of a “red line” (the contact between Triassic and Jurassic age rocks) and was quoted as follows in the May 1, 2015 edition of the Northern Miner:
“If you’re near that red line, and there’s a clastic sequence coupled with large-scale faults then you might be in the neighborhood of B.C.’s next big deposit,” he says. “And knowing that is a big game-changer for explorers in the region because it’ll get them closer to making a discovery.”
This red-line travels south along the eastern edge of the Orion property before reversing direction and heading back north through the middle of the property. The western portion of the property is also prospective, being underlain by rocks within the Eskay Rift belt, the same horizon which hosts the formerly producing, high-grade gold and silver Eskay Creek mine.
Previous work has shown gold-bearing zones are associated with rhyolites outcropping in a nunatak in the eastern part of the Orion property.. A magnetotelluric survey run in 2016 disclosed two large anomalous areas on both the eastern and western sides of the nunatak very close to the red line. On the Treaty Creek property, similar magnetotelluric anomalies correspond with large-scale gold porphyry mineralization. Neither of the anomalies has been drill tested. Prospecting carried out in 2018 delineated an area marked by abundant sulfur, much like that previously discovered at Sulphur Knob on the Treaty Creek property.
The property is currently under option to Tudor Gold with a 2.0% NSR. There is no buyback on this royalty.