The Stamp property is situated at the head of Nelson Glacier, immediately south of the BA property of Great Bear Resources and Mt. Boy Minerals. A dacite/rhyolite unit, which is prospective for the BA type of exhalative silver-lead-zinc mineralization, passes into the Stamp claims.
Currently the property is under option to Decade Resources (“DEC”) under terms whereby Decade can earn a 50% interest in the property from Teuton by paying $110,000 to Teuton and carrying out $1.5 million worth of work over four years. Decade has another option to earn an additional 20% interest by carrying the property to feasibility.
Great Bear Resources completed a $5million program on the adjoining BA claims in 2011, confirming significant extensions to the known stratigraphic Pb-Zn-Ag mineralization. This mineralization is interpreted as lying within the same stratigraphic horizon which hosts the Eskay Creek Mine. The host rocks are part of the upper Hazelton Group of the Stikine Terrane, which comprises a series of Middle Jurassic bimodal volcanics deposited in a back-arc basin. The silver-lead-zinc mineralization is part of an exhalative VMS-style, base and precious metal mineralization system.
Mineralization on Stamp Property
Decade carried out an airborne geophysical program over the Stamp claims in 2010, disclosing a magnetic anomaly along the suggested course of the dacite/rhyolite unit. Float samples taken below this were analyzed and carried silver, lead and zinc values.
No subsequent work has been carried out in recent years owing to the difficult financial markets. Terms of the option have been extended.