The lithologies are characterized by moderate to steeply dipping, southeasterly striking, locally overturned folds with northwesterly shear zones and plunging lineations, regional east-southeasterly striking thrust faults and later faulting along a general north-northeast direction. The principal mineralization is associated with high strain zones and parallels magnetic features from regional and detailed airborne geophysics. The Property contains favourable geological units overprinted by extensive deformation. The southeasterly-trending Ladies Creek drainage hosted placer gold claims and is located on structural strike with historical placer gold occurrences with an interpreted local provenance. Placer gold was derived from Tertiary age deep weathering of the vein deposits. Gold fineness from nearby placer operations exhibited variance consistent with multiple sources, periods or styles of mineralization, including secondary precipitation. Base metal anomalies may be related to Kuroko or Besshi style volcanogenic (VMS) mineralization and/or carbonate-associated deposition (MVT, CRD).
Previous work on the Property included regional geological mapping, airborne geophysics, and reconnaissance soil and stream geochemistry surveys. The Property exhibits widely spaced stream geochemical anomalies for gold and select pathfinder elements such as copper, lead, bismuth and mercury. Gold mineralization typically is associated with quartz veins, iron carbonate (ankerite), and pyrite cutting amenable metasedimentary units of greenschist grade.
During 2018 HAWKEYE completed a 140 line kilometre helicopter-borne geophysical survey over the Cariboo Valley property performed by Geotech Airborne Geophysical Surveys Ltd. The survey which was carried out at 150 metre line spacing identified 2 features of interest on the Cariboo Valley property. The first anomaly is characterized by a northwest to southeast-trending magnetic low that is fringed by weak to moderate magnetic highs, which may represent a fault zone. The second anomaly is characterized by an unexplained northeast to southwest-trending string of moderate magnetic highs.