|Location: 16km from Merritt BC, in the heart of the Spence’s Bridge Gold Belt (3 hours drive from Vancouver BC)
|Ownership: Central claim (100%), earning into 100% of surrounding claims
|Status: Drilling – Pre-discovery
|Geology: Low sulphidation epithermal gold-silver mineralization
Au Gold Corp has been following up on the initial prospecting discovery made by Ed Balon of Almaden Minerals in the early 2000’s. Anomalous gold values led to the discovery of Axel Ridge, where outcrop and abundant quartz float material returned multi-gram gold values with epithermal textures.
The Company has continued exploration by carrying out soil sampling, prospecting, trenching and drilling, resulting in a new and untested interpretation of the mineralization at Ponderosa.
The Company plans to drill test the Ponderosa Structural Corridor to locate the source of the gold bearing mineralization at Axel Ridge and elsewhere on the property.
- Prospecting samples grading up to 46.9 g/t gold and 110 g/t silver
- Excellent road access to and through the property
- Short winter – long exploration season with low rainfall
- Great potential for a drill discovery
The property is located 16 km southwest of Merritt, BC, less than three hours drive from Vancouver, Canada. Access by road is via the sealed Coldwater Road from either Merritt or the Coquihalla Highway (Exit 256) and then 9km by way of paved and gravel roads from the Coldwater/Patchett Road junction. The property is located within the unceded traditional territory of the Nlaka’pamux People.
The property features a number of zones or showings where geological evidence has been located.
Management believes the Ponderosa Structural Corridor is the most prospective part of the property and plans to focus its efforts on drill testing this corridor which exceeds 2km in length. The Ponderosa Structural Corridor has been interpreted from a range of data sources, including soil sampling, prospecting, mapping and geophysics.
In 2022, the Company completed a drill program on the Tomahawk and Flat Iron zones based on the presence of gold bearing, steeply dipping epithermal quartz veins that outcropped at surface with widths up to 25m. Management now believes that the Tomahawk and Flat Iron zones are parallel trend structures and of lesser significance than the zones in the Ponderosa Structural Corridor.