Project Overview
The Elly Gold Project is a generative exploration project located in the Greenwood Mining Area of British Columbia. The project is owned by Riverside Resources (BC) Inc., which is currently conducting a program of stream sediment sampling, rock sampling, and active prospecting.
The Republic and Toroda Grabens are major structural features that are known to host gold mineralization. The sedimentary and volcanic fill in the Republic Graben exceeds 3,000 meters and gold and silver, with lesser Pb, Zn, and Te mineralization occur in various levels of the Paleogene units.
Figure 2: Simplified diagram showing an extensional tectonic environment in a Horst-Graben terrain and the gold mineralization at Elly is along the Normal fault structures as the primary control for the Eocene epithermal gold in the Republic Graben and its extension northward from northernmost Washington State, USA up into the Grand Forks region of British Columbia.
At Elly, the graben faults are a major structural control where Paleogene-age gold mineralization is deposited adjacent to the more favorable reactive host rock stratigraphy in the paleo-near surface environment. Riverside has begun to integrate the structural geology and reconstruction of the basins for targeting.
The company has completed the first phase of generative exploration starting with stream sediment sampling, prospecting, and rock sampling. These samples have been shipped to ALS Laboratories in North Vancouver and the company awaits the results.