The Barkerville area claims consist of three road accessible claims, staked by Eastfield in 2013 and 2014, that are located 20 kilometres north of Wells in central BC. The claims are highly prospective and have had little exploration over the years. Placer gold mining is documented and still continuing on a small scale on and around the claims. A rush of exploration in the 1980's and 1990's focused on the search for Besshi type VMS deposits in the Antler Formation of the Mississippian to Permian Slide Mountain Terrane. The Big Valley project is 100% owned by Eastfield.
The well known placer (~4 million ounce production) and lode (~1.2 million ounce production) gold deposits of the Wells/Barkerville area are hosted within meta-sedimentary rocks of the Upper Proterozoic-Paleozoic Barkerville Group which structurally underlies the Slide Mountain Terrane. Barkerville Gold Mines Ltd. (TSX-V: BGM) has published resources at Cow Mountain comprising: Measured + Indicated 1.04 million ounces gold grading 2.0 g/t Au and inferred resources of 3.94 million ounces grading 2.74 g/t Au. Additional but smaller resources occur at the Bonanza Ledge deposit which grades 7.0 to 8.0 g/t Au hosted in a massive pyrite lens. These massive pyrite lenses tend to occur on the flanks of vein systems.
The properties recently acquired share characteristics with the deposits in Barkerville such as quartz-iron carbonate alteration and an association with base metal sulphides, with peripheral zones of strong iron-carbonate alteration. Additionally, occurrences of well mineralized massive sulphide float indicates the strong potential for discovering Besshi type volcanogenic massive sulphide deposits.