Silver Bay is 69 kms north of Silver Queen Mine
Silver Queen Mine
The Silver Queen property is located 69 km north of the Silver Bay property. It is underlain primarily by
dacites and dacitic andesites, likely part of the Upper Cretaceous-Eocene Endako Group (Tip Top Hill
Formation), and the Mine Hill microdiorite, a sill-like intrusion of Middle-Late Cretaceous age. The
volcanics and microdiorite have been intruded by dikes and sills of porphyritic felsite and basalt.
Approximately 20 mineralized veins have been discovered on the property. There are four main quartz
vein systems; individual veins are typically 0.9 - 1.2 m wide, but can reach widths of 4.6 m. The veins
NI 43-101 Technical Report on the Silver Bay Property, Jet Gold Corp February 10, 2012 Page 28
occupy northwest-trending fractures that cut all rock types and are suspected to be Early Tertiary (and
probably Eocene) in age (Hutter and Kirkham, 2011). Good gold and silver values are generally associated with chalcopyrite-sphalerite+/-pyrite+/-tetrahedrite+/-tennantite veins.
Underground mining took place from 1972-1973 during which 438,790 ounces of silver, 3157 ounces of
gold, 11.1 million pounds of zinc, 1.5 million pounds of lead, 0.9 million pounds of copper, and 34,769
pounds of cadmium were produced from the milling of 190,676 tonnes of ore.
Recognition of widespread alteration on the property suggested proximity to the buried source of
mineralizing solutions. Drilling in 2011 discovered the ITSIT porphyry copper-gold+/-molybdenum
system.