Sterling Property, located eight kilometers north of Houston B.C., and Silver Ace, located south of Houston, were recently acquired by Roughrider Exploration Limited, a Canadian company that explores mineral resources.
The 4016 hectare Sterling Property and Silver Ace were selected based on geological factors that management of Roughrider Exploration Limited said make prospective metal deposits.
Roughrider Exploration Limited is a partner with Kivalliq Energy, who together explore mineral resources including the genesis uranium project located in Wollaston-Mudjatik northeast of the Saskatchewan Athabasca Basin, the bulk tonnage gold resource in the Iron Butte project in Nevada, and the acquistion of Silver Ace and Sterling Project in B.C.
“We are excited to be able to expand our mineral property inventory in the Houston valley area with a strong exploration opportunity like Sterling,” said, Scott Gibson, Chief Executive Officer of Roughrider. “It is also a great benefit to the company to be able to do so for the cost of staking only and with no third-party obligations. The combination of high in situ grades [Technically meaning “in place” this is an example of the presence of mineralization and is a reasonable basis point for further investigation.] at several vein occurrences and proximity to large scale mineralized systems with surrounding covered areas make Sterling a prime candidate for the application of modern exploration techniques to search for undiscovered mineralization.”
According to Roughrider Exploration Limited, the Sterling Property outside of Houston is situated within the Stikine terrane of central British Columbia, which encompasses intrusive rocks of the early jurrasic Topley, late cretaceous Bulkley, and the eocene goosly plutonic suites.
“There are three suites of plutonc intrusive rocks that are associated with mineralization in the area, [which] sometimes caused silver-copper-zinc-lead mineralization or copper-molybdenum-gold-silver mineralization,” said David Tupper, vice president of Rough Rider Exploration Limited. “
Roughrider Exploration Limited said that they are investigating the acquisition of additional properties in the region, either through staking or earn-in agreements.
This means that Roughrider Explorations Limited does not have to make payments to anyone for the claims.
“Exploration plans for Sterling, Silver Ace and other area projects, if acquired, will be reported when compilation and interpretation of historic and regional results are completed,” said Roughrider Explorations Limited.
On Dec. 5, 2017 Roughrider Exploration Limited also announced that work programs have started already on the Sterling Property and at Silver Ace. This geophysical survey is contracted by SJ Geophysics Ltd. from Delta B.C., which will cover exploration on the silver-copper quarts vein on the Sterling Property, and at Silver Ace exploration will be focusing on identifying possible east to west vein structures in the area.