Ruby Red’s Gold and Base Metal Potential
The East Kootenay Gold Belt
The East Kootenay Gold Belt is a metal-rich region with strong potential for three main deposit types: lead-zinc-silver as sedex and vein deposits, gold as intrusion-related and structurally controlled deposits and sedimentary copper deposits.
The region has a rich and varied mining history. The Sullivan Mine, recognized as a sedimentary exhalative deposit (Sedex), was one of the world’s largest lead-zinc-silver producer in the area for many decades. In addition to the Sullivan Mine, significant gold has been produced from three major placer sources within the area.
Ruby Red Resources – Land Position and Mineral Potential
Ruby Red Resources is focusing exploration activity in the metal-rich East Kootenay Belt of British Columbia. Currently, Ruby Red holds 100% working interests in 163 claims all in good standing in various properties and all with gold and base metal potential. These claims, all within approx. 80 km of Cranbrook, are in four main blocks located in the Purcell and Rocky mountain areas of the TRFort Steele Mining Division of British Columbia.
Ruby Red’s property has been acquired primarily for the gold potential. Using exploration work done by Placer Dome (Barrick), Cominco (Teck Cominco) and others, Ruby Red has now documented larger scale patterns for mineralization and new exploration models for gold deposits including structurally-hosted gold with similarities to Nevada gold deposits and intrusion-related gold as in the Tintina Gold Belt in the Yukon and Alaska.
Ruby Red believes that it has defined the Kimberley Gold Trend ("KAT"), an area estimated to be 30 km wide and more than 100 km long where Ruby Red has a significant property position. The KAT cross-cuts the southern Purcell Mountains, from southern Kootenay Lake to the Rocky Mountains east of Kimberley and Cranbrook, British Columbia. The Kimberley Gold Trend contains more than 100 gold-quartz and polymetallic vein occurrences; a concentration not matched north or south of the trend, as well as several placer gold deposits with a cumulative production of more than 1.5 M oz.
In 2006, the Ransom Report (NI 43-101 compliant, March 2006) and Walker Report (NI 43-101 compliant, April 2005; revised February 2006) were completed. These reports detailed the exploration potential of The Rockies, The Purcells and The Vine properties for four styles of mineralization:
- structurally controlled gold mineralization
- intrusion-related gold mineralization
- porphyry copper-gold mineralization, and
- sandstone-hosted copper deposits.
Both reports recognized the potential of the respective properties and recommended additional exploration.
Refer to the Areas of Activity section of this website for more detail and exploration results.