PRELIMINARY STRUCTURAL INTERPRETATION OF 'IrlllE SNIP MINE:

The Snip mine, on the south side of the lskut River, is 70 kilometres east of Wrangell. Alaska, and 1 I O kilometres northwest of Stewart, British Columbia. The mine is jointly owned by Cominco Ltd. (60%) and Prime Resources Group Inc. (40%). Production began in January, 1991, at a rate of 360 tonnes per day. Gold-bearing quartz veins were first discovered by Cominco prospectors. Limited trenching on the showings in 1966 yielded mixed results and the claims were allowed to lapse. Cominco restaked the area in 1980 as the Snip claim group. Delaware Resources Corporation, now Prime Resources Group Inc., funded an intensive exploration program on the property between 1986 and 1990 as part of a joint venture agreement with Cominco (Nichols, 1989). The exploration program delineated a reserve of 960 000 tonnes at a grade of 28.5 grams per tonne gold (A. Samis. personal communication, 1991).