~122- at th> contact of porphyry from which it has most probably been derived there is nothing to suggest the probability of better. ore being found elsewhere. The placer gold has been formed by the weathering of the altered rock, which decomposed very readily and the values found in the placer deposits also offer some clue to the values likely to occur in the deposit. To the east, at the head of the canyon, the deposit is overlain by Tertiary lavas which are definitely younger than the mineralization, and dip eastward so as to cut off any possible extension at or near the surface in this direction. The older volcanics are mainly grey and green, massive andesites and tuffs. Quartz-feldspar porphyry in the canyon section can be recognized mainly by the presence of rounded quartz phenocrysts and less commonly feldspar phenocrysts. In places neither is visible. Some dykes of similar and different porphyries, all probably related, occur beyond the altered zone where they are readily recognizable by their light grey or pink colour. They are generally considerably altered. The volcanics and porphyry in the deposit area are altered to a light grey, very rotten material made up of quartz, sericite, and mica, or in some places to a hard material made up largely of quartz. The altered zone is exposed for over 1,500 feet in the canyon and southward, on the Ruby group and in other exposures, to the showings on the Ark property on Back river one mile above the bridge. Beyond this zone, especially on Bob ereek and on Buck river below the creek, there are narrow, altered zones where the green, unaltered volcanics can be seen grading to the light grey, altered material, which borders dykes, mineralized stringers, and fractures along which mineralizing solutions moved. The extent of alteration is not always greatest where the largest and most abundant stringers occur, but in general the highly altered sections are probably the best mineralized.