Efrem Specogna and his brother-in-law, John Trinco made the initial gold discovery of the Specogna (Babe) Gold deposit west of Port Clements on Graham Island. By 1979, a 2 million ounce gold deposit was defined by exploratory drilling by major mining companies, Cominco, Kennco Explorations (a subsidiary of Kennecott) and Quintana Minerals. A junior exploration company continued drilling the project and a gold rush ensued from 1979-1981. The Specogna gold deposit remains an unmined deposit with over 3 million ounces of gold and is categorized as an epithermal type gold deposit. Tranquille, Thompson, and Fraser Gold Rushes Gold discoveries are not reported in the journals of the early fur traders, and it became policy on the part of the fur companies to not advertise the presence of gold as the protection of the fur trade was the main corporate interest of their enterprise. Governor Etolin of Russian America expressly forbade news of gold discoveries as a serious crime against the state. Small quantities of gold were reported by traders in the 1830s and at some posts became current in local trading, though not common or in quantity. but Hudson's Bay Company policy, or the good judgement of the Chief Trader, kept news of such discoveries quiet until a large trove was brought into Fort Kamloops in 1856 by members of the nearby Tranquille tribe of the Secwepemc. When news of the find and a large poke of gold dust brought to James Douglas, Chief Factor of the Columbia Department at Fort Victoria and also Governor of Vancouver Island, decided to ship it to San Francisco for smelting. Some historians have suggested he did so deliberately to spread news of the gold find so as to provoke a gold rush so as to force Britain's hand on the status of the British mainland north of the 49th parallel, which since the Oregon Treaty had remained unincorporated and had remained solely the domain of the fur company and its native clientele. American miners had been appearing more frequently on British soil and Douglas felt he had to take action. Fraser Rush and the founding of the Gold Colony News of the finds in what was then known as New Caledonia hit California at a time of economic depression, when the gold fields were depopulated and many miners were in San Francisco, where the news hit like wildfire and overloaded steamers full of