The Whipsaw Gold-Silver-Lead-Zinc-PGM Property is currently available for acquisition by a company or investment group. The property is about 15 km SW of the producing Copper Mountain Mine outside of Princeton, BC, Canada.
The property totals approximately 2,450 hectares (6,050 acres) including 7 Crown Grants (patented claims)and is part of a larger 10,000 acre property which is also available separately, or together with this one. There has been previous limited high grade production at several locations on the property. Previous drilling has encountered relatively high grade mineralization at shallow depths. There is good indication of a large zone of gold/silver mineralization with good potential for a low cost open pit operation.
A 43-101 compliant report is available. With some additional development work the property could be joint ventured with a major company, sold or developed to production.
We are entertaining the best offer in excess of $3 million for a 100% interest subject to a 3% NSR. The initial downpayment required is at least $1M, with at least $1M more payable in the second quarter of 2016 and the balance in the first quarter of 2017.
We would consider vending this into a public company in return for stock if that company is well-established with a highly-liquid stock.
We are only interested in dealing with principals or a direct contact of a principal who is able to make a buying decision and has the funds available to complete a deal.
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