This property is located in SW British Columbia in an established mining area with easy road access to Vancouver and nearby infrastructure. Limited high grade production took place on portions of this property in the early part of the 20th century. There should be no problems with permitting or environmental/community relations. A current 43-101 report is available along with numerous reports on past work.
Silver assays in old workings have run as high as 150-325 oz/t. Significant drilling has been done in the past by a number of recognized mining companies. Diamond drill results from only two of those holes have shown 0.05 oz/t gold and 2.69 oz/t silver over 34 ft in one hole and 0.025 oz/t gold and 1.43 oz/t silver over 60 ft in another hole going to 200 ft depths. Close-spaced testing on an area of 2000 x 4000 meters (approximately 2,000 acres) has shown consistent surface gold and silver mineralization. Many samples show ore grade material on surface including over 10 gpt (0.32 oz/t) gold and over 200 gpt (6.4 oz/t) silver. Additional drilling will be required to prove up actual reserves however the geology of the area indicates that the mineralization should go to significant depths. Based on the work done to date, it is possible to make some reasonable estimates. Assuming a higher grade zone of only 200 x 4000 meters within the above surface tested area and only 0.7 gpt (0.0225 oz/t) gold and 15 gpt (0.48 oz/t) silver to a depth of 30 meters (100 ft), there could easily be 75,000,000 tons of mineralization in that smaller zone alone, holding 52,500,000 grams (1,690,000 oz) of gold and 1.125 B grams (36,00,000 oz) of silver. Actual tonnage and grade could be substantially greater
We are open to outright sale or a reasonable JV arrangement. The price is negotiable based on the deal structure but would be in the range of several million dollars. This could be a great opportunity for a public company looking for a world class flagship property.
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