TEDDY GLACIER

The Teddy Glacier property is composed of a block of mineral claims covering 2,000 hectares, approximately 5,000 acres, located 40 km southeast of the town of Revelstoke in British Columbia.

The Company commissioned a geological report on the Teddy Glacier property by J. T. Shearer, M.Sc., P.Geo. The report has recommended a $280,000 Stage 1 bulk sample program to characterize mining conditions and milling parameters and a contingent Stage 2 $300,000 diamond drill program to identify resource areas.

Five samples of mineralization from the property collected in 2004 assayed from .082 to 1.88 oz/ton gold, 7.23 to 22.9 oz/ton silver, 8.86% to 27.5% lead, and 5.11% to 22.1% zinc.

In September 2009 the Company acquired eight existing mineral claims adjoining the Teddy Glacier Property. The claims are accessible and have good exploration potential. The claims cover part of the Lardeau mineral belt and contain the historic "Agnes" and "Burniere" showings. The showings contain gold, silver, lead, and zinc.

Link to Teddy Glacier Technical Report (NI 43-101)

Link to BC Geological Survey MINFILE

 

SPIDER MINE

The Spider Mine is located close to the abandoned town site of Camborne BC. The Spider property is comprised of 17 Crown granted mineral claims. The Company also owns in fee simple two large adjoining acreages one of which includes the abandoned town site of Camborne.

The Company has released a NI 43-101 compliant Technical Report on the Spider Mine.   The report can be viewed on SEDAR.  The report has recommended a $1,205,925 program of surface drilling, underground diamond drilling, and drifting.

The report dated April 2, 2008 was prepared by J. T. Shearer, M.Sc., P.Geo,  an independent consultant for the Company who is the Qualified Person as defined by NI 43-101.

The Spider Mine is located on the Company’s crown granted lands and was brought into production in 1952 and continued operations until 1958.  Total production to the end of 1958 was 371 kilograms of gold, 53,481 kilograms of silver, 85 tonnes of copper, 10,845 tonnes of lead, 11,519 tonnes of zinc, 60 tonnes of cadmium and 4 tonnes of antimony from 128,063 tonnes of ore with a recovery grade of 0.086 oz Au/ton, 12.2 oz Ag/ton, 8.6% Pb and 9.14% Zn.  This vein was developed from surface to a depth of 200 metres.  Mineralized material, of grades similar to what was mined previously, was intersected in drilling an additional depth of 70 metres below this level.

Link to Spider Property Technical Report (NI 43-101)

Link to BC Geological Survey MINFILE

 

BURNIERE

 

The Burniere Property is located near the headwaters of Scott Creek, on the east slopes of Mount McKinnon (Comaplix Mountain) and consists of 8 claims covering 632 hectares adjoining the Teddy Glacier Property. The claims cover part of the Lardeau mineral belt and contain the historic “Agnes” and “Burniere” showings. The showings contain gold, silver, lead, and zinc.


Free Gold, galena, chalcopyrite and tetrahedrite occur in a white quartz vein, up to 1.5 metres wide, striking 300 degrees, dipping 80 degrees southwest. The vein cuts a greenstone dike which has been altered to rusty weathering carbonate rock and contains green chromium mica. The dike occurs in phyllites of the Lardeau Group. Gold tends to be concentrated on fracture surfaces associated with the chromium mica. Faults cut the vein, which has been traced for 120 metres.


The Burniere showing contains visible gold, associated with bright green fuchsite in a 20-200cm wide white quartz vein on the flanks of Comaplix Mountain. Two short adits plus some trenching was done on the property in the early 1910’s.  Despite some encouraging gold values 10.29 g/tonne (0.3 oz/ton) gold  from surface and 67.54 g/tonne (1.97 oz/ton) gold over 80cm taken underground as sampled by B. Taylor, P.Eng. in 1983, little exploration has been done.  Trenching along the strike was done in the past for a length of 75 metres, with some additional prospect pits beyond.  Two short adits were driven with an elevation difference estimated to be about 20 metres.  The wall rocks are laminated siliceous phyllites, with some black to brown weathering carbonate.  The vein material at the Burniere is essentially white quartz with variable but subordinate amounts of carbonate and sericite.  Very little pyrite is present.

The Agnes showing comprises galena-sphalerite-chalcopyrite veins hosted in Cambrian to Devonian Lardeau Groups (Index Formation) phyllites.