Property Description

The Porcher property is located in west-central British Columbia, in the Skeena Mining Division, approximately 38km south-southwest (straight-line distance) from Prince Rupert. The property is located on Porcher Island and is accessible year-round by float plane, helicopter, ferry or charter launch to Oona River (less than 5km from property), from Prince Rupert. Active barge-logging is underway within the project area, which has created a network of logging roads to the northwest and southeast allowing for low-cost exploration and development.

The property consists of 7 tenures covering 3122.16 Ha and is open for expansion in multiple directions. The Porcher property is located in a historic mining district. The high-grade gold Surf Point Mine, located on the northwest corner of Porcher Island approximately 9km from the Porcher Property, operated from 1919 through to 1939, before shutting down at the onset of WWII.

The property is host to two north-south trending gabbroic dykes hosting iron-titanium-vanadium (Fe-Ti-V) mineralization within massive titaniferous magnetite. The dykes are mapped at surface as being 5.2km x 1km and 4km x 0.6km. These dykes are coincident with a large magnetic anomaly identified in the Canada 200m Residual Total Magnetic field dataset. Limited sampling by McDougall (1961) was completed over these gabbroic bodies with concentrate results ranging from 0.3% to 1.5% Ti and 0.2% to 0.5% V (0.34% to 0.84% V205).

A report titled Vanadium Resources in Titaniferous Magnetite Deposits put out by the United States Geological Survey (Fischer, 1975), based on limited surface sampling work, estimated that a medium sized resource exists on Porcher island with an ore grade of >25% Fe, 2% TiO2, and 0.2-0.35% V205 with a magnetic concentrate grade of 60% Fe, 0.3-1.5% TiO2, and 0.3-0.9% V205.

The property is located on tide-water less than 39km from the Prince Rupert deep water port, which boasts the deepest main channel depth at a depth of 35m, and the shortest trans-pacific route travel time of 8 days to any North American west coast port, providing the property with ideal mine-to-market economics.

Porcher Property Maps

Locator

Regional Locator

Satellite Map Showing Claim Detail

Detail Claim Map Showing Geology

Detail Claim Map Showing Magnetics

Detail Claim Map on Satellite

Cautionary Notes

Note that these estimations precede National Instrument 43-101, are repeated for historical reference only, and are not to be relied upon. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or reserves; and the issuer is not treating the historical estimate as current mineral resources or reserves.  Nevertheless, the estimates were completed by competent individuals to the standard of the day, and are considered to be relevant to future exploration of the property.

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