Raven Property

The Raven property is located 18 kilometres (km) east-northeast of Princeton in south-central British Columbia. The claims are 1 km west of the summit of Raven Mountain and 4 km north-northeast of the confluence of Steven Creek with the Similkameen River. The block is comprised of ten (10) claims covering an area of 2,539 hectares (6,273 acres).

The Raven claims are underlain by Nicola Group volcano sedimentary rocks of Upper Triassic age. The Raven comprises vein hosts lead, zinc, silver and gold mineralization in a roof pendant of volcanic rocks and sediments of the Nicola Group in the northern margin of the Bromley batholith.

Exploration work has been carried out on the property since 1934. Galena and sphalerite are exposed in a series of shafts, trenches and outcrops in an area extending north along the west side of Raven Mountain for up to 1400 metres. Samples reported from 1934 assayed 1.4 to 6.9 grams per tonne gold and 100 to 1200 grams per tonne silver.

Adco Silver Mines Ltd. completed a magnetometer survey in 1970. Coynex Development Ltd. conducted additional magnetometer surveying, in conjunction with geological mapping, soil sampling and stripping in 1972.

In 1994 a rock sampling and mapping program was carried out on the property. Gold, silver, lead and zinc mineralization consisting of massive galena-sphalerite and lesser chalcopyrite-pyritemagnetite occurs as discontinuous lenses to 0.5 m thick subparallel to bedding. Mineralization also occurs as fracture fillings and fine disseminations.

Previous work in 1934 assayed 21% lead and 5% zinc in a grab sample. Rock sampling in 1994 returned values as high as >2% Zn, >50 ppm Ag, 1600 ppb Au and 2700 ppm Pb. These samples were collected from the area of old workings.