TEXADA ISLAND MINING PROJECTS

The Yew Property is centered approximately 1/2 mile (0.8 km) south of the town of Vananda.

On the Yew 7 claim, a thin 10 foot (3.3 meter) limestone tabular bed sandwiched between andesite or basalt flows has been delineated containing massive pyrite, chalcopyrite and magnetite. This gold-copper skarn deposit in the replaced limestone occurs within sheared altered volcanics; adjacent to dioritic instrusives.

The mineralized skarn zone ranges in width from 8 inches to 6 feet (0.2 to 1.8 m) and has been drill tested over an area of 5.9 acres (2.5 ha.).

Recent trenching programs have defined 2 wide vertical shear zones which leaves the Yew deposit open at depth and along strike. The first shear zone intersects the above skarn zone and is approximately 10 to 16 feet (3 to 5 N) wide. Surface grab samples collected within or adjacent to this shear zone average 0.47 oz./ton gold (16.1 g/t gold). The second shear zone is 490 feet (150 H) west of the first and is approximately 95 feet (30 M) wide. Surface grab samples average 0.05 oz./ton gold (1.7 g/t gold) with the highest assay being 0.12 oz./ton gold (4.1 g/t gold). In the near future, a surface drill program is planned to delineate and increase the skarn ore reserves and to test the continuity of both shear zones along strike and at depth. In addition a program will be carried out to identify other drilling targets on the 14 claim property.

The Project has completed an IP (Induced Polarization) Survey on the Yew Pit. The results were extremely positive with the delineation of an ore-body beginning on surface to a depth 200 meters. The approximate size of the ore-body is expected to be approaching Twenty (20) million cubic meters. 

This property consists is centered approximately 1.5 miles (2.4 km) west of the town of Vananda.

Gold and silver mineralization is associated with graphitic shear zones along limestone - volcanic contacts and pyrite rich quartz veins hosted in volcanics. Trenching, diamond drilling and bulk test sampling of the Bolivar deposit revealed numerous spectacular "streaks and stringers" of free gold in graphitic shear zones. One diamond drill hole across the zone returned a 1 foot (0.3 m) intersection assaying 20.84 oz./ton gold (714.5 g/t gold). A bulk sample shipment from the Majorie showing of 25 Tons (23 Tons) in 1916 produced $6,500 in receipts from 314.5 ounces (9.78 kg) of gold recovered, equivalent to a grade of 12 oz./ton (411.4 g/t) at the then prevailing bullion price of $20.67 an ounce.

This property is situated on the extreme northern end of Texada Island, extending across its entire width. 

The primary exploration target is the occurrence of gold-copper skarn mineralization in limestone associated with both the adjacent volcanic and dioritic intrusives.

Two underground mines, the Paris and Loyal, operated for short periods at the turn of the century. Two surface grab samples from the "Paris Trench" in 1989 assayed 0.41 and 0.38 oz./ton (14.1 g/t and 13.0 g/t) gold. Diamond drilling on the Paris zone by Echo Bay in 1989 intersected several zones of interest including a 5 foot (1.55 meter) interval assaying 0.83 oz./ton (28.5 g/t) gold and 10 foot (3.1 meter) interval assaying 0.23 oz./ton (7.9 g/t) gold.

This property is located approximately 2.5 miles (4.0 km) southwest of the town of Vananda.

Precious and base metal mineralization occurs in quartz and quartz - carbonate veins containing variable sulphide content associated with narrow shear zones.

In 1986 a shallow diamond drill hold on the "Silver Tip" shear zone assayed 0.51 oz../ton (17 5 o/t) gold over 1-2 feet (0.37 meters). During the same period a drill hole on the "Nancy Bell" showing intersected a 1 foot (0.30 meter) shear zone assaying 1.98 oz./ton (68.0 g/t) gold at a shallow depth.

The property is located approximately 2 miles (3.2 km) south of the town of Vananda.  Gold mineralization on the property is associated with pyritic quartz - calcite veining within volcanics and zones of intense shearing. Old records indicate a 100 ton (91 Tons) bulk sample from the "Holly Pit" assayed 1.0 oz./ton (34.3 g/t) gold. In 1914 two Tons (2.2 Tons) of ore shipped from the Gem Mine averaged 12.9 oz./ton (387 g/t) gold and 4.0 oz./ton (137 g/t) silver.

The property is located along the West Coast of Texada Island approximately 4 - 5 miles (7.2 km) northwest of Gilles Bay.

Gold-copper mineralization occurs in quartz veins and related narrow shear zones. Historical records indicate production from the Retriever Mine during the 1916-17 period was 9 ounces (280 g) of gold, 310 ounces (9640 g) of silver and 25,040 pounds (11,360 kg) of copper from 368 tons (334 Tons) of ore treated. 

 The 9790  Project deposit is located on the east bank of the Lillooet River about 6.5 kilometers north of the delta. It is identified with a recent terrace formed by alluvium from the Lillooet River. During post glacial time the plain of the valley rose with the terraces and the river gradually established its proper bed in the detrital, sand and gravel. 

A narrow valley was formed, blocked on one side by the wall of the terrace and on the other by the steep slope of the Coast Range Mountains. The elevation difference between the river bed and terrace surface is about 60 - 70 meters.

The terrace surface  is imprinted with at least 3 funnel or vortex like depressions, believed to be formed at the end of the last glacial period, one of which is the area of current activity. 

The vortex structure has a diameter of approximately 300 meters with an extension of 12 hectares and is 25 meters deep. Clay and silt layers ore intercalated between cobble and boulder beds. Gold is distributed throughout the structure and black sands are also present.

The present pit on Project 9790 is the largest and central vortex of three identified to date. The bedrock platform is inferred 35 -40 meters below the present pit bottom. Another less prominent one to the south is flatter and has a measured diameter of 400 meters. 

A number of other bar like gravel terraces have been investigated on MRG's property holdings between Project 9790 and the outlet of Lillooet Lake 10 kilometers up stream. These terrace areas are located at higher elevation along both valley flanks, are auriferous and have similar boulder suites. 

Pyrite is present in these upstream deposits whereas it is absent on Project 9790 and the delta area.

Recovered Grade

Gold 3.0 gm/ton

Silver 1.0 oz/ton

Platinum 0.2 gm/ton

Magnetic Concentrate 30 kg/ton

Ore Reserves 

The indicated ore reserves to a depth of 25 meters have been calculated at more than 100 million tones containing recoverable values of gold, silver, platinum and magnetite. Results suggest that the deposits precious metals values may increase with depth and is open below the 25 meter level. Project 9790 could provide a long term source of feed for the Company's proposed 6,000 ton per day facility.

 Gold has a least four significant modes of occurrence. These are: in nugget form, associated with tellurides, sulphosalts and interlocked in magnetite and along its fractures. Sliver, platinum, palladium, and zircon are the chief elements in the auriferous sands. These metallic particles range in size 0.0750 to almost 0.215 millimeters. The gangue minerals consist of quartz which is the most abundant while the feldspar suite minerals are subordinate. Hafnium and other rare earths including yttrium and lanthanum have widespread distribution in the mineral sands. The indicated ore reserves are more than 100 million tonnes for the DELTA I PROJECT contains recoverable values of gold, silver, platinum, rare earths and magnetite.

Recovered Grade 

Gold 3.0gm/ton 

Silver 0.5oz/ton 

Platinum 0.2 gm/ton Magnetic Concentrate 30kg/ton 

Recoverable RARE EARTHS with great potential for commercial uses: over $500+ per ton .

 The Fire Creek placer mineral titles group lies at or near the mouth of Lillooet River, where the river forms a delta at Harrison Lake. 

The mineral titles lie northwest of Indian Reserve No. 8, encompassing the main drainage channel of Lillooet River, including the lower reaches and mouths of Fire Creek and Sloquet Creek, as they empty into Lillooet River. The company maintains a permanent base camp at the head of Little Lillooet Lake, which has been used in the past as a base of operations for sample testing of their placer mineral title holdings.

 The Fire Creek Project occurs along the northeast side of Fire Creek, 1.5 kilometres west-northwest of the confluence with the Lillooet River. A zone of strong sericitic alteration, chalcedonic silicification and heavy pyritization is developed in interbedded andesitic tuff, feldspar crystal tuff and sericite-chlorite schist. The sequence is part of the lower member of the Early Cretaceous Brokenback Hill Formation, Fire Lake Group. 

Mineralization consists of 20 to 40 per cent disseminated and stringer sulphides, with veins up to 20 centimetres in width. Sulphides consist mainly of pyrite and pyrrhotite, minor chalcopyrite, sphalerite and arsenopyrite, and trace bornite, acanthite, pyrargyrite and native copper. Less altered lithologies, around the periphery of the zone, contain up to 15 per cent in disseminated and bedded sulphides which mainly comprise pyrite, pyrrhotite and minor chalcopyrite. The alteration zone is cored by a hydrothermal breccia, exhibiting intense argillic-potassic clay alteration, containing with 20 to 40 per cent disseminated and stringer pyrite. Quartz veins, up to 50 centimetres in width and containing less than 5 per cent sulphides, are found throughout the alteration zone. 

A chip sample taken across 2.0 metres contained 10.0 grams per tonne gold (George Cross News Letter #26, 1988). Drill core samples assayed up to 5.93 grams per tonne gold and 9.4 grams per tonne silver over a 1.5 metre core length (Assessment Report 17508, p. 18). 

  Gold has a least four significant modes of occurrence. These are: in nugget form, associated with tellurides, sulphosalts and interlocked in magnetite and along its fractures. Sliver, platinum, palladium, and zircon are the chief elements in the auriferous sands. These metallic particles range in size 0.0750 to almost 0.215 millimeters. The gangue minerals consist of quartz which is the most abundant while the feldspar suite minerals are subordinate. Hafnium and other rare earths including yttrium and lanthanum have widespread distribution in the mineral sands. The indicated ore reserves are more than 100 million tonnes for the DELTA 2 PROJECT contains recoverable values of gold, silver, platinum, rare earths and magnetite. 

Recovered Grade 

Gold 3.0gm/ton 

Silver 0.5oz/ton 

Platinum 0.2 gm/ton 

Magnetic Concentrate 30kg/ton •Recoverable RARE EARTHS with great potential for commercial uses: over $500+ per ton 

The presence of gold in alluvium for approximately 50 km from Tuwasus Creek to Harrison Lake suggests elevated gold concentration near bedrock may occur over this area. The size and distribution of the gold particles by panning and sample analysis does suggest a greater size and concentration occur near bedrock. The alluvium of the southwest side of the Lillooet River contains gold as specs, flakes and locally up to 750 mg nuggets in bedrock cracks. Gold also occurs in material near surface, but of a much finer grain size. Most of the tributaries draining the Lillooet River contain 75th to 95th percentile gold and many contain 95% percentile copper in sediment, according to B.C. government Regional Geochemistry Survey.

The Tuwasus Project has started  production