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.