Kokanee Creek Gold Property

The Kokanee Creek gold property consists of three mineral claims covering approximately 1,590.29 hectares in the nelson mining division in British Columbia. It is located 18 kilometres to the east of Nelson on NTS map 082F055. The property is part of a very active mining area with several historical and current gold, silver and base metal deposits located in the region. Nelson is a historical mining town dating back to the discovery of the Toad Mountain silver deposit in 1886. The Blue Bell mine, located near the town of Riondel approximately 20 kilometres northeast of the Kokanee Creek claims, is a manteau-type base metal deposit hosted by the Badshot limestones of the Lardeau Group. Closer to the Kokanee claims are historical past producers the Molly Gibson and the Alpine.

Four Mineral Occurrences Documented Historically

  • Gold mineralization indicated in surface samples from historical work since 1979.
  • Subsurface gold mineralization discovered in drill holes.
  • Continuity of mineralized zones indicated through geological mapping, geochemical, and geophysical survey.
  • Past producing mines in the vicinity including the Molly Gibson and the Alpine deposits.
  • Historical production reported for the Molly Gibson Mine between 1909-1940 was at an average grade of 36.1 g/t Au and 15.3 g/t silver with recent exploration returning samples running up to 270 g/t Au.
  • Revived exploration on the Alpine deposit area has reported a 2018 inferred resource of 142,000 oz at 16.52 g/t Au using a cut-off grade of 5.0 g/t.

Cautionary Note: The information on nearby projects is taken from the publicly available sources. The Company has not been able to independently verify the information contained although he has no reason to doubt the accuracy of the descriptions. The information is not necessarily indicative of the mineralization on the Property, which is the subject of this property summary. Technical data pertaining on the web-site has been reviewed and approved by Afzaal Pirzada, PGeo, and is acting as First Energy’s qualified person under National Instrument 43-101.

 

2005 Airborne Geophysical Survey Identified Targets:

A 2004-2005, a high resolution 78-line -km Time Domain Electro Magnetic geophysical survey was flown over the Kokanee Creek Project. The survey revealed magnetic high features in the south western part of the property and two areas were flagged for further work with sampling at Anomaly A area returning a 5-metre chip sample that assayed 2.26 g/t gold.


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