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Targets Porphyry Molybdenum-Copper Deposit Location The XAMA mineral property is located in central British Columbia ~160km west of the City of

Prince George, 12km south of the resource (timber and mining) Village of Fraser Lake and ~21km southeast of the Endako Molybdenum Mine (largest molybdenum mine in Canada, operating since 1965). It is possible to work all year round in the area, as the summers are warm and reasonably dry, and the winters are not too cold, nor the snowfall too heavy to prevent any operations.

Access The Property has excellent access via a network of all-weather logging roads that connect to Highway 16 near the community of Lejac, ~2km east of Fraser Lake village. The topographic relief in the area is gentle which is typical of the BC Interior Plateau. Logging has been, and continues to be, very active in and around the XAMA area as one of the world’s largest sawmills is located at Lejac (Fraser Lake Sawmills, a division of West Fraser Mills Ltd.).

Land Ownership

The Property consists of seven BCMTO mineral tenures covering 3,579ha. Registered owners are John A. Chapman, Gerald G. Carlson, Garry D. Bysouth and Gary W. Kurz. The Property is available for Option.

Area History

1960s: The discovery of the Endako orebody and its development by Placer Development Ltd. as a large open-pit molybdenum mine attracted several major mining companies into the region including Anaconda American Brass Limited (1966), Amax Exploration Incorporated (1967) and Cyprus Exploration Corporation, Ltd (1970).

1966: Anaconda American Brass Limited, acquired mineral claims (Owl Group) on the south side of the Nithi River valley as a follow up on regional silt and water geochemical survey anomalies in molybdenum and copper. A soil geochemical survey was conducted whereby 262 mainly B soil horizon samples were collected over a large 600 feet by 400 feet grid. Sporadic highs in copper, molybdenum, lead and zinc were found but with heavy metal concentrations principally associated with swamps (see, BC Assessment Report No. 01002).

1967: Amax Exploration Incorporated, acquired claims (Gel Group) to the east of Anaconda’s Owl Group based upon successful water and silt geochemical surveys that yielded molybdenum and copper anomalies. McPhar Geophysics Limited was contracted to conduct an Induced Polarization and Resistivity Survey (IP) over much of the Property (see, BC Assessment Report No. 01107). Several induced polarization anomalies were defined at 300 feet dipole spacing. One line was repeated at 500 feet dipole interval showing the IP effects to be notably stronger – this suggests that more concentrated metallic mineralization occurs at greater depth. A large soil geochemical survey was conducted and 2,500 feet by 5,000 feet area of anomalous soils with higher than 10ppm molybdenum were defined in the western half of the grid. A zone of moderately anomalous copper-in-soils was obtained in the extreme east of the grid area. Bulldozer trenching in the metals-in-soils anomalies showed the glacial overburden thickness to vary from two feet to in excess of 15 feet (average 10 feet). Widespread molybdenite mineralization, and in places chalcopyrite, was found in Casey granite and basic volcanic rocks (see, BC Assessment Report No. 01108)

1968: Anaconda American Brass Limited (Owl Group), conducted deep soil sampling (three feet deep, sampled every one vertical foot) on 200 feet spacing to determine copper, molybdenum, lead and zinc contents (see, BC Assessment Report No. 01216).

1969: Mercury Explorations Limited (N.P.L.), acquired a large block of mineral claims (Count Group) between Nithi Mountain and the claim holdings of Anaconda and Amax. Twenty-four miles of induced polarization survey locate a 7,000 feet by 1,000 feet

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anomalous zone that trends in an east-northeasterly direction. Drilling is recommended in five holes (see, BC Assessment Report No. 02368).

1970: Cyprus Exploration Corporation, Ltd. acquired a very large group of mineral claims to the northeast of XAMA. The scope and results of their work is not well known as there was little to no public disclosure.

1974: The NDP government enacted Bill #31, an extremely punitive mineral Super Royalty. This action resulted in most of the major mining companies leaving BC, including those in the Nithi and XAMA exploration areas. Exploration drill holes that had been recommended were never drilled.

1990 to present: Local prospectors Garry D. Bysouth and Gary W. Kurz acquired the Skip Group of claims over areas originally explored by Anaconda and Amax. Several small exploration programs, including: prospecting, self-potential surveys, soil geochemical surveys and percussion drilling short holes were conducted to 2012. See BC Assessment Report No’s: 21587, 22061, 24798, 28350, 29601, 32400 and 33221.

2014: KGE Management Ltd. (Gerald G. Carlson, President) and John A. Chapman acquired a large block of mineral claims surrounding the Skip Group owned by Bysouth and Kurz. The two properties have been combined as the XAMA property.

Geology The XAMA property is underlain by granitic rocks of the Topley Intrusives that form a ~140 million year old batholithic complex, ranging from diorite to alaskite, some 300km long from Babine Lake to the City of Quesnel. This intrusive complex was emplaced between the Stikine and Cache Creek Terranes in an island arc-related magmatic event that continued into the Tertiary. It forms the Topley Porphyry Mineral Belt; host to a number of porphyry deposits and prospects (see maps below). Glacial direction at XAMA is from west to east.

Mineral-ization

Wide spread molybdenum and copper mineralization has been discovered by several historical operators within the Property that is some 99% covered with glacial till overburden.

Potential The Property is well located within a metal rich belt of the important Topley Intrusives, with a high potential for the discovery of a major porphyry molybdenum-copper deposit.

The XAMA property location has a significant infrastructure advantage in that grid electric power, mainline natural gas, mainline rail, provincial highways and the resource service center of Fraser Lake village are all within 15km of the Property.

Recom-mended Explor-ation

There are several drill ready targets based upon prior work. Three proposed 300 meter NQ drill holes have been spotted, each 500 meters apart, to test the main Amax IP anomaly.

The project would benefit from the new deep penetration Tipper EM (AFMAG) that works well in porphyry copper and molybdenum environments. This modern helicopter-borne survey, known as ZTEM is flown exclusively by Geotech Ltd. (see, http://www.geotech.ca/ztem)

Status The XAMA property is available for option. Contact John A. Chapman at 604.612.9438 (jacms1@telus.net) or Gerald G. Carlson at 604.816.3012 (gerrycarlson@gmail.com).

 

 

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