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| Cariboo Gold Quartz Mine Property During the period 1933 to 1959 the Cariboo Gold Quartz Mine (Gold Quartz) produced 626,755 ounces of gold from 1.68 million tons of ore, average grade 0.39 ounces/ton gold. The Gold Quartz Mine has 36 miles of underground development on 13 levels. Production ensued from a mineralized trend extending over a strike length of 10,000 feet and a vertical range of 1,500 feet. Nine mineralized zones are associated with the historical production. From the property boundary at the Jack of Clubs Lake to Richfield Mountain, the zones are named The Tailings, No. 1, Rainbow, Sanders, Pinkerton, Butts, No. 6, No. 7, and the BC Vein. Unexplored areas remain within the developed mine trend. After the Cariboo Gold Quartz Mining Company bought the Island Mountain Mine from Newmont Mining in 1954, higher grade replacement ore on Island Mountain became a priority. The Gold Quartz mine closed in 1959 without fully evaluating the potential for replacement ore south of Jack of Clubs Lake. The open pit potential of the Gold Quartz Mine was targeted in the early 1980s. Exploration by Wharf Resources in 1980-81, and Pan Orvana Resources in 1988-89, consisted of trenching, surface diamond drilling, and surface percussion drilling. Pan Orvana estimated a near surface resource of 1.1 million tons of ore grading 3.97 grams/ton gold (0.12 ounces gold per ton), utilizing a 1.0 gram/tan cut off grade, in the Sanders Zone. This equates to approximately 132,000 ounces of gold in place. The objective of the current drilling program is to find other zones of gold mineralization that can be mined from surface, and to continue exploring the Rainbow-Baker Contact underground. The potential for Pyrite-type ore within the Rainbow-Baker Contact was not fully explored at the Gold Quartz Mine yet was the mainstay of Island Mountain Mine. The program includes grid style diamond drilling within the mine trend. Management wishes to increase reserves before commencing feasibility. An open pit mine as contemplated will be contained on a fraction of the Company's property held in the Cariboo Gold Project. Island
Mountain and Mosquito Creek Gold Mines Based on records of both mines, the potential to find new mineable reserves is considered encouraging. Pyrite-replacement ore in amounts equivalent to that mined probably exist within the Rainbow-Baker Contact. While the Mosquito Creek Mine is a permitted mine, the Company intends to erect a new concentrator and mill, for the surface open pit areas under consideration. Prior to closure of the Island Mountain Mine, in 1966, mining was in the lower levels, 800 feet below the bottom of the Mosquito Creek Mine. Replacement-type gold mineralization shows continuity in the plunge direction. Opportunity also exists for open pit type mineralization similar to that identified in the Sanders Zone in the Gold Quartz Mine. |
Flythroughs Cariboo.mov |