The Tulameen Platinum Project is located along a 5 km stretch of the Tulameen River and Britton Creek, near the
village of Tulameen and approximately 21 km
west-southwest of Princeton BC. During the late
1800’s, the Tulameen
District was the most important producer of platinum in North America. Platinum was recovered with the placer gold from the
Tulameen River and her tributaries, including Granite, Cedar, Slate, Britton and Lawless Creeks. The platinum occurred as a
fine, hard, silver-white lustrous metal with a high specific gravity in the sluice boxes and gold pans, along with the gold
and heavy concentrations of black sands (magnetite and chromitite). In some areas there was more platinum than gold in the
concentrates, and platinum nuggets up to 0.5 ounces were reportedly found.
BC Assessment Report 27009 details extensive analysis of the Tulameen Platinum Project in 2001,
and records significant platinum mineralization in several locations. In one area above the north bank of the Tulameen River
known as Grasshopper Mountain and adjacent to the company's "D" prospect, five zones of narrow discontinuous mineralization
were sampled which returned values up to 15
grams per tonne platinum across a 1.8 meter channel sample width. Three more areas contained discontinuous bands of
chromitite segregations with high platinum values over significant widths. A channel sample returned an assay of 7.78 g/t
platinum over 3.5 meters including 10.17 grams per tonne platinum across 2.0 meters in chromitiferous dunite. Assay results
for chromium were very high, ranging from 8.67% to 24.97% chromium. The best sample in one zone ran 15 g/t platinum,, 5.55%
chromium and .03 g/t palladium, while another returned significant platinum values of up to 30.89 grams per tonne over 3.05
meters. In addition, sampling of two historic quarries obtained values ranging from 8 to 64 grams (2.06 ounces) per tonne
platinum. Three gold anomalies were also identified on the eastern half of the property, with gold values in soils ranging up
to 1.24 g/t.
According to BC Assessment Report 17170, the “D” prospect has assayed up to 6.7 grams per tonne platinum, and has three
primary zones of mineralization. One area known as the South Zone assayed approximately 1.4 grams per tonne platinum on
opposite ends of the zone, with the zone length extending approximately 1000 meters (0.62 miles). The Ridge Zone has assayed
up to 1.45 grams per tonne platinum over a strike length of 150 meters and a width of 50 meters. The Creek Zone has assayed
up to 4.4 grams per tonne platinum, extends along 600 meters (0.37 miles), and is 60 meters wide.
Three kilometres due east of the main zones and adjacent to the eastern border of the property the Company's claims include
the H&H showing on Hines Creek, 1.1 kilometres southeast of the creek's confluence with the
Tulameen River and 7.5 kilometres west-southwest of Tulameen BC. According to MINFILE 092HNE205, a grab sample from the H&H
analysed 3.6% copper, 0.066 grams per tonne gold, 17.1 grams per tonne silver, 0.247 grams per tonne platinum, and 0.730 grams
per tonne palladium (Assessment Report 17280, page 9, sample W461). A quartz vein, up to 10 centimetres wide, outcrops 50
metres to the south. A grab sample of this vein assayed 0.810 gram per tonne gold and 0.025 grams per tonne platinum
(Assessment Report 17280, page 9, sample W637).
Ten kilometres southeast of the Tulameen River, the Company also owns 2,127 contiguous acres along Newton Creek
covering the Newton Creek Platinum showing, and directly adjacent to the Company's Granite Creek Platinum property. According
to MINFILE 092HSE159, the Newton Creek Platinum showing features a greenstone dyke, approximately 18 metres wide, and
mineralized with copper sulphide veins over about 0.3 metres. A sample of the sulphide assayed 8.6 grams of platinum per tonne
(Geological Survey of Canada Economic Geology Report No. 13, page 93). Included in this claim group is a 50 acre placer
claim covering the Newton Creek Gold-Platinum Placer (MINFILE 092HSE232)
In addition to the precious metals indicated, prospecting work on the Newton Creek Platinum claims in 2007 and documented in
BC Assessment Report 29903 revealed anomalous indications of vanadium and rare earth elements (REE). The report contains lab
assays from 7 samples that show vanadium grades of up to 2,540 ppm vanadium (0.45% V2O5), 53.3 ppm cerium, 35.3 ppm neodymium,
28.5 ppm lanthanum, and 46.9 ppm yttrium. The table below shows the best composite results of all REE’s and related minerals
from the 7 samples.
| Name | Symbol | PPM |
|---|
| Lanthanum | La | 28.50 |
| Cerium | Ce | 53.30 |
| Praseodymium | Pr | 7.38 |
| Neodymium | Nd | 35.30 |
| Samarium | Sm | 7.66 |
| | | |
| Europium | Eu | 2.18 |
| Gadolinium | Gd | 8.26 |
| Terbium | Tb | 1.30 |
| Dysprosium | Dy | 8.10 |
| Holmium | Ho | 1.60 |
| Erbium | Er | 4.94 |
| Thulium | Tm | 0.64 |
| Ytterbium | Yb | 4.45 |
| Lutetium | Lu | 0.56 |
| Yttrium | Y | 46.90 |
| | | |
| Vanadium | V | 2540.00 |
| Strontium | Sr | 1545.00 |
| Titanium | Ti | 29500.00 |
| Gallium | Ga | 23.00 |
| Cesium | Cs | 3.84 |
| Rubidium | Rb | 145.00 |
| Beryllium | Be | 0.70 |
| Lithium | Li | 10.10 |
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