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Tulameen Platinum Project
Platinum, Palladium, Rhodium, Gold, Silver, Vanadium, REE

Reports: 2013 Prospecting Survey and Assessment Report - Sep 29, 2013

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 1800s, 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 REEs 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

Sources: BC Assessment Report 27009BC Assessment Report 17170BC Assessment Report 29903 BC MINFILE 092HNE128BC MINFILE 092HNE207BC MINFILE 092HNE205BC MINFILE 092HSE159BC MINFILE 092HSE232 
Analysis of PGE Mineralization in Tulameen District