The Fraser River Platinum property, located 3 km northwest of Lytton BC in an area known as the Van Winkle Bar, consists of 4 claim units covering 248 hectares (612 acres) along the Van Winkle Bar, and traversing 4.5 km along the Fraser River. Platinum and iridium are known to occur in the black sands of Van Winkle Bar. The source rocks are believed to be Carboniferous-Jurassic Cache Creek Complex volcanic and sedimentary rocks to the north, where the company has also staked claims. According to BC Open File 1986-7, the sands of the Van Winkle Bar have assayed up to 5681.1 grams (182.67 ounces) per tonne platinum.
On February 19, 2009, it was announced that gold had been discovered during the first phase of test excavations 400 metres northwest of the Van Winkle Bar along an old river channel situated 75 metres higher than the existing Fraser River channel. Prior to this there were no substantive indications of gold mineralization in the Fraser River deposit.
Initial reports from the site indicated that the first two test pits revealed visible gold in the black sands within two feet of the surface. The general matrix of the bench placer is described as having fine gold and platinum disbursed throughout the deposit, but at low concentrations. However, pay streaks within the general deposit are distributed in bands throughout the orebody, and are much more concentrated, especially closer to the original erosion channel. The orebody has been termed a "low velocity deposit," and a textbook example for carrying pay streaks at several depths and not just near the erosion channel.
The Rachel Property is located approximately 17 kilometres northwest of Salmo, British Columbia, and consists of 3 contiguous claim units covering 358 hectares (885 acres).
Previous exploration of the property as documented in Assessment Report 19021 has revealed a possible extension of the vein strike length of over 1100 metres and assays of up to 7.36 oz/t gold and 21.32 oz/t silver, with two notable and more recent samples documented in Assessment Report 24507 that assayed 24,523.50 grams (788.54 ounces) per tonne gold and 5706 grams (183.47 ounces) per tonne silver, respectively.
Source: BC Ministry of Mines MINFILE No 082FSW299, Assessment Report 19021, Assessment Report 24507
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