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eward368

03/21/12 11:47 PM

#14945 RE: 49erminer1 #14930

Mr. McFarland, since you brought up the companies, can you explain what US Borax, Silver Standard,FMC Gold and others did think of this claim. Sure they looked at it, punched a hole or two but never stayed.

Oct. 1974 to July 1975
Silver Standard
Mines Ltd. (SSML)
SSML as lessee. Hanna Mining Co. optioned property and funded drilling of two holes totaling 2018
feet.

July 1976 to Sept. 1976
Quintana Minerals
Inc.
Obtained lease from SSML and drilled six holes from two locations south of Excelsior mine workings.
Silver Standard option expired in 1977.

1977 to 1984
Pacific Coast Mines
Inc. (PCMI), a wholly
owned subsidiary of
U.S. Borax and
Chemical Co.
PCMI acquired an option from McFarland and a special-use permit from the USFS for exploration and
conducted geologic mapping, geochemical and geophysical surveys, and diamond-drilled 45 holes
totaling 15,214 feet. PCMI’s combined total of 54 claims included the Wells Creek group (10) and
TAH group (44). Hardin and others staked 22 claims known as the “Porphyry” group to the east of and
partially overlapping the Wells Creek and TAH claims.

1984 PCMI
Nooksack Mines Inc., a wholly owned subsidiary of Steelhead Resources Ltd., entered a joint venture
agreement with PCMI, wherein Nooksack would be the operating entity.

1985 to July 1990
Steelhead Resources
Ltd.
Steelhead continued road building for drill sites and geologic interpretation of previous drill results.
In 1987, North American Metals Corp. of Vancouver, B.C., (a wholly owned subsidiary of Homestake
Mining Co.) acquired a 35 percent interest in the Excelsior property. Sixty-one reverse circulation drill
holes were completed in 1987, totaling 24,776 feet. Nooksack Mines Inc. acquired the Porphyry claim
group via lease/option in 1987.

Aug. 1989 FMC Gold Inc.
Steelhead and FMC entered agreement for FMC to perform an overall evaluation and feasibility study
on the property. Results unknown.

July 1990
Steelhead Resources
Ltd.
Terminated exploration activity.
Jan. 1991 Stanford Metals Ltd. Nature of agreement with Excelsior Mining Co.