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Property Description and Location
The Treasure Mountain Property is situated 30 km east of Hope. and 150 km east of and 3 hours drive from Vancouver, British Columbia.. The Project is adjacent to Nicola Mining Inc.’s Treasure Mountain Property, site of the previous operating Treasure Mountain Silver-Lead-Zinc Mine which exploited polymetallic veins. The Project occurs within the Intermontane Tectonic Belt, which hosts numerous porphyry copper and copper-gold deposits. The project covers approximately 9500 hectares and hosts seven gold, silver, lead, zinc and / or copper occurrences in various regions as reported in B.C. Ministry of Energy and Mines MINFILE database. These include gold-quartz vein, polymetallic vein and porphyry type occurrences. Some of these mineral occurrences have an associated historic underground workings.
The mineral tenures surround Nicola Mining’s Treasure Maintain project to the northwest. north, east and southeast.
Ximen Mining Corp. initiated a first phase whole rock/grab sampling program that took place in September 2016. All samples were collected largely in the south part of the Treasure Mountain Silver Project.
A second program was initiated in October 2016. Fifty-one whole rock/grab samples were collected and results will be released when received.
These samples were collected because of visible mineralization and proximity to known mineralization as recorded in the BC minfile data base, such as the Lucky Todd, Superior, and Rio Grande. The Superior and Lucky Todd minfile occurrences are described as pyrite and traces of chalcopyrite in narrow seams along fractures in a quartz porphyritic dike. A previously reported sample taken across a 1.5 meter zone in the Superior showing assayed 0.69 g/T. gold. The Rio Grande minfile describes mineralization as a zone containing narrow stringers 2.5 to 10 cm wide. A chip sample across the zone assayed 14 g/T silver, and 1.2% zinc.
The third program, involving a three man crew and an auger on a five ton truck was carried out in mid-November of 2016. Thirty two Auger holes were completed and reclaimed. Samples collected were submitted and results are pending. The deep soil sampling covered a transect of the Treasure Mountain Silver Project claim block from the north east corner of the property to the boundary with the Nicola Mine property and south east along the contact with that property. It was designed to gather data where there is minimal outcrop but in the same general area as the mine itself and minfile occurrences such as the aforementioned Lucky Todd, Superior and Rio Grande.
The soil sampling process was significantly enhanced by using a mechanized truck mounted auger that was capable of penetrating through overburden and glacial till. This process enabled samples to be recovered deeper in the soil horizon nearer the soil bedrock interface and will provide useful data further focusing exploration in the 2017 field season. During the enhanced soil sampling program prospecting was also conducted near the Superior minfile showing, rock samples were taken and also submitted for analysis.
In conjunction with the sampling program a drone with aerial photography capabilities was used to enhance the understanding of the topography of less accessible areas.
Based on the results of the 2015 and 2016 sampling data, and past historical exploration an aggressive trenching and drill program is planned for the 2017 field season. Permitting for diamond drill sites and trenches, is now in place.
The Treasure mountain silver Project covers historically prospective ground in the Similkameen and New Westminster Mining Divisions. The Project is adjacent to Nicola Mining Inc.’s Treasure Mountain Property, site of the previous opertaing Treasure Mountain Silver-Lead-Zinc Mine which exploited polymetallic veins. The Project occurs within the Intermontane Tectonic Belt, which hosts numerous porphyry copper and copper-gold deposits. The project covers approximately 9500 hectares and hosts seven gold, silver, lead, zinc and / or copper occurrences in various regions as reported in B.C. Ministry of Energy and Mines MINFILE database. These include gold-quartz vein, polymetallic vein and porphyry type occurrences. Some of these mineral occurrences have an associated historic underground workings.
History
The earliest known work in the Treasure Mountain area took place in the late 1800s and was directed toward locating Ire source of d and platinum-bearing placers in the Tulameen River drainage. As summarized by Meyers and Hubner (1989), the fist claim to be staked was the Eureka in 1894, when prospectors reported the discovery of silver-bearing galena veins in the Sutter Creek area. In 1906 Andrew Jenson discovered the Silver Chief lode on Treasure Mountain and in 1911 the Treasure Mountain Mining Company purchased the property and began exploration and development. Between 1912 and 1926 20-metre shaft and three edits were developed near the summit of Treasure Mountain.
Exploration continued intermittently and the property went through a number of name changes. including Silver Chief, Mary E. Silver King and Old Domberg. During the same period on the adjoining Eureka claim, Jensen supervised the development of three edits and eventually 21 tonnes of high-grade mineralized rocks were shipped. In 1929 the Silver King Mining Company mined and shipped three railcar loads of sorted mineralized rocks to the Cominco smelter in Trail. A small mill was built in 1930 and was operated at intervals until 1934. The property was then dormant from 1935 until 1951 when Silver Hill Mines Ltd. took over the property, optioned the Eureka claim and carried out father exploration. A 45 tonne per day (tpd) mill was built during the 1953-56 period and a small shipment of zinc concentrate was sent to its Trail smelter. However. in 1957 the mill was dismantled and the property again lay dormant until 1979-80, when Magnus Bratlien negotiated an option from one of the Silver Hill Mines owners E. Borup, and formed Huldra Silver (now Nicola Mining).