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Prospecting
There is widespread overburden coverage and limited bedrock exposure in the target areas. Prospecting was carried out in conjunction with the soil sampling program which finished in July 2012. Subsequently, the principal target areas were again prospected to ensure complete coverage. New exposures created by logging were prospected prior to the start of drilling. The best results were obtained from the Key West area and from copper rich volcanics along the East Fault (Table 2). The original surface gold discovery (4.57 g/t gold(2)) targeted by hole Key-01 at West Key was excavated by hand. Four mineralized narrow quartz veins, three of which are gold-silver-copper bearing, were traced over approximately 15 metres before disappearing under thick overburden. Active logging has opened up this area and further exploration is required to evaluate the shear zone/quartz vein system. Malachite was found in quartz-carbonate veined vesicular mafic volcanics at the southern end of the East Fault (Table 2).
Check Assaying
Check assaying was conducted on 50 samples for gold and 100 samples for silver, copper, lead and zinc. The check assays were processed through a 150 micron sieve (versus a standard 75 micron sieve) to determine if there was any coarse gold present. None was detected. Check analyses for silver, copper, lead and zinc used 2 grams of sample to ensure that a larger, more representative sample of the 150 micron split was analyzed. There were no significant changes from the initial analyses.
(2) Technical Report, Key Property, British Columbia, Canada - SEDAR Filed June 12, 2012
Table 1 Significant Drill Results----------------------------------------------------------------------------Hole From To Interval (i) Au Ag Cu Pb Zn Mo----------------------------------------------------------------------------# (m) (m) (m) g/t g/t ppm ppm ppm ppm----------------------------------------------------------------------------RC-01 5.79 47.24 41.45 910 46---------------------------------------------------------------------------- incl 5.79 28.96 23.17 1.34 1247----------------------------------------------------------------------------RC-02 4.57 6.10 1.53 0.144 1.40 1740 223----------------------------------------------------------------------------RC-03 No Significant Values----------------------------------------------------------------------------RC-04 0.00 50.29 50.29 639---------------------------------------------------------------------------- incl 0.00 7.62 7.62 1.60---------------------------------------------------------------------------- and 13.72 27.43 13.71 1.43---------------------------------------------------------------------------- and 41.15 50.29 9.14 1.88----------------------------------------------------------------------------RC-05 0.00 50.29 50.29 1000---------------------------------------------------------------------------- incl 3.05 4.57 1.52 4.30 848 3190---------------------------------------------------------------------------- and 21.30 35.05 13.71 1327---------------------------------------------------------------------------- incl 21.34 24.38 3.04 0.023 3.80----------------------------------------------------------------------------RC-06 No Significant Values----------------------------------------------------------------------------RC-07 2.13 50.29 48.16 338---------------------------------------------------------------------------- incl 19.81 21.34 1.53 0.030----------------------------------------------------------------------------RC-08 3.05 13.72 10.67 1402---------------------------------------------------------------------------- incl 12.19 13.72 1.53 0.60----------------------------------------------------------------------------RC-09 3.05 4.57 1.52 0.014 0.80---------------------------------------------------------------------------- 9.14 10.67 1.53 0.013 0.70---------------------------------------------------------------------------- 13.72 15.24 1.52 0.020 0.60---------------------------------------------------------------------------- 18.29 30.48 12.19 1.20---------------------------------------------------------------------------- incl 22.86 28.46 6.70 1.84---------------------------------------------------------------------------- and 22.86 24.38 1.52 0.030 2.20---------------------------------------------------------------------------- 38.10 39.62 1.52 0.020 1.70----------------------------------------------------------------------------RC-10 3.05 16.76 13.71 0.380 0.50 366---------------------------------------------------------------------------- incl 3.05 4.57 1.52 2.740 1.20----------------------------------------------------------------------------RC-11 22.86 38.10 15.24 0.40 177 31----------------------------------------------------------------------------RC-12 3.05 12.19 9.14 311----------------------------------------------------------------------------RC-13 2.44 50.29 47.85 237---------------------------------------------------------------------------- incl 2.44 10.67 8.23 552----------------------------------------------------------------------------RC-14 12.19 56.39 44.20 99 60---------------------------------------------------------------------------- incl 21.34 22.86 1.52 127---------------------------------------------------------------------------- and 32.00 33.53 1.53 153---------------------------------------------------------------------------- and 38.10 39.62 1.52 225---------------------------------------------------------------------------- and 51.82 54.86 3.00 131----------------------------------------------------------------------------RC-15 27.43 32.00 4.57 0.021 0.02 465---------------------------------------------------------------------------- 38.10 45.72 7.62 0.070 540---------------------------------------------------------------------------- incl 41.15 42.67 1.52 0.087 3.00 1345----------------------------------------------------------------------------RC-16 10.67 45.72 35.05 0.014 342---------------------------------------------------------------------------- incl 22.86 45.72 22.86 0.015 1.13 456----------------------------------------------------------------------------Table 2 Significant Prospecting Results----------------------------------------------------------------------------Sample_ID Au g/t Ag g/t Cu ppm Pb ppm Zn ppm Description----------------------------------------------------------------------------HGS-091a 7.74 29.3 8830 21 190 West Key: Vein1 - grab----------------------------------------------------------------------------HGS-091b 1.695 5.3 1375 15 272 West Key: Vein 1 - 60 cm chip----------------------------------------------------------------------------HGS-092 0.862 3.6 1490 14 287 West Key: Vein 1 - grab----------------------------------------------------------------------------HGS-091c 12.65 81.4 17850 31 377 West Key: Vein 2 - grab----------------------------------------------------------------------------HGS-093a 0.512 5.1 114 40 76 West Key: Vein 3 - grab----------------------------------------------------------------------------HGS-093b 0.184 0.7 29 11 86 West Key: Vein 3: 25 cm chip---------------------------------------------------------------------------- less thanHGS-094a 0.028 0.5 92 12 133 West Key: Vein 4 - grab---------------------------------------------------------------------------- less thanHGS-094b 0.005 0.5 31 16 195 West Key: Vein 4 - 25 cm chip----------------------------------------------------------------------------SG12-07 12.65 26.7 3260 22 199 West Key: grab of 15 cm vein---------------------------------------------------------------------------- less than East Fault: grab copper inHGS-099 0.005 7.5 11550 3 13 volcanics----------------------------------------------------------------------------Table 3 Drill Hole Specifications----------------------------------------------------------------------------Hole_ID East North Elev Azim Dip EOH----------------------------------------------------------------------------RC12-01 376250 5884603 1378 90 -50 46.94----------------------------------------------------------------------------RC12-02 376242 5885096 1448 90 -50 65.53----------------------------------------------------------------------------RC12-03 374543 5883802 1421 90 -50 50.29----------------------------------------------------------------------------RC12-04 374549 5883747 1432 90 -50 50.29----------------------------------------------------------------------------RC12-05 374467 5883773 1442 90 -50 50.29----------------------------------------------------------------------------RC12-06 374428 5883779 1459 90 -50 50.29----------------------------------------------------------------------------RC12-07 374390 5883772 1478 90 -50 50.29----------------------------------------------------------------------------RC12-08 374042 5884022 1503 90 -50 50.29----------------------------------------------------------------------------RC12-09 374098 5884028 1521 90 -50 53.34----------------------------------------------------------------------------RC12-10 374137 5884021 1487 90 -50 51.82----------------------------------------------------------------------------RC12-11 374436 5884234 1488 90 -60 50.29----------------------------------------------------------------------------RC12-12 374492 5885349 1490 90 -50 50.29----------------------------------------------------------------------------RC12-13 374647 5885350 1487 90 -50 50.29----------------------------------------------------------------------------RC12-14 374605 5884173 1444 270 -50 56.39----------------------------------------------------------------------------RC12-15 375501 5883812 1370 270 -50 70.10----------------------------------------------------------------------------RC12-16 375689 5883797 1341 270 -50 70.10----------------------------------------------------------------------------
