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Minfile 092HSE238 500 acres. Located 9km SW of Princeton. access by well maintained forestry road. ARIS reports 16128 & 17531. Gold and platinum occur in a black sand deposit, an ancient channel of the Tulameen river. Gently rolling uplands between 900 and 1100m elevation bordered N and S by Bromley and Lamont creeks. The headwaters of Stevenson and Tracey creeks border E and mountainous terrain rises steeply to the west. The meadows are, in part, underlain by a Quaternary interglacial channel hidden by a thin mantle of overburden. The gravels of this channel contain fine to nugget-sized particles of gold and platinum. Trenching revealed a thick section of clay beneath 3-6m of gravel. Continued prospecting in the area encountered colours of gold and platinum in gravels on siltstone bedrock of the Eocene Princeton Group. Additional gold and platinum-bearing boulder channel with a pay thickness of 3-6m and a minimum width of 30m beneath 3-6m of sandy silt. Reserves of 800,000+ tonnes at .35 gpt (10-1 ratio of gold to platinum) calculated by seismic refraction and drilling, 10,000 oz = over $6,000,000 at current prices. Low cost recovery probable with excavator/washplant to deliver concentrates.
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