(PGE) Ni-Co-Cu-Pt + MAGNESIUM

Harrison Lake, BC - Cogburn / Talc Creeks

Area History- The Pacific Nickel Mine (also known as the B.C. Nickel Mine and the Giant Mascot Mine (not part of the property being offered), is located in the southeast part of the East Harrison Lake Ultramafic Belt, approximately seven kilometers north of Hope, British Columbia, was a significant producer of nickel and copper. Between the mid-1970s and early 2000, government mineral exploration assessment records suggest that little exploration work had been carried out in the vicinity of the mine or within the East Harrison Lake Belt. As one of the largest Canadian producers of Cu and Ni, the lack of exploration activity for almost twenty-five years suggested that the belt was underexplored, and that it represented a prime target for a concerted and systematic exploration program.

The Emory Zone located next to the available claims was once noted as being a "World Class" Magnesium Deposit with a measured resource estimate of 25.5 million metric tons grading 40.5% MgO (24.5% magnesium) by weight. Leader Mining who owns the ground has been under a cease-trade order since March of 2003.

Three zones were drilled and tested for Magnesium in the development of the Emory Zone. The Teuton area (located within the available claims area) was tested by six drill holes for a total of 303.6m. Weighed averages for four drill holes (located on the available claims) range from 24.36 wt% Mg to 25.95 wt% Mg.  Overall impurities of Fe, Ca. S, B and Ni are quite low and well within the Hatch tolerances. Drill holes in the Teuton area generally have the most consistent down-hole Mg concentrations of all the areas drill tested to date. Overall magnesium grade is only slightly lower than that in the Emory Zone (25.25% vs. 25.87%) and impurity levels (particularly S) are very low. These features make the southeastern part of the Teuton area a target for follow up next to the Emory Zone.

(see the geological maps below)

Hi-Resolution - Leader - Mapped Geological

PDF Geological Map

Effectively, the results indicate another large Magnesium deposit grading >25% magnesium covering an area of approximately 1350m x 600m x  50.6m.  The zone also appears to get better toward the north-east where it extends beyond the drilled area for an additional 1000m.

*In addition to Leader Mining's drilling; in 2003, Stellar-Pacific spent approximately $125K on aero and ground geophysical surveys in the area which identified several key Nickel (PGE) massive sulphide exploration targets.  Four of which are located within the boundaries of the available BC Mining Properties claim group.  (ARIS 27368)

The results of this report clearly add yet another dimension to what is already an important claim group.

Summary

This presents an EXCELLENT opportunity to slingshot past a grounded junior and move forward with a fresh stand-alone magnesium play by simply the footsteps previously taken by Leader Mining.  On the (PGE) Ni-Cu-Co-Pt side the obvious scenario would be to forge ahead with an aggressive program to further evaluate and drill the targets previously identified by Stellar-Pacific.  Both scenarios clearly appear to have stand-alone possibilities.

Regardless of the approach, the property group appears to have World-Class potential on both ends of the Ultramafic spectrum.

Stellar Pacific report - "As well, mineralization discovered to date represents a conductivity that enabled advanced airborne geophysical surveying to complement the geological investigation of this mineral belt. Several priority airborne EM targets were identified as well as numerous secondary targets coinciding with previously targeted regions. Further follow up detailed geologic mapping of the target area and ground geophysics will provide drill target selection."

Leader Mining report - "The Teuton Area is characterized by overall grade consistency and low impurity levels which make the area a second viable target for drill follow-up."

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ARIS Report 26807A

ARIS Report 27368

Cogburn_Technical_Report_20041215.pdf

Cogburn Creek Claim Group Map

 

Drill Location / Zone Size Maps

Map of Identified Exploration Targets By Stellar-Pacific Note: Magnetic anomalies are identified as M - #, electromagnetic anomalies as E - # and areas of interest selected as priority ground targets as T - #.

Maps (click thumbnail to open map & click again to ZOOM in)

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Total Area: 9274.5 acres

AVAILABLE FOR OPTION

Email: kbfunk@bcminingproperties.com

 

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INVESTMENT OPPORTUNITY

Vancouver Island, BC

16,675 Acres

3 PAST PRODUCING MINES ON THE PROPERTY (4TH) BLACK PANTHER WITHIN 150 YARDS)

12 MINFILE SHOWINGS ON THE PROPERTY

BITTERROOT RESOURCES IS CURRENTLY DRILLING 4KM TO THE NORTH WITH BONANZA GRADE RESULTS (with sections in excess of 50 oz per tonne AU)

QUOTED AS A "POSSIBLE 600,000 OZ DEPOSIT"

SEVERAL ADDITIONAL EXPLORATION TARGETS IDENTIFIED

THISTLE MINE AREA

 
The Thistle area has been quoted as a possible 3 million tons @ .20 oz/ton AU and 2% CU low-grade volcanogenic deposit. .  Some drilling has been done southeast of the original mine with decent results.  The area and setting have even been compared to the million + oz  Myra Falls Deposit on central Vancouver Island.  The target areas appear to lie to the NW & SE (Douglas, Saddle and Panther showing areas) of the original mine. There are several very convincing magnetic anomalies on the property that have never been investigated. Coincidentally, every magnetically anomaly identified by a 1981 airborne survey conducted by Glen White (ARIS 9126) was later qualified as a proven mineral deposit.

2/5 of the original Thistle area Crown Grants have reverted back to the crown.

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INCLUDES

GILLESPIE / HAVILAH MINES  scroll to bottom of linked file

Identified 600m strike extension appears to have been identified

FOR OPTION

Claim Map (click thumbnail)

Regional Geology

Geology Legend

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Eocene to Oligocene
Mount Washington Plutonic Suite
	EOlM	quartz dioritic intrusive rocks
Upper Cretaceous
Nanaimo Group
	uKN	undivided sedimentary rocks
Early Jurassic to Middle Jurassic
Island Plutonic Suite
	EMJIgd	granodioritic intrusive rocks
Lower Jurassic
Bonanza Group
	lJBca	calc-alkaline volcanic rocks
Late Triassic
Mount Hall Gabbro
	LTrMH	gabbroic to dioritic intrusive rocks
Middle Triassic to Upper Triassic
Vancouver Group
	uTrVK	Karmutsen Formation: basaltic volcanic rocks
	muTrVs	undivided sedimentary rocks
Lower Permian
Buttle Lake Group
	lPBS	St Mary's Lake Formation: coarse clastic sedimentary rocks
Mississippian to Lower Permian
	PnPBM	Mount Mark Formation: limestone bioherm/reef
Mississippian to Pennsylvanian
	MPnBFch	Fourth Lake Formation: chert, siliceous argillite, siliciclastic rocks
Middle Devonian to Upper Devonian
Sicker Group
	uDSiN	Nitinat Formation: calc-alkaline volcanic rocks
	uDSiM	Mclaughlin Ridge Formation: volcaniclastic rocks
	muDSiD	Duck Lake Formation: basaltic volcanic rocks

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Total Area: 6748.46 ha

Email: kbfunk@bcminingproperties.com