Zeballos Au Project

Summary of the Zeballos Gold Project

The Zeballos gold project is located on Vancouver Island in the historical Zeballos Gold Camp.

The Zeballos Gold Camp has historical production to 1950 of 287,811 ounces at an approximate grade of 0.4 oz/t.

The Zeballos Project consists of three groups of crown grants, one of which hosts the Central Zeballos past producer. The total area of the 22 crown grants is 336.4 ha.

The Central Zeballos mine was the second larger producer of the Zeballos Gold Camp; a total of 53,050 tonnes were mined and 37,789 tonnes milled to recover 580 kg of gold (18,650 ozs) from the Central Zeballos Mine.

The main vein is visible near the southern end of the No 9 level. The No 9 portal is accessible from the Zeballos road via a short drive on a logging road. Only a few drill holes have tested the main vein and it is open a depth and along strike. A second vein has been observed about 100metres towards the portal along a short crosscut.

A mineral inventory of 67,133 tonnes at 12 g/t gold was estimated in 1989 to be present in the Main Vein of the Central Zeballos Mine. This inventory is not 43-101 compliant.