Raz

LOCATION AND PROPERTY DESCRIPTION

The Raz property is located near the southern extent of BC’s Golden Triangle – 1 kilometre south of Ashwood Lake and 25 kilometres south of Stewart, BC. The property was staked to cover the Rhyolite Ridge mineral occurrence.

GEOLOGY AND MINERALIZATION

This area is underlain by rocks of the Middle Jurassic Hazelton Group Salmon River Formation consisting primarily of siltstone and minor volcanics. To the east of the property the sediments are in contact with the Early Jurassic Outram Lake quartz monzonitic porphyry. The area is considered prospective for VMS style mineralization and has been explored for as such.

EXPLORATION RESULTS

On surface, mudstone lithologies 1,000 to 4,000 ppm Zn from soil and rock samples. A drill hole completed on the property in 2002 by Praxis Goldfields intersected generally anomalous values of zinc and lead, but little precious metal values. The drilling intersected mainly mudstone and siltstone cut by narrow monzodiorite dykes. Pyrrhotite, pyrite and minor sphalerite were the most common sulphides encountered. Fracture-filling and veined sphalerite in the upper rhyolite sequence from 5.5 to 7.0 metres returned 2,066 ppm Zn over 1.5 metres true thickness (BC Assessment Report 27092). A second drill hole located just off the current property encountered similar values, with one anomalous gold value of 1.82 g/t over 1.5 metres.