REISETER PROJECT

The Reiseter property is located in the Omineca Mining Division in west-central British Columbia, Canada and approximately 15 km north-northeast of the town of Smithers. The property consists of one BC MTO cell claims covering approximately 186 hectares. The tenure is 100% owned by Golden Tiger Minerals Inc.

GEOLOGICAL SETTING

The Property is situated within the Stikine Terrane in a region underlain by volcanic, clastic and epiclastic rocks ranging in age from Lower Jurassic to Eocene. The oldest rocks are middle to lower Jurassic Hazelton Group, mainly of the Telkwa and Smithers formations. The lower Cretaceous Skeena Group and the Cretaceous Kasalka Group, along with the Hazelton Group rocks make up dominant geological units in the Smithers area. Bowser Lake Group rocks of the upper Jurassic are noted west of the Property. An unnamed Paleogene to Eocene package of sedimentary rocks and a small package of Paleogene Endako Group volcanics are also noted south and southeast of the Property (Massey et al, 2005, Gagnon et al, 2012).

Intruding the Skeena and Hazelton Groups are small to medium sized stocks of the Late Cretaceous Bulkley Plutonic Suite. This unit is comprised of undifferentiated granitic rocks, equigranular to porphyritic granodiorite, quartz diorite, minor andesite, felsite, aplite, alaskite and intrusive breccia, stocks, plugs, sills and dykes (Massey et al, 2005).

HISTORICAL EXPLORATION AND RESULTS

Discovery of antimony, lead, zinc and silver in veins is attributed to Anthony Mesich during the mid-1950’s. During the subsequent years, exploration was undertaken in developing high-grade antimony veins. In 1970, 19 tonnes of hand-cobbed vein material was shipped with the vein material assaying at 32.4% Sb. In 1972 and 1973 Channel Copper explored for copper-molybdenum porphyry potential. Two drill holes were collared, but no geochemical results are available. In 1988, a provincial geologist collected a rock sample returning 6.84 g/t Au and 218 g/t Ag demonstrating precious metal potential of the property that had not previously been known or disclosed.
From 2007 to 2012, Double Crown Ventures and Golden Tiger Minerals completed several geochemical and geophysical surveys over the property and surrounding areas. Soil geochemistry defined several multielement anomalies with correlating IP anomalies.

More recent prospecting and sampling in 2018 and 2019 was successful in relocating the source of the precious metal bearing veins. These were found in a series of pits, trenches and a short adit, likely dating back to Channel Copper’s work. It is clear the veins were known at the time, but no results had been made available. A series of chip samples of one vein returned up to 9.30 g/t Au and 12.3 g/t Ag over 0.20 metres. A subcrop sample returned 10.30 g/t Au and 207 g/t Ag. These samples are additionally strongly anomalous in copper, lead, zinc and antimony and arsenic.

EXPLORATION POTENTIAL

The Property has historically been exploited for antimony from one stibnite vein/breccia (No. 1 Vein). Subsequent exploration focused largely on the copper-molybdenum porphyry potential. The variety of anomalous metals identified in the rock samples over the recent years, including bismuth, cadmium, tungsten, arsenic, zinc as well as antimony, molybdenum, and copper suggests a somewhat different deposit style for the Reiseter property, although the possibility of a buried porphyry system cannot be discounted. Indicator elements would suggest the possibility of Mo-W-Sn type of porphyry system.

The small exposed granitic intrusions may represent a cupola of the larger Bulkley intrusions that have been altered to greisen along with the associated quartz-sulphide veins. Hornfelsing of the surrounding sediments demonstrates the strong metasomatic response to the emplacement of the intrusives. A review of the MMI soil data collected in 2007 visually demonstrates a correlation of Sb Bi, Mo and W.

Associations of these elements are known in examples of greisenous veins with granitic intrusions and the confirmation of scheelite mineralization in veins in the intrusive further support this style. This style also suggests a likely genetic link to the stibnite-bearing veins and breccias hosted in the sediments to the west of the intrusives.

Relocation of the precious metal bearing veins also add another element to the property. The veins appear to fill fractures and tend to pinch and swell. Whether these veins could swell to more mineable widths is not yet known. Gold and silver grades encountered in the veins are encouraging. The main vein located is traced over 145 metres of strike length and is up to 20 cm thick. Mineralogy of the vein suggests a deeper epithermal environment.

PROPOSED WORK

The Reiseter Property remains an interesting and geochemically diverse prospect. At this time, the precious metal-bearing veins remain the most prospective feature of the Property and additional exploration is warranted. Arsenic is strongly associated with precious metal mineralization and should be a good guide for additional targets. The existing MMI data does show anomalous arsenic in the areas of known veins, but other anomalies are present elsewhere. A conventional soil sampling program with a tight spacing (10-25 metres) in these areas may assist in better locating these veins or related structures. It may also be worthwhile and cost effective to utilize a small pack-sack-type drill to test the known vein structures (including the antimony veins) at shallow depths and will afford more structural control.

Figure 1: Geology map of the Reiseter property showing key mineralization occurrences.

REFERENCES
Gagnon, J.-F., Baressi, T., Waldron, J.W.F., Nelson, J.L., Poulton, T.P., Cordey, F.
2012. Stratigraphy of the upper Hazelton Group and the Jurassic Evolution of the Stikine terrane, British Columbia, published in Canadian Journal of Earth Sciences, Volume 49, pp. 1027-1052.
Massey, N.W.D., MacIntyre, D.G., Desjardins, P.J., Cooney, R.T.
2005. Digital Geology Map of British Columbia: Whole Province, B.C. Ministry of Energy and Mines, Geofile 2005-1.