Silver Bell & St. Lawrence project

VIRGINIA CITY MINING DISTRICT, MONTANA

View the NI - 43-101 Technical Report - June 2012 on the Silver Bell - St. Lawrence Group of Mining Claims, Virginia City Mining District ("VCMD"), Madison County, Montana, USA,  John Childs, PhD. 

The Silver Bell & St. Lawrence Project ("SBSL") is owned 100% by the Company and consists of one (1) patented mining claim and twenty four (24) unpatented mining claims covering approximately 390 acres. The SBSL Project is located approximately three to four miles west southwest of the town of Virginia City, Montana, in Madison County. Virginia City is approximately 50 miles south-southeast of Butte, Montana.  Year round access is available by a public road running off of paved Montana Highway 287. Electrical power extends to within approximately 2 miles of the property.

This holding includes two past producing  gold-silver mines, the  Silver Bell Mine and the St. Lawrence Mine.  Both mines operated in the early 1900s and the St. Lawrence was reactivated in the early 1980s. Historical production records are incomplete but available information suggests that historical production at the St. Lawrence was approximately 0.22 opt gold and 3.8 opt silver. Smelter receipts for small shipments from the St. Lawrence indicate that some ore with much higher grades was shipped. For example, a smelter receipt from October 30, 1964 states that 8.027 tons were received grading 0.76 opt gold and 20.0 opt silver. Historical production at the Silver Bell averaged approximately 0.2 opt gold and 15.1 opt silver.

The shafts for each of the former mines are located 3,600 feet apart and the exploration hypothesis is that the two mines shared mineralized systems that may in part be contiguous. Surface mapping and geophysical surveying by the Company supports this initial hypothesis and may indicate extension of the vein system farther east along strike from the St. Lawrence mine.

From a mining viewpoint, the mineralized systems could be accessed through an adit or shaft collared between the two historic workings at the two mines.  Next phase diamond drilling is recommended to further test the continuity of mineralization between the two historic mines and to assist in determining the best potential approach to extraction.

The potential at depth for the SBSL Project is noted in two NI 43-101 reports completed by John F. Childs, PhD, R.Geo. in which the following was stated in the interpretation/conclusions section:

"Based on comparisons with other vein systems in the VCMD (“Virginia City Mining District”), there appears to be adequate similarities to suggest potential for an exploitable gold and silver deposit(s) in the Silver Bell-St. Lawrence claim area. The veins in the area share simlar characteristics with many of the more prolific deposits in the VCMD, including ore mineralogy, gangue type and alteration assemblages. Multiple vein systems are an important component in many of the larger mines in the area (e.g. the U.S. Grant, Kearsarge and Marietta), with the depth of production often reaching 300 to 650 feet. The historical mining activity at the Silver Bell and St. Lawrence mines never reached deeper than 200 feet. The Van der Poel (2011) VLF-R geophysical survey indicated several targets in the immediate area of the St. Lawrence and Silver Bell mines.”

On the Silver Bell St. Lawrence Project the Company plans to explore joint venture opportunities which would enable the company to focus available resources on Nevada and Rainy River while still advancing this project.

Historic St. Lawrence Mine Inclined Headframe

 

John F. Childs, PhD., Reg. Geo. is the qualified person responsible for providing the technical details contained on this property description page.