Porter

ABOUT

  • The project sits adjacent to the town of Stewart in northwestern British Columbia, and is serviced by year-round paved highways from Terrace. Prince George and Vancouver.
  • Stewart is a deep-water, ice-free port with loading facilities on the Portland Canal.
  • Substantial infrastructure improvements have been made with the support of the local First Nations, community and government of British Columbia, including:
    • Upgraded transmission lines providing clean, affordable and reliable hydroelectric power
    • Highway upgrades
    • Improved port infrastructure
    • Commissioning of three new hydroelectric facilities.

EXPLORATION PROJECTS

  • The Golden Triangle is home to several historic and operating mines, as well as advanced exploration projects, including:
    • Eskay Creek (Skeena): Discovered in 1988, the former mine produced 3.3 million ounces of gold and 160 million ounces of silver, and was once the worlds highest-grade gold mine and the fifth-largest silver mine by volume.
    • Brucejack (Pretivm): This recently producing mine has total gold reserves of 8.7 million ounces which will be produced over an 18 year mine life.
    • Red Mountain (IDM Mining): 583,700 ounces of gold and 1,655,700 ounces of silver (Measured and Indicated); feasibility completed in 2017
    • Dolly Varden (Dolly Varden Silver): historic 20 million ounce silver production, currently undergoing resurgence of new exploration with identification of new zones.

Eskay Creek (Skeena): Discovered in 1988, the former mine produced 3.3 million ounces of gold and 160 million ounces of silver, and was once the worlds highest-grade gold mine and the fifth-largest silver mine by volume.

Brucejack (Pretivm): This recently producing mine has total gold reserves of 8.7 million ounces which will be produced over an 18 year mine life.

Red Mountain (IDM Mining): 583,700 ounces of gold and 1,655,700 ounces of silver (Measured and Indicated); feasibility completed in 2017

Dolly Varden (Dolly Varden Silver): historic 20 million ounce silver production, currently undergoing resurgence of new exploration with identification of new zones.

2020 SURFACE PROGRAM

  • 50-metre new mineralized trend, sample B0014310 240 g/t Ag, 1.52% Pb, 0.22% Zn and sample B0014341  112 g/t Ag, 0.11% Pb, 0.90% Zn, parallel to the past-producing Prosperity vein
  • New prosperity vein surface expression outlined, sample B0014336 182 g/t Ag, 1.125% Pb, 1.81% Zn
  • 200-metre extension of the D vein mineralized trend to the north, sample B0014295  76 g/t Ag, 0.979% Pb, 0.58% Zn, narrows the mineralization gap between the past-producing Prosperity-Porter-Idaho and Silverado mines
  • Outlined new surface expression of vein #2 north of the historical adit, sample B0014350 1,170 g/t Ag, 0.86% Pb, 0.53% Zn
  • Outlined new surface expression of vein #4 north of the historical adit, sample B0014351 1,385 g/t Ag, 4.10% Pb, 0.43% Zn

2,000 METRE UNEXPLORED AREA

A 2,000 metre unexplored area exists between the past producing Silverado and Porter-Prosperity mines. Veins at both sites run at a similar orientation, therefore it is hypothesized that the system may be continuous under the peak of Mount Rainey.

An NI 43-101 Technical Report completed in 2012 by Dr. Nick Carter, P.Eng. and estimated the following silver resources using values from Porter’s Prosperity and D veins.

@ 170 g/t Ag cut-off Average Grades
Contained Metal
Category
Tonnes
Ag (g/t)
Ag (oz)
Indicated
394,700
868
11,000,000
Inferred
88,900
5951,700,000

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