PLATINUM FLANK Platinum, Gold, Chromium, Copper Prospect

167.73 Hectares / 414.47 Acres. The property is held as 8 contiguous cells under a single mineral tenure. Situated 29 kilometres westnorthwest of Princeton, British Columbia Canada on the Northwest Flank of Olivine Mountain. The property may be accessed by unmaintained seasonal forest service road.

Mining and prospecting has taken place in the Similkameen/Southern Okanagan region for commodities such as copper, coal, gold, silver, platinum, iron, zeolites, peat, marl, limestone and aggregates since the late 1800’s.

Olivine Mountain has undergone a variety of exploration, due to numerous localized precious and base metal showings. Geological map data published by the BCGS provide an outline of the Tulameen Ultramafic Complex (TUC), the underlying rock host for these occurrences and the property’s location within it.

Former operators in the area include North American Platinum, Dia Met Minerals (C. Fipke) and Bright Star Ventures with a more complete list referenced through the ARIS reports below. Currently, several adjacent single cell tenures are owned by North Bay Resources Inc., whose holdings in the immediate vicinity include their Tulameen Platinum Project, Granite Creek Platinum and Tor properties. Major mines in the area include Copper Mountain and Barrick’s Nickel Plate Mine.

The mining season is generally from mid-May to mid to late October. The Town of Princeton is situated strategically on the Crowsnest highway and has a population of approx. 3000 year round residents, most of which are employed in mining, timber and service industries. Princeton has all amenities and is served by the Canadian Pacific Railway and the nearest ocean port (Vancouver) is 284 kilometres west.

The following is an account of historic work by the BC Government on and around Olivine Mountain. The Tulameen River which runs east-west to the north of the property at the foot of the mountain is partially accounted for in Minfile 092HNE199, which includes information on grades of alluvial gold and platinum at certain sections of this river. In observing these reports, the Sootheran placer leases (the Sootheran hardrock showing is listed separately, below) provide for some of the highest levels of reported grades per ton, therefore a probabilistic assumption could be made that Olivine mountain may in fact host a significant lode source of platinum group metals alongside deposits of gold, silver and base metal deposits such as iron, chromium and copper.

The WEST SIDE Showing, Minfile 092HNE206, approx. 500 metres northwest of the property:

Copper, Silver, Gold, Platinum

The West Side copper showing lies 80 metres southeast of the Tulameen River and 9 kilometres west-southwest of Tulameen. The occurrence is hosted in hornblende clinopyroxenite of the Early Jurassic Tulameen Ultramafic Complex, a zoned Alaskan-type intrusive complex. The showing is 500 metres north of the dunite core of the complex. The clinopyroxenite is mineralized with chalcopyrite and cut by quartz veinlets. Pyrite and magnetite are also reported. A grab sample of clinopyroxenite, with 1 per cent disseminated chalcopyrite and quartz veinlets up to 3 millimetres in diameter, analysed 0.149 grams per tonne gold, 0.168 grams per tonne platinum and 11.1 grams per tonne silver (Assessment Report 17280, page 9, sample W402). A second sample yielded 1.349 per cent copper (Assessment Report 17280, page 9). A chip sample taken across 6 metres of mineralized rock assayed nil gold, nil silver and 0.5 per cent copper (Minister of Mines Annual Report 1929, page 279). Across the Tulameen River, three hundred metres southwest, a shear zone in gabbro has been traced north-northeast from the north bank of the river for 300 metres. The zone contains a quartz vein stockwork mineralized with pyrite and chalcopyrite. A chip sample across 1 metre analysed 0.182 per cent copper and 3.2 grams per tonne silver (Assessment Report 12190, page 8, sample 87703). A second sample from a nearby quartz vein with abundant pyrite yielded greater than 0.40 per cent copper (Assessment Report 7944, page 4). A sample of sorted ore assayed 10 grams per tonne gold, 34 grams per tonne silver and 0.6 per cent copper (Minister of Mines Annual Report 1932, page 139).

The SOOTHERAN Showing, Minfile 092HNE009, approx. 420 metres west:

Lead, Copper, Zinc, Silver

The Sootheran showing is on the south bank of the Tulameen River, 580 metres east-northeast of the mouth of Britton (Eagle) Creek and 10 kilometres west-southwest of the town of Tulameen. A zone of quartz veining occurs in peridotite of the Early Jurassic Tulameen Ultramafic Complex, a zoned Alaskan-type intrusive complex. The showing is in the northern margin of the dunite-rich core of the complex. The zone strikes 010 degrees and dips steeply west. At one point, it is 1.8 metres wide, containing 0.6 metre of quartz and a 0.3-metre thick mass of country rock, in addition to some sheared and oxidized material . The quartz is sparsely mineralized with pyrite, galena, chalcopyrite and sphalerite. Galena also occurs in a band, 10 centimetres thick, on the east wall of the zone. Three chip samples taken across the zone assayed traces of gold and a few grams per tonne silver; a sample of the galena band assayed trace gold and 21 grams per tonne silver (Property File - M.S. Hedley, 1937).

The H & H Showing Minfile 092HNE205 approx. 600 metres east of the property:

Copper, Silver, Palladium, Platinum, Gold

The H & H copper showing occurs on Hines Creek, 1.1 kilometres southeast of the creek's confluence with the Tulameen River and 7.5 kilometres west-southwest of Tulameen. The occurrence is hosted in hornblende clinopyroxenite of the Early Jurassic Tulameen Ultramafic Complex, a zoned Alaskan-type intrusive complex. The showing lies immediately west of the contact with metamorphosed volcanics and sediments of the Upper Triassic Nicola Group. Medium to coarse-grained, black hornblende clinopyroxenite, comprised of augite and hornblende with minor biotite and magnetite, outcrops over a 5 by 4 metre area 5 metres east of the creek. The clinopyroxenite is cut by a pegmatite zone 0.9 metre wide containing hornblende crystals up to 5 centimetres and minor interstitial feldspar. The zone strikes 010 degrees and dips 70 degrees east. Stronger mineralization is present in the pegmatite, which contains up to 20 per cent patchy disseminated pyrite and up to 2 per cent disseminated chalcopyrite. The surrounding clinopyroxenite contains up to 20 per cent disseminated pyrite and trace chalcopyrite, in bands to 3 centimetres wide. A grab sample of pyroxenite, with 10 per cent interstitial pyrite and malachite staining, analysed 3.603 per cent copper, 0.066 gram per tonne gold, 17.1 grams per tonne silver, 0.247 grams per tonne platinum and 0.730 grams per tonne palladium (Assessment Report 17280, page 9, sample W461). A quartz vein, up to 10 centimetres wide, outcrops 50 metres to the south. A grab sample of the vein assayed 0.810 gram per tonne gold and 0.025 grams per tonne platinum (Assessment Report 17280, page 9, sample W637). The copper showing was discovered in 1987 by North American Platinum Corporation while exploring for platinum in the Tulameen Ultramafic Complex.

The HINES CREEK Past Producer, Minfile 092HNE197, 560 metres east:

Platinum, Gold

Hines Creek plunges rapidly northward from its headwaters on Olivine Mountain for 2.3 kilometres, entering the Tulameen River 7.5 kilometres west of the town of Tulameen. Platinum and gold were recovered from gravels a short distance above the Tulameen River. The quantity of gravel in this creek is quite limited though. The deposits were worked as early as 1885.

The CATHY Showing, Minfile 092HNE038, 1177 metres southsouthwest:

Copper, Platinum, Palladium, Chromium

The Cathy copper-chromite showing is 400 metres southeast of the Tulameen River, 950 metres south-southwest of the mouth of Britton (Eagle) Creek and 11 kilometres west-southwest of the town of Tulameen. This occurrence is hosted in peridotite of the Early Jurassic Tulameen Ultramafic Complex, a zoned Alaskan-type intrusive complex. The showing lies in a northwest trending band of olivine clinopyroxenite with minor peridotite that flanks the southwestern margin of the dunite-rich core of the complex. A small zone of disseminated chalcopyrite and chromite occurs in mildly tremolite-altered peridotite. A grab sample assayed 0.21 per cent copper, 0.17 grams per tonne platinum and 0.12 grams per tonne palladium (Assessment Report 2274, page 16).

The OLIVINE MOUNTAIN PLATINUM/CHROMIUM Showing, Minfile 092HNE184 170 metres south:

Platinum, Chromium

This platinum-chromite showing occurs on the northwest slope of Olivine Mountain, 9 kilometres west-southwest of Tulameen. The showing is hosted in the dunite-rich core of the Early Jurassic Tulameen Ultramafic Complex, a zoned Alaskan-type intrusive complex. The dunite outcrops over an elongate area extending up the northwest slope of Olivine Mountain to its summit. Chromite frequently occurs as clusters of disseminated coarse crystals, particularly in areas of intense serpentinization. The mineral also forms small blebs, minute veinlets, massive pods and lenses up to 100 by 6 centimetres in size within the dunite. These are scattered randomly throughout the dunite, not occurring in any significant concentrations. In a few instances, chromite mineralization is found to contain elevated platinum values. A grab sample of brown olivine pyroxenite with chromite assayed 3.186 grams per tonne platinum (Assessment Report 16125, Appendix 1, sample 11492). A chip sample, taken 150 metres to the south, assayed 1.98 grams per tonne platinum and 1.07 per cent chromium over 7.9 metres (Assessment Report 16691, Appendix 1, page 4, sample 31+35-31+61E). Two other samples (9442, 57981), of uncertain location, assayed 5.49 and 1.1 grams per tonne platinum respectively, and 21.96 and greater than 1 per cent chromium respectively (Assessment Report 16323, Appendix 4). Sample 57981 is of serpentinized dunite with magnetite and chromite. Higher platinum values also occur in strongly serpentinized, mildly asbestos-veined peridotite and dunite (Assessment Report 16691). The summit and north slope of Olivine Mountain were extensively sampled by Tarnation Mining, North American Platinum Corporation, D.K. Platinum Corporation and Dia Met Minerals Ltd. between 1983 and 1987.

EMPR ANNUAL REPORT 1885-494,495; 1887-277 *1929-279; *1932-139

EMPR GEOFILE 2000-2; 2000-5

EMPR ASS RPT 128, 1132, 1945, 2274, *7944, 11666, 11736, 12121, *12190, *16125, *16323, *16691, *17280, 27009, 31256

EMPR FIELDWORK 1981, pp. 218-222; 1987, pp. 281-294; 2001, pp. 303-312

EMPR EXPL 1988-B71-B81

EMPR GEM 1969-281,282,352

EMPR OPEN FILES 1986-7, pp. 6-11; 1988-25; 1990-27, pp. 33,34; 1991-09, ; 1995-25

EMPR P 1992-6

EMPR PF (Croteau, F.L. (1969): Preliminary Geological Report on Certain Mining Claims, Tulameen Area, B.C., in North American Platinum Corporation (1971): Prospectus, Vancouver Stock Exchange; Mason, J.D. (1968): Report on the Olivine Mountain Property of North American Platinum Corporation Ltd., in North American Platinum Corporation (1968): Prospectus, Vancouver Stock Exchange)

EMPR PF (Gravel, J. (1987): 1986 Exploration Report, H & H Claim)

Group, Olivine Mountain, Tulameen Area, in North American Platinum Ltd. (1987): Prospectus, Vancouver Stock Exchange)

EMR MP COMMOD FILE (MR-CR-301.00)

GSC ECON GEOL Vol. 8, pp. 961-973; No. 13, pp. 89-94 (1934)

GSC MAP 46A; 888A; 1386A; 41-1989

GSC MEM *26, pp. 51,153-150,156-159,168-170; 243, pp. 33,34,60

GSC P 85-1A, pp. 349-358

GSC SUM RPT 1923, pp. 84A-101A

CJES Vol. 6, pp. 399-425 (1969); Vol. 24, pp. 2521-2536 (1987)

Findlay, D.C. (1963): Petrology of the Tulameen Ultramafic Complex, Yale District, British Columbia, unpublished Ph.D. thesis, Queen's University, 415 pages.

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