Princeton Gold Property consists of 14,650 hectares and lies 35 kilometers south of Princeton, British Columbia and is readily accessible by road. It lies 95 km south of the new high grade gold discovery by Westhaven Ventures on their Shovelnose property, and 11 km south of the producing Copper Mountain Mine of Copper Mountain Mining.
West haven Ventures has a market cap of $65 million
Recent drilling intersected 17.77 metres of 24.50 g/t Au, including 6.78 metres of 50.76 g/t Au at Shovelnose discovery Past Exploration Highlights
Combined 2010 and 2011 surface sampling and 2018 trenching programs highlights as reported by Tasca include:
- Quartz discovery in fall 2010 with boulder highlight of 25.24 g/t Au
- Five zones of mineralization identified: One zone of quartz veins and four zones of abundant quartz float along a 3 km quartz corridor
- Quartz vein assaying 217 grams per tonne (gpt) gold over 0.9 meters (m) with a second sample three meters along strike assaying 99.7 gpt gold over 0.9 m.
- The zone was traced over 120 m along strike beyond which point the overburden depth exceeded the 6 m reach of excavator.
- Two angular quartz float samples assayed 115.5 gpt gold and 108.5 gpt gold.
- 38 of 53 in-place or angular float quartz vein samples exceeded 1.0 gpt gold.
- 24 samples assayed in exceeded 10 gpt gold to a maximum of 217 gpt gold.
- Drilling permit is in place
September 2018 Trenching
- The most significant result from this program is a quartz vein assaying 217 g/t gold over 0.9 metres. A second sample three metres along the vein ran 99.7 g/t gold also over 0.9 metres.
- Two angular quartz float samples assayed 115.5 g/t gold and 108.5 g/t Au.
- The 2018 trenching program combined with the 2011 surface program, has resulted in the collection of 53 in-place or angular quartz vein samples. Thirty-eight of the samples exceeded 1 g/t gold, with 24 of the 38 exceeding 10 g/t gold to a maximum of 217 g/t gold.
- Zone traced over 120 metres, overburden exceeded the 6 metre reach of excavator
A total of 51 bedrock samples and 5 float samples were taken and submitted to the ALS Minerals Laboratory in North Vancouver, B.C. for AuME TL-43 analysis with an upper limit of 1 g/t gold.
Seventeen of the 56 samples returned value in excess of 1 g/t gold and were subsequently analyzed with procedure Au-AROR43 with an upper limit of 100 g/t gold.
Three samples returned values in excess of 100 g/t gold, with a fourth sample reporting at 100 g/t gold.
These four samples returned values of 99.7, 108.5, 115.5 and 217 g/t Au through procedure Au-GRA21
To summarize, these exploration results within the area of known large gold deposit discoveries in B.C. Offer an excellent project spin out which along with the seven advanced gold projects in Nevada offer considerable value which can be unlocked by spinning these assets out to shareholders as a new publicly listed equity on the TSX.