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THE BROKEN HANDLE PROJECT

Location: British Columbia
Metals: Gold – Silver – Copper – Lead - Zinc

 

PROJECT SUMMARY

The Broken Handle Project is an early-stage mineral exploration project located in the Boundary district of southern British Columbia approximately 50 kilometres north of the town of Grand Forks.

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Broken Handle - Geographic Location

GEOLOGY

  • Contains documented occurrences of gold, silver, copper, lead and zinc mineralization

  • This mineralization occurs as polymetallic and precious metal-bearing veins, contact metamorphic (skarn) copper-lead-zinc-silver-gold occurrences and epithermal precious metal veins

HISTORICAL EXPLORATION

  • After initial exploration in the early 1900’s, other showings and mineral occurrences were discovered in the 1970’s during the construction and extension of the primary forestry service road that transects the project

  • A distinct zinc anomaly emerged from the geochemistry data analysis. The best rock grab sample from follow-up trenching returned 0.27 % Cu, 0.50% Zn, 0.23 opt Ag and 0.003 opt Au

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RECENT EXPLORATION

  • Recent mapping and sampling by CMG on the project has confirmed prospective geology and mineralization similar to the Franklin mine camp

  • Successfully located shallow surface and underground workings from the turn of the 20th century that have remained largely unexplored for more than a century

  • Recent work east of Burrell Creek has shown that Broken Handle Project’s mineral potential is significantly broader spatially and geologically than initially understood  

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RECOMMENDED EXPLORATION

  • The analytical results and field observations from recent work concludes that additional exploration work is warranted, including soil sampling, prospecting, trenching and geophysical surveys

  • A total expenditure of ~$100,000 is recommended to further evaluate the exploration potential

Broken Handle Project Location & Access Map

OPTION AGREEMENT

The Company entered into an option agreement with Origen Resources Inc. on December 15, 2020, subsequently amended, to acquire a 75% right, title and interest to certain claims subject to a 1.5% net smelter return royalty on the Acquired Interest. 

Under the terms of the option agreement, the Company may acquire the interest by: 

a) paying an aggregate of $250,000 and issuing an aggregate of 1,000,000 shares to Origen 

b) incurring $500,000 in exploration expenditures 

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