Royalle Property

The Royalle property is located 175 km north of Vancouver and thirteen kilometers southeast of Bralorne, British Columbia, Canada - the Province's largest and most famous gold mining camp. The Property is accessible by travelling south from Gold Bridge on the main Gold Bridge-Bralorne road for 5.5 km; thence by Kingman Lake Main logging road southeast along the north side of Cadwallader Creek for 19 km. The Royalle property is composed of sixteen contiguous BC MTO mineral claims covering 7,413 hectares in the Lillooet Mining Division, including several BC GSB MinFile gold occurrences.

The Property lies along the southeast extension of a major gold-bearing structure, the Cadwallader break, a part of the regional Bralorne fault system. The oldest rocks in the area belong to the Pre-Permian Fergusson Group chert with some marble, schist, gneiss and hornfels, cut by younger greenstone. These are overlain by the Upper Triassic Cadwallader Group, consisting of greenstone (mafic volcanics), overlain by argillite and siltstone with local limestone and coarser clastic rocks. The Jurassic Taylor Creek Group consists mainly of coarse clastic sediments, believed to be derived from the Fergusson and Cadwallader Groups. Intrusive rocks include the Paleozoic Bralorne diorite, the Jura-Cretaceous President ultramafic rocks and the Cretaceous Coast Plutonic Complex. The main controls on gold mineralization in the district are the Bralorne-Cadwallader fault zone, proximity to serpentinized alteration and possibly the Bralorne diorite intrusions. Alteration consists of carbonate and pyritization; gold shows a particular association with mariposite-bearing quartz-carbonate rocks (listwanite) along serpentinite contacts.

Significant core and percussion drilling has been done since the 1940s but no resource calculations have been conducted on the Property. However, the Upper Piebiter zone (gold) and the Chalco Skarn zone (copper & tungsten) are advanced enough that they could be modeled and a resource calculated. The Upper Piebiter gold deposit is located between 1,500 meters and 1,900 meters elevation along the south side of Piebiter Creek, with road access from the main Piebiter road. The Chalco Skarn deposit is located at 1,615masl on the north side of Piebiter Creek near its confluence with Cadwallader Creek. There is road access to the deposit from the main Piebiter road.

The Property is located in the BC Pine Beetle zone and qualifies for a 30% BC METC.