TSX-V: SMN

Projects

Buck Project

Summary

Size:Totaling approximately 15,000 hectares
Metals:Bulk tonnage Gold, Silver, Zinc
Mineralization:Buck Project area is underlain by highly altered volcanic, volcaniclastic and epiclastic strata considered to be part of the Telkwa Formation of the Lower Jurassic Hazelton Group.
Stage:Exploration drilling
Ownership:Option agreement to acquire 100% interest in Buck Project
Location:Located central British Columbia, south of the city of Houston. Formed within the Nechako-Chilcotin plateau – a region that represents strong, widespread, subduction-related metallogeny. Mining friendly jurisdiction.
Infrastructure:Exploration can be conducted year-round with access to electrical and gas utilities, major airports, highways and excellent road access.
Drill Holes68 drill holes in total from previous operators
Mines close by:The property is located in close proximity to several former operating mines: Equity Silver Mines (Equity Silver Mines Inc.), Endako (Centerra Gold Inc.), Huckleberry (Imperial Metals Corporation).

Buck Property At A Glance

  • 100% optioned, 15,000 ha. property near Houston, BC
  • Bulk tonnage gold /silver exploration target
  • Large breccia/diatreme model. Similar to several multi-million ounce gold deposits worldwide.
  • Buck not explored using breccia/diatreme model
  • Year-round exploration, excellent road access
  • Drilling to commence with receipt of drilling permit, expected shortly

Strategic Location

  • Mining and exploration friendly jurisdiction
  • Year-round exploration
  • Developed infrastructure nearby
  • Well defined permitting process Local experienced workforce
  • Close proximity to Equity Silver Mines, Endako (Centerra Gold Inc.), Huckleberry (Imperial Metals Corporation)

Exploration Target Areas

  • The surface footprint is that of a large, altered breccia system with widespread gold and silver mineralization
  • Large gaps between historical mineralized drill hole intercepts
  • Mineralization open in all directions
  • Most drill holes within the area of the Buck deposit are <175 m in length, ended in gold/silver mineralization, thus did not test the system to depth, where it clearly remains open.

Go Forward Exploration Design

  • Breccia/diatremes are geologically complex. Generally mineralized throughout, but with higher and lower grade phases. The breccia/diatreme model has not been applied to Buck to date.
  • Detailed logging of drill core essential to identify sub-sections of high grade gold and silver. These high grade sub-sections exist as indicated by assays, but poorly documented in drill logs.
  • Expect multi superimposed breccia phases. Pay attention to details, identify controls of mineralization.
  • Establish vectors to guide continued drilling.
  • Phase 1 drilling will commence in known mineralized areas and step out from there.

Near Term Exploration Strategy

  • Commence drilling upon receipt of permit – expected soon
  • Petrology and metallurgy – expect good overall metallurgical response
  • Investigate intensity of oxidation
  • Explore other known mineral prospects within claim group and surrounding area
  • Develop and maintain positive human resource relationships with all support groups
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