Elizabeth Project (BC)

Location

The Elizabeth Project is located in southwestern British Columbia, in the Lillooet Mining District, approximately 30 km northeast of the town of Goldbridge and the mining town of Bralorne. The 9527-hectare property is situated along a tributary of the Yalakom River in steep, glaciated terrain between 2,100 and 2,500 metres in elevation.

Access is via a road off the Yalakom River logging road. The 76 kilometres from Lillooet to the property can usually be driven in two hours. The property has good infrastructure with several roads accessing the old workings and the areas proposed for exploration. Situated at the property is a well maintained camp to accommodate exploration crews.

Overview

The Elizabeth Property, which consists of four crown granted mineral claims was optioned from Mr. David White and Mr. Tom Illidge in May 2002. At the same time, four surrounding mineral claims know as the "Blue Claims" were optioned from Mr. Tom Illidge. Subsequently, J-Pacific staked an additional 21 mineral claims. In the spring of 2005, all of the mineral claims were converted to the new B.C Mineral Titles Online system. The Elizabeth Project now consists of 4 crown granted claims and 14 mineral claims totalling 9527 hectares.

Given its proximity and potentially upgradeable access to our permitted milling facility at the Blackdome Gold Mine, the Elizabeth Project is a strategic acquisition that highly complements our existing land position. The Company believes that the Elizabeth Project has the potential for early production following successful exploration. The high grades identified in several veins, combined with the existing infrastructure on the property, make the Elizabeth Project an attractive exploration target that can be rapidly advanced.

History

The history of the Elizabeth claims dates back to the 1930s with the discovery of gold bearing quartz veins along Blue Creek. In 1939, Mr. William White and Mr. Tom Illidge staked the Elizabeth No. 1-4 claims to cover the discovery area. Shortly after Bralorne Gold Mines Ltd. optioned the property and acquired additional claims. Over the next nine years Bralorne constructed access infrastructure, built a camp and conducted surface and underground exploration. Between 1947 and 1949 ten horizontal surface and underground diamond drill holes totalling 790 metres were completed. High-grade gold mineralization was encountered in surface trenches and in drill holes. By 1949 Bralorne completed a 670 metre long crosscut from which several drifts were driven along the B and C Veins. Assay data for this work has not been found. Exploration on the property revealed the presence of at least six veins. On the adjacent Yalakom claim the No.9 vein was also explored.

In 1956 to 1958 Bethlehem Copper drove an adit 180 metres elevationally above the Bralorne workings from which a 95 metre long drift explored the West (No.1) Vein. An 8 tonne bulk sample of West vein material was shipped yielding 156 grams gold, 156 grams silver, along with minor lead and zinc. The property remained dormant until 1980 when Prism Resources conducted sampling and data compilation.

Blackdome Mining Corporation conducted the most recent work on the Elizabeth claims in 1990. Work consisted of road upgrading, rehabilitation of the upper and lower portals and surveying along with detailed surface and underground sampling of the West Vein. High-grade gold mineralization was delineated along the West Vein both on surface and in the upper adit. A program of diamond drilling was proposed however Blackdome did not continue their program and the property was returned to the vendors.

Technical Reports