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Target Large Porphyry Copper-Molybdenum-Gold Deposit Location The Lorn property is located 190km north of Vancouver, British Columbia, Canada and

approximately 30km ESE of the south end of Lower Taseko Lake at 510 6’ N latitude and 1230 10’ W longitude. The Property is located in the Clinton and Lillooet Mining Divisions between Barrick Gold Corporation’s Poison Mountain (40km E) and Taseko Mines Limited’s Prosperity (50km N), both very large porphyry copper-gold-molybdenum deposits.

Access Property access is from Pemberton, Williams Lake or King Ranch by fixed-wing float plane aircraft or helicopter.

Land Ownership The Property consists of eight BCMTO mineral tenures, covering 3,876ha, owned by John A. Chapman (50%) and Gerald G. Carlson on behalf of KGE Management Ltd. (50%). The Property is available for Option.

History 1963: Phelps Dodge Corporation discovered copper and molybdenum mineralization as part of a regional mineral exploration program – no records of their work are available.

1969: Burlington Mines Ltd. prospected and trenched the main mineral showings.

1971 to 1974: Cominco Ltd. prospected, mapped, sampled and drilled five short core holes from two drill setups.

2011 to 2013 Royal Sapphire Corp conducted $212,000 in mineral exploration including an airborne ZTEM survey (Geotech Ltd.), which showed a central high resistivity core that correlates with the Lorna Stock, surrounded by a zone of high conductivity that correlates with alteration, mineralization and hornfelsed and pyritic volcanic rocks, including several bulls-eye conductivity targets.

Preliminary mapping and sampling has identified four mineralized targets on the Property with anomalous Cu, Mo, Au, Ag, As, Bi, Pb and Zn geochemistry and up to 1.27% Cu and 1.86% Cu in selected grab samples.

Geology The Property is underlain by the partially exposed Upper Cretaceous quartz monzonite to diorite Lorna stock which intrudes sedimentary and volcanic rocks of the Upper Jurassic to Cretaceous Kingsvale Group. The stock is exposed as a cupola in a north-south trending valley, in contact with Kingsvale andesitic volcanic rocks which form the ridges on either side of the valley and in the cirque to the south. The contact is marked by a prominent gossan formed from the oxidation of iron-rich minerals, primarily pyrite, from the hornfels zone in the andesitic volcanics.  Hydrothermal alteration within the Lorna Stock is associated with sulphide mineralization and includes quartz-sericite veins, chloritization of mafic minerals and kaolinization of feldspars. The adjacent volcanic rocks are propylitically altered with quartz-calcite-epidote veinlets, locally with pyrite and pyrrhotite mineralization.

Mineralization Burlington Mines Ltd. in 1969 reported one of their blasted bulk samples returned 0.16% copper, 0.01% molybdenum and 0.01 opt gold.

Cominco Ltd. in 1972 reported mineralization within the Lorna Stock consists of disseminated pyrite, chalcopyrite and pyrrhotite, with local molybdenite. The adjacent volcanic rocks contain disseminated and fracture controlled pyrite, pyrrhotite and local chalcopyrite mineralization. Copper mineralization

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is widespread. Reconnaissance soil sampling gave anomalous values (200 to 1,300 ppm Cu in 14 samples) along a 4 km strike length. Chip sampling (not continuous) from three separate areas within the intrusive returned 0.28% Cu over 2,120 ft. (647 m), including 1.17% Cu over 30 ft. (9.2 m) and 1.15% Cu over 200 ft. (61 m); 0.21% Cu over 1,660 ft. (506 m); and 0.40% Cu over 450 ft. (137 m). Allen and Heddle authors of this 1972 technical report noted that these numbers are not representative, as they were from chip samples from discontinuous outcrop exposures. However, the authors indicated that they are a good qualitative guide to the mineralization present and that the zones were open along strike.

Cominco Ltd. in their 1974 drilling report (five short holes from two setups) reported copper and molybdenum mineralization in all five holes.

Cominco Ltd. (circa 1981) in follow up analyses for gold in soil samples from earlier (circa 1972) programs determined that many samples exceeded 10ppb gold with some over 100ppb gold.

With low copper and molybdenum prices for an extended period the mineral claims over the discoveries were allowed to lapse and were subsequently acquired by John A. Chapman and KGE Management Ltd. (Gerald G. Carlson, Principal), the current owners.

Work by Royal Sapphire identified four mineralized targets on the Property with anomalous Cu, Mo, Au, Ag, As, Bi, Pb and Zn geochemistry and up to 1.27% Cu and 1.86% Cu in selected grab samples. Sulphide mineralization includes disseminated chalcopyrite, pyrite and locally bornite and pyrrhotite.

Potential The Lorn property is located on the eastern flank of the Coast Plutonic Complex within a NW-SE trend of porphyry copper-molybdenum-gold mineralization. To the west is Taseko Mines Limited’s Prosperity deposit reported to be the largest gold-copper deposit in Canada with reserves of 7.7 million ounces of gold and 3.6 billion pounds of copper and Amarc Resources Ltd.’s recent Newton gold discovery. Amarc is aggressively exploring a very large tract of land near the Lorn property in what it calls the “Plateau Gold-Copper Belt”. To the east is Barrick Gold Corporation’s Poison Mountain deposit with an estimated resource of 800 million tonnes grading 0.23% copper, 0.122 gpt gold and 0.007% molybdenum.

The Lorn copper-molybdenum-gold occurrences have the potential for discovery of a large porphyry system similar to the Prosperity and Poison Mountain deposits.

Discovery of a large copper-gold porphyry deposit at Lorn would most likely result in development using Block Caving, see: http://technology.infomine.com/reviews/Blockcaving/welcome.asp?view=full

Recommended Exploration

The Owners recommend the next phase of exploration should be core drilling on defined targets.

Status The Lorn porphyry copper-molybdenum-gold property is NI 43-101 ready and available for option. Contact John A. Chapman at 604.536.8356 (jacms1@telus.net) or Gerald G. Carlson at 604.816.3012 (gcarlson@telus.net).

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GEOTECH LTD. ZTEM SURVEY – ELECTROMAGNETIC 90HZ DT 

 

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