Overview:
The Company’s main objective is to qualify the Treasure Mountain Project for a 24,000 tonnes per year mine and gravity concentrator permit so that subject to economic viability and financing the property can be put into production. To that end, AMEC Earth & Environmental, Entech Environmental Consultants and Jasman Yee & Associates have carried out investigations to assess operational and environmental issues.
The company has received a technical report titled "Technical Report, Resource Estimation, Mining and Reclamation Plan and Economic Evaluation, Treasure Mountain Mine,
Tulameen River Area, British Columbia" dated June 15, 2009, revised July 2, 2009,
prepared by independent consultants and Qualified Persons, Erik Ostensoe, P. Geo.,
G. H. Giroux, P. Eng. and A. J. Beaton, P. Eng. (Mining). This report includes a
disclosure of Resources and a current Resource Estimation and Economic
Evaluation and is neither a pre-feasibility study nor a feasibility study.