C3 Project

The C3 Project, positioned 27 kilometers northwest of Duncan City on Vancouver Island, is accessible through the year-round Chemainus Main logging road. This 100% owned Gold Project emerges as a promising exploration destination within a region marked by historical mining activities.

Overlaying the property are predominantly rocks from the Mississippian to Pennsylvanian Fourth Lake Formation (part of the Buttle Lake Group) featuring cherty argillites, alongside Upper Devonian McLaughlin Ridge Formation (Sicker Group) volcaniclastics. These formations are intruded by granodiorite and quartz diorite from the Early to Middle Jurassic Island Plutonic Suite and Triassic gabbro. Sulphide mineralization appears within rusty shear zones as disseminations and/or stringers aligned with bedding cleavage or intersecting fractures. The mineralization nests in laminated sediments and volcaniclastics closely associated with gabbroic dikes. Pyrite and occasional chalcopyrite are finely dispersed throughout the rock formations. Locally, gabbros and diorites host extensively oxidized zones rich in silver, zinc, copper, cobalt, and gold.

From 1985 to 1987, JBL Resources executed comprehensive programs including geological mapping, prospecting, geochemical sampling, ground geophysical surveys, and initiated two diamond drill holes totaling 99.5 meters. Remarkably, in 1985 and 1986, samples were collected showcasing high gold values, including a sample assaying 0.27 grams per tonne gold and another exhibiting 13.03 grams per tonne gold, along with significant values in silver, lead, zinc, and cadmium.

The C3 Project distinguishes itself with its substantial exploration potential. Notably, the property hosts the Pogo showing, one of six Minfile occurrences, containing pyrrhotite, pyrite (up to 5 percent), chalcopyrite, sphalerite, and galena. The mineralization spreads along fracture planes and within quartz-carbonate stringers inside a medium-grained, fractured gabbroic dyke that slices through black, cherty argillites of the Fourth Lake Formation. Mineralization manifests at a synclinal fold axis where the sill is "pinched" as it traverses from the west limb to the east limb.

Expanding the scope, local mineralized shears hosted in northwest-trending fine-grained sediments of the Fourth Lake Formation are revealed along a road, delineating a 100-meter-wide zone of sporadic mineralization. These shears, up to 0.20 meters wide, gougy, limonitic, contain up to 5 percent each of pyrite and chalcopyrite, further underscoring the geological complexity and mineral wealth of the area.

In essence, the C3 Project represents an exceptional opportunity for exploration and potential development of Gold, Copper, Silver, and Cobalt resources on Vancouver Island. Supported by an extensive historical data base and favorable geological conditions, the project beckons as a focal point for future mining endeavors, promising to unlock the rich mineral potential hidden within its bounds.

The report was commissioned by Rio Minerals Ltd, with offices at 615-800 West Pender Street, Vancouver, B.C. V6C 2V6. The report outlines the mineral assessment work done on the Horne project. It also includes the mineralization of pyrite associated with listwanite (quartz-carbonate alteration), fracture-controlled sulfides, commonly disseminated sulfides, and some iron-bearing sedimentary rocks. All the data included here is based on the information available at the time of report preparation, along with the conditions, qualifications, and assumptions as set forth.