GoldGPEX Mineral Property Portfolio

COQUIHALLA MOUNTAIN DISTRICT


The Coquihalla Mountain area lies within the greater Upper Tulameen Mining Region of British Columbia, and represents one of the older hardrock mining camps in the southern west-central sector of the province. The area’s mineral resource was first discovered in the early part of the last century by prospectors seeking the source of the placer gold and platinum found in the Tulameen River and associated tributaries. Hardrock prospecting in the Coquihalla Range is recorded as early as 1913, with limited early production. Over the years following, changing world times, such as wars and the Great Depression, coupled with decades of low gold prices, served as the main contributors why most of better prospects had not been developed. However, with the upswing in the precious metals market, renewed interest has been generated and most of the better properties have long since been locked up by a variety of mining entrepreneurs, from individuals to large companies. 

GPEX’s Coquihalla group consists of two high-potential properties, the “Midnight Mountain” and the “Fancy That” claims. These tenures abut to one another and jointly comprise 209.88 hectares of prime precious-metals geology. Great gold and excellent silver are the featured target minerals. 

With the opening of GPEX’s mineral property portfolio, these and several other dynamic prospects of high potential, are now made available to parties bearing serious hardrock interest. Whether of larger mining status, a junior firm desiring to expand upon its operations or holdings, the entrepreneurial mining speculator, the individual seeking investment opportunities, the small operator desiring a Mom & Pop operation, or, the junior prospector seeking a quality property to engage in hardrock explorations, quite possibly the acquisition of one or more of GPEX’s properties will satisfy the search.


please direct all inquiries to:
Larry Amey
Pres. & CEO
(604) 869-5511 - larry@gpex.ca
Serious parties only, please





COQUIHALLA MOUNTAIN GOLD~SILVER~COPPER PROPERTY

Tenure # 538995 - GPEX File Number: 136

“Fancy That ”
(AKA Superior)

Fancy That

Scale 1:8,000

 

Features - 2.06 grams per tonne gold and 1151.98 grams per tonne silver  


The “Fancy That” property, a four cell tenure comprising 84.1 hectares, abuts to the “Midnight Mountain” tenure, and is also located in the Coquihalla Mountain Range, in the upper reaches of Tulameen River. Similarly, the property may be accessed from the Tulameen River Road or via BC Highway #5, and is conducive to prospecting for approximately seven months out of the year. And likewise, this tenure offers excellent opportunity for the small miner, the investor, the capital venture entrepreneur and/or larger mining concerns. The “Fancy That” claim was staked due to its high incidence of precious metals.
 Ideal for development or as a capital investment property.



Central coordinates are: 121° 28’ 34” W Longitude,  Lat. 50° 15’ 00” N Latitude 



 
Please see the Ministry Minfile below for a capsule summary

MINFILE No 092HSW049

 SUMMARY                                                                                                                                      

                                                                            NMI                       

Name              SUPERIOR, JIM KELLY 1, VAL        Mining Division       Similkameen

                                                                            BCGS Map              092H045

Status             Showing                                    NTS Map                 092H06E

Latitude           49º 29' 17" N                          UTM                       10 (NAD 83)

Longitude        121º 01' 45" W                      Northing                  5483580

                                                                            Easting                    642734

Commodities   Silver, Lead, Copper, Gold                 
Deposit Types           I05 : Polymetallic veins Ag-Pb-Zn+/-Au

Tectonic Belt    Intermontane                        Terrane                    Methow

             

Capsule Geology The Superior occurrence is underlain by sediments of the Lower to Upper Cretaceous Pasayten Group which are comprised of altered, fractured and fissured sandstone, conglomerate and pelite. These are intruded by diorite of the Late Jurassic and Early Cretaceous Eagle Plutonic Complex. To the north of the showing, the Upper Oligocene- Lower Miocene Coquihalla Formation comprised of basalt, rhyolite, tuff and agglomerate, caps Coquihalla Mountain.

The showing consists of a quartz vein which infills a fracture zone in the schistose rocks, nearly paralleling a diorite contact some 9 to 10 metres distant. The vein consists of quartz stringers within silicified and altered rock which attain a width of about 30 centimetres. The quartz hosts galena, pyrite, chalcopyrite and tetrahedrite. There is a 25-centimetre gouge, or talc-rich zone, on the hangingwall of the vein. The main workings consist of an opencut 31 by 4.5 by 1.5 metres in which about 27.2 tonnes of high-grade ore was mined and then lost by a flood.

In 1913, a sample of the high-grade ore assayed 2.06 grams per tonne gold and 1151.98 grams per tonne silver. A 1.3-metre sample across the lower end of the cut yielded trace gold and 20.57 grams per tonne silver (Minister of Mines Annual Report 1913, page 233).

In 1984, silicification and pyritization was found to be associated with east-trending faults. A major fault of this nature was found along the western boundary of the claim. Ten samples were taken from the pyritized areas and assayed between 0.34 and 1.71 grams per tonne silver and 0.034 gram per tonne gold (Assessment Report 12390).

 

 

Bibliography          EMPR AR *1913-227,232,233

EMPR ASS RPT 10961, *12390, 17865, 19306, 20470, 21805

EMPR EXPL *1982-171,172; 1984-184

GSC MAP 12-1969; 737A; 1069A; 41-1989

GSC MEM 139

GSC P 69-47

GSC SUM RPT *1922A, p. Fig.10

*Ray, G.E., Shearer, J.T., Niels, R.J. (1986): The Geology and  Geochemistry of the Carolin Gold Deposit, Southwest British  Columbia - Proceeding of Gold '86 Symposium, Toronto, pages  470-487, Fig.1, p. 471







please direct all inquiries to:
Larry Amey
Pres. & CEO
(604) 869-5511 - larry@gpex.ca
Serious parties only, please









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