Perry Creek, British Columbia

The property consists of 943 ha (2,331 acres), located southwest of Cranbrook along one of the placer gold producing creeks in the area. The structure of the area is dominated by the regionally significant St. Mary’s Fault, with a number of smaller en echelon and splay faults. Proterozoic strata within the Perry Creek and Moyie River drainages host quartz plus carbonate veins with variable anomalous gold, locally including visible gold. No single lode source has yet been identified for the relatively significant placer gold recovery documented from these drainages. The presence of strong magnetic responses in the area suggest potential for buried Cretaceous intrusions to have provided mineralized source fluids for the vein mineralization identified.

A limited soil sampling program was completed on the property in 2005 and returned only weakly anomalous soil results. However, the presence of documented placer gold in Perry Creek, documented gold mineralization in adjacent properties and widespread occurrence of small felsic intrusions is interpreted to indicate potential for shear hosted gold analogous to that documented along the Old Baldy Fault System across the valley along the drainage divide between the Moyie River and Perry Creek.

Future work is recommended, comprised of further soil sampling along lines oriented perpendicular to stratigraphic contacts and/or structure. In addition, prospecting and geological mapping is recommended to attempt to locate quartz veins similar to those described elsewhere in the Perry Creek and Moyie River drainages, associated with gold plus silver plus lead plus zinc. In addition, given the presence of mapped and/or reported granitic intrusives in these drainages (i.e. Kiakho and Angus Creek stocks) as well as an association of felsite dykes and greenstone lenses, possible intrusion-related gold mineralization is suspected.

Jasper Mining Corporation, trading symbol: JSP

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