Property: 39 claims covering 32,825 ha.
Location: Between the past producing Granduc Mine and Colorado’s KSP Property and 30 km to the southwest of Seabridge Gold KSM Project.
Owned: Colorado acquired a 100% interest in the Property through staking (29,425 ha) and the purchase of the Max claims (3,400 ha) from a third party, who holds a 2% NSR on the purchased claims.
Target: Copper skarns, copper +/- gold porphyries, polymetallic veins and gold veins.
Rock Type: Upper Triassic Stuhini Group and Jurassic Hazelton Volcanics and Sediment’s intruded by Early Jurassic monzo-diorites.
Historic work by previous operators identified 35 mineral occurrences (B.C Minfile) on the KingPin Property. Some of the highlights based on Colorado’s review of historical data include the following:
- Max Area - 15 Mineral occurrences cluster within 4 km of the Max Minfile occurrence and consist of porphyry, veins and skarn targets which appear to have been under appreciated for their gold potential even though areas like the Windy Tarn- Golden Jade zone reported a previous historical grab sample with a value of 45 g/t Au (See Assessment Report 21332). ,
- KingPin South - 3 Polymetallic +/- Gold Vein Mineral Occurrences are noted in the Granduc*- Doc area in the southern portion of the KingPin property in areas that have undergone significant glacial retreat since last worked and offer new areas to explore for vein targets similar to the adjacent Doc Property.
- Boulder Creek - 9 Mineral occurrences cluster in an area between Boulder Creek and the Unuk River in the SW portion of the KingPin Property. Gold potential of the vein and skarn targets is highlighted at occurrences like “Jim” with a previous historical grab sample which reported a value of 64 g/t Au (See Assessment Report EMPR AR 1911-66,67).
- KingPin West - over 15 km’s of favourable geology on trend from the KSP property and is highlighted by gossans and at least 5 Mineral occurrences. The B.C. Minister of Mines Annual Report in 1911 noted the Fewright occurrence, which was poorly documented and located but described as “a ledge 100 feet wide that runs the entire length of seven claims, carrying silver, copper, gold and lead”.
Investors are cautioned that the exploration target at KingPin is an early-stage exploration prospect, conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
The above technical information was prepared under the supervision of Greg Dawson, P.Geo. currently an independent contractor and Colorado’s previous VP of Exploration, a Qualified Person as defined in National Instruments 43-101 - Standards of Disclosure for Mineral Projects.