2013 01-12 columbia belle fact sheet (2)

Columbia Belle Fact Sheet, January, 2013 1 of 7

Targets The target at Columbia Belle is a high grade zinc (+20%), lead (+4%) and silver stratiform massive sulphide deposit. The property also has potential for quarrying of limestone.

Description The Columbia Belle (Rift) property is a SEDEX Zn-Pb-Ag prospect discovered in August 1980 on Rift Creek adjacent to Highway 23 near its confluence with the Columbia River, 10 km south of Mica Dam. The stratabound massive sulfide discovery showing, located 800 m asl, assayed 30% zinc and 7% lead over 0.8 m. Several other massive sulphide occurrences have been subsequently discovered within a 400 m thick unit of metasedimentary and metavolcanic rocks that are bounded by marble units and are intruded by sills and dykes of porphyritic quartz monzonite. The best intersection from a 5 hole, 1985 drill program included 1.82 m of high-grade sulfides (22% zinc, 5% lead) at a point approximately 400 m east of the original discovery. The Property is located in the northern Selkirk Mountains in southeastern British Columbia, some 150 km north of the town of Revelstoke. The region is well serviced by grid electric power, mainline logging roads and Revelstoke with service shops for welding, electrical, machining and heavy equipment maintenance as well as a 1,460 m paved runway at the airport. The property is located on NTS map sheet 082M15 and centered at latitude 51°53'N and longitude 118°35'W (390344E, 5749684N UTM, NAD83 Zone 11). Logging roads provide access to much of the Property. The Property is located 30 km north of the Goldstream mine (VMS deposit), and 27 km northeast of the Ruddock Creek SEDEX deposit, within a zone of highest ranking for mineral discovery potential by the British Columbia Geological Survey.

Access The resource and transportation hub city of Revelstoke (population ~7,200) is on the CPR mainline and on Trans-Canada Highway No. 1, about 6 hours driving time (640 km) east of Vancouver, British Columbia. Access to the eastern part of the property is via paved Highway 23, 150 km north of Revelstoke. From here, B.C. Hydro access roads and private logging roads owned by Beaumont Timber Co. Ltd. (“Beaumont”), Louisiana-Pacific Canada Ltd. (“Louisiana-Pacific”) and Revelstoke Community Forest Corporation extend eastward into the central part of the Property and the area of the Rift showing. Access to the southern part of the Property is via the Bigmouth Forest Service Road which crosses Bigmouth Creek at 6.5 km and at 7.4 km and which connects to a network of active logging roads north of the creek.

Land Ownership

The Property consists of eleven BCMTO mineral tenures covering 5,389 ha, owned by John A. Chapman (50%) and Gerald G. Carlson on behalf of KGE Management Ltd. (50%). The Columbia Belle Property is available for Option. Beaumont owns base metal rights to a small portion of the Property along the east side of the Columbia River, including the original Rift showing area.

Area History

1980: E&B Explorations, Inc. (“E&B”) discovered the Rift massive sulphide occurrence during a reconnaissance prospecting program. By 1981, E&B had staked 749 claims.

1981-1985: E&B carried out grid based exploration including soil sampling, a magnetometer survey, mapping, prospecting and five drill holes. Best intersection was 27% Zn+Pb over 1.8 m. One of the holes intersected the massive sulphide horizon to the east of the Beaumont tenure boundary.

Mid 1980’s: Beaumont discovered several more massive sulfide occurrences and completed a diamond drilling program. Results have not been released.

1990: Corona Corp. drilled one hole east of the showing area. 1999: Orphan Boy Resources Inc. completed a rock and soil sampling program,

magnetometer survey, mapping and prospecting, confirming the earlier massive sulphide discoveries and discovered the new Roe massive sulphide occurrence with anomalous silver (2.5 ppm) and copper (800 ppm).

2010: The Property was acquired by John Chapman and Gerald G. Carlson who


subsequently significantly expanded the claim block by staking. 2010: The Property was optioned to Goldstar Minerals Inc. (“Goldstar”) who contracted

Geotech Ltd. to fly a property-wide, low level airborne VTEM electromagnetic and magnetic survey. Later in the year, soil sampling and prospecting were carried out over select VTEM targets. Subsequent work has suggested that VTEM was not a good choice as the massive sulphide horizon does not appear to be a strong conductor, while the major EM anomaly detected appears to have been caused by graphite-bearing sediments (see drill results, next bullet).

2011: Goldstar carried out a small grid soil geochemical survey followed by drilling of 503.5 m of core in two holes, testing one of the conductors identified by the VTEM survey. The drill holes cut thick sections of quartz-biotite schist, marble, quartz-muscovite schist and a 16m thick sub-vertical graphitic rich fault/breccia zone. No significant base metal or precious metal mineralization was intersected in the drilling. However, the graphite-rich fault/breccia zone encountered in DDH CB11-001 does explain in part the thin conductive anomaly from the VTEM survey.

Geology The Big Bend area of the northern Selkirk Mountains is part of the eastern margin of the Omineca Tectonic Belt, situated between the fold and thrust-fault belt of the southern Canadian Rockies on the east and the Horsethief Creek Group and Shuswap Metamorphic Complex to the west. The area is underlain by strongly deformed Neoproterozoic to Late Paleozoic metasedimentary and metavolcanic rocks of the Kootenay Terrane which have been intruded by a number of granitic plutons. The Shuswap and Monashee Complex is separated from the rocks of the Big Bend area by the east dipping Columbia River fault zone, a major extensional fault of Eocene age.

The geology of the Rift property has been mapped by Gibson (1981, 1982 and 1983), Gibson and Höy (1985), Hicks (1982), Bellamy (1990) and Payne (1999). The Rift Zn-Pb occurrence has been shown to be underlain by a generally northeasterly striking, shallow to moderate southeasterly dipping, isoclinally deformed sequence of metavolcanic and metasedimentary rocks of the Lower


Cambrian, Lardeau Group. A distinctive marble unit of the Badshot Formation or lower Lardeau Group has been traced northerly from the Goldstream River area (Logan and Colpron, 1995). These host rocks are part of the Selkirk Allochthon and are situated in the hangingwall of the Columbia River fault system. The massive sulphide horizon was mapped as part of a 400 metre thick, largely schistose interval of the Lardeau Group. Porphyritic K-feldspar-garnet-biotite quartz monzonite has intruded the metasedimentary rocks as sills, dykes and <10cm layer-parallel, anastomosing lenses. Approximately 100m upslope from the sulphide layer is a 15m thick sheared ultramafic body.

Mineral-ization

The British Columbia Geological Survey Branch ranks the Big Bend region among the top ten percent in the province for metallic and industrial mineral deposit discovery potential. The Rift showing consists of a number of layers of massive sphalerite, pyrite, pyrrhotite, and galena with traces of chalcopyrite, arsenopyrite, marcasite and hematite and is exposed on surface for some 25m of strike length. The massive sulphide layer is up to 2m thick; mapping and sampling by Hicks (1982) suggests an average width of less than a metre. The main Rift showing was chip sampled by Hicks (1982) with 25 samples from the massive sulphide averaging 29.74% Zn and 5.28% Pb over an average width of 0.95m (Payne, 1999). A number of thin discontinuous massive sulphide lenses, separated by country rock with disseminated sulphides occur in the immediate 2-3m of footwall rocks (Gibson and Höy, 1985). Sampling of the footwall by Hicks (1982) gave a weighted average grade of 3.11% Zn, 0.48% Pb, and 0.01% Cu. A second massive sulphide zone, called the 'upper showing' by Hicks (1982), is exposed approximately 90m stratigraphically above the main Rift creek showing. During the 1999 field program, 34 rock samples were collected from the property which confirm reported zinc and lead values from the 1980 to 1985 rock sampling. The Roe showing consists of siliceous banded massive iron sulphide with anomalous copper and silver values.

Potential The Columbia Belle has demonstrated high grade of zinc-lead massive sulphide mineralization observed on surface and in drill holes over a relatively small area. Geological mapping has shown that the favourable horizon potentially extends through a large portion of the property. Massive sulphide mineralization of this type can typically occur over a large areal extent, deposits often occur in clusters, and in deformed rocks such as these, the best deposits often occur in the nose of folds, where the strata have been significantly thickened.

Recom-mended Explor-ation

The best prospecting tools are detailed geological mapping and soil sampling, followed by drilling. The mapping and sampling have already been carried out over the main showing area, but should be expanded to cover the area to the east and northeast of the main Rift showing area. The extension of the main mineralized zone to the east is ready for drill testing from the area of a recent clear cut by Louisiana-Pacific.

Status The Columbia Belle property is available for option. Contact John A. Chapman at 604.612.9438 ([email protected]) or Gerald G. Carlson at 604.816.3012 ([email protected]).

Selected Recent References

Payne, Craig W, 2002, Summary Report on the Rift Property, prepared for Orphan Boy Resources Inc.

MacIntyre, Don, 2010, Technical Report: Columbia Belle Zn‐Pb Property, prepared for Goldstar Minerals Inc.

Payne, Craig W., 2012, Assessment Report: 2011 Soil Geochemical and Core Drilling Report, prepared for

Goldstar Minerals Inc.


Google Earth image of Columbia Belle property showing the Columbia River and Mica Dam in the background.

2013 01-12 columbia belle fact sheet (2)

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