The Damascus Silver Vein is a structurally controlled precious and base metal vein located 1.7 km east of the Seel Porphyry. Historic diamond drilling and trenching has traced the vein over a strike length of approximately 400 m and the vein has an average width of approximately 1.5 m. Galena, sphalerite, chalcopyrite, arsenopyrite, and pyrite are the dominant sulfide minerals. Two other similar vein occurrences are known in the area but have received very little exploration work. The best drill intersection encountered on the Damascus Vein was in DM-21 where a 3.8 metre core length (2.8 m true width) returned assays averaging 1228.6 g/t Ag, 7.32% Pb and 5.76% Zn. Select drill hole intercepts from the Damascus Silver Vein are summarized in the table below.

Select historic drill intercepts from the Damascus Silver Vein

Hole Length of intercept Ag g/t Au g/t Pb% Zn%
DM-15 1.3 277.1 0.37 1.89 4
DM-16 1.1 101.7 0.81 1.15 6.72
DM-26 1.3 209.9 0.01 2.14 2.53
DM-21 3.8 1228.6 0.31 7.32 5.67
DM-23 1.5 230.7 0.66 3.92 3.35
DM-37 0.9 1244.1 0.9 6.33 9.74
DM-39 1 223 0.4 2.36 3.68
DM-43 1.3 189.7 0.3 1.34 2.44
DM-46 2.6 271.2 0.15 3.48 2.12
DM-40 2.7 121.6 0.59 1.01 2.91
DM-41 1.1 340.6 1.24 3.32 6.24
DM-42 2.7 60.8 0.24 1.38 2.33
DM-29 1 35.1 0.31 0.46 7.85
DM-51 1.5 194.3 0.72 1.1 2.7

 

A historical resource estimate has been reported for the Damascus Silver Vein containing resources of 196,000 tonnes at 411 g/t Ag, and 7% combined Pb + Zn to a down dip depth of 100 m.  These resources are historical and are not compliant with NI 43-101.  They were estimated for Lansdowne Oil and Minerals in a 1984 company report titled “Review of 1982-83 Exploration Lean-To and Panther Groups of Mineral Claims Tahtsa Lake Area Omineca Mining Division BC”.  The historical estimate was done using a cross sectional method based on drill holes and additional drilling is required to verify the historical estimate.  A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and Gold Reach is not treating the historical estimate as current mineral resources or mineral reserves.