BC Geological Survey Assessment Report 31294
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Exploration Report on MMI Sampling within the Gold Creek Property 2009 SOW 4415070 for $42,000.00 is to be applied to this report. SOW 4421168 for $3,000.00 is to be applied to this report. Bullion Gold Corp. 307 - 1500 Hardy Street, Kelowna, BC V1Y 8H2 Ph: 250-862-3088 Facsimile: 250-868-0798 EXPLORATION REPORT ON MOBILE METAL ION (MMI) SAMPLING PROGRAM WITHIN THE GOLD CRE E K P ROP E RTY CARIBOO GOLDFIE LDS PROJECT, LIKE LY AREA CARIBOO MINING DIVIS ION, BRITISH COLUMBIA LOCATED: 115 km northeast of the city of Williams Lake 52° 62’ North Latitude, and 121°54’ West Longitude NTS: 63A/12 WRITTEN FOR: Bullion Gold Corp. (the sub. of the parent Tiex Inc.) Suite 307, 1500 Hardy Street Kelowna, British Columbia V1Y8H2 WRITTEN BY: John B uckle, P.Geo. Geological Solutions 20 Segwun Rd. Waterdown, Ontario L0R 2H6 DATED: December 8th, 2009 1 CONTENTS LIST OF ILLUSTRATIONS ............................................................................................................................ 3 SUMMARY ................................................................................................................................................ 4 CONCLUSIONS AND RECOMMENDATIONS .............................................................................................. 4 INTRODUCTION AND GENERAL REMARKS ............................................................................................... 4 PROPERTY AND OWNERSHIP .................................................................................................................... 5 FIGURE 2 LOCATION MAP OF TIEX INC. CLAIMS OF THE CARIBOO GOLDFIELDS PROJECT….9 LOCATION AND ACCESS .......................................................................................................................... 10 PHYSIOGRAPHY ...................................................................................................................................... 10 PREVIOUS WORK ..................................................................................................................................... 11 GEOLOGY ................................................................................................................................................ 15 REGIONAL ............................................................................................................................................ 15 PROPERTY ............................................................................................................................................... 19 MINERALIZATION .................................................................................................................................... 20 GOLD CREEK SECTION ............................................................................................................. 20 Lithology ....................................................................................................................................... 20 Structure ....................................................................................................................................... 21 Gold Mineralization and Alteration ......................................................................................... 22 DIAMOND DRILLING ............................................................................................................................... 22 DRILLHOLES ......................................................................................................................................... 23 SAMPLING PROCEDURE .......................................................................................................................... 24 ANALYTICAL METHODS ........................................................................................................................... 24 COMPILATION OF DATA .......................................................................................................................... 25 DISCUSSION OF RESULTS ........................................................................................................................ 25 SELECTED BIBLIOGRAPHY ....................................................................................................................... 25 AUTHOR’S CERTIFICATE ......................................................................................................................... 26 APPENDIX B: STATEMENT OF EXPENDITURES……………………………………………………………………...51 2 LIST OF ILLUSTRATIONS Table 1 Table of Contiguous Claims Comprising the Cariboo Goldfields Project ..................................... 6 Table 2 Drillhole location ........................................................................................................................ 23 Figure 1 General Location Map of Gold Creek Project ........................................................................................ 5 Figure 2 Local Location of Gold Creek Project and Claim boundaries ......................................................... 6 Figure 3 Location of drillholes .................................................................................................................................... 24 3 SUMMARY The MMI sampling program was carried out on the Gold Creek Grid, within the northwest section of the Cariboo Goldfields Project, during the explorations season of 2009. The sampling grids are located near the community of Likely, approximately 40 km north‐northwest of the settlement of Horsefly and approximately 115 km northeast of the town of Williams Lake within the Cariboo Mining Division of B.C. The general purpose of the MMI geochemical sampling survey of the sampling on this property is to locate the extent of gold mineralization identified in the drilling and indicated in the mapping of the Gold Creek outcrop. The geochemical results were also used as an interpretation aid for the induced polarization geophysical data also conducted on the Gold Creek prospect. The sampling program consisted of 693 samples. These samples were bagged and 343 of these samples were sent to SGS Laboratories in Toronto, Ontario for analysis where they were tested for 8 elements. The remaining 350 bagged samples are being held in storage ready to send into SGS Laboratories in Toronto, Ontario. The analysis of elements, other than gold, was used as an indicator for future mapping and exploration purposes. The results for these samples are presented in Appendix A. CONCLUSIONS AND RECOMMENDATIONS The interpretation of the MMI survey indicates that the gold zone is striking north‐north‐west on the west side of the Poquette valley and forming a ring of anomalous gold values around an interpreted diorite intrusive on claim 544520. It is recommended that the MMI geochemical grid be extended to the west to cover the interpreted location of quartz diorite intrusive. Induced polarization and magnetometer surveying also recommended on the same grid. Drilling is recommended for the anomalous targets identified on the eastern side of the grid where anomalies were indicated by the 2008 induced polarization survey. INTRODUCTION AND GENERAL REMARKS This report discusses the MMI soil sampling survey, analytical results and geological interpretation of 344 MMI soil samples on the Gold Creek prospect within the Cariboo Goldfields Project, which is located to the northeast of Williams Lake, BC, and is owned by Tiex Inc. The geochemical work was carried out by an experience sampling crew of two men, during the period of June 9th to July 20th, 2009. The main purpose of the exploration program on this property is to look for gold mineralization. The purpose of the sampling program was to test the continuity of mineralization observed in the Gold Creek prospect outcrop and an anomalous zone identified in the MMI geochemical survey. MMI stands for mobile metal ions and describes ions, which have moved in the weathering zone and that are weakly or loosely attached to surface soil particles. MMI, which requires special sampling and testing techniques, are particularly useful in responding to mineralization at depth probably in excess 4 of 700 meters. It also is not affected by glacial till, while standard soil sample techniques are. MMI is characterized in having a high signal to noise ratio and therefore can provide accurate drill targets. However, it may also move along fault lines and therefore could show the causative source to be laterally moved from where it actually is. PROPERTY AND OWNERSHIP The Cariboo Goldfields Project is comprised of 77 mineral claims covering a total area of 135,993.60 hectares described as follows and as shown on table 1. The Gold Creek prospect approximately comprises the following 10 claims: 519613, 408756, 408757, 408758, 408759, 537744, 514859, 537740, 544520, 593917. Fort St. John Dawson Creek Terrace Prince Rupert Prince George QuesnelGoldGold CreekCreek Williams Lake Revelstoke Enderby Armstrong Merritt Cranbrook Courtenay Kelowna Coquitlam Nelson Castlegar Burnaby Abbotsford Grand Forks Duncan Colwood Victoria MapMapMaMapp Center:Center:Center: 54.4781N54.4781N54.4781N 124.7082W124.7082W124.7082W FIGURE 1 GENERAL LOCATION MAP OF GOLD CREEK PROJECT 5 FIGURE 2 LOCAL LOCATION OF GOLD CREEK PROJECT AND CLAIM BOUNDARIES TABLE 1 TABLE OF CONTIGUOUS CLAIMS COMPRISING THE CARIBOO GOLDFIELDS PROJECT Tenure Tenure Number Claim Name Type Good To Date Area (ha) 408756 MAR 1 Mineral 2016/mar/01 25.0 408757 MAR 2 Mineral 2016/mar/01 25.0 408758 MAR 3 Mineral 2016/mar/01 25.0 408759 MAR 4 Mineral