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BC Geologcal Survey Assessment Report 38364

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BC Geologcal Survey Assessment Report 38364 Assessment Report on the Mike Property Lillooet Mining Division Southern British Columbia, Canada Mineral Claims: 1063762, 1063763, 1063764, 1063765, 1063766, 1063767, 1063768, 1063769, 1063770, 1063771, 1063772, 1063773, 1063774 NTS Map Sheet 92J/13E, 14W Latitude 55°55’N / Longitude 123°25’W Prepared for Cresval Capital Corp. By Christopher Basil Coast Mountain Geological Ltd June, 2019 Contents Page Summary / Introduction….…………………………………………………………………………………………………………1 Property Description, Location and Access……….…………………………………….…………………………………1 Climate, Local Resources, Infrastructure and Physiography……………………..………………………………..3 History……………………………………………………………………………………………………………………………………….5 Regional Geology……………………………………………………………………………………………………………………….5 Property Geology……………………………………………………………………………………………………………………….6 Mineralization …………………………………………………………………………………………………………………………..7 2019 Ground Magnetics Survey……………………………………………………………………………………………….12 Conclusions…………………………………..…………………………………………………………………………………………15 References……………………………………………………………………………………………………………………………….16 Figure 1 – Location Plan…………………………………………………………………………………………………………….2 Figure 2 – Tenure Map………………………….…………………………………………………………………………………..4 Figure 3 – Regional Geology………………….…………………………………………………………………………………..9 Figure 4 – Local Geology……………………………………………………………………………………………………….…11 Figure 5 – Ground Magnetics Survey Location……………………………………………………..…….……………13 Figure 6 – Ground Magnetic Survey Plan ……………………………………………………………………..…………14 Table 1 – Tenure Details………………………………………………………………………………………………………….…3 Table 2 – Regional Geology Legend………………………………………………………………………………………….10 Appendix 1 – Ground Magnetic Survey Maps Appendix 2 – Statement of Qualifications Appendix 3 – Statement of Costs and Mineral Claim Exploration Work Confirmation Event Pages Summary / Introduction: This assessment report presents the findings of the geophysical exploration work carried out on behalf of Cresval Capital Corp’s on their Mike Property, west of Goldbridge BC, in the Lillooet Mining Division. This exploration work consisted of 92.1 line kilometers of ground magnetic surveys, with the field data acquisition work conducted from May 1 through May 5, 2019. The area of interest targeted for this work was over the western portion of the Mike Property, in the vicinity of the BR, NBR and Copper Plateau Minfile occurrences, on the Copper 11 and Copper 12 claims, (1063772, 1063773). The objective of the ground magnetic survey was to map magnetic features to assist with the mapping of geologic units and structures on the property. Survey conditions were good to excellent on the plateau, with about 2 meters of compact snow, with well frozen crust in the mornings, enabling excellent production over 48 lines and two perpendicular tie lines. The ground magnetic data was of very good quality and daily calibration readings were consistent. As hoped and expected the results showed a number of lithologic and structural features, the most pronounced being a large, ovoid shaped zone of intense magnetic gradient, as high as 9000 nT, which coincides with a partially mapped basalt. In the area of the Copper Plateau Minfile occurrence and geochem anomaly converging structures, (NNW and NNE) have been identified. Numerous other structures, ranging from northerly, northwesterly, northeasterly, and circular, (basalt neck?) were delineated from this survey and will provide focus and direction for follow up programs of mapping, sampling and geochemistry. Property Description, Location and Access: The Mike Property is composed of 13 mineral titles, 100% owned by Cresval Capital Corp, located in the Lillooet Mining Division in southwestern British Columbia. (see Figure 1) Mine Number: 1620591 Mine Coordinates: Latitude: 50.9150000 Longitude: -123.4247200 1 2 Table 1 – Tenure Details Title Claim Number Name Owner Map Expiry 1063762 COPPER 1 205969 (100%) 092J 2020/MAR/25 1063763 COPPER 2 205969 (100%) 092J 2020/MAR/25 1063764 COPPER 3 205969 (100%) 092J 2020/MAR/25 1063765 COPPER 4 205969 (100%) 092J 2020/MAR/25 1063766 COPPER 5 205969 (100%) 092J 2020/MAR/25 1063767 COPPER 6 205969 (100%) 092J 2020/MAR/25 1063768 COPPER 7 205969 (100%) 092J 2020/MAR/25 1063769 COPPER 8 205969 (100%) 092J 2020/MAR/25 1063770 COPPER 9 205969 (100%) 092J 2020/MAR/25 1063771 COPPER 10 205969 (100%) 092J 2020/MAR/25 1063772 COPPER 11 205969 (100%) 092J 2020/MAR/25 1063773 COPPER 12 205969 (100%) 092J 2020/MAR/25 1063774 COPPER 13 205969 (100%) 092J 2020/MAR/25 The Mike Property is accessible via Highway 99 from Vancouver, through Squamish, Whistler, Pemberton into Lillooet. From Lillooet access continues 110 kms westward along the Carpenter Lake Road, (Highway 40), to Goldbridge. From Goldbridge access continues south along the Hurley River Road for 4 kilometers to the junction with the Bridge River Forest Service Road. The access continues westwards on the Bridge River FSR along the southern shore of the Downton Lake reservoir. At approximately km 38 the Bridge River FSR crosses the Bridge River, then at 41 kms crosses Nichols Creek. Near km 46 the Bridge River FSR enters the Mike Property. The road continues another 10 kms into the Mike Property, turning northward up the Thunder Creek valley. The end of the Bridge River FSR is approximately 1.6 kilometers south of the Griswold (Russnor) Minfile showing. A 2 kilometer four wheel drive trail, (Russnor Trail), continues northward up the valley to a point across Thunder Creek from the Russnor showing. Climate, Local Resources, Infrastructure and Physiography: The property lies within and adjacent to the Dickson Range of the Pacific ranges along the eastern margin of the Coast Mountains. and is characterized by rugged mountainous terrain broken by minor isolated plateaus. Valley glaciation is widespread as evident in the "U" shaped valley of Nichols Creek. Three main water courses traverse the property: The north and south forks of the Bridge River, and its tributaries, Thunder Creek and Nichols Creek. Elevations on the property range from 1150m to over 2400m above sea level with slopes timber covered below 1700 to 1800m and generally glacier covered above 2200m. The forest cover of pine and spruce, with local dense alder chutes, is predominantly along the southern portion of 3 the property, within the Bridge River valley, as well as in the lower reaches of Thunder and Nichols Creek. At higher elevations vegetation includes alpine meadows, ranging to scrub spruce and balsam. Along the margins of the glaciers in the far north of the property alpine vegetation diminishes to mosses and lichen. The area has hot, dry summers and cold winters with high snowfall. The exploration season extends from May through October, although the higher elevations can be snow covered into July. The current means of access by land is from Goldbridge along the Bridge River Forest Service Road. An ATV trail extends 2 kilometers from the terminus of the Bridge River FSR, giving land access to the Russnor showing area. All remaining areas of the Mike property are accessed by helicopter. The nearest communities that provide logistical support are Goldbridge and Lillooet. The nearest source of power is just west of Goldbridge. 4 History: The exploration history on the property has been conducted separately on three main copper showings covering a 12 km extent of mineralization; the Nichol (Minfile 092JW 009) to the northeast, with the Russnor (Griswold Minfile 092JW 011) in the centre and the BR (Minfile 092JW 010) to the west. Exploration on the Mike property undertaken between 1929 and 1987, prior to initial acquisition by Cresval Capital Corp, involved approximately 95m of underground development in two adits, the Nichol (32.9m) and Russnor (62.5m), 1790.4m of diamond drilling in 25 holes, hand trenching and chip sampling, all focused on the three known showings. Limited mapping and preliminary rock and soil geochemistry were completed on the Nichol and Russnor showings with more complete mapping and a grid soil survey at the BR. A reconnaissance magnetic survey was completed in the Nichol area with grid magnetic and induced polarization surveys over the BR showing area. The Mike project was acquired by Cresval Captial Corp. (Cresval) in 2005, with additional claims added in 2007, 2009, 2010 and 2011. Exploration by Cresval, conducted between 2005 and 2018 has included: prospecting, mapping and sampling; a 7.8 line km induced polarization geophysics/MMI soil survey over the Canyon zone; a 4 line km soil survey and 47.35m of hand trenching on the Copper Plateau (above the BR showing); construction of a 2km access trail into, and a 13.5 line km soil survey on the Russnor showing; a 3.5 line km soil survey over the Windy Copper showing; 2031.5m of diamond drilling in 9 holes testing the Copper Plateau with 5 holes and the Russnor Breccia with 4 holes; and a 1149 line km airborne magnetic and radiometric survey. Regional Geology: The Mike property lies within the southeastern Coast Belt dominated by Cretaceous to Tertiary aged intrusive rocks of the Coast Plutonic Complex. To the east, the Coast Plutonic Complex intrudes Triassic to Jurassic island arc related volcano-sedimentary rocks of the Bridge River terrane, upper Cretaceous Powell Creek volcaniclastic rocks and Jura-Cretaceous sedimentary rocks of the Tyaughton Basin. The most recent regional mapping in the Mike property area was by Roddick and Woodsworth (1977). The surrounding area was mapped by Schiarizza et al. (1997) and a digital compilation was completed by Cui et al. (2017),
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