BONAPARTE

The Bonaparte copper-gold property is located approximately 50km north of Kamloops, B.C., within the Kamloops Mining Division. The Bonaparte mineral claims are located on NTS map sheet 92I/16W and 92P/1W, the centre of the property is located at 50°59’38.61” North longitude and 120°26’11.29” West latitude. There are two reported Minfile Occurrences located on the property consisting of (Bonaparte 092 050) and (JS Molybdenite 092INE178).

The property has different target areas including:

• Cu/Au/Mo porphyry potential
• Bulk-tonnage RIRGS target with high grade gold results in historic drilling, trenching, underground exploration**
• High grade gold-copper veins.

Comments from geological examinations by geologists from the British Columbia Geological Survey, Ministry of Energy, Mines and Natural Gas state: “We speculate that the Bonaparte deposit represents an upper level of a buried porphyry system.” Reference for this is located in: Bonaparte gold: another 195 Ma porphyry Au-Cu deposit in southern British Columbia? James M. Logan and Mitchell G. Mihalynuk, British Columbia Geological Survey, Ministry of Energy, Mines and Natural Gas, page 71, 2013.

• The property is located in the Kamloops Mining Division consisting of 3 mineral tenures (claims) covering 2969.6 hectares.
• The main area of exploration for gold to date was called the Discovery area.
• The property hosts the Bonaparte mineral occurrence (MINFILE No. 092P 050) designated by MINFILE as a developed prospect. Mineralization primarily occurs in a series of north-south trending quartz veins hosted mainly by the quartz diorite intrusion. Locally, the massive white quartz veins contain up to several per cent sulphides consisting of pyrite with lesser chalcopyrite, pyrrhotite and molybdenite. Native gold is also evident but generally is associated with silver-grey tellurides.
• Mineralization is associated with a series of near north-south trending quartz veins hosted mainly by a quartz diorite intrusive within an area referred to as the “Discovery Zone” which covers an area measuring 300m east-west by 350m north-south. At least 9 gold bearing quartz veins have been located to date on the property through trenching and drilling.
• Between 1986 and 2018 approximately 149 NQ and HQ drill holes totaling 9,194m, 66 backhoe trenches and 12 reverse circulation drill holes have been completed in the Discovery Zone and immediate area.
• In 1994 a 3,700 metric ton bulk sample of mineralized vein material from surface trenching to a vertical depth of 12.2m from an open cut on the Nutcracker, Owl, Grey Jay and Crow vein systems, with an average grade of 25.4 g/t Au produced 3,160 ounces of gold. In 2009 a 3m X 3m decline was collared on the Raven vein and the underground development program was designed to evaluate the vein.system at depth. A total of 161m of underground development was completed.
• In 2010 a small bulk sample from the Crow Vein was shipped to the Kinross Mill in Republic, Washington. The 364-ton sample assayed 16.3 g/t Au (0.475 oz/t Au), yielding 161.95 troy ounces of gold.
• In a number of cases, anomalous gold values occurred in shear zones or in country rock. In drill hole 89-8, a section of hornfels containing very narrow quartz stringers returned 44.57 gm/t Au over 0.68m. In several cases altered intrusive rock returned elevated gold values ie in Trench 89- 8 siliceous quartz diorite adjacent to the Flicker Vein ran up to 16.45 g/t Au/1.0m long panel sample. Siliceous quartz diorite in drill hole 89-12, which was not related to quartz veining returned 7.44g/t Au / 0.42m. In all of the three above examples, the auriferous country rock was indistinguishable from adjacent barren rock. A final example of gold grades not confined to quartz veining was in Trench TR-89-004 where a shear zone containing narrow quartz stringers returned 21.02g/t Au / 1.5m true width.
• Gold grades from drill hole intercepts vary widely up to 321.26g/t Au over 0.56m core width (DDH89-6, 24.79m to 25.35m). All of the mineralized quartz veins are open to extension along strike and to depth.
• Drill hole 15-05 located roughly 500m east of the Grey-Jay vein system tested a coincident resistivity and Cu-Au soil geochemical anomaly encountering quartz veins in granodiorite similar to those encountered in Bonaparte Gold Project Technical Report Page 7 the Discovery Zone. Assay results from DDH 15-05 returned 7.88g/t gold, 38.4g/t silver and 0.33% copper over a 1.0m core width. The 1988 soil geochemical surveys along Cooler Creek identified many anomalous Au-Cu soil geochemical anomalies with soil results reporting up to 3,270ppb Au and a rock grab sample of quartz vein material reporting 73.03g/t Au (2.13opt Au).
• In 2013 and 2014, a magnetometer and Volterra 3D Induced Polarization geophysical surveys covered an area measuring 800m east-west which extending to the south 1.2km. This survey covered the Cooler Creek drainage area and higher ground covered by a cap of basalt located immediately to the south of the Discovery Zone. The extent of the Volterra 3D IP and ground magnetic surveys substantially extended the strike length of the high-grade Discovery Zone trend over 1.2km to the south-southeast. The zone remains open to extension. Several parallel features of similar chargeability and resistivity signatures were also identified. To the southwest of the Discovery Zone, the surveys identified a large magnetic anomaly comprised of extreme highs and lows with coincident IP chargeability responses below a younger basalt cap suggesting the presence of a multi-phase intrusive body.
• Existing geophysical data indicates the potential for a large porphyry system situated approximately 1km South of the original Discovery Zone. A second and smaller zone also appears to lie below the original Discovery Zone at depth. Data indicates the larger southerly body begins near the surface and gradually increases in size to approximately 3km wide x 2km wide at approximately 275m depth and then gradually decreases in size to a depth of 500m which is the extent of the geophysical data. 
• The overlapping low resistivity and high chargeability anomalies suggest there is a very good probability that they represent mineralized zones. With that said, a few carefully selected exploratory drill-holes may change everything.

Decade obtained 1662 g/t Au and 0.88% Cu in sampling on a narrow quartz vein along the side of an open cut from which a 3,700 metric ton bulk sample of mineralized vein material with an average grade of 25.4 g/t Au produced 3,160 ounces of gold. (Press Release October 30 2024).

The Bonaparte Gold project constitutes a property of merit based on a favourable geological setting, the presence of nine (9) gold bearing quartz veins in an area measuring 300m X 350m in size which are open to extension along strike and to depth where multi ounce gold assays have been intersected in drilling. This potential is substantiated by the presence of historical copper and gold soil geochemical results extending to the southeast from the Discovery Zone where gold in soil results are reported with up to 3,270ppb Au as well as prospecting uncovering a quartz vein float sample which assayed 73.03g/t Au. Drilling in 2015 confirms this as well with additional gold bearing quartz veins located outside of the Discovery Zone in the Cooler Creek area.

2026 Plans

• Further soil and rock sampling
• Mapping
• Diamond drilling of the porphyry copper-gold targets and high-grade gold-copper veins

Mr. Ed Kruchkowski, P.Geo (British Columbia), is the Qualified Person as defined by National Instrument 43-101 who has examined and reviewed this page and geological information available from public sources related to the property, and is responsible for approving the technical contents of this page. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to the historical drill results and any sampling. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.