Lancers Mountain Gold
Gold, Silver, Lead, Zinc, Molybdenum
Lancers Mountain Gold is located approximately 160 miles northwest of Vancouver, and is characterized by gold, silver,
lead, zinc, copper, and molybdenum mineralization. As documented in ,
there are at least
four major gossanous zones with an average size measuring 50 by 50 metres. On the northeast flank of Lancers Mountain a
select grab sample from a trench cut in a silicified felsic dyke assayed 35,513 grams (1,141 ounces) per tonne silver, 56.6
grams (1.81 ounces) per tonne gold, 1.2% zinc and 0.39% lead.
The property also includes the Hannah prospect (). The Hannah is a showing of gold,
and molybdenum mineralization in altered intrusive rocks located 8 kilometres southeast of Lancers Mountain. Assay results
from 64 channel and chip samples revealed that gold and molybdenum were more significant than copper and silver. The
average assay for gold was 1 gram per tonne (maximum 11.3), and for molybdenum was 0.087% (maximum 1.25%).
Another important area is the Discovery zone where a shear zone in the quartz monzonite stock is intruded by felsic to
intermediate porphyritic dykes. The zone has been explored by diamond drilling and trenching; with one 1 metre section in a
trench assaying 18 grams per tonne gold, 44 grams per tonne silver and 3.26% copper.
Elsewhere on the property in the Conductor "F" zone, the sheared contact between a feldspar porphyry dyke and silicified
monzonite is marked by strong sulphide mineralization. A select grab sample from here assayed 126 grams (4.05 ounces) per
tonne gold and over 1% copper, and a 2-metre channel sample averaged 85 grams (2.73 ounces) per tonne gold, 51 grams per
tonne silver, and over 1% copper ().
Despite some very high though sporadic geochemical results, most exploration efforts thus far in the area have not yet
defined significant widths of economic mineralization, although the potential at depth is not discounted. It should be
noted that the property is characterized by rugged terrain and harsh weather conditions that have severely limited
exploration to date. The Company believes that despite its lack of infrastructure, the remarkably high assays such as 4.05
ounces per tonne gold in the Conductor zone and 1,141 ounces per tonne silver on Lancers Mountain make the property an
attractive exploration target and a suitable joint-venture prospect of merit.