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Bathurst Mining Camp (BMC)

The Bathurst Mining Camp is one of the most prolific Base Metal mining camps in the world. Canada. There are 46 known VMS deposits that have been discovered in the BMC with varying tonnages and grades of base metals, primarily lead, zinc, copper and silver. Significant amounts of gold is also been contained in some of the deposits, and one was mined for the gold content.

All of the significant VMS deposits are stratigraphically situated on the same layer of feldspar-quartz phyric volcanic rocks located around the edge of the BMC (Bathurst Mining Camp) and generally falling into the same age of 469+/- 0.3 million years.Since initial production in 1956 at Heathe Steele the BMC has produced a total of 177,350,000 tonnes of ore at an average grade of 3.12% Pb, 7.40% Zn, 0.42% Cu and 94 g/t Ag (3.03 opt) including approximately 150 million tonnes fromBrunswick #12 and #6 mines, Heathe Steele produced approximately 22 million tonnes and the Caribou Mineproduced 2-2.5 million tonnes. The estimated total tonnage currently left in the ground is 315,672,000 tonnes, of primarily copper mineralization and 101,300,000 tonnes of Pb-Zn mineralization. These are not 43-101 compliant resources and is based on reports in public files.

The Chester Copper & VMS Deposit:

The Chester VMS deposit is located at the southern edge of the BMC.Exploration work on the deposit in the past 16 years has put it into the same age group, and therefore the same stratigraphic environment, as the other major VMS deposits in the BMC. The Chester Deposit consists of a VMS base metal deposit with an intact copper stringer zone. It is fairly flat-lying and dipping to the west at about 16°.Recent work has also identified several other zones of potential copper and base metal mineralization. as well as significant undrilled geophysical targets.The down dip portion of the deposit has also not been adequately tested by drilling.