Dividend Property

Dividend Copper Gold Tungsten Project

Summary:

The Dividend Property consists of eleven contiguous claims comprising 1,367.31 ha.

Location:

The Dividend Property is located in the South Okanagan region of British Columbia. The property is situated 12kms East of the Nickel Plate Mine, Hedley BC. It is approximately 250 kms East of Vancouver, and 24 kms Southwest of the city of Penticton.

Mineralization:

Dividend

The Dividend showing is situated on the western slopes of Dividend Mountain at an elevation of approximately 1900 meters. The area is characterized by garnet-actinolite and pyroxene skarn alteration adjacent to crystalline marble, with host rocks including diorite, andesite, cherts, greenstone, and hornfels. Mineralization occurs in disseminated to massive pyrrhotite lenses, which also contain chalcopyrite, magnetite, pyrite, scheelite, and wolframite. Historical sampling highlights the presence of copper, silver, tungsten, and gold mineralization. Material collected in 1991 from the old workings contained up to 6.8 grams per tonne silver and 0.46 percent copper, while earlier assessments reported values including 0.44 percent copper, 1.71 grams per tonne silver, and 0.01 percent tungsten from chip samples. Another sample analyzed under ultraviolet light revealed 0.32 percent copper, 3.43 grams per tonne silver, 0.82 grams per tonne gold, and 0.33 percent tungsten.

Lookout

The Lookout showing on Green Mountain exhibits stratabound, skarn-type mineralization with gold, copper, and associated minerals. A quartz vein, 21 to 31 centimeters wide, was identified near a contact between fine-grained diorite and silicified limestone, hosting native gold, chalcopyrite, arsenopyrite, and pyrite. Quartz stringers and breccia fragments in faulted zones further contribute to the mineralization. The surrounding rocks, primarily fractured and faulted argillite, add to the mineralized potential. In 1987, grab and chip samples confirmed significant copper, silver, and tungsten values. Notable results include 0.21 percent copper, 1.03 grams per tonne silver, and 0.03 percent tungsten from grab samples, and 0.11 percent copper, 1.03 grams per tonne silver, and 0.03 grams per tonne gold from chip samples.

History:

The Dividend property, initially staked in 1900 following the discovery of a pyrrhotite oxidation cap. Early activity included shaft and open-cut mining by the Keremeos Mining Syndicate and subsequent ownership by Olalla Mining and Smelting Company. Significant work resumed in the 1960s, including geophysical surveys by Cominco and Apex Exploration. During the 1970s, Southcan Mining Ltd. consolidated multiple claims on Dividend Mountain, conducting soil sampling, magnetic surveys, and an aeromagnetic survey. Exploration in the 1980s by L. Reichert and Summit Pass Resources included geophysical surveys and rock sampling, targeting gold, copper, and tungsten mineralization. Additional soil geochemical surveys and rock sampling were performed by Crown Resource Corp. in 1991. After a lapse in exploration, the property was restaked in 2005. A large portion of the currant property was last covered by an Airborne survey in 2012 as a part of the larger Nelson Ker-Au Property.

Potential:

The Dividend Property shows strong promise for porphyry copper deposits, supported by its location near areas with known copper and molybdenum findings and signs of mineral-rich systems (Assessment Report 18251, pp. 19, 20, 57). The property potential to host economic base and precious metals deposits, including Au-Cu skarn, fracture-hosted Au-Ag, Au-rich quartz veining, and Cu-Mo ± Au-Ag porphyry-style mineralization.

Property Available for Option