PROJECT

The technical information with respect to the Property is derived from a Technical Report dated April 24, 2021, prepared for the Company in accordance with NI 43-101 by the Author. The Author is an independent Qualified Person for the purposes of NI 43-101. The full text of the Technical Report is available HERE.

Property Description, Location and Access

THE WHITEWATER PROPERTY

The Property consists of six mining claims totaling approximately 2,281.72 hectares in two claim blocks referred as Whitewater Property North Block and Whitewater Property South Block. Each block consists of three contiguous claims, located in Slocan Mining Division (BCGS Map 082K005, NTS Map 082K03E), Kaslo, British Columbia, Canada. The area is located about 26 kilometers northeast of Kaslo which in turn is 70 kilometers to the north of Nelson on Highway 31. There are no known environmental liabilities and no permits have been applied for or acquired for the Property. There is no indian reserve or First Nations treaty land on the Property, however the Property is regionally in a broad consultative area of several First Nations from Okanagan Valley to the Kootenays. The Company may be required to consult with the First Nations communities when drilling, trenching or other intrusive exploration work permit is applied.

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The property consists of two claim blocks, a North block and a South block located at the south end of the Goat Range in the Selkirk Mountains. It is located at Retallack which is a mining ghost town on highway 31A between towns of Kaslo and New Denver located 26km and 20km respectively from the Property (Figure 3). The town of Kaslo is located to the southeast of the Property on Kootenay Lake in the West Kootenay region of British Columbia. Kaslo is 69km (43 miles) from Nelson, following Highway BC-31 to the south. Highway 31A crosses the South Claim Block of the Property.

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At KM 25 from Kaslo on Highway 31A-W, the North Block of the property is approximately 4 km to the north of the highway. The northern edge of the South Block is 4 km south of Retallack on Highway 31A. The access to North block is generally on a four-wheel vehicle and then on foot (1.5-2 km) by following either of the two trails, the Whitewater Creek Trail, or the Lyle Creek Trail. Lower reaches of both trails can be accessed by four-wheel vehicles and the upper reaches near the Property claim boundary is reachable on foot or using an all terrain vehicle (ATV). Drilling operations in the Southern Claim Block can be readily done due to good road access whereas in the Northern Claim Block will need helicopter supported drill program.

HISTORY

Exploration of the property area dates to the late 1800s when polymetallic silver-lead-zinc veins, such as the Gold Quartz showing were first discovered. The major discovery of gold was made in Kaslo formation at Highland Surprise Mine, located 1-2 km south of the Property. Several companies were involved in exploration activities in the claim area from time to time.


Hi-Ridge Resources Ltd. in the year 1972 completed an exploration program involving geological mapping, prospecting, magnetometer surveying and diamond drilling. Pan Ocean Oil Limited in the year 1973 carried out geological mapping of the property area. Amoco Canada Petroleum Company Limited in 1979 did soil sampling which indicated the presence of several anomalous concentrations of gold. There are six mineral showings (Minfile Occurrences) documented for the Property area which are: i) Gold Quartz (silver, gold, lead, zinc, copper), ii) Bollinger (gold, lead, copper), iii) Gold Quartz Ridge (silver, gold, copper), iv) Gold Quartz B Zone (silver, gold, lead, copper), v) Tom (copper), and vi) Lucky Boy (silver, gold, lead, zinc).

Geology & Mineralization

Geologically, the Property area occurs in the southern part of the Goat Range of eastern Selkirk Mountains which lies within the Kootenay Arc terrane, which is a curving belt of complexly deformed sedimentary, volcanic, and metamorphic rocks extending southeasterly from Revelstoke, to Kootenay Lake in British Columbia and then southerly into the United States. It consists of lower Paleozoic and Mesozoic rocks on the west flank of the Purcell Anticlinorium. The limestone, dolomite, clastic sedimentary rocks, and volcanic rocks of Paleozoic and early Mesozoic age in the arc were intensely deformed during early Paleozoic and Middle Jurassic time. 

Locally, the Property area is underlain by the rocks of Kaslo group and Slocan Group. The Kaslo Group is widely exposed and covers a major portion in the northern block of the property, and consists of mafic volcanic rocks, serpentinite, intrusives, and associated sedimentary rocks. 

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The Whitewater Fault occurs at the base of the ultramafic unit and divide the Kaslo Group into upper and lower plates. Where exposed, the Whitewater Fault is a shear zone that is folded by folds associated with the Dryden Anticline. The Slocan Group consists of thick sequence of grey to dark grey phyllite and slate which are thin bedded to massive and defined by dark grey colour bands, sandy and calcareous layers that weather into differential relief because of slight compositional variations. The Slocan Group rests with slight angular unconformity on the Marten conglomerate. The age of the Slocan Group is Late Triassic. The intrusive rocks in the area include diorite, granite, and lamprophyre dikes. All rock units exposed on the Property have undergone some degree of regional metamorphism.

The Property area is known mainly for silver bearing deposit types where Slocan Group is the main source of economic mineralization, and the Kaslo Group is known for several mineral showings but few of them have economic importance. Mineralization has chiefly taken the form of fissure vein deposits. Replacement of the wall-rock is a common feature, its degree depending on the character of the enclosing rocks. According to the geological model, regional faults and major structural discontinuities that have great strike lengths and extend deep in the crust are important mineralization controls because they provide conduits for the movement of mineralized fluids.

SAMPLING

Traction Exploration Inc. completed an exploration programme on the Property from August- 14 to August-28, 2020. The focus of the fieldwork was to collect representative rock samples along with the geological and structural observations from Kaslo group and Slocan group sequence. The sampling program was designed to represent all prospective geological units and formations.

A total of 121 outcrop grab samples from outcrops, floats and fault related broken rubble material were collected during this campaign. Main target for sampling was brown to whitish quartz veins ranging in thickness from 1cm to 60 cm (commonly 10cm-20cm with 1-2% sulphides and occasionally up to 5% sulphides including pyrite, pyrrhotite, galena, and chalcopyrite). Serpentinized ultramafic rocks, sulphide bearing phyllites and intrusives were also sampled occasionally. A total of 62 samples were collected from Slocan Group, 46 from the Kaslo Group (20 from the Lower Plate Sequence and 26 from the upper Plate Sequence), three samples were from intrusives, and 10 samples were field duplicates.

Rock diorites and ultramafics belonging to Kaslo Group

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Broken rock material brought down by glaciers

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The analytical results of samples indicate that silver is the main target element for further exploration. Anomalous values of gold, copper, manganese, and nickel are also found in a few samples.

  • Silver values are in the range of 0.05 parts per million (ppm) to 135 ppm (4.32 ounces per tonne), 14 samples are over one ppm, 30 samples have values between 0.5 ppm to one ppm, and the remaining samples are under 0.1 ppm silver. Sample WWS-20-07R has silver 5.09 ppm and sample WWS-20-44R has 135 ppm silver. Both these samples were taken from floats near outcrops indicating a nearby source of mineralized quartz veins in phyllites of Slocan Group.
  • Gold in three samples is over 0.5 grams per tonne (g/t), out of which one sample WWS-20-44R assayed 242 g/t (7.74 ounces per tonne). Two other samples WWS-20-03R WWS-20-46R assayed 0.105 g/t and 0.488 g/t gold.
  • Copper values are in the range of 4.2 ppm to 1030 ppm, the higher values are in the northern claim block found in rocks of the upper plate in Kaslo Group. Similarly, nickel (Ni) assayed in the range of 2.3 ppm to 1890 ppm.
  • Manganese (Mn) is from 25 ppm to 2090 ppm, zinc (Zn) is from 3.7 ppm to 3800 ppm, vanadium (V) is 3.9 ppm to 446 ppm, lead (PB is 0.7 ppm to 613 ppm, chromium (Cr) is 29.5 ppm to 1780 ppm.
  • As the Northern Block is dominantly represented by mafic and ultramafic rock complex, a total of 28 samples from the upper plate sequence of Kaslo Group belonging to Northern Block were also tested for platinum and palladium, but all samples returned values below the laboratories method detection limits of 0.01 ppm for palladium and 0.005 ppm for platinum. Only two samples (WWN-20-62R and WWN-20-63R) assayed 0.004 ppm palladium, both these samples have 1860 and 1890 ppm nickel, respectively.

SUMMARY

Based on its past exploration history, favourable geological and tectonic setting, presence of surface mineralization, and the results of present study, it is concluded that the Property is a property of merit and possesses a good potential for discovery of silver, gold, and other sulphide mineralization. Good road access together with availability of exploration and mining services in the vicinity makes it a worthy mineral exploration target. The historical exploration data collected by previous operators on the Property provides the basis for a follow-up work program.

Proposed Workplan

Phase 1: Prospecting, Sampling and Geological Mapping

The 2020 exploration work identified several areas with quartz veins showing over 1 ppm silver and a few areas with over 0.5 g/t gold values. It is recommended to follow up these quartz veins through detailed mapping, prospecting, and sampling work. Due to large size of the property, the 2020 work program was not able to cover a large part of the claim areas of the North Block. The Norther Block has a difficult access as 1.5 to 2 hours one-way uphill walk slows down the work progress. It is recommended to cover the areas with difficult access more efficiently using a helicopter. Total estimated budget for this work is $123,365 and it can take about four months’ time to complete. The following areas are recommended for detailed prospecting and sampling work:

South Claim Block

  • North-eastern and Southwestern portions of claim 1078135 as a follow up of higher gold and silver values shown in quartz veins and quartz boulders / floats (Figures 14 and 17).
  • North-eastern portion of claim 1078152, particularly the area at the contact of Slocan Group Phyllites and Kaslo Group Lower Plate mafic rocks.
  • Sample WWS-20 07R taken from series of quartz floats assayed 5.09 ppm silver (Figure 12) need further prospecting on claim 1078108.

North Block

  • Three samples collected from southwestern part of claim 1077955 have shown silver values in the range of 0.94 ppm – 1.94 ppm (Figure 20). The whole claim area needs detailed prospecting and mapping.
  • Samples collected from claim (1076510) also show anomalous values of silver (over 1 ppm in two samples) and gold (0.61g/t in one sample) (Figures 18 and 19). The north-eastern part of this claim needs detailed checking in the area across Whitewater Creek, particularly historical Minfile Occurrences (Gold Quartz B Zone and Gold Quartz Ridge) (Figure 3).
  • Two Minfile occurrences (Gold Quartz and Bollinger) on Claim 1075878 need detailed prospecting and mapping.

Phase 2: Drilling and Geophysical Surveys

Based on the results of Phase 1 program, a drilling program is recommended to be executed on the targets if identified for further work on the Property. Scope of work, location of drill holes and budget for Phase 2 will be prepared after reviewing the results of Phase 1 program. Another recommendation for this phase of work is to carryout airborne geophysical surveys (Time Domain Electromagnetic – TDEM and Magnetic) on the North Block.

For more information, please review our NI 43-101 Technical Report HERE.

GALLERY

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