TSX-V : GZD

OTCQB : GZDIF

FWB : G6H

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IMPERIAL MINE

 

Discovery of the Imperial area mineralization dates to the late 1890’s with initial production first recorded in the early 1900’s. The historical Imperial Mine has seen intermittent production from the early 1900’s to as recently as 2011. According to the BC Government minfile records the historical Imperial Mine produced a little over 9,200 oz of silver and more than 20,000 pounds each of lead and zinc. The production records cover the period from 1914 to 1949 (BC MINFILE 082ESE113). Details of the total production during the 1990’s through to the 2000’s by the Cannon family is unknown. Open pit and underground mining were conducted during the period.

 

The historical Imperial Mine, is located on the eastern margin of the Kettle River, is underlain by a complex north-trending graben that exposes Paleozoic metasedimentary and metavolcanic rocks...

 

At the Imperial Mine, the property is bounded to the north and south by the Nelson intrusions...

 

The economic minerals of interest are mainly galena, sphalerite, and pyrite, all of which contain gold and silver...

 

Some gold occurs with the silver in the sulphides, along with pyrite and arsenopyrite but gold is also known to occur in a steep set of fractures...

 

The Imperial Mine target area is 815 ha (2,015 acres) and includes the Riverside Past Producer and Commonwealth showing north of the Imperial Mine...

 

Limited Intermittent exploration, including some trenching, diamond drilling and small open pit mining has been conducted over the last 50 years...

 

Imperial Mine Site

 

At the historical Imperial Mine area, during the 2023 exploration season, a total of 50 new rock grab and rock chip samples were collected...

 

In February 2023, the Company announced results from grab samples collected during the exploration season 2022 at the historical Imperial Mine, with the following highlights:



  • A total of 83 new selective rock grab and composite rock grab samples...
  • A total of 10 of the 83 rock grab samples...
  • The 10 new selective high-grade Ag-Au bearing rock grab samples...
  • All highly anomalous samples are characterized by the presence of abundant and visible pyrite...
  • High levels of chromium and nickel reflect the presence of altered ultramafic rocks...
  • The Imperial showings, including the veins and pods of mineralization...
  • The grabens are characterized by north-northeast trending normal faults.
  • The geological setting and style of mineralization at the Imperial Mine bears a strong resemblance...
  • The Company is planning surface and underground rock and soil sampling...

Selected geochemical highlights for 24 rock grab samples* collected from the Imperial Mine area.

Imperial Mine Geochemical Highlights Table

*Selective rock grab samples are illustrative of the tenor of mineralization for the material collected but may or may not be characteristic of the overall mineralization of the zone sampled as they are selective in nature.