KSP PROPERTY
COLORADO RESOURCES LTD.
TSX.V: CXO
Building Value Through Discovery
PROPERTY SUMMARY
Property: 59 claims covering 30,504 ha
Location: In northwest British Columbia approximately
15 km along strike from the past producing Snip Mine**
(1 million ounces of Au at a recovered head grade of
24.5 g/t Au from 1991 to 1999– BC Minfile)¹
Owned: Colorado has an option agreement with
Seabridge Gold Inc. to acquire up to 80% interest in the
property
Target: High grade gold veins similar to the Snip Mine**
and Pretivm Resources BruceJack Project** as well as
bulk tonnage copper-gold mineralization similar to Seabridge Gold Inc. KSM Project*
Rock Type: Upper Triassic Stuhini Group and Jurassic
Hazelton Volcanics and Sediment's intruded by Early Jurassic monzo-diorites
NORTHWEST BC INFRASTRUCTURE
PREVIOUS WORK
Historic work by previous operators
identified 48 mineral occurrences
(B.C Minfile) on the KSP property.
Two of the most advanced of these
are Khyber Pass and Inel.
Inel
- 1,240 m of underground development and 192 surface and underground drill holes completed
between 1984 and 1991,
- High grade intercepts from the historical drilling include S116 (1989)
with 7.3 m of 20.93 g/t Au; U171
(1990) with 7.4 m of 41.1 g/t Au
and IS130 (1989) with 3.5 m of
423.81 g/t Au.
Khyber Pass
- 1,100 soil and talus fine samples
collected over a 1,200 by 400 m
area contained an average of
0.810 g/t Au with individual assays
up to 60.0 g/t Au,
- Historic drilling in this area has identified significant gold mineralization, for example GO85-03 with 74.7 m of 2.2 g/t Au
including 3.0 m of 9.5 g/t Au and KB87-17 with 61.3 m of 1.83 g/t Au.
Other Significant Mineral Occurrences
- Tami Zone: (acquired from Teck Mining in January 2015). Historic soil sampling defined a 250 m x 800 m long > 350 ppb
Au in soil anomaly. Rock samples from the area returned Au samples ranging from anomalous up to 10.98 g/t Au. Historic
drill hole SR87-07 from the west end of the Au soil anomaly returned 208.2 m of 0.323 g/t Au from 1.8-210 m including
21.9 m of 1.99 g/t Au.
- Pins: Historic soil sampling has identified a moderate to strong gold in soil anomaly over a 600 m x 2,000 m area
contained within a larger 4,000 sq m area where prospecting has identified numerous sulfide containing quartz veins and
veinlets.
- Sericite Ridge: Significant copper and gold values occurs within an alteration system measuring at least 1000 by 1500 m.
- Josh: Sulphide mineralization occurs in a quartz stockwork in a syeno-diorite intrusion; a 15 m composite grab sample
taken in 1987 contained 11.2 % Cu, 186.6 g/t Ag and 5.3 g/t Au (BC Assessment Report 16855).
- Black Bluff: Skarn and porphyry related copper - gold mineraoiziton is associated with, calc-silicate alteration, QSPPotassic alteration and strong north trending structural zones.
- A-J: At the AJ locale, gold is described as occurring within disseminated chalcopyrite and pyrite in sulphidic quartz veins
associated with northeast structures or within calc-silicate altered zones in laterally persistent limestones. Gold assays up
to 9.8 g/t over 2 m were returned from the Cave Zone, while values up to 50.95 g/t Au over 3 m where reported from the
A-J Zone. (BC Assessment Report 20459).
*This brochure contains information about adjacent properties on which Colorado has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.
**Historical information contained in this release, maps or figures regarding the Company’s project or adjacent properties cannot be relied upon as the Company’s QP, as defined under NI-43-101 has
not prepared nor verified the historical information.
Qualified Persons: Dr. Jim Oliver, Ph.D, P.Geo Company Chief Geoscientist is the Qualified Person as defined by National Instrument 43-101 who supervised the work program and preparation of the
technical data in this brochure.
QA/QC: See Company website for QA/QC details.
1 Source: BC Minfile No. 104B-250; Geology of the Snip Mine, and its Relationship to the Magmatic and Deformation History of the Johnny Mountain Area, Northwestern British Columbia, prepared by
David Alan Rhys, B.SC, dated October 1993.
WORK BY COLORADO
Colorado has the right to earn an initial 51% interest in the KSP Property by incurring $6.0M in exploration expenditures
and completing total cash payments of $500k. Colorado has the further right, at its sole election, to increase its interest to
80% by incurring an additional $4M in exploration expenditures.
Drilling
2014 to 2016
- In 2014, 6 holes (totaling 791.0 m) were completed at Khyber Pass area. Results included: KSP14-003 returned 34.0 m of
2.98 g/t Au including 2.4 m of 18.1 g/t Au.
- In 2016, a total of 59 holes (totaling 8,861.8 m) were drilled of which 53 holes drilled in Inel, 4 holes drilled in Khyber Pass
and 2 holes drilled at Tami.
- At Inel, both high grades (INDDH16-029 with 1.0 m of 165.5 g/t) and broad low grades (INDDH16-025 with 99.0 m of
2.11 g/t Au) have been reported.
Channel Sampling
- East Khyber Pass channel CH14-002 returned 15.0 m of 0.76 g/t Au and 0.59% Cu.
- Tami channel sample CH14-006A returned 8.0 m of 1.8 g/t Au and 0.32% Cu and CH14-006B returned 15.0 m of 2.94 g/t
Au and 0.51% Cu.
- East of Tami channel sample CHTami-10 returned 28.8 m of 1.17 g/t Au and 0.15% Cu and ChipTami-11A returned 45.0 m
of 0.45 g/t Au.
Soil and Rock Sampling
- From 2014 to 2016 Colorado has collected 1,383 rock and 2472 soil samples.
- Highly anomalous gold, copper +/- molybdenum surface geochemistry and the interpretation of geological mapping have
characterized several target alteration centres noted not only in the Inel zone but other areas of the KSP Property.
Geophysics
2014 to 2016
- 600 line km of airborne flown
(magnetics).
- 12.5 km (at Tami) and 17.5
km (at Pins) ground mag survey,
- 10 line km IP and 47 line km
mag (at Inel), 126 line km heli
VTEM,
Geology
- From 2014 to 2016, 150 sq km
of detailed geological mapping
characterized the principle
structural, lithologic and alteration signatures of many of
the mineral occurrences in the
KSP project area. That geological framework will be used to
guide and direct more advanced exploration activities
on several of the untested KSP
target areas.
KSP PROPERTY
TSX.V: CXO
COLORADO RESOURCES LTD.
Building Value Through Discovery
Directors and Management
Adam Travis, B.Sc. (Geology)
President, CEO and Director
Terese Gieselman
CFO, Corporate Secretary and Director
Lawrence Nagy, B.A (Geology)
Executive Chairman and Director
Dr. William Lindqvist, Ph.D.
Chairman of Audit Committee and Director
Dr. Carl Hering, Ph.D.
Director
Alex Blanchard, B.A.
VP of Corporate Development
Dr. Jim Oliver, Ph.D., P.Geo
Chief Geoscientist
CAUTIONARY STATEMENT: Readers should not rely on information in this summary for any purpose other than for gaining general knowledge of Colorado Resources Ltd.
(“Colorado”). This summary may include forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the advancement
of mineral exploration, development and operating programs. The words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “expect,” “may,” “project,” “plan” and similar
expressions are intended to be among the statements that identify forward-looking statements. Although Colorado believes that its expectations as reflected in any forwardlooking statements, are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking
statements. For further information on the nature of such risks and uncertainties, refer to Colorado’s Management Discussion and Analysis, a copy of which may be obtained from
Colorado’s website at www.coloradoresources.com or on the SEDAR website at www.sedar.com. The information contained in this summary was current at the date of publication.
Colorado does not warrant or make any representations as to the ongoing accuracy of this information, the validity or completeness of any facts or information contained in this
summary. Colorado may revise this information in subsequent publications but does not assume the obligation to update any information. Colorado shall not be liable or responsible for any claim or damage, direct or indirect, special or consequential, incurred by the reader arising out of the interpretation, reliance upon or other use of the information contained in this summary. This information is not intended to be and should not be construed in any way as part of an offering or solicitation of securities. No securities commission or
other regulatory authority in Canada, the United States or any other country or jurisdiction has in any way passed upon the information contained in this summary. Cautionary
Note: Investors are cautioned that the exploration target at KSP is an early-stage exploration prospect, conceptual in nature. There has been insufficient exploration to define a
mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
Suite #110—2300 Carrington Road
West Kelowna, British Columbia
Canada, V4T 2N6
www.coloradoresources.com
CONTACT INFORMATION
TSX.V: CXO
T: (250) 768-1511
TF: (855) 768-1511
F: (250) 768-0849
E: [email protected]