OWL CREEK MINERAL CLAIMS
Geological and Rock Geochemical Surveys
Updated Report
Lillooet Mining Division
British Columbia, Canada
NTS – 92J07
Latitude 53° 23’ N Longitude 122° 46’ W
BC Geological Survey
Assessment Report
33517
Prepared for
Clear Mountain Resource Corp.
Operator
Richard Billingsley and Dwayne Kress
Owners
Event number
5413399
Locke B. Goldsmith, P.Eng., P.Geo.
Consulting Geologist
October 14, 2012
Owl Creek Mineral Claims
Table of Contents
1
2
3
Summary ....................................................................................................................... 1
Introduction................................................................................................................... 3
Property Description and Location ............................................................................... 3
3.1 Property Location................................................................................................... 3
4 Property Description ..................................................................................................... 5
5 Accessibility, Climate, Local Resources, Infrastructure and Physiography................. 8
5.1 Accessibility........................................................................................................... 8
5.2 Climate................................................................................................................... 8
5.3 Local Resources and Infrastructure ....................................................................... 8
5.4 Physiography.......................................................................................................... 8
6 History........................................................................................................................... 9
7 Geological Setting....................................................................................................... 11
7.1 Regional Geology ................................................................................................ 11
7.2 Property Geology ................................................................................................. 11
8 Mineralization ............................................................................................................. 14
9 Geochemistry .............................................................................................................. 16
10 Geophysics................................................................................................................ 23
11 Deposit Types ........................................................................................................... 23
12 Sampling Method and Approach .............................................................................. 25
13 Sample Preparation, Analysis and Security .............................................................. 25
14 Data Verification....................................................................................................... 25
15 Other Relevant Data and Information....................................................................... 25
16 Interpretation and Conclusions ................................................................................. 26
16.1 Interpretation...................................................................................................... 26
16.2 Conclusions........................................................................................................ 28
17 Recommendations..................................................................................................... 29
18 Cost Estimate ............................................................................................................ 29
19 References................................................................................................................. 31
20 Engineer’s and Geologist’s Certificate ..................................................................... 33
21 Cost Statement, 2012 Program ................................................................................. 34
List of Figures
Figure 1. Owl Creek property location map ....................................................................... 4
Figure 2. Owl Creek mineral claim map............................................................................. 6
Figure 3. Owl Creek hydroelectric placer reserve # 387927 .............................................. 7
Figure 4. Reconnaissance property geology with sample locations ................................. 12
Figure 5. Geology, Copper Queen prospect, A zone ........................................................ 19
Figure 6. Geology, B zone ............................................................................................... 20
Figure 7. Geology, C zone ............................................................................................... 21
Figure 8. Composite geology, mineral occurrences, and magnetic interpretation map.... 27
List of Tables
Table 1. Mineral tenures ..................................................................................................... 5
Table 2. Owl Creek rock samples and selected analyses.................................................. 16
Table 3. Owl Creek rock sample descriptions .................................................................. 17
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Clear Mountain Resource Corp.
Owl Creek Mineral Claims
List of Appendices
Appendix 1 – Owl Creek Geology Field Notes
Appendix 2 – Analytical Procedures and Certificate of Analyses
Appendix 3 – Work Application on Owl Creek Mineral Claims
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Clear Mountain Resource Corp.
Owl Creek Mineral Claims
1
Summary
The Owl Creek mineral tenures are optioned to Clear Mountain Resources Corp. under an
agreement from two owners. The property consists of 12 tenures totalling approximately 4121
hectares located within the Lillooet Mining Division, 8.5 km northeast of Pemberton, B.C.
Mineral exploration in the area began about 1913 in the lower reaches of Owl Creek where copper
mineralization including malachite and azurite is abundant in the canyon walls.
During the following years exploration progressed upstream to the flatter area around Little Owl
Lake near the northwest part of the property. A series of diorite plugs along Owl Creek have
intruded a volcanic and lesser sedimentary package named the Cadwallader Group of Upper
Triassic age. Copper mineralization is present within the propylitic alteration (chlorite and epidote)
in diorite and adjacent andesitic volcanics.
Four named zones of copper mineralization A, B, C, and D, have been explored at various times.
First exploration was at the A zone (Copper Queen adit) where a 70 metre adit and at least four
diamond drill holes have tested copper mineralization. Grades to 0.33% copper from sampling of a
66-metre length of the adit were obtained by Mining Corporation of Canada in the period 1963 - 64.
One drill hole cored by Pine Lake Mining in the period 1969-1972 intersected 182 metres of 0.2%
copper. The B zone has had the least exploration. Although gossanous diorite and andesite are
present, only small amounts of chalcopyrite and pyrite have been noted. The C zone has had the
most exploration, culminating in a drilling programme by Pine Lake Mining in 1972 that totalled
2473 metres (8113 feet) in 10 holes. All holes were mineralized. The best result was in hole C-2 that
intersected 91.4 metres of 0.4% copper and 0.029% molybdenum (Weick and Allen, 1986). On the
east side of Little Owl Lake, Pine Lake Mining also defined an anomalous area by soil
geochemistry and geophysics named the D zone. Pine Lake Mining drilled 19 percussion holes to
an average depth of 91.5 metres (300 feet). Grades of copper that were sub-economic in 1972 were
intersected.
During 2010 - 2011 a programme of geological mapping and rock geochemical sampling at the A,
B, and C zones has confirmed the presence of significant amounts of copper as indicated by
previous exploration. At the A zone the maximum value of the five samples collected was 1.985%
copper. The average content of the five samples was 0.73% copper. These values, especially at the
A zone, reflect near surface enrichment in a copper carbonate cap which may overlie a sulphide
deposit. Other potential exploration targets exist at the property, for example northeast of the B zone
where northerly trending faults and anomalous copper in stream sediments are apparent from past
exploration. There is potential for additional mineralization north of the C zone and in the vicinity of
Little Owl Lake in the area of the D zone where outcrops are scarce.
In January 2011 an airborne magnetic survey that is considered to have been part of Phase 1 of the
current exploration program was flown over a portion of the property in the Owl Creek valley. A
subtle magnetic low signature has been correlated with mapped dioritic zones known to coincide
with the observed mineralization. 3D modeling of these anomalies shows they are reflections of
near surface, localized bodies with depth extent of approximately 300 meters. The magnetic low
signature suggests the area between mineral zones C and B may contain three parallel bands of this
dioritic material.
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Clear Mountain Resource Corp.
Owl Creek Mineral Claims
Five areas of elevated magnetic response that form a linear trend to the northeast of the Owl Creek
Forest Service road were detected during the airborne survey of 2011 (Goldsmith, 2011). These
areas were investigated in September 2012 and are discussed in this report.
A programme of ground geophysics, including induced polarization and magnetic surveys, is
recommended in Phase 2 to investigate characteristics that could indicate the presence of sulphide
minerals in diorite and thus suggest targets for continued exploration. A budget of $240,000 is
estimated for Phase 2. A budget for a possible continuation of geophysical surveys in Phase 3 is
estimated to be $150,000. The total budget estimate in Phase 2 and 3 is $390,000.
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Owl Creek Mineral Claims
2
Introduction
The report has been prepared for Clear Mountain Resource Corp. (“Clear Mountain”) for the
purpose of aiding in the exploration of base and precious metals on the mineral property at Owl
Creek near Pemberton, B.C. Historical data from previous exploration of the property and adjacent
prospects is cited throughout the report; sources are listed in the References. Information for the
report is based on the author’s examination of the property, supervision of reconnaissance
geological mapping, rock samples collected for geochemical analyses during the field program, and
an airborne magnetic survey. This report combines results of the field programs and the airborne
magnetic survey, and is considered to document Phase 1 of the current exploration program.
Regional geology and early exploration of the area is referenced in various government reports. This
report has been prepared in part using public documents obtained from B.C. Mineral Titles
assessment files, and are relied upon for relevant information. Many of the reports have been written
by or supervised by Registered Professional Geologists or Engineers.
An independent geophysical contractor, Precision GeoSurveys Inc., completed a helicopter-borne
aeromagnetic survey over the property during January 2011. A detailed geophysical interpretation
report and digital copy of the magnetic survey prepared by E. Trent Pezzot, P.Geo. were included as
Appendix 1 of an earlier report (Goldsmith, 2011).
A geological inspection of the area was made on November 7, 2010, including the condition of
roads, frequency of outcrops, severity of terrain, weather and snow conditions. Geological mapping
on the property continued in intervals from November 12, 2010 to September 3, 2012. The work
included collection of rock samples from outcrops for geochemical analyses.
3
Property Description and Location
3.1 Property Location
The Owl Creek property of Clear Mountain occupies an area approximately 6 km north/south by 6.5
km east/west, less one mineral tenure on Owl Mountain of approximately 1 x 1.5 km in size. Total
area of the property is 4121.061 hectares. The property straddles the lower portion of Owl Creek
from its mouth near the Birkenhead River northwesterly to Little Owl Lake. With reference to UTM
grid coordinates, the property is bounded by 5578500N to 5584500N and 512800E to 519500E,
UTM NAD 83, Zone 10. Magnetic declination is 17° 43’ east.
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Clear Mountain Resource Corp.
Owl Creek Mineral Claims
Figure 1. Owl Creek property location map
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Clear Mountain Resource Corp.
Owl Creek Mineral Claims
4
Property Description
The property consists of 12 tenures totalling approximately 4121 hectares located within the
Lillooet Mining Division, 8.5 km northeast of Pemberton, B.C.
Mineral tenures are listed in Table 1 and are shown on the claim map in Figure 2.
Table 1. Mineral tenures
Claim Name
Owner
Map
No:
Issue Date
Good To Date
637804
NEW OWL CREEK 1
139085 (100%)
092J
2009/sep/21
2017/mar/31
205.991
640010
NEW OWL CREEK 3
139085 (100%)
092J
2009/sep/24
2017/mar/31
494.492
640764
NEW OWL CREEK 4
139085 (100%)
092J
2009/sep/25
2017/mar/31
411.916
705229
OWL CREEK 8
139085 (100%)
092J
2010/feb/02
2017/mar/31
370.710
705493
COPPER 6
139085 (100%)
092J
2010/feb/04
2017/mar/31
185.446
640009
NEW OWL CREEK 2
139085 (100%)
092J
2009/sep/24
2017/mar/31
206.051
786502
NEW OWL CREEK 5
139085 (100%)
092J
2010/jun/04
2017/mar/31
515.094
786503
NEW OWL CREEK 6
139085 (100%)
092J
2010/jun/04
2017/mar/31
515.324
786504
NEW OWL CREEK 7
139085 (100%)
092J
2010/jun/04
2017/mar/31
515.329
786505
NEW OWL CREEK 9
139085 (100%)
092J
2010/jun/04
2017/mar/31
515.310
OWL CREEK
146911 (100%)
092J
2008/sep/20
2017/mar/31
41.198
146911 (100%)
092J
2010/feb/04
2017/mar/31
144.200
Tenure No:
Area (ha)
Billingsley
Kress
591641
705488
Total:
4,121.061
Owl Creek Staking Reserve Number 387927 for hydroelectric purposes is shown on the mineral
titles map. A Mineral Reserve is an Order in Council by the BC Government. It specifies the nature
of the staking prohibition (mineral, placer, or both) and the boundaries of the reserve. This Placer
Reserve does not apply to Mineral Claims.
In the Owl Creek Placer Reserve case, placer mining up stream of a possible future power generator
would not be in the best interests of the hydroelectric owner. If a mine were discovered upstream of
any project, including a hydroelectric development, then the mine owner would have to buy out all
the people affected by the discovery. For example, in the Owl Creek case, roads and power lines
would have to be re-routed.
This reserve does not affect mineral claim exploration as seen on the maps (Figures 2 & 3).
There are many similar reserves in the Province that are automatically created when a hydroelectric
application has been accepted for any particular watershed. This reserve was created as of April 17,
2002 but nothing has been done since the initial grant of application.
Because the Placer Reserve was created by the B.C. Government, there are no taxes, no ownership,
and no expiry date attached to the creation of the Order in Council.
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Clear Mountain Resource Corp.
Owl Creek Mineral Claims
Figure 2. Owl Creek mineral claim map
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Clear Mountain Resource Corp.
Owl Creek Mineral Claims
Figure 3. Owl Creek hydroelectric placer reserve # 387927
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Clear Mountain Resource Corp.
Owl Creek Mineral Claims
5 Accessibility, Climate, Local Resources, Infrastructure and
Physiography
5.1 Accessibility
A Canadian National rail line, and an asphalt highway that connects Vancouver to Pemberton and
Lillooet, cross the southeast corner of the property, parallel to the Birkenhead River. Access
improvements within the property include the Owl Creek Forest Service Road that passes
diagonally through the property on the north side of Owl Creek from the southeast corner of the
property to the northwest corner of the property. Several subsidiary logging roads extend as spurs to
the northeast and southwest from the main Owl Creek Road.
Road access into the property is via the Owl Creek Forest Service road that departs from the
Pemberton to Lillooet highway 3.5 km. north of Mount Currie, B.C. This forest road is used
primarily by loggers, but in the late summer and fall hunters and mushroom pickers frequent the
area. The road passes through the entire claim area from the southeast corner to the northwest
corner. Trucks and 4x4 vehicles can pass through the property during the summer and fall months,
however 2-wheel drive cars may have trouble with the steep road depending upon the extent to
which logging operations are using the road.
5.2 Climate
Summers are generally warm to hot (highs about 30°C and lows about 15°C) and winters are
generally cold (highs about 10°C and lows about -15°C). Work in winter months would require
removal of snow to access the upper reaches of the Owl Creek Forest Service road. In Pemberton
the average temperatures are 26°C in summer and -9°C in winter; annual precipitation is 90 cm,
almost half of which comes as snow.
Exploration in the area is most easily accomplished between late May and early November.
5.3 Local Resources and Infrastructure
Mount Currie, B.C. has a general store and gas station. Pemberton, B.C. that is 5 km. west of Mount
Currie (8.5 km southwest of the property) is a commercial and industrial supply centre. Both towns
could provide a labour pool and equipment for initial exploration at the property. Abundant, yearround water is available in Owl Creek. Mining personnel are available in southwestern B.C. A
major electrical power transmission line and several power lines of various voltage pass through the
southeast corner of the property. Round-rock and gravel operations are active in the Birkenhead
River valley, of which one gravel operation is located in the southeast corner of the claim.
5.4 Physiography
The property is located in mountainous terrain. The incised canyon of Owl Creek trends diagonally
through the centre of the claim. Elevation ranges from a low of approximately 280 metres near the
mouth of Owl Creek at the Birkenhead River in the southeast corner to a high of approximately
1600 metres at Mount Fraser near the northeast corner of the property. There are several clear-cut
areas where past logging of western red cedar, hemlock, Douglas fir, and pine has taken place. In
November logging is suspended until freezing conditions make the access road and surrounding
terrain firmer and environmental impact is diminished. Outcrop is abundant along the canyon and
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Clear Mountain Resource Corp.
Owl Creek Mineral Claims
less visible in the areas of glacial till or soils that support mosses, buck brush, huckleberries, ferns,
and devil’s club.
6
History
Early exploration was carried out along the lower portions of Owl Creek as early as 1913 at what
now is referred to as the Copper Queen prospect. Britannia Mining and Smelting explored the
showing in the late 1920's. Owl Creek Mines acquired the property in 1960. Mining Corporation of
Canada examined the Copper Queen showing between 1964 through 1968. Pine Lake Mining
explored the upper reaches of the Owl Creek canyon in 1969-1972. Utah Mines Ltd. optioned the
property from Pine Lake Mining the following year and tested the area of the northwest corner of
the present property in 1973-1974. George Resource Company Ltd. explored the area in 1986.
Cominco Ltd. held claims north of the Owl Creek property in 1992 and 1993. A small portion of the
southern part of these claims is now covered by the Clear Mountain property. Much of the Owl
Lake and Owl Creek area was acquired by J.T. Shearer by staking in 2004 and optioned to Gold
King Mining Ltd. Clear Mountain acquired an option on the present claims in 2010.
Early work at the Copper Queen prospect is described in various B.C. Minister of Mines Annual
Reports and is summarized by Rastad and Pezzot (2006). First recorded work was in 1913. By 1916
an adit 70 metres (217 feet) in length at the A zone (Copper Queen) had been completed across the
shear zone. A small plant was built in 1917.
In 1928-1929 Britannia Mining and Smelting drilled 3 short diamond drill holes at the A zone with
up to 91.5 m (300 feet) of low-grade copper found in several zones, probably faults. Seraphim
(1971) considered the holes to have been too short and core recovery too poor to test the zone
adequately. Copper values in the range of 0.15 to 0.48% were reported by Britannia Mining and
Smelting, according to Weick and Allen (1986).
In 1963-64 Mining Corporation of Canada rehabilitated the original Copper Queen adit. They
sampled and reported a length in the adit of 66 metres grading 0.33% Cu. They also carried out
geochemical and geophysical surveys in the area. It is noted that Condon and Scott (1964) state that
the overall average grade obtained from several samples from the adit and surface trenches to be
about 0.2% copper. Copper occurs as malachite and azurite fillings in an irregular fracture pattern in
the diorite. Only rare specks of chalcopyrite and molybdenite were observed. The adit walls were
thickly encrusted with iron and copper stain. Numerous faults oriented in multiple directions within
the adit contain selvage zones up to 0.20 m thick, mineralized with pyrite, iron oxide, and copper
carbonate.
Twenty-one silt samples from five southeasterly-flowing tributary drainages to Owl Creek were
collected by Condon and Scott (1964), northeast of exposures of diorite of the B zone. Quantitative
analytical method at the time was hot HCl soluble-copper extraction with results reported in ppm
copper. Eight samples contained copper of over 100 ppm, with a highest value of 240 ppm. As a
basis for mapping 0 − 60 ppm was considered background copper, greater than 60 ppm was
considered anomalous, while 61− 90 was designated as transition or second order anomalous. The
results coincide with mineralization that was recorded on a surface geology map. The anomalous
copper values extend for 500 m northeasterly from Owl Creek. Known copper mineralization in the
outcrops of A, B, and C zones was detected by the geochemistry at the time. The survey suggested
extensions of known copper-bearing zones as well as possible new zones in covered areas. The area
northeast of the B zone was recommended as a potential target for mineralization.
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Clear Mountain Resource Corp.
Owl Creek Mineral Claims
The results of work completed by Pine Lake Mining in the period 1969-1972 have been
summarized (Weick and Allen, 1986). In 1972 Pine Lake Mining carried out exploration in the Owl
Creek-Little Owl Lake area. Four mineralized areas were designated A, B, C, and D zones in order
of occurrence upstream on Owl Creek. At Zone A (near the Copper Queen adit) one 958-foot
diamond drill hole intersected 182 metres of 0.2% copper. At Zone B soil sampling defined a
weakly anomalous area of copper mineralization. At Zone C soil sampling, magnetometer and IP
surveys and 8,113 feet of diamond drilling in 10 holes was undertaken. All holes on Zone C were
mineralized, with an interval in drillhole C-2 that intersected 91.4 metres of 0.4% Cu and 0.029%
Mo. At Zone D soil sampling, magnetometer and IP surveys and 19 percussion drill holes to an
average depth of 90 metres indicated sub-economic grades of copper mineralization (in 1972
economics) coincident with surface geochemical anomalies and an associated IP chargeability high
(Naylor and Scott, 1973). Pyrite and minor chalcopyrite and traces of bornite were encountered.
In 1973 and 1974 Utah Mines Ltd established a grid and carried out geological, geochemical and
geophysical surveys between Owl Lake and Little Owl Lake (Gatchalian and Witherly, 1974). The
southeastern extent of these surveys is northwest of and outside of the northwestern part of the Clear
Mountain property; the survey grids are not located on the trend of the altered diorites in the Owl
Creek shear zone. Utah Mining Ltd cored four diamond drill holes totalling 1802 feet near Owl
Lake at sites that are not within the Clear Mountain property; minor chalcopyrite and traces of
molybdenite were found (Rayner and Witherly, 1974).
During 1986, George Resource Company began geological, rock and soil geochemical, magnetic,
and VLF-EM (very low frequency electromagnetic) surveys on the C zone (Weick and Allen,
1986). Low copper content was present (range of 12 to 679 ppm) in seven rock samples collected
from outcrops of chloritized andesite and schist on the southwest side of Owl Creek. A portion of
the Weick and Allen (1986) geology map shows the location of the Pine Lake Mines drill holes.
Magnetic low-high pairs of patterns were noted above altered diorite on the northeast side of Owl
Creek in the area of the drill holes. A VLF anomaly was detected at the location of a magnetic low
linear trend within the area of the drill holes.
In 1989 an airborne geophysical survey was flown over the Owl Creek area (Fisk, 1989). Although
locations are difficult to pinpoint, one of the two anomalies appears to be located just northwest of
Little Owl Lake at the edge of the Clear Mountain Resources property. It defined a magnetic low
near an east-west fault that intersects a northwest/southeast trending VLF-EM anomaly. An EM
anomaly is present near this fault intersection.
In the 1990's and 2000's extensive exploration for base and precious metals was undertaken in the
Tenquille Lake and Tenas Creek area, located approximately 8 km north of the Owl Creek property,
by Teck Corp (Pautler, 1991), and Goldking Mining Ltd. (Rastad and Pezzot, 2006). Structural and
lithologic controls for this area are similar to the Owl Creek area.
In 1992 Cominco Ltd. conducted a soil geochemical survey over two magnetic low geophysical
anomalies that were apparent on a government airborne survey. Several high arsenic, zinc, and
molybdenum values, and moderate copper anomalies (Noakes, 1992) were detected. Induced
polarization (“IP”) / resistivity geophysical surveys were conducted the following year but no
positive response was found (Jackisch, 1993). It appears that several of the high molybdenum soil
values (up to 25 ppm) in the southern part of the survey that are within the present Clear Mountain
property may not have been tested adequately.
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Clear Mountain Resource Corp.
Owl Creek Mineral Claims
7
Geological Setting
7.1 Regional Geology
The Owl Creek area is located near the eastern margin of the Coast Intrusive Complex, a northwest
trending belt of igneous and metamorphic rocks in the Canadian Cordillera. A series of andesitic
flows, tuffs, breccias, and minor rhyolitic flows and breccias have been mapped in the area and are
part of the Cadwallader Group of Upper Triassic age (Woodsworth, 1977). These units have been
intruded by granodiorite of the Cretaceous Spetch Creek Pluton and smaller diorite and quartz
diorite plugs. The Owl Creek fault that passes through the property is a major regional northwest
trending structure (Riddell, 1990) that separates major rock units. This fault zone is traced over 100
km and is an extension of the regionally significant Harrison Lake Fault Zone. The rocks to the
southwest of the fault are the Cretaceous Fire Lake Group, largely tuffs and sandstone. Rocks to the
northeast of the Owl Creek fault are a Triassic and post Triassic group, often a undifferentiated
volcanic, volcaniclastic, tuffaceous and sedimentary sequence of the Cadwallader Group, and
Cretaceous diorite intrusives. Riddell (1990) divides the Cadwallader Group in this part of B.C. into
the Pioneer and Hurley Formations.
7.2 Property Geology
The most abundant rocks at the Owl Creek Prospect are volcanic rocks of the Upper Triassic age
Cadwallader Group. Andesite is the most prevalent rock type in the mapped area. Grain size, texture
and color of the andesite is variable. Flow breccia, tuffs and porphyritic variations were seen. Dacite
and lesser rhyolite are present within the andesite. Quartz-sericite-pyrite schists and phyllites are
exposed along the Owl Creek forest service road in the central part of the map area. They are
probably metamorphosed equivalents of felsic units within the Cadwallader Group. Basalt was seen
in the southeast corner of the claims near the Birkenhead River bridge. Sedimentary rocks including
conglomerate and lesser argillite were seen interbedded with the intermediate volcanics and also
were noted as separate outcrops.
At least two granitic rock types intrude the volcanics. Granodiorite of the Cretaceous Spetch Creek
Pluton occupies the eastern, higher elevations of the grid area. It is medium grained and relatively
unaltered. A slightly darker, finer grained diorite is often softer due to hydrothermal alteration and
can be seen along the steep canyon of Owl Creek. It has been subjected to structural deformation
and shearing and is therefore less resistant to weathering. The diorite and its volcanic host rock are
the principal targets for porphyry-type copper mineralization.
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Clear Mountain Resource Corp.
Owl Creek Mineral Claims
516000
518000
520000
²
5584000
PF
Andesite
To
po
gr
PF
Andesite
aph
no ic
ou Line
tcr ar
op Tr
en
d
O
PF
w
lL
ak
PF
e
Tra
90
il
PF
LITTLE
OWL
LAKE
Rock Sample #018 - 197 ppm Cu
1-3m chip sample
weakly propylitic altered andesite
trace malachite, 2% pyrite
5584000
514000
Weakly
silicified
andesite
Grey green metavolcanic
1% pyryte, locally 10%
#
65
PF
90
#
PF
race pyrite
DT
moderate chlorite
#
#
#
#009 Cu 2700 ppm
#
#
PF Float of
Dark grey
andesite or basalt,
strongly magnetic
"C" Zone
DT
DT
#
(”C” Zone)
PF
DT ##
#010 Cu 4700 ppm
##
#
#005
2340 ppm Cu
#004 - 434 ppm Cu
##
Intermediate
meta-volcanic
weakly silicified
Diorite, moderate propylitic alteration
trace malachite, trace chalcopyrite
PF
PF
Dark grey to dark green
andesite or basalt,
strongly magnetic
PC
PF
#
PF
ts
le
in
ve
z
PF
PF
PF
PF
#
PF
Fe
#
#
Caved Copper Queen Adit
90
rit
e
90
PF
DT
PF
90
DT
DT
#
PF
DT, fine-grained, unaltered,
moderately magnetic
PF
PF
#003
PF
5580000
PF
PF
75
PF
Traces malachite,
associated with patches of PF
weak silicification and
pyritization of andesite
90
PF
Limonitic
silic ified
e
Wea kly trace pyrit
ande site
s it
PF
PF
Pit
S
1% il ic
if
p y ied
rite g
re
y
an
de
Geology by Paul Kallock, P. Geo.
November 2010 and April - Sept 2011
Revised August - September 2012
PF
#
#
PF
PF 20
90
qu ar
tz ve
ra w A
re e n
p a a k d es
tc c h it e
h y lo
li m ri te
on
ite
#
CLEAR MOUNTAIN RESOURCES CORP.
OWL CREEK PROJECT
PF
basalt
PF
e
L
v o im o
lc n it
a n ic
ic
Owl Creek Property
PF
erl in
e
75
Po w
Quartz veining
Fault zone, shearing
Rock sample #007 - 57.8 ppm Cu
Qtz-sericite-pyrite 3-8%
PF
#
#
Rock Chip Samples
Sample Length Copper (ppm)
#061 2.0m
5560
#063 2.0m
8530
#001 4.0m
1490
#002 2.0m
>10,000
#003 0.5m
902
Fractures
Gd
#
PF
andesite
PF
moderate chloritic
50
#
Jointing with attitude
PF
PF
#063
#061
#001
Copper Queen Prospect
(" A" Zone)
Foliation
PF
PF
c
ca ni
av ol
m et py.
ls ic 1-3% FeOx
ng
st ro
#002
Rock sample location with number
70
py
30
5%
PF
#008
94.2 ppm Cu
Float of quartz sericite,
pyrite, phyllite
An
Rh desi
yo te
da
cite
50
Rock Chip Samples
Sample Length Copper (ppm)
#011 2.0m
2210
#012 3.0m
1150
#013 4.0m
7980
#014 2.0m
3600
#015 3.0m
2750
#016 2.0m
2320
#017 2.0m
3110
d
PF
el
Rock outcrop
oa
Gra
v
Creek
eR
PF weak chlorite
#016
n
tio
ra
lte
ed c a
ain iti
gr lor
efin ly ch
g
DT, ron
st
PF
te,
ido
k ep
or
chl
volcanic
interm ediate
pyrite
Weakly foliated
veinlets, trace
weak quartz
#
Minor Logging Road
v ic
e
lo rit
ch te
rit e ite
hi
ng
st ro al ac co py on
DT 3% m ch al ng lim
e
tr ac st ro
PF
#
,
ed
in
3-
Main Owl Creek Road
#
##
##
#
er
#
PF: Andesite, dacite, lesser, rhyolite, basalt
(”B” Zone)
Zon e
#01
# 7
#0 01
#0 11 5
#0 12
#0113
4
90
"B"
PFc: Conglomerate, argillite, sandstone
PF
PF
e-g
fin c
d, ti
re gne
alte ma
un ly
T, g
D ron
st
PF
Andesite
a rt
PF
ra
tS
qu
PF
PF
PF
90
50 m wide shear zone
Gd: Granodiorite
PIONEER FORMATION
PF
ft
So on itic
lim dite PF
se
an
es
e
or
ea
k
kF
es
it
ee
w
Cr
e
PF
PF
5582000
)
ple
Ow
l
75
nd
PF
PF
A
PF
PF
es
it
PFc
DT
75
75
PF ##
nd
PF
A
pyrite
PF
DT: Diorite
Spetch Creek Pluton
5580000
68
A
w nd
tr ea es
ac k it e
e ch
p y lo
ri y ri te
e
INTRUSIVE ROCKS
PF 10%
ete
cr
rro
Fe
C
A h lo
n d ri
es ti c
it e
PF
PF
sit
e
PF
PF
PF
An
de
PF
Meta-andesite
or dacite
5% pyrite
45
PF
e
iorit
dd
rtz,
qua
aine
-gr gnetic, eak
DT rk, finey ma ite, w
da ngl chlor
stro ng yrite
stro ce p
tra
PF
PF
D
ark
PF
Q
w ua
ith rtz
5 ,
R -1 se
Sh o c 0% ricit
e a k s p y e, p
ri n am rite hy
llite
g p le
+
fo # 0
lia 06
ti o (5
n m
31 ch
8/7 ip
5N sam
g re
en
an
d
es
it
e
F
m esc
l
eta i
vo
lc
an
ic
Pfc
3-5% py
60
u
ple C f
m m eo
Sa pp pl yry
ck 8.6 sam rph
Ro - 2 ip po yrite
19 ch ar p
#0 m dsp 0%
0.5Fel 5-1
5582000
Mixed andesite/diorite
Black basalt,
strongly magnetic
PF+PFc
PF
PF
# 002
PF
Float
Rock Sample #020 - 103.5 ppm Cu
grab sample of andesite boulders
with up to 5% magnetite
Dacite with 3-5% pyrite
PF
PF
PF
50
ite
,
ins
PF And esi te e
dot
k epi
wea orit e
chl
High
way
Wea
halt
Asp
500
750
1,000
Meters
518000
K
516000
REE
NAD83, UTM Z10N
520000
Figure 4. Reconnaissance property geology with sample locations
12
Clear Mountain Resource Corp.
5578000
0 125 250
Fig No:
LC
93J
514000
DATA:
PROJECTION:
NTS:
R.B.
OW
5578000
Pemberton, B.C, Lillooet Mining Division
Map sheet 92-J/7
DRAWN BY:
Owl Creek Mineral Claims
A major northwest trending fault zone is coincident with the trend of Owl Creek. It is an extension
of the Harrison Lake Fault that is located southeast of the property along the east side of Lillooet
Lake. Rock exposures along the Owl Creek canyon are fractured and sheared in a northwest
direction. Oblique faults extending away from the Owl Creek fault in a northerly and southerly
direction were also seen. Along the Owl Creek forest service road, abundant shearing was seen
within the quartz-sericite-pyrite schist unit. It trends northerly with near-vertical dips. Insufficient
bedding exposures were seen to determine if faulting or folding of sedimentary and /or volcanic
attitudes is present. However, previous geological mapping of the sedimentary units within the
Cadwallader Group by Naylor and Scott (1973) postulated a regional northwest trending syncline to
be present in the area. Its fold axis is parallel to Owl Creek and is coincident with the small dioritic
plugs and their accompanying copper mineralization. They noted that pyritization and resulting
gossans occur where fracturing is concentrated in brittle aphanitic rocks of both sedimentary and
volcanic origin. Gossans form around quartz, sericite, kaolin, and sulphides. Structural control for
diorite emplacement is suggested from field mapping. Major faults and fractures are oriented Az
330°, parallel to Owl Creek valley. Numerous weaker fault strands trend more northerly. Roof
pendants of intermediate volcanic appear to be faulted within diorite along Owl Creek in the area of
the Copper Queen prospect. Size and areal extent are limited to the width of the fault zone, less than
30 metres.
Andesitic volcanic rocks of the Pioneer Formation are the main wall rocks to the diorite intrusions.
Andesite is also present along Owl Creek between the B and C Zones. It displays moderate chlorite
alteration in cliff-forming outcrops. Occasionally northwest trending fracture zones transect
limonitic, iron-stained outcrops that are recessively weathered and may contain weakly pyritic,
silicified zones. These zones are often strongly fractured and may have a platy or fissile appearance.
Geological mapping and rock geochemical sampling were carried out in the central part of the
property during November 2010 to September 2012. The focus of the geology and sampling relied
upon prior reports, topographic maps, and global positioning system (GPS) instruments to establish
locations. These investigations were designed primarily to establish validity and accuracy of
historical accounts of geology and geochemistry and to investigate the geochemical signature of the
mineralized zones. Geological notes and rock sample locations are listed in Tables 2 and 3. Historic
reports have provided information for use in conjunction with interpretation of responses from the
airborne geophysical survey that was completed by Precision GeoSurveys Inc. during January 2011
over the area of the mineral tenures.
Five areas of elevated magnetic response were detected during the airborne survey of 2011
(Goldsmith, 2011). These areas were investigated in September 2012 and are discussed in this
report. Three rock sample descriptions and geochemical analyses (#18, 19, 20) are included in
Tables 2 and 3.
The northernmost magnetic high anomaly is 500 m long and 130 m wide, centered at 514900E,
5584000N. No outcrops were seen on this anomaly. Andesite with traces of pyrite and weak
chlorite alteration were seen north and west of the magnetic high. Northwest trending topographic
linear valleys and rounded ridges are prominent in the area of the magnetic high.
Recent logging roads have exposed andesite between this magnetic high and the D zone. A 1.3
metre chip sample (#018) of weak propylitic altered andesite that shows traces of malachite and 2%
pyrite contained 197 ppm copper.
13
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
Two additional magnetic high anomalies occupy the same northwest/southeast topographic linear as
the northernmost anomaly. This linear direction can be seen as elongated lakes and ponds with rock
scarps to the east. At 516100E, 5583000N, a 250 m x 100 m magnetic high at the south end of a
lake 600 m long appears to be caused by a dark gray andesite or basalt which is strongly magnetic.
A small, dry stream bed near the lake is composed predominantly of pebbles of andesite and/or
basalt with lesser quantities of coarse grained granodiorite.
Another elevated magnetic feature begins 150 m. to the southeast of the location noted above.
This zone is 1500 m. long and also occupies northwest/southeast trending topographic features
including ridges, cliffs and streams. Several traverses were made across this anomaly and many
outcrops were seen as glacially carved humps and cliffs with talus-scree slopes. It appears that the
northern 300 to 400 metres of the magnetic high is underlain by dark gray to dark green andesite or
basalt. Rock sample #020 collected from this area contained up to 5% magnetite as disseminations
and irregular patches. Analysis of this sample did not return significant copper but did have an
elevated value of molybdenum of 13.65 ppm. The central and southern part of this 1500 m long
magnetic high appears to be underlain by fine grained diorite which has strong chlorite, weak quartz
and a trace of pyrite. It is also strongly magnetic in hand specimens.
A small magnetic high measuring 250 m x 150 m is located at 515600E, 5582400N. Talus boulders
and outcrops in this area are black basalt and dark gray andesite that are strongly magnetic.
A magnetic high is located at the southeast end of the aeromagnetic survey near the eastern border
of the property. It is up to 600 m wide and more than 1500 m long. As with the other magnetic
highs, its shape is oriented with the long axis parallel to the regional northwest/southeast structural
fabric. At the base of rock cliffs near 519000E, 5579900N traces of malachite were seen in dark
gray-green, weakly silicified andesite. Adjacent rocks appeared to be more mafic, possibly basaltic.
At the north end of the magnetic high near 518500E, 5580450N, fine grained, unaltered diorite is
strongly magnetic in hand specimens.
During traverses between the Owl Creek Forest Road and the higher elevation areas of the magnetic
highs, numerous outcrops of intermediate volcanics and lesser mafic volcanics of the Pioneer
Formation (PF) were noted. Outcrops of felsic volcanics and/or weakly metamorphosed phyllitic
volcanics that display bleaching, weak to moderate silicification, pyritization, patchy limonite, and
iron stain were also mapped. At one location, a rock sample, #019, was collected from a small area
of feldspar porphyry which was associated with these altered volcanics. It contains 5-10%
disseminated pyrite but analyses did not reveal elevated base or precious metals.
8
Mineralization
Four mineralized zones are present in Owl Creek valley. The A zone, also known as the Copper
Queen adit (caved), located at 700 metres elevation is the most southerly and topographically lowest
copper occurrence in the canyon. Minor chalcopyrite is present with strong iron oxidation at the B
zone in the middle part of the canyon. The C zone that has had the most exploration including ten
diamond drill holes totaling 2473 meters, is at the north end of the canyon. A fourth zone, the D
zone, is near the north limit of the claims where the valley levels near Little Owl Lake. It has been
defined by geochemical and geophysical surveys and has been partially tested by 19 percussion drill
holes.
14
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
Copper mineralization is the primary target of exploration at the Owl Creek property. Malachite and
azurite with lesser chalcopyrite are concentrated in at least four areas near Owl Creek. Secondary
copper minerals are present within and along fractures in fine to medium grained diorite and
adjacent andesitic volcanics. At the A zone, along the eastern side of the lower reaches of Owl
Creek (Figure 3), the Copper Queen adit (now caved) is located within an area where malachite and
azurite are abundant on both fractures and northwest-trending joints related to the Owl Creek fault
zone. Chalcopyrite is sparsely present as disseminations or associated with weak quartz veinlets.
Quartz veinlets appear to be more abundant in the northern part of the A zone with up to 5 veinlets
per square metre. Weak bleaching of the diorite host accompanies the veinlets and malachite is
pervasive, locally approaching 5%. Chlorite is the main alteration mineral and is present in the
diorite and adjacent intermediate volcanic rocks. Lesser epidote and sericite accompany the
propylitically altered diorite and andesite. The B, C, and D mineral zones also lie along the east side
of Owl Creek northwest of the A zone. At the B zone (approximately 800 metres northwest of the
Copper Queen adit) historic reports by Condon and Scott (1964), and Seraphin (1971), indicate
similarities to the A zone. Chalcopyrite and copper carbonates are present within and adjacent to
diorite intrusives. Air photo linears indicate northerly trending structures may intersect the main
northwest trending Owl Creek fault in the general area of the B zone. Seven silt samples collected
by Condon and Scott (1964), adjacent to the B zone contained significant copper of over 100 ppm,
with a highest value of 240 ppm. Detailed geological mapping by Naylor and Scott (1973) revealed
the importance of structural control for copper mineralization in the Owl Creek area. They noted
that pyritization and resulting gossans occur where fracturing is concentrated in brittle aphanitic
rocks of both sedimentary and volcanic origin. The intrusives are completely altered in patches in
the vicinity of mineralized zones. Gossans form around quartz, sericite, kaolin, and sulphides. They
recommended the area northeast of the B zone as a potential target for mineralization.
Mineralization at the C zone is very similar to the Copper Queen area, although malachite and
azurite are not as abundant in surface exposures along Owl Creek. Two rock samples were gathered
from weakly propylitically altered diorite that contains malachite, azurite and a trace of
chalcopyrite. Past exploration mainly by Pine Lake Mining in the period 1968-1973 extended the
known mineralized area from the exposures along the creek canyon by drilling. Ten diamond drill
holes, totalling 2473 metres (8113 feet), all encountered copper mineralization. The best result was
from drill hole C-2 where 91.4 metres of 0.4% copper and 0.02% molybdenum were intersected
(Weick and Allen, 1986). Drill holes were spaced approximately 30 metres apart and tested an area
approximately 200 metres long. Assay data and drill logs have not been available to the author nor
were the drill sites found during the current exploration program. Structural control for diorite
emplacement and subsequent copper mineralization is evident by aerial photographic interpretation
of lineaments and by field mapping by Seraphim (1971). Major faults and fractures are oriented Az
330°, parallel to Owl Creek valley. Numerous weaker fault strands trend more northerly. Mapping
by Seraphim (1971) also indicated that the C zone does not extend along strike to the south but it, or
other mineralized bodies could exist to the north in areas of poor or non-existent outcrop exposures.
Part of this area is designated the D zone, situated near the northwest side of Little Owl Lake within
the northwest corner of the Clear Mountain property. Few outcrops are present in the area of the D
zone. By the end of 1972, Pine Lake Mining had completed soil sampling, magnetometer and IP
surveys and had drilled 19 percussion holes at the D zone to an average depth of 91.5 metres (300
feet). Subeconomic grades of copper mineralization (in 1972 economics) as minor chalcopyrite,
traces of bornite, accompanied by pyrite were coincident with a geochemical anomaly with an
associated IP chargeability high (Naylor and Scott, 1973). The geological map constructed by
Naylor and Scott (1973) shows the distribution and areal extent of the surface expression of the
15
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
diorite plugs. The size of these plugs is variable from 600 to 1000 metres long and 90 to 250 metres
wide. The poorly exposed D zone may be a faulted extension of the C zone. Combined length of the
C and D zone could be 1500 metres. During the geological mapping program, two areas of interest
were examined which display strong pyrite mineralization in quartz-sericite schist. At 516323 E,
5581692 N (GPS coordinates) along the Owl Creek Forest Service road, disseminations and lenses
of pyrite up to 1 cm wide and 10cm long, locally account for up to 10% of the rock. At 518031 E,
5580805 N, similar rock was seen. Both of these zones exhibit strong northwest foliation with steep
to vertical dips to the northeast. Host rocks were probably felsic volcanics ihat have been intensely
sheared and altered. Each exposure of pyrite-quartz-sericite schist is more than 5 metres wide.
Quartz veinlets that bisect the foliation were seen at the western outcrops.
9
Geochemistry
Twenty-two rock samples were collected for analyses during the programs. Geology maps (Figures
4 to 7) show the locations of the rock samples. Certificates of analyses for the 2012 program are
included in Appendix 2.
Table 2. Owl Creek rock samples and selected analyses
Samp #
61
63
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
E
517186
517189
517232
517232
517318
514578
514550
516323
518031
516809
514506
514582
516431
516427
516461
516482
516435
516430
516428
514604
516199
516428
N
5580408
5580423
5580356
5580356
5580253
5582728
5582725
5581692
5580805
5580789
5582859
5582820
5581162
5581137
5581163
5581156
5581196
5581184
5581199
5583490
5581869
5582459
Cu ppm
5560
8530
1490
>10,000
902
2340
434
55.60
57.80
94.20
2700
4700
2210
1150
7980
3600
2750
2320
3110
197
28.6
103.5
16
Cu %
1.985
Mo ppm
9.36
10.15
13.40
18.35
1.63
10.05
15.60
15.90
1.80
1.21
2.19
11.35
0.67
12.00
4.41
2.67
2.63
1.05
1.67
5.87
0.91
13.65
Au ppm
0.05
0.08
0.05
0.08
0.01
0.05
0.02
0.00
0.00
0.00
0.03
0.03
0.01
0.02
0.03
0.04
0.02
0.01
0.01
0.014
0.003
0.03
Ag ppm
0.68
0.78
0.61
0.84
0.14
2.24
1.16
0.08
0.35
0.09
1.56
1.00
0.25
0.26
0.90
0.68
0.43
0.18
0.12
0.30
0.08
0.52
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
Table 3. Owl Creek rock sample descriptions
Owl Creek Project, Rock Sample Descriptions
Location: NAD 83 Zone 10 U
East
North
Sample
type
Sample
#
Length
m
517186 5580408
61
2.0
Chip
517189 5580423
63
2.0
Chip
517232 5580356
1
4.0
Chip
517223 5580337
2
2.0
Chip
517318 5580253
3
0.5
Chip
514578 5582728
4
0.3
Chip
514550 5582725
5
3.0
Grab
516323 5581692
6
5.0
Grab
518031 5580805
7
2.0
Grab
516809 5580789
8
2.0
Chip
Copper Queen area. 20 m above Owl Creek.
Gray diorite, bleaching and weak FeOx, 1%
chalcopyrite, trace molybdenite, 5-10%
malachite, weak azurite on all surfaces.
Copper Queen area. Chlorite-altered diorite,
1% chalcopyrite, 10 % malachite and azurite.
Main fractures Az 315° 75° NE, 078° 65° N,
and 050° 70° S.
Copper Queen area, pinnacles area. Fine to
medium grained diorite, moderate chlorite,
weak to moderate silicification. 3% malachite
on many surfaces, no sulfides. Strong brown
FeOx, weak yellow FeOx. Fracturing Az 358 °
75° W and Az 320° 70° E.
Copper Queen area. Fine grained diorite,
strong FeOx. Fracture controled 3%
malachite, mainly Az 325° 55°E and Az 310°
70° E.
Copper Queen area. Dark gray green meta
andesite or diorite, moderate chlorite, weakly
silicified. 1-3% pyrite, trace chalcopyrite.
Fractures trend Az 315° 90°.
C zone. Fine grained diorite, weak chlorite.
Trace chalcopyrite, trace malachite, patchy
limonite. Main fractures trend Az 275 ° 90°.
C zone. Ridge point at sharp bend in Owl
Creek. Fine-grained weakly siliceous diorite,
weak epidote. Patchy FeOx, trace malachite
and azurite. Grab of 3.0 m. area.
Quartz-sericite-pyrite schist and or phyllite;
foliation trends 318/75. Potential (?)
volcanogenic massive sulphide horizon. Grab
sample representative of 5 m along road cut.
Has numerous crosscutting quartz veinlets, 5%
diss. pyrite but more pyrite in lenticular
patches to 5 cm length.
Gray green dacite in contact with quartzsericite-pyrite phyllite and silicified
intermediate volcanic. 3-8% pyrite. Main
jointing Az 330 °90°. Grab sample from 2 m
sq area.
Same as above, most prominent fracture /
foliation Az 300° 45°NE.
17
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
514506 5582859
9
2.0
Chip
514582 5582820
10
2.0
Chip
516431 5581162
11
2.0
Chip
516427 5581137
12
1.0
Chip
516461 5581163
13
2.0
Chip
516482 5581156
14
2.0
Chip
516435 5581196
15
1.0
Chip
516430 5581184
16
2.0
Chip
516428 5581199
17
2.0
Chip
514604 5583490
18
1.3
Chip
516199 5581869
19
0.5
Chip
516428 5582459
20
Grab
C zone. Fine to medium-grained diorite,
moderate propylitic alteration. 0.5% patchy
pyrite, trace chalcopyrite, 1% malachite on
fractures.
C zone. Fine-grained diorite, intense propylitic
alteration. 1% disseminated pyrite, 0.5%
chalcopyrite, 5% malachite, trace azurite.
B zone. Fine-grained diorite, intense chlorite
alteration, moderate to strongly fractured.
Rare patchy limonite. Quartz veinlets with <
2% malachite as fracture coatings. Trace
disseminated chalcopyrite.
B zone. Fine to medium-grained diorite,
intensely fractured; main fracture and shear
oriented Az 330° 70° E. Much limonite, 1-2%
malachite.
B zone. Fine to medium-grained diorite,
intense chlorite alteration, strong fracturing.
Prominent malachite-stained cliff. 5%
malachite on fractures, trace disseminated
chalcopyrite.
B zone. Medium-grained diorite, intense
chlorite (propylitic) alteration. Main fractures
Az 360° 75° E. Malachite and azurite as
fracture coatings, 0.5% chalcopyrite.
B zone. Medium-grained diorite, intense
chlorite alteration of mafic minerals. 1%
pyrite as veinlets < 2 mm wide and
disseminations, trace chalcopyrite with pyrite,
minor quartz associated with the sulphides.
B zone. Medium-grained diorite, chlorite
alteration. 1% pyrite, 1% chalcopyrite, weak
malachite on moderate blocky fractures.
B zone. Medium-grained diorite, intense
chlorite alteration. 1% malachite, trace
chalcopyrite.
Andesite, trace malachite on fractures. Locally
1-2% disseminated pyrite, trace manganese,
carbonate, weak chlorite + epidote.
Gray f/spar porphyry, argillic alteration,
phenos to 4 mm. Pervasive 5-10%
disseminated pyrite.
Float, 0.5 x 0.5 x 0.5 m angular andesite float,
knots magnetite & pyrite, locally 5% each.
18
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
45
Cu
Diorite
DT
75
5580400
?
45
25
90
55 Cu
Qua
rtz,
ser
in d icite,
p
iori
te yrite
PF
5% pyrite
dacite
d
oa
R
PF
e
ic
DT
#
rv
5580300
Se
#002
Andesite
Main Owl Creek Road
st
PF: Andesite, dacite, lesser, rhyolite, basalt
Copper
Queen
Adit
re
Fo
Gd: Granodiorite
PIONEER FORMATION
PFc: Conglomerate, argillite, sandstone
?
d
oa
#
r
ill
dr
INTRUSIVE ROCKS
DT: Dorite
Spetch Creek Pluton
ek
60
#001
ld
O
90
75
²
PF
25
75
#
517600
re
lC
w
O
#063 # # Cu
#061
517500
5580400
FeOx
in volcanics?
517400
5580300
66
70
ic
ls te
Fe dia ic
e an
rm l c
te vo
in
52
517300
5580500
517200
Q
ve uar
in t z
s
517100
5580500
517000
Minor Logging Road
Creek
#
90
G
Foliation
Fractures
lC
w
O
Quartz veining
Fault zone, shearing
Caved Copper Queen Adit
Owl Creek Property
5580200
diorite
DT
Rock sample location with number
Jointing with attitude
5580200
#003
90 Cu
Rock outcrop
# 002
Old
camp
PF
ek
re
Andesite
strong
FeOx
PF
CLEAR MOUNTAIN RESOURCES CORP.
OWL CREEK PROJECT
R.B.
517000
DATA:
PROJECTION:
NTS:
93J
517100
NAD83, UTM Z10N
PF
COPPER QUEEN PROSPECT
Pemberton, B.C, Lillooet Mining Division
Map sheet 92-J/7
DRAWN BY:
5580100
5580100
Geology by Paul Kallock, P. Geo.
November 2010
0 12.5 25
Fig No:
50
75
100
Meters
1
January, 2011
517200
517300
517400
517500
517600
Figure 5. Geology, Copper Queen prospect, A zone
19
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
516400
516600
516800
516600
516800
5581200
5581000
5580800
5580600
5580600
5580800
5581000
5581200
5581400
516200
5581400
516000
0 25 50
516000
516200
100
150
200
Meters
516400
Figure 6. Geology, B zone
20
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
514600
514800
515000
5583000
5582800
5582600
5582600
5582800
5583000
5583200
514400
5583200
514200
0 2550 100 150 200
Meters
514200
514400
514600
514800
515000
Figure 7. Geology, C zone
Five rock samples were collected from the A zone (Copper Queen adit area) and are described in
Tables 2 and 3. Malachite and azurite are present in surface outcrops in an area approximately 160
metres long and 85 metres wide. From the old drill road at the top of the showing to the creek level
where the adit is located is a vertical distance of 50 metres. Copper values ranged from 902 parts per
million (ppm) = 0.09% to 1.985%. The average copper content of the samples is 0.73%. Elevated
values of gold and molybdenum are also present in two of the samples. Highest values were 0.084
ppm Au and 18.35 ppm Mo.
The B zone is located approximately 800 metres northwest of the A zone. Chalcopyrite and copper
carbonates are present on surface within and adjacent to diorite intrusives. Air photo linears indicate
northerly trending structures intersect the main northwest trending Owl Creek shear zone in the area
of the B zone. Geological mapping at the B Zone during 2010-2011 (Figures 4 and 6) identified a
fine to medium-grained, strongly chloritic (propylitic) altered diorite intrusion that has been cut by
Owl Creek. The diorite is well exposed for approximately 100 meters along the northeast bank of
Owl Creek. Intense fracturing and shearing occur predominantly in a north to northwest direction
with dips generally vertical to 70° east. Weak quartz veinlets and traces to 1% pyrite, with or
without chalcopyrite, are developed primarily Az 030° 90° to 75° southeast. Visual estimation of the
content of malachite and lesser azurite is generally less than 1% but locally may amount to 10%,
primarily as fracture coatings. The mineralization in sample 14 visually appeared to contain 0.5%
chalcopyrite and 1−2% copper carbonate (mainly malachite); the geochemical analysis is 3600 ppm
Cu. In the other samples from the B Zone, copper carbonate contributes most to the elevated copper
values as compared to sulphide mineralization. Within and around zone B, north-trending faults that
cross the main Owl Creek fault zone, and outcrops of altered diorite with malachite, suggest a
21
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
favourable target for copper mineralization. Seven chip samples were collected during the 20102011 program within the B zone from altered diorite outcrops along Owl Creek. Copper values
from these samples range from 1150 to 7980 ppm. Molybdenum values range from 1.05 to 12.00
ppm (Table 3, samples 11 to 17).
Style of mineralization at the C zone is very similar to the A zone, although malachite and azurite
are not as abundant in surface exposures along Owl Creek. Geological mapping during the program
in the C Zone indicates that the diorite intrusion in this area is exposed for approximately 250
meters along Owl Creek (Figures 7 and 10). As with the A and B zones, sulphide mineralization
(pyrite and chalcopyrite) occurs as disseminations and veinlets with strong chlorite alteration.
Copper has been enriched near surface due to precipitation of malachite and lesser azurite on
abundant fractures. Structural control for diorite emplacement is apparent from field mapping.
Major faults and fractures are oriented Az 330°, parallel to Owl Creek valley. Numerous weaker
fault strands trend more northerly. Fine-grained diorite contains alteration of weak chlorite, epidote,
and possibly secondary biotite. Four rock samples were collected during the 2010-2011 program
(Tables 2 and 3, samples 4, 5, 9, 10) from the C zone on the northeast side of Owl Creek from
weakly propylitically altered diorite that contains malachite, azurite and traces of chalcopyrite.
Sample 4, a 0.3 metre chip sample contained 2340 ppm Cu and 10.5 ppm Mo. Sample 5, a grab
sample from a one metre-square area contained 434 ppm Cu and 15.5 ppm Mo. Sample 9, a 2.0 m
chip sample contained 2700 ppm Cu and 2.19 ppm Mo. Sample 10, a 2.0 m chip sample, contained
4700 ppm Cu and 11.35 ppm Mo. Copper values range from 434 to 4700 ppm. Molybdenum values
range from 2.19 to 11.35 ppm.
The northwest part of the Owl Creek structure within the west side of the Clear Mountain property
is designated the D zone, situated near the northeast side of Little Owl Lake. The area of the D zone
is mostly covered by overburden; few outcrops are present (Figure 4). The area was examined
during the 2010-2011-2012 programs; no altered diorite outcrops were observed. One rock sample
containing malachite (#18, 197 ppm Cu) was collected in 2012 from andesite near the northeast
edge of the D zone .
During the 2010-2011 geological mapping program, two areas of interest that display pyrite
mineralization in quartz-sericite schist were examined. At 516323 E, 5581692 N (UTM
coordinates) along the Owl Creek Forest Service road, disseminations and lenses of pyrite up to 1
cm wide and 10cm long, locally account for up to 10% of the rock. At 518031 E, 5580805 N,
similar rock was seen. Both of these zones exhibit strong northwest foliation with steep to vertical
dips to the northeast. Host rocks were probably felsic volcanics that have been intensely sheared and
altered. Each exposure of pyrite-quartz-sericite schist is more than 5 metres wide. Quartz veinlets
that bisect the foliation were seen at the western outcrops.
An area 500 metres northwest of zone A was sampled. Sample # 8, a 2.0 metre chip sample of felsic
metavolcanics containing 1-3% pyrite and strong limonite returned 94.2 ppm copper.
Other areas of the property that were examined included two outcrops of quartz-pyrite-sericite schist
that may represent metamorphosed felsic horizons within the Cadwallader Group. Although the two
samples collected from these outcrops did not contain significant gold or copper, sample #006, a
representative grab sample along 5 metres of road-cut returned 15.9 ppm Mo and 21 ppm arsenic,
which are elevated in comparison to other samples of the survey.
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Owl Creek Mineral Claims
10 Geophysics
A helicopter-borne magnetometer survey was flown over the property in January 2011. A grid
pattern was flown across the Owl Creek valley in lines 2.8 km long, oriented 222/42 degrees,
totalling approximately 189 line km of readings. The 66 lines were spaced at 100-metre separation.
The grid encompassed an area 2.5 km by 6.7 km, covering the Owl Creek fault zone, the diorite
plugs, and the four mineralized zones, A, B, C, and D.
A report with a digital copy of the airborne magnetic survey (Pezzot, 2011) documents the survey.
Included are interpretations of the magnetic responses with respect to geological features
(Appendix 1, Goldsmith, 2011). The following paragraphs in this subsection are quoted from Pezzot
(2011).
“The magnetic mapping clearly reflects the NW striking geology, and differentiates between the
major geological units. It suggests there is considerably more structure and complexity than what is
shown on the government geological maps, including two major E-W fault zones. Mineral zones B
and C are located at the intersection of these faults with the NW striking Owl Creek shear zone” (p.
1).
“A subtle magnetic low signature has been correlated with mapped dioritic zones known to coincide
with the observed mineralization. 3D modeling of these anomalies shows they are reflections of
near surface, localized bodies with limited depth extent. The magnetic signature suggests the area
between mineral zones C and B may contain three parallel bands of this dioritic material” (p. 1).
“The diorites associated with mineral zones C and D are reflected by lower magnetic amplitudes
than those associated with zones A and B. It is possible that some of the low magnetic amplitude
may have been caused by increased terrain clearance as the helicopter flew over Owl Creek.
However, anomalous lows are also detected to the sides of the drainage where terrain clearance was
not an issue. It may be necessary to conduct ground magnetic surveys to properly evaluate these
responses” (p. 14-15).
11 Deposit Types
The Owl Creek property displays copper mineralization including chalcopyrite, bornite, malachite,
azurite, and lesser molybdenite that are indicative of copper porphyry-type deposits. At the A zone,
including the Copper Queen adit, malachite, azurite and minor chalcopyrite are present at surface in
what could be the oxide cap overlying a copper sulphide deposit. Future exploration should address
the feasibility of mining and processing a near-surface oxide blanket. Disseminated and fracture
controlled copper sulphides occur at depth as reported from previous drill holes and adit
exploration. Copper sulphides have been reported at the B and D zones and rock samples were
collected during this field program that contain copper carbonates and sulphides from the C zone.
Each zone has a diorite plug that intrudes andesitic volcanics and exhibits chlorite and lesser epidote
alteration typical of porphyry-type copper and/or copper-molybdenum deposits.
Another type of mineral deposit that could occur at the Owl Creek property is the volcanogenic
massive sulphide (VMS) type. Past exploration by Teck Corp in the Tenquille Lake area
approximately 10 km north of the property was primarily directed toward a felsic volcanic package
and known base metal occurrences in an area favourable for the discovery of VMS deposits. Pautler
(1991) describes two volcano-sedimentary island arc assemblages, the Triassic Cadwallader Group
and the post Triassic age (possibly Fire Lake Group) from the Tenquille Lake area. In 2004
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Owl Creek Mineral Claims
Goldking Mining Ltd began exploration in the Tenquille Lake area approximately 8 km northwest
of the Owl Creek mineral claims, and by 2006 had extended holdings into the Owl Creek area.
Much of the work has been supervised by J.T. Shearer, P.Geo., as summarized by Rastad and
Pezzot (2006). On the Goldking property in the Tenquille Lake – Tenas Creek area there are
numerous base and precious metal occurrences in geology that is favourable to host volcanogenic
massive sulphide and gold-bearing skarn mineralization. Three metalliferous horizons were defined
during 1991-1992 drilling of 18 holes, totalling 3,330 metres, by Teck Corp (Shearer 2005). Similar
rocks are present at the Owl Creek property. Although there are no known VMS deposits within the
Cadwallader Group, the geologically similar Gambier Assemblage is recognized as hosting VMStype mineralization such as the Britannia Beach deposit.
Other deposit types that are relevant to the property include gold and base metal skarns that are
intrusive and shear zone related. In 2009, Homegold Resources Ltd carried out geological
assessment of the Mag 1 claim on Owl Mountain, a claim that is not part of the Clear Mountain
property. Massive magnetite in skarn mineralization and lesser quartz-sulphide veins are present
within volcanic rocks of the Upper Triassic Cadwallader Group that have been intruded by
granodiorite. Shearer (2009) reports that previous work at the prospect had returned gold values
from grab samples of up to 0.443 oz/ton Au (15.2 gm/tonne gold).
The Owl Creek property and surrounding areas can be considered to be in a favourable geological
setting where gold and base metal prospects are situated along the eastern edge of the Coast
Plutonic Complex. The Bralorne-Pioneer Mine (past production 7.95 million tons with recorded
grade of 0.552 oz/ton Au) is 43 km north and the Northair Mine (345,700 tons with a recovered
grade 0.34 oz/ton Au, 2.5 oz/ton Ag, 2.4% Zn, 2.0% Pb) is 34 km to the southwest of the Owl Creek
property. Both are hosted in part by volcaniclastic rocks of Mesozoic age (Weick and Allen, 1986).
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Owl Creek Mineral Claims
12 Sampling Method and Approach
Lengths of chip samples were measured with a steel tape. Samples were collected from outcrops by
hand with a rock hammer. Care was given to break rock and collect chips across the entire length of
the sample. Weight of samples varied from about 3 to 7 kg. Twenty-two rock samples were
collected for chemical analyses. Sample numbers, descriptions, GPS grid coordinates, and type of
sample are listed in Tables 2 and 3. Locations of the sample sites are shown on geology maps.
Eighteen of the samples from outcrops are continuous chip samples that vary in length from 0.3 to
4.0 metres. Four samples are representative grab samples of specified length or area. At each sample
locality chips were placed in labelled, heavy-duty plastic bags, and described in a field notebook.
Locations of samples were chosen with a bias towards areas of visible copper mineralization.
Sample density, especially in the A zone (Copper Queen adit area), is not sufficient to calculate any
type of grade estimate. Much of the A zone area was not examined closely nor sampled; it is the
opinion of the author that copper occurrences are present between the sampled sites. In summary,
the five chip samples from the A zone averaged 0.73% copper. These samples also contain elevated
gold values, up to 0.084 ppm Au, and molybdenum values up to 18.35 ppm.
13 Sample Preparation, Analysis and Security
Rock samples were delivered in person to ALS Laboratories in North Vancouver, B.C. at the end of
the projects. No reduction or splitting of samples was performed prior to delivery to the laboratory.
Due to the small number of samples, duplicate sampling and assay checks were not employed. In
the opinion of the author the samples were collected and transported with adequate security.
Analytical procedures are described in Appendix 2.
14 Data Verification
A geological mapping and rock geochemical sampling programme was undertaken at the Owl
Creek property to verify previous information concerning reports of mineralized occurrences. The
present report corroborates results of prior exploration and reported grades of mineralization.
Grades of copper reported from the Copper Queen adit which is now caved at the portal, the nearby
diamond drill hole, and limited drill data from the C and D zones, could not be verified during this
property examination, nor has any core from these areas been seen by the author.
15 Other Relevant Data and Information
A permit would not be required to conduct an IP survey.
There are First Nation groups with interests in the vicinity of the property. Notice to these groups
would be required as a part of a permitting process if physical disturbance were planned. It would
be prudent for the representatives of Clear Mountain to contact these groups, inform them of
proposed exploration activities and hire locally wherever possible.
To the best of the author’s knowledge, there are no known environmental liabilities related to the
Owl Creek property.
25
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
16 Interpretation and Conclusions
16.1 Interpretation
A composite map of historical geology and mineral occurrences, and magnetic interpretation
(Pezzot, 2011, Figure 21, p. 25), is presented in Figure 8.
Inspection of the relationships indicates that the spatial location, lithology, and mineralogy
information that was collected from A, B, C, and D zones in the examinations of November 2010 to
September 2012 is comparable to the findings of historic investigations. Magnetic lows mark the
known locations of mineralized diorite intrusions in the four zones.
Horizontal dimensions observed at surface of diorite in the C and D zones are approximately 350750 m in length by 125-250 m in width. The interpretation from magnetic modelling of depth
geometry of diorite suggests keel shapes that bottom at approximately 300 m below surface.
Similar magnetic low responses between zones B and D may indicate the location of additional
altered diorite intrusives that are concealed beneath shallow overburden.
No outcrops were seen at the northern magnetic high. Unmineralized andesite is present north and
west of this response. The central area of magnetic highs include mafic volcanics and magnetite
bearing andesite that are adjacent to fine grained, strongly magnetic diorite. The diorite has weak
chlorite, quartz and pyrite. The patchy magnetite may represent hornfels or weak skarn
mineralization adjacent to the diorite.
The most extensive area of a magnetic high in the southeast part of the property also exhibits both
the fine grained, strongly magnetic diorite and dark fine grained volcanics. Some of the
intermediate and mafic volcanics have traces of malachite but overall alteration is weak.
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Clear Mountain Resource Corp.
Owl Creek Mineral Claims
Figure 8. Composite geology, mineral occurrences, and magnetic interpretation map
27
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
16.2 Conclusions
Previous exploration for copper has taken place at four areas on the Owl Creek mineral claims.
Malachite, azurite, chalcopyrite, and traces of molybdenite and bornite occur as fracture coatings
and disseminations in copper porphyry-type mineralization within and adjacent to propylitically
altered diorite plugs. The structurally important Owl Creek fault zone and its subsidiary faults are
the main localizers for the mineralized intrusives. Mapping of the diorite intrusives by Naylor and
Scott (1973) suggests that their size is approximately 600-1000 metres long and 90-250 metres
wide.
At the A zone (Copper Queen) rock geochemical analyses contain values of copper up to 1.985%
copper, up to 0.084 ppm gold, and up to 18.35 ppm molybdenum. The results confirm the general
grade and description of past exploration. The abundance of malachite and azurite are the primary
causes of the high copper values at surface (five samples averaged 0.73% copper) at the A zone.
Chalcopyrite is relatively scarce. The presence of a continuous cap of copper carbonate overlying
sulphide mineralization is suggested.
The B zone contains chalcopyrite and copper carbonates on surface within and adjacent to diorite
intrusives. Air photo linears indicate northerly trending structures intersect the main northwest
trending Owl Creek shear zone in the area of the B zone. North of B zone, anomalous stream
sediment geochemistry combined with north trending faults adjacent to the main Owl Creek fault
zone, suggest a favourable target for copper mineralization.
Historic exploration on the C zone included ten diamond drill holes, totalling 2473 metres (8113
feet), all of which encountered copper mineralization. The best result was from drill hole C-2 where
91.4 metres of 0.4% copper and 0.02% molybdenum were intersected.
The D zone in the vicinity of Little Owl Lake has few rock exposures. Information from exploration
by Utah Mining, including the results of 19 percussion drill holes by Pine Lake Mining, is not
available. Sub-economic grades (in 1973) of copper were reported. The area remains a favourable
exploration target. The poorly exposed D zone may be a faulted extension of the C zone. The
combined length of the C and D zones could be approximately 1500 metres. The copper occurrence
(sample #018) in andesite near the northeast corner of the D zone in a newly exposed logging road
cut, may reflect mineralization that is peripheral to the C or D zones. Outcrop in this area is limited.
Glacial till blankets much of the moderately sloping topography.
Compilation of past exploration data from the Owl Creek area and adjoining properties to the north
suggests that in addition to copper porphyry type mineralization, there is also a potential for
volcanogenic massive sulphide deposits within the Cadwallader Group. Additionally there is a
potential for base and precious metal deposits in skarns and in shear zones. Two zones of quartzpyrite-sericite schist were mapped during the present exploration programme. Although these did
not return significant base or precious metal values, they may represent felsic volcanic horizons
within the Cadwallader Group and could be favourable horizons for VMS type deposits such as on
the Gold King claims near Tenquille Lake. At the north end of the property, south of the Chain
Lakes, anomalous molybdenum in soils collected by a Cominco Ltd exploration programme
remains inadequately explored.
Four altered diorite intrusives in the valley of Owl Creek host copper-(gold-molybdenum)
mineralization. Interpretation of the airborne magnetic survey has identified four to six responses
28
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
above areas covered by overburden that are similar to signatures over mineralized diorite. All of
these targets should be explored with ground geophysical techniques.
The trend of magnetic highs north of the Forest Service road does not appear to be associated with
copper mineralization.
Various exploration campaigns have concentrated on one or another of the known zones. A program
should be initiated that would examine multiple sources of mineralization in the group of altered
diorite bodies that might provide an adequate combined bulk tonnage to a central plant.
17 Recommendations
Induced polarization ground geophysical surveys are recommended over the areas of mineralization
in altered diorite and above the overburden-covered magnetic low areas to search for high
chargeability and low resistivity responses that may be caused by sulphide mineralization. A ground
magnetic survey should be completed using stations on the IP grid.
At this time, no further work is recommended at the magnetic high anomalies east of the Owl Creek
Forest Road.
The presence of copper in andesite (sample #018) on the edge of the D zone, or between the D zone
and the northern magnetic high is encouraging. If ground based geophysical surveys are conducted
over the A, B, C, and D zones, consideration should be given to extending the survey toward this
magnetic high.
18 Cost Estimate
IP and magnetic surveys, HST not included.
Phase 2
IP, 26 lines, each 1.5 km length, approx 40 line km.
IP operators prefer to have their own linecutters as the IP crew
Mob – demob
Line cutting, 15 days
IP &magnetic surveys, 40 days
R&B
$ 5,000
25,000
140,000
25,000
195,000
Supervision
Vehicle, fuel, supplies
Report
10,000
3,000
10,000
23,000
Contingencies @ 10%, approx
195,000
23,000
218,000
22,000
Total, Phase 2
$240,000
29
$ 240,000
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
Phase 3
Detailed geophysical surveys, possibly deep IP
on selected targets.
Provisional budget
$ 150,000
Total, Phases 2 and 3
$ 390,000
Results of Phase 2 should be compiled into a report written by a Qualified Person. Continuation to a
subsequent program should be contingent upon positive conclusions and recommendations from a
Qualified Person.
Vancouver, B.C.
October 14, 2012
Locke B. Goldsmith, P.Eng., P.Geo.
Consulting Geologist
30
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
19 References
British Columbia Minister of Mines. Annual Reports, 1923-27,1932, 1937
Cairnes, C. E., 1925. Pemberton Area, Lillooet District, B.C., Geological Survey of Canada,
Summary Report 1924, Part A, pp 76-99
Condon, F., and Scott J. S., 1973. Geological and geochemical report, Owl Creek Area, B.C., for
Mining Corporation of Canada, Geological Survey Branch Assessment Report # 599
Fawley, A. P., 1960. Geological report on claim numbers 393622-393635, B.C. Geological Survey
Branch Assessment Report # 361
Fisk, K. P., 1989. Report on combined helicopter-borne magnetic, electromagnetic and VLF
Survey, Pemberton, B.C., for A and M Exploration Ltd. Geological Survey Branch |Assessment
Report # 19735
Gatchalian, F., and Witherly, K. E., 1974. Geological, geochemical, geophysical and drilling report
on the Owl Creek Property, Pemberton, B.C., Utah Mines Ltd. Geological Survey Branch
Assessment Report #5292
Goldsmith, L.B., P.Eng., P.Geo., 2011. Owl Creek mineral claims, geological, rock geochemical,
and airborne magnetic surveys, Lillooet Mining Division, British Columbia, Canada. Private report
for Clear Mountain Resource Corp. Filed for assessment work.
Goldsmith, L. B., P.Eng., P.Geo., and Kallock, P. A., P.Geo., 2012. Technical Report on the Owl
Creek Property, Lillooet Mining Division, British Columbia, Canada. Private report for Clear
Mountain Resource Corp.
Jackisch, I., 1993. I.P/Resistivity survey on the Owl Property, southwestern B.C., Cominco Ltd.
Geological Survey Branch Assessment Report # 22991
Naylor, H., and Scott, J. S., 1973. Geological report on claims at Owl Creek, Lillooet Mining
Division, B.C., Pine Lake Mining Co. Ltd. Geological Survey Branch Assessment Report # 4623
Noakes, S. B., 1992. Geochemical soil sampling, Pemberton property (Owl claims), Lillooet Mining
Division, Pemberton Lake Area, B.C., Cominco Ltd. Geological Survey Branch Assessment Report
# 22889
Pautler, J., 1991. Geological, geochemical, and geophysical report on the Sungold property, NTS:
92J10W, Lillooet Mining Division, Teck Corporation. Geological Survey Branch Assessment
Report # 21274
Pezzot, E. Trent, P.Geo, 2011. Geophysical interpretation on an airborne magnetometer survey, Owl
Creek property, Lillooet Mining Division, British Columbia. Private report for Clear Mountain
Resource Corp. Appendix 1, this report.
Rastad, S., and Pezzot, E. T., 2006. 3D induced polarization on the Gold King Property, Tenquille
Lake grid, Pemberton, B.C., Goldking Mining Ltd. Geological Survey Branch Assessment Report #
28607
31
Clear Mountain Resource Corp.
Owl Creek Mineral Claims
Rayner, G., and Witherly, K. E., 1974. Geological, geochemical, geophysical and drilling report on
the Owl Creek property in the Lillooet Mining Division, B.C., Utah Mines Ltd. Geological Survey
Branch Assessment Report # 5455
Riddell, J. M., 1990. Stratigraphy of Mesozoic rocks east of Pemberton, B.C. and the setting of
mineral showings (92J/2,7,10), Geological Fieldwork 1990, EMPR, Geological Survey of British
Columbia
Riddell, J. M. and Helm, S.M., and Pautler, J.M., 1991. Geology of the Tenquille Lake, Owl Creek
and Lillooet Lake Area, O.F. 1991-12 (92J/1,2,7,10,) (compilation map at 1:100,000) EMPR,
Geological Survey of B.C.
Roddick, J. A., and Hutchison, W. W., 1973. Pemberton (east half) Map Area, B.C., Geological
Survey of Canada Paper 73-17
Sanders, K. G., and Hrkac R., 1969. Geochemical report on the Ray claim group, Pemberton, B.C.,
Pine Lake Mining Co. Ltd. Geological Survey Branch Assessment Report # 2106
Seraphim, R. H., 1971. Geological report on the O.C. and K.B. claims, Owl Creek, Lillooet Mining
Division, B.C., Pine Lake Mining Co. Geological Survey Branch Assessment Report # 3625
Shearer, J. T., 2005. Geological and geochemical report on the Gold King Property, Tenquille LakeBirkenhead River Area, Gold King Mining Inc., Geological Survey Branch Assessment Report #
27806
Shearer, J. T., 2008. Diamond drilling and geological report on the Gold King Property, Tenquille
Lake-Birkenhead River Area, Wolverine Minerals Ltd. Geological Survey Branch Assessment
Report # 30284
Shearer, J. T., 2009. Prospecting and geological report on the Owl Mountain gold-magnetite
property, Pemberton-Darcy Area, Owl Creek, B.C., NTS 92J7E, Lillooet Mining Division,
Homegold Resources Ltd. Geological Survey Branch Assessment Report # 30691
Weick, J., and Allen, D. G., 1986: Geological report on the Owl Mountain property, Lillooet
Mining Division, B.C., George Resource Company Ltd. Geological Survey Branch Assessment
Report # 15597
Weymark, W. J., 1972. Geophysical report on the airborne magnetometer, electromagnetic, and
radioactivity surveys, Ivan mineral claims, Birkenhead - Pemberton Area, B.C. for J. G. Beggs.
Geological Survey Branch Assessment Report # 4154
Woodsworth, G.J., 1977. Geological map, Pemberton map sheet (92J), Geological Survey of
Canada, Open File 482
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Clear Mountain Resource Corp.
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20 Engineer’s and Geologist’s Certificate
Locke B. Goldsmith, M.Sc., P. Geo., P. Eng.
1. I, Locke B. Goldsmith, am a Registered Professional Engineer in the Provinces of Ontario and
British Columbia, and a Registered Professional Geologist in the Province of British Columbia and
the States of Oregon, Minnesota, and Wisconsin. My address is 601–150 24th St., West Vancouver,
B.C. My occupation is that of Consulting Geologist.
2. I have a Mining Technician Certificate from the Haileybury School of Mines, a B.Sc.
(Honours) degree in Geology from Michigan Technological University, a M.Sc. degree in Geology
from the University of British Columbia, and have done postgraduate study at Michigan
Technological University and the University of Nevada. I am a member of the Society of Economic
Geologists and the AIME.
3. I have been engaged in mining exploration for the past 54 years. I have conducted exploration
programs and evaluations of mineral deposits worldwide.
4. I have written the report entitled, “Owl Creek Mineral Claims, Geological and Rock
Geochemical Surveys, Updated Report, Lillooet Mining Division, British Columbia, Canada”,
dated October 14, 2012. The report is based on published and unpublished geological reports, maps,
data collected during the 2010, 2011, and 2012 exploration programs, and the results of the airborne
magnetic survey.
Respectfully submitted,
Vancouver, B.C
October 14, 2012
Locke B. Goldsmith, P.Eng., P.Geo.
Consulting Geologist
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Clear Mountain Resource Corp.
Owl Creek Mineral Claims
21 Cost Statement, 2012 Program
Personnel
P. Kallock, Aug 28, 29, 30, 31, Sept 1, 2, 3, 10, 11, 17,
½ 19, ½ Oct 7, ½ 9, 13, 14,
total 13 ½ days @ $700.00/day 9450.00
G. Bennett, Aug 28 – Sept 3, total 7 days @ $300/day
2100.00
11550.00
11550.00
Food, Accommodation
2379.70
$2379.70 ÷ 14 man days = $169.98 / man/day
Transportation
Air fares
Bus
Vehicle, 959 km @ $0.30 / km,
Fuel
$471.12 ÷ 7 = $67.30 / vehicle/day
1726.40
76.54
287.70
183.42
2274.06
Analyses
3 rock samples cost $199.24
= $66.41 / sample
2274.06
199.24
Report
Drafting, word processing, photocopies, scans, prints
1345.00
Total
34
$ 17748.00
Clear Mountain Resource Corp.
Appendix 1 – Owl Creek Geology Field Notes
Owl Creek Mineral Claims
Appendix 1
Owl Creek Mineral Claims
Appendix 1
Owl Creek Mineral Claims
Appendix 1
Owl Creek Mineral Claims
Appendix 1
Owl Creek Mineral Claims
Appendix 1
Owl Creek Mineral Claims
Appendix 1
Owl Creek Mineral Claims
Appendix 1
Appendix 2 – Analytical Procedures and Certificate of Analyses
Owl Creek Mineral Claims
Appendix 2
Owl Creek Mineral Claims
Appendix 2
Owl Creek Mineral Claims
Appendix 2
Owl Creek Mineral Claims
Appendix 2
Owl Creek Mineral Claims
Appendix 2
Owl Creek Mineral Claims
Appendix 2