DEM Property – Option to Acquire 100%
A High Potential Copper-Gold-Silver Prospect in British Columbia
NI 43-101 Report for DEM Property
The 10,451 hectare DEM Property, optioned on August 2, 2023, hosts the newly drilled (assays pending) “DEM Halo” copper-gold-silver porphyry prospect, a roughly 4km2 target area defined by multiple supporting data sets. These include strong multi-element geochemical anomalism in soils, including highs to 2.1 ppm Au, 160 ppm Ag, >10,000 ppm As, and 651 ppm Cu, directly associated with an underlying large-scale donut-shaped magnetic anomaly and exceptionally strong, deep-running IP chargeability and resistivity anomalies, associated with favourable geology and regional scale structures. All of these factors, when combined, suggest high discovery potential.
As announced August 2, 2023, the Company has the right to earn a 100% ownership interest in the DEM Property in exchange for staged cash payments to the optionors over four years cumulatively totaling $980,000, in addition to escalating work commitments totaling $5,000,000 over the same time frame.
Further details on the DEM prospect may be found in the accompanying NI 43-101-compliant technical report entitled “Technical Report on the DEM Property” dated August 30, 2023. The report details the geological setting of the DEM Property with a particular focus on the DEM Halo prospect, where the bulk of the surficial historical exploration work (but no drilling) by prior operators has taken place, and recommends a 2-phase work program in follow up.
DEM Site Photos - October 21
DEM Site Photos - October 29-31