Phoenix Claims

British Columbia

 

The Phoenix Claim Group, B.C.

The Phoenix claim group consist of four recently acquired claims located in the prolific Greenwood mining camp of southern British Columbia. This area has a rich history of mining and is considered to be one of the most concentrated mineralized areas of the province.

Glenora (2) and Black Bear claims and the Pride of the West Crown Grant.

The properties are located six kilometers west of the city of Greenwood, B.C. and nine kilometers north-west from the city of Grand Forks, B.C. The properties have year-round access, are easily accessible from the nearby Highway #3 and a powerline crosses the claims.

The Claims are situated 1 km south-east of the historic Phoenix Open Pit Mine which produced over 1 million ounces of Gold and 500 million pounds of Copper up to 1978 (historical results) and 500 meters north-west of the Golden Crown Mine which contains a NI 43-101 compliant indicated resource of 163,000 tonnes containing 62,500 of gold equivalent ounces and an inferred resource of 42,000 tonnes containing 13,100 of gold equivalent ounces (source: GOM website).

A total of 2,488 tonnes grading 15.4 g/t Au and 1.5% Cu were reportedly mined from the Golden Crown Vein during the early part of the 1900’s, although the extent of workings and dumps suggest more (BC Minfile). Production came from a steep south dipping vein averaging 1.5 m in thickness, via three stopes on the 100-foot level within 55 m of the shaft

The Black Bear and Pride of the West properties run parallel to a corridor of west northwest trending sub parallel and closely spaced, steeply dipping massive sulfide and quartz-sulfide veins occurring in the southeastern part of the adjacent Golden Crown property as part of a 4 km long gold/copper system defined by drill hole intercepts, trenches, gold soil geochemical anomalies and geophysical (“VLF”) anomalies. The Glenora claims on trend of the corridor and directly adjacent to the southern entrance of a 1,070 meter long underground exploration drift that was developed in 1985 to access a multi-vein system of the Golden Crown mine.

Golden Dawn Minerals reported in a December 4, 2017 news release results from surface diamond drilling at its Golden Crown property. Drill hole GC17-02 intercepted 12.3 meters (9.24-21.58 m), 3.53 g/t Au, 0.11% Cu, Including: 4.6 meters (17.0-21.58 m), 7.60 g/t Au, 0.13% Cu.
Drill hole GC17-05 intercepted 6.95 meters (14.65-21.60m), 6.77 g/t Au, 1.18% Cu, Including: 2.69 meters (18.13-20.82m), 16.48 g/t Au, 1.96% Cu.

Belmont plans to compile additional data on the claims in order to plan the best possible exploration program to enhance the property while concurrently reviewing additional strategically located claims and crown grants in the Greenwood area, along the same mineralized trend of other discoveries in the vicinity.