Silver Baron Property

Summary

The Silver Baron property covers several silver prospects and former high-grading silver ventures located at the headwaters of Glacier Creek, a few kilometers northeast of Stewart, B.C. This portion of the region, the Glacier Creek mining camp, was the focus of the 1910 stampede which saw 20,000 people come into Stewart and the neighbouring town of Hyder, Alaska

The Glacier Creek mining camp saw some activity in 1980 when silver rose to $50/oz but it has been relatively quiet in succeeding years. Activity in the area is expected to increase now that IDM Mining has purchased the Red Mountain gold property (adjoining east of the camp), with plans to place the mine into production by 2020

Silver Grail Resources Ltd. and Teuton Resources Corp. own the property jointly (50-50).

Regional Deposits

The Silver Baron properties adjoin to the west of the extensive Red Mountain gold property, recently purchased by IDM Mining from Seabridge Gold.

Red Mountain is a 14-square-kilometre hydrothermal system within the Stikine terrain. Gold mineralization is associated with and partially hosted within an early to mid-Jurassic multiphase intrusive complex, with associated volcanic and volcaniclastic rocks and sediments. Many gold mineralized zones occur on the property, including four mineralized zones with established resource estimates. Three of the four mineralized zones have been folded and are separated by dip-slip fault zones: the Marc, AV and JW zones. These mineralized zones are moderate to steeply dipping, roughly tabular and vary in widths from one to 40 metres, averaging about 15 metres in thickness. Gold and silver tellurides, and free milling mineralization are associated with stockworks, dissemination and patches of coarse-grained pyrite. Alteration facies includes strong quartz-sericite alteration

The formerly producing Portland Canal and Dunwell Mines are situated to the west of the Silver Baron claims.

Mineralization

In 1910 the Glacier Creek mining camp was part of the Bear River mining district, one of the busiest exploration centers in British Columbia and encompassing an area situated within a twenty miles radius of Stewart. At that time the population of Stewart was 10,000 and neighboring Hyder (in Alaska) also had approximately 10,000 inhabitants. All of this activity was aimed at exploration and high-grading of numerous silver occurrences ( mostly vein deposits). Although several exploration booms followed after the discovery of the Premier (1920’s), Granduc (1960’s) and Eskay Creek mines (1990’s), Stewart has never again boasted a population comparable with this period.

Dozens of known silver-bearing showings are known to occur within and close to the Silver Bell claims Some of these, like the Columbia-Evening Sun vein (now covered by the Silver Baron property) have small resources, e.g., 118,000 tons @ 3.5oz/ton according to the government records (NOTE: these resources were calculated prior to the introduction of National Policy 43-401 and as such cannot be said to conform with the stipulations contained therein and consequently cannot be relied upon). Much higher grade, but smaller deposits, are also known. These include the L & L, Lakeview, Ruth and Francis, Black Hill, Sunshine, Nabob, Alice, RAF Copper and Silver Bow prospects.

Because of the intense ablation (meltback) of snow and icefields at high altitudes throughout the Stewart region, large tracts of virgin ground have come open. These, in particular, represent outstanding targets for prospecting. Several such areas are now exposed in the eastern portions of the Silver Baron claims and are considered excellent targets for exploration.

In early 2006, an Aeroquest helicopter airborne EM-Mag survey was completed over part of the Silver Baron and outlined numerous conductors. Ground-truthing has yet to be carried out