British Columbia Epithermal Gold and Lead-Zinc Project

Sedimentary exhalative “SEDEX” lead-zinc-silver: OSPIKA, northeastern BC
OSPIKA is located within the Selwyn basin, at the southern most extent of the Kechika Trough. The Selwyn basin is one of the most productive regions for zinc-lead-silver SEDEX and stratiform barite deposits in the world (Goodfellow and Lydon, 2007).   

A property visit in August 2008 confirmed the presence of the prospective stratigraphy, regionally known as the “Gunsteel Formation” (pictured above, showing sedimentary pyrite beds)– host to numerous SEDEX Deposits in the area such as Cirque , Driftpile (Teck-Cominco, 43MT and 18MT), and Akie (Mantle Resources, 23MT).  Ospika is approximately X km south of the Akie.

OSPIKA has all of the characteristics common  to substantive lead-zinc-silver deposits in the region, but only  minimal exploration work to date.   From the available historic data, assessment reports indicate up to 110,000ppm barite in stream sediment heavy mineral separates (BC assessment report 10831). 

An airborne magnetic and EM survey is underway as of late September, 2008. 
Located 50km east of the northern end of Williston Lake, 225km WNW of Fort St. James.  Currently, there are logging roads to within 10km of the property, which is generally accessed by a 10 minute helicopter flight.

Epithermal Gold-Silver:  Interior Plateau, BC
Large epithermal deposits have been discovered within the same geological belt that hosts Takara`s epithermal properties: Big Bar and Baez.  Regionally, the belt, which extends along the western North American coast, is known to host major epithermal gold deposits (such as the world class Coeur D’Alene deposit).  Historically, epithermal deposits in Canada have not been recognized.  This was compounded by the nature of previous exploration in the region, which focused more on base-metals and an ensuing failure to assay for gold.
Above: advanced argillic alteration, Big Bar property
 
Big Bar
Epithermal, brecciated, mineralized vein systems characterize the property, located 55km W of Clinton.  Historic grab samples from various vein sets have assayed 0.9 to 2.17 g/t gold and 3.0 – 45.9 g/t silver. 

Above: advanced argillic alteration, Big Bar property

Baez
Located 50km southwest of Nazko, Baez is underlain by favourable felsic volcanic rocks, showing advanced argillic (epithermal) alteration.  Historic drill core data records assay values of 6.2 g/t silver, 0.32 g/t gold, and 995 ppm arsenic, over 2m.
 
Exploration
Both properties are road accessible.  Modern airborne geophysical surveys are planned for late September/early  October of 2008, with related alteration mapping and prospecting.