- Metals of Interest: Gold
- Location: 20 kilometers northwest of Sooke, British Columbia
- Surface area: 25 cell mineral claims covering 7,188 hectares and two overlying cell placer tenures covering 43 hectares.
The Valentine Mountain Property (“the Property”) hosts the Valentine Mountain gold quartz vein developed prospect (British Columbia MINFILE 092B108) for which a cut (uncut) indicated mineral resource estimate of 54,763 tonnes @ 9.3 (16.4) grams of gold per tonne in 2 veins, and a cut (uncut) inferred mineral resource estimate of 20,700 tonnes @ 22.6 (22.6) grams of gold per tonne in 2 other veins, were completed by the author in 2011. This estimate meets the standards and guidelines of National Instrument 43-101 and the Canadian Institute of Mining’s Standard Definitions, and replaces all prior mineral resource estimates completed for the Property. The Valentine Mountain Property also hosts the BPEX (Braiteach Zone) gold quartz vein showing (British Columbia MINFILE 092B 075), located 4 kilometres west of the Discovery Zone, plus several other gold exploration targets and industrial mineral occurrences.
The tenures which constitute the Valentine Mountain Property have been assembled and owned 100% by Newfoundland Discovery Corp., to cover portions of the former property of the same name previously owned by Beau Pre Explorations Ltd. (“Beau Pre”). The Property consists of 25 cell mineral claims covering 7,188 hectares; and 2 overlying cell placer tenure covering 43 hectares.
The Property surrounds Valentine Mountain (elevation 974 metres), is located 20 kilometres northwest of Sooke, B.C. on southern Vancouver Island, and is accessible by forestry roads secured by locked gates managed by Timberwest Inc. The Property area is underlain entirely by high grade metamorphic rocks of the Pacific Rim Terrane, which hosts several minor past producers of gold, silver and copper, including the historic Leech River gold placer gold district (British Columbia MINFILE 092B078), located just to the east of the Property.
The property warrants phased exploration work aimed at discovering and delineating gold quartz vein mineralization through systematic yet strategically targeted geochemistry, drilling and bulk sampling programs. The exploration target model for the Valentine Mountain Property is the gold quartz vein type, similar to the recently reopened Bralorne Gold Mine in south-central B.C., which is owned by a different company, Bralorne Gold Mines Ltd.
This report recommends future work programs totalling $4 million in two phases.