509 HECTARE EXPLORATION TARGET LOCATED IN THE HEART OF THE HISTORIC BRIDGE RIVER MINING CAMP, PROXIMAL TO MULTIPLE HIGH-GRADE PAST PRODUCERS.
New Pilot is a gold-copper exploration property located in the Bridge River Mining Camp, approximately 180 kilometers north of Vancouver, or 10.5 kilometres west of the village of Gold Bridge, British Columbia. The 509-hectare (1,257 acre) property is accessible by paved road and has been the subject of historical exploration.
Between 1992 to 1994 Cogema Canada Ltd conducted detailed prospecting and sampling. 99 grab samples were taken in three zones (A, B, C in Figure 2), with three returning values in excess of 100 grams-per-tonne (“g/t”) gold (“Au”), including 102 g/t Au, 106 g/t Au with visible gold, and 111 g/t Au; three returning values in excess of 10 g/t Au (17 g/t Au, 21 g/t Au, 33 g/t Au); and 14 others returning values in excess of 1 g/t Au.
In addition, 59 soil samples, 229 rock samples, and 66 core samples from a small 108-meter diamond drill program were also obtained. Significant results obtained included chip samples of 4.03 g/t Au over 10 meters, and 1 g/t Au over 10.5 meters in drill core.
Three styles of mineralization have been identified on the Project: siliceous fractures containing sulphides, carbonate altered shears, and quartz veins containing arsenopyrite.
In the summer of 2019 Nexus conducted preliminary field prospecting as part of a phase one exploration program, with a total of 36 rock samples collected
A zone of copper-gold mineralization was confirmed with selective samples returned gold values of 15.3 g/t Au, 33.4 g/t, silver (“Ag”), and 2.5% copper (“Cu”), in addition to 4.27 g/t Au, 5.5 g/t Ag, and 0.27% Cu, and 3.91 g/t Au, 3.72 g/t Ag, and 0.51% Cu
The mineralization identified consists of a shear occurring in a granodiorite proximal to the contact between the coastal intrusive rocks and Bridge River sedimentary rocks
The average of the 15 samples collected over this 13 by 16-meter zone is 2.37 g/t Au, 5.2 g/t Ag, and 0.55% Cu
The Project location is situated at the contact of the Coast Crystalline Complex and the Bridge River sediments. Over the past 80 years several exploration programs have been conducted over or near the property, initially concentrating on the Pilot Mine and its strike extension. The Project is relatively close to the producing Bralorne Pioneer Mine, lying 18 kilometres to the south east.
OVERVIEW
The Bralornegold camprepresents one of Canada’s most prolific mining operations.
From 1928 to 1971, the Bralorne and nearby Pioneer and King mines produced 4.15 million ounces of gold from 7.9 million tons of ore.
*The Bridge River Mining Camp is the largest past producer of gold in British Columbia.
** In 2017, Blackstone Minerals Ltd, an Australian-based company, acquired the Little Gem Project, a high-grade cobalt and gold prospect, located approximately 900 meters from the New Pilot location.
