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The Granite Creek Platinum Property is located near Tulameen, British Columbia, 12 kilometres southeast of the Company’s Tulameen Platinum Project. The property covers approximately 1,500 acres and surrounds the confluence of Granite Creek and Newton Creek.
According to pertaining to the historic Granite Creek placer mines, “Gold to platinum ratios range from 4:1 to 1:1, and average 2:1 to 3:1 (, page 4). The proportion of platinum
increases upstream towards Newton Creek. Gold nuggets are coarse and rough, and frequently weighed 160 to 250 grams. Some coarse nuggets found in the lower part of the creek contained a large amount of white quartz.. Platinum occurs in smaller, silver-coloured nodules, generally not exceeding 16 grams in size. A sample of platinum concentrate, with grains of foreign matter removed, analyzed as follows (in per cent) (Geological Survey of Canada Memoir 26, page 137):”
| Platinum | 72.07% |
| Palladium | 0.19% |
| Rhodium | 2.57% |
| Iridium | 1.14% |
| Copper | 3.39% |
| Iron | 8.59% |
| Osmiridium | 10.51% |
| Chromite | 1.69% |
The Company owns a 100% undivided interest in the property’s mineral rights only, and plans to schedule a reconnaissance program in an attempt to locate the underlying source of the historic placer deposits. Of primary interest are quartz veins that are documented to be up to 2.4 metres wide and have been traced on surface over lengths of up to 460 metres near Newton Creek. Narrow quartz stringers in argillite with high-grade gold are also reported in the vicinity (Source: ).
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