The Hatter Property is comprised of three mineral claims totalling 1,849 hectares located in south central British Columbia, approximately 20 km south of the City of Merritt. The Company acquired 100% royalty-free interest in the Hatter Property claims by staking in January 2022 and April 2022.
The Hatter Property in south-central British Columbia represents a strategic land position underlain by Quesnel Terrane rocks. Nicola Group rocks, which host neighbouring alkalic porphyry systems at the Copper Mountain and New Afton copper-gold mines, underlie the Hatter claims. The Hatter Property hosts anomalous copper in soils and in rock grab samples, coincident with large magnetic highs that may indicate the presence of porphyry related intrusive rocks, similar to copper-bearing rocks elsewhere in Quesnellia.
During the first quarter of 2022, following acquisition of the Hatter claims, communications with local Indigenous communities were initiated prior to planning 2022 work programs. During the third quarter of 2022, the Company conducted onsite project evaluation reviews at Hatter, including preliminary field assessments, geological mapping, and rock and soil geochemistry.