The SP Property is comprised of four mineral claims totalling 3,763 hectares located in south central British Columbia, approximately 50 km northeast of the City of Williams Lake. The Company acquired 100% royalty-free interest in the SP Property claims by staking in May 2021.
The SP Property covers a strategic land position underlain by geology of the Quesnel Terrane. The SP Property area is located 6 km southwest of the Mount Polley copper-gold mine within geologically similar rocks. Previous exploration at SP has identified areas of anomalous copper and gold soil geochemistry, coincident with large magnetic highs that may indicate the presence of porphyry-related intrusive rocks, similar to copper-bearing rocks elsewhere in Quesnellia.
In June 2021 and October 2021, the Company conducted prospecting and completed a program of geochemical sampling including soil, silt, rock, and vegetation (tree bark) on the SP Property. During the first quarter of 2022, communications were initiated with local Indigenous communities prior to planning subsequent exploration programs at SP. Work completed during 2023 includes reprocessing of existing airborne magnetic data completed to better characterize and prioritize magnetic anomalies associated with historical geochemically anomalous soil samples and an interpreted cross trend structure. In August 2023, the Company received a Mines Act permit to conduct exploration activities on the SP project. In September 2023 the Company initiated a 3 line Induced Polarization survey over priority areas at SP.