Campbell Ridge Property

Summary

The property covers a large molybdenum prospect situated close to tide water, southeast of Stewart. Historical records indicate strong molybdenum mineralization occurs within a zone extending at least 2 kilometres, making this a highly attractive exploration target

Location and Property Status

The Campbell Ridge property is located 35 kilometres southeast of Stewart, British Columbia, on the east side of Hastings Arm.  Silver Grail Resources Ltd. and Teuton Resources Corp. own the property jointly (50-50).

Regional Deposits

The Hastings Arm and adjoining Alice Arm areas are known to contain many large molybdenum deposits. The formerly producing B.C. Moly mine at one time supported a thriving community at the town of Kitsault, 15 km to the southeast of the Campbell Ridge property. It operated from 1967-72 producing 9.3 million tons grading 0.112% moly, before low metal prices forced closure. According to the BC Government Minfile, proven and probable reserves at that time were 104 million tonnes grading 0.11% moly. Currently, Tenajon Resources is developing the very large Ajax moly deposit within the same region

Mineralization

The property was first staked by Noranda Exploration Company in the late 1970’s. Surface work carried out by Noranda from 1979-1981 identified a large area within which molybdenum mineralization was observed, hosted in a variety of rock types including quartz monzonite intrusions.

A soil geochemical sampling program delineated multiple clusters of anomalous molybdenum values extending over a length of 2 kilometres, and open to extension on both ends. Twenty-five of sixty rock samples taken from within this area returned values assaying greater than 0.1% Mo to a high of 2.4% Mo.

With declining molybdenum prices in the 1980’s, interest in the metal diminished and the property was eventually dropped by Noranda. Assessment reports filed with the government of British Columbia do not record any diamond drilling on the property.

Property Location

Moly Anomaly