Royalty: Elk Gold Deposit

British Columbia, Canada

Gold

Operator: Bayshore Minerals

Royalty: NSR: 2.0%

The Elk Gold Deposit is located within the Similkameen Mining District in southern British Columbia, Canada, approximately 325 km northeast of Vancouver and 55 km west of Okanagan Lake. The property consists of 27 contiguous mineral claims and one mining lease covering 16,566 hectares.

The property has excellent infrastructure: the Coquihalla – four-lane highway – crosses at the northern portion of the claim group and major power lines are located within 20 kilometers of the project site.

Prospecting activities date back to the early 1900s but detailed work in the area began in 1960s and 1970s by several companies who focused on copper and molybdenum. Fairfield Minerals investigated the area for gold in 1986. Approximately 51,500 ounces of gold were produced between 1992 and 1995 from a test pit.