Scrutor Gold

The Scrutor Property consists of 4 contiguous mineral claims totalling 911.25 ha. It is located in northern Vancouver Island, B.C. north of Zeballos and southwest of Port McNeill. The property was first worked in 1946 and then starting again in the mid 1980’s when three zones of interest were identified: Cadmium, Camp and Discovery.

Results to date have returned assay values of up to 8.7 g/t of gold, 46.2 g/t silver, 2.46% copper and 13% zinc in the Cadmium Zone. Work in 2010 resulted in the discovery of the Jim dandy showing at the north end of the property and the Steve Zone near the south end.

The author, J. T. Shearer, M.Sc., P.Geo. was retained to advise Homegold Resources Ltd. on the merits of the property and make recommendations for an appropriate exploration program to be conducted. The author visited the property on April 15, 2012, May 2, 2012 and May 25 and 26, 2022.

The property is underlain by the Lower Jurassic Bonanza Group volcanics of the Wrangellia Terrane which were later intruded by the Island Plutonic Suite to the southeast. The dominant rock types are intermediate to felsic volcanics co-magmatic (in part) with some argillaceous sedimentary units. The units have undergone some deformation and show evidence of greenschist-amphibolite grade metamorphism. Whilst there are no mapped

regional structural faults there is evidence of folding and brecciation in the Discovery Zone where felsic breccias have promising gold values. The gold ± copper ± silver mineralization appears to be hosted in either massive sulphide bodies or in tabular vein or shear zones. An epigenetic hydrothermal ore deposit or volcanogenic massive sulphide model for the property both fit the field observations at this early stage of exploration.

Work in 2014 focussed on the south end of the claim block. Assay results show that the samples collected in 2014 are variously altered volcanics including siliceous dacite (or rhyolite) tuff, hematized banded tuffs and highly chloritic (and carbonatized) andesitic breccia and agglomerates.

Zinc values vary from 262ppm in sample JTS-01 to 25 ppm Zn in Sample SR-03. Lead is relatively low with the highest value in JTS-01 of 17ppm Pb. Molybdenum is also uniformly low.

Further investigation of the property should include an airborne EM survey to be undertaken to determine the location and trend of any sulphide bodies. The extensive vegetation makes discovering the zones difficult and the airborne EM has the potential to define covered structures. As a field program of sampling and mapping to collect more detailed information in the Discovery and Steve showing areas as well as follow up any future airborne EM targets.