Stuttgart: BRTN
TSX.V: BVA
Last: $0.185   Volume: 10,030   Change: $0.005

The Baxter prospect is a low-sulphidation epithermal Au-Ag-rich system underlain by felsic flows and domes within a package of volcanic derived tuffs, sediments and breccias. Recent success in the nearby Bruner District resulted in an option agreement being signed in February 2015 by Kinross Gold Corp. where Kinross can earn up to a 75 percent interest in the property with staged exploration and development expenses totaling $4 million over 7 years.

Located approx. 5.6 miles southwest of the Highland property, the land package consists of 240 unpatented lode claims totaling 1,940 ha and is accessible year round by good gravel roads. Initial sampling returned 16 of 51 samples with values from 1.0g/t to 21.2g/t Au, including seven samples >10g/t Au with up to 132g/t Ag. The silver to gold ratio is less than10:1, indicative of a gold-biased system. Kinross recently added another 188 lode claims to the property and has had encouraging results from their initial exploration as detailed in the final paragraph below.

A detailed magnetics survey has been completed. The data was combined with detailed geologic mapping and sampling and previous drill data, which reveals that a rhombic-shaped graben contains auriferous gold veins on three of the graben margins. The fourth margin is entirely covered by gravel. The company's shallow drilling program in 2004 intersected narrow intervals of high-grade gold, including 1.5 metes of 9.12 g/t Au within 6.1 meters of 3.50 g/t Au beginning at 51.8 meters depth and 1.5 meters of 7.38 g/t Au within 10.7 meters of 2.00 g/t Au beginning at 47.2 meters. This mineralization lies along the northeastern margin of the graben, while low-grade gold intersected near the historic Baxter Mine appears to be in the footwall of the southwestern graben margin.

Kinross’ recent program consisted of adding 188 mining claims, mapping, rock-chip and soil sampling over the newly expanded claim block, conducting detailed ground gravity and air-borne magnetics/radiometrics over the entire claim block, and conducting mineralogy studies to identify clay and other alteration products in surface and drill chips. In addition to verifying local high-grade concentrations of gold in grab samples from several veins, specific target areas were identified for drill testing. Five samples contain 10.1 to 43.7g/t Au of the 92 samples of vein, dump material, and wall rock that were collected. The remaining samples assay in the range of less than detection limits to 7.8g/t Au. Sites are being permitted with the Bureau of Land Management; however, specific details and timing for drilling have not been finalized.