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SOUTHERN BC
Valley Mine onto the Alwin property.
Copper mineralization has been known
to exist on the Alwin property since the
late 19th century and small-scale mining
was conducted on the property during the
early 20th century. Recent exploration and
mining were conducted during two peri
-
ods: from 1967 to 1982 and from 2005 to
2008.
Dekalb Mining operated a 700 tpd
mill on the property in the 1980s, sup
-
plying the plant with copper ore from
an underground
mining operation that
was suspended in September 1981 due to
low copper prices. Total production was
155,000 tonnes grading 1.54% copper.
A trackless development decline exists
to a depth of 270 metres below surface.
Following mine closure, Dekalb calculated
a resource around the mine workings,
which is classified as a non-compliant his
-
torical resource that is estimated at 390,000
tonnes grading
2.5% copper after factor-
ing for 25% dilution. GSP is currently
permitting a drill program
that will focus
around and beneath the Alwin mine
workings.
Independence Gold Corp. [IGO-TSXV;
IEGCF-OTC] has early stage grassroots
exploration to advanced-stage resource
expansion projects in BC and the Yukon.
The company has the Merit exploration
project in the Spences Bridge Gold Belt
where seven distinct structurally-associ
-
ated gold or gold-silver targets associated
with a property
wide ground magnetic
survey has been identified.
The Sullivan Ridge Zone was the initial
focus of a sampling program last summer
due to past discoveries that highlighted
anomalous gold values across a dome-
shaped hill. Rock samples collected at
Sullivan Ridge returned values from trace
to 9.5 g/t gold and 341 g/t silver. The
highest grading samples were collected
from a series of 30-50 cm wide banded
chalcedonic quartz veins on the crest of
the hill which were traced over an area of
700 by 300 metres. The system remains
open to the southwest and to the north
-
east. Also located in the Spences Bridge
region,
exploration work last year on the
