Bolivar Property

This property consists is centered approximately 1.5 miles (2.4 km) west of the town of Vananda.
Gold and silver mineralization is associated with graphitic shear zones along limestone - volcanic contacts and pyrite rich quartz veins hosted in volcanics. Trenching, diamond drilling and bulk test sampling of the Bolivar deposit revealed numerous spectacular "streaks and stringers" of free gold in graphitic shear zones. One diamond drill hole across the zone returned a 1 foot (0.3 m) intersection assaying 20.84 oz./ton gold (714.5 g/t gold). A bulk sample shipment from the Majorie showing of 25 Tons (23 Tons) in 1916 produced $6,500 in receipts from 314.5 ounces (9.78 kg) of gold recovered, equivalent to a grade of 12 oz./ton (411.4 g/t) at the then prevailing bullion price of $20.67 an ounce.