The Palmer project is located in the Alexander Terrane, within marine sedimentary and volcanic rocks of Devonian to Triassic age. These rocks correlate with host rocks of the giant Windy Craggy deposit, (297 million tonnes at 1.4% Cu, 0.07% Co, 0.2 g/t Au, and 3.8 g/t Ag), and the high-grade Greens Creek deposit (7.5 million tons grading 14.4 opt Ag, 0.12 opt Au, 10.24% Zn and 3.89% Pb, and a global resource of 24 million tons at slightly lower grades). The numerous showings and prospects on the Palmer property occur along two mineralized trends over a combined strike length of at least 9 miles. Repetition of the principal mineralized horizons by folding is interpreted to account for the distribution of at least 25 separate base metal and/or barite occurrences) across the property. Recent work has established the existence of more than one stratigraphically stacked mineralized horizon. Notable prospect areas include Glacier Creek (South Wall and RW zones), Mount Henry Clay, Cap, Nunatak, Hanging Glacier, the Gullies, Boundary and Red Creek. The showings/occurrences are associated with interpreted exhalative horizons in a thick sequence of basalt flows with interbeds of sediments, andesite flows and tuffs and fragmental and massive rhyolites. Extensive pyrite-sericite schists and siliceous rocks provide a common link to the showings suggesting the presence of a very large extensive mineralized system.

The Glacier Creek prospect has received the most attention. Mineralization at Glacier Creek occurs on both limbs of a large-scale south-overturned anticline that is cored by a south-directed reverse fault with modest offset. Two major stratiform horizons, the RW and Main horizons, have been identified on the shallowly to moderately dipping upright limb of the anticline. Highlight drill intersections of the RW horizon include 3.79% copper and 7.24% zinc over 14.0 meters in hole CMR07-07, and 10.86% zinc, 0.13% lead, 0.23% copper, 0.13 g/t gold and 44.4 g/t silver over 5.12 meters in hole CMR06-01. Three separate, stratigraphically stacked zones (South Wall zones I, II, and III) have been identified on the steeply dipping to overturned limb of the anticline. Highlight intersections include drill hole CMR08-14 that contains an interval of 15.2 meters of 5.1% copper, 1.79% zinc, 0.29 g/t gold and 20.5 g/t silver within a larger interval of 38.7 meters of 3.16% copper and 3.6% zinc. Both the RW and South Wall zones are open down dip and along strike.

At the Mount Henry Clay (MHC) prospect, abundant high-grade baritic massive and semi-massive sulfide boulders occur near the limits of a perched or stranded glacier. The average grade of a large number of the boulders is: 19.3% zinc, 1% copper, 0.4% lead, 38.2 g/t silver, 0.22 g/t gold, and 20.6% barium. Although the source of the boulders has not been determined, the area remains attractive for discovery. Silver-and barite-rich stratiform mineralization at the Cap prospect (134 g/t Ag over 23 m) remains virtually untested at depth and laterally, and other occurrences on the property have also yielded excellent precious-metal values (e.g., 11.84 oz/ton Ag and 0.092 oz/ton Au in a bulk sample of baritic semi-massive sulfide from Nunatak, and up to 198.9 g/t silver, 1.58 g/t gold, 14.1% zinc, 2.3% lead, and 0.36% copper from massive sulfide at the HG prospect). Lithologies are metamorphosd to greenschist grade.

For more information on the Palmer Project please view the 43-101 technical Report