Property: Two large claim blocks totaling 21,290 ha make up the Hit Property.
Location: 27 km’s north of Princeton B.C.
Owned: Colorado has an option to acquire a 100% interest in 5,404.6 ha of the property and owns 100% of the remaining 15,885.6 ha.
Target: Epithermal Gold in Quartz Veins, Porphyry Copper-Gold and Volcanic Redbed Copper.
Rock Type: Nicola Group Volcanic Arc portion of the Upper Triassic Quesnel Terrane Lithologies include alkali to calc-alkalic subaqueous to subareal volcanic rocks, coeval intrusive bodies and associated sedimentary rocks including limestone.
1990-91 Vanco Exploration Corp
2007 Avanti Mining Inc
Work by Colorado
In 2010-2011, exploration work was conducted on the original Hit Claims (752.4 ha) covering the Hit and Miss Minfile occurrences. In 2011 this work included:
|Trench||Sample||From||To||Width||Gold (g/t)||Silver (g/t)|
|Trench 90-07 SE wall||170606||2.40||3.00||0.60||9.80||122|
|Trench 90-07 NWwall||170615||4.30||5.30||1.00||7.40||76.0|
In the fall of 2011, Colorado Resources acquired additional property by purchase agreements and staking around the original Hit Claims, increasing the Property size to 11,785.5 ha and covering 18 Minfile occurrences.
Spring 2012, Colorado Resources continued to acquire property through staking and option agreements, creating two claims blocks: Hit-Aspen Grove North and South and increasing the property size to 14,291.3 ha and covering 20 Minfile occurrences.
In 2012, an extensive property wide exploration program including:
Colorado continues acquiring property through purchase agreements and staking. As of Spring 2014, the Hit-Aspen Grove Property covers 21,292.2 ha and includes 27 Minfile occurrences.
In 2014, Colorado plans to:
Investors are cautioned that the exploration target at Hit is an early-stage exploration prospect, conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
The above technical information and all the other technical information on this website pertaining to geology and drill hole data was prepared under the supervision of Colorado's Vice-President of Exploration Greg Dawson, P.Geo. a Qualified Person as defined in National Instruments 43-101 - Standards of Disclosure for Mineral Projects.