THE TREASURE MOUNTAIN SILVER & GOLD SUITE

GPEX’s “Treasure Mountain Suite” consists of three properties, the “Morning Star,” the “Argentum” and the “High Silver” claims. These tenures are closely located to one another and jointly comprise 294.156 hectares. The claims are situate on Treasure Mountain in the upper Tulameen River region of British Columbia. The area represents one of the older hardrock mining camps in the southern west-central sector of the province. Exploration and development on the mountain commenced in 1894. Located 27 kilometers east/northeast of Hope, the area is readily accessible by 38 kilometers of well maintained logging roads departing from the Coquihalla Highway, 1.5 kilometers north of the toll booth (52 kilometers north of Hope), followed by approximately three kilometers of dirt road. These claims are conducive to prospecting for approximately seven months out of the year.

The general underlying geology is comprised of tuffaceous and politic sediments of the Upper Jurassic Dewdney Creek Group. Mineralization is generally consistent in character throughout the area. It consists of silver-bearing sulfides in quartz carbonate veins localized along locally prominent, steeply dipping fault structures, subsidiary faults and tension fractures. Veins vary in width and usually consist of a central core of massive sulfides with veinlets and disseminations distributed outward.

The immediate area, known as the "Treasure Mountain" or "Summit" property, has seen sporadic but at times, intensive activity during four periods following its discovery in 1894. Initial work was carried out from shortly after the discovery to about 1913. From 1920 to 1932 some production was realized and then in the 1950's the Treasure Mountain area again produced a minor amount from a 50 ton per day mill. During this decade Huldra Silver Inc. hadbeen actively exploring the claims immediately east of the current “High Silver” tenure. The Summit claim, a portion of the former Summit Camp, is favorably situated just west of Huldra Silver and has shown the existence of similar mineralized veins.

By 1900, high grade assays from varied properties included 0.08 oz/ton gold, 23.8 oz/ton silver and 3.6% lead. Galena mineralized payshoots assayed up to 130 oz/ton silver and 200 oz./ton silver. The “old” Morning Star claim, which comprises 1/12 the ground as that of the current Morning Star tenure, had similar but more minor showings. A summary of the metals shipped to the end of 1952 from two neighboring properties indicates the deposits produced 40,431 ounces of silver, 392,357 pounds of lead and 102,079 pounds of zinc from an estimated 1,300 tons of concentrates. In 1954 a 50 ton concentrator was installed. In 1987, Harrisburg-Dayton conducted magnetometer and soil geochemistry surveys over neighboring areas. Trenching was carried out in late October and exposed intermittent vein segments along a 170 meter strike trend that yielded silver values of 88.38 oz/ton and 50.9 oz/ton over 0.5 and 0.9 meters respectively.

Activity in the region, as with that throughout the mining industry, has fluctuated according to the rising and falling precious metals markets. Following decades of low prices, the upswing in precious metals has generated renewed interest and extensive explorations. Firms and individuals are now focused on many of the older claim areas. With the opening of GPEX’s mineral property portfolio, these and several other dynamic prospects of high potential, are now made available to parties bearing serious hardrock interest. Whether a larger mining interest, a junior firm desiring to expand upon its operations or holdings, the entrepreneurial mining speculator, the individual seeking investment opportunities, the small operator desiring a Mom & Pop operation, or, the junior prospector seeking a quality property to engage in hardrock explorations, quite possibly the acquisition of one or more of GPEX’s properties will satisfy the search.