The claims are underlain by Lower Jurassic Hazelton Group, Telkwa Formation volcanics comprised of andesitic to basaltic flows and tuff with intercalated greywacke, argillite and graphitic shale. The volcanics are intruded by an Eocene Babine Intrusion comprised of porphyritic granodiorite. The Hazelton rocks are unconformably overlain by interbedded sandstone, shale and mudstone of the Sustut Group. Also, north of the claims a medium-grained diorite with lesser hornblende porphyry were noted cutting interbedded andesite tuff and argillaceous siltstone with some banded greywacke.

Drilling near the central part of the property indicated it is underlain by an interbedded sequence of moderately dipping, fragmental andesites and black argillaceous, locally graphitic sediments. Drill intersections from Intersections of up to 1.5 metres of disseminated, stringer and massive banded pyrrhotite, pyrite with minor chalcopyrite were found in the graphitic zones. Banding appears to be conformable with layering in the host rock. A basic dike was seen to cut the stringer and massive banded sulphides in addition to the more common post-mineral shearing and narrow carbonate filled fractures.

Sulphide mineralization also consists of disseminated pyrite with magnetite in the Hazelton rocks with minor disseminated and fracture filling pyrite and pyrrhotite in graphitic sections.

In 1966, Bethex reported a 0.3 metre quartz-carbonate vein occurring in the Hazelton rocks hosting galena, sphalerite and chalcopyrite. The vein strikes 074 degrees dipping 75 degrees northeast in greywacke near the northwest corner of the Red 2 claim (see Mag - 093M 002).

Drilling to 1994 in the southern part of the RED property has identified massive and stringer sulphides within a 30 metre wide zone and extending over a strike length of more than 200 metres. That part of the sulphide zone tested to date is reflected by a moderate to strong HLEM conductor, an IP anomaly and a coincident magnetic high probably due to the pyrrhotite content.

HISTORY

The Trek Group of 100 claims was staked by Bethex Explorations Ltd. in March 1966. Geological and geophysical surveys were carried out. In 1967 the property was expanded to 126 claims. Magnetometer and induced potential surveys indicated several anomalous areas. Diamond drilling totalling 968. metres in 9 holes was carried out.

Canadian Superior Exploration Limited held the property as the Hag 1-64 claims in 1972. Work included an induced potential survey over 10 line-miles covering Hag 1-26 and 47-49, a magnetometer survey over 32 line-miles covering all claims, and a geochemical soil survey (874 samples) covering all claims.

Canadian Superior Exploration Ltd. and Quintana Minerals Ltd. each held parts of the Bethex ground in 1972 and conducted IP and geochemical surveys.

The RED 1 mineral claim was located by Gerard Auger in 1984 to cover the area previously drilled by Bethex. An option agreement was subsequently negotiated with Anglo Canadian Mining Corporation who completed horizontal loop electromagnetic (HLEM) and magnetometer surveys in early 1986. Anglo Canadian entered into a joint venture agreement with Equity Silver Mines Limited in 1987 and 7 inclined holes totalling 963 metres were drilled in two areas of the property. A 3-metre section of core containing mudstone with only minor sulphides yielded values of 0.92 per cent copper, 0.44 per cent zinc and 6 grams per tonne silver (Property File Rimefire Carter, 1989). Equity commissioned an IP survey in 1988 to further define HLEM conductive zones prior to drilling 6 widely spaced holes (914 metres) to test secondary targets in early 1989.

A 1990 drilling program was planned by Equity to furthervtest the zone drilled in 1987 and 6 drill sites were were prepared prior to changing corporate objectives which resulted in the return of the property to the original vendors in May 1990.

Noranda Exploration Company, Limited conducted a DIGHEM IV airborne EM-Magnetometer survey over a large area north and east of Bell copper mine in 1990. The area covered included the RED property and results of this survey were made available to the property owner

The 1994 work program, conducted between August involved a re-examination of drill cores stored at the Equity minesite and the collection and analyses of 31 core samples for subsequent analyses.