BACKGROUND — WIN CLAIMS — BOWSER CREEK ALASKA

During a heavy metals investigation of the southern Alaska Range in 1967 a U.S. Geological Survey Team discovered occurrences of lead, zinc and silver of potential economic significance. USGS Circular 559 described the find and reported assays of 52.2, 56.3 and 309.8 ounces of silver per ton. The reported cost of this government project was $7 million, and the Bowser Creek exposures were considered to be the "find" of the summer. †††† Following the public release of Circular 559 I staked the ground for a small limited partnership that was to become The Alaskamin Company. At this time they entered into a joint exploration venture with Homestake and Granby Mining Companies. For the right of first refusal, these major mining companies supplied geologists and operating expenses for a summerís season of mapping and sampling.

The work accomplished was the blocking out of surface exposure (depth measured by trenching and a visible vertical plunge) of 54,000 tons with a weighted total of 7.199 oz/ton Ag, 2.82percent Pb, 3.05percent Zn, and 0.11percent Cu. Within this total, a width of 20 feet was mapped to have a weighted average of 50 ounces of silver per ton.

Professionals who examined the property were impressed with the potential of continuity beneath the talus surrounding the mineralized outcroppings, and the possibility of a very large mineral zone which could be mineable by surface methods. Dr. Neil Campbell, for Humble Oil and Refining Company reported atomic absorption assays for copper at 1.50, and 2.80percent.

In March 1980, I acquired the rights to the property and re-staked State of Alaska claims in my own name. Since then, to satisfy an annual assessment work requirement, Murray Mining [principal, Barry Murray, a professional prospector/ landsman since 1955] has continued a trenching and sampling program under the direction, in part, of geologist Todd Christensen.

At this date, the assessment work for the previous season has been duly filed with the proper authorities, and the rental payment (a program started by the State of Alaska in 1990) on the claims has been made, on the behalf of Barry G. Murray, 2010 W. 45th Avenue, Anchorage, AK 97751, who is 100% in control of the claims.

Our most recent "finds", upon a second intrusive that missed being evaluated in the 1960Ìs, has returned sample values in Au of .136 and .423 oz/ton (the first gold values reported for this property), and an average of 7 oz/ton Ag across 324 feet, see the Alpine Assay Report. This sampling was† somewhat verified by an outside professional this last summer with a return of Au of .07 on a sample taken from the sluffed in trench on Win #65. These gold returns are not part of the reserve calculations!

The remoteness of the Win Claims has been the only negative point raised by geologists examining the property for Cominco, Hunt Oil, Anaconda, Exxon, other than a temporarily depressed silver market, which has been an industry wide problem. One thing that would help the bottom line economics of this project would be having the State of Alaska build the road to McGrath, and on to Nome, that was surveyed in the late 1960s. Most recent inquiries to the state as to when, and answered with, soon.

Cominco, with their Red Dog project, 120 miles above the Arctic Circle (85 million tons indicated, 2.4 oz/ton AG, 5 percent PB, 17percent ZN) required a haul road of 55 miles to become a viable operation. The State of Alaska, responding to Cominco's needs and demands, built it!

At present, access to the Win Claims is by air, 120 miles from Anchorage. A popular way to reference the location for those who know Alaska is that the property is in the heart of the Alaska Range, 10 miles from the Rhone River Roadhouse, the Iditarod Dog Sled Race Checkpoint after Rainey Pass.

There is a landing strip at the camp located at the confluence of Bowser Creek and Post River that can handle large freighters carrying compact state-of-the-art milling equipment. A proposed road to McGrath, and Nome has been surveyed by the State of Alaska, but there is no date projected for this project to begin.

The breakthrough needed to make this property economically feasible may have come about when the U.S. Bureau of Mines released a Report of Investigations, RI 9022, Recovery of Silver, Gold, and Lead From a Complex Sulfide Ore Using Ferric Chloride, Thiourea, and Brine Leach Solutions. This study shows how to solve the difficulty of milling complex concentrations of sulfide lead/silver/gold ore, as the Bowser Creek ore. It is a simple, inexpensive, low-pollution way to process the known reserves. And as the end product is almost pure metal óinstead of heavy concentratesó it is conceivable that a road might not be necessary.