NEW FINDS— WIN CLAIMS — BOWSER CREEK ALASKA

The price of silver began to fall to disastrous lows (down from a high of $50 to $3.20) shortly after I acquired the property. In a holding situation, my program mainly has been the minimum required for assessment fulfillment ($15,000 per year). With the exception of the following, the majority of time and effort has been spent on airstrip and camp maintenance, and rebuilding the Caterpillar. From the first reading of U.S.G.S. Bulletin 559, I had been intrigued by the fact that the highest reading stream sediment samples collected by the U.S. Geological Survey happened to be upstream of the "hot spots" where the minerals was actually exposed.

In 1968, Wm. Sharp laid out some trenches, and sampled across bedrock exposures in the creek bed, with less than promising results. His report suggested further exploration upstream when time and resources permitted.

Dr. Armstrong's overview also caught this curious detail. He suggestion was to examine the second intrusive, upstream, and in particular the small granodiorite stock outcropping at the head of Bowser Creek itself.

To summarize a number of seasons hand work, following the suggestions of Sharp and Armstrong, Murray Mining has uncovered two new exposures in the headwaters zone that, at a minimum, double the reserves known and documented in this portfolio of reports. These are:

Win# 65

This find is a massive vein of material, in place, measuring 14.6 feet wide, with a nearly vertical dip. The assay return from Alpine Assay, Twin Falls, Idaho, detailed X-1 to be 16.28 oz/ton AG, .01% PB, .10% ZN.

No calculations have been made as to size of the deposit, and it was not included in any reserve computations. This exposure had been hidden by 8-10 feet of loose talus, upon an unstable slope. After being photographed and sampled, this vein was covered over again by sliding rock.

It would be a good idea to open this exposure up with the Caterpillar, and follow the associated mineral coloring that shows upon the surface of the talus. This pathfinder staining extends for 350 feet.

Win# 64

This find, located upon the side of a cliff, 600 feet in altitude above the find on Win #65, is extremely difficult to reach. However this also happens to be one of the few exposures on the whole property that is not hidden by talus. Measuring length and width was comparatively easy.

The mineralization is massive and uniformly returns an assay, shown as X2, from Alpine Assay, among others, with values in the range of 6.98 oz/ton AG, .88% PB, 8.98% ZN, .04% CD. For tonnage calculations, I used 324 feet in length, 82 feet in width, and 60 feet in altitude for depth. Since the slope is at 45 degrees, the depth figure was divided by half. Those dimensions, using the formula supplied by Wm. Sharp, and James Orr in their reports, gives a total of 63,763 tons of measured ore.

Other Minerals

There is a real possibility of values present in other minerals. An example of this may be the .04percent cadmium in the Win #64 sample (a continuous chip across the exposure) which would add a million or more to the value of the measured ore if included in the gross volume calculations . The colbalt reported by the Bureau of Mines would also add value.

Our new finds have also returned a value in AU. As I understand the process, the presence of gold in the ëcapí of the second stock indicates that this structure has not been subject to the erosion experienced in the S1, and N Zones. I should mention that even though I did get AU assay returns of up to .423 oz ton, these have not been proven time and time again in enough separate samplings by outside professionals, as the AG samples have, for me to present them with confidence.

Our most recent development has been directed to—thanks to the State of Alaska confirming the projected cross faultó and the apparent difference in the ore on the first intrusive, and the second, of this property being, if you will, a mine next to another mine.