NADIRA Q!.,.:, . 'MINES - Property File · 2017. 3. 1. · NADIRA MINES LTD. (Non-Personal...

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"COMPANIES ACT"

NADIRA MIN E S LTD .

(Non-Personal Liability)

JANUARY 16th l 1956

A copy of this Prospectus has been filed withthe Registrar of Companies

PROPtRTY FILE

LOCATION

NADIRA MINES LTD.(Non-Personal Liability)

CA PITA LIZA TION

Outside of E & N Land Grant, Nitinat RiverVancouver Island, British ColumbiaConsisting of 56 staked and recordedMineral Claims, Barclay Land District,Alberni Mining Division.

5, 000, 000 shares, maximumselling price $1. 00 (OneDollar).No par value.

- DIRECTORS-

William M. BennisAlex CallesDavid WhitingHarold G. WatsonMelvin E. MinakerAlexander G. McKenzieOswood G. MacDonald -

Plumbing ContractorPlumbing ContractorPlumbing ContractorChartered AccountantExecutiveSalesmanMine Operator

-OFFICERS-

PresidentVice-PresidentSecretaryTreasurer

Oswood G. MacDonaldDavid WhitingHarold G. WatsonAlexander G. McKenzie

- HEAD OFFICE-

Suite 914, Birks BuildingVancouver,

718 Granville StreetB. C.

- TRANSFER. AGENT-

Crown Trust Co.569 Howe St. - Vancouver, B. C.

- SOLICITOR-

J. D. McPhee, Esq. - 914 Birks Bldg.Vancouver, B. C.

- A UDITOR-·

Riddell Stead Graham Hutchinson626 West Pender St., Vancouver, B. C.

-BANKERS ==-

Royal Bank - Main & 8th Ave. , Vancouver, B.C.

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MINES LTDNAOIRA

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PROPERTY

56 claims.All mineralrights.

2700 acresYear RoundOperation

ACCESSIBILITYTRANSPORTATION

:Roads andRailwaysAvailable

WATER & POWER

Ample WaterPower

SHIPPING

3 Points

GENERALGEOLOGY

IntrusivesVolcanicsLimestonesSchistsSlatesQuartzites


Consists of 56 claims covering an old propertyformerly known as the Southern Cross and latterly as the Bornite; lying six miles approxo duewest of the west end of Cowichan Lake; betweenthe north and south forks of Horse Creek, a tributary of Parker Creek which flows south from TuckLake into the Nitinat River at a point three mileswest of the western boundary of the E & N LandGrant.

The Block of claims contains approxo 2700 acresand covers 15000' along strike and 4500' eitherside of zone and lying between 1000 and 2500 feetelevation. This combined with the relative smallsnowfall in this area assure a round the yearoperation.

There are roads and logging railways in the areawhich make it readily accessible and transportation no ·problem. We are presently negotiatingfor the use of these. Here. we will require no morethan two miles of road construction and to commence with, merely an access road for diamonddrilling equipment and supplies.

The creeks here afford all the water that we willneed for an intensive development program andprobably enough for development power needs.When we reach the production stage we anticipateno difficulty in obtaining sufficient electric powerfor our requirements from the B. C. PowerCommission.

There are three shipping points that will be available, namely, Nitinat Lake, Alberni and the eastcoast at Crofton or Cowichan Bay.

Starting at Victoria, going northwest there is abroad belt knovvn as Vancouver Volcanics, roughlyten miles wide, that persists through to the northend of the island, underlain by the Nitinat limestoneswhich in turn are underlain by the Leech Riverslates, schists and quartzites which are sediments.and the oldest rocks on the island.In this belt of Vancouver Volcanics are minoramounts or lenses of crystalline limestones termedthe Sutton formation, supposedly contemporaneouswith the Vancouver Volcanics.Saanich Granodiorite, an intrusive, occurs infingers throughout the Vancouver Volcanics andsometimes as fairly large masses.

Locallygreenstonelimestonefeldsparporphyry

STRUCTURE

MajorFaulting

METAL

COPPER onlybase metal toincrease inprice and tomaintainincrease.

MINERALOCCURRENCE

ChalcopyriteBornite

ZONE

Good Coppermineralizationin 60 outcrops.Known zone2000' x 400'through verticalrange of 600'


Locally, near the mineralized zone, the rocksare fine-grained greenstones with small amountsof grey limestone, similar to Sutton limestonesand Vancouver Volcanics, with green dyke-likemasses of feldspar porphyry cutting the alteration zone.

Cowichan Lake, Strait of Juan de Fuca are majorfaults with a northwest strike whereas AlberniCanal and Nitinat Lake are major faults runningat right angles. Locally, Parker Creek wouldappear to be an eight mile long part of anothermajor fault running north and south.

The metal is COPPER, the most versatile metalused and the only base metal that has appreciatedin price. Further there are definite indicationsthat the price increase will be maintained, due tothe depletion of the copper mines in the U. S. A.and the uncertain conditions of their formerforeign sources; not to mention the great increasein the uses and users.

It occurs mainly as chalcopyrite with minoramounts of bornite, in what is usually termed askarn zone, another name for a highly alteredzone of volcanics, etc., here, mostly ilvaite andgarnetite. The chalcopyrite occurs sometimesas bands of massive mineralization, but generallyis disseminated in varying degrees through theskarn zone.

The property shows good copper mineralizationin numerous outcrops (over 60, which is anamazing amount in view of the little work done)in a zone or belt 400 feet wide and 2000 feetknown length, over a vertical range of 600 feet.

Since the first work was done further prospectingthis summer located in this heavily wooded area,another outcrop 500 feet further south. In thecreek bed of the south fork of Horse Creek another2000 feet south again from former outcrop,chalcopyrite and garnetite outcrops in variousplaces over a 400 foot width. This creek bed is700 feet lower than lowest outcrop of main showings to the north.

PREVIOUSSAMPLING GRADE1. 15 - 1. 41 %

TONNAGE4500 tons pervertical foot inbelt 1200' x 600'already indicated.

TONNAGEPOTENTIAL

Good possibilityof better gradeundergroundl ofmajor tonnage.

PREVIOUSDEVELOPMENT

Very little doneprobably due tovery inaccessibleheavy forest.Strippingl few cuts lone short tunnel.

PREVIOUSDIAMONDDRILLING

Totally inadequate 6 holes4 negative2 positive


While we obtained an average of 7. 300/0 copper ingrab sampling high grade sections of severaloutcropsl systematic sampling by previous operators suggests a grade between 1. 15 and 1.41 % forfive ore bodies in a belt 1200 feet long 600 feetwide l indicating 4500 tons per vertical foot.

Since the mineralized rock would weather morereadily and be less likely to outcrop, there is agood possibility of finding higher grade oreunderground.

While much of this belt will undoubtedly beporphyry intrusive l that is directly associatedwith the ore l obviously if the whole indicatedbelt of 4500 foot length and of 400 indicated widthlof 1300 foot vertical range proves up we wouldhave a mine of major proportions.

- DEVELOPMENT-

There has been very little surface work done sincethe property was first found in the early 1900 'swhen the trail from Lake Cowichan to Albernitraversed. directly over the outcroppings. Butwhen one considers the enormous task of development that confronted prospectors at that time, inan area thickly forested with trees two and threehundred feet highl where they had only trails andcable crossings over the river I it is little wonderno large scale development was embarked upon,especially with the price of copper at 10 to 12cents per pound.However, the oldtimers managed todo-consideTablestripping, get in a few cuts and even a short tunnel.

In 1942 by means of pack horses, a limited amountof diamond drilling was done. The results werenot encouraging, which is not surprising in viewof the complex pattern of faulting and intrusivesthat usually exist in this area. Consequently wefeel that the six holes of a total of 2000 feet,hardly adequate in a zone of this size.Over 500/0 of the coring was in intrusive l and inour opinion half of the holes drilled with the dipand possibly two through a fault.Nevertheless 2 of the holes cored ore comparableto that on the surface.

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PRESENTDEVELOPMENT

STRIPPING &OPEN -CUTTINGUnnecessary

SELF-POTENTIALGEOPHYSICALSURVEYMore informationquicker, cheaper.

Anomaliesbetter drilltargets.

Definitely givestrike and dipof ore,

as well asFaults, dipsand strikes.

GEOPHYSICALRESULTSA rea surveyed2000 feet long900 feet wide 0

1500' on Il)ap.

Zone 450 I wide2000' long.

2 Anomalies300' wide1 - 600' long1 - 250' long.

NADIRA MINES LTD.(Non - Personal Liability)

SELF-POTENTIAL- GEOPHYSICAL SURVEY-

Due to the very heavy forest with its very hightimber value it was considered both unwise andunnecessary to launch upon a program of strippingand open-cutting which is the usual procedure inopening up a new prospect. Instead it was decidedfar more information could be obtained by runninga Self-Potential Geophysical Survey, coupled witha thorough effort at prospecting and geologicalmapping; especially in view of highly gratifyingresults obtained on other properties, employingthese methods, not to mention it would be farquicker and cheaper.

The purpose of this survey was to outline possibleheavy cores or' concentrations of sulphide orchalcopyrite, both those that appear in the outcrops and others that might otherwise be covered,since they would erode quicker than the surrounding rocks.

Once outlined, we have more definite targets fordiamond drilling or other methods of exploration.In addition, study of the maps of this survey willusually indicate the strike of the ore and the dip,which are very important in order to drill to thebest advantage 0

Faults, their strikes and dips, can usually bedetermined greatly aiding diamond drilling andother exploration work.

An area 2000 feet long, 900 feet wide was coveredby the survey, and as can be seen by the map, awide belt of 11 anomalies were outlined and as alsocan be seen, most of the anomalies have copperoutcrops on the m and the readings are not too high,so that graphite can be ruled out as a possibiliLy.

The zone as outlined, confirms that previouslystated, of the outcrops, 400 feet wide or a littlebetter and 2000 feet longoThe survey was carried 500 feet north of the mapshown.

The indicated individual widths of mineralizationare as high as 300 feet with lengths up to 600 feet.

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NADIRA MINES LTD

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SELF POTENTIAL SURVEY

G. A. MIlCDoNALD SEPT IQS5

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?RESENTDEVELOPMENTOre outcrops onmos t ano malie s.

Exceptionalresults.

PROPOSEDDEVELOPMENTDIAMONDDRILLINGpreferable toundergroundprogramprovidedthorough.

MAJOR ANOMALIEScombined length1000' require100' griddrilling

50 holes400 ' average20, 000 feet.

$4.00 perfoot.

$80,000.00


It would appear to some that the zone lackscontinuity, whereas it could be the result ofoverburden, faulting or intrusive dykes andpossibly all three.

To us the results are highly gratifying and theanomalies of exceptional widths and lengths.Certainly worthy of an intensive exploration.

PROPOSED DEVELOPMENT-

A s readily seen, a zone of this tre mendoussize, will require intensive exploration, inorder to arrive at accurate tonnages andaverage value. And while we could launchan underground program, the capital expenditure would be much larger than that requiredfor a diamond drilling program; also the timerequired much greater.

However to launcha limited drill program wouldbe equally unsound as already demonstratedhere. It should be comprehensive enoughto correlate in detail, all the results.

The two major anomalies, each 300 feet wide,have a combined length of 1000 feet and toproperly drill these alone, the holes shouldbe put down on a grid of 100 foot spacingafter working out the faulting, ore strikeand dip.

This would mean 50 holes each of whichshould average 400 foot depth, making atotal of 20, 000 feet of drilling to be done.

Owning our own drills, having ample watersupply and ready access to the area assuresus of a lower than average cost per foot andwhich we estimate will not exceed $4.00inclusive of logging and splitting.

Briefly, we will require $80, 000.00 fordiamond drilling alone. In addition to thiswork and as soon as conditions permit, wewill resume, at an increased rate, our geophysical surveying, geological mappingand prospecting.

PROPOSEDDEVELOPMENT

CAMPS,. ROADS$15,000.00accommodate24 men.

PROGRAM COST

$125,000.00.

SHARE OFFERINGto public

250, 000 sharesat 50<: per sharenet to the treasury.


We, already, have purchased some campequipment and accommodation which willprovide for 24 men, sufficient with which tocarry out our full program as outlined inthe foregoing. Finished this will cost usroughly $5, 000.00. Roads will cost another$10,000.00.

Allowing for diamond drilling, camps,geological mapping, geophysical surveying,prospecting, equipment and roads, we willrequire the sum of $125, 000. 00.

Therefore we are hereby offering to,thepublic 250, 000 shares at 50<: per sharenet to the treasury.

There will be no commissions paid, nodirectors I fees, no remuneration otherthan the nominal charge the Crown Trustmake in handling this for us, and advertising costs, etc.


- SUMMARY-

It is only after thorough preliminary investigation whereby we have assuredourselves that this property has very definite possibilities of making a largemine~ that we present it for your support.

IN RETURN FOR YOUR FINANCIAL SUPPORT

we offer you~

the maximum use of a dollar

the minimum issue of treasury stock~ compatible with

the most expedient development~ aided by

the experience of management in this area; where

the geology is very favorable and

the structure exceptionally strong~ with

the mineralization exposed here of great extent; and of

the metal~ COPPER~ which is at

the most favorable price and demand in its history~

the known zone of 2000' length, 400' width~ 600' vertical range

the indicated zone~ at least~ 4500' length~ 400' width, 1300' vertical range

the group of claims with 15,000' on strike of zone~ 4500' in dip, where

the location is ideal economically; assuring us of

the lowest cost of development possible, of

the tremendous tonnage indicated~

the development of which means

the fair participation of all in

the possible production of great new wealth from

the natural resources of British Columbia.


STATUTORY INFORMATION

(a) The Company was incorporated on the 8th day of July" A.D."1955.

The Registered Office of the Company is at Suite 914 BirksBuilding" 718 Granville Street .. Vancouver" B. C. Theliability of the members is limited to the amount actuallyagreed to be paid for shares taken or held by them. Theauthorized capital of the Company is 5" 000, 000 shareswithout nominal or par value with the maximum price orconsideration at or for which the shares may be sold of$1. 00 a share.

The Company has no other indebtedness" save and except thesum of $1.246.81 representing moneys advanced by way ofloan by Oswood G. MacDonald to and for the benefit of theCompany, to be paid out of the proceeds of the sale of the250" 000 shares applied for herein.

The Company has sold 150,000 shares at the price of 13 1/3e)per share which netted the treasury $20" 000.00" no commission having been taken on the sale of any of these shares.

(b) The Company has carried on mining development work in themanner and on the properties acquired by it as follows:

Self-potential, geophysical program has beencarried out as provided for in the Prospectus of the Companydated the 20th day of August, A. D." 1955 over an area of900 feet in width and 2, 000 feet long. In addition the Company

. has carried on prospecting and trail-cutting as well aserecting te mporary camps and geological mapping as shownin Dr. Skerl's report.

(c) The number of shares offered by this Prospectus is 250" 000at the price of 50¢ per share to net the treasury 50¢ pershare, there being no commission chargeable in this regard.

(d) No minimum subscription is required the Company havingobtained a Certificate to commence business under date the24th day of August, A. D." 1955.

(e) There has been issued and allotted to the subscribers for preorganization shares 150" 000 fully paid non-assessable sharesof the Company at 13 1/3¢ a share of which number 50,000are held In Escrow by the Crown Trust Company" Vancouver"B. C.

(f)

(g)


The particulars of the properties acquired by the Companyfrom Oswood G. MacDonald as Vendor are the 56 staked andrecorded mineral claims known as "0. G. M. " 5-56" inclusiveof the 4 staked and recorded mineral claims known as"Bornite" 1" 2" 3 and 4 all located approximately six milesdue West" of the West end of Cowichan Lake on the East sideof Ridge between Worthless and Parker Creeks of the NitinatRiver in the Barclay Land District" Alberni Mining Division"Province of British Columbia and recorded at Alberni"British Columbia.

The full name" address and occupation of the Vendor of theproperties under paragraph (f) hereof is as follows:

Oswood G. MacDonald300 East 7th A venue

Vancouver" B. C.Mining Operator (Development)

the said Oswood G. MacDonald having transferred the hereinbefore described mineral claims to the Company and whichminera't claims are now recorded in the name of the Company.There has been issued to the said Oswood G. MacDonald900" 000 fully paid non-assessable shares pursuant to theaforesaid Agreement dated the 20th day of August" A.D."1955 which shares are escrowed with the Crown TrustCompany at Vancouver" B. C." as provided for in theregistration of the Company under the "Securities Act"No. 2825D.

(h) No debentures are offered for subscription by this Prospectus.

(i) Other than as mentioned in paragraphs (e) and (g) hereof noamount has been paid or will be paid to any promoter.

(j) There are no special rights or restrictions attached to theshares offered by this Prospectus.

All shareholders on record of the Company shall have theright to vote at all Shareholders' Meetings of the Company"and in case of a show of hands every member presentshall have one vote" and on a Poll" every member shallhave one vote for each share of which he is the registeredholder. A Director must hold one share in the Company toqualify him as a Director.

The remuneration of the Directors shall from time to timebe determined by ordinary resolution.

NADIRA MINES LTD~

(Non-Personal Liability)

(k) The full names, addresses and occupations of the Directorsand the amount in each case subscribed by each of them forshares in the Company are as follows:

MelvinE. Minaker1050 Devonshire Crescent

Vancouver, B. C.Executive

Harold G. Watson1731 Tatlow Avenue

North Vancouver, B. C.Chartered Accountant

Oswood G. MacDonald300 East 7th A venue

Vancouver, B. C.Mine Operator (Development)

Alexander G. MacKenzie4609 Oak Street

Vancouver, B. C.Salesman

David Whiting5721 Cree Street,

Vancouver, B. C.Plumbing Contractor

William Marinas Bennis4003 Juneau Street

Vancouver, B. C.Plumbing & Heating Contractor

Alexander Calles8070 Oak Street

Vancouver, B. C.Plumbing & Heating Contractor

have each subscribed for one (1) share.(1) Full particulars of the nature and extent of every Director

in the promotion of or in the property proposed to beacquired by the Company are fully set forth in paragraph (g)hereof.

(m) The name and address of the Auditors of the Company is:

Riddell, Stead, Graham &: Hutchison626 West Pender Street

Vancouver, B. C.

(n)


The Contract made between Oswood G. MacDonald as Vendorand the Company as Purchaser dated the 20th day of AugustA. D., 1955 covering the 56 staked and recorded mineralclaims hereinbefore referred to and acquired by the Companymay be inspected at the Registered Office of the Company,914 Birks Building, 718 Granville Street, Vancouver, B. C.,from Monday to Friday inclusive between the hours of 10:00a. m. and 4:00 p. m. except holidays.

DATED at Vancouver, B. C., this 16th dayof January, A.D., 1956.

"OSWOOD G. MacDONALD"

"DA VID WHITING"

"HAROLD G. WATSON"

"M. BENNIS"

"M. E.MINAKER"

"A. CALLES"

"A. G. MacKENZIE"

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NADIRA Q!.,.:, . 'MINES - Property File · 2017. 3. 1. · NADIRA MINES LTD. (Non-Personal...

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Transcript of NADIRA Q!.,.:, . 'MINES - Property File · 2017. 3. 1. · NADIRA MINES LTD. (Non-Personal...