The Monte Cristo and Chilco Properties (the Monte Cristo Property) are located in a wide section of the Lillooet River Valley, approximately 31 kilometers northwest of the north end of Harrison Lake, BC, and comprise three contiguous staked claims composed of 14 units that cover approximately 312 hectares (769 acres).

The mineralization of the property consists of precious metal bearing sands that cover a 400 to 800 meter wide section of the Lillooet River valley. These post-Pleistocene sands contain gold and platinum in submicron sized particles. As recorded by the BC Ministry of Mines MINFILE No 092GNE013 and 092GNE019, the sands are estimated to contain inferred reserves of 22.7 million tonnes down to a depth of 30 meters, and that a 1.4 kilogram sample of sand, taken at least a meter below surface, assayed 2.47 grams per tonne gold, 4.80 grams per tonne silver, 2.77 grams per tonne platinum, and 2.71 grams per tonne palladium.

While further assessment remains to be completed, the most recent Assessment Report estimates potential resources to be as much as 50 million tons. As reported in BC Ministry of Mines Assessment Report 2589, "An estimated 25 million tons of alluvial sand underlie the property to a depth of 100 feet from the surface, and although depth of the sands is unknown at this point, indications are that this figure can be increased substantially". The report goes on to say that "precious metal values persist to a depth of 100 feet and, in fact, values increase with increasing depth". Another section of the same report postulates that probable reserves are 50 million tons. The assessment report can be accessed directly at ARIS 2589

The following are among the formal conclusions stated by G.L. Kirwan, the geologist who authored and certified the Assessment Report:

• That silver, gold, platinum, and allied metals exist in submicron size particles along with the possibility of sponge iron in economic proportion and values in the raw sand of the Lillooet River area.
  
• That many producing mines in the world today derive source from submicron size metals in sand material.
  
• That metal values are reasonably consistent throughout the sand having been derived from a common source and deposited under similar conditions, and thus it is highly probable the subject property contains vast quantities of precious metals.
  
• That original samples show very low grade gold values, while more recent findings show an ounce of gold per ton from many assays.
  
• That metal values increase substantially with increase in depth.
  
• That sand is alluvial, not glacial, indicating full contributions of metals throughout.
  
• That sands are amenable to open cut operations in an area of easy access with abundant water supply and source of electric power with direct access to Pacific Ocean ports.
  
• That a probable 50 million tons of sand to depth 100 feet from surface underlie the Chilco property. Inferred faulting adds further depth potential.
  

The report closes with the following statement:

"The depth of alluvium is unknown at this time. However, as the Lillooet River occupies a probable fault zone,.potential for a deep alluvium deposit exists. Samples have been taken as deep as 130 feet elsewhere along the River without encountering bedrock. As concentrations of metals in alluvial deposits normally increase with depth reaching a maximum on or close to underlying bedrock, it becomes significant that values were obtained near surface. Deeper sampling would probably yield higher metal value."