Projects
Appleton Projects: |
Appleton’s key British Columbia project is the Spences Bridge Gold Belt in south-central British Columbia. Appleton holds just over 74,000 hectares in the Spences Bridge Gold Belt. The Spences Bridge Gold Belt is a northwest trending belt of Cretaceous volcanics of island arc affinity, stretching from Princeton northwestward to Lillooet with smaller outliers continuing further northwestward to Gang Ranch. The low-sulphidation epithermal precious metal potential of this belt of rocks was unrecognized until the early 2000’s when exploration began in earnest.<More detail...> Appleton Exploration Inc. has entered into an option agreement to acquire the Sping Copper-Silver property, located 160 kilometres north of Smithers, British Columbia. The Sping property is comprised of the optioned Sping mineral claim and 11 additional contiguous claims staked by Appleton. The property package now totals 4,603 hectares. Appleton may earn a 100% interest in the Sping claim, subject to a 2.5% net smelter return (“NSR”) royalty, by making cash payments totalling $170,000, issuing 200,000 common shares and completing $1,000,000 in exploration expenditures on or before May 30, 2010. Appleton has the option to purchase up to 1.5% (3/5) of the NSR, in increments of 0.5% for a total cost of $1,750,000. The Sping property lies within Hazelton Group volcanic and volcaniclastic rocks interbedded with Bowser Lake Group sedimentary rocks, on the eastern boundary of the...<More detail...> |
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Did you know?More than 850 mining development and
exploration company offices are located in Vancouver BC. Canada attracts more investment in mineral exploration than any other
country in the world. Actual land usage for mining
is only .03% of BC's total land base. |