- Access - Road accessible
- 80 kilometers SW of Williams Lake BC
- The Koster Dam Project is 18 kilometers North of the former producing Blackdome gold-silver mine.
The claims fall within the Cretaceous/Eocene Age Nechako Basin which has recently become a significant gold environment with targets including the Newton Hill occurrence located 90 kilometers to the west, the Blackwater Davidson occurrence located 220 kilometers to the northwest and the Blackdome Mine located 18 kilometers to the south.
Heavy mineral samples from several small drainages within the area of the claims returned very high gold values with some exceeding 10 g/t Au. A subsequent search of assessment records indicates that part of the current claims was staked a few years later and re-sampled confirming the initial results with heavy mineral sample results of up to 20 g/t Au being obtained. The assessment report indicates that only four rock samples were collected and it appears that follow-up was minimal.
Koster Dam is optioned to Oakley Ventures Inc. Oakley may earn an initial 45% interest in Koster Dam by matching prior expenses of $110,495 within 12 months of the effective date. Oakley may also acquire an additional 5% right, title and interest in the Property by paying $50,000 in cash within 30 days of exercising the Initial Option. Oakley may thereafter, at its sole discretion, purchase the remaining 50% interest in the project by paying $400,000 within 20 days of completing the initial option or proceed with a joint venture with Cariboo Rose Resources.