Galaxy Properties

Galaxy 3D Model Video

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The Data Compilation and Modelling of the Galaxy Deposit Report   

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The Galaxy 43-101 Technical Report   

Project and Ownership

The Galaxy property is comprised of nine claims, two Crown granted claims (Golden Star and Evening Star) and seven mineral claims (Sugar 1 through 7), covering approximately 91 hectares, seven kilometres southwest of the city of Kamloops in south-central British Columbia within the Kamloops Mining District. The project is located approximately seven kilometres southeast of the past-producing Afton mine and four kilometres northwest of the former Ajax mine.

All of the claims and the under-surface rights on the Crown grants are 100% owned by Discovery-Corp. The seven mineral claims are in good standing until 2018. The two Crown granted claims are in good standing and are renewed annually. There are no outstanding royalties payable on the property.

The Galaxy property is situated entirely on land with privately held surface rights. Surface title to the Evening Star and Golden Star crown grants is held by Waterford Holdings Ltd. and surface title to the seven mineral claims is held by Sugarloaf Ranches Ltd., a company owned by Teck Cominco Ltd. Discovery-Corp has maintained good working relationships with both companies and, should the Galaxy property move into the production phase, the Company is confident Waterford Holdings Ltd. and Sugarloaf Ranches Ltd. will sign land-use agreements.

The Galaxy property is centred 2.5 kilometres south of the Trans Canada Highway and approximately 4.5 kilometres east of the Coquihalla Highway. From Kamloops, follow the Lac Le Jeune road for approximately 5.5 kilometres from its intersection with Copperhead Drive. Just south of Wallender Lake, a dirt road heads northwest from the Lac Le Jeune road for approximately 2.5 kilometres to the Galaxy property.

The property is located within the Kamloops city limits and approximately seven kilometres southwest of the city centre. Local infrastructure is very good with the two major highways in close proximity and the Canadian Pacific Railway located approximately five kilometres north of the property. The Afton area has a long history of mining and exploration and all necessary services, including a full-service airport, are available in Kamloops.

The property covers gently rolling hills, typical of the area, with elevation ranges across the property of approximately 915 metres to 975 metres. A thick layer of glacial till commonly exceeding 10 metres covers the Galaxy property and rock exposure is limited, with less than 5% outcrop on average. Vegetation consists of open, mixed Douglas fir and ponderosa pine forest with grassy undergrowth and open areas with sagebrush and bunchgrass. A small ephemeral pond, the Galaxy pond, is located immediately west of the Galaxy zone. Seasonally and by permit only, limited water is available for drilling from the pond. Hauling or pumping in water would be necessary if significant water volumes were required for exploration or mining purposes.

The climate in the area is semi-arid, with hot summers, little rainfall and with temperatures typically exceeding 30 degrees Celsius during summer months. Winters are relatively mild with little snowfall and with average temperatures just below freezing. Although winter may last from mid to late November through to early April, exploration is possible year round.

Regional Geology

The Galaxy property is situated within the Quesnel Terrane. The oldest rocks in the area belong to the Devonian to Permian Harper Ranch Group, which consists of two members, a lower volcanic arc succession and an upper carbonate platformal succession, and forms the basement to the Quesnel Terrane in this area. Overlying the rocks of the Harper Ranch Group is the Late Triassic Nicola Group, a thick subaqueous island arc assemblage that forms a belt approximately 25 kilometres wide and as much as 7.5 kilometres thick. The Nicola Group consists mainly of fine-grained and porphyritic volcanics of dominantly andesitic composition and of tuffs and breccias. Minor sediments are associated with the volcanics, including limestone, argillite and conglomerate. In the Iron Mask area the Nicola Group is separated into eight distinct units. One of these units is a serpentinized basalt known locally as picrite, which is intimately associated with many of the known mineral deposits. The picrite has been interpreted to represent wedges of basalt that have been tectonically emplaced along major fault zones.

The Nicola rocks are intruded by the Late Triassic Iron Mask batholith, a northwest-trending body comprised of two separate plutons, the southern Iron Mask pluton (22 kilometres long by 3 to 5 kilometres wide) and the Cherry Creek pluton to the northwest (5 kilometres by 5 kilometres). The Iron Mask batholith is host to a number of important alkalic copper-gold porphyry style deposits including the following:

Deposit	Class	Tonnes (m)	Cu (%)	Au (g/t)	Cu cut-off (%)
Afton	Past production	22.1	0.91	0.67	-
New Afton	2006-measured and indicated resource	68.7	1.02	0.77	0.7
Pothook	Past-production	2.4	0.35	0.77	-
Ajax (East & West)	Past-production	16.6	0.33	0.25	-
Crescent	Past-production	1.4	0.44	0.18	-
Rainbow – No. 2/22 zone	2005-indicated resource/inferred resource	31.6/1.1	0.41/0.29	0.09/0.07	0.25
DM/Audra/Crescent	2005-indicated resource/inferred resource	16.2/9.4	0.35/0.32	0.19/0.15	0.25
Big Onion	Historical resource	3.3	0.71	0.44	-
Galaxy	Historical resource	1.7 0.9	0.39 0.65	0.13 0.22	0.3 0.5

While most of the mineralization is hosted within the Iron Mask batholith, near the contact with the batholith the Nicola rocks may be foliated and may also contain copper mineralization.

The Iron Mask batholith is subdivided into four phases: the Sugarloaf, Cherry Creek, Pothook and Hybrid. Saussuritized feldspars and widespread propylitic alteration are common within the Iron Mask batholith. Albite alteration occurs in highly fractured zones in all phases of the intrusion. Similarly, K-spar alteration occurs locally in all phases but is most widespread in the Cherry Creek phase as a result of its higher primary potassic content. Copper-gold mineralization is most often associated with the Cherry Creek and Sugarloaf phases of the intrusion and with contacts between these phases and the Pothook or Hybrid phases. The mineralization is typically associated with albite and/or K-spar alteration.

Structurally, the Iron Mask batholith is dominated by northwest-trending, high and moderate-angle faults that have been interpreted as major deep seated structures that controlled deposition of the Nicola Group rocks and emplacement of the batholith. Most of the deposits discovered to date are located within these favourable structural corridors, one of which passes through the Galaxy property and hosts known mineralization at the Galaxy zone.

Property Geology and Mineralization The Galaxy property is situated in the northeastern portion of the Iron Mask batholith along the favourable Iron Mask-Galaxy structural corridor. A northwest trending band of picrite occurs along the western property boundary and marks the position of a major steeply dipping, northwest trending fault. West of the fault, the Cherry Creek phase is exposed while to the east, Nicola volcanics, Sugarloaf and Hybrid phases occur above a zone of highly foliated, red (hematitic) mylonite several feet thick. The mylonite occurs along a low-angle west dipping fault that is believed to be part of the Cherry Creek thrust. Albitized Cherry Creek monzodiorite, with typical hypabyssal textures, occurs at depth in the footwall of the thrust/mylonite zone as well as on surface, east of the surface trace of the thrust fault. The Cherry Creek phase in the vicinity of the Galaxy zone is medium to fine-grained, pinkish-grey, quartz-bearing porphyritic rock with widespread strong albite alteration. The altered rock is buff to light grey in colour with a pinkish cast and may contain veinlets of quartz and carbonate. Both K-spar and mafic minerals are typically absent. Fractures and slip planes are typically hematitic.

Mineralization in the Galaxy zone occurs in the hangingwall of the thrust/mylonite zone within the Sugarloaf phase and within Nicola volcanics. The area is structurally complex, with several steep faults that postdate the thrust fault and the mineralization.

Mineralization
Alakalic copper-gold porphyry style mineralization is well known within the Iron Mask batholith. Since the late 1970s, four deposits (Afton, Ajax, Pothook and Crescent) have been mined, all by open pit methods with all ore being processed in the Afton mill. Recent exploration has delineated a number of other deposits, including a higher-grade underground bulk-mineable resource at the New Afton mine. Considerable exploration and research in the area has resulted in a well-defined deposit model that includes both medium to large, low to medium grade, near-surface open-pittable mineralization, such as Afton and Ajax, and small to large, medium to high-grade, underground potentially bulk-mineable mineralization such as the New Afton deposit.

Although mineralization can occur in all phases of the Iron Mask intrusion, all of the significant mineralization discovered to date has been hosted within the Cherry Creek and Sugarloaf phases where they are in contact with the older phases of the intrusion. Mineralization consists of fracture-controlled chalcopyrite and lesser bornite with association magnetite and with peripheral pyrite and pyrrhotite. Gold is associated with copper mineralization and minor molybdenite is common on fractures. Palladium and silver are important in some of the deposits. Higher-grade mineralization typically occurs in fault and hydrothermal breccias and often in pipe-like bodies. Supergene alteration may occur, such as at the Afton deposit where much of the deposit was within a supergene alteration zone that contained significant native copper and lesser chalcocite.

Several favourable structural corridors (the Leemac, Afton and Iron Mask-Galaxy) are recognized within the Iron Mask batholith. The structural corridors are zones of brittle deformation up to 500 metres in width and often contain slices of picrite or of Nicola volcanics. All of the important known deposits in the Iron Mask batholith occur within a favourable structural corridor. Discovery-Corp.’s Galaxy property is well situated along the Iron Mask-Galaxy structural corridor.

Alteration assemblages vary in the different deposits; however mineralization is always associated with alteration. The mineralizing event is pre-dated by an intense albite alteration event that appears to be an important control for later faulting and thus for focussing mineralizing fluids. Typically a broad zone of propylitic alteration encompasses areas of mineralization and potassic alteration is common in all deposits that are characterized by pyrite, chlorite and epidote, while potassic alteration involves the replacement of plagioclase by K-spar.

Essentially all of the previous exploration on the property has been carried out on the Galaxy zone. Historical workings include a 27 metre deep shaft (the Evening Star shaft) and approximately 400 metres of underground workings. Numerous open cuts and trenches were dug to test the zone on surface although most were unsuccessful in reaching bedrock. Since 1961, a total of 137 holes totalling 15,558 metres have been drilled on the Galaxy zone.

Galaxy Zone
The Galaxy zone is located entirely on the Golden Star and Evening Star claims. The only known mineralization on the Galaxy property is the Galaxy zone, situated just east of Galaxy pond. The Galaxy zone is an elongate, northwest trending fault-bounded zone of mineralization hosted within Nicola volcanics and Sugarloaf diorite measuring approximately 345 metres in length by 120 metres in width. It is comprised of two discrete sections of mineralization referred to as the South Block and North Block. Mineralization is truncated at depth by a low-angle, west-southwest dipping thrust fault that surfaces approximately 90 metres east of the Evening Star shaft forming the eastern boundary of the deposit. A northwest-trending zone of picrite marks the position of a major steeply-dipping, northwest trending fault and defines the western faulted contact of the deposit.

Galaxy Zone – South and North Block

Sulphide mineralization within the Galaxy zone consists primarily of pyrite, chalcopyrite and pyrrhotite, as fracture fillings and hairline to centimetre-scale veinlets and as fine disseminations adjacent to fractures. Massive to semi-massive sulphide veins, locally exceeding one metre in width, occur within the mineralized zone. Pyrite and chalcopyrite also occur as blebs in orthoclase-albite-epidote veins with albitized and/or propylitic alteration envelopes within intensely sheared zones. In general, mineralization appears to be best developed near the intersection of northwest and northeast fault zones.

Gold values are associated with copper mineralization. Gold values of 3.53 grams of gold per tonne and 7.56% copper over 6.09 metres were reported in 1990 drilling with more typical values of 0.1 to 0.9 grams of gold per tonne with 0.3% to 3.0% copper. Discovery Corp.’s 2006 drilling showed significantly lower copper and gold grades from drill core than earlier reported results, with the best result being 0.46 grams of gold per tonne and 0.72% copper over 12.47 metres.

Several historical resource estimates have been prepared for the Galaxy zone, although none conform to NI 43-101 standards, most recently a 1996 estimate of 1.7 million tonnes grading 0.39% copper and 0.13 grams of gold per tonne with a higher-grade resource of 862,000 tonnes grading 0.65% copper and 0.22 grams of gold per tonne.

Discovery-Corp believes there is potential for additional mineralization on-strike to the southeast and northwest of the Galaxy zone, in discrete fault bounded blocks where little exploration has taken place as well as the potential to discover the offset root of the Galaxy deposit in the footwall of the thrust fault that truncates the mineralization at depth. The Company believes the resource potential of the Galaxy property is significant and intends to conduct further exploration to establish a NI 43-101 compliant resource estimate.

Previous Exploration

Work on the Galaxy property dates back to the late 1890s with the discovery of mineralization on the Evening Star claim, at what is now known as the Galaxy zone. Considerable exploration and development work was carried out property in the early 1900s, particularly on the Evening Star claim including two open cuts, two short shafts, a short tunnel as well as several shallow pits and trenches dug on the Evening Star and Golden Star claims.

Through to 1917, various operators continued to explore the Galaxy property and carried out a considerable amount of prospecting and diamond drilling. A total of 48 tonnes of ore was shipped from the Evening Star mine with average grades of 5.3% copper and 18.8 grams of silver per tonne. No further work is documented on the Galaxy property until 1956 when it was acquired by Galaxy Minerals Ltd.

Following is a table showing the work carried out on the Galaxy property from 1956 through to 2000.

Year	Company	Work Program
1956-64	Galaxy Minerals Ltd	Rehabilitated the Evening Star shaft. Carried out underground sampling, trenching, road work, Induced polarization survey and diamond drilling (38 holes totalling 5,225 metres) at the Galaxy zone. Changed name to Galaxy Copper Ltd.
1965-66	Vanco Explorations	Geophysical and geochemical surveys, diamond drilling on the Galaxy zone (24 holes totalling 2,418 metres).
1968-71	United Bata Resources Ltd./Kimberly Copper Mines Ltd.	Rehabilitated Evening Star shaft and completed a total of 122 metres of underground drifting from the shaft at the 80 foot level. 16 surface diamond drill holes totalling 1,562 metres were drilled at the Galaxy zone. Estimated resource of approximately 3.6 million tons of proven and 1.8 million tons of indicated with an average grade of 0.58% copper.
1971	Nor-West Kim Resources Ltd. (formerly Kimberly Copper Mines Ltd.)	Surveyed and mapped the underground workings on the Evening Star claim. Extended the northwest drift from shaft at the 80 foot level to a point 365 metres northwest; put a 30 metre ventilation raise to surface. Collected two bulk samples. Carried out 1,333 metres of surface drilling and 327 metres of underground diamond drilling on the Evening Star claim.
1973	Teck Corporation Ltd.	Completed an induced polarization survey on the Makaoo property, which included the Galaxy property. Defined possible northwest trending chargeability anomaly east of the Galaxy zone.
1976-77	Canadian Superior Exploration	Carried out geological mapping, topographic and ground magnetometer surveys. Drilled 8 percussion holes totalling 731 metres.
1985-87	Abermin Corporation	Reported a resource of approximately 2.27 million tonnes grading 0.6% copper and 0.51 grams of gold per tonne for the Galaxy zone. Drilled 7 percussion drill holes totalling 367 metres, four of which were on the Galaxy property, and tested the Galaxy zone.
1990	Getchell Resource Corp.	Completed percussion drilling at the Galaxy zone to verify earlier drill results and evaluate the gold potential of the zone. 7 holes totalling 649 metres were drilled and a historical resource of 3.2 million tonnes grading 0.65% copper and 0.34 grams of gold per tonne was estimated for the Galaxy zone.
1995-96	Getchell Resource Corp./Afton Mining Limited	Under contract to Afton Mining, Teck Explorations completed delineation drilling on the Galaxy zone consisting of 33 diamond drill holes totalling 4,087 metres. A resource for the Galaxy zone was estimated of 1.7 million tonnes grading 0.39% copper and 0.13 grams of gold per tonne with a high-grade of 862,000 tonnes grading 0.65% copper and 0.22 grams of gold per tonne, significantly lower than earlier estimates.
2000	Getchell Resource Corp.	Getchell Resource Corp. was renamed Discovery-Corp Enterprises Inc. No further work was carried out on the Galaxy property until 2006.

Between 1972 and 1999, approximately $500,000 was spent of previous exploration of the Galaxy property.

Company Exploration

Discovery-Corp acquired the Galaxy property in 1990, when the Company was known as Getchell Resources Corp., and carried out considerable work on the Galaxy zone (see above Previous Exploration).

In June 2006, the Company carried out a drill program and sampling on the Galaxy property. A total of 3 NQ diamond holes were drilled totalling 286.2 metres at the Galaxy zone. Results are summarized below:

Drill hole	From (m)	To (m)	Interval (m)	Cu (%)	Au (g/t)
GX06-1 Including	23.47 24.08	35.94 26.12	12.47 2.04	0.72 2.77	0.46 1.47
GX06-2	35.35	41.43	6.08	0.83	0.23
GX06-3	78.02	84.10	6.08	0.49	0.17

Several hundred metres further northwest, within a large area of essentially no rock exposure, an area of altered diorite with malachite staining was discovered in subcrop. Samples from this area were only weakly elevated in gold and copper, however sampling was limited due to a lack of rock exposure.

Several hundred metres southeast of the Galaxy zone a northeast trending zone of copper mineralization appears to be intermittently exposed over a strike length of approximately 85 metres and is open on strike in both directions. A representative collection of chips from the dump of an old pit testing the mineralized zone returned values of 5,213 parts per million copper and 105 parts per billion gold. Three continuous chip samples across the zone returned an average grade of 2,904 parts per million copper and 127 parts per billion gold over 24 metres.

In November 2006, Discovery-Corp commenced a Phase One exploration program on the Galaxy property. Nineteen rock samples were collected. Elevated copper values were returned from several samples, with a select grab sample from one old trench assaying 6,574 parts per million copper and 2.22 grams of gold per tonne. Results are as follows:

Sample	Length (m)	Au (ppb or g/t)	Ag (ppm)	Cu (ppm)
3251	Grab	15	<0.2	26
3252	10.0	10	<0.2	21
3253	Grab	45	0.3	1,336
3254	Grab	15	<0.2	64
3255	8.0	80	<0.2	788
3256	Grab	2.22 g/t	4.9	6,574
3257	10.0	65	<0.2	709
3258	10.0	20	<0.2	684
3259	10.0	10	<0.2	1,006
3260	10.0	5	<0.2	325
3261	Grab	55	<0.2	891
3262	0.75	45	<0.2	535
3263	Grab	170	0.6	315
3264	9.0	155	0.6	2,999
3265	10.0	35	<0.2	820
3266	Grab	105	1.7	5,213
3267	8.0	180	0.8	3,968
3268	8.0	125	0.4	2,478
3269	8.0	75	0.2	2,266

To date, Discovery-Corp, including its former joint venture partner Teck Cominco, has expended approximately $400,000 on exploration of the Galaxy property.

Reserves and Resources

Several historical resource estimates have been prepared for the Galaxy zone, although none conform to NI 43-101 standards. Most recently a 1996 estimate of 1.7 million tonnes grading 0.39% copper and 0.13 grams of gold per tonne with a high-grade of 862,000 tonnes grading 0.65% copper and 0.22 grams of gold per tonne was estimated for the Galaxy zone.

Discovery-Corp believes the resource potential of the Galaxy property is significant and intends to conduct further exploration to establish a NI 43-101 compliant resource estimate.