The Big Onion Project is located 16 kilometres east of the town of Smithers, British Columbia, Canada and is accessed by the Babine and Old Babine Lake Roads. The property consists of 9 contiguous mineral claims comprising a total area of 3,206 hectares.
The Town of Smithers, with a regional population of approximately 15,000, is a major centre for resource industries operating in northwest British Columbia. It is located approximately 400 kilometres from deep water ocean ports in Prince Rupert, Kitimat and Stewart, has an airport with daily service to Vancouver, and has access to the CN rail-line. Several exploration companies and diamond drill contractors have offices in Smithers. Smithers has readily available, skilled mine and construction labour as well as connections to electric power and natural gas. In 2009, Metal Mountain acquired the Big Onion Project with the intent to continue the exploration initiated by Eagle Peak Resources Inc. and advance the property into the development stage.
Big Onion 43-101 Technical Report
Gary Giroux, P.Eng., of Giroux Consultants Ltd., was retained by the Company to prepare a National Instrument 43-101 independent technical report on the Big Onion Project. Certain information contained in this document of a scientific or technical nature with respect to the Big Onion Project is based upon information in the technical report entitled “Technical Report on the Big Onion Copper Molybdenum Project, Omineca Mining Division, British Columbia, Canada” dated May 31, 2009, as amended April 7, 2010 (the “Big Onion 43-101 Report”). Mr. Giroux is a “Qualified Person” (as such term is defined in National Instrument 43- 101). Mr. Giroux is independent of the Company. Historical Exploration
Copper occurrences were originally discovered on the property in the early 1900s. Between 1964 and 1998 various operators conducted diamond and percussion drilling, totaling over 134 holes (19,487 metres), on the property.
After acquiring the property, Eagle Peak Resources Inc. drilled a total of 84 holes (21,523 metres) to explore the depth and extent of the mineralized zones, conducted preliminary metallurgical test work, completed magnetic and induced polarization geophysical surveys, and calculated two resource estimates.