The 100% owned Ample-Goldmax Property comprises 27 claims covering 5,887 hectares located approximately 8kms west of Lillooet, British Columbia. In May 2007, Supreme signed an Option Agreement securing an option on the 27 claims that comprise the Ample-Goldmax Property. Twenty-three claims are jointly-owned by Dave Javorsky and Gary Polischuk and 4 claims are 100% owned by Dave Javorsky. Under the terms of the Agreement, in consideration for 100% of the Owners right, title and interest in the Property, the Company shall make total payments of $10,000 and 500,000 shares to the Owners over a two-year period as follows:
- $10,000 upon Regulatory Approval of this agreement;
- 300,000 shares upon Regulatory Approval of this agreement;
- 100,000 shares on or before April 15, 2008; and,
- 100,000 shares on or before April 15, 2009.
The 300,000 shares were issued at $0.08 per share; the remaining 200,000 shares will be issued in tranches of 100,000 each at one-year intervals commencing April 15, 2008. Under the terms of the Agreement, the Owners will retain a NSR royalty of 2%, 1% of which may be purchased by the Company for $1.0 million. Completion by Supreme of the cash and share payments shall result in the Company having earned an undivided 100% interest in and to the Property. Supreme will complete exploratory work toward mining, and other usual conditions of such agreements.
The Ample-Goldmax Property straddles Duffey Lake Road (BC Highway 99), along Cayoosh Creek in a V-shaped canyon from 5kms to 15kms west-southwest of the town of Lillooet. Cayoosh Creek follows Duffey Lake Road east from Duffey Lake to just outside of Lillooet, where it joins the valley of Seton River below Seton Lake, where both streams are guided (Cayoosh Creek is used to generate power) in parallel courses to emerge on either side of the same delta into the Fraser River.
Topography of the area is dominated by the Cayoosh Creek canyon, a steep sided valley which trends easterly through the southern portion of the property, with relief achieving almost 1,000m over 1km at the cliff in the area of the old Golden Cache property. On the property itself, the relief is extreme with elevations varying from about 200m above sea level at Seton Lake at the north edge of the claim block to about 1,850m at the summit of an unnamed ridge near the western claim boundary. Because of its extreme slopes, the area is vulnerable to rock fall and boulder landslides.
The main vegetation along the hillsides of Cayoosh Creek consists of a sparse Douglas Fir forest, with grasses, wild roses, and ocean spray. Weeds are common in disturbed areas and small junipers are also seen up the canyon. The climate in the area is semi-arid with variable seasonal temperatures. Temperatures in Lillooet generally vary from a daily minimum of -6.6șC in January to a daily maximum of 28.3șC in July. Annual precipitation varies from 30cm to 35cm, with snow falling between November and April. Water for the Property must be pumped from Cayoosh Creek, which is fed by glaciers and therefore a constant source.
