The Birch Mountain Lands are comprised of nine leases, leases 03, 469, 471, 513, 514, 611, 614, 615 and 915, and are 100% owned by SilverWillow. The Birch Mountain Lands comprise 94,080 acres and are immediately west of Teck’s Frontier oil sands mining project.
Since 2008, and prior to the formation of SilverWillow, no additional exploration activity was carried out on the Birch Mountain Lands. SilverWillow reinitiated exploration on the Birch Mountain Lands in 2012. In the second quarter of 2012, the Corporation completed a desktop geological study of the Birch Mountain Lands in order to identify locations for a 2D seismic program. Planning for the seismic program was completed in late 2012 and field work commenced in January 2013.
SilverWillow collected 78 kilometres of 2D seismic in the first quarter of 2013, from which promising drill targets have been identified. Further interpretation work undertaken to assess the character of the geological structures was completed in the fourth quarter of 2013. The results identified 13 prospective sections and will be used to define a future exploration drilling program. Stakeholder consultation for a 65 core hole exploration program was conducted through the spring and summer of 2013. Surface access applications were made to the Alberta Government to conduct the exploration program. The Birch Mountain Lands are at an early stage of evaluation and at this time, no resource estimates have been attributed to this property.