The 955-hectare property is located in Quesnel Terrane and the exploration target is an Alkalic copper-gold porphyry deposit.
The property is about 20 kms east of Lac La Hache in the Cariboo region of south central British Columbia, Canada.
The property area is within a portion of the Quesnel Trough, an Upper Triassic to Jurassic volcanic arc sequence.
The geology, alteration and mineralization on the Summer property suggest that it is underlain by a porphyry related copper/gold system with potential to develop a porphyry copper/gold or skarn deposit.
Under the first part of the option agreement, Greenwood Gold is required to complete a $350,000 exploration program and pay $150,000 cash to the company in order to earn the 40% interest within six month of the option date.
