Icy Lake-Fae-Slam

  • 2011 Exploration Program-- Drilling and mapping/sampling
  • Located in NW BC, 125 kms west of Dease Lake
  • Icy Lake (Bing Porphyry):
    • Porphyry system with potassic and quartz-sericite-pyrite alteration zones and related skarns and epithermal veins over 2 x 3 km area
    • Historic drilling (Newmont, 1965) on edges of porphyry system intersected 45 m @ 0.5% Cu, 0.04% Mo and 150 m @ 0.2% Cu, 0.04% Mo
    • Skarn rock samples average 2.0% Cu, 400 ppm Mo
    • Epithermal vein samples assay 1.0 - 37.0 g/t Au and 4.0 - 125.0 g/t Ag
    • The Company plans to commence drilling on the Icy Lake porphyry in spring 2011
  • Fae:
    • 1 km diameter quartz monzonite porphyry
    • Porphyry assays anomalous to 1.7% Cu, 0.63 g/t Au and 533 ppm Mo,
    • Veins assay 17.8 g/t Au, 121 g/t Ag and 1.2% Cu
    • The Company plans to commence drilling at Fae in spring 2011
  • Slam:
    • Silicified limestone and limestone breccias over a 200 x 400 m area assay anomolous to 3.8 g/t Au
    • Mineralization style similar to Wheaton River's Golden Bear deposit (produced 484,000 ounces Au 1989-2001 at an average grade of 6.9 g/t)
    • Slam will be drilled in spring 2011 after Phase 1 drilling at Icy Lake and Fae is completed
  • The three projects together provide simplicity and cost-savings in exploration logistics by their proximity, being only 10-12 km apart