Exploration Targets

Phase II of the 2008 exploration program provided approximately 4000 metres of diamond drilling at several strong outlying anomalies. These areas included the North Zone, the Grizzly Trend, and the Y-Lake Trend.

VTEM Geophysical Targets

North Zone
The first target is a strong northeast-trending anomaly detected using airborne electromagnetic, VTEM survey data. This target, referred to as the North Zone, is approximately 3.0 kilometres in length and is located 1.5 kilometres north of the Main West Zone. The gossan, which on surface is laterally persistent, and ranges in width from 30 centimetres to greater than 2 metres, appears to follow a plane between well defined layered units of the FLIC. The zone also shows signs of local displacement and strong boudinage. During 2008, 6 holes were cored in the North Zone totaling 2,164 metres. All six of these holes had similar lithologies to those of the West Zone differing only in a slight increase in alteration and metamorphism. It was noted in the top of the holes to be more re-melted with stronger shearing and an increase in the pink/brown garnet clusters. The sulphide mineralization in these holes consists of varying amounts of pyrite and phyrrotite, with trace amounts of chalcopyrite. The higher concentrations of these sulphides occur as semi-massive and disseminated sulphides at the top of the holes with lesser amounts of finely disseminated pyrite continuing at depth.

Y Lake Trend
The second target area, the “Y” Lake trend, is located approximately 20 kilometres south of the West Zone and consists of a series of strong northeast-trending VTEM anomalies with a strike length of more than 15 kilometres. Similar to the North Zone, these anomalies appear on the surface as laterally persistent gossans. Individual VTEM anomalies are commonly comprised of multiple parallel gossans each of which can be several metres in width and consist of sub-massive and disseminated sulphides. Rock chip sampling along this trend returned copper values up to 5200 ppm, nickel values up to 800 ppm, and cobalt values up to 1000 ppm. The 2008 drilling on the “Y” Lake-East Zone consisted of 3 holes totaling 1,247 metres. Although similar in lithology and style of mineralization to the North Zone, the Y Lake mineralization contains weakly anomalous arsenic, silver and tellurium.

Grizzly Trend
The third target area, termed Grizzly or “The Bear” is again a northeast-trending VTEM anomaly approximately 2.5 kilometres in strike length and is located 9 kilometres to the south of the Main West Zone. Several ‘grab-samples’ during previous field seasons contain anomalous values of Cu (<3200 ppm), Ag (<4.4ppm), Pb (<2500 ppm) and Zn (<1600 ppm). Geochemically anomalous metals have also been noted in soil samples that were previously collected across the zone. Due to inclement weather, only one hole totaling 449 metres was completed on the Grizzly trend during the 2008 season. This hole again is akin to the other two zones in that mineralization (po/py) is concentrated in the upper portion of the hole along with patchy, trace amounts of chalcopyrite. Only a few patchy blebs of finely disseminated pyrite were noted in the lower portion of the hole that terminated in a banded mixed zone of gneiss, pegmatite +/- gabbro/amphibolite fingers.