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HIGHWAY 101 PROPERTY GEOLOGICAL SETTINGExploration work on the Highway 101 project, located approximately 20 kilometers east of Matheson, Ontario, began in the spring of 2006. Line cutting and a magnetometer survey were completed over the northern claim block. Diamond drilling of the identified targets was carried out in August 2006. A total of 1,053 meters of diamond drilling was completed. A highlight of 0.49 grams per tonne gold over a 6-meter core length was obtained in drill hole RM-02-06. A final payment of $20,000 was made in January 2008 to complete the acquisition. On September 2, 2009, the Company entered into an earn in option agreement with Vendome Capital II Corp. (the ``Optionee`) whereby the Optionee may earn a 51% interest in the Highway 101 Property upon the payment of a total of $25,000 and the issuance of 600,000 shares to the Company within one year of signing the agreement and spending a minimum of $250,000 on exploration of the property within two years of receipt of regulatory approval of the transaction.
Download Highway 101 Engineer Report - PDF |
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