Bondy Gneiss Complex
Halle Township
Highway 101 Property Geological Setting
Key Exploration Focus
Grenville Project
Lac Colombet Property
 
Subscribe Now
SEARCH | DISCLAIMER | SNAPADMIN | BOOKMARK SITE

HIGHWAY 101 PROPERTY GEOLOGICAL SETTING

Location Map

Exploration 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