LONG RANGE GOLD JV

Long Range Project

The Long Range project is located 50 km west of Marathon’s Valentine gold project and is comprised of claims owned 100% by Buchans as well as claims held 51.5% in Joint Venture with Benton Resources Inc. (BEX-TSX.V). To date exploration has yielded some interesting gold discoveries including our Goldquest orogenic gold prospect.

Goldquest includes numerous mineralized gold-bearing quartz veins in bedrock that assay up to 8.5 g/t Au & 31 g/t Ag and preliminary drilling returned intercepts of up to 5.5 g/t Au, 5 g/t Ag over 0.30 m. Furthermore, high-grade float located 700 m to the south assayed up to 123.8 g/t Au and 414 g/t Ag. While these boulders remain unsourced, their source is thought to be nearby and may yet to be discovered by future geochemical surveys.

Additional ground has been staked that covering several gold in bedrock occurrences including the Silver Pond, Abbotts Pond, and Little Barachois Brook occurrences that are each held 100% by Buchans.