LEAMINGTON PROJECT

LEAMINGTON PROJECT

INTRODUCTION

The largest of the three Western Exploit District projects at 62,300 hectare project located in the north-east corner of the District.

Location– A few smaller communities are situated on the project such as Leading Tickles to the north, Point Bay to the west and the largest, Point Leamington located in the central area.

Claim– Covers 16 mineral licences for a total of 2492 claims, or 62,300 hectares or 632 square km.Access –Highway 350 runs through the central part of the project and highway 352 runs along the western side. The are a large number of forestry roads in the area, providing easy access to 15 out of the 16 licenses.

Highlights – The main highlight is that the property is straddling 38 Km of the Red Indian Line suture zone and that it also has around 200 km of magnetic high lineaments which are untested gabbro’s.

GABBRO’S ARE MAGNETIC & EASILY FOUND

T1: Red Indian Line – Structural corridor with gabbro’s

T2: Gabbro’s with gold showings – Ready for soil Grid work

T3: Gold, Arsenic in Tills – Needs Mag and Grid

T4: NE Faults anomalous in Gold Tills – Mag Done – Ready for Grid

T5: Prospective Gabbro’s – Mag done – Ready for small linear Grid

T6: SW Complex (Gabbro’s ) conglomerate contact

GOLD TARGETS:

The northern boundary straddles 20 km of the Red Indian Line (RIL) suture zone; the main deep seated structural contact between the Laurentia and Ganderia Terrain boundaries.

• Previous gold exploration (1987 & 2004) along the RIL structure 25 km to the ENE uncovered over (30+) gold occurrences stretching along 22 km of the RIL; either on the RIL or within 6 km of the structure. The project is flanked to the east (30 km) by the Northern Arm Fault, which is the same fault system the Valentine’s Lake deposit (3.9 M/oz) straddles.
• The project has seen very limited gold exploration. In 2004 a small exploration program (4-5 days) along the eastern area uncovered 2 new gold showings with grab samples running 2 to 5 g/t Au associated with the gabbro’s.
• The project has about 50-60 km of Gabbro’s, with 90% never investigated. The same gabbro units 4-8 km to the east of the Property have over 20 known gold occurrences.
• The NFLD Government regional till survey indicates anomalous gold and arsenic samples which have seen very little gold exploration. The area was historically explored for copper.
• The project encompasses 3 major geological units;
  • To the West, mid to early ordovician mafic marine volcanics of the Wild Bight group, which is composed of mixture of wackes, basalts, and sandstone turbidites.
  • To the North to NNW, a 4 km wide trending zone composed of shales and mafic intrusives of gabbro’s, diorite, and tonalite.
  • The East side, the project is mainly composed of turbidites, wackes and conglomerates, plus a number of prospective mafic gabbro’s, dikes and sills throughout.

This is a unique opportunity as most of the claim block has never been explored for gold.