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 ACTIVE PROPERTIES

O'Brien

Ownership
Previous Work
Geological Environment
Work performed by RDS
Actual Resources

Kewagama

Dryden

WORK PERFORMED BY RDS

Between 1994 and 1998, the work carried out by Radisson Mining Resources Inc. on Zone 36 E resulted in the delimitation of a gold-bearing resource of 678,100 metric tons (Roscoe Postle Associates, 1998) at a grade of 7.1 g/t with a cut-off at 68 g/t, (9.5 g/t uncut). This zone is located between sections 32+00 E and 44+00 E (350 m laterally), from the surface to 460 metres of vertical depth. Zone 36 E contains close to 156,000 ounces of gold (208,000 uncut). It should be noted that this resource was not calculated according to standard 43-101.

According to Charlton (1995), at the O’Brien Mine, resources of all categories totalled 540,700 metric tons at a grade of 5.8 g/t of gold for a gold content of 103,500 ounces. These resources are located mainly between 600 and 1000 metres of depth. It should be noted that these resources were calculated before the implementation of standard 43-101.

The work that Radisson carried out in 2004 and 2005 verified the lateral and depth extensions of Zone 36 E. During the 2004 diamond drilling program, the zone was followed to a vertical depth of 1350 m. Drill hole KW04-01A yielded many anomalous gold values, the most interesting being a grade of 13.7 g/t over a length of 0.3m. Therefore, Zone 36 E continues well beyond the existing infrastructures (level - 600 m).

Towards the east, on the Kewagama ground the 2005 drilling work traced Zone 36 E laterally up to the Kewagama shaft. This allowed the lateral extensions of Zone 36 E to be increased from 350 m to close to 850 m. The actual drilling density does not allow resources in this sector to be calculated. However, it greatly increases the potential for finding additional resources laterally.

 

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