McBride Drilling

For complete information concerning the McBride River Property please click here to review in detail the November 2005 McBride River Geophysical Report prepared by Laurence Stephenson, P.Eng. and updated in April 2007.

Specific exploration to date has been reported on the McBride Property including geological mapping, geophysics and hand trenching and reviewed for the Report but no drilling was reported or observed. The exploration program of the Company represents the first detailed exploration on the McBride Property since the early 1990’s.

Sampling and Analysis and Security of Samples
All the exploration in the region, to date, and reviewed for this report appears to have been conducted according to generally accepted exploration procedures. The author of the Report personally knows Mr. Ikona and Mr. Rayner and in discussions with them was able to confirm that all methods and preparation used in the prior exploration are consistent with generally accepted exploration procedures.

Sampling procedures for the soil geochem detailed above and observed by the author of the Report and were, in the opinion of the author, consistent with generally accepted exploration procedures.

To the authors knowledge no personnel from the Company were involved in any aspect of the sampling or data collection or processing.

No definitive procedures of quality control were employed and no opinion on their lack can be expressed.

Mineral Resources and Mineral Reserves
There are no known mineral reserves or resources on the Property.

Exploration and Development
An exploration program, which will be methodical in nature, will be required to ascertain the various rock units and the geological relationship between the geophysics and geochemistry of the McBride Property. It will consist of detailed geological prospecting and mapping, additional reconnaissance and detailed soil geochemical and geophysical surveys, including detailed induced polarization and continuation of the magnetic survey to the south and west. This work is recommended prior to drill testing of anomalous zones already defined to characterize and determine the correct orientation and drilling angle.

Specifically, the grid should be extended to the south to cover the area of the "B" vein (magnetics and soil anomalies); and to define the large magnetic feature on the southwestern part of the original grid to cover the areas of new gold geochem anomalies (Anomalies AU "V" & AU "VI") to the southwest. Two 200- metre drill holes are proposed in this area to obtain geologic data across the indicated source of the anomaly. Drill locations should be located upon completion of the above recommended program.

A detailed investigation of the base metal and associated gold and magnetics zone in the central portion of the McBride Property (Anomalies AU "III"; BM "C"; & BM Mag N & S) and the other gold zones noted by geologists. Completion of the soil geochem survey is recommended. A detailed induced polarization survey over the whole grid area should be conducted which would focus on defining specific zones for drilling especially as related to the base metal gold soil geochem associated with magnetics areas and the new gold geochem area to the west.

Drill testing of the main Discovery Vein (Anomaly AU "II") and the "B" Vein (Anomaly AU "I" & BM "B") is recommended to further their evaluation and the understanding of the McBride Property's potential. Four 100 metre drill holes are proposed to test the Discovery Vein's depth characteristic (two at Line 52+00N; 59+00E at -45° azimuth 305° and Line 51+75N; 59+00E at -45° azimuth 305°) and the potential strike extent defined by the soil anomaly (Line 57+00N; 60+50E at -45° azimuth 315° and Line 58+00N; 60+00E at -45° azimuth 315°). For the latter, two 100-metre drill holes are proposed to test the "B" Vein's depth characteristic and the extension of the base metal soil anomaly (BM "B") (at Line 49+00N; 69+00E at -45° azimuth 300°) and the potential strike extent defined by the gold (AU "I") and base metal (BM "B") soil anomaly (Line 52+50N; 66+50E at -45° azimuth 0°).

Drilling is recommended to continue on the other anomalies on the McBride Property to further their evaluations once the targets are refined from the recommended defining work. All the work in Phase I is required, but follow-up is contingent on the results obtained during Phase I.

More information concerning the McBride property can be found elsewhere on this site or by reviewing the documents on file with SEDAR [System for Electronic Document Analysis and Retrieval]