Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Very encouraging results again!

Here is a review of predictions compared to results:

Hole 174:

Hole_Name BD2011-174
Easting 405778.538
Northing 5156474.95
Elevation 406.223
Azimuth 135
Dip -76
Length 531

The collar location was to the east of 171 and parallel to it. Collar is still within T1 and going towards T2. This again is infill drilling and I would expect good results.

BD2011-174   23   25         2    2.24
BD2011-174  106  107         1    2.97
BD2011-174  221  253        32    2.01
BD2011-174  266  267         1    2.33
BD2011-174  406  431        25    3.08

Nothing to be dissapointed here with!  Grades better with depth.

Hole 175:

Hole_Name BD2011-175
Easting 405850.588
Northing 5156472.366
Elevation 407.413
Azimuth 135
Dip -71
Length 549

Collar location is above T2, east of T1 going into T2. This again is a fairly long hole that should hit T2 fairly well but would extend T2 to the South East and at depth if they hit in the deeper section of the hole. For the first 200m or so, this is infill drilling so expect good numbers in the top half of the hole.

BD2011-175  158  203        45    1.20
Including   168  174         6    1.64
Including   176  183         7    2.00
Including   187  193         6    1.29
Including   196  203         7    2.59
We hit well in the first 200m as I predicted but no bonus at depth here;(  
Grade improves with depth.

Hole 176:

Hole_Name BD2011-176
Easting 405886.509
Northing 5156530.595
Elevation 408.847
Azimuth 135
Dip -81
Length 588

Collar location is further east of 175, over T2, long and steep. Again infill drilling of T2, I expect decent numbers here.

BD2011-176  257  284        27    1.69
Including   257  258         1    5.81
Including   274  275         1   35.60
Nothing dissapointing here again.  Notice the better grades again at depth!

Hole 177:

Hole_Name BD2011-177
Easting 405724.741
Northing 5156473.685
Elevation 407.18
Azimuth 135
Dip -55
Length 252

Collar location was at the top of T1. This is a fairly shallow hole with moderate dip important for the resource estimate and infill drilling again. I expect good results here.

BD2011-177   52   59         7    1.68
Including    52   56         4    2.16
BD2011-177  150  171        21    0.72
Including   160  162         2    2.94
This holes was a little dissapointing since it was on the top of T1 but still not a bad hole.
SGS putting all these results in a 3D model is what will be important here.  Without 
seeing what this looks like in 3D, it is hard to know what this ore body does under-
ground.  One thing for sure, we keep getting economical grades over very good widths
and that bodes well for our 43-101 RE.
Glorieux
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