- Desrosiers Property.
In November 2008 the Company acquired all of the issued and outstanding securities of 1691063 Ontario Ltd. 1691063 Ontario Ltd. owns a 100% interest in 42 claim units located in Desrosiers Township, Ontario. The Desrosiers Property is approximately 150 km southwest of the City of Timmins and contains 6 staked mining claims. The Property hosts quartz – feldspar pegmatites and pegmatitic veins that contain molybdenite concentrations of potential economic value along with elevated concentrations of bismuth and silver. Previous work has reported a total of 33 showings or occurrences, four (4) of which have been the subject of systematic work including trenching, stripping and drilling.
Molybdenum grades in the pegmatites are very irregular, with reported sample results ranging from 0.03% to 10.64% Mo across true widths from 2 cm to 2 meters. The primary objective of the work programs proposed is confirmation and expansion of these potential targets and delineation of new potential. In addition to the Molybdenum prospects, anomalous silver concentrations, with documented values in the range of 14.7 grams per tonne to 114.4 grams per tonne are present in the molybdenite bearing zones. Bismuth has also been considered as a byproduct by some previous workers. Published regional geochemical data also indicate the presence of anomalous lithium, cesium, beryllium and tantalum concentrations and suggest by association that some pegmatite bodies in the are more complex zoning and development of rare metal pegmatites. As the property has just been acquired, exploration is not yet underway.
- Keefe Cooke Property:
Also in November 2008, the Company acquired two patented land claims abutted the Langmuir Property to the west. These claims likewise have potential for hosting commercial grades of nickel, but no exploration has yet commenced at the time of this document.
