Golden Valley
Golden Valley is a joint venture located in the northern portion of the Ring of Fire and operated by
White Pine Resources Ltd. (“White Pine”). The initial drill program to assess geophysical targets north
of Oval Lake commenced during fiscal 2009. The large property surrounds a copper‐zinc discovery by
Metalex Ventures Ltd.; a total of fourteen holes were completed at the joint venture in the fiscal 2009
year yielding two copper‐zinc anomalies. As per the terms of the option agreement, White Pine
Resources and Noront are earning a 33.3% interest each in the property from Golden Valley Minerals
Ltd.
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The operator completed an Airborne EM survey (ZTEM) to detect deeper anomalies around the known
mineralization and completed 1,600 metres of drilling in December 2009.