From 1 of SGX,s last kerr,s NR , sounds hopeful and promising, but you never know

High grade gold-quartz glacial boulders, recovered down ice from Bell Lake south of Kerrs

property, have been assayed for gold / silver and analysed for multi-element ICP. Results

show background levels of arsenic, copper, chrome and boron with enrichment of lead,

consistent with typical analyses returned from the green carbonate breccia mineralization

encountered in the Kerrs Gold system. High grade visible gold in this boulder sample

assayed 91.5.g/t gold and 23g/t silver. The gold/silver ratio is also similar to the higher

grades observed in K-06-01. There is compelling evidence that the “East Ford Lake Gold

boulders” were glacially eroded from subcroppings of the “Kerrs Gold System”, possibly

below and on strike of Bell Lake.

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The Kerrs Gold System has been defined by 14 drill holes arrayed in a 200m x 200m pattern

piercing a shallow dipping synclinal fold structure. The results of drill holes K-06-08, 10, 11,

12, 13, 14, and 16 indicate that the green carbonate quartz breccia zone and mafic

replacement zones can be traced for over 1,200 metres. The down-dip dimension of the fold

structure has been traced to depth along a curvilinear inclined plane from 150m to 750m. The

system is open to depth from surface and along strike to the northeast.

On the basis of stratigraphic and structural controls, alteration strain and intensity

observations, geological continuity has been established and the integral objective of the next

drill program will be definition drilling to delineate a deposit. A preliminary study is

currently underway involving deposit modelling and gold trace element pathfinder analysis

to assist the drill hole layout and planning process.

Nigel Lees, President, commented “We are most encouraged by the continued success of our

drilling programs and the addition of further strike length to the Kerrs Gold system. It is

also apparent that the Kerrs Gold System may represent the source of the East Ford Lake

gold boulders.”