I was talking to Primed earlier tonight and he said I should take a look at the Knight Inlet Property. He glanced at it the other day on the SLI website and was impressed somewhat with the available info. Since I just had my first glance also, I beleive it is very worthy of mention.

It is a property we aquired last year or so by just staking it. It will become part of our Havillah shares when the spin out occurs. I see we have done some preliminary sampling on it and will paste a couple excerpts here.I beleive these samples are impressive;

The property covers 4,877 acres (48.77 km2) and is prospective for epithermal vein hosted Au-Ag mineralization and Cu-Mo porphyry mineralization. The property covers at least 5 zones of mineralization (Grizzly Creek, Grizzly North, Waterfall, Glacier and Valley). Polymetallic mineralization was first noted, in the area now covered by the Knight Inlet Property, by the British Columbia Geological Survey in 1988 during a stream sediment sampling program. The results were released as British Columbia Regional Geochemical Survey (RGS) 22 in June, 1989. Follow up stream sediment sampling by Placer Dome verified the BCGS assays. During the follow up stream sediment sampling by Placer Dome mineralized float was discovered in a creek draining into the Apple River near the sampling site of RGS sample. Results from the follow up stream sediment sampling and the mineralized float led to the staking of the Apple Property by Placer Dome. Placer Dome spent two field seasons on the Apple Property and collected 140 rocks. Samples returned Au, Ag, Mo and Cu assays up to 14 ppm, 340 ppm, 0.92% and 2.8%, respectively. Epithermal vein hosted Au-Ag mineralization and Cu-Mo porphyry mineralization was identified on the property and four zones (Grizzle Creek, Waterfall, Glacier and Valley) of were outlined by Placer Dome. Placer Dome allowed their claims to lapse. In 1996, Tiberon Minerals acquired the ground covering the Grizzly Creek Zone and carried out a verification program that returned Au, Ag, Mo and Cu assays up to 36.4 ppm, 360.5 ppm, 0.0212% and 1.97%, respectively. Tiberon Minerals allowed their claims to lapse.

The 2010 exploration program carried out by St. Elias Mines consisted of a geological review of Loughborough Exploration District, a GIS compilation of all historic technical data within and adjoining the Knight Inlet Property and a preliminary verification rock geochemical sampling and till sampling program. The results of the 2010 exploration program successfully verified the known mineral showing referred to as the “Grizzly Creek” showing and identified a new mineralized showing referred to as the “Grizzly North” zone. Values up to 7058 ppb Au, 898.1 ppm Ag and 0.24% Mo were observed on the property. Re and Te, not analyzed for in previous exploration programs, returned values up to 1450 ppb and 518.9 ppm, respectively, were also recorded on the property.

It mentions the occurance of Re (rhenium) and Te (tellurium), here are links to what these metals are used for and note the value of rhenium at the bottom of that link.

http://en.wikipedia.org/wiki/Rhenium

http://en.wikipedia.org/wiki/Tellurium

Formulas needed to properly understand the excerpt above.

1 pm= 1 g/t

1000pb= 1g/t

Close attention should also be taken when looking at the Moly grade.

SLI does an amazing job at finding great properties. Lori is never ending in increasing the value in this company, the work done on this property last year adds to it.