December 1st, 2006 – The Corporation and its 50 / 50 joint-venture partner, Mainstream Minerals Corporation, announced the discovery of new gold-bearing veins at the Bobjo Mine, Earngey Township, Red Lake District, Ontario and also announced that the companies jointly acquired by staking an additional 17 unpatented claim units. Earlier on, a road was built to the property and this allowed the partners to immediately complete a ground-stripping program using a bulldozer and a backhoe around the old shaft right to the bedrock. A surface sampling program was initiated to test these new veins and the initial results from Accurassay Laboratories in Thunder Bay, Ontario returned some high and significant gold values on the veins sampled to date.
High and significant surface values included: 49.54 g/t, 11.36 g/t, 10.80 g/t, 9.59 g/t, 8.05 g/t, 7.05 g/t, 6.49 g/t, 5.76 g/t, 4.74 g/t, 4.26 g/t, 4.20 g/t, 3.36 g/t, 2.51 g/t, 2.10 g/t, 1.83 g/t, 1.67 g/t, 1.57 g/t, 1.49 g/t, 1.41 g/t, 1.36 g/t, 1.26 g/t, etc.
As a result of the ground-stripping and surface sampling programs, the partners were able to announce that many new quartz veins, shears and stringers were exposed and that these were gold bearing. Of the many new dozens of criss-crossing gold bearing entities only a dozen or so have been sampled to date. Most of the flat lying veins could not be sampled properly so a channel sampling program will be carried out in the near future. Only approximately 80 acres have been stripped to date. However, the partners intend to strip additional acres in 2007.
September 12th, 2006 – The Corporation entered into an earn-in joint-venture agreement with Mainstream Minerals Corporation whereby the Corporation would earn its 50 % interest in the past producing Bobjo Mine in the Earngey Township, Red Lake District, ON by expending $125,000 in exploration and development. Mainstream Minerals Corporation at the time was a private exploration and development company. The joint-venture agreement provided that Mainstream Minerals Corporation would be the Operator on the project.
At that time, the Bobjo Mine property was comprised of a total of 9 patented claims which hosted a past producer in 1927 to 1929. During those years, a two-compartment shaft was sunk to 270 feet with two levels. The property is also adjacent to the past producing South Bay Mine and Uchi Gold Mine, the latter of which once produced 100,000 ounces of gold. Mineralization at the Bobjo Mine consists of quartz veins and stringers situated along a large flexure in a north-trending quartz-feldspar porphyry dike which includes metavolcanic flows. The dike is wide and intensely fractured at the flexure where it hosts numerous facture-hosted quartz stringers. The dike is sericitized, iron carbonatized and slightly pyretic. Quartz veins and stringers are also hosted by tension fractures in mafic metavolcanic rocks near the contact with the dike. The mafic metavolcanic rocks are strongly sheared at the contact. A lamprophyre dike intersects the mineralized zone. Quartz stringers and veins host carbonate, sericite, chlorite, pyrite, pyrrhotite and fine visible gold. The source of this information is the Government of Ontario assessment files which were reviewed and verified by Gerald L. Colborne, B.Sc., M.Sc., P.Eng., P.Geol., F.G.A.C., M.C.I.M.
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