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Current Work Programs
Mabel
Planning and permitting underway for bulk sampling of higher grade
mineralization
Additional gravity concentration tests are underway
Diamond drilling completed to provide additional data to complement RC drilling
Cyanide leach tests completed.
Plan pre-feasibility study to assess economics of project when resource estimate
completed.
Ryan Lake
With recovery in copper prices resume preparation of 43-101 Resource
Estimate on North and CLT zones.
Complete current Closure Plan which is base for further permitting.
Complete metallurgical testing of mineralization from the 3 areas drilled.
Resume infill and exploration drill programs when moly prices recover
Continue surface sampling of other mineralized showings on property.
Famosa
More work planned based on surface geophysics/assay results. |
Latest News
Feb 22, 2010
Average of 4.5 % (90 lb/ton) molybdenum, 2.7 % copper,
53 g/tonne silver, reported for 3 channel samples (each one
meter length) on the floor of the North Zone open pit at the
Ryan Lake property testing surface grades in area where
significant molybdenum and copper grades were reported in
diamond drill holes at shallow depths.
Feb 2, 2010
Metallurgical testing of multi-tonne samples of gold-silver mineralization have started
at Mabel to provide additional data for the preliminary economic assessment
Sept 28, 2009
Two meter channel sample averaged 0.082% molybdenum
plus significant copper, gold and silver in a reconnaissance
program on an area 1,500 meters north of the CLT Zone on Ryan
Lake property, west of Kirkland Lake Ontario.
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 Projects 
Ryan Lake
Property
Matachewan Ontario
(Copper, Molybdenum)
Comox drilling has outlined the SOUTH, NORTH & CLT mineralized
zones to the west of the mill buildings and Highway 566. The
Resource Estimate (N.I. 43-101 compliant) for the South Zone of
5.9 million tonnes indicated resource grading 0.34% Cu, 0.039%
Mo, 0.09g/tonne Au, and 5.0g/tonne Ag has been recently
reported. The Resource Estimate for the North and CLT zones on a
N.I. 43-101 basis is underway.
The 30 holes in the North Zone and 6 in CLT Zone
are all mineralized. In the North Zone 22 of the
30 holes reported intervals grading an average
of 0.12% Mo or 2.3 lbs/ton over an average core
length of 36 meters starting at an average of 8
meters in the core. |
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 Mabel
Property
Northern Sonora State Mexico (Au, Ag)In Carmelitas
Zone – Focus of drilling to-date.
195 mineralized holes avg. 1.2 g/t Au, 42 g/t Ag
Avg. 4 m thick, starting at or near surface,
Includes 46 holes avg. 2.9 g/t Au, 104 g/t Ag
Avg. 4.5 m thick, starting at or near surface.
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 Famosa
Property
Northern Sonora State Mexico
(Au, Ag)
Claims located between two former Au, Ag,
(+ some Pb, Zn) producers. Comox’s geophysics indicates 2
potential parallel targets adjacent to
flank of hill on which grab samples returned
anomalous results. |
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