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Resource Estimates

Estimated Gold Resources Of The Bonanza Property

Item Parameter
Area Approx. 160 metres long, 3-5 metres wide, and 125 metres deep
Thickness 3-5 metres true
Estimated Resource 300,000 tons @ 0.08 oz/ton (as reported by Noramco, 1988)
Estimated Resource - II 175,000 tons @ 0.20 oz/ton Au (Cable Mines & Oils Ltd., 1948)

The Noramco estimate constitutes a so-called 'historical resource' with respect to N.I. 43-101. The resource was calculated after compiling and reviewing historic data for the property and is based on primarily the 1987-88 Noramco Mining Corporation drill programme, consisting of 48 holes totalling 6637 metres, with additional data from the subsequent, 1988-89 programme with 34 holes drilled totalling 4785 metres.

There has been considerable earlier drilling including from 1946 to 1965, by Orlac Red Lake Mines Ltd., & from 1948 to 1965, by Cable Mines & Oils Ltd.


Cautionary Note to U.S. Investors - This website contains information about adjacent properties on which we have no right to explore or mine.  We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents files with the SEC.  U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

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