LOVELAND

The property is located about 30 km northwest of Timmins and 23 km west of the world class Kidd Creek mine.

The property encloses the same rhyolite unit that hosts the past producing Kam-Kotia VMS mine (5.8Mt @ 1.1%Cu & 1.2% Zn) located 8 km ESE of the property. Recent dates published by the Ontario Government show that two ages of rhyolites are found on the property, including one being the same as the Kidd Creek rhyolite. In addition to having rhyolites with the prospective (high temperature) signature and the same age as Kidd Creek, the property hosts a stringer zone that has yielded encouraging stringer type drill intersections such as 0.9% Zn/12m and 0.5% Cu/13m.

It appears that past operators have focused their drilling on the stringer zone only and neglected testing the top of the unit (i.e. where the stringer (feeder) zone may have breached through the seafloor to precipitate massive sulphides). The top of the felsic unit has therefore seen very little exploration.

Surface deep penetrating TDEM and magnetometer surveys were completed by Cogitore over the whole property in 2004 with a few strong conductors identified. However, a detailed review of Government files combined with field work showed that these conductors have been tested. Further work is subject to new developments or concepts that may evolve either from Cogitore’s own work or from results of others working in the area.

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