VETA GRANDE PROPERTY, DOUGLAS COUNTY, NEVADA

GEOLOGIC SUMMARY: The VETA GRANDE Property consists of more than 6,000 feet of precious metal bearing quartz vein and breccia vein strike cutting Jurassic volcanic rocks and sediments. Selective rock chip sampling of VETA GRANDE identified up to 1.33 ppm Au, 586 ppm Ag, 414 ppm As, and 365 ppm Sb. The property represents an untested, structurally controlled, silver-gold system analogous to the Comstock Lode approximately 30 miles to the north.

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WALKER TAILINGS PROPERTY, PLUMAS COUNTY, CALIFORNIA

GEOLOGIC SUMMARY: The WALKER MINE TAILINGS Property consists of approximately 90 acres of tailings estimated to contain 4.3-5.0 million tons. An increased gold price makes the 0.026 opt Au sand-like material attractive for metal recovery.

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TOGO PROPERTY, NYE COUNTY, NEVADA

GEOLOGIC SUMMARY: The TOGO Property (Tonogold Mine) consists of more than 4,500 feet of anastomosing quartz vein- shear zones cutting the favorable Mizpah Formation, host to the nearby world-class Tonopah deposits with 1.9 million ounces of gold and 175 million ounces of silver production. Selective rock chip sampling of TOGO identified up to 1.4 opt Au mineralization over one outcrop meter, with anomalous silver, antimony and arsenic trace elements. The property represents an untested, structurally controlled, gold-silver vein system peripheral to the central Tonopah District.

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Hadjukovich Project (updated 6/01)

GEOLOGIC SUMMARY: The Hajdukovich gold project is an exploration stage project located in the north central Alaska Range. The claims are located in the Mount Hayes quadrangle 60 kilometers southeast of the town of Delta Junction and 24 kilometers south of the Alaska Highway. The Hajdukovich project is owned 100% by Fairbanks-based Anglo Alaska Gold Corporation and consists of a contiguous group of 49 State of Alaska mining claims covering approximately 7,840 acres. The property was explored by Teck in 1999 and 2000 before being optioned by Canaco Resource who conducted exploration on the project in 2005. No work has been conducted on the project since 2005. The property is situated near the southwest margin of the Yukon Tanana Terrane (YTT), a variably metamorphosed continental margin assemblage of late Proterozoic to mid-Paleozoic age. Gold mineralization is closely associated with the Hajdukovich intrusive complex, a massif on the north flank of the Alaska Range. The Hajdukovich intrusive complex occupies a 5 x 15 km area, with an axis trending approximately N70W which is coincidently subparallel to the Denali fault. The Denali fault, located approximately 65 km south of the project, is a major right lateral strike slip fault forming the south boundary of the YTT. A single U-Pb age date for megacrystic granite at the Sneaker prospect on the east end of the project, suggests crystallization at 56.2 Ma (late Paleocene). The felsic phases in the complex generally post-date and crosscut the mafic phases. The complex is zoned with sharp intrusive contacts between phases with an overall mafic core to felsic margin pattern. This pattern is observable on a largescale as a zonation from a sequence of mafic-ultramafic rocks in the central portion of the complex, to granite and granodiorite on the margin. On a smaller scale, the zonation of the intrusive phases forming the Sneaker stock grades from a granodiorite core to a granite margin. Mineralization at Hajdukovich is clearly associated with the felsic phases of the intrusive complex. Gold mineralization at the Sneaker prospect, on the east end of the complex, has been examined in detail at the surface, and has been tested at depth with very limited diamond core drilling in 2005. The drilling completed thus far is insufficient to evaluate the subsurface potential for gold mineralization at the prospect. The ore deposit model invoked is a magmatic hydrothermal model similar to.... (more available here)

Rob Project

GEOLOGIC SUMMARY: The Rob Property is located in the Goodpaster mining district approximately 110 miles southeast of Fairbanks, Alaska near existing and planned infrastructure. The Rob Property is currently under option to Freegold Ventures Limited, which may earn a 100% interest in the Rob project subject to cash and stock payments and Net Smelter Returns royalties held by the estate of property owner (Ronald Bailey) and vendor (Anglo Alaska Gold Corp.). The property is hosted in intrusive and metamorphic rocks on the flank of the same 30 kilometer long gneiss dome that hosts the 5.6 million ounce Pogo gold deposit. Mineralization at Rob is hosted in Cretaceous granitic rocks and in Paleozoic gneissic rocks and appears to be controlled by district-scale northeast and northwest-trending structures. Two types of gold mineralization have been identified on the project: Au+As+Bi in quartz veins at the Gray Lead and Hilltop prospects and Au+As+Sb in quartz veins at the Michigan, Blue Lead, Blue Lead South, Gray Lead, Grizzly Bear, Upper Trench, Lower Trench and Wolverine prospects. Surface and subsurface sampling encountered significant grade and thickness gold mineralization in several areas of the property. Potential exists for significant grade-tonnage accumulations of intrusive and/or gneiss-hosted gold mineralization similar to that currently being mined in the Fairbanks District and being mined at the Pogo deposit in the Goodpaster District. Recommended work programs for the Rob property include diamond drilling and IP geophysical surveys on the Michigan and Gray Lead prospects, reprocessing of existing airborne geophysical data and limited top-of-bedrock soil auger sampling. The total estimated cost of these programs is approximately US$700,000.