The Appalachian properties cover an extensive area stretching from the U.S. border of New York, Vermont, New Hampshire and Maine to the Gaspe Penninsula in Quebec. The major property groups include Beauce, Stoke, Clinton and North Megantic.

This project can be considered grassroots and grew out of the Company’s involvement in the Beauce gold placers and attempts to identify a significant bedrock source which has yet to be definItely identified; however, Management believes that these kinds of properties are extremely important because they offer the opportunity of significant value added with modest expenditures.

A large number of properties were staked on the basis of historic base metal and gold showings and were flown by a 13,800 line kilometer VTEM Survey in late 2010 to early 2011. Prospecting work is ongoing and has identified a large number of targets, some of which are currently being trenched and drilled.

 
















 

 

The Southern Quebec Appalachians host an anomalously high proportion of gold placers relative to bedrock reserves in comparison with other Appalachian regions (Newfoundland).The spatial coincidence with bedrock gold deposits and anomalies suggest possible links. Such a relation may exist between the Rapides-du-Diable auriferous black shales and gold-bearing quartz veins, and the Riviere-Gilbert placers.

As illustrated above,the Stoke Property is located in the Ascot-Weedon volcano-sedimentary Belt which is the most productive Southern Quebec environment  with 6 VMS past producers. It covers 22km of favorable, relatively unexplored stratigraphy with 2011 summer drilling highlights including 7.29%Cu over 6.40m in the depth extension of Phelps Dodge’s " copper zone " and the discovery of a new VMS zone 6km SW with 3.18%Cu over 1.50m including 7.14%Cu over 0.60m. (Mike Flanagan P.Geo, QP)

The Clinton Property is located in the Clinton volcano-sedimentary Belt, straddling the Maine border. It covers 20km of favorable stratigraphy and includes historical resources estimated at 1.52 million tons grading 2.08% Copper and 1.54% Zinc in five zones: A, C, E, F and O (Quebec government Fiche de Gite 21E07-0007). (In 1973, 122,251 tons of material grading 2.65% Copper, 2.43% Zinc, 0.46% Lead, 30.03 g/t Silver and 0.45 g/t Goldwere mined from the “O Zone” (Groupe Minier Sullivan, 1973 Annual Report)). (Jean Lafleur, P.Geo., QP)

"The historic resource estimates were completed prior to the implementation of National
Instrument (“NI”) 43-101 standards. Given the quality of the work prepared by the government of Quebec and the Groupe Minier Sullivan, the company believes the resource estimates to be both relevant and reliable. However, a qualified person has not completed sufficient work to classify the historic mineral resources as current mineral resources, and is not treating the historic resources as current. Hence, they should not be relied upon."

Other areas of interest would include nickel and chromite, associated with ultrabasic and basic rocks, and VMS associated with volcanic belts outside the Ascot-Weedon trend.