East Alder Property

Project Summary

This property consists of 30 claims in two licenses and two separate agreements, one with Benton Resources Inc., and the second with a private consortium (Unity Resources). The Benton property was acquired for an initial share payment of 1 million shares on signing and $1,500 in cash, with 500,000 share payments due on the first anniversary (issued) and second anniversary of the agreement. Benton Resources also retains a 2% NSR of which 1% can be purchased for $1 million. The Unity Resources block was acquired (fully paid) for 1.4 million shares and $5,000 cash.

Highlights

  • 30 claims – 750 hectares
  • 25 km NE of 4.2 million oz Valentine Lake project; 1.2 km NE from Antler Gold property 4.6m @ 49 g/t Au (channel sample).
  • 2 km long gold-in-till trend with results to 82 ppb Au.
  • Highest rock sample assay of 5.3 g/t gold (float) similar to Antler Gold style of mineralization.
  • Trenching proposed for 2019.

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