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The Shihan VMS Property is located within the eastern arm of the Michipicoten Greenstone Belt (MGB). The MGB is the largest greenstone belt in the Wawa Subprovince of the Superior Structural Province of the Canadian Shield. The metasedimentary and metavolcanic rocks were then intruded by compositional, variable-aged plutons. The supracrustal rocks within the belt strike in an east to northeast direction and are bounded by the Puskaskwa Batholith in the west and the Kapuskasing Structural Zone in the east. Structural displacement of all rock types is present with distinct northwest and northeast trending faults displaying displacements of tens to hundreds of metres.

At least three discrete cycles of volcanism have been identified within the belt. The Catfish assemblage (Cycle 3) is the youngest episode and covers the property. From north to south it consists of massive to pillowed magnesium and iron-rich tholeiitic metavolcanic flows overlain by felsic metavolcanic rock composed of tuff, lappili tuff, breccia, quartz-crystal tuff and cherty rhyolite. The rocks were then intruded by massive to foliated granodiorite, trondhjemite and quartz monzonite.

The Zinc Zone was interpreted to be an Archean-aged, VMS Zn-Cu Deposit type hosted at the contact of overturned, Na2O-CaO depleted, pyrite enriched, altered quartz crystal tuff (quartz-sericite schist) representing the stratigraphic hanging wall to the mineralization, and TiO2 depleted, SiO2-rich, cherty FIII rhyolite representing the stratigraphic footwall to the mineralization. The FIII rhyolite exhibits pronounced negative Eu anomalies, low Zr/Y ratios and low abundances of Sr. The geochemical importance of this felsic rock package at Shihan is in its similarity to geochemical signatures of felsic rock packages within productive, multi-deposit, base-metal camps.

The mineralization consists of the following: stringers and pockets of massive dark brown to resinous sphalerite and coarse crystalline pyrite; small patches and stringers of chalcopyrite and galena; and native silver, argentite and tetrahedrite. The Zinc Zone strikes east-west, dips steeply south and has an apparent plunge to the west.

The Ontario Department of Mines and Northern Affairs selected two samples of massive mineralization to be analyzed by the Laboratory and Research Branch of the Ontario Department of Mines. Results of the samples are tabulated below:

Government Assays from Zinc Zone

Sample #

Zinc-%

Silver-g/t

Copper-%

Lead-%

Gold-g/t

1

14.10

695.30

0.10

0.80

2.06

2

7.60

621.30

2.15

trace

2.05

In June 2006, Rockcliff, completed due diligence grab sampling on the partially exposed surface expression of the Zinc Zone. Samples were analyzed for zinc, copper, lead, silver and gold. Results are tabulated on the following page.

Rockcliff Assays of Zinc Zone

SAMPLE

ZINC-%

COPPER-%

LEAD-%

SILVER-ppm

GOLD-ppb

HOST/SULFIDE

41301

58.15

0.02

0.64

66.6

56

m.s.

41302

59.60

0.02

1.14

113.8

48

m.s

41303

51.50

0.04

0.85

237.4

125

m.s

41304

53.00

0.07

0.65

158.7

112

m.s

41305

48.50

0.05

0.34

143.7

248

m.s

41306

0.49

0.01

1.16

179.4

301

oxidized q.s.s.

41307

21.74

0.12

0.11

200.7

180

sheared s.m.s.

41308

14.74

0.14

0.08

81.5

413

sheared s.m.s.

41309

6.92

0.05

0.05

36.2

264

str.sulfide

41310

3.25

0.30

0.10

140.5

182

cherty rhyolite

41311

10.65

0.28

0.04

75.8

617

s.m.s. rhyolite

41312

0.06

0.01

0.03

128.1

176

massive pyrite

41313

4.88

0.21

0.02

65.1

114

q.s.s.-s.m.s.

41314

2.97

2.97

0.03

297.6

452

stringer sulfide

41315

1.57

0.04

0.01

68.0

104

q.s.s.-py.str.

41316

0.66

0.03

0.03

24.9

493

sheared q.s.s.

41317

0.02

0.40

0.01

41.3

710

sheared q.s.s

m.s. = massive sulfide, q.s.s. = quartz sericite schist, s.m.s. = semi massive sulfide,
str. = stringer, py. = pyrite

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