McFauld's West

In response to diamond drilling results on the McFauld's West property, a VTEM survey was flown in order to provide deeper penetration than the previous AeroTEM survey. Peridotite, similar to that hosting Eagle One sulphide mineralization, was identified in holes MW08-02 and MW08-08, but no explanation for geophysical anomalies was observed. To more accurately locate potential bedrock conductors, the VTEM data will be used to orient a deep-penetrating ground geophysical survey at 100-metre line spacing, which is at considerably higher resolution than the previous 400-metre-spaced grid.

The presence of peridotite on the property is encouraging, and management will continue to aggressively explore the property, which includes a second phase drilling program expected to commence in the fall.

David Palmer, PhD, PGeo, is the qualified person for all technical information in this release.

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When I spoke to dave last year regarding this anomoly he mentioned that the drilling did not satisfy why the anomoly was showing up. The recent NOT holes suggest that there may be additional pods deeper than have been drilled thus far. Time for Dave to punch a couple of deep vertical holes on the property north of Eagle one.... JMHO