Clan Lake Property

The Clan Lake property is located 50 km north of Yellowknife NWT, 10 km south of the Goodwin Lake Property.  It consists of seven mineral claims totaling 2,809 hectares acquired by staking.  The property is 100% owned.

The Clan Lake claims cover a volcanic sequence referred to as the Clan Lake Complex.  There is one principal area of mineralization on the property with numerous showings.  It is believed that at least five of these subparallel zones may be related.

The Main Zone is subject to most of the recent work.  It is hosted within a weakly folded and deformed sequence of mafic to felsic volcanic flows, tuffs and breccias.  Gold mineralization is associated with silicification, quartz veining, and quartz breccias with significant pyrrhotite and arsenopyrite disseminations.  Previous work included trenching, diamond drilling, and a bulk sample (485 troy ounces of gold recovered from 1,000 tonnes extracted in 1966).  It is 485 m long, up to 65 m wide, poorly exposed to the northwest, and has not been explored in detail to the southeast.

Recent diamond drilling has focused on the Main Zone, and totals 13,034 m in 42 drillholes confirming mineralization to a depth of 300 m (open).  Results reveal substantial widths of higher grade gold mineralization (21.5 m grading 10.39 gpt gold (CL103) and 11.9 m grading 15.58 gpt gold (CL104)) as well as broader areas of moderate grade gold mineralization (78.8 m grading 1.94 gpt gold including 33.0 m grading 4.29 gpt gold (CL102), 134.9 m grading 0.81 gpt gold (CL116), 20.7 m of 2.65 gpt gold including 10.0 m of 4.36 gpt gold (CL120)).

http://www.tyhee.com/news/documents/0805Clana.pdf

http://www.tyhee.com/news/documents/080708Drill.pdf

http://www.tyhee.com/news/documents/0904NicClan.pdf

http://www.tyhee.com/news/documents/081014ClanLake_TM_.pdf

The Pond Zone is located 175 m to the west of the northern extent of the Main Zone and is subparallel to it.  It has been traced over 100 metres in strike and up to 40 m in width.  Diamond drilling since the 1960’s has been completed 16 drillholes with historic results reported to 25.08 gpt over 3.2 m, and 6.30 gpt over 5.3 m.

The Cranberry Zone is located 80 m east of the Main Zone and is subparallel to it.  It can be traced in drilling and on surface for over 750 m in strike and up to 140 m in width.  Surface samples are pending.  Recent diamond drillholes yielded 12.75 gpt gold over 3.0 m, 3.10 gpt gold over 8.2 m, and 3.36 gpt gold over 5.0m.

The Morel Zone is exposed 820 m east northeast of the Cranberry Zone, and is subparallel to it.  It can be traced for 420 m along strike and in widths up to 70 m wide.  It has not been drilled, and grab samples have yielded multiple assays greater than 1 gpt gold.

The 330 zone is located 570 m west southwest of the Main Zone, and is subparallel to it.  It has been traced on surface and in drilling for 300 metres and in widths up to 18 m.  It hosts a non-NI 43-101 resource of 126,000 tonnes grading 3.7 gpt gold.

In total, the above five en-echelon zones extend over 1,500 metres in strike-length in the northeast-southwest direction and 800 m in width.  The trend is open for additional zones in both directions.

The property hosts additional showings, such as the Cub and Iceberg Zones which require follow-up work.

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