Kenwest: Overview

Location

  • Located within the Boyer Lake Area 35 kilometres south of Dryden.
  • 32 patented mining claims and 10 mining licenses of occupation covering 599 hectares.

Geology

  • Five parallel shear structures.
  • Adjacent to the Elora property, the combined holdings encompass an 800 metre wide zone, which contains a number of highly prospective gold bearing structures. A 4.5 kilometre long section of favourable structures hosts three past producing mines and nine other shafts with unreported production. The high density of shafts in this area is a very positive indicator of the exploration potential.

Exploration Program and Assay Highlights

  • Prospecting, mapping, line cutting, ground magnetometer and induced polarization surveys
  • Geochemical survey completed over portions of the #1 and #2 shear zones with preliminary results identifying a robust anomaly, in an area with very little past work, along the Elora/Kenwest property boundary
  •  Approximately 19,387 metres drilled (104 diamond drill holes) as of September 2012.
  • 53.7 kg/t Au (53,700 g/t Au) over 0.55m

Assay Hightlights:

Summary of hole KW-11-26 assays in #2 Gold Structure

Hole From To Interval Au g/t
(cut to 50 g/t)
Au g/t
(uncut)
KW-11-26 55.25 63.70 8.45 4.9 3,497
    including 55.25 55.90 0.65 0.2 0.2
    and 55.90 56.45 0.55 50.0 53,700.0
    and 56.45 57.00 0.55 8.7 8.7
    and 57.00 58.00 1.00 0.6 0.6
    and 58.00 59.00 1.00 2.2 2.2
    and 59.00 60.00 1.00 1.7 1.7
    and 60.00 60.75 0.75 0.8 0.8
    and 60.75 61.40 0.65 0.9 0.9
    and 61.40 61.95 0.55 2.6 2.6
    and 61.95 63.00 1.05 0.4 0.4

Note: Intervals reported are core lengths; true widths of mineralization are not known

Significant Assays: All Holes

DDH From To Width* (m) Au g/t
KW-10-13 135.8 141.9 6.1 15.4
KW-11-26 55.25 63.7 8.45 4.9
KW-11-30 128 137.05 9.1 2.06
KW-11-33 257.5 263.5 6 10.3
KW-11-46 29.9 38.9 9 26.9
KW-11-47 44.4 55 10.6 1.7
KW-11-48 72.5 77 4.5 7
KW-11-50 29 38.3 9.3 1.8
KW-11-51 36.5 46.2 9.7 1.8
KW-11-52 53.3 63.8 10.5 2.1
KW-11-53 75.7 82.5 6.8 5.3
KW-11-54 94.5 101 6.5 8.4
KW-11-55 32.7 41 8.4 4.7
KW-11-60 69.7 77 7.3 3.4
KW-11-61 53 61 8 2
KW-11-62 58.5 66.8 8.3 2.6
KW-11-67 119 123.2 4.2 7
KW-11-68 104.5 108 3.5 4.3
KW-11-69 293 293.8 0.8 1055
KW-11-76 37.5 40 2.5 11.9
KW-11-77 83 87.5 4.5 5.4
KW-12-84 19.8 22.5 2.7 6.16
KW-12-84 17.5 26.9 9.4 2.92
KW-12-86 85.3 88.8 3.5 4.67
KW-12-90 46.6 51.6 5 3.75
KW-12-98 78.1 81.6 3.5 5.6

*Intervals reported are core lengths, true widths of mineralization are not known
Note: Width x g/t Au > 15