Silver King Project

The Silver King project is situated at the intersection of the northwest-trending Eureka-Battle Mountain (Cortez) trend and the east-trending Midway-Warm Springs trend, in Lincoln County, Nevada

Recent Developments
A first phase drill program was initiated on the Silver King property in January 2008; however, poor weather conditions forced the early termination of this program drilling. Several targets were tested at the neighbouring Cross project with insignificant results. The Cross project was subsequently abandoned. Further mapping, sampling and drilling is planned for Silver King in 2008.

Geology and Historic Development
The project is underlain by thick sections of the Pogonip Formation a Paleozoic carbonate rocks which host many of Nevada's open pit gold mines such as Barrick Gold's 1 million ounce East Archimedes deposit. Silver King hosts a northwest-trending belt of Tertiary, multi-stage, granodiorite porphyry intrusives, which are thought to be the source of the mineralization.

In the 1980s, The Anaconda Company completed an airborne magnetic survey at Silver King followed by five drill holes to test geophysical anomalies. Hole SK1 intersected mineralization from 143 to 469 m (469 to 1583 feet) including 0.38% copper, 0.24% zinc and 6.2 g/t silver over 27.7 m (91 feet) and 136 ppb gold over 21.3 m (70 feet). Hole SK2 was mineralized from 151 to 506 m (494 to 1661 feet), including 0.17% copper, 0.13% zinc and 11 g/t silver over 110 m (362 feet) and 361 ppb gold over 5 m (16 feet). This mineralization is associated with one of the granodiorite porphyry intrusives and is thought to be marginal to a potentially larger copper-gold porphyry system.