"TRIPLE LAKE PROJECT"

Triple Lake Property

The Triple Lake property is situated in Bartlett, Musgrove and McArthur Townships, approximately 30km south of the city of Timmins, Ontario. It consists of a total of 7 claims as 60 claims units covering 960 hectares (2,372 acres).

Looking for a VMS Deposit
The Triple Lake property contains 2 clustered E.M. anomalies and is believed to have GOLD and VMS potential. A detailed modeling of the geophysical anomalies by a senior geophysicist interpreted the upper part to be sphere like and the lower part to be plate like. This interpretation fits the VMS model.

2008 Drill Results
In 2008 Richmond Minerals in drill hole RMD-8-02 hit a definite zone of polymetallic mineralization intersected at a depth of 14.53m that has a down hole width of 2.42m of 0.78% copper including 1.22m of 1.41% copper, 9.3g silver, 0.11% zinc and 249ppb gold. In the same hole, at 91.34m a sample returned 254.3g silver over 0.31m.

Historic Gold Tonnage
In 1932 a 55 foot shaft was sunk on one vein. The operator, Triple Lake Porcupine Gold Mines Ltd shipped 155 tons of ore that returned them $2,738.00, (1932 gold was $20.67/ounce). “This is equivalent to a grade of 0.85 oz per ton gold and recovery of 132oz of gold.

THE STORY

Recent History
In April 17, 2007 the government of Ontario released new airborne electromagnetic and magnetic data covering the area immediately south of Timmins, Ontario. The airborne data, indicated two previously unknown EM anomalous areas. The two anomalous clusters were staked as two separate blocks and then recorded on Friday April 20, 2007.

Examination of records held by Timmins Mining Office indicates these areas had not been drill tested nor subjected to intensive investigation. Early regional geological mapping indicated the area of CF-1 was underlain by granite and therefore its mineral potential was overlooked. During the period of geophysical surveys 2007 volcanic rocks as well as iron rich outcrops (+20%Fe) were located and sampled.

The presence of two previously unknown and untested anomalous clusters in the Timmins mining camp is significant. Three weeks after staking CF-1 and CF-2 Golden Chalice Resources Inc. made a new discovery in Langmuir Township 30km to the east. The first hole drilled to test a cluster of 4 airborne VTEM EM anomalies on the property intersected 1.14% Nickel over 72.50 meters (Press May 16, 2007).

Claim Block CF-1 is situated in Musgrove and Bartlett Townships. The Hollinger deposit lies 3.3 km on strike NNW of the property. The Hollinger deposit is a historical drill proven mineral resource of 114,200 tons of 1.66% copper. It includes a drill intersection of 4% copper over 10 feet. The deposit has been acquired by Amador Gold Corp. Feb 2008.

Claim Block CF-2 is situated in Bartlett Township and McArthur townships and includes the Triple Lake high grade gold occurrences. The past producing Texmont Mine lies 6.5 km east of the CF-2 property. In 1971 it had a reported resource of 3.19 MT of 0.92% nickel.

In the fall of 2007, Richmond Minerals optioned the properties. Grids were established on the original CF-1 and CF-2 claims and ground geophysics were performed.

On CF-1 eight outcrops sampled during the period of the geophysical surveys returned anomalous copper, the highest being 1,484ppm copper.

One outcrop sample was taken on CF-2 during the fall 2007 geophysical surveys. It assayed 191ppb gold and 0.6% copper.

Detailed modeling of the CF-1 airborne anomaly by a senior geophysicist of Fugro Geophysics interpreted the source as the upper part of the anomaly to be sphere like and the lower part to be plate like. This interpretation fits the VMS model.

In the winter-spring of 2008 a limited follow up diamond drill program was carried out to test various geophysical targets for gold, silver and base metals. Total drilling completed was 1,135m, 893.18m as 4 holes on CF-1 and 241.84 on CF-2.

The source of the airborne EM anomaly on CF-1 was not located by the limited drilling.

On CF-2 in drill hole RMD-8-02 a definite zone of polymetallic mineralization was intersected at a depth of 14.53m that has a down hole width of 2.42m of 0.78% copper including 1.22m of 1.41% copper, 9.3g silver, 0.11% zinc and 249ppb gold. In the same hole, at 91.34m a sample returned 254.3g silver over 0.31m. The zone appears related to but does not represent the source of the airborne EM anomaly. The surface showing of 191ppb gold and 0.6% copper and drill hole RMD-8-02 are separated by approximately125m.

Casing was left in holes proximal to airborne EM anomalies to enable future down hole geophysical surveys to define potential drill targets.

Historic Results
Prior to 1926, John Spence discovered a piece of quartz on the shore of Triple Lake. Mr. Spence dug into the bank uncovering a quartz vein. By 1926 a six foot pit had been sunk on the vein which strikes N50E and dips 60 degrees south.

By 1932 a 55 foot shaft was sunk on one vein. The operator, Triple Lake Porcupine Gold Mines Ltd shipped 155 tons of ore that returned them $2738.00, (1932 gold was $20.67/ounce). “This is equivalent to a grade of 0.85 oz per ton gold and recovery of 132oz of gold. \

In 1926 there were two claims just north of the southern boundary of McArthur Township called the Lokner claims. The same area was covered by nine claims held by A. Hubert and O. Thomas in 1959.They reported up to 2.06 oz/ ton gold from spotty mineralization.

Lacana Mining Corporation, in 1981 held 6 claims within the present property and performed geological mapping sampling trenching and geophysics. Sampling of the main quartz vein in 1981 returned values of 0.8 oz/ton gold and 1 oz/ton silver over 3 feet.

The old shaft was dewatered, but before sampling could be done the Ministry of Natural Resources filled the shaft with gravel. In 1982, Lacana drilled 5 diamond drill holes totaling 1393 feet. Hole MC-1-82, drilled below the shaft mineralized material, which assayed 01oz/ton gold over 3.5 feet. There was significant sub parallel fracturing in the hole indicating that the hole may have been drilled along a fault zone thus obscuring the mineralized zone. Holes MC-2,-3,-4 and-582 were drilled to test the western extension of the shaft zone.

United Kingdom Energy Inc. in 1987 performed a reverse circulation drilling covering a portion of the property which returned several highly anomalous results. The highest value was 12,895 ppb gold on the Triple Lake property. The gold anomaly was drilled however the company became insolvent. No record of the core log was found in the Ministry files. The core has been located in the Timmins core library and is available and accessible for re-logging and sampling.

In 2006, the Precambrian Geoscience Section (PGS) of the Ontario Geological Survey (OGS) started a multi-year project of geological mapping of the Bartlett Dome as part of an ongoing project to update geological mapping in the Timmins mining camp.

In 2006, 1:20 000 scale bedrock mapping was focused on McArthur Township .The new geological map was released April 17, 2007, map P.3585.

The map indicates several previously unrecognized features, including a tonalite plug on the property.