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Tuesday, July 17, 2007 1:44:10 PM
According to Subury geologists, the Tudor Gold Property encompasses 50 units by 20 contiguous unpatented mining claims to cover a total area of 1,000 hectares The Property is situated in Ontario, Canada at the intersection of the north trending Moira River Fault Zone and the northeast trending Gilmour Shear Zone. The Tudor Property hosts several gold occurrences with grades of +1 g/t Au. The potential size of the Main deposit based on geological projections should exceed 22.7 million tonnes @ 2 g/t Au and contain a resource of 7.3 million tonnes @ 5.5 g/t or approximately 1.28 million oz of gold.
In addition, the entire 7 km strike length of the felsite unit hosting the Main Prospect is mostly gold bearing and has excellent down-dip potential to host additional gold deposits comparable to the Main Prospect. For instance, the Polar Zone is situated through a gold occurrence located parallel to Homestake Mineral's Middle and North Zone.
The Tudor Gold Property is located in eastern Ontario, Canada
approximately 100 miles northeast of Toronto. The property lies within Tudor and
Grimsthorpe Townships. The property consists of twenty-two contiguous unpatented
mining claims containing sixty units covering approximately 2,965 acres of land.
The Company intends to launch a comprehensive, property wide, surface
exploration program immediately. The Company intends to follow-up with drill
testing of the mineralized zones of the property. The data derived from the
drill testing of the various zones should enable the Company to identify and
assess gold bearing structures to ultimately establish the size and grade of the
gold resource
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