Cannon Exploration Inc. (fka CNEX)

[TRAPPER JIM]

The first two holes of the drill program (see Final Report
OM83-3-C-65) tested the I.P. anomaly along the zone in the
vicinity of shafts two and five where mineralized material from
the dumps returned economic gold values. Hole R84-01 intersected
sheared gabbroic basalt which returned 0.52g/t Au over 1 meter.
Samples taken from an 8.7 meter intersection of quartz vein
material with inclusions of pyritic chlorite-carbonate-sericite
schist near the hanging wall contact with a well defined porphyry
unit (traced for 400 meters between L2+OOS-L6+OOS, see Plan 10)
in hole R84-02 contained 2.88 g/t Au over 1 meter or 2.04 g/t Au
over 2.2 meters with low base metal values, (i.e. 460 ppm Zn, 92
ppm Cu). Gold values ranged from 0.05 g/t Au to 1.71 g/t Au over
narrow widths in holes R84-03-06 inclusive. The anomalous values
are associated with chlorite-carbonate schist near porphyry
contacts. page 11. http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/imaging/52F07NW0011//52F07NW0011.Pdf