Cannon Exploration Inc. (fka CNEX)

[TRAPPER JIM]

Well for one thing it gives credit to those old reports we dug up and posted on here. LIKE THIS ONE IT REFERENCES ON PAGE 4 IT SAYS :In 1990 Bond Gold completed a geological survey (mapping) at a scale of 1:2500. After Bond
Gold dropped the property it was restaked in 1995, at this time vehicle access was possible due to
logging in the area, prospecting turned up a shear zone. Seven shafts were sunk and a new
showing and zone were identified.
In 2003 trenching, stripping and prospecting were carried out in the zone identified in 1995, 64
samples were taken............................................................................................................................................AND THE Carleton Lake Gold Project Prospecting Report 2003In 1995 M. Woitowicz and A. Glatz restaked the Reliance shear area. Work was
concentrated on the seven shafts and some interesting gold values were obtained. At this
time access was much easier as wood cutting had started in the area of the claims and
vehicle access became possible. In November of 1995 an unknown mineralized shear
zone was found under a newly constructed road. The location of the find is 400 metre
west of the shafts and may be just outside the perimeter of the narrow I.P. grid laid out by
St. Joe.
This zone is 20 to 30 ft. wide and runs into overburden at both ends. Values from 400 ppb
to 25,000 ppb Au were obtained in quartz-flooded biotite sericite schist. Sulfide content
is persistent through the schist and also in the quartz. Purple bornite is conspicuous on
freshly broken surfaces in parts of the zone, with pyrite and pyrrhotite being the dominant
sulfides. Chalco-pyrite and arseno-pyrite can also be seen. A sample with chalco-pyrite
yielded more than 25,000ppb. On strike, 300 m to the south, a new showing was
subsequently found at the edge of a swamp and is considered to be part of the same
structure. It is believed that this zone has never been touched before and therefore its
potential is untested. A planned backhoe work in 1997 was curtailed when the contractor
did not show up to do the work. This new showing was restaked last fall by Woitowicz,
Riives and Glatz.
THIS IS ALL ON PAGE 3 http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/imaging/52F07SW2001//52F07SW2001.Pdf