Annual exploration report Maud Creek Project year ending 31 December 2001 combined report MCN 4134-4152, MCN 4218-4225, MCN 4343-4345

Abstract

Work during the reporting period included review of all exploration data, rock chip sampling program and drilling program. The best assays from diamond drilling within the main zone include 1.84m at 3.05 g-t Au from 422.5m, 2.2m at 2.27g-t Au from 449.8m, 4.94m at 7.53g-t Au from 423.76m, and 58.2m at 3.15 g-t Au from 452m. At Chlorite Hill 12 RC drill holes were completed and include following significant results 4m at 3.96 g-t Au, from 48m, 4m at 2.47 g-t Au 12m and 2m at 3.73 g/t Au from 14m. Rock chip sampling returned disappointing results with gold values from 0.1 g-t to 0.3 g-t. Further testing is required.