Annual Report EL 25399 Compass Creek, EL 25436 Mavis Project, EL 29068 New Waterdrum 28 February 2012 to 27 February 2013

Abstract

During 2012 IsMins was faced with a significant shortfall of funding for field programs during the northern field season. This led to the cancellation of all field work during 2012. The company is seeking new ways to fund its exploration on the Compass Creek group of tenements. Several financial arrangements are being considered, and IsMins remains confident that it will be able to fund exploration in the coming years. In lieu of field exploration during 2012, IsMins was able to conduct research into the past exploration in the area of the New Waterdrum Prospect. This research showed that the New Waterdrum area is highly prospective, with coincident AEM and Airborne Magnetic anomalies, along with favourable geology and gold anomalism.