Creso Exploration Inc. announces the award of a 5000 meter drilling program on the Shining Tree properties that will start this week including deepening by a further 300 m the Minto Hole #2 (18.2 g/t Au over 65.7 meters from 49.3 m to 115 m and 4.61 g/t Au over 79.6 meters from 132.4 m to 212 m – see) in order to do more down-hole geophysics and better delineate the gold bearing zone. Concurrently, Creso will initiate a detailed helicopter survey at 30m line spacing that will focus primarily on the Minto, Matona, Tyranite and Duggan Zones to outline known gold mineralization areas.

Creso has signed two airborne geophysical contracts with Terraquest Ltd both of which will start in July. The helicopter survey which will include Single Sensor High Resolution Aero-magnetics, Radiometrics and XDS/VLF-EM systems is based on 1779 line kilometers to be flown at low altitude with a 30m line spacing. The fix-wing aircraft will survey the entire eastern half of the Shining Tree properties covering large areas of the Tyrrell, Knight and Milner Townships survey and will include High Resolution Aero-magnetics, Horizontal Gradiometer, Radiometrics and XDS/VLF-EM systems over 5853 line kilometers at a 100m line spacing.

The combination of these two surveys is particularly well adapted to the Shining Tree Area where contrasts in hydrothermal alteration, mineralized volcanic and intrusive rocks, and complex structural features are common. Radiometric surveys will aid in delineating potassium enriched alteration zones commonly associated with gold mineralization in the area.

Auric Mining Corp. announces the results of an Airborne magnetic and VLF-EM Survey conducted for the company by Terraquest Ltd. of Markham Ontario. Terraquest Ltd. was contracted to perform a VLF Electromagnetic survey of the Company’s property in the Dog Lake area of Northern Ontario.

The survey confirmed a number of gold showings on the shoreline of Dog Lake, located a few hundred meters to the west of the property boundary. In the past there has been considerable ground geophysics and drilling conducted in this area. The magnetic maps show the presence of narrow magnetic linear features striking from a North to East trend and appear to occupy all of the three major rock types. At least ten diabase dykes have been interpreted from the second derivative pattern and almost all are certain to belong to the Matachewn-Hearts swarm that is prevalent in the area. In the southeast corner a lateral displacement of three dykes are interpreted as a fault.

One of the more significant features of the magnetic maps is the presence of narrow magnetic linear features striking from North to East. These are illustrated on the interpretation maps and appear to occupy all three major rock types. The OGS map shows several major faults or deformation zones in the general area and with the same strike direction. It is proposed that these magnetic linears could be related to them. They could represent fracture elements in a broad deformation zone and since they stretch into the gold showings to the west are of considerable interest now as possible channels of mineralization.

Based on the conclusions and recommendations of the VLF-EM survey, possible new exploration targets have been identified and further exploration recommended. An exploration program has been adopted and will be carried out in the coming months.

Auric Mining Corp. plans to do another similar survey in the near future using additional technology to better define these results before a full field exploration program commences this summer.

• Previous exploration in the Wawa has discovered numerous deposits of small diamonds within metamorphosed Archean basement rocks.
• Dianor has discovered rocks with encouraging grades and stone size distribution directly south of the Mori-Metalex ground.
• Island Gold Mine has Proven and Probable Reserves of 1,013,854 tonnes at a grade of 8.55 g/t gold for a total of 278,711 ounces of gold (NI 43-101 compliant report by GENIVAR) Project has additional Measured and Indicated Resources 454,705 tonnes at a grade of 10.26 g/t for a total of 149,972 ounces (NI 43-101 compliant report by GENIVAR).

Trueclaim Exploration Inc.  an explorer and developer of precious and base metals,  announces the completion of preliminary results of the airborne geophysical survey undertaken on the property and a summary of its activities on the Scadding Property.

The preliminary data from the recent airborne survey undertaken on the Scadding property and surrounding area has now been received, geo-referenced and overlain with our in-house interactive digital map base consisting of the underlying topography, claim fabric, geology maps, known mineral occurrences and other layers and classes. This survey, consisting of 2,943.9 line kilometres and covering an area of approximately 244.3 square kilometres, was undertaken by Terraquest of Markham Ontario. This survey was comprised of a total field magnetometer survey, horizontal gradient magnetometer surveys, a radiometric survey for each of Potassium, Thorium and Uranium as well as their recently developed triaxial VLF survey. Variations in the strength of the magnetic field have been used for to determine different rock types or alteration zones that could be related to gold mineralization. The variations in potassium content can be used to discriminate rock types as well as locating zones of anomalous potassium content (potassic alteration) within lithologies that normally have low values of this element. Potassic alteration has, in some cases, been known to be associated with gold mineralization. The triaxial VLF survey will allow for the better discrimination of conductors in a variety of orientations. The area of the survey included peripheral properties of several claim holders who also participated in the cost of the survey over their properties. At this time further work is being undertaken by Terraquest to enhance the quality of a final product.

The results of the preliminary geophysical interpretation of the survey show numerous anomalies that are now being examined on the ground by our field crews. Each person in the field has been equipped with a Garmin Map 60CSx handheld GPS units containing detailed 1:20,000 scale topographical maps of the area to ensure accurate and efficient location and examination in the field.

At this time three teams are simultaneously working on the property. Team 1 consists of a geologist and helper currently stripping, washing and mapping in the immediate area of the Scadding minesite to enhance information collected from our phase 1 drill program to be combined in our existing 3D model for enhanced targeting in the proposed phase 2 drill program. Team 2 consists of a geologist and 2 prospectors who are currently examining and sampling airborne anomalies and other sites outside the area of the Scadding minesite. The information collected from this work will be used to determine the best areas for further examination by detailed ground geophysics, geochemistry, stripping, washing, mapping and potentially diamond drilling where warranted. Team 3 consists of the senior geologist and a logistics coordinator and is focused on co-ordination of field activities, collection of data, preparation and submission of data as well as assessment reporting. Currently in addition to the submission of upcoming assessment work, detailed local sitemaps are being prepared for the examination and mapping of the many known gold, base metal and platinum group metal showings known on the site.

A geochemical and magnetic susceptibility analysis of the core was also undertaken comparing some of the gold mineralized areas with non-mineralized areas. This study has revealed some interesting correlations that are currently being studied further. It is felt that the results of this work may help in discriminating non-mineralized chlorite from the mineralized chlorite in which most of the gold occurs at the minesite.