December 31, 2006 A two-phase exploration program is proposed for the Thelon Project. The first phase consists of the completion of a MEGATEM survey to provide full coverage of the Screech Property, as well as MEGATEM surveys of selected areas of the Gravel Hill and Eyeberry properties.
During 2005, a NI 43-101 report was completed on the Thelon claim groups. Also during this period, a contract geophysical field crew conducted time domain electromagnetic (PROTEM), magnetic, and VLF-EM surveys.
During the fall of 2004, a field visit was conducted. Prospecting of mineralized rock exposures was carried out as well as recording the unusual surface conditions adjacent to a small lake on the Screech Lake claim group. An airborne electromagnetic and magnetic geophysical survey was prematurely terminated as a result of poor weather conditions with only one-third of the survey work completed.
February 28, 2006 Announced today results from Airborne Magnetic and MEGATEM surveys carried out by Fugro Airborne Surveys (Fugro) over the Screech, Gravel Hill, and Eyeberry properties in the southwestern Thelon Basin, Northwest Territories.