Nolan

The Nolan antimony and gold properties consist of 219 unpatented, federal placer mining claims covering approximately 1,800 ha in three, non-contiguous groups and 451 unpatented federal lode mining claims covering approximately 3,670 ha located about 175 miles north-northwest of Fairbanks, Alaska, U.S.A.

Nolan Creek is road-accessible from Fairbanks via the Dalton Highway, which services the Trans Alaska Pipeline and the North Slope oil fields.

A January 5, 2009 a preliminary feasibility study concluded that the Workman's Bench antimony and gold lode project is economically viable.

The conceptual work plan would involve the selective underground extraction of high quality vein mineralization, processing of ore with a nearby surface plant using gravity - and possibly flotation - technologies, recovering most of the gold value on site at Nolan Creek, and shipping a metallurgical grade stibnite concentrate to overseas buyers, either Asian (China) or European (Rotterdam, Netherlands) markets.

The process plant would be seasonally operated at 125 tpd for recovery rates of 85% for antimony and 90% for gold.

Antimony, which accounts for 77 percent of the value of the product under the mining scenario, would clearly drive the project although gold - 23 percent of total value - is a significant byproduct. Gold bars would be produced at the mine site thus creating early cash flow.

The mine plan contemplates deploying standard cut and fill mining methods that would take place for five months during the winter, followed by a three month period of ore processing. When in full production the mill will process up to 12,500 tons of ore per year which will yield up to 4590 ounces of gold and 5,000 tons of stibnite concentrate.

Stibnite concentrates would be shipped during late summer and early fall of each year.