JIMINEX INC V.JIM

Jiminex Deep drilling soon - part 1

[tes1936]

The Northern Eagle Gold Property consists of 207 non-patented claim units occupying a total area of 3

280 hectares or 32.80 km2 located about 15 km west of the world class Hemlo gold deposit (containing

roughly 20.8 million troy ounces gold as calculated from total production and reserves at Dec. 31, 2007).

The Property is bisected by the Trans-Canada highway, a Canadian Pacific railway line and a high

voltage power transmission line. The Williams Operating Corporation, now wholly-owned by Barrick Gold

Corporation, is currently producing gold at the Hemlo deposit. Infrastructure is excellent for low cost

exploration and for lower cost possible future gold mining project development.

The Northern Eagle Gold Property covers 10 km of Hemlo gold deposit stratigraphy including a barite

alteration/shear zone and the Hemlo-Heron Bay regional fault, both geological features similar to that

occurring at the Hemlo gold deposit. A second less distinct alteration zone called the Melgund Sericite

Zone is suggested to exist on the property and is interpreted to be closely associated with the Hemlo-

Heron Bay regional fault. The Barite Zone is associated with a northern splay of this regional fault. Both

alteration zones have geochemically elevated levels of a number of the trace elements which are found in

and surrounding the Hemlo Deposit. Geochemically-anomalous gold values are noted from time to time

in historical surface trench samples and drill core samples on the Northern Eagle Gold Property.

Following the Hemlo deposit discovery in 1981, there were several years of intense exploration activity.

Since the late 1980’s exploration has been sporadic over different parts of the Northern Eagle Gold

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Property. Geoscience research on the Hemlo gold deposit, and the local and regional geology, is now

much more advanced than back in 1981. Exploration techniques are also much advanced especially with

deeper penetrating geophysical methods.

It is important to note that about 90% of the Hemlo gold deposit is deeper than 500 metres and

considerably less than 5% of the Northern Eagle Gold Property target alteration zones have been tested

(if tested at all) below this possibly critical depth. Jiminex Inc. plans to complete a geological compilation

of historical data followed by conducting deep penetrating geophysical surveys over selected target

areas. Deep (greater that 500 metres vertical depth) diamond drilling of the target areas is anticipated.