NEW updated CEV presentation January 2012 This is from page 21:
• Potential major iron ore discovery in a world class iron ore belt which
produces 99% of Canada’s iron ore.
• Compared to nearby multi-billion tonne magnetite deposits, Block 103’s
Greenbush Zone is higher grade.
• The discovery appears to be greater than 20 square kilometres, is mostly near
surface and up to 265 metres thick. Open at depth giving potential for the
whole Greenbush Zone to be folded.
• Block 103’s second zone, the Northwest Zone magnetite mineralization is
again high grade, near surface, flat lying with over 5kms of strike.
• Redmond hematite (DSO) project is awaiting assays with 11 near surface
intersections of 10m to 73 metres.
• Well Financed: $17 million
• 2011: $10 million exploration program completed. Assays pending.
• 2012 Q1: Assay Results
• 2012: Drilling commences May
• 2012: Completion of NI 43-101 initial mineral resource estimate