ÉLÉONORE

MINING & PROCESSING

The project is located at relative proximity to accessible infrastructure such a major hydro-electric powerlines, paved roads, airstrips, and Cree Nation Communities. The project is at the advanced exploration stage consisting of accelerated diamond drilling programs which will be ongoing throughout 2007 and 2008. The drilling is testing the continuity and potential size of the deposit. The drilling data collected will be included in resource estimations to be completed in 2007.

A conceptual scoping study will be completed in early 2007. The current exploration and engineering activities are aiming at providing additional information required for pre-feasibility and feasibility studies to be initiated in 2007. Those studies will include details on mining and processing parameters.

Exploration camp in 2006