Ten Mile Creek Gold Project

canada_yukon

White Gold District

The Ten Mile Creek Gold Project comprises 309 mineral claims located within the Dawson Mining District of Canada’s Yukon Territory approximately 30 kilometers north-northwest of the White Gold Property of Kinross Gold Corp. and 60 kilometers north of the Coffee Gold Project of Kaminak Gold Corp.

tenmilecreekproperty

Solomon holds an option from Radius Gold Inc. (TSX-V.RDU) to earn a 51% interest in the property.

The Ten Mile Creek Gold Project is readily accessible by roll-on/roll-off barge from the Yukon River and serviced by a well maintained airstrip on the Sixty Mile River.

 

WhiteGoldDistrict_800

This property was originally staked by Teck Resources Limited following a regional reconnaissance program in the Dawson Range.  Teck explored the property from 1998 to 2000 with a program of geological mapping, soil and rock sampling and limited trenching in which it identified five diamond drill targets prior to abandoning its Yukon projects in 2001.

Solomon’s 2010 field exploration program was directed at examining historical mineralization on the property in light of new information gleaned from other projects in the White Gold Camp. A high priority target was the Jual Vein System with numerous northwesterly trending, flat to moderately dipping quartz veins and stockworks with gold values identified by Teck ranging from 8 to 16 grams per tonne (g/t) gold.  Trenching conducted by Teck of selected soil geochemical anomalies yielded results of 1.6 g/t gold over 25 meters (including 11.1 g/t gold over three meters) and 1.0 g/t gold over 19 meters (including 8.5 g/t over 1.5 meters).

 

tenmilecreekproperty_3

Ten Mile Creek Gold Project Claim Boundaries and Logistics.

As the results from our 2010 soil geochemical and surface geophysical surveys were received, it became readily apparent that the Jual Vein System is a very small component of a much larger gold target extending over an area 3.0 kilometers by 1.5 kilometers in extent.

Three extensive new soil geochemical anomalies were discovered within this broad target area, and gold values of up to 1436 parts per billion (ppb) gold (1.436 grammes/tonne) and 4630 parts per million (ppm) arsenic and the pronounced linearity of these anomalies suggest that the Jual Vein System may be a limited expression of an extensive structurally controlled gold system that dominates the northernmost portion of the property.

A total of 2,650 soil geochemical samples were taken on grids established in the central portion of the JV claim group and the northern portion of the Ten Mile claims during the 2010 field season.

 

tenmilecreekproperty_4

Four significant soil geochemical anomalies were discovered in the 2010 field program:

The Skukum Zone is a significant sinuous gold in soil geochemical anomaly located on the JV claim group approximately 900 meters by 700 meters in extent with values up to 1436 parts per billion (ppb) gold and 4630 parts per million (ppm) arsenic.

The Jack London Zone is located one kilometer north of the Skukum Zone and is a soil geochemical anomaly 1600 meters by 600 meters in extent with a peak soil geochemical value of 260 ppb Gold. This highly prospective target will be trenched early in the 2011 exploration season.

The Sourdough Joe Zone is located one kilometer north-northeast of the Jack London Zone and is an elongated east-west soil geochemical anomaly measuring 1400 meters by 300 meters with a peak soil geochemical value of 141 ppb Gold.  This highly prospective target will also be trenched early in the 2011 exploration season.

The Klondike Kate Zone is an east-west anomaly in the northern portion of the Ten Mile claim group four kilometers east of the Skukum Zone measuring approximately 1600 meters in length and 400 meters in width with gold in soil geochemical results as high as 698 ppb gold and 570 ppm arsenic.

Trenching of selected anomalies in 2010 returned gold values as high as 1.5 g/t gold over 2.0 meters.

tenmilecreekproperty_5

Six exploratory diamond drill holes were completed in 2010, primarily directed at providing a better understanding of the historical mineralization of the property and to set the stage for drilling the highly anomalous soil geochemical anomalies discovered late in the 2010 field season.

Solomon field crews mobilized to the Ten Mile Creek Gold Property on May 1st, 2011 and eight discrete mineralized targets have been identified for detailed follow-up this season.  The 2011 exploration program will include 3000 soil geochemical samples as well as mechanized trenching in the Jual Vein System and the newly discovered Skukum, Jack London, Sourdough Joe and Klondike Kate zones.

tenmilecreekproperty_6

We are awaiting the results of the soil geochemical survey and the results of a  296 line-kilometer airborne VLF-EM, magnetometer and spectrometer survey flown in July of 2011.

The Company plans to complete 6000 feet of reverse circulation drilling on the Jual claims in September of 2011 and a further 1000 meters of diamond drilling in October once the results of earlier work are in hand.

tenmilecreekproperty_7

tenmilecreekproperty_8

tenmilecreekproperty_9