The Cosby property is located 60km east – northeast of Timmins, Ontario. The property is comprised of 45 claim units in Walker Township, Ontario.
The property consists of felsic, mafic and ultramafic volcanic units within the Kidd-Munro Assemblage. Previous work by AMAX, Falconbridge and Cosby includes magnetometer, VLFEM, HLEM, geology and geochemical surveys and five diamond drill holes. In 2005 two new holes have now been drilled at the Cosby-Walker Property. Hole No. CW-08-001 was drilled on section 7000E to test an Insight induced polarization chargeability anomaly. The hole encountered rhyolite and dacite of the Kidd-Munroe Assemblage. The hole intersected weak disseminated pyrite and graphite in the target area at a depth of 100m in dacite but near the rhyolite-dacite contact.
Hole No. CW-08-002 was drilled on section 6200E to investigate a gold intersection in historic hole K15-62 assaying 1.79 g/t Au over a core length of 3.7m at a vertical depth of 100m with disseminated arsenopyrite. Hole CW-08-002 encountered weak to strong disseminated arsenopyrite and pyrite over a core length of 10.16m from 283 to 293.16m at a vertical depth of 200m below surface in a silicified zone with quartz veining within dacite near the rhyolite-dacite contact that lines up with the intersection in hole K15-62 at a 70 degree south dip. Assays are pending. Two additional holes are planned to test chargeability anomalies on the southern part of the grid on sections 6200E and 7000E.