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1506-Barr Claims, Labrador

National Instrument 43-101 Report - May 2009

The Company holds a 100% interest in certain mineral claim properties, which it previously staked in Labrador.

Location, Access and Infrastructure

Licence 1506 (Figure 1) comprises 60 map staked mineral claims covering 15 square kilometres located approximately 90 kilometres north of the Voisey’s Bay nickel mine in the Nain area of Labrador. Direct access to the site is float plane to a nearby lake and then by helicopter. Aircraft come from Nain, or from Goose Bay-Happy Valley located 400 kilometres to the south. There is no infrastructure in the immediate area with Nain, 90 kilometres to the south the nearest service centre.

Licence 1506 (Figure 2) consists of 60 map staked mineral claims covering 15 square kilometres located in the Alliger Lake area (NTS map sheet 14E/1). The claims were recorded on March 15, 1995.

The geological and geophysical research study has determined that the mineralized horizon reflected by the resistivity on the 1506 strikes north-south. This mineralized horizon is interpreted to be the top of a large pool of layered sulphides, the bottom of which is near the western border of the property. The resistivity low reflecting this horizon is approximately 3,000 metres long and 300 metres wide. This provides a large target for exploration.  Within this large zone, possibly at the western edge or at depth a large pool of massive sulphides could be located.