Gosselin Veins Property

NIREK holds 100% interest in this property. The spectacular gold and silver showings and exploration potential of the Gosselin veins property in the Shining Tree area is planned to become a major project.

The Gosselin veins are located in Churchill and Asquith Townships, in the District of Sudbury, in the Larder Lake Mining Division. The claim group consists of 18 contiguous mining claims. The main gold showing, known as the Gosselin occurrence is the focus of the current exploration program.

The Gosselin vein crosses the Churchill and Asquith Township line and has a strike length of 1.25 miles and strikes north 15 degrees west. The width of the vein is 6 feet to 65 feet in the northern part of the vein. The rocks consist of Keewatin altered pillow lava and rusty weathering iron - magnesium - calcium carbonate cut by fesite or rhyolite and graniteporphry of the Algoman age. The gold-bearing veins occur in all these rocks and in some the contacts between the porphyry and older rocks. A large vertical quartz vein one to twenty feet wide has been uncovered in Asquith Township. The vein continues to the north in Churchill Township where the width is up to 65 feet wide.

Several large lenses were located in previous exploration programs, the largest of these quartz masses is 160 feet long and 65 feet wide at its broadest part, and contains a showing of gold. Directly to the west of this vein are parallel lenses in the schist, which carry visible gold. In the northern part of the property several large lenses of quartz containing gold occur in the felsite. Usually the veins in the felsite and also in the rusty carbonate are in form of numerous stringers distributed in an irregular manner. The quartz in these various deposits has a white or rose colour. The deposits are large, and portions of them are well mineralized and warrant further development.

In blast pits on the southern part of the vein system in Asquith Township, 3.69 grams / ton Au over 5 feet were obtained in blast pits in December 2006. A power-stripping program in November 2006 uncovered many other well-mineralized veins ranging form 2 inches to two feet in width.

Target
Gold and Silver

Area
Over 2 km

Comment
Further excavating is planned for this fall and then a channel sampling program can begin to test the veins on surface. Also, an east west grid system will be established for an I P survey to locate the well-mineralized lenses of quartz. Drilling should be done to determine the economic value of this deposit.

Silica is also a major focus of this exploration program due to the size of this quartz deposit. The silica can be used in a base metal operation as flux in the smelting process. This would allow for low-grade ore to be mined not only for gold and silver but also profit from the sale of the silica. Another target of this program is the four known green carbonate zones located west of the Gosselin vein. They are up to 20 metres wide and have the strike length of over 2.4km striking North 15 - 20 degrees west and are well mineralized in places. Two blast pits were sunk in two of these zones and returned 1 gram/ton Au as best assay.