West Porcupine

Canadian Golden Dragon Resources Ltd.("Dragon") and Mega Uranium Ltd. ("Mega") initiated exploration on the west extension of the Porcupine Gold Camp, 34 km. southwest of Timmins, in 1986 and have traced the Destor Porcupine Fault (DPF) through the property. The DPF is considered to be the main control of gold mineralization in the Porcupine Camp which has produced over 70 million ounces of gold since 1909 from 31 mines.

A gold discovery made on the property in the fall of 1994 yielded 0.195 ounces gold over 39 feet incl. 1.27 oz (43.04 g) over 1.5 m ( 5 feet) at a depth of 210 m vertically below surface in hole 94-18. The host was a wide silicified zone with abundant disseminated pyrite. Another hole 95-23, 150 m beneath the discovery hole intersected 20.4 g/1.8m (0.6 oz gold /6 ft.). Another hole 94-13, 400 m west of 94-18 intersected 21 g gold /1.3 m (0.6 oz/4.1 ft.).

The host rocks for the gold are basalts and Komatiitic volcanics with a large quartz eye porphyry and the zone sits on the Destor Porcupine Fault. This geological setting is similar to that of the Hollinger mine in Timmins where over 20 million ounces were produced.

Three drill holes were completed in March of 2003, to test the extension of the 43 g gold intersection made by hole 94-18 in 1994. Wide zones of carbonate alteration, silicification and pyritization were intersected, but only narrow (1.0 - 1.5 m) zones of 1.0 - 2.5 grams gold were found.

The host rocks for the gold are basalts and Komatiitic volcanics with a large quartz eye porphyry and the zone sits on the Destor Porcupine Fault. This geological setting is similar to that of the Hollinger mine in Timmins where over 20 million ounces were produced.

Maestro Ventures Ltd. carried out a five hole program in the fall of 2005. Two holes were drilled in section (WD05-54 at -62 degrees and WD05-55 at -50 degrees) from the same setup. These were designed to test the up-plunge extension of a gold discovery made on the property in the fall of 1994, detailed above. The geology of the 2 drill holes was carbonated mafic volcanics with large intersections of altered (talc) ultramafics and cross cutting quartz-feldspar porphyries. The drill holes encountered wide zones of anomalous gold values, with shorter intervals of higher values ( see tables below), hosted by carbonated mafic volcanics with disseminated sulphides, with most of the samples having several quartz/carbonate veinlets. Further drilling on this section and another section parallel to this 100 m, to the east and west will be required to confirm the plunge and extent of the zone. Deeper holes beneath the discovery are also necessary. The assays are detailed in the tables below.

The most interesting interval was in WD05-55, 11 meters of 0.9 gm Gold / tonne, which included 1 meter sections of 3.98 gr. Au/ tonne and 3.70 gr. Gold / tonne. The drilling seemed to indicate that the zone of better mineralization may pass above the ’05 drill holes.

Three holes (WDF05-01 to WDF05-03) were drilled to test IP targets in a previously undrilled area, in section, at 45 degrees. Unfortunately the targets were determined to be graphitic sediments with sulphides within carbonated mafic volcanics and the assays indicated no gold values of note.

Currently the property is 100% owned by Dragon save for a 2% NSR in favour of Newmont (which can be purchased in its entirety for $1.5 million before 2017) and a condition to spend $150,000 in exploration and a 1% NSR in favour of Mega (which can be purchased in its entirety for $150,000).