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THE SUNBURST CLAIM The Sunburst is also a Patent claim and is located at one end of the Deadwood Claims. The Sunburst was not developed to the same degree as the Deadwood but in the 1930's the intention was to continue following the vein into the Sunburst from the existing tunnels on the Deadwood claims. Very little work has been done on the Sunburst but there is every indication that the Sunburst hosts extensions of the Deadwood Veins. This being the case the original plan of operation calling for extending the Deadwood tunnels still has merit. Plan of Operation As there has been so little development at the Sunburst the first priority will be a drilling program to define the extension of the Deadwood Veins. With the existing tunnels on the Deadwood as a guide drilling can be targeted more efficiently. A detailed sampling and mapping project was completed in February 2006. Both geological mapping and a general survey of the property lines and elevations were carried out. The geological survey has revealed a significant outcrop of high-grade copper mineralization that appears to be fault bounded and approximately one metre in width at the exposure, suggesting a potential vein structure. The occurrence is situated such that it can easily be added to the current drilling plan on the known gold structures. Mr. Michael Dufresne, M.Sc., P.Geol. a principal of APEX Geoscience Ltd. is the Company's Qualified Person for this project. Recent Developments A joint venture agreement for exploration and development of the Sunburst and Deadwood claims that Micrex announced in 2006 has expired. Although Micrex currently owns 100% of this property, in 2009 the Company entered into an option agreement which enables the buyer to purchase a 75% working interest in the Deadwood and Sunburst properties by paying $600,000 plus interest to Micrex by January 1, 2011. The agreement also entitles the buyer to purchase a 100% interest and gain title to the properties if they pay an additional $200,000 by that date. This page was updated on May 25, 2010. |