Bowman Hislop Property The Company also holds a 100% interest in the Northern Ontario Bowman Hislop Property and is currently awaiting final results from the initial exploration program. Initial results indicate significant targets have been identified in the area to the west of the nearby historic Canadian Arrow Mine property recently optioned by Murgor Resources. Murgor's first drill hole at that historic gold producing property assayed 2.64 g/t gold over a core length of 59 metres.
During the first three quarters of FY 2011, the Company completed a program of line cutting, ground work and geophysics.
Subsequent to Q3 of FY 2011, the Company commenced drilling on the Property. A 10 hole drill program was completed to test a variety of recently identified gold exploration targets it has identified on its 66 claim land holdings. The new targets on the Nebu property are thought to have the potential to represent similar geological settings to that found on the Murgor property. Assays are pending.
The hosts for gold mineralization on the Murgor property are primarily fractured, quartz veined syenite intrusive and the fractured basalts located outside the intrusion. In recent reports by Murgor it is interpreted by Murgor that the Golden Arrow Fault extends across the Golden Arrow Property and extends onto the Nebu property Targets in this area will be tested for potential gold bearing structures
