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| | Taurus Gold Project, British Columbia The Taurus Gold Project is located north of Highway 37 which comprises the northern portions of the Cassiar Gold Camp. The project contains the Taurus gold deposit, a large gold system which has been the focus of much of the exploration on the project. The Taurus deposit is located approximately eight kilometres from the company's milling facility, and is located along the main access road to the town of Cassiar. It lies low in the valley in an area of subdued topography, allowing year round exploration and ease of access. A former small underground gold mine operation, the Taurus underground mine, produced approximately 35,000 ounces of gold from eastern portions of the Taurus deposit in the 1980's. The Taurus deposit was explored by previous operators with the objective of identifying potential for a combination of large tonnage open pit and a high grade underground mine. The Taurus deposit, located within the Cassiar Gold Camp, hosts an inferred NI 43-101 compliant resource of 1.06 million ounces of gold comprising of 33.1 million tonnes at an average capped grade of 0.99 g/t Au using a cut-off grade of 0.50 g/t Au. The resource is supported by a technical report titled, "Updated Resource Report on the Taurus Project -- Liard Mining District, B.C.," dated March 11, 2009 and prepared by Thomas C. Stubens and Morinus Andre de Ruijter of Wardrop Engineering Incorporated, which was filed at www.sedar.com on March 18, 2009. The Taurus deposit is open in many directions and contains the potential for higher grade mineralization internal to the lower grade resource. The company is currently evaluating exploration information, and plans to further explore the deposit during 2012, as well as to evaluate many other exploration targets on the project. A feasibility study has not been completed on the Taurus resource and there is no certainty the disclosed targets will be reached or that the proposed operations will be economically viable.
Updated 43-101 Technical Report and Mineral Resource Estimate The company has prepared a NI 43-101 report (Wardrop Engineering Inc. - Updated Resource Report on the Taurus Deposit - Liard Mining District, BC - dated March 11, 2009) regarding the Taurus Property and can be viewed here in PDF format. Taurus Maps - Summer 2012 Exploration Program
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