Gold Potential

In addition to its demonstrated diamond potential, the Stonecutter Project hosts significant gold exploration upside that remains largely underexplored. Grab samples of conglomeratic rock, taken during the mini-bulk program conducted by previous operators and submitted to Accurassay Laboratories Ltd. in Thunder Bay in 2007 returned positive indications for gold mineralization. It was noted that the S1C conglomerate which produced the highest diamond grades also showed higher gold results from the limited sampling that was conducted. The following table produced by the previous operator Dianor provides a summary of these gold and diamond results.

Tres-Or’s focus is on gold recovery in addition to proven diamond recoveries utilizing secure sampling from 47,500 metres of large diameter drill core securely stored in warehouse facilities in Wawa, Ontario.

This is a photo of some of the drill core in Wawa, Ontario available for resampling.

Planned Work Program

The proposed a work program will focus on the evaluation of the gold potential of the S1C conglomerate unit on the Stonecutter Project. Approximately 47,500 metres of drill core samples, from 158 drill holes are available for sampling and gold analyses. This drill core has been stored at a warehouse in the town of Wawa. The proposed work will include:

• Re-logging the geology of the drill core to classify the different conglomerate units to;
  1. Identify sections where the conglomerate is clast-supported which may indicate sections of the paleo-alluvial channel which were higher energy environments;
  2. Identify sections of the conglomerate units where there are heavy minerals evident (i.e. ilmenite, sulphides);
  3. Match the revised geological description to the previous diamond results to identify sections of core with high diamond counts;
  4. Photograph all of the core to produce photographic logs for each drill hole.
• Sampling of drill core for gold analyses;
  1. Prepare split core samples of sections of the drill core that show potential for gold mineralization based on the results of the re-logging program;
  2. Prepare split core samples of section of the drill core that had high diamond counts from the previous exploration programs.
• Accredited laboratory analysis for gold using the fire assay technique.
• Reporting and preparation of a geological model to incorporate the gold and diamond results into an updated technical report.

Tres-Or intends to prioritize the evaluation of the Stonecutter Project's gold potential through focused exploration to determine the scale, continuity, and economic significance of the gold mineralization, which could represent a transformational value driver for the project.

Photo of a piece of the S1C STONECUTTER conglomerate which has the highest diamond content and also shows indications of the presence of free gold and gold associated with sulphide minerals such as pyrite.