Typhoon Claims, Clear Creek District, Yukon Territories
The Company controls a 100% interest in the Typhoon mineral claims located in the Clear Creek District of the Yukon. There are a total of 117 claims covering over 5,000 acres. The property acquired is in an area where geochemical surveys and placer mining had shown interesting values in gold and silver. The property is readily accessible via a good road connecting to the Klondike Highway some 85 kilometers southeast of Dawson City.
The 100% working interest on 98 claims is subject to a 4% Net Smelter Royalty, of which 1% may be purchased by the Company at any time in the future for the price of $600,000, in cash or shares and an additional 2% which may be purchased at any time for $1,000,000 in cash.
The 100% working interest on the remaining 19 claims requires a $10,000 cash payment over the current year. Curlew Lake is required to complete a work program on these 19 claims at a cost of not less than $60,000 over the next 3 years. The Vendor, Xennex Development Corporation, will retain a 2% NSR Royalty, on the 19 claims which may be purchased at any time by Curlew Lake for $1 million for each 1%.
During 2007, the Company completed an exploration program consisting of line cutting, geophysics (both IP and HLEM surveys), and geologic mapping; followed by about 1000 metres of diamond drilling.
Reconciliation of Proposed & Actual Expenditures
The Company has negotiated a settlement to pay the outstanding payables for the Yukon exploration process through a shares for debt agreement.
During 2007, the Company completed an exploration program consisting of line cutting, geophysics (both IP and HLEM surveys), and geologic mapping; followed by an approx. 1000 metres of diamond drilling operation. Although no definitive results were obtained in the 2007 program, we have now established that gold occurs “in place” in the geological system, as anomalous gold, along with significant sulphide mineralization, was encountered in several drill holes.
The Company will review the project and identify the plans for 2009 follow-up.
Typhoon Gold Property IP Analysis 2007 Line A - click here
Typhoon Gold Property Picture Gallery 2007
Picture #1 click here
Picture #2click here
Picture #3 click here
Picture #4 click here
Picture #5 click here
Picture #6 click here
Picture #7 click here
Picture #8 click here
Picture #9 click here
Typhoon Gold Property Geophysical Analysis 2006 (Land Acquisition) - click here
Typhoon Gold Property Geochemical Analysis 2006 (Land Acquisition) -
Typhoon Gold Property Geophysical Analysis 2006 - click here
Typhoon Gold Property Report 2005 - click here
Typhoon Gold Property Geochemical Analysis 2005 - click here
Typhoon Gold Property Geophysical Analysis 2005 - click here
Typhoon Gold Property Report 2004 - click here
Typhoon Gold Property Geochemical Analysis 2004 - click here
Attached copy of Independent Geology Report Clear Creek Report
and Revised Claim Map
Data on the geochemical soil locations see attached document Clear Creek Soil Samples
The Quartz Claim property staked is in the Dawson Mining District on NTS 115 P/14. A detailed map can be found at the following location http://www.yukonminingrecorder.ca/PDFs/115/115P14P.pdf