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| Southern Beardmore Area |
Northern Bonanza Inc., Source Gold Corp.’s Canadian subsidiary, has recently acquired a number of claims south of it KRK West Property in North Eastern Ontario. Northern Bonanza is awaiting the completion of two very important geological reviews of this property in the form of a 43 101 and an Airborne Geological Survey. We expect both of these data intensive reports on the mineralization of the area to indicate a positive potential for further on the ground exploration and expect to initiate our operation program based on this data.
Northern Bonanza will be providing the data from these reports shortly and will update this site accordingly in August 2010. The data will consist of mapping of our properties depicting areas of conductive minerals, copper, lead, zinc and silver but also areas of specific rock that could carry gold values. There will be good pictures of the terrain as well as the maps of specific rock areas showing the length, width depth, etc. of rock areas as well as grab samples for assay.
Northern Bonanza is excited to be using the Geological Airborne Survey as although not a foolproof system, its data provides a tool that is utilized by every serious mining and exploration company in the world.
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