The LIK property comprises a contiguous group of 296 unpatented federal mining claims covering 2,225 ha in northern Alaska. The LIK property was drill tested in the late 1970s and early 1980s, but until the Company commenced its recent work program, no additional drilling had been done since 1992. Much of the LIK South deposit is shallow and considered to be amenable to open pit mining. The LIK North deposit is relatively deeper.

Zazu purchased their interest in the property in 2006, and completed two diamond drill programs in 2007 and in 2008.

The 2007 program comprised of eleven drill holes with an aggregate depth of approximately 1,394m. In order to facilitate this work, the Company purchased a diamond drill rig and contracted with its independent diamond driller, Frontier Exploration, LLC, to man and maintain the drill rig.

For the 2008 program Zazu purchased a second drill rig, and completed 58 drill holes for a total of 6,829m representing both infill and step out drilling. Every hole hit significant sulphide mineralization. Of the 58 holes:

• 25 contained sample lengths in excess of 25m with significant sulphide mineralization as shown below
• 6 contained sample lengths in excess of 50m with significant sulphide mineralization
• 28 contained zinc + lead grades greater than 10% in sample lengths greater than 5m.

The purpose of this work by the Company was to (i) confirm the previous work on the LIK property and upgrade mineral resources to be compliant with NI 43-101, (ii) provide material for metallurgical testing, and (iii) commence the process of in-fill drilling that will be required to complete scoping, pre-feasibility and feasibility studies.

In 2009, Scott Wilson RPA completed a NI-43101 compliant resource estimate on the LIK property.



The results of the drill programs and metallurgical testing are available on this site, and in the accompanying press releases.