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Coles Creek

Summary

The Coles Creek property consists of 42 mineral tenures totalling 14,857 hectares, located approximately 100km south of Houston, British Columbia.

Callinex has completed an option agreement to acquire a 100% interest in the property. Exploration in the area of the Coles Creek mineral claims dates from 1966 when gossans were examined for porphyry copper mineralization.

Currently, Callinex is familiar with three primary lithological environments in which mineralization is known to occur: a zone of copper-gold molybdenum in porphyritic granodiorite intrusions, a zone of silver-gold-lead-zinc mineralization associated with the Kasalka Group of fragmental volcanoclastic sediments, and a contact horizon associated with quartz diorite intrusion and the Hazelton Group of volcaniclastic rocks.

Exploration on the Coles Creek Property by the Company, from 2005 to the present, includes; prospecting, geochemistry, geophysics and diamond drilling.

Exploration during the 2010 season consisted of 20 diamond drill holes totaling 7,069.18 meters, the construction of a seasonal 40-man exploration camp, surveying 71.9 km of grid lines using 3DIP system, 72.55 km of ground magnetometer survey, 10 km of grid lines surveyed using TDEM system, and limited soil sampling and prospecting.

Highlights of the 2010 diamond drill program included a mineralized intersection grading 3.368 g/t gold, 15.33 g/t silver, 2.04% zinc and 0.15% lead across 21.25 meters of core width.

Currently, a 2011 diamond drilling is being conducted to continue the evaluation and correlation of known mineralized horizons, and to test responses that may be generated from exploration techniques.