2011 Exploration Program
Sheltered Oak’s plan for 2011 is to conduct an aggressive 11,500 m drilling program starting in July on the Kerrs quartz green carbonate breccia (KQGC) trend hosting the KBX Gold deposit located on its 100% controlled Kerrs Property and the adjoining property located in the East Timmins Gold Camp.
The Phase 6 exploration program is outlined as follows:
a) 8,300 m of in-fill and extensional drilling on Kerrs Gold Deposit
b) 1,200 m of reconnaissance drilling on parallel structure supported by MMI geochem anomalies
c) 2,000 m of extensional drilling on the Kerrs Gold Deposit trend projected on to the Adjacent Property. The Adjacent Property is contiguous to the northwest boundary of OAK’s Kerrs Property. Dome Exploration has explored the project area from 1977 to 1989. Fifty-five diamond drill holes totaling 10,279 m tested geophysical, stratigraphic and mineralized targets. Gold mineralization is associated with quartz, carbonate, pyrite in narrow, altered brecciated zones of mafic volcanic rocks and chert, jasper, pyrite and magnetite. The volcanic stratigraphy shows an arc-shaped fold geometry which is interpreted from regional airborne magnetic surveys to be a large antiform occupying most of Chesney Bay and the eastern portion of Kerrs Township. Historical drilling in the central portion of the property intersected significant amounts of quartz feldspar porphyry. The Kerrs Gold Deposit trend has been extrapolated over a distance of 1,500 m encompassing the auriferous porphyries drilled by Dome Exploration.
Peter Hubacheck, P.Geo. is a Qualified Person as defined by NI43-101 and has reviewed and authorized this geotechnical material.