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Siku Project

Location: Nunavut
Est. Size: 455,000 Acres
Ownership: 50% Option Agreement with Arctic Star Diamond Corp.
Opportunity: Discover new diamondiferous kimberlite in the Pelly Bay District

The Siku property surrounds the Darby project, where Teck Cominco Limited and Indicator Minerals Inc. discovered five kimberlite bodies including an 11- hectare pipe. For the 2007 budget Teck Cominco committed to an $8.5 million budget for the Darby project.

Several compelling targets have already been identified on the property from a partial airborne geophysical survey.

In 2007 the companies completed an airborne geophysical survey and numerous additional targets have been identified for testing. Based on indicator minerals, geophysics, and proximity to Darby, the Franklin kimberlite field is anticipated to extend onto Siku. The Companies preliminary plan is to drill test up to 20 - 30 targets in 2008.

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