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Location:
The Rock & Roll property is located in the Liard Mining District
approximately 9 km west of the Bronson airstrip and exploration
camp in northern British Columbia.
Access: The property is accessible by aircraft, and is
located 37 km from the Eskay Creek Mine Road.
Property: The property consists of 11 mining claims
totalling 4244 ha. The claims are owned by a consortium composed
of Misty Creek Ventures Ltd, First Fiscal Enterprises Ltd. and Pamicon Developments Ltd (the "Vendors").
Terms of the Option Agreement: PFN can earn a 100% interest in
the Property over a four year period by completing $2,000,000 in
exploration expenditures, paying the Vendors $130,000 and
providing the Vendors with a total of 600,000 PFN shares. The
Vendors will retain a 2% NSR, of which 1% can be purchased for
$3,000,000. The Property is also subject to an underlying NSR of
2%, and an underlying NPI of 15%, both of which are payable to
Prime Equities International Corporation, and both of which are
purchasable in their entirety for $1,500,000 each. The Agreement
is subject to regulatory approval.
Geology: The Rock & Roll Property hosts precious metals
rich, volcanogenic massive sulphide (VMS) mineralization in a
volcano-sedimentary host rock package of Triassic age. As such,
the mineralization shows similarities to the gold and silver
rich mineralization of Barrick Gold's past producing Eskay Creek
mine (reserves at Eskay Creek as of January 1, 1999 were
estimated at 1,355,965 tonnes grading 57.7 grams per tonne (g/t)
gold and 2492.57 g/t silver; Government of BC, MINFILE No 104B
008).

Rock and Roll Historic Drill Hole
RR91-037:
3 meters @ 3.19 g/t Au, 395.9 g/t Ag, 1.08% Cu, 1.09% Pb, 5.08%
Zn
Known mineralization on the Rock and
Roll Property occurs in multiple stacked sulphide lenses in two
zones, the Black Dog and SRV zones, over a strike length of
approximately 950 m. A total of approximately 14,000 m of core
drilling in 110 drill holes was completed on the property from
1991 to 1997. Only six drill holes tested the host stratigraphy
outside of the known mineralization, but at least 5 km of strike
length of the prospective lithologies is present on the
Property. Historic drilling has tested the known mineralization
down to depths of only about 160 m. Thus there is the potential
for additional mineralization along strike and at depth.

The
Black Dog zone hosts an historic, non-NI 43-101 compliant,
indicated resource of 580,544 tonnes grading 2.4 g/t gold, 335.9
g/t silver, 0.64% copper, 0.79% lead, and 3.1% zinc (Government
of BC, MINFILE No 104B 377). Selected historic drill results
that were included in this historic resource estimate are
tabulated below.
|
Hole |
Drill Width |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Pb (%) |
Zn (%) |
|
RR90-001 |
9.7 m |
2.74 |
881.0 |
0.50 |
2.07 |
5.30 |
|
RR90-015 |
2.3 m |
2.09 |
521.4 |
1.10 |
0.88 |
4.60 |
|
RR91-022 |
1.1.m |
2.30 |
1333.5 |
0.31 |
0.68 |
1.59 |
|
RR91-036 |
6.0 m |
2.74 |
687.3 |
1.08 |
2.16 |
6.41 |
|
RR91-065 |
10.0m |
3.19 |
396.3 |
1.09 |
1.09 |
5.07 |
|
RR91-065 |
4.5m |
2.98 |
425.8 |
0.53 |
0.95 |
3.28 |
|
RR91-064 |
6.5 m |
3.57 |
521.7 |
0.50 |
0.86 |
2.73 |
2009 Program:
The 2009 work program commenced with staking of additional
claims surrounding the core Rock and Roll property. This was
followed by a 350 line kilometre AeroTem3 helicopter-borne
magnetic/electromagnetic survey completed in early August by
Aeroquest Limited. The survey identified numerous conductors on
the property which may represent additional zones of
mineralization.
Following interpretation of the airborne survey, a crew
mobilized to ground truth anomalies. The crew also completed
re-sampling and partial re-logging of the existing core to
evaluate historic results and interpretations.
The 2009 drilling program consisted of a total of 540 meters of
core drilling completed in five holes (see accompanying map).
The first four holes were designed to test gaps in the historic
drilling on the Black Dog Zone in order to establish the degree
of continuity of the mineralization and to confirm the historic
geological model. Each of the infill drill holes encountered the
target mineralization, confirming the continuity of the sulphide
lenses and the validity of previous geological interpretations.
Highlights of the 2009 drilling program includes intersections
up to 1.31 g/t gold, 296.2 g/t silver, 0.46% copper, 1.25% lead,
and 3.99% zinc over 3.14 metres in drill hole RR09-107.

2010 Program:
The 2010 exploration program focused primarily on re-sampling
previous drill core, and geological mapping / prospecting that
investigated airborne geophysical survey conductors, and
geological and geochemical targets. The field work was supported
by further compilation of data from the 1990-97 programs and the
incorporation of new geological interpretations formulating in
conjunction with members of the BCGS. The program also
included the completion of an updated NI43-101 report and
resource estimate.
The work will be managed by Equity Exploration Consultants Ltd.
For an update on recent drilling programs, please refer to our
press releases
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