The Norton Property

The Norton property consists of 15 claims (233 claim units) with an area of 36.65 km and is located in the Norton-McFaulds Lake Area of Northern Ontario. The property can be found approximately 106 km west-northwest of Marten Falls First Nation at Ogoki Post, Ontario and approximately 120 km southwest of Norton’s Eagle One discovery.

The property is currently held 30.21% by Rainy Mountain Royalty Corp. and 69.79% by Copper Lake Resources Ltd.

An Independent Mineral Resource Estimate was prepared in 2005 by Caracle Creek International Consulting Inc. (CCIC) of Sudbury, Ontario. The Mineral Resource, quoted below, was calculated using a 0.3% Ni cut-off. The Mineral Estimate reported herein is not a mineral reserve and as such, does not demonstrate economic viability.

Norton Lake Deposit Mineral Resource Estimate:
reported at 0.3% Ni cut-off

Ni Grade (%)
Cu Grade (%)
Co Grade (%)
Pd Grade (g/t)
Measured 1,769,721 0.67 0.61 0.03 0.46
Indicated 488,933 0.67 0.61 0.03 0.47
TOTAL 2,258,654 0.67 0.61 0.03 0.46
Inferred 198,571 0.66 0.59 0.03 0.47

According to CCIC, the Mineral Resource has further potential to be expanded with additional exploration drilling along strike and down plunge toward the northeast, and toward the southwest, also the near-surface side of the deposit where there exists some sampling gaps and some poorly defined sulphide lenses that appear to be structurally displaced.

The Norton Lake Ni-Cu-Co deposit has been traced by diamond drilling over a strike length ranging from 225 to 300 metres, and locally to about 400 metres depth, with true widths ranging between 5 and 10 metres. On the basis of geophysical surveys and exploration drilling, the deposit is open to the southwest, northeast and to depth, and other geophysical targets occur along an 11km strike length.