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Overview

Committee Bay Belt

Slave Craton

Additional Projects


Overview

Slave Craton

In 2002 Golden River Resources Corporation reached an agreement with Tahera Corporation to explore for gold on Tahera's extensive properties on the Slave Craton in northern Canada. This land package contains 177 claims and 11 Inuit Concessions totalling 471,765 acres. Tahera is a diamond exploration company listed on the Toronto Stock. Tahera has developed an extensive database to explore for diamonds and under the terms of the agreement, Golden River Resources will use the database and geochemical samples to explore for gold.

Resources will have access to data from Tahera, including electromagnetic geophysical surveys, overburden and bedrock mapping, overburden sampling and drilling data. The Tahera samples cover areas of known gold mineralisation including in the vicinity of the Lupin and Ulu gold deposits.

Utilizing the Tahera database in conjunction with existing public data, Bay Resource's objective is to delineate new areas of gold mineralization on the northern Slave Craton that could lead to a multi-million ounce gold discovery.

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Committee Bay

In 2002, Golden River Resources Corporation commenced acquiring a strategic land position in the highly prospective Committee Bay Greenstone Belt. The Company is focusing its gold exploration efforts on the Committee Bay greenstone belt, west of Melville Peninsula, Nunavut, Canada.

Golden River Resources currently holds 29 claims totaling 71,694 acres in the Committee Bay Belt. These claims were recorded on October 16, 2002.

The Archean Committee Bay Greenstone belt was the subject of a 3 year (2000-2003) government Targeted Geoscience Initiative (TGI). Total funding for this TGI was $3.5 million. The stated objective of TGI was to increase the level and cost-effectiveness of private sector exploration for mineral resources. Government work in the Committee Bay belt included 1:100,000 scale geologic mapping, prospecting, surficial mapping, drift prospecting, and airborne geophysics (400 m flight line spacing)

The geology is highly prospective for BIF hosted gold In addition to the BIF hosted gold targets, this belt has potential for shear-hosted lode gold, Witswaterstrand style gold, komatiite hosted stratiform Ni-Cu (Kambalda analogy), and PGEs in layered igneous complexes (Laughland Lake Anorthosite Suite). The developing Eastern Arctic diamond plays currently being explored by De Beers, BHP-Billiton, and Stornoway Ventures Ltd. are to the northeast and southeast of the Committee Bay Belt. Impressive diamond results were returned from caustic fusion of the Melville Island kimberlites and the landholdings have now increased to 7 million acres. The 1.5 million acre Churchill diamond play north of Rankin Inlet has intersected 16 kimberlites since June 2003.

In summary, the Committee Bay greenstone belt is highly prospective and underexplored for multiple commodities (gold, nickel, copper, PGEs, diamonds). Golden River Resources has significant land holdings in the belt and these cover several gold showings (up to 9.7 gpt).

More...

Additional Projects

Golden River Resources is committed in its continuing effort to add additional land packages to its already impressive portfolio.


Copyright 2006 Golden River Resources Corporation. All Rights Reserved

Logo Bay Resources Ltd Canada

Overview

Slave Craton

In 2002 Golden River Resources Corporation reached an agreement with Tahera Corporation to explore for gold on Tahera's extensive properties on the Slave Craton in northern Canada. This land package contains 177 claims and 11 Inuit Concessions totalling 471,765 acres. Tahera is a diamond exploration company listed on the Toronto Stock. Tahera has developed an extensive database to explore for diamonds and under the terms of the agreement, Golden River Resources will use the database and geochemical samples to explore for gold.

Resources will have access to data from Tahera, including electromagnetic geophysical surveys, overburden and bedrock mapping, overburden sampling and drilling data. The Tahera samples cover areas of known gold mineralisation including in the vicinity of the Lupin and Ulu gold deposits.

Utilizing the Tahera database in conjunction with existing public data, Bay Resource's objective is to delineate new areas of gold mineralization on the northern Slave Craton that could lead to a multi-million ounce gold discovery.

More...

Committee Bay

In 2002, Golden River Resources Corporation commenced acquiring a strategic land position in the highly prospective Committee Bay Greenstone Belt. The Company is focusing its gold exploration efforts on the Committee Bay greenstone belt, west of Melville Peninsula, Nunavut, Canada.

Golden River Resources currently holds 29 claims totaling 71,694 acres in the Committee Bay Belt. These claims were recorded on October 16, 2002.

The Archean Committee Bay Greenstone belt was the subject of a 3 year (2000-2003) government Targeted Geoscience Initiative (TGI). Total funding for this TGI was $3.5 million. The stated objective of TGI was to increase the level and cost-effectiveness of private sector exploration for mineral resources. Government work in the Committee Bay belt included 1:100,000 scale geologic mapping, prospecting, surficial mapping, drift prospecting, and airborne geophysics (400 m flight line spacing)

The geology is highly prospective for BIF hosted gold In addition to the BIF hosted gold targets, this belt has potential for shear-hosted lode gold, Witswaterstrand style gold, komatiite hosted stratiform Ni-Cu (Kambalda analogy), and PGEs in layered igneous complexes (Laughland Lake Anorthosite Suite). The developing Eastern Arctic diamond plays currently being explored by De Beers, BHP-Billiton, and Stornoway Ventures Ltd. are to the northeast and southeast of the Committee Bay Belt. Impressive diamond results were returned from caustic fusion of the Melville Island kimberlites and the landholdings have now increased to 7 million acres. The 1.5 million acre Churchill diamond play north of Rankin Inlet has intersected 16 kimberlites since June 2003.

In summary, the Committee Bay greenstone belt is highly prospective and underexplored for multiple commodities (gold, nickel, copper, PGEs, diamonds). Golden River Resources has significant land holdings in the belt and these cover several gold showings (up to 9.7 gpt).

More...

Additional Projects

Golden River Resources is committed in its continuing effort to add additional land packages to its already impressive portfolio.


Copyright 2006 Golden River Resources Corporation. All Rights Reserved