Download the geological report for the Scadding mine here

Trueclaim has an option to acquire up to a 100% interest in the Scadding Gold Property located in Scadding Township, District of Sudbury, Ontario between Wanapitei and Ashigami Lakes about 50 kilometres northeast of Sudbury, Ontario. This property consists of seven contiguous mining leases containing a total of 56 mining claims. It reportedly produced approximately 914 kg of gold from 127,000 tonnes (t) of ore grading 7.2 g/t Au (grams per tonne gold) (or 29,400 ounces of gold from 139,742 short tons of ore grading 0.21 ounces/ton) during the period from 1984 to 1990.

Since the initial discovery in 1973, five zones of gold mineralization hosted by structurally controlled chloritic breccias within the feldspathic quartzites of the Serpent Formation of the Quirke Lake Group of early Proterozoic (Huronian) age have been identified on the Property. These zones are the North, Central (Intermediate), South, East-West and the New Zone. All zones lie within an area of approximately 36 acres measuring approximately 600 metres north-south by 600 metres east-west. The North, East-West and South Zones have all been mined by shallow open cuts or pits while the Central (Intermediate) Zone was exploited underground from about 15 metres below surface to about 110 metres below surface. The New Zone which lies west of the East-West Zone is only known from diamond drilling.

Surface diamond drilling as well as underground development has indicated that the zones of economic grade gold mineralization are shoot-like bodies that generally have a limited strike length and a significant downdip/plunge extent. It would appear that the down plunge potential of all the zones has not been totally evaluated to date since most drill holes have been less than 100 metres in length. It is considered that for the currently known five zones of mineralization, the areas of highest potential for the localization of new mineralization is down plunge from the known zone and within the Serpent feldspathic quartzite units where breccias could be developed due to faulting and shearing.

It is considered that the potential for the discovery of additional mineralization lies in two areas;

- down plunge below currently known mineralization and particularly in the New Zone and,

- within areas underlain by the Serpent feldspathic quartzite outside of the area where the five zones of known mineralization are located. It is estimated that 600 of the 907 hectares of the Property are underlain by the Serpent Formation.

To evaluate the Scadding Gold Property, a two phase program of exploration is planned. The Company looks forward to proceeding with the Phase I drill program over the course of 2009 and assessing the potential for significant additional gold resources on the Scadding claims