The Saskatchewan / Manitoba Coal Thread Message Board

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Strategies & Market Trends : The Saskatchewan / Manitoba Coal Thread

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From: average joe	9/9/2011 1:27:07 AM
	of 340

Border-Niska Coal Property CPP1375 The New Moon Minerals Border-Niska property consists of one strategically located claim totaling 649 acres and is located approximately 62.5 Kilometres north of the town of Hudson Bay, in East Central Saskatchewan. Provincial Highway 9 runs adjacent to the property and there is also an active railroad (CNR) located approximately 200 metres south of the property. New Moon can earn a 100% interest and optioned the claim from Gem Oil Inc. This New Moon Border-Niska coal property identified as CPP1375, lies adjoining to and within the known coal zone labeled Niska 108 owned by Goldsource Mines Inc. (TSX.V-GXS). With the exception of this New Moon 649 acre strategic exploration disposition Goldsource holds all the other coal exploration permits (183) in this Border area and totally surrounds New Moon. The immediate area has usually been centered on kimberlite exploration. Even to date, geophysical maps show normal kimberlite signatures throughout the region. However, in 2008 when Goldsource Mines were drilling for kimberlites near Hudson Bay, coal was discovered and mineral claims were immediately transferred to coal claims in the region. But there was a gap in the Goldsource staking and Gem Oil Inc. noticed this and staked CPP1375. This claim appears to possibly have the extension of the Niska 108 zone according to the geophysical signature. During March, 2011, Gem Oil Inc. “: the vendor:” ordered a Bouger gravity survey to be conducted over CPP 1375 to identify any possible low gravity anomalies on the property. This program ended on March 14, 2011. The gravity survey indicates a substantial “Low” in the north central region of CPP1375. This area agrees exactly with the coal outline on the Goldsource Niska 108 and appears to comprise approximately 20% of the total Niska 108 coal zone. Drilling done by Goldsource Mines allowed them to calculate an inferred resource of 66.1 million Tonnes at this zone. This resource does not include the CPP1375 area that is part of the Niska 108 coal zone. The detailed Bouger Anomaly map also indicates other lower gravity zones (possible coal) through the central and southeastern regions of the property therefore giving the property even greater potential. Source: All the information and data contained in this summary was taken from an April, 2011Technical report written for Gem Oil Inc. by Rod Ogilvie P.Eng.,QP and George Sharpe P.Geo. Ltd. QP, MCIM, CGT. Goldsource Mines Inc. also mentions this New Moon property in their Feb 15, 2011 Technical Report under Sections 4.0 and 11.10 Mineral Resources it says: “:As noted in Section 4.0 within the project area there is a single drilling permit which is held by another party. This permit is located at the south end of Niska 108 and can be found on these figures. Reported resources for Niska 108 only include the tonnes within Goldsource’s drill permits and do not include the tonnes associated with the permit under control by the other party” now being New Moon.. Source: Goldsource Mines web site. Map including proposed regional infrastructure

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