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Last: $0.20
Volume: 10200
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Date: 08-24-2012
Time: 09:59

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Properties


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Overview

Haig Inlet Iron Ore Project

The Haig Inlet Iron Ore Project covers over 24,800 hectares, located on the Belcher Islands, Nunavut, Canada. A significant amount of exploration work, including numerous widely-spaced diamond drill holes, was carried out on the property during the 1950's by Belcher Mining Corporation Ltd ("BMC"). BMC's exploration programs targeted the Kipalu Formation of iron-bearing rocks containing hematite iron formations of the Superior type. Canadian Orebodies recently completed a summer drilling program on the Property utilizing 3 diamond drills. In total, 64 drill holes totalling 9,119.2 meters were completed, including 2 holes that were abandoned early. Assay results have now been received for all 62 completed holes drilled at Haig Inlet, and highlights include:
      Iron mineralization delineated over an area of roughly 9 sq. km in the vicinity of Haig Inlet.
      Iron mineralization traced from Haig Inlet to the north over a distance of approximately 7.5 kilometers.
      Mineralization remains open to the north and south.
      Initial NI 43-101 Resource Estimate resulted in an indicated iron ore resource of 230 million tonnes at 35.17% iron and an additional inferred resource of 289 million tonnes at 35.47%.

Lithium and Rare Metals

Canadian Orebodies has 7 separate Lithium/Rare Metals properties located in northern Ontario. The Properties in total consist of 317 claim units comprising 5,072 hectares. The Falcon Lake, Zigzag and Despard properties are both located in the general area of Linear Metals Corp. (TSX: LRM) Seymour Lake Lithium/Tantalum/Beryllium Property, approximately 60 km northeast of Armstrong, Ontario.

McFaulds Lake 'Ring of Fire'

Canadian Orebodies has a significant interest in the McFaulds Lake 'Ring of Fire'. The company holds an 80% interest through a joint venture agreement with Rainy Mountain Royalty Corp. on the Trump property, several NSR and NPI royalty interests on various properties held by Noront Resources, Temex Resources and Ring of Fire Resources. As well as a large shareholding (5 million shares and 4 million share purchase warrants with an exercise price of $0.15) in Ring of Fire Resources Inc. which holds a large portfolio of property in the McFaulds Lake 'Ring of Fire' area.

Hawkins

Host to the historic Shenango Gold Mine and a known low-grade gold horizon with values of 1 to 4 grams per ton of gold over 4 to 30 meter widths along a minimum strike distance of 3 to 4 kilometres. This was proved up by Falconbridge Exploration Ltd. in the mid-1980's by means of an extensive shallow drilling program. No subsequent drilling was carried out to evaluate these felsic volcaniclastic units at depth or to the west.
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