Overview

Nevada
  • Mustang and Morningstar located in Walker Lane
  • Walker Lane has produced 8 million (plus) ounces gold and 230 million (plus) ounces of silver from 7 major mining camps
  • Epithermal gold and silver deposits hosted in Tertiary volcanic and Mesozoic sedimentary rocks
  • 72 claims with 100% rights held by Teslin
  • Claims in close proximity to previous production
    • 12.5 km southwest of Paradise Peak Mine
    • 1.5M+ oz Au & 40M oz Ag
    • 3.2 km from Pactolus and Warrior mines
  • Geology & Geochemistry similar to Paradise Peak
  • 8 holes drilled in Spring 2011
  • Successful drilling in Spring 2011 resulted in:
    • 7.6m of 2.56g/t Au within 12m of 1.71g/t Au in M11-06
    • 4.6 m of 1.6g/t Au within 9m of 0.87g/t Au in M11-05
  • 8 hole (1,500m) reverse circulation drilling program ($200,000) in planning from Spring 2011 results

Regional Gold Deposits

Paradise Peak Mine
  • 1.5M oz Au & 30M oz Ag
Pactolus Mine
  • High grade Au mineralization
  • 20,000 oz Au
Warrior Mine
  • High Grade Au mineralization
  • 10,000 oz Au
Santa Fe Mine
  • 700k oz Au & 5M oz Ag
  • John Kerr discovery
Isabella Deposit
  • 400k oz Au
Mindora Deposit
  • 40,000 oz Au & 2M oz Ag
  • John Kerr discovery
Rawhide Denton Mine
  • 1M oz Au

Mineralization

  • Major northwest trending belt of strike slip faulting near the western edge of the Basin and Range Province.
  • Extensive volcanic and sedimentary rocks ranging from Permian to Miocene age
  • Outcroppings of fresh to intensely altered Tertiary volcanic rocks occur in the northern part of Mustang
  • Southern part of property covered by extensive but thin Quaternary (recent) surficial deposits.

2011 Drilling Highlights

M11-05
Depth (ft) Au g/t
335-340 0.24
340-345 0.73
345-350 3.16
350-355 0.81
355-360 0.11
360-365 0.15
M11-06
Depth (ft) Au g/t
180-185 2.48
185-190 3.30
190-195 2.29
195-200 3.02
200-205 1.71
205-210 0.47
210-215 0.23
215-220 0.19

Planned Drilling for Q4 2011

  • Open to west, south and northwest
  • Planning 8 holes to 400-500 ft depth
  • Will test westerly and southerly projections
  • Holes are planned at 300ft intervals

Maps

Photos

 

John R. Kerr P. Eng. is a Qualified Person pursuant to NI 43-101 and has reviewed and approved the technical contents above.