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January 11, 2005
Lac des Iles
List of exploration work completed by AntOro:
November 2002: Systematic soil and selective rock and outcrop sampling
September 2002: Line cutting and Mag-VLF
July 2002: Prospecting and rock sampling.
June 2003: Induced Polarity survey on the geochemical (Pd) anomalies (xx km)
August 2004:
The Lac des Iles property is located immediately east of North American Palladium's mine which is the only Palladium mine in North America. The property is located approximately one hour north of Thunder Bay and is accessible year-round by means of the mine access road that cuts through AntOro's property.
The property consists of 4 contiguous claims covering an area of 640 hectares. AntOro Resources Inc. holds a 90% interest in these claims.
Geotest holds the remaining 10% interest.
Exploration work realized by AntOro Resources Inc. in late summer and fall of 2002 produced encouraging data that mandates further exploration on the property. Geology on the property is favorable to "Platinum Group Elements ( "PGE" ) and Cu-Ni mineralization. The Vandenbrooks regional fault cuts through the property and will be investigated for mineralization in future field work.
AntOro performed in the fall of 2002 some line-cutting on the property followed by systematic soil sampling the results of which are still pending. AntOro will then execute a systematic rock sampling campaign on the grid, complete the geological mapping of the whole property and execute diamond drill holes on selected targets.
In late 2002, a systematic soil-sampling survey covered the 2002 and 2003 grids; examination of these results highlighted 3 distinct Pd anomalies. In consideration of the dissemination of the ore in the neighboring mine, The company decided to cover these geochemical anomalies with an Induced Polarization survey in August 2003. This survey identified structures of high resistively and high chargeability that ruin parallel with the layering of the Lac-des-Iles complex. The company proposes to follow-up on these good results with diamond-drilling of the combined geochemical and geophysical anomalies.
During the last year, the company proceeded with additional line-cutting in order to double the exploration grid surface; these operations were followed by geological mapping of the entire grids and systematic soil-sampling program. The company is awaiting the results of the soil-sampling program.
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