In surveys carried out in 2001-2002 and 2002-2003 by the Fraser Institute, a well known Canadian think-tank, Quebec was ranked as being one of the best areas in the world to explore and develop mines. Quebec is renowned for the production of precious metals, common metals, and industrial metals and ranks among the main mineral producers in the world. Quebec also ranks among the top ten most explored areas in the world. Despite this, over two thirds of the land remains partially explored or completely virgin. This is true of the general James Bay area, which has only fairly recently became accessible to exploration. Many world-class deposits have been discovered in Quebec.

Due to the development of large hydroelectric dams over the past 25 years, the once remote James Bay region is now endowed with significant infrastructure that offers year-round accessibility by road, as well as electricity, airports, and hotels. For example, it is possible to drive directly by car from Montreal to the road adjacent to the main Aquilon Property and spend the evening at a world-class lodge offering all amenities, located about 40 minutes by car from the main area of exploration on the Aquilon Property.

The James Bay region is gaining in prominence as one of Canada's most important areas for mineral exploration.

In September 2004, Golden Tag conducted a first phase exploration program of diamond drilling and mechanical surface stripping on the Red Toad Zone approximately 500 meters east of the historical. This was in response to the favourable results obtained in the initial evaluation. Drill results from this program consisting of 11 BTW core holes totaling 954 meters. Best intersection returned 10.03 g/t Au over 4.33 metres (AQ-04-03) (see Golden Tag's news release of November 9, 2004).

In April 2005, Golden Tag conducted a second phase diamond drilling program on the Red Toad zone consisting of seven NQ core holes totaling 987 meters. Drill results to date indicate that the Red Toad Zone is continuous over a minimum strike length of approximately 130 meters and has been confirmed from the surface to depths over 75 meters. The Zone remains open to depth and along strike. Hole AQ-05-01 returned gold mineralization a further 290 meters to the southwest along strike from the Red Toad Zone. The Company finds that the apparent lateral and vertical continuity in drill results from the Zone is encouraging. A total of 11 holes out of 16 drilled to date on the Red Toad Zone have yielded gold mineralization. See Golden Tag's news release of June 6, 2005.

In February 2007, a Induced Polarization (“IP”) survey is carried out over 20 line on the Main Property. The purpose of the program was to evaluate previously unexplored meta-sediments located directly to the north of the Red Toad Discovery and the string of gold occurrences identified along the Wolf Lake Shear Zone. In April, 2007, this work was followed by a 1000 metre diamond drill program comprised of five holes. Several disseminated to semi-massive sulphide, largely pyrrhotite zones were encountered within meta-sediments. Assay results reveal that with the exception of one interval of 2.3 g/T Au over 60cm in Hole AQ-MA-07-05, the remaining assay results did not returned any significant gold values.

In March 2008, a diamond drilling program is conducted on the Lingo West high-grade gold occurrences (click here for Golden Tag's news release of June 26, 2008). The objective of this program was to better define laterally and at depth the extension of mineralization in this area. The outcropping, high grade gold-bearing vein was tested with tight grid pattern (approx. 10 x 10 metre centres) of 47 shallow, vertical holes totalling 1,074 meters over a strike length of 100 metres and down its shallow dip for 90 metres. Assays returned grades of up to: 3,230.89 g/T Au over 0.80 m, including, 12,906.5 g/T Au over 0.20 m. The very high gold intersection contained 7 to 10% visible gold similar to visible gold samples returned in surface trenching and drilling conducted by Sirios Inc. and SOQUEM INC. in 2002. Drilling confirms the very high grade mineralization plunges down-dip, shallowly to the north-northeast.

An additional diamond drilling program comprises 47 vertical holes totalling 1,013 metres is completed in March-April, 2009 over the Lingo West gold occurrences (click here for Golden Tag's news release of May 6, 2009). Thirteen new high- grade intersections have returned over 1.0 ounce gold per ton (34.29 g/T Au). High grade mineralization can be shown to be continuous and very consistent along the shallow, northeast structural plunge from the surface showing of the Lingo vein and to a vertical depth of at least 42 metres. Although the strike length of high grade “shoots” of mineralization appears to be 3 to 5 metres, potential for up to six additional high grade pencil- like shoots are recognized within the 50 metre strike length of the exposed Lingo Vein. The zone remains open down plunge and the other remaining high grade shoots remain open for expansion.

Click here for the map showing the gold values distribution and composite assay results greater than 2 g/t Au from diamond drilling programs conducted between 2002 and 2009 over the Lingo West gold occurrences.

The Company is currently reviewing all previous results to confirm the potential from bulk sampling of the zone.

Aquilon Gallery February 2007

The Company also owns a 60% interest in the Aquilon Extension property comprising 31 claims (designated cells) and covering 15.7 square kilometers. The property is situated adjacent and south to the Aquilon Main property.