Gold and Base Metals - Anialik Property

Strongbow’s 100% owned Anialik and Rush properties comprise 55,850 ha of Inuit Owned Lands subject to the NTI Agreement covering the Anialik River volcanic belt (ARVB) in the northern Archean Slave Structural Province. The ARVB is one of the few remaining under explored greenstone belts in Canada. The northern part of the belt is on tide water at Coronation Gulf. A number of gold and base metal showings have been identified, including the Run Lake VMS deposit that has been tested by 48 of the 66 reported drill holes within the property. A number of gold showings were ground checked by Strongbow in 2003 and selective sampling confirmed elevated gold values in the range of 20-50 g/t, with the highest grade surface grab sample returning 799 g/t gold from the Wolf showing in the northwest part of the property. Earlier workers have also identified 2 mineralized boulders (15.2 g/t Au, 150 g/t Ag, 8.6% Cu; and 164 g/t Ag, 10.3% Cu) in the north central part of the Anialik belt and Strongbow recently (Spring 2004) completed a detailed helicopter borne magnetic and electromagnetic survey over intermediate to felsic volcanic rocks located up ice from these boulders.

The Rush property is located just east of the ARVB, approximately 7km west of Wolfden Resources High Lake VMS deposit (5.3 million tones averaging 4.0% copper, 2.4% zinc, 1.8 g/t Au, and 32 g/t Ag). Proximity and similar geological setting to the High Lake deposit are motivating factors for Strongbow to explore for similar style polymetallic VMS mineralization on the Rush and Anialik properties.

Despite its proximity to the High Lake deposit, past exploration of the Rush property area has been very limited, with only a single drill hole reported within the property boundary. Three areas of base metal mineralization have been identified by earlier workers as well as significant alteration zones potentially indicative of VMS style mineralization.

Geophysical data collected over the Rush and Anialik properties have been interpreted and follow up prospecting and mapping was conducted during July and August, 2004. Results of this work are currently being received and will be used to identify target areas for follow up work in 2005.