Canoe Lake

Strongbow's 100% owned Canoe Lake property comprises approximately 10,590ha of mining leases, mineral claims and Inuit Owned Lands covering highly prospective Archean copper-zinc silver-gold mineralization in the High Lake greenstone belt 65 km south of the Arctic coast. The property is centered on two Canada Mining Leases, currently under option from Canadian Natural Resources (CNR), that cover massive to stringer copper-zinc sulphides and strong syn-volcanic hydrothermal chlorite alteration near the top of a thick sequence of felsic to intermediate volcanic flows and fragmental rocks. Mineralization occurs at the same stratigraphic position in the volcanic-sedimentary pile as the High Lake massive copper-zinc deposit located 25 km to the north and currently being explored by Wolfden Resources.

Strongbow flew a detailed helicopter-borne magnetic-electromagnetic survey over the property during the spring of 2004. Under the terms of an option agreement Allyn Resources completed ground geophysical and prospecting surveys of the property during the summer of 2004 and 2005. In March 2006 Allyn dropped its option to earn an interest in the project.

The Canoe Lake property currently hosts two drill ready prospects - the Canoe Lake base metal prospect and the Bamako gold prospect.

Work on the Canoe Lake prospect has included ground magnetic, HELM, and UTEM surveys over the main Canoe Lake massive sulphide showing. On September 12th , 2005 Allyn announced results from two continuous chip samples collected from outcropping massive sulphide mineralization at the Canoe Lake VMS showing. The sampled mineralization is characterized by massive pyrite-sphalerite-galena and chalcopyrite-bearing outcrops located over a strike length of 25 m. Two chip samples collected at 1 metre intervals returned 1.3% Cu, 1.7% Pb, 6.9% Zn and 130 g/t Ag over four metres and 0.6% Cu, 1.3% Pb, 8.0% Zn, and 148 g/t Ag over three metres, respectively. Sampling of a talus slope located to the east of these massive sulphide outcrops identified a fine grained sphalerite-galena phase of mineralization. Samples of this material returned up to 0.1% Cu, 6.9% Pb, 20.6% Zn and 628 g/t Ag. An additional broad zone of hydrothermal alteration was mapped over a 400 m strike length within the volcanic stratigraphy, immediately beneath the massive sulphide occurrences. Sulphide mineralization within this alteration zone returned elevated Cu and Au values (up to 2.28% Cu and 1.6 g/t Au). Mineralization at Canoe Lake is coincident with HLEM and UTEM conductors that can be traced over a strike length of 600m.

Ground geophysical surveys of the Bamako showing by Allyn has resulted in the identification of three sub-parallel, near vertically dipping gold bearing mineralized horizons within a 300 m stratigraphic interval. Mineralization is characterized by zones of sulphide enrichment and silicification within sheared mafic metavolcanic rocks. Disseminated to semi-massive pyrrhotite is the dominant sulphide, typically accompanied by lesser amounts of pyrite and chalcopyrite and pervasively brecciated blue-grey to black quartz flooding. The association of gold mineralization with pyrrhotite has enabled the Bamako showings to be assessed using standard geophysical techniques. Results of the completed geophysical program indicate significant potential strike lengths to the mineralized horizons as magnetic and conductive responses coincident with mineralization identified in outcrop can be traced beneath overburden for up to 350 m.