The Goodfish Kirana Project

The Goodfish Kirana project, a mesothermal gold target and a significant land position in a prime gold producing camp.

The Kirkland Lake Gold camp is home to a world class mining jurisdiction that has produced more than 40 million ounces of gold in a region that boasts gold production of more than 200 million ounces. Champagne Resources holds the third largest contiguous land package just north of the Kirkland Lake Gold Camp of the Western Abitibi, adjacent to Agnico Eagle/Yamana and Kirkland Lake Gold ground. The Property comprises 66 claims totaling 184 units, as well as 20-patented claims for a total of 3,248 hectares (8,026 acres). The land package comprising the Goodfish Kirana Property has been assembled by Champagne Resources through the signing of eight separate agreements with a combination of prospectors and companies. The Property has never been fully explored by geologists because of the fragmented historical land ownership, as well as the exploration attention being focused both economically and academically on the main breaks to the south.

The Property has a strike length of 10 km of which 6 km to 8 km host the Kirana Break, a significant geological break that is known to host gold mineralization.

Historical work dates back to the early 1900’s when high grade gold was first discovered on the Goodfish Kirana Property by hand digging exploration pits and mine shafts. There are 12 historical mine shafts and pits on the Property and four adjacent to the southern boundary of the Property. The Fidelity Mine directly adjacent to the southeast boundary of the property produced high grade gold in the late 1920’s.

The Property hosts significant anomalous gold values from work completed by various individuals and companies over the last 90 years. The most recent historical work (2007 to 2008) includes a 13,500 metre diamond drilling program on the Northern Gold ground (60% of land package). Recent work by Champagne Resources has discovered 12 diamond drill holes (2,400 metres) and an additional 2,500 metres of diamond drill core to be assayed.

A recent compilation of historical data has identified 10 areas of interest on the Property for follow up. Champagne Resources will initially focus on three areas for high grade mesothermal gold deposits: the Goodfish, the Kirana Extension and Fidelity areas where significant historical high grade gold has been produced or found by diamond drilling, channel sampling and/or field work.

Mineralization

Anomalous gold values have been obtained from a number of locations on the Property. Without exception, this mineralization is incompletely described. This is mainly because not enough work has been completed to properly document features such as thickness, orientation and continuity of mineralization. Anomalous gold is typically associated with quartz ± carbonate ± pyrite veins, and shows a tendency to be spatially associated with the interpreted Kirana Break and with a north-trending zone in the Goodfish Block. As such, gold mineralization on the Property appears to be typical mesothermal style mineralization. The exception is in the St. Pierre area, where anomalous to economic concentrations of silver, zinc, lead and copper locally occur along with gold in the quartz veins.