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Marusia, Otish Mountains, Québec

This 100%-owned, 50 claim (2,630 hectare) diamond/gold prospect is situated in the Otish Mountains region of Quebec, less than 25 kilometres south of Stornoway Diamonds Corp.’s Foxtrot diamond deposits, and 10 kilometres north of the Eastmain Mine, a former gold producer.

The Marusia Property was acquired as a diamond prospect in recognition of the property's location with respect to the Otish Mountains diamond play. However, the favourable geological context of the property with respect to gold potential was recognized from the beginning.

During 2003, Stratabound discovered a variety of kimberlite indicator minerals in glacial till samples down-ice from sixteen aeromagnetic anomalies on the Marusia claims. In addition, gold anomalies were detected in the southern portion of the property.

In 2004, the company conducted follow-up work on the kimberlite indicator minerals discovered in 2003. Results of the 2004 program were inconclusive, having recovered a different suite of kimberlite indicator minerals (mostly chrome diopsides and forsterites) than the initial program (picroilmenites, pyrope garnets, magnesian chromites and forsterites), and without any increase in quantity.

Previous non-diamond mineral exploration in the vicinity of the property has consisted of gold exploration of the volcano-sedimentary belts bracketing the property to the north and south.

The Eastmain gold deposit was discovered in 1970 by Placer-Dome.  Mining activities ceased in 1995.

Several local till geochemical characteristics indicate gold or base metals concentrations in the central area of the Marusia Property, including gold anomalies in till samples, a concentration of anomalous gold-in-mud samples, anomalous base metals-in-mud samples, detrital chalcopyrites, abundant detrital arsenopyrites, and a gold grain recovered from a heavy mineral concentrate.

These anomalous concentrations lie just south of a northeast trending volcanosedimentary package and appear to coincide with a Central Magnetic Zone. The intense magnetic signature is considered indicative of either folded magnetite iron formation or of a magmatic magnetite-rich ultramafite.

This geochemical and magnetic signature, when considered with respect to subregional and local gold metallogenetics, suggests that gold exploration should be actively pursued on Marusia.  No field work was done on the Marusia Property in 2007.  A regional and property satellite interpretation study was completed.

- Last update May 4, 2008

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