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4. PROPERTY DESCRIPTION AND LOCATION<br />

LOCATION<br />

The Nechalacho <strong>deposit</strong> is located <strong>on</strong> <strong>the</strong> Thor Lake property, in Canada’s Northwest<br />

Territories, 100 km sou<strong>the</strong>ast of <strong>the</strong> capital city of Yellowknife and five kilometres north of <strong>the</strong><br />

Hearne Channel <strong>on</strong> <strong>the</strong> East Arm of Great Slave Lake. The property is within <strong>the</strong> Mackenzie<br />

Mining District of <strong>the</strong> Northwest Territories and Thor Lake is shown <strong>on</strong> Nati<strong>on</strong>al Topographic<br />

System (NTS) map sheet 85I/02 at approximately 62°06’30’’N and 112°35’30’’W (6,886,500N,<br />

417,000E – NAD83).<br />

LAND TENURE<br />

The Thor Lake property c<strong>on</strong>sists of five c<strong>on</strong>tiguous mineral leases (totaling 4,249 ha, or 10,449<br />

acres) and three claims (totaling 1,869 ha, or 4,597 acres) (Figure 4-1). Pertinent data for <strong>the</strong><br />

mining leases are shown in Table 4-1 while <strong>the</strong> mineral claims data are shown in Table 4-2.<br />

Table 4-1<br />

Mineral Lease Summary<br />

Aval<strong>on</strong> Rare Metals Inc. – Thor Lake Project<br />

Lease Number<br />

Area<br />

(ha)<br />

Legal<br />

Descripti<strong>on</strong><br />

Effective<br />

Date<br />

Expirati<strong>on</strong><br />

Date<br />

3178 1,053 Lot 1001, 85 I/2 05/22/1985 05/22/2027<br />

3179 939 Lot 1000, 85 I/2 05/22/1985 05/22/2027<br />

3265 367 Lot 1005, 85 I/2 03/02/1987 03/02/2029<br />

3266 850 Lot 1007, 85 I/2 03/02/1987 03/02/2029<br />

3267 1,040 Lot 1006, 85 I/2 03/02/1987 03/02/2029<br />

Total 4,249<br />

Table 4-2<br />

Mineral Claims Summary<br />

Aval<strong>on</strong> Rare Metals Inc. – Thor Lake Project<br />

Mineral Claim<br />

Number<br />

Mineral Claim<br />

Name<br />

Claim Sheet<br />

Number<br />

Mining District<br />

K12405 Angela 1 85I2 Mackenzie<br />

K12406 Angela 2 85I2 Mackenzie<br />

K12407 Angela 3 85I2 Mackenzie<br />

Technical Report 43-101 – March 13, 2011 Page 4-1<br />

Prepared by Aval<strong>on</strong> Rare Metals Inc.

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