Yellow-Jacket-Gold-Project-from-Gold-Rush-to ... - Minerals North

Forward Looking StatementsForward-looking statements involve known and unknown risks, uncertainties and other factorswhich may cause the actual results, performance or achievements of Prize Mining Corp. and EaglePlains Resources Ltd. to be materially different from any future results, performance orachievements expressed or implied by forward-looking statements. Such factors include, amongothers, general business, economic, competitive, political and social uncertainties; the anticipatedbenefits of the acquisition not occurring in the expected time frame or at all; the actual results ofcurrent exploration activities; actual results of reclamation activities; conclusions of economicevaluations; changes in project parameters as plans continue to be refined; future prices of gold;possible variations of ore grade or recovery rates; failure of plant, equipment or processes tooperate as anticipated; accidents, labor disputes and other risks of the mining industry; politicalinstability, insurrection or war; delays in obtaining governmental approvals or financing or in thecompletion of development or construction activities.Although Prize Mining Corp. and Eagle Plains Resources Ltd. have attempted to identifyimportant factors that could cause actual actions, events or results to differ materially ill from thosedescribed in forward-looking statements, there may be other factors that cause actions, events orresults to differ from those anticipated, estimated or intended. Forward-looking statementscontained herein are made as of the date of this presentation and Prize Mining Corp. and EaglePlains Resources Ltd. disclaim any obligation to update any forward-looking statements, whetheras a result of new if information, future events or results or otherwise. There can be noassurancethattforward-looking statements will prove to be accurate, as actual results and future events coulddiffer materially from those anticipated in such statements. Prize Mining Corp. and Eagle PlainsResources Ltd. undertake no obligation to update forward-looking statements if circumstances ormanagements’ estimates or opinions should change. Accordingly, the reader is cautioned not toplace undue reliance on forward-looking statements. tt t

YELLOWJACKETGOLD PROJECTFROM GOLD RUSH …… TO GOLD BARS!

Location of the Atlin Gold Project –Yellowjacket ZoneSurprise LakeAtlin Gold ProjectAtlinAtlin LakeThe project is located in nine (9) km east of Atlin BC

Mineral ClaimsOutlinePlacer Lease & ClaimsOutlineTENURES – PLACER AND MINERAL

Yellowjacket Zone History• 1898 – Placer gold first discovered on PineCreek, with the richest section being locatedimmediately downstream of the Yellowjacket• 1903 – Bedrock gold mineralizationdiscovered d during placer miningi• 1983 – Canova - Drilled 5 holes andintersected rich gold mineralization• 1984 to 1990 –Homestake MineralDevelopment drill tests zone, completespreliminary i resource estimate t of 453,500500tonnes grading 10.26 g/t gold (pre NI 43-101)• 2003 – Prize Mining Corp. (formerly MuskoxMinerals Corp.) options property, continuesexploration2009 Y ll j k t J i t V t (P i d• 2009 – Yellowjacket Joint Venture (Prize andEagle Plains) applies for Small Mines ActPermit

After Ash, 2001Atlin BC Location

After Ash (2004) and Ash (2001)ATLIN GEOLOGY

Q t b t lt dQuartz-carbonate alteredultramafic with free gold

LISTWANITES

Hard, competent rocksAndesiteDiabase

ATLIN

DISCOVERYCLAIMSYELLOWJACKET ZONE

YJ ZONEPINE CREEK FAULTPINE CREEK VALLEY“GOLD RUN”

HomestakeDrill Results1986-8888HOMESTAKE RESOURCE•The British Columbia Ministryof Energy and Mines Open File2000-2 (T.G. Schroeter andHOLE # FROM (m) TO (m) WIDTH(m) GOLD(g/t)YJ86-6 85.34 88.39 3.05 17.93and 108.81 111.86 3.05 4.70YJ86-7 41.61 44.50 2.90 7.78YJ86-9 50.75 54.10 3.35 10.73And 61.26 62.79 1.52 7.20YJ87-20 26.00 29.00 3.00 7.70YJ87-21 90.00 92.00 2.00 4.05YJ87-23 55 00 59 00 400 15 01including 55.00 57.45 2.45 24.29and 63.00 64.00 1.00 16.99and 126.50 127.00 0.50 18.82YJ88-36 95.00 98.00 3.00 11.08including 95.00 96.00 1.00 32.19YJ88-37 97.00 99.00 2.00 4.07YJ88-43 69.49 71.50 2.01 4.01and 114.00 115.00 1.00 5.73YJ88 47 113 00 114 00 100 432YJ88-55 20.00 22.00 2.00 6.79and 87.00 90.00 3.00 5.27including 89.00 90.00 1.00 12.10YJ88-56 82.00 83.00 1.00 4.90YJ88-57 40.00 41.00 1.00 4.53and 92.00 104.00 12.00 8.06including 93.00 94.00 1.00 6.69and 94.00 95.00 1.00 15.84and 95 00 96 00 100 12 14and 96.00 97.00 1.00 37.31And 101.00 103.00 2.00 10.94And 108.00 114.00 6.00 5.58including 108.00 110.00 2.00 15.6788 YJ87-23 55.00 59.00 4.00 15.01R.H. Pinsent) entitled GoldYJ88-47 113.00 114.00 1.00 4.32Production and Resources inBritish Columbia (1858-1998)published the YellowjacketResource figure.•453,500 tonnes grading10.26 g/t gold.•The resource calculation and 95.00 96.00 1.00 12.14set out in the file is pre-NI43-101 regulations.

HOLE # FROM (m) TO (m) WIDTH (m) GOLD (g/t)YJ03-01 13.95 19.51 5.56 513.5021.96 22.87 0.91 21.0625.00 26.52 1.52 40.4235.97 39.02 3.05 34.8142.99 44.21 1.22 57.88YJ03-02 02 50.30 50.91 0.61 16.28YJ04-01 92.50 93.00 0.50 128.15YJ04-07 38.66 37.16 0.50 24.6148.85 54.45 6.10 40.1053.40 53.71 031 0.31 588.878753.95 54.45 0.50 98.85YJ04-17 33.10 33.60 0.50 19.41YJ04-20 140.00 141.00 1.00 142.40YJ04-22 31.50 32.00 050 0.50 16.1919106.80 107.30 0.50 156.95YJ04-27 68.85 69.35 0.50 22.43YJ04-29 68.00 68.50 0.50 119.62YJ04-33 57.5050 58.00 050 0.50 20.040480.65 81.15 0.50 16.7691.80 92.30 0.50 31.30YJ04-35 106.70 107.40 0.70 47.24107.40 108.0000 060 0.60 15.80108.00 108.80 0.80 21.17YJ04-36 87.00 87.50 0.50 31.70YJ04-37 109.50 110.00 0.50 23.11HOLE # FROM (m) TO (m) WIDTH (m) GOLD (g/t)YJ05-42 YJ03-01 65.40 13.95 66.60 19.51 1.20 5.56 513.50 15.20TW05-01 12.20 21.96 20 12.90 22.87 0.70 0.91 29.7821.06TW05-02 10.67 25.00 12.79 26.52 2.62 1.52 853.29 40.42INCL. 10.67 35.97 11.58 39.02 0.91 3.05 2397.59 34.81INCL. 11.58 42.99 12.19 44.21 0.61 1.22 74.51 57.88AND YJ03-02 02 20.05 50.30 41.50 50.91 21.45 0.61 11.4916.28INCL. 24.00 25.29 1.29 26.80YJ04-01 92.50 93.00 0.50 128.15INCL. YJ04-07 26.82 38.66 27.28 37.16 0.46 0.50 28.2224.61INCL. 31.0048.8531.5054.450.506.10129.0040.10INCL. 34.50 35.50 1.00 16.1353.40 53.71 031 0.31 588.8787INCL. 37.50 38.50 1.00 86.838353.95 54.45 0.50 98.85YJ06-46 89.50 90.22 0.72 18.12YJ04-17 33.10 33.60 0.50 19.41YJ04-20 140.00 141.00 1.00 142.40YJ04-22 31.50 32.00 050 0.50 16.1919106.80 107.30 0.50 156.95YJ04-27 68.85 69.35 0.50 22.43YJ04-29 68.00 68.50 0.50 119.62YJ04-33 57.5050 58.00 050 0.50 HIGH GRADE20.040480.65 81.15 0.50 16.76GOLD 91.80 INTERSECTIONS92.30 0.50 31.30YJ04-35 106.70 107.40 0.70 47.24107.40 108.0000 060 0.60 15.80108.00 108.80 0.80 21.17YJ04-36 87.00 87.50 0.50 31.70YJ04-37 109.50 110.00 0.50 23.11

ADDITIONAL GOLD VALUES FROM DRILL HOLESHOLE # FROM (m)TO (m)WIDTH (m) GOLD (g/t)HOLE # FROM (m)TO (m)WIDTH (m) GOLD (g/t)YJ04-20 59.00 60.00 1.00 2.10 YJ04-27 57.65 58.15 0.50 4.1380.00 81.00 1.00 4.4964.15 64.90 0.75 3.6189.00 90.00 1.00 2.0866.35 66.85 0.50 4.1990.00 91.00 1.00 7.57105.00 105.50 0.50 1.34105.50 106.00 0.50 2.13106.00 107.00 1.00 1.27107.00 108.00 1.00 7.12110.50 111.00 0.50 1.29113.00 114.00 1.00 1.13138.00 139.00 1.00 1.04140.00 141.00 1.00 142.40YJ04-22 29.57 30.00 0.43 14.6330.50 31.00 0.50 1.9331.00 31.50 0.50 7.9031.50 32.00 0.50 16.191946.00 46.50 0.50 1.3368.60 69.25 0.65 1.3273.76 74.25 0.49 5.1276.25 76.81 0.56 1.5576.81 77.22 0.41 1.2889.93 90.43 0.50 2.29106.80 107.30 0.50 156.95107.80 108.30 0.50 1.1366.85 67.35 0.50 1.3867.85 68.35 0.50 1.0568.35 68.85 0.50 3.1268.85 69.35 0.50 22.4369.35 69.90 0.55 9.5569.90 70.50 0.60 3.74115.65 116.15 0.50 3.84YJ04-29 68.00 68.50 0.50 119.62136.50 137.00 050 0.50 392 3.92142.00 143.00 1.00 2.02157.00 158.00 1.00 2.87178.00 179.00 1.00 2.30179.00 180.00 1.00 384 3.84180.00 180.50 0.50 2.01180.50 181.00 0.50 2.42181.00 182.00 1.00 3.83182.00 183.00 1.00 2.31183.00 183.70 0.70 2.14193.00 194.00 1.00 1.45195.00 196.00 1.00 5.18

PRIZE MINING CORP.YELLOWJACKET GOLD DEPOSITATLIN, BRITISH COLUMBIALONG SECTION LOOKING NORTH

CONTRACTORS AND CONSULTANTSBGC Engineering – Hydrogeological, GeotechnicalLorax Environmental – Water Quality, Metal LeachingSnowden Mining Industry Consultants– Mining, ProcessingAtlin Tlingit Development Corp. – Water Quality Monitoring,Fish Salvage, FuelKnelson Gravity Solutions – Processing PlantP.E. Walcott & Associates – Drafting, GeophysicsYukon Engineering Services – SurveyingACME Analytical Laboratory - AssayingG&T Metallurgical Services – Metallurgical TestingSGS Minerals Services - ProcessingProcess Research Ortech Inc. – Bench and Pilot Test workChase River Contracting – Milling, Plant ModificationsRuby Gold Enterprises – Excavation WorkNorthwest Contracting – Heavy EquipmentGraff Engineering – Permitting, Engineering

Pine Creek Baseline Water Quality Sampling SitesWATER QUALITY MONITORING CONTRACTED TOWATER QUALITY MONITORING CONTRACTED TOATLIN TLINGIT DEVELOPMENT CORP.

• Habitat investigationsindicate that Pine Creek inthe area of the YellowjacketGold Project is of generallylow habitat value andpotential.• Diversity of fish species is lowin the Yellowjacket area ofPine Creek due to water-falls(fish barrier) located 4.8kilometres downstream fromthe Project.• Only slimy sculpin and oneimmature Arctic graylingwere found in theYellowjacket area of PineCreek.Fish and Fish Habitat(Erhardt & Connor – Review of Prize Mining Pine Creek Diversion Project, Sept 11, 2006)

Acid Base Accounting (ABA)ON-GOING WASTE CHARACTERIZATION WORK• Paste pH values indicate materialNOT actively producing ARD;• Total sulphur concentrations fromthe area of the bulk sample pit arevery low – ranging from belowdetection ( 4,with the majority between 100 and1000 indicating non-acid generating(NAG).All samples are submitted for staticcharacterization, including acid-base accounting(ABA), paste pH, total sulphur, sulphate sulphur,sulphide sulphur, total carbon, total inorganiccarbon, siderite corrected Sobek neutralizationpotential (NP) and multi-element geochemistry(aqua-regia leach).As well, a suite of samples will be submitted formineralogical investigation in order to moreclearly determine the source and abundance ofNP mineralization in Yellowjacket Zone materials.Field-based kinetic tests collect and monitor thequality of contact water draining from the wastestockpiles at the Yellowjacket site.Field leach bin experiments closely l resembleactual conditions present with natural wastepiles, including site-specific climatic conditions,scale, grain size, and water-rock ratios.

Hydrogeological Test Wells Being DrilledUnder Supervision of BGC Engineering

HOLE # FROM (m) TO (m) WIDTH (m) GOLD (g/t)TOTALGOLD (g/t)+150 meshGOLD (g/t)–150 mesh9.14 10.00 0.86 5.34 4.12 3.0610.00 10.78 0.78 2.45 1.30 2.8811.00 12.00 1.00 0.60 0.58 0.06MET-1 12.00 13.00 100 1.00 119.60 115.23 10.2613.00 14.00 1.00 1.24 1.20 0.1316.00 17.00 1.00 0.80 0.48 0.5917.00 18.00 1.00 20.15 9.98 29.4818.00 19.00 1.00 5.25 3.99 3.3319.00 20.00 1.00 1.44 1.25 0.5721.34 22.2525 091 0.91 114 1.14 101 1.01 033 0.3322.25 22.86 0.61 23.35 21.05 2.9943.00 44.00 1.00 2.01 1.67 1.0944.00 45.00 1.00 0.50 0.47 0.1145.00 46.00 1.00 0.71 0.68 0.0946.00 47.00 1.00 0.59 0.53 0.19MET-2 9.50 10.00 0.50 0.48 0.34 0.2712.00 13.00 1.00 312.32 191.12 327.2313.00 14.00 1.00 16.14 13.21 8.1914.00 15.00 1.00 5.77 1.68 14.7417.00 18.00 1.00 1.02 0.57 1.0018.00 19.00 1.00 9.05 5.55 7.7122.25 25.00 2.75 1.46 0.76 0.7046.00 47.00 1.00 1.92 1.77 0.5649.00 50.00 1.00 0.81 0.35 2.0450.00 51.00 1.00 4.89 1.70 12.7655.00 56.00 1.00 1.24 0.34 3.5856.00 57.00 1.00 7.93 5.28 10.6255.00 56.00 1.00 1.24 0.34 3.58Drill HolesForMetallurgicalTestingMET-310.06 11.00 0.94 5.77 2.9 5.7411.00 12.19 1.19 0.49 0.4 0.2412.19 13.00 0.81 0.56 0.55 0.0536.00 37.00 1.00 51.07 34.6 57.6537.00 38.00 1.00 0.48 0.47 0.0338.00 39.00 1.00 4.01 3.21 2.2539.00 40.00 1.00 43.08 38.69 10.9740.00 41.00 1.00 26.75 11.58 57.6641.00 42.00 1.00 1.01 0.69 1.01

GnPyAuGnGnAuYellowjacketKnelson ConcentrateHeHigh Grade Composite 1G&T MetallurgicalG&T MetallurgicalPyHeGnAuMaHeAuGn*Au-Gold, Py-Pyrite,P Ma-Magnetite, He-Hematite,G&T MetallurgicalG&T MetallurgicalGn-GangueGMetallurgy Test Conclusions• The most important conclusion obtained from the metallurgicaltest work conducted by G&T Metallurgical Services, was the factthat the high grade gold zones can be processed using gravity-only extraction methods.• During the bulk sample test no chemicals or additives were usedin the processing or extraction of the gold.

OVERBURDEN EXCAVATION FROM PIT AREA

CHANNEL SAMPLING OF BEDROCK SURFACE

SAMPLE#GOLD g/t(TOTAL)GOLD g/t(+150 MESH)GOLD g/t(-150MESH)GOLD g/t(-150 MESH)DUPLICATE2 METRE CHANNEL SAMPLE RESULTS FROM CENTRAL AREACHANNEL SAMPLERESULTS350943 4.99 13.43 1.71 2.11350979 5.45 1.72 5.01 4.64350980 4.61 2.78 3.91 4.45350981 23.31 2.21 22.73 8.35350999 15.07 20.73 10.01 12.20351000 195.32 38.69 185.40 99.14351104 36.00 94.84 12.52 13.17351139 4.40 9.65 1.63 1.90351160 5.43 1.75 4.99 4.98351161 311.27 443.18 201.30 238.10351208 4.15 7.91 2.22 0.56351307 4.07 11.68 1.04 0.822 METRE CHANNEL SAMPLE RESULTS FROM WEST END350785 90.61 179.91 45.29 47.122 METRE CHANNEL SAMPLE RESULTS FROM EAST END351365 39.58 49.36 26.92 19.18351555 6.16 11.26 3.34 2.75351556 10.01 10.54 7.37 8.51

CHANNEL SAMPLING OF BEDROCK SURFACE

Ramp toProcessPlant2007 PitPlan View of 2007 Pit and 2009 Projected Pit Outlines

Future Mining AreaBulk Sample PitBulkSampleStockpilesCurrent (Tailings) Settling PondDiversionChannelKnelson Process PlantPine CreekFuture (Tailings) Settling PondAccessRoadLooking south across the Atlin Gold Project – Yellowjacket Zone2008

KNELSON CONCENTRATORPreliminary Flow Sheet

Pit and Plant AreaCreek Diversion Route

PLANT SITECREEK DIVERSION250 TONNE STOCKPILES

UNIQUE?1 - BC SMALL MINES ACT PERMIT APPLICATION- PROJECT SITE ALREADY DEVELOPED AND INFRASTRUCTUREIS IN PLACE- IN AN AREA WITH 110 YEARS OF HEAVY DISTURBANCE BYPLACER MINING (DE-REGULATED CREEK)- SIMPLE GRAVITY CONCENTRATING GOLD RECOVERY PLANT –NO CHEMICALS OR ADDITIVES USED- ML/ARD STUDIES SHOW WASTE AND ORE ROCK ARE NON-ACID GENERATING- GOOD RELATIONSHIP WITH LOCAL FIRST NATIONS

2 – OPERATIONAL COSTSUNIQUE?- MAJORITY OF CAPITAL COSTS ALREADY PAID- MILLING COSTS ARE ~1.5 g/t GOLD- MINING COSTS ARE OFFSET BY PLACER GOLD PRODUCTION- RECLAMATION COSTS ARE LOW (NO SOILS OR VEGETATION)ALONG DE-REGULATED PLACER CREEK- GOOD INFRASTRUCTURE INCLUDING POWER- LOCAL WORKFORCE AND SERVICE/SUPPLY CONTRACTORS

… but the Gold helps !It’s about the people …