Malawi NI 43-101 - December 2011 - Gold Canyon Resources Inc.

154 PROPERTY DESCRIPTION AND LOCATION(a) Area of propertyExclusive Prospecting Licence EPL 0325/11 (Figure 8) has a rectangular shape about40 km E-W and 27 km N-S, minus a small triangular area at the SE corner. According tothe licence document the area of the Property is 1, 050 sq km.(b) Location of propertyThe general location of the Property in southernmost Malawi is shown on Figure 3and in more detail in Figure 4 and 5. The Property is covered by the “Blantyre” 1:250,000scale topographic map and the 1:100,000 scale “Mlanje” geological map sheet. ChambeBasin is covered by the 1:50,000 scale “Mulanje” topographic sheet 1535D3. Theapproximate latitude and longitude at the centre of the Property is 15˚ 57’S, 35˚ 37’ E. TheProperty boundaries are defined in the licence document by the UTM coordinates (Zone36L, Clarke (1880) modified spheroid) listed in Table 1.Table 1 Property boundariesCornerEasting NorthingmmA (NW) 760000 8247000B (NE) 800000 8247000C (SE) 800000 8226000D (SE) 790000 8220000E (SW) 760000 8220000(c) Type of mineral tenure, identifying numberThe Property is an “Exclusive Prospecting Licence” EPL (no 0325/11) issuedon 18 th March of 2011 by the Government of the Republic of Malawi acting through theMinister of Natural Resources, Mining, Energy and Environment.Licence EPL 0325/11 was issued for exclusive rights to carry out prospecting forREE and bauxite.