Projects

Company projects are centered on properties in the Bralorne area of BC Canada. Canada is well known for gold production and also for having some of the most prolific properties in the world. Little Gem was originally discovered in 1934 and has only developed at a moderate rate since then. New technology and increased access make this a significant project.

HAMMERFEST projects have been thoroughly examined and presented by mining engineers Al Beaton and Roger McClay of British Columbia Canada. Mr. Beaton is the Company's Senior Mining Engineer and will be heading up all of the companies mining activities.

Brief Description of our Little Gem Property

Hammerfest Mining has agreed to option:

"..... a property in the Gun Lake area of the historic Bralorne-Goldbridge gold camp. Cobalt-gold mineralization with minor associated uranium is partially developed by three adits in the Gold Bridge area. The vein-type mineralization is hosted in granitic rocks of the Coast Range Igneous Complex and is part of the Bridge River gold mining district (Church, 1995). Mineralization consists of massive sulpharsenides, containing the cobalt and associated gold and is a mixture of the cobalt-bearing variety of arsenopyrite (danaite) and loellingite-safflorite. A previous operator reported a high-grade resource of 9425 tons (8570 tonnes) grading 0.67 oz. /ton (23 g/t Au), 2.97% Co and 0.25% U (Allen, 1956), calculated after the 1956 underground program. The 1956 estimate was based on surface and underground channel sampling and diamond drilling within an area approximately 40 metres in length and 20 metres vertical extent. This mineralized pod remained open for expansion along strike and to depth. It must be emphasized however that the two aforementioned Historical Resource Estimates do not comply with current NI43-101 criteria and should not be relied upon.

The mineralized structure has been traced for a length of 300 metres and over a vertical extent of 160 metres and most of this structure has not been tested. There are two possibilities for expansion of these resources; firstly, there is potential to discover additional high-grade pods and/or to extend the known zone. Secondly, the previous resource calculations have only considered the high-grade massive to semi-massive sulphide mineralization - there has been no testing as yet for a zone composed of disseminated mineralization of moderate grade and tonnage."

"This report complies with the 43-101 format and may be used for disclosure in fundraising over $250,000."

J. T. Shearer, M.Sc., P.Geo.

To see the entire technical report click here.