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|   Ogopogo, Alaska Project
Project Overview Golden Predator has agreed to acquire a 100% interest in the Ogopogo gold project located in east-central Alaska in the Goodpaster Mining District, 150 km southeast of Fairbanks in the heart of the Tintina Gold Belt. The Ogopogo project is four kilometers from the Sumitomo-Teck Pogo deposit. The Ogopogo project consists of 51 State of Alaska mining claims covering 5,515 acres and is subject to a 0.5% NSR royalty owned by the original locators. Golden Predator has also agreed to grant a 2.0% NSR which may be reduced to 1% under certain circumstances. The previous operator, Copper Ridge Explorations, completed geological and geochemical exploration programs on the property, with results as outlined below. Historical Exploration On the Ogopogo project, under Copper Ridge Explorations, two phases of work were completed in 1999 and a third phase in 2000. In 1999, Phase I steam sediment and coarse fraction sampling revealed weak to strong gold mineralization across the southern part of the project with four sample sites above 100 parts per billion ("ppb") gold. Stream sediment geochemistry also showed the block to be anomalous in arsenic, copper, tellurium and bismuth. The strongest anomalies lie in the southern and western portions of the block. Anomalous metals detected in the 1999 Phase II soil samples included gold (up to 273 ppb), arsenic, bismuth, lead, antimony and tellurium. Gold and pathfinder element anomalies detected in Phase II work indicate that some of the anomalies are very likely sourced on the Ogopogo land block. Four target areas, the West, Central, East and North grids were identified based on the results of the 1999 work programs. A detailed soil sampling program and prospecting was completed in 2000 over the West and East grids. Several areas with anomalous gold and other pathfinder elements were defined. Specifically, the highest value on the West grid was 125 ppb gold in a sample that also had 336 parts per million arsenic. Other soil samples in the immediate area also had anomalous gold values. Another separate cluster of anomalies on the West grid also returned anomalous gold values, the highest being 51 ppb gold. On the East grid two clusters of anomalous gold values occurred. Geology and Mineralization The Ogopogo gold project is located in a highly deformed north-westerly trending belt of Precambrian to Paleozoic schists of the Yukon Tanana Terrain which have been intruded by Cretaceous to Tertiary felsic to intermediate plutons. This belt of rocks is bounded on the north by the Tintina fault and on the south by the Denali fault. Offset along these continental scale right-lateral structures is on the order of 450 km. Rocks between these two structures are cut by conjugate northeast and northwest trending structures at both the district and prospect scales. The Ogopogo land block is hosted primarily by two rock types. One is a medium to coarse-grained equigranular to porphyritic granodiorite to quartz monzonite of the Goodpaster batholith. A potassium-argon age of 92 million years was collected from this pluton and is comparable to other Tombstone (Tintina Gold Province) suite intrusives associated with gold mineralization elsewhere in Alaska and the Yukon Territory. The second group of rocks is variably deformed well-banded gneiss and amphibolite-grade schists and quartzites correlative with those which host the 5.5 million ounce Pogo gold deposit to the southwest. These rocks are believed to be part of a large gneiss dome complex centred 20 miles west of the Ogopogo property and offset from it by the regional scale Shaw Creek fault. The structural fabric of the Ogopogo project area is dominated by the regional scale northeast trending Shaw Creek fault and conjugate northwest trending structures. Less well understood fault orientations include north-northeast and east-west high angle structures and poorly expressed low angle gravity structures. No significant mineralization has been identified within the Ogopogo claim block. The target is gold within quartz veins as identified in the Pogo deposit or similar to the gold occurrences demonstrated by a number of deposits within the Tintina Gold Province, associated with auriferous Cretaceous intrusions, such as Fort Knox, True North or Ryan Lode. Golden Predator intends to invite interested parties to joint-venture this promising project which requires significant work in order to identify priority drill targets. Golden Predator's agreement to acquire the Ogopogo Gold Project is subject several conditions, including satisfactory title review and the execution of formal documentation. Technical Report
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