Triple Dragon Resources Inc. - Camlaren Property

Murray Project

May Property

Camlaren Property

Overview:

The Camlaren Property includes the past producing Camlaren gold mine, as well as other gold showings. Gold production commenced at the Camlaren Mine in 1963 when more than 11,000 tons of ore was trucked to the Discovery Mine, located 40 km to the northwest, and approximately 15,000 ounces of gold was produced. Noranda Mines Ltd. contracted the Mining Corporation of Canada Limited to erect a temporary milling plant on the property in 1980. The mine was developed to a depth of 1,000 feet (300 metres) and approximately 20,000 ounces of gold was produced from 1980 to 1981. During its two operational periods, the mine reportedly produced over 35,000 ounces of gold at an average grade of 0.57 oz/ton gold (19.54 g/t) and over 5,000 ounces of silver at an unreported grade.

In 1980, drilling was conducted below the 1,000-foot level by Discovery Mines Ltd. with promising results:

Hole U-80-1: depth of 1,060 feet, 1.63 oz/ton gold (55.89 g/t) across 12.9 feet
Hole U-80-2: depth of 1,120 feet, 2.65 oz/ton gold (90.86 g/t) across 21.2 feet
Hole U-80-3: depth of 1,155 feet, 0.35 oz/ton gold (12.00 g/t) across 12.0 feet

The Camlaren Property includes two other historic gold showings, the "H-Vein", less than ½ km west of the Camlaren Mine, and the "No. 31 Vein", on Zenith Island about 1½ km west-southwest of the mine. These veins are similar in character to the Hump Vein historically mined at Camlaren.

The H-Vein reportedly ranges in width from 5 to 30 inches and is exposed over 110 feet, extending across an unnamed island. Surface samples have been reported to contain up to 2.09 oz/ton gold (71.66 g/t). The No. 31 Vein appears as irregular, discontinuous, quartz vein lenses. Trench samples have returned values from 0.014 to 0.254 oz/ton gold (0.48 to 8.71 g/t).

Location and Access:

The Camlaren Property consists of two mineral claims covering approximately 2,425 acres located 80 kilometers northeast of Yellowknife and 6 kilometers east-southeast of the company's wholly owned Murray Property. The claims cover lands along Gordon Lake and border the winter road to the Diavik and Ekati diamond mines. The company acquired 100% of the claims by staking.

Geology:

The geology of the Camlaren Property is similar to that of the Murray Property. The claims are underlain by metaturbidites of the Archean Burwash Formation, and the area is considered favorable for turbidite-hosted quartz vein gold deposits. Gold mineralization is commonly accompanied by sulphides and appears structurally controlled, contained within veins formed by folding.

Notable examples of similar deposit types include the Meguma Group deposits in Nova Scotia, which produced in excess of 1.5 million ounces of gold, and the Bendigo District deposits in Australia, which have produced in excess of 12 million ounces of gold. The grades of these types of deposits commonly range from 5 g/t to more than 30 g/t gold.

The Company has not undertaken any independent investigation of the historical information detailed above nor has it independently analyzed the results of the previous exploration work in order to verify the reported results and therefore the historical information should not be relied upon. The Company believes that the historical information provides a conceptual indication of the potential of the properties and is relevant to ongoing and future exploration.

History of Exploration

Year	Description

1981	Milling of ore above the 1000 foot level was completed producing 15,760 oz of gold.
1980	The shaft was deepened 200 feet to a total depth of 1050 feet. 12,282 tons of ore was milled at 0.472 oz/ton. This produced 4,738 oz of gold and 1,291 oz of silver.
1979	The property was leased to Noranda Mines Ltd. and Pamour Porcupine Mines.
1974	The shaft was deepened to 833 feet. Development included 490 feet of drifting on the 800 foot level and sufficient diamond drilling to outline the ore body to 985 feet.
1964	Majority interest in Camlaren Mine was passed to Discovery Mines Ltd.
1963	11,000 tons of ore were mined to produce 14,811 oz of gold and 3,977 oz of silver. The ore was processed at the Discovery mine mill.
1962	An agreement was negotiated with Discovery Mines Ltd. located 40 km to the northwest, whereby the company would mine the ore above the 350-foot level and evenly split the profits with Camlaren Mines.
1958	Consolidated Northlands Mines Ltd. optioned the claim and conducted surface exploration.
1937	Camlaren Mines Ltd. was organized to develop the property. Diamond drilling totaling 14,994 feet was completed. A two-compartment vertical shaft was sunk to a depth of 380 feet in the Hump vein. Drifts and crosscuts at the 200 and 350 foot levels totaled 2,241 feet.
1936	The property (Bingo and Camlaren claims) were staked and held jointly by AX syndicate and the Mining Corporation of Canada Ltd. They later became subsidiaries of Noranda Mines and Pamour Porcupine Mines Ltd.

Photos:


The old Camlaren mine as it looked in 1981 after it was reactivated by Noranda Mining.	The Camlaren Mine at Gordon Lake in 1981. At that time it was being operated by Noranda.

Maps:

Property Location
(click to enlarge)


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