Abitibi Mining Corporation - Tannahill

Tannahill

Overview

Location:	35 km NE of Kirkland Lake, Ontario.
Size:	816 ha (30 claims, 51 units)
Target Minerals:	Gold

Three holes below the 75-m level along 100 m of strike length have excellent widths with high gold grades (5.16 g/t over 5.0 m in drill hole T-96-9 and 7.02 g/t over 3.7 m in drill hole T-96-15).
• The gold bearing zones intersected on the Tannahill property are described as being carbonatized and albitized mineralized zones that bear a striking resemblance to the albitized gold bearing zones at the Holloway Mine 16 km to the north.
• The Lightening Zone at the Holt McDermott was discovered by deeper drilling on a previously modest sized deposit. The grades from the better drill holes are similar in grade and tenor to the Holloway and Holt McDermott Mines.

Regional Exploration and Production:

The Tannahill Property has emerged as a highly prospective gold exploration target for Abitibi Mining Corporation, which is focused primarily on exploring mineral districts in Ontario. The Holloway Mine has produced 4.28 million tonnes of gold grading 5.7 g/t Au and the Holt McDermott has produced 1.37 million ounces of gold from 7.28 million tonnes grading 5.84 g/t Au.

Local Exploration:

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The Kirkland Lake camp has produced approximately 38 million ounces of gold. The property is favorably situated 16 km south of the past-producing Holloway and Holt-McDermott gold mines. The Tannahill property lies approximately 16 kilometers due south of two past gold producing mines, the Harker, Holloway and Holt McDermott Mines .

Property Geology:

The Tannahill property is underlain by a sequence of metamorphosed volcanic rocks, which in the southern portion of the property have been disturbed by a large syenite intrusion. Emanating from the intrusion and cross-cutting the host volcanic rocks are a series of radial syenite dykes, which are thought to have been formed when the syenite was intruded into the volcanic rocks, fracturing them. The radial fractures would be ideal passageways for the transportation of gold-bearing hydrothermal fluids and the deposition of gold mineralization. The gold bearing zones intersected on the Tannahill property are described as being carbonatized and albitized mineralized zones that bear a striking resemblance to the albitized gold bearing zones at the Holloway Mine 16 km to the north.

Historical Highlights:

Previous drilling has identified two parallel gold-bearing structures -- the Upper and Lower Zones -- oriented northeast and dipping to the north. The Lower Zone holds the greatest exploration potential and has been traced for approximately 300 m of strike length at the 25-m and 50-m levels and remains open in both directions. At depth the zones widen and grades increase dramatically. Three holes below the 75-m level along 100 m of strike length have excellent widths with high gold grades (5.16 g/t over 5.0 m in drill hole T-96-9 and 7.02 g/t over 3.7 m in drill hole T-96-15). The drilling appears to substantiate the hypothesis of gold emplacement along radiating fractures. The Upper and Lower mineralized zones exhibit similarities with the style of mineralization in the Holloway and Holt-McDermott mines.

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Tannahill

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