Nunavut: 60 49' N 101 54' W on NTS 65C 13. The property is 283 km NE of Stony Rapids, SK - the nearest point by road.

The property occurs in the western end of the Ennadai Lake Greenstone Belt. Rocks on the property consist of north-dipping Archean bimodal metavolcanics overlain by metaturbidites. Sulphide mineralization occurs at the top of the volcanic sequence immediately above felsic to intermediate flows and tuffs. The sulphide mineralization appears to occur in a single horizon, 1700 m along strike, from 1 to 25 m thick in mineralized drill intersections and open at depth below 150 m.

The property was staked and explored by Phelps Dodge in 1973 and later with Gulf Minerals Canada Ltd. Exploration consisted of 36 drill holes; ground EM and total magnetic field surveys; and mapping, trenching and sampling. The property lapsed and was restaked by Panarc Resources Ltd. in 2012 who conducted a brief mapping and prospecting program on the property later in the year.

Phelps Dodge defined a non 43-101 compliant resource of ~1Mt @ 1.97% Cu and 2.06% Zn from 25 drill holes and surface exposures.

Brochure and historic reports available upon request.