Properties

Overview

Central's Selwyn Creek properties are located in the Dawson Range/White Gold District, south of the Yukon River, roughly 200 km south-east of Dawson City, Yukon. The Properties consist of four separate claim groups (L, M, N, O) comprising 755 mineral claims (~15,790 hectares) which are situated along an apparent north-west trending structural corridor which includes Kaminak Gold's Coffee discovery, Silver Quest's Prospector Mountain project, Western Copper's Casino deposit, and Northern Freegold's FreeGold Mountain resource.

This area of the Yukon is known for its historical mining of placer gold deposits and more recent discoveries of epithermal style lode gold and porphyry related copper-gold-moly mineralization. Gold and copper prospects along this trend vary from early stage discoveries, to million ounce resources, to advanced stage mine development projects. Underworld Resources' discovery of the Golden Saddle gold deposit in 2008 and the subsequent friendly take over of this million ounce resource by Kinross Gold in 2010 has demonstrated the high prospectivity and underexplored nature of the region.

Selwyn Creek

The Selwyn Creek claims are generally underlain by metasedimentary and metavolcanic rocks (schists and gniesses) of inferred Devonian to Mississippian age, which are intruded by numerous younger Mesozoic granitic plutons (granodiorites) associated with copper, molybdenum and gold mineralization.

The claims were staked by Strategic Metals Ltd. to cover areas of historic anomalous stream sediment and soil geochemistry identified by Archer Cathro and Associates Ltd. in the 1970's and 80's. Central has an option to purchase 100% ownership of these Properties (subject to a 3% NSR) by making staged payments totaling $300,000 cash and 3 million shares by Feb 2012.

Central's first program of additional soil sampling and follow up prospecting was conducted on the properties in 2010, and this work has outlined several areas of strongly anomalous gold in soils on the "L" and "O" claim blocks, as well as weak to moderate anomalies on the peripheral claim blocks. The original J and K claim blocks were also consolidated into the larger L block which was expanded by additional staking.

L Block

On the L Block, a 1000m long +50ppb gold in soil anomaly was identified in the East Zone, apparently associated with felsic intrusives which cut brecciated metasedimentary rocks. In the West Zone, anomalous gold is associated with similar felsic intrusives. Anomalous values of arsenic were also discovered in brecciated metasediments in the southern property area.

Over 1300 soil samples have been collected to date from first pass grids and contours with results as high as 523 ppb gold and 1045 ppm arsenic. An initial interpretation of regional structure and government airborne magnetic surveys also shows several areas of interest, generally coincident with existing geochemical anomalies. These mag and geochem anomalies, associated intrusive/metasedimentary contacts and inferred regional structures suggest good potential for discovery of significant mineralization on the "L" Block.

O Block

On the O Block, some 340 soil contour samples were collected in 2010 returning results as high as 300 ppb gold and 587 ppm arsenic. In the northern property area, anomalous values of 128 to 291 ppb gold were returned from a recessive area of quartz-carbonate vein subcrop which returned grab sample assays up to 2.48 g/t gold.

In the southern property area, historic grab samples of similar quartz-carbonate veins returned values as high as 6.5 g/t gold and 1936 ppm silver just beyond the property boundary. Additional staking has since been completed to cover this area and more detailed soil and rock sampling and prospecting will be conducted in 2011 to better define these prospective vein structures.

Maps & Photos