Properties

Overview

Central's White Gold Properties are located in the Dawson Range, south of the Yukon River, roughly 200 km south-east of Dawson City, Yukon. The Properties consist of six separate claim groups comprising 522 mineral claims (13,050 hectares) which are situated along an apparent south-east trending 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.

Central's White Gold Properties are generally underlain by metasedimentary and metavolcanic rocks (schists and gniesses) of inferred Devonian to Mississippian age, which are intruded by numerous Mesozoic granitic plutons (granodiorites) associated with copper, molybdenum and gold mineralization.

The Properties were staked by Strategic Metals Ltd. to cover areas of known anomalous stream sediment and soil geochemical surveys. 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.

An initial program of follow up prospecting and additional soil sampling is being conducted on the Properties this summer, with the goal of defining and prioritizing prospective trenching and drilling targets for subsequent testing next year.