Kirrin Resources Project Map

Principal Properties

Alexis River Lost Pond Bottom Brook REE Grevet REE Key Lake SW

Alexis Uranium Project

The Alexis River property in south eastern Labrador has the most remarkable lake sediment readings in the Province – over 0.1% U3O8 in lake bottom sediment. The property was drilled by Kirrin in 2008 and the best intercepts were 0.754% U3O8 across 0.2 m at 58.9 m depth and 0.188% U3O8 across 0.85m at 197.7 m. One uranium consultant described Alexis River as ‘probably one of the best grass-roots properties we know of outside the Athabasca, in an exploration friendly environment and relatively close to infrastructure’. The expected deposit is vein-type, as indicated by high uranium grades in Anomaly Lake, and possibly structural through the lake. The property is not affected by the Inuit Labrador moratorium. Kirrin expects to complete more detailed interpretation of selected airborne geophysical, hydrological, regional geochemical and geological data during 2010 and 2011, to be followed by additional prospecting, sampling and possibly expanded airborne or follow-up ground geophysical surveys.

Lost Pond Uranium Project

TThe Lost Pond property in western Newfoundland is the location of the Lost Pond uranium project and the Bottom Brook REE project. Initial prospecting determined a 200 m wide uranium mineralisation zone and drilling discovered 0.045% U3O8 over 12.3 m core length at 72 m depth. Kirrin’s 2008 drilling extended the uranium discovery by targeting the down-plunge extent of the zone and hit the target at 235.4 m, resulting in an intersection of 0.038% U3O8 over 20.1 m. The expected deposit type is a structurally controlled uraniferous breccia zone.

The proposed 2010 program comprises a 1,500 m drill program to test the continuation of the uranium bearing Cataclastite Zone at depth and down plunge. The program would consist of 5 holes of BQ-TK sized core, each approximately 170 to 380 m in length.

Bottom Brook REE Project

The Bottom Brook REE project is located in western Newfoundland, 30 km east of Stephenville. Access, for the most part, is excellent via a 5 km long woods road leading west from the Trans Canada Highway. The Bottom Brook REE showing was found during airborne radiometrics follow-up of a historic uranium showing discovered by Shell Minerals in 1980. The mineralization is associated with a coincident radiometric and bulls eye magnetic high. Subsequent trenching and grid work outlined the zone as two discrete magnetic highs with a combined strike length of 250 meters.

Two drilling programs – 12 holes of average 150 m depth – produced up to 15% composite Total Rare Earth Oxide (TREO). A prospecting program in 2009 expanded the area of mineralization and there are now 9 REE targets at Bottom Brook. The proposed 2010 program will follow-up the work on these 9 targets with a combination of drilling and trenching.

Grevet REE Project

Kirrin has an option to earn a 100% interest in the Grevet REE property located in north-western Quebec, Canada. There is excellent access via provincial road 113 as well as logging roads. A CN railway line bisects the property. The geological data for the Grevet REE property has been reviewed by Dr. David Lentz of the University of New Brunswick, who is a consultant to Kirrin. Dr. Lentz suggested that, because of the ferroan carbonatite association with magnetite, the Grevet REE property may have some geological similarities to the large Bayan Obo REE-bearing carbonatitic body in inner Mongolia, China. Bayan Obo is the world’s largest REE deposit, containing about 70% of the world’s known REE reserves.

Interest in the REE potential of the Grevet area began in 1988 when the Ministry of Energy and Resources of Quebec identified carbonatite occurrences. The chemical analysis of the samples collected 2000-2002 revealed the attractive REE chemistry, with results for the rock samples ranging up to 5.89% light rare earth oxides (LREO) and survey results producing niobium (Nb), yttrium (Y), cobalt (Co), nickel (Ni) and rubidium (Rb) anomalies.

Key Lake SW Uranium Project

The Key Lake Southwest (Key Lake SW) uranium property is located on the southeastern margin of the Athabasca Basin in northwestern Saskatchewan and comprises eight contiguous mineral claims that encompass 36,287 ha. The northern perimeter is adjacent to the Orchid Lake property held by Forum Uranium and the Riverlake property held by Triex Minerals. The southeastern perimeter is adjacent to the Key Lake Road property held by Forum Uranium. The northeast tip of the property is about 24 km southwest of the former Key Lake Gaertner and Deilmann uranium-nickel ore bodies.

The eastern margin of the Athabasca basin is home to the most productive uranium mines in the world with roughly 25% of the world’s uranium production coming from this area. Kirrin’s target is basement-hosted unconformity-type uranium. Pan Ocean drilling in 1978 intersected extreme kaolinization and regolith in one hole and in two other holes there is possible regolith that indicates the proximity of the Athabasca Group basal unconformity.

Kirrin has contracted for a 1,076 line-kilometre magnetic-electromagnetic airborne survey of Key Lake SW using the Tempest® Digital Time Domain Electromagnetic (DTDEM) system.

Principal Properties Alexis River Lost Pond Bottom Brook REE Grevet REE Key Lake SW
Alexis Uranium Project The Alexis River property in south eastern Labrador has the most remarkable lake sediment readings in the Province – over 0.1% U3O8 in lake bottom sediment. The property was drilled by Kirrin in 2008 and the best intercepts were 0.754% U3O8 across 0.2 m at 58.9 m depth and 0.188% U3O8 across 0.85m at 197.7 m. One uranium consultant described Alexis River as ‘probably one of the best grass-roots properties we know of outside the Athabasca, in an exploration friendly environment and relatively close to infrastructure’. The expected deposit is vein-type, as indicated by high uranium grades in Anomaly Lake, and possibly structural through the lake. The property is not affected by the Inuit Labrador moratorium. Kirrin expects to complete more detailed interpretation of selected airborne geophysical, hydrological, regional geochemical and geological data during 2010 and 2011, to be followed by additional prospecting, sampling and possibly expanded airborne or follow-up ground geophysical surveys. Lost Pond Uranium Project TThe Lost Pond property in western Newfoundland is the location of the Lost Pond uranium project and the Bottom Brook REE project. Initial prospecting determined a 200 m wide uranium mineralisation zone and drilling discovered 0.045% U3O8 over 12.3 m core length at 72 m depth. Kirrin’s 2008 drilling extended the uranium discovery by targeting the down-plunge extent of the zone and hit the target at 235.4 m, resulting in an intersection of 0.038% U3O8 over 20.1 m. The expected deposit type is a structurally controlled uraniferous breccia zone. The proposed 2010 program comprises a 1,500 m drill program to test the continuation of the uranium bearing Cataclastite Zone at depth and down plunge. The program would consist of 5 holes of BQ-TK sized core, each approximately 170 to 380 m in length. Bottom Brook REE Project The Bottom Brook REE project is located in western Newfoundland, 30 km east of Stephenville. Access, for the most part, is excellent via a 5 km long woods road leading west from the Trans Canada Highway. The Bottom Brook REE showing was found during airborne radiometrics follow-up of a historic uranium showing discovered by Shell Minerals in 1980. The mineralization is associated with a coincident radiometric and bulls eye magnetic high. Subsequent trenching and grid work outlined the zone as two discrete magnetic highs with a combined strike length of 250 meters. Two drilling programs – 12 holes of average 150 m depth – produced up to 15% composite Total Rare Earth Oxide (TREO). A prospecting program in 2009 expanded the area of mineralization and there are now 9 REE targets at Bottom Brook. The proposed 2010 program will follow-up the work on these 9 targets with a combination of drilling and trenching. Grevet REE Project Kirrin has an option to earn a 100% interest in the Grevet REE property located in north-western Quebec, Canada. There is excellent access via provincial road 113 as well as logging roads. A CN railway line bisects the property. The geological data for the Grevet REE property has been reviewed by Dr. David Lentz of the University of New Brunswick, who is a consultant to Kirrin. Dr. Lentz suggested that, because of the ferroan carbonatite association with magnetite, the Grevet REE property may have some geological similarities to the large Bayan Obo REE-bearing carbonatitic body in inner Mongolia, China. Bayan Obo is the world’s largest REE deposit, containing about 70% of the world’s known REE reserves. Interest in the REE potential of the Grevet area began in 1988 when the Ministry of Energy and Resources of Quebec identified carbonatite occurrences. The chemical analysis of the samples collected 2000-2002 revealed the attractive REE chemistry, with results for the rock samples ranging up to 5.89% light rare earth oxides (LREO) and survey results producing niobium (Nb), yttrium (Y), cobalt (Co), nickel (Ni) and rubidium (Rb) anomalies. Key Lake SW Uranium Project The Key Lake Southwest (Key Lake SW) uranium property is located on the southeastern margin of the Athabasca Basin in northwestern Saskatchewan and comprises eight contiguous mineral claims that encompass 36,287 ha. The northern perimeter is adjacent to the Orchid Lake property held by Forum Uranium and the Riverlake property held by Triex Minerals. The southeastern perimeter is adjacent to the Key Lake Road property held by Forum Uranium. The northeast tip of the property is about 24 km southwest of the former Key Lake Gaertner and Deilmann uranium-nickel ore bodies. The eastern margin of the Athabasca basin is home to the most productive uranium mines in the world with roughly 25% of the world’s uranium production coming from this area. Kirrin’s target is basement-hosted unconformity-type uranium. Pan Ocean drilling in 1978 intersected extreme kaolinization and regolith in one hole and in two other holes there is possible regolith that indicates the proximity of the Athabasca Group basal unconformity. Kirrin has contracted for a 1,076 line-kilometre magnetic-electromagnetic airborne survey of Key Lake SW using the Tempest® Digital Time Domain Electromagnetic (DTDEM) system.