Cross Sections:

Long Sections:

Highlights:

• High-grade gold target
• 70+ holes drilled
• 2007 highlight: 3.84 g/t gold over 27.60 meters including 10.62 g/t over 8.30 m
• Excellent infrastructure – located near large scale deposits and mines

Target: Gold 

Location: 

The Fran property is located in central British Columbia approximately 60 kilometres north of the city of Fort St. James.  The region is well known for its abundance of large scale deposits and mines, most notably the Mount Milligan deposit which is located 30 kilometres northeast of the property and the Kemess South mine located approximately 250 km to the north.  The original Fran property consisted of eight mineral claims covering approximately 4,000 hectares.  Recent staking to the east, south and west has expanded the property to 10,200 hectares in area.

Figure: Property Location

Figure: Regional Geology

Ownership: 100% 

History:

Yankee Hat has completed four exploration campaigns on the property since work began in 2004.  To date, exploration and drilling has been largely focused on an area in the west central portion of the property known as the “Bullion Alley Trend” and within this trend a target known as the “North Contact Zone.”

Figure: Area of Focus

Figure: North Contact Highlights

Geology:

The Fran Property lies within the Quesnellia Terrane of the Canadian Cordillera and is underlain by Takla Group (Late Triassic-Early Jurassic) sedimentary and volcaniclastic rocks intruded by dykes and small stocks of monozonite, monzodiorite, diorie and more felsic porphyries.  The Bullion Alley trend features auriferous (fracture controlled) quartz-sulfide veins and wallrock replacements which have some strong similarities with those in the historic Rossland gold camp in southeastern British Columbia.  These quartz-sulfide veins are associated with the majority of the multi-gram gold intercepts (±Ag, Cu, Pb and Zn) and occur both in intrusive and country rock (hornfels) settings along the trend.

2004/2005 Exploration:

In 2004, Yankee Hat completed a property scale airborne geophysical survey and detailed geological, geochemical, and prospecting surveys on the Bullion Alley trend.  This was followed up in 2005 with road building, trenching, induced-polarization-magnetic geophysical surveys and two phases of diamond drilling totalling 3,000 meters. 

The 2005 drilling results indicated multiple gold mineralized zones (with copper, silver, local lead, zinc) the most favourable of which was the North Contact Zone.

2006 Drilling Program:

In 2006, 16 holes totalling 2,000 meters were drilled to test the North Contact Zone with encouraging results.

Figure: 2006 Drilling Highlight (North Contact Zone)

The 2006 program focused on mineralization on the eastern and western edges of the North Contact and showed that the zone had the potential to extend to greater than 1,000 meters in strike length.

2007 Drilling Program:

Following the success of the 2006 drilling program, in 2007, 17 holes totalling 3,400 meters were drilled at the North Contact Zone. 

Figure: 2007 Drilling Highlights (North Contact Zone)

In addition to receiving some of the best intersections encountered to date, the company was able to achieve the two main objectives it set out at the beginning of the program:

1. In-fill drilling closed a 250 meter gap that was left between the western (FR-06-50A) and eastern (FR-06-62) halves of the North Contact system at the end of the 2006 program; effectively joining the system.

2. Exploratory drilling west of FR-06-55 increased the strike length of the deposit by 200 meters.

The North Contact Zone has now been confirmed to be continuously mineralized over a total strike length of 1,200 metres and remains open for expansion in both strike directions.  Based on the success of the 2007 drilling program Yankee Hat is currently planning an expanded exploration program for 2008.