archeanstar 4pc
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SPIN-OFF FROM KEX – TSX:V
MeekatharraMurchison Gold
Province
GNAWEEDA PROPERTY
GNAWEEDA GOLD PROJECT Archean Star (ASR) is a 100% owned subsidiary of KEX
ASR optioned the Gnaweeda Gold Project from Teck Australia
70%/30% JV between Teck and Chalice
ASR can earn Teck’s 100% in Gnaweeda through AUD$3,000,000
Exploration Program
ASR 2010 Expenditure to date – AUD$750,000
GNAWEEDA GOLD PROJECT Phase I DD program completed (peak 1m @ 120 g/t Au)
Teck/Archean have currently diluted Chalice to 24%
End of 2010 Program expenditure Chalice dilution down to 20%
End of Total ASR Exploration – Chalice diluted out
ASR Planned spin-off from KEX
Phase II to commence upon spin-out/funding
SPIN-OFF RATIONALE Minimize dilution in parent Company
fund programs more effectively
ARCHEAN Gnaweeda: 3 significant zones to develop
(Australia) $3,000,000 Minimum/4 years
Year 1 exploration substantially complete(AUD$750,000 to October 30, 2010 already expended)
Potential: One or more 1,000,000 + ounce/Au deposits
GNAWEEDA GOLD PROJECT
MURCHISON PROVINCEMEEKATHARRA GOLD BELT
3.5 Million oz/Au Historic Mined from open Pits ( Meekatharra Paddy’ s Flat, Reedy & Bluebird) with1.6 Million oz/Au Resource remaining at 6+ g/t Au (Mill at Bluebird)
Road Accessible - Beside Great Northern Highway
13 km (approx) from Meekatharra Airport
MURCHISON PROVINCEMEEKATHARRA GOLD BELT
Gnaweeda - Archean/TeckApprox 25 km x 5 km – 17,000 ha18 m @ 12.4 g/t Au (incl 4 m @ 39 g/t Au, incl 1m @ 120 g/t Au)
3 Known Gold Zones Turnberry, St Anne’s, Bunarra
Doray Minerals – New discovery - 4m @ 120 g/t Au
Meekatharra Paddy’ s Flat, Reedy & Bluebird
GEOPHYSICS TARGETS
3 Known Gold Prospects Turnberry St Anne’s Bunarra
11 Probable Gold Prospects Including CGS-011
Significant Structural – Alteration Target
TURNBERRY ZONE2.5 KM X 750 M
Turnberry
St. Anne’s
Bunarra
Turnberry
Historic
Teck
TURNBERRY1m @ 69.6g/t Au*
4 m @ 17.77 g/t Au
3 m @ 11.87 g/t Au
8m @ 9 g/t Au, incl. 2m @ 34g/t Au
3 m @ 8.27 g/t Au – Phase I Complete
12 m @ 6.97 g/t Au
9 m @ 4.51 g/t Au
16 m @ 2.46 g/t Au - Phase I Complete
20 m @ 2.2 g/t Au*
16m @ 1.2g/t Au, incl. 1m @ 11.1g/t Au*
44m @ 0.6g/t Au and 1m @ 18.9g/t Au*
*historic – not NI-43-101-compliant
BUNARRA ZONE18 KM SOUTH OF TURNBERRY
Turnberry
St. Anne’s
Bunarra Significant new discovery
1m @ 120.10 1m @ 6.94 1m @ 0.01 1m @ 7.24 1m @ 45.00 1m @ 0.04 1m @ 0.01 1m @ 24.20 1m @ 0.48 1m @ 0.53 1m @ 0.25 1m @ 0.77 1m @ 11.70 1m - 1m @ 0.18 1m @ 9.38 1m @ 0.03 1m @ 0.93
18m @ 12.34
Historic
3m @ 4.1 g/t Au from 24m, incl. 1m @ 10g/t Au*
5m @ 7.02 g/t Au from 30m, incl 2m @ 15 g/t Au*
Phase I Drill Program -New Discovery
18 m @ 12.34 g/t Au – inc 4 m @ 39.0
BUNARRA ZONE
New Discovery
SUMMARY & CONCLUSION(KEX-TSX-V ARCHEAN –TSX-V OR TSX)
• 12,500,000 Archean Shares Post Spin-Out Issued:
• Kent Shareholders Pre-Financing - (1 Archean for 4 Kent)
• Kent to Hold 4,350,000 Archean Shares - Post Listing
• Proposed Financing - $1,000,000 @ $0.15
• Participating Brokers - 10% Commission/10% B Warrants
• Subscription Shares - Free Trading on Listing
• TSX-V Listing approx 30 days after Financing Close
• Phase I Drill Program Complete
• Phase II Drill Program Oct/Nov
• Post Listing Promotion & Follow Up
SPIN-OUT DETAILS Shareholder Approved - April 30, 2010
Court Approved - May 5, 2010
Record Date - Subject to Financing Completion
Exchange - TSX-V
Pre-Financing Shares - 12,500,000
Listing Financing - $1,000,000
Proposed Price - $0.15 (Wt $0.25)
Financing - 6,650,000 (Sub Rcpt)
Total Shares Issued - 23,500,000 *
Financing Shares - Free Trading on Listing
Listing Date - 30 Days (approx) from Financing
* On completion of financing - Includes 4,350,000 issued to Kent (approx)
CONTACT
Graeme O’Neill, President & CEO:
Brett Delaney, Corporate Communications: [email protected]
Lawrie Koyle, Investor Relations: [email protected]
116-744 W. Hastings Street
Vancouver, BC V6C 1A5
Ph: 604-684-3394
IR Phone: 604-569-1005
Fax: 888-282-7763
Website: www.archeanstar.com
KENT EXPLORATION INC.KENT EXPLORATION INC.