“Successful Gold Exploration Begins In The Best Mining Camps”

 

Sphere Resources Inc. TSX Venture Exchange (NEX – SPH.H)

Sphere Resources Inc. is a Canadian based minerals company with gold exploration and development activity centered in the Red Lake township of northwestern Ontario, Canada as well as the Carlin trend  and the Northumberland trend of Nevada, USA. These superior gold camps of North America are endowed with world class mineral deposits. Having had previous success as an explorer and developer of gold assets in Asia and Africa, Sphere’s new direction is to find major gold deposits in the leading gold camps of North America and use an innovative approach to reduce the time and cost to market by using deep resolution IP technology continually while drilling to achieve success.

Sphere’s commitment to asset growth and increased shareholder value will be sustained by the development of highly prospective projects, accelerated exploration activities and the acquisition of viable resources.

Sphere has a select international board of directors with combined experience of more than 90 years in undertaking exploration, development and funding of numerous energy and minerals projects in developed and developing countries.

Sphere Resources has investments of 6,000,000 shares in Duncan Park Holdings Inc ( TSX-V: DPH ) and also controls 53.46% of Spartan Gold Ltd ( OTCBB: SPAG )

Sphere Resources Inc. is a publicly listed company on the Toronto Stock Exchange (TSX- V; NEX: SPH.H)

Nevada, USA

POKER FLATS PROPERTY - CARLIN TREND

 

• December  2010 acquires Poker Flats property consisting of 500 acres
• In the 4th quarter of 2011 acquires private land to bring up the total acreage to 3,600 acres
• Newmont Mining's Emigrant Springs property 1km away
• Newmont Mining's is expecting a new mining operation to be started up soon at Emigrant Springs
• Exploration goal is for a open pittable, heap leachable Carlin type ore bodies at shallow depths
• Potential to host a multi-million ounce Carlin-style bulk mineable gold deposit
• Exploration budget of $1,200,000 in 2012 and $2,400,000 in 2013.

 

ZIGGURAT PROPERTY - NORTHUMBERLAND TREND

 

• December 2010 acquires Ziggurat property consisting of 6,800 acres
• 20 km north of Kinross-Barrick's giant +15 million ounce Round Mountain open pit, heap leach gold mine
• 5 Km south of Fronteer Gold's +3 million ounce Northumberland Mine gold property
• Potential to host a multi-million ounce Carlin-style bulk mineable gold deposit
• Exploration budget of $1,000,000 in 2012 and $2,900,000 in 2013

 

Gold Jackpot:

• March 2011 acquires an option for the Gold Jackpot property from Mexivada Mining consisting of 2,480 acres
• Target area is 6 kms long
• Exploration will focus on near surface high grade gold, silver and tellurium and copper, gold at depth
• Gold values to 16 g/ton Au and tellurium values to 3,740 g/ ton Te have been found at surface
• Some of the highest grade tellurium exploration samples found in the USA to date (to 3470 g/t Te) were sampled in our main target area
• Tellurium, an extremely rare  High-Tech Photovoltaic metal used in First Solar's "green" solar panels
• The highest grade samples collected  assayed 5.209 g/ton Gold, 339 g/ton Tellurium, 239 g/ton Silver, 2% lead, 1046 ppm Copper, and anomalous indium (a high tech metal used in LCD chips)
• The Gold Jackpot mineralization could represent the top of a diatreme/breccia pipe in the nearer-surface portion of a Porphyry - Epithermal transition/mixing zone above a metallized porphyry gold-copper system, such metal systems, like at the Emperor Mine in Fiji, can yield gold resources in excess of 10,000,000 ounces in size
• Exploration budget of $5,000,000 over 6 years

 

 

RED LAKE, ONTARIO - DOME PROJECT

 

• November 2009 acquires Dome property
• December 2010 acquires McManus property adjoining the Dome property
• The property is approximately 1.5 kms from Goldcorp's High Grade Zone (HGZ) area
• Goldcorp on November 9, 2010 announced drilling results from the High Grade Zone of 34.7 meters of 136.3 g/t gold and 1.7 meters of 1,826.3 g/t gold.
• Goldcorp's High Grade Zone is trending in a southwestern direction which could potentially trend onto the newly expanded Dome property.
• Map of Goldcorp's HGZ http://www.goldcorp.com/_resources/maps/09-05-28_RedLake_Maps.pdf
• Historic drill hole in 1936 intersected 33g or 1oz per ton gold over 2 feet
• Exploration budget of $2.2 million over 3 years

Alcourt Property:

• March 2011 acquires Alcourt property consisting of 250 acres
• 3 gold veins discovered in 1980 by Sherritt Gordon
• Panel sample returned grades that ranged from 0.0105 to 1.649 ounces gold per tonne
• A reported 3000 metre 48 diamond drill holes completed on the property in 1980
• In 1981, a non- NI 43-101 compliant property evaluation report was written by James Tilsley and Associates
• The report suggested a potential resource of 20,000 tonnes grading 0.45 ounces gold per tonne
• Exploration budget of $500,000 over 3 years

 

 

“Successful Gold Exploration Begins In The Best Mining Camps”