Ring of Fire Joint Venture

• Renforth currently holds one of the largest diamond land holdings, (22 claims consisting of 289 units), 4624 hectares in the James Bay Area of Northern Ontario.
   
• These claims encompass geophysical targets with high kimberlite potential that require ground follow-up and exploration drilling
   
• To date twenty-eight diamondiferous kimberlites have been identified in this James Bay Lowlands region. Several are undergoing economic evaluation. These include, in addition to the De Beers Victor Diamond Mine development site (where DeBeers has invested more than $1 billion over the past three years to develop Ontario’s first diamond mine; production commenced in August 2008), the MacFadyen kimberlites and the Kyle series of kimberlites.
   
• The non-Kyle series holdings by Renforth are small claim blocks that cover high potential geophysical anomalies that require further testing to determine if they are kimberlites. Renforth is planning an exploration program to test the anomalies that have the highest potential.
   
• The major development in the region is the De Beers Victor Mine. This has been the focus of their exploration, as they are investing $1 billion for mine and infrastructure development and construction.
   
• There is limited historical exploration, but high geologic potential. The available geophysical data covering the individual claim blocks held by Renforth indicates that these are highly prospective for kimberlites as well as base and precious metals targets in the ultramafic intrusives.
   
• Several diamondiferous "kimberlite swarms" have been identified in the region. These Kyle kimberlites tend to have a higher carat/tonne than other diamond areas of the world and also generally contain higher value (quality) stones.
   
• Renforth's claims are centered on geophysical anomalies that have kimberlite type signatures and warrant further exploration.

Geophysical Anomalies

• This region has some very unique characteristics. The bedrock geology of the Attawapiskat Project area has granitic, volcanic and sedimentary rocks of Precambrian age at the west end, and shales, limestones, dolomites and sandstones of Upper Ordovician; and limestones, dolomites, siltstones, shales, mudstones, sandstones, gypsum and salt beds of Upper Silurian age. The sedimentary rocks of Paleozoic age (Silurian and Ordovician) are shallow dipping towards the east have accumulated in a basin covering the Precambrian age rocks of the Canadian Shield, effectively preserving the underlying Precambrian aged rocks from normal exploration scrutiny, until the onset of deep geophysical prospecting techniques developed over the past few decades.
   
• Proterozoic age (Upper Precambrian) kimberlites (Kyle type), carbonatite-alkalic complexes have been intruded into the Precambrian age rocks and are believed to have been emplaced during the development of the midcontinent Rift or Grenville Front. Jurassic age kimberlites intrude all the rocks of the area.
   
• The James Bay Lowlands part of Ontario has had very little mineral exploration and most of the area did not have any claim map coverage before 1990. The initial claim holders were Monopros Ltd. the Canadian exploration arm of Anglo-American DeBeers, who apparently commenced serious exploration for diamonds in the James Bay Lowlands in the early 1960's and is currently still very active, and have recently (August 2008) opened up the first diamond mine in Ontario.
   
• Stadacona Rouyn Mines Ltd. drilled 12 diamond drill holes near Desolation Lake in 1957. Exploration in the area prior to the 1980's was mainly for precious and base metals. During 1971 and 1972, Cominco Ltd., Kennco Explorations Ltd., Keevil Mining Group, and Hanson Mines Ltd. flew airborne geophysical surveys and did some follow-up work on their anomalies. BP Resources Canada Limited was active in the James Bay vicinity during 1988 and 1989 carrying out ground geophysical surveys, but with no apparent drill follow-up.
   
• Spider Resources Inc/KWG Resources Inc. created a joint venture in 1992 mainly to search for kimberlites. Jonpol Exploration also carried out a small diamond exploration program northwest of Missisa Lake in 1996 and Pure Gold Resources Inc. was active in the Ekwan River area about the same time. A newcomer to the diamond hunt Canabrava Diamond Corporation (Navigator) became active in the general area in the period 2003 and 2004.
   
• In late 2002 Spider/KWG Resources announced that De Beers in its course of anomaly testing in the McFaulds Lake in JV with them, had intersected base metal sulphides under the Paleozoic limestone cover in mafic to acid volcanics. Follow-up diamond drilling by Spider/KWG between 2003 and 2007 has resulted in the discovery of two VMS base metal deposits. The drilling has delineated two significant zones of copper/zinc mineralization that is still being explored.

There are four known diamondiferous kimberlite projects currently under exploration and development.

• Victor Kimberlite (De Beers)
• Grade - 0.23 cts/t, high value US$100 per carat
• Large open pit mine, 27.4 million tonnes (12 year reserve life)
• Estimated capital investment US$ 850 million
• Kyle Series  (Renforth, Spider and KWG)
• Five known diamond bearing kimberlite pipes
• Initial tonnage and grade estimates completed
• Requires bulk sampling
• MacFadyen Series (KWG and Spider)
• Adjacent to and north of the Victor mine
• Three diamondiferous kimberlites
• Limited initial drilling requires detailed exploration
• U2 Kimberlite (part of Kyle Lake Project), (Metalex) 
• Located 50 kilometres west of the Victor mine
• Four diamondiferous kimberlites in area, U2 is 10 hectares in size
• Bulk sampling underway on U2 and T1, additional drilling on other kimberlites