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Dixie Lake

Drilling Results

A total of 116 diamond drill holes have been drilled on the Dixie Lake property, totalling 20,656 metres. In the spring of 2006, Grandview gold drilled 5 boreholes totalling 1032.7 metres. This campaign aimed to further expand the 88-04 zone and a newly found Mobile Metal Ion (MMI) survey anomaly, i.e., the so called MMI-East Zone. A total of $425,000 was spent in 2005 by Grandview gold on 16 diamond drill holes totalling 2,765 m of core. The drilling was aimed to confirm the strike extension of the 88-04 zone and new targets defined in a MMI survey.

Significant results from the 2006 campaign include grades of 5.45 g/t Au over 1.5 metres from borehole DL2006_02 and 2.1 g/t Au over 4.0 metres from borehole DL2006_04.

Significant grades that were encountered in 2005 confirmed previous drilling intersections in the 88-04 zone: 5.9 g/t Au over 4.5 metres (DL_2005_09), and 3.5 g/t over 5.2 metres (DL_2005_11). Drilling into the MMI anomalies also returned one interesting intersection of 3.2 g/t Au over 1.9 m (DL_2005_03).

Table 1. Significant Drill Results form 2005 Drill Program

Hole No. From (m) To (m) Au (gpt) Length (m) Au (opt) Length (feet) Zone
DL0501 90.50 91.90 1.22 1.40 0.04 4.59 88-04 West
DL0502 27.00 27.50 1.00 0.50 0.03 1.64 88-04 West
DL0502 265.50 266.50 0.53 1.00 0.02 3.28 88-04 West
DL0503 82.70 84.60 3.32 1.90 0.10 6.23 MMI East
includes 82.70 83.20 6.73 0.50 0.20 1.64 MMI East
DL0504 74.00 74.50 0.98 0.50 0.03 1.64 MMI East
DL0505 104.35 110.30 1.47 5.95 0.04 19.52 88-04 Shoot
DL0506 165.60 167.10 0.73 1.50 0.02 4.92 GVX Shoot
DL0507 62.85 65.15 1.38 2.30 0.04 7.55 88-04 Shoot
DL0508 111.30 116.50 2.12 5.20 0.06 17.06 GVX Shoot
DL0508 125.20 126.70 2.78 1.50 0.08 4.92 GVX Shoot
DL0509 179.20 186.20 4.04 7.00 0.12 22.97 GVX Shoot
including 181.70 186.20 5.85 4.50 0.17 14.76 GVX Shoot
and 185.30 186.20 9.53 0.90 0.28 2.95 GVX Shoot
DL0510 18.40 26.90 1.66 8.50 0.05 27.89 88-04 Shoot
DL0511 132.90 134.30 2.16 11.00 0.06 36.09 GVX Shoot
DL0512 118.60 120.10 1.69 1.50 0.05 4.92 88-04
DL0513 188.70 190.00 1.56 1.30 0.05 4.27 88-04
DL0514 140.95 142.70 0.56 1.75 0,02 5.74 88-04 West
DL0515 no significant assays 88-04 West
DL0516 69.00 71.00 1.27 2.00 0.04 6.56 88-04 West

Table 2. Dixie Lake property - previous drilling activity prior to Grandview Gold Inc. involvement†

Company Year(s) Holes Metres Property
A. Boyle 1944 8 x-ray N/A A-zone (Main zone)
Belgold Mines 1945 4 x-ray N/A A-zone (Main zone)
Currie, Mahoney and McDougall 1951 9 284 B-zone, Dixie Lake property
Newmont 1970 9 1,067 Dixie Lake property
Caravelle 1972 6 451 Dixie Lake property
Consolidated Silver Standard 1988 7 BQ 465 Dixie Lake property, discovery of 88-04 zone
Teck 1989 27 BQ 4,090 Dixie Lake property, 88-04 zone
Teck 1990 13 BQ 2,218 Dixie Lake property, 88-04 zone and other geophysical targets
Canadian Golden Dragon 1996 12 NQ 1,888 Dixie Lake property, 88-04 zone
Canadian Golden Dragon 1997 15 NQ 2,566 Dixie Lake propery, testing IP anomalies
Alberta Star/Fronteer 2003-04 17 NQ, 5 BQ 6,594 21 holes in 88-04 zone, 1 hole in IP anomaly ~0.5 km north
Total metres drilled: 19,623

†Modified from Lee (2006)

The most extensive drilling was undertaken by Teck (1989-90) and the Alberta Star/Fronteer Joint Venture (2003-04), which focused on delineating the 88-04 zone. Golden Dragon drilled another 10 holes, further confirming the high grade Au in the 88-04 zone. This drilling closed off the zone towards the southeast. Alberta Star/Fronteer Joint Venture found a direct relationship between a stretching lineation and high Au mineralization in the southeastern region of the 88-04 zone. The Alberta Star/Fronteer Joint Venture also extended the depth of the mineralization to 400 metres.

 
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