Golden Galena Project

GoldenGalena Location Map Regional

Madison Co., Montana – Option to Acquire 100%

Golden Galena Project (PDF)

Confederation has signed a Letter of Intent (“LOI”) to acquire 100% of the Golden Galena and Tourmaline Queen Project areas in Montana. The LOI calls for annual payments of 40 oz Au per year, totaling 320 oz of gold (cash equivalent to be determined based on Au price at time of payments, but would total US$ 400,000 at an average Au price of $1250/oz) over a five year period, to acquire a 100% interest in the claims within both of the two Project areas, subject to a retained net smelter royalty of 1% on unpatented claims and up to 5% on patented claims.

The Final Agreement will be prepared during the initial 90 day evaluation period (ending Sept. 19, 2017) for which CFM has paid US$ 12,500 (the cash equivalent of 10 ounces of gold).

Past drilling has yielded high-grade intersections, many greater than 20 g/t gold, with individual values up to 343 g/t, (for example: 3 m @ 23.3 g/t Au), along with broader intervals running between 1 g/t to 3 g/t Au, (for example: 15.8 m @ 1.37 g/t Au and 10.7 m @ 2.85 g/t Au).

Geological Summary

The Golden Galena Project is located in Madison County, 30 miles southwest of Bozeman. The area was explored in the 1980’s by Westmont (formally Nicor Minerals) and then by Newmont, under a Joint Venture with Westmont. Combined the Companies drilled 340 holes and spent over US$ 2 million on exploration, metallurgy and resource studies. Nicor drilled the first holes during the period 1983 to 1984, and their 4th hole intercepted 70 feet of 0.07 oz Au/ton (21.3 m @ 2.40 g/tonne).

Gold mineralization is hosted along faults synthetic to a major northwest striking wrench fault zone that controlled emplacement and subsequent distortion of the Tobacco Root Batholith. This regional fault system has been active since deposition of Proterozoic Belt sediments, and several of these associated structures along the larger wrench fault localize structurally controlled gold mineralization. Intersecting northeast and northwest striking conjugate fracture sets control the location of the known deposits.

Planned Program

Confederation Minerals is in the process of acquiring a complete historic data base. Following GIS compilation of the project data, further work will be planned.

Michael Collins, P.Geo. and V.P. Exploration and Development for Confederation Minerals is the qualified person for Confederation Minerals and has reviewed and approved this project description.  Drill results, sample and technical data are not National Instrument 43-101 compliant and historic in nature. The results have not been verified by the Company and are provided for context only and should not be relied upon for any evaluation of the properties or project or for any investment decision.