Yukon

YUKON Projects, Keno Hill, Yukon

Mega Precious Metals Inc. is exploring in the historic Keno Hill silver district, Canada’s second biggest primary silver camp after Colbalt, Ontario. The Keno Hill area is located roughly 38 kilometres northeast of Mayo and 350 kilometres due north of the capital of Whitehorse, Yukon.

Mining in the Keno Hill silver camp began operation 1913 when 55 tonnes select high grade ore was mined from the Silver King claim on Galena Creek on the northwest end of Galena Hill. When mining finally ceased in 1989, a total of 6,657 tonnes of silver (214,035,599 ounces), 322,698 tonnes of lead and 198,141 tonnes of zinc had been mined from 39 mines, both large and small. The average silver grade of production was 1,374.9 grams/tonne (40.1 ounces/ton). The bigger producers were the:

Hector-Calumet (1935-72)	96,219,690 oz.Ag	406,912,502 lb. Pb	334,570,797 lb. Zn
Elsa (1925-89)	30,158,040 oz.Ag	47,708,019 lb. Pb

The project is comprised of the SpiderMan property (5 claims) a total land position of approximately 87 hectares on the southeast slope of Galena Hill.

The contiguous Spider, Man and Ag claims are located on Galena Hill immediately to the east and along trend of the Eagle Vein. A 1971 geochemical soil survey completed by United Keno Hill Mines Ltd. (UKHM) of the property outlined a 300 metre lead-silver anomaly on the Man claim extending along strike from trenches exposing the Eagle Vein. The anomaly has not been explained by trenching, nor has it been drill tested.

Spider, Man & Ag Claims

On March 12, 2008 Mega purchased an outright 100% interest in the Spider, Man, Ag, Blue and One claims located in the Keno City area from William Mann of Whitehorse for $20,000. The Spider, Man and Ag claims cover a total of 46.96 hectares on the east flank of Galena Hill, along strike to the east of the Eagle vein.

The Blue and One are individual isolated claims of 17.86 hectares in the valley bottom near Keno City and 19.26 hectares on the south slope of Keno Hill, respectively.