International Kirkland Minerals Inc.

COMPANY DATAINTRODUCTION | PROJECTS IN HAND | MANAGEMENT
CONSULTANTS | NEWS UPDATE | CHINESE

Address:  Suite 3 - 15185 Yonge Street
Aurora, Ontario
Canada L4G 1L8
Tel No.:  1-905-841-3418
Fax No.: 1-905-841-2826
Web Site:  www.internationalkirkland.com 
Corporate Email: john@internationalkirkland.com 

mike@internationalkirkland.com 

Contact Person: Dan Clark
Position:  President

COMPANY DATA

Traded Market:  TSX-V 
Traded Symbol: IKI.V 
Outstanding Shares:  22,000,000 
Public Float: 10,000,000 
52 Week High: $ 0.48 
52 Week Low:  $ 0.07 
Present Price: Click Here 

INTRODUCTION

International Kirkland Minerals Inc. ("IKI") is a junior resource company that explores and develops mineral properties internationally and primarily, at present, in China.
kirkland1e.jpg (29371 bytes)

IKI's Xuefeng Gold Property comprises a 720 square kilometer exploration area encompassing several highly prospective gold targets. At least two areas of the property have the potential for multi-million ounce gold deposits within narrow and broad silicified gold zones. An 800 m adit exploration commenced in September 2004 to test a series of sub-parallel gold bearing veins and zones within a large regional shear zone.

IKI is interested in bringing its exploration, mining and metallurgical expertise to other areas of China and are seeking further joint ventures on gold properties of merit located in China.

PROJECTS IN HAND

In March 2004, International Kirkland Minerals Inc. entered into an option agreement to acquire 100% of the shares of a
kirkland2e.jpg (73868 bytes) private company named Minen Investments Ltd. ("Minen"). The principal asset of Minen is the Xuefeng gold property ("XG Property"), Hunan Province, located in south-central China. The XG Property consists of a 720 sq.km exploration license and two small mining leases contained within the exploration license area. The property is subject to a joint venture with Brigade 407 whereby Brigade 407 may retain up to a 30% of the profits derived from mineral production at the Xuefeng Property by contributing 30% of the exploration and development costs.

Two areas of the XG Property have current small-scale mining operations ongoing. These areas are known as the Daping Area and the Chang Zi Ping Area.

In the north and south Daping mining lease area a total of seven gold bearing veins have been explored by open cuts at surface and by past and present adit mining operations. One of the veins in this area is reportedly being mined at a rate of about 20 tonnes per day ("tpd"). Three grad samples of this vein material taken from surface dumps by an independent Canadian geologist in September 2003 averaged 5.6 g/t Au. A fourth, non-representative sample containing visible gold assayed 94 g/t Au. The vein is reported to extend to a vertical depth of approximately 120 m and varies in width between a few centimetres to up to 2 m in width. Two further non-representative grab samples from Vein #7 at Daping assayed 205 g/t Au and 444 g/t Au. Gold in the Daping area is associated with silica, pyrite and sulphide mineralization.
kirkland3e.jpg (63332 bytes)

The Chang Zi Ping area is located about 15 km from the Daping area and has three separate small scale mine operations in three NW-SE trending brittle share zones composed of sericite-clay schist with variable amounts of quartz and sulphide.
Adit mining at Chang Zi Ping is reported to extend to a vertical depth of about 150 m and mineralization exploited on these veins ranges from 0.5 m to 5.0 m wide. The estimated daily tonnages mined at Chang Zi Ping range from 10 tpd to 30 tpd at a grade yet to be confirmed by IKI. The gold in the Chang Zi Ping area is associated with silica and pyrite as well as in some parts the gold is associated with sulphides such as galena, chalcopyrite and varying amounts of sphalerite.

Previous exploration conducted by local groups on the 720 sq.km (24 km by 30 km) XG Property has reportedly led to the discovery of 95 sub-vertical gold bearing structures referred to as breccias or veins. The past exploration has been carried out primarily since 1994 and consisted of geology, mapping, geophysics, geochemistry, trenching and drilling. Most of the database derived from this past work is available to IKI at the property site.

To acquire Minen IKI must pay CDN$610,000 (paid) and issue 1,000,000 shares (paid 250,000 to date) to the Vendor
kirkland4e.jpg (90684 bytes) over the next 15 months. A US$200,000 exploration advance was recently paid by Minen to the Snowpeak Joint Venture between Minen and Brigade 407 as a condition to acquire the Daping mining lease located within the XG Property. The US$200,000 noted above and a further US$300,000 will be spent by IKI on the Daping area, within the next 12 months, to maintain the Daping mining lease and Xuefeng Property in good standing for a further year.

In addition, should IKI proceed with the Minen option at Xuefeng the Company will assume a final option payment to Brigade 407 of US$300,000, within the next 12 months, for 100% of the net profits derived from the Daping mining lease. In addition, in order to maintain the 720 sq.km XG Property in good standing with local Hunan Provincial authorities, IKI would have to incur a minimum of US$500,000 per year in optional exploration and development on the property for each year that IKI elects to maintain the 720 sq.km XG property in good standing for up to a 10 year exploration license period. Finally, in the event that IKI proceeds with its option and outlines reserves on the XG Property of 700,000 oz. Au then IKI
will pay the Vendor a further CDN$1,000,000, or at IKI's option a further 1,000,000 shares of the Company. In the event that reserves of 2,000,000 oz. Au are outlined, then the Vendor shall receive a further CDN$1,000,000 or, at the Company's option, 600,000 IKI shares.



IKI completed an initial phase 1 due diligence program in April 2004 at Xuefeng. The due diligence consisted primarily of a
site visit by an independent Canadian geologist and examination of title issues by Canadian and Chinese legal counsel. The positive outcome of the above due diligence met IKI's criteria to proceed with the acquisition of the XG Propertykirkland5e.jpg (32043 bytes) through the purchase of 100% of Minen Investments Ltd. The acquisition of Minen and The Xuefeng Gold Property has received regulatory approval.

The due diligence work confirmed four main gold-mineralized areas on the XG Property. These areas are North & South Daping, Chang Zi Ping, Muxi and Baiyanyun. There are at least 5 active gold mining and milling operations currently being
carried out at Daping and Chang Zi Ping.

In the coming months, in conjunction with other work planned on the XG Property, IKI will determine the daily tonnages and grade of the current mining operations as well as convert the material components of the historical data base and
kirkland6.jpg (33288 bytes) checked assay results into a digital format.

Mineralization at Xuefeng in general consists of elongate, sub-vertical, structurally controlled gold-bearing silicified zones. These in turn are related to major regional shear/fault system. Host rocks are Proterozoic sediments intruded by granitic stocks and batholiths.

Gold contents in the individual mineralized zones appear to be directly related to the degree of silica introduction. A typical zone, as reported by the property owner, Brigade 407 of the Hunan Provincial Government, consists of one or more narrow 0.5 metre to 1 metre wide intensely silicified zones. These zones can be of high to locally very high grade of up to 472 g/t Au over 0.90 m in zone I-17 in the Chang Zi Ping area, within broader, less highly silicified envelopes which grade in the 0.5 to 2 g/t Au range. These lower grade envelopes can range from approximately 10 metres to in excess of 40 metres in width. Mining activities to date have concentrated on the narrow, higher-grade zones. These activities serve as important exploration tools rather than significant commercial production at this point in time. The potential offered by
kirkland7.jpg (37265 bytes) some of the wider zones noted above is of significant interests to IKI in addition to the current narrow high grade mining operations being conducted on the property.

IKI has filed a 43-101 report on July 2, 2004 with the appropriate regulatory bodies and has commenced an underground exploration/development program at the Daping North mining lease area. An adit approximately 800 m in length will pass through the centre of the mineralized area at Daping North, perpendicular to most of the presently identified gold-bearing silicified zones in this location.

The adit is targeted to intersect 18 individual mineralized zones that are known to exist at surface or from workings on other adit headings 160 m from surface. Any mineralized zones intersected by the proposed adit will be sampled and mapped. Zones of interest could then be drifted on for additional bulk sampling purposes. The adit, sampling and supervision at
kirkland8.jpg (46561 bytes) Daping North and several shallow drill holes at Chang Zi Ping is estimated to cost $800,000 (US$600,000) and take about four months to complete.

As of October 12, 2004, 127 one-metre samples have been taken. Twenty-four (24) samples from the NW and SW adit heading at the 160 m level and 91 samples from four separate trench locations at surface above the 800 m adit heading have been taken and sent in for preparation and assay.

A total of about 800 underground samples and 200 surface samples are planned under the current phase of work.

MANAGEMENT

International Kirkland Minerals Inc. has a well management team with experience in different areas.

DIRECTORS & OFFICERS

Dan M. Clark, President & CEO
Has over 25 years of experience in the management and finance of mineral exploration and development and has raised in excess of $100 million for gold and base metal properties worldwide.

Paul A. Antoniazzi, Director
Former Senior Project Manager of North America for Lac Minerals Ltd. (now Barrick Gold Corp.) Senior Project Officer for the 8 million ounce Au, Hemlo, Canada, Page-Williams Mine consisting of a 4,000 ft. vertical hoist, with ramps, and a 3,500 tpd mill. Currently a senior project consultant to Golder Paste Technologies, an international mining and environmental engineering group.

Alexander (Sandy) Bain, Director & Secretary (Vancouver, B.C.)
Over 20 years experience as a registered representative (BC) specializing in resource issue and commercial real estate leasing.

William (Bill) Brereton, P.Eng., Director
Over 30 years of field exploration experience worldwide. Presently owner and Vice President of MPH Consulting Ltd. (Toronto), a mineral project consultant company who have concluded property analysis and project management in the mineral industry on over 3,000 projects in more than 70 countries.

Sydney McDougall, Director
In excess of 30 years experience in the mining and contracting business. Owner, President of Alex MacIntyre & Associates Ltd. ("AMAL") of Kirkland Lake, Ontario, which is a 45-year old mining contracting firm. AMAL has over the past 10 years completed over $100 million in surface and underground mine development contracts consisting of surface infrastructure construction, shaft sinking, underground mine development and mine planning services. AMAL has placed several gold and quarry projects into commercial production throughout the world since 1995.

Rita M.A. Samuda, Senior Vice-President, Legal & Business Affairs (Vancouver, B.C.)
A practicing lawyer for over 20 years and a specialist in the area of Corporate Securities, Ms. Samuda has extensive experience advising mining companies and assisting private and public companies with mergers & acquisitions, public offerings of securities, regulatory compliance, financings, and all general corporate matters.

Peter Tse, Vice-President of Operations (China)
Mr. Tse brings extensive business experience in metallurgical design to the mineral industry in Canada and China. Mr. Tse's recognition of the potential of Xuefeng led him to form the Minen Joint Venture which was then acquired by International Kirkland Minerals Inc. in July 2004.

CONSULTANTS

Xiang Wang, Ph.D., P.Geo
Consultant, Project Manger and "QP"-Qualified Person, Xuefeng Gold Property, China.

Rob Mackay, B.Sc. (Mining)
Project Consultant, Canada

Kevin Lougheed, MBA
Comptroller, Canada

Yvonne Shi
Xuefeng Gold Property Administrative Assistant & Liaison Officer, China.

NEWS UPDATE

On February 16, 2005, International Kirkland Minerals Inc. announced that it has now received past drill data for 68 of 140 drill holes from the Chang Zi Ping area of the Company's 720 sq.km Xuefeng gold property, China. Chang Zi Ping is located about 6 km northeast of the Daping area where IKI is completing a 1000 m underground adit that over the next 45 days is scheduled to intersect 5 gold zones at a depth of about 120 m.

On February 03, 2005, International Kirkland Minerals Inc. reported the update progress of the 720 sq.km Xuefeng gold property. The period from February 1st to 15th is the Lunar New Year holiday in China. The Company will continue to be working on the underground adit and sampling but at a somewhat reduced rate/staff for 14 days so progress will slow for this period.

Progress on Daping Adit

Southwest: The Company is moving through Vein 10 currently and approaching Zone 11 which IKI should reach within the next 25 days. IKI is awaiting samples and assay results from Vein 10 and they should have these results in the next few weeks.

Northeast: The Company is approximately 2 weeks from Zone 5 and sample results from this zone will follow about 2 weeks after they reach that point. Their target day for the adit completion at Daping is the end of March, 2005.

Chang Zi Ping: The Company is nearing completion of the CAD database for Chang Zi Ping which has an inferred resource of 656,000 oz. Au with a reported average grade by Brigade 407 of 9.56 g/t Au. The database is derived from 64 holes previously drilled by the Company's Chinese partner, Brigade 407. This information will enable IKI to design a drill program in this area for 2005.

Other: IKI continues to review other properties for the potential acquisition in China.

Disclaimer

Copyright (c) 2000 - 2005 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印