Location

The Antone Canyon Project is in Nye County, Nevada, 70km north of Tonopah and 13km southeast of the Round Mountain gold mine (15 Moz Au) operated by Barrick Gold Corporation and Kinross Gold Corporation.

Property and Agreements

The property consists of 60 unpatented mining claims, 39 controlled by Antone Canyon Mining Corp., a wholly-owned subsidiary of Bullion River Gold Corp., and 21 under lease.

Regional Geology

The project is within a regional north-trending mineralized belt that includes the volcanic-hosted and sediment-hosted gold-silver deposits of Goldfield, Tonopah, Midway, Manhattan, Round Mountain, Gold Hill and Northumberland.

Local Geology

The project is underlain by Lower Paleozoic, variably-metamorphosed sedimentary rocks, including limestones, calcareous siltstones, argillites, phyllites, schists and quartzite, occupying a northeast-trending wedge between two large Cretaceous plutons.

Mineralization and Resources

The project is part of the Barcelona Mining District, a zoned, polymetallic mineral system genetically related to the Cretaceous intrusive activity; the district contains zones of high-grade Ag-Pb-Zn, Ag-Au, Au, Hg-Sb veins as well as Cu and Mo mineralization. Mineralization in the project area consists of structurally-controlled, northeast-trending, steeply-dipping quartz-vein stockworks and jasperoids within interbedded carbonaceous shale and limestone. The zones commonly contain high-grade (>.25 opt, 8.6 g/t) gold mineralization and local coarse free gold; rock-chip values in trenches reach 113 g/t.

The intersections listed above for the Antone Saddle area are distributed over an area approximately 300m by 100m, and mineralized structures are open along strike and below the shallow levels drilled (100m). Significant soil and rock-chip anomalies to 12.7 g/t Au and shallow drill intersections grading above 3 g/t Au occur more than 600m east and 600m west of the Antone Saddle area.

Previous Work

Previous operators completed shallow reverse-circulation and rotary drilling from 1983 to 1985 (55 holes totaling 5,090m, deepest was 143m), and shallow core drilling in 1999 (5 holes totaling 524m, deepest was 183m). Drilling of the high-grade structures has been limited to within 100m of surface. Other work has included trenching, limited soil sampling, select rock-chip sampling, and an IP geophysical survey.

Recent Work

Rock-chip samples collected in 2003 and 2004 by Antone Canyon Mining Corp. confirm high-grade gold in the quartz stockwork zones in the saddle area. Results included 19.0 g/t Au (with 6.2 g/t Ag), 8.98 g/t Au (with 13.0 g/t Ag) and 15.25 g/t Au (with 14.6 g/t Ag). During 2004, a 3-dimensional model of the previous drilling was created, and a drill plan was developed to test for extensions to mineralization at depth and along strike.

In late 2004, Antone Canyon Mining Corp. completed 2,683 feet of reverse-circulation drilling in 3 holes in the Antone Saddle area. Hole BA3 intersected 45 ft grading 0.220 oz/ton gold from 330 to 375 ft, including 0.424 oz/ton over 20 ft from 340 to 360 ft. The intersection is highlighted by 5 ft containing 0.61 oz/ton. This hole extends the known northeast-trending mineralized system 350 ft to the southwest, and mineralization remains open to the southwest. The drill results have expanded the high-grade mineralized zone to a strike length of at least 1,300 ft.

Opportunities

The Antone Canyon project offers the opportunity to develop a high-grade gold resource amenable to underground mining.

Action Plan

There is no current work plan for Antone Canyon. Future exploration will consist of further drilling and deposit modeling.