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|  |  The Pat project is located 25 kilometres east of the Cariboo community of Horsefly. The property encompasses an area of 1,330 hectares and is located approximately 50 kilometres southeast of the operating Mount Polley Mine, owned by Imperial Metals Corporation. The property was staked in 2004 to cover a prominent aeromagnetic anomaly that is similar in size (about three kilometres by three kilometres), shape and intensity to the anomaly which corresponds to the Mount Polley Mine. Geology The Pat claims cover a published government magnetic anomaly similar in size and intensity to that at Mt. Polley (Imperial Metals Corporation) as well as a similar peripheral induced polarization anomaly. Four drill holes totalling 439 metres were completed in 2006. The first two holes, bottoming at 98 and 129 metres, failed to get through a succession of overlying sand and gravel. Both of these holes, located 700 metres apart, were drilled in a very strong regional magnetic anomaly that is now more intriguing given the degree of magnetic signature with this amount of cover. One of the remaining holes, located approximately one kilometre to the north, encountered altered and weakly mineralized volcanic sediments from which the most anomalous three-metre sample contained 942 ppm copper, supporting the concept that the buried magnetic feature has porphyry copper potential. Status Alder Resources Ltd. may earn a 60% interest by conducting $1.2 million in exploration and making cash and share payments over a four year period. Maps
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