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TIEX Inc. Retains approximately 137,710 hectares of mineral tenures that is prospective to gold deposits similar to the QR (Cross Lake), Fraser Gold (Eureka Resources Inc.) and Spanish Mountain (Skygold) properties. The Cariboo Gold Fields, second in Canada only to the Klondike in size and production, are currently being explored by more than twenty companies that employ up to date exploration technology. Technical studies have expanded the search to all parts of the Cariboo District where highly prospective black shales and phyllites of the "Quesnel Terrane"occur in deformed and metamorphosed sedimentary formations. This terrane is also perspective for volcanoclastic hosted hydrothermal gold vein systems and porphyry deposits, such as the nearby Mount Polly mine. The TIEX Inc. tenures were selected in order to acquire areas where such formations are known to occur.

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TIEX Inc. has initiated prospecting, geological mapping, geochemical sampling and geophysical survey programs on much of its mineral tenures.

TIEX Inc.’s currently is focusing its exploration efforts on the Gold Creek Zone, located just north of the town of Likely, B. C., where prospecting and some recently acquired historical data have demonstrated the presence of gold values. Technical surveys are being completed and the second phase of drilling will commence once all current data has been fully analyzed. The zone comprises iron carbonate-altered wacke and tuffaceous wacke located at the conjunction of the Gold Creek and Poquette Faults and in proximity to a hornblende diorite intrusion. Following completion of induced polarization and other geophysical surveys, TIEX Inc. plans to conduct its second phase drilling program in the Gold Creek Target along the developed exploration targets.

The remainder of the TIEX Inc. mineral tenures will be systematically explored as crews become available. The exploration model concept is of auriferous black phyllite that has been mineralized with a myriad of small quartz veinlets, some of which are accompanied by fine gold grains and which can be processed by bulk mining methods. Similar deposits are among the world’s largest gold sources, including Muruntau, Uzbekistan, Kumtor, Kyrgystan, and Sukhoi Log, Siberia, and Ballarat and Bendigo in Australia.  Also nearby are similar smaller deposits such as  Fraser Gold (Hawthorne) and Spanish Mountain in BC.  Large placer gold fields commonly are found close to such deposits, as is the case in the Cariboo district in B.C.

The Company’s consultant has recommended further work on several of the prospects. Following up on these recommendations, the company’s geologists are conducting geological surveys and soil sampling on its other exploration targets at the Teapot and Fork prospects.
The exploration strategy is to apply modern exploration techniques to areas that have previously shown to exhibit high potential for mineral deposits. To unravel complex geological systems, such as are found in the Quesnel trough, the company’s exploration team is using independent geoscientific methods to corroborate the geological interpretation. By using existing geological, geochemical and geophysical data in conjunction with the company’s original exploration data to direct the exploration model, it is expected that the geological puzzle will be solved. 
TIEX Inc.