Action Minerals Inc.

ATM
TALLY-HO SILVER PROPERTY
	Action’s eight Tally-Ho crown granted claims are located in the Wheaton River south of Whitehorse, Yukon, which was a high grade gold producer 85 years ago. High grade silver assays discovered in the 1980’s suggest that there may be an excellent potential for other precious metal systems to be discovered. The Company holds a 75% interest in a separate claim group north of the Goddell.
The earliest report on the Tally-Ho group of claims dates back to a 1909 Government Geological Summary. The report identifies a brecciated fault zone 4 to 6 feet wide in granite, which consists of a quartz gangue impregnated with galena. Of the five assays of samples taken by the government author, the average was close to $80 per ton in gold and silver.