Overview

The Tomichi copper-molybdenum (Cu-Mo) porphyry project lies in Gunnison County, south-central Colorado, (the "Project").


The following table contains assay results for a selection of holes from the historic drilling on the Project within the core area of the porphyry target:

DDH #	From (m)	To (m)	Interval (m)	%Mo	%Cu	%Cu Eq¹
TM-04	140.2	385.7	245.4	0.066	0.08	0.34
TM-05	20.1	328.4	308.2	0.054	0.24	0.46
TM-07	6.1	441.2	435.1	0.024	0.26	0.36
TM-08	9.8	420.7	411.0	0.036	0.25	0.39
TM-09	10.1	357.9	347.9	0.060	0.31	0.55
TM-10	8.2	263.4	255.2	0.060	0.29	0.53
TM-11A	30.5	302.1	271.6	0.060	0.16	0.40
TM-13	73.2	398.5	325.3	0.042	0.32	0.49
TM-14	70.1	337.5	267.4	0.048	0.21	0.40
TM-15	21.3	337.5	316.2	0.060	0.22	0.46

Location

The Project is located along the southeastern edge of the Colorado Mineral Belt, host to some of the world's largest (>250,000 tons contained Mo) porphyry moly deposits such as Henderson, Climax and Mt. Emmons. Initial exploration drilling at Tomichi was carried out by Climax Moly in 1957, with the most recent drilling by Molycorp in 1982-1984. A total of 55 diamond drill holes have been completed on the Project. A significant number of the drill holes intersected the mineralization at surface and many were terminated in ore grade material.

Mineralization at Tomichi consists of disseminated and fracture controlled molybdenite and chalcopyrite hosted by a mid-Tertiary, potassic altered, porphyritic quartz monzonite. The mineralized porphyry is exposed at surface on top of Copper Hill and has been traced to over 550m in depth. Diamond drilling has encountered copper-moly mineralization over an area in excess of 1500m by 800m, which remains open to the north and east.

Historical Drill Holes

Burnstone has the drill logs from most of the historical drill holes, and core from many of those holes has been preserved at the project site. Upon completion of the acquisition, the Company intends to re log the old core to get a better understanding of the mineralization and the related porphyry system.

• Tomichi Property Claim
• Tomichi Geology

As all of the previous drilling was assayed only for copper and molybdenum, Burnstone will also resample selected mineralized intervals for precious metals and other significant pathfinder elements. Permitting for a summer exploration program, including diamond drilling, will begin as soon as possible.

• DdhSecA-A
• DdhSecB-B
• DdhSecC-C
• DdhSecD-D
• DdhSecE-E

2012 Work Program

The upcoming Spring 2012 drill program will consist of 7,500 metres of drilling. Permits have already been granted for this program. The core will be assayed for copper, molybdenum, gold, silver and rhenium.