Previous Exploration

Work at Hislop began in the 1940s with Hollinger Mines and continued sporadically until the 1970s when Gunnar Gold Mines held the property.

Stroud acquired the property in 1984 and, with joint venture partner Chevron Canada Resources Limited (Chevron), spent approximately $5.4 million and drilled over 100 holes totalling 41,910 m on the property between 1984 and 1994. .

Drilling in late 1988 led to the discovery of the V2 zone situated 640 m northeast from the Creek zone. Approximately one third of the holes drilled to date in the new zone encountered visible gold. The V2 zone has been traced for approximately 400 m along strike. No mineral resources have been assigned to the zone.

With the period of lower gold prices beginning in the mid-1990s, Chevron refocused its efforts and subsequently discontinued gold exploration in Canada. Stroud was able to acquire Chevron's earned interest thereby controlling a 100% interest in the Hislop project.