SASKATCHEWAN KIMBERLITE PROJECT

[Franko10 ™]

SASKATCHEWAN KIMBERLITE PROJECT

Location:
Canada, Saskatchewan
Nearest Landmark: PRINCE ALBERT
Distance from Landmark: 48 km
Direction from Landmark: NE
Latitude: 53 Degrees 30 Minutes (North)
Longitude: 105 Degrees 15 Minutes (West)

SASKATCHEWAN KIMBERLITE PROJECT Owners:
CMKM DIAMONDS INC., CONSOLIDATED PINE
CHANNEL GOLD CORP., UNITED CARINA RESOURCES CORP.,
Reserves: DIAMOND.



OKay everyone,.. if you notice on the map above the Sask Kimberlite project is slightly above the orignal Weirdale find,.. which was not that great so I think that was why we stopped drilling it and moved to carolyn,...

Now look at the new claims map at the very bottom,.. That area is owned by Shore Gold now,..

This Sask Kimberlite project is the mystery one that was supposed to be run by us and the JV's that no one seemed to know anything about,..



Here is a Jan 05 Map (above) prior to the Kimberlite changing hands,.. see it there the blob to the North east or Weirdale in between all the Shore property?

Now it is Shores in the April Map,..

[Franko10 ™]

NOTICE TO SHAREHOLDERS FOR THE THREE MONTHS ENDED MARCH 31, 2005 UNITED CARINA RESOURCES CORP.
Responsibility for Financial Statements

The accompanying financial statements for United Carina Resources Corp. have been prepared by management in accordance with generally accepted accounting principles consistently applied. The most significant of these accounting principles have been set out in the December 31, 2004 audited financial statements. The preparation of financial statements in conformity with Canadian generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the period. Actual results may differ from those estimates. Therefore, estimates and approximations have been made using careful judgment.

Recognizing that the Company is responsible for both the integrity and objectivity of the consolidated financial statements, management is satisfied that these consolidated financial statements have been fairly presented.

Disclosure Required Under National Instrument 51-102 – “Continuous Disclosure Obligations” – Part 4.3(3)(a)
The auditor of United Carina Resources Corp. has not performed a review of the unaudited financial statements for the three months ended March 31, 2005.

UNITED CARINA RESOURCES CORP.

SCHEDULE OF DEFERRED EXPLORATION COSTS

for the quarter ended March 31, 2005
(Prepared by Management)
2005 2004

Deferred exploration costs – 1st quarter:

Alberta Diamonds --3,592 0
Sask Kimberlite --23,940 0
Project Surround --3,975 0

Costs incurred during year --31,507 0

www.sedar.com/csfsprod/data57/filings/00789519/00000001/C%3A%5CFILINGS%5CUCAmar05.pdf


An Aweful lot of money spent in 05 already by one of our JV's on this property,.. Hmmmmmmmmmmmmmm

wonder why,.. LMAO




Looks like they aquired the Sask Kimberlite Project back in 2000

On April 5, 2000, the Company and Consolidated Pine Channel Gold Corp.
(“Pine Channel) entered into a mineral property option agreement with Kenneth
Charles Gibson (the “(Optionor”), pursuant to which each of the Company and
Pine Channel may earn a 50% interest in two mineral claims situated in an area
of Saskatchewan considered prospective for hosting kimberlitic structures. The
Company’s interest may be earned and the option exercised upon completion of
a property payment of $3,000 (paid) and the issuance of common shares of the
Company to the Optionor, staged against exploration work as is set forth in the
following table:

[Franko10 ™]

SASKATCHEWAN KIMBERLITE PROJECT

During 2000, the Company and Consolidated.Pine Channel Gold Corp (“Pine”) acquired by staking 32 mineral claims in the Fort a la Corne area of north central Saskatchewan with the potential to host kimberlitic structures.

On March 23, 2001, the Company, Pine and Shane Resources Ltd. granted an Option to First Labrador Acquisitions Inc. (First Labrador), whereby First Labrador may earn an interest of 50% in claims S-134434 and S-134435 by expending $300,000 on exploration of these Claims.

On October 29, 2001, the Company, Pine and Shane granted an Option to Twin Oaks Management Inc. (Twin Oaks), whereby Twin Oaks may purchase a 30% carried interest, subject to a 1.5% (0.5% to the Company)operating royalty, in claims S-134434 and S-134435 by making payments totalling $80,000 to the Company, Pine and Shane.

On March 22, 2004 the Company granted an option to CMKX Diamonds Inc. (CMKX) whereby CMKX may earn an interest of 25% in the 23 claims S-134411 to 134433
inclusive by expending $200,000 on exploration of the claims on or before March 31, 2005.

To March 31, 2005, the Company had expended a total of $4,508 on acquisition and $32,235 on exploration of the claims.

[Franko10 ™]

www.machcobra.com/board/showthread.php?t=53


www.mqdata.com/data/operators.asp?name=&sname=b&owner=&country=Canada&soperators=name&page=21




LMAO,.. the Sask Kimberlite Project I researched is listed as RAW Prospect--

www.mqdata.com/data/operations.asp?owner=-403131599

hmmmmmmm anyone know anything ither then what I had found before>

Interesting

[Franko10 ™]

SASKATCHEWAN KIMBERLITE PROJECT
Classification: Active/Verified

tinyurl.com/gjkqv

Saskatchewan Kimberlite Project (owns) Raw Prospect Canada, Diamond · Stanley Mission (owns) Raw Prospect / Surface Canada. Further Information ...

[Franko10 ™]

SASKATCHEWAN KIMBERLITE PROJECT

The operation details are shown below:

* General location: Saskatchewan
* Landmark: PRINCE ALBERT (48 km)
* Geographical position: (53°30'0", -105°15'0")
* Country: Canada
* Status: Exploration

Ownership Information

Saskatchewan Kimberlite Project is owned by:

* Consolidated Pine Channel Gold Corp.
Canada
Cobalt, Copper, Diamond, Gold, Lead, Nickel, Silver, Zinc

* Shane Resources Ltd.
Canada
Copper, Diamond, Gold, Nickel, Palladium, Platinum, Silver

* United Carina Resources Corp.
Canada
Cobalt, Copper, Diamond, Gold, Nickel, Uranium

* CMKM Diamonds Inc.
United States of America
Diamond, Gold, Uranium

Further Information

In January 2000, United Carina Resources Corp. and Consolidated Pine Channel Gold Corp., jointly acquired ground in the Saskatchewan Diamond Belt, in and around the Fort a la Corne Kimberlite Field, near Prince Albert, Saskatchewan, and are exploring the potential of these properties to host diamondiferous kimberlite bodies. A very large land holding has, since then, been acquired in this area, which contains the largest known kimberlite field in the world.

The diamond prospect properties were staked after a lengthy review of both published and unpublished historical work. They will be evaluated along with any other opportunities that become available, using newly developed exploration concepts. Airborne and ground geophysical programs have now been completed on a number of the properties.

This work included a high resolution aeromagnetic survey on nine separate blocks of ground comprising some 60,000 acres in the fall of 2000, and a detailed gravity survey on the Smeaton project, which occurs north of the Fort a la Corne kimberlites and along the same northwest structural trend as the Snowden kimberlite cluster.

Evaluation of the remainder of the 225 claims contained in some 30 blocks will continue. Flying of a high resolution aeromagnetic survey has been completed over the Companies' "Diamond Lady" block of claims, which occur contiguous to the Shore Gold Inc. property, and on claims contiguous to the blocks on which De Beers, Kensington and joint venture partners have completed a 24" reverse circulation drill bulk sampling program. This evaluation process is being conducted to identify drill targets to further the Companies' exploration for diamonds in Saskatchewan.

United Carina and Pine Channel have granted an option whereby Shane Resources Ltd. can earn up to a 50% interest in four mineral claims contained within the Companies' Smeaton Diamond Properties. The interest may be earned by Shane issuing 100,000 shares and contributing an aggregate $900,000 in funding for exploration of the claims over three years. During the first year, a minimum of $250,000 must be contributed to earn a 15% interest. A further $250,000 must be contributed in the second year to earn an aggregate 30% interest and, in the final year, a further contribution of $400,000 will bring Shane's interest in the claims up to 50%. The Companies, or one of them, will act as operator during the earn-in period, and the project will be directed by a management committee comprised of a representative of each party.

The Smeaton Diamond Properties were staked on the basis of information indicating that the Saskatchewan Diamond Syndicate had intersected a 90 m section of kimberlite while drilling in 1996. From all of the information available, very little follow up work or sampling was carried out on the properties, leaving much more room for further investigation.

A gravity survey has been completed over the properties and modeling completed by the Companies' geophysicist, as well as by a major mining company, indicate that weak positive gravity response could be defining kimberlite bodies at depth. The minimal or non-magnetic signature drill targets identified by the survey were interpreted as very encouraging by the Companies' geological consultants. Within the Fort a La Corne Kimberlite Fields, gravity surveys have been utilized by the Cameco/Kensington/Monopros joint venture to identify the thicker portions of some of the larger kimberlite bodies.

A four hole drilling program comprising 713 m, was recently completed on the properties to delineate kimberlitic bodies identified from the gravity survey. The drilling was contracted to Major Midwest Drilling, utilizing "H" size drill core. All four holes, including one shallow overburden hole, were targeted largely on gravity anomalies. The three holes that cored bedrock, successfully intersected up to several metres of subaqueous fragmental and marine worked kimberlite, intercalated with fine grained sediments.



Minerals Extracted

$ Diamond

[Franko10 ™]

Saskatchewan Kimberlite Project

During 2000, the Company and United Carina Resources Corp. (Carina) acquired by staking 23 mineral claims in the Fort a la Corne area of north central Saskatchewan.

To October 31, 2005, all but 7 of these claims have lapsed.

On March 24, 2004, the Company, entered into two agreements granting options to acquire interests in the 23 claims as follows:

1. U.S. Canadian Minerals Inc. (“U.S.Canadian”), which option grants U.S. Canadian the right to acquire a 25% interest in the Property, subject to a 1% net smelter royalty, one-half of which can be purchased by U.S. Canadian for US$1 million at any time. In consideration for the option, U.S.Canadian will pay the sum of US$50,000 ($25,000 to each of Pine Channel and United Carina) and expend CDN$100,000 on the Property by March 31, 2005;and

2. CMKM Diamonds Inc. (“CMKM”) which option grants CMKM the right to acquire a 25% interest in the Property, subject to a 1%$ net smelter royalty, onehalf of which can be purchased by CMKM for US$1 million at any time. In consideration for the option, CMKM will pay the sum of US$50,000 ($25,000 to each of Pine Channel and United Carina) and expend CDN$100,000 on the Smeaton Property by March 31, 2005.

3. Title to the claims has reverted to Consolidated Pine Channel Gold Corp. and United Carina Resources Inc.

To January 31, 2006 the Company had incurred acquisition costs totaling $2,891 and $2,073 on exploration of the claims.