GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the...

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I I I I I I I I I I I I I I I I I I May 19,2005 I Toronto, Canada REPORT ON THE DIAMOND DRILLING AND GEOLOGICAL MAPPING PROGRAM ON PARKIN NORTH, ONTARIO FOR CHAMPION BEAR RESOURCES LTD. prepared by Paul A. Dunbar, M.Sc., P.Geo. Senior Associate Geologist and Joe Hinzer, M.Sc., P.Geo. President and Senior Geologist Watts, Griffis and McOuat Limited Consulting Geologists and Engineers

Transcript of GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the...

Page 1: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

I I I I I I I I I I I I I I I I I I May 19,2005

I Toronto, Canada

REPORT ON THE DIAMOND DRILLING AND GEOLOGICAL MAPPING PROGRAM ON

PARKIN NORTH, ONTARIO FOR

CHAMPION BEAR RESOURCES LTD.

prepared by

Paul A. Dunbar, M.Sc., P.Geo. Senior Associate Geologist

and

Joe Hinzer, M.Sc., P.Geo. President and Senior Geologist

Watts, Griffis and McOuat Limited Consulting Geologists and Engineers

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TABLE OF CONTENTS

Page

1. INTRODUCTION ................................................................................... 1

2. CIIA~PION BEAIt FtJ£SO~CES LTI) ...................................................... 1

3. PItOPEItTY I)ESCItIPTION ANI) LOCATION ............................................ 1

4. ACCESSIBILITY ................................................................................... 4

5. PIIYSIOGItAPIIY ANI) CLIMATE ............................................................ 4

6. INFItASTItUCT~ ANI) LOCAL FtJ£SOURCES ........................................ 4

7. FtJ£GIONAL GEOLOGy .......................................................................... 5

8. PItOPEItTY GEOLOGy .......................................................................... 7

9. EXPLOItATION TAItGETS ..................................................................... 8

10. PItEVIOUS WOItK .............................................................................. 8

11. 20041)IAMOND I)ItILL PItOGItA~ ....................................................... 12

12. 2004 GEOLOGICAL MAPPING PROGItAM ............................................ 13

13. DISCUSSION ...................................................................................... 17

14. FtJ£COl\-fl\1ENDATIONS ........................................................................ 18

CERTIFICATES ........................................................................................ 20

FtJ£FEFtJ£NCES .......................................................................................... 22

APPENDICES ........................................................................................... 23

APPENDIX 1: DIAMOND DRILL PLAN, DRILL LOG AND DRILL SECTION APPENDIX 2: GEOLOGICAL COMPILATION MAP, SCALE 1:2,500 APPENDIX 3: ASSAY CERTIFICATES

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l. 2. 3. 4. 5. 6. 7.

l. 2. 3.

TABLE OF CONTENTS (continued)

LIST OF TABLES

Watts, Griffis and M c01at

Page

MMI sampling program along Parkin Offset dyke ........................................ 11 Parkin north drilling ............................................................................ 12 Hole PN-04-04, best intersections ........................................................... 13 Geological mapping, lines mapped ........................................................... 14 Geology of the Parkin North property ....................................................... 15 Description of grab samples ................................................................... 16 MMI soil geochemical anomalies ............................................................ 18

LIST OF FIGURES

Location of properties, Ontario................................................................ 2 Parkin North claim map ........................................................................ , 3 Regional geology ................................................................................. 6

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1. INTRODUCTION

In 2004, Watts, Griffis and McOuat Limited ("WGM") completed a diamond drilling and geological mapping program on behalf of Champion Bear Resources Ltd. ("Champion Bear") on their Parkin North property located northeast of Sudbury, Ontario.

In July 2004, one hole, PN-04-04, was drilled for a total of 299 m to test an IP geophysical anomaly thought to possibly represent an off-shoot or splay of the Parkin Offset Dyke. In September 2004, geological mapping was conducted on lines L27 +OOS to L36+00S to provide geological information covering the area previously drilled by Champion Bear.

This report has been written to summarize the results of this work. A new geology map covering the six grid lines has been appended at a scale of 1 :2,500. Previous exploration work has also been compiled onto this map. The reader should consult the map while reading this report. The author(s) were ably assisted in the field by Eldon Phillips (geological assistant) who also split all the core samples. Metric units are used throughout this report.

2. CHAMPION BEAR RESOURCES LTD.

Champion Bear Resources Ltd. is a mineral exploration company focused exclusively on the historically prospective regions of Ontario. The company has assembled a large land position in the Dryden and Sudbury areas, totalling over 16,000 hectares (Figure 1). The Corporation's primary target is platinum group metals and to a lesser extent polymetallic base metal, pegmatite-hosted tantalum deposits and gold.

Exploration activities are currently being managed under the Information regarding these activities is available on the www.sedar.com or on the Champion Bear Resources www.championbear.com .

direction of WGM. SEDAR website at

Ltd. website at

3. PROPERTY DESCRIPTION AND LOCATION

The Parkin Property consists of two claim groups, Parkin North containing 50 contiguous unpatented mining claims (81 claim units), and Brady South containing 21eased claims (3 claim units), both in east-central Parkin Township (Figure 2). The claims cover a total area of around 1,200 hectares.

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CBA_EXP I Parkin I PRN_01 _RegionaLloc,cdr Last revision date: Monday. 21 February 2005

Manitoba

Watts, Griffis and McOuat

Quebec

Figure ),

CHAMPION BEAR RESOURCES LTD.

Location Of Properties, Ontario

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4. ACCESSIBILITY ..

Access to the property is by Regional 80 for a distance of 18.3 Ian north from Sudbury to the Town of Val Therese. From there one continues easterly for a distance of 6.7 Ian along Regional Road 80 to the junction with Regional Road 84. One then follows Regional Road 84 north for a distance of about 7 Ian to the Town of Capreo!. From Capreol one proceeds northeasterly along an all weather gravel logging road past Ineo Limited's ("Inco") Whistle Mine and Malbeuf Lake. This logging road crosses the Parkin North claim group north of Malbeuf Lake.

5. PHYSIOGRAPHY AND CLIMATE

The Sudbury area is located within the Canadian Shield. The topography is typical of this part of the Canadian Shield and is that of a dissected plateau sloping gently south toward Lake Huron and Georgian Bay. Total relief in the area is about 150 m, and local relief is limited to 30 to 60 m.

Rocky hills alternate with depressions filled with glacial deposits and swampy ground. In some areas, particularly in the western part of the area, rock exposure is poor because of an extensive cover of glacial till, sands, and gravel. The area is located just south of the drainage divide between the Hudson Bay and Great Lakes watersheds and consequently most drainages are limited to fairly small streams and rivers. During Pleistocene glacial erosion and deposition, the drainage pattern became disrupted and consequently there are numerous small lakes and ponds.

Very little of the land in the area is suitable for agriculture, except in the centre of the Sudbury basin. There is little marketable timber and most of the area is forested by mixed species, predominantly second growth.

Temperatures average 24.8°C in the summer and -8.4°C m the winter. Annual precipitation averages 62.2 em of rain and 247.5 em of snow.

6. INFRASTRUCTURE AND LOCAL RESOURCES

The city of Sudbury is a major centre with a population of about 90,000 (164,000 in the Regional Municipality of Sudbury). The area has a long mining history. As home to both Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated mining complex in the world.

Over 300 companies involved in mining related activities offer expertise covering all areas of underground hardrock mining and environmental rehabilitation. There is particular expertise in land reclamation and mine rehabilitation. The area is also home to the Centre in Mining and Mineral Exploration Research, the Laurentian University Mining Automation

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Laboratory, the Mineral Exploration Research Centre, the Geomechanics Research Centre, the Canadian Mineral Industry Research Organisation, Central Analytical Services, and the Mining Innovation Rehabilitation Applied Research Corporation.

Ontario's Ministry of Northern Development and Mines is also based in Sudbury with its 236,000 square foot laboratories. CANMET also maintains a laboratory specializing in mine backfill technology and the Industrial Research Assistance Program of the National Research Council is located at Laurentian University. The Northern Ontario Research Centre for Advanced Technology Inc. is based at Cambrian College.

7. REGIONAL GEOLOGY

The geology of the Sudbury area has been studied extensively, as it hosts one of the largest nickel-copper deposits in the world, as well as being the site of a meteorite impact. There is still debate about many aspects of the geology. The following synthesis of the geology is derived from WGM's review of the available literature.

The Sudbury area is located in the southern Canadian Shield in the eastern part of the Southern geologic province. It is located at the contact between the Archean rocks of the Superior Province and the Early Proterozoic Huronian rocks of the Southern Province. The area lies about 10 km north of the Grenville Front, which marks the northern limit of the Grenville Province.

The geology of the area is dominated by the Sudbury Structure, which is now generally accepted to be a deformed crater structure resulting from a major meteorite impact about 1,850 million years ("Ma"), (Figure 3). The Sudbury Structure is a 60 by 27 km oval basin structure comprised of three components:

• An outer zone up to 80 km wide consisting of fractured and locally brecciated and partially melted Archean and Proterozoic rocks which have been affected by the Sudbury Impact and intruded by offset dikes related to the Sudbury Igneous Complex ("SIC");

• The SIC, an intrusion or melt sheet, which is now exposed in the form of an elliptical collar around the Sudbury Basin. The SIC is divided geographically into a North Range, South Range and East Range; and

• Whitewater Group sediments of the Onaping, Onwatin, and Chelmsford Formations which have been deposited within the basin.

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- - - -CBA_EXP \ Parkin \ PRN_02_RegiooaLGeol.cdr last revision date; Monday, 21 February 2005

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CHAMPION BEAR RESOURCES LTD.

Regional Geology Sudbury Mining District, Ontario

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The Sudbury impact structure is bounded to the north by Archean rocks. The Archean rocks are dominated by plutons and gneisses with lesser amounts of greenstone, which date at about 2,700 Ma. Late Archean tectonometamorphism (2,640 Ma) produced the Levack Gneiss Complex and the associated anatectic granitoid rocks. The area was then intruded by the northwest trending Matachewan dyke swarm about 2,450 Ma. Gabbroic intrusions southwest and west of the Sudbury Structure (the East Bull Lake and Shakespeare-Dunlop Intrusions) are believed to be cogenetic with the lowermost volcanics of the Huronian Supergroup and are dated at about 2,490 to 2,450 Ma.

Huronian sedimentation and volcanism continued to about 2,200 Ma, largely to the south of the Sudbury area. The sediments were derived from the Archean Superior Province to the north. All of the rocks were intruded by the extensive Nipissing Diabase sill-dyke system about 2,200 Ma.

The Sudbury Meteorite Impact event affected a large area both inside and outside the current limits of the Sudbury Basin. Estimates of the original diameter of the impact structure range up to 150 to 225 km. The impact resulted in the formation of a radial and concentric pattern of offset dykes and zones of pseudotachylyte within the surrounding Archean and Proterozoic rocks.

The Archean and Proterozoic rocks surrounding the SIC have also been intruded by what are called "quartz diorite" or "offset dykes". Two major varieties of these dykes have been recognized: radial and concentric. The radial dykes appear to stem from the norite and/or sublayer and extend into the footwall rocks in a radial pattern with respect to the SIC. The concentric dykes may be related to ring faults and may either be connected to the norite/sublayer or represent accumulations of melt rock formed associated with pseudotachylyte formation. For example, the Hess concentric offset in Foy Township stems from the radial Foy offset dyke. After its formation the Sudbury Structure and adjacent rocks were affected by the Penokean Orogeny, variously dated at between 1,700 to 1,900 Ma. Northwesterly directed thrusting during this orogenic event is believed to be responsible for northwest-southeast shortening of the SIC and Sudbury Basin contributing to its current elliptical shape.

8. PROPERTY GEOLOGY

Champion Bear's Parkin North property lies within the outer zone of the Sudbury Basin of fractured and locally brecciated and partially melted Archean and Proterozoic rocks which have been affected by the Sudbury meteorite Impact and may be intruded by offset dikes related to the SIC. The properties are located 3-4 km north of the SIC.

The Parkin North property is underlain by Huronian meta-sedimentary rocks of the Mississagi, Bruce, Espanola, Serpent, Gowganda and Loraine Formations. The dominant rocks types are quartzite, conglomerate and argillites with minor limestones (Espanola Formation).

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A four and a half kilometre long section of the Parkin quartz diorite offset dyke trends at about N15°E across the northern claim block. The offset dyke here is between 30 to 90 m wide and dips steeply east at 85 0

• The dyke is medium grained quartz diorite with characteristically small amphibole needles. Both inclusion-bearing and inclusion free phases are present. Chilled margins are typically less than 20 cm thick. The dyke is cut by a number of 300 0 trending faults and diabase dykes, particularly in the sourthern part of the claim group. Significant offsets of the dyke are noted in this area. There may also be a bifurcation of the dyke here.

Zones of Sudbury Breccia and anatexite are noted associated with the dyke.

9. EXPLORATION TARGETS

1. Ni-Cu PGE mineralization associated with disseminated to massive sulphide zones within the "Parkin Offset Dyke", radial dykes originating from the norite and/or sub layer of the SIC.

2. Gold within the sulphide-bearing quartz veins that cross-cut the offset dyke.

Parkin Offset dyke has been mapped and intersected by diamond drillholes on the Parkin North property. This dyke hosts the Milnet Mine located between Champion Bear's north and south claim blocks. Production from the Milnet Mine is reported as 157,130 tons at 1.49% Ni, 1.54% Cu, 2.25 g Pt/t, 2.98 g Pd/t. Two lenses of sulphide mineralization are also present within the Parkin Offset dyke immediately southwest of Malbeuf Lake on a property controlled by Falconbridge. The property is currently being explored by Wallhridge Mining Corporation ("Wallbridge").

It has been suggested that the Whistle offset dyke may have been displaced along the Post Creek fault and that the Parkin offset dyke is its continuation. Peredery (2001) has suggested that field evidence does not support this contention and infers that the Whistle offset dyke may continue northeasterly to intersect Champion Bear's Halcyon Property.

10. PREVIOUS WORK

Early exploration on the Parkin North Claim Block focussed on gold mineralization (WGM, 2000). Electromagnetic and geological surveys, were reportedly undertaken in 1956 by Canadian All Metals Exploration Limited, results of their work are not recorded.

In 1968, R.E. Bazinet drilled two shallow holes (26m) which intersected argillite. Drill logs for their holes are not available. Additional gold exploration was conducted by L.G. Phelan in 1970 (prospecting), Decade Exploration in 1972 (overburden sampling), and Ike Burns who flew an airborne magnetic survey in 1978. In 1981, H. Barry used magnetic and VLF-EM surveys to trace the quartz diorite dyke in which he exposed gold-

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bearing cross cutting carbonate veins by power stripping. That same year, North Dennison Mines completed a resistivity survey over the four westernmost claims.

In 1985, John Brady carried out additional stripping and trenching to expose the dyke in search of Cu, Ni and PGE. That same year, FaIconhridge Ltd. drilled four holes (666 m) along a 700 m section of the dyke; holes P52 to P54. The holes drill tested the dyke to a vertical depth of 33 m. No significant Cu/Ni were intersected and Pt/Pd values were less than 60 ppb. The highest Au value obtained was 330 ppb. Again, many sample lengths were excessive and would result in extreme dilution of narrower, higher grade zones (if present). For example, sample QE 55155 in hole P-55 was 11. 3 m (37 feet) in length. Overall, greater than 80% of the samples exceeded 6 m (20 feet) in length.

Ineo Gold (1988-89) conducted a geological mapping program, a ground magnetometer and VLF-EM survey, a limited induced polarization ("IP") survey and a small diamond drilling program. Geological mapping traced the quartz diorite dyke over a strike length of 4.3 km. The dyke ranges in width from 15 to 50 m, strikes 010 to 015 0 and dips ±80° east. The magnetic and electromagnetic surveys did not show the trace of the dyke across the property. An IP survey, centered on the dyke, was carried out from grid lines 1500S to 2700S. Data showed no IP/resistivity responses characteristic of the dyke - IP data was not located in the CB files.

The dyke was drill tested by two diamond drillholes (267 m) to a maximum vertical depth of 100 m; holes 79502 and 79503. Hole 79503, a vertical hole, collared and ended in quartz diorite dyke rock. Cu/Ni values did not exceed 940/450 ppm and Pt/Pd values were below the detection limit. A quartz-carbonate vein containing pyrite hosted in the dyke rock assayed 12.5 g Au/t over a length of 0.3 m.

John Brady carried out some trenching activity in 1992 to further explore the dyke.

In 1995, WMC International Ltd. carried out a Dighem airbonrne geophysical survey (magnetics; VLF-EM/Resistivity/UTEM). Data was presented at a scale of 1: 10,000. They also conducted a geological mapping and sampling program (1 :2,500) using the Inco's geology map as a base. No follow-up exploration targets were identified.

Exploration by Champion Bear Resources Ltd.

Since the late 1990s, Champion Bear has focused much of its exploration efforts on evaluating the Parkin Offset for its potential to host Cu-Ni PGE mineralization. The host dyke has been traced by previous operators for a strike length of more than five km over the two Champion Bear claim blocks.

In 2000, the company tested the northern claim block with two diamond drillholes totalling 245 m. The holes were drilled 400 m north of the southern limit of the Parkin North claim block. Hole P-lO test for the possible southern extension of the dyke beyond a projected east-west fault 150 m to the north. This hole did not intersect the dyke. Hole P-ll tested the main part of the dyke 150 m east of hole P-lO close to were previous explorers

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interpreted a bi-furcatio. This hole encountered two dyke sections of 17 and 63 m width, respectively. No significant mineralization was encountered in this hole.

Subsequent IP surveys in 2001 outlined an east-west trending chargeability anomaly where the Parkin Offset appeared to be faulted. That same year, hole P-15 (391 m) was collared on the North Parkin property boundary confirming that the dyke was not displaced, but in fact went through a bend analogous to that at the Milnet Mine to the south. The hole intersected a substantial thickness of dyke hosting abundant varied xenoliths and pyrrhotite/chalcopyrite patches. The best assay values were 0.07% Cu, 0.07% Ni, 0.093 g Ptlt and 0.098 g Pd/t over 0.5 m testing the dyke to a vertical depth of 340 m. The hole demonstrated the possible presence of a sharp bend in the offset dyke and the presence of anomalous PGEs. Such changes in geometry, which are associated with many offset dyke orebodies including the Milnet Mine about 1.5 kIn to the south, and the anomalous PGEs warranted additional drilling to further test this structure.

Late in 2001, an initial test helicopter borne AeroTEM survey identified three conductive zones on the dyke. The southern portion of the claim block was re-flown with the AeroTEM system in August 2002, along lines spaced 100 m apart at right angles to the dike (and the original test flight lines) to try and enhance the anomaly encountered on the original test survey. The interpretation of the AeroTEM survey data identified a moderate anomaly, approximately 100 to 120 m in length striking to the northwest. This anomaly, north of previous drillhole P-l1, was drill tested with two shallow drillholes PN-O 1-02 and PN-02-03. Several other weaker anomalies are also identified immediately to the west of the projected trend of the dyke and along strike further to the north.

The winter 2003-2003 program also included an eight kilometre IP survey covering the AeroTEM anomaly. This program also incorporated the data from the previous survey in the area of drillhole P-15. Several IP anomalies both along and adjacent to the projected offset dyke were identified.

Hole PN-01-02 tested the AeroTEM anomaly on the north claim block. The hole is located approximately 120 m north of previous Champion Bear hole number P-11. The hole remained in offset dyke for its entire length of 206.2 m. The hole traversed 42.4 m (from 18.7 to 61.1 m) of inclusion bearing dyke material with up to 10% disseminated, chalcopyrite-bearing, sulphide mineralization locally. The 20 m section from 29 to 49 m assayed 401 ppm Cu, 474 ppm Ni, 34 ppb Pd, 37 ppb Pt and 12 ppb Au. A one metre section from 39 to 40 m returned 699 ppm (0.07%) Cu, 944 ppm (0.09%) Ni, 65 ppb Pd, 83 ppb Pt and 17 ppb Au. The hole also traversed a highly sheared fault zone from 120.2 to 162.1m.

Diamond drillhole PN-02-03 was drilled to a depth of 187 m and intersected around 11 m of 0-5 % inclusion-bearing diorite rock with no significant sulphide mineralization. The best assay returns were 185 ppm Cu and 193 ppm Ni, each over a core length of 1.0 m.

Hole PN-03-03 was drilled to a depth of 111 m to test an IP anomaly located on line 31 +OOS, 1 +25E (UTM 510543N, 5186401N). The entire hole drilled through fine to

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I coarse grained Nipissing gabbro intrusive rock displaying little alteration. Overall, trace amounts of pyrite ad chalcopyrite were observed. At one location, up to 10 % pyrite was

I noted in association with calcite veinlets. No significant base metal or precious metal values were returned from the core samples.

I In November 2003, a Mobile Metal Ion ("MMI") geochemical survey was completed along a 2.2 km strike length of Parkin quartz diorite offset dyke by Mount Morgan Resources

I Ltd. of Winnipeg, Manitoba, on contract to WGM. The survey was designed to determine if the MMI would be a useful tool to explore the offset dyke for its precious metal and PGE potential. In total, 28 anomalies were identified within the dyke for follow-up work

I (Table 1).

TABLE 1 MMI SAMPLING PROGRAM ALONG PARKIN OFFSET DYKE

I Field Sample UTM UTM CuRR ZnRR CdRR PbRR AuRR CoRR NiRR AgRR PtRR PdRR No. East North

I 140 2803 510754 5188068 11 3 5 9 3 2 3 22 2806 510486 5187226 4 1 2 20 78 2812 510561 5187326 10 11 9 16 1 1 4 3 2 2826 510436 5185950 4 3 2 I 3 51 9 11

I 3 2827 510410 5185962 18 4 4 7 2 2 2 11 2835 510234 5186400 2 24 4 2 2 7 5

51 4255 510478 5186875 30 9 6 53 2 4 6 9

I 55 4260 510466 5186950 4 15 18 4 1 11 21 61 4266 510482 5187048 10 2 3 7 2 3 9 62 4267 510458 5187072 7 I 3 10 I 6 12 3 2

I 63 4268 510510 5187074 6 9 5 8 2 2 13 24 1 44 4281 510408 5186750 2 I 4 3 4 5 4 2 40 4285 510314 5186625 4 1 3 2 1 5 5 25 1 39 4286 510272 5186600 5 14 6 5 37 10 1 3

I 34 4291 510226 5186574 2 2 10 2 8 32 4293 510232 5186552 1 1 2 31 4294 510283 5186550 3 3 8 14 6 3 3 26 4299 510190 5186526 3 2 7 7 10 3

I 24 4301 510198 5186501 5 2 5 11 6 I 2 23 4302 510246 5186502 1 I 17 2 I 3

I 22 4303 510304 5186486 3 4 3 3 6 5 8 2 108 4317 510578 5187705 1 2 28 3 I 92 4329 510545 5187575 11 3 8 4 2 I 116 4378 510655 5187758 9 3 2 3 10 3 3 20

I 120 4382 510666 5187775 13 4 4 3 1 3 11 1 121 4383 510691 5187776 8 7 4 6 4 8 7 2 125 4387 510688 5187824 8 3 2 3 3 20 1 135 4397 510733 5187970 6 20 4 4 3 25 6 1 1

I In 2004, Matrix Geotechnologies Ltd. conducted field work to collect data to construct

I detailed quantitative IP sections along lines L28 +OOS, L29+00S, L31 +OOS, L35 +OOS. A section could not be constructed along line L30+00S because of the close proximity of the dyke to the river which could not be crossed. Six IP anomalies were identified, two of

I which appear to occur within the offset dyke; along lines L28+00S, L29+00S and

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L31 + OOS. One anomaly was identified on L35 + OOS hosted within Bruce Formation conglomerates and was interpreted to represent a possible offshoot of the Parkin offset dyke. It was recommended that this anomaly be drill tested with the remaining anomalies to be tested during the winter season allowing better access to the property.

11. 2004 DIAMOND DRILL PROGRAM

Role PN-04-04 was drilled between July 17 to July 23, 2004 to a downhole depth of 299 m to test an IP anomaly (no MMI data) identified on line L35+00S, 2+00W. This anomaly was interpreted to possibly represent the location of an off-shoot of Parkin Offset Dyke originating from the former Milnet Cu-Ni POE deposit. The hole was collared along the southern boundary of the Parkin North claim block on claim 1174660 in Parkin Township (Table 2).

Hole No. PN-04-04 Total

300

TABLE 2 PARKIN NORTH DRILLING

Grid Coordinates -45 L35+62S 0+66W

Depth (m) 299.0 299.0

Claim No. 1174660

Drilling was conducted by St. Lambert Drilling out of Rouyn-Noranda, Quebec. The size of the core was NQ and acid tests were taken at 50 metre intervals. Upon completion of the drilling, the casing was left in the hole and the hole capped to mark the collar location. OPS coordinates of the collar location was recorded and the collar tied into the exploration grid.

The drill core was logged by Paul Dunbar and split by Eldon Phillips (a resident of Sudbury), at Champion Bear's Sudbury field office under the supervision of Joe Rinzer, a qualified person. Core samples were split with a mechanical splitter to retain half of the sampled section for future verification and testing (if required). Overall, sample lengths ranged between 0.4 and 1.2 m. Lengths were adjusted as necessary, to respect geological and/or mineralization contacts. The drill log, section and drill plan map, is located in Appendix 1. The drillhole location has also been plotted on the accompanying geology map (Appendix 2).

The samples for assaying were sealed in plastic sample bags and placed in sealed rice bags for shipment by bus to Activation Laboratories in Ancaster, an ISO accredited laboratory (see assay certificates, Appendix 3). A total of 26 samples were assayed for gold and trace element geochemistry (a 34 element package including Cu, Ni, Co, As and Zn). Platinum (Pt) and palladium (Pd) concentrations were determined for 10 core samples. Check assays carried out by SGS Minerals Services Laboratory, Toronto, Ontario confirmed these findings (see Appendix 2). The best assay intersections are presented in Table 3.

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TABLE 3 HOLE PN-04-04, BEST INTERSECTIONS

Interval Core Length Weighted Average Grade Description Au As Cu Ni Pt/Pd

(m) (m) (~~b) (~~m) (~~m) (~~m) (~~b) 85.0-85.4 0.4 15 13 488 53 N/A 7a, <1 % po, tr. cpy 92.4-97.4 5.0 8 23 385 39 N/A 7a, 2-15% po, <1% cpy Including: 95.6-96.6 1.0 <5 36 959 53 36 7a, calv (40% cpy)

99.3-101.2 1.9 <5 20 305 39 N/A 7a, 2-10% ~o, <1% c~y Geology Mineralization 7a = Bruce Conglomerate po = pyrrhotite cpy = chalcopyrite calv = calcite vein Note (1) N/A denotes a sample not tested for this element

Hole PN-04-04 intersected Huronian meta-sediments of the Bruce Group for the entire length of the hole. The hole collared into matrix supported conglomerates for a length of 280 m ending in quartzite.

The conglomerates are dark grey black consisting of 30-40 % pebbles/cobbles supported in a matrix of quartzite comprising 60-70 % of the rock. This unit contains the odd crystal of highly strained blue quartz. The pebbles and cobbles consist of gabbro, granitoid rocks, argillite, quartzite and quartz pebbles that are generally sub-rounded to sub-angular in shape. Periodically, reaction rims surround the pebbles. Some large boulders have also been observed, the largest being a granitoid rock, measuring 70 em in diameter, that was intersected between 188.7-189.4 m. Pebbles containing sulphides (up to 50 modal percent) have also been encountered within some sections of the core. Overall, the conglomerates contained 1-2% magnetic pyrrhotite and on occasion, chalcopyrite. Pyrite smears along slip planes are also common. Some weakly anomalous copper was returned from a section of core were calcite stringer veinlets contained splashes of chalcopyrite (385 ppm eu over a core length of 5.0 m, see Table 3).

Near the end of the drillhole, the quartzites were grey blocky, locally bedded and contained, locally, 2-3 % disseminated pyrrhotite and pyrite. Much of the core was blocky and rub bled containing a small amount of hematite.

12. 2004 GEOLOGICAL MAPPING PROGRAM

WGM conducted a short geological mapping program for three days during the month of September on six grid lines (L27+00S to L36+00S) covering claims 681708, 681709, 854516, 854517, 1211020 and 1174660. A total of 8 line kilometres were mapped by John Smolen (Geologist) who was ably assisted in the field by Eldon Phillips (Table 4). A final geology compilation map of the area has been prepared at a scale of 1 :2,500 (Appendix 3). The reader should refer to this map during the proceeding discussion.

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TABLE 4 GEOLOGICAL MAPPING, LINES MAPPED

Line From To Metres Mapped L27+00S 5+50W 4+50E 1,000 L28+00S 5+50W 4+50E 1,000 L29+00S 4+00W 4+50E 850 L30+00S 3+00W 4+00E 700 L31+00S 6+00W 4+50E 1,050 L32+00S 2+00W 4+50E 650 L33+00S 4+00W 3+00E 700 L34+00S 4+50W 2+50E 700 L35+00S 5+00W 2+00E 700 L36+00S 5+50W 1+00E 650 Total 8,000

The presence of swamps and dense tree cover limits the outcrop exposure to a few outcrops best exposed within highland terrain in the north, areas southeast of the river. Many outcrops are flat lying making it difficult to obtain detailed structural observations.

From south to north, Archean Huronian meta-sediments of the Bruce, Espanola, Serpent and Gowganda Formations have been mapped (Table 5). These rocks have been intruded by a small gabbro dyke which appears to cross-cut stratigraphy. This dyke was not exposed on surface but was intersected by diamond drillhole PN-03-03 along line L31 +OOS. All formational units strike northwest dipping steeply northeast. The units appear to be truncated by a major northeast striking fault structure that occupies the river in the northern portion of the map area. Although outcrops of Gowganda Formation have been observed on the northwest side of this fault, it is uncertain if the remaining rock formations continue across this structure. Additional northwest, east-west and north trending faults have been identified in the map area through the interpretation of the ground IP data; there is no ground magnetic data. The Parkin offset dyke intrudes the central portion of the map area cross-cutting all rock formations. A detailed lithological description of the principal rock units has been provided below.

The Bruce Formation outcrops in the southwest portion of the property and is represented by the following rock types:

• dark grey conglomerates contammg up to 40 % pebbles or cobbles supported in a matrix of quartzite with minor pyrite, pyrrhotite and chalcopyrite, sometimes weakly magnetic;

• grey quartz arenite containing occasional pebbles, < 2 % pyrite and hematite staining; and

• dark grey fine grained siltstone with stringer calcite veins, pyrite, and chalcopyrite mineralization.

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TABLES GEOLOGY OF THE PARKIN NORTH PROPERTY

Description CENOZOIC PLEISTOCENE AND RECENT

Sand, Gravel, Clay

PRECAMBIAN Nickel Irruptive Intrusive Rocks

HURONIAN METASEDIMENTS Lorraine Formation Gowganda Formation

Serpent Formation

Espanola Formation

Bruce Formation

Mississagi Formation Middle Mississagi

PRE-HURONIAN ROCKS

METAVOLCANICS

Unconformity

14 Quartz Diorite (Parkin Offset) 13a Quartz Diabase 13b Diorite

11 Quartzite lOa Green Quartzite lOb White Quartzite 10c Conglomerate 10d White Quartz Arenite lOe Siltstone/Wacke 10f Pebblely Arenite (Green, Micaeous) 9a Quartzite 9b Quartz-Feldspar-Arenite 9c Slump Breccia 8a Limestone and Marble 8b Siltstone 7a Conglomerate 7b Quartzite 7c Metapelite 7d Argillite 7e Siltstone/Wacke 7f Pebbely Arenite (Green, Micaeous)

6a Quartzite

Unconformity

la Massive Mafic Metavolcanics Modified After Meyn (1967)

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Minor copper mineralization was observed within calcite stringer veinlets within an outcrop located along line L36+00S. Grab sample 22307 returned 8,480 ppm eu and anomalous gold (82 ppb Au) (Table 6, assay certificates in Appendix 3).

Grab Sample Number 22304

22305

22306

22307

TABLE 6 DESCRIPTION OF GRAB SAMPLES

Description

Diorite (Parkin Offset Dyke), light grey, medium grained, equigranular, 1-2 % py, minor chalcopyrite, small inclusions (?) As above

Diroite (Parkin Offset Dyke), float, light grey, medium grained, equigranular

Siltstone, grey, fine grained with pyrite and calcite veinlets containing chalcopyrite - "Copper Showing"

UTM (Grid)

510363E 5186613N

510340E 5186593N 510354E

5186354N (L31 +85S, 0+40W)

510246E 5186048N

(L36+00S,2+00W)

The Bruce Formation is overlain conformably by the Espanola Formation. This formation is well bedded and comprised dominantly of white limestone/marble.

The Espanola carbonate rocks are overlain by poorly exposed Serpent Formation. Only one outcrop was mapped on the property. The Serpent Formation consists of dark grey to grey layered quartz argillite and siltstone.

The dominant rock type exposed in the northern and central portion of the map area is the Gowganda Formation represented by the following lithologies:

• greenish fine grained grey quartzite containing pebbles, quartz vems, feldspar phenocrysts and hematite staining;

• bluish grey quartzite, fine grained, with quartz pebbles and disseminated pyrite; • light grey (bluish) to dark grey argillite, fine grained, strongly sheared (±graphite),

hematite stained; • light grey to grey siltstone, very fine grained, laminated, foliated and layered; • green wacke argillite, medium grained, quartz grains up to 2 mm in diameter, dark

feldspar; and • light grey argillite, medium grained with pinkish pebbles.

These rocks strike between 180 to 250 0 northeast and dip between 42 to 83 0 northeast.

Two outcrops of Parkin offset dyke were located between lines L29+00S and L30+00S (see Geology Map, Appendix 2). The dyke is a medium grained pyroxene-rich quartz diorite containing, locally, 1-2 % pyrite and minor amounts of chalcopyrite « 1 %). Each outcrop was sampled and assayed. The grab samples returned anomalous values of base

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metals and PGE's (Ni 310 ppm, Cu 356 ppm, Pd 27 ppm and Pt 39 ppm). A third outcrop of dyke which had been reported by a previous operator was not found. Two samples of float were also located.

13. DISCUSSION

Hole PN-04-04 encountered Huronian conglomerates and quartzites for its entire length. Local concentrations of sulphides, pyrite smears and scattered sulphide-clasts appear to explain the source of the IP anomaly located at a vertical depth of 150 m (164.0 to 246.0 m downhole). The hole did not intersect the Parkin offset dyke and, other than weakly anomalous copper values associated with secondary calcite stringer veins, no significant assays were returned.

Geological mapping was successful in providing a better understanding of the geology and structure of the map area. The MMI soil geochemical survey was restricted to testing the ground directly overlying the Parkin offset dyke. Therefore, it is not known if IP geophysical anomalies identified elsewhere on the property are associated with any MMI anomalies.

Cross-cutting fault structures identified within the map area do not appear to disrupt or displace the Parkin offset dyke. The dyke has an apparent width ranging from 40 to 200 m. At its widest point, along line L31 +005, the dyke appears to fold or twist at a location were three airborne EM anomalies and an IP anomaly occur. Here, Champion Bears holes PN-OI-02 and PN-02-03 intersected offset dyke containing a section of sulphide (± copper) mineralised inclusion-bearing quartz diorite having an apparent width of up to 25 m. This unit appears to be widening to the north. The inclusional diorite in hole PN-OI-02 contained, locally, up to 10% pyrrhotite (and chalcopyrite) including a 20 m section assaying 401 ppm Cu and 474 ppm Ni. The best assay value was returned from 39 to 40 m which assayed 0.07% Cu, 0.09% Ni, 65 ppb Pd, 83 ppb Pt an 17 ppb Au (the most enriched PGE content reported from drilling on the northern block to date). Hole PN-02-03 intersected 13.0 m of 0-5% inclusion-bearing diorite rock containing no significant sulphide mineralization (best assay was 185 ppm Cu and 193 ppm Ni over a core length of 1.0 m). Sulphide mineralization intersected by hole PN-OI-02 would account for the source of the IP anomaly. However, neither the sulphide mineralization nor faults encountered by drillholes PN-OI-02 or PN-02-03 account for the AerTEM conductor(s). Hole Pll tested the dyke 100 m further south to a vertical depth of around 100 m. This hole did not intersect inclusion-bearing diorite and did not return any significant assay values.

Six MMI soil geochemical anomalies occur within the dyke between lines L29+00S and 31 +005 in a section of dyke not previously drill tested. The soil samples returned copper response ratios of up to 10 (2 samples) and Pd ratios ranging between 2 and 8 (4 samples, see Table 7). These anomalies occur along strike following the inclusion-bearing dyke portion of the offset dyke, north from hole PN-OI-02, and may also represent other parallel

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sections of similar rock elsewhere within the dyke. This 200 m section of the dyke warrants further drill testing.

Sample No. 4301 4302 4299 4991 4294 4286 4258

TABLE 7 MMI SOIL GEOCHEMICAL ANOMALIES

NiRR* CuRR CoRR PtRR

10

10 37 30

Note (*) RR = Response Ratio

PdR 2 3

8 3 3

A lone MMI sample returned the highest CuRR value of 30 in close proximity to one of Falconbridge Ltd's old drillholes north of the river (Table 7, sample 4258). Here, hole P-52 intersected Sudbury breccia and a section of inclusion-bearing (from 256 to 274 m) containing mafic inclusions, up to 1 % pyrite with minor chalcopyrite and pyrrhotite. No significant assays were returned. However, many sample lengths were excessive resulting in extreme dilution of narrower, higher grade zones (if present). Furthermore, there is no IP data to determine if there is a geophysical anomaly coincident with the copper soil value. Therefore, it appears that this MMI anomaly was not properly drill tested and may require another hole to explain the anomaly.

Champion Bear's drillhole PN-03-02 tested an IP anomaly within the single occurrence of gabbro along line L31 +OOS. No significant sulphide mineralization was intersected to adequately explain the source of the anomaly. However, results of the more recent IP survey indicates, through quantitative section methodology, that the source of this anomaly lies at a vertical depth of 275 m. Hole PN-03-02 tested the dyke only to a vertical depth of 90 m, well above the prospective target. However, it is likely that the source of the IP anomaly may be attributed to elevated sulphides within the dyke at depth.

Two other IP anomalies identified on lines L28+00S and L29+00S within the Gowganda Formation are most likely related to northwest trending faults that cross-cut the local stratigraphy.

14. RECOMMENDATIONS

A 600 to 700 m diamond drilling program is recommended to test both IP and MMI soil geochemical anomalies identified with the Parkin Offset Dyke. Drilling must be completed during the winter months as much of the area is covered by lowland, wet swamp terrain.

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The short program will require two drillholes that can be collared from the same drill site but at different azimuths:

Hole

PN-OS-OS PN-06-0S

Collar (Grid)

L30+ lOS, 0+S8/W L30+ lOS, 0+S8/W

-so -S2

2S0 270

Approx. Depth (m)

3S0 3S0

Hole PN-OS-OS should be drilled on the same drill section as hole PN-OI-02 and will test the PGE potential at depth of the copper-bearing inclusional unit intersected within the dyke in hole PN-01-02. In addition, this hole will also test an IP anomaly identified by quantitative section methodology at a vertical depth of 17S m, also apparently located within the inclusional diorite rocks.

The second hole, PN-06-0S, will test the northern extension of the inclusional dyke unit as well as test a nickel MMI soil geochemical anomaly (NiRR= 10, sample 4299).

Depending on drilling results, there are numerous other MMI anomalies that have been identified north of line L30+00S that may require drill testing (see geology map, Appendix 2).

Previous IP surveys did not cover the interpreted offset dyke located on lines 29+00S and 31 +OOS west of the river. If drill results of the proposed holes are encouraging, MMI and IP surveys should be extended to test this area as well.

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CERTIFICATE

To Accompany the Report Entitled "Report on the Diamond Drilling and Geological Mapping Program

on Parkin North, Ontario for Champion Bear Resources Ltd." dated Aprill, 2005

I, Joe B. Rinzer, do hereby certify that:

1. I reside at 6395 Russell Street, Niagara Falls, Ontario, Canada, L2J IP4.

2. I graduated from the University of Waterloo in 1971 with a B.Sc. in Earth Sciences, and from the University of Western Ontario in 1977 with a m.Sc. in Geology, and have been practicing my profession continuously since 1972.

3. I am a member of the Association of Professional Geoscientists of Ontario.

4.

5.

6.

7.

I am the President of Watts, Griffis and McOuat Limited, a firm of consulting engineers and geologists, which has been authorized to practice professional engineering by the Professional Engineers Ontario since 1969, and professional geoscience by the Association of Professional Geoscientists of Ontario.

I have personally supervised and assisted in the performance of some of this work and have visited the project site on numerous occasions.

I have jointly prepared this report with the co-author.

I do not own, directly or indirectly, nor do I expect to receive, any interest in the properties or securities of Champion Bear Resources Ltd., or any associated or affiliated companies.

Joe Rinzer, P.Geo. April 1, 2005

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CERTIFICATES

To Accompany the Report Entitled "Report on the Diamond Drilling and Geological Mapping Program

on Parkin North, Ontario for Champion Bear Resources Ltd." dated May 19, 2005

I, Paul A. Dunbar, do hereby certify that:

1. I reside at 64 Massey Drive, Charlottetown, Prince Edward Island, CIE lX8.

2.

3.

4.

5.

6.

7.

8.

I graduated from the University of Waterloo, Waterloo, Ontario in 1983 with a B.Sc. in Earth Sciences (Honours Applied Earth Sciences, Co-operative Program), and from Laurentian University of Sudbury, Ontario in 1989 with a M.Sc. in Geology and have been practicing my profession continuously since 1979.

I am a member in good standing with "The Association of Professional Geoscientists of Nova Scotia" since June, 2000.

I am a Senior Associate Geologist with Watts, Griffis and McOuat Limited, a firm of consulting engineers and geologists, which has been authorized to practice professional engineering by the Professional Engineers Ontario since 1969, and professional geoscience by the Association of Professional Geoscientists of Ontario.

I supervised the diamond drilling program in the field which included spotting the drill hole and logging the core. Core samples were split by Mr. Eldon Phillips, a resident of the City of Sudbury, Ontario, under the author's supervision. I previously worked on the Parkin North property which included assessment file research and compilation maps, limited reconnaissance prospecting and geological mapping and a small diamond drill program in 2002 (hole PN-OI-02).

I have no personal knowledge as of the date of this certificate of any material fact or change which is not reflected in this report.

I have jointly prepared this report with the co-author.

I do not own, directly or indirectly, nor do I expect to receive, any interest in the properties or securities of Champion Bear Resources Ltd., or any associated or affiliated companies.

Paul A. Dunbar, M.Sc., P.Geo. May 19,2005

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REFERENCES

Dressler, Burkhard O. 1982 Geology of the Wanapitei Lake Area, District of Sudbury: Ontario

Geological Survey, Report 213, 131p., accompanied by Maps 2450, 2451, scale 1:31,680 (1 inch to I/Z mile).

Ministry of Northern Development and Mines, Sudbury Assessment Office

Meyn, H.D. 1967 Preliminary Geological Map, Parkin Township, Map No. 400, Scale

1 inch to 114 mile.

Ontario Department of Mines 1967 Preliminary Geological Map of Parkin Township, Map No. P. 400,

scale 1 inch to 114 mile.

Ontario Geological Survey Undated Geological Data Inventory Folio, Parkin Township, GDIF 323,

District of Sudbury, 41 p.

Undated

1982

Peredery, W. V. 2001

Exploration Data Map, Geological Data Inventory Folio 323, Parkin Township, scale 1:31,680, District of Sudbury.

Sudbury Data Series - Preliminary Map, Parkin Township, Map P.2460, scale 1:15,840.

An Outline and Potential of Brady Properties in the Sudbury Area, Ontario, 14 p.

SEDAR website at www.sedar.com

Watts, Griffis and McOuat Limited 2004 Report on the Field Visit to the Brady Gold Showing and Search for

Parkin Offset Dike in Parkin Township, Sudbury Area, Ontario for Champion Bear Resources Ltd., prepared by Paul Dunbar, 20 p.

2000 Report on the Eagle Rock and Separation Rapids Properties, Northwestern Ontario and the Parkin and Iron Mask Properties, Sudbury Area for Champion Bear Resources Ltd., 167 p.

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I Watts, Griffo and M cGiat

I I I I I I I I I APPENDICES

I I I I I I I I I

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APPENDIX 1: DIAMOND DRILL PLAN, DRILL LOG AND DRILL SECTION

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---------'~----- ....... - ......

llighland

854516 ~ f1ighland ......

g ~ ~~ __________ ~ __ ~ ______________ ~~~~ __________ ~~~-+ __ ~~ __ ~ __ -2~~~ ____________ ~~

~ ~ ~ L 3J+OOS ~

L 33 OOS

Highla d

-

/ I \ J

I \ \

J

--....- --/ -----

o 20

854517

\ /'

Scale 1 : 2500

Metres

PN-03-03

Highland

100

Map Datum.' NAD83, UTM Zone 17

CHAMPION BEAR RESOURCES LTD.

Parkin North Property Parkin, Fraleck and Aylmer Townships, Sudbury Mining District, Ontario

Parkin North Drill Plan

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- - - - - - - - - - - - -COMPANY CHAMPION BEAR RESOURCES LTD TWP. OR AREA PARKIN I HOLE NO. PN-04-04

PROPERTY Parkin N OIth EXPLORATION LICENCE: 1174660 I LOCATION: 35+62S, O+66W (Grid) ICOLLAR ELEV: 357m ±Sm

DATUM (ZONE) !UTM: 510265 E'g: 5185975 N'g: ±S DIP TESTS AZIMUTII: 300°

DATES DRILLED: From: July 17 To: July 23, 2004 DEPTH: READING: DIP @ COLLAR: -45

DRILLED BY: St. Lambert Drilling Slm -45 FINAL LENGlH: 299.0 m

ASSAYS BY: Activation Laboratories Lt, (Ancaster, Ontario) 100m -45 VERT. DEPfH:

OVERBURDEN: CASING LENGlH 5.0m VERT.DEPfH 150m -45

I 201m -44 CORE SIZE: NQ

I 252m -43 HoleDIAM:

DESCRIPTION OF OVERBURDEN: Boulders/Till 298m -43 SURFACE Yes UNDERGROUND

DRILI.HQLE LOCATION SKETCH

DRILL CUTTINGS COLLECTED? Yes r No NfA (core)

SPECIAL DRILLING PROCEDURES: Waterline=50m

DRILL COLLAR MARKED BY: Casing left in hole and capped

PURPOSE OF THIS HOLE: To test an IP Anomaly centered at 34+9OS, 190W (possible Parkin offset dyke location)

COMMENTS:

26 Samples

LOGGED BY: Paul Dunbar ISIGNATURE:/.~" IDATE: September 24,2004 PAGE ONE OF 6 IHOLE NO. PN-04-04

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- - - - - - - .... - - - - - - -PROJECT: HALCYON DRILLHOLE No.PN-04-04

From To GEOLOGY DESCRIPTION Sample From To Length Au As Cu Ni Co Pt Pd (m) (m) Number (m) (m) (m) ppb ppm ppm ppm ppm ppb ppb 0.0 5.0 Casing

5.0 299.0 Huronian Metasediments Bruce Group (7 A and Th)-

5.0 280.5 Con!!lomerate Dark grey black QUartzite matrix. Matrix supported odd crystal of blue

!QUartz 30-40% oebbles 60-70% matrix 1-2% po (maJ,!;netic) Non-carbonatized non-magnetic oebbles are gabbro granitoid argillite IQuartzite and Quartz oebbles are sub-round to sub angular No apparent bedding (massive). Some pebbles contain sulphides (often IQuartzflmbbro rock). Odd massive sulvhide pebbles (50-60% sulphide mostly po some pyrite). Some oebb1es zoned (vartial assimilation?) Some oebbles zoned with sulphide (jj) 6.7 massive sulphide (ms) oebble (pyrite) {(j) 6.94 large J,!;ranitoid pebble (6 cm) (jj) 7.22 sulphide-bearing oebble (po) {(j) 7.64 1 cm sulnhide-bearing oebble (jj) 8.90 4.5 cm rounded granitoid pebble {(j) 11.75 1 cm (rounded) nebble with 40% po

12.0 13.9 Unit devoid of pebbles pyrite smears more agrillicious @ 14.4, felsic po pebble (20%)

-rib 14.2 pyrite smear @ 15.04 sulphide pebble (10-15% po. pyrite) @ 15.7, sulphide pebble (5-10% po) (jj) 15.95 po pebble {(j) 16.39 no zonin!! gabbro nebble (2 cm)

Po in felsic pebble at 16.73 and 168.0 (po pyrite) 21.0 core rubbled over 0.1 m 21. 7 felsic pebble with reaction rim Pebbles with 5-10% po at 23.04 (po), 23.09 (po, trace cpy), 24.15 (po), 25.03 (po), 25.40 (po), 32.24 (po.cpy), 32.37 (po), 24.24 (po), 24.39

1( ..... ,,\ ').1.<; 1 ..... ,,\

26.6 28.4 Bed devoid of pebbles Large 6 cm Quartzite cobble at 29.2 11 cm granitoid cobble at 29.8 {(j) 36.26 6 cm granitoid cobble {(j) 43.1 fault seam (over O.lm)

Pebble with 5-10% PO at 36.14 36.8 36.83 36.9 37.52 40.55

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- - - - - '- - -. - - - .- - - - - - -PROJECT: HALCYON DRILLHOLE No.PN-04-04

From To GEOLOGY DESCRIPTION Sample From To Length An As Cn Ni Co Pt Pd

(m) (m) Number (m) (m) (m) ppb ppm ppm ppm ppm ppb ppb

39.0 39.5 Unit devoid of pebbles Core rubbled at 45.5 9 cm granitoid cobble at 46.4

46.5 51.0 10-20% pebbles (sub angular to sub rounded, < 1 cm size, odd cobble, 5~ biotite in matrix 2-3% po (pvrite). "SPOtted" -carb?" non-ma~netic

Large granitoid pebbles at 51.3 (5 cm), 57.3 (4.5 cm), 59.8 (8 cm), 64.65 98283 51.0 52.0 1.0 5.00 19.00 61.07 43.30 13.06 (6 em) Pyrite smears at 49.95, 53.7 and 64.16 Sulphide-bearing pebbles at 54.5 (pyrite), 54.33 (cpy) , 55.22 (pyrite), 59.40 (ovrite) 59.49 (ovrite) ~ 59.0 7 mm quartz-calcite vein no sulphides @ 63.4 4.5 cm argillite pebble

[email protected] pyrite smear 69.9 70.0 Large granitoid cobble

@ 73.53, 12 mm quartz-calcite vein at 30° to C.A., 1-2% pyrite along the selvage edge @ 75.7 3-4% pYrite

76.3 76.7 Granitoid boulder with 1-2 % pyrite Granitoid boulders at 78.4 (26 cm). 80.8(29 cm). 81.4-00 cm) ~ 81.66 pyrite smear @ 81.8 6 cm granite cobble @ 81.9 10 cm granite boulder @ 82.23 9 cm granite cobble @ 83.4 3 mm quartz veinlet with 1-2% cpv @ 84.34 3 mm quartz veinlet @ 85.17 < 1 % po trace cov in matrix _@ 85.25 1 mm fracture infilled with massive chalcoPYrite (cpv) 98284 85.5 85.4 0.4 15.00 12.85 488.12 53.25 7.92 Granite cobbles at 85.31 and 85.43 (S4 cm)

90.2 92.4 Creamy white quartzite, 2-3% po, pyrite 98285 90.2 91.0 0.8 <5 9.89 81.57 27.16 5.05 98286 91.0 91.8 0.8 <5 11.05 10.77 13.50 10.73 98287 91.8 92.4 0.6 15.00 23.79 35.16 15.12 15.Q3

92.4 93.5 Same as 46.5 to 90.2 98288 92.4 93.5 1.1 <5 9.28 197.24 47.23 6.72

93.5 97.4 Creamy white quartzite 2-3% po, pyrite 98289 93.5 94.6 1.1 15.00 25.28 215.05 28.44 20.58 @ 93.65 trace cpv. 2-3% po

94.6 96.2 10-15% po, trace cpv 98290 94.6 95.6 1.0 <5 34.46 382.41 32.63 24.60

@ 96.15 1 mm calcite vein with 40% cpv 98291 95.6 96.6 1.0 <5 35.77 959.42 53.28 36.15

96.2 97.4 2-3% po (pyrite) 98292 96.6 97.4 0.8 15.00 9.48 161.90 29.85 6.05

97.4 98.3 Same as 46.5 to 90.2, 1-2% po locally 98293 97.4 98.3 0.9 <5 8.02 52.99 66.85 10.18

97.7 97.7 Creamy white quartzite bed

Page 32: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - - - - - - - - - - -PROJECT: HALCYON DRILLHOLE No.PN-04-04

From To GEOLOGY DESCRIYfION Sample From To Length An As Cn Ni Co Pt Pd (m) (m) Number (m) (m) (m) ppb ppm ppm ppm ppm ppb ppb 98.3 103.3 Creamy white quartzite. Cpy locally 98294 98.3 99.3 1.0 <5 6.37 60.58 38.60 8.15

@ 99.46 5-10% po pyrite 98295 99.3 100.3 1.0 <5 26.00 141.00 41.00 20.00 [Pyrite smears to 99.86

99.9 100.3 2-3% po 100.6 100.9 3-5 % po, < 1 % cpyin matrix 98296 100.3 101.2 0.9 <5 12.47 487.73 37.37 17.51

[Pyrite smear at 101.6 102.1 102.2 5-10% po (pyrite) 98297 101.2 102.3 1.1 <5 9.19 61.14 24.07 6.92 102.3 103.5 1-5% PO locally 98298 102.3 103.5 1.2 15.00 12.04 52.54 38.55 13.92

[Pyrite smear at 103.2 From 103.5, same as 46.5 to 90.2. 20-25 % pebbles, odd blue quartz,

2-3% (pyrite) locally in matrix 110.2 blue quartz JUains @ 110.7 po infills > 1 mID fracture @ 116.62-3% cubic pyrite over 0.1 m. < 1 % cubic pyrite at 116.85 116.93 @ 120.1 5-10% pyrite @ 120.4,2-4% pyrite

122.1 122.3 2-3% cubic l'Yrite @ 123.8 pyrite smear

Sulphide-bearing pebbles at 124.31 (pyrite), 124.63 (pyrite), l34.9 massive sulphide-pvrite (6 em) @ 129.55 zoned mafic pebble @ 129.6 pyrite smear

Large mafic pebble at l31.23 (6 cm) Lan~e quartzite pebble at l31.42 (7 em) 7 cm~bble at l36.5 @ 136.6 vugs adjacent to quartz pebble infilled with pyrite

20 cm granitoid boulder at l37.35 with 1-2% po @ 141.0 pyrite with pink 2-3 mm yein @ 144.0 33 cm quartzite boulder @ 146.2 39 cm boulder @ 146.57 7 cmgranitoid boulder @ 149.43 5.5 cm granitoid pebble @ 152.23, quartz-calcite vein (white-pink.) at 25° to C.A. with 1-2%

pyrite along selYage edge @ 153.02 quartz ~bble with 5-7% p()

@ 155.3, 8 cm granitoid cobble

@ 156.63, bx (oyer 3 cm)

@ 156.5 bx (over 5 cm) @ 156.65 bx (over 0.1 mt

Page 33: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - - - - - - - - - - - - - - - -PROJECT: HALCYON DRILLHOLE No.PN-04-04

From To GEOLOGY DESCRIPTION Sample From To Length An As Cn Ni Co Pt Pd

(m) (m) Number (m) (m) (m) ppb ppm ppm ppm ppm ppb ppb

ff!L 157.86 felsic pebble with 15-20% po ({P 162.37 bx (over 4 em) @ 163.74 pyrite smears ~166.7 zoned pebble bx @ 167.4 bx (over O.lm)

171.5 171.7 3 zoned pebbles @ 172.1 bx (over 15 em) @ 172.77 massive sulphide pebble (po, non-magnetie)- - 5 em @ 174.3 bx (over 0.2 m) @ 175.08 9 em l1;ranitoid cobble @ 175.9 bx (over 6 em)

J?!L 176.9 0.75 em pink QUartz vein (1-2% pyrite) @ 177.93 bx (over 0.1 m) @ 178.76 23 em granitoid boulder @ 179.18 7 em arl1;illite cobble @ 179.4, 8em quartz cobble @ 182.0 25 em granitoid boulder

~ Pvrite seam at 182.4 Quartz stringer veins (1-4 rom) at 184.4, 192.32, 192.44 with 1-3 em silicified zones adiaeent to veins

184.8 185.8 2-5% po pyrite 98299 184.8 185.8 1.0 <5 12.76 64.57 82.44 23.04 -5.00 -4.00 @ 186.0 43 em granitoid boulder 1-2% poadjaeent to granite boulder at 185.8 @ 186.8 bx (over 15 em)

70 em granitoid boulder from 188.7- 189.41 189.9 190.7 5-10% po, pyrite locally 98300 189.9 190.7 0.8 <5 11.18 42.66 64.77 19.93 -5.00 -4.00

Pyrite smear at 190.8 @ 194.2 bx over 0.1 m) @ 196.4 5 em massive sulphide (po) pebble -(host rock is Quartz) -@ 201.38 10 em quartzite cobble @ 203.15 bx (over 0.1 m)

206.0 207.0 3-5% po/pyrite locally 98301 206.0 207.0 1.0 <5 48.75 49.24 76.61 47.21 -5.00 -4.00 @ 207.54 bx (over 1-2 em) @ 208.4 pebble of Quartz with po @ 210.1 11 em !!ranitoid cobble @ 210.52 pink quartz-calcite vein with 3-4% pyrite @ 21l.8 bx (over 0.1 m) @ 212.0 bx (over 1-2 em) @ 215.0 34 em !!ranitoid boulder @ 215.4 bx (over 4 em) @ 216.54 pebble with po

Page 34: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - - - - - ... - - - - - - - - - - - -PROJECT: HALCYON DRILLHOLE No.PN-04-04

From To GEOLOGY DESCRIPTION Sample From To Length Au As Cu Ni Co Pt Pd (m) (m) Number (m) (m) (m) ppb ppm ppm ppm ppm ppb ppb

222.9 223.2 3-5% po 98302 222.6 223.3 0.7 4.00 14.28 116.79 67.92 17.95 -5.00 -4.00 @ 225.79 20 cm granitoid boulder @ 230.8 2 mill calcite vein (5-10% pyrite)

[Pyrite smear at 233.5 @ 237.72 1 cm oebble with 00, pyrite @ 242.33 DebbIe with 5-10% cubic pyrite

Ji!) 245.05 quartz pebble (1.5 cm) with 00. pyrite @ 249.68, 0.5 cm quartz vein in silicified zone. (2 cm either side 0

vein) with < 1 % Dvrite @ 251.0 core broken UD over O.lm

258.3 258.5 7 mill pink quartz vein (2-3% pyrite) @ 258.9 bx (over 15 cm)

263.3 263.8 Clast supported Conglomerate 98303 263.3 264.1 0.8 <5 17.42 182.85 67.89 24.80 -5.00 -4.00 Pebbles all < 1 cm wide 2-3 % 00 locally @ 265.28 3 cm nebble with 3-7% po @ 265.85 0.5 cm pebble with massive po @ 273.25 3 cm Debbie with 5-7% DO Dvrite

Trace cpy at 273.6 98304 273.0 274.0 1.0 <5 30.86 254.95 75.15 28.06 -5.00 -4.00 274.7 274.8 Numerous Dyrite smears 98305 274.0 275.0 1.0 1.00 12.94 258.86 68.05 31.83 -5.00 -4.00

Conglomerate ends at 280.5

280.5 299.0 I Quartzite (7b) Grey black locally bedded 2-3 % disseminated DO Dvrite (locallv)-

280.5 291.1 Blockv "Fault/Shear Zone" 98306 280.5 281.5 1.0 1.00 17.53 139.67 78.88 19.82 -5.00 -4.00 280.5 281.5 Core rubbled light green mineral (?)

.ffll282.2 green mineral also with pyrite 286.0 286.7 Pink hematite plus bx

@ 287.45 bx (over 0.1 m) 288.4 288.7 Core rubbled

@ 289.1 core bx (over 0.3 m) 290.4 290.8 Core rubbled

@ 291.9 20 cm granitoid cobble @ 292.15 2-3% pyrite over 2 cm 98307 292.0 293.0 1.0 1.00 52.11 145.82 69.88 71.36 -5.00 -4.00

292.7 292.9 15-20% Dyrite parallel to bedding @ 292.9 beddinj1; at 2SO to C.A. @ 293.7 bedding at 25° to C.A @ 294.2 beddinj1; at 30° to C.A.

296.0 296.2 15-20% pyrite associated with hematite alteration 98308 295.9 296.3 0.4 6.00 110.03 167.23 71.10 94.20 -5.00 -4.00 297.5 297.9 Core rubbled (shear?) 297.9 299.0 Core rubbled - poor recovery (shear?)

299.0 END OF HOLE

Page 35: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - -

7b

300mEI.

100m El.

Legend:

L----L1....:.7...J1 a Conglomerate

b Quartzite

I ~wv~ 'Vc I Interpretedfault/shear

Assay Value

- -

IPAnomaly

7a

Au(ppb), As(ppm), Cu(ppm), Ni(ppm), Co(ppm), Pt(ppb), Pd(ppb) over Lenght (metre)

- - -

Scale 1 : 1,000 o 10

Metres

PN04·04 Dip _45°, Az. 300°

510265E, 5185975N

alb

50

CHAMPION BEAR RESOURCES L YD.

Parkin North Property Parkin and Aylmer Townships, Sudbury Mining District, Ontario

Drillhole PN04-04 (Looking N300E)

Page 36: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

I I I I I I I I I I I I I I I I I I I

Watts, Griffis and M cOtat

APPENDIX 2: GEOLOGICAL COMPILATION MAP, SCALE 1:2,500

Page 37: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

509,500mE

'~,

\ \

12

510,OOOmE

' .. \ .. -~ \ "

t! \ ,A,

I

~C <; ~

." 10. -..,-~-

~ 0-'') I+---~--~~---"'-------~~-- ,-----,--+---~ +---\---Ir--+-----" ____ ---'"<;:-+-'----_-"'-=.=-----o&~--,<- r:2 '<S ___ ,--------,~. rJ ~~-~~-- 14 ~ L i'OOS ,-, _. ____ , ___ ,_,~ I· e EM ' '-i -.-------~c_ '-- ,,~ ______ WGM July 11,2002 "

"\

"

509,50Om.£.

-- --

1

/~\ , \ / \

/ \ ---..,..-

/ \ / '

L 3I:,--(){ ~ -~ ) , 71 / 7f

I 7--~

---- "-

\ \

"\

"\ "\

\

"\ "\ / "\

-~--------~ _~____l\.

"\ \ "\ Highland \ "\

7

y

I ./

--/

I I

510, OOOm, E.

,/

70f

510,500m,E,

\ ,/

/ 854517 70d

9

14

\ 74) \ \Reported outcrop

5/ O,500m,E.

894922

Highland

511,OOOmE

i I

--I-

Parkin Property ~ Claim Boundary

511,OOOmE

i

I~--' , '----,

Legend:

CENOZOIC PI.EISTOCENE AND RECENT

Sand, gravel. clay UNCONPORMITY

PRECAMBRIAN LATE PRECAMBRIAN INTRUSIVE ROCKS

'-""11"'51 Ol1vme diabase

INTRUSIVE CONTACT

NICKEL IRRUPTIVE

'--C11-:l41 Quarrz diorite (Parkin Offiet)

INTRUSIVE CONTACT

INTRUSIVE ROCKS

,--rW"'31 a: Quartz diabase (Gabbro?) bDiorite

iNTRUSIVE CONTACT

HURONIAN METASEDIMENTS UNCLASSIFIED HURONIAN

,--rI12::11 QuaFW"

COBALT GROUP Lorrain Fonnation

r--rII"11 Qu",,,,,,

Gowganda Formation

r---'::ll:1o I (1, Gree~ quartzite b. While quartzite

Ii. White quartz .uemte e. Sitlstone/wacke

c. Conglomerate f pebbf); arenite (green, mica..·ous/

BRUCE GROUP Serpent Formation

'--'19"1 ., Qua,"'", c. Slump breccia b. Quartt--foldspar arenite

Espanola Formation

r--r.1 8"1 a. Limestone and marble !;, Siltstone

Bruce Formation

r--r.! 7"1 ,,", Conglomerate /;. Quartzite c. Metapelite d. AJ'gillite

Miaaissagl FormatiQn

Mfddf. MIssJSS8f1/ a Quartzite, b Radioactive quartzite

Lower Mlssfssagl a Quartzite,

e. Siltstone/waake f pebbly arenite (gret:n, mwwx.ms)

151 /; Radioactive quartz-pebble conglomerate,

UNCONFORMITY: PAULTEDCONTACT PRE..HURONIAN ROCKS

1.._-,-13::.J1 a T,ap b Metagabbro c lv/etadiabase

INTRUSIVE CONTACT GRANITIC ROCKS

r--r.12"1 a Pink granite

b GneISSic pink granite c Grey granite d Gneissic grey granite e Granite gneiSS and migmatites [Porphyritic granite

INTRUSiVE CONTACT METAVOLCANICS

r--r:ll"l a MO$sive mafic metavolcanics b Pillow lavas c Poorly banded mqfic to mtermedwte metavolcams d Well banded intermedtate meta'Nicanics e Felsic melavolcanlcs [Felsic lUffs and pyrodaEflC rocks

L--L:11"-JFI Iron Formation

Symbols:

1 X

I ,..--.., 169 I " 1 ...

I X

10

Ge%glcal boundary, obmved, Interpreted position

Interpreted fault/shear

Small bedrock outcrop

Outcrop area

Foliation

Float

Mineral occurrence (M}.'VA4)

Afmeral sho~vmg

Grab sample, be:;! assay re:;ult

I-Qsl 18M1421

1 04291 1

1 .>1;_ 1

tET'1 11--<01 1=1

IP anomaly Quantitative section

MMI sample located during mapping

MMIsample

Swamp

Ridge

Dnll hole localion

Trench

23~31627 py

po

cpy

'ph

Pyrite

Pyrrhollte

Chalcopyrite

Sphalerite

Gn(pbJ) 1 Galena

m, MaSSIve Sulphides

sil SfliClj1ed

Hematite

K Potassic alteroh'on(')

o 50

asp ArsenOpyrite

ElF Banded Iron FarmatJon

mr Magnetite

qtz Quartz

Gf GraphIte

carb Carbonatized (calcite)

cqv Calcite/quartz veined

caZv CaIClf;;! veined

bw BiotitE

hb Hornblende

Scale 1 : 2,500

Metres

250 ;

CHAMPION BEAR RESOURCES L YD.

P ARKIN NORTH PROPERTY Parkin and Fraleck Tv.ps., Sudbury Mming District, Ontario

Parkin North Geology Compilation Map

WORK 13Y: P. Dunbar, J. Smolen

MAP SHEET No: 1 ot 1

SCAlE: 1 : 2,500

DRA'MIBY WGM

!.IP·TO-DATE: February 22, 2005 MPPOATIJM:

NA083, Zone 17

PFiOJ. COOt eBA EXP (Parkin) FllENME: PRN_ 33A_ParkinNorth_Delailo<U3eoL Comp.dwg (layout: 2.5k gryscl)

Page 38: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

I Watts, Gnjfis and M cGtat

I I I I I I I I

APPENDIX 3:

I ASSAY CERTIFICATES

I I I I I I I I I

Page 39: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

I CBA EXP Parkin North DDH draft, April 1, 2005 Watts, Gnffis and M cUtat

I I I I I I I I I

APPENDIX 3: ASSAY CERTIFICATES

I I I I I I I I I - 3 -

Page 40: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

I I I

Quality Analysis .. . Innovative Technologies

Invoice No. : Work Order: Invoice Date:

I Date submitted: Your Reference: Account Number:

I WATTS GRIFFIS AND MCOUAT LTD SUITE 400, 8 KING STREET EAST

I TORONTO, ON M5C IB5 ATTN: J. HINZER

I I I 2 6 ROCKS ( PREP. REVS)

CERTIFICATE OF ANALYSIS

were submitted for analysis.

A04-2097 A04-2097

08-SEP-04 03-AUG-04

HALCYON 2767

The following analytical packages were requested. Please see I ou~ current fee schedule for elements and detection limits.

REPORT A04-2097 CODE lE3-AQUA REGIA ICP(AQUAGEO.REV1) I REPORT A04-2097B CODE lA2-AU FIRE ASSAY AA

REPORT 42097RPT.XLS CODE lC-EXPL-FIRE ASSAY ICP/MS

I This report may be reproduced without our consent. If only selected

IPortions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report.

lOur liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

I I I I I

CERTIFIED BY :

DR E.HOFFMAN/GENERAL MANAGER

ACTIVATION LABORATORIES LTD.

1336 Sandhill Drive, Ancaster, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or + 1.888 .228.5227 FAX +1.905.648.9613

E-MAIL [email protected] ACTLABS GROUP WEBSITE http://www.actlabs. 0

Page 41: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - - - - - - - - - - - - - - -Activation Laboratories Ltd. Work Order No. A04-2097 Report No. A04-2097

SAMPLE

98283 98284 98285 98286 98287 98288 98289 98290 98291 98292 98293 98294 98295 98295 IR 98296 98297 98298 98299 98300 98301 98302 98303 98304 98305 98306 98307 98308

GXR~ cert GXR-<i GXR-2 cert GXR-2 GXR-1 cert GXR-1 GXR-4cert GXR-4

Aqua Regia Extraction Analysis 1 E3

Ag ppm -0.2 0.3

-0.2 -0.2 -0.2 -0.2 -0.2 -0.2 -0.2 -0.2 -0.2 -0.2 -0.2 -0.2 -0.2 -02 -0.2 -D.2 -D.2 -0.2 -D.2 0.8 0.3

-0.2 0.7 0.5 0.5

AI As B % ppm ppm

1.04 19 -10 1.17 13 -10 0.44 10 -10 0.27 11 -10 0.19 24 -10 1.19 9 -10 0.27 25 -10 0.32 34 -10 0.29 36 -10 0.21 9 -10 1.04 8 -10 0.34 6 -10 0.29 21 -10 0.32 30 -10 0.41 12 -10 0.54 9 -10 0.35 12 -10 1.42 13 -10 1.27 11 -10 1.20 49 -10 1.19 14 -10 1.35 17 -10 1.34 31 -10 1.37 13 -10 1.89 18 11 1.04 52 -10 1.17 110 -10

1.3 17.68 330 -0.2 5.22 246

9.8 11 42 13 15 13

4.5 -10

17 16.46 25 21.1 2.63 22

31 3.52 427 28.4 0.26 402

4 7.20 98 3.6 1.98 107

Ba ppm 113 125

35 24 27

110 20 13 24 35 70 38 27 32 34 72 41

111 116 99

108 84 80

105 III 42 34

1300 895

2240 1191 750 386

1640 41

Be ppm -0.5 0.5

-D.5 -0.5 -0.5 0.5

-D.5 -0.5 -D.5 -0.5 -D.5 -0.5 -D.S -0.5 -D.5 -D.5 -0.5 -0.5 -0.5 -D.S -0.5 -D.5 -D.S -0.5 1.1

-0.5 -D.5

1.4 1

1.7 1

1.22 1

1.9 1

Bi ppm

-2 -2 ·2 -2 -2 -2 2 2 2

-2 2

-2 -2 -2 -2 -2 -2 -2 -2 3

-2 -2 -2 3

-2 -2 3

(.29 -2.0 (.69 -2.0

1380 1344

19 20

Ca %

0.43 0.36 1.11 1.71 1.21 0.54 1.66 1.37 1.57 1.03 0.54 2.10 2.26 2.42 247 1.92 1.43 0.60 0.60 1.32 0.31 0.50 0.27 0.47 0.26 0.76 0.66

0.179 0.20

0.929 0.91

0.958 0.84 1.01 0.98

Cd ppm -D.5 -D.5 -0.5 -D.5 -0.5 -D.5 -D.5 -D.5 -0.5 -D.5 0.5

-0.5 -D.5 -D.5 -D.5 0.6

-D.5 0.9 1.9 0.6 1.6 6.2 3.0

-D.5 -D.5 2.0 1.9

(1 1.3 4.1 4.8 3.3 3.0

(.86 -D.5

Co Cr ppm ppm

13 75 8 46 5 58

11 47 15 49 7 56

21 46 25 50 36 49

6 29 10 64 8 54

19 63 20 73 18 45

7 78 14 59 23 106 20 85 47 98 18 93 25 101 28 144 32 117 20 138 71 121 94 104

Cu ppm

61 488

82 11 35

197 215 382 959 162

53 61

134 148 488 61 53 65 43 49

117 183 255 259 140 146 167

13.8 8

8.6 6

8.2 7

14.6 11

96 66 80 71 36 76 25 81 12 1110 11 1104 64 6520 52 6082

Fe %

2.41 2.32 1.20 0.92 0.76 240 141 1.64 1.89 0.83 2.79 1.21 1.20 1.31 1.36 1.12 1.34 3.61 3.19 3.93 3.08 3.53 3.55 3.97 3.53 3.88 4.32

Ga ppm -10 ·10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 10

-10 12

-10 11

5.58 35 5.21 19 1.86 37 1.76 11

23.64 13.8 20.50 12

3.09 20 2.71 11

Hg ppm

-1 -1 -1 -1 -1 -1 -1 -1 ·1 -1 -1 -1 -1 -1 2

·1 ·1 ·1 ·1 ·1 ·1 ·1 .1 ·1 ·1 ·1 ·1

0.068 ·1

2.9 -1

3.9 3

0.11 -1

K %

0.79 0.93 0.11 0.06 0.06 0.84 0.05 0.03 0.05 0.06 0.52 0.09 0.08 0.09 0.12 0.21 0.13 0.85 0.81 0.67 0.95 0.68 0.63 0.88 1.06 0.27 0.21

1.87 0.93 1.37 0.54 0.05 0.02 4.01 1.31

La ppm

49 19 21 16 14 25 23 31 23 11 16 21 47 52 34 24 33 24 21 25 14 28 26 32

-10 26 36

13.9 12

25.6 23 7.5 -10

64.5 52

Mg %

0.89 0.84 0.35 0.20 0.13 0.99 0.20 0.26 0.20 0.14 0.91 0.29 0.21 0.23 0.30 0.24 0.30 1.18 1.02 103 1.06 1.29 1.27 1.19 1.95 1.18 1.11

0.61 0.32 0.85 0.43 0.22 0.07 1.66 1.22

Note: Certificate data underlined are recommended values; other values are proposed except those preceded by a "(" which are information values. Bante. gahnite, chromite, cassiterite, zircon, sphene, and magnetite may not be totally dissolved.

CUents are advised to obtain as.ays for Ag>100 ppm and Pb>5000 ppm due to potential solubDity problems.

VaIuu foe Cu, Ni, In, Mo iJ"es\er Ulan 1 % $houkS be anayed 11 accuracy better 1han+'I·, 0-15% is required. Values above 1 % afe for Informational purposes ooty and ahouId not be relied upon for promotional or ore

feseNe catculaUona. Auays .e recommended for thts purpose,

Sulphur wiD precipitate in samples containing massive sulphides.

Negative valuea indicate less than the detection limit

99999 indicates "eater than t 0% Page 1 of 1 611612004

Mn ppm 115

81 122 133 97

109 106 108 113

94 137 135 122 132 136 151 109 295 249 355 225 239 257 232 237 216 173

1008 1083 1008 1091 853 783 155 138

Mo Na Ni ppm % ppm

3 0.084 43 3 0.043 53

·1 0.075 27 -1 0.056 13 -1 0.058 15 3 0050 47

0.056 28 1 0052 33

-1 0.054 53 -1 0.049 30 9 0.055 67

-1 0.058 39 -1 0.066 39 -1 0.076 42 -1 0.057 37 2 0.159 24

·1 0065 39 1 0.073 82 2 0.064 65 2 0.058 77 2 0.057 66 1 0.041 66 2 0.062 75 3 0.068 66

·1 0.044 79 4 0.065 70 3 0.051 71

P %

0.025 0.029 0.020 0.012 0.012 0.028

Pb S ppm %

11 0.31 9 0.22

10 0.20 12 0.24 12 0.28

9 0.19 0.011 13 0.86 0.010 17 0.79 0.015 16 1.02 0.013 11 0.18 0.025 6 040 0.019 12 0.33 0.017 10 0.57 0.018 11 0.60 0.014 14 0.50 0.022 13 0.26 0.015 21 042 0.030 12 0.57 0.027 20 048 0.027 14 0.60 0.028 36 0.32 0.036 394 0.52 0.038 192 0.45 0.038 12 0.84 0.035 46 0.19 0.026 178 1.84 0.025 297 2.12

2.4 0.1 3.1 0.100

(2.1 0.56 1.2 0.203 18 0.05 17 0.059

310 0.56 309 0.167

27 0.035 28 0.026 21 0.105 20 0.044 41 0.065 37 0.032 42 0.120 54 0.090

101 0.02 101 0.016 690 0.03 637 0.030 730 0.26 492 0.184 52 1.77 37 1.614

Sb ppm

·2 -2 -2 -2 ·2 -2 -2 -2 -2 2

-2 ·2 -2 ·2 ·2 ·2 2

·2 -2 -2 3 3 3

-2 -2 -2 5

3.6 3

49 24

122 57

4.8 3

C. Douglas Read, B. Sc.

Sc ppm

5

4 2 2 3 2 2 2

·1 3 2 3 3 2 5 3 8 6 5 6 6 6 8 9 7 7

27.6 24.2 6.88

5.4 1.58

1.4 7.7 7.0

Sr ppm

11 8

19 21 16

9 21 27 24 14 14 25 28 30 40 42 21 23 23 22 12 13 10 18 9 9

25

35 36

160 100 275 197 221

79

Ti %

0.16 0.11 0.04 0.04 0.04 0.12 0.03 0.03 0.02

-D.Ol 0.08 0.04 0.06 0.07 0.05 0.08 0.05 0.20 0.17 0.15 0.12 0.09 0.11 0.17 0.10 0.06 0.05

0.498 0.13

0.3 0.10

0.036 -D.01 0.29 0.13

Laboratory Manager, Activation Laboratories Ltd.

TI ppm -10 ·10 -10 ·10 ·10 ·10 -10 -10 -10 ·10 ·10 -10 -10 -10 ·10 -10 ·10 -10 ·10 ·10 ·10 -10 ·10 -10 ·10 -10 -10

2.2 -10

1 -10

(.39 -10 3.2 17

-u V

ppm ppm ·10 35 -10 21 -10 32 -10 12 ·10 9 ·10 28 ·10 7 ·10 9 ·10 7 -10 5 -10 36 -10 11 -10 11 ·10 12 -10 9 -10 24 ·10 13 -10 52 -10 35 ·10 34 -10 48 -10 44 ·10 61 -10 47 -10 64 -10 57 ·10 47

1.54 186 -10 150 2.9 52 -10 40

34.9 80 33 64 6.2 87 -10 67

-W Zn

ppm ppm ·10 13 ·10 8 -10 4 -10 4 ·10 3 -10 14 ·10 5 ·10 11 ·10 6 -10 7 -10 8 ·10 6 ·10 3 ·10 4 -10 7 -10 3 ·10 16 ·10 21 ·10 152 28 57

·10 162 ·10 779 ·10 343 ·10 21 ·10 42 ·10 157 -10 178

1.9 ·10 1.9 -10 164 131 30.8 -10

118 113 530 520 760 617

73 62

-

Page 42: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

-------------------Activation Laboratories Ltd. Work Order: A04-2097 Report: A04-20978

Sample ID

98283 98284 98285 98286 98287 98288 98289 98290 98291 98292 98293 98294 98295 98296 98297 98298 98299 98300 98301 98302 98303 98304 98305 98306 98307 98308 STANDARDS:

FIRE ASSAY Au*

(ppb)

5 15 <5 <5 15 <5 15 <5 <5 15 <5 <5 <5 <5 <5 15 <5 <5 <5

5 <5 <5

5 <5 <5

5

SH-13 CERTIFIED 1315 SH-13 FOUND 1330 SF-12 CERTIFIED 819 SF-12 FOUND 810 BLANK <5

*NOTE: Method of analysis by combination fire assay and atomic absorption.

1 of 1

Page 43: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - - - - -Actlabs PGE (1C·EXP) Job #: A04-2097 SamplelD: Sample WI(g) 98299 15 98299 Rep 15 98300 15 98301 15 98302 15 98303 15 98304 15 98305 15 98306 15 98307 15 98308 15 98308 Rep 15

Blank 30 Conlrol Material UMT-1 2 Control Material WMG·1 2

Cert Data UMT-1 2 Cert Data WMG·1 2

- - - - - - -42097RPT.XLS

Repor1#: A04-2097 Client: W.G.M Pd ppb PI ppb Au ppb

·4 ·5 ·2 ·4 ·5 2 ·4 -5 -2 -4 -5 4 -4 -5 2 -4 -5 -2 -4 ·5 5 -4 -5 4 -4 -5 4 -4 ·5 5 -4 -5 6 -4 -5 6

-4 ·5 ·2 107 123 41 368 674 114

106 129 48 382 731 110

Certified By:

~ C. Douglas Read. BSc. Laboratory Manager. Activation Laboratories Ltd.

This report Shall not be reproduced except In full without the written approval of the laboratol)'.

unless othelVllse Instructed. samples will be disposed of 90 days from the date Of thiS report.

Page 1 of 1

- - - - - -Contact: P. Dunbar

Date Received: 03-Aug-04

Date Reported: 07-Sep-04

Page 44: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - - - - - - - - - - - - - - - - - -

Work Order: 080183 Date: 13/10/04 FINAL Page 2 of 12

Element. Au Method. FAI303 Det.Lim. 1 Units. ppb

BATCH 7 98092 2 BATCH 8 98137 46 BATCH 8 98138 142 *BlkBLANK <1 BATCH 8 98149 4

BATCH 8 98157 11 BATCH 9 98169 146 BATCH 9 98174 148 BATCH 998180 3 BATCH 9 98194 3

BATCH 10 98219 <1 BATCH 10 98220 1 BATCH 10 98235 9 BATCH 10 98258 4

.. BATCH 11 98291 10

« BATCH 11 98296 7 *Std PGI09 34

+r BATCH 11 98298 <1 "If BATCH 11 98299 <1

*Dup BATCH 1 99003 239

*Dup BATCH 4 99237 205 *Dup BATCH 798055 18 *Dup BATCH 10 98219 <1

~ ': PIJ ~iI- P 'f C Hr:.C.K ASSAy>

Page 45: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - - - - - - - - - - - - - - - - -

Work Order: 080183 Date: 13110/04 FINAL Page 4 of 12

Element. Pt Pd Method. FAI303 FAI303 Det.Lim. 10 1 Units. ppb ppb

BATCH 7 98092 17 17 BATCH 8 98137 11 11 BATCH 8 98138 n.a. n.a. *BlkBLANK <10 <1 BATCH 898149 15 15

BATCH 8 98157 n.a. n.a. BATCH 9 98169 n.a. n.a. BATCH 9 98174 n.a. n.a. BATCH 9 98180 <10 10 BATCH 9 98194 n.a. n.a.

BATCH 1098219 n.a. n.a. BATCH 10 98220 n.a. n.a. BATCH 10 98235 <10 <1 BATCH 10 98258 n.a. n.a.

~ BATCH 11 98291 n.a. n.a.

~ BATCH 11 98296 n.a. n.a. *Std PG109 63 38

Ir- BATCH 11 98298 n.a. n.a. *" BATCH 11 98299 <10 <1 *Dup BATCH 1 99003 n.a. n.a.

*Dup BATCH 4 99237 n.a. n.a. *Dup BATCH 7 98055 n.a. n.a. *Dup BATCH 10 98219 n.a. n.a .

...

Page 46: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - - - - - - - - - - - - - - - - - -

Work Order: 080183 Date: 13110104 FINAL Page 6 of 12

Element. Be Na Mg AI P K Ca Sc Ti V Cr Mn Fe Co Ni Cu Method. ICP12B ICP12B ICP12B ICPI2B ICP12B ICP12B ICP12B ICP12B ICP12B ICP12B ICPl2B ICP12B ICPI2B ICP12B ICP12B ICP12B Det.Lim. 0.5 0.01 0.01 0.01 0.01 0.01 0.01 0.5 0.01 2 2 0.01 1 1 0.5 Units. ppm % % % % % % ppm % ppm ppm ppm % ppm ppm ppm BATCH 8 98138 <0.5 0.03 3.76 3.90 0.04 <0.01 2.49 4.5 0.16 107 167 1160 6.09 57 103 96.0 BATCH 8 98149 <0.5 0.11 1.58 2.27 0.D2 0.D7 1.41 1.9 0.14 57 71 455 2.60 26 83 129.2 BATCH 898157 <0.5 0.05 1.01 1.26 0.03 0.02 2.28 1.5 0.14 30 77 315 1.73 56 74 732.8 BATCH 9 98169 <0.5 0.04 1.36 1.57 0.02 0.17 0.29 4.3 0.04 48 212 172 2.77 51 83 50.2 BATCH 9 98174 <0.5 0.04 0.89 1.05 0.02 0.l3 0.33 2.6 0.03 26 220 124 1.76 30 63 55.7 BATCH 9 98180 <0.5 0.12 1.55 2.34 0.03 0.09 1.46 2.7 0.18 52 70 405 2.67 26 67 125.4 BATCH 998194 <0.5 0.05 1.47 1.68 <0.01 0.09 1.38 2.2 0.09 35 75 350 1.90 23 68 224.6 BATCH 10 98219 <0.5 0.04 2.57 2.94 0.13 0.19 2.76 5.4 0.22 79 307 1250 4.38 96 524 39.4 BATCH 10 98220 <0.5 0.04 2.73 2.99 0.12 0.14 4.03 7.2 0.22 82 324 1310 4.16 85 329 63.5 BATCH 10 98235 <0.5 <0.01 1.97 2.74 0.07 0.22 12.19 11.1 0.15 73 276 2030 8.32 460 2620 1236.4 BATCH 10 98258 <0.5 0.30 2.27 3.07 0.02 0.14 2.07 5.9 0.10 75 105 298 2.60 25 80 102.7 -; BATCH 11 98291 <0.5 0.03 0.27 0.40 0.D2 0.06 1.45 1.5 0.G2 6 163 117 1.79 35 63 1322.6 BATCH 11 98296 <0.5 0.05 0.31 0.43 0.02 0.13 1.85 1.5 0.03 7 193 118 1.11 21 40 617.5 .. BATCH 11 98298 <0.5 0.04 0.35 0.40 0.02 0.15 1.17 1.9 0.04 12 178 97 1.13 15 41 55.7 .. BATCH 11 98299 <0.5 0.06 1.66 2.14 0.04 1.28 0.48 6.9 0.18 52 219 325 3.83 30 89 67.7 *Dup BATCH 1 99003 <0.5 0.G2 0.30 0.12 0.03 0.07 2.41 <0.5 <0.01 2 93 906 5.66 13 33 62.5 *BIk BLANK <0.5 <0.01 <0.01 <0.01 <0.01 <0.01 <0.01 <0.5 <0.01 <2 <1 <2 <0.01 <1 <1 <0.5 *Std XRALOIA <0.5 <0.01 0.32 0.63 0.09 0.18 2.11 3.2 <0.01 228 132 330 1.92 6 48 116.1 *Dup BATCH 4 99237 <0.5 0.02 2.53 2.85 0.02 <0.01 2.07 2.5 0.14 54 102 831 6.41 76 233 523.7 *Dup BATCH 7 98055 <0.5 0.03 2.86 3.08 0.03 0.01 1.16 4.0 0.20 85 170 866 5.90 61 158 1043.6 *Dup BATCH 10 98219 <O.S 0.04 2.63 3.06 0.13 0.19 2.86 5.6 0.24 79 309 1290 4.47 97 530 41.6 *BIkBLANK <0.5 <0.01 <0.01 <0.01 <0.01 <0.01 <0.01 <0.5 <0.01 <2 <1 <2 <0.01 <1 <1 <0.5 *Std XRAL01A <0.5 <0.01 0.31 0.61 0.08 0.18 2.07 3.1 <0.01 221 124 322 1,87 6 46 113.1

Page 47: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - -Work Order:

Element. Method. Det.Lim. Units.

BATCH 8 98138 BATCH 8 98149 BATCH 8 98157 BATCH 9 98169 BATCH 9 98174

BATCH 9 98180 BATCH 9 98194 BATCH 10 98219 BATCH 1098220 BATCH 1098235

BATCH 1098258 ,~BATCH 11 98291 ~ BATCH 11 98296 if:'" BATCH 11 98298 ... BATCH 11 98299

*Dup BATCH 1 99003 *Blk BLANK *Std XRAL01A *Dup BATCH 4 99237 *Dup BATCH 7 98055

*Dup BATCH 10 98219 *BlkBLANK *Std XRALOIA

- -080183

Zn ICP12B

0.5 ppm

109.3 37.2 36.6 24.9 37.9

42.5 66.8

122.8 113.1 94.8

29.6 10.0 19.4 24.4 31.9

8.0 <0.5 193.6 106.4 117.3

123.0 <0.5 188.0

- - - - -Date: 13110/04

As ICP12B

3 ppm

75 4

49 99 48

<3 <3 55 48

273

<3 34 15 10

<3

45 <3

1230 44 25

52 <3

1200

Sr ICP12B

0.5 ppm

16.8 23.0 24.7

5.5 6.0

24.5 17.9 33.4 50.1

112.8

53.2 23.2 26.7 16.9 18.7

28.0 <0,5 69.6 15.4 14.8

35.3 <0.5 69.2

Mo ICP12B

1 ppm

<1 <1 <1

3 2

<1 <1

2 <1 18

<1 2 2 3 3

2 <1 11

<1 2

2 <1 11

Ag ICP12B

0.2 ppm

0.3 <0.2

0.4 <0.2 <0.2

<0.2 <0.2 <0.2 <0.2

1.2

0.3 0.3

<0.2 <0.2 <0.2

<0.2 <0.2

2.5 0.6 0.8

<0.2 <0.2

2.3

FINAL

Cd ICP12B

1 ppm

<1 <1 <1 <1 <1

<1 <1 <1 <1 <1

<1 <1 <1 <1 <1

<1 <1

3 <1 <1

<1 <1

3

Sb ICP12B

5 ppm

<5 <5 <5 <5 <5

<5 <5 <S <S <S

<5 <5 <5 <5 <5

<5 <5 92

<5 <5

<5 <5 88

-

Ba ICP12B

ppm

2 15 5

21 20

8 11 27 24 20

27 18 36 35

147

7 <1

3750 1 2

28 <1

3880

-

La ICP12B

0.5 ppm

1.8 2.3 1.5 9.3 7.3

2.5 3.3

11.6 11.7 8.4

3.5 17.7 21.7 21.1 15.3

3.2 <0.5

7.9 <0.5

1.3

11.8 <O.S

7.7

-

W ICP12B

10 ppm

<10 <10 <10 <10 <10

<10 <10 <10 <10 <10

<10 <10 <10 <10 <10

<10 <10

14 <10 <10

<10 <10

14

-

Pb ICP12B

2 ppm

2 3 2 6

14

<2 5 2

<2 18

7 17 14 23 10

13 <2 81 2 4

<2 <2 80

- - -

Page 8 of 12

Bi ICP12B

5 ppm

<5 <5 <5 <5 <5

<5 <5 <5 <S <5

<S <5 <5 <5 <5

<5 <S 12

<5 <5

<5 <5 11

B ICPI2B

10 ppm

<10 11

<10 <10 <10

IS <10 <10 <10

12

37 <10 <10 <10 <10

<10 <10

17 <10 <10

<10 <10

17

Ga ICP12B

20 ppm

<20 <20 <20 <20 <20

<20 <20 <20 <20 <20

<20 <20 <20 <20 <20

<20 <20 <20 <20 <20

<20 <20 <20

- -

Hg S ICPUB ICP12B

1 0.01 ppm %

< 1 0.24 < 1 0.12 < 1 0.18 < 1 0.33 < 1 0.27

< 1 0.10 < 1 0.09 < 1 0.20 < 1 0.17 < 1 4.06

< 1 0.07 < 1 1.20 <1 0.55 < 1 0.46 < 1 0.84

< 1 >5.00 < 1 <0.01 10 0.21

< 1 1.66 < 1 1.22

< 1 0.20 <1 <0.01 10 0.21

Page 48: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - - - - - - - - - - - - - - - - - -

Work Order: 080183 Date: 13/10/04 FINAL Page 10 of 12

Element. TI U Method. lCP12B lCPl2B Det.Lim. 10 200 Units. ppm ppm

BATCH 8 98138 <10 <200 BATCH 8 98149 <10 <200 BATCH 8 98157 <10 <200 BATCH 9 98169 <10 <200 BATCH 9 98174 <10 <200

BATCH 9 98180 <10 <200 BATCH 9 98194 <10 <200 BATCH 10 98219 <10 <200 BATCH 1098220 <10 <200 BATCH 10 98235 <10 <200

BATCH 1098258 <10 <200 "* BATCH 11 98291 <10 <200 ./If. BATCH 11 98296 <10 <200 t BATCH 11 98298 <10 <200

BATCH 11 98299 <10 <200

*Dup BATCH 1 99003 <10 <200 *BlkBLANK <10 <200 *Std XRAL01A <10 <200 *Dup BATCH 4 99237 <10 <200 *Dup BATCH 798055 <10 <200

*Dup BATCH 10 98219 <10 <200 *BlkBLANK <10 <200 *Std XRALOIA <10 <200

Page 49: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - - - - - - - - - - - - - - - - - -Work Order: 080183 Date: 13110/04 FINAL Page 12 of 12

Element. Hg Method. CVA14A Det.Lim. 5 Units. ppb

BATCH 8 98138 9 BATCH 8 98149 8 BATCH 898157 10 BATCH 9 98169 <5 BATCH 9 98174 <5

BATCH 998180 10 BATCH 9 98194 31 BATCH 1098219 10 BATCH 10 98220 8 BATCH 10 98235 37

BATCH 10 98258 24 ;t BATCH 11 98291 15 fF BATCH 11 98296 7 • BATCH 11 98298 <5 .. BATCH 11 98299 <5

*Dup BATCH 1 99003 17 *BlkBLANK <5 *Std S02 85 *Dup BATCH 4 99237 19 *Dup BATCH 7 98055 27

*Dup BATCH 10 98219 10 *BlkBLANK <5 *Std S02 86

Page 50: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

I OCT 2 6 200~

I I

Quality Analysis ... Innovative Technologies

I I WATTS GRIFFIS AND

SUITE 400, 8 KING

I TORONTO, ON MSC IBS ATTN: J. HINZER

I I I 4 ROCKS(PREP.REVS)

MCOUAT LTD STREET EAST

Invoice No. : Work Order: Invoice Date: Date Submitted: Your Reference: Account Number:

CERTIFICATE OF ANALYSIS

were submitted for analysis.

A04-2671 A04-2671

13-0CT-04 13-SEP-04

CBA-PRN 2767

The following analytical packages were requested. Please see l our current fee schedule for elements and detection limits.

REPORT A04-2671 CODE 4LITHO-MAJ ELEM FUS ICP(WRA.REV2)

I REPORT 42671RPT.XLS CODE 4LITHO-TRACE ELEM FUS ICP/MS(WRA4B2.REVS) REPORT 42671BRP.XLS CODE lC-EXPL-FIRE ASSAY ICP/MS

I This report may be reproduced without our consent. If only selected

I Portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report.

lOur liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

I I I I I

CERTIFIED ~Y :

4( DR E.HOFFMAN/GENERAL MANAGER

ACTIVATION LABORATORIES LTD.

1336 Sandhill Drive, Ancaster, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or + 1.888.228.5227 FAX +1.905.648.9613

E·MAIL [email protected],-""",~"-"",,,,, II

Page 51: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - - - - - - - - - - - - - - - -Activation Laboratories Ltd. Work Order No. A04-2671 Report No. A04-2671

SAMPLE Si02 AI203 Fe203 MnO MgO CaO Na20 K20 Ti02 P205 LOI TOTAL Ba Sr Y Sc Zr Be V % % % % % % % % % % % % ppm ppm ppm ppm ppm ppm ppm

22304 57.66 13.47 8.18 0.105 4.07 4.00 2.42 2.61 0.675 0.19 5.75 99.13 795 233 18 18 155 2 129 22305 59.30 13.56 7.77 0.104 3.43 3.99 2.99 1.79 0.675 0.19 5.45 99.24 784 290 18 17 154 2 127 22306 51.86 15.31 9.08 0.150 7.10 11.15 1.72 0.66 0.549 0.05 1.85 99.48 101 199 9 32 37 -1 180 22307 60.50 15.19 7.03 0.015 3.13 1.07 6.14 1.61 0.764 0.11 3.21 98.78 233 98 19 22 143 2 160

METHOD BLANK 0.02 0.02 -0.01 -0.001 -0.01 -0.01 -0.01 -0.01 0.004 -0.01 -1 -1 -1 -1 1 -1 -5 SY3CERT ~ 11.75 6.49 0.32 2.67 8.26 4.12 m 0.15 0.54 1.16 450 JQ£ ill 6.8 320 20 50 syenite

SY-3/B 59.58 11.40 6.47 0.323 2.59 8.16 4.10 4.15 0.139 0.54 432 299 723 7 312 22 50 NIST 694 CERT 1.1..£Q 1.80 0.79 Q,Q1 0.33 43.60 0.86 0.51 0.11 30.20 1736 western phosphate rock

NIST694/C 11.19 1.92 0.78 0.012 0.33 42.31 0.90 0.60 0.116 28.43 116 942 141 3 107 2 1561 W-2CERT 52.44 15.35 .1Q1.1 0.163 6.37 10.87 2.14 0.627 1.06 0.131 0.60 182 1M £i 35 94 1.3 262 diabase

W-2/C 52.27 15.17 10.73 0.163 6.26 10.74 2.29 0.64 1.055 0.13 172 191 20 36 83 1 263 DNC-1 CERT 47.04 11UQ 9.93 QJ£l. 10.05 11.27 1.87 ~ ~ 0.085 0.60 ill 145 1§ II 41 1 148 dolerite

DNC-1/C 46.80 18.20 9.85 0.144 10.09 11.12 1.96 0.25 0.479 0.06 105 139 17 31 33 -1 139 BIR-1 CERT 47.77 ~ 11.26 QJ1.1 9.68 13.24 1.75 0.027 0.96 0.05 7.7 108 ~ 44 22 0.58 313 basa~ ..... --~.

BIR-1/B 47.58 15.33 11.25 0.169 9.63 13.21 1.89 0.03 0.956 0.03 8 107 15 43 13 -1 322 ~l_~ ~.)

GBW 07113 CERT R1§. 12.96 ill QJ..1Q lli 0.59 2.57 ~ 0.30 ~ 506 43 ~ 5.2 403 ~ 3.8 granite

GBW07113/B 72.73 12.67 3.13 0.136 0.14 0.58 2.56 5.41 0.273 0.04 482 39 44 5 387 4 34 NBS 1633b CERT ~ 28.43 1.1J1 0.020 0.799 2.J.1. 0.271 2.26 1.32 0.53 709.1Qi1 41 296 fly ash : ,.J NBS 1633b/B 49.13 28.29 11.06 0.016 0.78 2.15 0.27 2.32 1.281 0.53 709 1022 83 41 220 13 290 STM-1 CERT ~ 18.39 ~ 0.22 0.101 1.09 8.94 ill 0.135 0.158 560 ZQQ 46 0.61 ll1Q 9.6 (8.7 syenite ~.,:.....l

STM-1/B 59.46 18.29 5.22 0.220 0.09 1.14 8.87 4.25 0.135 0.15 593 700 42 -1 1210 9 -5 IF-G CERT 41.20 ill 55.85 0.042 1.89 1.55 0.032 0.012 Q.Q14 0.063 1.5 3 ~ 0.38 2.4 4.7 4 iron form sample (~~J IF-G/B 41.08 0.14 55.34 0.038 1.90 1.54 0.02 -0.01 0.009 0.06 8 5 9 -1 15 5 -5 -.J

FK-N CERT 65.02 ll&1 Q..Q!! 0.005 0.01 QJ1 2.58 1lJU 0.02 ~ 200 39 0.3 0.05 13 1 3 K-feldspar 1', ~/'\ FK-N/B 65.29 18.42 0.09 0.002 -0.01 0.10 2.55 12.43 0.009 0.01 200 37 -1 -1 -1 1 -5 ~- -....y

"t:

Note: Certificate data underlined are recommended values; other values are proposed except those preceded by a "(" which are information values. ~~ Note: The Fe203 for the standards is Total Fe203 and has not been adjusted for the FeO.

Negative values indicate less than the reporting limit lOI values less than -0.01% represent a Gain on Ignition

Laboratory Manager

Page 1 of 1 9/23/2004

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Page 52: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

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-

- - - - - - - - - - - - - - -Lithogeochem (Standard Package) Job #: A04-2671 Report #: A04-2671 Trace Element Values Are In Parts Per Million. Negative Values Equal Not Detected At That Lower limit. Sample 10: V Cr Co NI Cu Zn 22304 137 154 50 310 356 101 22305 136 165 31 257 227 199 22306 184 122 44 123 185 88 22307 164 220 2 47 8,480 49

42671 RPT.XLS

Ga 21 22 18 24

Ge 1 1 2 1

Customer: WGM

As Rb Sr 90 57 238

132 52 289 -5 22 196 -5 58 98

y 18 18 10 20

Zr 150 152 40

147

Nb 8 8 2

10

Mo -2 -2 -2 12

Contact: J. Hlnzer

Ag In -0.5 -0.2 -0.5 -0.2 -0.5 -0.2 -0.5 0.2

Sn -1 2

-1

Sb 0.6 1.6 0.6 1.0

Control Matenal W2 Certified W2

248 262' 163

88 93' 803

42 44' 198

67 70'

2,550 (2700)

98 103'

5,340 (5900)

66 77' 107

19 1 20' (1.0) 11 2

-5 1.2 10 (7)

19 184 20' 194'

21 24' 14

83 94' 53

7 -2 -0.5 (0.046)

1.5 (2.7)

-0.2 -1 -0.5 0.79

3.3 (1.8)

Control Matenal WMG-l Certified WMG-l

Blank Standard MAGl Certified MAGl Standard BIRl Certified SIR 1 Standard DNCl Certified ONCl Standard GXR2 Certified GXR2 Standard LKSD3 Certified LKS03 Calibration Standard MICA Fe Certified MICA Fe Standard GXRl Certified GXRl Standard SY3 Certified SY3 Calibration Standard STMl Certified STMl Calibration Standard IFGl Certified IFGl

7,9 (0.6) 2 39 5 -2 -0.2 -1

(149)

-5 142

140' 313

313' 166

148' 62 52 76 82

126 135'

94 80 50 50 -5

(8.7) 8 2

(770)

-20 100 97' 388

382' 278

285' 33 36 85 87 85

90' -40 12

-40 (11) -20

(4.3) -20

4

(200)

-1 21

20.4' 51

51.4' 55

54.7' 8

8.6 30 30 24

23' 8

8.2 8

8.8 -1

0.9 28

29'

-20 52

53' 162

166' 249

247' -20 21 50 47 40

35' -40 41

-40 11

-20 (3) 25 23

NOTE: '*' '" RECOMMENDED VALUES

'( )' '" INFORMATION VALUES

ALL OTHER VALUES ARE PROPOSED

-10 29

30' 119

126' 9S

96' 67 76 32 35

-10 5'

1,120 1,110

-20 17

-10 (4.6)

-10 13'

(110)

-30 121

130' 57

71' 62

66' 409 530 -30 152 404

1300' 769 760 246

244' 260

235' -30 20'

(10.3)

-1 -1 25 1

20,4' 16 16 1.5 15 1 15 (1,3) 45 -1 37 17

94 3 95' 3.2 15 3 14 35 3

27' 1.4 37 2

36' (1,4) -1 24

0.7 24

-5 11

9.2 -5

(0.4) -S

(0,2) 28 25 44 27

6 3

426 427

32 19

6 4.6

-S 1.5

(4) (41) (12)

-2 -2 -1 153 141 28

149' 146' 28' -2 105 15

0.25' 108' 16' 4 139 17

(4.5) 145' 18' 73 152 17

78.0 160 17 77 249 30 78 240 30

2,070 4 45 2200' 5' 48'

-4 296 32 (14) 275 32 209 301 803

206' 302' 718' 114 658 44

118' 700' 46' -2 4 10

0.4 3 9-

(43)

-5 122

126' 13 16 33

41' 231 269 164 178 802

800' 27

(38) 345 320

1,210 1210'

-5 1

(6) (1.4)

-1 -2 15 -2 12 1.6 -1 -2

0.6 (0.5) 1 -2 3 (0,7)

10 -2 11 (2,1) 9 -2 8 «5)

280 -2 270' 1.2

-2 18 (0.8) 18 131 -4 148 (1.0) 255 5

268' 5.2 -1 -2

0.1' 0.7

-0.5 -0.5 0,08 -0.5

(0,036) -0.5

(0,027) 13.S

17 1.3 2.7

-0.5

31 31 -1

(1.5) 0.7

0,079' -0.5

-0.2 -0.2

(0.18) -0.2

-0.2

-0.2 (0.252)

-0.2

0.6 0,60

0.8 0.8

-0.4

-0.2 (0.12)

-0.2 0.2

NOTE: WE RECOMMEND USING OPT/ON 481 FOR ACCURA TE LEVELS OF BASE METALS Cu,Pb,Zn,Ni,Ag AND OPTION 4B-INAA FOR As,Sb, HIGH W>100PPM AND Cr>1000PPM;

AND Sn>50PPM BY CODE 5D. VALUES FOR THESE ELEMENTS PROVIDED BY ICPlMS ARE ORDER OF MAGNITUDE ONI.. Y AND ARE PROVIDED FOR GENERAL INFORMATION.

MINERALIZED SAMPlES SHOULD HAVE THE QUANT 0P170N SELECTED OR REQUEST ASSA YS FOR VALUES WHICH EXCEED THE RANGE OF OPTION 481.

Certified By:

C. Douglas Read, B.Sc Laboratory Manager, Activation Laboratones Ltd.

This report shall not be reproduced except In full without the written approval of the laboratOry. Unless otherwise Instructed, samples will be disposed of 90 days from the date of this report.

Page 1 of 2

Date Received: 13-SEP-Q4

Date Reported: 24-5EP-Q4

(2.2)

-1 -0.5 5 0.8

3.6 0.96' 2 -o.S

0.65 0.58 3 0.9

0.96' 3 25.9

1.7 49 4 1.3 3 1.3

70 -0.5 70' 55 62 54 122 10 -1

(6.5) 0,31 8 1.7

6.8 1.66' 1 0.7

0.3 0.63

Cs 2.0 1.4 1.1 1.1

0.8 0.99'

-0.5 (0.48)

-0.5 8.6

8.6' -0.5

0.005 -0.5

(0.34) 4.7 5.2 2.3 2.3 160

180' 3

3.0 3 3

1.5 1,54'

-0.5 0,06

-Sa

788 783 103 233

166 182' 112

(114)

-3 499

479' 7 7

101 114'

2,490 2,240

673 680 143

150' 693 750 447 450 580

560' 7

1,5

-La

38.2 38.5

6.0 6.9

11.6 11.4'

8.S (8.2)

-0.1 46.0 43' 1.1

0.62' 4.2

3.8' 25.6 25,6 53.8

52 197

200' 9.8 7.5

1,290 1340'

154 150'

3.9 2.8'

Ce 74.4 75.6 12.7 15.9

24.1 24'

17.4 (16)

-0.1 92.7 88' 2.3

1.95' 8.9

10.6 51.2 51.4 99.8

90 415

420' 16.6

17 2300

2230' 263

259' 4.7 4'

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Page 53: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - - - - - - - - - - - - - - - - - -42671 RPT.XLS

Lithogeochem (Standard Package Trace Element Values Are In Parts F Sample 10: Pr Nd Sm Eu Gd Tb Oy Ho Er Tm Yb Lu Hf Ta W TI Pb Bi Th U 22304 7.78 31.2 5.5 1.23 4.2 0.7 3.6 0.7 2.0 0.27 1.7 0.28 4.0 0.5 1 0.6 14 3.8 7.7 1.5 22305 7.88 31.6 5.4 1.33 4.1 0.7 3.6 0.7 2.0 0.27 1.7 0.27 4.0 0.5 -1 0.5 60 2.1 7.8 1.6 22306 1.49 6.8 1.7 0.67 1.8 0.3 2.1 0.4 1.3 0.17 1.1 0.17 1.2 0.2 3 0.3 9 1.4 1.2 0.4 22307 1.85 8.1 2.4 0.43 2.7 0.6 3.8 0.8 2.3 0.33 2.1 0.33 4.3 1.0 2 0.7 10 26.2 11.5 5.1

Control Material W2 2.93 12.9 3.2 1.11 3.6 0.7 3.9 0.7 2.3 0.33 2.0 0.30 2.4 0.5 -1 0.2 6 -0.4 2.0 0.5 Certified W2 (5.9) 14.0 3.25" 1.1" 3.6" 0.63 3.S" 0.76" 2.5 0.4 2.05" 0.33" 2.56" 0.5 (0.3) (0.2) 9 (0.03) 2.2* 0.53 Control Material WMG-l 2.12 9.5 2.4 0.78 2.5 0.5 2.5 0.5 1.5 0.21 1.3 0.20 1.5 0.3 -1 -0.1 15 6.1 1.2 0.6 Certified WMG-l (9) (2.3) (O.S) (0.4) (2.S) (0.5) (0.2) (1.3) (0.21) (1.3) (0.5) (1.3) (15) (1.1) (0.65)

Blank -0.05 -0.1 -0.1 -0.05 -0.1 -0.1 -0.1 -0.1 -0.1 -0.05 -0.1 -0.04 -0.2 -0.1 -1 -0.1 -5 -0.4 -0.1 -0.1 Standard MAGl 10.12 39.0 7.5 1.55 6.1 1.0 5.4 0.9 3.0 0.44 2.6 0.39 3.6 1.2 1 0.7 23 -0.4 11.7 2.7 Certified MAGl 9.3 3S" 7.5' 1.55' S.S' 0.96" 5.2' 1.02' 3 0.43" 2.6' 0.40" 3.7" 1.1 1.4 (0.59) 24" 0.34 11.9" 2.7" Standard BIRl 0.44 2.6 1.2 0.56 1.9 0.4 2.7 0.6 1.8 0.28 1.7 0.26 0.6 -0.1 -1 -0.1 -5 -0.4 -0.1 -0.1 Certified BIRl 0.3S" 2.5' 1.1" 0.54" 1.SS' 0.36" 2.5" 0.57" 1.7' 0.26' 1.65 0.26' 0.6' 0.04 0.07 (0.01) 3 (0.02) 0.03 0.01 Standard DNCl 1.11 5.1 1.5 0.63 2.0 0.4 2.9 0.6 2.0 0.31 1.9 0.30 1.0 0.1 -1 -0.1 8 -0.4 0.2 -0.1 Certified ONCl 1.3 4.9" 1.3S' 0.59' 2 0.41' 2.7 0.62 2' (0.33) 2.01" 0.32' 1.01' 0.09S" (0.2) (0.026) 6.3 (0.02) (0.2) (0.1) Standard GXR2 5.15 19.2 3.5 0.73 2.9 0.5 2.8 0.5 1.7 0.26 1.6 0.26 6.5 0.8 1 1.5 269 -0.4 7.6 2.6 Certified GXR2 (19) 3.5 O.Sl (3.3) 0.48 3.3 (0.3) 2.04 (0.27) S.3 0.9 1.9 1.03 690 (0.69) S.S 2.9 Standard LKSD3 12.2 46.5 8.5 1.57 6.6 1.0 5.3 1.0 3.1 0.47 2.8 0.44 4.8 0.7 2 0.7 -5 -0.4 10.3 4.5 Certified LKS03 44 8.0 1.50 1.0 4.9 2.7 0.4 4.8 0.7 (<4) 29 11.4 4.6 Calibration Standard MICA Fe 47.5 174 33.0 0.61 21.1 2.7 10.4 1.3 3.8 0.53 3.2 0.47 26.1 32.9 8 15.9 -5 0.9 150 80.3 Certified MICA Fe 49' lS0" 33" 0.7" 21" 2.7" 11' 1.6" 3.S" 0.48" 3.5" 0.5" 26" 35" 15 16 13" 2 150" 80" Standard GXRl 2.2 9.3 3.1 0.7 4.2 0.9 5.3 0.9 3.0 0.4 2.4 0.33 0.8 -0.2 168 0.9 731 1380 2.5 33.0 Certified GXRl (lS) 2.7 0.69 4.2 0.83 4.3 (0.43) 1.9 0.3 1.0 0.175 164 (0.39) 730 1,3S0 2.44 34.9 Standard SY3 225 772 135 20.3 125 24.9 150 29.6 98.3 14.4 74.4 9.20 10.8 14.9 -2 3.3 132 6.7 926 563 Certified SY3 223' 670 109 17" 105" lS 118 29.5" 6S 11.6" (62) 7.90 9.70 3~" 1.1" 1.50 133" (0.8) 1003" 650" Calibration Standard STMl 24.9 77.9 12.1 3.58 8.8 1.5 8.1 1.4 4.5 0.68 4.4 0.62 27.9 18.4 3 0.5 26 4.0 29.0 8.4 Certified STMl 19" 79" 12.6' 3.6' 9.5' 1.55' 8.1" 1.9 4.2' 0.69 4.4" 0.60 28' lS.6" 3.6' 0.26 17.7' 0.13 31' 9.06" Calibration Standard IFGl 0.58 2.1 0.4 0.39 0.7 0.1 0.9 0.2 0.7 0.10 0.6 0.10 -0.2 0.2 220 -0.1 -5 1.2 -0.1 -0.1 Certified IFG1 0.4' 0.2 0.4' 0.39" 0.74" 0.11' O.S" 0.2" 0.63' 0.09' 0.6' 0.09' 0.04 0.2 220 0.02 4 0.1 0.02

Page 2 of 2

Page 54: GEOL DIAMOND DRILL RPT - Ontario...Inco Limited and Falconbridge Limited, the Sudbury area is the western world's largest producer of nickel and the location of the largest fully integrated

- - - - - - - - - - -Actlabs PGE (1C·EXP) Job #: A04·2671 Sample ID: Sample Wt(g) 22304 15 22305 15 22306 15 22307 15 22307 Rep 15

Blank Control Material UMT·1 Control Material WMG· 1

Cert Data UMT·1 Cert Data WMG·1

30 2 2

42671 BRP .XLS

Report#: A04·2671 B Client: WGM Contact: J. Hinzer Pd ppb Pt ppb Au ppb

27 39 15 15 22 14 -4 ·5 7 15 6 64 17 8 82

·4 ·5 ·2 114 118 44 384 738 103

106 129 48 382 731 110

Certified By:

dJ C. Douglas Read, B.Sc Laboratory Manager, Activation Laboratories Ltd.

This report shall not be reproduced except in full without the written approval of the laboratory.

Unless otherwise instructed, samples will be disposed of 90 days from the date of this report.

Page 1 of 1

- - - - - - - -

Date Received: 13·Sep·04

Date Reported: 13·0ct·04