1377753 ontario inc

1377753 ONTARIO INC.

ASSESSMENT REPORT

DIAMOND DRILL HOLES

K15-62 and K15-62A

WALKER TOWNSHIP (G-3584)

LARDER LAKE MINING DIVISION, ONTARIO

(DISTRICT OF COCHRANE)

FOR


PROVINCIAL RECORDING OFFICE - SUDBURY

RECEIVED

FEB l 8 2005A.M. ""^^ p.M.

SUBMITTED BY

WAYNE CORS TORPHINE

42A10NE2020 2.29453 WALKER

NTS 42A/9-10

UTM 17U529363mE75393104mN(NAD83)

010

TIMMINS, ONTARIO

February 14.2005

Between October 29 and November 4, 2004 numbered company 1377753 ONT INC.

completed 312.0 metres of diamond drilling in two holes on staked mining claim L 1140851 in

Walker Township, Ontario. Claim 1140851 equates to the SW1/4, Nl/2 of Lot 5, Concession V

of the Township.

The property is located approximately 60 kilometres east-northeast of Timmins, Ontario.

Concession roads and local logging roads lying north of the Black River and the town of

Matheson offer excellent access into the work area.

Drill core was logged and sampled at a facility just off the Airport road in Timmins. It is

also currently in storage at the same location. Logging was completed on November 23, 2005.

The splitting of 14 samples was finished up December 15, 2004. The samples were shipped by

bus on December 16, 2004 to Swastika Labs in Swastika, Ontario where they were analysed for

their gold content. Check analyses were also carried out by the lab.

Drill hole K15-62A was the first attempt to drill test a targeted IP anomaly. The hole was

terminated at 54.0 metres when the rods broke through into overburden after drilling 3.0 metres

of what was thought to be bedrock. The hole was re-collared as K15-62 30.0 metres behind the

abandoned hole and successfully completed to a depth of 258.0 metres.

Field supervision of the drill program was carried out by Merle Cosby. Core logging and

the sampling of 14 core intervals (sample numbers 60051-64) was performed by Wayne

Corstorphine, the author of this covering report.

Seventeen additional samples (27.0 through to 48.9 metres) are to be split and analysed at

some future date.

Mr. Cosby resides at 13 Windermere Road, St. Catherines ON, L2T 3W1 - Tel 905-684-

7953. The author's address is 441 Hart Street, Timmins ON, P4N 6X3 - Tel 704-264-3090.


-2-

The following history of the Cosby Property is summarized from a January 2005

compilation by MPH Consulting Limited of Toronto. The data is used here with the permission

of MPH and Mr. Cosby.

1979 Hollinger Mines Ltd.

Ground magnetometer and very low frequency ("VLF-EM") surveys over six

claims in the S1/2 of Concession V, on Lots 3 and 4, Walker Twp. The western

portion of the surveys extended onto the SE corner of the Cosby Property. Three

diamond drill holes were drilled including two (WA1-1-79 and WA1-2-79) on a

north-south section located about a kilometre east of the Cosby Property.

1981-82 Amax minerals Exploration Ltd.

Exploration on eight claims Concession Vein, Lot 5 Walker Twp. - now a large

portion of the western half of the Cosby Property. Electromagnetic survey and a

single diamond drill hole (l 131-09-1) in this area.

Early 1980's Ontario Geological Survey

Operation Black River Matheson ("BRIM"), a multi-disciplinary geoscience

program focusing on forty townships between Nighthawk Lake and the Quebec

border included Walker Township. In 1983 a Questor airborne Input Survey at

200m line spacing (aeromagnetic and electromagnetic data). Regional basal till

sampling by the OGS.

1985-88 Merle Cosby

Mr. Cosby's original staking was in 1985. The initial property consisted often

contiguous claims in Concession V, Lot 5 and the north half of Lot 6. In 1985

magnetic and VLF electromagnetic surveys on north-south lines at 400 foot

spacing over the east half of the property. In 1986-88 period, prospecting and


-3-

soil geochemical activities. In 1989 a compilation report by Gillick. Claims

lapsed.

1990-98 1377753 Ontario Inc.

Current Cosby property, held by 1377753 Ontario Inc. was acquired in stages

beginning with the re-staking of the nucleus of the original Concession Vein, Lot

5 area in September, 1990. Additional claims were staked in November 1993

and June 1998 to bring the property to its current size and configuration. In

incremental stages (1992, 1994, and 1996) horizontal loop electromagnetic

("HLEM") coverage was gradually completed over the property grid. This was

followed in May 1998 by a reconnaissance gravity survey over part of the

property. In April 1999 a single diamond drill hole was completed near the

centre of Concession Vein, Lot 5, followed by an Induced

Polarization/Resistivity ("IP") survey along three selected grid lines in the area.

2000 Falconbridge Limited

Optioned property from 1377753 Ontario Inc. under agreement dated October

31, 2000. In second half of 2001 line-cutting (north-south lines at 100 metre

spacing), ground magnetometer and HLEM surveys. Completed a single 258

metre diamond drill hole. Borehole Time-Domain Electromagnetic ("TDEM")

followed. Falconbridge held the option into the 2001-2002 year by notifying the

Company of its intention to continue and by making the second option payment.

No further work was done and the agreement was subsequently terminated.

References:

2005 Coates, Howard (January, 2005) an "Independent Technical Report on the Cosby

Property", MPH Consulting Limited.


Kirkland Wawa lake

NE

Property Location

ikccM w ilkerTwp

LTM Zona 17 1000m gr O Cosby/1377753 Ontarian Inc. Property Scale 1:25,000

53HOOON

-8341K'*t. B390000N

KHOOX

JTMZom tr BOOOngnd Drill Hole Location Map scale 1*0,000

Estat ,:d 1928

Swastika Laboratories LtdAssaying - Consulting - Representation

ertificate

Company: IS RLE COSBYProject: V. .erAnn: V "orstorphine

4W-2863-RA1

Date: DEC-21-04

We hereby . submitted I

SampleNumber

6005160052600536005460055

6005660057600586005960060

60061600626006360064Blank

STD XK18

the follov \ssay of 14 Core 7-04 by .

Au Au Checkc onne g/ tonne

Nil3.250 . 02NilNil

0.060.080.09Nil

1 . 03 1 . 02

1.651.284.94 5.210.03Nil

3.61

samples

Agg/ tonne

0.10 . l0 . 10.20.1

0 . 10.10 . 10 . 10.1

0.10.10.10.1

-

Cenified byL

Cameron Ave., P.O. Box 10, Swastika, Ontario POK l TO Telephone (705) 642-3244 Fax (705) 642-3300

^ k i o Ministry of Ministeredu f jnr^l ft /"\ Northern Development Developpement du Nord Vea/l ILUI lw and Mines et des Mines

Under section 8 of the Mining Act, this information is used to maintain a public record

Drilling Company Com pagnie de forage Colbert Drilling and Exploration Co.

Date Hole Started Date de commencement du forage

October 29, 2004

Exploration Co., Owner or Optionee Compagnie d'exploration, proprietaire ou titulaire d'option

1 377753 ONT INC.

Footage/Avancement

From/De0.0

48.0

51.0

To/A48.0

51.0

54.0

54.0

Rock type

Type de rocheCasing

Felsic Schist

Overburden

Core Size Dimensions de la carotte BQ

36.5 mm diameterDate Completed Date d'achevement Octobre 30, 2004

Diamon Drilling Log

Auxtermes de Particle f

Collar Elevation Elevation du collier

Surface

Date Logged Date description au journal November 23, 2004

d Journal de Complete this form and FNI in on every page Hole NO. Pc related Sketch in duplicate Rempiir ces cases ^ Forage n' P T O ra Q 6 au ~ ,. . . . chaaue oaaew wye au Rempiir en deux exemplaires la H M adiamant presente form uleet le croquis annexe

i de la Loi sur les mines, ces renseignements serviront a tenir a jour les dossiers publics.

Bearing of hole from true North/Position du forage par rapport au nord vrai 360 d eg

Total Footage Dip of Hole at ' Avancement total Inclinaison du forage au du forage 54.0 m

Collar/collier -50 degLogged by (print) Inscrit par (ecrire en lettres moulees) Ft/Pi

No TestsWayne Corstorphine

Ft/Pi

Logged by (Signature)Inscrit par (siqnature) .. .- Ft./Pi

^^^^M /sjj .' /L~6r Ft vpi |

Ft/Pi |

Description (Colour, grain size, texture, minerals, alteration, etc.)

Description (Couleur, granulometric, texture, mineraux, transformation, etc.)

Light buff to yellowish grey, fine-grained, groundmass; strongly schistosewith light whitish quartz-carbonate veinlets in schistosity planes.Core angles variable 40 to 60 degrees.Nil sulphides observed.Core is badly broken up

Series of boulders cored with quantity of silt or siltyBoulders are in order of 10 to 30cm

till.in size and represent various rock

types - garnet-bearing, dark black-grey amphibolite of fine to mediumgrain size. Massive.A medium-green, fine-grained metavolcanic.A grey, fine-grained metasediment and a dark blackish green, medium-grained Metagabbro.

End of Hole - Abandoned after breaking through into overburden andlosing water return.

Address/Location where core stored Adresse/endroit ou la carotte est stockee

Airport Road Timmins ON

Pamar Feature Angle * /Angle del caractanatiquae pbnea

Cora Spaciman Footage t /Longueur an piadt dee carollet preMea

Your Sampla No. N- d'eohanfflon du proapecleur

age No. agen"

t

Map Reference No. Claim No. N' de reference sur la carte N 0 de concession miniere

G-3584 L 1140861

Location (Twp. Lot, Con. or Lat. and Long.) Emplacement (canton, lot, concession, ou latitude et longitude)

Walker Twp UTM: NAD 83 L 5, N1/2, SW1/4.C5 17U 529363E

5393 134N

Property Name Nom de la propriety Cosby

Sample Footaga Nivoau da pralewnent de I'echentiton (an pwde}

From/De To/A

Sample Length Longueur da rachanlilon

Assays/Analyses mineralurgiques

0204 (09/00)

*For features such as foliation, bedding, schistosity, measured from the long axis of the core.*Exemples de caracteristiques : foliation, schistosity stratification. L'angle est mesure par rapport a I'axe longitudinal de la carotte.

42A10NE2020 2.29453 WALKER 020

7ryj\ f\ t * Ministry of Ministere du 1 Vy 1 l ll^Tilini.^ Northern Development D&veloppemsnt du Nord yVy \~fl ILdl lw and Mines et des Mines




October 31, 2004

Exploration Co., Owner or Optionee Compagnie d'exploration, propnetaire ou titulaire d'option

1377753 ONT INC.

Footage/Avancement

From/De0.0

27.0

To/A27.0

88.6

Rock type

Type de rocheCasing

Felsic Tuff/Schist


36.5 mm diameterDate Completed Date d'achevement November 4, 2004

Diamond Journal de Complete this form and Fin in on every page nriiiinr. f^ro^o,, related sketch in duplicate. Rempiir ces cases ^ Drilling forage au Remp|jr en deux exPmp|aires |a chaque pageLog diamant presente formule et le croquis annexe

. Aux termes de {'article 8 de la Loi sur les mines, ces renseignements serviront a tenir a jour les dossiers publics.


Surface


Bearing of hole from tiue North/Position du forage par rapport au nord vrai 360 deg

Total Footage Avancement total du forage 258.0 m

Logged by (print) Inscrit par (6crire en lettres mouses)

Wayne Corstorphine

Logged by (Signature Inscrit oar (signature)

gfil^jf^

)

^/Vp^^t

Dip of Hole at Inclinaison du forage au

Collar/collier .50 deg

171.0 M

258.0 M

r M

M

-47

-44

M l


Description (Couleur, granulometric, texture, m neraux, transformation, etc.)

Rhyodacite to DaciteHighly variable appearance through initial 17.0m due to fracturing, limonite staining andblocky nature of core.Significant S-6% white to creamy white quartz-carbonate veinlet material dispersedthroughout and continuing in lesser concentration into more competent section44 .Om. Veining is

paston mm to cm scale.

Medium green to grey green colour. Fine-grained, massive to foliated texture, in placesheavily streaked by fault/shear-related micro veinlets of pale alteration colours.Numerous blocky,303233

.6-31.9: Blockydiscoloured intervals:

with minor gouge..6-32.9: Limonite stained, soft rubble..6-37.8: Reddish alteration - feldspathization - but possibly hematite.36.4-37.8: Blocky core.

404243

.5-40.8: Quartz-carbonate vein - barren aspect.

.6-43.0: Limonite stained rubble.

.7-44.1: Limonite stained fault - soft gouge at centre.44.1-56.5: Competent, fresher rock of medium grey-green colour - variable shades and

Address/Location where core stored Adresse/endroit oil la carotte est stockee


Planar Feature Angto ' /Angle del earaeterlttiqueft ptanee

Cora Specimen Foofcge t /Longueur en pieda dea carottee prate*M

Your Sample No N' d'echanlikm du proepectour

60065

60066

60067

60068

60069

60070

60071

60072

60073

60074

60075

60076

60077

60078

60079

60080

60081

Map Reference No. N 0 de reference sur la carte

G-3584

Hole No. Page No. Forage n" Page n"

K15-62 1

Claim No. N" de concession miniere L 1140851

Location (Twp. Lot, Con. or Lat. and Long.) Emplacement (canton lot, concession ou latitude et longitude)

Walker Twp UTM: NAD 83 L 5, N1/2, SW1/4, C5 17U 529363E

53931 04N

Property Name Norn de la propriete

Sample Footage Niwaudeprelevementoe lechannfcn (en pwde)

From /De

27.0

28.5

30.0

31.5

32.6

33.6

35.1

36.6

37.8

39.3

40.4

40.9

42.4

43.4

44.4

45.9

47.4

To/A

28.5

30.0

31.5

32.6

33.6

35.1

36.6

37.8

39.3

40.4

40.9

42.4

43.4

44.4

45.9

47.4

48.9

Cosby

Sample Length Longueur de rfchenifcn

1.5

1.5

1.5

1.1

1.0

1.5

1.5

1.2

1.5

1.1

0.5

1.5

1.0

1.0

1.5

1.5

1.5

Assays/Analyses mineralurgiquesAug/t Check

0204 (09/00)

'For features such as foliation, bedding, schistosity, measured from the long axis of the core.'Exemples de caracteristiques : foliation, schistosity stratification. L'angle est mesure: par rapport d I'axe longitudinal de la carotte.

42A10NE2020 2.29453 WALKER 030

® ^\ t * Ministry of Ministers du l jnr^inr) Northern Development Developpemsnt du Nord \*fl ILQI lw and Mines el des Mines


Drilling Company Compagnie de forage Colbert Drilling and Exploration Co.


October 31, 2004

Exploration Co., Owner or Optionee Compagnie d 'exploration, proprietaire ou titulaire d'option

1 377753 ONT INC.

Footage/Avancement

From/De To/A

Rock type

Type de roche



Diamond Journal de Complete this form and FJII in on every page n .,,. M fc*M*,*.,, related sketch in duplicate. Rempiir ces cases ^ Drilling forage au Remp|jr en deux e)(Pmplaires la chaque pageLog dtamant presente formule et le croquis annexe

. Aux termes de ('article 8 de la Loi sur les mines, ces renseignements sen/iron) a tenir a jour les dossiers publics.


Surface

Date Logged Date d'inscription au journal November 23, 2004

Bearing of hole from tnje North/Position du forage par rapport aunord wai 360 deg


Logged by (print) Inscrit par (ecrire en lettres moulees)

Wayne Corstorphine

Logged by (Signature) Inscrit par (signature)



171.0 M

258.0 M

-47

-44

M

M

M


Description (Couleur, granulometric, texture, mineraux, transformation, etc.)textures, but same rock type. Accumulation of episodic tuffaceous material.Colouring also affected by weak alteration.

48.6-49.2: Very weak fuchsitic cast from alteration.50.5: 1-3cm quartz vein at 20 deg. Trace pyrite.51.9-52.2: Quartz veinlets - 25"Xo with barren aspect.52.2-56.5 Very weak, variable fuchsitic green colour to the tuff. No sulphides

56 .5-61.0: Very fine, near aphaniticnoted.

section. Slightly paler aspect. Fragment-like formsin places. Suspect same rock type.

61 .0-72.7: Uniform section of fine tuff - light greenish-grey, foliatedFaint fuchsitic cast at 71.5-72.5 - nil sulphides, nil veining.

poorly bedded.

63.0: Quartz-carbonate veinlet.72.7-73.2: Fault zone - blocky core75

local gouge..3-88.6: Shear zone with 60 deg core angles. Schistose parting. Nil sulphides. Distinctbeige colour. A strong shear structure representing a major zone. Core of zoneresembles felsic schist in K15-62A. Core angles at 50 deg.79.5-80.5: Muddy fault gouge containing bright green fuchsite colouring. Nil sulphides

observed.Lower contact of unit indistinct due to fault/shear structure.



Planar Feature Angfa ' /Angle dH caraclerwtlquee pknea

Core Specimen Footojge t /Ungueuf n pieda dee carattn prebvVM

Your Sample No N- d'echantiton du proepecleur


G-3584

Hole No. Page No. Forage n" Page n 0

K15-62 2

Claim No. N 0 de concession miniere L 1140851

Location (Twp. Lot, Con. or Lat. and Long.)Emplacement (canton, lot, concession, ou latitude et longitude)


5393 104N

Property Name Nom de la propri^te Cosby

Semple Footage NivMu de pnHevemant d* recnanHlon (an pieda)

From/De To/A

Sample Length Longueur de rechantifan


0204 (09/00)

'For features such as foliation, bedding, schistosity, measured from the long axis of the core."Examples de caracteristiques : foliation, schistosity stratification. L'angle est mesure par rapport a I'axe longitudinal de la carotte.

^^ i * Ministry of Minlstere du l ini2S|r*|^\ Northern Development Developpement du Nord VB/I ILUI lw and Mines et des Mines



Date Mole Started Date de commencement du forage

October 31, 2004


1 377763 ONT INC.

Footage/Avancement

From/De88.6

98.2

To/A98.2

135.0

Rock type

Type de rocheAltered

Intermediate FlowBreccia

Mafic Volcanic



Diamond Journal de Complete this form and PHI in on every page nriiiirw* for*,.* *,, related sketch in duplicate. Rempiir ces caeee ^ Drilling forage au Remp|jr en deux ex^mplaires la chaque PageLog diamant presente formule et le croquis annexe

Aux termes de radicle 8 de la Loi sur les mines, ces renseignements sen/iron! a ten ir a jour les dossiers publics.


Surface


Bearing of hole from true North/Position du forage par rapport aunord wai 360 deg



Wayne Corstorphine




171.0 M

258.0 M

-47

-44

M |

M

M


Description (Couleur, granulometric, texture, mineraux, transformation, etc.)Distinct beige colour as rock in fault above.Appears colour is from sericitization of groundmass.Groundmass of rock is aphanitic and massive in appearance.Clear breccia fragment forms - rounded to sub-angular shapes. Size range from mm tocm and larger.Some intervals suggest fragments up to 40-50 cm.Monolithic, strong bleaching by sericitic alteration fluids.Matrix to larger fragments is finer breccia and fine tuffaceous rubble. Possible this isaltered mafic volcanic.Displays jumbled structure, very massive, blocky appearance but can show slightimbricate direction at 50 deg.Ni sulphides observed.Lower contact distinct - colour as well as structure change.

BasaltAppears altered although not bleached or sericitized.Initial 6-7m finely textured with hint of breccia structure.Gradational change through 109.0 to more coarsely textured groundmass.Local breccia or fragment forms as at 1 1 1 . 1 .



Planar Feature Angle ' /Angle de* cenctermbquM ptetw*

Core Specimen Footage t /Longueur en piedm dn carothn prebveet

Your Sennit No. H' d'echantiton du proepectaur


G-3584

Hole No. Forage n"

K15-62

Page No. Page n"

3


Location (Twp. Lot, Con. or Lat. and Long.)Emplacement (canton, lot, concession ou latitude et longitude)


5393 104N

Property Name Norn de la propriete

Semple Footage Niveeudeprelivememde rechentflon (en ciedt)

From/De To/A

Cosby

Simple Length Longueur de reclwititon


0204 (09/00)

'For features such as foliation, bedding, schistosity, measured from the long axis of the core. Examples de caracteristiques : foliation, schistosity stratification. L'angle est mesure par rapport a I'axe longitudinal de la carotte.

^ k i * Ministry of Mlnlsleredu l jnT.5i|'"|/^ Northern Development Developpemant du Nord V/l Ikm IVy and Mines et des Mines




October 31, 2004


1377753 ONT INC.

Footage/Avancement

From/De

135.0

To/A

146.2

Rock type

Type de roche

Altered MaficVolcanic



Diamond Journal de Drilling forage au Log diamant

Aux termes de {'article 8 de la Loi sur les mines, ces renseignements


Surface


Bearing of hole from true North/Position du forage par rapport au nord vrai 360 deg



Wayne Corstorphine


Complete this form and Fill in on every page Hole No. Page No. related Sketch in duplicate. Remplir ces cases ^ Forage n" Pagen" Remplir en deux exemplaires la c aquepage K15-62 4 presente formule et le croquis annexe

serviront a tenir a jour les dossiers publics.


Collar/collier .JQ deg

171.0 M

258.0 M

-47

-44

M |

M|

M |


Description (Couleur, granulometric, texture, mineraux, transformation, etc.)Becomes very dark green after 104 5 - dark blackish green matrix to some fragment/breccia patches.Overall massively structured rock.Light, faintly pinkish flecking starts to appear at 121spotting by flecks

.5m and develops to distinct 20Xoup to 1mm in size. Suspect leucoxene.

Unit is nonmagnetic.Note minor irregular cm sized patches of massive pyrite at 110.6-110.8.132.0-135.0: Increasing alteration of unit to a medium buff-grey. Texture unchanged.Lower contact gradational - alteration.

Increasing carbonate-sericite alteration changes rock into pale greywith local hints of

to buff-grey colourfuchsite-in places as small spots as at 139.5. Actually quite extensive

presence.Still identify leucoxene flecks.Well altered section.138.6-138.9: Fault structure. Gouge present with fuchsite in parting planes.Lower contact distinct at 90 deg.



Phnar Fealire Angle ' /Ang* dn caractarMlquee pknee

Core Specimen Footage t /Longueur en pied* dee caronei preleMei

Your Sample No. N* d'ftcnanoton du proepecteur

60051

60052

60053

60054

60055

60056

60057

Map Reference No. Claim No. N 0 de reference sur la carte N 0 de concession miniere

G-3584 L 1140851



5393 104N

Property Name Nom de la propriete Cosby

Sample Footage Niveau da pralawmnt de reohentilon (en piede)

From/De

136.5

138.0

139.5

141.0

142.5

144.0

145.5

To/A

138.0

139.5

141.0

142.5

144.0

145.5

146.2

Simpb L*ngtti LongtMur d* rferttntillon

1.5

1.5

1.5

1.5

1.5

1.5

0.7

Assays/Analyses mineralurgiquesAug/t

nil

0.25

0.02

nil

nil

0.06

0.08

Check

0204 (09/00)

*For features such as foliation, bedding, schistosity, measured from the long axis of the core.'Examples de caracteristiques : foliation, schistosity stratification. L'angle est mesure par rapport a I'axe longitudinal de la carotte.

/*\ i * Ministry of Ministeredu l }r\T^ir^f\ Northern Development Developpemant du Nord V./I IbCIl IW and Mines et des Mines

Under section 8 of the Min ng Act, this information is used to maintain a public record



October 31, 2004



Diamond Journal de Complete this form and PHI in on every page n . n . rt tnr*no. *., related sketch in duplicate. Rempiir ces cases ^ Drilling forage au Remp,jr en deux exemp|ajres |a chaque pageLog dtamant presente formule et le croquis annexe

. Auxtermes de ['article 8 de la Loi sur les mines, ces renseignements serviront a tenir a jour les dossiers publics.


Surface



13777530 NT INC.

Footage/Avancement

From/De146.2

152.4

To/A152.4

152.9

Rock type

Type de rocheFelsic Intrusive

Altered Volcanic


Total Footage Dip of Hole at Avancement total Inclinaison du forage au du forage 258.0 m



171.0 M -47Wayne Corstorphine

258.0 M -44Logged by (Signature) Inscrit par (signature) M

M

M


Description (Couleur, granulometric, texture, mineraux, transformation, etc.)

Sericite SchistPossibly highly altered quartz porphyry. Quartz not readily identified but suggestedthrough alterationBuff colour - very

mask.pale, foliated to schistose.

Alteration has homogenized the groundmass.Carries 1 07o fine pyrite and trace to 1 0Xo locally acicular arsenopyrite.Uniform overall appearance.Lower contact distinct at 70 deg.

Mafic protolith??Bright yellow sericite throughout this narrow section.Proportion of white quartz S-8% and carbonate S-8%.Strong fault/shear fabric.Local delicate semimassive pyrite stringers and arsenopyrite crystals - 1-2^0 py, trace to.50A arsenopyrite.152.9: 8cm reddish, hematitic shear - represents lower contact.



Ptamr FMtuf* Angto ' /Angle dm ciracttrwtiques pbnM

Cora SpKlimn faMst t (Lonoutur tn pjwte dM carottM prabrfM

Your San?b No. N* d'teraiKifcr) du prospocteur

60058

60059

60060

60061

60062

60063


G-3584

Hole No. Forage n 0

K15-62

Page No. Page n 0

5


Location (Twp. Lot, Con. or Lat. and Long.) Emplacement (canton, lot, concession ou latitude et longitude)


5393 104N

Property Name Nom de la propriete

Sampta Fofeot Nimu d* pntftwnwit d* I'fchantMon (tn pi*!*}

From/De

146.2

147.7

149.2

150.7

151.7

152.4

To/A

147.7

149.2

150.7

151.7

152.4

152.9

Cosby

SimpkUnglh Longmurd* rfcntnHfcn

1.5

1.5

1.5

1.0

0.7

0.5

Assays/Analyses mineralurgiquesAug/t0.09

nil

1.03

1.65

1.28

4.94

Check

5.21

0204 (09/00)

*For features such as foliation, bedding, schistosity, measured from the long axis of the core.*Exemples de caracteristiques : foliation, schistosity, stratification. L'angle est mesure. par rapport a I'axe longitudinal de la carotte.

® f\ t * Ministry of Ministers du l J|^'r3|f|f\ Northern Development Developpement du Nord VXl ILUI l\J and Mines et des Mines


Drilling Company Com pagnie de forage Colbert Drill ng and Exploration Co.


October 31, 2004

Exploration Co., Owner or Optionee Com pagnie d'exploration, proprletaire ou titulaire d'option

1377753 ONT INC.

Footage/Avancement

From/De152.9

154.0

154.3

154.8

To/A154.0

154.3

154.8

155.0

Rock type


IntermediateVolcanic

Graphitic Fault

AlteredIntermediate

Volcanic

Graphitic Fault



Diamond Journal de Complete this form and Fi" in on every page nriiiinn foror,**.. related sketch in duplicate. Rempiir ces cases ^ Drilling forage au Remp|jr ep deux exemp|ajres |a chaque page

Log diamant presente form uleet le croquis annexeAux termes de Particle 8 de la Loi sur les mines, ces renseignements serviront a tenir a jour les dossiers publics.


Surface



Total Footage Dip of Hole at ' Avancement total Inclinaison du forage au du forage 258.0 m

Collar/collier .JQ deg


171.0 M -47

Wayne Corstorphine258.0 M -44

Logged by (Signature) " Inscrit par (signature) M

M

M


Description (Couleur, granulometric, texture, min6raux, transformation, etc.)Similar to fragments in 88.6-98.2.Fragmental 1 breccia texture. Medium beige colour with pale white carbonate seams.Moderate sericite - carbonate alteration.Distinct fragments locally.No sulphides noted.Lower contact distinct at 80 deg.

Possibly a sediment.Dark, blackish colour, minor red hematite. 50Xo quartz. Structure is at 70 degStrong schistose fabric.

Same as 152.9-154.0.Breccia/fragment texture not developed, more uniform appearance. Fine-grained,massive structure.Ni sulphides.Lower contact sharp at 60 deg.

Same as 154.0-154.3.Strong graphite component - probably conductive.



Pamar Feature Anpto ' /Angle dm caracteriaUquee ptanaa

Cora speciman Footage t /Longueur en piede dee carottea preta*ea

Your Sample No

du proepacteur

60064

Map Reference No. N" de reference sur la carte

G-3584

Hole No. Page No. Forage n0 Page n 0

K15-62 6




5393 104N


Sample Footage Niwau de prtlevement de rechentiton (en pnde)

From/De

152.9

To/A

154.0

Sample Langft LongiMurd*i'vcrnntJHon

1.1

Assays/Analyses mineralurgiquesAug/t0.03

Check

0204 (09/00)

*For features such as foliation, bedding, schistosity, measured from the long axis of the core.'Examples de caracteristiques : foliation, schistosity stratification. L'angle est mesurg par rapport a I'axe longitudinal de la carotte.

^"*i i * Ministry of Ministers du f iniJlJI^I^^ Northern Development Developpement du Nord V-/I ILCII IW and Mines et des Mines


Drilling Company Com pagnie de forage Colbert Drill ng and Exploration Co.


October 31 , 2004


1377753 ONT INC.

Footage/Avancement

From/De

155.0

157.9

158.3

170.0

To/A

157.9

158.3

170.0

170.8

Rock type

Type de roche

AlteredIntermediate

Volcanic

Graphitic Faultor Sediment

AlteredIntermediate

Volcanic

Fault



Diamond Journal de Complete this form and PHI in on every page Hole NO. Page NO.n-illirw, for.,.*.,, related Sketch in duplicate. Remplir ces cases ^ Foragen- Pagen'Drilling forage au Remplir en deux exemplaires la Chaquepa9e K1(U52 7 Log diamant presente form uleet le croquis annexe MO-O*

. Auxtermes de I'article 8 de la Loi sur les mines, ces renseignements serviront d tenir A jour les dossiers publics.


Surface


Bearing of hole from true North/Position du forage par rapport au nora1 vrai 360 deg




171.0 MWayne Corstorphine

258.0 M

-47

-44

Logged by (Signature) ' Inscrit par (signature) M

M

M


Description (Couleur, granulometric, texture, mineraux, transformation, etc.)Pyrite as small disjointed blocks on sub-cm scale in plane of bedding.

Similar to 154.3-1 54.8

Buff colouring, fine-grained, sub-massive groundmass. Numerous carbonate seams.156.5-156.7: White quartz vein of barren appearance.

Same as 154.0-154.3.May be conductive.Massive pyrite with hematite at 154 2- 1cm thick.

Same as 88.6-98.2 in colour and texture (exclusivemore uniform, possibly flow-type of rock.

of contained shear zone) but as a

A few breccia or fragment forms discernable but overall a more uniform, well sortedappearance.59 .5-160.0: Shear zone at 30-45 deg. Very schistose structure.

Moderate fault - cataclastic textures - soft material Local rubble.Protolith is altered intermediate volcanic.



Pbnar Feature Angta ' /Anglt dM caractahe6quee pbnaa

Cora Specimen Foofcgetdonguaur en piada dm caroOea pre!e*ee

Your Sampto No N* d'fchantiton du proepecteur


G-3584 L 1140851



53931 04N

Property Name Nom de la propriety Cosby

Sample Footage Niveau de prettMment de rachanbkm (an piada)

From/De To/A

Sandia Length Longueur da Assays/Analyses mineralurgiques

0204 (09/00)

'For features such as foliation, bedding, schistosity, measured from the long axis of the core.'Examples de caracteristiques : foliation, schistosity stratification. L'angle est mesure par rapport a I'axe longitudinal de la carotte.

^^ i * Ministry of Ministers du l lr"lf2i|^|^\ Northern Development Developpement du Nord \Jl ILCII IW and Mines et des Mines




October 31, 2004

Exploration Co., Owner or Optionee Compagnie d 'exploration, proprietaire ou titulaire d'option

1377753 ONT INC.

Footage/Avancement

From/De

170.8

178.9

To/A178.9

258.0

Rock type


Intermediate FlowBreccia

IntermediateVolcanic



Diamond Journal de Complete this form and FHI in on every pageHrillirtr. forar.**,. related sketch in duplicate. Remplir ces cases ^Drilling forage au Remplir en deux exemplaires la chaquepase Log diamant presente formule et le croquis annexe

. Aux termes de radicle 8 de la Loi sur les mines, ces renseignements serviront a tenir d jour les dossiers publics.


Surface

Date Logged Date ^inscription au journal November 23, 2004



Logged by (print) Inscrit par (6crire en lettres mouses)

Wayne Corstorphine



Collar/collier | .50 (jeg

171.0 M l -47

258.0 M | -44

M |

M|

M |


Description (Couleur, granulometric, texture, mineraux, transformation, etc.)Strong hyaloclastite presence as matrix to large flow blocks on cm to 30 cm scale.Good hyaloclastic textures - fine to medium-grained fragments forming tight massaround near aphanitic flow fragments.Colours continue to be shades of beige suggesting strong sericite alteration.Nil sulphides.Lower contact sharp.

AndesiteInitial 3.0m display continued moderate sericite alteration but this gradually dissipatesand the volcanic changes to a light grey colour.Groundmass is fine-grained and very homogeneous as is the overall appearance of theunit.No flow features, subtle changes in shading.Very uniform.206.7: Subtle f low structures start to appear.Maintains greyish colouring - medium with lighter cast locally.Core angle be quite hard.This is pristine unaltered volcanic flow rockLocal flow structures continue through 223.0.

Address/Location where core stored Adresse/endroit ou la carotte est stocked


Planar Feature Angle ' /Arista dam caraoteriitiquee planet

Core Specimen Footage t /Longueur en pied* de* carottn pretax***

Your Sample No. tf d'echamtton du protpectour

Map Reference No. N" de reference sur la carte

G-3584

Hole No. Forage n"

K15-62

Page No. Page n"

8

Claim No. N" de concession miniere L 1140851



53931 04N

Property Name Nom de la propri&e

Sampb Foottg* NhMU dft prMwmcnt d* I'tchanblon (*n pMds)

From/De To/A

Cosby

Sample Length Longueur de i'echartHtan


0204 (09/00)

'For features such as foliation, bedding, schistosity, measured from the long axis of the core.*Exemples de caracteristiques : foliation, schistosity stratification. L'angle est mesure par rapport a I'axe longitudinal de la carotte.

® f\ i * Ministry of Mlnlsteredu l ini"O|r*|O Northern Development Developpement du Nord \tft UGH IW and Mines et des Mines


Drilling Company Core Size Compagnie de forage Dimensions de la Colbert Drilling and Exploration Co. carotte BQ

36.5 mm diameterDate Mole Started Date Completed Date de commencement du forage Date

d'achevement October 31 , 2004 November 4, 2004


1 377753 ONT INC.

Footage/Avancement

From/De To/A

258.0

Rock type

Type de roche

Diamond Journal de Complete this form and PHI in on every page Hole NO.n-Hli fAr*n~~,, related Sketch in duplicate. Remplir ces cases ^ Forage n"Drilling forage au Remp|jr en deux exPmp|aires |a chaque page Log diamant presente formule et le croquis annex6

. Aux termes de ('article 8 de la Loi sur les mines, ces renseignements serviront d tenir d jour les dossiers publics.


Surface




Collar/collier | .50 deg

Logged by (print) " Inscrit par (ecrire en lettres moulees)

171.0 M -47Wayne Corstorphine

258.0 M -44Logged by (Signature) Inscrit par (signature) M

M|

M |


Description (Couleur, granulometric, texture, mineraux, transformation, etc.)246.5-246.8: Graphite

Fault with minor massive pyrite - occurs as disjointed band. Conformable white quartz-carbonate veinlets up to 1cm - couple only.Contacts at 30 deg.

246.8-253.3: S-4% white quartz-carbonate veinlets in tensional fractures of randomplacement and orientation. Nil sulphides.

End of Hole

Address/Location where core stored Adresse/endroit oil la carotte est stockee


Pbmr FMlure Angta * /Angle dm cwactfrMqum pknu

Core SoKlimn Footagi t /Lonfluauf Your Simpta No

N' d'tehantHon

Page No. Page n"

g


G-3584 L 1140851

Location (Twp. Lot, Con. or Lat. and Long.) Emplacement (canton, lot, concess on ou latitude et longitude)


5393104N


Sum* Footto.

UchaAkn (m CM*',

From/De To/ALonguHjr d* ffehinfkn


0204 (09/00)

'For features such as foliation, bedding, schistosity, measured from the long axis of the core.'Exemples de caracteristiques : foliation, schistosite, stratification. L'angte est mesur6 par rapport a I'axe longitudinal de la carotte.

Walker TwpJZ9363E K15-62 -

PROJECT: WALKER

SECTION 529363 EDRILL HOLES: K15-62, 62A

ONTMJO MINISTRY OF NORTHERN DEVELOPMENT AND MINES

Transaction No:

Recording Date:

Approval Date:

Client(s):

393278

Survey Type(s):

W0580.00426

2005-FEB-18

2005-MAR-08

Work Report Summary

Status: APPROVED

Work Done from: 2004-OCT-29

to: 2004-NOV-04


ASSAY PDRILL

Work Report Details:

Claim* Perform

L 1140851 S15.588

L 1200338 SO

L 1200339 SO

515,588

External Credits:

Reserve:

Perform Applied Approve Applied Approve

515,588 SO SO

SO 5400 S400

SO S400 S400

S1 5,588 S800 1800

SO

Assign

S800

SO

SO

S800

Assign Approve Reserve

800 514,788

0 SO

0 SO

S800 S14.788

Reserve Approve oue pate

514,788 2005-SEP-17

SO 2006-NOV-05

SO 2006-NOV-05

S14,788

314,788 Reserve of Work Report*: W0580.00426

S14,788 Total Remaining

Status of claim is based on information currently on record.

42A10NE2020 2.29453 WALKER 900

2005-Mar-15 09:27 ARMSTRONGI Page 1 of 1

Ministry ofNorthern Developmentand Mines

Date: 2005-MAR-09

MERLE STEWART COSBY 1377753 ONTARIO INC. 13WINDERMEREROAD ST. CATHARINES, ONTARIO L2T 3W1 CANADA

Ministers duDeveloppement du Nord et des Mines Ontario

GEOSCIENCE ASSESSMENT OFFICE 933 RAMSEY LAKE ROAD, 6th FLOOR SUDBURY, ONTARIO P3E 6B5

Tel: (888) 415-9845 Fax:(877)670-1555

Dear Sir or Madam

Submission Number: 2.29453 Transaction Number(s): W0580.00426

Subject: Approval of Assessment Work

We have approved your Assessment Work Submission with the above noted Transaction Number(s). The attached Work Report Summary indicates the results of the approval.

At the discretion of the Ministry, the assessment work performed on the mining lands noted in this work report may be subject to inspection and/or investigation at any time.

If you have any question regarding this correspondence, please contact LUCILLE JEROME by email at [email protected] or by phone at (705) 670-5858.

Yours Sincerely,

Ron Gashinski

Senior Manager, Mining Lands Section

Cc: Resident Geologist

1377753 Ontario Inc. (Claim Holder)

Assessment File Library

1377753 Ontario Inc. (Assessment Office)

Visit our website at http://www.gov.on.ca/MNDM/LANDS/mlsmnpge.htm Page: 1 Correspondence ID:20433

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525000E

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5395000N

5390000N

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16010

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5390000N

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1377753 ontario inc

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