MANICOUAGAN MINERALS INC. KASAGIMINNIS LAKE PROJECT

MANICOUAGAN MINERALS INC.

B É C É Î ^

SEP 29Z009 ASSESSWIEMT

R E P O R T O F W O R K 2 0 0 9 E X P L O R A T I O N P R O G R A M

K A S A G I M I N N I S L A K E P R O J E C T TRILLIUM NORTH JOINT VENTURE

PICKLE LAKE AREA, ONTARIO

(NTS map-sheets 520-08)

François Bissonnette Bruce W. Mackie, P. Geo

Manicouagan Minerals Inc. B Mackie Geological Consulting Services

September 20'^, 2009

TABLE OF CONTENTS

INTRODUCTION Property Location and Description 1 Access and Physiography 2 Local Resources 2

REGIONAL GEOLOGY AND MINERALIZATION 5

PROPERTY GEOLOGY 5 EXPLORATION HISTORY 6

2 0 0 9 EXPLORATION PROGRAM 7 CONCLUSIONS AND RECOMMENDATIONS.... 14

AUTHOR'S CERTIFICATION 15

FIGURES LIST

Figure 1 General Location Map 3 Figure 2 Property Location Map 4 Figure 3 Claim Location Map 4 Figure 4 Total Field Magnetics Showing Soil Sample Locations 11 Figure 5 EM Decay Constant (TAU) Showing Soil Sample Locations 12 Figure 6 Soil Sample Location and Sample Numbers 13

TABLES LIST

Table 1 Kasagiminnis Lake Land Tenure Data 1 Table 2 Historical DDH set-ups locations 8 Table 3 Soil samples locations 9 Table 4 Soil samples partial results 10

APPENDIX

A. Laboratory Certificates B. Expenditures

INTRODUCTION The following report summarizes the results of the Summer, 2009 exploration program carried out on the Kasagiminnis Lake Property, comprising one contiguous block of claims (4207793, 94 and 95) totalling 47 claim units (-750 hectares) that are located in the Pickle Lake Greenstone Belt, approximately 25 kilometres south of the town of Pickle Lake.

In April 2009, Manicouagan Minerals Inc. ("MAM") entered into an option joint venture agreement with Trillium North Resources ("Trillium")., whereby MAM could acquire up to a 70% interest in three of Trillium's properties that are located in the Pickle Lake Belt: Dorothy-Dobie, Pickle East and Kasagiminnis Lake.

A short program was completed on the property by a two person crew from September to 6*, 2009 inclusive. Work carried out included attempting to locate and to survey by hand held GPS historical drill hole locations, due diligence field checks of historic mapping, and the collection of 14 soil samples over an unexplained Airborne EM-Decay Anomaly located on the southern portion of claim 4207794. This work was performed with the intent of designing a future exploration programs on the Kasagiminnis Lake Property.

Earlier in the year MAM flew a detailed helicopter borne magnetic survey over the Kasagiminnis as well as the Pickle East Property. A report covering this work has been filed under a separate cover.

Prouertv Location and Description The Kasagimiimis Lake property is located in the Patricia Mining District in Northwestern Ontario, and occurs in the south-central portion of the Little Ochig Lake Area (G-2104). The property is situated in the southwestern portion of NTS sheet 520/08 with a geographical centre of 681818mE, 5682970mN (UTM, Zone 15, NAD83); and is approximately twenty five kilometres south-southwest of the town of Pickle Lake and fourteen kilometres northwest of the First Nations community of New Osnaburgh (Figures 1 & 2).

The Kasagimirmis Lake property consists of three contiguous mineral claims totalling 47 units and 752 hectares (Table 1, and Figure 3).

Table 1 Kasagiminnis Lake Land Tenure Data

Claim # Units Recorded Owner Recorded 1 Expiry 4207793 16 Trillium North Minerals Ltd. 2005-Sep-06 2009-Sep-30 4207794 15 Trillium North Minerals Ltd. 2005-Sep-06 2009-Sep-30 4207795 16 Trillium North Minerals Ltd. 2005-Sep-06 2009-Sep-30

Access and Physiography

Kasagiminnis Lake is shallow, however float planes (based in Pickle Lake) can land in certain areas under most circumstances. Access to the property can also be via helicopter which is based from Pickle Lake for most of the summer months, or by winter road from Highway 599, 6.5 km north of the Mishkeekokamang First Nation Reserve boundary. Outcrop exposure constitutes 5 to 10% of the property, which is extensively covered with glacial/fluvial material consisting primarily of sand and boulders. Eskers, drumlinoid ridges and sand hills cover most of the property. Vegetation on the overburden varies from open poplar to thick birch, spruce, fir and alder forests. Low-lying areas and submerged sand plains are poorly drained with muskeg, black spruce, or cedar and alder swamps. Outcrops are typically 30 to 100% covered in lichen and/or moss.

Local Resources Pickle Lake is a mining and transportation centre with a population of approximately 480. Pickle Lake is connected by paved Highway 599 to Savant Lake and the Canadian National Transcontinental railway line, 145km to the south, and Ignace and the Trans Canada Highway (17), 290km to the south. Electricity is supplied by a hydro line connecting Pickle Lake to the Ear Falls generating station. Air, ground and water transportation for local use are readily available in towm. Pickle Lake is also serviced by regular flights from Thunder Bay.

Figure 1 General Location Map

Kasagiminnis ^ ^Property

ONTARIO

200 400

kilometers

Figure 2 Property Location Map

Figure 3 Claim Location Map

i;0ÎT93 420779^

r

«07796

kilomètres

REGIONAL GEOLOGY AND MINERALIZATION The Pickle Lake area is located within the Uchi Subprovince, a part of the Archean Superior Province of the Canadian Shield. The area is characterized by several arcuate, highly deformed and coalescing greenstone belts, consisting of predominantly mafic to intermediate volcanic flows, which have been intruded by numerous granitic to ultramafic intrusive bodies. The metamorphic grade ranges from greenschist-to-amphibolite facies. The volcanics host subordinate amounts of felsic to mafic pyroclastics, sediments and iron formation. Felsic quartz-feldspar porphyry dykes are commonly found in all lithologies.

Ultramafic rocks host copper-nickel mineralization at the (now closed) Union Miniere Thierry Mine, 11km northwest of Pickle Lake, with mined ore and mineral reserves totalling 14,000,000 tons grading 1.6% copper and 0.2% nickel. Historically, gold production in the Pickle Lake area has been fi-om structurally controlled vein type deposits or sulphide replacement bodies spatially associated with, or contained within, bands of Algoman (chert-magnetite) iron formation. In the vicinity of Pickle Lake, the former producing Pickle Crow and Central Patricia mines operated fix»m 1935 to 1966 and 1934 to 1951, respectively, collectively producing 2,068,020 ounces of gold from 4,966,820 tons of ore for an average grade of 0.416 ounces of gold per ton. Gold was recovered from quartz veins, vein networks and sulphide replacement bodies which occupied shears, faults, fissures, and fold axial plane fractures in highly deformed mafic volcanics and iron formation. Gold-bearing quartz veins were also mined within quartz-albite porphyry sills near the contact of mafic volcanics and iron formation. The Dona Lake Mine, active from 1989 to 1993 produced 218,868 ounces gold at an average 7.8g/T. Further to the west, the Golden Patricia Mine, active fix)m 1989 to 1997, produced 605,352 ounces gold at an average grade of 18.0 g/T.

The Kasagimiimis Lake property lies within the eastern portion of the Dempster-Pickle Lakes Greenstone Beh within the Uchi subprovince. The Dempster-Pickle Lakes Greenstone Belt is comprised of supracrustal rocks of mafic to felsic metavolcanic origin with interbedded clastic and chemical metasediments all intruded by felsic to mafic bodies.

PROPERTY GEOLOGY The Kasagiminnis Lake property is located in the Dempster-Pickle Lakes greenstone belt which trends roughly east-west and joins the Pickle Lake belt to the east, and the Meen-Dempster Lakes belt to the west. The property is underlain by a complex sequence of southward younging mafic-to-intermediate flows, maflc-to-felsic pyroclastics, sediments and probable iron formation. This sequence has been intruded by numerous small gabbroic bodies, granite pegmatite dykes and minor felsite dykes. The portion of the belt exposed on the property has been compressed between two granitic bodies, the Kasagiminnis Lake and Carling Granite Plutons, on the north and south respectively, resulting in a narrowing of the belt to approximately one mile in width. High angle faults, interpreted from geological and geophysical data, crosscut the volcano-sedimentary sequence and trend northeast-south west and northwest-southeast. Pervasive shearing and small scale folding is probably related to a regional tectonic event.

EXPLORATION HISTORY In the early 1970's, a large claim block, including the current Kasagiminnis Lake property, was covered by a regional airborne geophysical survey for UMEX. This company subsequently drilled two anomalies on the property. No assay results were reported.

In 1984, Moss Resources Ltd. staked a similar claim group. An airborne VLF-EM and magnetic survey by Terraquest Ltd. covered the property in 1985.

In the spring of 1986, Moss Resources Ltd. signed a joint venture agreement with Power Explorations Inc. Subsequently, Geocanex Ltd. was contracted to complete mapping and geophysical programs which were undertaken during the summer of 1986 (Higginson, 1986 and Medd, 1986).

During the winter of 1986 to 1987, a thirty-nine hole, 12,424 foot diamond drilling program was contracted to Midwest Diamond Drilling of Winnipeg and supervised by Geocanex Ltd. The drilling encountered significant gold mineralization in three holes on the property. A synopsis of the intersections fix)m Higginson (1987) is as follows:

1. A 38.9 foot intersection in Hole KAS-87-3 returned values ranging fi-om O.OI to 0.23 ounces of gold per ton...

2. A 13.9 foot intersection in Hole KAS-87-6 returned values of 0.58 ounces of gold per ton over 4.7 feet and 1.40 ounces of gold per ton over 4.2 feet...

3. An intersection in Hole KAS-87-31 returned values of 0.58 ounces of gold per ton over 4.2 feet...

As a resuh of the encouraging drilling results, Geocanex Ltd. was again contracted in the spring of 1987 to undertake detailed follow-up mapping and geophysical surveys. During this mapping and prospecting program, potentially economic gold mineralization was encountered in a quartz vein and adjacent silicified and sheared mafic volcanics. Values fi-om the vein ranged fi-om 5 ppb to 18,520 ppb or approximately 0.25 ounces of gold per ton over 6.2 feet. The vein lies 400 feet west of drill hole KAS-87-3.

During the winter of 1987 to 1988, a forty-nine hole, 19,971 foot diamond drilling program was contracted to Midwest Diamond Drilling of Winnipeg and supervised by Geocanex Ltd. During this drillmg program, a broad zone of potentially economic gold mineralization was outlined in a horizon of sheared and locally silicified mafic tuffs and iron formation. The horizon was sporadically tested along 3,700 feet of the 8,000 foot strike length inferred fi-om geophysical data. This program also included resampling of the 1986-1987 drill holes. Significant intersections reported included:

1. A 12.0 foot intersection in Hole KAS-88-6 returned values averaging 0.22 ounces of gold per ton...

2. A 2.0 foot intersection in Hole KAS-88-7 returned values of 0.23 ounces of gold per ton over 2.0 feet...

No other significant results were reported.

In July 2004, McVicar Resources Inc. contracted Paterson, Grant and Watson Ltd, to cany

6

out aeromagnetic data processing and interpretation over the companies Kasagiminnis Lake property. Terraquest Ltd. flew the Kasagiminnis Lake prof)erty with high-resolution aeromagnetics. Geophysical Interpretation Maps were produced, and several new and previously identified targets, were recommended for ground follow up.

In 2007 Fladgate Exploration Consulting on behalf of Trillium North Resources visited the Kasagiminnis Property and mapped some of historic trenches and other general due diligence, field checks.

In June 2009, Manicouagan Minerals Inc. flew a helicopter-borne magnetic survey over the Kasagiminnis. The work was carried out by Geodata Solutions GDS Inc. The total number of line-kilometres flovra was 570 line-km. Traverses were oriented north-south on the Kasagiminnis bloc with a spacing of 25 metres.

Gold mineralization in the Pickle Lake area usually is spatially associated with magnetite bearing iron formations and major regional structures and/or associated subsidiary or splay structures. The detailed airborne geophysical program will assist in identification of this important features and aid in the selection of areas for ground follow-up

2009 EXPLORATION PROGRAM During regional compilation of the Pickle Lake Greenstone Belt it was observed that many of the more significant gold occurrences in the area were associated with decay constant (TAU) anomalies outline in the 1986 GEOTEM Survey flown over the Pickle Lake Greenstone Belt (ERLIS Dataset 1012) by the Ontario Geological Survey in 1986.

The GEOTEM system is a time domain system (TDEM) which measures the rate of decay of the received secondary field through the use of discrete time gates positioned during the off-time. The most direct representation of this information is by the decay constant which is a measured value and thus independent of a model and theoretical response curves. As a single parameter, the decay constant (TAU) provides more useful information than the amplitude of any given channel as it indicates not only the peak position of the response but also the relative strength of the conductor. It also often allows better discrimination of conductive axes within a broad formational group of conductors.

In order to efficiently plan an upcoming core drilling campaign, 4 man-days were dedicated in trying to located historical drill hole locations. Thirty-seven sites were visited, none of the casings were found, but UTM coordinate were collected in re-growth 'openings' in original forest which represents possible historical rig set-ups. Table 2 is presenting the 'openings' locations with most probable associated historical drill hole.

Table 2 Historical DDH set-ups locations

Opening Casing Possible Set-up ENad83 N15U Elev. (m)

139 KAS-87-33 681283 5683518 378

140 KAS-87a-22 681158 5683412 379

141 KAS-86-2 681291 5683123 383

142 KAS-87a-24 681312 5683161 386

143 KAS-87-27 681428 5683193 389

144 KAS-86-1 681421 5683301 387

145 KAS-87a-23 681514 5683451 384

146 KAS-87a-20 681368 5682618 382 147 KAS-87a-21 681809 5682583 391

148 KAS-87-6 682146 5682654 390

149 KAS-87-35 682221 5682657 389 150 KAS-87-11 683882 5682881 374

151 KAS-87-7 684111 5683029 380 152 KAS-87-8 684106 5683124 378 153 KAS-87-10 684076 5683339 376 154 KAS-87-16 684311 5683524 383 155 KAS-87-12 683501 5683025 384 156 KAS-87a-35,-36,-37 683241 5683092 380 157 KAS-87-14 683267 5682851 390 158 KAS-87-13 683274 5682764 384 159 KAS-88-6 682739 5683300 383 160 KAS-88-5,-5a 682731 5683323 383 161 KAS-88-3 682613 5683325 386 162 KAS-88-4 682612 5683294 386 163 KAS-87a-12,-13,-14 682112 5683274 383 164 KAS-87-28 682019 5683192 382 165 KAS-87a-25 681845 5683133 381 166 KAS-87a-10,-ll 682065 5683158 384 168 KAS-87-2 682285 5683097 387 169 KAS-87-1 682281 5683011 386 170 KAS-87-26 682330 5683213 387 171 KAS-87-3 682266 5683210 388 172 KAS-87a-26to31 682233 5683283 390 173 KAS-87a-15,-16,-17 682343 5683306 384 174 KAS-87a-41 682386 5683298 386 175 KAS-87a-40 682388 5683256 386 176 KAS-88-2 682497 5683277 385

On the Kasagiminnis Property one unexplained and distinct EM Decay Anomaly was noted on the southern portion of claim 4207794 a second untested anomaly is located on the west side of claim 4207793 but could not be accessed. Fourteen soil samples were collected across the EM Decay anomaly on claim 4207794 as well as across an interpreted north-west-south-east rending structure that appears to cut off the Kasagiminnis Gold Zone drilled by Power/Moss located approximately 200 metres to the north. Sample locations are shown in Table 3 and Figures 4, 5 and 6.

Tabk 3 Soil samples locations

Sample ENad83 N15U Elev. (m)

KOOl 682138 5682863 396

K002 682118 5682839 396 K003 682082 5682873 394 K004 682064 5682861 393 K0G5 682033 5682837 395

K006 681991 5682857 392 K0G7 681974 5682840 393 K008 681954 5682835 393 K009 681957 5682793 392 KOlO 681953 5682754 394 KOll 681933 5682731 394

K012 681923 5682690 395 K013 681895 5682675 395 K014 681891 5682637 400

Sample spacing was about 25m on a line that crossed part of the geophysical feature. B-horizon material was collected using a steel shovel, placed in a manually labeled brown cardboard bag and the sample bags were isolated in individual ziploc type plastic bags. All the samples were assayed for Gold and multi-elements package (Scan) at Accurassay Laboratories of Thunder Bay, Ontario. Table 4 presents main laboratory results. Laboratory certificates are presented in Appendix A.

This single line of B-horizon sample contains two (2) areas anomalous in gold : Z One (1) sample anomaly of 65 ppb Au in sample KOOl. Since this sampling site

is located at the northern extremity of the line, it is considered as open toward the north.

Z Two (2) samples anomaly, fi-om 29 and 41 ppb Au in samples KOlO and KOll.

Readers may have noted high values in Titanium (Ti). It may be the expression of a particular geology, or it may be due to contamination from the paint that covers the steel shovel bucket.

Table 4 Soil samples partial results

Sample

KOOl K002 K003 K004 K005 K006 K007 K008 K009 KOlO KOll K012 K013 K014

Au Ag As Co Cr Cu Mo Ni Pb Ti Zn

ppb ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

65 <1 4 7 20 12 3 12 6 1254 38

5 <1 <2 5 11 7 1 5 3 766 24

6 <1 2 16 17 34 4 10 6 1988 48

18 <1 3 14 31 24 5 19 9 1777 50

13 <1 <2 12 23 15 5 11 9 1819 53

8 <1 3 13 13 25 4 8 5 1836 138

6 <1 <2 26 6 46 7 7 7 2755 63

13 <1 <2 26 14 60 7 19 14 2285 84

10 <1 <2 5 13 21 1 8 4 701 41

29 <1 3 11 16 18 4 8 8 1924 47

41 <1 <2 7 19 8 3 6 9 1691 38

8 <1 <2 12 18 30 5 10 10 1528 41

<5 <1 2 8 24 7 2 14 6 1108 21

20 <1 3 10 13 9 3 4 9 1609 51

10

Figure 4 Total Field Magnetics Showing Soil Sample Locations

11

Figure 5 EM Decay Constant (TAU) Shov/ing Soil Sample Locations

12

Tl

f ON I tx te 5 "O S"

o B X a a, C/3 » 3 •o S" z e 5 o-<ï 3

J.eBZ.SOOmN

g t s ce

» « « «

wisayiae.

soli s a m p l e l o c a t i o n

I s

untested em decay anomaly

I

CONCLUSIONS AND RECOMMENDATIONS The Kasagiminnis Lake property has had no significant amount of work done on it since the late 1980's.

Known gold mineralization on the property is related to sulphidized bearing iron formation. The main mineralized zone remains open and is untested at depths (>150 metres).

The fourteen (14) sample soil line, covering part of an intriguing geophysical feature, is considered a success by the presence of 2 areas anomalous in gold.

No recorded geology had been filed for the Kasagiminnis Property, a thorough mapping of the geology is recommended for the entire property. Ground horizontal loop electromagnetic surveys (HLEM) should be considered over selected target areas along with soil geochemistry to help screen targets. This work should be followed up by a drill program targeting the Main Gold Zone as well as any other targets generated.

14

AUTHOR'S CERTIFICATION

The present is to certify that :

I have resided at 31, rue du Satellite #5, Gatineau (Québec), since October 2004.

I have been actively involved in the field of mineral exploration since 1989. I have been involved in base metal exploration since May 1991.

I have been performing mineral exploration activities for the account of Manicouagan Minerals Inc since June 2007.

I have no direct interest, nor do 1 expect to receive such interest in the Kasagiminnis property. I do have stock options of Manicouagan Minerals Inc.

Signed in Québec City, on September 20'^ 2009

- T c -François Bissonnette Manicouagan Minerals Inc.

15

Bruce W. Mackie, P. GEO.

CERTIFICATE of AUTHOR

1, Bruce W. Mackie, P. Geo., residing at 339 Parkridge Crescent, Oakville, Ontario, L6M 1A8 do hereby certify that:

1 ) Manicouagan Minerals Inc currently contracts me as a consultant geologist.

2) I graduated with an Honours Bachelor of Science degree in Geology and Chemistry from the Carleton University in 1975 and with a Master of Science degree in Geology from University of Manitoba in 1978.

3) I am a member of the Canadian Institute of Mining and Metallurgy and a P. Geo., Registered in the Province of Ontario (APGO No. 0585).

4) I have worked as a geologist for a total of 34 years since obtaining my B.Sc. degree.

5) I am jointly responsible for the preparation of this report titled "Report on Summer of 2009 Exploration Work on Kasagiminnis I ^ e Project" and dated September 20, 2009.

6) I have not visited the Property.

7) I have had no prior involvement with the mineral Property that forms the subject of this report.

Dated ̂ 2 0 ' " date of September, 2009

Bruce W. Mackie P. Geo.

16

APPENDICES

A. Laboratory Certificate B. Expenditures

APPENDIX A

Laboratory Certificates

L A B O R A T O R I E S

Certificate of Analysis

Wednesday, September 16, 2009

Manicouagan Minerals Inc. Suite 200,1825 Provinciale St Quebec City, QC, CAN G1N4S9 Email#: fbissonnette@manicouaganminerals.com

Date Received: Sep 8, 2009

Date Completed: Sep 16, 2009

Job #:

Reference:

Sample #:

200942168

14 Soil

Acc# Client ID Au ppb

Au oz/t

Au g/t (ppm)

148899 KOOl 65 0.002 0.065

148900 K002 5 <0.001 0.005

148901 K003 6 <0.001 0.006

148902 K004 18 <0.001 0.018

148903 K005 13 <0.001 0.013

148904 K006 8 <0.001 0.008

148905 K007 6 <0.001 0.006

148906 K008 13 <0.001 0.013

148907 K009 10 <0.001 0.010

148908 KOlO 29 <0.001 0.029

148909 Dup KOlO 28 <0.001 0.028

148910 KOll 41 0.001 0.041

148911 K012 8 <0.001 0.008

148912 K013 <5 <0.001 <0.005

148913 K014 20 <0.001 0.020

PRCX:EDURE CODES: ALFAl, ALICPAR

Certified By: The results included on this report relate only to the items tested The Certificate of Analysis should not be reproduced except in full, without the written approval of the laboratory

McK»re, General Manager

AL903-0212-09/16/2009 3:06 PM

Page 1

« T 0 N I B •

Manicouagan Minerals Inc. Date Created: 09-09-15 03:17:27 PM Job Number : 200942168 Date Received: Sep 8, 2009 Number of Samples: 14 Type of Sample: Soil Date Completed: Project ID:

Aocur. # Client Tag Ag

ppm

As

ppm

B Ba Be Bi

ppm ppm ppm ppm Ca %

* The results included on this report relate only to the i tems tested * This Cert i f icate of Analysis should not be reproduced except in full, wi thout the wri t ten approval

of the laboratory. ' T h e methods used for these analysis are not accredi ted under ISO/IEC 17025

Ct) Co Cr

ppm ppm ppm Cu

ppm

K %

Li

ppm Mg Mn Mo

ppm ppm

Ni P

ppm ppm

Pb Sb Se

ppm ppm ppm

Sn Sr Ti Tl V W Y Zn

ppm ppm ppm ppm ppm ppm ppm ppm

148899 K001 <1 0.78 4 52 24 <1 <1 0.32 <4 7 20 12 1.28 0.05 15 0,33 127 3 0.02 12 487 6 <5 <5 0 0 3 <10 14 1254 <1 32 <10 5 38

148900 K002 <1 0.48 <2 40 15 <1 <1 0.27 <4 5 11 7 0.88 0 03 9 0.21 <100 1 0.02 5 495 3 <5 <5 0.02 <10 11 766 <1 17 <10 4 24

148901 K003 <1 2.10 2 37 38 4 0 24 <4 16 17 34 3.32 0.06 18 0 43 161 4 0 04 10 127 6 <5 <5 0.02 <10 7 1988 <1 78 <10 3 48 148902 K004 <1 2.43 3 44 58 <1 3 0.23 <4 14 31 24 3.21 0 05 32 0.45 160 5 0 03 19 290 9 <5 <5 0.02 <10 14 1777 <1 62 11 4 50

148903 K005 <1 1.68 <2 39 74 Cl <1 0.35 <4 12 23 15 2.52 0.04 27 0.47 164 0.03 11 209 9 <5 <5 0 0 2 <10 15 1819 <1 62 <10 4 53

148904 K006 <1 1.41 3 38 63 <1 3 0.33 <4 13 13 25 3.02 0,11 12 0.35 177 4 0 06 8 112 5 <5 <5 0.02 <10 G 1836 84 <10 3 138 148905 K007 2.09 <2 44 177 <1 5 0 57 <4 26 6 46 4.32 0.34 28 1.03 221 7 0.07 7 204 7 <5 <5 0.02 <10 6 2755 <1 106 <10 5 63

148906 KQ08 <1 2.03 <2 39 282 <1 5 1.34 <4 26 14 60 4.92 0.29 30 0.61 659 7 0.08 19 284 14 <5 <5 0.02 <10 19 2285 <1 65 <10 9 84

148907 K009 <1 0.51 30 71 c1 0.38 5 13 21 0 92 0.04 8 0.16 105 1 0 03 8 218 4 <5 <5 0 0 2 <10 12 701 <1 20 <10 6 41

148908 K010 <1 1.11 3 41 32 <1 0.15 <4 11 16 18 2.91 0.05 9 0.33 133 4 0.03 8 150 8 <5 <5 0 02 <10 7 1924 <1 107 <10 2 47

148909 KO10 <1 1.08 3 45 31 <1 <1 0 14 <4 10 16 17 2 90 0.05 9 0 32 130 4 0.02 8 144 7 <5 <5 0.02 <10 6 1888 <1 104 <10 2 41

148910 K011 <1 0.80 <2 42 30 <1 <1 0 13 <4 7 19 8 1.90 0 06 10 0.21 103 3 0.02 6 204 9 <5 •:5 0.02 <10 a 1691 <1 87 <10 2 38

148911 K012 <1 1.38 <2 36 52 <1 4 0.17 <4 12 18 30 3 00 0.08 15 0 2 8 134 5 0 03 10 161 10 <5 <5 0.02 <10 8 1528 <1 86 <10 3 41

148912 K013 <1 1.38 2 41 38 <1 1 0.23 <4 8 24 7 1 66 0.04 12 0.21 <100 2 0.02 14 357 6 <5 <6 0.02 <10 11 1108 <1 31 <10 4 21

148913 K014 <1 0.85 3 37 77 <1 <1 0 18 •-4 10 13 y 1.99 0.15 7 0.25 667 3 0.03 4 602 9 <5 <5 0 02 <10 9 1609 <1 60 <10 2 51

Cert i f ied Hy_ Derek Q s m i a n i U O ^ B s c . Page 1 of 1

APPENDIX B

Expenditures

Summer of 2009 Expolration Expenditures, Kasagiminnis Lake Project

Travel, Fixed Wing Aircraft $2,658.00 Camp, Food $89.00 ; Analysis $304.05 Salaries, Consultant Geologist 6 days @ $455/daY $2,730.00 Helper 5 days @ $350/daY | $1,750.00 1 B Mackie 1 day @ $800/day $800.00

$8,331.05