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Page 1: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

Report on Magnetics Surveys

at the

Waldman Prospect Cobalt Area, NE Ontario

Clear View Geophysics Inc.

RECEIVEDJUL \ l W*

31M05NE2029 2.28088 GILLIES LIMIT 010

Page 2: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

Report on Magnetics Surveys

at the

Waldman Prospect

Cobalt Area, NE Ontario

On behalf of:

Cabo Mining Enterprises Corp.595 Howe Street Suite 502 Vancouver, B.C. V6C 2T5

telephone: (604) 681-8899 facsimile: (604) 681-0870 E-mail: [email protected]

Contact: Mr. Seymour Sears

By:

ClearView Geophysics Inc.12 Twisted Oak Street Brampton, Ontario L6R 1T1

telephone: 905.458.1883 facsimile: 905.792.1884 cellular: 416.617.1884 E-mail: [email protected]

Contact: Mr. Joe Mihelcic

ClearView Ref: 10426

ClearView Geophysics Inc.

Page 3: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

TABLE of CONTENTS

1 INTRnnilPTIOM - _ 1i * HI i n\s^\j\^ t i^xiv ™~~™~~™~™~~~~~~~™ ™ ™™™™™™™™—™™™™™—™™™™™™™™™™ — i

~™™~™™~™™™™™™™™~™~~™~™™~~™™~™~~~~™~™™~~™~~™~~~~™'"~™"'~™~~~~~ — •"•••'••••'•™— ™~ — —— "•""""'••••"••••""'•'•••••••'"'•"••~~™~™™~™™~™™™™™~™ i3. TOPOGRAPHY 4 VEGETATION———————————————————————————— 1fi f*l AIMC _________________________________________________________________________________________ Q*T. ^^Ln^^llVI v ~~™~~~~~~™~~™™™™™™~~~~™~~~~~~~™~~~~~~~~~~~~~™™~~™™~~~™~~~~~™~~™~~™~~™~~™~™™~~™~~~~~~~~~~~™~~™~™"™~™~™™~~™~~~~~™~~~~~ ^

5 RFOI OfiY 1 i Vi! ^\^ ̂ \^\JI l — ~~~~~— ~— ~~— ~™~~™~™~~~— ™ •™ — —i™—™™—™™—™™™™—™™™™™™™™™™—™™™™.™™ ̂ j

6 PRFVIDI 1^ WDRJC — — — — — — ......— .— — — ...— .— .— — ....— .— — .— .— .— — — .— .....— T i i it ̂ v i\^ wo K if ^^nrx ~™~™~~~~™~— ™™™— — ™— ™™™™— •••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••w™™ j

8 PURVEY MFTHODOI OttY ————————————————————————————————— S i wwri v^ i iMifcn i i i\yLs\yw\^vi i ™~~~ —™—™™—™™™—™™—™™™™™™™™™™™™™™™™™™™—j

8.1 Magnetometer Surveys ———————-—————-———————.............——————.—————————— 59. DATA PROCESSING AND PRESENTATION———————————————————————510. DISCUSSION OF RESULTS--———--——--———————————————————————6

13. STATEMENT OF QUALIFICATIONS, JOE MIHELCIC——————————————————— 9

APPENDIX A - Instrument Specifications APPENDIX B - Plates

LIST of FIGURESFigure - Waldman Grid Location Map .....................................................................page 2

LIST of TABLESTable l - Survey Specifications ...............................................................................page 4Table 2 - Survey Grid Coverage ..............................................................................page 4

LIST of PLATESAppendix B

Plate l.................................................Total Field Magnetics; Contour Plan Map, 1:5000

Plate 2.................................................Total Field Magnetics; Profile/Postings Map, 1:5000

Page 4: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

CLEARVIEWGeophysics Inc.

1. INTRODUCTION

ClearView Geophysics Inc. carried out total field magnetics surveys for Cabo Mining Enterprises Corp. (hereafter Cabo) at their Waldman Prospect, located approximately two (2) kilometres south of the town of Cobalt. The work was completed on April 27, 2004. The following sections (2) through (6) were supplied by Cabo personnel (references at end of report).

2. ACCESS

Access is via the Coleman Road that departs eastwards from Highway 11A at the southwestern end of the town of Cobalt for 11/2 km and for l km south along the Houndchutes Road (a Hydro Dam access road).

3. TOPOGRAPHY fc VEGETATION

Maximum relief on the property is approximately 20 metres. Topography is generally rolling with local steep ledges and cliffs and occasional swamp. The eastern side of the property drains into Giroux Lake while the western side drains westwards into a small creek, both of which drain into Giroux Creek. This creek flows southward and westward through the area mapped and into the Montreal River.

Overburden is relatively shallow over much of the grid except for local swamps. Vegetation consists mainly of mature mixed forest with abundant dense underbrush.

ClearView Geophysics Inc.

Page 5: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

J UN K 29,2004

4. CLAIMS

The grid covers parts of Seven Unpatented Mining Claims numbered as follows:

K 1163096 K 1212226 K 1212231 K 1231085 K 1231083 K 1240235 K 1247791

The following map indicates the location of the Waldman Grid and claims relative to topographic features:

., ~j,^.,. , , T^i^iui/iM*" Jill''--',t. .^ V**T^".- S ••f-" " v:"- ;l* : 'X * "Si //' •-- ' 4' : ••"'•-

^^••^W^^-^^

^: '^tfX2\^bffi?

w-., '\ ; :1'W*w: '-- !*.- s ^" :^- T- A xh -1*^f^^ 5*^V!.;.-^M\:;v

Figure - Waldman Grid Location Map

-2- ClearView Geophysics Inc.

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JUNK 29,2004

5. GEOLOGY

The grid is located in the southern part of the Cobalt mining camp. The northern half of the grid is underlain by a shallow cover of relatively flat lying, Huronian aged, Coleman Group conglomerate. These rocks, as well as the remainder of the grid are underlain by Archean massive to pillowed mafic meta-volcanic rocks. Four known "Cobalt Type" prospects, consisting of silver-cobalt-base metals hosted within calcite-quartz veins and vein breccia, are known to exist within the grid area. These have been explored by at least 5 shafts with associated underground development. One of these, the "Waldman", is reported to have produced 33,525 oz of silver and 2066 Ibs of Cobalt between 1918 and 1919 (Sergiades, 1968).

6. PREVIOUS WORK

The northern part of the grid area was first explored in 1909 by Waldman Silver Mines Ltd., who sunk a shaft (85') and commenced production in 1910. Additional production was attained in 1918, 1919, and 1930. Two other shafts (110' A 105') and a total of 4000 feet of underground drifting and x-cutting was completed on this prospect, including work in 1948 and 1955. In 1944 and 1949, Waldag Mining Co. Ltd. are reported to have completed 33 drill holes (in excess of 10,000 feet) although not all logs are available and no assay results were reported. In 1978, Teck Corp completed a ground Magnetics and VLF-EM survey over part of the claims.

In the southern part of the grid, two shafts were completed on old prospects. These include the "South Keora" (109 ft deep A 143 ft of drifting) in 1927-1928 and the "Walingford" (70 ft A 70 ft X-cut) from 1909-1913. In 1963, Canadian Asteria Minerals Ltd. completed 11 drill holes totalling 2214 feet in the southern part of the grid area.

Cabo Mining Corp. (the predecessor of Cabo Mining Enterprises Corp.) completed two drill holes for 237.2 metres, beneath the Waldman shaft in 1999 (Sears, 2000).

-3- ClearView Geophysics Inc.

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JUNK 29,2004

7. LOGISTICS

Mr. Denis Presseault, Timiskaming Economic Res. A Dev.; Field Technician:Mr. Presseault carried out the magnetics fieldwork on April 27, 2004.

responsible for ensuring that data were acquired and edited in a proper manner.He was

Mr. Joe Mihelcic; Geophysicist:Mr. Mihelcic processed the data received from Mr. Presseault, prepared this report

and is responsible for data storage.

Table l - Survey Specifications

Base Station

Field System

Mode

Station interval

Total Coverage

GEM Systems GSM-19 Proton Precession

GEM Systems GSM-19 Overhauser

Total Field Magnetics

metres

8.675 km

Table 2 - Survey Grid Coverage

Line

TL800STL400S

BLOTL400NL500WL400WL300WL200WL100W

LO

Grid X(min)500W500W500W500W500W400W300W200W100W

o

Grid X(max)

0000

500W400W300W200W100W

o

Grid Y(min)800S400S

0400N800S800S800S800S800S275S

Grid Y(max)800S400S

0400 N400N400N400N400N400N400N

TOTAL

#

41414141979797979755

704

Distance(m)500500500500

12001200120012001200675

8675

-4- ClearVlew Geophysics Inc.

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JUNK 29,2004

8. SURVEY METHODOLOGY

8.1 MAGNETOMETER SURVEYS

The base station magnetometer was established in a low gradient location. Base readings were automatically recorded at 5-second intervals. The operator carried the field unit sensor at head-level. He ensured that all metallic objects that could influence the measurements were absent from the setup and his body. Readings were taken at regular intervals and referenced to grid coordinates. The location of readings taken between pickets was estimated.

9. DATA PROCESSING AND PRESENTATION

Magnetics data were diurnally corrected using in-house software. This software straight-line interpolates base station data to time-match field data. The interpolated base readings, along with line, station, time, uncorrected and corrected magnetics, are output as separate columns in the processed file. These data were subsequently imported to Geosoft Oasis software for plotting.

All plots were output to an HP DeskJet 1220C colour printer.

-5- ClearView Geophysics Inc.

Page 9: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

l UN i.; 29, 2004

10. DISCUSSION OF RESULTS

A brief discussion of the magnetic survey results follows. Refer to the plan maps in Appendix B.

The strongest and broadest magnetics anomaly is located on L100W and L200W centred on station 100S. Readings are almost 2000 nT above background on L200W. This indicates potential sulphides (e.g., pyrrhotite, etc.). The negative responses at Line 0/BL is likely related to infrastructure around a mineshaft; however, a broader negative response centred at L400W7stnl25S could be part of the same overall magnetics source(s) and it could have reversed remnant magnetization. The sharp amplitude of the anomaly indicates the source(s) is relatively shallow/near surface.

Further south is a relatively linear anomaly, which peaks on L300W7stn.25N and TL400S7stn250W. It trends approximately east-west immediately north of TL400S and bulges towards the south along L200W. Readings are less than 1000 nT above background and this could indicate a zone(s) of minor sulphides or more magnetic geologic rock types within a contact zone or dyke.

Additional minor zones and trends can be seen at other part of the grid. For example, a weak east-west trend can be seen between L200W and LO at ~stn.350N. Another broad zone can be seen centred around LSOOW/stn.VSN. These could be related to minor sulphides.

-6- ClearView Geophysics Inc.

Page 10: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

J UK i.; 29, 2004

11. CONCLUSIONS

The surveys were successful in locating a number of magnetics anomalies that could indicate favourable mineralization. These anomalies should be correlated with geologic data to determine their sources. Additional geophysical surveys, such as IP/resistivity, are recommended to further prioritize exploration targets.

If there are any questions about the surveys, please do not hesitate to contact the undersigned.

Sincerely,

ClearView Geophysics Inc.

Joe Mihelcic, P.Eng., M.B.A.Geophysicist/President

-7- Clearvlew Geophysics Inc.

Page 11: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

JUNK 29,2004

12. REFERENCES

Ontario Geological Survey2000: Airborne magnetic and electromagnetic surveys, Temagami area; Ontario

Geological Survey, Map 82 066, scale 1:20 000.

Sears, S.M.2000: Report on a 1999 Drill Program in the Cobalt Area, for Cabo Mining Corp.

(Includes 2 holes under the Waldman Prospect)

Sergiades, A.O.1968: Silver Cobalt Calcite Vein Deposits of Ontario; Ontario Department of Mines,

Mineral Resources Circular No. 10.

Thompson, R.1961: Preliminary Report on parts of Coleman Township, Concession IV, Lots l to 5

and Gillies Limit, the Eastern "A" Claims, District of Timiskaming; Ontario Department of Mines, P.R. 1961-6.

1963: Cobalt Silver Area, Southwestern Sheet; Ontario Department of Mines Map 2051, Scale 1:12,000.

Assessment Files of the Ontario Geological Survey, Larder Lake Office.

ClearView Geophysics Inc.

Page 12: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

JUNK 29, 2004

13. STATEMENT OF QUALIFICATIONS, JOE MIHELCIC

I, Joe Mihelcic, Hereby certify that:

1) I am a geophysicist with business office at 12 Twisted Oak Street, Brampton, Ontario L6R 1T1.

2) I am a principle of ClearView Geophysics Inc., a company performing geophysical services.

3) I am a graduate of Queen's University in Applied Science, Geological Engineering (B.Sc. 1988) and of Ivey Business School (M.B.A. 1995).

4) I am a member of the Professional Engineers of Ontario (PEO).

5) I have practiced by profession for over 15 years.

6) I do not have a direct or indirect interest in Cabo Mining Enterprises Corp. securities.

Signed

Joe Mihelcic, P.Eng., M.B.A. Brampton, Ontario June 29, 2004

-9- ClearView Geophysics Inc.

Page 13: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

APPENDIX A - Instrument Specifications

ClearView Geophysics Inc.

Page 14: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

Key System ComponentsKey components that differentiate the GSM-19 from other systems on the market include the sensor and data acquisition console. Specifications for components are provided on the right side of this page.

GEM's sensors represent a proprietary innovation that combines advances in electronics design and quantum magnetometer chemistry.

Electronically, the detection assembly includes dual pick-up coils connected in series opposition to suppress far-source electrical interference, such as atmospheric noise. Chemically, the sensor head houses a proprietary hydrogen-rich

©lM Systems, Inc. delivers the world's Only magnetometers and gradiometer ; pi! built-in OPS for accurately-positioned IfOufid,. airborne and stationary data lcquisition. The company serves customers in many fields including Iflinsrat-exploration, hydrocarbon (exploration, environmental .and |ngineering, Unexploded Ordnance pS^&Hjen, archeology, earthquake hazard : prediction and observatory research. ;

ley products include the QutekTracker™ l I'rOtOn Precession, Overhauser and luperSenser™ Optically-Pumped l&jassium instruments. .Each system jifteps/ tinique benefits in terms of ..'. |e|sftwrJ5?, sampling, and acquisition of |i||pquaiity.data,.These core benefits are llpjSilierrtented by GPS technologies that ffevide: metre to sub-metre positioning,

pMh customers in more than 50 countries |iy?aliy .and more than 20;years of;io^ntinuo^s technoloo,y|RS(DiGEM is: .,--: |ri^Sn:,ai the-only geophysiearinstrument; |tanuficturer:that 'focuses exclusively on: : I^Hetic technology advancement. :: :

liquid solvent with free electrons (free radicals) added to increase the signal intensity under RF polarization.

From a physical perspective, the sensor is a small size, light-weight assembly that houses the Overhauser detection system and fluid. A rugged plastic housing protects the internal components during operation and transport.

All sensor components are designed from carefully screened non-magnetic materials to assist in maximization of signal-to- noise. Heading errors are also minimized by ensuring that there are no magnetic inclusions or other defects that could result in variable readings for different orientations of the sensor.

Optional omni-directional sensors are available for operating in regions where the magnetic field is near-horizontal (i.e. equatorial regions). These sensors maximize signal strength regardless of field direction.

Console technology comprises an external keypad l display interface with internal firmware for frequency counting, system control and data storage l retrieval. For operator convenience, the display provides both monochrome text as well as real-time profile data with an easy- to-use interactive menu for performing all survey functions.

The firmware provides the convenience of upgrades over the Internet via the GEMLinkW software. The benefit is that instrumentation can be enhanced with the latest technology without returning the system to GEM - resulting in both timely implementation of updates and reduced shipping / servicing costs.

Sensitivity: < 0.015 nTY VHz Resolution: .'0;Q1 : nt Absolute Accuracy: -^-ftllif Range: 10,000 to 120,000: bf Gradient Tolerance: M 0,000 rtTOW Samples at: 60-*-, 5, 3, 2, 1, 0.5, 0.2 see Operating Temperatu re: -40C to *55G

Manual: Coordinates, time, date and: reading .stored automatically at miriimurrtf5 3 second interval. :; ; .S;Base Station: Time, date and reading ;: stored at 3 to 60 second intervals.Remote Control: Optional remote conttpl^jl using RS-232 interface. : : : ; : ,; v : :' :|j Input7 Output: RS-232 or analog - ; '^:; ^optional) output using 6-pin weatMerpi;0c?|connector . r: :. : : : : 'S;S

209,718;; 699,Q50;| 174,762 299,593;;

223x69x:240::mift

Mobile: Base Station: Gradiometer: Walking Mag:

Console:Sensor: 175 x 75mm diameter cyfcdeff|

Console with Belt: ; •Sensor and Staff Assembly:

GSM-19 console, GEMLinkW software,batteries, harness, charger, sensor with cable, RS-232 cable, staff, instruction manual and shipping case. --: :.:

Frequency Range: Up to 3 stations .betWeen 1SJ; ip30.0kHz ' . -':V:-h-'"':-.^Parameters: Vertical in-phase arKtout-of-phasjgi

of horizontal field amplitude and total field f';: :| strength in pT. V-.-'^,..*'3Resolution: ;o.Wof(o1W8eltf:':

ADVANCED MAGNETOMETERS

GEM Systems, Inc.52 West Beaver Creek Road, 14

Richmond Hill, ONCanada L4B1L9

Email: [email protected]: www.gemsys.ca

Represented By:

Page 15: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

T o f^ o rv o ̂ CT^ t * i"5* r ̂In a typical proton magnetometer, current is passed through a coil wound around a sensor containing a proton rich liquid. The auxiliary DC field S created by the coil ^100 Gauss) polarizes the protons in the liquid which build up to a higher thermal equilibrium with the auxiliary magnetic field. The current and hence the field is abruptly terminated, allowing the polarized protons to precess around the Earth's magnetic field direction with a frequency f, which is strictly proportional to the applied field value:

f = 42.5763751 MHz/TThe scalar component of the Earth's field is derived from the frequency of the precession signal which decays exponentially and lasts till the protons return to steady state. The quality of the measurement can be derived from the signal amplitude and its decay characteristics and is averaged over the sampling period and recorded.

The light weight and variable cycling speed (1 reading per 3 to 60 second - 0.5 sec for walking option) and exceptionally low power consumption over a wide temperature range and low noise levels combine to make possible a superior magnetic field measuring device. An option for low field measurement is accomplished by creating a small auxiliary magnetic flux density while polarizing.

Optional Omnidirectional VLFWith GEM Systems'omnidirectional VLF option, up to three transmitter stations of VLF data can be acquired without orienting the sensor. Moreover, the operator is able to record both magnetic and VLF data with a single operation on the key pad.

Frequency Range:

Parameters Measured:

Resolution:

Number of Stations:

15-30.OkHz

Vertical in-phase 8t out- of-phase components as "/o of total field. 2 relative components of the horizontal field. The absolute amplitude of the total field.

0.1 "/o

Up to 3 at a time.

Data editing, processing, compiling and interpreting software options available with GSM-19Tseries

Sensitivity: Resolution: Absolute Accuracy:

Dynamic Range: Gradient Tolerance:Sampling Rate:Console:Sensor:Sensor and Staff Assembly:VLF Sensor:

0.2 nT/VHz 0.01 nT 1.0nT

20,000 to 100,000 nT ^.OOOnT/meter

1 reading per 3 to 60 seconds 223 x 69 x 240 mm, 2.1 kg 140 x 75 mm diameter cyl.(1)2.0 kg, (2) 3.0 kg160 x 150 x 150 mm, 1.3 kg

Environmental:Storage Temperature: -70"C to 60"C. Operating Temperature: -40"C to 60"C. Humidity: O to 10007o, splashproof console.

Power Requirements:12 V 2.2 Ah battery will operate continuously for 45 hours on standbyPower Consumption:12 watt-seconds per reading typical at 20 degrees C.Outputs:Direct readings of the Earth's magnetic field in ascii format at selectable baud rates and optional analog 200-step voltages for chart recorders.

About GEGEM Systems has provided its clients with quality instrumentation for magnetic measurements of the Earth's magnetic field since 1980. A commitment to high performance, small size and weight and low power consumption has been the GEM Systems' philosophy since the introduction of its first instrument.

52 West Beaver Creek Rd. #14 Richmond Hill, ON L4B 1L9 Canada Tel (905) 764 8008 Fax (905) 764 2949 http://www.GEMSys.on.ca email: [email protected]

ADVANCED MAGNETGMEItKS

Revsion 12/00

Page 16: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

APPENDIX B - Plates

ClearView Geophysics Inc.

Page 17: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES

Transaction No:

Recording Date:

Approval Date:

Client(s):

178510

Survey Type(s):

W0480.01102

2004-JUL-12

2004-JUL-13

Work Report Summary

Status: APPROVED

Work Done from: 2004-MAY-01

to: 2004-JUN-30

OUTCROP EXPLORATIONS LIMITED

LC MAG

Work Report Details:

Claim*L 1163096

L 1212226

L 1212231

L 1230446

L 1231083

L 1231085

L 1240235

L 1247790

L 1247791

L 1247794

External Credits:

Reserve:

PerformS160

52,705

S688

SO

51,088

S160

S337

SO

S753

SO

S5,891

Perform Approve

5160

S2.705

5688

SO

S1,088

5160

5337

SO

5753

SO

S5,891

SO

Appliedsososo

53,891

SO

SO

SO

5400

S400

51,200

55,891

Applied Approve

SOso50

53,891

SO

SO

SO

S400

S400

S1.200

55,891

Assign

5160

52,705

5688

50

51,088

5160

5337

SO

S353

SO

S5.491

Assign Reserve Approve Reserve Approve Due Date

160

2,705

688

0

1,088

160

337

0

353

0

55,491

SO

SO

SO

50

50

SO

SO

SO

SO

SO

50

SO 2004-AUG-30

SO 2004-OCT-07

SO 2004-NOV-21

SO 2004-JUL-21

SO 2005-FEB-25

SO 2004-NOV-12

SO 2004-JUN-22

SO 2005-JUN-27

50 2005- J UN-27

50 2005-JUN-27

SO

SO Reserve of Work Report*: W0480.01102

SO Total Remaining

Status of claim is based on information currently on record.

31M05NE2029 2.28088 GILLIES LIMIT 900

2004-Jul-20 09:44 armstrong-d Page 1 of 1

Page 18: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

Ministry ofNorthern Developmentand Mines

Date:2004-JUL-14

Ministere du Developpement du Nord et des Mines Ontario

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

OUTCROP EXPLORATIONS LIMITED 12 MARTIN DRIVE COBALT, ONTARIO POJ1CO CANADA

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

Dear Sir or Madam

Submission Number: 2.28088 Transaction Number(s): W0480.01102

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 STEVEN BENETEAU by email at [email protected] or by phone at (705) 670-5855.

Yours Sincerely,

Ron.C. GashinskiSenior Manager, Mining Lands Section

Cc: Resident Geologist

Outcrop Explorations Limited (Claim Holder)

Assessment File Library

Outcrop Explorations Limited (Assessment Office)

Seymour M Sears (Agent)

Visit our website at http://www.gov.on.ca/MNDM/LANDS/mlsmnpge.htm Page: 1 Correspondence 10:19642

Page 19: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

ONTftiUO ssssa'^'^ Mining Land TenureCANADA BSBtt**,

CO CO

f fM H CO

O O

General Information and Limitations

Date/Tim* of Issue: TUB Jul20 11:10:54 EOT 2004

TOWNSHIP l AREA PLAN GILLIES LIMIT NORTH 6-3429

ADMINISTRATIVE DISTRICTS l DIVISIONS

Mining Division Larder LakeLand Titles/Registry Division TIMISKAMINGMinistry of Natural Resources District NORTH BAY

TOPOGRAPHIC Land Tenure

atiflttt* And MMttjp fttijhd

lil

Eii

LAND TENURE WITHDRAWALS

IMPORTANT NOTICES

LAND TENURE WITHDRAWAL DESCRIPTIONS

Worn fenW*m t+nW*m Am

*a Worn FM 432* Wnm Mn

44H Warn

dona jw*^infl to O* SlnHfl* fSTWCINS 'IP MIWIWQ CLAIM? WMl f* ST t ftf ICKHTHNEi WaWTS TO eiCVATION BOB Ft ABOVE it* t C VE t IN LAKE T1MI3KAMIN0.DU ItGVKWITHtJfUWN FRp^M BtAKWiAfAP

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Page 20: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

600W SOOW 400W loot

'3 2:

- o

C/)

o o

600W SOOW 400W 300W 200W 100 W

I-XHOS - *cd ,^

lOOt

O Claim Post (located, u.\.\umt'd)

Magnetics

Scale 1:5000l (Mi HO

|| || l l III l 1 II II IMl'l l H l

31M05NE2029 2.28088 GILLIES LIMIT 210

Total Kidd MagneticsC aho Mining Knterprises Corp. \VaUlnian rrospt-tl. Cobalt Area

Contours: 25 nT, 50() nTInstrumentation: Gem Syslcms GSM-I 4) Ovcrhauscr Mag

Moiled June 29. 2004PLATE 1

ClearVicw Geophysics lnc.(ref I0426)

Page 21: Report on Magnetics Surveys · 2017. 1. 17. · Report on Magnetics Surveys at the Waldman Prospect Cobalt Area, NE Ontario On behalf of: Cabo Mining Enterprises Corp. 595 Howe Street

238.1712.8785.7586.4558.8673.8700.9642.6614.0552.5609.0283.4185

Scale 1:500050 100

Total Field MagneticsCabo Mining Enterprises Corp. Waldman Prospect, Cobalt Area

Postings/Profiles Base ^ 57,200 nT; Profiles Scale: l cm = 200 nTInstrumentation: Gem Systems GSM-19 Overhauser Mag

Plotted June 29,2004PLATE 2

ClearView Geophysics Inc.(ref 10426)