results of mobile metal ions process (mmi-m) soil

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Results of Mobile Metal Ions Process (MMI-M) Soil Geochemical Surveys on the Marble Mountain Property of Cascadero Copper Corporation, Sudbury Area, Ontario, Canada Prepared by Qualified Persons Mark. A.F. Fedikow 1 , Ph.D., P.Eng., P.Geo., C.P.G. and Ruth K. Bezys 2 , M.Sc., P.Geo. Date: February 26th, 2012 Technical Report For: Cascadero Copper Corporation 590 East Kings Road North Vancouver, B.C., Canada, V7N 1J3 UTM: approximately 508815E, 5186317N 80.88441 OW, 46.83034°N 1 Mount Morgan Resources Ltd., Lac du Bonnet, Manitoba 2 Wildwnnd GAnlnair.AI SAntir.As lnr._ WinninAa MAnitnhA

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Page 1: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of Mobile Metal Ions Process (MMI-M) Soil Geochemical Surveys

on the Marble Mountain Property of Cascadero Copper Corporation, Sudbury Area, Ontario, Canada

Prepared by Qualified Persons Mark. A.F. Fedikow1

, Ph.D., P.Eng., P.Geo., C.P.G. and Ruth K. Bezys2

, M.Sc., P.Geo.

Date: February 26th, 2012

Technical Report For:

Cascadero Copper Corporation 590 East Kings Road

North Vancouver, B.C., Canada, V7N 1J3

UTM: approximately 508815E, 5186317N 80.88441 OW, 46.83034°N

1 Mount Morgan Resources Ltd., Lac du Bonnet, Manitoba 2Wildwnnd GAnlnair.AI SAntir.As lnr._ WinninAa MAnitnhA

Page 2: Results of Mobile Metal Ions Process (MMI-M) Soil

ii

T A B L E O F C O N T E N T S

1.0 SUMMARY ..........................................................................................................................2

2.0 INTRODUCTION AND TERMS OF REFERENCE ..............................................................3

3.0 INTRODUCTION .................................................................................................................3

4.0 PROPERTY DESCRIPTION AND LOCATION ...................................................................4

5.0 PURPOSE OF THE SURVEY .............................................................................................5

6.0 SAMPLE COLLECTION AND ANALYSIS..........................................................................6

6.1 INTRODUCTION ..................................................................................................................... 6

6.2 DATA TREATMENT AND PRESENTATION ................................................................................. 6

7.0 RESULTS............................................................................................................................7

7.1 QUALITY CONTROL ............................................................................................................... 77.1.1 DATA REPRODUCIBILITY-ANALYTICAL DUPLICATES ............................................... 77.1.2 STANDARD REFERENCE MATERIALS................................................................... 127.1.3 ANALYTICAL BLANK REPLICATES ........................................................................ 12

7.2 AREAL DISTRIBUTION OF THE MMI-M SUITE OF ELEMENTS .................................................. 137.2.1 METHOD OF INTERPRETATION ............................................................................ 137.2.2 SPEARMAN-RANK CORRELATION COEFFICIENT MATRIX ...................................... 137.2.3 VERTICAL MAPPER BUBBLE PLOTS .................................................................... 147.2.4 MARBLE MOUNTAIN DATA .................................................................................. 147.2.5 PRECIOUS METAL AND ASSOCIATED ELEMENT RESPONSES ................................ 157.2.6 BASE METAL AND ASSOCIATED ELEMENT RESPONSES........................................ 17

8.0 OBSERVATIONS AND DISCUSSION .............................................................................. 24

8.1 INTRODUCTION ................................................................................................................... 24

8.2 SPEARMAN RANK CORRELATION COEFFICIENT MATRIX........................................................ 25

8.3 SAMPLING DEPTHS ............................................................................................................. 25

8.4 ANALYTICAL DATA QUALITY ................................................................................................ 25

8.5 MOBILE METAL IONS SOIL SAMPLE PREPARATION................................................................ 25

9.0 CONCLUSIONSAND RECOMMENDATIONS .................................................................. 25

10.0 DATE AND SIGNATURE .................................................................................................. 27

Page 3: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 1

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

Table 1. Analytical duplicates for Marble Mountain MMI data...................................................................8

Table 2. Standard reference material results for Marble Mountain data.................................................12

Table 3. Standard reference material accepted values...........................................................................12

Table 4. Analytical Blank Replicates........................................................................................................12

Table 5: Spearman-Rank Correlation coefficient matrix for Marble Mountain data. ...............................14

L I S T O F F I G U R E S

Figure 1: Location of the Marble Mountain property and MMI-M geochemical soil sample sites. ............5

Figure 2. Simple linear regression plots for duplicate pairs for Ag, Au, Co, Cu, Ni, Pb and Zn................8

Figure 3: Areal distribution of response ratios for Au. .............................................................................16

Figure 4: Areal distribution of response ratios for Ag. .............................................................................17

Figure 5: Areal distribution of response ratios for Cu. .............................................................................19

Figure 6: Areal distribution of response ratios for Pb. .............................................................................20

Figure 7: Areal distribution of response ratios for Zn. .............................................................................21

Figure 8: Areal distribution of response ratios for Ni. ..............................................................................22

Figure 9: Areal distribution of response ratios for Co. .............................................................................23

Figure 10: Areal distribution of response ratios for Pd. ...........................................................................24

L I S T O F A P P E N D I C E S

Appendix 1: ..............................................................................................................................................29

Appendix 2: ..............................................................................................................................................30

Appendix 3: ..............................................................................................................................................31

Page 4: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 2

1 . 0 S U M M A R Y

The following conclusions are evident from MMI-M exploration surveys undertaken on

Cascadero’s Marble Mountain property:

The survey has successfully demonstrated that MMI-M partial extractions on soil

samples collected from glacially-derived soils can isolate MMI-M precious and base

metal anomalies on the property;

The main commodity element response on the Marble Mountain property is present

as a low- to high-contrast series of anomalies on the East grid. Because of the

orientation and extent of the sampling transects it is difficult to assess the strike

lengths of some of these responses however Ag, Cu, Ni and Co extend across two

or more transects. The West grid is devoid if significant MMI responses for base and

precious metals;

The linear nature of some of the anomalous metal responses (Ag, Cu, Ni and Co)

strongly suggest that the mineralization is associated with mafic to ultramafic rocks

(Ni), that these zones of mineralization are pyritic (and pyrrhotitic) due to the Co

association. The presence of both Ni and Co are suggestive of their presence as

sulphide mineral species;

The anomalies present on the East grid are likely more extensive than indicated

given the limited east-west extent of the sampling grid. Additional sampling and MMI

analyses could truncate or elucidate the nature of these anomalies “along strike”,

and;

Some variability in MMI geochemical response is apparent in the quality control data

for the analytical duplicates, however this variability is insignificant and not a barrier

to the recognition of bona fide base and precious metal anomalies. The analyses

generated by the MMI-M extraction are accurate and precise and are effective for

the detection of low- to high-contrast anomalies.

Page 5: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 3

2 . 0 I N T R O D U C T I O N A N D T E R M S O FR E F E R E N C E

The Marble Mountain Property is located in the Sudbury Mining District (Central Ontario) in

Parkin Township. It is 100% owned J.G. Brady with the option held by Cascadero Copper

(CCD).

The Mobile Metal Ion (“MMI”) soil survey was done in late 2011 and resulted in 164 samples

being collected. This report is an interpretation of the data.

This report was compiled by Ruth Bezys P.Geo. and the interpretations in the report are the

responsibility of Mark Fedikow P.Geo.

3 . 0 I N T R O D U C T I O N

The exploitation of mineral commodities in the near-surface geological environment has

become increasingly difficult due to the exhaustion of mineralization exposed at surface and

the mantling of prospective bedrock. For this reason a plethora of innovative exploration

geochemical selective and partial digestions, coupled with state-of-the-art instrumentation

capable of measuring concentrations in the parts per billion (ppb) and sub-parts per billion

ranges, have been developed. These techniques offer the explorationist tools to "see

through" glacial overburden and derive useful mineral exploration data for integration with

geology and geophysics and ultimately for drill-testing multivariate anomalies. Disrupted

glacial sediments tend to complicate MMI responses although modified sampling practices

can be adopted to rectify this disturbed environment. Areas affected by landslide are also

complicating factors.

The proprietary Mobile Metal Ions Process (MMI) soil geochemical technique has been

utilized on a wide range of commodity types from base and precious metals to diamonds

worldwide. The Technology has also been utilized to map bedrock lithologies in overburden

covered terrain. The Process is based upon proprietary partial extraction techniques,

specific combinations of ligands to keep metals in solution, and relies on strict adherence to

sampling protocols usually established during an orientation program. Geochemical data

resulting from MMI analysis of improperly collected soils cannot be ameliorated with

univariate and/or multivariate statistical and graphical solutions.

The recognition of anomalies in geochemical data has progressed from simple visual

inspection in small data sets to multivariate, parametric and non-parametric or robust

statistical methods for large datasets usually extracted from regional geochemical surveys.

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Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 4

Derived parameters from these statistical exercises, such as factor scores or discriminate

functions, have been successfully utilized in reducing a large number of potentially useful

variables to a select few variables that identify and localize anomalous geochemical

signatures. These statistical approaches have been required to manipulate accurate and

precise, low-cost, multi-element geochemical data.

The MMI technology uses a different approach to exploration geochemistry by analyzing

soils for a select few commodity elements upon which to base property evaluations. Having

stated this, the MMI-M multi-element suite that was utilized to analyze inorganic soils from

the Marble Mountain Property (“MMP”) survey consists of analyses for a select range of

elements. These consist of a multi-element suite that reports ppb and sub-ppb analyses for

base and precious metals, pathfinder elements for these commodities.

4 . 0 P R O P E R T Y D E S C R I P T I O N A N D L O C A T I O N

The senior author of this report was contracted by Mr. John Brady and Mr. Bill McWilliam of

Cascadero Copper Corporation (“CCD”) to undertake the interpretation of Mobile Metal Ions

soil geochemical survey data from the Marble Mountain Property in the Sudbury Mining

District. The surveys were undertaken to assess the property for MMI geochemical

signatures related to base and precious metal mineralization in glacially-derived soil. Soil

samples were collected according to protocols established in previous orientation surveys

undertaken in the area by the senior author. This report represents an interpretation of work

undertaken in 2011 and is completed with recommendations for follow-up exploration. The

description of MMI element suite responses in this report includes a review of the

magnitude and morphology of responses for a suite of elements drawn from 8 reported

elements. Samples were collected between 10 cm and 25 cm below the zero datum as

indicated by previous orientation survey as the optimum and most representative sample

depth. The property location and that of the MMI survey area are given in Figure 1 and is

draped on claim fabric.

Page 7: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 5

Figure 1: Location of the Marble Mountain property and MMI-M geochemical soil

sample sites.

5 . 0 P U R P O S E O F T H E S U R V E Y

The MMP survey undertaken by CCD was designed to assess the survey area for the

discovery of geochemical signatures related to base and precious metal mineralization. The

overburden cover has the potential for modifying geophysical and traditional geochemical

responses from buried mineralization in the area and accordingly the MMI survey is an

attempt to provide a tool for focused exploration. The depth of high-contrast residence sites

of base and precious metals in the soil profile was determined by earlier orientation surveys

in this terrain/landscape environment.

Page 8: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 6

6 . 0 S A M P L E C O L L E C T I O N A N D A N A L Y S I S

6 . 1 I N T R O D U C T I O N

Sample collection techniques for this survey were determined during earlier orientation

surveys undertaken by Mount Morgan Resources Ltd. in the area. Samples were collected

according to protocols developed for the landscape environment that exists at Marble

Mountain. Sample locations based on UTM coordinates are presented in Figure 1.

In MMI surveys there are some general approaches that are used to guide sample collection

including preferred depths of sampling and these are described briefly here. Additional

information is also available from the SGS Mineral Services website

(W W W . S G S . C O M / G E O C H E M I S T R Y /MMI). The intellectual property that is MMI

Technology was recently purchased by SGS and as such SGS Mineral Services is the sole

provider of this service.

Soil samples, each weighing approximately 250 grams, are usually collected at variable

sample spacing along single transects over known mineralized zones or extrapolated trends

of these zones. Generally, 25-m stations in precious metal exploration and up to 50 m in the

case of base metals are the routine spacing. Sample spacing should be established on the

basis of a “best-estimate” of the likely target being sought with estimates from historical data

or exploration results from nearby programs. Initially, samples are often collected at a closer

spacing until it is determined that a larger spacing is appropriate to the target being sought.

At the MMP the soil samples were collected from hand-dug pits to a depth of 10-25 cm

below the “zero datum” or the point at which soil formation is initiated in this environment.

Samples are bagged on site without preparation and shipped to SGS Laboratories (Lima,

Peru) for MMI-M analysis. The MMI-M is a pH-neutral extraction with analytical finish by

inductively coupled plasma-mass spectrometry (ICP-MS).

6 . 2 D A T A T R E A T M E N T A N D P R E S E N T A T I O N

In exploration surveys where sampling and analytical protocols have been determined by an

orientation survey, analytical data is examined visually for analyses less than the lower limit

of detection (<LLD) for ICP-MS. Data <LLD are replaced with a value ½ of the LLD for

statistical calculations and graphical representation. For most exploration surveys, MMI data

is plotted as response ratios. For the calculation of response ratios the 25th percentile is

determined using the software program SYSTAT (V10) and the arithmetic mean of the lower

quartile used to normalize all analyses. The normalized data represent "response ratios"

which are then utilized in subsequent plots. Zeros resulting from this calculation are

replaced with “1”. Response ratios are a simple way to compare MMI data collected from

different grids, areas and environments from year to year. This normalized approach also

significantly removes or "smoothes" analytical variability due to inconsistent extraction or

instrument instability. For the MMP survey the interpretation is based on response ratios.

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Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 7

Analytical data as received from SGS Mineral Services is presented in Appendix 1.

Analytical data from analytical duplicates, replicate analyses of standard MMI reference

materials and analytical blanks are given in Appendix 2. The 25th percentiles and

backgrounds used to calculate response ratios are included in Appendix 2 with the edited

analytical data. The variation in concentration of MMI-M suite elements on the MMP is

discussed in a geochemical narrative based on bubble plots produced with Vertical Mapper,

a module within MAPINFO.

The bubble plots given in Appendix 3 are based upon all data and presented as non-

truncated plots. In the event that very high-contrast response ratios are present the RR are

truncated at 100RR to permit the assessment of the lower contrast geochemical flux in the

dataset. This is accomplished by truncating all response ratios >100RR, re-setting these

responses to 100RR and re-plotting. Plots assessing quality assurance are also presented

in Appendix 3.

7 . 0 R E S U L T S

7 . 1 Q U A L I T Y C O N T R O L

7.1 .1 DA T A RE P R O D U C I B I L I T Y -AN A L Y T I C A L DU P L I C A T E S

The ability to reproduce analytical duplicates in this dataset is reviewed with the use of

simple linear regression and the calculation of Cook’s Distances. This approach identifies

outliers in the dataset. Only plots for important commodity, pathfinder and lithologically-

sensitive elements are given below.

Analytical duplicate sample analyses are presented in Table 1, Figure 2 and Appendix 2

and permit an assessment of the ability to reproduce analyses at a wide range in

concentration. In the 2011 analytical data it is observed that the duplicate pairs exhibit a

very high degree of reproducibility across a wide range in concentration for most MMI-M

elements including the base and precious metal commodity elements Ag, Au, Co, Cu, Ni, Pb

and Zn,, important commodity elements in this study. Any variability that exists between

duplicates is generally within +/- 25% and as such is interpreted not to be a hindrance to

interpretation and the recognition of bona fide trends and anomalies in the dataset. Most

variability occurs at or near the lower limit of determination. Some analytical duplicate pairs

exhibit significant variance at lower concentration levels near the analytical limits of

determination. It is noted that this variability is not uniform for all duplicate pairs and for most

pairs the reproducibility for these elements is excellent. The use of simple linear regression

for duplicate pairs and analyses for important commodity elements in this study indicate the

excellent linear relationship that exists between these duplicate pair analyses. Although

some outliers are identified in these plots the overall quality of the data is considered as

excellent.

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Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 8

Palladium was not plotted, as results were at or below detection level. No field sample

duplicates were taken.

Table 1. Analytical duplicates for Marble Mountain MMI data.

Sample#

Ag1 Ag2 Au1 Au2 Co1 Co2 Cu1 Cu2 Ni1 Ni2 Pb1 Pb2 Zn1 Zn2

WP-013 12 11 0.05 0.05 336 327 5000 5060 2240 2290 550 710 1210 1240

WP-022 34 37 0.2 0.3 90 86 770 780 520 511 1100 970 350 340

WP-041 27 21 0.1 0.5 71 70 2320 1750 1620 1540 710 660 1200 1130

WP-049 16 20 0.1 0.1 197 218 2710 2940 1260 1350 330 330 490 560

WP-076 20 20 0.2 0.6 47 49 600 590 139 142 250 260 220 230

WP-081 41 39 0.05 0.1 123 112 980 1010 1830 1660 610 630 340 350

WP-087 6 7 0.2 0.2 51 51 2010 2000 248 185 440 400 130 170

WP-109 4 3 0.4 0.4 87 90 540 590 120 128 320 330 350 340

WP-122 0.5 0.5 0.05 0.05 24 43 190 200 61 79 0.5 10 40 10

WP-138 18 19 0.05 0.05 91 89 430 440 1080 1140 300 290 1090 1070

WP-145 0.5 0.5 0.2 0.1 35 39 660 690 326 348 80 90 190 190

WP-155 5 5 0.1 0.2 131 151 1010 990 1130 1120 420 430 490 500

WP-173 4 4 0.3 0.2 43 43 810 740 285 261 380 370 230 220

WP-181 6 8 0.4 0.3 91 94 390 390 158 162 150 150 220 230

Figure 2. Simple linear regression plots for duplicate pairs for Ag, Au, Co, Cu, Ni, Pb and

Zn.

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Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 9

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Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 10

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Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 11

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Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 12

7.1.2 STAND ARD REFER ENC E MAT ERIALS

Three standards were used to bracket MMI-M analyses of the Marble Mountain samples.

Results for each are presented Table 2 and Appendix 2. The standard recommended

values for the elements used in this survey are presented in Table 3. All standards from the

MMP data set are within acceptable, reported limits.

Table 2. Standard reference material results for Marble Mountain data

ANALYTE Ag Au Co Cu Ni Pb Pd Zn

DETECTION 1 0.1 5 10 5 10 1 20

UNITS ppb ppb ppb ppb ppb ppb ppb ppb

MMISRM16 16 30 55 640 260 90 22 260

MMISRM16 17 23.6 45 560 188 70 21 230

AMIS0169 6 0.4 93 3370 397 100 1 190

AMIS0169 9 0.5 109 4000 459 110 <1 230

MMISRM18 18 8.1 49 590 374 170 10 550

Table 3. Standard reference material accepted values

Analyte Units Det. Limit MMISRM16 AMIS0169 MMISRM18

Ag PPB 1 17 8 25

Au PPB 0.1 26.1 0.7 9.7

Co PPB 5 54 115 71

Cu PPB 10 629 4035 780

Ni PPB 5 243 425 502

Pb PPB 10 100 123 325

Pd PPB 1 24 <1 15

Zn PPB 20 233 233 733

7.1 .3 AN A L Y T I C A L BL A N K RE P L I C A T E S

A review of the replicate analyses of the analytical blanks Table 4 (Appendix 2) indicates

minimal contamination in the blanks. Examination of Table 4 indicates there is no significant

laboratory-based contamination that is being introduced into the sample and that this

contamination is incapable of obscuring bona fide MMI anomalies.

Table 4. Analytical Blank Replicates.

ANALYTE Ag Au Co Cu Ni Pb Pd Zn

DETECTION 1 0.1 5 10 5 10 1 20

UNITS ppb ppb ppb ppb ppb ppb ppb ppb

BLANK <1 <0.1 <5 <10 <5 <10 <1 <20

BLANK <1 <0.1 <5 <10 <5 <10 <1 <20

BLANK <1 <0.1 <5 <10 <5 <10 <1 <20

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Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 13

BLANK <1 <0.1 <5 <10 <5 <10 <1 <20

BLANK <1 <0.1 <5 <10 <5 10 <1 20

7 . 2 A R E A L D I S T R I B U T I O N O F T H E M M I - M S U I T E O F E L E M E N T S

7.2.1 METH OD OF INT ER PR ETATION

Multivariate statistical and graphical techniques were not utilized for the interpretation of

MMI-M data in the 2011 MMP survey interpretations. A simple visual approach based on

bubble plots was used. The MMI-M data was examined for anomalous spikes or groups of

elevated responses for single and/or coincident elements. Element groupings such as Au-

Ag, Au-Ag-Pd, Zn-Cd, Ni-Co, Ni-Co-Ag, Cu-Mo and Ni-Cu all have relevance to underlying

geological conditions and their contained mineralization and are used to assist the rankings

of any particular MMI response in terms of follow-up.

When concentration-only data is reviewed unique “spikes” or anomalous responses are

assessed. When response ratios are used there are general guidelines brought to bear on

the interpretation. Generally, a response ratio of 1RR-10RR is generally interpreted as little

more than “background”, 11RR-20RR is of limited interest, >20RR or 20 times background

is an initial indication of a low-contrast anomalous response although this "threshold" is not

universal. A response of between 20RR and 50RR is used as a moderate response with

RR>50 being referred to as high-contrast. Often, pattern recognition in the interpretation of

geochemical data is paramount.

7.2.2 SPEAR MAN -RAN K CORR ELATION COEFFIC IENT MATRIX

The MMI-M multi-element geochemical data derived from the 2011 Marble Mountain survey

was assessed with a Spearman-Rank correlation coefficient matrix. This assessment

permits the determination of significantly correlated element pairs and allows the recognition

of element associations and anomalous geochemical responses related to

mineralization/pathfinder and/or lithology. In addition, the approach is an indirect method of

assessing analytical quality. The entire Spearman-Rank correlation coefficient matrix is

presented in Table 5. In the matrix, significant correlations are highlighted in red with lesser

correlations in blue and pink. Examination of the Spearman matrix indicates the 2011

Marble Mountain dataset is characterized by significant precious and base metal sulphide

mineral-related inter-correlations as well as associated pathfinder elements and lithologically

sensitive elements. It is strongly weighted towards base metals with no significant

correlations for Au and a lower correlation between Ag and Zn.

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Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 14

Table 5: Spearman-Rank Correlation coefficient matrix for Marble Mountain data.

AG AU CO CU NI PB PD ZN

AG 1

AU 0.046 1

CO 0.162 -0.239 1

CU 0.129 0.168 0.34 1

NI 0.276 -0.341 0.521 0.472 1

PB 0.114 -0.103 0.499 0.43 0.532 1

PD 0.021 0.045 0.02 0.067 0.046 0.052 1

ZN 0.314 -0.324 0.454 0.278 0.681 0.426 0.018 1

high correlationmedium

correlation low correlation

The highly correlated elements include the following assemblages:

1. Ni-Co and Ni-Cu: strongly suggestive of chalcopyrite-pyrite (or pyrrhotite) mineralization

in mafic to ultramafic rocks;

2. Pb-Cu-Co-Ni: a base metal assemblage consisting of chalcopyrite, galena and pyrite in

mafic to ultramafic rocks.

3. Zn-Ag-Co-Pb-Ni: A second base metal assemblage with associated Ag with a likely

mafic to ultramafic lithologic association.

7.2.3 VERTIC AL MAPPER BUBBLE PLOTS

AREAL D ISTRIBUT ION OF ANOMALOUS RESPON SES IN T HE MAR BLE MOUNT AIN AR EA

The variation in concentration and the resulting morphologies of anomalous responses in

the MMI-M data from the 2011 MMP survey are described in the following section. The data

is assessed with Vertical Mapper bubble plots depicting the variability of the MMI-M element

suite within sampled areas on the property.

7.2.4 MAR BLE MOUNT AIN DAT A

The most significant component of a Mobile Metal Ions (MMI) soil geochemical survey is the

determination of the optimum depth at which sampling takes place and the consistent

application of this sample target depth throughout the term of the exploration survey. This

depth will provide the highest-contrast and the most representative geochemical response

for MMI-M suite elements. Once determined it is advisable to maintain sample collection at

this depth unless the landscape environment in which the surveys are taking place changes.

At this point a new orientation survey based on vertical profiling should be undertaken and

the results compared and contrasted with the previous sampling regime. Adjustments can

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Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 15

be accommodated within the survey framework and exploration can then proceed on a

sound basis oriented towards success. Sample collection should focus on only one depth as

analytical costs will escalate needlessly and interpretations based on variable sample

depths can differ. As determined by previous orientation surveys, the optimum sampling

depth for the landscape environment in which the MMMP survey area exists is 10-25 cm

below the zero datum.

The areas on the property where samples were collected can be subdivided into an eastern

survey area and a western survey area. Where significant responses vary between these

two areas the distinction will be made between “East Grid” and “West Grid” in the text that

follows.

7.2.5 PRECIOU S METAL AND ASSOC IAT ED ELEMENT RESPON SES

The precious metal responses from the Marble Mountain MMI-M survey are described

individually below:

Au (1-38RR) (Figure 3): There is a moderate-contrast zone of elevated Au responses

developed in the West survey grid area. The moderate-contrast Au anomaly is restricted to

a single sampling transect and is marked by a two-sample elevated response. The anomaly

is coincident with elevated responses for Ag, and possibly Pd although the PdRR is only 2

times background and is situated on an adjacent sampling transect to the east. There are

three scattered but approximately east-trending responses with RR of <20 times

background in the southeastern survey area.

Ag (1-47RR) (Figure 4): Numerous moderate-contrast Ag responses are present in the

East grid area and these responses have a variety of morphologies. The first type of

response is a multi-sample, moderate-contrast that trends approximately east-west and

extends to the eastern and western limits of sampling on the East grid. The stronger Ag

responses occur at the eastern extremity of this trend. The anomaly is open in both east and

west directions. A similar type of response albeit at a much lower RR occurs in the West grid

and may be a continuation of the Ag anomaly from the East grid. There are Cu, Zn, Ni and

Co responses associated with this linear feature. South of the linear Ag anomaly on the East

grid is a multi-sample anomalous area that approximates an ovoid in terms of anomaly

morphology. This anomaly extends between two sampling transects and may be open to the

east. It has additional elevated MMI-M element responses associated with it. Further south

to the limits of sample collection on the East grid is a multi-sample Ag anomaly that is

confined to a single line but may be open to the east.

Page 18: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 16

Figure 3: Areal distribution of response ratios for Au.

Page 19: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 17

Figure 4: Areal distribution of response ratios for Ag.

7.2.6 BASE METAL AND ASSOC IAT ED ELEMENT RESPON SES

Cu (1-18RR) (Figure 5): The Cu responses in the survey area have maximum RR of 18 or

18 times background with multi sample, well developed anomalies primarily restricted to the

East grid. The northern portion of the East grid is marked by a low-contrast linear anomaly

that is associated with the linear Ag anomaly described above. There is also a linear

anomaly on the south end of the East grid that corresponds with the linear Ag anomaly

described above. A single sample elevated Cu response occurs near the approximate

centre of the East grid. The West grid has one and two-sample elevated Cu responses. The

anomalies appear primarily as single transect responses and on the east side of the grid

extend between two sampling transects.

Pb (1-20RR) (Figure 6): Focused, low-contrast single sample Pb anomalies occur in both

the East and West grid areas. These anomalies have RR of up to 20 times background and

are developed in areas where anomalies for Ag, (+/- Au and Pd) and Zn, Ni, Co, and Cu

responses are obtained.

Zn (1-50RR) (Figure 7): One significant, high-contrast anomaly is present in the East grid

survey area. It is developed in an area where a multi-element base metal anomaly has been

Page 20: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 18

documented. Overall, the pattern of response for Zn is one of scattered single sample and

primarily low-contrast responses.

Ni (1-30RR) (Figure 8): The responses for Ni are predominant on the East grid. The West

grid is marked by scattered single sample low-contrast responses. Unlike the West grid the

East grid is marked by RR to 30 times background in areas previously noted to have Ag (+/-

Au and Pd), Cu, Pb and Zn responses. Some of these Ni anomalies are nearly linear in

shape extending over 2-3 sampling transects in an east-west orientation. Some of these

anomalies may be open to the east.

Co (1-18RR) (Figure 9): Cobalt responses are very similar to those for Ni in terms of the

magnitude of response as well as the areas on the property where elevated responses are

present. This is predicted from the results of the Spearman-Rank correlation coefficient

matrix described above. The abundance and magnitude of responses is much greater on

the East grid than for the West grid. The West grid has a small number of very low-contrast

responses which may or may not extend between sampling transects. The Co anomalies

may be open to the east.

Pd (1-2RR) (Figure 10): Low-contrast, one sample anomalies are present in the southern

portion of the East grid. Only one sample is >LLD in the West grid area. The PdRR are only

2 times background and as such care must be taken in the interpretation of these

responses. They are coincident with anomalies for Cu, Pb, Ni and Co, with lesser correlation

with anomalies for Au and Ag.

Page 21: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 19

Figure 5: Areal distribution of response ratios for Cu.

Page 22: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 20

Figure 6: Areal distribution of response ratios for Pb.

Page 23: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 21

Figure 7: Areal distribution of response ratios for Zn.

Page 24: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 22

Figure 8: Areal distribution of response ratios for Ni.

Page 25: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 23

Figure 9: Areal distribution of response ratios for Co.

Page 26: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 24

Figure 10: Areal distribution of response ratios for Pd.

8 . 0 O B S E R V A T I O N S A N D D I S C U S S I O N

8 . 1 I N T R O D U C T I O N

The Marble Mountain survey has documented a few main areas of anomalous base and

precious metal responses primarily from the East grid. In this survey area there are multi-

element, multi-sample low-, moderate- and high-contrast base and precious metal

anomalies. The West grid is marked by very few significant responses and these are

primarily one sample responses restricted to a single sampling transect. Silver may be

different as the western extension of a well-defined Ag anomaly on the East grid.

These results are based on a first pass assessment of mineral potential in the MMP and

have returned significant results indicating further work is required.

Page 27: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 25

8 . 2 S P E A R M A N R A N K C O R R E L A T I O N C O E F F I C I E N T M A T R I X

Inter-element correlations are useful indicators of lithologies and associated mineralization

and an indirect indicator of analytical quality. The Spearman Rank matrix indicates

significant correlations are present between base metals (Ni-Co; Ni-Cu; Pb-Cu-Co-Ni; Zn-

Co-Ni-Pb) as well as base and precious metals (Zn-Ag). These inter-element correlations

are suggestive of the types of metals that will characterize the mineralization responsible for

MMI-M anomalies on the East and West grid survey areas.

8 . 3 S A M P L I N G D E P T H S

A previously undertaken orientation survey examined the upper 40 cm of the soil profile to

determine the most representative and highest contrast element responses for the area. The

optimum sampling depth was determined to be between 10 and 25 cm. Adherence to this

sampling protocol has resulted in the definition of multi-metal, multi-sample, focused

geochemical anomalies on the sampling grids.

8 . 4 A N A L Y T I C A L D A T A Q U A L I T Y

Based on the replicate analyses of analytical duplicates, standard reference materials and

an analytical blank the data quality used for this report is considered to be excellent and not

an impediment to the recognition of bona fide anomalies in the data.

8 . 5 M O B I L E M E T A L I O N S S O I L S A M P L E P R E P A R A T I O N

There is no sample preparation for soil samples collected for Mobile Metal Ions soil

geochemical analysis. This expedites sample analysis and reduces costs to the

explorationist.

9 . 0 C O N C L U S I O N S A N D R E C O M M E N D A T I O N S

The following conclusions are evident from MMI-M exploration surveys undertaken on

Cascadero’s Marble Mountain property:

The survey has successfully demonstrated that MMI-M partial extractions on soil

samples collected from glacially-derived soils can isolate MMI-M precious and base

metal anomalies on the property;

The main commodity element response on the Marble Mountain property is present

as a low- to high-contrast series of anomalies on the East grid. Because of the

orientation and extent of the sampling transects it is difficult to assess the strike

lengths of some of these responses however Ag, Cu, Ni and Co extend across two

or more transects. The West grid is devoid if significant MMI responses for base and

precious metals;

Page 28: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Meta lion Process Geochemical Survey on the Marble Mountain Property, Ontario Prepared for Cascadero Copper Corp. February 26, 2012

• The linear nature of some of the anomalous metal responses (Ag, Cu, Ni and Co) strongly suggest that the mineralization is associated with mafic to ultramafic rocks (Ni), that these zones of mineralization are pyritic (and pyrrhotitic) due to the Co association. The presence of both Ni and Co are suggestive of their presence as sulphide mineral species;

• The anomalies present on the East grid are likely more extensive than indicated given the limited east-west extent of the sampling grid . Additional sampling and MMI analyses could truncate or elucidate the nature of these anomalies "along strike";

• Some variability in MMI geochemical response is apparent in the quality control data for the analytical duplicates, however this variability is insignificant and not a barrier to the recognition of bona fide base and precious metal anomalies. The analyses generated by the MMI-M extraction are accurate and precise and are effective for the detection of low- to high-contrast anomalies, and;

• Sampling materials have been in an appropriate manner for MMI analysis and are effective and appropriate sample media for an MMI survey.

The recommendations that flow from this survey are as follows:

• The MMI process does not indicate the grade of mineralization responsible for the production of an MMI anomaly nor does it indicate the depth of the source region for the anomaly. Accordingly, it is strongly recommended that an attempt at modeling the geological setting of the target mineralization based on their geophysical responses with emphasis on depth to source be undertaken prior to a diamond drill program. This exercise can greatly assist the drilling when attempting to provide explanations for the geological context of geophysical and MMI anomalies. The attitude of the target can be effectively delineated in this manner;

• Prior to diamond drill testing the MMI dataset should be integrated with all available geophysical and geological survey data so that multivariate drill targets can be determined;

• Additional MMI surveys are recommended to the east of the East grid to truncate and assess the multi-element anomalies; the same sampling and analytical protocols should be utilized for these surveys, and;

• It is recommended that field duplicates be collected for every 50th sample or at least one per sample batch. If a sample batch is less than 50 samples then a minimum of one field duplicate should be collected in the same manner as the original sample;

• Wherever possible all MMI samples should be collected from hand-dug pits. The use of a Dutch auger should only be contemplated when thick, wet organic overburden or wet swamp become impediments to sample from hand-dug pits.

February 261h, 2012

Mark Fedikow Mount Morgan Resources Ltd. Lac du Bonnet, Manitoba

Marble Mountain Property 2011 MMI-M Swvey. Page 26

Page 29: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 27

1 0 . 0 D A T E A N D S I G N A T U R E

Consulting Geologist and Geochemist

I, Mark A.F. Fedikow, HB.Sc., M.Sc., Ph.D., P.Eng., P.Geo., C.P.G. do hereby certify that:

1. I am currently a self-employed Consulting Geologist/Geochemist with a field office at:

50 Dobals Road North

P.O. Box 629

Lac du Bonnet, Manitoba

R0E 1A0

2. I graduated with a degree in Honours Geology (B.Sc.) from the University of Windsor (Windsor, Ont.) in1975. In addition, I earned an M.Sc. in geophysics and geochemistry from the University of Windsorand a Doctor of Philosophy (Ph.D.) in exploration geochemistry from the School of Applied Geology,University of New South Wales (Sydney) in 1982.

3. I am a Member of the Association of Professional Engineers and Geoscientists of Manitoba. I am also aFellow of the Association of Applied Geochemists, and a Member of the Prospectors and DevelopersAssociation of Canada. I hold valid Prospectors licenses in Manitoba and Ontario. I am registered as aCertified Professional Geologist with the American Institute of Professional Geologists (Colorado,U.S.A.).

4. I have worked as a geologist for a total of thirty-five years since my graduation from university; as agraduate student, as an employee of major and junior mining companies, the Manitoba GeologicalSurvey and as an independent consultant.

5. I have read the definition of “qualified person” set out in National Instrument 43-101 (“NI 43-101”) andcertify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person” for thepurposes of NI 43-101.

6. I am responsible for the preparation of the technical report titled “Results of Mobile Metal Ions Process(MMI-M) Soil Geochemical Surveys on the Marble Mountain Property of Cascadero Copper Corporation,Sudbury Area, Ontario, Canada”.

7. I am not aware of any material fact or material change with respect to the subject matter of theTechnical Report that is not reflected in the Technical Report, the omission to disclose which makes theTechnical Report misleading.

8. I am independent of the issuer applying all of the tests in National Instrument 43-101.

9. I consent to the filing of the Technical Report with any stock exchanges or other regulatory authority andany publication by them, including electronic publication in the public company files on the web sitesaccessible by the public, of the Technical Report.

Page 30: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Meta lion Process Geochemical Survey on the Marble Mountain Property, Ontario Prepared for Cascadero Copper Corp. February 26, 2012

Dated this 26th Day of February, 2012

Signature of Qualified Person

"M.A.F. Fedikow"

Print name of Qualified Person

Original Signed by Mark Fedikow

Page 31: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 29

Appendix 1: SGS data sheets

Page 32: Results of Mobile Metal Ions Process (MMI-M) Soil

To: Mark Fedikow Mount Morgan Res. Ltd. 627 Manchester Blvd. North WINNIPEG MANITOBA R3T 1N9

Certificate of Analysis Work Order: T0116696

P.O. No. Project No.

Marble Mnt. Grid

No. Of Samples Date Submitted Report Comprises

72 Sep 23, 2011 Pages 1 to 3 (Inclusive of Cover Sheet)

Distribution of unused material: STORE:

Date: Oct 06, 2011

Certified By ~~~~ Regional Business Manager (GEOCHEM)

SGS Minerals Services (Toronto) is accredited by Standards Council of Canada (SCC) and conforms to the requirements of ISOIIEC 17025 for specific tests as indicated on the scope of accreditation to be found at http://www.scc.calenlprogramsllablmineral.shtml

---- ---·---- ---Report Footer: L.N.R. = Listed not received

n.a. = Not applicable I.S. = Insufficient Sample

=No result

*INF =Composition of this sample makes detection impossible by this method

M after a result denotes ppb to ppm conversion, % denotes ppm to% conversion

Methods marked with an asterisk (e.g. *NAA08V) were subcontracted Methods marked with the@ symbol (e.g. @AAS21 E) denote accredited tests

This document is issued by the Company under its General Conditions of Service accessible at http://www.sqs.com/terms and conditions.htm. Attention is drawn to the limitation of liability, indemnification and jurisdiction issues defined therein.

WARNING: The sample(s) to which the findings recorded herein (the "Findings") relate was (were) drawn and I or provided by the Client or by a third party acling at the Client's direction. The Findings constitute no warranty of the sample's representativity of the goods and strictly relate to the sample(s}. The Company accepts no liability with regard to the origin or source from which the sample(s} is/are said to be extracted. The findings report on the samples provided by the client and are not intended for commercial or contractual settlement purposes. Any unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful and offenders may be prosecuted to the fullest extent of the law.

SGS Canada Inc. Mineral SeNices 1885 Leslie Street Toronto ON t(416) 445-5755 f(416) 445-4152 www.ca.sgs.com

Member of the SGS Group (Sociilte Generate de Surveillance)

Page 33: Results of Mobile Metal Ions Process (MMI-M) Soil

Element Method Det.Lim. Units

L 16+00E I BASELINE 0+00 WP-001

L 16+00E I 0+25S WP-002

L 16+00E I 0+50S WP-003

l16+00E I 0+75S WP-004

l16+00E 11+00S WP-005

L 16+00E 11+25S WP-006

L 16+00E 11 +50S WP-007 - -

L 16+00E 13+25S WP-008

L 16+00E 13+50S WP-009

L 16+00E I 3+ 75S WP-01 0

L 16+00E I 4+00S WP-011

L 16+00E 14+25S WP-012

L 16+00E I 4+50S WP-013

L 17+00E BASELINE 0+00 WP-021

L 17+00E 0+25S WP-022

L 17+00E 0+50S WP-023

L 17+00E 0+75S WP-024

l17+00E 0+87.5S WP-025

L 17+00E 1+00S WP-026

L17+00E 1+25S WP-027

L 17+00E 1+50S WP-028

L17+00E 3+00S WP-029

L 17+00E 3+25S WP-030

L 17+00E 3+37.5S WP-031

L 17+00E 3+50S WP-032 - --L 17+00E 3+62.5S WP-033

L 17+00E 3+75S WP-034

L 17+00E 4+00S WP-035

L 18+00E 4+50S WP-036

L 18+00E 4+25S WP-037

L 18+00E 4+12.5S WP-038

L 18+00E 4+00S WP-039

L 18+00E 3+87.5S WP-040

L 18+00E 3+ 75S WP-041

L18+00E 3+50S WP-042

L 18+00E 1+50S WP-043

L18+00E 1+25S WP-044

L 18+00E 1 +12.5S WP-045

L 18+00E 1+00S WP-046

L 18+00E 0+87.5S WP-047

L 18+00E 0+75S WP-048

L 18+00E 0+50S WP-049

L 18+00E 0+25S WP-050

Ag MMI-M5,

1 ppb

23

34

5

3

6

3

16

13

5

9

19

8

12

17

34

12

32

13

9

7

6

30

21

22

ii' 5

17

24

15

37

15

23

33

27

23

14

12

4

10

44

25

16

12

Au MMI-M5

0.1 ppb

~

0.1

<0.1 '

<0.1

<0.1

0.2

0.2

<0.1

0.2

0.2

<0.1

0.3

0.3

<0.1

0.1

0.2

<0.1

<0.1

<0.1

<0.1

0.1

0.2 -+-

0.3

0.2

0.3

o:1i 0.1

0.3

0.2

0.1 ,

0.3

0.1

0.2

0.3

0.11

<0.1

0.1

0.1

0.1

0.1

0.2

<0.1

0.1

0~

Co MMI-M5

5 ppb

116

75

69

56

62

20

257

40

149

138

30

73

336

164

90

112

94

73

100

175

77

76

17

55

83

447-

105

47

69

11

64

90

59

71

55

147

211

91

41

93

310

197

49

Cu MMI-M5

10 ppb

3230

1440

1170

1180

1180

840

1630

730

1810

470

2830

1480

5000

1080

770

980

1030

1230

2140

3380

840

3140

1970

2190

1020

3000

1010

830

350

810

580

330

980

2320

1270

2140

3890

1950

1660

780

590

2710

5150

Nl MMI-M5

5 ppb

707

932,

745

1370

299

340

1860

91

1420

2940

768

336

2240

797

520

557

907

809

2270

1920

414

263

3130

1570 .... 780

2700

1340

626

708 '

161

448

300

662

1630

5400

2010

1490

655 "" 647

296

986

1260

74

Pb MMI-M5

10 ppb

990

250

660

280

270

290

600

150

570

430

320

140

550

800

1100

710

450

330

1140

710

270

220

530

450

770

600

1220

1300

820

140

710

980

910

710

1790

580

2030

450

290

290

270

330

60

Pd MMI-M5

1 ppb

<1

<f <1

<1

<1

<1

<1

<1

<1

<1

<1.

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1 ; { .

<1

<1

<1

<1

Zn MMI-M5

20 ppb

870

660

710

1370

340

180

940

30

830

1190

90

170

1210

350

350

480

820

910

1050

960

460

140

1100

630

1390

2410

410

200

70

80

180

140

1320

1200.

5330

1270

1310

670

470

300

1100

490

50

Page 2 of3

This document is issued by the Company under its General Conditions of Service accessible at http://www.sqs.com/terms and conditions.htm. Attention is drawn to the limitation of liability. indemnification and jurisdiction issues defined therein.

WARNING: The sample(s) to which the findings recorded herein (the "Findings") relate was (were) drawn and I or provided by the Client or by a third party acting at the Client's direction. The Findings constitute no warranty of the sample's representativity of the goods and strictly relate to the sample(s). The Company accepts no liability with regard to the origin or source from which the sample(s) is/are said to be extracted. The findings report on the samples provided by the client and are not intended for commercial or contractual settlement purposes. Any unauthorized aHeration, forgery or falsification of the content or appearance of this document is unlawful and offenders may be prosecuted to the fullest extent of the law.

SGS Canada Inc. Mineral Services 1885 Leslie Street Toronto ON t(416) 445-5755 f(416) 445-4152 www.ca.sgs.com

Member of the SGS Group (Societe GeMralo de Surveillance)

Page 34: Results of Mobile Metal Ions Process (MMI-M) Soil

Element Method

cu· MMI-MS

10 ppb'

660

Ni MMI-MS

~ .. ----"·-~ ...... Pb Pd

MMI-MS MMI-MS 101 1

ppb ppb

10 <1 ,

1890 482, -- ~- --···--*"' -·~,~nf 63o't - - -~

<1

1370, 494 <1

--

- 113a· ---· 462 460

640

910

... <0.1 i ____ ,__ O.i 0.3,

--- T ---0.2

0.2 _, 0.1 .. -- ,)..... .... 0.1 '

-- --!- ·-132 1920 1180 -+ --

104

66

58

2780'

1220

2210 -- ·........... --·· ·-- ""'-~~~-

~-!..-

648

1100

653

98 2410 575 '- ------~--- -· -

. 1_~71· 1820 ~~271-111 --· ... 89o' 972,

- ~ -<-----0.1 : 176 3460 1090 -~ -~~~-~

_ 0:2_! -· -· -· 99 ·-_1~!~ --- • 838 0.2 122· 2210, 1640

2380

- 440~-

290: - - . ~~

560

580-~--~ 410

480

220

330

660'

210 - -- _,.., ... _, ... _. ~

1360 340

2400, 1030

757 490

139 250

300 \.. -=

610

<1

<1

<1 ·

<1

<1 ·

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1 !

<1

<11

<1

Zn MMI-MS

-

' 20 ppb

60

800

340

360 -!

840

340

650

640 -1

1460

1310

1710.

1390

1250

720

200

28~ 490

340: ""'"'""";

110

80

Page 3 of 3

This document is issued by the Company under its General Conditions of Service accessible at http://www.sqs.com/terms and conditions.htm. Attention is drawn to the limitation of liability, indemnification and jurisdiction issues defined therein.

WARNING: The sample(s) to which the findings recorded herein (the "Findings") relate was (were) drawn and I or provided by the Client or by a third party acting at the Client's direction. The Findings constitute no warranty of the sample's representativity of the goods and strictiy relate to the sample(s). The Company accepts no liability with regard to the origin or source from which the sample(s) is/are said to be extracted. The findings report on the samples provided by the client and are not intended for commercial or contractual settlement purposes. Any unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful and offenders may be prosecuted to the fullest extent of the law.

SGS Canada Inc. Mineral Services 1885 Leslie Street Toronto ON t(416) 445-5755 f(416) 445-4152 www.ca.sgs.com

Member of the SGS Group (Societe Generate de Surveillance)

Page 35: Results of Mobile Metal Ions Process (MMI-M) Soil

To: Mark Fedikow Mount Morgan Res. ltd. 627 Manchester Blvd. North WINNIPEG MANITOBA R3T 1 N9

Certificate of Analysis Work Order: T0116697

P.O. No. Project No.

Marble Mnt. Grid

No. Of Samples Date Submitted Report Comprises

92 Sep 23, 2011 Pages 1 to 4 (Inclusive of Cover Sheet)

Distribution of unused material: STORE:

Date: Oct 15, 2011

Certified By ~~~~ Regional Business Manager (GEOCHEM)

SGS Minerals Services (Toronto) is accredited by Standards Council of Canada (SCC) and conforms to the requirements of ISOI/EC 17025 for specific tests as indicated on the scope of accreditation to be found at http:llwww.scc.ca/enlprogramsllablmineral.shtml

Report Footer: L. N. R. = Listed not received n.a. = Not applicable

I.S. = Insufficient Sample =No result

*I NF = Composition of this sample makes detection impossible by this method

M after a result denotes ppb to ppm conversion, %denotes ppm to% conversion

Methods marked with an asterisk (e.g. *NAAOSV) were subcontracted Methods marked with the@ symbol (e.g. @AAS21 E) denote accredited tests

This document is issued by the Company under its General Conditions of Service accessible at http://www.sos.com/terms and conditions.htm. Attention is drawn to the limitation of liability, indemnification and jurisdiction issues defined therein.

WARNING: The sample(s) to which the findings reconded herein (the "Findings") relate was (were) drawn and I or provided by the Client or by a third party acting at the Client's direction. The Findings constitute no warranty of the sample's representativity of the goods and sllictiy relate to the sample(s). The Company accepts no liability with regard to the origin or source from which the sample(s) is/are said to be extracted. The findings report on the samples provided by the client and are not intended for commercial or contractual settlement purposes. Any unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful and offenders may be prosecuted to the fullest extent of the law.

SGS Canada Inc. I Mineral Services 1885 Leslie Street Toronto ON 11416) 445-5755 f(416) 445-4152 www.ca.sas.com

Page 36: Results of Mobile Metal Ions Process (MMI-M) Soil

Element Method Det.Lim. Units

""' ... :L 16+00E 8+75S WP-087

tL 1e;ooE 8+87.'55 WP-oaa

1l16 +ooE 9..:0os·WP-o89

1. G i·~

Au, MMI-M5

0.11 ppb'

0.2

0.2

4• 0.6

Co MMI-M5

5 ppb

51

476

Cu· MMI-M5

1

10 ppb'

2000.

2480

1530'

Ni MMI-M5

5· ppb

185

3280

363

Pb MMI-M5

10 ppb

400

2380,

380

Pd MMI-M5

1 ppb <f <1

Zn· MMI-M5

20 ppb

170 -{

1890

}·· -------- -- --- -~-'"- ~~-- ""'"'·"·....l "'q ..... ..,.......,.... -~J.,........ -~ .. ~ --' -~~<-> ~·~~-~--··- -~·- ~-~..-·· -·~~ <~»--~ ~Ah- -··

410

570 L 16+00E 9+12.5S WP-090 5 0.2 128 6830 1570 3230 <1

L 16+00E 9+25S WP-091

L16+00E 9+50S WP-092

L 15+00E 8+00S WP-093

L 15+00E 8+25S WP-094 ·""""- ' -- ....,_,_ ---"-

L 15+00E 8+50S WP-095

~--== _..,__.,_ o~ ' ~- 144 6620

~ '

649 600 <1' -· -· ... - ---- -r-- "

<1 <0.1 218 730 260 180, <1

41 0.3 135 1540, 600 610 <1 _ _. --~-- -

<1 <0.1 197, 1010 606 460 <1 ' -.-6_2 ___ --- '"48. '"' ..... ~ esof 476 ··---t

27 350 <1 - -- - -- -·-·--·--···---·-<·---·--

L15+00E 8+75S WP-096 2 ¥-----~- · 4--- --~-'-- ~-~

0.3 65: 880 89 460 <1 : o~1t·----·- ;;7 - ·~ 2561 ___ 3oo 37o --·-· " <1+ -· - -- - ---------· --- ----~-+·-"- ·-· 'l'"'

'L15+00E 8+87.5S WP-097 • _t _ ·- 13 .

L 15+0~!:._ 9_+~~ WP_:09!. ···- _ J_ ____ 1 0 .... o.3 - 115i ·- - 480 - - 2 82 630 ·::1 --~- -- ..

L15+00E 9+12.5S WP-099 9 0.4 94 2590 541 810 <1 <0.1 ·-·6t · · 16o 3 s9 ~-- 4 5o -- -.;1'-

·'-- - __ _,_ >--0.2 126 ,L 15+00E 9+37.5S WP-101 ..... -------1--·­ 2570 ...._,,__ ................ --.... --- ..{ -----~ ~>-

L15+00E 9+50S WP-102 5- 0.6, 145 2140! -~ -"""- ~- - r-~~ -- ~~ -~ -- ~-- -~

8 0.5 40. 820 L 15+00E 10+00S WP-103 · 1i .------ "'()"'?-····- ;;_-;-·-~- s5or--

L15+ooE 10+50S WP-105 ~ ~ -·-Q.1"' - 133 - 85o

f 15+00E 10+25S WP-104

----- "-~-"""" - ,.,..,..,.... 7- -- -+--- ~- - F' L14+00E 8+00S WP-106 3 0.3, 69,

L 14+ooE ii~ss ~~107 _ .. ---~ _ - • ~~--" ~oj ~- - 58 L 14+00E 8+37.5S WP-108 7l 0.2 59

700

_42CL 680

945 ----·/ 1490

228 . ""' -4--

141,

111

1210

930

260·

250

480

259 340 ~· ~·- - - --~~

204 790. 47{ _ .. ,_390

370 135 -- ·- "6o --467 590

242 50

2380 290

<1

<1,

<1-

<1

<1

<1

<1

<1

~·­<1

290

40

290 -?so'

960

2401

580'

850

580' ·~ --1

510

500

880

360

480

250

200

490,

660;

130

30 ,.1

350

280

1030

Page 2 of4

This document is issued by the Company under its General Conditions of Service accessible at http://www.sgs.corn/terms and conditions.htm. Attention is drawn to the limitation of liability, indemnification and jurisdiction issues defined therein.

WARNING: The sample(s) to which the findings recorded herein (the "Findings") relate was (were) drawn and I or provided by the Client or by a third party acting at the Client's direction. The Findings constitute no warranty of the sample's representativity of the goods and strictly relate to the sample(s). The Company accepts no liability with regard to the origin or source from which the sample(s) is/are said to be extracted. The findings report on the samples provided by the client and are not intended for commercial or contractual settlement purposes. Any unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful and offenders may be prosecuted to the fullest extent of the law.

SGS Canada Inc. Mineral Services 1885 Leslie Street Toronto ON t{416) 445-5755 f{416) 445-4152 www.ca.sgs.com

Member of the SGS Group (Societe Generale de Surveillance)

Page 37: Results of Mobile Metal Ions Process (MMI-M) Soil

Element Method Det.Lim. Units

L 1 +DOW 3+00S WP-130

L 1+00W3+25S WP-131

LO+OO 1 +OOS WP-132

LO+OO 0+75S WP-133

LO+OO 0+50S WP-134

LO+OO 0+25S WP-135

LO+OO 0+00 BASELINE WP-136

LO+OO 0+25N WP-137

LO+OO 0+50N WP-138

LO+OO 0+75N WP-139

-LO+OO 1+00N WP-140

LO+OO 1+25N WP-141

LO+OO 1+50N WP-142

LO+OO 1+75N WP-143

LO+OO 1+25S WP-144

LO+OO 1 +50S WP-145

Ag MMI-M5

1 ppb

6

I

<1

2

7

6

8

5)

19

19

20

11

7

8

5

5

LO+OO 1+75S WP-146 _ ·-=-----lf-­<1

2

LO+OO 2+00S WP-147

LO+OO 2+25S WP-148

LO+OO 2+50S WP-149

LO+OO 2+ 75S WP-150

LO+OO 3+00S WP-151

LO+OO 3+25S WP-152

LO+OO 3+50S WP-153

L 1 +50E 1 +DON WP-154

L 1+50E 0+75N WP-155

L 1+50E 0+50N WP-156

L 1+50E 0+25N WP-157

L 1+50E 0+00 BASELINE WP-158

L 1 +50E 0+25S WP-159

L 1+50E 0+50S WP-160

.L 1+50E 0+75S WP-161

L 1 +50E 1 +DOS WP-162

L 1+50E 1+25S WP-163

L1+50E 2+25S WP-167

L 1 +50E 2+50S WP-168

L 1+50E 2+75S WP-169

L 1+50E 3+00S WP-170

L 1+50E 3+25S WP-171

L1+50E 3+50S WP-172

L 1+50E 3+75S WP-173

L2+00E 1+25S WP-174

L2+00E 1+00S WP-175

5

<1

5

4

1

3

10

5

4

1

18

16

18

12

2

2

<1

1

2

4

3

17

Au MMI-M5

0.1 ppb

0.2

0.2

<0.1

0.1

0.3• ----; -

Co MMI-M5

5 ppb

98

13

41

245

86

<0.1 87 - <~~~--.. 87 0.1 84

<0.1 89

~1 1 64 0.2 79

0.1 113

0.1 44

<0.1 38

0.2 164

0.1

0.5

0.3

0.4

0.2

<0.1

0.2

0.2

0.4

<0.1

0.2

<0.1 -....---0.2

0.7

1.9, .. ......, ~ <0.1

0.3

<0.1

0.1 - ....._ 0.6

0.2

0.2

0.2

0.2.

<0.1

0.2

0.2

0.3

39

25

49

26

19

59

68

20

105

90

151

37

37,

<5'

16

65

26 ..J.

54

178

27

21

8

17

26

35

43

26

17

Cu MMI-M5

10 ppb

1520

820

120

3070

160

440

850,

1280

440

330

700

970

210

200

1730

690

1170

2010

1850

1410

1460

1430

3870

710

520

990

620

160

690

1480

270

470

6120

1550

620

460

490

810

590

1820

740

1910

4760

Ni MMI-M5

5 ppb

885

245

296

1830

586

536

1170.

5"92 1140

388

1020

957

238

487

968

348

215

228

723

615

765

599

273

405

628

1120

539

80

65,

147 Yw.----1'-

392

161

1760

949

880

501

109

290

205

1100

261

823

108

Pb MMI-M5

10 ppb

920

310

320

1530

340

530

320

350

290

240

310

370

180

290

1120

90

100

480

430

1380

420

300

470

220

260

430

230

140

<10

20

810

90

2860

560

360

300

130

200

230

1370

370

860

80

Pd MMI-M5

1 ppb

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

<1

Zn MMI-M5

20 ppb

550

270

250

850

60

450

820

510

1070

650

450

640

380

540

1270

190

340

130

400

330

360

210

150

370

550

500

410

110

<20.

390

770

40

330

790

110

170

60

220

170

240

220

400

<20

Page 3 of4

This document is issued by the Company under its General Conditions of Service accessible at http:/twww.sgs.com/terms and conditions.htm . Attention is drawn to the limitation of liability, indemnification and jurisdiction issues defined therein.

WARNING: The sample(s) to which the findings recorded herein (the "Findings") relate was (were) drawn and I or provided by the Client or by a third party acting at the Clienrs direction. The Findings constitute no warranty of the sample's representativity of the goods and strictly relate to the sample(s). The Company accepts no liability with regard to the origin or source from which the sample(s) is/are said to be extracted. The findings report on the samples provided by the client and are not intended for commercial or contractual settlement purposes. Any unauthorized alteration, forge!)' or falsification of the content or appearance of this document is unlawful and offenders may be prosecuted to the fullest extent of the law.

SGS Canada Inc. Mineral Services 1885 Leslie Street Toronto ON t(416) 445-5755 f(416) 445-4152 www.ca.sgs.com

Membar of the SGS Group (Soc\E!tB G8n8rale de Surveillance)

Page 38: Results of Mobile Metal Ions Process (MMI-M) Soil

bv oer j :;t ~:tt Page 4 of4

~---...,..

Element Ag Au Co Cu, Ni Pb Pd Zn Method MMI-M51 MMI-M5 MMI-M5j MMI-M5 MMI-M5' MMI-M5 MMI-M5 MMI-M5

1l 0.11 10' 11 .

Det.Lim. 5 10 5 20

Units PI'~ - - ppb~ ppb ppb ppb ppb ppb' ppb -- - L -L2+00E 0+75S WP-176 4 0.2 26 1320 421 1 210 <1 • 380

..,....~---

4 1i ··""·--·~ -

L2+00E 0+50S WP-177 201 0.1 i 400 820 230 1• 660 ~--"""',_,,'<'< """"-"'''"""' - .• -- "t -"-- .. ;. 4oo' L2+00E 0+25S WP-178 -E 16 ___ <9·1L 42 110 568 230 <1 '

~~~--~ -- . ..__,.......,....,{ _,_ .. "'~ "34a' L2+00E 0+00 BASELINE WP-179 3 0.1 · 90 750 877 <1 620

"'~--- -- .. i'"" ~- - - ~ - - ---·~ -L2+00E 0+25N WP-180 7, <0.1 56 560 910 220 <1 980 ... ---- -,.,. -·"' ~F"- ------- -L2+00E 0+50N WP-181 6 0.4 91 390 158 150 <1 220

--· ! ... r~~p '=2-~o~E 8..:"75S_WP-087 6 0.2 51 2010 2481 440 <1' 130

f __ , -- ....,

*Rep L 14+00E 8+50S WP-109 4' 0.4) 87, 540 120 320 <1 350 ·--~--- ~-- - i ;o:;r . ...../.~ _. ..... '4

i*Rep L 1+00W 1+00S WP-122 <1 24 190 61 <10 <1• 40 1*Rep _0+00 O+S~N WP-1 38

-- :J-.. '"""'"""·- ~~ - 4- ~ -~-~---

18 <0:~ --· 91 430 1080' 300 <1 . 1090

,~ .. ., -~ ''"''~

*Rep LO+OO 1+50S WP-145 <1 0.21 35 660 326 80 <1 190 ·- - ·r- -· *_Rep L 1 +50E ~ 75N ~:_155 0.1 • 131 1010 1130; 420 <1 490

'*Rep L 1+50E 3+75S WP-173 0:31 43 810 285 380 <1 230 - - - -*Rep L2+50E 0+50N WP-181 ~·34-- 94 390 162 150 <1 230 ~- -~"--~

.....,_. *Std MMISRM16 16' 30.0, 55- 640 260 90 22 260

~~- ,l - .. u

1*Std AMIS0169 6 0.4, 93 3370 397 100 1 190 ----,~-J.~--~ -- . ·a: 1 r·-- _,_,

*Std MMISRM18 18 49 590 374 170 10 550

*Bik BLANK <1 __ <0.11-,.

<5, ____ . .............., <10 <5 <10 <1 <20

*Bik BLANK .i <1 <0.1 ' <5 <10 <5 <10 <1 <20 ---- -- - ~-~ :r~·--· __ l ~--~ ------... --~--~- ~

*Bik BLANK l <11 ~-:~·1 , <5 <10. <5 <10 <1 <20 - -

This doa.unent is issued by the Company under its General Conditions of Service accessible at http://www.sgs.com/terms and conditions.htm . Attention is drawn to the limitation of liability, indemnification and jurisdiction issues defined therein.

WARNING: The sample(s) to which the findings recorded herein (the "Findings") relate was (were) drawn and I or provided by the Client or by a third party acting at the Client's direction. The Findings constitute no warranty of the sample's representativity of the goods and stlictiy relate to the sample(s). The Company accepts no liability with regard to the origin or source from which the sample(s) is/are said to be extracted. The findings report on the samples provided by the client and are not intended for commercial or contractual settlement purposes. Any unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful and offenders may be prosecuted to the fullest extent of the law.

SGS Canada Inc. Mineral Services 1885 Leslie Street Toronto ON 1(416) 445-5755 f(416) 445-4152 www.ca.sgs.com

Member of the SGS Group (Societe GenOrale de Surveillance)

Page 39: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 30

Appendix 2: On CD

Page 40: Results of Mobile Metal Ions Process (MMI-M) Soil

Results of a Mobile Metal Ion Process Geochemical Survey on the Marble Mountain Property, OntarioPrepared for Cascadero Copper Corp.February 26, 2012

Marble Mountain Property 2011 MMI-M Survey. Page 31

Appendix 3: On CD