summary of exploration activities on the inco option …€¦ · appendix i - certificate of...

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T-H 32D05NE0074 W9680.00607 HOLLOWAY 010 SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION, SOUTH BLOCK FOR GREATER LENORA RESOURCES CORP. HOLLOWAY TOWNSHIP, ONTARIO LARDER LAKE MINING DIVISION 3.J. Carmichael Consultants Kirkland Lake, Ont. Septemoe: :iTS: 32C

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Page 1: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

T-H

32D05NE0074 W9680.00607 HOLLOWAY 010

SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION, SOUTH BLOCK

FORGREATER LENORA RESOURCES CORP.

HOLLOWAY TOWNSHIP, ONTARIOLARDER LAKE MINING DIVISION

3.J. Carmichael Consultants Kirkland Lake, Ont.

Septemoe::iTS: 32C

Page 2: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

SECTION A

D2)3)4)5)6)

Summary of Exploration Activities On the Inco Option - South Block

ForGreater Lenora Resources Corp.

Holloway Township, District of Cochrane, Larder Lake Mining Division

Table of Contents

Ont.

Introduction.. . . . . . . . . . . . . . .Property Location and Access Land Tenure and Ownership... Previous Work...............General Geology.............1996 Exploration Program.....

Page

l12

Following page

Figure 1) - General Location Plan Figure 2) - Claim Location Plan..

Drawing l Drawing 2 Drawing 3 Drawing 4 Drawing 5

List of Maps (back pocket)

Surface Geology, Drill Hole Locations Drill Hole section G96-1 Drill Hole Section G96-2 Drill Hole Section G96-3 Claim Location Map

List of Appendices

Appendix I - Certificate of QualificationsAppendix II - BibliographyAppendix III - Diamond Drill Logs and Assay Certificates

Section B

Greater Lenora Resources Corp.INCO Option Project

Holloway Twp., Larder Lake Mining DivisionReport on Ground Geophysical Investigations

Induced Polarization SurveysBy

Gerard Lambert, Consulting Geophysicist

32DOSNE0074 W9680.00607 HOLLOWAY 010C

Page 3: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

Summary

Recent diamond drilling by Greater Lenora Resources Corp. on the Holloway Township "INCO" Joint Venture South Block intersected altered volcanic sequences hosting highly anomalous gold mineralization. The first hole drilled, G96-1, which tested a Phase Induced Polarization anomaly, assayed 2.46 gms/tonne over a core length of 1.50 metres. The style of alteration and mineralization within this zone is considered to be as of equal importance to the gold assay because the alteration sequences are similar to those found at the Holt McDermott gold mine (4 kilometres to the northwest) and the Golden Harker gold deposit (10 kilometres southwest). The second hole (G96-2) was collared 1,000 metres west of G96-1 along the same geophysical horizon. This hole was abandoned in overburden at a depth of 59.2 metres. The third hole was collared 800 metres west of G96-1. The best assay from this h:le was 1.01 gms/tonne over 0.42 metres. Because of excessive overburden (81 metres of casing) the iron-magnesium volcanic contact was missed and the hole may not have intersected the same mineralized zone intersected in G96-I.

The location of holes G96-2 and G96-3 were more for assessment purposes than further defining the zone intersected in G96-1. In order to maintain the entire claim group in good standing a total of 554,400.00 must be applied from this program or 5800.00 per claim. The Mining Act stipulates that a maximum of 512,000.00 may be assigned from a single unit claim staked under the old Act. This constrained the amount of work that can be done per claim and actually limited the current drill program to one hole per claim and did not allow a preferred undercut hole or 100 metre step-out holes from G96-1.

New regulations will be emplacea in March of 1997 allowing assignment of 524,000.00 per unit/claim staked under the old Act.

Additional diamond drilling will be required to further test the gold mineralization intersected in G96-1. This shoul:: include an undercut hole and two step-out holes 100 metres east -aa west. Infill griding should also be completed from lines 24+OCE t~ 40+COE. The estimated cost of this program is S20,088.00.

Page 4: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

Introduction

In order to fulfill assessment obligations on 69 contiguous

mining claims located in central Holloway Township, Greater Lenora

Resources Corp. has recently completed a small exploration program

over the east portion of the claim block, historically termed the

Jnco Option - South Block. This work included 21.6 kilometres of

cleaning and re-chaining an existing 1988 grid followed by 7

kilometres of Phase Induced Polarization survey. The results of the

survey defined several anomalies which were recommended for testing

oy diamond drilling.

A total of three drill holes were attempted with one hole

being abandoned in overburden. The total length of the three holes

was 447 metres. Ali work was completed between January and August,

1996.

The results of this program are encouraging in that anomalous

aold mineralization was intersected in one of the drill holes.

Additional griding and diamond drilling is therefore recomrcer.ned.

PROPERTY LOCATION AND ACCESS

The Inco Option - South Block comprises 69 contiguous staked

mining claims located in the central portion of Holloway Township,

District of Cochrane. The property is located approximately 6C

Kilometres northeast of Kirkland Lake. Access frrm Kirkland lai-ce is

by the Harker-Hoiloway Road which ;oins Highways

gravel logging road located 2 kilometres east if t

Page 5: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

HA R!

•-"T Ciintrial l —i '

— LENORA RESOURCES LTD.

1U IHK:

Page 6: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

3

Mine leads south and then east through the east portion of the

property.

LAND TENURE AND OWNERSHIP

The Greater Lenora (Inco-South) property comprises 69 staked

mining claims a total area of approximately 1,136 Ha. The

assessment obligations on 68 of the claims is $27,200.00 or

$400.00/claim due in mid February, 1995. 68 of the claims are under

extension and wi^ require 3800.00 per claim or $54,400.00

expenditures by February 1997. One single unit claim, 1213841 was

staked and recorded on February 14, 1996 with 5400.00 assessment

due in 1998. The following table lists the claims which form the

Inco Option - South Block:

588014 l claim588165 - 588172 5 claims588175 - 588179 5 claims588132 - 588198 17 claims588388 - 588389 2 claims588468 - 588471 4 claims588476 - 588479 4 claims588534 - 588537 4 claims588540 l claim588558 - 58856 3 claims588563 - 588570 8 claims588573 - 588575 3 claims599010 - 599014 5 claims599020 - 599025 6 claims

Total, original block 68 claims

1213341 (staked in 1996)

Grand Total..........69 claims

PREVIOUS WORK

In August of 1917, gold was discovered DV Coin Lake G,: id Mine

Page 7: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

FIG.

Lenora Explorations Ltd viLOCATION PLAN

.-----.-- —— - — -' — -. -— INCO PROPERTY

\ ~ I K J "i 1-9 ! ^ 1 a j HOLLOSVAY AND HARKER TOWNSHIPS'S , a r1 " -i 1 s) 1'" J-'S.U-lljL..: -|--.jL -a' " ' "1 LARDER LAKE MINING DIVISION

'i Z i S 1C ] * "~~S~] COCHRANE 'DISTRICT, ONTARIO j

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Page 8: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

on claim L-7135 (now patented), of the Lightning River group. A

number of pits were excavated and a 48 foot inclined shaft was sunk

in 1922 producing 1820 pounds of muck, grading 0.70 oz/ton Au. In

1945, diamond drilling on the property began, with 17 shallow holes

to explore the previous trenches. Low values were returned and

exploration was terminated.

In 1950, Mcintyre Porcupine Mines completed 10 shallow drill

holes west of Mcintyre Lake, 3 cf which are on the present

property. Low gold values were returned.

The property was staked in 1981 by the Canadian Nickel Company

Ltd. (Canico) as part of a contiguous 245 claim group. Staking was

followed by airborne magnetic and EM surveys followed by

reconnaissance geological mapping and sampling.

The Canico claims were then divided into 3 groups and optioned

oy Mary Ellen Resources, Argentex Resource Corp. and Lenora

Explorations, all part of the Kasner Group of Companies. After

consolidation, the entire group is now held by Greater Lenora

Resources Corp. with the Mary Ellen (Inco-West) and Argentex (Inco-

East) portions having been Drought to lease. A portion of the South

Block was brought to lease and purchased by American Barrick Gold

Corp. which forms part of the Holt McDermott tailings pond.

In 1984, Lenora entered into a ~ zir.t venture with Disccverv

Mines to explore both tne present claims as v;eil as the "olden

Harker patents. Limited geopnysics were completed i Max M in L r.u

Page 9: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

5

total field magnetics) over the west portion of the South Block. 4

diamond drill holes (1-84-1 to 4) tested the magnetic low horizon

with limited success.

In 1986, Lenora completed 3 additional holes on the South

Block (LR86-14, 15, 16), however, gold values were not intersectea.

In 1988 Lenora completed geological mapping, total field

magnetics over the east portion of the South Block on grid lines

cut at 200 metre centres. Chip sampling, mapping and bulk sampling

was completed as well near the Coin Lake prospect on present claim

588534. The best result from this program was a 393 Ib sample which

assayed 0.111 oz/ton. Two other samples of similar weight graded

0.040 and 0.047 oz Au. Chip sampling returned an overall low grade

of 0.01 oz/ton for the zone.

GENERAL GEOLOGY

The Inco-South property is underlain by a steeply south

dipping homoclinal sequence of mafic tholeiitic basalts which form

part of the Kinojevis Group, part of the Abitibi Greenstone Belt.

Linear magnetic low anomalies represent narrow interflow sediments

as well as strike faulting and in places are mineralized with gold

fie Golden Harker). The magnetic low horizon on the Incc-South

clock appears to comprise interflow argillite and graphitic

sediments as intersected by previous drillir.cr ana is part cf the

same horizon which hosts the Golden Harker deposit to tr.e

s out. vest.

Page 10: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

The sediments are located at the magnetic high-low contact

marking a flow contact between iron-rich and magnesium-rich

tholeiitic volcanics. Although no significant structures were

intersected in the earlier drilling, this authors experience in the

area indicates that the interflow sediments are zones of weakness

within the volcanics and faulting generally occurs at some point

along these horizons. This faulting may give rise to

carbonatization, silicification and pyritization with accompanying

gold mineralization of the volcanics.

Such faulting was intersected in drill hole G96-1, wnich

intersected 2.46 gms/tonne Au over 1.50 metres. Perhaps more

important than the actual gold mineralization intersected was the

width and style of alteration intersected in hole G96-1. The

sequences are almost identical to these at the Golden Harker

deposit.

This sequence includes, from south to north, pristine iron

tholeiitic basalt flows becoming foliated and increasingly

carbonatized down hole with sections of carbonaceous or graphitic

interflow sediments. This is followed by a central core of

silicified, carbonatized and pyritized volcanics termed the Main

Mineralized Zone. A sharp geochemical change from iron to magnesium

tholeiitic basalt marks the lower contact of the Main Mineralized

Zone. In drill hole G96-1, the Upper Caroonatized Basalt unit was

intersected over a core length of 40.44 metres indicating the

Page 11: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

presence of an exceptionally strong alteration system containing

erratic though anomalous gold mineralization throughout, up to 700

ppb Au.

The Main Mineralized Zone, a term used by this author at the

Golden Harker deposit as well as the Holt-McDermott Mine comprises

a strongly brecciated (tectonic) silicified and carbonatized unit.

The colouration of this unit is consistent with an altered

tholeiite, being dark purple caused by hematization of the iron

tholeiite. Sulfide content comprising pyrite increases down section

to a maximum of IC'% where the best grade was intersected at 2.99

gms/tonne over 0.83 metres. The footwall contact is marked by a

narrow quartz vein followed by a narrow seam of fault gouge. This

fault, though rather inconspicuous, is the most important structure

intersected as it marks the iron-magnesium volcanic contact. The

footwall volcanics comprise non-magnetic pillowed amygduiar flows

to the end of the hole.

1996 EXPLORATION PROGRAM

The first phase of work included 21.6 kilometres of ci. ,ii..-.g

and brushing of a portion of the original 1988 grid. Th-3 ws

followed by approximately seven kilometres of Phase Inducea

Polarization survey conducted by Belanger Geophysics. The details

of this survey are outlined in Section ~B' of this report. The

sur~: : - defined a number of targets ana follow-up diamond ariilir.a

was recommended and initiated bv Greater Lenora.

Page 12: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

The locations for the three 1996 diamond drill holes are given

in the following table:

DRILL HOLE # LATITUDE LONGITUDE DIP AZIMUTH DEPTH

396-1 3+OCS 36+OOE -45 J 340- 215.2m396-2 2+OOS 26+OOE -50 U 340" 59.2mG96-3 1 + 35S 28 + OOE -50 IJ 340 U 172.6m

As stated previously, holes G96-2 and 3 were collared so as to

comply with the Mining Act assessment regulations. Ideally they

should have been drilled either as a short step-out and an undercut

of G96-1. The 800 metre step-out for G96-3 does not allow a

detailed correlation between holes.

Summary logs for the drill holes follows:

396-1

O.00- 50.60m Casing50.60- 93.30 Iron Tholeiite93.30 - 96.13 Fault (1.52m lost core)96.13 - 129.76 Iron Tholeiite129.76 - 134.97 Foliated Basalt134.97 - 175.52 Carbonatized Basalt + Shale172.52 - 177.96 Main Mineralized Zone177.96 Fault177.96 - 215.24 Magnesium Thc.eiite215.24 End of Hole

Best Assay - From 176.46 to 177.96m, 2.46 grr.s Au ever 1.50m. (Includes 2.99 gms Au over 0.83m)

396-2 - Abandoned in overburden at 59.15m

396-3

CasingMagnesium TholeiiteFoliated Basalt

Page 13: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

91.00 - 94.90 Graphitic Shale94.90 - 96.50 Mineralized Zone96.50 - 172.56 Magnesium Tholeiite172.56 End of Hole

Best Assay - From 161.00 to 161.42m, 1.01 gms Au over 0.42m.

Although there are similarities between the two holes, the

iron-magnesium contact which hosted the mineralization in G96-1 was

not intersected in G96-3. This may be because of extensive

overburden; the hole overshooting the contact.

SUMMARY AND RECOMMENDATIONS

Additional diamond drilling is recommended to further test the

mineralization in G96-1. This would include an undercut ana testing

along strike both east and west. The undercut hole should intersect

the mineralized zone at a vertical depth of 200 metres or 75 metres

below G96-1. Two step-out holes should be located 100 metres east

ana west of G96-1.

Additional griding at 100 metres centres should be completed

for dr: M control. The estimated cost for this program is detail^ ~ :

below:

Line cutting, 2.5 km @ $275.00/km......... . . . . . . . . . . $688.00Diamond Drilling, 275 metres @ 550.30/metre......... 513,750.COAssays.............................................. 1,650.00Final report, consulting fees, supervision.......... 4,000.00

GRAND TOTAL...................................... $20,088.00

It snould be noted that if the results :f the above program

are favourable, drilling should continue as the above crcaram will

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10

not be sufficient to maintain the claims in good standing past

1997 .

Respectfully Submitted

Stewart Carmicha

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11

Appendix I

Certificate of Qualifications

I, Stewart J. Carmichael, of the Town of Kirkland Lake, in the District of Timiskaming, in the Province of Ontario, Canada, do hereby certify that:

1) I am a consulting geologist with address 42 Rand Avenue East, Kirkland Lake, Ont. P2N 1X1.

2) I am a graduate of McMaster University, Hamilton, Ontario, having received the degree of Bachelor of Science, Geology from the Faculty of Science in 1982. I have since practised in the field of mineral exploration continuously since graduation.

3) I am a Fellow of the Geological Association of Canada.

4) I have no direct or indirect interest in Greater Lenora Resources Corp. Holloway Township property.

6) In addition to my personal knowledge of the area, I have made use of the records of the Ministry of Natural Resources of Ontario in the preparation of this report.

Dated this *3O day of September, 1996

Stewart J. Carmichael, B.Se., FGAC

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12

Appendix II

BIBLIOGRAPHY

Carmichael, S.J., 1987: A Report on the 1986 Exploration Programs on the Inco Options, Harker and Holloway Townships, District of Cochrane, Ontario, Larder Lake Mining Division. Internal report prepared for the Kasner Group of Companies.

Carmichael, S.J. and Hinse, G.J., 1985: Progress Report on theInco-Holloway Joint Venture, Holloway and Harker Townships, Northeastern Ontario, Parts l and 2. Internal Report

prepared for the Kasner Group of Companies.

Carmichael, S.J., 1987: A Report on the 1987 Exploration Programs on the Mary Ellen Resources Inco Option, Harker and Holloway Townships, District of Cochrane, Ontario, Larder Lake Mining Division. Internal reporr prepared for uhe Kasner Group of Companies.

Haighton, A. 1988: Progress Report on the Inco Option Property ofLenora Explorations Ltd., June 1988 to September 1988Internal report prepared for the Kasner Group of Companies.

Jensen, L.S., 1982: Precambrian Geology of the Lightning Mountain Area, Lightning River Area, Cochrane District. Ontario Geological Survey, Map P2432, Geological Series-Preiiminary map .

Satterly, J. 1953: Geology of Harker Township., Ontario Department of Mines, Volume LX, Part VII.

Satterly, J. 1953: Geology of the North Half of Holloway Township, Ontario Department of Mines, Volume LXII, Part VII.

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13

Appendix III

Diamond Drill Logs and Assay Certificates

Page 18: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

GREATER LENORA RESOURCES CORP. - HOLLOWAY PROJECT

Co-ordo -300.0 N

Azimuth: 340.0

3600.O E

Dip: -45.0

Elevation 1000.0

Length: 215.:

DIAMOND DRILL RECORD

Property:

Purpose:

Drilled by:

Page: l

HOLE NO.: G96-1

Holloway

Test IP Anomaly

Heath k Sherwood

Date Started: July 3 1996

Date Completed: July 6 1996

Logged by: S.J. Carmichael, July 17 1996

Core Size: BQ

Claim Number: 588191

Longitude 36+00 E

Latitude 3+00 S Dip Tests

.lin 50.60 CASING

53 . 7 340 . O -45.O

213.0 340.0 -44.0

-Description- Sample from to Length AU Au-2

No. (m) (m) (m) PPB gms/toime

50. b d ; ;3.30 BASALT - IRON THOLEIITE

Dark green fine to medium grained massive iron

tholeiitic basalt . Weakly fractured with < 1^ epidote

Page 19: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

GREATER LENORA RESOURCES CORP. -- HOLLOWAY PROJECT Page: 2

HOLE NO.: G96-1

from to

(m) (m)

- Description- Sample from to Length AU Au-2

No. (m) (m) (m) PPB gms/tonne

and quartz/calcite hairline stringers. Moderately

magenetic throughout.

63.41 64.02 Silicified/quartz vein from 63.48-63.57m,

4-5% pyrite, X-2% quartz stringers

remainder of section.

73.32 73.75 Silicified /epidotized. May be healed

fault. Id-15% coarse pyrite from

73.41-73.63m.

73.75 80.18 Medium-grained diabasic textured basalt.

87.04 91.46 Pillowed and flow top brecciated basalt.

Fine-grained.

91.46 91.77 Quartz vein, barren.

5427 63.41 64.02 .61 36 tr

5428 73.32 73.75 .43 69 tr

93.30 96.13 FAULT

Blockly gravel core.

core .

core rcovery. 1.52m lost

96.13 129,76 BASALT - IRON THOLEIITE

Dark green fine-grained massive iron tholeiite

Moderately magnetic throughout.

96.34 97.56 Moderately fractured, weakly

carbonai i .,ed. Trace pyrite.

5429 96.34 97.56 1.22 9 nil

Page 20: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

GREATER LENORA RESOURCES CORP. - HOLLOWAY PROJECT Page: 3

HOLE NO.: G96-1

f rom

(m)

to

(m)

Descript ion- Sample from to Length AU Au-2

No. (m) (m) (m) PPB gms/tonne

i 2 y. 76 134.97 FOLIATED BASALT

Dark green chloritized foliated basalt with

tuffaceous/hyaloclastite phases. Weakly carbonatized

throughout. Generally non-magnetic. Trace sulfides.

129.76 131.10 As above.

131.10 132.62 As above, foliation at 60 deg to GA.

132.62 134.15 As above, possible tuff from

132.84-133.08m.

134.15 134.97 As above.

5430 129.76 131.10

5431 131.10 132.62

5432 132.62 134.15

5433 134.15 134.97

1.34

1 . 52

l . 53

7 nil

3 nil

7 nil

.82 nil nil

134.U7 17S. b2 CARBONATIZED BASALT

Light green/grey moderately carbonatized flow. Sharp

upper contact. Minor units of carbonaceous shale

throughout. Generally massive with < 11 quartz4--

calcite stringers.

134.97 135.67 Silicified with 4 9o pyrite from

135.2] 135.37m. Nil to trace pyrite

remainder of section.

J 35. 67 136.67 Fine-grained carbonatized basalt.

Chilled flow contact at 136.77m. Nil

pyrite.

137 80 138.51 Carbonatized, 4% quartz stringers.

Trace pyrite. May be tuffaceous.

5434 134.97 135.67 .70 466 .47

5435 135.67 136.89 1.22 2 nil

5436 137.80 138.51 .71 nil nil

Page 21: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

GREATER LENORA RESOURCES CORP . HOLLOWAY PROJECT Page : 4

HOLE NO.: G96-1

f L orn to

(in) (m)

-Descript ion- Sample from to Length AU Au-2

No. (m) (m) (m) PPB gms/tonne

138.51 139.33 Carbonaceous Shale Carbonaceous shale

from 138.51-138.66m and.05m shale at

138.84m. 2-31; pyrite in sediments.

140.40 141.31 Crystal tuff, 2* disseminated pyrite,

silicified/quartz flooded from

141.16-141.31m.

141.31 142.53 Carbonaceous Shale Carbonatized basalt

from 141.31-142.Olm folowed by

carbonaceous shale to 142.53m. 2-45

pyrite in shale.

142.53 143.60 Carbonaceous Shale Carbonatized basalt

to 142.23 followed by carbonaceous

shale to 143.60m. 4% pyrite in shale.

Lower contact at 52 deg to CA.

143.60 145.12 Carbonaceous Shale Carbonaceous shale

from 144.33-144.66m.

145. IP. 145.73 Carbonaceous Shale Cherty carbonaceous

shale from 145.12-145.43m. 2-4 !fc pyrite.

145.73 x-i 6 . 98 Carbonatized basalt, 4% quartz veins,

trace pyrite.

148. l 7 149.70 Ac above.

J 49 . 70 151 . 22 As above.

.153.t)5 154.27 As above, check sample.

156.19 157.32 Check cample.

J 57 . 12 158.54 As above.

5437 138.51 139.33 .82 2 nil

5438 140.40 141.31 .91 29 tr

5439 141.31 142.53 1.22 3 nil

5440 142.53 143.60 1.07 2 nil

5441 143.60 145.12 1.52 19 tr

5442 145.12 145.73 .61 15 tr

5443 145.73 146.98 1.25 9 nil

5444 148.17 149.70 1.53 nil nil

5445 149.70 151.22 1.52 5 nil

5446 153.05 154.27 1.22 7 nil

5447 156.19 157.32 1.13 5 nil

5448 157.32 158.54 1.22 2 nil

Page 22: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

GREATER LENORA RESOURCES CORP. HOLLOWAY PROJECT Page: 5

HOLE NO. : G96 -l

fioin to

(m) (m)

-Description-

158.54 160.06 Fault Carbonatized basalt, 5 S0 quartz

veins. Fault at 159.21m, dip 46 deg to

GA.

160.06 161.37 Fault Moderately fractured with 20%

carbonatized basalt. Fault at 161.37m,

dip 64 deg to GA.

161.37 162.80 Highly fractured with 20 s!; quartz

veining and flooding. Trace pyrite.

162.80 Fault Seam of graphitic gouge.

162.80 163.48 Carbonatized basalt. Trace to 11 pyrite.

163.48 164.94 Dark grey fine-grained tuff, x-2%

pyrite .

164.94 166.46 Carbonatized basalt. Trace pyrite.

166.46 167.68 As above.

167.68 168.60 As above, silicified with 4-6 pyrite

from 167.87-167.99m.

168.60 169.8. Carbonatized basalt, 4-51 fine pyrite

from 169.51-169.76m.

169.82 171.04 Carbonatized basalt, trace pyrite.

171.04 172.26 As above, silicified with 51 fine

pyrite f i on, l 71 . 98-172 . 10m.

172.26 17 j. 78 Carbonatiii. - 1 i-asalt. Trace pyrite.

173.78 175.52 Carbonatized basalt, locally

silicified. Blocky core, 501; recovery.

Sample from to Length AU Au-2

No. (m) (m) (m) PPB gms/tonne

5449 158.54 160.06 1.52 nil nil

5450 160.06 161.37 1.31 nil nil

5451 161.37 162.80 1.43 14 tr

5452 162.80 163.48 .68 5 nil

5453 163.48 164.94 1.46 2 nil

5454 164.94 166.46 1.52 146 .15

5455 166.46 167.68 1.22 9 tr

5456 167.68 168.60 .92 363 .36

5457 168.60 169.82 1.22 298 .30

5458 169.82 171.04 1.22 nil nil

5459 171.04 172.26 1.22 43 tr

5460 172.26 173.78 1.52 715 .71

5461 173.78 175.52 1.74 886 .89

Page 23: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

GREATER LENORA RESOURCES CORP. - HOLLOWAY PROJECT Page: 6

HOI,K NO. : G96 - L

(m)

IXjiseription- Saiuple from to I.enyth

No. (m) (m) (m)

AU Au-2

PPB gms/tonne

175. b2 177.96 MAIN MINERALIZED ZONE

Highly breciated moderately silicified, highly

carbonatized unit. Dark purple hematite alteration

becoming lighter grey down section. Moderately well

mineralized with up to a.0% pyrite, average 4-5 9i

pyrite.

175.52 176.46 Purple hematized alteration with 4-5t

pyrite to 176.10m then light grey

silicified.

176.46 177.13 Highly brecciated and silicified, S-10%

pyri t . t hroughout.

177.13 177.96 Light jj'.-y highly brecciated,

mode i iy silicified, 10\ pyrite, .05m

quartz vein at 177.96m.

5462 175.52 176.46 .94 387 .39

5463 176.46 177.13 .67 1806 1.81

5464 177.13 177.96 .83 2993 2.99

177. yo :: i v :M BASALT - MAGNESIUM THOLEIITEFine grained medium green coloured magnesium

tholeiitic basalt. Amygdala r from 177.96-180.49m.

Becoming pillowed down sect J on with flow contacts

marked by hyalclastite.

177.96 Fault Nari seam of gouge, dip 60 deg

to CA.

17/.96 178.66 Weakly an- natized amygdular basalt.

5465 177.96 178.66 .70 15 tr

Page 24: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

GREATER LENORA RESOi ' CORP. - HOLLOWAY PROJECT Page: 7

HOLE NO.: G96-l

(m)

Lo

(m)

-- --Description- Sample from to Length AU Au-2

No. (m) (m) (m) PPB gms/tonne

Trace pyrite.

178.66 179.88 Ac above, check sample.

196.34 Becoming pillowed with phases of

hyaloclastite.

215.24 END OF HOLE.

CASING PULLED.

5466 178.66 179.88 1.22 nil nil

Page 25: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

GREATER LENORA RESOURCES CORP. - HOLLOWAY PROJECT

Co 01du -200.0 N

Azimuth: 340.0

2600.0 E

Dip : -50.0

Elevation 1000.0

Length: 59.2

DIAMOND DRILL RECORD

Page : l

HOLE NO.: G96-2

Property: Holloway

Purpose: Test IP Anomaly

Drilled by: Heath k Sherwood

Date Started: August 7 1996

Date Completed: August 11 1996

Logged by:

Core Size: BQ

Claim Number: 588193

Longitude 26+00 E

Latitude 2+Ou S Dip Tests

to

(m)

-Description - Sample from to Length AU Au-2

No. (m) (m) (m) PPB gms/tonne

j y.l 5 CASING

172.56 End of Hole.

Hole Abandoned in Overburden.

Page 26: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

GREATER LENORA RESOURCES CORP. - HOLLOWAY PROJECT

2800 . O E

A i: imuth : 340.0

Dip: -50.0

Elevation 1000.0

Length: 172.6

DIAMOND DRILL RECORD

HOLE NO.:

Page: l

G96-3

Property: Holloway

Purpose: Test IP Anomaly

Drilled by: Heath Se Sherwood

Date Started: August 12, 1996

Date Completed: August 14, 1996

Logged by: S.J. Carmichael, August 26, 199*

Core Size: BQ

Claim Number: 588189

Longitude 28+00 E

Latitude 1+35 S Dip Tests

. 00 in .00 CASING

154 . O 340 . O -45.O

-Description- Sample from to Length AU Au-2

No. (m) (m) (m) PPB gms/tonm

H J I;A;JX.LT - MAGNESIUM THOLEIJTK

I'-It,.-d i um-green massive non-magnetic Mg- theoleiite .

l''ii]i.--grained, weakly foliated.

Page 27: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

GREATER LENORA RESOURCES CORP. - HOLLOWAY PROJECT Page : 2

HOLE NO.: G96-3

t o

(m)

Do s ci i pt ion- - - Sample from to Length AU Au-2

No. (m) (m) (m) PPB gms/tonne

.i. 84 91.00 FOLIATED BASALT

Medium-green moderately to well foliated

Mg-theoliite. Foliation intensity increases

down-section. Weakly fractured with X-2% quartz

stringers. Unit is not carbonatized. Nil pyrite

throughout.

83.84 85.00 As above.

85.00 86.50 As above.

86.50 88.00 Becoming increasingly foliated at 58 deg

to GA .

88.00 89.50 As above.

89.50 90.24 As above, hematized from 89.95-90.16m.

Trace pyrite.

90.24 91.00 Weak erratic hematization, 11- pyrite.

85 . 00

86 . 50

88 . 00

1 . 16

l . 50

1.50

5

nil

n:i l

nil

nil

nil

5523 83.84

5524 85.00

5525 86.50

5526 88.00 89.50 1.50 nil nil

5527 89.50 90.24 .74 nil nil

5528 90.24 91.00 .76 nil nil

91.00 ''4.90 GRAPHITIC SHALE

Moderately fractured carbonaceous to graphitic shale.

Becoming brecciated with lS-20% quartz veins and

stringers down-section. ID-15% semi-massive pyrite

throughout.

9.1. UO 92.00 As above.

9::. Oil 93.29 As alcove, bed^uig at 60 deg to C.A.

5529 91.00 92.00 1.00 52 t r

5530 92.00 93.00 1.00 60 LJ

Page 28: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

GREATER LENORA RESOURCES CORP. - HOLLOWAY PROJECT Page: 3

HOLE NO. : G96 -3

t rom to

(m) (m)

De:;cription- Sample from to Length AU Au-2

No. (m) (m) (m) PPB gms/tonne

Blocky broken core. 80!; recovery.

93.29 93.80 Highly brecciated and silicified shale.

4-51 pyrite. Major fault at 93.80m -

graphitic gouge at 58 deg to C.A.

93.80 Fault.

93.80 94.20 As above, 15t; quartz veins, 2-3 9d pyrite,

Major fault at 94.20m, dip 60 deg to C.A.

94.20 Fault.

94.20 94.90 Brecciated and Granulated graphitic

shale. 8 9o pyrite, H.0% quartz veins.

5531 ( .'3.29 93.80 .51 2 nil

5532 93.80 94.20 .40 nil nil

5533 94.20 94.90 .70 38 tr

MAIN MINERALIZED ZONE

1'uiple/gi ey moderately carboriatized basalt. Weakly

silicified. 5% erratic disseminated pyrite.

94.90 96.00 As above, S^ pyrite.

96.00 96.50 Slightly stronger hematization and

carbonization. B-8% pyrite clots.

5534 94.90 96.00 1.10 nil nil

5535 96. Gi, 96.50 .50 47 tr

96.50 J,'.:. 56 BASALT - MAGNESIUM THOLEIITE

Pale green fine-grained pillowed Mg-tholeiite.

Pillowed throughout with minor interflow hyalclastite

and semi -inasa ive pyrrhotite + pyrite.

96.SO 97.50 As above, X-2% pyrite. 5536 96.50 97.50 1.00 nil nil

Page 29: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

GREATER LENORA RESOURCES CORP. - HOLLOWAY PROJECT Page: 4

HOLE NO.: G96-3

to

(m)

-Description - Sample from to Length AU Au-2

No. (m) (m) (m) PPB gms/tonne

97.50 98.50 As above.

126.83 127.88 Amygdular phase, 1C^ calcite amydules.

155.80 Fault Narrow seam of gouge.

156.10 157.00 Weakly carbonatized,

hematized/silicifled with 15%

disseminated pyrite from 156.80 -

156.87m.

157.00 158.00 Weakly carbonatized, nil pyrite.

158.00 159.00 Fault As above, fault at 158.84m, dip

58 deg to C.A.

159.00 160.00 Fault As above, fault at 159.22m, dip

56 deg to C.A.

.160.00 161.00 Moderately fractured with ^0% quartz

veins. Trace pyrite.

361.00 161.42 Silicified with 10*1; finely disseminated

pyrite from 161.20 - 161.33m.

161.42 162.50 8 9o quartz veins, trace pyrite,

l 72 . 56 END OF HOLE.

5537 97.50 98.50 1.00 nil nil

5538 156.10 157.00 .90 nil nil

5539 157.00 158.00 1.00 nil nil

5540 158.00 159.00 1.00 2 nil

5541 159.00 160.00 1.00 nil nil

5542 160.00 161.00 1.00 nil nil

5543 161.00 161.42 .42 1006 1.01

5544 161.42 162.50 1.08 9 nil

Page 30: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

07 23'96 14:30 31 703 3o7 333' ;IAS\ER GROUP IX -3'JOl

07-23-96 01 : 23PM C 36] ^1

Swastika LaboratoriesA Division of TSL/AKtiayeni Inc.

Assaying - Consulting . Representation Page l of 2

Geochemical Analysis Certificate 6W-2S79-RG1 GREATER LENORA RESOURCES CORP Ci(c : JUL-23-96

Project:Ann; S. Carmichael

We hereby cenify the following Geochemical Analysis of 40 Core samples submitted JUL-18-96 by .

SampI e Number5427 5428 5429 5430 54315432 5433 5434 5435 54365437 5438 5439 5440 5441

5442 5443 5444 5445 5446

5447 5448 5449 5450 5451

545254535454 5455 5456

Au Au Check PPB PPB36 699i

\

7 Ni 1 446 485

2 Nil

2 29 3 2 Nil 1915 9

Nil 575 2

Nil Nil14

5t*

146 9

3 ! 5 411

-. 2nd PPB

-

-

-*

-

-

-

.•."e assay ton nomen used.

sa. cv

Page 31: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

07-23-96 [361

Swastika LaboratoriesA Divfeion i, f TSl./A^uycrs, inc.

Assaying * Consulting - RepresentationEstablished 1828

Geochemical Analysis Certificate

Company! GREATER LENORA RESOURCES CORPPrcjeci:

S. Carmichael

Page 2 gf 2

6W-2579-RG1

Daw: JUL-23-%

We hereby certify the following Geochemical Analysis of 40 Core samples submitted JU L- 1 8-96 by ,

Sarule Number5457545554595460 5461^S 462"5463546454655466

Au Au Check PPB PPB

Au 2nd PPB

298 Nil

43 715 886387

18343154

15Nil

17782774 3051

One assay lyn portion used.

Cenifiedby

P.O. Box 10, Swastika, Ontario POK iTo Telephone (705)642-3244 FAX (705)642-3300

Page 32: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

Swastika LaboratoriesA Division of TSL/Assayers Inc.

Established 1928 Assaying - Consulting - Representation

Geochemical Analysis Certificate

company: GREATER LENORA RESOURCES CORPProject: HollowayAttn: S.. Carmichael

We hereby certify the following Geochemical Analysis of 22 Core samples submitted AUG-28-96 by .

6W-3315-RG1

Date: SEP-05-96

Sample Number5523552455255526552755285529553055315532

55335534553555365537

5538553955405541554255435544

Au PPB

5ir, iNilNilNilNil58602

Nil

38Nil43

NilNil

NilNil

2NilNil1018

9

Au Check J PPB

.----

-46

.--

--

51--

-----

994-

One assay ton portion used.

Certified by

P.O. Box 10, Swastika, Ontario POK 1TO Telephone (705)642-3244 FAX (705)642-3300

Page 33: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

CttOntario Ministry ot

Northern Developmentand Mines

Declaration of Assessment Wo Performed on Mining LandMining Act, Subsection 65(2) and 66(3), R.S.O. 1990

Transaction Number

Assessment Files Research Imaging

Personal information collec Mining Act, the information Questions about this colic 933 Ramsay Lake Road, S

of the Mining Act. Under section 8 of the id correspond with the mining land holder, arn Development and Mines, 6th Floor,

32D05NE0074 W9680.00607 HOLLOWAY 900

Instructions: - For work performed on Crown Lands before recording a claim, use form 0240. - Please type or print in ink.

1. Recorded holder(s) (Attach a list if necessary)

Name A 1 S^\ r&ocr&r- i&i^i&^at /c^^oo/c^-S ( o/^/o-

Address

Name

Address

Client Number

Telephone Number

Fax Number

Client Number

Telephone Number

Fax Number

2. Type of work performed: Check ( s ) and report on only ONE of the following groups for this declaration.

Geotechnical: prospecting, surveys, assays and work under section 18 (regs)

i—i^Physical: drilling, stripping,L^3 trenching and associated assays Rehabilitation

Work Type

J^ioi^\o^of. fi~;tj;*jj ^/v?- m tfX^j" •••••T,

SntXS" From ^ c,-, ^ To Z^ 08* ^ Day 1 Month Year Day Month Year

Global Positioning System Data (if available) Township/Area

M or G-Plan Number (^- *~3(e -T/

Office UseCommodity

Total S Value of . Work Claimed t— f c[~" ?(o-^?

NTS Reference

Mining Division J"/, 7 f^ i

Resident Geologist -^ ) i i pi District r(ss)AJG^CJ t&LlLt*

Please remember to: - obtain a work permit from the Ministry of Natural Resources as required;- provide proper notice to surface rights holders before starting work;- complete and attach a Statement of Costs, form 0212;- provide a map showing contiguous mining lands that are linked for assigning work;- include two copies of your technical report.

3. Person or companies who prepared the technical report (Attach a list if necessary)Name Telephone Number

Address Fax Number

Telephone Number

Fax NumberAddress

Name Telephone Number

Address Fax Number

4. Certification by Recorded Holder or Agent

l, , do hereby certify that l have personal knowledge of the facts set(Print Name)

forth in this Declaration of Assessment Work having caused the work to be performed or witnessed the same during or after its completion and, to the best of my knowledge, the annexed report is true.

0241 (02/96)

Page 34: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

Ontario Ministry ofNorthern Developmentand Mines

Schedule for Declaration of Assessment Work on Mining Land

Transaction Number (office use)

Mining Claim Number. Or ifwork was done on other eligible mining land, show in this column the location number indicated on the claim map.

Number of Claim Unit*. For other mining land, list hectares.

Value of work performed on this claim or other mining land

Velu* of work applied to this claim

Value of work aaalgned to other mining claims

Bank. Value of work to be distributed at a future date

S

PJ,

S,

/St

4-

i

4

o.do

4O 00

' -oc)

-S*** od

l0280 (to/96]

Column TotalsC OfUtCoiLtU rf cn P to -

3 s-, 3Z. e. oo

Page 35: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

5. Work to be recorded and distributed.the mining land where work was performed, must accompany this form.

-Work can only be assigned to claims that are contiguous (adjoining) to at the time work was performed. A map showing the contiguous link

Mining Claim Number. Or if work was done on other eligible mining land, show in this column the location number indicated on the claim map.

eg

eg

eg

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

TB 7827

1234567

1234568

5-a^rsaatef509,70

SV&tl-l

s-ee.7^

s-sa/^^

,5"©0/?^.

SS-^/77

^ Jy cy/ ify

c' t*11^^? i ~v**f•^ tyfty/ f^(

^e/e-7.^2/23

sve/g'/s®e)QfS&&/06

Number of Claim Units. For other mining land, list hectares.

16 ha

12

2

(

(

l

l

l

l

l

l

l

l

l

l

l

\

\

Ite&iUuJ "*8oiStfaW.

Value of work performed on this claim or other mining land.

S26, 825

0

3 8, 892

t

f

f

•b

9f4

o*dpcb

^^

V?

(o

*

Value of work applied to this claim.

N/A

324,000

S 4,000

Bo*^

657.00

CS&.&a&S1.&0

®0o*K

Z S7. oo

6S?,o*

^S6 r06^I'OV

&&1.00

^31^4

f^/i- O&

i^ J-&&

W*x*

Q-5^5 7*~ rCxC-'

8 ltS/^

Value of work assigned to other mining claims.

S24,000

0

0

Bank. Value of work to be distributed at a future date.

S2,825

0

S4,892

l, , do hereby certify that the above work credits are eligible under(Print Full Name)

subsection 7 (1) of the Assessment Work Regulation 6/96 for assignment to contiguous claims or for application tothe clainK^ihere' tbe^Work was done. fSignat Ider or Agent Authorized in Writing Date

1 7'y6. Instructions for cutting back credits that are not approved.

Some of the credits claimed in this declaration may be cut back. Please check ( f ) in the boxes below to show how you wish to prioritize the deletion of credits:

1. Credits are to be cut back from the Bank first, followed by option 2 or 3 or 4 as indicated.2. Credits are to be cut back starting with the claims listed last, working backwards; or3. Credits are to be cut back equally over all claims listed in this declaration; or4. Credits are to be cut back as prioritized on the attached appendix or as follows (describe):

Note: If you have not indicated how your credits are to be deleted, credits will be cut back from the Bank first, followed by option number 2 if necessary.

For Office UseReceived Stamp

MAR 18 Total Value of Credit Approved

0241 (02/96)

Page 36: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

Oi'-irio

Ministry o(Northern Developmentand Mines

Ministere du Developpernent du Nord et des mines

Statement of Costs for Assessment Credit

Etat des couts aux fins du credit devaluation

Mining Act/Loi sur fes mines

Personal information collected on this form is obtained under Ihe authority of the Mining Act. This information will be used to maintain a record and ongoing status of the mining claim(s). Questions about this collection should be directed lo the Provincial Manager, Minings Lands, Ministry of Northern Development and Mines, 4th Floor, 159 Cedar Street, Sudbury, Ontario P3E 6A5, telephone (705) 670-7264.

Les renseignements personnels contenus dans la presente formule son recueillis en vertu de la Lol sur les mines el sen/iron! a tenir a jour un registry des concessions minieres. Adresser (oule quesiton sur la collece de ces renseignemenls au chef provincial des terrains miniers, ministere di Developpement du Nord et des Mines, 159, rue Cedar, 4e etage, Sudbury (Ontario) P3E 6A5, telephone (705) 670-7264.

1. Direct Costs/CoOts directs

Type

Wages Salalres

Contractor's and Consultant's Fees Drolls de ('entrepreneur et de I'expert- consell

Supplies Used Fournltures utlllsees

Equipment Rental Location de materiel

Description

Labour Main-d'oeuvre

Field Supervision Supervision sur le terrain

Type

,. ''J(?' /4-.,,i 4

/J,;' S. D ll.-M-

JOcJ; •jf-'.t.ei ArfP

Type

Type

Amount Montan!

/V-tfO-rt:,

j t ^f-^-'-V

fy.tf-iae

(L-.Ktt-

Total Direct Costs Total des coQts directs

Totals Total global

/' c-Vc-- (f)

V3.&3

*#,765

2. Indirect Costs/Couts indirects* * Note: When claiming Rehabilitation work Indirect costs are not

allowable as assessment work.Pour le remboursement des travaux de rehabilitation, les couts indirects ne sont pas admissibles en tant que travaux devaluation.

Type

Transportation Transport

Food and Lodging Nourrlture et he'bergementMobilization and Demobilization Mobilisation et demobilisation

Description

Type

Amount Montan!

Sub Total of Indirect Costs Total partlel des couts Indirects

Amount Allowable (not greater than 20H of Direct Costs) Montan! admissible (n'excedant pas 20 H des coOts directs)

Total Value of Assessment Credit Valeur totale du credit (Total of Direct and Allowable devaluationIndirect rnfttftl fTntfll dfla eoflta dlrncls

Totals Total global

V*,763el Indirect* admissible*

Note: The recorded holder will be required to verify expenditures claimed in this statement of costs within 30 days of a request for verificalion. If verification is not made, Ihe Minister may reject for assessment work all or part of the assessment work submitted.

Note : Le titulaire enregistr6 sera lenu de verifier les defenses demandees dans le present etat des couts dans les 30 jours suivant une demande a eel effet. Si la verification n'est pas effectuee, le ministre peut rejeler lout ou une partie des travaux d'evaluation progenies.

Filing Discounts

1. Work filed within two years of completion is claimed at 10007o of the above Total Value of Assessment Credit.

Remises pour depdt

1. Les travaux deposes dans les deux ans suivant leur achevemenl sont rembours6s a 100 "/o de la valeur totale susmentionnee du credit devaluation.

2. Work filed three, four or five years after completion is claimed at 5007o of the above Total Value of Assessment Credit. See calculations below:

Total Value of Assessment Credit Total Assessment Claimed

x 0.50

2. Les travaux deposes trois, quatre ou cinq ans apres leur achevement sont rembourses a 50 "/o de la valeur totale du credit devaluation susmentionne. Voir les calculs ci-dessous.

Valeur totale du credit devaluation

x 0,50

Evaluation tolale demanded

Certification Verifying Statement of Costs Attestation de l'6tat des coOts

l hereby certify:that the amounts shown are as accurate as possible and these costs were incurred while conducting assessment work on the lands shown on the accompanying Report^" Work form.

that as(Recorded Holder, Agent, Position In Company)

to make this certification

J'atteste par la presente :que les montants Indiques sont le plus exact possible et que ces defenses ont 6t6 engagers pour effectuer les travaux devaluation sur les terrains indiques dans la formule de rapport de travail ci-joint.

l am authorized Et qu'a litre de je suis autorise(titulaire enreglstrd, represented, poste occupd dans la compagnie)

a faire

Signal; Date

'tt

0212 (04/91) Nota : Dans cette formule, lorsqu'll designe des personnes, le masculln est utilisd au sens neutre.

"1——-

Page 37: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

Ontario Ministry ofNorthern Developmentand Mines

Schedule for Declaration of Assessment Work on Mining Land

Transaction Number (office use)

Mining Claim Number. Or ifwork was done on other eligible mining land, show in this column the location number indicated on the claim map.

Number of Claim Unite. For other mining land, list hectares.

Value of work performed on this claim or other mining land

Value of work applied to this claim

Value of work aaalgned to other mining claims

Bank. Value of work to be distributed at a future date

4-

OC)

4b

Column Totals

0290(02/96)

Page 38: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

LEGENDAREAS WITHDRAWN FROM DISPOSITION

M.R.O. - MINING RIGHTS ONLY

S.R.O. - SURFACE RIGHTS ONLY

.+ S. - MINING AND SURFACE RIGHTS

H l G H A A v A \ H t'. ' L "f \

P ROADS '

TRAi; S

t:, i '.t STi"'ANV' PS ^ ASfc L iNES t T ( L:' V *, '. . A, MS

. t i t ; '.'

EVILLE TOWNSHIP

Dweription Order No. DM* Dopocition

Scc.36/60 N.R.Jr. 15/85 05/11/65 B. ft S.

Sac 36/80 W. 9/86 24/01/86 M.BS.

632516 1632317

1204300 PA -^' r i M 1 \[,Mf* r Vi 1 . N' AIMS F T

S .'. .'. - :.',[ H KjH T

O 26 88 f* MARCH 30 88 OPENS A

MAY Z7 7*3 OPENS

L 632509 /L 632510

1137350 l 832519\ A L S T Rt AVI

vn '\i ; OH F LOODiNG WIGHTS

B: ' . 'bil )N OR CUMPOSI T E PLAN

RfcSt R'. ATIONS

\AL SHORELiNt

M OR MLISKFG

MINES TRAVfc Rbl MONUMENT

667156 l 676848596253 lL 56665

_______ _____

L667157 678649L 32935 A

l l l l DISPOSITION OF CROWN LANDS596252l L 596245

TYPE OF DOCUMENT

SURFACE s MiMMG RIGHTS SURF ACF RIGHTS ONLY

. MINING RIGHTS UNLV

LEASE. SURF ACfc a MINING RIGHTS

SURFACE RIGHTS ONLY

MINING RIGHTS ONi.Y .

LICENCE OF OCCUPATION

ORDER IN COUNCIL

RESERVATION

CANCELLED . .

SAND 8. GRAVEL ......

579671 \L579666

L 11 26

----4-—— —— -f. —— -.4,. ——.

; JLu\ i" B ,l]\\ i *^*

••IL g \ L

579668 579659 5 7 9 6 5

NOTE MINING BlG-ifS 'M PARCELS PATEMTE r. PBIOB tOMAv 1913 VESTED IN ORIGINAL PATENTEE B" THE LANDS ACT RSO 1970 CHAP 380. SEC 63 SUBSEC

~_____ JL ___ t ,.. ____ .

j

10 O 10 20 30 40 SO 60 70 Chains -----————— ————— ————— :————— Chami. CL-Y 322 . .

L \ SM03Z L SOO O 1000 2000 3000 4000 SOOO Feel - -

SCALE 1:20 000L ———— ..-. ————— -———-

———————— .4, ——————— l————————

599010 l 5B8I92

——,——l——l ..I "- l "- 'L1 588566 l 588014 l 6332 '7

1008567 1 1046791IOS8SS) .j IO88582

— - -JL. ——— ~ -- - U I B . L. m ( ——— ~

f \ "" ' U "t L M 5Vi i SB86 1214000568958 806991 l 806992 l 833 THE INFORMATION THAT APPEARS ON THIS MAP

'1213999 HAS BEEN COMPILED FROM VARIOUS SOURCES,

D ACCURACY IS NOT- - ,- -i.806983 l 606990 \ ' 6O6993 ^ 633} i 10CLMENTNO. ™*"""EE" THOSE

^^ ^12119671 T--—1

1211906 ISHING TO STAKE MIN- G CLAIMS SHOULD CON-

ULT WITH THE MINING RECORDER, MINISTRY OF NORTHERN DEVELOP MENT AND MINES, FOR AD-

TIONAL INFORMATION

-T—-4L L T —-~L '. l *- -

8068*9 N f*9***4 JI'" '

L f L 4 L l L 608965 k 90*988 l 83328O j 83

O vi THE STATUS OF THE L tNDS SHOWN HEHEON.

^..^I'L../__L, j.__^,i- i L IL 4 L x IL

r—-Ir—Ir—-TOWNSHIP

(784*69 f

•HOLLOWAY:—————t——— -l ——— --L____ J L ' J J^ ——— •** ——— - — " — —— -^1 ———-J. ____ ____——M N R ADMINISTRATIVE DISTRICT

KIRKLAND LAKEMIMING OIVrSHMI

RDER LAKEi A NO'TITLES x REGISTRY DivisionCOCHRANE

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2Jia0. ^*, ilLV"1 " . - ' " ~ft*-\*^*' ": "'^ f. :

MHsttyofNaturalResources

MWstry ofNwlHjdrn Devotapnyoni.

COPY OF THB ARCHIVED MAY

OCTOBER,.986^CHIVED OCTOBER 25.-I9&4'.--:- ~ .-..V'

ncuO)01 i

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Page 39: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

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Page 40: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

CO Dm

lCOo o

I.R. ANOMALY

lDrill Hole Section 28+OOE

DDH G96-2Section Looking 070'

Claim 588193

O) o o4-CN

- 1000

900

Overburden

Abandoned at 59.? metres

1000 -

LEGEND

FBLT MBIT FOLB CBLT SHL MMZFIT

Iron Tholeiite Basalt Magnesium Tholeiite Basalt Foliated Basalt Carbonatized Basalt Carbonaceous Shale Main Mineralized ZoneFault

All Assays Are Gms/TonneMetres

900

32D05NE0074 WB680.0Q607 HOLLOWAY 220

10

SCALE 1:500

20

i

METRES

40

800

0) C.1)V)o

CD

in o oCOo oH-CN

-L

GREATER LENORA RESOURCES CORP. HOLLOWAY JOINT VENTURE

DRILL HOLE SECTION 26 + OOEDDH G96-2

SECTION LOOKING 070 0HOLLOWAY TOWNSHIP

DISTRICT OF COCHRANE, ONT. LARDER LAKE MINING DIVISION

NTS: 42 A/9

PROJECT: L-009

SCALE: 1:500

DRAWN BY: S. CARMICHAEL

PATE: JULY 1996

DRAWING No.

Page 41: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

COo o

COo o

Drill Hole Section 36 + OOEDDH G96-1

Section Looking 070*Claim 588191

eno o

- 1000

FBLT MBIT FOLB CBLT SHL MMZFIT

900

800

-1000

LEGEND

Iron Tholeiite Basalt Magnesium Tholeiite Basalt Foliated Basalt Carbonatized Basalt Carbonaceous Shale Main Mineralized ZoneFault

All Assays Are Gms/TonneMetres

900

10 40

METRES

COo o

.__l__.

COo o+CN

CO Oo+ro

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GREATER LENORA RESOURCES CORP HOLLOWAY JOINT VENTURE

oCO CM

DRIEE HOEE SECTION 36 + OOEDDH G96-1

SECTION EOOKING 070 0HOLLOWAY TOWNSHIP

DISTRICT OF COCHRANE, ONT. LARDER LAKE MINING DIVISION

NTS: 42 A/9

PROJECT: L-009

SCALE: 1:500

DRAWN BY: S. CARMICHAEL

DATE: JULY 1996

DRAWING No. 2

Page 42: SUMMARY OF EXPLORATION ACTIVITIES ON THE INCO OPTION …€¦ · Appendix I - Certificate of Qualifications Appendix II - Bibliography Appendix III - Diamond Drill Logs and Assay

d)

15(no

CD

I.R. ANOMALY

- 1000

Drill Hole Section 28+OOEDDH G96-3

Section Looking 070'Claim 588189

CO o o+CM

Overburden

900

800

-1000

LEGEND

FBLT MBIT FOLB CBLT SHLGRS MMZFIT

Iron Tholeiite Basalt Magnesium Tholeiite Basalt Foliated Basalt Carbonatized Basalt Carbonaceous Shale

Graphitic Shale Main Mineralized ZoneFault

All Assays Are Gms/TonneMetres

900

10

SCALE 1:500

20

i

METRES

40

(U C"CD w o

CDl

CO Oo

COo o+CM

GREATER LENORA RESOURCES CORP. HOLLOWAY JOINT VENTURE

DRILL HOLE SECTION 28 + OOEDDH G96-3

SECTION LOOKING 070 0HOLLOWAY TOWNSHIP

DISTRICT OF COCHRANE, ONT. LARDER LAKE MINING DIVISION

NTS: 42 A/9

PROJECT: L-009

SCALE: 1:500

DRAWN BY: S. CARMICHAEL

DATE: JULY 1996

DRAWING No.