technical report on holloway-holt mining project

TECHNICAL REPORT ONHOLLOWAY-HOLT MINING PROJECT,NORTHEASTERN ONTARIO, CANADAPREPARED FORST ANDREW GOLDFIELDS LTD.

Report for NI43-101

Authors:R. Barry Cook, M.Sc., P.Eng.Wayne W. Valliant, P.Geo.James L. Pearson, P.Eng.

October 2, 2006

RPASCOTT WILSON ROSCOE POSTLE ASSOCIATES INC.

www.rpacan.com SCOTT WILSON RPA www.scottwilson.com

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TABLE OF CONTENTS PAGE

1 SUMMARY.................................................................................................................. 1-1 Executive Summary ................................................................................................... 1-1 Technical Summary ................................................................................................... 1-5

2 INTRODUCTION AND TERMS OF REFERENCE .................................................. 2-1

3 RELIANCE ON OTHER EXPERTS ........................................................................... 3-1

4 PROPERTY DESCRIPTION AND LOCATION........................................................ 4-1

5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY........................................................................................................... 5-1

6 HISTORY ..................................................................................................................... 6-1

7 GEOLOGICAL SETTING ........................................................................................... 7-1 Regional Geology ...................................................................................................... 7-1 Local Geology............................................................................................................ 7-4 Property Geology ....................................................................................................... 7-5

8 DEPOSIT TYPES......................................................................................................... 8-1

9 MINERALIZATION .................................................................................................... 9-1 Holloway.................................................................................................................... 9-1 Holt Mine ................................................................................................................... 9-5

10 EXPLORATION....................................................................................................... 10-1 Lightval .................................................................................................................... 10-1 Newmex ................................................................................................................... 10-2 Blacktop ................................................................................................................... 10-2 Ghost ........................................................................................................................ 10-3 Pumphouse............................................................................................................... 10-3 42 E .......................................................................................................................... 10-4

11 DRILLING................................................................................................................ 11-1

12 SAMPLING METHOD AND APPROACH............................................................ 12-1

13 SAMPLE PREPARATION, ANALYSES AND SECURITY ................................. 13-1

14 DATA VERIFICATION .......................................................................................... 14-1

15 ADJACENT PROPERTIES ..................................................................................... 15-1

16 MINERAL PROCESSING AND METALLURGICAL TESTING......................... 16-1


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17 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES.................... 17-1 Mineral Resources ................................................................................................... 17-1 Mineral Reserves ................................................................................................... 17-14

18 OTHER RELEVANT DATA AND INFORMATION ............................................ 18-1 Mining Operations ................................................................................................... 18-1 Mineral Processing................................................................................................... 18-5 Environmental Considerations................................................................................. 18-7 Operating Costs...................................................................................................... 18-11

19 INTERPRETATION AND CONCLUSIONS.......................................................... 19-1 Database................................................................................................................... 19-1 Mineral Resources and Mineral Reserves................................................................ 19-1 Exploration Potential ............................................................................................... 19-1

20 RECOMMENDATIONS.......................................................................................... 20-1 St Andrew Work Plan .............................................................................................. 20-1 Other Recommendations.......................................................................................... 20-2

21 REFERENCES ......................................................................................................... 21-1

22 SIGNATURE PAGE ................................................................................................ 22-1

23 CERTIFICATE OF QUALIFICATIONS................................................................. 23-1

24 APPENDIX 1............................................................................................................ 24-1 Claim Group Inventory ............................................................................................ 24-1

25 APPENDIX 2............................................................................................................ 25-1 Requirements of Third Party Agreements ............................................................... 25-1

26 APPENDIX 3............................................................................................................ 26-1 Sample Preparation and Fire Assay Protocols, Expert Laboratory Inc. .................. 26-1

LIST OF TABLES PAGE

Table 1-1 Holloway-Holt Planning Budget ................................................................... 1-4 Table 1-2 Mineral Resource Summary - April 30, 2006 ............................................. 1-11 Table 1-3 Holloway Production Costs......................................................................... 1-15 Table 1-4 Holloway Manpower ................................................................................... 1-16 Table 9-1 Tabulation of Holt Mineralized Zones ......................................................... 9-7 Table 16-1 Recent Metallurgical Test Work on Holloway Ore................................... 16-1


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Table 16-2 Mineral Processing Statistics..................................................................... 16-2 Table 17-1 Mineral Resource Summary - April 30, 2006 ........................................... 17-3 Table 17-2 Diamond Drill Spacing.............................................................................. 17-4 Table 17-3 Reserves and Annual Production - Holloway Mine .................................. 17-9 Table 17-4 Reserves and Annual Production - Holt Mine......................................... 17-10 Table 17-5 Holloway Mine - Mineral Resources April 30, 2006 ............................. 17-12 Table 17-6 Holt Mine - Mineral Resources April 30, 2006....................................... 17-13 Table 18-1 Underground Mine Equipment – Holloway Mine..................................... 18-3 Table 18-2 Underground Mine Equipment – Holt Mine ............................................. 18-4 Table 18-3 Historical Custom Milling Location for Holloway ................................... 18-6 Table 18-4 Holloway Closure Costs ............................................................................ 18-9 Table 18-5 Holt Closure Costs................................................................................... 18-10 Table 18-6 Holloway Production Costs..................................................................... 18-11 Table 18-7 Holloway Manpower ............................................................................... 18-12 Table 20-1 Holloway-Holt Planning Budget ............................................................... 20-2

LIST OF FIGURES PAGE

Figure 4-1 Location Map ............................................................................................... 4-3 Figure 4-2 Site Plan ....................................................................................................... 4-4 Figure 4-3 Property Location......................................................................................... 4-5 Figure 7-1 Regional Geology......................................................................................... 7-3 Figure 7-2 Holloway-Holt-McDermott Schematic Section......................................... 7-10 Figure 7-3 Holloway-Holt-McDermott Compilation................................................... 7-11 Figure 17-1 Blacktop Au Grade Distribution .............................................................. 17-6


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1 SUMMARY EXECUTIVE SUMMARY

Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) was retained by St.

Andrew Goldfields Ltd. (St Andrew) to prepare an independent Technical Report on the

Holloway-Holt Project (the Project), north of Kirkland Lake, Ontario. On September 18,

2006, St Andrew entered into a definitive purchase agreement with Newmont Capital

Limited, a wholly owned subsidiary of Newmont Mining Corporation (Newmont), to

acquire all of the shares of Newmont’s subsidiary, Holloway Mining Company, which

owns the Holloway-Holt gold mining and exploration assets located in the Timmins

Mining Camp and adjacent to and contiguous with St Andrew’s East Timmins Golden

Reward exploration properties. Newmont ceased mining on April 28, 2006, and the

Holloway-Holt mine has been on care and maintenance since that date.

This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral

Projects. Scott Wilson RPA personnel visited the Project site on two occasions in April

and early May 2006.

The Holt and Holloway Mines started production in 1989 and 1993 and closed in

2004 and 2006, respectively. The deposits are Archean, mesothermal type and were

mined by longhole mining methods, with backfill.

Currently the major assets and facilities associated with the Project are:

• Gold mineralized zones with measured plus indicated resources of 4.0 million tonnes grading 7.4 grams per tonne gold, for 963,000 ounces of contained gold, and inferred resources of 1.2 million tonnes grading 7.3 grams per tonne, for 270,000 ounces of contained gold.

• Holloway Mine: facilities including two headframes complete with hoistrooms

and hoists, a compressor building, an automated surface cemented backfill mixing plant, an office complex, a warehouse, and shop buildings; two shafts 867 m and 441 m deep, an underground ventilation and heating system, an electrical


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substation, a communication system for the underground mine, shaft, and surface facilities, and a dewatering system.

• Holt Mine (previously Holt-McDermott Mine): surface facilities including a

headframe complete with a hoist room and hoists, a compressor building, a mineral processing plant, a surface backfill plant, an office complex, a warehouse, and shop buildings; underground facilities including a 1,195 m deep timber shaft, an underground jaw crusher and a dewatering system.

• One hundred and forty-eight square kilometres of property with excellent

exploration potential and five specific prospects for immediate follow-up.

CONCLUSIONS DATABASE

• The diamond drilling techniques and technical controls were performed to industry standards and produced samples of adequate quality to develop a database for resource estimation.

• The sampling method and approach, as well as the sample preparation and

analyses, were adequate for resource estimation. • The data verification program does not include submission of blank, standard, and

duplicate samples.

MINERAL RESOURCES & MINERAL RESERVES

• The assumptions, parameters, and methodology are appropriate for the style of mineralization.

• Scott Wilson RPA concurs with the Newmont April 30, 2006 mineral resource

estimate at the Holloway-Holt Project, i.e., measured plus indicated mineral resources totaling 4.0 million tonnes grading 7.4 g/t gold, for 963,000 ounces of contained gold, and inferred mineral resources of 1.2 million tonnes grading 7.3 g/t gold, for 270,000 ounces of contained gold.

• Mineral resources have been estimated according to the requirements of CIM

definitions and, in Scott Wilson RPA’s opinion, are compliant with NI 43-101. • Mineral reserves have not been reconciled to the actual tonnes and grade

processed. Generally, the processed grade has been approximately ten percent lower than the mineral reserve grade.


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EXPLORATION POTENTIAL

• The large land package (148 km²) on the historically prolific Destor-Porcupine Deformation Zone suggests excellent exploration potential.

• There are a number of areas requiring more exploration drilling in both mines.

These locations are detailed in Item 9 Mineralization. • There is potential to extend the known mineralized zones on Lightval and

Newmex property segments and at the Blacktop, Ghost, Pumphouse, and 42 E Zones.

• Conceptual targets based on work by Rhys (2005a, b), and described within this

report (Items 7, 9, 19), provide a good structural geology model for future exploration programs.

• From the Lightval property eastward, beyond the Blocktop and Pumphouse

Zones, there is unexplored gold potential in the footwall volcanic package, to the north of the correlative Lightning Zone volcanic package.

RECOMMENDATIONS ST ANDREW’S WORK PLAN

St Andrew plans to initiate a detailed analysis of the Holloway Mine as to the

optimum approach to reopen the Holloway Mine in an orderly manner upon closing the

acquisition of the Holloway Mining Company, a subsidiary of Newmont Canada. St

Andrew’s plan is to begin development and mining of the Blacktop deposit, previously

discovered by Newmont, and any other zones as determined from its analysis, starting in

late first quarter or early second quarter, 2007.

Currently, Newmont has 24 employees maintaining the Holloway and Holt facilities

on a care-and-maintenance status. These employees are engaged in maintaining the two

mines and related milling facilities in a dry and safe condition, maintaining compliance

with all environmental, safety and other governmental regulations, and other normal

activities to enable the placement of the facilities into production in an orderly manner.

St Andrew intends to continue this care-and-maintenance status while it develops detailed

plans to allow a production decision to be made for the Blacktop deposit and for any


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other zones. This process, including the implementation of such plans, is expected to

take up to six months.

St Andrew has begun the process to plan the above-mentioned planning activities.

Personnel have been assigned to review currently available data necessary to enable an

orderly translation of ownership and the implementation of plans for production.

Newmont care-and-maintenance employees are being interviewed by St. Andrew for

consideration for employment after the acquisition is complete.

Planning efforts include reviewing existing data, preparation of detailed development

plans including planning for needed delineation drilling and development drifting,

assumption of land management and environmental responsibilities, overall management

of the property and other normal items required for an orderly translation of ownership

and implementation of operations.

St Andrew’s budget for the implementation of initial plans leading to a production

decision is presented in Table 1-1.

TABLE 1-1 HOLLOWAY-HOLT PLANNING BUDGET St Andrew Goldfields Ltd. - Holloway-Holt Project

ITEM BUDGET

(C$) Care-and-Maintenance of Facilities 6 Mo @ $500,000/mo $ 3,000,000 Technical Studies related to property $ 500,000 Environmental Compliance $ 100,000 Management $ 150,000 Subtotal $ 3,750,000 Contingency @ 7% $ 250,000 TOTAL $ 4,000,000

Note: This budget does not include the cost of any underground development work or drilling.

Scott Wilson RPA has reviewed the St Andrew work plan and agrees with it,

including the proposed budget.


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OTHER RECOMMENDATIONS

• Subsequent diamond drill programs should incorporate an industry standard QA/QC program, including submission of blank, standard, and duplicate samples.

• Statistical analysis should be conducted to determine the appropriate grade cutting

level for mineral resources. • Subsequent diamond drill programs should incorporate bulk density testing. • There are existing geological compilations for the geology of the land package.

Appropriate time should be allotted to update and understand the compiled geological picture. The compilation will likely include relogging of diamond drill core from the various properties.

• Geological interpretation should be updated using the David Rhys structural

model as a guide. • Exploration targets should be prioritized and an exploration work plan and budget

prepared. The exploration program should comprise an appropriate combination of diamond drilling to extend existing resources as well testing new targets.

TECHNICAL SUMMARY

PROPERTY DESCRIPTION AND LOCATION The Holloway-Holt Project is located in northeastern Ontario. The property package

includes an irregularly shaped, east-west elongate assemblage of claims, patents, and

mining leases that more or less straddles Ontario Provincial Highway 101 East for 40 km,

beginning east of Matheson and extending to the Quebec border. The main assets, the

adjacent Holloway and Holt Mine properties, are centered approximately 45 km northeast

of Kirkland Lake and 52 km by road east of Matheson.

LAND TENURE The land package to be acquired by St Andrew comprises 48 separate property

elements totaling 837 claims distributed as 340 mineral claims, 219 leased claims, and

278 patented claims. The aggregate area is 15,172 ha. There are at least 16 different

property agreements with individuals or corporate entities. Titles to the leased and


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patented claims mostly include both surface and mineral rights. Included in the land

package is the Holloway-Holt mine and mill complex, a fully permitted underground

mining operation, currently on care and maintenance. Complete listings of property

information, including the requirements of third party agreements, are recorded in two

Appendices. All of the subject properties are maintained in good standing at the

discretion of the incoming owner, St Andrew Goldfields Ltd.

SITE INFRASTRUCTURE Site infrastructure includes two underground mines and a mill complex. There are

three fully operational shafts with hoists and a large inventory of ancillary equipment

including both track and trackless equipment plus surface backfill plants. The Holt mill

complex includes a large tailings storage facility consisting of four individual ponds.

HISTORY In 1922, gold was discovered on claims that became part of the Holt Mine property.

From that time until the late 1930s, Teddy Bear Valley Mines, Ltd. (Teddy Bear) carried

out an exploration program that included some underground development on claims that

are part of the Holloway Mine property. No further work was done until the mid-1980s

when Teddy Bear renewed exploration drilling on its claims and Noranda Exploration

Company Ltd. (Noranda) began drilling on adjacent claims. These new programs

encountered significant sericite-ankerite alteration and weak gold mineralization at depth,

in the top of what is now known as the Lightning Zone. Noranda then formed a joint

venture to earn an interest in the Teddy Bear property and, in July 1991, Hemlo Gold

Mines Inc. acquired Noranda’s interest in the Holloway project and surrounding claims.

The Holloway Joint Venture was formed in 1992 to fund, develop, and operate the two

properties as one mine. The initial underground program was in 1992 and a feasibility

study was completed in 1994. The mine went into full production on October 1, 1996.

That same year, Hemlo Gold Mines Inc. merged with Battle Mountain Gold Company.

In January 2001, Newmont merged with Battle Mountain Gold, and the Holloway Mine


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was operated by Newmont. In October of 2004, Newmont acquired the Holt-McDermott

Mill and Mine assets from Barrick Gold Corporation (Barrick) and thus controlled 100%

of the Holt-Holloway mines, assets, and land position. To the end of 2005, the Holloway

Mine had produced 0.91 million ounces of Au from 4.9 million tonnes grading 5.9 g/t Au.

The Holt-McDermott mine originates from a 1922 gold discovery by P.A. McDermott

in northwestern Holloway Township. Over the next four years, McDermott did some

trenching and limited drilling on the prospect. McDermott Gold Mines Ltd. was

incorporated and eventually ten contiguous claims were patented. A small drilling

program was carried out in 1937, but no further work was done until Sylvanite Gold

Mines Ltd. optioned the property in 1948-1950 and carried out more diamond drilling. In

1981, Camflo Mines Ltd. (Camflo) optioned the McDermott claims and staked a large

surrounding area. Through 1983, Camflo carried out exploration, drilled 53 holes, and

optioned the adjacent Worvest, Lenora, Canamax, and Newmex claims. In 1984, Barrick

(then Barrick Resources Corp.) amalgamated with Camflo and, by year end, 120 holes

had been drilled. By October 1985, encouragement was sufficient to begin an exploration

shaft to an initial depth of 420 m with development work on two levels. A production

decision was made in October 1986, and production at 1,400 tpd began in 1988. In

September 2004, the mine was shut down, having produced 1,324,620 oz gold from 7.4

Mt of ore grading 5.8 g/t Au. In October 2004, Newmont acquired the Holt-McDermott

Mill and Mine assets from Barrick.

On September 18, 2006, St Andrew entered into a definitive purchase agreement with

Newmont to acquire all of the shares of Newmont’s subsidiary, Holloway Mining

Company, which owns the Holloway-Holt gold mining and exploration assets. Newmont

ceased mining on April 28, 2006, and the Holloway-Holt Mine has been on care and

maintenance since that date.


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GEOLOGY AND MINERALIZATION The Holloway Mine lies within the Southern Abitibi Greenstone Belt (SAGB) of the

Superior Province of the Canadian Shield. In very general terms, the Abitibi Subprovince

is comprised of Late Archean metavolcanic rocks, related synvolcanic intrusions, and

clastic metasedimentary rocks, intruded by Archean alkaline intrusions and

Paleoproterozoic diabase dikes. The southern part of the Abitibi greenstone belt consists

of three major volcanic lithotectonic assemblages and two unconformably overlying,

primarily metasedimentary assemblages. From oldest to youngest, these assemblages are

the Stoughton-Roquemaure (2723 Ma–2720 Ma), the Kidd-Munro (2719 Ma–2711 Ma),

the Blake River (2704 Ma–2696 Ma), the Porcupine (2690 Ma-2685 Ma), and the

Timiskaming (2676 Ma-2670 Ma). The three oldest assemblages are all volcanic and, on

a belt scale, form a broad synclinorium cored by the Blake River assemblage.

The evolution of the SAGB in the region of the Holloway-Holt Project spans a period

of at least 60 Ma from approximately 2723 Ma to approximately 2660 Ma and includes

volcanism, sedimentation, deformation, and plutonism. After 2696 Ma, the tectonic

regime shifted from volcanic construction to that dominated by deformation, plutonism,

and erosion accompanied by development of localized basins. The Porcupine assemblage

(2690 Ma-2685 Ma) of turbidites and the Timiskaming assemblage of conglomerate and

sandstone (2676 Ma-2670 Ma) typically occur as narrow bands deposited unconformably

on older assemblages in proximity to the Destor-Porcupine Deformation Zone (DPDZ).

Spatially associated with the DPDZ are younger syntectonic intrusions (2680 Ma-2670

Ma) occurring as small stocks, dikes, and sills.

The deformation history of the area is defined by five events, D1 through D5, which

involved, variously, compression and extension. Broadly synchronous with the

syntectonic opening of the Timiskiming basins in dilational jogs was D3 folding that

resulted in significant left lateral slip movement along the DPDZ. Gold mineralization in

the Holloway-Holt area is interpreted to be early D3 in age.


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The 40 km long Holloway-Holt property package is a grouping of strategically

located claims straddling the DPDZ. The defining structural characteristic of the property

package and the most important feature from an economic geology viewpoint is the

DPDZ.

In a north-south transect across the properties, the oldest rocks are those of the lower

Kidd-Munro assemblage exposed north of the Holloway Mine. These are a north facing

sequence of felsic and mafic rocks in contact with the DPDZ on the south. On the south

side of the DPDZ is a multi-kilometre thickness of south facing, tholeiitic pillowed flows

of the lower Blake River assemblage. Between these relatively coherent stratigraphic

packages is the DPDZ, an east-west trending belt of deformed and interleaved clastic

sedimentary rocks with several bands of mafic and ultramafic volcanic rocks, all of which

are separated by multiple fault strands.

The DPDZ increases in width from a narrow, eastward thinning and structurally

emplaced band of clastic sedimentary rocks to the east of the Holloway Mine through a 1

km to 1.5 km package in Harker and Garrison townships, 20 km to the west. Other

important lithostructural elements in the region are several large alkalic plutonic bodies

that straddle the DPDZ. These intrusions may be the source of, or comagmatic with,

syenite and “albitite” dykes of Timiskaming age that are locally spatially associated with

gold mineralization in the area, as in the Holt Mine.

Both the Holloway and Holt Mines occur immediately adjacent to the DPDZ. Gold

mineralization at each mine comprises replacement carbonate-pyrite-albite-quartz

alteration that overprints mafic volcanic rocks in, and adjacent to, D3-D4 high strain

zones. Typical ore contains on average 5% to 10% clustered pyrite. Gold most often

occurs along the pyrite grain boundaries or, less often, along fractures in pyrite grains.

Gold grain sizes average 5 µ to 9 µ and visible gold is rare.


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The Holloway deposit is hosted by the 30 m to 150 m wide Holloway unit.

Mineralization occurs where a 200 m to 300 m wide corridor of east-northeast trending

D2-D3 high strain zones obliquely crosses the west-northwest trends of the Holloway

unit. The largest mineralized zone, the Lightning zone, comprises replacement

carbonate-quartz-albite-pyrite zones developed adjacent to and within the high strain

zones that overprint earlier formed albite-hematite alteration. Orebodies trend east-

northeast and plunge moderately to the southeast. Lightning Zone replacement

mineralization is overprinted by a stacked set of shallow dipping, semi-brittle faults.

These structures are partially filled with quartz vein systems, which has resulted in

upgrading of the older mineralization.

At the Holt Mine, mineralized zones are hosted by the McDermott shear zone, a 10 m

to 50 m thick, south-southeast dipping carbonate-chlorite +/- albite +/- sericite altered,

ductile D3-D4 shear zone. Mineralization typically occurs in its hanging-wall (south)

side as areas of fine-grained, massive to crudely banded grey replacement quartz-

carbonate-albite-pyrite that contain diffuse quartz veinlet networks with fine-grained

breccia fragments. Deformed, often mineralized, pink syenite dykes are present within

the McDermott shear zone, and are spatially associated with mineralized zones.

Mineralized zones at the Holt Mine display dual plunges to the east and west. Ore zones

are cut and offset by late, east-northeast trending brittle faults, notably the McKenna and

Ghostmount.

MINERAL RESOURCES AND MINERAL RESERVES Mineral resources are summarized in Table 1-2. There are no mineral reserves for the

Holloway-Holt Project.


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TABLE 1-2 MINERAL RESOURCE SUMMARY - APRIL 30, 2006 St Andrew Goldfields Ltd. - Holloway-Holt Project

Classification Tonnes Grade Cont. Gold ('000 t) (g/t) ('000 oz)Holloway Mine Measured 537 6.7 115 Indicated 500 8.9 144

Measured + Indicated 1,037 7.8 259 Inferred 477 6.3 97 Holt Mine Measured 191 8.1 50 Indicated 2,794 7.3 655

Measured + Indicated 2,985 7.3 704 Inferred 677 7.9 173Holloway + Holt Measured 728 7.0 165 Indicated 3,294 7.5 799

Measured+Indicated 4,022 7.4 963

Inferred 1,154 7.3 270 Notes: 1. CIM definitions were followed for Mineral Resources.

2. Mineral Resources were estimated at a marginal cutoff grade of 3.0 g/t Au and a block cutoff grade of 4.5 g/t Au.

3. Mineral Resources were estimated using an average long-term gold price of US$500 per ounce, and a US$/C$ exchange rate of 1.25. 4. A minimum mining width of 2.0 to 3.0 metres was used. 5. Columns may not add exactly due to rounding.


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MINING OPERATIONS Production from the Holloway Mine ceased in April 2006. Production from the Holt

Mine essentially ended in late 2004, with very minor production in 2005.

HOLLOWAY MINE

The Holloway Mine is accessed by a three-compartment, 5.5 m diameter shaft to a

depth of 867 m. A second access is available through an original 4.9 m diameter

exploration shaft, 441 m deep. The exploration shaft is now primarily used as an exhaust

raise and escapeway. Two internal ramp systems provide access to the mine workings.

Holloway is developed as a trackless mine. Stopes are mined using the longitudinal

retreat method. Typical stope widths range from 2 m to 15 m, with varying strike lengths

of 15 m to 95 m. Sublevel spacing is 25 m.

Stopes are backfilled with waste rock generated from development or with backfill

from the surface plant through a backfill raise. Cable bolt support is used for most stope

backs and recessed cables are installed in the hanging wall when necessary. Production

holes are 76 mm using electric/hydraulic drills. Ring patterns maximize vertical drilling

and extend to fans when needed. Emulsion is used as the principal blasting agent.

Production mucking is done primarily using remote control 7 yd.3 scooptrams. Ore is

dumped into an orepass system, crushed underground, and hoisted to surface where it is

loaded into trucks for transport to the Holt processing plant.

Fresh air is distributed to the mine using two internal ventilation raises. Return air is

exhausted through the ramps to the two shafts.

Numerous pieces of underground trackless equipment are on site.


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HOLT MINE The Holt Mine was a 460,000 tpa mining operation. The mine workings are accessed

via a 1,195 m deep rectangular four-compartment timber shaft. All underground

workings are accessed by track development from the shaft.

The mining method used was longhole stoping with delayed backfill. Stopes were

mined 12.5 m to 25 m wide, along strike, and 10 m to 30 m high. ANFO was used for

blasting. Broken ore was mucked from drawpoints and hauled to one of four internal ore

passes using 3.5 yd3 scooptrams. From the ore passes, ore was trammed to an

underground jaw crusher using 4.5 t rail cars. From there, crusher ore was shaft hoisted

to surface in 8.8 mt skips, via a loading pocket.

Numerous pieces of track and trackless equipment are on site.

MINERAL PROCESSING HOLLOWAY

There is no mineral processing plant at the Holloway operation. Over the years

Holloway ore has custom milled at the Holt, Macassa, Horne, St. Andrews, and Noranda

processing facilities.

HOLT MILL

The Holt mill was constructed in 1988, originally designed for a throughput of 1,360

tpd. Expansions in 1988 and 2001 increased the throughput to 2,500 tpd and 3,000 tpd,

respectively.

Surface ore storage totals of 4,900 tonnes in three silos. There is a grinding circuit,

two cyclone cluster circuits, a thickener, and a Carbon-in-Leach (CIL) circuit within the

plant facilities.


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Precious metal stripping is performed in batch. Carbon is transferred to an adsorption

column where a Zadra process is utilized as the gold elution method. Barren solution is

circulated through two shell and tube heat exchangers and a 360 kW electric inline heater.

The resulting pregnant solution is pumped from the solution tank to an electrowinning

cell. The gold precipitate is further refined using a 125 kW Inductotherm furnace.

ENVIRONMENTAL CONSIDERATIONS The Holloway Mine uses an Environmental Management System (EMS). Included in

this system is a regular review of the site environmental policies and procedures, the

potable water system, the mine water treatment and monitoring program, the hazardous

waste and recycling program, landfill management, and the permits/approvals review

processes.

The Holloway Mine reuses all the underground water in its milling process. This

results in zero effluent discharge to the environment from the Holloway Mine.

TAILINGS MANAGEMENT

There are four individual ponds; two tailing ponds, one sludge precipitate pond, and

one polishing pond. Within these facilities, there are 18 individual dam structures. There

is a total 465.4 ha of watershed area and 212 ha of tailings area within these facilities.

The remaining storage capacity is approximately 1.5 million tonnes.

These tailings facilities have had an excellent history of toxicity compliance.

CLOSURE PLAN HOLLOWAY

As part of the Holloway Mine development phase, a detailed technical Closure Plan

was submitted to government agencies as required under the Mining Regulations. The

mine received government approval of this Closure Plan in 1996. The estimated closure

cost is $5.8 million.


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HOLT The estimated closure cost for the Holt Mine is $6.7 million.

OPERATING COSTS A summary of operating costs for the past three years is presented in Table 1-3. Mine

production costs increased from 2004 to 2005 due to higher development costs.

TABLE 1-3 HOLLOWAY PRODUCTION COSTS St Andrew Goldfields Ltd. - Holloway-Holt Project

YTD March

Holloway Mine 2003 2004 2005 2006 (C$/t) (C$/t) (C$/t) (C$/t)

Mill Throughput (tonnes) 544,864 515,001 531,011 97,720 Mining 30.33 38.34 54.15 63.81 Milling 18.56 17.90 16.97 19.38 Surface Facilities 6.06 8.01 7.95 13.50 Administration 4.27 6.18 6.18 8.15 Total Production Costs 59.23 70.43 85.25 104.84

MANPOWER As of December 31, 2005, there were 183 people working at the Holloway-Holt site

operations. A summary of the on-site manpower, as of December 31, 2005, is presented

in Table 1-4.


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TABLE 1-4 HOLLOWAY MANPOWER St Andrew Goldfields Ltd. - Holloway-Holt

Project

Classification Supervisory Operating & Technical Staff Total

Mine 28 110 138 Mill 3 20 23 Environmental 1 1 HR & Safety 4 - 4 Administration 13 4 17 Total 48 135 183


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2 INTRODUCTION AND TERMS OF REFERENCE

Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) was retained by St.

Andrew Goldfields Ltd. (St Andrew) to prepare an independent Technical Report on the

Holloway-Holt Project (the Project), north of Kirkland Lake, Ontario. On September 18,

2006, St Andrew entered into a definitive purchase agreement with Newmont Capital

Limited, a wholly owned subsidiary of Newmont Mining Corporation (Newmont), to

acquire all of the shares of Newmont’s subsidiary, Holloway Mining Company, which

owns the Holloway-Holt gold mining and exploration assets located in the Timmins

Mining Camp and adjacent to and contiguous with St Andrew’s East Timmins Golden

Reward exploration properties. Newmont ceased mining on April 28, 2006, and the

Holloway-Holt Mine has been on care and maintenance since that date.

This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral

Projects. On April 10 through April 12, 2006, Barry Cook, James Pearson, and Wayne

Valliant of Scott Wilson RPA visited the property. Wayne Valliant paid a return visit to

the property on May 1 through May 5, 2006.

The Holloway-Holt Project comprises the fully permitted and operating Holloway

gold mine, the previously producing Holt Mine, an operating mill and tailings storage

facility, and a large and strategic land position in the area. Scott Wilson RPA has been

engaged to carry out an audit of the mineral resource estimates of the deposit and to

review and identify exploration potential in the 40 km long property package of the

Project.


2-2

SOURCES OF INFORMATION Site visits were carried out by Mr. Barry Cook, M. Sc., P.Eng, Associate Geologist,

Scott Wilson RPA, Mr. Wayne Valliant, P.Geo. Associate Geologist, Scott Wilson RPA,

and Mr. James Pearson, P.Eng., Associate Mining Consultant, Scott Wilson RPA.

Discussions were held with Newmont personnel from the Holloway-Holt Project:

• Mr. Luc Guimond, P.Eng., Mine Manager • Mr. Sylvain Picard, P.Eng., Chief Geologist • Mr. Ken Kryklywy, P.Eng., Senior Geologist • Mr. David Truscott, P.Geo., Senior Mine Geologist • Mr. Rick Alcock, Mine Geologist • Mr. Bob Kusins, P.Geo., Consulting Geologist • Mr. Michael Murphy, P.Eng., Chief Mine Engineer

Mr. Cook was responsible for the preparation of Items 1 through 14, plus 19 and 20.

Mr. Valliant prepared Item 17 and collaborated on Items 11 through 14, as well as 19 and

20. Mr. Pearson prepared Items 16 and 18.

The documentation reviewed, and other sources of information, are listed at the end

of this report in Item 21 References.


2-3

LIST OF ABBREVIATIONS Units of measurement used in this report conform to the SI (metric) system. All

currency in this report is Canadian dollars (C$) unless otherwise noted. μ micro (one-millionth) °C degree Celsius °F degree Fahrenheit μg microgram A ampere a annum bbl barrels Btu British thermal units C$ Canadian dollars cal calorie CFM cubic metres per minute cm centimetre cm2 square centimetre ct carat (0.2 grams) d day dia. diameter dmt dry metric tonne dwt dead-weight ton ft foot ft/s foot per second ft2 square foot ft3 cubic foot g gram G giga (billion) gal Imperial gallon g/l gram per litre g/t gram per tonne gpm Imperial gallons per minute gr/ft3 grain per cubic foot gr/m3 grain per cubic metre hr hour ha hectare hp horsepower in inch in2 square inch j joule k kilo (thousand) kcal kilocalorie kg kilogram km kilometre km/h kilometre per hour

km2 square kilometre kPa kilopascal kVA kilovolt-amperes kW kilowatt kWh kilowatt-hour l liter l/s litres per second m metre M mega (million) m2 square metre m3 cubic metre m3/h cubic metres per hour masl metres above sea level min minute mm millimetre mph mile per hour MVA megavolt-amperes MW megawatt MWh megawatt-hour opt, oz/st ounce per short ton oz troy ounce (31.1035g) oz/dmt ounce per dry metric tonne ppm, ppb part per million; billion psia pound per square inch absolute psig pound per square inch gauge s second st short ton stpa short ton per year stpd short ton per day t metric tonne tpa metric tonne per year tpd metric tonne per day US$ United States dollar USg United States gallon USgpm US gallon per minute v volt w watt wmt wet metric tonne yd3 cubic yard yr year


3-1

3 RELIANCE ON OTHER EXPERTS This report has been prepared by Scott Wilson Roscoe Postle Associates Inc. (Scott

Wilson RPA) for St Andrew Goldfields Ltd. The information, conclusions, opinions, and

estimates contained herein are based on:

• Information available to Scott Wilson RPA at the time of preparation of this report,

• Assumptions, conditions, and qualifications as set forth in this report, and • Data, reports, and other information supplied by St Andrew Goldfields Ltd. and

other third party sources.

For the purpose of this report, Scott Wilson RPA has relied on ownership information

provided by St Andrew Goldfields Ltd. Scott Wilson RPA has not researched property

title or mineral rights for the Holloway-Holt Project and expresses no legal opinion as to

the ownership status of the property.


4-1

4 PROPERTY DESCRIPTION AND LOCATION The Holloway-Holt Project is located in northeastern Ontario, adjacent to the Quebec

border. The property package involved stretches through NTS areas 42D9 and 42D12

and includes an irregularly shaped, east-west elongate assemblage of claims, patents, and

mining leases that more or less straddles Ontario Provincial Highway 101 East for 40 km,

beginning 32 km east of Matheson and extending to the Quebec border (Figures 4-1 and

4-3). The main assets, the adjacent Holloway and Holt Mine properties, are centered

approximately 45 km northeast of Kirkland Lake, 65 km northwest of Rouyn-Noranda,

and 52 km by road east of Matheson. The UTM coordinates for the Holloway headframe

are 592,505 E and 5,374,929 N. The relative location of the surface infrastructure,

mineralized zones, underground workings, and tailings disposal area are shown on Figure

4-2.

LAND TENURE The land package comprises 48 separate property elements totaling 837 claims

distributed as 340 mineral claims, 219 leased claims, and 278 patented claims. The

aggregate area is 15,172 ha. There are at least 16 different property agreements with

individuals or corporate entities. Titles to the leased and patented claims mostly include

both surface and mineral rights. Included in the land package is the Holloway-Holt mine

and mill complex.

Details of items normally displayed in this section are too numerous to record on a

few pages and are instead listed in Appendices at the end of the report. Appendix 1 is a

tabulation of the relevant claim information including type of mineral tenure, identifying

number, location, owner, nature of rights held, recording date, due date, annual work

required, and annual holding costs. Appendix 2 is a listing of the various third party

agreement requirements, almost exclusively royalty payments of various types.


4-2

All of the subject properties are maintained in good standing at the discretion of the

incoming owner, St Andrew Goldfields Ltd.

Hudson Bay

JamesBay

LakeOntario

LakeHuron

LakeSuperior

Lake

Mic

hig

an

Lake Erie

O N T A R I O

Manitoba

U. S. A.

Québec

BayThunder

LookoutSioux

Kenora

Pickle LakeRed Lake

MarieSte

Sault

Timmins

KirklandLake

Rouyn-Noranda

Val d’OrChapleau

Toronto

Ottawa

Sudbury

Windsor

North Bay

N

0 500

Kilometres

100 200 400300

October 2006

Holloway-Holt Project

Location Map

St Andrew Goldfields Ltd.

Northeastern Ontario

Figure 4-1

HOLLOWAY-HOLT

Matheson

Mattagami

Val-d'Or

Rouyn-Noranda

On

tario

Kirkland Lake

Timmins

Qu

éb

ec

Holloway-Holt

80

Kilometres

40200

101

11

SCOTT WILSON RPA

4-3

www.rpacan.comwww.scottwilson.com

101596,0

00

E

590,0

00

E

594,0

00

E

598,0

00

E

5,376,000 N

5,374,000 N

5,372,000 N

5,376,000 N

5,374,000 N

5,372,000 N

5,370,000 N

0 500 2000

Metres

1000 1500

N

October 2006 Source: Newmont Capital, 2006.

Site Plan

Holloway-Holt ProjectNortheastern Ontario


Figure 4-2

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672

101Matheson

Duparquet

5,385,000 N

5,380,000 N

5,375,000 N

5,370,000 N

5,365,000 N

5,360,000 N

610,0

00

E

605,0

00

E

600,0

00

E

595,0

00

E

590,0

00

E

585,0

00

E

580,0

00

E

575,0

00

E

570,0

00

E

Marriott TwpHolloway TwpHarker TwpGarrison TwpMichaud Twp

Barnet Twp

Stoughton Twp

Qu

éb

ec

On

tario

Frecheville TwpLamplugn TwpRand TwpI.R. 70

McCool Twp (Indian Reserve)

Elliott Twp Tannahill Twp Dokis Twp

Ben Nevis TwpClifford TwpMelba Twp PontiacTwp

Thackeray Twp

Bisley Twp

Stoughton Option

Gldn Hwy

Moneta

Moneta

Gldn Hwy

Harker West

Thackery Creek

Gldn Hwy

Harker West

Lightval

Tananger

Gldn Hwy

Gldn Hwy / Moneta

Canamax 49-04

Stoughton / StazCanamax 49-05

Canamax 10-42

BG - Mattawasaga

BG - McDermott

BG - Barrick McDermott

BG - Cahill

BG - Worvest

BG - Worvest

BG - Three Star

Canamax 10-45

Canamax 10-31

BG - Tailings

Canamax 10-46a

Garrison Patents

Canamax 10-08Canamax 13-23Canamax 013

Canamax 10-39a

Canamax 10-39bCanamax 10-39

Canamax 10-31

BG - West Block

BG - Canamax

BG - Newmex

BG - Manville

BG - Lenora

Teddy Bear

BG - Goldcorp

FN Holloway

BG - Barrick EastHarker Patents

Tanager Creek

Canamax 10-28

46b

46a

Canamax 10-42aHolloway 3

BG - Polishing Pond (SRO)

Holloway 1

Canamax 10-25

Canamax 49-02Marriott Pat

Holloway 2 Pat

Holloway Wedge

FN Holloway

Harte Gold(Frenchville)(Some, New Harker Leases)

(Medlee Patents)

Canamax 10-46b

Harte Gold(Canamax 10-46d)

(Canamax 10-46c)

Canamax 10-47

LightvalPatents

Eastern ClaimsDessureault Claims

FN - Card Lake

FN - OPolishing Pond (MR )

Patents

Holt McDermott

Holloway

0 2 10

Kilometres

4 6 8

N

Holt McDermott Properties

Legend:

Canamax Properties

Mine Shaft

Holloway Properties

Holt McDermott -Holloway Properties

Other Properties

October 2006 Source: Newmont Capital, 2006.

Property Location



Figure 4-3

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5-1

5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ACCESSIBILITY

The Holloway-Holt property is located in the District of Cochrane, 52 km east of

Matheson on Highway 101 East and 64 km by road northeast of Kirkland Lake via

Highway 66 and provincial road 672. To reach the property from Toronto, there are daily

scheduled flights to Timmins, which is 126 km by road west of the property. From

Montreal, there are daily scheduled flights to Rouyn-Noranda, which is 96 km by road

east of the property. Access to various parts of the property package can be achieved by

various bush roads and logging roads that join Highway 101. In the summer months,

these roads are normally passable. The Ontario Northland Railway goes through the

town of Matheson, as does Highway 11, the Trans-Canada Highway.

CLIMATE The climate in the area of the subject properties is typical continental, with extreme

seasonal variations. From May through September, mean temperatures range from 9º C

to 17º C, with occasional daily highs in excess of +30º C. In the main winter months of

December through March, mean temperatures range from -7º C to -16º C, however, there

can be short periods of -20º C to -30º C. Annual precipitation amounts to approximately

874 mm, with 66% of this occurring as rain. From December through March, there will

average at least 50 cm snow on the ground. In this area, winter conditions can be

experienced from October through April.

LOCAL RESOURCES Located in the southern Abitibi greenstone belt, the Holloway-Holt property package

occurs in an area which, from Timmins in the west to Rouyn-Noranda in the east,


5-2

contains some of the world’s largest copper-zinc and gold deposits. There has been metal

mining in this greenstone belt for over ninety years, resulting in a host of mining

suppliers and contractors established in the larger centres such as Timmins, Kirkland

Lake, and Rouyn-Noranda. Skilled professionals and labour can be found locally, and

the Holloway Mine employs people from 20 surrounding communities in Ontario and

Quebec.

Water is plentiful in the area and can be sourced from rivers and small lakes. An

electric power line connects the mine property to the provincial power grid connecting

Kirkland Lake and Larder Lake.

INFRASTRUCTURE HOLLOWAY MINE

The following equipment and infrastructure is included as part of the Holloway

operating mine.

• Surface facilities include two headframes, a compressor building, an office complex, a warehouse, and shop buildings.

• The production hoist is a refurbished 1957 Ingersoll Rand, 3.7 m diameter,

double drum hoist, powered by one 932 kW motor. This hoist operates with a cage (capacity 15 people) and two 10 t skips, with the cage mounted below the skip on one side.

• Compressed air is supplied underground by four Atlas Copco GA315W twin

screw compressors. The total supply capacity is 2.12 m³/s at a nominal discharge pressure of 8,568 kg/m² (105 psi).

• The ventilation plant supplies fresh heated air to the underground workings.

The ventilation fans are 2.4 m diameter fixed blade Joy fans, driven by two variable speed 373 kW motors. The total capacity of the ventilation system is 212 m³/s. Six vertical propane direct fire heaters can provide up to 40 million BTU per hour of heat underground.

• An automated surface cemented backfill mixing plant supplies slurry to the

underground workings.


5-3

• The Holloway electrical substation is equipped with two matched 115,000 V to 4,160 V step down transformers, a primary circuit interrupter, and a 5 kV switchgear. This substation includes a tie breaker, which allows the plant to be operated from one transformer, and a 540 kW generator, which can operate essential services such as pumping and heating.

• A leaky feeder communication system for the underground mine, the shaft,

and surface. Communication facilities include site wide two-way radios, underground and surface paging phones, digital and analog telephone service to offices and specific areas underground, and a cellular satellite phone for the security staff.

• The mine dewatering system consists of a mine wide system of sumps, an

underground settling conical sump, two pump stations, and a settling pond on surface.

HOLT MINE

The following equipment and infrastructure is included as part of the Holt facilities.

• Surface facilities include a headframe, a compressor building, a mineral processing plant, an office complex, a warehouse, and shop buildings.

• The production hoist is a Canadian Ingersoll Rand 120”x72” double drum

single clutch hoist powered by a 1350 Hp DC motor, complete with a1800 Hp MG set. This hoist operates with a 15 man single deck cage and two eight tonne front dump skips. The hoisting compartments consist of a cage under skip with counterweight. The hoisting distance is 4,000 ft. with a rope diameter of 1.5 in. The production rate is 170 t per hour from the 1145 m level loading pocket.

• The Holt timber shaft was sunk to a depth of 1,195 m from surface. It has

three compartments from surface to the 350 m level and four compartments to the 1195 m level.

• The compressor plant consists of four Sullair Rotary Screw Compressors

having a total output of 6,450 CFM. • The surface backfill plant consists of one 90 t fly ash silo, one 90 t cement

silo, screw conveyors, batch tank, pumps, compressors, and controls. • The mine ventilation system consists of two fresh air raises (FAR) and two

exhaust raises.


5-4

• The surface electrical substation consists of a Megawatt transformer with switchgear and associated electrical equipment. There is a spare 25 MW transformer.

• There is an Allis Chalmers Type A-1 36x48 jaw crusher underground. • The mine dewatering system includes one 30 hp shaft bottom submersible

pump, one Geho ZPM-600 piston diaphragm 150 hp pump, and two MH-50 – 80/10 horizontal jet 200 hp pumps.

PHYSIOGRAPHY Topography in the Project area is gently rolling, with average relief of approximately

40 m, in contrast to the range of hills a few kilometres to the north that have elevations

ranging up to 200 m to 300 masl. The area is reasonably well drained by creeks and

small rivers, but there are numerous small swamps and marshy areas. Outcrop is limited

due to an extensive blanket of overburden, mostly sand with lesser amounts of clay.

Overburden depths can range from 5 m to 10 m although dramatically thicker amounts

have been encountered. The northerly trending Munro Esker overlies the western third of

the property package.

The area is located within the Boreal Shield Ecozone. Forest cover is normally thick

and dominantly coniferous, with black spruce and jack pine the commonest species, with

lesser stands of poplar and birch. Current cover is second and third growth as a result of

logging operations and forest fires.


6-1

6 HISTORY Because of the duality of original ownership of the Holloway and Holt mining

operations, they will be treated separately in this section.

HOLLOWAY In 1922, gold was discovered on claims adjacent to the current property. From that

time until the late 1930s, Teddy Bear Valley Mines, Ltd. (Teddy Bear) carried out an

exploration program that included some underground development. This work did not

generate any interest in the property. In the mid-1980s, Teddy Bear renewed its

exploration drilling on their claims and Noranda Exploration Company Ltd. (Noranda)

began drilling on adjacent claims. These new programs encountered significant sericite-

ankerite alteration and weak gold mineralization at depth.

In 1988, drill holes from both properties intersected the upper portion of the deposit,

now known as the Lightning Zone, which tops out at approximately 150 m below surface.

Noranda then formed a joint venture to earn an interest in the Teddy Bear property. In

July 1991, Hemlo Gold Mines Inc. (Hemlo) acquired Noranda’s interest in the Holloway

project and surrounding claims. The Holloway Joint Venture was formed in 1992 to

fund, develop, and operate the two properties as one mine.

The underground validation program in 1992 included a 441 m exploration shaft,

25,600 m of additional diamond drilling, and an 8,500 t bulk sample to study the ore

metallurgy. A feasibility study completed in 1994 moved the property ahead into the

production-development phase. A total of $55 million was committed to build the

surface and underground infrastructure. The mine went into full production on October

1, 1996. That same year, Hemlo Gold Mines Inc. merged with Battle Mountain Gold

Company. In January 2001, Newmont merged with Battle Mountain Gold, and the

Holloway Mine was operated by Newmont Canada Limited. In October of 2004,


6-2

Newmont acquired the Holt-McDermott Mill and Mine assets from Barrick Gold

Corporation (Barrick) and thus controlled 100% of the Holt-Holloway mines, assets, and

land position. To the end of December 2005, the Holloway Mine had produced 0.91 Moz

of Au from 4.9 Mt grading 5.9 g/t Au.

HOLT-MCDERMOTT In 1922, P.A. McDermott discovered gold in northwestern Holloway Township and,

over the next four years, did some trenching and limited drilling on the prospect.

McDermott Gold Mines Ltd. was incorporated and eventually ten contiguous claims were

patented. A small drilling program was carried out in 1937, however, no further work was

done until Sylvanite Gold Mines Ltd. optioned the property in 1948-1950 and drilled 11

holes totaling 925 m along 76 m of strike. In 1950, McDermott Gold Mines Ltd. became

McDermott Mines Ltd.

In 1981, Camflo Mines Ltd. formally optioned the McDermott claims and staked a

large surrounding area. Through 1983, Camflo carried out exploration, drilled 53 holes,

and optioned the adjacent Worvest, Lenora, Canamax, and Newmex claims. In 1984,

Barrick (then Barrick Resources Corp.) amalgamated with Camflo and, by year end, 120

holes had been drilled. By October 1985, encouragement was sufficient to begin an

exploration shaft to an initial depth of 420 m, with development work on two levels. A

production decision was made in October 1986, and production at 1,400 tpd began in

1988. In September 2004, the mine was shut down, having produced 1.37 Moz Au from

7.4 Mt of ore grading 5.9 g/t Au. In October of 2004, Newmont acquired the Holt-

McDermott Mill and Mine assets from Barrick.

EXPLORATION HISTORY OF THE PROPERTY PACKAGE Mineral exploration and development on and around the subject properties began with

prospecting around 1918 and continues to this day through episodes of exploration and

occasional production. The initial and very general geological map of the area was


6-3

produced by the Ontario Bureau of Mines in 1909. This was followed with better detail

in the reconnaissance mapping of the Abitibi-Night Hawk gold area in 1918. Prospecting

and exploration in the various local townships began in earnest thereafter and continued

through the 1940s, with occasional underground programs and minor local production

mostly from surface workings. Interest in the area was greatly accelerated in 1944-1945,

when it was demonstrated that the Destor-Porcupine fault zone traversed the area.

Significant production has only been in recent times from the Holloway and Holt-

McDermott mines

The current land package, more recently known as the Golden Highway property,

extends 40 km along Highway 101 east from eastern McCool and Michaud townships,

through Garrison, Harker, and Marriott townships to the Quebec border. Apart from the

main Holloway and Holt-McDermott properties, the bulk of the remaining holdings

derives from claim packages assembled over the years by Noranda Exploration Company

Limited (Noranda), Canamax Resources Inc. (Canamax), and Lightval Mines Limited

(Lightval). The Golden Highway – Moneta claim blocks in Garrison, Holloway, and

Marriott Townships were originally staked by the Noranda associate company, Mining

Corporation. In 1945, Moneta Porcupine Gold Mines entered into an agreement with

Noranda and subsequently attained a 40% interest in the property. Work completed

included prospecting, magnetic surveys, and a total of 13 holes drilled mostly on the

Garrison Township claims. In 1980, Noranda completed more work on the Garrison

block and drilled one hole to test an EM anomaly. Canamax entered into an agreement

with Noranda-Moneta in 1983, and between 1984 and 1988 completed extensive

geophysics and drilling on the Moneta properties.

Much of the Golden Highway property was assembled in the mid-1980s through

staking and work options by Rosario Resources, subsequently Canamax. In January

1990, Noranda entered into an option agreement with Canamax covering 411 patented,

unpatented, and leased mining claims. In mid-1991, Noranda assigned its rights to earn

an interest in the properties and operatorship to Hemlo. In January 1993, Canamax


6-4

amalgamated with Canada Tungsten Mining Corp. and Minerex Resources Ltd. to form

Canada Tungsten Inc. (Canada Tungsten). In late 1996, Canada Tungsten merged with

Aur Resources and, at the time, Aur had a 50% interest in the joint venture properties. In

January 1996, Hemlo became vested as a 50/50 joint venture partner after having fulfilled

all the required work commitments and having made all the necessary option payments.

In July 1996, Hemlo merged with Battle Mountain Gold Company and the Golden

Highway assets were vested in Battle Mountain Canada Ltd. (BMC). Battle Mountain

Gold subsequently merged with Newmont Mining Corporation in January 2001 and the

BMC interests were transferred to Newmont.

The 60 claim Lightval property was under option to Newmont Mines Limited

(Canada) in 1986-1989 and Noranda in 1989-1992, but was ultimately acquired by

Newmont through a 1999 option agreement. As noted previously, Newmont acquired the

Holt-McDermott mill and mine assets from Barrick in October of 2004. St Andrew now

effectively controls the mineral rights to the Golden Highway property with Lightval,

Aur, and Barrick, and a number of other original property holders in the area are now

reduced to modest royalty interests in various property elements.

Throughout the period described above, a variety of conventional exploration

techniques were employed to investigate the gold potential of the various properties.

Considerable ground geophysics was done, mostly magnetometer and IP surveys. Soil

and humus sampling for gold was done locally and trenching was attempted in certain

areas of shallow overburden. The most useful and definitive exploration procedure,

however, was diamond drilling and core assaying. This was the only way that altered, and

gold-mineralized zones were located and delineated.

Within the existing property package, the most encouraging exploration results have

been fairly close to the Holloway and Holt-McDermott Mines. Immediately west of

Holloway, the Lightval property offers promise of Lightning Zone-type mineralization.

Adjoining Lightval on the south is the Newmex ground, which has encouraging gold


6-5

values in a possible splay off from the McDermott shear zone. Within two kilometres to

the east of both mines, there is a cluster of prospects, including Blacktop, the most

advanced, along with Pumphouse, 42 E, and Ghost. Each prospect mentioned requires

more exploration work.


7-1

7 GEOLOGICAL SETTING REGIONAL GEOLOGY

The Holloway Mine lies within the southern Abitibi greenstone belt (SAGB) of the

Superior Province in northeastern Ontario (Fig. 7-1). In very general terms, the Abitibi

Subprovince is comprised of Late Archean metavolcanic rocks, related synvolcanic

intrusions, and clastic metasedimentary rocks, intruded by Archean alkaline intrusions

and Paleoproterozoic diabase dikes. The traditional Abitibi greenstone belt stratigraphic

model envisages lithostratigraphic units deposited in autochthonous successions, with

their current complex map pattern distribution developed through the interplay of

multiphase folding and faulting (Heather, 1998).

At a regional scale, the distribution of supracrustal units in the SAGB is dominated by

east-west striking volcanic and sedimentary assemblages. The structural grain is also

dominated by east-west trending Archean deformation zones and folds. The regional

deformation zones commonly occur at assemblage boundaries and are spatially closely

associated with long linear belts representing the sedimentary assemblages. The

dominant regional fault in this area is the Destor-Porcupine, hereafter referred to as the

Destor-Porcupine Deformation Zone (the DPDZ). The current locations of these regional

deformation zones are interpreted to be proximal to the locus of early synvolcanic

extensional faults. Belt scale folding and faulting was protracted and occurred in a

number of distinct intervals associated at least in the early stages with compressive

stresses related to the onset of continental collision between the Abitibi and older

subprovinces to the north (Ayer et al., 2005). Throughout the history of the Abitibi

Subprovince, there was repeated plutonism defined by three broad suites: 1) synvolcanic

plutons, 2) syntectonic intrusions that range in age from 2695 Ma to 2680 Ma and include

tonalite, granodiorite, syenite, and granite, and 3) post tectonic granites that range in age

from approximately 2665 Ma to 2640 Ma (Ayer et al., 1999).


7-2

The southern part of the Abitibi greenstone belt, in the general vicinity of the

Holloway-Holt Project, consists of three major volcanic lithotectonic assemblages and

two unconformably overlying primarily metasedimentary assemblages (Ayer et al.,

2002). From oldest to youngest, these assemblages are the Stoughton-Roquemaure (2723

Ma–2720 Ma), the Kidd-Munro (2719 Ma–2711 Ma), the Blake River (2704 Ma–2696

Ma), the Porcupine (2690 Ma-2685 Ma), and the Timiskaming (2676 Ma-2670 Ma). The

three oldest assemblages are all volcanic with plume, island arc and rifted island arc

affinities, have conformable contacts, and were developed by volcanic construction in

variably extension to compression tectonic environments. On a belt scale, these form a

broad synclinorium cored by the Blake River assemblage.

5,380,000 N

5,370,000 N

5,360,000 N

600,0

00

E

590,0

00

E

580,0

00

E

570,0

00

E

Marriott Twp

Holloway TwpHarker TwpGarrison Twp

Michaud Twp

Barnet Twp

Stoughton Twp

Qu

éb

ec

On

tario

Frecheville Twp

Lamplugn TwpRand Twp

I.R. 70

McCool Twp

(Indian Reserve)

Elliott Twp Tannahill Twp Dokis Twp

Clifford TwpMelba Twp

Thackeray Twp

Bisley Twp

Holt McDermott

Outline of NCL Property Holding

Holloway

PIPESTONE

ARROW FAULT

FAULT

DESTOR-PORCUPINE DEFORMATION ZONE

GHOSTMOUNT FAULTD

PD

Z

Lake AbitibiLake Abitibi

McDiamid

Wagoshi

Ghost

Lake

Lake

L.

Lake

L.

Timiskaming Sedimentary Rocks

Legend:

Blake River Upper Unit

Porcopine Sedimentary Rocks

Blake River Lower Unit

Kidd-Munro Upper Unit

Abitibi Assemblages

Kidd-Munro Lower Unit

Stoughton-Roquemaure

Intrusive - Syntectonic

Tisdale Lower Unit

Archean Fault Synform, Antiform

Intrusive - Synvolcanic mafic to ultramafic 0 2 10

Kilometres

4 6 8

N

October 2006Source: Ontario Geological Survey, Misc. Release-Data 155, 2006.

Regional Geology



Figure 7-1

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LOCAL GEOLOGY

The evolution of the SAGB in the region of the Holloway-Holt Project spans a period

of at least 60 Ma from approximately 2723 Ma to approximately 2660 Ma and includes

volcanism, sedimentation, and plutonism. All rocks are at greenschist to upper

greenschist grade of metamorphism. The oldest rocks in the area are the Stoughton-

Roquemaure assemblage (2723 Ma–2720 Ma), which consists of thick magnesium and

iron-rich tholeiitic basalt sequences with localized komatiites and felsic volcanic units.

These are overlain by the Kidd-Munro assemblage rocks (2719 Ma–2711 Ma) which

have been subdivided into two distinct suites: 1) an upper tholeiitic to komatiitic portion

which consists of komatiites, magnesium and iron-rich tholeiites and 2) a lower calc-

alkaline portion consisting of intermediate to felsic pyroclastic rocks. These are in turn

overlain by the Blake River assemblage (2704 Ma–2696 Ma) comprised of calc-alkaline

mafic to felsic volcanic rocks in the Ontario portion of the assemblage, but also including

tholeiitic basalt and FIII rhyolite in Quebec.

After 2696 Ma, the tectonic regime shifted from volcanic construction to that

dominated by deformation, plutonism, and erosion accompanied by development of

localized basins infilled by sedimentary and volcanic rocks (Ayer et al., 2005). The

Porcupine assemblage (2690 Ma-2685 Ma) consists predominantly of wacke, siltstone,

and mudstone displaying Bouma sequence subdivisions indicating predominantly distal

deposition by turbidity currents (Born, 1995). The bulk of the Porcupine assemblage

turbidites may represent distal sedimentation related to early faulting. Contact relations

imply that the Porcupine assemblage basal contact is conformable with the Blake River

assemblage in some localities, but unconformably overlying older assemblages in other

parts of the Abitibi greenstone belt.

The Timiskaming assemblage (2676 Ma-2670 Ma) typically occurs as a narrow band

of clastic sedimentary rocks deposited unconformably on older assemblages in proximity

to the DPDZ. The assemblage consists of polymictic conglomerate and sandstone


7-5

deposited in subaerial alluvial-fan, fluvial, and deltaic environments (Born, 1995). The

Timiskaming assemblage may represent proximal sedimentation in a half graben

environment related to late stage reactivations along crustal-scale fault systems. Coeval

with the Timiskaming assemblage and spatially associated with the DPDZ are younger

syntectonic intrusions (2680 Ma-2670 Ma) occurring as small stocks, dikes, and sills.

The deformation history of the area is defined by five events. The earliest episode of

regional D1 deformation (compression and extension) predated the Porcupine angular

unconformity at 2690 Ma. The D2 event (compression and extension) postdated the

Porcupine assemblage and resulted in localized folding and thrusting and early south-side

up, dip-slip, ductile deformation on regional deformation zones. Broadly synchronous

with the syntectonic opening of the Timiskiming basins in dilational jogs was D3 folding

that resulted in significant left lateral slip movement along the DPDZ. The D4 folding

event created synclines within the Timiskaming assemblage rocks and right-lateral strike-

slip displacement along the DPDZ. The D4-D5 event represents the final stage of

transpressional deformation along the DPDZ (Ayer et al., 2005).

Gold mineralization in the Holloway-Holt area is interpreted to be early D3 in age.

Lightning Zone replacement mineralization is cut by an intermineral dike with an age of

2671.5 ± 1.9 Ma, which is overprinted by a later auriferous quartz-carbonate veining

event (Ropchan et al., 2002). The bulk of the gold in the Timmins area was related to late

D3 events.

PROPERTY GEOLOGY

The 40 km long, mostly contiguous Holloway-Holt property package is a grouping of

strategically located claims straddling the DPDZ midway along its 260 km length. The

defining structural characteristic of the property package and the most important feature

from an economic geology viewpoint is the DPDZ, around which a multitude of gold

showings and prospects are clustered. The Holloway and Holt Mines are located


7-6

opposite each other, approximately one kilometre apart, on the north and south sides of

the DPDZ, respectively (Figure 7-2). Because of the availability of detailed information

on a north-south strip through the two mines, the property geology will be based on the

description of this area. While the general stratigraphic and structural relationships may

be more or less similar throughout the St Andrew property package, it must be recognized

that there will be significant differences in local detail. For an overview of the geology

through this area refer to Jensen (1978) and Satterly (1949, 1952, 1954). For property-

scale geological information and technical insight, this report draws heavily on the

excellent reporting by Rhys (2005a, b).

With reference to the north-south transect, the oldest rocks in the package are those of

the lower Kidd-Munro assemblage (2719 Ma-2717 Ma) exposed north of the Holloway

Mine (Figure 7-2). These are a north facing sequence of felsic and mafic rocks in contact

with the DPDZ on the south. Interestingly, the mafic and ultramafic rocks along the

north side of the DPDZ may belong to the upper Kidd-Munro assemblage. On the south

side of the DPDZ is a multi-kilometre thickness of south facing, tholeiitic pillowed flows

of the lower Blake River assemblage (2704 Ma-2701 Ma), formerly known as the

Kinojevis assemblage. Between these relatively coherent stratigraphic packages is the

DPDZ, an east-west trending belt of deformed and interleaved clastic sedimentary rocks

with several bands of mafic and ultramafic volcanic rocks, all of which are separated by

multiple fault strands. There are at least two segments of age-dated Porcupine-type

turbidites and one of Timiskaming conglomerate and sandstone within the deformation

zone. The generally south facing nature of these sedimentary units splayed into the older

Blake River assemblage to the south, and the intercalation of slivers of the older volcanic

assemblages within the sedimentary units require the presence of dramatic fault

displacements at or near contacts within the DPDZ to allow the structural imbrication of

these lithologies (Rhys, 2005a).

The DPDZ increases in width from a narrow, eastward thinning and structurally

emplaced band of clastic sedimentary rocks in Marriott and eastern Holloway townships


7-7

to the east of the Holloway Mine, through a 1 km to 1.5 km package in Harker and

Garrison townships, 20 km to the west (Figure 7-1 above). In western Garrison township,

the fault system bifurcates into multiple strands where it bends to the left (southwest),

splitting into the Arrow and Pipestone faults. A similar split into a series of east-

northeast trending faults also occurs east of the Holt Mine, where east-northeast trending

fault segments splay southward into the Blake River assemblage. At the scale of the

Abitibi Greenstone belt, the DPDZ and other major fault systems frequently display a

similar splitting pattern at bends along their strikes, in a pattern consistent with formation

as extensional duplex structures. Such settings host most of the major gold deposits in

the Timmins, Kirkland Lake, and Larder Lake districts (Rhys, 2005a).

Rhys (2205a), based on aeromagnetic patterns and the location of known alteration-

high strain zones, interprets at least three other east-northeast trending shear zones

between the Ghostmount Fault and the Holloway Mine to the north (Figure 7-3).

Other important lithostructural elements in the region include the presence of several

large alkalic plutonic bodies that straddle the DPDZ west of Holloway, and which are

faulted into segments across strands of the fault system. The largest of these is the

Garrison stock (Figure 7-1), dated at 2678 +/ 2 Ma (Corfu et al., 1991), an age

approximately coeval with the development of the late sedimentary basins of the

Timiskaming assemblage. These intrusions may be the source of, or comagmatic with,

syenite and “albitite” dykes of Timiskaming age that are locally spatially associated with

gold mineralization in the area, as in the Holt Mine.

Gold mineralization at the Holt and Holloway Mines comprises replacement

carbonate-pyrite-albite-quartz alteration that overprints mafic volcanic rocks in, and

adjacent to, D3-D4 high strain zones (Figure 7-2). The Holloway deposit is hosted by the

30 m-150 m wide Holloway unit, a south dipping band of Fe-tholeitic mafic volcanic

rocks that is bounded to the south and north by south facing turbiditic sedimentary rocks

and komatiitic ultramafic volcanic rocks, respectively. Mineralization occurs where a


7-8

200 m to 300 m wide corridor of east-northeast trending D2-D3 high strain zones

obliquely crosses the Holloway unit, resulting in a deflection in its strike to east-northeast

trends, from east to west-northwest trends that are more typical at the property scale

(Rhys, 2005a).

Lightning zone mineralization comprises replacement carbonate-quartz-albite-pyrite

zones developed adjacent to and within the high strain zones that overprint earlier formed

albite-hematite alteration that preferentially replaces variolitic flow units. Orebodies trend

east-northeast. First order plunge of the Lightning Zone is moderately to the southeast.

Second order steeply plunging ore shoots correspond to the intersection line of high strain

zones with the Holloway unit. Lightning Zone replacement mineralization is overprinted

by a stacked set of shallow dipping, semi-brittle faults, with top to north-northwest

displacements of up to 100 m, which cause segmentation of the Holloway unit and offset

of earlier Lightning Zone ore shoots. These structures are partially filled with quartz vein

systems, and are coeval with a set of moderate to shallow north-northwest dipping quartz

extension veins that are developed at a high angle to the stretching lineation. There has

probably been an upgrading of the older mineralization by the veining event (Rhys,

2005a).

At the Holt Mine, mineralized zones are hosted by the McDermott shear zone, a 10 m

to 50 m thick, south-southeast dipping carbonate-chlorite +/- albite +/- sericite altered

ductile D3-D4 shear zone, which, in turn, is hosted by otherwise massive, low strain

mafic volcanic rocks. Mineralization typically occurs in its hanging-wall (south) side as

areas of fine-grained, massive to crudely banded grey replacement quartz-carbonate-

albite-pyrite that contain diffuse quartz veinlet networks with fine-grained breccia

fragments. Deformed, often mineralized, pink syenite dykes are present within the

McDermott shear zone, and are spatially associated with mineralized zones. Mineralized

zones at the Holt Mine display dual plunges: a) moderate to steeply east and b) alignment

along shallow west plunging axes, parallel to the plunge line of dip changes in the

McDermott shear zone. Several of the largest mineralized zones are developed adjacent


7-9

to areas of graphitic mudstone, where it occurs in the footwall of the McDermott shear

zones. Ore zones at the Holt Mine are cut and offset by late, east-northeast trending brittle

faults, notably the McKenna and Ghostmount Faults (Rhys, 2005a).

Shaft #2Shaft #3

Destor-Porcupine Deformation Zone

Ho

llo

way

Un

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Kidd-Munro Assemblage

October 2006 Source: Panterra Geoservices Inc., 2005.


Holloway - Holt - McDermottSchematic Section

(Looking West)



Figure7-2

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October 2006

Holloway - Holt McDermott area, showing potential positions of D3-D4 high strain zones and otherstructures, with possible Au targets in red. Note shear zones locations will need field verification, andapart from the McDermott shear zone, and those developed at Holloway, have not been verified, andon this diagram represent only hypothetical locations based on geometry of lithologic units, and alteredplanar zones reported in drill core but not verified as shear zones. (Rhys, 2005a)

Source: Newmont Canada Limited, 2006.


Holloway - Holt - McDermott

Compilation



Figure 7-3

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8 DEPOSIT TYPES In the broadest sense, the exploration target is an Archean-aged, orogenic,

mesothermal gold deposit. This class of deposit is characteristically associated with

deformed and metamorphosed mid-crustal blocks, particularly with a spatial association

with large-scale compressional to transpressional structures. The important periods of

Precambrian orogenic gold deposit formation were circa 2.8 Ga – 2.55 Ga and 2.1 Ga –

1.86 Ga (Goldfarb et al., 2001).

In the Superior province, gold deposits are hosted mainly by supracrustal sequences

and coeval intrusions. The majority of deposits occur within, or immediately adjacent to,

greenstone belts, commonly in spatial association with crustal-scale fault zones along

major lithological boundaries. Rocks around these deposits have undergone greenschist-

to lower-amphibolite-grade metamorphism. Most districts hosting these deposits have

experienced a similar deformation history recorded in three generations of structures and

related fabrics. The gold deposits show a range of ore styles from quartz vein to

disseminated sulphide to massive sulphide (Poulsen et al., 2000).

At Holloway-Holt, the gold mineralization is quite unlike the classical Superior

province auriferous quartz vein systems resulting from deformed, extensional fracture

arrays. Rather, it is associated with disseminated sulphides in altered rock, sometimes

described as replacement mineralization. Orebodies typically consist of moderately to

steeply dipping tabular zones of disseminated pyrite (generally <5 volume per cent) and

gold in intensely altered tholeiitic basalt, with variably developed microveinlet

stockworks. The ore is gold rich (Au:Ag>5) and contains concentrations of arsenic.

The orebodies occur in a variety of geological settings reflecting a variety of controls on

the localization of the ore: along low-strain lithological contacts (Lightning Zone at

Holloway), along brittle and/or ductile faults (McDermott, Worvest and Mattawasaga

zones), and as shallowly dipping discordant zones (Tousignant and South) of which the

South Zone (Holt) is spatially coincident with an array of shallowly dipping syenitic


8-2

dykes. Ore zones are coincident with zones of intense albite-ankerite alteration of the

host basalt, which, in turn, are partly fringed by sericite alteration haloes at Holloway and

fringed by broader zones of calcite alteration. Disseminated specular hematite can be

present within or outboard of mineralized zones.

Robert (1997) proposed that the Holloway-Holt mineralization was one of a distinct

type of disseminated gold deposit in the Abitibi greenstone belt, spatially related to

monzonite to syenite stocks and dikes located along major fault zones and associated with

slivers of Timiskaming-type sedimentary rocks. Such gold orebodies (Young-Davidson,

Ross, Beattie, Douay) occur within composite syenitic stocks or along their margins

adjacent to satellite dykes and sills, and along faults and lithological contacts away from

any intrusions.


9-1

9 MINERALIZATION Gold mineralization at the Holt and Holloway Mines is associated with replacement

carbonate-pyrite- albite-quartz alteration that overprints mafic volcanic rocks in, and

adjacent to, D3-D4 high strain zones. The overprinting of multiple mineralization phases

in the same area suggests that mineralization was long lived and spanned syn-tectonic

deformation during exploitation of the same fluid channelways. The ore zones at each

mine are described below.

HOLLOWAY

The Holloway deposit is hosted by the 30 m to 150 m wide Holloway unit, a south

dipping band of Fe-tholeitic mafic volcanic rocks which is bounded to the north and

south by south facing turbiditic sedimentary rocks and komatiitic ultramafic volcanic

rocks, respectively. Mineralization occurs where a 200 m-300 m wide corridor of east-

northeast trending D2-D3 high strain zones obliquely crosses the Holloway unit, resulting

in a deflection in its strike to east-northeast trends from east to west-northwest trends that

are more typical at the property scale (Rhys, 2005a). Mineralization in the Holloway

Mine comprises the Lightning, Middle, and Blacktop Zones.

LIGHTNING ZONE The Lightning Zone is host to by far the largest orebody at the Holloway Mine (Item

4, Figure 4-2). It comprises a series of generally interconnected lenses of pyritic

replacement mineralization localized at and near the northern portions of the Holloway

Unit, frequently within variolitic units. Two stages of alteration are evident, pre-

mineralization albite-hematite-quartz and syn-mineralization pyrite-quartz-albite-

carbonate-sericite. Gold mineralization occurs as native grains associated with fine-

grained clustered pyrite occurring as stringers and veinlets, irregular clumps, and dense

vein haloes. Quartz veins are generally unmineralized. “Typical” ore contains on


9-2

average 55% to 10% clustered pyrite. Gold most often occurs along the pyrite grain

boundaries or, less often, along fractures in pyrite grains. Accessory arsenopyrite,

chalcopyrite, sphalerite, and scheelite are very minor constituents overall. Gold grain

sizes average 5 µ to 9 µ and visible gold is rare.

The deposit has a strike length of approximately 800 m, a minimum indicated vertical

extent of 750 m (150 m to 900 m below surface), and an average true width of 8 m. It is

open to depth along most of its strike length. In longitudinal section, an overall moderate

easterly plunge is evident, with subsidiary internal steep and shallow plunging ore

shoots/trends. In plan view, mineralized bodies within the Lightning Zone collectively

have east-northeast trends and steep dips. On upper levels, the zone comprises two

separate subzones located between 5400E-5600E and 5750E-5959E. Within the overall

southeast plunge of the Lightning Zone, main stage albite-pyrite mineralization in these

subzones occurs in steeply plunging second order ore shoots that correspond both with

the intersection line of high strain zones with the Holloway Unit and the dominant plunge

of the L3 stretching lineation developed on foliation surfaces.

Lightning Zone replacement mineralization is overprinted by a stacked set of shallow

dipping, semi-brittle faults, with top to north-northwest displacements of up to 100 m,

which cause segmentation of the Holloway Unit and offset ore shoots. These structures

are partially filled with quartz veins, and are coeval with a set of moderate to shallow

north-northwest dipping quartz extension veins that are developed orthogonal to the

stretching lineation. On long section, elevated areas of grade x thickness in the Lightning

Zone form shallow plunging zones that correspond with the passage of these structures

through the zone. The shallow plunging zones probably represent areas of upgrading

where new gold mineralization was introduced in the pyritic envelopes of quartz veins

that occur within, and as haloes of, more abundant veining surrounding the flat faults.

Since the flat faults offset earlier disseminated mineralization, they are natural boundaries

to stope and resource blocks (Rhys, 2005a).


9-3

At the Holloway Mine, the so-called Holloway Deep mineralization should be

investigated along the southwest plunge extent of the Lightning Zone below the lowest

Level.

MIDDLE ZONE In addition to the quartz vein related mineralization associated with the flat faults, a

series of north-trending, moderate to steep east-dipping quartz-tourmaline shear veins

occurs in the Middle Zone, west of the main Lightning Zone orebody. The veins are

developed in narrow reverse shear zones and are probably intermediate in age between

the Lighting Zone and flat fault related quartz veining episodes. These veins are quartz

dominated and contain variable quantities of black tourmaline as ribbons and stylolites.

They have auriferous pyritic envelopes and outer sericite-carbonate alteration. The veins

are cut by the shallow quartz extension veins associated with the flat faults, and their

local development in areas of the Lightning Zone style disseminated mineralization

suggests that they overprint it, forming an intermediate mineralizing phase. The veins are

affected by open and ptygmatic F3/F4 folds, and by F5 folds, consistent with the earlier

timing than the less strained quartz extension veins that cut them. At their northern end at

least, the quartz-tourmaline veins penetrate into Lightning Zone style replacement

mineralization and split up or dissipate as they enter it. Other evidence suggests that they

bend into parallelism with the east-northeast trending dominant foliation. Lightning Zone

style mineralization with lower albite and higher sericite content is also present in the

Middle Zone, and probably forms the bulk of the resource there. Its mineralogical

proportions, different from the Lightning Zone, may reflect its non-variolitic host rocks

which may have not been affected to the same degree by early albite-pyrite alteration

(Rhys, 2005a).

The Middle Zone has an east-west strike length of 90 m, an overall thickness of 20 m

and a depth extent of 100 m. There are three north-trending quartz-tourmaline veins

within the zone and they have an average thickness of two metres.


9-4

BLACKTOP ZONE Located 2.4 km due east of the Holloway shaft, the Blacktop Zone is developed in an

east-northeast trending high strain zone, or network of high strain zones, associated with

intense S3-S4 development and sericite-carbonate-chlorite alteration of mafic volcanic

rocks. As is the case at the Lightning Zone, the area of high strain at Blacktop is

associated with an east-northeast trending deflection in the otherwise dominantly east-

west to west-northwest trend of lithologies. The Blacktop Zone is not yet fully defined,

however, mineralization encountered in drilling and underground development defines a

tabular, typically 2 m to 7 m thick, and shallow southerly dipping zone which is hosted

by and cuts obliquely across the Holloway Unit. The zone may be at least 100 m in strike

length. The mineralization coincides with an apparent 20 m to 80 m top to the north

(reverse) displacement of the northern contact of the Holloway Unit with ultramafic

volcanic rocks, and of subunits internal to the Holloway Unit. Mineralization may extend

along this structure into the Holloway Unit for more than 100 m southward from the

northern mafic-ultramafic contact, and on some sections could potentially penetrate

southward to the southern contact of the Holloway Unit with turbiditic sediments. At the

northern margin of the Holloway Unit, mineralization may also extend upward from the

shallow dipping structure in altered hyaloclastite, forming steeply dipping to irregularly

shaped extensions to the mineralization. Widest and highest grade portions of the

mineralized shallow southerly dipping zone also occur at the northern ultramafic-mafic

contact, often in the immediate fault hanging-wall, in the overthrust above ultramafic

rocks (Rhys, 2005a). Intersections of more than 12 g/t over possible true thicknesses of

20 m have been encountered in this area.

The Blacktop “flat fault” falls within the range of orientation of flat faults in the

Holloway Mine, although it has slightly steeper southerly dips than most of these.

Mineralization along the flat fault at the Blacktop zone is predominantly Lightning Zone

in style, comprising a tabular zone of grey albite-carbonate-pyrite-quartz mineralization.

In several drill holes, in addition to Lightning Zone style replacement mineralization,

quartz veining is also abundant in the zone and forms the bulk of the intercept. This


9-5

suggests that the mineralization represents a composite style composed of the earlier

replacement mineralization with upgrading by later phases of vein mineralization, as has

been suggested for portions of the Lightning Zone that are affected by similar flat faulting

(Rhys, 2005a).

The Blacktop Zone seems to offer considerable scope for expansion. For example, the

footwall mineralization along the shallowly south dipping (flat) fault requires follow-up

drilling to the south. As within the Lightning Zone alteration package, there may be

potential, above and below, for parallel (stacked) zones along other flat faults. To the

west of Blacktop, at Remuck #6 and #7, there is good potential to follow up around good

grade mineralization as encountered in hole 550-384, approximately 200 m below the 550

Level.

HOLT MINE

At the Holt Mine, mineralized zones that have been historically mined are hosted by

the McDermott shear zone, a 10 m to 50 m wide south-southeast dipping carbonate-

sericite-chlorite +/- albite altered ductile D3-D4 shear zone, which is hosted by otherwise

massive, generally low strain mafic volcanic rocks. The McDermott shear zone has been

traced laterally for approximately 10 km along strike, joining the Destor-Porcupine

corridor to the northeast. It has been traced by drilling at least eight kilometres west of the

Holt Mine headframe. The shear zone may be localized along an older D2 thrust plane

that has structurally emplaced lenses of fine-grained clastic sedimentary units along it.

Principal mineralized zones that have been mined to date along the structure include the

South, C-104, McDermott, Worvest/Three Star, Mattawasaga, and C-97 zones, which

occur over a strike length of three kilometres and have been mined to depths of over one

kilometre below surface. All but the South Zone occur in steeply south dipping sections

of the shear zone. The South Zone occurs where the shear zone rolls to moderate to

shallow southerly dips (Rhys, 2005a). Prominent within the Holt Mine geology are two

northeast to east-northeast trending brittle faults, the Ghostmount and the McKenna.


9-6

Although once interpreted as ore controlling structures, they offset mineralization and are

in fact the youngest structural elements in the region (Rhys, 2005a).

Mineralization frequently occurs within the upper (hanging-wall/south) portions of

the McDermott shear zone, often in areas where the structure defined by its carbonate-

sericite-quartz altered high strain zone widens from a thickness of generally <10 m to

locally >50 m wide. The widening may in part be controlled by the interaction of the

shear zone with lenses of carbonaceous sedimentary rocks in its footwall. Mineralization

occurs in massive to banded quartz-carbonate-pyrite-albite alteration that occurs within

the McDermott shear zone and may extend a short distance into adjacent, unfoliated,

massive mafic volcanics. Diffuse quartz veinlet networks and matrix are commonly

developed, locally imparting breccia textures in sheared rocks. The apparent overprinting

of foliation by alteration, and rotation of shear zone fabrics in breccia fragments,

collectively suggest that mineralization overprints portions of the McDermott shear zone,

and that it formed during or after most shear zone fabric development. An early phase of

hematite-bearing carbonate-albite-quartz alteration is often preserved as lenses and

domains within and adjacent to the Holt Mine ore zones (Rhys, 2005a).

Native gold in mineralized zones at Holt occurs as fine grains spatially associated

with pyrite, in fractures, on grain boundaries, or encapsulated in pyrite grains.

Microscopically, gold grain distribution can be clustered, however, assays do not reveal

erratic or “nuggety” gold concentrations. Gold values in ore zones die out laterally, over

several metres within the envelope of altered rock. There is generally a fairly sharp

boundary on the hanging-wall side, but a more gradational die off of values on the

footwall side.

Mineralized zones at Holt display two pronounced ore shoot plunges: a) moderate to

steep east plunges that outline the major zones, and b) alignment of zones and chains of

small mineralized ore shoots along shallow west plunging axes. The latter plunge is


9-7

parallel to the plunge line of dip changes in the McDermott shear zone. The patterns are

similar to Holloway.

A brief summary of the major ore zones at Holt is indicated below.

TABLE 9-1 TABULATION OF HOLT MINERALIZED ZONES St Andrew Goldfields Ltd. - Holloway-Holt Mining Project

Ore Zone Strike Length m

Plunge Width, m

Thickness m

Tonnes Mined (000)

Grade g/t Au

South 700 50-200 3-30 2,800 7.4 C-104 600 80-200 3-20 1,000 6.0

McDermott 800 40-350 3-10 1,100 4.2 Worvest-Three

Star 400 30-200 3-5 600 3.7

Mattawasaga 500 30-230 3-35 1,600 4.6

C-97 300 30-80 3-15 300 7.5

At Holt, further development and exploration work seem justified as listed below:

1. Zone 6-E: This requires definition drilling. There also may be potential to the east of this zone, beyond current mine workings.

2. Zone 4: This requires definition drilling. There is also potential down plunge to the

southwest, below the lowest level. 3. Zone 3: There is potential to investigate in this zone, 50 m below the 1075 Level.


10-1

10 EXPLORATION In this section, recent exploration will be described for specific property segments

where there has been encouragement of a nature that suggests potential for a significant

zone of mineralization. The Lightval, Newmex, Blacktop, Ghost, Pumphouse, and 42E

zones will be discussed.

LIGHTVAL

In the period 1986-1989, Newmont Mines Limited (Canada) conducted a significant

exploration program that included line cutting, geological mapping, lithogeochemical

sampling of all rock outcrops, outcrop stripping, channel sampling of stripped areas,

ground magnetic surveying, IP and limited HLEM surveying. Diamond drilling of 37

holes totaling 11,316.2 m was completed. Significant intersections include 2.85 g/t Au

over 9.95 m from hole LV88-8B (green carbonate altered ultramafic) and 1.42 g/t Au

over 14.0 m from hole LV87-2 (altered zone at sediment/porphyry contact). Noranda

optioned the ground during 1989-1992 and completed 5.5 line kilometres of IP surveying

on five lines on the northern half of the property. Drilling over a three year period

amounted to 30 holes completed for a total of 8,621.7 m. Significant intersections from

this program include 29.85 g/t Au over 1.5 m from hole LV89-51 (sediment/ultramafic

contact) and 3.64 g/t Au over 2.0 m (Lightning Zone style mineralization,

mafic/ultramafic contact). The main focus of the Newmont and Noranda efforts was

along the northern portions of the property where the DPDZ and the extension of the

Lightning Zone mafic-ultramafic contact cross the property.

During October 2001, Newmont carried out a diamond drilling program comprised of

two holes totalling 475.0 m on the southern portion of the Lightval property. The

program was designed to test geological targets with coincident IP chargeability

anomalies and, in the case of hole LV01-68, anomalous Au in humus geochemistry.

Previous IP surveying (1986) on the Lightval Property, by Newmont Mines Limited


10-2

(Canada), had outlined a number of untested IP trends in favourable geological settings.

No economic gold values were returned from the drilling, although both holes intersected

weak to moderately altered zones with low gold values. The highest value obtained was

0.51 g/t Au over 1.0 m from a calcite and hematite altered mafic volcanic from drill hole

LV01-69. A moderate to strongly altered section over 13.8 m of silica and lesser albite

and ankerite alteration in hole LV01-68, returned only weakly anomalous values of 0.17

g/t Au over 1.0 m. Following this program, two areas of interest were recommended for

follow-up, namely the Lightning Zone volcanics package in the northern half of the

property and the silica/albite altered interval in LV01-68 in the southern half of the

property. The Lightning Zone stratigraphy has not been fully tested at depths below 200

m from surface due to gaps in the potentially more prospective areas of up to 800 m

between drill holes. Only one hole tests the 1.8 km long package at a depth of -500 m

below surface, which is a favourable zone for flat fault-hosted gold mineralization in the

Holloway Mine. The silica/albite altered interval intersected in LV01-68 remains open

ended, having possibly been intersected in one historic hole to the west. The zone has

been traced for a distance of 300 m in outcrops and pits before disappearing under

overburden. More drilling is required here, particularly to investigate the potential of the

footwall stratigraphy to the north of the equivalent Lightning volcanic package..

NEWMEX

An 813 m hole was drilled in 2005 to follow up on a series of good intersections.

More work is needed to follow up this mineralization.

BLACKTOP

The Blacktop Zone was discovered by surface drilling 2.4 km east of the Holloway

shaft. After follow-up drilling, it was finally accessed from the 550 Level drift in 2005.

There was minor production from the zone in 2005, when another 5,900 m of exploration

drilling were done. There is considerable room to expand the zone up and down dip and


10-3

also to investigate the large alteration package above and below the zone in anticipation

of other stacked zones along flat fault structures. There is good potential to investigate

here, into the footwall volcanics to the north.

GHOST

The Ghost Zone mineralization was discovered in 2000 approximately one kilometre

east-northeast of Barrick’s Mattawasaga ore zone. The discovery hole, drilled 250 m east

of the boundary with Barrick, intercepted the zone at a vertical depth of 450 m and

encountered a broad zone of mineralization returning 3.47g/t over 32 m and 5.47g/t over

4 m. Subsequent drilling at approximately 200 m offsets encountered lesser values,

however, notable intercepts included 2.64g/t over 13 m and 2.12g/t over 14 m, and broad

low-grade composites, including 0.68g/t over 23 m, defined the extremity of the system.

In 2001, Newmont drilled two holes to test the extent of the Ghost Zone. One hole,

approximately 1.7 km to the east, tested 300 m below surface and the second hole, 500 m

east of previous drilling, tested to 520 m below surface, in the plunge direction of the

zone. Both holes encountered modest alteration with weak gold values but did not

particularly define any limits to the Ghost Zone. In 2005, Newmont drilled five more

holes totalling 2,480 m to the west of the zone. Each hole intersected good alteration and

modest gold values, such as 3.49 g/t Au over 2.0 m. More drilling must be done here,

however, work to date suggests that the Ghost Zone extends for at least 600 m along

strike and at least 200 m down dip towards the southeast.

PUMPHOUSE

Drilling on the Pumphouse Zone to the east of the Blacktop Zone has encountered

interesting gold values. More work is needed to follow up this mineralization.


10-4

42 E

Drilling on the 42 E Zone to the east of the Pumphouze Zone has also encountered

interesting gold values. More work is needed to follow up this mineralization.


11-1

11 DRILLING Recent diamond drilling at the Holloway-Holt Project, both surface and underground,

has been contracted to Forage Garant & Freres Inc. of Rouyn-Noranda. Down hole

equipment used in all cases is BQ size (36.50 mm diameter core). Surface exploration

drill holes are normally testing specific geological or geophysical targets. Underground

exploration drill holes are employed to test for extensions of known mineralized zones or

to explore for new centres of mineralization. Step outs of 100 m or more are employed

depending on geological interpretation and underground access. Early definition of

mineralized zones underground is often accomplished with drill holes on 50 m centres.

Ore definition is done with fans of drill holes on 12.5 m centres.

Ore zones at the Holloway and Holt Mines tend to have a generally tabular geometry

and variably steep to shallow dips. The relationship between the sampled interval of

mineralization and the true width is usually best determined from cross sections showing

ore definition drill holes.

Currently, the Holloway-Holt operation is shut down. There are still exploration

targets to pursue on surface and underground and significant amounts of definition

drilling required in both mines.


12-1

12 SAMPLING METHOD AND APPROACH Diamond drill core, for gold analyses, is normally sampled at one metre intervals or

less if dictated by circumstances. Samples are begun or ended at changes in lithology or

alteration assemblage. In weakly altered or unaltered rock, sample lengths are often

extended to 1.5 m, but sampling is continued through the alteration package. There is

usually at least one sample in barren rock at the beginning and end of a sampled interval.

Drill core from exploration holes is split mechanically. Samples from definition drill

holes are normally bagged whole.

By its nature, gold-mineralized rock at the Holloway and Holt Mines is hard and

competent. It cores well and core recoveries average 98%. The gold occurs as (invisible)

disseminated grains of native gold, 5µ to 9µ in size and without “nuggety” concentrations

of values. Taking samples of whole or split core from these properties should be

relatively free of sample bias.

Newmont equipment operators collect muck samples from each blasted development

and production heading. The results are used for daily grade control and reconciliation

with the process plant head grades. Newmont geologists or technicians take chip samples

from development headings on a sporadic basis. The muck and chip sample assays are

occasionally used for resource estimation if diamond drill data are not available.

In Scott Wilson RPA’s opinion, there are no factors regarding the sample method or

approach that affect the resource estimation.


13-1

13 SAMPLE PREPARATION, ANALYSES AND SECURITY

While the Holt Mine operated, all assays for the property were done at an internal, on-

site laboratory. This lab had a number of internal standards and ran several with each

batch of samples. Once per month, 20 rejects were sent to a commercial lab for check

assays.

In recent years, all samples for assay from the Holloway-Holt operation have been

sent to Laboratoire Expert Inc. (Laboratoire Expert), an ISO 9001:2000 certified

laboratory in Rouyn-Noranda. At the mine facility, samples are marked, tagged, split/not

split, placed in a plastic bag with a duplicate tag, and sealed. Plastic bags of samples are

sealed in white “rice” bags which are picked up daily by Laboratoire Expert and taken

back to their lab facility for processing. Traditionally, Holloway-Holt did not submit any

blanks, standards, or duplicates with their batches of samples but relied upon the

laboratory’s use of internal standards. The laboratory’s protocol for sample preparation

and fire assay is given in Appendix 3.

Scott Wilson RPA was not made aware of any concerns that Holloway-Holt have had

with the quality of analytical data coming from Laboratoire Expert. However, it is good

practice to maintain an internal QA/QC program. Whereas a reconciliation of tonnes and

grade of material mined to the original reserve estimate might detect discrepancies in

grade estimates, there would be no cross-check on assay values for exploration samples.

Scott Wilson RPA would recommend internal quality control on the client’s part,

through the submission of blind control samples, to ensure that their assays are

contamination-free, are repeatable to an appropriate level of precision, and are accurate

and unbiased. To achieve this objective, it would be necessary to submit blind control

samples together with batch shipments of samples from the field. Blank samples test for

contamination, duplicates test for contamination, precision, intra-sample grade variance,


13-2

and reference standards test for assay precision and accuracy. For every 20 samples

submitted from the field, Scott Wilson RPA recommends the inclusion of one blank

sample, one reference standard sample, and one duplicate sample. The duplicate sample

should be quarter-cut from one of the other samples being submitted in the batch. Scott

Wilson RPA also recommends that approximately 5% of the sample pulps, divided into

low, medium, and high grade ranges and selected at regular intervals during the course of

a drilling program, should be check assayed at a different laboratory.

The internal systems for sample preparation, analyses and security appear to have

served the Holloway-Holt operation adequately in the past. Scott Wilson RPA

recommends implementing measures for internal quality as noted above, and, in fact,

such procedures were being put in operation at the Holloway Mine from November 2005

through February 2006.


14-1

14 DATA VERIFICATION Holloway-Holt operation has a history of gold production. Consequently, Scott

Wilson RPA did not attempt any independent sampling of drill core or working faces to

confirm the presence of gold values.

Assay results are received from Laboratoire Expert by email, followed by a paper

copy. Data are transferred to the diamond drill logs and database electronically, thereby

reducing the chance of error. Scott Wilson RPA checked the original assay data from

five diamond drill holes, namely 550-524, 660-169, 245-030, 505-378, and 505-465

against the diamond drill log entries. No errors were found.


15-1

15 ADJACENT PROPERTIES There are no properties to be discussed in this section.


16-1

16 MINERAL PROCESSING AND METALLURGICAL TESTING

Metallurgical test work was completed by Unite de Recherché et de Services en

Technologie Minerale (URSTM) on ore samples from Holloway’s Zone 5, Zone 6, Zone

8, LZ Blacktop Lightning, and Blacktop Footwall, during the period August to December

2005. Assays were conducted at Laboratoire Expert, Rouyn-Noranda (QC). Some ICP

analysis was done in the analytical chemistry laboratory at the URSTM.

A summary of test work completed on ore from the various zones is presented in

Table 16-1.

TABLE 16-1 RECENT METALLURGICAL TEST WORK ON HOLLOWAY ORE St Andrew Goldfields Ltd. - Holloway-Holt Project

Zone 5 Zone 6 Zone 8 Blacktop

Lightning Blacktop Footwall

Holloway stock pile

ore Standard leach tests at different grinds (48 hours)

3 tests 3 tests 3 tests 5 tests

Carbon in leach test (different carbon concentrations)

3 tests 3 tests

Flotation and leach of flotation tail 1 test 1 test

Ball mill work index 1 test 1 test Preg-robbing test 1 test 1 test Diagnostic test 1 test ICP analysis 1 1 1 1 1 Whole rock assay 1 Carbon analysis 1 1

Leach test recoveries varied between 86% and 96% depending on the zone. Blacktop

Lightning and Footwall samples had the lowest recoveries. Results indicate that the

Blacktop Footwall ore, which contains preg-robbing graphite, should be treated by a CIL

process in order to reach reasonable recoveries.


16-2

Gold in the tails of the Blacktop Lightning ore seems to be associated exclusively

with sulphides. Finer grinding offers limited recovery increases. Mineralogical studies

may help to understand why some of the gold is non accessible to cyanide solution.

Process alternatives to offset this problem seem limited since oxidation processes do not

constitute an economic alternative taking into account the limited gold recovery increase.

All leaching tests were based on 48 hours residence time. The actual recovery could

vary if the residence time in the mill was significantly lower. A kinetic leaching test, by

type of ore, versus a residence time relationship should be completed to determine if

recoveries could be improved.

Finally, it is necessary to take into account that the results obtained are extracted from

tests carried out on limited quantities of ores. According to production planning of the

mine, it could be useful to validate some of these results from new samples.

Process plant statistics, for the period 2003 to March 2006, are presented in Table 16-

2. Metallurgical recoveries varied from 92.7% in 2005 to 91.3% in 2006.

TABLE 16-2 MINERAL PROCESSING STATISTICS St Andrew Goldfields Ltd. - Holloway-Holt Project

YTD

March 2003 2004 2005 2006

Tonnes Milled 544,864 515,001 531,011 97,720 Average Head Grades (Gram/Tonne) 4.877 5.192 4.534 4.420 Contained Ounces 85,438 85,971 77,405 14,702 Average Recovery 92.5 92.5 92.7 91.3 Recovered Ounces Milled 79,031 79,486 71,747 13,418 Actual Production Ounces 80,450 75,886 74,617 13,401


17-1

17 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES MINERAL RESOURCES

NEWMONT HISTORICAL METHODOLOGY Newmont has historically estimated mineral resources using polygonal and sectional

methods, depending on the diamond drill density. All individual grades were cut to 34.28

g/t Au as per the practice in many other mines in the Timmins-Kirkland area. Correlation

of mineralized zones incorporated a 3.0 g/t Au and 3.4 g/t Au marginal cutoff grade at the

Holloway and Holt Mines, respectively. The minimum width used for correlation was

2.0 m to 3.0 m, depending on the dip of the mineralization and anticipated mining

method.

The breakeven block cutoff grade in the Holt Mine was historically 3.4 g/t Au.

In the Holloway Mine, breakeven block cutoff grades were established for each

mining area and resource methodology, i.e., sectional or polygonal, based on the

operating cost, gold price, exchange rate, mining dilution, mining recovery, mine call

grade factor, and metallurgical recovery. Metallurgical recovery, mining dilution, and

mine call grade factors are unique to each mining area based on the shape, orientation,

and mineralogy of the blocks. The range of each parameter is as follows:

Operating Cost $C80.00 /t Gold Price $US400 Exchange Rate $US/$C 1.25 Metallurgical Recovery Blacktop 88.0%, All others 93.5% Mining Dilution 10%-20% @ zero grade Mining Recovery 90% Mine Call Grade Factor 90%-100%


17-2

Consequently, at the Holloway Mine, cutoff grades for undiluted mineralization, with

no grade correction, ranged from 6.51 g/t Au to 7.48 g/t Au. Sectional or polygonal

blocks that did not meet the cutoff grades were excluded from the mineral resources.

Mineralization blocked on four sides by development was classified as proven or

probable mineral reserves or measured resources. Mineralization defined by diamond

drilling and where there was high confidence in the continuity was classified as indicated

resources. Mineralized zones with widely spaced diamond drilling were categorized as

inferred resources.

It should be noted that prior to the April 30, 2006 estimate, all classes of mineral

resources and mineral reserves included mining dilution, mining recovery, and a mine

call grade factor.

MINERAL RESOURCE SUMMARY - APRIL 30, 2006 Newmont updated the mineral resource estimate for the Holloway and Holt Mines

effective April 30, 2006. The current estimate incorporates more contemporary

parameters and assumptions and excludes mining dilution, mining recovery, and mine

call grade factors. The process is consistent with CIM guidelines and definitions. Table

17-1 summarizes the estimate. More detail is found in Table 17-5 and Table 17-6.


17-3

TABLE 17-1 MINERAL RESOURCE SUMMARY - APRIL 30, 2006 St Andrew Goldfields Ltd. - Holloway-Holt Project

Classification Tonnes Grade Cont. Gold ('000 t) (g/t) ('000 oz)Holloway Mine Measured 537 6.7 115 Indicated 500 8.9 144

Measured + Indicated 1,037 7.8 259 Inferred 477 6.3 97 Holt Mine Measured 191 8.1 50 Indicated 2,794 7.3 655

Measured + Indicated 2,985 7.3 704 Inferred 677 7.9 173Holloway + Holt Measured 728 7.0 165 Indicated 3,294 7.5 799

Measured+Indicated 4,022 7.4 963

Inferred 1,154 7.3 270 Notes: 1. CIM definitions were followed for Mineral Resources.

2. Mineral Resources were estimated at a marginal cutoff grade of 3.0 g/t Au and a block cutoff grade of 4.5 g/t Au.

3. Mineral Resources were estimated using an average long-term gold price of US$500 per ounce, and a US$/C$ exchange rate of 1.25. 4. A minimum mining width of 2.0 to 3.0 metres was used. 5. Columns may not add exactly due to rounding.

DATABASE The mineral resource estimate is based almost entirely on diamond drilling data.

Muck sample and chip sample data are occasionally used if they are considered relevant

and diamond drill information is not available. The diamond drill spacing for each zone

is summarized in Table 17-2.


17-4

TABLE 17-2 DIAMOND DRILL SPACING St Andrew Goldfields Ltd. - Holloway-Holt Mining Project

Mine Stope/Zone Diamond Drill Spacing (approx.) (m)

Holloway Lightning A 12.5 x 12.5 Lightning D 12.5 x 12.5 Lightning G 12.5 x 12.5 Lightning K 12.5 x 12.5 Blacktop Lightning 12.5 x 12.5 Blacktop Other 25.0 x 25.0 Blacktop Footwall 25.0 x 50.0 Lightning Remnants 12.5 x 12.5 Middle (below 580) 25.0 x 25.0 Upper Middle 12.5 x 12.5

Holt Zone 1 12.5 x 15.0 Zone 2 12.5 x 15.0 Stope 4 12.5 x 15.0 Stope 5 12.5 x 15.0 Stope 6 12.5 x 15.0 Zone 5 12.5 x 15.0 Zone 6B 12.5 x 15.0 Zone 6 12.5 x 15.0 Zone 8F 12.5 x 30.0 Zone 4 12.5 x 15.0 Zone 8 12.5 x 15.0 Tousignant 12.5 x 15.0 Zone 1D 50.0 x 50.0 Zone 3 50.0 x 50.0 Zone 4 UZ 50.0 x 50.0 Zone 8UF 12.5 x 30.0 Ghost 100 x 200

PARAMETERS AND ASSUMPTIONS The mineral resources at the Holloway-Holt Project were updated effective April 30,

2006, using parameters more consistent with current operating cost, gold price, and

metallurgical recovery. The updated breakeven cutoff grade is 4.5 g/t gold, based on a

gold price of $US500 per ounce, a 1.25 $US/$C exchange rate, an operating cost of

$C85, and a metallurgical recovery of 93.5%. A 3.0 g/t Au marginal cutoff grade has


17-5

historically been used for geological correlation of mineralization and is still considered

by Scott Wilson RPA to be an appropriate marginal cutoff grade.

Mineral resource estimation incorporated minimum widths ranging from 2.0 m to 3.0

m depending on the dip of the mineralization and the anticipated selectivity of the mining

method. For the most part, the cutoff grade and minimum width were applied to the

correlated mineralized zones. Mineral resources in remnants and pillars in the Lightning

Zone at the Holloway Mine were previously estimated using a 3.0 m minimum width

based on undiluted mining blocks. Modifying the minimum width to 2.0 m in this zone

was regarded as unnecessary for only a nominal anticipated change in the mineral

resources.

The mineral resources in the Holt Mine were historically estimated using a 3.4 g/t Au

cutoff grade. A few less than the updated 4.5 g/t Au cutoff were retained for continuity

since they were internal to the mineralized zones.

All grades were cut to 34.28 g/t Au. Scott Wilson RPA was unable to locate a study

to support the cutting level. It was likely selected as it was the traditional cutting level in

many of the mines in the Timmins-Kirkland area. Scott Wilson RPA prepared a

frequency distribution histogram of 449 Au values in the Blacktop and Blacktop Footwall

Zones. The results presented in Figure 17-1 indicate the 34.28 g/t Au cutting factor is

appropriate in the Blacktop Zone.

Scott Wilson RPA recommends undertaking a review of the grade frequency

distribution of the entire database to determine the appropriateness of the cutting factor.


17-6

FIGURE 17-1 BLACKTOP AU GRADE DISTRIBUTION

Blacktop Zone Au Grade Distribution

0

20

40

60

80

100

120

2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40

Grade (g/t Au)

Freq

uenc

y

The density used for mineral resource estimation is 2.85 t/m³. Scott Wilson RPA was

unable to locate reports of test work to support the estimate, however, 2.85 t/m³ is a

reasonable estimate for quartz vein hosted gold deposits with low levels of sulphides.

More recent test work conducted at Laboratoire Expert indicates that the actual density is

approximately 5% lower. The recent work is not considered sufficient to modify the

density estimate for the current resource estimation. Scott Wilson RPA recommends that

any future exploration or definition diamond drilling should include density test work.

METHODOLOGY Newmont estimated mineral resources at the Holloway and Holt Mines using

polygonal and sectional methods, depending on the diamond drill density.


17-7

POLYGONAL The polygonal method is used where the standard definition diamond drilling pattern

of 12.5 m by 12.5 m has not been completed. Diamond drill hole traces, with lithology

and Au grade, were plotted on vertical sections spaced consistent with the diamond drill

pattern, normally every 25 m or 50 m. In the Holloway Mine, correlation of mineralized

zones was done on the sections, using a 3.0 g/t Au cutoff grade over a minimum width of

2.0 m. Correlation of mineralized zones at the Holt Mine incorporated a 3.4 g/t Au cutoff

grade over a minimum width of 2.0 m or 3.0 m depending on the dip of the zone and the

potential for selective mining.

Pierce points of the mineralized zones were transferred to longitudinal projection(s)

and polygons were created with an area of influence halfway to the next adjacent hole,

normally 25 m to 30 m. Polygon areas were measured using Gemcom or Autocad

software. Areas were converted to tonnes using a density of 2.85 t/m³. Blocks below the

4.5 g/t Au cutoff grade were excluded from the total, except in cases where they were

internal to the mineralized zone and retained for continuity.

SECTIONAL

The sectional method was used where definition diamond drilling had been completed

on a 12.5 m by 12.5 m pattern or closer. Diamond drill hole traces, with lithology and Au

grade, were plotted on vertical sections spaced 12.5 m apart. In the Holloway Mine,

correlation of mineralized zones was done on the sections using a 3.0 g/t Au cutoff grade

over a minimum width of 2.0 m. Correlation of mineralized zones at the Holt Mine

incorporated a 3.4 g/t Au cutoff grade over a minimum width of 2.0 m or 3.0 m,

depending on the dip of the zone and the potential for selective mining.

Resource blocks were estimated on cross sections using a 6.25 m lateral area of

influence and a vertical area of influence halfway to the next adjacent diamond drill hole.

The Sectcad module of the Geostat computer software package was used for the

calculations. Volumes were converted to tonnes using a 2.85 t/m³. Blocks below the 4.5


17-8

g/t Au cutoff grade were excluded from the total, except in cases where they were

internal to the mineralized zone and retained for continuity.

RECONCILIATION Newmont has not undertaken annual reconciliations comparing the actual tonnage

and grade processed to that which the resource/reserve estimate would have been for the

same volume of mineralization. Reserve vs. actual reconciliations have been problematic

at the Holloway Mine due to using various custom milling arrangements and stockpiles.

Scott Wilson RPA was unable to determine if reserve vs. actual reconciliations were

carried out at the Holt Mine as it ceased production in 2004 and the technical staff are no

longer available for discussion.

Scott Wilson RPA prepared Tables 17-3 and 17-4, summarizing historical annual

proven plus probable reserve estimates and annual production statistics. The historical

head grade is approximately ten percent lower than the reserve grade. This proportion

would be normal for an operating gold mine as reserves are estimated at a breakeven

cutoff grade, whereas mineralization in development headings is normally processed if it

is equal to or greater than the marginal cutoff grade. The results indicate that, generally,

the reserve grade estimate is a reasonable representation of the actual grade. No

conclusions regarding the reserve vs. actual tonnage can be derived from the data.


17-9

TABLE 17-3 RESERVES AND ANNUAL PRODUCTION - HOLLOWAY MINE

St Andrew Goldfields Ltd. - Holloway-Holt Project

Year Prov+Prob Reserves Jan 01 Processed Tonnes Grade Cont. Gold Tonnes Grade Cont. Gold ('000 t) (g/t Au) ('000 oz) ('000 t) (g/t Au) ('000 oz)

1993 9 6.95 2 1994 1995 61 5.88 12 1996 215 5.63 39 1997 5,651 6.69 1,216 363 5.45 63 1998 5,317 6.70 1,145 483 6.57 102 1999 4,354 6.80 952 478 7.22 111 2000 4,195 6.52 879 490 6.79 107 2001 3,981 6.70 858 553 6.41 114 2002 3,422 6.52 717 561 6.14 111 2003 2,841 6.48 592 545 4.88 85 2004 1,894 6.42 391 515 5.18 86 2005 1,340 6.23 268 531 4.53 77 2006 138 5.22 23 4,942 5.87 932


17-10

TABLE 17-4 RESERVES AND ANNUAL PRODUCTION - HOLT MINE St Andrew Goldfields Ltd. - Holloway-Holt Project

Year Prov+Prob Reserves Jan 01 Processed

Tonnes Grade Cont. Gold Tonnes Grade Cont. Gold ('000 t) (g/t Au) ('000 oz) ('000 t) (g/t Au) ('000 oz)

1989 508 4.09 67 1990 2,334 4.73 355 467 4.25 64 1991 - 595 3.44 66 1992 2,542 5.48 448 411 3.75 50 1993 1,261 6.20 251 388 5.41 68 1994 2,281 7.60 557 368 5.30 63 1995 2,511 7.82 632 383 5.59 69 1996 2,804 8.06 727 439 8.60 121 1997 3,297 6.89 730 419 8.97 121 1998 3,199 6.86 706 497 8.72 139 1999 2,741 6.94 612 503 6.96 113 2000 2,217 6.98 498 486 6.07 95 2001 1,894 6.68 407 451 6.05 88 2002 1,150 7.34 271 471 5.83 88 2003 768 6.25 154 507 5.83 95 2004 308 5.51 55 358 5.14 59 2005 29 3.89 4 2006 1 1.78 7,279 5.84 1,370

CLASSIFICATION HOLLOWAY MINE

Mineralization diamond drilled on a 12.5 m by 12.5 m pattern and exposed by

development on four sides was classified as measured resources. Mineralization drilled

as widely spaced as 25 m by 50 m, possibly partially developed, and where the continuity

is strongly controlled by lithology or structure was classified as indicated mineral

resources. Portions of four mineralized zones for a total of 477,000 t were classified as

inferred mineral resources because, although the diamond drill pattern was reasonable,

the continuity of mineralized intersections was problematic.

HOLT MINE

Measured resources include mineralization diamond drilled on a 12.5 m by 15.0 m

pattern and partially exposed by underground development. Mineralization drilled on a


17-11

range of patterns from 12.5 m by 15.0 m to 60.0 m by 75.0 m, where the continuity is

strongly controlled by lithology or structure and where there is no underground

development, was classified as indicated mineral resources. Inferred mineral resources

include mineralized zones where the drill spacing is wide, 100 m by 200 m, with good

geological control, or where the drill spacing is 50 m by 50 m and the continuity is

questionable.

TABULATION Table 17-5 summarizes the mineral resources in the Holloway Mine.


17-12

TABLE 17-5 HOLLOWAY MINE - MINERAL RESOURCES APRIL 30, 2006


Classification Stope/Zone Tonnes Grade Cont. Gold ('000 t) (g/t) ('000 oz)

Measured Lightning A 8 5.5 1 Lightning D 147 7.1 34 Lightning G 189 5.1 31 Lightning K 16 6.3 3 Blacktop Lightning 177 8.1 46 537 6.7 115 Indicated Blacktop Lightning 73 7.9 19 Blacktop Other 33 6.9 7 Blacktop Footwall 394 9.3 118 500 8.9 144 Measured+Indicated 1,037 7.8 259 Inferred Lightning Remnants 148 6.0 28 Middle (below 580) 248 6.1 49 Upper Middle 44 8.9 13 Blacktop Footwall 37 6.2 7 477 6.3 97 Notes: 1. CIM definitions were followed for Mineral Resources. 2. Mineral Resources were estimated at a marginal cutoff grade of 3.0 g/t Au and a block cutoff grade of 4.5 g/t Au. 3. Mineral Resources were estimated using an average long-term gold price of US$500 per ounce, and a US$/C$ exchange rate of 1.25. 4. A minimum mining width of 2.0 to 3.0 metres was used. 5. Columns may not add exactly due to rounding.

Recent diamond drill results from the Middle Zone (above 580 m) in the Holloway

Mine have not yet been interpreted. Mineral resources in this area, estimated at

approximately three thousand ounces of contained gold, January 1, 2006, were not

included in the April 30, 2006 estimate.

Table 17-6 summarizes the mineral resources in the Holt Mine.


17-13

TABLE 17-6 HOLT MINE - MINERAL RESOURCES APRIL 30, 2006


Classification Stope/Zone Tonnes Grade Cont. Gold ('000 t) (g/t) ('000 oz)

Measured Zone 1 21 7.6 5 Zone 2 48 10.0 15 Stope 4 27 7.9 7 Stope 5 6 6.0 1 Stope 6 13 6.8 3 Zone 5 39 8.1 10 Zone 6B 37 6.7 8 191 8.1 50 Indicated Zone 6 953 6.8 208 Zone 8F 33 7.1 8 Zone 4 1,430 7.5 345 Zone 8 190 6.6 40 Tousignant 188 8.9 54 2,794 7.3 655 Measured+Indicated 2,985 7.3 704 Inferred Zone 1D 188 8.3 50 Zone 3 93 7.0 21 Zone 4 UZ 137 8.5 37 Zone 8UF 20 6.8 4 Ghost 239 7.8 60 677 7.9 173 Notes: 1. CIM definitions were followed for Mineral Resources. 2. Mineral Resources were estimated at a marginal cutoff grade of 3.4 g/t Au and a block cutoff grade of 4.5 g/t Au. 3. Mineral Resources were estimated using an average long-term gold price of US$500 per ounce, and a US$/C$ exchange rate of 1.25. 4. A minimum mining width of 2.0 to 3.0 metres was used. 5. Columns may not add exactly due to rounding.


17-14

MINERAL RESERVES

There have been no economic studies completed to demonstrate that the mineral

resources can be economically exploited. Consequently, there are no mineral reserves.


18-1

18 OTHER RELEVANT DATA AND INFORMATION MINING OPERATIONS

Production from the Holloway Mine ceased in April 2006. Production from the Holt

Mine essentially ended in late 2004, with very minor production in 2005. The following

description of mining operations, mineral processing, and environmental considerations

is summarized from a confidential report by Newmont staff (March 2006).

HOLLOWAY MINE The Holloway Mine is accessed by a three-compartment, 5.5 m diameter shaft to a

depth of 867 m. A second access is available through an original 4.9 m diameter

exploration shaft 441 m deep. The exploration shaft is now primarily used as an exhaust

raise and escapeway. Two internal ramp systems provide access to the mine workings.

Development headings are advanced using one boom jumbos on a two shifts per day

seven days per week basis. Drift width varies between 3.5 m to 5 m, with a back height

of 3.7 m. Development rounds are mucked with 3.5 yd. scooptrams.

Stopes are mined using the longitudinal retreat method. Typical stope widths range

from 2 m to 15 m, with varying strike lengths of 15 m to 95 m. Sublevel spacing is 25 m.

Some stopes are mined in panels (north/south), with back widths of 8 m to preserve

stability. Stopes are backfilled with waste rock generated from development or from

backfill from surface through a backfill raise. Cable bolt support is used for most stope

backs and recessed cables are installed in the hanging wall when necessary. Production

holes are 76 mm using electric/hydraulic drills. Ring patterns maximize vertical drilling

and extend to fans when needed. Emulsion is used as the principal blasting agent.


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Production mucking is done primarily using remote control 7 yd. scooptrams.

Cameras are used in the stopes where visibility is restricted. Ore is dumped into an

orepass system, crushed underground, and hoisted to surface where it is loaded into

trucks for transport to the Holt processing plant.

Stope volumes are measured by Cavity Monitoring System (CMS) laser surveying

techniques. This data are used to optimize the drilling and blasting practices in order to

maximize ore recovery and minimize dilution. The surface backfill plant prepares

batches of cement that are sent underground via boreholes. Sand and rockfill are dumped

from surface into backfill raises.

Fresh air is distributed to the mine using two internal ventilation raises. Return air is

exhausted through the ramps to the two shafts.

A summary list of the Holloway underground equipment is presented in Table 18-1.


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TABLE 18-1 UNDERGROUND MINE EQUIPMENT – HOLLOWAY MINE St Andrew Goldfields Ltd. - Holloway-Holt Project

MODEL TYPE YEAR MANUFACTURER

F6L 912 W JUMBO CDJ120/HC80 1995 Montabert F6L 912 W JUMBO CDJ120/HC80 1995 Montabert F6L 912 W JUMBO CDJ120/HC80 1995 Montabert F6L 912 W JUMBO CDJ124/HC40 1989 Montabert F6L 912 W JUMBO CDJ124/HC40 1989 Montabert

CUBEX 6200LH1 1996 Cubex MTI CDL360 MTI

F8L 413 FW TAMROCK TRUCK 416D 1994 Tamrock F8L 413 FW TAMROCK TRUCK 416D 1994 Tamrock

SERIE 60 WAGNER MT 426 2003 Wagner SERIE 60 WAGNER MT 426 2003 Wagner SERIE 71 3.5 SCOOP 1996 Wagner SERIE 71 3.5 SCOOP 1996 Wagner SERIE 71 3.5 SCOOP 1996 Wagner SERIE 71 3.5 SCOOP 1996 Wagner

F5L 413 FRW 300 M SCOOP 1989 MTI/JCI SERIE 71 3.5 SCOOP Wagner SERIE 50 700 M SCOOP 1996 MTI/JCI SERIE 50 700 M SCOOP 1996 MTI/JCI SERIE 50 700 M SCOOP 1997 MTI/JCI SERIE 50 600 M SCOOP 1990/1996 MTI/JCI SERIE 50 700 M SCOOP 2004/1997 MTI/JCI

SAR 7N3301 250 M SCOOP 1990 MTI/JCI F6L 912 W BOOM TRUCK Marcotte F6L 912 W SCISSOR LIFT 1995 Marcotte F6L 912 W SCISSOR LIFT 1995 Marcotte F6L 912 W SCISSOR LIFT 1995 Marcotte F6L 912 W SCISSOR LIFT 1978 Teledyne F6L 912 W SCISSOR LIFT 1979 Wagner F6L 912 W BOOM TRUCK 1990 Dux F6L 912 W EXPLOSIVE TRUCK 1990 Dux

CA514C TRACTOR NCE 1996 NCE INJECTOR MILLER T 4ce 1996 Miller

MILLER T 4ce 1996 Miller 3450 TRACTOR NCE 1995 NCE

CA514C TRACTOR NCE 1996 NCE V2203-E MINE MASTER 2000 Kubota

3304 87V1138-5274 1987 Caterpillar RTV 900 2004 Kubota RTV 900 2004 Kubota RTV 900 2004 Kubota


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HOLT MINE The Holt Mine was a 460,000 tpa mining operation. The mine workings are accessed

by a 1,195 m deep rectangular four-compartment timber shaft. All underground

workings are accessed by track development from the shaft.

Mining was carried out by longhole stoping with delayed backfill. Stopes were

mined 12.5 m to 25 m wide, along strike, and 10 m to 30 m high. Seventy six millimetre

diameter production blast holes were drilled and loaded with ANFO. Broken ore was

mucked from drawpoints and hauled to one of four internal ore passes using 3.5 yd3

scooptrams. From the ore passes, ore was trammed to an underground jaw crusher using

4.5 t rail cars. From there crusher ore was shaft hoisted to surface in 8.8 mt skips, via a

loading pocket.

A summary of the Holt Mine’s track and trackless underground equipment is listed in

Table 18-2 below.

TABLE 18-2 UNDERGROUND MINE EQUIPMENT – HOLT MINE St Andrew Goldfields Ltd. - Holloway-Holt Project

Type Number Description Manufacture

Trackless 2 R1300 Scooptram Elphinstone 1 3.5 yd Scooptram Wagner 1 4300 Tractor John Deere 1 CFB3 Cable Bolter JCI 1 MK 4x4 Personnel Carrier Miller 1 4CE/JCB Triple Force Miller Track 3 Trojan 4.5 tonne Tandum locomotives Warren 2 Trojan 4.5 tonne locomotives Warren 30 4 tonne rail cars Associated Track Equipment


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MINERAL PROCESSING

HOLLOWAY There has been no processing plant at the Holloway operation. The ore has been

custom processed as summarized in Table 18-3.

TABLE 18-3 HISTORICAL CUSTOM MILLING LOCATION FOR HOLLOWAY St Andrew Goldfields Ltd. - Holloway-Holt Project

Year Holt Macassa Horne St. Andrew Noranda Total

Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade ('000 t) (g/t Au) ('000 t) (g/t Au) ('000 t) (g/t Au) ('000 t) (g/t Au) ('000 t) (g/t Au) ('000 t) (g/t Au)

1993 8,556 6.95 8,556 6.95 1994 - 1995 61,365 5.88 61,365 5.88 1996 209,709 5.60 5,551 6.72 215,260 5.63 1997 235,966 5.32 126,535 5.68 362,501 5.45 1998 314,884 6.59 114,213 6.50 49,265 6.73 4,807 5.30 483,169 6.57 1999 379,970 7.37 48,356 7.17 50,069 6.16 478,395 7.22 2000 435,170 6.78 54,398 6.88 489,568 6.79 2001 552,947 6.41 552,947 6.41 2002 561,472 6.14 561,472 6.14 2003 544,864 4.88 544,864 4.88 2004 515,001 5.18 515,001 5.18 2005 531,012 4.53 531,012 4.53 2006 137,894 5.22 137,894 5.22 Total 4,480,254 5.82 246,299 6.08 97,621 1.12 109,274 6.48 8,556 6.95 4,942,004 5.87

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HOLT MILL The Holt mill was constructed in 1988, originally designed for a throughput of 1,360

tpd. Expansions in 1988 and 2001 increased the throughput to 2,500 tpd and 3,000 tpd,

respectively.

Surface ore storage is a total of 4,900 tonnes in three silos. The grinding circuit

consists of a 16.5 ft. x 20 ft. Allis Chalmers ball mill, converted to a SAG mill, a 13 ft. x

18 ft. Allis Chalmers ball mill and a 16 ft. x12.5 ft. tertiary ball mill, all operating in

series and in closed circuit. The primary cyclone cluster consists of six 15 in. Krebs

D15B cyclones. A secondary cyclone cluster consist of twelve 10 in. Krebs gMAX

cyclones with an Outokumpu PSI-200 online analyzer. The secondary cyclone cluster

feeds a 90 ft. Eimco thickener. The thickener underflow feeds six reaction tanks. The

tank system is conventional gravity flow for slurry and counter-current carbon

advancement.

Precious metal stripping is performed in batch operations, advancing 2.7 tonnes of

loaded carbon through a 4’x 8’ Simplicity screen. Carbon is transferred to an adsorption

column where a Zadra process is utilized as the gold elution method. Barren solution is

circulated through two shell and tube heat exchangers and a 360 kW electric inline heater.

The resulting pregnant solution is pumped from the solution tank to an electrowinning

cell. The gold precipitate is further refined using a 125 kW Inductotherm furnace.

ENVIRONMENTAL CONSIDERATIONS

The Holloway Mine uses an Environmental Management System (EMS). Included in

this system is a regular review of the site environmental policies and procedures, the

potable water system, the mine water treatment and monitoring program, the hazardous

waste and recycling program, landfill management, and the permits/approvals review

processes. To keep the EMS current, revisions are included as part of the continuous


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improvement review cycle. The EMS thus forms the basis for the monitoring, sampling,

and reporting program requirements under each of the pertinent governmental agencies.

More importantly, this allows verification that all the activities at the Holloway Mine

comply with government and company standards.

The Holloway Mine reuses all the underground water in its milling process. This

results in zero effluent discharge to the environment from the Holloway Mine.

TAILINGS MANAGEMENT There are four individual ponds; two tailing ponds, one sludge precipitate pond, and

one polishing pond. Within these facilities are 18 individual dam structures. There is a

total 465.4 ha of watershed area and 212 ha of tailings area within these facilities. The

remaining storage capacity is approximately 1.5 million tonnes

These tailings facilities has had an excellent history of toxicity compliance.

CLOSURE PLAN HOLLOWAY

As part of the Holloway Mine development phase, a detailed technical Closure Plan

was submitted to government agencies as required under the Mining Regulations. The

mine received government approval of this Closure Plan in 1996.

A summary of the Holloway Mine’s closure costs is presented in Table 18-4 below.


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TABLE 18-4 HOLLOWAY CLOSURE COSTS St Andrew Goldfields Ltd. - Holloway-Holt Project

Activity Estimated Cost

(Cdn$) Direct Costs Underground Mine 94,800

Water Treatment/ Mine Water Settling Ponds 11,500 Facilities Demolition 496,200 Facilities/Equipment Disposition and/or Salvage

4,800

Post Closure Monitoring Costs 195,000 Total Direct Costs 802,300 Indirect Costs

Socio-Economic 4,120,000 Consultant Services 60,000 Closure Management 605,000 Bonding 22,500 Taxes 3,000

Total Indirect Costs 4,810,500 Total Direct and Indirect Costs 5,612,800

Contingency 223,900 Total Closure Costs 5,836,700 HOLT

A summary of the Holt Mine’s closure costs is presented in Table 18-5 below.


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TABLE 18-5 HOLT CLOSURE COSTS St Andrew Goldfields Ltd. - Holloway-Holt Project

Activity Estimated Cost

(Cdn$) Direct Costs Roads, Railways, Airstrips 56,100 Pits, Borrow Areas and Trenches 145,400 Underground Mine 191,500 Water Treatment/ Tailing Storage 300,000 Water Treatment/ Mine Water Settling

Ponds 20,000

Waste Rock Dump, Stockpile, Landfill Reclamation

43,300

Tailings Storage Facility Reclamation 294,200 Facilities Demolition 1,898,500 Post Closure Monitoring Costs 921,000 Total Direct Costs 3,870,000 Indirect Costs Socio-Economic 1,195,000 Consultant Services 454,500 Closure Management 400,000 Bonding 67,500 Taxes 3,000 Total Indirect Costs 2,120,000 Total Direct and Indirect Costs 5,990,000 Contingency 719,300 Total Closure Costs 6,709,300


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OPERATING COSTS

A summary of operating costs for the past three years is presented in Table 18-6

below. Mine production costs increased from 2004 to 2005 due to higher development

costs.

TABLE 18-6 HOLLOWAY PRODUCTION COSTS St Andrew Goldfields Ltd. - Holloway-Holt Project

YTD March

Holloway Mine 2003 2004 2005 2006 (Cdn$/t) (Cdn$/t) (Cdn$/t) (Cdn$/t)

Mill Throughput (tonnes) 544,864 515,001 531,011 97,720 Mining Development 6.91 13.34 22.17 25.07 Stoping 8.02 8.14 9.91 11.11 Construction & Material Handling 2.00 2.03 2.11 2.49 Exploration Diamond Drilling - - 1.66 - Maintenance 3.41 4.02 4.77 5.43 Supervision 9.57 10.18 12.68 17.57 General & Administration 0.42 0.62 0.84 2.13 Total Production Mining Costs 30.33 38.34 54.15 63.81 Milling Operations - 2.20 5.64 5.07 Maintenance - 0.20 2.50 3.78 Other 18.56 14.16 1.28 1.60 General & Administration - 1.35 7.55 8.94 Total Milling Costs 18.56 17.90 16.97 19.38 Surface Facilities Structures 0.21 0.16 0.19 0.43 Services 0.39 0.31 0.23 0.76 Maintenance 1.35 1.16 1.06 0.85 Vehicles 0.11 0.06 0.10 0.10 Supervision 4.00 6.32 6.38 11.36 Total Surface Facilities 6.06 8.01 7.95 13.50 Administration 4.27 6.18 6.18 8.15 TOTAL PRODUCTION COSTS 59.23 70.43 85.25 104.84


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MANPOWER A summary of the on-site manpower, as of December 31, 2005 is presented in Table

18-7 below.

TABLE 18-7 HOLLOWAY MANPOWER St Andrew Goldfields Ltd. - Holloway-Holt

Project

Classification Supervisory Operating & Technical Staff Total

Mine 28 110 138 Mill 3 20 23 Environmental 1 1 HR & Safety 4 - 4 Administration 13 4 17 Total 48 135 183


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19 INTERPRETATION AND CONCLUSIONS DATABASE

• The diamond drilling techniques and technical controls were performed to industry standards and produced samples of adequate quality to develop a database for resource estimation.

• The sampling method and approach, as well as the sample preparation and

analyses, were adequate for resource estimation. • The data verification program does not include submission of blank, standard, and

duplicate samples.

MINERAL RESOURCES AND MINERAL RESERVES

• The assumptions, parameters, and methodology are appropriate for the style of mineralization.

• Scott Wilson RPA concurs with the Newmont April 30, 2006 mineral resource

estimate at the Holloway-Holt Project, i.e., measured plus indicated mineral resources totaling 4 million tonnes grading 7.4 g/t gold, for 963,000 ounces of contained gold, and inferred mineral resources of 1.2 million tonnes grading 7.3 g/t gold, for 270,000 ounces of contained gold.

• Mineral resources have been estimated according to the requirements of CIM

definitions and, in Scott Wilson RPA’s opinion, are compliant with NI43-101. • Mineral reserves have not been reconciled to the actual tonnes and grade

processed. Generally, the processed grade has been approximately ten percent lower than the mineral reserve grade.

EXPLORATION POTENTIAL

The Holloway-Holt Project has an attractive mix of mining and exploration assets.

The property package comprising claims, patents, and mining leases covers an area of

148 sq. km, straddling 40 km of the regionally important Destor-Porcupine Deformation

Zone. Such a large and coherent land holding in an old and productive gold belt is


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extremely rare. There are numerous gold showings and excellent exploration potential.

The fully permitted and until recently operational Holloway and Holt mine and mill

complex represents multimillion dollars in replacement costs. With expanded ore

reserves, this facility could return to commercial production.

Scott Wilson RPA has laid out below a series of conclusions which pertain to

exploration in general. They are subdivided as to 1) underground work in the Holloway

and Holt Mines, 2) conclusions excerpted from the Rhys (2005a,b) reports, 3) excerpts

from Rhys’ (2005a) 8.0 Property Scale exploration Implications, and 4) Scott Wilson

RPA conclusions regarding exploration on the Holt-Holloway property package.

PREVIOUSLY EXPLORED MINERALIZED ZONES • Scott Wilson RPA reviewed the exploration potential of the shaft Holloway

and Holt Mine workings with Holloway-Holt staff and concluded that there were a number of areas requiring more exploration drilling in both mines. These locations are detailed in Item 9 Mineralization.

• Scott Wilson RPA, in consultation with the Holloway-Holt geological staff,

concludes that there is potential to expand the known mineralized zones on Lightval and Newmex property segments and at the Blacktop, Ghost, Pumphouse, and 42 E zones.

• From the Lightval property eastward, beyond the Blocktop and Pumphouse

Zones, there is unexplored gold potential in the footwall volcanic package, to the north of the correlative Lightning Zone volcanic package.

CONCEPTUAL TARGETS - RHYS (2005A, B) REPORT The following conclusions and concepts are excerpted from Rhys (2005a,b) because

they are well worth repeating here. Among the various aspects that Rhys covered, the

following are mentioned because of their relevance to future exploration on the property

package.


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• The Ghostmount and McKenna faults at the Holt Mine are northeast to east-northeast trending, late brittle faults that may displace parts of mineralized zones where they intersect them suggesting potential for continuations of mineralized areas across the fault gap.

• At both Holt and Holloway, early hematite-bearing alteration is often replaced

by later pyrite-gold bearing alteration on fracture surfaces and pyrite-quartz-carbonate veinlets, which often have shallow dips, and coalescing alteration envelopes. The common shallow dipping orientation of these is consistent with a vertical component of syn-mineralization displacement along associated shear zones, and suggests the potential for other shallow dipping zones forming extensional fracture networks peripheral to controlling structures. Such mineralization styles may be exemplified by the Tousignant Zone.

• The localization of mineralized zones in the Holt and Holloway Mines in, and

adjacent to, east-northeast trending, altered high strain zones, common absence of such structures outside of mineralized areas, and textural relationships suggesting coeval fabric development and mineralization collectively suggest that mineralization in the area is controlled by these structures. Since these features extend beyond the limits of individual ore zones, they form a much larger footprint than the mineralization itself.

• In areas where multiple lithologic units are developed, shear zones that pass

obliquely through the lithologic sequence are considered more prospective than those that are parallel.

• Based on aeromagnetic patterns, and the locations of known alteration-high

strain zones, examination of property geological and geophysical maps, in combination with known drill hole data, suggests that several east-northeast trending shear zones are developed across the area, including in the Lightval property area west of Holloway, and at least three structures developed in the mafic volcanic sequence to the northwest of the McDermott shear zone. These are shown hypothetically in Figure 7-3, with potential property scale targets.

• The sequence of mineralization at Holloway is comparable to deposits in the

Timmins area, evolving from early disseminated mineralization styles through later quartz-tourmaline veins, and late flat quartz extension veins associated with semi-brittle faults. The endowment of mineralization, however, differs in each stage: at Holloway, most gold mineralization was introduced in early replacement phases, while in the Timmins area, the later stage vein systems associated with shallow dipping extension vein arrays introduced the bulk of gold mineralization. The flat fault-related and quartz-tourmaline vein systems


19-4

at Holloway illustrate the potential for development of Timmins and Val D’Or style vein systems in the local area.


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20 RECOMMENDATIONS ST ANDREW WORK PLAN

St Andrew plans to initiate a detailed analysis of the Holloway Mine as to the

optimum approach to reopen the Holloway Mine in an orderly manner upon closing the

acquisition of the Holloway Mining Company, a subsidiary of Newmont Canada. St

Andrew’s plan is to begin development and mining of the Blacktop deposit, previously

discovered by Newmont, and any other zones as determined from its analysis, starting in

late first quarter or early second quarter, 2007.

Currently, Newmont has 24 employees maintaining the Holloway and Holt facilities

on a care-and-maintenance status. These employees are engaged in maintaining the two

mines and related milling facilities in a dry and safe condition, maintaining compliance

with all environmental, safety and other governmental regulations, and other normal

activities to enable the placement of the facilities into production in an orderly manner.

St Andrew intends to continue this care-and-maintenance status while it develops detailed

plans to allow a production decision to be made for the Blacktop deposit and for any

other zones. This process, including the implementation of such plans, is expected to

take up to six months.

St Andrew has begun the process to plan the above-mentioned planning activities.

Personnel have been assigned to review currently available data necessary to enable an

orderly translation of ownership and the implementation of plans for production.

Newmont care-and-maintenance employees are being interviewed by St Andrew for

consideration for employment after the acquisition is complete.

Planning efforts include reviewing existing data, preparation of detailed development

plans including planning for needed delineation drilling and development drifting,

assumption of land management and environmental responsibilities, overall management


20-2

of the property and other normal items required for an orderly translation of ownership

and implementation of operations.

St Andrew’s budget for the implementation of initial plans leading to a production

decision is presented in Table 20-1.

TABLE 20-1 HOLLOWAY-HOLT PLANNING BUDGET St Andrew Goldfields Ltd. - Holloway-Holt Project

ITEM BUDGET

(C$) Care-and-Maintenance of Facilities 6 Mo @ $500,000/mo $ 3,000,000 Technical Studies related to property $ 500,000 Environmental Compliance $ 100,000 Management $ 150,000 Sub-total $ 3,750,000 Contingency @ 7% $ 250,000 TOTAL $ 4,000,000

Note: This budget does not include the cost of any underground development work or drilling.

Scott Wilson RPA has reviewed the St Andrew work plan and agrees with it,

including the proposed budget.

OTHER RECOMMENDATIONS

• Subsequent diamond drill programs should incorporate an industry standard QA/QC program, including submission of blank, standard, and duplicate samples.

• Statistical analysis should be conducted to determine the appropriate grade cutting

level for mineral resources. • Subsequent diamond drill programs should incorporate bulk density testing. • There are existing geological compilations for the geology of the land package.

Appropriate time should be allotted to update and understand the compiled


20-3

geological picture. The compilation will likely include relogging of diamond drill core from the various properties.

• Geological interpretation should be updated using the David Rhys structural

model as a guide. • Exploration targets should be prioritized and an exploration work plan and budget

prepared. The exploration program should comprise an appropriate combination of diamond drilling to extend existing resources as well testing new targets.


21-1

21 REFERENCES Ayer, J.A., Trowell, N.F., Amelin, Y. and Corfu, F. 1999: Geological Compilation of the

Abitibi Greenstone Belt in Ontario: Toward a revised Stratigraphy Based on Compilation and New Geochronology Results; in Summary of Field Work and Other Activities 1998: OGS MP169, pp. 14-24.

Ayer, J.A., Thurston, P.C., Bateman, R., Dube, B., Gibson, H.L., Hamilton, M.A.,

Hathway, B., Hocker, S.M., Houle, M.G., Hudak, G., Ispolatov, V.O., Lafrance, B., Lesher, C.M., MacDonald, P.J., Peloquin, A.S., Piercy, S.J., Reed, L.E. and Thompson, P.H., 2005: Overview of results from the Greenstone Architecture Project: Discover Abitibi Initiative: OGS, Open File 6154, 146 p.

Ayer, J.A., Amelin, Y., Kamo, S.L., Ketchum, J.W.F., Kwok, K. and Trowell, N. 2002:

Evolution of the southern Abitibi greenstone belt based on U-Pb chronology: autochthonous volcanic construction followed by plutonism, regional deformation and sedimentation; Precambrian Research, v. 115, pp. 63-95.

Barrick Gold Corporation, 2002: Information Document “Holt-McDermott Gold

Processing Operation”. Born, P. 1995: A sedimentary basin analysis of the Abitibi greenstone belt in the

Timmins area, northern Ontario, Canada; Unpublished Ph. D. Thesis, Carlton University, Ottawa, 489 p.

Corfu, F., Jackson, S.L., and Sutcliffe, R.H., 1991: U-Pb ages and tectonic significance of

late alkalic nonmarine sedimentation: Timiskaming Group, southern Abitibi belt. Canadian Journal of Earth Sciences, vol. 28, pp. 489-503.

Goldfarb, R.J., Groves,D.I., Gardoll, S. 2001: Orogenic gold and geologic time: a global

synthesis: Ore Geology Reviews, vol 18, pp. 1-75. Heather, K.B. 1998: New insights on the stratigraphy and structural geology of the

southwestern Abitibi greenstone belt: Implications for the tectonic evolution and setting of mineral deposits in the Superior Province: in The first age of giant ore formation: stratigraphy, tectonics and mineralization in the Late Archean and Early Proterozoic; Papers presented at the PDAC, pp. 63-101.

Jensen, L.G., 1978: Stoughton and Marriott Townships, District of Coachrane. Ontario

Geological Survey, report 173, 72 pages plus map.


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Jensen, L.S., and Langford, F.F., 1985: Geology and Petrogenesis of the Archean Abitibi belt in the Kirkland Lake area, Ontario. Ontario Geological Survey, Miscellaneous Paper 123, 130 p.

Lelievre J., 2006: Metallurgical Tests on Holloway Ore, Unite de Recherche et de Service

en Technologie Minerale (URSTM), January 16, 2006. Newmont, 2006: Confidential Information Memorandum “Holloway-Holt Mining Camp,

Ontario, Canada”, March 2006. Poulsen, K.H., Robert, F., and Dube, B., 2000: Geological classification of Canadian gold

deposits; geological Survey of Canada, Bulletin 540, 106 p. Rhys, D.A., 2005a: Structural study of the Holloway and Holt-McDermott deposits,

Ontario, with exploration implications; unpublished report for Newmont Canada Ltd., 79 pages plus appendices.

Rhys, D.A., 2005b: October 2005 Site Visit: observations and implications; unpublished

Memo to Newmont Canada Ltd., 15 p. Ropchan, J.R., Luinstra, B., Fowler, A.D., Benn, K., Ayer, J., Berger, B., Dahn, R.

Lebine, R. & Amelin, Y., 2002: Host rock and structural controls on the nature and timing of gold mineralization at the Holloway Mine, Abitibi Subprovince, Ontario. Economic Geology, 97, pp. 291-309.

Satterly, J., 1949: Geology of Garrison Township. Ontario Department of Mines, Annual

report, vol. LVIII, part IV, 31 pages and map. Satterly, J., 1952: Geology of Harker Township. Ontario Department of Mines, Annual

report, vol. LX, part VII, 47 pages and map. Satterly, J., 1954: Geology of the north half of Holloway Township. Ontario Department

of Mines, Annual report, vol. LXII, part VII, 38 pages and map.


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22 SIGNATURE PAGE This report titled Technical Report on the Holloway-Holt Mining Project,

Northeastern Ontario, Canada, prepared for St Andrew Goldfields Ltd. and dated October

2, 2006, was prepared and signed by the following authors:

(Signed and Sealed) Dated at Toronto, Ontario R. Barry Cook, M.Sc., P.Eng. October 2, 2006 Associate Geologist (Signed and Sealed) Dated at Toronto, Ontario Wayne Valliant, P.Geo. October 2, 2006 Associate Geologist (Signed and Sealed) Dated at Toronto, Ontario James J. Pearson, P.Eng. October 2, 2006 Associate Mining Engineer


23-1

23 CERTIFICATE OF QUALIFICATIONS R. BARRY COOK

I, R. Barry Cook, P.Eng., as an author of this report entitled “Technical Report on the Holloway-Holt Mining Project, Northeastern Ontario, Canada”, prepared for St Andrew Goldfields Ltd. and dated October 2, 2006, do hereby certify that:

1. I am Associate Geologist with Scott Wilson Roscoe Postle Associates Inc. of Suite

501, 55 University Ave., Toronto, ON, M5J 2H7. 2. I am a graduate of Queen’s University, Kingston, Ontario, Canada, in 1962 with a

Bachelor in Science degree in Geological Engineering and in 1964 with a Master of Science degree in Geological Engineering.

3. I am registered as a Professional Engineer in the Province of Ontario (Reg.#

9202011) and as a Professional Engineer/Professional Geologist in the Northwest Territories. I have worked as a professional geologist for a total of 40 years since my graduation. My relevant experience for the purpose of the Technical Report is:

• Review and report as a consultant on numerous exploration and mining projects around the world for due diligence and regulatory requirements.

• Geological Consultant on field and drilling programs to major Canadian and international mining companies.

• Exploration Manager, Eastern Canada, with a mandate to find and acquire mineral deposits.

• Assistant Manager, Exploration Eastern Canada, in charge of technical programs, budget development, and exploration work.

• Assistant Manager Europe and Africa with a major Canadian mining company responsible for project supervision in a wide variety of cultural, linguistic, political, and geological environments.

4. I have read the definition of "qualified person" set out in National Instrument 43-101

("NI43-101") and certify that by reason of my education, affiliation with a professional association (as defined in NI43-101) and past relevant work experience, I fulfill the requirements to be a "qualified person" for the purposes of NI43-101.

5. I visited the Holloway-Holt Project on April 10-12, 2006. 6. I am responsible for preparation of Items 1 through 14, and part of Items 19 and 20

of the Technical Report. 7. I am independent of the Issuer applying the test set out in Section 1.4 of National

Instrument 43-101.


23-2

8. I have had no prior involvement with the property that is the subject of the Technical Report.

9. I have read National Instrument 43-101, and the Technical Report has been prepared

in compliance with National Instrument 43-101 and Form 43-101F1. 10. To the best of my knowledge, information, and belief, the Technical Report contains

all scientific and technical information that is required to be disclosed to make the technical report not misleading.

Dated 2nd day of October, 2006 (Signed and Sealed) R.Barry Cook, M.Sc., P.Eng.


23-3

JAMES L. PEARSON I, James L. Pearson, P.Eng., as an author of this report entitled “Technical Report on

the Holloway-Holt Mining Project, Northeastern Ontario, Canada”, prepared for St Andrew Goldfields Ltd. and dated October 2, 2006, do hereby certify that:

1. I am an Associate Mining Engineer with Scott Wilson Roscoe Postle Associates Inc.

of Suite 501, 55 University Ave Toronto, ON, M5J 2H7. 2. I am a graduate of Queen’s University, Kingston, Ontario, Canada, in 1973 with a

Bachelor of Science degree in Mining Engineering. 3. I am registered as a Professional Engineer in the Province of Ontario (Reg. No.

36043016). I have worked as a mining engineer for a total of 32 years since my graduation. My relevant experience for the purpose of the Technical Report is:

• Review and report as a consultant on numerous exploration and mining projects around the world for due diligence and regulatory requirements.

• Project Manager and Superintendent of Engineering and Projects at several underground operations in South America

• Senior Mining Engineer with a large Canadian mining company responsible for development of engineering concepts, mine design and maintenance

• Mining analyst at several Canadian brokerage firms 4. I have read the definition of "qualified person" set out in National Instrument 43-101


5. I visited the Holloway-Holt Project on April 10-12, 2006. 6. I am responsible preparation of Items 16 and 18, and parts of Item 5 of the Technical

Report. 7. I am independent of the Issuer applying the test set out in Section 1.4 of National

Instrument 43-101. 8. I have had no prior involvement with the property that is the subject of the Technical

Report. 9. I have read National Instrument 43-101, and the Technical Report has been prepared

in compliance with National Instrument 43-101 and Form 43-101F1.


23-4

10. To the best of my knowledge, information, and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the technical report not misleading. Dated 2nd day of October, 2006 (Signed and Sealed) James L. Pearson, P.Eng.


23-5

WAYNE W. VALLIANT I, Wayne W. Valliant, P.Geo., as an author of this report entitled “Technical Report

on the Holloway-Hold Mining Project, Northeastern Ontario, Canada”, prepared for St Andrew Goldfields Ltd. and dated October 2, 2006, do hereby certify that:

1. I am an Associate Geologist with Scott Wilson Roscoe Postle Associates Inc. of Suite

501, 55 University Ave Toronto, ON, M5J 2H7. 2. I am a graduate of Carleton University, Ottawa, Ontario, Canada in 1973 with a

Bachelor of Science degree in Geology. 3. I am registered as a Geologist in the Province of Ontario (Reg.# 1175). I have

worked as a geologist for a total of 33 years since my graduation. My relevant experience for the purpose of the Technical Report is:

• Review and report as a consultant on more than thirty mining operations and projects around the world for due diligence and resource/reserve estimation, including:

o Detour Lake Mine, Ontario o Pamour Mine, Porcupine, Ontario o Nighthawk Lake Mine, Timmins, Ontario

• General Manager of Technical Services for corporation with operations and mine development projects in Canada and Latin America

• Superintendent of Technical Services at three mines in Canada and Mexico

• Chief Geologist at three Canadian mines, including two gold mines 4. I have read the definition of "qualified person" set out in National Instrument 43-101


5. I visited the Holloway-Holt Project on April 10-12, 2006, and May 1-5, 2006. 6. I am responsible for Item 17, Mineral Resources and Mineral Reserves, and portions

of Items 11-14, 19, and 20 of the Technical Report. 7. I am independent of the Issuer applying the test set out in Section 1.4 of National

Instrument 43-101. 8. I have had no prior involvement with the property that is the subject of the Technical

Report.


23-6

9. I have read National Instrument 43-101, and the Technical Report has been prepared in compliance with National Instrument 43-101 and Form 43-101F1.

10. To the best of my knowledge, information, and belief, the Technical Report contains

all scientific and technical information that is required to be disclosed to make the technical report not misleading.

Dated 2nd day of October, 2006 (Signed and Sealed) Wayne W. Valliant, P. Geo.


24-1

24 APPENDIX 1 CLAIM GROUP INVENTORY

A tabulation of the of the information relevant to all of the claims, patents and mining

leases in the various property elements within the Holloway-Holt property package

ABBREVIATIONS USED

M & S - mineral and surface rights mro - mineral rights only sro - surface rights only BMCL - Battle Mountain Canada Ltd. – name changed to Newmont Canada

Limited NCL - Newmont Canada Limited NMCCL - Newmont Mining Corporation of Canada Limited – name changed from

Franco-Nevada Mining Corporation Limited HGMI - Hemlo Gold Mines Inc. – name changed to Battle Mountain Canada Ltd. FRI - Freewest Resources – acquired by Hemlo Gold Mines Inc. Procan - Procan Exploration Company Limited

BG-Barrick East Project Number BG-07 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or

Lease Parcel Rights Rec. Date Due

Date Work/Tax Req.

Reserve

Leased L628520 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L628533 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L628534 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L633296 1 HOLLOWAY NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L633297 1 HOLLOWAY NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L633298 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L633299 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L633300 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L633301 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L633303 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L633305 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L633306 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L633308 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L633309 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L633310 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L633311 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L802663 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L802666 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 L802667 1 HARKER NCL 0000104596 1534 SEC M&S 01/01/2000 $0 Total Leased 19 $0 Group Totals: 19 304 Hectares: Work: $0 Taxes:

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BG-Barrick-Holloway Project Number BG-04 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Date Work/Tax Req.

Reserve

Leased L616488 1 HOLLOWAY NCL 0000104791 1505 LC M&S 01/01/2000 $0 L616489 1 HOLLOWAY NCL 0000104791 1505 LC M&S 01/01/2000 $0 L801063 1 HOLLOWAY NCL 0000104791 1505 LC M&S 01/01/2000 $0 L801065 1 HOLLOWAY NCL 0000104791 1505 LC M&S 01/01/2000 $0 L802768 1 HOLLOWAY NCL 0000104791 1505 LC M&S 01/01/2000 $0 Total Leased 5 $0 Group Totals: 5 80 Hectares: Work: $0 Taxes:

BG-Cahill Project Number BG-03 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Date Work/Tax Req.

Reserve

Patented L11087 1 HOLLOWAY NCL cp837 4069 SEC M&S 01/01/2000 $0 Total Patented 1 $0 Group Totals: 1 23 Hectares: Work: $0 Taxes:

BG- Canamax Project Number BG-09 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Date Work/Tax Req.

Reserve

Leased CLM373 9 HARKER NCL 0000-106-

043 1635 LC M&S 01/01/2000 $0

Total Leased 9 $0 Group Totals: 9 155 Hectares: Work: $0 Taxes:

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BG- Goldcorp Project Number BG-13 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Date Work/Tax Req.

Reserve

Patented L7135 1 HOLLOWAY NCL tp7329 2795 SEC M&S 01/01/2000 $0 L7219 1 HOLLOWAY NCL tp7338 2799 SEC M&S 01/01/2000 $0 L7220 1 HOLLOWAY NCL tp7330 2796 SEC M&S 01/01/2000 $0 L7221 1 HOLLOWAY NCL tp7339 2800 SEC M&S 01/01/2000 $0 L7241 1 HOLLOWAY NCL tp7340 3201 SEC M&S 01/01/2000 $0 L7242 1 HOLLOWAY NCL tp7341 3202 SEC M&S 01/01/2000 $0 L7246 1 HOLLOWAY NCL tp7342 3203 SEC M&S 01/01/2000 $0 L7248 1 HOLLOWAY NCL tp7343 3204 SEC M&S 01/01/2000 $0 Total Patented 8 $0 Group Totals: 8 174 Hectares: Work: $0 Taxes:

BG- Lenora Project Number BG-10 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Date Work/Tax Req.

Reserve

Leased CLM374 6 HARKER NCL 0000-106-587 1730 LC M&S 01/01/2000 $0 Total Leased 6 $0 Group Totals: 6 97 Hectares: Work: $0 Taxes:

BG- Manville Project Number BG-11 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Date Work/Tax Req.

Reserve

Leased CLM390 9 HARKER NCL 0000-106-586 1730 LC M&S 01/01/2000 $0 Total Leased 9 $0 Group Totals: 9 144 Hectares

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BG- Mattawasaga Project Number BG-05 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or

Lease Parcel Rights Rec. Date Due Date Work/Tax

Req. Reserve

Leased L579669 1 HOLLOWAY NCL 0000104907 1518 LC MRO 01/01/2000 $0 L579670 1 HOLLOWAY NCL 0000104907 1518 LC MRO 01/01/2000 $0 L596247 1 HOLLOWAY NCL 0000-105-123 1547 LC MRO 01/01/2000 $0 L596248 1 HOLLOWAY NCL 0000104907 1518 LC MRO 01/01/2000 $0 L596249 1 HOLLOWAY NCL 0000104907 1518 LC MRO 01/01/2000 $0 L596250 1 HOLLOWAY NCL 0000-105-123 1547 LC MRO 01/01/2000 $0 L579669000 1 HOLLOWAY NCL 0000104907 1518 LC M&S 01/01/2000 $0 L596248000 1 HOLLOWAY NCL 0000104907 1518 LC M&S 01/01/2000 $0 L596249000 1 HOLLOWAY NCL 0000104907 1518 LC M&S 01/01/2000 $0 Total Leased 9 $0

Patented

L11260 1 HOLLOWAY NCL 23588SEC SRO 01/01/2000 $0 L11261 1 HOLLOWAY NCL 23588SEC SRO 01/01/2000 $0 L11264 1 HOLLOWAY NCL 23588SEC SRO 01/01/2000 $0 L32921 1 HOLLOWAY NCL L 11265 23588SEC SRO 01/01/2000 $0 L32925 1 HOLLOWAY NCL L 13403 23588SEC SRO 01/01/2000 $0 L32926 1 HOLLOWAY NCL L 11263 23588SEC SRO 01/01/2000 $0 L32931 1 HOLLOWAY NCL L 11415 23588SEC SRO 01/01/2000 $0 L32932 1 HOLLOWAY NCL L 11261 23588SEC SRO 01/01/2000 $0 Total Patented 8 $0 Group Totals: 17 272 Hectares: Work: $0 Taxes:

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BG- McDermott Project Number BG-01 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Date Work/Tax Req.

Reserve

Patented L11381 1 HOLLOWAY NCL cp903 4106 SEC M&S 09/01/2004 $0 L11382 1 HOLLOWAY NCL cp904 4107 SEC M&S 09/01/2004 $0 L11383 1 HOLLOWAY NCL cp905 4108 SEC M&S 09/01/2004 $0 L11417 1 HOLLOWAY NCL cp906 4109 SEC M&S 09/01/2004 $0 L11418 1 HOLLOWAY NCL cp907 4110 SEC M&S 09/01/2004 $0 L11479 1 HOLLOWAY NCL cp3897 8305 SEC M&S 09/01/2004 $0 L11535 1 HOLLOWAY NCL cp909 4112 SEC M&S 09/01/2004 $0 L11548 1 HOLLOWAY NCL cp908 4111 SEC M&S 09/01/2004 $0 L11614 1 HOLLOWAY NCL cp910 4113 SEC M&S 09/01/2004 $0 L13137 1 HOLLOWAY NCL cp1043 4194 SEC M&S 09/01/2004 $0 Total Patented 10 $0 Group Totals: 10 102 Hectares: Work: $0 Taxes:

BG- Newmex Project Number BG-08 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Leased CLM313 11 HARKER NCL 0000104955 1535 LC M&S 01/01/2000 $0 Total Leased 11 $0 Group Totals: 11 178 Hectares: Work: $0 Taxes:

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BG- Polishing Pond Project Number BG-14 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Unpatented L784869 1 HOLLOWAY NCL SRO 10/22/1984 10/22/2006 $400 $0

L784871 1 HOLLOWAY NCL SRO 10/22/1984 10/22/2006 $400 $0 L784872 1 HOLLOWAY NCL SRO 10/22/1984 10/22/2006 $400 $0 L588478000 1 HOLLOWAY NCL SRO 02/16/1981 02/16/2007 $400 $0 L588479000 1 HOLLOWAY NCL SRO 02/16/1981 02/16/2007 $400 $0 L588534000 1 HOLLOWAY NCL SRO 02/16/1981 02/16/2007 $400 $0 L588535000 1 HOLLOWAY NCL SRO 02/16/1981 02/16/2007 $400 $0 L588536000 1 HOLLOWAY NCL SRO 02/16/1981 02/16/2007 $400 $0 L588537000 1 HOLLOWAY NCL SRO 02/16/1981 02/16/2007 $400 $0 L588540000 1 HOLLOWAY NCL SRO 02/16/1981 02/16/2007 $400 $0 L121384100 2 HOLLOWAY NCL SRO 02/14/1996 02/14/2010 $800 $0 Total Unpatented 12 $4,800 $0 Group Totals: 12 176 Hectares: Work: $4,800 $0 Taxes:

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BG- Tailings Project Number BG-12 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Leased CLM346000 1 HOLLOWAY NCL 0000-106-029 21007SEC SRO 02/01/1991 $0 L588571 1 HOLLOWAY NCL 0000-105-250 1574 LC SRO 01/01/2000 $0 L588572 1 HOLLOWAY NCL 0000-105-250 1574 LC SRO 01/01/2000 $0 L599015 1 HOLLOWAY NCL 0000-105-250 1574 LC SRO 01/01/2000 $0 L599016 1 HOLLOWAY NCL 0000-105-250 1574 LC SRO 01/01/2000 $0 L599018 1 HOLLOWAY NCL 0000-105-250 1574 LC SRO 01/01/2000 $0 L599019 1 HOLLOWAY NCL 0000-105-250 1574 LC SRO 01/01/2000 $0 L588253000 1 HOLLOWAY NCL 0000-105-150 1578 LC SRO 03/01/1989 $0 L588258000 1 HOLLOWAY NCL 0000-105-150 1578 LC SRO 03/01/1989 $0 L588260000 1 HOLLOWAY NCL 0000-105-150 1578 LC SRO 03/01/1989 $0 L588261000 1 HOLLOWAY NCL 0000-105-150 1578 LC SRO 03/01/1989 $0 L588262000 1 HOLLOWAY NCL 0000-105-150 1578 LC SRO 03/01/1989 $0 L588271000 1 HOLLOWAY NCL 0000-105-150 1578 LC SRO 03/01/1989 $0 L588272000 1 HOLLOWAY NCL 0000-105-150 1578 LC SRO 03/01/1989 $0 L588273000 1 HOLLOWAY NCL 0000-105-150 1578 LC SRO 03/01/1989 $0 L599028000 1 HOLLOWAY NCL 0000-105-315 1578 LC SRO 07/01/1989 $0

L599029000 1 HOLLOWAY NCL 0000-105-315 1578 LC SRO 07/01/1989 $0 L599037000 1 HOLLOWAY NCL 0000-105-315 1578 LC SRO 07/01/1989 $0 L599038000 1 HOLLOWAY NCL 0000-105-315 1578 LC SRO 07/01/1989 $0 L599039000 1 HOLLOWAY NCL 0000-105-315 1578 LC SRO 07/01/1989 $0 L599040000 1 HOLLOWAY NCL 0000-105-315 1578 LC SRO 07/01/1989 $0 Total Leased 21 $0

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Continuation of BG-Tailings, Project No. BG-12 Patented

L10218 1 HOLLOWAY NCL cp1157 21000SEC SRO 01/01/2000 $0 L10219 1 HOLLOWAY NCL cp1158 21001SEC SRO 01/01/2000 $0 L10220 1 HOLLOWAY NCL cp1169 21002SEC SRO 01/01/2000 $0 L10221 1 HOLLOWAY NCL cp1170 21003SEC SRO 01/01/2000 $0 L10222 1 HOLLOWAY NCL cp1154 21004SEC SRO 01/01/2000 $0 L13997 1 HOLLOWAY NCL cp1319 21005SEC SRO 01/01/2000 $0 L13998 1 HOLLOWAY NCL cp1320 21005SEC SRO 01/01/2000 $0 L13999 1 HOLLOWAY NCL cp1321 21007SEC SRO 01/01/2000 $0 Total Patented 8 $0 Group Totals: 29 813 Hectares: Work: $0 Taxes: BG- Three Star Project Number BG-02 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented

L11009 1 HOLLOWAY NCL cp691 8168 SEC M&S 01/01/2000 $0 L11010 1 HOLLOWAY NCL cp687 8164 SEC M&S 01/01/2000 $0 L11011 1 HOLLOWAY NCL cp690 8167 SEC M&S 01/01/2000 $0 L11012 1 HOLLOWAY NCL cp688 8165 SEC M&S 01/01/2000 $0 L12314 1 HOLLOWAY NCL cp689 8166 SEC M&S 01/01/2000 $0 Total Patented 5 $0 Group Totals: 5 37 Hectares

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BG- West Block Project Number BG-15 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Unpatented

L641387 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641388 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641389 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641390 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641391 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641392 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641393 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641394 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $22,535 L641395 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641396 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641397 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641398 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641399 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641400 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641401 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641402 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641403 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641404 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641405 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641406 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641410 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641411 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641412 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L641413 1 HARKER NCL M&S 03/04/1982 03/04/2008 $400 $0 L802656 1 HARKER NCL M&S 11/27/1984 11/27/2008 $400 $0 L802657 1 HARKER NCL M&S 11/27/1984 11/27/2008 $400 $0

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Continuation of BG-West Block, Project No. BG-15 L802658 1 HARKER NCL M&S 11/27/1984 11/27/2008 $400 $0 L802659 1 HARKER NCL M&S 11/27/1984 11/27/2008 $400 $0 L802668 1 HARKER NCL M&S 03/15/1985 03/15/2008 $400 $0 L802669 1 HARKER NCL M&S 03/15/1985 03/15/2008 $400 $0 L802671 1 HARKER NCL M&S 11/27/1984 11/27/2008 $400 $0 L802672 1 HARKER NCL M&S 11/27/1984 11/27/2008 $400 $4,799 L802673 1 HARKER NCL M&S 11/27/1984 11/27/2008 $400 $0 L802674 1 HARKER NCL M&S 11/27/1984 11/27/2008 $400 $0 L1184131 6 HARKER NCL M&S 10/03/1996 10/03/2008 $2,400 $0 Total Unpatented 40 $16,000 $27,334 Group Totals: 40 640 Hectares: Work: $16,000 $27,334 Taxes:

BG - Worvest Project Number BG-06 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented

L11244 1 HARKER NCL cp919 4119 SEC M&S 01/01/2004 $0 L11245 1 HARKER NCL cp920 4120 SEC M&S 01/01/2004 $0 L11246 1 HARKER NCL cp921 4121 SEC M&S 01/01/2004 $0 L11247 1 HARKER NCL cp900 4103 SEC M&S 01/01/2004 $0 L11248 1 HARKER NCL cp901 4104 SEC M&S 01/01/2004 $0 L11249 1 HARKER NCL cp902 4105 SEC M&S 01/01/2004 $0 L11312 1 HOLLOWAY NCL cp1083 4411 SEC M&S 01/01/2004 $0 L11313 1 HOLLOWAY NCL cp1084 4412 SEC M&S 01/01/2004 $0 L11314 1 HOLLOWAY NCL cp1085 4413 SEC M&S 01/01/2004 $0 L11315 1 HOLLOWAY NCL cp1093 4421 SEC M&S 01/01/2004 $0 L11316 1 HOLLOWAY NCL cp1094 4422 SEC M&S 01/01/2004 $0 Total Patented 11 $0 Group Totals: 11 159 Hectares: Work: $0 Taxes:

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CANAMAX 010-08 Project Number 670 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or

Lease Parcel Rights Rec. Date Due Date Work/Tax Req. Reserve

Leased L525486 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $0 11/01/2000 $99.93 Provincial 11/01/2001 $99.93 Provincial L525487 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $0 11/01/2000 $69.03 Provincial 11/01/2001 $69.03 Provincial L525488 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $0 11/01/2000 $62.70 Provincial 11/01/2001 $62.70 Provincial L525489 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $7,859 11/01/2000 $50.97 Provincial 11/01/2001 $50.97 Provincial Total Leased 4 $565.25 $7,859 Unpatented L632511 1 HARKER NCL M&S 12/08/1981 12/08/2007 $400 $0 L632512 1 HARKER NCL M&S 12/08/1981 12/08/2007 $400 $0 L632513 1 HARKER NCL M&S 12/08/1981 12/08/2007 $400 $0 L1132678 1 HARKER NCL M&S 04/09/1990 04/09/2007 $400 $0 L1132679 1 HARKER NCL M&S 04/09/1990 04/09/2007 $400 $0 L1132680 1 HARKER NCL M&S 04/09/1990 04/09/2007 $400 $9,574 L1132681 1 HARKER NCL M&S 04/09/1990 04/09/2007 $400 $21,095 L132682 1 HARKER NCL M&S 04/09/1990 04/09/2007 $400 $0 L1132683 1 HARKER NCL M&S 04/09/1990 04/09/2007 $400 $0 L1132684 1 HARKER NCL M&S 04/09/1990 04/09/2007 $400 $0 L1132685 1 HARKER NCL M&S 04/09/1990 04/09/2007 $400 $0 L1137349 1 HARKER NCL M&S 12/19/1989 12/19/2007 $400 $0

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Continuation of CANAMAX 010-08, Project No. 670 L1137369 1 HARKER NCL M&S 12/19/1989 12/19/2007 $400 $0 L1137389 1 HARKER NCL M&S 12/19/1989 12/19/2007 $400 $0

Total Unpatented 14 $5,600 $30,669 Group Totals: 18 321 Hectares: Work: $5,600 $38,528 Taxes: $565.25 CANAMAX 010-25 Project Number 670 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Unpatented L1111610 1 HOLLOWAY NCL M&S 12/27/1989 12/27/2007 $400 $0 L1116486 1 HOLLOWAY NCL M&S 12/27/1989 12/27/2007 $400 $0 L1137350 1 HOLLOWAY NCL M&S 12/27/1989 12/27/2007 $400 $0 L1137360 1 HOLLOWAY NCL M&S 12/27/1989 12/27/2007 $400 $0 L1137370 1 HOLLOWAY NCL M&S 12/27/1989 12/27/2007 $400 $0 Total Unpatented 5 $2,000 $0 Group Totals: 5 81 Hectares: Work: $2,000 $0 Taxes: CANAMAX 010-28 Project Number 670 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Leased L525633 1 MCCOOL NE1/4 N1/2 C1 NCL 0000-104-342 MRO 01/01/1986 $0 L525634 1 MCCOOL NW1/4 N1/2 C1 NCL 0000-104-342 MRO 01/01/1986 $0 L525635 1 MCCOOL NE1/4 N1/2 C1 NCL 0000-104-342 MRO 01/01/1986 $0 L525636 1 MCCOOL SE1/4 N1/2 C1 NCL 0000-104-342 MRO 01/01/1986 $0 L525637 1 MCCOOL SW1/4 N1/2 C1 NCL 0000-104-342 MRO 01/01/1986 $0 L525638 1 MCCOOL SE1/4 N1/2 C1 NCL 0000-104-342 MRO 01/01/1986 $0 L525639 1 MCCOOL NW1/4 S1/2 C1 NCL 0000-104-342 MRO 01/01/1986 $0 L525640 1 MCCOOL NE1/4 S1/2 C1 NCL 0000-104-342 MRO 01/01/1986 $0

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Continuation of CANAMAX 010-28, Project No. 670 L540329 1 MCCOOL NW1/4 S1/2 C1 NCL 0000-104-342 MRO 01/01/1986 $0 L540330 1 MCCOOL NE1/4 S1/2 C1 NCL 0000-104-342 MRO 01/01/1986 $0

L540331 1 MCCOOL SW1/4 S1/2 C1 NCL 0000-104-342 MRO 01/01/1986 $0 L540332 1 MCCOOL SE1/4 S1/2 C1 NCL 0000-104-342 MRO 01/01/1986 $0 L540333 1 MCCOOL SW1/4 S1/2 C1 NCL 0000-104-342 MRO 01/01/1986 $0 Total Leased 13 $0 Group Totals: 13 210 Hectares: Work: $0 Taxes: CANAMAX 010-31 Project Number 670 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Leased L528967 1 HARKER NCL 0000107201 MRO 02/01/1999 04/24/1991 $0 02/01/2001 $58.72 Provincial L528968 1 HARKER NCL 0000107201 MRO 02/01/1999 04/24/1991 $0 02/01/2001 $55.40 Provincial L528969 1 HARKER NCL 0000107201 MRO 02/01/1999 04/24/1991 $0 02/01/2001 $58.65 Provincial L528970 1 HARKER NCL 0000107201 MRO 02/01/1999 04/24/1991 $0 02/01/2001 $54.74 Provincial L528971 1 HARKER NCL 0000107201 MRO 02/01/1999 04/24/1991 $0 02/01/2001 $48.58 Provincial L528972 1 HARKER NCL 0000107201 MRO 02/01/1999 04/24/1991 $0 02/01/2001 $55.37 Provincial Total Leased 6 $331.45 $0

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Continuation of CANAMAX 010-31, Project No. 670 Unpatented L1034617 1 HARKER NCL M&S 04/14/1988 04/14/2008 $400 $0 L1201109 2 HARKER NCL M&S 06/30/1994 06/30/2008 $800 $0 L1201110 1 HARKER NCL M&S 06/30/1994 06/30/2008 $400 $0 L3013893 7 HARKER NCL MRO 12/10/2004 12/10/2006 $2,800 $0 L3016950 7 HARKER NCL 100% MRO 12/10/2004 12/10/2006 $2,800 $0 L3016967 2 HARKER NCL 100% MRO 12/10/2004 12/10/2006 $800 $0 L4203533 2 HARKER NCL 100% MRO 02/07/2005 02/07/2007 $800 $0

Total Unpatented 22 $8,800 $0 Group Totals: 28 449 Hectares: Work: $8,800 $0 Taxes: $331.45



Req. Reserve

Leased L529369 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $0 05/01/2001 $44.25 Provincial L529370 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $0 05/01/2001 $42.66 Provincial L529371 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $0 05/01/2001 $75.12 Provincial L529372 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $15,844 05/01/2000 $44.01 Provincial 05/01/2001 $44.01 Provincial L529373 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $0 05/01/2000 $74.64 Provincial 05/01/2001 $74.64 Provincial L529375 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $0 05/01/2000 $42.78 Provincial 05/01/2001 $42.78 Provincial

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Continuation of CANAMAX 010-39, Project No. 670 L586459 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $0 11/01/2000 $28.02 Provincial 11/01/2001 $28.02 Provincial L586460 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $0 11/01/2000 $58.35 Provincial 11/01/2001 $58.35 Provincial L586465 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $0 11/01/2000 $39.72 Provincial 11/01/2001 $39.72 Provincial L586466 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $0 11/01/2000 $24.60 Provincial 11/01/2001 $24.60 Provincial L586467 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $7,565 11/01/2000 $44.13 Provincial 11/01/2001 $44.13 Provincial L586468 1 HARKER NCL 0000-105-642 M&S 05/01/1990 $0 11/01/2000 $44.34 Provincial 11/01/2001 $44.34 Provincial Total Leased 12 $963.20 $23,409 Unpatented L529376 1 HARKER NCL M&S 11/10/1980 11/10/2007 $400 $0 L529377 1 HARKER NCL M&S 11/10/1980 11/10/2007 $400 $0 L529378 1 HARKER NCL M&S 11/10/1980 11/10/2007 $400 $0 L529379 1 HARKER NCL M&S 11/10/1980 11/10/2007 $400 $0 L529380 1 HARKER NCL M&S 11/10/1980 11/10/2007 $400 $0 L529381 1 HARKER NCL M&S 11/10/1980 11/10/2007 $400 $0 L586435 1 HARKER NCL M&S 11/10/1980 11/10/2007 $400 $0 L586436 1 HARKER NCL M&S 11/10/1980 11/10/2007 $400 $0 L586437 1 HARKER NCL M&S 11/10/1980 11/10/2007 $400 $0 L586455 1 HARKER NCL M&S 11/10/1980 11/10/2007 $400 $0 L586456 1 HARKER NCL M&S 11/10/1980 11/10/2007 $400 $6,397

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Continuation of CANAMAX 010-39, Project No. 670 L586457 1 HARKER NCL M&S 11/10/1980 11/10/2007 $400 $0 L586458 1 HARKER NCL M&S 11/10/1980 11/10/2007 $400 $0 L632514 1 GARRISON NCL M&S 12/08/1981 12/08/2007 $400 $0 L641516 1 HARKER NCL M&S 04/07/1982 04/07/2007 $400 $0 L641517 1 HARKER NCL M&S 04/07/1982 04/07/2007 $400 $0 L641518 1 HARKER NCL M&S 04/07/1982 04/07/2007 $400 $0 L641521 1 GARRISON NCL M&S 04/07/1982 04/07/2007 $400 $10,243 L641522 1 GARRISON NCL M&S 04/07/1982 04/07/2007 $400 $6,835 L641523 1 GARRISON NCL M&S 04/07/1982 04/07/2007 $400 $0 L641524 1 HARKER NCL M&S 04/07/1982 04/07/2007 $400 $0 L641526 1 GARRISON NCL M&S 04/07/1982 04/07/2007 $400 $0 L641527 1 GARRISON NCL M&S 04/07/1982 04/07/2007 $400 $0 L641528 1 GARRISON NCL M&S 04/07/1982 04/07/2007 $400 $0 L641529 1 GARRISON NCL M&S 04/07/1982 04/07/2007 $400 $0 L641530 1 GARRISON NCL M&S 04/07/1982 04/07/2007 $400 $0 L650687 1 GARRISON NCL M&S 08/17/1982 08/17/2007 $400 $0 L650688 1 GARRISON NCL M&S 08/17/1982 08/17/2007 $400 $0 L650689 1 GARRISON NCL M&S 08/17/1982 08/17/2007 $400 $0 L650690 1 HARKER NCL M&S 08/17/1982 08/17/2007 $400 $0 L650691 1 HARKER NCL M&S 08/17/1982 08/17/2007 $400 $0 L650692 1 HARKER NCL M&S 08/17/1982 08/17/2007 $400 $0 L661901 1 HARKER NCL M&S 09/30/1982 09/30/2007 $400 $0 L661902 1 HARKER NCL M&S 09/30/1982 09/30/2007 $400 $7,900 L661903 1 HARKER NCL M&S 09/30/1982 09/30/2007 $400 $0 L661904 1 HARKER NCL M&S 09/30/1982 09/30/2007 $400 $0 L667727 1 HARKER NCL M&S 05/27/1983 05/27/2007 $400 $0 L667728 1 HARKER NCL M&S 05/27/1983 05/27/2007 $400 $0 Total Unpatented 38 $15,200 $31,375 Group Totals: 50 803 Hectares: Work: $15,200 $54,784 Taxes: $963.20

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Req. Reserve

Leased L579654 1 HOLLOWAY NCL 0000-104-908 1519LCPT M&S 09/01/1987 $0 L579655 1 HOLLOWAY NCL 0000-104-908 1519LCPT MRO 09/01/1987 $208,030 L579656 1 HOLLOWAY NCL 0000-104-908 1519LCPT MRO 09/01/1987 $241,371 L579657 1 HOLLOWAY NCL 0000-104-908 1519LCPT MRO 09/01/1987 $35,612 L579658 1 HOLLOWAY NCL 0000-104-908 1519LCPT M&S 09/01/1987 $0 L579659 1 HOLLOWAY NCL 0000-104-908 1519LCPT M&S 09/01/1987 $0 L579660 1 HOLLOWAY NCL 0000-104-908 1519LCPT MRO 09/01/1987 $40,553 L579661 1 HOLLOWAY NCL 0000-104-908 1519LCPT MRO 09/01/1987 $298,518 L579662 1 HOLLOWAY NCL 0000-104-908 1519LCPT MRO 09/01/1987 $176,120 L579663 1 HOLLOWAY NCL 0000-104-908 1519LCPT M&S 09/01/1987 $40,336 L579664 1 HOLLOWAY NCL 0000-104-908 1519LCPT M&S 09/01/1987 $4,711 L579665 1 HOLLOWAY NCL 0000-104-908 1519LCPT MRO 09/01/1987 $197,063 L579666 1 HOLLOWAY NCL 0000-104-908 1519LCPT MRO 09/01/1987 $53,209 L579667 1 HOLLOWAY NCL 0000-104-908 1519LCPT MRO 09/01/1987 $32,225 L579668 1 HOLLOWAY NCL 0000-104-908 1519LCPT M&S 09/01/1987 $0 L579671 1 HOLLOWAY NCL 0000-104-908 1519LCPT MRO 09/01/1987 $168,278 L579672 1 HOLLOWAY NCL 0000-104-908 1519LCPT MRO 09/01/1987 $377,642 L579673 1 HOLLOWAY NCL 0000-104-908 1519LCPT MRO 09/01/1987 $21,566 L628048 1 HOLLOWAY NCL 0000-104-906 1520LC M&S 09/01/1987 $0 L628049 1 HOLLOWAY NCL 0000-104-799 1508LC M&S 09/01/1987 $0 L628463 1 HOLLOWAY NCL 0000-105-073 M&S 05/01/1988 $0 L632501 1 HOLLOWAY NCL 0000-105-073 M&S 05/01/1988 $1,452 L632502 1 HOLLOWAY NCL 0000-105-073 M&S 05/01/1988 $18,231 L632503 1 HOLLOWAY NCL 0000-105-073 M&S 05/01/1988 $0 L632504 1 HOLLOWAY NCL 0000-105-073 M&S 05/01/1988 $0 L632505 1 HOLLOWAY NCL 0000-105-073 M&S 05/01/1988 $0 L632506 1 HOLLOWAY NCL 0000-105-073 M&S 05/01/1988 $0

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Continuation of CANAMAX 010-42, Project No. 670 L632820 1 HOLLOWAY NCL 0000-105-106 M&S 08/01/1988 $0 L632826 1 HOLLOWAY NCL 0000-105-073 M&S 05/01/1988 $0 L632827 1 HOLLOWAY NCL 0000-105-073 M&S 05/01/1988 $0 L632828 1 HOLLOWAY NCL 0000-105-073 M&S 05/01/1988 $0 L632829 1 HOLLOWAY NCL 0000-105-073 M&S 05/01/1988 $0 L641631 1 FRECHEVILLE NCL 0000-105-073 M&S 05/01/1988 $0 L641768 1 FRECHEVILLE NCL 0000-105-073 M&S 05/01/1988 $0 Total Leased 34 $1,914,917 Unpatented L586632 1 HOLLOWAY NCL M&S 02/05/1981 02/05/2008 $400 $0 L596245 1 HOLLOWAY NCL MRO 02/05/1981 02/05/2008 $400 $151,602 L596246 1 HOLLOWAY NCL M&S 02/05/1981 02/05/2008 $400 $120,114 L596251 1 HOLLOWAY NCL M&S 02/05/1981 02/05/2008 $400 $119,990 L596252 1 HOLLOWAY NCL M&S 02/05/1981 02/05/2008 $400 $45,197 L596253 1 HOLLOWAY NCL M&S 02/05/1981 02/05/2008 $400 $0 L596254 1 HOLLOWAY NCL M&S 02/05/1981 02/05/2008 $400 $0 L596255 1 HOLLOWAY NCL M&S 02/05/1981 02/05/2008 $400 $0 L596256 1 HOLLOWAY NCL M&S 02/05/1981 02/05/2008 $400 $0 L596257 1 HOLLOWAY NCL M&S 02/05/1981 02/05/2008 $400 $0 L596258 1 HOLLOWAY NCL M&S 02/05/1981 02/05/2008 $400 $0 L596259 1 HOLLOWAY NCL M&S 02/05/1981 02/05/2008 $400 $0 L596260 1 HOLLOWAY NCL M&S 02/05/1981 02/05/2008 $400 $0 L596261 1 HOLLOWAY NCL M&S 02/05/1981 02/05/2008 $400 $0 L632507 1 HOLLOWAY NCL M&S 09/28/1981 09/28/2008 $400 $0 L632508 1 HOLLOWAY NCL M&S 09/28/1981 09/28/2008 $400 $0 L632509 1 HOLLOWAY NCL M&S 09/28/1981 09/28/2008 $400 $0 L632510 1 HOLLOWAY NCL M&S 09/28/1981 09/28/2008 $400 $0 L632515 1 HOLLOWAY NCL M&S 12/08/1981 12/08/2008 $400 $0 L632516 1 HOLLOWAY NCL M&S 12/08/1981 12/08/2008 $400 $0 L632517 1 HOLLOWAY NCL M&S 12/08/1981 12/08/2008 $400 $0

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Continuation of CANAMAX 010-42, Project No. 670 L632518 1 HOLLOWAY NCL M&S 12/08/1981 12/08/2008 $400 $0 L632519 1 HOLLOWAY NCL M&S 12/08/1981 12/08/2008 $400 $0 L632520 1 HOLLOWAY NCL M&S 12/08/1981 12/08/2008 $400 $0 L632818 1 HOLLOWAY NCL M&S 12/08/1981 12/08/2008 $400 $0 L632819 1 HOLLOWAY NCL M&S 12/08/1981 12/08/2008 $400 $0 L632821 1 HOLLOWAY NCL M&S 12/08/1981 12/08/2008 $400 $0 L632822 1 HOLLOWAY NCL M&S 12/08/1981 12/08/2008 $400 $0 L632823 1 HOLLOWAY NCL M&S 12/08/1981 12/08/2008 $400 $0 L632824 1 HOLLOWAY NCL M&S 12/08/1981 12/08/2008 $400 $0 L632825 1 HOLLOWAY NCL M&S 12/08/1981 12/08/2008 $400 $0 L641630 1 FRECHEVILLE NCL M&S 04/28/1982 04/28/2008 $400 $0 L641769 1 FRECHEVILLE NCL M&S 04/28/1982 04/28/2008 $400 $0 L641770 1 FRECHEVILLE NCL M&S 04/28/1982 04/28/2008 $400 $0 L641771 1 FRECHEVILLE NCL M&S 04/28/1982 04/28/2008 $400 $0 L641782 1 FRECHEVILLE NCL M&S 04/28/1982 04/28/2008 $400 $0 L641783 1 FRECHEVILLE NCL M&S 04/28/1982 04/28/2008 $400 $0 L641784 1 FRECHEVILLE NCL M&S 04/28/1982 04/28/2008 $400 $0 L641785 1 FRECHEVILLE NCL M&S 04/28/1982 04/28/2008 $400 $0 L641786 1 FRECHEVILLE NCL M&S 04/28/1982 04/28/2008 $400 $0 L641787 1 FRECHEVILLE NCL M&S 04/28/1982 04/28/2008 $400 $0 Total Unpatented 41 $16,400 $436,903 Group Totals: 75 1,221 Hectares: Work: $16,400 $2,351,820 Taxes:

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Req. Reserve

Leased L579576 1 HOLLOWAY NCL 0000-104-906 1520LC M&S 09/01/1987 $26,481 L579577 1 HOLLOWAY NCL 0000-104-799 M&S 03/01/1987 $118,284 L579586 1 HOLLOWAY NCL 0000-104-799 M&S 03/01/1987 $0 L579587 1 HOLLOWAY NCL 0000-104-799 M&S 03/01/1987 $20,228 L579588 1 HOLLOWAY NCL 0000-104-799 M&S 03/01/1987 $0 L579589 1 HOLLOWAY NCL 0000-104-799 M&S 03/01/1987 $0 L579590 1 HOLLOWAY NCL 0000-104-799 M&S 03/01/1987 $0 L579591 1 HOLLOWAY NCL 0000-104-799 M&S 03/01/1987 $35,649 L579592 1 HOLLOWAY NCL 0000-104-799 M&S 03/01/1987 $24,328 L579593 1 HOLLOWAY NCL 0000-104-799 M&S 03/01/1987 $0 L579594 1 HOLLOWAY NCL 0000-104-799 M&S 03/01/1987 $45,734 L579595 1 HOLLOWAY NCL 0000-104-799 M&S 03/01/1987 $26,336 Total Leased 12 $297,040 Group Totals: 12 209 Hectares: Work: $297,040 Taxes:

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Req. Reserve

Unpatented L663723 1 STOUGHTON NCL M&S 10/14/1982 10/14/2007 $400 $0 L663724 1 STOUGHTON NCL M&S 10/14/1982 10/14/2007 $400 $0 L663725 1 STOUGHTON NCL M&S 10/14/1982 10/14/2007 $400 $0 L663726 1 MARRIOTT NCL M&S 10/14/1982 10/14/2007 $400 $0 L663727 1 MARRIOTT NCL M&S 10/14/1982 10/14/2007 $400 $0 L663728 1 MARRIOTT NCL M&S 10/14/1982 10/14/2007 $400 $0 L663730 1 STOUGHTON NCL M&S 10/14/1982 10/14/2007 $400 $0 L663731 1 STOUGHTON NCL M&S 10/14/1982 10/14/2007 $400 $0 L663732 1 MARRIOTT NCL M&S 10/14/1982 10/14/2007 $400 $0 L663733 1 MARRIOTT NCL M&S 10/14/1982 10/14/2007 $400 $0 L667156 1 HOLLOWAY NCL M&S 01/31/1983 01/31/2008 $400 $5,310 L667157 1 HOLLOWAY NCL M&S 01/31/1983 01/31/2008 $400 $0 L667158 1 HOLLOWAY NCL M&S 01/31/1983 01/31/2008 $400 $0 L678842 1 MARRIOTT NCL M&S 01/31/1983 01/31/2008 $400 $0 L678845 1 MARRIOTT NCL M&S 01/31/1983 01/31/2008 $400 $0 L678846 1 HOLLOWAY NCL M&S 01/31/1983 01/31/2008 $400 $0 L678847 1 HOLLOWAY NCL M&S 01/31/1983 01/31/2008 $400 $0 L678848 1 HOLLOWAY NCL M&S 01/31/1983 01/31/2008 $400 $0 L678849 1 HOLLOWAY NCL M&S 01/31/1983 01/31/2008 $400 $0 L678850 1 HOLLOWAY NCL M&S 01/31/1983 01/31/2008 $400 $0 L678851 1 MARRIOTT NCL M&S 01/31/1983 01/31/2008 $400 $0 L678853 1 MARRIOTT NCL M&S 01/31/1983 01/31/2008 $400 $0 L678854 1 MARRIOTT NCL M&S 01/31/1983 01/31/2008 $400 $0 L678855 1 MARRIOTT NCL M&S 01/31/1983 01/31/2008 $400 $0 L682807 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $0 L682808 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $0 Total Unpatented 26 $10,400 $5,310 Group Totals: 26 421 Hectares: Work: $10,400 $5,310

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CANAMAX 013 Project Number 670 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Leased L69830 1 GARRISON JM ASBESTOS 0000-105-087 337LC M&S 06/01/1988 $0 12/30/2000 $62.58 Provincial L69831 1 GARRISON JM ASBESTOS 0000-105-088 338LC M&S 06/01/1988 $0 12/30/2000 $38.79 Provincial L70976 1 HARKER JM ASBESTOS 0000-104-711 205LC M&S 09/01/1986 $6,396 12/30/2000 $66.87 Provincial L70977 1 HARKER JM ASBESTOS 0000-104-713 206LC M&S 09/01/1986 $11,418 12/30/2000 $48.60 Provincial L70978 1 HARKER JM ASBESTOS 0000-104-712 207LC M&S 09/01/1986 $0 12/30/2000 $40.50 Provincial L70979 1 HARKER JM ASBESTOS 0000-104-710 208LC M&S 09/01/1986 $0 12/30/2000 $50.22 Provincial L77047 1 GARRISON JM ASBESTOS 0000-105-853 407LC M&S 03/01/1990 $0 12/30/2000 $61.23 Provincial L77049 1 GARRISON JM ASBESTOS 0000-105-854 408LC M&S 03/01/1990 $0 12/30/2000 $20.88 Provincial L77320 1 GARRISON JM ASBESTOS 0000-106-631 490LC M&S 08/01/1992 $0 12/30/2000 $57.63 Provincial L77321 1 GARRISON JM ASBESTOS 0000-106-631 490LC M&S 08/01/1992 $22,063 12/30/2000 $36.63 Provincial L77322 1 GARRISON JM ASBESTOS 0000-106-631 490LC M&S 08/01/1992 $0 12/30/2000 $50.91 Provincial L77323 1 GARRISON JM ASBESTOS 0000-106-631 490LC M&S 08/01/1992 $0 12/30/2000 $48.36 Provincial L77324 1 GARRISON JM ASBESTOS 0000-106-631 490LC M&S 08/01/1991 $32,235 12/30/2000 $28.50 Provincial L77325 1 GARRISON JM ASBESTOS 0000-106-631 490LC M&S 08/01/1992 $0 12/30/2000 $21.09 Provincial L77326 1 GARRISON JM ASBESTOS 0000-106-631 490LC M&S 08/01/1992 $12,299

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Continuation of CANAMAX 013, Project No. 670 12/30/2000 $33.54 Provincial L77327 1 GARRISON JM ASBESTOS 0000-106-631 490LC M&S 08/01/1992 $0 12/30/2000 $43.77 Provincial L77563 1 GARRISON JM ASBESTOS 0000-106-628 468LC M&S 06/01/1992 $0 12/30/2000 $46.77 Provincial L84870 1 GARRISON JM ASBESTOS 0000-106-711 552LC M&S 07/01/1993 $0 12/30/2000 $53.97 Provincial L84871 1 GARRISON JM ASBESTOS 0000-106-711 552LC M&S 07/01/1993 $0 12/30/2000 $37.59 Provincial L84872 1 GARRISON JM ASBESTOS 0000-106-711 552LC M&S 07/01/1993 $0 12/30/2000 $26.46 Provincial L84873 1 GARRISON JM ASBESTOS 0000-106-711 552LC M&S 07/01/1993 $19,018 12/30/2000 $34.02 Provincial L84874 1 GARRISON JM ASBESTOS 0000-106-711 552LC M&S 07/01/1993 $0 12/30/2000 $29.67 Provincial L84875 1 GARRISON JM ASBESTOS 0000-106-711 552LC M&S 07/01/1993 $0 12/30/2000 $36.45 Provincial L84876 1 GARRISON JM ASBESTOS 0000-106-711 552LC M&S 07/01/1993 $0 12/30/2000 $22.47 Provincial L84877 1 GARRISON JM ASBESTOS 0000-106-711 552LC M&S 07/01/1993 $0 12/30/2000 $36.84 Provincial L84878 1 GARRISON JM ASBESTOS 0000-106-711 552LC M&S 07/01/1993 $0 12/30/2000 $68.43 Provincial L84879 1 GARRISON JM ASBESTOS 0000-106-711 552LC M&S 07/01/1993 $0 12/30/2000 $58.86 Provincial L84880 1 GARRISON JM ASBESTOS 0000-106-711 552LC M&S 07/01/1993 $0 12/30/2000 $29.34 Provincial L87499 1 GARRISON JM ASBESTOS 0000-106-630 491LC M&S 08/01/1992 $0 12/30/2000 $23.55 Provincial L87500 1 GARRISON JM ASBESTOS 0000-106-630 491LC M&S 08/01/1992 $0 12/30/2000 $30.48 Provincial L88823 1 GARRISON JM ASBESTOS 0000-106-629 472LC M&S 08/01/1992 $20,147

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Continuation of CANAMAX 013, Project No. 670 12/30/2000 $29.76 Provincial L88825 1 GARRISON JM ASBESTOS 0000-106-629 472LC M&S 08/01/1992 $21,979 12/30/2000 $47.28 Provincial L95106 1 GARRISON JM ASBESTOS 0000-106-712 548LC M&S 06/01/1993 $0 12/30/2000 $51.72 Provincial L95375 1 GARRISON JM ASBESTOS 0000-106-713 549LC M&S 06/01/1993 $0 12/30/2000 $29.10 Provincial L95376 1 GARRISON JM ASBESTOS 0000-106-713 549LC M&S 06/01/1993 $0 12/30/2000 $55.98 Provincial L95377 1 GARRISON JM ASBESTOS 0000-106-713 549LC M&S 06/01/1993 $0 12/30/2000 $45.96 Provincial Total Leased 36 $1,504.80 $145,555 Patented L46953 1 GARRISON JM ASBESTOS 6140COCH 11860SEC M&S 09/28/1952 $0 10/01/2000 $34.12 provincial L46954 1 GARRISON JM ASBESTOS 6141COCH 11861SEC M&S 09/28/1952 $0 10/01/2000 $35.68 provincial L46955 1 GARRISON JM ASBESTOS 6142COCH 11862SEC M&S 09/28/1952 $0 10/01/2000 $64.12 provincial L46956 1 GARRISON JM ASBESTOS 6143COCH 11863SEC M&S 09/28/1952 $0 10/01/2000 $79.52 provincial L46957 1 GARRISON JM ASBESTOS 6144COCH 11864SEC M&S 09/28/1952 $0 10/01/2000 $44.28 provincial L54617 1 GARRISON JM ASBESTOS 6365COCH 12071SEC M&S 10/29/1953 $0 10/01/2000 $40.20 provincial L54618 1 GARRISON JM ASBESTOS 6366COCH 12072SEC M&S 10/29/1953 $0 10/01/2000 $31.72 provincial L54619 1 GARRISON JM ASBESTOS 6367COCH 12073SEC M&S 10/29/1953 $0 10/01/2000 $107.32 provincial L54620 1 GARRISON JM ASBESTOS 6354COCH 12061SEC M&S 10/29/1953 $0 10/01/2000 $70.60 provincial

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Continuation of CANAMAX 013, Project No. 670 L54621 1 GARRISON JM ASBESTOS 6355COCH 12062SEC M&S 10/29/1953 $0 10/01/2000 $52.68 provincial L54622 1 GARRISON JM ASBESTOS 6356COCH 12063SEC M&S 10/29/1953 $0 10/01/2000 $45.68 provincial L54623 1 GARRISON JM ASBESTOS 6357COCH 12064SEC M&S 10/29/1953 $0 10/01/2000 $4.24 provincial L54624 1 GARRISON JM ASBESTOS 6358COCH 12065SEC M&S 10/29/1953 $0 10/01/2000 $31.60 provincial L54625 1 GARRISON JM ASBESTOS 6347COCH 12055SEC M&S 10/29/1953 $0 10/01/2000 $71.08 provincial L54626 1 GARRISON JM ASBESTOS 6359COCH 12066SEC M&S 10/29/1953 $0 10/01/2000 $52.44 provincial L54627 1 GARRISON JM ASBESTOS 6360COCH 12067SEC M&S 10/29/1953 $0 10/01/2000 $64.64 provincial L54628 1 GARRISON JM ASBESTOS 6361COCH 12068SEC M&S 10/29/1953 $0 10/01/2000 $53.60 provincial L54644 1 GARRISON JM ASBESTOS 6362COCH 12069SEC M&S 10/29/1953 $0 10/01/2000 $35.24 provincial L54645 1 GARRISON JM ASBESTOS 6363COCH 12070SEC M&S 10/29/1953 $0 10/01/2000 $55.84 provincial L55314 1 GARRISON JM ASBESTOS 6665COCH 12839SEC M&S 01/12/1956 $0 10/01/2000 $35.28 provincial L55315 1 GARRISON JM ASBESTOS 6666COCH 12840SEC M&S 01/12/1956 $0 10/01/2000 $42.80 provincial L55316 1 GARRISON JM ASBESTOS 6667COCH 12841SEC M&S 01/12/1956 $0 10/01/2000 $65.64 provincial L55317 1 GARRISON JM ASBESTOS 6668COCH 12842SEC M&S 01/12/1956 $0 10/01/2000 $41.52 provincial L55318 1 GARRISON JM ASBESTOS 6669COCH 12843SEC M&S 01/12/1956 $0 10/01/2000 $71.16 provincial L55319 1 GARRISON JM ASBESTOS 6670COCH 12844SEC M&S 01/12/1956 $0 10/01/2000 $66.52 provincial

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Continuation of CANAMAX 013, Project No. 670 L55334 1 GARRISON JM ASBESTOS 6671COCH 12845SEC M&S 01/12/1956 $0 10/01/2000 $72.44 provincial L55335 1 GARRISON JM ASBESTOS 6672COCH 12846SEC M&S 01/12/1956 $0 10/01/2000 $66.40 provincial L55336 1 GARRISON JM ASBESTOS 6673COCH 12847SEC M&S 01/12/1956 $0 10/01/2000 $86.12 provincial L55337 1 GARRISON JM ASBESTOS 6674COCH 12848SEC M&S 01/12/1956 $0 10/01/2000 $64.04 provincial L55338 1 GARRISON JM ASBESTOS 6675COCH 12849SEC M&S 01/12/1956 $0 10/01/2000 $49.32 provincial L55339 1 GARRISON JM ASBESTOS 6348COCH 12856SEC M&S 10/29/1953 $0 10/01/2000 $47.48 provincial L55340 1 GARRISON JM ASBESTOS 6349COCH 12857SEC M&S 10/29/1953 $0 10/01/2000 $73.44 provincial L55458 1 RAND JM ASBESTOS 6770COCH 12925SEC M&S 07/12/1956 $0 10/01/2000 $60.04 provincial L55459 1 RAND JM ASBESTOS 6771COCH 12926SEC M&S 07/12/1956 $0 10/01/2000 $53.60 provincial L55460 1 RAND JM ASBESTOS 6772COCH 12927SEC M&S 07/12/1956 $0 10/01/2000 $62.48 provincial L55461 1 RAND JM ASBESTOS 6773COCH 12928SEC M&S 07/12/1956 $0 10/01/2000 $49.24 provincial L55462 1 RAND JM ASBESTOS 6774COCH 12929SEC M&S 07/12/1956 $0 10/01/2000 $63.32 provincial L55463 1 RAND JM ASBESTOS 6350COCH 12058SEC M&S 10/29/1953 $0 10/01/2000 $60.76 provincial L55464 1 GARRISON JM ASBESTOS 6775COCH 12030SEC M&S 07/12/1956 $0 10/01/2000 $95.76 provincial L55465 1 GARRISON JM ASBESTOS 6776COCH 12031SEC M&S 07/12/1956 $0 10/01/2000 $42.92 provincial L56784 1 GARRISON JM ASBESTOS 6351COCH 12059SEC M&S 10/29/1953 $0 10/01/2000 $42.92 provincial

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Continuation of CANAMAX 013, Project No. 670 L56785 1 GARRISON JM ASBESTOS 6352COCH 12060SEC M&S 10/29/1953 $0 10/01/2000 $61.20 provincial L56828 1 GARRISON JM ASBESTOS 6935COCH 12989SEC M&S 05/24/1957 $0 10/01/2000 $83.32 provincial L56829 1 GARRISON JM ASBESTOS 6936COCH 12990SEC M&S 05/24/1957 $0 10/01/2000 $92.40 provincial L58457 1 GARRISON JM ASBESTOS 6937COCH 12991SEC M&S 05/24/1957 $0 10/01/2000 $24.16 provincial L59764 1 GARRISON JM ASBESTOS 7267COCH 13284SEC M&S 09/08/1960 $0 10/01/2000 $53.12 provincial L59765 1 GARRISON JM ASBESTOS 7268COCH 13285SEC M&S 09/08/1960 $0 10/01/2000 $61.00 provincial L59766 1 GARRISON JM ASBESTOS 7269COCH 13286SEC M&S 09/08/1960 $0 10/01/2000 $79.48 provincial L59767 1 GARRISON JM ASBESTOS 7270COCH 13287SEC M&S 09/08/1960 $0 10/01/2000 $333.28 provincial L60404 1 GARRISON JM ASBESTOS 7271COCH 13288SEC M&S 09/08/1960 $0 10/01/2000 $34.08 provincial L60737 1 GARRISON JM ASBESTOS 7591COCH 13363SEC MRO 07/23/1963 $0 10/01/2000 $28.44 provincial L61775 1 GARRISON JM ASBESTOS 7594COCH 13366SEC MRO 07/23/1963 $0 10/01/2000 $75.12 provincial L61776 1 GARRISON JM ASBESTOS 9592COCH 13364SEC MRO 07/23/1963 $0 10/01/2000 $41.36 provincial L61777 1 GARRISON JM ASBESTOS 7595COCH 13367SEC MRO 07/23/1963 $0 10/01/2000 $53.80 provincial L61778 1 GARRISON JM ASBESTOS 7596COCH 13368SEC MRO 07/23/1963 $0 10/01/2000 $73.36 provincial L61779 1 GARRISON JM ASBESTOS 7597COCH 13369SEC MRO 07/23/1963 $0 10/01/2000 $68.00 provincial L61780 1 GARRISON JM ASBESTOS 7598COCH 13370SEC MRO 07/23/1963 $0 10/01/2000 $66.60 provincial

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L61781 1 GARRISON JM ASBESTOS 7599COCH 13371SEC MRO 07/23/1963 $0 10/01/2000 $67.92 provincial L61782 1 GARRISON JM ASBESTOS 7600COCH 13372SEC MRO 07/23/1963 $0 10/01/2000 $46.44 provincial L61783 1 GARRISON JM ASBESTOS 7601COCH 13373SEC MRO 07/23/1963 $0 10/01/2000 $77.36 provincial L61784 1 GARRISON JM ASBESTOS 7602COCH 13374SEC MRO 07/23/1963 $0 10/01/2000 $39.40 provincial L61785 1 GARRISON JM ASBESTOS 7603COCH 13375SEC MRO 07/23/1963 $0 10/01/2000 $56.56 provincial L61786 1 GARRISON JM ASBESTOS 7604COCH 13376SEC MRO 07/23/1963 $0 10/01/2000 $37.28 provincial L61787 1 GARRISON JM ASBESTOS 7605COCH 13377SEC MRO 07/23/1963 $0 10/01/2000 $29.80 provincial L61788 1 GARRISON JM ASBESTOS 7606COCH 13378SEC MRO 07/23/1963 $0 10/01/2000 $52.76 provincial L64089 1 GARRISON JM ASBESTOS 7576COCH 13360SEC M&S 05/02/1963 $0 10/01/2000 $111.24 provincial L64090 1 GARRISON JM ASBESTOS 7577COCH 13361SEC M&S 05/02/1963 $0 10/01/2000 $61.04 provincial Total Patented 67 $4,096.32 $0 Group Totals: 103 1,526 Hectares: Work: $145,555 Taxes: $5,601.12

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Req. Reserve

Unpatented L663925 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $0 L663926 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $0 L663927 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $0 L663928 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $0 L663929 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $0 L663930 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $0 L663931 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $0 L663932 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $0 L663933 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $0 L663934 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $9,834 L663935 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $1,972 L663936 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $6,952 L682801 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $67,358 L682802 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $17,096 L682803 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $23,408 L682804 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $35,140 L682805 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $11,021 L682806 1 MARRIOTT NCL M&S 10/22/1982 10/22/2007 $400 $27,095 Total Unpatented 18 $7,200 $199,876 Group Totals: 18 291 Hectares: Work: $7,200 $199,876 Taxes:

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Req. Reserve

Unpatented L837389 1 FRECHEVILLE NCL M&S 03/07/1985 03/07/2008 $400 $0 L837390 1 FRECHEVILLE NCL M&S 03/07/1985 03/07/2008 $400 $0 L837391 1 FRECHEVILLE NCL M&S 03/07/1985 03/07/2008 $400 $0 L3010890 14 FRECHEVILLE NCL M&S 03/12/2003 03/12/2008 $5,600 $0 L3010891 5 FRECHEVILLE NCL M&S 03/12/2003 03/12/2008 $2,000 $0 Total Unpatented 22 $8,800 $0 Group Totals: 22 406 Hectares: Work: $8,800 $0 Taxes:

DESSUREAULT Project Number 663060 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented L8246 1 HOLLOWAY DESSUREAULT 7687TEM 3752SEC M&S 10/08/1925 $0 03/31/2001 $18.49 municipal L8247 1 HOLLOWAY DESSUREAULT 7705TEM 3752SEC M&S 10/08/1925 $13,248 03/31/2001 $23.97 municipal Total Patented 2 $42.46 $13,248 Group Totals: 2 20 Hectares: Work: $13,248 Taxes: $42.46

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EASTERN CLAIMS Project Number: EastTB Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented L10904 1 HOLLOWAY NCL 789COCH 4261SEC MRO 06/03/1925 $0 L43921 1 HOLLOWAY NCL 6391COCH 23703SEC M&S 10/30/1953 $0 L43922 1 HOLLOWAY NCL 6747COCH 23703SEC M&S 09/26/1955 $0 L43923 1 HOLLOWAY NCL 6273COCH 23703SEC M&S 06/13/1953 $0 Total Patented 4 $0 Group Totals: 4 37 Hectares: Work: $0 Taxes: FN-CARD LAKE Project Number: FN-01 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented L1116 1 HOLLOWAY NMCCL 1116 3988 SEC M&S 08/21/2002 $0 10/01/2003 $62.31 provincial L10699 1 HOLLOWAY NMCCL 10699 3989 SEC M&S 08/21/2002 $0 10/01/2003 $57.24 provincial Total Patented 2 $119.55 $0 Group Totals: 2 30 Hectares: Work: $0 Taxes: $119.55

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FN-HOLLOWAY Project Number: FN-02 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Leased CLM321 1 HOLLOWAY NMCCL 0000105155 1570LC M&S 03/01/1989 $0 CLM322 1 HOLLOWAY NMCCL 0000105315 1578LC M&S 07/01/1989 $35,344

CLM323 1 HOLLOWAY NMCCL 0000105150 1569LC M&S 03/01/1989 $338,529 CLM345 1 HOLLOWAY NMCCL 0000106028 1626LC M&S 02/01/1991 $0 CLM346 1 HOLLOWAY NMCCL 0000-106-029 1626LC MRO 02/01/1991 $0 L588571 1 HOLLOWAY NMCCL 0000105250 1574LC MRO 04/01/1989 $0 L588572 1 HOLLOWAY NMCCL 0000105250 1574LC MRO 04/01/1989 $0 L599015 1 HOLLOWAY NMCCL 0000105250 1574LC MRO 04/01/1989 $0 L599016 1 HOLLOWAY NMCCL 0000105250 1574LC MRO 04/01/1989 $0 L599018 1 HOLLOWAY NMCCL 0000105250 1574LC MRO 04/01/1989 $0 L599019 1 HOLLOWAY NMCCL 0000105250 1574LC MRO 04/01/1989 $0 L799696 1 HOLLOWAY NMCCL 0000-105-074 1540LC MRO 05/01/1988 $0 L799697 1 HOLLOWAY NMCCL 0000-105-074 1540LC MRO 05/01/1988 $0 Total Leased 13 $373,873 Unpatented L588014 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588165 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588169 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588170 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588171 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588172 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588175 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588176 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588177 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588178 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588179 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588182 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0

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Continuation of FN-Holloway, Project No. FN-02 L588183 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588184 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588185 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588186 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588187 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588188 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588189 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588190 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588191 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588192 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588193 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588194 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588195 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588196 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588197 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588198 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588388 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588389 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588468 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588469 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588470 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588471 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588476 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588477 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588478 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588479 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588534 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588535 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588536 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588537 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588540 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588558 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588559 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0

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Continuation of FN-Holloway, Project No. FN-02 L588560 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588563 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588564 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588565 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588566 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588567 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588568 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588569 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588570 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588573 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588574 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L588575 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L599010 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L599011 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L599012 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L599013 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $400 $0 L599014 1 HOLLOWAY NMCCL MRO 02/16/1981 02/16/2007 $341 $0 L599020 1 HOLLOWAY NMCCL M&S 02/16/1981 02/16/2007 $400 $0 L599021 1 HOLLOWAY NMCCL M&S 02/16/1981 02/16/2007 $400 $0 L599022 1 HOLLOWAY NMCCL M&S 02/16/1981 02/16/2007 $400 $0 L599023 1 HOLLOWAY NMCCL M&S 02/16/1981 02/16/2007 $400 $0 L599024 1 HOLLOWAY NMCCL M&S 02/16/1981 02/16/2007 $400 $0 L599025 1 HOLLOWAY NMCCL M&S 02/16/1981 02/16/2007 $400 $0 L1213841 2 HOLLOWAY NMCCL MRO 02/14/1996 02/14/2010 $800 $0 Total Unpatented 70 $27,941 $0 Group Totals: 83 2,652 Hectares: Work: $27,941 $373,873 Taxes:

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GARRISON PAT. Project Number: 670 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented L42794 1 GARRISON NCL 5941COCH 11560SEC M&S 11/08/1951 $0 03/31/2001 $126.69 municipal 12/01/2001 $86.36 provincial L42795 1 GARRISON NCL 5751COCH 11313SEC M&S 01/10/1951 $0 12/01/2001 $48.04 provincial L42796 1 GARRISON NCL 5752COCH 11314SEC M&S 01/10/1951 $0 12/01/2001 $49.52 provincial L42797 1 GARRISON NCL 6238COCH 12004SEC M&S 04/21/1953 $0 12/01/2001 $74.20 provincial L42798 1 GARRISON NCL 5753COCH 11315SEC M&S 01/10/1951 $0 12/01/2001 $38.12 provincial L42799 1 GARRISON NCL 5754COCH 11316SEC M&S 01/10/1951 $0 12/01/2001 $69.84 provincial L42800 1 GARRISON NCL 5755COCH 11317SEC M&S 01/10/1951 $15,406 12/01/2001 $44.68 provincial L42801 1 GARRISON NCL 5756COCH 11318SEC M&S 01/10/1951 $0 12/01/2001 $24.76 provincial L42802 1 GARRISON NCL 5757COCH 11319SEC M&S 01/10/1951 $0 12/01/2001 $62.12provincial L42805 1 GARRISON NCL 5758COCH 11320SEC M&S 01/10/1951 $0 03/31/2001 $51.36 municipal 12/01/2001 $44.68 provincial L42806 1 GARRISON NCL 5759COCH 11321SEC M&S 01/10/1951 $0 12/01/2001 $56.20 provincial L42807 1 GARRISON NCL 5760COCH 11322SEC M&S 01/10/1951 $0 12/01/2001 $50.08 provincial

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Continuation of Garrison Pat, Project No. 670 L42808 1 GARRISON NCL 5761COCH 11323SEC M&S 01/10/1951 $0 03/31/2001 $47.94 municipal 12/01/2001 $52.32 provincial L43032 1 GARRISON NCL 6237COCH 12003SEC M&S 04/21/1953 $0 03/31/2001 $39.72 municipal 12/01/2001 $104.44 provincial L43033 1 GARRISON NCL 5762COCH 11324SEC M&S 01/10/1951 $0 12/01/2001 $70.00 provincial L43755 1 GARRISON NCL 6236COCH 12002SEC M&S 04/21/1953 $0 03/31/2001 $60.26 municipal 12/01/2001 $89.96 provincial L43756 1 GARRISON NCL 6235COCH 12001SEC M&S 04/21/1953 $0 12/01/2001 $120.64 provincial L43757 1 GARRISON NCL 6234COCH 11900SEC M&S 04/21/1953 $0 12/01/2001 $141.48 provincial L43758 1 GARRISON NCL 6233COCH 11899SEC M&S 04/21/1953 $0 12/01/2001 $178.52 provincial L43759 1 GARRISON NCL 6232COCH 11898SEC M&S 04/21/1953 $0 12/01/2001 $109.36 provincial L43760 1 GARRISON NCL 5763COCH 11325SEC M&S 01/10/1951 $0 12/01/2001 $44.32 provincial L50486 1 GARRISON NCL 5764COCH 11326SEC M&S 01/10/1951 $0 03/31/2001 $16.44 municipal 12/01/2001 $14.96 provincial Total Patented 22 $1,917.01 $15,406 Group Totals: 22 394 Hectares: Work: $15,406 Taxes: $1,917.01

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HARKER PAT. Project Number: 501 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented L10080 1 HOLLOWAY NCL 631COCH 4261SEC MRO 08/11/1989 $0 12/01/2001 $37.08 provincial L11570 1 HARKER NCL 880COCH 4087SEC M&S 12/05/1928 $0 12/01/2001 $82.55 provincial L11571 1 HARKER NCL 652COCH 3970SEC M&S 05/21/1928 $0 12/01/2001 $59.73 provincial L11927 1 HARKER NCL 856COCH 4075SEC M&S 11/19/1928 $0 12/01/2001 $96.31 provincial Total Patented 4 $275.67 $0 Group Totals: 4 69 Hectares: Work: $0 Taxes: $275.67 HOLLOWAY 1 PAT. Project Number: 616 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented L9862 1 HARKER NCL 576COCH 3917SEC M&S 12/27/1927 $0 12/01/2001 $67.66 provincial L9863 1 HOLLOWAY NCL 577COCH 3918SEC M&S 12/27/1927 $0 12/01/2001 $34.48 provincial L9864 1 HOLLOWAY NCL 578COCH 3919SEC M&S 12/27/1927 $0 12/01/2001 $42.89 provincial L10476 1 HOLLOWAY NCL 654COCH 3972SEC M&S 05/21/1928 $17,147 12/01/2001 $70.25 provincial L10477 1 HOLLOWAY NCL 653COCH 3971SEC M&S 05/21/1928 $14,957 12/01/2001 $64.42 provincial Total Patented 5 $279.70 $32,104 Group Totals: 5 70 Hectares: Work: $32,104 Taxes: $279.70

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HOLLOWAY 2 PAT. Project Number: 670 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented L43058 1 HOLLOWAY NCL 5844COCH 11395SEC M&S 05/09/1951 $0 03/31/2001 $47.94 municipal 10/01/2001 $82.84 provincial L43061 1 HOLLOWAY NCL 5845COCH 11396SEC M&S 05/09/1951 $0 03/31/2001 $0.00 municipal 04/28/2001 $0.00 municipal 10/01/2001 $67.08 provincial L43062 1 HOLLOWAY NCL 5846COCH 11397SEC M&S 05/09/1951 $0 03/31/2001 $0.00 municipal 04/28/2001 $0.00 municipal 10/01/2001 $79.16 provincial L43067 1 HOLLOWAY NCL 5848COCH 11399SEC M&S 05/09/1951 $0 03/31/2001 $41.77 municipal 10/01/2001 $94.04 provincial L43068 1 HOLLOWAY NCL 5847COCH 11398SEC M&S 05/09/1951 $0 03/31/2001 $0.00 municipal 04/28/2001 $0.00 municipal 10/01/2001 $84.48 provincial L43072 1 HOLLOWAY NCL 5849COCH 11400SEC M&S 05/09/1951 $0 03/31/2001 $59.58 municipal 10/01/2001 $75.56 provincial L43073 1 HOLLOWAY NCL 5850COCH 11501SEC M&S 05/09/1951 $0 03/31/2001 $0.00 municipal 04/28/2001 $0.00 municipal 10/01/2001 $57.20 provincial L43076 1 HOLLOWAY NCL 5831COCH 11383SEC M&S 05/09/1951 $0 03/31/2001 $126.69 municipal 10/01/2001 $81.44 provincial

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Continuation of Holloway 2 Pat, Project No. 670 L43077 1 HOLLOWAY NCL 5851COCH 11502SEC M&S 05/09/1951 $0 03/31/2001 $0.00 municipal 04/28/2001 $0.00 municipal 10/01/2001 $95.40 provincial L43078 1 HOLLOWAY NCL 5852COCH 11503SEC M&S 05/09/1951 $0 03/31/2001 $0.00 municipal 04/28/2001 $0.00 municipal 10/01/2001 $98.36 provincial L43079 1 HOLLOWAY NCL 5853COCH 11504SEC M&S 05/09/1951 $0 03/31/2001 $0.00 municipal 04/28/2001 $0.00 municipal 10/01/2001 $60.80 provincial Total Patented 11 $1,152.34 $0 Group Totals: 11 219 Hectares: Work: $0 Taxes: $1,152.34

HOLLOWAY 3 PAT. Project Number: 616 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented L10534 1 HOLLOWAY NCL 685COCH 3991SEC M&S 06/13/1928 $0 L10698 1 HOLLOWAY NCL 684COCH 3990SEC M&S 06/13/1928 $0 12/01/2001 $56.98 provincial Total Patented 2 $56.98 $0 Group Totals: 2 32 Hectares: Work: $0 Taxes: $56.98

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HOLLOWAY LAKE SR. Project Number: 501HL Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented L32923 1 HOLLOWAY CANAMAX

RESOURCES 16865SEC SRO 08/12/1944 $0

08/31/2000 $49.03 municipal L32924 1 HOLLOWAY CANAMAX



RESOURCES L11262 16869SEC SRO 08/12/1944 $0

















08/31/2000 $49.71 municipal

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Continuation of Holloway Lake SR, Project No.501 HL L34843 1 HOLLOWAY CANAMAX




08/31/2000 $24.85 municipal Total Patented 13 $443.33 $0 Group Totals: 13 234 Hectares: Work: $0 Taxes: $443.33

HOLLOWAY SR PAT. Project Number: 501 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented L33 1 HOLLOWAY

(L10697) NCL 686COCH 17180SEC SRO 05/05/1993 $0

L34 1 HOLLOWAY (L10080)

NCL 631COCH 17179SEC SRO 05/05/1993 $0


NCL 632COCH 17182SEC SRO 05/05/1993 $0


NCL 625COCH 17171SEC SRO 05/05/1993 $0


NCL 633COCH 17172SEC SRO 05/05/1993 $0

L10878 1 HOLLOWAY NCL 4507COCH 17531SEC SRO 04/15/2024 $0 08/31/2000 $32.19 municipal L11019 1 HOLLOWAY NCL 4505COCH 17529SEC SRO 04/15/2024 $0 08/31/2000 $27.44 municipal L11088 1 HOLLOWAY NCL 4506COCH 17530SEC SRO 04/15/2024 $0 08/31/2000 $32.19 municipal L27220 1 HOLLOWAY NCL 5381COCH 17532SEC SRO 07/04/1949 $0 08/31/1999 $33.88 municipal 03/15/2000 $23.34 municipal 08/31/2000 $33.88 municipal Total Patented 9 $182.92 $0 Group Totals: 9 138 Hectares: Work: $0 Taxes: $182.92

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HOLLOWAY WEDGE Project Number: Hol-05 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Unpatented L4207023 1 Holloway NCL M&S 07/28/2005 07/28/2007 $400 $0 Total Unpatented 1 $400 $0 Group Totals: 1 16 Hectares: Work: $400 $0 Taxes:

LIGHTVAL Project Number: 703060 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented L29745 1 HARKER Newmont Canada

Limited 3921COCH 8315SEC M&S 08/11/1989 $0

12/01/2001 $70.32 provincial L29746 1 HARKER Newmont Canada


03/15/2001 $28.08 municipal 08/31/2001 $27.53 municipal 12/01/2001 $73.20 provincial L29747 1 HARKER Newmont Canada






03/15/2001 $28.08 municipal 08/31/2001 $27.53 municipal 12/01/2001 $80.48 provincial

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Continuation of Lightval, Project No.703060 L29750 1 HARKER Newmont Canada

















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L40537 1 HARKER Newmont Canada Limited

5766COCH 11328SEC M&S 08/11/1989 $0


5767COCH 11329SEC M&S 08/11/1989 $0


5768COCH 11330SEC M&S 08/11/1989 $0

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Limited 5769 11331SEC M&S 04/01/1999 $0


Limited 5770 11332SEC M&S 04/01/1999 $0











03/15/2001 $23.97 municipal 08/31/2001 $23.51 municipal 12/01/2001 $53.44provincial

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Limited 5782 11344SEC M&S 04/01/1999 $0


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Limited 5783 11345SEC M&S 04/01/1999 $0


Limited 5784 11346SEC M&S 04/01/1999 $0

03/15/2001 $27.39 municipal 08/31/2001 $26.87 municipal 12/01/2001 $67.12 provincial Total Patented 60 $7,261.82 $0 Group Totals: 60 1,044 Hectares: Work: $0 Taxes: $7,261.82

MARRIOTT PAT. Project Number: 670 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented L43085 1 MARRIOTT NCL 5854COCH 11505SEC M&S 05/09/1951 $0 03/15/2001 $28.08 municipal 10/01/2001 $75.24 provincial L43086 1 MARRIOTT NCL 5855COCH 11506SEC M&S 05/09/1951 $0 03/15/2001 $25.34 municipal 10/01/2001 $63.40 provincial L43087 1 MARRIOTT NCL 5856COCH 11507SEC M&S 05/09/1951 $0 03/15/2001 $27.39 municipal 10/01/2001 $69.20 provincial L43094 1 MARRIOTT NCL 5832COCH 11384SEC M&S 05/09/1951 $0 03/15/2001 $48.62 municipal 10/01/2001 $62.16 provincial L43095 1 MARRIOTT NCL 5833COCH 11385SEC M&S 05/09/1951 $0 03/15/2001 $44.51 municipal 10/01/2001 $33.96 provincial

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Continuation of Marriott Pat., Project No.670 L43096 1 MARRIOTT NCL 5834COCH 11386SEC M&S 05/09/1951 $0 03/15/2001 $49.31 municipal 10/01/2001 $67.36 provincial L43103 1 MARRIOTT NCL 5857COCH 11508SEC M&S 05/09/1951 $0 08/31/2000 municipal 10/01/2001 $54.08 provincial L43104 1 MARRIOTT NCL 5858COCH 11509SEC M&S 05/09/1951 $0 03/15/2001 $25.34 municipal 10/01/2001 $57.04 provincial L43105 1 MARRIOTT NCL 5859COCH 11510SEC M&S 05/09/1951 $0 03/15/2001 $27.39 municipal 10/01/2001 $72.72 provincial Total Patented 9 $831.14 $0 Group Totals: 9 139 Hectares: Work: $0 Taxes: $831.14

NORMONT J.V.-TEDDY Project Number: 661 Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Patented L10081 1 HOLLOWAY NCL 632COCH 4261SEC MRO 08/11/1989 $0 12/01/2001 $57.48 provincial L10082 1 HOLLOWAY NCL 633COCH 4261SEC MRO 08/11/1989 $0 12/01/2001 $93.24 provincial L10083 1 HOLLOWAY NCL 625COCH 4261SEC MRO 08/11/1989 $5,810 12/01/2001 $55.52 provincial L10084 1 HARKER NCL 626COCH 4261SEC MRO 08/11/1989 $8,909 12/01/2001 $68.76 provincial L10085 1 HARKER NCL 634COCH 4261SEC MRO 08/11/1989 $0 12/01/2001 $267.68 provincial

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Continuation of Normont J.V.-Teddy., Project No.661 L10478 1 HARKER NCL 627COCH 4261SEC MRO 08/11/1989 $6,770 12/01/2001 $63.44 provincial L10696 1 HARKER NCL 681COCH 4261SEC MRO 08/11/1989 $0 12/01/2001 $63.64 provincial L10697 1 HOLLOWAY NCL 686COCH 4261SEC MRO 08/11/1989 $0 12/01/2001 $62.48 provincial L10735 1 HARKER NCL 680COCH 4261SEC MRO 08/11/1989 $0 12/01/2001 $64.56 provincial L11081 1 HARKER NCL 810COCH 4045SEC MRO 10/22/2028 $0 12/01/2001 provincial L11166 1 HARKER NCL 811COCH 4046SEC MRO 10/22/2028 $0 12/01/2001 provincial L11167 1 HARKER NCL 812COCH 4047SEC MRO 10/22/2028 $0 12/01/2001 provincial L11168 1 HARKER NCL 673COCH 4261SEC MRO 08/11/1989 $0 12/01/2001 $31.96 provincial L11169 1 HOLLOWAY NCL 674COCH 4261SEC MRO 08/11/1989 $0 12/01/2001 $36.60 provincial L11170 1 HOLLOWAY NCL 675COCH 4261SEC MRO 08/11/1989 $0 12/01/2001 $52.36 provincial L11171 1 HOLLOWAY NCL 676COCH 4261SEC MRO 08/11/1989 $0 12/01/2001 $67.08 provincial L11671 1 HOLLOWAY NCL 679COCH 4261SEC MRO 08/11/1989 $0 12/01/2001 $47.56 provincial Total Patented 17 $1,032.36 $21,489 Group Totals: 17 290 Hectares: Work: $21,489 Taxes: $1,032.36

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TANAGER CREEK Project Number: Tanager Effective Date: Monday, April 17, 2006 Claim Units Twp/Area Owner Patent or


Req. Reserve

Unpatented L1217638 9 MICHAUD NCL MRO 12/10/1996 12/10/2007 $3,600 $0 L1217639 3 MICHAUD NCL MRO 12/10/1996 12/10/2007 $1,200 $0 L1247358 8 GARRISON NCL M&S 11/30/2000 11/30/2007 $3,200 $0 L1247359 9 GARRISON NCL M&S 11/30/2000 11/30/2007 $3,600 $0 L1247746 2 GARRISON NCL M&S 11/30/2000 11/30/2007 $800 $0 Total Unpatented 31 $12,400 $0 Group Totals: 31 496 Hectares: Work: $12,400 $0 Taxes:

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25-1

25 APPENDIX 2 REQUIREMENTS OF THIRD PARTY AGREEMENTS

A tabulation of property names, registered owner, property size, annual holding costs

and details of third party royalties

ABBREVIATIONS USED

M & S - mineral and surface rights mro - mineral rights only sro - surface rights only BMCL - Battle Mountain Canada Ltd. – name changed to Newmont Canada

Limited NMCCL - Newmont Mining Corporation of Canada Limited – name changed from

Franco-Nevada Mining Corporation Limited HGMI - Hemlo Gold Mines Inc. – name changed to Battle Mountain Canada Ltd. FRI - Freewest Resources – acquired by Hemlo Gold Mines Inc. Procan - Procan Exploration Company Limited

Holloway-Holt Gold Camp, Ontario, Canada Land Summary [050306]

Claim Group Name Reg Owner Hectares Acres AnCost(C$) Township Third Party RoyaltyBG Barrick East NCL 159 394 512 Harker, Holloway 0.013%NSR(Au)(Barrick)BG Barrick-Holloway NCL 49 121 154 Holloway 0.013%NSR(Au)(Barrick)BG-Cahill NCL 23 57 97 Holloway 0.5%NSR(NMCCL), 8.5%NPI(Manwell), 0.013%NSR(Au)(Barrick)BG-Canamax NCL 155 383 488 Harker 15%NPI(Canamax),2%NetVal>1Mtons(NMCCL),2%NSR(NMCCL),0.013%NSR(Au)(Barrick)BG-Goldcorp NCL 174 430 1,480 Holloway 1%NSR(GoldCorp), 0.013%NSR(Au)(Barrick)BG-Lenora NCL 212 525 268 Harker 2%NetVal>1Mtons(NMCCL), 0.013%NSR(Au)(Barrick)BG-Manville NCL 151 374 484 Harker 2%NetVal>1Mtons(NMCCL), 0.013%NSR(Au)(Barrick)BG-Mattawasaga NCL 122 302 388 Holloway 2%NSR(NMCCL), 0.013%NSR(Au)(Barrick)BG-McDermott NCL 102 252 429 Holloway 0.013%NSR(Au)(Barrick)BG-Newmex NCL 178 440 562 Harker 2%NetVal>1Mtons(NMCCL), 10%NPI(Newmex), 0.013%NSR(Au)(Barrick)BG-Polishing Pond (SRO) (ac shown below) NCL 0 0 0 Holloway N/ABG-Tailings (SRO)(excl Medlee MRO Pats)(ac below) NCL 0 0 0 Holloway N/ABG-Tailings (SRO-covering Medlee MRO Patents) NCL 206 510 0 Holloway N/ABG-Three Star NCL 37 91 159 Holloway 1.2%NSR>1Mtons(Hennessey, Skene,606966Ont), 0.013%NSR(Au)(Barrick)BG-West Block NCL 640 1,581 0 Harker 2%NetVal>1Mtons(NMCCL), 0.013%NSR(Au)(Barrick)BG-Worvest NCL 159 393 30,645 Harker,Holloway 2%NetVal>1Mtons(NMCCL), 5%NPI(Worvest), 0.013%NSR(Au)(Barrick)Canamax 013 (subgroups below) JM Asbestos 1,467 3,626 8,104 Garr.,Harker,Rand 4%NSR(NMCCL), C$10/oz toC$2M(Aur) Garrison 013-12 JM Asbestos *** *** *** *** 4%NSR(NMCCL), C$10/oz toC$2M(Aur) S.E.Garrison 013-13 JM Asbestos *** *** *** *** 4%NSR(NMCCL), C$10/oz toC$2M(Aur) McVeigh 013-14 JM Asbestos *** *** *** *** 4%NSR(NMCCL), C$10/oz toC$2M(Aur) Kaltwasser 013-15 JM Asbestos *** *** *** *** 4%NSR(NMCCL), C$10/oz toC$2M(Aur) Collins Lake 013-17 JM Asbestos *** *** *** *** 4%NSR(NMCCL), C$10/oz toC$2M(Aur) Main Extension 013-18 JM Asbestos *** *** *** *** 4%NSR(NMCCL), C$10/oz toC$2M(Aur) S.E. Extension 013-19 JM Asbestos *** *** *** *** 4%NSR(NMCCL), C$10/oz toC$2M(Aur) Twin Lakes 013-20 JM Asbestos *** *** *** *** 4%NSR(NMCCL), C$10/oz toC$2M(Aur) Garrison Creek 013-21 JM Asbestos *** *** *** *** 4%NSR(NMCCL), C$10/oz toC$2M(Aur) Potter 013-22 JM Asbestos *** *** *** *** 4%NSR(NMCCL), C$10/oz toC$2M(Aur) N.W. Harker 013-23 JM Asbestos *** *** *** Garrison, Harker 4%NSR(NMCCL), C$10/oz toC$2M(Aur) Canamax 10-08 BMCL 321 793 886 Harker 2%NSR(NMCCL), 5%NPI(Procan), C$10/oz to C$2M(Aur) Canamax 10-25 NCL 81 200 0 Holloway 2%NSR(NMCCL), 5%NPI(Procan), C$10/oz to C$2M(Aur) Canamax 10-28 BMCL 210 519 629 McCool 2%NSR(NMCCL), 5%NPI(Procan), C$10/oz toC$2M(Aur)Canamax 10-31 (some, New Harker Leases) BMCL 449 1,109 332 Harker 2%NSR(NMCCL), 5%NPI(Procan), C$10/oz to C$2M(Aur),1.5%NSRw/50%B/O-C$1M(Hinter)(22unit)Canamax 10-39 NCL/BMCL 803 1,984 0 Harker, Garrison 2%NSR(NMCCL), 5%NPI(Procan), C$10/oz to C$2M(Aur) Canamax 10-39a NCL/BMCL *** *** *** *** 5%NPI(Procan), C$10/oz to C$2M(Aur) Canamax 10-39b NCL/BMCL *** *** *** *** 5%NPI(Procan), C$10/oz toC$2M(Aur) Canamax 10-42 BMCL 1,221 3,017 2,375 Hollo,Frecheville 2%NSR(NMCCL), 5%NPI(Procan), C$10/oz to C$2M(Aur) Canamax 10-42a NCL/BMCL *** *** *** *** 5%NPI(Procan), C$10/oz toC$2M(Aur) Canamax 10-45 BMCL 209 516 25,000 Holloway 3%NSR(NMCCL), 5%NPI(Procan), C$10/oz to C$2M(Aur) Canamax 10-47 NCL 421 1,040 0 Stou.,Marr.,Hollow 2%NSR(NMCCL), 5%NPI(Procan), C$10/oz to C$2M(Aur) Canamax 49-04 NCL 291 719 0 Marriott C$10/oz toC$2M(Aur)Canamax 49-05 (Frecheville) NCL 356 880 0 Frecheville C$10/oz toC$2M(Aur)Dessureault NCL 20 49 80 Holloway 2%NSR w/100% b/o till 102720 for C$1.312M(Dessureault,Harris,McBain)Eastern Claims NCL 37 91 177 Holloway 1.75%NSR(TBVM)FN-Card Lake NMCCL 30 74 102 Holloway None (possible claim by former CEO of predecessor company-researching)FN-Holloway (poss incl dupl ac from FN-PP+Tail grp) NMCCL 2,652 6,553 4,667 Holloway 1%NSR(CanNickel-INCO)FN-Polishing Pond (see BG-PP group) (MRO) NMCCL 176 435 0 Holloway 1%NSR(CanNickel-INCO)FN-Tailings (see BG-Tailings group)(MRO) NMCCL 607 1,499 89 Holloway 1%NSR(CanNickel-INCO)Garrison Pat (Canamax 10-46a,b)(Moneta JV) Canamax 394 974 1,569 Garrison 5%NPI(Procan), C$10/oz to C$2M(Aur) Harker Patents BMCL,TBVM,HGMI,FRI 69 171 239 Holloway, Harker NoneHolloway 1 Patents (PROD CLAIM) BMCL 70 173 286 Holloway, Harker 3%NPI(Cryderman), 10%NPI (w/in Unit-Blk)(TBVM)Holloway 2 Pat (Canamax 10-46c)(Moneta JV) Canamax 219 541 877 Holloway 5%NPI(Procan), C$10/oz to C$2M(Aur) Holloway 3 Patents (PROD CLAIM) BMCL 32 79 129 Holloway 3%NSR(Cadden,Zyla), 10%NPI (w/in Unit-Blk)(TBVM)Holloway Lake SR Patents (SRO) Canamax 234 578 78 Holloway N/AHolloway SR Patents (SRO) BMCL 138 341 0 Holloway N/AHolloway Wedge NCL 16 40 0 Holloway NoneLightval NCL 1,044 2,580 4,407 Harker 10%NPI-on 30%(NML), 1%NSR w/50% b/o till 100118 C$1M(Lightval)Marriott Pat (Canamax 10-46d)(Moneta JV) Canamax 139 344 556 Marriott 5%NPI(Procan), C$10/oz toC$2M(Aur) Tanager Creek NCL 496 1,226 0 Michaud, Garrison NoneTeddy Bear Pat (Normont JV)(PROD CLAIM) BMCL,TBVM,HGMI,FRI 290 717 1,005 Holloway, Harker 10%NPI (w/in Unit-Blk)(TBVM),15%NPI (outside Unit-Blk)(TBVM), 6%NPI-pt-clm-80,82,83(NML)TOTAL *** 14,859 36,721 $87,253 *** ***

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26-1

26 APPENDIX 3 SAMPLE PREPARATION AND FIRE ASSAY PROTOCOLS, EXPERT LABORATORY INC.

SAMPLE PREPARATION 1 – Receiving Samples

Upon receipt, samples are placed in numerical order and compared with the client packing list to verify receipt of all samples. If the client does not provide a packing list with the shipment, one will be prepared by the person unpacking the samples. If the samples received do not correspond to the client list, the client will be notified.

2 – Sample Preparation

Samples are dried, if necessary, and then reduced to -1/4 inch with a jaw crusher. The jaw crusher is cleaned with compressed air between samples and barren material between sample batches. The sample is then reduced to 90% -10 mesh with a rolls crusher. The rolls crusher is cleaned between samples with a wire brush and compressed air and barren material between sample batches. The first sample of each sample batch is screened at 10 mesh to determine that 90% passes 10 mesh. Should 90% not pass, the rolls crusher is adjusted and. another test is done. Screen test results are recorded in the log book provided for this purpose. The sample is then riffled using a Jones type riffle to approximately 300 gm. Excess material is stored for the client as a crusher reject. The 300gm portion is pulverized to 90% -200 mesh in a ring and puck type pulverizer, the pulverizer is cleaned between samples with compressed air and silica sand between batches. The first sample of each batch is screened at 200 mesh to determine that 90% passes 200 mesh. Should 90% not pass, the pulverizing time is increased and another test is done. Screen test results are recorded in the log book provided for this purpose.

GOLD FIRE ASSAY GRAVIMETRIC A 29.166gm sample is weighed into a crucible that has been previously charged with approximately 130gm of flux. The sample is then mixed and 2mg of silver nitrate is added. The sample is then fused at 1800 F for approximately 45 minutes. The sample is then poured in a conical -mold and allowed to cool, after cooling, the slag is broken off and the lead button weighing ~5-30gm is recovered. This lead button is then cupelled at 1600 F until all the lead is oxidized. After cooling, the dore bead is flattened with a hammer and placed in a porcelain parting cup. The -cup is filled with 1:7 nitric acid and heated to dissolve the silver. - When the reaction appears to be finished, a drop of concentrated nitric acid is added and the sample is observed to ensure there is no further


26-2

action. The gold bead is then washed several times with hot distilled water, dried, annealed, cooled and weighed.

Each furnace batch comprises 28 samples that include a reagent blank and gold standard. Crucibles are not reused until we have obtained the result of the sample that was previously in each crucible. Crucibles that have had gold values of 3.00 g/t are discarded. The lower detection limit is 0.03 g/t and there is no upper limit. All values over 3.00 g/t are verified before reporting.

technical report on holloway-holt mining project

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