Prospecting Geology Report on the LT 1 to and

Prospecting / Geology Report on the LT 1 to 6 and JM 1 Mineral Claims by: R.M. Durfeld, B.Sc., P.Geo. Box 4438 Williams Lake, BC V2G 2V5 June 2005 r , TABLE OF CONTENTS Page A,) PROPERTY DESCRIPTION.................................................. 1) Location ............................................................................ 2) Access and Physiography ................................................... 3) Claims ............................................................................... 4) Regional History (Bonanza Basin-Eldorado Mountain).... 5) Economic ........... 6 ) 2004 Expl, 2 2 2 2 3 4 B.) GEOCHEMI 1) RockSan C.) GEOLOGY .. / - D.) DISCUSS101 E.) PROJECT C( F.) STATEMEN' APPENDIX I - Sample Summaries - 2004 Analytical Results ILLUSTRATIONS r Figure 1 Figure 2 Figure 3 - Property Location Map - Claim Map / Sample Location / Geology (1:10,000) - Geochemical Plan - Gold (ppb) (1:10,000) Page 1 Attached Attached 0 - British Columbia 100 200 300 Km A A. ) PROPERTY DESCRIPTION 1) Location The LT and JM mineral claims are located in the Lillooet Mining Division, British Columbia, 17 kilometres north of the community of Gold Bridge and 11 kilometres northwest of Tyaughton Lake (Figure 1). More precisely, it is located at 51' 0' 42" north latitude and 122" 53" 28" west longitude. (National Topographic System Map 920.006 2) Access and Physiography The claims are accessed from Lillooet, via the Goldbridge Highway 40 to the Marshall Main (46 km), up Marshall Main a further 35 km, from where 8 km of local logging roads access the Bonanza Basin. From the end of the logging road lOkm of mining trails access the centre of the claims. The property can also be accessed by helicopter from Tyaughton Lake or Lillooet. The property lies in the Chilcotin Ranges of the south-central British Columbia interior. This region is characterized by narrow immature glacial valleys and interconnected basins with elevations on the property ranging from 1860 metres (6100 feet) to 2200 metres (7200 feet) above sea level. The property is in the upper reaches of the north flowing Bonanza Basin. The property occurs at the transition zone from alpine coniferous (pine-spruce-fir) to low lying alders and alpine grasses and flowers which on the steeper side hills give way to rusty outcrops and scree slopes. 3) Claims The Stewart property consists of 7 contiguous two-post mineral claims, covering some 175 hectares that were located according to the British Columbia Mineral Act (Figure 1). The claims are in the Lillooet Mining Division and are shown on map number 0920/006W. The current status of these claims is summarized as: Tenure Number 409982 409983 409984 409985 409986 409987 412440 Claim Name LT 1 LT 2 LT 3 LT 4 LT 5 LT 6 JM 1 Owner 125752 (100%) 125752 (100%) 125752 (100%) 125752 (100%) 125752 (100%) 125752 (100%) 125752 (100%) Good To Date 2008/APR/17 2008/APW17 2008/APW17 2008/APW17 2008/APW17 2008/APW17 2008/JUL/08 J.M. (Mel) Stewart is the registered owner of the LT and JM mineral claims. The 'Good to Date' reflects the assessment work that was applied to the LT claims for assessment credit on -2- March 4'h,2005 (Event # 4020707) and to the JM 1 claim on June 2,2005 (Event # 4033781). It is this assessment work that is the subject of this report. 4) Regional History (Bonanza Basin - Eldorado Mountain Area) 1909 The Minister of Energy and Mines Annual Reports documents the first work in 1909 as Grant White & George Bell staking Eldorado Creek. 1913 In 1913 a J. Lindsay (Eldorado Placer Mining Co. of Vancouver) had 2 miles of hydraulic leases on Eldorado-getting 25 cents /yard. On the east slope of the Eldorado basin an adit 40 feet in length has been driven into a deposit of decomposed & oxidized material with heavy sulphides. Panning results in fine gold and assays result in $3.60 (0.17 oz)to the ton and a trace of silver. Adit N0.2 -located some distance west and in a well defined fissure 4 feet wide of the same material is 30 feet in length and assays resulted in gold $18.40/ton ( 0.8902) and silver 0 . 1 0 ~ to the ton. About 150 feet lower and below No. 2 adit, 2 open cuts croscutting the formation exposed similar decomposed vein matter-apparently an extension of the fissure at No. 2 adit. Assays here ran $7.20 (0.3502) and silver 0.202 /ton. 1933 Eldorado, Lucky Jem group, of claims held by Grant White - panning on the south slope of the mountain yields free gold from the oxidized material of the many small arsenopyrite veins. Some work has been done on these veins and values of up to 2 oz per ton have been obtained. Bonanza (Nea) basin-Cooper Drabble of Bridge River & associates held about thirty claims and did extensive work on a feldspathic belt about 1000 feet wide which cuts diagonally through the quartz diorite, intrusions and sedimentaries of the area. Drabble and crew did extensive ground sluicing on the upper (south) end of the dyke and also along Hughes creek on the north end. On the south end, small veins of arsenopyrite carrying distributed gold values were found. On the north end where the dyke is crossed by Hughes creek a wider section is exposed. One vein exposed by this work shows a width of 34 inches of which 5 inches of arsenopyrite on the hanging wall assayed : gold, 2.40 oz per ton and silver, 20.9 oz per ton. Some 15 feet away on the same vein 10 inches of arsenopyrite on the hanging wall assayed 2.39 oz gold per ton and 16.8 oz silver per ton. The creek bed is steep and the vein can be exposed higher up by ground sluicing. -3- 1940 Bonanza (Robson Grp.), Bralome Mines Ltd. Held an examining option for six weeks during 1940, during which the repaired an old adit 70 feet long and extended it 130 feet; faced a second adit which was later advanced 40 feet by Anderson.; did considerable open-cut work and completed 700 feet of diamond drilling. They also completed the trail to the property, prospected, surveyed the original claims and staked others. Eldorado Grant White optioned the property to Britannia Mining and Smelting Co. In addition to extensive surface cuts, over 300 feet of tunneling and considerable diamond drilling were completed. 1967 Eldorado, Bridge River United Mines limited held the properties known as Lucky Strike, Robson, Ricky, & Bob Grp., Eleven miles of road from Tyaughton Lake was rebuilt, 3500 feet of trenching, some geological, electromagnetic, and geochemical work was done in the vicinity of the old showings. 1968 Eldorado, detailed geological mapping was done on 4 Lucky Jem claims. Stream sediment sampling done on Taylor Creek and it's tributaries for analysis for heavy metals. 5 ) Economic Considerations The LT and JM claims are 8 km from an all-weather forest access road that links the property to the community of Bralome and points beyond. The infrastructure in the Bralome area could easily support any development on the property, with hydroelectric power lines passing within eleven kilometres of the property. There is adequate area on the property for mine-mill development and waste or tailings disposal. 6 ) 2004 Exploration Program In April 2004 Me1 Stewart acquired the LT mineral claims in the Bonanza Finger for their potential of hosting economic gold mineralization. Mr. Stewart conducted two prospecting campaigns into the area (July 5thto 9thand August 24'h to 29"). The author spent August 28Ihon the property mapping and sampling. This report compiles results with previous work in the area and makes recommendations for ongoing exploration. C.) GEOCHEMISTRY 1.) Rock Sampling In conjunction with mapping and prospecting 27 rock, 1 soil and 1 silt samples were collected. Rock samples were comprised of chips of bedrock and float. The soil sample was of poorly -4- developed colluvum and the silt was from the active channel. All samples were placed in plastic sample bags, labelled with a unique numbered assay tag and shipped to Assayers Canada in Vancouver and analyzed for fire geochem gold and 30 element ICP. Eleven samples were also analyzed for mercury. The sample summaries and 2004 analytical results are attached as (Appendix I) The sample locations are plotted with the claim map and geology as figure 2. The rock geochemical results for gold are given as figure 3. C) GEOLOGY The oldest rocks in the property area are sediments (shales and sandstones) of the Upper Triassic Hurley Formation, that on the eastem and southern edges have been intruded by Cretaceous to Tertiary Age Granodiorites. The sedimentary - intrusive contacts are generally faulted on northwesterly and east-northeasterlytrends. Younger more felsic phases of the intrusions were noted as float and dykes. The sediments generally show strong homfelsing. The rock sampling was focussed in altered, gossanous areas with silicification and /or quartz carbonate veining. The altered intrusives and homfelsed sediments develop large gossanous areas. D) DISCUSSION OF RESULTS The rock sampling showed weakly anomalous gold > 30 ppb throughout the sampled area. Up to 546 ppb gold occurs in altered quartz veined granodiorite just north of the claims. A review of the sample summaries (Appendix I ) suggests a correlation of the higher gold, values with arsenic, antimony and silver supporting an epithermal model for the vein mineralization. High gold samples were also anomalous in copper and lead. Two samples of mote mafic altered material contained 2000 ppm nickel. The single stream sediment sample 749 (13 1749) was anomalous in gold and arsenic. The Bonanza Finger project covers the headwaters of a large basin of altered and gossanous intrusive and sedimentary rock. Ongoing exploration and sampling should be expanded to test this prospective area. -5- E.) Project Cost Statement $ 1,250.00 Geologist Prospector Truck Rental (including fuel) ATV Rental RM Durfeld,B.Sc.,P.Geo August 27 to 29,2.5 days @ $500 JM (Mel) Stewart July 5 to 9, August 24 to 29, 11 days @ $200 July 5 to 9, August 24 to 29, August 27 to 29. 14 days @ $100/ day including fuel. July 5 to 9, August 24 to 29, August 27 to 29. 14 days @ $ 701 day including fuel. 14 days @ $60 14 days @ $60 28 samples @ 2 4 3 sample 2,200.00 1,400.00 980.00 Field Equipment 840.00 840.00 Room and Board Analytical Costs 686.00 Report Preparation and Drafiing 1000.00 Total Project cost $8,356.00 Dated at Williams Lake, British Columbia this 2"d day of June, 2005. R.M. Durfeld, B.Sc.,P.Geo. -6- F.) Statement of Qualifications I, Rudolf M. Durfeld, do hereby certify that: 1.) I am a geologist with offices at 2029 South Lakeside Drive, Williams Lake, BC. 2.) I am a graduate of the University of British Columbia, B.Sc. Geology 1972, and have practised my profession with various mining and/or exploration companies and as an independent geological consultant since graduation. 3.) I am a member of the Canadian Institute of Mining and Metallurgy. 4.) That I am registered as a Professional Geoscientist by the Association of Engineers and Geoscientists of B.C. (No. 18241). 5.) That this report is based on: a,) my observations on a visit to the Bonanza Finger property on August 28", 2005. b.) my personal review of all available company and government maps / reports and assessment reports. Dated at Williams Lake, British Columbia this 2"d day of June 2005. R.M. Durfeld, B.Sc.,P.Geo -7- APPENDIX I - Sample Summaries - 2004 Analytical Results FROM :J. M. STEWQRTSURUEYS LTD. FQX NO. : J u n , 02 2005 10:00AM P4 AsSiIyeI3 Canada C A N A D .. 8282 Sherbrooke St. Vancouver, B.C. V5X 4R6 Tel: (804) 327-3436 Far: (604) 327-3423 -, ....... ...... ........... . . ..... ......... ._ Qu.a,IltyAssayinqfo,r over 25 . Years -....... - ..- ..... ............-.. ....-.....-....... I - - ...-.-..-.. ... Geoch,ernicalA naIvsis Ct?rt@cate Company: Proiecr; ALtn: 4 V-0634 -HG 1 J.M. Stewart Surveys Ltd. J.M. Stewart JuI-26-04 . .?.. J-@ 77PlP We hereby certifi the following geochemical analysis of G rock sarnplcs submitted Jul-20-04 by J.M. Stewart, 713 714 715 716A ....-, 101 54 6 21 ....... :_ ~ ..... I - . . 716B 62 31 ,-. .. , ....... .- . , . . . . ...... . *96-8 *BLANK -17-0'4 . . . . .... We hereby ccrlify the following geochemical analysis of 13 rock samples submitted Sep-01-04 131719 131720 131721 _.-_ - 14 131722 131723 131724 , . .-..._- . . . . _I_. 30 3. 122 . . 67 21 8 2 90 380 200 120 115 95 ............_._-._...... ...., .. --- 131725 131726 .131727 ...__.. .......... 7 0 7 . 8 -I-. 22 35 - .-............... ......._ ..- .---.. .I ^ 188 . fi ~ I V V U U . L J . 13 130 110 140 ----. - r O d I J I lLll Y O b 131732 *97-45 * BLANK 55 145 1.42 . . o . 01 c -. -- -.. J.M. Stewart Surveys Ltd. Attention: . ..~ \ \ Assayers Canada 8282 Sherbrooke St., Vancouver, B.C., VSX 4R6 ReporlNo : 4V0878 : RJ Td:(604)327-3436 Fa: (604) 327-3423 Date sep-17-04 Project: Sample: Rock MULTI-ELEMENTI 0 ANALYSIS Aqua Regia Digestion Sample 131718 131719 131720 131721 Al " Number Oh .'$jjii; ' :#a,. Ba .6g: Bi ppm ,ppin 94 co.:s wm cs c.5 ; Cd IU.OS ... 5.87 t gpm. ppm .pw m GI .' CO : Cr @: Fe % K.. Mg '% % Yn PPF wm . . 96. . c 2 ' 0:02 Mo b + Ni . p. Pb ..;.$b Sc , S m Sr 'TI V ,:,.? Y Zn Zr PW; P P ~ PV . P P ~ ' ppm .PP. PW " %. P P : ~ P ~ : : P P ~ P ppm P P ~ ' . . ' ' ;$!2 c0.2 0.37 0.45 Zs.9 2 208 2 9 D.49 . 1.5 0.08 0.4 0.25 392 I222 124 131722 131 723 131724 131725 131726 131727 50 c0.5 34 c0.S 33 ~ 0 . 5 33 4 . 5 cl Cl 11 14 15.00 15.00 656 0 3.47 404 64 2.91 0 6 .0 127 7.47 0.05 1.24 574 c2