2003 summer mapping program on the hyman property hyman …

41I05SE2022 2.28034 HYMAN 010

REPORT ON THE

2003 SUMMER MAPPING PROGRAM

ON THE HYMAN PROPERTY

HYMAN/NAIRN TOWNSHIPS

SUDBURY, ONTARIO

FOR

HttflU (OJtP.

k Geodigital K Mapping l \ Systems LA Inc.

May 29, 2004 Peter C. Wood B.A.Sc., M.Se.

TABLE OF CONTENTS

Page

1. SUMMARY..........................................................................................................................l

2. INTRODUCTION...............................................................................................................^2.1 GENERAL.......................................................................................!2.2 SOURCES OF INFORMATION............................................................ 22.3 UNITS AND CURRENCY ..................................................................2

3. PROPERTY DESCRIPTION AND LOCATION ............................................................33.1 PROPERTY LOCATION .................................................................... 33.2 PROPERTY DESCRIPTION AND OWNERSHIP...................................... 3

4. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ..........................................................................................................8

4.1 ACCESS .........................................................................................84.2 CLIMATE......................................................................................^4.3 LOCAL RESOURCES AND INFRASTRUCTURE....................................84.4 PHYSIOGRAPHY............................................................................^

5. HISTORY.......................................................................................................................10

6. GEOLOGICAL SETTING ...............................................................................................126.1 REGIONAL GEOLOGY.....................................................................126.2 PROPERTY GEOLOGY ....................................................................14

7. MINERALIZATION.........................................................................................................17

8. EXPLORATION................................................................................................................^8.1 PREVIOUS WORK...........................................................................188.2 2003 MAPPING PROGRAM...............................................................19

9. DRILLING.........................................................................................................................22

11. SAMPLE PREPARATION AND SECURITY .............................................................25

12. ADJACENT PROPERTIES...........................................................................................26

13. INTERPRETATION AND CONCLUSIONS ...............................................................27

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14. RECOMMENDATIONS.............................................................................................29

CERTIFICATE ..................................................................................................................30

REFERENCES...................................................................................................................31

LIST OF TABLES

Table l: Hyman Property Claim Identity.......................................................... 7Table 2: Parcels Comprising the Hyman Property ............................................... 7Table 3: Hyman 2003 drill hole locations ........................................................23

LIST OF FIGURES

Figure l: Hyman Property Location Map ......................................................... 5Figure 2: Hyman Property Claim Location Map ................................................. 6Figure 3: Regional Geology Map, Sudbury Area ............................................... 14Figure 4: Property Location, Geology and Showings........................................... 17Figure 5: Coarse-grained, vari-textured gabbro .................................................21Figure 6: Mineralized Sudbury Breccia...........................................................22Figure 7: Hyman Property, Drill Hole Location Map..........................................24

LIST OF APPENDICES

1. Hyman Property - Sample Details and Assay Data Summary2. Hyman Property - Assay Certificates3. Field Crew

Map 1: Bedrock Geology and Sample Locations, 1:2,500 (back pocket)

Map 2: Cu+Ni Assay Bubble Plot, 1:2,500 (back pocket)

Map 3: PGM Assay Bubble Plot, 1:2,500 (back pocket)

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1. SUMMARY

The Hyman Property was acquired by Mustang Minerals Corp. ("Mustang") because of

its exploration potential for disseminated Cu-Ni-PGM mineralization. This style of

mineralization is currently being explored for by Ursa Major Minerals at its Shakespeare

Property in Shakespeare Township.

The Hyman property is located in southern Hyman and northern Nairn Townships

approximately 55 km southwest of the city of Sudbury and 17 km west of Nairn Centre on

Highway #17. The Hyman Property consists of 8 unpatented mining claims covering

960 hectares.

Mapping indicates that the Hyman extension grid is underlain by an argillaceous

greywacke that have been conformably intruded by Nipissing gabbro sills.

Mineralization on the property is associated with and hosted by Nipissing gabbroic rocks

and consists predominantly of chalcopyrite, pyrrhotite and pyrite. The sulphides occur as

heavy disseminations, blebs, irregular patches and as stringers and veinlets in shear and

fracture zones. In mineralized areas sulphide contents vary from trace up to 1096.

However, the mineralization is generally erratic and lacks continuity.

Mineralizeition also appears to be associated with Sudbury Breccia on the property.

Nickel, copper and PGM concentrations are generally low, with the best assay results from

the mapping program being 1.0996 Cu and 0.22 96 Ni.

Exploration work that has been completed to date includes linecutting, magnetometer and

IP surveys, geological mapping and sampling followed by a small reconnaissance diamond

drill program. No significant mineralized zones of Cu-Ni-PGM were discovered during

this program. In light of the current results no further work is recommended at this tune.

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2. INTRODUCTION

2.1_______GENERAL

The Hyman Property was acquired by Mustang Minerals Corp. ("Mustang") because of

its exploration potential for disseminated Cu-Ni-PGE mineralization. This style of

mineralization is currently being explored for by Ursa Major Minerals at its Shakespeare

Property in Shakespeare Township approximately 10 km west of the property.

2.2_______SOURCES OF INFORMATION

In preparing this report the author carried out a review of all the available data on the

property. This report also borrows heavily from reports by Lapierre (2002) and Watts,

Grifffis and McOuat Limited (2002).

The author has visited the Hyman Property on numerous occasions with the date of the last

field visit being August 2003.

A complete list of the material reviewed is provided at the end of this report.

2.3_______UNITS AND CURRENCY

Metric units are generally used throughout this report. Copper, nickel and cobalt grades

are reported as percent C'%"). Platinum, palladium, gold and silver grades are reported

in grams per tonne ("g Pt/t", "g Pd/t", or "g Au/t") or parts per billion ("ppb").

Measurements in metres are reflected as "m".

All dollar amounts are expressed in Canadian funds, unless otherwise stated.

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3. PROPERTY DESCRIPTION AND LOCATION

3.1 _______ PROPERTY LOCATION

The Hyman property is located in southern Hyman and northern Nairn Townships

approximately 55 km southwest of the city of Sudbury and 17 km west of Nairn Centre on

Highway #17 (Figures l and 2).

3.2 _______ PROPERTY DESCRIPTION AND OWNERSHIP

The Hyman Property consists of 8 unpatented mining claims covering 960 hectares

(Figure 2). The mining claims comprising the property (Table 1) were acquired from

local prospectors either by purchase or option agreements. The various Option

Agreements (Table 2) require that Mustang make combinations of cash payments, stock

issuances and in one instance fulfil work commitments. The agreements also require that

the Company keep the property in good standing, and that the claims are in good standing

if they are returned to the Optionor.

Mustang can earn a 10C^ undivided interest in all of the mining claims comprising the

Hyman Property.

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*sS*

^

! Red Lake Pickle Crow

Lake ) Nipigon

Geraldton

Manitouwadge sji .l Matagami

' Timmins ,/...^ ., , t Rouyn-Noranda Kirkland Lake o ( 0

' Val-d'Orl 0

7 f LAKE ONTARIO

Figure 1: Hyman Property Location Map

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Figure 2: Hym

an Property Claim

Location M

ap

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Table l: Hyman Property Claim IdentityClaim*30027893002749301033112180421214579122969812295973003205

Units881288844

TownshipHymanHymanNairn

HymanHymanNairnNairnNairn

Due datesSept. 27, 2006Sept. 27, 2006Sept. 27, 2006Nov. 2, 2006Nov. 2, 2006May 5, 2006

June 25, 2006Sept. 6, 2006

Table 2 summarizes the Agreements under which the mining claims were acquired.

Table 2: Parcels Comprising the Hyman PropertyTownship

Nairn/Hyman

Nairn/HymanTotal

Agreement Date

September 9, 2002

October 25, 2002

Claim Owners

Dan Patrie Exploration SL Sons

Norwin Geological Ltd.

Claims

5

38

ClaimUnits

32

2860

Hectares

512

448960

Under the Option Agreement transaction dated September 9, 2002 with Dan Patrie

Exploration 81. Sons, Mustang can earn a 1009?) undivided interest in 5 mining claims

comprising 32 mining claim units. The claims are located in Hyman and Nairn Townships.

By making the following cash payments and issuances of common stock Mustang can earn

its interest subject only to an underlying net smelter royalty of 3^o. Mustang can buy back

2% of the royalty by paying SI million.

Cash payments are: Paid on closing - S20,000

On or before the 1 st Anniversary - S40,000

On or before the 2nd Anniversary - S60,000

On or before the 3rd Anniversary - S80,000

Mustang issued 100,000 shares to the Vendors on closing.

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Mustang has also agreed to keep the property claims in good standing.

Under the Option Agreement transaction dated October 25, 2002 with Norwin Geological

Ltd. Mustang has earned a 100% undivided interest in 3 mining claims (28 units) by

paying S5,000 and issuing 100,000 shares to the Vendors.

The Optionor will retain a 2% Net Smelter Royalty on the property. Mustang also has the

Option to buyback up to \7c of the Royalty for S500,000 for each Q.5% that is purchased.

Mustang is required to keep the claims in good standing during the term of the agreement.

-7-

4. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES,

INFRASTRUCTURE AND PHYSIOGRAPHY

4.1______ACCESS

To access the property one travels west from Sudbury on Highway 17 to its intersection

with the Sand Bay road. The Sand Bay road continues north from Highway #17 for a

distance of ~6 km to the western part of the property. Access to other parts of the

property is by numerous logging roads, ATV trails and waterways (Agnew Lake).

4.2_______CLIMATE

The area has a moderate climate with temperatures averaging about 240C in summer

and -90C in winter. Extreme temperatures are greater than 300C in summer and less

than -400C in winter. Annual precipitation consists of about 60 cm of rain and 240 cm of

snow.

4.3_______LOCAL RESOURCES AND INFRASTRUCTURE

The property is immediately north of Highway #17, which is the Trans Canada Highway.

Services and supplies to support exploration are readily available in the local towns of

Nairn, and Espanola.

The full range of equipment, supplies and services required for any mining development is

available in Sudbury, a distance of 60 km from the property by road.

The city of Sudbury is a major centre with a population of about 90,000 (164,000 in the

Regional Municipality of Sudbury). As home to both Inco Limited and Falconbridge

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Limited, the Sudbury area is the western world's largest producer of nickel and the

location of the largest fully integrated mining, milling, smelting and refining complex in

the world. Over 300 companies involved in mining related activities offer expertise

covering all areas of underground hardrock mining and environmental rehabilitation.

Abundant water resources are present in the lakes, rivers, creeks, and beaver ponds on the

property.

4.4_______PHYSIOGRAPHY

The major topographic feature of the area is Agnew Lake which is located along the north

part of the property (Figure 1). The property itself has rocky, east-northeast trending

ridges separated by valleys filled with glacial material, swamps and streams.

Vegetation is typical for the Sudbury area with mixed second growth forest of spruce,

pine, poplar, birch, oak and maple. The swampy low lying areas contain abundant tag

alders.

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5. HISTORY

Historical work has centred on two main areas of mineralization on the present claim

block.

1. KEBA Prospect (present claim # 1229698)

The property was located in lots 9 and 10, Concession VI, on the boundary in Hyman

Township. It was held by Spanish Basin Mines Syndicate in 1928. The property was then

re-staked and optioned to Falconbridge who carried out geological and geophysical

exploration in 1953. Two small east-west trending, south dipping sulphide showings are

separated by 550 m of drift cover. The largest of the showing was exposed for 160 m

and had widths up to 3.5 m (Ginn, 1965). Moore (1929) reported values of sulphide-

bearing rock to contain Q.68% nickel and no gold.

Sudnor Mining Company, in 1970, drilled three holes and carried out trenching in the NW

1A, Nl/2 lot 9 Cone.VI. No assays were reported.

2. KORDOL Exploration Limited (present claim # 1214579)

In 1959, exploration consisted of geological mapping, magnetometer survey, surface

trenching and sampling and diamond drilling. The main showings were associated with a

large body of metagabbro and consisted of pockets of disseminated or massive pyrrhotite,

pyrite and chalcopyrite. A chip sample yielded 5.2 m @ t.03% copper, Q.45% nickel,

Q.12% cobalt and trace palladium. Shallow drilling intersected 1.5 m to 3.65 m averaging

1-1.5!^ combined copper and nickel.

In 1975 and 1979, a large regional program conducted by Consolidated Morrison and

covering the present property consisted of geological mapping and airborne and

radiometric surveys.

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In 1999, Dan Patrie and Associates carried out line cutting, prospecting, and

magnetometer and induced polarization (pole-dipole) geophysical surveys on the property.

The surveys were conducted along the Nairn-Hyman boundary on current claim #'s

1218042 and 1229698. The program outlined an apparent zone of low resistivity and high

chargeability associated with anomalous nickel-copper values over a strike length of 900 m

(the extent of the survey). The horizon had a northeast strike and appeared to be

associated with the gabbro sill located on the property.

Mustang optioned the Hyman Property in the fall of 2002.

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6. GEOLOGICAL SETTING

6.1_______REGIONAL GEOLOGY

The Hyman property lies along the southern margin of the Archean aged Superior

Province proximal to where it is overlapped by 2.5 to 2.2 Ga sedimentary rocks of the

Huronian Supergroup (Figure 2).

The Archean rocks of the Superior Province are dominated by plutons and gneisses with

lesser amounts of greenstone, which date at about 2,700 Ma. Late Archean

tectonometamorphism (2,640 Ma) produced the Levack Gneiss Complex and the associated

anatectic granitoid rocks. The area was then intruded by the northwest trending

Matachewan dyke swarm about 2,450 Ma.

With the onset of extensional tectonics the area was intruded by gabbroic intrusions of the

East Bull Lake Suite ("EBLS") at about 2,490 - 2,450. These intrusions are believed to

be eogenetic with the lowermost volcanics of the Huronian Supergroup.

Huronian sedimentation and volcanism continued to about 2,200 Ma. The sediments were

derived from the Archean Superior Province to the north. All of the rocks were intruded

by the extensive Nipissing Gabbro/Diabase sill-dyke system about 2,200 Ma.

The Sudbury Meteorite Impact event (1,850 Ma) affected a large area both inside and

outside the current limits of the Sudbury Basin, which is located just to the northeast of the

property. The impact resulted in the emplacement of the Sudbury Igneous Complex and

the formation of a radial and concentric pattern of offset dykes and zones of

pseudotachylyte ("Sudbury Breccia") within the surrounding Archean and Proterozoic

rocks.

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Figure 3: Regional G

eology Map, Sudbury A

rea

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The area was then affected by compressional tectonics during the Penokean orogeny,

variously dated at between 1,700 - 1,900 Ma. Northwesterly directed thrusting during

this orogenic event is responsible for the current northeast-southwest geologic fabric.

Both the mafic East Bull Lake Suite intrusions and the Nipissing Gabbro/Diabase sills are

known to host Cu-Ni-PGE mineralization.

Mineralization associated with the dyke to sill-like mafic intrusions of the Nipissing

magmatic event in the Sudbury area are numerous and can be categorized as follows:

1. Disseminated to interstitial primary magmatic sulphides containing Cu-Ni-Co-PGE.

2. Massive Cu-Ni-Co-PGE bearing sulphides associated with interstitial sulphides.

3. Massive pyrrhotite-rich sulphides.

4. Fracture-controlled sulphides containing Cu-Ni-Co-PGE.

5. Massive sulphides in vein systems containing Cu-Ni-Co-PGE.

6. Massive sulphides as irregular segregations or pods containing Cu-Ni-Co-PGE.

7. Pyrrhotite-rich barren sulphides as matrix in fracture/brecciated environments.

8. Sulphides associated with siliceous lenses containing Cu-Ni-Co-PGE.

9. Carbonate altered disseminated Au-bearing pyrite.

10. Disseminated Au-bearing sulphides in mafic skarn proximal to gabbro/calcareous

metasediments.

It can be concluded that on a regional scale the gabbro sills in the Sudbury area are

dominated by Cu-Ni-Co-PGE type of mineralization (Peredery, 2001).

6.2_______PROPERTY GEOLOGY

The geology of the property is dominated by several large Nipissing gabbro sills. These

have intruded metasedimentary rocks of the Huronian Elliot Lake Group. These range

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from polymictic conglomerates and metapelites on the northeastern part of the property to

predominantly quartzites on the southwestern part.

The rocks on the northern part of the property trend northeasterly and dip steeply south.

Rock units on the southern part of the property have been folded about the Baldwin

Anticline and have variable strikes and dips.

Late stage olivine diabase dykes cross-cut all rocks of the claim group.

Several north-east trending lineaments occur on the property. One such fault, the Fairbank

Lake Fault, crosscuts the centre part of the property.

Several parallel faults are located to the north and south of the Fairbank Lake Fault.

Mineralization observed on the Hyman property is associated with the gabbro sill as

fracture-controlled and primary segregations. Sulphide minerals consist of a pyrrhotite-

pentlandite-chalcopyrite-pyrite assemblage.

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aa

s

.

c

s

t S

E lil lg

(3

1111 HfH

fif f!**!3

s

z 3

izsljs

s]

3 as I 3

Figure 4: Property L

ocation, Geology and Show

ings

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7. MINERALIZATION

Several of the mineralized occurrences were located and sampled by Mustang.

Mineralization on the property is associated with and hosted by Nipissing gabbroic rocks

and consists predominantly of chalcopyrite, pyrrhotite, pyrite and pentlandite and pyrite.

The sulphides occur as heavy disseminations, irregular patches and as stringers and

veinlets in shear and fracture zones. Winter (2000) reported the presence of a small

mineralized breccia in a structure associated with the mineralization on the property and

Ginn (1965) reported mineralized inclusions of sedimentary rocks within the gabbro on the

Keba showing. Winter (2000) also suggested the possibility of Sudbury Breccias in the

area that may have some relationship to the mineralization.

To date, the mineralization on the property has been erratic, occurring as small, irregular

patches to pods and disseminations, within the gabbro and commonly close to the contact

with the sediments.

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8. EXPLORATION

8J______PREVIOUS WORK

Upon acquiring the Hyman property, Mustang conducted a preliminary geological survey

in the fall of 2002. The purpose of the program was to locate historical pits, trenches and

shafts on the property, to sample any zones of mineralization, to identify the host rock to

the mineralization and to determine if the zones on the property warrant further

exploration.

All of the historic showings were located were found to be hosted by a northeast trending

Nipissing gabbro sill which strikes across the property for a distance of 4.5km. A discrete

sulphide horizon comprised of erratic disseminated to locally semi-massive sulphides was

also observed in outcrop and appeared to be associated with an IP chargeability anomaly

within the gabbro sill. The continuity and extent of the sulphide mineralization was not

established at this time. The mineralization was confirmed as being composed of

chalcopyrite, pentlandite, pyrrhotite and pyrite with best assays from grab samples of

G.92% nickel and l. li'fa copper. Platinum group metal assays were typically below

200ppb (Lapierre, 2002).

In early 2003, Mustang completed 13km of line cutting and chaining extending the pre

existing grid to the east. The base line was extended for an additional 700m. Grid lines

were cut every 100m, and picketed every 25m. Garmin OPS receivers were utilized for

locating grid end points and intersection points, grab samples and claim posts. All UTM

coordinates were recorded hi NAD27, Zone 17T.

The previous IP data set was also reprocessed and examined by Geodigit-Ex, Mustang's

geophysical consultant. It was reported that the data were too noisy due to electrode

contact problems and consequently the interpreted anomalies were likely unreliable (R.

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Tykajlo, pers. comm., 2003). The grid extension was then covered with total field

magnetometer and pole-dipole induced polarization surveys (Patrie, 2003a and 2003b).

For this IP survey Patrie used a higher powered generator and also tried to achieve the

best electrode contacts wherever possible. The resultant data were much cleaner and

defined a single, northeast-trending, chargeability anomaly on lines 1200E, 1300E and

1400E in the vicinity of the baseline. Examination of the previous geological data for this

area indicated a gabbro-sediment contact, which on the old grid to the west, is commonly

mineralized.

8,2______2003 MAPPING PROGRAM

Between July 14 and August 14, 2003, geological mapping and sampling were completed

on the Hyman grid extension. Sampling was of a reconnaissance nature with l-3kg grab

samples obtained from outcrop where sulphide mineralization was encountered. Samples

were also collected from unmineralized exposures to document the background nickel,

copper and PGM concentrations in different rock units along the traverse lines. A total of

153 samples were collected, and approximately 13 line km of grid were mapped. The

mapped outcrops, sample locations and numbers, and interpreted geology are shown on

Map l (back pocket).

Mapping indicates that the Hyman extension grid is underlain by an argillaceous

greywacke that have been conformably intruded by Nipissing gabbro sills. Most of the

Nipissing gabbro on the property exhibits very little differentiation and consists of a highly

uniform, fine- to medium-grained massive quartz diabase. Rare pegmatitic gabbro pods,

vari-textured gabbro and pyroxenite were also observed (e.g. L1150E/265N) (Figure 5).

The Nipissing gabbro sill is bounded to the north and south by a fine- to medium-grained,

bedded argillaceous greywacke of the McKim Formation. This unit typically contains

trace sulphides but locally can contain up to 5 7c finely disseminated and fracture-related

pyrite. This sulphide concentration could cause an IP chargeability anomaly.

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Sulphide minerals in the gabbro typically range from trace to 2% and consist of

chalcopyrite and pyrrhotite with minor pyrite and pentlandite that are primarily

disseminated to blebby within the gabbro. Locally, and adjacent to the gabbro-sediment

contacts, semi-mass i ve sulphides are exposed as small, irregular, pod-like bodies and

associated with joints and fractures. In mineralized areas sulphide contents vary from

trace up to 59fc. Interestingly, a breccia was observed at a rusty, mineralized outcrop at

L850E/430S where rounded gabbro inclusions are surrounded by a very fine-grained, rusty

matrix (Figure 6). This is interpreted to be Sudbury Breccia and was also noted by Ginn

(1965) and Winter (2000).

Figure 5: Coarse-grained, vari-textured gabbro

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Figure 6: Mineralized Sudbury Breccia

A total of 153 samples were collected from the Hyman extension grid during the mapping

program and submitted to Expert Laboratories in Rouyn-Noranda, Quebec, for

determination of Au, Pt, Pd, Cu and Ni. Sample descriptions, locations and results are

provided in Appendix 1. Assay certificates can be found in Appendix 2. Assay results

are also represented graphically with bubble plots for Cu + Ni and combined PGM, on

Maps 2 and 3, respectively. The best assays were obtained from sample 45110 which

contained S-5% disseminated to blebby chalcopyrite and pyrrhotite. This sample was

collected in the vicinity of the historic showings on L800E and L850E at approximately

430S and is associated with Sudbury Breccia. The sample returned i.09% Cu, Q.22% Ni,

206 ppb Pd, 80 ppb Pt and 68 ppb Au.

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9. DRILLING

In follow up to the mapping and IP program, Mustang drilled three reconnaissance NQ

drill holes for a total of 623m during September, 2003. The drill logs, sections and assay

results have already been submitted for assessment under a separate report. The holes

were drilled to test the continuity of the anomalous Cu-Ni mineralization that was

encountered at the historic showings and also test the chargeability anomaly that was

defined in the IP survey. The locations of the holes are tabulated in Table 3 and shown on

Figure 7 and Maps l, 2 and 3.

Table 3: Hyman 2003 drill hole locations

Hole#

MBH03-01

MBH03-02

MBH03-03

UTM

East

449893

450371

449814

UTM North

5134656

5315147

5314673

Azimuth

130

180

180

Dip

-45

-45

-55

Length (m)

119

292

212

Target

Test under showing

Test IP chargeability anomaly

Test IP anomaly west of

showing

The drill results were generally disappointing and no significant mineralized zones were

defined. Hole MBH03-01 intersected a mineralized gabbro contact with S-7% and locally

up to 1596 disseminated to blebby pyrrhotite, chalcopyrite and minor pyrite. Best assays

were Q.11% Ni, G.16% Cu, 1.14 g Au/t, 43 ppb Pt and 77 ppb Pt.

Hole MBH03-02 intersected 280m of argillaceous greywacke with trace to l % and locally

up to 3-5 7o disseminated, seams and fracture filling pyrite and pyrrhotite. These sulphides

were likely the cause of the IP chargeability anomaly.

Finally, hole MBH03-03 was drilled to the west of hole MBH03-01 to test a possible

chargeability anomaly that was defined in the 1999 IP survey. This hole also intersected a

mineralized gabbro contact with trace to 2% and locally up to 10 Jc disseminated to blebby

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Figure 7: H

yman Property, D

rill Hole L

ocation Map

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10. SAMPLING METHOD AND APPROACH

Rock sampling was carried out during the geological mapping program. Two to three

kilogram rock samples were collected at most of the outcrops that were visited at an

average density of approximately one grab sample every 50m. The goal of the sample

program is to determine the presence of elevated Ni-Cu-PGM values and/or determine the

character of observed sulphide mineralization. During this phase of sampling, priority was

given to confirming the presence and character of the mineralization. However, samples

were also collected from unmineralized exposures to document the background nickel,

copper and PGM concentrations in different rock units along the traverse lines.

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11. SAMPLE PREPARATION AND SECURITY

No sample preparation was carried out by Mustang. Assaying was completed at Expert

Laboratories in Rouyn-Noranda Quebec. Copper, nickel and cobalt concentrations were

determined by total digestion atomic absorption on a 0.50 g sample. The detection limit is

2 ppm for Cu, Ni and Co. Gold, platinum and palladium were determined by fire assay-

geochem whereby a 29.166 g sample is weighed into a crucible that has been previously

charged with approximately 130 g of flux. The sample is then mixed and l mg 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 mould and allowed to cool; after cooling, the slag is

broken off and the lead button weighing 25-30 g is recovered. This lead button is then

cupelled at 1600 F until all the lead is oxidized. After cooling, the dore bead is placed in a

13 x 100 mm test tube. The beads are then digested and Au, Pt, Pd concentrations are

determined by ICP-MS. The detection limits are 2 ppb for Au, 5 ppb for Pt and 4 ppb for

Pd.

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12. ADJACENT PROPERTIES

The potential of the property to host economic concentrations of nickel-copper-cobalt and

PGEs is demonstrated by the recent discovery on a nearby property. Numerous small

showings of nickel-copper-PGE mineralization have long been documented from Nipissing

gabbro sills. Until recently however, no mineralization of sufficient grade and continuity

had been located to be of economic interest. However, recent shallow surface drilling on

the Shakespeare gabbro sill approximately 10 km west of the property by Ursa Major

Minerals has yielded wide intersections of combined nickel, copper and PGE near an

existing deposit. The Shakespeare deposit was originally acquired by Ursa from

Falconbridge Limited. The new discovery is located northeast of the Shakespeare deposit

where there is a previously reported near-surface, Inferred Resource of 1.9 million tonnes

grading G.36% nickel, Q.42% copper 0.44 g Pd/t, 0.40 g Pt/t and 0.23 g Au/t. More

recently, Ursa Major reported an indicated resource for the Shakespeare deposit of 12.0

million tonnes at Q.35% nickel, Q.36% copper, 0.34 g Pd/t, 0.38g Pt/t and 0.19g Au/t

(Ursa Major Press Release, April 15, 2004). The discovery of wider intercepts near the

Shakespeare deposit has confirmed that the gabbro sills to the west of Sudbury have the

potential to host significant metal concentrations.

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13. INTERPRETATION AND CONCLUSIONS

Mapping has confirmed that the Hyman extension grid is underlain by an argillaceous

greywacke that have been conformably intruded by Nipissing gabbro sills. Most of the

Nipissing gabbro on the property exhibits very little differentiation and consists of a highly

uniform, fine- to medium-grained massive quartz diabase.

Sulphide minerals in the gabbro typically range from trace to T.% and consist of

chalcopyrite and pyrrhotite with minor pyrite and pentlandite that are primarily

disseminated to blebby within the gabbro. Locally, and adjacent to the gabbro-sediment

contacts, semi-massive sulphides are exposed as small, irregular, pod-like bodies and

associated with joints and fractures. In mineralized areas sulphide contents vary from

trace up to 1096. However, the mineralization is generally erratic and lacks continuity.

Mineralization also appears to be associated with Sudbury Breccia on the property.

Nickel, copper and PGM concentrations are generally low, with the best assay results from

the mapping program being X.09% Cu and Q.22% Ni.

In light of the current results no further work is recommended at this time.

-27-

14. RECOMMENDATIONS

Mustang has conducted a systematic exploration program consisting of linecutting,

magnetometer and IP surveys, geological mapping and sampling followed by

reconnaissance diamond drilling. No significant mineralized zones of Cu-Ni-PGM were

discovered during this program. Consequently, based on the foregoing results, no further

exploration work is warranted at this time.

-28-

CERTIFICATE

To Accompany the Report titled"Report on the 2003 Mapping Program on the Hyman Property,

Hyman/Nairn Townships, Sudbury, Ontariofor Mustang Minerals Corp."

dated May 29, 2004

I, Peter C. Wood, of the city of Sudbury, Province of Ontario, Canada, do hereby certify

that:

1. I aim a practising consulting geologist with Geodigital Mapping Systems Inc., with an office at 618 Telstar Avenue, Sudbury, Ontario, and a mailing address of Plaza 69 P.O., Box 21026, Sudbury, Ontario, P3E 6G6;

2. I am a graduate of the University of Toronto, Ontario with an Honours Bachelor of Applied Science Degree (1983) in Geological Engineering and Applied Earth Sciences (Exploration Option), and a Master of Science Degree (1987) in Geology;

3. I have been practising my profession as a geologist in Ontario, Quebec and the Northwest Territories since 1987;

4. I have pending applications for membership in the Association of Professional Geoscientists of Ontario and the Professional Engineers Ontario;

5. The information contained in this report and accompanying maps is based on personal observations and direct supervision of the field work;

6. I have visited the Hyman Property on numerous occasions, and that my last visit to the Hyman Property was on September 20, 2003; and,

7. I have no direct interest in the claims mentioned in this report; however, I do beneficially hold shares and stock options for shares of Mustang Minerals Corp.

Dated this 29th day of May, 2004, Sudbury, Ontario

Peter C. Wood, B.A.Sc., M.Se.

-29-

REFERENCES

Card, K.D.

1976 Geology of the Espanola-Whitesfish Falls Area, District of Sudbury,

Ontario. Ontario Geological Survey, Report 131, 70 pp.

Ginn, R.M.

1965 Nairn and Lorne Townships. Ontario Department of Mines, Report

35 (map 2062), 46 pp.

Lapierre, K.J.

2003 Assessment Report on the Hyman Property, Hyman/Nairn

Townships, Sudbury, Ontario for Mustang Minerals Corp.

Patrie, D.

2003a Total Field Magnetometer Report on the Hyman Township Property,

District of Sudbury /or Mustang Minerals Corp., 6pp plus two maps.

Patrie, D.

2003b Induced Polarization Report on the Hyman/Nairn Boundary Property,

District of Sudbury for Mustang Minerals Corp., 6pp plus l base

map and 13 pseudosections.

Peredery, W.V.

2001 An Outline and Potential of Barry-Burns Properties in Baldwin and

Nairn Townships, Sudbury District, Ontario, Unpublished report.

-30-

Watts, Griffis and McOuat Limited

2003 Report on the Hyman Property, Hyman/Nairn Townships, Sudbury,

Ontario for Mustang Minerals Corp., 35pp.

Winter, L.D.S.

2000 Geological Report on the Agnew Lake property, Hyman and Nairn

townships, District of Sudbury Ontario for Goldwright Explorations

Inc., 15pp.

-31-

APPENDIX 1: HYMAN PROPERTY - SAMPLE DETAILS

AND ASSAY DATA SUMMARY

Appendix 1: Hyman Property Sample Details and Assay Data Summary

Sample**

450514505245053450544505545056450574505845059450604506145062450634506445065450664506745068450694507045071450724507345074450754507645077450784507945080450814508245083450844508545086450874508845089450904509145092450934509445095450964509745098450994510045101451024510345104

Grid coo Easting

1050104810501050104610501050105010451053105010601053104610501051110011031100110011001098110010991100850857853848854850850853861850849851847962955953947952953954955956967963961964949950951

rdinates Northing

-351-289-278-206-156-123

-50

112150182211239275317336378450398360349317292249206183

-229-271-309-348-376-387-446-435-447

1521842092362111269632

-13-34

-186-210-241-281-280-281-277-316-328-361

Ul Easting

450140450130450135450134450122450129450129450133450127450134450133450142450128450114450123450113450176450176450174450174450175450168450172450171450170449947449956449954449949449952449950449954449947449959449927449924449927449925450040450032450031450024450028450033450039450035450040450051450049450047450050450034450036450036

M

Northing513472751347845134788513485351348945134926513500251351535135185513521551352445135275513531451353405135372513540951354715135422513539251353795135348513532851352815135242513521951348115134785513474451347145134683513467451346495134636513465651352065135231513525451352845135249513516651351395135071513503751350165134866513483651348065134764513476851347645134771513473951347185134690

Rock Type

GAB (DIKE?)GAB/SED?GABGABGABGABGABGABGABGABGABGABGABGABSEDSEDGABSEDSEDGABGABGABGABGABGABGABGABGABGABGABGABGABGABGABGABGABGABGABSEDGABGABGABGABGABGABGABGABGABGABGABGABGAB (DIKE?)GABGAB

Texture 1 Alteration

bio-m,p,mag-smass, sil?mass.sil?mass,chl-m,pmassmassmassmass,chl-nVsmass.bio-w/m.pmass.chl-m/smass.chl-m/smass,chl-wmass.chl-m/smass,chl-w,pmassbdmass-fol

massmass,chl-mmass,chl-mmass,chl-wmass,chl-smass.chl-m/smassmassmassmass.chl-w/mmass.chl-w/mmassmass-bxmass-bxmass-bxmassmassmassmassmass-folmassmass.chl-w/mmass,chl-w7mmass,chl-mmassmassmassmassmassmassmassmassmass,mag-smassmass

Grain Size

mgmgfg-mgmgfg-mgmgmgfg-mgfg-mgfg-mgfg-mgmgfg-mgfg-mgfgfgfg-mgfgfgmgmgmgmgmgmgmgmgmgmgfcj-mgmgmgmgmgfgfgfg-mgmgfgmgmgmgmgfg-mgfg-mgfgmgmgmgmgmgmgmgmg

Structure

bd.folmass-foifol @ 060/-65fol

mass-bxmass-bxmass-bx

mass-fol

Mag. Sus.

29.300.32

0.370.36

0.440.500.380.490.360.570.440.510.260.280.590.260.260.48

0.43

0.42

0.460.390.710.590.47

6.572.121.080.570.750.440.590.360.520.460.400.410.470.770.330.360.600.710.750.68

33.400.510.47

Sulphides

no visible sulphno visible sulph1 07opo-blbno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphpo-tr,disno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphblb,1 07opo,0.5 07ocpno visible sulphno visible sulphblb,2 07ocp,3-4"7opo3"7opo,cp-tr,dis2-307ocp,tr.po,disno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphtr-0.507ocp,1-2 07opo0.5 07ocp,1-2 07opo0.5-1 07t,cp3 07ocp-blbno visible sulphno visible sulphno visible sulph

Au ppb

69^773351139*2

3337^57^65^*2

3^29101096719513252*2

3*2

2351553539

213846465103

Pt ppb^*5^71120^128111012109^^^*5*5

111323151399

121618221381917713010^8110^101110131210*5

729304267*S

6^

Pd ppbM^*4^51955^*4

48*4

8*4'4'4*4'4

1071296*4

82317292813418713412910*4

679*4

7546655

1155648578^76

Cu ppm58323420414

25456

39652725382914333810733417212016253013924578

2041406750

9500726917955

7121402213442553

3894218981356506747

Ni ppm3953404663SI21756579673656394145215642264943456361552861

3601261108347401984224

24030536554636667581939172346383304393023


Sample #

451054510645107451084510945110451114511245113451144511545116451174511845119451204512198219982209822198222982239822498225982269822798228982299823098231982329823398234982359823698237982389823998240982419824298243982449824598246982479824898249982509825198252982539825498255

Grid coo Easting

951954942942

1026850852854855862860860

11521146115411301152756740756755757743750760751750750853

1306130112991302130212861250140113971397139514041400139913991400129812971300129914991496149915001489

rdinates Northing

-496-548-593-591

2-428-428-428-429-420-420-418

185260279300330324282260222201174154128

-301-343-435-553

63-52

-107-155-203-227-215-149-89-72-51

020

214264368397467328277349319293273244

U'

Easting450046450046450038450034450097449950449955449955449956449965449962449961450228450221450227450209450219449824449815449827449824449833449816449827449834449852449847449866449959450388450370450377450372450381450361450325450484450477450476450473450475450477450471450469450464450364450368450370450374450550450551450555450557450545

'M

Northing513455251345165134468513445751350495134639513463851346395134640513464851346485134648513523851353005135318513534351353765135333513530551352755135242513522151351995135176513515551347435134704513462451345345135112513500451349555134903513487051348265134837513490851349725134985513500651350565135079513528551353045135405513544851354175135386513523851353915135363513533851353225135296

Rock Type

GABGABGABGABGABGABGAB?GAB?GAB-QGABGAB-QGAB?GAB?GABGAB/PYXT ?PYXT?PYXTMGABGABSEDGABSEDGABGABSEDGABGABGABGABGABSEDSED.QTEGABGABGABGABGABGABGABGABSEDGABGABSEDGABGABGABGABGABGABGABGABGABGABGABGAB

Texture 1 Alteration

massmass,ohl-wmass,qtz-carb-ffser-m/smassch!-schl-p.+Aserchl-p.+^serchl-pchl-s,pchl-pchl-s,pchl7serp?-pserp-prustychl-wchl-pbd.ser-w/mmassmass,sil,ser-wmassmass.chl-m/s.bio-w/mbd.silmass-folmass-fbl,bio-mmassmassmass,chl-m,bio-wser/bio-smassmass-fol, bio-w/mmass-fol, bio-m/smass, bio-w/mmassmassser+bio-m/smass,chl-mmassmass, silmassmass, bio-m/sbd.bio+ser-mmass, chl-wmassmass.chl-w/mmass, chl-wmass.chl-m/smass,chl-nVs,bio-mmass.chl-m/smass.chl-m/schl-s,bio-mmassmassmass

Grain Size

fg-mgmgfg-mg

mgfgfgfgfgvfgfgfgfgfg-mgmg-cgfgfgfgmgfgfg-mgmg-cgfgfgfg-mgmgfg-mgmgfgfgfgfg-mgfgfg-mgmgmgmgmgfgmgfg-mgfgmgmgmgmgmgmgfg-mgfg-mgmgmgfg-mgmg

Structure

fol @ 320/-75

fol

bd @E-W,dip low

bd 270/-80mass-folmass-fol

sch-fol 052/-63

mass-folmass-fol

shrd/fol 310/-4C

bd/fol 091/-85

fol

Mag. Sus.

0.430.340.38

0.39

0.450.580.450.520.540.330.490.310.530.56

0.660.600.470.540.46

0.54

0.250.410.530.100.470.530.290.48

0.45

0.56

0.51

0.39

Sulphides

no visible sulphno visible sulphno visible sulphno visible sulphno visible sulph3-507uCpy!po,dis-blb1-2"70 po*Acpy,fg,dis2-307oCpy*po,blb-dis1-2 07opotcpy,dis-blb2-307ocpytpo,dis-blb1-2"70 potcpy,blb-disl^opo+cpy.disno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulph0.5 07opo,dis-blbno visible sulph0.5-1 o/ocp.dis-blbno visible sulphno visible sulphno visible sulphno visible sulphcp+py-tr.ffno visible sulph

no visible sulphno visible sulphno visible sulphno visible sulphcp-tr,discp-tr,disno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulph

Au ppb

109852

5872849572402933*2

^4

3110155

22925

2824714761414121319810331216149^51225810323

Pt ppb

975^^8010569197154392881861010*5

9*5

1417^^*5

3366

*S*S

9109141361215*5

7^5

^5^9131512176

28^^5

Pd ppb11155165

2061911021871669264^244810^8^1115*4

^^8787

*4

^115^*4

107*4

37^7*4*4

86^57645

311477

Cu ppm

6415

9747

108508521128524

8220926505132627223429511413345

21839

734914

21275943406

364629153324768334731119

3110312169301142

Ni ppm

3222198525

2195106669261041636835953893538385250443840315725

209376942133343524736565542372140292921593952497722163272229


Sample*

982569825798258982599826098261982629826398264982659826698267982689826998270982719827298273982749827598276982779827898279982809828198282982839828498285982869828798288982899829098291982929829398294982959829698297982989829998300

Grid coo Easting

149614971495150416001597156715581374126312281205120111991199120112031191119512001209119911971197114911501150114811511150114911581097110011151101110111001103110310961097105010501050

rdinates Northing

6524-4

-62

280307

-4-3

-12

11

235252285327497

-203-238-276-346-380-437-497-502-515-486-425-337-299-272-221-174-172-215.252-329-341-393-451-455-518-566-490-462-390

inEasting

450564450560450566450588450668450663450637450531450448450337450307450276450275450274450274450266450286450281450282450287450305450294450296450297450252450251450249450237450252450244450235450247450180450187450197450180450186450190450185450189450188450191450142450140450141

M Northing

513512051350805135051513499651353235135350513505051350525135043513505451350495135281513529551353245135361513552351348655134834513479951347425134707513464951346225134596513452051345475134613513471151347455134768513481051348625134880513483251347845134724513471451346665134607513461051345505134512513460351346365134693

Rock Type

SEDGABGABGABGABGABGABGABGABS ED/GAB?SEDGABGABGABGABGABGABGABSEDGABGABGAB (DIKE?)GAB (DIKE?)GABGABGABGABGABGABSEDGABSEDSED (GAB?)GABSEDGAB (SED?)GABGAB (DIKE?)MV/GABGABGABGABGABGAB-LGABGAB

Texture ; Alteration

bd.bio+ser-sfolmass-folmass-fol,chl-smassmassmassmassmass.chl-w/mbd-fol.ser+bio-m/smass.sil+qtz-vnmass,chl-nVsmass.chl-m/smass,chl-nVsmass.chl-m/smass-folqtz-vnchl+bio-mser+bio-smass-folmass-folmass,mag-smass,mag-smass-folmass.chl-m/sfol-mass,chl-smassfolfolfol.chl+ser-m/smass

massmass

mass.sil-m/smass,sil-mmass,mag-smass-fol, chl-mmassmas-fol,chl-s,bio-mmass,chl-s,bio-mmass-fol, chl-smass-folsil?-m,p

Grain Size

fgfgfg-mgfg-mgmgmgfg-mgmgmgfg-mgfg-mgmgmgmgmgmgfg-mgfg-mgmgmgmgmgmgfg-mgmgfg-mgmgmgmgfg-mgmgfgfg-mgfg-mgfgfgmgmgvfg-fgmgfg-mgmg-cgmgmg-cgmg

Structure

bd/fol 073/-85folmass-folmass-fol

bd-fol

mass-folfol-shrd @0387-5ffolfolmass-folmass-fol

mass-fol

fol-mass

folfolfol

fol-bd

bd @ 055/-71

mass-fol

mass-fol

mass-folmass-folfol

Mag. Sus.

0.260.49

0.420.42

0.46

0.440.540.160.47

0.480.580.430.350.220.410.44

27.0024.40

0.470.580.420.440.540.330.260.350.150.170.410.250.270.49

24.500.580.380.41

0.450.230.48

Sulphides

no visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphpo+cp-trno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphpy/cp-trno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphcp-tr.dis+ffno visible sulphno visible sulphno visible sulphno visible sulphno visible sulph

no visible sulph1 07opo-dis,cp-tr,disno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphno visible sulphcp-tr,disno visible sulph

Au ppb

951010749

2559

122581271033105

261091091097105653101279322524582

Pt ppb

^^1296^*5

108

11^^1281212^106*5

1214^*S

1238106

368^5^11*5*5

^6*5*5

79181221*5

Pd ppb

M^146665

2010325^5*4

65^107^9

26*4

^6

2959

611357*4

56*4

410M^11^111011^

Cu ppm

2131621546298086448910199

3319397

7311324360441698

273

243135692250616

153505947427208618

Ni ppm

383934714331363265581564666465248572506886293967757132691002848505323337611045213465711085647

APPENDIX 2: HYMAN PROPERTY- ASSAY CERTIFICATES

Laboratoire Expert Inc *** Certificate of analysis *127, Boulevard Industrie!Rouvn-Noranda, ^^,......nr IQX ftp?

'** Date : 2003/08/15

Page : 1 of 8

Tel.: (819) 762-7100 Fax : (819) 762-7510

Client :

Addressee :

Desienation45051-150524505.14505445055450564505745058450594506045061450624506345064450654506645067450684506945070450714507245073450744507545076

Mustang Minerals Corporation

Ken Lapierre Folder : 434135 IE, Kelly Lake Road Your order number :

Unit 8 Project : Hyman

SudburyOntario T-l (7ns) s:n.iO7n

Canada P3E 5P5 Fax.: (705)523-1194 Number of samples: 99

Au Au-Dup Pt Pt-Dup PdFA-GEO FA-GEO FA-GEO FA-GEO FA-GEO

ppb ppb ppb ppb ppb22554

6 <5 <'i

9 <5 <1

<2 <5 c4

7 7 <4

11 5

j 20 19

..5 5

S 12 5

12 10 8 8 *4

3 11 <^

9 10 4

4 2 12 8

3 10 <4

398

3 <5 <4

7 ^ <4

<2 c5 c4

5 <5 <4

7 ^ <4

<2 11 10

7 5 13 12 7

5 23 12

^ 15 9

^ 13 6

3 9 c4

c2 9 8

Pd-Dup Cu Cu-Dup NiFA-GEO AAT-7 AAT-7 AAT-7

ppb ppm ppm ppm42 22

58 3932 53

34 40

20 46

41 63

4 81

25 21

45 75

*4 6 6 63

39 79

65 67

27 36

25 56

38 39

29 41

14 45

33 21

38 56

10 42

73 26

6 34 33 48

17 43

21 45

20 63

16 61

25 55

r̂oc l :mders. Manager

Laboratoire Expert Inc127, Boulevard Industrie!Rouyn-Noranda, QC, J9X 6P2Tel.: (819) 762-7100 Fax,: (819) 762-7510

*** Certificate of analysis ***

Designation450774507845079

4508045081

45082 450N.1

4508445085

4508645087

45088

45089

45090

45091

45092

45093

45094

45095

450964509745098

45099451004510145102

AuFA-GEO

ppb2

2

9

10

10

96

71

91

l 32

52

2

3

5

15

S

3

3

3

921

38 46 465

Au-DupFA-GEO

ppb2

PtFA-GEO

ppb5

12

16

18

22

138

191

79

130

10

10

11

10

13

12

11 <5

7

2930

42

67

Pt-Dup

FA-GEOppb

5

PdFA-GEO

ppb4

Pd-DupFA-GEO

ppb4

23

17

29

28

134

187

127

129

10

c4

67

9

<4

I

5

4

e6

5

5II

55 64

85 78

Date

Page

2003/08/15

2 of 8

Client :

Addressee :


Ken Lapierre135 IE, Kelly Lake Road

Units Sudbury Ontario Tel.: (705) 523-8220 Canada P3E 5P5 Fax.: (705)523-1194

Folder : 434 Your order number : Project : Hyman

Number of samples: 99

Cu AAT-7

ppm2

30

139

245

78

204

1406

754

9500

72

69

17

95

5

71

21

40

22

13

44

25

53

389

421

898

1356

50

Cu-DupAAT-7

ppm2

746

43

NiAAT-7

ppm2

28

61

360

126110

834

744

198

42

24

240

30

53

65

54

63

66

67

5919

39172

346

383

304

39

l .anders. Manager

Laboratoire Expert Inc *** Certificate of analysis ***127, Boulevard Industrie]

Or J9X6P2

Date : 2003/08/15

Page : 3 of 8

Tel : (819) 762-7100 Fax.: (819) 762-7510

Client :

Addressee :


Ken Lapierre Folder : 4341 35 1 E, Kelly Lake Road Your order number :

Unit 8 Project : HymanSudbury

Ontario Tel - ( *) m-*r?n


Au Au-Dup Pt Pt-Dup Pd Pd-Dup Cu Cu-Dup NiFA-GEO FA-GEO FA-GEO FA-GEO FA-GEO FA-GEO AAT-7 AAT-7 AAT-7

4510345104451054510645107451084510998261982629826398264982659826698267982689826998270982719827298273982749827598276982779827898279


10 6 7

3 *S 610 9 11

9 7 15

7 9 5 c5 5

5 <5 16

2 *5 5

S 3 c5 c5 6

9 10 20

255 8 10

9 11 32

122 *5 5

5 ^ *4

8 12 5

12 8 <4

7 12 6

10 12 5

3 ^ c43 10 10

7 12 6 ^ 8

5 *5 <4

26 12 910 14 26

9 <5 <4

10 c5 *4

9 12 6

i


67 3047 23

6 32

41 22

5 5 S 18

97 85

47 25

4 28 30 32

80 36

86 3244 65

89 58

10 15

19 64

9 66

33 64

19 65

39 24

7 85

5 73 73 7311 50

32 68

43 8660 2944 39

16 67

rfToe Landers, Manager

Laboratoire Expert Inc *** Certificate of analysis *127, BoulevardRouvn-Noranda, ,

Industrie!OT IQX 6P2

** Date : 2003/08/15

Page : 4 of 8

Tel.: (819) 762-7100 Fax.: (819) 762-7510

Client :

Addressee :

Designation 98280982819828298283982849828S98286982879828S982899829098291982929829398294982959829698297982989829998300


Ken Lapierre Folder : 4341 35 1 E, Kelly Lake Road Your order number :

Unit 8 Project : Hyman

SudburyOntario TVI - (?ns) s-n.877n




10 38 29

9 10 5

769

10 36 61

5 8 13

5 7 *5 <S <4

557

3 *5 c4

10 11 5

12 <5 6

7 *5 c4

9 *5 4

3 6 10

2 ^ <4

2 ^ <4

5 7 11

2 9 <<^

3 S 18 17 11

5 12 10

8 21 11

2 c5 c4

Pd-Dup Cu Cu-Dup NiFA-GEO AAT-7 AAT-7 AAT-7


9 758 71

27 32

3 69

243 100

5 14 12 29

56 48

9 50

22 53

50 23

6 33

16 76

153 110

50 45

59 21

47 34

4 65

11 27 27 72

20 108

86 56

18 47

oe I .anders, Manager

Laboratoire Expert Inc127, Boulevard Industrie!Rouvn-Noranda, QC. J9X 6P2Tel: (819) 762-7100 Fax.: (819) 762-7510

*** Certificate of analysis *** Date

Page

2003/08/15

5 of 8

Client :

Addressee :


Ken Lapierre1351E, Kelly Lake Road

Units

Sudbury Ontario

Canada P3E 5P5Tel.: (705)523-8220 Fax.: (705)523-1194



Ni-DupAAT-7

ppm2

Designation45051

45052

45053

45054

45055

4505645057

45058

45059

45060

45061

45062

45063

45064

45065

45066

45067

45068

45069

45070

45071

45072

45073

45074

45075

45076

66

49

I,anders. Manager

Laboratoire Expert Inc127, Boulevard IndustrielRouyn-Noranda, QC, J9X 6P2Tel.: (g 19) 762-7100 Fax : (819) 762-7510


Page

2003/08/15

6 of 8

Client :

Addressee :



Unit 8 Sudbury Ontario Tel.: (705) 523-8220

Canada P3E 5P5 Fax.: (705)523-1194



Ni-DupAAT-7

ppm2

Designation45077

4507845079

45080

45081

4508245083

4508445085

45086

45087

45088

45089

45090

45091

45092

45093

45094

45095

45096

45097

45098

45099

45100

45101

45102

57

be Landers, Manager

Laboratoire Expert Inc127, Boulevard Industrie!Rouyn-Noranda, OC, J9X 6P2Tel.: (819) 762-7100 Fax.: (819) 762-7510

*** Certificate of analysis *** Date :

Page :

2003/08/15

7 of 8

Client :

Addressee :


Ken Lapierre1351E, Kelly Lake Road


Canada P3E 5P5 Fax.: (705)523-1194



Ni-DupAAT-7

ppm2

Designation45103

45104

45105

45106

45107

45108

45109

98261

98262

98263

98264

98265

98266

98267

98268

98269

98270

98271

98272

98273

98274

98275

98276

98277

98278

98279

70

oc I.imders, Manager

Laboratoire Expert Inc127, Boulevard IndustrielRouyn-Noranda, QC. J9X 6P2Tel:(819)762-7100 Fax : (819) 762-7510


Page

2003/08/15

8 of 8

Client :

Addressee :




Canada P3E5P5 Fax.: (705)523-1194



Ni-DupAAT-7ppm

2Designation98280

9828198282

9828398284

9828598286

9828798288

98289

98290

98291

98292

98293

98294

98295

98296

98297

9829898299

98300

70

.anders, Manager

Laboratoire Expert Inc /-"l127, Boulevard Industrie!^ , -s Rouvn-Noranda,OpeJ9X6P2 ^-""^ Tel.: (819) 762-^00 Fax : (819) 762-7510


Page :

2003/08/15

1 of 4

Client : JML Resources Ltd. /^.^^V t-~^-\ f-\,(^.i 0^1*-Addressee : \Ken Lapierre

IJSnTKelly Lake Road

UnitsSudburyOntario Tel.: (705) 523-8220

Canada P3E 5P5 Fax.: (705)523-1194

Au Au-DupFA-GEO FA-GEO

ppb ppb2 2

98219 29 3398220 1098221 1598222 598223 2298224 998225 298226 598227 2898228 2498229 798230 1498231 8 598232 698233 1498234 1498235 1298236 1398237 1998238 898239 1098240 398241 398242 1298243 17 1498244 14

-v-Vi-

Folder : 397Your order number :Project : Hyman


Pt Pt-Dup Pd Pd-Dup CuFA-GEO FA-GEO FA-GEO FA-GEO AAT-7

ppb ppb ppb ppb ppm55442

<5 c5 e4 <4 29

9 8 51

<S c4 14

14 11 13

17 15 34

*5 ft 5

c5 <4 218

<S c4 39

33 87 734

6 8 91

674

^5 ^ 21

^ ^ ^ ^ 28

9 11 59

10 5 43

9 c4 40

14 c4 6

13 10 36

6 7 46

12 c4 29

15 37 153

c5 c4 32

7 7 47

<5 s 4 68

<5 <S <4 ^ 34

5 8 47

Cu-Dup NiAAT-7 AAT-7

ppm ppm2 2

29 50

50

44

38

40

31

57

25

209

37

69

42

26 14

33

43

52

47

36

56

55

42

37

21

40

32 30

29

Landers, Manager

Laboratoire Expert Inc127, Boulevard IndustrielRouyn-Noranda, QC, J9X 6P2Tel : (819) 762-7100 Fax.: (819) 762-7510


Page

2003/08/15

2 of 4

Client :

Addressee :

JML Resources Ltd.



Canada P3E 5P5 Fax.: (705)523-1194



AuFA-GEO

ppb2

Designation982459824698247

98248

9824998250

982519825298253

98254982559825698257982589825998260

9

^

5

12

2

5

8

10

3

2

3

9

5

10

10

7

Au-DupFA-GEO

ppb2

PtFA-GEO

ppb5

<5

9

13

15

12

17

6

28

f5

12

96

Pt-DupFA-GEO

ppb5

PdFA-GEO

ppb4

Pd-DupFA-GEO

ppb4

57

6

4

5

31

14

7

7

14

66

6

Cu AAT-7ppm

2

31

11

9

31

10

31

21

69

30

11

41

21

31

62

15

46

Cu-DupAAT-7

ppm2

42

NiAAT-7

ppm2

21

59

39

52

49

77

22

163

27

22

28

38

39

34

71

43

oe Landers, Manager

Laboratoire Expert Inc127. Boulevard Industrie!Rouvn-Noranda, QC, J9X 6P2Tel.: (819) 762-7100 Fax.: (g 19) 762-7510


Page

2003/08/15

3 of 4

Client :

Addressee :

J M L Resources Ltd.


Units Sudbury Ontario Tel.: (705) 523-8220 Canada P3E 5P5 Fax.: (705)523-1194



Ni-DupAAT-7

ppm2

Designation98219

9822098221

98222

98223

98224

9822598226

9822798228

98229

98230

98231

98232

9823398234

98235

98236

98237

98238

98239

98240

9824198242

9824398244

53

12

28

oe Landers, Manager

Laboratoire Expert Inc127, Boulevard Industrie!Rouyn-Noranda, QC, J9X 6P2Tel.: (819) 762-7100 Fax.: (819) 762-7510


Page

2003/08/15

4 of 4

Client :

Addressee :

JML Resources Ltd.


Unit8 Sudbury Ontario Tel.: (705) 523-8220 Canada P3E 5P5 Fax.: (705)523-1194



Ni-DupAAT-7

ppm2

Designation98245

98246

98247

98248

98249

98250

98251982529825398254

98255

98256

98257

98258

98259

98260

30

anders, Manager

Laboratoire Expert Inc *** Certificate of analysis *127, Boulevard Industrie!Rnuyn-Nnranrl a fir I9X6P2

** Date : 2003/09/05

Page : 1 of 1

Tel.: (819) 762-7100 Fax.: (819) 762-7510

Client :

Addressee :

Designation451 10

45111

4511245113

451144511545116

Designation45110

45111

4511 2

45113

45114

45115

45116


Ken Lapierre Folder : 4731351E, Kelly Lake Road Your order number :Units Project : HymanSudburyOntario ivi - (7(K) oijmn




66 70 83 76 212

72 105 19184 69 102

95 197 187

72 154 166

40 39 92

29 28 64

Cu Cu-Dup

AAT-8 AAT-8"/o "/o

.01 .01

1.110 1.060

Pd-Dup Cu Ni Ni-DupFA-GEO AAT-7 AAT-7 AAT-7


199 ---------. ..rjL 2210 2180

852 1066

1128 692524 610

8220 416926 368

505 359

c Landers, Manager

Laboratoire Expert Inc127, Boulevard IndustrielRouyn-Noranda, QC, J9X 6P2Tel.: (819) 762-7100 Fax : (819). 762-7510


Page :

2003/09/05

1 of 1

Client :

Addressee :



UnitSSudbury Ontario

CanadaTel.: (705) 523-8220

P3E5P5 Fax.: (705)523-1194

Au Au-Dup FA-GEO FA-GEO

Designation 4511745118

4511945120

45121

ppb ppb2 2

3 ^3

*2

*2

4

Folder :Your order number :Project :

Number of samples:

Pt Pt-Dup FA-GEO FA-GEO

ppb ppb S 5

a 918

e10

10

500

Hyman

S

Pd Pd-Dup Cu FA-GEO FA-GEO AAT-7

ppb ppb ppm442

*4 c4 13

24 26

4 27

8 22

10 34

Cu-Dup Ni AAT-7 AAT-7ppm ppm

2 2

13 54

89

3538

38

Designation45117

45118

45119

45120

45121

Ni-DupAAT-7ppm

2

52

anders, Manager

APPENDIX 3: FIELD CREW

Peter Wood, Geologist

Joerg Kleinboeck, Geologist

Clayton Kennedy, Geological Assistant

ONTAJRIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES

Transaction No:

Recording Date:

Approval Date:

Client(s):

303682

Survey Type(s):

W0470.01059

2004-JUL-02

2004-JUL-08

Work Report Summary

Status: APPROVED

Work Done from: 2003-JUL-14

to: 2003-AUG-14

DAN PATRIE EXPLORATION LTD.

ASSAY GEOL

Work Report Details:

Claim* Perform

S

S

S

1218042 323,002

1229597 32,717

1229698 51,992

327,711

External Credits:

Perform Approve

323

52

51

527

30

,002

,717

,992

,711

Applied

SO

SO

so

so

Applied Approve

SO

soso

50

Assign

50

50

50

50

Assign Approve Reserve

0 523,002

0 52,717

0 51,992

SO S27.711

Reserve Approve

523,002

52,717

31,992

527,711

Due Date

2006-NOV-02

2006-JUN-25

2006-MAY-05

Reserve:

527,711

527,711

Reserve of Work Report*: W0470.01059

Total Remaining

Status of claim is based on information currently on record.

41I05SE2022 2.28034 HYMAN 900

2004-Jul-19 13:53 ARMSTRONG Page 1 of 1

Ministry ofNorthern Developmentand Mines

Date: 2004-JUL-08

Ministere duDeveloppement du Nord et des Mines Ontario

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

DAN PATRIE EXPLORATION LTD. 190, HWY17WEST MASSEY, ONTARIO POP1PO CANADA

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

Dear Sir or Madam

Submission Number: 2.28034 Transaction Number(s): W0470.01059

Subject: Approval of Assessment Work

We have approved your Assessment Work Submission with the above noted Transaction Number(s). The attached Work Report Summary indicates the results of the approval.

At the discretion of the Ministry, the assessment work performed on the mining lands noted in this work report may be subject to inspection and/or investigation at any time.

If you have any question regarding this correspondence, please contact BRUCE GATES by email at [email protected] or by phone at (705) 670-5856.

Yours Sincerely,

Ron.C. Gashinski

Senior Manager, Mining Lands Section

Cc: Resident Geologist

Dan Patrie Exploration Ltd. (Claim Holder)

Assessment File Library

Dan Patrie Exploration Ltd. (Assessment Office)

Visit our website at http://www.gov.on.ca/MNDM/LANDS/mlsmnpge.htm Page: 1 Correspondence 10:19620

CANADAMining Land Tenure

Map

UI COH

too o

446000E 447000E 446000E 449000E 4SOOOOE 4510006 4520006 453000E 455000E 4S6000E 4S7000E

51390OTH

613600CN 513BOOON

6137000N

6136000N

Tnoae wbWnu to Mite MW*J CIOHTD ihwiHf somuH *1Hi Itro PruHtic**! Mining I*KSJII*"MB' OHtco ol (IwlMMHiivM TW* m*}* K rut w*!fy)T'3 fWMvlfl'itteiwi, Mirwy of lurw IHIB soKifirtnmicm imnxwjs fl-i ilw lomrimiion rfw*si ew BifWrtwHon my olvo is *(,Winw) Ihwwjh Un tucil Land TAteo or Souhhf Odiio.o* Ih* Mlnbtiy ol Noluralftatoi

a NiTOi tc* **!iitafyi wh.Tn*Bon eat ttw Mituii o* Ilw itrWs ilKivm (wwnnGeneral Information and Limitations

TWs mip nwy rt* i

Craiw. Abo cwtflin Mm (unuw attn Iin4 UIHM that nMtflet w flroWbM twra wir; iimlata Tuning t la Irm m

Date l Time of Issue: TUB Jul 20 09:49:42 EOT 2004

TOWNSHIP l AREA PLAN NAIRN 6-2976

ADMINISTRATIVE DISTRICTS l DIVISIONS

Mining Division SudburyLand Titles/Registry Division SUDBURYMinistry of Natural Resources District SUDBURY

TOPOGRAPHIC land Tenure

tt)f"""! L*J

U'j B BW*IW|

jijfj LWWUW^VHW

((ME l ^"'0* *' s''ii*'Ci) Mat up*fl *ui w

EI "**"'"" 1

LAND TENURE WITHDRAWALS

j *(*OT WiHtdiwn ham W-mwJWn

OrAr H CuiJiiiJt H*#*f(Hsl Type t W 'tan **itat* AIM WHUI K u^ji W(N*a*ri W 't **t.5s WnnaiJ-tii limits

IMPORTANT NOTICES

LAND TENURE WITHDRAWAL DESCRIPTIONS

An I-BWK fEMWNOS (t Q, *PPUC*TlONUMPEn PUOLIC L*HDO ACTMn l.avM O- C, fe1'45M.RO. BHOJint.UmM W, P, L. A NCi 1 10, FILE K314 tLWP'ClJ RtSHTS WITMClffAWN

W.I44 Wi MX/10, IWtH

w, as us w D li. i (is sPw*f *fk *Vwn Out 2ft 2401W-u-PieB'01 wwn AU jW, Ji(KitW.LL-PlttaMW W-im Ua^ H, I1MW

UW-lL-P1*U'Ot ONT WLV 2^01 MtK

2.28034ASSAYGEOL

Lake

98271A GAB S

Lake

98231

GAB niople,98252

GAB86253

1218042

.--GABSteep l GAB

--TXGAR,

98257GAB....X-/-IGAB

no o/c \poplal maolexGAB

I o/c f

s s

S balsam, poplar, spruce

GAB pine, I balsam

GAB

GABGAB

Hyman TwpNairn

L8E -:;

GABDIA G)1229698

1229597

LEGEND

Olivine Diabase Dike

Gabbro (Nipissing)

Pyroxenite (Nipissing)

Sediment Greywacke, Argillite (Huonian)

ABBREVIATIONS

BXA Gpeg SX

cpymtpopy

brecciageophysically inferred pegmatitic sulphides

chalcopyrite magnetite pyrrhotite pyrite

SYMBOLS

: X

65"

.57164

Outcrop, outcrop area; small outcrop

Foliation

Contact (defined, inferred)

Fault (geophysically inferred)

Sample Location and number

Sulphide/Mineral ocurrence

Claim post (located, inferred)

Claim line

Swamp

Pond with Beaver dam

Road

Trail

Creek

HYMAN PROPERTY

MAPI:BEDROCK GEOLOGY

AND SAMPLE LOCATIONS

Drawn.GMSI

Date;Jan., 2004

Mopped: JK PCW

Revised:May. 2004

Province.Ontario

Scale:1-2,500

NTS:41-1/05

Drawing.Hyman Geol

O 50 1UO 150 200m

Agnew

LakeAgnew

1218042300N/

GAB

GABGAB

GAB

J 400STVHyman Twp.

Nairn Twp

GABDIA G)

229597

22969841I05SE2022 2.28034 HYMAN

LEGEND


Gabbro (Nipissing)


Sediment Greywacke,r~Argillite (Huonian)

ABBREVIATIONS

BXAGSX

cpymtpopy

brecciageophysically inferred sulphides


SYMBOLS

: X

65'

D


Foliation





Claim line

Swamp


Road

Trail

Creek

Cu + Ni ASSAYS

Combined Cu+Ni (ppm)

>10,000 ppm

^000- 10,000 ppm

Q >1000-5000 ppm

Q ^00-1000 ppm

O > 100-500 ppm

0-100 ppm

(MHYMAN PROPERTY

MAP 2:

Cu+Ni Assay Bubble Plot

Drawn:GMSI

Date:Jan., 2004

Mapped:JK St PCW

Revised:May. 2004

ProvinceOntario

Scale:1:2.500

NTS41-1/05

Drawing:

O 50 100 150 200m

Agnew

Agnew Lake

Lake

1218042 GAB

GAB

GAB

GAB

GAB

GAB

Hyman TwpNarn Twp

GABDIA G)

229597

22969841I05SB2022 2.28034 HYMAN

LEGEND


Gabbro (Nipissing)


Sediment ^ Greywacke, Argillite (Huonian)

ABBREVIATIONS

BXAGSX

cpymtpopy

brecciageophysically inferred sulphides


SYMBOLS

: X

65'

D


Foliation





Claim line

Swamp


Road

Trail

Creek

Cu + Ni ASSAYS

Combined Cu + Ni (ppm)

^500 ppb

> 1000-1500 ppb

^00-1000 ppb

> 100-500 ppb

>50-100 ppb

0-50 ppb

HYMAN PROPERTY

MAP 3:

PGM Assay Bubble Plot

DrawnGMSI

Date:Jan., 2004

Mapped.JK PCW

RevisedMay, 2004

Province:Ontario

Scale:1:2.500

NT;41-1/05

Drawing:Hyman.PGM

uu 150 200m

2003 summer mapping program on the hyman property hyman …

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