assessment report on the regcourt gold property...

Assessment Report on the Regcourt Gold Property

Val-d’Or, Québec NTS 32C/03

Prepared for:

MRB & Associates John Langton, M.Sc., P.Geo. 2100-1748 chemin Sullivan Val-d’Or, QC, J9P 7H1 May 27th, 2013

Assessment Report 2013 – Regcourt Property 2

TABLE OF CONTENTS

1. EXECUTIVE SUMMARY ........................................................................................... 3 2. INTRODUCTION AND TERMS OF REFERENCE ............................................................ 6 3. PROPERTY LOCATION, DESCRIPTION AND ACCESSIBILITY ......................................... 7 4. PREVIOUS WORK ............................................................................................... 10

4.1. Compilation of Historic Diamond Drill-hole Data ................................................ 10 4.2. Recent Diamond Drilling ................................................................................ 11

5. GEOLOGY AND MINERALIZATION.......................................................................... 14 5.1. Mineralization ............................................................................................... 17 5.2. Structure ..................................................................................................... 14

6. CURRENT WORK ................................................................................................. 17 6.1. Quality Assurance / Quality Control procedures ................................................. 22

7. DISCUSSION OF RESULTS ................................................................................... 23 8. CONCLUSIONS AND RECOMMENDATIONS .............................................................. 24

8.1. Conclusions ................................................................................................. 24 8.2. Recommendations ........................................................................................ 24

9. REFERENCES ..................................................................................................... 26 CERTIFICATE OF QUALIFICATION ............................................................................. 27 LIST OF FIGURES Figure 1: Regional location map of Regcourt Property ..................................................... 8 Figure 2: Regcourt Claim Map ..................................................................................... 9 Figure 3: Simplified geological map of the Regcourt Mine area ....................................... 15 Figure 4: Relationships of local geological and structural features ................................... 16 Figure 5: Location of recent drill-holes on the Regcourt Property .................................... 21 LIST OF TABLES Table 1: Selected “best” intervals from 2012 drilling at the Regcourt Property. ................... 5 Table 2: Summary of 2010 Drill-Holes – Regcourt Property ........................................... 11 Table 3: Summary of Selected 2010 Best Results ......................................................... 12 Table 4: Summary of 2011 Drill-Holes – Regcourt Property ........................................... 13 Table 5: Summary of Selected 2011 Best Results ......................................................... 13 Table 6: Summary of 2012 Drill-Holes – Regcourt Property ........................................... 20 Table 7: Summary of Selected 2012 Best Results ......................................................... 20 LIST OF APPENDIX APPENDIX I: Summary of Current Claim Information - Regcourt Property APPENDIX II: Regcourt Deposit Compilation Map (Map 1) APPENDIX III: Longitudinal Sections Along Principal Veins APPENDIX IV: 2012 Diamond-Drill Logs APPENDIX V: Drill-hole Sections APPENDIX VI: Assay Certificates


1. EXECUTIVE SUMMARY This report has been prepared by John Langton, M.Sc., P.Geo. (the “Author”) of MRB & Associates (“MRB”) at the request of Jean-Marc Lacoste, President and Chief Executive Officer of Monarques Resources Inc. (“Monarques”, or the “Company”) to report on the preliminary results of the 2012 diamond-drilling campaign completed by Galahad Metals Inc. (“Galahad”) on the Regcourt property (the “Property”), and to summarize the results of earlier diamond-drilling campaigns on the Property, also carried out by Galahad, from whom the Property was recently acquired. The purpose of this report is to compile the information about the diamond-drilling campaign that took place in 2012 and to apply the exploration work credits from the drilling programme in order to maintain the Property in good standing with respect to Quebec Provincial Government mining and exploration regulations. This report draws on a digital geological compilation, carried out by MRB & Associates of Val-d’Or (QC), of recent and historic work related to the Regcourt Property. Monarques acquired the Regcourt Property in May 2013 from Galahad Metals Inc. (see Monarques Press Release dated May 7, 2013). The current Property covers parts of Vauquelin and Louvicourt townships, Québec (NTS 32C/03). Galahad Metals Inc. acquired the mineral concession surrounding the original Regcourt Gold Mines Ltd. property (Concession Minérale 361), in the summer of 2009 and subsequently secured additional nearby claims to solidify its holdings in the area. Monarques has acquired a 100% interest in Property from Galahad, and has also purchased the outstanding 2% NSR (Net Smelter Return) that existed on the Property as per Galahad’s previous agreement. The Regcourt Property comprises 89 claims and covers 2620.23 hectares (26.20 km2) in the eastern part of the Abitibi Greenstone Belt, 30 km east of Val-d’Or, Quebec. The Property straddles the Vauquelin and Louvicourt townships boundary and encloses the historic Regcourt Mine (UTM 324600 E - 5329550 N, NAD83 Zone18), which was in operation in the mid-1940’s. The Regcourt Mine deposit was discovered in 1944. During initial exploration, an area of outcrop in the vicinity of the granodiorite stock was stripped, exposing the principle vein, which yielded an average gold grade of 8.13 gpt (grams per tonne) with an average width of 0.76 m over a strike length of 67 m. Underground development was carried out in 1946-47 and comprised a 544 foot shaft and 1317 feet of cross-cuts and drifts. Access to the central part of the Property is facilitated via a tertiary road leading 300 metres east from Provincial Highway 113. The Regcourt Property hosts an Archean, gold-bearing, fault-fill and extensional quartz-tourmaline-pyrite vein system, that cross-cuts a small (200 m x 400 m) granodiorite intrusion. A shear zone that transects the granodiorite intrusion is documented in several historic holes and the underground workings, and likely continues into the surrounding country rock. The style of deformation and mineralization at the historic Regcourt Mine deposit is consistent with other gold deposits in the Val-d’Or gold mining camp, one of the world’s most prolific gold mining districts. The deposit contains a historic mineral inventory, in the vicinity of the shaft, of 61,000 tonnes Au @ 5.49 gpt (10,766 oz.), calculated to a depth of 500 feet (Routledge, 1983). Similarities between the gold mineralization at Regcourt and that of the nearby Beaufort Mine (Richmont Mines Inc.) are recognized.


Mineralization at Regcourt appears to follow from fracturing of the relatively competent granodiorite intrusion followed by the growth of parallel and en-echelon quartz-vein systems. The veins pinch and swell, and often branch and intersect in response to localized stress fields. Auriferous veins in these types of deposits typically include: 1) moderately to steeply dipping extensional and fracture-fill veins within, and parallel to, the shear zones that cross-cut the intrusion and country rocks, and; 2) moderately dipping extensional-shear veins. At Regcourt, gold is present in sulphide minerals (mainly pyrite) and as free gold, both of which are hosted by the hydrothermal quartz-tourmaline veins and stringers associated with fractures and shear-zones within and on the periphery of the granodiorite stock. At least 6 gold-bearing quartz veins were intersected in the historic mine workings and diamond-drill holes (DDH). The veins appear to be associated with the principal shear- and tension fault-orientations interpreted in the local geology. Galahad Metals completed 27 diamond-drill holes, totalling 7,238 m, on the Property from 2010 to 2012. A total of 2410 core samples were collected and sent for analysis.

In 2010, Galahad completed a diamond-drill programme comprising 9 holes and totalling 2,341 m, to explore and validate historic intersections, as well as the projected extensions of veins and other structures, especially along their interpreted, linear, intersection zones. In 2011, another diamond-drill programme by Galahad, comprising 13 holes and totalling 3,155 m, was completed in order to extend 2 drill-holes from the 2010 campaign, to test a structural model, and to intersect projected continuations of known mineralized zones. The 2012 diamond-drill program by Galahad, comprising 5 holes and totalling 1,572 m, was designed to test the near surface and deep projected extensions of gold-bearing quartz veins previously intersected by historic and earlier Galahad drill-holes.

Of the 5 drill-holes completed in 2012, four (4) reached their objectives. Hole RG12-04 breached a drift in the historic mine workings after 168 metres of coring, and had to be abandoned. The drill-rig was repositioned by a few metres and Hole RG12-04b successfully reached its target depth.

The best intervals from the 2012 drilling are shown in Table 1. This Report draws heavily from previous reports by: Horvath and Langton, 2010 (GM65029); Bérubé, 2011 (GM 66149); and, Langton and Pacheco, 2011 (GM66152); and is being submitted to the Ministère des Ressources naturelles et de la Faune, Québec, for assessment work credits.


Table 1: Selected “best” intervals from 2012 drilling at the Regcourt Property.

Hole ID Hole Orientation

(True) Length of hole

(m)

From (m)

To (m)

Intersection (Au-gpt over interval)

Azimuth Dip

RG12-01 045º -60º 351 42.50 44.00 27.71 over 1.50 m

including 42.50 43.55 39.00 over 1.05 m

RG12-02 045º -60º 351 66.00 69.00 5.28 0ver 3.00 m

including 67.50 69.00 9.48 over 1.50 m

338.50 339.00 6.62 over 0.50 m

RG12-03 045º -60º 351 348.90 349.40 5.70 over 0.50 m

RG12-04 045º -57º 168 164.00 166.00 11.08 over 2.00 m

including 164.00 164.55 36.6 over 0.55 m

and 165.50 166.00 4.17 over 0.50 m

RG12-04B 045º -56º 351 123.50 124.00 4.01 over 0.50 m

213.00 213.60 5.28 over 0.60 m

301.50 303.85 1.43 over 2.35 m

315.00 315.80 6.09 over 0.80 m


2. INTRODUCTION AND TERMS OF REFERENCE This report (the “Report”) has been prepared by MRB & Associates (“MRB”) at the request of Jean-Marc Lacoste, President and Chief Executive Officer of Monarques Resources Inc. (“Monarques”) to compile the information about the diamond-drilling campaign that took place in 2012. The purpose of this report is to maintain the Regcourt Property (the “Property”) in good standing with respect to Quebec Provincial Government mining and exploration regulations. Monarques Resources Inc. (“Monarques”) is a public Québec-registered company trading under the symbol “MQR” on the Toronto Venture Exchange (TSX-V) with corporate offices located at: 450 Gare-du-Palais Street (1st Floor), Québec, QC Canada G1K 3X2. Monarques recently acquired the Regcourt Property from Galahad Metals Inc. (see Monarques Press Release dated May 7, 2013). The Property overlies parts of Vauquelin and Louvicourt townships, Québec (NTS 32C/03). Galahad Metals Inc. initially acquired the mineral concession surrounding the original Regcourt Gold Mines Ltd. property (Concession Minérale 361), in the summer of 2009 and subsequently secured additional nearby claims to solidify its holdings in the area. Monarques has acquired a 100% interest in the Property from Galahad, and has also purchased the outstanding 2% NSR (Net Smelter Return) that existed on the Property, as per Galahad’s previous agreement. This document reports on the results of the 2012 drilling campaign completed by Galahad on the Regcourt Property and summarizes the results of Galahad’s 2010 and 2011 diamond-drilling campaigns. In 2010, Galahad completed a diamond-drill program comprising 9 holes, totalling 2,341 metres (m), to explore and validate historic intersections and the projected extensions of veins and other structures, especially along their interpreted, linear, intersection zones. In 2011, another diamond-drill program comprising 13 holes, totalling 3,155 m, was completed by Galahad in order to extend 2 drill-holes from the 2010 campaign, to test an interpreted structural model, and to intersect known mineralized zones down-dip and along strike. The 2012 diamond-drill program by Galahad comprised 5 holes, totalling 1,572 m, and was designed to test the near surface and deep projected extensions of gold-bearing quartz veins previously intersected by historic and earlier Galahad drill-holes. This Report details the results of the 2012 drilling-campaign and includes a surface compilation map of available historic and recent geological data for the area near the Regcourt deposit; data from available drill-hole, trench and sample locations maps, geological bedrock maps, surface and underground drill sections, and underground level plans were geo-referenced and digitized.


3. PROPERTY LOCATION, DESCRIPTION AND ACCESSIBILITY The Regcourt Property is located in the eastern part of the Abitibi Greenstone Belt, 30 km east of Val-d’Or, Quebec and 330 m east of the Vauquelin and Louvicourt townships boundary (Figure 1). The Property comprises 89 claims and covers 2620.23 ha (26.20 km2) (Figure 2). A summary of the claims comprising the Regcourt Property is displayed in Appendix I. Access to the main deposit is via a dirt road leading 300 metres east from Provincial Highway 113. This road was cleared and developed prior to the 2010 drilling campaign and is still open. East of Lac Endormi, the remainder of the Property is accessible by boat across Lac Guégen from a Hunting & Fishing Lodge on a nearby Point (Figure 1). A longer access route (67 km) from the village of Senneterre (Figure 1) is also possible by truck and ATV. To the knowledge of the Author, the boundaries of the Properties have never been surveyed, and claim post locations should be carefully checked and surveyed using GPS.


Figure 1: Regional location map of Regcourt Property


Figure 2: Regcourt Claim Map


4. PREVIOUS WORK* *Note that all intervals referred to herein are core-length sections and do not represent true widths of the mineralized zones.

A compilation of available historic geological data for the area near Regcourt deposit was completed in March 2010. Using ArcGIS® (ESRI) software, historical geoscience maps submitted to the Provincial Government with Assessment Reports, were scanned and geo-referenced. Data from these maps, such as drill-hole, trench and sample locations, and geological contacts were digitized. In addition to the documents available from the Provincial archives, an assortment of private, hard-copy data and drill-core was purchased from Moneta Porcupine Mines Inc., a previous owner of the Regcourt Gold Mines Ltd. concession. These data included surface and underground drill sections, drill-hole location maps, trench maps, underground level plans, drill logs and assay results, underground sample assay results, geophysical anomaly maps from magnetic and electromagnetic surveys, and privately commissioned reference Reports. The reference Reports include a 1947 Regcourt Mines Ltd. report on underground development work, a 1980 evaluation report by M.W. Rennick for Crackingstone Mines Ltd., and a 1983 paper by R.E. Routledge for the Engineering firm of Derry, Michener, Booth and Wahl. Drill-core includes holes 1 to 39, CM-81-01 to CM-81-19, RC-90-01 and, UG-1, UG-2, UG-4, UG-5, UG-8, UG-9, UG-11 to UG-24, UG-26 to UG-40. Geological information points (GIP’s) from the Moneta dataset were incorporated into the ArcGIS project containing the Provincial data. Underground data from drill-hole logs were first transcribed manually into a comprehensive drill-hole database. These data were then integrated, along with the geo-referenced section and level plans, into a Gemcom ® (Gemcom Software International Inc.) 3-D surface and underground model of the Property.

4.1. Compilation of Historic Diamond Drill-hole Data An in-depth search was carried out to locate information regarding historic drill-hole locations and logs. The most comprehensive source of diamond drill-hole data for Quebec is the on-line Provincial digital drill hole database found at (www.mrnf.gouv.qc.ca/english/mines/geology/geology-databases.jsp). These were cross referenced with drill-holes compiled from our available data to establish identity and location accuracy. A total of 59 surface drill-holes and 35 underground drill holes were geo-referenced and entered into the database, including those referred to above. Copies of drill logs for all compiled holes were obtained from available Assessment Reports (www.mrnf.gouv.qc.ca/english/mines/geology/geology-databases.jsp), and from the purchased Moneta data. Collar, survey, lithology and assay data were transcribed into an Access ® database that was linked to the Gemcom model. A copy of the final surface compilation map (Map 1) is included as Appendix II.


4.2. Recent Diamond Drilling* Galahad Metals completed 22 diamond-drill holes, totalling 5,496 m, on the Property in 2010 and 2011.

4.2.1. Diamond-Drilling in 2010

The 2010 drilling campaign was carried out between November 8th and November 30th, 2010 and consisted of 9 diamond-drill holes, totalling 2,341 metres of NQ core. A synopsis of the 2010 drilling campaign is shown in Table 2. The drill program target structural and/or vein intersection zones. A total of 7 out of 9 drill-holes intersected their mineralized targets; one of these drill-holes (RG-10-07) reached the mineralized zone when it was extended during the 2011 drilling campaign. All the drill-holes intersected gold-mineralized zones even though they were extremely weak in drill-holes RG-10-07 and RG-10-09. A total of 840 core samples were collected and assayed for gold and copper content. Unfortunately, no significant copper mineralization was intersected in this campaign but numerous gold-mineralized zones were detected; no visible gold was detected in the cores. Selected best results are shown in Table 3.

Table 2: Summary of 2010 Drill-Holes – Regcourt Property

Hole ID Length (m) Azimuth Dip Easting * Northing * RG10-01 201 200° -60° 324576.36 5329622.55

RG10-02 249 200° -60° 324598.98 5329647.93

RG10-03 300 019° -61° 324622.88 5329673.37

RG10-04 250 200° -60° 324651.52 5329650.47

RG10-05 351 020° -55° 324501.58 5329375.91

RG10-06 297 019° -61° 324574.27 5329421.29

RG10-07 243 020° -55° 324602.26 5329374.35

RG10-08 249 020° -65° 324651.12 5329475.23

RG10-09 201 020° -65° 324726.01 5329499.62 Total: 2,341 * UTM Coordinates: NAD 83, Zone 18

A Hole-to-Hole 3D IP survey was completed by Abitibi-Géophysique in the nine (9) drill holes completed in 2010. This survey was designed to allow mapping of targets beneath the known extent of the mineralization. It was been determined that IP geophysics can’t be relied upon to accurately identify the gold-bearing, quartz vein targets on the Regcourt Property.

4.2.2. Diamond-Drilling in 2011

The 2011 drilling campaign ran from April 19th to May 19th, 2011 and consisted of 13 diamond-drill holes, totalling 3,155 metres of NQ core. A synopsis of the 2011 drilling campaign is shown in Table 4. A total of 721 core samples were collected and assayed for gold content. Selected best results are shown in Table 5.


Table 3: Summary of Selected 2010 Best Results

Hole From (m) To (m) Interval (m) Au (gpt) Sample # RG10-01 176.30 176.80 0.50 1.62 H679124

RG10-02

142.00 147.00 5.00 57.30 composite 143.00 143.50 0.50 456.00 H679093 143.50 144.60 1.10 47.20 H679094 163.50 164.00 0.50 2.66 H679147 210.00 210.50 0.50 3.13 H679102 216.00 217.00 1.00 3.49 H679107

RG10-03

225.00 226.00 1.00 4.70 H679067 237.40 238.40 1.00 3.29 H679133 288.00 288.90 0.90 131.00 H679137 295.80 297.00 1.20 2.20 H679145

RG10-04 168.00 169.00 1.00 2.29 H679246 170.00 171.00 1.00 12.00 H679248 231.50 231.90 0.40 5.61 H679162

RG10-05

13.60 14.20 0.60 1.51 H679398 16.30 17.50 1.20 6.08 H679403 222.00 223.00 1.00 1.27 H679533 326.50 326.80 0.30 10.75 H679557

RG10-06 282.90 283.20 0.30 13.04 H679209 288.80 289.50 0.70 14.45 H679216 293.50 293.80 0.30 1.69 H679221

RG10-08

107.80 108.30 0.50 45.20 H679312 115.20 115.50 0.30 0.96 H679320 181.30 182.20 0.90 1.38 H679166 183.00 183.40 0.40 1.12 H679168 191.80 192.20 0.40 4.16 H679178



Hole ID Length (m) Azimuth Dip Easting * Northing * RG10-02b 175 200° -60° 324598.98 5329647.93 RG11-01 288 200° -80° 324566.54 5329642.68 RG11-02 300 200° -52° 324651.44 5329702.47 RG11-03 389 200° -60° 324686.48 5329737.26 RG11-04 300 200° -60° 324801.5 5329589.02 RG11-05 324 200° -54° 324579.08 5329564.23 RG11-06 279 020° -60° 324672.5 5329466.52 RG11-07 270 020° -60° 324671.66 5329396.36

RG10-07b 200 020° -55° 324602.26 5329374.35 RG11-08 177 020° -60° 324532.09 5329343.46 RG11-09 201 020° -50° 324438.38 5329395.71 RG11-10 126 120° -50° 324433.06 5329562.22 RG11-11 126 200° -50° 324609.54 5329819.94

Total: 3,155 * UTM Coordinates: NAD 83, Zone 18


Hole From (m) To (m) Interval (m) Au (gpt) Sample #

RG10-02b 281.85 282.40 0.55 1.53 J353171 297.50 299.00 1.50 1.63 J353185 303.00 304.00 1.00 4.85 J353189

RG10-07b

254.15 254.75 0.60 1.50 J359907 376.45 376.80 0.35 6.33 J359952 386.00 386.45 0.45 14.55 J359960 417.00 418.00 1.00 1.62 J359968

RG11-02 197.80 201.45 3.65 0.86 composite 197.80 198.30 0.50 3.15 J353088 241.85 242.25 0.40 12.05 J353133

RG11-03 227.00 228.50 1.50 1.44 J353300 233.80 242.00 8.20 0.74 composite 322.35 322.70 0.35 1.26 J353350

RG11-05

79.70 80.00 0.30 2.42 J353373 108.00 109.20 1.20 2.31 composite 117.00 118.00 1.00 0.94 J353382 268.50 270.00 1.50 2.23 J353409

RG11-06

48.00 50.45 2.45 3.08 composite 49.80 50.45 0.65 10.50 J353484 55.65 56.00 0.35 14.60 J353491 195.75 196.40 0.65 1.49 J359776

RG11-08 40.90 42.10 1.20 39.50 J359990

RG11-09 35.00 41.00 6.00 0.77 composite 35.00 36.00 1.00 1.09 J359661 39.00 39.60 0.60 1.36 J359665


5. GEOLOGY AND MINERALIZATION The Regcourt Property overlies a tight- to isoclinal-folded succession of mainly andesite and felsic and mafic pyroclastic rocks of the Malartic Group. A relatively small (200 m x 400 m) granodiorite stock (or sill), referred to as the Regcourt Granodiorite, has intruded along an interpreted fold axis at the contact of the major volcanic units, in the western part of the Property. An interpretation of the geology around the Regcourt Granodiorite is shown in Figure 3. This area hosts the historic Regcourt Gold Mine workings and has been the focus of the majority of exploration work completed to date on the Property. The eastern part of the Property hosts a larger granodiorite intrusion, herein referred to as the East End Granodiorite (EEG). A review of available information shows that the surface extent of this body (600 m x 1500 m) is significantly larger than the Regcourt stock. Quartz-tourmaline-pyrite veins (see Appendix II - Map 1) were noted in historic reports describing trenching and diamond-drilling exploration programmes around the EEG. No significant gold concentrations were obtained; however, only a small suite of results are available. The Regcourt Mine deposit was discovered in 1944. During initial exploration, an area of outcrop in the vicinity of the Regcourt Granodiorite was stripped, exposing the principle vein, which yielded an average gold grade of 8.13 gpt with an average width of 0.76 m over a strike length of 67 m. Underground development was carried out in 1946-47 and comprised a 544 foot (166 m) shaft and 1317 feet (400 m) of cross-cuts and drifts. According to Routledge (1983), the Regcourt Mine contains a historic mineral inventory of 61,000 tonnes Au @ 5.49 gpt (10,766 oz.), calculated to a depth of 500 feet. At least 6 gold-bearing veins were intersected by the historic mine workings and drilling. A review of the available data indicates that the style of deformation and mineralization at the historic Regcourt Mine deposit is consistent with other gold deposits in the Val-d’Or gold mining camp, namely an Archean, gold-bearing, fault-fill and extensional quartz-tourmaline-pyrite vein system, associated with high-strain zones in close proximity to an mafic to intermediate intrusion.

5.1. Structure The near east-west (080º) fold hinges are interpreted from the symmetry of the major volcanic contacts, and are spaced approximately 200 m apart. The central fold axis coincides with a major, parallel-striking shear-zone, documented in several historic drill-hole logs and notes on the underground workings. The rock units dips are predominantly sub-vertical. Diorite dykes are numerous and are sub-parallel to the axial-planar foliation. Syenite dykes appear to intrude along an interpreted, axial-planar parallel structure, located along the southern contact of the Regcourt Granodiorite, and are also associated with a north-east trending conjugate structure along the northwest contact of the intrusion. In addition to these structures, quartz-tourmaline-sulphide gold veins occur along 4 separate structures. Figure 4 shows the structural interpretation and relationship to the various geological features modelled, as well as the orientation of principal gold-bearing veins.


Figure 3: Simplified geological map of the Regcourt Mine area (see Map 1 for location)


Figure 4: Relationships of local geological and structural features with principal gold bearing veins (see Map 1 for location)


5.2. Mineralization Gold is present in sulphide minerals (mainly pyrite) and as free gold, both of which are hosted by hydrothermal quartz-tourmaline veins and stringers associated with fractures and shear-zones, within and on the periphery of the Regcourt Granodiorite, that appear to be associated with the principal shear and tension faults interpreted in the local geology. As recent exploration has advanced, similarities between the gold mineralization at Regcourt and that of the nearby Beaufort Mine (Richmont Mines Inc.) have been recognized. Beaufort-type mineralization is the result of fracturing of the relatively competent granodiorite intrusion followed by the growth of parallel or en-echelon vein systems. Progressive deformation causes dilation, and repeated reopening results in “crack and seal” veins, often with bands of tourmaline that form with successive infillings. The veins pinch and swell, and often branch and intersect in response to localized stress fields. The auriferous veins in these types of deposits typically include: 1) moderately to steeply dipping extensional and fracture-fill veins within, and parallel to, the shear zones that cross-cut the intrusion and country rocks; 2) moderately dipping extensional-shear veins. The main shear zone that transects the granodiorite intrusion is documented in several historic holes and the underground workings, and likely continues into the surrounding country rock. Two families of veins are evident at Regcourt: 1) shear-style fault-fill veins, and; 2) tension-style (“flat”) extensional veins (refer to Figures). Due to their narrow widths, the veins were modelled, and are shown, as surfaces, rather than volumes.

Shear-style veins Six principal shear-veins (#1 through #6) and two parallel tension-veins (T1 and T2) have been identified (Figure 5). These veins have characteristics of both extensional- and fault-fill veins. The shear-style veins comprise gold- and sulphide-bearing, quartz-tourmaline veins with associated chlorite and albite alteration, within an overall northwest-trending zone of high strain. The veins within this zone are oriented generally east-west and dip steeply to the south. Four of these veins (#1 through #4) were originally intersected and sampled during underground work at the mine in the 1940’s, whereas two (#5 and #6) are newly defined. Drilling by Galahad has delineated all of these veins beyond the old workings. Tension-style (“flat”) veins The moderately dipping extensional-shear veins are typically seen at gold deposits in the Val-d’Or Mining Camp. The may be abundant or infrequent, and commonly host very high gold-grades. For example, the T2 flat vein at Regcourt hosts gold mineralized intervals of 39.5 gpt /1.20 m and 39.0 gpt /1.05 m.

A summary of intersections encountered in the veins are tabulated and displayed graphically on Longitudinal Section figures in Appendix III. As a result of the stress-controlled structural permeability, the mineralization along the various vein systems at Regcourt is unevenly distributed. It is likely that linear and irregular ore shoots separated by lower grade zones and barren segments are present making the targeting of the mineralized zones difficult from surface. Further drilling is required to refine this model.


Figure 5: Surface projection of known veins on the Regcourt Property (see Map 1 for figure location)


6. CURRENT WORK The 2012 drilling campaign was carried out between February 24th, 2012 and March 13th, 2012 and consisted of 5 diamond-drill holes, totalling 1,572 metres of NQ core. The location of the 2012 drill-holes is shown in Figure 6. The 2012 programme was designed to test the near surface and deep projected extensions of gold-bearing quartz veins previously intersected by historic and earlier Galahad drill-holes. The drilling was carried out under the supervision of John Langton, M.Sc., P. Geo., a Qualified Person as defined by National Instrument 43-101. The drill core from the 2012 drilling program were logged by Sebastien Kouadio, P.Geo., of MRB & Associates. A total of 849 core-samples were collected and sent to ALS-Chemex Laboratories Ltd. of Val-d’Or, QC, an accredited lab. ALS Chemex has attained ISO 9001:2000 registration, which requires evidence of a quality management system covering all aspects of the assaying process. The samples were assayed for multiple-element-content using the ME-ICP41 package, which utilizes inductively coupled plasma-atomic emission spectrometry (ICP-AES) analytical methods; and for gold-content using the Au-AA25 package, utilizing fire-assay methods with an atomic absorption spectroscopy (AAS) finish. A synopsis of the 2012 drilling campaign is shown in Table 6, whereas selected best results are shown in Table 7. Diamond drill-hole logs for 2012 are included in Appendix IV, and drill-hole section maps are compiled in Appendix V. Hole RG12-01 was drilled on section 340 at an attitude of -65° towards 045° and was stopped after 351 metres. This hole was designed to test the near surface extension of (flat) quartz veins previously intersected by holes RG11-08 (39.50 gpt Au, from 40.9-42.1 m) and RG10-05 (6.08 gpt Au, from 16.3-17.5 m), and to intersect the extension of a vein encountered by hole RG10-05 that graded 6.18 gpt Au (326.5 - 326.8 m). An interval of 39.00 gpt Au from 42.5-43.6 m was encountered. Hole RG13-02 was drilled on section 300 at an attitude of -65° towards 045° and was stopped after 351 metres. This hole tested an interpreted corridor of flat quartz veins to a vertical depth of 250-300 metres. A tight set of quartz-tourmaline veins and veinlets associated with gabbroic dykes was previously intersected by historical holes on this section. Notable intervals are 9.48 gpt Au from 67.5-69.0 m and 6.62 gpt Au from 338.5-339.0 m (290 m vertical). The hole reached a vertical depth of 300 metres. Hole RG13-03 was drilled on section 340 at an attitude of -65° towards 045° and was stopped after 351 metres. This hole tested the near surface and deep extensions of (flat) quartz veins previously intersected by historical holes. The hole reached a vertical depth of 300 metres and encountered an interval from 348.9-349.4 m, grading 5.70 gpt Au. This corresponds to two intervals in hole RG10-07 grading 6.33 gpt Au and 14.55 gpt Au encountered from 376.4-376.8 and 386.0-386.4, respectively. Hole RG13-04 was drilled on section 380 at an attitude of -57° towards 045°, and encountered 11.08 gpt Au in an interval from 164.0-166.0 m. This hole breached a drift in the historic mine workings at 168 metres and was abandoned.


Hole RG13-04B was drilled on section 380 at an attitude of -56° towards 045° and was stopped after 351 metres. This hole was designed to test interpreted locations of quartz veins to a vertical depth of 250-300 metres. In addition, the hole tested near-surface, gold-bearing veins intersected by Regcourt Gold Mines’ underground holes.


Hole ID Length (m) Azimuth Dip Easting * Northing * RG12-01 351 045° -60° 324524.64 5329356.01 RG12-02 351 045° -60° 324606.24 5329464.44 RG12-03 351 045° -60° 324568.24 5329470.97 RG12-04 168 045° -57° 324535.02 5329470.97

RG12-04B 351 045° -56° 324538.20 5329498.21

Total: 1,572 * UTM Coordinates: NAD 83, Zone 18


Hole ID Hole Orientation

(True) Length of hole

(m)

From (m)

To (m)

Intersection (Au-gpt over interval)

Azimuth Dip

RG12-01 045º -60º 351 42.50 44.00 27.71 over 1.50 m

including 42.50 43.55 39.00 over 1.05 m

RG12-02 045º -60º 351 66.00 69.00 5.28 0ver 3.00 m

including 67.50 69.00 9.48 over 1.50 m

338.50 339.00 6.62 over 0.50 m

RG12-03 045º -60º 351 348.90 349.40 5.70 over 0.50 m

RG12-04 045º -57º 168 164.00 166.00 11.08 over 2.00 m

including 164.00 164.55 36.6 over 0.55 m

and 165.50 166.00 4.17 over 0.50 m

RG12-04B 045º -56º 351 123.50 124.00 4.01 over 0.50 m

213.00 213.60 5.28 over 0.60 m

301.50 303.85 1.43 over 2.35 m

315.00 315.80 6.09 over 0.80 m


Figure 6: Location of recent drill-holes on the Regcourt Property (see Map 1 for figure location)


6.1. Quality Assurance / Quality Control procedures The drill core from the 2012 drilling program were logged by Sebastien Kouadio (P.Geo.) of MRB & Associates, using GEMS Logger software, under the supervision of John Langton and Martin Bourgoin, the “Qualified Persons” for this project as defined by National Instrument 43-101. Mineralized drill-core intersections were sawn in half and sampled on lengths from 0.3 to 1.5 metres, and sealed in plastic sample bags with a sample-tag showing. The samples were delivered in secure bags to ALS Chemex, an accredited assay laboratory, in Val-d’Or, Quebec for assaying. Gold was assayed using the fire-assay method on a 30 gram pulp with an atomic absorption finish (Au-AA25). A Metallic-sieve analysis method (Au-SCR21) was employed for samples containing visible gold. Copies of signed Assay Certificates from ALS Chemex are included in Appendix VI. The program of quality control for the drill-core sampling program entailed the random insertion of blanks, standards and duplicates into the sample streams. A quality control program (QA/QC) was implemented by the laboratories to insure the precision of the analytical methods and results. After logging and sampling, all core boxes with an aluminium tag showing core box number and down hole depth interval, were transported and stored at a secure facility, owned and supervised by Forage Val-d’Or Inc. of Val-d’Or, QC.


7. DISCUSSION OF RESULTS

The Regcourt gold project hosts a series of parallel fault-fill and extensional gold-bearing quartz veins in a high-strain (shear) zone transecting a small granodiorite body (the Regcourt Stock) that intrudes mainly mafic and intermediate volcanic rocks of the Abitibi Greenstone Belt. The intrusion may have a long dimension oriented near vertical or steeply plunging and may continue to considerable depth. Additional veining is also likely to occur in other, untested, parts of the intrusion that have been affected by similar deformation, faulting and fracturing. The main objective of the 2012 drill program was to explore and validate historic intersections, as well as projected extensions of veins and other structures intersected by previous drill-holes. All of the 2012 drill-holes intersected gold-mineralized quartz-veins, adding to the understanding of the mineralization model at Regcourt. It appears that the mineralization along the various vein systems at Regcourt is unevenly distributed; i.e., nugget-style. Both linear and irregular ore zones, or shoots, are typically separated by lower grade zones and barren segments, making surface-targeting of the mineralized zones difficult. Further drilling is required to refine the model and to delimit the mineralized zones more precisely.


8. CONCLUSIONS AND RECOMMENDATIONS

The Regcourt property is underlain by favourable geology for gold mineralization. The observed mineralization is associated with shear zones and fractures within a granodiorite that are injected by veins and veinlets of quartz containing pyrite and tourmaline. This "Val-d’Or type" gold occurrence shares many geological similarities with present and former gold producers in the Val-d’Or Mining Camp.

8.1. Conclusions The main objective of the 2012 drill program was to explore and validate historic intersections, as well as projected extensions of veins and other structures, especially at their projected intersections. The three recent drill programmes, including the 5 holes drilled in 2012, have produced notable gold-bearing intersections in 22 of 27 drill-holes. The 2012 exploration campaign validated the historic intersections as well as the projected intersections and corroborated the existence of high-grade, gold-bearing quartz veins on the Property. A total of 849 core samples were collected and assayed for gold and whole-rock content; numerous gold-mineralized zones were intersected. The preliminary gold-assay results confirm the existence of gold mineralization to at least 100 vertical metres below the historic shaft. The granodiorite stock at the historic Regcourt Gold Mine hosts quartz-tourmaline-sulphide-gold vein mineralization in shear/tension fractures. The Regcourt Granodiorite has a limited aerial extent at surface but may have a long dimension oriented near vertical or steeply plunging and may continue to considerable depth. In order to better understand the pattern or high-grade gold mineralization detected on the Regcourt Property, these new data have been incorporated into the Gemcom® 3D database, which will be utilized to establish future drill-targets.

8.2. Recommendations It is recommended to pursue exploration on this Property with further drilling targeting the known mineralized zones to better understand their orientations and extent. Diamond-drilling to target the projected down-dip continuations of the shear-veins, especially Veins #3 and #4, which host some of the highest returned assays from depths greater than 200 m. Twin-drilling of some of the vertical historic holes to compare analytical results. It is important to validate more of the historic analytical results, with the objective of defining a mineral resource on the Property; Re-excavating and sampling of the “discovery” trench, which was excavated in 1944 exposing 8.13 gpt gold over an average width of 0.76 m along a strike length of 67 m.


A Hole-to-Hole 3D IP survey was completed by Abitibi-Géophysique in the nine (9) drill holes completed in 2010. It was been determined that IP geophysics can’t be relied upon to accurately identify the gold-bearing, quartz vein targets on the Regcourt Property. No further geophysical work is recommended at this time. The eastern part of the Property hosts a larger granodiorite intrusion, herein referred to as the East End Granodiorite (EEG). A review of available information shows that the surface extent of this body (600 m x 1500 m) is significantly larger than the Regcourt stock. Quartz-tourmaline-pyrite veins in the EEG have been encountered by historic surface trenching diamond-drill holes. No significant gold concentrations have been noted; however, only a small suite of results are available. The under-explored EEG warrants further investigation to determine whether it has a similarly developed a vein system to the Regcourt Granodiorite stock.


9. REFERENCES Bérubé, J-P, 2011 (GM66149). Examination of Gold Potential Proximal to the East End Granodiorite (Regcourt Property), Prepared for Galahad Metals Inc. by MRB & Associates, 15 pages. Horvath, A. and Langton J., 2010 (GM65029). Assessment Report, Historic-Data Compilation of Regcourt Property, AS Horvath Engineering Inc. and MRB & Associates, 31 pages. Langton J. and Pacheco, N., 2011 (GM66152). Assessment Report on the Regcourt Gold Property, Val-d’Or, Québec NTS 32C/03; MRB & Associates, 24 pages. Routledge, R.E., 1983. Report on the Albanex Energy Corporation Limited Regcourt Property, Vauquelin Township, Quebec. Prepared for Lugano Resources Ltd. by Derry, Michener, Booth and Wahl Consultants Ltd. Rennick, M.W., 1980. Report on the Crackingstone Mines Limited, Regcourt Property, Vauquelin Township, County of Abitibi-East, Quebec: NTS Reference 32-C/03.


CERTIFICATE OF QUALIFICATION

JOHN LANGTON

I, John Langton, M.Sc., P. Geo., currently residing in Val-d’Or, Québec do hereby certify that: 1. I graduated from the University of New Brunswick in 1985 with a B.Sc. in Geology and

from Queen’s University, Kingston in 1993 with a M.Sc. in Geology, and I have practised my profession continuously since that time;

2. I am currently working and living in Quebec and I am a Professional Geologist currently licensed by the Ordre des géologues du Québec (License No. 1231); the Association of Professional Engineers and Geoscientists of New Brunswick (Licence No. M5467), and; the Association of Professional Geoscientists of Ontario (Licence No. 1716);

3. I have worked as a geologist for 25 years. I have knowledge and experience with regard to a number of mineral deposit types and with the procedures involved in the preparation of technical studies;

4. I have prepared and authored this report. 5. To the best of my knowledge, I am not aware of any material fact or material change

with respect to the subject matter of the Report that is not reflected in the Report, the omission of which would make the Report misleading;

DATED this 27th Day of May, 2013 MRB & Associates

___________________________________ (Signed) John P. Langton, M.Sc., P. Geo.,

APPENDIX I

Summary of Current Claim Information - Regcourt Property

Claim # Renewal

Date Expiry Date

Area (ha)

Excess Credits

Work Required

Rent Fees

Owner (100%)

2187248 06/25/13 08/25/13 57.50 $0 $1,200 $54.25 Monarques Resources


















2202649 11/20/13 01/20/14 57.51 $9,359 $1,200 $54.25 Monarques Resources







2204306 12/03/13 02/02/14 19.28 $3,847 $500 $27.75 Monarques Resources











5277443 12/15/13 02/14/14 16.00 $0 $500 $27.75 Monarques Resources



Claim # Renewal

Date Expiry Date

Area (ha)

Excess Credits

Work Required

Rent Fees

Owner (100%)








































Claim # Renewal

Date Expiry Date

Area (ha)

Excess Credits

Work Required

Rent Fees

Owner (100%)












Totals: 2620.23 $859,300.00 $66,900.00 $3,317.75

APPENDIX II

Regcourt Deposit Compilation Map (Map 1)

(see back pocket)

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2

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2 22 2m

2m

2m

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3Cm

4m 4m

4m

4m

323000

323000

324000

324000

325000

325000

326000

326000

327000

327000

328000

328000

329000

329000

330000

330000

331000

331000

332000

332000

333000

333000

334000

334000

335000

335000

5325

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5325

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5326

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5326

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5327

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5329

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5330

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5330

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5332

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5332

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M

Text

GeologyD - Diabase9A - Granodiorite9B - Trondhjemite 4 - Fine to medium-grained sediments (greywacke, siltstone, shade)4m - Magnetic units within 4

3C - Felsic and Mafic Pyroclastics3Cm - Magnetic units within 3C3A - Felsic Volcanic flows (Rhyolite to Dacite)2 - Mafic and Intermediate Volcanic Flows and Tuffs2m - Magnetic units within 21 - Ultramafic Flows

1 : 15 000

REGCOURT PROPERTYGeological Compilation

NTS: 32C03

Grid: NAD 83, Zone 18Supervised by: J. Langton, P.Geo

Map N° 1Drawn by: N. PachecoDate: December 22, 2011

5736956.303

0 1 km

9A

2.4 g/t Au / 0.2 m

0.69 g/t Au / 2.7 m

0.69 g/t Au / 1.4 m

0.34 g/t Au / 1.5 m

0.3 g/t Au / 3.7 m0.17 g/t Au / 0.2 m

0.7 g/t Au / 0.7 m

0.2 g/t Au / 0.4 m

0.4 g/t Au / 0.6 m

0.2 g/t Au / 0.4 m

!. 2012 DDH

!. 2011 DDH

!. 2010 DDH

!. Historic DDH

Trench

- - - - - - - - - - - - Fault

! ! ! Polarisation Provoquée

Magnetic_Low

Mag_Sol

! ! ! EMC

! ! ! EMM

! ! ! TRM

! ! ! VLF

X X X X VLF_EM_Total_Field

D D D D VLF_EM_Reverse

! ! ! ! VLF_EM_Normal

Lake

Regcourt Claims

Historic ValuesDDH (g / t / m)

Au (ppb)Ref: GM49986P015

APPENDIX III

Longitudinal Sections Along Principal Veins

extent of historic underground workings-165 m

12.00 gpt / 1.52mCM-81-04

1.03 gpt / 3.15mRG12-03

CM-81-05145.37 gpt / 1.52m

-100 m

Surface

-50 0 50

Scale 1:1000

¢

¢

)

Vein 3

Vein 5

Vein 4

Vein 2

Vein 6

Vein 1

M------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Principal Shear Zone

0 25 50 m

----------------------------------------------------

---------------------

AB

Shaft

Vein 1 LongitudinalLooking NorthA B

HistoricGalahadUnderground sampling

Hole-IDAu gpt/interval

15.14 gpt / 1.50mRG10-08

CM-81-045.49 gpt / 1.52m

5.28 gpt / 3.00mRG12-02

0.41 gpt / 11.50mand

4.85 gpt / 1.00m

RG10-02ext

RG-11-090.54 gpt / 0.90m

-50 0 50

Scale 1:1500

-200 m

-100 m

Surface

¢

¢

)

Vein 3

Vein 5

Vein 4

Vein 2

Vein 6

Vein 1

M------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------


0 25 50 m

----------------------------------------------------

---------------------

AB

Shaft

A B

Vein 2 LongitudinalLooking North

167.15 gpt / 0.60m

extent of historicunderground workings

-165 m

UG-3210.79 gpt / 1.52m

HistoricGalahad

Underground sampling


Underground drilling

4.01 gpt / 0.50mRG12-04B

3.29 gpt / 1.00mRG10-03

0.41 gpt / 4.50mRG12-04

13.70 gpt / 0.50mfor 12.80m

3.77 gpt / 0.40mfor 12.50m

RG12-032.13 gpt / 0.50m

CM-81-0410.97 gpt / 1.52m

RG-11-0614.60 gpt / 0.35m

RG-11-063.08 gpt / 2.45m

including 10.50 gpt / 0.05m

RG10-03131.00 gpt / 0.90m

and 2.20 gpt / 1.20m

0.50 gpt / 0.90mRG12-02

-200 m

-100 m

Surface

-50 0 50

Scale 1:1500

¢

¢

)

Vein 3

Vein 5

Vein 4

Vein 2

Vein 6

Vein 1

M------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------


0 25 50 m

----------------------------------------------------

---------------------

B

AShaft


CM-81-069.01 gpt / 2.80m


-165 m



79.37 gpt / 3.60mRG10-02

8.19 gpt / 1.50mfor 11.00m

4.05 gpt / 4.00mincluding 12.00 gpt / 1.00m

RG10-04

11.08 gpt / 2.00mRG12-04

RG-11-0212.05 gpt / 0.40m

10.75 gpt / 0.30mRG10-05

RG10-0613.04 gpt / 0.30m

and6.28 gpt / 1.70m

CM-81-031.37 gpt / 1.52m

-200 m

-100 m

Surface

-50 0 50

Scale 1:1500

¢

¢

)

Vein 3

Vein 5

Vein 4

Vein 2

Vein 6

Vein 1

M------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------


0 25 50 m

----------------------------------------------------

---------------------A B

Shaft


1.90 gpt / 1.70m29

CM-81-089.30 gpt / 1.80m


-165 m

HistoricGalahad




(distance o�-section)

7.54 gpt / 2.07mUG-12

10.29 gpt / 0.49mUG-30

4.11 gpt / 2.11m (9m)UG-12

14.40 gpt / 2.74m (13.6m) UG-17

* Distance from the main vein

0.83 gpt / 3.00mRG10-07ext

RG10-07ext6.33 gpt / 0.35m

RG12-04B2.10 gpt / 2.30m

and5.28 gpt / 0.60m

RG-11-023.21 gpt / 0.50m

RG10-030.26 gpt / 1.00m

RG10-084.16 gpt / 1.00m

CM-81-0230.17 gpt / 0.92m

30.17 gpt / 0.91mCM-81-01

-50 0 50

Scale 1:2000

-300 m

-200 m

-100 m

Surface

¢

¢

)

Vein 3

Vein 5

Vein 4

Vein 2

Vein 6

Vein 1

M------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------


0 25 50 m

----------------------------------------------------

---------------------

Shaft

A B


2.20 gpt / 1.72m20

55.40 gpt / 1.60mCM-81-08


-165 m

6.17 gpt / 1.53m (11m)UG-12

HistoricGalahad




(distance o�-section)

16.11 gpt / 1.25m (11m)UG-17

18.86 gpt / 1.52m (13.6m)UG-17


-165 m

6.09 gpt / 0.80mRG12-04B

5.70 gpt / 0.50mRG12-03

14.45 gpt / 0.45mRG10-07ext

-50 0 50

Scale 1:2000

-300m

-200 m

-100 m

Surface

¢

¢

)

Vein 3

Vein 5

Vein 4

Vein 2

Vein 6

Vein 1

M------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------


0 25 50 m

----------------------------------------------------

---------------------

Shaft

AB




¢

¢

)

!H

!H

!H

!H

!H!H

!H

!H

!H

!H

!H

!H

!H

!H

!H

!H

!H

!H

!H!H

!H

!H

!H!H

!H

!H

!H

!H

!H

!H

!H

!H

!H

!H

!H

!H

!H

!H

!H

!H

!H

!H !H !H

!H

!H

!H

!H

!H

!H

!H

!H

!H!H

!H

!H

!H

!H

!H

!H

!H

!H

!.

!.!.

!.!.

?

?

???

???

??

?

RG10-04-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

T2

T1

Vein 3

Vein 5

Vein 4

Vein 2

Vein 6

Vein 1

RG12-04RG12-03

RG12-02

RG12-04b

RG11-09 RG11-07

RG11-06

RG11-05

RG11-01

RG11-10

RG10-05

RG10-06

RG10-09

RG10-08

RG10-01

RG10-07b

RG10-02b

324500

324500

324600

324600

324700

324700

5329

400

5329

400

5329

500

5329

500

5329

600

5329

600

Legend!. 2012 DDH

!H 2011 DDH

!H 2010 DDH

!H Historic DDH

¢

¢

) Regcourt Gold Mines shaft (1944)

Mineralized quartz vein (shear-type)

Mineralized quartz vein (tension-type)

Access Road

Fault

Granodiorite

Basalt / Andesite

Felsic and Mafic pyroclastics

M

1:1,500

Grid:

Regcourt ProjectDrawn by: B. Sinkunas

Date:NAD83 UTM18

March 2013

0 50 100 m

Approved by: J. Langton, P.Geo

Shaft--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------


Selected “Best” Intervals from Veins at the Regcourt Project Hole‐ID From (m) To (m) Au (gpt) Interval (m) Zone

CM‐81‐04 82.30 83.82 12.00 1.52 Vein 1

CM‐81‐05 121.17 122.69 145.37 1.52 Vein 1

RG12‐03 106.85 110.00 1.03 3.15 Vein 1

CM‐81‐04 126.49 128.02 5.49 1.52 Vein 2

RG10‐02ext 287.50 299.00 0.41 11.50 Vein 2

RG10‐02ext 303.00 304.00 4.85 1.00 Vein 2

RG10‐08 106.80 108.30 15.14 1.50 Vein 2

RG11‐09 154.55 155.45 0.54 0.90 Vein 2

RG12‐02 66.00 69.00 5.28 3.00 Vein 2

UG‐32 21.64 23.16 10.79 1.52 Vein 2

CM‐81‐04 121.17 122.69 10.97 1.52 Vein 3

RG10‐03 237.40 238.40 3.29 1.00 Vein 3

RG10‐03 288.00 288.90 131.00 0.90 Vein 3

RG10‐03 295.80 297.00 2.20 1.20 Vein 3

RG11‐06 48.00 50.45 3.08 2.45 Vein 3

including 49.80 50.45 10.50 0.65 Vein 3

RG11‐06 55.65 56.00 14.60 0.35 Vein 3

RG12‐03 122.50 123.00 2.13 0.50 Vein 3

RG12‐04 120.00 124.50 0.41 4.50 Vein 3

RG12‐04B 123.50 124.00 4.01 0.50 Vein 3

CM‐81‐03 151.64 153.16 1.37 1.52 Vein 4

RG10‐02 142.00 145.60 79.37 3.60 Vein 4

RG10‐04 168.00 172.00 4.05 4.00 Vein 4

including 170.00 171.00 12.00 1.00 Vein 4

RG10‐05 326.50 326.80 10.75 0.30 Vein 4

RG10‐06 282.90 283.20 13.04 0.30 Vein 4

RG10‐06 288.80 290.50 6.28 1.70 Vein 4

RG11‐02 241.85 242.25 12.05 0.40 Vein 4

RG12‐04 164.00 164.55 36.60 0.55 Vein 4

UG‐12 6.1 8.17 7.54 2.07 Vein 4

UG‐12 12.52 14.63 4.11 2.11 Vein 4

UG‐17 6.71 9.45 14.4 2.74 Vein 4

UG‐30 15.39 15.88 10.29 0.49 Vein 4

CM‐81‐01 119.18 120.09 30.17 0.91 Vein 5

CM‐81‐02 58.21 59.13 30.17 0.92 Vein 5

RG10‐03 163.00 164.00 0.26 1.00 Vein 5

RG10‐07ext 376.45 376.80 6.33 0.35 Vein 5

RG10‐07ext 415.00 418.00 0.83 3.00 Vein 5

RG10‐08 196.00 197.00 4.16 1.00 Vein 5

RG11‐02 197.80 198.30 3.21 0.50 Vein 5

RG12‐04B 207.60 209.90 2.10 2.30 Vein 5

RG12‐04B 213.00 213.60 5.28 0.60 Vein 5

UG‐12 16.15 17.68 6.17 1.53 Vein 5

UG‐17 16.46 17.98 18.86 1.52 Vein 5

UG‐17 22.83 24.08 16.11 1.25 Vein 5

RG10‐07ext 386.00 386.45 14.45 0.45 Vein 6

RG12‐03 348.90 349.40 5.70 0.50 Vein 6

RG12‐04B 315.00 315.80 6.09 0.80 Vein 6

RG11‐08 40.90 42.10 39.50 1.20 Vein T2

RG12‐01 42.50 43.55 39.00 1.05 Vein T2

APPENDIX IV

2012 Diamond Drill-hole Logs

HEADER REPORT

Hole Number RG12-01 Project: REGCOURT 001Project Number:

Distance Azimuth Dip Type CommentsGood

Deviation Tests

48.00 45.10 -58.80

51.00 45.40 -58.80

54.00 45.30 -58.70

57.00 45.50 -58.70

60.00 45.70 -58.70

63.00 47.00 -59.00

66.00 46.30 -58.60

69.00 46.40 -58.50

72.00 46.60 -58.40

75.00 46.80 -58.40

78.00 47.30 -58.30

81.00 47.50 -58.30

84.00 47.70 -58.20

87.00 47.90 -58.10

90.00 48.10 -58.10

93.00 48.30 -58.10

96.00 48.50 -58.10

99.00 48.50 -58.00

102.00 48.60 -58.00

105.00 48.70 -58.00

108.00 48.80 -57.90

111.00 48.80 -57.90

114.00 49.00 -57.80

117.00 49.00 -57.80

120.00 49.00 -57.70

123.00 49.00 -57.60

126.00 49.10 -57.60

129.00 49.10 -57.60

132.00 49.20 -57.60

135.00 49.20 -57.50

138.00 49.30 -57.60

141.00 49.30 -57.50


Deviation Tests

144.00 49.30 -57.50

147.00 49.40 -57.40

150.00 49.50 -57.40

153.00 49.60 -57.40

156.00 49.60 -57.30

159.00 49.50 -57.30

162.00 49.80 -57.30

165.00 50.10 -57.30

168.00 50.10 -57.20

171.00 50.10 -57.10

174.00 50.60 -57.00

177.00 50.80 -57.00

180.00 50.90 -56.80

183.00 51.10 -56.90

186.00 51.50 -56.80

189.00 51.70 -56.70

192.00 51.90 -56.70

195.00 52.20 -56.60

198.00 52.60 -56.60

201.00 52.50 -56.50

204.00 52.70 -56.50

207.00 53.10 -56.50

210.00 53.30 -56.40

213.00 53.10 -56.30

216.00 53.20 -56.30

219.00 53.10 -56.20

222.00 53.10 -56.10

225.00 53.10 -56.10

228.00 53.10 -56.10

231.00 53.20 -56.10

234.00 53.40 -56.10

237.00 53.60 -56.00

Page 2 of 312-Jul-12 11:36:01 AM

HEADER REPORT



Deviation Tests

240.00 53.80 -56.00

243.00 54.00 -56.00

246.00 54.10 -55.90

249.00 54.00 -55.90

252.00 54.30 -55.90

255.00 54.40 -55.80

258.00 54.50 -55.80

261.00 54.70 -55.80

264.00 54.80 -55.70

267.00 54.90 -55.70

270.00 55.00 -55.70

273.00 55.00 -55.70

276.00 55.20 -55.70

279.00 55.40 -55.70

282.00 55.60 -55.70

285.00 55.60 -55.60

288.00 55.80 -55.70

291.00 55.90 -55.60

294.00 56.00 -55.60

297.00 56.10 -55.60

300.00 56.40 -55.60

303.00 56.50 -55.50

306.00 56.70 -55.50

309.00 56.80 -55.40

312.00 56.90 -55.50

315.00 57.20 -55.30

318.00 57.30 -55.30

321.00 57.30 -55.20

324.00 57.40 -55.20

327.00 57.50 -55.20

330.00 57.60 -55.20

333.00 57.70 -55.20


Deviation Tests

336.00 57.80 -55.20

339.00 57.90 -55.10

342.00 57.90 -55.10

345.00 58.10 -55.10

348.00 58.20 -55.10

351.00 58.30 -55.00

Page 3 of 312-Jul-12 11:36:01 AM

LITHOLOGY REPORT


- Detailed -

From To(m) (m) Lithology Sample # From To Length

Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

0.00 6.00 CAS Casing

6.00 17.20 GRDR

Fine to medium-grained, equigranular locally (porphyritic facies), plagioclase-phyric (white spots euhedral plagioclase) and anhedral quartz grains. Moderate to strong silicification. Chlorite alteration, locally fracture controlled. Weak sericite and epidote alteration filling fractures. Rare sulphide traces throughout the unit. Gradational lower contact.

Granodiorite 12.00 13.00N199001 1.00 0.01 - - -

13.00 14.00N199002 1.00 <0.01 - - -

14.00 14.70N199003 0.70 <0.01 - - -

14.70 15.00N199004 0.30 <0.01 - - -

15.00 16.50N199005 1.50 <0.01 - - -

16.50 17.20N199006 0.70 <0.01 - - -

Alteration Maj: Type/Style/Intensity Comment

6.00 - 17.20 CHL F M

6.00 - 17.20 EP SP W

6.00 - 17.20 Ser SP W

Mineralization Maj. : Type/Style/%Mineral Comment15.00 - 18.00 PY VN 5 In quartz veins/veinlets zone

17.20 18.10 QTZ

Massive white quartz and dirty white quartz carbonate vein. Locally moderate chloritization (veinlets). 2-3 % semi massive, medium to coarse-grained pyrite. Irregular sharp lower contact.

Quartz Vein 17.20 18.10N199007 0.90 0.06 - - -

18.10 41.00 GRDR

Fine to medium-grained, equigranular ou phaneritic locally (porphyritic facies in general): plagioclase-phyric (white spots euhedral plagioclase) and anhedral quartz grains). Moderate to strong pervasive albitization Moderate to strong pervasive silicification. Moderate pervasive chlorite alteration, locally fracture controlled. Weak sericite and epidote alteration filling fractures. Rare sulphide traces throughout the unit. Gradational lower contact.

Granodiorite 18.10 19.50N199009 1.40 0.01 - - -

19.50 20.15N199010 0.65 <0.01 - - -

20.15 20.55N199011 0.40 0.01 - - -

20.55 22.00N199012 1.45 <0.01 - - -

30.00 31.50N199274 1.50 0.07 - - -

11-Jul-12 9:39:13 AM Page 1 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

31.50 33.00N199275 1.50 -0.01 - - -

33.00 34.50N199276 1.50 0.02 - - -

34.50 36.00N199277 1.50 -0.01 - - -

36.00 37.50N199013 1.50 <0.01 - - -

37.50 39.00N199014 1.50 <0.01 - - -

39.00 39.50N199015 0.50 0.03 - - -

39.50 41.00N199016 1.50 0.04 - - -


29.00 - 36.00 CHL P M

29.00 - 36.00 Alb P MS

36.00 - 41.00 EP FF W

36.00 - 41.00 Ser FF W

36.00 - 41.00 Sil P MS

41.00 43.55 QTZ

White quartz and dirty white quartz carbonate vein.Trace to 1-2% disseminated pyrite. Local moderate tourmalization as veinlets. Sharp upper contact @ 30 LCA. Sharp lower contact @ 40-45 LCA.

Quartz Vein 41.00 42.50N199017 1.50 0.05 - - -

42.50 43.55N199018 1.05 37.00 - 39.00 -

Mineralization Maj. : Type/Style/%Mineral Comment41.00 - 43.55 TOM VN 1 Tourmaline stringers

41.00 - 43.55 PY DIS 1 trace to 1-2% disseminated pyrite

43.55 52.80 GRDR

Almost idem as the upper granodiorite unit . Equigranular (porphyritic facies): plagioclase-phyric (white spots euhedral plagioclase) and anhedral quartz grains. Moderate to strong pervasive chloritization Weak to moderate pervasive silicification. Weak sericite and epidote alteration filling fractures. Rare sulphide (pyrite) traces throughout the unit. Sharp upper contact @ 40 LCA. Gradational lower contact.

Granodiorite 43.55 44.00N199020 0.45 1.35 - - -

44.00 45.00N199021 1.00 0.07 - - -

45.00 46.50N199022 1.50 0.02 - - -

46.50 48.00N199023 1.50 0.02 - - -

48.00 49.50N199024 1.50 <0.01 - - -

49.50 51.00N199026 1.50 <0.01 - - -

51.00 52.50N199027 1.50 <0.01 - - -

52.50 52.80N199028 0.30 <0.01 - - -

52.80 53.10 QTZ

White quartz- carbonate vein.Trace pyrite. Local weak tourmalization as veinlets. Sharp upper contact @

Quartz Vein 52.80 53.10N199029 0.30 0.01 - - -

11-Jul-12 9:39:13 AM Page 2 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

30 LCA. Sharp lower contact @ 40 LCA.

53.10 306.65 GRDR

Greyish, phaneritic. From 170.00m to 210.00m, local strong pervasive chloritization. Quartz-carbonate veinlets cross-cutting the unit from 123.00 m to 147.00 m. Flat quartz veins( From 197.00m to 198.00m : a 4 cm wide flat quartz vein; From 210.00m to 211.00m: a 2 cm wide flat quartz veinlet, from 217.00m to 218.00m: a cm wide flat quartz-tourmaline veinlet, from 227.00m to 228.00m: a 2 cm wide flat quartz-tourmaline veinlet). Various pyrite concentrations associated. Sharp lower contact @ 30 LCA.

Granodiorite 53.10 54.00N199031 0.90 0.01 - - -

54.00 55.50N199032 1.50 0.03 - - -

55.50 56.00N199033 0.50 0.12 - - -

56.00 57.00N199034 1.00 0.02 - - -

57.00 58.50N199299 1.50 -0.01 - - -

58.50 60.00N199301 1.50 -0.01 - - -

60.00 61.50N199279 1.50 0.01 - - -

61.50 63.00N199280 1.50 -0.01 - - -

63.00 64.50N199281 1.50 -0.01 - - -

64.50 66.00N199282 1.50 -0.01 - - -

66.00 67.00N199283 1.00 -0.01 - - -

67.00 68.00N199302 1.00 -0.01 - - -

68.00 69.00N199303 1.00 -0.01 - - -

69.00 70.50N199304 1.50 -0.01 - - -

70.50 72.00N199305 1.50 -0.01 - - -

72.00 73.50N199284 1.50 0.01 - - -

73.50 75.00N199285 1.50 0.01 - - -

75.00 76.00N199286 1.00 -0.01 - - -

76.00 77.00N199288 1.00 0.01 - - -

77.00 78.00N199289 1.00 -0.01 - - -

78.00 79.50N199290 1.50 -0.01 - - -

79.50 81.00N199291 1.50 -0.01 - - -

81.00 82.50N199292 1.50 -0.01 - - -

82.50 84.00N199293 1.50 -0.01 - - -


53.10 - 81.00 Alb P W

53.10 - 81.00 CHL P M

81.00 - 88.00 CHL P W

81.00 - 88.00 Sil P W

81.00 - 88.00 Alb P M

201.00 - 218.00 Carb P M (moderate ankeritization?) Pods as well

Texture Maj: Type Commentcarbonate breccia+strong chloritization+moderate epidotization

BX158.00 - 159.00

Mineralization Maj. : Type/Style/%Mineral Comment153.00 - 159.00 TOM VN 1

153.00 - 159.00 PY DIS 2

Structure Maj.: Type/Core Angle Comment85.10 - 85.25 VN 50

100.50 - 100.60 VN 50 with tourmaline stringers

246.20 - 246.50 VN 20 White quartz vein

11-Jul-12 9:39:13 AM Page 3 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

84.00 85.00N199294 1.00 -0.01 - - -

85.00 85.40N199295 0.40 -0.01 - - -

85.40 86.00N199297 0.60 0.01 - - -

86.00 87.00N199298 1.00 0.10 - - -

99.00 100.00N199306 1.00 -0.01 - - -

100.00 100.40N199307 0.40 -0.01 - - -

100.40 100.70N199308 0.30 0.01 - - -

100.70 102.00N199310 1.30 0.01 - - -

102.00 103.50N199311 1.50 0.01 - - -

111.00 111.50N199035 0.50 0.01 - - -

111.50 112.00N199036 0.50 1.68 1.88 - -

112.00 113.00N199037 1.00 <0.01 - - -

113.00 114.00N199038 1.00 <0.01 - - -

114.00 115.50N199039 1.50 0.13 - - -

115.50 116.00N199040 0.50 <0.01 - - -

116.00 116.50N199041 0.50 0.03 - - -

116.50 117.00N199042 0.50 <0.01 - - -

117.00 118.00N199043 1.00 <0.01 - - -

118.00 118.50N199044 0.50 <0.01 - - -

118.50 120.00N199045 1.50 <0.01 - - -

150.00 151.50N199312 1.50 -0.01 - - -

151.50 153.00N199313 1.50 -0.01 - - -

153.00 154.50N199314 1.50 0.14 - - -

154.50 155.10N199315 0.60 0.02 - - -

155.10 156.00N199316 0.90 0.07 - - -

156.00 157.00N199318 1.00 -0.01 - - -

157.00 158.00N199319 1.00 0.17 - - -

11-Jul-12 9:39:13 AM Page 4 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

158.00 159.00N199320 1.00 0.34 - - -

159.00 160.50N199321 1.50 0.01 - - -

160.50 162.00N199322 1.50 0.01 - - -

162.00 163.50N199323 1.50 0.05 - - -

163.50 165.00N199324 1.50 0.01 - - -

165.00 166.50N199326 1.50 0.01 - - -

166.50 168.00N199327 1.50 0.01 - - -

168.00 169.50N199046 1.50 0.02 - - -

169.50 169.90N199047 0.40 <0.01 - - -

169.90 170.20N199049 0.30 0.47 - - -

170.20 171.00N199051 0.80 0.01 - - -

171.00 172.50N199052 1.50 <0.01 - - -

172.50 174.00N199053 1.50 <0.01 - - -

174.00 175.50N199328 1.50 0.02 - - -

175.50 177.00N199329 1.50 0.04 - - -

177.00 178.50N199330 1.50 0.05 - - -

178.50 180.00N199331 1.50 -0.01 - - -

195.00 196.50N199332 1.50 -0.01 - - -

196.50 197.50N199333 1.00 -0.01 - - -

197.50 198.00N199334 0.50 -0.01 - - -

198.00 199.00N199336 1.00 -0.01 - - -

199.00 200.00N199337 1.00 -0.01 - - -

200.00 201.00N199338 1.00 0.01 - - -

201.00 202.50N199339 1.50 -0.01 - - -

202.50 204.00N199340 1.50 -0.01 - - -

204.00 205.50N199341 1.50 -0.01 - - -

205.50 206.50N199342 1.00 -0.01 - - -

11-Jul-12 9:39:13 AM Page 5 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

206.50 207.00N199343 0.50 -0.01 - - -

207.00 208.00N199345 1.00 -0.01 - - -

208.00 209.00N199346 1.00 -0.01 - - -

209.00 210.00N199347 1.00 -0.01 - - -

210.00 211.00N199348 1.00 0.01 - - -

211.00 212.00N199349 1.00 0.03 - - -

212.00 213.00N199351 1.00 0.01 - - -

213.00 214.50N199352 1.50 0.02 - - -

214.50 215.50N199353 1.00 -0.01 - - -

215.50 216.00N199354 0.50 -0.01 - - -

216.00 217.00N199355 1.00 0.03 - - -

217.00 217.50N199356 0.50 0.02 - - -

217.50 218.00N199357 0.50 0.10 - - -

218.00 219.00N199359 1.00 0.03 - - -

219.00 220.50N199360 1.50 -0.01 - - -

220.50 222.00N199361 1.50 -0.01 - - -

222.00 222.60N199362 0.60 -0.01 - - -

222.60 223.50N199363 0.90 0.88 - - -

223.50 225.00N199365 1.50 0.01 - - -

225.00 226.50N199366 1.50 0.01 - - -

226.50 227.60N199367 1.10 0.04 - - -

227.60 228.00N199368 0.40 0.09 - - -

228.00 229.50N199369 1.50 0.03 - - -

229.50 231.00N199370 1.50 -0.01 - - -

244.00 245.00N199371 1.00 -0.01 - - -

245.00 246.15N199372 1.15 0.01 - - -

246.15 246.50N199373 0.35 1.26 - - -

11-Jul-12 9:39:13 AM Page 6 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

246.50 247.50N199374 1.00 0.01 - - -

247.50 249.00N199376 1.50 0.01 - - -

264.00 265.50N199377 1.50 -0.01 - - -

265.50 266.00N199378 0.50 0.04 - - -

266.00 267.00N199379 1.00 0.04 - - -

303.00 304.50N199054 1.50 <0.01 - - -

304.50 306.00N199055 1.50 0.04 - - -

306.00 306.65N199056 0.65 <0.01 - - -

306.65 307.55 CSCH

Dark green. Schistosed @ 40 LCA. Trace to 1% anhedral disseminated pyrite and stringer. Upper sharp contact @ 30 LCA. Broken lower contact.

Chlorite Schist 306.65 307.50N199057 0.85 <0.01 - - -


306.65 - 307.55 Carb VN M vein/veinlet; domainal

306.65 - 307.55 CHL P I

Structure Maj.: Type/Core Angle Comment306.65 - 307.55 S 35 Intense

307.55 308.00 QTZ

White quartz- carbonate vein.Trace pyrite.Upper and lower broken contacts (strong fracturation).

Quartz Vein 307.50 308.00N199058 0.50 <0.01 - - -

308.00 309.50 DIOR

Dark green.Gabbroic composition? Phaneritic texture.Trace pyrite. Itense pervasive chloritization. Locally pyroxene?

Diorite 308.00 309.50N199060 1.50 <0.01 - - -

11-Jul-12 9:39:13 AM Page 7 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv


308.00 - 309.50 CHL P S

309.50 333.80 GRDR

Fine to medium-grained, equigranular ou phaneritic locally (porphyritic facies in general), plagioclase-phyric (white spots euhedral plagioclase) and anhedral quartz grains. Moderate to strong silicification. Chlorite alteration, locally fracture controlled. Weak sericite and epidote alteration filling fractures. Rare sulphide traces throughout the unit. Sharp lower contact @ 30 LCA.

Granodiorite 309.50 310.50N199061 1.00 <0.01 - - -

310.50 312.00N199062 1.50 <0.01 - - -

312.00 313.00N199063 1.00 <0.01 - - -

313.00 314.00N199064 1.00 <0.01 - - -

314.00 315.00N199065 1.00 <0.01 - - -

315.00 316.20N199066 1.20 <0.01 - - -

316.20 316.50N199067 0.30 0.25 - - -

316.50 318.00N199069 1.50 <0.01 - - -

318.00 319.50N199070 1.50 <0.01 - - -

330.50 331.50N199380 1.00 -0.01 - - -

331.50 333.00N199381 1.50 0.07 - - -

333.00 333.80N199382 0.80 -0.01 - - -

316.20 316.40 QTZ

Minor Interval:

Quartz Vein

333.80 337.50 CSCH

Dark green. Schistosity @ 40-45 LCA. Gabbroitic to dioritic composition?. Includes 25 cm of white quartz vein. Intense pervasive chloritization. Trace to 1% anhedral disseminated pyrite and stringer.Rare to trace chalcopyrite blebs. Upper sharp contact @ 30 LCA. Sharp lower contact @ 30 LCA.

Chlorite Schist 333.80 334.40N199383 0.60 -0.01 - - -

334.40 334.90N199384 0.50 -0.01 - - -

334.90 336.00N199386 1.10 -0.01 - - -

336.00 337.50N199387 1.50 -0.01 - - -

Structure Maj.: Type/Core Angle Comment334.40 - 334.65 VN 40 White quartz vein

11-Jul-12 9:39:13 AM Page 8 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

337.50 339.50 GRDR

Fine to medium-grained, plagioclase-phyric (white spots euhedral plagioclase) and anhedral quartz grains. Moderate silicification. Chlorite alteration, locally fracture controlled. Weak sericite and epidote alteration filling fractures. Rare sulphide traces throughout the unit. Sharp lower contact @ 60 LCA.

Granodiorite

339.50 340.60 CSCH

Dark green. Schistosed @ 40-45 LCA.Gabbroitic to dioritic composition?. Includes a 1 cm wide flat quartz vein?. Intense pervasive chloritization Pyrite traces. Sharp upper contact @ 60 LCA. Sharp lower contact @ 20 LCA.

Chlorite Schist


339.50 - 340.60 CHL P I

340.60 351.00 GRDR

Fine to medium-grained, plagioclase-phyric (white spots euhedral plagioclase) and anhedral quartz grains. Moderate silicification.Pervasive chlorite alteration, locally fracture controlled. Weak sericite and epidote alteration filling fractures. Rare sulphide traces throughout the unit. Moderate vein/veinlet tourmalization. Sharp upper contact @ 20 LCA.

Granodiorite 345.00 346.50N199388 1.50 -0.01 - - -

346.50 348.00N199389 1.50 -0.01 - - -

348.00 349.50N199390 1.50 0.01 - - -

349.50 351.00N199391 1.50 -0.01 - - -

Mineralization Maj. : Type/Style/%Mineral Comment345.00 - 351.00 TOM VN 1 isolated tourmaline veinlets and stringers

351.00 0.00 EOH End of Hole

11-Jul-12 9:39:13 AM Page 9 of 9

HEADER REPORT



Deviation Tests

51.00 44.50 -59.70

54.00 44.70 -59.70

57.00 44.80 -59.70

60.00 44.60 -59.60

63.00 44.80 -59.60

66.00 44.90 -59.60

69.00 45.10 -59.60

72.00 45.20 -59.60

75.00 45.20 -59.50

78.00 45.30 -59.50

81.00 45.50 -59.50

84.00 45.60 -59.50

87.00 45.60 -59.50

90.00 45.70 -59.50

93.00 45.80 -59.40

96.00 45.90 -59.50

99.00 45.90 -59.40

102.00 46.10 -59.40

105.00 46.10 -59.40

108.00 46.20 -59.40

111.00 46.30 -59.40

114.00 46.30 -59.30

117.00 46.50 -59.30

120.00 46.40 -59.30

123.00 46.60 -59.30

126.00 46.50 -59.20

129.00 46.50 -59.20

132.00 46.60 -59.20

135.00 46.40 -59.10

138.00 46.60 -59.20

141.00 46.60 -59.30

144.00 46.70 -59.30


Deviation Tests

147.00 46.80 -59.30

150.00 46.90 -59.30

153.00 47.00 -59.30

156.00 47.20 -59.30

159.00 47.10 -59.30

162.00 47.10 -59.30

165.00 47.30 -59.30

168.00 47.50 -59.30

171.00 47.50 -59.30

174.00 47.50 -59.20

177.00 47.70 -59.20

180.00 47.90 -59.20

183.00 48.00 -59.20

186.00 48.20 -59.10

189.00 48.60 -59.10

192.00 48.80 -59.10

195.00 49.00 -59.00

198.00 49.10 -59.00

201.00 49.20 -58.90

204.00 49.30 -58.90

207.00 49.80 -59.00

210.00 49.70 -58.90

213.00 49.60 -58.90

216.00 49.70 -58.80

219.00 49.70 -58.80

222.00 49.90 -58.70

225.00 50.10 -58.60

228.00 50.30 -58.60

231.00 50.30 -58.50

234.00 50.40 -58.50

237.00 50.40 -58.40

240.00 50.70 -58.40

Page 2 of 312-Jul-12 11:36:30 AM

HEADER REPORT



Deviation Tests

243.00 50.90 -58.30

246.00 51.00 -58.30

249.00 51.30 -58.20

252.00 51.40 -58.20

255.00 51.40 -58.10

258.00 51.40 -58.00

261.00 51.50 -58.00

264.00 51.50 -58.00

267.00 51.60 -58.00

270.00 51.90 -58.00

273.00 51.80 -57.80

276.00 52.10 -57.80

279.00 52.20 -57.80

282.00 52.20 -57.70

285.00 52.30 -57.60

288.00 52.40 -57.60

291.00 52.60 -57.50

294.00 52.80 -57.50

297.00 52.80 -57.40

300.00 52.90 -57.40

303.00 53.00 -57.40

306.00 53.10 -57.40

309.00 53.20 -57.40

312.00 53.30 -57.30

315.00 53.40 -57.30

318.00 53.40 -57.20

321.00 53.40 -57.20

324.00 53.30 -57.10

327.00 53.40 -57.10

330.00 53.40 -57.00

333.00 53.50 -57.00

336.00 53.50 -57.00


Deviation Tests

339.00 53.50 -57.00

342.00 53.50 -57.00

345.00 53.60 -56.90

348.00 53.70 -56.90

351.00 53.60 -56.90

Page 3 of 312-Jul-12 11:36:31 AM

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv


3.00 13.65 GRDR

Greyish, fine to medium-grained, plagioclase-phyric (white spots euhedral plagioclase) and anhedral quartz grains. Moderate silicification.Pervasive strong chlorite alteration, locally strongly spotted. Weak sericite and epidote alteration filling fractures. Moderate to strong hematization. Rare sulphide traces throughout the unit. Weak vein/veinlet tourmalization. lower contact @ 20 LCA.

Granodiorite 9.00 10.00N199071 1.00 0.11 - - -

10.00 11.00N199072 1.00 0.02 - - -

11.00 12.00N199073 1.00 0.02 - - -

12.00 13.00N199074 1.00 0.01 - - -

13.00 13.65N199076 0.65 0.03 - - - Structure Maj.: Type/Core Angle Comment11.20 - 13.65 SHR 40

13.65 14.40 QTZ

Massive white quartz and dirty white quartz carbonate vein. Locally moderate chloritization (veinlets). Sharp lower contact @ 20 LCA.

Quartz Vein 13.65 14.40N199077 0.75 0.03 - - -


13.65 - 14.40 HE P S

Mineralization Maj. : Type/Style/%Mineral Comment13.65 - 14.40 PY DIS 0 Trace to 1% disseminated pyrite

14.40 91.90 GRDR

Greyish, fine to medium-grained, plagioclase-phyric (white spots euhedral plagioclase) and anhedral quartz grains. Moderate silicification.Pervasive strong chlorite alteration, locally fracture controlled and spotted. Weak sericite and epidote alteration filling fractures. Moderate to strong hematization. Rare sulphide traces throughout the unit. Weak vein/veinlet tourmalization. Sharp upper contact @ 20 LCA

Granodiorite 14.40 15.00N199079 0.60 0.04 - - -

15.00 16.50N199080 1.50 -0.01 - - -

16.50 18.00N199081 1.50 -0.01 - - -

60.00 60.50N199392 0.50 -0.01 - - -

11-Jul-12 9:39:33 AM Page 1 of 8

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

60.50 62.00N199394 1.50 -0.01 - - -

62.00 63.00N199395 1.00 -0.01 - - -

63.00 63.90N199396 0.90 0.21 - - -

63.90 64.30N199397 0.40 1.63 - - -

64.30 65.00N199398 0.70 -0.01 - - -

65.00 66.00N199399 1.00 -0.01 - - -

66.00 67.50N199401 1.50 1.08 - - -

67.50 69.00N199402 1.50 9.48 - - -

69.00 80.00N199403 11.00 0.17 - - -

80.00 81.00N199404 1.00 0.37 - - -

81.00 82.00N199405 1.00 0.03 - - -

82.00 82.50N199406 0.50 0.01 - - -

82.50 83.30N199407 0.80 0.18 - - -

83.30 84.00N199409 0.70 0.02 - - -

84.00 85.00N199410 1.00 -0.01 - - -

85.00 86.00N199411 1.00 0.07 - - -

86.00 87.00N199412 1.00 0.06 - - -

87.00 88.50N199082 1.50 0.01 - - -

88.50 90.00N199083 1.50 0.03 - - -

90.00 91.50N199084 1.50 0.07 - - -

91.50 91.90N199085 0.40 0.05 - - -


14.40 - 91.90 CHL SP M

91.90 94.60 QTZ

White quartz and dirty white quartz-tourmaline- carbonate veins, locally 1-3 % wispy tourmaline inclusions within quartz veins. Intervein material generally composed of chlorite schist. Trace to 1 % anhedral disseminated and stringers pyrite within chlorite schist material. Sharp upper and lower contacts @ 45 LCA.

Quartz Vein 91.90 92.80N199086 0.90 0.50 - - -

92.80 93.80N199088 1.00 -0.01 - - -

93.80 94.75N199089 0.95 0.16 - - -


11-Jul-12 9:39:34 AM Page 2 of 8

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

91.90 - 94.60 CHL P S Intense locally and chlorite schist facies

Mineralization Maj. : Type/Style/%Mineral Comment91.90 - 94.60 PY DIS 1 trace to 1% locally

91.90 - 94.60 TOM SM 3 1-3%, locallly up to 20%: lower level of the quartz vein

94.60 96.20 DIOR

Green. Medium-grained. Moderate to strong (locally) chloritization. With 1-4 cm wide quartz-tourmaline-carbonate veinlets. Rare pyrite consist of isolated euhedral crystals. Sharp upper and lower contacts @ 45 LCA.

Diorite 94.75 96.20N199090 1.45 0.04 - - -

94.60 94.75 GRDR

Minor Interval:

Granodiorite

96.20 181.00 GRDR

Greyish, fine to medium-grained, plagioclase-phyric (white spots euhedral plagioclase) and anhedral quartz grains. Moderate to intense silicification (from 180.50m to 181.00m).Pervasive strong chlorite alteration, locally fracture controlled and spotted. Weak sericite and epidote alteration filling fractures. (From 200.00m to 201.00m: a 2 cm wide flat quartz vein?) Rare sulphide traces throughout the unit (1 % from 180.50m to 181.00m). Local weak vein/veinlet tourmalization. Sharp lower contact @ 70-80 LCA.

Granodiorite 96.20 96.70N199091 0.50 0.02 - - -

96.70 98.00N199092 1.30 0.01 - - -

98.00 99.00N199093 1.00 0.01 - - -

99.00 100.50N199094 1.50 0.08 - - -

100.50 102.00N199095 1.50 0.22 - - -

102.00 103.50N199096 1.50 0.02 - - -

103.50 104.15N199097 0.65 0.19 - - -

104.15 104.50N199098 0.35 0.05 - - -

104.50 105.00N199099 0.50 -0.01 - - -

105.00 106.50N199101 1.50 0.01 - - -

106.50 108.00N199102 1.50 -0.01 - - -

108.00 109.50N199103 1.50 0.06 - - -

109.50 110.50N199104 1.00 -0.01 - - -


180.50 - 181.00 Sil P I

Mineralization Maj. : Type/Style/%Mineral Comment129.00 - 133.00 PY DIS 1

180.50 - 181.00 PY DIS 1 Granodiorite-chlorite schist contact; intense silicification

11-Jul-12 9:39:34 AM Page 3 of 8

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

110.50 110.85N199105 0.35 0.01 - - -

110.85 111.70N199107 0.85 -0.01 - - -

111.70 112.00N199108 0.30 1.18 - - -

112.00 113.00N199110 1.00 -0.01 - - -

113.00 114.00N199111 1.00 -0.01 - - -

114.00 115.50N199112 1.50 -0.01 - - -

115.50 117.00N199113 1.50 -0.01 - - -

117.00 117.50N199114 0.50 -0.01 - - -

117.50 118.50N199115 1.00 0.01 - - -

128.00 129.00N199421 1.00 0.02 - - -

129.00 130.00N199413 1.00 0.01 - - -

130.00 130.60N199414 0.60 0.05 - - -

130.60 131.50N199416 0.90 0.23 - - -

131.50 132.00N199417 0.50 0.97 - - -

132.00 133.00N199418 1.00 0.34 - - -

133.00 134.00N199419 1.00 0.02 - - -

134.00 135.00N199420 1.00 -0.01 - - -

179.00 180.00N199422 1.00 -0.01 - - -

180.00 180.50N199423 0.50 0.01 - - -

180.50 181.00N199424 0.50 0.01 - - -

130.40 130.65 QTZ

White quartz vein. Sharp upper contact @ 60 LCA. Sharp lower contact @ 20 LCA.

Minor Interval:

Quartz Vein

Structure Min.: Type/Core Angle Comment130.40 - 130.65 VN 70

11-Jul-12 9:39:34 AM Page 4 of 8

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

181.00 184.20 CSCH

Dark green. Moderate schistosity @ 40-45 LCA. Gabbroitic to dioritic composition?. Intense pervasive chloritization. Carbonate veinlets system. Pyrite trace. Upper sharp contact @ 70-80 LCA. Sharp lower contact @ 40 LCA.

Chlorite Schist 181.00 182.00N199426 1.00 0.03 - - -

182.00 183.00N199427 1.00 -0.01 - - -

183.00 184.20N199428 1.20 -0.01 - - -


181.00 - 184.20 Carb VN M

181.00 - 184.20 CHL P I

184.20 351.00 GRDR

Greyish, fine to medium-grained, plagioclase-phyric (white spots euhedral plagioclase) and anhedral quartz grains. Moderate to strong silicification (from 333.00m to 340.00m). Pervasive strong chlorite alteration, locally fracture controlled and spotted. Weak sericite and epidote alteration filling fractures. Flat quartz veins: (From 240.00m to 241.00m: a 3-4cm wide flat quartz vein; from 304.30m to 305.70m: a 2-3 cm wide flat quartz vein over 1.50m; from 339.00m to 340: a 4 cm wide flat quartz vein). Sulphide consist of trace to 1-2% (333.00m to 345.0m) disseminated pyrite, locally tourmaline veinlets and stringers associated. Sharp upper contact @ 40 LCA.

Granodiorite 184.20 185.00N199429 0.80 0.01 - - -

185.00 186.00N199430 1.00 0.01 - - -

198.00 199.50N199431 1.50 -0.01 - - -

199.50 201.00N199432 1.50 -0.01 - - -

201.00 202.50N199433 1.50 0.01 - - -

202.50 204.00N199434 1.50 -0.01 - - -

237.00 238.50N199435 1.50 -0.01 - - -

238.50 240.00N199436 1.50 -0.01 - - -

240.00 241.50N199437 1.50 -0.01 - - -

241.50 242.60N199439 1.10 -0.01 - - -

242.60 243.60N199440 1.00 0.01 - - -

243.60 245.00N199441 1.40 0.07 - - -

245.00 246.00N199442 1.00 0.46 - - -

246.00 246.80N199444 0.80 -0.01 - - -

246.80 247.50N199445 0.70 -0.01 - - -

247.50 249.00N199446 1.50 -0.01 - - -

249.00 250.50N199447 1.50 -0.01 - - -

250.50 252.00N199448 1.50 -0.01 - - -


333.00 - 340.00 EP P W

333.00 - 340.00 Ser P W

333.00 - 340.00 CHL P S Locally fracture controlled ans spotted

333.00 - 340.00 Sil P MS visible from 333.00m to 340.00m

Mineralization Maj. : Type/Style/%Mineral Comment333.00 - 345.00 TOM VN 1

333.00 - 345.00 PY DIS 1 1-2% pyrite

11-Jul-12 9:39:34 AM Page 5 of 8

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

252.00 252.80N199449 0.80 0.01 - - -

267.00 268.50N199116 1.50 -0.01 - - -

268.50 270.00N199117 1.50 -0.01 - - -

270.00 271.50N199118 1.50 -0.01 - - -

271.50 271.90N199119 0.40 0.20 - - -

271.90 273.00N199120 1.10 0.15 - - -

273.00 274.50N199121 1.50 -0.01 - - -

274.50 276.00N199122 1.50 -0.01 - - -

276.00 277.50N199501 1.50 0.02 - - -

277.50 279.00N199502 1.50 -0.01 - - -

279.00 280.50N199503 1.50 0.01 - - -

280.50 282.00N199504 1.50 0.01 - - -

282.00 283.50N199505 1.50 -0.01 - - -

283.50 285.00N199506 1.50 -0.01 - - -

291.00 292.50N199123 1.50 -0.01 - - -

292.50 293.50N199124 1.00 -0.01 - - -

293.50 294.00N199126 0.50 0.18 - - -

294.00 295.50N199127 1.50 -0.01 - - -

295.50 297.00N199128 1.50 -0.01 - - -

303.00 304.00N199507 1.00 -0.01 - - -

304.00 305.00N199508 1.00 0.03 - - -

305.00 306.00N199510 1.00 0.99 - - -

306.00 307.00N199511 1.00 -0.01 - - -

318.00 319.00N199512 1.00 -0.01 - - -

319.00 319.40N199513 0.40 -0.01 - - -

319.40 319.70N199514 0.30 0.01 - - -

319.70 321.00N199515 1.30 -0.01 - - -

11-Jul-12 9:39:34 AM Page 6 of 8

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

321.00 322.00N199516 1.00 -0.01 - - -

322.00 323.00N199517 1.00 -0.01 - - -

323.00 324.00N199518 1.00 -0.01 - - -

333.00 334.50N199519 1.50 -0.01 - - -

334.50 335.00N199520 0.50 -0.01 - - -

335.00 335.30N199521 0.30 0.06 - - -

335.30 336.00N199523 0.70 0.01 - - -

336.00 337.50N199524 1.50 -0.01 - - -

337.50 338.50N199527 1.00 0.04 - - -

338.50 339.00N199526 0.50 6.62 - - -

339.00 339.50N199528 0.50 0.28 - - -

339.50 340.00N199530 0.50 0.08 - - -

340.00 341.00N199531 1.00 0.03 - - -

341.00 342.00N199532 1.00 -0.01 - - -

342.00 343.50N199533 1.50 -0.01 - - -

343.50 344.00N199534 0.50 -0.01 - - -

344.00 344.40N199535 0.40 0.33 - - -

344.40 345.00N199536 0.60 -0.01 - - -

345.00 346.50N199538 1.50 -0.01 - - -

346.50 348.00N199539 1.50 -0.01 - - -

242.60 243.60 CSCH

Minor Interval:

Chlorite Schist

246.80 247.50 CSCH

Minor Interval:

Chlorite Schist

252.00 253.00 CSCH

Minor Interval:

Chlorite Schist

11-Jul-12 9:39:34 AM Page 7 of 8

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

316.40 317.50 DIOR

Blark green. Massive. Strong pervasive chloritization. Sharp upper contact @ 30 LCA. Sharp lower contact @ 30 LCA.

Minor Interval:

Diorite

351.00 0.00 EOH End of Hole

11-Jul-12 9:39:34 AM Page 8 of 8

HEADER REPORT



Deviation Tests

69.00 43.30 -60.00

72.00 43.80 -60.10

75.00 43.70 -60.10

78.00 44.00 -60.10

81.00 44.00 -60.10

84.00 43.90 -60.00

87.00 44.40 -60.10

90.00 44.70 -60.10

93.00 44.80 -60.10

96.00 44.90 -60.10

99.00 45.90 -60.40

102.00 45.20 -60.10

105.00 45.50 -60.10

108.00 45.60 -60.10

111.00 45.80 -60.20

114.00 45.90 -60.10

117.00 46.10 -60.20

120.00 45.30 -59.80

123.00 46.50 -60.10

126.00 46.70 -60.10

129.00 46.90 -60.10

132.00 46.60 -59.90

135.00 47.30 -60.10

138.00 47.40 -60.20

141.00 47.70 -60.10

144.00 47.70 -60.00

147.00 47.80 -59.90

150.00 47.80 -59.80

153.00 48.10 -59.80

156.00 48.30 -59.80

159.00 48.30 -59.80

162.00 48.40 -59.80


Deviation Tests

165.00 48.80 -59.80

168.00 49.00 -59.90

171.00 49.10 -59.80

174.00 49.30 -59.80

177.00 49.50 -59.70

180.00 49.80 -59.70

183.00 50.00 -59.60

186.00 50.10 -59.60

189.00 50.40 -59.60

192.00 50.80 -59.60

195.00 50.80 -59.60

198.00 51.00 -59.60

201.00 51.10 -59.60

204.00 51.30 -59.60

207.00 51.60 -59.60

210.00 51.90 -59.50

213.00 51.90 -59.40

216.00 52.30 -59.40

219.00 52.60 -59.40

222.00 52.70 -59.30

225.00 52.90 -59.30

228.00 53.20 -59.20

231.00 53.40 -59.20

234.00 53.80 -59.20

237.00 54.10 -59.20

240.00 54.20 -59.20

243.00 54.50 -59.10

246.00 54.70 -59.00

249.00 54.90 -59.00

252.00 55.10 -58.80

255.00 55.40 -58.80

258.00 55.70 -58.80

Page 2 of 312-Jul-12 11:36:42 AM

HEADER REPORT



Deviation Tests

261.00 55.70 -58.70

264.00 55.90 -58.70

267.00 56.20 -58.70

270.00 56.40 -58.70

273.00 56.50 -58.70

276.00 56.70 -58.70

279.00 56.80 -58.70

282.00 57.00 -58.70

285.00 57.30 -58.80

288.00 57.30 -58.70

291.00 57.60 -58.70

294.00 57.80 -58.70

297.00 57.90 -58.70

300.00 58.30 -58.70

303.00 58.40 -58.70

306.00 58.70 -58.70

309.00 58.80 -58.70

312.00 59.00 -58.70

315.00 59.10 -58.70

318.00 59.30 -58.70

321.00 59.50 -58.70

324.00 59.50 -58.70

327.00 59.80 -58.60

330.00 59.90 -58.60

333.00 60.30 -58.60

336.00 60.30 -58.60

339.00 60.60 -58.60

342.00 60.70 -58.50

345.00 61.00 -58.50

348.00 61.10 -58.50

351.00 61.40 -58.60

Page 3 of 312-Jul-12 11:36:42 AM

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv


6.00 61.80 GRDR

Fine to medium-grained. Plagioclase-phyric (white euhedral spots plagioclase). Strong chlorite alteration. Weak sericite and epidote alteration filling fracture. Rare sulphide traces (pyrite) throughout the unit. Sharp lower contact @ 40-45 CA.

Granodiorite 57.00 58.50N199232 1.50 0.08 - - -

58.50 60.00N199233 1.50 -0.01 - - -

60.00 61.00N199234 1.00 0.17 - - -

61.00 61.80N199235 0.80 0.03 - - - Alteration Maj: Type/Style/Intensity Comment

6.00 - 61.80 Ser SP W

6.00 - 61.80 EP SP W

6.00 - 61.80 CHL F M

61.80 65.85 QTZ

White quartz and white quartz-tourmaline- carbonate veins, locally 1-3 % wispy tourmaline inclusions within quartz veins, locally tourmaline exceeds 10% (30-40 %). Trace to 1 % anhedral disseminated pyrite, locally veinlet form . Sharp upper contact @ 45 LCA. Crushed lower contact.

Quartz Vein 61.80 63.00N199236 1.20 -0.01 - - -

63.00 63.60N199238 0.60 -0.01 - - -

63.60 64.10N199239 0.50 0.18 - - -

64.10 64.50N199240 0.40 0.02 - - -

64.50 65.00N199241 0.50 0.06 - - -

65.00 65.85N199242 0.85 0.01 - - -

Mineralization Maj. : Type/Style/%Mineral Comment61.80 - 65.85 PY DIS 1 Visible at the margins of the vein/veinlets

65.85 351.00 GRDR

Fine to medium-grained, equigranular?. Moderate to strong silicification. Chlorite alteration, locally fracture controlled. Weak sericite and epidote alteration. White quartz carbonate veins. Flat veins zones:(From 254.00m to 255.00m: numerous flat quartz veins (1-2 cm wide); From 256.70m to 257.20m: a 4 cm wide flat quartz vein; From 267.00 m to 273.00 m: numerous flat quartz veins/veinlets (1-4 cm) wide. From 305.00m to 306.00 m: 2 cm wide flat quartz vein; From 312.00m to 312.50m: a flat quartz-toourmaline vein (5 cm wide). Inter material generally composed of chlorite schist or diorite; From 338.50

Granodiorite 65.85 67.00N199244 1.15 -0.01 - - -

67.00 68.00N199245 1.00 0.06 - - -

68.00 69.00N199246 1.00 -0.01 - - -

69.00 70.00N199247 1.00 -0.01 - - -

70.00 71.00N199248 1.00 0.01 - - -

11-Jul-12 9:39:53 AM Page 1 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

to 339.00m : a 2-4 cm wide flat quartz vein) . Various pyrite and tourmaline concentrations and forms.Crushed lower contact.

71.00 72.00N199249 1.00 -0.01 - - -

72.00 73.00N199251 1.00 0.08 - - -

73.00 73.60N199252 0.60 0.01 - - -

73.60 74.00N199253 0.40 0.18 - - -

74.00 75.00N199254 1.00 0.01 - - -

75.00 76.00N199256 1.00 -0.01 - - -

76.00 77.00N199257 1.00 -0.01 - - -

77.00 78.00N199258 1.00 0.02 - - -

78.00 79.50N199259 1.50 0.01 - - -

79.50 81.00N199260 1.50 0.02 - - -

85.00 85.50N199540 0.50 -0.01 - - -

85.50 87.00N199541 1.50 -0.01 - - -

87.00 88.50N199542 1.50 -0.01 - - -

88.50 89.30N199543 0.80 -0.01 - - -

89.30 90.00N199544 0.70 -0.01 - - -

90.00 91.50N199545 1.50 -0.01 - - -

91.50 91.90N199546 0.40 1.65 - - -

91.90 92.20N199547 0.30 0.57 - - -

92.20 93.00N199548 0.80 -0.01 - - -

93.00 94.50N199549 1.50 -0.01 - - -

94.50 96.00N199551 1.50 1.60 - - -

96.00 97.50N199552 1.50 0.01 - - -

97.50 98.20N199553 0.70 0.11 - - -

98.20 99.00N199555 0.80 -0.01 - - -

99.00 100.00N199556 1.00 0.01 - - -

100.00 101.00N199557 1.00 -0.01 - - -

101.00 101.50N199558 0.50 0.01 - - -


65.85 - 351.00 Carb P M From 290.00 to 340.00m: quartz-carbonate veinlets crosscutting the unit.

65.85 - 351.00 Alb VN M Moderate to intense; generally @ vein/veinlets margins

65.85 - 351.00 CHL P I

Mineralization Maj. : Type/Style/%Mineral Comment106.85 - 108.00 PY DIS 3 1-3 % disseminated pyrite, locally fibrous

129.00 - 129.30 PY VN 0 Trace to 1%; visible @ the vein margins

151.40 - 151.60 PY VN 1 @ the vein margins

198.70 - 199.10 PY VN 0 Traces pyrite

250.50 - 260.00 PY DIS 2 1-2 % disseminated pyrite, locally fibrous; numerous flat quartz vein/veinlets associated

Structure Maj.: Type/Core Angle Comment74.00 - 75.00 VN 5 5-10 LCA. Flat quartz vein, 1 cm wide, numerous thin

veinlets quartz-tourmaline-carbonate cross-cutting.

87.00 - 90.00 VN 35 A quartz-tourmaline zone

129.00 - 129.30 VN 30 White quartz vein+ semi massive tourmalization and disseminated pyritization

11-Jul-12 9:39:53 AM Page 2 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

101.50 102.00N199559 0.50 0.04 - - -

102.00 102.40N199560 0.40 0.19 - - -

102.40 103.50N199561 1.10 -0.01 - - -

103.50 105.00N199562 1.50 -0.01 - - -

105.00 106.00N199563 1.00 -0.01 - - -

106.00 106.85N199564 0.85 0.01 - - -

106.85 108.00N199565 1.15 1.40 - - -

108.00 109.00N199567 1.00 0.03 - - -

109.00 110.00N199568 1.00 0.65 - - -

110.00 111.00N199570 1.00 0.04 - - -

111.00 112.50N199261 1.50 -0.01 - - -

112.50 113.50N199262 1.00 0.02 - - -

113.50 114.00N199263 0.50 0.18 - - -

114.00 115.50N199264 1.50 0.01 - - -

115.50 117.00N199265 1.50 0.01 - - -

117.00 118.50N199266 1.50 0.03 - - -

118.50 120.00N199267 1.50 0.02 - - -

120.00 121.00N199268 1.00 0.05 - - -

121.00 122.50N199269 1.50 0.05 - - -

122.50 123.00N199270 0.50 2.13 - - -

123.00 124.50N199272 1.50 0.02 - - -

124.50 126.00N199273 1.50 0.01 - - -

126.00 126.80N199571 0.80 -0.01 - - -

126.80 127.50N199572 0.70 -0.01 - - -

127.50 128.50N199573 1.00 -0.01 - - -

128.50 129.00N199574 0.50 0.04 - - -

129.00 129.70N199576 0.70 0.06 - - -

11-Jul-12 9:39:53 AM Page 3 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

129.70 130.50N199578 0.80 -0.01 - - -

130.50 132.00N199579 1.50 0.01 - - -

132.00 132.50N199580 0.50 -0.01 - - -

132.50 133.60N199581 1.10 -0.01 - - -

133.60 134.00N199582 0.40 -0.01 - - -

134.00 135.00N199583 1.00 -0.01 - - -

135.00 136.50N199584 1.50 -0.01 - - -

136.50 138.00N199585 1.50 -0.01 - - -

144.00 145.00N199586 1.00 -0.01 - - -

145.00 145.50N199587 0.50 -0.01 - - -

145.50 147.00N199588 1.50 -0.01 - - -

147.00 148.50N199589 1.50 -0.01 - - -

148.50 149.00N199590 0.50 -0.01 - - -

149.00 150.00N199591 1.00 -0.01 - - -

150.00 151.00N199592 1.00 -0.01 - - -

151.00 151.40N199593 0.40 0.03 - - -

151.40 152.50N199595 1.10 -0.01 - - -

152.50 153.00N199596 0.50 -0.01 - - -

153.00 154.00N199597 1.00 -0.01 - - -

159.00 160.50N199598 1.50 -0.01 - - -

160.50 161.00N199599 0.50 -0.01 - - -

161.00 162.00N199601 1.00 -0.01 - - -

162.00 163.00N199602 1.00 -0.01 - - -

163.00 164.00N199603 1.00 -0.01 - - -

164.00 165.00N199216 1.00 -0.01 - - -

165.00 166.00N199217 1.00 -0.01 - - -

166.00 167.20N199218 1.20 0.01 - - -

11-Jul-12 9:39:53 AM Page 4 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

167.20 168.00N199219 0.80 -0.01 - - -

168.00 169.50N199220 1.50 -0.01 - - -

169.50 171.00N199221 1.50 -0.01 - - -

171.00 172.00N199222 1.00 0.02 - - -

172.00 173.00N199223 1.00 0.01 - - -

173.00 174.00N199224 1.00 -0.01 - - -

174.00 175.50N199226 1.50 0.02 - - -

175.50 177.00N199227 1.50 -0.01 - - -

177.00 178.00N199228 1.00 -0.01 - - -

178.00 179.00N199229 1.00 -0.01 - - -

179.00 180.00N199230 1.00 -0.01 - - -

180.00 181.00N199231 1.00 -0.01 - - -

181.00 182.00N199604 1.00 -0.01 - - -

182.00 183.00N199605 1.00 -0.01 - - -

183.00 184.50N199606 1.50 -0.01 - - -

184.50 185.40N199607 0.90 -0.01 - - -

185.40 186.00N199608 0.60 -0.01 - - -

186.00 187.50N199610 1.50 -0.01 - - -

187.50 189.00N199611 1.50 -0.01 - - -

195.00 196.50N199616 1.50 -0.01 - - -

196.50 198.00N199617 1.50 -0.01 - - -

198.00 198.70N199612 0.70 -0.01 - - -

198.70 199.10N199613 0.40 -0.01 - - -

199.10 200.00N199614 0.90 -0.01 - - -

200.00 201.00N199615 1.00 -0.01 - - -

222.00 222.70N199619 0.70 -0.01 - - -

222.70 223.50N199620 0.80 -0.01 - - -

11-Jul-12 9:39:53 AM Page 5 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

223.50 224.10N199621 0.60 -0.01 - - -

224.10 224.70N199622 0.60 0.28 - - -

224.70 226.00N199623 1.30 -0.01 - - -

226.00 227.50N199624 1.50 -0.01 - - -

227.50 227.90N199626 0.40 0.80 - - -

227.90 229.00N199627 1.10 -0.01 - - -

229.00 230.00N199628 1.00 0.13 - - -

230.00 231.00N199629 1.00 0.02 - - -

231.00 232.00N199630 1.00 0.01 - - -

232.00 233.00N199632 1.00 -0.01 - - -

233.00 234.00N199633 1.00 -0.01 - - -

234.00 235.00N199634 1.00 -0.01 - - -

235.00 236.00N199635 1.00 -0.01 - - -

236.00 237.00N199637 1.00 0.01 - - -

237.00 238.50N199638 1.50 -0.01 - - -

238.50 240.00N199639 1.50 -0.01 - - -

240.00 241.50N199640 1.50 -0.01 - - -

241.50 243.00N199641 1.50 -0.01 - - -

243.00 244.50N199642 1.50 0.01 - - -

244.50 245.00N199643 0.50 0.08 - - -

245.00 246.00N199644 1.00 0.08 - - -

246.00 247.00N199645 1.00 0.04 - - -

247.00 248.00N199646 1.00 0.01 - - -

248.00 249.00N199647 1.00 0.06 - - -

249.00 249.50N199648 0.50 0.53 - - -

249.50 251.00N199649 1.50 0.01 - - -

251.00 252.00N199651 1.00 0.08 - - -

11-Jul-12 9:39:54 AM Page 6 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

252.00 253.00N199652 1.00 0.22 - - -

253.00 254.00N199653 1.00 0.40 - - -

254.00 255.00N199654 1.00 0.03 - - -

255.00 256.00N199656 1.00 0.01 - - -

256.00 256.70N199657 0.70 0.04 - - -

256.70 257.20N199658 0.50 0.33 - - -

257.20 258.00N199660 0.80 0.11 - - -

258.00 259.00N199661 1.00 0.01 - - -

259.00 260.00N199662 1.00 0.01 - - -

260.00 261.00N199663 1.00 -0.01 - - -

267.00 268.50N199664 1.50 0.01 - - -

268.50 270.00N199665 1.50 0.53 - - -

270.00 271.50N199666 1.50 0.03 - - -

271.50 273.00N199667 1.50 0.01 - - -

273.00 274.50N199668 1.50 0.05 - - -

274.50 276.00N199669 1.50 1.19 - - -

276.00 277.00N199670 1.00 0.03 - - -

277.00 278.00N199671 1.00 -0.01 - - -

278.00 279.00N199672 1.00 -0.01 - - -

279.00 280.00N199673 1.00 -0.01 - - -

287.00 288.00N199674 1.00 -0.01 - - -

288.00 288.70N199676 0.70 -0.01 - - -

288.70 289.10N199677 0.40 -0.01 - - -

289.10 289.50N199679 0.40 -0.01 - - -

289.50 291.00N199680 1.50 -0.01 - - -

291.00 292.00N199681 1.00 -0.01 - - -

292.00 293.00N199682 1.00 -0.01 - - -

11-Jul-12 9:39:54 AM Page 7 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

293.00 293.50N199683 0.50 -0.01 - - -

293.50 294.00N199684 0.50 -0.01 - - -

294.00 295.00N199686 1.00 -0.01 - - -

295.00 296.00N199687 1.00 -0.01 - - -

296.00 297.00N199688 1.00 -0.01 - - -

310.00 311.00N199689 1.00 -0.01 - - -

311.00 312.00N199690 1.00 -0.01 - - -

312.00 312.50N199691 0.50 -0.01 - - -

312.50 314.00N199692 1.50 -0.01 - - -

314.00 315.00N199693 1.00 -0.01 - - -

329.00 330.00N199694 1.00 -0.01 - - -

330.00 330.50N199695 0.50 -0.01 - - -

330.50 331.00N199696 0.50 -0.01 - - -

331.00 332.00N199697 1.00 -0.01 - - -

332.00 333.00N199698 1.00 -0.01 - - -

339.00 340.50N199699 1.50 -0.01 - - -

340.50 342.00N199701 1.50 0.03 - - -

342.00 343.50N199702 1.50 0.07 - - -

343.50 344.20N199703 0.70 0.07 - - -

344.20 344.50N199704 0.30 1.41 - - -

344.50 345.00N199706 0.50 0.34 - - -

345.00 346.00N199707 1.00 0.15 - - -

346.00 347.00N199708 1.00 0.01 - - -

347.00 348.00N199709 1.00 0.01 - - -

348.00 348.90N199711 0.90 0.01 - - -

348.90 349.40N199712 0.50 5.70 - - -

349.40 350.00N199713 0.60 0.01 - - -

11-Jul-12 9:39:54 AM Page 8 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

350.00 351.00N199714 1.00 0.01 - - -

167.20 171.00 DIOR

Sharp upper sub horizontal contact ( @ 0-5 LCA).

Minor Interval:

Diorite/chlorite schist

302.00 302.90 DIOR

Minor Interval:

Diorite

207.10 209.40 CSCH

Dark green. Moderate schistosity @ 20-25 CA. Sharp upper contact @ 30 CA. Sharp lower contact @ 35 CA.

Minor Interval:

Chlorite Schist

Alteration Min: Type/Style/Intensity Comment207.10 - 209.40 CHL P I

209.40 0.00

Minor Interval:

11-Jul-12 9:39:54 AM Page 9 of 9

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv


6.00 13.40 GRDR

Fine to medium-grained. Plagioclase-phyric (white euhedral spots plagioclase). Strong chlorite alteration. Weak sericite and epidote alteration filling fracture; locally weak hematization. Rare sulphide traces (pyrite) throughout the unit. Sharp irregular upper contact @ 30 CA.

Granodiorite 6.00 7.00N199715 1.00 0.02 - - -

7.00 8.00N199716 1.00 0.01 - - -

8.00 9.00N199717 1.00 0.01 - - -

9.00 10.00N199718 1.00 0.05 - - -

10.00 11.00N199719 1.00 0.13 - - -

11.00 12.00N199720 1.00 0.04 - - -

12.00 13.40N199721 1.40 0.23 - - -


6.00 - 13.40 CHL P I

Mineralization Maj. : Type/Style/%Mineral Comment6.00 - 13.40 PY TR 0

13.40 16.50 QTZ

White quartz vein and dirty white quartz carbonate vein. Locally tourmaline inclusions wthin quartz vein/veinlet. Inter vein material generally composed of chlorite schist. Trace to 1% pyrite (anhedral, disseminated and stringers within the chlorite schist material). Sharp irregular upper contact @ 30 CA. Sharp lower contact @ 30 CA.

Quartz Vein 13.40 14.00N199722 0.60 0.03 - - -

14.00 15.00N199723 1.00 0.04 - - -

15.00 16.50N199724 1.50 0.02 - - -

16.50 168.00 GRDR

Fine to medium-grained, equigranular?. Moderate to strong silicification. Chlorite alteration, locally fracture controlled. Weak sericite and epidote alteration. White quartz carbonate veins.Flat quartz vein zones: (From 141.00 m to 145.00 m; from 303.85m to 304.60m: a 2-4 cm wide flat quartz-tourmaline veinlet. Various pyrite and tourmaline concentrations and forms. Sharp upper contact @ 30 CA.

Granodiorite 16.50 17.00N199726 0.50 0.02 - - -

17.00 18.00N199728 1.00 0.03 - - -

18.00 19.00N199729 1.00 0.02 - - -

19.00 20.00N199730 1.00 0.01 - - -

20.00 21.00N199731 1.00 -0.01 - - -

21.00 22.00N199732 1.00 -0.01 - - -

22.00 23.00N199733 1.00 -0.01 - - -

23.00 24.00N199734 1.00 -0.01 - - -


16.50 - 168.00 Sil S Local

16.50 - 168.00 EP P W

11-Jul-12 9:41:06 AM Page 1 of 6

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

24.00 25.50N199735 1.50 -0.01 - - -

25.50 27.00N199736 1.50 -0.01 - - -

27.00 28.00N199737 1.00 -0.01 - - -

28.00 28.50N199738 0.50 -0.01 - - -

28.50 30.00N199739 1.50 0.09 - - -

30.00 31.00N199740 1.00 0.03 - - -

31.00 32.00N199741 1.00 0.06 - - -

32.00 33.00N199742 1.00 -0.01 - - -

33.00 34.50N199744 1.50 0.05 - - -

34.50 35.00N199745 0.50 0.13 - - -

35.00 36.00N199746 1.00 -0.01 - - -

36.00 37.50N199747 1.50 0.09 - - -

37.50 38.40N199748 0.90 0.01 - - -

38.40 38.70N199749 0.30 0.82 - - -

38.70 40.00N199451 1.30 0.04 - - -

40.00 41.00N199452 1.00 0.01 - - -

41.00 41.80N199453 0.80 -0.01 - - -

41.80 42.20N199454 0.40 0.40 - - -

42.20 43.00N199455 0.80 -0.01 - - -

43.00 44.00N199456 1.00 -0.01 - - -

48.00 49.50N199457 1.50 -0.01 - - -

49.50 50.30N199458 0.80 0.01 - - -

50.30 50.60N199459 0.30 0.01 - - -

50.60 51.00N199460 0.40 0.18 - - -

51.00 52.50N199461 1.50 -0.01 - - -

52.50 54.00N199462 1.50 -0.01 - - -

54.00 54.80N199463 0.80 0.02 - - -

16.50 - 168.00 Ser P W

16.50 - 168.00 Carb VN W

16.50 - 168.00 Alb P M @ veins/veinlets margins

16.50 - 168.00 CHL P I

Mineralization Maj. : Type/Style/%Mineral Comment59.50 - 60.00 PY TR 0

60.00 - 70.80 PY TR 0 quartz-tourmaline associated+ strong albitization

87.00 - 87.50 PY TR 0 Granodiorite-chlorito schist contact; locally more than trace

92.90 - 93.65 PY DIS 1 contact granodiorite-diorite chlorite-schist

106.80 - 107.20 PY DIS 0 strong albitizatin associated

109.50 - 110.00 PY DIS 0 Coarsed-grained pyrite

120.00 - 120.50 PY DIS 1 Moderate to strong albitization

141.00 - 145.00 PY DIS 2 1-2% disseminated pyrite, locally fracture filling (from 165.50m to 166.00m).

141.00 - 145.00 TOM VN 20 Quartz-tourmaline zone

164.00 - 164.55 PY TR 0

165.50 - 166.00 PY FF 1

Structure Maj.: Type/Core Angle Comment38.40 - 38.70 VN 60 White quartz vein

123.00 - 126.00 SHR 15

127.20 - 127.85 VN 40

132.70 - 133.00 VN 50

11-Jul-12 9:41:07 AM Page 2 of 6

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

54.80 55.10N199464 0.30 0.06 - - -

55.10 55.50N199466 0.40 -0.01 - - -

55.50 57.00N199467 1.50 -0.01 - - -

57.00 58.50N199468 1.50 -0.01 - - -

58.50 59.50N199469 1.00 -0.01 - - -

59.50 60.00N199470 0.50 0.46 - - -

60.00 61.50N199472 1.50 -0.01 - - -

61.50 63.00N199473 1.50 0.01 - - -

66.00 67.00N199474 1.00 -0.01 - - -

67.00 68.00N199476 1.00 -0.01 - - -

68.00 68.50N199477 0.50 0.18 - - -

68.50 69.00N199479 0.50 -0.01 - - -

69.00 70.00N199480 1.00 -0.01 - - -

70.00 70.80N199481 0.80 0.08 - - -

70.80 72.00N199482 1.20 -0.01 - - -

72.00 73.50N199483 1.50 -0.01 - - -

85.00 87.00N199484 2.00 -0.01 - - -

87.00 87.50N199485 0.50 -0.01 - - -

87.50 88.50N199487 1.00 0.01 - - -

88.50 90.00N199488 1.50 -0.01 - - -

90.00 91.50N199489 1.50 -0.01 - - -

91.50 92.90N199490 1.40 0.01 - - -

92.90 93.65N199491 0.75 -0.01 - - -

93.65 94.50N199492 0.85 -0.01 - - -

94.50 96.00N199493 1.50 -0.01 - - -

99.00 100.50N199494 1.50 0.01 - - -

100.50 101.00N199495 0.50 0.27 - - -

11-Jul-12 9:41:07 AM Page 3 of 6

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

101.00 102.00N199496 1.00 0.03 - - -

102.00 102.50N199497 0.50 0.15 - - -

102.50 104.00N199498 1.50 -0.01 - - -

104.00 105.00N199499 1.00 -0.01 - - -

105.00 105.70N200001 0.70 -0.01 - - -

105.70 106.00N200002 0.30 0.26 - - -

106.00 106.80N200003 0.80 0.02 - - -

106.80 107.20N200004 0.40 1.03 - - -

107.20 108.00N200006 0.80 -0.01 - - -

108.00 109.50N200007 1.50 -0.01 - - -

109.50 110.00N200008 0.50 0.04 - - -

110.00 111.00N200009 1.00 -0.01 - - -

117.00 118.00N200010 1.00 -0.01 - - -

118.00 118.50N200011 0.50 0.05 - - -

118.50 120.00N200012 1.50 -0.01 - - -

120.00 120.50N200013 0.50 0.36 - - -

120.50 121.50N200015 1.00 0.75 - - -

121.50 123.00N200016 1.50 0.20 - - -

123.00 124.50N200017 1.50 0.31 - - -

124.50 126.00N200018 1.50 0.08 - - -

126.00 127.20N200019 1.20 0.15 - - -

127.20 127.85N200020 0.65 0.11 - - -

127.85 129.00N200021 1.15 0.04 - - -

129.00 130.50N200022 1.50 0.25 - - -

130.50 132.00N200023 1.50 0.06 - - -

132.00 132.70N200024 0.70 0.12 - - -

132.70 133.00N200026 0.30 0.12 - - -

11-Jul-12 9:41:07 AM Page 4 of 6

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

133.00 134.00N200028 1.00 0.15 - - -

134.00 135.00N200029 1.00 0.05 - - -

138.00 139.00N200030 1.00 0.03 - - -

139.00 140.00N200031 1.00 0.36 - - -

140.00 141.00N200032 1.00 0.45 - - -

141.00 142.00N200033 1.00 0.26 - - -

142.00 143.00N200035 1.00 1.29 - - -

143.00 144.00N200036 1.00 0.30 - - -

144.00 145.00N200037 1.00 0.80 - - -

145.00 146.00N200038 1.00 0.10 - - -

146.00 147.00N200039 1.00 0.02 - - -

147.00 148.50N200040 1.50 -0.01 - - -

148.50 150.00N200041 1.50 -0.01 - - -

150.00 151.50N200042 1.50 0.01 - - -

151.50 153.00N200043 1.50 0.01 - - -

153.00 154.00N200044 1.00 0.01 - - -

154.00 155.00N200045 1.00 0.03 - - -

155.00 156.00N200046 1.00 0.08 - - -

156.00 157.00N200047 1.00 -0.01 - - -

157.00 158.00N200048 1.00 0.02 - - -

158.00 159.00N200049 1.00 -0.01 - - -

159.00 160.00N200051 1.00 -0.01 - - -

160.00 161.00N200052 1.00 -0.01 - - -

161.00 162.00N200053 1.00 0.01 - - -

162.00 163.00N200054 1.00 -0.01 - - -

163.00 164.00N200055 1.00 0.07 - - -

164.00 164.55N200056 0.55 33.80 27.50 - 36.60

11-Jul-12 9:41:07 AM Page 5 of 6

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

164.55 165.50N200057 0.95 0.10 - - -

165.50 166.00N200058 0.50 4.06 - 4.17 -

166.00 167.00N200060 1.00 0.41 - - -

167.00 168.00N200062 1.00 0.02 - - -

87.50 92.90 CSCH

Minor Interval:

Chlorite Schist

11-Jul-12 9:41:07 AM Page 6 of 6

HEADER REPORT

Hole Number RG12-04B Project: REGCOURT 001Project Number:


Deviation Tests

51.00 44.70 -54.40

54.00 44.90 -54.50

57.00 44.80 -54.40

60.00 44.80 -54.30

63.00 44.50 -54.20

66.00 44.80 -54.30

69.00 44.80 -54.30

72.00 44.80 -54.30

75.00 44.80 -54.20

78.00 44.80 -54.20

81.00 44.90 -54.20

84.00 45.00 -54.20

87.00 45.00 -54.10

90.00 45.00 -54.10

93.00 45.10 -54.10

96.00 44.90 -54.00

99.00 45.00 -54.00

102.00 45.00 -54.10

105.00 45.00 -54.00

108.00 44.90 -54.00

111.00 44.90 -54.00

114.00 45.00 -53.90

117.00 45.00 -53.90

120.00 44.90 -53.80

123.00 45.00 -53.80

126.00 44.90 -53.80

129.00 45.10 -53.80

132.00 45.10 -53.70

135.00 45.10 -53.70

138.00 45.20 -53.70

141.00 45.30 -53.70

144.00 45.30 -53.60


Deviation Tests

147.00 45.30 -53.60

150.00 45.50 -53.70

153.00 45.40 -53.60

156.00 45.60 -53.60

159.00 45.50 -53.60

162.00 45.50 -53.60

165.00 45.50 -53.50

168.00 45.70 -53.50

171.00 45.60 -53.50

174.00 45.70 -53.50

177.00 45.80 -53.40

180.00 45.80 -53.40

183.00 45.80 -53.40

186.00 45.80 -53.40

189.00 45.80 -53.40

192.00 45.80 -53.30

195.00 45.90 -53.30

198.00 46.50 -53.50

201.00 45.90 -53.20

204.00 45.90 -53.20

207.00 46.00 -53.20

210.00 47.20 -53.30

213.00 47.30 -53.20

216.00 47.20 -53.20

219.00 47.30 -53.20

222.00 47.30 -53.20

225.00 47.30 -53.10

228.00 47.30 -53.10

231.00 47.30 -53.10

234.00 47.20 -53.00

237.00 47.10 -53.00

240.00 47.30 -53.00

Page 2 of 312-Jul-12 11:37:10 AM

HEADER REPORT



Deviation Tests

243.00 47.10 -52.90

246.00 47.30 -53.00

249.00 47.30 -53.00

252.00 47.50 -53.00

255.00 47.20 -52.90

258.00 47.50 -52.90

261.00 47.60 -52.90

264.00 47.60 -52.90

267.00 47.50 -52.90

270.00 47.30 -52.90

273.00 47.30 -52.90

276.00 47.40 -52.90

279.00 47.00 -52.70

282.00 47.40 -52.90

285.00 47.40 -52.80

288.00 47.30 -52.80

291.00 47.40 -52.80

294.00 47.40 -52.70

297.00 47.40 -52.70

300.00 47.60 -52.70

303.00 47.50 -52.60

306.00 47.40 -52.60

309.00 47.50 -52.50

312.00 47.50 -52.50

315.00 47.60 -52.40

318.00 47.70 -52.40

321.00 47.60 -52.40

324.00 47.80 -52.30

327.00 47.90 -52.30

330.00 47.80 -52.30

333.00 47.90 -52.30

336.00 47.80 -52.30


Deviation Tests

339.00 47.90 -52.30

342.00 47.80 -52.20

345.00 48.00 -52.20

348.00 48.10 -52.30

351.00 48.10 -52.30

Page 3 of 312-Jul-12 11:37:10 AM

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv


4.50 12.00 GRDR

Fine to medium-grained. Plagioclase-phyric (white euhedral spots plagioclase). Strong chlorite alteration. Weak sericite and epidote alteration filling fracture; locally moderate hematization. Rare sulphide traces (pyrite) throughout the unit. Sharp irregular upper contact @ 40-45 CA.

Granodiorite 4.50 6.00N199129 1.50 0.02 - - -

6.00 7.50N199130 1.50 0.04 - - -

7.50 8.00N199131 0.50 0.05 - - -

8.00 9.00N199132 1.00 0.02 - - -

9.00 10.50N199133 1.50 0.01 - - -

10.50 12.00N199134 1.50 0.10 - - -


4.50 - 12.00 HE VN M

4.50 - 12.00 EP P W

4.50 - 12.00 Ser P W

4.50 - 12.00 CHL P S

Mineralization Maj. : Type/Style/%Mineral Comment4.50 - 12.00 PY DIS 0 Pyrite traces

12.00 14.20 QTZ

White quartz vein and dirty white quartz carbonate vein. Locally tourmaline inclusions wthin quartz vein/veinlet. Inter vein material generally composed of chlorite schist. Trace to 1% pyrite (anhedral, disseminated and stringers within the chlorite schist material). Sharp irregular upper contact @ 40-45 CA. Sharp lower contact @ 45 CA.

Quartz Vein 12.00 13.50N199135 1.50 0.08 - - -

13.50 14.20N199136 0.70 0.24 - - -

Mineralization Maj. : Type/Style/%Mineral Comment12.00 - 14.20 PY DIS 1 trace to 1 %, locally stringers within the chlorite schist

material.

11-Jul-12 9:40:44 AM Page 1 of 10

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

14.20 207.60 GRDR

Fine to medium-grained, equigranular?. Moderate to strong silicification. Chlorite alteration, locally fracture controlled. Weak sericite and epidote alteration. White quartz carbonate veins.Flat quartz vein zones: (From 39.70m to 40.50m; from 140.50m to 141.00m: a 1 cm wide flat quartz-tourmaline veinlet and 1% pyrite (fracture filling); Flat vein/veinlets; ( From 141.00 m to 145.00 m:hydrothermal quartz-tourmaline veins system;). Various pyrite and tourmaline concentrations and forms. Sharp upper contact @ 75 CA.

Granodiorite 14.20 15.00N199138 0.80 0.98 - - -

15.00 16.30N199139 1.30 0.01 - - -

16.30 17.00N199140 0.70 -0.01 - - -

17.00 18.00N199141 1.00 -0.01 - - -

18.00 19.00N199142 1.00 -0.01 - - -

19.00 20.00N199143 1.00 -0.01 - - -

20.00 21.00N199144 1.00 0.01 - - -

21.00 22.50N199145 1.50 -0.01 - - -

22.50 23.50N199146 1.00 0.13 - - -

23.50 24.00N199148 0.50 0.02 - - -

24.00 25.50N199149 1.50 0.02 - - -

25.50 27.00N199151 1.50 -0.01 - - -

27.00 28.50N199152 1.50 -0.01 - - -

28.50 30.00N199153 1.50 0.01 - - -

30.00 30.50N199154 0.50 0.16 - - -

30.50 31.50N199156 1.00 0.01 - - -

31.50 33.00N199157 1.50 0.09 - - -

33.00 34.50N199158 1.50 0.80 - - -

34.50 35.00N199159 0.50 0.05 - - -

35.00 36.00N199160 1.00 -0.01 - - -

36.00 36.40N199161 0.40 0.30 - - -

36.40 37.30N199162 0.90 0.01 - - -

37.30 39.00N200063 1.70 -0.01 - - -

39.00 39.70N200064 0.70 -0.01 - - -

39.70 40.50N200065 0.80 -0.01 - - -

40.50 42.00N200066 1.50 -0.01 - - -

42.00 43.50N200067 1.50 -0.01 - - -

Mineralization Maj. : Type/Style/%Mineral Comment105.00 - 105.50 PY VN 0 Trace pyrite; strong albitization

116.00 - 116.60 PY VN 0 Moderate carbonatization associated

11-Jul-12 9:40:44 AM Page 2 of 10

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

43.50 44.00N200068 0.50 0.15 - - -

44.00 45.00N200069 1.00 -0.01 - - -

45.00 46.00N200070 1.00 -0.01 - - -

70.00 71.00N200071 1.00 -0.01 - - -

71.00 72.00N200072 1.00 -0.01 - - -

72.00 73.00N200073 1.00 -0.01 - - -

73.00 74.00N200074 1.00 -0.01 - - -

74.00 75.00N200076 1.00 -0.01 - - -

75.00 76.00N200077 1.00 0.02 - - -

76.00 77.00N200078 1.00 -0.01 - - -

77.00 78.00N200080 1.00 -0.01 - - -

93.00 94.00N200081 1.00 -0.01 - - -

94.00 94.50N200082 0.50 -0.01 - - -

94.50 95.00N200083 0.50 0.19 - - -

95.00 96.00N200084 1.00 -0.01 - - -

96.00 97.00N200085 1.00 0.01 - - -

97.00 97.50N200086 0.50 0.04 - - -

97.50 98.50N200088 1.00 -0.01 - - -

98.50 99.00N200089 0.50 -0.01 - - -

99.00 100.50N200090 1.50 -0.01 - - -

100.50 102.00N200091 1.50 0.05 - - -

102.00 103.00N200092 1.00 -0.01 - - -

103.00 104.00N199163 1.00 -0.01 - - -

104.00 105.00N199164 1.00 -0.01 - - -

105.00 105.50N199165 0.50 1.55 1.09 - -

105.50 106.50N199167 1.00 -0.01 - - -

106.50 107.10N199168 0.60 -0.01 - - -

11-Jul-12 9:40:44 AM Page 3 of 10

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

107.10 108.00N199169 0.90 -0.01 - - -

108.00 109.50N199170 1.50 -0.01 - - -

109.50 110.50N199171 1.00 0.01 - - -

110.50 111.00N199172 0.50 0.59 - - -

111.00 112.50N199173 1.50 0.77 - - -

112.50 114.00N199174 1.50 -0.01 - - -

114.00 115.50N199176 1.50 0.01 - - -

115.50 116.20N199177 0.70 0.03 - - -

116.20 116.60N199178 0.40 2.39 2.60 - -

116.60 117.00N199180 0.40 0.13 - - -

117.00 118.00N199181 1.00 0.05 - - -

123.50 124.00N199182 0.50 6.76 - 4.01 -

124.00 124.90N199183 0.90 0.02 - - -

124.90 125.50N199184 0.60 0.38 - - -

125.50 127.00N199185 1.50 0.10 - - -

127.00 128.00N199186 1.00 0.17 - - -

128.00 129.00N199187 1.00 0.14 - - -

129.00 130.00N199188 1.00 0.06 - - -

130.00 131.00N199189 1.00 0.21 - - -

131.00 132.00N199191 1.00 0.02 - - -

132.00 133.50N199192 1.50 0.57 - - -

133.50 134.00N199193 0.50 0.06 - - -

134.00 135.00N199194 1.00 -0.01 - - -

135.00 136.00N199195 1.00 -0.01 - - -

136.00 137.00N199196 1.00 -0.01 - - -

137.00 138.00N199197 1.00 -0.01 - - -

138.00 139.00N200093 1.00 0.04 - - -

11-Jul-12 9:40:45 AM Page 4 of 10

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

139.00 140.00N200094 1.00 2.69 2.64 - -

140.00 140.50N200095 0.50 0.07 - - -

140.50 141.00N200096 0.50 0.17 - - -

141.00 141.50N200097 0.50 0.32 - - -

141.50 143.00N200098 1.50 0.01 - - -

143.00 144.00N200099 1.00 -0.01 - - -

144.00 145.50N200101 1.50 0.01 - - -

145.50 147.00N200102 1.50 -0.01 - - -

147.00 148.50N200103 1.50 -0.01 - - -

148.50 149.20N200104 0.70 0.06 - - -

149.20 150.00N200106 0.80 0.01 - - -

150.00 151.50N200107 1.50 0.01 - - -

151.50 153.00N200108 1.50 0.15 - - -

153.00 154.50N200109 1.50 -0.01 - - -

154.50 156.00N200110 1.50 0.01 - - -

156.00 157.40N200111 1.40 0.01 - - -

157.40 158.00N200112 0.60 0.09 - - -

158.00 159.00N200114 1.00 0.10 - - -

159.00 160.50N200115 1.50 0.25 - - -

160.50 161.50N200116 1.00 0.01 - - -

161.50 162.00N200117 0.50 0.03 - - -

162.00 163.50N200118 1.50 -0.01 - - -

163.50 165.00N200119 1.50 -0.01 - - -

165.00 166.50N200120 1.50 -0.01 - - -

166.50 168.00N200121 1.50 -0.01 - - -

183.00 184.00N200122 1.00 0.01 - - -

184.00 185.00N200123 1.00 -0.01 - - -

11-Jul-12 9:40:45 AM Page 5 of 10

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

185.00 186.00N200124 1.00 0.30 - - -

186.00 187.50N200126 1.50 0.02 - - -

187.50 188.00N200127 0.50 0.17 - - -

188.00 189.00N200129 1.00 -0.01 - - -

189.00 190.00N200130 1.00 -0.01 - - -

205.50 207.00N199198 1.50 0.04 - - -

207.00 207.60N199199 0.60 0.48 - - -

77.00 84.60 CSCH

Minor Interval:

Chlorite Schist/Diorite

158.00 160.50 CSCH

Diorite dyke? Sharp upper contact @ 60 CA. Sharp lower contact @ 10-20 CA.

Minor Interval:

Chlorite Schist/Diorite

207.60 209.90 QTZ

White quartz and white quartz-tourmaline- carbonate veins, locally 1-3 % wispy tourmaline inclusions within quartz veins, locally tourmaline exceeds 3% (30-40 %). Trace to 1 % anhedral disseminated pyrite . Sharp upper contact @ 75 CA. Sharp lower contacts @ 30 LCA.

Quartz Vein 207.60 208.50N199201 0.90 0.21 - - -

208.50 210.00N199202 1.50 3.45 1.80 - -

209.90 351.00 GRDR

Fine to medium-grained, equigranular?. Moderate to strong chloritization. Albite alteration (quartz-tourmaline veins margins). Weak sericite and epidote alteration, very locally carbonatization. Flat quartz veins zones: (From 289.00m to 290.00m : with a flat quartz-tourmaline veinlet; From 303.85 m to 304.60m: 2-4 cm wide of a flat quartz-carbonate vein.Sulphide (pyrite) hosted by hydrothermal quartz-tourmaline vein/veinlets and stringers. Sharp upper contact @ 30 LCA.

Granodiorite 210.00 210.70N199204 0.70 2.64 2.77 - -

210.70 211.50N199206 0.80 0.24 - - -

211.50 213.00N199207 1.50 -0.01 - - -

213.00 213.60N199208 0.60 5.28 - 5.52 -

213.60 215.00N199209 1.40 0.03 - - -

215.00 216.00N199210 1.00 0.01 - - -

216.00 217.50N199211 1.50 -0.01 - - -

217.50 218.30N199212 0.80 0.01 - - -


209.90 - 351.00 Carb VN M Locally pervasive selective?

209.90 - 351.00 Alb VN M Perceptible @ th quartz-tourmaline vein/veinlets margins

11-Jul-12 9:40:45 AM Page 6 of 10

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

218.30 219.00N199213 0.70 -0.01 - - -

219.00 220.50N199214 1.50 -0.01 - - -

220.50 221.50N199215 1.00 -0.01 - - -

221.50 222.00N200131 0.50 -0.01 - - -

222.00 223.50N200132 1.50 0.01 - - -

223.50 224.00N200133 0.50 -0.01 - - -

224.00 225.00N200134 1.00 1.03 - - -

225.00 226.00N200135 1.00 0.01 - - -

235.00 235.80N200136 0.80 0.01 - - -

235.80 237.00N200137 1.20 0.01 - - -

237.00 237.70N200138 0.70 0.15 - - -

237.70 238.50N200139 0.80 0.04 - - -

238.50 239.90N200140 1.40 0.27 - - -

239.90 240.50N200141 0.60 0.06 - - -

240.50 241.00N200143 0.50 0.02 - - -

241.00 242.00N200144 1.00 0.02 - - -

242.00 243.00N200145 1.00 -0.01 - - -

243.00 244.00N200146 1.00 -0.01 - - -

260.00 261.00N200147 1.00 0.01 - - -

261.00 262.00N200148 1.00 -0.01 - - -

262.00 262.30N200149 0.30 0.02 - - -

262.30 263.50N200151 1.20 0.01 - - -

263.50 264.00N200152 0.50 0.01 - - -

264.00 265.50N200153 1.50 -0.01 - - -

275.00 276.00N200154 1.00 0.01 - - -

276.00 277.50N200155 1.50 -0.01 - - -

277.50 278.00N200156 0.50 0.22 - - -

209.90 - 351.00 CHL P I Strong to intense locally

Mineralization Maj. : Type/Style/%Mineral Comment262.00 - 262.30 PY DIS 0 Trace, locally veinlet form

277.00 - 278.00 PY SM 0 euhedral isolated crystals in tourmaline veinlet

283.00 - 283.50 PY DIS 0 In tourmaline veinlet mineralization

324.00 - 325.50 PY DIS 1 trace to 1 % disseminated pyrite

337.00 - 337.50 PY VN 0 Trace pyritization

349.50 - 350.00 PY VN 0 euhedral pyrite

Structure Maj.: Type/Core Angle Comment236.70 - 237.00 BX 3-4 cm "blocks"

270.00 - 273.00 SHR 40

11-Jul-12 9:40:45 AM Page 7 of 10

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

278.00 279.00N200158 1.00 -0.01 - - -

279.00 280.00N200159 1.00 0.01 - - -

280.00 281.00N200160 1.00 -0.01 - - -

281.00 282.00N200161 1.00 0.01 - - -

282.00 283.00N200162 1.00 0.10 - - -

283.00 283.50N200163 0.50 0.10 - - -

283.50 284.50N200164 1.00 0.29 - - -

288.00 289.00N200165 1.00 0.01 - - -

289.00 290.00N200166 1.00 0.03 - - -

290.00 291.00N200168 1.00 0.03 - - -

291.00 292.00N200169 1.00 0.01 - - -

300.00 301.50N200170 1.50 0.01 - - -

301.50 303.00N200171 1.50 1.63 1.28 - -

303.00 303.85N200172 0.85 1.07 0.81 - -

303.85 304.60N200173 0.75 0.03 - - -

304.60 306.00N200174 1.40 0.29 - - -

313.00 314.00N200176 1.00 0.02 - - -

314.00 315.00N200177 1.00 0.10 - - -

315.00 315.80N200178 0.80 6.09 - 4.70 -

315.80 317.00N200180 1.20 0.07 - - -

317.00 318.00N200181 1.00 0.03 - - -

318.00 319.00N200182 1.00 0.01 - - -

319.00 319.70N200183 0.70 0.01 - - -

319.70 320.00N200184 0.30 0.52 - - -

320.00 321.00N200185 1.00 0.01 - - -

321.00 322.50N200186 1.50 0.01 - - -

322.50 324.00N200187 1.50 -0.01 - - -

11-Jul-12 9:40:45 AM Page 8 of 10

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

324.00 325.50N200188 1.50 2.40 2.29 - -

325.50 327.00N200190 1.50 0.01 - - -

327.00 328.50N200191 1.50 0.03 - - -

328.50 330.00N200192 1.50 0.05 - - -

330.00 331.00N200193 1.00 -0.01 - - -

331.00 332.00N200194 1.00 -0.01 - - -

332.00 333.00N200195 1.00 0.07 - - -

333.00 333.60N200196 0.60 1.91 2.02 - -

333.60 334.50N200197 0.90 0.02 - - -

334.50 336.00N200198 1.50 0.09 - - -

336.00 337.00N200199 1.00 0.05 - - -

337.00 337.50N200201 0.50 0.18 - - -

337.50 339.00N200203 1.50 0.01 - - -

339.00 340.30N200204 1.30 0.04 - - -

340.30 341.00N200205 0.70 0.50 - - -

341.00 342.00N200206 1.00 0.19 - - -

342.00 343.00N200207 1.00 0.03 - - -

343.00 344.00N200208 1.00 0.31 - - -

344.00 345.00N200209 1.00 0.36 - - -

345.00 346.00N200210 1.00 0.06 - - -

346.00 347.40N200211 1.40 -0.01 - - -

347.40 348.00N200212 0.60 1.43 2.12 - -

348.00 349.50N200213 1.50 0.01 - - -

349.50 350.00N200214 0.50 2.01 1.36 - -

350.00 351.00N200215 1.00 0.02 - - -

235.80 237.00 CSCH

Minor Interval:

Chlorite Schist

11-Jul-12 9:40:45 AM Page 9 of 10

LITHOLOGY REPORT


- Detailed -


Au1(ppm)

F.A.Au2(ppm)

F.A.Au

(ppm)

Grav.Au

(ppm)

M.Seiv

Sharp upper contact @ 20 CA. Sharp lower contact @ 25 CA.

238.50 239.90 DIOR

Dark Green. Massive. Strong chloritization. Sharp upper contact @ 65 CA. Sharp lower contact @ 40 CA.

Minor Interval:

Diorite

303.85 304.60 DIOR

Minor Interval:

Diorite

11-Jul-12 9:40:45 AM Page 10 of 10

APPENDIX V

2012 Drill-hole Sections

(see back pocket)

34

V

VN

V GR

DR PorV

GR

DR

Por

V

V

DIO

R P

or

VN

DIO

R P

or

VN

DIO

R P

or

V

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev

020Looking North-West - Section

Regcourt Property

Drawn by: B. Sinkunas

Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au

Underground Infrastructure

Lithology

Felsic Intrusion

Intermediate Intrusion

Mafic Intrusion

Felsic Volcanic

Intermediate Volcanic

Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

34

V

GRDR PorV V GRDR Por

V VN

V

37

CAS

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

34

CAS

V

37

CAS

V

GR

DR

Por

V

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

37

V

I2D

Por

V

VN

V

I2D

Por

V

GR

DR

V

I3

V

I3

V

I3

V

I3

GR

DR

Por

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

37

GR

DR

Por

V

I3

V

GR

DR

I3

G

RD

R

V

I3

V

I2D

Por

V

GR

DR

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

37

GR

DR

38

GR

DR

V

I3

GR

DR

I3

V

GR

DR

Por

V

GR

DR

V

9

Lava

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

38

V

VN

V

DIO

R

DIO

R Por

V

GR

DR

I3

GR

DR

9

GR

DR

Lava

I3

Lava

I2D P

or

GR

DR

I2D P

or

Lava

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

38

CAS V

9

GR

DR

I3

GR

DR

RG

-11-

04

CAS

GRDR

QTZ

GRDR

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

32

V GR

DR

Por

9

GRDR

I3

GRDR

I3

GRDR

I3

GRD

R

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

10

CAS

GRDR

I3

GRDR

I3

GRDR

24-B

AS

GRDR Por

V

VN

V

32

V GRDR

V

GRDR

I2D Por

GRDR I2D Por

GRDR

V

9

CAS

GRDR

RG

10-09

0.32

CAS

GRDR

DIOR

GRDR

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

10

GRDR

Lava

I2D P

or

Lava

24-B

V

DIO

R P

or

V

32

CAS

GRDR

VN

GRDR

VN

GRDR

VN GRDR

V

RG

-11-07

1.40

0.28

0.40

CAS

GRDR

RG

12-02

0.99

6.620.28

0.33

GRDR

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

24-B

V

DIO

R P

or

V

25

CAS

AGG

32

CAS

RG

10-07

GRDR

RG

-11-06

0.28

0.38

0.430.7510.50

14.60

0.75

0.560.22

0.33

1.49

CAS

GRDR

PR

G-05

PR

G-06

PR

G-07

PR

G-08

RG

12-01

GRDR

GRDR

GRDR

RG

12-02

0.46

0.20GRDR R

G12-03

5.70

GRDR

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

24-B

V

25

AGG

GRDR Por

AGG

GRDR Por

AGG

8

GR

DR

I2D P

or

GR

DR

I2D P

or

RG

10-08

0.41

0.60

0.50

0.25

49.90

0.87

1.07

0.451.261.12

0.61

4.16

0.29

0.76

GRDR

CAS

RG

10-07

0.640.73

1.50

0.59

0.260.220.35

0.20

6.33

14.55

0.530.341.62

GRDR

PR

G-09

PR

G-10

PR

G-11

PR

G-12

RG

12-01

<0.01

<0.01<0.01<0.01<0.01

<0.01

<0.01

<0.01<0.01<0.01

<0.010.25<0.01

<0.01

GRDR

QTZ

DIOR

GRDR R

G12-02

GRDR

GRDR

RG

12-03

1.410.34

GRDR

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

12

CAS

GRDR

23

CAS

GRDR

I3

VN

GRDR

25

AGG

I2D

Por

AG

G

GR

DR

I2D

Por

V

GR

DR

AGG

I3

A

GG

GR

DR

27

CAS

GRDR

28

CAS

GRDR

8

GR

DR

GR

N

GR

DR

CM

- 81-19

CAS

GRDR

GRDR

GRDR

Leached

GRDR

GRDR

QTZ DIOR

GRDR

GRDR

GRDR

UG-34

GR

DR

UG-38

GR

DR

R

G10-07

0.48

0.27

0.32

0.82

CAS

GRDR

PR

G-13

PR

G-34

PR

G-14

PR

G-15

RG

12-01

0.88

1.26GRDR

RG

12-02

0.211.63

1.089.48

0.37

0.50

0.22

1.18

0.230.970.34

GRDR

QTZ

DIOR

GRDR

RG

12-03

0.28

0.80

0.53

0.220.40

0.33

0.53

1.19

GRDR

RG

12-04B

1.91

0.50

0.310.36

1.43

2.01

GRDR

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

11

GRDR

12

GRDR

QTZVN

I3

QTZVN

I3

VN

I3

GRDR

22

I3

GRDR 23

GRDR

I3

G

RDR

I3

GR

DR

I3

G

RDR

25

GR

DR

I3

G

RD

R

I3

GR

DR

27

GRDR

VN

GRDR

28

GRDR

VN

GRDR

VN

GRDR

30

I2D Por GRDR

V I2D Por V

GRDR Por

V 8

I3

GR

DR

CM

- 81-18

CAS

GRDR

GRDR

GRDR

GRDR

GRDR

VN DIOR

GRDR

GRDR

GRDR

GRDR

QTZVN GRDR GRDR

GRDR

GRDR

GRDR

GRDR

VN GRDR

RC

-90-01

CAS

GRDR

UG-34

GR

DR

UG-35

GR

DR

I3

GR

DR

UG-37

GR

DR

I3

GR

DR

UG-38

GR

DR

I3 G

RD

R

I3

GR

DR

RG

10-06

0.65

0.66

0.36

0.61

17.75

14.450.56

1.69

GRDR

DIOR

GRDR

PR

G-16

PR

G-17

PR

G-35

PR

G-18

RG

12-01

0.34

<0.010.47

<0.01

<0.01

GRDR

RG

12-02

CAS

GRDR

QTZ

GRDR

RG

12-03

GRDR

RG

12-04B

0.22

0.29

1.631.07

0.29

6.09

0.52

2.40

GRDR

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

11

CAS

GRDR

QTZVN

GRDR

12

GRDR

I3

G

RDR

VN

GRDR

GRDR

16

CAS

GRDR

22

CAS GRDR

I3

GRDR

I3

GRDR

I3 GRDR

23

GR

DR

I2D

Por

GR

DR

G

RN

I2

D P

or

27

GRDR

VN GRDR

VN GRDR

28

GRDR

I3

GRDR

29

CAS

30

CAS

GRDR

I2D Por

8

GRDR

I3

GR

DR

I3

GR

DR

I3 C

M- 81-04

CAS

GRDR

GRDR

GRDR QTZ GRDR GRDR

GRDR

GRDR

GRDR

GRDR GRDR DIOR GRDR DIOR

GRDR

GRDR

GRDR

VN

GRDR

GRDR

GRDR CM

- 81-05

CAS

GRDR

GRDR DIOR

QTZVN GRDR GRDR GRDR GRDR

GRDR

GRDR GRDR GRDR

GRDR

GRDR GRDR GRDR

GRDR

GRDR

GRDR

GRDR

CM

- 81-12

1.25

1.020.421.77

1.06

0.640.211.110.21

CM

-81-13

0.81

CAS

GRDR

GRDR

GRDR

GRDR

DIOR

GRDR

GRDR

GRDR

CM

- 81-16

CAS GRDR

GRDR GRDR

GRDR

GRDR

DIOR

GRDR

GRDR GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

DIOR

GRDR

CM

- 81-17

0.37

0.87

CAS

GRDR

GRDR

GRDR

QTZ DIOR QTZ

GRDR

GRDR I2D

GRDR

GRDR

GRDR

I2D

GRDR

RC

-90-01

GRDR

UG-1

GR

DR

UG-2

GR

DR

UG-24

GR

DR

UG-32

GR

DR

I3

GR

DR

UG-35

GR

DR

I3

GR

DR

UG-37

GR

DR

I3

GR

DR

UG-4

GR

DR

I3 G

RD

R

I3

GR

DR

UG-5

GR

DR

UG-8UG-9

I2D P

or

GR

DR

RG10

-04

0.32

0.480.20

1.921.0311.701.170.51

0.230.580.39

5.61

CAS

TUF

GRDR

DIOR

GRDR

RG

10-06

0.49

0.22

0.24

0.37

0.20

CAS

GRDR

RG-1

1-03

0.21

0.78

0.380.61

0.210.211.44

1.700.620.640.510.310.471.25

0.34

0.221.26

0.33

0.58

CAS

TUFLA

QFP

GRDR

QTZ GRDR QTZ

GRDR QTZ

GRDR

RG-11-08

39.5

0

0.86

0.23

CAS

GRDR

Q

TZ

GR

DR

QTZ

GR

DR

QTZ

GR

DR

QTZ

GR

DR

QTZ

GR

DR

QTZ

GR

DR

PR

G-19

PR

G-20

RG

12-01

<0.01

<0.01

<0.01<0.01

1.68<0.01<0.01

<0.01<0.01<0.01<0.01<0.01

GRDR

QTZ

GRDR

RG

12-03

1.650.57

1.60

1.40

0.65

2.13

GRDR

QTZ

GRDR

RG

12-04B

0.30

0.480.213.452.640.24

5.28

1.03

0.27

GRDR

QTZ

GRDR

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

12

GRDR

I3

GRDR

VN

GRDR

VN

GRDR

I3

GRDR

13

CAS

GRDR

16

GRDR

I3

GRDR

VN

GRDR

I3

GRDR

17

CAS

GRDR I3 GRDR I3 GRDR I3

GRDR

20CAS

GRDR

26

GR

DR

27

GRDR

I3

GRDR

28

GRDR

VN

GRDR

29

CAS

GRDR

30

CAS

7

CAS

I2D P

or

GRDR

ANDS

ANDS

8

CAS

GRDR

I2D Por

GRDR GRDR

CM

- 81-01

CAS

GRDR

GRDR Leached SHR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

CM

- 81-02

CAS

GRDR

GRDR

GRDR

I2J SHR QTZ-Tour

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

DIOR

GRDR

GRDR

CM

- 81-03

CAS

GRDR

DIOR

GRDR

GRDR QTZVN DIOR GRDR

GRDR

GRDR

GRDR

DIOR

GRDR

DIOR

GRDR

GRDR GRDR GRDR

GRDR

GRDR

GRDR

CM

- 81-06

CAS GRDR GRDR I2J SHR Ground

QTZVN I2J SHR GRDR

GRDR

DIOR altGRDR DIOR alt

GRDR

DIOR alt

GRDR

GRDR

DIOR alt

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

CM

- 81-09

0.29

2.39

3.01

0.540.72

CAS

GRDR

GRDR

GRDR

QTZVN DIOR

GRDR

GRDR

GRDR

GRDR

GRDR

DIOR GRDR DIOR

GRDR

GRDR

DIOR

GRDR DIOR

CM

- 81-10

0.66

0.311.25

0.200.270.21

1.040.40

CAS

GRDR

GRDR DIOR QTZ

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

DIOR

GRDR

VN

GRDR

GRDR

GRDR

DIOR

GRDR

CM

- 81-11

0.39

0.540.290.250.250.73

0.42

0.92

0.20

0.41

0.220.630.27

0.50

CAS QTZVN GRDR DIOR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR GRDR

RC

-90-01

GRDR

UG-2

GR

DR

UG-24

GR

DR

I3

GR

DR

I3

GR

DR

UG-30

UG-31

UG-36

GR

DR

I3 G

RD

R

UG-40

GR

DR

I3

GR

DR

UG-5

GR

DR

I3

GR

DR

I3

GR

DR

I3

GR

DR

I3

GR

DR

UG-8

RG10-05

0.25

0.22

0.74

10.7

5

0.24

GRDR

DIOR

GRDR

RG-1

1-02

0.703.210.970.35

0.441.12

0.54

0.300.33

12.05

CAS

GRDR

ANDS

TUFLA

GRDR

PR

G-21

RG

12-01

<0.01

<0.01

<0.01

<0.01<0.01<0.01<0.01

<0.01

<0.01

37.001.35

CAS

GRDR

QTZ

GRDR

QTZ

GRDR

RG

12-03

CAS

GRDR

RG

12-04B

0.32

0.590.77

2.39

6.760.38

0.21

0.57

2.69

0.25

0.30

GRDR

RG

12-04

0.750.200.31

0.25

0.360.450.261.290.300.80

33.80

4.060.41

GRDR

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

12

GRDR

13

GRDR

VN

GR

DR

15

CAS

16

GRDR

I3

GRDR

18

CAS

GRDR

VN

GRDR

VN

GRDR

20

GRDR

VN

I3

VN

GRDR

I3

GRDR

VN

GRDR

I3

GRDR

I3

GRDR

I3

GRDR 26

GR

DR

I3

GR

DR

VN

GR

DR

I3

GR

DR

27

GRDR VN

GRDR

I3

GRDR

28

GRDR

29

GRDR

I3

GRDR

I3

GRDR

I3

GRDR

I3

GRDR

7

AN

DS

GR

DR

AN

DS

CM

- 81-07

CAS GRDR GRDR I2J SHR

GRDR

GRDR

GRDR

DIOR

GRDR

GRDR

GRDR

GRDR CM

- 81-08

1.00

0.33

1.00

0.32

3.42

2.330.54

CAS

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR GRDR GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

CM

- 81-14

0.38

0.610.55

0.36

0.42

0.30

CAS

GRDR

GRDR

DIOR

GRDR

GRDR

DIOR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

GRDR

CM

- 81-15

CAS QTZ

DIOR

GRDR

GRDR

DIOR

GRDR

DIOR

GRDR

GRDR

UG-12

UG-14

UG

-16

UG-17UG-20

UG-22UG-23

UG-26UG-27

UG-28

UG-29UG-30

UG-31

UG-33

GR

DR

UG-36

GR

DR

I3

GR

DR

UG-39

GR

DR

I3

UG-40

GR

DR

I3

GR

DR

I3 G

RD

R

RG

10-0

3

0.260.340.45

0.22

0.80

0.34

9.210.22

0.57

82.80

2.39

CAS

TUFD

TUFLA

TUFD

QFP

GRDR

DIOR

GRDR

RG10-05

1.510.69

6.08

0.39

0.21

0.57

0.330.59

0.211.27

0.28

0.45

CAS

GRDR

FLT

GRDR

DIOR

GRDR

RG-1

1-05

0.21

2.42

1.684.20

0.940.44

0.20

2.23

CAS

GRDR

PR

G-22

RG

12-04B

0.80

0.30

1.55

GRDR

RG

12-04

0.82

0.40

0.46

0.27

0.261.03

0.360.75

GRDR

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

13

GR

DR

I3

GR

DR

VN

GR

DR

VN

GR

DR

VN

GR

DR

VN

GR

DR

VN

GR

DR

I3

G

RD

R

15

CAS

GRDR

VN

GRDR

I3

VN

GRDR

19

CAS

GRN

GRDR

GRN

GRDR

GRN

GRDR

20

GRDR

21

CAS

GRDR Por

V

GRDR

V

GRDR

V VN

GRDR GRN

GRDR

VN

GRDR

26

V

V

V

I2D Por

V

GR

DR

V

GR

DR

I2D Por

GR

DR

V

GR

DR

I3

GR

DR

27

GRDR

DIOR

GRDR

I3

GRDR I3

28

GRDR

I3

GRDR I3

GRDR I3

GRDR

29

GRDR

I3

GRDR

VN

GRDR

GRN

I2D P

or

7

AN

DS

DIO

R

A

ND

S

G

RD

R

A

ND

S

G

RD

R

AN

DS

UG-11

GR

DR

I3

GR

DR

UG-12

UG

-1 3

UG-14 UG-15

GR

DR

I3

GR

DR

I3

GR

DR

V3

I2D

Po

r V

3

UG

-16

UG-17

UG-19

GR

DR

I3

GR

DR

UG-20

UG

-21

UG-33

GR

DR

I3

GR

DR

I3

I2D

Po

r

GR

DR

UG-39

I3

GR

DR

I3

GR

DR

I2D

Po

r

GR

DR

I2D

Po

r

GR

DR

I2D

Po

r I3

G

RD

R

RG

10-0

2

5.1752.3057.20

0.500.910.40

2.580.64

2.88

3.42

0.310.38

0.280.260.581.53

0.370.650.380.480.211.634.85

0.300.37

CAS

TUFLA

TUFD

DIOR QFP ANDS TUFD ANDS

GRDR

RG

10-0

1

CAS

TUFLA

QFP TUFD

ANDS

QFP

FV

GRDR

PR

G-23

PR

G-24

PR

G-25

RG

12-04B

0.240.98CAS

GRDR

QTZ

GRDR

RG

12-04

0.23

GRDR

QTZ

GRDR

CAS

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

13

GR

DR

I2D

Por

V

GR

DR

Por

V

GR

DR

Por

V

14

CAS

GRDR

GRN

Acid fr

a

GRDR P

or

15

GR

DR

I3

G

RD

R

I3

GR

DR

I3

GR

DR

I2D

Por

I3

I2D

Por

GR

DR

GR

N

G

RD

R

I3

GR

DR

I2D

Por

G

RD

R

I2

D P

or

GR

N

26

CAS

V

GRDR Por

V

GRDR PorV

27

I3

GRDR

I3

GRDR

28

GRDR

GRN

I2D Por

I2D Por

31

CAS GRDR

VN

GRDR

7

AN

DS

UG-18

GR

DR

V3

I2D

Po

r V

3

I2

D P

or

UG-19

GR

DR

RG

10-0

2

0.37

0.370.38

0.87

GRDR

RG

10-0

1

1.62

GRDR

RG

-11-

01

CAS

TUFLA

QFP

TUF

QTZ

GRDR

PR

G-26

PR

G-27

PR

G-28

PR

G-29

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

14

GRDR P

or

Acid fr

a

GR

DR

I3

GR

DR

Por

Acid

fra

I3

Acid

fra

I2D

Por

15

GR

N

G

RD

R P

orG

RN

I3B

VN

I3B

GR

N

GR

DR

Por

27

GRDR

I2D Por

I2D Por

V

28

I2D Por

GRN

GRDR Por

GRN

GRDR Por

31

GRDR VN GRDR

VN GRDR VN I3

V

RG

-11-

10

TUFD

RG-11-

11

CAS

TUFLA

PR

G-30

PR

G-31

PR

G-32

PR

G-33

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

14

I2D

Por

GR

DR

I3

I2

D P

or

Aci

d fra

I3

A

cid

fra

I3

I3

GR

DR

Por

27V

GRDR Por

28

GRDR Por

GRN

GRDR Por

31

V

GRDR

V

GR

DR

RG-11-09

1.090.500.65

1.360.82

CAS

TUFLA

TUFD

QTZ

ANDS

TUFLA

DIOR

QFP

GRDR

TUFLA

RG

-11-

10

QFP

TUFD

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

14

GR

DR

Por

GR

N

31

GR

DR

35

V

GR

DR

V

GR

DR

Por

V

GR

DR

V

GR

DR

V

RG

-11-

10

TUFD

QFP

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

31

GR

DR

I2D P

or

VN

I2D P

or

GR

DR

35

V

GR

DR

Por

V

GR

DR

PorV

GR

DR

PorV

GR

DR

Por

V

GR

DR

Por

V

GR

DR

PorV

I2D P

or

I2D P

or

V

RG

-11-

10

TUFD

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

35

V

GR

DR

V

RG

-11-

10

CAS TUFD QTZ TUFD

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

35

CAS

V

-50 0 50 100

Scale 1:1000

0.0

0 E

100.

00 E

200.

00 E

300.

00 E

400.

00 E

500.

00 E

600.

00 E

700.

00 E

4600.00 Elev

4700.00 Elev

4800.00 Elev

4900.00 Elev

5000.00 Elev


Regcourt Property


Date: August 2012

IP Survey

8 mV/V

10 mV/V

15 mV/V

20 mV/V

25 mV/V

30 mV/V

40 mV/V

45 mV/V

50 mV/V

60 mV/V

65 mV/V

70 mV/V

- Assayed Sample

- (< 0.2 gpt Au)

> 10.0 gpt Au


Lithology

Felsic Intrusion


Mafic Intrusion

Felsic Volcanic


Mafic Volcanic

Tuff

Agglomerate

Quartz Vein

Feldspar Porphyry

0.5 - 2.0 gpt Au

2.0 - 10.0 gpt Au

-

-

-

-

0.2 - 0.5 gpt Au

APPENDIX VI

2012 Assay Certificates

assessment report on the regcourt gold property...

Documents