Forth Year Assessment Report

of

Prospecting

on

Licence 14798M,

Silver CliffProperty,

NTS 1N/05

DUNVILLE, NEWFOUNDLAND

Submitted by

(License Holder)

JASON WHITE

Work Conducted: August 2007Total Expenditures: $ 851.00Total Claims: 9Date: August 1st, 2008

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TABLE OF CONTENTS

1. Introduction 32. Property Location and Access 33. Claim Status 34. History and Previous Work 45. Regional and Local Geology 76. Exploration Program 87. Conclusions 88. Recommendations 8

APPENDICES

APPENDIX I List of Expenditures 9APPENDIX II List of Personal 9APPENDIX III References 10

LIST OF FIGURES

Figure 1. Property Location Map 5Figure 2. Claim Location Map 6

1. Introduction

Mineral license 14798M is comprised of 9 mineral claims, located on the former US military base Argentia, covering the Silver Cliff Mine. The objective of this report is to discuss the geological results derived from a field visit made in August 2007.

Yours TrulyJason D. White

August 1st ,2008

2. Property Location and Access

The property is located directly north of the town of Dunnville, on a portion of former United States Military base Argentia, NTS 1N/05 (Figure I) . The northeast corner having the UTM coordinates of 5 243 000 N, 278 000; NAD 27 of zone 22. General access to the property can be obtained from the network of roads established by the US Military, a series of trails in the local area and by water from Placentia Bay, although over 75% of the property must be accessed by foot. (Figure II).

3. CLAIM STATUS

The Argentia property consists of 9 claims in license 14798M, staked in 2004.

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4. History and Previous Work

Summary of Historical time line:

• 1850's – General Mapping of the Placentia area undertaken by Henry Varren for C.F. Bennett• 1880 – Galena bearing sulfide veins discovered in the area.• 1882 – John Burke discovers veins of Silver Cliff mine. – Mineral Rights sold for $4,500 to an English Company who worked the deposit for a brief period and closed mine,

not finding the main deposit.• 1885? – A second English company took control of the mine and worked it for 6 months till the death of one of principals.• 1890? – J.W. Foran acquires the mineral rights to the property and works the property for a short period.• 1896? – J.W. Foran refuses an offer of $80,000 for sale of the property.• 1898 – J.W. Foran dies and mine passes through a number of speculators, failing to open the mine.• 1904 – Name of Little Placentia changed to Argentia in honor of the Silver Cliff Mine.• 1918 – Reports of assay results of up to 356 oz/ton by Howley & Murray in Geological Survey of Newfoundland for 1892.• 1922 – Silver Cliff Mining Company commences operations with no “recorded” production.• 1923 – Report on Silver Cliff Mine produced by Hatch, giving a brief outline of activities.• 1925 – Report of Silver Cliff Mine, Geological Survey of Newfoundland produced by Hatch, outlining development work,

capitalization, mineralization and proposed activities. • 1926 – Geological Survey Of Newfoundland, Report of Progress for 1926, produced by Baker, maps current workings and

general geology of the area of the Silver Cliff Mine. – Mineral Grant No. 9, Vol. 1 Fol. 157, issued to the Silver Cliff Mining Company.• 1928 – Mine closes due to lack of working capital, technical problems with equipment and a drop in world lead price.• 1939 – Chute produces a report on the Mineral Deposits of Placentia Bay, detailing geology of, area potential ore veins

and systems in the immediate area of the mine.• 1941 – US and UK Governments sign the American Bases Act, initiating development of the Argentia Military Base.• 1942 – US Government Annexes Broad Cove Head for the Argentia Military Base.• 1948 – US Government Annexes the remainder of the area for the Argentia Military Base.• 1953 – Snelgrove produces Circular No. 04 for the Province of Newfoundland, a report summarizing Chute 1939.• 1955 – McCartney produces a general map of 1N/05, Argentia area.• 1962 – Johnston compiles data on mineral prospects of Newfoundland.• 1965 – McCartney produces report for Geological Survey of Canada of Geology of the Whitbourne area.• 1966 – Geological Survey of Canada produce a Regional Gravity Map. • 1970 – Commodore Mining carried out a Geochemical survey, results unknown. – Geological Survey of Canada produce Aeromagnetic Map• 1971 – Commodore Mining geochemical survey, identifying a geochemical anomaly, values of Pb and Zn >2000 ppm.

And a Gossan Zone on the southern end of the property, in the area of Site Sam.• 1973 – Commodore Mining VLF survey, identifying a target of potential mineralization of economic potential.• 1979 – Dean produces a report for Placer Dome Ltd. on a general reconnaissance of mineral occurrences in the Placentia

to Long Harbour area of Placentia Bay, with poor results.• 1982 – Simple Fee Grant reverts back to Crown Land.• 1994 – Paul Crocker briefly prospects the area under a grant from the Prospector's Assistance Program.• 1994 – George Lannon and Adrian O'Keefe obtain the mineral rights to the area.• 1996 – MIA investments conducts an Airborne Magnetic and Electromagnetic Survey of Argentia area. – US decommission the base and transfer property to the Government of Canada. – The Argentia Management Authority (AMA) is established to facilitate remediation, rehabilitation and economic

development of the area held by the US Government. – Jeffery A. Morgan, studies Vein Hosted Base Metal Deposits of the Avalon Peninsula, including Silver Cliff, as

part of the requirements for the degree of Bachelor of Science (Honors).• 2002 – QUIT CLAIM DEED is given from the Province of Newfoundland and Labrador to the AMA.• 2004 – claims staked by Jason D. White (Author)

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Figure 1

Property Location Map

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Figure 2.

CLAIM LOCATIONMAP

NTS 1N/05

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5. Regional and Local Geology

The limited site access and bedrock exposure in the Argentia area have played a significant factor in the lack of detailed mapping of the mapping of the area. “Systematic prospecting on the surface of Silver Cliff region would be difficult and expensive because of the heavy growth of timber and the extensive deposit of glacial drift” (Snelgrove,1953).

Original mapping by Verran recorded the area as “Metamorphic Series”, “Hard Compact Porphrey” and “Conglomerate Series”,with the dividing line being a straight line from the lead mineral occurrence in Jerseyside north east to Broad Cove Head (Verran,1857).

McCartney generally had mapped the entire area as the Proterozoic age Bull Arm Group : “Andesitic volcanic flows and breccias with intercalated tuffs, red and green arkose, siltstone, slate, conglomerate; minor rhyolitic flows and breccias.” with a general structure of the region as an anticline with a fold access centered on the property, striking approximately 045 from Coxhill Point to Castle Hill (both ends of the fold access). (McCartney, 1955).

King further built on this work to map the area as follows (King,1988):

Musgravetown Group, Bull Arm Formation

MHBAb Mafic flows; includes minor felsic flows and clastic sedimentary rocks

MHBAt Predominantly crystal and lithic tuffs, commonly reworked

MHBAp Mafic to Felsic varigated flows, and pyroclastic and clastic sedimentary rocks.

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6. EXPLORATION PROGRAM The 2007 field visit was intended to examine the river bed of the Broad Cove Brook after the rainstorm which dumped 85 to 150 mm of rain on the area in the span of a few hours in early August 2007.

7. CONCLUSIONS

There was little or no change from the heavy rain in the area between the road to the mine site, but once we had arrived at the river level we were met with a totally stripped stream bed to a height of 1 to 2 m on each bank. Where the riverbed had been previously covered with a tangled mat of thick dead fall timber, there was bear outcrop exposure. Upstream 50 to 100m from the mine we noticed a bank of tailings which had been uncovered; a further 50 to 75m upstream there was a vein system exposed striking parallel to the MacKay vein which had been partially trenched above; another 50 to 100m upstream a large vein was uncovered in the riverbed, the vein had a dip of 70° and a strike of 110° and was 2 to 3 m in width where exposed, location: 277,550 E, 5242,788N +/-20M (note the GPS received a weak signal due to the steep slope of the ravine banks, reading may be up too several hundred m off).

There were a number of occasions where the brook disappeared under till and/or tailings in the river bed, one such place may have been an old dam for the mine, when the brook would reappear above ground there would be a significant smell of sulfur in the water.

8. RECOMMENDATIONS

The following is recommended:

1.) Continue general reconnaissance prospecting. 2.) Trench the area to the south and around the silver Cliff Mine.3.) Conduct a soil survey south east of the mine site.4.) Conduct a drilling program designed to target the area below the Job Shaft, The MacKay vein,

the VLF Anomaly found in the 1970's and the fowler vein systems.

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APPENDIX I LIST OF EXPENDITURES

Expense Amount Cost per unit Total cost

Research & Report Writing 2 days $100.00 $200.00Field Work 4 days $100.00 $400.00Meals 4 days $20/person/day $80.00Fuel 1 trips $60 / trip (return) $60.00

Subtotal $740.00

Administration 15 % $111.00

Total $851.00

APPENDIX II LIST OF PERSONAL

Name

Jason D. White 23 Emma's PlCBS, NL.

Darwin White23 Emma's Pl.CBS, NL

Joe LeeAlbany Pl.St. John's, NL.

Peter GalgayHarbor View AveSt. John's, NL.

Norm Power Foxtrap Access Mt. Pearl, NL.

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APPENDIX VI REFERENCES

Baker, H.A.1927: Report of Progress for 1926, Geological Survey of Newfoundland. (NFLD/22)1928: Report of Progress for 1927, Geological Survey of Newfoundland. (NFLD/26)

Batterson, M.J.2003: Till Geochemistry of the Western Avalon Peninsula and Isthmus. Newfoundland Department of Mines and Energy, Geological Survey, Open File NFLD 2824, 169 pages. http://www.nr.gov.nl.ca/mines&en/geosurvey/publications/openfiles/of_nfld2824.pdf

2004: Till Geochemistry of the Central Avalon (NTS Map Sheets 1N/5, 1N/06, 1N/11, 1N/12, 1N/14, 2C/2 and 2C/3). Geological Survey, Government of Newfoundland and Labrador, Department of Natural Resources, St. John's. Open File NFLD/2869, 189 pages.http://www.nr.gov.nl.ca/mines&en/geosurvey/publications/openfiles/OF2869.pdf

Boggs, S.2001: Principals of Sedimentology and Stratigraphy, 3rd Edition.

Cant, J.W.1974: A VLF-EM and Geochemical Survey of the Silver Cliff Property, Argentia, Newfoundland. Commodore Mining Company Limited. (Unpublished, 1N/0226)

Chute, N.E.1939: Mineral Deposits of the Placentia Bay Area, Newfoundland Geological Survey Bulletin No. 18, St. John's, Newfoundland. (1N/0016)

Climas, A B 1925: Mineral prospects in the Placentia area, Newfoundland, Memo. Unpublished report [GSB# 001N/05/0068]

Crocker, P.1994: Prospector's Assistance Program Report. (Unpublished)

Davenport, P.H.1979: A lake sediment geochemical survey of the central Avalon Peninsula, Newfoundland.Government of Newfoundland and Labrador, Department of Mines and Energy, Mineral Development Division, Open File NFLD/1003, 1979, 131 pages.

Davies, D.J1932: Mineral Deposits of Newfoundland. (Nfld/24)

Dean, P.L.1979: Final Report on the Placentia Area, NTS 1N/4,5. (Unpublished, NFLD/2814)

Ford, K.2007: OVERVIEW OF GEOPHYSICAL SIGNATURES ASSOCIATED WITHCANADIAN ORE DEPOSITS, Geological Survey of Canada.http://gsc.nrcan.gc.ca/mindep/method/geophysics/pdf/methods.geophysics.ford.pdf

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Geological Survey of Canada (GAC)1970: Geophysical Series (Aeromagnetic), Map 4G, Argentia, Newfoundland. 1966: Gravity Map Series No. 53, Avalon-Burin

Government of Newfoundland and Labrador1926: Simple Fee Grant No. 9, Vol.1, Fol. 157.2002: QUIT CLAIM DEED, Deed No. 306, Roll 2277, frame 686.

Hatch, A.B.1923: Report on the Silver Cliff Mine. (Unpublished, 1N/0061)1925: Report on the Silver Cliff Mine, Geological Survey of Newfoundland (1N/0061)

Hayes, A.O.1948: Geology of the Area Between Bonavista and Trinity Bays, Eastern Newfoundland, Geological Survey Bulletin No. 32

House, A.F.1992: Barite Resources of Newfoundland, Mineral Report 6, Geological Survey Branch, Department of Mines and Energy, Government of Newfoundland and Labrador. (NFLD/145)

Johnston, D.1962: Some Metallic Prospects on the Island of Newfoundland (A Guide). Information CircularNo. 10. Department of Mines, Agriculture and Resources, Mineral Resources Division.(NFLD/0212)

King, A.F.1988: Geology of the Avalon Peninsula, Newfoundland (Parts of 1K, 1L, 1M, 1N and 2C).Newfoundland Department of Mines, Mineral Development Division, Map 88-01.

1990: Geology of the St. John's Area, Report 90-02, Geological Survey, Department of Mines, Government of Newfoundland and Labrador.

Lannon, G.1995: 1st Year Assessment Report, Silver Cliff Property Argentia, Nf., Mineral Licence # 4516,NTS 1N/5 (Unpublished, 1N/0574)

Lefebure, D.V1996: Polymetallic Veins Ag-Pb-Zn+/-Au, in Selected British Columbia Mineral Deposit Profiles, Volume 2 - Metallic Deposits, Lefebure, D.V. and Hõy, T, Editors, British Columbia Ministry of Energy of Employment and Investment, Open File 1996-13, pages 67-70.

http://www.empr.gov.bc.ca/mining/Geolsurv/MetallicMinerals/MineralDepositProfiles/Profiles/I05.htm

Martin, W.1983: Once Upon a Mine, the Story of Pre-Confederation Mines of the Island of Newfoundland,CIMM Special Edition, Volume 26.

McCartney, W.D. 1965: Whitborne Map Area. Geological Survey of Canada. Memoir 341. (NFLD/333)1955: Map 55-11, Argentia Map Area, Newfoundland; Geological. Survey of Canada

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Morgan, J.A.1996: A Documentation and Study of Vein-Hosted Base Metal Deposits on the Avalon Peninsula,Newfoundland, A Thesis submitted to the Department of Earth Sciences in partial fulfillment of therequirements for the degree of Bachelor of Science (Honours). Memorial University ofNewfoundland. (Unpublished)

Murray, A., Howley, J.P.1918: Report for 1892, Geological Survey of Newfoundland.

Natural Resources Canada2007: Canadian Marine Multibeam Bathymetric Data.http://gdr.nrcan.gc.ca/multibath/index_e.php

Pezzot, E.T.1996: Geophysical Report on an Airborne Magnetic and Electromagnetic Survey on the Silver Cliff Property for MIA Investments LTD.

Rose, E.R1952: Geological Survey of Canada, Torbay map area, Newfoundland, Memoir 265.

Snelgrove, A.K1953: Mines and Mineral Resources of Newfoundland, Information Circular No. 4. Departmentof Mines and Resources, Mines Branch, Geological Survey.

United Kingdom (U.K.)1941: The American Bases Act, 1941.1942: The American Bases (Supplementary Leases) Act, 19421948: The American Bases (Supplementary Leases) Act, 1948

US Government1900: Gold Standard Act,1900

Verran, H.T.1857: Map Showing the Geological & Mineral Indigations of Placentia District. This map is accompanying report 1N/12/75 on the La Manche mine.

Williams, H.1979: Appalation Orogen in Canada. Canadian Journal of Earth Sciences: 16, pp. 792-807.

White, J.D.2005: First Year Report for Mineral License 10132M.2006: Second Year Report for Mineral License 10132M

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