mindoro resources ltd. (mrl gold phils. inc.) · the lobo project is underlain by extensively...

MINDORO RESOURCES LTD.

(MRL GOLD PHILS. INC.)

LOBO PROJECT BATANGAS PROVINCE, PHILIPPINES

RESULTS OF PHASE 2 DRILLING PROGRAM,

June 10 , 2004

By

Edsel M. Abrasaldo

James A. Climie

Fianza T. Lab-oyan

Mervin C. de los Santos

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TABLE OF CONTENTS Page 1.0 SUMMARY ………………………………………………………………. 5

1.1 General ………………………………………………………………. 5 1.2 Epithermal Gold Prospects ………………………………………. 5 1.3 Phase 2 Drill Program ………………………………………………. 6 1.4 Porphyry Copper-Gold Potential ………………………………………. 7

2.0 INTRODUCTION AND TERMS OF REFERENCE ………………. 8 3.0 PROPERTY DESCRIPTION AND LOCATION ………………………. 10 4.0 PHILIPPINE MINING LAW ………………………………………. 11

4.1 General ………………………………………………………………. 11 4.2 Mining Claims ………………………………………………………. 11 4.3 Exploration Permit ………………………………………………. 11 4.4 Mineral Agreement ………………………………………………. 12 4.5 Financial or Technical Assistance Agreement ………………………. 14 4.6 Qualified Person ………………………………………………………. 15 4.7 Government Involvement ………………………………………. 16 4.8 Environmental Matters ………………………………………………. 16

5.0 ACCESSIBILITY, CLIMATE, PHYSIOGRAPHY ………………. 17 6.0 HISTORY ………………………………………………………………. 17 7.0 GEOLOGICAL SETTING ………………………………………………. 19

7.1 Regional Geology ………………………………………………………. 19 7.2 Project Geology ………………………………………………………. 21 7.2.1 Lithostratigraphy ………………………………………………. 22

8.0 DEPOSIT TYPES ………………………………………………………. 25 9.0 MINERALIZATION ………………………………………………. 26

9.1 Lobo Project ………………………………………………………. 26 9.1.1 General ………………………………………………………. 26

9.1.2 Southwest Breccia (SWB)..……………………………………… 26 Drillcore Alteration .……………………………………… 30

9.1.3 Acacia Zone ………………………………………………. 31 9.2 Other Lobo Projects ………………………………………………. 32 9.2.1 Old Lobo Mine ………………………………………………. 32

9.2.2 West Drift Prospect ………………………………………. 33 9.2.3 Nagtoctoc Prospect ………………………………………. 34 9.2.4 Far North East (FNE) Prospect ………………………………. 34 9.2.5 Bukal Prospect ………………………………………………. 36 9.2.6 Camo Prospect ………………………………………………. 36 9.2.7 Binong Prospect ………………………………………………. 37 9.2.8 East Ridge Prospect ………………………………………. 37 9.2.9 Calumpang Prospect ………………………………………. 38 9.2.10 Paco Prospect ………………………………………………. 38 9.2.11 Balisong Prospect ………………………………………………. 38 9.2.12 Pica Prospect ………………………………………………. 39 9.2.13 J-Hill Prospect ………………………………………………. 39 9.2.14 Southwest Extension (Jane) Prospect ………………………. 40

10.0 EXPLORATION ………………………………………………………. 40 10.1 Ground Magnetic Survey ………………………………………. 40 10.2 Detailed Exploration Work: West Drift-Bukal Area ………………. 42

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11.0 DRILLING ………………………………………………………………. 44 12.0 SAMPLING METHOD AND APPROACH ………………………. 60 13.0 SAMPLE PREPARATION, ANALYSIS, SECURITY ………………. 61 14.0 QUALITY ASSURANCE/QUALITY CONTROL (QA/QC) ...………. 63

14.1 Duplicate Samples ………………………………………………. 64 14.2 Blank Samples ………………………………………………………. 67

15.0 DRY BULK DENSITY CALCULATION ………………………………. 68 15.1 General Discussion ………………………………………………. 68

15.2 MRL Gold’s Dry Bulk Density Standard Procedures………………… 69 15.3 Result of Dry Bulk Density Calculation ………………………. 69

16.0 INTERPRETATION AND CONCLUSIONS …………………………. 72 16.1 Epithermal Gold Prospects ………………………………………. 72

16.1.1 Structural/Depositional Controls ………………………. 72 16.1.2 Deposit Types ………………………………………………. 72 16.1.3 SWB Ore-Shoot ………………………………………. 73 16.1.4 Old Lobo Mine ………………………………………. 73 16.1.5 Acacia Prospect ………………………………………. 75 16.1.6 Ore-Shoots Potential In Lobo Project ………………………. 75

16.2 Porphyry Copper-Gold Potential ………………………………. 72 17.0 RECOMMENDATIONS …………………………………………….… 77 18.0 REFERENCES …………………………………………………….… 79 List of Figures Figure 1 - Location Map of Lobo and Batangas Projects Figure 2 - Regional Map Showing Tenements and Prospects Figure 3 - Lobo Project Compilation Map Figure 4 - Lobo Project Interpreted Section Looking East Figure 5 - Lobo Project Deposit Model Figure 6 - Lobo Project SWB Interpreted Geological Map Figure 7 - Lobo Project West Drift – SWB Interpreted Section Figure 8 - Lobo Project Ground Magnetic Contour Figure 9 - Drill Section 9978 N Figure 10 - Drill Section 10,060 N Figure 11 - Drill Section 10,100 N Figure 12 - Drill Section 10,140 N Figure 13 - Drill Section 10,155 N Figure 14 - Drill Section 10,170 N Figure 15 - Drill Section 10,185 N Figure 16 - Drill Section 10,200 N Figure 17 - Drill Section 10,215 N Figure 18 - Drill Section 10,230 N Figure 19 - Drill Section 10,005 E Figure 20 - SWB Longitudinal Section List of Tables Table 1- Phase 2 Drill Holes Intersecting Significant Gold Values Table 2- Assay Results of Follow up Sampling in Old Lobo Mine, July, 2003 Table 3- Assay Results of Reconnaissance Sampling in Old Lobo Mine, July, 2002 Table 4- Assay Results of Trench Sampling in FNE Prospect

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Table 5- Assay Results of Channel Sampling in Camo Prospect Table 6- Assay Results of Rock Sampling in East Ridge Prospect Table 7- Assay Results of Rock Sampling in Calumpang Prospect Table 8- Assay Results of Rock Sampling in Pica Prospect Table 9- Assay Results of Channel Sampling in WD Prospect Table 10- Phase 2 Drill Hole Location Table 11- Phase 2 Drilling Significant Intercepts Table 11- Phase 2 Drilling Significant Intercepts Table 12- Summary of Drill Core and Sludge Samples Assayed Table 13- Sample Method of Analyses Table 14- Duplicate Pair MPD (%) Table 15- McPhar’s Rock Sample Duplicate-Appendix Table 16- McPhar’s Sludge Sample Duplicate-Appendix Table 17- McPhar vs. Intertek Fine Duplicate-Appendix Table 18- McPhar vs. Intertek Coarse Duplicate-Appendix Table 19- McPhar’s Blank Sample Results Table 20- MRL Gold’s Dry Bulk Density Calculation Table 21- Description of Dry Bulk Density Samples Appendices Appendix 1 Surface Rock Samples Ledger Appendix 2 Lobo Ground Magnetic Survey Data Appendix 3 Drill Hole Summary Logs Appendix 4 Drill Hole Sample Ledgers Appendix 5 Report on Petrographic Analyses of Lobo Samples Appendix 6 McPhar’s Assay Results (available upon request to Mindoro)Appendix 7 Quality Assurance/Quality Control Tables Appendix 8 Consultants’ Reports

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1. 0 SUMMARY 1.1 General This report describes results for Phase 2 drill program on the Southwest Breccia Gold Zone (SWB), and other exploration carried out in the Lobo Project from October, 2003, to April, 2004, by MRL Gold Philippines Inc. (MRL Gold), a wholly owned subsidiary of Mindoro Resources Ltd. (Mindoro). The Lobo Project is being explored under an option agreement with Egerton Gold Philippines, Inc. (Egerton) by which MRL Gold may earn a 75 % interest in all projects. The Lobo Project tenement has a total area of 1,164 hectares and hosts at least 15 known epithermal low sulphidation gold, and high sulphidation copper-gold-silver prospects. Magnetic anomalies delineated by both airborne and ground magnetic surveys are interpreted as potential porphyry copper-gold systems and are high priority drill targets. 1.2 Epithermal Gold Prospects The Lobo Project is underlain by extensively altered Pliocene andesitic volcanics intruded by coeval sub-volcanic intrusions, and overlain in places by Quaternary cover. It is an extensively mineralized project and, to date, approximately 7 km of northeast-trending epithermal vein breccia trends have been recognized, the principal of which are Sampson and Camo, each traced over approximately 2 km. Several other vein breccia trends, only partially defined to date, are recognized. It is likely that extensive related silica cap material, as well as Quaternary cover rocks, obscure other vein breccia trends elsewhere on the project. The vein breccia trends are defined mainly by mineralized and hydrothermally altered outcrops and boulders with varying amounts of sulphides; and accompanying gold, silver and copper mineralization. Both low and high sulphidation epithermal types are present but overall, low sulphidation mineralization dominates. The vein-breccia complexes are located along northeast-trending structures, interpreted as regional transfer structures, related to sinistral strike-slip deformation along splays of the Philippine Fault. As is typical of epithermal systems, mineralization occurs as multiple mineralized ore-shoots, with vertical dimensions greatly exceeding horizontal dimensions. Only a small number of the mineralized ore-shoots are expected to be exposed at the present day erosion level, and considerable drilling will be required to discover and evaluate these blind mineralization shoots. The epithermal gold prospect that has been subjected to the most-detailed evaluation at this time is SWB. Phase 1 and Phase 2 drilling activities were concentrated in this ore-shoot, which represents a small segment of the Camo Trend. A total of 1,996.40 meters [m] of drilling in 28 holes has been carried out to date on SWB. Other promising prospects, which are being programmed for drilling, include the Old Lobo Mine, and its southwest extension, West Drift. The Old Lobo Mine was mined underground on a small scale in the mid to late sixties for copper-gold-silver. Based on old

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records, development workings and exploration drifts extended over about 300 m of strike and to a shallow depth not exceeding 150 m. The operation failed due to then-prevailing economics and metal prices (gold was about US$ 30/ounce). On cessation of mining, the Philippine Mines and Geosciences Bureau (1984) reported remaining “reserves” in the active stopes, as 90,700 tonnes at a grade of 20.5 g/t gold, or 60,000 contained ozs of gold. Although no records have been located, it is believed the gold resource referred to is in the West Drift area. This constitutes a high priority drill target. A strong magnetic low is associated with the Sampson Trend that is 300-400 m wide and extends the entire length of the area surveyed to date. Drilling has indicated that this is due to intense hydrothermal alteration occurring along the structural trend. The magnetic low is much stronger along the Sampson Trend than along the Camo Trend, probably indicating more intense alteration / mineralization along the former trend. It may also have implications on proximity to the assumed porphyry copper-gold system sources of the epithermal mineralization. There are at least 13 other prospects located along, or near, the epithermal vein breccia trends where strong alteration occurs and encouraging metal values have been obtained. These merit detailed evaluation. In addition, extensive areas of silica cap have been mapped. Silica cap represents the un-eroded top of the epithermal mineralization system and it is likely ore-shoots will occur beneath these in places localised within fault structures. 1.3 Phase 2 Drill Program Fifteen holes were completed with 1 hole drilled in the Acacia Prospect, aggregating a total length of 991.40m. The following holes intersected significant gold values: Table 1: Phase 2 Drill Holes Intersecting Significant Gold Values

Drill Hole From (m) To (m) True Width (m) Gold (g/t)

47.40 59.45 7.50 15.71 LB-14 Including 51.85 57.60 3.58 24.32

17.00 31.60 14.60 6.52 LB-15 Including 23.40 31.60 8.2 10.10

35.10 44.55 3.53 8.29 LB-17 Including 36.20 42.35 2.30 12.46

21.00 27.10 5.73 5.74 LB-18 Including 23.00 24.90 1.78 19.80

6.10 28.40 15.00 5.30 LB-20 Including 12.40 16.50 2.76 11.43

4.80 21.10 15.32 7.75 LB-24 Including 14.05 21.10 6.63 16.49

39.60 95.80 14.05 4.24 LB-25 Including 70.00 72.75 0.69 8.63*

* Gold equivalent (calculated based on US$ 400/oz for gold, US$ 6/oz for silver and US$ 1.00/LB for copper)

The average grade of all significant mineralized drill intersections for the Phase 2 drilling exercise in SWB (excluding LB-27 at the Acacia Prospect) is 4.85 g/t gold. In both the phase 1 and 2 programs, a total of 1,992.8 m was drilled, over about 250 m of strike length

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in SWB. Gold mineralization has been encountered for a down-dip distance of over 167 m from surface trenches, and is open at depth, to the south. Mineralization appears to pinch to the north but further drilling is necessary to confirm this. The greatest tonnage potential appears to be where the pre-ore faults (northwest-trending faults) intersect northeasterly transfer structures. The ore-shoots may decrease in width to the northeast and southwest, away from the structural intersections, however, it is expected that they will widen again as they approach another structural intersection and, thus, exhibit a pinch and swell pattern along strike. At the time of writing, a gold resource calculation is being carried out for SWB. It appears that a significant, near-surface gold resource has been outlined by drilling and that the Lobo Project has excellent potential for the occurrence of additional, low sulphidation gold ore-shoots such as SWB, and also for high sulphidation copper-silver-[gold] ore-shoots like the Old Lobo Mine. 1.4 Porphyry Copper-Gold Potential The syn-mineral, high-sulphidation component present just southwest of SWB at Japanese Tunnel, in the Old Lobo Mine, and elsewhere at Lobo, strongly suggests that a magmatic source(s) is present at shallow depth. A cluster of 6 distinct magnetic responses occurs within the Lobo Project and one just outside, in ground also controlled by MRL Gold/Egerton. These anomalies are interpreted as high-level intrusions with which porphyry copper-gold mineralization could be associated. A potassium anomaly occurs associated with three of the magnetic anomalies in proximity to the Old Lobo Mine/West Drift area, which may reflect potassium enrichment and porphyry copper-gold associated potassic alteration. MRL Gold conducted a ground magnetic survey covering part of the project including West Drift, Bukal, SWB, Old Lobo Mines, East Ridge, Camo Prospects and part of Far Northeast (FNE) Prospect. The ground magnetic survey defined a very prominent positive anomaly, approximately coincident with the two airborne anomalies, extending over an area of about 600 m by 150 m. Modeling indicates a depth to source of approximately 100 m. A second positive magnetic anomaly in the northeast of the current survey area has been partially defined to date. The ground survey will be extended to cover this as well as the other airborne anomalies on the Lobo Project. The prominent positive magnetic anomaly is interpreted as being associated with a porphyry copper-gold system. The presence of a porphyry system is supported by alteration windows, comprising clay-pyrite±quartz (argillic) and localized quartz-pyrite-clay (intermediate argillic), that were mapped in Batang Creek, West Drift and Bukal areas. The mapped alteration windows are interpreted to be transitional to quartz-sericite-pyrite alteration (pyllic), peripheral to the potassic core of a porphyry system. In addition, it is important to note that some of the completed drill holes in SWB (including the Acacia Prospect drill test hole) contain appreciable copper sulphide minerals of high sulphidation affinity. This strongly suggests the occurrence of high-level intrusives at depth. Other areas that show significant copper mineralization within the Lobo tenements include: FNE, where high copper (up to 8.68 %) and silver (up to 1,792 g/t) values were obtained from float samples; Nagtoctoc, where chip samples of outcrops show 7.3 % copper and 87 g/t silver; and Pica Prospect. The latter prospect, although has not yielded significant

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copper and gold grades, features extensive silica capping that signifies intense acid leaching from magmatic derived fluids emanating from an interpreted porphyry intrusive source at depth. 2.0 INTRODUCTION AND TERMS OF REFERENCE This technical report was prepared by MRL Gold Philippines Inc. (MRL Gold), a wholly owned subsidiary of Mindoro Resources Ltd of Canada (TSX-Venture Exchange). It covers the results of the Phase 2 diamond drill program on the Lobo property from October 2003 to April 2004. The principal objectives of this second phase drill program were to extend the SWB ore-shoot and gain sufficient information to carry out a resource estimate. Lobo is located some 150 km south of Metro Manila (Figure 1). It is situated at Mabilog na Bundok village, municipality of Lobo, Batangas Province. This report was prepared jointly by: James A. Climie - P. Geologist and President, Edsel M. Abrasaldo, Fianza T. Lab-oyan, and Mervin C. de los Santos, Vice President, Senior Geologist and Geologist of MRL Gold respectively. All work was carried out under the direct supervision of James A. Climie, P. Geol. who carried out frequent and extensive site visits. Mr. Climie is a qualified person as defined by National Instrument 43-101. Edsel Abrasaldo has worked full-time for MRL Gold since 1997. His experience in mineral exploration in the Philippines dates back to 1977 and he has been involved in the countrywide exploration of various mineral commodities such as chromite (alluvial, elluvial, chromiferous laterite and Alpine-type deposits), porphyry copper-gold, zircon, rutile, manganese, feldspar, silica sand, PGM, and epithermal gold. From 1977 to 1985, he worked with Philchrome Mining Corporation, a Philippine mining company that began a pioneering countrywide prospecting for chromite sand deposits. The countrywide search resulted in the successful exploration, development and exploitation of the J.E. Thompson Mine in Palawan Island, which featured a state-of-the-art 40 ton-per-hour chromite processing plant. His work with Philchrome widened his career to include experience in production drilling, mining geology and mineral sands processing and prospecting. 1986 to 1996 was spent with Minimax Mineral Exploration Corporation. In this company, he was involved in the prospecting, acquisition, evaluation and exploration program management of numerous epithermal gold, vein-type gold, PGM and porphyry copper-gold prospects. His work with MRL Gold involves management of exploration projects, environmental management and community relations. Fianza T. Lab-oyan has 9 years of experience in gold and copper in both exploration and mine geology (both surface and underground mining). He has strong field experience in geological mapping and regional to detailed prospecting, and has managed diamond and reverse circulation drilling programs. He has worked as a Mine Geologist in Lepanto Mining Corporation (1995 - 1996), Benguet Corporation’s Antamoc Mine (1996 - 1997) and in Manila Mining Corporation (1999 - 2001), where he performed mine geology tasks such as mine grade control; ore zone delineation and ore block (including manual ore reserve) computations. In exploration, he played a major role in the preliminary investigation of the Boringot and Lit-ag Prospects of Benguet Corporation in Pantukan, Davao del Norte, and Mindanao, both of which exhibit low sulfidation style of epithermal gold mineralization. His work in the Boringot and Lit-ag Prospects included programmed and supervised reconnaissance to semi-detailed exploration work and drill target definition.

LOBO ANDBATANGAS PROJECTS

Marcopper

10°

200 Kms

TaysanDizon

WEST LUZONMAGMATIC ARC

Manila

120° 125°

15°

Man

ila T

renc

h

Philippine Fault Zone

Fig 1

MRL GOLD PHILS. INC.

LOCATION MAP OF LOBO AND BATANGAS PROJECTS

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In his stint with Manila Mining in the Surigao Gold District, he contributed to the discovery of the Anislagan-Makalaya porphyry copper-gold deposit in 2002. He is presently employed as a Senior Geologist with MRL Gold, assigned in its Batangas Projects. Mervin C. de los Santos has a combined 7 years experience for gold and copper exploration and production geology for both open pit and underground mine. Most of his professional life was devoted to Lepanto, as a mine geologist on the Victoria epithermal gold-copper underground operations, and as an exploration geologist for the mine’s tenement areas covering adjacent high to low sulphidation and porphyry copper deposits. He was involved in detailed exploration for gold and copper with Climax-Arimco in northeastern Mindanao, and with Placer Pacific in northern Luzon. He had additional mine geology experience at the Manila Mining gold–copper deposits and Semirara coal, which were both open pit mines. Ma. Elveta C. Comsti performed the petrographic and mineragraphic analyses. Ms. Comsti holds an MSc. Degree in Applied Science from the University of New South Wales in Kensington, Australia and she has more than 20 years experience in petrography and mineragraphy as well as related fields. She is currently a faculty member of the Mapua Institute of Technology in Manila holding the position of Professor 2, teaching Petrography and Mineragraphy. All information presented in this report was prepared in accordance with the requirements of National Instrument 43-101, Standards of Disclosure for Mineral Projects. It is noted that the format prescribed by that instrument has been followed as closely as possible, but that format is not necessarily considered to be the most logical format for an exploration report. 3.0 PROPERTY DESCRIPTION AND LOCATION The Lobo Project covers a total of 1,164 hectares and is centered at 13o 39’ 00’’ N latitude and 121o 15’ 00’’ E longitude. Central to this property is the Old Lobo copper-barite-silver-gold mine. An approved Mineral Production Sharing Agreement (MPSA) denominated as MPSA No. 176-2002-IV held by Egerton Gold covers the Lobo Property. It is located in the villages of Mabilog na Bundok, Nagtalontong, Nagtoctoc and Sawang all within the municipal jurisdiction of Lobo, Batangas Province. The mining claims comprising the Lobo Property were originally registered with the Mines and Geosciences Bureau-Regional Office No. IV (MGB-IV) by Resource Mineral Exploration Corporation, and individual claim owners Jose de Guzman and Trinidad de Guzman on July 23, 1986 and July 10, 1987. These same mining claims were assigned to Galactica Mineral Exploration Corporation through a Deed of Assignment dated August 31, 1988. On August 29, 1997, Galactica Mineral Exploration Corporation assigned its rights over the mining claims to Apical Mining Corporation, which in turn deeded the same to Egerton Gold on May 10, 2000. Mindoro through its wholly owned subsidiary, MRL Gold acquired the right to earn a 75 % interest in the Lobo Property when it signed an option agreement with Egerton Gold on October 23, 2000. The right to earn interest is exercisable over three phases with corresponding financial expenditures.

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4.0 PHILIPPINE MINING LAW 4.1 General Mineral resources in the Philippines are owned by the State. The Philippine National Minerals Policy of 2002 states that the mineral resources development shall be undertaken in a transparent and sustainable manner guided by relevant laws, rules and regulations, industry guidelines, and corporate responsibility and accountability, committed to the highest technical standards, management systems and practices, and engaged in a sustained process of consultation with local governments and communities, business groups, civil society and other industry stakeholders. The exploration, development and utilization of mineral resources may only be undertaken through grants of authority or rights to undertake such activities from the government. Republic Act Number 7942 (the Act) otherwise known as the Philippine Mining Act of 1995 (together with its revised Implementing Rules and Regulations (IRR)) is the present governing law on mining rights in the Philippines. 4.2 Mining Claims The exploration and development of mineral resources may only be undertaken through a permit granted by, or an agreement with, the government. Mining activities in the Philippines are governed by a Republic Act passed in 1995 (the Mining Act). Mining rights in the Philippines may take the form of (i) an exploration permit, (ii) a mineral agreement, or (iii) an FTAA. The Mining Act has eliminated the use of claims and leases for mineral properties on a prospective basis. However, claims and leases in existence when the legislation was enacted continue to be valid. 4.3 Exploration Permit An application for an exploration permit covering a certain area may be made to the Mines and Geo-sciences Bureau (“MGB”) of the Department of Environment and Natural Resources (“DENR”). It must be supported by exploration and environmental work programs and a financial plan and must comply with certain procedural requirements, including clearances from the DENR’s Forestry Management Bureau, and posting and publication of the application. The applicant is also required to secure from the National Commission on Indigenous Peoples (NCIP) under the Office of the President of the Republic of the Philippines a clearance (if the applied area is free from IPs) or a certification of free and prior informed consent (if the applied area falls within any of the Ancestral Domain Areas). Finally, a certification regarding the presentation of the exploration project is also needed from any two of the three local government units (the Sangguniang Panlalawigan or the Provincial Council; the Sangguniang Bayan or the Municipal Council; and Sangguniang Barangay or Village Council) where the applied area is located. Provided that all the requirements are in order and that the subject area has been cleared of any conflicting claims, the MGB-Regional Office normally grants the permit upon endorsement of the MGB-Central Office. The exploration permit is granted for a period of two years. The Secretary of the DENR through the Director of MGB may renew it for additional terms of two years each; but in no case shall the total duration exceed eight years. It may be cancelled if the Permittee fails to

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comply with any of the requirements, or violates the terms and conditions of the permit. In cases where further exploration is warranted beyond the 8-year period and on the condition that the Permittee has substantially implemented the Exploration and Environmental Work Programs as verified by the Bureau, the Secretary of the DENR, through the Director of the MGB, may further grant renewal of the Exploration Permit: Provided, that the Permittee shall be required to set up a performance surety equivalent to the expenditure requirement of the Exploration and Environmental Work Programs. The conduct of feasibility studies shall be included during the term of the Exploration Permit. Once the exploration permit is granted, the holder is granted exclusive right to explore the permit area. If results of exploration reveal the presence of mineral deposits economically and technically feasible for mining operations, the permit holder is required to prepare and submit to MGB a declaration relating to the feasibility of the mining project. If MGB approves the submission, it grants the Permittee the exclusive right to enter into a mineral agreement or FTAA, covering the permit area, with the government. However, the Permittee is required to relinquish annually to the government at least 20% of the remaining permit area during the first two years of exploration and at least 10% of the remaining permit area thereafter, during the extension period of the permit. However, if the permit area is less than 5,000 hectares, the Permittee need not relinquish any part thereof. Consequently, an applicant for an exploration permit must be prepared to aggressively pursue exploration or otherwise face renunciation of its exploration areas. An exploration permit is not required where a Mineral Production Sharing Agreement (“MPSA”) or FTAA proposal has already been filed. The Supreme Court ruling voiding the FTAA provisions of the Mining Act also voided certain provisions of the Exploration Permit insofar as said provisions relate to an FTAA. The Supreme Court ruled against allowing foreign companies to have more than 40% participation in a mining project. However, the decision is not yet final and executory and the DENR has already filed a motion for reconsideration on the said Supreme Court ruling. It is believed that any indirect interest beyond the 40% limitation or direct interest can be acquired by foreign companies through various mechanisms such as layered companies, preferred shares, financing fees, service charges [e.g. Malampaya Gas Project owned 90 % by foreign oil companies] etc. 4.4 Mineral Agreement A mineral agreement may take the form of either (i) an MPSA, (ii) a Co-production Agreement ("CPA"), or (iii) a Joint Venture Agreement ("JVA"). An MPSA is an agreement wherein the government grants the contractor the right to conduct mining operations within the contract area in consideration of a share in the production that typically takes the form of an excise tax. In turn, the contractor provides the necessary financing, technology, management and personnel. A CPA is an agreement between the government and the contractor wherein the government makes a contribution to the venture other than the mineral resources. A JVA is an agreement where a joint venture company is organized and jointly owned by the government and the contractor, for the purpose of conducting mining activities. MRL Gold does not have, nor does it currently intend to pursue, applications for CPAs or JVAs.

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A mineral agreement may be obtained only by an individual who is a citizen of the Philippines, or by a corporation, partnership, association or cooperative of which at least 60% of the capital is owned by citizens of the Philippines. The application for a mineral agreement must be accompanied by exploration and environmental work programs, financial plan, location map, proof of sufficient capital, proof of technical competence of the applicant, and applicant’s environmental track record among others. MGB will determine whether the area being applied for is available for mining operations, in which case an area clearance from the various agencies under the DENR will then be issued. The posting and publication of the application will then be made. If no adverse claim, protest or opposition is filed, the MGB will then issue a certification that no adverse claim exists. Otherwise, the adverse claim, protest or opposition must be resolved before MGB evaluates the application. The applicant is also required to secure from the NCIP a clearance (if the applied area is free from IPs) or a certification of free and prior informed consent (if the applied area falls within any of the Ancestral Domain Areas). Finally, a certification regarding the presentation of the exploration project is also needed from any two of the three local government units (the Sangguniang Panlalawigan or the Provincial Council; the Sangguniang Bayan or the Municipal Council; and Sangguniang Barangay or Village Council) where the applied area is located. Any adverse claim, protest or opposition to an application for a mineral agreement must be made within a period of 45 days from the date on which the application is last posted and published. If any claim, protest or opposition is made within that 45 days, MGB will not recommend the application for approval until such claim, protest or opposition is resolved. Once resolved or if no claim, protest or opposition is made within such 45 day period, MGB will review and evaluate the various work programs submitted and the technical and financial capabilities of the proposal and, if found in order, will recommend the application for approval by the Secretary of the DENR. Registration with MGB follows the approval by the Secretary. Thereafter, exploration may commence. A mineral agreement is valid for a term as may be mutually agreed between the applicant and the government not exceeding 25 years, subject to renewal for another period of 25 years under the same terms and conditions subject to changes mutually agreed upon by the parties and provided further that the terms and conditions are not inconsistent with the law and do not prejudice the principle of sustainable development. There is no prescribed term (subject to the initial or renewed 25 year term), and the term is subject to negotiation with the government taking into account the nature of the orebody and the expected mine life. Nor are there prescribed forms of mineral agreements. Further, there are no prescribed guidelines for processing mineral agreements or the underlying mineral claims although priority for consideration of a mineral claim for a particular area is given on a priority-filing basis. A mineral agreement gives the contractor the right to conduct mining operations and extract all mineral resources found in the contract area for the duration of the contract period. It further gives the contractor the option, subject to the approval of the Secretary of the DENR, to convert the mineral agreement into an FTAA covering the remaining period of the original agreement. The contractor may also assign the agreement to a qualified person with the prior approval of the Secretary. The contractor may also withdraw from the agreement with prior notice to the Secretary, due to causes, which make continued mining operations no longer feasible or viable.

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In addition to mineral agreements, MGB also requires a mineral processing permit, except when the approved work program included the processing of minerals, and an ore transport permit if the contractor has a need to transport either minerals or mineral products. The total government share in an MPSA consists of the excise tax on mineral products, while its share in the CPA and JVA is subject to negotiation with the contractor. Mindoro is the holder of an exclusive and irrevocable right to earn up to 75% direct and indirect interests in the Lobo MPSA held by Egerton Gold. 4.5 Financial or Technical Assistance Agreement A Financial or Technical Assistance Agreement (FTAA) is a contract involving financial or technical assistance for large- scale exploration, development and utilization of mineral resources. No minimum Philippine equity is required for a corporation, partnership, association or cooperative to enter into an FTAA with the government. Under an FTAA, the contractor is given the exclusive right to conduct mining operations and extract mineral deposits within the contract area for a term of not more than 25 years, renewable for an additional period of 25 years. The application for an FTAA must be approved by the President of the Republic of Philippines. Under the FTAA, the contractor is required to comply with a minimum expenditure obligation of at least US$4 million during the exploration and feasibility study periods, and must invest at least US$25 million for infrastructure and development in the contract area. In addition, a financial guarantee must be posted by the contractor in favour of the government before the President approves the FTAA. If a contractor decides to withdraw from a project due to concerns about its feasibility, it may apply to withdraw from the agreement. If the Secretary of the DENR approves the application, the contractor’s financial guarantee will be released. In all other material respects, the procedure and requirements for an FTAA are substantially the same as that of an application for a mineral agreement. The FTAA may be revoked by the government for any violation of its terms and conditions or of the law and regulations. There are no prescribed terms (subject to the initial or renewed 25 year term) for, nor prescribed forms of FTAAs. Further, there are no prescribed guidelines for processing FTAAs or the underlying mineral claim although priority for consideration of a mineral claim for a particular area is given on a priority-filing basis. If the economic viability of the orebody in the contract area is found to be inadequate to justify large-scale mining operations, the contractor may, subject to the approval of the Secretary, convert the FTAA into a mineral agreement. In the event of such conversion, the contractor has a period of one year from the filing of its intention to convert within which to achieve the required minimum Philippine equity participation. The contractor may assign the FTAA with the approval of the Secretary. Very recently, the Supreme Court of the Philippines, in the case involving the constitutionality of the FTAA mode provided by the Mining Act held the FTAA mechanism to be unconstitutional and void. The Department of Environment and Natural Resources (DENR) of the Philippines through the Office of the Solicitor General (OSG) and in consultation with the Department of Justice (DOJ) and Board of Investments (BOI) has filed

15

a motion for reconsideration on the Supreme Court ruling. The Supreme Court has yet to rule with finality on the motion for reconsideration. 4.6 Qualified Person “Qualified Person” means any Filipino Citizen of legal age and with a capacity to contract; or a corporation, partnership, association or cooperative organized or authorized for the purpose of engaging in mining, with technical and financial capability to undertake mineral resources development and duly registered in accordance with law, at least 60% of the capital of which is owned by Filipino citizens. Provided, That a legally organized Foreign-owned Corporation shall be deemed a Qualified Person for purposes of granting an Exploration Permit (EP), Financial or Technical Assistance Agreement (FTAA) or Mineral Processing Permit only. “Foreign-Owned Corporation” means any corporation, partnership, association or cooperative duly registered in accordance with law in which less than 50% of the capital is owned by Filipino citizens. In line with the principle of a rational and equitable distribution and utilization of mineral resources, the total aggregate area that may be held or granted to a single Qualified Person of an EP, Mineral Agreement (MA), or FTAA at any one time is limited to the maximum areas provided in the Act and the IRR. Each Qualified Person must have the financial and technical capability to undertake the submitted Exploration/Development/Utilization Work Program and the Environmental Work Program/Environmental Protection and Enhancement Program (EPEP) under the EP, MA, or FTAA. As further mandatory requirement in the acceptance of the Mining Application, the mining applicant for an EP, MA, or FTAA shall be required to have a minimum authorized capital stock of PhP10,000,000.00 and a minimum paid-up capital of PhP2,500,000.00 as further proof of its financial capability; Provided, that in case of applicants for FTAA, they shall be required to have a minimum authorized capital stock of US$4,000,000.00 or its Philippine Peso equivalent, after approval of the President of the Republic of the Philippines and prior to registration of the FTAA as provided for in the IRR. MRL Gold is the holder of an exclusive and irrevocable right to earn up to 75% interest, direct and indirect, in the Lobo Property. Under the agreement with Egerton Gold, a qualified joint venture company, at least 60% of the capital of which is owned by Filipino citizens, will have to be formed into which the mining rights from Egerton Gold will be transferred. A maximum of 40% of this joint venture company will be assigned to MRL Gold to accommodate the direct interest it has earned in a certain project. MRL Gold will acquire the indirect interest by means of preferred shares, financial fees or service charges. For example, the Malampaya Deep Water Natural Gas Project, a successful US $4.5 billion project and flagship for foreign investment in the Philippines, is owned 90% by Shell and Texaco. Disbursement of commercial proceeds to Shell and Texaco is via service contract fees. The transfer of mining rights from Egerton Gold into the joint venture company that will be formed will need the approval of the Secretary of the DENR.

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4.7 Government Involvement There is no prescribed interest or percentage share in an FTAA or mineral agreement to which the government is entitled. The factors that will determine the government's share or interest include the amount of capital being invested, the risks inherent in the project, including any technical complexities, and the social and economic benefits of the project. The government’s share is expected to be not less than the excise tax on metallic and non-metallic products and could consist of, among others, the corporate income tax, excise tax, special allowances and all such other taxes, duties and fees as already provided under existing laws. The government may approve an FTAA or MPSA on the basis of the social and economic benefits and the revenues, from tax or otherwise, that may be derived from the project. With regard to an FTAA, the same may provide that the collection of the government share is postponed until the contractor has recovered its pre-operating, exploration and development expenditures. In addition, the government is entitled to a minimum 5% royalty if the contract area is within a mineral reservation. Mineral reservations contain minerals or materials established by the President of the Republic of the Philippines as being important to the national interest or that have scientific, cultural or ecological value. Mineral reservations may be established at any time. 4.8 Environmental Matters The Philippine Government grants EP’s, MPSA’s or FTAA’s on the condition that the subject mining activities are managed in a technically, financially, socially, culturally and environmentally responsible manner to enhance the national growth and welfare of the Philippines. The DENR requires an Environmental Clearance Certificate (ECC) for any mining activity. The ECC refers to the document issued by the Secretary of the DENR certifying that based on the representations of the proponent and the preparers (the proponent’s technical staff of the competent professional group commissioned by the proponent to prepare the Environmental Impact Statement (EIS) and other related documents), as reviewed and validated by the Environmental Impact Assessment Review Committee (EIARC), the proposed project or undertaking will not cause a significant negative environmental impact; that the proponent has complied with all the requirements of the Environmental Impact Assessment System (EIAS); and that the proponent is committed to implement its approved Environmental Management Plan in the EIAS or mitigation measures in the Initial Environmental Examination (IEE). The issuance of the ECC by the DENR, which is necessary prior to the conduct of any mine development work and construction of the production facilities in the Contract Area, involves the commissioning of the Environmental Impact Assessment (EIA) and the preparation of the EIS. The EIA refers to the process of predicting the likely environmental consequences of implementing projects or undertakings and designing appropriate preventive, mitigating and enhancement measures. On the other hand, the EIS refers to the documents of studies on the environmental impacts of a project including discussions on direct and indirect consequences upon human welfare and ecological and environmental integrity. The Environmental Management Bureau (EMB)/DENR-Regional Office in coordination with the Mines Geosciences Bureau, shall take the primary responsibility for the acceptance, processing, evaluation and monitoring of the EIS and the IEE. The EMB/Environmental Management and Protected Areas Services (EMPAS) shall have the

17

authority to recommend to the Secretary any appropriate action on applications for an ECC. The ECC is the basis for the Environmental Protection and Enhancement Program (EPEP), which every party to an MPSA must undertake within the subject area of the MPSA. The EPEP refers to the comprehensive and strategic environmental management plan for the life of a mining project on which the Annual Environmental Protection and Enhancement Programs (AEPEP) are based and implemented to achieve the environmental management objectives, criteria and commitments including protection and rehabilitation of the disturbed environment. The EPEP must be submitted by the company within 30 days from receipt of the ECC. To effectively implement an approved EPEP, the AEPEP is required to be submitted 30 days prior to the beginning of every calendar year. Minesite inspections and quarterly monitoring are conducted by the DENR and a multipartite monitoring team composed of local government units, host communities, non-governmental organizations, the DENR and the company to ensure compliance with the AEPEP. Companies are required to rehabilitate technically and biologically all areas that are excavated, mined out, covered with tailings or otherwise disturbed and to establish a mine rehabilitation fund, based on their work program. Such a fund must be deposited as a trust fund in a government depository bank and is used for the physical and social rehabilitation of areas and communities affected by mining activities as well as for research on the social, technical and environmental enhancement aspects of rehabilitation. 5.0 ACCESSIBILITY, CLIMATE, PHYSIOGRAPHY Lobo is located 150 aerial km south of Metro-Manila (Figure 1). It is situated at Mabilog na Bundok village, municipality of Lobo, Batangas province. It can be accessed via the national highway passing thru Batangas City for 110 km. Another 33 km of all-weather and well-maintained road leads to Lobo municipality. This township is situated 2 km from the nearest shoreline. Some 3 km away via good road is the Mabilog na Bundok village. The Old Lobo Mine can be reached via a 2-km old mine road from Mabilog na Bundok village center. The total travel time from Manila to the Old Lobo Mine is approximately 3.5 hours. The area is characterized by moderate to high relief topography with maximum elevation of around 400 m above sea level (masl). The central and western part of the tenement varies from 100 to 300 masl. The whole area is deeply incised by numerous creeks. The central part is being drained southwest principally by the Batang Creek towards the main Lobo River. The northern part is being drained westward by the Olango River, a main tributary to the Lobo River system. The local climate is characterized by short dry season lasting for 5 months from December to April and wet season from July to November with no pronounced maximum rain period. This part of the country is not along the normal path of tropical cyclones, but monsoonal rains from July to October bring an average monthly precipitation of 250 mm. 6.0 HISTORY Copper has been historically known at Lobo before its discovery in 1905 by William D. Smith. A “little work” was reportedly done at that time but no production record is available. No other mining activity has occurred until World War II, when the Japanese

18

conducted tunneling work in areas some 1.5 km south, and 2 km northwest, of the Lobo minesite. The Lobo deposit was first mined for barite in 1949 by Pan Philippines Corporation (Pan Philippines). In the 1950’s, Engineer Sampson, a retired American mining engineer, recognized the potential for substantial copper ore and reportedly initiated small-scale tunneling work at the West Drift, but ore extraction ceased not long after his death. The Philippine Bureau of Mines (now the Mines and Geosciences Bureau, or MGB) and the Nippon Mining Company of Japan had examined the property between 1950 and 1954. The property was investigated in 1955 - 56 and later diamond-drilled by Surigao Consolidated Mining Company (Suricon) in early 1961. Results are unknown. No tunneling work or any ore production was conducted by Suricon. In July 1961, Frontino signed a contract on a royalty basis to evaluate the mine, spending almost a year in refurbishing the old workings and checking the results obtained by the Bureau of Mines. Several diamond drill holes were completed. Copperbelt Mining Corporation (Copperbelt) was then organized and Frontino Corporation thereupon assigned its contract with Pan-Philippines to Copperbelt. Pan Philippines initiated underground work and mined both barite and shipping-grade copper ore. Reported blocked out mineable resource at that time (Philippine Mining Journal, 1964) was 100,000 tonnes at 3.5 % copper, 1.8 g/t gold and 42 g/t silver. From June 1963, Copperbelt gained control over the property and construction of the mill began. Concentrates of 20 to 27 % copper, 10 to 13 oz silver and 0.35 to 0.40 oz gold were produced in May - July 1964, from head grades averaging 3 % copper. During 1966 - 1969, underground work at the Sampson East Vein was further conducted. Production was reported at 604 kg of copper metal (from an average head grade of 2.67 % copper), 47 kg of gold, and 956 kg of silver. There was no further production after 1969, where the mine and mill equipment were transferred by Copperbelt to Black Mountain mine in Baguio City. Remaining mineable reserve was reported by the Mines and Geosciences Bureau (MGB, 1984) at 177,520 tonnes at 0.42 % copper and 90,720 tonnes at 20.57 g/t gold. Several companies looked at the Lobo property during the copper boom in the 1970’s. Attention was focused, however, on bulk-mineable, low-grade porphyry copper styles elsewhere in the country. The MGB conducted in 1975, mainly for copper, a reconnaissance geological mapping, mineral resource evaluation, and stream-sediment survey over southern Batangas Province, including the Lobo Property (as reported by Avila, 1980). Several copper prospects were documented, including old mine workings and abandoned prospects. The –80 mesh stream sediment survey highlighted some drainage with anomalous copper, which includes the Lobo Mine (Sampson Vein) and a tributary (Copper Creek) 1.5 km to the south. BHP Minerals conducted a helicopter-borne aeromagnetic survey over southern Batangas in 1996 (then in joint venture with Chase Resources). These data were interpreted and ground-truthed by Dr. G. Corbett, a consulting economic geologist. His report highlighted the Lobo Property as a high-sulfidation, epithermal fissure vein system similar to Chile’s El Indio bonanza copper-gold deposit (Corbett 1996). Chase did not do any further serious work at Lobo as they were tied up with their Taysan porphyry copper-gold (13 km north of Lobo) resource-definition drilling project and were unable to conclude a deal with the property owner.

19

Billiton purchased the aeromagnetic survey data from Chase in 1998, after they had conducted a tenement due diligence and technical data evaluation of the Lobo and Archangel Projects (Tebar 1998). During early 1999, Billiton processed and interpreted the aeromagnetic data (Haynes 1999). Billiton interpreted a cluster of six distinct magnetic responses within the Lobo tenement, and one just outside, in ground also controlled by MRL Gold / Egerton. These anomalies were interpreted as high-level intrusions with which porphyry copper-gold mineralization could be associated. A potassium anomaly occurs associated with three of the magnetic anomalies in proximity to the old Lobo Mine, West Drift –SWB areas, which may reflect potassium enrichment and potassic alteration. Billiton did not progress beyond due diligence as they were also unable to conclude an agreement with the claim holder. In 1997, Egerton Gold NL of Australia entered into a deal with the claim holder, Apical Mining. However, shortly after that, the minerals market collapsed and Egerton withdrew from the Philippines. The mineral interests of Egerton were purchased by private Philippine and Australian interests, amalgamated as Egerton Gold Phils. Inc., to hold the Lobo and Archangel Projects. In 2000, MRL Gold entered into a deal with Egerton Gold to acquire a 75 % interest in both projects. Reconnaissance work by MRL Gold (September, 2002, report by Ruelo) conducted in July, 2002, outlined two major epithermal vein / breccia systems: the Camo and Sampson Trends, 0.8 km apart, each extending over at least 2 km of strike, with widths to at least 20 m. Reconnaissance rock sampling indicated that high gold-copper-silver values occur widely distributed along these trends (Ruelo, 2002). Phase I diamond drilling commenced in April 2003, and focused on the SWB Zone, in the southwestern part of the Camo Trend, where a float sample assaying 22.43 g/t gold was previously reported (Ruelo, 2002). Thirteen drill holes were drilled for a total of 1,005 m. Phase I was completed on September 2003. Phase 2 drilling commenced in October 2003 where 15 holes were drilled aggregating 991.4 m. Focus was on the SWB with the aim of blocking out a gold resource for this particular ore shoot. One hole was drilled in Acacia Zone where encouraging results were encountered. Phase 2 was concluded in April, 2004. In December 2003, MRL Gold conducted a ground magnetic survey over part of Lobo to confirm the aeromagnetic anomalies previously delineated by Billiton. The survey covered 9.6 line km in West Drift, Bukal, SWB, Old Lobo Mine, East Ridge, Camo Prospects and part of FNE Zone. 7.0 GEOLOGICAL SETTING 7.1 Regional Geology Lobo is situated in a Tertiary calc-alkaline volcano-plutonic arc complex related to the subduction of the South China plate underneath the southernmost segment of the Manila Trench. Figure 2 shows the location of regional mineral prospects, including the Lobo and Archangel tenements. At least 6 porphyry copper-gold occurrences are located within, and at the margins, of this batholithic complex, including the Taysan Deposit (Chase 1995), Tubahan, El Paso, Nasp Ridge, Palacpac and Catapong prospects. The Antipolo gold

Vein / breccia

Palacpac

Ocean

Copper-gold prospects / old mines

River / creek

%

Kalabasa

AgasBootin

%

2 kms

Kay Tandainferred gold resource 370,000 oz (open)

%

% Catapong

ARCHANGEL COPPER-GOLD SYSTEM

ARCHANGEL PROJECT

Batangas ProjectsLOCATION

Mindoro Resources Ltd.

%San Nicolas

%

%

%

New Application /Acquisition Lands

12°20'

Calo%

Bigaa

"

Camo Trend

Sampson Trend

%

Ligwayen

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Nagtoctoc

12°15'

13° 38'

13° 42'

%

%

%

Balatbat

LoboMine

SW Breccia

LOBO PROJECT%

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% Taywanak Creek

Fig. 2

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prospect is a mesothermal gold vein occurrence proximal to the Taysan Deposit. South of the Laiya Fault, several copper ± gold deposits and prospects are known (Bigaa, Talahib, Ligwayen, Balatbat, Calo, Lobo, Archangel and Balibago). The oldest rocks in the district are Lower Tertiary (Paleogene) arc-basement sequences comprising inliers of massive, regionally metamorphosed andesitic flows and meta-sedimentary rocks (Avila 1980). A massive outcropping Early Miocene batholith – the San Juan Diorite, intrudes these older sequences to the northeast of the Lobo tenement. This intrusive complex is basically coarse, equigranular quartz hornblende diorite in composition. Several low-grade porphyry copper deposits are associated with the San Juan Diorite complex. Within and adjacent to the Lobo tenement are massive volcanic flows comprising porphyritic hornblende andesite – the Middle Miocene (?) - age Talahib Andesite. This rock unit forms the country rock into which younger Miocene-Pliocene intrusives and Quaternary volcanics were emplaced. Thin lenses of Upper Miocene-Pliocene limestone (Mapulo Limestone) were reported overlying the Talahib Andesite. A very limited exposure of this older limestone was mapped within the Lobo tenement where it occurs as white to buff, soft, porous, and contains minimal coral fingers; jasperiod is present where the rock unit is altered. A young conglomeratic unit – the Pinamucan Formation, overlies the Mapulo Limestone and the Talahib Andesite. This sedimentary rock unit, paleontologically dated Pliocene in age, consists of poorly consolidated polymictic conglomerate, sandstone and shale. A widespread Quaternary volcanic unit – the Lobo Agglomerate, blankets much of the district. This younger volcanic cover consists of coarse andesitic agglomerate, volcanic breccia, and fine-grained ash-fall tuffs (Taal Tuff). A younger reefal limestone overlies all the previous units – the Quaternary Limestone. This thin karstic limestone drapes over all rock units close to the present shoreline. The main structural grain in southern Batangas trends northwest and is interpreted as dispersed splays of the Philippine Fault Zone. The main structure is the Laiya Fault, a west-northwest suture related to accretion tectonics (Corbett 1996). The Laiya Fault (Avila 1980) is marked by a large curvilinear magnetic low, resulting mainly from magnetite destruction by shearing and alteration. Other obvious structural zones are the northeast-trending faults. These are interpreted as regional transfer structures related to the sinistral strike-slip deformation along the splay of the Philippine Fault in the Batangas region. One of these regional northeast structures is the Taysan Transfer Structure, which traverses the Taysan porphyry copper-gold deposit. Taysan reportedly contains a resource of 209 million tonnes at 0.37 % copper and 0.26 g/t gold (Chase 1995). The Lobo tenement is transected by two sets of structures, both northeast and northwest-trending regional lineaments, most of which are believed to be deep-seated faults related to a splay of the Philippine Fault Zone in the Batangas district. The Southwest Luzon segment of the West Luzon Magmatic Arc in Batangas province contains volcano-plutonic complexes formed during oblique subduction of the Manila Trench sector, which has imposed sinistral strike-slip deformation on structures related to the Philippine Fault. 7.2 Project Geology

Lobo typifies the young, relatively unroofed calc-alkaline magmatic arc setting- an andesitic volcanic-dominated country rock with possible inliers of Tertiary high-level intrusives and

22

outliers of sub-aerially erupted andesitic volcanics (Figure 3). Lobo is located along a regionally wide, northeast-trending structure, believed to be a dilational jog genetically related to a splay of the Philippine Fault. Epithermal style mineralization at Lobo is structurally controlled, and comprises both low- and high-sulfidation mineralization styles commonly associated with barite-quartz-pyrite-clay gangue mineral assemblage, a unique but not an uncommon feature among other high-sulfidation systems in the Philippines and elsewhere. To date, at least a dozen prospects have been located within the tenement, most of which are spatially disposed along 2 major sub-parallel vein-breccia systems. The previously known Sampson Vein was mapped over a strike-length in excess of 1.3 km and based on float and subcrop distribution, is believed to be over 2 km long. The Camo Vein, located 0.8 km to the southeast of the Sampson Vein, was mapped over at least 1.25 km, and float and subcrop distribution indicates this is also potentially over 2 km in strike-length. The SWB lies along the southwest portion of the Camo Trend. Based on the aeromagnetic data, and partially confirmed by ground magnetic survey data, there are from five to seven magnetic highs on the Lobo Property that are interpreted (by Billiton) as representing high-level porphyry intrusions. Figure 4 shows the interpreted north-south geologic section.

7.2.1 Lithostratigraphy

Massive Miocene Andesite Lobo is underlain by the Miocene Talahib Andesite. This rock unit comprises the bulk of outcrops and other rock units underneath younger volcanic cover. The andesite at Lobo is generally massive, medium-grained porphyritic hornblende andesite. Plagioclase (An<50) dominates the primary mineralogy while hornblende (lamprobolite) is subordinate. The andesite unit may be fresh unaltered to hydrothermally altered when proximal to mineralized structures and prospects. If hydrothermally altered, the mineralogy exhibits gradational characteristics of Propylitic, argillic, and advanced argillic assemblages to zones of intense quartz-pyrite-barite alteration. Miocene Tuff and Limestone The massive andesite is thought to be intercalated in the upper eroded sections with fragmental volcanics consisting of medium-grained tuff breccias and lenses of limestone (correlate of Mapulo Limestone). The altered counterpart of this limestone could be the jasperiod boulder-cobble float and sub crops noted at the southwestern portion of the tenement. Pliocene Conglomerate Thick piles of unconsolidated polymictic conglomerate, sandstone and shale beds (correlate of Pinamucan Formation) cover most of the southern portions of the tenement. Some units are also exposed west of the tenement area. These are basically transported and reworked unconsolidated to poorly lithified deposits of older rock units. Quaternary Volcanics This unit overlies most of the andesitic country rock. It consists of a thick pile of coarse andesitic sub-aerial volcanic breccia (Lobo Agglomerate). The eastern and

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CAMOTREND

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Mindoro Resources Ltd.

Lobo ProjectCOMPILATION

Alluvium

Cover sediments / volcanics

Altered mineralized volcanics

Jasper veins / veinlets

Vein-brecciaMapped / probable / inferred

Silica cap

500 metres

Ground magnetic anomaly

Prospect

River / creek

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Fig 3

A'

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LOBO PROJECTInterpreted Section

Looking East

MAGNETIC HIGH

Lobo Mine SW Breccia

B'

Interpreted copper-gold

porphyry

Chlorite-clay-pyrite ± magnetite ± calcite

Hydrothermal breccia / vein complexFig 4

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SilicificationQuartz-barite-pyrite

Clay-pyrite-quartz

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LITHOLOGY ALTERATION

Calumpang / Pica200 m

ASL

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MAGNETIC HIGH

Nagtoctoc

Quaternary cover

Tertiary limestone

Tertiary andesite

Diorite porphyryvv

25

northern portion of the Lobo tenement is blanketed by this younger volcanic cover, which attains thickness to as much as 150 m. Overlying the thick agglomerate unit is another thick (up to 20 m) layer of sub-aerial ash-fall vitric tuff (Taal Tuff), which outcrops mostly in the northern and northwestern portions of the tenement. Quaternary Limestone Young reefal limestone formations occupy the southern areas, extending down to the shoreline. It also forms remnant thin outliers at ridge tops in the central area of the tenement. This limestone is unaltered and is generally porous.

8.0 DEPOSIT TYPES At least 13 prospects occur within the Lobo Project. These prospects display a broad spectrum of mineralization styles – from low to high-sulphidation breccias, veins and replacements, to possible porphyry copper-gold–related stockwork veining. Mineralization controls include the following:

• Faults - fault system consisting of district-wide, northeast-trending lineaments are interpreted to comprise “transfer structures” – tension gashes or zones of tectonic dilation. This fault system seems to exert a major influence on the permeability of each prospect’s hydrothermal system, localizing fluid upflow along a steep, near-vertical feeder conduit.

• Shallow Intrusions - high-level intrusives likely provided the hydrothermal energy

and source of magmatic volatiles. Most work has been carried out to date at SWB, where epithermal style mineralization is structurally controlled, and comprises both low- and high-sulphidation state copper (± iron) sulfides commonly associated with barite-quartz-pyrite-clay gangue mineral assemblage. Currently known significant mineralization occurs at two major epithermal vein/breccia systems: the Sampson and Camo Trends, about 0.8 km apart, and several other, partially-defined systems. These vein-breccia complexes are located along regionally wide, northeast-trending structures, orthogonal to the main Manila Trench related Tertiary volcano-plutonic arc complex. These structures are interpreted as regional “transfer structures” related to the sinistral strike-slip deformation along the splay of the Philippine Fault in the Batangas region. Mario Aurelio, Ph.D, a Structural Geologist commissioned by MRL Gold in 2003 to do structural interpretation of the Lobo Project, commented during his visit that, “the Lobo vein systems were formed through a stress system that allows either alternate or simultaneous (oblique) normal or strike- slip faulting. Such a stress system maybe produced in a transtensional tectonic setting (pull-apart) where shearing is not expressed as a well-defined fault fracture but rather as a zone bounded by a shear pair. In structures produced through such settings, it is common to find swelling at the center of dilation and thinning out towards the shear boundary (hence, exhibits pinch and swell). Veins of this type result from the filling in of transtensional en echelon tension gashes” (Aurelio, 2003). The regional setting and internal characteristics of SWB suggest an origin in a near-surface subvolcanic environment. Preliminary textural characteristics suggest that this zone represents a zone of boiling. This gold-silver-copper mineralization is situated in the southwest segment of the Camo Trend and is partly delineated (still open ended) by the

26

Phase 1 and 2 drilling programs. Mineralization occurs primarily as multi-episodic vuggy hydrothermal breccias and microveinlets. Gangue minerals are chalcedonic to opaline silica-kaolinite-alunite-barite. Ore minerals in the more-localized, high-sulphidation parts of SWB are chalcopyrite, tetrahedrite, bornite, covellite, and enargite, likely of high-level epithermal origin, whereas in the more-dominant, low-sulphidation parts, sulfides are largely restricted to pyrite, associated with minor base metals. SWB exhibits an apparent lateral metal zonation, consisting of a high-gold zone at Dita barite area (northeast) and a gold-copper-silver zone at the Japanese Tunnel (southwest) and in Acacia (northeast). This probably reflects the complexity and variation of the multi-episodic nature of brecciation and hydrothermal fluid flow. Epithermal style mineralization at SWB is structurally controlled, as it is through the entire Camo and Sampson Trends. The exploration model for SWB Zone is a structurally-controlled zone of multiple, pinch-and swell to tabular, probably coalescing hypabyssal breccia bodies at the top of, or abutting the edge of a mineralized porphyry intrusive. Figure 5 shows the exploration model for the Lobo Project, which is also applicable to the region as a whole and the other MRL Gold projects. Porphyry copper-gold mineralization is postulated associated with high-level intrusions. Proximal mesothermal precious and base metal deposits may occur in proximity to the intrusions and at higher levels, both high- and low-sulphidation precious (base) metal mineralization, as seen in the extensive vein breccia trends at Lobo and vicinity. Where limestones occur in proximity to the mineralizing porphyry intrusions, skarn (proximal) and Carlin-style deposits (distal) might be anticipated. In fact, in places, limestones exhibit strong silicification. 9.0 MINERALIZATION 9.1 Lobo Project 9.1.1 General Previous field reconnaissance investigation (Ruelo, 2002) revealed two major, sub-parallel vein breccia systems. The previously known Sampson Trend was mapped over a strike-length in excess of 1.3 km, and, based on float and subcrop distribution, is believed to be over 2.5 km long. The Camo Trend, located 0.8 km to the southeast of the Sampson Trend, was mapped over at least 1.25 km, and float and subcrop distribution indicates this is also potentially over 2 km in strike-length. These dimensions are significantly greater than previously recognized. Several other, more restricted barite-quartz ± sulphide vein breccias, were located and mapped to the north, east and southwest of the Sampson and Camo trends. To date, Phase 1 and Phase 2 drilling programs have focused on a small part of the Camo Trend, SWB. A drill test of the Acacia Zone was also conducted during the Phase 2 drilling. 9.1.2 Southwest Breccia Previous investigation of SWB included limited selective mining of high-grade copper ore by the Japanese during World War II (Japanese Tunnel), and barite nearby (Dita Area) by Pan Philippines in the 1950's.

Fig 5

Andesitic volcanics

Calcareous sediments

Advanced argillicalteration

Diatreme breccia


LOBO PROJECTLobo Deposit Model

Quartz stockwork

Diorite porphyry

Limestone

Skarn Cu-Au

Carlin-typeAu-Ag

SouthwestBreccia

Top of "basement"

Low-suphidationAu breccia

High-sulphidationCu-Ag-Au vein

MesothermalAu-Cu-Pb-Zn vein Porphyry

Cu-Au

High-sulphidationAu-Ag vein

Hi-sulphidationCu-Au-Ag

replacement / breccia

28

Figure 6 is an interpreted geological map of SWB. Rock exposure at SWB is only 10-15%. Detailed boulder mapping and trenching by MRL Gold has traced mineralization over at least 370 m along-strike in a curvilinear zone, with interpreted true widths up to 20 m. To date, over 250 m strike length of SWB has been drill tested and results indicate the mineralization is still open on both ends. The zone generally trends 045° and dips variedly at 65° to 70° northwest. Drilling partly established a true vein width of up to 15 m with a down-dip continuity of over 167 m reckoned from surface trenches, and is open at depth. No visible gold has been observed at SWB, but gold grade appears to be high within the swelled portion of the vein breccia (sections 10,155N; 10,172N). Relatively lower grades and lesser widths, but still of potential economic interest, were intersected at grid north (LB-22, 23 and 26) (complete drill results are reported elsewhere in this report). SWB exhibits an apparent lateral metal zonation, consisting of a high gold zone at Dita barite area (northeast) and a gold-copper-silver zone at the old Japanese Tunnel workings (southwest). This observation probably reflects the complexity and variation of the multi-episodic nature of brecciation and hydrothermal fluid flow. Mineralization at SWB thus occurs in two different styles; as seen in the Dita and Japanese Tunnel sub-zones. Mineralization at SWB (Dita sub-zone) occurs primarily as multi-episodic vuggy hydrothermal quartz-barite-pyrite-clay breccias and micro-veinlet arrays, whose boundaries are conspicuously constrained by andesitic wall rock lithology. Breccias are texturally matrix-supported, heterolithic mixture of chalcedonic quartz, crystalline barite, kaolinite to alunite clay and minor sulfides, consisting of pyrite and chalcopyrite. Vein mineralization and silica replacement textures are also developed. Crustiform-colloform banding is a result of primary growth open-space filling textures, involving multi-episodic generations of barite, quartz and pyrite deposition. Cockade-textured breccia mineralization styles are also developed alongside banded types. Massive replacement, often as vuggy quartz occurs in association with pyrite and clay. This points to a dominantly low-sulphidation style, probably overprinted onto an earlier high-sulphidation hydrothermal system. The Japanese Tunnel sub-zone of SWB represents a gold-silver-copper target, and is present in hydrothermal breccia associated with quartz-barite-sulphide gangue mineral assemblage. Breccias are texturally matrix-supported, heterolithic mixture of chalcedonic quartz, crystalline barite, kaolinite to alunite clay with more abundant (2 to 10%) sulphides, consisting of chalcopyrite, bornite, covellite, and enargite – an assemblage suggestive of a high-sulphidation epithermal affinity for its origin. The andesite host rock in SWB is variedly oxidized (hematitic) and selectively to pervasively altered to chlorite- magnetite- pyrite- clay± calcite, if distal to the mineralized zone, and grades to clay- pyrite± quartz± calcite, if proximal to the vein. Approaching the center of mineralization, clay is depleted resulting to quartz- pyrite as the immediate alteration halo of the vein breccia. Episodic hydrothermal fracturing and or brecciation are accompanied by corresponding quartz replacement and mineralization. The gray silica replacement in the matrix post-dated the first stage brecciation with accompanying fine sulphides as sporadic disseminations and/ or as reaction rims in some clasts. Second stage brecciation brought forth the deposition of very fine sulphides > quartz with minimal hematite in places. The sulphides occur as vug fills and in irregular concentrations during this stage. Third stage brecciation introduced the dark sulphides (py >> cpy) + quartz veinings. Re-fracturing during this brecciation stage deposited clay (smectite)>> magnetite, chlorite as matrix, and quartz- clay veins/veinlets bordered by very fine sulfides

78°

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1919 2222

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2424’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’

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55’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’

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1616’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’

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1212’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’ 22

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’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’

8899

LOBO PROJECTSWB prospects

Interpreted Geology

Fig 6


Inclined drill hole / number;projected to surface

3

Vertical drill hole / number

Creek

50 meters

??

?

?

Mapped / probable / inferred vein breccia

Quartz-pyrite ± clay alterationClay-pyrite ± quartz ± calcite

Silica cap

(((((((((((((((((((((((((((((((((((((((((((((((((

’2Fault

Binong

Calumpang

East Ridge

Balisong

LOBO MINE

Far NE

HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

TENEMENT BOUNDARY


SW BRECCIA

Acacia

Jane

HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHBahayan

J Hill

HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH Camo


West Drift


HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH


PROSPECTSINDEX MAP



Pica

Mir

Nagtoctoc

%


HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH500m

121°15'

Quaternary agglomeratePropylitized andesite(chlorite-clay-pyrite- ± quartz ± calcite ± magnetite)

Quartz -barite-pyrite ± breccia

Quaternary colluvium

Sampson Trend

Sampson Trend

Sampson Trend

Sampson Trend

Sampson Trend

Sampson Trend

Sampson Trend

Sampson Trend

Sampson Trend

Camo Trend

Camo Trend

Camo Trend

Camo Trend

Camo Trend

Camo Trend

Camo Trend

Camo Trend

Camo Trend

13°38'

13°40'

Bukal

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(dominantly pyrite) along selvages. This later stage also may have brought forth the deposition of base metals that are prominent along fracture planes (as noted in some drill holes (e.g., LB-17). The colorless variety of sphalerite dominates, although the resinous to medium dark (Fe-rich) variety also occurs. Chalcopyrite occurs side by side with the pyrite and/or as inclusions in sphalerite and galena crystals. Base metals (sphalerite, galena, chalcopyrite) increase towards the bottom. Drillcore Alteration Alteration types recognized in drill core at SWB are:

• Quartz-Barite-Pyrite ± Clay (QBPC) This alteration assemblage occurs as replacement, fracture/ vug-fill, veinlets, and as breccias. As with the surface samples, QBPC breccias in drill core are the best mineralized, with up to 52.90 g/t gold intersected in hole LB-07. Not all QBP breccias, however, carry high gold grades. The least-mineralized breccia sample was in hole LB-23, which returned 0.14 g/t gold. Increasing clay contents tends to lower the overall grade of the mineralized breccia body (e.g. hole LB-13, 16 and 21).

• Quartz-Pyrite-Clay (QPC)

In the absence of barite, material with intense pervasive silica replacement with pyrite and clay has more modest grades. QPC alteration is found in holes LB-08 and LB-09. If it occurs as breccia, moderately low grades are expected, as at LB-05 where a QCP-altered breccia assayed 0.71 g/t gold. In more sulphidic sections, Quartz-Pyrite-Clay Replacements in holes LB-10 and LB-11 also have modest grades (best to date is 0.76 g/t gold).

In the absence of clay and with increasing pyrite content, this alteration type is gradational to the Quartz-Pyrite assemblage, and the grades are expected to increase, especially if it occurs as breccias, as in hole LB-08 (Quartz-Sulphide Breccia with 4.97 g/t gold and 1 % copper). More silicified intercepts have moderate grades, such as the Silicified Andesite Breccia in hole LB-07 and LB-25 (up to 1.20 g/t gold and 0.2.0 % copper).

• Clay-Pyrite ± Quartz ± Calcite (CP)

This is characterized by weakly mineralized, intensely argillic alteration with patchy weak to moderate silicification. On surface, this alteration assemblage corresponds closely to CQP (Clay-Quartz-Pyrite). Clay-pyrite assemblages were seen in units named as Argillized Andesite in holes LB-03 and LB-07, LB-16 and LB-21, Clay-Pyrite Altered Andesite in holes LB-05, LB-08 to LB-27, and Clay-Pyrite Replacement in hole LB-10. Calcitic clay-pyrite units were seen in units identified as Brecciated Altered Andesite and Fault Breccia in hole LB-01. Minor amounts of quartz, chlorite, gypsum and magnetite are sometimes associated with this assemblage, as in the Hydraulic Fractured Andesite unit encountered in hole LB-02, and the Argillized Andesite unit in hole LB-05. Clay-pyrite-quartz assemblages are intercepted as intense pervasive Replacements in hole LB-11 and as Clay-Pyrite Zones in hole LB-07.

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The grades for this assemblage are very low to barely anomalous. The best grade seen to date is 0.798 g/t gold, intersected in hole LB-09 in a clay-pyrite breccia sample, associated with 0.17 % copper. There are exceptions, however, where clay-pyrite alteration is associated with hydrothermal breccias, as in hole LB-03, where a hematitic breccia assayed 3.96 g/t gold.

• Pyrite ± Clay ± Chlorite ± Calcite ± Quartz (P)

This alteration assemblage, often unmineralized or weakly mineralized, is peripheral to the mineralized breccia body, occurring in units identified as Pyritic Hydrofractured Andesite in holes LB-03 and LB-04, and Pyrite-Clay Breccia in hole LB-05. As with the Clay-Pyrite-Quartz assemblage, low grades may be present (less than 0.5 g/t gold), in the presence of additional silica as quartz.

• Propylitic (PRO)

A common alteration assemblage in both the hanging wall and footwall of the mineralized breccia. As at surface, the dominant minerals are chlorite-magnetite-smectite-pyrite-calcite with traces of clay (illite-sericite) and gypsum. Gold grades are usually very low.

9.1.3 Acacia Zone A test hole (LB-27) was drilled in Acacia Zone to test the outcropping quartz-barite-sulphide-clay breccia with apparent strong structural control, as evidenced by the argillized (clay-pyrite) to somewhat gougy faulted walls. Pan Philippines reportedly drove underground workings in Acacia to mine barite. Acacia Zone manifests a complex mineralization system exhibiting gold-silver and gold-copper-silver styles of mineralization, which may have developed as tension vein split from the main Camo- SWB vein system. The vein breccia trends 317°. Dip direction is uncertain. The gold-silver mineralization is related to hydrothermal quartz-barite-pyrite-clay breccia, which occurs as surface outcrop and as vein at the upper level of LB-27 (10.00m- 14.80m). The gold-copper-silver mineralization, on the other hand, is associated with the gray quartz-sulphide-pyrite replacement breccia developed at the deeper level of the hole (35.10m-42.30m) that contains chalcopyrite, bornite and enargite-luzonite (plus suspected tennantite/tetrahedrite) - an assemblage suggestive of a high-sulphidation system. The overprinting mineralization observed in Acacia is distinct from that of SWB. SWB is a gold ore shoot (classified as low-sulphidation) associated with multi-episodic hydrothermal quartz-barite-pyrite-clay breccia. Hole LB-25, drilled in SWB, reveals quartz- pyrite veins containing sulfides with high sulfidation affinity although the said veins are localized and not as prominent and developed as those in LB-27. The mineralization style at the deeper level of LB-27 is correlative to the mineralization noted in Japanese Tunnel (LB-8 and 9), Camo Prospect and Sampson Vein (old Lobo mine). The host rock in Acacia shows a selective pervasive replacement quartz-pyrite±magnetite± clay assemblage, which is commonly noted at the immediate walls of mineralized breccia bodies mapped in Lobo area. On surface, this alteration assemblage grades outwards to argillic or abruptly to propylitic alteration. The altered host rock is cut by later partly vuggy chalcedonic quartz veinlets. Late hairline size quartz stringers, at times, contain fine-grained sulfides. It is evident that the alteration halo in LB-27 is relatively wide. This is

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interpreted to be the result of overprinting of mineralization, in which the episodic influx of fluid caused wider fluid penetration with consequential replacement of large portions of the rock mass. The abundant clay±pyrite alteration in places along LB-27 is evidently the result of post mineralization faulting and shearing. The selectively pervasive character of the observed alteration signifies moderate water to rock ratio, which commonly occurs close to an intrusive. The high magnetic signatures, noted at about 200 meters north of LB-27, infer a possible intrusive at depth. Robertshaw (2004) believes that the magnetic highs may indicate concealed magnetic intrusives. Additionally, the occurrence of high sulphidation mineralization in this hole (and from other nearby prospect areas) strongly suggests the presence of a high-level porphyry intrusive elsewhere. It is a common observation in the Philippines, and around the circum-Pacific belt, that high-sulphidation systems form as shoulders of porphyry intrusives. Additional drilling is proposed in Acacia Prospect to further evaluate its potential, and possibly, to confirm the presence of intrusive bodies in the area. 9.2 Other Lobo Prospects There are at least 5 parallel, mineralized trends at Lobo, which have been only partially defined at this time (Figure 3). Apart from SWB, currently the focus of drilling, there are at least 13 other prospects within the Lobo project which warrant detailed evaluation; these include: 9.2.1 Old Lobo Mine The Old Lobo Mine vein-breccia complex is located on the Sampson Trend, 800 m northwest of the Camo Trend, where copper was mined on a small scale in the mid to late 1960’s. On cessation of mining in 1969, the Philippines Mines and Geosciences Bureau estimated a remaining reserve containing 60,000 ozs gold at a grade of 20 g/t. It is likely that this is another such mineralized shoot, which is open to extension, and is distinct from the copper-silver ore-shoot mined nearby. Reconnaissance work was done in the area in July, 2002, wherein, 3 mine dump samples and 2 outcrop samples were collected for assay. In July, 2003, extensive follow-up mapping and sampling was conducted. Three days were spent conducting detailed mapping and sampling at 1:1000m scale, of which, a total of 9 samples were collected. Andesite, the dominant host rock, is altered to clay± quartz± pyrite (CQP) if distal to the mineralized zone, but grades to quartz- clay- pyrite (QCP) replacement if proximal to the vein system. Approaching the center of mineralization, clay is depleted resulting in quartz- pyrite (QP) as the immediate alteration halo. Assays of grab samples collected reveal low grades from the CQP and QCP zones, while significant results were obtained from the QP zone yielding 0.535- 0.545 g/t gold, 3.8- 39.40 g/t silver and 0.189- 0.470 % copper. Samples from the main quartz- barite breccia zone assayed 3.36- 5.845 g/t gold, 18.4- 114.4 g/t silver and 0.158- 1.58 % copper. Refer to Table 2 (July, 2003 sampling) and Table 3 (July 2002 recon- sampling) for a listing of sample results.

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Table 2: Assay Results of Follow up Sampling in Old Lobo Mine, July, 2003 Spl. No. Type Location g/t Au g/t Ag % Cu 57297 Boulder float Old Lobo Mine area 0.005 6.0 0.002 58823 Outcrop – QP (8m) Old Lobo Mine area 0.535 3.80 0.189 58824 Outcrop - QCP (8m) Old Lobo Mine area 0.045 2.00 0.038 58825 Outcrop –Qtz- Bar bxa (3) Old Lobo Mine area 5.845 18.4 0.158 58827 Outcrop – CQP (3m) Old Lobo Mine area 0.050 39.20 0.01 58828 Outcrop – QCP (10m) Old Lobo Mine area 0.055 7.60 0.008 58829 Outcrop – QP (4m) Old Lobo Mine area 0.545 39.40 0.47 58830 Subcrop – CQP (1m) Old Lobo Mine area 0.050 14.00 .022 58826 Boulder float Old Lobo Mine area 0.055 3.8 0.04

Table 3: Assay Results of Reconnaissance Sampling in Old Lobo Mine, July, 2002

Spl. No. Type Location g/t Au g/t Ag % Cu 57719 Outcrop – QCP (3m) Old Lobo Mine area 0.02 0.6 0.03 57718 Outcrop -Qtz-Bar- Bxa (5) Old Lobo Mine area 3.36 114.4 1.58 57717 Mine dump grab Old Lobo Mine area 0.14 671.6 21.6 57720 Mine dump grab Old Lobo Mine area 2.70 30.0 3.4 57721 Mine dump grab Old Lobo Mine area 0.17 146.4 0.57 The vein breccia outcrop displays typical crustiform- colloform- sulfide banding with enargite- luzonite, chalcopyrite, bornite, chalcocite, covellite as the primary ore minerals. Substantial secondary mineralization (supergene) occurs as malachite, azurite and scorodite. The prospect typifies high sulfidation style of mineralization associated with barite- quartz mineral assemblage. It is likely that this is another promising gold- copper- silver ore shoot as indicated by its mineralogical and geochemical signatures. Drilling is recommended.

9.2.2 West Drift Prospect The West Drift is an extension of the Sampson Prospect and is located about 300 m southwest of the Old Lobo Mine. Tunneling work in the area was reportedly initiated by Pan Philippines in the 1950s. In the 1960s, the company produced copper- gold and barite ore from the area. MRL Gold initiated reconnaissance work in July, 2002, followed by detailed mapping in 2003, and further outcrop mapping/sampling and trenching from February to March, 2004. The prospect lies in an area transected by series of strong high-angle, northeast trending faults that are inferred to be post-ore faults. A large ground magnetic high anomaly occurs at the southwest of this prospect extending from Bukal to East Ridge and Camo area. The vein breccia is characteristically silicified, crustiform and colloform banded with associated quartz- barite- clay gangue containing very fine sulphides and clots/ stains of malachite and azurite with localized stringers of enargite-chalcopyrite. The vein breccia at elevation 240 masl exhibits honey- comb texture that is usually coated by manganese. The mineralization style within the mapped breccia body signifies a possible overprinting silver-gold (low sulphidation) and copper-gold (high sulphidation) mineralization systems. The high silver-low gold signature of the samples collected and the presence of enargite, a high sulfidation mineral, on the outcrops, manifests this. In a hybrid high-low sulphidation system, the initial hydrothermal fluids maybe dominantly depositing high sulphidation minerals like enargite and other copper sulphide minerals, however later fluid influx is characteristically

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of low sulphidation type containing possible significant silver. The low sulphidation, Victoria Vein of Lepanto, for example, which contains high silver to gold ratio, cuts earlier high sulphidation enargite-bearing veins. The transitional feeder zones where fluid mixing took place resulting to the transformation of mineralizing fluid from high to low sulphidation may contain high gold values. These transition zones are target zones in West Drift Prospect. The presence of these high-grade transition zones may explain the remaining 90,000 t reserve at 20.6 g/t Au reported by MGB in 1984. 9.2.3 Nagtoctoc Prospect Nagtoctoc Hill is 1.8 km north of the old Lobo Mine. Pan Philippines in the 1950s, reportedly first explored (for barite?) by trenching a silicified outcrop near Olango River. No information about this work is on hand. Nagtoctoc is a breccia-vein complex associated with quartz-clay- (minor barite) gangue and an advanced argillic-altered envelope, measuring at least 250 m wide and 500 m along presumed strike-length. An aeromagnetic high anomaly coincides with this prospect. In a road section, there are at least 4 separate vein-breccia bodies believed to be sub vertical or steeply dipping to the east. The best exposure is over 12 meters of outcrop. A post-ore vertical fault appears to have cut the outcrop, and a greater mineralized width is interpreted at depth. Each of the 4 vein-breccia bodies is enveloped by quartz-alunite-kaolinite alteration.

Further eastward, the prospect is capped by Quaternary tuff cover, where occasional minor exposures of silicification were observed. This road section exposure is at least 100 meters wide and sits on a magnetic high anomaly. To the south, an old trenching site exposure comprises silicified hydrothermal breccia, generally matrix-supported, with enargite-bornite mineralization. Malachite-azurite is present throughout the exposure. Planar measurements of a part of the outcrop show that it strikes north-south and dips 75 degrees eastward. The exposed width is at least 35 m. It is situated some 300 m south of the road outcrops. The best grades from grab samples of outcrops and float between the road outcrop and the old trenching sites are 87 g/t silver and 7.3 % copper (full results in sample ledger Appendix 1).

The prospect is interpreted as the high-level expression of an underlying porphyry copper-gold system, as suggested by the high-sulphidation mineralogy, extensive alteration and coincident magnetic anomaly. Geophysical surveys and drilling are proposed 9.2.4 Far Northeast (FNE) Prospect FNE is located some 650 m northeast of the Old Lobo Mine site. It is the northeast extension of the Old Lobo Mine, exhibiting similarity in mineralogy, texture and alteration. The prospect sits at the edge of an interpreted aeromagnetic high anomaly. To the east, the prospect area is capped by Quaternary volcanics. Semi-detailed groundwork was conducted in the area in June, 2003. The activity included geological mapping, selective sampling and trenching. Five strategically located trenches were dug in the area. The work discloses that FNE is likewise a vein breccia complex associated with crustiform-colloform banded quartz-barite-copper ± iron sulphide ± copper sulfides and clay (alunite/ kaolinite)- quartz- pyrite alteration envelope, measuring at least 10 m wide and about 500 m along presumed strike length. A limited extent (20m wide by 40m long) monolithic breccia with silicified to partly argillic pyritic clasts, set in silica- hematite± pyrite infused matrix, was also mapped

35

along the FNE Creek. This monolithic breccia can be greater in dimension at depth as inferred from the scattered floats at the adjacent ridge. One sample from this breccia yielded low grade, however. Boulder floats of quartz- barite- sulphide vein material containing moderate malachite and azurite are distributed along the creek and near the portal of a believed old Pan Philippines shaft. A grab sample assayed 0.10 g/t gold, 1,792 g/t silver and 8.68 % copper. One sample from each of the 5 trenches dug was collected for assay. No significant gold and copper values obtained; silver values were up to 58.0 g/t (refer to table below for assay results):

Table 4: Assay Results of Trench Sampling in FNE Prospect Trench No.

Description Sample No.

Spl width

g/t Au

g/t Ag

% Cu

1 The trench is located about 200 meters NE of Old Lobo Mine. Outcrops and subcrops of quartz- barite breccia were mapped in the site. Eight meters of breccia is unearthed at the trench that strikes N40-50°E and dips 60-70° NW. Two samples were collected for assaying. The mapped breccia is projected as the NE extension of the main Sampson Vein outcropping in the old mine site.

57296 7226

8m 5m

0.005 0.01

57.9 8.0

0.03 0.01

2 The trench is located about 250 meters NE of trench 1. Boulders of silica- clay- sulphide replaced rocks are notable in the site. Ten meters zone of clay (alunite?- kaolinite) > sil ± py alteration is exposed in the trench. Two samples were collected for assaying.

57294 7227

5m 5m

0.005 0.01

43.3 13.8

0.01 0.008

3 The trench is located about 200 meters north of trench 2. It is situated beside an old test pit, where the bouldery size enargite and malachite- azurite- sulphide bearing quartz- barite floats that are scattered at the portal and near the area, possibly came from. The trench exposed 8 meters wide of silica- clay (alunite) ± py altered zone trending N60E and dipping 70°NW. One sample was collected for assaying.

7228

8m 0.02 9.2 0.077

4 The trench is situated some 230 meters NE of trench 3. The excavated trench shows six meters of quartz- clay (alunite- kaolinite?) and quartz- barite (fine grained) replacement zone. The altered rock is noted to be mechanically re-

57295 7229

10m 2m

0.055 0.02

7.8 17.5

0.006 0.037

36

brecciated and shows higher degree of quartz- barite replacement at depth.

Extensive areas (several hundred m by tens of m in extent) of intense siliceous hydrothermal breccia float are present in the area. More work is required to gain additional information on this prospect via detailed mapping, test pitting, rock sampling, and geophysical surveys. Boulders of intensely silicified andesite were also noted in the area. One boulder of weakly altered andesite located contained disseminated malachite grading 0.2% copper. The presence of high- sulphidation mineralogy, advance argillic alteration and the aeromagnetic anomaly in the area may suggest a concealed porphyry copper- gold prospect at depth.

9.2.5 Bukal Prospect Bukal is located about 300- 500 m from West Drift area. It is the southwest extension of the West Drift vein-breccia along the Sampson Trend. Reconnaissance was carried out in 2002, and semi- detailed mapping with limited rock float sampling in July, 2003.The trace of the vein-breccia is demonstrated by boulder and pebble float of intensely silicified rocks and quartz-barite breccia. The relative increase in the amount of fragmented vein breccia material suggests swelling of the projected Sampson Trend in this area. A small magnetic anomaly occurs within the prospect, which may suggest a small high level intrusive. To date, no significant rock sample values have been obtained. Since outcrop is poor, test pitting and rock geochemical sampling is proposed. 9.2.6 Camo Prospect The Camo quartz-barite-sulphide vein/breccia zone is located about 0.8 km southeast of the Sampson Trend. The prospect consists of 3 mineralized zones (Camo vein #1, #2, #3) and forms a sub-vertical curvilinear zone with mapped float and subcrops suggesting the prospect may extend over at least 200 m along strike, with outcropping widths up to 5 m. It was originally prospected by Pan Philippines for barite, but extraction reportedly was discontinued due to the low-grade, non-massive variety. Camo vein #1 outcrop displays a vein-breccia texture of quartz-barite-sulphide assemblage. The sulphides have been oxidized to form intense coatings of malachite and azurite. The vein strikes at 070° and dips 60° to the northwest. The vein footwall is marked by an abrupt change to vuggy quartz-pyrite rock, about 2 m wide, thence to a clay-pyrite-quartz altered andesite vein wall outcrop A 9 m channel sample across the vein assayed 1.45 g/t gold, 488 g/t silver and 1.07 % copper. The vein disappears under overburden to the southeast where it may be even wider. Some 30 m downslope, another outcrop, the Camo Vein # 2, exposes crustiform-colloform banded quartz-barite-copper±iron sulphide. Numerous floats of similar rock types were seen along a creek about 30 m from this outcrop. One sample (over 1m) from this outcrop assayed 0.52 g/t gold, 218 g/t silver, and 4.39 % copper.

37

Camo 3, located 60 meters northeast of Camo 2, is a steeply dipping zone of intensely fractured to brecciated rock. A 3 m rock chip of the outcrop assayed 0.03 g/t gold, 58 g/t silver and 1.1 % copper.

Table 5: Assay Results of Channel Sampling in Camo Prospect NO. TYPE LOCATION g/t gold g/t silver % copper 57724 Outcrop channel (9m) Camo vein # 1 1.45 488 1.0757701 rock chip outcrop (5m) Camo vein oc # 1 1.45 729.8 4.3957702 rock chip outcrop (1m) Camo vein oc # 2 0.52 218.4 3.3957700 rock chip outcrop (3m) Camo vein oc # 3 0.30 58.0 1.10

The significant dimensions, and relatively high values obtained from the samples collected, suggest the prospect has good potential for mineralization of potential economic interest. More detailed work via detailed mapping, trenching and drilling is strongly recommended to this prospect.

9.2.7 Binong Prospect Binong is located some 200 m northeast of Camo. It is the northeastern extension of the Camo trend. Semi- detailed mapping was conducted, revealing a mineralization style that is dissimilar from a typical vein / breccia style. A dark-grey, moderately vuggy fine-grained quartz-pyrite altered float assayed 0.12 g/t gold and 0.02 % copper. A 5-7 m outcrop of light grey intense pervasive clay-quartz-pyrite altered andesite, with minor chalcopyrite-sphalerite-galena veinlets, assayed 0.26 g/t gold, 5.2 g/t silver, and 0.01 % copper. A grab sample of mottled grey pyritic silicified breccia gave 0.19 g/t gold, 11.1 g/t silver and 0.01 % copper. Binong possesses the potential for better-grade gold mineralization, and more detailed investigation through detailed mapping and sampling should be conducted. 9.2.8 East Ridge Prospect This prospect is located 150m- 300 m southeast of the Camo Prospect. Detailed mapping at 1:1000 shows widespread altered boulders comprising quartz- barite- clay- pyrite and pervasive intense quartz- clay± pyrite in tuffaceous volcanic breccia host-rock. Three trenches were dug in the area that unearthed pervasive structurally controlled quartz- clay (kaolinite)± pyrite + minor barite replacement. Boulders of quartz- barite replaced rock were recovered from one of the trench dug on top of the ridge. The site is believed to be an old barite prospect of Pan Philippines. The best grade recovered ranges from 0.12- 0.15 g/t Au and 0.80- 80.0 g/t Ag.

Table 6: Assay Results of Rock Sampling in East Ridge Prospect Spl. No. Type Location g/t Au g/t Ag % Cu 57697 Float grab East Ridge 0.055 19.4 0.10 57698 Float grab East Ridge 0.015 80.20 0.10 57285 Float grab East Ridge 0.120 0.80 0.02 57287 Float grab East Ridge 0.010 1.6 0.07 57286 Rock chip- (0.5m) East Ridge 0.150 1.0 0.01 57284 Float grab East Ridge 0.015 1.9 0.01

38

The prospect may represent top of an epithermal system as further evidenced by the silica cap that partly covers the prospect at the eastern side. More mapping and sampling work are required in this prospect. 9.2.9 Calumpang Prospect Calumpang is an old prospect mined for barite, located some 300 m northwest of the old Lobo Mine. Semi-detailed mapping, along with selective sampling, was conducted in the area. Intense vuggy quartz-pyrite± clay replacement at surface occurs with localized quartz- barite- sulfides. The quartz- barite occurs as breccia and along open spaces and fractures within the silicified andesite host rock. The altered zone reaches 50 - 100 m wide and over 100 m along its projected trend. Several rock samples were collected during the mapping. A rock chip sample from a 20 m intense vuggy quartz- pyrite± barite replaced andesitic vein wall gave 0.44 g/t Au, 2.9 g/t Ag and 0.06% Cu. The other samples collected are of low grade (see table below):

Table 7: Assay Results of Rock Sampling in Calumpang Prospect Spl. No. Type Location g/t Au g/t Ag % Cu 57704 Rock float sample Calumpang 1.92 15.9 0.06 57259 Outcrop samples (20m) Calumpang 0.44 2.9 0.05 57260 Rock float sample Calumpang 0.01 1.9 0.08 57267 Outcrop samples (5m) Calumpang 0.08 1.0 0.01

The mineralogy and alteration prevailing in the prospect area likely represents the top of a high sulphidation system. The observed barite ± quartz along fractures could be the halo of a larger quartz- barite vein system at depth. Mapping, sampling with test pitting or trenching is recommended. 9.2.10 Paco Prospect

Paco is a vein / breccia zone located some 300 m north of Old Lobo Mine, and some 150 m east of Calumpang. A possible 050-degree trend is measured, based on the elongation of the ridge. . Reconnaissance activity in July, 2003, recognized subcrops of crustiform-colloform banded quartz-barite ± sulfides scattered over the ridge. The quartz is dominantly chalcedonic with associated crystalline pyrite. One sample from this outcrop returned 0.05 g/t gold, 12.6 g/t silver and 0.03 % copper. More detailed sampling and test pitting work is required to understand this prospect better. 9.2.11 Balisong Prospect Balisong vein is located in Balisong Creek, a tributary to Olango River on the northeastern sector of the tenement. It is situated 820 m north of Old Lobo Mine. The vein is composed dominantly of quartz with minor barite ± sulfides. The outcrop is at least 15 m wide and sheared at the vein wall. It is trending 070 degrees and dips 60 degrees to the northwest. The strike and dip direction coincides with that of Calumpang Vein, defining a single continuous vein system. Balisong is at lower elevation, 150 m asl, while Calumpang at 250m asl. One rock chip sample (1m) assayed 0.02 g/t gold, 10.8 g/t silver and 0.02 % copper. Several malachite-stained quartz-barite float boulders have been observed along the creek, and more detailed mapping and sampling work is needed.

39

9.2.12 Pica Prospect Pica is located 1.5 km west-northwest of the Old Lobo Mine, some 1 km north of the Lobo Base Camp. Pica occupies a high hill to the west of the Lobo tenement. Intermittent semi- detailed mapping was conducted in the area and its vicinity from April- July 2003. The prospect is largely covered by silica- pyrite- clay-altered andesite and in part by silica cap cover. The silica cap has an apparent width of about 500 m and is traceable for 1 km southwest-ward covering much of Pica Ridge. Thickness is as much as 40 m. The silica cap represents a total quartz replacement, with rare pyrite, in advanced argillic alteration, as is commonly formed on top of an epithermal system. The quartz- pyrite ± clay replacement extends down to the northern flank of the ridge and shows a large exposure along the Lobo River. Rare chalcopyrite in pyrite bands / veinlets cut across the silicified andesitic host rock. Several rock samples (see table below) were collected. The best results so far are 0.25 g/t gold and 39.55 g/t silver, obtained from dark gray silicified and weakly vuggy andesitic rock, and, from a quartz- barite- sulfide breccia exhibiting crustiform- colloform banding, respectively.

Table 8: Assay Results of Rock Sampling in Pica Prospect Spl. No. Type Location g/t Au g/t Ag % Cu 58804 Float grab Pica area 0.015 39.55 0.009 58805 Float grab Pica area 0.015 3.1 0.002 58806 Outcrop rock chip (1m) Pica area 0.25 5.7 0.02 58801 Float grab Pica area 0.015 0.5 0.006 7212 Float grab Pica area 0.155 10.9 0.010 7210 Outcrop rock chip (1m) Pica area 0.125 1.7 0.005

The alteration prevalent in the area, together with the silica cap occurrence, suggests presence of a preserved epithermal system. Pica is considered a major hydrothermal outflow zone as evidenced by the widespread residual boulders of intense silicified and advanced argillic-altered rocks Possible porphyry copper mineralization at depth is also envisaged. Some copper sulfides that coalesce with fine pyrite crystals were noted. Follow-up rock geochemistry sampling, detailed mapping, test pitting / trenching are required to better understand the prospect. 9.2.13 J-Hill Prospect J- Hill is located some 200 m southeast of Acacia Prospect. It is the southeastern extension of the Acacia Zone in the Camo Trend. Semi- detailed mapping revealed numerous boulders and subcrops of vuggy, intense, silicified ± (rare pyrite) replaced rocks disposed along a western and northeastern trend (grid east) on top of a hill all the way to the East Ridge (East Ridge Prospect). The prospect represents the original top of an epithermal system, indicating that very little of the mineralized shoots have been eroded. Reconnaissance sample grades were up to 30 g/t silver. More detailed mapping/sampling and test pitting are recommended.

40

9.2.14 Southwest Extension (Jane) Prospect This prospect lies 200 m southwest of the Japanese Tunnel in SWB. Very minimal surface work has been carried out so far. A 4 m wide pervasive quartz- clay± pyrite altered hydrobrecciated andesite crops out in the area. One chip sample was assayed, yielding 0.10 g/t Au, 3.7 g/t Ag and 0.10% Cu. Recently, another old barite working was located in this prospect. More detailed ground working is recommended to properly assess the prospect.

10.0 EXPLORATION This report describes the results of exploration work carried out between October, 2003 and March, 2004. The work was carried out by the operator MRL Gold (Philippine subsidiary of Mindoro) under the direct supervision of James A. Climie, P.Geol., The work consisted of detailed geological mapping, ground magnetic survey, rock sampling, pitting, trenching and drilling on the Lobo Project. The drilling is described in Section 11.0. 10.1 Ground Magnetic Survey In 1996, BHP Minerals performed an aeromagnetic survey over the region, defining a cluster of six anomalies within the Lobo Project. A geophysical interpretation performed by Billiton in 1998, interpreted these as probably being due to magnetic intrusives. Two are associated with a potassic anomaly, and were described as having a good chance of being associated with porphyry mineralization. The ground magnetic survey covered these two anomalies, as well as the flanking Sampson and Camo epithermal vein-breccia trends. In December 2003, MRL Gold commissioned a ground magnetic survey to verify some of the high magnetic anomalies delineated by Billiton. The ground magnetic survey was limited in scope and covered a total of only 9.59 line-km of grid encompassing the West Drift, Bukal, Southwest Breccia, Old Lobo Mine, East Ridge, Camo and part of Far NE zones. The existing grid system covering the said prospects, with grid lines spaced 200 m apart, was used in the survey. Readings were taken every 12.5 meters along grid. At SWB area, particularly where grid lines crossed the inferred trend of the SWB vein breccia, a closer reading every 6.25 meters was accomplished along 100 to 150 meter-long sections of the grid lines. The ground magnetic survey was conducted by Mcphar Geoservices (Phil.), Inc. Robertshaw Geophysics Ltd. of Canada was commissioned to carry out the ground magnetic survey interpretation. The ground magnetic survey has defined a prominent positive magnetic anomaly, situated between SWB and West Drift (Figure 3 and Figure 7), which is interpreted as potentially related to a porphyry copper-gold system, and is a high priority drill target. Epithermal gold deposits in the Philippines are commonly underlain in close proximity to porphyry copper-gold mineralized intrusions, which are often associated with positive magnetic anomalies. The delineated positive anomaly (a possible magnetic intrusive) appears to coincide with one of the airborne anomalies. Robertshaw (2004) interpreted the magnetic intrusive to extend over an area of about 600 m by 150 m with a depth of less than 100 m and plunging towards the northeast; the models indicate magnetite content in the range of 3%+. In addition, Robertshaw stated, “There are 19 zones where irregular magnetic profiles could be caused by magnetite-rich alteration. Some may be caused by fresh volcanics for example the 3 features on line 11400 N. The alteration zones in the south half of the grid,

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42

particularly those flanking the intrusive, could be more prospective.” Figure 8 (see also Appendix 2) shows the interpreted ground magnetic data. The irregular magnetic profiles that occur within the agglomerate and andesite cover may just indicate the fresh nature of the rock or its propylitic alteration, where magnetite content is considerably high. The anomalous profiles that lie within the argillic to intermediate argillic-altered sections may indicate magnetite rich alteration halos related to possible near surface mineralization, and therefore more prospective. Extensive northeast- trending magnetic lows, especially associated with the Sampson Trend, are interpreted to reflect intense hydrothermal alteration. 10.2 Detailed Exploration Work In West Drift-Bukal Area Most of the detailed mapping/rock sampling and trenching work conducted during the second phase program was concentrated in the West Drift–Bukal Area. The detailed exploration aimed to further enhance the prospectivity of the area and to identify the possible location of the remaining high-grade gold reserves reported by MGB in 1984. A 1.8m wide quartz-barite-sulphide outcrop was mapped and sampled in the property of P. Anyayahan, approximately 100 m southeast of the West Drift Tunnel. The outcrop is the lower down dip extension of the outcrop mapped at elevation 240 masl that is 10-15 meters wide. Two samples were collected from the 1.80m outcrop that yielded highs of 277.40 g/t Ag and 0.490% Cu. Three trenches with an accumulated length of 25.70 meters were also completed as of March 9, 2004. The trenches were excavated in an area owned by C. Gutierrez, about 110 m southwest of the Anyayahan outcrop. Seven samples were collected from the 3 trenches that gave assays of up to 50.40 g/t Ag. Please refer to Table 9 below for the listing of the latest outcrop and trench sample results.

Table 9: Assay Results of Channel Sampling in WD Prospect Sample No. Type Location Au g/t Ag g/t % Cu

59576 Outcrop-channel (1m) West Drift 0.010 276.45 0.489 59577 Outcrop- channel (0.8m) West Drift 0.005 108.30 0.100 59578 Outcrop- channel (1.0m) West Drift 0.005 5.80 0.005 59611 Trench-channel (8m) West Drift 0.005 1.30 59612 Trench-channel (1.5m) West Drift 0.005 50.40 59613 Trench-channel (8m) West Drift 0.025 0.60 59019 Trench-channel (1.5m) West Drift 0.015 4.40 59020 Trench-channel (3.2m) West Drift 0.010 3.20 59021 Trench-channel (4.5m) West Drift 0.005 4.90 59024 Trench-channel (3m) West Drift 0.010 5.0 The trenches are described below:

West Drift Trench No. 1 (8.2 m long, 1m wide, 1.5 m depth)

The trench exposed a 1.5-m wide silicified andesite containing veinlets and stringers of milky white to gray chalcedonic crustiform banded quartz with accompanying barite+ minimal pyrite mineralization. Gold returned 0.005 g/t and silver, 50.40 g/t. The rest of the trench only exposed slightly weathered andesite that shows no significant alteration and mineralization.

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BL 1

0 00

0 E

L 11 400 N

9 00

0 E

L 10 800 N

L 10 000 N

L 9 600 N

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44

West Drift Trench No. 2 (9.5 m long, 1.2 m wide, 0.5- 1.0 m depth) This trench is located 4 m northwest of Drift Trench No. 1. The trench exposed 7 m of broken to massive quartz- barite ± pyrite hydrothermal breccia. The breccia strikes 045-060° and dips 80° northwest, conforming to the general strike of Sampson vein. The rock is also commonly vuggy and crustiform banded with slight oxidation along fracture planes. Assay of samples showed up to 5.0 g/t silver only.

West Drift Trench No. 3 (8.0 m long, 1.0 m wide, 1.75 m depth) The trench is located 5 m north-northwest of West Drift Trench No. 2. The trench exposed slightly oxidized fragmented andesite wall rock locally veined by quartz- clay replacement material. Narrow, slightly bleached weakly argillized section occurs in one corner of the trench. Two samples were collected within the trench but yielded insignificant gold values.

The quartz-barite- sulphide vein breccia mapped in West Drift (Anyayahan Property) is characteristically silicified, crustiform and colloform banded with associated quartz- barite- clay gangue containing very fine sulfides and clots/ stains of malachite and azurite with localized stringers of enargite- chalcopyrite. The vein extension at elevation 240 asl further exhibits honey- comb texture that is usually coated by manganese. The excavated trenches generally exposed silica- clay± pyrite altered rock with irregular occurrences of quartz ± barite ± sulphide veins and veinlets. 11. DRILLING Fifteen diamond drill holes totaling 991.40 m were completed in the Phase 2 drilling program. Split-core samples were assayed ranging from 0.5 to 5.0 m sampling intervals. A total of 189 drill core samples were assayed and all were analyzed for gold and silver, while, 149 for copper, and 28 each for lead and zinc. The drill plan is presented in Figure 7. Drill sections and assay results are shown in Figures 9, 10, 11, 12, 13, 14, 15, 16, 17, 18 and 19. The following table summarizes the location data of the 15 drill holes:

Table 10: Phase 2 Drill Hole Location

DDH No. Total depth (m)

Inclination (degrees) Azimuth Elevation

(masl) Grid

Coordinates UTM

Coordinates

DH LB-14 74.65 -90º 0 152.0 10185N/10006E 1509527N/310421EDH LB-15 41.50 -45° 145º 152.0 10185N/10006E 1509527N/310421EDH LB-16 111.20 -78° 325° 152.0 10185N/10006E 1509527N/310421EDHLB-17 57.00 80 145 148.0 10200N/9999E 1509542N/310429EDHLB-18 35.10 -45º 145 148.0 10200N/9999E 1509542N/310429EDHLB-19 33.80 -45º 145 155.0 10200N/10014E 1509542N/310429EDHLB-20 30.50 -75° 145 145.9 10185N/10042E 1509499N/310442EDHLB-21 109.50 -90º 0 143.0 10200N/9972E 1509564N/310415EDHLB-22 41.50 -45° 145 148.0 10217N/10000E 1509497N/310405EDHLB-23 56.60 -90º 0 148.0 10217N/10000E 1509551N/310406EDHLB-24 25.20 -45° 145 151.0 10155N/10021E 1509497N/310406EDHLB-25 109.15 -75° 325 151.0 10155N/10021E 1509497N/310406EDHLB-26 89.70 - 85° 325 145 10230N/9985E 1509570N/310447EDHLB-27 73.60 - 60° 043 191 10470N/10005E 1509692N/310657EDHLB-28 102.40 -90º 0 141.50 10052N/9887E 1509524N/310273E

LOBO PROJECTSW Breccia Zone

CROSS SECTION 9978 N

Propylitized andesite wallrock(chlorite - clay - pyrite ± quartz ± calcite ± magnetite )


Fault gouge

Drillhole2.4 g/t Au,0.4 % Cu / 3.5 mMineralized intercept

Quartz-pyrite- breccia

0

SCALE

10m

Quaternary agglomerate

Mine dump8.6 g/t Au, 0.5% Cu2.4 g/t Au, 0.2% Cu

2.4 g/t Au,0.4% Cu / 3.5m

1.0 g/t Au,0.2% Cu / 10.7 m Quartz - clay - pyrite alteration

LB-08

Clay - pyrite alteration

Andesite replacement breccia

Quartz - pyrite - sulphide vein

10m

Fig 9

JAPANESE TUNNEL

Outcrop1.2 g/t Au / 1.5 m

10000E

20

140 m ASL

120

100

80EOH 68.6 m

EOH 129.0 m

LB-09 & 08

60

Adit outcrop6.6 g/t Au, 1.2% Cu

2.4 g/t Au,0.5% Cu / 4.1m

40

Propylitized andesite wallrock(chlorite - clay - pyrite ±quartz ± calcite ± magnetite )




Polymictic breccia



Fault gouge

Fig 10

0

SCALE

10m

10m

LB-28

102.4m

120

100

60

40

80

140

160

180m ASL

9,900 E

140

120

160mASL

60

100

LB-12

2.8 g/t Au / 0.9m

0.2 g/t Au / 2.9m

0.13 g/t Au / 2.0m

40

80

20

Trench 1 24.7 g/t Au / 14.5m

LB-01

LB-02

10000E

EOH 76.9m

EOH 31.3m

0.7 g/t Au / 3.8m

10m0

SCALE

10m

DrillholeLB-01

2.8 g/t Au / 0.9mMineralized intercept



Fault gouge


EOH 85.0m

Quartz - clay - pyrite alteration




Quartz - pyrite ± clay alteration

Quartz - barite - pyrite breccia

Fig 11




Clay - pyrite - quartz ± chlorite± magnetite alteration


Quartz - barite - pyrite breccia



10m

LB-11 Drillhole

5.2 g/t Au / 3.4 m Mineralized intercept

SCALE

0

10m

EOH 47.30 m

5.11 g/t Au / 3.4 m

1.1 g/t Au / 6.4 m incl.1.39 g/t / 3.2m

EOH 69.55m

Outcrop channel13.39 Au g/t / 8.0m

0.5 g/t Au / 5.3 m

140m ASL

10000E

130

120

110

100

90

80

70

LB-11 & 10

Fig 12

LB-24





Quartz - barite - pyrite ± clay breccia




10m

10m0

SCALE

Drillhole7.75 g/t Au / 16.3mMineralized intercept

7.75 g/t Au / 16.3mincl. 16.49 g/t Au / 7.05m

Fig 13

40

100

80

60

10000E

140

160

180m ASL

120

LB-25-24

EOH 25.2 m

EOH 109.15 m

4.24 g/t Au / 56.2m7.71 g/t Au / 28.4m

120

LB-07 & 06

140

160

180m ASL

10000E

EOH 129.10m

EOH 104.50m

100

80

60

40

LB-13

3.4 g/t Au / 6.0m

8.3 g/t Au / 13.3mincl. 17.0 g/t / 4.1m

Trench 219.1 g/t Au / 11m

6.3 g/t Au / 8.3mincl.15.6 g/t Au / 2.7m

EOH 85.00m9.5 g/t Au / 32.2mincl. 22.2 g/t Au / 13.1m

12.2 g/t Au / 30.8mincl. 22.1 g/t Au / 7.3mand 29.9 g/t Au /4.3m

1.67 g/t Au / 14.0mincl. 4.67 g/t Au / 2.6m

10m

0

SCALE Fig 14

LB-05, 04 & 03 9.6 g/t Au / 17.4mincl. 23.6 g/t Au / 2.8m

EOH 57.30m

EOH 52.25m

EOH 69.40m

LB-06

10m

Fault gouge

Clay - pyrite ± alteration

Drillhole

6.8 g/t Au / 8.3mMineralized intercept




Pyritic hydrofractured andesite


Argillized polymictic breccia(clay-pyrite ± chlorite ± calcite altered)






CROSS SECTION 10185 NFig 15

Fault gouge






LB-014Drillhole10.10 g/t Au / 8.2mMineralized intercept

Sheared zone

10m


10m0

SCALE

EOH 41.50m

15.71 g/t Au / 12.05mincl. 24.56 g/t Au / 5.45m

6.52 g/t Au / 14.6mincl. 10.10 g/t Au / 8.20m

EOH 30.50m

0.41 g/t Au / 8.3mincl. 1.16 g/t Au / 1.8m

0.40 g/t Au / 11.6mincl. 1.14 g/t Au / 1.0m

EOH 74.60m

EOH 111.2m

5.30 g/t Au / 22.3mincl. 11.43 g/t Au / 4.10mand 10.67 g/t Au / 2.3m LB-20

120

40

100

80

60

10000E

LB-16,14 & 15

140

160

180m ASL




Fault gouge





Sheared zone

SCALE

0


5.74 g/t Au / 6.10m


LB-017Drillhole12.46 g/t Au / 6.15mMineralized intercept

3.50 g/t Au / 2.3m

Polymictic breccia

10m10m

Fig 16

EOH 33.8 m

EOH 57 m

EOH 35 m

LB-19

12.46 g/t Au / 6.15m

LB-17 & 18

120

40

100

80

60

10000E

140

160

LB-21

0.47 g/t Au / 6.3mincl 1.0 g/t Au / 0.5m

EOH 109.5 m

180m ASL





Fault gouge






LB-23 Drillhole0.83 g/t Au / 1.85mMineralized intercept

Polymictic breccia

0.84 g/t Au / 1.85m

Sheared zone

10m10m0

SCALE Fig 17

0.14 g/t Au / 4.0m

EOH 56.6 m

EOH 41.5 m

LB-23-22

120

40

100

80

60

10000E

140

160

180m ASL

Fig 18





Fault gouge




Quartz - pyrite ± barite breccia

DrillholeDrillhole12.46 g/t Au / 6.15mMineralized intercept

10m

10m0

SCALE

LB-26

160

180m ASL

EOH 89.7 m

0.2 g/t Au / 1.1m

0.25 g/t Au / 4m

140

LB-26

40

100

80

60

120

10000E

LOBO PROJECTAcasia Zone

CROSS SECTION 10005 E


Quartz - sulpide - pyrite - barite± clay breccia






SCALE

10m

10m0

EOH 73.6m

1.01 g/t Au / 7.3mincl. 1.99 g/t Au and 0.73% Cu / 1.95m

0.9 g/t Au / 4.8m

LB-27 Drillhole0.9 g/t Au / 4.8mMineralized intercept

Fig 19

LB-27

160

80

140

120

100

180

200

220m ASL

56

The following table presents summary assay results for each of the 11 drill holes in the Southwest Breccia Zone and the lone drill-test hole in Acacia. Summary logs for each of the holes are presented in Appendix 3. A full listing of assay results appear in Appendix 4. The significant drill results appear in the following table:

Table 11: Phase 2 Drilling Significant Intercepts

Drill Hole From (m) To (m) Corrected

True Width (m)

Gold (g/t)

Zone

47.40 59.45 7.50 15.71 LB-14 Including 51.85 57.60 3.58 24.32

SW Breccia

17.00 31.60 14.60 6.52 LB-15 Including 23.40 31.60 8.2 10.10

SW Breccia

59.60 67.90 2.33 0.41 Including 59.60 61.40 0.51 1.16

84.80 92.30 3.25 0.40

LB-16

Including 91.30 92.30 0.30 1.14

SW Breccia

35.10 44.55 3.53 8.29 LB-17 Including 36.20 42.35 2.30 12.46

SW Breccia

21.00 27.10 5.73 5.74 LB-18 Including 23.00 24.90 1.78 19.80

SW Breccia

LB-19 18.70 21.00 2.30 3.50 SW Breccia 6.10 28.40 15.00 5.30 LB-20

Including 12.40 16.50 2.76 11.43 SW Breccia

LB-21 93.90 101.20 6.00 0.47 SW Breccia LB-22 24.55 26.40 1.85 0.84 SW Breccia

4.80 21.10 15.32 7.75 LB-24 Including 14.05 21.10 6.63 16.49

SW Breccia

39.60 95.80 14.05 4.24 LB-25 Including 70.00 72.75 0.69 8.63*

SW Breccia

10.00 14.80 1.50 0.90 32.65 39.95 2.30 1.01

LB-27

Including 38.00 39.95 0.61 3.25* Acacia

• Gold equivalent (calculated based on US$ 400/oz for gold, US$ 6/oz for silver and US$

1.00/LB for copper)

The main features of the drill holes are summarized below: LB- 14 [10,185N, 10,006E, vertical] was drilled 15m grid north of hole LB-07. The objective of this hole was to trace the northern continuity of the high-grade breccia zone intersected at LB-7. The hole encountered broken quartz- sulphide± barite breccia near the collar, from 9.50 to 11.55m; slightly to moderately weathered in-faulted propylitized andesite from 11.55 down to 30.50m; clay-pyrite-altered hydrobrecciated andesite from 30.50 m to 42.50m; quartz-pyrite altered zone from 42.50 to 47.40 m; hydrothermal quartz- barite-sulphide breccia from 47.40 to 59.45 m; and vein wall quartz- pyrite replacement breccia from 59.45 m down to 70.50m. The footwall, consisting of propylitized andesite, was intersected from 70.50 to end of hole at 74.65 m. Assay results showed that the hydrothermal breccia drilled from 47.40 m to 59.45 m (over 12.05 m) yielded 24.56 g/t gold (true width, 8.0m) that included high grade zone of 24.56 g/t gold over 5.45m from 52.15m to 57.60m. Drill section and assay results are shown in Figure 15.

57

LB- 15 [drilled at the same collar as LB-14; minus 45° grid east] was drilled with the objective of tracing the up-dip extension of the breccia zone intersected in LB-14. The hole confirmed the continuity of the quartz-barite breccia, which dips 65° to the northwest. Mineralized quartz- pyrite clay replacement zone was encountered from 15.10 m to 23.40 m. A 1.5-m wide quartz- barite- sulphide breccia vein intersected at a depth of 17.0 occurs within the quartz-pyrite replacement zone. A quartz- barite- sulphide breccia measuring 8.20 m was intersected from 23.40 m to 31.60 m, then, quartz- pyrite to pyrite- chlorite- altered andesite from 31.60 to end of hole at 41.50m. Assay results include 6.52 g/t gold over 14.60m (considered to be the true width) from 17.00 to 31.60m, including a high grade section of 10.10 g/t gold over 8.20 m. Drill section and assay results are shown in Figure 15. LB- 16 [drilled at the same collar as LB-14/ LB-15; minus 80° grid west] was drilled with the objective of further tracing the down-dip extension of the breccia zone intercepted at LB- 14 and 15. A quartz- pyrite± clay replacement zone with a narrow quartz-barite vein was intersected from 59.60 m to 67.90 m (8.3 m) that yielded 0.41 g/t Au, including 1.16 g/t Au over 1.8 m from 59.60 to 61.40 m. The target quartz- barite- pyrite breccia zone was encountered from 81.0m to 97.35m. The vein-breccia showed strong post-mineralization shearing and faulting characterized by the presence of intermittently abundant clay and unmineralized andesite wall rock fragments. The clay and wall rock fragments diluted the zone yielding only 0.40 g/t Au over 11.60 m, from 84.8 m to 96.40 m, including 1.145 g/t Au over 1.0 m from 91.3 m to 92.30 m. Drill section and assay results are shown in Figure 15. LB- 17 [10,200N, 10,000E, minus 80° grid east] was collared 15 m grid north of LB-14/15 & 16. The objective of this hole was to further trace the northern extension of the breccia zone intersected in LB-14, LB-15 and LB-16. The hole intersected colluvial cover from collar to 17.60 m; weathered in-faulted, partly brecciated, altered andesite from 17.60 m to 35.0 m; narrow quartz-pyrite± clay replacement zone from 35.0 to 36.20 m; quartz-barite-sulphide breccia from 36.20 m to 44.50 m (8.30 m); gray quartz-sulphide breccia from 44.50 to 47.40 m; and brecciated quartz-pyrite-clay-chlorite-altered andesite with appreciable base metal content from 47.40 m to end of hole at 57.00 m. Assay results include 12.46 g/t Au over 6.15 m (4.0 m true width) from 36.20 to 42.35 m. The bottom contact of the breccia from 42.35 m to 44.55 m (2.2m) contains appreciable clay. This diluted the vein-breccia zone resulting to a grade of only 0.66 g/t Au. From 44.55 to 46.15 m, clay- quartz- pyrite replacement containing bands of sulphides (pyrite- chalcopyrite) and barite yielded grade of 0.183% Cu, but no significant gold. Drill section and assay results are shown in Figure 16. LB-18 [drilled from the same collar as LB-17, inclined at minus 45° grid east] was drilled with the objective of tracing the up-dip extension of the ore breccia intersected at LB-17. The hole drilled into colluvial cover from collar to 6.3 m; in-faulted clay-pyrite-altered andesite containing silicified clasts set in clayey to gougy matrix down from 6.3 m to 21.00 m; quartz-barite-sulphide breccia from 21.00 to 27.10 m; and quartz-pyrite-altered zone grading into propylitized andesite wall rock from 27.10 m down to end of hole at 35.10 m. The 6.10 m (5.40 m true width) mineralized breccia from 21.00 to 27.10 m assayed 5.74 g/t Au, including 1.90m (1.70m true width) from 23.00 to 24.90m that yielded 10.56 g/t Au. Drill section and assay results are shown in Figure 16.

58

LB-19 [10200N, 10014E; minus 45° grid east] was collared at 145°, 20 meters upslope from LB-18. The objective was to further trace the up-dip extension of the mineralized breccia encountered in LB-17 and LB-18. The hole intersected weathered propylitized to patchy sulphidic clay-pyrite-altered andesite from collar to 18.70 m. Quartz- barite breccia, that yielded 3.50 g/t Au over 2.30m (considered as the true width) was encountered from 18.70 to 21.00m. Faulted chloritic to patchy clay- pyrite-quartz altered andesite was intersected from 21.00 to hole bottom at 33.80m. The quartz- barite breccia zone is fault- bounded manifesting post-ore faulting that possibly caused offsetting of the ore zone. Drill section and assay results are shown in Figure 16. LB-20 [10185N, 10042E; minus 75° grid east] was situated at 145°, 35 m upslope from LB-14/15/16. The objective was to test the up-dip extension of the vein breccia encountered in holes LB-14, 15 and 16. The hole intersected thin colluvial and propylitized andesite cover from collar to 6.40 m; in-faulted, partly clayey quartz-barite-pyrite breccia from 6.10 to 28.40 m, which yielded 5.30 g/t Au over 22.3 m (15m true width). Within this 22.3-m zone, high grade sections showing 11.43 g/t Au over 4.10m and 10.67 g/t Au over 2.3 meters were drilled. From 28.40 m to hole bottom at 30.50m, the hole intersected quartz- pyrite replacement zone grading to chlorite-clay-pyrite-altered andesite. Drill section and assay results are shown in Figure 15. LB- 21 [10,200N, 9970E; vertical] was a vertical hole situated 25 m grid west of holes LB- 17 and 18. It was drilled to trace the down dip continuity of the breccia zone that yielded high gold grades at holes LB 17 & 18. The hole intersected young volcanic cover consisting of agglomerate and andesite from collar to 58.90 m; polymictic breccia from 58.90 m to 78.50 m; fractured and in-faulted hornblende andesite porphyry with strong clay alteration at near bottom from 78.50 m to 93.90 m; clay rich quartz- sulphide ± barite breccia from 93.90 m to 103.40 m; and quartz-clay replacement to propylitized andesite from 103.40 m until end of hole at 109.50 m. The significant zone encountered at 93.90m to 103.40 m (9.5m) is a strongly re-brecciated zone with mixed clasts consisting of gray massive quartz- sulphide breccia, bleached clay- pyrite altered andesite and few quartz- barite- pyrite breccia fragments, set in clay dominated matrix. The strong re-brecciation was caused by post mineralization faulting, which likely introduced the clayey matrix. The presence of the clay- pyrite altered andesite clasts and the dominating clayey matrix caused dilution within the mineralized zone. This resulted to the relatively low gold grade returns within the breccia zone that averaged 0.47 g/t Au over 6.3 m including 1.0 g/t Au over 0.5 m. Drill section and assay results are shown in Figure 16. LB- 22 [10217N, 1000E, 45° grid east] was drilled 15 m grid north of LB- 17 and 18 with the objective of tracing the possible grid north extension of the breccia vein encountered on these holes. The hole encountered colluvial to weathered propylitized andesite from collar down to 7.0 m; locally brecciated quartz-clay-pyrite-altered and faulted (at bottom) tuffaceous andesite from 7.0m to 23.30m. Clayey shear zone with fragments of quartz- pyrite-clay, clay-pyrite, and quartz-barite-pyrite replacement breccias was noted from 24.55 m to 26.10 m (1.55 m). Another fault zone, from 26.10 m to 26.45 m (0.35 m), was intersected, while, silicified (quartz-clay) to propylitized andesite was encountered from 26.45 m down to hole bottom at 41.50 m. The mineralized interval from 24.55 to 26.10 m is fault-bounded on both ends indicating post mineralization shearing that caused re-brecciation and displacement of the mineralized breccia body. The grade of the material

59

within the sheared mineralized interval is 0.835 g/t Au over 1.80 m. This hole then confirms that the quartz-barite breccia still persists up to this drill location, only that it could had been faulted, fragmented and displaced. Drill section and assay results are shown in Figure 17. LB- 23 [drilled at the same collar as LB-22; vertical] was drilled with the aim of tracing the possible down-dip extension of the fragmented quartz-barite breccia intersected in LB-22. The hole intersected section of gray quartz-sulphide breccia from 47.30 m to 51.30 m (4 m) with textural and mineralogical characteristics similar to that section in LB-17, immediately below the quart- barite-pyrite breccia zone. The contact of the quartz-sulphide section with the overlying lithology is a gougy fault zone, oriented at 45° to the core axis (TCA). The presence of this fault contact signifies that the interpreted upper quartz- barite-pyrite breccia section may have been displaced (by normal faulting), hence, was not encountered by this hole. The texture, alteration and associated mineralization of the underlying andesitic rock from 51.30 m to hole bottom at 56.60 m also resemble that of LB-17, at the same level. This indicates then, that the breccia mineralization encountered in LB-17 may persist up to this drill location; only, it has been faulted and displaced. Assays of the samples collected within the quartz- sulphide breccia yielded low gold values with a maximum 0.14 g/t Au over 4.0 m. Drill section and assay results are shown in Figure 17. LB-24 [10155N, 10021E, minus 45° grid east] was collared about 20 m southeast and southwest of LB-10 and LB-7, respectively. This is an infill hole between grid lines 10,140N and 10,170N that aims to further confirm the mineralization between these section lines. This is crucial to future resource calculation. The hole encountered clay- pyrite- quartz replacement in andesitic rock from collar to 4.80 m; moderately broken mixed sections of clay rich quartz- sulphide breccia and quartz-barite- pyrite breccia from 4.80 m down to 21.10 m, measuring 16.30m along core with a computed true width of 15.32 m. This section is the most promising zone of the hole, with the upper level from 4.80 m to 14.05 m consisting of quartz- pyrite- sulphide breccia with localized minimal quartz- barite-pyrite fragments, while, the lower section from 14.05 m to 21.10 m consists of quartz- barite- pyrite breccia with intermittent quartz- pyrite- clay replacement zones. From 21.10m down to hole bottom at 25.20 m, the hole intersected clay- pyrite to propylitized andesite. The promising breccia section from 4.80 m to 21.10m yielded an average gold grade of 7.75 g/t gold over 16.30 m (15.32 m true width), with included 16.49 g/t Au over 7.05 m (6.64 m true width) from 14.05 to 21.10 m. Drill section and assay results are shown in Figure 13. LB-25 [drilled at the same collar as LB-24; 75° grid west] was drilled to test the down-dip extension of mineralization intersected in hole LB-24. It was drilled obliquely across the down-dip direction and has intersected 4.24 g/t gold over 56.20 m from 39.60 m to 95.80 m (true width approximately 15 m), including 7.71 g/t gold over 28.40 m from 67.40 m to 95.80 m. A 2.75 m interval from 70 to 72.75 m assayed 2.17% copper, 4.31 g/t gold and 40.20 g/t silver. Hole LB-25 confirms that gold mineralization continues strongly down–dip on this section. Drill section and assay results are shown in Figure 13. LB-26 [10230N, 9985E; minus 85° grid west] is situated 26 meters, 006° from LB-22 and 23. The objective of the hole was to trace the northern extension of the high grade quartz- barite- sulphide breccia vein intersected in LB-17 and 18, which is hypothesized to be faulted and offset along strike.

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The hole intersected propylitized partly hematitic in-faulted brecciated andesite from 11.70 m to 69.0 m, under colluvial cover. A 1.10 m gray quartz- sulphide replacement hydrothermal breccia containing about 3 volume % fine pyrite with associated chalcopyrite specks was intersected from 69.00 to 70.10 m. The breccia was also veined and stringered by later chalcedonic quartz with accompanying minimal pyrite crystals. Gold grade obtained from the section, however, just indicated a background value of 0.20 g/t Au. From 70.10 – 83.00 m, tectonically brecciated andesite altered to clay- pyrite- silica grading to quartz- pyrite–(sulphide) replacement was encountered. Another 4 m dark gray to almost black total quartz replacement breccia occurs from 83.00- 87.00 m. The rock is very porous and contains very fine pyrite and other dark sulphides, which occur in disseminations and as vugs fill. Assays of the material collected within the interval yielded 0.25 g/t Au. From 87.00 m to hole bottom at 89.70m, faulted hydrobrecciated propylitized andesite wall rock with matrix partly replaced/infused by gray quartz with associated fine pyrite was encountered. Drill section and assay results are shown in Figure 18. LB-27 [10470N, 10005E; minus 60°, 043°] was located some 240 m grid north (or 060°) of LB-26. This was a large step out drill site from SWB to the Acacia Prospect. The hole was targeted to hit at depth the outcropping quartz- barite- sulphide breccia located about 20 m east of the drill collar. The hole intersected colluvial cover from collar to 3.00 m; quartz-pyrite-clay-altered andesite porphyry from 3.00 to 12.90 m; quartz-barite-sulphide breccia from 12.90 to 14.80 m; quartz-pyrite+/-clay-altered andesite porphyry; clay-quartz-sulphide breccia from 26.4 to 33.30 m; quartz-pyrite-clay-altered shear zone from 33.30 to 35.10 m; quartz-sulphide-pyrite-barite breccia from 35.10 to 42.30 m; clay-quartz-sulphide breccia from 42.3 to 45.40 m; quartz-pyrite+/-clay-altered andesite porphyry; and propylitized andesite from 62.30 to end of hole at 73.60 m. The vein breccia intersected was tectonically re-brecciated with notable clay-rich matrix. This significantly diluted the grade of the ore zone. A sample from the vein-breccia assayed 1.33 g/t Au. Drill section and assay results are shown in Figure 19. LB-28 [10052N, 9887E; vertical] was situated some 65 meters, 118° of LB-12. This was to test the interpreted southwest offset of SWB. The hole intersected Quaternary cover rock from 3.25 m to a depth of 85 m, then polymictic breccia from 85 m to bottom of hole. No significant mineralized section was intersected in this hole, however, the presence of the polymictic breccia, which has similar composition with the polymictic breccia that was encountered before hitting the mineralized zone in LB-21, signifies some hope that mineralized section may be at a deeper level. A deeper hole is recommended to further test this possibility. Drill section is shown in Figure 10. 12. SAMPLING METHOD AND APPROACH A total of 189 split core samples from LB-14 to LB-27 were sent for assaying. These were assayed principally for gold, silver and copper. Additional selected assays for lead and zinc were also carried out. The following table shows the completed number of drill core and sludge samples as well as the elements assayed:

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Table 12: Summary of Drill Core and Sludge Samples Assayed CORE SLUDGE Au Ag Cu Pb Zn

DH LB-14 26 20 46 26 26 0 0 DH LB-15 14 6 20 14 14 0 0 DH LB-16 19 11 30 19 12 0 0 DH LB-17 11 6 17 10 10 10 10 DH LB-18 5 5 10 5 5 2 2 DH LB-19 4 1 5 4 0 0 0 DH LB-20 13 10 23 23 0 0 0 DH LB-21 9 9 18 9 9 0 0 DH LB-22 2 2 4 2 0 0 0 DH LB-23 6 3 9 6 6 2 6 DH LB-24 13 9 22 13 0 0 0 DH LB-25 34 32 66 34 34 0 0 DH LB-26 11 11 22 11 11 0 0 DH LB-27 22 7 29 22 22 0 0

Total 189 132 321 198 149 14 18

The compiled drill hole ledgers and assay results are shown in Appendix 4. As with the practice during Phase 1 drilling, petrology samples for thin-section analysis were selectively taken from drill holes and surface rock samples to correctly identify their mineral assemblage and alteration. Appendix 5 encloses the petrological work done during the second phase drilling period for the Lobo Project. 13. SAMPLE PREPARATION, SECURITY AND ANALYSIS MRL Gold assigned a mining engineer on a permanent basis to the drill rig to supervise quality control for the drill core collection. He was on site during most of the drilling through the main mineralized zones. He supervised the retrieval of drill core from the core tubes, placement in core boxes and security strapping of the core boxes, and transport to the core shed. Core boxes at the rig were mechanically tightly sealed by heavy-duty polyurethane plastic packing bands, then manually transported to the core storage and logging facility located some 1 to 2 km from the drill pad. E. Abrasaldo, F. Lab-oyan and M. de los Santos assisted in ensuring the safety and security of the core boxes especially those from mineralized zones during transport from the drill rig to the core storage area. Core measurement for core recovery was conducted in the core storage and logging facility at the base camp. Core recovery in the mineralized breccia is poor in places. In particular, there is strong core loss from the friable sulphide-rich matrix and barite–rich zones. It is thought that gold grade in the drill core may therefore be under-reported. Because of this, collection of drill sludge (drill cuttings washed up from the hole during drilling) was implemented so as to provide information on whether mineralized material was being lost. The drilling sludge flow through a cemented canal from the drill hole collar into a plastic bucket placed inside a sludge sump measuring 30 cm in diameter by 30 - 40 cm deep. The bucket was fitted with a series of screens. Once a particular drill run was completed, the bucket was lifted out of the sump. A small amount of detergent powder was mixed to enhance the settling process. Excess water was then decanted slowly. The sludge samples were then placed in plastic bags labeled with hole numbers and depth intervals. All collected sludge samples were transported along with the core boxes to the core storage and

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logging facility. After computing the core recovery, a decision was made whether to submit the collected sludge samples for assay or not. The sludge samples not submitted for assay were stored on site. The locked core storage and logging facility was under the supervision of MRL Gold personnel; usually a geologist, at all times. A village councilman guarded the core storage and logging facility after logging and sampling hours. The core boxes were laid on wooden structures with each box cleaned of dirt before marking and box identification. Utmost care was taken during cleaning and marking. A preliminary reconnaissance log of the core was then conducted, followed by a detailed logging procedure to capture detailed information such as rock type, alteration, mineralization, structures etc. A detailed graphical log was also drawn on site to assist in visualizing the drill hole information. Additional markings were then applied to each core box, such as rock type boundaries, structure boundaries etc. Sample intervals were then decided upon by the authors based on the logging results, after which the core boxes were carefully marked for the beginning and ending of each sample. The sampling interval ranged from 0.10 m to 6.00 m. Core recovery factors were noted for each drill run. Sample boundaries were determined based on a combination of lithology, structure, alteration and mineralization characteristics. During logging, the geologists marked sections of the core for splitting and personally supervised and / or performed the sampling. The drill core was then split at the same site using an electric-powered, water-cooled diamond-bladed Dembicon Core Cutter. Before cutting, the cores were wrapped in aluminum foil or plastic to avoid breakage and any possible contamination; one half returned to the core box, and the other half placed in labeled plastic sample bags and sealed. Broken or soft sections of the core were sampled by the geologists using a spatula and spoon before being placed in labeled plastic sample bags. It is believed that the above procedures, under the direct supervision of the authors, ensured that sample quality remained high throughout the drilling and sampling program. All rock and drill core samples collected on site were double sealed in plastic sample bags and documented using McPhar’s Samples Submission Forms before being transported to McPhar Laboratory in Manila by MRL Gold personnel. Secured sample bags are opened by McPhar supervisors only, at their laboratory in Makati City, Metro Manila. All written instructions for sample preparation and analyses accompanying the samples submission forms are received in their laboratory. A sample tracking, quality control, and reporting system is maintained between MRL Gold and McPhar. McPhar Geoservices (Philippines) Inc. offers high quality sample preparation procedures. It is an ISO 9002-certified laboratory and has been providing assay laboratory services to both local and foreign exploration and mining companies for the past 31 years. Drill core samples, weighing from 1 to 8 kilos each, and rock chip samples, weighing 1 to 3 kilos each are first dried, crushed to –1/4 “ size, and then split to obtain approximately 1 kilo of sample. The 1 kilo sample is then fine pulverized to –200 mesh. The –200 mesh is

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sampled for fire assay; copper and silver, and in some instances for lead, zinc and molybdenum analysis. Sample analyses at McPhar Laboratory were done in the same location as the sample preparation. The following table lists the sample analyses methodology:

Table 13: Sample Method of Analyses Element Method of Analyses Detection Limit Gold Fire Assay on 50 g sample 0.005 ppm Copper AAS following hot HCl & HCl/HNO3 0.001 % Silver AAS following hot HCl & HCl/HNO3 0.5 ppm

Gold analyses were performed on 50-gram samples by fire assay operation. The 50-gram sample is blended with appropriate flux and a reducing or oxidizing agent added. The blended material is fused at about 10900C for approximately 1 hour. After cooling, the lead button is separated from the slag. Depending on the size of the lead button (after placing niter (an oxidizing agent)), the sample is subjected to roasting. A process called cupellation at 8600 - 9000 C follows to produce the dore bead, which then undergoes parting and washing in dilute nitric acid. Finally, annealing of the prill at 8000 C is applied to complete the fire assay operation. The gold prill is then weighed in a microbalance with 0.001 mg sensitivity. Copper, silver, lead and zinc analyses were performed on 25-gram samples aqua regia digestion method. 1 ml of concentrated HNO3 is added to the sample. The solution is then heated until all the sulfides are evolved. After this, addition of 3 ml concentrated HCl follows. Next the solution is heated in a boiling water bath for 4 hours. The sample is then set to mark to 10 ml using 1N HCl then shaken and settled overnight. Finally, aspiration in AAS is carried out to determine the copper, zinc and silver content. Appendix 6 contains scanned copies of the original McPhar sample assay results. 14. QUALITY ASSURANCE / QUALITY CONTROL (QA/QC) Gold as the main element sought is the core basis for MRL Gold’s short to long-term primary decisions; such as ranking of prospects, resource/reserve estimation and mine development plans. Each step involves a larger capital expenditure. Therefore, to mitigate risk due to incorrect assay data and to check McPhar’s (MRL Gold’s primary laboratory) sample preparation and assaying standards, a QA/QC assessment was made on the gold assay data set. Risks are reduced because MRL Gold can determine, monitor and ensure the reliability of the assays as well as improve the sample preparation and assaying standards if warranted. Furthermore, investment bankers, concerned government agencies, third party engineering firms and other individuals outside the company may require QA/QC procedures to determine their confidence in MRL Gold’s assay data. Total QA/QC samples for Lobo Project and its vicinity as of end of April 2004 are 183 McPhar internal duplicate results, 9 blank samples and 35 check assays to Intertek (MRL Gold’s secondary laboratory).

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14.1 Duplicate Samples Duplicate samples are used to measure and monitor precision from sampling to assaying. The Mean Percent Difference (MPD) criterion was used supplemented by graphical representation, such as duplicate scatter plots and cumulative frequency graph. No outliers (extreme high and low values) were eliminated and relatively conservative results are presented. MPD is the percent of the pair difference divided by the pair mean. The QA/QC duplicate results in MPD (%) are summarized below:

Table 14: Duplicate Pair MPD (%) Fine Duplicate Coarse Duplicate

McPhar Ratio Intertek Ratio Intertek Ratio

ROCK 5.2 19.1 1 : 51 31.3 1 : 206

SLUDGE 2.4 1 : 7

The 2 sample domains used are rock samples consisting of chip, channel, float, trench or core (Table 15) and sludge samples consisting of RC or DDH sludge (Table 16). As a rule of thumb, if 90 % of the fine duplicate has an MPD within ± 10 % or an average MPD not greater than 10 %, then the pulp grind, assay aliquot size and assay method can be described as providing good precision. Similarly, if 90 % of the coarse duplicate has an MPD within ± 20 % or an average MPD not greater than 20 %, the preparation protocol and subsequent assaying can be considered to provide good precision.

McPhar’s rock and sludge internal duplicate are below the 10 % threshold, with 5.2 % and 2.4 % respectively, passed the MPD test. Rate of rock and sludge re-check is good at 1:7 samples. The rock and sludge duplicate are plotted below as MPD cumulative frequency chart and scatter plot as a visual tool to illustrate trends and the relationship between the original and duplicate sample pairs.

Mean Percent Difference Cumulative Frequency

0

10

20

30

40

50

60

70

0 10 20 30 40 50 60 70 80 90 100

Rock Sample Percentile Rank

Sam

ple

Pai

r M

PD

(%)

n = 183, mean = 4.58, SD = 9.6, COV = 210 %, min < 0.005, max = 64.400

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McPhar's Rock Fine Duplicate

0

10

20

30

40

50

60

70

0 10 20 30 40 50 60 70Original (g/t Au)

Dupl

icat

e (g

/t A

u) - 10 %

+ 10 %


0

2

4

6

8

10

12

14

0 10 20 30 40 50 60 70 80 90 10

Sludge Sample Percentile Rank

Sam

ple

Pair

MPD

(%)

McPhar's Sludge Fine Duplicate

0

5

10

15

20

25

30

35

40

0 5 10 15 20 25 30 35 40

Original (g/t Au)

Dup

licat

e (g

/t Au

)

- 10 %

+ 10 %

n = 34, mean = 7.18, SD = 10.9, COV = 152 %, min = 0.010, max = 39.113

The blind fine duplicate (Table 17) and coarse duplicate (Table 18) check samples to Intertek failed the QA/QC. McPhar versus the Intertek’s fine and coarse duplicate MPD

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yielded 19.1 % and 31.3 %, exceeding the 10 % and 20 % threshold respectively. However, this is also due to some measurable bias that often exists between assay results performed by different laboratories. The coarse duplicate database also needs to be augmented from the current rate of 1:206 samples to at least 1:50 samples for results to be representative. In conjunction with the fine duplicate MPD, a representative coarse duplicate can zero-in on sample preparation error. The fine and coarse duplicate check samples to Intertek were also plotted below for visual analysis of the data.

Fine Duplicate MPD Cumulative Frequency

0

20

40

60

80

100

120

0 20 40 60 80 10

1st vs 2nd Lab MPD Percentile Rank

Sam

ple

Pair

MPD

(%)

n = 28, mean = 19.10, SD = 27.2, COV = 143 %, min = 0.100, max = 104.800

McPhar vs. Intertek Fine Duplicate

0

10

20

30

40

50

60

0 10 20 30 40 50 60

McPhar (g/t Au)

Inte

rtek

(g/t

Au) - 10 %

+ 10 %

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Coarse Duplicate MPD Cumulative Frequency

0

10

20

30

40

50

60

70

80

90

0 50 101st vs 2nd Lab Percentile Rank

Sam

ple

Pai

r M

PD

(%)

McPhar vs. Intertek Coarse Duplicate

0

10

20

30

40

50

0 10 20 30 40 50

McPhar (g/t Au)

Inte

rtek

(g/t

Au)

+ 20 %

- 20 %

X = Y

n = 7, mean = 11.40, SD = 15.6, COV = 137 %, min = 0.007, max = 42.100 14.2 Blank Samples Blank samples are used to monitor contamination in the sample preparation and analysis stages. It is presented in a time sequential manner using a control chart. This will assure that equipments are cleaned every after sample and no sample mix-ups or transcription errors are reported. Fine (pulp) blanks should return values less than or equal to twice the detection limit of 0.005 g/t Au while coarse blank material should not exceed three times the detection limit. Any standard assay point that lies on or above the threshold value is deemed contaminated thus failing the QA/QC protocol. Therefore, at MRL Gold’s option, any or all the batch result for that blank sample may be rejected and the batch re-analyzed for the rejected element together with a new blank standard.

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Table 19: McPhar’s Blank Sample Results Laboratory g/t Au Batch 1 0.005 03-264 2 0.005 03-283 3 0.005 03-292 4 0.005 03-305 5 0.005 03-306 6 0.004 03-310 7 0.004 03-311 8 0.004 03-314 9 0.004 03-315

Blank Sample Control Chart

0.0000.002

0.0040.006

0.0080.010

0.0120.014

0.016

1 2 3 4 5 6 7 8 9

Bla

nk g

/t A

u

McPhar’s blanks are 0.004 g/t Au or 0.005 g/t Au, passed the test and are all within acceptable limit. However, rate of internal blanks should be increased from the current rate of 1:150 to at least 1:50 samples. 15.0 DRY BULK DENSITY CALCULATION 15.1 General Discussion Dry Bulk Density (DBD) is the method preferred and required for resource estimation and hence the standard used by the exploration and mining industry. Suitable procedures were first set in place for the SWB density test. Procedures may vary from deposit to deposit or across any deposit. Sample representativity was sought through careful and consistent implementation throughout the sampling program. Factors likely to affect sample representativity include:

• Poor and/or variable core recovery • Rock condition: friable, blocky, clayish • Veining, shears • Human factor

0.015 g/t Au Threshold

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15.2 MRL Gold’s DBD Procedure

1. Strategically located and representative samples are taken from drill core, trench or outcrops. Samples should at least be 5 cm across. Sample representativity factors to consider for density test are:

a. Lithology and mineralogy b. Porosity c. Fracturing d. Weathering e. Mineralization and grades f. Depth

2. Dust and loose material are removed using a soft brush. 3. The samples are dried in the sun for at least 1 week or oven dried at 100° - 110° for

48 hours (24 hours minimum). 4. Obtain the dry mass (Mdry) by weighing the sample on a triple beam balance at least

twice and average the results. 5. Determine the wax density (g/cc) to be used to coat the sample.

a. Find at least 2 small regular shaped container (e.g., right circular cylinder)

b. Determine container’s dry weight and inner volume (e.g. π.r2.H) c. Melt the wax and pour fully in the container then let the wax dry. d. Determine the weight of the wax + container, and then subtract

container weight (item b) to isolate weight of wax. e. Compute and average the 2 wax density: weight of item d ÷ volume

of item b. 6. Re-melt the same wax to coat the samples and let dry. 7. Determine the rock + wax weight (Wsample+wax). 8. Determine the rock + wax volume by averaging the ‘a’ and ‘b’ methods below.

a. Submerge the material in pre-determined volume of water (Vi) in a graduated cylinder and note the final volume of water (Vf). Sample (rock + wax) volume = Vf - Vi

b. As a check and balance, determine weight / volume of displaced water. Directly convert volume of water (cc) into weight (g) using water density of 1 g/cc: i. Determine weight of empty graduated cylinder (Wcyl).

ii. Determine combined weight (com. weight) of: Vi + graduated cylinder (Wcyl) + Wsample+wax (item 7).

iii. Determine weight of Vi = com. weight - Wcyl - Wsample+wax. iv. Compute weight/volume of displaced water = weight Vf -

weight Vi. 9. Compute wax weight = Wsample+wax (item 7) - Mdry (item 4). 10. Compute wax volume = wax weight in g (item 9) ÷ wax density in g/cc (item 5). 11. Compute sample volume = rock + wax volume (item 8) – wax volume (item 10). 12. Compute sample density = Mdry (item 4) ÷ sample volume (item 11).

15.3 Result of DBD Calculation MRL’s 10 samples averaged 2.6 g/cc. This figure should be used in the resource estimate. The results of MRL’s bulk density test are summarized in Table 20.

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Table 20: MRL Gold’s Dry Bulk Density Calculation

SAMPLE #

DRY ROCK MASS

(g)

ROCK + WAX MASS

(g)

ROCK + WAX

VOLUME (cc)

WAX MASS

(g)

WAX VOLUM

E (cc)

ROCK VOLUM

E (cc) DENSITY (g/cc)

LB-3 304.20 317.40 129.53 13.20 15.49 114.03 2.67LB-4 174.70 181.60 72.25 6.90 8.10 64.15 2.72LB-5 72.00 75.70 31.50 3.70 4.34 27.16 2.65LB-6 43.20 44.60 19.80 1.40 1.64 18.16 2.38LB-11 134.50 138.70 57.10 4.20 4.93 52.17 2.58LB-14 180.50 189.10 82.35 8.60 10.09 72.26 2.50LB-15 64.70 67.20 30.55 2.50 2.93 27.62 2.34LB-21 43.90 45.30 17.60 1.40 1.64 15.96 2.75LB-23 208.90 215.70 89.25 6.80 7.98 81.27 2.57LB-24 156.60 161.40 68.05 4.80 5.63 62.42 2.51

Average 2.6 Both weight in grams (g) and volume in cubic centimeters (cc) were rounded-off to the nearest 2 decimal places. Details such as description and assay values appear in Table 2.

Table 21: Description of Dry Bulk Density Samples

SAMPLE NO.

DDH NO.

SG (g/cc) DESCRIPTION g/t Au g/t Ag

% Cu

Au EQUI

V

8.50 - 8.60 LB-3 2.67 Hydrothermal breccia, hematitic qz-ba-sulph bxa, dominantly qz-cl-py alt, trace cpy

6.345 2.5 0.015 6.40

1.40 - 1.45 LB-4 2.72 Hydrothermal breccia; qtz-bar± sulphide, hematitic matrix. 11.415 11.42

36.6 - 36.8 LB-5 2.65 Qz-Ba-Sul-Cl Bxa, minor brecciated and locally sheared 35.832 1.2 35.85

30.0 - 30.5 LB-6 2.38

Qz-Ba-Sul Hydrothermal Bxa, Light gray hydrothermal breccia, matrix-supported, chalcedonic quartz-sulphide matrix, with small crystals of barite along fractures and vugs. Sulphides, dominantly pyrite, at 5 volume %. The rock is crumbly.

15.175 15.18

50.9 - 51.0 LB-11 2.58 Qtz- bar- py- cly bxa, strong py in vnlts, rare cpy, silfd clasts/mtx 0.890 <0.5 0.021 0.91

53.8 - 54.0 LB-14 2.50 Quartz- barite- sulphide breccia 29.73 0.7 0.01 29.7527.30 - 27.35 LB-15 2.34 Quartz- barite- sulphide breccia 5.690 0.5 0.021 5.72

101.1 - 101.2 LB-21 2.75 Quartz- barite- pyrite breccia, 20% recovered material. 1.005 3.20 0 1.05

49.60 - 49.65 LB-23 2.57 Gray quartz- sulphide breccia with appreciable pyrite and minimal chalcopyrite. 0.135 1.2 0.03 0.19

19.00 - 19.10 LB-24 2.51 Quartz- barite- sulphide breccia. 20.76 0.6 20.77

AVE. DBD 2.57

Note that the sample volume includes pore spaces as stated in MRL Gold’s DBD procedures above.

71

The histogram, shown below, is slightly positively skewed, either indicating that this is the true nature of the data or there is a slight bias in density sampling a symmetrically distributed SWB ore body.

MRL's Density Histogram

0

1

2

3

2.251 -2.336

2.336 -2.421

2.421 -2.506

2.506 -2.591

2.591 -2.676

2.676 -2.761

2.761 -2.846

Class Boundary

Num

ber o

f Sam

ples

Qtz-Bar-Py SWB: 10 samples

n = 10, ave = 2.6, min = 2.34, max = 2.75, SD = 0.14, COV = 5.3 %

There is an inversely proportional relationship in the grade (g/t gold) versus density scattergram below. Grades therefore, can be attributed to an increase in voids caused by one or a combination of the following scenarios: the controlling tensional structure further opened to accommodate more gold mineralization, latter hydrothermal fluids leached some of the rock mass or brecciation introduced better grade but more vuggy clasts and lighter clay matrix within the ore body. Generally, voids are also related to more complex mineralization, gold introducing events.

Grade vs. Density Scattergram

2.30

2.35

2.40

2.45

2.50

2.55

2.60

2.65

2.70

2.75

2.80

0 2 4 6 8 10 12

g/t Au

Dry

Bul

k de

nsity

(g/c

c)

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16.0 INTERPRETATION AND CONCLUSIONS 16.1 Epithermal Gold Prospects

16.1.1 Structural / Depositional Controls Lobo Project contains multiple structurally-controlled epithermal vein breccia systems relating to a stress regime that facilitated either alternate or simultaneous normal or strike- slip faulting. The dominant northeast trends of the veins in the project area represent mineralized transtensional en-echelon tension gashes, interpreted as regional “transfer structures”, related to the northwest trending sinistral strike-slip faulting which are dispersed splays of the Philippine Fault Zone. To date, approximately 7 km of northeast trending epithermal vein breccias have been recognized, of which, two main trends, the Sampson and Camo Trends, were delineated. These two main veins clearly demonstrate mineralization within the interpreted “transfer structures”. The Lobo vein breccia systems are interpreted as epithermal mineralization related to high level intrusive(s). Magmatic fluids were channeled by pre-existing, generally, northeast-trending fault structures. The hydrothermal activity is believed to be multi-episodic, wherein, repeated influx of the hydrothermal fluids caused sealing and boiling, which enhanced secondary brecciation events. The episodic fluid upflow may have resulted in rapid fluid pressure change - the best means of inducing gold deposition. The colloform-crustiform banding is an excellent example of textures caused by repeated sealing and boiling. In addition, multi-brecciation and hydrofractured textures common at SWB attests to this. This process may have occurred at the mixing zone where the acid fluids interacted with shallow neutral fluids, with attendant deposition of barite, sulfides and gold. 16.1.2 Deposit Types

Lobo Project displays complex and overprinting epithermal mineralization styles, comprising high sulphidation and low sulphidation types, commonly associated with barite- quartz- pyrite- clay gangue mineral assemblages. The recognized mineralization types are exemplified by the metal zonation that is evident in the project area, which includes copper- gold- silver zone delineated in the Lobo Old Mine, Camo area and Japanese Tunnel (SWB), and a high- gold zone at Dita (SWB). The relative proximal occurrences of these prospects that exhibit differing mineralizations, reflect the complexity and the possible mixing of the mineralizing hydrothermal fluids. Bailey (2003) states: “The Lobo project area hosts a classic high sulphidation precious metal - copper epithermal system that is overprinted by low sulphidation gold mineralization. Fluids, from which high sulfidation mineralization was deposited, were channeled upwards along the intersection of northeasterly- and northwesterly-striking dilatants structures from an underlying pluton. These fluids were probably highly acid initially and dominated by metal chloro complexes in solution at relatively high temperature. The resultant heat flux then caused the establishment of circulating cells of meteoric water that cooled and diluted the upwelling acid solutions to the point where chloro complexes were no longer stable

73

and the solutions were unable to transport base metals. Gold, however, continued to remain in solution, probably as thio complexes (Au + HS-), to be deposited along the northeasterly-striking structures in zones of hydrothermal brecciation. Obviously there is a pluton at depth but of unknown size and, as yet, of unknown depth.”

16.1.3 SWB Ore-Shoot

The Phase 1 and 2 drill programs have delineated a significant, near-surface gold resource at SWB. The drill intersections within SWB are of good gold grade and width. At the time of writing, a gold resource calculation for SWB is being carried out. Figure 20 is a longitudinal section of SWB showing grade in relation to vein breccia width. As is typical of epithermal systems, mineralization at Lobo probably occurs as multiple mineralized shoots, with vertical dimensions greatly exceeding horizontal dimensions. The SWB ore shoot is likely controlled by structural intersections. The configuration of SWB (low sulphidation system) resembles the high sulphidation ore-shoot pattern in the Old Lobo Mine. It is expected that more ore-shoots will be located along Camo and Sampson Trends, although only a small number of these mineralized shoots are expected to be exposed at the present day erosion level. A considerable amount of drilling will be required to discover and evaluate these blind shoots. In places there is post-ore faulting within SWB, which may influence grade. It appears that within the vein breccia ore zone, there is a strong correlation between the gold grade and the magnitude of the recorded post-ore faults. Post-ore faults generated clays and introduced wall rock fragments into the mineralized vein breccia that diluted the ore materials, thereby, lowering the gold grade (e.g., LB-13, 21). It is, however, strongly believed that beyond the clayey shear zones, massive breccia zones containing high gold values will still be encountered at depth. This is evidenced by the presence of some clasts/fragments within the sheared mineralized section, which show texture and mineralization similar to those of the high grade zones. The only difference is that, copper sulphides and appreciable base metal sulphides become noticeable in the vein breccia at deeper levels. The presence of these sulphides indicates transition into the deeper level of the mineralization system. The down dip extensions of the mineralized breccia should be pursued using reverse circulation drilling, or a larger diamond drill rig.

16.1.4 Old Lobo Mine

Unfortunately, it has not been possible to locate detailed mining records from the Old Lobe Mine, and little is known about the mine. Summary reports and data indicate the ore shoot contained high grades in the 2-6% range [according to an old longitudinal section]. It is not known why mining ceased in 1969. It is possible the high sulphidation copper-silver ore-shoot is open to depth. Orientation electromagnetic surveying is proposed to test this possibility. Further to the southwest along strike, in the West Drift area, drill testing will take place to locate the reported gold “reserve” of 60,000 ozs. Quartz stockworks and


LONGITUDINAL SECTION(Looking NW)


20 meters

Gold grade g/t x true vein width in meter

LB-15

>75 - 99

>100

Drill hole number

>50 - 74

>20 - 49

>10 - 25

95.19’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’

LB-231.55

LB-1744.0

LB-22

LB-198.05

1.55

32.89LB-18

LB-212.82

NE

Topographic profile along section line

Outcrop channel

117.52

LB-15

LB-13

LB-14LB-120.58

15.03

LB-25

LB-20

LB-04

LB-03

LB-06

LB-161.30

210.10Trench no. 2

358.25Trench no. 1

59.7

159.2

SW

LB-07

144.09

95.19

2.52

190

52.29

110.39 79.5

LB-01

118.58LB-24

LB-11

LB-1017.68

5.5

Figure 20

75

quartz ± barite veins/veinlets mapped along Batang Creek and its tributaries draining the magnetic low anomalous area may be related to the West Drift target. The crustiform-colloform banded texture and opaline to chalcedonic character of the quartz veins and veinlets signify high-level epithermal environment of formation. More strongly developed vein breccia is expected at a deeper level in this epithermal environment. The mapped vein breccia in P. Anyayahan’s land property (elevation 240m asl) in West Drift Hill is interpreted to be the southwest extension of Sampson Trend. This zone is the main drill target in West Drift. The ground magnetic survey delineated a continuous strong magnetic low signature from the Old Lobo Mine to Bukal area, following the general course of Batang Creek. This magnetic low anomaly is interpreted to be a zone of intense hydrothermal alteration resulting in magnetite destruction. LB-30 was drilled within this magnetic low zone and intersected sections with significant mineralization associated with the strong alteration. It is apparent that other ore-shoots could be intersected along the extensive magnetic low coincident with the Sampson Trend.

16.1.5 Acacia Ore-Shoot The newly-located, northwest-trending Acacia ore-shoot manifests a complex mineralization system, exhibiting gold-silver and gold-copper-silver types. This ore shoot which cuts across the northeast trending Camo Trend, may have developed as tension vein split from the main Camo- SWB vein system. The possible southeast extension of this vein split towards the silica cap area (near J- Hill prospect), may have been a good locus for substantial mineralization, especially under the silica cap. The cross- intersection of the Acacia vein split and the main Camo- SWB vein system is also considered a favorable target area. The overprinting of mineralization in Acacia is distinct from that of SWB ore-, which is low-sulphidation, while the Acacia ore-shoot manifests both low and high sulphidation mineralization. The occurrence of high sulphidation mineralization in Acacia may indicate the presence of nearby high-level porphyry intrusive at depth. It is a common observation in the Philippines, and around the circum-Pacific belt, that high-sulphidation mineralization may form as shoulders of porphyry intrusives, with which, porphyry copper- gold mineralization could be associated.

16.1.6 Potential for Ore-Shoots Below Silica Cap The approximately 7 km mineralized epithermal vein breccia trends recognized in Lobo Project are only partially defined to date. The extensive related silica cap materials, as well as Quaternary cover rocks, may have obscured other vein breccia trends beneath these. Extensive areas of erosional remnants of and in-situ silica ledges or silica cap, occur above and alongside the vein breccia systems and elsewhere at Lobo (Figure 3). These silica ledges, comprising pervasive and intense quartz-pyrite (± alunite clay) mineral assemblages, have moderate to low grades (as seen to date), or are barren, and were generated during an earlier proximal acid-sulphate alteration episode,

76

above the boiling zone. Boulder fields of such material are interpreted to be residual.

Extensive silica sealing creates an impervious layer that allows fluid build-up, leading to explosive venting, boiling and brecciation. This hydrothermal brecciation process creates the appropriate secondary permeability required for an ore-grade gold deposit to form. Secondary permeability might have also been provided by porous “vuggy silica” formed during earlier acid leaching. The exploration potential beneath these silica cap areas is considered high. These probably represent intact acid caps to the hydrothermal systems, and the extension of the boiling zone at depth. In addition, the extensive Quaternary volcanic cover in the project area may obscure epithermal mineralization below. The cover is thought to be thin in places, thus mineralized targets beneath may be accessible to exploration.

16.2 Porphyry Copper-Gold Potential

The syn-mineral, high-sulphidation component present just southwest of SWB at Japanese Tunnel, in the Old Lobo Mine, and elsewhere at Lobo, strongly suggests that a magmatic source(s) is present at shallow depth. A cluster of 6 distinct magnetic responses occurs within the Lobo Project and one just outside, in ground also controlled by MRL Gold/Egerton. These anomalies are interpreted as high-level intrusions with which porphyry copper-gold mineralization could be associated. A potassium anomaly occurs associated with three of the magnetic anomalies in proximity to the Old Lobo Mine/West Drift area, which may reflect potassium enrichment and porphyry copper-gold associated potassic alteration.

The ground magnetic survey defined a very prominent positive anomaly, approximately coincident with two airborne anomalies, extending over an area of about 600 m by 150 m. Modeling indicates its depth is approximately 100 m. A second positive magnetic anomaly in the northeast of the current survey area has been partially defined to date. The ground survey will be extended to cover this as well as the other airborne anomalies on the Lobo Project. The prominent positive magnetic anomaly is interpreted as being associated with a porphyry copper-gold system.

The presence of a porphyry system is supported by alteration windows that were mapped in the Batang Creek, West Drift and Bukal areas, comprising of clay (illite/smectite)–pyrite±quartz (argillic alteration) and localized intertonguing quartz-pyrite-clay (intermediate argillic) with accompanying chlorite-calcite replacement. The surrounding propylitic alteration consists of chlorite-magnetite-pyrite±clay. Theoretically, argillic and intermediate argillic alteration consisting of illite/smectite, pyrite and quartz is transitional to quartz-sericite-pyrite (phyllic) zone, which eventually progresses into the inner biotite-magnetite-quartz± k-feldspars (potassic) zone. The magnetite content of the potassic zone may have caused the positive magnetic responses outlined by the ground magnetic survey between West Drift and SWB. The syn-mineral high sulphidation component

77

present throughout Lobo Project strongly suggests that a magmatic source(s) is present at shallow depth.

Other areas that show significant copper mineralization within the Lobo tenements,

and which may indicate a porphyry source at depth, include: FNE, where high copper (up to 8.68 %) and silver (up to 1,792 g/t) values were obtained from float samples; Nagtoctoc, where chip samples of outcrops show 7.3 % copper and 87 g/t silver; and Pica Prospect. The latter prospect, although has not yielded significant copper and gold grades, features extensive silica capping that signifies intense acid leaching from magmatic derived fluids emanating from a possible porphyry intrusive source at depth.

Several drill holes in SWB, located about 300 m southeast of the magnetic high [interpreted intrusive], also revealed a number of clues that point to a mineralized porphyry body somewhere at depth. For example, LB-13 intersected bleached polymictic hydrothermal breccia showing pervasively intense clay-pyrite-(chlorite-calcite) replacement. The pyrite crystals occur in very fine disseminations and reaches up to 10 % of total rock volume. The presence of pervasive clay replacement and the considerable amount of fine pyrite in the rock matrix, indicate that the possible source of the mineralizing hydrothermal fluid is not too far. The fluid is believed to have risen from a nearby intrusive. Polymictic breccias, though less argillic, were also intersected in LB-21 (26m northeast of LB-13) and LB-28 (125m west of LB-13). The occurrence of hydrothermal breccias around the margin of porphyry systems is a common feature in the Philippines and elsewhere in the Asia Pacific region. The identified replacement sericite/illite- quartz- chlorite-clay in host rock andesite in LB-17, suggests possible transition to phyllic (quartz- sericite- pyrite) zone. Also, the recognition of chalcopyrite specks with tennantite/ tetrahedrite (± enargite) in LB-21 and LB-27 coupled with increasing base metals (sphalerite>galena>chalcopyrite) towards the bottom of, for example, LB-17, strongly suggests a mineralized intrusive nearby.

Other trends that warrant follow-up for porphyry targets include the Nagtoctoc and Pica Prospects. These are co-parallel and similar in nature to Sampson and Camo Prospects. Nagtoctoc Prospect is a breccia-vein complex associated with quartz-clay-barite gangue and an advanced argillic altered (kaolinite) envelope. An aeromagnetic high anomaly coincides with this prospect, which suggests there may be a porphyry target at depth as well.

Pica is a zone of intense high-level epithermal silicification with barite-sulphide veins and breccias. Vuggy silica and pervasive silica replacement are indicative of intense acid leaching from magmatic-derived fluids emanating from a possible porphyry intrusive source at depth.

17.0 RECOMENDATIONS

17.1 SWB Zone

• More intensive study and interpretation of the structural geology to elucidate structural controls of the gold-mineralized quartz-barite-pyrite breccia at SWB, and elsewhere on the Lobo Project (in progress)

78

• Additional detailed exploration along the Camo Trend to delineate drill targets. The objective is to find another swell portion of the vein-breccia (similar to SWB zone) along the 2 km potential strike and increase the gold resource. This will also determine the extent of the Japanese Tunnel mineralization as revealed in LB-08 and LB-09.

• Parallel computer generated resource calculation of SWB zone. • Drilling to test the down-dip extension of SWB. 17.2 West Drift to SW Breccia Area

• Orientation induced polarization over the magnetic anomaly between the West

Drift-SWB areas • Drilling in West Drift area to locate and evaluate the reported high grade gold

resource in the Old Lobo Mine. • Drilling the West Drift area porphyry target 17.3 Acacia

• Additional drilling to test the Acacia ore-shoot intersected in LB-27.

17.4 Other Lobo Prospects

• Continued prospecting mapping and definition of all vein breccia trends and

silica cap at Lobo. • Orientation soil geochemistry survey • Pitting and trenching of high-potential prospects • Drilling of best targets • Evaluation of aeromagnetic anomalies for their porphyry copper-gold potential

(geochemical, geological and geophysical surveying)

17.5 Quality Assurance/Quality Control (QA/QC)

• It is recommended that McPhar’s fine and coarse rejects be re-tagged and re-assayed as blind duplicate by the same laboratory. The blind fine and coarse duplicate should be done at least 1:50 (2 %) samples.

• It is recommended that MRL Gold prepare its own in-house blanks for insertion at the rate of 1:50 samples.

• To measure and monitor assaying accuracy as well as precision, MRL Gold should supplement its QA/QC program using Standard Reference Material (SRM). SRM has extremely low heterogeneity, reliably prepared, accurately characterized, has similar required element mineralogy with the venture area, and has grade values within the range of the project. This can either be purchased commercially (quick implementation and for short term projects) or prepared ‘in-house’ (cost-effective and for long term projects).

79

18.0 REFERENCES Aurelio, Mario, 2003. Preliminary Structural Geological Observations in the Lobo, Batangas Project of MRL Gold Phils., Inc. MRL Gold Phils., Inc. Internal Memorandum. June 2003. Avila, Emil Jr. 1980. Report on the geology and mineral resources of southern Batangas covering Lobo, Batangas City, Malabrigo and San Juan Quadrangles. Bureau of Mines and Geosciences Technical Information Series No. 14-80. Bailey, D. G., 2003. Archangel-Lobo Projects: Comments and Recommendations. Mindoro Resources Ltd. Internal Report. August 29, 2003. 5 p. Chase Resources Corporation, 1995. Taysan copper-gold project, Batangas, project overview. In: Scotia Mcleod Philippine Mining Excursion proceedings. October 1995. 5 p. Comsti, M.C., 2003. Petrographic and mineragraphic analysis samples from Lobo, Batangas property of MRL Gold Philippines, Inc. (in Appendix 4). Corbett, G., 1996. Comments on the structural controls to gold-copper mineralization in the Chase Minerals Batangas Project, Philippines. Internal company report, Chase Minerals. 8 p. Gamatero, N.C. et al., 1956. Lobo Copper Mines, Batangas, Philippines. In: Kinkel et al. (eds.) Copper deposits of the Philippines. Philippine Bureau of Mines Special Publication Series No. 16. pp. 67-71. Haynes, Mike 1999. Interpretation of Taysan aeromagnetic data, Lobo project, the Philippines. Billiton Philippines internal report. 11 p. Mines and Geosciences Bureau, 1984. Geology and mineral deposits of the Philippines. Volume II. Philippine Mining News, 1953. Pan Philippines Corporation: Milling plant under consideration. pp 24-29. Philippine Mining Journal, 1969. Copperbelt Corporation: review on annual operations. Robertshaw, Phil, 2004, Interpretation of Ground Magnetic Survey Data, MRL Gold Phils., Inc., Internal Report, 2 p. Ruelo, H.B. and F. Lab-oyan, 2003. Comments on Kay Tanda Drillcore Re-Logging. MRL Gold Philippines, Internal Report. 15 p. Ruelo, H.B. and J. A. Climie, 2002. Reconnaissance Mineral Property Evaluation of the Lobo Project, Batangas Province, Philippines. Mindoro Resources Ltd. Technical Report- September 10, 2002. 21 p.

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APPENDIX 1

SURFACE ROCK SAMPLES LEDGER

Appendix 1A

Outcrop Samples Ledger

SAMPLE EAST NORTH GOLD, g/t SILVER, g/t COPPER, % TYPE LOCATION SAMPLERSPATCH N57701 311080 1509986 1.00 730.00 4.00 OC Rockchip 1.0m Camo 1 NR 2002-0157704 309976 1510796 2.00 16.00 0.00 OC Rockchip 1.0m Calumpang vein NR 2002-0157716 310103 1510882 0.00 13.00 0.00 OC Rockchip 1.0m Paco vein NR 2002-0157719 310459 1510488 0.00 1.00 0.00 OC Rockchip 1 .0m Mine creek, Batang tributary NR 2002-0157724 311091 1509984 1.00 488.00 1.00 OC Channel 9.0m Camo 1 EA 2002-0157629 311275 1510130 0.00 5.00 0.00 OC Rockchip 1.0m Binong NR 2003-0257639 311155 1510130 0.00 113.00 2.00 OC Channel 1.0m Camo NR 2003-0257640 311155 1510136 0.00 3.00 0.00 OC Channel 2.0m Camo NR 2003-0257641 311156 1510140 0.00 1.00 0.00 OC Rockchip 1.0m Camo NR 2003-0257642 310679 1509691 0.00 3.00 0.00 OC Channel 2.0m Acacia NR 2003-0257643 310683 1509690 0.00 2.00 0.00 OC Channel 2.0m Acacia NR 2003-0257644 310687 1509696 0.00 1.00 0.00 OC Channel 2.0m Acacia NR 2003-0257645 310699 1509692 0.00 2.00 0.00 OC Channel 3.0m Acacia NR 2003-0257646 310617 1509663 0.00 7.00 0.00 OC Channel 4.0m Acacia NR 2003-0257647 310618 1509664 0.00 9.00 0.00 OC Channel 4.0m Acacia NR 2003-0257648 310619 1509666 0.00 6.00 0.00 OC Channel 4.0m Acacia NR 2003-0257649 310237 1509403 7.00 10.00 1.00 OC Channel 5.0m SWB NR 2003-0257650 310245 1509402 2.00 2.00 0.00 OC Rockchip 1.5m SWB NR 2003-0257654 310367 1509455 37.00 2.00 0.00 OC Rockchip 1.5 m SWB NR 2003-0257656 311045 1509906 0.00 13.00 0.00 OC Rockchip 2.0m Camo NR 2003-0257657 311068 1509910 0.00 4.00 0.00 OC Rockchip 0.5m Camo NR 2003-0257659 310140 1509367 1.00 7.00 0.00 OC Rockchip 0.5m SWB NR 2003-0357660 310121 1509355 1.00 7.00 0.00 OC Rockchip 0.5m SWB NR 2003-0357661 310226 1509396 2.00 3.00 1.00 OC Rockchip 0.5m SWB NR 2003-0357662 310615 1509659 0.00 9.00 0.00 OC Rockchip 5.0m Acacia NR 2003-0357663 310617 1509660 0.00 5.00 0.00 OC Rockchip 5.0m Acacia NR 2003-0357665 310441 1509480 11.00 2.00 0.00 OC Rockchip 1.0m SWB NR 2003-0357667 310400 1509364 0.00 3.00 0.00 OC Rockchip 3.0m SWB NR 2003-0357672 310534 1509387 0.00 1.00 0.00 OC Rockchip 2.0m SWB NR 2003-0357673 310065 1508697 0.00 0.00 0.00 OC Channel 7.0m Bahayan NR 2003-0357674 310064 1508654 0.00 1.00 0.00 OC Rockchip 10.0m Bahayan NR 2003-0357675 310096 1508679 0.00 1.00 0.00 OC Rockchip 0.5m Bahayan NR 2003-0357676 311098 1510033 0.00 9.00 0.00 OC Channel 2.8m Trench 4 Camo 2 Camo NR 2003-0457677 310363 1509452 13.00 2.00 0.00 OC Rockchip 8.0m Trench 1 SWB NR 2003-0457678 310357 1509449 39.00 2.00 0.00 OC Rockchip 5.0m Trench 1 SWB NR 2003-0457682 310454 1509474 19.00 2.00 0.00 OC Rockchip 11.0m Trench 2 SWB BLO 2003-0557686 310612 1509658 0.00 5.00 0.00 OC Rockchip 0.5m Acacia BLO 2003-06

OUTCROP SAMPLE

SAMPLE EAST NORTH GOLD, g/t SILVER, g/t COPPER, % TYPE LOCATION SAMPLERSPATCH N57688 310399 1509464 0.00 3.00 0.00 OC Rockchip 5.1m SWB BLO 2003-0657689 310411 1509457 5.00 3.00 0.00 OC Rockchip 3.5m SWB BLO 2003-0657690 310413 1509482 1.00 2.00 0.00 OC Rockchip 2.0m SWB BLO 2003-0757691 310407 1509460 9.00 6.00 0.00 OC Rockchip 0.70m SWB BLO 2003-0757692 310403 1509462 0.00 3.00 0.00 OC Rockchip 2.1m SWB BLO 2003-0757693 310426 1509471 18.00 2.00 0.00 OC Rockchip 5.0m SWB BLO 2003-0757694 310359 1509473 0.00 8.00 0.00 OC Channel 5.0m Trench drillsite SWB NR 2003-0857695 310357 1509476 0.00 0.00 0.00 OC Channel 4.0m Trench drillsite SWB BLO 2003-0857276 310937 1509795 0.00 4.00 0.00 OC Rockchip 3.0m East Ridge NR 2003-1257277 310908 1509779 0.00 77.00 0.00 OC Rockchip 1.0m East Ridge NR 2003-1257282 310996 1509844 0.00 2.00 0.00 OC Rockchip 1.50m Trench Camo 3 trench BLO 2003-1257283 310984 1509848 1.00 16.00 0.00 OC Rockchip 9.50m Trench Camo 3 trench BLO 2003-1257284 311001 1509839 0.00 2.00 0.00 OC Rockchip 5.50m Trench top East Ridge BLO 2003-1257285 310887 1509774 0.00 1.00 0.00 OC Rockchip 1.60m Trench 1 East Ridge BLO 2003-1257286 310908 1509785 0.00 1.00 0.00 OC Rockchip 2.00m Trench 2 East Ridge BLO 2003-1257287 310908 1509783 0.00 2.00 0.00 OC Rockchip 0.80m Trench 2 East Ridge BLO 2003-1257251 310022 1512379 0.00 11.00 3.00 OC RC 3.20m Nagtoctoc 1 NR 2003-1857252 310007 1512405 0.00 5.00 7.00 OC RC 3.30m Nagtoctoc 1 NR 2003-1857253 309982 1512426 0.00 11.00 0.00 OC RC 3.50m Nagtoctoc 1 NR 2003-1857254 309972 1512436 0.00 29.00 0.00 OC RC 2.00 m Nagtoctoc 2 NR 2003-1857255 309926 1512376 0.00 8.00 0.00 OC RC 2.00 m Nagtoctoc 2 NR 2003-1857256 310888 1509771 0.00 15.00 0.00 OC RC 1.00 m Trench East Ridge NR 2003-1857258 309950 1510810 0.00 2.00 0.00 OC Rockchip 2.00m Calumpang NR 2003-2057259 309969 1510812 0.00 3.00 0.00 OC Rockchip 5.00m Calumpang NR 2003-2057260 309999 1510818 0.00 2.00 0.00 OC Rockchip 1.00m Calumpang NR 2003-2057261 309986 1512130 0.00 5.00 2.00 OC Rockchip 1.00m Nagtoctoc NR 2003-2057262 309971 1512151 0.00 3.00 0.00 OC Rockchip 10.00m Nagtoctoc NR 2003-2057263 309955 1512162 0.00 40.00 0.00 OC Rockchip 12.00m Nagtoctoc NR 2003-2057264 309935 1512249 0.00 87.00 0.00 OC Rockchip 1.00m Nagtoctoc NR 2003-2057265 309956 1512254 0.00 15.00 0.00 OC Rockchip 1.00m Nagtoctoc NR 2003-2057266 310025 1510820 0.00 3.00 0.00 OC Rockchip 5.00m Calumpang NR 2003-2057267 310027 1510803 0.00 10.00 0.00 OC Rockchip 5.00m Calumpang NR 2003-2057293 310800 1511101 0.00 4.00 0.00 OC Rockchip FNE BLO 2003-2057294 311069 1510793 0.00 43.00 0.00 OC Rockchip FNE BLO 2003-2057295 311193 1511147 0.00 8.00 0.00 OC Rockchip FNE BLO 2003-2057296 310855 1510683 0.00 58.00 0.00 OC Rockchip FNE BLO 2003-2057297 310795 1510723 0.00 6.00 0.00 OC Rockchip FNE BLO 2003-2057298 309962 1510177 0.00 2.00 0.00 OC Rockchip West Drift BLO 2003-2057299 310284 1510411 0.00 4.00 0.00 OC Rockchip West Drift BLO 2003-20

SAMPLE EAST NORTH GOLD, g/t SILVER, g/t COPPER, % TYPE LOCATION SAMPLERSPATCH N57300 310158 1510423 0.00 2.00 0.00 OC Rockchip West Drift BLO 2003-207201 310120 1510430 0.00 2.00 0.00 OC Rockchip West Drift BLO 2003-207202 310908 1509781 0.00 3.00 0.00 OC Rockchip Trench East Ridge BLO 2003-207203 310910 1509777 0.00 6.00 0.00 OC Rockchip Trench East Ridge BLO 2003-207204 310195 1509505 1.00 1.00 0.00 OC Rockchip Testpit SWB BLO 2003-207205 310229 1509494 1.00 2.00 0.00 OC Rockchip Testpit SWB BLO 2003-207226 310843 1510668 0.00 8.00 0.00 OC Rockchip Trench 1 FNE BLO 2003-247227 311050 1510796 0.00 14.00 0.00 OC Rockchip Trench 2 FNE BLO 2003-247228 311032 1511001 0.00 9.00 0.00 OC Rockchip Trench 3 FNE BLO 2003-247229 311195 1511154 0.00 18.00 0.00 OC Rockchip Trench 4 FNE BLO 2003-247230 310755 1511008 0.00 5.00 0.00 OC Rockchip FNE BLO 2003-24

57268 306022 1514572 0.00 0.00 0.00 OC Rockchip 1-m Calo NR / P 2003-2457269 306256 1515218 1.00 9.00 2.00 OC Rockchip 1-m Taywanak NR / P 2003-2457270 306213 1515262 0.00 19.00 0.00 OC Rockchip 1-m Taywanak NR / P 2003-2457271 305206 1514279 0.00 1.00 0.00 OC Rockchip 1-m Biga-a NR / P 2003-2457272 310045 1510155 0.00 5.00 0.00 OC Rockchip 1-m West Drift NR / P 2003-2457273 310070 1510157 0.00 4.00 0.00 OC Rockchip 1-m West Drift NR / P 2003-2457274 310066 1510119 0.00 0.00 0.00 OC Rockchip 1-m West Drift NR / P 2003-2457275 310061 1510302 0.00 4.00 0.00 OC Rockchip 1-m West Drift NR / P 2003-247231 310070 1510296 0.00 2.00 0.00 OC Rockchip 1-m West Drift NR / P 2003-247232 310306 1510263 0.00 6.00 0.00 OC Rockchip 1-m West Drift NR / P 2003-247233 310033 1512235 0.00 69.00 0.00 OC Rockchip 1.0m Nagtoctoc NR / P 2003-257234 310074 1512188 0.00 4.00 0.00 OC Rockchip 1.0m Nagtoctoc NR / P 2003-257235 309934 1512290 0.00 87.00 0.00 OC Rockchip 1.0m Nagtoctoc NR / P 2003-257236 309950 1512220 0.00 3.00 0.00 OC Rockchip 1.0m Nagtoctoc NR / P 2003-257210 309138 1510550 0.00 2.00 0.00 OC Rockchip 1.0m Pica NR / P 2003-257211 309121 1510504 0.00 2.00 0.00 FL Grab Pica NR / P 2003-257212 309091 1510471 0.00 11.00 0.00 FL Grab Pica NR / P 2003-257213 309153 1510416 0.00 1.00 0.00 FL Grab Pica NR / P 2003-257214 309368 1510554 0.00 6.00 0.00 OC Rockchip 1.0m Pica NR / P 2003-257221 310179 1510112 0.00 6.00 0.00 OC Rockchip 1.0m Bukal NR / P 2003-257237 306265 1515202 0.00 1.00 0.00 OC Rockchip 4.0m Taywanak NR 2003-267238 306273 1515208 1.00 3.00 0.00 OC Rockchip 2.0m Taywanak NR 2003-267239 306267 1515226 1.00 4.00 0.00 OC Rockchip 3.0m Taywanak NR 2003-267240 306270 1515217 0.00 1.00 0.00 OC Rockchip 2.0m Taywanak NR 2003-267241 306267 1515209 0.00 1.00 0.00 OC Rockchip 5.0m Taywanak NR 2003-267242 306218 1515259 0.00 20.00 0.00 OC Rockchip 1.0m Taywanak NR 2003-267243 305189 1514281 0.00 1.00 0.00 OC Rockchip 10.0m Biga-A NR 2003-267244 305176 1514284 0.00 1.00 0.00 OC Rockchip 10.0m Biga-A NR 2003-26

SAMPLE EAST NORTH GOLD, g/t SILVER, g/t COPPER, % TYPE LOCATION SAMPLERSPATCH N7245 305258 1514400 0.00 0.00 0.00 OC Rockchip 1.0m Biga-A NR 2003-267246 305483 1514398 0.00 0.00 0.00 OC Rockchip 10.0m Biga-A NR 2003-267247 305539 1514480 0.00 0.00 0.00 OC Rockchip 10.0m Biga-A NR 2003-267248 306013 1514547 0.00 1.00 0.00 OC Rockchip 1.0m Calo NR 2003-26

58802 309868 1510986 0.00 4.00 0.00 OC Rockchip 10.0m Pica NR / P 2003-2658809 310577 1509644 0.00 0.00 0.00 OC Rockchip 1.0m SWB BLO 2003-2758811 310318 1510247 0.005 9.2 0.004 OC Rockchip 1.0m West Drift FTL 2003-2859613 310252 1510231 0.025 0.60 0.00 Trench sample-outcrop 8m West Drift, Tr-2 FTL/ MCDS 2004-1059021 310256 1510219 0.005 4.90 0.00 Trench sample-outcrop 4.5m West Drift, Tr-3 FTL/ MCDS 2004-1059020 310257 1510216 0.010 3.20 0.00 Trench sample-outcrop 3.2m West Drift, Tr-3 FTL/ MCDS 2004-1059019 310260 1510213 0.015 4.40 0.00 Trench sample-outcrop 1.5m West Drift, Tr-3 FTL/ MCDS 2004-1059612 310266 1510207 0.005 50.40 0.00 Trench sample-outcrop 1.5m West Drift, Tr-1 FTL/ MCDS 2004-1059611 310270 1510204 0.005 1.30 0.00 Trench sample-outcrop 8m West Drift, Tr-1 FTL/ MCDS 2004-1058812 310077 1510156 0.011 1.00 0.004 OC Rockchip 1.0m West Drift FTL 2003-2858818 310060 1510157 0.010 2.50 0.005 OC Rockchip 1.0m West Drift FTL 2003-2858827 310625 1510509 0.050 39.20 0.016 OC Rockchip 3.0m Sampson FTL 2003-2958828 310603 1510508 0.055 7.60 0.008 OC Rockchip 10.0m Sampson FTL 2003-2958824 310486 1510465 0.045 2.00 0.038 OC Rockchip 6.0m Sampson FTL 2003-2958825 310465 1510448 5.855 18.40 0.158 OC Rockchip 1.5m Sampson FTL 2003-2958823 310467 1510439 0.535 3.80 0.189 OC Rockchip 1.0m Sampson FTL 2003-29

DISPATCH DATE DESCRIPTIONJuly 2 2002 Qz-ba-sulph vein breccia, moderate azu-mal stainingJuly 2 2002 Qz-py altered veinwall, moderate vuggy, intense silicification, mod fractured, py 10 % dissmJuly 2 2002 qz-ba colloform-banded, py 10 %, bxd, cut by coarse qz vnltJuly 2 2002 massive qz-py with dissm copper▒iron sulphide, dissm <py 20 %, weakly vuggyJuly 2 2002 Qz-ba-sulph vein breccia, moderate azu-mal stainingFebruary 3 2003 light grey intense pervasive cl-qz-py alt andesite, minor cpy-sph-gal irreg vnlts, minor vuggyFebruary 3 2003 brecciated wk-mod cl-chl-qz-py altered andesite, locally sheared, mod mal-azu stainFebruary 3 2003 light grey weak cl-chl-qz-py alt andesite, locally brecciated, minor mal stainFebruary 3 2003 d grey selective chl-qz-py altered andesiteFebruary 3 2003 hydrothermal breccia?, grey intense qz-py altered clasts, argillized matrixFebruary 3 2003 argilliized andesitic polymictic breccia, altered and mineralized clastsFebruary 3 2003 argilliized brecciated andesiteFebruary 3 2003 argilliized brecciated andesite, trace mal stainFebruary 3 2003 breccia, intense dk grey qz-py altered clasts +/-Cu sulphidesFebruary 3 2003 breccia, intense dk grey qz-py altered clasts +/-Cu sulphidesFebruary 3 2003 breccia, intense dk grey qz-py altered clasts +/-Cu sulphidesFebruary 3 2003 hydrothermal breccia?, clast-support, mod qz-py alt, bor-cpy fract fill, mod mal-azu stainFebruary 3 2003 hydrothermal breccia?, clast-support, mod qz-py alt, bor-cpy fract fill, mod mal-azu stainFebruary 3 2003 hydrothermal breccia, dk grey, sulphidic matrix, argillized (kaol-alunite?) clasts, late qz veinsFebruary 3 2003 light grey qz-py breccia , minor bor-cpy, 10 vol % dissm pyFebruary 3 2003 grey intense qz-py altered andesire, minor bor-enr dissmFebruary 19 2003 dk grey qz-sulp-cl bxa, replacement text, matrix-support, silicicd in places, mod vuggy, blebby py 15%February 19 2003 dk grey-pink red qz-sulp bxa, mod vuggy chalc qz, replacement breccia textFebruary 19 2003 light grey vuggy silica, intense silicified, locally banded chalc qz + eng-luz-bor-cpy infillFebruary 19 2003 dk grey vuggy silica to intense qz-py-cl altered, relict igneous text, fine-grd bor-eng-cpy, late chal qz hairline vnltsFebruary 19 2003 weathered qz-cl-py altered andesite, wkly fractd, cut by open-space late chalcedonic qz vnltsFebruary 19 2003 mottled grey mod vuggy qz-ba-cl intense altered andesite, 10% fine-grnd py+/- Cu sulp, late chalc qz vnltsFebruary 19 2003 intense qz-py-cl altered andesite jigsaw breccia, v fine-grnd qz, weakly vuggyFebruary 19 2003 grey-reddish quartz-jasper vein, weakly vuggy, chalcedonic massive quartz, minor pyriteFebruary 19 2003 intense clay-quartz altered andesite with Cu sulphide irregular veins+ manganese infillFebruary 19 2003 clay-chlorite+'- quartz altered andesite, minor dissm sulphidesFebruary 19 2003 dark grey-black chalcedonic quartz breccia with Cu sulphide infillMarch 07 2003 composite andesitic wall rock (0.8m) and light-coloured weathered quartz-barite brecciaMarch 07 2003 yellowish to light grey quartz-barite-sulphide hydrothermal breccia, matrix support to hydrofracturedMarch 07 2003 light grey quartz-barite-sulphide hydrothermal breccia, matrix support to hydrofracturedMarch 14 2003 Qz-Ba-Sulp breccia, py 10 % dissm, hydrofractured to fluidized textureMarch 26 2003 argillized (cl-py) to gougy along fault zone

ES LEDGER

DISPATCH DATE DESCRIPTIONMarch 26 2003 moderately weathered, intense sheared & cl-py andesiteMarch 26 2003 qz-barite-sulphide breccia, locally shearedMarch 28 2003 subcrop hydroth bxd andesite w/ gy sil + sulph matrix replacement fract filled ba-qz-sulpMarch 28 2003 hydrothermal bxa w/ clasts of silic andesite and qz-ba replaced frags, loacally argillizedMarch 28 2003 argillic-altered andesite v weak silicifcation along fracturesMarch 28 2003 breccia w/ brecciated ande clasts & silc pyritic matrix + qz-ba-sulp frags on open spacesApril 09 2003 oxd yellowish-red fractured intense qz-cl+sulp altered matrix brecciaApril 09 2003 oxd weathered jarositic cl-qz +sulp altered matrix brecciaMay 05 2003 lt grey to white intense silicified fragmental rock, patchy bxd, sulphides 2%May 05 2003 lt grey to grey intense silicified rk, massive replacement chalcedonic silica, wkly vuggy, sulphides 2%May 05 2003 siliceous breccia, patchy cl-qz-ba fragmentsMay 05 2003 intense-mod alunite-qz-cl altered rk, limonitic all throughoutMay 05 2003 bleached limonitic argillized patchy silicified andesite bxa w/ patchy opaline qz-ba clastsMay 05 2003 hydrothermal qz-ba-sulp bxa, limonitic along fracts, patchy argillized and silicifiedMay 05 2003 hydrobrecciated andesite w/ patchy qz-ba-cl-py, locally argilled and silicifiedMay 05 2003 strongly hematitic hydrothermal breccia, patchy strong silicified, py 2%May 31 2003 Hydrothermal breccia, matrix-supported w/ silic angular clasts, sulphidic chalcedonic matrix w. eng-bor, intense mal-azuMay 31 2003 Hydrothermal breccia, matrix-supported w/ silic angular clasts, sulphidic chalcedonic matrix w. eng-bor, intense mal-azuMay 31 2003 mixed colloform banded quartz vein and hydrothermal breccia, intensely silicified all throughoutMay 31 2003 light gray intense silicified rock w/ minor andesite wallrk, colloform banded + eng-bor, wk vuggy + 5% sulphidesMay 31 2003 intense chalcedonic, massive to colloform banded breccia w/ eng-bor, wk mal stainMay 31 2003 dark gray strong silicified, minor clayey, sulphidic rock, moderately vuggy, py 20-30%June 09 2003 Light gray, mod vuggy qtz-py altered rk, minor xtalline barJune 09 2003 Light gray, mod vuggy qtz-py altered, w/ chalcedony in places, bar in fracsJune 09 2003 Dk gray intense silicified rockJune 09 2003 Intense silicified- sulphidic replacement bxa, malachite stains.June 09 2003 Intense silicified- sulphidic replacement bxa, malachite stains.June 09 2003 Sulphidic, strong silica replaced brecciated andesiteJune 09 2003 Bxa, opalline qtz replacement , sulfides masked by qtz.June 09 2003 Quartz-barite brecxcia, chalcedonic quartz, py 1 vol %June 09 2003 Dark gray sulphidic intense silicified rock, py 15 volume %June 09 2003 Dark gray sulphidic intense silicified rock, py 15 volume %June 09 2003 Cryptoxtalline silica w/ jasper to hematitic shades, xtalline coarse qtz on vugsJune 09 2003 Texturally bxt'd silf'd (opalline qtz rplmt) andesite w/ fn py diss.June 09 2003 Qtz >> clay (alunite) replaced rock w/ fine barite associations in parts.June 09 2003 Qtz- bar ▒ sulfide breccia outcropJune 09 2003 Qtz- bar ▒ sulfide breccia outcropJune 09 2003 Plagiophyric rock, cly- sil- py altered w/ x-crossing fn gr qtz- bar veinlets.June 09 2003 Dk gray sulphidic silica replacement vein, fine sulfides as bands, slightly oxidized.

DISPATCH DATE DESCRIPTIONJune 09 2003 Silicified, qtz- py altered zone w/ localized cly alteration.June 09 2003 ▒ 1 meter wide sil- py replacement vein w/ minimal qtz- bar in localized frac planes.June 09 2003 Argillic cly altered andesiteJune 09 2003 Qtz > clay (alunite) replaced rock w/ fine barite associations in parts.June 09 2003 Clay ▒ sil altered andesite porphyry, wall of the breccia outcrop at Jap tunnelJune 09 2003 Breccia; chalcedonic qtz- sulphide replacement breccia w/ vuggy qtz vnlts.24 June 2003 Quartz-barite breccia24 June 2003 Weathered clayey sulphidic andesite24 June 2003 Pyritic breccia24 June 2003 Breccia with minor bornite24 June 2003 Grey silicified rock24 June 2003 Vuggy quartz-pyrite replacement, py 10 volume %24 June 2003 Intense silica-replaced rock, moderate bor-enargite as irregular clusters24 June 2003 Moderate-intense silica replaced andesite, minor clay24 June 2003 Dark green Clay-Chl-py altered andesite, dissm cpy 2%, minor malachite stain24 June 2003 Light grey vuggy intense silicified rock, py < 1%, chalcedonic qz, minor enargite specks24 June 2003 Gray opaline to chalcedonic silica breccia, wekly vuggy, py 3%, trace enargite specks24 June 2003 Grey intense silicified rock, weak vuggy, py 5 %24 June 2003 Grey intense silicified andesite, weak vuggy, py 5%24 June 2003 Grey very intense silicified andesite, py 8-10 vol %24 June 2003 Quartz-barite breccia, moderate vuggy, minor colloform banding, py < 1%30 June 2003 dk gry qz-sulp bxa replacement, mod vuggy py 10%30 June 2003 lt gry qz-py-bxa replacement py 2%, massive non-vuggy30 June 2003 dk gry qz-sulp bxa, massive replacement, py 2% enar-bor in matrix30 June 2003 gry qz-py bxa, wk vuggy, chalcedonic, enargite specks, minor malachite30 June 2003 vuggy quartz-pyrite, py dissm 5-8%30 June 2003 lt gry cl-qz intense altered rk, nil py, patchy bxa texture30 June 2003 lt gry qz-py + barite altered rk, mod vuggy, py 5%30 June 2003 lt gry intense qz-cl-py altered rk, wk vuggy, massive fine-grnd quartz30 June 2003 dk gry sulphidic silica-replaced, mod vuggy, py 20-30% dissmd30 June 2003 gry intense silicified qz-ba-py rk, wk vuggy, py 10%, minor cl and colloform banding04 July 2003 moderate-intense silica-pyrite replacement vein, grey-light grey colour, py 3%04 July 2003 massive silica-pyrite replacement vein, mottled grey, 10% py, cpy-enar minor malachite04 July 2003 silica-pyrite relacement vein, ribbon sulphidic bands with luz-enar, patchy bxa, late qz vnlts, py 10-15%04 July 2003 intense silica-pyrite replacement vein, grey colour, py <5%, trace enar specks, late qz vnlts04 July 2003 intense silica-pyrite altered andesite, mottled grey, wk vuggy, py 3%04 July 2003 intense silicified andesite with silica-py replacement veins, patchy bxd, enar-luz specks, py 2%04 July 2003 Grey-dark grey green fine-grained diorite?, chl-py altered, cpy-bor dissm and fract fill04 July 2003 Grey-dark grey green fine-grained diorite?, chl-py altered, cpy-bor dissm and fract fill

DISPATCH DATE DESCRIPTION04 July 2003 quartz-sericite-pyrite (QSP) intense altered, light grey-white colour, mod-strong vuggy04 July 2003 Quartz-pyrite-clay (QPC) intense altered, grey colour, patchy limonitic, py 1-5%04 July 2003 Clay-pyrite (CP) altered andesite, massive grey colour, py 5%04 July 2003 Silica-pyrite altered rock, intense, py 10% with sulphidic bands, mod vuggy04 July 2003 silica-pyrite replaced andesite, dark grey, py 5%, wk vuggy05 July 2003 strong sulphidic vuggy gray quartz w/ vnlts of white qz and barite fill10 July 2003 q-alunite- sulfide rplmt matl w/ lenses/ vnlts of white xtaliine q± bar29 Feb 2004 Slightly oxidized andesite cover, brecciated, patchy bleached due to weak clay alteration.29 Feb 200429 Feb 200429 Feb 200429 Feb 2004 Silicified andesite with veins/veinlets of crustiform banded quartz- barite- pyrite vein breccia.29 Feb 2004 Slightly oxidized andesite cover with minor quartz- clay veinlets.10 July 2003 cly- sil- py altd rock w/ lenses of vuggy white qtz, rare py10 July 2003 qtz- cly- py rplmt zone; py(1-5%) diss, qtz mtx rplmt, oxidized15 July 2003 quartz-barite breccia15 July 2003 quartz-barite breccia15 July 2003 quartz-barite breccia15 July 2003 quartz-barite breccia (Adit 1)15 July 2003 sulphidic gray quartz-pyrite vein halo (Adit 1)

Appendix 1B

Float Samples Ledger

SAMPLE EAST NORTH GOLD, g/t SILVER, g/t COPPER, % LOCATION SAMPLESPATCH NDISPATCH DATE57702 311122 1510040 1 218 3 Camo 2 NR 2002-01 July 2 200257703 311059 1510940 0 1792 9 Far Northeast NR 2002-01 July 2 200257705 310238 1512108 0 5 0 Nagtoctoc Creek NR 2002-01 July 2 200257706 310385 1511837 0 0 0 Nagtoctoc NR 2002-01 July 2 200257707 310521 1511742 0 22 0 Nagtoctoc NR 2002-01 July 2 200257708 310313 1509443 22 1 0 SWB Dita NR 2002-01 July 2 200257709 310317 1509442 0 2 0 SWB trail near Dita Ck NR 2002-01 July 2 200257710 310320 1509446 0 26 0 SWB Dita NR 2002-01 July 2 200257711 310406 1509486 0 22 0 SWB Dita NR 2002-01 July 2 200257712 310620 1509653 0 5 0 Acacia trail NR 2002-01 July 2 200257713 309568 1510012 0 6 0 Bukal NR 2002-01 July 2 200257714 309980 1510122 0 1 0 Bukal NR 2002-01 July 2 200257715 310054 1510220 0 0 0 Bukal NR 2002-01 July 2 200257717 310494 1510467 0 672 22 Sampson vein - mine dump NR 2002-01 July 2 200257718 310617 1510508 3 114 2 Sampson vein - Adit 3 oc NR 2002-01 July 2 200257720 310501 1510463 3 30 3 Sampson vein - mine dump NR 2002-01 July 2 200257721 310477 1510450 0 146 1 Sampson vein - mine dump NR 2002-01 July 2 200257722 310398 1510439 0 790 5 Sampson West Drift wastedump NR 2002-01 July 2 200257723 310502 1511431 0 11 0 Balisong vein NR 2002-01 July 2 200257631 311182 1510217 0 0 0 Binong NR 2003-01 January 24 200357632 311017 1510995 0 0 0 FNE NR 2003-01 January 24 200357633 310236 1509406 9 0 1 SWB NR 2003-01 January 24 200357634 310220 1509423 2 0 0 SWB NR 2003-01 January 24 200357626 311219 1510093 0 2 0 Binong NR 2003-02 February 3 200357627 311236 1510093 0 3 0 Binong NR 2003-02 February 3 200357637 311293 1510207 0 11 0 Binong NR 2003-02 February 3 200357638 311374 1510119 0 5 0 Binong NR 2003-02 February 3 200357651 310319 1509439 0 2 0 SWB NR 2003-02 February 3 200357652 310321 1509439 0 2 0 SWB NR 2003-02 February 3 200357653 310359 1509454 8 2 0 SWB NR 2003-02 February 3 200357655 310366 1509459 0 13 0 SWB NR 2003-02 February 3 200357658 311122 1510085 0 171 1 Camo NR 2003-02 February 3 200357668 310769 1509683 0 11 0 Acacia NR 2003-03 February 19 200357669 310781 1509686 0 7 0 Acacia NR 2003-03 February 19 200357671 310803 1509696 0 12 0 Acacia NR 2003-03 February 19 200357679 310147 1509382 3 68 0 SWB NR 2003-04 March 07 200357680 310095 1509356 0 4 0 SWB NR 2003-04 March 07 2003

FLOAT SAMPLES L

SAMPLE EAST NORTH GOLD, g/t SILVER, g/t COPPER, % LOCATION SAMPLESPATCH NDISPATCH DATE57681 309961 1508501 0 1 0 Bahayan FS 2003-04 March 07 200357683 310677 1509674 0 38 0 Acacia NR 2003-05 March 14 200357684 310625 1509521 0 12 0 Acacia BLO 2003-06 March 26 200357685 310057 1509353 0 4 0 SW Extension BLO 2003-06 March 26 200357687 310748 1509465 0 3 0 Acacia BLO 2003-06 March 26 200357696 310878 1509746 0 0 0 East Ridge NR 2003-08 April 09 200357697 310992 1509816 0 19 0 East Ridge NR 2003-08 April 09 200357698 310898 1509756 0 80 0 East Ridge NR 2003-08 April 09 200357699 310952 1509794 0 0 0 East Ridge NR 2003-08 April 09 200357700 310231 1509376 0 0 0 SWB BLO 2003-08 April 09 200357278 310725 1509716 0 30 0 J-Hill NR 2003-12 May 05 200357279 310738 1509720 0 9 0 J-Hill NR 2003-12 May 05 200357280 310747 1509713 0 25 0 J-Hill NR 2003-12 May 05 200357281 310760 1509721 0 16 0 J-Hill NR 2003-12 May 05 200357288 309829 1509134 0 3 0 SW Extension BLO 2003-14 May 10 200357289 309793 1509083 0 0 0 SW Extension BLO 2003-14 May 10 200357290 310937 1510916 0 6 0 FNE BLO 2003-14 May 10 200357291 310874 1510876 0 0 0 FNE BLO 2003-14 May 10 200357292 311146 1510131 1 99 4 Camo BLO 2003-14 May 10 200357257 310283 1510879 0 20 0 Calumpang NR 2003-20 June 09 2003

7206 309507 1510803 0 1 0 Pica NR / P 2003-25 30 June 20037207 309272 1510856 0 1 0 Pica NR / P 2003-25 30 June 20037208 309236 1510830 0 3 0 Pica NR / P 2003-25 30 June 20037209 309203 1510857 0 3 0 Pica NR / P 2003-25 30 June 20037211 309121 1510504 0 2 0 Pica NR / P 2003-25 30 June 20037212 309091 1510471 0 11 0 Pica NR / P 2003-25 30 June 20037213 309153 1510416 0 1 0 Pica NR / P 2003-25 30 June 20037215 309734 1510774 0 5 0 Pica NR / P 2003-25 30 June 20037216 309822 1510749 0 2 0 Pica NR / P 2003-25 30 June 20037217 310053 1510151 0 5 0 Bukal NR / P 2003-25 30 June 20037218 309644 1510735 0 1 0 Bukal NR / P 2003-25 30 June 20037219 309980 1510565 0 1 0 Bukal NR / P 2003-25 30 June 20037220 309789 1510527 0 2 0 Bukal NR / P 2003-25 30 June 20037249 305272 1514296 0 1 0 Biga-a NR 2003-26 04 July 20037250 305310 1514285 0 1 0 Biga-a NR 2003-26 04 July 20037222 305398 1514312 0 3 0 Biga-a NR 2003-26 04 July 20037223 305856 1514837 0 1 0 Biga-a NR 2003-26 04 July 20037224 310500 1509539 0 7 0 Dita-Acacia BLO 2003-26 04 July 20037225 310564 1509516 0 12 0 Dita-Acacia BLO 2003-26 04 July 2003

SAMPLE EAST NORTH GOLD, g/t SILVER, g/t COPPER, % LOCATION SAMPLESPATCH NDISPATCH DATE58801 310191 1511034 0 0 0 Pica NR / P 2003-26 04 July 200358803 309792 1511011 0 1 0 Pica NR / P 2003-26 04 July 200358804 309594 1511096 0 40 0 Pica NR / P 2003-26 04 July 200358805 309572 1511027 0 3 0 Pica NR / P 2003-26 04 July 200358806 310053 1511020 0 6 0 Pica NR / P 2003-26 04 July 200358807 310543 1509631 0 0 0 SWB BLO 2003-27 05 July 200358808 310649 1509560 1 0 0 SWB BLO 2003-27 05 July 200358810 309010 1510230 0 0 0 Camp Zone EA 2003-28 10 July 200358830 310661 1510575 0.005 14.0 0.022 Sampsom FTL 03-381 07 July 200357297 310764 1510631 0.005 6.0 0.002 Sampsom FTL 03-381 23 July 200358826 310566 1510535 0.055 3.70 0.004 Sampsom FTL 03-381 07 July 2003

DESCRIPTIONQz-ba-sulph vein, crustiform-colloform banded, mod mal-azuQz-ba-sulph vein, crustiform-colloform banded, mod mal-azuQz?clay-py breccia, minor qz veined"sheeted" qz veinlets in wk-mod silicified pyroclastics, late x-cutting breccia veinletmassive chalcedonic qz, silica-replaced pyroclastics, 10% dissm py, wk vuggygrey chalcedonic quartz, vuggy intense silica-altered brecciad grey-grey banded qz-sulp vein, dissm py 10 %grey qz-py vein/ replacement?, dissm py 5 %d grey qz-py replacement vein, dissm py 10 %colloform banded grey qz-sulp (py,cpy,eng) veinqz-clay?sulp vein bxa, py < 5 %, minor barite, qz-sulp collorm bandedmassive silicified rock, microcrystalline-sugary qz, minor vuggy, dissm py 3 %, py veinletsvuggy qz-py, dissm py 15 %, intense vuggy, drusy med-grained qzmassive copper?iron sulphide (enargite, luzonite, chalcopyrite, bornite,covellite) vein brecciacrustiform-colloform banded qz-ba-sulp vein, trace copper oxidevuggy qz-bar-sulp, grey to dark grey, py < 50%qz-bar-sul breccia, py < 30%crustiform-colloform banded qz-ba-sulp vein, trace copper oxideqz?bar breccia, crustiform cockade texture, minor enargitedark grey intense silica-pyrite altered rock, mod vuggy, minor fine dissm sulph; very fine-gr silicaaltered andesite; wk malachite-stained, minor dissm bor-cpy, dissm py 5 vol %, mod chl-cl-qz alteredhydrothermal "jigsaw" breccia, mod qz-py+/-cl alt, bor-cpy fract fill, wk vuggy 10 % dissm py, mal staineddark grey silicified hydrothermal breccia, mod vuggy, late qz vnlt, 30 vol % dissm pyjasper subcrop, hematitic red hackly fractured, fine-gr silica cut irreg vug qz vnltsreddish fine-gr intense vuggy silicified/jasper breccia, cockade texturemottled grey-dk grey pyritic silicified breccialight grey cl-py-qz altered andesitehydrothermal breccia, weathered, mod cl-py-qz altered, argillized matrixvuggy qz+/- py chalcedonic breccia, intense vug, drusy qz, locally reddish jasperhydrothermal breccia, sheared texture, light grey, dissm py 10 vol%, minor enr-borhydrothermal breccia, dissm py 5 vol%, minor enr-bor, late qz veinsgrey intense silicified rock, wk vuggy, dissm cpy-gal, chalcedonic to fine-gr crystalline qzmottled light grey ba-qz-sulp altered andesite breccia, replacement text, minor eng-bor infill, trace mal stainmotlled qz-ba-sulp breccia, mod vuggy, eng-bor infill, trace mal-azu stain, relict andesite textqz-sulp +/- ba vein material, mod-wk vuggy, infill cpy-bor +/- eng, with silicified andesitic wallrocklight grey intense siliceous sulphidic hydrothermal brecciadark grey intense quartz-pyrite, moderately vuggy hydrothermal breccia

LEDGER

DESCRIPTIONdark grey-black manganese-quartz-sulphide brecciadark grey intense quartz-pyrite-clay, weak vuggymassive quartz + enargite replacement w/ barite open-space fill, minor Fe oxide in fractshydrofractured breccia w/ dk grey matrix, qz-sulp +/- eng, bar as open-space fillcryptoxtalline silica cap residual boulder w/ fine xtalline dissm pyIntense qz +/- cl+/-py altered tuff, irregular opaque veinlets, minor dissm opaquespyritic intense silica-replaced rock (tuff?), fine-gr py 20%"silica cap" breccia, light coloured wkly vuggy, patchy qz-cl, py 2%, trace malachite stainlight pinkish brwn mod-int qz-chl-py-cl alt andesite?, wk vuggy, wk magtc, lim stainedintense silica-replaced rk, ba in vugs, py 10%, Cu sulph infill and microvnltsgrey intense silicified rock, mod vuggy, dissm py 5%, cpy 1%, late x-cutting qz vnltsLt grey intense silicified, wkly vuggy fragmental rock (tuff?), py 5%, cpy 1% dissm and in vugsgrey intense silicified rock, wk vuggy, py 1%, trace cpy in vugsGrey vuggy patchy bxd intense silicified rk, py 3% dissm, 1% cpyQtz replaced limestone, hematitic, vugs lined/grown- on by xtalline quartzJasperiod/ hematitic, rockmass replaced by quartz, qtz as vnlts, cavity fillsQtz- bar? sulphide replacement bxa from bxa boulders/subcrop?;Polymictic bxa; sulphidic clasts set in qtz matrix, hematiticBanded qtz- bar- enargite- sulphide veinSilicified Bxa, py 10%, gray colorlt gry qz-cl bxa, kaol-alun in matrix, angular silicified clasts, nil pyqz-bar-cl intense altered rk, wk vuggy, nil pygrey vuggy silica, disseminated py 10%grey vuggy quartz-barite rk, py 5%lt gry cl-qz intense altered rk, nil py, patchy bxa texturelt gry qz-py + barite altered rk, mod vuggy, py 5%lt gry intense qz-cl-py altered rk, wk vuggy, massive fine-grnd quartzdk gry-blk qz-sulphide vein, py 5%, minor malachite stainlt gry qz-bar bxa, mod vuggy, py <1%, colloform bandedlt gry intense silicified rk, wk vuggy, py 10%dk gry qz-py-cl, mod-intense altered andesite,py 10%lt gry silicified andesite, wk vuggy, dissm py 15%mottled gry, intense silicified rk, chalcedonic qz, mod vuggyQuartz-pyrite-clay altered diorite?, coarse-grnd py 10-20%Grey mag-qz-cpy-bor veined/ fract fill microdiorite ?Grey mag-qz-cpy-bor stkwk veined microdiorite?, trace mal staindark grey intense silicified pyritic (fine-grained, 20-30% py), hackly fracturedQuartz-barite brecciaSulphidic quartz-barite replacement, trace cpy

DESCRIPTIONintense silicified rock, dark grey, py 2%, wk vuggyGrey quartz-barite-pyrite, strong vuggy, patchy bxa textureCrustiform-colloform banded quartz-barite-sulphide, grey-white colourVuggy silicified rock, grey colour, chalcedonic qz, py nilintense silicified rock, dark grey colour, wk vuggy, py 2%silica replaced rock, huge bouldervuggy milky white to gray sulphidic gray quartz with bands of sulphides (enar-bor?)q-bar-py alt'd rock, vuggy, lt gry w/ 5-10% pyq-bar-py alt'd rock, vuggyq-bar-py breccia rockq-bar-py alt'd rock, vuggy, minimal py, gray quartz

81

APPENDIX 2

LOBO GROUND MAGNETIC DATA

Date: Sat, 17 Jan 2004 16:07:56 -0700 From: Phil Robertshaw <[email protected]> Subject: RE: Lobo mag data To: 'Tony Climie' <[email protected]> Organization: Exploration GIS X-Mailer: Microsoft Outlook, Build 10.0.2627 Importance: Normal X-Note: incoming, from [email protected] to [email protected], 01/17/2004 14:05:12 PT, Db18800fa00d06e3c.SMD, 0u, IPNOTINMX X-RCPT-TO: <[email protected]> Tony: Here are the results of what I have accomplished to date. The stacked profiles of ground mag and topography are contained in 2 figures. I have also contoured the corrected mag dataand elevation values. I am including a model section (line 10000 N) which contains a very prominent (1000 nT) mag low. Magnetic intrusives should show up as mag lows (except near the ends). The best looking candidate is the mag low trend between lines 9800 N and 10200 N at around 9500 E. This body could be about 600 m x 150 m in size, and it would seem to be overlain in part by limestone and Quaternary agglomerate. The depth seems to be less than 100 m (typically 60 m to 70 m) in the models, and it may plunge towards the NE. The models indicate magnetite content in the range of 3% +, which should be noticeable. There are 19 zones (a listing is attached) where the irregular mag profiles could be caused by magnetite-rich alteration. Some may be caused by fresh volcanics for example the 3 features on line 11400 N. The alteration zonesin the south half of the grid, particularly those flanking the intrusive, could be more prospective. Hope this helps Phil _______________________________________________ Robertshaw Geophysics Ltd. Phone: (306) 374-3282 111 Middleton Crescent Fax: (306) 373-3135

Saskatoon, SK S7J 2W5 email: <mailto:[email protected]>[email protected] CANADA www.explorationGIS.com

EAST NORTH EAST_G NORTH_G ELEV MAG1 MAGFin309795.1508 1509752.3040 9462.5 9800 163.4 41502 41574309601.5687 1510028.7680 9125 9800 73.3 41239 41267310087.2471 1509683.9890 9687.5 10000 208.3 41298.76 41290.11310431.0757 1509541.4170 10000 10200 142 40944.42 40953.2310158.6269 1509930.5140 9525 10200 178.6 40933.34 40952.25309936.3660 1510247.9360 9137.5 10200 151.9 41839.77 41859.59310580.3844 1509676.4840 9987.5 10400 180.4 41577.71 41584.81310143.0324 1510301.0870 9262.5 10400 155.7 40961.68 40969.15310779.9710 1509739.9370 10037.5 10600 233.5 40926.36 40958.44310335.4492 1510374.7800 9262.5 10600 156.4 41165.67 41215.91310707.3417 1510192.2850 9625 10800 195.3 41614.89 41661.58310528.0991 1510448.2700 9312.5 10800 207.4 41619.87 41682.31310449.2323 1510560.9030 9175 10800 213.8 41087.59 41151.04310870.9088 1510307.1820 9625 11000 213.9 41171.39 41213.06310770.5330 1510450.5340 9450 11000 282.2 40542.11 40611.46311134.9742 1510278.8410 9800 11200 220.7 39980.32 39993.21311234.6179 1510485.5550 9687.5 11400 321 41043.26 41075.07311055.3753 1510741.5400 9375 11400 358 41609.5 41634.29310954.9994 1510884.8920 9200 11400 277.8 41398.98 41427.32

GROUND MAG DATA

EAST NORTH EAST NORTH ELEV MAG readingMAG reading

corrected

309939.5 1509197 10000.0 9600 179.1 40308 40362309932.4 1509207 9987.5 9600 179.1 40331 40386309925.2 1509218 9975.0 9600 179.1 40360 40416

309918 1509228 9962.5 9600 171.1 40389 40444309910.9 1509238 9950.0 9600 173.9 40396 40454309903.7 1509248 9937.5 9600 176.7 40406 40464309896.5 1509259 9925.0 9600 176.0 40399 40457309889.4 1509269 9912.5 9600 175.4 40379 40438309882.2 1509279 9900.0 9600 173.0 40393 40452

309875 1509289 9887.5 9600 156.6 40413 40470309867.8 1509300 9875.0 9600 151.4 40379 40437309860.7 1509310 9862.5 9600 146.2 40446 40503309853.5 1509320 9850.0 9600 137.5 40495 40553309846.3 1509330 9837.5 9600 125.1 40537 40594309839.2 1509341 9825.0 9600 122.1 40470 40527

309832 1509351 9812.5 9600 103.9 40181 40240309824.8 1509361 9800.0 9600 100.7 40659 40719309817.7 1509371 9787.5 9600 97.5 40882 40940309810.5 1509382 9775.0 9600 87.4 40732 40791309803.3 1509392 9762.5 9600 77.2 40690 40749309796.1 1509402 9750.0 9600 76.2 40691 40748

309789 1509412 9737.5 9600 75.2 40671 40729309781.8 1509423 9725.0 9600 74.5 40656 40714309774.6 1509433 9712.5 9600 77.6 40651 40710309767.5 1509443 9700.0 9600 78.5 40623 40681309760.3 1509453 9687.5 9600 79.3 40631 40690309753.1 1509463 9675.0 9600 83.2 40585 40645

309746 1509474 9662.5 9600 90.1 40568 40627309738.8 1509484 9650.0 9600 94.9 40563 40623309731.6 1509494 9637.5 9600 99.6 40512 40571309724.5 1509504 9625.0 9600 103.5 40380 40439309717.3 1509515 9612.5 9600 104.3 40354 40412309710.1 1509525 9600.0 9600 112.4 40343 40401309702.9 1509535 9587.5 9600 117.4 40389 40447309695.8 1509545 9575.0 9600 124.6 40433 40491309688.6 1509556 9562.5 9600 136.0 40471 40529309681.4 1509566 9550.0 9600 140.7 40515 40573309674.3 1509576 9537.5 9600 150.8 40523 40580309667.1 1509586 9525.0 9600 153.7 40527 40584309659.9 1509597 9512.5 9600 154.2 40427 40484309652.8 1509607 9500.0 9600 149.1 40385 40443309645.6 1509617 9487.5 9600 133.0 40470 40529309638.4 1509627 9475.0 9600 129.8 40508 40567309631.2 1509638 9462.5 9600 120.5 40497 40556309624.1 1509648 9450.0 9600 112.9 40546 40605309616.9 1509658 9437.5 9600 105.2 40583 40641309609.7 1509668 9425.0 9600 99.0 40587 40645309602.6 1509678 9412.5 9600 92.0 40592 40649309595.4 1509689 9400.0 9600 87.4 40577 40634309588.2 1509699 9387.5 9600 94.3 40556 40613309581.1 1509709 9375.0 9600 98.6 40546 40603309573.9 1509719 9362.5 9600 110.9 40547 40603

McPhar MAG survey reading

LOCAL GRID COORDINATES

UTM COORDINATES

309566.7 1509730 9350.0 9600 113.0 40521 40578309559.5 1509740 9337.5 9600 112.5 40510 40567309552.4 1509750 9325.0 9600 108.5 40514 40571309545.2 1509760 9312.5 9600 101.2 40482 40539

309538 1509771 9300.0 9600 95.1 40472 40529309530.9 1509781 9287.5 9600 83.2 40555 40613309523.7 1509791 9275.0 9600 80.5 40555 40612309516.5 1509801 9262.5 9600 75.5 40573 40630309509.4 1509812 9250.0 9600 72.1 40598 40654309502.2 1509822 9237.5 9600 68.6 40607 40662

309495 1509832 9225.0 9600 77.8 40582 40636309487.9 1509842 9212.5 9600 81.5 40559 40613309480.7 1509853 9200.0 9600 86.0 40567 40620309473.5 1509863 9187.5 9600 90.4 40549 40603309466.3 1509873 9175.0 9600 92.2 40520 40575309459.2 1509883 9162.5 9600 95.0 40456 40510

309452 1509894 9150.0 9600 93.7 40460 40513309444.8 1509904 9137.5 9600 88.7 40436 40489309437.7 1509914 9125.0 9600 83.1 40615 40668309430.5 1509924 9112.5 9600 77.5 40666 40721309423.3 1509934 9100.0 9600 75.3 40767 40824309416.2 1509945 9087.5 9600 71.7 40705 40761

309409 1509955 9075.0 9600 66.1 40745 40801309401.8 1509965 9062.5 9600 61.7 40690 40747309394.6 1509975 9050.0 9600 43.3 40719 40777309387.5 1509986 9037.5 9600 24.9 40536 40595310103.4 1509312 10000 9800 124.0 40464 40528310096.3 1509322 9987.5 9800 117.5 40540 40603310089.1 1509332 9975 9800 112.5 40633 40696310081.9 1509343 9962.5 9800 111.6 40578 40640310074.8 1509353 9950 9800 111.6 40624 40687310067.6 1509363 9937.5 9800 108.3 40649 40712310060.4 1509373 9925 9800 106.3 40685 40748310053.3 1509384 9912.5 9800 106.1 40566 40629310046.1 1509394 9900 9800 102.2 40600 40663310038.9 1509404 9887.5 9800 98.4 40737 40800310031.8 1509414 9875 9800 96.4 40755 40818310024.6 1509425 9862.5 9800 102.0 40816 40879310017.4 1509435 9850 9800 106.0 40796 40859310010.2 1509445 9837.5 9800 111.7 40817 40880310003.1 1509455 9825 9800 117.7 40742 40806309995.9 1509466 9812.5 9800 121.4 40707 40770309988.7 1509476 9800 9800 129.4 40712 40776309981.6 1509486 9787.5 9800 125.4 40720 40784309974.4 1509496 9775 9800 134.5 40701 40765309967.2 1509507 9762.5 9800 139.0 40654 40718309960.1 1509517 9750 9800 141.5 40651 40714309952.9 1509527 9737.5 9800 147.5 40685 40748309945.7 1509537 9725 9800 154.2 40718 40780309938.5 1509548 9712.5 9800 161.0 40705 40767309931.4 1509558 9700 9800 167.0 40754 40816309924.2 1509568 9687.5 9800 173.9 40783 40846

309917 1509578 9675 9800 182.6 40762 40824309909.9 1509588 9662.5 9800 191.3 40743 40802309902.7 1509599 9650 9800 197.4 40720 40778

309895.5 1509609 9637.5 9800 204.6 40731 40788309888.4 1509619 9625 9800 215.8 40747 40804309881.2 1509629 9612.5 9800 230.0 40713 40770

309874 1509640 9600 9800 227.6 40658 40714309866.8 1509650 9587.5 9800 227.6 40674 40730309859.7 1509660 9575 9800 227.2 40666 40721309852.5 1509670 9562.5 9800 224.6 40638 40694309845.3 1509681 9550 9800 220.9 40648 40704309838.2 1509691 9537.5 9800 215.1 40638 40699

309831 1509701 9525 9800 198.8 40777 40842309823.8 1509711 9512.5 9800 197.1 40833 40898309816.7 1509722 9500 9800 178.2 40949 41014309809.5 1509732 9487.5 9800 172.2 41086 41152309802.3 1509742 9475 9800 165.4 41350 41422309795.2 1509752 9462.5 9800 163.4 41502 41574

309788 1509763 9450 9800 162.8 41109 41181309780.8 1509773 9437.5 9800 169.5 41063 41136309773.6 1509783 9425 9800 175.5 40129 40202309766.5 1509793 9412.5 9800 176.8 40229 40255309759.3 1509804 9400.0 9800 177.3 40091 40116309752.1 1509814 9387.5 9800 183.0 40279 40305

309745 1509824 9375.0 9800 181.9 40310 40337309737.8 1509834 9362.5 9800 179.3 40216 40244309730.6 1509844 9350.0 9800 175.5 40378 40407309723.5 1509855 9337.5 9800 173.4 39890 39920309716.3 1509865 9325.0 9800 174.1 40006 40036309709.1 1509875 9312.5 9800 170.3 39950 39981309701.9 1509885 9300.0 9800 164.8 40024 40057309694.8 1509896 9287.5 9800 159.1 40118 40151309687.6 1509906 9275.0 9800 157.2 40163 40196309680.4 1509916 9262.5 9800 152.7 40119 40151309673.3 1509926 9250.0 9800 148.7 40339 40370309666.1 1509937 9237.5 9800 141.8 40412 40443309658.9 1509947 9225.0 9800 133.6 40569 40600309651.8 1509957 9212.5 9800 126.5 40585 40615309644.6 1509967 9200.0 9800 119.2 40502 40531309637.4 1509978 9187.5 9800 114.0 40575 40603309630.2 1509988 9175.0 9800 107.7 40470 40497309623.1 1509998 9162.5 9800 99.9 40503 40530309615.9 1510008 9150.0 9800 88.5 40779 40807309608.7 1510019 9137.5 9800 80.2 41157 41184309601.6 1510029 9125.0 9800 73.3 41239 41267309594.4 1510039 9112.5 9800 72.3 41137 41164309587.2 1510049 9100.0 9800 73.3 40981 41011309580.1 1510059 9087.5 9800 74.2 40959 40990309572.9 1510070 9075.0 9800 75.8 40866 40899309565.7 1510080 9062.5 9800 77.3 40813 40847309558.6 1510090 9050.0 9800 80.3 40765 40800309551.4 1510100 9037.5 9800 84.3 40746 40782309544.2 1510111 9025.0 9800 89.4 40749 40787

309537 1510121 9012.5 9800 93.5 40745 40784309529.9 1510131 9000.0 9800 97.5 40738 40778309522.7 1510141 8987.5 9800 99.4 40723 40763309515.5 1510152 8975.0 9800 99.4 40730 40772309508.4 1510162 8962.5 9800 100.0 40761 40803

309501.2 1510172 8950.0 9800 99.4 40822 40865309494 1510182 8937.5 9800 100.9 40871 40915

309486.9 1510193 8925.0 9800 109.5 40808 40853309479.7 1510203 8912.5 9800 111.1 40772 40817309472.5 1510213 8900.0 9800 119.1 40753 40798309465.3 1510223 8887.5 9800 127.0 40742 40788309458.2 1510234 8875.0 9800 131.5 40738 40784

309451 1510244 8862.5 9800 138.8 40755 40798309443.8 1510254 8850.0 9800 147.8 40771 40812309436.7 1510264 8837.5 9800 156.8 40775 40815309429.5 1510275 8825.0 9800 168.6 40759 40797309422.3 1510285 8812.5 9800 174.9 40755 40791309415.2 1510295 8800.0 9800 187.2 40744 40778

309408 1510305 8787.5 9800 200.8 40734 40765309400.8 1510315 8775.0 9800 205.6 40709 40741309393.6 1510326 8762.5 9800 211.2 40693 40724309386.5 1510336 8750.0 9800 214.6 40677 40708309379.3 1510346 8737.5 9800 218.0 40667 40701309372.1 1510356 8725.0 9800 219.1 40638 40672

309365 1510367 8712.5 9800 228.4 40631 40663309357.8 1510377 8700.0 9800 228.9 40627 40657310267.4 1509427 10000 10000 137.1 40665.28 40668.39310260.2 1509437 9987.5 10000 133.3 40516.07 40519.67

310253 1509447 9975 10000 129.3 40497.69 40501.66310245.8 1509457 9962.5 10000 125.3 40779.83 40784.42310238.7 1509468 9950 10000 121.3 40559.35 40564.54310231.5 1509478 9937.5 10000 117.3 40593.59 40597.74310224.3 1509488 9925 10000 115.9 40713.04 40716.68310217.2 1509498 9912.5 10000 115.9 40827.37 40830.66310202.8 1509519 9900 10000 115.9 40744.34 40746.45310195.7 1509529 9887.5 10000 132.5 40788.28 40827.52310188.5 1509539 9875 10000 134.5 40668.05 40703.11310181.3 1509550 9862.5 10000 137.6 40693.61 40728.7310174.1 1509560 9850 10000 142.6 40679.49 40715.16

310167 1509570 9837.5 10000 147.7 40750.78 40786.39310159.8 1509580 9825 10000 151.8 40627.55 40663.61310152.6 1509591 9812.5 10000 155.3 40760.67 40796.6310145.5 1509601 9800 10000 158.1 40771.56 40807.6310138.3 1509611 9787.5 10000 160.7 40760.72 40796.32310131.1 1509621 9775 10000 166.9 40734.02 40769.81

310124 1509632 9762.5 10000 173.0 40742.59 40778.86310116.8 1509642 9750 10000 178.0 40909.13 40945.72310109.6 1509652 9737.5 10000 183.0 40867.17 40903.69310102.4 1509662 9725 10000 189.7 40637.52 40673.41310095.3 1509673 9712 10000 196.3 40904.36 40940.25310088.1 1509683 9700 10000 203.0 41124.37 41117.44310087.2 1509684 9687.5 10000 208.3 41298.76 41290.11310080.1 1509694 9675 10000 217.5 41046.56 41037.28310072.9 1509704 9662.5 10000 224.5 40988.57 40979.1310065.7 1509715 9650 10000 233.8 40913.02 40904.98310058.6 1509725 9637.5 10000 240.9 40859.79 40853.74310051.4 1509735 9625 10000 245.4 40796.53 40792.27310044.2 1509745 9612.5 10000 247.8 40792.2 40789.15310037.1 1509756 9600 10000 251.4 40731.86 40729.5310029.9 1509766 9587.5 10000 261.3 40525.35 40521.63

310022.7 1509776 9575 10000 264.9 40399.17 40394.91310015.6 1509786 9562.5 10000 263.1 40329.8 40325.19310008.4 1509797 9550 10000 261.7 40196.16 40191.08310001.2 1509807 9537.5 10000 255.6 40087.94 40082.11

309994 1509817 9525 10000 249.2 40056.38 40050.25309986.9 1509827 9512.5 10000 237.7 39957.34 39948.73309979.7 1509838 9500 10000 231.4 39890.72 39880.52309972.5 1509848 9487.5 10000 225.6 39923.16 39910.94309965.4 1509858 9475 10000 220.0 40013.45 39999.92309958.2 1509868 9462.5 10000 216.5 40149.65 40135.76

309951 1509879 9450 10000 214.2 40142.17 40128.65309943.9 1509889 9437.5 10000 211.1 40147.65 40133.83309936.7 1509899 9425 10000 200.2 40229.32 40216.01309929.5 1509909 9412.5 10000 192.5 40275.49 40263.17309922.3 1509919 9400 10000 186.5 40382.6 40370.56309915.2 1509930 9387.5 10000 179.6 40467.88 40455.03

309908 1509940 9375 10000 170.9 40587.92 40575.8309900.8 1509950 9362.5 10000 163.3 40522.46 40512.78309893.7 1509960 9350 10000 154.7 40640.78 40632.45309886.5 1509971 9337.5 10000 143.6 40584.27 40578.08309879.3 1509981 9325 10000 127.6 40767.85 40762.15309872.2 1509991 9312.5 10000 119.9 40915.18 40908.73

309865 1510001 9300 10000 111.1 40706.3 40700.55309857.8 1510012 9287.5 10000 115.5 40754.38 40746.58309850.6 1510022 9275 10000 110.2 40985.55 40977.66309843.5 1510032 9262.5 10000 103.4 41061.01 41053.28309836.3 1510042 9250 10000 95.7 41016.15 41008.31309829.1 1510053 9237.5 10000 88.7 40974.97 40967.29

309822 1510063 9225 10000 82.4 41020.49 41011.88309814.8 1510073 9212.5 10000 76.0 40998.09 40989.3309807.6 1510083 9200 10000 78.8 41017.26 41008.68309800.5 1510094 9187.5 10000 77.6 40994.77 40986.01309793.3 1510104 9175 10000 76.7 40874.06 40864.92309786.1 1510114 9162.5 10000 74.7 40692.69 40684.66309778.9 1510124 9150 10000 72.7 40856.12 40847.77309771.8 1510135 9137.5 10000 70.7 41157.82 41146.09309764.6 1510145 9125 10000 67.3 41250.06 41235.29309757.4 1510155 9112.5 10000 68.4 41240.31 41221.88309750.3 1510165 9100 10000 70.9 41194.67 41173.81309743.1 1510175 9087.5 10000 74.4 41136.4 41112.08309735.9 1510186 9075 10000 76.3 41125.6 41100309728.8 1510196 9062.5 10000 79.7 41078.93 41054.98309721.6 1510206 9050 10000 78.3 41100.31 41079.76309714.4 1510216 9037.5 10000 80.1 41073.39 41057.35309707.3 1510227 9025 10000 78.0 41090.18 41075.96309700.1 1510237 9012.5 10000 81.1 41025.44 41012.99309692.9 1510247 9000 10000 81.2 41075.1 41063.59309685.7 1510257 8987.5 10000 83.9 40984.15 40973.67309678.6 1510268 8975 10000 88.3 40832.85 40821.46309671.4 1510278 8962.5 10000 95.6 40750.79 40800.84309664.2 1510288 8950 10000 100.2 40745.29 40795.52309657.1 1510298 8937.5 10000 108.7 40736.34 40786.11309649.9 1510309 8925 10000 112.6 40726.52 40776.5309642.7 1510319 8912.5 10000 116.6 40697.13 40747.46309635.6 1510329 8900 10000 121.2 40661.96 40712.69

309628.4 1510339 8887.5 10000 124.9 40641.13 40692.46309621.2 1510350 8875 10000 131.9 40641.46 40693.43

309614 1510360 8862.5 10000 140.3 40645.19 40697.16309606.9 1510370 8850 10000 142.3 40655.85 40707.89309599.7 1510380 8837.5 10000 145.1 40663.02 40714.68309592.5 1510391 8825 10000 150.4 40671.44 40723.6309585.4 1510401 8812.5 10000 150.7 40683 40735.58309578.2 1510411 8800 10000 152.9 40671.96 40724.89

309571 1510421 8787.5 10000 154.7 40730.54 40782.62309563.9 1510431 8775 10000 160.1 40762.88 40814.86309556.7 1510442 8762.5 10000 165.8 40826.3 40878.16309549.5 1510452 8750 10000 172.9 40686.94 40739.25309542.3 1510462 8737.5 10000 189.1 40633.57 40687.33309535.2 1510472 8725 10000 196.6 40665.99 40721.82

309528 1510483 8712.5 10000 200.9 40654.41 40711.39309520.8 1510493 8700 10000 201.7 40642.88 40700.43309513.7 1510503 8687.5 10000 199.8 40643.6 40701.19309506.5 1510513 8675 10000 201.6 40620.49 40677.33310349.2 1509484 10000 10100 142.8 40735.57 40761.11

310342 1509494 9987.5 10100 142.8 40555.88 40581.15310334.8 1509505 9975 10100 126.7 40792.5 40818.51310327.7 1509515 9962.5 10100 126.7 40932.39 40958.32310320.5 1509525 9950 10100 126.7 41071.72 41097.81310313.3 1509535 9937.5 10100 126.7 40716.41 40741.07310306.2 1509546 9925 10100 126.7 40664.37 40688.92

310299 1509556 9912.5 10100 130.9 40641.91 40666.73310291.8 1509566 9900 10100 134.9 40886.53 40912.05310284.6 1509576 9887.5 10100 134.9 40801.98 40828.02310277.5 1509586 9875 10100 134.9 40862.02 40888.41310270.3 1509597 9862.5 10100 138.9 40748.02 40774.9310263.1 1509607 9850 10100 142.9 40467.91 40495.13

310256 1509617 9837.5 10100 142.9 40755.85 40782.6310248.8 1509627 9825 10100 148.3 40831.83 40858.08310241.6 1509638 9812.5 10100 148.3 40900.29 40926.93310234.5 1509648 9800 10100 152.7 40826 40853.17310418.8 1509472 10050 10150 156.2 40750.57 40766.37310422.4 1509467 10056.25 10150 156.2 40674.39 40689.96

310426 1509462 10062.5 10150 150.8 40693.55 40708.7310429.6 1509456 10068.75 10150 160.2 40720.87 40735.82310433.2 1509451 10075 10150 169.5 40717.87 40732.58310436.7 1509446 10081.25 10150 172.9 40707.76 40722.06310440.3 1509441 10087.5 10150 174.3 40632.1 40646.5310443.9 1509436 10093.75 10150 175.8 40357.32 40371.04310447.5 1509431 10100 10150 186.9 40146.07 40158.88310451.1 1509426 10106.25 10150 198.1 40194.01 40206.37310431.1 1509541 10000 10200 142.0 40944.42 40953.2310423.9 1509552 9987.5 10200 144.8 41619.35 41628.25310416.7 1509562 9975 10200 142.1 40591.8 40601.25310409.6 1509572 9962.5 10200 146.8 40513.4 40522.61310402.4 1509582 9950 10200 150.4 40507.47 40516.88310395.2 1509593 9937.5 10200 154.1 40604.52 40613.77310388.1 1509603 9925 10200 157.8 40627.89 40637.34310380.9 1509613 9912.5 10200 161.4 40692.07 40701.45310373.7 1509623 9900 10200 169.6 40756.31 40770.76310366.5 1509634 9887.5 10200 186.6 40777.22 40793.35

310359.4 1509644 9875 10200 186.6 40764.88 40781.29310352.2 1509654 9862.5 10200 186.6 40616.02 40632.73

310345 1509664 9850 10200 186.6 40518.51 40535.27310337.9 1509675 9837.5 10200 186.6 40595.52 40611.93310330.7 1509685 9825 10200 186.6 40726.21 40742.99310323.5 1509695 9812.5 10200 186.6 40730.62 40746.82310316.4 1509705 9800 10200 186.6 40761.88 40778.18310309.2 1509715 9787.5 10200 188.4 40752.89 40768.93

310302 1509726 9775 10200 188.4 40791.62 40807.02310294.9 1509736 9762.5 10200 188.4 40833.6 40848.09310287.7 1509746 9750 10200 190.5 40841.22 40855.69310280.5 1509756 9737.5 10200 192.7 40861.55 40875.72310273.3 1509767 9725 10200 194.3 40828.84 40843.23310266.2 1509777 9712.5 10200 199.8 40799.95 40814.45

310259 1509787 9700 10200 202.4 40739.04 40753.63310251.8 1509797 9687.5 10200 205.1 40674.86 40689.89310244.7 1509808 9675 10200 211.5 40630.63 40645.99310237.5 1509818 9662.5 10200 216.4 40547.23 40562.87310230.3 1509828 9650 10200 222.5 40519.73 40535.93310223.2 1509838 9637.5 10200 226.9 40480.3 40496.42

310216 1509849 9625 10200 232.7 40010.82 40027.13310208.8 1509859 9612.5 10200 228.6 40062.58 40080.03310201.6 1509869 9600 10200 216.2 40224.74 40241.83310194.5 1509879 9587.5 10200 205.6 40372.45 40389.83310187.3 1509890 9575 10200 200.5 40336.88 40354.55310180.1 1509900 9562.5 10200 195.3 40329.31 40347.01

310173 1509910 9550 10200 189.4 40412.05 40430.02310165.8 1509920 9537.5 10200 184.5 40314.39 40332.43310158.6 1509931 9525 10200 178.6 40933.34 40952.25310151.5 1509941 9512.5 10200 175.1 40906.03 40924.75310144.3 1509951 9500 10200 183.5 40548.13 40567.21310137.1 1509961 9487.5 10200 187.2 39905.71 39924.79310129.9 1509971 9475 10200 180.4 39920.61 39939.88310122.8 1509982 9462.5 10200 173.6 39927.55 39947.11310115.6 1509992 9450 10200 167.7 40328.67 40347.93310108.4 1510002 9437.5 10200 160.7 40590.02 40609.71310101.3 1510012 9425 10200 158.3 40631.97 40651.91310094.1 1510023 9412.5 10200 154.7 40119.09 40139.36310086.9 1510033 9400 10200 145.9 40121.08 40141.39310079.8 1510043 9387.5 10200 144.1 40562.89 40582.82310072.6 1510053 9375 10200 140.0 40653.76 40673.37310065.4 1510064 9362.5 10200 135.9 40651.27 40671.29310058.3 1510074 9350 10200 128.9 40645.56 40665.67310051.1 1510084 9337.5 10200 125.5 40832.45 40852.53310043.9 1510094 9325 10200 128.9 40878.32 40898.25310036.7 1510105 9312.5 10200 131.1 40856.67 40876.5310029.6 1510115 9300 10200 124.7 40913.53 40933.34310022.4 1510125 9287.5 10200 118.4 40884.51 40904.47310015.2 1510135 9275 10200 114.1 41029.12 41048.71310008.1 1510146 9262.5 10200 119.1 41128.05 41148.2310000.9 1510156 9250 10200 115.3 41111.65 41131.01309993.7 1510166 9237.5 10200 111.9 41142.48 41161.39309986.6 1510176 9225 10200 109.1 41173.03 41192309979.4 1510186 9212.5 10200 107.1 41214.33 41232.88309972.2 1510197 9200 10200 114.7 41354.51 41373.36

309965 1510207 9187.5 10200 118.3 41362.84 41381.63309957.9 1510217 9175 10200 127.0 41379.08 41398.8309950.7 1510227 9162.5 10200 135.7 41553.95 41573.32309943.5 1510238 9150 10200 143.8 41612.77 41632.12309936.4 1510248 9137.5 10200 151.9 41839.77 41859.59309929.2 1510258 9125 10200 158.3 41555.81 41576.14

309922 1510268 9112.5 10200 164.7 41228.82 41268.46309914.9 1510279 9100 10200 171.0 40950.48 40990.19309907.7 1510289 9087.5 10200 177.4 40906.31 40946.2309900.5 1510299 9075 10200 182.7 40903.55 40943.97309893.3 1510309 9062.5 10200 188.0 40629.93 40671.02309886.2 1510320 9050 10200 190.9 40723.1 40764.72

309879 1510330 9037.5 10200 191.6 40710.83 40752.91309871.8 1510340 9025 10200 189.7 40670.15 40712.53309864.7 1510350 9012.5 10200 189.7 40875.34 40917.93309857.5 1510361 9000 10200 189.7 40723.59 40766.34309850.3 1510371 8987.5 10200 189.7 40367.49 40410.37309843.2 1510381 8975 10200 189.7 40616 40659.13

309836 1510391 8962.5 10200 190.4 40479.05 40522.67309828.8 1510402 8950 10200 191.4 40596.1 40639.82309821.7 1510412 8937.5 10200 195.4 40623.95 40667.81309814.5 1510422 8925 10200 200.5 40860.54 40904.6309807.3 1510432 8912.5 10200 205.6 40844.77 40888.99309800.1 1510442 8900 10200 210.6 40590.07 40634.56

309793 1510453 8887.5 10200 215.5 40464.22 40508.69309785.8 1510463 8875 10200 220.7 40627.53 40672.09309778.6 1510473 8862.5 10200 220.7 40730.64 40775.15309771.5 1510483 8850 10200 219.7 40832.23 40876.62309764.3 1510494 8837.5 10200 218.8 40551.44 40595.68309757.1 1510504 8825 10200 216.2 40594.32 40638.23

309750 1510514 8812.5 10200 216.2 40635.86 40679.78309742.8 1510524 8800 10200 216.2 40689.26 40732.9309735.6 1510535 8787.5 10200 214.6 40696.57 40739.92309728.4 1510545 8775 10200 213.3 40792.84 40835.84309721.3 1510555 8762.5 10200 209.8 40756.1 40798.86309714.1 1510565 8750 10200 208.6 40661.82 40704.16309706.9 1510576 8737.5 10200 211.5 40627.41 40669.45309699.8 1510586 8725 10200 216.8 40637.64 40679.39309692.6 1510596 8712.5 10200 216.8 40645.45 40686.71309685.4 1510606 8700 10200 216.8 40613.69 40654.58309678.3 1510617 8687.5 10200 216.8 40739.34 40779.75309671.1 1510627 8675 10200 216.8 40655.97 40695.92310512.9 1509599 10000 10300 168.0 40798.25 40837.44310516.5 1509594 10006.25 10300 170.0 40729.74 40768.9310520.1 1509588 10012.5 10300 172.0 40670.14 40709.28310523.7 1509583 10018.75 10300 174.0 40659.54 40698.66310527.3 1509578 10025 10300 176.0 40659.74 40698.93310530.9 1509573 10031.25 10300 178.0 40658.2 40697.58310534.4 1509568 10037.5 10300 180.0 40621.16 40660.66

310538 1509563 10043.75 10300 182.0 40564.79 40604.23310541.6 1509558 10050 10300 184.0 40524.21 40563.67310545.2 1509553 10056.25 10300 186.0 40353.41 40392.97310548.8 1509548 10062.5 10300 188.0 40290.37 40329.89310552.4 1509542 10068.75 10300 190.0 40350.99 40390.53

310556 1509537 10075 10300 192.0 40321.28 40360.77

310559.5 1509532 10081.25 10300 194.0 40449.52 40489.07310563.1 1509527 10087.5 10300 196.0 40405.61 40445.16310566.7 1509522 10093.75 10300 198.0 40285.42 40324.83310573.9 1509512 10100 10300 204.8 40200.76 40240.12

310581 1509501 10112.5 10300 211.6 40204.54 40244.25310588.2 1509491 10125 10300 218.4 40393.06 40433.02310595.4 1509481 10137.5 10300 225.2 40384.97 40425.23310602.6 1509471 10150 10300 232.0 40281.71 40322.3310609.7 1509461 10162.5 10300 238.8 40320.3 40360.92310616.9 1509450 10175 10300 245.6 40342.86 40383.74310624.1 1509440 10187.5 10300 252.4 40393.91 40435.06310631.2 1509430 10200 10300 259.2 40495.47 40536.8310638.4 1509420 10212.5 10300 266.0 40473.25 40514.89310645.6 1509409 10225 10300 272.8 40496.97 40538.95310652.7 1509399 10237.5 10300 279.6 40426.82 40469.18310659.9 1509389 10250 10300 286.4 40460.84 40503.4310667.1 1509379 10262.5 10300 293.2 40465.46 40508.27310674.3 1509368 10275 10300 300.0 40494.39 40537.41310681.4 1509358 10287.5 10300 311.0 40436.59 40479.9310688.6 1509348 10300 10300 322.0 40481.1 40524.63310695.8 1509338 10312.5 10300 333.0 40438.92 40482.62310702.9 1509327 10325 10300 350.0 40526.14 40570.13310710.1 1509317 10337.5 10300 357.0 40659.39 40703.51310717.3 1509307 10350 10300 350.0 40573.29 40617.45310724.4 1509297 10362.5 10300 333.0 40645.42 40689.68310731.6 1509286 10375 10300 322.0 40584.99 40629.46310738.8 1509276 10387.5 10300 311.0 40617.27 40661.79310745.9 1509266 10400 10300 300.0 40588.56 40633.21310652.1 1509574 10100 10400 241.1 40419.46 40429.79310648.5 1509579 10093.75 10400 238.5 40422.76 40433.02310644.9 1509584 10081.25 10400 233.0 40420.68 40430.94310641.4 1509589 10075 10400 227.5 40455.44 40465.68310637.8 1509595 10068.75 10400 222.0 40426.41 40436.2310634.2 1509600 10062.5 10400 216.5 40528.72 40538.78310630.6 1509605 10056.25 10400 211.0 40678 40689.05

310627 1509610 10050 10400 205.5 40786.46 40797.4310623.4 1509615 10043.75 10400 197.1 40943.44 40954.01310619.8 1509620 10037.5 10400 193.8 40940.08 40950.74310616.3 1509625 10031.25 10400 190.4 40906.49 40917.14310612.7 1509630 10025 10400 187.1 40891.97 40902.84310609.1 1509635 10018.75 10400 183.7 40897.39 40908.25310605.5 1509641 10012.5 10400 180.4 40900.35 40911.19310601.9 1509646 10006.25 10400 177.0 40919.12 40929.92310594.7 1509656 10000 10400 173.6 41090.25 41101.44310587.6 1509666 9993.75 10400 177.0 41211.37 41218.93310580.4 1509676 9987.5 10400 180.4 41577.71 41584.81310573.2 1509687 9981.25 10400 183.7 41523.01 41529.69

310566 1509697 9975 10400 187.1 41149.54 41155.79310558.9 1509707 9968.75 10400 190.4 41027.13 41032.67310551.7 1509717 9962.5 10400 193.8 41003.6 41009.23310544.5 1509728 9956.25 10400 197.1 40907.47 40913.21310537.4 1509738 9950 10400 204.8 40796.54 40802.21310530.2 1509748 9937.5 10400 214.8 40723.28 40729.16

310523 1509758 9925 10400 224.8 40748.75 40754.35310515.9 1509769 9912.5 10400 234.8 40725.15 40729.68

310508.7 1509779 9900 10400 238.0 40705.27 40709.41310501.5 1509789 9887.5 10400 236.1 40715.66 40719.66310494.3 1509799 9875 10400 230.2 40541.87 40545.55310487.2 1509810 9862.5 10400 224.2 40351.31 40353.73

310480 1509820 9850 10400 218.2 40192.18 40194.03310472.8 1509830 9837.5 10400 212.2 40355.21 40356.25310465.7 1509840 9825 10400 206.3 40283.18 40283.79310458.5 1509851 9812.5 10400 200.3 40475.41 40475.59310451.3 1509861 9800 10400 194.3 40665.3 40665.36310444.2 1509871 9787.5 10400 204.7 40498.1 40495.8

310437 1509881 9775 10400 209.0 40418.25 40416.07310429.8 1509892 9762.5 10400 214.6 40458.62 40456.36310422.7 1509902 9750 10400 223.9 40648.45 40646.06310415.5 1509912 9737.5 10400 232.9 40542.31 40539.47310408.3 1509922 9725 10400 240.5 40422.26 40419.02310401.1 1509932 9712.5 10400 248.3 40529.03 40525.72

310394 1509943 9700 10400 256.9 40365.81 40362.46310386.8 1509953 9687.5 10400 259.8 40523.66 40520.31310379.6 1509963 9675 10400 261.8 40416.55 40413.11310372.5 1509973 9662.5 10400 259.1 40440.07 40436.87310365.3 1509984 9650 10400 253.7 40544.95 40542.23310358.1 1509994 9637.5 10400 250.1 40549.81 40547.09

310351 1510004 9625 10400 248.0 40490 40487.48310343.8 1510014 9612.5 10400 241.5 40404.64 40402.74310336.6 1510025 9600 10400 237.1 40491.35 40489.8310329.4 1510035 9587.5 10400 235.2 40509.2 40507.84310322.3 1510045 9575 10400 234.1 40447.25 40446.86310315.1 1510055 9562.5 10400 236.1 40534.81 40534.42310307.9 1510066 9550 10400 240.4 40522.8 40522.56310300.8 1510076 9537.5 10400 239.5 40418.91 40419.03310293.6 1510086 9525 10400 230.1 40508.92 40510.08310286.4 1510096 9512.5 10400 225.6 40466.79 40468.15310279.3 1510107 9500 10400 210.2 40522.94 40524.03310272.1 1510117 9487.5 10400 204.8 40643.1 40644.02310264.9 1510127 9475 10400 197.1 40672.58 40673.14310257.7 1510137 9462.5 10400 198.8 40657.4 40657.83310250.6 1510147 9450 10400 196.3 40576.22 40576.41310243.4 1510158 9437.5 10400 191.6 40637.08 40637.19310236.2 1510168 9425 10400 189.7 40739.61 40739.7310229.1 1510178 9412.5 10400 190.5 40679.11 40679.07310221.9 1510188 9400 10400 190.0 40576.45 40580.43310214.7 1510199 9387.5 10400 182.8 40671.04 40675.79310207.6 1510209 9375 10400 171.6 40851.95 40857.49310200.4 1510219 9362.5 10400 167.8 40997.59 41003.71310193.2 1510229 9350 10400 167.3 40795.44 40801.67310186.1 1510240 9337.5 10400 168.5 41048.84 41055.18310178.9 1510250 9325 10400 169.0 41289.27 41295.68310171.7 1510260 9312.5 10400 175.5 41283.25 41289.69310164.5 1510270 9300 10400 173.2 40520.1 40526.97310157.4 1510281 9287.5 10400 163.2 40984.81 40991.88310150.2 1510291 9275 10400 157.6 40982.79 40990.06

310143 1510301 9262.5 10400 155.7 40961.68 40969.15310135.9 1510311 9250 10400 151.1 41109.58 41116.25310128.7 1510322 9237.5 10400 149.1 40201.39 40208.01310121.5 1510332 9225 10400 146.5 40250.1 40256.6

310114.4 1510342 9212.5 10400 142.0 40561.71 40568.21310107.2 1510352 9200 10400 130.3 41158.57 41164.81

310100 1510363 9187.5 10400 122.6 41240.6 41247.03310092.8 1510373 9175 10400 116.5 40975.7 40982.3310085.7 1510383 9162.5 10400 110.4 40994.08 41000.93310078.5 1510393 9150 10400 103.8 40945.31 40952.67310071.3 1510403 9137.5 10400 97.2 40918.59 40926.31310064.2 1510414 9125 10400 94.2 40907.09 40915.01

310057 1510424 9112.5 10400 97.2 40871.84 40880.28310049.8 1510434 9100 10400 102.9 40875.34 40883.83310042.7 1510444 9087.5 10400 106.7 40838.77 40847.7310035.5 1510455 9075 10400 119.9 40913.72 40948.13310028.3 1510465 9062.5 10400 133.1 40940.12 40977.13310021.1 1510475 9050 10400 140.1 40792.86 40829.92

310014 1510485 9037.5 10400 147.1 40777.11 40813.37310006.8 1510496 9025 10400 157.3 40838.15 40874.37309999.6 1510506 9012.5 10400 162.6 40755.12 40791.33309992.5 1510516 9000 10400 169.6 40752.99 40790309985.3 1510526 8987.5 10400 184.3 40748.95 40785.93309978.1 1510537 8975 10400 186.6 40767.54 40805.71

309971 1510547 8962.5 10400 190.9 40767.56 40807.33309963.8 1510557 8950 10400 202.8 40775.15 40816.62309956.6 1510567 8937.5 10400 214.7 40766.34 40809.52309949.5 1510578 8925 10400 218.3 40787.44 40831.87309942.3 1510588 8912.5 10400 227.5 40792.41 40838.73309935.1 1510598 8900 10400 238.4 40742.9 40792.74309927.9 1510608 8887.5 10400 249.3 40700.07 40750.58309920.8 1510619 8875 10400 259.3 40691.88 40745.94309913.6 1510629 8862.5 10400 265.6 40699.85 40755.03309906.4 1510639 8850 10400 267.4 40706.96 40762.83309899.3 1510649 8837.5 10400 269.3 40728.53 40784.72309892.1 1510659 8825 10400 271.1 40732.8 40789.37309884.9 1510670 8812.5 10400 272.9 40667.19 40723.71310676.5 1509713 10000 10500 197.1 41004.26 41054.1310680.1 1509708 10006.25 10500 199.0 41015.2 41065.1310683.7 1509703 10012.5 10500 200.9 41110.62 41160.6310687.3 1509698 10018.75 10500 202.8 41011.74 41061.78310690.8 1509693 10025 10500 204.7 40920.08 40970.22310694.4 1509688 10031.25 10500 206.6 40835.25 40885.51

310698 1509683 10037.5 10500 208.5 40780.15 40830.49310701.6 1509677 10043.75 10500 210.3 40763.13 40813.6310705.2 1509672 10050 10500 216.1 40700.07 40750.52310708.8 1509667 10056.25 10500 223.0 40664.94 40715.38310712.3 1509662 10062.5 10500 234.0 40613.81 40664.15310715.9 1509657 10068.75 10500 245.0 40596.76 40647.1310719.5 1509652 10075 10500 253.0 40581.82 40632.19310723.1 1509647 10081.25 10500 249.0 40525.25 40575.57310726.7 1509642 10087.5 10500 246.0 40515.9 40566.2310730.3 1509636 10093.75 10500 242.0 40517.06 40567.44310733.9 1509631 10100 10500 239.4 40520.14 40570.49

310741 1509621 10112.5 10500 245.0 40507.75 40558.23310748.2 1509611 10125 10500 250.6 40492.24 40542.76310755.4 1509601 10137.5 10500 256.2 40468.93 40519.52310762.5 1509590 10150 10500 265.1 40376.35 40426.96310769.7 1509580 10162.5 10500 272.0 40330.52 40381.21

310776.9 1509570 10175 10500 278.9 40361.09 40411.98310784 1509560 10187.5 10500 285.7 40350.89 40402.01

310791.2 1509549 10200 10500 300.1 40409.7 40461.02310798.4 1509539 10212.5 10500 305.0 40400.5 40451.94310805.6 1509529 10225 10500 311.9 40369.95 40421.48310812.7 1509519 10237.5 10500 328.5 40461 40512.5310819.9 1509508 10250 10500 336.8 40334.78 40386.47310827.1 1509498 10262.5 10500 345.0 40273.28 40325.01310834.2 1509488 10275 10500 353.2 40457.86 40509.59310841.4 1509478 10287.5 10500 361.5 40498.97 40550.49310848.6 1509468 10300 10500 364.4 40499.8 40551.37310855.7 1509457 10312.5 10500 375.0 40560.19 40611.77310862.9 1509447 10325 10500 365.3 40572.86 40624.69310870.1 1509437 10337.5 10500 355.5 40663.02 40715.11310877.2 1509427 10350 10500 357.8 40611.22 40663.39310930.5 1509525 10300 10600 358.7 40417.81 40452.15310923.4 1509535 10287.5 10600 351.7 40389.46 40423.89310916.2 1509545 10275 10600 345.6 40384.65 40418.92

310909 1509556 10262.5 10600 335.6 40377.86 40411.47310901.9 1509566 10250 10600 325.0 40424.06 40457.42310894.7 1509576 10237.5 10600 314.5 40392.45 40425.61310887.5 1509586 10225 10600 304.6 40401.36 40434.44310880.3 1509597 10212.5 10600 294.7 40400.44 40433.45310873.2 1509607 10200 10600 283.4 40412.25 40445.3

310866 1509617 10187.5 10600 272.0 40442.13 40475.27310858.8 1509627 10175 10600 263.7 40364.89 40397.56310851.7 1509638 10162.5 10600 250.5 40394.69 40427.96310844.5 1509648 10150 10600 243.5 40489.93 40524.29310837.3 1509658 10137.5 10600 237.7 40600.25 40635.44310830.2 1509668 10125 10600 229.5 40561.16 40595.47

310823 1509679 10112.5 10600 221.2 40468.35 40502.85310815.8 1509689 10100 10600 219.4 40568.43 40602.88310808.6 1509699 10087.5 10600 219.4 40647.3 40681.45310801.5 1509709 10075 10600 219.4 40744.11 40777.66310794.3 1509719 10062.5 10600 223.5 40778.72 40811.7310787.1 1509730 10050 10600 228.5 40920.49 40953.18

310780 1509740 10037.5 10600 233.5 40926.36 40958.44310772.8 1509750 10025 10600 236.7 40882.9 40914.92310765.6 1509760 10012.5 10600 239.9 40732.19 40763.49310758.5 1509771 10000 10600 246.8 40722.55 40753.54310751.3 1509781 9987.5 10600 253.3 40860.84 40910.25310744.1 1509791 9975 10600 258.2 40640.5 40690.61

310737 1509801 9962.5 10600 266.7 40259.39 40310.29310729.8 1509812 9950 10600 271.3 40336.52 40384.66310722.6 1509822 9937.5 10600 275.9 40373.58 40418.19310715.4 1509832 9925 10600 281.5 40435.67 40476.72310708.3 1509842 9912.5 10600 288.0 40447 40488.32310701.1 1509853 9900 10600 289.1 40402.23 40443.45310693.9 1509863 9887.5 10600 293.5 40449.59 40490.39310686.8 1509873 9875 10600 298.2 40541.57 40585.27310679.6 1509883 9862.5 10600 303.0 40638.66 40684.07310672.4 1509894 9850 10600 306.2 40664.88 40711.34310665.3 1509904 9837.5 10600 309.5 40630.8 40677.67310658.1 1509914 9825 10600 314.3 40534.81 40581.49310650.9 1509924 9812.5 10600 318.3 40468.24 40514.18

310643.7 1509934 9800 10600 322.0 40077.34 40123.95310636.6 1509945 9787.5 10600 321.6 40136.42 40184.22310629.4 1509955 9775 10600 317.9 40157.07 40205.03310622.2 1509965 9762.5 10600 313.1 40168.52 40211.96310615.1 1509975 9750 10600 307.8 40263.16 40306.29310607.9 1509986 9737.5 10600 295.3 40581.77 40624.68310600.7 1509996 9725 10600 286.9 40534.35 40577.41310593.6 1510006 9712.5 10600 273.5 40413.87 40457.5310586.4 1510016 9700 10600 266.9 40588.58 40632.35310579.2 1510027 9687.5 10600 260.2 40556.63 40600.78

310572 1510037 9675 10600 256.8 40482.68 40527.07310564.9 1510047 9662.5 10600 249.2 40543.61 40588.55310557.7 1510057 9650 10600 243.6 40553.57 40599.34310550.5 1510068 9637.5 10600 230.4 40544.59 40590.26310543.4 1510078 9625 10600 220.3 40645.95 40692.03310536.2 1510088 9612.5 10600 210.2 40643.49 40689.55

310529 1510098 9600 10600 202.3 40580.27 40626.69310521.9 1510109 9587.5 10600 194.5 40569.06 40615.23310514.7 1510119 9575 10600 186.7 40537.69 40584.15310507.5 1510129 9562.5 10600 187.2 40514.21 40560.4310500.4 1510139 9550 10600 191.9 40598.6 40645.14310493.2 1510150 9537.5 10600 184.8 40622.1 40668.6

310486 1510160 9525 10600 192.8 40688.79 40735.14310478.8 1510170 9512.5 10600 202.3 40659.83 40706.71310471.7 1510180 9500 10600 217.7 40613.98 40661.43310464.5 1510190 9487.5 10600 218.6 40616.6 40664.51310457.3 1510201 9475 10600 219.2 40605.68 40653.75310450.2 1510211 9462.5 10600 221.0 40620.76 40669.35

310443 1510221 9450 10600 221.5 40526.24 40574.9310435.8 1510231 9437.5 10600 223.3 40629.03 40677.97310428.7 1510242 9425 10600 224.6 40688.22 40737.94310421.5 1510252 9412.5 10600 225.9 40641.47 40691.79310414.3 1510262 9400 10600 233.3 40590.06 40643.96310407.1 1510272 9387.5 10600 233.5 40893.54 40947.04

310400 1510283 9375 10600 224.6 40903.29 40954.36310392.8 1510293 9362.5 10600 216.3 40954.54 41005.46310385.6 1510303 9350 10600 209.7 41083.99 41134.44310378.5 1510313 9337.5 10600 203.0 41057.88 41108.21310371.3 1510324 9325 10600 200.6 41066.91 41118.6310364.1 1510334 9312.5 10600 196.2 41059.92 41112.41

310357 1510344 9300 10600 191.6 40855.17 40907.84310349.8 1510354 9287.5 10600 188.4 40980.69 41032.41310342.6 1510365 9275 10600 172.4 41101.58 41152.32310335.4 1510375 9262.5 10600 156.4 41165.67 41215.91310328.3 1510385 9250 10600 154.9 40814 40863.56310321.1 1510395 9237.5 10600 144.5 41186.82 41236.25310313.9 1510405 9225 10600 135.1 41242.33 41291.2310306.8 1510416 9212.5 10600 129.0 41154.96 41204.04310299.6 1510426 9200 10600 131.8 41001 41050.42310292.4 1510436 9187.5 10600 134.3 40889.36 40939.58310285.3 1510446 9175 10600 135.9 40834.18 40883.77310278.1 1510457 9162.5 10600 138.2 40910.32 40959.38310270.9 1510467 9150 10600 140.7 40860.01 40908.68310263.8 1510477 9137.5 10600 143.2 40823.73 40870.82310256.6 1510487 9125 10600 148.9 40840.15 40889.07

310249.4 1510498 9112.5 10600 158.6 40796.41 40844.87310242.2 1510508 9100 10600 161.1 40809.14 40857.44310235.1 1510518 9087.5 10600 163.6 40821.06 40868.83310227.9 1510528 9075 10600 171.1 40859.43 40906.54310220.7 1510539 9062.5 10600 172.6 40708.49 40755.26310213.6 1510549 9050 10600 165.5 40735.65 40780.62310206.4 1510559 9037.5 10600 163.2 40718.87 40764.13310199.2 1510569 9025 10600 158.2 40777.45 40822.67311037.1 1509721 10200 10800 335.0 40193.64 40249.05

311030 1509732 10187.5 10800 335.0 40322.11 40375.87311022.8 1509742 10175 10800 333.5 40437.66 40490.92311015.6 1509752 10162.5 10800 333.5 40473.07 40525.82311008.5 1509762 10150 10800 322.9 40468.91 40520.91311001.3 1509772 10137.5 10800 318.6 40484.46 40535.38310994.1 1509783 10125 10800 314.3 40515.45 40565.52

310987 1509793 10112.5 10800 310.0 40492.43 40541.65310979.8 1509803 10100 10800 305.7 40536.95 40585.28310972.6 1509813 10087.5 10800 305.7 40618.91 40667.29310965.5 1509824 10075 10800 304.3 40673.04 40722.26310958.3 1509834 10062.5 10800 310.0 40679.69 40729.99310951.1 1509844 10050 10800 318.3 40476.06 40526.99310943.9 1509854 10037.5 10800 319.0 40350.44 40400.97310936.8 1509865 10025 10800 320.4 40131.16 40181.81310929.6 1509875 10012.5 10800 320.4 39979.7 40030.32310922.4 1509885 10000 10800 320.4 40114.3 40164.68310915.3 1509895 9987.5 10800 314.2 40076.82 40127.25310908.1 1509906 9975 10800 308.6 40093.6 40143.92310900.9 1509916 9962.5 10800 303.0 40129.13 40179.45310893.8 1509926 9950 10800 297.4 40110.36 40159.98310886.6 1509936 9937.5 10800 290.8 39981.03 40030.4310879.4 1509947 9925 10800 280.5 40218.99 40268.61310872.2 1509957 9912.5 10800 276.5 40139.46 40188.51310865.1 1509967 9900 10800 296.2 40389.21 40437.86310857.9 1509977 9887.5 10800 287.0 40488.09 40536.13310850.7 1509987 9875 10800 274.9 40393.2 40441.18310843.6 1509998 9862.5 10800 273.9 40413 40461.62310836.4 1510008 9850 10800 271.2 40335.46 40384.59310829.2 1510018 9837.5 10800 268.6 40576.36 40626.83310822.1 1510028 9825 10800 252.1 40531.45 40582.6310814.9 1510039 9812.5 10800 235.7 40460.1 40511.95310807.7 1510049 9800 10800 237.6 40442.56 40493.57310800.5 1510059 9787.5 10800 222.9 40483.39 40533.38310793.4 1510069 9775 10800 218.5 40456.78 40507.56310786.2 1510080 9762.5 10800 219.0 40601.52 40653.15

310779 1510090 9750 10800 222.6 40456.67 40507.49310771.9 1510100 9737.5 10800 226.4 40435.4 40485.69310764.7 1510110 9725 10800 226.4 40542.18 40592.27310757.5 1510121 9712.5 10800 230.5 40480.73 40531.8310750.4 1510131 9700 10800 231.6 40545 40595.28310743.2 1510141 9687.5 10800 228.8 40464.36 40514.52

310736 1510151 9675 10800 224.9 40683.96 40733.99310728.9 1510162 9662.5 10800 218.0 41058.55 41107.61310721.7 1510172 9650 10800 208.6 41019.66 41067.88310714.5 1510182 9637.5 10800 199.8 41920.78 41967.76310707.3 1510192 9625 10800 195.3 41614.89 41661.58

310700.2 1510203 9612.5 10800 190.8 41633.28 41678.74310693 1510213 9600 10800 186.9 41307.04 41351.38

310685.8 1510223 9587.5 10800 177.5 41044.52 41087.97310678.7 1510233 9575 10800 173.0 40797.37 40840.1310671.5 1510243 9562.5 10800 162.6 40761.07 40803.59310664.3 1510254 9550 10800 164.3 40475.91 40518.06310657.2 1510264 9537.5 10800 165.9 40538.34 40579.25

310650 1510274 9525 10800 169.6 40986.24 41025.53310642.8 1510284 9512.5 10800 173.2 40511 40577.29310635.6 1510295 9500 10800 176.7 40691.29 40757.42310628.5 1510305 9487.5 10800 180.1 40765.45 40832.39310621.3 1510315 9475 10800 184.8 40744.32 40808.91310614.1 1510325 9462.5 10800 186.6 40515.61 40579.24

310607 1510336 9450 10800 183.5 40761.41 40823.38310599.8 1510346 9437.5 10800 184.5 40733.27 40794.49310592.6 1510356 9425 10800 185.2 40715.85 40776.88310585.5 1510366 9412.5 10800 188.3 40883.14 40945.85310578.3 1510377 9400 10800 192.9 40778.32 40843.1310571.1 1510387 9387.5 10800 197.4 40539.02 40604.05310563.9 1510397 9375 10800 200.9 40821.09 40886.07310556.8 1510407 9362.5 10800 203.7 40909.97 40975.36310549.6 1510418 9350 10800 203.4 40912.51 40976.1310542.4 1510428 9337.5 10800 203.4 41509.47 41571.75310535.3 1510438 9325 10800 203.4 41582.3 41644.45310528.1 1510448 9312.5 10800 207.4 41619.87 41682.31310520.9 1510459 9300 10800 208.9 41509.15 41572.36310513.8 1510469 9287.5 10800 211.3 41256.04 41319.21310506.6 1510479 9275 10800 208.8 41151.46 41215.91310499.4 1510489 9262.5 10800 200.8 40957.52 41022.84310492.3 1510499 9250 10800 203.6 40816.87 40882310485.1 1510510 9237.5 10800 209.6 40952.45 41017.43310477.9 1510520 9225 10800 215.0 41006.31 41070.77310470.7 1510530 9212.5 10800 209.0 40919.62 40983.71310463.6 1510540 9200 10800 200.6 40857.37 40920.86310456.4 1510551 9187.5 10800 208.8 40886.18 40949.68310449.2 1510561 9175 10800 213.8 41087.59 41151.04310442.1 1510571 9162.5 10800 218.9 41254.09 41317.36310434.9 1510581 9150 10800 226.2 41135.87 41199.01310427.7 1510592 9137.5 10800 232.5 41070.88 41109.24310420.6 1510602 9125 10800 240.6 40933.4 40970.39310413.4 1510612 9112.5 10800 245.9 40696.2 40732.92310406.2 1510622 9100 10800 253.8 40503.48 40539.76

310399 1510633 9087.5 10800 258.7 40612.94 40648.69310391.9 1510643 9075 10800 266.9 40597.72 40632.44310384.7 1510653 9062.5 10800 272.8 40622.52 40656.3310377.5 1510663 9050 10800 279.7 40670.59 40704.34310370.4 1510674 9037.5 10800 284.1 40702.04 40735.99310363.2 1510684 9025 10800 284.1 40687.88 40722.21310978.5 1510154 9812.5 11000 200.5 40243.55 40262.32310971.3 1510164 9800 11000 197.9 40729.22 40750.52310964.1 1510174 9787.5 11000 192.2 40733.49 40756.77310956.9 1510184 9775 11000 183.5 40702.38 40725.94310949.8 1510195 9762.5 11000 174.8 40940.57 40965.74310942.6 1510205 9750 11000 170.3 40773.26 40799.54310935.4 1510215 9737.5 11000 171.6 40629 40654.75

310928.3 1510225 9725 11000 176.2 41002.25 41028.6310921.1 1510236 9712.5 11000 187.0 40865.81 40894.23310913.9 1510246 9700 11000 193.4 40776.97 40809.41310906.8 1510256 9687.5 11000 203.9 40873.57 40906.74310899.6 1510266 9675 11000 206.0 40438.93 40473.81310892.4 1510276 9662.5 11000 208.1 40288.88 40324.95310885.2 1510287 9650 11000 214.1 41015.06 41052.38310878.1 1510297 9637.5 11000 214.1 41038.97 41078.63310870.9 1510307 9625 11000 213.9 41171.39 41213.06310863.7 1510317 9612.5 11000 217.3 40856.87 40898.85310856.6 1510328 9600 11000 219.1 40906.33 40948.73310849.4 1510338 9587.5 11000 227.0 40657.09 40701.15310842.2 1510348 9575 11000 229.0 40654.1 40698.69310835.1 1510358 9562.5 11000 237.2 40668.79 40715310827.9 1510369 9550 11000 245.2 40595.23 40643.64310820.7 1510379 9537.5 11000 253.2 40852.02 40902.86310813.6 1510389 9525 11000 260.8 40965.75 41020.22310806.4 1510399 9512.5 11000 268.3 41475.85 41544.83310799.2 1510410 9500 11000 271.9 41336.21 41409.67

310792 1510420 9487.5 11000 275.4 41111.86 41186.25310784.9 1510430 9475 11000 284.1 40873.47 40946310777.7 1510440 9462.5 11000 285.0 40767.71 40837.63310770.5 1510451 9450 11000 282.2 40542.11 40611.46310763.4 1510461 9437.5 11000 277.7 40730.69 40798.91310756.2 1510471 9425 11000 271.8 40997.54 41066.44

310749 1510481 9412.5 11000 263.3 41303.39 41372.2310741.9 1510491 9400 11000 257.1 41298.96 41369.43310734.7 1510502 9387.5 11000 251.2 41146.07 41217.75310727.5 1510512 9375 11000 240.3 40965.56 41036.14310720.3 1510522 9362.5 11000 229.4 40929.18 40999.89310713.2 1510532 9350 11000 226.4 40943.3 41012.46

310706 1510543 9337.5 11000 223.4 41022.82 41091.31310698.8 1510553 9325 11000 216.3 40910.4 40977.54310691.7 1510563 9312.5 11000 222.9 40932.41 41000.46310684.5 1510573 9300 11000 229.6 40955.88 41026.05310677.3 1510584 9287.5 11000 236.3 40925.77 40997.79310670.2 1510594 9275 11000 240.5 40901.08 40970.92

310663 1510604 9262.5 11000 243.9 40757.95 40826.28310655.8 1510614 9250 11000 245.1 40737.77 40805.51310648.6 1510625 9237.5 11000 255.7 40778.38 40845.43311163.7 1510238 9850 11200 196.3 39934.36 39946.28311156.5 1510248 9837.5 11200 202.4 39871.66 39883.63311149.3 1510258 9825 11200 208.5 39785.27 39797.7311142.1 1510269 9812.5 11200 214.6 39154.45 39167.13

311135 1510279 9800 11200 220.7 39980.32 39993.21311127.8 1510289 9787.5 11200 226.8 40196.64 40209.53311120.6 1510299 9775 11200 230.5 40395.53 40408.47311113.5 1510310 9762.5 11200 234.1 40385.72 40398.58311106.3 1510320 9750 11200 240.0 40514.97 40527.74311099.1 1510330 9737.5 11200 244.6 40843.3 40856.34

311092 1510340 9725 11200 246.0 41013.62 41026.85311084.8 1510351 9712.5 11200 249.8 41024.1 41037.68311077.6 1510361 9700 11200 259.8 41043.48 41057.53311070.4 1510371 9687.5 11200 269.8 40971.25 40985.49311063.3 1510381 9675 11200 276.7 41222.28 41236.62

311056.1 1510391 9662.5 11200 283.5 41102.29 41116.7311048.9 1510402 9650 11200 290.2 40948.33 40964.33311041.8 1510412 9637.5 11200 293.3 40955.54 40972.09311034.6 1510422 9625 11200 308.2 40814.46 40831.13311027.4 1510432 9612.5 11200 312.0 40821.91 40838.65311020.3 1510443 9600 11200 318.4 40789.2 40806.04311013.1 1510453 9587.5 11200 324.1 40659.06 40676.05311005.9 1510463 9575 11200 327.4 40419.13 40436.23310998.7 1510473 9562.5 11200 318.1 40403.02 40420.43310991.6 1510484 9550 11200 313.3 40483.74 40501.58310984.4 1510494 9537.5 11200 311.1 40545.38 40563.41310977.2 1510504 9525 11200 301.1 40708.12 40726.59310970.1 1510514 9512.5 11200 291.1 40884.24 40902.95310962.9 1510525 9500 11200 286.7 40866.74 40885.92310955.7 1510535 9487.5 11200 282.3 41294.23 41313.94310948.6 1510545 9475 11200 286.9 41137.13 41157.15310941.4 1510555 9462.5 11200 287.9 40813.46 40833.77310934.2 1510566 9450 11200 298.5 40497.36 40518.27310927.1 1510576 9437.5 11200 295.3 40580.39 40601.68310919.9 1510586 9425 11200 295.3 40651.97 40673.59310912.7 1510596 9412.5 11200 295.3 40628.43 40650.34310905.5 1510607 9400 11200 295.3 40680.92 40703.03310898.4 1510617 9387.5 11200 293.5 41119.36 41146.7310891.2 1510627 9375 11200 291.9 41133.41 41160.97

310884 1510637 9362.5 11200 290.2 41159.87 41187.84310876.9 1510647 9350 11200 287.0 41366.49 41396.05310869.7 1510658 9337.5 11200 287.0 41396.87 41434.41310862.5 1510668 9325 11200 287.0 41130.05 41167.02310855.4 1510678 9312.5 11200 282.7 40884.96 40922.03310848.2 1510688 9300 11200 278.4 40879.89 40915.83

310841 1510699 9287.5 11200 274.2 40781.68 40817.77310833.8 1510709 9275 11200 266.2 40783.78 40819.91310826.7 1510719 9262.5 11200 258.3 40810.73 40847.49310819.5 1510729 9250 11200 252.8 40786.75 40824.31310812.3 1510740 9237.5 11200 252.8 40734.25 40771.73310805.2 1510750 9225 11200 252.8 40755.85 40792.58

310798 1510760 9212.5 11200 252.8 40730.19 40766.66310790.8 1510770 9200 11200 252.8 40782.38 40818.19310783.7 1510781 9187.5 11200 252.8 40699.72 40736.09310776.5 1510791 9175 11200 249.0 40705.47 40743.41310769.3 1510801 9162.5 11200 245.2 41145.02 41185.17310762.1 1510811 9150 11200 241.5 40530.85 40570.77

310755 1510822 9137.5 11200 237.7 40714.62 40754.79310747.8 1510832 9125 11200 233.9 40792.65 40833.11310740.6 1510842 9112.5 11200 230.2 40572.47 40612.76310733.5 1510852 9100 11200 226.4 40696.74 40737.17310726.3 1510862 9087.5 11200 222.7 40712 40752.67310719.1 1510873 9075 11200 218.9 40723.79 40764.74

310712 1510883 9062.5 11200 215.1 40725.04 40765.63310704.8 1510893 9050 11200 211.4 40704.7 40745.13310697.6 1510903 9037.5 11200 207.6 40726.48 40766.71310690.5 1510914 9025 11200 203.8 40770.53 40810.35310683.3 1510924 9012.5 11200 200.1 40851.94 40891.42310676.1 1510934 9000 11200 196.3 40924.82 40964.51310668.9 1510944 8987.5 11200 192.5 41024.2 41063.4

310661.8 1510955 8975 11200 188.8 41186.43 41225.25310654.6 1510965 8962.5 11200 185.0 41144.55 41182.45310647.4 1510975 8950 11200 181.3 41202.95 41240.09310640.3 1510985 8937.5 11200 177.5 41307.4 41344.73310633.1 1510996 8925 11200 173.7 41475.63 41512.69311413.9 1510230 10000.0 11400 229.1 40591.26 40624.45311406.7 1510240 9987.5 11400 224.2 40613.56 40650.26311399.5 1510250 9975.0 11400 219.7 40626.38 40662.68311392.4 1510260 9962.5 11400 215.7 40574.25 40609.46311385.2 1510271 9950.0 11400 212.6 40792.46 40826.68

311378 1510281 9937.5 11400 214.3 40807.1 40840.73311370.8 1510291 9925.0 11400 216.8 40743.74 40776.26311363.7 1510301 9912.5 11400 220.8 40585.21 40618.49311356.5 1510311 9900.0 11400 222.6 40488.35 40522.28311349.3 1510322 9887.5 11400 222.6 40403.91 40437.01311342.2 1510332 9875.0 11400 222.6 40335.7 40368.29

311335 1510342 9862.5 11400 223.6 40288.09 40320.87311327.8 1510352 9850.0 11400 225.2 40235.81 40269.07311320.7 1510363 9837.5 11400 235.5 40166.27 40199.29311313.5 1510373 9825.0 11400 238.8 40080.99 40114.97311306.3 1510383 9812.5 11400 242.1 39830.81 39863.89311299.1 1510393 9800.0 11400 254.0 39862.54 39895.12

311292 1510404 9787.5 11400 265.8 40185.49 40217.85311284.8 1510414 9775.0 11400 270.4 39973.05 40004311277.6 1510424 9762.5 11400 292.1 39765.12 39795.21311270.5 1510434 9750.0 11400 294.2 40354.74 40383.32311263.3 1510445 9737.5 11400 296.3 40958.37 40985.78311256.1 1510455 9725.0 11400 296.3 41360.98 41387.87

311249 1510465 9712.5 11400 302.5 41539.34 41567.79311241.8 1510475 9700.0 11400 308.5 41766.65 41797.3311234.6 1510486 9687.5 11400 321.0 41043.26 41075.07311227.4 1510496 9675.0 11400 328.8 41229.02 41261.14311220.3 1510506 9662.5 11400 340.1 41086.97 41120.3311213.1 1510516 9650.0 11400 340.8 40664.39 40699.44311205.9 1510527 9637.5 11400 342.7 40532.86 40568.32311198.8 1510537 9625.0 11400 346.5 40663.5 40697.22311191.6 1510547 9612.5 11400 352.4 40650.32 40679.09311184.4 1510557 9600.0 11400 353.6 40649.64 40676.09311177.3 1510567 9587.5 11400 358.4 40629.93 40661.18311170.1 1510578 9575.0 11400 362.3 40609.97 40642.72311162.9 1510588 9562.5 11400 363.7 40570.97 40594.86311155.8 1510598 9550 11400 363.7 40595.2 40619.68311148.6 1510608 9537.5 11400 363.7 40337.56 40362.85311141.4 1510619 9525 11400 363.7 40535.1 40560.74311134.2 1510629 9512.5 11400 364.0 40547.76 40574.23311127.1 1510639 9500 11400 366.0 40378.48 40404.11311119.9 1510649 9487.5 11400 368.0 40333.98 40360.44311112.7 1510660 9475 11400 370.0 40392.2 40418.58311105.6 1510670 9462.5 11400 368.0 40369.51 40396.54311098.4 1510680 9450 11400 366.0 40317.13 40344.28311091.2 1510690 9437.5 11400 364.0 40124.91 40152.55311084.1 1510701 9425 11400 362.0 40424.11 40451.8311076.9 1510711 9412.5 11400 363.7 41600.74 41628.79311069.7 1510721 9400 11400 363.7 42555.71 42582.65311062.5 1510731 9387.5 11400 363.7 41938.95 41964.37

311055.4 1510742 9375 11400 358.0 41609.5 41634.29311048.2 1510752 9362.5 11400 352.3 41522.42 41547.28

311041 1510762 9350 11400 346.5 41047.62 41072.66311033.9 1510772 9337.5 11400 340.8 41258.04 41283.44311026.7 1510782 9325 11400 335.1 41012.17 41038.05311019.5 1510793 9312.5 11400 329.4 40479.46 40505.47311012.4 1510803 9300 11400 323.6 40382.21 40408.51311005.2 1510813 9287.5 11400 317.9 40573.35 40599.15

310998 1510823 9275 11400 312.2 40704.4 40730.04310990.8 1510834 9262.5 11400 306.5 40928.8 40954.71310983.7 1510844 9250 11400 300.7 40900.79 40927.66310976.5 1510854 9237.5 11400 295.0 40862.07 40889.38310969.3 1510864 9225 11400 289.3 41004.07 41031.73310962.2 1510875 9212.5 11400 283.5 41300.11 41328.35

310955 1510885 9200 11400 277.8 41398.98 41427.32310947.8 1510895 9187.5 11400 272.1 41908.79 41936.93310940.7 1510905 9175 11400 266.4 41612.83 41639.75310933.5 1510916 9162.5 11400 260.6 41186.1 41212.1310926.3 1510926 9150 11400 254.9 40903.22 40927.24310919.2 1510936 9137.5 11400 249.2 40668.29 40692.26

310912 1510946 9125 11400 243.5 41298.4 41322.64310904.8 1510957 9112.5 11400 237.7 40834.65 40857.97310897.6 1510967 9100 11400 232.0 40737.89 40760.04310890.5 1510977 9087.5 11400 226.3 40782.59 40804.01310883.3 1510987 9075 11400 220.5 40948.51 40969.43310876.1 1510998 9062.5 11400 214.8 41299.54 41319.23

310869 1511008 9050 11400 209.1 41481.96 41500.6310861.8 1511018 9037.5 11400 203.4 41287.71 41305.96310854.6 1511028 9025 11400 197.6 41322.76 41340.67310847.5 1511038 9012.5 11400 191.9 41479.32 41496.96310840.3 1511049 9000 11400 186.2 41385.81 41403.6310094.4 1509561 9889 9917 189.0 40917.09 40914.96310094.4 1509569 9881 9917 182.0 40828.02 40825.64310094.4 1509576 9865 9922 177.0 41057.44 41056.08310094.4 1509584 9857 9933 173.0 41185.52 41184.82310094.4 1509591 9848 9937 166.0 41041.15 41040.49310094.4 1509599 9840 9942 160.0 41013.02 41012.3310094.4 1509606 9831 9946 158.0 40803.12 40802.32310094.4 1509614 9821 9950 155.0 40637.99 40636.82310094.4 1509621 9807.5 9958 151.0 40703.38 40702.1310094.4 1509629 9792 9966 147.0 40835.03 40833.08310094.4 1509636 9780 9972 142.0 40845.07 40841.49310094.4 1509644 9768 9978 137.0 40792.54 40788.64310094.4 1509651 9746 9987 134.0 40825.74 40820.61310094.4 1509659 9724 9996 132.0 40707.49 40702.67310094.4 1509666 9712 9998 130.0 40944.69 40939.58

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GROUND ELEVATION Contour Interval 20 m

Scale 1:15 000

400

metres

6002000

Figure 4

Buried magnetic intrusiveor magnetite-rich alteration zone.

))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))) Near-surface, magnetite-richalteration zone.

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GROUND MAG CONTOURS Contour Interval 200 nT

Scale 1:15 000

400

metres

6002000

Figure 3

Buried magnetic intrusiveor magnetite-rich alteration zone.

))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))) Near-surface, magnetite-richalteration zone.

40 800

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Tota

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ld M

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tics

(nT)

40 400

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Colour Bar Scale

39 800

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82

APPENDIX 3

DRILLHOLE SUMMARY LOGS

DDH no. LB 14 Coordinates(grid): 10,190N/10,100E Elevation: 152 asl Azimuth: 0 Inclination: Vertical Total depth: 74.60m DH date started: 14-Oct-03 DH date Completed: 24-Oct-03

SUMMARY LITHOLOGY LOG 0.00 9.50 COLLUVIAL COVER (7.60m) Mixture of brownish - buff soil and fragments of quartz- pyrite and

quartz- clay altered patchy hematitic weathered andesite. Includes 1.90m clastic breccia from 7.60- 9.50m consisting of pebble to cobble size clay- quartz replaced andesite and subordinate quartz- barite- pyrite- clay altered clasts set in clastic plus broken silicified fragments.

9.50 11.55 QUARTZ- BARITE ± SULPHIDE BRECCIA (2.0m)

Light gray broken quartz- barite sulphide breccia, dominantly opaline silica matrix, moderately vuggy with vugs grown on by crystalline barite. Dark gray quartz- sulphide in amoebic infusion in the matrix and as stringers with associated very fine pyrite crystals. Hematite along micro- fractures and in vugs. Pyrite (1-2 %) dissemination.

11.55 27.80 ALTERED ANDESITE (16.25m)

Moderately weathered clay- chlorite± pyrite± magnetite altered medium grained andesite. Soft and crumbly due to weathering and clay replacement. Fragmentally brecciated at upper level with 3-5 cm quartz- pyrite± barite fragments in two occasions at 12.0m and 12.25m depth. Some clasts are hematitic so with the matrix. Rare <<1 volume % pyrite in sporadic dissemination.

27.80 29.20 PYRITIC FAULT BRECCIA (1.40m)

Soft light bluish gray with included angular to subrounded fragments of weathered propylitized andesite. Pyrite (±10 vol %) in very fine crystal dissemination. Strongly hematitic from 27.80- 28.50m. Irregular boundaries on both ends.

29.20 30.50 PROPYLTIZED ANDESITE (1.30m)

Light greenish gray, chlorite- calcite- pyrite- magnetite- clay altered. Relatively denser core stringered by criscrossing hairline to mm size calcite, bladed calcite in some open spaces/ fractures. Very fine, 5- 10 volume % pyrite disseminated in the rock mass. Magnetite replace hornblend and as speck diss.

30.50 37.00 CLAY- PYRITE ALTERED ZONE (6.50m)

Soft sticky intense clay- pyrite replacement revealing shearing (slickensided surface) in places. Strong pyrite 10-15 vol % in very fine dissemination commonly prominent along slickenside surfaces. Minimal clasts of weathered propylitized andesite along with locally occurring white clay (kaoline) total clasts replacement. Partly hematitic in localized portion.

37.00 42.50 HYDROBRECCIATED ALTERED ANDESITE (5.50m)

Light greenish gray. Propylitized with predominating chlorite- clay- pyrite replacement in most clasts and within the matrix. Segregated sections (37.40- 37.80m, 40.30- 40.50m and 41.00- 41.20m) show gray to white quartz- barite ± sulphide (pyrite ± chalcopyrite) vein breccias and stringers bordered by thin layer of sulphide (py) cutting almost along TCA of the propylitized andesite host rock. Base metal (sphalerite) stringers (±1mm size) noted at 40.00m depth. Pinching and swelling is manifested by the veinlets.

42.50 47.40 QUARTZ- PYRITE± CHLORITE- CLAY BRECCIA (4.90M)

Medium gray to patchy greenish gray with clasts consisting of granule to cobble size quartz- pyrite- chlorite- hematite altered andesite and locally predominating quartz- barite± rare sulphides fragments at 42.50- 43.85m and 46.70- 47.40m. Hematite rimmed some clasts to appreciably occur along micro- minute fractures and usually as replacement to hornblende. Fine to coarse crystalline pyrite( 5- 10 vol %) randomly disseminated in the matrix and clasts.

47.40 59.45 QUARTZ- BARITE ± SULPHIDE HYDROTHERMAL BRECCIA (12.05m)

Light- medium gray to white, matrix supported breccia with opalline to chalcedonic quartz plus associated fine barite matrix. Generally vuggy with vugs grown on by tabular crystals of barite. Dark gray sulphides in irregular concentrations in places. Unsilicified clasts/sections are wholly altered to white clay (kaolin). In segregated sections, clay replacement appears in wormy texture.

59.45 61.15 QUARTZ- PYRITE- CLAY ALTERED ANDESITE (1.70m)

Dark gray to medium gray, selectively pervasive silica- pyrite matrix replacement, feldspar phenocrysts wholly altered to clay. Occasional quartz- barite ± pyrite veins. Fine pyrite (10-20 vol %) matrix dissemination. Minimal jarosite with patchy limonite near bottom. No

core recovery from 60.35- 61.15m only sludge collected.

61.15 61.55 PERVASIVE QUARTZ- PYRITE- MINOR BARITE REPLACEMENT (0.40m)

Pervasive silica pyrite plus minor barite replacement with rare chalcopyrite that coalesce with very fine pyrite bands; vuggy in few parts with minimal crystalline barite grown-on. Original texture obscured by the silica pyrite replacement.

61.55

65.20

QUARTZ- CLAY- PYRITE ALTERED ZONE (3.65m)

Brecciated quartz- clay- pyrite altered zone, chlorite and jarosite prominent in parts, clay as matrix replacement. Pyritic (± 10 vol % pyrite) strongly silicified clasts occur in granule to cobble angular size. Pyrite also as veinlets and as irregular matrix concentrations. Clayey in between clasts.

65.20 66.10 CLAY- PYRITE- CHLORITE ALTERED ZONE (0.90m)

Light greenish matrix supported breccia altered to clay- pyrite- chlorite with clasts consisting of propylitized andesite, silicified pyritic andesite and hematitic clay- pyrite replaced rock set in argillic matrix. Pyrite at 5 volume % in sporadic dissemination.

66.10

70.50

QUARTZ- PYRITE- CLAY ALTERED ZONE (4.40m)

Light to medium gray pervasive quartz- pyrite- clay replacement in fragmentally brecciated andesite. Argillic to partly gray pyritic matrix, some clasts appear as dark gray pyritic and almost wholly silicified rimmed by fine crystals of pyrite. Chalcopyrite crystals noted in places.

70.50

74.65

PROPYLTIZED ANDESITE (4.15m)

EOH Clay- chlorite- pyrite- calcite altered andesite; chlorite as replacement to feldspars and ferromags, phenocrysts wholly replaced to clay. Pyrite (2-5 volume %) in fine crystal dissemination, irregular clusters and as dark gray fine fracture fill. Appreciable sphalerite noted as few veinlets, Calcite along fracture plane together with very fine sulphides. Minimal calcite in the rockmass.

Nb DDH no. LB 15 Coordinates(grid): 10,190N/10,100E Elevation: 152 asl Azimuth: 145° Inclination: - 45° Total depth: 41.50m DH date started: 26-Oct-03 DH date Completed: 02-Nov-03

SUMMARY LITHOLOGY LOG 0.00 5.95 COLLUVIAL COVER (5.95m)

Mixture of brownish - buff soil and weathered fragments of silica - clay

altered patchy hematitic weathered andesite. Some granule to pebble size clay- quartz replaced andesite and subordinate quartz- barite- pyrite- clay altered fragments noted near bottom.

5.95 6.50 MIXED QUARTZ- PYRITE AND QUARTZ- BARITE REPLACEMENT BRECCIA (0.55m)

Intermingled broken light gray quartz- barite and medium gray quartz- pyrite replaced rock; dominantly opaline silica matrix replacement, slightly vuggy with vugs grown on by crystalline barite. Dark gray quartz- sulphide in amoebic infusion in the matrix and as stringers with associated very fine pyrite crystals.

6.50 11.50 ALTERED ANDESITE (5m)

Moderately weathered hematitic clay- calcite- chlorite± pyrite altered medium grained andesite. Soft and crumbly due to weathering and clay replacement. Hydrofractured with calcite along fracture planes; Rare <<1 volume % pyrite in sporadic dissemination.

11.50 15.10 CLAY- PYRITE- SILICA ALTERED ZONE (3.60m)

Bleached to medium gray; hydrofractured, soft clayey with subordinate calcite along fractures. Calcite- quartz veinlets in some slightly silicified sections; hematitic in places. Sporadic 1-2 volume % pyrite in very fine crystals.

15.10 16.90 QUARTZ- PYRITE± CLAY ALTERED ZONE (1.80m)

Medium gray to patchy light gray with clasts consisting of granule to pebble size gray quartz- sulphide (pyrite) replaced andesite. One section shows high concentration of pyrite at 15- 20 volume % rendering the core to be brittle and crumbly. Fine to coarse crystalline pyrite (5- 10 volume %) randomly disseminated in the matrix and clasts.


Light- medium gray to white; matrix supported breccia with opaline to chalcedonic quartz matrix. Sulphides (pyrite) at 10- 15 volume % prominent along gray quartz replaced zones which appear as amoebic infusion in the matrix. Minimal vugs grown-on by tiny crystals of barite.

18.50 20.40 FAULT BRECCIA (1.90m)

Bleached to bluish gray; matrix supported, strongly gougy with broken few silicified pyritic andesite and minimal quartz- barite replaced fragments. Pyrite (10- 15%) in very fine pyrite crystal dissemination in the matrix; slickensided at 55° - 60° TCA indicating oblique- normal faulting.

20.40 23.40 QUARTZ- PYRITE- CLAY REPLACEMENT (3.00m)

Dark gray to medium gray, selectively pervasive silica- pyrite matrix replacement, Occasional quartz ± pyrite replacement veinlets/ stringers, patchy argillic, fine pyrite (10-20 volume %) matrix dissemination.


Light- medium gray to white, matrix supported breccia with opaline to chalcedonic quartz matrix. Vuggy with prominent tabular barite crystals lined by fine sulphides along open spaces. Gray quartz- sulphide as selvages to some vugs and pyritic strongly silica replaced clasts. Patchy clay replacement to some clasts.

31.60 38.20 QUARTZ- PYRITE ALTERED ANDESITE (6.60m)

Dark gray to medium gray, pervasive silica- pyrite rockmass replacement with minor patchy selective clay replacement to some feldspar, others masked by silica. Occasional gray quartz- sulphides veins/veinlets showing vugs grown-on by tiny prismatic crystals of quartz. Fine pyrite (10 volume %) rockmass dissemination.

38.20 41.50 PROPYLTIZED ANDESITE (3.30m)

DDH no. LB 16 Coordinates(grid): 10,190N/10,100E Elevation: 152 asl Azimuth: 325° Inclination: - 78° Total depth: 111.25m DH date started: 03-Nov-03 DH date Completed: 12-Nov-03

SUMMARY LITHOLOGY LOG

0.00 15.60 COLLUVIAL COVER (15.60m) Mixture of brownish - buff soil and weathered granule to pebble

size fragments of propylitized to weakly silicified: silica - clay altered patchy hematitic andesite. Muddy in places.

15.60 16.70 MIXED QUARTZ- PYRITE AND QUARTZ- BARITE REPLACEMENT BRECCIA (1.10m)

Intermixed broken light gray quartz- barite and medium gray quartz- pyrite replaced rock ; dominantly opaline silica matrix replacement, slightly vuggy with vugs grown on by crystalline barite.

16.70 32.60 WEATHERED PROPYLITIZED ANDESITE (15.90m) Moderately weathered hematitic clay- calcite- chlorite± pyrite

altered medium grained andesite. Soft and crumbly in parts, minimal hematite stringers at upper level to strongly hematitic near bottom. Rare pyrite crystals in sporadic dissemination. Faint epidote, prominent chlorite. Prominently calcite stringered and hydrofractured with clayey matrix, partly hematitic from 25.90- 32.60m. Sheared at 27.60- 27.80m at 70- 80° TCA.

32.60 40.00 FAULT BRECCIA (7.40m) Gray, matrix supported, strongly gougy, pyritic (± 10%) in very

fine crystal dissemination in the matrix. Grits of dull white kaoline replacement fragments noted at 32.60- 33.70m. Patchy hematitic, pyritic andesite clasts prominent, very weak calcite. Fault angled at 45° TCA at 38.00 m depth.

40.00 54.20 PROPYLITIZED ANDESITE (14.20m)

Brownish gray to patchy light gray; texturally brecciated due to varying degree of alteration, hematitic. Chlorite- calcite- pyrite± magnetite- clay replacement. Partly weathered, hydrofractured with moderate clay plus calcite along fracture planes. Minimal pyrite, magnetite.

54.20 57.30 FAULT BRECCIA (3.10m)

Reddish brown to light gray, pyrite (3%) in very fine crystal dissemination within the clayey to gougy light gray matrix. Pebble size clasts of clay- pyrite- silica altered bleached to propylitized weathered andesite.

57.30 58.40 QUARTZ- PYRITE- SULPHIDE BRECCIA (1.10m)

Bleached to medium gray. Grayish clasts due to gray quartz replacement with appreciable fine pyrite + sulphide mineralization, while, some clasts are bleached due to clay- silica replacement with subordinate disseminated pyrite. Clayey due to dominating argillic matrix. Gougy in places due to minor faulting.


Greenish gray propylitic andesite; chlorite- clay- pyrite altered; hematite along fracture planes; in-faulted at 58.90m trending 20° TCA. Minimal pyrite, weak magnetite. * Gray quartz- pyrite replacement contact at 59.60m to 59.85m depth (0.25m).

59.85 61.40 WHITE QUARTZ VEIN - BARITE ± PYRITE (1.55m)

White to bleached, fine grained quartz vein with quartz- barite- sulphide at upper and near lower contacts. No sulphides with in the massive white quartz vein. Local hematite banding in places, few vugs grown-on by saccharoidal quartz.

61.40 63.00 CLAY- PYRITE REPLACEMENT (1.60m) Generally greenish gray due to chlorite- smectite with patchy

reddish tinge from amoebic hematite infusion within the rock mass. Partly bleached with hairline stringers of fine grained quartz- barite (5 stringers/m). Minimal pyrite dissemination.

63.00 65.00 QUARTZ- PYRITE ± BARITE REPLACEMENT(2.00m) Medium gray with broken crystalline quartz + barite veins/

veinlets prominently noted from 63.00- 63.60m. 1-2 cm crystalline quartz- barite vein lined by gray quartz - sulphide on selvages, trending 70° TCA at 64.70m. Hematitic with minimal jasper bands. Brittle clay- silica fills in some fractures.

65.00 67.90 QUARTZ- PYRITE - CLAY ALTERED ZONE (2.90m) Medium gray to bleached, partly brecciated, clayey in between

clasts; 2-3 cm hematitic opalline quartz + barite vein at 67.00m depth; very fine pyrite (±2%) sporadically disseminated in the matrix and clasts. Clots of magnetite with rare localized chalcopyrite (<<1%). Hematite in rare minute fractures.

67.90 75.30 PROPYLITIZED- ARGILLIC ANDESITE (7.40m) Medium gray, propylitic to partly argillic hydro-brecciated

andesite. Calcite ± quartz hairline to mm size crisscrossing lenses/ stringers common in solid core. Thin calcite also along fracture planes together with localized hematite in places. Brittle quartz- calcite veinlet at 71.00m. Nil pyrite, minimal quartz± barite hairline stringers in few locations.

75.30 81.00 CLAY- PYRITE- QUARTZ BRECCIA (5.70m) Gray to patchy bleached clasts in greenish gray to bleached

matrix. Clasts consist of propylitized and quartz- pyrite altered andesite embedded in clayey to somewhat gougy matrix with very fine pyrite dissemination.

81.00 82.90 QUARTZ - PYRITE- BARITE BRECCIA(1.90m) Strongly broken, gray chalcedonic- opalline quartz with minimal

sulphide mineralization; matrix supported, dominantly argillic/ clayey in parts.

82.90 84.80 CLAY- PYRITE- QUARTZ BRECCIA (1.90m)

Gray to patchy bleached clasts in greenish gray to bleached matrix. Propylitic and quartz- pyrite altered andesite clasts embedded in clayey to somewhat gougy matrix with very fine pyrite dissemination; Tiny vugs from leached feldspars common at and near bottom.

84.80 88.65 GRAY QUARTZ- SULPHIDE- BARITE BRECCIA (3.85m) Gray to bleached; strongly re- brecciated with clayey- argillic to

gougy matrix embedding broken angular partly vuggy gray quartz- sulphide- pyrite- barite hydrothermal breccia fragments. Local hematite bands rimmed some of the clasts; partly vuggy with crystalline barite infills. Crystals of chalcopyrite noted at 87.75m depth. An isolated quartz- pyrite- hematite replaced zone recorded at 86.60- 87.15m.

88.65 91.30 QUARTZ- PYRITE- CLAY REPLACEMENT BRECCIA (2.65m) Dark gray; brecciated with clasts consisting of silicified

andesite, silica as groundmass infusion with associated very fine disseminated pyrite (2%). Clayey due to dominating clay in between clasts and contains minimal fine pyrite crystals. Jarosite appreciably noted in places due to oxidized pyrite. Minimal hematite with isolated magnetite clots. Faulted upper contact trending at 30° TCA.

91.30 92.30 QUARTZ- BARITE- SULPHIDE BRECCIA (1.00m) Generally bleached with white to gray quartz replacement;

Pyrite in few larger crystals to commonly fine, plus minor individually occurring chalcopyrite grains within the clayey matrix. Crystalline barite interlocked with the opalline- fine grained quartz. Dominantly clayey- argillic matrix.

92.30 93.30 QUARTZ- PYRITE- CLAY BRECCIA (1.00m) Dark - medium gray; broken, clasts dominated, greenish gray

matrix containing minimal pyrite; moderately- weakly silicified clasts, local hematite stains.

93.30 97.35 GRAY QUARTZ- SULPHIDE- BARITE BRECCIA (4.05m) Light to medium gray quartz- sulphide- barite hydrothermal

breccia as clasts set in bleached clayey matrix. Hematite bands occasionally noted, chalcopyrite grains observed in some clasts at 94.25- 95.05m depth interval. Strongly brecciated, of which, clasts consisting of silicified and hematitized rock occur in granule to pebble size from 96.40m to bottom. Pyrite in appreciable dissemination within the matrix.

97.35 99.30 QUARTZ- PYRITE- CLAY REPLACEMENT (1.95m) Light gray, weak to moderately silicified, sulphidic with localized

jarosite staining. Faulted in 97.40m at 45° TCA with associated pyritic (± 5 pyrite) gouge. Localized faint epidote on fractures, crumbly in places due to intense fracturing/ brecciation.

99.30 111.20 PROPYLITIZED ANDESITE (11.90m) EOH Greenish gray containing occasional calcite stringers. Chlorite-

magnetite- calcite- pyrite- clay altered; intermittently faulted; pyrite (<1%) in fine crystal dissemination. Locally brecciated with clay ± pyrite matrix replacement. Magnetite in sporadic dissemination, ferromag replacement to individually occurring as clots.

DDH no : DDH- LB 17 Coordinates(grid) : 10,200N/10,000E Elevation : 148 asl Azimuth : 145° Inclination : - 80° Date started : 15-Nov-03 Date completed : 23-Nov-03 Total depth : 57.00m

SUMMARY LITHOLOGY LOG 0.00 17.60 COLLUVIAL COVER (17.60m)

Brownish gray to buff; mixture of soil and propylitized to weakly

silicified fragments of patchy hematitic weathered andesite. Clasts in granule to pebble size, clay- quartz replaced andesite and few quartz- barite- pyrite- clay altered fragments noted.

17.60 30.00 WEATHERED BRECCIATED QUATERNARY VOLCANICS (12.40m)

Brownish- maroon, andesite in composition; strong hematite tinge. Propylitized to dominantly argillic causing core to be muddy; brecciated at near bottom with clayey matrix embedding propylitized andesite and some clay- quartz± pyrite altered rock.

30.00 31.20 FAULT BRECCIA (1.20m)

Brownish gray to reddish brown due to hematite staining. Strongly argillic to gougy showing strong evidence of shearing. 50° and 40° TCA at upper and lower contact, respectively. 1-2% sporadic pyrite dissemination in the matrix. Clasts consist of weakly silicified to propylitized andesite; stronger pyrite concentrations in bleached argillic sections.

31.20 33.50 ALTERED WEATHERED ANDESITE (2.3m)

Medium gray; altered to clay with subordinate magnetite, chlorite and rare pyrite; broken core, crumbly in parts due to strong weathering. Hydrofractured; weak pyrite (< 1%).

33.50 35.00 FAULT BRECCIA (1.5m)

Brownish maroon to buff; strongly clayey to gougy; shearing at 40° TCA; strong hematite, locally bleached as bands; minimal sporadic tiny pyrite (1%); clasts consist of propylitic weathered andesite fragments.

35.00 36.20 QUARTZ- PYRITE ± CLAY REPLACEMENT (1.20m) Medium gray; fragmented. Argillic at upper contact with few clasts

of propylitized andesite. Where silicified, strong infusion of gray silica in the rock mass with minimal fine pyrite crystal association. Locally argillic in places.

36.20 44.50 QUARTZ- BARITE- SULPHIDE BRECCIA ( 8.30m)

White, light to medium gray showing breccia texture similar as that of LB- 14. Hydrothermal breccia with gray opaline quartz as rock mass replacement with subordinate dark sulphides in irregular bands to somewhat amoebic concentrations and as reaction rims to some clasts. White well pronounced crystalline barite interlocked with white fine to coarse crystalline quartz occurring as fill on late phase open spaces. Usually render very poor core recovery to almost total lost core.

44.50 47.40 GRAY QUARTZ- SULPHIDE- BARITE BRECCIA (2.9m) Dark to medium gray, chalcedonic gray quartz as matrix infusion

and veinings with associated subordinate barite. Gray silica replacement to matrix post date 1st stage brecciation with accompanying fine sulfides as sporadic dissemination and/ or as reaction rim to some clasts. 2nd stage brecciation brought forth the deposition of very fine sulfides > quartz with minimal hematite in places. Sulfides as vug fills and in irregular concentrations. 3rd stage is the occurrence of dark sulfides (py>>cpy) + quartz veinings. A 6 cm sulfidic chalcedonic quartz vein containing pyrite (10%) and chalcopyrite (1%) with clots of white clay (kao/ smec?)

occur at 44.90m depth. The vein trends 20° TCA. Minimal barite also noted along fracture planes. Suspected chalcocite and marcasite noted in places. Specks of chalcopyrite prominent at 46.50m depth.

47.40 50.70 BRECCIATED QUARTZ- PYRITE- CLAY- CHLORITE ALTERED ANDESITE (3.3m)

Matrix supported with clasts consisting of chlorite- clay- pyrite altered andesite set in gray quartz replacement matrix with accompanying very fine sulfides (2%). (matrix alteration shld also be check for possible 2ndary biotite). Re- fracturing develops gray quartz + more sulfides (pyrite> cpy) veins and veinlets. Very fine sulfides in small clusters/ clots within the matrix. Deposition of basemetals (sphalerite> galena> chalcopyrite) along fractures could be contemporaneous with this later event. Sphalerite are prominently recognized with subordinate galena and minimal chalcopyrite. Chalcopyrite as individual grains and in association with other basemetals and pyrite.

50.70 57.00 BRECCIATED ALTERED ANDESITE (6.3m) Medium gray to greenish gray re-brecciated medium grained

andesite. Initial alteration is chlorite- silica- pyrite which was cut by later very fine sulfides+ quartz replacement veinlets/ vein. Re- fracturing (3rd stage brecciation) deposits clay (smectite)>> magnetite, chlorite? as matrix, and quartz- clay veins/veinlets bordered by very fine sulfides( dominantly pyrite) along selvages. This later stage also brought forth the deposition of basemetals that prominently noted along fracture planes. Sphalerite ranges from dominating colorless & resinous to medium dark (Fe-rich) variety. Chalcopyrite occur side by side with the pyrite and/ or as inclusions to sphalerite and galena crystals. Basemetals (sphalerite> galena> cpy) increases towards bottom. Crystalline calcite noted in one fracture plane at 51.50m. Strong clay/argillic (smectite + illite?) as cementing matrix from 52.80m- 54.40m and 55.40m to 57.00m. Brecciated dark gray vuggy quartz- sulfide vein cemented by smectite as matrix noted at 55.60m- 57.00m depth. Blebs of chalcopyrite noted within the section.

DDH no. LB 18 Coordinates(grid): 10,200N/10,000E Elevation: 148 asl Azimuth: 145° Inclination: - 45° Total depth: 35.10m DH date started: Nov. 24, 2003 DH date Completed: Dec.2, 2003

SUMMARY LITHOLOGIC LOG

0 6.3 COLLUVIUM MATERIAL (6.30m)

Brownish mixture of soil and rock fragments consisting of propylitized to unaltered andesitic rock and few fragments of quartz- barite ± sulfide breccia from 2.40- 3.30m.

6.30 11.20 CLAY- PYRITE REPLACEMENT (4.90m) Bleached, moderately soft, brecciated, medium grained. Clay- pyrite

altered with gray quartz- pyrite selective rock mass infusion. Clasts supported with pyritic (pyrite- 20%)- clayey matrix. Discrete pyrite also in sporadic dissemination within the clast.

11.20 12.80 FAULT BRECCIA (1.60m) Strongly gougy- argillic, soft- friable, bleached. Very fine pyrite (5-

10%) in dissemination. Broken fragments include clay- pyrite altered and few quartz- pyrite replaced rock.

12.80 14.00 CLAY- PYRITE REPLACEMENT (1.2m) Bleached, clay- pyrite altered zone, fragmented with clasts consisting of

clay- quartz- pyrite altered and argillic (clay>> pyrite) replaced andesitic rock. Soft due to argillization with very fine pyrite (10- 15%) discrete grain dissemination.

14.00 14.65 FAULT BRECCIA (0.65m) Strongly gougy- argillic, slickensided (10° TCA). Pyrite (5%) in

sporadic dissemination in the matrix. Few hematitic fragments noted.

14.65 21.10 CLAY- PYRITE REPLACEMENT ZONE (6.45m) Bleached to light gray, partly brecciated, soft, friable. Very fine pyrite

(10-15%) as discrete sporadic grains to locally in clusters. Few quartz- pyrite- clay replaced fragments noted near bottom showing very weak hematite in the rock matrix. Very weak calcite within the rock mass and in some fracture planes. Lower contact at 70° TCA.

21.10 27.10 QUARTZ- BARITE- SULPHIDE BRECCIA (6.00m)

Light gray to gray hydrothermal breccia, matrix is sulfidic (20 volume %tage) resulting to its medium to dark gray hue; with small crystals of barite along fractures and open spaces. Rock is broken with substantial poor core recovery. Three stages of replacement noted. Initial stage includes brecciation of the host rock andesite with accompanying clay- quartz± pyrite alteration; followed by the infusion of gray quartz ± barite+ sulphides (fine pyrite + suspected fine chalcopyrite) which occur as minute fracture fill, stringers, veins and as rim to some clasts. The 3rd stage includes the emplacement of opalin- chalcedonic quartz with associated crystalline platy barite and minimal sulphides.

27.10 32.10 QUARTZ- PYRITE± CLAY REPLACEMENT (5m) Medium gray, hydrofractured. Very fine sulphides as gray

bands/veinlets which are prominently noted at the upper level (27.60 - 28.50m) to occasionally occur in other parts with accompanying grains of chalcopyrite. Quartz- barite occur as crisscrossing veinlets and stringers cutting earlier quartz- sulphide veinlets. Appreciable galena- sphalerite crystals noted along fracture planes that at times coalesces with fine pyrite and few with inclusions of chalcopyrite. Also clayey along fracture planes.

32.10 35.10 PATCHY SILICIFIED PROPYLITIZED ANDESITE (3m) EOH Gray to light gray with chlorite- hematite- pyrite- magnetite- calcite

alteration. Patchy narrow zone of quartz- sulphide replacement zone with accompanying basemetals noted at the bottom. Calcite as hairline stringers to localized along some fractures. Pyrite (2%) in sporadic dissemination.

DDH no : DDH- 19 Coordinates(grid) : 10200N/ 10014E Elevation : 153.81m asl Azimuth : 145° Inclination : 45° Date started : 3-Dec-03 Date completed : 8-Dec-03


0.00 4.00 COLLUVIAL COVER (4.00m) Mixture of reddish to brownish - buff soil and granule to

pebble size fragments of propylitized weakly weathered andesite. Muddy in places.

4.00 15.30 WEATHERED PROPYLITIZED ANDESITE (11.30m) Moderately weathered hematitic clay- calcite- chlorite±

pyrite altered medium grained andesite. Soft and crumbly in parts. Rare pyrite crystals in sporadic dissemination. Hydrofractured with clayey matrix.

15.30 18.00 PATCHY SULPHIDIC CLAY- PYRITE REPLACEMENT (2.70m)

Light to medium gray; sulphides in appreciable crystalline dissemination within the rock mass to highly concentrated (± 30%) in few locations. Dark sulphide as bands and fracture fill; partly limonitic, strong clay at 16.40m.

18.00 18.70 FAULT BRECCIA (0.70m)

Gray to dark gray, clayey to gougy with fragments of clay- pyrite altered rock. Weak silicification in some clasts; pyrite (5-10%) in sporadic dissemination within the matrix and clasts.

18.70 21.00 QUARTZ- BARITE- SULPHIDE BRECCIA (2.30m)

Light to medium gray. Grayish matrix due to gray quartz with strong fine pyrite + sulphide mineralization. Dull white fine to crystalline barite interlocked with quartz on open spaces bordered by gray fine sulphide bands. Sulphides also occur as veinlets and stringers with rare associated chalcopyrite. Clayey to somewhat gougy near upper contact. Fault bounded at the lower and upper contacts. Generally render poor to moderate recovery.

21.00 21.70 FAULT BRECCIA (0.70m) Slickensided gougy zone trending 30° TCA in one plane

and 70° in another plane. Few broken fragments of quartz- sulphide- barite breccia and quartz- pyrite- clay altered clasts with minimal fine pyrite dissemination within the fragments and matrix.

21.70 22.35 CLAY - PYRITE REPLACEMENT (0.65m) Fractured at 10° TCA. Medium gray, friable with

appreciable pyrite dissemination.

22.35 33.80 PATCHY CLAY- PYRITE REPLACED PROPYLITIZED ANDESITE (11.45m)

EOH Gray, generally propylitized with occasional clay- pyrite replacement as noted in few narrow locations; dark gray sulphides (dominantly pyrite) as bands/ veinlets and sporadic dissemination throughout the section. Calcite prominently occurs as veinlets, stringers and as discrete crystals in few fracture planes. Strong fine pyrite (± 30%) occurs at 23.00 to 23.40m with rare associated faint malachite staining.

DDH no. DDH- 20 Coordinates(grid): 10185N/10042E Elevation: 165.83 asl Azimuth: 145° Inclination: 75° Date started: 9-Dec-03 Date completed 16-Dec-03

FROM TO SUMMARY LITHOLOGIC LOG

0.00 3.50 COLLUVIAL COVER (3.50m)

Mixture of reddish to brownish - buff soil and granule to pebble size fragments of propylitized weakly weathered andesite..

3.50 6.40 WEATHERED PROPYLITIZED ANDESITE (2.90m) Moderately weathered hematitic clay- calcite- ± pyrite altered

medium grained andesite. Soft and crumbly in parts. Rare pyrite crystals in sporadic dissemination.

6.40 7.70 CLAY-QUARTZ-BARITE-SULPHIDE REPLACEMENT BRECCIA (1.30m)

Light brown to buff color clay w/ fragments of Quartz-barite-sulphide breccia.

7.70 11.00 QUARTZ-BARITE-SULPHIDE BRECCIA (3.30m) Light to medium gray more of chalcedonic quartz; with strong

white clay and highly oxidized pyrite + sulphide veinlets.

11.00 17.20 QUARTZ- BARITE- SULPHIDE BRECCIA (6.20m) Light to medium gray. Grayish matrix due to gray quartz with

strong fine pyrite + sulphide mineralization (15% Py). Dull white fine to crystalline barite interlocked with quartz on open spaces bordered by gray fine sulphide bands. Sulphides also occur as veinlets and stringers.

17.20 17.70 FAULT BRECCIA (0.50m) Light to medium gray. Fault gauge with fragments of quartz –

barite-sulphide-breccia replacement andesite.

17.70 23.00 CLAY-QUARTZ-SULPHIDE-BRECCIA (5.30 m) Light to medium gray quartz with highly oxidized vugs, stringers

and veinlets of ± pyrite + sulphide. Clay minerals are with reddish stains

23.00 28.40 QUARTZ-BARITE-SULPHIDE-BRECCIA (5.40m) Light gray chalcedonic quartz interlocked with barite crystals in a

fine highly silicified andesite . ±15% py + sulphides along veinlets , stringers and vugs of quartz-barite replacement.With minor white clay minerals.

28.40 29.00 QUARTZ-PYRITE-ALTERED ANDESITE (0.60m) Quartz- pyrite altered fine grained andesite; medium gray, patchy

chlorite in places, very fine py(5%) in sporadic dissemination within the rock mas and as thin veinlets in places.

26.00 30.50 PROPYLITIZED ANDESITE (1.50m) EOH Chlorite- pyrite- clay- calcite altered andesite, greenish gray,

unsilicified, few specks of magnetite, calcite as thin fracture fills.

DDH no. : LB - 21 Coordinates(grid) : 10,200N/9970E Elevation : 143.0asl Azimuth : - Inclination : 90° DH date started : 8-Jan-04 DH date finished : 23-Jan-04 Total depth : 109.50m


0.00 29.80 QUATERNARY VOLCANICS (29.80m) Gray, tinted maroon, massive- moderately fractured, fresh rock with feldspars

showing fresh surfaces, strong hematite on matrix, magnetite sporadically distributed in specks and clots. Minimal hornblende crystals rimmed by hematite. Mylonitic? at lower contact. Sheared argillic near bottom. Lower contact at 45° TCA.

29.80 58.90 HYDROFRACTURED HORNBLENDE ANDESITE PORPHYRY (29.10m)

Moderately to strongly fractured, brecciated (jigsaw breccia), clasts exhibit varied degree of chlorite, hematite and clay replacement. Calcite prominent along fracture planes and as veinlets in the some locations. Hematite along minute to macro-fractures, infusion within the matrix and as partial replacement to magnetite and hornblende. Lower contact consists of brownish fine grained rock (resembling siltstone rock).

58.90 78.50 POLYMICTIC BRECCIA (19.60m) Pebble to cobble size clasts set in fine matrix consisting of crushed rock materials

probably product of clasts attrition. Hematitic with hem in varying degree as matrix replacement, veinlets, clasts rim and as partial replacement to hornblende and magnetite. Pyrite in minimal sporadic dissemination and rare veinlets. Calcite common in rock mass, as veinlets/stringers to usually rim some clasts.

78.50 87.80 FRACTURED HORNBLENDE ANDESITE PORPHYRY (9.3m)

Light gray, moderately fractured. Relatively fresher rock with feldspars and ferromags partly rimmed by clay and magnetite/ hematite replacements, respectively. Alteration assemblage consists of calcite- magnetite-chlorite-clay ± hematite. Calcite as fractures fill and as stringers, magnetite in specks/clots disseminated sporadically and chlorite- clay as matrix infusions. Rare pyrite crystals.

87.80 89.40 FAULT BRECCIA (1.60m)

Hematitic fault gouge with minimal fragments of weathered to fresh andesite and weak silica ± clay replaced rocks. Very minimal pyrite dissemination.

89.40 93.90 CLAY- PYRITE BRECCIA (4.5m)

Clay (illite/ smectite) as intense replacement to clasts and matrix. Pyrite prominent within the matrix (1-2%) and along fracture surfaces. Clasts consist of massive quartz- sulphide breccia fragments, clay- pyrite altered andesite and few propylitized andesite, set in clayey to rarely gougy fine pyritic matrix. Dark gray very fine sulphide bands occur in few locations within the matrix that manifest possible fluid flow.

93.90 100.70 CLAY- QUARTZ- SULPHIDE BRECCIA (6.80m)

Strongly brecciated core with fragments (clasts) consisting of few quartz- clay- pyrite replaced rock cut by jasperoidal quartz- pyrite veinlets. Generally bleached with strong clay replacement within the matrix and andesitic clasts. Few fragments show rare tiny barite crystals.

100.70 103.40 QUARTZ- BARITE- PYRITE BRECCIA (2.70m)

Light gray, strongly broken core with very poor recovery. Quart- barite breccia intersected at upper and lower contacts with total loss core in between. Minimal sulphides noted within the recovered cores.

103.40 105.00 QUARTZ- CLAY- PYRITE REPLACEMENT (1.60m)

Partly brecciated andesite with quartz- clay- pyrite replacement. Clayey broken core, slightly silicified, few pyrite disseminations with some gray very fine pyrite bands noted. Few vugs within the quartz- pyrite clay altered sections.


EOH Massive to moderately brecciated propylitized andesite veined occasionally by calcite. A ± 3cm quartz± calcite vein trending 30° TCA noted at 106.20m. Moderately brecciated near/ at bottom rendering brittle to crumbly nature of the rock. Rare pyrite.

DDH no : LB-22 Coordinates(grid) : 10217N/ 10000E Elevation : 148.0asl Azimuth : 145° Inclination : -45° DH date started : 25-Jan-04 DH date finished : 29-Jan-04 Total depth : 41.50m


0.00 3.60 COLLUVIUM COVER (3.6m) Soil materials with mixed boulders/ cobbles of andesite and few

silicified rocks. Brownish to buff, muddy near surface.

3.60 7.00 WEATHERED PROPYLITIZED ANDESITE (3.4m) Weathered propylitic. Strongly fractured with hematitic fracture

planes. Generally light gray to buff. Brittle due to weathering.

7.00 23.30 QUARTZ- CLAY- PYRITE REPLACEMENT ZONE (16.3m) Gray, fine to medium grained tuffaceous andesite with quartz- clay-

pyrite replacement. Locally brecciated with xenoliths of coarse grained andesite porphyry. Calcite as thin fractures fill and as rare stringers. Minimal pyrite (<1%) as sporadic dissemination and as rare veinlets. Dark gray very fine sulphides + quartz as sporadic clots/dots.

23.30 24.55 FAULT BRECCIA (1.25m) Bleached, muddy to gougy with fine pyrite dissemination (2%).

Included clasts comprise of white quartz/pyrite breccia, gray quartz/pyrite breccia, and few silicified hematitic andesite fragments. Matrix supported.

24.55 26.10 SHEAR ZONE WITH BROKEN QUARTZ- BARITE- PYRITE BRECCIA (1.55m)

Bleached, strongly clayey shear zone with included fragments showing quartz-pyrite-clay, clay-pyrite, and quartz-barite-pyrite replacements. Clasts supported. Gray sulphides as bands in some silicified fragments. Rare pyrite sporadic.

26.10 26.45 FAULT BRECCIA (0.35m)

Clayey, broken clay-silica fragments set in argillic matrix. Few clasts show weak silicification with very minimal pyrite occurrences.

26.45 32.65 QUARTZ- CLAY± PYRITE ALTERED ANDESITE (6.2m) Gray, massive, slightly fractured. Minimal pyrite (1-2%) as stringers

and dissemination. Clay- quartz as moderate matrix infusion in parts, and as moderate rock mass replacement. Calcite in few fracture planes.


EOH Gray to greenish gray propylitized andesite with chlorite- calcite- pyrite± magnetite replacements. Chlorite prominent along fractures. Calcite as crisscrossing veinlets and as thin fracture fills. Minimal pyrite crystals. Massive, slightly fractured.

DDH no. : LB-23 Coordinates(grid) : 10217N/ 10000E Collar Elevation: : 148.0asl Azimuth: : - Inclination: : 90° DH date started: : 29-Jan-04 DH date finished: : 3-Feb-04 Total depth : 56.60m


0.00 3.00m COLLUVIUM COVER (3.0m)

Soil materials with mixed boulders/ cobbles of andesite and few silicified rocks. Brownish to buff, muddy near surface.

3.00 12.60m WEATHERED ANDESITE (9.60m)

Slightly to moderately weathered andesite, fractured, weak silicification in few parts, limonitic to partly hematitic specially along fractures and near bottom. Very fine pyrite in very minimal rockmass dissemination.

12.60 14.50m HEMATITIC CLAY- PYRITE ALTERED ZONE (1.90m)

Reddish brown, strongly oxidized (hematite- limonite), brecciated, brittle, gougy pyritic contact on both ends. Bands of dark sulphides noted in places.

14.50 15.50m FAULT BRECCIA WITH QUARTZ- BARITE- PYRITE FRAGMENTS(1.0m)

Bleached, matrix supported, slightly- moderately oxidized. Clasts consist of granule to cobble size quartz- barite- pyrite breccia set in fine gougy matrix that contains minor pyrite (<1%) dissemination. Some clasts are with complete limonite- hematite replacement. Dark sulphide bands noted in some of the fragments.

15.50 25.35m POLYMICTIC BRECCIA (9.85m)

Dark brownish gray with bleaching and oxidation near bottom. Matrix supported (about 70% matrix), clasts are only minimal consisting of silica veined quartz- clay- pyrite replaced rock, granule size silica vein materials, and altered/ oxidized andesite fragments. Localized hydrofractured clay altered medium grained andesite noted at 22.30 to 23.50m and 24.4 to 25.30m. Generally soft to very soft. Rare pyrite in the matrix.

25.35 32.00m POLYMICTIC BRECCIA (6.65m)

Reddish brown to buff, strongly brecciated, clasts supported with few weakly silicified andesite clasts veined at times by quartz- pyrite- clay. Crumbly in most part due to weathering and oxidation with common limonite/ hematite and isolated dark shades of manganese (?). Minimal pyrite in dissemination.

32.00 36.00m FAULT BRECCIA (4.0m) Medium gray, matrix supported with about ± 5 vol % pyrite in

dissemination. Strongly clayey/ argillic core with smooth slickensided fracture surfaces. Clasts consist of strongly clay altered andesite and few fresher rock cut rarely by silica veinlets.

36.00 39.20m HYDROFRACTURED PROPYLITIZED HORNBLENDE ANDESITE (3.2m)

Gray to greenish gray with strong magnetite- chlorite- calcite- pyrite replacement. Calcite prominent as stringers/ veinlets, magnetite as disseminated specks and partial replacement to hornblende with chlorite along fractures and infusion within the matrix. Pyrite veinlets cut at times by later calcite veinlets.

39.20 47.30m FAULTED PROPYLITIZED ANDESITE (8.10m)

Medium gray to patchy reddish brown, strongly clayey, gougy in parts oriented at 40- 45° TCA. Gougy in upper and lower contacts trending 30° and 45° TCA, respectively. Fault in one location (46.70m) trend 20° TCA, and is filled by calcite and pyrite on selvages. Calcitic matrix. Calcite also as veinlets/ stringers to occasionally rim some clasts. 5 vol % pyrite in dissemination. Partly hematitic.

47.30 51.30m QUARTZ- SULPHIDE BRECCIA (4m)

Quartz- sulphide breccia with rare tiny barite in some cavities. Clasts consist of: (1) dark gray massive quartz-sulphide rock with minimal vugs that at times contain pyrite+ chalcopyrite,(2) granule size dark gray sulphidic fragments, (3) rare jasperoidal quartz vein materials and (4) fragmented chalcedonic quartz, all set in silicified (gray quartz- pyrite) matrix. Greenish to white clay (smectite- kaolinite) noted in some fracture planes. Specks of chalcopyrite with very fine suspected bornite noted in some locations.

51.30 56.60m HYDROBRECCIATED PROPYLITIZED ANDESITE (5.30m)

EOH Gray to greenish gray hydrobrecciated propylitized andesite with matrix consisting of gray quartz + pyrite with some faint iron oxides. Specks of chalcopyrite noted in intermittent locations, sinuous veinlets of pyrite locally noted, while, base metals increased towards bottom (resinous sphalerite, minimal galena). Chalcopyrite prominently as individual specks and clots with associated fine pyrite in few parts.

DDH no. LB-24 Coordinates(grid): 10155N/ 10021E Elevation: 151asl Azimuth: 145° Inclination: -45° DH date started: 6-Feb-04 DH date finished: 9-Feb-04 Total depth: 25.20m


0.00 2.00 COLLUVIUM COVER (2.0m) Soil materials with mixed boulders/ cobbles of andesite

and few silicified rocks. Brownish to buff, muddy near surface.

2.00 8.00 CLAY-QUARTZ- PYRITE REPLACEMENT ZONE (6.0m)

Generally bleached, brecciated, clayey matrix with clasts consisting of quartz- pyrite replaced rock and localized quartz- barite- pyrite fragments (4.80 to 6.10m). Hematitic to partly clayey along some fracture planes. Gray sulphide bands occasionally noted.

8.00 14.05 QUARTZ- SULPHIDE BRECCIA (6.05m) Generally gray to medium gray. Gray quartz as matrix

infusion with associated very fine sulphides that usually occur as bands and/or bordered some clasts. Fragments of quartz- barite- pyrite breccia noted. Barite as fill in some open spaces and vugs. Fine pyrite dissemination.

14.05 21.10 QUARTZ- BARITE BRECCIA (7.05m)

Generally gray quartz- barite- pyrite breccia with included gray quartz- sulphide breccia fragments. Chalcedonic gray quartz as dominating matrix replacement in breccias. Strongly broken, generally render low core recovery. Sulphides usually as bands and or as fine grained dissemination.

21.10 22.50 CLAYEY ARGILLIC ZONE (1.40m) Breccia with clasts consisting of quartz- barite and gray

quartz- pyrite fragments set in clay- argillic dominated matrix. Fine pyrite in sporadic dissemination.

22.50 23.45 QUARTZ- CLAY- PYRITE REPLACEMENT BRECCIA (0.95m)

Grayish tinge with gray quartz- clay- pyrite replacement breccia with appreciable very fine pyrite disseminations.

23.45 25.20 PROPYLITIZED ANDESITE (1.75m) EOH Light gray to patchy medium gray with dark bands of

sulphides occasionally noted. Minimal stringers of calcite noted in one section. Pyrite as rare veinlets with some dark sulphides to commonly in fine grained dissemination.

DDH no. LB-25 Coordinates(grid): 10155N/ 10021E Elevation: 151asl Azimuth: 325° Inclination: -85° DH date started: Feb. 10, 2004 DH date finished: Feb. 26,2004 Total depth: 109.15m


0.00 3.20 COLLUVIUM COVER (3.20m) Soil materials with mixed boulders/ cobbles of andesite and few

silicified rocks. Brownish to buff.

3.20 22.60 MEDIUM TO COARSE GRAINED HEMATITIC ANDESITE (19.40m)

Generally light gray to reddish brown towards bottom, hematitic. Slightly altered to chlorite- magnetite- clay with increasing hematite down slope. Broken to strongly tectonically brecciated towards bottom with increasing clayey matrix resulting to its relatively soft and friable hardness-(dominantly from 20.00- 22.60m). No mineralization observed.

22.60 25.00 FAULT BRECCIA (2.40m) Bleached shear zone with noted hardened fault gouge at upper

and lower contacts. Soft to very friable with hematite as amoebic infusion within the matrix. Rare pyrite as very fine discrete grain dissemination.

25.00 33.35 BRECCIATED HEMATITIC ANDESITE (8.35m) Strongly brecciated (tectonically) hematitic andesite. Hematite

as clots/ dots within the rock mass and as partial replacement to hornblende and magnetite. Feldspars partly rimmed by clay replacement. Magnetite specks.

33.35 38.00 FAULT BRECCIA (4.65m) Bleached to reddish brown to buff, gougy in parts. Matrix

supported with clasts consisting of clay altered andesite fragments and rare granule size clay- hematite replaced rock. Hematite as irregular bands and as hairline stringers in some clasts.

38.00 39.60 CLAY- PYRITE- QUARTZ REPLACEMENT ZONE (1.6m)

Clay- pyrite- quartz altered section. Chlorite in localized sections as blotches and patchy rock mass infusion. Pyrite in fine crystal veinlets, discrete individual grains, localized fine grain dissemination, to rarely in clusters. Gray quartz ± pyrite as band in some few locations.

39.60 43.70 QUARTZ- PYRITE- CLAY REPLACEMENT (4.10m)

Medium to light gray quartz- pyrite- clay replacement zone with localized greenish gray clay (smectite) dominated altered sections. Gray quartz as matrix replacement with associated very fine pyrite crystal disseminations (±10% py). Pyrite also as veinlets and irregular gray bands. Vuggy quartz veins in places peppered locally with pyrite grains and some specks of chalcopyrite. Late fractures and open spaces are usually grown- on by crystalline barite and at times quartz pseudomorph after barite. Appreciable gray sulphide bands in chalcedonic quartz veins noted.

43.70 44.85 CLAY- PYRITE REPLACEMENT BRECCIA (1.15m)

Brecciated core with clay- pyrite dominated matrix. Clasts consist of chloritic andesite with some showing bleached argillic borders. Greenish clay (smectite?) in matrix with associated very fine pyrite in dissemination. Clasts of silicified fragments veined by pyrite also noted. Hematite in some fracture planes.

44.85 47.65 QUARTZ- BARITE- PYRITE BRECCIA (2.80m)

Light gray, massive chalcedonic quartz and barite rock mass replacement. Dark sulphide as selvage to silica veins and to some quartz replaced clasts. Late white quartz veins with centerline open spaces partly grown-on by barite crystals. Minimal pyrite. Chloritic brecciated andesite noted in between 45.35 to 47.65m depth with sections showing specks of chalcopyrite and suspected bornite that occur as very fine dark grains.


Greenish gray with chlorite plus weak silicification in places. Quartz- barite as stringers and open space fills. Very fine pyrite, tectonically brecciated with clayey matrix.

49.60 55.70 CLAY- QUARTZ- PYRITE REPLACEMENT BRECCIA (6.10m)

Hydrothermally brecciated with matrix composed of brownish strong silica with accompanying very fine pyrite crystals. Clasts include silicified to partly propylitized fine to medium grained andesite, quartz ± barite fragments and bleached clay altered rocks. Partly vuggy. Gray quartz- sulphides as vein/veinlets cut by later white quartz stockworks/veinlets.

55.70 67.20 QUARTZ- PYRITE- BARITE REPLACEMENT BRECCIA (11.50m)

Generally bleached, hydrofractured with quartz as moderate to strong matrix infusion/replacement and as fracture fill together with appreciable crystalline barite along vugs and cavities. Clay, however, in some sections dominates over the quartz as feldspars and matrix replacement. Dark gray quartz with suspected associated very fine sulphides common in highly silicified portions. Hematite- jasper as occasional hairline stringers.

67.20 75.75 QUARTZ- BARITE- SULPHIDE BRECCIA (8.55m) Light to medium gray, gray quartz as matrix infusion. Vugs and

open fractures filled by crystalline barite with minimal pyrite to appreciable chalcopyrite, bornite (?), and dark mineral- chalcocite. Segregated sections show moderate clay replacement to the rock mass resulting to the bleached and brittle hardness.

75.75 93.55 QUARTZ- BARITE- BRECCIA (17.80m) Gray to off-white chalcedonic quartz strong replacement to rock

mass and matrix. Irregular bands of dark sulphides in few locations, fine barites associated with chalcedonic quartz and/or as open fracture fill. Quartz pseudomorph after barite and white clay (kaolin?) in some fractures. This zone generally renders moderately to low core recovery.

93.55 100.10 CLAY- QUARTZ- BARITE BRECCIA (6.55m)

Gray to bleached, clasts consist of gray quartz replaced rock containing crystalline barite + minimal sulphides on open spaces and fracture planes, and solid core of quartz- pyrite- barite breccia, set in clay rich matrix. Hard to brittle, locally faulted.

100.10 101.20 QUARTZ- SULPHIDE± BARITE IN HEMATITIC ALTERED ROCK (1.10m)

Generally hard core rendering moderate to very low recovery, gray to reddish brown. Bands of gray quartz containing minimal fine sulphides (py, cpy) commonly noted. Hematite as fracture fill and as moderate infusion into the rock mass.

101.20 103.80 FAULT BRECCIA (2.60m)

Gougy fault breccia, clasts consist of silicified (quartz- pyrite) altered fine grained gray andesite. Gray quartz with fine grained sulphides as selvages to fractures and to some clasts. Pyrite as fine crystal dissemination, clusters and as bands within the argillic- gougy matrix material. fine specks of suspected chalcopyrite noted.

103.80 109.15 BLEACHED POLYMICTIC BRECCIA (5.35m) EOH Bleached, dominantly clay altered polymictic breccia with clasts

consisting of clay altered andesite; quartz replaced sulphidic gray rock and few propylitized andesite, set in bleached clay rich matrix. Rare pyrite dissemination, sometimes pyrite rimmed some clasts. Very minimal sulphide (cpy, py, etc) noted.

DDH no. LB-26 Coordinates(grid): 10,230N/ 9,985E Elevation: 145asl Azimuth: 325° Inclination: -85° DH date started: 28-Feb-04 DH date finished: 8-Mar-04 Total depth: 73.60m Date logged 20-Mar-04


0.00 11.70 COLLUVIUM COVER (11.70m) Colluvial cover dominantly brownish to buff soil material with

few fragments of pebble to rarely cobble size weathered andesite and few silicified rocks. Soft to very soft due to soil dominance.

11.70 13.20 POLYMICTIC BRECCIA (2.0m) Polymictic breccia with clasts consisting of granule to pebble size

weathered rock, silicified andesite and pebble to cobble size quartz- barite- pyrite breccia fragments set in bleached to clayey matrix. Patchy hematite, pyrite in minimal (1%) dissemination within some clasts and matrix.

13.20 16.20 FAULT BRECCIA (3.0m) Partly hematitic fault breccia, soft, gougy with included clasts of

weathered andesite and weakly silicified fragments.

16.20 17.60 ALTERED ANDESITE DIKE (1.40m) Medium to light gray calcitic propylitized andesite. Very

prominent crisscrossing calcite stringers throughout the section. Minimal pyrite (1%) dissemination.

17.60 18.80 GOUGY FAULT ZONE (1.20m) Shear / fault zone, gougy, partly slickensided containing some

fragments of weathered and silicified andesite fragments.

18.80 47.70 BRECCIATED PROPYLITIZED ANDESITE (28.90m) Generally light gray to reddish brown towards bottom, hematitic.

Slightly altered to chlorite- magnetite- clay with increasing hematite down slope. Broken to strongly tectonically brecciated. Increasing clayey matrix towards bottom due to increasing degree of brecciation. No significant mineralization observed.

47.70 67.00 HEMATITIC PROPYLITIZED HORNBLENDE ANDESITE (19.3m)

Propylitized hornblende andesite, strongly brecciated, hematitic. Chlorite± epidote- magnetite- calcite as the prominent replacement alteration. Minimal calcite in rock mass. Little (1-2%) pyrite dissemination.

67.00 69.00 FAULT ZONE (2.0m) Shear zone with clay- pyrite replacement. Hematitic, gouge in

parts and slickensided with fault trend at 40- 50° TCA. Minimal clasts of silicified altered andesite noted.

69.00 70.10 GRAY QUARTZ- PYRITE± BARITE BRECCIA (1.10m)

Dark to medium gray, quartz as strong rock mass and matrix replacement with accompanying appreciable pyrite (2-3%) and minimal chalcopyrite speck dissemination. Pseudomorph quartz after barite crystals noted in some fractures. One cobble size sulphidic vuggy quartz replaced clast that contain significant fine chalcopyrite discrete crystals (2-3 vol %tage) along vugs and cavities, and as dissemination in the rock mass, noted in one location. This zone may run for gold and copper.

70.10 73.00 CLAY- PYRITE± SILICA REPLACEMENT (2.90m) Tectonically fractured (crackle breccia) andesite altered to clay-

pyrite with locally and patchy amoebic silicification. Light gray, fine pyrite as selvage to some fracture planes. Generally brittle due to relatively strong clay replacements.

73.00 79.00 CLAY- PYRITE- SILICA REPLACEMENT (6.00m) Similar as above only that the core is more brecciated (crackle to

jigsaw brecciation). Clasts are cemented by clay (smectite- illite) and weak silica in segregated portions. Pyrite in minimal (1-2%) dissemination. Faint chlorite matrix infusion in places.

79.00 81.00 HYDROFRACTURED ALTERED ANDESITE (2.0m) Hydrofractured andesite altered to clay- quartz-pyrite. Few

sections show strong clay alteration with appreciable (2-5%) pyrite dissemination. Pyrite also as hairline stringers and fracture fills with accompanying white clay (kaolin?) in places.

81.00 83.00 QUARTZ- PYRITE- (SULPHIDE) REPLACEMENT BRECCIA (2.0m)

Generally light gray with segregated dark gray sulphidic breccia sections. Hydrobrecciated. Dark gray chalcedonic quartz with accompanying sulphides occur as veins/veinlets and as patchy rock mass replacement. Dark sulphides as stringers and veinlets and together with pyrite, lined some cavities and vugs.

83.00 87.00 GRAY QUARTZ- SULPHIDE-PYRITE REPLACEMENT BRECCIA (4.0m)

Generally dark gray to somewhat cooked black. Almost totally replaced by gray silica ± clay- pyrite. Porous with numerous vugs/cavities lined and or filled by very fine pyrite crystals. Kidney form pyrite + suspected marcasite occur in some open spaces and vugs. Very few specks and clusterings of chalcopyrite in common association with very fine pyrite. Kaolinite- smectite- illite noted in few open spaces as fill. Partly brittle due to clay replacement and hydrofracturing.

87.00 88.00 FAULT ZONE (1.0m) Fault zone with gougy slickensided plane at 60° TCA, strong clay,

generally soft with pyrite (2-3%) in dissemination and clusters within the matrix. Some suspected chalcopyrite in places.

88.00 89.70 HYDROBRECCIATED WALL ROCK ANDESITE (1.70m) EOH Hydrobrecciated propylitized andesite wall rock with matrix partly

replaced/ infused by gray silica plus minimal fine pyrite crystal. Large clasts of chloritic andesite prominent which are sometimes rimmed by gray quartz with accompanying fine pyrite (sulphides).

DDH no. LB-27 Coordinates(grid): 10470N/10005E Elevation: 191m Azimuth: 043° Inclination: -60° DH date started: March 8, 2004 DH date finished: March 18, 2004 Total depth: 73.60m Date logged 20-Mar-04


0.00 3.00 COLLUVIUM COVER (4.35m) Colluvial cover reddish brown to dark brown soil material with

few fragments of pebble to cobble size weathered andesite and few silicified rocks.

3.00 12.90 QUARTZ- PYRITE- CLAY REPLACEMENT (9.90m) Quartz-pyrite-clay altered andesite porphyry after propylitic

alteration. Fine grained pyrite dissemination and several local fault gouge and breccias.

12.90 14.80 QUARTZ- BARITE- SULPHIDE BRECCIA (1.90m) White to light gray. Quartz- barite-pyrite breccia with some

silicified andesite and jasper clasts. Fine grained pyrite disseminations.

14.80 26.40 QUARTZ- PYRITE+/-CLAY REPLACEMENT (11.90m) Light greenish gray andesite porphyry with quartz-pyrite- clay

rock mass replacement. Rare slightly vuggy quartz veinlets. Fault breccia from 14.50m-15.50m containing quartz- barite and few silicified clasts. Localized jigsaw breccia zones and argillized < 10 cm fault gouges. Fine grained pyrite dissemination, fracture fill and clusters with enargite and chalcopyrite @ 22.70m-23.10m.

26.40 33.30 CLAY-QUARTZ-SULPHIDE-BRECCIA (6.90 m) Moderately-highly argillized after propylitic andesitic breccia.

White with gougy matrix. Polymictic, angular to sub rounded clasts of chalcedonic quartz, andesite porphyry and barite. Shear zone @ 30.00m-32.65m trending at 20o TCA. Ubiquitous fine grained pyrite dissemination.

33.30 35.10 QUARTZ- PYRITE- CLAY REPLACEMENT (1.80m) Quartz-pyrite-clay altered shear zone. Fault plane @ 34.5m

trending 20° TCA. White with gougy matrix.

35.10 42.30 QUARTZ- SULPHIDE- PYRITE- BARITE BRECCIA (7.20m)

Quartz-barite-pyrite breccia vein with quartz-clay-pyrite alteration halo. Off-white to gray with fine grained pyrite as dissemination, fracture fill and clusters. Pyrite-chalcopyrite-enargite stringers @ 37.0m and chalcopyrite-enargite ± bornite with pyrite dissemination between 38.0m–42.3m. Silica groundmass cementing pebble to cobble sized angular clasts.

42.30 45.40 CLAY-QUARTZ-SULPHIDE-BRECCIA (3.10m) Clay-quartz-pyrite altered andesite porphyry. Argillized shear

zone with sandy matrix @ 42.3m-43.0m. Fine grained pyrite dissemination with rare chalcopyrite @ 44.5m. Locally oxidized and some silicified andesite clasts.

45.40 62.30 QUARTZ- PYRITE+/-CLAY REPLACEMENT (16.90m)

Quartz-pyrite-clay alteration after chlorite-epidote altered andesite porphyry. Slightly oxidized. Fine grained pyrite dissemination, stringers, clusters and fracture fill with rare chalcopyrite @ 57.4m and 59.2m-59.8m. Oxidized locally.

62.30 73.60 PROPYLITIZED ANDESITE (11.30m) EOH Chlorite ± epidote± silica altered andesite porphyry with fine to

medium grained pyrite dissemination, stringers and fracture fill (< 1 %). Occasional millimeter wide calcite veinlets. Slight argillic overprint @ 68.5m with slight increase in pyrite dissemination and stringers.

DDH no. LB-28 Coordinates(grid): 10052N/ 9887E Elevation: 141.50m Azimuth: 0 Inclination: -90° DH date started: 22-Mar-04 DH date finished: 8-Apr-04 Total depth: 102.40m Date logged 12-Apr-04


0.00 3.25 COLLUVIAL COVER (3.25m)

Broken pebble to cobble size andesitic silicified rock with buff to reddish brown soil material.

3.25 75.20 QUATERNARY VOLCANIC COVER (71.95m)

Included

Light gray to pinkish gray colour, partly crumbly, brecciated in few localized segregated sections, weakly, patchy hematitized, cobble to bouldery fragmental, hornblende andesite set in sandy to pebbly matrix. White calcite as minimal hairline stringers and as localized fracture fills. Basically unaltered with fresh medium grained hornblendes and feldspar phenocrysts.

34.50- 38.70m Sheared zone, highly fractured oriented at 70° TCA

75.20 78.00 FAULT ZONE (2.80m)

Light brown to dark gray solidified sandy to clayey fault gouge. Sticky when wet.

78.00 85.00 BRECCIATED PARTLY ALTERED ANDESITE. In-faulted, fresh to partly weakly propylitized moderately

brecciated andesite, clasts in boulder to cobble size set in sandy to pebbly matrix, calcite along fracture planes. Hornblende and feldspars fresh to partly replaced by chlorite- magnetite- pyrite.

85.00 102.40 POLYMICTIC BRECCIA (17.40m) EOH Pebble to cobble size clasts set in finer matrix consisting of

crushed rock materials, the product of clasts attrition. Clasts consist of broken unaltered, hematitic, to partly weakly propylitized leached andesite set in sandy finer matrix. Pyrite in minimal sporadic dissemination and rare veinlets. Calcite common in rock mass, as veinlets/stringers to usually rim some clasts.

83

APPENDIX 4

DRILL HOLE SAMPLE LEDGERS

SAMPLE No. TYPE HOLE No. GRID

COORDINATESAZIMUTH

(o)INCLINATION

(o)SAMPLER DISPATCH_N0

. DATE

58591 Drillcore DH LB-14 10185N, 10006E 0 -90 Nonoy Ruelo / Bail Lab-oyan 2003-40 October 24,2003

58618 Sludge DH LB-14 10185N, 10006E 0 -90 Nonoy Ruelo / Bail Lab-oyan 2003-40 October 24,2003


















DESCRIPTION From (m) To (m) Interval (m) Recovered (m) % Recovery Au

g/mTAg,

g/mT Cu, % Rechecked Au,g/mT

Rechecked Ag,g/mT

Rechecked Cu,%

Clastic breccia with grits, pebble to cobble size quartz- barite± pyrite breccia clasts.

7.6 9.5 1.9 1.5 79 0.045 3.2 0.021

No core, only sludge collected 9.5 9.65 0.15

Quartz-barite breccia, fragmented, limonitic with minimal sulphides.

9.65 11.55 1.9 0.59 12 0.518 2 0.008 0.520

Clay- pyrite altered zone, soft, stickly, patchy limonitic. 30.45 33.2 2.75 2.75 100 0.015 <0.5 0.011

Clay- pyrite altered zone, soft, stickly, gougy in parts. 33.2 36.55 3.35 3.35 100 0.02 0.9 0.021

Hydrobrecciated altered propylitized andesite, included gray quartz - sulfide vein.

36.55 38.3 1.75 1.05 60 0.6 1.5 0.038

Hydrobrecciated altered andesite with minimal gray quartz -sulfide- bar vein/veinlets..

38.3 40.25 1.95 1.95 100 0.133 3.2 0.071 0.130 0.070 3.100

Hydrobrecciated altered andesite with minimal gray quartz -sulfide- bar vein/veinlets..

40.25 42.5 2.25 2.1 93 0.51 1.5 0.043

Quartz- pyrite- chl- clay altered breccia, 5- 10% pyrite. 42.5 46.5 4 3.8 95 0.215 0.8 0.04

Qtz- pyrite- clay breccia with appreciable fragments of quartz- barite sulphide replaced rock.

46.5 47.4 0.9 0.83 92 1.075 <0.5 0.012

Quartz- barite- sulphide breccia 47.4 48.85 1.45 0.58 40 12.82 1.1 0.012


Quartz- barite- sulphide breccia 50.35 51.85 1.5 0.95 63 10.03 <0.5 0.004



Quartz- barite- sulphide breccia 53.05 54.35 1.3 0.39 30 29.728 0.7 0.01 30.145 0.600 0.010

Quartz- barite- sulphide breccia 54.35 56 1.65 1.4 85 23.73 0.7 0.006

Quartz- barite- sulphide breccia 56 57.6 1.6 0.98 61 22.73 <0.5 0.004


Qtuartz- pyrite- clay replacement in moderately weathered andesite, crumbly, friable; quartz± bar veinlets occasional.

59.45 60.35 0.9 0.9 100 0.535 0.9 0.019

Sludge 60.35 61.15 0.8

Pervasive quartz- pyrite- minor barite replacement, cpy coalesce with very fine pyrite, barite xtals on vugs.

61.15 61.55 0.4 0.39 98 0.33 0.7 0.014

Quartz- clay- pyrite altered hydrothermally brecciated andesite, pyrite in veinlets and as strong dissemination in

61.55 63.4 1.85 1.23 66 0.25 <.5 0.097

Quartz- clay- pyrite altered hydrothermally brecciated andesite, pyrite in veinlets and as strong dissemination in

63.4 65.2 1.8 1.68 93 0.25 1.2 0.018

Clay- pyrite- chlorite altered matrix supported breccia zone, propylitized to moderately silicified pyritic clasts set

65.2 66.1 0.9 0.9 100 0.13 1.5 0.065

Quartz- pyrite - clay altered zone, some clasts consist of gray pyritic, silicified sections rimmed by sulfides, partly

66.1 68 1.9 1.89 99 0.275 4.5 0.133


68 69.1 1.1 1.04 95 0.19 2.3 0.09 0.190 2.300 0.090


69.1 70.5 1.4 1.4 100 0.115 2.9 0.057

LABORATORY REFERENCE

Sludge Sample No.

Sludge Au,g/mT

Recheck Sludge

Au,g/mT


RECHECK ITS g/t Au

McPhar 03-590 McPhar 03-590

McPhar 03-590 0.190 McPhar 03-590

McPhar 03-590 58619 0.235 McPhar 03-590








McPhar 03-590 58620 3.640 McPhar 03-590

McPhar 03-590 58621 6.425 McPhar 03-590

McPhar 03-590 58622 6.855 McPhar 03-590

McPhar 03-590 58623 4.620 McPhar 03-590

McPhar 03-590 58624 23.660 24.370 McPhar 03-590

McPhar 03-590 58625 22.010 McPhar 03-590

McPhar 03-590 58626 8.145 8.225 McPhar 03-590

McPhar 03-590 58627 6.020 McPhar 03-590

McPhar 03-590 58628 7.060 4.760

McPhar 03-590 58629 2.810

58630 2.960

McPhar 03-590 58631 2.370

McPhar 03-590 58632 3.015

McPhar 03-590 58633 1.555

McPhar 03-590 58634 1.635

McPhar 03-590 58635 1.315

McPhar 03-590 58636 1.185 1.200

McPhar 03-590 58637 0.790

SAMPLE No. TYPE HOLE No. GRID COORDINATES AZIMUTH (o) INCLINATION (o) SAMPLER DISPATCH_N0. DATE

58646 Drillcore DH LB-15 10185N/10006E 145° 45º Beil Lab-oyan/Iris Villanueva 2003- 42 2-Nov-03














DESCRIPTION From (m) To (m) Interval (m) Recovered (m) % Recovery Au g/t Ag g/t Cu %

Clay- pyrite- quartz replacement, argillic, pyrite at 2-5 volume % in dissemination. 11.20 12.20 1.00 0.81 81 0.020 1.8 0.024

Quart- clay- pyrite replacement, argillic, pyrite at 5 volume % in dissemination. 12.20 14.60 2.40 2.40 100 0.015 1.0 0.024

Quart- pyrite± clay replacement breccia, minimal quartz fragments, fine to coarse crystalline pyrite( 5- 10 vol %) randomly disseminated in the matrix and clasts. 14.60 17.00 2.40 1.47 61 0.720 2.0 0.020

Quartz- barite- sulphide breccia 17.00 18.50 1.50 0.94 63 7.175 0.7 0.008Fault breccia, bleached to bluish gray; strongly gougy with broken few frags of silicified pyritic andesite and minimal quartz- barite fragments.

18.50 20.40 1.90 1.80 95 0.115 1.9 0.016

Quartz- pyrite± clay altered zone, pyrite in fine diss, argillic in parts. 20.40 22.15 1.75 1.75 100 0.410 2.9 0.040

Quartz- pyrite± clay altered zone, pyrite in fine diss, argillic in parts. 22.15 23.40 1.25 1.25 100 0.565 1.5 0.018





Quartz- pyrite replacement zone, with occasional quartz-pyrite veinlets/ stringers. 31.60 34.10 2.50 2.48 99 0.055 1.2 0.018

Quartz- pyrite replacement zone, with occasional quartz-pyrite veinlets/ stringers. 34.10 36.70 2.60 2.60 100 0.015 2.4 0.009

Quartz- pyrite replacement zone, with quartz- sulphide veinlets, vugs grown on by crystalline quartz. 36.70 38.20 1.50 1.50 100 0.015 3.3 0.009

Rechecked Au Rechecked Ag Rechecked Cu% LABORATORY REFERENCE

Sludge Sample No. Sludge g/t Au Rechecked Au LABORATORY

REFERENCE RECHECK ITS g/t Au

McPhar 03-611

McPhar 03-611

McPhar 03-611

McPhar 03-611 58660 4.230 McPhar 03-611

McPhar 03-611

0.410 2.900 0.039 McPhar 03-611

McPhar 03-611 58661 1.103 1.110 McPhar 03-611

McPhar 03-611 58662 2.460 McPhar 03-611

McPhar 03-611 58663 5.710 McPhar 03-611

19.075 McPhar 03-611 58664 9.755 McPhar 03-611

McPhar 03-611 58665 6.945 McPhar 03-611

McPhar 03-611 0.025

McPhar 03-611

McPhar 03-611


58666 Drillcore DH LB-16 10185N/10006E 325 78 Bail Lab-oyan/Iris Villanueva 2003-43 14-Nov-03








DESCRIPTION From (m) To (m) % Recovery Au g/mT Ag g/mT Cu % Recheck Au g/t

Recheck Ag g/t

Recheck Cu%


Quartz- pyrite- sulfide replacement to patchy propylitized andesite ; bleached- medium to greenish gray; grayish clasts due to gray quartz replacement with appreciable fine pyrite + sulphide mineralization.

57.00 59.60 96 0.120 2.1 McPhar 03-655

White quartz vein- barite- pyrite; bleached, fine grained quartz vein with quartz- barite- sulphide at upper and near lower contacts. No sulphides with in the massive white quartz vein. Local hematite banding in places, few vugs grown-on by saccharoidal q

59.60 61.40 59 1.160 1.2 McPhar 03-655

Clay- pyrite replacement; partly bleached with hairline stringers of fine grained quartz- barite (5 stringers/m). Minimal pyrite dissemination.

61.40 63.00 79 0.115 1.5 McPhar 03-655

Quartz- pyrite ± barite; medium gray; broken crystalline quartz + barite veins/ veinlets lined by gray quartz - sulphide on selvages,hematitic with minimal jasper bands.

63.00 65.00 88 0.150 3.4 McPhar 03-655

Quartz- pyirte- clay altered; medium gray to bleached, partly brecciated, clayey in between clasts; Hematite in rare minute fractures. Disseminated pyrite (2-5%). 65.00 66.30 98 0.045 1.9 McPhar 03-655

Quartz- pyrite clay; broken 2-3 cm hematitic opalline quartz + barite vein at 67.00m depth; very fine pyrite (±2%) sporadically disseminated; clots of magnetite with rare localized chalcopyrite (<<1%).

66.30 67.90 100 0.495 1.4 0.475 1.40 McPhar 03-655

Clay- pyrite- quartz; gray to patchy bleached clasts in greenish gray to bleached matrix; propylitized clasts and quartz- pyrite altered andesite embedded in clayey to somewhat gougy matrix with very fine pyrite dissemination.

75.30 77.90 98 0.195 3 McPhar 03-655

Clay- pyrite- quartz; patchy bleached to greenish gray clasts in bleached clayey to somewhat gougy matrix with very fine pyrite dissemination. 77.90 81.00 89 0.005 4.2 0.081 0.005 0.08 4.100 McPhar 03-655

Quartz- pyrite- barite breccia; gray chalcedonic- opalline quartz with minimal sulphide mineralization; matrix supported, dominantly argillic/ clayey in parts. 81.00 82.90 47 0.275 2.7 0.116 McPhar 03-655

Clay- pyrite- quartz breccia; propylitized and quartz- pyrite altered andesite clasts embedded in clayey to somewhat gougy matrix with very fine pyrite dissemination.

82.90 84.80 89 0.095 3.6 0.021 McPhar 03-655

Gray quartz- sulphide- barite breccia; gray to bleached; strongly re- brecciated with clayey- argillic to gougy matrix; local hematite bands; minimal pyrite. 84.80 86.60 100 0.700 1.9 0.102 McPhar 03-655

Gray quartz sulphides with minimal barite; An isolated quartz- pyrite- hematite replaced zone recorded at 86.60- 87.15m.

86.60 87.15 100 0.045 3.3 0.116 McPhar 03-655

Gray quartz sulphides with minimal barite; crystals of chalcopyrite noted at 87.75m depth. 87.15 88.65 80 0.540 2.1 0.063 McPhar 03-655

Quartz- pyrite- clay replacement breccia; dark gray; brecciated with very fine disseminated pyrite (2%). Jarosite in places due to oxidized pyrite.

88.65 91.30 100 0.040 3.8 0.123 McPhar 03-655

Quartz- barite- sulphide breccia; bleached; pyrite in few larger crystals to commonly fine with minor individually occurring chalcopyrite grains.

91.30 92.30 90 1.140 3.2 0.075 McPhar 03-655

Quartz- pyrite- clay; broken core containing minimal pyrite; moderately- weakly silicified clasts, local hematite stains.

92.30 93.30 100 0.050 2.4 0.058 0.05 2.40 0.058 McPhar 03-655

Gray quartz- sulphide- barite breccia; chalcedonic matrix supported; occasional hematite bands; minimal chalcopyrite grains;

93.30 96.40 39 0.400 2.5 0.04 McPhar 03-655

Strongly brecciated gray quartz- barite- sulphides; partly hematitized; pyrite in appreciable dissemination within the matrix.

96.40 97.35 95 0.135 1.7 0.061 McPhar 03-655

Quartz- pyrite- clay replacement; light gray, weak to moderately silicified, sulphidic with localized jarosite staining. Localized pyritic gouge.

97.35 99.30 95 0.005 3.4 0.01 McPhar 03-655

Sludge Sample No. Sludge Au g/mT Sludge Recheck Au g/mT

LABORATORY REFERENCE RECHECK ITS g/t Au

58685 0.455 McPhar 03-655

58686 0.685 McPhar 03-655

58687 0.335 McPhar 03-655

58688 0.385 McPhar 03-655

58689 0.36 McPhar 03-655

58690 0.54 McPhar 03-655

58691 0.425 0.405 McPhar 03-655

58692 1.13 McPhar 03-655

58693 1.325 McPhar 03-655

58694 1.005 McPhar 03-655

58695 1.085 McPhar 03-655

SAMPLE No. TYPE HOLE No.

GRID COORDINATES

AZIMUTH (o) INCLINATION (o) SAMPLER DISPATCH_N0. DATE DESCRIPTION From (m)

58696 Drillcore DH LB-17 10200N,9999E 145 80 Bail Lab-oyan/Iris Villanueva 2003-44 23-Nov-03 Qtz-py-clay altered zone 35.1

58697 Drillcore DH LB-17 10200N,9999E 145 80 Bail Lab-oyan/Iris Villanueva 2003-44 23-Nov-03 Qtz-bar-sulfide-BXA 36.2




58701 Drillcore DH LB-17 10200N,9999E 145 80 Bail Lab-oyan/Iris Villanueva 2003-44 23-Nov-03 Clay-qtz-sulfide-barite-breccia 44.55

58702 Drillcore DH LB-17 10200N,9999E 145 80 Bail Lab-oyan/Iris Villanueva 2003-44 23-Nov-03 Clay-qtz-sulfide-barite-breccia; clay-qtz-

sulfide veinlets/ vein w/ cpy blebs 46.15

58703 Drillcore DH LB-17 10200N,9999E 145 80 Bail Lab-oyan/Iris Villanueva 2003-44 23-Nov-03 Quartz-pyrite-sulfide-breccia 47.4

58704 Drillcore DH LB-17 10200N,9999E 145 80 Bail Lab-oyan/Iris Villanueva 2003-44 23-Nov-03 Quartz-pyrite-chlorite-calcite-magnitite

breccia 50.3

58705 Drillcore DH LB-17 10200N,9999E 145 80 Bail Lab-oyan/Iris Villanueva 2003-44 23-Nov-03 Qtz-py-sulfide-chl± mg replacement

Bxa,partly andesitic 52.95

58706 Drillcore DH LB-17 10200N,9999E 145 80 Bail Lab-oyan/Iris Villanueva 2003-44 23-Nov-03

Sulphidic qtz- pyrite- sulphide replacement breccia 55.50

To (m) Interval (m) Recovered (m) % Recovery Au g/mt Ag g/mt Cu % Pb % Zn %RecheckAu g/mT

RecheckAg g/mT

RecheckCu %

Recheck Pb %

Recheck Zn %


36.2 1.1 0.75 68 0.245 1.10 0.022 0.003 0.016 0.250 1.400 0.022 0.003 0.016 McPhar No. 03-680

38.55 2.35 1.15 49 7.130 1.00 0.007 0.001 0.002 McPhar No. 03-680

40.4 1.85 1.07 58 18.400 0.60 0.006 0.001 0.001 McPhar No. 03-680

42.35 1.95 1.02 52 13.215 0.60 0.005 0.001 0.001 13.265 McPhar No. 03-680

44.55 2.2 1.6 73 0.660 2.40 0.029 0.007 0.022 McPhar No. 03-680

46.15 1.6 1.17 73 0.240 3.30 0.183 0.004 0.010 McPhar No. 03-680

47.4 1.25 0.77 62 0.330 2.00 0.090 0.004 0.004 McPhar No. 03-680

50.3 2.9 2.75 95 0.065 2.00 0.064 0.030 0.128 McPhar No. 03-680

52.95 2.65 2.6 98 0.010 1.60 0.010 0.023 0.082 McPhar No. 03-680

55.5 2.55 2.28 89 0.030 1.20 0.026 0.058 0.154 McPhar No. 03-680

57.00 1.50 0.67 45 0.0750.075

McPhar No. 03-680

Sludge Sample No.

Sludge g/t Au

Sludge Recheck Au


RECHECK ITS g/t Au

58707 5.770 McPhar Batch 03-680

58708 11.865 11.840 McPhar Batch 03-680

58709 11.570 McPhar Batch 03-680

58710 5.085 McPhar Batch 03-680

58711 1.855 McPhar Batch 03-680

58712 1.110 McPhar Batch 03-680

SAMPLE No. TYPE HOLE No. GRID COORDINATES AZIMUTH (o) INCLINATION (o) SAMPLER DISPATCH_N0. DATE DESCRIPTION

58720 Drillcore DH LB-18 10200N,9999E 145 45 Bail Lab-oyan/Iris Villanueva 2003-45 Dec. 02, 2003 Qtz-bar-sulp-replacement-bxa w/ dominant

py, minimal cpy blebs.

58721 Drillcore DH LB-18 10200N,9999E 145 45 Bail Lab-oyan/Iris Villanueva 2003-45 Dec. 02, 2003 qtz-bar-sulp-bxa;clayey with py stringer,

suspected cpy noted.

58722 Drillcore DH LB-18 10200N,9999E 145 45 Bail Lab-oyan/Iris Villanueva 2003-45 Dec. 02, 2003 cly-qtz-bar-sulp-replacement bxa

58723 Drillcore DH LB-18 10200N,9999E 145 45 Bail Lab-oyan/Iris Villanueva 2003-45 Dec. 02, 2003

highly sulphidic-qtz-py-cly replacement bxa;gougy; highly altered andesite. 20-30%

py,± cpy as stringer and blebs

58724 Drillcore DH LB-18 10200N,9999E 145 45 Bail Lab-oyan/Iris Villanueva 2003-45 Dec. 02, 2003 Qtz-py-cly replacement bxa; highly altered

andesite.15-20% py, ± cpy dissemination.

From (m) To (m) Interval (m) Recovered (m) % Recovery Au g/t Ag g/t Cu % Pb % Zn % Recheck

Au g/t LABORATORY REFERENCE Sludge Sample No.

Sludge Au g/t

21 23 2 0.84 42 3.945 1.2 0.012 McPhar Batch No.03-694 58725 2.145

23 24.9 1.9 1.33 70 10.56 0.6 0.008 10.28 McPhar Batch No.03-694 58726 2.990

24.9 27.1 2.2 1.2 55 3.34 2.6 0.015 McPhar Batch No.03-694 58727 4.220

27.1 29.9 2.8 2.27 81 0.055 6.3 0.022 0.078 0.243 McPhar Batch No.03-694 58728 1.995

29.9 32.1 2.2 2.2 100 0.02 7.1 0.026 0.058 0.2 McPhar Batch No.03-694 58729 0.875

Sludge Recheck Au g/t


RECHECK ITS g/t Au

McPhar Batch No.03-694


4.335 McPhar Batch No.03-694




58745 Drillcore DH LB-19 10,200N/10,014E 145 45 Bail Lab-oyan/Iris Villanueva 2003-45 9-Dec-03




DESCRIPTION From (m) To (m) Interval (m) Recovered (m) % Recovery Au g/t Ag g/t Recheck Au g/t

Recheck Ag g/t


Patchy sulphidic clay- pyrite replacement with dark sulphides as bands, fracture fill and discrete crystal dissemination, partly limonitic. Faulted at 18.00- 18.70m.

15.30 18.70 3.40 2.75 81 0.035 0.5 McPhar Batch No.03-719

Quartz- barite- sulphide breccia; gray quartz with strong pyrite- sulphide mineralization. Rare chalcopyrite. Partly sheared. Xtalline barite interlock with quartz.

18.70 21.00 2.30 1.95 85 3.485 0.7 McPhar Batch No.03-719

Fault breccia, slickensided with few frags of quartz- sulphide- barite breccia and quartz- clay- pyrite altered rock. Minimal fine pyrite dissemination.

21.00 21.70 0.70 0.70 100 0.395 2 4.15 2.10 McPhar Batch No.03-719

Clay- pyrite replacement with appreciable pyrite dissemination and as bands/ veinlets. 21.70 22.35 0.65 0.60 92 0.075 0.6 McPhar Batch No.03-719

Sludge Sample No.

Sludge Au g/t Ag g/t LABORATORY

REFERENCERECHECK ITS

g/t Au

58749 2.990 McPhar Batch No.03-719

SAMPLE No. TYPE HOLE No. GRID COORDINATES AZIMUTH (o) INCLINATION (o) SAMPLER DISPATCH_N0.

58750 Drillcore DH LB-20 10185N/10042E 145 75 Bail Lab-oyan/Iris Villanueva 2003-47













DATE DESCRIPTION From (m) To (m) Interval (m) Recovered (m)

17-Dec-03 Cly-bar-sulphide replacement Breccia;w/ yellow color clay,and oxidized sulphide stringers 6.10 7.40 1.30 0.6

17-Dec-03Qtz-bar-sulphide Bxa;gray to chalcedonic w/ stong hematitic to limonitic stains,±20%py. Vugs and veinlets are highly oxidized

7.40 9.70 2.30 0.82

17-Dec-03 Cly-bar-sulphide replacement Breccia;w/ yellow color clay, ±15% py and specs of cpy(?). 9.70 12.40 2.70 0.64

17-Dec-03 Cly-bar-sulphide replacement Breccia;w/ yellow color clay, ±15% py. 12.40 14.50 2.10 1.46

17-Dec-03 Qtz-bar-sulphide Bxa;gray to chalcedonic qtz with white clay. 14.50 16.50 2.00 1.37

17-Dec-03 Qtz-bar-sulphide Bxa; w/ strong yellow clay, fault gauge along 17.20-17.70 16.50 18.30 1.80 1.14

17-Dec-03 Cly-bar-sulphide replacement Breccia;w/ yellow color clay, ±15% py and specs of cpy(?). 18.30 20.10 1.80 1.3





17-Dec-03 Qtz-py-altered andesite 28.40 29.00 0.60 0.57

7-Jan-04 Weathered andesite, propylitized, fractured; oxidized near surface 4.10 6.10 2.00 0.15

% Recovery Au g/t Ag g/t Recheck Au g/t

Recheck Ag g/t


Sludge Sample No.

Sludge Au g/mT

Sludge Ag g/mT

Sludge Recheck Au g/mT

Sludge Recheck Ag g/ mT

46.15 2.050 5.3 Mcphar No.03-731

35.65 5.980 5.4 Mcphar No.03-731 58762 3.410 7.00

23.70 3.945 11 Mcphar No.03-731

69.52 14.435 1.4 14.095 Mcphar No.03-731 58763 4.780 6.50

68.50 8.455 2.800 Mcphar No.03-731 58764 9.565 1.20

63.33 1.280 3.80 Mcphar No.03-731 58765 7.965 1.20

72.22 0.295 2.80 Mcphar No.03-731 58766 1.665 2.20

74.36 0.260 0.90 0.270 0.80 Mcphar No.03-731 58767 0.805 1.30 0.820 1.20

76.96 10.650 0.50 10.680 Mcphar No.03-731 58768 10.450 0.60

80.00 3.955 1.90 Mcphar No.03-731 58769 7.830 1.90

88.89 4.135 119.55 Mcphar No.03-731 58770 11.875 38.10

95.00 0.070 1.5 0.075 Mcphar No.03-731 58771 4.250 10.10

7.50 0.010 2.3 Mcphar No.04-038


RECHECK ITS g/t Au

Mcphar No.03-731

Mcphar No.03-731

Mcphar No.03-731

Mcphar No.03-731

Mcphar No.03-731

Mcphar No.03-731

Mcphar No.03-731

Mcphar No.03-731

Mcphar No.03-731

Mcphar No.03-731

SAMPLE No. TYPE HOLE No. GRID COORDINATES UTM COORDINATES AZIMUTH (o) INCLINATION (o) ELEVATION (asl) DATE STARTED DATE COMPLETED TOTAL DEPTH (m)

58790 CORE DH LB-21 10200N/9971E 1509564N/ 310415E 0 -90º 145 8-Jan-04 23-Jan-04 109.5









DATE SAMPLED SAMPLER DISPATCH_N0. DESCRIPTION From (m) To (m) Interval (m) Recovered (m) % Recovery Au g/t

24-Jan-04 Bail/ Iris 2004-02 Clay- pyrite breccia with minimal pyrite (1-2%) within the matrix. Dark gray fine sulfide bands occur in few locations.

89.40 93.90 4.50 4.1 91 0.005

24-Jan-04 Bail/ Iris 2004-02 Clay- quartz- sulphide breccia with jasperoidal quartz- pyrite veinlets in parts.

93.90 95.20 1.30 0.7 54 0.770

24-Jan-04 Bail/ Iris 2004-02 Bleached argillic zone with quartz- barite breccia fragments.

95.20 96.70 1.50 1.05 70 0.155

24-Jan-04 Bail/ Iris 2004-02 Quartz- sulphide breccia with clay/ argillic matrix. Minimal pyrite.

96.70 98.70 2.00 1.7 85 0.510

24-Jan-04 Bail/ Iris 2004-02 Fault breccia, gougy with fragments of silicified rock and quartz- sulphide ± barite clasts.

98.70 100.20 1.50 0.75 50 0.180

24-Jan-04 Bail/ Iris 2004-02 Quartz- barite- pyrite breccia, 20% recovered material. 100.20 101.20 1.00 0.2 20 1.005

24-Jan-04 Bail/ Iris 2004-02 Quartz- barite- pyrite breccia, 50% recovered material. 101.20 103.40 2.20 0.1 5 0.200

24-Jan-04 Bail/ Iris 2004-02 Quartz- clay-pyrite replacement breccia. Few pyrite as diss and as bands.

103.40 104.50 1.10 0.9 82 0.060

24-Jan-04 Bail/ Iris 2004-02 Quartz- clay-pyrite replacement andesite, few pyrite as diss and as stringers.

104.50 105.00 0.50 0.45 90 0.005

Ag g/t Cu,% Recheck Au g/t Recheck Ag g/t Recheck Cu,% LABORATORY REFERENCE RECHECK ITS g/t Au Sludge Sample

No. Sludge Au g/mT Sludge Recheck Au g/mT


1.20 0.008 Mcphar 04-072

5.90 0.256 0.770 5.9 0.256 Mcphar 04-072 59501 0.890 0.900 Mcphar 04-072

2.10 0.086 Mcphar 04-072 59502 0.520 Mcphar 04-072

1.60 0.049 Mcphar 04-072 59503 0.760 Mcphar 04-072

2.40 0.024 Mcphar 04-072 59504 1.465 Mcphar 04-072

3.20 0.004 Mcphar 04-072 59506 0.415 Mcphar 04-072

3.40 0.021 Mcphar 04-072 59507 0.500 Mcphar 04-072

3.60 0.026 Mcphar 04-072 59508 0.650 Mcphar 04-072

3.30 0.011 Mcphar 04-072 59509 0.090 Mcphar 04-072

SAMPLE No. TYPE HOLE No. GRID COORDINATES UTM COORDINATES AZIMUTH (o) INCLINATION (o) ELEVATION (asl) DATE STARTED DATE

COMPLETEDTOTAL DEPTH

(m)

59510 Drill core LB-22 10217N/ 10000E 1509551N/ 310406E 145° -45° 148 25-Jan-04 29-Jan-04 41.5

59511 Drill core LB-22 10217N/ 10000E 1509551N/ 310406E 145° -45° 148 25-Jan-04 29-Jan-04 41.5

DATE SAMPLED SAMPLER DISPATCH_N0. DESCRIPTION From (m) To (m) % Recovery Au g/t Sludge Sample No. Sludge Au g/t

31-Jan-04 Bail Lab-oyan 2004-04Fault breccia with fine pyrite disseminations and included white to gray quartz- pyrite breccia fragments.

23.30 24.55 96 0.025 59521 0.02

31-Jan-04 Bail Lab-oyan 2004-04

Sheared zone with broken quartz- barite- pyrite breccia clasts, minimal pyrite disseminations, few sulphide bands noted.

24.55 26.40 89 0.835 59522 1.78



0.02 Mcphar no. 04-110

Mcphar no. 04-110

SAMPLE No. TYPE HOLE No. GRID COORDINATES UTM COORDINATES AZIMUTH (o) INCLINATION (o) ELEVATION (asl) DATE STARTED DATE COMPLETED

59515 Drill core LB-23 10217N/ 10000E 1509551N/ 310406E 0 90° 148 30-Jan-04 3-Feb-04






TOTAL DEPTH (m) DATE SAMPLED SAMPLER DISPATCH_N0. DESCRIPTION From (m) To (m) Interval (m) Recovered (m) % Recovery

56.6 5-Feb-04 Bail Lab-oyan 2004-05

Fault breccia, clasts supported, argillic- oxidized andesitic clasts with appreciable pyrite in clasts and matrix.

12.60 14.50 1.90 1.55 82

56.6 5-Feb-04 Bail Lab-oyan 2004-05Fault breccia, clasts supported with quartz- barite- pyrite breccia fragments, clayey, gougy

14.50 15.50 1.00 1.00 100

56.6 5-Feb-04 Bail Lab-oyan 2004-05Gray quartz- sulphide breccia with appreciable pyrite and minimal chalcopyrite. 47.30 49.30 2.00 1.70 85

56.6 5-Feb-04 Bail Lab-oyan 2004-05Gray quartz- sulphide breccia with appreciable pyrite and minimal chalcopyrite. 49.30 51.30 2.00 1.98 99

56.6 5-Feb-04 Bail Lab-oyan 2004-05Quart- pyrite replacement breccia with disseminated pyrite, rare chalcopyrite, appreciable basemetals.

51.30 53.60 2.30 2.30 100

56.6 5-Feb-04 Bail Lab-oyan 2004-05Quart- pyrite replacement breccia with disseminated pyrite, rare chalcopyrite, appreciable basemetals.

53.60 56.60 3.00 3.00 100

Au g/t Ag g/t Cu,% pb,% Zn,% Recheck Au g/t Recheck Ag g/t Recheck Cu,%

Recheck Pb,%


Sludge Sample No.

Sludge Au g/t

0.010 0.5 0.016 0.018 Mcphar no. 04-110

0.090 2.2 0.006 0.009 Mcphar no. 04-110

0.140 1.2 0.076 0.003 Mcphar no. 04-110 59547 0.055

0.135 1.2 0.033 0.003 0.135 1.2 0.032 0.003 Mcphar no. 04-110 59548 0.050

0.010 2.0 0.010 0.018 0.070 Mcphar no. 04-110 59549 0.075

0.010 5.2 0.011 0.038 0.121 Mcphar no. 04-110



RECHECK ITS g/t Au

0.060 Mcphar no. 04-199

Mcphar no. 04-199

Mcphar no. 04-199

SAMPLE No. TYPE HOLE No. GRID COORDINATES UTM COORDINATE AZIMUTH (o) INCLINATION (o) ELEVATION (asl) DATE STARTED DATE COMPLETED

59523 Drill core LB-24 10155N/ 10021E 1509497N/ 310406E 145° -45° 151 6-Feb-04 9-Feb-04












TOTAL DEPTH (m) DATE SAMPLED SAMPLER DISPATCH_N0. DESCRIPTION From (m) To (m) Interval (m) Recovered (m) % Recovery

25.20 9-Feb-04 Bail Lab-oyan 2004-06Clay- pyrite- quartz replacement with strong clay in matrix, minimal gray quartz- pyrite veinlets.

2.70 4.80 2.10 2.10 100

25.20 9-Feb-04 Bail Lab-oyan 2004-06Quartz- pyrite- clay with fragments of appreciable gray quartz quartz- sulphide± barite breccia.

4.80 6.10 1.30 0.79 61

25.20 9-Feb-04 Bail Lab-oyan 2004-06Quartz- pyrite- clay, dominantly argillic matrix, hematite along fractures, gray quartz- sulphide bands noted.

6.10 8.00 1.90 1.40 74

25.20 9-Feb-04 Bail Lab-oyan 2004-06Strongly broken core with quartz- barite and quartz- sulphide breccia fragments, clayey along fractures.

8.00 9.80 1.80 1.10 61

25.20 9-Feb-04 Bail Lab-oyan 2004-06Dominating quartz sulphide replacement breccia with minor quartz- barite- pyrite replacement fragments.

9.80 11.50 1.70 1.48 87

25.20 9-Feb-04 Bail Lab-oyan 2004-06

Quart- sulphide breccia with minimal quartz- barite that is localized in few fracture planes. Gray quartz- pyrite as bands in few locations.

11.50 12.65 1.15 1.12 97

25.20 9-Feb-04 Bail Lab-oyan 2004-06Quartz- sulphide breccia with veins/ veinlets containing quartz- barite and pyrite on selvages, argillic.

12.65 14.05 1.40 1.4 100

25.20 9-Feb-04 Bail Lab-oyan 2004-06 Quartz- barite breccia with gray quartz- sulphide replacement fragments. 14.05 15.90 1.85 1.85 100

25.20 9-Feb-04 Bail Lab-oyan 2004-06 Quartz- barite- sulphide breccia with included gray quartz- pyrite fragments. 15.90 17.30 1.40 1.3 93

25.20 9-Feb-04 Bail Lab-oyan 2004-06 Quartz- barite- sulphide breccia. 17.30 19.10 1.80 1.39 77

25.20 9-Feb-04 Bail Lab-oyan 2004-06 Quartz- barite- sulphide breccia with few gray quartz- pyrite breccia fragments. 19.10 21.10 2.00 1.62 81

25.20 9-Feb-04 Bail Lab-oyan 2004-06 Clayey- argillic core with minimal quartz- barite and gray quartz- pyrite fragments. 21.10 22.50 1.40 1.29 92

25.20 9-Feb-04 Bail Lab-oyan 2004-06Quartz- clay- pyrite replacement breccia with appreciable fine pyrite within the matrix

22.50 23.45 0.95 0.95 100

Au g/t Ag g/t Recheck Au g/t

Recheck Ag g/t


RECHECK ITS g/t Au

Sludge Sample No.

Sludge Au g/mT

Sludge Recheck Au

g/mT


RECHECK ITS g/t Au

0.045 4.60 Mcphar no. 04-119

2.445 6.20 2.44 6.4 Mcphar no. 04-119

0.055 2.90 Mcphar no. 04-119

2.315 5.90 Mcphar no. 04-119 59536 3.465

Mcphar no. 04-141

0.615 3.00 Mcphar no. 04-119 59537 1.790Mcphar no. 04-141

0.015 4.60 Mcphar no. 04-119 59538 0.805 0.795

Mcphar no. 04-141

1.150 2.90 1.135 2.8 Mcphar no. 04-119 59539 1.090Mcphar no. 04-141

7.695 2.2 Mcphar no. 04-119 59540 2.940 Mcphar no. 04-141

15.51 1.2 Mcphar no. 04-119 59541 1.915 Mcphar no. 04-14120.76 0.6 Mcphar no. 04-119 59542 16.415 16.405 Mcphar no. 04-141

21.36 1.5 21.585 1.6 Mcphar no. 04-119 59543 21.070Mcphar no. 04-141

0.455 1.2 Mcphar no. 04-119 59544 12.740Mcphar no. 04-141

0.035 2.9 Mcphar no. 04-119

SAMPLE No. TYPE HOLE No. GRID COORDINATES UTM COORDINATE AZIMUTH (o) INCLINATION (o)ELEVATION

(asl)DATE

STARTEDDATE

COMPLETEDTOTAL

DEPTH (m)

59552 Drill core LB-25 10155N/ 10021E 1509497N/ 310406E 325° -75° 151 10-Feb-04 26-Feb-04 109.15












DATE SAMPLED SAMPLER DISPATCH_N0. DESCRIPTION From (m) To (m) Interval (m) Recovered

(m) % Recovery Au g/t Ag g/t

29-Feb-04 Fianza Lab-oyan 2004-10Clay- pyrite-quartz replacement breccia, gray quartz as bands in some locations, very fine pyrite

38.00 39.60 1.60 1.60 1000.040 1.20

29-Feb-04 Fianza Lab-oyan 2004-10Quartz- pyrite- clay replacement breccia with loc clay(smectite) rich sections, Vuggy quartz veins in places.

39.60 42.00 2.40 2.10 881.540 1.60

29-Feb-04 Fianza Lab-oyan 2004-10Quartz- pyrite- clay replacement breccia with loc clay(smectite) rich sections, Vuggy quartz with barite in places.

42.00 43.70 1.70 1.50 880.420 0.90

29-Feb-04 Fianza Lab-oyan 2004-10Clay-pyrite replacement zone, few silfd clasts noted.

43.70 44.85 1.15 1.10 960.260 1.00

29-Feb-04 Fianza Lab-oyan 2004-10Quartz- barite- pyrite breccia, massive chalcedonic quartz+ barite replacement, chalcopyrite specks noted.

44.85 45.35 0.50 0.48 960.825 0.90

29-Feb-04 Fianza Lab-oyan 2004-10Quartz- barite- pyrite breccia, massive chalcedonic quartz+ barite replacement, chalcopyrite specks noted.

45.35 47.65 2.30 1.44 630.370 0.70

29-Feb-04 Fianza Lab-oyan 2004-10Propylitized andesite section with localized silicifications.

47.65 49.60 1.95 1.7 870.055 0.90

29-Feb-04 Fianza Lab-oyan 2004-10Clay-quartz-pyrite replacement breccia, gray quartz-sulphides as veinlets.

49.60 51.90 2.30 1.6 700.025 1.00

29-Feb-04 Fianza Lab-oyan 2004-10Clay-quartz-pyrite replacement breccia, gray quartz-sulphides as veinlets.Some barite crystals noted.

51.90 53.00 1.10 1.1 1002.470 1.00

29-Feb-04 Fianza Lab-oyan 2004-10Clay-quartz-pyrite replacement breccia, gray quartz-sulphides as veinlets.

53.00 55.70 2.70 2.5 930.055 1.80

29-Feb-04 Fianza Lab-oyan 2004-10Quartz- pyrite- barite replacement breccia, partly vuggy with some dark sulphides associated in places.

55.70 57.70 2.00 1.37 690.875 1.60

29-Feb-04 Fianza Lab-oyan 2004-10Quartz- pyrite- barite replacement breccia, partly vuggy, dark sulphides as veinlets in places

57.70 58.50 0.80 0.73 910.050 0.50

29-Feb-04 Fianza Lab-oyan 2004-10Quartz- pyrite- barite replacement breccia, partly vuggy, dark sulphides as veinlets in

l

58.50 60.70 2.20 1.63 741.935 1.20


60.70 61.50 0.80 0.8 1000.090 0.60


61.50 62.50 1.00 0.85 850.065 1.00

29-Feb-04 Fianza Lab-oyan 2004-10Quartz- pyrite- barite replacement breccia, partly vuggy, dark sulphides as veinlets in places.

62.50 65.00 2.50 2.5 1001.085 1.30

29-Feb-04 Fianza Lab-oyan 2004-10Quartz- pyrite- barite replacement breccia, partly vuggy, dark sulphides as veinlets in places.

65.00 67.40 2.40 2.35 980.515 1.00

29-Feb-04 Fianza Lab-oyan 2004-10Quartz- barite- sulphide breccia, pyrite with noted specks of chalcopyrite+ bornite, chalcocite.

67.40 70.00 2.60 2.55 985.355 1.70


70.00 72.75 2.75 2.2 804.315 40.20


72.75 75.20 2.45 2.35 962.890 2.20

29-Feb-04 Fianza Lab-oyan 2004-10Quart- barite- breccia, irregullar bands of dark sulphides in some places.

75.20 77.95 2.75 2 734.990 0.80


77.95 80.10 2.15 1.95 912.540 1.20


80.10 82.60 2.50 1.2 4814.545 0.50


82.60 85.60 3.00 1.1 3713.255 0.80


85.60 88.50 2.90 1.6 5514.360 1.30


88.50 91.50 3.00 1.55 528.505 2.30


91.50 93.55 2.05 1.85 909.400 0.90

29-Feb-04 Fianza Lab-oyan 2004-10Clay- quartz- barite breccia, minimal sulpides in places.

93.55 95.80 2.25 2.07 921.780 0.90


95.80 98.60 2.80 2.8 1000.110 1.50


98.60 100.10 1.50 1.5 1000.285 1.10

29-Feb-04 Fianza Lab-oyan 2004-10Quartz- sulphide- barite with hematitic altered rock, minimal pyrite.

100.10 101.20 1.10 0.67 610.150 1.00

29-Feb-04 Fianza Lab-oyan 2004-10Fault breccia, silicified clasts with specks of chalcopyrite, pyrite in fine diss.

101.20 103.35 2.15 1.25 580.180 6.20

29-Feb-04 Fianza Lab-oyan 2004-10Bleached polymictic breccia, appreciable sulphides in places.

103.35 106.10 2.75 2.25 820.025 2.70

29-Feb-04 Fianza Lab-oyan 2004-10Bleached polymictic breccia, appreciable sulphides in places.

106.10 109.15 3.05 2.9 950.005 1.00

%Cu Recheck Au g/t

Recheck Ag g/t

Recheck %Cu


RECHECK ITS g/t Au

Sludge Sample No.

Sludge Au g/mT

Sludge Recheck Au

g/mT


RECHECK ITS g/t Au

0.039 McPhar No. 04-199 -

0.089 1.580 1.30 0.091 McPhar No. 04-199 -

0.019 McPhar No. 04-199 59615 3.930 MCPHAR BATCH NO. 04-221




0.044 McPhar No. 04-199 59619 0.690 0.705 MCPHAR BATCH NO. 04-221

0.018 0.025 1.00 0.017 McPhar No. 04-199 59620 0.540 MCPHAR BATCH NO. 04-221










0.046 5.335 1.50 0.045 McPhar No. 04-199 59630 4.975 4.920 MCPHAR BATCH NO. 04-221









SAMPLE No. TYPE HOLE No. GRID COORDINATES UTM COORDINATE AZIMUTH (o) INCLINATION (o)ELEVATION

(asl)DATE

STARTEDDATE

COMPLETEDTOTAL

DEPTH (m)

59647 Core LB-26 10,230N/ 9,985E 1509570N/310447E 325° -85° 145m 28-Feb-04 8-Mar-04 89.70m










DATE SAMPLED SAMPLER DISPATCH_N0. DESCRIPTION From (m) To (m) Interval

(m)Recovered

(m) % Recovery Au g/t Ag g/t %Cu

9-Mar-04 FT Lab-oyan 2004-12Clay- pyrite replacement breccia, hematitic, minimal clasts of andesites, pyrite at 2-3%.

67.00 69.00 2.00 2.00 100 0.075 1.90 0.04

9-Mar-04 FT Lab-oyan 2004-12

Gray quartz- pyrite ± (barite) replacement breccia with chalcopyrite specks. One cobble size vuggy silica replaced clast contain appreciable chalcopyrite (±2%) in vugs and cavities.

69.00 70.10 1.10 1.00 91 0.180 2.50 0.076

9-Mar-04 FT Lab-oyan 2004-12Clay-pyrite+ minor silica replacement. Tectonically fractured (crackle breccia) andesite with fine pyrite as selvage to fractures.

70.10 73.00 2.90 2.90 100 0.015 2.50 0.007


Similar as above only that the core is more brecciated (crackle to jigsaw brecciation). Clasts are cemented by clay (smectite- illite) and weak silica in segregated portions. Pyrite in minimal (1-2%) dissemination.

73.00 76.00 3.00 3.00 100 0.010 0.50 0.008


Clay-pyrite-silica replacement. Tectonically fractured (jigsaw breccia). Clasts are cemented by clay (smectite- illite) and weak silica in segregated portions. Appreciable pyrite (2-3%) diss.

76.00 79.00 3.00 3.00 100 0.005 0.60 0.007


Hydrofractured andesite altered to clay- quartz-pyrite. Pyrite in diss (2-5%), also as hairline stringers and fracture fills with accompanying white clay in places.

79.00 81.00 2.00 2.00 100 0.010 0.80 0.009


Quartz- pyrite- sulphide replacement breccia with dark gray chalcedonic quartz with accompanying sulphides as veins/veinlets. Dark sulphides as stringers and veinlets and together with pyrite, lined some cavities and vugs.

81.00 82.00 1.00 0.95 95 0.045 1.80 0.007

9-Mar-04 FT Lab-oyan 2004-12 Do as above description. 82.00 83.00 1.00 0.98 98 0.040 0.90 0.006

9-Mar-04 FT Lab-oyan 2004-12Gray quartz- sulphide- pyrite replacement breccia. Porous with appreciable pyrite wioth accompanying chalcopyrite in places.

83.00 85.00 2.00 2.00 100 0.255 3.40 0.013

9-Mar-04 FT Lab-oyan 2004-12Gray quartz- sulphide- pyrite replacement breccia. Porous with appreciable pyrite wioth accompanying chalcopyrite in places.

85.00 87.00 2.00 2.00 100 0.240 3.60 0.056


Fault zone, gougy slickensided, strong clay, generally soft with pyrite (2-3%) in dissemination and clusters within the matrix. Some suspected chalcopyrite in places.

87.00 88.00 1.00 0.95 95 0.005 3.00 0.019

Recheck Au g/t

Recheck Ag g/t

Recheck %Cu


RECHECK ITS g/t Au

Sludge Sample No.

Sludge Au g/mT

Sludge Recheck Au g/mT


RECHECK ITS g/t Au

Mcphar No. 04-260 59651 0.020 Mcphar No. 04-277

0.19 2.50 0.08





0.01 0.8 0.009




Mcphar No. 04-260 59659 0.105 0.110 Mcphar No. 04-277


SAMPLE No. TYPE HOLE No. GRID COORDINATES UTM COORDINATES AZIMUTH (o) INCLINATION (o)ELEVATION

(asl)DATE

STARTEDDATE

COMPLETEDTOTAL

DEPTH (m)

59703 Core LB-27 10470N/ 10005E 1509692N/310657E 043° -60° 191m 8-Mar-04 18-Mar-04 73.60m









DATE SAMPLED SAMPLER DISPATCH_N0. DESCRIPTION From (m) To (m) Interval

(m)Recovered

(m) % Recovery Au g/t Ag g/t %Cu

21-Mar-04 FT Lab-oyan 2004-15Light gray, quartz-pyrite+/-clay altered andesite porphyry after propylitic alteration. Several local < 10 cm fault gouge / breccia.

3.30 6.50 3.20 1.85 58 0.005 6.30 0.019

21-Mar-04 FT Lab-oyan 2004-15Same as above with 10 cm wide opaline breccia vein @ 8.0 m.

6.50 10.00 3.50 2.35 67 0.010 2.90 0.038

21-Mar-04 FT Lab-oyan 2004-15Quartz-barite-pyrite vein breccia. White with occasional silica and jasper clasts in the breccia vein.

10.00 12.90 2.90 1.90 66 0.620 4.40 0.03

21-Mar-04 FT Lab-oyan 2004-15Quartz-barite-pyrite vein breccia. White with occasional silica and jasper clasts in the breccia vein.

12.90 14.80 1.90 1.10 58 1.315 1.40 0.014

21-Mar-04 FT Lab-oyan 2004-15Shear zone. Fault breccia with gougy matrix. Reddish to light gray.

14.80 15.80 1.00 0.92 92 0.200 5.80 0.028


Chlorite-epidote+/-pyrite altered with rare vuggy quartz veinlets. Localized (<10 cm) jigsaw breccia and argillic altered fault gouge. Greenish color.

15.80 17.40 1.60 1.30 81 0.150 1.90 0.016


Green andesite porphyry breccia / shear zone. Slightly oxidized with << 1 % disseminated or fracture filling pyrite.

17.40 22.70 5.30 4.50 85 0.010 1.80 0.016


Quartz-barite-pyrite breccia vein with << 1 % fine grained chalcopyrite-enargite stringers or clusters. White and gray quartz bands with barite.

22.70 23.10 0.40 0.28 70 0.085 0.70 0.008


Green andesite porphyry breccia / shear zone, slightly oxidized with < 1 % fine grained pyrite dissemination. Generally propylitically altered.

23.10 28.00 4.90 4.05 83 0.010 6.40 0.029


Slight-moderate argillic altered andesite porphyry breccia with white and gougy matrix. Clay overprinting earlier propylitic alteration.

28.00 30.00 2.00 1.90 95 0.015 4.00 0.048


Argillic altered breccia / shear zone. White, gougy matrix. LCA @ 20o. Polymictic angular-sub rounded clasts of silica, andesite porphyry and barite. Fine grained pyrite dissemination.

30.00 32.65 2.65 2.15 81 0.135 3.90 0.017


Highly argillized breccia / shear zone with white, gougy matrix. LCA @ 30o. Fault plane @ 34.5 m.

32.65 35.10 2.45 1.73 71 0.660 3.60 0.048


Quartz-clay-pyrite with slight argillic overprint. Pyrite-enargite-chalcopyrite stringer @ 37.0 and 10 cm milled breccia (fault?) @ 36.4. Off-white to gray with occasional millimeter wide quartz stringer.

35.10 38.00 2.90 1.40 48 0.643 1.20 0.121


Quartz-barite-pyrite breccia vein with occasional dissemination, clusters, stringers or fracture fill of pyrite +/- chalcopyrite and rare enargite +/- bornite with pyrite Silica groundmass cementing pebble-cobble sized angular clasts.

38.00 39.95 1.95 1.10 56 1.955 4.90 0.716

21-Mar-04 FT Lab-oyan 2004-15 Same as above 39.95 42.30 2.35 1.45 62 0.130 2.60 0.088


Moderate-highly clay-pyrite altered andesite porphyry breccia. Gougy-sandy matrix with shear zone @ 42.3 - 43.0. < 1 % fine grained pyrite dissemination. Locally oxidized. Rare chalcopyrite @ 44.5.

42.30 45.40 3.10 2.80 90 0.095 3.80 0.058

21-Mar-04 FT Lab-oyan 2004-15Same as above with some silicified andesite clasts.

45.40 48.80 3.40 3.40 100 0.010 3.70 0.042


Slightly-moderately clay-pyrite altered andesite porphyry breccia cut by highly argillized 10-20 cm fault zones. Relict propylitic alteration and locally tuffaceous in texture.

48.80 51.30 2.50 2.20 88 0.005 1.10 0.009



51.30 54.80 3.50 3.40 97 0.030 1.20 0.009



54.80 57.40 2.60 2.60 100 0.015 3.60 0.011


Chlorite-epidote altered with slight argillic overprint in andesite porphyry. Slightly oxidized. Fine grain pyrite as dissemination, fracture fill and stringers. Rare chalcopyrite @ 57.4.

57.40 61.00 3.60 3.55 99 0.055 2.80 0.009


Green andesite porphyry with 1 % fine grained pyrite dissemination and fracture fill Propylitic altered with very slight argillic overprint notably in plagioclase phenocryst.

61.00 62.30 1.30 1.25 96 0.005 2.90 0.008

Recheck Au g/t

Recheck Ag g/t

Recheck %Cu


RECHECK ITS g/t Au

Sludge Sample No.

Sludge Au g/mT

Sludge Recheck Au

g/mT


RECHECK ITS g/t Au

McPhar No. 04 - 313

McPhar No. 04 - 313

McPhar No. 04 - 313

McPhar No. 04 - 313 59026 1.055 McPhar No. 04 - 371


0.150 1.70 0.016

McPhar No. 04 - 313 59028 0.645 0.630 McPhar No. 04 - 371

McPhar No. 04 - 313

McPhar No. 04 - 313

McPhar No. 04 - 313

McPhar No. 04 - 313

McPhar No. 04 - 313


McPhar No. 04 - 313 59030 1.05 1.085 McPhar No. 04 - 371

2.015 4.90 0.736



0.095 3.7 0.058

McPhar No. 04 - 313

McPhar No. 04 - 313

McPhar No. 04 - 313

McPhar No. 04 - 313

McPhar No. 04 - 313

McPhar No. 04 - 313

McPhar No. 04 - 313

84

APPENDIX 5

REPORT ON PETROGRAPHIC ANALYSES OF LOBO SAMPLES

PETROGRAPHIC / MINERAGRAPHIC ANALYSIS

SAMPLE MARK MRL GOLD PM-03-274 MEGASCOPIC DESCRIPTION Dark gray, silicified rock traversed by veinlets of white mineral and stippled with pyrite. MICROSCOPIC ANALYSIS TEXTURE The bulk of the specimen consists of a mosaic of allotriomorphic quartz with portions that are characteristically chalcedonic. The latter exhibits various silica textures such as spherulitic, fibrous, feathery and cryptocrystalline. In plane polars, this disoriented silica occurs as brown bands. Occasional laths of barite exhibiting 90°cleavage traces and fairly high relief are interspersed with quartz aggregates. Euhedral to subhedral pyrite grains measuring from 0.8 to 1mm across, occur as disseminations, infills and grain replacement. Occasional minute specks of chalcoyprite are scattered. Chalcopyrite usually envelopes pinkish enargite. Covellite occurs as streaks traversing chalcopyrite. COMPOSITION % Secondary Quartz (microcrystalline) 65 Chalcedonic silica 15 Barite 5 Opaques 15 (Pyrite) (15) (Chalcopyrite) trace (Enargite) trace (Covellite) trace ROCK NAME SILICIFIED, SULFIDIZED ROCK


SAMPLE MARK BAT – 1 MEGASCOPIC DESCRIPTION Light gray, clay-altered, porphyritic rock with plagioclase phenocrysts in an aphanitic groundmass MICROSCOPIC ANALYSIS TEXTURE Porphyritic; pilotaxitic; partly vesicular;

The porphyritic texture is defined by phenocrystal grains of fractured, cloudy , partly resorbed and zoned sodic plagioclase, as well as completely oxidized slender laths of ferromagnesian, possibly amphibole, embedded in a cloudy groundmass of subparallel to randomly oriented plagioclase microlites with interstitial opaque grains and devitrified glass. The latter also occurs as curved to rounded features accentuating the groundmass.

Plagioclase insets are patched by calcite and minute specks of illite + clay +

chlorite (from glass). The ferromagnesian minerals are totally replaced by opaque grains.

Cubic pyrite occurs as disseminations and fracture fills. Scanty grains of relict

magnetite are also scattered. COMPOSITION % Primary % Secondary Phenocrysts: Plagioclase (An<50) 15 Calcite 5% Relict amphibole 2 Illite 1% Brown Clay (Smectite?) 1%

Groundmass: Plagioclase (An<50) 65 Pyrite trace Glass 10

Magnetite 1 ROCK NAME Porphyritic Andesite


SAMPLE MARK LB-17 50.40m MEGASCOPIC DESCRIPTION Greenish gray, aphanatic, indurated; clay-altered MICROSCOPIC ANALYSIS TEXTURE Relict porphyritic; vesicular Relict porphyritic texture can still be discerned despite intense hydrothermal alteration of the rock to illite/sericite and chlorite. Ghost insets of plagioclase are pseudomorphed by plates of birefringent illite/sericite and chlorite. Ghost insets of plagioclase are pseudomorphed by flakes of birefringent illite/sericite and/or spherulitic chlorite, secondary quartz ± clay. The groundmass is highly altered to brown clay although outlines of randomly arranged plagioclase microlites are slightly discernible. The groundmass is riddled with very fine euhedral grains of rhombic arsenopyrite occurring as discrete disseminations. COMPOSITION % Primary % Secondary Phenocrysts: Relict Plagioclase Illite/Sericite 18% (replaced by sericite/chlorite) 15 Chlorite 5 Relict ferromagnesian minerals 5 Quartz 2 Clay 2 Groundmass: Relict Plagioclase 50 Arsenopyrite 2 Iron oxide 1 ROCK NAME Hydrothermally altered porphyritic Andesite


SAMPLE MARK LB-18 33.60m MEGASCOPIC DESCRIPTION Dark gray, indurated rock with fine-grained phenocrysts of plagioclase in an aphanitic groundmass MICROSCOPIC ANALYSIS TEXTURE

Porphyritic; pilotaxitic; Coarse-grained insets of fractured and altered plagioclase are set in a

pilotaxitic groundmass of fine, subparallel plagioclase microlites that swirl around the phenocrysts.

Alteration is moderate. Silicification is represented by polycrystalline

secondary quartz, which occurs as allotriomorphic granules and aggregates that are scattered throughout the groundmass and at times pseudomorphously replace the phenocrystal grains. Secondary quartz is associated with fibrous chalcedonic silica. Plagioclase insets are also patched by birefringent calcite and spherulitic chlorite.

Euhedral to subhedral grains of magnetite are disseminated. Hematite

replaces magnetite. COMPOSITION % Primary % Secondary Phenocrysts: Plagioclase (An<50) 18 Calcite 12% Relict ferromagnesians Quartz 8 (totally replaced) Chalcedonic silica 2 Chlorite 2 Groundmass: Plagioclase (An<50) 50 Clay 2 Glass 4 Iron hydroxide 1 Magnetite 1 ROCK NAME Altered Porphyritic Andesi.te


SAMPLE MARK LB – 18 34.50 MEGASCOPIC DESCRIPTION Light gray, indurated, rock with coarse grained phenocrysts of plagioclase in an aphanitic groundmass MICROSCOPIC ANALYSIS TEXTURE Relict porphyritic; Ghost plagioclase phenocrysts are masked by fine-grained specks of illite ±brown clay (smectite). Some grains are rimmed by chalcedonic to isotropic silica, which also fills interstitial spaces in the groundmass. In places, chalcedonic silica is associated with secondary polycrystalline quartz. Albeit intensely altered, flow texture can still be observed in the form of pilotaxitically arranged plagioclase microlites in the groundmass. Pyrite grains pepper the rock as fracture infills and grain replacement. COMPOSITION % Primary % Secondary Phenocrysts: Altered Plagioclase 15 Illite 12% Relict ferromagnesian Brown Clay (smectite?) 8 Quartz 5 Groundmass: Plagioclase (An<50) 52 Chalcedonic/isotropic silica 5 (clay) Pyrite 3 ROCK NAME Altered Porphyritic Andesite


SAMPLE MARK BAL – 1 MEGASCOPIC DESCRIPTION Gray, massive, indurated, medium-grained; porphyritic with phenocrysts of plagioclase MICROSCOPIC ANALYSIS TEXTURE Porphyritic; microgranular; Phenocrysts of sodic plagioclase, embayed and resorbed quartz, and hornblende are set in a microgranular quartzofeldspathic base. Alteration is moderate. Plagioclase prisms are riddled with flakes of sericite. The latter, along with secondary quartz, also occurs as specks and stringers in the microgranitic groundmass. Ferromagnesian minerals are pseudomorphed by epidote, chlorite ± albite. This alteration assemblage are also found as open space infills. Euhedral pyrite occurs as discrete grains and infills. COMPOSITION % Primary % Secondary Phenocrysts: Plagioclase (An<50) 10 Sericitie 15% Quartz 8 Chlorite 8 Amphibole 3 Epidote 5 Albite 2 Groundmass: Plagioclase (An<50) 16 Quartz 10 Quartz 20 Pyrite 3 ROCK NAME Altered Quartz Diorite Porphyry


SAMPLE MARK TH -1 MEGASCOPIC DESCRIPTION Cream to pinkish in color, clay-altered with fine stringers of iron oxides. MICROSCOPIC ANALYSIS TEXTURE The original rock has been encroached and replaced by fine shreds of birefringent illite+ clay. Islands of embayed and resorbed quartz grains occur as occasional discrete grains set against an illitic background. Microcrystalline quartz with associated iron oxides traverse the illite-altered rock at diverse directions. Fractures and open spaces are usually rimmed by hematite. Occasional discrete grains of pyrite are disseminated. COMPOSITION % Secondary Illite 67% Clay (Smectite?) 10 Quartz 15 Iron oxides/hydroxides 8 ROCK NAME Quartz-illite-altered Rock ALTERATION Argillic

PETROGRAPHIC / MINERAGRAPHIC ANALYSIS OF ELEVEN (11) SAMPLES FROM THE BATANGAS

PROSPECTS OF MRL GOLD

For

MRL GOLD PHILIPPINES, INC

24 February 2004 Manila, Philippines


SAMPLE MARK PTR –45 MEGASCOPIC DESCRIPTION Gray, fine-grained pyritized, brecciated rock traversed by crisscrossing veinlets of quartz about 1 cm in width. MICROSCOPIC ANALYSIS Description A completely silicified rock consisting of aggregates of tightly interlocking well-crystallized clear quartz grains exhibiting almost perfect triple point junction. Subsequent brecciation is evident in portions where these medium-grained quartz aggregates are held as islands by a cement of fine-grained granular quartz with associated iron hydroxide and clay. Anhedral pyrite occurs as fracture infills dispersed throughout the coarsely crystalline quartz aggregates. COMPOSITION % Secondary Stage 1: Coarsely crystalline quartz - 80 Pyrite tr Stage 2: Fine-grained quartz 15 Iron hydroxide 4 Clay 1 ROCK NAME Silicified, brecciated rock ( part of a quartz vein?)


SAMPLE MARK PTR –49 MEGASCOPIC DESCRIPTION Buff, bleached, oxidized rock; intensely silicified; a 3mm iron oxide veinlet traverse the hand specimen. MICROSCOPIC ANALYSIS Description Porphyritic texture of the original rock is implied by relicts of oxidized biotite insets and tabular grains, which may be former plagioclase phenocrysts. The latter is totally replaced by illite. The groundmass consists of fine-grained aggregates of secondary quartz + illite + clay + iron hydroxides. The rock is traversed by fine quartz stringers, some of which are rimmed by iron oxides. Vein quartz has dogtooth texture and occasionally exhibits decussate texture. Pyrite occurs as disseminations throughout the veins. COMPOSITION

% Primary % Secondary Phenocrysts: Relict plagioclase (totally replaced) Quartz 38 Biotite 1 Illite 20 Brown Clay 10 Groundmass: (quartz-illite-clay) Iron oxides 6 Quartz vein 25 Pyri8te trace ROCK NAME Silicified, brecciated rock ( part of a quartz vein?)


SAMPLE MARK PTR –50 MEGASCOPIC DESCRIPTION Massive silicified rock. Veinlets of vuggy quartz traverse the rock. MICROSCOPIC ANALYSIS Description The bulk of the section is composed of fine-grained tightly interlocking microgranular quartz aggregates at times accentuated by specks of opaque grains. Vuggy portions are lined by relatively coarser grained quartz. Occasional veinlets of coarse-grained quartz exhibiting dogtooth texture, cut the wholly silicified background. Opaques are nil. COMPOSITION % Secondary Fine-grained quartz 90 Vein quartz 10 ROCK NAME Silicified rock ( quartz vein?)


SAMPLE MARK BAT - 2 MEGASCOPIC DESCRIPTION White, argillized and pyritized rock traversed by minute quartz veinlets. MICROSCOPIC ANALYSIS Description Porphyritic; Phenocrysts of fractured plagioclase most of which have ill –defined borders and occasional relict ferromagnesian minerals are set in a completely argillized base with shadows of plagioclase microlites and irregular patches of zeolite. The groundmass is loaded with brown clay with associated illite, quartz and pyrite. COMPOSITION % Primary % Secondary Phenocrysts: Plagioclase (An < 50) 6 Clay 63 Relict ferromagnesian trace Illite 5 Minerals Zeolite 1 Qaurrtz 3 Groundmass: Plagioclase microlites 20 Pyrite 2 (clay) Iron oxides trace ROCK NAME Altered Andesite


SAMPLE MARK BOT - 1 MEGASCOPIC DESCRIPTION Grayish to pinkish rock; fragmental; with subangular fragments measuring from 1 cm to 6 cm. in diameter. Some fragments are whitish while others have almost the same hue as that of the matrix. MICROSCOPIC ANALYSIS Description Fragmental; Coarse-grained, intensely argillized and silicified fragments (the biggest captured in thin section is about a cm in diameter), are held together by finely cryustalline quartz, clay and illite. Most fragments are dacitic in composition as implied by resorbed primary quartz grains, which are present in many of them. The fragments also consist of tabular sections of crystals which are now totally argillized. Vugs are often lined by fine-grained quartz and illite. Opaque grains are limited to fine specks of hematite altered to goethite. COMPOSITION % Primary % Secondary Fragments: Dacitic lithics 30 Clay 48 ( with clay-latered plagioclase, Illite 10 and resorbed quartz) Quartz 12 Matrix: (Quartz + clay + illite) ROCK NAME Argillized lithic tuff


SAMPLE MARK WD - 1 MEGASCOPIC DESCRIPTION Silicified, crustified rock with alternating bands of quartz, sulfide and clay minerals. MICROSCOPIC ANALYSIS Description The specimen consists of crustiform quartz superposed by slender laths of barite. Quartz in open spaces exhibits dogtooth texture projecting towards the inner portion of the vugs. Microgranular variety lines the portion adjacent to the wallrock oftentimes accentuated by lines of occasional hematite defining the vugs’ curved outlines. The hostrock is totally replaced by fine-grained quartz stippled with opaque grains. COMPOSITION % Secondary Quartz 85 Barite 14 Hematite 1 ROCK NAME Crustiform quartz with barite


SAMPLE MARK PTR –1 MEGASCOPIC DESCRIPTION Intensely bleached and argillized rock with crisscrossing iron oxide stringers. MICROSCOPIC ANALYSIS Description The entire specimen is intensely leached and silicified with thick superposition of brown, almost isotropic clay patches and iron hydroxide. Quartz occurs as interlocking, fine-grained granular crystals associated with extremely minute flakes of fibrous, illite-like minerals (pyrophyllite?). COMPOSITION % Secondary Quartz 45 Clay 30 Pyrophyllite (?) 10 Goethite 15 ROCK NAME Leached, oxidized rock REMARKS XRD run is recommended to validate the presence of pyrophyllite

PETROGRAPHIC ANALYSIS

SAMPLE MARK LB-13 MEGASCOPIC DESCRIPTION White, argillized rock with relict ferromagnesian minerals. MICROSCOPIC ANALYSIS Description Despite the thick clay superposition and intense silicification, the porphyritic texture of the original rock can still be discerned by means of relict insets of tabular minerals which are now totally replaced by a mosaic of fine granular quartz. The rock has been totally encroached by silicification such that the bulk of the specimen is now composed of aggregates of quartz interspersed with brown isotropic clay. Opaque grains are disseminated. COMPOSITION % Primary % Secondary Relict phenocrysts (totally replaced) Quartz 78 Clay 20 Opaques 2 ROCK NAME Silicified, argillized porphyritic rock (andesite?)

MINERAGRAPHIC/PETROGRAPHIC ANALYSIS OF SAMPLES SUBMITTED

FOR CYANIDE TEST

SAMPLE MARK MINERALOGY REMARKS CA 5 – 24.26 Pyrite – 3 %

Hematite – trace Quartz – 8% Argillized host rock (clay – about 30%)

Pyrite is coarse-grained and averages about 1 mm in diameter; Clay is a combination of birefringent and isotropic clays.

CA 5- 40.42 Pyrite – 1% Quartz – 15% Argillized host rock (clay about 40% of volume)

Pyrite is coarse-grained as above; Clay is dominantly birefringent;

CA 2 - Pyrite – 1 % Quartz – 6% Argillized host rock (clay more than 50% of volume)

Pyrite is finer-grained; Biggest diameter captured in polished thin section is only 0.1mm; clay is dominantly isotropic;

REMARKS: Samples were prepared in polished-thin sections to determine both opaque and transparent mineral components. Based on the analysis, the composition of all samples is basically similar. The only significant difference lies on the percentage and type of clay component. The determination of clay mineralogy is beyond the scope of microscopy. It may be necessary to conduct SRD or SEM runs. The difference in the grain size of pyrite was also noted.


SAMPLE MARK 89.40 MEGASCOPIC DESCRIPTION Dark gray, massive, pyritized, porphyritic volcanic rock traversed by veinlets of calcite. MICROSCOPIC ANALYSIS Texture: Pophyritic; intersertal; pilotaxitic; Fractured and ill-terminated insets of plagioclase and relict ferromagnesian minerals are set in a groundmass of subparallel, quenched plagioclase microlites with interstitial granules of pyrite and patches of micritic carbonates. The plagioclase microlites often swirl around the bigger phenocrystic grains. Alteration is moderate. Plagioclase insets are altered to albite, calcite and occasionally, flakes of illite and fibers of chlorite. Ferromagnesian insets are pseudomorphed by goethite. The latter also occurs as open space infills. Minute pyrite granules along with fibrous chlorite sometimes define growth zones in plagioclase phenocrysts. Pyrite is the only opaque mineral in the specimen occurring as fine interstitial fillings ( about 0.08mm) and relatively coarser grained (0.2mm to 1mm) open space infills. Composition % Primary % Secondary Phenocrysts: Plagioclase 13 Calcite 5 Relict plagioclase 2 Albite 4 Micritic carbonates 1 Chlorite trace Groundmass: Plagioclase 65 Illite 1 (Pyrite) Clay 1 (Micritic carbonates) Goethite 2 (chlorite) Pyrite 6 ROCK NAME PORPHYRITIC ANDESITE

85

APPENDIX 6

MCPHAR ASSAY CERTIFICATES

86

APPENDIX 7

QUALITY ASSURANCE / QUALITY CONTROL TABLES

Table 15: McPhar's Rock Sample Duplicate(sorted by ascending MPD)

Sample Original Duplicate Average MPD SortedNo. g/t Au g/t Au g/t Au % Rank MPD

59846 0.015 0.015 0.02 0.0 0 0.000 0.01559843 0.015 0.015 0.02 0.0 0.000 0.01559818 0.195 0.195 0.20 0.0 0.000 0.19559790 0.09 0.09 0.09 0.0 0.000 0.09059805 0.66 0.66 0.66 0.0 0.000 0.66059730 0.01 0.01 0.01 0.0 0.000 0.01059740 0.28 0.28 0.28 0.0 0.000 0.28059760 0.005 0.005 0.01 0.0 0.000 0.00559780 0.02 0.02 0.02 0.0 0.000 0.02057641 0.002 0.002 0.00 0.0 0.000 0.00257662 0.005 0.005 0.01 0.0 0.000 0.00557675 0.002 0.002 0.00 0.0 0.000 0.00257686 0.02 0.02 0.02 0.0 0.000 0.02057698 0.015 0.015 0.02 0.0 0.000 0.01557130 0.015 0.015 0.02 0.0 0.000 0.01557154 0.015 0.015 0.02 0.0 0.000 0.01557159 0.005 0.005 0.01 0.0 0.000 0.00557169 0.01 0.01 0.01 0.0 0.000 0.01057280 0.002 0.002 0.00 0.0 10 0.000 0.00257184 0.02 0.02 0.02 0.0 0.000 0.02057209 0.005 0.005 0.01 0.0 0.000 0.00557227 0.005 0.005 0.01 0.0 0.000 0.005

7016 0.025 0.025 0.03 0.0 0.000 0.0257026 0.105 0.105 0.11 0.0 0.000 0.105

57251 0.02 0.02 0.02 0.0 0.000 0.02057260 0.015 0.015 0.02 0.0 0.000 0.01557295 0.055 0.055 0.06 0.0 0.000 0.055

7109 0.035 0.035 0.04 0.0 0.000 0.0357119 1.22 1.22 1.22 0.0 0.000 1.2207226 0.01 0.01 0.01 0.0 0.000 0.010

57271 0.025 0.025 0.03 0.0 0.000 0.0257206 0.015 0.015 0.02 0.0 0.000 0.0157216 0.005 0.005 0.01 0.0 0.000 0.0057225 0.195 0.195 0.20 0.0 0.000 0.195

58826 0.055 0.055 0.06 0.0 0.000 0.05558847 1.170 1.170 1.17 0.0 0.000 1.170

7172 0.005 0.005 0.01 0.0 20 0.000 0.00558849 0.805 0.805 0.81 0.0 0.000 0.80558864 0.002 0.002 0.00 0.0 0.000 0.00258878 0.165 0.165 0.17 0.0 0.000 0.16558885 0.23 0.23 0.23 0.0 0.000 0.230

58898 0.005 0.005 0.01 0.0 0.000 0.0057192 0.005 0.005 0.01 0.0 0.000 0.005

58552 0.055 0.055 0.06 0.0 0.000 0.05558561 0.035 0.035 0.04 0.0 0.000 0.03558917 0.06 0.06 0.06 0.0 0.000 0.06058571 0.01 0.01 0.01 0.0 0.000 0.01058616 0.19 0.19 0.19 0.0 0.000 0.19058651 0.41 0.41 0.41 0.0 0.000 0.41058944 0.085 0.085 0.09 0.0 0.000 0.08558673 0.005 0.005 0.01 0.0 0.000 0.00558681 0.05 0.05 0.05 0.0 0.000 0.05058791 0.77 0.77 0.77 0.0 0.000 0.77059518 0.135 0.135 0.14 0.0 0.000 0.13559559 0.025 0.025 0.03 0.0 0.000 0.02559576 0.010 0.010 0.01 0.0 30 0.000 0.010

0803-01 64.43 64.375 64.40 0.1 0.085 64.40357693 17.565 17.595 17.58 0.2 0.171 17.58059524 2.445 2.44 2.44 0.2 0.205 2.443

7137 2.295 2.29 2.29 0.2 0.218 2.29358758 10.65 10.68 10.67 0.3 0.281 10.66558758 10.65 10.68 10.67 0.3 0.281 10.665

7066 18.62 18.565 18.59 0.3 0.296 18.59358825 5.845 5.865 5.86 0.3 0.342 5.85559835 9.92 9.885 9.90 0.4 0.353 9.90359569 5.355 5.335 5.35 0.4 0.374 5.34558699 13.215 13.265 13.24 0.4 0.378 13.24058945 2.465 2.455 2.46 0.4 0.407 2.460

7205 1.115 1.11 1.11 0.4 0.449 1.11357292 0.99 0.995 0.99 0.5 0.504 0.99358746 3.505 3.485 3.50 0.6 0.572 3.49558781 2.835 2.815 2.83 0.7 0.708 2.825

7104 7.18 7.125 7.15 0.8 0.769 7.15357247 20.375 20.535 20.46 0.8 40 0.782 20.45558908 27.505 27.725 27.62 0.8 0.797 27.61558780 7.51 7.445 7.48 0.9 0.869 7.47858680 1.145 1.135 1.14 0.9 0.877 1.14057689 4.56 4.52 4.54 0.9 0.881 4.54058592 0.515 0.52 0.52 1.0 0.966 0.518

7103 30.445 30.76 30.60 1.0 1.029 30.60359533 21.36 21.585 21.47 1.0 1.048 21.47357633 8.610 8.520 8.57 1.1 1.051 8.56559629 3.775 3.735 3.76 1.1 1.065 3.75557214 12.455 12.59 12.52 1.1 1.078 12.52359630 4.975 4.92 4.95 1.1 1.112 4.94857219 23.7 23.425 23.56 1.2 1.167 23.56359822 0.85 0.84 0.85 1.2 1.183 0.845

58876 0.42 0.415 0.42 1.2 1.198 0.41858655 19.305 19.075 19.19 1.2 1.199 19.19057649 6.665 6.585 6.63 1.2 1.208 6.62558936 0.825 0.815 0.82 1.2 1.220 0.82057128 2.825 2.86 2.84 1.2 50 1.231 2.843

7003 8.41 8.515 8.46 1.2 1.241 8.46359575 13.255 13.425 13.34 1.3 1.274 13.34059529 1.15 1.135 1.14 1.3 1.313 1.14357243 25.385 25.05 25.22 1.3 1.328 25.21858577 1.855 1.88 1.87 1.3 1.339 1.86857144 0.74 0.73 0.74 1.4 1.361 0.735

7112 5.005 4.935 4.97 1.4 1.408 4.97059825 1.71 1.685 1.70 1.5 1.473 1.69859791 9.92 9.745 9.83 1.8 1.780 9.833

7125 2.145 2.185 2.17 1.8 1.848 2.16557246 35.5 36.165 35.83 1.9 1.856 35.83358581 1.265 1.29 1.28 2.0 1.957 1.27857178 17.9 18.26 18.08 2.0 1.991 18.08058696 0.245 0.25 0.25 2.0 2.020 0.24859619 0.69 0.705 0.70 2.2 2.151 0.69859639 5.85 5.98 5.92 2.2 2.198 5.91559604 1.78 1.820 1.80 2.2 2.222 1.80058753 14.435 14.095 14.27 2.4 60 2.383 14.26558753 14.435 14.095 14.27 2.4 2.383 14.265

7060 2.25 2.195 2.22 2.5 2.475 2.22358745 0.58 0.595 0.59 2.6 2.553 0.58859553 1.54 1.58 1.56 2.6 2.564 1.56059810 20.655 20.13 20.39 2.6 2.574 20.393

7182 0.775 0.755 0.77 2.6 2.614 0.76557269 1.31 1.345 1.33 2.6 2.637 1.32858721 10.56 10.28 10.42 2.7 2.687 10.42058580 4.735 4.605 4.67 2.8 2.784 4.67058937 4.94 5.08 5.01 2.8 2.794 5.01058606 29.31 30.145 29.73 2.8 2.809 29.728

7156 4.36 4.49 4.43 2.9 2.938 4.4257065 0.5 0.515 0.51 3.0 2.956 0.5087057 0.855 0.83 0.84 3.0 2.967 0.8437154 0.785 0.81 0.80 3.1 3.135 0.798

59849 0.305 0.315 0.31 3.2 3.226 0.31059738 2.885 2.985 2.94 3.4 3.407 2.93559614 0.590 0.570 0.58 3.4 70 3.448 0.580

7101 51.955 53.845 52.90 3.6 3.573 52.90059833 0.555 0.535 0.55 3.7 3.670 0.54558757 0.26 0.27 0.27 3.8 3.774 0.26558596 0.135 0.13 0.13 3.8 3.774 0.13358757 0.26 0.27 0.27 3.8 3.774 0.265

57665 11.420 11.860 11.64 3.8 3.780 11.64058671 0.495 0.475 0.49 4.1 4.124 0.48557654 35.890 37.465 36.68 4.3 4.294 36.678

7037 15.27 15.985 15.63 4.6 4.575 15.6287187 5.51 5.26 5.39 4.6 4.643 5.385

57682 18.67 19.595 19.13 4.8 4.835 19.13358902 0.8 0.84 0.82 4.9 4.878 0.82058747 0.395 0.415 0.41 4.9 4.938 0.40559775 0.925 0.975 0.95 5.3 5.263 0.95059750 0.09 0.095 0.09 5.4 5.405 0.09358814 0.35 0.37 0.36 5.6 5.556 0.360

7006 39.195 41.71 40.45 6.2 6.217 40.45359798 0.07 0.075 0.07 6.9 6.897 0.07358761 0.07 0.075 0.07 6.9 80 6.897 0.07358761 0.07 0.075 0.07 6.9 6.897 0.07358737 0.21 0.225 0.22 6.9 6.897 0.21857283 0.695 0.745 0.72 6.9 6.944 0.720

7012 0.775 0.72 0.75 7.4 7.358 0.74859800 0.07 0.065 0.07 7.4 7.407 0.06858808 1.125 1.215 1.17 7.7 7.692 1.17059770 0.485 0.525 0.51 7.9 7.921 0.50557150 0.36 0.39 0.38 8.0 8.000 0.37557691 9.07 9.83 9.45 8.0 8.042 9.45057658 0.115 0.125 0.12 8.3 8.333 0.120

7162 0.425 0.390 0.41 8.6 8.589 0.40858566 0.17 0.155 0.16 9.2 9.231 0.16358743 0.21 0.19 0.20 10.0 10.000 0.200

7033 0.57 0.63 0.60 10.0 10.000 0.60059813 0.04 0.045 0.04 11.8 11.765 0.043

PAL-030611-3 0.25 0.22 0.24 12.8 12.766 0.23557639 0.035 0.040 0.04 13.3 13.333 0.03857684 0.035 0.040 0.04 13.3 90 13.333 0.03857692 0.035 0.04 0.04 13.3 13.333 0.03857651 0.215 0.250 0.23 15.1 15.054 0.233

7164 0.03 0.035 0.03 15.4 15.385 0.03358927 0.035 0.03 0.03 15.4 15.385 0.03358907 2.01 2.35 2.18 15.6 15.596 2.18058835 0.105 0.13 0.12 21.3 21.277 0.11858888 0.035 0.045 0.04 25.0 25.000 0.04057216 0.285 0.378 0.33 27.9 27.925 0.33157632 0.020 0.015 0.02 28.6 28.571 0.01857237 0.02 0.015 0.02 28.6 28.571 0.018

7244 0.03 0.04 0.04 28.6 28.571 0.03558840 0.035 0.025 0.03 33.3 33.333 0.03057194 0.01 0.015 0.01 40.0 40.000 0.013

7043 0.01 0.015 0.01 40.0 40.000 0.013

58845 0.015 0.01 0.01 40.0 40.000 0.01358817 0.005 0.01 0.01 66.7 66.667 0.00858833 0.01 0.005 0.01 66.7 66.667 0.00858854 0.01 0.005 0.01 66.7 100 66.667 0.008

183 pairs 4.55 4.61 4.58 5.2 average MPD 4.58 mean0.49 median

0.005 mode92.07 var

9.60 stdev209.58 cov

McPhar's Rock Duplicate Sample MPD Cumulative Frequency

McPhar's Rock Duplicate Sample Scatter Plot


0

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n = 183, mean = 4.58, SD = 9.6, COV = 210 %, min < 0.005, max = 64.4

Table 16: McPhar's Sludge Sample Duplicate(sorted by ascending MPD)

Sample Original Duplicate Average MPD SortedNo. g/t Au g/t Au g/t Au % Rank MPD57678 RC 39.545 38.680 39.11 2.2 0 0.0 0.01057679 RC 3.200 3.205 3.20 0.2 0.0 0.020

57137 0.545 0.560 0.55 2.7 0.0 0.05858767 0.805 0.820 0.81 1.8 10 0.1 0.075

57178 SL 24.600 25.705 25.15 4.4 0.2 0.10857243 SL 34.308 35.480 34.89 3.4 0.2 0.123

07074 11.215 10.870 11.04 3.1 0.6 0.41507070 0.130 0.115 0.12 12.2 20 0.9 0.54007071 6.725 6.580 6.65 2.2 1.0 0.54807076 30.515 31.425 30.97 2.9 1.1 0.553

7112 SL 2.585 2.570 2.58 0.6 30 1.1 0.6987119 SL 0.530 0.550 0.54 3.7 1.1 0.800

58577 2.255 2.290 2.27 1.5 1.3 0.81358579 0.545 0.550 0.55 0.9 40 1.3 0.81358624 23.660 24.370 24.02 3.0 1.4 0.89558626 8.145 8.225 8.19 1.0 1.5 1.10358636 1.185 1.200 1.19 1.3 1.8 1.19358661 1.095 1.110 1.10 1.4 50 1.8 2.27358691 0.425 0.405 0.42 4.8 2.2 2.57858706 0.075 0.075 0.08 0.0 2.2 3.20358708 11.865 11.840 11.85 0.2 60 2.2 3.75558716 0.010 0.010 0.01 0.0 2.2 4.27858727 4.220 4.335 4.28 2.7 2.7 4.94858767 0.805 0.820 0.81 1.8 70 2.7 5.91559501 0.890 0.900 0.90 1.1 2.9 6.65359521 0.020 0.020 0.02 0.0 3.0 8.18559538 0.805 0.795 0.80 1.3 80 3.1 11.04359542 16.415 16.405 16.41 0.1 3.4 11.85359547 0.055 0.060 0.06 8.7 3.7 16.41059619 0.690 0.705 0.70 2.2 4.4 24.01559629 3.775 3.735 3.76 1.1 90 4.7 25.15359630 4.975 4.920 4.95 1.1 4.8 30.97059639 5.850 5.980 5.92 2.2 8.7 34.89459659 0.105 0.110 0.11 4.7 100 12.2 39.113


0.8125 mode119.0542 var

10.9112 sd152.045 cov

McPhar's Sludge Duplicate Sample MPD Cumulative Frequency

McPhar's Sludge Duplicate Sample Scatter Plot


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Table 17: McPhar vs. Intertek Fine Duplicate

McPhar IntertekSample Original Duplicate Average MPD SortedNumber g/t Au g/t Au g/t Au % Rank MPD

7101 51.955 52.000 51.98 0.1 0 0.1 0.157214 12.455 13.500 12.98 8.1 0.4 0.4

7046 0.015 0.010 0.01 40.0 1.3 1.357234 0.230 0.269 0.25 15.6 1.5 1.5

7006 39.195 47.050 43.12 18.2 2.5 2.57026 0.105 0.120 0.11 13.3 20 2.5 2.5

57176 6.600 6.440 6.52 2.5 3.0 3.058657 0.055 0.025 0.04 75.0 3.6 3.658609 4.495 4.755 4.63 5.6 5.4 5.458579 0.330 0.322 0.33 2.5 5.6 5.658580 4.735 4.675 4.71 1.3 5.7 5.758581 1.265 1.220 1.24 3.6 40 8.1 8.158590 0.005 0.016 0.01 104.8 8.2 8.258606 29.310 33.600 31.46 13.6 9.8 9.858655 19.305 17.500 18.40 9.8 11.2 11.258656 8.500 8.050 8.28 5.4 12.2 12.258669 0.150 0.206 0.18 31.5 60 13.1 13.158699 13.215 11.700 12.46 12.2 13.2 13.258721 10.560 10.250 10.41 3.0 13.3 13.358753 14.435 12.900 13.67 11.2 13.6 13.658754 8.455 8.330 8.39 1.5 15.6 15.658659 0.015 0.006 0.01 92.7 18.2 18.258611 0.330 0.304 0.32 8.2 80 21.5 21.5

7120 1.165 1.160 1.16 0.4 31.5 31.57165 0.190 0.167 0.18 13.2 40.0 40.07185 4.675 4.415 4.55 5.7 75.0 75.07199 1.390 1.120 1.26 21.5 92.7 92.77200 0.890 1.015 0.95 13.1 100 104.8 104.8


#N/A mode740.567 var

27.21336 SD142.8065 COV

Chart 5: McPhar vs Intertek Fine Duplicate Mean Percent Difference (MPD)

Cumulative Frequency

Chart 6: McPhar vs Intertek Fine Duplicate Scatter Plot

Fine Duplicate MPD Cumulative Frequency

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1st vs 2nd Lab MPD Percentile Rank

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Table 18: McPhar vs. Intertek Coarse Duplicate

Coarse McPhar IntertekDuplicate Original Duplicate Average MPDSAMPLE # g/t Au g/t Au g/t Au Au1 Au2

57677 13.390 16.900 15.15 23.2 0 2.0 16.800 17.000 0.00757678 39.545 44.650 42.10 12.1 4.7 45.100 44.200 0.01157682 18.670 19.050 18.86 2.0 5.6 19.100 19.000 0.75857128 2.825 2.670 2.75 5.6 50 12.1 2.670 2.74857144 0.740 0.776 0.76 4.7 23.2 0.776 15.14557157 0.010 0.004 0.01 85.7 85.7 -0.005 18.86057195 0.015 0.006 0.01 85.7 10 85.7 0.006 42.098


#N/A mode243.27464 var15.597264 SD137.11794 COV

Duplicate

Chart 7: McPhar vs Intertek Coarse Duplicate Mean Percent Difference (MPD) Cumulative Frequency

Chart 8: McPhar vs Intertek Coarse Duplicate Scatter Plot

McPhar vs. Intertek Coarse Duplicate

0

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87

APPENDIX 8

CONSULTANTS’ REPORTS

BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD.2695 MOUNTAIN HIGHWAY

NORTH VANCOUVER, B.C. CANADA. V7J 2N4Tel. (604) 985 2143; Fax. (604) 988 9909

PrincipalD.G. Bailey, Ph.D., P.Geo., F.Aus.I.M.M., F.G.A.C

MEMORANDUM

To: Mindoro Resources Ltd.Attention: Tony ClimieFrom: David G. BaileyDate: August 29, 2003Subject: Archangel/Lobo Projects

1. General StatementOn August 12th and 13th, 2003, accompanied by Mr. Nonoy Ruelo of MRL, the writer visited

the Lobo and Archangel project areas in order to update knowledge of these project areas in the lightof recent drilling results at Lobo and the acquisition of additional ground at Archangel. I summarisemy observations and conclusions with respect to these projects and offer suggestions for furtherwork.

2. LoboThe Lobo project area hosts a classic high sulphidation precious metal - copper epithermal

system that is overprinted by low sulphidation gold mineralization. I consider that fluids from whichhigh sulphidation mineralization was deposited were channelled upwards along the intersection ofnortheasterly- and northwesterly-striking dilatant structures from an underlying pluton. These fluidswere probably highly acid initially and dominated by metal chloro complexes in solution at relativelyhigh temperature. The resultant heat flux then caused the establishment of circulating cells ofmeteoric water that cooled and diluted the upwelling acid solutions to the point where chlorocomplexes were no longer stable and the solutions were unable to transport base metals. Gold,however, continued to remain in solution, probably as thio complexes (Au + HS-), to be depositedalong the northeasterly-striking structures in zones of hydrothermal brecciation. This is illustratedin plan in Figure 1and in section in Figure 2.

The greatest tonnage potential is at the intersection of northeasterly- and northwesterly-striking structures where wide zones of hydrothermal brecciation and sulphide mineralization wouldbe expected. These zones will decrease in width to the northeast and southwest away from thestructural intersection. However, it is expected that these zones will widen again as they approachanother structural intersection and, thus, should exhibit a “pinch and swell” pattern along strike.

The structural pattern suggested here is supported by an earlier magnetic surveyinterpretation in which northwesterly-striking structures are indicated by the alignment of magneticlows. I suggest that these magnetic lows may be the result of magnetite destructive alteration at thetop of a pluton or the overprinting of an early propylitic alteration assemblage(chlorite+epidote+calcite+magnetite) by an argillic assemblage under which conditions magnetiteis not stable. This argillic assemblage would be spatially related to the same structures that localisethe magmatic hydrothermal plumes and, hence, should display roughly linear patterns.

Obviously there is a pluton at depth but of unknown size and, as yet, of unknown depth.However, Philippine high sulphidation systems tend to be located close to a plutonic source, unlike

2

high sulphidation systems in the Andes, for example. This is possible a function of elevated heatflow within the thinner crust of an island arc environment giving rise to condensed isotherms relativeto a similar heat flux in a continental arc environment. Incidentally, I think that it is precisely thisreason that the controversy between those who advocate a magmatic source for epithermalmineralization and those who deny it exists. Some of those who work in continental arcs tend to seeepithermal mineralization as being unconnected to porphyries (e.g. see the current Carlincontroversies) while those who work in island arcs see a direct genetic relationship because theevidence is well displayed.

Further work should concentrate on defining more precisely the intersections ofnorthwesterly and northeasterly structures so that drillholes can be sited with the maximum effect andminimum cost. Clearly the identification of hydrothermal breccia zones and copper sulphosaltsaccompanied by barite and gold mineralization can be accomplished by detailed prospecting.However, in areas of no outcrop or where younger cover exists detailed magnetic surveying orreinterpretation of existing magnetic data may be fruitful. I am not familiar with all historical aspectsof exploration at Lobo but soil geochemistry would be an obvious task if not already undertaken.Samples should be analysed for all elements indicative of the presence of fahlore minerals and othersulphosalts; inductively coupled plasma emission spectrometry would be ideal as barium would alsobe included, an important indicator of gold in this environment.

3. ArchangelThe prospects within the Archangel project area may be considered to be part of a single

mineralising system. Pulang Lupa, Kay Tanda and extensions into Philex ground are high levelmanifestations of the underlying porphyry deposit inferred to exist at Balibago. Advanced argillicalteration at Pulang and Kay Tanda, the result of supergene processes on a pyrite-rich auriferous lowsulphidation epithermal deposit, passes down into intermediate argillic alteration with illitic clays andthen into a cupriferous phyllic alteration zone that is interpreted to overlie a porphyry copper-golddeposit at Balibago. The upward passage of hydrothermal solutions from an exsolving pluton atdepth became increasingly dominated by meteoric waters and, just as at Lobo a few kilometres to thewest, high sulphidation mineralization was overprinted by low sulphidation silver-goldmineralization deposited by dilute, near neutral pH, waters. This, in turn, was overprinted by clayalteration in an acid environment formed by the oxidation of pyrite in the supergene zone. Remnantlithocaps, the product of acid leaching, remain at Pulang Lupa and Kay Tanda.

The host rock for precious metal mineralization at Kay Tanda and Pulang Lupa is probablydacite and a brecciated dacite plug or dome is exposed on the coastal road below Kay Tanda.Controlling structures for the upward passage of hydrothermal solutions are probably northeasterly-striking faults related to a northeasterly “transfer” structure. It is expected that high sulphidationmineralization may be found within and adjacent to these structures which, as a Lobo, may beidentified by examining linear zones of magnetite-destructive alteration. Such structures may alsohave controlled the emplacement of dacite domes or plugs and the recognition of these features mayalso aid in defining the controlling structures.

The exploration potential for the discovery of additional gold mineralization of similar orgreater grade than that at Kay Tanda is very high as indicated by the continuation of anomalous goldin soils at Pulang Lupa and Kay Tanda to the northeast on neighbouring Philex ground. Thisextension is also reflected in the fact that the mineralized zone recognised at Kay Tanda throughdrilling by WMC and Chase Minerals is open to the east and appears to thicken in this direction.

Further work at Kay Tanda and neighbouring ground is definitely warranted. The area mayrespond positively to induced polarisation surveying in that there appears to be a relationship betweengold and sulphides (mainly pyrite) in unoxidised rock and zones of high chargeability and lowresisitvity would present first order drill targets. In addition, metallurgical work should be

3

carried out on auriferous material at Kay Tanda to determine its leach characteristics; i.e. todetermine whether it is sufficiently siliceous to leach without agglomeration (c.f. Paradise Peak,Nevada) or whether agglomeration is required. Magnetic surveying should also be undertaken overKay Tanda and neighbouring areas to aid in defining northeasterly structures that may have acted asconduits for mineralising solutions derived from the underlying pluton.

Balibago also warrants additional work and magnetic and induced polarisation surveying issuggested over the phyllic alteration zone within and around the Balibago River valley. As at KayTanda, this work should result in defining drill targets that may be tested by reverse circulationdrilling through overburden and phyllic altered rock and coring once potassic alteration is recognised. Because the phyllic zone is exposed over a vertical interval of at least 150 metres, it is not expectedthat potassic alteration will be at a particularly deep level.

David G. BaileyAugust 29, 2003

Dilatant structures

Magmatic hydrothermal plume:hypothetical isotherms decreasing outwards

Meteoric hydrothermal cells

Pluton

Magmatic hydrothermal plume(high sulphidation)

Meteoric hydrothermal cell(low sulphidation)

HS complexes(Au+/-Ag+/-Cu)

Cl complexes(Cu+Ag+Au)

N

SW NE

Figure 1. Schematic plan of Lobo hydrothermal system (not to scale).

Figure 2. Schematic section showing high sulphidation mineralization overprinted by a low sulphidation system.

Structural zone of dilatancyand hydrothermal brecciation

1

Preliminary Structural Geological Observations in the Lobo, Batangas Prospect of MRL

1. General Statement The Lobo Prospect of MRL was visited from 13 to 14 October 2003 for the purpose of evaluating geological structures in relation to pinching and swelling of gold vein systems as deduced from recent surface mapping and drilling activity. Observations during the visit and recommendations for possible future investigations are summarized below. Particular reference is made to intersection of NE-SW and NW-SE trending structures already detected from previous sub-surface geophysical surveys (aeromag) and earlier suggested to be potential locations of vein swells (see Bailey report, 29 August 2003). 2. Observations Salient features observed in the Lobo prospect can be summarized as follows: On fault intersections and vein pinching and swelling

• The Sampson vein is generally oriented N060, dipping steeply (70-85°) to the northwest. Expressions of this structure are best observed in the abandoned Lobo Mine (Photo 1)

• A 20 meter-wide outcrop of a similar vein material is observed at the 236m peak near West Drift (Photo 2). This vein can be projected as a continuation of the Sampson vein SW of the abandoned mine (Fig. 1).

• The Camo vein is not well manifested in outcrop, thus the projected N060 trend (from recent drill data) cannot be verified.

• A dominant fracture pattern trends N040-050, slightly oblique to the Sampson vein direction. Dips are dominantly steep to the NW (75° on the average), but a few SE dips were also observed (Photo 3).

• A less dominant fracture trend is oriented N120-130. • A preliminary projection of the intersection of these 2 fracture trends does not

coincide with any trace (projected or observed) of the Camo vein. It is difficult to establish a spatial relationship between fault intersections and vein existence (much more, pinches and swells). However, although at this stage there seems to be none, the influence of any of these fractures intersecting the vein itself (not the other structural trend), cannot be discounted. Theoretically, veins that fill intersecting faults would tend to adopt the cross-structure geometry of the fault intersection. Based on the preliminary data, such a vein geometry cannot be recognized in Lobo. Vein orientation versus fracture pattern A preliminary statistical analysis of 41 fracture planes of the Sampson vein exposure on peak 236m suggests that:

2

• About 90% of the fractures (faults and shear planes) trend N050 on the average. Dips are essentially directed NW at steep angles (75° on the average). If the vein has a fairly regular tabular geometry, it is expected to maintain a N060, 75°NW attitude at depth.

• A few fractures contain poorly-preserved slickensides suggesting both oblique-normal (70° pitch) and oblique-dextral-slip (25° pitch) faulting (Photo 4).

This may suggest that the dilational structure that accommodated the vein fill may have formed through a stress system that allows either alternate or simultaneous (oblique) normal and strike-slip faulting. Such a stress system may be produced in a transtensional tectonic setting (pull-apart) where shearing is not expressed as a well-defined fault fracture but rather as a zone bounded by a shear pair. In structures produced through such settings, it is common to find swelling at the center of dilation and closing out at the ends towards the shear boundary (Fig. 2). Veins of this type result from the filling in of transtensional en echelon tension gashes (Photo 5). 3. Recommendations It is highly premature at this stage to identify possible locations of swells (for next drill targets) and pinches in the Camo vein. Data gathered are very preliminary and are far from being statistically valid. A better understanding of the structural nature of the veins at Lobo may be achieved by pursuing further work. In the short term, the following work program is recommended:

• Regional structural interpretation of remotely sensed images (aerial photographs, RADAR, JERS, Landsat, etc.)

• Detailed structural field data measurements (1:200 scale) • Shallow surface stress orientation determination (software-aided) • Correlation with existing drill data

In the long term, the following studies should be envisioned: • Correlation of field structural data with the igneous geochemistry of Lobo. The

importance of this study anchors from the observation that the Batangas area lies near the SW tip of the Macolod Corridor (MC) which hosts alkali to calc-alkali volcanic edifices believed to have resulted from extensional tectonics. The MC is characterized by numerous ENE-WSW and NW-SE transtensional structures. This structural direction is similar to that which affects the Lobo area (but relative movement in Lobo cannot be ascertained as yet).

• Age correlation between Lobo volcanics and MC volcanics, the latter having been well dated in recent years. There is significant evidence to show that the MC volcanism is temporally and spatially related to the corridor’s ENE-SW and NW-SE structural grain (although geomorphological signature in the south is still questioned by some). Isotopic age dating of samples that represent the general volcanic activity can shed light to the uncertainty in Lobo.

• Ground geophysics for geometrical description of structures in vertical sections. The configuration of vein systems in the vertical are highly approximative (even speculative) at this stage.

3

Once ages, geochemical signatures and geometrical configurations are verified, the tectonic setting of Lobo can be reconstructed back to the period when mineralization (from ground preparation to mineral deposition) took place. This would certainly allow for a better understanding of the relationship of structures and mineral concentrations. References: Bailey, D.G., 2003. Memorandum to Mindoro Resources Ltd., Bailey Geological

Consultants (Canada) Ltd., 29 August 2003. Corbett, G.J. and Leach, T.M., 1995. SW Pacific Rim Au/Cu systems: Structure,

alteration and mineralization. Workshop Manual, March 1995. Mindoro Resources Limited, 2003. Lobo Project Compilation Map. Unpublished. Ramsay, J.G. and Huber, M.I., 1987. The Techniques of Modern Structural Geology.

Vol. 2: Folds and Faults. Academic Press Inc., London

Fig. 1. Plot of preliminary fault trends in and around the Camo and Sampson Trends, Lobo Prospect, Batangas. Legend as in MRL map. (Modified from Lobo Project Compilation Map, MRL)

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Fig. 2 “Pinch and swell” vein geometries in transtensional areas from actual deposits worldwide. Note Philippine example in Acupan. (Source: Corbett and Leach, 1995)

Photo 1 Exposure of the Sampson vein in the old Lobo Mine. Note steep dip of vein to the left (NW). Swiss knife for scale.

5

Photo 2. Vein subcrop exposed at the summit of Peak 236m, SW of the old Lobo Mine (near West Drift). Note gentler dip (NW) of shear planes.

Photo 3. NE-striking fault zone dipping SE exposed along Sampson Creek. NW dips are more dominant. Geologist for scale.

6

Photo 4. Oblique slickensides (pitch = 75°, in the direction of the red arrow on the scale) observed on fault surfaces affecting the vein exposure at Peak 236m near West Drift.

Photo 5. Textbook example of en echelon tension gashes filled with vein material. Such structures are formed within a transtensional area bounded by a pair of shear zones. Arrows indicate relative movement of shearing. Hammer for scale (Source: Ramsay and Huber, 1987). See also Fig. 2.

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