NI 43-101 Report - Alexandria Minerals Corporation
Transcription
NI 43-101 Report - Alexandria Minerals Corporation
GEOLOGICA Groupe – Conseil NI 43-101 TECHNICAL REPORT ON THE AKASABA PROJECT Province of Quebec Canada NTS: 32C/03 & 32C/04 (UTM Nad 83 Zone 18: 226,000 mE and 5,323,600 mN) Val-d’Or, March 1st, 2013 Alain-Jean Beauregard, P. Geol., OGQ, FGAC Daniel Gaudreault, ing., OIQ, AEMQ Geologica Inc Christian D’Amours, P. Geol., OGQ Geopointcom Inc. SUITE 202 – 450, 3e AVENUE, C.P. 1891, VAL-D’OR, QUEBEC CANADA J9P 6C5 – Tél. : (819) 825-8643 Fax : (819) 824-4266 E-Mail : [email protected] Web : www.geologica.qc.ca Geologica Groupe – Conseil Inc. SIGNATURE NI 43-101 TECHNICAL REPORT ON THE AKASABA PROJECT Prepared for ALEXANDRIA MINERALS CORP. 1 Toronto St., Suite 201 - Box 10 Toronto, Ontario M5C 2V6 Signed in Val-d’Or, March 1st, 2013 ______________________________________________ Alain-Jean Beauregard, P. Geol., OGQ, FGAC, AEMQ _______________________________________________ Daniel Gaudreault, Ing., Geol., OIQ, AEMQ _______________________________________________ Christian D’Amours, P. Geol., OGQ st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 2 Geologica Groupe – Conseil Inc. Certificate of qualification (Alain-Jean Beauregard) I, Alain Jean Beauregard, P. Geol., do hereby certify that: 1. I am a geologist and the president of: Geologica Groupe-Conseil Inc. 450, 3rd avenue, suite 202, P.O. Box 1891, Val d’Or (Québec), J9P 6C5 2. I am a qualified geologist, having received my academic training at Concordia University, in Montreal, Québec (B.Sc. Geology and Mining – 1978) with a certificate in Business Administration (Val d’Or – 1988). 3. This certificate applies to the Technical Report entitled “NI 43-101 Technical Report on the Akasaba Project” (“the Technical Report”). This report was written for Alexandria Minerals Corp., dated March 1st, 2013. 4. I am a Fellow of the Geological Association of Canada #F 4951 (FGAC) and also a member of the Order of Geologists and Geophysicists of Québec #227 (OGQ), of the Québec Mining Exploration Association (AEMQ), of the Canadian Institute of Mining and Metallurgy (CIMM) and the Prospectors and Developers Association of Canada (PDAC). 5. I have worked as a geologist for a total of 34 years since my graduation from University with the production of more thanone thousand technical and financial evaluation reports in English or French for government authorities, private and public companies including numerous market value assessments of mining properties from grassroots projects to developed mines, and several companies' entire portfolio of properties. Organization and management of many exploration campaigns for gold, base metals and industrial metals, especially in remote areas of Abitibi, but also in other parts of Québec (Gaspésie, Gatineau, etc.), in eastern Canada, Europe, Africa and the Americas. 6. I have read the definition of “qualified person” set out in National Instrument 43-101 (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfil the requirements to be a “qualified person” for the purposes of NI 43-101. 7. I am responsible for the technical parts of Items 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 23, 24, 25, 26 and 27 of the Technical Report. I have not recently visited the subject property. However, in December 2012, I have resampled most significant intersections in three (3) drillholes for analytical testing and corroboration. 8. I am not aware of any material fact or material change with respect to the subject matter of the Executive Summary Report that is not reflected in the Technical Report, the omission to disclose which makes the Executive Summary Report misleading. 9. I have not had prior involvement with the property that is the subject of the Technical Report. 10. I am independent of the issuer (Alexandria Minerals Corp.) applying all of the tests in section 1.5 of National Instrument 43-101. 11. I consent to the filing of the Technical Report with any stock exchange and other regulatory authority and any publication by them, including electronic publication in the public company files on their websites accessible by the public, of the Technical Report. I confirm to have read 43-101 F1 form and related appendices and that the Technical Report has been prepared in compliance with the National Instrument 43-101. Dated this March 1st, 2013 __________________________________________________________ Alain-Jean Beauregard, P. Geol., FGAC, OGQ st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 3 Geologica Groupe – Conseil Inc. Curriculum Vitae (Alain-Jean Beauregard) KEY EXPERIENCE Sound knowledge of geological sciences associated with extended experience in property management. Involvement with the evaluation, management and realization of several mining exploration and development properties. Production of nearly one thousand technical and financial evaluation reports in English or French for government authorities and private companies including numerous market value assessments of mining properties from grassroots to developed mines, and several companies' entire portfolio of properties. Organization and management of many exploration campaigns for gold, base metals and industrial metals, especially in remote areas of Abitibi, but also in other parts of Québec (Gaspesia, Gatineau, James Bay, etc.), in eastern Canada, Africa, Europe and the Americas. Very good knowledge of Latin American and African countries. Excellent communication and mediation skills as well as sound administration practice. INTERNATIONAL EXPLORATION MANDATES East Africa - September 1994 - Evaluation of mining properties in Tanzania, Kenya, Ethiopia and Erythrea for Pangea Goldfields and Ressources KWG Inc. United Arab Emirates - June 1994 - Off-shore and on-shore oil and gaz property evaluations. Geoscientific compilations in order to define potential prospective areas for chromite within the ophiolite belt of Semail. West Africa - 1994 - Evaluation of mining properties in Mauritania, Niger, Mali, Burkina Faso, Ivory Coast and Ghana for Placer International Exploration and Placer Outokumpu Exploration Ltd. Morocco - November 1992 to April 1993 - Compilation of the Anti-Atlas in Morocco, in northwestern Africa (180 km2) at the scale of 1:100 000. A detailed report of the Guemassa area (Douar El Ajar VMS deposit) was also completed. Ref. Mr. Garth Wilson, Placer Outokumpu Ltd., London. Argentina - April-May 1991 - Mission in the WNW Andes to evaluate properties for potential gold and base metal deposits: the Cerro Castillo Gold deposit, the Baja de Alumbrera Porphyry Copper deposit, the Farallon Negro Epithermal Gold-Manganese deposit. Republic of Guyana - March 1991 - Evaluation of an alluvial diamond and gold deposit located on the Mazaruni River in the Roraima Formation, 300 km south of Georgetown. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 4 Geologica Groupe – Conseil Inc. CANADIAN EXPERIENCE -Founder, shareholder, director and administrator of Geologica Groupe-Conseil Inc., Val d'Or, (Québec) since 1985 - Management, property supervision, property evaluations, geoscientific compilations at the national and international level. -Mining Geologist, Les Mines Sigma (Québec) Ltée, Val d'Or (Québec), 1981-1985 - Property geologist, geological and geochemical surveys, drilling supervision, grade verification and reserve estimates. -Property Director and Property Geologist, Serem Ltée, Val d'Or (Québec), 1977-1981 Geological and geochemical surveys, supervision of geophysical surveys (Mag, EMH and IP), drilling supervision. -Assistant Geologist, Serem Ltée, Val d'Or (Québec), 1975, under the supervision of Mr. Paul Girard Ph.D and Mr. Ray Goldie Ph.D and for Hollinger North Shore and Labrador Exploration, Eastern Townships and Gaspesia, 1974 -Exploration for base metals and uranium. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 5 Geologica Groupe – Conseil Inc. Certificate of qualification (Daniel Gaudreault) I, Daniel Gaudreault, P. Eng., do hereby certify that: 1. I am currently employed as a geological engineer by: Geologica Groupe-Conseil Inc. 450, 3rd avenue, suite 202, P.O. Box 1891, Val d’Or (Québec), J9P 6C5 2. I graduated with a degree in Geological Engineering from the University of Québec in Chicoutimi in 1983. 3. This certificate applies to the Technical Report entitled “NI 43-101 Technical Report on the Akasaba Project” (“the Technical Report”). This report was written for Alexandria Minerals Corp., dated March 1st, 2013. 4. I am a member of the “Ordre des ingénieurs du Québec # 39834 (OIQ)”, of the Québec Mining Exploration Association (AEMQ) and the Prospectors and Developers Association of Canada (PDAC). 5. I have worked as a geologist for a total of 30 years since my graduation from university. An engineer specialized in geology and mining, I have been involved with all aspects of planning, organization and supervision of mineral exploration properties especially in remote areas of Abitibi, Québec. I have been in charge of teams of professionals and technicians on geological properties in the most severe conditions. I have also completed several geoscientific compilations and technical work and evaluation reports on areas of interest in Québec (Abitibi, James Bay, Eastern Townships, etc.), Ontario (Timmins, Kirkland Lake, etc.) and USA (Nevada and California). 6. I have read the definition of “qualified person” set out in National Instrument 43-101 (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person” for the purposes of NI 43-101. 7. I am responsible for the technical parts of Items1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 15, 23, 24, 25, 26 and 27 of the Technical Report. I have visited the subject Project this February 1st, 2013. 8. I am not aware of any material fact or material change with respect to the subject matter of the Executive Summary Report that is not reflected in the Technical Report, the omission to disclose which makes the Executive Summary Report misleading. 9. I have not had prior involvement with properties that are the subject of the Technical Report. 10. I am independent of the issuer (Alexandria Minerals Corp.) applying all of the tests in section 1.5 of National Instrument 43-101. 11. I consent to the filing of the Technical Report with any stock exchange and other regulatory authority and any publication by them, including electronic publication in the public company files on their websites accessible by the public, of the Technical Report. I confirm to have read 43-101 F1 form and related appendices and that the Technical Report has been prepared in compliance with the National Instrument 43-101. Dated this March 1st, 2013 ___________________________________________________________ Daniel Gaudreault, ing. Geol., OIQ, AEMQ st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 6 Geologica Groupe – Conseil Inc. Curriculum Vitae (Daniel Gaudreault) KEY EXPERIENCE An engineer specialized in geology and mining, Mr. Gaudreault has been involved with all aspects of planning, organization and supervision of mineral exploration properties especially in remote areas of Abitibi, Québec. He has been in charge of teams of professionals and technicians on geological propertys in the most severe conditions. Mr. Gaudreault has also completed several geoscientific compilations on areas of interest in Québec (Abitibi, James Bay, Eastern Townships, etc.), Ontario (Timmins, Kirkland Lake, etc.) and USA (Nevada and California).. Mr. Gaudreault has produced a great number of technical work and evaluation reports in both English and French for government authorities and private companies, such as property evaluations, exploration and environmental reports. He has also completed numerous market value assessments of mining properties from grassroot properties to developed mines including several companies' entire portfolio of properties. WORK EXPERIENCE Project Director, Geologica Groupe-Conseil Inc., Val d'Or (Québec), since 1985 - Project director, planning, mapping, drilling supervision, due diligence, property evaluations, market value assessments, environmental reports, NI 43-101 Technical Reports, fieldwork reports. Senior Geologist, Boileau et Gauthier (Kiwatin) Val d'Or (Québec), 1985 - Planning, mapping and sampling. Senior Geologist, Campbell Resources Ltd., Chibougamau (Québec), 1984-1985 - Project director, planning, drilling supervision, mapping. Junior Geologist, Boileau et Gauthier (Kiwatin) Val d'Or (Québec), 1983-1984 -Drilling program supervision, reports. Junior Geologist, Lac Minerals Ltd., Malartic (Québec), 1983 - Exploration campaign supervision, drilling program, mapping and reports. Assistant Geologist, Lac Minerals Ltd., Val d'Or (Québec), 1982 and Ministry of Energy and Resources of Québec, Desmaraisville (Québec), 1981. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 7 Geologica Groupe – Conseil Inc. Certificate of qualification (Christian D’Amours) Mr. Christian D’Amours, residing at 895, rue Lévis, Val-d’Or, hereby certifies as follows: - The certificate is related to the report entitled "NI 43-101 Technical Report on the Akasaba Project" dated March 1st, 2013 (“the Technical Report”) - I graduated from the University of Quebec in Montreal in geology; - I have been practising on an ongoing basis, the profession of geologist since May 1985; - From 1985 to 1994 the practice of my profession was mainly oriented towards exploration. From 1994 to 1999 I worked primarily in the field of mining. Since 1999, I have been working predominantly in the evaluation of reserves and geostatistics; - I am a member of the Order of Geologists of Quebec (No. 226); - I am co-author of Section 14 of the report; - As of March 1st, 2013, I am not aware of any material fact or material change with respect to the subject matter of this report which is not reflected in this report or of the omission to disclose any such material fact or material change which could make this report misleading; - I am independent from the owners of the lands covered by this report within the meaning of section 1.5 of National Instrument 43-101 Standards of Disclosure for Mineral Properties (“NI 43-101”); - I did not visit the Alexandria Minerals Akasaba property; - I have read the NI 43-101 and Form 43-101F1, and hereby certify that this report has been prepared in compliance with NI 43-101 and Form 43-101F1; - The report gives a true picture of the state of scientific and technical knowledge as of March 1st, 2013. Dated this 1st day of March 2013. _______________________________________________ Christian D’Amours, P. Geol., OGQ st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 8 Geologica Groupe – Conseil Inc. TABLE OF CONTENTS SIGNATURE .................................................................................................................................................... 2 Certificate of qualification (Alain-Jean Beauregard) ........................................................................................ 3 Certificate of qualification (Daniel Gaudreault) ................................................................................................ 6 Certificate of qualification (Christian D’Amours) .............................................................................................. 8 1.0 SUMMARY (Item 1) ................................................................................................................................. 11 2.0 INTRODUCTION (Item 2) ........................................................................................................................ 17 2.1 Terms of Reference ................................................................................................................................. 17 2.2 Scope of Work ......................................................................................................................................... 18 2.3 Basis of the Technical Report .................................................................................................................. 18 2.4 Qualifications and Field Involvement of Consultant ................................................................................ 18 3.0 RELIANCE ON OTHER EXPERTS (Item 3) ........................................................................................... 19 4.0 PROPERTY DESCRIPTION AND LOCATION (Item 4) ......................................................................... 19 5.0 ACCESSIBILITY, LOCAL RESOURCES, INFRASTRUCTURES AND PHYSIOGRAPHY (Item 5)..... 26 6.0 HISTORY (Item 6) ................................................................................................................................... 28 7.0 GEOLOGICAL SETTING AND MINERALIZATION (Item 7).......................................................... 35 7.2 Property Geology and Mineralization ...................................................................................................... 38 8.0 DEPOSIT TYPE (Item 8) ......................................................................................................................... 43 9.0 EXPLORATION (Item 9) ......................................................................................................................... 46 9.1 Humus survey on the Akasaba Project ................................................................................................... 46 9.2 Data Compilation on the Sabourin Property ............................................................................................ 48 10.0 DRILLING (Item 10) .............................................................................................................................. 50 11.0 SAMPLE PREPARATION, ANALYSIS AND SECURITY (Item 11) .................................................... 71 12.0 DATA VERIFICATION (Item 12) ........................................................................................................... 77 12.1 Field visit ................................................................................................................................................ 77 12.2 Database verification and validation ...................................................................................................... 78 12.3 Drill core re-check by Geologica ............................................................................................................ 78 13.0 MINERAL PROCESSING AND METALLURGICAL TESTING (Item 13) ............................................ 91 14.0 MINERAL RESOURCE ESTIMATES (Item 14) .................................................................................... 93 14.1 Methodology .......................................................................................................................................... 94 14.1.1 Drill hole sample database .......................................................................................................... 94 14.1.2 Interpretation of mineralized zones ............................................................................................ 94 14.1.3 High grade capping and compositing ...................................................................................... 100 14.1.4 Variography................................................................................................................................. 100 14.1.5 Bulk density ................................................................................................................................ 101 14.1.6 Block model geometry ............................................................................................................... 101 14.1.7 Grade interpolation .................................................................................................................... 101 14.1.8 Resource categories .................................................................................................................. 102 14.2 Resource Estimation ............................................................................................................................ 103 15.0 ADJACENT PROPERTIES (Item 23) ................................................................................................. 107 16.0 OTHER RELEVANT DATA AND INFORMATION (Item 24) .............................................................. 107 17.0 INTERPRETATION, CONCEPT AND CONCLUSIONS (Item 25) ..................................................... 108 18.0 RECOMMENDATIONS (Item 26) ........................................................................................................ 109 19.0 REFERENCES (Item 27) ..................................................................................................................... 110 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 9 Geologica Groupe – Conseil Inc. LIST OF FIGURES Figure 1 – Location Map with Access and Topography....................................................................................................... 20 Figure 2 – Mining Titles of Akasaba Project ........................................................................................................................ 25 Figure 3. Regional Geologic Map of Alexandria’s Cadillac Break Properties (including Akasaba Project).......................... 37 Figure 4. Schematic interpretation of parallel mineralized lenses identified at the Akasaba mine by Cambior. .................. 39 Figure 5 – Geology of Akasaba Project............................................................................................................................... 41 Figure 6 – Geology of the Akasaba Project (New West Au-Cu Zone) ................................................................................. 42 Figure 7 – Magnetic Gradient Showing the Burried Intrusive west of the Akasaba Project ................................................. 43 Figure 8 – Humus Survey with Gold values (Ref: E. Batailler, December 2012)................................................................. 46 Figure 9 – Mineralized Zones on the Sabourin Property (Ref: E. Batailler, January 2013) ................................................. 49 Figure 10 – General location map of 2011-2012 Drillholes on the Akasaba Project ........................................................... 51 Figure 11 – Detailed location map of 2011-2012 Drillholes on the Akasaba Project ........................................................... 52 Figure 12 – Drillholes recheck samples .............................................................................................................................. 91 Figure 13 – Adjacent Mining Properties ............................................................................................................................ 107 LIST OF TABLES Table 1: Mining Titles of the Sabourin Creek Property ........................................................................................................ 21 Table 2: Mining Titles of the Akasaba Property ................................................................................................................... 24 Table 3: Historical Work of the Akasaba Property ............................................................................................................... 28 Table 4: Historical Work of the Sabourin Property .............................................................................................................. 34 Table 5: Description of Cadillac Break deposits and inactive mines in the area ................................................................. 44 Table 6: Technical Parameters of Alexandria’s 2012 Drillholes .......................................................................................... 53 Table 7: Most significant assay results of the 2011-2012 drillhole program on the Akasaba Project .................................. 56 Table 8: Corroboration of drillhole IAX-12-194 .................................................................................................................... 80 Table 9: Corroboration of drillhole IAX-12-195 .................................................................................................................... 83 Table 10: Corroboration of drillhole IAX-12-200 .................................................................................................................. 85 Table 11: Financial parameter used for Main zone ............................................................................................................. 95 Table 12: Financial parameters used for the West zone ..................................................................................................... 95 Table 13: Variography study (Main and West zones)........................................................................................................ 101 LIST OF APPENDICES APPENDIX I – LIST OF STATUTORY WORK ....................................................................................................................... I APPENDIX II – TABLE OF DRILLHOLE INTERSECTIONS USED IN RESOURCE CALCULATION ................................ IV APPENDIX III – LONGITUDINAL SECTIONS .................................................................................................................XXX st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 10 Geologica Groupe – Conseil Inc. 1.0 SUMMARY (Item 1) At the request of Mr. Eric Owens, President and CEO of Alexandria Minerals Corp. (‘Alexandria’), Geologica Groupe-Conseil Inc. (‘Geologica’) was given the mandate to prepare a NI 43-101 Technical Report including an update of the resource calculation on the Akasaba Project in Val-d’Or, located in the Abitibi Region of Quebec. The updated resource calculation was completed with the collaboration of Mr. Christian D’Amours of Geopointcom. One of the authors (Daniel Gaudreault) has visited the Project on February 1st, 2013. Mr. Alain-Jean Beauregard resampled gold mineralized zones within three (3) drillholes completed by Alexandria. The Akasaba Project is located in northwestern Quebec, Bourlamaque and Louvicourt Townships, partly within the municipality of Val-d’Or about 250 miles (400 km) northwest of the City of Montreal, Province of Quebec : 226,000 mE and 5,323,600 mN,400 mE and 5,324,800 mN on the National Topographic Map reference 32C/04 (Quadrangle sheet). The project is easily accessible by highway 117 using the Colombière village road to the South, which passes south through the Akasaba property. A second road allows to access the southeast portion of the claim group, by turningsouth on highway 117 at the Telebec communication tower and following the esker. The Akasaba Project lies 25 km west of the extensive mining community and experienced man power from Val-d’Or. On site, the only remnants remaining from the past mining activity are concrete foundations. An electric power line crosses the Project. Except for an esker located at the eastern edge, the Project has a flat topography between 335.28 to 350.52 meters. Despite the flat topography, there are only a few small swampy areas. Some small streams are present on the south-west and north-east parts of the project (Akasaba property). A 300 meter by 2.5 kilometer zone of outcrops is located in the south-western portion of the project. The rest of the project is covered by overburden. The Project is located in the center of Alexandria's large Cadillac Break Property Group, a 35 km long, continuous property package comprised of ninety-eight (98) mining claims totalling 1,627.40 hectares and twenty six (26) mining claims totalling 487.48 hectares respectively. All the claims are 100% Alexandria interest. The Akasaba Project is located in the South-central portion of the Abitibi Greenstone Belt, which forms part of the Superior Structural Province. All the rocks of the area are Archean in age, except for the NE-striking diabase dykes which are Proterozoic in age. Volcanic rocks of the Malartic and Piché Groups predominate in the northern half of the area, while clastic sedimentary rocks of the Cadillac and Pontiac Groups are dominant in the southern half of the area. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 11 Geologica Groupe – Conseil Inc. The most prominent structural feature of the area is the Cadillac Break (also known as the Cadillac Tectonic Zone (‘CTZ’)), which is located near, or at the contact between the Pontiac Group and the Malartic Group. It is a major tectonic zone that is characterized by intense shearing and mechanical deformation, and it can be traced from West to East over a total distance of approximately 300 kilometers from Matachewan, Ontario in the west, to east of Louvicourt, Quebec in the east. Later conjugate faulting and fracturing of both northeast and, to a lesser extent, northwest trends have also occurred along its length. The Cadillac Break is one of the most important metallogenic features in the Vald’Or area. Several past producers (eg. East Malartic, Barnat-Sladen, and O’Brien) and recent discoveries such as the Lapa Zone and the Goldex Mine of Agnico-Eagle Mines Inc. are spatially associated with the Cadillac Break and /or related subsidiary structures. The Akasaba Project of Alexandria Minerals Corp. is strategically well located with respect to the Cadillac Break and its related conjugate auriferous structures in the Vald’Or Camp: the Sullivan, Duraine, and Louvicourt Breaks. Several base metals and gold mines and deposits such as Sigma, Lamaque, Bevcon, Orenada, Dorval, Akasaba, Monique and others are located along the eastern part of this tectonic zone and are contiguous to or on the property of Alexandria. The presence of these deposits in the immediate vicinity of the land holdings confirms the potential for finding either new mineralized zones and/or extensions of existing ones. Although low gold values have been found locally on some of the Cadillac Break Group of properties, past exploration efforts have led to the discovery of several significant mineralized zones and occurrences. Moreover, the average depth investigated by exploration diamond drilling on the properties and the general area in the past is approximately 150 meters. The depth extensions of northeast trending display structures from the Cadillac Break and Z shaped folds defined at shallow elevations have historically proven to be favorable exploration targets. Recent discoveries at depth attest of the potential of the region: Agnico Eagle’s Lapa and Goldex deposits on or near the Cadillac Break has stimulated new exploration interest in the region, particularly at depths greater than 500 meters. Between 1960 and 1963, the Akasaba mine produced 265,000 tonnes with an average grade of 5.20 g/t Au and 1.7 g/t Ag. In the 1970’s and early 1980’s Soquem estimated a resource of 255,000 tonnes at 6.33 g/t Au in 4 lenses (A, B, C, D). The gold was thought to be associated with stratiformed disseminated to semi-massive lenses of pyrrhotite-chalcopyrite hosted in mafic lapilli tuffs and brecciated basalt altered with epidote-hornblende-actinolite related to contact metamorphism. The genesis of the deposit remains controversial. Two master thesis present different hypothesis. One of these (Lev Vorobiev, 1998) supports the hypothesis that the mineralization is emplaced during skarn development whereas the other (Jeanne Lebel, 1987) was in favor a VMS st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 12 Geologica Groupe – Conseil Inc. genesis hypothesis. It is possible that the actual Akasaba deposit characteristics and geometry are a result of an overprinting of several gold mineralization events (hydrothermal, orogenic and skarn). Following Alexandria’s exploration work, a series of observations were done on the Akasaba property : - - - - - - - - - Drilling along strike from the historic mine sequence identified several 3m to 10m sub-parallel mineralized zones.. Among the different zones, two (2) have been consistently identified within the mine sequence (Zone A and C). Gold mineralization is mainly associated with altered intermediate to mafic volcanic that are confined to the north by a gabbro sill and to the south by an overlying rhyo-dacitic dome. The parallel gold bearing zones principally occurred in sub-vertically to vertically sheared volcanic units, brecciated basalts, in pillow margins that contact syn to post volcanic dioritic to gabbroic dyke. The alterations associated with the gold mineralization consist in an epidotefeldspar, possibly albite-carbonate association +/- quartz hydrothermal alteration and/or veins. Sulphides are often abundant within the gold bearing zone, but the amount of sulphides does not seem to directly relate to the amount of gold. Sulphides occur in three main forms: semi-massive, disseminated, and finely re-disseminated. The main sulphides observed is pyrrhotite, with anomalous but widespread chalcopyrite. Pyrite mineralization is rare in the main Akasaba horizon. The presence of sulphides within the host rocks may have provided a chemical trap. Gold occurs in alteration zones and/or in quartz-carbonate (salt and pepper texture) veins and veinlets oriented along main deformation. V.G. is very rare and only occurred in quartz carbonate sp (salt and pepper texture) veins along with remobilized pyrrhotite. The deformation corridor is sub-parallel to the Cadillac Break, and is locally displaced along late NE-SW faults. The mineralization and associated alteration are found within the contact metamorphic aureole surrounding a buried intrusive located to the west of the Akasaba property. As a result, potassic and localy felsic alteration become stronger toward the west along with high copper mineralization. Gold mineralization may have been emplaced by hydrothermal activity that occurred late in the volcanic cycle, which means the original gold deposit would have been deformed by the Cadillac Deformation Zone (`CDZ`). The entire system appears to have been altered by the emplacement of a buried intrusive located to the west during which time the development of skarn type mineralization modified the pre-existing gold mineralization. At the time, additional gold may have been deposited by gold bearing fluids ascending the CDZ and sub-parallel structures. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 13 Geologica Groupe – Conseil Inc. - Recent drilling shows that there is still a good potential for economic gold mineralization at depth. Sub-parallel gold zones are present but locally poorly defined. In general, the presence of gold is scattered in those zones. More drilling should be done in order to test those sub-parallel zones. From 2006 to 2012, several exploration surveys were completed on the Project, mainly on the Akasaba property (compilation, mineral characterization studies, reconnaissance mapping, stripping, sampling, soil geochemistry surveys, geophysical surveys and drilling). After receiving encouraging results in late 2008 from its initial 3 hole drill program below the historic Akasaba Mine, Alexandria embarked on a drill program which focused on better defining and explaining gold mineralization in the Mine area. From February 24th 2009 to November 1st 2011, four (4) drilling campaigns were completed, totaling 125 drillholes for 39,004.34 meters. The drilling was conducted by Forage Mercier Inc. and ALXtreme Inc. from Val-d’Or (Quebec). This work led to the first resource estimations at Akasaba in the first quarter of 2012, by Geopointcom, with audit by Geologica. These initial estimations were based on a scenario considering two consecutive steps: near-surface gold mineralization, mostly to a maximum depth of 150 meters, is available through an open pit mining method (50˚ slope), and higher grade deeper gold mineralization is accessed through an underground operation (narrow long hole development with 30 meters between sub-levels). The initial resource estimate (released in March 2012) reported Indicated Resources totalling 239,932 ounces of gold, and Inferred Resources totalling 266,044 ounces of gold, as follows: Open Pit, Indicated: 3,009,214 tonnes grading 1.37 g/t Au (132,475 ounces of gold) Open Pit, Inferred: 284,374 tonnes grading 1.76 g/t Au (16,153 ounces of gold) Underground, Indicated: 563,660 tonnes grading 5.91 g/t Au (107,457 ounces of gold) Underground, Inferred: 1,462,560 tonnes grading 5.29 g/t Au (249,891 ounces of gold) Subsequent to the initial resource estimate, Alexandria turned to step-out drilling, switching tactics from definition of mineralization to focus on growth of the deposit. From November 4th, 2011 to November 10th, 2012, Alexandria Minerals completed 41 drillholes (IAX-11-177 to IAX-12-217) for a total of 17,723.12 meters (see table below). The drilling was completed by Forage Mercier Inc. now Forage Specktra Inc. (39 drillholes) and ALXtreme Inc. (2 drillholes) from Val-d’Or (Quebec). All assays were completed by AGAT Laboratories from Mississauga (Ontario) and some re-check by ALS Chemex Lab in Vald’Or (Quebec). Note that all drillhole logs and assay results from Laboratories are available at the Alexandria office in Val-d’Or (Quebec). In addition to expanding the high grade gold zone beneath the mine, this step-out drill program resulted in a significant new gold-copper discovery, the West Zone, which st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 14 Geologica Groupe – Conseil Inc. straddles the Akasaba and adjacent Sabourin Creek properties. As a result, a new resource calculation was estimated by Christian D’Amours from Geopointcom, accompanied by an audit by Geologica, of the Akasaba Mine zones and the New Au-Cu Akasaba West Zone. Indicated Resources Tonnage Zone Underground Main Pit1 Au Grade Contained (g/t) Gold (oz.) 653,929 5.79 121,657 3,009,214 1.37 132,475 Satellite Pit1 West Zone Pit Totals Inferred Resources Tonnage Au Grade Contained Cu Grade (%) (g/t) Au (oz.) 1,537,973 5.51 Cu in Gold Equiv. (oz.) 2 61,255,885 342,108 61,255,885 342,108 272,385 285,374 1.76 16,153 14,863,740 0.69 332,074 254,132 Contained Cu (Kg) 620,612 0.41 The West Gold-Copper Zone is a zone of disseminated gold-copper mineralization located on the main mine trend 1600 m west of the past-producing Akasaba Mine, where the underground resources are located. As defined by drilling, the West Zone is some 400 m long, 300 m deep, averages 60 m wide, and is open at depth. In contrast with the mine area mineralization, where gold is hosted with quartz-carbonate-pyrite veins, gold in the West Zone is associated with pyrite, chalcopyrite and bornite, hosted within strongly deformed and altered intermediate to felsic volcaniclastic rocks, within the geological influence of the Cadillac Break shear zone and the Callahan granitic intrusive stock. Geologica believes that the Akasaba Project is of sufficient merit for moving forward with additional exploration work to carry out the recommended programs. The recommended technical program is based on technical data which is judged to be representative and appropriate. The Akasaba Property hosts a significant gold resource, classified as Indicated and Inferred resources, from which a part could be potentially reached from the surface. Geologica recommends the completion of a Preliminary Economic Assessment “PEA” study on the Akasaba resources. The complementary drilling should be carefully completed using thorough sampling protocol and geological follow-up (detailed geological and structural approach). The complementary drilling program will have two main objectives: (i) confirming continuity of the New Au-Cu Akasaba New mineralized zones and; (ii) confirming depth continuity of the Akasaba Mines mineralized zones (Main Zone). The work program follows with associated costs: The authors recommend that Alexandria conducts further drilling to increase lateral and depth extensions particularly refine the geological model between different Zones and downplunge of both mineralized zones. Both stepout and infill drilling will permit to reclassify the Inferred resources to Measured and Indicated resources as well as assess the potential to expand the resource base. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 15 Geologica Groupe – Conseil Inc. 15,000 meters @ $200/m (all include) $3,000,000 Additional drilling on previously unexplored en echelon mineralized structures such as the skarn type Zones and deep holes down plunge of Zones. 10,000 meters @ $200/m (all include) $2,000,000 With substantial increase of near surface Measured and Indicated resource, the authors recommend updated resources followed by a prefeasibility study to define underground reserves. Costs are estimated at $500,000 PEA study $500,000 Administration (5%) $ 300,000 Contingencies (10%) $ 630,000 Total budget of 6.93 M$ is recommended to complete this program st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 16 Geologica Groupe – Conseil Inc. 2.0 INTRODUCTION (Item 2) At the request of Mr. Eric Owens, President and CEO of Alexandria Minerals Corporation (‘Alexandria’), Geologica Groupe-Conseil Inc. (‘Geologica’) was given the mandate to prepare a NI 43-101 Technical Report including an updated resource calculation on the Akasaba Project (the “Project”) in Val-d’Or, located in the Abitibi Region of Quebec (Figure 1). The updated resource calculation was completed with the collaboration of Mr. Christian D’Amours of Geopointcom. All the assessment work records (statutory work) registered with the Quebec Department of Natural Resources (MRNFQ) were carefully examined. The reports and the geological maps published by the MRNFP, recent work, and work currently in progress were also reviewed. This report contains an evaluation of all available data, as well as recommendations for follow-up work designed to access and increase the gold potential of the Project. The Project is located in the south-central portion of the Abitibi Greenstone Belt, which produced more than 170 million ounces over last 90 years, and forms part of the Superior Structural Province. The regional geology of the area is presented on the Figure 3. 2.1 Terms of Reference Weight & Mass g kg g/t oz oz/st ppb ppm st t Linear & Area Measures Grams Kilograms Grams per metric tonne Troy ounces Ounces per short tonne Parts per billion Parts per million Short ton Metric tonne Weight 1 oz (troy) 1 oz (troy)/st 1 pound (lb) 1 pound (lb) pound 1 short ton 1g mm m km ha ‘ ‘’ Millimeters Meters Kilometers Hectares Feet Inch Others °C $ Celsius Degree Canadian Dollars Linear & Area Measures = = = = 31.103 34.286 0.454 1.215 g g/t kg troy = = 0.907 t 0.03215 oz 1 inch = 1 foot = 1 mile = 1 ha = 1 square mile = st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 2.54 cm 0.3048 m 1.6 km 2 0.01 km 640 acres = 259 hectares 17 Geologica Groupe – Conseil Inc. 2.2 Scope of Work The scope of work undertaken by Geologica involved an assessment of the geological and mineral ressources aspects of the Project in Val-d’Or, Quebec, Canada. 2.3 Basis of the Technical Report In summary, this technical report is based on recent NI 43-101 of the Akasaba property for Alexandria in 2012 and reports completed by previous owners, geological investigations and independent check assaying. 2.4 Qualifications and Field Involvement of Consultant Geologica’s Inc. independence is ensured by the fact that it holds no equity in any property and that its ownership rests solely with its staff. This allows Geologica to provide its clients with conflict-free and objective recommendations on crucial judgment issues. This technical report has been prepared based on a technical and economic review by Geologica and Geopointcom assisted by Alexandria management and exploration personnel. Neither Geologica nor any of its employees involved in the preparation of this report has any beneficial interest in Alexandria. Geologica will be paid a fee for this work in accordance with normal professional consulting practice. The following Geologica staff, one of the authors, Daniel Gaudreault acting as Qualified Persons under National Instrument 43-101, conducted personal inspections of the Project in a field visit February 1st, 2013 and took some pictures of accesses and drill sites of New Au-Cu Akasaba West zone and Akasaba Mine Area. The authors have reviewed and analysed data provided by Alexandria Minerals Corporation, their consultants and previous owners of the Project, and have drawn their own conclusions there from, augmented by its direct field examination on the property. Geologica has not carried out any independent exploration work nor drilled any drillhole samples on the Project. However, the presence of gold in the local rocks is substantiated by the previous mining history by Iamgold and other owners and the numerous prospectors in the area. Geologica has performed an estimation of resources on the Project with the participation of Mr. Christian D’Amours of Geopointcom (Section 14.0). A re-check sampling of three (3) drillholes (IAX-12-194, IAX-12-195 and IAX-12-200) was completed by one of the authors (A.J. Beauregard) in order to confirm the presence of mineralization and corroborate the data validation (see section 12.0). While exercising all reasonable diligence in checking, confirming and testing data, Geologica has relied upon the data presented by Alexandria in formulating its opinion. The various agreements under which Alexandria holds title to the mineral lands for this property have been confirmed by Geologica. The description of the Project, and ownership thereof, as set out in this report, are provided for general information purposes only. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 18 Geologica Groupe – Conseil Inc. The metallurgical, geological, mineralization and exploration technique descriptions used in this report are taken from reports prepared by Alexandria and previous owners. Geologica is pleased to acknowledge the helpful cooperation of Alexandria management and exploration personnel all of whom made any and all data requested available and responded openly and helpfully to all questions, queries and requests for material. 3.0 RELIANCE ON OTHER EXPERTS (Item 3) The authors from Geologica have not verified the legality of any underlying agreement(s) that may exist concerning the licenses or other agreement(s) between parties and the permitting. Geologica offers no opinion as to the validity of the mineral title claimed by Alexandria. The description of the Project, and ownership thereof, as set out in this report, are provided for general information purposes only. 4.0 PROPERTY DESCRIPTION AND LOCATION (Item 4) The Project is located in northwestern Quebec, Bourlamaque and Louvicourt Townships, partly within the municipality of Val-d’Or about 250 miles (400 km) northwest of the City of Montreal, Province of Quebec : 226,000 mE and 5,323,600 mN on the National Topographic Map reference 32C/04 (Quadrangle sheet). st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 19 Geologica Groupe – Conseil Inc. Figure 1 – Location Map with Access and Topography The Project extends over two (2) properties: Sabourin and Akasaba Properties comprises ninety-eigth (98) mining claims totalling 1,627.40 hectares and twenty six (26) mining claims totalling 487.48 hectares respectively (Table 1, Table 2 and Figure 2). All the claims are 100% Alexandria interest. The status of the claims was verified using GESTIM, the governments system for management of claims, available on the MRNFQ website: https://gestim.mines.gouv.qc.ca/MRN_GestimP_Presentation/ODM02101_login.aspx st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 20 Geologica Groupe – Conseil Inc. Table 1: Mining Titles of the Sabourin Creek Property MINING CLAIM 2778851 2778852 2778853 2778854 2778855 2778861 2778862 2778863 2778864 2778865 3145913 3145914 3145915 3170584 3173141 3173144 3173145 3173151 3173152 3173153 3173154 3173155 3173161 3173162 3173163 3196143 3196144 3199012 3199013 EXPIRED DATE 22/05/2015 23:59 22/05/2015 23:59 22/05/2015 23:59 22/05/2015 23:59 22/05/2015 23:59 22/05/2015 23:59 22/05/2015 23:59 22/05/2015 23:59 22/05/2015 23:59 22/05/2015 23:59 28/07/2013 23:59 28/07/2013 23:59 28/07/2013 23:59 16/03/2015 23:59 29/07/2013 23:59 29/07/2013 23:59 29/07/2013 23:59 31/07/2013 23:59 31/07/2013 23:59 31/07/2013 23:59 31/07/2013 23:59 31/07/2013 23:59 30/07/2013 23:59 30/07/2013 23:59 30/07/2013 23:59 08/03/2015 23:59 08/03/2015 23:59 08/03/2015 23:59 08/03/2015 23:59 AREA (Ha) EXCEDENT REQUIRED WORK REQUIRED FEES OWNER 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 16188.84 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 4524.07 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 8606.28 1000 27.75 Alexandria Minerals Corporation (100%) 16 17928.2 1000 27.75 Alexandria Minerals Corporation (100%) 16 207 1000 27.75 Alexandria Minerals Corporation (100%) 16 207 1000 27.75 Alexandria Minerals Corporation (100%) 16 769.97 1000 27.75 Alexandria Minerals Corporation (100%) 16 37237.51 1000 27.75 Alexandria Minerals Corporation (100%) 16 207 1000 27.75 Alexandria Minerals Corporation (100%) 16 3155 1000 27.75 Alexandria Minerals Corporation (100%) 10 3332 1000 27.75 Alexandria Minerals Corporation (100%) 16 207 1000 27.75 Alexandria Minerals Corporation (100%) 16 207 1000 27.75 Alexandria Minerals Corporation (100%) 16 207 1000 27.75 Alexandria Minerals Corporation (100%) 16 207 1000 27.75 Alexandria Minerals Corporation (100%) 16 207 1000 27.75 Alexandria Minerals Corporation (100%) 16 207 1000 27.75 Alexandria Minerals Corporation (100%) 16 2680.43 1000 27.75 Alexandria Minerals Corporation (100%) 16 2743 1000 27.75 Alexandria Minerals Corporation (100%) 16 5525.56 1000 27.75 Alexandria Minerals Corporation (100%) 16 17498.4 1000 27.75 Alexandria Minerals Corporation (100%) 16 23353.48 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 21 Geologica Groupe – Conseil Inc. MINING CLAIM 3215652 3215653 3215654 3245031 3245041 3245042 3455871 3455872 3455873 3455874 3455875 3455883 3455884 3455885 3471821 3471822 3471823 3471824 3471825 3504541 3504542 3504543 3504544 3504545 3504551 3504552 3504553 3504554 3504555 3504561 EXPIRED DATE 09/03/2015 23:59 09/03/2015 23:59 09/03/2015 23:59 08/03/2015 23:59 08/03/2015 23:59 08/03/2015 23:59 01/04/2015 23:59 01/04/2015 23:59 01/04/2015 23:59 01/04/2015 23:59 01/04/2015 23:59 30/03/2015 23:59 30/03/2015 23:59 30/03/2015 23:59 01/04/2015 23:59 01/04/2015 23:59 01/04/2015 23:59 01/04/2015 23:59 01/04/2015 23:59 25/03/2015 23:59 25/03/2015 23:59 25/03/2015 23:59 25/03/2015 23:59 25/03/2015 23:59 26/03/2015 23:59 26/03/2015 23:59 26/03/2015 23:59 26/03/2013 23:59 26/03/2015 23:59 27/03/2015 23:59 AREA (Ha) EXCEDENT REQUIRED WORK REQUIRED FEES OWNER 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 31543.86 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 207 1000 55.5 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 1625 1000 27.75 Alexandria Minerals Corporation (100%) st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 22 Geologica Groupe – Conseil Inc. MINING CLAIM 3504562 3504563 3504564 3504565 3609251 3609252 3609253 3609254 3609255 3609261 3609262 3609263 3609264 3609265 3609271 3609272 3609273 3609274 3609275 3609281 3609282 3609283 3609284 3609285 3923021 3923022 3923023 3923024 3923025 3923031 EXPIRED DATE 27/03/2015 23:59 27/03/2015 23:59 27/03/2015 23:59 27/03/2015 23:59 28/03/2015 23:59 28/03/2013 23:59 28/03/2013 23:59 28/03/2013 23:59 28/03/2013 23:59 30/03/2015 23:59 30/03/2015 23:59 30/03/2015 23:59 30/03/2015 23:59 30/03/2015 23:59 31/03/2015 23:59 31/03/2015 23:59 31/03/2015 23:59 31/03/2015 23:59 31/03/2015 23:59 27/03/2015 23:59 27/03/2015 23:59 27/03/2013 23:59 27/03/2015 23:59 27/03/2013 23:59 27/05/2015 23:59 27/05/2015 23:59 27/05/2015 23:59 27/05/2015 23:59 27/05/2015 23:59 28/05/2015 23:59 AREA (Ha) EXCEDENT REQUIRED WORK REQUIRED FEES OWNER 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 1861 1000 27.75 Alexandria Minerals Corporation (100%) 16 30742 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 207 1000 55.5 Alexandria Minerals Corporation (100%) 16 207 1000 55.5 Alexandria Minerals Corporation (100%) 16 207 1000 55.5 Alexandria Minerals Corporation (100%) 16 207 1000 55.5 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 207 1000 55.5 Alexandria Minerals Corporation (100%) 16 682 1000 27.75 Alexandria Minerals Corporation (100%) 16 207 1000 55.5 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 23 Geologica Groupe – Conseil Inc. MINING CLAIM 3923032 3923033 3923034 3923035 C008911 C008912 C008921 C008922 C008923 EXPIRED DATE 28/05/2015 23:59 28/05/2015 23:59 28/05/2015 23:59 28/05/2015 23:59 18/11/2014 23:59 18/11/2014 23:59 18/11/2014 23:59 18/11/2014 23:59 18/11/2014 23:59 AREA (Ha) EXCEDENT REQUIRED WORK REQUIRED FEES OWNER 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 16 0 1000 27.75 Alexandria Minerals Corporation (100%) 28 0 2500 54.25 Alexandria Minerals Corporation (100%) 33,2 0 2500 54.25 Alexandria Minerals Corporation (100%) 28 0 2500 54.25 Alexandria Minerals Corporation (100%) 36 13027.17 2500 54.25 Alexandria Minerals Corporation (100%) 20,2 3951.87 1000 27.75 Alexandria Minerals Corporation (100%) Table 2: Mining Titles of the Akasaba Property MINING CLAIM EXPIRED DATE AREA (Ha) EXCEDENT REQUIRED WORK REQUIRED FEES OWNER 37731 26/04/2015 23:59 19.6 28884.8 1000 27.75 Alexandria Minerals Corporation (100 %) 37732 26/04/2015 23:59 26 462640.6 2500 54.25 Alexandria Minerals Corporation (100 %) 37734 26/04/2015 23:59 15.2 3334 1000 27.75 Alexandria Minerals Corporation (100 %) 37735 26/04/2015 23:59 30 37646 2500 54.25 Alexandria Minerals Corporation (100 %) 37741 26/04/2015 23:59 12.8 9419.37 1000 27.75 Alexandria Minerals Corporation (100 %) 37743 26/04/2015 23:59 21.6 332438.56 1000 27.75 Alexandria Minerals Corporation (100 %) 37744 26/04/2015 23:59 20.4 272484 1000 27.75 Alexandria Minerals Corporation (100 %) 37745 26/04/2015 23:59 12.4 122325.33 1000 27.75 Alexandria Minerals Corporation (100 %) 37751 26/04/2015 23:59 35.2 5845 2500 54.25 Alexandria Minerals Corporation (100 %) 37752 26/04/2015 23:59 28 0 2500 54.25 Alexandria Minerals Corporation (100 %) 37754 26/04/2015 23:59 19.6 2824.78 1000 27.75 Alexandria Minerals Corporation (100 %) 37761 29/04/2015 23:59 10 0 1000 27.75 Alexandria Minerals Corporation (100 %) 37762 29/04/2015 23:59 7.2 0 1000 27.75 Alexandria Minerals Corporation (100 %) 37763 29/04/2015 23:59 37.6 0 2500 54.25 Alexandria Minerals Corporation (100 %) 37764 29/04/2015 23:59 24.4 25976.68 1000 27.75 Alexandria Minerals Corporation (100 %) 2173431 27/10/2014 23:59 6.92 318442 500 27.75 Alexandria Minerals Corporation (100 %) 2173432 27/10/2014 23:59 29.39 1590533 1200 54.25 Alexandria Minerals Corporation (100 %) 2173433 27/10/2014 23:59 3.17 163309 500 27.75 Alexandria Minerals Corporation (100 %) st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 24 Geologica Groupe – Conseil Inc. MINING CLAIM EXPIRED DATE AREA (Ha) EXCEDENT REQUIRED WORK REQUIRED FEES OWNER 3672671 16/05/2015 23:59 16 1386 1000 27.75 Alexandria Minerals Corporation (100 %) 3672673 16/05/2015 23:59 16 0 1000 27.75 Alexandria Minerals Corporation (100 %) 3672675 16/05/2015 23:59 16 3955 1000 27.75 Alexandria Minerals Corporation (100 %) 3672681 15/05/2015 23:59 16 8345.31 1000 27.75 Alexandria Minerals Corporation (100 %) 3672682 15/05/2015 23:59 16 0 1000 27.75 Alexandria Minerals Corporation (100 %) 3672683 15/05/2015 23:59 16 0 1000 27.75 Alexandria Minerals Corporation (100 %) 3672684 15/05/2015 23:59 16 2657.5 1000 27.75 Alexandria Minerals Corporation (100 %) 3672685 15/05/2015 23:59 16 597897.64 1000 27.75 Alexandria Minerals Corporation (100 %) Figure 2 – Mining Titles of Akasaba Project st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 25 Geologica Groupe – Conseil Inc. 4.1 Environmental Obligation A portion of the Project (Akasaba property) is covered by muck pile from the previous mining operations at the Akasaba Mine from 1959 to 1963 (Figure 2). This muck pile is largely confined on and around the old shaft base. It is generally stable and fairly dry and support grasses and herbaceous growth. Iamgold or its predecessors previously planted conifers on various parts of the tailings and these trees appear to be doing well. The tailing does not appear to have the potential to generate acid mine drainage. In order to conduct exploration work, Alexandria must respect all laws relative to exploration and request all the appropriate forest intervention permits from the Quebec Natural Resource and Fauna Ministry department of forest for all drilling and trenching related activities. 5.0 ACCESSIBILITY, LOCAL RESOURCES, INFRASTRUCTURES AND PHYSIOGRAPHY (Item 5) Access The Project is easily accessible by highway 117 using the Colombière village road to the South, which passes south through the Akasaba property (Photo 1). A second road allows to access the southeast portion of the claim group, by turning south on highway 117 at the Telebec communication tower and following the esker. Photo 1: Main access road (view to the North) st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 26 Geologica Groupe – Conseil Inc. Local Resources and Infrastructures Val-d’Or, with an extensive mining community and experienced manpower, lies 25 kilometers west of the Project. On site, the only remnants remaining from the past mining activity are concrete foundations. An electric power line crosses the Project (on the Akasaba property). Topography and Vegetation Except for an esker located at the eastern edge of the Akasaba Project (Sabourin property), the Project has a flat topography between 335.28 to 350.52 meters. Despite the flat topography, there are only a few small swampy areas. Some small streams are present on the south-west and north-east parts of the property. A 300 meters by 2.5 kilometers zone of outcrops is located in the south-western portion of the Akasaba property. The rest of the Project is covered by overburden (Figure 1 and Photo 2). Photo 2: Small swampy area (view to the north) Climate Based on Environment Canada statistics, from 1971 to 2000, the region was characterized by a mean daily temperature of 12°C. The month of July has an average temperature of 17.2°C, whereas the month of January averages – 17.2°C. The extreme minimum recorded temperature was -43.9°C, whereas the highest recorded temperature was 36.1°C. There were 209 days recorded below freezing point. The average annual precipitation of water is 954 mm. The month of September receives the highest average precipitation with 101.5 mm of water. However, July is the month with the highest daily amount of precipitation with 68 mm of water. Snow precipitation ranges from October to May with the highest amounts between November and March. The average of precipitation (in mm of water) for this six month period is 54 mm. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 27 Geologica Groupe – Conseil Inc. 6.0 HISTORY (Item 6) Since 1923, the Akasaba property has a long history of prospecting, exploration and mining activities (Table 3). The Table 4 shows the effort realized on the Sabourin property. Table 3: Historical Work of the Akasaba Property Date Company / Individual Work descriptions Results References 1923 MM. Rickaby & McNiven Prospection Discovery of copper and gold showings 1 1926 Victoria Syndicate The company is incorporated. Drilling 1 Hold 6 claims GM 61751, GM 62246 Incorporated 1928 - 1929 Obaska Mines Ltd. 2 zones of gold-copper Property offered by option to Ventures Ltd. 1929 Valbec Exploration Ltd. 1930 – 1940 Mine Creators Ltd. 1941 – 1942 Drilling: 11 holes (H-1 @ H11)= 610 meters. Frobisher Exploration Company 1, GM 62246 1 1 Some work done by those companies. GM 08369 Property is optioned 1 Drilling: 11 holes (F-1 @ F-11) = 922 meters. GM 02085-A GM 8382 Frobisher entitlement to Obaska 1942 1 GM 02085-B Obaska Lake Mines Ltd. 1944 1945 Magnetometric & geological surveys 1 Drilling: 30 holes (H-12 @ H-39, H-41, H-44) = 3 370 m. GM 61751 Drilling: H-40,H-45,H-46:532 m. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. Reserve calculation: 28 1 Geologica Groupe – Conseil Inc. Date Company / Individual Work descriptions Prospection Results References 2 mineralized lens: GM 61751 - East : 135,143 t @ 6.4 g/t Au - West : 34,466 t @ 6.89 g/t Au, 0.702 Ag/t, 0.9%Cu. Electromagnetic & geological surveys Drilling: 3 holes (H-47 @ H-49: 460 meters. 1950 1 Sinking Shaft Drilling : 6 holes (H-50 @ H-55) : 1,006 meters. Sinking vertical shaft wt 3 compartments. 1951 1 Underground Drilling: (U-1-1 @ U-1-50): 1 306 meters, (U-2-1 @ U-2-47): 2 928 meters. Drilling: 15 holes (H-56 @ H-70): 2,212 meters. 1 Trench: 52.4 m3 GM 61751 Cartography / Prospection GM 03276-B, -A 1952 GM 02000 Incorporated by Obaska Lake Mines Ltd. and Bevcon Gold Mines Ltd. 1959 1960 Akasaba Gold Mines Ltd. Ventures Ltd. Drilling: 24 holes (SB-71 @ SB82, S-84 @ S-95): 3,700 meters. Reserve Calculation East Lens 19,131 t @ 5.76 g/t Au. Level 1 Drilling: 9 holes (T-1 @ T-9): 159 meters Underground Development Level 2 Drilling: 2 holes (U2-37A @ U2-40A): 392 meters Stope preparation Acquisition of Frobisher stake st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 1 1 29 Geologica Groupe – Conseil Inc. Date Company / Individual Work descriptions Akasaba Gold Mines EXPLOITATION 1960-1963 Results References GM 10078 Geological Report 1962 Falconbridge Nickel Mines 1963 Acquisition of Ventures Ltd stake 1 Drilling : 6 holes (S-95A @ S1100) : 727 meters. GM 61751 EM Horizontal Surveys and Magnetometric Surveys Exploitation : 262,568 t at 5.14 g/t Au and 1.7 g/t Ag Level 1 Drilling: 72 holes (B1-51 @ B1-94, B1-60A, 71A, 76A, B196 @ -106, B1-108 @ -121): 2,028 meters Recuperation (91.4%) of 39,744 ounces Au and 12 746 ounces Ag. Level 2 Drilling: 43 holes (B2-48 @ B2-89, B2-51A): 2,223 meters Cartography / Prospection W.W. Denis. With a group Acquisition of Obaska Lake Mines Ltd 1, GM 61751 Falconbridge Nickel Mines Acquisition of the control of Akasaba Gold Mines Ltd of Obaska Lake Mines Ltd. 1, GM 61751 1967 EM, Mag Surveys by Geoterrex 1, GM 61751 1970 Become International Obaska Mines Ltd. 1 Hg (Mercury) survey 1 Magnetometric, VLF, EMH surveys 1 Drilling: 3 holes (S-101 @ S103): 447 meters GM 28513 Cartography / Prospection GM 61751 1964 1965 Obaska Lake Mines Ltd 1971 1972 Falconbridge Nickel GM 28252 1976 Akasaba Gold Mines Become Akasaba Ressources st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 1 30 Geologica Groupe – Conseil Inc. Date 1981 1982 Company / Individual Work descriptions Ltd Drilling Falconbridge/Internat Obaska Results References Geological and Structural surveys GM 38234, GM 37808 PP Survey GM 37807, GM 37806 Report GM 38399 Brominco Inc. Option for the Falconbridge property 1978 PP Survey 1 Drilling : 5 holes (475-79-1 @ 79-5) : 964 meters GM 35049 6 chargeability anomalies (not drilled until 1983) 1979 GM 61751 GM 35049 GM 35048 GM 34909 Lithogeochemistry 1980 Soquem (Louvem) Compilation 1 Disappointing results Line cutting: 45 kilometers 1981 GM 61751 GM 36088 Magnetometric Survey (45.7 km) Mineralized lens GM 37806 PP Survey Stripping: better comprehension GM 37807 Report on these surveys Recognition of the mineralized unit GM 37808 Drilling : 9 holes (475-81-06 @ 81-14) : 2,008.6 meters GM 61751 Stripping, sampling and analysing Geological and Structural Survey st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 31 Geologica Groupe – Conseil Inc. Date Company / Individual Work descriptions Results References Drilling : 7 holes (475-81-15 @ 81-18, 475-82-19 @ 82-21) : 1,441 meters Recognition of geophysical targets. 1 Report on these drilling and exploration programs Probable Reserves: 376,770 t at 5.2 g Au/t with 3.2 m thickness on 4 lens and a potential of 200,000 to 300,000 t with same grade GM 61751 Stratigraphic Drilling : by MER : 3 holes (81-1 @ -3) : 686.40 meters Compilation 1982 Reserves calculation GM 39684 GM 39236 Drilling : 1 hole (475-83-22) : 140 m 1983 PP Survey 1, GM 39915 No gold values GM 61751, GM 41262 Agreement Soquem - Louvem 1985 March 1 Exploration Société Minière Louvem / 50% Soquem 1986 Compilation 1 Prospection and Sampling GM 61751, GM 62246 Master by Jeanne Lebel 1987 1994-1995 Louvem Cambior / Cambiex Compilation Hole: 8.8 g/0.71 m et 11.8 g/ 0.91 m 1 Drilling: 1 hole () 373 meters Reserve : GM 61751 Reserve calculation Total : 254,750 t at 6.33 g/t Au (cutting grade : 3.4 g/t) GM 62246 Potential : 100,000 t GM 45687 Drilling:13 holes 4,802 meters GM 61751 Pulse-EM survey GM 62246 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 32 Geologica Groupe – Conseil Inc. Date Company / Individual Work descriptions Results References Humus Geochemistry survey GM 52955 Stripping GM 52862 Lithogeochemical Sampling 1998 2003 Cambior Exploration 2004 2005 2006-2011 1. Alexandria Minerals Master by Lev Vorobiev GM 62246 Showing visits GM 61751 Lithogeochemistry Sampling GM 62246 Geophysical Compilation Drilling: 616 meters GM 61751, GM 62246 Drilling: 2 holes 1,130 meters GM 62246 Mag and PP Surveys GM 61960 Data Compilation Resources : Internal Reports Mag and IP Surveys Underground: (NI 43-101 on Sedar) Mapping and reconnaissance survey Indicated: 563,660 t at 5.91 g/t Au; Inferred : 1,462,560 t at 5.29 g/t Au Resources Calculation Open Pit : Drilling: 125 drillholes = 39,004.34m Indicated : 10,092,937 t at 1.37 g/t Au (ratio O/W : 2.4); Inferred : 497,083 t at 1.76 g/t Au (ration O/W : 0.7) Société Minière Louvem Inc. 1987 – Propriété Akasaba. Synthèse géologique et évaluation du potentiel économique. Février 1987. Soquem. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 33 Geologica Groupe – Conseil Inc. Table 4: Historical Work of the Sabourin Property Date Company / Individual Work descriptions Results Reference 1944-1983 Goldora Mines Ltd. Macbart Mines Ltd. Jolin Bourlamaque Mines Nemrod Mining/Timrod Mining Sabourin Creek Mines Ltd Groupe Minier Brossard (Brominco) 1984 Brominco / Esso Minerals 1985-1986 1987-1988 Aur Resources Inc Drilling: 57 holes 10,500 meters Geophysical Surveys IP Surveys Report Mag Survey Agreement with Esso Minerals Compilation Line Cutting MAG/VLF Surveys Humus Sampling Cartography Brominco become Aur Resources Agreement with Esso Minerals Striping Detailed Cartography PPL-IP Surveys (110.5 kilometers) Overburden Drilling: 162 holes Drilling: 24 holes 5,036.2 meters Agreement with Zuni Energy Corp Drilling: 14 holes 2,822.1 meters 1996 1997 2004-2006 Alexis Minerals Corp. 2007-2011 GIS Compilation Drilling: 11 holes 3,967.5 meters PEM Survey on DDH 403-45 IP Resistivity Survey Agreement with Aur Resources Drilling: 3 holes (AMCD-22 @ -24) 941.8 meters Electromagnetic (PEM) Survey on DDH Lithogeochemistry Sampling Discovery of Sabourin Creek and Jolin Bourlamaque mineralized zones. GM 61829, GM 56176 GM 33353 GM 06920 GM 32927 GM 06908 GM 32868 GM 06906 GM 29536 GM 06885 GM 25809 GM 01095 GM 23874 GM 00884 GM 14098 GM 06950 GM 00501 GM 00502-B, -A Several encouraging gold intersections associated with quartz-tourmalinearsenopyrite veining. GM 61829, GM 56176 GM 42320 GM 41848 GM 61829, GM 56176 GM 43291 GM 43290 GM 42889 GM 42343 GM 61829, GM 56176 GM 48024 GM 47328 GM 61829, GM 56176 Good gold values GM 61829 GM 54614 Skarn type mineralization Anomalous gold and copper in breccias. 0.56 g/tAu,1.4%Cu / 2.6m GM 61829 Mapping Compilation in GIS format Airborn Magnetic Survey interpretation (50m spacing) st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. Internal Reports 34 Geologica Groupe – Conseil Inc. 7.0 GEOLOGICAL SETTING AND MINERALIZATION (Item 7) 7.1 Regional Geology 7.1.1 Stratigraphy The Akasaba Project is located in the southern portion of the Abitibi Greenstone Belt, in the Superior Structural Province. The Abitibi Greenstone Belt belongs to the Abitibi Province of the Canadian Shield and is the largest Archean aged greenstone belt in existence. As one of the best established and prolific gold mining districts in the world, it is home to over 100 mines that have produced over 170 million ounces of gold since 1901. The Abitibi Greenstone Belt is also host to numerous base metal deposits, having produced over 35 billion pounds of zinc, 15 billion pounds of copper, and 400 million ounces of Silver. The Abitibi is underlain by alternating belts of volcano-plutonic rocks and sedimentary rocks bounded by regional deformation corridors. All rocks are Archean in age, except for the northeast striking diabase dykes which are Proterozoic in age. Volcanic rocks of the Malartic Group predominate in the northern half of the area while clastic sedimentary rocks of the Pontiac Group are dominant to the south. The volcanic rocks in the Val-d’Or area are subdivided into two principal groups: the Lower Malartic Group to the north and the Upper Malartic Group to the south. The lower Malartic Group hosts the LaMotte, Vassan, Jacola, and Dubuisson Formations. It is dominated by intercalated submarine komatiites and tholeiitic basaltic flows. The Upper Malartic Group hosts the Heva and Val-d’Or Formations. The Val-d’Or volcanic Formation ranges from tholeiitic to calc-alkaline in affinity (Imreh, 1984) and includes mafic to intermediate flows, rhyolitic flows, flow breccias and felsic to intermediate pyroclastic rocks. Pillow basalts of the overlying Blake River Group occur further west in the Malartic area (Figure 3). Clastic sedimentary rocks of the extensive Pontiac Group overlie the Upper Malartic volcanic Group to the south. These are turbidites consisting of interbedded greywacke, siltstone, argillite and conglomerate. Similar clastic sedimentary rocks of the Cadillac and Kewagama Groups occur further west in the Malartic area and within the Cadillac Break in the Val-d’Or area. Several large granitic intrusions have been emplaced in the local stratigraphy, the largest being the post-kinematic Lacorne and Pascalis Batholith. The Bourlamaque Batholith is a syn-volcanic granitoid intrusion described as a quartz diorite by Campiglio (1977). The Center Post (East Sullivan Intrusive) is a zoned intermediate stockwork with a monzonitic core and a dioritic rim, emplaced in the Upper Malartic Group rocks. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 35 Geologica Groupe – Conseil Inc. Numerous smaller intrusions including diorite-gabbro sills of possible sub-volcanic origin and younger feldspar porphyry dykes occur throughout the region. 7.1.2 Structural Geology The Upper and Lower Malartic Group rocks have an overall east-west strike and dip steeply to the north. The sequence is overturned and faces stratigraphically to the south and forms the south limit of the Lamothe-Vassan regional anticlinorium (Imreh, 1984). The Val-d’Or Formation has been affected by two (2) phases of regional deformation. The main deformation D2 is characterized by a penetrative S2 schistosity striking E-W steeply dipping to the north and characterized by anastomosed shear zones (Desrocher et Hubert, 1996). East-west oriented folds (F2) are recognized with the Val-d’Or Formation, creating local inverse polarity. The late deformation D3 event is marked by NNW and NE brittle faults. The most prominent structure of the area is the Cadillac Break situated near the Pontiac Group – Malartic Group contact. It is a major tectonic zone characterized by intense shearing and mechanical deformation, traceable from Kirkland Lake (Ontario) to Louvicourt (Quebec). 7.1.3 Regional Metamorphism The rocks from the Malartic Group consist of a middle greenschist facies metamorphic grade characterized by chlorite-epidote-carbonate metamorphic mineral assemblage in the mafic rocks. Regional metamorphic grade increases toward the south into the upper greenschist facies in the vicinity of the Cadillac Break and amphibolite facies further south (Imreh, 1984). Primary volcanic textures, such as pillows and spherulites are well preserved outside of major shear zones and intrusions. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 36 Geologica Groupe – Conseil Inc. Figure 3. Regional Geologic Map of Alexandria’s Cadillac Break Properties (including Akasaba Project) st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 37 Geologica Groupe – Conseil Inc. 7.2 Property Geology and Mineralization The Project is dominated to the north by volcanic and intrusive rocks of the Heva Formation in the Upper Malartic Group and by rocks of the Cadillac Group, the Piche Group and the Pontiac Group to the south. The Project is overlaid to the north by basaltic flow breccia, pillowed basaltic flow, intermediate to mafic tuffaceous units and syn to post volcanic dykes of the same affinity striking roughly E-W and steeply dipping to the south. The entire package is intruded by late quartz-feldspar porphyritic dykes. The Akasaba main deposit (eastern part) is hosted at the stratigraphic top of the Heva Formation in sheared tuffaceous units and brecciated pillow basalt, at contact with dioritic to gabbroic dykes. The zone is hosted in a deformation corridor that occurs sub-parallel to the Cadillac Break, which is located some 800 m to the south. Rocks from the Akasaba main deposit sequence display a skarn type alteration assemblage: epidote-hornblendeactinote-magnetite (+/- garnet, amphibole). Other hydrothermal alteration consists of quartz-carbonate veins, and associated wall rock albitization, and carbonatization of some units. The entire sequence is intersected by NE-SW trending fault. The displacement along those faults is minimal. Further south, the volcanic sequence contacts greywacke and argillite from the Pontiac group. Between 1960 and 1963, the Akasaba mine produced 265,000 tonnes with an average grade of 5.20 g/t Au and 1.7 g/t Ag. In the 1970’s and early 1980’s Soquem estimated a resource of 255,000 tonnes at 6.33 g/t Au in 4 lenses (A, B, C, D) as shown on Figure 4 below. The gold was thought to be associated with stratiform disseminated to semi-massive lenses of pyrrhotite-chalcopyrite hosted in mafic lapilli tuffs, and brecciated basalt altered with epidote-hornblende-actinolite and related to contact metamorphism. The genesis of the deposit remains controversial. Two master thesis present different hypothesis. One of these (Lev Vorobiev, 1998) supports the hypothesis that the mineralization is emplaced during skarn development whereas the other the (Jeanne Lebel, 1987) was in favor a VMS genesis. It is possible that the actual Akasaba deposit characteristics and geometry are a result of an overprinting of several gold mineralization events (hydrothermal, orogenic and skarn). Our observations tend towards a ShearHosted Gold Deposit with a Skarn-Type association and Sheared Volcanic Massive Sulfides (VMS). st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 38 Geologica Groupe – Conseil Inc. Figure 4. Schematic interpretation of parallel mineralized lenses identified at the Akasaba mine by Cambior. 7.2.1 The Main Akasaba Deposit - A Shear-Hosted Gold Deposit with SkarnType Associations and Sheared Volcanic Massive Sulfides (VMS). The origin of the deposit at Akasaba is controversial and two master thesis conducted on the historic Akasaba deposit have presented two different hypothesis. One thesis (Lev Vorobiev, 1998) supports that the mineralization was emplaced during skarn development whereas the other (Jeanne Lebel, 1987) was in favor of a VMS genesis hypothesis. Observations done by Alexandria geologists show that it is possible that the actual Akasaba deposit characteristics and geometry are a result of an overprinting of several gold mineralization events (hydrothermal, orogenic, and skarn). Exploration work on the main Akasaba deposit leads to the following observations: • • • Drilling along strike from the historic mine sequence identified several 3m to 10m sub-parallel mineralized zones.. Among the different zones, two (2) have been consistently identified within the mine sequence (Zone A and C). Gold mineralization is mainly associated with altered intermediate to mafic lavas and tuffs that are confined to the north by a gabbro sill and to the south by an overlying rhyo-dacitic dome. The parallel gold bearing zones principally occurred in sub-vertically to vertically sheared volcanic units, brecciated basalts, in pillow margins that contact syn to post volcanic dioritic to gabbroic dyke. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 39 Geologica Groupe – Conseil Inc. • • • • • • • • • The alterations associated with the gold mineralization consist in an epidotefeldspar, possibly albite-carbonate association +/- quartz hydrothermal alteration and/or veins. Sulphides are often abundant within the gold bearing zone, but the amount of sulphides does not seem to directly relate to the amount of gold. Sulphides occur in three main forms: semi-massive, disseminated, and finely re-disseminated. The main sulphides observed is pyrrhotite, with anomalous but widespread chalcopyrite. Pyrite mineralization is rare in the main Akasaba horizon. The presence of sulphides within the host rocks may have provided a chemical trap. Gold occurs in alteration zones and/or in quartz-carbonate (salt and pepper texture) veins and veinlets oriented along main deformation. V.G. is very rare and only occurred in quartz carbonate sp (salt and pepper texture) veins along with remobilized pyrrhotite. The deformation corridor is sub-parallel to the Cadillac Break, and is locally displaced along late NE-SW faults. The mineralization and associated alteration are found within the contact metamorphic aureole surrounding a buried intrusive located to the west of the Akasaba property. As a result, potassic and localy felsic alteration become stronger toward the west along with high copper mineralization. Gold mineralization may have been emplaced by hydrothermal activity that occurred late in the volcanic cycle, which means the original gold deposit would have been deformed by the Cadillac Deformation Zone (`CDZ`). The entire system appears to have been altered by the emplacement of a buried intrusive located to the west during which time the development of skarn type mineralization modified the pre-existing gold mineralization. At the time, additional gold may have been deposited by gold bearing fluids ascending the CDZ and sub-parallel structures. Recent drilling shows that there is still a good potential for economic gold mineralization at depth. Sub-parallel gold zones are present but locally poorly defined. In general, the presence of gold is scattered in those zones. More drilling should be done in order to test those sub-parallel zones. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 40 Geologica Groupe – Conseil Inc. Figure 5 – Geology of Akasaba Project 7.2.2 The New Au-Cu Akasaba West Zone The new West Zone is located along strike and about 1.2 km west from the historic Akasaba mine and straddles the boundary between the Akasaba and adjacent Sabourin properties (Figure 6). The zone is located south of the Callahan Intrusive, within its metamorphic alteration halo or aureole. Sixteen (16) drill holes have been drilled by Alexandria on this zone. The zone is hosted in a sheared meta-volcanoclastic sequence mainly composed of felsic to intermediate crystal tuffs and rhyo-dacitic flows and local mafic tuffs. The intermediate and felsic volcanoclastics display a strong silicate alteration with the presence of local sericite and clay where the deformation is more intense. The entire sequence is vuggy, probably related to the dissolution of the carbonate and locally the sequence is mylonitized. Mafic units are generally altered in biotite and chlorite probably related to regional metamorphism. The alteration within the zone grades from sericitic to the south to carbonatized to the north of the sequence. The geology in the new zone is mainly composed of interbedded felsic to intermediate volcanoclastics and rhyodactic flows. Intermediate and mafic intrusives are rare, apart from the Quartz-Feldspar Porphyry dykes that are intersected to the north more proximal to the Callahan intrusion. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 41 Geologica Groupe – Conseil Inc. The sequence is generally oriented at 080E and steeply dipping to the south. Two main deformation zones occur within the sequence. These zones are also oriented E-W to ENE-WSW and are steeply dipping to the south. They are associated to a higher degree of alteration and generally carry higher grade content. NE-SW faults cross cut the sequence. The exact orientation and plunge of those faults is unknown. Drill hole IAX-11185 and IAX-12-200 intersected a large brittle fault filled with sand and gravel (fault gouge) and, in IAX-12-200, by a highly brecciated dacitic unit, with a fracture network filled with quartz-feldspar (possibly albite). The NE-SW fault can be identified to the west of the mineralized zone on the magnetic map (Figure 7), but has not yet been identified in the drill core. The gold-copper mineralization displays a WSW plunge at a 40 to 50° angle that remains open at depth. Exploration drillholes to the west of the new zone also intersected a long sequence of intercalated intermediate and rhyodacitic volcanoclastics. However, the units tend to be more massive and silicified as well as less mineralized with sulphides. In general, the zone is less altered, and the sulphides mineralization is restricted to narrow deformed zones, fractures and rare quartz veins. Figure 6 – Geology of the Akasaba Project (New West Au-Cu Zone) st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 42 Geologica Groupe – Conseil Inc. Figure 7 – Magnetic Gradient Showing the Burried Intrusive west of the Akasaba Project 8.0 DEPOSIT TYPE (Item 8) The Val-d’Or Camp presents a good potential for hosting a wide variety in styles of mineralization. The following table (Table 5) illustrates the different types of mineral occurrences known in the area, and adjacent to, or near, the Akasaba Project. Lowgrade, large-volume mining, in addition to higher grade zones at surface and at depth should be considered and evaluated for gold mineralization currently delineated on the Akasaba Project. These approaches are presently successful at the Canadian Malartic Mine (Osisko Mining Corporation) and at the Lapa Mine (Agnico-Eagle Mines Ltd.), and appears to be more feasible with the increasing price of gold.. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 43 GeologicaGroupe–Conseil Inc. Table5:DescriptionofCadillacBreakdeposits and inactivemines in thearea Properties Deposit Names Ducros Status Oramaque Hosting Rock Structure Mineralization Worked Deposit Near Bourlamaque River. Porphyry Copper Syenite Fractures Filling Cu-(Ag-Mo-Au) Disseminated Cpy Zone Porphyre Ouest (Ducros-2) Worked Deposit GM 25750, plan 2 Porphyry Copper Syenite Fractures Filling Cu-(Ag-Au) D’Aragon-Copper Worked Deposit DDH 1601 at 1 375 m south of East Sullivan Deposit VMS / Lode Intermediate to Felsic volcanoclastic Rocks VMS = Stratiform Lode = Fractures filling Cu-(Au-Zn) Orenada Zone 1 (zone Nord) Evaluated Tonnage Deposit 400 m south of Bourlamaque River Volcanogenic Gold Deposit / Lode Intermediate to Felsic Volcanic Breccias intercaled with Fragmental and Tuffaceous units Fractures Filling in breccia zones Ag-Au-Cu Mine Mid-Canada Zone Sud Closed Mine Near Bourlamaque River. Around 450m NNW of Orenada Shaft #4. Volcanogenic Gold Deposit Andesitic flow breccia intercaled with basalt and , tuff and Felsic lavas Fractures Filling in breccia zones Au-(Ag-Cu) Hogg Zone Worked Deposit 60 m North of Zone 3 Gold Deposit Brecciated band Chert comprise between Gabbro and Andesite Shear Zone N110°/90° Gabbro and Andesite Au 2-10% Py Oramaque Zone 3 Worked Deposit 6.3 Km NW of Ben Lake Gold Veins Quartz-Carbonate StockworkBreccia in a Gabbro or Andesite Shear and Fractures Filling Au-Cu Porphyre Zone Worked Deposit 45 m north of Hogg Zone Gold Lode Feldspath Porphyritic Dyke within intermediate lavas Fractures Filling Au, Hydrothermal min. ass. To Fels.Porp. Dyke North Zone Worked Deposit 5.7 Km NW of Ben Lake Gold Lode Carbonate-Sericite-Chlorite Schist Cadillac Tectonic Zone. Shears/fract. filling Au 1-2% Py-Aspy, dis. South Zone Worked Deposit 60 m South of Zone North which is located 5.7 Km NW of Ben Lake Gold Veins Carbonate-Sericite-Chlorite Schist Cadillac Tectonic Zone. Shears/fractures filling Au 1-2% Py-Aspy, dis. Schist Zone Worked Deposit 170 m south of east extremity of North Zone Gold Veins Talc-Chlorite Schist Cadillac Tectonic Zone. Shears/fractures filling Au, Aspy dis. in quartztourmaline veins/veinlets Orenada No.2 Worked Deposit 800m south of Bourlamaque River Gold Veins Grauwacke, Quartz-ChloriteSericite-carbonateSchist Cadillac Tectonic Zone. Shears/fractures filling Au Py-Aspy blue quartz veins. Closed Mine 1300m south of Bourlamaque River Gold Veins Grauwacke, Argillite of Cadillac Group Cadillac Tectonic Zone Folding: 1. N295°/75°N 2. N016°/36°E Orenada Aur Resources Joint Venture Typology Zone Porphyre Est (Ducros-1) Mid-Canada CADILLAC BREAK PROEPRTIES – Evaluated Deposits, Mines Location Orenada 4 Au-Ag Resources or most significant Results Estimated Ressources: 5 to 10 Mt @ 0.20%Cu, 0.02%MoS2 Best Intersections: 1.06%Cu / 13.5 m, 1.22% Cu / 0.9m, 4.22%Cu, 1.03g/tAu, 3.8 g/tAg / 0.9m Best Intersections: 7.20%Cu, 6.86 g/t Au / 0.61m 1.13%Cu, 7.54g/t Au / 0.30 m Estimated Resources: 113,950 t @ 1.02%Cu, 4.05 g/tAg Past Production : 72,000 t @ 3.33 g/tAu, 1.7 g/tAg (1981) 89,269 t @ 2.26 g/tAu Best Intersections: 23.31 g/tAu/1.83m, 9.60 g/tAu/0.61m Best Intersections: 1.23 g/tAu, 1.42%Cu / 0.91 m 0.48 g/tAu, 43.70%Cu / 0.91 m 0.75 g/t Au / 1.68 m incl. 1.13 g/t Au / 7.62 m and 2.57 g/t Au / 0.91 m Best Intersections: 1.99 g/t Au / 1.22 m, 2.12 g/t Au / 1.52 m Best Intersections: 1.03 g/tAu / 3.66 m incl. 2.33 g/tAu / 0.61 m Best Intersections: 0.96 g/tAu / 2.44 m incl. 1.68 g/t Au / 0.61 m Best Intersections: 6.72 g/tAu/1.52m, 18.51 g/tAu/0.61 m, 10.97 g/tAu/0.91m Recent Estimated Resources (2009) 2.84M tonnes at 1.02 g/t Au (Indicated) and 5.16M tonnes at 1.14 g/t Au (inferred) Past Production: Brominco : 20,418 t @ 1.85 g/tAu (865 oz) Aur Res. : 72,195 t @ 1.72 g/t Au (4,000 oz) Alteration References Hem, Si Cogite 32C/04-0089 GM 29960 Hem, Si Cogite 32C/04-0089 GM 25720 Si Cogite 32C/04-0065 GM 12803 Carb, Epi, Hem, Si Cogite 32C/04-0089 GM 49911 GM 43337 Carb, Epi Cogite 32C/04-0089 GM 43337 GM 49911 Cogite 32C/4-1009 GM 47650 ? Cogite 32C/04-1009 GM 47650 Carb, Hem Cogite 32C/04-1009 GM 47650 Carb, Chl, Ser, Si Cogite 32C/04-1010 GM 47650 Carb, Chl Cogite 32C/04-1010 GM 47650 Talc-Chlorite, Carb, Ser Cogite 32C/04-1010 GM 47650 Chl, ser, carb Cogite 32C/04-0089 GM 37912 Talc-Chlorite, Ser, Carb Cogite 32C/04-0089 GM 12802 GM 42867, GM 43337 Recent Estimated Resources (2009) 7.44M tonnes at 1.48 g/t Au (Measured and Indicated) and 2.24M tonnes at 1.57 g/t Au (inferred) Orenada No.5 Worked Deposit UTM Z.18 299469 (E) 5325288 (N) Copper Lode In breccia within Andesitic Rocks Sabourin Creek Worked Deposit 4.6 km NW of Ben Lake VMS Intermediate Ash,lapilli Tuff brecciated Sabourin Creek Area 1 Worked Deposit Hole 403-30 @ -45 Nad 83 Z.18 302598(E) 5324210 (N) Gold Veins Talc-Chlorite-Carbonate Schist / Chlorite-Sericite Schist Akasaba Closed Mine Nad 83 Z.18 308977(E) 5324628 (N) Skarn and Lode gold Mafic Tuff and Basaltic Flow Breccia Andesite in contact with Monzonitic East Sullivan Pluton Au-Cu-(Ag-Zn) Diss.-Semi-Massive Po, Py,Cpy,Sp Gol d Sabourin Creek Akasaba NI43-101TechnicalReporton theAkasabaProject–March1st, 2013 AlexandriaMineralsCorp. 44 Cu-Au-(Ag) Cadillac Tectonic Zone Au Quartz-carb.-Aspy veins Au-Ag Best Intersections 1.22%Cu/13.72m, 1.46%Cu/2.19m Best Intersections: 0.57 g/tAu, 1.44%Cu/ 2.6m incl 0.69 g/tAu,2.33 %Cu,12.6 g/tAg,0.1%Zn/1.4m Best Intersections 1.20 g/tAu/3.66 m incl. 4.35 g/tAu/0.61m Past Production: 262,568 t @ 5.14 g/t Au and 1.17 g/t Ag Carb, Epi, Sil, Chl Cogite 32C/04-0089 GM 12802 Epi, Chl, Act GM 56176 GM 48024 Grondin-Brisson, 2004 GeologicaGroupe–Conseil Inc. Deposit Names Status Bloc south Sleepy Sleepy Zone Evaluated Tonnage Deposit Trivio Riviere Marrias Worked Deposit GOLD VEINS INACTIVE MINES NEAR AND ADJACENTS CLOSED MINES (12 km) VMS Properties Location Rang V, Lot 54 in Louvicourt Township on SE shore of Sleepy Lake Marrias River Shore, West of Trivio Lake Typology Hosting Rock Structure Mineralization Resources or most significant Results Alteration References Gold Veins Tonalitic Facies of Vicour sill NE Shears Au Po-Cpy,Py Diss. Inferred Res: 1,557,000 t @ 3.0 g/t Au Metasomatism, Ser,Chl, Sil Cogite 32C/03-0059 GM 58273 Gold Veins Felsic Volc. Rocks, sheared and altered Western limit by NE major Fault Au-(Cu) Py-Cpy with VG Sil, Alb, Carb Cogite 32C/04-0046 GM 42345 Lithological contacts Cu-(Au-Ag) Best Intersections 8.34 g/tAu/6.10m, 7.8 g/tAu/2.43m Past Production: 280,768 t @ 1.41% Cu, 0.17 g/t Au, 3.08 g/t Ag Past Production : (milled): 141,000 tCu, 73,000 tZn, 3,910 kgAu,19,000 kgAg Past Production: 2,358,000 t @ 0.21%Cu, 5.59% Zn,34.29 g/tAg, 0.69 g/t Au Past Production: 11 Mt @ 3.6%Cu,1.5%Zn Past Production: 13.8 Mt@ 0.4%Zn,0.07%Cu, 0.34 g Au/t,11.7 /tAg Past Production : 407 409 onces Au, 145 500 onces Ag Past Production: 140,000 t à 14,80 g/t Au, 131,037 t grading 4,96 g/t Au. Past Production: 194,093 t @ 4,46 g/t Au and 0,83 g/t Ag Past Production: 132,328 t @ 2.41 g/t Au Past Production: 1,106,812 t @ 6,24 g/t Au Past Production: 1,710 102 t @ 6.46 g/t Au Past Production: milled: 140,889 kg Au 22,519,000 t @ 6.26 g/tAu. Past Production: 1,800,281 t titrant 3,00 g/t Au Past Production: 1,611,368 t @ 8,67 g/t Au Metal: 13,977.64 kg Au Past Production : 1.8 Mt@ 2.7 g Au/t; 156,255 oz Au Past Production: 310,431 t @ 5.5 g Au/t; 31,915 oz Au Past Production: 68,612 t @ 5.6 g/t Au. Chl, Ser Cogite 32C/04-0080 Chl, Sil, Ser Cogite 32C/04-0064 Chl, Ser Grondin-Brisson, 2004 Cogite 32C/04-0085 Chl, Ser, Sil Grondin-Brisson, 2004 Cogite 32C/04-0102 Carb, Ser, Chl Grondin-Brisson, 2004 Cogite 32C/04-0076 Tour Cogite 32C/03-0032 Sil,Carb, Chl, Tour Cogite 32C/03-0054 Ser, Alb,Carb Cogite 32C/04-0036 Chl, Carb Cogite 32C/04-0082 Mine Dunraine (Rainville) Shaft #1 near Louvicourt and Bourlamaque Township Limits. Felsic-Interm. volcanoclastic Rocks East-Sullivan (Sullico) East Sullivan Shaft. Nad 83 Z.18 298027 (E) 5327803 (N) Superior Malartic Sub-Group. Volcanic Rocks Louvem 21 km east of Val-d’Or Volcanic Rocks and felsic pyroclastic rocks Louvicourt 22 km east of Val-d’Or, 700 m north of highway 117 Volcano-sedimentary rocks Manitou-Barvue 13 km east of Val-d’Or, range VII, Bourlamaque Township Felsic pyroclastic rocks Shear zone Cu-(Ag-Au-Pb-As-Zn) Mine Bevcon 200 m south of highway117 near NW corner of Lot 45, range VII Louvicourt Township. Bevcon Tonalitic Stock Sheared Zones Au-(W-Bi-Zn-Cu-Ag) Mine Chimo 40 km east of Val-d'Or, ranges I and II, Vauquelin Township Trivio Group N290°/70° schistosity Au-(As) Mine Courvan 500 m east of Perron-Colombière road Granodiorite, Bourlamaque Batholith WSW-ENE shear Zones 70°N. Au-(Ag) Mine d’Or-Val (Beacon no.2) Mine Dumont (Bras d’Or) Mine Ferderber (Belmoral) Ranges VIII and VII Louvicourt Township railways of Val-d'Or-Senneterre. Range IX Bourlamaque Township, 6.4 km east of Vald'Or Range X, near central line of Bourlamaque Township, 11.2 km NE of Val d'Or Altered and sheared granodiorite Shear N070° Dip 60° to 80° South Au-(Ag-Cu) Altered, sheared and foliated granodiorite, Bourlamaque Batholith Dumont Shear Zone Au Sheared Granodiorite N070°/65° Shear zone Au-(Ag) Lamaque Shatf #6. Nad 83 Z.18 294127 (E) 5330487 (N) Granodiorite Stockwork, shear veins AU Mine Lucien C.Béliveau 500 m South of #3 milepost Pascalis-Louvicourt Townships Diorite Dyke 40°S veins Au Perron 475 m east and 100 m north ofSW corner range II of Pascalis Township. Granodiorite of Bourlamaque Batholith Shears Au-(Ag) Sigma No.2 (Vicour) North extremity of Lot 34, Range V in Louvicourt Township Vicour Sill. Gabbro. Tonalitic granophyre NE shears Au-(Ag-Cu-As) Simkar (LouvicourtGoldfield) Shaft at 20.8 Km east of Val-d’Or Gabbro-Diorite-Granophyre sill Stockwork in a shear parallel to schistosity Au-(Cu-Zn-W) Wrightbar (Zone D) 14.5 km east of Val d'Or, and 7 km SE Ferderber Mine Schist near Bourlamaque Batholith Shear Zone Au-(Cu) NI43-101TechnicalReporton theAkasabaProject–March1st, 2013 AlexandriaMineralsCorp. 45 Ag-Zn-Cu-(As-Cd-Fe-Au) Cpy-Sp-Ga-Au-Py-AspyStratiform, transposition? Au-Zn-Ag-(Cu-Pb) Cu-Zn-(Ag-Au-Pb) Hydrothermal alteration Hydrothermal alteration Cogite 32C/04-0024 Cogite 32C/04-0026 Carb,Alb, Sil Cogite 32C/04-0057 Carb Cogite 32C/04-0039 Chl, Carb, Ser Cogite 32C/04-0033 Metas., Ser, Chl, Sil Sil, Pyr, Carb, Alb Chl Grondin-Brisson, 2004 Cogite 32C/04-0027 Grondin-Brisson, 2004 Cogite 32C/04-0081 Cogite 32C/04-0098 Geologica Groupe – Conseil Inc. 9.0 EXPLORATION (Item 9) 9.1 Humus survey on the Akasaba Project During the summer and fall 2012 (between July 10th and July 14th and from September 19th to September 28th), a humus survey was conducted over the new Akasaba west zone discovered during the drilling campaign 2011-2012 (Figure 8). A part of this section was provided from the internal work report prepared by Émilie Batailler for Alexandria in December 2012 (internal report). Figure 8 – Humus Survey with Gold values (Ref: E. Batailler, December 2012) The Akasaba grid, which has lines spaced 100m apart, was used as control for the humus survey. Samples were taken along the grid every 12.5m at each grid station (25m spacing) and in between each grid stations (Photo 3). A total of 610 humus samples were collected in two stages. The humus geochemical survey conducted over the Sabourin and Akasaba properties generally returned low gold grade (< 25 ppb). Two distinct populations have st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 46 Geologica Groupe – Conseil Inc. been defined that are characterized by different gold background level mostly related to the vegetation type and the draining system. In general, it is hard to assess the value of the information even after proceeding to statistical transformation. This is particularly true since in the lowland-poorly drained area most results are below detection limit. Photo 3: View to the north of linecutting Indeed, samples taken in this area were generally not as good humic samples than the samples taken in forested- well drained area, and might not be representative of the underlying bedrock.There are sub-populations within the main two populations that can be related to ground disturbance, slope change (runoff), and maybe bedrock anomaly It is possible this is related to the glacial effects (transportation and deposit). Gold variation in humus may also be related to overburden thickness variation over the area which is poorly assessed. Two anomalous areas have been identified that could be related to bedrock anomalies. However, the anomalous zone located over the new Akasaba west zone shows that the correlation between the range of the anomaly and the amount of gold st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 47 Geologica Groupe – Conseil Inc. analysed in diamond drilling is null even though the anomaly correlates with the favorable mineralized horizon. Drilling results from the exploration campaign around the Callahan intrusive will have to be compared with the localisation of the northern B-anomaly and Danomaly to determine if the use of humus sample was relevant in this area. 9.2 Data Compilation on the Sabourin Property The Sabourin (Sabourin Creek) Property, contiguous with, and to the west of, the Aksaba property, hosts the western portion of the West Au-Cu Zone. During the year 2012, a data compilation has been done on the property in order to re-assess its potential for gold and copper mineralization. Historical drillhole data have been integrated in Alexandria’s central database and a GIS data compilation of available historical overburden, humus, mapping, and geophysical surveys have been done in MapInfo/Discover. A part of this section was provide from the internal work report prepared by Mrs Émilie Batailler for Alexandria in January 2013. Historical work highlighted 3 main gold zones occurrences (Jolin Bourlamaque, Sabourin Creek and Cadillac Break Zones) on the Sabourin property that was discovered by geophysics and have been later confirmed by overburden drilling, humus sampling, and diamond drilling (Figure 9). Two zones are hosted at the top of the Heva formation at the same stratigraphic position as the Akasaba deposit, and generally share the same geological characteristics as the Akasaba deposit. These zones are called the Jolin Bourlamaque Zone and the Sabourin Creek Zone located, respectively, to the west and in the center of the property. Historic diamond drilling revealed that the Sabourin Creek zone has been extensively tested and no economic material has been intersected. Therefore, it is not recommended that further exploration work be carried out here. The Jolin Bourlamaque Zone hosts encouraging but sub-economic gold mineralization. It is recommended that a short exploration program be carried out over this zone in order to assess more fully the potential for low grade open pit material, and try to identify structural features that could have acted as gold trap. Notably, a geophysical anomaly detected by Alexis Minerals Corporation in 2004, which confirms an off-hole anomaly detected by Aur Resources in 1997, is interpreted as a large conductive body. This target could be of first interest since it has never been tested. The third zone, the Cadillac Break Zone is of interest for low grade disseminated gold mineralization. Interesting grades have been intersected over a strike length of about 800m. This zone has the same characteristics as at the Orenada deposit. Drilling is recommended over this zone to first test the full potential for a low grade disseminated st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 48 Geologica Groupe – Conseil Inc. model as well as to test sub parallel zones that are identified through IP anomalies. Two other drillholes have been selected to test isolated target on the Sabourin property. Figure 9 – Mineralized Zones on the Sabourin Property (Ref: E. Batailler, January 2013) The conclusions of this study are as follows: • • • Overall, the Sabourin property represents moderate interest for exploration drilling. The Cadillac Break zone appears to be the most interesting target in order to find low grade disseminated gold. Encouraging, butsub-economic gold mineralization, has been intersected at the Jolin Bourlamaque Zone, and historical drilling does not allow to clearly interpret mineralized zones or mineralization behavior in this area. More drilling could be done in order to fully test this zone and re-assess its economic potential. Compilation of geophysical, drilling data, and geochemical data available did not highlight new large anomalous zones and only 2 other drillholes are suggested to test local 200m large anomalies. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 49 Geologica Groupe – Conseil Inc. 10.0 DRILLING (Item 10) From November 4th, 2011 to November 10th, 2012, Alexandria Minerals has completed 41 drillholes (IAX-11-177 to IAX-12-217) for a total of 17,723.12 meters (Figures 10, 11 and Table 6). The drilling was completed by Forage Mercier Inc. now Forage Spektra Inc. (39 drillholes) and ALXtreme Inc. (2 drillholes) from Val-d’Or (Quebec). All assays were completed by AGAT Laboratories from Mississauga (Ontario) and some re-check by ALS Chemex Lab in Val-d’Or (Quebec). Note that all drillhole logs and assay results from Laboratories are available at the Alexandria office in Val-d’Or (Quebec). st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 50 Geologica Groupe – Conseil Inc. Figure 10 – General location map of 2011-2012 Drillholes on the Akasaba Project st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 51 Geologica Groupe – Conseil Inc. Figure 11 – Detailed location map of 2011-2012 Drillholes on the Akasaba Project st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 52 Geologica Groupe – Conseil Inc. Table 6: Technical Parameters of Alexandria’s 2012 Drillholes DDH # MTM(9) Nad83 - East MTM(9) Nad83 - North MTM(9) Nad83 - Elevation AZIMUTH DIP LENGTH (m) IAX-11-177 225858.00 5323110.00 3330.00 350 -50 42.12 IAX-11-178 225858.47 5323108.43 3340.47 350 -50 937.60 IAX-11-179 225756.00 5323223.00 3330.00 350 -60 150.00 IAX-11-180 225303.41 5323761.13 3327.92 350 -45 214.00 IAX-11-181 225332.35 5323311.20 3336.41 350 -60 540.00 IAX-11-182 225023.49 5323647.46 3332.05 350 -45 258.00 IAX-11-183 225344.13 5323252.47 3336.31 350 -60 651.00 IAX-11-184 224385.20 5323229.76 3328.22 350 -45 255.00 IAX-11-185 224188.65 5323188.53 3329.08 350 -45 298.00 IAX-11-186 224990.97 5323258.42 3335.61 350 -54 414.00 IAX-11-187 225357.95 5323179.16 3337.87 350 -60 786.00 IAX-11-188 224905.65 5323182.16 3333.44 350 -50 456.00 IAX-12-189 224798.66 5323211.34 3333.64 350 -55 529.00 IAX-12-190 225842.00 5323201.00 3330.00 350 -53 104.70 IAX-12-191 225762.00 5323191.00 3330.00 350 -57 156.60 IAX-12-192 225832.36 5323351.74 3337.19 349 -67 808.80 IAX-12-193 225321.32 5323942.21 3331.20 170 -58 880.00 IAX-12-194 224286.50 5323208.54 3328.90 350 -45 230.00 IAX-12-195 225741.59 5323299.71 3339.71 350 -65 781.00 IAX-12-196 225332.83 5323838.81 3332.72 170 -55 621.00 IAX-12-197 225357.66 5323749.76 3338.61 170 -58 444.00 IAX-12-198 224481.02 5323258.04 3332.61 350 -45 252.00 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 53 Geologica Groupe – Conseil Inc. DDH # MTM(9) Nad83 - East MTM(9) Nad83 - North MTM(9) Nad83 - Elevation AZIMUTH DIP LENGTH (m) IAX-12-199 225513.58 5324024.59 3333.51 170 -58 945.00 IAX-12-200 224197.05 5323141.75 3328.15 350 -58 403.00 IAX-12-201 224298.68 5323146.52 3329.34 350 -54 327.00 IAX-12-202 224398.44 5323160.87 3330.40 350 -53 312.00 IAX-12-203 225515.28 5324027.34 3334.57 170 -52 807.00 IAX-12-204 224493.48 5323188.15 3333.91 350 -50 327.00 IAX-12-205 224578.87 5323284.69 3336.16 350 -45 225.00 IAX-12-206 224700.51 5323202.89 3337.20 350 -45 304.70 IAX-12-207 225740.95 5323292.70 3340.08 353 -65 849.00 IAX-12-208 225445.63 5323822.60 3334.70 170 -55 540.60 IAX-12-210 223992.28 5323133.45 3329.81 350 -45 326.00 IAX-12-211 224093.36 5323156.98 3329.17 350 -45 291.00 IAX-12-212 224111.97 5323053.91 3330.40 350 -45 425.00 IAX-12-213 224212.85 5323049.96 3330.71 350 -56 132.00 IAX-12-214 224212.71 5323048.35 3330.46 350 -56 464.00 IAX-12-215 224312.22 5323068.81 3330.26 350 -55 447.00 IAX-12-216 223795.52 5323097.30 3330.73 350 -45 375.00 IAX-12-217 223596.45 5323072.20 3329.13 350 -45 414.00 Note: Drillholes summaries and logs are available at the Alexandria’s office in Val-d’Or (Quebec) st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 54 Geologica Groupe – Conseil Inc. During the drilling campaign period of 2011-2012 Alexandria drilled forty (40) drillholes totalling 17,723.12 meters. Out of those, two (2) drillholes were completed to validate the lateral continuity of the main zone and four (4) to verify the depth extension on the Akasaba Mine area. The other thirty-five (34) drillholes were step-out drillholes along strike following 100m to 200m to verify the extension of gold mineralization to the west. There were three (3) main objectives to the 2011-2012 drilling campaign: 1) To follow the surface lateral extensions of the gold mineralization eastward and westward from the mine, following a 100m to 200m step-out along the deformation corridor marked by a high IP-anomaly; 2) To verify the depth extension of gold mineralization obtained in drillhole IAX-11176 directly below the old mine and the eastern depth extension of gold mineralization obtained in drillholes IAX-11-148, IAX-11-155 and IAX-11-172; 3) To define the extension of the new Au-Cu zone discovered west of the main Akasaba deposit. The 2011-2012 drilling campaign resulted in discovery of the new Akasaba West Gold-Copper Zone. Sulphide mineralization is abundant and mainly consists in disseminated pyrite and chalcopyrite (+/- bornite). Highest grade zones are associated with zones of higher degree of alteration and deformation, and with copper-rich sulphides (bornite). The mineralized zones are generally oriented at 080E with steep dips to the south. Two main deformation zones occur within the sequence. These zones are also oriented E-W to ENE-WSW and dip steeply to the south. NE-SW faults cross-cut the sequence; their exact orientation or plunge is unknown. Drill hole IAX-11-185 and IAX-12200 intersected features suggestive of a large brittle fault, namely, broken core with abundant sand and gravel and, in IAX-12-200, a highly brecciated dacitic unit with an extensive fracture network filled with quartz-feldspar. The most significant results obtained during the 2011-2012 drilling campaign are summarized below on Table 7. All the other results are available at the Alexandria Office in Val-d’Or (Quebec). st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 55 Geologica Groupe – Conseil Inc. Table 7: Most significant assay results of the 2011-2012 drillhole program on the Akasaba Project DDH IAX-11-178 From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 436.6 437.6 E5114528 1.74 1.81 0.9 307 8 722.6 723.6 E5113366 1.74 1.46 4.4 460 92 723.6 724.6 E5113367 1.16 0.95 6 615 100 724.6 725.6 E5113368 1.74 1.12 <0.5 134 83 726.6 727.6 E5113370 1.75 2.39 <0.5 -2 69 764.3 765.3 E5167862 1.64 1.86 <0.5 2 66 765.3 766.3 E5167863 1.05 1.1 <0.5 25 69 770.3 771.3 E5167870 1.07 0.93 <0.5 172 63 883.9 884.4 E5114422 3.84 3.23 5.6 7310 76 916.5 918 E5114431 3.15 3.32 1.6 202 30 930.9 931.3 E5114441 5.06 5.07 6.8 11800 167 IAX-11-180 142.6 143.6 E5113090 1.07 - <0.5 71 30 IAX-11-181 498 498.7 E5113284 3.98 3.82 <0.5 245 18 74.6 75.6 E5166925 1.01 1.26 1 359 32 181.2 181.9 E5167042 1.06 1.09 2 2410 28 207.7 209.2 E5166367 1.49 1.46 1.4 243 47 209.2 210.7 E5166368 2.87 2.8 1.4 821 35 564.2 565.2 E5167193 1.39 1.2 <0.5 328 24 52.1 53.6 E5166426 1.72 3.32 6.6 9272 36 53.6 54.6 E5166427 2.13 3.37 5.8 9370 32 58.1 59.2 E5166432 1.55 1.78 5.5 7720 36 79.7 80.4 E5166454 1.26 1.33 10.6 20604 57 83.4 84.4 E5166459 1.23 1.52 3.3 10341 31 IAX-11-182 IAX-11-183 IAX-11-184 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 56 Geologica Groupe – Conseil Inc. DDH IAX-11-185 From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 94.4 95.2 E5166471 1.55 2.07 2.1 8220 49 95.2 96.2 E5166472 1.73 1.21 1.7 5890 36 96.2 97.2 E5166473 1.45 1.97 4.7 7090 38 97.2 98.2 E5166474 5.16 3.01 5.6 9610 41 99.2 100 E5166478 2.41 3.12 7.9 13230 36 100 101 E5166479 1.66 1.83 4.6 9800 45 135 136 E5166510 1.71 1.62 0.7 1930 10 160.6 162 E5166542 1.88 2.03 <0.5 262 28 240 241.3 E5166606 1.32 1.59 <0.5 1090 29 54 55 E5412516 1.47 1.68 5.7 14159 21 72 73 E5415043 1.678 1.89 4.2 7230 75 76.5 78 E5412520 4.64 1.26 3.8 3680 30 78 79.5 E5412521 3.18 0.88 3.3 5720 32 79.5 81 E5412522 2.73 2.78 11.9 28234 19 81 82.5 E5166622 2.18 2.11 7.2 14957 35 82.5 84 E5166623 2.18 1.87 4.6 7740 26 84 85.5 E5166624 1.29 0.69 3.3 5170 29 85.5 87 E5166625 2.65 2.87 5.4 7650 45 90 91.5 E5166628 1.66 1.32 3.3 4060 33 91.5 93 E5166629 1.31 1.28 2.5 2610 26 93 94.5 E5166631 1.26 1.16 1.5 2780 35 94.5 96 E5166632 2.24 2.09 2.3 4680 35 96 97.5 E5166633 3.31 3.07 3.4 7530 36 99 100.5 E5166635 1.69 0.93 1.2 1950 38 109.5 111 E5412528 1.07 1.23 2.9 5710 33 112.5 114 E5412530 1.64 1.59 3.6 10100 44 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 57 Geologica Groupe – Conseil Inc. DDH IAX-11-187 IAX-11-188 IAX-12-189 IAX-12-192 From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 114 115.5 E5412531 1.33 1.61 3.3 8550 29 115.5 117 E5412532 1.37 1.37 3.9 8300 22 118.5 120 E5412534 1.29 1.66 2.9 9370 14 120 121.5 E5412535 1.25 1.33 3 9670 12 121.5 123 E5412536 1.22 1.4 4.7 11900 18 157.4 158 E5167269 1.23 1.16 10.4 332 2940 197.8 198.8 E5167316 >10 15.2 <0.5 174 34 200.8 201.8 E5167319 1.19 1.51 1.2 107 45 240.1 241.2 E5167335 2.35 1.88 <0.5 765 13 693.7 694.7 E5167432 1.12 1.49 <0.5 99 45 732.6 733.6 E5167479 2.19 2.16 <0.5 96 31 763.6 764.6 E5167515 1.09 1 0.5 264 45 394.9 395.4 E5168137 4.53 4.34 11.7 13883 55 430.1 431 E5168179 1.15 1.45 2.4 356 90 312.1 312.8 E5167564 1.13 1 3.7 8400 33 214.5 216 E5167740 1.29 1.33 <0.5 165 13 274.5 276 E5167767 1.56 1.32 <0.5 1310 18 651 651.5 E5412590 3 3.1 <0.5 1230 45 676.5 677 E5412606 1.43 1.65 5.9 947 79 677 678 E5412607 1.77 1.83 0.9 1280 53 680.9 681.9 E5412612 2.1 2.22 <0.5 513 77 707.7 708.7 E5411579 1.96 1.31 1.1 123 38 726.4 727.4 E5411601 1.23 1.16 0.9 154 57 731.7 732 E5411608 8.8 7.29 2.2 2310 15 737 738 E5411615 1.27 1.47 <0.5 220 68 762.8 763.8 E5411644 3.5 4.6 1.4 769 41 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 58 Geologica Groupe – Conseil Inc. DDH IAX-12-193 IAX-12-194 From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 115 115.9 E5412708 1.58 1.59 <0.5 499 23 122 123 E5412716 3.63 3.13 <0.5 182 20 123 123.5 E5412717 2.94 2.64 <0.5 224 19 174.5 175.5 E5412769 1.36 1.14 <0.5 320 25 177 177.8 E5412774 1.47 1.71 <0.5 1450 55 195.7 197.2 E5412798 1.1 1.18 <0.5 268 40 385 386.5 E5412927 1.27 1.31 <0.5 -2 44 388 389.5 E5412930 1.55 1.49 <0.5 100 43 473.3 474.3 E5413019 1.35 1.2 <0.5 442 23 589.3 589.9 E5411238 1.39 1.79 8.8 6240 152 652.3 653.3 E5411261 2.15 2.43 0.8 667 40 653.3 654.3 E5411262 1.16 1.56 <0.5 1140 38 660 661.5 E5411269 6.06 5.41 <0.5 279 33 680.3 681.3 E5411278 6.14 5.8 <0.5 844 54 681.3 682.3 E5411279 2.99 2.82 2 2400 78 682.3 683 E5411280 1.19 1.28 <0.5 754 38 683 684 E5411281 3.12 3.34 <0.5 967 34 686 687.1 E5411285 2.42 2.83 <0.5 88 35 687.1 688 E5411286 1.14 1.42 <0.5 167 35 728.2 729 E5411334 3.53 3.97 <0.5 12 38 797.3 798 E5411389 1.61 1.32 <0.5 192 95 51.1 52.1 E5411451 1.02 1.24 5.8 6560 47 53.1 54.6 E5411453 1.15 0.5 3.8 8530 18 54.6 56.1 E5411455 1.96 1.12 3.4 6670 19 59.1 60.6 E5411458 1.22 1.93 4.6 10657 29 60.6 62.1 E5411459 1.14 0.82 2.5 7160 18 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 59 Geologica Groupe – Conseil Inc. DDH From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 68.1 69.6 E5411465 1.16 1.43 2.9 5700 22 74.1 75.1 E5414510 1.23 1.29 2.2 4580 47 75.1 76.1 E5414511 1.76 1.72 3.5 6300 44 76.1 77.1 E5414512 1.11 1.45 2.5 7420 56 77.1 78.1 E5414513 1.55 1.47 3.7 7220 55 78.1 79.1 E5414514 1.73 1.91 2.6 6150 58 79.1 80.1 E5414515 1.68 1.64 2.3 5090 45 83.1 84 E5414519 1.35 0.93 2.1 4130 29 84 85 E5414520 2.7 2.51 0.8 2100 27 85 86 E5414521 1.51 1.36 2.2 4000 30 86 87 E5414522 1.13 1.02 1.2 2890 29 87 88 E5414523 1.43 1.29 1.9 2370 28 90.5 92 E5411471 1.27 1.22 1.4 2170 31 104 105.5 E5412493 2.61 2.55 6 13800 40 105.5 107 E5412494 3.23 3.49 6 15300 30 107 108.5 E5412495 2.98 2.97 6.1 15700 25 108.5 110 E5412496 4.78 4.52 6.6 15500 18 110 111.5 E5412497 1.87 1.91 4.5 10200 23 111.5 113 E5412498 1.95 1.79 4.6 13600 18 113 114.5 E5412499 3.4 3.42 1.4 5420 28 114.5 116 E5412500 2.47 2.36 4.5 11400 25 116 117.3 E5412501 1.56 1.59 5 13400 28 117.3 118.3 E5412502 1.01 0.98 3.9 10900 32 118.3 119.8 E5411479 1.9 1.21 4.8 15083 21 119.8 121.3 E5411480 1.98 2.25 4.9 11221 20 121.3 122.8 E5411481 3.56 3.31 4.5 8900 20 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 60 Geologica Groupe – Conseil Inc. DDH IAX-12-195 From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 210.5 212 E5411560 1.18 1.33 0.7 672 41 119.4 120.1 E5411683 3.89 4.12 <0.5 1170 32 407.2 407.8 E5411725 1.66 1.57 <0.5 22 11 646.6 647.3 E5411807 2.04 2.41 1.6 620 27 647.3 648.3 E5411808 6.15 5.67 4.2 1890 42 658 659 E5411821 1.91 2.01 1.5 351 51 659 660 E5411822 8.19 8.41 5.6 6930 97 660 661 E5411823 1.37 1.66 1.2 632 72 661 661.7 E5411824 6.85 7.03 2.1 607 135 662.7 663.7 E5411827 2.31 2.48 2.1 217 60 663.7 664.7 E5411828 1.81 1.76 2.1 545 57 664.7 665.5 E5411829 9.57 8.86 4.5 2220 70 668.6 669.3 E5411834 1.03 1.14 2.1 288 67 673.8 674.8 E5411841 6.38 8.96 13 8020 119 674.8 675.8 E5411842 1.28 1.1 6.7 2720 90 676.8 677.4 E5411844 1.48 1.43 4.1 4020 64 677.4 678 E5411845 5.87 9.84 10.7 8250 91 678 679 E5411846 5.74 9.64 7.6 5230 66 679 680 E5411847 4.81 4.72 3.8 1610 64 680 681 E5411848 >10 72.5 5.3 1650 85 681 682 E5411849 2.26 2.35 1.9 625 55 683 684 E5411851 1.08 1.08 2.7 746 56 687 688 E5411858 1.46 1.3 1.7 39 41 688 689 E5411859 7.05 6.49 0.5 56 34 721 722 E5411945 1.57 2.01 1 14 17 755.5 756.1 E5411915 1.83 2.26 11.2 9390 168 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 61 Geologica Groupe – Conseil Inc. DDH IAX-12-196 IAX-12-197 From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 11.8 12.4 E5411963 1.37 1.06 2.1 1590 55 12.4 13.4 E5411964 2.97 2.19 2.5 717 56 16.4 17.4 E5411968 1.5 0.54 1.3 201 54 33 34.5 E5411987 1.16 -0.05 1.8 81 56 61.2 62 E5412018 2.74 2.55 8.1 2680 83 91.5 93 E5412052 1.77 1.94 1.3 149 43 93 94.5 E5412053 1.06 1.11 1 168 55 94.5 95.4 E5412054 1.41 1.54 1.3 315 50 95.4 96.4 E5412055 1.99 1.86 1.1 330 58 96.4 97.5 E5412056 2.15 2.31 1.6 575 56 110.8 111.5 E5412072 1.41 1.44 1.1 281 22 151 152 E5412111 2.69 2.71 0.7 675 30 214.4 215.4 E5412171 2.11 2 1.4 414 39 384 384.9 E5412248 1.19 1.43 1.1 75 25 384.9 385.6 E5412249 5.79 6.5 1.4 600 26 389.1 389.9 E5412254 1.22 1.06 1.1 115 13 415 416 E5412280 4.98 5.41 3.2 2950 57 416 417 E5412281 3.2 1.54 7.4 4720 102 424.1 424.8 E5412291 1.46 1.37 1.3 194 61 449 450 E5412320 1.29 1.32 0.9 332 47 452 453 E5412324 2.37 3.96 1 168 45 453 454 E5412325 1.12 1 1 302 42 454 455 E5412326 1.07 1.1 1.2 307 44 455 456 E5412328 1.36 1.21 1 118 42 456.8 457.2 E5412330 1.38 1.31 0.7 77 41 14 14.7 E5411083 1.93 1.58 2.7 771 39 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 62 Geologica Groupe – Conseil Inc. DDH IAX-12-198 IAX-12-199 From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 27.2 27.8 E5411095 2.48 2.83 2 1560 601 234.5 235.5 E5413124 1.37 1.41 1.4 611 55 247.5 248.5 E5413137 2.09 2.59 0.6 225 111 250.8 251.8 E5413141 1.11 1.02 2.4 747 67 288.7 289.3 E5413189 1.1 0.82 1.1 589 79 312.4 313 E5413209 1.72 1.86 1.2 319 42 314 315 E5413212 1.03 0.95 1 31 42 316.9 318 E5413215 1.18 1.06 1.2 11 26 318 319 E5413216 1.35 1.27 1 89 28 319 320 E5413218 1.87 1.93 1.3 284 32 324 325 E5413224 6.98 6.96 1.4 530 63 328 329.2 E5413229 1.92 1.9 <0.5 53 21 330.2 331.2 E5413231 1.05 0.56 <0.5 206 54 362.4 363.4 E5413269 1.6 1.5 0.7 1020 66 391.7 392.6 E5413305 1.53 1.12 1 372 40 141.2 142 E5413769 1.81 1.96 1.7 3480 16 152 153 E5413783 1.51 1.55 0.9 3430 25 157 158 E5413789 1.52 1.68 <0.5 338 22 178.8 179.7 E5413814 1.46 2.49 1.5 211 25 23 24 E5413337 2.28 2.3 1.7 486 37 24 25 E5413339 6.13 5.46 2 799 44 33.6 34.6 E5413349 1.83 1.85 2.5 1290 36 231 232 E5413453 2.82 2.84 <0.5 264 22 232 233 E5413454 1.37 1.36 <0.5 145 20 233 234 E5413455 1.77 1.82 0.7 629 27 234 235 E5413456 2.22 1.73 <0.5 67 19 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 63 Geologica Groupe – Conseil Inc. DDH From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 258 259 E5413483 1.17 0.8 1 147 19 300.2 301.2 E5413533 1.02 1.09 1.4 34 35 356 357 E5414095 2.67 3.15 <0.5 19 15 421.5 423 E5414170 1.26 2.01 3.9 1890 61 494 495 E5414235 1.3 2.06 9.3 4630 102 495 496 E5414236 1.49 1.63 11.9 6160 91 500.5 502 E5414241 1.11 1.12 4.2 121 42 513 514 E5414254 1.02 1.05 4.4 180 55 543 544 E5414284 2.12 2.42 3.8 232 47 544 545 E5414286 >10 19 3.6 1260 37 549 550.5 E5414292 1.96 2.14 4.5 345 41 556.5 558 E5414297 1.96 1.88 3.6 247 46 559.5 561 E5414299 2.17 2.9 3.7 132 41 565 566 E5414305 1.36 1.59 3.5 404 60 573 574 E5414314 3.66 3.55 4 329 47 574 575 E5414315 4.9 5.31 3.6 473 43 576 577 E5414317 1.12 1.05 4 226 48 579.7 581 E5414322 2.11 2.11 <0.5 583 55 587.9 588.3 E5414332 3.27 1.9 1.7 150 29 592.3 593.2 E5414337 7.3 5.17 3.5 108 37 648 649.5 E5414393 1.21 1.12 2 491 39 675.4 676.4 E5414405 2.81 3.24 4.9 5460 76 787 788 E5414506 1.98 1.85 0.8 21 100 789.2 790.1 E5414508 1.56 1.6 5.4 3910 114 806 807 E5414547 1.54 1.56 1.7 293 64 815.1 816 E5414558 2.35 2.31 5.1 135 68 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 64 Geologica Groupe – Conseil Inc. DDH IAX-12-200 From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 851.4 852.1 E5355138 1.79 1.37 1.2 902 33 151.6 152.6 E5414039 1.2 1.39 4.2 14000 17 152.6 153.7 E5414041 7.86 12.89 17.8 59700 16 153.7 154.7 E5414042 3.47 1.75 12.1 48700 24 154.7 155.8 E5414043 5.72 1.47 8.4 26800 22 156.8 157.4 E5414046 1.14 1.04 3.1 15500 47 158.4 159.4 E5414049 2.56 3.65 9.3 23800 28 159.4 160.4 E5414050 2.3 2.81 9.4 23900 17 160.4 161.4 E5414051 1.62 3.47 7.2 17100 35 161.4 162.4 E5414052 2.14 2.21 11.1 23100 20 162.4 163.4 E5414053 2.3 2.13 11.1 21600 18 163.4 164.4 E5414054 3.87 2.18 13 23800 18 164.4 165.4 E5414056 8.71 5.52 19.1 29300 21 165.4 166.4 E5414057 2.4 2.58 10.1 14900 25 166.4 167.4 E5414058 1.92 1.8 8.9 14700 24 167.4 168.4 E5414059 1.15 1.16 5.9 13300 20 177.4 178.4 E5414571 1.36 0.82 2.9 7860 17 178.4 179.4 E5414572 1.75 1.47 6.8 8490 17 180.4 181.4 E5414575 3.42 2.57 3.9 9270 27 183.4 184.4 E5414578 1.19 1.19 4.5 7620 22 191.4 192.4 E5414587 1.43 3.24 3.5 10900 18 196.4 197.4 E5414593 1.08 0.64 2.4 6020 17 199.4 200.4 E5414597 1.02 0.82 1.6 3720 10 206.4 207.4 E5414604 1.37 1.64 3.2 4100 17 207.4 208.4 E5414605 1.52 1.48 2.9 5680 15 208.4 209.4 E5414607 1.55 2.88 3.5 4480 13 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 65 Geologica Groupe – Conseil Inc. DDH IAX-12-201 From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 210.4 211.4 E5414609 2.26 2.28 2.5 3120 19 214.4 215.4 E5414614 1.04 0.92 0.8 1560 21 215.4 216.4 E5414615 1.07 2.31 1.8 4030 24 216.4 217.4 E5414616 5.4 5.47 2.8 6200 20 217.4 218.4 E5414618 1.51 1.34 1.8 2690 17 218.4 219.4 E5414619 1.84 1.9 1.8 3690 27 223.4 224.4 E5414624 1.28 1.1 2.3 3880 31 227.4 228.4 E5414629 1.15 1.01 1.9 3340 32 229.4 230.4 E5414631 1.73 1.89 2.1 3620 15 230.4 231.4 E5414633 1.31 0.99 1.3 3710 33 233.4 234.4 E5414636 2.56 2.29 2.4 5860 50 234.4 235.4 E5414637 1.3 1.3 2.2 4380 57 235.4 236.4 E5414638 1.2 1.34 2.8 3670 32 238.4 239.4 E5414642 1.11 1.47 1.5 2300 35 244.4 245.4 E5414649 2.57 2.36 5.1 14900 20 245.4 246.4 E5414651 1.99 1.96 4.5 15900 13 246.4 247.4 E5414652 1.74 1.5 3.6 11500 12 247.4 248.4 E5414653 1.06 1.05 2.4 6800 21 259.4 260.4 E5414667 2.25 1.94 6.5 10100 31 262.4 263.4 E5414670 1.29 1.35 2.4 3360 31 263.4 264.4 E5414671 2.73 2.88 3 8190 22 264.4 265.4 E5414672 1.82 1.85 2 5150 23 265.4 266.4 E5414673 2.26 1.99 1.4 3910 23 292 292.5 E5414705 1 2.07 4.7 6500 34 322.4 323.4 E5414742 5.04 5.54 2.6 1040 17 126 127 E5414905 1.15 0.99 1.1 3000 15 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 66 Geologica Groupe – Conseil Inc. DDH From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 138 139 E5414920 1.33 0.72 1.2 3490 25 163 164 E5414953 1.39 0.9 5.6 11900 20 165 166 E5414955 1.17 0.94 5.9 9430 28 167 168 E5414957 1.32 3.01 9.2 13800 30 175 176 E5414967 1.16 0.68 5.5 7340 25 178 179 E5414970 1.27 1.75 2.7 7530 18 181 182 E5414974 1.22 1.32 3.6 6120 19 182 183 E5414975 1.29 1.33 4.1 8950 20 183 184 E5414976 1.15 1.19 2.6 5200 24 185 186 E5414979 1.78 1.05 2.5 5140 24 190 191 E5414984 3.02 2.97 4.9 7730 26 191 192 E5414985 3.25 3.23 3.2 5690 29 192 193 E5414986 2.52 1.89 2.6 4070 27 193 194 E5414988 1.65 1.73 2.7 4080 23 194 195 E5414989 2.83 2.99 2 4840 23 195 196 E5414990 1.13 1.18 2.9 2610 26 197 198 E5414992 1.04 0.82 1.3 1720 33 199 200 E5414995 2.17 2.31 4.9 4920 29 215 216 E5413614 1.71 1.84 4.8 10500 20 216 217 E5413615 1.55 1.57 4.4 8580 23 217 218 E5413617 1.93 2 3.8 10200 22 218 219 E5413618 2.04 2.06 3.3 9110 23 219 220 E5413619 2.17 2.41 4 9050 22 220 221 E5413620 2.93 2.86 4.4 9660 24 221 222 E5413621 1.63 2.66 2.4 5460 27 222 223 E5413622 1.69 1.67 2.7 6480 33 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 67 Geologica Groupe – Conseil Inc. DDH IAX-12-202 IAX-12-203 From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 223 224 E5413623 2.33 2.29 3.4 7770 28 224 225 E5413624 1.72 1.85 3.5 8200 25 225 226 E5413626 1.17 1.21 4.9 11300 19 226 227 E5413627 1.75 1.83 6.5 15300 20 227 228 E5413628 3.04 3.03 5.9 14200 24 228 228.6 E5413629 2.34 2.27 3.6 6070 25 116.2 117.2 E5358259 2.03 0.58 3 7810 28 154.5 156 E5358298 1.27 1.25 3.8 5170 18 156 157.5 E5358299 1.04 0.96 1.7 3130 29 195.4 196.4 E5358342 2.05 1.53 3.4 6780 31 196.4 197.4 E5358343 1.67 1.19 1.9 4100 36 199.4 200.4 E5358346 1.25 2.01 3.3 10100 27 200.4 201.4 E5358348 2.39 2.19 2.9 6800 30 201.4 202.4 E5358349 1.08 1.13 2.3 5090 32 215.4 216.4 E5358365 3.18 1.45 7 10200 36 24.5 25.3 E5355189 >10 22.5 3 376 41 243 244 E5355312 1.21 0.99 1.3 282 21 245 246 E5355314 1.32 1.06 0.5 295 26 247 248 E5355316 1.11 0.82 1.2 375 28 248 249 E5355317 1.21 1.15 1.1 266 16 457.8 458.5 E5355531 1.02 0.5 <0.5 42 7 462 463.1 E5355537 7.63 7.2 1 904 13 705.4 706.1 E5355685 1.04 1.06 <0.5 315 31 713 714 E5355695 4.01 3.71 6.7 1810 141 756.5 757.5 E5355724 2.5 2.54 2.4 278 1260 758.5 759.5 E5355726 2.29 2.35 0.5 146 34 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 68 Geologica Groupe – Conseil Inc. DDH IAX-12-204 IAX-12-205 IAX-12-207 IAX-12-208 IAX-12-211 IAX-12-212 IAX-12-214 From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 176.1 177.1 E5358664 1.08 0.6 3 3380 101 180.4 181.1 E5358669 1.29 1.16 6.5 5870 53 194.3 195.3 E5358686 5.15 4.81 5.3 3580 67 200.3 201.3 E5358693 1.54 0.99 1.4 5970 25 172 173 E5358965 1.09 0.84 0.8 1060 27 654 655 E5356033 2.04 2.48 1.8 763 38 662.4 663.3 E5356044 6.58 3.33 3.1 812 109 664.3 665.1 E5356046 1.9 1.39 1.6 182 93 665.1 666 E5356047 2.65 2.9 1.5 496 86 666 666.9 E5356048 2.71 2.63 0.9 767 125 666.9 667.6 E5356049 1.52 0.98 1.3 396 95 700 701 E5356091 1.16 1.09 0.8 285 22 340.5 342 E5355803 1.9 2.04 2.3 188 42 346.4 347.4 E5355807 1.52 1.63 0.9 537 28 355.3 356.3 E5355820 1.71 1.29 2 22 47 392.7 393.3 E5355859 2.21 4.02 2.1 670 20 399 399.6 E5355867 >10 16.01 3.1 1330 45 446.3 447 E5355915 1.09 1.18 <0.5 181 62 462 462.6 E5355937 1.89 4.09 3.9 3750 82 489.4 489.9 E5355971 1.66 1.55 <0.5 570 63 288.8 289.9 E5359390 2.28 1.61 4.1 2010 50 278 279 E5359572 1.28 1.25 2.6 5790 14 279 280 E5359574 1.17 1 1.9 5000 13 304.6 305.5 E5359596 1.01 1 3.7 1800 77 307 308 E5359909 1.18 1.16 2.3 8010 12 308.9 310 E5359911 1.89 1.62 4.7 10800 16 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 69 Geologica Groupe – Conseil Inc. DDH IAX-12-215 From (m) To (m) Sample Au (gpt_AA23) Au (gpt_GRA21) Ag (gpt_AA45) Cu (ppm_AA45) Zn (ppm_AA45) 310 311 E5359912 1.61 1.7 4.8 9930 13 312 313 E5359914 1.41 1.05 4.1 9120 18 313 314 E5359915 2.03 1.97 4.9 10200 18 314 315 E5359916 1.56 1.57 5.3 9980 17 315 316 E5359917 1.22 1.19 5.2 8630 16 316 317 E5359918 1.25 1.33 4.8 13300 13 322 323 E5359925 1.39 1.43 3.4 4290 15 382 382.7 E5359997 1.61 2.36 1 758 21 280.5 282 E5360221 1.11 1.11 5 8500 35 304 305 E5360242 2.75 2 3 6800 27 305 306 E5360243 3.53 3.4 5.4 7570 23 306 307 E5360244 2.07 1.91 2.9 5270 31 307 308 E5360245 1.22 1.57 2 2960 36 315 316 E5360255 1.74 1.65 3.7 5520 27 318 319 E5360258 1.31 1.35 4.5 10800 25 319 320 E5360259 2.02 2.04 4.9 9880 21 320 321 E5360260 1.55 1.56 5.6 5970 38 321 322 E5360262 1.6 1.63 3.9 7610 30 323 324 E5360264 1.06 1.03 2.6 4110 24 324 325 E5360265 1.14 1.31 2.3 6600 26 325 326 E5360266 2.48 2.42 6.4 14800 16 326 327.1 E5360267 1 - 2.1 2600 30 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 70 Geologica Groupe – Conseil Inc. 11.0 SAMPLE PREPARATION, ANALYSIS AND SECURITY (Item 11) For the 2011-2012 drilling program, the core sampling protocol was established by Alexandria Minerals Corporation. Once the drill core extracted, the sampling method was as follows: 11.1 Sample preparation • • • • • • • • • • • • • • Core boxes are received daily from the drilling company, opened and set on logging tables. The core is fitted together, washed with water and a brush, the depth markers in the boxes are all checked to make sure there are no depth measurement mistakes; Before logging commences, pictures of the core boxes are taken in its entirety; The core recovery and RQD of the core is then measured. Then geology and contacts are marked with a yellow wax marker and the descriptions are entered into a logging program (Drill logger/CAE Min. System) to then be transferred into MapInfo. Samples for assaying are then marked and described, the geologist also orients the core, marks the start and end of the sample directly onto the core with a red colored wax crayon while the core is still intact in the core box. This allows for the sampling of the same side of the core, as well as cutting perpendicular to the structure; The core is generally sampled over regular intervals varying between 30 cm minimum and 150 cm maximum; Samples are measured to the nearest centimeter, and sample intervals coincide with major lithological boundaries where appropriate; A sample tag, made of waterproof paper and legible ink, is placed at the start of the sample interval. Each sample number is unique and entered in the database, a distinct series is used (eg. 113835); Known standards are inserted by the geologist about every 20 samples. A tag is placed at the appropriate location in the core box, and a technician is in charge to prepare the sample standard as he processes through the cutting of the core and encounters the standard sample tags; Samples are split with an hydraulic rock saw in Alexandria Minerals Corp.’s core shack in Val-d’Or where the core is stored. Samples are split in half, longitudinally, using an hydraulic rock saw in order to provide witness samples; Half the sample, bottom half, (assay sample) is placed separately in a plastic bag tied with a plastic tie wrap. The other half is returned to the box according to its original position in the core box and retained for future reference; In the case of “ground core”, samples are taken by hand with a scoop and a representative part is kept in the core box; On the remaining half, the sample tag is stapled into the core box showing the sample number at the beginning of the marked sample interval; The bags are sealed with a plastic tie wrap, a lab requisition form is completed with the instructions for assay procedures, samples to be assayed with sample number list and st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 71 Geologica Groupe – Conseil Inc. form of assay result presentation. The samples are then picked up by the laboratory employee directly at the coreshack and a requisition form is signed; 11.2 Analysis • • • • • • One Standard (Ore Research & Exploration Pty Ltd.) sample is introduced within each batch of 20 core samples. The ASL samples are already packaged in 60 gm sealed foiled bags. The samples introduced are: OREAS 15Pa; OREAS 54Pa; OREAS 10c; OREAS 15h; OREAS 15p; OREAS 52c; OREAS 204; OREAS 10Pb and OREAS 62Pb; Also introduced by Alexandria personnel in the batch of 20 core samples is one blank sample, normally introduced within an area that may expect to give results. The blank sample is pure silica, carbonate gravel; Also introduced in the batch of 20 core samples is a duplicate sample of the core sample already collected for assaying (2 tags in the same bag split at the lab); Rock samples were prepared at Agat Laboratories in Sudbury, Ontario and ALS Chemex in Val-d’Or (Quebec). All samples underwent custom crushing and pulverizing techniques. The entire sample was passed through a primary crusher to yield a fine crushed product where greater than 95% of the sample passes through a 2mm (-10 mesh) screen. Samples were then riffle split to obtain approximately a one-kilogram sub-sample. When the crushed sample yielded approximately one kilogram the entire sample was pulverized. A one-kilogram crushed sample split was ground using a ring mill pulverizer. All samples were pulverized to greater than 70% of the ground material passing through a 75-micron screen. Samples were analyzed at Agat Laboratories in Sudbury, Ontario and ALS Chemex in Val-d’Or, Quebec for Au, Ag, Cu, and Zn. The samples are analyzed for Au by FAA – Gold Fire Assay (Pyro-SAA-020), AA Finish Fire Assay Fusion. For fully quantitative total gold contents, the fire assay procedure is the preferred choice of analysis. The samples are mixed with fluxing agents including lead oxide, and fused at high temperature. The lead oxide is reduced to lead, which collects the precious metals. When the fused mixture is cooled, the lead remains at the bottom, while a glass-like slag remains at the top. The precious metals are separated from the lead in a secondary procedure called cupellation. The final technique used to determine the gold and other precious metals contents of the residue can range from a balance (for very high grade samples). 30-g samples were analyzed for gold using fire assay with atomic absorption finish (Au-AA020), giving a lower limit of detection of 5 ppb and an upper limit of detection of 10,000 ppb Au. For samples with > 1000 ppb Au, a 30-g sample was reassayed using fire assay methods with a gravimetric finish (Au-Pyro-SAA-010), giving a lower limit of 0.05 gpt and an upper limit of 1,000 gpt. If assays surpassed 10 gpt Au then they are re-assayed by Pyro Gravimetric (Au-Pyro-SAA-010). Samples are also analyzed for Ag (DIG-AR Ag detection 0.5 ppm), Cu (DIG-AR Cu detection 5ppm) and Zn (DIG-AR Zn detection 5ppm). A prepared 0.50-gram sample was digested with perchloric, nitric and hydrofluoric acids. The residue was dissolved in nitric and hydrochloric acids and diluted to a final volume with de-ionized water. The resulting solution was analyzed by inductively coupled plasma-atomic emission spectrometry (ICPAES). Following this analysis, the results are reviewed to ensure that base metal concentrations are less than 1%, with the exception of silver, which have upper analytical limits of 100, 500, and 1000 ppm. Samples that met this criterion were then diluted and st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 72 Geologica Groupe – Conseil Inc. • analyzed by inductively coupled plasma - mass spectrometry. Results were corrected for spectral inter-element interference. Internal Lab Quality Control Procedures – Lab standard operating procedures require the analysis of quality control samples (reference materials, duplicates and blanks) with all sample batches. As part of the assessment of every data set, results from the control samples are evaluated to ensure they meet set standards determined by the precision and accuracy requirements of the method. 11.3 Quality control and Security I- List of Standard Used and Description Standard Standard Name Type 10C 10Pb 15H 15Pa 15Pb 54Pa 52c Au Au Au Au Au Au-Cu Au Furnisher Std Mean(g/t) 6.60 7.15 1.02 1.02 1.06 2.90 0.346 Calculated Calculated Mean (g/t) Standard Deviation(g/t) 6.58 0.30 7.10 0.36 1.06 0.08 1.00 0.10 1.09 0.10 2.89 0.17 - Test 1* 9.08 10.05 15.11 19.42 18.63 11.91 - Min Allowed (g/t)** 5.83 6.20 0.86 0.75 0.84 2.465 0.276 Max Allowed (g/t)*** 7.33 8.00 1.26 1.25 1.34 3.315 0.416 Calculation based on ? standards 478 214 31 319 49 466 Details on Calculations: *Test 1: ((2*standard deviation)/Calculated Mean)*100 valid ((2*standard deviation)/Mean)*100 standard mean should be used. < 50% Mean and Standard Deviation are > 50% Mean and Standard Deviation are invalid and the Furnisher ** Minimum allowed calculation Min = Calculated Mean – (2.5*standard deviation) ***Maximum allowed calculation Max = Calculated Mean + (2.5*standard deviation) st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 73 Geologica Groupe – Conseil Inc. II- Procedure of Standards’ verification Original Assays certificates received from the laboratory are forwarded to the geomatician who is in charge of integrating the individual certificates (on certain occasion, the project geologist is the one integrating the assays certificates). The certificates are then saved onto the network in the corresponding drill hole folder in a folder called “Original’. A copy of the original certificate is then saved in a folder called “Import” and the copy is labelled as follow: “10U5321656_Verified_E.B.” Lab Certicate Number Initial of the person who verified the certificate This indicates that the file has been opened and that it corresponds to Alexandria Minerals Corp. importation template. For standards that have gold values superior to 1g/t. The laboratory should only process to Fire Assays analysis with AA finish (no gravimetric finish). In the case a laboratory still does process with gravimetric analysis, the geologist and the geomatician should only consider the value of the fire assays and only this value should be integrated within the central database. When the certificate is integrated within the database, automatic processes check if the analysed value within the certificate is within 2.5 standard deviations from the actual value of the standard. - If the analysed value is higher than 2.5 std, the project geologist contacts the laboratory and asks for a recheck of the analysis on the pulps of the sample. In this case, a notification is sent to the V.P. of Exploration (Mr. Peter Legein). If at the second pass the certificates meets the QAQC criteria then, the recheck value replaces the first original value in column AA23 and a note automatically remains in the central database indicating that there were 2 integration processes and that some values have been replaced during the second importation (details are automatically reported within the import log of the certificate in the central database). - If the analysed value is within 2.5 std deviation from the actual standard value, then the import log is saved onto the network along with a QAQC chart presented as follow: st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 74 Geologica Groupe – Conseil Inc. The project geologist is then in charge of verifying if there is no bias in the analysis (standards are always very low or always very high). If a bias is remarked in the analysis then the assays are re-analysed and a notification is send to the laboratory. Once all the assays from a drill hole have been integrated and verified, in order to guarantee that the QAQC criteria have been respected, the geomatician will have to approve and deliver for the drill hole Crystal Report stating the good achievement of the QAQC. This report will have to be sent at the same time as the final assays to the project geologist (Emilie Batailler) who will be in charge of transferring the information to the V.P. of Exploration (Peter Legein). III- Data transformation during integration The program used by Alexandria Minerals Corp. from CAE Mining (DH Logger) does not deal with symbols within the assay table. Therefore, some of the codes used by the laboratory within the certificates are automatically transformed during the importation of the data. This happens in cases where the laboratory reaches a detection limit superior (>) or inferior (<), or in cases where a sample has not been recovered (NRS). In the where case a sample has not been recovered, the import fails and a notification is given to the person importing the certificates. This problem is then looked at and fixed. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 75 Geologica Groupe – Conseil Inc. In cases an analysis is below or above detection limit automatic replacement is done as follow: IV- Laboratory Code Automatic formula <0.02 >10 0.02/2 Value entered in Central Data base 0.01 -9999 Calculation of the Au_calculated field, the case of multi-analysis Within the central database there are 8 main columns for gold: - AU_AA23 (fire assays with AA finish) - AU_GRAV21 (fire assays with gravity fnish) - AU_MS (metallic screen analysis) - AU_Calc (calculated gold value with the program) - All those columns repeat for duplicates analysis The Au_Calc field is automatically calculated during the integration of the assays using the following rules: - If a metallic screen analysis is present then Au_Calc = Au_MS - If only a fire assay with AA finish is done (Au<1g/t), then Au_Calc = Au_AA23 - If a fire assay with AA finish and a gravity finish is done, then Au_Calc = (Au_AA23 + Au_Grav21)/2 - If a duplicate is present the (Au_Calc = Au_assays _original + Au_Duplicate ) / 2 - If an assay has a AA finish value above detection limit (-9999), then Au_Calc = Au_Grav21 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 76 Geologica Groupe – Conseil Inc. 12.0 DATA VERIFICATION (Item 12) 12.1 Field visit In February 1st, 2013, one of the authors, Mr. Daniel Gaudreault, has realized a field visit on the Project with the assistance of Mr. Stephane Mantha from Alexandria. This visit consisted to take some photos of the New Au-Cu Akasaba West Zone access and drill sites conresponding with re-checked drillholes (IAX-12-194 and IAX-12-200); and a photo of the drill site of drillhole IAX-12-195 (see Photos 4 to 9 below). Photos 4 and 5: Drill site of IAX-12-194 Photos 6 and 7: Drill site of IAX-12-200 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 77 Geologica Groupe – Conseil Inc. Photos 8 and 9: Drill site of IAX-12-195 12.2 Database verification and validation The update of Alexandria CAE Mining System database comprises forty (40) diamond drillholes totalling 17,723.12 meters metres. A total of 9,343 core samples are included, as well as 1,614 QA/QC samples (548 blanks, 342 Standards and 724 duplicates) and 2,353 re-assays. The authors were granted access to the official results from the Agat laboratories and ALS Chemex. The former two cover drillholes discussed in this report. The authors obtained every certificate directly from the laboratories and built the database used in this report using the information contained therein. Errors were noted in the original database, but these were considered minor and of the type normally encountered in a project database. However, none of the observed errors in the original database are present in the database used for the resource estimate and the Alexandria database has been corrected since then. The final database is considered to be of good overall quality. Geologica considers the database for the Akasaba project to be valid and reliable. 12.3 Drill core re-check by Geologica Geologica collected and analysed a total of 239 samples of quarter of second-half drillcore from holes IAX-12-194 (66 samples) and IAX-12-200 (137 samples) from the New Au-Cu Akasaba West Zone; and IAX-12-195 (36 samples) from Akasaba Mine area, completed by Alexandria (Tables 8 to 10 and Figure 12). Geologica’s samples were collected independently of Alexandria, kept secure and transported to the ALS Chemex assay laboratory in Val-d’Or (Quebec) for fire assay using aliquots of 30 g for fire assay, st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 78 Geologica Groupe – Conseil Inc. all assays were finished by atomic absorption. Sample preparation included crushing to 70% less than 2 mm, riffling out a 200 g fraction and pulverizing to 85% less than 75 µm. Among the re-checked samples chosen by Geologica for their data corroboration, some of the samples revealed very high values (higher assay results) for the same sample previously completed by Alexandria (yellow highlight in IAX-12-195 and IAX-12200 in Tables below). Additional check assays were therefore completed on these samples that gave much higher results than previously. In case the discrepancy occurred due to sampling procedure by Geologica or laboratory procedures. Rejects of half core analysed by Agat laboratory were re-analysed at ALS Chemex and analysis had a good correlation. Rejects of quarter split analyzed by ALS Chemex were also re-analysed. Correlation of the results indicated that the sampling techniques was the probable principal cause of the discrepancy between the original checks samples. This is principally due to the fact that only dust and small gravels were left in the core boxes for those samples and therefore, those samples were not representative of the original sample. Indeed, the dusts and the gravel tended to contain more free gold and bornite (Photos below). Photos : IAX-12-200 – Re-check sampling st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 79 Geologica Groupe – Conseil Inc. Table 8: Corroboration of drillhole IAX-12-194 ALEXANDRIA GEOLOGICA DDH From To Sample Au_AA23 Ag_AA45 Cu_AA45 Zn_AA45 Sample Au_AA23 Ag_AA45 Cu_AA45 Zn_AA45 IAX-12-194 48.1 49.6 E5411449 0.623 3.9 6150 33 N166138 0.582 1.8 6520 45 IAX-12-194 49.6 51.1 E5411450 0.688 4.4 4630 40 N166139 1.25 1.8 4040 61 IAX-12-194 51.1 52.1 E5411451 1.02 5.8 6560 47 N166140 0.944 3.2 5570 59 IAX-12-194 52.1 53.1 E5411452 0.47 3.4 5840 25 N166141 0.731 2.2 4790 30 IAX-12-194 53.1 54.6 E5411453 1.15 3.8 8530 18 N166142 1.925 3.3 7710 21 IAX-12-194 54.6 56.1 E5411455 1.96 3.4 6670 19 N166143 0.872 4.9 7160 20 IAX-12-194 56.1 57.6 E5411456 0.85 3 7390 17 N166144 0.865 2.7 6620 19 IAX-12-194 57.6 59.1 E5411457 0.438 1.9 5880 16 N166145 0.764 2.4 5890 19 IAX-12-194 59.1 60.6 E5411458 1.22 4.6 10657 29 N166146 0.717 3.8 11080 36 IAX-12-194 60.6 62.1 E5411459 1.14 2.5 7160 18 N166147 0.798 2.7 8940 25 IAX-12-194 62.1 63.6 E5411460 0.39 1.4 3610 34 N166151 0.343 1.3 3590 40 IAX-12-194 63.6 65.1 E5411461 0.242 1.5 4610 41 N166152 0.183 1.6 2900 52 IAX-12-194 65.1 66.6 E5411462 0.276 1.2 1990 32 N166153 0.243 1.1 2210 41 IAX-12-194 66.6 68.1 E5411464 0.497 2.3 3870 23 N166154 0.527 2.2 4140 21 IAX-12-194 68.1 69.6 E5411465 1.16 2.9 5700 22 N166155 0.391 2.7 6430 28 IAX-12-194 69.6 71.1 E5411466 0.561 1.8 3410 22 N166156 0.44 2.4 3670 28 IAX-12-194 71.1 72.6 E5411468 0.396 1.9 4230 22 N166157 0.361 2.4 3710 27 IAX-12-194 72.6 74.1 E5411469 0.858 2.4 5300 27 N166158 0.966 2.1 5040 33 IAX-12-194 74.1 75.1 E5414510 1.23 2.2 4580 47 N166159 0.784 2.3 4580 47 IAX-12-194 75.1 76.1 E5414511 1.76 3.5 6300 44 N166160 2.1 4.8 7550 44 IAX-12-194 76.1 77.1 E5414512 1.11 2.5 7420 56 N166161 1.33 3.2 8520 53 IAX-12-194 77.1 78.1 E5414513 1.55 3.7 7220 55 N166162 1.65 3.1 7400 54 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 80 Geologica Groupe – Conseil Inc. ALEXANDRIA GEOLOGICA DDH From To Sample Au_AA23 Ag_AA45 Cu_AA45 Zn_AA45 Sample Au_AA23 Ag_AA45 Cu_AA45 Zn_AA45 IAX-12-194 78.1 79.1 E5414514 1.73 2.6 6150 58 N166163 1.985 2.9 7010 66 IAX-12-194 79.1 80.1 E5414515 1.68 2.3 5090 45 N166164 1.905 1.8 4650 50 IAX-12-194 80.1 81.1 E5414516 0.494 <0.5 1860 33 N166165 0.853 0.9 2770 38 IAX-12-194 81.1 82.1 E5414517 0.671 3.8 7850 26 N166166 0.735 1.5 1820 35 IAX-12-194 82.1 83.1 E5414518 0.684 1.1 1810 21 N166167 0.542 0.8 1765 34 IAX-12-194 83.1 84 E5414519 1.35 2.1 4130 29 N166168 1.375 2.3 4490 40 IAX-12-194 84 85 E5414520 2.7 0.8 2100 27 N166169 2.53 4.2 8510 35 IAX-12-194 85 86 E5414521 1.51 2.2 4000 30 N166170 1.69 2.8 5290 40 IAX-12-194 86 87 E5414522 1.13 1.2 2890 29 N166171 1.035 1.2 2860 46 IAX-12-194 87 88 E5414523 1.43 1.9 2370 28 N166172 1.055 1.6 1990 45 IAX-12-194 88 89 E5414524 0.165 <0.5 411 30 N166173 0.204 0.3 583 47 IAX-12-194 89 90.5 E5411470 0.194 <0.5 604 34 N166174 0.121 0.4 495 47 IAX-12-194 90.5 92 E5411471 1.27 1.4 2170 31 N166178 0.823 1 1305 44 IAX-12-194 92 93.5 E5411472 0.133 <0.5 724 38 N166179 0.139 0.5 987 52 IAX-12-194 93.5 95 E5411473 0.073 <0.5 522 43 N166180 0.042 0.2 436 56 IAX-12-194 95 96.5 E5411474 0.16 <0.5 1440 42 N166181 0.098 0.6 1035 57 IAX-12-194 96.5 98 E5411476 0.356 <0.5 1290 40 N166182 0.268 0.6 1160 55 IAX-12-194 98 99.5 E5411477 0.14 <0.5 826 45 N166183 0.162 0.4 771 60 IAX-12-194 99.5 101 E5412490 0.716 2.1 3630 42 N166184 0.583 1.4 2990 56 IAX-12-194 101 102.5 E5412491 0.734 1.7 3560 37 N166185 0.786 1.9 3480 47 IAX-12-194 102.5 104 E5412492 0.914 2.4 5400 36 N166186 0.885 2.1 5500 40 IAX-12-194 104 105.5 E5412493 2.61 6 13800 40 N166187 2.38 4.7 13220 34 IAX-12-194 105.5 107 E5412494 3.23 6 15300 30 N166188 2.81 5.4 13880 34 IAX-12-194 107 108.5 E5412495 2.98 6.1 15700 25 N166189 3.29 5.9 15930 23 IAX-12-194 108.5 110 E5412496 4.78 6.6 15500 18 N166190 5.5 6.8 17030 22 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 81 Geologica Groupe – Conseil Inc. ALEXANDRIA GEOLOGICA DDH From To Sample Au_AA23 Ag_AA45 Cu_AA45 Zn_AA45 Sample Au_AA23 Ag_AA45 Cu_AA45 Zn_AA45 IAX-12-194 110 111.5 E5412497 1.87 4.5 10200 23 N166191 2.11 3.9 10610 27 IAX-12-194 111.5 113 E5412498 1.95 4.6 13600 18 N166192 1.97 5 14520 26 IAX-12-194 113 114.5 E5412499 3.4 1.4 5420 28 N166193 3.31 2 5340 35 IAX-12-194 114.5 116 E5412500 2.47 4.5 11400 25 N166194 2.4 3.6 9600 34 IAX-12-194 116 117.3 E5412501 1.56 5 13400 28 N166195 1.37 3.7 12640 30 IAX-12-194 117.3 118.3 E5412502 1.01 3.9 10900 32 N166196 1.085 3.5 11560 44 IAX-12-194 118.3 119.8 E5411479 1.9 4.8 15083 21 N166197 1.635 4.9 14470 26 IAX-12-194 119.8 121.3 E5411480 1.98 4.9 11221 20 N166201 2.04 3.8 11050 24 IAX-12-194 121.3 122.8 E5411481 3.56 4.5 8900 20 N166202 3.3 4.5 8780 28 IAX-12-194 122.8 123.8 E5411482 0.032 <0.5 300 42 N166203 0.035 0.2 248 47 Correlation IAX-12-194 Au (g/t) 6 4 2 Au_AA23_Alexandria 0 1 4 7 10 13 16 19 Au-AA23_Geologica 22 25 28 31 34 37 40 43 46 49 52 55 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 82 Geologica Groupe – Conseil Inc. Table 9: Corroboration of drillhole IAX-12-195 ALEXANDRIA GEOLOGICA DDH From To Sample Au_AA23 Au_GRA21 Ag_AA45 Cu_AA45 Zn_AA45 Sample Au-AA23 IAX-12-195 658 659 E5411821 1.91 2.01 1.5 351 51 N166204 2.48 IAX-12-195 659 660 E5411822 8.19 8.41 5.6 6930 97 N166205 >10.0 IAX-12-195 660 661 E5411823 1.37 1.66 1.2 632 72 N166206 0.691 IAX-12-195 661 661.7 E5411824 6.85 7.03 2.1 607 135 N166207 >10.0 IAX-12-195 661.7 662.7 E5411825 0.411 - 1.9 352 66 N166208 IAX-12-195 662.7 663.7 E5411827 2.31 2.48 2.1 217 60 IAX-12-195 663.7 664.7 E5411828 1.81 1.76 2.1 545 IAX-12-195 664.7 665.5 E5411829 9.57 8.86 4.5 2220 IAX-12-195 665.5 666.3 E5411830 0.867 - 1.1 IAX-12-195 666.3 667 E5411831 0.592 - IAX-12-195 667 668 E5411832 0.453 IAX-12-195 668 668.6 E5411833 IAX-12-195 668.6 669.3 IAX-12-195 669.3 IAX-12-195 IAX-12-195 IAX-12-195 Ag-AA45 Cu-AA45 Zn-AA45 0.7 269 53 6.6 8000 124 0.5 630 85 1.9 746 151 0.648 0.6 357 69 N166209 0.59 0.3 137 32 57 N166210 1.735 0.7 334 17 70 N166211 >10.0 3.6 340 38 60 58 N166212 2.62 0.3 69 55 1.6 527 60 N166213 0.748 -0.2 23 67 - 1.6 17 56 N166214 0.363 -0.2 2 63 0.944 - 0.9 29 53 N166215 0.211 -0.2 11 66 E5411834 1.03 1.14 2.1 288 67 N166216 1.075 -0.2 271 79 670 E5411836 0.924 - 2 1070 44 N166217 1.085 1.2 1655 53 670 670.8 E5411837 0.528 - 6.9 3960 66 N166218 0.498 5.7 4290 65 670.8 671.8 E5411838 0.388 - 4.4 2640 63 N166219 0.392 2.9 2540 31 671.8 672.8 E5411839 0.193 - 3.6 1670 55 N166220 0.104 2.2 1550 40 IAX-12-195 672.8 673.8 E5411840 0.222 - 3.7 2030 52 N166224 0.253 3.6 1780 36 IAX-12-195 673.8 674.8 E5411841 6.38 8.96 13 8020 119 N166225 3.78 10.9 7150 104 IAX-12-195 674.8 675.8 E5411842 1.28 1.1 6.7 2720 90 N166226 1.145 3.4 2280 53 IAX-12-195 675.8 676.8 E5411843 0.601 - 3 1150 65 N166227 0.399 1.3 1040 35 IAX-12-195 676.8 677.4 E5411844 1.48 1.43 4.1 4020 64 N166228 1.12 2.6 1570 54 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 83 Au-GRA21 12.6 82.8 10.85 Geologica Groupe – Conseil Inc. ALEXANDRIA GEOLOGICA DDH From To Sample Au_AA23 Au_GRA21 Ag_AA45 Cu_AA45 Zn_AA45 Sample Au-AA23 Ag-AA45 Cu-AA45 Zn-AA45 IAX-12-195 677.4 678 E5411845 5.87 9.84 10.7 8250 91 N166229 1.82 5 2030 44 IAX-12-195 679 680 E5411847 4.81 4.72 3.8 1610 64 N166230 >10.0 13.35 5 1550 55 IAX-12-195 680 681 E5411848 >10 72.5 5.3 1650 85 N166231 >10.0 185 IAX-12-195 682 683 E5411850 0.298 - 1.8 222 55 N166232 0.191 5.8 1465 51 0.2 161 18 IAX-12-195 683 684 E5411851 1.08 1.08 2.7 746 56 N166233 1.125 1.3 841 24 IAX-12-195 684 685 E5411852 0.113 - 1.3 34 41 N166234 0.326 0.2 15 24 IAX-12-195 685 686 E5411855 0.179 - 0.8 4 39 N166235 0.151 -0.2 6 30 IAX-12-195 686 687 E5411857 0.489 - 1.1 3 38 N166236 0.196 -0.2 4 29 IAX-12-195 687 688 E5411858 1.46 1.3 1.7 39 41 N166237 4.06 0.5 83 24 IAX-12-195 688 689 E5411859 7.05 6.49 0.5 56 34 N166238 >10.0 2.4 63 17 IAX-12-195 689 690 E5411860 0.427 - 1.7 3 36 N166239 2.02 0.3 2 17 Correlation IAX-12-195 Au (g/t) 200 100 Au_AA23_Alexandria Au-AA23_Geologica 0 1 4 7 10 13 16 19 22 25 28 31 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 84 Au-GRA21 15.4 Geologica Groupe – Conseil Inc. Table 10: Corroboration of drillhole IAX-12-200 ALEXANDRIA GEOLOGICA DDH From To Sample Au_AA23 Au_GRA21 Ag_AA45 Cu_AA45 Zn_AA45 Sample Au-AA23 Au-GRA21 Ag-AA45 Cu-AA45_46 Zn-AA45 IAX-12-200 148.6 149.6 E5414036 0.521 - 7.9 8260 50 N166001 0.514 - 1.7 6450 44 IAX-12-200 149.6 150.6 E5414037 0.872 - 3.4 11900 29 N166002 0.729 - 3.5 12990 20 IAX-12-200 150.6 151.6 E5414038 0.601 - 3.1 8970 21 N166003 0.539 - 2.1 9270 8 IAX-12-200 151.6 152.6 E5414039 1.2 1.39 4.2 14000 17 N166004 >10.0 18.45 6.5 13630 14 IAX-12-200 152.6 153.7 E5414041 7.86 12.89 17.8 59700 16 N166005 >10.0 383 116 51390 11 IAX-12-200 153.7 154.7 E5414042 3.47 1.75 12.1 48700 24 N166006 >10.0 17.45 45.7 103950 29 IAX-12-200 154.7 155.8 E5414043 5.72 1.47 8.4 26800 22 N166007 >10.0 8.12 10.7 25810 10 IAX-12-200 155.8 156.8 E5414045 0.829 - 4 16200 38 N166008 0.804 - 2.8 13970 26 IAX-12-200 156.8 157.4 E5414046 1.14 1.04 3.1 15500 47 N166009 3.21 - 2.6 18390 21 IAX-12-200 157.4 158.4 E5414047 0.646 - 2.3 17600 26 N166010 0.66 - 1.7 18020 17 IAX-12-200 158.4 159.4 E5414049 2.56 3.65 9.3 23800 28 N166011 2.42 - 7 23190 14 IAX-12-200 159.4 160.4 E5414050 2.3 2.81 9.4 23900 17 N166012 2.08 - 8.7 26030 7 IAX-12-200 160.4 161.4 E5414051 1.62 3.47 7.2 17100 35 N166013 1.28 - 5.8 17540 38 IAX-12-200 161.4 162.4 E5414052 2.14 2.21 11.1 23100 20 N166014 1.9 - 9.3 21540 7 IAX-12-200 162.4 163.4 E5414053 2.3 2.13 11.1 21600 18 N166015 2.44 - 9.8 24460 6 IAX-12-200 163.4 164.4 E5414054 3.87 2.18 13 23800 18 N166016 2.56 - 8.3 22640 5 IAX-12-200 164.4 165.4 E5414056 8.71 5.52 19.1 29300 21 N166017 2.93 - 9.9 19840 10 IAX-12-200 165.4 166.4 E5414057 2.4 2.58 10.1 14900 25 N166018 3.1 - 10.8 18850 9 IAX-12-200 166.4 167.4 E5414058 1.92 1.8 8.9 14700 24 N166019 2.26 - 9.2 16230 19 IAX-12-200 167.4 168.4 E5414059 1.15 1.16 5.9 13300 20 N166020 1.37 - 6.5 19310 8 IAX-12-200 168.4 169.4 E5414560 0.413 - 2.2 9770 32 N166024 1.21 - 2 13400 16 IAX-12-200 169.4 170.4 E5414561 0.37 - 1.7 6480 52 N166025 0.768 - 3.2 8120 46 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 85 Geologica Groupe – Conseil Inc. ALEXANDRIA GEOLOGICA DDH From To Sample Au_AA23 Au_GRA21 Ag_AA45 Cu_AA45 Zn_AA45 Sample Au-AA23 Au-GRA21 Ag-AA45 Cu-AA45_46 Zn-AA45 IAX-12-200 170.4 171.4 E5414562 0.837 - 2.2 6950 63 N166026 0.533 - 1.3 7430 63 IAX-12-200 171.4 172.4 E5414563 0.628 - 2.2 6060 44 N166027 0.437 - 2.2 8030 49 IAX-12-200 172.4 173.4 E5414565 0.66 - 4 7900 25 N166028 1.39 - 2.8 9030 26 IAX-12-200 173.4 174.4 E5414566 0.301 - 1.4 3170 21 N166029 0.235 - 1.4 3130 22 IAX-12-200 174.4 175.4 E5414567 0.22 - 1.5 3050 20 N166030 0.593 - 1.9 3380 23 IAX-12-200 175.4 176.4 E5414569 0.475 - 3.1 6400 21 N166031 0.54 - 2.7 7470 22 IAX-12-200 176.4 177.4 E5414570 0.525 - 1.6 6060 19 N166032 0.689 - 1.9 8300 21 IAX-12-200 177.4 178.4 E5414571 1.36 0.82 2.9 7860 17 N166033 0.841 - 2 7530 18 IAX-12-200 178.4 179.4 E5414572 1.75 1.47 6.8 8490 17 N166034 3.32 - 6.9 11150 16 IAX-12-200 179.4 180.4 E5414573 0.465 0.7 2.8 6020 20 N166035 0.479 - 2.1 5520 21 IAX-12-200 180.4 181.4 E5414575 3.42 2.57 3.9 9270 27 N166036 1.79 - 2.8 7400 30 IAX-12-200 181.4 182.4 E5414576 0.711 - 2.3 6120 36 N166037 0.34 - 2 5640 38 IAX-12-200 182.4 183.4 E5414577 0.905 - 3 7770 24 N166038 0.957 - 2.3 7900 29 IAX-12-200 183.4 184.4 E5414578 1.19 1.19 4.5 7620 22 N166039 1.035 - 3.5 6670 31 IAX-12-200 184.4 185.4 E5414579 0.605 - 3.6 8030 40 N166040 0.847 - 2.4 9530 55 IAX-12-200 185.4 186.4 E5414580 0.533 - 2.5 6090 40 N166041 0.561 - 1.9 5840 50 IAX-12-200 186.4 187.4 E5414581 0.533 - 1.9 5150 25 N166042 0.538 - 1.9 5260 32 IAX-12-200 187.4 188.4 E5414582 0.324 - 1.6 3220 19 N166043 0.22 - 1.3 3040 30 IAX-12-200 188.4 189.4 E5414583 0.232 - 0.9 2440 18 N166044 0.264 - 1 2590 24 IAX-12-200 189.4 190.4 E5414584 0.808 - 1.7 4010 26 N166045 0.321 - 1.3 3120 36 IAX-12-200 190.4 191.4 E5414586 0.41 - 1.2 3690 23 N166046 0.363 - 1.4 3540 33 IAX-12-200 191.4 192.4 E5414587 1.43 3.24 3.5 10900 18 N166047 1.145 - 3 7820 29 IAX-12-200 192.4 193.4 E5414588 0.522 - 2 5360 20 N166048 0.738 - 1.8 4940 25 IAX-12-200 193.4 194.4 E5414590 0.627 - 1.5 3830 30 N166049 0.534 - 1.4 3520 35 IAX-12-200 194.4 195.4 E5414591 0.889 - 2 4670 26 N166050 0.615 - 1.6 3940 38 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 86 Geologica Groupe – Conseil Inc. ALEXANDRIA GEOLOGICA DDH From To Sample Au_AA23 Au_GRA21 Ag_AA45 Cu_AA45 Zn_AA45 Sample Au-AA23 Au-GRA21 Ag-AA45 Cu-AA45_46 Zn-AA45 IAX-12-200 195.4 196.4 E5414592 0.352 - 1.4 2510 17 N166054 0.394 - 1.3 3190 27 IAX-12-200 196.4 197.4 E5414593 1.08 0.64 2.4 6020 17 N166055 0.568 - 2.1 5770 28 IAX-12-200 197.4 198.4 E5414595 0.424 - 1.2 2690 17 N166056 0.501 - 1.2 2750 24 IAX-12-200 198.4 199.4 E5414596 0.886 - 1.2 3160 19 N166057 0.715 - 1.6 4480 21 IAX-12-200 199.4 200.4 E5414597 1.02 0.82 1.6 3720 10 N166058 0.491 - 1.4 4200 28 IAX-12-200 200.4 201.4 E5414598 0.386 - 1.3 2820 19 N166059 0.328 - 1.2 2460 30 IAX-12-200 201.4 202.4 E5414599 0.6 - 0.9 1510 20 N166060 0.939 - 1.2 3040 36 IAX-12-200 202.4 203.4 E5414600 0.259 - 0.6 1390 27 N166061 0.327 - 0.5 1455 41 IAX-12-200 203.4 204.4 E5414601 0.31 - 0.6 2380 30 N166062 0.238 - 0.6 1935 37 IAX-12-200 204.4 205.4 E5414602 0.483 - 1 3070 16 N166063 0.863 - 0.9 3560 21 IAX-12-200 205.4 206.4 E5414603 0.938 - 2.1 5040 17 N166064 1.03 - 1.8 5940 30 IAX-12-200 206.4 207.4 E5414604 1.37 1.64 3.2 4100 17 N166065 1.145 - 2.1 4080 23 IAX-12-200 207.4 208.4 E5414605 1.52 1.48 2.9 5680 15 N166066 1.34 - 2 5300 22 IAX-12-200 208.4 209.4 E5414607 1.55 2.88 3.5 4480 13 N166067 2.46 - 2.6 4890 17 IAX-12-200 209.4 210.4 E5414608 0.854 - 1.5 2890 14 N166068 0.614 - 1 2790 24 IAX-12-200 210.4 211.4 E5414609 2.26 2.28 2.5 3120 19 N166069 2.21 - 2.4 2880 28 IAX-12-200 211.4 212.4 E5414610 0.415 - 1 2330 18 N166070 0.428 - 0.7 2320 26 IAX-12-200 212.4 213.4 E5414611 0.42 - 1.2 2150 16 N166071 0.785 - 0.7 2900 27 IAX-12-200 213.4 214.4 E5414613 0.513 - 1 2080 18 N166072 0.463 - 0.7 1980 26 IAX-12-200 214.4 215.4 E5414614 1.04 0.92 0.8 1560 21 N166073 1.215 - 0.8 1580 28 IAX-12-200 215.4 216.4 E5414615 1.07 2.31 1.8 4030 24 N166077 2.04 - 2.4 4580 32 IAX-12-200 217.4 218.4 E5414618 1.51 1.34 1.8 2690 17 N166078 1.64 - 1.7 3140 27 IAX-12-200 218.4 219.4 E5414619 1.84 1.9 1.8 3690 27 N166079 2.07 - 1.6 3200 33 IAX-12-200 219.4 220.4 E5414620 0.789 - 1.3 2190 34 N166080 0.592 - 1.5 2000 52 IAX-12-200 220.4 221.4 E5414621 0.356 - 0.9 858 30 N166081 0.247 - 0.8 958 49 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 87 Geologica Groupe – Conseil Inc. ALEXANDRIA GEOLOGICA DDH From To Sample Au_AA23 Au_GRA21 Ag_AA45 Cu_AA45 Zn_AA45 Sample Au-AA23 Au-GRA21 Ag-AA45 Cu-AA45_46 Zn-AA45 IAX-12-200 221.4 222.4 E5414622 0.074 - 0.9 427 47 N166082 0.133 - 0.3 450 65 IAX-12-200 222.4 223.4 E5414623 0.26 - 0.9 1210 40 N166083 0.348 - 0.8 1280 62 IAX-12-200 223.4 224.4 E5414624 1.28 1.1 2.3 3880 31 N166084 1.12 - 2.2 4240 61 IAX-12-200 224.4 225.4 E5414625 0.136 - 0.6 614 39 N166085 0.082 - 0.4 521 55 IAX-12-200 225.4 226.4 E5414627 0.037 - 0.8 399 16 N166086 0.154 - 0.5 750 25 IAX-12-200 226.4 227.4 E5414628 0.282 - 1.6 2670 31 N166087 0.481 - 1.1 2600 46 IAX-12-200 227.4 228.4 E5414629 1.15 1.01 1.9 3340 32 N166088 1.79 - 2.4 3840 54 IAX-12-200 228.4 229.4 E5414630 0.859 - 1.8 4210 31 N166089 2.23 - 1.7 3340 46 IAX-12-200 229.4 230.4 E5414631 1.73 1.89 2.1 3620 15 N166090 1.615 - 2.3 4080 48 IAX-12-200 230.4 231.4 E5414633 1.31 0.99 1.3 3710 33 N166091 0.896 - 1.3 3480 48 IAX-12-200 231.4 232.4 E5414634 0.522 - 1.2 1900 35 N166092 0.601 - 1 2070 56 IAX-12-200 232.4 233.4 E5414635 0.404 - 1.7 3320 44 N166093 0.562 - 1.4 3530 66 IAX-12-200 233.4 234.4 E5414636 2.56 2.29 2.4 5860 50 N166094 1.385 - 2.5 6240 69 IAX-12-200 234.4 235.4 E5414637 1.3 1.3 2.2 4380 57 N166095 1.06 - 1.3 3640 71 IAX-12-200 235.4 236.4 E5414638 1.2 1.34 2.8 3670 32 N166096 1.505 - 2.9 4280 50 IAX-12-200 236.4 237.4 E5414640 0.635 - 1.7 4010 27 N166097 0.518 - 1.3 3290 43 IAX-12-200 237.4 238.4 E5414641 0.666 - 1.9 3070 33 N166101 0.919 - 1.7 3490 49 IAX-12-200 238.4 239.4 E5414642 1.11 1.47 1.5 2300 35 N166102 0.966 - 1.2 2070 47 IAX-12-200 239.4 240.4 E5414643 0.121 - 0.7 510 27 N166103 0.062 - 0.4 420 38 IAX-12-200 240.4 241.4 E5414644 0.095 - <0.5 316 49 N166104 0.072 - 0.4 364 69 IAX-12-200 241.4 242.4 E5414645 0.109 - <0.5 311 59 N166105 0.046 - 0.3 251 74 IAX-12-200 242.4 243.4 E5414646 0.515 - 1 1090 47 N166106 0.568 - 0.5 756 56 IAX-12-200 243.4 244.4 E5414648 0.026 - 0.5 220 37 N166107 0.07 - 0.2 443 46 IAX-12-200 244.4 245.4 E5414649 2.57 2.36 5.1 14900 20 N166108 2.34 - 5.3 14560 22 IAX-12-200 245.4 246.4 E5414651 1.99 1.96 4.5 15900 13 N166109 2.12 - 7 16290 13 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 88 Geologica Groupe – Conseil Inc. ALEXANDRIA GEOLOGICA DDH From To Sample Au_AA23 Au_GRA21 Ag_AA45 Cu_AA45 Zn_AA45 Sample Au-AA23 Au-GRA21 Ag-AA45 Cu-AA45_46 Zn-AA45 IAX-12-200 246.4 247.4 E5414652 1.74 1.5 3.6 11500 12 N166110 1.595 - 4.3 10880 15 IAX-12-200 247.4 248.4 E5414653 1.06 1.05 2.4 6800 21 N166111 0.807 - 1.7 5060 31 IAX-12-200 248.4 249.4 E5414654 0.43 - 1.1 1500 31 N166112 0.413 - 0.6 1515 37 IAX-12-200 249.4 250.4 E5414655 0.916 - 1.1 1910 32 N166113 0.72 - 1 1765 39 IAX-12-200 250.4 251.4 E5414656 0.087 - <0.5 497 32 N166114 0.085 - 0.5 400 41 IAX-12-200 251.4 252.4 E5414658 0.119 - 1 685 32 N166115 0.119 - 0.7 649 42 IAX-12-200 252.4 253.4 E5414659 0.07 - 1 568 30 N166116 0.091 - 0.6 586 41 IAX-12-200 253.4 254.4 E5414660 0.169 - 0.8 661 35 N166117 0.136 - 0.3 600 44 IAX-12-200 254.4 255.4 E5414661 0.726 - 1 1540 32 N166118 0.678 - 0.6 1185 39 IAX-12-200 255.4 256.4 E5414662 0.212 - 1.2 634 28 N166119 0.136 - 0.2 481 37 IAX-12-200 256.4 257.4 E5414663 0.166 - 1 663 29 N166120 0.074 - 0.3 539 39 IAX-12-200 257.4 258.4 E5414664 0.107 - 0.8 476 28 N166124 0.374 - 0.5 407 30 IAX-12-200 258.4 259.4 E5414666 0.342 - 1 1510 30 N166125 0.395 - 0.5 1720 34 IAX-12-200 259.4 260.4 E5414667 2.25 1.94 6.5 10100 31 N166126 2.58 - 6.7 12600 36 IAX-12-200 260.4 261.4 E5414668 0.153 - 1.6 867 28 N166127 0.452 - 0.9 2070 36 IAX-12-200 261.4 262.4 E5414669 0.08 - 1.3 369 31 N166128 0.121 - 0.4 458 35 IAX-12-200 262.4 263.4 E5414670 1.29 1.35 2.4 3360 31 N166129 0.744 - 1.5 2030 35 IAX-12-200 263.4 264.4 E5414671 2.73 2.88 3 8190 22 N166130 2.87 - 3.5 8470 28 IAX-12-200 264.4 265.4 E5414672 1.82 1.85 2 5150 23 N166131 1.98 - 1.9 5120 28 IAX-12-200 265.4 266.4 E5414673 2.26 1.99 1.4 3910 23 N166132 2.07 - 1.5 4060 29 IAX-12-200 266.4 267.4 E5414674 0.585 - <0.5 680 21 N166133 0.49 - 0.2 779 31 IAX-12-200 267.4 268.4 E5414676 0.059 - <0.5 405 30 N166134 0.033 - 0.4 287 34 IAX-12-200 268.4 269.4 E5414677 0.056 - <0.5 513 30 N166135 0.067 - 0.5 477 35 IAX-12-200 269.4 270.4 E5414678 0.154 - <0.5 698 38 N166136 0.157 - 0.6 795 44 IAX-12-200 270.4 271.4 E5414680 0.088 - 0.6 403 82 N166137 0.171 - 0.7 448 79 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 89 Geologica Groupe – Conseil Inc. Correlation IAX-12-200 (Log10) 2 1 Au_AA23_Alexandria 0 121 116 111 106 101 91 86 81 76 96 -2 Au-AA23_Geologica 71 -1 1 6 11 16 21 26 31 36 41 46 51 56 61 66 Au (g/t) Log10 3 The correlation coefficient is 50% due to the high value obtained by Geologica between 151.6 m and 155.8 m. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 90 Geologica Groupe – Conseil Inc. Figure 12 – Drillholes recheck samples Geologica’s review of Alexandria’s drill core also included comparison of geology as reported in the drill logs with our observations made of the core. We found that logging was reasonable and to industry standard. Sample descriptions were also found to be reasonably representative. We also checked sampled intervals in the core against those reported in the logs and found no discrepancies. 13.0 MINERAL PROCESSING AND METALLURGICAL TESTING (Item 13) During the autumn 2012, SGS Canada Inc. was mandated by Alexandria to complete a scoping level metallurgical test program to recover gold for material (Underground and Open pit) representing the Akasaba Project. The head grade of underground and open pit composite assayed 2.91 g/t and 1.02 g/t of gold respectively (SGS Canada Inc., November 30, 20120 A part of this section refers to this document). st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 91 Geologica Groupe – Conseil Inc. The Bond ball mill work index for the underground and open pit composites were 14.2 & 17.3 kWh/t, respectively. The underground and open pit samples are considered as medium hard and moderately hard. The density of underground and open pit composite was determined to be 2.9 and 3.2 g/cm 3, respectively. The higher density with Near Surface (open pit) material is consistent with higher Fe and low silica assays in relation to the Underground composite. Gravity testing recovered 2.7% and 5.1% of the gold from open pit and underground composite at a grind of 80% passing 171 µm and 148 µm, respectively. The gold grades of the open pit and underground concentrate were 1,174 g/t and 1,819 g/t respectively. Whole ore rougher kinetics flotation test for open pit composite recovered 77% of the gold at a grind of 80% passing 118 µm with traditional sulphide collectors. 86% of the gold can be recovered from the underground composite at a grind of 80% passing 97 µm with traditional sulphide collector. The alternative collector responded well (71.4% and 85.7% gold recovery for open pit and underground composite respectively) at a finer grind. Flotation cleaner testing shows that near surface and underground composites did not upgrade well as gold recoveries were 65% and below. Gold was upgraded to 137 g/t and 467 g/t from 6.03 g/t and 23.0 g/t for the near surface (open pit) and underground composites respectively. Underground and open pit composites are amenable to whole ore cyanide leaching with best recoveries of 95% and 91% respectively, with conditions tested of P80 = 75 microns and 1.0 g/t CN. Based on the tested grind consideration, finer grind improved gold recovery by 5%. Silver did not perform as well compared to gold for these composites which is a general trend due to silver's complex mineralogy. The batch cleaner tests showed 63.5% and 74.3% gold recoveries for open pit and underground gravity tailings respectively. The combined Au and Ag recovery did not improved significantly. The gold extractions of the cyanide leach tests on gravity tailings of open pit and underground were 89.7% and 91.7%. The combined gravity and leach can produce 90% and 92% gold recovery from near surface and underground composites after 48hr of leaching at the finer grind. The combined gravity and cyanidation did not improve gold recovery significantly . Cyanide leaching on rougher concentrates produced lower stage recoveries of 60.6% and 37.1% for underground and open pit. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 92 Geologica Groupe – Conseil Inc. Scoping cyanide destruction tests were performed on the open pit and underground leach products. The results indicated that for the open pit composite it was possible to obtain detoxified product containing less than 2 ppm residual total cyanide by treating the pulp at pH 8.6 for 158 minutes retention time using approximately 12.6 g equivalent SO2 and 7.88 g hydrated lime per g of CNWAD. The underground composite required a pH of 8.6, retention time of 121 minutes and 12.1 g equivalent SO2 and 6.83 g hydrated lime per g CNWAD to achieve 21.8 ppm CNt. Environmental characterization included ABA and NAG testing concluded that the Akasaba project samples are acid neutralizing and are not expected to generate acid. The conclusions of the report recommend to conduct further metallurgical testwork on large scale variable composites to confirm and optimize process units. Testwork on comminution, optimized feed size for flotation and cyanidation, CIL/CIP process modeling, further cyanide destruction and rheology tests are advised. 14.0 MINERAL RESOURCE ESTIMATES (Item 14) The 2013 Mineral Resource Estimate herein was performed by Christian D’Amours, B.Sc, P.Geo. (OGQ #226) of Geopointcom, using all available results. The last drillhole considered here is IAX-12-217. This drillhole was terminated on October 4, 2012. The main objective of this work was to publish the results of a mineral resource estimate for a new zone (West zone) discovered on the Akasaba Project. The second objective was to publish the results of an update on a mineral resource estimate published on February, 2012 for the Underground extension of the main zone on the Akasaba Project. The Independent and Qualified Persons for the Mineral Resource estimates as audited by Regulation 43-101 was Alain-Jean Beauregard, P.Geo. and Daniel Gaudreault, ing. (Geologica – Consulting Firm), and the effective date of the estimate is January 20, 2013. Mineral Resources are not Mineral Reserves having demonstrated economic viability. Mr. Christian D’Amnours, P. Geol. of Geopointcom was responsible for the 3D model and geostatistical analysis as well as resources estimation and classification. (See Appendix II for the list of all intersections used). The resources estimation of the main zone from Akasaba is based on a scenario considering two consecutives steps, in the first of which the uppermost area (Maximum depth of 150 meters) is available through an open pit mining method (50˚ slope). The second step considers an underground mining operation (narrow long hole with 30 meters st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 93 Geologica Groupe – Conseil Inc. between sub-level). For the new west Zone, the mining scenario consists of an open pit mining method (50˚ slope). In both cases, the scenarios envisioned constructing a mill on site. 14.1 Methodology The Mineral Resource Estimate presented here is based on a 3D Block model interpolated using an Ordinary Krigging method. The software used for all geostatistical analyses and computation was Isatis. 14.1.1 Drill hole sample database The Geotic/Ms Access diamond drill hole database contain 592 surface and Underground (historical) diamond drill holes with 42 820 samples. All standard tables including coded lithology and intercepted zone are maintained in the database. 14.1.2 Interpretation of mineralized zones Within the area of the main zone, the density of information is relatively high and the interpretation was made on sections spaced from 50 to 20 meters apart. The mineralized zone consists of 5 sub-parallel and relatively narrow lens. Considering the financial parameters listed in table 11, the selection of mineralized intersections was based on a minimum true width of 2.5 meters for underground sub-area and 5 meters for Open Pit area. The minimum gold value (Cut off) was set to 2.25 g/t for Underground and 0.5 for open pit accessible ore. Even if the gold value based on the 5 year average is higher ($1,325per ounce of gold) in January 2013 than the value calculated in February 2012, the author kept the February 2012 value for updating resources of the main zone. Because none of the 40 new (IAX-11-177 to IAX-12-217) holes intersected the area potentially accessed by Open Pit in the previous year’s calculations on the main zone of Akasaba Project, only the underground portion of the main zone was updated. Resources estimation of the Open Pit portion will be reported here as it was estimated in February 2012 (NI 43-101 Technical Report on the Akasaba Property Written by Geologica on February 25, 2012). st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 94 Geologica Groupe – Conseil Inc. Table 11: Financial parameter used for Main zone Within the area of the West Zone, the density of information is very low and the interpretation was made on section spaced 100 meters apart. The mineralisation consists of one lens relatively thick (from 6.5 to 73.9 meters true thickness; average 39.9). Within this zone, copper is of sufficient quantity, in addition to gold, to be considered as an economic element. For this reason, all the intersections where selected using a gold equivalent calculation, based on financial parameters listed in Table 12. In that case the minimum thickness was not an issue but the Cut off was set to 0.5 g/t of gold-Equivalent. Table 12: Financial parameters used for the West zone st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 95 Geologica Groupe – Conseil Inc. Typical section 10150 Main zone Under Ground st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 96 Geologica Groupe – Conseil Inc. Typical section 10050 Main zone Under Ground st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 97 Geologica Groupe – Conseil Inc. Typical section 8700 West zone st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 98 Geologica Groupe – Conseil Inc. Typical section West zone st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 99 Geologica Groupe – Conseil Inc. 14.1.3 High grade capping and compositing Statistical study has clearly demonstrated that all samples from all zones closely follow a log-normal distribution without any noticeable aberrant value. Thus there is no necessity for limiting high values. In order to minimize any bias introduced by the variable sample lengths, uncapped gold (and copper) assays were composited of equal lengths as close as possible to 1 meter within all intervals that define each of the mineralized zones. Tails were not created and rather distributed over all composites within the ore intervals. 14.1.4 Variography The author modeled the composite variography using the “Isatis” software. The objectives of this step consist of: - Characterizing the anisotropy and setting the dimensions and direction of a search ellipsoid to use during the interpolation of values of the block model. The dimensions of the three axes of the ellipsoid are equal to the range measured on the variograms. This way, it is statistically shown that wherever the center of this ellipsoid is located, all samples included within it will have a variance inferior to that of the entire population. It is reasonable to use this subselection to estimate the value of a central point. The anisotropy may also be used to select and weigh samples during the “de-clustering” steps. - Defining the Kriging equations. The equations deriving from the variograms are required during the Kriging interpolation. These equations take into account the nugget effect (C0), the model of dispersion (spherical, exponential…), the range and the variance in each three axes (σ1, σ2 and σ3). It is frequent to use more than one model in order to better represent the dispersion (short and long) of each of the axes before reaching the level (total variance). First, an omnidirectional variogram to estimate the nugget effect (C0) was calculated. Second, 18 directional variograms located in the horizontal plane were calculated, which allows defining the direction of longer continuity (longitudinal direction). Third was the construction of 18 directional variograms set in the vertical plane parallel to the longitudinal direction and another 18 directional variograms set in a vertical plane perpendicular to the longitudinal direction. This step provides an overview of the variance of the idealized sphere in order to verify the presence of a directional anisotropy. The last step consists of fitting a mathematical model allowing representation of these experimental variograms (Table 13). Within the main zone, the variograms obtained are considered robust and reliable. This means that they resist well enough changes of parameters such as tolerance or lag and they compare well to the results obtained using other type of variograms. Within the West zone, the variogram study has suffered with the lack of data. Thus the variograms st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 100 Geologica Groupe – Conseil Inc. obtained are considered less reliable and will probably change considerably when more data becomes available. Table 13: Variography study (Main and West zones) 14.1.5 Bulk density Géologica took 13 samples within all zones of the main sector from available drillholes for Specific Gravity (SG) determination. The author removed both the lower and the higher value prior to calculate the averages. The SG used within the main sector was 2.8 g/cm3. The host rock from the West Zone is different than from the main zone due to intense schistosity and alteration. Within the west zone, the host rock contains many voids. Limited sampling made by Géologica permitted to estimate the SG of this sector to 2.65 g/cm3. 14.1.6 Block model geometry The cell dimension within the block model was set to 5X5X6.2 meters for all Open Pit sectors and 5X5X10 meters for the Under Ground sector. For better adjustment with the relatively narrow zone of the main sector, the block model of this area was rotated 13 degrees anticlockwise. Block model of the West Zone was not rotated. 14.1.7 Grade interpolation In all cases, the grade was estimated using an Ordinary Kriging (OK) method available from Isatis software. The kriging parameters are derived from the variography study and can be found in the following Table 13. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 101 Geologica Groupe – Conseil Inc. Each subzone was estimated using only composite selections from its own zone (hard boundary). The search ellipsoid used to select neighbour composites was constructed using the geometries defined in the variography study. The only exception is for the center zone where the ray of the search ellipsoid is 2 times longer than the range measured from the variography study. The strategy used to select neighbor composites within each sectors is similar but slightly different. For the open pit model related to the main sector, a cell may be estimated if the search ellipsoids located in its center contain a minimum of eight (8) composites. Those composites must be distributed within a minimum of two (2) octants. The maximum number of composites per octant is five (5). If this condition cannot be met then the size of the ellipsoid was multiplied by three (3) with all the other conditions unchanged. In the case where the minimum condition is still unavailable, the cell value was set to zero (0). This may append within the waste area. Within the underground model the general strategy is similar except that the number of composites involved was set to a minimum of four (4) located within three (3) different octants and the maximum composites per octants was set to three (3). In the case of the open pit which is located within the west sector, each commodity (Au, Cu) was estimated individually and then combined to calculate the Au equivalent. Thus this Au equivalent was used within the pit optimisation process to select material within the pit limit. Because of the small number of samples available, octant selection was not retained in that case. When a cell is located within the ore limit, the search ellipsoid located on its center must find a minimum of three (3) samples and only the closest height (8) will be used. If the minimum cannot be met, the search ellipsoid is multiplied by five (5). For a cell located within the waste area, the search strategies is exactly the same except the size of ellipsoid is twice as big as for a cell in the ore material. 14.1.8 Resource categories The strategies used for classifying resources categories were different for all the considered sectors. Within the main zone open pit, the classification was mostly based on the density of information. Thus a cell estimated with the normal ellipsoid was classified in the “Indicated” category. When a cell was estimated using the extended ellipsoid then the category was set to be “Inferred”. This mode of classification reflects the high number of samples available. Within the underground model, the author adds more emphasis on geometrical distribution of composite. The author used the slope of the regression of the actual value st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 102 Geologica Groupe – Conseil Inc. knowing the estimated value (slope Z/Z*). To be classified as “Inferred” a cell from the Underground model must have an estimated grade equal or higher than 2.25 g/t. From the “Inferred” cell, if the slope Z/Z* is equal or higher to 0.6, then the cell was classified as “Indicated”. Because of the low density of information regarding the West zone, all the cells from this area were classified in the “Inferred” categaory. 14.2 Resource Estimation The final resource estimation is presented in the following tables. The reader must be aware that the value presented here does not take into account any dilution factor. The authors consider that the dilution factor must closely reflect the planned mining method. The mining method is not finalized yet. In this report, the term “Inferred” and “Indicated” resource have the meaning ascribed to those termed by the Canadian Institute of Mining, Metallurgy and Petroleum, as the CIM Definition Standards on Mineral Resources and Mineral Reserve adopted by the CIM Council, as amended. - An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. - Due to the uncertainty that may be attached to Inferred Mineral Resources, it cannot be assumed that all or any part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration. Confidence in the estimate is insufficient to allow the meaningful application of technical and economic parameters or to enable an evaluation of economic viability worthy of public disclosure. Inferred Mineral Resources must be excluded from estimates forming the basis of feasibility or other economic studies. - An ‘Indicated Mineral Resource’ is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics, can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 103 Geologica Groupe – Conseil Inc. workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed. - Mineralization may be classified as an Indicated Mineral Resource by the Qualified Person when the nature, quality, quantity and distribution of data are such as to allow confident interpretation of the geological framework and to reasonably assume the continuity of mineralization. The Qualified Person must recognize the importance of the Indicated Mineral Resource category for the advancement of the feasibility of the property. An Indicated Mineral Resource estimate is of sufficient quality to support a Preliminary Feasibility Study which can serve as the basis for major development decisions. Resources estimation from the Open pit of the main sector. This value was not changed nor reviewed since the last estimation in February 2012. Tonnage of the pit Waste/Ore ratio Grade of the ore (g/t) Ore tonnage Waste pilled (tons) Overburden removed (m3) Ounces recovered (oz Au) Maximum depth (m) Length (m) of the pit Width (m) of the pit Main pit Indicated Resource 10 092 937 2.4 1.37 3 009 214 7 083 724 834 971 121 877 Satelites pits Inferred Resource 497 083 0.7 1.76 285 374 211 709 184 638 14 861 149 570 280 43 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 104 Geologica Groupe – Conseil Inc. Resources estimation for Underground portion of the main zone updated since February 2012. Nord 1 Nord 2 Nord 3 Nord 4 Center TOTAL Indicated UG Resource Inferred UG Resource Au Onces Au Onces Ton Ton Undiluted recovered recovered Undiluted (g/t) (92%) (92%) (g/t) 6.25 369 051 68 245 6.59 419 238 81 769 5.21 269 528 41 525 5.23 1 030 809 159 608 0.00 0 0 2.60 33 141 2 552 4.74 15 350 2 154 5.03 29 210 4 347 0.00 0 0 3.07 25 575 2 319 5.79 653 929 111 924 st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 5.51 1 537 973 250 594 105 Geologica Groupe – Conseil Inc. Resources estimation for the west zone accessed with an Open pit See Appendices II and III for the table with drillhole intervals used in this resource calculation and all the longitudinal sections. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 106 Geologica Groupe – Conseil Inc. 15.0 ADJACENT PROPERTIES (Item 23) Several mining claims around the Akasaba Project are owned by Alexandria (see Figure 13). Figure 13 – Adjacent Mining Properties 16.0 OTHER RELEVANT DATA AND INFORMATION (Item 24) No historical environment liabilities were found to exist on the subject project. In terms of permitting, Alexandria required work permits for any construction of access for diamond drilling or stripping / trenching activities, or for clearing of lumber on the claims holdings. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 107 Geologica Groupe – Conseil Inc. 17.0 INTERPRETATION, CONCEPT AND CONCLUSIONS (Item 25) The Akasaba Project of Alexandria Minerals straddles the Cadillac Break, which represents an important metallogenic feature in the Val-d’Or area. Several past producers such as the East Malartic, Barnat-Sladen, and O’Brien Mines, and recent discoveries such as the Goldex and the Lapa Mines of Agnico-Eagle Mines Inc. and Canadian Malartic Open Pit Mine of Osisko are in direct spatial relationship to this feature. The presence of numerous gold deposits and the exploration activities being conducted around them supports the idea of the potential for finding new mineralized zones and/or extensions of known zones on pre-existing deposits. Recent work on Alexandria’s Akasaba Project has confirmed that the formerly explored and exploited gold bearing structures on these properties continue to show potential for hosting additional mineralization, and merit additional exploration work. Past exploration programs in the area have discovered several significant gold-bearing zones on these properties, and recent efforts by Alexandria have shown that these past results can be built upon. There is a very good possibility that further encouraging gold results can be discovered on the Cadillac Break properties of Alexandria Minerals Corp. In addition, recent exploration activities and discoveries have shown that there is considerable potential below a depth of 500 meters, as at the Lapa Mine, reported to contain probable reserve of more than 1.6 M ounces of gold, mostly below 500 meters (www.agnico-eagle.com). The prospectivity of Alexandria’s land holdings is strong considering that the average depth of investigation by historic diamond drilling on the Akasaba Project is approximately 150 meters below surface. Moreover, the recent drilling by Alexandria confirms the depth potential 600 meters below surface. The Akasaba Project presents good potential for hosting a wide variety in styles of mineralization. The recent Akasaba mineral resources shows a low-grade large volume mining approach should be considered and evaluated for the auriferous mineralizations. This approach is presently successful for Osisko Mining on their Canadian Malartic Property, Detour Gold at the old Detour Mines site, Placer Dome’s Super Pit in Timmins and Kinross’ Fort Knox Mine in Alaska and appears to be more feasible with increasing price of gold. Geologica believes that the Project is of sufficient merit for moving forward with additional exploration work to carry out the recommended programs. The recommended technical program is based on data which is judged to be representative and appropriate. The Akasaba Project hosts a significant gold resource, classified as Indicated and st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 108 Geologica Groupe – Conseil Inc. Inferred Resources, from which a significant part could be potentially reached from the surface. 18.0 RECOMMENDATIONS (Item 26) Geologica recommends the completion of a Preliminary Economic Assessment “PEA” study on the Akasaba resources. The complementary drilling should be carefully completed using thorough sampling protocol and geological follow-up (detailed geological and structural approach). The complementary drilling program will have two main objectives: (i) confirming continuity of the New Au-Cu Akasaba New mineralized zones and; (ii) confirming depth continuity of the Akasaba Mines mineralized zones (Main Zone). The work program follows with associated costs: The authors recommend that Alexandria conducts further drilling to increase lateral and depth extensions particularly refine the geological model between different Zones and down-plunge of both mineralized zones. Both step-out and infill drilling will permit reclassification of the Inferred resources to Measured and Indicated resources as well as assess the potential to expand the resource base. 15,000 meters @ $200/m (all include) $3,000,000 Additional drilling on previously unexplored en echelon mineralized structures such as the skarn type zones and deep holes down plunge of mineralized zones. 10,000 meters @ $200/m (all include) $2,000,000 With substantial increase of near surface Measured and Indicated resource, the authors recommend updated resources followed by a prefeasibility study to define underground reserves. Costs are estimated at $500,000 PEA study $500,000 Administration (5%) $ 300,000 Contingencies (10%) $ 630,000 Total budget of 6.93 M$ is recommended to complete this program st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 109 Geologica Groupe – Conseil Inc. 19.0 REFERENCES (Item 27) BEAUREGARD, A.J., GAUDREAULT, D., 2003 – AIF- 43-101 Report on the Cadillac Fault Properties. Bourlamaque, Louvicourt and Vauquelin Townships, Province of Quebec., Geologica Groupe-Conseil, November 23rd, 2003, 84 pages. BEAUREGARD, A.J., GAUDREAULT, D., 2008 – NI 43-101 Report on the Cadillac Break Properties. For Alexandria Minerals Corp., Geologica Groupe-Conseil, February 25, 2008. BEAUREGARD, A.J., GAUDREAULT, D., 2012 – NI 43-101 Technical Report on the Akasaba Property. Alexandria Minerals Corp. – Geologica Groupe-Conseil Inc., May 1st, 2012 and revised June 6, 2012. GRONDIN, O., BRISSON, H., 2006 – Rapport de travaux d’exploration. Projets Akasaba (#208) et Valdora (#248). Janvier 2006. Cambior Exploration (GM 62246). SOCIÉTÉ MINIÈRE LOUVEM INC. 1987 – Propriété Akasaba. Synthèse géologique et évaluation du potentiel économique. Février 1987. Soquem. TECHNOLOGIES EARTHMETRIX INC., 2007 – Geological Interpretation of Vald’Or JV Propertys, Quebec, Canada. Notes: The authors also reviewed all other informations pertaining to the Akasaba property available in the Alexandria’s exploration office in Val-d’Or (Quebec). st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. 110 Geologica Groupe – Conseil Inc. APPENDIX I – LIST OF STATUTORY WORK (From de MRNFQ (‘SIGEOM’) site: http://www.mrnfp.gouv.qc.ca/) AKASABA GM 02000 PROPERTY-O-GRAPH REG'D., 1952 - BLOCK DIAGRAM SHOWING PART OF THE PROPERTY FROM PLANS AND GEOLOGICAL SECTIONS. OBASKA LAKE MINES LTD. GM 02085-A INGHAM, W N., 1944 - INFORMATION REPORT. FROBISHER EXPL CO LTD, OBASKA LAKE MINES LTD. GM 02085-B FOCKLER, E K., 1942 - DRILLING RESULTS, OBASKA PROPERTY. OBASKA LAKE MINES LTD. GM 03276-A INGHAM, W N., 1954 - INFORMATION REPORT. OBASKA LAKE MINES LTD. GM 03276-B AGAR, D R, O'NEIL, V., 1952 - 121 DDH LOGS. OBASKA LAKE MINES LTD. GM 08369 ROSS, S H., (MRN), 1939 - EXAMINATION REPORT. MINECREATORS LTD, OBASKA MINES LTD. GM 10078 GRAHAM, H R., 1960 - GEOLOGICAL REPORT AND 1 LEGEND. AKASABA GOLD MINES LTD. GM 28252 TAYS, R H., 1972 - REPORT ON MAG AND E M SURVEYS. AKASABA GOLD MINES LTD, FALCONBRIDGE NICKEL MINES LTD GM 28513 BRIGGS, D N., 1972 - 3 DDH LOGS. AKASABA GOLD MINES LTD, FALCONBRIDGE NICKEL MINES LTD. GM 34909 DUBE, B., 1979 - RAPPORT GEOPHYSIQUE, LEVE DE POLARISATION PROVOQUEE, 10-475 AKASABA. SOQUEM. GM 35048 BLOUIN, J Y., 1979 - JOURNAL DES SONDAGES, PROJET 10-476. FALCONBRIDGE NICKEL MINES LTD, INTERNAT OBASKA MINES LTD, SOCIETE MINIERE LOUVEM INC, SOQUEM. GM 35049 BLOUIN, J Y., (SOCIETE MINIERE LOUVEM INC, SOQUEM), 1979 - 5 JOURNAUX DE SONDAGE, PROJET 10-475, PROPRIETE LOUVEM CM 467. FALCONBRIDGE NICKEL MINES LTD, INTERNAT OBASKA MINES LTD, SOCIETE MINIERE LOUVEM INC, SOQUEM. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. I Geologica Groupe – Conseil Inc. GM 36088 BOUDREAULT, A P, CHAMPAGNE, M., 1980 - CAMPAGNE DE FORAGE, PROJET BLOC SUD 10-476.SOQUEM. GM 37806 1981- LEVÉ MAGNÉTIQUE, PROJET AKASABA 10-475. INTERNAT OBASKA MINES LTD. MINES FALCONBRIDGE NICKEL LTEE, SOQUEM. 15 PAGES. 4 CARTES. GM 37807 1981 - LEVE DE POLARISATION PROVOQUEE, PROPRIETE AKASABA, PROJET 10-475. INTERNAT OBASKA MINES LTD, MINES FALCONBRIDGE NICKEL LTEE, SOQUEM. 19 pages. 31 cartes. GM 37808 1981 - MEMO GEOPHYSIQUE, PROJET AKASABA 10-475. INTERNAT OBASKA MINES LTD, MINES FALCONBRIDGE NICKEL LTEE, SOQUEM. 54 pages. 7 cartes. GM 38234 1981 - LEVE GEOLOGIQUE ET STRUCTURAL, PROJET AKASABA 10-475. INTERNAT OBASKA MINES LTD, MINES FALCONBRIDGE NICKEL LTEE. 33 pages. 3 cartes. GM 38399 LEONARD, M A., 1982 - RAPPORT DES TRAVAUX EFFECTUES SUR LA PROPRIETE D'AKASABA, GROUPE 601. BROMINCO INC. GM 39236 1982 - RAPPORT SUR LA CAMPAGNE DE FORAGE 1981-1982, CAMPAGNE DE SONDAGES ET CALCUL DE RESERVES EN PLACE, AKASABA 10-475. FALCONBRIDGE LTEE, INTERNAT OBASKA MINES LTD, SOQUEM. GM 39684 PAGE, D, GAGNON, G., 1982 - CAMPAGNE D'EXPLORATION ETE 1982, PROJET AKASABA. LAB D'ANALYSE BOURLAMAQUE LTEE. SOQUEM. GM 39915 ST-HILAIRE, C., 1983 - MEMO GEOPHYSIQUE, PROJET AKASABA 10-475. SOQUEM. GM 41262 BOUDREAULT, A P., (CHIMITEC LTEE, METRICLAB [1980] INC, SOCIETE MINIERE LOUVEM INC)., 1984 - RAPPORT DE LA CAMPAGNE D'EXPLORATION 1983, BLOC SUD. SOQUEM. GM 45687 PODOLSKY, G.,( AERODAT LTD), 1987 - REPORT ON A COMBINED HELICOPTER BORNE MAGNETIC, ELECTROMAGNETIC AND VLF SURVEY, VAL D'OR AREA PROPERTIES. CAMBIOR INC, NOVA-CO EXPL LTD. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. II Geologica Groupe – Conseil Inc. GM 52862 SIMARD, J, BERUBE, P., 1994 - RAPPORT SUR UN LEVE DE POLARISATION PROVOQUEE, PROJET AKASABA (9111). SAGAX GEOPHYSIQUE INC. CAMBIOR INC. GM 52955 LAMBERT, G., 1995 - RAPPORT D'INTERPRETATION DE LEVES ELECTROMAGNETIQUES PULSE E.M. EN FORAGE, PROPRIETE AKASABA, PROJET 911. CAMBIOR INC. GM 60079 FAURE, S, GABOURY, D., 2001 - ATLAS DES GISEMENTS ABITIBI, FICHE NO 2, AKASABA. CONSOREM. AKASABA GOLD MINES LTD. GM 61751 GRONDIN, O, BRISSON, H., 2004 - RAPPORT D'ETAPE - TRAVAUX D'EXPLORATION, PROJET VAL-D'OR, BLOC SUD, AKASABA, ANNAMAQUE, VALDORA. ALS CHEMEX, TECHNI-LAB ABITIBI INC. LES RESSOURCES AUR INC GM 61960 LAMBERT, G., 2005 - RAPPORT SUR DES TRAVAUX GEOPHYSIQUES AU SOL, LEVES MAGNETOMETRIQUES ET DE POLARISATION PROVOQUEE, PROJET AKASABA. GEOPHYSIQUE TMC, GERARD LAMBERT GEOSCIENCES. CAMBIOR INC. GM 62246 GRONDIN, O, BRISSON, H., 2006 - RAPPORT DE TRAVAUX D'EXPLORATION, PROJETS AKASABA ET VALDORA. CAMBIOR INC, TECHNI-LAB. LES RESSOURCES AUR INC. RG 135 SHARPE, J I., 1968 - LOUVICOURT TOWNSHIP, ABITIBI-EAST COUNTY. MRN MB-85-40 SAUVE, P., 1985 - GEOLOGIE DE LA MINE D'OR AKASABA - REGION DE VAL-D'OR. I R E M. TH 1502 LEBEL, J., 1987 - GITOLOGIE DE LA MINE D'OR AKASABA, ABITIBI, QUEBEC. ECOLE POLYTECHNIQUE, MONTREAL, QUEBEC, CANADA. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. III Geologica Groupe – Conseil Inc. SABOURIN CREEK GM 00501 REPORT ON MAGNETIC SURVEY. 1944. 7 pages. 1 carte. 1 microfiche. 32C04 GM 00502-A MAGNETIC SURVEY. GOLDORA 1945. 5 pages. 1 carte. 1 microfiche. 32C04. GM 00502-B 1 PLAN OF MAGNETIC SURVEY WITH DDH LOCATION AND TRENCHES. GOLDORA MINES LTD. 1945. 1 carte. 1 microfiche. 32C04. GM 00884 INSPECTION REPORT. GOLDORA 1950. 3 pages. 1 microfiche. 32C04. GM 01095 CALLOW, A C, FOCKLER, E K., 1950 - LOG OF DIAMOND DRILL HOLE, SABOURIN CREEK MINES PROPERTY. SABOURIN CREEK MINES LTD. 7 pages. 1 carte. 1 microfiche. 32C04. GM 06885 EXAMINATION REPORT. 1944. 2 pages. 1 microfiche. 32C04. GM 06906 REPORT ON MAG SURVEY WITH APPENDIX. INSPIRATION MNG & DEV CO LTD, JOLIN BOURLAMAQUE MINES LTD. 1946. 11 pages. 3 cartes. 1 microfiche. 32C04. GM 06908 8 DDHLOGS. INSPIRATION MNG & DEV CO LTD, JOLIN BOURLAMAQUE MINES LTD. 1946. 17 pages. 1 carte. 1 microfiche. 32C04. GM 06920 GEOMAGNETIC SURVEY WITH GEOLOGY. MACBART MINES LTD. 1945. 7 pages. 1 carte. 1 microfiche. 32C04 GM 06950 EXAMINATION REPORT. SABOURIN 1945. 2 pages. 1 microfiche. 32C04. GM 14098 I P AND RES SURVEY. CLAIMS AUBIN, CLAIMS AUDET, CLAIMS ROBITAILLE, FROBEX LTD, SABOURIN CREEK MINES LTD.1964. 18 pages. 9 cartes. 3 microfiches. 32C04. GM 23874 REPORT ON AIRBORNE GEOPHYSICAL SURVEY. CLAIMS BROSSARD, NAGANTA MINING & DEV CO LTD, NEMROD MINING CO LTD, TIMROD MINING CO LTD. 1968. 11 pages. 1 carte. 1 microfiche. 32C04. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. GOLDORA GOLDORA CREEK MINES MINES MINES MINES MINES LTD. LTD. LTD. LTD. LTD. I Geologica Groupe – Conseil Inc. GM 25809 FINNEY, W A, NORGAARD, P, O'REILLY, G., (GEOTERREX LTD), 1970 REPORT ON INDUCED POLARIZATION SURVEY, PROJECT 85-78. CLAIMS VALIQUETTE, SULLICO MINES LTD. GM 29536 LOBACH, J, NORGAARD, P., 1974 - I P SURVEY. GROUPE MINIER BROSSARD, VALDEX MINES INC. GM 32868 RAPPORT DU LEVE EM. 1976. 3 pages. 2 cartes. 1 microfiche. 32C04. GM 32927 MONGEAU, C., 1977 - DIAMOND DRILL RECORD. BROMINCO INC. GM 33353 RAPPORT GEOLOGIQUE ET DE COMPILATION. BROMINCO INC, GROUPE MINIER BROSSARD. 1977. 3 pages. 5 cartes. 6 microfiches. 32C04. GM 41848 REPORT ON ELECTROMAGNETIC (V L F) SURVEY, SABOURIN CREEK & ANNAMAQUE/FARADAY PROPERTIES. BROMINCO INC. 1984. 33 pages. 40 cartes. 8 microfiches. 32C04. GM 42320 STOCKFORD, H R., 1984 - REPORT ON A MAGNETOMETER SURVEY, SABOURIN CREEK PROPERTY. BROMINCO INC. 23 pages. 10 cartes. 3 microfiches. 32C04. GM 42343 STUART, E J., 1985 - HUMIC GOLD GEOCHEMICAL SURVEY REPORT, SABOURIN CREEK PROPERTY, PROJECT 0403. RESSOURCES AUR INC. BROMINCO INC. 155 pages. 10 cartes. 5 microfiches. 32C04. GM 42889 MACNEIL, K, AVERILL, S A, BURNS, T., 1985 - OVERBURDEN DRILLING REPORT, SABOURIN CREEK AND ANNAMAQUE-FARADAY PROPERTIES . BONDAR-CLEGG & CO LTD. RESSOURCES AUR INC. BROMINCO INC. GM 43290 BERUBE, P., 1985 - PPL INDUCED POLARIZATION SURVEY, SABOURIN CREEK PROJECT. SAGAX GEOPHYSIQUE INC. BROMINCO INC. RESSOURCES AUR INC. 23 pages. 10 cartes. 3 microfiches. 32C04. GM 43291 BERUBE, P, LEGAULT, J M., 1986 - PPL INDUCED POLARIZATION SURVEY, ANNAMAQUE & SABOURIN CREEK PROPERTIES. SAGAX GEOPHYSIQUE INC. RESSOURCES AUR INC. BROMINCO INC. GM 47328 CASTONGUAY, J., (GEOLA LTEE.), 1988- CAMPAGNE DE SONDAGE FEVRIER - MARS 1988, GROUPE CALLAHAN (BOURLAMAQUE) PN 040. FALCONBRIDGE LTEE. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. BROMINCO INC. II Geologica Groupe – Conseil Inc. GM 48024 BUBAR, D S, COOKE, C., 1988 - SUMMARY REPORT, FALL 1987 DIAMOND DRILLING PROGRAM, SABOURIN CREEK PROPERTY. RESSOURCES AUR INC. 92 pages. 7 cartes. 5 microfiches. 32C04. GM 54614 LAVOIE, C., 1997 - INDUCED POLARIZATION SURVEY, SABOURIN CREEK PROPERTY. GEOLA LTEE. RESSOURCES AUR INC. 17 pages. 45 cartes. 4 microfiches. 32C04. GM 56176 LEFRANCOIS, R, BEDARD, L P., 1998 - REPORT ON 1997 DIAMOND DRILLING PROGRAM, SABOURIN CREEK PROPERTY, PROJET NO. 403. CHIMITEC LTEE, IOS SERVICES GEOSCIENTIFIQUES INC, TECHNI-LAB, VAL D'OR SAGAX INC. RESSOURCES AUR INC. 478 pages. 17 cartes. 13 microfiches. 32C04. GM 61829 CARRIER, A, SAVARD, C, BERTHELOT, P., 2004 - RESULTATS DE LA CAMPAGNE D'EXPLORATION HIVER 2003-2004, PROPRIETE SABOURIN CREEK. ALEXIS MINERALS CORPORATION, ALS CHEMEX, CRONE GEOPHYSICS & EXPLORATION LTD. RESSOURCES AUR INC. st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. III Geologica Groupe – Conseil Inc. APPENDIX II – TABLE OF DRILLHOLE INTERSECTIONS USED IN RESOURCE CALCULATION st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. IV DDH From (m) To (m) 15-87-01 15-87-01 15-87-01 15-87-01 475-79-01 475-79-01 475-79-01 475-79-01 475-79-02 475-79-02 475-79-02 475-79-02 475-79-03 475-79-03 475-79-03 475-79-03 475-79-03 475-79-03 475-79-04 475-79-04 475-79-04 475-79-04 475-79-05 475-79-05 475-79-05 475-79-05 475-81-06 475-81-06 475-81-06 475-81-06 475-81-06 475-81-06 475-81-07 475-81-07 475-81-08 475-81-08 475-81-08 475-81-08 475-81-09 475-81-09 475-81-09 475-81-09 475-81-10 475-81-10 475-81-10 475-81-10 475-81-11 475-81-11 475-81-12 475-81-12 475-81-13 475-81-13 475-81-13 475-81-13 475-81-13 475-81-13 475-81-14 475-81-14 475-81-14 475-81-14 475-81-15 475-81-15 132.28 138.98 157.7 159 151.5 155.3 165.25 167 99 99.9 112.2 114 98.88 98.88 128 128.78 167.94 167.94 93 94.4 140.1 141.9 109.67 110 140.54 140.54 5.8 9.8 28.8 36.8 55.2 55.7 1.2 23.7 13.5 14 50.7 52.9 157.5 161.3 186 186.1 172 173.4 193.5 204 354.5 356.5 264.8 264.8 253 256.1 274 274 293 294.4 248 253.1 286.5 291.6 57 59.9 144.78 143.26 166.3 163.3 158.95 159 172.75 170.8 105.1 103 118.15 117 108.2 101.9 130.9 134.5 173.46 170.7 99.2 97.5 145.9 144.8 117.7 114 150.51 144.5 21.3 16.8 42.3 40.8 61.5 58.8 38.2 27.2 20 18 57 56 164.3 164.7 192.7 189.5 175.5 180.3 200.3 207.4 362.5 360.5 274.8 271.8 259.3 259.3 280.3 277.2 299.3 297.6 255.5 256.9 294 295.4 63.5 63.1 Selected intervals Horiz. Zone Name Tickness (m) OP05 NORD2 7.26 UG225 NORD2 2.49 OP05 NORD1 5 UG225 NORD1 2.5 OP05 NORD2 4.97 UG225 NORD2 2.47 OP05 NORD1 5.01 UG225 NORD1 2.54 OP05 NORD2 5.01 UG225 NORD2 2.54 OP05 NORD1 4.98 UG225 NORD1 2.51 OP05 NORD4 7.78 UG225 NORD4 2.51 UG225 NORD3 2.49 OP05 NORD3 4.94 OP05 NORD2 5 UG225 NORD2 2.5 OP05 NORD4 4.97 UG225 NORD4 2.48 OP05 NORD3 5.05 UG225 NORD3 2.53 OP05 NORD2 4.98 UG225 NORD2 2.48 OP05 NORD1 6.26 UG225 NORD1 2.49 OP05 PIT 11.97 UG225 PIT 5.4 OP05 NORD2 10.63 UG225 NORD2 3.16 OP05 NORD1 5 UG225 NORD1 2.46 OP05 NORD1 26.42 UG225 NORD1 2.51 OP05 NORD2 5.04 UG225 NORD2 3.1 OP05 NORD1 5.03 UG225 NORD1 2.48 OP05 NORD2 5.03 UG225 NORD2 2.52 OP05 NORD1 5.01 UG225 NORD1 2.54 UG225 NORD2 2.5 OP05 NORD2 4.93 OP05 NORD1 4.96 UG225 NORD1 2.51 OP05 NORD2 5.03 UG225 NORD2 2.52 OP05 PIT 5.6 UG225 PIT 3.92 OP05 PIT 4.97 UG225 PIT 2.52 OP05 NORD2 4.98 UG225 NORD2 2.53 OP05 NORD1 4.96 UG225 NORD1 2.52 OP05 NORD2 5.04 UG225 NORD2 2.55 OP05 NORD1 4.97 UG225 NORD1 2.5 OP05 NORD2 4.99 UG225 NORD2 2.46 Thrue Tickness (m) 7.23 2.48 4.98 2.49 4.95 2.46 4.99 2.53 4.99 2.53 4.96 2.5 7.75 2.5 2.48 4.92 4.98 2.49 4.95 2.47 5.03 2.52 4.96 2.47 6.24 2.48 11.92 5.38 10.59 3.15 4.98 2.45 26.32 2.5 5.02 3.09 5.01 2.47 5.01 2.51 4.99 2.53 2.49 4.91 4.94 2.5 5.01 2.51 5.57 3.9 4.95 2.52 4.96 2.52 4.94 2.51 5.02 2.54 4.95 2.49 4.97 2.45 Au g/t Cu ppm 0.61 0.91 0.33 0.65 0.43 0.66 0.89 1.43 0.26 0.24 0.56 0.93 0.55 0.63 0.87 0.64 0.78 1 10.04 19.94 0.16 0.17 0.35 0.49 0.8 1.32 7.04 12.21 1.87 3.06 0.36 0.4 1.16 1.9 3.5 5.05 1.09 1.86 1.61 3.1 0.36 0.46 0.3 0.27 0.06 0.46 1.43 2.53 1.68 2.18 0 0 0.15 0.29 0.06 0.11 0.74 1.47 0.52 0.83 0.55 0.8 --------223 304 1183 1595 --------2242 3166 634 --------696 ----477 673 ------------------------------------------------------0 --------------------- Au Eqiv. (g/t) 0.61 0.91 0.33 0.65 0.46 0.71 1.07 1.68 0.26 0.24 0.74 1.25 0.9 1.12 0.97 0.71 0.89 1.18 10.22 20.05 0.16 0.17 0.43 0.6 1.01 1.79 7.1 12.3 1.87 3.06 0.36 0.4 1.16 1.9 3.57 5.16 1.09 1.86 1.61 3.1 0.36 0.46 0.3 0.27 0.06 0.46 1.43 2.53 1.68 2.18 0 0 0.15 0.29 0.06 0.11 0.74 1.47 0.52 0.83 0.55 0.8 DDH From (m) To (m) 475-81-15 475-81-15 475-81-16 475-81-16 475-81-16 475-81-16 475-81-17 475-81-17 475-81-17 475-81-17 475-81-18 475-81-18 475-81-18 475-81-18 475-82-19 475-82-19 475-82-19 475-82-19 475-82-20 475-82-20 AK04-16 AK04-16 AK05-22 AK05-22 AK94-01 AK94-01 AK94-01 AK94-01 AK94-02 AK94-02 AK94-02 AK94-02 AK94-02-2 AK94-02-2 AK94-02-2 AK94-02-2 AK94-03 AK94-03 AK94-03 AK94-03 AK94-04 AK94-04 AK94-05 AK94-05 AK94-05 AK94-05 AK94-06 AK94-06 AK94-06 AK94-06 AK94-06 AK94-06 B1-101 B1-101 B1-102 B1-102 B1-103 B1-103 B1-104 B1-104 B1-105 B1-106 74 75.4 132.5 133.5 155.5 157.9 205.5 215.5 262.5 262.5 155 161.8 176 176 113.7 117.2 143.4 146 138.5 142.7 429.4 430.2 132 134.4 233 236 283.6 287.1 440 443.2 469.5 470 444.4 447 484.4 487 213.8 215.2 264.25 264.25 307.7 311.1 493.2 496.2 522.3 524.6 530 530 620 622.1 679.75 679.75 0 0 4.54 8 0 1.25 0 0 0 0 80.5 78.6 136.8 143.5 165.5 162.2 219.5 220 274 267 165 166 185 180.3 120.7 120.7 150.4 150.4 146.8 146.8 437 434 140.6 137 241.1 240.1 291.6 291.1 448.3 447.4 477.8 474.2 453 451.3 493 491.3 220.3 218.4 270.95 267.5 315 314.75 500 499.6 529 528 540 535 629.7 627 684.5 689.25 12.5 9.6 14.72 11.5 14.63 9.57 24.84 24.84 28.35 13.59 Selected intervals Horiz. Zone Name Tickness (m) OP05 NORD1 5.02 UG225 NORD1 2.47 UG225 NORD2 2.5 OP05 NORD2 5.81 OP05 NORD1 5.73 UG225 NORD1 2.47 OP05 NORD2 7.71 UG225 NORD2 2.49 OP05 NORD1 6.57 UG225 NORD1 2.56 OP05 NORD2 5.89 UG225 NORD2 2.47 OP05 NORD1 5.22 UG225 NORD1 2.5 OP05 NORD4 4.95 UG225 NORD4 2.48 OP05 NORD3 4.95 UG225 NORD3 3.11 OP05 NORD4 4.99 UG225 NORD4 2.47 OP05 NORD4 5 UG225 NORD4 2.5 OP05 NORD4 5.03 UG225 NORD4 1.52 OP05 NORD2 5 UG225 NORD2 2.53 OP05 NORD1 4.98 UG225 NORD1 2.49 OP05 NORD2 5.01 UG225 NORD2 2.54 OP05 NORD1 4.99 UG225 NORD1 2.53 OP05 NORD2 4.94 UG225 NORD2 2.47 OP05 NORD1 4.94 UG225 NORD1 2.47 OP05 NORD4 4.98 UG225 NORD4 2.45 OP05 NORD3 5.14 UG225 NORD3 2.49 OP05 NORD2 4.99 UG225 NORD2 2.5 OP05 NORD2 5.01 UG225 NORD2 2.5 OP05 NORD1 4.99 UG225 NORD1 2.53 OP05 PIT 5.01 UG225 PIT 2.51 OP05 NORD2 4.99 UG225 NORD2 2.52 UG225 NORD1 2.51 OP05 NORD1 5.03 OP05 PIT 3.25 UG225 PIT 2.49 OP05 PIT 7.17 UG225 PIT 2.47 OP05 PIT 8.46 UG225 PIT 4.81 OP05 PIT 6.49 UG225 PIT 6.49 UG225 PIT 2.73 OP05 PIT 8.67 Thrue Tickness (m) 5 2.46 2.49 5.79 5.71 2.46 7.68 2.48 6.54 2.55 5.86 2.46 5.2 2.49 4.93 2.47 4.93 3.1 4.97 2.46 4.98 2.49 5.01 1.51 4.98 2.52 4.96 2.48 4.99 2.53 4.97 2.52 4.93 2.46 4.93 2.46 4.96 2.44 5.12 2.48 4.97 2.49 4.99 2.49 4.97 2.52 4.99 2.5 4.97 2.51 2.51 5.01 3.23 2.48 7.14 2.46 8.43 4.79 6.47 6.47 2.71 8.63 Au g/t Cu ppm 0.52 0.78 0.94 0.75 0.5 0.54 1 1.43 2.14 4.9 0.32 0.56 0.56 0.74 0.34 0.34 1.96 2.4 1.24 2.03 0.03 0.04 0.06 0.1 1.54 2.72 2.66 4.87 0.21 0.39 0 0 0.24 0.14 0 0 0.37 0.51 1.75 3.17 2.56 3.84 0.78 0.85 0.49 0.87 0.01 0.01 0.01 0 0 0 0.27 0.27 6.67 18.18 4.41 7 10.16 10.16 1.5 3.51 212 300 ------------------3914 3556 4605 --------------------342 414 452 730 675 1183 0 0 1162 580 53 74 3364 4818 964 1413 288 436 301 261 216 357 90 94 6 0 27 14 --------------------- Au Eqiv. (g/t) 0.56 0.82 0.94 0.75 0.5 0.54 1.69 1.51 2.14 4.9 0.5 1.17 1.11 1.46 0.34 0.34 1.96 2.4 1.24 2.03 0.03 0.04 0.06 0.1 1.6 2.78 2.73 4.98 0.31 0.57 0 0 0.42 0.23 0.01 0.02 0.9 1.26 1.9 3.39 2.6 3.91 0.83 0.89 0.52 0.93 0.03 0.02 0.01 0 0.01 0 0.27 0.27 6.67 18.18 4.41 7 10.16 10.16 1.5 3.51 DDH From (m) To (m) B1-106 B1-108 B1-108 B1-109 B1-109 B1-110 B1-110 B1-112 B1-112 B1-113 B1-113 B1-114 B1-114 B1-115 B1-115 B1-116 B1-116 B1-116 B1-116 B1-117 B1-117 B1-117 B1-117 B1-118 B1-118 B1-118 B1-118 B1-119 B1-119 B1-119 B1-119 B1-120 B1-120 B1-121 B1-121 B1-51 B1-51 B1-52 B1-52 B1-53 B1-53 B1-54 B1-54 B1-55 B1-55 B1-56 B1-56 B1-57 B1-57 B1-58 B1-58 B1-59 B1-59 B1-60 B1-60 B1-61 B1-61 B1-62 B1-62 B1-63 B1-63 B1-64 0 0 0 0 0 0 0 0 0 0 0 0 2.5 0 0 0 0 17.83 17.83 0 10.94 16.12 16.12 0 10.39 19.63 19.63 0 17.59 19 19 6.19 9.7 0.91 14.63 0 12.65 0 16.92 0 0.91 0 0 0 0 3.2 25.91 0 8.99 0 0 1.28 1.28 4.33 12 1.68 1.68 0 0 0 0 15.39 10.45 29.66 29.66 16.86 16.86 38.5 38.5 22.37 22.37 27.65 14.5 25.97 12.25 32.31 30.78 16 16 22.86 22.86 16.12 16.12 22.83 22.83 19.63 19.63 23.93 23.93 19 19 25.82 25.82 12.59 12.59 24.23 22.56 37.55 23.01 34.14 34.14 28.19 18.44 34.08 27.13 18.41 5.18 43.43 36.58 25.76 25.76 30.18 30.18 32.1 7.41 18.9 16.43 26.37 15.54 28.74 25.85 13.72 13.72 31.09 Selected intervals Horiz. Zone Name Tickness (m) UG225 PIT 6.66 OP05 PIT 11.86 UG225 PIT 11.86 OP05 PIT 7.02 UG225 PIT 7.02 OP05 PIT 2.49 UG225 PIT 2.49 OP05 PIT 8.26 UG225 PIT 8.26 OP05 PIT 4.76 UG225 PIT 2.5 OP05 PIT 6.78 UG225 PIT 2.55 OP05 PIT 2.63 UG225 PIT 2.51 OP05 PIT 6.14 UG225 PIT 6.14 OP05 NORD2 1.93 UG225 NORD2 1.93 OP05 PIT 7.56 UG225 PIT 2.43 OP05 NORD2 3.15 UG225 NORD2 3.15 OP05 PIT 11.24 UG225 PIT 5.29 OP05 NORD2 2.46 UG225 NORD2 2.46 OP05 PIT 9.73 UG225 PIT 0.72 OP05 NORD2 3.49 UG225 NORD2 3.49 OP05 NORD1 5.53 UG225 NORD1 2.5 OP05 NORD1 8.77 UG225 NORD1 2.98 OP05 PIT 14.11 UG225 PIT 3.89 OP05 PIT 7.13 UG225 PIT 3.59 OP05 PIT 5.88 UG225 PIT 3.66 OP05 PIT 18.63 UG225 PIT 14.83 OP05 PIT 1.61 UG225 PIT 0.45 OP05 PIT 30.94 UG225 PIT 8.2 OP05 PIT 2.25 UG225 PIT 1.47 OP05 PIT 2.64 UG225 PIT 2.64 OP05 PIT 23.69 UG225 PIT 4.71 OP05 PIT 8.39 UG225 PIT 2.55 OP05 PIT 2.16 UG225 PIT 1.21 OP05 PIT 7.46 UG225 PIT 6.71 OP05 PIT 11.92 UG225 PIT 11.92 OP05 PIT 0 Thrue Tickness (m) 6.64 11.81 11.81 6.99 6.99 2.48 2.48 8.23 8.23 4.75 2.49 6.75 2.54 2.62 2.5 6.12 6.12 1.92 1.92 7.53 2.42 3.13 3.13 11.2 5.27 2.45 2.45 9.69 0.72 3.48 3.48 5.51 2.49 8.73 2.97 14.06 3.88 7.1 3.58 5.86 3.64 18.56 14.77 1.6 0.45 30.82 8.17 2.25 1.46 2.63 2.63 23.6 4.69 8.36 2.54 2.15 1.21 7.43 6.68 11.88 11.88 0 Au g/t Cu ppm 4.07 4.51 4.51 7.73 7.73 2.01 2.01 8.41 8.41 1.16 1.68 1.35 1.54 1.51 1.57 3.45 3.45 1.64 1.64 12.56 32.92 3.77 3.77 2.36 2.95 1.71 1.71 1.89 4.11 4.11 4.11 0.3 0.29 1.57 2.6 2.65 5.95 3.12 4.69 7.72 11.32 9.56 11.59 3.43 8.95 2.66 7.7 7.45 10.83 13.71 13.71 1.77 3.91 1.05 1.28 3.7 5.53 5.85 6.38 11.25 11.25 8.42 ----------------------------------------------------------------------------------------------------------------------------- Au Eqiv. (g/t) 4.07 4.51 4.51 7.73 7.73 2.01 2.01 8.41 8.41 1.16 1.68 1.35 1.54 1.51 1.57 3.45 3.45 1.64 1.64 12.56 32.92 3.77 3.77 2.36 2.95 1.71 1.71 1.89 4.11 4.11 4.11 0.3 0.29 1.57 2.6 2.65 5.95 3.12 4.69 7.72 11.32 9.56 11.59 3.43 8.95 2.66 7.7 7.45 10.83 13.71 13.71 1.77 3.91 1.05 1.28 3.7 5.53 5.85 6.38 11.25 11.25 8.42 DDH From (m) To (m) B1-64 B1-65 B1-65 B1-66 B1-66 B1-67 B1-67 B1-68 B1-68 B1-69 B1-69 B1-70 B1-70 B1-71 B1-71 B1-71A B1-71A B1-72 B1-72 B1-73 B1-73 B1-74 B1-74 B1-74 B1-75 B1-75 B1-76 B1-76 B1-77 B1-77 B1-77 B1-77 B1-78 B1-78 B1-79 B1-79 B1-80 B1-80 B1-81 B1-81 B1-83 B1-83 B1-84 B1-84 B1-85 B1-85 B1-86 B1-86 B1-87 B1-87 B1-88 B1-88 B1-89 B1-89 B1-90 B1-90 B1-91 B1-91 B1-92 B1-92 B1-94 B1-94 18.41 0 0 18.01 20.48 0.85 0.85 0 9 0 1.55 0 18.5 1.68 12.28 0 2.87 0 0 0 0 0 0 24.26 6.13 12.22 0 0 0 2 27.34 27.34 0 3.32 0 21 0 0.76 0 0 2.93 5.4 0 0.91 0 5.94 0 0 0 0 0 0 0 0 0 0 2.56 6.19 1.65 13.96 5.27 9.5 31.09 15.64 15.64 38.98 38.98 21 21 23.07 23.07 41.12 13.87 28.29 26.7 19.99 19.99 9.33 7.53 24.02 24.02 30.3 30.3 30.36 4.42 30.36 40.9 27.52 19.81 6.13 18.29 9.3 34.2 34.2 30.57 27.46 36.15 30.24 39.53 39.53 18.41 9.91 13.4 10.55 13.35 7.53 15.24 15.24 8.6 4.27 28.93 9.5 23.32 23.32 29.08 29.08 8.5 8.5 20.79 18.99 30.63 20.36 31.09 15.18 Selected intervals Horiz. Zone Name Tickness (m) UG225 PIT 0 OP05 PIT 12.02 UG225 PIT 12.02 OP05 PIT 5.45 UG225 PIT 4.81 OP05 PIT 1.76 UG225 PIT 1.76 OP05 PIT 4.02 UG225 PIT 2.45 OP05 PIT 8.78 UG225 PIT 2.63 OP05 PIT 8.72 UG225 PIT 2.53 OP05 PIT 13.3 UG225 PIT 5.6 OP05 PIT 6.83 UG225 PIT 3.41 OP05 PIT 2.1 UG225 PIT 2.1 OP05 PIT 16.24 UG225 PIT 16.24 OP05 PIT 17.48 UG225 PIT 2.54 UG225 NORD2 3.51 OP05 PIT 5.61 UG225 PIT 2.47 OP05 PIT 10.23 UG225 PIT 3.17 OP05 PIT 6.28 UG225 PIT 2.51 OP05 NORD2 2.36 UG225 NORD2 2.36 OP05 PIT 3.2 UG225 PIT 2.53 OP05 PIT 9.63 UG225 PIT 2.46 OP05 PIT 17.55 UG225 PIT 17.21 OP05 PIT 8.56 UG225 PIT 4.61 OP05 PIT 5.03 UG225 PIT 2.47 OP05 PIT 7.61 UG225 PIT 3.77 OP05 PIT 1.33 UG225 PIT 0.81 OP05 PIT 4.97 UG225 PIT 2.47 OP05 PIT 7.61 UG225 PIT 2.5 OP05 PIT 16.65 UG225 PIT 16.65 OP05 PIT 12.27 UG225 PIT 12.27 OP05 PIT 6.59 UG225 PIT 6.59 OP05 PIT 1.59 UG225 PIT 1.12 OP05 PIT 14.32 UG225 PIT 3.16 OP05 PIT 11.27 UG225 PIT 2.48 Thrue Tickness (m) 0 11.98 11.98 5.43 4.79 1.76 1.76 4.01 2.44 8.75 2.62 8.69 2.52 13.25 5.58 6.81 3.4 2.09 2.09 16.18 16.18 17.41 2.53 3.5 5.59 2.46 10.19 3.15 6.26 2.5 2.35 2.35 3.19 2.52 9.59 2.45 17.48 17.15 8.52 4.59 5.01 2.46 7.58 3.76 1.33 0.81 4.95 2.46 7.58 2.49 16.58 16.58 12.23 12.23 6.56 6.56 1.59 1.12 14.26 3.15 11.23 2.47 Au g/t Cu ppm 10.26 6.81 6.81 5.03 5.55 1.41 1.41 0.88 0.92 1.9 2.53 2.7 6.99 3.74 7.31 2.25 2.74 1.23 1.23 20.04 20.04 1.94 3.28 4.91 5.45 10.63 2.04 3.6 2.74 5.03 1.89 1.89 4.53 5.49 2.89 5.99 14.58 14.87 3.34 4.82 2.62 5.02 4.02 7.15 15.32 24.25 1.26 2.02 3 7.29 5.5 5.5 14.57 14.57 11 11 3.61 4.87 1.98 3.48 1.54 2.88 ----------------------------------------------------------------------------------------------------------------------------- Au Eqiv. (g/t) 10.26 6.81 6.81 5.03 5.55 1.41 1.41 0.88 0.92 1.9 2.53 2.7 6.99 3.74 7.31 2.25 2.74 1.23 1.23 20.04 20.04 1.94 3.28 4.91 5.45 10.63 2.04 3.6 2.74 5.03 1.89 1.89 4.53 5.49 2.89 5.99 14.58 14.87 3.34 4.82 2.62 5.02 4.02 7.15 15.32 24.25 1.26 2.02 3 7.29 5.5 5.5 14.57 14.57 11 11 3.61 4.87 1.98 3.48 1.54 2.88 DDH From (m) To (m) B1-96 B1-96 B1-97 B1-97 B1-98 B1-98 B1-99 B1-99 B2-48 B2-48 B2-50 B2-50 B2-51 B2-51 B2-52 B2-52 B2-53 B2-53 B2-55 B2-55 B2-56 B2-56 B2-57 B2-57 B2-58 B2-58 B2-59 B2-59 B2-60 B2-61 B2-61 B2-62 B2-62 B2-63 B2-63 B2-65 B2-65 B2-66 B2-66 B2-67 B2-67 B2-69 B2-69 B2-70 B2-70 B2-71 B2-71 B2-73 B2-73 B2-73 B2-73 B2-73 B2-73 B2-74 B2-74 B2-75 B2-75 B2-75 B2-75 B2-76 B2-76 B2-77 0 5.03 0 13.11 0 0 0.7 0.7 3.05 16.92 9.14 26 2.74 8.84 7.32 17.98 0 6.1 3.05 15.85 0 21.34 13.78 13.78 13.78 18.35 10.61 13 25.85 6.55 12.65 10.82 18 9.17 10.76 10.52 19.2 6.07 10.55 28.29 31.09 24.44 30.48 4.72 9.75 18.44 20.57 19.29 20.82 41.24 46 68.73 73 2.74 38.8 0.46 0.46 27.89 40.9 7.71 12.89 9.14 22.83 11.25 21.4 19.84 24.08 24.08 18.2 9.42 28.04 28.04 38.56 29.9 19.42 17.98 28.65 28.65 23.07 11.28 34.5 25.91 25.45 25.45 22.92 22.92 23.56 23.56 19.72 17 41.03 23.32 18.75 30.3 26 37.03 16.82 22.77 22.77 22.62 15.21 45.87 42.89 34.17 34.17 31.39 19.96 24.23 22.71 38.19 27.74 57.06 50 77.91 77 77.57 52.43 22.37 6.5 46.6 46.9 25.85 16 41.09 Selected intervals Horiz. Zone Name Tickness (m) OP05 PIT 19.43 UG225 PIT 5.29 OP05 PIT 12.94 UG225 PIT 4.07 OP05 PIT 15.59 UG225 PIT 15.59 OP05 PIT 0.52 UG225 PIT 0.26 OP05 PIT 21.72 UG225 PIT 9.66 OP05 PIT 18.98 UG225 PIT 2.52 OP05 PIT 14.5 UG225 PIT 7.94 OP05 PIT 12.28 UG225 PIT 6.14 OP05 PIT 16.37 UG225 PIT 3.68 OP05 PIT 14.33 UG225 PIT 4.58 OP05 PIT 0.89 UG225 PIT 0.14 OP05 PIT 0.48 UG225 PIT 0.48 OP05 PIT 2.87 UG225 PIT 1.53 OP05 PIT 5.87 UG225 PIT 2.58 OP05 PIT 4.45 OP05 PIT 9.65 UG225 PIT 3.51 OP05 PIT 4.4 UG225 PIT 1.81 OP05 PIT 17.96 UG225 PIT 3.91 OP05 PIT 8.69 UG225 PIT 2.53 OP05 PIT 10.68 UG225 PIT 3.01 OP05 PIT 11.34 UG225 PIT 7.61 OP05 PIT 8.62 UG225 PIT 3.27 OP05 PIT 23.18 UG225 PIT 8.88 OP05 PIT 3.33 UG225 PIT 1.23 OP05 PIT 12.19 UG225 PIT 4.46 OP05 NORD2 10.2 UG225 NORD2 2.58 OP05 NORD1 5.92 UG225 NORD1 2.58 OP05 PIT 25.68 UG225 PIT 4.68 OP05 NORD2 9.29 UG225 NORD2 2.56 OP05 NORD1 7.93 UG225 NORD1 2.54 OP05 PIT 14.88 UG225 PIT 2.55 OP05 PIT 8.14 Thrue Tickness (m) 19.36 5.27 12.89 4.05 15.53 15.53 0.52 0.26 21.64 9.63 18.91 2.51 14.44 7.91 12.23 6.12 16.31 3.66 14.27 4.57 0.89 0.14 0.48 0.48 2.86 1.52 5.85 2.57 4.44 9.62 3.5 4.38 1.8 17.89 3.89 8.66 2.52 10.64 3 11.3 7.58 8.59 3.26 23.1 8.84 3.32 1.23 12.14 4.45 10.16 2.57 5.9 2.57 25.58 4.66 9.26 2.55 7.9 2.53 14.82 2.54 8.1 Au g/t Cu ppm 3.48 7.74 2.69 5.44 8.55 8.55 3.4 5.75 3.23 4.74 2.21 10.38 3.06 4.52 4.24 7.73 2.7 6.92 2 4.45 0.79 1.65 0.86 0.86 4.76 8.24 0.8 0.95 0.57 3.29 5.66 1.59 1.95 1.86 3.12 1.18 3.02 1.49 3.29 2.61 3.42 0.91 1.71 2.4 4.39 3.42 7.54 2.79 5.44 0.64 0.81 0.66 1.18 0.77 1.95 0.97 1.21 1.62 2.05 0.85 1.16 1.09 ----------------------------------------------------------------------------------------------------------------------------- Au Eqiv. (g/t) 3.48 7.74 2.69 5.44 8.55 8.55 3.4 5.75 3.23 4.74 2.21 10.38 3.06 4.52 4.24 7.73 2.7 6.92 2 4.45 0.79 1.65 0.86 0.86 4.76 8.24 0.8 0.95 0.57 3.29 5.66 1.59 1.95 1.86 3.12 1.18 3.02 1.49 3.29 2.61 3.42 0.91 1.71 2.4 4.39 3.42 7.54 2.79 5.44 0.64 0.81 0.66 1.18 0.77 1.95 0.97 1.21 1.62 2.05 0.85 1.16 1.09 DDH From (m) To (m) B2-77 B2-77 B2-77 B2-78 B2-78 B2-78 B2-78 B2-78 B2-78 B2-79 B2-79 B2-79 B2-79 B2-80 B2-81 B2-81 B2-81 B2-81 B2-81 B2-81 B2-82 B2-82 B2-82 B2-82 B2-82 B2-82 B2-84 B2-84 B2-84 B2-84 B2-85 B2-85 B2-85 B2-85 B2-86 B2-86 B2-86 B2-86 B2-88 B2-88 B2-88 B2-88 B2-89 F-1 F-1 F-1 F-1 F-10 F-10 F-10 F-10 F-11 F-11 F-11 F-11 F-11 F-11 F-2 F-2 F-2 F-2 F-2 23.5 48.71 48.71 10.36 11.58 24.08 27.43 44.35 57.61 0 18 58.49 58.49 14.39 0 4.7 17.28 17.28 26.73 27.8 0 9.6 13.87 13.87 24.23 37.4 2.44 4 18.2 30.33 38.86 48.19 74.71 74.71 2.19 35 68.52 69.77 0 3.1 54.5 54.5 0.79 2.74 8 19.57 54.62 13.81 28.65 38.4 59.74 4.27 4.27 27.3 27.3 36.73 61.87 4.27 4.27 22.4 29.3 36.48 33.5 71.23 63.64 24.08 20.88 32.92 31.09 65.23 60.66 34.99 23.5 70.29 64 48.77 14.69 10.2 22.46 22.46 46.76 33.3 12.65 12.2 20.12 16.4 75.47 39.99 9.69 7.3 47.34 33.6 69.52 62.54 81.2 81.2 46.33 40 78.67 75.77 14.66 10.5 72.8 62 118.8 11.89 11.89 89.61 64.07 35.36 33.83 82.3 70.41 8.53 8.53 36.73 36.73 73.46 71.02 7.07 7.07 36.88 33.07 69.8 Selected intervals Horiz. Zone Name Tickness (m) UG225 PIT 2.55 OP05 NORD2 5.73 UG225 NORD2 3.8 OP05 PIT 12.04 UG225 PIT 8.16 OP05 NORD2 7.76 UG225 NORD2 3.21 OP05 NORD1 18.33 UG225 NORD1 2.68 OP05 PIT 15.83 UG225 PIT 2.49 OP05 NORD2 5.34 UG225 NORD2 2.49 OP05 PIT 3.01 OP05 PIT 13.36 UG225 PIT 5 OP05 NORD2 4.71 UG225 NORD2 4.71 OP05 NORD1 18.21 UG225 NORD1 5 OP05 PIT 12.27 UG225 PIT 2.52 OP05 NORD2 6.06 UG225 NORD2 2.45 OP05 NORD1 49.71 UG225 NORD1 2.51 OP05 NORD2 5.55 UG225 NORD2 2.53 OP05 NORD1 22.3 UG225 NORD1 2.5 OP05 PIT 9.62 UG225 PIT 4.5 OP05 NORD2 2.04 UG225 NORD2 2.04 OP05 NORD2 7.54 UG225 NORD2 0.85 OP05 NORD1 1.73 UG225 NORD1 1.02 OP05 NORD2 4.96 UG225 NORD2 2.5 OP05 NORD1 6.19 UG225 NORD1 2.54 OP05 NORD2 17.53 OP05 NORD2 5.75 UG225 NORD2 2.44 OP05 PIT 44 UG225 PIT 5.94 OP05 NORD2 13.89 UG225 NORD2 3.34 OP05 PIT 28.29 UG225 PIT 6.88 OP05 NORD1 2.75 UG225 NORD1 2.75 OP05 NORD2 6.08 UG225 NORD2 6.08 OP05 PIT 23.69 UG225 PIT 5.9 OP05 NORD1 1.86 UG225 NORD1 1.86 OP05 NORD2 9.61 UG225 NORD2 2.5 OP05 PIT 22.11 Thrue Tickness (m) 2.54 5.71 3.79 12 8.13 7.73 3.2 18.26 2.67 15.77 2.48 5.32 2.48 3 13.31 4.98 4.69 4.69 18.14 4.98 12.22 2.51 6.04 2.44 49.52 2.5 5.53 2.52 22.21 2.49 9.59 4.49 2.03 2.03 7.51 0.85 1.73 1.02 4.94 2.49 6.17 2.53 17.47 5.73 2.43 43.83 5.91 13.83 3.33 28.18 6.85 2.74 2.74 6.06 6.06 23.6 5.88 1.85 1.85 9.57 2.49 22.03 Au g/t Cu ppm 1.32 1.49 2.06 2.51 3.43 1.17 2.06 0.81 1.71 1.01 1.18 0.87 1.34 0.55 1.77 2.85 0.67 0.67 2.29 6.35 0.62 1.43 1.01 1.04 0.7 2.12 1.58 2.35 1.34 3.08 1.72 2.81 2.89 2.89 0.84 1.03 6.32 10.13 1.18 1.48 1.27 1.93 1.03 1.08 1.85 2.02 9.27 3.02 8.38 1.6 3.86 4.49 4.49 8.43 8.43 3.54 10.41 5.15 5.15 2.58 6.09 8.25 --------------------------------------------------------------------------------------------5753 --------------------3459 3459 ------- Au Eqiv. (g/t) 1.32 1.49 2.06 2.51 3.43 1.17 2.06 0.81 1.71 1.01 1.18 0.87 1.34 0.55 1.77 2.85 0.67 0.67 2.29 6.35 0.62 1.43 1.01 1.04 0.7 2.12 1.58 2.35 1.34 3.08 1.72 2.81 2.89 2.89 0.84 1.03 6.32 10.13 1.18 1.48 1.27 1.93 1.03 1.08 1.85 2.22 10.17 3.04 8.38 1.6 3.86 4.49 4.49 8.43 8.43 3.54 10.41 5.69 5.69 2.58 6.09 8.26 DDH From (m) To (m) F-2 F-3 F-3 F-6 F-6 F-6 F-6 F-6 F-6 F-7 F-7 F-7 F-7 F-7 F-7 F-8 F-8 F-9 F-9 F-9 F-9 F-9 F-9 H-1 H-1 H-1 H-1 H-10 H-10 H-10 H-10 H-11 H-11 H-14 H-14 H-17 H-17 H-22 H-22 H-22 H-22 H-23 H-23 H-24 H-24 H-24 H-27 H-27 H-28 H-28 H-28 H-28 H-3 H-3 H-32 H-32 H-33 H-33 H-34 H-34 H-34 H-34 54.56 19.42 23.4 14.3 17.3 44.6 48.5 61.42 63.5 4.57 5 33 33 49.38 57.7 8.53 13.11 16.15 16.15 36.58 46.5 65.53 80.77 1.52 22.86 48.7 50 13.4 15.5 35.05 54 33.83 56 5 29 3.5 31.5 5.5 18.8 94 106 35.5 35.5 26 43.3 111.7 26 26 18 36.5 59.8 59.8 7.26 19.51 7.5 26.5 26.5 28 89 99.5 139 143.5 69.8 30.33 27.28 22 21.2 52.27 52.27 69.2 67.4 12.4 8.9 40.8 36.9 84.12 61.57 19.51 17.68 17.68 17.68 64.01 50.29 87.93 84.6 27.43 25.91 54.5 52.9 20 18.7 57.25 57.25 97.54 72 45.5 45 69.7 60 74 34.3 120 119 122.5 64 65.5 62.5 121.7 65.8 50.5 52 40 64.1 64.1 22.49 22.25 54.9 36.5 64.5 48 131.5 111.7 146.5 146.5 Selected intervals Horiz. Zone Name Tickness (m) UG225 PIT 10.11 OP05 NORD2 7.04 UG225 NORD2 2.5 OP05 NORD1 4.97 UG225 NORD1 2.52 OP05 NORD2 4.95 UG225 NORD2 2.43 OP05 PIT 5.02 UG225 PIT 2.52 OP05 NORD1 5.05 UG225 NORD1 2.52 OP05 NORD2 5.03 UG225 NORD2 2.52 OP05 PIT 22.4 UG225 PIT 2.5 OP05 NORD1 8.42 UG225 NORD1 3.5 UG225 NORD1 0.99 OP05 NORD1 0.99 OP05 NORD2 17.7 UG225 NORD2 2.45 OP05 PIT 14.45 UG225 PIT 2.47 OP05 PIT 22.52 UG225 PIT 2.65 OP05 NORD2 5.04 UG225 NORD2 2.52 OP05 NORD2 5.05 UG225 NORD2 2.45 OP05 PIT 16.98 UG225 PIT 2.49 OP05 PIT 10 UG225 PIT 2.51 OP05 PIT 6.36 UG225 PIT 2.51 OP05 PIT 5.79 UG225 PIT 2.49 OP05 PIT 12.33 UG225 PIT 2.76 OP05 NORD2 4.93 UG225 NORD2 2.47 OP05 PIT 7.61 UG225 PIT 2.49 OP05 PIT 5.52 UG225 PIT 2.68 OP05 NORD2 1.4 OP05 PIT 29.13 UG225 PIT 17.93 OP05 PIT 26.12 UG225 PIT 2.69 OP05 NORD2 3.3 UG225 NORD2 3.3 OP05 PIT 13.19 UG225 PIT 2.37 OP05 PIT 34.42 UG225 PIT 7.26 OP05 PIT 29.21 UG225 PIT 15.37 OP05 PIT 30.62 UG225 PIT 8.7 OP05 NORD2 5.69 UG225 NORD2 2.28 Thrue Tickness (m) 10.07 7.01 2.49 4.95 2.51 4.93 2.42 5 2.51 5.03 2.51 5.01 2.51 22.32 2.49 8.38 3.49 0.98 0.98 17.63 2.44 14.4 2.46 22.44 2.64 5.02 2.51 5.03 2.44 16.91 2.48 9.97 2.5 6.34 2.5 5.77 2.48 12.28 2.75 4.91 2.46 7.58 2.48 5.5 2.67 1.39 29.02 17.86 26.02 2.68 3.29 3.29 13.14 2.36 34.29 7.23 29.1 15.31 30.5 8.66 5.67 2.27 Au g/t Cu ppm 16.86 1.73 3.44 0 0 0.48 0.62 0.53 0.72 0 0 0.27 0.26 1.22 1.91 2.3 3.43 0.68 0.68 1.05 2.33 1.07 2.53 2.21 8.55 0 0 0 0 0.92 1.15 0.42 0.55 1.82 3.22 1.8 2.51 1.8 4.41 0.22 0.45 1.98 3.36 1.8 3.65 0 5.2 6.85 1.72 4.7 1.28 1.28 0.12 0.68 2.08 6.5 8.62 13.63 2.32 4.38 0.2 0.26 ------0 0 --1136 ----0 0 --------------------------3248 0 0 0 0 ----------------------------------------------210 1166 ----------------- Au Eqiv. (g/t) 16.86 1.76 3.51 0 0 0.6 0.8 0.53 0.72 0 0 0.34 0.33 1.22 1.91 2.42 3.43 0.68 0.68 1.05 2.33 1.07 2.53 2.65 9.06 0 0 0 0 0.92 1.15 0.42 0.55 1.82 3.22 1.8 2.51 1.8 4.41 0.22 0.45 1.98 3.36 1.8 3.65 0 5.2 6.85 1.72 4.7 1.28 1.28 0.16 0.87 2.08 6.5 8.62 13.63 2.32 4.38 0.2 0.26 DDH From (m) To (m) H-34 H-34 H-35 H-35 H-35 H-35 H-36 H-36 H-36 H-36 H-37 H-37 H-37 H-37 H-38 H-38 H-38 H-38 H-38 H-38 H-39 H-39 H-39 H-39 H-40 H-40 H-40 H-40 H-40 H-40 H-44 H-44 H-44 H-44 H-45 H-45 H-45 H-45 H-46 H-46 H-46 H-46 H-47 H-47 H-48 H-48 H-48 H-49 H-49 H-5 H-51 H-51 H-51 H-51 H-52 H-52 H-53 H-56 H-56 H-56 H-56 H-56 164 164 35.4 47.2 52 54 112 136 149.75 151 98 107.3 145.5 150 88.8 102.3 125.5 128.5 158.8 158.8 31 32.5 56.5 56.5 44.8 46.6 76 92.5 120.5 124.8 113.5 116.1 157.82 158 60 61.5 92.5 92.5 166.2 169.8 184.3 187.9 9.91 9.91 5.5 24.5 26.4 30.48 33 7.2 58.1 89.76 130.76 149.8 73.46 73.46 147.86 182 182 200.56 200.56 231 171.5 167 52 50.5 66.4 58.3 143.6 142.1 162.1 154.8 136.2 111.5 153.86 153.86 111 106 142.5 135 173 162.5 38.4 36.2 63.7 60.1 55.8 55.8 109 96.1 146.8 135.3 137.8 120.75 167 162.6 67.5 65.3 100 96.3 173.4 173.4 191.5 191.5 67 38.5 7.07 30.9 29.6 36.8 35.5 42.67 64.5 96 136.8 155.9 79.5 76.5 151.14 187.6 192.94 206.2 211.6 242.32 Selected intervals Horiz. Zone Name Tickness (m) OP05 NORD1 5.83 UG225 NORD1 2.33 OP05 PIT 12.75 UG225 PIT 2.53 OP05 NORD2 11.06 UG225 NORD2 3.3 OP05 PIT 20.64 UG225 PIT 4.01 OP05 NORD2 8.12 UG225 NORD2 2.5 OP05 PIT 22.47 UG225 PIT 2.47 OP05 NORD2 4.92 UG225 NORD2 2.27 OP05 PIT 15.18 UG225 PIT 2.53 OP05 NORD2 11.7 UG225 NORD2 4.47 OP05 NORD1 9.8 UG225 NORD1 2.55 OP05 NORD1 5 UG225 NORD1 2.5 OP05 NORD2 4.97 UG225 NORD2 2.48 OP05 NORD1 7.35 UG225 NORD1 6.15 OP05 NORD2 22.99 UG225 NORD2 2.51 OP05 PIT 18.62 UG225 PIT 7.44 OP05 PIT 13.04 UG225 PIT 2.5 OP05 NORD2 4.93 UG225 NORD2 2.47 OP05 NORD1 4.93 UG225 NORD1 2.5 OP05 NORD2 4.93 UG225 NORD2 2.5 OP05 NORD1 5.02 UG225 NORD1 2.51 OP05 NORD2 5.02 UG225 NORD2 2.51 OP05 NORD1 4.99 UG225 NORD1 2.5 OP05 NORD2 1.21 OP05 NORD1 5.01 UG225 NORD1 2.51 OP05 NORD1 5 UG225 NORD1 1.98 OP05 PIT 25.14 OP05 NORD4 5.04 OP05 NORD3 4.99 OP05 NORD2 4.92 OP05 NORD1 5.01 OP05 NORD4 5.04 UG225 NORD4 2.53 OP05 NORD4 2.71 UG225 PIT 2.54 OP05 PIT 4.96 UG225 NORD2 2.53 OP05 NORD2 4.95 OP05 NORD1 4.98 Thrue Tickness (m) 5.81 2.32 12.7 2.53 11.02 3.29 20.56 3.99 8.09 2.49 22.38 2.46 4.9 2.26 15.12 2.52 11.66 4.45 9.76 2.54 4.98 2.49 4.95 2.47 7.32 6.12 22.9 2.5 18.55 7.41 12.99 2.49 4.91 2.46 4.91 2.49 4.91 2.49 5 2.5 5 2.5 4.98 2.49 1.2 4.99 2.5 4.98 1.97 25.05 5.03 4.97 4.91 4.99 5.02 2.52 2.7 2.53 4.94 2.52 4.93 4.96 Au g/t Cu ppm 0.55 1.38 0.42 0.66 2.76 6.79 2.7 7.42 1.38 2.05 0.55 1.74 0.58 0.71 1.14 3.97 2.69 5.45 5.16 18.71 0.97 1.95 0.71 1.42 4.12 4.52 0.83 2.34 2.11 4.35 0.53 2.17 0 0 0.82 1.62 2.23 4.4 0.96 1.8 0.79 1.57 0.2 0.24 0 0.15 0.29 1.02 1.89 0.64 0.39 0.6 0.14 0.12 0.28 0.25 0 0.79 0.77 1.94 1.11 0.19 ----------------------------------------------------------------0 0 --------------------0 --------807 1625 1338 514 --1640 2485 ------------- Au Eqiv. (g/t) 0.55 1.38 0.42 0.66 2.76 6.79 2.7 7.42 1.38 2.05 0.55 1.74 0.58 0.71 1.14 3.97 2.69 5.45 5.16 18.71 0.97 1.95 0.71 1.42 4.12 4.52 0.83 2.34 2.11 4.35 0.53 2.17 0 0 0.82 1.62 2.23 4.4 0.96 1.8 0.79 1.57 0.2 0.24 0 0.15 0.29 1.02 1.89 0.76 0.64 0.81 0.23 0.12 0.54 0.64 0 0.79 0.77 1.94 1.11 0.19 DDH From (m) To (m) H-56 H-57 H-57 H-61 H-61 H-61 H-61 H-62 H-62 H-62 H-62 H-62 H-62 H-62 H-62 H-69 H-69 H-69 H-69 H-7 H-7 H-70 H-70 H-70 H-70 H-70 H-70 H-8 H-8 H-9 H-9 IAX-09-52 IAX-09-52 IAX-09-52 IAX-09-52 IAX-09-53 IAX-09-53 IAX-09-53 IAX-09-53 IAX-09-54 IAX-09-54 IAX-09-54 IAX-09-54 IAX-09-58 IAX-09-58 IAX-09-58 IAX-09-58 IAX-09-58 IAX-09-58 IAX-09-59 IAX-09-59 IAX-09-59 IAX-09-59 IAX-09-59 IAX-09-59 IAX-09-60 IAX-09-60 IAX-09-60 IAX-09-60 IAX-09-60 IAX-09-60 IAX-09-60 234.3 212 215.8 22 22 53 55.11 83.9 87.3 107.26 107.8 149.2 159.4 178 178.5 21.34 21.34 108.2 108.2 27.74 27.74 98.33 99.27 115.5 118.05 139 140 55 59.7 41.2 42.1 183.6 185.6 203.55 203.55 253.2 257 309.4 311.5 343.15 348.7 405.5 410.2 10.3 12.2 26.4 28 65.2 69.1 12.6 15.5 45.85 45.85 75.3 103.2 16.65 21.8 51.9 53.4 70 73 90 240 226.2 223 28.2 24.1 59 58.16 90.5 90.5 115.64 110.95 162.46 162.4 184.1 181.51 42.12 23.47 138.68 111.25 31.3 34.8 104.5 102.32 121.5 121.1 145 143 64.52 64.52 48.8 45.9 191.5 189.5 211.5 207.5 260.9 260.9 318.55 315.9 353.3 353.3 414.8 414.8 17.92 16 34 31.8 72.9 72.9 20.3 19.3 57.5 49.7 107 107 25.3 25 58.4 56.7 76.5 76.3 96.5 Selected intervals Horiz. Zone Name Tickness (m) UG225 NORD1 2.5 OP05 NORD2 4.99 UG225 NORD2 2.53 OP05 NORD2 4.86 UG225 NORD2 1.64 OP05 NORD1 4.95 UG225 NORD1 2.52 OP05 NORD4 5.06 UG225 NORD4 2.46 OP05 NORD3 6.69 UG225 NORD3 2.51 OP05 NORD2 10.86 UG225 NORD2 2.46 OP05 NORD1 5.03 UG225 NORD1 2.48 OP05 NORD4 1.82 UG225 NORD4 0.19 OP05 NORD3 2.67 UG225 NORD3 0.27 UG225 NORD2 2.52 OP05 NORD2 4.99 OP05 NORD3 5.01 UG225 NORD3 2.48 OP05 NORD2 4.95 UG225 NORD2 2.52 OP05 NORD1 4.96 UG225 NORD1 2.48 OP05 NORD2 4.94 UG225 NORD2 2.5 OP05 NORD2 5 UG225 NORD2 2.5 OP05 NORD1 4.98 UG225 NORD1 2.46 OP05 NORD2 5.04 UG225 NORD2 2.5 OP05 NORD2 5 UG225 NORD2 2.54 OP05 NORD1 6.12 UG225 NORD1 2.94 OP05 NORD2 5.51 UG225 NORD2 2.5 OP05 NORD1 5.05 UG225 NORD1 2.5 OP05 NORD1 4.97 UG225 NORD1 2.48 OP05 NORD2 4.96 UG225 NORD2 2.48 OP05 PIT 5.04 UG225 PIT 2.49 OP05 NORD1 5.01 UG225 NORD1 2.47 OP05 NORD2 7.58 UG225 NORD2 2.5 OP05 PIT 20.84 UG225 PIT 2.51 OP05 NORD4 6.63 UG225 NORD4 2.46 OP05 NORD3 5 UG225 NORD3 2.54 OP05 NORD2 5 UG225 NORD2 2.54 OP05 NORD1 5.04 Thrue Tickness (m) 2.5 4.97 2.52 4.84 1.63 4.94 2.51 5.05 2.45 6.66 2.5 10.82 2.45 5.01 2.47 1.81 0.19 2.66 0.27 2.51 4.97 4.99 2.47 4.93 2.51 4.94 2.47 4.93 2.49 4.98 2.49 4.96 2.45 5.02 2.49 4.98 2.53 6.1 2.93 5.48 2.49 5.03 2.49 4.95 2.47 4.94 2.47 5.02 2.48 4.99 2.46 7.55 2.49 20.76 2.5 6.61 2.45 4.98 2.53 4.99 2.53 5.02 Au g/t Cu ppm 0.08 0.54 0.9 0 0 0.54 0.85 0.25 0.33 1.61 3.11 0.68 1.71 0 0.01 0.77 3.25 0.66 2.74 0.2 0.1 1.66 2.74 0.69 1.03 0.56 0.84 0.65 0.77 0.78 1.38 0.11 0.1 0.67 1.23 0.36 0.51 4.63 8.57 2.18 3.71 0.37 0.69 0.05 0.04 0.12 0.15 0.6 0.76 0.78 1.35 1.01 1.75 0.4 0.86 0.65 1.01 2.31 3.88 0.12 0.14 0.25 ------0 0 ----------------------------447 225 ------------1263 1217 --4393 55 51 118 127 209 306 2298 1525 514 956 64 58 111 110 54 72 522 984 190 236 124 193 535 1026 883 262 2920 3959 447 476 1106 Au Eqiv. (g/t) 0.08 0.54 0.9 0 0 0.54 0.85 0.25 0.33 1.88 3.73 1 3.06 0 0.01 0.94 3.25 0.74 2.74 0.27 0.14 1.66 2.74 0.69 1.03 0.56 0.84 0.85 0.96 1.14 2.07 0.12 0.1 0.69 1.25 0.39 0.56 4.99 8.81 2.26 3.87 0.37 0.7 0.07 0.05 0.13 0.16 0.68 0.91 0.81 1.39 1.03 1.78 0.48 1.02 0.79 1.05 2.76 4.5 0.19 0.21 0.42 DDH From (m) To (m) IAX-09-60 IAX-09-61 IAX-09-61 IAX-09-61 IAX-09-61 IAX-09-62 IAX-09-62 IAX-09-62 IAX-09-62 IAX-09-63 IAX-09-63 IAX-09-63 IAX-09-63 IAX-09-63 IAX-09-63 IAX-09-64 IAX-09-64 IAX-09-64 IAX-09-64 IAX-09-66 IAX-09-66 IAX-09-66 IAX-09-66 IAX-10-100 IAX-10-100 IAX-10-100 IAX-10-100 IAX-10-101 IAX-10-101 IAX-10-101 IAX-10-101 IAX-10-102 IAX-10-102 IAX-10-102 IAX-10-102 IAX-10-103 IAX-10-103 IAX-10-103 IAX-10-103 IAX-10-104 IAX-10-104 IAX-10-104 IAX-10-104 IAX-10-105 IAX-10-105 IAX-10-105 IAX-10-105 IAX-10-106 IAX-10-106 IAX-10-106 IAX-10-106 IAX-10-107 IAX-10-107 IAX-10-107 IAX-10-107 IAX-10-108 IAX-10-108 IAX-10-108 IAX-10-108 IAX-10-109 IAX-10-109 IAX-10-109 93 61.1 64 82 82 36 37.6 79.8 86.5 40.7 42.4 86 87.7 115.62 115.62 184 187.7 211.5 222.2 107.1 109.5 115.8 122.6 396.2 397.7 422.2 423 166.62 168 182 184 447.6 449.4 498.2 498.6 288.4 290 330.7 331.4 90.6 91 117 117 386.57 389 419.4 423.9 408.72 408.8 444.6 445.7 432.58 434 474 476.7 214 219.4 251.3 253 519.3 519.3 568.45 96.2 67.5 67.2 88.4 85.2 42.5 40.8 94.5 89.7 54 45.6 92.4 90.9 122.12 118.8 192.6 191.9 220 226.4 114.3 112.8 127.8 125.9 402.5 400.8 428.5 426.1 173.13 171.2 188.5 187.2 458.5 454.7 508.9 503.9 298 294.8 341.7 336.2 97.2 94.2 123.5 120.2 395.47 393.4 428.3 428.3 419.2 412.2 451.5 449.1 439.8 437.5 481 480.2 223.2 223.2 258.8 256.8 528.3 523.4 576.7 Selected intervals Horiz. Zone Name Tickness (m) UG225 NORD1 2.48 OP05 NORD2 5.01 UG225 NORD2 2.5 OP05 NORD1 5.02 UG225 NORD1 2.51 OP05 NORD4 5.02 UG225 NORD4 2.47 OP05 NORD3 11.36 UG225 NORD3 2.47 OP05 PIT 10.41 UG225 PIT 2.5 OP05 NORD2 5.02 UG225 NORD2 2.51 OP05 NORD1 5.11 UG225 NORD1 2.5 OP05 NORD1 5.04 UG225 NORD1 2.46 OP05 NORD2 5.02 UG225 NORD2 2.49 OP05 NORD2 5.44 UG225 NORD2 2.49 OP05 NORD1 9.07 UG225 NORD1 2.5 OP05 NORD2 5.01 UG225 NORD2 2.47 OP05 NORD1 5.02 UG225 NORD1 2.47 OP05 NORD2 5.07 UG225 NORD2 2.49 OP05 NORD1 5.06 UG225 NORD1 2.49 OP05 NORD1 5.04 UG225 NORD1 2.45 OP05 NORD2 5.04 UG225 NORD2 2.5 OP05 NORD2 5.07 UG225 NORD2 2.54 OP05 NORD1 5.82 UG225 NORD1 2.54 OP05 NORD2 5.05 UG225 NORD2 2.45 OP05 NORD1 5 UG225 NORD1 2.46 OP05 NORD2 4.98 UG225 NORD2 2.46 OP05 NORD1 5.01 UG225 NORD1 2.48 OP05 NORD2 7.75 UG225 NORD2 2.51 OP05 NORD1 5.12 UG225 NORD1 2.53 OP05 NORD1 5.03 UG225 NORD1 2.45 OP05 NORD2 4.97 UG225 NORD2 2.48 OP05 NORD1 6.08 UG225 NORD1 2.51 OP05 NORD2 5 UG225 NORD2 2.53 OP05 NORD2 5.5 UG225 NORD2 2.51 OP05 NORD1 5.04 Thrue Tickness (m) 2.47 4.99 2.5 5 2.5 5 2.46 11.32 2.46 10.37 2.49 5 2.5 5.09 2.49 5.02 2.45 5 2.48 5.42 2.49 9.04 2.49 4.99 2.46 5 2.46 5.05 2.48 5.04 2.48 5.02 2.44 5.03 2.49 5.05 2.53 5.8 2.53 5.03 2.44 4.98 2.45 4.96 2.45 4.99 2.47 7.72 2.5 5.1 2.52 5.01 2.44 4.95 2.47 6.06 2.5 4.98 2.52 5.48 2.5 5.03 Au g/t Cu ppm 0.16 0.53 0.87 0.63 0.82 0.11 0.13 1.49 1.48 1.82 2.6 0.4 0.45 1.05 0.99 7.83 15.97 0.18 0 1.08 1.13 1.24 1.68 0.16 0.09 0.36 0.65 0.03 0.04 0.13 0.02 0.61 1.23 0.86 1 0.13 0.07 1.18 1.9 0.32 0.37 0.78 0.88 0.39 0.66 0.43 0.79 4.93 13.97 1.02 1.43 0.39 0.73 1.36 2.32 1.01 1.26 1.13 2.18 0.78 0.89 0.31 958 2834 4968 1696 1452 365 336 602 464 480 370 56 19 50 55 684 1369 528 31 60 73 113 137 460 529 397 454 7 6 172 64 291 490 496 830 411 573 102 136 251 276 387 355 155 189 171 224 212 166 580 938 153 275 399 609 287 284 259 266 224 380 206 Au Eqiv. (g/t) 0.31 0.97 1.65 0.89 1.04 0.17 0.18 1.58 1.55 1.89 2.65 0.4 0.45 1.06 1 7.94 16.19 0.26 0.01 1.09 1.14 1.26 1.71 0.24 0.17 0.43 0.72 0.03 0.04 0.16 0.03 0.65 1.31 0.93 1.13 0.19 0.16 1.2 1.92 0.36 0.41 0.84 0.94 0.42 0.69 0.46 0.82 4.96 13.99 1.1 1.58 0.41 0.77 1.43 2.41 1.06 1.31 1.17 2.22 0.82 0.95 0.34 DDH From (m) To (m) IAX-10-109 IAX-10-110 IAX-10-110 IAX-10-110 IAX-10-110 IAX-10-110 IAX-10-111 IAX-10-111 IAX-10-111 IAX-10-111 IAX-10-112 IAX-10-112 IAX-10-112 IAX-10-112 IAX-10-112 IAX-10-112 IAX-10-113 IAX-10-113 IAX-10-113 IAX-10-113 IAX-10-113 IAX-10-113 IAX-10-114 IAX-10-114 IAX-10-114 IAX-10-114 IAX-10-115 IAX-10-115 IAX-10-115 IAX-10-115 IAX-10-116 IAX-10-116 IAX-10-116 IAX-10-116 IAX-10-117 IAX-10-117 IAX-10-118 IAX-10-118 IAX-10-118 IAX-10-118 IAX-10-119 IAX-10-119 IAX-10-119 IAX-10-119 IAX-10-119 IAX-10-119 IAX-10-67 IAX-10-67 IAX-10-67 IAX-10-67 IAX-10-70 IAX-10-70 IAX-10-70 IAX-10-70 IAX-10-71 IAX-10-71 IAX-10-71 IAX-10-71 IAX-10-72 IAX-10-72 IAX-10-72 IAX-10-72 571.6 242.8 247 272.5 272.5 313.1 116 116.15 135.77 135.77 94 97.1 106.5 107 129.35 140.1 57 58 85.3 87.3 101.7 105.6 108.5 111.8 121.8 124 79.72 79.72 105.64 110 39.6 42.75 82 84.8 136.2 137 142.37 144.8 160 163.2 148.75 152 165.7 165.7 198.5 199.9 203.3 204 232.3 233 243.6 247.5 279.75 281 276.6 287.1 327 327 125.59 128.48 138.75 140.2 575.8 251.22 251.22 285.26 276.7 317.3 119.4 124.45 142.5 139.2 100.5 100.35 113 110.25 143.35 143.35 63.5 61.3 91.8 90.6 108.2 108.9 115.15 115.15 128.3 127.3 88.65 84.1 114.4 114.4 46 45.95 88.4 88 145 141.4 148.74 148 166.39 166.4 156.68 155.18 172.65 171.65 204.8 203 209.9 207.3 238.9 236.3 250.75 250.75 286.23 284.25 305.6 293.8 341.1 333.5 137.7 132.1 154.45 143.9 Selected intervals Horiz. Zone Name Tickness (m) UG225 NORD1 2.55 OP05 NORD1 5.05 UG225 NORD1 2.53 OP05 NORD2 7.68 UG225 NORD2 2.53 UG225 PIT 2.53 UG225 NORD2 2.49 OP05 NORD2 6.09 OP05 NORD1 4.95 UG225 NORD1 2.52 OP05 PIT 5.03 UG225 PIT 2.52 OP05 NORD2 5.03 UG225 NORD2 2.52 OP05 NORD1 10.88 UG225 NORD1 2.53 OP05 PIT 5 UG225 PIT 2.54 OP05 NORD2 5.03 UG225 NORD2 2.55 OP05 NORD1 5 UG225 NORD1 2.53 OP05 NORD2 5.03 UG225 NORD2 2.54 OP05 NORD1 4.99 UG225 NORD1 2.53 OP05 NORD2 5.12 UG225 NORD2 2.51 OP05 NORD1 4.98 UG225 NORD1 2.5 OP05 NORD4 5.01 UG225 NORD4 2.51 OP05 NORD3 5.05 UG225 NORD3 2.52 OP05 NORD4 5.07 UG225 NORD4 2.53 OP05 NORD2 5.02 UG225 NORD2 2.52 OP05 NORD1 5.05 UG225 NORD1 2.53 OP05 NORD3 6.29 UG225 NORD3 2.54 OP05 NORD2 5.51 UG225 NORD2 4.73 OP05 NORD1 5.05 UG225 NORD1 2.48 OP05 NORD2 4.95 UG225 NORD2 2.48 OP05 NORD1 4.97 UG225 NORD1 2.48 OP05 NORD2 5.54 UG225 NORD2 2.52 OP05 NORD1 5.06 UG225 NORD1 2.54 OP05 NORD2 10.84 UG225 NORD2 2.5 OP05 NORD1 5.41 UG225 NORD1 2.49 OP05 NORD1 8.31 UG225 NORD1 2.48 OP05 NORD2 10.76 UG225 NORD2 2.54 Thrue Tickness (m) 2.54 5.03 2.52 7.65 2.52 2.52 2.49 6.07 4.93 2.51 5.01 2.51 5.01 2.51 10.83 2.52 4.98 2.53 5.01 2.54 4.98 2.53 5.01 2.53 4.97 2.52 5.1 2.5 4.96 2.5 4.99 2.5 5.03 2.51 5.05 2.52 5 2.51 5.03 2.52 6.26 2.53 5.49 4.71 5.03 2.48 4.93 2.47 4.95 2.47 5.52 2.51 5.04 2.53 10.8 2.49 5.39 2.48 8.28 2.47 10.72 2.53 Au g/t Cu ppm 0.42 0.95 1.69 2.19 4.26 0.81 0.59 0.47 0.56 1.04 0.59 0.9 0.18 0.14 2.36 6.78 0.14 0.19 0.54 0.86 0.33 0.54 0.14 0.23 0.92 1.45 1.28 1.51 2.39 4.59 1.2 2.18 0.07 0.03 0.17 0.1 0.93 1.73 0.93 1.64 0.77 0.8 6.8 7.86 0.46 0.82 0.25 0.26 0.21 0.22 0.62 0.89 0.29 0.52 1.41 2.51 2.75 4.08 2.22 4.68 1.24 2.91 208 47 62 560 1600 48 41 70 160 176 110 22 594 357 479 863 401 567 773 723 210 285 343 235 287 539 3253 5044 2594 5063 773 1008 530 393 1331 813 1412 1395 1547 2313 2600 2528 4217 4607 549 634 1460 2006 605 574 235 349 259 245 439 444 157 92 71 50 235 193 Au Eqiv. (g/t) 0.46 0.95 1.7 2.28 4.51 0.82 0.59 0.48 0.58 1.06 0.61 0.9 0.28 0.2 2.44 6.92 0.21 0.28 0.66 0.97 0.36 0.58 0.2 0.27 0.96 1.53 1.79 2.3 2.79 5.38 1.32 2.33 0.15 0.09 0.38 0.23 1.15 1.95 1.17 2 1.18 1.2 7.46 8.58 0.54 0.92 0.47 0.57 0.31 0.31 0.66 0.94 0.33 0.56 1.48 2.58 2.77 4.09 2.23 4.68 1.28 2.94 DDH From (m) To (m) IAX-10-72 IAX-10-72 IAX-10-73 IAX-10-73 IAX-10-73 IAX-10-73 IAX-10-74 IAX-10-74 IAX-10-74 IAX-10-74 IAX-10-75 IAX-10-75 IAX-10-75 IAX-10-75 IAX-10-76 IAX-10-76 IAX-10-77 IAX-10-77 IAX-10-78 IAX-10-78 IAX-10-78 IAX-10-78 IAX-10-79 IAX-10-79 IAX-10-79 IAX-10-79 IAX-10-80 IAX-10-80 IAX-10-81 IAX-10-81 IAX-10-82 IAX-10-82 IAX-10-83 IAX-10-83 IAX-10-84 IAX-10-84 IAX-10-85 IAX-10-85 IAX-10-86 IAX-10-86 IAX-10-86 IAX-10-86 IAX-10-87 IAX-10-87 IAX-10-87 IAX-10-87 IAX-10-88 IAX-10-88 IAX-10-88 IAX-10-88 IAX-10-89 IAX-10-89 IAX-10-89 IAX-10-89 IAX-10-89 IAX-10-89 IAX-10-90 IAX-10-90 IAX-10-90 IAX-10-90 IAX-10-91 IAX-10-91 158.35 180.45 97.25 97.25 141.4 148.9 165.4 165.4 215.15 219.7 87.7 88.45 123.75 127.35 179.7 182.6 202.5 205.6 55 56 96 96.1 82.1 83.5 131.8 132 44 45 54.8 54.8 65 66 84.5 85 64 65 79.5 80 207.3 210.1 251.6 253.6 213.25 213.25 241.75 256.75 233.3 240.3 267.3 268 109.25 109.25 150.75 154.5 200 201 294.4 295 324 327.5 141 141.3 199.18 197.96 105.5 101.3 153 153 171.8 168.6 222.9 222.9 94.2 91.7 133.85 132.35 186.3 185.95 208.75 208.75 61.5 59.2 102.5 99.3 88.7 86.8 138.3 135.3 50.5 48.25 61.4 58.1 71.4 69.2 91 88.2 70.3 68.2 85.8 83.2 213.6 213.3 257.9 256.8 219.7 216.5 261.25 260.25 245.3 245.3 274.8 271.7 116.7 113 158.25 158.25 207.5 204.75 301.5 298.5 331 331 148.5 145 Selected intervals Horiz. Zone Name Tickness (m) OP05 PIT 28.08 UG225 PIT 12.05 OP05 NORD1 5 UG225 NORD1 2.46 OP05 NORD2 7.12 UG225 NORD2 2.51 OP05 NORD2 5.01 UG225 NORD2 2.5 OP05 NORD1 6.1 UG225 NORD1 2.52 OP05 NORD2 5.02 UG225 NORD2 2.51 OP05 NORD1 7.85 UG225 NORD1 3.88 OP05 NORD2 5 UG225 NORD2 2.54 OP05 NORD2 4.98 UG225 NORD2 2.51 OP05 NORD2 4.97 UG225 NORD2 2.45 OP05 NORD1 4.99 UG225 NORD1 2.46 OP05 NORD2 4.99 UG225 NORD2 2.49 OP05 NORD1 4.95 UG225 NORD1 2.51 OP05 NORD2 5.04 UG225 NORD2 2.52 OP05 NORD2 5.05 UG225 NORD2 2.52 OP05 NORD2 5.01 UG225 NORD2 2.51 OP05 NORD2 5.07 UG225 NORD2 2.5 OP05 NORD2 4.97 UG225 NORD2 2.52 OP05 NORD2 5.04 UG225 NORD2 2.56 OP05 NORD2 5.02 UG225 NORD2 2.55 OP05 NORD1 5.04 UG225 NORD1 2.56 OP05 NORD2 5.03 UG225 NORD2 2.54 OP05 NORD1 15.29 UG225 NORD1 2.75 OP05 NORD1 7.95 UG225 NORD1 3.31 OP05 NORD2 4.99 UG225 NORD2 2.46 OP05 NORD1 4.96 UG225 NORD1 2.49 OP05 NORD2 4.99 UG225 NORD2 2.5 OP05 PIT 5.03 UG225 PIT 2.51 OP05 NORD1 5.14 UG225 NORD1 2.52 OP05 NORD2 5.01 UG225 NORD2 2.5 OP05 NORD1 5.04 UG225 NORD1 2.48 Thrue Tickness (m) 27.97 12.01 4.99 2.45 7.09 2.5 4.99 2.49 6.08 2.51 5 2.5 7.82 3.87 4.98 2.53 4.97 2.5 4.95 2.44 4.98 2.45 4.97 2.48 4.94 2.5 5.02 2.51 5.03 2.51 4.99 2.5 5.05 2.49 4.95 2.52 5.02 2.55 5 2.54 5.02 2.55 5.01 2.53 15.23 2.74 7.92 3.3 4.97 2.45 4.94 2.48 4.97 2.49 5.01 2.5 5.12 2.51 4.99 2.49 5.02 2.47 Au g/t Cu ppm 3.03 4.65 0.68 0.76 0.98 1.89 0 0.01 1.16 1.34 3.76 6.68 1.99 3.46 0.68 1 0.25 0.48 0 0 2.44 4.67 3.72 7.27 0.01 0.01 0 0 0.42 0.42 0.02 0.02 0 0 0 0 0 0 7.85 14.93 0.79 0.84 0.78 1.2 6.91 35.4 2.15 3.61 0.18 0.26 0.95 1.23 0.48 0.9 0.02 0 0.04 0.01 0.27 0.49 1.11 1.41 548 224 367 358 288 514 9 8 716 1101 892 1367 254 348 317 355 61 97 0 0 564 953 250 275 64 45 99 79 158 246 88 36 29 15 26 25 34 21 3351 6112 410 361 146 211 592 1157 145 69 287 174 71 23 73 87 98 52 34 26 30 39 575 892 Au Eqiv. (g/t) 3.11 4.68 0.74 0.81 1.03 1.97 0 0.01 1.27 1.51 3.9 6.9 2.03 3.51 0.74 1.05 0.26 0.49 0 0 2.53 4.82 3.76 7.31 0.02 0.02 0.02 0.01 0.45 0.46 0.03 0.02 0.01 0 0 0 0.01 0 8.37 15.88 0.85 0.9 0.8 1.23 7 35.58 2.17 3.62 0.23 0.28 0.96 1.23 0.49 0.91 0.04 0.01 0.04 0.02 0.27 0.49 1.2 1.55 DDH From (m) To (m) IAX-10-91 IAX-10-91 IAX-10-91 IAX-10-92 IAX-10-92 IAX-10-92 IAX-10-92 IAX-10-93 IAX-10-93 IAX-10-93 IAX-10-93 IAX-10-93 IAX-10-93 IAX-10-94 IAX-10-94 IAX-10-95 IAX-10-95 IAX-10-95 IAX-10-95 IAX-10-95 IAX-10-95 IAX-10-96 IAX-10-96 IAX-10-96 IAX-10-96 IAX-10-97 IAX-10-97 IAX-10-97 IAX-10-97 IAX-10-97 IAX-10-97 IAX-10-98 IAX-10-98 IAX-10-98 IAX-10-98 IAX-10-98 IAX-10-98 IAX-10-99 IAX-10-99 IAX-10-99 IAX-10-99 IAX-11-120 IAX-11-120 IAX-11-120 IAX-11-120 IAX-11-121 IAX-11-121 IAX-11-121 IAX-11-121 IAX-11-121 IAX-11-121 IAX-11-122 IAX-11-122 IAX-11-122 IAX-11-122 IAX-11-122 IAX-11-122 IAX-11-123 IAX-11-123 IAX-11-123 IAX-11-123 IAX-11-123 194 223 224 332 334 359.3 360 135 136 166.9 168 190.4 190.4 173 173 215.1 218.8 240.3 240.3 277.28 278 221.25 222 254.6 256.65 286.9 290.5 300.5 303.1 334 337.7 312.7 313 344.4 347 371.1 374 443 448 494.44 500.4 132.85 137.7 160.85 160.85 51.1 52 71.1 72 85.7 86 156.5 157 183.1 186.3 197.4 199.1 106.8 107 129 130 183.6 201.5 230.4 227.7 339.55 337.7 366.8 363.7 142.5 139.8 174.5 171.8 197.9 194.2 179.2 176.1 222.6 222.6 247.9 244 284.78 281.78 227.4 225.1 260.7 259.75 294.07 294.07 307.8 306.7 341.34 341.34 318.9 316.1 350.6 350.1 377.2 377.1 453.7 453.3 505.7 505.7 144.85 140.85 174.45 164 57.6 55.25 77.6 75.25 92.2 89.25 162.8 160.2 189.4 189.5 203.8 202.3 113.08 110.1 135.3 133.1 189.9 Selected intervals Horiz. Zone Name Tickness (m) OP05 NORD2 5.08 OP05 PIT 5.04 UG225 PIT 2.52 OP05 NORD1 5.05 UG225 NORD1 2.47 OP05 NORD2 5.02 UG225 NORD2 2.48 OP05 NORD1 4.95 UG225 NORD1 2.51 OP05 NORD2 5 UG225 NORD2 2.5 OP05 PIT 4.95 UG225 PIT 2.5 OP05 NORD2 5.02 UG225 NORD2 2.51 OP05 NORD1 4.99 UG225 NORD1 2.54 OP05 NORD2 5.08 UG225 NORD2 2.47 OP05 PIT 5.03 UG225 PIT 2.54 OP05 NORD4 5.03 UG225 NORD4 2.54 OP05 NORD3 5.01 UG225 NORD3 2.55 OP05 NORD1 5.02 UG225 NORD1 2.5 OP05 NORD2 5.05 UG225 NORD2 2.48 OP05 PIT 5 UG225 PIT 2.48 OP05 NORD3 5.04 UG225 NORD3 2.52 OP05 NORD2 5.04 UG225 NORD2 2.52 OP05 NORD1 4.98 UG225 NORD1 2.53 OP05 NORD1 5.02 UG225 NORD1 2.48 OP05 NORD2 5.35 UG225 NORD2 2.52 OP05 NORD4 9.48 UG225 NORD4 2.49 OP05 NORD3 10.78 UG225 NORD3 2.5 OP05 NORD3 5.06 UG225 NORD3 2.53 OP05 NORD2 5.03 UG225 NORD2 2.51 OP05 NORD1 5.03 UG225 NORD1 2.51 OP05 NORD3 5 UG225 NORD3 2.54 OP05 NORD2 5.03 UG225 NORD2 2.55 OP05 NORD1 5.02 UG225 NORD1 2.51 OP05 NORD4 4.99 UG225 NORD4 2.46 OP05 NORD3 5.02 UG225 NORD3 2.47 OP05 NORD2 5.09 Thrue Tickness (m) 5.07 5.02 2.51 5.03 2.47 5 2.47 4.93 2.5 4.98 2.49 4.93 2.49 5 2.5 4.98 2.53 5.06 2.46 5.01 2.53 5.01 2.53 4.99 2.54 5 2.49 5.03 2.48 4.98 2.47 5.02 2.51 5.02 2.51 4.96 2.52 5 2.47 5.33 2.51 9.44 2.48 10.74 2.49 5.04 2.52 5.01 2.5 5.01 2.5 4.98 2.53 5.01 2.54 5 2.5 4.97 2.45 5 2.46 5.07 Au g/t Cu ppm 0.34 0.12 0.08 0.83 0.85 0.12 0.13 0.01 0.01 1.33 2.6 0.61 1.11 0.1 0.18 5.38 9.67 0.84 1.22 1.31 2 0.08 0.07 0.52 0.7 0.41 0.8 1.09 2.1 0.26 0.28 0.11 0.1 0.48 0.77 0.17 0.27 0.18 0.35 1.42 2.1 0.58 0.82 1.27 3.95 0.06 0.04 0.11 0.03 0.06 0.06 0.06 0.08 0.61 1.02 1.19 1.95 0.33 0.28 0.05 0.07 0.55 110 22 27 1391 2234 689 684 5 4 66 84 2714 5277 1366 2492 443 384 91 51 13 15 679 400 1211 1323 166 305 834 1567 952 1627 875 988 1238 1137 1128 1764 213 366 1924 3190 1319 1788 254 535 336 165 713 287 297 297 496 640 1345 1518 4092 6157 1540 1374 355 493 1317 Au Eqiv. (g/t) 0.36 0.12 0.08 1.05 1.2 0.22 0.24 0.01 0.01 1.35 2.62 1.04 1.93 0.31 0.57 5.45 9.73 0.85 1.23 1.31 2 0.19 0.14 0.71 0.91 0.43 0.85 1.22 2.35 0.41 0.53 0.25 0.25 0.67 0.95 0.34 0.54 0.21 0.41 1.72 2.6 0.79 1.1 1.31 4.03 0.11 0.06 0.22 0.08 0.11 0.11 0.14 0.18 0.81 1.26 1.83 2.92 0.57 0.49 0.1 0.15 0.75 DDH From (m) To (m) IAX-11-123 IAX-11-123 IAX-11-123 IAX-11-124 IAX-11-124 IAX-11-124 IAX-11-124 IAX-11-125 IAX-11-125 IAX-11-125 IAX-11-125 IAX-11-127 IAX-11-127 IAX-11-127 IAX-11-127 IAX-11-128 IAX-11-128 IAX-11-129 IAX-11-129 IAX-11-129 IAX-11-129 IAX-11-130 IAX-11-130 IAX-11-130 IAX-11-130 IAX-11-131 IAX-11-131 IAX-11-131 IAX-11-131 IAX-11-132 IAX-11-132 IAX-11-132 IAX-11-132 IAX-11-133 IAX-11-133 IAX-11-133 IAX-11-133 IAX-11-134 IAX-11-134 IAX-11-134 IAX-11-134 IAX-11-135 IAX-11-135 IAX-11-135 IAX-11-135 IAX-11-136 IAX-11-136 IAX-11-137 IAX-11-137 IAX-11-137 IAX-11-137 IAX-11-138 IAX-11-138 IAX-11-139 IAX-11-139 IAX-11-139 IAX-11-139 IAX-11-140 IAX-11-140 IAX-11-140 IAX-11-140 IAX-11-140 183.8 201.1 204.2 26.6 29 69.5 71 35 36 60.4 61.6 110 111 154.1 154.1 15.7 18 169.4 170 198 200.4 144.3 144.3 166 167 36 37 58.2 58.2 27 29 57 67.1 123.6 126.8 133.15 139.2 148.05 148.05 172.45 183.5 64.6 65 86.2 90.7 18.5 20.5 56.2 57 70.5 73 11.05 14 24.6 27.5 41 43 13.5 16 39 40 74.3 189.9 207.3 207.3 32.9 32.1 75.7 74.1 41.9 39.4 67.3 65 116.8 114.4 161.9 157.5 22.4 21.3 176.8 173.7 205.25 204 150.7 147.5 172.4 170.2 42.7 40.3 64.8 61.5 33.8 32.4 72.9 70.5 130.05 130.05 142.4 142.4 156 151.4 186.85 186.85 71.1 68.25 93.9 93.9 33 24.4 62.5 60.2 76.8 76.2 25.95 19 31 30.8 47.4 46.3 21.2 19.8 46.7 43.8 82 Selected intervals Horiz. Zone Name Tickness (m) UG225 NORD2 4.93 OP05 NORD1 5.01 UG225 NORD1 2.51 OP05 NORD2 5.01 UG225 NORD2 2.47 OP05 NORD1 5.02 UG225 NORD1 2.51 OP05 NORD2 5.06 UG225 NORD2 2.49 OP05 NORD1 5.04 UG225 NORD1 2.5 OP05 NORD2 5.02 UG225 NORD2 2.51 OP05 NORD1 5.75 UG225 NORD1 2.51 OP05 NORD1 5.05 UG225 NORD1 2.49 OP05 NORD2 5.03 UG225 NORD2 2.51 OP05 NORD1 5.03 UG225 NORD1 2.5 OP05 NORD2 5.06 UG225 NORD2 2.53 OP05 NORD1 5.07 UG225 NORD1 2.54 OP05 NORD2 5.06 UG225 NORD2 2.49 OP05 NORD1 4.99 UG225 NORD1 2.49 OP05 NORD2 5 UG225 NORD2 2.5 OP05 NORD1 11.65 UG225 NORD1 2.51 OP05 NORD2 5.06 UG225 NORD2 2.55 OP05 NORD1 7.27 UG225 NORD1 2.51 OP05 NORD2 5.89 UG225 NORD2 2.5 OP05 NORD1 10.79 UG225 NORD1 2.51 OP05 NORD2 4.97 UG225 NORD2 2.49 OP05 NORD1 5.94 UG225 NORD1 2.47 OP05 PIT 9.27 UG225 PIT 2.49 OP05 NORD2 4.98 UG225 NORD2 2.53 OP05 NORD1 4.99 UG225 NORD1 2.53 OP05 PIT 7.69 UG225 PIT 2.58 OP05 NORD2 5 UG225 NORD2 2.55 OP05 NORD1 5.01 UG225 NORD1 2.58 OP05 NORD1 4.99 UG225 NORD1 2.46 OP05 NORD2 5 UG225 NORD2 2.47 OP05 PIT 4.99 Thrue Tickness (m) 4.91 4.99 2.5 4.99 2.46 5 2.5 5.04 2.48 5.02 2.49 5 2.5 5.73 2.5 5.03 2.48 5.01 2.51 5.01 2.49 5.04 2.52 5.05 2.53 5.04 2.48 4.98 2.48 4.98 2.49 11.61 2.5 5.04 2.54 7.24 2.5 5.87 2.49 10.75 2.5 4.96 2.48 5.92 2.46 9.24 2.49 4.96 2.52 4.97 2.52 7.66 2.57 4.98 2.54 4.99 2.57 4.97 2.45 4.98 2.46 4.97 Au g/t Cu ppm 0.56 0.25 0.47 4.37 8.84 0.17 0.34 0.68 0.54 1.04 1.87 0 0 3.63 7.66 0.42 0.72 0.25 0.37 0.86 0.97 0.39 0.66 0.11 0.14 0.27 0.48 0.99 1.96 0 0 4.3 17.97 0.17 0.32 2.86 4.69 2.32 5.16 1.52 3.11 0.42 0.32 1.39 1.54 1.62 3.74 0.2 0.22 0.39 0.54 2.21 3.65 0.62 1.07 0.12 0.14 0.62 1.18 0.67 1.06 4.17 1332 560 912 371 621 108 186 348 365 393 557 0 0 302 488 259 435 1042 1916 200 185 1299 1646 799 1010 223 257 263 499 0 0 498 797 248 352 982 1234 236 325 359 1 1447 1235 85 93 1365 2656 51 37 92 90 149 207 178 289 331 457 59 97 838 1369 348 Au Eqiv. (g/t) 0.77 0.34 0.62 4.43 8.94 0.19 0.36 0.73 0.6 1.1 1.96 0 0 3.68 7.74 0.46 0.79 0.42 0.67 0.89 1 0.6 0.92 0.24 0.3 0.3 0.52 1.03 2.04 0 0 4.38 18.1 0.21 0.38 3.02 4.88 2.35 5.21 1.57 3.11 0.65 0.52 1.4 1.56 1.83 4.15 0.21 0.23 0.4 0.55 2.23 3.68 0.64 1.12 0.17 0.22 0.63 1.19 0.8 1.27 4.22 DDH From (m) To (m) IAX-11-140 IAX-11-141 IAX-11-141 IAX-11-141 IAX-11-141 IAX-11-141 IAX-11-141 IAX-11-144 IAX-11-144 IAX-11-144 IAX-11-144 IAX-11-145 IAX-11-145 IAX-11-145 IAX-11-145 IAX-11-146 IAX-11-146 IAX-11-146 IAX-11-146 IAX-11-147 IAX-11-147 IAX-11-147 IAX-11-147 IAX-11-148 IAX-11-148 IAX-11-148 IAX-11-148 IAX-11-149 IAX-11-149 IAX-11-149 IAX-11-149 IAX-11-150 IAX-11-150 IAX-11-150 IAX-11-150 IAX-11-150 IAX-11-150 IAX-11-152 IAX-11-152 IAX-11-152 IAX-11-152 IAX-11-153 IAX-11-153 IAX-11-155 IAX-11-155 IAX-11-155 IAX-11-155 IAX-11-156 IAX-11-156 IAX-11-157 IAX-11-157 IAX-11-158 IAX-11-158 IAX-11-160 IAX-11-160 IAX-11-160 IAX-11-160 IAX-11-160 IAX-11-160 IAX-11-160 IAX-11-160 IAX-11-161 75 10.5 10.5 59 61 116.05 121.2 406.7 406.7 453 456 592.11 594 641 644 113.9 118 165 167 332.8 335.5 415.5 420.7 441 441 542.5 542.5 72.8 75.6 113.9 117.4 42.9 42.9 84.3 88.1 95.7 97 519.7 520 552.6 553 475.63 475.63 604.3 607.8 638.6 641.1 388.08 389 287.3 288.5 18 19 27.85 32.5 71.2 71.2 109 109 129.2 130.7 690.8 78.8 19.2 14.5 66.7 65 125 125 417.65 411.2 461.8 460.4 604.65 600.3 653.5 650.3 122.1 122.1 173.2 171.1 342 340.1 426.5 425.2 452.2 446.6 561.8 547.9 84.1 79.2 121 121 57.6 46.7 92 92 109.2 100.8 527.3 523.8 560.2 556.8 484.8 479.8 623.35 614.1 644.9 644.3 396.38 393.2 295.99 292.8 24.5 22.3 35.8 35.8 77.8 74.5 115.6 112.3 135.8 134 699.09 Selected intervals Horiz. Zone Name Tickness (m) UG225 PIT 2.46 OP05 NORD1 5.58 UG225 NORD1 2.55 OP05 NORD2 5.01 UG225 NORD2 2.6 OP05 PIT 5.88 UG225 PIT 2.49 OP05 NORD1 6.14 UG225 NORD1 2.52 OP05 NORD2 5.01 UG225 NORD2 2.51 OP05 NORD1 4.99 UG225 NORD1 2.5 OP05 NORD2 5 UG225 NORD2 2.52 OP05 NORD1 5.02 UG225 NORD1 2.52 OP05 NORD2 5.1 UG225 NORD2 2.55 OP05 NORD1 5.06 UG225 NORD1 2.53 OP05 NORD2 6.1 UG225 NORD2 2.5 OP05 NORD1 5.03 UG225 NORD1 2.51 OP05 NORD2 8.99 UG225 NORD2 2.49 OP05 NORD1 7.89 UG225 NORD1 2.51 OP05 NORD2 4.97 UG225 NORD2 2.53 OP05 NORD1 9.7 UG225 NORD1 2.5 OP05 NORD2 5.03 UG225 NORD2 2.54 OP05 PIT 8.82 UG225 PIT 2.48 OP05 NORD2 4.97 UG225 NORD2 2.48 OP05 NORD1 5.01 UG225 NORD1 2.51 OP05 NORD2 5.57 UG225 NORD2 2.53 OP05 NORD2 15 UG225 NORD2 4.96 OP05 NORD1 4.98 UG225 NORD1 2.53 OP05 NORD2 4.97 UG225 NORD2 2.51 OP05 NORD2 5.01 UG225 NORD2 2.48 OP05 NORD3 5 UG225 NORD3 2.54 OP05 NORD4 6.09 UG225 NORD4 2.53 OP05 NORD3 5.04 UG225 NORD3 2.52 OP05 NORD2 5.04 UG225 NORD2 2.52 OP05 NORD1 5.04 UG225 NORD1 2.52 OP05 NORD1 5.06 Thrue Tickness (m) 2.45 5.56 2.54 4.99 2.59 5.85 2.49 6.12 2.51 4.99 2.5 4.97 2.49 4.98 2.51 5 2.51 5.08 2.54 5.04 2.52 6.07 2.49 5.01 2.5 8.95 2.49 7.86 2.51 4.95 2.52 9.67 2.49 5.01 2.53 8.79 2.47 4.96 2.47 4.99 2.5 5.55 2.52 14.94 4.94 4.96 2.52 4.95 2.51 5 2.47 4.98 2.53 6.07 2.52 5.02 2.51 5.02 2.51 5.02 2.51 5.04 Au g/t Cu ppm 7.58 0.67 1.19 0.53 0.92 1.88 1.96 1.61 1.59 0.28 0.41 0.08 0.08 0.18 0.3 0.33 0.59 0.15 0.26 0.71 1.12 0.99 1.57 0.2 0.18 4.03 12.41 0.66 0.76 0.61 0.93 0.37 0.47 1.26 2.41 1.25 1.97 0.77 0.72 0.36 0.53 0.77 1.04 2.98 5.88 1.19 2.19 0.27 0.51 0.47 0.95 0.42 0.49 0.79 0.84 0.67 1.01 0.32 0.31 0.36 0.61 0.29 292 167 132 98 150 67 44 419 519 90 31 100 116 95 122 285 383 362 486 296 386 234 272 88 83 831 2472 330 244 60 39 248 515 270 287 203 154 438 286 155 183 216 265 471 869 198 227 153 211 30 21 849 593 4546 4616 1666 1867 646 747 1440 1723 58 Au Eqiv. (g/t) 7.63 0.7 1.21 0.54 0.95 1.89 1.96 1.68 1.67 0.29 0.41 0.09 0.1 0.2 0.32 0.37 0.65 0.21 0.33 0.76 1.18 1.03 1.62 0.22 0.19 4.16 12.8 0.71 0.8 0.63 0.94 0.4 0.55 1.3 2.45 1.28 1.99 0.84 0.76 0.38 0.56 0.8 1.08 3.05 6.02 1.22 2.23 0.29 0.55 0.48 0.95 0.55 0.58 1.5 1.56 0.93 1.3 0.42 0.43 0.58 0.88 0.3 DDH From (m) To (m) IAX-11-161 IAX-11-161 IAX-11-161 IAX-11-162 IAX-11-162 IAX-11-162 IAX-11-162 IAX-11-162 IAX-11-162 IAX-11-163 IAX-11-163 IAX-11-163 IAX-11-163 IAX-11-163 IAX-11-163 IAX-11-164 IAX-11-164 IAX-11-164 IAX-11-164 IAX-11-164 IAX-11-164 IAX-11-165 IAX-11-165 IAX-11-165 IAX-11-165 IAX-11-166 IAX-11-166 IAX-11-166 IAX-11-166 IAX-11-167 IAX-11-167 IAX-11-168 IAX-11-168 IAX-11-168 IAX-11-168 IAX-11-169 IAX-11-169 IAX-11-169 IAX-11-169 IAX-11-170 IAX-11-170 IAX-11-172 IAX-11-172 IAX-11-172 IAX-11-172 IAX-11-176 IAX-11-176 IAX-11-176 IAX-11-176 IAX-11-176 IAX-11-176 IAX-11-178 IAX-11-178 IAX-11-181 IAX-11-181 IAX-11-183 IAX-11-183 IAX-11-184 IAX-11-185 IAX-11-186 IAX-11-186 IAX-11-187 694.5 755.3 755.3 217.8 218 239.75 239.75 269.4 269.4 88.65 95.4 106.15 111.4 135.7 135.7 106 106 128.4 128.4 142.75 142.75 37.3 38.3 52.8 54.8 187 194.1 198.92 198.92 576 576 61.9 65.2 75 76.5 119.8 123.1 135 137.2 96.3 98.25 614.4 617.4 650.4 650.4 569 569 629.4 631 690.2 695.1 682.6 724.6 414.6 462.6 524 562 47.8 48 275.9 326 670.6 698.6 763.4 759.3 224 221.1 245.9 242.8 275.6 272.5 98.6 98.6 114.95 114.95 142 138.9 113.7 109.3 135 131.7 149.2 146 43.9 41.6 59.5 58.1 197.37 197.37 205.5 202.2 584 580 68.45 68.45 81.5 79.7 126.3 126.3 141.5 140.5 102.78 101.5 630.7 621.1 657.4 653.9 580.2 573.5 643.2 642.4 700 700 685.6 727.6 419 466.95 528.3 566.4 102 126 279.8 329.8 674.8 Selected intervals Horiz. Zone Name Tickness (m) UG225 NORD1 2.5 OP05 NORD2 5.04 UG225 NORD2 2.49 OP05 NORD3 5.04 UG225 NORD3 2.52 OP05 NORD2 5.01 UG225 NORD2 2.49 OP05 NORD1 5.07 UG225 NORD1 2.53 OP05 NORD3 7.85 UG225 NORD3 2.52 OP05 NORD2 6.99 UG225 NORD2 2.54 OP05 NORD1 5.01 UG225 NORD1 2.55 OP05 NORD3 5.91 UG225 NORD3 2.53 OP05 NORD2 5.06 UG225 NORD2 2.53 OP05 NORD1 4.97 UG225 NORD1 2.5 OP05 NORD2 4.95 UG225 NORD2 2.47 OP05 NORD1 5.05 UG225 NORD1 2.49 OP05 NORD2 7.93 UG225 NORD2 2.5 OP05 NORD1 5.04 UG225 NORD1 2.51 OP05 NORD2 5.01 UG225 NORD2 2.51 OP05 NORD2 5.02 UG225 NORD2 2.49 OP05 NORD1 4.99 UG225 NORD1 2.46 OP05 NORD2 5 UG225 NORD2 2.46 OP05 NORD1 5 UG225 NORD1 2.54 OP05 NORD4 4.98 UG225 NORD4 2.5 OP05 NORD2 11.6 UG225 NORD2 2.63 OP05 NORD1 4.98 UG225 NORD1 2.49 OP05 NORD1 6.25 UG225 NORD1 2.51 OP05 NORD2 7.7 UG225 NORD2 6.35 OP05 PIT 5.02 UG225 PIT 2.51 UG225 NORD2 2.51 UG225 NORD1 2.51 UG225 NORD2 2.52 UG225 NORD1 2.5 UG225 NORD2 2.47 UG225 NORD1 2.51 West Zone 40.22 West Zone 54.93 UG225 NORD4 2.53 UG225 NORD3 2.48 UG225 NORD2 2.5 Thrue Tickness (m) 2.49 5.02 2.48 5.02 2.51 4.99 2.48 5.05 2.52 7.82 2.52 6.96 2.53 4.99 2.54 5.88 2.52 5.04 2.52 4.95 2.5 4.93 2.46 5.03 2.48 7.9 2.49 5.02 2.5 4.99 2.5 5 2.48 4.97 2.45 4.98 2.45 4.98 2.53 4.96 2.49 11.56 2.62 4.96 2.48 6.23 2.5 7.67 6.33 5 2.5 2.5 2.5 2.51 2.49 2.46 2.5 40.22 54.93 2.52 2.47 2.49 Au g/t Cu ppm 0.53 1.07 1.75 0.11 0.13 0.42 0.44 0.13 0.19 0.62 1 0.41 0.52 0.06 0.04 1.31 2.23 0.31 0.44 0.36 0.41 0.59 0.8 0.6 0.71 0.51 0.99 1.52 2.73 0 0 0.24 0.39 1.18 2.25 0.35 0.67 0.09 0.11 0.9 1.56 1.98 3.24 0.34 0.53 0.82 1.31 6.7 7.92 0.17 0.24 0.71 1.29 0.11 0.31 0.24 0.41 0.76 0.96 0.1 0.32 0.23 57 417 486 732 858 371 589 535 619 2725 4012 1658 2132 294 283 2074 708 2167 2904 1579 1709 1574 2383 894 1237 1114 2519 1346 1758 21 29 1388 2479 942 787 857 1292 1810 1500 3365 5758 457 823 297 465 274 180 364 413 616 753 1860 82 171 402 469 137 4167 5806 447 1422 45 Au Eqiv. (g/t) 0.54 1.13 1.83 0.23 0.26 0.47 0.54 0.22 0.29 1.05 1.62 0.67 0.85 0.1 0.09 1.63 2.34 0.65 0.89 0.61 0.68 0.84 1.18 0.74 0.91 0.68 1.38 1.73 3 0 0.01 0.45 0.78 1.33 2.37 0.48 0.87 0.38 0.35 1.42 2.46 2.05 3.36 0.38 0.6 0.86 1.34 6.75 7.99 0.27 0.35 1 1.3 0.13 0.37 0.31 0.43 1.41 1.87 0.17 0.54 0.24 DDH From (m) To (m) IAX-11-187 IAX-11-188 IAX-12-189 IAX-12-192 IAX-12-192 IAX-12-193 IAX-12-193 IAX-12-194 IAX-12-195 IAX-12-195 IAX-12-196 IAX-12-196 IAX-12-197 IAX-12-197 IAX-12-197 IAX-12-198 IAX-12-199 IAX-12-199 IAX-12-200 IAX-12-201 IAX-12-202 IAX-12-203 IAX-12-203 IAX-12-204 IAX-12-207 IAX-12-207 IAX-12-208 IAX-12-208 IAX-12-210 IAX-12-211 IAX-12-211 IAX-12-211 IAX-12-212 IAX-12-212 IAX-12-212 IAX-12-214 IAX-12-214 IAX-12-214 IAX-12-215 S-84 S-84 S-85 S-85 S-86 S-86 S-89 S-89 S-89 S-89 S-89 S-89 S-90 S-90 S-90 S-90 S-91 S-91 S-91 S-91 S-91 S-92 S-92 730.5 320.1 298.5 676.5 731.7 680.3 773.9 27.6 658 673.8 415 451.6 324 359.5 389 48.2 772.6 811 134.6 105.5 149 637.5 710.7 170.7 662.4 682.3 397 460.6 119.4 85 130.2 159 226 245.2 274 273.5 347 382 238 1.74 30.6 2.5 3.66 2.8 16.92 113.6 116 143.7 145 172 174 113.08 113.08 160.78 167.5 94.49 95.25 140.5 142 149.5 198.4 198.4 734.7 323.4 300.5 681.9 738 685.4 778.8 122.8 665.5 682 419.5 456 329.2 364.8 394.2 57.2 777.6 816 267.4 228.6 216.4 641.6 714.8 201.3 666.9 686.8 401.8 465.4 122.4 110.6 144.6 176.5 236 264 306.6 327 363.5 386 327.1 37.34 33.92 12.8 11.28 34.2 25.15 122.1 120.2 152 149.2 180 178 122.14 116.6 170.69 170.69 103.8 99.9 149.5 146.5 192.94 207 202.7 Selected intervals Horiz. Zone Name Tickness (m) UG225 NORD1 2.52 UG225 NORD4 2.52 UG225 NORD4 1.24 UG225 NORD2 2.64 UG225 NORD1 3.04 UG225 NORD1 2.49 UG225 NORD2 2.47 West Zone 65.65 UG225 NORD2 4.2 UG225 NORD1 4.6 UG225 NORD1 2.52 UG225 NORD2 2.48 UG225 NORD1 2.49 UG225 NORD2 2.55 UG225 PIT 2.51 West Zone 6.46 UG225 NORD1 2.51 UG225 NORD2 2.51 West Zone 68.6 West Zone 73.93 West Zone 43.53 UG225 NORD1 2.47 UG225 NORD2 2.48 West Zone 19.77 UG225 NORD2 2.55 UG225 NORD1 2.56 UG225 NORD1 2.51 UG225 NORD2 2.53 West Zone 2.07 West Zone 17.93 West Zone 10.13 West Zone 12.4 West Zone 7.3 West Zone 13.74 West Zone 24.04 West Zone 30.53 West Zone 9.55 West Zone 2.36 West Zone 54.87 OP05 PIT 27.36 UG225 PIT 2.55 OP05 PIT 8.95 UG225 PIT 6.62 OP05 PIT 20.67 UG225 PIT 5.42 OP05 NORD1 5.03 UG225 NORD1 2.48 OP05 NORD2 4.97 UG225 NORD2 2.52 OP05 NORD3 4.8 UG225 NORD3 2.4 OP05 NORD1 6.47 UG225 NORD1 2.5 OP05 NORD2 7.69 UG225 NORD2 2.49 OP05 NORD1 5.05 UG225 NORD1 2.52 OP05 NORD2 4.98 UG225 NORD2 2.49 OP05 PIT 24.24 OP05 NORD1 4.99 UG225 NORD1 2.48 Thrue Tickness (m) 2.51 2.51 1.24 2.63 3.03 2.48 2.46 65.65 4.18 4.58 2.51 2.47 2.48 2.54 2.5 6.46 2.5 2.5 68.6 73.93 43.53 2.46 2.47 19.77 2.54 2.55 2.5 2.52 2.07 17.93 10.13 12.4 7.3 13.74 24.04 30.53 9.55 2.36 54.87 27.26 2.54 8.92 6.6 20.59 5.4 5.01 2.47 4.96 2.51 4.78 2.39 6.44 2.49 7.66 2.48 5.03 2.51 4.96 2.48 24.15 4.97 2.47 Au g/t Cu ppm 0.57 0.19 0.68 1.4 0.88 2.64 0.5 1.03 3.83 13 1.83 1.72 1.87 0.37 0.31 0.35 0.06 0.65 1.08 0.79 0.48 0.04 1.13 0.51 2.15 0.29 2.23 0.84 0.22 0.28 0.3 0.4 0.2 0.27 0.42 0.6 0.42 0.75 0.52 2.75 18.17 2.54 3.08 1.93 4.97 0.35 0.71 0 0 0.07 0.08 2.52 4.9 0.55 1.13 0.71 1.32 0.06 0.04 0.06 0.52 1.02 38 1604 2275 677 351 1021 108 5825 1497 3459 1969 216 178 516 504 1691 36 876 6715 4302 2534 1398 927 1947 485 1320 324 913 2697 2930 3898 1346 3256 2660 1676 5621 1144 1034 2761 ----------------0 0 --------------------------- Au Eqiv. (g/t) 0.58 0.44 1.04 1.51 0.93 2.8 0.52 1.94 4.07 13.55 2.14 1.76 1.9 0.44 0.39 0.61 0.06 0.79 2.13 1.46 0.88 0.26 1.28 0.81 2.23 0.49 2.28 0.99 0.64 0.74 0.91 0.61 0.71 0.69 0.68 1.48 0.6 0.91 0.95 2.75 18.17 2.54 3.08 1.93 4.97 0.35 0.71 0 0 0.07 0.08 2.52 4.9 0.55 1.13 0.71 1.32 0.06 0.04 0.06 0.52 1.02 DDH From (m) To (m) S-92 S-92 S-93 S-93 S-93 S-93 S-94 S-94 S-94 S-94 S-95 S-95 S-96 S-96 SB-71 SB-71 SB-72 SB-73 SB-73 SB-74 SB-74 SB-76 SB-76 SB-77 SB-77 SB-77 SB-77 SB-77 SB-77 SB-78 SB-78 SB-78 SB-78 SB-79 SB-79 U1-1 U1-1 U1-1 U1-1 U1-1 U1-1 U1-10 U1-10 U1-11 U1-11 U1-11 U1-11 U1-12 U1-12 U1-13 U1-13 U1-13 U1-14 U1-14 U1-14 U1-15 U1-15 U1-16 U1-16 U1-17 U1-17 U1-18 217.8 222 209.27 210 255.9 259.7 249.3 252.4 316 317.9 6.09 7.7 42.6 42.6 10.5 18.3 10.5 17 17 22.5 29 2.93 7.41 11.4 15.2 44.4 48.2 68.7 72.5 27.2 30 36.5 41.4 36.7 36.7 0 0 11.09 15.7 27.43 39.62 0 0 4.05 5.58 30.36 33 0 0 0 4.5 12.74 0 12.19 24.8 0 0 0 0 0 3.05 0 226.2 226.2 217.3 214 263.46 263.46 276.5 256.5 324 321.9 13.8 11.58 52.51 47.1 38.5 32.3 34.8 26 21 49.3 38 27.37 15.24 19 19 52 52 76.3 76.3 33.8 33.3 48.5 44.6 43.2 39.9 5.1 4.57 25.91 18.29 53.34 48.77 9.14 7.62 15.24 8.53 37.19 35.5 12.19 2.5 11.73 8.5 21.28 1.52 30.48 27.4 9.45 3.72 3.05 2.5 12.07 6.1 7.62 Selected intervals Horiz. Zone Name Tickness (m) OP05 NORD2 5.06 UG225 NORD2 2.54 OP05 NORD1 5.1 UG225 NORD1 2.54 OP05 NORD2 4.98 UG225 NORD2 2.48 OP05 NORD2 16.9 UG225 NORD2 2.54 OP05 NORD1 5.05 UG225 NORD1 2.53 OP05 NORD1 5 UG225 NORD1 2.51 OP05 NORD3 5.56 UG225 NORD3 2.52 OP05 PIT 22.4 UG225 PIT 11.22 OP05 PIT 15.01 OP05 NORD2 5.81 UG225 NORD2 2.54 OP05 PIT 20.84 UG225 PIT 6.96 OP05 PIT 19.21 UG225 PIT 6.14 OP05 PIT 4.95 UG225 PIT 2.48 OP05 NORD2 4.95 UG225 NORD2 2.48 OP05 NORD1 4.95 UG225 NORD1 2.48 OP05 PIT 5.07 UG225 PIT 2.54 OP05 NORD2 9.23 UG225 NORD2 2.46 OP05 NORD2 5 UG225 NORD2 2.46 OP05 NORD1 4.99 UG225 NORD1 4.47 OP05 NORD2 14.51 UG225 NORD2 2.54 OP05 PIT 25.36 UG225 PIT 8.96 OP05 PIT 9.09 UG225 PIT 7.58 OP05 PIT 11.18 UG225 PIT 2.95 OP05 NORD2 6.83 UG225 NORD2 2.5 OP05 PIT 12.19 UG225 PIT 2.5 OP05 PIT 7.57 UG225 PIT 2.58 OP05 NORD2 5.51 OP05 PIT 1.5 OP05 NORD2 18.08 UG225 NORD2 2.57 OP05 PIT 9.45 UG225 PIT 3.72 OP05 PIT 3.05 UG225 PIT 2.5 OP05 PIT 12.05 UG225 PIT 3.05 OP05 PIT 7.09 Thrue Tickness (m) 5.04 2.53 5.09 2.53 4.96 2.47 16.84 2.53 5.03 2.52 4.98 2.5 5.54 2.51 22.31 11.18 14.95 5.79 2.53 20.76 6.93 19.14 6.12 4.94 2.47 4.94 2.47 4.94 2.47 5.06 2.53 9.19 2.45 4.98 2.45 4.97 4.46 14.45 2.53 25.27 8.92 9.05 7.55 11.14 2.94 6.8 2.49 12.14 2.49 7.54 2.57 5.49 1.5 18.01 2.56 9.41 3.71 3.04 2.49 12.01 3.03 7.06 Au g/t Cu ppm 14.31 28.57 0.09 0.12 1.18 2.26 1.18 3 1.86 2.67 0.04 0.08 0.88 1.57 2.15 3.62 1.87 1.55 1.76 1.49 2.73 2.36 4.95 0.39 0.6 0.17 0.17 0.09 0.19 0.51 0.68 1.12 1.74 0.3 0.26 3.5 3.83 1.61 3.54 4.32 10.28 2.88 3.32 1.85 4.64 0.81 1.42 0.57 0.84 1.04 1.7 0.61 0.34 0.98 2.48 2.51 5.79 2.4 2.55 2.09 5.15 2.27 ----------------------------------------------------------------------------------------------------------------------------- Au Eqiv. (g/t) 14.31 28.57 0.09 0.12 1.18 2.26 1.18 3 1.86 2.67 0.04 0.08 0.88 1.57 2.15 3.62 1.87 1.55 1.76 1.49 2.73 2.36 4.95 0.39 0.6 0.17 0.17 0.09 0.19 0.51 0.68 1.12 1.74 0.3 0.26 3.5 3.83 1.61 3.54 4.32 10.28 2.88 3.32 1.85 4.64 0.81 1.42 0.57 0.84 1.04 1.7 0.61 0.34 0.98 2.48 2.51 5.79 2.4 2.55 2.09 5.15 2.27 DDH From (m) To (m) U1-18 U1-19 U1-19 U1-2 U1-2 U1-2 U1-2 U1-20 U1-20 U1-21 U1-21 U1-22 U1-22 U1-23 U1-23 U1-24 U1-24 U1-25 U1-25 U1-26 U1-26 U1-27 U1-27 U1-28 U1-29 U1-29 U1-3 U1-3 U1-30 U1-30 U1-30 U1-31 U1-31 U1-32 U1-32 U1-33 U1-33 U1-34 U1-35 U1-35 U1-36 U1-36 U1-37 U1-37 U1-38 U1-38 U1-39 U1-39 U1-4 U1-40 U1-40 U1-41 U1-41 U1-42 U1-42 U1-43 U1-43 U1-44 U1-44 U1-46 U1-46 U1-47 0 0 0 0 4.57 15.24 27.43 0 0 0 0 0 0 0 0 0 4.8 3.5 6.4 0 0 0 3.6 0 0 0 4.21 21 6.1 8.5 13.72 0 0 4.1 6.6 1.52 5.5 0 0 0 0 0 0 0 0 1.52 0 7.01 1.52 0 0.46 7.62 7.62 4.57 22.86 0 0 0.82 13.72 8.75 8.75 0 2.7 9.14 9.14 10.67 7.62 49.44 49.44 22.86 19.81 13.72 6.1 6.1 3.1 7.62 2.9 9.14 9 9.14 9.14 5.49 5.49 6.1 6.1 1.52 18.29 3.5 25.15 25.15 13.72 11.2 29.57 6.1 5.9 9.14 9.14 9.14 9.14 1.55 40.15 40.15 16.15 16.15 9.33 7.5 24.69 21 36.33 23.26 7.62 16.76 16.76 16.76 13 34.14 34.14 10.52 5.1 22.16 17.59 23.47 18.5 7.62 Selected intervals Horiz. Zone Name Tickness (m) UG225 PIT 2.51 OP05 PIT 9.14 UG225 PIT 9.14 OP05 NORD2 9.81 UG225 NORD2 2.8 OP05 PIT 31.43 UG225 PIT 20.23 OP05 PIT 22.86 UG225 PIT 19.81 OP05 PIT 10.59 UG225 PIT 4.71 OP05 NORD2 4.97 UG225 NORD2 2.53 OP05 PIT 6.74 UG225 PIT 2.56 OP05 PIT 5.53 UG225 PIT 2.54 OP05 PIT 5.26 UG225 PIT 2.56 OP05 PIT 5.41 UG225 PIT 5.41 OP05 PIT 6.02 UG225 PIT 2.47 UG225 PIT 1.03 OP05 PIT 13.28 UG225 PIT 2.54 OP05 NORD2 12.43 UG225 NORD2 2.46 OP05 PIT 7.05 UG225 PIT 2.5 OP05 PIT 14.67 OP05 PIT 2.59 UG225 PIT 2.5 OP05 NORD1 5.03 UG225 NORD1 2.54 OP05 PIT 5.23 UG225 PIT 2.5 OP05 PIT 1.52 OP05 PIT 5.07 UG225 PIT 5.07 OP05 PIT 16.12 UG225 PIT 16.12 OP05 PIT 3.14 UG225 PIT 2.52 OP05 PIT 4.44 UG225 PIT 3.5 OP05 PIT 6.67 UG225 PIT 2.98 OP05 PIT 6.1 OP05 PIT 6.14 UG225 PIT 5.97 OP05 PIT 4.21 UG225 PIT 2.48 OP05 PIT 8.05 UG225 PIT 3.07 OP05 PIT 5.1 UG225 PIT 2.47 OP05 PIT 13.69 UG225 PIT 2.48 OP05 NORD2 3.8 UG225 NORD2 2.52 OP05 PIT 5.68 Thrue Tickness (m) 2.5 9.1 9.1 9.77 2.79 31.31 20.15 22.77 19.73 10.54 4.69 4.95 2.52 6.71 2.55 5.51 2.53 5.24 2.55 5.39 5.39 5.99 2.46 1.03 13.23 2.53 12.38 2.45 7.03 2.49 14.62 2.58 2.5 5.01 2.53 5.21 2.49 1.52 5.05 5.05 16.06 16.06 3.13 2.51 4.42 3.49 6.64 2.97 6.07 6.12 5.95 4.2 2.47 8.02 3.06 5.09 2.47 13.64 2.47 3.79 2.51 5.66 Au g/t Cu ppm 5.09 18.74 18.74 2.55 3.09 4.18 5.82 12.24 13.91 3.54 6.67 0.47 0.42 1.06 1.19 1.26 1.74 1.59 2.05 5.54 5.54 1.54 2.04 3.43 0.64 0.83 1.16 2.25 0.55 0.42 0.07 6.86 7.06 1.06 1.78 0.48 0.56 0.51 9.68 9.68 9.06 9.06 3.17 3.59 1.06 1.03 7.41 15.43 0.69 28.47 29.27 5.23 7.88 3.5 7.9 10.99 21.67 1.17 3.73 0.75 0.94 5.93 ----------------------------------------------------------------------------------------------------------------------------- Au Eqiv. (g/t) 5.09 18.74 18.74 2.55 3.09 4.18 5.82 12.24 13.91 3.54 6.67 0.47 0.42 1.06 1.19 1.26 1.74 1.59 2.05 5.54 5.54 1.54 2.04 3.43 0.64 0.83 1.16 2.25 0.55 0.42 0.07 6.86 7.06 1.06 1.78 0.48 0.56 0.51 9.68 9.68 9.06 9.06 3.17 3.59 1.06 1.03 7.41 15.43 0.69 28.47 29.27 5.23 7.88 3.5 7.9 10.99 21.67 1.17 3.73 0.75 0.94 5.93 DDH From (m) To (m) U1-47 U1-48 U1-48 U1-49 U1-49 U1-5 U1-5 U1-5 U1-5 U1-5 U1-5 U1-50 U1-50 U1-6 U1-6 U1-6 U1-6 U1-6 U1-6 U1-7 U1-7 U1-8 U1-8 U1-9 U1-9 U2-1 U2-1 U2-1 U2-1 U2-1 U2-1 U2-10 U2-10 U2-11 U2-11 U2-11 U2-11 U2-13 U2-13 U2-13 U2-13 U2-14 U2-14 U2-15 U2-15 U2-15 U2-15 U2-16 U2-16 U2-16 U2-16 U2-16 U2-16 U2-16 U2-17 U2-17 U2-17 U2-17 U2-18 U2-18 U2-18 U2-18 0 0 0 0 6 0 5.1 9.14 9.14 36.09 38.07 0.46 12.2 0 1.5 7.62 7.62 30.5 42.37 0.3 2.4 5.7 6.1 3.05 3.05 3.05 6.5 31 33.6 41.06 48.68 110 125 5.8 11.1 35.5 37.5 6.82 9.8 45.89 59.1 15 32.66 8.78 8.78 18.99 18.99 0 3.66 5.5 32.86 32.86 49.35 55 1.52 19.2 58.73 60.26 3.05 9.1 28.8 37.16 5.03 23.01 18.44 9.24 9.24 7.6 7.62 18.9 12.19 54.83 41.03 19.32 18.07 6.1 4 24.8 10.1 45.42 44.9 5.46 5 10.8 8.7 18.5 9.14 9.14 9.14 36.12 36.12 60.87 51.2 152.4 152.4 13.8 13.8 40.8 40.2 17.5 15 64.36 64.36 60 51.39 17.47 11.3 25.3 23.47 3.66 22.19 8.81 41.51 36.2 58.28 58.28 55.11 30.18 61.95 61.33 11.67 11.67 39.11 39.11 Selected intervals Horiz. Zone Name Tickness (m) UG225 PIT 3.75 OP05 PIT 9.75 UG225 PIT 7.81 OP05 PIT 7.21 UG225 PIT 2.53 OP05 PIT 7.59 UG225 PIT 2.52 OP05 NORD2 9.74 UG225 NORD2 3.05 OP05 NORD1 18.71 UG225 NORD1 2.96 OP05 PIT 8 UG225 PIT 2.49 OP05 PIT 6.08 UG225 PIT 2.49 OP05 NORD2 17.13 UG225 NORD2 2.47 OP05 NORD1 14.88 UG225 NORD1 2.52 OP05 NORD2 5.02 UG225 NORD2 2.53 OP05 PIT 4.95 UG225 PIT 2.52 OP05 PIT 15.42 UG225 PIT 6.08 OP05 NORD1 5.96 UG225 NORD1 2.58 OP05 NORD2 5.01 UG225 NORD2 2.47 OP05 PIT 19.39 UG225 PIT 2.47 OP05 NORD2 3.71 UG225 NORD2 2.4 OP05 NORD2 7.55 UG225 NORD2 2.55 OP05 NORD1 5 UG225 NORD1 2.55 OP05 NORD2 5.05 UG225 NORD2 2.46 OP05 NORD1 8.73 UG225 NORD1 2.49 OP05 NORD2 3.93 UG225 NORD2 1.64 OP05 PIT 8.65 UG225 PIT 2.51 OP05 NORD2 6.28 UG225 NORD2 4.46 OP05 PIT 2.81 OP05 PIT 14.25 UG225 PIT 2.55 OP05 NORD2 6.65 UG225 NORD2 2.57 OP05 NORD1 6.87 UG225 NORD1 2.52 OP05 PIT 35.56 UG225 PIT 7.29 OP05 NORD2 2.14 UG225 NORD2 0.71 OP05 PIT 8.6 UG225 PIT 2.56 OP05 NORD2 10.29 UG225 NORD2 1.95 Thrue Tickness (m) 3.73 9.71 7.78 7.18 2.52 7.56 2.51 9.71 3.03 18.64 2.94 7.97 2.48 6.06 2.48 17.07 2.46 14.82 2.51 5 2.52 4.93 2.51 15.37 6.06 5.94 2.57 4.99 2.46 19.32 2.46 3.7 2.39 7.52 2.54 4.98 2.54 5.03 2.45 8.7 2.48 3.91 1.63 8.62 2.5 6.26 4.44 2.8 14.19 2.54 6.63 2.56 6.84 2.51 35.43 7.26 2.13 0.71 8.57 2.55 10.25 1.94 Au g/t Cu ppm 8.55 4.32 5.24 1.39 2.04 2.92 5.5 1.76 3.26 1.3 3.21 1.71 2.61 1.58 2.63 0.81 3.09 1 2.91 2.03 3.19 1.08 1.57 2.75 6.01 1.9 3.29 3.61 6.63 0.7 1.38 0 0 0.52 0.73 0.44 0.53 0.64 0.85 0.19 0.27 0.32 0.54 0.84 1.06 3.82 5.31 0.34 0.89 1.45 1.71 2.37 0.62 0.93 3.26 3.35 6.85 19.54 1.15 2.03 0.48 0.69 --------------------------------------------------------------0 0 ----------------------------------------------------------- Au Eqiv. (g/t) 8.55 4.32 5.24 1.39 2.04 2.92 5.5 1.76 3.26 1.3 3.21 1.71 2.61 1.58 2.63 0.81 3.09 1 2.91 2.03 3.19 1.08 1.57 2.75 6.01 1.9 3.29 3.61 6.63 0.7 1.38 0 0 0.52 0.73 0.44 0.53 0.64 0.85 0.19 0.27 0.32 0.54 0.84 1.06 3.82 5.31 0.34 0.89 1.45 1.71 2.37 0.62 0.93 3.26 3.35 6.85 19.54 1.15 2.03 0.48 0.69 DDH From (m) To (m) U2-19 U2-19 U2-19 U2-19 U2-2 U2-2 U2-2 U2-2 U2-2 U2-2 U2-20 U2-20 U2-21 U2-21 U2-21 U2-21 U2-22 U2-22 U2-24 U2-24 U2-24 U2-24 U2-25 U2-25 U2-26 U2-26 U2-26 U2-26 U2-27 U2-27 U2-29 U2-29 U2-3 U2-3 U2-30 U2-30 U2-31 U2-31 U2-31 U2-31 U2-31 U2-31 U2-33 U2-33 U2-34 U2-34 U2-37 U2-37 U2-37A U2-37A U2-4 U2-4 U2-40 U2-40A U2-40A U2-40A U2-40A U2-40A U2-40A U2-41 U2-41 U2-42 7.04 21.88 28.63 29.63 0 4.11 13 14 30 30.48 0 22.52 18.29 20.3 37.03 42.3 0 3.66 3.05 23.23 56.08 58 32.61 37.19 13.93 23.01 41.88 41.88 7.16 7.16 22.13 29.57 9.36 24 13.17 13.17 3.71 6.71 34.5 35.1 58.22 58.22 12.95 19.05 3.61 24.54 21.5 71.7 0 119 9.15 31.88 0 0 21 51.36 55.6 86.26 86.26 6.71 6.71 7.92 28.1 26.58 37.16 35.51 9.3 8.84 18.5 16.7 32.7 36.58 30.48 29.57 24.38 22.86 44.84 44.84 27.28 9.94 37.06 32.49 66.75 63.6 41.76 40.23 25.54 25.54 47 44.93 12.3 9.7 37.95 35.66 40.2 32.58 18.04 15.7 13.47 9.2 39.6 37.6 63.3 60.7 30.11 27.65 52.49 52.49 108.2 100 294.6 293.7 55.47 51.18 32.54 35.05 25.9 61.72 60.5 89 89 20.73 10.8 46.18 Selected intervals Horiz. Zone Name Tickness (m) OP05 PIT 16.19 UG225 PIT 3.61 OP05 NORD2 6.56 UG225 NORD2 4.52 OP05 NORD1 8.56 UG225 NORD1 4.35 OP05 NORD2 5.06 UG225 NORD2 2.49 UG225 PIT 2.49 OP05 PIT 5.62 OP05 PIT 19.57 UG225 PIT 4.53 OP05 PIT 6.09 UG225 PIT 2.56 OP05 NORD2 7.81 UG225 NORD2 2.54 OP05 PIT 17.81 UG225 PIT 4.1 OP05 PIT 14.97 UG225 PIT 4.07 OP05 NORD2 4.7 UG225 NORD2 2.46 OP05 PIT 1.52 UG225 PIT 0.5 OP05 PIT 11.37 UG225 PIT 2.48 OP05 NORD2 5.01 UG225 NORD2 2.99 OP05 PIT 5.02 UG225 PIT 2.48 OP05 PIT 12.84 UG225 PIT 4.94 OP05 PIT 8.93 UG225 PIT 2.49 OP05 PIT 4.79 UG225 PIT 2.49 OP05 PIT 9.66 UG225 PIT 2.46 OP05 NORD2 5.05 UG225 NORD2 2.47 OP05 NORD1 5.03 UG225 NORD1 2.45 OP05 PIT 1.5 UG225 PIT 0.75 OP05 PIT 4.28 UG225 PIT 2.45 OP05 NORD2 7.59 UG225 NORD2 2.48 OP05 NORD2 8.09 UG225 NORD2 2.44 OP05 PIT 1.54 UG225 PIT 0.64 OP05 PIT 16.21 OP05 PIT 17.98 UG225 PIT 2.51 OP05 NORD2 5.31 UG225 NORD2 2.51 OP05 NORD1 1.41 UG225 NORD1 1.41 OP05 PIT 8.75 UG225 PIT 2.55 OP05 PIT 18.18 Thrue Tickness (m) 16.13 3.6 6.53 4.5 8.53 4.34 5.04 2.48 2.48 5.59 19.5 4.51 6.06 2.55 7.78 2.53 17.74 4.08 14.91 4.06 4.68 2.45 1.51 0.5 11.32 2.47 4.99 2.97 5 2.47 12.79 4.92 8.9 2.48 4.78 2.48 9.62 2.45 5.03 2.46 5.01 2.44 1.5 0.75 4.26 2.44 7.56 2.47 8.06 2.43 1.54 0.64 16.14 17.91 2.5 5.29 2.5 1.4 1.4 8.72 2.54 18.11 Au g/t Cu ppm 1.21 1.99 1.67 2.02 1.22 2.14 0.14 0.16 0.92 0.73 1.38 3.13 0.51 0.55 0.6 1.33 1.38 3.47 2.01 5.2 1.08 1.56 0.8 1.2 0.97 1.99 1.36 2.06 0.34 0.4 1.58 3.08 1.36 1.74 1.29 1.09 0.95 1.83 0.32 0.49 0.41 0.84 4.52 7.64 3.29 5.06 0.74 1.32 0.63 0.77 1.16 1.76 0.12 0.64 0.6 2.39 3.86 1.48 1.48 3.04 8.96 0.51 ----------------------------------------------------------------------------------------------------------------------------- Au Eqiv. (g/t) 1.21 1.99 1.67 2.02 1.22 2.14 0.14 0.16 0.92 0.73 1.38 3.13 0.51 0.55 0.6 1.33 1.38 3.47 2.01 5.2 1.08 1.56 0.8 1.2 0.97 1.99 1.36 2.06 0.34 0.4 1.58 3.08 1.36 1.74 1.29 1.09 0.95 1.83 0.32 0.49 0.41 0.84 4.52 7.64 3.29 5.06 0.74 1.32 0.63 0.77 1.16 1.76 0.12 0.64 0.6 2.39 3.86 1.48 1.48 3.04 8.96 0.51 DDH From (m) To (m) U2-42 U2-44 U2-44 U2-5 U2-5 U2-7 U2-7 U2-7 U2-7 U2-8 U2-8 U2-8 U2-8 8.5 0 5 7.62 19 10.85 10.85 48.7 54.5 9.4 10.7 29.25 31.8 13.8 12.19 10 32.92 32 16.7 13.8 57.45 57.45 14.5 13.2 34.29 34.29 Selected intervals Horiz. Zone Name Tickness (m) UG225 PIT 2.52 OP05 NORD1 6.04 UG225 NORD1 2.48 OP05 PIT 4.83 UG225 PIT 2.48 OP05 NORD2 5.01 UG225 NORD2 2.53 OP05 NORD1 7.49 UG225 NORD1 2.53 OP05 NORD2 5.1 UG225 NORD2 2.5 OP05 NORD1 5.04 UG225 NORD1 2.49 Thrue Tickness (m) 2.51 6.02 2.47 4.81 2.47 4.99 2.52 7.47 2.52 5.08 2.49 5.02 2.48 Au g/t Cu ppm 1.67 7.1 17.31 1.35 2.08 1.77 3.34 0.61 0.9 0.71 0.85 0.5 0.69 --------------------------- Au Eqiv. (g/t) 1.67 7.1 17.31 1.35 2.08 1.77 3.34 0.61 0.9 0.71 0.85 0.5 0.69 Geologica Groupe – Conseil Inc. APPENDIX III – LONGITUDINAL SECTIONS st NI 43-101 Technical Report on the Akasaba Project – March 1 , 2013 Alexandria Minerals Corp. XXX