1.3Mb - Mindoro Resources Ltd
Transcription
1.3Mb - Mindoro Resources Ltd
MINDORO RESOURCES LTD. KAY TANDA PROSPECT ARCHANGEL PROJECT BATANGAS PROVINCE, PHILIPPINES LAT. 13O 38' 0"N, LONG. 120O 18' 30"E GEOLOGY AND PRECIOUS METAL RESOURCE ESTIMATES David G. Bailey, Ph.D., P.Geo., F.Aus.I.M.M. BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD. North Vancouver, British Columbia, Canada Steven T. Carty, B.Sc. (Hons.), M.Aus.I.M.M. GEOLOGICAL CONSULTANT Manilla, Philippines January 2, 2003 MINDORO RESOURCES LTD. KAY TANDA PROSPECT ARCHANGEL PROJECT BATANGAS PROVINCE, PHILIPPINES LAT. 13O 38' 0"N, LONG. 120O 18' 30"E GEOLOGY AND PRECIOUS METAL RESOURCE ESTIMATES By David G. Bailey, Ph.D., P.Geo., F.Aus.I.M.M. BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD. North Vancouver, British Columbia, Canada Steven T. Carty, B.Sc. (Hons.), M.Aus.I.M.M. GEOLOGICAL CONSULTANT Manilla, Philippines January 2, 2003 i Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect CONTENTS Page No. 1. SUMMARY 1 2. CONCLUSIONS 3 3. RECOMMENDATIONS 4 4. INTRODUCTION 5 4.1 General Statement 5 4.2 Location, Access and Physiography 5 4.3 Mineral Tenements 5 5. PREVIOUS WORK 7 6. GEOLOGY 8 6.1 Regional 8 6.2 Geology of the Archangel Area 8 6.3 Mineralization and Alteration 9 7. 8. 9. DRILL HOLE AND ASSAY RECORDS VERIFICATION 14 7.1 General Statement 14 7.2 Field Visit 14 7.3 Assay Data Verification 15 7.4 Conclusion 16 KAY TANDA RESOURCE ESTIMATE 18 8.1 General Statement 18 8.2 Database 18 8.3 Estimation Procedure 19 8.4 Gold Distribution 19 8.5 Gold Cut-off Grade 22 8.6 Geological Model on which the Resource Estimate is Based 22 8.7 Resource Estimate 23 DISCUSSION 27 9.1 General Statement 27 9.2 Exploration Model 27 9.3 Quality Control 28 10. REFERENCES 30 11. CERTIFICATES 31 B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . ii Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect CONTENTS (cont.) Page No. FIGURES 1. 2. 3. 4. 5. 6. 7. 8. 9. Philippine archipelago and location of the Archangel project. Main tectonic elements of the Philippine archipelago (from Cirbett, 1996). Regional geology of southern Batangas (from Corbett, 1996). Generalized lithologies of the area in which the Kay Tanda prospect occurs (From Chase Minerals (Philippines) Corporation, unpublished report, 1996). Note the northeasterly alignment of early workings. Kay Tanda and Pulang Lupa prospects: drill hole locations and anomalous gold in soils. Drawing supplied by Mindoro from work by Chase. Histogram of gold values from reverse circulation drilling at Kay Tanda. Frequency distribution of gold values from reverse circulation drilling at Kay Tanda. Resource blocks and thickness contours of oxidized zone of the Kay Tanda prospect. Schematic section through Kay Tanda showing a possible interpretation of the configuration of precious metal mineralization. 6 11 12 13 17 20 21 25 28 TABLES 1. 2. Precious metal resource estimate - Kay Tanda oxide zone (0.2 g/t gold cut-off) Precious metal resource estimate - Kay Tanda sulphide zone (0.2 g/t gold cut-off) 24 25 APPENDICES A B C Reverse circulation drill hole data - Chase Resources Corporation Diamond drill hole data - Western Mining Corporation Summary reverse circulation drill hole sections B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 1 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 1. SUMMARY The Kay Tanda prospect, part of the Archangel project area of Mindoro Resources Ltd., is located about 150 km south southeast of Manilla in the Philippines within the southeastern part of Batangas Province and is accessible by road from the city of Batangas. The prospect is in an area of moderate relief and enjoys a tropical climate with a somewhat pronounced wet season between June and October. The Archangel area is covered by a Mineral Prospect Sharing Agreement that covers 981 hectares. Two areas of gold mineralization have been outlined within the Archangel project area, that of Pulang Lupa and Kay Tanda; the gold resource estimated herein applies only to the Kay Tanda area. Earliest exploitation of the mineral resources of the area was undertaken by Chinese miners who were later displaced by Spanish colonists. During Japanese occupation of the Philippines during WWII some mining was carried on copper mineralization at Archangel but since that time no further mining activities appear to have been undertaken. Western Mining Corporation subsequently carried out an exploration programme over the area (1987) and drilled three diamond holes at Kay Tanda. This work was followed up in 1996 by Chase Minerals Ltd. who drilled nine reverse circulation holes at Kay Tanda and four at Pulang Lupa, to the west of Kay Tanda Mindoro acquired the rights to explore the Archangel area in 2000. The Archangel project area lies to the west of the Philippine Fault, a major transcurrent fault that extends the length of the Philippine archipelago and which essentially separates two terranes of differing age and tectonic history. In the Batangas region where the Archangel project is located a major west northwest-striking curvilinear structure termed the Laiya Fault separates older rocks to the northeast from a younger (Miocene - Recent) assemblage of volcanic rocks and associated sedimentary strata to the southwest. Oldest rocks exposed in the area are hornblende andesite tuff and breccia and which, in the eastern part of the project area, appear to be overlain by dacite which, however, may in part be intrusive. Younger volcaniclastic and epiclastic sediments and reefal carbonates overlie both dacitic and andesitic rocks. Mineralization in the Archangel area is probably related to intermediate to felsic intrusions at depth and is of epithermal high sulphidation precious metal type. To the west of Archangel at Lobo several quartz-barite veins with high gold and copper values are typical of this mineralization type. Copper mineralization within a dioritic intrusion in the southern part of the Archangel project area is possibly genetically related to structurally higher gold and silver mineralization within a zone of silicification that appears to overlie a zone of advanced argillic and sericitic alteration, typical of intrusion-related mineralization in the Philippine archipelago. The locations of drill holes of Chase and WMC were confirmed in the field. Laboratory analyses of reverse circulation drill samples were also verified by a visit to McPhar Laboratories BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD. Page 2 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect in Manilla, the laboratory that carried out the Chase drill sample analyses. WMC data is not available for checking at this time. Gold and silver resources were estimated for the near-surface oxide zone at Kay Tanda. Because of the low grade of mineralization in this zone, a cut-off of 0.2 g/t gold was applied to the data because of unknown accuracy and precision and the likelihood that accuracy and precision decreases markedly at low metal values. The specific gravity of the mineralized rock was assumed to be 2.5 g/cc - this may be high for oxide mineralization owing to the possibility of a significant clay content and, thus, tonnage figures for the oxide zone may be less than stated. However, 2.5 g/cc is thought to be probably representative of the density of unoxidized rock. Resource estimates were made using a standard polygon interpolation method. The thickness of the oxide zone in WMC drill holes is not stated in the data available and so oxide thickness intersected by WMC drill holes was extrapolated from neighbouring reverse circulation holes. All drill holes were directed to the east or were vertical except for one hole, CA-4, which was drilled to the west. This hole failed to intersect gold mineralization at grades of greater than 0.2 g/t gold in the oxide zone although significant gold grades were intersected in this hole within unoxidized mineralization. Oxide mineralization is estimated to comprise about 6,300,000 tonnes at a grade of 0.48 g/t gold and 4.4 g/t silver. The underlying sulphide mineralization is estimated to contain about 10,700,000 tonnes at 0.79 g/t gold and 1.3 g/t silver. This equates to a total inferred gold resource of about 370,000 ounces plus silver at a grade of 0.68 g/t gold and 2.48 g/t silver. Given the lack of quality control on the data used in these estimates and the assumptions made with respect to specific gravity, oxide thickness in WMC diamond drill holes and the configuration of zones of sulphide mineralization, these estimates may be quite inaccurate. The potential for increasing tonnage, and perhaps grade, depends on whether the zone of silicification is hypogene and down faulted to the east, a possibility suggested by the regional structural geology or whether it is supergene and of limited extent due, perhaps, to erosion on the eastern side. Both the thickness of the oxide and sulphide zones and grades appear to increase to the east and further work is warranted in this area. BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD. Page 3 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 2. CONCLUSIONS 1. The Kay Tanda prospect of the Archangel project area may contain about 17,000,000 tonnes of mineralized material at an weighted average grade of about 0.68 g/t gold and 2.98 g/t silver, using a 0.2 g/t gold cut-off. However, because of unknown accuracy and precision of the analytical data, the lack of specific gravity measurements and the paucity of data on geological controls of mineralization, these estimates must be viewed as extremely approximate and may vary widely from a true tonnage and grade. 2. Two possible mineralization models are considered to be appropriate for Kay Tanda. If silicification is supergene in origin and is preserved only in upland areas, there seems little possibility of increasing the tonnage of oxidized material significantly. If, however, silicification is hypogene the possibility exists of a down-faulted zone of silicification being preserved to the east. In the latter case the potential for the discovery of additional tonnages of sulphide-bearing material underlying oxidized rock to the east of the area drilled is also considered to be reasonable. 3. Mineralization was probably controlled by the permeability and porosity of the host rock. As suggested by gold intersections in drill hole CA-4, there may be at least two levels of precious metal mineralization associated with sulphides. 4. There is a good possibility that precious metals at Kay Tanda were deposited from solutions passing up northeasterly-striking extension faults or fracture systems and that grade may increase towards such structures. 5. Mineralization at Pulang Lupa to the west of Kay Tanda is probably of similar type to that at Kay Tanda and potential exists at Pulang Lupa to define similar grades and tonnages as at Kay Tanda. B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 4 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 3. RECOMMENDATIONS 1. Before any further drilling is contemplated at Kay Tanda detailed geological mapping should be undertaken if possible, given that in tropical terrains commonly deep weathering and a paucity of outcrop often makes this task difficult. However, construction of a geological model of mineralization and its controls should be attempted in order to direct any future drilling programme. 2. A systematic quality control programme should be initiated and adhered to during any additional drilling. This programme should include the collection of a statistically meaningful number of duplicate samples that should be numbered randomly before submission to a laboratory. In addition, replicate samples should be routinely taken, especially if drilling is by reverse circulation, and blanks (and/or standards) should be included in each sample batch. Interlaboratory checks should also be standard practice. 3. It is also recommended that, if further drilling is undertaken, some of the Chase holes be twinned so that in any future resource or reserve estimate the Chase data may possibly be incorporated in the new data set. 4. Sufficient samples should be collected for specific gravity measurements and the tonnages given herein recalculated to reflect the more accurate rock density data. 5. Any further work should also test the possibility that northeasterly-striking extensional structures controlled the loci of precious metal deposition and that, at Kay Tanda, one such structure may exist in the area that has been drilled or to the east. 6. Further work is warranted at Pulang Lupa in an effort to define the geology and controls of mineralization in this area. B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 5 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 4. INTRODUCTION 4.1 General Statement This report, prepared at the request of Mr. J.A. Climie of Mindoro Resources Ltd. (“Mindoro”), provides a precious metal resource estimate of the Kay Tanda prospect located within the Archangel area of the northern Philippines (Figure 1). The property is the subject of an agreement between Mindoro Resources Ltd. and Egerton Gold Phils. Inc. whereby Mindoro may earn up to a 75% interest in the property. On achieving production Egerton Gold Phil. Inc. has the right to participate at the 25% level or convert that interest to a 2% gross smelter royalty. The Archangel area has seen former production but, at this stage, does not contain any known economic mineral deposits or ore reserves. Areas of responsibility for this report are: 1). Mr. Stephen Carty, M.Aus.I.M.M. carried out a field visit to the Archangel project area to confirm drill hole locations and subsequently visited the offices of McPhar Laboratories, Makati, Philippines to verify assay data. Mr. Carty’s report is include as Section 7, herein. 2). Dr. David Bailey, P.Geo., F.Aus.I.M.M. of Bailey Geological Consultants (Canada) Ltd. carried out the resource estimate and prepared the bulk of the report. 4.2 Location, Access and Physiography The Kay Tanda prospect lies within the Archangel project area of Batangas Province (Figure 1) centred at about latitude 13o 38' 0"N and longitude 120o 18' 30" E. The prospect area is accessible by road from the city of Batangas to the west of the prospect area via the town of Lobo although the road from Lobo to the Archangel area may be difficult to negotiate during the wet season. The topography of the area is moderate to steep although maximum relief is only about 300 metres. Primary forest of the region has largely been logged and a secondary growth of a thorny scrub and grasses now covers much of the area. The climate of the region is tropical with a wet season between June and October. The region is also prone to typhoons commonly during the period July to September. 4.4 Mineral Tenements The Archangel area is covered by a Mineral Prospect Sharing Agreement (“MPSA”) covering 981 hectares (Mindoro news release, July 31, 2002). The writers have not confirmed the current status of this MPSA. B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 6 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 120° 124° Batan Islands Basco 20° Luzon Strait Babuyan Islands Claveria Aparri Santa Ana Laoag Bangued Tabuk Vigan CAGAYAN VALLEY La Trinidad Bontoc ILOCOS Bolinao Bayombong Cabarroguis Baguio CENTRAL LUZON Iba Philippine Sea 16° Baler Palayan Cabanatuan Tarlac Angeles San Fernando Olongapo Balanga Scarborough Luzon Dagupan San Jose Lingayen Shoal Ilagan Lagawe San Fernando South China Sea Tuguegarao Polillo Islands Malolos Manila Pasig Mariveles Trece Martires Nasugbu Batangas Santa Cruz Daet Pandan Catanduanes Island Lucena Boac Calapan ARCHANGEL PROJECT AREA Mamburao Virac BICOL Legazpi Marinduque Mindoro Naga Pili Sorsogon Sibuyan Sea SOUTHERN TAGALOG Bulan Romblon Busuanga Island Mansalay Allen Masbate Mandaon Calamian Group Samar Roxas Borongan EASTERN VISAYAS Visayan Sea Tacloban Daanbantayan Guiuan Ormoc Cuyo Island Iloilo Leyte Bacolod San Jose de Buenavista La Carlota as sa ge 12° Placer Kalibo Panay Pa law an P Palapag Catbalogan Coron Quezon Catarman Cebu WESTERN VISAYAS Cebu Maasin CENTRAL VISAYAS Siargao Island Panay Gulf Puerto Princesa Bohol Sea Palawan Dumaguete Mambajao Siquijor Siaton Brookes Point Butuan Dapitan Oroquieta Dipolog Iligan Ozamis Balabac Pagadian Ipil Prosperidad Cagayan de Oro Malaybalay Zamboanga Isabella Sandakan Malaysia Indonesia Tagum Cotabato Moro Gulf Cagayan Sulu Island Jolo Jolo Island Maganoy Basilan 8° Tubud Marawi WESTERN MINDANAO Kudat Tandag NORTHERN MINDANAO Sulu Sea Balabac Island Bohol Tagbilaran Negros Surigao Kidapawan Isulan Davao Mati Digos CENTRAL MINDANAO Koronadal SOUTHERN MINDANAO Mindanao General Santos Basilan Island Tawitawi Island Balimbing o lag ipe rch A lu Su Celebes Sea Karakelong (Indonesia) Figure 1. Philippine archipelago and location of the Archangel project. BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD. Page 7 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 5. PREVIOUS WORK Earliest records of mining in the Archangel area described by Spanish settlers and recorded in “The History of the Philippine Islands”, a series of volumes translated into English from Spanish and Filipino archives (in Miguel et al, 1997). Spanish mining activities postdated earlier work by Chinese miners - evidence of some of these early activities is preserved within the Kay Tanda area. During Japanese occupation of the Philippines in the period 1940 - 1945 exploration was conducted in the Kay Tanda area but it appears that the Japanese undertook only minor exploitation of metal deposits within the area (Avila, 1980). In the 1970's the Japanese corporation, Sumitomo, carried out soil geochemical surveys and geophysics in the Archangel area and drilled two holes in the search for porphyry copper mineralization. According to Buenavista (1992), no significant mineralization was encountered during this drilling programme. In 1980 the Philippine Bureau of Mines carried out a reconnaissance geological survey of the southern Batangas province and which included the Kay Tanda area of this report (Avila, 1980). In 1987 Western Mining Corporation (“WMC”) initiated a geochemical exploration programme in the southern Batangas region. This programme resulted in the recognition of a zone of gold mineralization at Kay Tanda that was tested by WMC by three diamond drill holes, ARD 4a and 4b and ARD 6 (Figure 7) (holes ARD 4a and 4b were drilled from the same setup but at different angles). Chase Resource Corporation, through its wholly owned Philippine company, Chase Minerals (Phils.) Corp., subsequently obtained rights to explore the Kay Tanda area under agreements with the claim holders and in 1997 drilled thirteen reverse circulation holes in the area, nine at Kay Tanda and four at Pulang Lupa (Figure 4). The results of this drill programme form the basis for the resource estimate given below. The locations of Chase’s Kay Tanda drill holes are shown in Figures 4 and 7: analytical results and drill hole coordinates are listed in Appendix A. Mindoro acquired the right to earn an interest in the Archangel project in 2000 and is currently evaluating the area in terms of further exploration. B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 8 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 6. GEOLOGY 6.1 Regional The Archangel area lies within a belt of Upper Tertiary (Miocene-Pliocene) volcanic rocks and associated sedimentary strata formed as a result of the easterly-directed subduction of oceanic crust along the Manila Trench to the west of the northern part of the Philippine archipelago (Figure 2). The region occurs to the southwest of the Philippine Fault, a major transcurrent fault that effectively separates two terranes of differing age and tectonic history (Figure 2). In the Batangas region a west northwest structure termed the Laiya Fault (Avila, 1980) marks the boundary between andesite and intrusive complexes to the northwest and younger volcanic and associated strata to the southeast (Figure 3). It is within this younger group of rocks to the southwest of the Laiya Fault that the Archangel Project, Lobo and other zones of mineralization occur. The southwestern block is cut by two sets of fractures, a northwesterly-trending set of fractures and faults and a northeasterly-trending set that Corbett and Leach (1998) refer to as transfer structures. These are deep-seated structures thought to have formed in response to varying subduction rates of the down-going plate and the writer considers that they may represent the upwards expression of subducting transform faults within the underlying oceanic plate. These are important in controlling the loci of mineralization in the overlying plate and their recognition is significant in regional evaluations. Within the Batangas region three such transfer structures have been recognised, the Taysan transfer structure that appears to have controlled the Talahib-Tibig porphyry systems and two transfer structures that have controlled the location of the Lobo zones of mineralization and the Archangel zones of mineralization (Figure 5) (Corbett, 1996). All known metallic mineralization of the region appears to be related to intermediate to felsic intrusive bodies that have been emplaced at high structural levels. Porphyry coppergold deposits are directly related to the evolution of these intrusions and high-sulphidation epithermal systems such as at Lobo and Archangel were probably formed from metalliferous acid solutions derived from these intrusions as they cooled. 6.2 Geology of the Archangel Area The Archangel area is underlain by a suite of Miocene-Pliocene volcanic rocks that are unconformably overlain by limestone and andesitic tuff and breccia of Quaternary age. Oldest rocks exposed are known as the Talahib hornblende andesite of Middle Miocene age and which adjoin dacitic rocks which are exposed in the eastern part of the project area (Figure 4) that may be of Upper Miocene or Lower Pliocene age. The dacite may, at least B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 9 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect in part, represent a high level intrusion rather than being eruptive. Overlying these rocks is Quaternary limestone and which, in turn, is overlain by andesitic volcanic rocks comprising mainly airfall tuff and breccia. These volcanic strata have been termed the Lobo andesite (Miguel at al, 1997) . The structural geology of the Archangel area is poorly understood at this time. However, to some degree topographic lineaments and the attitudes of Miocene volcanic strata may reflect inferred northeasterly-striking faults that may be part of the Archangel transfer structure of Corbett (1996). Northwesterly-striking faults that have been recognised to the west of the Archangel area probably extend into the Archangel area and may have had some influence on the control of drainage channel development in the area. 6.3 Mineralization and Alteration The region hosts several precious metal deposits of epithermal aspect of which one, Lobo, is currently being examined by Mindoro. The Lobo area consists of a northeasterlystriking system of quartz veins that have been mined in the past for their gold and silver content. Recent work has established the presence of two main quartz-barite veins that are believed to extend over a strike length of two kilometres (Mindoro News Release, September 16, 2002) and which, in places are reported to contain extremely high copper values and associated precious metals (e.g. up to 21.6% copper, 3.36 g/t gold and 790 g/t silver Mindoro News Release, op. cit.). Records of previous mining activities indicate widths of one of these veins (the Sampson vein) of up to 19 metres (Philippine Mining Journal, July 1967). Within the Archangel project area there is little information on the mineralization that was exploited initially by Chinese workers and later by the Spanish. Avila (1980) describes several occurrences of copper mineralization in the region but it is not clear from his report where these occurrences are located. In the southwestern part of the Archangel project area is a quartz diorite with associated copper staining and which may represent porphyry-style mineralization. The rocks here have undergone phyllosilicate hydrothermal alteration. The style of mineralization at Kay Tanda, and to the west at Pulang Lupa, both within the Archangel tenement area (Figure 3) appears to be that of disseminated sulphides with anomalous gold and silver within an essentially flat-lying zone of silicification within andesite and which overlies zones of clay and sericite alteration. The silica alteration zone displays features indicative of acid leaching such as the development of a vuggy character but it is not yet clear whether this leaching is of hypogene origin or whether it is the result of supergene acid solutions generated by the oxidation of sulphides. However it appears from drilling to date that only the top 10 - 30 or 40 metres of this zone is oxidized; at lower levels B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 10 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect silicification is accompanied by sulphides. In this report gold resources in oxidized rock and in unoxidized sulphide-bearing rock are estimated separately given the probable differing physical properties of oxide- and sulphide-bearing auriferous material. . B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 11 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect Figure 2. Main tectonic elements of the Philippine archipelago (from Corbett, 1996). BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD. Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect Figure 3. Regional geology of southern Batangas (from Corbett, 1996). Page 12 BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD. Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 1210 18’ 1210 19’ Page 13 LEGEND QUATERNARY Andesitic pyroclastic breccia Limestone 130 38’ MIOCENE Dacite - possibly partly intrusive Andesitic tuff and breccia Propylitic alteration KAY TANDA Silicification Phyllic alteration u u Chinese/Spanish workings Lease boundary u uu u 130 38’ N 200 South China Sea METRES Figure 4. Generalized lithologies of the area in which theKay Tanda prospect occurs (from Chase Minerals (Philippines) Corporation, unpublished report, 1996). Note the northeasterly alignment of early workings. BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD. Page 14 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 7. DRILL HOLE AND ASSAY RECORDS VERIFICATION (See Notes Below) 7.1 General Statement Mr. J.A. Climie of Mindoro Resources requested one of the writers (STC) to: (i) visit Mindoro's Archangel project in Batangas for the purpose of independent verification of the existence of drill hole collars from Chase Minerals' RC drilling programme in the area, and (ii) to independently verify that Chase's assay records from that programme are in agreement with the McPhar assay laboratory records. This section details the work undertaken to complete both of these tasks. 7.2 Field Visit Accompanied by Mr. Edsel Abrasaldo, Mindoro Resources' geologist, and Mr Jesse Miguel, Former Archangel project geologist with Chase Minerals, the writer traveled to the project site, specifically the Kay Tanda prospect, on July 31,2002. The seven Chase RC and one WMC diamond drill hole collars identified at the Kay Tanda prospect were as follows : Chase RC collars : CA-01.-02,-03,-04,-05,-06 and -09 WMC diamond collar : ARD-6 The drill hole collars were located and identified by (1) the presence of PVC collar piping left in the hole by the drilling contractor, East-West drilling, and (2) by the 2 metre composite bulk samples left at each drill site by Chase after splitting to obtain the sample to be sent for analysis at the McPhar laboratory in Manila. Surprisingly, even though a lot of the plastic sample bags had decayed since the holes were drilled in 1997, there were sufficient numbers of bags at each hole location with legible hole numbers, sample intervals and sample numbers for the undersigned to be 100% confident that the drill hole was one of those drilled by Chase. The WMC hole was inferred to be ARD-6 because of its correct position relative to Chase hole CA-05, as indicated in the Chase project report made available to the writer. The writer is confident that the positions assigned for the other WMC holes shown in the Chase report are also correct. Photographs were taken of each of the seven Chase drill sites, including a poster with the drill hole I.D. signed by the writer to confirm his visit to each drill site , and a photo of the bulk samples at each drill site with legible hole number, sample interval and sample numbers. Originals of these photos are retained by Mindoro at its Manila office. B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 15 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect GPS readings were taken at each drill site but these were considered to be unreliable owing to poor weather conditions on the day of the site visit. The relative positions of the Chase RC holes did however agree with their positions as shown in Chase's project report made available to the writer. According to Mr Jesse Miguel, the RC 2 metre composite bulk samples were split on site using a Jones splitter and 2-3kg sample splits were delivered to McPhar by Chase's own vehicle. 7.3 Assay Data Verification On August 01, 2002, the writer visited the McPhar office in Manila to check the veracity of the Chase assay records. McPhar's original assay certificates for the Kay Tanda drill hole samples were destroyed in a fire at McPhar's laboratory in 1997 but they were able to provide access to their digital assay record back-ups. In all thirteen holes drilled by Chase, their reported gold and silver assay data agree with the McPhar records. The sample numbers found on the plastic sample bags at the seven drill hole collar locations identified in the field by the writer on July 31 were used as a further check against the sample numbers for each batch of Chase's samples. Again, the sample numbers agreed with those in the McPhar records. McPhar provided copies of their digital assay records for the thirteen batches representing the thirteen drill holes completed by Chase. Mr Art del Mundo, Chief Chemist at McPhar, confirmed that the analyses carried out on the Chase samples were as follows : Au : 50 gram fire assay with AAS finish Ag, Cu, Pb, Zn : 3-acid digestion on 1 gram sample with AAS finish As : VGA analysis Sample preparation entailed dry crushing, coarse pulverising, and fine pulverising of a 1kg split to 200 mesh grain size, from which the 50 gram sample for fire assay was then taken. Regarding the assay data for the WMC holes, the writer began working with WMC in the Philippines in 1991 shortly after WMC had completed their drilling programme at Archangel. Although having never worked on the Archangel project, the writer has no doubt as to the veracity of the reported WMC assay data. Apparently, the WMC drill core is still available for inspection if such is required at some later stage. B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 16 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 7.4 Conclusion Based on the site visit and validation of the McPhar assay records, the writer is certain that the drill hole data provided by Chase on Kay Tanda is true (but see discussion on analytical accuracy and precision in Section 8 - DGB). Notes added in edit by DGB: 1. Chase Minerals Ltd. drilled nine holes at Kay Tanda and four holes at Pulang Lupa to the west of Kay Tanda (see Figure 5 for locations of Pulang Lupa and Kay Tanda). Only the nine holes drilled at Kay Tanda, holes CA1 to CA9, are considered in this report. 2. Assay data examined by STC at McPhar Laboratories in Makati included all thirteen holes drilled by Chase, i.e. four at Pulang Lupa and nine at Kay Tanda. 3. Western Mining Corporation (“WMC”) has retained the drill logs of the three holes drilled by WMC at Kay Tanda and two drilled at Pulang Lupa. Neither writer of this report has examined these logs except the summaries included herein (Appendix B). 4. Photographs of drill sites at Kay Tanda are retained by Mindoro’s wholly owned Philippine subsidiary in its Manilla office. Copies of these photographs may be obtained from Mindoro on request. B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD. KAY TANDA Figure 5. Kay Tanda and Pulang Lupa prospects: drill hole locations and anomalous gold in soils. Drawing supplied by Mindoro, from work by Chase. PULANG LUPA Page 17 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect Page 18 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 8. KAY TANDA RESOURCE ESTIMATE 8.1 General Statement The resource estimate given below is derived mostly from data obtained by Chase Minerals Ltd. (“Chase”) from a reverse circulation drilling programme at Archangel in 1996 and from summaries of WMC diamond drilling, of which both data sets were provided by Mindoro. N.B. While the Chase data has been confirmed through examination of laboratory records and drill hole locations in the field (Section 7), there is no record of blanks, replicates or standards that may be used to estimate analytical accuracy or precision of the analytical data, other than laboratory standards that are routinely used by the laboratory to measure instrument performance. In addition, there are no data with respect to the specific gravity of the ore and, thus, the resource estimate given below cannot be used as a reliable indication of possible tonnage and grade that may exist at Kay Tanda. While the writers consider that the results are as stated, i.e. sampling and analytical procedures conformed to industry standards and the analytical results used herein reflect gold distributions that are not atypical of the type of prospect considered herein (however, see Section 8.4), no further statement can be made as to the veracity of the data. It is emphasized that this is only an “inferred resource” estimate as defined by the Canadian Institute of Mining, Metallurgy and Petroleum ( CIM Standards on Mineral Resources and Reserves Definition Guidelines, CIM Council, August 2000). 8.2 Database The data on which the resource estimate is based are mainly the results of reverse circulation drilling by Chase. All analytical results of the nine reverse circulation drill holes completed by Chase at Kay Tanda are included as Appendix A. In this appendix analytical results from the oxidized zone are featured in red type while results from samples collected from beneath the oxide zone are black. Summary drill sections (supplied by Mindoro) of the Chase drill holes are included as Appendix C. The thickness of the oxide zone is derived from drill sections prepared by Chase and which were supplied to the writer by Mindoro. These sections are not included herein but may be viewed at the office of Mindoro in Edmonton. WMC diamond drilling results were supplied to the writer (DGB) in summary form only (Appendix B). The thickness of the oxide zone intersected in WMC drill holes (ARD 4a, 4b and 6) is not noted in the summary and has been extrapolated by the writer from adjacent reverse circulation holes. Gold and silver grades of the extrapolated oxide zone of B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 19 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect WMC’s drilling are taken as those given by WMC in its summary. 8.3 Estimation Procedure Since complete data are only available from the Chase drilling programme (Appendix A), only those data are used in deriving the statistical parameters of the estimate. Because only 12 widely-spaced drill holes have tested Kay Tanda it is not considered that a geostatistical method of resource estimation would offer any advantages over the method used, that of estimation by polygon construction. Since the oxide zone at Kay Tanda is of relatively shallow dip and which, more or less, reflects the plateau nature of the topography in which the oxide zone occurs, and that sulphide mineralization also appears to dip only shallowly, polygons were constructed in plan rather than section - a function also of the fact that any planar section through Kay Tanda cannot include anymore than three drill holes. Polygons were conventionally constructed by drawing normals to connecting lines at the half-distance between adjacent drill holes. The area of each polygon was measured and multiplied by the thicknesses of the oxide and sulphide zones as indicated by the drill hole defining each polygon. Tonnages were estimated by multiplying volumes by an assumed specific gravity of 2.5g/cc since no specific gravity measurements appear to be have taken. The value of 2.5g/cc is typical of a quartz-rich rock although abundant clay can reduce this value. Beneath the oxidized zone host rock is silicified andesite and the value of 2.5g/cc is probably representative of this rock type. 8.4 Gold Distribution A histogram derived from Chase’s data displays two, or possibly three, populations of gold values (Figure 6) and which are reflected in a cumulative frequency plot of gold values (Figure 7). Distributions of this nature commonly reflect disseminated mineralization plus vein- or veinlet-hosted gold in the epithermal environment but no geological observations with respect to the various possibilities of gold distribution appear to be have been made. This is discussed in Section 9. While the overall grade is quite low and is distributed about a mean of only 0.31g/t, one standard deviation above the mean is 0.86g/t. The coefficient of variation, is, therefore, about 2.7 and which indicates, apart from a strongly skewed population in the positive direction, that there are number of high erratic values that do not conform to a usual lognormal distribution. Without detailed geological and mineralogical studies it is impossible in a report of this type to make any statement as to the nature of these populations. It is possible that a background, or very low grade population represents gold that was deposited along with the B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 20 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 200 160 N = 758 Mean: SD: Frequency 120 0.3119 0.86024 80 40 0 0.1 0.5 1.0 1.5 2.0 Gold - g/t Figure 6. Histogram of gold values from reverse circulation drilling at Kay Tanda. BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD. Mindoro Resources Ltd: Archangel Project - Kay Tanda Page 21 2.0 1.5 1.0 0.9 Gold - grams/tonne 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 10 20 30 40 50 60 70 80 85 90 95 99 Cumulative frequency - % Figure 7. Frequency distribution of gold values from reverse circulation drilling at Kay Tanda. BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD. Page 22 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect enclosing silica alteration, i.e. it represents hypogene mineralization, that a second population represents supergene enrichment of such gold and that a third population represents gold that occurs within veinlets within the zone of silicification. However, at this stage such a conclusion must be considered as speculative. It is for the reasons outlined above as well as the wide spacing of the drill holes and the lack of geological information as to controls of gold distribution, that the estimate herein can only be stated as an inferred resource and with considerable qualification. 8.5 Gold Cut-off Grade In an inferred global resource estimate, the application of a cut-off grade is largely irrelevant. However, in this study a cut-off of 0.2g/t was applied because of the following. 1. The deposit is of low grade in terms of gold and by combining all data, background gold values would also be included - with their attendant lack of precision and accuracy 2. At low overall gold grades analytical precision may be poor and, because of the lack of information relating to accuracy and precision of gold analyses, it was considered that 200 ppb represents a value that may be reproduced analytically within acceptable limits, unlike lower values where precision commonly decreases with decreasing grade. This “precision limit” is decreasing every year with increased analytical sophistication but, in this case, and especially considering that standard and blank samples do not seem to have been included in the Kay Tanda sample batch, a cutoff is applied. 3. A majority of gold grades are below 0.15g/t (Figure 6). While the overall shape of the gold distribution curve (Figure 7) generally reflects a lognormal distribution, a distribution common to most gold deposits, at low gold values such a curve may be better described as a band that reflects the possibility of increasing analytical error and decreasing precision. The width of this band increases with decreasing gold (or other metals) values. Note, however, that WMC’s data are at a 0.3 g/t gold cut-off. Because of the relatively small tonnages of those blocks about holes ARD-4a, 4b and 6, this higher cut-off does not significantly affect the grade estimate. 8.6 Geological Model on which the Resource Estimate is Based The model on which the resource estimate given below is based, in general terms, is that of an epithermal precious metal deposit of which the upper parts lie within the shallowlydipping supergene oxidized part of a zone of silicification that was developed from acid hypogene solutions derived from a cooling magma at depth. The geometry and extent of the B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 23 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect hypogene alteration zone(s) is unknown. Although it is considered herein that oxidation probably is a function of supergene processes, it is not known whether these processes relate to tropical weathering or whether they are related to meteoric water circulation. Nonetheless, because of the relatively shallowly-dipping nature of the zone of oxidation, its limited thickness and its proximity to the current surface, it is considered more likely that deep tropical weathering caused the oxidation rather than circulating meteoric waters in a cooling epithermal system. The sulphide zone is assumed to be shallowly dipping to the east but tabular and possibly cut by a northeasterly-striking, steeply-dipping fault that can be interpreted to pass through the centre of the Kay Tanda prospect. Although there are a number of other geometric interpretations possible from the existing drill hole data, the above is the most simple and adequately explains the distribution of mineralization. The limits of the estimated oxide resource given herein are possibly defined by the modern topography. Thus, the outer limits of the area for which the resource is estimated are described, more or less, by the topographic contours, from the 280m ASL contour in the west to about the 220m - 240m contour in the east (Figure 8). The outer boundaries of outside polygons are, therefore, arbitrarily limited by topography. Interpreted contours of the thickness of the oxide zone are given in Figure 8. The sulphide zone(s) probably extends further to the east than the oxide zone since the eastern extension of the latter has possibly been removed by erosion. However, for the purpose of the resource estimate herein, the extent of sulphide mineralization is taken as corresponding to the limits of oxide mineralization. 8.7 Resource Estimate Table 1 gives the estimates of grade and tonnage of each polygon described in Figure 8. Two estimates are of oxide mineralization are given; i) of the entire area including that of polygon 6 based on drill hole CA-4 in which total grade of 0.2 g/t gold or greater was not obtained (taking the principle that assay sections must carry their own weight) and, therefore, was assigned a grade of 0 g/t, and ii) leaving out that polygon from the estimate. The estimate of gold with sulphide mineralization does not include blocks 7 and 10 in which no mineralization appears to have been intersected beneath the oxide layer The assumptions made in these estimates are; i) the specific gravity of mineralized material is assumed to be 2.5 g/cc; ii) the thickness of the oxide zone in diamond drill holes ARD-4, 4a and 6 is assumed be the average of the oxide zone thickness in neighbouring reverse circulation drill holes; iii) the grade of holes ARD-4, 4a and 6 is taken as zero from the surface to the depth of first reported mineralization as stated in the summary provided by WMC (see Appendix B); B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 24 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect thus the grade for each hole is weighted to reflect this apparent lack of precious metals where unreported in the summary data; iv) silver grades are assumed to be as stated and, despite an abnormally high value in Block 7 (ARD-6), values are not cut: this does not significantly influence the total estimated grade because of the small tonnage in this block but the reader should aware that the silver grades given herein may be higher than the true grade; v) it is assumed that reverse circulation drill hole data correlate with diamond drill hole data as, owing to the lack of data from diamond drill holes, it is not possible to apply a factor that can reconcile reverse circulation drill hole data with diamond drill hole data; commonly, reverse circulation gold values are lower than twinned diamond drill hole data, especially in the case of fine-grained gold particles that may not be completely collected via a cyclone. Table 1 Precious Metal Resource Estimate - Kay Tanda Oxide Zone (0.2 g/t gold cut off) (see Figure 5 for location of blocks) BLOCK NUMBER TONNES GOLD (G/T) SILVER (G/T) 1 217,005 0.43 0.65 2 637,650 0.66 0.34 3 400,753 1.09 4.25 4 670,203 0.68 0.50 5 465,750 0.27 0.57 6 774,725 0 0 7 114,000 0.79 32.44 8 1,039,200 0.38 4.08 9 697,425 0.45 2.11 10 1,343,585 0.43 11.50 11 728,935 0.37 0.88 TOTAL (incl. Block 6) 7,089231 0.42 3.9 TOTAL (excl. Block 6) 6,314,506 0.48 4.4 B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 25 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect Table 2 Precious Metal Resource Estimate - Kay Tanda Sulphide Zone (0.2 g/t gold cut off) (see Figure 5 for location of blocks) BLOCK NUMBER TONNES GOLD (G/T) SILVER (G/T) 1 106,930 0.26 0.40 2 1,769,888 0.38 0.10 3 120,458 0.54 1.13 4 (Upper Sulphide Zone) 542,360 0.66 1.26 4 (Lower Sulphide Zone) 697,320 1.17 0.50 5 577,530 0.60 1.35 6 728,242 0.78 1.72 8 2,203,200 1.01 2.42 9 1,917,916 0.40 2.10 11 2,043,548 1.30 0.75 TOTAL 10,707,392 0.79 1.34 Excluding Block 6 from the oxide resource and Blocks 7 and 10 from the sulphide resource, a total resource of oxide and sulphide precious metal mineralization amounts to about 17,000,000 tonnes at a grade of 0.68 g/t gold and 2.48 g/t silver (at a 0.2 g/t gold cutoff). This equates to a total gold resource of about 370,000 ounces plus silver. N.B. These values must be treated in the context in which they are stated. The lack of constraints on the data make these estimates extremely approximate. B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 101400E 101000E 101200E Mindoro Resources Ltd: Kay Tanda Prospect 210 CA-8 220 1 10 24 0 2 26 0 3 28 0 220 CA-7 11200N 30 0 20 CA-5 ARD-4a, 4b ARD-6 5 6 40 CA-3 CA-4 CA-9 8 4 CA-6 CA-1 30 0 9 11 1 Resource block and number 10 Thickness contour of oxidized zone - contours in metres CA-7 30 7 Drill hole and number 11000N 10 CA-2 300 Topographic contour - contours in metres ASL 0 100 METRES Figure 5. Resource blocks and thickness contours of oxidized zone of the Kay Tanda prospect. BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD. Page 27 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 9. DISCUSSION 9.1 General Statement As is common in any initial examination of epithermal precious metal deposits, it is often difficult to categorize a deposit without some knowledge of its structure and alteration assemblages. The following brief discussion provides a model that may guide future exploration. In addition, comments are made as to quality control that should be adhered to if further resource or reserve definition is contemplated. Comment is also made with respect to Pulang Lupa to the west of Kay Tanda (see Figure 5 for location), a prospect in the geological setting as Kay Tanda. 9.2 Exploration Model Work to date at Kay Tanda has been confined to drilling of a limited area within a much larger area that exhibits anomalous gold in soils (Figure 5). Drilling has confirmed the presence of gold enrichment in bedrock and the present study suggests that a significant gold resource may be present. It is also clear that potential exists for the discovery of additional tonnages at Kay Tanda to the east of the area considered in this report. It appears that the oxide zone slopes gently to the east and that both thickness and grade increase in this direction (Figure 9). If, as discussed above, the zone of silicification and oxide mineralization is a surficial supergene feature developed from tropical weathering and near-surface meteoric waters, its current extent may be a function of recent erosion and constrained by topography. In other words, high-standing parts of the topography still have “silica caps” while topographically lower, more deeply eroded areas, have lost the upper silicified zone through erosion if, indeed the zone was developed in lower areas. This is very common in tropical regions, or regions of rapid erosion, where silicified rocks are relatively erosion resistant while surrounding clay-rich zones quickly degrade topographically to much lower levels. However, if the topography exhibited today is more or less controlled by earlier structural features, i.e. northeasterly- and northwesterly-trending faults (see Section 6.3) then it is feasible that silicified zones exist at lower structural and topographic levels that have not yet been tested by drilling. The 50 ppb soil gold contour (Figure 4) suggests that this may be the case but since that contour closely follows topographic contours, the possibility of downslope gold dispersion cannot be ignored. Nevertheless, since old gold workings at Archangel are aligned in a northeasterly direction, as are veins at Lobo to the west of Archangel, and grade at Kay Tanda appears to increase to the east, it is suggested that the conduit up which hydrothermal solutions flowed to give rise to the precious metal mineralization at Kay Tanda B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 28 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect was also a northeasterly-striking fault located, perhaps, to the east of the area drilled to date although northeasterly-striking faults may also be interpreted to cut through the prospect area. A geometric interpretation of sulphide mineralization at Kay Tanda is difficult to make at this stage but, from drilling to date, a model of sulphide zones dipping moderately to the east may be inferred and which is the model adopted herein for resource estimation. On the other hand, other interpretations are possible and further work is necessary to define the structure of the prospect area and the distribution of mineralization beneath the oxide zone before a more definitive geological model can be drawn. It is expected that the geological conditions that control precious metal mineralization at Kay Tanda also apply to Pulang Lupa to the west of Kay Tanda. While only one reverse circulation drill hole intersected significant gold mineralization here, the diamond holes drilled by Western Mining Corporation were much more encouraging (Appendix B) and suggest that Pulang Lupa may contain similar grades and tonnages to Kay Tanda. 9.3 Quality Control Drilling results obtained to date suffer from the lack of data on which to estimate the quality of the results. In other words, standards and blanks do not appear to have been employed and, consequently, no statement can be made herein with respect to accuracy and precision of those results. If any further drilling is to be carried out at Kay Tanda two or three holes should twin Chase drill holes and a relationship established (if any) between Chase data and the new drill data. If good correlation can be established between the two sets of data and the new data are properly quantified in terms of accuracy and precision, Chase’s results may be incorporated in any future resource or reserve estimates. If there is poor correlation between the two data sets it is likely that Chase’s data will have to be discarded in favour of data that is properly constrained. Proper procedures in quality control are given by Sinclair and Blackwell (2002) and Smee (1997). It appears that drilling at Kay Tanda and Pulang Lupa was carried out to standards typically employed in North America and Australia during exploration and the writers have no reason to doubt the reliability of the results. Nonetheless, these results can only be viewed as semiquantitative and while adequate in providing an approximation of a global resource, should not be used in reserve estimates until the results can be quantified in terms of analytical error (i.e. analytical precision and accuracy). B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect Page 28 EAST WEST AREA DRILLED Oxide mineralization Sulphide mineralization 0 100 METRES Figure 9. Schematic section through Kay Tanda showing a possible interpretation of the configuration of precious metal mineralization. BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD. Page 30 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 10. REFERENCES Avila, E.T., 1980: Report on the geology and mineral resources of southern Batangas, covering Lobo, Batangas City, Malabrigo and San Juan Quadrangles. Bureau of Mines and Geosciences, 27p. Buenavista, A.G., 1989: Results of exploration on the Archangel prospect, Lobo, Batangas Province, the Philippines. WMC Internal Report (unpubl.), 23p. Chase Minerals (Phil.) Corporation, 1997: Summary report, Batangas FTAA and Taysan MPSA project, Batangas Province, Philippines. Unpubl., 30p. Corbett, G., 1996: Comments on the structural controls to gold-copper mineralization in the Chas Minerals Batangas Project, Philippines. Chase Minerals Internal Report (unpubl.), 8p. Corbett, Greg J. and Leach, Terry M., 1998: Southwest Pacific rim gold-copper systems. Soc. Econ. Geol. Spec. Pub. 6, 237p. Sinclair, Alastair J. and Blackwell, Garston H., 2002: Applied Mineral Inventory Estimation. Cambridge University Press, 381p. Smee, B, 1997: Quality control procedures in mineral exploration. Northern Miner, June 23, p.4. B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . Page 31 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect 11. CERTIFICATES I, David Gerard Bailey of 4759 Mapleridge Drive, North Vancouver, British Columbia, Canada, hereby certify that: 1. I am a consultant geologist and principal of Bailey Geological Consultants (Canada) Ltd. with offices at the above address. 2. I am graduate of Victoria University of Wellington, New Zealand (B.Sc. Hons. in Geology, 1973) and of Queen’s University, Kingston, Ontario, Canada (Ph.D. in Geology, 1978). 3. I have practised the profession of geologist continuously since graduation: experience relevant to this report includes exploration for, evaluation and resource estimations of, epithermal precious metal deposits in North, Central and South America, Australasia, Southeast Asia, former Soviet Bloc countries and China. 4. I am a registered Professional Geoscientist of the Association of Professional Engineers and Geoscientists of British Columbia and a Fellow of the Australasian Institute of Mining and Metallurgy. 5. As well as in the above organisations, I hold memberships in the Society of Economic Geologists, the Canadian Institute of Mining and Metallurgy, the Association of Exploration Geochemists, the Geological Association of Canada and the Geological Society of America. 6. This technical report is based on reports supplied to me by Mindoro Resources Ltd. and which are listed in Section 10 of this report (“References”), on published literature and on discussions with Mindoro personnel. I have not visited the Archangel project area and the Kay Tanda prospect. I am responsible for all sections of the report other than Section 7 for which the coauthor of this report assumes responsibility. 7. It is my professional opinion that the Kay Tanda prospect of the Archangel project area is of merit and warrants further exploration. 8. Neither I nor my family nor Bailey Geological Consultants (Canada) hold or have any right to hold, either directly or indirectly, an interest in Mindoro Resources Ltd., its Philippine subsidiary or in Mindoro’s Philippine partners, or in the Archangel project. 9. I have not undertaken any previous work for Mindoro Resources Ltd. but may undertake to carry out further work if requested to do so as an independent geological consultant. For this report and for any possible future work I expect to receive no remuneration other than normal professional fees and reimbursement of expenses incurred. I have not had any past involvement with the Archangel property or adjacent areas. 10. I am not aware of any material fact or material change with respect to the subject matter of this technical report which is not reflected in the technical report, the omission to disclose which makes the technical report misleading. 11. For the purposes of this technical report I am a “Qualified Person” as defined by National Instrument 43-101, Paragraph 1.2. I have read this instrument and Form 43-101F1 and this technical report has been prepared in compliance with this instrument and Form 43-101F1 Signed at North Vancouver this second day of January, 2003. David G. Bailey, Ph.D., P.Geo. BAILEY GEOLOGICAL CONSULTANTS (CANADA) LTD. Page 32 Mindoro Resources Ltd: Archangel Project - Kay Tanda Prospect CERTIFICATE I, Stephen Thomas Carty of 12 Telstar St, Dona Vicenta Village, Davao City, Philippines hereby certify that: 1. I am a consultant geologist with offices at the above address: 2. I am a graduate of University College Galway , Ireland (B.Sc. Hons. in Geology, 1981) : 3. I have practised the profession of geologist continuously since graduation; experience relevant to this report includes exploration for epithermal gold and porphyry copper deposits in The Philippines and greenstone hosted gold deposits in Australia: 4. I am a member of the Australasian Institute of Mining and Metallurgy : 5. This report is based on my personal examination of the Kay Tanda property in July 2002 , from discussions with geological personnel of Mindoro Resources Inc and former geological personnel of Chase Minerals., from discussions with technical staff of and personal examination of assay records at McPhar Geoservices (Phils ) Inc, and from a review of available historical reports provided by Mindoro Resources : 6. I hold no interest in the Archangel property or the Kay Tanda prospect or in Mindoro Resources or in Egerton Gold Phils. Inc., either directly or indirectly. 7. I am no aware of any material fact or material change with respect to the subject matter ot this technical report which is not reflected in the technical report, the omission to disclose which makes the technical report misleading. 8. For the purposes of this technical report I am a "Qualified Person" as defined by National Instrument 43-101, Paragraph 1.2. I have read this instrument and Form 43-101F1 and this technical report has been prepared in compliance with this instrument and Form 43 - 101F1. 9. For this report and for any possible future work carried out on behalf of Mindoro Resources Inc. I expect to receive no remuneration other than normal professional fees. Signed at Manila, this fifth day of August,2002. Stephen Carty, B.Sc Hons Geol B A IL E Y G E O L O G IC A L C O N S U LT A N T S (C A N A D A) LT D . APPENDIX A REVERSE CIRCULATION DRILL HOLE DATA CHASE RESOURCE CORPORATION Project ARCHANGL File colarch.dat Tue Mar 18 15:38 1997 RECORD GRIDNORTH 1 2 3 4 5 6 7 8 9 10 11 12 13 HOLE ID CA001 CA002 CA003 CA004 CA005 CA006 CA007 CA008 CA009 CA010 CA011 CA012 CA013 TD 120.00 120.00 120.00 112.00 120.00 120.00 120.00 120.00 120.00 120.00 120.00 120.00 112.00 11002.00 10910.00 11101.00 11101.00 11188.00 11004.00 11207.00 11303.00 11070.00 11492.00 11166.00 11050.00 11238.00 GRIDEAST 101202.00 101208.00 101294.00 101198.00 101300.00 101103.00 101131.00 101195.00 101088.00 100786.00 100532.00 100611.00 100621.00 Page 1 RL 295.0 285.0 260.0 285.0 240.0 288.0 303.0 255.0 295.0 339.0 249.0 276.0 271.0 DECLN -60.0 -60.0 -60.0 -60.0 -60.0 -60.0 -60.0 -60.0 -90.0 -60.0 -60.0 -60.0 -60.0 AZIMUTH 90.0 90.0 90.0 270.0 90.0 90.0 90.0 90.0 0.0 90.0 90.0 90.0 90.0 Page l ANGL File arcrcdhl.dat Tue Mar 18 15:26 1997 RECORD HOLE ID FROM TO 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 L File arcrcdhl.dat SAMPLE NO. AU (PPM) CU (PPM) PB (PPM) 4000 4001 4002 4003 4004 4005 4006 4007 4008 4009 4010 4011 4012 4013 4014 4015 4016 4017 4018 4019 4020 4021 4022 4023 4024 4025 4026 4027 4028 4029 4030 4031 4032 4033 4034 4035 4036 4037 4038 4039 4040 4041 4042 4043 4044 4045 4046 4047 4048 4049 4050 Tue Mar 18 15:26 1997 0.040 0.055 0.120 0.050 0.300 0.220 0.535 0.600 0.620 0.850 0.520 0.420 0.220 0.460 0.520 0.555 0.340 0.340 0.540 0.340 0.135 0.145 0.135 0.420 0.900 0.280 0.155 0.130 0.050 0.045 0.040 0.055 0.050 0.065 0.110 0.050 0.060 0.075 0.055 0.080 0.110 0.035 0.120 0.105 0.130 0.125 0.165 0.090 0.070 0.080 0.060 85 85 85 65 80 10 10 35 25 20 10 20 10 10 25 55 65 30 40 990 50 70 30 45 95 80 75 30 10 35 10 10 10 20 110 20 25 50 30 90 100 30 15 10 10 10 20 30 15 15 15 30 25 20 10 80 50 70 100 70 70 240 170 180 390 250 1900 320 260 320 220 40 660 20 30 110 30 100 40 120 65 15 10 10 15 110 15 10 15 5 5 10 10 10 10 5 5 15 10 15 10 15 Page 2 ZN (PPM) 110 160 140 310 80 25 10 15 10 15 15 15 20 20 20 30 30 30 45 5600 2200 2300 1600 4500 6600 3800 1700 630 600 550 520 520 540 520 540 480 500 480 470 460 410 410 390 390 340 310 330 310 420 460 400 AG (PPM) AS(PPM) NORTHING <0.5 <0.5 <0.5 <0.5 8.100 0.900 1.600 3.700 2.400 1.400 4.500 5.900 3.600 12.800 14.300 5.000 3.000 2.600 4.400 22.900 6.600 10.600 4.800 26.200 87.200 20.700 19.500 2.600 0.900 1.700 <0.5 <0.5 <0.5 <0.5 2.800 <0.5 <0.5 <0.5 <0.5 2.200 2.800 1.400 0.700 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 4 5 18 3 120 92 126 340 208 200 290 204 132 216 220 840 220 152 260 152 116 232 62 52 160 280 310 66 54 94 17 15 19 22 36 25 28 32 20 26 58 80 24 16 25 23 39 17 21 17 33 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 11002 EASTING RL 101203 101204 101205 101206 101207 101208 101209 101210 101211 101212 101213 101214 101215 101216 101217 101218 101219 101220 101221 101222 101223 101224 101225 101226 101227 101228 101229 101230 101231 101232 101233 101234 101235 101236 101237 101238 101239 101240 101241 101242 101243 101244 101245 101246 101247 101248 101249 101250 101251 101252 101253 294 292 290 288 287 285 283 282 280 278 276 275 273 271 269 268 266 264 262 261 259 257 256 254 252 250 249 247 245 243 242 240 238 236 235 233 231 230 228 226 224 223 221 219 217 216 214 212 211 209 207 RECORD HOLE ID FROM TO 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA001 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 102.00 104.00 106.00 108.00 110.00 112.00 114.00 116.00 118.00 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 104.00 106.00 108.00 110.00 112.00 114.00 116.00 118.00 120.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 L File arcrcdhl.dat RECORD HOLE ID SAMPLE NO. AU (PPM) CU (PPM) PB (PPM) 4051 4052 4053 4054 4055 4056 4057 4058 4059 4060 4061 4062 4063 4064 4065 4066 4067 4068 4069 4070 4071 4072 4073 4074 4075 4076 4077 4078 4079 4080 4081 4082 4083 4084 4085 4086 4087 4088 4089 4090 4091 4092 4093 4094 4095 4096 4097 4098 4099 4100 4101 Tue Mar 18 15:26 1997 FROM TO 0.080 0.100 0.200 0.140 0.230 0.100 0.135 0.150 0.220 0.240 0.260 0.220 0.240 0.240 0.380 1.095 0.560 0.110 0.360 0.085 0.075 0.045 0.040 0.090 0.070 0.100 0.135 0.200 0.095 0.135 0.240 0.240 0.300 0.190 0.260 0.560 0.360 0.725 1.530 0.980 0.540 0.420 0.320 14.800 6.830 4.200 0.440 0.360 0.260 0.260 0.380 75 25 30 10 15 20 40 70 110 35 30 25 25 25 30 130 150 150 100 70 100 85 140 180 270 740 85 60 60 15 55 65 15 15 70 50 25 120 1000 120 30 20 55 280 90 30 40 25 15 50 50 15 15 10 10 5 10 25 55 5 80 110 50 60 65 95 55 45 35 60 40 50 90 100 35 35 40 35 220 30 25 30 30 25 35 120 230 75 55 120 25 200 30 30 230 95 60 50 25 35 120 130 ZN (PPM) 350 240 300 330 330 330 300 310 310 35 20 15 10 10 20 55 55 20 15 25 35 100 130 120 130 420 440 360 150 160 250 250 270 310 380 390 390 340 670 390 320 240 200 560 540 580 270 180 170 150 150 AG (PPM) AS(PPM) NORTHING <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 0.700 1.100 0.700 0.800 0.500 0.800 1.100 1.700 0.800 0.600 0.500 1.100 0.600 0.500 0.900 1.400 3.900 1.100 2.600 1.000 0.900 1.100 1.000 1.700 2.600 1.100 1.100 0.900 1.300 2.600 1.100 0.500 0.500 1.100 1.700 1.500 0.800 0.900 0.600 <0.5 <0.5 0.500 32 64 24 9 7 9 21 18 12 34 110 16 100 54 60 74 72 52 96 82 50 58 52 60 55 39 27 24 16 34 42 43 122 54 44 33 56 52 42 46 39 35 48 50 120 31 76 60 62 64 34 11002 11002 11002 11002 11002 11002 11002 11002 11002 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 EASTING RL 101254 101255 101256 101257 101258 101259 101260 101261 101262 101209 101210 101211 101212 101213 101214 101215 101216 101217 101218 101219 101220 101221 101222 101223 101224 101225 101226 101227 101228 101229 101230 101231 101232 101233 101234 101235 101236 101237 101238 101239 101240 101241 101242 101243 101244 101245 101246 101247 101248 101249 101250 205 204 202 200 198 197 195 193 191 284 282 280 278 277 275 273 272 270 268 266 265 263 261 259 258 256 254 252 251 249 247 246 244 242 240 239 237 235 233 232 230 228 226 225 223 221 220 218 216 214 213 EASTING RL Page 3 SAMPLE NO. AU (PPM) CU (PPM) PB (PPM) ZN (PPM) AG (PPM) AS(PPM) NORTHING 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA002 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 L File arcrcdhl.dat 84.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 104.00 106.00 108.00 110.00 112.00 114.00 116.00 118.00 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 104.00 106.00 108.00 110.00 112.00 114.00 116.00 118.00 120.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 4102 4103 4104 4105 4106 4107 4108 4109 4110 4111 4112 4113 4114 4115 4116 4117 4118 4119 4120 4121 4122 4123 4124 4125 4126 4127 4128 4129 4130 4131 4132 4133 4134 4135 4136 4137 4138 4139 4140 4141 4142 4143 4144 4145 4146 4147 4148 4149 4150 4151 4152 0.440 0.835 0.200 0.260 0.300 0.220 0.260 0.100 0.140 0.200 0.175 0.090 0.090 0.075 0.145 0.040 0.055 0.340 0.600 0.540 0.280 0.400 0.540 0.840 0.620 0.320 0.160 0.200 0.480 1.455 1.720 3.570 0.880 0.980 0.940 0.660 0.560 0.580 0.400 0.420 0.710 0.735 0.685 0.145 0.110 0.870 0.900 0.600 0.200 0.125 0.205 380 780 80 30 35 25 20 25 110 340 70 320 80 55 130 120 20 120 190 120 30 70 20 50 30 45 60 40 45 20 15 35 30 30 35 20 15 15 15 10 140 1200 270 250 100 2000 1100 80 30 40 270 60 70 30 20 20 20 20 20 30 430 70 600 70 35 260 335 180 1300 270 340 220 330 310 200 120 280 340 130 210 430 490 560 320 560 270 340 180 200 280 350 370 260 170 75 45 510 860 40 35 30 15 HOLE ID FROM TO 154 155 CA003 CA003 66.00 68.00 68.00 70.00 SAMPLE NO. AU (PPM) CU (PPM) PB (PPM) 4153 4154 0.500 1.000 0.900 0.500 0.500 0.700 0.700 <0.5 0.600 0.800 0.800 1.200 0.800 <0.5 0.600 0.500 0.500 0.900 0.500 0.800 0.900 1.400 <0.5 0.600 0.500 <0.5 0.500 0.500 1.200 2.400 2.800 10.900 7.200 14.000 8.700 9.000 4.100 6.200 5.900 5.400 7.000 7.400 4.100 2.700 2.900 13.200 8.100 2.500 0.900 1.100 2.100 30 48 37 44 54 64 57 28 32 50 20 27 22 17 15 24 14 27 880 520 108 148 124 192 120 94 112 100 148 296 236 780 1350 640 380 340 128 200 124 164 424 256 112 50 66 180 106 39 36 80 36 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 10910 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 101251 101252 101253 101254 101255 101256 101257 101258 101259 101260 101261 101262 101263 101264 101265 101266 101267 101268 101295 101296 101297 101298 101299 101300 101301 101302 101303 101304 101305 101306 101307 101308 101309 101310 101311 101312 101313 101314 101315 101316 101317 101318 101319 101320 101321 101322 101323 101324 101325 101326 101327 211 209 207 206 204 202 201 199 197 195 194 192 190 188 187 185 183 181 259 257 255 253 252 250 248 247 245 243 241 240 238 236 234 233 231 229 227 226 224 222 221 219 217 215 214 212 210 208 207 205 203 EASTING RL 101328 101329 201 200 Page 4 Tue Mar 18 15:26 1997 RECORD 230 170 150 140 150 140 140 150 250 510 390 430 470 440 900 1110 800 1700 40 15 10 10 5 15 30 10 15 10 10 10 15 15 15 10 10 10 10 10 10 10 30 25 30 30 120 850 1200 190 300 300 790 0.660 0.580 460 100 1600 250 ZN (PPM) 4300 540 AG (PPM) AS(PPM) NORTHING 7. 100 2. 500 70 32 11101 11101 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA003 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 L File arcrcdhl.dat 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 104.00 106.00 108.00 110.00 112.00 114.00 116.00 118.00 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 104.00 106.00 108.00 110.00 112.00 114.00 116.00 118.00 120.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 4155 4156 4157 4158 4159 4160 4161 4162 4163 4164 4165 4166 4167 4168 4169 4170 4171 4172 4173 4174 4175 4176 4177 4178 4179 4180 4181 4182 4183 4184 4185 4186 4187 4188 4189 4190 4191 4192 4193 4194 4195 4196 4197 4198 4199 4200 4201 4202 4203 0.280 0.200 0.345 0.120 0.160 0.200 0.200 0.160 0.400 0.540 0.140 0.240 0.130 0.120 0.090 0.100 0.170 0.200 0.200 0.200 0.375 2.015 1.330 0.215 0.120 0.020 0.025 0.035 0.020 0.030 0.010 0.005 0.010 0.010 0.010 0.005 0.010 0.010 0.020 0.005 0.025 0.005 0.005 0.015 0.010 0.010 0.010 0.010 0.010 130 500 85 130 130 110 45 70 70 400 90 100 120 45 45 65 25 20 65 45 80 55 190 25 10 90 85 80 90 120 95 90 85 80 100 95 70 90 85 75 70 75 75 80 90 100 140 80 85 270 910 75 40 35 280 30 140 670 4400 140 500 140 75 65 95 140 600 110 840 290 90 1100 140 35 15 5 10 10 10 45 10 10 15 10 10 10 10 10 15 15 10 10 10 20 5 5 15 10 HOLE ID FROM TO 205 206 207 208 CA004 CA004 CA004 CA004 48.00 50.00 52.00 54.00 50.00 52.00 54.00 56.00 SAMPLE NO. AU (PPM) CU (PPM) PB (PPM) 4204 4205 4206 4207 2.600 2.500 4.200 1.900 2.000 2.100 1.600 1.400 1.700 4.000 1.500 2.100 1.200 0.900 1.000 1.000 1.000 1.500 1.400 1.800 2.600 2.600 2.900 0.800 0.700 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 47 27 40 29 31 44 31 26 30 51 25 31 18 25 40 41 33 34 42 52 74 29 124 34 21 2 1 2 2 1 1 2 2 2 2 3 2 2 3 3 3 4 5 3 6 3 2 3 2 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 101330 101331 101332 101333 101334 101335 101336 101337 101338 101339 101340 101341 101342 101343 101344 101345 101346 101347 101348 101349 101350 101351 101352 101353 101354 101198 101197 101196 101195 101194 101193 101192 101191 101190 101189 101188 101187 101186 101185 101184 101183 101182 101181 101180 101179 101178 101177 101176 101175 198 196 195 193 191 189 188 186 184 182 181 179 177 176 174 172 170 169 167 165 163 162 160 158 156 284 282 280 278 277 275 273 272 270 268 266 265 263 261 259 258 256 254 252 251 249 247 246 244 EASTING RL Page 5 Tue Mar 18 15:26 1997 RECORD 580 1800 220 250 200 250 290 410 1300 3600 180 580 310 200 200 240 250 1200 180 470 230 95 110 950 260 60 85 45 40 100 90 60 45 65 65 70 50 50 55 50 65 65 45 30 40 55 55 50 40 0.015 0.020 0.040 0.125 85 110 85 110 10 10 45 95 ZN (PPM) 35 75 120 260 AG (PPM) AS(PPM) NORTHING <0.5 <0.5 3.700 4.000 1 3 4 6 11101 11101 11101 11101 101174 101173 101172 101171 242 240 239 237 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA004 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 L File arcrcdhl.dat 56.00 58.00 60.00 62.00 64.00 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 104.00 106.00 108.00 110.00 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 58.00 60.00 62.00 64.00 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 104.00 106.00 108.00 110.00 112.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 4208 4209 4210 4211 4212 4213 4214 4215 4216 4217 4218 4219 4220 4221 4222 4223 4224 4225 4226 4227 4228 4229 4230 4231 4232 4233 4234 4235 4236 4237 4238 4239 4240 4241 4242 4243 4244 4245 4246 4247 4248 4249 4250 4251 4252 4253 4254 0.070 0.340 0.560 0.600 0.440 0.540 0.780 0.420 3.305 1.145 0.900 0.600 0.780 0.840 0.640 1.620 0.320 0.300 0.440 0.200 0.085 0.090 0.015 0.095 0.075 0.070 0.080 0.005 1.020 0.125 0.025 0.030 0.015 0.030 0.025 0.025 0.075 0.065 0.160 2.035 0.470 0.400 0.400 0.430 0.470 0.200 0.450 90 190 220 210 110 880 240 95 970 250 230 120 210 120 210 690 310 240 1200 140 35 360 170 25 330 220 160 240 85 80 85 75 45 40 45 90 110 55 80 300 230 130 130 95 95 240 240 10 230 460 230 60 400 300 110 4500 700 350 80 640 320 420 3700 360 55 4400 60 60 6300 45 75 35 30 15 15 140 60 35 45 25 35 25 5 20 25 290 80 60 30 35 35 30 30 35 HOLE ID FROM TO 256 257 258 259 260 261 CA005 CA005 CA005 CA005 CA005 CA005 38.00 40.00 42.00 44.00 46.00 48.00 40.00 42.00 44.00 46.00 48.00 50.00 SAMPLE NO. AU (PPM) CU (PPM) PB (PPM) 4255 4256 4257 4258 4259 4260 <0.5 1.200 3.300 2.000 1.400 3.700 2.200 0.800 2.800 1.400 1.600 0.500 0.800 1.000 0.800 4.300 0.800 0.600 1.700 0.600 0.500 1.000 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 0.700 <0.5 <0.5 <0.5 <0.5 0.600 5.600 <0.5 0.900 2.600 1.600 9.800 4.100 0.900 1.100 0.800 0.900 1.600 5.100 2 26 248 210 264 224 544 88 24 27 48 28 13 17 14 38 13 14 11 3 2 1 2 3 2 1 3 4 37 39 4 5 70 118 520 88 104 115 54 500 296 102 188 76 86 98 120 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11101 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 101170 101169 101168 101167 101166 101165 101164 101163 101162 101161 101160 101159 101158 101157 101156 101155 101154 101153 101152 101151 101150 101149 101148 101147 101146 101145 101144 101143 101301 101302 101303 101304 101305 101306 101307 101308 101309 101310 101311 101312 101313 101314 101315 101316 101317 101318 101319 235 233 232 230 228 226 225 223 221 220 218 216 214 213 211 209 207 206 204 202 201 199 197 195 194 192 190 188 239 237 235 233 232 230 228 227 225 223 221 220 218 216 214 213 211 209 207 Page 6 Tue Mar 18 15:26 1997 RECORD 50 560 390 470 320 180 330 460 280 200 120 130 150 130 110 140 80 160 820 270 240 7100 170 210 180 140 130 110 110 90 90 90 110 120 80 70 270 310 310 30 15 15 15 10 10 15 20 0.400 5.600 0.115 0.030 0.050 0.030 160 330 120 45 35 35 30 70 55 20 10 5 ZN (PPM) 15 20 15 20 15 10 AG (PPM) AS(PPM) NORTHING 4.800 5.600 1.800 0.800 1.200 <0.5 52 82 38 26 38 31 11188 11188 11188 11188 11188 11188 EASTING 101320 101321 101322 101323 101324 101325 RL 206 204 202 201 199 197 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA005 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 L File arcrcdhl.dat 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 104.00 106.00 108.00 110.00 112.00 114.00 116.00 118.00 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 0.86 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 104.00 106.00 108.00 110.00 112.00 114.00 116.00 118.00 120.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 4261 4262 4263 4264 4265 4266 4267 4268 4269 4270 4271 4272 4273 4274 4275 4276 4277 4278 4279 4280 4281 4282 4283 4284 4285 4286 4287 4288 4289 4290 4291 4292 4293 4294 4295 4296 4297 4298 4299 4300 4301 4302 4303 4304 4305 0.020 0.050 0.030 0.030 0.035 0.025 0.035 0.600 0.570 0.470 0.090 0.065 0.075 0.110 0.070 0.270 0.100 0.125 0.045 0.070 0.080 0.125 0.055 0.060 0.060 0.060 0.080 0.085 0.370 0.110 0.065 0.070 0.065 0.075 0.030 0.500 0.670 0.470 0.330 0.370 0.330 0.070 0.435 1.385 0.370 55 15 10 65 15 15 30 120 120 80 30 15 15 30 20 85 45 20 20 30 35 35 20 20 20 20 15 20 75 15 15 15 10 20 10 100 50 35 20 25 100 85 50 25 80 15 10 5 10 5 5 25 30 95 20 10 5 5 20 5 15 10 15 10 10 10 15 5 5 5 5 5 5 15 5 5 5 5 5 5 85 15 10 20 75 80 75 40 40 30 HOLE ID FROM TO 307 308 309 310 311 312 313 314 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 SAMPLE NO. AU (PPM) CU (PPM) PB (PPM) 4306 4307 4308 4309 4310 4311 4312 4313 1.400 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 1.400 1.300 0.700 <0.5 <0.5 <0.5 0.600 <0.5 1.200 0.500 0.600 0.000 <0.5 0.500 0.800 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 1.100 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 2.200 1.300 0.600 0.800 1.100 1.400 2.000 3.100 1.500 0.500 60 48 28 16 7 8 12 216 120 66 98 23 35 45 66 106 48 68 1 21 36 33 18 17 17 16 12 19 54 15 10 7 16 10 7 88 104 90 72 160 144 76 120 128 70 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11188 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 101326 101327 101328 101329 101330 101331 101332 101333 101334 101335 101336 101337 101338 101339 101340 101341 101342 101343 101344 101345 101346 101347 101348 101349 101350 101351 101352 101353 101354 101355 101356 101357 101358 101359 101360 101104 101105 101106 101107 101108 101109 101110 101111 101112 101113 195 194 192 190 188 187 185 183 181 180 178 176 175 173 171 169 168 166 164 162 161 159 157 156 154 152 150 149 147 145 143 142 140 138 136 287 285 283 281 280 278 276 275 273 271 Page 7 Tue Mar 18 15:27 1997 RECORD 20 80 200 210 270 300 280 110 500 140 50 210 230 240 290 230 190 250 280 310 340 450 260 320 280 290 320 220 220 220 210 230 230 220 230 15 25 10 10 10 20 10 10 10 10 0.110 0.300 0.090 0.140 0.165 0.095 0.080 0.065 55 35 30 110 740 170 420 460 30 45 15 10 25 10 210 720 ZN (PPM) 10 25 5 10 20 20 100 640 AG (PPM) AS(PPM) NORTHING 2.200 8.600 1.500 2.200 3.000 <0.5 0.800 1.900 58 60 120 52 33 23 24 44 11044 11044 11044 11044 11044 11044 11044 11044 EASTING 101114 101115 101116 101117 101118 101119 101120 101121 RL 269 268 266 264 262 261 259 257 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA006 CA007 L File arcrcdhl.dat 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 104.00 106.00 108.00 110.00 112.00 114.00 116.00 118.00 0.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 104.00 106.00 108.00 110.00 112.00 114.00 116.00 118.00 120.00 2.00 4314 4315 4316 4317 4318 4319 4320 4321 4322 4323 4324 4325 4326 4327 4328 4329 4330 4331 4332 4333 4334 4335 4336 4337 4338 4339 4340 4341 4342 4343 4344 4345 4346 4347 4348 4349 4350 4351 4352 4353 4354 4355 4356 0.880 0.430 0.450 0.370 0.550 0.170 0.370 0.470 0.430 0.370 0.330 0.470 0.240 0.400 0.350 0.150 0.180 0.150 0.500 0.185 0.130 0.130 0.170 0.120 0.165 1.385 1.115 0.720 0.190 0.330 0.415 0.400 0.330 0.085 0.065 0.070 0.030 0.050 0.065 0.095 0.080 0.150 0.079 290 170 150 200 350 140 330 110 110 45 25 60 95 25 60 55 35 25 140 70 20 15 15 25 45 90 820 40 180 65 65 360 240 35 25 40 70 30 5 50 85 85 55 480 230 160 130 260 70 50 50 35 25 15 25 35 10 15 75 15 15 1100 20 10 5 10 10 10 20 25 10 10 5 30 25 100 5 5 45 5 5 5 70 80 75 110 HOLE ID FROM TO 358 359 360 361 362 363 364 365 366 367 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 SAMPLE NO. AU (PPM) CU (PPM) PB (PPM) 4357 4358 4359 4360 4361 4362 4363 4364 4365 4366 8.800 5.000 5.400 2.300 7.200 2.600 5.200 2.800 2.200 1.400 1.400 1.200 1.600 1.500 0.900 1.000 1.500 1.500 2.000 1.200 1.000 <0.5 0.600 0.800 0.800 1.000 2.200 0.600 0.800 0.800 0.600 1.100 2.000 1.400 1.100 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 0.800 848 488 336 136 1000 164 128 128 64 54 50 28 54 37 27 43 48 66 66 68 62 25 54 27 39 64 52 66 62 43 30 37 39 17 21 5 6 5 3 5 3 3 136 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11044 11207 101122 101123 101124 101125 101126 101127 101128 101129 101130 101131 101132 101133 101134 101135 101136 101137 101138 101139 101140 101141 101142 101143 101144 101145 101146 101147 101148 101149 101150 101151 101152 101153 101154 101155 101156 101157 101158 101159 101160 101161 101162 101163 101132 255 254 252 250 249 247 245 243 242 240 238 236 235 233 231 229 228 226 224 223 221 219 217 216 214 212 210 209 207 205 204 202 200 198 197 195 193 191 190 188 186 184 302 Page 8 Tue Mar 18 15:27 1997 RECORD 1800 150 140 80 560 50 30 30 65 20 15 65 40 20 25 160 75 100 160 160 120 140 120 140 120 150 140 160 120 120 140 100 150 140 120 140 160 140 190 490 430 270 30 0.205 0.105 0.240 0.360 0.640 0.520 0.560 2.765 0.580 0.275 100 290 360 590 760 450 280 140 130 250 40 90 110 120 30 65 490 3400 1600 170 ZN (PPM) 15 25 50 240 270 300 180 80 50 110 AG (PPM) AS(PPM) NORTHING <0.5 <0.5 <0.5 0.500 <0.5 <0.5 <0.5 1.300 0.500 <0.5 40 25 28 34 27 41 46 36 66 58 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 EASTING 101133 101134 101135 101136 101137 101138 101139 101140 101141 101142 RL 300 298 296 295 293 291 290 288 286 284 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 L File arcrcdhl.dat 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 104.00 4367 4368 4369 4370 4371 4372 4373 4374 4375 4376 4377 4378 4379 4380 4381 4382 4383 4384 4385 4386 4387 4388 4389 4390 4391 4392 4393 4394 4395 4396 4397 4398 4399 4400 4401 4402 4403 4404 4405 4406 4407 0.280 0.360 0.340 0.400 0.300 0.190 0.580 0.400 0.340 0.300 0.580 0.875 0.560 0.380 0.300 0.170 0.200 0.600 0.400 0.420 0.125 0.380 0.555 0.320 0.220 0.155 0.100 0.100 0.085 0.095 0.105 0.105 0.220 0.380 0.260 1.785 0.080 0.130 0.200 0.120 0.120 370 310 300 190 85 210 460 370 460 190 210 730 330 95 450 2000 370 70 50 55 25 55 180 120 20 15 15 20 25 20 15 20 20 35 35 2500 35 25 30 15 45 80 710 990 210 30 25 140 530 430 100 160 1300 720 150 85 15 35 25 25 20 25 25 35 55 20 10 10 10 10 15 5 15 10 20 15 10 10 5 10 10 10 HOLE ID FROM TO 409 410 411 412 413 414 415 416 417 418 419 420 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA007 CA008 CA008 CA008 CA008 104.00 106.00 108.00 110.00 112.00 114.00 116.00 118.00 0.00 2.00 4.00 6.00 106.00 108.00 110.00 112.00 114.00 116.00 118.00 120.00 2.00 4.00 6.00 8.00 SAMPLE NO. AU (PPM) CU (PPM) PB (PPM) 4408 4409 4410 4411 4412 4413 4414 4415 4416 4417 4418 4419 1.000 1.400 0.800 <0.5 <0.5 0.800 1.500 0.800 0.800 <0.5 0.600 2.000 1.300 0.800 0.800 <0.5 <0.5 0.600 0.500 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 0.500 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 0.500 43 62 44 34 30 33 64 66 52 25 35 35 26 32 22 20 29 52 52 52 21 28 29 31 30 24 21 26 24 25 24 24 27 23 13 17 12 12 8 5 4 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 11207 101143 101144 101145 101146 101147 101148 101149 101150 101151 101152 101153 101154 101155 101156 101157 101158 101159 101160 101161 101162 101163 101164 101165 101166 101167 101168 101169 101170 101171 101172 101173 101174 101175 101176 101177 101178 101179 101180 101181 101182 101183 283 281 279 277 276 274 272 270 269 267 265 264 262 260 258 257 255 253 251 250 248 246 244 243 241 239 238 236 234 232 231 229 227 225 224 222 220 219 217 215 213 Page 9 Tue Mar 18 15:27 1997 RECORD 220 180 250 360 380 490 370 220 450 450 730 620 240 65 45 30 35 30 60 120 180 200 210 210 120 100 120 90 85 95 95 90 100 170 100 100 90 100 130 80 110 0.085 0.045 0.065 0.050 0.065 0.065 0.060 0.045 0.085 0.105 0.100 0.360 20 25 60 160 380 250 240 220 150 160 65 65 5 10 10 5 25 15 15 10 85 190 80 500 ZN (PPM) 120 90 130 130 160 200 180 70 210 55 20 20 AG (PPM) AS(PPM) NORTHING <0.5 <0.5 <0.5 0.500 <0.5 <0.5 <0.5 <0.5 1.100 0.600 1.400 1.000 4 3 3 3 4 3 4 4 108 320 164 116 11207 11207 11207 11207 11207 11207 11207 11207 11303 11303 11303 11303 EASTING 101184 101185 101186 101187 101188 101189 101190 101191 100196 100197 100198 100199 RL 212 210 208 206 205 203 201 199 254 252 250 248 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 L File arcrcdhl.dat 8.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 86.00 4420 4421 4422 4423 4424 4425 4426 4427 4428 4429 4430 4431 4432 4433 4434 4435 4436 4437 4438 4439 4440 4441 4442 4443 4444 4445 4446 4447 4448 4449 4450 4451 4452 4453 4454 4455 4456 4457 4458 0.575 0.320 0.280 0.075 0.130 0.215 0.200 0.010 0.060 0.065 0.140 0.055 0.215 0.145 0.130 0.070 0.035 0.045 0.095 0.280 0.075 0.105 0.220 0.320 0.025 0.065 0.055 0.040 0.025 0.040 0.015 0.070 0.015 0.010 0.015 0.035 0.040 0.025 0.005 30 75 140 190 160 160 460 150 190 190 460 430 400 410 30 15 10 10 10 15 10 10 10 120 25 30 320 10 10 25 5 10 10 10 10 30 25 5 10 HOLE ID FROM TO 460 461 462 463 464 465 466 467 468 469 470 471 472 473 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 CA008 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 104.00 106.00 108.00 110.00 112.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 102.00 104.00 106.00 108.00 110.00 112.00 114.00 SAMPLE NO. AU (PPM) CU (PPM) PB (PPM) 4459 4460 4461 4462 4463 4464 4465 4466 4467 4468 4469 4470 4471 4472 15 40 35 35 30 20 130 220 190 170 130 120 80 80 45 140 170 140 120 120 140 180 150 590 300 180 480 170 320 330 180 240 170 160 240 180 130 140 130 <0.5 1.500 1.100 <0.5 0.600 0.900 2.200 <0.5 0.600 <0.5 0.500 <0.5 0.600 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 0.800 <0.5 <0.5 <0.5 <0.5 <0.5 0.800 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 110 94 82 52 50 45 30 28 17 15 14 11 28 24 24 7 7 7 9 12 11 10 7 8 6 9 9 8 14 8 10 8 3 8 3 3 5 4 2 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 100200 100201 100202 100203 100204 100205 100206 100207 100208 100209 100210 100211 100212 100213 100214 100215 100216 100217 100218 100219 100220 100221 100222 100223 100224 100225 100226 100227 100228 100229 100230 100231 100232 100233 100234 100235 100236 100237 100238 247 245 243 242 240 238 236 235 233 231 229 228 226 224 222 221 219 217 216 214 212 210 209 207 205 203 202 200 198 196 195 193 191 190 188 186 184 183 Page 10 Tue Mar 18 15:28 1997 RECORD 220 150 230 130 100 40 40 50 15 10 10 <5 50 20 60 <5 5 5 10 10 15 10 10 220 100 15 190 15 270 470 20 140 5 10 5 20 15 15 5 0.010 0.015 0.010 0.020 0.045 0.025 0.060 0.035 0.035 0.085 0.020 0.015 0.045 0.035 5 5 5 60 230 1500 400 80 20 15 180 200 40 30 <5 5 25 40 45 55 70 35 35 140 240 1300 55 170 ZN (PPM) 120 120 250 160 350 220 210 1500 1400 810 1000 2300 480 360 AG (PPM) AS(PPM) NORTHING <0.5 <0.5 <0.5 <0.5 <0.5 1.400 0.600 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 1 2 2 4 6 4 4 5 7 10 6 3 3 3 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 11303 EASTING 100239 100240 100241 100242 100243 100244 100245 100246 100247 100248 100249 100250 100251 100252 RL 181 179 177 176 174 172 171 167 165 164 162 160 158 157 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 CA008 CA008 CA008 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 L File arcrcdhl.dat 114.00 116.00 118.00 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 116.00 118.00 120.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00 62.00 64.00 66.00 68.00 4473 4474 4475 4476 4477 4478 4479 4480 4481 4482 4483 4484 4485 4486 4487 4488 4489 4490 4491 4492 4493 4494 4495 4496 4497 4498 4499 4500 4501 4502 4503 4504 4505 4506 4507 4508 4509 0.020 0.015 0.020 0.055 0.115 0.330 0.070 0.105 1.975 0.500 2.525 0.740 0.570 0.055 0.164 0.170 0.185 0.120 0.145 0.440 2.165 1.030 0.360 0.220 0.175 0.240 0.080 0.020 0.040 0.070 0.045 0.020 0.030 0.025 0.145 0.025 0.015 25 25 60 15 25 40 35 55 40 100 35 10 15 10 10 35 20 260 15 400 1100 1600 450 120 95 40 10 25 110 75 55 10 40 130 55 65 35 10 15 75 20 20 45 40 20 30 440 120 30 5 5 10 10 15 200 20 380 5700 13000 220 30 20 65 15 10 360 10 15 15 5 5 5 5 10 HOLE ID FROM TO 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 68.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 70.00 72.00 74.00 76.00 78.00 80.00 82.00 84.00 86.00 88.00 90.00 92.00 94.00 96.00 98.00 100.00 SAMPLE NO. AU (PPM) CU (PPM) PB (PPM) 4510 4511 4512 4513 4514 4515 4516 4517 4518 4519 4520 4521 4522 4523 4524 4525 <0.5 <0.5 <0.5 1.500 1.600 0.800 0.500 1.700 0.600 <0.5 0.900 <0.5 <0.5 <0.5 0.500 <0.5 0.700 0.600 0.700 0.900 2.100 4.500 1.000 0.500 0.700 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 <0.5 0.0< <0.5 <0.5 <.5 <0.5 3 2 5 168 370 180 112 62 62 20 86 20 10 22 19 17 16 21 26 32 17 24 17 8 5 14 3 2 3 2 5 3 1 2 1 3 2 11303 11303 11303 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 100253 100254 100255 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 155 153 151 294 292 290 288 286 284 282 280 278 276 274 272 270 268 266 264 262 260 258 256 254 252 250 248 246 244 242 240 238 236 234 232 230 228 Page 11 Tue Mar 18 15:28 1997 RECORD 130 120 240 20 20 15 30 30 25 260 180 140 130 100 130 140 190 250 380 360 6600 900 490 500 560 440 340 350 480 370 380 400 330 350 380 420 400 0.020 0.015 0.060 0.020 0.035 0.170 0.095 0.200 0.090 0.020 0.020 0.100 0.130 0.125 0.300 0.400 65 100 40 150 450 470 140 180 50 50 25 1100 710 380 170 950 5 5 20 90 10 190 120 130 210 190 15 2880 15 85 250 150 ZN (PPM) 350 360 440 530 410 1100 530 630 560 770 380 2400 1100 1200 760 1400 AG (PPM) AS(PPM) NORTHING <0.5 <0.5 <0.5 <0.5 <0.5 0.800 <0.5 1.000 <0.5 0.500 <0.5 0.500 0.600 0.500 0.500 1.300 1 1 1 1 2 4 3 3 3 1 2 3 3 2 2 4 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 EASTING 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 RL 226 224 222 220 218 216 214 212 210 208 206 204 202 200 198 196 527 528 529 530 531 532 533 534 535 536 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 CA009 100.00 102.00 104.00 106.00 108.00 110.00 112.00 114.00 116.00 118.00 102.00 104.00 106.00 108.00 110.00 112.00 114.00 116.00 118.00 120.00 4526 4527 4528 4529 4530 4531 4532 4533 4534 4535 1.695 0.170 0.110 0.025 0.420 0.330 7.070 0.010 0.040 0.040 380 100 170 40 250 570 430 420 340 5 35 10 10 5 25 15 15 15 5 160 470 320 200 190 270 110 65 270 170 0 0.600 0.600 0.500 0.500 <0.5 <0.5 0.600 <0.5 <0.5 <0.5 3 6 4 3 5 4 5 4 5 5 11070 11070 11070 11070 11070 11070 11070 11070 11070 11070 100088 100088 100088 100088 100088 100088 100088 100088 100088 100088 194 192 190 188 186 184 182 180 178 176 APPENDIX B DIAMOND DRILL HOLE DATA WESTERN MINING CORPORATION LOCATION & DESCRIPTION OF WMC's DDH WMC DD Holes ARD 1 ARD 2 ARD 3 ARD 4a ARD 4b ARD 5 ARD 6 Northings (N) Eastings (E) 11,178 100,517 11,152 100,745 11,178 100,517 11,160 101,153 11,160 101,153 10,963 100,242 11,169 101,336 Azimuth 122.50 300.00 136.00 43.50 45.30 119.50 138.00 Dip Depth (m) 62.50 200.00 63.00 176.00 72.60 200.00 62.50 80.70 70.50 120.00 60.00 83.35 63.50 142.15 ARCHANGEL DRILLING SUMMARY OF ANALYTICAL RESULTS: Au and Ag (Min. 2m interval - max. 2m < COG) A. Using 0.3 g/t cut-off grade HOLE# DEPTH From (m) To INTERVAL (m) GOLD GRADE (g/t) SILVER GRADE (g/t) ARD 1 40 48 8 0.28 3.44 ARD1 78 82 4 0.69 3.25 1.43 ARD 2 4 7 3 0.34 ARD 2 65 70 5 0.50* 1.8 ARD 2 92 100 8 0.29* 2.04 ARD 2 95 100 5 0.34* 2.4 ARD 2 135 145 10 1.05* 1.95 ARD 2 165 176.2 11.2 1.09* 1.92 ARD 3 11 31 20 0.62 3.56 ARD 3 37 48 9 0.77 3.21 ARD 3 52 55 3 0.48 7.37 ARD 3 12 17 5 0.3 1.2 ARD4A 14 20.28 6.28 0.62 1.06 ARD4A 24.66 80.71 56.05 0.6 1.68 ARD4B 14 70 56 0.91 1.78 ARD 5 1 5 4 0.37 3.35 ARD 5 8 52 44 0.66 5.9 ARD 6 9 28 19 1.17 47.8 B. Using 1.0 g/t Cut-off grade HOLE# DEPTH From (m) To INTERVAL (m) GOLD GRADE (g/t) SILVER GRADE (g/t) ARD 2 135 140 5 1.53* ARD 2 165 170 5 1.70* 2.5 1.2 ARD 3 39 43 4 1.14 2.65 ARD4A 50 53.4 3.4 0.84 2.2 ARD4B 25 27 2 5.93 1.75 ARD4B 39.97 45 5.03 1.22 2.93 ARD4B 48 53 5 1.57 2.28 ARD 5 26.43 29 2.57 1.29 1.75 ARD 6 17.73 23.77 6.04 2.41 115.48 Note : •includes 5m interval sample TABLE 3 ms0206/94 APPENDIX C SUMMARY REVERSE CIRCULATION DRILL HOLE SECTIONS 101200 E 101300 E CA-01 300 m RL Silica + clay 46.0 m @ 0.38 g/t gold 12.0 g/t silver 275 Silica + clay 250 225 Propylitic 200 Oxidized andesite Silicified andesite Quartz CA-01 Au-Ag downhole interception 25 metres EOH 120 m. MRL GOLD PHILS. INC. 25 metres Archangel Project Cross Section DH CA-01 (Looking due North) 101200 E 101300 E CA-02 300 m RL 275 14.0 m @ 0.40 g/t gold 0.90 g/t silver Silica + clay 250 56.0 m @ 1.31 g/t gold 1.00 g/t silver Propylitic Silica + clay 225 Propylitic 200 Silicified andesite Gouge materials Quartz Microdiorite CA-02 Au-Ag downhole interception 25 metres EOH 120 m. MRL GOLD PHILS. INC. 25 metres Archangel Project Cross Section DH CA-02 (Looking due North) 101400 E 101300 E 275 m RL CA-02 Silica + clay 250 Propylitic 60.0 m @ 0.73 g/t gold 4.40 g/t silver Silica + clay 225 10.0 m @ 0.41 g/t gold 3.80 g/t silver 200 4.0 m @ 0.47 g/t gold 2.85 g/t silver Propylitic 4.0 m @ 1.67 g/t gold 2.80 g/t silver 175 CA-03 Silicified andesite Quartz Au-Ag downhole interception EOH 120 m. 25 metres Silica + clay MRL GOLD PHILS. INC. 25 metres Archangel Project Cross Section DH CA-03 (Looking due North) 101200 E 101300 E 300 m RL CA-04 275 Propylitic 250 200 Silica + clay 28.0 m @ 0.94 g/t gold 1.90 g/t silver Quartz-sericite EOH 112 m. CA-04 Silicified andesite Oxidized andesite Au-Ag downhole interception 25 metres 225 MRL GOLD PHILS. INC. 25 metres Archangel Project Cross Section DH CA-04 (Looking due North) 101400 E 101300 E 250 m RL CA-05 225 Propylitic 20.0 m @ 0.59 g/t gold 3.47 g/t silver Silica + clay 200 6.0 m @ 0.55 g/t gold 1.13 g/t silver Propylitic 175 Silica + clay Propylitic 150 Oxidized andesite Silicified andesite Quartz CA-05 Au-Ag downhole interception 25 metres EOH 120 m. MRL GOLD PHILS. INC. 25 metres Archangel Project Cross Section DH CA-05 (Looking due North) 101200 E 101100 E 300 m RL CA-06 20.0 m @ 0.49 g/t gold 1.44 g/t silver 275 Silica + clay 30.0 m @ 0.42 g/t gold 3.30 g/t silver Propylitic 250 Silica + clay 225 Propylitic 200 Silicified andesite Gouge materials Quartz CA-06 Au-Ag downhole interception 25 metres EOH 120 m. MRL GOLD PHILS. INC. 25 metres Archangel Project Cross Section DH CA-06 (Looking due North) 101100 E 101200 E CA-07 300 m RL Propylitic Silica + clay 62.0 m @ 0.40 g/t gold 275 250 225 Propylitic 200 Silicified andesite Gouge materials Microdiorite CA-07 Au-Ag downhole interception 25 metres EOH 120 m. MRL GOLD PHILS. INC. 25 metres Archangel Project Cross Section DH CA-07 (Looking due North) 101200 E 101300 E 275 m RL 16.0 m @ 0.27 g/t gold 1.00 g/t silver CA-08 250 225 Propylitic 200 175 Quartz-sericite Propylitic EOH 120 m. Silicified andesite Gouge materials CA-08 Au-Ag downhole interception 25 metres Quartz-sericite MRL GOLD PHILS. INC. 25 metres Archangel Project Cross Section DH CA-08 (Looking due North) 101100 E 101200 E CA-09 300 m RL Silica + clay 275 44.0 m @ 0.56 g/t gold 1.00 g/t silver 250 Quartz-sericite 225 6.0 m @ 0.80 g/t gold 0.80 g/t silver 200 Propylitic 6.0 m @ 2.61 g/t gold 0.50 g/t silver Quartz-sericite Silicified andesite CA-09 Au-Ag downhole interception 25 metres EOH 120 m. MRL GOLD PHILS. INC. 25 metres Archangel Project Cross Section DH CA-09 (Looking due North)