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MAP NO. 105 F 8 , 9 REPORT FILED UNDER: Ca DATE PERFORMED : LOCATION LAT. LONG. CLAIM NAME & NO. VALUE $ .WORK DONE BY: 091953 MINING DISTRICT: WATSON LAKE DOCUMENT NO. : ASSESSMENT REPORT PROSPECTUS CONFIDENTIAL OPEN FILE ju1 ax h o u r c e s DATE FILED: 'N AREA: 1 3 ~ ~ 1 0 ' ~ CAMP 5-8 CAMP 17-18 HOPE 1-6 RAIN 1 SNOW I Y94453-456 YA35525-526 YA11204-209 YA46835 YA90499 S.M. Abercrombie, C.J. Hodgson WORK DONE FOR: Canamax Resources I n c . REMARKS: #47 HOEY DIAMOND DRILLING h. 5-9 1987 61'32 TYPE OF WORK: (F2, F3) September 28, 1987 1987 D R I L L I N G ASSESSMENT REPORT TITLE: Iona Silver Property AUTHORS: S.M. DATE: September, WORK PERIOD: July 5 CLAIMS: Camp, Abercrombie, - Hodgson 1987 J u l y 9, Hope, C.J. Rain, 1987 Snow COMMODITY: LOCATION: - Area C e n t r a l Yukon - Mining D i s t r i c t Watson L a k e - N.T.S. 10 5 ~ / 8 , 10 5 F / 9 - Coordinates 6 1 " 3 2 ' ~1 3 ~2"10'@kl OWNERS: Aigner Holdings Ltd. OPERATOR: Canamax R e s o u r c e s I n c . CANAMAX VANCOUVER OFFICE TABLE OF CONTENTS SUMMARY.................................................. 1 CONCLUSIONS.............................................. 1 INTRODUCTION L o c a t i o n , Access.................................... C l a i m s Status....................................... 2 2 DIAMOND D R I L L P R O G R A M G e n e r a l Statement................................... Results............................................. 2 3 FIGURES F i g u r e 1. D r i l l H o l e and Core S t o r a g e Location (1" = 1/2 m i l e ) .............A f t e r APPENDICES Appendix I Appendix I1 Appendix I11 Statement o f Costs Statement o f Q u a l i f i c a t i o n s Diamond D r i l l Logs Page 2 SUMMARY T h i s a s s e s s m e n t r e p o r t p r e s e n t s r e s u l t s o f diamond d r i l l i n g conducted on t h e Iona S i l v e r p r o p e r t y i n J u l y , 1987. The p r o p e r t y c o n s i s t s o f 1 0 5 m i n e r a l c l a i m s h e l d by Canamax R e s o u r c e s I n c . Ltd. under o p t i o n from Aigner Holdings The c l a i m s a r e l o c a t e d 50 k i l o m e t r e s s o u t h - s o u t h e a s t o f R o s s R i v e r i n t h e W a t s o n L a k e M i n i n g D i s t r i c t , Yukon Territory. The d r i l l program c o n s i s t e d o f a t o t a l o f 1 , 6 9 2 . 2 m e t r e s o f NQ c o r e d r i l l i n g i n 19 h o l e s , o f which 95.1 i n one h o l e is documented i n t h i s assessment r e p o r t . d r i l l h o l e i n q u e s t i o n i s l o c a t e d o n t h e Camp 7 c l a i m . D r i l l h o l e IS-87-22 e x t e n t o f t h e A-1 tested the projected northern ('3tump)silver-bearing galena vein. CONCLUSIONS No m i n e r a l i z a t i o n w a s e n c o u n t e r e d i n d r i l l h o l e IS-87-22. metres The INTRODUCTION Location, Access T h e I o n a S i l v e r p r o p e r t y i s l o c a t e d 5 0 km s o u t h - s o u t h east of Ross R i v e r i n t h e S a i n t C y r Range o f t h e P e l l y Mountains. Access i s by a 4 5 - k i l o m e t r e road which t u r n s south o f f southeast of Ross R i v e r . gravel t h e R o b e r t C a m p b e l l H i g h w a y 1 5 km Most p a r t s o f t h e p r o p e r t y a r e r e a d i l y a c c e s s i b l e v i a 4-wheel from t h e above-mentioned all-weather d r i v e spur roads which depart all-weather road. Claims Status The p r o p e r t y c o n s i s t s o f 105 m i n e r a l c l a i m s l o c a t e d i n t h e Watson Lake M i n i n g D i s t r i c t , 111). Camp, Yukon ( F i g u r e 1, Appendix Work documented i n t h i s r e p o r t i s b e i n g a p p l i e d t o 1 4 Hope, R a i n a n d Snow c l a i m s . DIAMOND D R I L L PROGRAM General Statement T h e NQ d r i l l h o l e d e s c r i b e d i n t h i s r e p o r t was d r i l l e d b e t w e e n J u l y 5 a n d J u l y 9, Kamloops, 1987 b y Connors D r i l l i n g L t d . of B.C. The h o l e t e s t e d f o r fissure/vein the s t r i k e extension o f the A-I i n Ordovician(?) b l a c k shale. T h e c o r e was l o g g e d b y Canamax g e o l o g i s t s , Hodgson and S h i r l e y ~ b e r c r o m b i e . Chris The c o r e i s p r e s e n t l y i n s t o r a g e i n c o r e r a c k s a t t h e Canamax K e t z a R i v e r camp o n t h e P e n g u i n 4 c l a i m ( F i g u r e 1) . Results H o l e 15-87-22 i s an e a s t e r l y i n c l i n e d hole (-70") drilled in O r d o v i c i a n b l a c k s h a l e and mudstone. m i n e r a l i z a t i o n w a s e n c o u n t e r e d t o a d e p t h o f 95.1 No metres. The hole was collared in the southeast corner o f the Camp 7 claim. C.J. WJVHodgson APPENDIX I STATEMENT OF COSTS APPENDIX I STATEMENT OF COSTS IONA S I L V E R PROPERTY S U M M A R Y OF WORK: Diamond Drilling P E R I O D OF WORK: July 5 D I A M O N D DRILLING: C o n n o r s D r i l l i n g Ltd. 2007 West Trans Canada Highway V I S 1A7 K a m l o o p s , B.C. Invoice Number 14016 $31,445.63 WORK APPLIED: 4 years to 12 claims 3 years to 2 claims - July 9, 1987 $ 5,450.00 APPENDIX I 1 STATEMENT OF Q U A L I F I C A T I O N S Statement o f Q u a l i f i c a t i o n s Name : S h i r l e y M. Address: # 2 - 6386 E a s t B o u l e v a r d V a n c o u v e r , B.C. V6M 3V8 Education: U n i v e r s i t y o f Western O n t a r i o Abercrombie - U n i v e r s i t y o f B r i t i s h Columbia- Experience: Honours B.Sc. 1981 M.Sc. Geology (anticipated) Summer 1 9 7 9 - 1 9 8 0 O n t a r i o Geological Survey Field Assistant Summer 1 9 8 1 Anaconda Canada E x p l o r a t i o n Field Assistant Anaconda Canada E x p l o r a t i o n Geologist Summer 1 9 8 4 Noranda E x p l o r a t i o n s Geologist Summer 1 9 8 5 Noranda E x p l o r a t i o n s Geologist Summer 1 9 8 6 Canamax R e s o u r c e s I n c . Geologist Summer 1 9 8 7 Canamax R e s o u r c e s I n c . Geologist APPENDIX I 1 1 DIAMOND D R I L L LOGS IONA SILVER PROPERTY CANAIUU( ESOURCES INC. COORDINATES ZONE A1 D.D.H. NO I S - 19+36 S SECTION 1+06 W DATE STARTED COLLAR ELEVATION 1677 M DATE COMPLETED J u l y 9, 1987 AZIMUTH AT COLLAR 085 0 DIP AT COLLAR -70 0 TOTAL DEPTH 95.10 m CORE SIZE J u l y 5, 1987 84 CORING METHOD Wireline LOGGED BY C.J. Hodgson T i DRILLING CONTRACTOR Connors D r i l l i n q SURVEY DATA COMMENTS SUMMARY LOG FROM 0 13.56 95.10 TO GEOLOGY 13.56 Casing 95.10 Black s h a l e w i t h minor, t h i n s i l t stone i n t e r b e d s I n t r u s i v e ( s y e n i t e ? ) dykes a t 44.7-46.0, 52.8-54.5, 64.35-65.6 m End o f Hole WEIGHTED ASSAY AVERAGES TRUE rlIDTt 87 - 22 IONA SILVER PROPERTY D.D.H. SHEET C A N W RESOURCES INC. I N O T E -13.56 13.56-34.88 -- From Black Shale, sheared p a r a l l e l t o c o r e a x i s ; a l s o bedded p a r a l l e l t o C.A. minor q t z v e i n s I-IOcm, 15 cm q t z - a n k e r i t e e s p e c i a l l y 16.15 m; v e r y f a u l t e d 17.50-22.6 m 44.6 -46.0 Grey f e l d s p a r porphyry s y e n i t e ( ? ) w i t h disseminated f u c h s i t e (?). Cut by q t z - c a l c i t e v e i n s up t o 10 cm Dyke i s 45" t o C.A. 46.0 -95.1 Black s h a l e as a t 34.88-44.6 Grey f e l d s p a r porphyry; 45" t o C.A. Grey f e l d s p a r porphyry; 45" t o C.A. Black sand Ankerite-quartz-pyrite *I% galena v e i n s t o 8 cm 45" t o CA. 1 v e i n per 25 cm End o f Hole - I To Length (m) Casing Black Shale, interbedded gy s i l t s t o n e , competent unsheared 60-90" Bedding t o C.A. 35.1 - - S 34.88-44.6 52.7-54.5 64.4-65.3 66.9-67.1 79.0-95.1 22 1 SAMPLE DATA Sample Number 0 IS-871 OF I Department of Indian Affairs and Northern Devebment YUKON QUARTZ MINING ACT FORM "C" - APPLICATION FOR A CERTIFICATE OF WORK 28 SEP 1987 '\?., (TNS form required in duplicate with sketch showing location of work.) Elizabeth K . Boyd <I(Name) I Occupation Secretary 601-535 Thurlow St. , Vancouver, B. C. 1 V6E 3L6 OFFICE DATE STAMP MAKE OATH A N D SAY,THAT :Iam the owner, or agent of the owner, of the mineral claim(~)to which reference is made herein. 1. , Ihave done, or caused to be &no, work a the following mineral cIaImQ: (Here list claims on which work was actually done by number and name) 2. Y94455 Camp 7 Ketza River area situated at the in Watson Lake 105F9 Claim Sheet Nc. k i n g Disfrkt, to the value of at least $59 450 I 5th dollan, since the to rqr-t day of July 19 87 the following mineral clalkn under tho authority o f Grouping C d i f i c a t o No. (Here list claims t o be renewed i n numerical order. bv number and name. showing renewal period requested). Y Y Y Y 94453 94454 94455 94456 Camp Camp Camp Camp Hope Hope Hope Hope Hope Hope Rain Snow YA11205 YA11206 YA11207 YA11208 YA11209 YA46835 YA90499 3. 5 6 7 8 2 3 4 5 6 1 4 yrs each claim YA 35525 Camp 17 3 114 yrs each YA 35526 Camp 18 common date to November 1, 1993 The following i s o detailed statement of such work: (Set out full particulars of the work done in the twelve months in which such work is required to be done, as shown by Section 53.) July 5-9 310' NW & NQ Diamond Drilling IS-87-22 Connors Drilling Ltd. 1007 W. Trans Canada Highway, Kamloops, B. C. V1S 1A7 Inv.!I14016 = $5,700.16 .. sworn before me at Vane ewer , B C thisn<f-,zday September of nY 0 7 Notary Public Applicant. 9
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