a technical report on the key lake southwest …

Andrew J. Gracie Consulting Geoscientist i

A TECHNICAL REPORT ON

THE KEY LAKE SOUTHWEST PROPERTY OF

MAJESTA RESOURCES INC. ATHABASCA URANIUM DISTRICT

SASKATCHEWAN

FOR

HODGINS AUCTIONEERS INC.

BY

Andrew J. Gracie, Ph.D., P.Geo. Consulting Geoscientist

November 27, 2014 La Ronge, Saskatchewan

Andrew J. Gracie Consulting Geoscientist ii

Andrew J. Gracie Consulting Geoscientist iii

TABLE OF CONTENTS CERTIFICATE AND CONSENT ITEM 1: SUMMARY…………………………………………………………………..1 ITEM 2: INTRODUCTION……………………………………………………………3 ITEM 3: RELIANCE ON OTHER EXPERTS ………………………………………3 ITEM 4: PROPERTY DESCRIPTION AND LOCATION …………………………3 ITEM 5: ACCESSIBILITY, CLIMATE, LOCAL RESOURCES,

INFRASTRUCTURE, PHYSIOGRAPHY ………………………………..7 ITEM 6: HISTORY…………………………………………………………………….8 ITEM 7: GEOLOGICAL SETTING AND MINERALIZATION …………………….8 ITEM 8: DEPOSIT TYPES …………………………………………………………13 ITEM 9: EXPLORATION…………………………………………………………... 14 ITEM 10: DRILLING ………………………………………………………………….24 ITEM 11: SAMPLE PREPARATION, ANALYSES AND SECURITY ……………25 ITEM 12: DATA VERIFICATION ……………………………………………………25 ITEM 13: MINERAL PROCESSING AND METALLURGICAL TESTING ………25 ITEM 14: MINERAL RESOURCE ESTIMATES …………………………………. 25 ITEM 15: MINERAL RESERVE ESTIMATES……………………………………. 25 ITEM 16: MINING METHODS…………………………………...…………………. 25 ITEM 17: RECOVERY METHODS……………………………………………...…. 25 ITEM 18: PROJECT INFRASTRUCTURE………………………………………... 25 ITEM 19: MARKET STUDIES AND CONTRACTS………………………………. 25 ITEM 20: ENVIRONMENTAL STUDIES, PERMITTING AND SOCIAL OR

COMMUNITY IMPACT…………………………………………………... 25 ITEM 21: CAPITAL AND OPERATING COSTS……………………….…………. 26 ITEM 22: ECONOMIC ANALYSIS…………………………………………………. 26 ITEM 23: ADJACENT PROPERTIES……………………………..……………. 26 ITEM 24: OTHER RELEVANT DATA AND INFORMATION……………………. 26 ITEM 25: INTERPRETATION AND CONCLUSIONS……………………………. 27 ITEM 26: RECOMMENDATIONS…………………………………………………. 28 ITEM 27: REFERENCES…………………………………………………………… 30 APPENDIX 1 ………………………………………………………………………… 33

Andrew J. Gracie Consulting Geoscientist iv

LIST OF ILLUSTRATIONS

Figure 1 General Property Location ……………………………………………. 5

Figure 2 Claim Location …………………………………………………………. 6

Figure 3 Regional Geology Athabasca Basin …………………………………. 10

Figure 4a Local Geology …………………………………………………………. 11

Figure 4b Property Geology with Drill holes ……………………………………. 12

Figure 5 Geological Setting of Unconformity – associated U deposits ……… 13

Figure 6 Examples of Unconformity Associated Uranium Deposits ..……… 14

Figure 7 2008 & 2009 Geochemical sample highest results …………………16

Figure 8 2010 Tempest EM, Magnetic Survey, Condor Target Zones..…….. 17 Figure 9 2011 VTEM, Magnetic and Target Zones ………………………. 18

Figure 10 2013 Sandstone Boulder ICP Results, with Condor VTEM Target Zones, Thick Lake area……………………………………………. 21

Figure 11 2013 & 2014 Lake Water Radon determinations, with Condor VTEM Target Zones, Thick Lake area …………………………………… 22

Figure 12 2014 VTEM, Magnetic Survey and Structural Lineaments, (S-112322, Thick Lake area) …………………………………………………….. 23

Figure 13 KLSW 2014 Anomaly Areas A1-A6, with elevated radon in water sites, drill holes and conductive trends. …………………………… 24

Figure 14 Priority Target Zones for modelling and drill target definition in the Thick Lake area……………………………………………………. 29

LIST OF TABLES

Table 1 Mineral Claim Details ………………………………………………… 4

Table 2a Relevant Airborne Ground Assessment Files …………………… 33

Table 2b Relevant Ground Assessment Files ……………………………….. 34

Table 3 Phase 1, Budget …………………………………………………. 28

Table 4 Phase 2: Budget ……………………………………………….. 28

Andrew J. Gracie Consulting Geoscientist - 1 -

ITEM 1: SUMMARY

Majesta Resources Inc’s. (Majesta) Key Lake Southwest (KLSW) Property is

located southeast of Cree Lake and 15 to 45 km southwest of the active Key Lake

mill and the mined out Dielmann and Gaertner open pits. The property consists of 9

claims which cover 39,125 ha. The claim boundaries changed in 2010-2011. Claim

S-110893 lapsed and S-112322 was staked in the Thick Lake area.

The property covers the contact between the Mudjatik and Wollaston Domains.

This zone of ductile deformation hosts uranium mines to the northeast, and is an

important part of the property.

Majesta collected 180 lake water and lake sediment samples during a 2008

program and 699 soil samples during summer 2009. Best results were a maximum

of 14.3 pCi/L radon in water samples, 54 ppm U and 27.6 pCi/L radium from lake

sediment. In the soil sampling program best results obtained were a maximum of

95.5 pCi/L radium and 40 ppm U.

Kirrin Resources Inc. (Kirrin) (KYM-TSX) completed two airborne magnetic and

electromagnetic surveys, with relevant interpretation and a prospecting program in

2010-2011. The 2010 interpretation of a 1076 kilometres Fugro Geoscience

TEMPESTTM airborne EM and magnetometer survey data identified 78.2 kilometres

of conductive trends. Processing of the data by Condor Consulting Inc. (Condor)

interpreted 19 target anomalies with 4 areas demonstrating a wide response due to

a surficial or flat-lying source.

The 2011 interpretation of the 1615 km of Geotech Ltd. (Geotech) VTEMTM

airborne survey data by Jagodits of Savaria Geophysical Inc. identified a marked

change in magnetic patterns between the property’s western and eastern sections,

correlating to the Mudjatik and Wollaston domain rocks. A northeast striking, linear

magnetic high trend forms the western boundary of the Wollaston Domain.

Conductance in 35 segments ranged from <5 to>25 siemens. A high priority rating

was given to 37% of the conductors. Radiometric prospecting traverses along four

of the VTEM conductive trends failed to identify any significant anomalies.


A 2013 Majesta boulder sampling program on the Thick Lake area collected 191

composite sandstone samples. SRC Geoanalytical Laboratory ICP analysis and

clay alteration percentage calculations obtained results of up to 11.4 ppm As, 22

ppm Li, 2.0 ppm Mo, 34 ppm Th and 4.4 ppm U. Sixty-four radon determinations of

lake water samples were also collected. 24.48 pCi/L at the northeast end of Thick

Lake was the highest value obtained.

April 2014, Majesta reported results of radon determinations on 264 lake-bottom

water samples. Several clusters of readings over two times background were

identified. Radon values reached 48.2 pCi/L. Grid line-cutting with total field

magnetic and limited HLEM surveys were conducted on parts of the Thick Lake

claim as well. May, 2014 Majesta ran radon determinations on a 211 sample

helicopter assisted lake bottom water sampling program. Several areas with greater

than twice background were identified associated with the 2010 airborne VTEM

target zones.

June, 2014 Geotech flew a 254 line kilometres of VTEMTM airborne survey over the

Thick Lake area of the KLSW property. Condor interpreted the data which identified

108 deep source point anomalies and 41 wide source anomalies, which were

grouped into 11 Target Zones. Each anomaly in every Condor target zone is rated

as to their significance using geological and geochemical sampling results from the

Thick Lake area.

The property is underlain by Aphebian metasediments lying on Archean felsic

gneisses. Athabasca Group sandstone’s edge is very close. The assumption that

sandstone once covered the property is reasonable. The unconformity uranium

deposit or basement hosted uranium mineralization models should apply.

Basement hosted uranium mineralization is known at Millennium mine, (to 200m

below the unconformity) and at Denison Mines Corp’s recent Gryphon zone

discovery (to 250m below the unconformity) on the Wheeler River Property.

Millennium is north-north-east and Gryphon is north-east of KLSW Property. The

Athabasca Basin produced 15.4% of the world’s primary production of uranium in

2012.


An exploration program is recommended that will drill test the highest priority target

zone anomalies identified in the 2014 VTEM survey. Six of the eleven target zones

are located near the anomalous radon in lake water and altered sandstone

boulders. Anomalies in each of this target zones requires drill testing to determine

the VTEM anomaly for uranium mineralization. Maxwell modelling of these targets

will be performed to obtain the most favourable location, dip, azimuth and depth of

the drill target.

Continuation of the ground evaluation by prospecting, boulder, lake-bottom water

and sediment sampling along the remainder of the VTEM target zones is

recommended. Drill testing of any new targets is contingent on positive results.

ITEM 2: INTRODUCTION

This report on the KLSW property was commissioned by Grant Hodgins of

Hodgins Auctioneers Inc. The report is based on a study by the writer on

information obtained from the Appendix 1 Saskatchewan Assessment Record

files, the Saskatchewan Geological Atlas, and the papers listed in ITEM 27 of this

report. A property visit was made 19th November 2014 by truck from La Ronge.

The report’s purpose is to assess the potential of finding economic deposits of

uranium on the claims and to make recommendations for further exploration. The

report may be used to obtain financing to fund further exploration.

ITEM 3: RELIANCE ON OTHER EXPERTS

Not applicable

ITEM 4: PROPERTY DESCRIPTION AND LOCATION

The KLSW property covers 39,125 ha, 230 km north-north-west of La Ronge,

Saskatchewan on parts of NTS 74G-01, 74B-16 and 74H-04, and 24 km southwest

of the active Key Lake mill. Centre of the property is approximately at UTM

Coordinate 424000mE 6327000mN. (NAD83; Zone 13N), as shown on Figures 1

and 2. Individual claim details are listed in Table 1.


March 2014, Hodgins Auctioneers Inc. (Hodgins) (Press Release March 6 2014)

announced they signed an option agreement to obtain a 25% undivided interest in

Majesta’s, 39,125 ha KLSW property.

Hodgins announced August 8, 2014, that a wholly owned subsidiary 1839579

Alberta Ltd. (1839579) had earned a 25% undivided interest from Majesta in the

KLSW property, and has an option to acquire an additional 65% interest by

conducting exploration work, issuing shares of the corporation and making cash

payments on or before December 31, 2015. Hodgins (1839579) financed Majesta’s

2014 exploration work under this agreement. Majesta will act as operator until

Hodgins (1839579) has earned its interest. No environmental liabilities are known.

June 2014 Saskatchewan Environment issued exploration drilling permits which will

remain in good standing until December 31, 2015.

Table 1: List of Mineral Claim Details, Key Lake Southwest Property (Figure 2).

Claim Number

Location Hectares Yearly Assessment

Stake Date N.T.S. Map Sheet

S-110101 Huston Lake 4001 $ 48,012. April 25, 2007 74G-01

S-110715 South Wheeler River

3495 $ 41,940. April 25, 2007 74G-01

S-110716 Laverdiere Creek

5395 $ 64,776. April 25, 2007 74G-0-1&74H-04

S-110717 Seager Lake 5186 $ 62,232. April 25, 2007 74G-01 S-110891 Dunsmore L 4326 $ 51,912. May 25, 2007 74G-01 S-110892 Seager Lake 4655 $ 55,860. May 25, 2007 74G-01 S-110894 Laszchuk Lake 5545 $ 66,540. May 25, 2007 74G-01 & 74B-16 S-111627 Lasky Lake 2334 $ 28,008. Sept 27, 2010 74B-16 S-112322 Thick Lake 4185 $ 50,100. Sept 09, 2011 74B-16


Figure 1 General Property Location.


UTM: NAD 83, Zone 13N

Figure 2: Majesta Mineral Claims, Key Lake Southwest Property


ITEM 5: ACCESSIBILITY, CLIMATE, LOCAL RESOURCES,

INFRASTRUCTURE, PHYSIOGRAPHY

The general area is accessible by truck on all weather gravel highway 914 which

connects with highway 165, passes close to the eastern side of the property, and

cuts the southeast corner of S-112322. Thick and Seager Lakes on the

property’s eastern boundary, are trail accessible. Helicopter, float or ski equipped

aircraft available in La Ronge, give access to the property.

The climate is sub artic with temperatures ranging from –500 C in mid winter to +300

C in summer. Spring breakup is typically April through May and freeze up late

October through November. Snow and rainfall is usually moderate. Prospecting,

boulder sampling and soil sampling are limited to the June-September period.

Ground geophysics and diamond drilling are more often carried out in the winter

season by using winter roads, frozen swamps and lake ice.

The Town of La Ronge, located about 230 km to the southeast of the property, is

the closest major service and government centre in northern Saskatchewan. The

Ministries of Environment and the Economy have offices in town where permits

may be obtained. Assessment work records, technical reports, mineralized core

and rock libraries may also be consulted. La Ronge also hosts a number of hotels,

grocery stores, snow machine dealerships, lumberyards, hardware stores, service

stations, transport companies and other businesses. Several exploration

contractors also offer their services. No local infrastructure exists on the property

The property is in the Churchill River Upland Ecoregion. The topography of the

Ecoregion is typical of Precambrian Shield with much of the bedrock topography

masked by glacial drift. A mixture of hummocky kame and kettle glaciofluvial plain

and drumlinoid moraine predominates. On sandy areas, like outwash plains and

eskers, a closed jack pine forest with a uniform under story is found. The ground

vegetation is a dense carpet of lichens mixed with mosses, low shrubs and herbs.

Because of the extensive Quaternary cover, bedrock composition must often be

inferred from abundant glacial boulders, geophysical information and drill holes.

(Acton, Padbury and Stushnoff, 1998).


ITEM 6: HISTORY Assessment reports were examined and those relevant to the present study

prioritized and presented in Appendix 1. No significant results were found in this

search. The area saw two phases of exploration by numerous companies in the

1970’s and 1980’s related to the discovery of the Rabbit and Key Lake ore

bodies. Discovery of the Key Lake orebody demonstrated the unconformity

uranium deposit model. Previous drill holes on or very close to the property are

listed here (Figure 4b)

ITEM 7: GEOLOGICAL SETTING AND MINERALIZATION

The Athabasca Group Basin covers approximately 100,000 square kilometres in

northern Saskatchewan northeastern Alberta. This area produces 15.4% of the

world’s primary uranium in 2012. The basin is made up primarily of

unmetamorphosed sandstones, which were deposited on older metamorphosed

Precambrian basement rocks. The break between the basement rocks and the

overlying sandstones is called the "unconformity". Very high grade deposits like

Dielmann and Gaertner with up to 35% U3O8 and 20% Ni over 2 vertical metres,

were discovered at the unconformity. Mineable ore also extends into basement

rocks below the unconformity approximately 150 metres at the Millennium deposit

with a 2012 measured and indicated resource of 68.2 million pounds uranium

grading 4.1% U3O8. Denison Mines Corp. has found basement hosted uranium

mineralization at 200 m below the unconformity in their Gryphon Zone on the

Wheeler River project, approximately 4 km northwest of the Phoenix deposit.

Depth to the unconformity ranges from a few metres at the basins rim to 1500

metres at its centre. The Eagle Point mine and the Patterson Lake South discovery

were found outside but close to the margin of the Athabasca sandstones. Eagle

Point produced 4.1 million pounds U3O8 in 2013. Mineralization at Patterson Lake

South extends to approximately 350 metres below the bedrock surface.

The Key Lake Southwest property is close to the present Athabasca Group margin.

Regolith, which is alteration of upper metamorphosed basement rocks at the

unconformity, is present on the property. This suggests that the glacial erosion of


basement rocks below the unconformity was not deep and that unconformity

related uranium mineralization in the area could have been preserved. No

significant uranium mineralization has been found to date on the property.

The property is in the south-eastern Athabasca basin and covers the transition

zone from Mudjatik Domain, mostly Archean granite, to Wollaston Domain where

graphitic bearing metasediments predominate. Folded keels of metasediments

occur in the Mudjatik lie on top of the granite. Metasediments dominate in the

Wollaston where Archean granite is present as domes within the metasediments.

The faulted Mudjatik – Wollaston Domain transition zone extends from Wollaston

Lake to Key Lake Southwest and contains five uranium mines

Minor uranium occurrences have been found on the property. Southeast of

Round Lake uranium staining and values from 0.01-0.1% U3O8 in boulders was

described. Rock types were pegmatitic granite gneiss and some graphite. At

Thick Lake, in the middle of the northwest shore a calc-silicate outcrop assayed

0.016% U3O8. A Davies Creek a calc-silicate gneiss outcrop in the southeast part

of S-112322, gave values of 0.029% to 22.0% U3O8. Two boulders of gneiss and

pegmatite gave values of 0.32% and 0.034% U3O8, respectively.


Figure 3 Regional Geology Athabasca Basin


Figure 4a Local Geology


Figure 4b: Property Geology with Drill Holes


ITEM 8: DEPOSIT TYPES

Unconformity-associated uranium deposits are pods, veins, and semi-massive

replacements consisting of mainly uraninite close to basal unconformities, in

particular those between Proterozoic conglomeratic sandstone basins and

metamorphosed basement rocks.

The basement gneiss was intensely weathered and deeply eroded with variably

preserved thickness of reddened, clay-altered, hematitic regolith grading down

through a green chloritic zone into fresh rock. The basement rocks typically

comprise highly metamorphosed granitoids and metasedimentary gneisses

including graphitic metapelite that hosts many of the uranium deposits.

Mines comprise various proportions of two ore categories. Monometallic,

generally basement-hosted uraninite fills veins, breccia fillings and replacements

in fault zones. Polymetallic, commonly sub horizontal, semi-massive

replacement uraninite forms lenses just above or straddling the unconformity,

with variable amounts of uranium, nickel, cobalt, and arsenic; and traces of gold,

platinum-group elements, copper, rare-earth elements, and iron

Figure 5; Geological Setting of Unconformity - associated uranium deposits in the eastern part of the Athabasca Basin (after Jefferson, et al, 2007)


Figure 6: Examples of Three End-point Shapes and Positions of Unconformity Associated Uranium Deposits (from Jefferson., et al, 2007).

ITEM 9: EXPLORATION

9.1 Majesta Work Prior to 2012.

9.1.1 Majesta 2008 - 2011

Exploration carried out by Majesta in 2008 and 2009 included lake sediment, water

and soil sampling programs. In 2008 sampling results from 180 lake sediment and

water samples collected with a Jet Ranger helicopter landing on frozen lakes. Best

results were a maximum of 14.3 pCi/L radon in water, 54 ppm U and 27.6 pCi/L

radium in sediments (Figure 7).

In 2009 Majesta reported results from 699 soil samples, collected from trends

identified from historic INPUT EM surveys and geology. The SRC Geoanalytical


Laboratory in Saskatoon did the geochemical analysis. Radon determinations were

done with Pylon degassing apparatus. R. Morse calculated the results. Best results

were a maximum of 95.5 pCi/L Ra, and 40 ppm U (Figure 7).

9.1.2 Kirrin Work 2010 - 2011

Kirrin completed two airborne magnetic - electromagnetic surveys, with relevant

interpretation and a ground radiometric prospecting program in 2010 and 2011 as

part of an option to earn a 70% interest from Majesta. No work was reported on S-

110893, which was allowed to lapse.

A 2010, 1076 km Fugro Geoscience TEMPESTTM airborne EM and magnetometer

survey identified 78.2 kilometres of conductive trends. Processing of the data by

Condor interpreted 19 target anomalies with 4 areas demonstrating a wide

response due to a surficial or flat-lying source. This interpretation thought that these

weak near surface conductors might represent remnants of regolith alteration

(Figure 8).

The 2011 interpretation of 1615 km of Geotech Ltd. VTEMTM airborne survey data

by F.L. Jagodits, Savaria Geophysics identified a marked change in magnetic

patterns between the property’s western and eastern sections, correlating to the

Mudjatik and Wollaston domain rocks. A northeast striking, linear magnetic high

trend forms the western boundary of the Wollaston Domain. Thirty-five conductor

segments with a conductance ranging from <5 to>25 siemens were prioritized. A

high priority rating was given to 37% of the conductors and 14% were rated as

moderate priority. Graphite or pyrite are believed to cause VTEM conductors with

high conductance and low associated magnetic susceptibility. Radiometric

prospecting traverses conducted in 2011 along four of the VTEM conductors failed

to identify any significant radioactive anomalies.


Figure 7: Geochemical sample locations with location of highest results in each sampling program during 2008 and 2009.


Figure 8: 2010 Tempest AEM / Magnetic Survey, Condor Conductor Picks and

Target Zones on Total Field Magnetics.


Figure 9 Compilation of Tempest, VTEM Target Zones and Magnetic results.


9.2 Majesta Work 2013 - 2014

Majesta staked S-112322, the Thick Lake claim in September 2011. Majesta

carried out VTEM, HLEM, Magnetic, boulder and water sampling surveys on S-

112322 in 2013 and 2014. Lines were cut where necessary.

9.2.1 Boulder Sampling Program

The August 2013 boulder sampling program collected 191 composite sandstone

samples in the Thick Lake area using GPS traverses orientated at 1200 - 2800.

Two prospectors on each line spaced at 200 and 400 m collected samples every

200 m. A composite sample was collected from angular sandstone boulders

within a 25 metre area. The boulder density and number of pieces sampled was

recorded. Samples comprised of 4-10 small pieces were photographed,

described, bagged, labelled and sent for analysis. Any sample other than

sandstone was excluded from analysis.

The samples were sent to the SRC Geoanalytical Laboratory in Saskatoon for

multi-element ICP, U-exploration analysis 16 elements in partial digestion and 46

in total digestion. From the analytical determinations the percentages of Kaolin,

Illite, Di-Tri-Chlorite and clay are approximated. Best ICP analytical results were

11.4 ppm As, 22 ppm Li. 2.0 ppm Mo, 34 ppm Th and 4.4 ppm U. The sandstone

boulders are altered. (Figure 10)

9.2.2 Radon Analysis

September 2013, Majesta reported radon determinations on 64 lake-bottom water

samples collected from the Thick Lake area. The highest radon value of 24.48

pCi/L was obtained at the northeast end of Thick Lake. The results averaged 3.28

pCi/L with 5 samples or 7.9% averaging more than 10 pCi/L and 12 samples or

19% with more than 6 pCi/L. (Figure 11).

Robert Morse provided consultation during the water sampling and radon

determination exploration programs. Morse also corrected the readings for radon

in pCi/L, radon decay between sampling and bubbling times, Also for lack of


equilibrium of radon with its two alpha-emitting daughters due to shortened wait

time between bubbling and counting.

Robert Morse’s manual “Procedures for Radon, Thorium and Radium In

Geochemical Exploration using a portable radon detector of the Lucas-cell type

and a water degassing system“ was followed during the collection and degassing

of the samples. For example degassing of the water samples entails

systematically completing and recording times throughout each step in the

analysis of the sample. First each Lucas cell is read with the Pylon AB-5 monitor

to establish a background level for each cell. A fresh cell was used for each

sample-procedure, with background counts recorded in the degassing log.

Duplicate samples were tested from samples collected at the same site several

days later to verify the calculated results between sample times.

9.3 Majesta Work Funded by Hodgins (1839579)

Grid line-cutting for 144 km total field magnetic and 18 km HLEM surveys were

completed over parts of the Thick Lake claim between March and May, 2014.

HLEM survey results were correlated with the 2014 VTEM data.

May 2014, Majesta reported results on radon determinations of 211 lake-bottom

water samples. Several areas associated with VTEM anomalies returned values

greater than twice background. Only part of the planned program was completed.

June, 2014 a 254 line kilometre Geotech VTEMTM airborne survey over the Thick

Lake area was completed. Condor’s interpretation identified 108 deep source point

anomalies and 41 wide source anomalies, which were grouped into 11 clusters or

trends. A similar interpretation of the 2011 VTEM survey data identified 6 new

target zones and clarified 4 wide zone anomalies. (Figure

November 2014 Majesta compiled the geochemical sampling results with the

Condor VTEM interpretation. Drill testing several anomalies was then

recommended.


Figure 10: 2013 Sandstone Boulder ICP Results, with Condor VTEM Target Zones, Thick Lake area.


Figure 11: 2013 & 2014 Lake Water Radon determinations, with Condor VTEM Target Zones, Thick Lake area


Figure 12: 2014 Condor VTEM Target Zones, total field magnetics and Magnetic Lineaments, Thick Lake area.


Figure 13 KLSW 2014 Anomaly Areas A1-A6, with elevated radon in water sites, drill holes and conductive trends. ITEM 10 DRILLING The issuer has not conducted any drill programs to date.


ITEM 11 SAMPLE PREPARATION, ANALYSES AND SECURITY

- The SRC Geoanalytical Laboratory in Saskatoon carried out the soil and boulder sample analysis.

- Section 9.2.1 of this report describes the boulder sampling procedure. - Section 9.2.2 of this report describes the radon sampling procedures and - Morse was available for consultation with Majesta’s field crew during the

collection and field treatment of the samples. - The author believes that Majesta has taken adequate steps to ensure that

sample preparation, security and analytical procedures are adequate.

ITEM 12 DATA VERIFICATION The author has read the relevant reports

ITEM 13: MINERAL PROCESSING AND METALLURGICAL TESTING Not applicable ITEM 14: MINERAL RESOURCE ESTIMATES Not applicable ITEM 15: MINERAL RESERVE ESTIMATES Not applicable ITEM 16: MINING METHODS Not applicable ITEM 17: RECOVERY METHODS Not applicable ITEM 18: PROJECT INFRASTRUCTURE Not applicable ITEM 19: MARKET STUDIES AND CONTRACTS Not applicable

ITEM 20: ENVIRONMENTAL STUDIES, PERMITTING AND SOCIAL OR COMMUNITY IMPACT June 2014, Saskatchewan Environment issued permits for exploration and

drilling on the KLSW property. These permits will remain in effect until December

31, 2015. Environmental studies are not necessary at this time, so have not been

carried out. Neither social, or community impact is currently applicable.


ITEM 21: CAPITAL AND OPERATING COSTS

Not applicable ITEM 22: ECONOMIC ANALYSIS Not applicable ITEM 23: ADJACENT PROPERTIES The Key Lake mill and mined out Dielmann and Gaertner pits are 15 kilometres

from the northeast corner of S-112322. The BV and GAX uranium zones lie

southwest of the mill. DDH LN-01 drilled four km north of the north corner of S-

112322, cut 6.7 m width of sooty pitchblende and pyrite averaging 0.06% in

graphitic gneiss. A 0.3 m interval within the 6.7 m assayed 0.98% U3O8.

ITEM 24: OTHER RELEVANT DATA AND INFORMATION The Millennium, Eagle Point and Shea Creek deposits are examples of uranium

deposits occurring in basement metamorphic rocks below the Athabasca

sandstone.

A 2006 Cogema Resources Inc. compilation with potential areas of interest in the

Key Lake area made by combining magnetic data with interpreted regional

structures at N/S, E/W and ENE directions overlaps the northern part of S-112322.

The Key Lake model includes faulted pelites close to granite. Structural studies

should include interpreted granites as well as faults

Previous unsuccessful drilling in the northeast part of the property tested the

boundary areas, except for one hole near Thick Lake. The hole contained no

significant uranium values.

Regolith reported by Pan Ocean in 1978 east of Dunsmore Lake indicates that

glacial erosion of the metamorphosed basement hosted mineralization in the area

to be preserved. The recent Patterson Lake South uranium mineralization starts at

50 metres below surface, close to the edge of the Athabasca Basin.


ITEM 25: INTERPRETATION AND CONCLUSIONS

Over 80 km of VTEM conductive target zones have been identified. These highly

conductive zones are due to graphite layers in the pelites. The 2011 VTEM survey

has defined a number of significant bedrock conductors. Geochemical sampling of

sandstone boulders to check for clay alteration, lake water soil and sediment

samples for radon has shown correlation with the target zones. Maxwell modelling

has been used successfully to determine the optimum location for drill testing.

Six of the high priority target zones have been identified in the Thick Lake area that

have direct correlation with radon anomalies and altered sandstone boulders. There

are many VTEM target zones that have not yet been qualified using geochemical

methods that were used in the Thick Lake area (Figure 14).


ITEM 26: RECOMMENDATIONS

High priority VTEM anomalies in the Thick Lake area showing the best correlation

between target zones and radon anomalies should be drill tested. Maxwell

modelling of these anomalies to obtain the most favourable location, dip, azimuth

and depth of the drill target is also recommended.

Table 3: Phase 1; Budget Project planning, Maxwell modelling $ 12,000. Mobilization, Camp construction $ 28,000. Helicopter and ground support $ 40,000. Diamond Drilling (1500 m - 10 holes)) $ 200,000. Core logging, sampling, down-hole log $ 30,000. Sample Analyses $ 25,000. Field supervision and final report $ 35,000. Contingencies $ 30,000. Total, Phase 1 $ 400,000. Continuation of the ground evaluation geochemical program by conducting

prospecting, boulder sampling, lake sediment and lake-bottom water sampling with

radon analysis along all target zones not yet sampled is further recommended. Drill

testing of these targets is contingent on positive geochemical and modelling results.

Table 4: Phase 2: Budget Project planning, modelling $ 12,000. Prospect, sample collection $ 68,000. Sample analysis & radon determinations $ 30,000. Helicopter and ground support $ 65,000. Diamond drilling (1500 m 10 holes) $ 200,000. Core logging, sampling, down-hole log $ 30,000. Sample analysis (drill core) $ 25,000. Field supervision and final report $ 25,000 Contingencies $ 45,000. Total Phase 2 $ 500,000.


Figure 14 Priority Target Zones for modelling and drill target definition in the Thick Lake area.


ITEM 27: REFERENCES

1. Acton D.F., Padbury G.A. and Stushnoff C.T. (Principal Authors) The Ecoregions of Saskatchewan. Saskatchewan Environment and Resource Management Canadian Plains Research Centre, University of Regina, March 1998.

2. Andrade N., 2002, Geology of the Cigar Lake Uranium Deposit; in Andrade N., Breton G., Jefferson C., Thomas D., Tourigny G., Wilson W., and Yeo G., eds, The Eastern Athabasca Basin and its Uranium Deposits, Field Trip A-1 Guidebook, Geological Association of Canada and the Mineralogical Association of Canada, Saskatoon, May 24-26, 2002; 102 p.

3. Annesley I.R., Role of Basement in unconformity related uranium deposits in the Athabasca Basin insight and implication from the eastern side. SEG – PDAC Uranium Short Course Giant Uranium Deposits. Exploration Guidelines, models and discovery techniques.

4. Berenyi J., et al, 2008, Saskatchewan Exploration and Development Highlights, Saskatchewan Energy and Resources.

5. Cameco Corporation Annual Information Form, March 30, 2007 for year ending Dec 31, 2006.

6. Card C., Harper C., Costa A., Hughes C., Schwann P. and Delaney G.: Saskatchewan Exploration and Development Highlights 2006 PDAC Edition.

7. Carroll J., Robbins J. and Koning E., 2006, The Shea Creek Deposits, West Athabasca Basin, Saskatchewan. CIM Field Conference, Uranium: Athabasca Deposits and Analogues. CIM Geological Society.

8. Costa A., Gracie A., and Modeland S. Field Trip 4. 2006 CIM Field Conference Uranium : Athabasca Deposits and Analogues. September 13 -14, 2006

9. Cristall J., Brisbin D., 2006: Geological Sources of VTEM Responses along the Collins Bay Fault, Athabasca Basin. SEG – PDAC Uranium Short Course 2006. Giant uranium deposits: Exploration guidelines, models, and discovery techniques.

10. Dyck W. 1968. Field and Laboratory Methods Used by the Geological Survey of Canada in Geochemical Surveys. Radon Determination Apparatus For Geochemical Prospecting for Uranium. GSC Paper 68-21 Dept of Energy Mines and Resources.

11. Fugro Airborne Surveys. Basic EM Interpretation Report Airborne Magnetic and Tempest Survey Key Lake Southwest Block Saskatchewan Job No 10402. Kirrin Resources Inc. & Majesta Resources Inc.

12. Fugro Airborne Surveys, July 2010. Logistics and Processing Report, Airborne Magnetic and TEMPEST Survey, Key Lake Southwest Block, Saskatchewan. Job No. 11034

13. Gilboy C.F. 1985: Compilation Bedrock Geology: Cree Lake (NTS 74G), Saskatchewan Energy and Mines, Report 237: (1:250,000 map with marginal notes).

14. Irvine R. 2010. Report on Processing and Interpretation of a Tempest AEM/Magnetic Survey, Key Lake Southwest Area, Saskatchewan, Canada. Condor Consulting Inc. Lakewood Colorado, USA. for Kirrin Resources Inc..


15. Jagodits F.L. 2011. Report on Helicopter-Borne Magnetic and Electromagnetic-VTEM Survey: Key Lake Southwest Property, Key Lake Area, Saskatchewan. Savaria Geophysics Inc. report for Kirrin Resources Inc..

16. Jefferson C.W., and Delaney G., 2007. EXTECH IV: Geology and Uranium Exploration Technology of the Proterozoic, Athabasca Basin, Saskatchewan and Alberta. GSC Bulletin 588, SGS Special Publication 18, GAC Mineral Deposits Division Special Publication 4.

17. Jefferson C.W., Thomas D.J., Gandhi S.S., Ramaekers P., Delaney G., Brisbin D. Cutts C. Portella P. and Olson R.A.: Unconformity associated uranium deposits.

18. LeMaitre R., 2006: Recent Developments in Exploration, Geology and Deposit Models at the Eagle Point Operation. SEG-PDAC Uranium Short Course 2006. Giant Uranium Deposits: Exploration guidelines, models and discovery techniques.

19. Morse R.H. www.finderschoice.com/radon Athabasca; Radon Anomaly in Midwest Lake over Orebody, Thelon; Radon – Radium anomalies in lakes at Kiggavik, Athabasca; Radon anomaly over McLean Lake North.

20. Morse R.H. July 20, 2009 KLSW Progress Report for Durama Enterprises Limited

21. Munday R.J.C., 1977: The Geology of the Mudjatik (East) Area, Saskatchewan Department of Mineral Resources Report 168: Map 168A & B (1:100,000 scale).

22. OIson R. July 25 2011. KLSW Property – Preliminary Interpretation & Re-prioritization of Jagodts (2011) AEM Conductors. OAR-Rock Geoscience Ltd. Company Report.

23. Olson R. August 25 2011. KLSW Property – More Detailed Interpretation & Re-prioritization of Jagodits (2011) AEM Conductors. Supplemental report to Olson July 25 2011..

24. Palmer K. 2010. Golder Associates Ltd.. (43-101) Technical Report on the Shea CreekProperty Saskatchewan including Mineral Resources Estimates for the Kianna, Anne and Colette Deposits.

25. Portella P. and Annesley I.R. 2000. Paleoproterozoic thermotectonic evolution of the eastern Sub-Athabasca basement, northern Saskatchewan: Integrated geophysical and geochemical data: in Summary of Investigations 2000, Volume 2, Saskatchewan Geological Survey, Sask. Energy and Mines Misc. Report 2000-4.2

26. Renaud A.D., 2006) Unconformity and Basement – Hosted Uranium Deposits at the Rabbit Lake Operation, Collins Bay, Saskatchewan. Abstracts Volume for 2006 CIM Uranium Field Conference.

27. Roy C., Halaburda J., 2005: Millennium Deposit – Basement Hosted Derivative of the Unconformity Uranium Model. IAEA Conference in Vienna, June 21, 2005.

28. Saracoghi N., Wallis R.H., Brummer J.J.and Golightly 1983 CIM Bull Vol 76, No 852.

29. Sibbald T.I.I., Quirt D.H., Gracie A.J., 2006: Uranium Deposits of the Athabasca Basin, Saskatchewan. 8th IAGOD Symposium Field Trip Guidebook. GSC Open File 2166.

30. Slimmon W.L., 2007: Geological Atlas of Saskatchewan; Saskatchewan Industry and Resources, www.ir.gov.sk.ca

http://www.finderschoice.com/radon

http://www.ir.gov.sk.ca


31. Slimmon W.L., Sibbald T.I.I., and Thomas M.W., 1988: Compilation Bedrock Geology: Mudjatik (NTS 74B), Saskatchewan Energy and Mines, Report 244: (1:250,000 map with marginal notes).

32. Studer D. July 16 2009. Assessment Report on the 2009 Soil Sampling Survey Conducted on the Key Lake Southwest Property, Saskatchewan. A Durama Enterprises Ltd. Report for Kirrin Resources Inc..

33. Studer D. July 16 2010. Assessment Report on the 2010 Tempest Airborne Magnetic and Electromagnetic Survey Conducted on the Key Lake Southwest Property Saskatchewan. A Durama Enterprises Ltd. Report for Kirrin Resources Inc..

34. Studer D. July 25 2012. Assessment Report on the 2011 Radiometric Prospecting Conducted by Discovery Consultants on the Key Lake Southwest Property Saskatchewan. A Durama Enterprises Ltd. Report For Majesta Resources Inc..

35. Thomas D.J., Matthews R., and Sopuk V., 2000, Athabasca Basin (Canada) unconformity –type uranium deposits: Exploration model, current mine developments and exploration directions; in Geology and Ore deposits 2000: The Great Basin and Beyond, Geological Society of Nevada Symposium Proceedings, ed. Cluer J.K., Price J.G., Struhsacker E.M., Hardyman R.F., and Morris C.L., May 15-18, 2000 Volume 1, p 103-126.

36. Tourigny G., Wilson G., Breton G., and Portella P. 2005, Descriptive geology and structures associated with the Sue C uranium deposit, eastern Athabasca Basin, Saskatchewan ; in Jefferson C.W., and Delaney G., eds, EXTECH IV: Geology and Uranium Exploration Technology of the Proterozoic Athabasca Basin, Saskatchewan and Alberta: Geological Survey of Canada, Bulletin 588 (also Saskatchewan Geological Society, Special Publication 17); Geological Association of Canada, Mineral Deposits Division, Special Publication 4, in prep.

37. Venter N., 2011 Geotech Ltd.. Report on Helicopter-Borne Versatile Time Domain Electromagnetic (VTEM plus) and Aeromagnetic Geophysical Survey. Key Lake SW Property – Areas A & B Key Lake Saskatchewan for Kirrin Resources Inc..


APPENDIX 1 TABLE 2a: RELEVANT AIRBORNE ASSESSMENT FILES

File Number Year Operator Project Area Summary of Work Done 74B16-0001 1969 Darling Hydrocarbons Ltd &

Yukon Geothermal Ltd. Haultain Lake area

300 m spaced lines, EM, magnetic, radiometric surveys by Seigel and Associates Ltd.

74G01-0004 1969 Yukon Geothermal Co Ltd. Costigan Lake area

300 m spaced lines, EM, magnetic, radiometric surveys by Seigel and Associates Ltd.

74G01-0007 1969 Panocean Oil Ltd. Laverdiere Creek area

300 m spaced lines, EM, magnetic, radiometric surveys by Kenting Ltd. Geological report by J.A. McNutt. Lake water & sediment sampling report by M.W. Pyke

74H06-NE-0002 1969 Calta Mines Ltd. Russell Lake Area

Reconnaissance airborne radiometric, geological, hydrogeochemical and gravity surveys Report by R L McPherson

74H-0011 1973 Inexco Mining Co Cree – Keefe Lakes area

300 m spaced lines, radiometric surveys by Questor Geological & geochemical surveys, report by BH Tan

74B16-0006 1978 E & B Explorations Ltd Haultain Lake area

300 m spaced lines, EM, magnetic, radiometric surveys by Kenting Ltd. Assessment report by Can-Lake

74G-0006 1978 Swiss Aluminum Mining Co. of Canada Ltd.

Cree Lake area 300 m spaced lines, EM, magnetic, radiometric surveys by Scintrex, Interpretation report by Paterson Grant & Watson

74G01-NW-0025. 1978 E & B Explorations Ltd. Grassick Lake area

300 m spaced lines, EM, magnetic, radiometric surveys by Kenting Ltd. Report by R.W. Stemp, Prospecting, lake water & sediment sampling report by M.S. Clarke and R.O. Ball

74G01-0020 1979 Panocean Oil Ltd. Laverdiere Creek area

300 m spaced lines, EM (Input) and magnetic surveys by Questor. Soil and geochemical sampling report by W.C.Day

74G01-0040. 1982 Uranerz Exploration and Mining Ltd.

Burkowski, Huston, Zimmer & McMillan Lakes area

300 m spaced lines, EM (Input) and magnetic surveys by Questor. Interpretation Report by D. Kinvig

74H04-0082 1982 Uranerz Exploration and Mining Ltd.

Key - Cree Lakes area

300 m spaced lines, EM (Input) and magnetic surveys by Questor. 82 Data maps for file #74G01-0040

74H04-SW-0106 2004/06 International Uranium Corporation

Seager Lake Geophysics: Airborne AEROTEM EM and magnetic surveys: Campbell Creek & Seager Lake blocks (2004) Geophysics: Ground HLEM and mag surveys: grids A, B, C,and Fat Lake extension (2006) 1 CD ROM (104 MB) By Aeroquest, G Ostapovitch, and L Petrie


74H04-0105 2005 Cogema Resources Inc. Key Lake area Description Geophysics: Airborne gradiometer survey 1 DVD (836 MB) By N Pendrigh, R Koch

74H06-SW-0131 2006 Canalaska Ventures Ltd. & International Auinex Resources Inc

Key Lake area Geophysics: Helicopterborne VTEM TDEM & magnetic surveys (Blocks 1 to 4) 1 DVD (1.73GB) By Condor Consulting, R Irvine

74G01-SE- 2010 Kirrin Resources Inc and Majesta Resources Inc

KLSW property Geophysics: Fugro TEMPEST TEM & magnetic surveys interpretation 1 DVD (2.3GB) By Condor Consulting, R Irvine Logistics and Compilation and correlation by D. Studer

74G01-SE- 2011 Kirrin Resources Inc and Majesta Resources Inc

KLSW property Geophysics: Geotec Helicopterborne VTEM TDEM & magnetic surveys. Interpretation by F Jagodits 1 DVD (1.96B)

TABLE 2b: RELEVANT GROUND ASSESSMENT FILES

File Number Year Operator Project Area Summary of Work Done 74H04-0027 1976 Scurry Rainbow Oil Ltd. Costigan -

Seager Lakes area

Prospecting, mapping, lake water & sediment, radon sampling report ground VLF-EM & Magnetic surveys by Wollex. Pleistocene & groundwater flow report by J.A. Vonhof

74B16-0004 (74B16-0006 is a duplicate file)

1977 E and B Explorations Ltd Haultain Lake area

Property Evaluation and Lake Sediment sampling by Taiga Consultants

74G01-SE-0006 1977 Thor Exploration Ltd Seager Lake HLEM and magnetic surveys, report by R.O. Crosby, lake water & sediment sampling report by Taiga Consultants

74G01-SE-0014 1977 E and B Explorations Ltd Seager Lake VLF-EM and magnetic surveys, prospecting, lake sediment sampling report by R.K. Netolitsky, and R.H. Spooner

74H-0020 1977 Uranerz Exploration & Mining Ltd, Inexco Mining Co, SMDC

Cree – Highrock Lakes area

Prospecting, Lake water, sediment and muskeg geochemistry, Track Etch survey report by J. Rich & K. Lehnert-Thiel. Eatneinimew Lake pitchblende showing

74G01-0018 1978 Panocean Oil Ltd Laverdiere Creek area

6 ddh records (CL 1-6), sections and radiometric logs. Drilling report by W.C.Day (a very good file)

74G01-0021 1978 Mark V Petroleums and Mines Ltd..

Seager Lake 6 ddh records (#78 1-6). Ground EM survey report by R.O. Crosby Assays U3O8, Ni, and Mo. (core)

74B09-0020 1979 E and B Explorations Ltd Haultain Lake area

Prospecting, geological mapping, soil & radon sampling report, Evaluation report by R. Arnold and J.M. Adam.

74G01-SE-0028 1979 E and B Explorations Ltd Seager-Jaschinsky Lakes area

Overburden bedrock drilling and sampling; 48 drill logs (#RCS-79-1 to 48). Report by S.A. Averall. Analyses: U, Pb, Mo, Ni, Cu

74H04 -0058

1979 Scurry Rainbow Oil Ltd. - Western Mines Ltd.

Costigan -Seager Lakes area

33 ddh records (#CS 79-01 to 33). Drilling Report by M.L. Traprell. Assays: U3O8, (core)

74B16-NE-0034 1979 E and B Explorations Ltd Costigan Lake area

Ground E M and magnetic surveys No 4 grid Report, 2 maps, by J MacAdam Magnetic report, 2 maps, by E R Rockel


74B9-0021 1979 E and B Explorations Ltd Haultain Lake area

Prospecting, geological mapping, radiometric and geochemical surveys (soil, radon) Evaluation report, 213 P, 5 appendices, 33 maps, by R Arnold, J McAdam (Geophysics filed by CBS)

74G-0013 1980/84 Uranerz - SMDC - Eldor Resources Ltd

Cree – Zimmer Lakes area

Radiometric prospecting and prospectors’ traverse plots. Eatneinimew Lake pitchblende showing

74G-01-0032 1985 Minatco Ltd. Seager Lake Drilling 4 holes, logs and results Report by R Amaitre, prospecting results, boulder samples

74G-01-0033 1987 Minatco Ltd. Seager Lake Drilling 6 holes, logs and results Report by J Zimmerman, prospecting traverses, results, boulder samples

74G-01-0035 2006 International Uranium Corporation

Twin-Fat Lakes (Thick Lake grid)

6 DDH, KS-06-10 to 15 drilled in the Seager – Thick Lake area. Pelites, pegmatites, gneiss with low U values.

74H04-NE-0087 1986 Uranerz (not on property) Wilson-Zimmer Wheeler Lakes area

34 ddh (# EL-72 to 90,95,96,96A; WL-17 to 20, MH-28 to 33, WZ-17 and 18) Borehole PEM survey ddh WL-19 Core petrographic study: ddh MH-29 and AL-19 Ground HLEM survey: ML 5327 and ML 5423 Ground UTEM, magnetic, VLF and gravity:ML 5327 Lake sediment sampling: Bloody Lake: ML 5327 Report (3 vols), 36 maps, 29 sections-C Keller Analyses: multi-element compound (core) Analyses: U Th Fe Mn P Pb Zn Cu Ni Co (silt)

74H-0045 1988 Cameco Corp (not on property)

Little Nikik Lake Drilling: 15 ddh (# AH-01 to 05, LN-35 to 44): Nikik to Arrowhead Lakes; gamma logged Downhole Geophysics: Borehole PEM survey: ddh WL-22, AH-02, AH-03 Drilling 41 ddh (# WR-25 to 42, PML-1 to 23): Middle to Wrobel Lakes; gamma logged Geophysics: Ground TDEM and EM surveys: Arrowhead, Esker & Delta Lakes Report, 3 maps, 15 sections, 1 floppy diskette by C Keller, M Leppin, G Wood Analyses: multi-element compound (core)

74G-01-0044 2009 Majesta Resources Inc. KLSW Property Geological Survey: Lake Sediment & Water Sampling Analyses: 180 samples - both degassed for radon content, lake sediments-multielement analyses 1 CD 31.4 MB by D M Studer

74G-01-0044 2010 Majesta Resources Inc. KLSW Property Geological Survey: Soil Sampling Analyses: 699 samples - degassed for radon content, multielement analyses 1 CD 191 MB by D M Studer

2012 Kirrin Resources Inc. and Majesta Resources Inc.

KLSW Property Radiometric Prospecting and sampling conducted by Discovery Consultants. Radiometric Prospecting Traverses Analysis: 19 samples, Multi element analysis U-Th-REE 1 CD 151MB D M Studer.

2013 Majesta Resources Inc KLSW Property, Thick, Lake area

Sandstone boulder sampling program collected 191 composite samples from S-112322 by D M Studer


2013 2014

Majesta Resources Inc (2013) and Hodgins Auctioneers Inc. on behalf of Majesta Resources Inc. (2014)

KLSW Property, Thick, Lake area

Lake water samoling program collected 60 samples and degassed to determine the Radon content. Thick Lake area (Fall) Lake bottom water sampling program collected 264 samples, degassed for radon content. S-112322, (one report ) by D Studer

2014 Hodgins Auctioneers Inc. On behalf of Majesta Resources Inc.


Total field magnetic (144 line km) and horizontal loop electromagnetic surveys (18 line km) on S-112322. by D Studer


KLSW Property Helicopter assisted lake bottom water sampling program collected 211 samples and degassed to determine the Radon content. Key Lake Southwest by D Studer



Helicopter-borne Versatile Time Domain Electromagnetic (VTEMplus) and Horizontal Magnetic Gradiometer Geophysical Survey by Geotech Ltd., Aurora, Ontario,



Report on Processing and Interpretation of two VTEM / Magnetic Surveys; Key Lake Southwest and Thick Lake, Northern Saskatchewan, by Condor Consulting Inc.



Report on the Compilation of geochemical results with the Condor Consulting Inc. Interpretation of the Geotech VTEM / Magnetic Surveys conducted on the Thick Lake area of the Key Lake Southwest Property by D Studer.

a technical report on the key lake southwest …

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