42A10NE0041 2 16676 CLERGUE 010

GEOPHYSICAL REPORT

ON THE

CLERGUE TOWNSHIP PROPERTIES

LOCATED IN

CLERGUE TOWNSHIP - PORCUPINE MINING DIVISION

FOR

MONETA PORCUPINE MINES INC.

' ^.M.MT, LANDS BRANCH

Submitted byifJt.J. Me i k leRayan~~EoTJrt"orat ion Ltd. May,l996

TABLE OF CONTENTS

INTRODUCTION............ . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . lLOCATION AND ACCESS.......... ... . . . . . . . . . . . . . . . . . . . . . . . lCLAIMS............................. . .... . . . . . . . . . . . . . . . lPERSONNEL................................ . . . . . . . . . . . . . . 2GEOLOGY. . .. . . . . . .. . . . .. . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2GEOPHYSICAL WORK PROGRAM............................... 3MAGNETOMETER SURVEY..................... . . . . . . . . . . . . . . . 3SURVEY RESULTS.... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4RECOMMENDATIONS AND CONCLUSIONS........... . . . . . . . . . .. . . 4CERTIFICATE............................. . . . . . . . . . .. . .. . 5

LIST OF FIGURES

LOCATION MAP REGIONAL LOCATION MAP CLAIM

FIG. lFIG. 2FIG. 3

O O

APPENDIX

MAGNETOMETER SPECIFICATIONS....................APPENDIX A

LIST OF MAPS

CONTOURED and POSTED MAGNETOMETER - 1204567/568....l:5000

INTRODUCTION

Rayan Exploration Limited of Timmins, Ontario was hired by Moneta Porcupine Mines Inc. to conduct a Total Field Magnetometer Survey on a group of claims located in Walker, Clergue, and Taylor Townships. This report describes the parameters and results on two non-contiguous claims in Clergue Twp. located in the Larder Lake Mining Division, Ontario.

The purpose of the survey was to map the magnetic susceptibility to help interpret the geology and areas to do follow up work on. The survey was done along chained compass lines tied in to claim boundaries and topography and as such was intended as a reconnaissance survey.

LOCATION AND ACCESS

The two claims are located in the southeast corner of Clergue Township, approximately 12km south OL' the town of Iroquois Falls. Cochrane District. Larder Lake Mining Division. Ontario (see f igs.l.2,3) .

Access to the claims is excellent, via Hwy. lin and secondary roads west from the Hwy. to the northwest corner of claim 1204567.

CLAIM STATUS

The work was done on 2 non-contiguous block claims in Clergue Twp., Larder Lake Mining Division. Ontario.

The 2 claims are described as foliows:

CLAIM NO.

1204567

1204568

NO. UNITS LEGAL DESCRIPTION TOWNSHIP

N part, Si/2. Lots 3,4 CLERGUE CON. l

NW 1/4, S 1/2, Lot5 CON. l CLERGUE

W \LKER

•3 90 ao 73

33

30"

43-

U.S.A.

33

•st

43

•O •3 60

PROVINCE OF ONTAR10

FIG l

MONETA PORCUPINE MINES

CLERGUE TWP PROPERTIES

LOCATION MAP

•l- H^c;4ff

FI9 4

ci.-nL:MONETA PORCUPINEu; CLERGUE TWP PROPERTIES

TitU: REGIONAL

LOCATION SKETCH

RAYANBPLORATICN LTD

CLERGUE TWP

lotFI6 3

MONETA PORCUPINE MINES... CLERGUE TWP PROPERTIES

Till*:

CLAIM SKETCH

RAYAN'BeURATICM LTt

PERSONNEL

The people directly involved in this program were all employed by Rayan Exploration Limited, between May 22/96 - May 23/96, and are as follows:

Lanny Anderson. . . . . . . .. .. . . . .. .. . ....TimminsAure l Chaumont . . . . . . . . . . . . . . . . . . . . .. .TimminsWayne Pearson...... . . .. ... . .... .. ....Timmi nsDanny Brazeau........................Timmins

All work was supervised by R.J. Me i k le. Timmins.

GEOLOGY

The property is shown on the Timmins-Ki rk l and Lake Map No. 22U5. to be situated within the Abitibi Greenstone Belt which covers much of northeastern Ontario and northwestern Quebec.

Generally this belt is underlain by a variety of mafic- to felsic volcanics and related sediments as well as felsic to u l l rama fie intrusive.

Map 2205, Timmins Kirkland Lake Geological Compilation Series shows both claims to be underlain by Mafic Volcanics with tile possibility of e/ne trending' ma f i c/u i t rama f i cs . Numerous north south diabase dvkes are shown on the claim areas.

GEOPHYSICAL PROGRAM

Chained, compass flagged lines were established on each claim group in a north south direction at 100m intervals and markers every 25m. A common base station was used to tie the results on each property together.

The following is a brief description on the Geophysical Survey Method used:

MAGNETOMETER SURVEY

An EDA Omni Plus Proton Precession magnetometer was used to carry out the magnetometer survey. The instrument is synchronized with an EDA recording base station to help eliminate magnetic diurnal variation. This should ensure an accuracy of less than 10 Nt .

The Proton Precession method involves energizing a wire coil immersed in a hydrocarbon fluid. This causes the protons in the proton rich fluid to spin or precess simulating spinning magnetic dipoles. When the current is removed the protons precess about the direction of the earth's magnetic field, generating a signal in the same coil which is proportional to the total magnetic field intensity. In this way. the horizontal gradient of the earth's magnetic field can be measured and plotted in plan form with values of equal intensity joined to form a contour map.

This presentation is useful in correlating with other data sets to aid in structural interpretation. Individual magnetic responses can be interpreted for dip. depth and width estimates after profiling the data.

The following parameters were employed for the survey:

Instrument - EDA Omni Plus Proton Precession MagnetometerStation Interval - 25mLine Interval - 100mDiurnal Correction Method - EDA Recording Base StationData Presentation - Magnetic Data Posting and Contour Map

- l:5000 scale Contour Interval - 50 nT Datum Subtracted from all postings - 57000nT

SURVEY RESULTS

The reconnaissance magnetometer surveys carried out on the Clergue Township properties was successful in outlining a number of features, most likely defining Ultramafic units and numerous north south diabase dikes. It should be noted that the same base station value was used for all the data resulting in one common base level for the values. The results of the Magnetometer Survey for each claim are discussed below:

Claim * 1204567

Three n/s trending linear mag highs were outlined and are most likely defining diabase dikes. No other significant magnetic features were encountered. The dikes correlate with OGS Map 2205 depicting numerous interpreted dikes in the area.

Claim 4 1 204568

The magnetics show the tip of a broad mag high in the 'j/W corner of the claim. This may be an expression of relatively narrow units of Ul atramafics shown on Map 2205. If this is the case, the contact with the mafics may be a prospective place to find gold mineralization.

RECOMMENDATIONS AND CONCLUSIONS

The magnetometer surveys carried out in this work program outlined several features, both dikes and Ultramafic Units. The magnetometer results should be compiled with all other available data to determine further exploration plans.

The edge of the interpreted Ultramafic in the S/W corner of claim 1204568, should be followed up by an I.P. Survey, and or a diamond dri l l program.

Drilling on Claim 1204567 should be preceded by a more detailed magnetometer survey if in the vicinity of the above mentioned dikes, to avoid intersecting them.

CERTIFICATION

thatI, Raymond Joseph Meikle of Timmins, Ontario hereby certify

l. I hold a Haileybury School 1975.

three year Technologist Diploma from theof Mines. Haileybury. Ontario, obtained in May

2. I have been practising my profession since 1973 in Ontario, Quebec. Nova Scotia. New Brunswick. Newfoundland. NWT. Manitoba, Germany and Chile.

3. I have been employed directly with Teck Corporation. Me t a l lgessel lschaft Canada Ltd. Sabina Industries, .S. Middleton Exploration Services Ltd.. self employed 1979-1935 (Rayan Exploration Ltd.) and currently with Rayan Exploration Ltd.

4. I have based conclusions and recommendations contained in this report on knowledge of the area, my previous experience and on the results of the field work conducted on the property during 1996.

5. I hold no interest, directly or indirectly in this property, nor do I expect to receive any interest or considerations from the property other than professional and contract fees for services rendered.

Dated this 27th day of May at Timmins. Ontario.

1996

;R . J . Me i k l e

APPENDIX A

EDA OMNI PLUS MAGNETOMETER

Major Benefits of the OMNI PLUS9 Combined VLF/Magnetometer/cradiometer System* No Orientation Required* Three VLF Magnetic Parameters Recorded 9 Automatic Calculation of Fraser Filter 0 Calculation of Ellipticity0 Automatic Correction of Primary Field Variations

Measurement of VLF Electric Field

Specifications*Frequency Tuning Range........ 15 to 30 kHz, with bandwidth of 150 Hz; tuningrange accommodates new Puerto Rico station at 28.5 kHzTransmitting stations Measured.. up to 3 stations can be automatically measuredat any given grid location within frequency tuning rangeRecorded VLF Magnetic

Parameters ................ .Total field strength, total dip, verticalquadrature (or alternately, horizontal amplitude)

Standard Memory capacity...... 800 combined VLF magnetic and VLF electricmeasurements as well as gradiometer and magnetometer readingsDisplay ...................... .Custom designed, ruggedized liquid crystaldisplay with built-in heater and an operating temperature range from -400Cto *550C.The display contains six numeric digits, decimal point, battery status monitor, signal strength status monitor and function descriptors.RS232C Serial I/O interface ...... 2400 baud rate, 8 data bits, 2 stop bits, no parityTest Mode .................... A. Diagnostic Testing (data and programmablememory)

B. Self Test (hardware)Sensor Head .................. Contains 3 orthogonally mounted coils withautomatic tilt compensationOperating Environmental

Range ...................... -400C to +550C;O -10096 relative humidity; Weatherproof

Power Supply ................. Non-magnetic rechargeable sealed lead-acid 18VDC battery cartridge or belt; 18V DC disposable battery belt; 12V DC external power source for base station operation only.Weights and Dimensions

instrument Console .......... 2.8 kg, 128 x 150 x 250 mmSensor Head................ .2.1kg. 130 dia. x 130 mmVLF Electronics Module........ 1.1 kg. 40 x 150 x 250 mmLead Acid Battery Cartridge ... 1.8 kg, 235 x 105 x 90 mm Lead Acid Battery Belt ....... .1.8 kg, 540 x 100 x 40 mmDisposable Battery Belt ....... 1.2 kg. 540 x 100 x 40 mm Preliminary

BM instruments inc. 4 Thomdiffe Park Drive. Toronto. Ontario Canada M4H1H1 Telex. 06 23222 EDA TOR. Cables: instruments Toronto (416)425-7800

in USA.EDA instruments inc..5151 ward Road.wheat Ridge. ColoradoU.S.A. 80033(3031422-9112

Printed in canada

Ministry ui

Korthern Development and Mines

riepon 01 wuriv After Recording Claim

Mining Actntario0

rsonal Information collected on this form to obtained under the authority of the M : collection should be directed to the Provincial Manager. Mining Lands. Mini dbury. Ontario. P3E 6A5. telephone (70S) 670-7264.

42A10NEOO41 2 16676 CLERGUEstructlons: - Please type or print and submit in duplicate.- Refer to the Mining Act and Regulations for requ..~...~...- -. ......B

Recorder.- A separate copy of this form must be completed for each Work Group.- Technical reports and maps must accompany this form in duplicate.- A sketch, showing the claims the work is assigned to. must accompany this form.

900

XKded HoUerft) J i l /O ' jf ' ) flffiHJWt ff^ffiat^p/kf- /U/Ula /iff-

hm ———————————————————— ~~A

JoV /?V T/- S- , r-0- wif rt i f ^TflLL i^. /^j j Qi2iling OMskm . Townshlp/AnM

tek From: fft 7 7 /99f. To: ^ erlormed "l*y t-*- )'7 'f*

)rtc Performed (Check One Work Group Only)WorkGroup

Geotechnical Survey

Physical Work. Including Drilling

Rehabilitation

Other Authorized Work

Assays

Assignment from Reserve

al Assessment Work

Type

Mi*4**zi ?^^ XC~-f f

Cttent No. 1-7.7 x— 7

Telephone No. .70S'- 2eW-"22^

— MorOPtan~Na ~~ 1^

•*7 * 5", A/;

—s — i A fi 7 8 ———— j** 9 J. " — ————————————

[RFcElVifDl

HJL 1 5 1996 l

ttJ.rirlAMnc; BRANCH]JJWL—

y i CP^""~

Claimed on the Attached Statement of Cnsts f 5r^

holder cannot verify expenditures claimed in the statement of costs within 30 days of a request for verification,

rsons and Survey Company Who Performed the Work (Give Name and Address of Author of Report)

Nairn Address

k/.in ut f

ach a schedule If necessary)

lineation of Beneficial * See Note No. 1 on

ertify that at the time the work was performed, the claims covered hi this work Mrt were recorded In the current holder's name or held under a beneficial Interest the current recorded holder.

r Agent (Signature)

lineation of Work Reportertify thai 1 have a personal knowtodga of tha facts sat forth in completion and annexed report is true.

ie and Addreee of Penon Certifying

1 /' ;pone No.

this Work report.

innis ^'tDate

having performed tha work or witnessed same during and/or altar

A/A' 7 "7^c^- .

illto'?1

r*

•A IIIf

CO

^ z ~HI*

liZ* II

V

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Lo;

Credits you are claiming in this report may be cut back. In order lo minimize the adverse effects of such deletions, please indicate from

which claims you wish to priorize the deletion of credits. Please mark (.x) one of the following:

1. S Credits are to be cut back starting with the claim listed last, working backwards.

2. D Credits are to be cut back equally over all claims contained in this report of work.

3. D Credits are to be cut back as priorized on the attached appendix.

In the event that you have not specified your choice of priority, option one will be implemented.

ite 1: Examples of beneficial Interest are unrecorded transfers, option agreements, memorandum of agreements, etc.. with respect

to the mining claims.

ile 2: If work has been performed on patented or leased land, please complete the following:

certify thai the recorded holder had a beneficial interest in the patented |Signature (Date |

Ontario

Ministry ofNorthern Developmentand Mines

Ministere du Pivetoppement du Nord ei des mines

Statement of Costs for Assessment Credit

Etat des couts aux fins du credit d'evaluation

Mining Act/Loi sur les mines

Transaction No./N0 de transaction

Personal informatkx) collected on this form is obtained under the authority of the Mining Act. This information will be used to maintain a record and

ongoing status of the mming claim(s). Questions about this collection should

be directed to the Provincial Manager. Minings Lands. Ministry of Northern

Development and Mines. 4th Floor. 159 Cedar Street. Sudbury. Ontario

P3E 6A5. telephone (70S) 670-7264.

Les renseignements personnels conlenus dans la presenie formule sont

recueillis en wenu de la Lot sur tea mines el serviront a tenir a jour un registre

des concessions minieres. Adresser toute question sur la coltece de ces

renseignements au chef provincial des terrains miniers. ministere du

Developpement du Nord et des Mines. 159. rue Cedar. 40 etage. Sudbury

(Ontario) P3E 6A5. telephone (705) 670-7264.

1. Direct Costs/CoOte directs

Type

Wages Salaires

Contractor's and Consultant's Fess Drottsds ('entrepreneur et de I'expert- consell

Supplies Used Fountltures utilise**

Equipment Rental Location de materiel

Description

Labour Main-d'oeuvre

Field Supervision Supervision sur le terrain

Type ./llajJzi- Sfc^r/iL/SJt**/*/^,' t.pl^;.

Type

Type

Amount Montant

2tt

2V

Total Direct Costs Total des couts directs

Totals Total global

?rte

li^c

2. Indirect Costs/Gouts indirects

* * Note: When claiming Rehabilitation work Indirect costs are not allowable as assessment work.Pour le remboursement des travaux de rehabilitation, les couts indirects ne sont pas admissibles en tant que travaux devaluation.

Type

Transpoi Transpoi

tationt

HIEjMININ

Food and Lodging Nourriture et

Mobilization and Demobilization Mobilisation et demobilisation

Description

Typeu^u

CEIVED

UL 1 5 1996

3 UNDS BRANCH

Amount Montant

V

Sub Total of Indirect Costs Total partiel des couts indirects

Amount Allowable (not greater than 20H of Direct Costs) Montant admissible (n'excedant pas 20 H des couts directs)

Total Value of Asse (Total of Direct and t Indirect costs)

ssiMtit Cradtt Vflfouf totate du ciMH Allowable d'evahistion

(Total dt* cofltt dbcct*

Totals Total global

"S'

*~,y

"C

Z^cT

Note: The recorded holder will be required to verify expenditures claimed in

this statement of costs within 30 days of a request for verification. If

verification is not made, the Minister may reject for assessment work

all or part of the assessment work submitted.

Note : Le titulaire enregistrg sera tenu de verifier les depenses demandees dans

le present elai des couts dans les 30 jours suivant une demande d eel

effel. Si la verification n'est pas effectuee. le ministre peut rejeler tout

ou une partie des travaux d'evalualkm presentes.

Filing Discounts

1. Work filed within two years of completion is claimed at 1004b of

the above Total Value of Assessment Credit.

Remises pour depot

1. Les travaux deposes dans les deux ans suivant tour achevement sont

rembourses a 100 *M) de la valeur totate susmentionnee du crerJt Devaluation.

2. Work filed three, four or five years after completion is claimed at

504fc of the above Total Value of Assessment Credit. See:

calculations below:

Total Value of Assessment Credit Total Assessment Claimed

x 0.50

2. Les travaux deposes trois. quatre ou cinq ans apres tour achevement

sont remfxxirses a 50 (ft de la valeur totale du credit d'evaluatkm

susmerilionne. Voir les calcute ci-dessous.

Valeur totale du credit devaluation

x 0.50

Evaluation totale demandee

Certification Verifying Statement of Costs Attestation de I'etat des couts

l hereby certify:that the amounts shown are as accurate as possible and these costs

were incurred white conducting assessment work on the lands shown

on the accompanying Report of Work form.

that as(Recorded Holder. Agent. Position m Company)

to make this certification

J'atteste par la presente :que les montants indiques sont le plus exact possible el que ces

depenses ont ete engagees pour effectuer les travaux devaluation

sur les terrains indiques dans la formule de rapport de travail ci-joint.

l am authorized Et qu'a litre de(lituiaire enregistre. representant. poste

a faire cette attestation.

upeje suis autorisg

i la compagnie)

Signature Date

0212l04f9l|Nota Dans cette tormule. lorsqu'il desiqne des personnes. to masculin est ulilrs* au sens neulre

OntarioMinistry of Ministere duNorthern Development Developpement du Nordand Mines et des Mines

Geoscience Assessment Office 933 Ramsey Lake Road 6th Floor Sudbury, Ontario P3E 6B5

August 13, 1996

Telephone: (705) 670-5853 Fax: (705) 670-5863

Our File: 2.16676 Transaction #: W9660.00370

Mining RecorderMinistry of Northern Development St Mines60 Wilson Avenue, 1st FloorTimmins, OntarioP4N 2S7

Dear Mr. White:

SUBJECT: APPROVAL OF ASSESSMENT WORK CREDIT ON MINING LAND, CLAIM(S) 1204567 ft 1204568 IN CLERGUE TOWNSHIP

Assessment work credit has been approved as outlined on the Declaration of Assessment Work Form accompanying this submission. The credit has been approved under Section 14, Geophysics (MAG), of the Assessment Work Regulation.

The approval date is August 13, 1996. Please indicate this approval on the claim record.

If you have any questions regarding this correspondence, please contact Steven Beneteau at (705) 670-5855.

Yours sincerely, ORIGINAL SIGNED BY:

GashinskiSenior Manager, Mining Lands Section Mines and Minerals Division

SBB/jf

cc: Resident Geologist Timmins, Ontario

Assessment Files Library Sudbury, Ontario

LEGEND

AREAS WITHDRAWN FROM DISPOSITION

M.R.O. - MINING RIGHTS ONLY

t.R.O. - SURFACE RIGHTS ONLY

M.+ S. - MINING AND SURFACE RIGHTS

Oncription Order No. Dm Dwotition FileCALVERT TOWNSHIP

Mf. \. , i l A.VS f T'

!l H K, H I , If VVA Y

: T li - i 'N* S

\, -, .-. n t \MAi S'Mf AM

l i M l M, (J H f l OUDlNCi H K, NTS Si HI 'vislON OH COMPOSITE Pt AN H* St H v ATIONS

ORIGINAL SHORf l INt-

MAHSH OR Ml (S

MINf-S

RSF MONUMENT

DISPOSITION OF CROWN LANDSSurf ac* Right* Withdrawn under S*e. 36,Th. Mining Act R.S.O. I08O. ORDER NO. W-OI/ )I7ONT

TYPE OF DOOJME-NT

(Trans Canada Plp*lln* Right of Way and Buffer - ne particularly 4O.25 m*t*rs or 132 ft. en illh*r sid* of c*ntr* lin* of right of way)

PATtNT SURF ACE 8. MINING RIGHTS SURFACE RiCjHTSONLYMINING HIGHTSONLV

LtASt SUH^ACt 4 MINING RIGHTS SUHfACf RIGHTS ONLYMINING RIGHTSONI Y

LlCtNCt Of OCCUPATION ORDER IN COUNCIL . RF SF R VAT ION

CANCEL L tt)

NOT! M iNIMl, Rlf.MTS ,N ^ AHrjLS ^ AlfNTtO^RlOR TUMAY 6 19)3 VlSTfl, IN ORlC.lNAi P ATJNTEf B f T M( PUBLIC LANt)b AC i nS'i '"*'O i MAP ISO SEC 63 S UBStl i

3 i l ~? /T ~?ri r v f

HI o 'O 10 30 40 SO 60 70

1000 7000 3090 4000 ',000

SCALE 1:20 0001206601 II7G77" ( 4 uriits

SNOWMOBILE TRAIL NOTICE RECEIVED 92-DEC-09

."L..292768 Ip

I 292767

.,--l

..JLL.L ri10355 4796

o- i/unteithf*

- . —— J ——...

^OKCjr^f WNiNC

2367*4 j 2367tS

. 4 "UNITSTOWNSHIP1304367

CLERGUE206686

12066879

l IIOO0171206668

MMR ADMINISTRATIVE DISTRICT

COCHRANEMINING DIVISION

PORCUPINELAND TITLES 7 REGISTRY DIVISION

COCHRANE

1206673^T Tio437l

IHW8M, RT l***. '?0f213THE INFORMATION THAT APPEARS ON THIS MAP HAS BEEN COMPILED FROM VARIOUS SOURCES. AND ACCURACY IS NOT GUARANTEED. THOSE WISHING TO STAKE MIN ING CLAIMS SHOULD CON SULT WITH THE MINING RECORDER, MINISTRY OF NORTHERN DEVELOP MENT AND MINES, FOR AD DITIONAL INFORMATION ON THE STATUS OF THE LANDS SHOWN HEREON.

^ 7S690C 7M607

l j^.^ ̂ ^. ^ rOKTOwC*

1129486

Ministry of Ministry ofNatural Northern DevelopmentResources and Mine*'STOCK TOWNSHIP

SEPTEMBER, 1986

G-3487

42A10NE0041 2.11676 CLERQUE 200

CONNJ/2- CO'N

SI 1 1

CLERGUE TOWNSHIP 2. 16 6 7

LOT 5 LOT 4 LOT 3 LEGEND

2BB i ea 2BB

ami PLUS PROTON PRECESSIONPARAMETER WASUCD: EAUTWS TOTAL NAG FIELD

OIIMNAL6 CURRECIEO WITH BASE STATION

CONTTU* INTERVAL: M NANO-TEOJVS

READING INTERVAL: ZB METERS

DATUt SUBTRACTED: 5flM nT

cii.ni:MONETA PORCUPINE MINES Pr00.r-iu: CLERGUE TWP PROPERTIESTitli

POSTED and CONTOUREDMAGNETOMETER SURVEY

1204567 1204568

42A10NE0041 2.16676 CLERGUE 210RAYAN

EXPLORATION LTD