on the vale lake property thunder bay mining division

REPORTON THE

VALE LAKE PROPERTYTHUNDER BAY MINING DIVISION

ONTARIO(JRE DST A R)

for

Inco Technical Services Ltd.2060 Flavelle Boulevard, Sheridan Park

Mississauga, OntarioL5K 1Z9

by

JAMES M DAWSON, P.Eng,860 - 625 Howe Street

Vancouver, B.C. V6C 2T6

RECEIVEDJAN 1 O 2CC2

GEOSCIENCE ASSESSMENT i OFFICE_____J

Thunder Bay Mining Division

52I03NE2003 2.22218 PILLAR LAKE 010

Stephen Stares 3290 Willard Ave ThunderBay ON PIE 6J7 October 9, 2001

VALE LAKE PROPERTY PROSPECTING AND TRENCHING

LOCATION:

The property is located approximately 15km southwest of Armstrong Ontario.

ACCESS

Access to the property' is by logging road. The logging road is located 12km south of Armstrong on Hwy 527. Drive west for 8km, this is near the center of the claim block.

PROSPECTING AND TRENCHING

During tlie dates of November 3,1999 to November 18,1999 Mick and Steve Stares prospected and trenched the Vale lake showing in the Pillar lake area. A private contractor out of Armstrong using a Case C 30 backhoe did the trenching over two areas that had large angular floats. The backhoe was used for 16 hours trenching and four hours mobe, demobe. Both trenches are north/south and were dug down 2 meters but did not reach bedrock. Trench # l is located at GPS coordinate 342890E and 55646 ION and is about 14meters long and 20*^ of the material dug from the trench contained small to large size radioactive floats. Samples were taken in the till as composite grabs at l-meter intervals along the edge of the trench. Trench # 2 is located at GPS coordinate 342765E and 5564585N and is 10 meters long and did not reach bedrock. Four grab samples of radioactive synite were taken along the edge of the trench. Prospecting was done along new logging roads and clear cuts by using a scentalometer. The boulders

contain Thorium and Uranium along with other rare earth elements approximately 70 samples were taken in a 5km long by 2km wide area. All samples are located on the map and accompanied by GPS coordinates on the sample description sheets. During November 12, 1999 to Novemberl4, 1999 Jim Dawson visited the property and wrote a report for INCO Ltd.

CONCLUSION AND RECOMMENDATIONS

The Redstar showing is a number of angular hematized red to altered white synite/graninte boulders. The boulders are radioactive and cany high values of rare earth elements. Recently companies from around the world are looking for Olympic Dam style deposits along the Black Sturgeon fault. These deposits are associated with RE elements and hematized red granites along large structures. The Redstar showing has excellent potential to host an Olympic Dam style or RE element deposit.

R. C. Bell, Vale l**** Property

To: R. C. BellFrom: JM Dawgon <jmdawson.gdirect.ca>Subject: Vale Lake PropertyCc:Sec:Attached:

The Vale Lake Property consists of 16 claims totalling 201 units, and is located 15 tan. southwest of the village of Armstrong, Ontario about 30 km. west of the north end of Nipigon and roughly 200 km. north of Thunder Bay. Geographic co-ordinates are 50 13' M and 89 12' W. Access is excellent via Provincial Highway 527 north from Thunder Bay to a point roughly 12 tan. south or Armstrong and thence westerly for about 5 km. on good quality logging roads, tha region is typical, low rolling shield country, heavily forested except for patches of recent clear-cut logging. Elevations average 350 meters a. s.l.

There is no history or evidence of previous staking or prospecting activity. Radioactive, specularite -bearing float was encountered while prospecting the area for Olympic Dam style mineralization.

The area is interpreted as being underlain by granitic gneiss immediately west of the boundary of the Red Granite Lake Pluton. These rocks are partly covered by the extensive sheet of Keweenawan diabase sills whose northern boundary lies just south of the center of the property. A number of outliers of these younger rocks are located north and west of the property.

The central part of the property (where the mineralized float was discovered) is mantled by extensive glacial material, both, terminal morraine-like and fluvioglacial sand deposits. Extensive fields Of large boulders are suggestive of retreating or stagnating glaciers. Very little outcrop is present but what can be seen suggests an older granitic gneiss terrane intruded by younger, equigranular, pinkish granite or quartz monzonite of the Red Granite Lake Pluton. Occasionally, there are coarse blocks of gneissic material totally enclosed within the "granite" as veil as local coarse pegmatitic

Routine prospecting with a scintillometer encountered strongly radioactive float in a small burrow pit adjacent to the main loggong access road, this float proved to b* highly anomalous in a vartiety of rare earth elements as well as niobium and zirconium, follow-up prospecting has delineated a northwest-trending "zone" measuring about 2500 meters by 400 meters wide (see attached sketch) in which there are at least 200 radioactive boulder*. The bulk of these boulders are located in areas disturbed by logging so it is almost certain that there are many more.

The radioactive boulders vary from 10 cm. to 50 cm. in diameter and are "slabby" and easily fractured, probably explaining why larger ones have not been located to date. The boulders are weakly radioactive to as much as 50 times background or more. Typically, the radioactive boulders are fine grained, gray-pink to gray-red feldspar porphyry with minor, scattered, smoke y quartz eyes. Subhedral, white feldspar phenocrysts range up to 6 cm. long; quarts eyes to 5 cm, in diameter. The feldspar (?) phenocrysts are frequently bleached and may be clusters of feldspars and other crystals in glomaro-porphyritic masses. Frequently, the phenocrysts are completely altered to earthy masses of (?) clay minerals. There are occasionally vugs containing reddish, hematitic patches as well as disseminated grains and clots of specular hematite, there is sometimes other material in the matrix which weathers orange-yellow in color. Locally, ther are small clusters of unknown, yellow-green, white and golden colored crystals in a matrix which sometimes looks sericitized. Occasionally there is what appears to be a fine graphic texture quartz-feldspar, one specimen had sozne prismatic, black crystals up to 12 nro. long (allenite ?) sometimes weathering out to leave a black manganese-like residue.

Outside the mainarea of strongly radioactive boulders there are two other locations wher weakly radioactive syenite boulders returned anomalous rare earth values but only background values in Nb and Zr. These boulders are of a fine to medium grained, red syenite. This rock consists of about 80 % K-feldspar with the balance, fine grained amphibole as well as several percent magnetite and specularite. A possible dike-like body of this material was seen at Locality 2 (see sketch) . it could be at least several meters wide but snow cover prevented a good inspection. At Locality 3, similar red syenite boulders are found along a logging road over a 200 meter long section. An. additional 15 samples were recently taken from this area and depending upon results, additional staking may be recommended.

Printed fer JM Dawson <[email protected]>

C.Bell, Vale I.aka Property-^—---—^—---^———-————————————^—i,———

Because of the fairly extensive float boulders in the discovery pit, it was felt that these might represent subcrop. Accordingly, a 30 meter long trench wag cut using a small backhoe. This trench averaged 4 meters deep and may have encountered bedrock in two areas. However it was too unstable to allow other than a very rapid inspection. There are two strongly radioactive zones - each at least 5 plus meters wide (one at the west end of the trench may be significantly wider since it appeared to be stronger and had to be terminated at the edge of the road while still in radioactive float or (?) subcrop. Because it was too dangerous to sample the bottom of the trench itself, a series of 2 meter long grab samples of the spoil at the side of the trench were taken. These samples are currently being analyzed and results should be available in 10 days.

In the strongly radioactive zones, considerable fragments or boulders of the "feldspar porphyry" are present AS well as abundant float of highly sheared hematitic gouge material (not radioactive). The impression ia of perhaps a series of dikes of the porphyritic material intruded along a major fault or shear zone. It should be noted that the orientation of the boulder zone roughly parallels a series of prominent northwest trending linear* (see attached sketch).

The association of zirconium, niobium and rare earth elements is an unusual one. A search of the literature turned up several examples of this association in mineral deposits related to nepheline syenite-dominated complexes. At Ilimaussaq ( Greenland a composite, peralkaline intrusion contains areas of widespread metasomatism, hydrothermal alteration and epigenetic vein fpnnation. These alered areas contain zones greatly enriched in Zr, REE,Nta,Ta,Th,U and Be. A similar occurrence at Lovozero, Kola Penninsula,Russia is currently in production although it is not clear what commodities are being recovered. Here, a large, composite, alkaline intrusive complex contains zones grading up to S.6% Zr, Q.5% Ta-i-Nb and 1.11 REE.

The unique set of anomalous elements found in float at the vale Lake Property certain ly seems to fit the syenite associated, model. The two float clusters of red syenite boulders are petrologically compatable with this model, however, the presence of quartz eyes in the distincyive fine grained porphyry of the main boulder zone seems at odds with highly anomalous concentrations of such elements, It is possible that the feldspar-quartz porphyry dikes (?) or plugs!?) have been pervasively metasomatized with this strange set of elements along with extensive iron oxides.

it is the writer's opinion that the mineralized boulders have not been extensively transported by glacial action. The current claim block probably covers the bulk of the prospective area for the strongly radioactive porphyry. However, depending upon results of samples currently being analyzed, Inco may want to acquire additional ground to the north.

Printed for JM Dawaon <[email protected]>

Project:

Date Sent for Assay:

SAMPLE FILE

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Chemex Labs LtdAnalytical Chemists * Geochemlsts * Registered Assayers

5175 Timberlea Blvd., MississaugaOntario, Canada L4W 2S3PHONE: 905-624-2806 FAX: 905-624-6163

To: INCO LIMITEDATTN: EXPLORATION - FIELD EXPLORATION BLDG. HIGHWAY 17 WEST COPPER CLIFF, ON POM 1 NO

Project: Comments:

683ATTN: BOB BELL

Page Number :1-ATotal Pages : 1Certificate Date: 18-NOV-1999Invoice No. : 19933447P.O. Number :Account : JWD

CC: STEVE STARES FAX: JIM DAWSON

SAMPLE

355069355070355081355097559980

PREPCODE

244244244244244

285285285285285

Ag ppmAAS

0.20.20.40.2

< 0.2

Al *(ICP)

6.345.235.185.184.95

Ba ppm(ICP)

80210100150350

Be ppm(ICP)

12.030.023.09.0

17.5

Bi ppm(ICP)

< 2< 2< 2< 2< 2

CERTIFICATE OF ANALYSIS A9933447

ea *(ICP)

0.290.180.240.190.22

Cd ppm(ICP)

< 0.5< 0.5< 0.5< 0.5< 0.5

Co ppm(ICP)

< 1< 1

1< 1< 1

Cr ppm(ICP)

8268489271

Cu ppm(ICP)

85745

Fe *(ICP)

3.813.544.743.265.30

K t(ICP)

1.613.112.901.433.48

(1

Mg*(ICP)

1.870.870.410.440.49

Mn ppm(ICP)

120255

857575

CERTIFICATION:,f)

RERUNS from A9932270

Chemex Labs LtdAnalytical Chemists" Geochemists" Registered Assayers

5175 Timberlea Blvd., MississaugaOntario, Canada L4W 2S3PHONE: 905-624-2806 FAX: 905-624-6163

To: INCO LIMITEDATTN: EXPLORATION - FIELD EXPLORATION BLDG. HIGHWAY 17 WEST COPPER CLIFF, ON POM 1 NO

Project: Comments:

683ATTN: BOB BELL

Page Number :1-BTotal Pages : 1Certificate Date: 18-NOV-1099Invoice No. : 19933447P.O. Number :Account :JWD


SAMPLE

355069355070355081355097559980

PREPCODE

244244244244244

285285285285285

Mo ppm(ICP)

< 1< 1< 1< 1< 1

Na *(ICP)

0.581.642.020.540.26

Hi ppm(ICP)

117567

P ppm(ICP)

200< 101908090

Pb ppmAAS

2420243630


Sr ppm(ICP)

6560686066

Ti *(ICP)

0.160.140.130.140.14

V ppm(ICP)

1261749

li

W ppm(ICP)

< 10< 10< 10< 10< 10

Zn ppm(ICP)

1694

1623030

0CERTIFICATION:

RERUNS from A9932270

Chemex Labs Ltd,Analytical Chemists ' Geocherrtsts * Registered Assayers

5175 Timbertea Blvd., MississaugaOntario, Canada L4W2S3PHONE: 905-624-2806 FAX: 905-624-6183

To: INCO LIMITEDATTN: EXPLORATION - FIELD EXPLORATION BLDG. HIGHWAY 17 WEST COPPER CLIFF, ON POM 1NO

Projoct : Comments:

683ATTN: BOB BELL

Page Number :1-B Total Pages : 1 Certificate Date: 08-NOV-S9 Invoice No. : 19932270 P.O. Number : Account : JWD


PLEASE NOTE CERTIFICATE OF ANALYSIS A9932270

SAMPLE

ranTBI2runTRMm 5PB|6FBI 7rut p.TH}9ratioramPHH2ran 3ran4559974

559975559976559978559980559981

559982559981559984559985559986

559987559988559989559990559991

55999255999)

PRCO

208208208208208

208208208208208

208208208208208

208208208208208

208208208208208

208208208208208

208208

EPDE

222222222222222

222222222222222

222222222222222

222222222222222

222222222222222

222222222222222

222222

Pr Xb Sm Ag Sr la Tb Tl Th. Tm Sn W D V Yb Y Zn Zrppi ppm ppm ppm ppm pptn ppm ppm ppi pp ppm ppm ppm ppi ppm ppm ppm ppn

27.0 113.0 20.7 ' 1 69.2 11.5 2.6 ' 0.5 116 0.7 9 11 6.5 75 4.7 58.0 10 7904-8 110.5 2.9 ' 1 58.4 ' 0.5 0.3 ' 0.5 36 0.1 1 3 1.5 45 0.8 7.0 15 143.0b. 4 129.5 3.5 ' 1 64.5 ' 0.5 0.3 i 0.5 42 ' 0.1 ' l 2 1.5 35 0.6 7.0 10 125.0

33.6 103.5 17.6 ' 1 58.7 9.5 2.3 ' 0.5 23 1.2 3 2 3.0 70 7.7 64.5 15 8128.3 98.8 4.2 ' 1 59.7 ' 0.5 0.4 ' 0.5 24 ' 0.1 ' 1 1 0.5 50 0.6 6.0 10 108.0

8.9 98.2 4.5 ' 1 83.2 ' 0.5 0.4 t 0.5 25 0.1 1 2 2.0 90 0.7 8.5 35 104.047.4 107.0 53.8 2 45.8 90.5 14.1 ' 0.5 155 9.0 43 2 17. 105 56.4 592 25 487026.4 128.0 25.3 1 47.5 41.5 6.5 ' 0.5 74 5.2 20 1 9. 80 32.3 317 15 287032.0 140.5 17.7 ' 1 56.6 2.5 1.7 ' 0.5 41 0.5 2 32. 65 3.1 36.0 10 31511.6 127.0 6.4 t 1 71.4 0.5 0.6 t 0.5 26 0.1 1 31. 90 1.2 12.5 20 135.0

12.4 126.5 7.1 ' 1 95.3 3.0 1.0 ' 0.5 26 0.4 1 5 2.5 80 2.5 26.5 10 31029.1 133.0 26.8 1 90.4 60.5 6.4 ' 0.5 137 3.4 27 5 11.0 120 21.3 221 15 350014.9 140.5 7.8 ' 1 50.6 1.0 0.8 ' 0.5 12 0.2 5 1 2.0 110 1.4 17.5 20 22513.3 114.0 6.8 -: 1 67.4 ' 0.5 0.7 ' 0.5 21 0.1 ' 1 2 1.0 65 1.0 11.0 10 150.00.7 18.8 0.6 ' 1 23.4 ' 0.5 ' 0.1 '0.5 4 ' 0.1 '1 1 f 0. 20 0.4 1.0 20 125.0

8.0 11.6 5.2 ' 1 65.4 ' 0.5 0.7 ' 0.5 6 0.2 1 1 0. 10 1.6 17.5 5 140.0118.5 94.4 125.0 Intf* 16.4 125.5 21.4 ' 0.5 185 12.9 60 1 24. 15 85.9 686 25 6210

7.7 132.5 4.6 ' 1 100.5 0.5 0.4 ' 0.5 47 0.1 ' 1 1 1. ' 5 1.0 9.5 5 215202 450 131.5 Intf* 33.6 136.5 22.9 ' 0.5 396 14.0 63 2 12. 5 90.2 840 25 8150131.5 115.5 43.6 ' 1 39.5 5.0 3.9 ' 0.5 58 0.7 -1 11. -5 5.1 42.0 15 1570

94.1 127.0 32.8 ' 1 50.8 5.5 2.9 ' 0.5 50 0.7 'l 12. '5 5.4 42.5 50 126540.4 190.0 19.5 ' 1 11.1 8.5 2.1 ' 0.5 16 0.7 1 21. '5 5.4 51.5 10 79141.3 185.5 19.2 ': 1 11.7 7.0 2.1 ' 0.5 15 0.8 1 14. '5 5.7 49.5 15 72147.1 113.5 19.8 ' 1 95.1 3.5 1.9 ' 0.5 29 0.5 '1 < 1 2. '5 3.7 27.5 20 121047.2 209 24.0 < 1 152.5 9.5 3.0 < 0.5 24 1.2 3 1 3.5 < 5 7.8 72.5 15 693

47.3 196.0 24.4 ' l 146.0 10.0 3.0 ' 0.5 26 1.3 4 1 4.0 ' 5 8.1 75.5 15 74644.9 153.5 23.3 - 1 132.5 9.0 3.0 ' 0.5 24 1.2 3 1 3.5 ' 5 7.9 71.5 15 66644.1 172.0 21.1 < 1 138.5 9.5 2.9 '. 0.5 24 1.2 1 1 1.5 ( 5 7.9 69.5 10 67741.0 212 23.2 ': L 1)8.0 10.0 2.9 *, 0.5 23 1.2 3 2 3.5 ' 5 8.4 70.5 140 69948.1 117.5 24.8 ' 1 105.0 11.0 3.2 ( 0.5 29 1.4 4 1 3.5 e 3 8.5 75.0 10 803

18.5 220 20.6 ' 1 154.5 9.0 2.6 ' 0.5 21 1.1 3 2 1.0 ' 5 7.3 61.5 25 62140.7 264 20.8 ( i 276 9.5 2.7 ( 0.5 22 1.1 1 2 4.0 < 5 8.0 70.0 15 69S

Ca

ol

C-CQTICir ATIMM

Chemex Labs Ltd,Analytical Cherrists' Geonherrtsts" Registered Assayers

5175 Timbertea Blvd., Mississauga Ontario. Canada L4W2S3 PHONE: 905^24-2808 FAX: 905-624-6163

To: INCO LIMITEDATTN: EXPLORATION - FIELD EXPLORATION BLDG HIGHWAY 17 WEST COPPER CLIFF. ON POM 1NO

Project: Comments:

683ATTN: BOB BELL

Page Number :1-A Total Pages : 1 Certilicaie Data. OB-NOV-99 Invoice No. : 19032270 P.O. Number : Account : JWD

GC: STEVE STARES FAX: JIM DAWSON

' PLEASE NOT

SAMPLE

TBIlFBI 2ranTHMraj 5

mi 6TRI7ratsTBBrm 10rat nFBI 12rBtnrat 14559974

559975559976559978559980559981

559982559983559984559985isms559987559988559989559990559991

55999255999J

PRCO

208208208208208

208208208208208

208208208208208

208208208208208

208208208208209

208208208208208

208208

EPDE

222222222222222

222222222222222

222222222222222

222222222222222

222222222222272

222222222222222

222222

Au ppb Ba Ce C s Co Cu DyTAtAA ppi pp ppm ppm ppm ppm

' 5 369 254 1.3 6.0 5 11.6•' 5 418 18.5 1.3 6.0 5 1.4* 5 466 54.0 1.1 4.0 5 1.4' 5 316 348 1.0 8.5 5 12.2•' 5 182.5 73.5 1.2 4.5 5 1.1

< 5 220 84.0 1.1 9.0 ( 5 1.6< 5 94.0 379 0.8 6.0 ' 5 93.7 6f. 5 167.0 219 0.9 7.0 ' 5 46.0 3< 5 336 279 1.4 6.0 t 5 7.0•: 5 334 113.0 1.3 9.5 ' 5 2.5

•: 5 262 116.0 1.3 5.5 ' 5 4.9<; 5 182.0 251 1.1 6.5 ( 5 39.3 2' 5 188.5 146.0 2.0 7.0 ' 5 3.5' 5 203 140.5 0.8 9.0 f 5 2.4' 5 194.0 6.0 0.1 8.5 45 0.4

' 5 101.5 57.5 0.3 6.0 30 3.2•: 5 113. 5 1390 0.6 1.5 5 120.5 8' 5 357 74.0 0.6 2.0 5 1.9< 5 316 2070 0.9 2.5 5 142.5 9' 5 86.0 1350 0.4 5.0 5 10.6

' 5 80.5 933 0.4 2.5 5 9.5' 5 36.0 402 0.5 0.5 5 9.7' 5 25.0 396 0.4 1.0 10 9.3' 5 234 537 0.5 3.5 i 5 6.5< 5 42? 443 0.3 1.0 5 13.8

< 5 409 454 0.3 1.5 ( 5 14.0* 5 346 424 0.2 2.5 ' 5 13.6' 5 367 419 0.3 2.5 ( 5 13.7' 5 409 400 0.3 1.5 15 12.9' 5 327 460 0.3 3.0 ' 5 14.7

' 5 569 351 0.3 1.0 5 12.5( 5 817 382 0.7 1.5 10 12.8


Er Eu Gd Ga Ef Eo La Pb Lu Kd li Nbppm ppB pp pp pp ppm ppr ppm ppm ppm ppn pp

5.4 2.9 18.2 18 20 2.1 104.0 10 0.7 99.0 30 1980.6 0.5 2.! 17 4 0.3 22.5 5 0.1 16.5 45 60.7 0.5 3.1 17 3 0.2 31.0 10 0.1 20.0 35 47.7 3.1 15.0 22 21 2.5 183.0 1.2 103.0 75 1110.5 0.5 3.2 17 3 0.2 40.5 ' 0.1 27.5 30 2

0.7 0.7 3.8 18 2 0.3 46.5 0.1 28.5 60 32.5 5.7 61.6 43 157 20.7 144.5 ' 7.5 180.0 35 12303.2 3.1 28.7 31 75 10.5 108.0 4.2 95.5 35 5613.5 2.0 14.5 21 8 1.2 161.5 ' 0.4 103.5 35 411.2 1.0 5.2 19 3 0.5 57.0 0.1 38.0 45 13

2.7 1.1 6.6 21 8 1.0 65.5 0.3 40.0 35 503.8 3.7 30.3 34 91 8.6 108.0 3.0 106.5 45 8601.8 1.2 6.4 25 5 0.5 72.5 0.2 48.5 60 420.9 0.9 5.4 20 4 0.4 69.0 0.1 42.5 70 100.3 0.1 0.6 5 3 0.1 3.0 ' '0.1 2.5 10 6

1.6 1.1 5.0 10 3 0.6 36.0 ' 0.2 29.5 15 82.1 10.1 127.0 59 212 26.1 510 5 11.7 492 5 14401.0 0.4 3.9 16 7 0.3 31.5 1 0.1 24.0 5 184.4 10.7 126.0 62 255 31.2 866 1 12.6 661 5 17704.6 1.6 33.5 28 30 1.8 650 0.9 420 5 122

5.2 1.0 26.1 25 24 1.9 473 0.9 299 ' 5 1245.1 0.4 16.7 28 19 2.0 191.5 1 0.8 132.5 ' 5 1165.2 0.4 16.5 28 16 1.8 198.0 1.0 134.0 ' 5 1023.3 0.9 14.9 24 23 1.2 228 10 0.7 155.0 ' 5 817.7 2.8 21.2 37 IV 2.8 225 10 1.3 160.0 < 5 13*

8.2 2.9 21.2 37 18 2.9 234 ' 1.3 160.0 ' 5 1468.0 3.1 20.3 36 16 2.7 215 ' 1.2 153.5 ' 5 1377.5 2.9 20.0 38 16 2.7 208 < 1.3 149.5 < 5 1377.8 2.9 19.8 35 17 2.7 205 1.2 146.5 ' 5 1428.8 2.7 22.5 38 19 2.9 244 1.5 157.0 < 5 160

7.3 2.9 18.5 36 15 2.5 173.5 5 1.2 130.0 ' 5 1258.1 3.0 18.5 37 17 2.7 204 ' 5 1.3 135.0 < 5 13*

Chemex Labs Ltd,Analytical Cherrists' Geoctiemists' Registered Assayers

5175 Timberiea Blvd., MississaugaOntario, Canada L4W2S3PHONE: 905-624-2806 FAX: 905-624-6183

To: INCO LIMITEDATTN: EXPLORATION - FIELD EXPLORATION BLDG. HIGHWAY 17 WEST COPPER CLIFF. ON POM l NO

Project: Comments:

683ATTN: BOB BELL

PagoNumbor :1-A Totnl Pages : t CertilicatQ Dato: 03-NOV-99 InvoicoNo. : 19931796 P.O. Number : Account : JWD

GC: STEVE STARES FAX: JIM DAWSON

SAMPLE

355061355066355072355074355078

J55089

PREPCODE

244244244244244

244

200200200200200

200

A1203S

10.7412.799.019.72

12.52

9.34

cao5

0.190.360.140.280.40

0.06

CI203l

0.010.040.010.010.02

0.01

Fe203s

1.772.155.816.613.2i

6.65

K20l

1.31?.28i. 753.945.48

2.91


HgOS

4.904.202.080.760.69

0.75

MnOl

0.010.020.060.050.07

0.04

sa204

0.520.111.421.883.19

0.20

P205S

0.010.03

' 0.01' 0.01' 0.01

( 0.01

Sio2s

75.337 i. 507 i. 3074.3471 .58

76.50

Ti02l

0.250.340.240.240.29

0.22

LOI4

3.83i. 712.431. !20.88

2.49

TOTAL*

98.87100.5598.2599.1598.35

99.17

11

Chemex Labs Ud,AnalyUml Chtirtsls ' Gfortximists " ReyislcrccI Assays

5175 Timborloa Blvd.. MlssissaugaOntario, CnruKla L4W 2S3PHONE: 905-624-2808 FAX: ^05-624-6133

To: 1NCO LIMITEDATTN: EXPLORATION - FIELD EXPLORATION BLDG HIGHWAY 17 WEST COPPER CLIFF. ON POM t NO

Project: 663 Comments: ATTN: BOB BELL

Page Number Tohl Pages : Certilicato Drilo. Invoice N*. P O Number Account

'SEE BELOW

CC STEVE STARES FAX. JI

rCERTIFICATE OF ANALYSIS A993061Q

SAMPLE

m060155061155062155061155064

155065155066155067155068155069

155070155071155072155073155074

J55075J55076155077

PKEPCODE

208 226208 226208 226208 226208 226

208 226208 226208 226208 226208 226

208 226208 226208 226

"2ftft 226208 226

208 226208 226208 226

Pr Eb Sm Ag Sr Ta Tbppm ppm ppo ppm ppm ppm ppm

54.6 152.5 67.8 Intf* 14.4 171.5 20.048.6 84.2 54.2 Intf* 19.9 146.0 16.1

1.5 116.5 2.5 ( 1 81.1 1.5 0.550.4 241 57.4 Intf* 14.1 147.5 17.680.7 129.5 77.8 Intf* 46.7 169.0 20.5

21.4 116.5 12.0 ( 1 18.5 2.0 1.09.0 116.5 4.9 ' 1 26.8 1.5 0.4

47.6 111.5 58.8 Intf* 11.5 158.0 16.610.0 21.6 5.7 ' 1 197.5 1.0 O.b

161.0 111.5 167.0 Intf* 40.6 110. 0 10.9

219 706 155.5 intf* 19.8 129.5 21.0229 782 151.5 Intf* 24.1 114.5 2). 4242 7J7 175.5 Intf* 17.2 159.0 27.2272 841 179.5 Intf* 22.5 154.5 27.9176.0 658 111.0 Intf* 19.2 125.5 20.4

7.3 83.2 4.7 ( 1 140.0 2.5 0.63.8 162.5 2.2 ( 1 29.6 3.0 0.3

41.3 158.5 20.3 3 434.0 10.0 2.5

Tlppm

' 0.5' 0.5' 0.5' 0.5'0.5

( 0.' 0.' 0.' 0.' 0.

0.50.50.50.5

( 0.5

( 0.5( 0.5( 0.5

Thppm

2151852F

2J8mo89

9227

4246

199171299115228

97

21

mppm

16.011.40.4

15.515.4

0.10.1

11.70.1

12.4

12.414.116.417.112.7

0.40.11.2

Snppm

6260

l6772

11

651

61

4645

rh

51

133

HPPW

t1111

( 1' 1

1' 1

2

' ll1

t

' l( 1

0PP"

\.520.01.0

24.521.5

2.01.0

19.52.5

13.0

47.041.04^.044.010.5

2.51.0

VPPI

7065407080

40458090

115

155

15S5

2555

( 5

Yb Yppra ppm

Vi. T 94174.8 8042.0 22.0

85.4 88281.5 812;

1.8 20.50.8 9.0

61.4 7461.2 18.0

66.0 972

72.6 76079.5 82291.0 96897.1 98972.5 728

2.1 23.50.7 9.53.4 70.0

ft li

PPI* PPf'

15 784040 6010

5 15425 68802^7670

15 40910 199.515 6800

155 122.020UOOOO

115 6070105 6110110 6900

85 7290150 (180

15 25920 81.520 6l4

Chemex Labs Ltd,Analytical Chorrisls ' Gtiutemisls ' Rwjislerea Assaynrs

5175TimberleaBlvd.. MississnugaOntario, Canada L4W2S3PHONE: 905-624-2806 FAX: 905-624-^163

To: INCO LIMITEDATTN: EXPLORATION HIGHWAY 17 WEST COPPER CLIFF, ON POM l NO

FIELD EXPLORATION BLDG

Project : Comments:

683ATTN: BOB BELL

Page Number : Total Pnges Certificate Date Invoice No : P.O. Number : Account :

GC: STEVE STARES FAX JIM DAWSON

"SEE BELOW CERTIFICATE OF ANALYSIS A9930618r "~ ""

SAMPLE

) r)50bO35506135506235506)355064

355065355066355067355068355069

35507035507135507235507)355074

355075355076355077

PRCO

208208208208208

208208208208208

208208208208208

208208208

EPDE

226226226226226

226226226226226

226226226226226

226226226

lAu ppb Ba Ce Cs Co Cu Dy Er En Gd Ga Hf Ho La Pb Lu Id Fi Ib

FAtAA ppm ppm ppn ppm ppm ppm ppn ppn pp ppm ppn ppm ppn ppm ppn ppm ppn ppm

< 72.5 447 0.5 ).0 ' 5 144. 5 93.2 8.4 82.9 44 294 M.I 1)6.5 5 l). 5 214 25 20)060.5 424 0.5 5.5 ' 5 122.0 81.0 6.2 62.) 5) 256 29.2 1)6. 5 5 10.1 187.5 55 1700

f 110. 0 40. r) 0.7 2.0 ' 5 3.7 2.2 0.) 2.5 17 12 0.8 17.0 ( 5 0.3 13. 0 20 46< 68.5 416 0.6 3.5 ' 5 135.5 93.0 6.8 69.2 60 252 )).0 1)2.) 10 11.6 203 25 17)5< 67.0 679 0.5 1.5 ' 5 150.0 97.2 8.2 84.) 58 295 )5.5 208 5 11.6 105 10 J180

( 217 226 1.2 4.0 ( 4.1 1.8 1.6 8.5 18 1) 0.8 102.0 10 0.) 73.0 30 )496.0 122. r) L.I 6.5 ' 1.9 0.8 0.9 3.4 17 5 0.4 45.5 ' 5 0.1 11.0 70 19

•: 53.5 416 0.4 5.0 ' 120.0 74.3 6.7 68.4 58 258 27.7 1)1.0 5 8.8 100.0 60 1950( 213 113.0 0.) 22.0 ' 3.1 1.6 1.2 4.3 19 1 0.6 56.5 ' 5 0.2 14.0 140 20< 76.5 1520 0.4 4.0 ' 176.5 87.4 16.6 174.5 59 284 )7.5 478 10 9.6 627 15 1555

( 200 2000 0.8 2.5 ' 1)5.0 75.6 12.4 141.0 62 229 29.6 1030 5 10.4 828 5 1515( 196.5 2260 0.8 2.5 l 145.0 85.0 11.9 1)9.0 63 232 32.9 935 10 11.2 787 5 155')< 191.0 2090 0.9 5.5 t 166.0 99.0 13.1 157.5 64 259 38.0 903 10 12.9 859 5 19)5< 86.0 2220 0.9 2.5 t 5 169.5 104.0 12.7 158.5 66 272 )9.1 1105 ' 5 13.4 951 ' 5 I860< 5 69.5 1780 1.2 2.0 ' 5 119.5 71.7 9.9 120.5 64 232 27.3 631 15 10.4 638 5 1415

< 5 227 76.5 0.4 7.0 10 3.7 2.3 1.0 4.2 14 7 0.9 35.0 ( 5 0.3 25.5 30 32< 5 285 39.5 1.1 7.5 30 1.6 0.8 0.7 2.0 26 1 0.4 23.0 ( 5 0.1 13.0 65 17< 5 367 433 0.3 3.0 10 13.2 7.2 2.7 16.7 34 15 2.8 198.5 < 5 1.2 145.5 < 5 133

Chemex Labs Ltd,Analytical Chutists - GeocHerrtsts' Registered Assayers

5175 Timbertoa Blvd., MississaugaOntario, Canada L4W2S3PHONE 905-624-2808 F AX: 905-624-6183

To: INCO LIMITEDATTN: EXPLORATION - FIELD EXPLORATION BLDG HIGHWAY 17 WEST COPPER CLIFF, ON POM 1NO

Pago Number : Totnl Payes : Certilicato Dalo: Invoico No : P.O. Numbor :

Project: Comments:

683ATTN: BOB BELL CC: STEVE STAHES FAX: JIM DAWSON


SAMPLE

355078 355079 355080 355081 355082

355083 355084 355085 355086 355087

355088 355089 355090 355091 355092

355093 355094 355095 355096 355097

355098 355099

PH CO

208 208 208 208 208

208 208 208 208 208

208 208 208 208 208

208 208 208 208 208

208 208

EPDE

226 226 226 226 226

226 226 226 226 226

226 226 226 226 226

226 226 226 226 226

226 226

Pr Bb an Ag Sr la. Tb Tl Th Bn Sn H D V Yb V Zn Zr ppra ppm ppm ppm ppm ppm ppm ppm ppi pp ppm ppm ppm ppn ppm ppn ppm ppn

45.1 156.5 17.0 28.7 6.0 1.5 ' 0.5 36 0.7 1 ' 1 3.0 3 4.3 34.5 15 718 16.7 122.5 7.4 ' 155.0 ' 0.5 0.5 0.5 68 ' 0.1 '1 -1 2.0 10 0.3 6.5 20 198.0 2.9 109.5 2.5 ' 19.8 ' 0.5 0.4 ' 0.5 6 O.I '1 '1 2.0 60 0.8 9.0 10 55.0

216 512 142.5 ' 32.2 144.5 18.6 i 0.5 313 10.4 58 2 27.5 ' 5 60.5 364 150 2880 91.8 106.3 29.8 ' 26.2 5.5 2.2 ' 0.5 60 0.7 '1 -1 2.5 5 4.4 36.0 15 1390

3.9 55.4 4.1 f 219 1.0 0.7 i 0.5 5 0.4 -1 ( 1 1.0 2)0 2.1 25.0 25 144.0 9.4 115.5 5.3 ' 107.0 0.5 0.5 ' 0.5 6 0.2 '1 < 1 1.0 5 1.2 13.5 10 58.0 3.6 39.4 2.0 - 414 ' 0.5 0.2 ' 0.5 1 0.1 '1 '1 1.0 115 0.8 8.5 30 36.5 3.5 5.4 2.4 i 41.9 ( 0.5 0.4 ' 0.5 '1 0.1 1 't 1.5 70 0.9 11.5 60 24.5

200 444 147.0 Intf* 42.6 145.0 25.4 t 0.5 335 13.1 54 ) 47.0 15 75.9 852 35 6700

153.0 367 121.0 Intf* 15.1 151.5 18.3 ' 0.5 323 15.6 81 2 40.0 15 90.8 766 40 8070 102.0 400 93.2 Intf* 14.1 121.5 14.9 ' 0.5 240 12.5 61 1 25.0 25 72.1 596 30 6020 157.5 430 135.5 Intf* 14.5 157.5 22.4 ' 0.5 365 15.7 80 3 30.0 5 86.6 856 35 7060 24.5 197.0 12.7 - 1 13.0 9.0 1.7 ' 0.5 38 0.9 4 -1 3.5 -5 6.0 48.0 5 799 9.2 130.5 4.6 ' 1 9.3 0.5 0.4 ' 0.5 5 0.1 1 ( l 0.5 45 0.7 8.5 25 150.5

9.6 116.0 5.1 ' 1 31.5 ' 0.5 0.4 ( 0.5 44 C 0.1 '1 '1 0.5 10 0.5 7.0 10 115.0 1.0 135.5 0.7 i: 1 61.8 '. 0.5 0.1 < 0.5 6 < 0.1 '1 4 ' 0.5 35 0.5 5.5 40 111.5

210 923 158.0 Intf* 16.9 135.0 22.2 0.5 343 14.5 68 ( 1 11.5 5 84.7 805 80 4950 169.0 96.2 124.5 Intf* 23.9 126.0 18.9 ' 0.5 255 13.3 71 * 1 21.5 15 78.1 718 306040 310 89.6 173.0 Intf* 21.6 139.5 24.6 t 0.5 279 14.4 80 1 24.5 5 83.8 800 25 7000

3.4 105.0 2.0 f l 18.0 ( 0.5 0.1 i 0.5 13 ' 0.1 < 1 ( 1 1.0 5 0.8 7.5 ' 5 123. 5 175.5 171.0 114.5 Intf* 19.3 109.5 17.6 ( 0.5 218 13.5 56 ' 1 30.0 10 74.7 624 15 5740

l i

Chemex Labs Ltd,Analytical Chemists * Geoctiemists' Registered Assayers

5175TimbQrleaBlvd., Mississauga Ontario, Canada L4W2S3 P HON E: 905-624-2808 FAX: 905-624-6183

To: INCO LIMITEDATTN: EXPLORATION - FIELD EXPLORATION BLDG HIGHWAY 17 WEST COPPER CLIFF. ON POM l NO

Project: Comments:

683ATTN: BOB BELL

PageNumbor : Total Pngcs : Cortilicnfo Data: Invoice No : P O. Number : Account :

CC: STEVE STARES FAX. JIM DAWSON


SAMPLE

555078355079155060155061355082

355083355084355085355086355087

355088355089355090355091155092

35509)355094355095355096155097

355098355099

PKCO

20820820 8208208

208206208206208

208208208208208

20820820ft20820ft

208208

EPm226226226226226

226226226226226

226226226226226

226226226226226

226226

. —— ,

Au ppb Ba Ce Cs Co Cu Dy Er En Gd Ga Hf Ho La Pb Lu Id li nbTAtAA pp ppm ppa ppn ppm ppm ppm ppi ppn ppm ppm ppm ppn ppm ppm ppm ppn ppm

i 1 78.0 510 0.5 0.5 15 6.6 (.6 0.) 11.2 24 14 1.4 226 10 0.7 143.5 10 67•: 5 849 179.0 0.4 0.5 ( 5 1-7 0.5 0.7 4.6 17 4 0.2 96.0 10 - 0.1 50.5 10 1' 231 27.5 0.7 7.0 < 5 1.8 0.9 0.6 2.2 19 ' l 0.4 12.5 5 0.1 11.0 15 4' 106.5 1945 1.0 ' 0.5 ' 5 110.0 62.6 8.9 110.5 64 85 24.4 812 10 8.5 757 10 1705

74.5 1045 0.5 - 0.5 ' 5 8.0 4.2 0.6 18.7 2! 28 1.6 460 15 0.9 200 5 120

462 31.5 0.4 12.5 65 4.5 2.5 1.1 4.4 18 2 0.9 14.5 ' 5 0.3 17.0 60 17815 84.5 0.5 1.5 5 2.7 1.1 1.8 3.9 22 ' 1 0.5 40.5 20 0.1 15.5 10 22219 17.0 0.6 20.5 ' 5 1.3 0.7 0.4 1.6 16 ' 1 O.J 19.5 ' 5 0.1 12.5 150 ' 1

': 20.0 10.5 0.4 13.5 ' 5 1.8 1.1 0.6 2.3 6 ' 1 0.4 22.0 ' 5 0.1 12.5 275 1120.5 2010 1.1 ' 0.5 ' 5 157.0 84.8 li.) 134.0 57 245 34.5 755 20 11.5 698 15 1585

•: 78.0 1605 1.4 -: 0.5 < 5 122.0 87.4 8.0 100.5 56 280 30.0 517 45 11.0 562 10 188558.5 1020 1.3 ( 0.5 ' 5 102.0 71.7 6.1 78.4 63 220 24.7 287 20 10. 0 195 5 1520

' 39.5 1525 1.9 ' 0.5 ( 5 145.5 95.1 9.8 118.0 62 249 35.1 581 45 12.0 572 10 1975•: 5 16.0 274 0.9 . 0.5 < 5 9.3 5.6 0.2 9.5 27 20 2.1 111.0 15 0.9 82.0 5 137' 5 37.5 106.0 0.4 16.5 ( 5 1.6 0.8 0.4 2.9 19 1 0.1 45.5 5 ' 0.1 10.0 60 17

< 5 155.0 104.5 1.1 3.0 * 5 1.4 0.6 0.6 3.5 15 i 0.3 48.0 5 ' 0.1 12.0 25 1< 5 141.0 8.5 1.2 6.5 ( 5 0.9 0.5 0.1 0.8 17 1 0.1 4.5 '. 5 < 0.1 1.5 45 5< 5 76.0 1950 1.2 1.5 ( 5 132.0 84.2 10.5 126.0 68 180 29.8 721 10 12.1 755 10 1890< 5 114.0 1555 0.6 i. 0.5 ( 5 114.0 72.0 9.0 109.0 59 222 25.8 487 30 ll.l 630 15 L475< 5 163.5 2710 0.5 '. 0.5 ( 5 146.5 85.3 11.9 145.5 65 255 32.6 1210 25 12.2 981 10 1790

' 5 217 33.5 0.3 ( 0.5 (. 5 1.4 0.7 0.2 1.5 17 2 0.3 12.5 5 0.1 11.5 10 14' 5 216 1535 0.8 ' 0.5 ( 5 108.5 75.9 8.3 98.8 52 205 25.8 683 20 10.2 617 10 1225

RFDSTAR PROPERTYSOUTH PILLAR LAKE

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ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES

Work Report Summary

Transaction No:Recording Date:

Approval Date:

Client(s):

W0140.30894

2001-OCT-10

2002-JAN-10

Status: APPROVED

Work Done from: 1999-NOV-03

to: 1999-NOV-18

147534 INCO LIMITED

400275 NINETY-NINE RESOURCES LTD.

Survey Type(s):

ASSAY

Work Report Details:

Claim#

TB 1238089

TB 1238092

TB 1239879

TB 1239880

TB 1239887

External Credits:

Reserve:

Perform Perform Approve Applied

510,000 S560 56,400

52,000 50 SO

50 528 56,400

51,000 50 SO

51,112 SO SO

514,112 S588 S12.800

SO

SO Reserve of Work

SO Total Remaining

Applied Assign Approve Assign Approve Reserve

5560 52,488 0 51,112

50 52,000 0 SO

528 SO 0 50

SO 5800 0 S200

SO 51,112 0 SO

S588 S6.400 SO 51,312

Report#: W01 40. 30894

Reserve Approve Due Date

50 2001-NOV-03

50 2001-NOV-03

SO 2001-NOV-03

SO 2001-NOV-03

SO 2001-NOV-03

SO

Status of claim is based on information currently on record.

52I03NE2003 2.22218 PILLAR LAKE 900

2002-Nov-21 09:16 Armstrong-d Page 1 of 1

Ministry ofNorthern Developmentand Mines

Date: 2002-NOV-20

Ministere du Developpement du Nord et des Mines Ontario

GEOSCIENCE ASSESSMENT OFFICE 933 RAMSEY LAKE ROAD, 6th FLOOR SUDBURY, ONTARIO P3E 6B5

NINETY-NINE RESOURCES LTD. 5560 HOLT AVENUE RICHMOND, BRITISH COLUMBIA V7C 5C8 CANADA

Tel: (888) 415-9845 Fax:(877)670-1555

Dear Sir or Madam

Submission Number: 2.22218 Transaction Number(s): W0140.30894

Subject: Approval of Assessment Work

We have approved your Assessment Work Submission with the above noted Transaction Number(s). The attached Work Report Summary indicates the results of the approval.

At the discretion of the Ministry, the assessment work performed on the mining lands noted in this work report may be subject to inspection and/or investigation at any time.

The information currently available indicates that the field work component of this submission was performed prior to the recording date of the claims. The only work eligible for assessment work credit is the analyses of 21 samples performed after the recording of the claims. The eligible assessment credit has been pro-rated based on the total analytical costs reported 3588 (21xS28).

Assessment work credit has been approved as outlined on the attached Work Report Summary. The assessment credit is being reduced by S13.524. The TOTAL VALUE of assessment credit that will be allowed, based on the information provided in this submission, is 3588.

NOTE: This is insufficient credit to prevent forfeiture of mining claims TB 1238089 and TB 1239879.

If you have any question regarding this correspondence, please contact BRUCE GATES by email at [email protected] or by phone at (705) 670-5856.

Yours Sincerely,

Ron GashinskiSenior Manager, Mining Lands Section

Cc: Resident Geologist

Stephen A Stares (Agent)

Assessment File Library

Ninety-Nine Resources Ltd. (Claim Holder)

Ninety-Nine Resources Ltd. (Assessment Office)

Visit our website at http://www.gov.on.ca/MNDM/LANDS/mlsmnpge.htm Page: 1 Correspondence 10:17740

l SJPlHuana

Oo

947000E MBOOOB

S570MON

BM3000N

556KMON

347000E

UTM Zone 16

General Information and Limitations

Dale l Time of Issue: Thu Apr 03 11 .28.22 EST 2003

TOWNSHIP / AREA PLAN PILLAR LAKE AREA G-0113

ADMINISTRATIVE DISTRICTS / DIVISIONS

Mining Division Thunder BayLand Titles/Registry Division THUNDER BAYMinistry of Natural Resources District THUNDER BAY

TOPOGRAPHIC Land Tenure

fed Oisfy Hnirtij Clsini

LAND TENURE WITHDRAWALS

IMPORTANT NOTICES

LAND TENURE WITHDRAWAL DESCRIPTIONS

y

on the vale lake property thunder bay mining division

Documents