the iron horse property consists of 371 claim units in...

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023H/0136

REPORT OF EXPLORATION ACTIVITIES

DIAMOND DRILLING AND PROSPECTING

IRON HORSE PROJECT

NTS 23H/11 and 12

GOLDEN DORY RESOURCES CORP.

&

METALS CREEK RESOURCES CORP.

EXPENDITURES

13463M ($526,552.15)

17683M ($13,358.95)

19307M ($11,070.87)

17680M ($13,689.82)

18845M ($9,976.78)

15510M ($1,446.98)

18846M ($1,373.05)

18882M ($1,384.70)

19910M ($2,120.72)

19911M ($1,543.23)

TIMOTHY FROUDE, P. GEO.

AND

DEAN FRASER, P. GEO.

November 20, 2012

Table of Contents

1 Introduction ................................................................................................................... 1

2 Location and Access ..................................................................................................... 1

3 Claim Status………………………………………………………………………… 2

4 Regional Geology ......................................................................................................... 4

5 Property Geology .......................................................................................................... 5

6 Mineralization………………………………………………………………..………. 7

7 Summary of Previous Work………………………………………………………….. 8

8 2012 Exploration Program ......................................................................................... 10

9 2012 Diamond Drill Results ....................................................................................... 14

10 Conclusions and Recommendations ........................................................................... 20

References ......................................................................................................................... 21

Appencix A - Expenditures

Appendix B -- Iron Horse Drill Logs

Appendix C -- Iron Horse Assay Certificates

Appendix D – Rock Descriptions, Assays and Location Map – 19307M

Appendix E - Historic Resources Assessment – Gerald Pennay Associates

List of Figures

Figure 1: Property Location Map. ....................................................................................... 3

Figure 2: Claim Map Iron Horse Property .......................................................................... 4

Figure 3: Geological Provinces of Labrador ....................................................................... 5

Figure 4: Property Geology ................................................................................................ 7

Figure 5: Airborne Magnetics ............................................................................................. 9

Figure 6: Photo - Typical Terrain ....................................................................................... 9

Figure 7: Airborne Anomalies ........................................................................................ 10

Figure 8: Iron Formation Photo ........................................................................................ 11

Figure 9: Drill Hole Locations Map.................................................................................. 13

Figure 10: Schematic Vertical Drill Section of GL12-01 ................................................. 15





List of Tables

Table 1: Property Exploration Licenses…………………………………………………..2

Table 2: Summary of Iron Horse Diamond Drill Holes ................................................... 12

Table 3: Summary of Iron Horse Recconnaisance Drilling Assay Results ...................... 14

Iron Horse Project 2012 Assessment Report 1

1. Introduction

The Iron Horse property consists of 371 claims in two groups covering iron bearing rocks

of the Sokoman Formation in western Labrador. The property is located in the extreme

eastern extent of the Labrador Trough, one of the world’s premiere iron mining districts.

The project at time of writing is owned 60/40 by Metals Creek Resources and Golden

Dory Resources, however, an agreement is in place whereby Golden Dory can increase

its stake in the property to 70% by meeting certain exploration and monetary milestones.

Exploration work in 2011 involved reconnaissance prospecting in the vicinity of the four

main magnetic anomalies defined by the 2008 airborne survey, specifically Anomalies A

through D. The 2011 prospecting program was successful in that over 62% of the

samples assayed greater than 40% Fe2O3, with most of the samples coming from

Anomaly D, the southernmost magnetic anomaly. The decision was then made to drill

test the targets in 2012, starting with Anomaly D where the highest grades had been

sampled (up to 75% Fe2O3).

The 2012 exploration program consisted of an 1189 metre Phase 1 reconnaissance drill

program focused on the main group of 353 claims, as well as a prospecting program on a

small 18 claim block (Licence 19307M) located about 10 kilometres west of the main

claim group. In addition, a limited amount of prospecting was conducted south and west

of Anomaly D, and drill pads were cut at Anomaly A.

The drilling program was highly successful and all holes intersected significant

thicknesses of iron formation including up to 125.17 metres grading 28.28% Fe (total

iron) from GL12-05. A second phase of drilling was recently completed and will be

reported on in a supplementary report. .

2. Location and Access

The Iron Horse Property consists of 371 claim units in 10 licenses for a total of 92.365

sq. km located located in western Labrador (Figure 1), 160 km northeast of the iron

mining centre of Labrador City and 80 km west of Churchill Falls, both of which are well

serviced communities. Direct access is presently via plane or helicopter. The Trans

Labrador Highway is located 35 km to the south and the Esker Lake Road is located 10

km to the north. The Labrador – Quebec Railway is approximately 55 km to the west and

an existing power line parallels the Trans Labrador Hwy. The main iron formation

showings targeted for testing are located in the northeast part of the property at

approximately UTM (NAD 27) grid coordinates 5,950,000North and 337,000 East, on

NTS 23H/11.


3. Claim Status

The licenses were staked by Golden Dory Resources (GDR) and Metals Creek Resources

(MEK) and both companies each retain a 50% interest in the claims. All claims are

currently in good standing. The drilling outlined in this report was confined to Licence

013463M. In addition, a one day reconnaissance prospecting program was conducted on

Licence 19307M. Table 1 is a complete list of the claim licenses comprising the Iron

Horse Iron Property and Figure 2 is a claim sketch outlining the claims.

Accommodations while working the property will be at the Northern Lights Lodge on the

Esker Lake Road.

Table 1: Iron Horse Property Exploration Licenses.

Property License

Number Client Name

Issuance

Date

No. Of

Claims

NTS Map

Sheets

Iron Horse 013463M Golden Dory Resources May 17/07 65 23H/12

Iron Horse 015510M Metals Creek Resources Oct 23/08 14 23H/11 & 12

Iron Horse 017680M Metals Creek Resources. May 17/07 13 23H/11 & 12

Iron Horse 017683M Metals Creek Resources May 17/07 99 23H/11 & 12

Iron Horse 018845M Metals Creek Resources. Apr 25/11 65 23H/11 & 12

Iron Horse 018846M Metals Creek Resources Apr 25/11 9 23H/11 & 12

Iron Horse 018882M Metals Creek Resources Apr 28/11 10 23H/11 & 12

Iron Horse 019307M Metals Creek Resources Sept 9/11 18 23H/11 & 12

Iron Horse 019910M Metals Creek Resources Mar 2/12 58 23H/11 & 12

Iron Horse 019911M Metals Creek Resources Mar 2/12 20 23H/11 & 12

TOTAL 10 Licenses 371 units


Figure 1: Property Location Map

Northern Lights

Lodge


Figure 2: Iron Horse Property Claim Map

4. Regional Geology

Labrador is broken down into five structural geologic provinces or terrains as follows:

Nain Province, Churchill Province, Makkovik Province, Grenville Province, and Superior

Province. The Metals Creek/Golden Dory property is located at the southeastern end of

the Labrador Trough at the junction of the Churchill and Grenville tectonic provinces

(Figure 3).

Bedrock geology consists of fragments of an Archean gneiss terrain which was reworked

during the Hudsonian Orogeny and is known as the Eastern Basement Metamorphic

Complex (Wardle, 1979b), and the overlying Aphebian and Helikian rocks (Rivers,

1982).


Figure 3: Geologic Provinces of Labrador (from Geological Survey Branch, DNR)

5. Property Geology

The Iron Horse claim block is underlain by rocks of the Bruce River and Blueberry Lake

Group, Upper Knob Lake Group, Shabogamo and Michael gabbros, and rocks equivalent

to the Ashuanipi Complex (Figure 4).

Rocks in the southeast part of the claim area consist of the Archean Ashuanipi equivalent

Neoarchean tonalitic and granitoid gneisses that were reworked under retrograde

metamorphic conditions during the Grenvillian orogenesis, resulting in migmatization

and local mylonitization (Wardle, 1979).

Rocks of the Aphebian Blueberry Lake Group/Bruce River Group occur on either side of

the claim group and consist of volcaniclastic sandstone, arkose and conglomerate.

Iron Horse Property


Wardle (1979) describes rocks of the Blueberry Lake Group outcropping to the west of

Iron Horse as consisting of isolated outcrops of polymitic conglomerate, feldspathic

(tuffaceous) sandstone, sericitc phyllite, slate, greywacke with well developed, graded

bedding, and thin units of felsic tuff.

The Knob Lake Group occurs both in the northern and southern areas of the claim block

and are also Aphebian in age. The Upper Knob Lake Group includes the Sokoman and

Wishart fms. These units consist of cherty ironstone, quartzite and dolomite. Wardle

describes the iron formations in the Way Bay area as being more highly metamorphosed

and are present as quartz-grunerite-magnetite and carbonate-grunerite schists.

The Sims Formation forms hills and cappings of conglomerate, arkose and quartzite in

the northwestern part of the map area, but does not occur within the boundaries of the

claim group. These rocks are Helikian in age and have been warped into broad northwest

trending folds during subsequent deformation (Wardle, 1979).

Most of the rocks in the area have been intruded by a voluminous suite of olivine gabbro

and diabase rocks of the Shabogamo Gabbro, of assumed Helikian age. The intrusions

vary from sills and discordant sheets in the sedimentary-volcanic sequences to discordant

stocks within the basement lithologies. A characteristic feature of the gabbro in the

southern area of the map is a coarse pitted weathering surface produced by preferential

weathering of large poikilitic pyroxene grains, and a tendency towards spheroidal

weathering (Wardle, 1979).


Figure 4: Property Geology Map – Iron Horse Area

6.0 Mineralization

Four separate lenses of highly magnetic iron formation were defined from the airborne

survey. The lenses vary in strike length from 1.2 to 4.0 km and apparent thicknesses

from 100 to 500 meters (Figure 7). There are a number of other prospective targets

identified as moderately strong magnetic units and these have yet to be evaluated in the

field. Subsequent sampling of the strongly magnetic iron formations was hampered by an

extensive veneer of overburden. The iron formation was sampled when available and

varied from a banded magnetite unit to a thickly bedded massive magnetite unit with

grain sizes from fine to medium grade. A brief description of each lens follows:

Anomaly A – A discrete east-west trending magnetic high, 1,300 meters by 200

meters. The source of the anomaly was not found as the area is covered with overburden.

One float sample taken showed moderate magnetism and analyzed 33.77% Fe2O3


Anomaly B – A 4.0 km long east northeast trending magnetic high with indicated

thicknesses from 100 to 500 meters horizontal thickness. Four samples taken from

separate areas analyzed from 46.06% to 58.36% Fe2O3. Samples are described as both

outcrop and angular float consisting of magnetite, hematite Banded Iron Formation

(bands consist of massive magnetite and cherty layers.

Anomaly C – A 1200 meter by 700 meter ovoid lying between Anomaly B and

Anomaly D. No sampling was done on this target.

Anomaly D – A 2000 meter by 1000 meter horseshoe shaped magnetic high with

a number of massive to banded magnetite samples with values up to 75.38% Fe2O3

(values generally in the 40 to 75% range). Both sporadic bedrock and large angular float

were sampled and are described as banded to thickly bedded Iron Formation.

7.0 Summary of Previous Work

In 1952, the Iron Ore Company of Canada under the direction of Garth Jackson

conducted reconnaissance scale mapping in the general area of the current Iron Horse

property. Iron Formation was noted and sampled in two locations which returned assays

of 29% and 19.3% Fe. Although no map illustrating sample locations was included in the

report, the samples were believed to be collected in the vicinity of Anomaly D (Figure 7).

In 1957, Labrador Mining and Exploration completed an airborne EM survey covering a

portion of the Iron Horse property. Follow-up of the airborne EM anomalies resulted in

the discovery of two areas of uranium mineralization in the vicinity of Anomaly D with

values up to 0.2% U3O8. The samples were limited to float material characterized

predominately as pyritic/graphitic argillite. The company was unsuccessful in finding a

bedrock source. Labrador Mining carried out sporadic work in the general area up to

1984. Although the area was subsequently staked by other companies, there is no record

of any additional field work until the MEK/Golden Dory staking.

The present claims were staked in 2007 with airborne geophysics (magnetics, EM and

radiometrics) completed in 2008 and initial prospecting/sampling completed in 2011.

Within the property, the magnetic data defines the Labrador Trough Iron Formation(s) as

a structurally folded and faulted iron formation with a number of areas that may be

thickened by the structural complexity (Figure 5). A prospecting/sampling program was

carried out in June, 2011 and targeted both the magnetic iron formations and the

radiometric anomalies. Highlights from this sampling include:

Iron Formation sampling – A total of 34 grab samples were taken from various iron

formation targets which were outlined as discrete magnetic highs on the airborne

geophysics survey (Figure 7). Results from grab samples of both outcrop and angular

float ranged from 11.42% Fe2O3 to 75.38% Fe2O3 with 79% of the samples assaying

greater than 25% Fe2O3 and 62% of the samples over 40% Fe2O3. The samples

represented massive to semi-massive medium grained magnetite and banded cherty

magnetite iron formation. Excellent examples can be found at Anomaly D (Figure 8).


Fig 5: Airborne Magnetics

Fig 6: Typical Terrain


Fig 7: Airborne Anomalies

8.0 2012 Exploration Program

Mobilization of drill related personnel to the Iron Horse Project commenced on June 19,

2012. The program was completed on July 15, 2012 with a total of 1188.97 meters of

core being recovered. Drilling on the project was performed by Innu Cartwright Drilling

Ltd. based in Goose Bay, Labrador with the use of one drill rig. Universal Helicopters,

also based out of Goose Bay, provided helicopter support for the program.

Anomaly A

Anomaly B

Anomaly C

Anomaly D


Fig 8: Large Float – Massive Magnetite at Anomaly D

Prior to the commencement of drilling, three days were spent ground proofing proposed

drill targets on the main group of claims and a single day was spent prospecting on

Licence 19307M located approximately 10 kilometres to the west. In addition, one day

was spent with James Conliffe of the Geological Survey investigating mineralization on

the main block as well as magnetic anomaly investigation on Licence 19307M.

The program implemented two twelve hour drill shifts to maximize daily meterage. All

holes were drilled using BTW thin-wall rods and all casings were left in the holes. Core

was flown from site to the Northern Lights Lodge near the Gabbro Hydro Structure

where it was logged, cut and sampled. The Lodge provided excellent infrastructure and

amenities for the purpose of the drill program.


A total of 5 drill holes were completed by Golden Dory Resources during the program.

A drill hole location map showing first derivative airborne magnetic has been provided as

Figure 9 below. All holes were drilled in various areas of Anomaly D were the best

mineralization was noted from prior field investigations. Table 2 provides a summary of

details for each hole drilled on the Iron Horse Property.

All coordinates are provided in UTM NAD27/Zone 21.

Table 2: Summary of Iron Horse Diamond Drill Holes

Hole id Easting Northing Elevation Azimuth Dip Total_Depth

GL12-01 337034.00 5949158.00 N/A 25.00 -45.00 136.72

GL12-02 338087.00 5948588.00 N/A 135.00 -45.00 314.15

GL12-03 338044.00 5948450.00 N/A 135.00 -45.00 195.20

GL12-04 337635.80 5948811.40 N/A 25.00 -45.00 228.75

GL12-05 337492.00 5948662.00 N/A 135.00 -45.00 314.15

All drill hole localities were recorded using a handheld GPS unit and will be properly and

more accurately surveyed during the Companies upcoming Phase 2 Program. Acid tests

were performed at the bottom of each hole to determine approximate dip variations in

drill holes. An accurate down hole survey tool for use in highly magnetic rocks was not

available for the program. All drill logs, assay certificates and digital drill hole database

pertaining to the Phase 1 Iron Horse Drill Program have been appended to this reports as

Appendices A, B and C respectively.

One day was spent on 19307M prospecting in an effort to explain a regional magnetic

anomaly in the central portion of the licence. An extensive unit of moderately magnetic

volcanic breccia was observed and sampled and is believed to be the cause of the

anomaly. Rock descriptions and assays are appended as Appendix D. Prospecting was

also carried out on Licences 17680M and 18845M in the southern and southwestern areas

of the property in the vicinity of iron bearing float sampled (JMM-11-018, MAM-11-034

and RCSS-11) and reported on by Metals Creek in 2011. Additional float of banded iron

formation as well as non-magnetic hematitic iron mineralization was observed but no

bedrock sources were located.

Several days were also spent cutting drill pads on Licence 17683M in preparation for

future drill testing of Anomaly A.

A desk top Historical Assessment was prepared by Gerald Penney Associates and is

attached as Appendix E.


Figure 9: Drill Hole Location Map


9.0 2012 Diamond Drill Results

The reconnaissance drilling performed in the Anomaly D area of the Iron Horse Property

proved very successful in intersecting significant iron mineralization of economic

interest. All five drill holes intersected significant mineralization of potentially economic

grades and widths. Table 3 provides a summary of the results from all five drill holes.

All assay certificates have been provided as Appendix B.

Table 3: Summary of Iron Horse Reconnaissance Drilling Assay Results

Hole From (m) To (m) Length (m) Fe (%)

GL12-01 5.32 43.33 38.01 33.64

Dip -45 and 54.00 61.66 7.66 28.36

GL12-02

61.50 143.00 81.50 28.27

Dip -45 incl. 109.00 143.00 34.00 34.23

GL12-03

3.47 124.40 120.93 30.08

Dip -45

GL12-04

4.26 91.75 87.49 34.03

Dip -45 incl 49.40 70.15 20.75 41.02

and 150.10 210.60 60.50 20.34

GL12-05*

2.83 128.00 125.17 28.28

Dip -45 incl 56.00 106.00 50.00 36.02

and 134.00 174.50 40.50 21.96

and 258.80 314.15 55.35 24.83

*Hole ended in mineralization at 314.15 m

*Hole to be deepened.

The following sections provide brief descriptions of each hole drilled during the 2012

Iron Horse reconnaissance drilling program. Schematic drill sections have also been

provided. Orientations for all sections are based on field observations in outcrop and

core angles observed during logging. Additional drilling is required to fully understand

geometry of the mineralization and stratigraphy encountered during the program.


GL12-01

GL12-01 targeted one of only a few trustworthy banded iron formation (BIF) outcrops in

the area. The hole was collared within five meters of the approximate east-west trending

outcrop and well into the airborne magnetic anomaly. A broad intersection of BIF was

encountered and an undercut hole is warranted to fully understand the true width of

mineralization in this area. Mineralization in this hole appears to be cut by a mafic

(gabbroic) dike but additional drilling is required to confirm its true orientation. Figure

10 below provides a schematic drill section of the hole.

Figure 10. Schematic Vertical Drill Section of GL12-01

GL12-02

GL12-02 was collared on the eastern side of Anomaly D (See Figure 9). The hole was

collared on the western edge of an approximate one kilometer portion of a northeast-

southwest trending magnetic high. A large area of banded iron formation is covered in

strongly magnetic and hematitic boulders which made this a very favourable area for


drilling. Hole GL12-02 encountered much more overburden and till cover than expected,

however did reach good BIF (taconite) mineralization between 62.27m and 150.96m.

The hole was allowed to run but no additional mineralization was encountered. The

eastern side of the magnetic anomaly currently remains unexplained and additional

drilling is warranted. Figure 11 below provides a schematic drill section of the hole.


GL12-03

Drill hole GL12-03 was collared approximately 150 meters to the southwest and along

strike from GL12-02 to test the strike extension of the zone intersected in GL12-02. The

hole was successful in intersecting BIF (taconite) and returned 120.93 meters of iron

formation grading 30.08% Fe. As with GL12-02, the eastern side of the magnetic

anomaly remains unexplained and additional drilling is required in this area to fully test a

possible fold limb on its eastern side. Figure 12 below provides a schematic drill section

of the hole.



GL12-04

GL12-04 was collared to test a large sub-crop of massive magnetite/hematite boulder in

the area and also to test the possible strike extension of mineralization intersected in

GL12-01. The hole was collared slightly into the interpreted edge of the approximate

east-west trending magnetic anomaly and intersected two zones of mineralization. The

upper section, from the collar to a depth of 135.00 meters depth, proved to be the

strongest and graded 34.03% Fe over 87.49 meters. This intersection was more massive

than the lower section of dominantly lesser magnetic taconite that graded 20.34% Fe over

a width of 60.5 meters. GL12-04 remains open in all directions. Figure 13 below

provides a schematic drill section of the hole.


Figure 13. Schematic Vertical drill section of GL12-04

GL12-05

GL12-05 was drilled at a 135degree azimuth near the western edge of a large, broad

magnetic lobe of Anomaly D and targeted BIF in outcrop just ahead of the collar. The

hole intersected the broadest iron intersection noted in the drill program; 125.17 meters

grading 28.28% Fe. A second intersection just below this graded 21.96% Fe over 40.5

meters. At a depth of 260.80, and to the end of the hole at 314.15 meters, taconite was

again intersected. The bottom section assayed 24.83% Fe over 55.35 meters. Due to

time constraints the hole was terminated in mineralization and the hole will be deepened

upon startup of the Phase 2 Program. It is currently believed that the lower mineralized

zone represents a repetition of the upper mineralized sequence and that a broad scale fold

exists in the area. Further drilling is required to test this idea. Figure 14 below shows a

schematic drill section of the hole.


Figure 14. Schematic Vertical drill section of GL12-05

All five holes intersected similar stratigraphy throughout the various areas of Anomaly D.

The main mineralized zones included intersections of typical banded iron formation

(taconite) and sections of more massive, fine and medium grained magnetite and

hematite. Other sedimentary/metamorphic sections encountered included very fine

grained, black, graphitic metamorphosed mudstones, non-magnetic banded

metasediments, localized marble and gabrroic dikes. Core encountered throughout the

holes was very competent and nearly 100% recovery was noted from all holes.

It is currently thought the geology of the area is more complex than the initial round of

drilling indicates. All holes targeted areas where structural and fold complexities were

thought to be at a minimum in order to maximize results for the Phase 1 Program. All

holes targeted the strongest airborne magnetic targets with coinciding outcrop exposures

where possible. Boulders in the area suggest folding does exist on both the small and

larger scales and this is also evident in the airborne data.


10. Conclusions and Recommendations

Results from the 2012 reconnaissance diamond drilling program in the Iron Horse area

proved very successful and significant intervals of economic interest were encountered.

All five drill holes intersected iron mineralization with the widest interval of 125 meters

grading 28.08% Fe in drill hole GL12-05. Additional drilling is warranted on all known

targets in the area to fully identify the economic significance of the property. In addition,

Hole GL12-05 will be deepened as the hole was terminated in iron formation.

Respectfully submitted,

Timothy Froude, P. Geo.

VP Exploration

Golden Dory Resources Corp.


References

Avison, A.T.

1984: Block 135 Report on 1983 Exploration with Attached Reports on Blocks 4, 8-18,

20, 21, 26-31, 33, 43-45, 53, 55, 57, 63, 68, 78-80, 84-87, 92, 94-96, 100, 103-108, 110,

115-118, 120-125, 127-131, 134, 136, 138, 139, 140 and 142. Labrador Mining and

Exploration Company Limited unpublished report. NLDNR [LAB(666)]

Baird, D.M.

1950: Geology of the Evening Lake – South Gabbro Lake area of Labrador. Maps and

Report, Iron Ore Company of Canada. Unpublished Report. Newfoundland and Labrador

Geological Survey, Assessment File 23H/0002

Belland, R.

1950: Geology of the Gabbro Lake area. Maps and Report, Labrador Mining and

Exploration Company. Unpublished Report. Newfoundland and Labrador Geological

Survey, Assessment File 23H/0003

Breau, G.J.

1957: Geophysical anomaly investigation report of the Ossokmanuan Lake area,

Labrador, Labrador Mining and Exploration Company Limited, Unpublished Report,

Newfoundland and Labrador Geological Survey, Assessment File 23H/0010

Findlay, D.C.

1957: Primary Anomaly Evaluation. Labrador Mining and Exploration Company

Limited, unpublished report. NLDNR [13L(3)]

Grant, J.M.

1978: Assessment Report on flood reconnaissance for 1978 submission of Labrador

Mining and Exploration Company Limited Block 120 in the Way Bay area, Labrador.

Newfoundland and Labrador Geological Survey, Assessment File 23H/11/0056, 6 pages.

Grant, J.M.

1978: Assessment Report on flood reconnaissance for 1978 submission of Labrador

Mining and Exploration Company Limited Block 124 in the McKay River area,

Labrador. Newfoundland and Labrador Geological Survey, Assessment File

23H/11/0060, 5 pages.

Grant, J. M.

1979: Rock sampling report on block 120, Labrador. Labrador Mining and Exploration

Company Limited. Newfoundland and Labrador Geological Survey, Assessment File

LAB/0502


Grant, J. M.

1980: Report on an Airborne Geophysical Survey of block 124, Labrador. Labrador

Mining and Exploration Company Limited. Newfoundland and Labrador Geological

Survey, Assessment File 23H/11/0080

Grant, J. M.

1980: Report on an Airborne Geophysical Survey of block 120, Labrador. Labrador

Mining and Exploration Company Limited. Newfoundland and Labrador Geological

Survey, Assessment File 23H/11/0076

Jackson, G.

1952:Report on the geology of the Mckay Lake area, Labrador. Iron Ore Company of

Canada; Newfoundland and Labrador Geological Survey, Assessment File 23H/0005,

1952, 25 pages. NTS: 23H/11, 23H/12, 23H/13

Olson, D. P.

1979: Canadian Mining Geophysics Ltd. NTS 13L, 13M, 23H AGS Survey Harp Lake

area, Labrador, Newfoundland. Hudson’s Bay Oil & Gas Co. Ltd. unpublished report.

NLDNR [LAB/1386]

Rivers, T.

1982: Preliminary Report on the Geology of the Gabbro Lake and McKay River Map

areas (23H/11 and 23H/12), Labrador. Newfoundland and Labrador Department of Mines

and Energy, Mineral Development Division [Report 82-2]

Tiphane, M.

1951: Geology of the Tiphane Lake area. Map and Report, Iron Ore Company of

Canada. Unpublished report. Newfoundland and Labrador Geological Survey,

Assessment File 23H/0018

Wardle, R.J.

1979: Sandgirt – Gabbro Lake Area. Government of Newfoundland and Labrador,

Department of Mines and Energy, Mineral Development Division, Map 79-017, NTS

23H/11, 23H/14

Ware, M.J.

1979: Geology of the Sims Lake-Evening Lake area, western Labrador in Report of

Activities for 1978 Newfoundland and Labrador Department of Mines and Energy,

Mineral Development Division. Report 79-1

Ware, M. J. and Wardle, R. J.

1979: Geology of the Sims-Evening Lake area, Western Labrador with emphasis on the

Helikian Sims Group. Newfoundland and Labrador Department of Mines and Energy,

Mineral Development Division [Report 79-5]


APPENDIX A

EXPENDITURES


Expenditures – Licence 13463M

Personnel

Dean Fraser - geophysical interp., core logging, reporting 50 days $ 33,900.00

Timothy Froude – project management, core logging 40 days $ 19,210.00

Calvin Keats – core cutting/sampling, drill pad construction 33 days $ 11,220.00

Hayward Critchley – core cutting/sampling, drill pad construction 30 days $ 10,200.00

Subtotal: $ 74,530.00

Diamond Drilling

Innu Cartwright Drilling 1189 meters BTW core all inclusive $186,740.13

Core Boxes 600 trays @ $9.00 $ 5,400.00

Subtotal: $192,140.13

Fuel

Mining Petroleum Ser. – 50 drums of Jet fuel + 50 drums drill fuel (incl. shipping)

Total $42,727.07 of which 45% used in program (45% of $42,727.07) $ 19,227.18

Helicopter Support

Universal Helicopters 53.9 hours @ $1740.00 hr $105,798.18

Universal Helicopters 608 liters Jet A fuel $ 936.32

Northern Lights Lodge 6970 liters Jet A fuel @ $2.20 per liter $ 15,334.00

Subtotal: $ 122,068.50

Travel and Accommodations

Air Travel to Labrador (6 return fares) $ 5,903.26

Northern Lights Lodge ($125 per man day for 9 men including drillers and pilot) $ 27,610.19

Drive Pick-up from St. John’s to Camp (2 men 3 days all inclusive) $ 3,995.00

Subtotal: $ 37,408.45

Assaying

Activation Labs – 405 core samples for prep, XRF analysis and Specific Gravity $ 21,060.10


Miscellaneous Field Supplies

Gazebo, saw blades, tarpaulins, etc $ 4,785.50

Hydraulic core splitter - prorated 50% of $5,343.84 plus shipping $ 2,671.92

NRCAN Assay standards (High Fe and Low Fe) $ 500.00

Gas, propane $ 1,972.00

Truck Tires (4) $ 1,319.15

Subtotal: $ 11,248.57

Historic Resources Assessment

Gerald Penny Associates Ltd pro-rated 17.5% of $5,147.00 $ 900.72

Total: $ 478,683.65

Overhead and Administration 10% $ 47,868.36

Grand Total: $ 526,552.15



Personnel

Dean Fraser - geophysical interp., prospecting, reporting 4 days $ 2,400.00

Timothy Froude – project management, prospecting, reporting 4 days $ 1,700.00

Calvin Keats – prospecting 1 days $ 340.00

Hayward Critchley – prospecting 1 days $ 340.00

Subtotal: $ 4,780.00

Helicopter Support

Universal Helicopters 2.9 hours @ $1740.00 hr + fuel $ 4,305.98


Northern Lights Lodge ($125 per man day for 4 men) total of 4 man days $ 500.00

Assaying

Activation Labs – 3 rock samples for prep, XRF analysis and ICP , Au, PGE’s $ 213.40

Air photos $ 18.00



Total: $ 10,064.43





Personnel

Dean Fraser – drill pads, prospecting, reporting 4 days $ 2,400.00

Timothy Froude – project management, drill pads, prospecting, reporting 4 days $ 1,700.00

Calvin Keats – drill pads 2 days $ 680.00

Hayward Critchley – drill pads 2 days $ 680.00


Helicopter Support



Northern Lights Lodge ($125 per man day for 4 men) total of 12 man days $ 1,500.00

Miscellaneous

Chainsaw Gas, oil, chain $ 27.00

Airphotos $ 18.00

Subtotal: $ 45.00


Gerald Penny Associates Ltd pro-rated 26.7% of $5,147.00 $ 1,374.25

Total: $ 12,144.50





Personnel

Dean Fraser – geophys.interp, prospecting, reporting 3 days $ 1,800.00

Timothy Froude – project management, reporting 4 days $ 1,700.00




Helicopter Support



Northern Lights Lodge ($125 per man day for 4 men) total of 11 man days $ 1,375.00

Miscellaneous

Airphotos $ 18.00

Subtotal: $ 45.00



Total: $ 12,445.29





Personnel

Dean Fraser – geophysical interp, prospecting, reporting 3 days $ 1,800.00

Timothy Froude – project management, reporting 2 days $ 1,700.00




Helicopter Support



Northern Lights Lodge ($125 per man day for 4 men) total of 7 man days $ 875.00

Miscellaneous

Air photos $ 18.00



Total: $ 9,069.80

Overhead and Administration 10% $ 906.98




Personnel

Dean Fraser – geophysical interp, reporting 1 days $ 600.00

Timothy Froude – project management, reporting 1 days $ 425.00




Total: $ 1,315.44





Personnel






Total: $ 1,248.23





Personnel






Total: $ 1,258.82





Personnel






Total: $ 1,927.93





Personnel






Total: $ 1,402.94




APPENDIX B

IRON HORSE DRILL LOGS

(GL12-01 to GL12-05)

Golden Dory Resources Ltd.GL12-01

Page 1 of 2

100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%

38.9

36.4

34.5

34.435.831.7

34.232.1

1.52

1.50

1.50

1.50

1.501.50556016

26.50 28.0028.00 29.50

7.00

10.00

19.00

22.00

556013 23.50 25.00

556001 5.32

556003 8.48

556009 17.50

1.50 33.335.334.7

43.33 54.00

556011 20.50

556015

556008 16.00 17.50 - Banding at 80 deg T.C.A. 556007 14.50 16.00 - Unit varies from strongly to weakly magnetic 556006 13.00 14.50 1.50 - Dominately interlayered medium grained magnetite and hematite with blotchy carbonate; local fine grained bands 556005 11.50 13.00

Fe

To test airborne magnetic anomaly and high grade iron outcrop showing

556002

% REC.

7.00 36.41.481.68

- Local Cm scale quatrz veining @ 55 deg T.C.A

22.105.32

FROM (m)

TO (m)

WIDTH (m)

- bedding @ 80 degrees T.C.A.

Banded Iron Formation (Sokoman Formation)

8.48

ASSAYS

%

SAMPLE NO.

REMARKS:

FROM TO

OBJECTIVE:

PROPERTY:

CONCESSION:COMMENCED: June 23, 2012COMPLETED: June 24, 2012

*UTM NAD27/Zone 20

NORTHING:LENGTH:ELEVATION:

AREA: Labrador Trough Dean Fraser 337034EASTING: HOLE: GL12-01

24-Jun-12 5949158136.72m

TESTS: N/ADEPTH METHOD

Cartwright Drilling

LOGGED BY:DATE LOGGED:

GRID LOCATION:

CORE SIZE: BTWCORE LOCATION: Gabbro Lake Lodge

AZ. DIP-46

Acid Collar GPS 25

DRILLING CO:

Excellent Core Recovery (100% in mineralized Zone). Iron formation intersected in hole from bottom of overburden to 61.66m. DDH possibly drilled in the wrong direction based on known local stratigraphy. DDH collared well into the heart of the airborne magnetic anomaly and zone is not closed off.

DESCRIPTIONDEPTH

(m)

36

Medium grained gabbroic dike

20.50 1.50 33.5- Unit distictly different that above and characterized by very fine grained magnetite banding

0.00 5.32 Overburden and boulder material- Boulders of varying lithologies; mainly intrusive and sedimentary

10.00 11.50 1.50

- Unit looks like magnetite bearing mudstone- Locally banded near top of unit becoming strongly folded and deformed @ 29m 22.00

1.50

1.50

- Dominate bedding @ 75 deg T.C.A. 556014 25.00 26.50

23.50556012 1.50

22.10 43.33 Very fine grained banded magnetite iron formation 556010 19.00

34- 8.48m -22.10m - Strong magnetite/hematite mineralization 556004

- 5.32m - 8.48m - local hematitic bands and bands of non magnetic sediments

1.50 38


Page 2 of 2

100%100%100%100%100%100%100%100%100%100%100%100%100%100%

100%

26.8

3637.1

26.7

27.931.130.2

1.66

33.71.501.50

1.50

1.501.501.50556029 58.50 60.00

556030 60.00 61.66

556027 55.50 57.00556028 57.00 58.50

32.50 34.00556020 34.00 35.50

556024 40.00 41.50556023 38.50

556018 31.00 32.50

556031 61.66 64.00

2.34 6.53

556026 54.00 55.50 1.50 25.8556025 41.50 43.33 1.83 26.6

40.00 1.50 29.2

62.23

136.72 E.O.H

136.72

62.23

- From 118.05 to E.O.H increase in qtz/carb veining

- Unit fairly massive and undeformed- Minor qtz/carb veining containing sulphides (pyhrrotite, cpy, pent?)

- Dominate magnetite banding @ 60 deg T.C.A.(57.07m)

Very fine grained black graphitic mudstone

- Unit locally strongly deformed

- Similar to upper banded iron formation but appears lower grade and not as strongly magnetic overall- Non-magnetic sedimentary bands t/o

37.00556021556022

35.50 37.00 35.427.138.50 1.50Very fine grained banded magnetite iron formation61.6654.00

- Small section of pyhrrotite+cpy+pent?? from 61.32m - 61.53m

Fine grained gabbroic dike

1.50

- Chilled margins at lower contact - Local sulphides present 556017 29.50 31.00

1.50- Non-magnetic with cm scale calcite veining- Upper and lower contacts at 30 deg T.C.A.

1.50 31.1

61.66

556019

- 125m - Baning @ 80 deg T.C.A.- 118.05m Banding at 50 deg T.C.A


Page 1 of 3

100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%1.50

23.927.218.3

20.1

0.77

1.50

1.50

1.50

1.45

5.1526.2

- Mainly massive with centimeter scale qtz and calcite veinlets

1.50 27.3

35.47 62.27 Interbanded green/grey quartzite and highly siliceous fine grained sediments556040 73.00

23.233.18 35.47 Greenish quartzite 556035

556044 79.00 80.50 - 62.27m banding @ 50 degrees T.C.A556045 80.50 81.95

- 39.24m banding at 20 degrees T.C.A.76.00

1.50

1.50

64.00

- Unit highly silicified

77.50556042 1.50

65.50

67.00 1.50

0.00 22.66 Overburden and boulder material

1.55 30.5

556048- Unit moderately to strongly magnetic through banding - Magnetite content increases down the hole

556046 81.95

85.00556047 83.50

Banded Iron Formation

74.50 1.50 19.1

- Local sulphides (pyrite) present

DESCRIPTIONDEPTH

(m)

OBJECTIVE:

REMARKS:

1.50

Collar GPS 0

DRILLING CO:

AZ. DIP-45

Acid Cartwright Drilling


GRID LOCATION:


HOLE: GL12-02

3-Jul-12 5948592314.15m


*UTM NAD27/Zone 20


AREA: Labrador Trough Dean Fraser 338092EASTING:PROPERTY:

CONCESSION:COMMENCED: 25-Jun-12COMPLETED: 2-Jul-12

FROM TO

ASSAYS

Excellent Core Recovery (almost 100% in mineralized Zone). Banded and massive iron formation intersected and appears to be drilled in the correct orientation. Local radioactivity noted in a small section of core in Box 4. Trace arsenopyrite noted in mineralized zone.

%

SAMPLE NO.

FROM (m)

TO (m)

WIDTH (m)

- 25.20 - 25.79 - brecciated zone with qtz and black sediments

Very fine grained graphitic mudstone

64.00

556036

62.27

22.66 33.18

1.5023.5

25.21.7319.1

To test airborne magnetic anomaly and high grade iron outcrop showing and boulders in area

556033

% REC. Fe

- Unit appears brecciated

62.27 81.95

67.00 68.50 - Quartzite possibly micaceous with veinlets of epidote and minor sulphides present 556037 68.50 70.00 - Upper and lower contacts irregular 556038 70.00 71.50

71.50 73.001.50

76.00

25.2

20.922

62.27

65.50 20.5

556043 77.50 79.00

556032 61.50

556034

556041 74.50

556039

85.0083.50

86.50


Page 2 of 3

100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%92%92%92%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%

1.682.002.00

2.002.002.00

2.00

1.501.501.50

1.501.50

0.82

1.50

1.50

1.50

1.501.501.50

127.00 128.50

556078 129.32 131.00

28.3

26.4

24.532.130.8

556073 122.50 124.00

556077 128.50 129.32

125.50

556071 119.50 121.00118.00 119.50

556072 121.00 122.50

556070

556068 115.00 116.50556069 116.50 118.00

556066 112.00 113.50556067 113.50 115.00

27.8

556056 98.50 100.00

556061 104.50

35.8

- 134m - banding at 60 deg T.C.A

110.50 112.00

556063 107.50 109.001.50

35.61.50

- 141m - banding @ 80 deg T.C.A.

1.50

109.00 110.50

- Same as above but is iron rich

Massive Iron Formation

1.50

92.50

556050

55605281.95

- 76.8m- banding @ 20 degrees T.C.A. - 94.72m - banding @ 90 degrees T.C.A

- 122.11 - banding @ 60 degrees T.C.A

88.00 24.5

25.792.50 1.5089.50

556051 91.00

magnetite bands up to 1 meter in thickness

Very fine grained and banded green/grey cherty sediments

- Upper and lower contacts at 60 degrees T.C.A.

- 105.0m - banding @ 55 degrees T.C.A

- Trace arsenopyrite noted locally (See box 25)

- Unit strongly magnetic but weakening down the interval - 130m - banding 80 deg T.C.A.

Quartz vein and quartz breccia zone

Banding:

- Upper contact @ 90 T.C.A and irregular - Lower contact at 50 degrees T.C.A

Quartz vein and quartz breccia zone

- Local carbonate veing containing po and py

- Core loss from 116.55 -118.41 meters

- Fragments sedimentary in origin

149.00

- Quartz breccia zone occurs along contact between gabbroic dyke and iron formation

- 159.6 - 161.15 - locally clotty pyhrrotite and minor pyrite present

Massive banded black and grey/green graphitic mudstones

Gabbroic Dike

129.32

150.96

161.92

204.78

205.10

150.96

161.92

204.78

94.00

556087

1.50 26.3

556054 95.50 97.00 1.50 28.9556055 97.00 98.50 1.50 39.3

1.50 20.1

28.8

1.50 32.5

1.50 18.6

33.2

1.50 33.7

1.50 38.41.50 44.3

20.914

34.5

1.50 38.3

1.50

36.5

556064

1.50 35.9

556065

33.4

3330.7

14.911.9

556080 133.00 135.00

147.002.002.00

556079 131.00 133.00

1.96

139.00 141.00

556086 145.002.00 19.3

556081 135.00 137.00

556083556084 141.00556085

147.00

31.2

16.8

143.00

556082 137.00 139.00

- increase in po from245.00m downwards

143.00 145.00

556088 149.00 150.96

- Chilled margins at lower and upper contacts- Dike moderately magnetic- Upper contact @ 50 degrees T.C.A. annd lower at 60 degrees T.C.A.

- Same as unit intersected in top of hole

- Lower contact at 40 degrees T.C.A.

205.10

129.32

556049 86.50 88.00

556053 94.00 95.50

556057 100.00 101.50556058 101.50 103.00

106.00 107.50

556059 89.50 91.00556060 103.00 104.50

106.00556062

- Same as above unit

253.36

556074 124.00556075 125.50 127.00556076

34.4

34.232.631.9

33.4


Page 3 of 3

100%100%

- Veinlets @ 45 degrees T.C.A

Massive white fine grained marble/limestone

- Local clotty and veitlets of po present

Fine grained white marble as above

- 213.5 @ 55 degrees T.C.A.

- Overall banding orientation @ 60 degrees T.C.A

- 216.55 @ 60 degrees T.C.A.

- Remnant banding @ 283.65m (90 deg. T.C.A), 310.15m (45 deg. T.C.A.)

- Upper and lower contacts diffuse and bleached

- Unit weakly deformed - Lower contact at 60 degrees T.C.A

Marble/bleached banded sediments- Grey-white and locally banded- Minor sulphides present- Interval shows remnant banding an may represent bleaching or overprinting of banded sediments

Fine grained black argillaceous sediments

- Calcite veining present

E.O.H.

Black, silicious graphitic mudstones

267.00

302.72

306.67

312.64

313.39

314.15

314.15

313.39

312.64

306.67

302.72

253.36

267.00

556089 150.96

- Same as upper interval with local sections of quartz/breccia - Unit shows weak magnetism locally t/o

152.00556090 158.50 159.50

- Core loss from 238-241.0m - core broken

- 228.75 @ 60 degrees T.C.A. - 244.0 @ 55 degrees T.C.A.

Banded fine - medium grained grey-black siliceous sediments


Page 1 of 2

- 88.39 - 92.35 - strongly magnetic section - massive magnetite from 90 - 91m.

Bedding flat throughout @ 15-25° to core axis. Sharp lower contact at 20° with fine grained greenish

at 20° to core axis.

- Interbedded very fine green siliceous mudstones and grey-white coarser grained sandstones

- Core displays deformation and possible folding has occurred (folded core @ 10.66m)

- 46.00 - 49.00 - stronger Fe mineralization

- 82.00 - 88.00 - Section of leaner, medium to dark grey, laminated siltstone/mudstone. Possibly a fine grained mafic


- 75.00 - 82.00 - strongly mineralized iron formation locally bands of massive magnetite +/- hematite to 0.5m wide. Banding

- bedding @ 59m - 20° to core axis

dike from 83.50 to 87.00. Lower contact at 20° to core axis with moderately mineralized banded iron formation

mudstone from 74 to 75.

Excellent Core Recovery (almost 100% in mineralized Zone). Banded and massive iron formation intersected and appears to be drilled in the correct orientation. No radioactivity noted in this hole. Trace arsenopyrite noted in mineralized zone.

DESCRIPTIONDEPTH

(m)

195.2 GPS 135

DRILLING CO:

AZ. DIP-45



GRID LOCATION:


Gabbro Lake, Licence 13463M HOLE: GL12-03

1-Jul-12 5948450195.20


*UTM NAD27/Zone 20


AREA: Labrador Trough Tim Froude 338044EASTING:

OBJECTIVE:

PROPERTY:

CONCESSION:COMMENCED: 3-Jul-12COMPLETED: 5-Jul-12

REMARKS:

FROM TO

ASSAYS

SAMPLE NO.

FROM (m)

TO (m)

WIDTH (m)

- 29.5 - 41.2 - more massive section of banded iron and lesser hematite

Banded Iron Formation See135.003.47

- 63.00 - 75.00 - thinly bedded medium grey siltstone. Weakly to moderately magnetic with local stronger magnetism

Sheet

To test airborne magnetic anomaly and high grade iron outcrop showing and boulders in area. Also to test strike extension of GL12-02 iron mineralization

556091

556173

% REC.

toAssay

- 50.00 - 52.00 - brecciated, disrupted banding

- 59.00 - 62.00 - leaner cherty formation, red/pink garnets common, greyish/green- 52.00 - 59.00 - stronger Fe mineralization locally 20-300cm massive magnetite


Page 2 of 2

20 cm wide. Red garnets common throughout from 92.90 to 111.0.- minor broken core at 75.80 - 76.00- bedding at 94m at 45° to core axis

- becoming more rhymically banded and medium grey downhole from 113.50. Sandy beds more common than chert

148.85 155.10

170.50

Bedding throughout at 65° to core axis.

above. Fine grained brownish matrix (grunerite?). More like contorted dark mudstones. Bedding highly variable from 10 to 70°. Magnetism nearly absent from 128.95m. Fairly sharp lower contact with chert. Trace to 1%

- 92.90 - 122.40 - Chert rich banded iron formation. Pale greenish gray chert with disseminated/to banded magnetite up to

- small Z fold at 106.15

- bedding at 103, 80° to core axis

- good s folds developed (0.5m scale) at 120.0m.

to core axis with black shale.

Light to medium grey, massive, weakly magnetic gabbro dyke. Trace to 1% disseminated po/py +/- trace cpy. Chilled

- bedding at 106 35° to core axis

- bedding at 122.40 @ 50° to core axis- 124.00 - 135.00 - Downhole from 124, unit becoming more weakly magnetic and less like banded iron formation than

Chert/Sandstone

and bleached upper contact. EOH AT 195.20

degrees to core axis with fine to medium grained gabbro dyke.

disseminated/stringer po +/- py throughout, more common in lower section.

bedding at 144.80 is 45° to core axis. Hairline fractures filled with dark silica +/- po. Weakly magneticLight grey massive to locally weakly laminated chert with sandy laminations and beds. Strongly fractured/brecciated with

locally. Sharp lower contact at 45° with banded sediments.

Grey to brown fine grained locally well laminated siltstone sandstone. Occasional thin (<1cm) cherty iron rich sections

Shale

Banded Sediments

148.85

183.64 195.20

155.10

171.50

135.00

170.50

- bedding at 172 @ 35° to core axis. Bedding at 181.50 @ 45° to core axis. Sharp lower contact at 50°

Chert/SandstoneAs from 135.00 - 148.85. Sharp lower contact with quartzite.

Mainly well bedded/laminated dark grey to black shale. Occasional interbedded grey quartzite (with 1-2% disseminated po)

171.50 Quartzite

Large dots of coarse grained po/py throughout. (up to 10cm diameter).- laminated po/py also common throughout shale unit.

Light grey/green fine grained weakly laminated quartzite. Disseminated pyrrhotite to 1%. Sharp lower contact at 40°

183.64


Page 1 of 3

very fine grained (amorphous looking) moderately magnetic section from @ 65.50 - 66.50. Still drilling down dip.

at 9.40m 70° to core axis. Bedding at 20m 60° to core axis. Banding becoming more sharply

41.00 - 44.90 locally becoming medium reddish (hematitic) in colour with numerous narrow (<20cm) bands of

5° to core axis. Missing core (lost from core tube and ground up) 30cm from 51.00 to 51.85. Looking coarser

downhole from 15.20m (strongest hematite/specularite from 15.20 - 18.30) Small Z fold at 12.30m. Bedding

Mainly light to medium grey banded to massive iron Fm. Lighter bands more chert/sandstone rich. Darker grey

0.00 4.26 Overburden

Bedding @ 44.50 is 70° to core axis. Bedding @ 52.50 is 0° to core axis. Bedding @ 56.50 is

37.00 - 41.00 becoming somewhat less magnetic, more strongly laminated mudstone sandstone. Locally strongly

Bedding 5°. Minor cherty sections locally from 64.00 - 67.00.

(granular, possibly recrystallized) downhole from 54.00 to 57.00. Drilling nearly down dip. From 57.30 to 58.50nearly massive hematite/specularite mostly magnetic. 30cm lost core from 59.00 - 61.00m. Very dark grey to black,

hematite rich massive to disseminated Fe Fm (red streak), specular hematitic locally (as from 43.40 - 44.90m).

Excellent Core Recovery (almost 100% in mineralized Zone). .

DESCRIPTIONDEPTH

(m)

228.75 GPS 0

DRILLING CO:

AZ. DIP-45



GRID LOCATION:


Gabbro Lake - Licence 13463M HOLE: GL12-04

1-Jul-12 5948811.4228.75


*UTM NAD27/Zone 20


AREA: Labrador Trough Tim Froude 337635.8EASTING:

OBJECTIVE:

PROPERTY:


REMARKS:

FROM TO

ASSAYS

SAMPLE NO.

FROM (m)

TO (m)

WIDTH (m)

bands of magnetite range from 1mm to 20cm in width. Earthy red hematite +/- specular hematite becoming common

Iron Formation4.26 82.85

contorted with good tight folding at 40.40m. Bedding at 40m 70° to core axis.

Sheets

To test airborne magnetic anomaly and high grade iron outcrop showing and boulders in area

to

% REC.

556174

defined downhole from 9.26m to 13.50m. Several sections of fine grained massive hematite/specularite rich rockfrom 21.30 to 24.00. Numerous intervals (10-40cm wide) of coarser grained magnetic Fe formation from 27 - 34m.Possibly recrystallized? Black needles of amplibole common locally in coarser sections.

AssaySee

556281


Page 2 of 3

from 73.00 to well bedded light to dark grey mud/siltstone with minor chert bands from 70.00 to 73.00. Downholeto 82.85 less magnetic and becoming more greenish in colour.

greenish grey, generally fine grained, weakly to locally moderately siliceous section of bedded to locally

Generally well bedded locally broken unit. Minor irregular quartz carbonate veinlets throughout. Random lighter grey/green

Chert/Sandstone

Iron Formation (similar to above)Light grey, siliceous, possibly brecciated Fe Fm. Contains 30cm section of near massive very fine grained magnetite.

Bedding at 70.5m is 30° to core axis. Open fold at 71.00m. Reddish colouration with associated blue tinge

brecciated sediment. Very weakly magnetic. Bedding at 86.50 @ 50° to core axis. Sheared lower contact

silty bands throughout. Bedding uniform except at contacts. Upper contact at 70° but contorted as well.

from 131.65 - 132.00m. Sharp lower contact at 60° to core axis within banded iron formation.

with black shale.

Black Shale

Lower contact at 70°. Bedding 60-70° throughout. Sharp lower contact with thin zone of cherty Fe Fm.

Contorted and brecciated downhole from @ 112m. Irregular lower contact with chert/greywacke. Bedding commonly

Remainder of unit very lean. Sheared upper contact at 60° to core axis. Broken or conglomeratic lower contact withgreywacke/shale.

Mainly well laminated black shale with interbedded light to medium grey fine grained greywacke/siltstone.Shale/Greywacke

Disseminated, stringer and local pods of pyrite (5% overall). Irregular quartz/carbonate stringers +/- py/po.

60-70° to core axis.

102.95

105.40

113.20

131.25

91.85

102.95

113.20

131.25

Interbedded chert/greywacke (similar as from 82.95 - 91.35). Grey green, locally well laminated chert/greywacke section. Locally weakly magnetic (122.25 - 127.90) but generally very lean to barren. Bedding at 115.5 to 50°118.75 to 40°. Poorly bedded downhole from 122m. Sharp lower contact with Black Shale. Fault zone from

133.95Massive, locally crudely laminated Black Shale. Broken upper contact at 80° to core axis. Barren quartz veining

1130.15 - 130.75 @ 50° to core axis?

82.85 91.85 Chert/Sandstone

Broken core 95.70 - 97.00 and 100 - 100.40.

105.40

Black Shale


Page 3 of 3

near upper contact, becoming magnetic @ 137.70m. Bedding at 137m @ 15° to core axis. Variable and

developed. Bedding highly viable: at 154.50 20° to core axis; at 157.5 5° to core axis; 159.35 30° to core axis;

as disseminations and semi-massive bands up to a few cms wide. Bedding remaining flat to 15° to core axis through

Grey to green fine grained package of greywacke, siltstone, chert, similar to above but non-magnetic. ChertMixed Sediments

EOH AT 228.75m

Flat to low angle to core axis through to 167.0. Variable magnetism from weak to locally moderate. Magnetite common

to core axis. Bedding at 199.0 30° to core axis. Mineralization appears to be weakening downhole reverting backto light grey from 191.0m. Core virtually non-magnetic downhole from 210.0m.

in fine grained medium grey, massive siltstone.

133.95 210.00

210.00

Bedding at 147.35m to 0° to core axis. Bedding at 148.0m to 40° to core axis. Complex folding developed locallydownhole. From 150.0 mainly fine grained greyish siltstone and magnetic downhole from 146.0 - very little chert

Mainly dark grey, locally siliceous, locally massively bedded to well laminated lean iron formation. Non-magnetic

228.75


178.0m. Bedding at 174.75 15° to core axis. Bedding at 178m 15° to core axis. From 189.50, unit becomingdominantly light greenish and more siliceous/cherty. Bedding at 189.10 to 20° to core axis. Bedding at 196.0 20°

generally weakly magnetic to @ 144.00m. Downhole from 144.0m more consistently and strongly magnetic.

generally white to medium grey with fine network of greyish fractures (221.0 - 222.65 and 225.50 - 227.0m.) Hole ends


Page 1 of 3

Assay556282 See

556405

10.0m @ 90 degrees T.C.A (banding)Core Angles

15.86m @ 90 deg T.C.A. (bedding)

To test broad airborne magnetic anomaly and highly magnetic BIF outcrops and boulders in area

to

% REC.

Sheets

21.0m @ 60 deg T.C.A. (banding)

2.83 42.91


45.66

FROM (m)

TO (m)

WIDTH (m)

- Locally strongly magnetite with 10cm scale massive magnetite bands t/o


ASSAYS

SAMPLE NO.

REMARKS:

FROM TO

OBJECTIVE:

PROPERTY:


*UTM NAD27/Zone 20


AREA: Labrador Trough Dean Fraser 337492EASTING: HOLE: GL12-05

5948662314.15m


Cartwright Drilling


GRID LOCATION:


AZ. DIP-45

Acid Collar GPS 0

DRILLING CO:

Excellent Core Recovery (almost 100% in mineralized Zone). Broad intersections of Banded and massive iron formation intersected and appears to be drilled in the correct orientation based on outcrop geology and corresponding core angles. Hole ended in good BIF and needs to be extended. Zone could represent a folded sequence and good mineraization should occur deeper in hole.

DESCRIPTIONDEPTH

(m)

45.66m @ 60 deg. T.C.A.(Contact bedding)


- Unit very fine grained and highly distorted- Small garnets present

- 22.69- 42.91m - Broken core and core loss, slickenslides and chlorite along fracture surface

16.0m @ 50 deg T.C.A. (banding)

Massive magnetite

- 35.60 - 42.91m - Core highly distorted with abundant garnets noted

- Interbedded very fine green metamorphosed mudstones and grey-white courser grained sandstones

33.0m @ 55 deg T.C.A (banding

42.91

45.66 56.00


Page 2 of 3

- 5% po noted near lower contact

135.48

135.48 172.61- greenish grey in colour- Unit strenghtens downhole

166m @ 45 deg T.C.A.

Banded non-magnetic cherty metasediments- Similar looking to above taconite minus magnetite

BIF - Taconite

Core Angles

90.92

125.75

191.49172.61

125.75

90.92

- Unit more cherty towards top of interval

Core angles

112.8 @25 deg T.C.A (banding)

Finely banded iron formation- Banding nearly parallel T.C.A. and folding noted within sections of core

Core angles66.54m @ 70 deg T.C.A. (bedding)

- Unit strongly magnetic but weakening from 108.5 downhole

Black graphitic metasediments

91.1m @ 35 deg T.C.A. (banding)106.0m @ 10 deg T.C.A. (banding)

149m @ 45 deg T.C.A.

- Zone of very strong magnetite mineralization and coarser grained metaseds

- Abundant 10-30cm massive magnetite bands

- Upper contact @ 20 deg T.C.A and lower at 15 deg T.C.A.

- Meter wide massive zones present

- Unit possibly recrystallized and has a bluish and reddish tinge as noted in high grade surface boulders - 61.65 - 62.68m - Quartz vein

- Deformed and strongly magnetic

- No sulphides and minor magnetite frags present

Massive magnetite and lesser BIF56.00

66.54m @ 90 deg T.C.A. (bedding)

- interbeds of very fine grained greenish veinlets…chlorite

- Local mm-cm scale calcie veins and spotty texture locally; unit locally brecciated


Page 3 of 3

Core Angles

Quartzite- Unit light grey to white in colour

194.00

191.49

237.90

315.15

260.80

260.80

237.90

194.00

- 269m banding @ 60 deg T.C.A.- 280m banding @ 60 deg T.C.A.

E.O.H

Banded Iron Formation (Taconite)

- 264m banding @ 30 deg T.C.A.

314.15

Core Angles

Non-Magnetic Banded Metasediments and Chert

Core Angles

- Minor disseminated and stringer po + py- Upper contact @ 50 deg. T.C.A. and lower @ 65 deg. T.C.A.

- Abundant cm scale qtz/sulphide and calcite veinlets locally- Small section of marble from 228.97m - 229.67m

Core Angles

Black Graphitic Metasediments- Same Unit as noted above

Banding @ 60 deg. T.C.A.

- Centimeter scale qtz veining with minor po- Unit massive. Protolith mudstone

- 235.41m - Banding @ 25 deg. T.C.A.

- Unit mod-strongly magnetic locally in top portion becoming stronger downhole

- Darker green (locally garnetiferous) more mafic unit from 308.63m to E.O.H.

- Upper contact @ 60 deg. T.C.A.

Banding @ 30 deg. T.C.A.

- Lower contact @ 60 deg T.C.A.

- Unit same as above but magnetic

- 310m banding @ 50 deg T.C.A.- 293m banding @ 60 deg T.C.A.- 286m banding @ 60 deg T.C.A.

Hole_id SAMP_ID depth_from depth_to Length m

GL12-01 556001 5.32 7.00 1.68

GL12-01 556002 7.00 8.48 1.48

GL12-01 556003 8.48 10.00 1.52

GL12-01 556004 10.00 11.50 1.50

GL12-01 556005 11.50 13.00 1.50

GL12-01 556006 13.00 14.50 1.50

GL12-01 556007 14.50 16.00 1.50

GL12-01 556008 16.00 17.50 1.50

GL12-01 556009 17.50 19.00 1.50

GL12-01 556010 19.00 20.50 1.50

GL12-01 556011 20.50 22.00 1.50

GL12-01 556012 22.00 23.50 1.50

GL12-01 556013 23.50 25.00 1.50

GL12-01 556014 25.00 26.50 1.50

GL12-01 556015 26.50 28.00 1.50

GL12-01 556016 28.00 29.50 1.50

GL12-01 556017 29.50 31.00 1.50

GL12-01 556018 31.00 32.50 1.50

GL12-01 556019 32.50 34.00 1.50

GL12-01 556020 34.00 35.50 1.50

GL12-01 556021 35.50 37.00 1.50

GL12-01 556022 37.00 38.50 1.50

GL12-01 556023 38.50 40.00 1.50

GL12-01 556024 40.00 41.50 1.50

GL12-01 556025 41.50 43.33 1.83

GL12-01 556026 54.00 55.50 1.50

GL12-01 556027 55.50 57.00 1.50

GL12-01 556028 57.00 58.50 1.50

GL12-01 556029 58.50 60.00 1.50

GL12-01 556030 60.00 61.66 1.66

GL12-01 556031 61.66 64.00 2.34

GL12-02 556032 61.50 62.27 0.77

GL12-02 556033 62.27 64.00 1.73

GL12-02 556034 64.00 65.50 1.50

GL12-02 556035 65.50 67.00 1.50

GL12-02 556036 67.00 68.50 1.50

GL12-02 556037 68.50 70.00 1.50

GL12-02 556038 70.00 71.50 1.50

GL12-02 556039 71.50 73.00 1.50

GL12-02 556040 73.00 74.50 1.50

GL12-02 556041 74.50 76.00 1.50

GL12-02 556042 76.00 77.50 1.50

GL12-02 556043 77.50 79.00 1.50

GL12-02 556044 79.00 80.50 1.50

GL12-02 556045 80.50 81.95 1.45

GL12-02 556046 81.95 83.50 1.55

GL12-02 556047 83.50 85.00 1.50

GL12-02 556048 85.00 86.50 1.50

GL12-02 556049 86.50 88.00 1.50

GL12-02 556050 88.00 89.50 1.50

GL12-02 556051 89.50 91.00 1.50

GL12-02 556052 91.00 92.50 1.50

GL12-02 556053 92.50 94.00 1.50

GL12-02 556054 94.00 95.50 1.50

GL12-02 556055 95.50 97.00 1.50

GL12-02 556056 97.00 98.50 1.50

GL12-02 556057 98.50 100.00 1.50

GL12-02 556058 100.00 101.50 1.50

GL12-02 556059 101.50 103.00 1.50

GL12-02 556060 103.00 104.50 1.50

GL12-02 556061 104.50 106.00 1.50

GL12-02 556062 106.00 107.50 1.50

GL12-02 556063 107.50 109.00 1.50

GL12-02 556064 109.00 110.50 1.50

GL12-02 556065 110.50 112.00 1.50

GL12-02 556066 112.00 113.50 1.50

GL12-02 556067 113.50 115.00 1.50

GL12-02 556068 115.00 116.50 1.50

GL12-02 556069 116.50 118.00 1.50

GL12-02 556070 118.00 119.50 1.50

GL12-02 556071 119.50 121.00 1.50

GL12-02 556072 121.00 122.50 1.50

GL12-02 556073 122.50 124.00 1.50

GL12-02 556074 124.00 125.50 1.50

GL12-02 556075 125.50 127.00 1.50

GL12-02 556076 127.00 128.50 1.50

GL12-02 556077 128.50 129.32 0.82

GL12-02 556078 129.32 131.00 1.68

GL12-02 556079 131.00 133.00 2.00

GL12-02 556080 133.00 135.00 2.00

GL12-02 556081 135.00 137.00 2.00

GL12-02 556082 137.00 139.00 2.00

GL12-02 556083 139.00 141.00 2.00

GL12-02 556084 141.00 143.00 2.00

GL12-02 556085 143.00 145.00 2.00

GL12-02 556086 145.00 147.00 2.00

GL12-02 556087 147.00 149.00 2.00

GL12-02 556088 149.00 150.96 1.96

GL12-02 556089 150.96 152.00 1.04

GL12-02 556090 158.50 159.50 1.00

GL12-03 556091 3.47 5.00 1.53

GL12-03 556092 5.00 7.00 2.00

GL12-03 556093 7.00 9.00 2.00

GL12-03 556094 9.00 11.00 2.00

GL12-03 556095 11.00 13.00 2.00

GL12-03 556096 13.00 15.00 2.00

GL12-03 556097 15.00 17.00 2.00

GL12-03 556098 17.00 19.00 2.00

GL12-03 556099 19.00 21.00 2.00

GL12-03 556100 21.00 23.00 2.00

GL12-03 556101 23.00 25.00 2.00

GL12-03 556102 25.00 27.00 2.00

GL12-03 556103 27.00 29.50 2.50

GL12-03 556104 29.50 31.00 1.50

GL12-03 556105 31.00 32.50 1.50

GL12-03 556106 32.50 34.00 1.50

GL12-03 556107 34.00 35.50 1.50

GL12-03 556108 35.50 37.00 1.50

GL12-03 556109 37.00 38.50 1.50

GL12-03 556110 38.50 41.20 2.70

GL12-03 556111 41.20 43.00 1.80

GL12-03 556112 43.00 45.00 2.00

GL12-03 556113 45.00 47.00 2.00

GL12-03 556114 47.00 48.50 1.50

GL12-03 556115 48.50 50.00 1.50

GL12-03 556116 50.00 51.50 1.50

GL12-03 556117 51.50 53.00 1.50

GL12-03 556118 53.00 54.50 1.50

GL12-03 556119 54.50 56.00 1.50

GL12-03 556120 56.00 57.50 1.50

GL12-03 556121 57.50 59.00 1.50

GL12-03 556122 59.00 60.50 1.50

GL12-03 556123 60.50 62.00 1.50

GL12-03 556124 62.00 63.00 1.00

GL12-03 556125 63.00 64.55 1.55

GL12-03 556126 64.55 67.05 2.50

GL12-03 556127 67.05 68.55 1.50

GL12-03 556128 68.55 70.50 1.95

GL12-03 556129 70.50 72.50 2.00

GL12-03 556130 72.50 74.00 1.50

GL12-03 556131 74.00 75.35 1.35

GL12-03 556132 75.35 76.40 1.05

GL12-03 556133 76.40 77.70 1.30

GL12-03 556134 77.70 79.35 1.65

GL12-03 556135 79.35 81.00 1.65

GL12-03 556136 81.00 82.60 1.60

GL12-03 556137 82.60 84.30 1.70

GL12-03 556138 84.30 85.50 1.20

GL12-03 556139 85.50 87.50 2.00

GL12-03 556140 87.50 89.00 1.50

GL12-03 556141 89.00 90.50 1.50

GL12-03 556142 90.50 92.15 1.65

GL12-03 556143 92.15 92.90 0.75

GL12-03 556144 92.90 94.40 1.50

GL12-03 556145 94.40 95.90 1.50

GL12-03 556146 95.90 97.40 1.50

GL12-03 556147 97.40 98.90 1.50

GL12-03 556148 98.90 100.40 1.50

GL12-03 556149 100.40 101.90 1.50

GL12-03 556150 101.90 103.40 1.50

GL12-03 556151 103.40 104.90 1.50

GL12-03 556152 104.90 106.40 1.50

GL12-03 556153 106.40 107.90 1.50

GL12-03 556154 107.90 109.40 1.50

GL12-03 556155 109.40 110.90 1.50

GL12-03 556156 110.90 112.40 1.50

GL12-03 556157 112.40 113.90 1.50

GL12-03 556158 113.90 115.40 1.50

GL12-03 556159 115.40 116.90 1.50

GL12-03 556160 116.90 118.40 1.50

GL12-03 556161 118.40 119.90 1.50

GL12-03 556162 119.90 121.40 1.50

GL12-03 556163 121.40 122.90 1.50

GL12-03 556164 122.90 124.40 1.50

GL12-03 556165 124.40 125.90 1.50

GL12-03 556166 125.90 127.40 1.50

GL12-03 556167 127.40 129.25 1.85

GL12-03 556168 129.25 131.25 2.00

GL12-03 556169 131.25 133.00 1.75

GL12-03 556170 133.00 135.00 2.00

GL12-03 556171 147.00 147.85 0.85

GL12-03 556172 169.30 170.50 1.20

GL12-03 556173 170.50 171.50 1.00

GL12-04 556174 4.26 5.76 1.50

GL12-04 556175 5.76 7.26 1.50

GL12-04 556176 7.26 9.26 2.00

GL12-04 556177 9.26 10.76 1.50

GL12-04 556178 10.76 12.26 1.50

GL12-04 556179 12.26 14.20 1.94

GL12-04 556180 14.20 15.20 1.00

GL12-04 556181 15.20 16.20 1.00

GL12-04 556182 16.20 17.25 1.05

GL12-04 556183 17.25 18.30 1.05

GL12-04 556184 18.30 19.95 1.65

GL12-04 556185 19.95 21.25 1.30

GL12-04 556186 21.25 22.40 1.15

GL12-04 556187 22.40 23.90 1.50

GL12-04 556188 23.90 25.40 1.50

GL12-04 556189 25.40 26.90 1.50

GL12-04 556190 26.90 28.40 1.50

GL12-04 556191 28.40 29.90 1.50

GL12-04 556192 29.90 31.40 1.50

GL12-04 556193 31.40 32.90 1.50

GL12-04 556194 32.90 34.40 1.50

GL12-04 556195 34.40 35.90 1.50

GL12-04 556196 35.90 37.40 1.50

GL12-04 556197 37.40 38.90 1.50

GL12-04 556198 38.90 40.40 1.50

GL12-04 556199 40.40 41.90 1.50

GL12-04 556200 41.90 43.40 1.50

GL12-04 556201 43.40 44.90 1.50

GL12-04 556202 44.90 46.40 1.50

GL12-04 556203 46.40 47.90 1.50

GL12-04 556204 47.90 49.40 1.50

GL12-04 556205 49.40 50.50 1.10

GL12-04 556206 50.50 51.85 1.35

GL12-04 556207 51.85 53.00 1.15

GL12-04 556208 53.00 54.50 1.50

GL12-04 556209 54.50 56.00 1.50

GL12-04 556210 56.00 57.50 1.50

GL12-04 556211 57.50 59.00 1.50

GL12-04 556212 59.00 61.00 2.00

GL12-04 556213 61.00 62.50 1.50

GL12-04 556214 62.50 64.05 1.55

GL12-04 556215 64.05 65.50 1.45

GL12-04 556216 65.50 67.00 1.50

GL12-04 556217 67.00 68.50 1.50

GL12-04 556218 68.50 70.15 1.65

GL12-04 556219 70.15 71.70 1.55

GL12-04 556220 71.70 73.20 1.50

GL12-04 556221 73.20 74.70 1.50

GL12-04 556222 74.70 76.25 1.55

GL12-04 556223 76.25 77.75 1.50

GL12-04 556224 77.75 79.30 1.55

GL12-04 556225 79.30 80.80 1.50

GL12-04 556226 80.80 82.35 1.55

GL12-04 556227 82.35 83.75 1.40

GL12-04 556228 83.75 85.75 2.00

GL12-04 556229 85.75 87.75 2.00

GL12-04 556230 87.75 89.75 2.00

GL12-04 556231 89.75 91.75 2.00

GL12-04 556232 102.95 104.45 1.50

GL12-04 556233 104.45 105.40 0.95

GL12-04 556234 137.70 139.75 2.05

GL12-04 556235 139.75 141.75 2.00

GL12-04 556236 141.75 143.75 2.00

GL12-04 556237 143.75 145.40 1.65

GL12-04 556238 145.40 147.10 1.70

GL12-04 556239 147.10 148.60 1.50

GL12-04 556240 148.60 150.10 1.50

GL12-04 556241 150.10 151.60 1.50

GL12-04 556242 151.60 153.10 1.50

GL12-04 556243 153.10 154.60 1.50

GL12-04 556244 154.60 156.10 1.50

GL12-04 556245 156.10 157.60 1.50

GL12-04 556246 157.60 159.10 1.50

GL12-04 556247 159.10 160.60 1.50

GL12-04 556248 160.60 162.10 1.50

GL12-04 556249 162.10 163.60 1.50

GL12-04 556250 163.60 165.10 1.50

GL12-04 556251 165.10 166.60 1.50

GL12-04 556252 166.60 168.10 1.50

GL12-04 556253 168.10 169.60 1.50

GL12-04 556254 169.60 170.60 1.00

GL12-04 556255 170.60 172.10 1.50

GL12-04 556256 172.10 173.60 1.50

GL12-04 556257 173.60 175.10 1.50

GL12-04 556258 175.10 176.60 1.50

GL12-04 556259 176.60 178.10 1.50

GL12-04 556260 178.10 179.60 1.50

GL12-04 556261 179.60 181.10 1.50

GL12-04 556262 181.10 182.60 1.50

GL12-04 556263 182.60 184.10 1.50

GL12-04 556264 184.10 185.60 1.50

GL12-04 556265 185.60 187.10 1.50

GL12-04 556266 187.10 188.60 1.50

GL12-04 556267 188.60 190.10 1.50

GL12-04 556268 190.10 191.60 1.50

GL12-04 556269 191.60 193.10 1.50

GL12-04 556270 193.10 194.60 1.50

GL12-04 556271 194.60 196.10 1.50

GL12-04 556272 196.10 197.60 1.50

GL12-04 556273 197.60 199.10 1.50

GL12-04 556274 199.10 200.60 1.50

GL12-04 556275 200.60 202.10 1.50

GL12-04 556276 202.10 203.60 1.50

GL12-04 556277 203.60 205.10 1.50

GL12-04 556278 205.10 206.60 1.50

GL12-04 556279 206.60 208.10 1.50

GL12-04 556280 208.10 209.60 1.50

GL12-04 556281 209.60 210.60 1.00

GL12-05 556282 2.83 5.00 2.17

GL12-05 556283 5.00 7.00 2.00

GL12-05 556284 7.00 9.00 2.00

GL12-05 556285 9.00 11.00 2.00

GL12-05 556286 11.00 13.00 2.00

GL12-05 556287 13.00 15.00 2.00

GL12-05 556288 15.00 17.00 2.00

GL12-05 556289 17.00 19.00 2.00

GL12-05 556290 19.00 21.00 2.00

GL12-05 556291 21.00 23.00 2.00

GL12-05 556292 23.00 25.00 2.00

GL12-05 556293 25.00 27.00 2.00

GL12-05 556294 27.00 29.00 2.00

GL12-05 556295 29.00 31.00 2.00

GL12-05 556296 31.00 33.00 2.00

GL12-05 556297 33.00 35.00 2.00

GL12-05 556298 35.00 37.00 2.00

GL12-05 556299 37.00 39.00 2.00

GL12-05 556300 39.00 41.00 2.00

GL12-05 556301 41.00 42.91 1.91

GL12-05 556302 42.91 44.50 1.59

GL12-05 556303 44.50 45.66 1.16

GL12-05 556304 45.66 47.00 1.34

GL12-05 556305 47.00 49.00 2.00

GL12-05 556306 49.00 51.00 2.00

GL12-05 556307 51.00 53.00 2.00

GL12-05 556308 53.00 55.00 2.00

GL12-05 556309 55.00 56.00 1.00

GL12-05 556310 56.00 57.50 1.50

GL12-05 556311 57.50 59.00 1.50

GL12-05 556312 59.00 60.50 1.50

GL12-05 556313 60.50 62.00 1.50

GL12-05 556314 62.00 63.50 1.50

GL12-05 556315 63.50 65.00 1.50

GL12-05 556316 65.00 66.50 1.50

GL12-05 556317 66.50 68.00 1.50

GL12-05 556318 68.00 69.50 1.50

GL12-05 556319 69.50 71.00 1.50

GL12-05 556320 71.00 72.50 1.50

GL12-05 556321 72.50 74.00 1.50

GL12-05 556322 74.00 75.50 1.50

GL12-05 556323 75.50 77.00 1.50

GL12-05 556324 77.00 78.50 1.50

GL12-05 556325 78.50 80.00 1.50

GL12-05 556326 80.00 81.50 1.50

GL12-05 556327 81.50 83.00 1.50

GL12-05 556328 83.00 84.50 1.50

GL12-05 556329 84.50 86.00 1.50

GL12-05 556330 86.00 87.50 1.50

GL12-05 556331 87.50 89.00 1.50

GL12-05 556332 89.00 90.92 1.92

GL12-05 556333 90.92 92.50 1.58

GL12-05 556334 92.50 94.00 1.50

GL12-05 556335 94.00 95.50 1.50

GL12-05 556336 95.50 97.00 1.50

GL12-05 556337 97.00 98.50 1.50

GL12-05 556338 98.50 100.00 1.50

GL12-05 556339 100.00 101.50 1.50

GL12-05 556340 101.50 103.00 1.50

GL12-05 556341 103.00 104.50 1.50

GL12-05 556342 104.50 106.00 1.50

GL12-05 556343 106.00 107.50 1.50

GL12-05 556344 107.50 109.00 1.50

GL12-05 556345 109.00 110.50 1.50

GL12-05 556346 110.50 112.00 1.50

GL12-05 556347 112.00 113.50 1.50

GL12-05 556348 113.50 115.00 1.50

GL12-05 556349 115.00 116.50 1.50

GL12-05 556350 116.50 118.00 1.50

GL12-05 556351 118.00 119.50 1.50

GL12-05 556352 119.50 121.00 1.50

GL12-05 556353 121.00 122.50 1.50

GL12-05 556354 122.50 124.00 1.50

GL12-05 556355 124.00 125.75 1.75

GL12-05 556356 125.75 128.00 2.25

GL12-05 556357 134.00 135.48 1.48

GL12-05 556358 135.48 137.00 1.52

GL12-05 556359 137.00 139.00 2.00

GL12-05 556360 139.00 141.00 2.00

GL12-05 556361 141.00 143.00 2.00

GL12-05 556362 143.00 145.00 2.00

GL12-05 556363 145.00 147.00 2.00

GL12-05 556364 147.00 149.00 2.00

GL12-05 556365 149.00 151.00 2.00

GL12-05 556366 151.00 153.00 2.00

GL12-05 556367 153.00 155.00 2.00

GL12-05 556368 155.00 157.00 2.00

GL12-05 556369 157.00 159.00 2.00

GL12-05 556370 159.00 161.00 2.00

GL12-05 556371 161.00 163.00 2.00

GL12-05 556372 163.00 165.00 2.00

GL12-05 556373 165.00 167.00 2.00

GL12-05 556374 167.00 169.00 2.00

GL12-05 556375 169.00 171.00 2.00

GL12-05 556376 171.00 172.61 1.61

GL12-05 556377 172.61 174.50 1.89

GL12-05 556378 258.80 260.80 2.00

GL12-05 556379 260.80 263.00 2.20

GL12-05 556380 263.00 265.00 2.00

GL12-05 556381 265.00 267.00 2.00

GL12-05 556382 267.00 269.00 2.00

GL12-05 556383 269.00 271.00 2.00

GL12-05 556384 271.00 273.00 2.00

GL12-05 556385 273.00 275.00 2.00

GL12-05 556386 275.00 277.00 2.00

GL12-05 556387 277.00 279.00 2.00

GL12-05 556388 279.00 281.00 2.00

GL12-05 556389 281.00 283.00 2.00

GL12-05 556390 283.00 285.00 2.00

GL12-05 556391 285.00 287.00 2.00

GL12-05 556392 287.00 289.00 2.00

GL12-05 556393 289.00 291.00 2.00

GL12-05 556394 291.00 293.00 2.00

GL12-05 556395 293.00 295.00 2.00

GL12-05 556396 295.00 297.00 2.00

GL12-05 556397 297.00 299.00 2.00

GL12-05 556398 299.00 301.00 2.00

GL12-05 556399 301.00 303.00 2.00

GL12-05 556400 303.00 305.00 2.00

GL12-05 556401 305.00 307.00 2.00

GL12-05 556402 307.00 309.00 2.00

GL12-05 556403 309.00 311.00 2.00

GL12-05 556404 311.00 313.00 2.00

GL12-05 556405 313.00 314.15 1.15

Gabbro Lake Iron Project, 2012 JEA Report 23

Golden Dory Resources, Gander, NL

APPENDIX C

ASSAY CERTIFICATES DIAMOND DRILLING

CERTIFICATE OF ANALYSIS

Innovative Technologies Quality Analysis ...

Invoice No.:

Invoice Date:

Date Submitted:

Your Reference:

27-Jul-12

05-Jul-12

A12-07181

Golden Dory Resources

50 McCurdyGander NL A1V 1A2Canada

K. KeatsATTN:

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

1336 Sandhill Drive, Ancaster, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or +1.888.228.5227 FAX +1.905.648.9613

E-MAIL [email protected] ACTLABS GROUP WEBSITE www.actlabs.com

Emmanuel Eseme , Ph.D.

CERTIFIED BY :

REPORT A12-07181

Notes:

90 Core samples were submitted for analysis.

Code 1C-Exp Fire Assay-ICP/MSCode 8-Iron Ore Analysis XRF Fusion-XRFCode Specific Gravity PulpCode Specific Gravity Core - Core

We recommend reanalysis by fire assay Au, Pt, Pd Code 8 if values exceed upper limit.

Footnote: Sample 556087 low total due to 1.47% SO3.

Quality Control

The following analytical packages were requested:

Activation Laboratories Ltd. Report: A12-07181Au Pd Pt SiO2 TiO2 Al2O3 Fe2O3(T) MnO MgO CaO Na2O K2O P2O5 Cr2O3 LOI V2O5 Total Fe Spec GravAnalyte Symbol

ppb ppb ppb % % % % % % % % % % % % % % % -Unit Symbol2 1 1 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.003 0.01 0.01 0.01Detection Limit

FA-MS FA-MS FA-MS FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF GRAVAnalysis Method

34.66 0.13556001 0.50 55.60 8.51 0.24 0.73 0.22 0.12 0.07 0.02 -1.88 0.003 98.94 38.9 3.88

30.26 0.07556002 0.47 52.06 13.47 0.07 0.75 2.24 0.33 0.03 0.01 -1.12 < 0.003 98.65 36.4 4.06

34.85 0.05556003 0.17 52.00 8.83 0.26 1.57 0.23 0.04 0.03 0.01 0.48 0.003 98.53 36.4 3.91

39.41 0.07556004 0.21 48.69 5.38 0.49 2.40 0.11 0.03 0.03 0.01 2.07 < 0.003 98.90 34.0 3.69

35.33 0.26556005 0.67 49.64 3.23 0.96 4.14 0.32 0.16 0.03 0.01 3.86 < 0.003 98.62 34.7 3.68

32.10 0.35556006 0.70 50.42 4.83 1.14 4.73 0.31 0.15 0.04 0.02 3.99 0.006 98.79 35.3 3.80

38.43 0.26556007 0.56 47.60 3.99 1.91 3.15 0.17 0.09 0.04 0.02 2.97 0.003 99.19 33.3 3.61

32.07 0.28556008 0.51 51.42 3.41 3.21 3.97 0.54 0.22 0.04 0.01 3.99 < 0.003 99.67 36.0 3.74

33.69 0.32556009 0.60 49.34 2.53 2.77 4.87 0.59 0.37 0.04 0.02 4.52 < 0.003 99.66 34.5 3.80

36.68 0.29556010 0.55 47.93 2.02 1.81 4.90 0.41 0.28 0.04 0.04 4.49 0.004 99.44 33.5 3.59

33.33 0.27556011 0.56 49.15 1.15 1.20 6.81 0.38 0.19 0.04 0.05 5.61 0.004 98.74 34.4 3.56

45.29 0.27556012 0.57 51.18 0.40 0.86 0.97 0.07 0.33 0.05 0.03 -0.52 < 0.003 99.50 35.8 3.59

49.26 0.34556013 0.92 45.29 0.77 1.41 1.10 0.25 0.29 0.09 0.02 -0.44 0.005 99.31 31.7 3.48

35.17 0.99556014 1.88 54.35 0.71 4.52 1.06 0.06 1.02 0.21 0.03 -0.68 0.012 99.33 38.0 3.71

41.42 0.57556015 1.62 48.88 0.47 4.56 0.95 0.03 0.63 0.15 0.02 -0.59 0.009 98.72 34.2 3.58

42.56 0.91556016 2.13 45.93 0.22 5.56 0.96 0.01 1.21 0.17 0.03 -0.76 0.014 98.94 32.1 3.59

44.46 0.89556017 2.04 44.41 0.19 5.38 1.00 0.09 1.22 0.14 0.06 -0.84 0.013 99.06 31.1 3.52

42.88 0.55556018 1.39 48.18 0.16 4.78 1.20 0.13 0.75 0.18 0.02 -1.03 0.009 99.20 33.7 3.55

41.13 0.39556019 1.15 51.51 0.15 4.27 0.98 0.06 0.56 0.13 0.01 -1.34 0.007 99.01 36.0 3.70

39.75 0.41556020 1.02 53.07 0.17 4.81 0.81 0.01 0.65 0.14 0.01 -1.44 0.005 99.42 37.1 3.71

40.21 0.56556021 1.26 50.63 0.13 5.44 1.07 0.03 0.84 0.16 0.02 -1.18 0.010 99.18 35.4 3.77

39.39 1.70556022 4.13 38.69 0.16 10.69 1.50 0.03 2.12 0.34 0.06 0.41 0.024 99.24 27.1 3.50

38.61 1.21556023 2.80 41.79 0.34 9.38 2.27 0.05 1.62 0.24 0.04 0.47 0.020 98.84 29.2 3.45

40.12 1.57556024 3.84 38.16 0.29 9.89 2.53 0.07 1.79 0.28 0.07 0.82 0.023 99.46 26.7 3.46

40.12 1.51556025 3.98 38.03 0.21 9.54 2.94 0.14 2.02 0.29 0.05 0.53 0.027 99.39 26.6 3.44

43.87 0.93556026 2.19 36.89 0.11 6.02 5.20 0.06 1.14 0.19 0.04 2.28 0.015 98.92 25.8 3.38

45.26 0.84556027 1.94 39.89 0.10 7.19 2.56 0.06 0.99 0.18 0.04 -0.23 0.014 98.83 27.9 3.39

39.69 1.00556028 2.42 44.75 0.09 7.24 2.97 0.13 1.03 0.19 0.05 -0.71 0.017 98.87 31.3 3.56

40.04 1.15556029 3.45 43.15 0.25 6.96 1.71 0.12 0.60 0.22 0.05 0.89 0.022 98.61 30.2 3.46

44.90 1.13556030 2.72 38.32 0.14 7.57 3.01 0.14 1.11 0.25 0.04 -0.38 0.019 98.97 26.8 3.47

55.44 1.18556031 14.35 9.34 0.15 4.99 3.18 1.58 1.73 0.24 0.03 6.96 0.061 99.23 6.53 2.79

53.34 0.04556032 1.44 27.39 0.76 4.87 5.32 < 0.01 0.34 0.04 0.01 5.43 < 0.003 98.98 19.1 3.18

42.51 0.05556033 2.55 36.03 0.96 5.70 5.37 0.01 0.51 0.09 0.01 5.44 < 0.003 99.23 25.2 3.21

57.08 0.05556034 2.52 29.30 0.64 3.53 2.95 < 0.01 0.91 0.06 0.01 2.44 < 0.003 99.49 20.5 3.10

51.01 0.05556035 3.39 33.19 0.64 3.74 3.26 < 0.01 0.99 0.10 0.01 2.68 0.003 99.05 23.2 3.18

50.69 0.05556036 3.31 31.43 0.62 3.62 4.34 < 0.01 1.61 0.05 0.01 3.38 < 0.003 99.10 22.0 3.19

51.43 0.05556037 3.34 29.92 0.85 3.49 4.52 0.19 1.75 0.05 0.01 4.12 < 0.003 99.72 20.9 3.12

46.45 0.06556038 4.44 33.61 0.81 4.11 4.24 0.13 1.22 0.05 < 0.01 4.42 0.003 99.54 23.5 3.11

44.05 0.05556039 3.01 36.04 1.57 5.10 4.43 0.01 0.38 0.07 < 0.01 4.40 0.003 99.11 25.2 3.23

59.80 0.03556040 1.58 27.39 0.84 2.52 3.52 < 0.01 0.16 0.05 0.01 3.04 < 0.003 98.93 19.1 3.06

45.00 0.06556041 3.49 34.24 0.93 4.10 4.79 0.18 1.29 0.06 < 0.01 5.33 0.004 99.47 23.9 3.20

40.84 0.05556042 2.97 38.95 0.94 4.22 4.37 0.34 0.97 0.07 0.01 5.72 < 0.003 99.45 27.2 3.25

62.77 0.03556043 1.52 26.19 0.56 2.39 2.06 0.08 0.45 0.05 0.01 2.48 0.003 98.59 18.3 3.07

45.79 0.06556044 3.61 39.06 0.61 3.90 1.85 0.28 1.37 0.06 0.01 2.52 0.003 99.12 27.3 3.37

52.57 0.05556045 3.31 28.74 0.95 3.86 3.10 0.73 1.00 0.05 0.01 4.42 < 0.003 98.80 20.1 3.11

39.74 0.02556046 1.32 43.66 0.87 2.46 4.60 0.65 0.06 0.06 < 0.01 5.62 0.003 99.06 30.5 3.32

55.58 0.01556047 19.99 7.37 0.16 0.45 1.00 9.09 4.19 0.02 < 0.01 1.28 0.003 99.14 5.15 2.70

51.51 0.03556048 1.17 37.42 0.76 1.82 2.51 0.37 0.30 0.06 < 0.01 3.04 < 0.003 98.99 26.2 3.28

38.22 0.07556049 4.57 40.48 0.64 3.86 3.71 1.52 1.33 0.06 0.01 4.95 < 0.003 99.42 28.3 3.31

36.30 0.02556050 1.05 35.00 1.85 3.88 8.36 0.09 0.42 0.06 0.01 12.15 < 0.003 99.19 24.5 3.28

46.61 0.01556051 1.03 36.71 1.09 2.43 4.97 0.08 0.43 0.06 < 0.01 6.60 < 0.003 100.0 25.7 3.31

43.12 0.04556052 2.38 37.64 0.92 2.78 4.88 1.06 0.39 0.05 < 0.01 6.25 < 0.003 99.51 26.3 3.26

Page 2 of 4

Activation Laboratories Ltd. Report: A12-07181Au Pd Pt SiO2 TiO2 Al2O3 Fe2O3(T) MnO MgO CaO Na2O K2O P2O5 Cr2O3 LOI V2O5 Total Fe Spec GravAnalyte Symbol

ppb ppb ppb % % % % % % % % % % % % % % % -Unit Symbol2 1 1 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.003 0.01 0.01 0.01Detection Limit

FA-MS FA-MS FA-MS FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF GRAVAnalysis Method

55.93 0.01556053 0.56 37.71 0.50 0.88 1.62 0.10 0.13 0.05 0.01 1.46 0.003 98.97 26.4 3.24

45.39 0.01556054 1.05 41.25 1.40 1.90 3.00 0.03 0.28 0.04 < 0.01 4.22 < 0.003 98.58 28.9 3.42

41.16 0.02556055 0.80 56.20 0.56 0.44 0.54 0.32 0.16 0.06 0.01 -0.84 < 0.003 99.43 39.3 3.56

62.94 0.01556056 0.26 34.96 0.47 0.17 0.20 < 0.01 0.14 0.04 < 0.01 0.38 < 0.003 99.53 24.5 3.30

43.59 0.02556057 1.06 45.86 1.84 1.05 2.44 0.18 0.61 0.07 0.01 2.43 < 0.003 99.16 32.1 3.42

48.90 0.12556058 2.41 44.07 0.72 0.63 0.54 0.24 1.45 0.10 0.01 -0.26 0.005 98.95 30.8 3.34

48.89 0.02556059 1.13 39.68 0.86 1.72 2.97 0.05 0.54 0.06 0.01 3.46 < 0.003 99.39 27.8 3.26

55.22 0.40556060 5.20 29.88 1.66 1.24 1.16 0.18 2.43 0.07 0.01 1.57 0.010 99.03 20.9 3.12

62.95 0.41556061 6.09 20.00 2.66 1.09 0.68 < 0.01 2.68 0.07 0.01 2.23 0.007 98.88 14.0 2.97

53.14 1.03556062 6.07 28.69 2.98 1.16 0.58 0.24 3.27 0.12 0.03 2.08 0.016 99.41 20.1 3.11

52.87 1.12556063 9.22 26.57 1.02 1.06 0.44 2.54 3.87 0.18 0.02 0.56 0.020 99.49 18.6 3.06

38.48 1.14556064 10.11 41.15 0.44 0.94 0.39 4.62 1.64 0.18 0.02 0.03 0.036 99.17 28.8 3.38

23.75 1.76556065 13.84 51.20 0.29 0.75 0.49 0.37 5.10 0.36 0.02 0.88 0.071 98.86 35.8 3.74

26.54 1.92556066 12.34 50.96 0.29 0.50 0.27 1.83 3.60 0.20 0.01 0.34 0.050 98.85 35.6 3.52

33.18 1.38556067 9.25 49.30 0.26 0.41 0.55 1.14 2.77 0.40 0.01 0.24 0.032 98.92 34.5 3.41

28.03 3.18556068 11.21 46.42 1.16 1.25 1.04 0.47 4.15 0.76 0.01 1.06 0.062 98.80 32.5 3.55

38.28 0.54556069 1.27 48.20 3.74 1.12 2.52 0.17 0.50 0.31 0.01 2.24 0.018 98.92 33.7 3.58

38.69 0.10556070 0.52 47.80 5.48 0.61 2.46 0.01 0.08 0.07 0.01 2.79 < 0.003 98.63 33.4 3.60

30.82 0.14556071 1.00 54.91 6.35 3.23 0.58 0.36 0.29 0.11 0.01 0.92 0.005 98.73 38.4 3.78

27.36 0.14556072 0.82 63.29 3.66 3.11 0.27 0.06 0.62 0.07 0.01 -0.65 0.004 98.77 44.3 4.03

50.18 0.04556073 0.48 47.54 0.88 0.20 0.11 0.07 0.10 0.04 0.01 -1.15 0.004 98.51 33.2 3.42

39.67 0.06556074 0.64 52.17 5.08 0.22 0.31 0.01 0.03 0.06 0.01 0.58 0.003 98.84 36.5 2.54

38.78 0.11556075 0.63 51.39 6.05 0.54 0.55 < 0.01 0.02 0.07 0.01 0.83 0.004 98.96 35.9 3.65

36.00 0.13556076 0.88 54.74 3.87 2.19 0.75 < 0.01 0.02 0.09 0.02 0.23 < 0.003 98.91 38.3 3.70

29.95 1.18556077 3.06 49.15 3.77 5.21 3.21 < 0.01 0.58 0.77 0.01 1.65 0.018 98.55 34.4 3.69

45.18 0.47556078 1.43 45.60 1.04 3.58 1.10 0.28 0.44 0.15 0.01 -0.41 0.008 98.88 31.9 3.54

43.58 0.56556079 1.64 47.02 0.49 4.13 0.86 0.23 0.68 0.15 0.01 -0.72 0.007 98.63 32.9 3.57

42.61 0.57556080 1.57 48.94 0.28 4.25 0.98 0.34 0.57 0.17 0.02 -0.77 0.009 99.54 34.2 3.57

41.30 0.83556081 2.05 47.70 0.25 5.46 0.98 0.24 0.93 0.20 0.02 -0.59 0.010 99.38 33.4 3.47

42.21 1.05556082 2.40 44.66 0.22 6.37 1.00 0.14 1.31 0.23 0.03 -0.29 0.015 99.34 31.2 3.41

42.94 0.66556083 1.60 47.14 0.18 4.74 0.91 0.39 0.62 0.15 0.02 -0.68 0.009 98.67 33.0 3.46

40.75 1.08556084 2.57 43.85 0.19 7.16 1.79 0.38 1.18 0.27 0.03 0.33 0.016 99.59 30.7 3.46

40.60 2.15556085 5.02 27.55 0.20 12.48 4.25 0.13 2.20 0.37 0.06 4.59 0.037 99.63 19.3 3.15

40.41 2.99556086 7.98 21.29 0.12 15.18 4.49 0.37 1.57 0.39 0.11 4.63 0.051 99.57 14.9 3.07

30.71 2.70556087 7.36 17.09 0.27 10.13 14.46 1.42 1.00 0.38 0.10 12.01 0.046 97.68 11.9 2.99

36.97 2.17556088 5.96 24.01 0.30 7.36 11.21 0.63 1.55 0.33 0.10 9.58 0.037 100.2 16.8 3.10

< 2 < 1556089 < 1

2 < 1556090 < 1

Page 3 of 4

Activation Laboratories Ltd. Report: A12-07181

Quality Control

Au Pd Pt SiO2 TiO2 Al2O3 Fe2O3(T) MnO MgO CaO Na2O K2O P2O5 Cr2O3 LOI V2O5 Total Fe Spec GravAnalyte Symbolppb ppb ppb % % % % % % % % % % % % % % % -Unit Symbol

2 1 1 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.003 0.01 0.01 0.01Detection LimitFA-MS FA-MS FA-MS FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF GRAVAnalysis Method

34.41 2.49MICA-FE Meas 19.35 25.43 0.34 4.67 0.43 0.43 8.67 0.42 0.02 0.019 17.8

34.4 2.50MICA-FE Cert 19.5 25.6 0.350 4.55 0.430 0.300 8.75 0.450 0.01 0.024 17.937

41.26 0.01IF-G Meas 0.20 55.51 0.04 1.97 1.58 0.17 0.01 0.07 38.8

41.2 0.0140IF-G Cert 0.150 55.8 0.0420 1.89 1.55 0.0320 0.0120 0.0630 39.060

38.77 2.71BE-N Meas 10.07 12.90 0.20 13.30 13.94 3.34 1.36 1.10 0.06 0.041 9.02

38.2 2.61BE-N Cert 10.1 12.8 0.200 13.1 13.9 3.18 1.39 1.05 0.0500 0.042 8.98

70.83 0.11AC-E Meas 15.40 2.50 0.06 0.10 0.38 6.80 4.47 1.75

70.35 0.11AC-E Cert 14.70 2.56 0.058 0.03 0.34 6.54 4.49 1.769

9.73 22.78AMIS 0129 Meas 2.74 61.73 0.34 2.13 0.81 0.460 43.2

9.57 22.94AMIS 0129 Cert 2.75 62.31 0.36 2.07 0.80 0.48 43.573

972 2790CDN-PGMS-9 (g/mt) Meas

684

1040 2600CDN-PGMS-9 (g/mt) Cert

710.000

556010 Orig 3.60

556010 Dup 3.59

556020 Orig 3.69

556020 Dup 3.73

44.90 1.13556030 Orig 2.72 38.32 0.14 7.57 3.01 0.14 1.11 0.25 0.04 -0.38 0.019 98.97 26.8 3.47

44.76 1.12556030 Split 2.83 38.08 0.13 7.59 2.98 0.15 1.10 0.25 0.04 -0.45 0.018 98.60 26.6 3.35

44.79 1.13556030 Orig 2.75 38.21 0.13 7.57 2.99 0.14 1.11 0.25 0.04 -0.38 0.019 98.75 26.7 3.46

45.02 1.13556030 Dup 2.70 38.43 0.14 7.58 3.02 0.14 1.11 0.25 0.04 -0.38 0.018 99.19 26.9 3.49

556040 Orig 3.05

556040 Dup 3.07

36.30 0.02556050 Orig 1.05 35.00 1.85 3.88 8.36 0.09 0.42 0.06 0.01 12.15 < 0.003 99.19 24.5 3.28

36.38 0.02556050 Split 1.19 33.83 1.87 4.03 8.61 0.07 0.44 0.05 < 0.01 12.50 < 0.003 98.99 23.7 3.23

556050 Orig 3.29

556050 Dup 3.27

55.22 0.40556060 Orig 5.20 29.88 1.66 1.24 1.16 0.18 2.43 0.07 0.01 1.57 0.010 99.03 20.9 3.12

54.87 0.39556060 Split 5.24 29.81 1.66 1.22 1.16 0.18 2.40 0.07 0.02 1.52 0.010 98.54 20.9 3.15

55.41 0.40556060 Orig 5.15 30.05 1.66 1.22 1.16 0.18 2.41 0.07 0.02 1.57 0.011 99.30 21.0 3.11

55.03 0.40556060 Dup 5.25 29.71 1.67 1.25 1.17 0.18 2.44 0.07 0.01 1.57 0.010 98.75 20.8 3.12

556070 Orig 3.60

556080 Orig 3.58

556080 Dup 3.56

556090 Split 2.67

2 < 1556090 Orig < 1

2 < 1556090 Dup < 1

< 0.01 < 0.01Method Blank < 0.01 < 0.01 < 0.01 < 0.01 < 0.01 < 0.01 < 0.01 < 0.01 < 0.01 < 0.003 < 0.01

< 2 < 1Method Blank < 1

Page 4 of 4



Invoice No.:

Invoice Date:

Date Submitted:

Your Reference:

02-Aug-12

11-Jul-12

A12-07392



Golden Dory Resources Tim FroudeATTN:

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission

must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be

discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results

are representative only of material submitted for analysis.


1336 Sandhill Drive, Ancaster, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or

+1.888.228.5227 FAX +1.905.648.9613



CERTIFIED BY :

REPORT A12-07392

Notes:


Code 1A2 Au - Fire Assay AA

Code 8-Iron Ore Analysis XRF Fusion-XRF

Code 8-Iron Ore Analysis XRF + Fe Fusion-XRF (Fe Included)

Code Specific Gravity Pulp

Code Specific Gravity Core - Core

If value exceeds upper limit we recommend reassay by fire assay gravimetric-Code 1A3

Quality Control



Au Spec Grav SiO2 TiO2 Al2O3 Fe2O3(T) MnO MgO CaO Na2O K2O P2O5 Cr2O3 LOI V2O5 Total FeAnalyte Symbol

ppb - % % % % % % % % % % % % % % %Unit Symbol

5 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.003 0.01 0.01Detection Limit

FA-AA GRAV FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRFAnalysis Method

3.21 0.07 4.80556091 30.05 0.91 3.84 4.16 1.38 1.78 0.06 0.01 0.52 0.004 98.97 21.051.35

3.21 0.04 2.80556092 32.20 1.06 3.00 2.57 0.77 0.94 0.05 0.01 0.05 < 0.003 99.04 22.555.50

3.20 0.04 2.49556093 30.70 1.20 3.55 3.57 0.52 0.92 0.05 0.01 0.29 < 0.003 98.64 21.455.30

3.42 0.05 2.76556094 42.20 0.74 3.43 2.47 0.51 1.38 0.07 0.02 0.03 < 0.003 98.94 29.545.30

3.31 0.05 3.27556095 37.80 0.85 3.80 2.93 0.86 1.27 0.07 0.01 0.20 0.004 99.07 26.447.90

3.10 0.03 1.52556096 29.60 0.51 1.87 1.42 0.22 0.74 0.05 0.01 0.17 0.003 98.94 20.762.80

3.53 0.06 3.90556097 45.70 0.69 4.60 3.75 0.90 1.65 0.07 < 0.01 0.05 < 0.003 99.00 32.037.60

3.34 0.04 2.60556098 36.60 1.32 4.04 5.25 0.66 0.84 0.06 0.01 0.35 < 0.003 98.93 25.647.20

3.31 0.03 3.15556099 38.30 0.86 3.65 2.80 0.41 1.54 0.06 < 0.01 -0.15 < 0.003 98.55 26.847.90

3.25 0.01 0.89556100 35.50 0.72 1.59 2.44 0.06 0.45 0.05 0.01 0.09 < 0.003 98.60 24.856.80

2.94 0.03 0.93556101 18.50 0.69 1.27 1.11 0.13 0.48 0.02 0.01 0.24 < 0.003 99.04 12.975.60

3.26 0.07 4.15556102 41.10 0.44 2.40 1.17 1.04 1.64 0.06 0.02 -0.19 < 0.003 98.99 28.847.10

3.50 0.04 2.92556103 40.90 0.90 3.99 4.73 0.25 1.32 0.06 0.01 0.39 < 0.003 99.30 28.643.80

3.30 0.01 0.56556104 39.10 0.38 0.59 0.95 0.04 0.12 0.05 0.01 -0.75 < 0.003 98.59 27.357.50

3.64 0.02 1.74556105 53.10 0.82 1.86 2.11 0.18 0.47 0.08 0.01 -0.85 < 0.003 99.24 37.139.70

3.69 0.01 0.80556106 53.40 0.38 0.82 0.73 0.05 0.28 0.07 0.02 -1.38 < 0.003 98.89 37.343.70

3.84 0.02 1.06556107 61.90 0.56 1.10 1.50 0.10 0.35 0.06 0.01 -1.03 < 0.003 98.66 43.333.00

3.50 0.01 0.72556108 50.10 0.27 0.57 0.23 0.13 0.22 0.07 0.01 -1.39 < 0.003 99.19 35.048.30

3.47 0.01 0.60556109 47.00 0.26 0.52 0.47 0.12 0.16 0.06 < 0.01 -1.14 < 0.003 98.73 32.850.70

3.39 0.01 0.78556110 42.90 0.43 0.90 1.43 0.12 0.26 0.06 0.01 -0.11 < 0.003 98.76 30.051.90

3.05 0.01 0.67556111 23.60 0.66 1.23 2.52 0.03 0.27 0.03 0.01 1.67 < 0.003 98.80 16.568.10

3.34 0.02 1.12556112 40.80 0.87 1.93 2.83 0.14 0.45 0.06 0.01 1.20 0.003 98.66 28.649.20

3.43 0.02 1.15556113 43.40 1.11 2.40 5.00 0.22 0.40 0.06 0.01 2.96 < 0.003 98.98 30.442.20

3.74 0.01 0.71556114 56.80 0.46 0.87 1.19 0.15 0.22 0.07 0.01 -0.70 < 0.003 99.68 39.739.90

3.30 0.01 0.79556115 38.10 1.17 1.53 3.31 < 0.01 0.36 0.06 0.01 1.93 < 0.003 99.09 26.651.80

3.51 0.02 0.79556116 42.30 1.91 2.18 4.61 < 0.01 0.32 0.04 0.01 3.35 < 0.003 98.54 29.643.00

3.50 0.01 0.69556117 43.50 0.77 0.98 1.39 < 0.01 0.32 0.05 0.01 -0.41 < 0.003 98.59 30.451.30

3.81 0.02 1.17556118 54.90 2.10 2.23 3.99 0.33 0.14 0.06 0.01 1.01 < 0.003 98.72 38.432.70

3.46 0.02 1.39556119 43.60 1.03 1.44 2.79 1.49 0.26 0.05 0.01 1.14 < 0.003 98.63 30.545.50

3.57 0.01 0.65556120 50.95 0.50 0.44 1.41 0.45 0.19 0.07 0.01 -0.32 < 0.003 99.24 35.644.85

3.54 0.04 2.34556121 47.40 1.85 1.45 1.99 0.02 0.83 0.08 0.01 0.05 < 0.003 98.91 33.142.90

3.24 0.05 3.02556122 30.50 2.71 1.53 1.67 < 0.01 0.90 0.08 0.01 0.29 0.004 99.65 21.458.90

3.51 0.06 3.40556123 39.60 4.72 1.91 1.22 < 0.01 0.40 0.10 0.01 -0.41 0.004 99.06 27.748.10

3.01 0.42 5.24556124 22.10 0.61 1.42 0.56 < 0.01 3.05 0.08 0.02 0.83 0.010 98.90 15.564.50

3.93 0.13 2.04556125 57.40 2.62 1.30 0.83 < 0.01 0.71 0.27 0.01 0.33 0.004 98.85 40.133.30

3.11 0.88 5.98556126 28.70 0.86 1.51 1.47 0.02 3.43 0.07 0.02 1.71 0.012 99.04 20.154.40

3.38 1.54 7.01556127 31.10 4.18 1.93 1.32 0.02 2.85 0.14 0.04 1.61 0.019 98.79 21.747.10

3.44 1.73 7.78556128 31.60 4.39 1.73 1.25 0.10 2.92 0.21 0.05 1.20 0.022 98.67 22.145.70

3.26 1.85 8.98556129 27.90 3.03 1.51 1.31 0.82 3.47 0.23 0.04 2.00 0.028 98.71 19.547.60

3.42 2.19 11.50556130 42.40 0.50 1.82 0.25 0.28 5.70 0.14 0.04 0.47 0.036 98.87 29.733.60

3.25 1.65 11.20556131 39.30 0.52 2.11 0.35 0.15 2.47 0.19 0.01 2.44 0.035 98.93 27.538.50

4.29 0.19 1.81556132 80.90 0.13 0.39 0.53 < 0.01 0.87 0.36 0.01 -1.71 0.016 98.84 56.615.40

3.92 0.05 0.47556133 65.10 0.06 0.07 0.07 < 0.01 0.15 0.05 < 0.01 -1.72 < 0.003 98.70 45.534.40

3.55 0.09 0.39556134 49.80 0.05 0.03 0.28 < 0.01 0.18 0.20 0.01 -1.32 < 0.003 99.20 34.849.50

3.90 0.35 1.30556135 65.50 0.12 0.39 0.31 < 0.01 0.76 0.20 0.01 -1.81 0.022 98.54 45.831.40

3.56 2.22 11.00556136 47.00 0.47 2.93 1.05 0.08 6.39 0.75 0.01 -0.04 0.058 98.56 32.926.60

3.18 3.15 13.50556137 29.10 0.47 3.55 1.28 1.77 6.85 0.92 0.01 0.70 0.062 98.62 20.437.30

3.01 3.95 14.80556138 18.70 0.57 3.38 1.90 4.31 5.05 1.41 0.02 0.65 0.045 98.87 13.044.20

3.06 3.50 14.60556139 22.30 0.59 3.68 1.18 3.22 6.16 0.84 0.01 0.85 0.050 98.66 15.641.70

3.18 2.80 12.70556140 30.30 0.79 4.26 1.70 1.91 6.39 0.61 0.01 1.43 0.059 98.60 21.235.70

3.51 2.51 8.54556141 46.20 1.03 2.89 2.30 2.01 3.73 1.19 0.01 0.11 0.038 99.06 32.328.50

3.23 3.84 11.00556142 30.00 2.60 4.93 4.73 0.30 7.01 1.58 0.01 3.00 0.062 98.56 21.029.50

Page 2 of 7



ppb - % % % % % % % % % % % % % % %Unit Symbol

5 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.003 0.01 0.01Detection Limit


3.62 5.18 9.99556143 35.10 5.24 4.72 3.54 < 0.01 5.70 2.11 0.04 0.27 0.064 98.72 24.626.80

3.76 0.09 0.47556144 46.30 6.97 3.87 1.35 < 0.01 0.03 0.05 0.02 1.03 0.007 98.61 32.438.40

3.87 0.05 0.28556145 52.30 8.96 4.67 1.97 < 0.01 0.04 0.03 0.02 3.05 0.007 98.79 36.527.50

3.87 0.06 1.28556146 49.90 8.84 3.89 2.16 < 0.01 0.18 0.04 0.03 4.15 < 0.003 98.59 34.928.00

3.72 0.23 1.25556147 46.70 7.05 4.06 4.13 < 0.01 0.49 0.12 0.01 5.93 0.003 99.48 32.729.50

3.91 0.12 1.30556148 51.80 5.90 2.11 2.63 < 0.01 0.02 0.09 0.01 1.14 < 0.003 99.34 36.234.20

3.77 0.11 0.82556149 51.60 3.82 1.37 3.68 0.25 0.06 0.06 0.01 2.05 < 0.003 99.51 36.135.70

4.10 0.16 1.28556150 62.10 5.64 2.12 5.63 < 0.01 0.02 0.08 0.02 3.59 0.004 99.51 43.419.00

3.89 0.07 0.58556151 58.50 2.88 1.02 2.56 < 0.01 0.03 0.07 0.02 0.87 0.003 99.63 40.933.10

3.61 0.05 0.61556152 50.60 2.83 1.32 1.90 < 0.01 0.03 0.05 0.01 0.50 0.003 99.04 35.441.20

3.98 0.08 0.92556153 58.50 4.01 1.89 2.36 < 0.01 0.02 0.07 0.01 0.45 0.004 98.98 40.930.70

3.69 0.05 0.42556154 50.40 3.05 1.81 1.98 < 0.01 0.02 0.06 0.01 0.60 < 0.003 98.72 35.240.40

3.80 0.09 0.42556155 55.20 3.55 2.88 1.82 < 0.01 0.02 0.08 0.02 0.69 0.005 98.70 38.634.00

3.80 0.31 0.96556156 54.80 3.12 6.61 8.20 < 0.01 0.20 0.15 0.02 14.67 0.006 99.08 38.310.00

3.58 0.46 1.49556157 47.40 0.85 4.45 0.41 0.06 0.72 0.15 0.03 -1.11 0.007 98.82 33.143.90

3.53 0.59 1.79556158 48.40 0.44 4.31 0.82 0.24 0.81 0.15 0.04 -0.89 0.007 99.34 33.842.60

3.48 0.58 1.66556159 46.60 0.29 4.04 0.69 0.22 0.75 0.17 0.02 -0.77 0.009 99.24 32.645.00

3.63 0.62 1.66556160 52.40 0.19 3.89 0.52 0.14 0.83 0.14 0.01 -1.11 0.008 99.97 36.740.70

3.50 0.54 1.51556161 49.00 0.23 4.30 1.24 0.43 0.40 0.18 0.02 -0.63 0.004 100.1 34.342.90

3.63 0.65 1.79556162 48.70 0.21 4.94 1.07 0.55 0.43 0.16 0.02 -0.79 0.007 99.95 34.142.20

3.61 0.70 1.89556163 50.00 0.18 5.43 0.72 0.59 0.50 0.15 0.02 -1.00 0.010 99.67 35.040.50

3.50 1.04 2.48556164 46.60 0.19 6.77 0.68 0.52 0.98 0.21 0.03 -0.82 0.014 99.52 32.640.90

3.41 1.57 4.00556165 35.70 0.23 9.79 1.06 0.68 1.69 0.33 0.04 0.15 0.026 99.59 25.044.30

3.55 1.51 3.33556166 39.30 0.24 9.68 2.13 0.24 1.65 0.28 0.05 1.44 0.024 98.92 27.439.10

3.29 2.38 4.77556167 30.50 0.22 10.40 3.93 0.36 2.24 0.45 0.06 3.59 0.032 99.12 21.340.20

3.09 2.86 8.31556168 20.30 0.17 13.18 5.31 0.43 1.38 0.37 0.10 7.65 0.049 99.47 14.239.30

2.95 1.64 7.26556169 18.10 0.21 7.10 9.47 0.04 1.33 0.24 0.08 8.57 0.029 96.84 12.742.80

2.97 3.54 11.10556170 16.50 0.31 7.19 11.50 1.61 2.57 0.46 0.14 10.81 0.069 97.78 11.531.90

< 5556171

< 5556172

< 5556173

3.37 0.08 0.38556174 47.22 0.09 0.20 0.11 < 0.01 0.14 0.07 0.01 -0.15 < 0.003 98.86 33.050.73

3.25 0.06 0.32556175 42.52 0.07 0.16 0.11 < 0.01 0.11 0.07 0.01 0.35 < 0.003 99.54 29.755.78

3.21 0.06 0.45556176 39.05 0.05 0.15 0.08 < 0.01 0.18 0.04 0.01 1.09 0.005 99.77 27.358.65

3.37 0.17 0.76556177 41.74 0.61 1.30 1.85 0.03 0.31 0.09 0.01 2.13 0.004 99.68 29.250.68

3.31 0.51 1.42556178 38.96 1.04 3.08 4.61 < 0.01 0.78 0.23 0.01 6.73 0.010 99.45 27.242.08

3.16 1.22 4.55556179 31.04 1.29 3.92 4.47 0.29 3.17 0.45 0.01 5.44 0.024 99.07 21.743.19

2.99 2.92 8.79556180 18.89 1.41 4.48 8.81 0.19 7.09 1.37 0.01 7.62 0.055 98.93 13.237.30

3.76 0.59 0.78556181 50.71 7.30 0.78 4.05 0.76 0.57 0.11 0.01 4.18 0.008 99.14 35.529.29

3.97 0.06 0.32556182 43.39 16.57 0.77 2.82 1.69 0.28 0.03 0.01 2.95 < 0.003 99.60 30.330.70

4.00 0.14 0.45556183 61.02 3.35 2.00 4.69 1.08 0.15 0.07 0.01 5.17 0.003 99.31 42.721.18

3.52 0.19 0.82556184 43.91 4.52 2.06 2.47 0.23 0.34 0.09 0.01 4.18 0.004 99.39 30.740.56

4.03 0.18 0.85556185 58.41 4.43 3.11 2.59 0.37 0.26 0.06 0.01 3.20 < 0.003 99.44 40.825.97

3.68 0.05 0.31556186 47.80 3.46 3.20 3.45 0.20 0.21 0.03 0.01 4.55 < 0.003 98.77 33.435.50

3.65 0.10 0.61556187 54.01 1.60 1.77 1.51 0.12 0.33 0.04 0.01 1.58 < 0.003 98.72 37.837.04

3.75 0.10 0.44556188 56.88 1.35 1.31 2.39 0.11 0.16 0.05 0.01 2.36 0.003 98.51 39.833.35

3.79 0.28 0.69556189 59.56 0.75 1.69 1.44 0.14 0.31 0.06 0.03 1.27 0.004 98.92 41.732.69

3.81 0.25 0.67556190 54.67 1.86 1.62 1.05 < 0.01 0.38 0.06 0.02 1.36 < 0.003 98.82 38.236.88

3.68 0.38 0.99556191 53.31 2.68 2.91 0.72 0.50 0.13 0.10 0.03 3.25 0.005 99.32 37.334.32

3.54 0.49 1.00556192 50.49 0.38 2.63 0.34 0.57 0.09 0.07 0.02 0.35 0.006 99.22 35.342.77

3.78 0.34 0.88556193 60.07 0.86 2.01 0.54 0.36 0.29 0.10 0.02 1.23 0.005 99.47 42.032.76

3.76 0.49 1.32556194 55.35 1.96 4.21 0.48 < 0.01 0.10 0.19 0.02 2.07 0.008 99.38 38.733.19

Page 3 of 7



ppb - % % % % % % % % % % % % % % %Unit Symbol

5 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.003 0.01 0.01Detection Limit


3.55 0.90 2.07556195 49.13 0.93 4.37 1.10 < 0.01 0.73 0.25 0.02 1.02 0.011 99.05 34.438.54

3.41 1.01 2.23556196 41.87 0.75 5.14 0.74 < 0.01 1.07 0.25 0.04 0.31 0.014 98.69 29.345.27

3.43 1.26 2.77556197 44.99 0.76 5.38 1.29 < 0.01 1.72 0.28 0.05 0.97 0.019 99.19 31.539.72

3.43 1.02 2.78556198 41.38 1.02 4.05 3.30 0.15 1.69 0.32 0.03 3.50 0.012 99.10 28.939.84

3.25 2.27 7.34556199 28.19 1.38 4.41 7.40 3.12 1.58 0.97 0.01 8.13 0.050 98.75 19.733.90

3.90 0.27 0.52556200 48.43 11.91 1.38 3.38 1.28 0.07 0.07 0.01 3.86 0.004 99.29 33.928.11

3.64 0.19 0.81556201 49.33 4.24 1.81 3.00 0.32 0.35 0.08 0.01 3.89 0.004 98.83 34.534.80

3.91 0.21 0.97556202 58.18 4.41 1.95 1.65 0.34 0.29 0.10 0.01 3.55 0.003 99.43 40.727.77

3.60 0.16 0.87556203 48.68 3.06 2.14 1.53 0.25 0.42 0.06 0.01 3.07 < 0.003 98.88 34.038.63

3.57 0.15 0.42556204 48.55 2.13 1.61 2.19 0.02 0.26 0.05 0.02 3.48 < 0.003 98.80 34.039.92

3.76 0.12 0.47556205 51.70 1.77 1.94 1.35 < 0.01 0.34 0.03 0.01 1.91 0.004 98.72 36.239.08

4.10 0.22 1.10556206 67.55 2.73 2.40 1.08 0.08 0.73 0.07 0.02 1.99 0.003 98.99 47.221.01

4.00 0.11 1.35556207 51.78 9.90 3.65 3.64 0.38 0.53 0.07 0.02 9.77 0.005 98.81 36.217.60

4.15 0.24 1.41556208 61.08 8.01 3.42 2.66 0.37 0.51 0.12 0.03 7.65 0.005 99.57 42.714.07

4.14 0.26 0.76556209 69.28 2.43 2.48 1.52 0.20 0.44 0.06 0.02 2.52 < 0.003 99.33 48.419.36

4.16 0.16 0.74556210 68.18 2.60 2.36 2.22 < 0.01 0.61 0.08 0.01 3.02 0.003 99.06 47.719.08

4.20 0.20 0.86556211 72.61 2.18 2.39 1.55 0.02 0.65 0.07 0.01 1.84 0.003 99.32 50.816.93

4.04 0.19 0.71556212 60.09 4.50 2.34 1.75 0.28 0.23 0.08 0.01 3.18 0.005 98.72 42.025.35

3.60 0.28 1.31556213 48.85 4.94 2.56 1.83 0.09 0.88 0.14 0.01 3.88 0.003 99.46 34.234.69

3.80 0.11 1.05556214 55.62 4.85 2.32 1.87 0.11 0.66 0.06 0.01 3.64 0.003 99.06 38.928.75

3.57 0.25 1.04556215 43.07 5.94 2.28 2.00 0.05 0.72 0.11 0.01 5.09 0.004 99.21 30.138.65

3.59 0.50 2.30556216 49.21 4.04 3.84 0.84 0.02 1.83 0.15 0.02 2.45 0.007 99.82 34.434.61

3.85 0.29 1.19556217 58.89 6.22 2.44 2.27 0.18 0.65 0.20 0.02 5.09 0.005 99.29 41.221.84

3.88 0.27 1.10556218 59.73 6.32 2.45 2.27 0.22 0.56 0.15 0.01 5.21 0.005 100.6 41.822.27

3.50 0.38 1.69556219 47.78 3.68 2.96 1.09 0.06 1.25 0.13 0.01 2.61 0.005 99.68 33.438.03

3.89 0.15 0.77556220 56.44 4.78 2.03 2.17 0.23 0.35 0.08 0.01 4.75 0.005 99.31 39.527.54

3.73 0.05 0.39556221 55.25 3.56 2.74 1.79 0.85 0.07 0.03 0.01 3.81 < 0.003 99.60 38.631.05

3.62 0.07 0.31556222 50.03 1.77 1.58 2.82 < 0.01 0.15 0.05 0.01 2.62 0.003 99.64 35.040.24

3.72 0.19 0.49556223 55.49 1.74 1.86 2.21 < 0.01 0.16 0.05 0.01 1.32 0.003 99.11 38.835.59

2.70 0.01 21.41556224 5.17 0.34 0.30 0.46 9.79 4.45 0.01 < 0.01 0.86 < 0.003 99.08 3.6256.28

3.69 0.20 0.46556225 57.59 1.06 1.50 1.57 < 0.01 0.13 0.05 0.01 0.85 0.004 99.14 40.335.72

3.73 0.29 1.01556226 52.50 4.52 3.18 1.30 < 0.01 0.27 0.08 0.02 4.76 0.005 99.45 36.731.53

3.81 0.44 0.94556227 60.02 1.30 2.79 0.79 < 0.01 0.46 0.14 0.02 0.35 0.008 99.60 42.032.34

3.38 0.31 2.13556228 42.56 1.22 4.89 3.20 0.01 0.51 0.13 0.01 4.01 0.008 99.73 29.840.75

2.87 0.05 1.23556229 19.31 0.43 3.52 4.62 < 0.01 0.13 0.04 < 0.01 6.87 < 0.003 99.07 13.562.89

3.14 0.03 1.86556230 33.57 0.49 4.89 5.03 < 0.01 0.49 0.04 0.01 7.67 < 0.003 98.87 23.544.80

3.05 0.01 0.85556231 27.81 0.37 3.30 3.05 < 0.01 0.27 0.03 0.01 5.45 0.003 99.29 19.458.13

2.97 0.02 0.97556232 28.20 0.44 3.56 2.68 < 0.01 0.33 0.03 < 0.01 3.51 < 0.003 99.28 19.759.60

3.12 0.02 0.25556233 30.90 0.25 1.44 1.61 < 0.01 0.10 0.06 0.01 3.45 0.019 99.18 21.661.10

2.65 0.01 0.10556234 4.26 0.08 0.58 1.19 < 0.01 0.04 0.02 0.01 2.12 0.006 98.68 2.9890.30

2.98 0.04 2.42556235 26.30 0.53 2.65 3.43 0.13 1.07 0.06 < 0.01 6.22 0.004 99.67 18.456.80

2.97 0.02 1.12556236 22.40 0.55 1.88 1.93 0.03 0.50 0.03 0.01 4.76 < 0.003 99.68 15.766.40

3.08 0.05 2.61556237 26.70 1.34 3.32 4.07 < 0.01 1.21 0.05 0.01 10.31 < 0.003 99.36 18.749.70

3.06 0.07 3.79556238 27.80 1.36 3.10 2.64 0.05 1.75 0.11 < 0.01 8.36 0.003 99.69 19.450.70

3.21 0.06 3.22556239 33.80 1.35 3.43 3.84 0.09 1.37 0.05 < 0.01 9.73 < 0.003 99.65 23.642.75

3.10 0.03 1.39556240 19.20 1.96 3.40 0.06 0.62 0.04 0.01 4.79 < 0.003 99.97 13.468.00

3.05 0.03 1.95556241 23.40 0.59 2.50 3.79 0.23 0.86 0.05 0.02 5.29 < 0.003 99.78 16.361.10

3.27 0.07 3.85556242 33.90 0.56 3.33 2.00 0.52 1.77 0.06 0.04 3.89 0.005 100.2 23.750.20

3.34 0.05 2.60556243 38.40 1.01 3.97 3.49 0.07 1.29 0.07 0.01 8.09 < 0.003 99.93 26.940.90

3.25 0.05 3.14556244 35.30 0.89 4.17 2.50 0.01 1.62 0.05 < 0.01 7.05 0.003 99.36 24.744.60

2.93 0.02 0.46556245 17.70 0.52 1.14 1.35 0.08 0.18 0.05 0.01 3.23 < 0.003 99.27 12.374.60

3.23 0.08 2.35556246 31.70 0.97 3.85 4.16 0.14 0.99 0.09 < 0.01 8.26 0.004 99.82 22.147.30

Page 4 of 7



ppb - % % % % % % % % % % % % % % %Unit Symbol

5 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.003 0.01 0.01Detection Limit


3.40 0.07 2.96556247 38.30 0.84 4.18 3.67 0.11 1.44 0.11 0.01 7.11 0.004 99.64 26.840.90

Page 5 of 7


Quality Control

Au Spec Grav Al2O3 Fe2O3(T) P2O5 MnO Na2O Cr2O3 V2O5 CaO Total SiO2 TiO2 MgO K2O LOI FeAnalyte Symbol

ppb - % % % % % % % % % % % % % % %Unit Symbol

5 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.003 0.01 0.01 0.01 0.01 0.01 0.01 0.01Detection Limit


25.50 0.41MICA-FE Meas 0.35 0.44 0.02 0.019 0.42 34.26 2.51 4.64 8.71 17.819.45

25.6 0.450MICA-FE Cert 0.350 0.300 0.01 0.024 0.430 34.4 2.50 4.55 8.75 17.93719.5

25.50 0.41MICA-FE Meas 0.35 0.44 0.02 0.019 0.42 34.26 2.51 4.64 8.71 17.819.45

25.6 0.450MICA-FE Cert 0.350 0.300 0.01 0.024 0.430 34.4 2.50 4.55 8.75 17.93719.5

25.50 0.41MICA-FE Meas 0.35 0.44 0.02 0.019 0.42 34.26 2.51 4.64 8.7119.45

25.6 0.450MICA-FE Cert 0.350 0.300 0.01 0.024 0.430 34.4 2.50 4.55 8.7519.5

55.50 0.07IF-G Meas 0.03 < 0.01 1.56 41.20 0.01 1.98 0.01 38.80.15

55.8 0.0630IF-G Cert 0.0420 0.0320 1.55 41.2 0.0140 1.89 0.0120 39.0600.150

55.50 0.07IF-G Meas 0.03 < 0.01 1.56 41.20 0.01 1.98 0.01 38.80.15

55.8 0.0630IF-G Cert 0.0420 0.0320 1.55 41.2 0.0140 1.89 0.0120 39.0600.150

12.98 1.09BE-N Meas 0.20 3.30 0.06 0.041 13.96 38.74 2.70 13.34 1.38 9.0810.17

12.8 1.05BE-N Cert 0.200 3.18 0.0500 0.042 13.9 38.2 2.61 13.1 1.39 8.9810.1

12.98 1.09BE-N Meas 0.20 3.30 0.06 0.041 13.96 38.74 2.70 13.34 1.38 9.0810.17

12.8 1.05BE-N Cert 0.200 3.18 0.0500 0.042 13.9 38.2 2.61 13.1 1.39 8.9810.1

12.98 1.09BE-N Meas 0.20 3.30 0.06 0.041 13.96 38.74 2.70 13.34 1.3810.17

12.8 1.05BE-N Cert 0.200 3.18 0.0500 0.042 13.9 38.2 2.61 13.1 1.3910.1

2.51AC-E Meas 0.06 6.84 0.37 70.61 0.11 0.09 4.50 1.7615.42

2.56AC-E Cert 0.058 6.54 0.34 70.35 0.11 0.03 4.49 1.769 14.70

2.51AC-E Meas 0.06 6.84 0.37 70.61 0.11 0.09 4.50 1.7615.42

2.56AC-E Cert 0.058 6.54 0.34 70.35 0.11 0.03 4.49 1.769 14.70

2.51AC-E Meas 0.06 6.84 0.37 70.61 0.11 0.09 4.5015.42

2.56AC-E Cert 0.058 6.54 0.34 70.35 0.11 0.03 4.49 14.70

DTS-2b Meas 2.26 0.15 39.33 49.240.53

DTS-2b Cert 2.27 0.120 39.4 49.40.450

85.96 0.14SCH-1 Meas 1.02 0.06 8.18 0.05 0.06 0.03 60.11.13

86.84 0.124SCH-1 Cert 1.003 0.026 8.09 0.052 0.033 0.031 60.730 0.962

85.96 0.14SCH-1 Meas 1.02 0.06 8.18 0.05 0.06 0.03 60.11.13

86.84 0.124SCH-1 Cert 1.003 0.026 8.09 0.052 0.033 0.031 60.730 0.962

85.86 0.13SCH-1 Meas 1.02 0.06 8.18 0.05 0.06 0.031.17

86.84 0.124SCH-1 Cert 1.003 0.026 8.09 0.052 0.033 0.031 0.962

925CDN-GS-1J Meas

946.00CDN-GS-1J Cert

1040CDN-GS-1J Meas


994CDN-GS-1J Meas


1060CDN-GS-1J Meas


1010CDN-GS-1J Meas


276CDN-GS-P3C Meas

263.00CDN-GS-P3C Cert

240CDN-GS-P3C Meas


280CDN-GS-P3C Meas


270CDN-GS-P3C Meas


30.00 0.06556091 Orig 0.91 1.37 0.01 0.003 4.17 98.74 51.20 0.07 3.84 1.78 0.52 21.04.79

30.10 0.06556091 Dup 0.92 1.38 0.01 0.004 4.15 99.21 51.50 0.07 3.85 1.79 0.52 21.14.81

3.26556100 Orig

3.25556100 Dup

3.38556110 Orig

3.40556110 Dup

3.57 51.10 0.07556120 Orig 0.50 0.44 0.02 < 0.003 1.42 99.42 44.90 0.02 0.44 0.19 -0.32 35.70.62

3.58 50.80 0.07556120 Dup 0.50 0.46 0.01 < 0.003 1.41 99.07 44.80 0.01 0.44 0.19 -0.32 35.60.68

3.42556130 Orig

Page 6 of 7


Quality Control

Au Spec Grav Al2O3 Fe2O3(T) P2O5 MnO Na2O Cr2O3 V2O5 CaO Total SiO2 TiO2 MgO K2O LOI FeAnalyte Symbol

ppb - % % % % % % % % % % % % % % %Unit Symbol

5 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.003 0.01 0.01 0.01 0.01 0.01 0.01 0.01Detection Limit


3.42556130 Dup

3.19556140 Orig

3.18556140 Dup

51.60 0.06556149 Orig 3.83 0.26 0.01 < 0.003 3.68 99.27 35.50 0.11 1.36 0.06 2.05 36.10.80

51.60 0.06556149 Dup 3.81 0.25 0.01 0.003 3.68 99.74 35.90 0.11 1.38 0.07 2.05 36.10.84

3.63556160 Orig

3.63556160 Dup

2.96556170 Orig

2.98556170 Dup

4.01556183 Orig

3.99556183 Dup

3.79556193 Orig

3.77556193 Dup

3.60 48.59 0.06556203 Orig 3.06 0.24 0.01 < 0.003 1.53 98.99 38.88 0.16 2.14 0.42 3.07 34.00.83

48.78 0.06556203 Dup 3.06 0.25 0.01 < 0.003 1.52 98.76 38.38 0.16 2.15 0.41 3.07 34.10.90

33.80 0.05556239 Orig 1.34 0.08 < 0.01 0.003 3.82 99.68 42.80 0.06 3.41 1.37 9.73 23.63.24

33.80 0.06556239 Dup 1.35 0.10 < 0.01 < 0.003 3.86 99.61 42.70 0.06 3.46 1.36 9.73 23.63.19

19.20 0.04556240 Orig 0.06 0.01 < 0.003 3.40 99.97 68.00 0.03 1.96 0.62 4.79 13.41.39

19.50 0.04556240 Split 0.04 0.01 < 0.003 3.47 99.57 66.90 0.03 1.99 0.65 5.06 13.61.43

1.00Method Blank

1.00Method Blank

< 0.01 < 0.01Method Blank < 0.01 < 0.01 < 0.01 < 0.003 < 0.01 < 0.01 < 0.01 < 0.01 < 0.01< 0.01

< 0.01 < 0.01Method Blank < 0.01 < 0.01 < 0.01 < 0.003 < 0.01 < 0.01 < 0.01 < 0.01 < 0.01 < 0.01< 0.01

< 0.01 < 0.01Method Blank < 0.01 < 0.01 < 0.01 < 0.003 < 0.01 < 0.01 < 0.01 < 0.01 < 0.01< 0.01

< 5Method Blank

< 5Method Blank

< 5Method Blank

< 5Method Blank

< 5Method Blank

< 5Method Blank

< 5Method Blank

< 5Method Blank

< 5Method Blank

Page 7 of 7



Invoice No.:

Invoice Date:

Date Submitted:

Your Reference:

27-Jul-12

16-Jul-12

A12-07589



K. KeatsATTN:






CERTIFIED BY :

REPORT A12-07589

Notes:


Code 8-Iron Ore Analysis XRF Fusion-XRF

Quality Control

The following analytical package was requested:

Activation Laboratories Ltd. Report: A12-07589SiO2 TiO2 Al2O3 Fe2O3(T) MnO MgO CaO Na2O K2O P2O5 Cr2O3 LOI V2O5 Total FeAnalyte Symbol

% % % % % % % % % % % % % % %Unit Symbol0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.003 0.01 0.01Detection Limit

FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRFAnalysis Method

36.15 0.04 39.72 0.94556248 4.42 5.04 0.06 1.45 0.07 < 0.01 8.52 < 0.003 99.18 27.82.78

50.91 0.04 30.43 0.78556249 3.00 4.08 0.28 0.88 0.07 0.01 6.58 < 0.003 99.12 21.32.06

46.10 0.05 31.10 1.15556250 3.85 4.21 0.59 0.89 0.05 0.01 8.78 0.004 99.47 21.72.69

45.74 0.05 36.49 0.66556251 3.37 2.72 0.49 1.30 0.06 0.01 5.21 < 0.003 99.21 25.53.11

43.80 0.08 38.58 0.41556252 3.70 1.82 0.93 1.92 0.08 0.01 3.46 0.003 99.60 27.04.81

48.74 0.05 34.11 0.56556253 3.57 1.75 0.73 1.72 0.06 0.01 4.00 < 0.003 99.34 23.94.04

48.04 0.05 30.53 0.75556254 3.53 4.28 0.40 1.22 0.05 < 0.01 6.96 0.003 98.79 21.32.98

67.36 0.02 17.29 0.83556255 2.03 3.04 0.14 0.53 0.04 0.01 6.48 0.003 99.14 12.11.36

54.15 0.03 28.75 0.69556256 2.38 3.57 0.16 0.88 0.06 < 0.01 6.31 < 0.003 99.03 20.12.05

46.91 0.05 30.51 1.08556257 3.20 3.64 0.64 1.19 0.07 < 0.01 8.76 < 0.003 99.41 21.33.36

54.83 0.04 25.41 1.04556258 2.78 3.19 0.17 0.69 0.03 0.01 9.33 < 0.003 99.44 17.81.92

61.94 0.04 22.37 0.55556259 2.09 2.82 0.19 0.72 0.04 0.01 6.66 0.005 99.20 15.61.76

48.74 0.07 31.06 0.47556260 2.63 3.50 0.99 1.44 0.06 < 0.01 6.23 0.004 99.34 21.74.14

50.78 0.04 23.93 0.79556261 3.20 5.74 0.52 0.89 0.05 < 0.01 10.85 0.003 99.25 16.72.46

45.30 0.06 28.41 0.86556262 3.66 3.70 0.52 2.68 0.04 < 0.01 9.53 < 0.003 99.37 19.94.60

42.81 0.08 30.02 0.54556263 3.30 4.13 0.68 4.58 0.04 0.01 6.53 < 0.003 99.18 21.06.45

47.60 0.06 29.57 0.67556264 2.65 3.51 0.27 3.39 0.04 < 0.01 6.78 0.004 98.99 20.74.44

52.92 0.05 27.28 0.49556265 2.53 2.58 0.34 2.68 0.04 0.01 6.66 < 0.003 99.29 19.13.71

50.33 0.06 30.75 0.44556266 2.39 2.36 0.35 3.04 0.05 < 0.01 5.54 < 0.003 99.38 21.54.07

44.63 0.06 28.06 0.97556267 3.25 3.47 0.41 2.87 0.15 0.01 11.22 < 0.003 99.45 19.64.34

57.31 0.05 24.04 0.53556268 2.28 2.60 0.31 1.71 0.04 0.01 7.28 < 0.003 99.17 16.83.01

48.71 0.06 26.82 1.05556269 3.08 3.35 0.01 1.23 0.17 < 0.01 12.72 0.003 99.58 18.82.37

54.37 0.04 28.76 0.81556270 3.35 2.01 < 0.01 0.45 0.06 < 0.01 8.45 < 0.003 99.70 20.11.40

61.98 0.04 22.39 0.58556271 2.90 2.38 < 0.01 0.56 0.05 < 0.01 7.26 < 0.003 99.74 15.71.61

31.72 0.05 39.69 0.79556272 3.91 1.85 < 0.01 1.91 0.09 0.01 14.71 < 0.003 98.57 27.83.87

36.92 0.05 27.09 1.04556273 4.56 5.42 0.22 1.55 0.05 0.01 18.21 < 0.003 99.01 18.93.90

56.96 0.03 20.43 0.98556274 2.79 2.38 < 0.01 0.41 0.05 0.01 13.36 0.003 98.64 14.31.26

81.12 0.01 12.03 0.13556275 0.71 0.33 < 0.01 0.12 0.02 < 0.01 3.97 < 0.003 98.79 8.410.38

37.65 0.03 26.10 0.74556276 4.66 6.86 < 0.01 0.44 0.05 0.01 20.74 < 0.003 99.04 18.31.81

30.47 0.03 27.84 0.79556277 5.48 8.78 < 0.01 0.31 0.03 0.01 24.08 < 0.003 99.36 19.51.56

36.25 0.02 42.75 0.52556278 4.78 2.64 < 0.01 0.30 0.03 0.01 10.08 0.003 98.66 29.91.29

72.84 0.02 17.44 0.25556279 1.73 0.99 < 0.01 0.21 0.02 0.01 4.28 < 0.003 98.74 12.20.98

58.00 0.01 28.50 0.47556280 3.01 1.72 < 0.01 0.33 0.07 0.01 5.87 < 0.003 98.72 19.90.76

45.33 0.05 40.33 0.42556281 4.34 2.03 < 0.01 1.28 0.03 0.01 2.39 < 0.003 98.84 28.22.64

53.85 0.03 30.65 0.68556282 3.72 2.62 < 0.01 0.41 0.06 0.01 5.41 < 0.003 99.29 21.41.88

56.25 0.04 28.15 0.64556283 3.75 3.10 < 0.01 0.34 0.06 0.01 5.44 0.003 99.63 19.71.86

53.61 0.05 28.63 0.76556284 3.87 3.59 0.04 0.67 0.06 < 0.01 5.07 < 0.003 99.03 20.02.68

51.49 0.05 32.08 0.63556285 3.27 2.79 1.11 0.94 0.06 < 0.01 3.29 < 0.003 99.39 22.43.69

41.97 0.06 32.44 0.96556286 4.22 5.36 1.62 1.15 0.06 < 0.01 6.73 0.003 99.22 22.74.65

57.37 0.04 26.45 0.85556287 3.06 4.75 0.87 0.43 0.05 < 0.01 3.71 0.004 99.92 18.52.34

56.60 0.04 29.34 0.77556288 2.75 3.33 0.42 0.57 0.06 0.01 3.29 0.004 99.52 20.52.33

47.77 0.06 36.16 0.71556289 3.53 2.77 0.81 0.91 0.07 < 0.01 2.51 0.004 98.95 25.33.64

58.60 0.04 29.92 0.58556290 2.46 2.21 0.42 0.42 0.06 < 0.01 2.15 < 0.003 98.68 20.91.82

38.38 0.05 43.28 0.87556291 4.69 2.76 0.73 1.13 0.07 0.01 3.44 < 0.003 98.89 30.33.47

50.63 0.02 38.91 0.47556292 2.29 2.09 0.09 0.37 0.06 0.01 2.25 < 0.003 98.67 27.21.47

68.80 0.01 25.46 0.22556293 0.95 1.21 0.03 0.13 0.04 < 0.01 1.35 < 0.003 98.79 17.80.59

40.53 0.03 46.23 0.67556294 2.85 2.87 0.29 0.47 0.06 0.01 3.42 < 0.003 99.39 32.31.96

41.02 0.02 36.48 0.95556295 2.95 7.38 < 0.01 0.55 0.05 0.01 8.36 < 0.003 99.43 25.51.66

48.01 0.02 37.86 0.92556296 2.85 2.93 0.04 0.68 0.06 0.01 3.69 < 0.003 98.68 26.51.61

44.74 0.02 42.66 1.25556297 2.08 2.84 0.01 0.42 0.07 < 0.01 3.74 0.003 99.08 29.81.25

60.16 0.02 30.47 0.97556298 1.52 1.82 0.04 0.33 0.05 < 0.01 2.74 0.004 99.36 21.31.24

54.44 0.05 32.56 2.09556299 2.59 1.96 0.05 0.54 0.08 0.01 2.53 0.008 99.64 22.82.73

Page 2 of 6




45.81 0.06 36.25 2.32556300 2.54 3.63 0.02 0.57 0.08 0.01 4.99 0.003 99.30 25.33.02

32.89 0.26 46.88 1.96556301 2.39 2.75 0.40 1.14 0.16 0.01 4.20 0.011 98.62 32.85.57

21.90 1.07 58.50 0.50556302 1.66 1.53 1.85 2.35 0.42 0.01 0.19 0.038 98.52 40.98.50

21.76 0.58 66.48 0.15556303 1.12 0.79 1.29 1.26 0.47 0.01 -0.82 0.053 98.70 46.55.55

41.28 3.94 9.05 0.37556304 0.84 0.18 0.91 8.46 0.12 0.01 3.90 0.064 98.74 6.3329.62

34.26 3.74 21.03 0.31556305 0.63 0.66 0.55 7.32 0.48 0.01 3.40 0.087 98.95 14.726.47

28.85 3.35 33.42 0.30556306 1.16 0.53 0.47 5.75 0.21 0.02 2.81 0.145 99.12 23.422.11

29.69 3.92 29.74 0.36556307 1.19 0.84 0.54 5.79 0.51 0.01 3.23 0.092 98.78 20.822.88

29.77 3.91 30.35 0.44556308 1.16 0.38 0.47 6.02 0.25 0.01 2.81 0.071 98.59 21.222.95

31.08 3.48 32.19 0.45556309 0.83 0.29 1.01 5.83 0.17 0.04 2.24 0.085 99.36 22.521.67

16.05 0.41 78.93 0.15556310 0.25 0.28 0.82 0.53 0.06 0.01 -1.83 0.025 98.81 55.23.12

38.26 0.11 55.43 0.47556311 0.14 2.33 0.35 0.06 0.50 0.01 0.09 0.017 98.63 38.80.85

29.85 2.15 50.25 0.89556312 0.93 1.11 4.12 0.97 0.71 0.01 -1.10 0.026 98.85 35.18.95

45.42 2.30 33.28 4.83556313 1.80 2.38 0.61 1.09 0.29 0.02 0.80 0.043 98.55 23.35.69

52.85 0.06 32.08 4.37556314 0.84 3.88 < 0.01 0.01 0.06 0.01 4.30 0.016 98.75 22.40.30

25.52 0.07 53.90 10.68556315 0.51 2.96 < 0.01 0.01 0.06 0.01 4.92 0.011 98.88 37.70.24

32.17 0.58 60.51 1.80556316 0.93 1.05 < 0.01 0.63 0.10 0.02 -0.54 0.012 99.03 42.31.78

25.98 0.27 66.99 1.97556317 0.73 1.55 < 0.01 0.05 0.12 0.01 0.35 0.006 98.74 46.80.74

28.54 0.21 67.78 1.29556318 0.40 0.87 < 0.01 0.02 0.06 0.01 -0.99 0.003 98.58 47.40.40

29.88 0.18 60.43 4.13556319 1.04 1.33 < 0.01 0.03 0.04 0.01 1.34 0.003 98.84 42.30.44

35.72 0.05 50.77 6.15556320 1.12 1.19 < 0.01 0.02 0.03 0.01 3.38 < 0.003 98.74 35.50.33

34.75 0.07 53.26 3.41556321 1.59 2.80 < 0.01 0.01 0.03 0.01 2.66 0.004 98.87 37.20.29

39.50 0.10 49.53 2.13556322 1.06 3.88 < 0.01 0.08 0.03 0.01 2.65 < 0.003 99.22 34.60.27

32.65 0.20 54.45 1.80556323 1.89 4.02 0.63 0.04 0.04 0.02 2.30 0.003 98.54 38.10.50

39.42 0.17 51.11 1.22556324 1.61 3.08 0.25 0.13 0.04 0.01 1.10 0.003 98.67 35.70.51

31.61 0.42 53.66 0.74556325 1.42 5.58 0.62 0.11 0.06 0.02 3.43 0.006 98.61 37.50.94

42.57 0.49 44.16 0.70556326 1.52 4.40 0.24 0.52 0.05 0.02 2.92 0.003 98.69 30.91.08

31.71 0.75 55.34 0.75556327 2.56 2.87 0.05 1.15 0.09 0.04 1.66 0.010 98.54 38.71.56

36.24 0.46 48.38 0.98556328 1.96 4.99 0.28 0.51 0.06 0.03 3.98 0.005 98.84 33.80.97

39.16 0.54 48.83 0.91556329 2.23 3.06 1.02 0.09 0.06 0.02 2.00 0.005 99.00 34.11.07

34.46 0.72 55.29 0.92556330 3.06 1.06 1.71 0.04 0.10 0.03 -0.32 0.011 98.56 38.71.47

33.13 0.84 55.20 1.11556331 4.43 1.46 1.80 0.04 0.11 0.04 -0.49 0.009 99.42 38.61.74

28.28 0.80 62.52 0.63556332 4.07 0.47 0.27 1.03 0.13 0.04 -1.26 0.011 98.64 43.71.66

38.27 1.08 50.32 0.44556333 4.64 0.56 0.17 1.57 0.21 0.04 -0.48 0.016 99.23 35.22.40

50.21 0.73 40.89 0.38556334 3.22 0.75 0.31 0.82 0.16 0.03 -0.12 0.011 99.02 28.61.63

50.09 0.59 43.09 0.28556335 2.87 0.22 0.03 0.97 0.13 0.02 -0.84 0.010 98.93 30.11.49

50.50 1.05 38.97 0.28556336 4.29 0.30 0.07 1.61 0.20 0.04 -0.43 0.016 99.26 27.22.36

43.47 0.89 46.58 0.23556337 3.74 0.52 0.11 1.30 0.17 0.04 -0.47 0.011 98.71 32.62.12

46.51 0.76 44.81 0.17556338 3.44 0.46 0.07 1.33 0.17 0.02 -0.68 0.011 99.05 31.31.98

39.19 1.36 46.26 0.20556339 5.69 0.76 0.03 2.09 0.31 0.04 -0.48 0.017 98.46 32.32.98

38.35 1.09 50.25 0.09556340 4.96 0.33 < 0.01 1.91 0.21 0.03 -0.72 0.013 99.26 35.12.75

40.43 1.08 48.10 0.11556341 4.83 0.55 < 0.01 1.88 0.21 0.04 -0.49 0.014 99.42 33.62.70

43.21 0.96 46.40 0.07556342 4.25 0.54 < 0.01 1.66 0.18 0.04 -0.56 0.012 99.07 32.42.34

44.15 1.18 41.70 0.06556343 4.80 1.10 < 0.01 1.92 0.21 0.07 0.47 0.016 98.46 29.22.81

41.50 1.71 31.87 0.15556344 6.08 6.29 0.04 2.35 0.25 0.08 4.75 0.022 98.67 22.33.58

43.00 1.70 25.80 0.17556345 5.84 9.54 0.08 2.18 0.23 0.08 7.17 0.022 99.30 18.03.49

41.11 1.75 30.60 0.17556346 6.61 7.36 0.04 2.30 0.24 0.08 5.21 0.021 99.13 21.43.64

42.79 1.60 33.76 0.14556347 6.50 5.14 0.10 2.10 0.23 0.07 2.96 0.023 98.80 23.63.38

39.91 1.95 32.04 0.18556348 8.63 6.13 0.21 2.47 0.27 0.08 3.37 0.025 99.39 22.44.13

39.66 2.41 31.25 0.19556349 11.02 4.53 0.13 3.12 0.34 0.10 1.65 0.032 99.44 21.95.01

38.34 2.14 31.38 0.20556350 10.26 6.56 0.20 2.62 0.30 0.09 3.18 0.028 99.73 21.94.44

44.96 1.88 29.75 0.15556351 7.81 5.98 0.26 2.02 0.25 0.08 2.51 0.023 99.63 20.83.95

Page 3 of 6




43.50 1.90 30.96 0.16556352 8.85 5.28 0.30 1.85 0.26 0.08 1.34 0.026 98.82 21.74.31

36.82 2.18 31.52 0.17556353 10.74 7.73 0.37 1.02 0.31 0.10 3.10 0.030 98.83 22.04.74

39.36 2.09 32.32 0.15556354 9.48 6.90 0.37 1.21 0.29 0.09 2.10 0.027 98.89 22.64.50

42.20 1.92 31.22 0.20556355 8.07 6.66 0.34 1.31 0.29 0.08 2.01 0.037 98.51 21.84.17

41.45 1.40 13.99 0.27556356 7.08 11.76 1.83 0.16 3.36 0.04 7.80 0.079 98.45 9.789.22

60.97 0.05 24.83 0.30556357 3.36 3.01 0.06 0.51 0.04 0.01 5.17 0.004 99.70 17.41.39

48.77 0.03 34.40 0.34556358 4.29 3.27 0.12 0.60 0.11 < 0.01 5.75 0.004 99.50 24.11.82

62.83 0.02 21.82 0.30556359 2.81 3.81 0.09 0.36 0.03 0.01 6.21 0.003 99.32 15.31.03

66.57 0.01 24.30 0.30556360 2.48 2.12 0.02 0.22 0.03 0.01 2.89 < 0.003 99.70 17.00.74

52.25 0.03 30.67 0.56556361 4.20 4.08 0.07 0.37 0.06 0.01 5.93 0.003 99.71 21.41.49

52.63 0.06 29.15 0.67556362 3.83 3.44 0.08 1.29 0.06 0.01 5.42 0.003 100.2 20.43.51

58.60 0.05 24.61 0.58556363 3.16 4.21 0.10 0.76 0.04 0.01 6.30 < 0.003 100.2 17.21.81

49.07 0.04 32.02 0.36556364 2.37 4.38 0.10 1.31 0.06 0.01 6.14 < 0.003 99.07 22.43.21

45.40 0.05 29.75 0.67556365 3.38 5.85 0.16 1.63 0.05 0.01 8.21 < 0.003 98.93 20.83.78

51.64 0.04 29.40 0.89556366 2.76 4.65 0.27 1.06 0.05 0.01 6.03 < 0.003 99.30 20.62.50

49.03 0.05 34.04 0.67556367 3.00 2.84 0.44 1.24 0.07 < 0.01 4.73 0.004 99.00 23.82.88

47.00 0.05 35.06 0.67556368 3.40 3.18 0.48 1.37 0.07 0.01 5.11 < 0.003 99.48 24.53.08

55.57 0.04 34.43 0.46556369 1.96 1.39 0.11 1.15 0.06 < 0.01 2.02 0.003 99.47 24.12.28

43.20 0.02 39.23 0.69556370 2.92 4.45 0.01 0.80 0.06 0.01 6.14 0.003 99.05 27.41.51

41.27 0.02 43.31 0.86556371 2.43 4.28 0.13 0.57 0.06 < 0.01 5.39 0.003 99.62 30.31.30

48.55 0.02 35.81 1.01556372 2.00 4.77 0.38 0.17 0.05 < 0.01 6.05 < 0.003 99.55 25.00.74

44.58 0.02 38.90 1.53556373 2.37 4.38 0.07 0.78 0.06 < 0.01 5.66 0.003 100.0 27.21.67

41.19 0.03 45.62 2.16556374 1.98 2.62 0.02 0.76 0.08 < 0.01 3.55 < 0.003 99.94 31.91.94

42.37 0.03 42.73 1.87556375 2.71 3.07 < 0.01 0.74 0.08 0.01 3.21 0.003 99.10 29.92.28

65.94 0.15 12.14 0.22556376 1.97 4.02 0.72 1.56 0.58 0.02 6.14 0.109 99.34 8.495.77

53.29 0.31 11.37 0.23556377 3.03 8.41 < 0.01 1.09 0.62 0.01 17.34 0.085 99.08 7.953.30

45.38 0.02 34.58 0.67556378 4.67 3.77 0.02 0.19 0.09 0.01 8.40 < 0.003 99.22 24.21.42

48.81 0.05 31.85 0.55556379 2.90 3.71 < 0.01 1.61 0.05 < 0.01 6.03 0.003 99.16 22.33.61

42.39 0.07 31.75 0.77556380 3.67 5.49 0.05 1.83 0.05 0.01 9.18 0.005 99.69 22.24.43

44.78 0.07 31.90 0.76556381 3.31 4.73 0.04 1.65 0.05 < 0.01 8.58 0.005 99.98 22.34.11

49.64 0.04 28.70 1.12556382 3.60 4.43 0.08 0.95 0.05 0.01 8.38 < 0.003 99.36 20.12.36

59.52 0.03 27.68 0.53556383 2.50 2.77 0.07 0.71 0.05 0.01 4.40 0.005 100.00 19.41.72

55.99 0.03 22.83 0.33556384 2.37 5.93 0.08 0.62 0.05 < 0.01 8.99 0.005 99.80 16.02.57

45.38 0.07 30.74 0.69556385 3.55 4.81 0.03 1.93 0.06 0.01 8.00 < 0.003 99.69 21.54.42

49.06 0.04 32.41 0.48556386 2.79 3.56 0.13 1.51 0.05 < 0.01 6.41 < 0.003 100.1 22.73.69

46.36 0.04 29.06 0.62556387 3.70 6.22 0.14 0.62 0.07 0.01 10.34 0.003 99.42 20.32.24

55.40 0.05 24.53 0.41556388 2.34 4.74 0.16 0.97 0.06 0.01 7.89 0.004 99.21 17.22.65

48.13 0.06 28.89 0.75556389 3.35 4.46 0.01 1.71 0.05 < 0.01 7.78 < 0.003 99.09 20.23.90

53.11 0.04 28.40 1.07556390 3.16 3.26 0.11 1.14 0.05 0.01 6.29 0.004 99.15 19.92.51

44.89 0.05 37.15 0.68556391 3.57 3.05 0.10 1.51 0.07 0.01 5.07 < 0.003 99.05 26.02.90

52.45 0.04 36.55 0.46556392 2.83 1.57 < 0.01 1.34 0.05 0.01 2.22 < 0.003 99.77 25.62.28

49.46 0.04 37.39 0.86556393 2.77 2.48 < 0.01 0.97 0.06 0.01 3.49 0.003 99.57 26.12.04

39.67 0.02 45.92 0.70556394 2.42 3.61 0.04 0.62 0.06 < 0.01 4.66 < 0.003 99.27 32.11.55

41.62 0.02 42.42 0.98556395 2.42 4.26 0.05 0.24 0.06 0.01 6.68 < 0.003 99.87 29.71.11

52.47 0.02 35.79 0.96556396 2.34 2.10 0.08 0.39 0.04 < 0.01 4.20 < 0.003 99.60 25.01.20

42.50 0.01 42.30 1.36556397 2.07 3.43 0.08 0.34 0.05 0.01 6.77 < 0.003 99.98 29.61.04

45.40 0.02 40.72 1.36556398 1.81 2.52 0.08 0.34 0.07 0.01 5.40 0.004 98.90 28.51.16

43.34 0.01 40.76 2.04556399 2.20 2.90 0.08 0.31 0.07 < 0.01 6.25 < 0.003 98.95 28.50.99

43.91 0.02 47.61 1.34556400 0.77 1.15 0.04 0.18 0.08 0.01 2.90 0.003 98.67 33.30.66

44.27 0.23 47.68 0.58556401 0.89 0.56 0.02 1.22 0.10 0.01 0.66 0.003 98.98 33.32.76

43.03 1.23 36.46 1.30556402 1.39 0.60 0.05 4.00 0.15 0.02 1.17 0.027 99.04 25.59.61

33.82 1.07 40.39 0.49556403 1.15 0.43 2.41 4.29 0.13 0.01 0.81 0.033 98.76 28.213.72

Page 4 of 6




26.22 0.72 44.93 0.53556404 1.21 0.75 0.28 3.80 0.28 0.01 2.94 0.033 98.78 31.417.08

41.46 0.73 34.12 2.46556405 1.38 0.50 0.29 3.79 0.13 0.01 2.50 0.016 98.84 23.911.45

Page 5 of 6


Quality Control

SiO2 TiO2 Al2O3 Fe2O3(T) MnO MgO CaO Na2O K2O P2O5 Cr2O3 LOI V2O5 Total FeAnalyte Symbol% % % % % % % % % % % % % % %Unit Symbol

0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.003 0.01 0.01Detection LimitFUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRFAnalysis Method

34.21 2.49 25.38 0.35MICA-FE Meas 4.68 0.42 0.39 8.71 0.42 0.02 0.019 17.719.52

34.4 2.50 25.6 0.350MICA-FE Cert 4.55 0.430 0.300 8.75 0.450 0.01 0.024 17.93719.5

38.71 2.71 12.92 0.20BE-N Meas 13.29 14.00 3.32 1.37 1.09 0.06 0.043 9.0310.12

38.2 2.61 12.8 0.200BE-N Cert 13.1 13.9 3.18 1.39 1.05 0.0500 0.042 8.9810.1

69.84 0.11 2.51 0.06AC-E Meas 0.07 0.35 6.62 4.47 1.7614.95

70.35 0.11 2.56 0.058AC-E Cert 0.03 0.34 6.54 4.49 1.769 14.70

7.70 2.36 23.52 0.05BX-N Meas 0.16 0.13 < 0.01 0.06 0.1254.40

7.40 2.37 23.17 0.050BX-N Cert 0.11 0.17 0.04 0.05 0.13 54.21

7.85 0.05 85.65 0.98SCH-1 Meas 0.02 < 0.01 0.04 0.12 59.90.96

8.09 0.052 86.84 1.003SCH-1 Cert 0.033 0.026 0.031 0.124 60.730 0.962

30.47 0.03 27.84 0.79556277 Orig 5.48 8.78 < 0.01 0.31 0.03 0.01 24.08 < 0.003 99.36 19.51.56

30.66 0.02 28.00 0.80556277 Split 5.50 8.88 < 0.01 0.31 0.04 < 0.01 24.00 < 0.003 99.66 19.61.49

30.67 0.03 27.99 0.79556277 Orig 5.48 8.83 < 0.01 0.31 0.03 0.01 24.08 < 0.003 99.73 19.61.53

30.26 0.03 27.69 0.79556277 Dup 5.48 8.74 < 0.01 0.30 0.03 0.01 24.08 < 0.003 98.98 19.41.59

44.74 0.02 42.66 1.25556297 Orig 2.08 2.84 0.01 0.42 0.07 < 0.01 3.74 0.003 99.08 29.81.25

45.43 0.02 42.32 1.28556297 Split 2.17 2.92 0.02 0.42 0.06 0.01 3.73 < 0.003 99.68 29.61.30

29.69 3.92 29.74 0.36556307 Orig 1.19 0.84 0.54 5.79 0.51 0.01 3.23 0.092 98.78 20.822.88

30.08 3.97 29.64 0.36556307 Split 1.20 0.87 0.53 5.87 0.53 0.01 3.18 0.090 99.39 20.723.06

29.51 3.90 30.08 0.36556307 Orig 1.17 0.84 0.53 5.72 0.51 0.01 3.23 0.092 98.65 21.022.70

29.87 3.94 29.41 0.35556307 Dup 1.20 0.84 0.55 5.85 0.51 0.01 3.23 0.091 98.91 20.623.05

43.47 0.89 46.58 0.23556337 Orig 3.74 0.52 0.11 1.30 0.17 0.04 -0.47 0.011 98.71 32.62.12

43.87 0.92 47.23 0.24556337 Split 3.85 0.53 0.12 1.34 0.17 0.04 -0.57 0.013 99.79 33.02.03

43.52 0.90 46.62 0.23556337 Orig 3.77 0.53 0.12 1.32 0.17 0.04 -0.47 0.011 98.86 32.62.10

43.41 0.88 46.54 0.23556337 Dup 3.72 0.51 0.11 1.28 0.17 0.04 -0.47 0.011 98.56 32.52.13

42.79 1.60 33.76 0.14556347 Orig 6.50 5.14 0.10 2.10 0.23 0.07 2.96 0.023 98.80 23.63.38

42.91 1.62 33.37 0.14556347 Split 6.56 5.04 0.12 2.13 0.23 0.07 2.90 0.021 98.72 23.33.61

49.03 0.05 34.04 0.67556367 Orig 3.00 2.84 0.44 1.24 0.07 < 0.01 4.73 0.004 99.00 23.82.88

49.08 0.05 34.12 0.67556367 Split 2.98 2.83 0.44 1.26 0.07 0.02 4.64 0.004 99.07 23.92.91

49.11 0.05 33.97 0.66556367 Orig 3.00 2.81 0.45 1.24 0.07 < 0.01 4.73 0.003 99.01 23.82.92

48.96 0.05 34.12 0.67556367 Dup 3.00 2.87 0.43 1.24 0.07 < 0.01 4.73 0.004 98.98 23.92.84

42.50 0.01 42.30 1.36556397 Orig 2.07 3.43 0.08 0.34 0.05 0.01 6.77 < 0.003 99.98 29.61.04

42.65 0.01 40.96 1.32556397 Split 2.05 3.26 0.08 0.34 0.06 0.01 6.61 < 0.003 98.56 28.61.20

42.42 0.01 42.31 1.36556397 Orig 2.07 3.42 0.08 0.34 0.06 0.01 6.77 < 0.003 99.91 29.61.05

42.58 0.02 42.29 1.37556397 Dup 2.07 3.45 0.07 0.33 0.05 0.01 6.77 < 0.003 100.1 29.61.04

41.46 0.73 34.12 2.46556405 Orig 1.38 0.50 0.29 3.79 0.13 0.01 2.50 0.016 98.84 23.911.45

41.37 0.72 33.93 2.46556405 Split 1.39 0.51 0.29 3.79 0.12 0.02 2.29 0.018 98.53 23.711.62

< 0.01 < 0.01 < 0.01 < 0.01Method Blank < 0.01 < 0.01 < 0.01 < 0.01 < 0.01 < 0.01 < 0.003< 0.01

Page 6 of 6


APPENDIX D

LOCATION MAP/ASSAYS/ROCK DESCRIPTIONS

19307M



Invoice No.:

Invoice Date:

Date Submitted:

Your Reference:

29-Jun-12

11-Jun-12

A12-06309



Golden Dory Resources Tim FroudeATTN:






CERTIFIED BY :

REPORT A12-06309

Notes:

3 Rock samples were submitted for analysis.

Code 1C-Exp Fire Assay-ICP/MSCode 1D INAA(INAAGEO)Code 8-AR Code 8-Assays

For values exceeding the upper limits we recommend assays.We recommend reanalysis by fire assay Au, Pt, Pd Code 8 if values exceed upper limit.

Quality Control


Activation Laboratories Ltd. Report: A12-06309Pd Pt Au Au Ag As Ba Br Ca Co Cr Cs Fe Hf Hg Ir Mo Na Ni Rb Sb Sc Se SnAnalyte Symbol

ppb ppb ppb ppb ppm ppm ppm ppm % ppm ppm ppm % ppm ppm ppb ppm % ppm ppm ppm ppm ppm %Unit Symbol1 1 2 5 5 2 100 1 1 5 10 2 0.02 1 1 5 5 0.05 50 30 0.2 0.1 5 0.05Detection Limit

FA-MS FA-MS FA-MS INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAAAnalysis Method

3 2 11 < 5GW-1 < 2 700 < 1 < 1 58 440 < 2 10.0 13 < 1 < 5 < 5 0.94 < 50 < 30 < 0.2 32.5 < 5 < 0.05< 2

4 3 < 5 < 5GW-2 < 2 < 100 < 1 8 66 260 < 2 10.5 13 < 1 < 5 < 5 1.07 < 50 < 30 < 0.2 35.3 < 5 < 0.05< 2

< 1 < 1 < 5 < 5GW-3 < 2 < 100 < 1 23 < 5 < 10 < 2 1.66 1 < 1 < 5 < 5 0.09 < 50 < 30 < 0.2 1.1 < 5 < 0.05< 2

Page 2 of 5

Activation Laboratories Ltd. Report: A12-06309Sr Ta Th U W Zn La Ce Nd Sm Eu Tb Yb Lu Mass Cu NiAnalyte Symbol% ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm g % %Unit Symbol

0.1 1 0.5 0.5 4 50 1 3 5 0.1 0.2 0.5 0.2 0.05 0.001 0.003Detection LimitINAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA ICP-OES ICP-OESAnalysis Method

< 0.1 5 4.1 < 4GW-1 270 78 158 45 13.0 4.8 3.3 2.7 0.52 32.5 0.014 0.0187.9

< 0.1 < 1 < 0.5 < 4GW-2 < 50 56 121 48 12.0 3.2 < 0.5 2.7 0.43 30.8 0.040 0.0165.7

< 0.1 < 1 1.8 < 4GW-3 < 50 6 10 < 5 0.7 < 0.2 < 0.5 0.4 0.08 29.9 0.011 < 0.0031.6

Page 3 of 5


Quality Control

Pd Pt Au Au Ag As Ba Br Ca Co Cr Cs Fe Hf Hg Ir Mo Na Ni Rb Sb Sc Se SnAnalyte Symbolppb ppb ppb ppb ppm ppm ppm ppm % ppm ppm ppm % ppm ppm ppb ppm % ppm ppm ppm ppm ppm %Unit Symbol

1 1 2 5 5 2 100 1 1 5 10 2 0.02 1 1 5 5 0.05 50 30 0.2 0.1 5 0.05Detection LimitFA-MS FA-MS FA-MS INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAAAnalysis Method

PTC-1a Meas

PTC-1a Cert

2620 764CDN-PGMS-9 Meas 1060

2600 710CDN-PGMS-9 Cert 1040

OREAS 14P Meas

OREAS 14P Cert

MP-1b Meas

MP-1b Cert

OREAS 13b (4-Acid) Meas

OREAS 13b (4-Acid) Cert

CCu-1d Meas

CCu-1d Cert

CPB-2 Meas

CPB-2 Cert

CZN-4 Meas

CZN-4 Cert

1760DMMAS 113 Meas 1490 1400 35 80 3.12 1.90 6.9

1665DMMAS 113 Cert 1468 1519 36 75 2.86 1.82 5.8

< 1 < 1GW-3 Orig < 2

< 1 < 1GW-3 Dup < 2

Method Blank

< 5 < 5Method Blank < 2 < 100 < 1 < 1 < 5 < 10 < 2 < 0.02 < 1 < 1 < 5 < 5 < 0.05 < 50 < 30 < 0.2 < 0.1 < 5 < 0.05

< 1 < 1Method Blank < 2

Page 4 of 5


Quality Control

Sr Ta Th U W Zn La Ce Nd Sm Eu Tb Yb Lu Mass Cu NiAnalyte Symbol% ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm g % %Unit Symbol

0.1 1 0.5 0.5 4 50 1 3 5 0.1 0.2 0.5 0.2 0.05 0.001 0.003Detection LimitINAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA INAA ICP-OES ICP-OESAnalysis Method

PTC-1a Meas 13.5 10.0

PTC-1a Cert 13.51 10.03

CDN-PGMS-9 Meas

CDN-PGMS-9 Cert

OREAS 14P Meas 0.951 2.17

OREAS 14P Cert 0.997 2.10

MP-1b Meas 3.01

MP-1b Cert 3.069

OREAS 13b (4-Acid) Meas

0.231 0.228

OREAS 13b (4-Acid) Cert

0.230 0

CCu-1d Meas 23.9

CCu-1d Cert 23.93

CPB-2 Meas 0.165

CPB-2 Cert 0.1213

CZN-4 Meas 0.403

CZN-4 Cert 0.403

13.9DMMAS 113 Meas 17 27 2.1

15.6DMMAS 113 Cert 14.5 24 2.2

GW-3 Orig

GW-3 Dup

Method Blank < 0.001 < 0.003

< 0.1 < 1 < 0.5 < 4Method Blank < 50 < 1 < 3 < 5 < 0.1 < 0.2 < 0.5 < 0.2 < 0.05 30.0< 0.5

Method Blank

Page 5 of 5

Licence 19307M (Iron Horse West)

Sample Type UTM E UTM N

GW-1 O/C 314216 5944266 Mafic Breccia - clasts of fg greenish volcanic to 10 cm diam. - magnetic, 2-3% po/py.

GW-2 O/C 314710 5944280 Brown rusty mafic/ultramafic. Fine grained, chloritic with 2-3% py/po.

GW-3 O/C 314715 5944285 Brown rusty mafic/ultramafic. Fine grained, chloritic with 2-3% py/po.

GW-2GW-2

GW-1 GW-3

GOLDEN DORY / METALS CREEK

Rock Samples 2012

Drawn: MapVisionScale: 1:20,000

FigureDate: Nov 2012DATUM NAD27

NTS: 13H12

Licence 19307M

-400

Meters

0 400 800


APPENDIX E

HISTORIC RESOURCES ASSESSMENT

GERALD PENNEY ASSOCIATES

Historic Resources Overview Assessment, Golden Dory Resources/Gabbro Lake Property

Course of the Ossokmanuan Esker through the project area

(overlaid on NTS 23 H/11).

Submitted to Provincial Archaeology Office

Department of Tourism, Culture and Recreation St. John’s, NL, A1B 4J6

& Tim Froude, P. Geo.

V.P. Exploration Golden Dory Resources 4 Carr Crescent

Gander, NL A1V 2E3

Submitted by Gerald Penney Associates Limited

P.O. Box 428, St. John’s, NL A1C 5K4

22 May 2012

Gabbro Lake/Golden Dory HROA Gerald Penney Associates Ltd., 2012

1

CONTENTS Letter of Transmittal ................................................................................................ 2 Executive summary .................................................................................................. 3 Participants ............................................................................................................... 3 Introduction .............................................................................................................. 4 Study area/natural features ....................................................................................... 5 Previous archaeology ............................................................................................... 7 Historic context ...................................................................................................... 10 Discussion/Recommendations ............................................................................... 12 Sources ................................................................................................................... 13 Appendix A – Ossokmanuan Esker ....................................................................... 15 Appendix B – Archaeological sites in Central Labrador ....................................... 16 Appendix C – Diamond Drill Head Locations, Gabbro Lake property…………..17


2

Letter of Transmittal

22 May 2012 Tim Froude, P. Geo. V.P. – Exploration Golden Dory Resources 4 Carr Crescent Gander, NL A1V 2E3 Dear Tim, Enclosed please find our desk-based Assessment of Golden Dory Resources’ proposed 2012 mineral exploration activities for the Gabbro Lake property, including mineral exploration permits 013463/017683/017690/018882M and invoice. Thank you. Sincerely,

Gerald Penney President /encls

104-40 Quidi Vidi Road · St. John’s · NL · A1A 1C1 T 709.739.7227 · E [email protected] · W geraldpenneyassociates.com


3

Executive summary

Gerald Penney Associates Limited (hereinafter GPA) has conducted a desk-based

Historic Resources Overview Assessment of proposed 2012 mineral exploration activities

for the Metals Creek Resources’/Golden Dory Resources’ “Gabbro Lake property” in

west-central Labrador.

While expectations for interior sites in this part of Labrador are generally quite limited,

the study area straddles a feature with identified archaeological potential, the

Ossokmanuan Esker. Four of nine diamond drill head locations, all located in mineral

license 013463M, are within 500 m of this esker (Appendix C). In addition, a fuel cache

located in license 017690M is located within 500 m of the Brinco Road esker.

Participants Gerald Penney, M.A. principal investigator Blair Temple, M.A. field archaeologist; report preparation Toby Simpson, B.A. drafting/digital mapping Robert Cuff, M.A. historical research; report preparation

Sample field photo from Trinity Bay, Newfoundland (GPA photo). © Gerald Penney Associates Limited, 2012.


4

Introduction

GPA was contracted in May 2012 by Golden Dory Resources to conduct a desk-based

Historic Resources Overview Assessment of projected mineral exploration activities in

central/western Labrador, west of the Ossokmanuan Reservoir – including mineral

exploration permits 013463/017683/017690/018882M – hereinafter referred to as the

Gabbro Lake property. Exploration activities include airborne geophysics, prospecting,

fuel caches and nine diamond drill heads.

The principal of GPA, Gerald Penney, a consulting archaeologist of more than 25 years’

experience, is a specialist in the prehistoric and aboriginal cultures of Newfoundland and

Labrador. He has conducted archaeological research activities in northern Labrador, for

both the Labrador Inuit Development Corporation and the Innu Nation and has

investigated drill sites and base camp sites for more than 30 proponent mineral

exploration companies.

In granting exploration approval, the Department of Natural Resources specified a

number of conditions including [as condition #12] The Provincial Archaeology Office (PAO) has reviewed the proposed mineral exploration activities and requires an historic resources overview assessment (desk-top exercise) of the entire project area to be carried out. Very little archaeological work has been undertaken in this part of Labrador, therefor little is known of the archaeological potential. Once the desktop exercise is completed the PAO will use it as a basis to determine whether further archaeological work will be required. The Proponent is responsible for having the assessment carried out (Andrews 2012).

Research was conducted in the holdings of GPA, Centre for Newfoundland Studies,

Queen Elizabeth II Map Library, Provincial Archives of Newfoundland and Labrador,

and in consultation with the PAO. Relevant topographic data (maps, charts, etc.) and the

cartographic and ethnographic history of west-central Labrador were also examined.


5

Study area/natural features

The study area is located is west-central Labrador, west1 of the Ossokmanuan Reservoir,

a body of water which incorporates/floods the former Ossokmanuan Lake to supply a

hydroelectric generating station at the town of Churchill Falls, approximately 100 km

ESE of the present project area. The nearest transportation infrastructure is the “Brinco

Road” between Churchill Falls and the Quebec, North Shore and Labrador Railway at

Esker. The Gabbro Lake Control Structure and Gabbro Lodge (an outfitting

establishment) on the Brinco Road are approximately 12 km NE of the study area. The

Trans-Labrador Highway between Labrador City and Churchill Falls is approximately 30

km south of the study area.

While the present-day transportation corridors of the Brinco Road and Trans-Labrador

Highway run east-to-west over land, historic aboriginal use prior to the 1960s primarily

made use of water-borne transportation. Accordingly, virtually all central Labrador

archaeological sites investigated to date are located immediately proximate to water

features. GPA has provisionally classified pre-contact natural advantage in the central

Labrador interior as being based on three water “corridors”:

The Churchill River was clearly the primary transportation corridor between Hamilton

Inlet/Lake Melville and the Labrador plateau and height-of-land. While early pre-contact

interior sites are rare, there are two Maritime Archaic sites on the river, as well as one

Palaeo-eskimo site. There are numerous Intermediate Indian sites on the Churchill, as

well as handful of Recent Indian sites and European/settler sites.

The water corridor which has most bearing on the present study area we classify as the

Atikonak-Ossokmanuan corridor, comprising a route between the St. Lawrence River 500

km north to the barren grounds/Georges River caribou herds at Indian House Lake (in

present-day Quebec). From south-to-north the major bodies of water traversed by this

hypothetical corridor include the Atikonak Lakes and River, Ossokmanuan Lake,

Sandgirt Lake and Lobstick Lake – then east to Lake Michikamau and north to the

1 Mineral License 013463M is about 6 km west of the western shoreline of the reservoir.


6

George River watershed. Obviously, this is the corridor most affected by the flooding for

Smallwood Reservoir, so much so that it is probably now impossible to develop a full

picture of the extent of pre-contact (and historic Innu) use of the central Labrador plateau.

While there are presently 10 historic Innu and/or settler sites known in the vicinity of

Atikonak Lake, Atikonak River and Ossokmanuan Lake, there are no known pre-contact

sites. There are four known pre-contact sites farther north, at Sandgirt Lake and

Michikamau.

The Ashaunapi-Menihek water corridor more-or-less parallels the Quebec-North Shore

and Labrador Railway, about 70 km west of the present study area. There are still a

relatively small number (ten or so) known pre-contact sites in this area of western

Labrador. One particular site, Ferguson Bay 1, a multi-component pre-contact Indian site

on the northwestern shore of Ashuanipi Lake, probably represents the most promising

type of site that can be anticipated in west-central Labrador (Brake 2007).

Current National Topographic Service map sheets for Labrador include very few names

of interior features. Partly as a result geologists and archaeologists often adopt field

names for features in order to make an unfamiliar landscape manageable. This has

resulted in a degree of confusion that hinders mineral exploration companies in their

efforts to secure local knowledge of a remote area. Further, the imposition of new names

by Brinco and BRINEX in the 1960s and 1970s has been identified as a major source of

local resentment of mineral exploration in northern Labrador (Brice-Bennett 1977:234).

GPA gathers information concerning historic place names in the course of ethnographic

enquiry. While Chapter 16 of the Labrador Inuit Land Claims Agreement (2004) grants

the Nunatsiavut Government authority over selection, standardization, pronunciation, and

changing of place names with respect to Labrador Inuit lands and Inuit Communities

there is no similar protocol in place respecting central-western Labrador pending Innu

land claims. By preference, GPA employs local toponymy, as providing the greatest detail, and also

significant cultural information as to historic land use. Where a local place name differs

from the National Topographic Service place name, the later will follow, enclosed in


7

square brackets ie: Pomialuk Brook [NTS Pamiulik River]. Geological field names will

be enclosed single quotes and parentheses following the historic name ie: Warren Lake

(‘Moran Lake’).

For the current study we have assigned provisional field names to various features in the

present study area for ease of reference (see Appendix A):

- ‘Island Pond’ which drains into the Ossokmanuan Resevoir via ‘Island Pond Brook;’

- ‘Big Pond’ to the south and east of Island Pond, which drains into the Ossokmanuan Reservoir via ‘Big Pond Brook;’ and

- ‘Ossokmanuan Esker’ for a lengthy esker through the present study area, which continues to the southeast and across the Ossokmanuan Reservoir (+70 km long). The section of this esker which bisects mineral license 013463 is part of a near-continuous length of esker stretching from McKay Lake 20 km southeast to the Ossokmanuan Reservoir.

Previous archaeology

As indicated, very limited archaeological research has been conducted in the immediate

vicinity of the proposed exploration activities. Only three archaeological sites, and one

ethnographic site, have been identified within a 30 km radius. In 1967-68, Donald

MacLeod of the National Museum of Man (currently the Canadian Museum of

Civilization), survey the impending flood area for the Smallwood Reservoir (MacLeod

1967; 1968). Poorly equipped and organized, and beset with weather problems, he

identified three sites at Sandgrit Lake (FiDh-01, 02 and 03). Each contained lithics, and

are identified as “pre-contact” and “Innu” (PAO Site Record Forms). A recent Innu sweat

ledge was identified in 2006 along the Brinco Road, c. 15 km north of the project area.

The only archaeological investigation of the Michikamau Lake area prior to the flooding

for the Smallwood reservoir (complete in 1971) was the survey by MacLeod. MacLeod

was able to identify additional sites, classified as pre-contact Indian and historic (Innu)

components.

The larger surrounding area of western Labrador has been examined in places, although

both effort and results have been limited in comparison with coastal Labrador. Generally,

it may be stated that of the three pre-contact human corridors in central-western


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Labrador, evidence is most limited respecting the Atikonak-Ossokmanuan corridor (see

Appendix B).

Western Labrador and particularly its Ashuanapi-Menihek corridor was examined in

1986 by MacCaffery (1989). Again, pre-contact and historic Innu sites were identified, as

well as evidence of Fort Nascopie, a Hudson Bay Company post on Petitsikapau Lake

dating to 1838-1870.

In 1995, a team of archaeologists, an anthropologist and members of the Innu Nation,

surveyed the current extent of the flooded Smallwood reservoir, in order to determine the

extent of destruction to known and likely Innu sites (Loring et al 2003). Additional sites

were recorded – due largely to the low water-level – but the but the impact of the

flooding could not be conclusively commented on, only to say that certain previously

existing sites had clearly been destroyed, and erosion was occurring in places (Ibid:66-

67).

No focused archaeological investigations of eskers have been conducted in Labrador. In

1985 GPA tested a series of intersection eskers as part of a Churchill Falls road

construction project, though no historic resources were identified (GPA 1986:69).

MacCaffey, during her investigations of the Ashuanipi-Menihek corridor, examined some

eskers, but found no pre-contact material, just recent activity probably associated with

geological or mineral exploration (Ibid:82). In one case, a promising area known as Esker

Point was found to have been destroyed by the construction of a landing strip (Ibid: 85).

Innu usage of eskers as lookouts and caps has also been identified near Seal Lake,

Labrador (MacCaffery et al 1986:129). Additionally, one of the sites identified in the late

1960s by MacLeod, at Sandgrit Lake, was on an island which was part of a lengthy esker.

Nonetheless, the role and use of eskers by pre-contact and historic-era peoples is known

and their potential for archaeological site location is documented (Traynor 2001; Tubridy

and Meehan 2006:78). An esker can be considered an example of an “ecological edge”

(cf. Epp 1984). It is noted that the edges of ecozones – both large and small – have


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provided attractive habitat for humans due the concentrations of animal life and distinct

flora (Turner et al 2003). Due to the sometimes stark natural difference between an esker

and the surrounding landscape – i.e. tree cover, moisture, etc. – their use by humans in

not surprising. They often run through extensive areas of marsh, bog or other features

difficult to traverse, thus providing a dry course through large areas. Likewise, fauna of

all sizes would use eskers for the same purpose. For example, Inuit note “that inland, the

best places for finding foxes are along eskers, which are numerous throughout the area

from the watershed of the Kogaluk River to the watershed of the Fraser River"

(Williamson 1997:28). It has also been noted that sparse floral growth and dry conditions,

relative to the surrounding landscape, often results in fewer flies, providing another

appealing attribute, for both humans and wildlife.

Eskers are a source of archaeological potential in Labrador. “The archaeological potential

of eskers associated with highways is usually low because they have been extensively

used as sources of borrow materials. However, eskers which have not been disturbed

retain some potential because of their importance for traditional and prehistoric travel,

shelter, aspect, and resource exploitation” (Lebreche and Skanes 1997). Given the sparse

archaeological record, the Ossokmanuan Esker where it runs through the project area has

identifiable archaeological potential, which may indicate investigation prior to

exploration activities. Roughly parallel to the Ossokmanuan Esker, 13-15 km to the north,

the ‘Brinco Road Esker’ along the north side of Ossokmanuan Reservoir has been much

more disturbed by construction.

Rough indication of the distribution of historic/European sites in central Labrador (PAO).


10

The PAO has identified 1960 as the “cut-off date” for an archaeological site in northern

Labrador, with contemporary cultural use indicating designation as ethnographic sites

(Minaskuat 2008:2.2-3). Some mineral exploration was occurring in the Ossokmanuan

area from the mid-1950s. However, given that the most promising prospects were likely

re-visited several times over two decades, it is unlikely that evidence of mineral

exploration 1958-60 survives and/or is capable of refined enough analysis to date to this

precise period. Otherwise, neither the location of known archaeological sites in central

Labrador, previous archaeological surveys, nor ethnographic background research is

suggestive of historic resources of great antiquity at inland locations.

Historic context

The Quebec/Labrador border is an area known to have been frequented by the Innu and

their pre-contact ancestors, as demonstrated through the archaeological and ethnographic

record. However there is as yet no firm evidence as to pre-contact or historic use of the

Big Pond/Island Pond area.

In terms of Euro-Canadian activity, the district referred to in this Province as “Labrador

West” was first explored by Canadian geologist A.P. Low in 1894. A major body of iron

ore, discovered in 1936, was explored after World War II, with a view to imminent

mineral production following the results of an aeromagnetic survey in 1955. The Carol

Lake project (Labrador City) began production in 1958, and pilot production began at

Wabush in 1960.

Construction of the Churchill Falls Hydroelectric Project began in 1967 and was

completed in 1971. The creation of the Smallwood Reservoir resulted in the flooding of

Michikamau, Michikamats, Lobstick, and Ossokamanuan lakes, along with other attached

and nearby smaller lakes and ponds. (Portions of Ossokamanuan Lake had previously

been dammed to form the Ossokamanuan Reservoir for the Twin Falls station, completed

in 1963). At maximum water level, the reservoir covers an estimated 6645 km². Eighty

eight dykes were built along the perimeter in order to impound the water. The total


11

amount of land flooded was 3676 km² (Loring et al 2003:54 & 68). The rerouting of the

water resulted in the Grand (or Churchill) Falls being reduced to a trickle.

The impact of flooding on the Innu was considerable. Some material goods such as tents,

camps, and canoes were lost. Two, possibly three, burial grounds were flooded as well

(Ibid:54). Recent attempts to locate known sites have suggested that in addition to the

initial flooding, the fluctuation in water level of the decades has caused shoreline damage,

which affects expectations as to the survival of sites on the Ossokmanuan Reservoir,

proximate to the study area – as the places where the esker crosses the reservoir might be

considered good archaeological prospects otherwise (Ibid:67).


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Discussion/Recommendations

It is a reasonable expectation that the PAO will request either mitigation/avoidance or on-

site archaeological impact assessment of the four drill collars proposed within 500 m of

the Ossokmanuan Esker in mineral license 013463M, “vicinity of Island Pond.” If

reassessment of these placements is impractical at this time, perhaps the impact

assessment could be extended from the actual drill collar sites to approximately 2 km of

the esker as it traverses mineral license 013463M southeast of Island Pond. This strategy

is particularly indicated were there any plans in place which would involve using the

esker as a source of borrow materials, as a helicopter landing and/or as a convenient

corridor of ground transport within the mineral exploration area. Because of previous

disturbance of the Brinco Road Esker, the proposed fuel cache is a lesser concern, but

could presumably be assessed at minimal incremental cost.


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Sources Andrews, Kenneth M. 2012 Letter to Wayne Reid, dated 2 Apr 2012. Brake, Jamie 2007 Ashuanipi Kupitan: Excavation at the Ferguson Bay 1 Site in Western Labrador.

MA thesis, Department of Anthropology, Memorial University, St. John’s. Brice-Bennett, Carol (ed.) 1977 Our Footprints are Everywhere: Inuit Land Use and Occupancy in Labrador.

Labrador Inuit Association, Nain. Epp, Henry T. 1984 Ecological Edges and Archaeological Site Location in Saskatchewan, Canada.

North American Archaeologist 5(4):1984. Fitzhugh, Lynne D, 1999 The Labradorians: Voices from the Land of Cain. Breakwater Books, St. John’s. Fitzhugh, William 1977 “Prehistory and History,” in Brice-Bennett (1977) - Our Footprints Are

Everywhere. Gerald Penney Associates Limited 1985 Results of Four Historic Resources Assessments in Newfoundland and Labrador,

1985. In Archaeology in Newfoundland and Labrador 1985, edited by Jane Sproull Thomson and Callum Thomson, pp. 66-80. Annual Report No.6. Newfoundland Museum, St. John’s.

Government of Canada 2004 Labrador Inuit Land Claims Agreement. Department of Indian Affairs and Northern Development, Ottawa. Labreche, Yves and Roy Skanes 1997 Stage 1 Historic Resources Overview Assessment of Wilson Lake Road Re-

alignment and Evaluation of Trans Labrador Highway Upgrading. In Archaeology in Newfoundland and Labrador 1997, edited by K. Nelmes. Provincial Archaeology Office, St. John’s. http://www.tcr.gov.nl.ca/tcr/pao/arch_in_nl/arch_in_nl_1997/toc.html

Loring, Stephen, Moira MaCaffrey, Peter Armitage and Daniel Ashini 2003 The Archaeology and Ethnohistory of a Drowned lake: Innu Nation Research

Along the Former Michikamats Lake Shore in Nitassinan (Interior Labrador). Archaeology of Eastern North America 31:45-72.


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Low, Albert P. 1896 Report on Explorations in the Labrador Peninsula along the Eastmain, Koksoak,

Hamilton, Manicouagan and Portions of Other Rivers in 1892-93-94-95. Geological Survey of Canada Annual Report No. 8, Ottawa.

MacLeod, Donald 1967 1967 Field Season Report. A report submitted to Dr. J.V. Wright at what is now

the Canadian Museum of Civilization, Ottawa. Copy at PAO. 1968 1968 Field Trip Report. A report submitted to Dr. J.V. Wright at what is now the

Canadian Museum of Civilization, Ottawa. Copy at PAO. McCaffrey, Moira 1989 Archaeology in Western Labrador. In Archaeology in Newfoundland and

Labrador 1986, edited by Callum Thomson and Jane Sproull Thomson, pp.72-113. Annual Report No.7. Newfoundland Museum, St. John’s.

McCaffrey, Moira, Stephen Loring and William Fitzhugh 1989 An Archaeological Reconnaissance of the Seal Lake Region, Interior Labrador. In

Archaeology in Newfoundland and Labrador 1986, edited by Callum Thomson and Jane Sproull Thomson, pp.114-163. Annual Report No.7. Newfoundland Museum, St. John’s.

Minaskuat Limited Partnership 2008 “Final Report 2007 Stage One Historic Resources Assessment Michelin Project.”

Minaskuat/Jacques Whitford, St. John’s. Traynor, Stephen 2001 “Esker Habitat Characteristics and Traditional Use Study in the Slave Geological

Province. Final Report to the West Kitikmeot/Slave Study”. Government of Northwest Territories, Yellowknife.

Tubridy, Mary and Robert Meehan 2006 “Study to establish the extent, location of eskers and associated habitats in Co.

Westmeath: Phase 2”. Westmeath County Heritage Forum. Mullingar, Ireland. Turner, Nancy J., Iain J. Davidson-Hunt and Michael O'Flaherty 2003 Living on the Edge: Ecological and Cultural Edges as Sources of Diversity for

Social—Ecological Resilience. Human Ecology 31(3):439-461. Williamson, Tony 1997 From Sina to Sikujâluk, our footprint: Mapping Inuit environmental knowledge in

the Nain District of Northern Labrador. Labrador Inuit Association, Nain.

http://www.springerlink.com/content/?Author=Iain+J.+Davidson-Hunt

http://www.springerlink.com/content/?Author=Michael+O%27Flaherty

http://www.springerlink.com/content/gw3044417231v157/

http://www.springerlink.com/content/gw3044417231v157/

0 km 5 km 10 km Appendix AOssokmanuan Esker

GERALD PENNEY ASSOCIATES LIMITED.

Big Pond

Island Pond

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Appendix B – Archaeological sites in Central Labrador

Rough indication of the distribution of Intermediate Indian sites in central Labrador (PAO).

Rough indication of the distribution of Maritime Archaic sites in central Labrador (PAO).

Rough indication of the distribution of Recent Indian sites in central Labrador (PAO).


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Rough indication of the distribution of historic/Innu sites in central Labrador (PAO). Appendix C – Diamond Drill Head Locations, Gabbro Lake property

the iron horse property consists of 371 claim units in...

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