GEOLOGICA GROUPE CONSEIL
(Item 1)
RESSOURCES CONWAY INC.NI 43-101 TECHNICAL REPORT MINE BELLETERRE
PROPERTY GUILLET TOWNSHIP ABITIBI-TEMISCAMINGUE QUEBEC, CANADA (NTS
31 M / 07)
Val-dOr, November 20th, 2009 Amended April 26, 2010 Second
amendment June 08, 2010 Third amendment June 16, 2010
A. J. Beauregard, P. Geol., OGQ, AEMQ, FGAC D. Gaudreault, P.
Eng., Geol., OIQ, AEMQ
SUITE 203 450, 3e AVENUE, C.P. 1891, VAL DOr (QUBEC) CANADA J9P
6C5 Tl. : (819) 825-8643 Fax : 824-4266 [email protected]
http://www.geologica.qc.ca
Geologica Groupe-Conseil Inc.
TABLE OF CONTENT (Item 2)1.0 SUMMARY (ITEM
3)..................................................................................................................................
5 2.0 INTRODUCTION (ITEM
4).........................................................................................................................
9 3.0 RELIANCE ON OTHER EXPERT (ITEM 5)
............................................................................................
11 4.0 PROPERTY DESCRIPTION (ITEM
6).....................................................................................................
12 5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND
PHYSIOGRAPHY (ITEM 7)
.........................................................................................................................................................
14 6.0 HISTORICAL WORKS (ITEM 8)
.............................................................................................................
15 7.0 GEOLOGICAL SETTING (ITEM 9)
.........................................................................................................
17 7.1 REGIONAL
GEOLOGY...............................................................................................................................
17 7.2 LOCAL GEOLOGY
....................................................................................................................................
18 7.2.1
Lithology.........................................................................................................................................
18 7.2.2 Structure
........................................................................................................................................
19 8.0 DEPOSIT TYPE (ITEM 10)
......................................................................................................................
20 9.0 MINERALIZATION (ITEM 11)
.................................................................................................................
21 9.1 TRANSVERSAL VEINS
...............................................................................................................................
21 9.1.1 Vein No. 12
....................................................................................................................................
21 9.1.2 Veins No. 12W and 26
...................................................................................................................
22 9.1.3 Vein No. 2
......................................................................................................................................
22 9.1.4 Vein No. 20
....................................................................................................................................
22 9.1.5 Vein No. 11
....................................................................................................................................
23 9.2 CONCORDANT VEINS
...............................................................................................................................
23 9.2.1 Vein No. 14
....................................................................................................................................
23 9.2.2 Vein No. 16
....................................................................................................................................
24 9.2.3 Vein No. 18
....................................................................................................................................
24 9.2.4 Veins No. 1 and 7
..........................................................................................................................
24 9.2.5 Veins No. 6, 8 and 18
....................................................................................................................
25 9.3 OTHER VEINS
..........................................................................................................................................
25 9.3.1 Veins No. 15 and 30
......................................................................................................................
25 9.3.2 Veins No. 19 and 23
......................................................................................................................
25 9.3.3 Veins No. 5, 28 and 29
..................................................................................................................
25 10.0 EXPLORATION WORKS (ITEM 12)
.....................................................................................................
26 10.1 COMPLETED WORKS
..............................................................................................................................
26 10.2 RESULTS
..............................................................................................................................................
26 10.2.1 Stripping, mapping and channel sampling of Veins No. 12W
and No. 26 ................................... 26 10.2.2
Complementary sampling of the old mining tailing with a hydraulic
auger .................................. 2710.2.2.2 Isocontour of
the 6 metre-level
..............................................................................................................
28 10.2.2.3 Isocontour of the 9 metre-level
..............................................................................................................
28 10.2.2.4 Isocontour of the 12 metre-level
............................................................................................................
28
10.2.3 Compilation and descriptions of mineralized zones
....................................................................
28 10.2.4 Geophysical Surveys
...................................................................................................................
2810.2.4.1 Magnetometric survey
...........................................................................................................................
28 10.2.4.2 VLF survey
............................................................................................................................................
29 10.2.4.3 IP survey
...............................................................................................................................................
29
2NI 43-101 Technical Report on the Mine Belleterre
Property-Amended April 26, 2010 Second amendment June 08, 2010
Third amendment June 14, 2010 - Ressources Conway Inc.
Geologica Groupe-Conseil Inc.
11.0 DIAMOND DRILLING (ITEM 13)
...........................................................................................................
29 11.1 AURIFEROUS VEIN NO. 14
.....................................................................................................................
30 11.2 AURIFEROUS VEIN NO. 16
.....................................................................................................................
32 11.3 OTHER VEINS AND AURIFEROUS STRUCTURES NEAR VEINS NO. 14 AND
NO. 16........................................ 33 12.0 SAMPLING
METHOD AND APPROACH (ITEM 14)
............................................................................
34 13.0 SAMPLE PREPARATION, ANALYSIS AND SECURITY (ITEM 15)
................................................... 35 14.0 DATA
VERIFICATION (ITEM 16)
..........................................................................................................
35 15.0 ADJACENT PROPERTIES (ITEM 17)
..................................................................................................
36 16.0 MINERAL PROCESSING AND METALLURGICAL TESTING (ITEM 18)
........................................... 36 17.0 MINERAL
RESOURCE AND MINERAL RESERVE ESTIMATES (ITEM 19)
...................................... 36 18.0 OTHER RELEVANT DATA
AND INFORMATION (ITEM
20)...............................................................
36 19.0 INTERPRETATION AND CONCLUSIONS (ITEM 21)
..........................................................................
36 20.0 RECOMMENDATIONS (ITEM 22)
........................................................................................................
37 21.0 REFERENCES (ITEM 23)
.....................................................................................................................
40 22.0 DATE AND SIGNATURE PAGE (ITEM 24)
..........................................................................................
43 22.1 CERTIFICATE OF QUALIFICATION (ALAIN-JEAN BEAUREGARD)
..................................................................
44 22.2 CURRICULUM VITAE (ALAIN-JEAN BEAUREGARD)
....................................................................................
45 22.3 CERTIFICATE OF QUALIFICATION (DANIEL GAUDREAULT)
.........................................................................
47 22.4 CURRICULUM VITAE (DANIEL GAUDREAULT)
...........................................................................................
48 23.0 ADDITIONAL REQUIREMENTS FOR TECHNICAL REPORTS ON
DEVELOPMENT PROPERTY AND PRODUCTION PROPERTY (ITEM 25)
................................................................................................
49 LIST OF FIGURES Figure 1: Figure 2: Figure 3: Figure 4: Figure
5: Figure 6: Figure 7: Figure 8: Figure 9: Figure 10: Figure 11:
Figure 12: Figure 13: Figure 14: Figure 15: Figure 16: Figure 17:
General Location Map Detailed Location Map Mining concession Map
Regional Geology Map Local Geology Map Plan view of Former
Underground Mine workings Longitudinal Section of Mine Workings
Adjacent Properties Surface Vein Location 12W Vein Shaft No. 3 Area
Section 100W Augen Hole Location Gold isocontours in tailings (3
meters below surface (Au ppb) Gold isocontours in tailings (6
meters below surface (Au ppb) Gold isocontours in tailings (9
meters below surface (Au ppb) Gold isocontours in tailings (12
meters below surface (Au ppb) Section of Drillholes
B-08-12,-13,-17,-18 Section of Drillholes B-08-01,-02,-14,-15 3NI
43-101 Technical Report on the Mine Belleterre Property-Amended
April 26, 2010 Second amendment June 08, 2010 Third amendment June
14, 2010 - Ressources Conway Inc.
Geologica Groupe-Conseil Inc.
Figure 18: Figure 19: Figure 20:
Section of Drillholes B-08-03,-04,-16 Section of Drillholes
B-08-06,-07,-08 Section of Drillholes B-08-05,-09,-10,-11
LIST OF MAPS IN POCKET Map 1: Map 2: APPENDICES Appendix I:
Appendix II: Appendix III: Appendix IV: Appendix V: Appendix VI:
List of claims Diamond Drill Logs (on DVD in pocket) Laboratory
Assay sheets (on DVD in pocket) Description of Mineralized Zones by
Geo-Logic - in French (on DVD in pocket) Table of IP Anomalies (In
French) Photos of the recent field visit (June 15, 2010) Geological
Compilation, Outcrops and Samples Location map 2008 Diamond
Drillhole Location
4NI 43-101 Technical Report on the Mine Belleterre
Property-Amended April 26, 2010 Second amendment June 08, 2010
Third amendment June 14, 2010 - Ressources Conway Inc.
Geologica Groupe-Conseil Inc.
1.0 SUMMARY (Item 3) At the request of Mr. Laurent Beaudoin,
President of Ressources Conway Inc. (Conway), Geologica
Groupe-Conseil Inc. (Geologica) was given the mandate to update the
NI 43-101 Technical Report on the Mine Belleterre Property, located
in the area of the Town of Belleterre in Temiscamingue, Quebec,
Canada. The property is located approximately 2.5 km from the Town
of Belleterre, in Temiscamingue, Quebec, Canada. The Mine
Belleterre property includes 2 mining concessions (CM 315 and CM
395) totalling 404.71 hectares in Guillet Township. Ressources Mine
Belleterre Inc. is the former owner of exclusive and absolute 100%
interest in the Mine Belleterre Property. The mining titles are in
good standing, priority free, no mortgage and other securities and
another encumbrance except a 2% NSR for Concopper Phosphate inc.
Following an agreement letter between Conway and Ressources Mine
Belleterre, Conway has the possibility to acquire the Mine
Belleterre Property by the sale and the purchase of shares and also
to complete the exploration work for an amount of $500,000
following the Convention deadline. This technical report was
prepared for the Qualifying Transaction (as defined by the Policies
of the TSX Venture Exchange) between Ressources Conway Inc. and
Ressources Mines Belleterre Inc. Access to the property is easy
with National Road #382 crossing it from west to east. Moreover,
two (2) North-South minor roads skirt the eastern and western edges
respectively. In 1930, McIntyre Porcupine Mines made the discovery
of a vein mineralized with pyrite and gold approximately 2 km NE of
the Town of Belleterre. From 1936 to 1959, the Belleterre Mine has
produced 2.18 million metric tons of ore at an average gold grade
of 10.73 g/t Au and 1.37 g/t Ag. Approximately 95% of the
production was extracted from vein No. 12. Later on, from 1983 to
now, several exploration efforts were realized by other companies.
The Belleterre property is located in the Ville-Marie Belleterre
Area of Temiscamingue in the south-central part of the Pontiac
Sub-Province within the Canadian Shield where Archean Supracrustal
rock units belong to the Baby volcano-sedimentary Formation of the
Belleterre Greenstone Belt. This belt of volcano-sedimentary rocks
is separated from the Grenville Front by approximately 10 km of
metasedimentary rocks of the Pontiac group. The Archean rocks are
covered in discordance by Huronian sediments in the western part of
the area and are intruded by several granitic plutons and felsic to
ultramafic dykes.5NI 43-101 Technical Report on the Mine Belleterre
Property-Amended April 26, 2010 Second amendment June 08, 2010
Third amendment June 14, 2010 - Ressources Conway Inc.
Geologica Groupe-Conseil Inc.
On the Belleterre property and in the immediate area, gold was
the only element of economic value to explore for even if several
lamprophyre and gabbro dykes, sills and plugs are present, no
nickel and/or PGE were recognized. Gold occurs in the native form
and/or associated with sulphides within quartz veins and fractures
and/or in a state of substitution. Most of the veins that were
mined are located in the central and NE parts of the property
hosted within intermediate to mafic lavas and intercalated
silicified tuffs. The smoky quartz veins are of the concordant,
transversal and ductile shear types. Up to now, concordant and
transversal type veins were host to most of the auriferous
mineralization and appear to be intimately related with regional
structures and massive intrusive rocks. Several gold occurrences
were found in the nearby area such as the Conway, Paquin, Audrey,
Blondeau veins and the Aubelle deposit. However, the Belleterre
gold deposit was the only one to be mined. At closing in 1959, the
total production of the Belleterre Mine was 2.18 million metric
tons at an average grade of 10.73 g/t Au with approximately 95% the
ore extracted from vein No.12. Since 2003, more than 200 outcrop
areas were identified and GPS located following N-S 100 and 200
metres spaced cut grid lines. Old vein site such as veins No. 5,
12W, 26, 19, 30, 14, 15, 16, 18, 28 and 29 were visited,
prospected, stripped, mapped and sampled. The 2006 autumn field
season permitted the sampling (669 samples) of the old tailings
using a hydraulic auger to sample 5 levels though the tailings
(surface, 3 m, 6 m, 9 m and 12 m levels). Twenty-one (21) samples
were also assayed to verify the acidity (Ph level) of these
tailings. The assay results confirmed that McIntyre mine old mill
was efficient with a high recovery rate and that the old tailings
were not acid generator. In summer 2007, outcrop stripping over
Vein No. 12W was realized followed with washing, mapping and
channel sampling revealing the following assay results: 4.05 g/t Au
over 1.0 metre; 2.02 g/t Au over 1.0 metre; 2.06 g/t Au over 1.0
metre. Recent work clearly show that several gold mineralized
structures remain to be investigated at surface particularly at
proximity and in extension of old known infrastructures and
outcropping auriferous veins but also over recently observed
anomalous structures as well as on veins 5, 15, 19, 28 and 29.
Recent surface exploration work over vein No. 12W and remaining
historical in situ resources of 317,600 metric tons at 3.43 g/t Au
as well as vein No. 14 with 364,600 metric tons at 4.11 g/t Au
confirm that this property has a significant potential for
extending gold mineralized structures and deserves systematic
exploration and definition work in order to adequately evaluate
this potential. In autumn 2008, a total of 4,949 metres distributed
over 18 drill holes was realized on veins No. 14, No.16 and
associated subsidiary conjugate auriferous structures. These6NI
43-101 Technical Report on the Mine Belleterre Property-Amended
April 26, 2010 Second amendment June 08, 2010 Third amendment June
14, 2010 - Ressources Conway Inc.
Geologica Groupe-Conseil Inc.
drill holes have also permitted to recognize other ramifications
and small vein and veinlet networks which are located between veins
Nos. 14 and 16. In autumn 2009, geophysical surveys (Ground
Magnetometric, VLF and I.P.) were completed on some lines (18
kilometres) and IP in some diamond drillholes by Geosig Inc. in
Qubec. The most significant assay results obtained in DDHs on vein
No. 14 gave 8.33 g/t Au over 2.06 metres; 1.13 g/t Au over 8.7
metres; 2.41 g/t Au over 2.01 metres; 4.39 g/t Au over 2.0 metres;
3.84 g/t Au over 0.26 metres; 1.66 g/t Au over 4.0 metres and 3.97
g/t Au over 0.97 metres. The most significant Vein No. 16
intersections revealed 7.08 g/t Au over 1.0 metre; 1.06 g/t Au over
1.1 metres; 1.01 g/t Au over 2.7 metres; 1.25 g/t Au over 1.0
metre; 26.35 g/t Au over 2.61 metres and 1.16 g/t Au over 1.42
metres. Approximately 30 such auriferous structures (veins) were
identified on the property. Vein No. 12, which was the main source
of gold ore during production in the 1950-1960s still has
interesting and significant potential for outlining future
resources near shaft No. 1 near surface, at depth between levels
700 and 1800 feet, to the east between levels 700 and 1100 feet and
sections 2900 and 3200. Veins Nos. 14 and 16 still remain a
priority, they are open in all directions (E-Wdepth). Several other
veins such as 12W, 26, 11, 1, 7 in particular have not been
sufficiently explored and require surface trenching (when
outcropping) and diamond drilling on their extensions. The authors
believe that only part of the mineralized gold resource was mined
and that the property still remains host for several more
favourable targets to explore and define. A two-phase exploration
program will permit to better define the auriferous mineralized
structures of the property. Phases I will consist of surface work
(Prospection, reconnaissance mapping, outcrop stripping, sampling,
diamond drilling on the best targets. Phase II will consist of
complementary stripping and drilling on known mineralized
structures if warranted following results obtained in Phase I. A
total budget of approximately $ 693,843 will be required. PHASE I:
OUTCROP STRIPPING, MAPPING, SAMPLING AND DIAMOND DRILLING
Prospection and reconnaissance mapping with sampling on VLF and IP
anomalies along cut lines 1 geologist and 1 technician (20 days @
$1,000/day) (Including room and board)
$ 20,0007
NI 43-101 Technical Report on the Mine Belleterre
Property-Amended April 26, 2010 Second amendment June 08, 2010
Third amendment June 14, 2010 - Ressources Conway Inc.
Geologica Groupe-Conseil Inc.
Outcrop stripping on surface favourable veins (Veins No.15, 28
et 29) and geophysical anomalies previously prospected 20 days @
$2,000/day
40,000
1 geologist and 1 technician (20 days @ $1,000/day) for mapping
and sampling (Including room and board) 20,000 Assays 250 samples @
40$/sample Diamond drilling (500 metres) on new anomalies and/or
new veins following Previously geophysical surveys, prospection and
mapping: 450 m @ $150/m (all included) Work report with
recommendations Subtotal: Supervision and administration (a 5%):
Contingencies (a10%): Total Phase I: 10,000
67,500 10,000
167,500 8,375 17,968 $ 193,843
PHASE II: COMPLEMENTARY STRIPPING AND DIAMOND DRILLING IF
WARRANTED Complementary outcrop stripping on surface favourable
structures and new veins 20 days @ $2 000/day $ 40,000 2 geologists
and 2 technicians (20 days @ $2,000/day) (Including room and board)
Assays 400 samples @ 40$/sample Diamond drilling (2,000 metres) on
Vein No. 12W and others veins or favorable structures: 2,100 m @
$150/m (all included) Work report with recommendations Subtotal:
Supervision and administration (a 5%): Contingencies (a10%): Total
Phase II: TOTAL PHASES I AND II: 40,000 16,000
315,000 20,000 431,000 22,500 46,500 $ 500,000 $ 693,8438
NI 43-101 Technical Report on the Mine Belleterre
Property-Amended April 26, 2010 Second amendment June 08, 2010
Third amendment June 14, 2010 - Ressources Conway Inc.
Geologica Groupe-Conseil Inc.
2.0 INTRODUCTION (Item 4) At the request of Mr. Laurent
Beaudoin, president of Ressources Conway Inc. (Conway), Geologica
Groupe-Conseil Inc. (Geologica) was given the mandate to update the
NI 43-101 Technical Report on the Mine Belleterre Property, located
in the area of the Town of Belleterre in Temiscamingue, Quebec,
Canada. Following the letter of intention to acquire the Mine
Belleterre Property (Press Release October 22, 2008), this
technical report was prepared for the Qualifying Transaction (as
defined by the Policies of the TSX Venture Exchange) between
Ressources Conway Inc. and Ressources Mines Belleterre Inc. All the
assessment work records (statutory works) registered with the
Ministre des Ressources Naturelles et de la Faune du Qubec (MRNFQ)
were carefully reviewed and consulted. The reports and the
geological maps published by the MRNFQ, recent work, and works
currently in progress were also reviewed. All the available
information available on SEDAR was also carefully reviewed and
consulted. The recent I.P. survey was supervised by the authors and
is described and summarized in Item 12 on section 10.2.4. This
report contains an exhaustive evaluation of all available data, as
well as recommendations for follow-up work designed to access and
increased the auriferous potential of the properties. 2.1 Terms of
ReferenceAbbreviations usedWeight & Mass g kg g/t oz oz/st ppb
ppm st t Grams Kilograms Grams per metric tonne Troy ounces Ounces
per short tonne Parts per billion Parts per million Short ton
Metric tonne Linear & Area Measuresmm m km ha Others
Millimeters Meters Kilometers Hectares Feet Inch
C $
Celsius Degree Canadian Dollars
9NI 43-101 Technical Report on the Mine Belleterre
Property-Amended April 26, 2010 Second amendment June 08, 2010
Third amendment June 14, 2010 - Ressources Conway Inc.
Geologica Groupe-Conseil Inc.
Conversion FactorsWeight 1 oz (troy) = 31.103 g 1 oz (troy)/st =
34.286 g/t 1 pound (lb) = 0.454 kg 1 pound (lb) = 1.215 troy pound
1 short ton = 0.907 t 1g = 0.03215 oz (troy) 1 short ton = 2000
pounds (lb) = 0.907 tonne 1 pound = 16 oz = 0.454 kg = 14.5833 troy
ounces Linear & Area Measures 1 inch = 2.54 cm 1 foot = 0.3048
m 1 mile = 1.6 km 1 ha = 0.01 km2 1 square mile = 640 acres = 259
hectares
2.2
Scope of Work
The scope of work undertaken by Geologica involved an assessment
of the geological and mineral resources aspects of the Mine
Belleterre property in Temiscamingue, Quebec, Canada. 2.3 Basis of
the Technical Report
In summary, this technical report has been based on reports done
by previous owners, given the extensive operating history of the
operations, geological investigations and independent check
assaying. 2.4 Qualifications and Field Involvement of
Consultant
The Geologica Groupe-Conseil independence is ensured by the fact
that it holds no equity in any project and that its ownership rests
solely with its staff. This permits to Geologica to provide its
clients with conflict-free and objective recommendations on crucial
judgment issues. This technical report has been prepared based on a
technical and economic review by Geologica. Neither Geologica nor
any of its employees in the preparation of this report has any
beneficial interest in Ressources Mine Belleterre Inc. and
Ressources Conway Inc. Geologica will be paid a fee for this work
in accordance with normal professional consulting practice. The
following Geologica staff, Alain-Jean Beauregard and Daniel
Gaudreault acting as Qualified Persons under National Instrument
43-101, conducted personal inspections of the Mine Belleterre
property during the years 2002 to 2007. Statements of qualification
for these persons are included in Section 21.0 (Item 23).10NI
43-101 Technical Report on the Mine Belleterre Property-Amended
April 26, 2010 Second amendment June 08, 2010 Third amendment June
14, 2010 - Ressources Conway Inc.
Geologica Groupe-Conseil Inc.
The authors from Geologica Inc. have reviewed and analysed data
provided by Conway, their consultants and previous owners of the
property, and have drawn their own conclusions there from,
augmented by its direct field examination. Geologica has not
carried out any independent exploration work, drilled any holes.
However, the presence of gold in the local rocks is substantiated
by the previous mining history by Conway and others owners and the
numerous prospectors in the area. Geologica has not performed any
estimation of resources and reserves on the properties, but has
spot-checked the estimates performed by the previous owners and
examined the procedures used. While exercising all reasonable
diligence in checking, confirming and testing it, Geologica has
relied upon the data presented by Conway in formulating its
opinion. Geologica has confirmed the various agreements under which
Ressources Mine Belleterre Inc. holds title to the mineral lands
for this project. The description of the properties, and ownership
thereof, as set out in this report, are provided for general
information purposes only. The metallurgical, geological,
mineralization and exploration technique descriptions used in this
report are taken from reports prepared by Conway and previous
owners. Geologica is pleased to acknowledge the helpful cooperation
of Conway management and exploration personnel all of whom made any
and all data requested available and responded openly and helpfully
to all questions, queries and requests for material. One of the
authors (Daniel Gaudreault) has realized a field visit in June 15,
2010. The line cutting grid and specific cut lines were identified
and photographed where the recent geophysical survey was completed.
Also, the author has verified some 2008 drill sites. A site of 2008
diamond drill holes B-08-14 and B-08-15 was photographed (see
appendix IV).
3.0 RELIANCE ON OTHER EXPERT (Item 5) The authors from Geologica
have not verified the legality of any underlying agreement(s) that
may exist concerning the licenses or other agreement(s) between
parties and the permitting. Geologica offers no opinion as to the
validity of the mineral title claimed by MBR. The description of
the property, and ownership thereof, as set out in this report, are
provided for general information purposes only.
11NI 43-101 Technical Report on the Mine Belleterre
Property-Amended April 26, 2010 Second amendment June 08, 2010
Third amendment June 14, 2010 - Ressources Conway Inc.
Geologica Groupe-Conseil Inc.
4.0 PROPERTY DESCRIPTION (Item 6)
4.1
Location
The Mine Belleterre Property is located approximately 2.5 km
from the town of Belleterre, in Temiscamingue or 110 kilometers
south-west of Val-dOr and 93 kilometers south of Rouyn-Noranda,
Quebec, Canada (Figures 1 and 2). The center of the property is
located at UTM NAD 83: 675,000 metres East and 5,253,500 metres
North in the Guillet Township. 4.2 Claim numbers or names
The Mine Belleterre property includes 2 mining concessions (CM
315 and CM 395) totalling 404.71 hectares in Guillet Township
(Figure 3). This property is owned 100% by Ressources Mine
Belleterre Inc.Owner Property Name Interest Claims Inscription Date
Area (ha) 100% 100% CM 315 CM 395 1941/04/01 1952/02/07 Total :
394,21 10,5 404,71
Ressources Mine Belleterre Inc. Mine Belleterre Ressources Mine
Belleterre Inc. Mine Belleterre
In the past, the limits of the property were located by field
staking under agreement between the Quebec Mines Ministry and the
past owner McIntyre Porcupine Mines. 4.3 Nature and Extent of
Title
Ressources Mine Belleterre Inc. is the former owner of exclusive
and absolute 100% interest in the Mine Belleterre Property. The
mining titles are in good standing, priority free, no mortgage and
other securities and other encumbrance except a 2% NSR for
Concopper Phosphate inc. Following an agreement letter between
Conway and Ressources Mine Belleterre, Conway has the possibility
to acquire the Mine Belleterre Property by the sale and the
purchase of shares and also to complete the exploration work for an
amount of $500,000 following the Convention deadline. Under the
Quebec Mining law, the lessee of a mining lease or the concession
holder has surface access and usage rights, except when the land is
used as a cemetery. On public lands, access and usage rights are
limited to mining purposes only. If the land covered by the lease
or concession was granted or alienated by the State, the lessee or
concession holder must obtain the owners permission to access the
land and carry out work. He may acquire these rights through
amicable agreement or, if necessary, by expropriation.12NI 43-101
Technical Report on the Mine Belleterre Property-Amended April 26,
2010 Second amendment June 08, 2010 Third amendment June 14, 2010 -
Ressources Conway Inc.
Geologica Groupe-Conseil Inc.
On land leased by the State, the lessee of a mining lease or the
holder of a mining concession must obtain the consent of the lessee
of the land surface or pay him compensation. In the event of a
disagreement, a court can determine this compensation. The lessee
or concession holder may also use adjacent land for his mining
activities. However, he must do so in compliance with other laws,
in particular those relating to public lands, forests and the
environment. On lands in the public domain, the lessee or
concession holder may purchase or rent land to set up mine tailings
or any other facility required for mining purposes. He may also
obtain a right of way to install transport routes or tracks,
pipelines and water conduits. A lessee who wishes to set up a mill
on land that is covered by his lease or lies outside its boundaries
must first have the location approved by the Minister of Natural
Resources and Wildlife. However, the location can be subjected an
environmental impact assessment or review in accordance with the
Environment Quality Act, in which case the site must be approved by
the Government. The lessee or concession holder may use any sand or
gravel that are present at the surface of the land covered by his
lease or concession for activities related to mining. This
permission only applies to public lands that are not subject to an
exclusive lease to mine surface mineral substances. Any
mining-related activities involving sand or gravel do not require a
lease to mine surface mineral substances. The lessee or concession
holder may cut wood on the land of his lease or his concession,
provided that this wood is only used for the purposes of erecting
buildings or carrying out mining-related activities. To do this, he
must obtain a forest management permit from a regional office of
the Forestry Branch of the Ministre des Ressources Naturelles et de
la Faune (MRNFQ). The terms and conditions for issuing the permit
vary according to amount of wood to be cut. Concerning the Mine
Belleterre Property, the Issuer must a rent of pay $43 per hectare
every year. In order to complete the required work before February
1st of each year, the property owner must pay a sum equivalent to
the minimum amount of the required work, namely $35/hectare.
4.4
Survey
Ressources Mine Belleterre has had the concession surveyed and
bordered for the Mine Belleterre Property.
13NI 43-101 Technical Report on the Mine Belleterre
Property-Amended April 26, 2010 Second amendment June 08, 2010
Third amendment June 14, 2010 - Ressources Conway Inc.
Geologica Groupe-Conseil Inc.
4.5
Location of mineralized zones
The location of the No. 1 2, 11, 9, 10, 12, 12W, 14, 15, 16
veins is shown on Figure 9. Shafts No. 1 to 4 are also shown on
this Figure. Old tailing ponds are present on the property and
shown on Figure 11. 4.6 Environment liabilities
To the best of our knowledge no environment liabilities are
known to exist from previous work on the area of the property. 4.7
Permits
Conway will need to obtain necessary work permits and local
community approvals to realize future exploration work such as
surveying, geophysical, geochemical, geological and sampling
surveys, and drilling. 5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES,
INFRASTRUCTURE AND PHYSIOGRAPHY (Item 7) Access to the property is
easy with National Road #382 crossing it from west to east.
Moreover, two (2) North-South minor roads skirt the eastern and
western edges respectively. The local climate is that of the
Canadian Shield at this latitude, that is to say typically
continental, with hard winters extending from October to April, a
snowing up which can reach several meters and of total
precipitations of 80 centimeters per year. Summers are relatively
hot and fairly wet. This area is recognized for its mining and
forest activities, the qualified labour being available directly in
the village of Belleterre. All the services, mining personnel,
manpower, equipment and hardware requirements for the exploration
project are available in a radius of 100 km around the property.
Water and power line of Hydro Quebec runs directly on the property.
The limit of the property is sufficient of surface rights for
mining operations, potential tailing storage, potential waste
disposal and potential processing plant sites. Flat relief with
occasionally small round hills and some small peaks characterizes
the topography of the area. Outcrop surfaces are scarce and
scattered. The overburden exceeds rarely 10 meters and is generally
approximately 1.5 to 3 meters. Bacon Lake of approximately 200
meters in diameter is localized at the NW limit of the property and
a small pond occupies the central part. The local altitude varies
between 320 and 350 metres above14NI 43-101 Technical Report on the
Mine Belleterre Property-Amended April 26, 2010 Second amendment
June 08, 2010 Third amendment June 14, 2010 - Ressources Conway
Inc.
Geologica Groupe-Conseil Inc.
see level. The vegetation mainly consists of spruces, pines,
tamaracks, birches, maples, alders and poplars. 6.0 HISTORICAL
WORKS (Item 8) The statutory works were consulted by the authors,
at the office of Ministre des Ressources Naturelles et de la Faune
du Qubec (M.R.N.F.Q.) in Val-dOr, Quebec, The consulted statutory
works concerning the property are annotated in Appendix I. 1930:
1935: 1936: . 1937: McIntyre Porcupine Mines make the discovery of
the mineralized showing near Belleterre. A plan deposited at the
government shows the position of shafts and equipments on the
surface. Beginning of the operations at the Belleterre mine.
Incorporation of the company which will take the name of Belleterre
Quebec Mines Limited under the control of McIntyre Porcupine Mines
Limited.
1937-58: Operation of the mine with an ore treated at a rate of
350 tons per day with 4 shafts. The production takes place on
mineral-bearing zones oriented along a 2 mile axis until December
31, 1958. 2.4 million tons of ore with an average grade of 0.32
oz/t Au (2.18 Mt at 10.73 g/t Au) were mainly extracted from vein
No 12 (95% of the production). Remaining historical reserves are
308,446 tonnes of proven ore, 45,360 tonnes of probable ore and
113,400 tonnes of possible at an average grade of 6.17 g/t Au
(source taken from MRNQ deposit file on SIGEOM). This information
was compiled from sources of historical nature and does not comply
with NI 43-101. However, the authors believe that this estimate
gives a conceptual indication of the potential of the area and that
it is pertinent to this report even if the authors are not
presently able to corroborate the quantities or accuracy of this
information. 1959: The Belleterre mine closes its doors. According
to an internal report in 1960, the remaining resources after
closing were of 172,410 metric tons at 6.42 g/t Au for vein No 14
and 317,600 metric tons at 3.43 g/t Au for vein No 12 W (source:
unpublished internal report at companys Quebec office). Several
other veins were thereafter discovered, but no resource was
calculated. According to what one knows today, all the openings
were made safe and the buildings were demolished.
This information was compiled from sources of historical nature
and does not comply with NI 43-101. However, the authors believe
that this estimate gives a conceptual indication of15NI 43-101
Technical Report on the Mine Belleterre Property-Amended April 26,
2010 Second amendment June 08, 2010 Third amendment June 14, 2010 -
Ressources Conway Inc.
Geologica Groupe-Conseil Inc.
the potential of the area and that it is pertinent to this
report even if the authors are not presently able to corroborate
the quantities or accuracy of this information. 1983: Socit Minire
Dufresnoy obtain the rights of exploration on these concessions.
Magnetic and electromagnetic surveys (GM-40658) were carried out on
the whole of these concessions. Moreover, 41 diamond drill holes
were carried out on the property. The majority of the assayed core
samples were disappointing except for some significant values such
as 0.355 oz/t Au over 2.0 feet (DG-8334) and 1.51 oz/t Au over 0.85
foot (DG-8335). The surveys were positioned in order to check some
geological targets such as tuffaceous horizons of the No 14-type
veins. However, upon revision of the files, some of these targets
were followed "down- dip and perhaps drilled too short.
1984-86: Les Mines dArgent Abcout Inc. carried out a
diamond-drilling program (GM41818) on the property adding up 19
holes. Three holes were completed in the area of Vein No. 15 and
the best results were of 2.15 g/t Au over 0.30 m and 1.6 g/t Au
over 0.60 m. Vein No 12W was checked by several holes with best
results obtained varying between 23.10 g/t over 0.60 m and 0.34 g/t
Au over 6.0 m. Other holes made it possible to check Vein No 30
with significant results varying from 8.7 g/t Au over 3.0 m to 52
g/t Au over 0.30 m. However, according to authors' several of the
holes carried out during this campaign seemed to be drilled
"down-dip" and others too short to reach their target. 1993-94:
Continental Copper Mines Ltd. completed 2 diamond drill holes
adding up 154 meters on the property. The results obtained were
very weak; varying from 27 to 79 ppb Au and the objective of these
holes was to check the gold bearing contents of the horizons of
graphitic tuffs hosted within the mafic volcanic sequence,
recognized in by trenches in 1993. 1999-2004: In 1999, prospector
Daniel Champagne acquired the property from Continental Copper
Mines. The property is transferred thereafter to Exploration Nid'Or
2000 Inc. During years 2000-2003, some work of exploration was
completed on the property in order to keep the mining concessions
in good standing. Geological surveys, stripping and sampling were
carried out. 2004: In spring 2004, the property is acquired by
Groupe Placirent Inc. and the exploration works were completed by
Gologica near the No 1 shaft during the period from the December 13
to 17, 2004. A total of 79 samples were taken. Several significant
values were obtained in the pile muck in the sector of No.1 shaft;
Out of 79 samples, 30 show gold values higher than 1 g/t Au, with 8
results are higher than 5 g/t Au (21.67 g/t Au; 7.1 g/t Au; 18.1
g/t Au, 14.6 g/t Au; 5.03 g/t Au; 5.17 g/t Au; 6.13 g/t Au and
15.57 g/t Au). In a trench near the eastern part of the shaft,
values revealed were between 6 ppb Au and 3.4 g/t Au (D.
Gaudreault, 2005).
16NI 43-101 Technical Report on the Mine Belleterre
Property-Amended April 26, 2010 Second amendment June 08, 2010
Third amendment June 14, 2010 - Ressources Conway Inc.
Geologica Groupe-Conseil Inc.
2005:
During the period of October 9 to November 15, 2005, Geologica
completed channel sampling on Veins 5, 5A and 19 as well as outcrop
stripping of the western extension of Vein no. 12 and Vein 12W
immediately west of the old No. 3 Shaft. The first exploration
efforts were concentrated on Veins 5 and 5A in the SSE part of the
property. A total of 59 channels of 0.5 and 1 meter (59 samples)
were collected and assayed for gold. The second sampled zone is
localized at the western end of the property, where ten (10)
channel samples from 0.5 to 1.5 meters were completed on Vein 19.
The values and assay results obtained until now show a variation
of