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LOCATION ________ ________________ Date Begun /7"t5fe ~O3 Date Logged /^-Q6-Q3 Bearing -±J Date Finished /O~CGs,'QQ Logged By K f l/W tyt+tnf 'glau Collar 5^ /9c
Val Peter Van Damme, P.Geo.973 Wallace WyndPort Moody, B.C.
V3B 1B6
July 26, 2003
Summary Report Lateegra Resources Corp. Bonanza Project Red Lake District
IntroductionDuring the period between June 7th and July 3rd of 2003 a program of diamond drilling and outcrop mapping was conducted on the Bonanza project in Red Lake, Ontario. Five BQ diameter holes were drilled. In total 625m of rock was cored. Outcrop mapping was conducted over 100m spaced cut lines on Whitehorse Island and Cable Peninsula. A total of 10.7 kilometers of line were mapped with 2.7 kilometers on the island and 8.2 kilometers on the peninsula. In addition mapping was conducted along the shorelines of both the island and the peninsula. Analytical work was conducted on 252 samples of which 241 were core and 11 were surface samples. Two maps were prepared at a scale of l :2,500 showing the mapping and the location of the drill holes. Five sketches, of sections through the drill holes, were prepared to show the geology and the location of any anomalous gold values.
Diamond DrillingMobilization of equipment started June 9th and drilling commenced on the thirteenth. Theprogram was completed on the 22nd of June. All drilling was conducted on WhitehorseIsland. Diamond drill holes BZ-03-01 through BZ-03-04 targeted a magnetic low featurein continuation of and south of historical mine workings and previous extensive drillingon the east side of the island. These holes were drilled in a fence between lines 5 and 6south at a dip of- 45 degrees and an azimuth of 110 degrees, which is approximately osquare to the line of strike of the known mineralization to the north. Drill hole BZ-03-05 otargeted a magnetic high feature off the southwest end of the island south of theCousineau Gap. This final hole was drilled at an azimuth of 290 degrees also at a dip of -45 degrees.
(1) Hole # BZ-03-01 ^^ e^""-^^^ Q
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The northernmost hole of the east side drilling was located at UTM coordinates 15442772E, 5654255N. This hole was completed at a depth of 116m. Granodiorite was cored to 62.15 meters. This rock is medium to coarse grained, predominantly comprised of plagioclase with 5-1007o quartz and minor blocky potassic feldspar. Hornblende and magnetite comprise the secondary minerals. The core lightens progressively down hole coincident with a progressive increase in silicification. Quartz content and size also increase down hole. Moderately magnetic at the top of the hole the rock becomes non magnetic by the contact. From 61.87 to 62.15 meters a contact shear zone consisting of intermingled granodiorite and mafic volcanicc material was encountered. Contacts and
internal fabric are variable from 60 to 70 degrees. Mafic volcanic rock was drilled to the end of hole. Sheared and mylonitic overall, locally primary amygdaloidal texture is evident. Narrow diabase and granodiorite dikes cut the unit. Two zones of silicification occur near the base of the hole the lowermost with one instance of tourmaline.
(2) Hole # BZ-03-02
Second in the fence of four holes, BZ-03-02 was collared at UTM 15442754E, 5654217N and drilled to a depth of 119m.Granodiorite was encountered to 67.85 meters. The rock is moderately magnetic to 13.90m and patchily magnetic to 15.46m. Silicification develops to a moderate level progressively down hole with some degree of quartz resorption evident. Minor tourmaline was noted near the top of the hole with narrow quartz-Fe carbonate veinlets. Fractures are locally chloritic with occasional pyritic foils. A contact zone which is much broader than in the first hole occurs between 67.85 and 78.51 meters. Contacts are at 60 degrees to core axis. The upper portion of the contact is mafic volcanic rock with pervasive carbonate chlorite alteration with strong silicification down hole. The lower portion of the contact zone is strongly silicified intrusive rock. The remainder of the hole cored mafic volcanic rock. From 78.51 to 84.52 meters the unit is strong to intensely silcified with a weak crackle breccia texture. The rock is reasonably preserved between 84.52 and 100.43 displaying variolitic texture. FromlOO.43 to the end of hole the unit is weak to moderately chlorite - epidote altered and pervasively carbonate altered and has a 60 degree foliation.
(3) Hole # BZ-03-03
The third in the fence of four holes BZ-03-03 was collared at 15442729E, 564204N and drilled to a depth of 125 meters. From 2.5-84.41 meters granodiorite was cored. The rock is weak to moderately magnetic to 23.71m. Weak silicification increases to strong from this point to the contact at 84.41m. Quartz grain size increases over this interval. Within this interval quartz-tourmaline composite veining was noted at 26.83m with angles of 20 and 60 degrees. A narrowed contact zone occurs between 84.41 and 86.49m characterized by intermixed partially milled granodiorite and foliated mafic volcanic material. The upper contact is sharp at 40 degrees and the lower is diffuse at 60 degrees. Moderate patchy carbonate alteration pervades off foliation planes. The remainder of the hole cored mafic volcanics. Overall the rock is brecciated to protomylonitic. Where protolith is observed the unit appears massive. Several intervals of gradational centrally strong silicification occur towards the base of the hole.
(4) Hole # BZ-03-04
This southernmost hole of four was located at UTM coordinates 15442729E, 5654141N and was drilled to a depth of 116 meters. Granodiorite was cored from 3.70m to 35.70m. Unlike the previous holes the upper portion of this interval is non magnetic. Weak silicification becomes moderate downhole with a coincident increase in quartz content and grain size. Occasional subrounded mafic xenoliths increase in incidence down hole. No quartz-tourmaline veining was observed. Intermediate to mafic volcanic rock was encountered from 35.70 to the end of hole. This rock is fine grained gray massive and overal protomylonitized to mylonitic. No contact zone was observed as in previous holes. The interface between the two rock types is sharp at 60 degrees to core axis. One diabase dike was noted. Several intervals of diffusely bounded silicification occurred down hole.
(5) Hole # BZ-03-05
The final hole of the program, BZ-03-05 was located at UTM coordinates 1544272E, 5654141N and achieved a depth of 149 meters. Granite was encountered over the entirety of the hole. This rock is light medium gray-pink. Crystals are medium grained subhedral and equigranular. Potassium feldspar is the dominant mineral followed by quartz and plagioclase. Secondary minerals consist of hornblende, biotite, and magnetite. Weak carbonate alteration occurs throughout the hole. No significant structures were observed. Fracture surfaces are locally chloritized with or without rare pyritic foils and patchy carbonate alteration. Trace disseminated pyrite occurs throughout. Two narrow diabase dikes were encountered two thirds down hole.
(6) Analytical Results from the Drilling
Assays from all of the drill holes despite interesting contact relationships and intervals of silicification and the occasional presence of tourmaline were disappointing. All values returned were sub gram, but there were 10 intersections found that had anomalous gold values, that is grading better than 100 ppb Au. The only hole which did not return anomalous gold values was BZ-03-04, the most southerly of the fence on the east side of the island.
Outcrop Geology
The Bonanza property falls within the Red Lake belt of the Uchi subprovince. Government mapping indicates that the project area is underlain by mafic and intermediate volcanics, iron formation, and intrusive rock of granodiorite affinity. Extensive glaciation allows for observation of only a few of these rock types and obscures subunits within these various lithologies. Exposure on Whitehorse Island is limited to twenty percent wheras on Cable Peninsula exposure is less than ten percent.
(1) Whitehorse Island
The west side of the island is underlain entirely by granite. The granite is a light medium pink gray in color. Grain size is medium to coarse grained. Crystals are subhedral and equigranular. Only one phase of granite is evident. Potassic feldspars occasionally appear zoned. Accessory minerals consist of horblende, biotite, and magnetite. Alteration of the granite consists of weak calcium carbonate patchy in nature pervading of fractures and chlorite along joint planes. Along the western shore the rock is moderately and uniformly magnetic. Towards the east magnetism wanes or becomes more variable. The east side of the island is underlain by granodiorite which is medium gray green to locally orange. Again this rock is medium to coarse grained, equigranular with subhedral crystals. Accessory minerals consist of hornblende and magnetite. Alteration of the unit consists of iron carbonate along hairline fractures and weak patchy calcium carbonate alteration. Towards the eastern shoreline pervasive silicification becomes moderate by lakeside. On the southern tip of the island and to the north on L 4+00 S at the baseline increased quartz size suggesting resorption is observed. Weak to moderately magnetic to the west the rock becomes non magnetic by lakeside. One outcrop of mafic volcanic flow, highly contorted and partially submerged was observe at the eastern end of L 5+OOS
No contacts between the three rock types were observed in outcrop. The granite - granodiorite contact is covered by clay boulder till and the granodiorite - mafic contact is lost beneath talus cover. Whether the granite contact is a sharp or gradational into the border phase granodiorite is unclear. From drill core it is known that a shear component exists between the granodiorite and mafic flow.
Shearing and faulting were not observed in the limited volume of outcrop but could be inferred from conventional air photo, and contemporary imaging means. Structural measurements were limited to jointing determinations. Dominant jointing is 140 degrees dipping vertically to steeply south and likely offsets mineralization trend. Jointing at 30 to 40 degrees dipping moderately north could reflect radial fracturing along the Dome stock boundary. Jointing at 90 - SON could reflect E-W faulting which may occur along L 1+00 S. Antithetic to this is 180 - 80E jointing.
(2) Cable Peninsula
Outcrop on Cable Peninsula is limited primarily to the central ridge along the old power line right of way between lines 8N and 3N and to several lakeshore exposures. Two rock types; felsic pyroclastics and mafic flows were observed. The felsic volcanic rock is light gray green, and highly siliceous. Several units were distinguished. Prevalent is a massive to faintly bedded fine to medium grained tuff. This unit generally has S-7% quartz and plagioclase phenocrysts. Centimeter scale bedded fine ash tuffs, and bedded to partially welded ash tuffs are the remaining units. These rocks are relatively pristine, with only occasional patchy carbonate alteration and rare chlorite alteration on fractures.
Along the southern shore are several outcroppings of mafic flow. These are pillowed and pillow spalled with poorly developed or non existing cusps. Alteration is pervasive weak chlorite - calcite. Again no significant structures were apparent in outcrop. Structural determinations are sparse and consist of jointing and primary bedding/cleavage. Jointing was observed at 75 degrees dipping steeply north and south and at 145 -75E. These could represent conjugate structures. Bedding determined from welding banding and parting shears is 75-80N. Contortion of the mafics precluded tops determinations.
(3) Surface Grab Samples
Eleven surface grab samples were taken of which eight were from the peninsula with the remaining three from the island. All assays were sub gram with the exception of 585852 which returned slightly in excess of 2 grams. This sample was taken at L3S at the baseline adjacent to the historic mine workings
Conclusions
Analytical results from the diamond drilling project were disappointing with all values below one gram. A number of anomalous gold values were encountered during the drilling of three of the four eastern holes and the western hole, nevertheless the values returned do not allow for much encouragement. Two areas of potential interest exist on Cable Peninsula. The iron formation - felsic volcanic contact to the north and the felsic - mafic volcanic contact to the south. These areas can be defined as competency contrast environments, which if coupled with favourable structure(s) could represent favorable environments for mineralization
Recommendations
(1) No further geologic surface mapping is required due to the lack of outcrop.Trenching could be worthwhile in the area of an anomalous magnetic high on the northern boundary of the claims, which hypothetically could represent an expression of an iron formation, but nevertheless the work would be costly and difficult, due to thick overburden and local permafrost.
(2) With regard to geophysics an induced polarization - resistivity survey would likely be effective over the possible iron formation - felsic volcanic contact to the north as well as the mafic - felsic volcanic contact to the south.
(3) Diamond drilling could not be recommended until additional surveys which give identifiable anomalous targets have been completed.
Recommendations....................................................................................................... 8STATEMENT OF QUALIFICATIONS..............................................................................9
LIST OF TABLES
TABLE 1: LIST OF PATENTED MINERAL CLAIMS, BONANZA PROPERTY...............2
TABLE 2: LIST OF UNPATENTED MINERAL CLAIMS, BONANZA PROPERTY..........2
TABLE 3: DRILL HOLE ASSAYS FOR NORAMCO (1987-88) ......................................5
APPENDIX 1: ASSAY RESULTS FOR SAMPLES COLLECTED BY LATEEGRA RESOURCES CORP. (2003)
APPENDIX 2: DRILL HOLE LITHOLOGS FROM BZ-03-01 THROUGH BZ-03-05 (2003)
APPENDIX 3: BUDGET FOR WORK CONDUCTED ON THE BONANZA PROPERTY BY LATEEGRA RESOURCES (2003)
SUMMARYThe Red Lake Bonanza Property is located about 1 km north of the Red Lake
municipality in the province of Ontario. The property consists of 18 mineral claims, encompassing Whitehorse Island and Cable Peninsula.
Lateegra Resources Corp. entered into a joint venture agreement with the current property holder, Wolfden Resources Inc., whereby Lateegra may earn a 5007o interest in the Bonanza Property.
Following a magnetometer survey of the property, three magnetic anomalies were identified as drill targets. In June 2003, five BQ-sized diamond drill holes totalling 625 m were completed, and 241 samples were collected for analysis. The shorelines of Whitehorse Island and Cable Peninsula were mapped, along with a total of 10.7 km of
grid line and the collection of 11 surface samples for analysis.The properties are located within the Red Lake Belt of the Uchi subprovince. Three
lithologies are exposed on Whitehorse Island; granite, granodiorite and mafic volcanics. Cable Peninsula is composed of two rock types, felsic pyroclastics and mafic flows.
Additional geophysical work is suggested for the Bonanza Property. Contingent upon the results of the surveys a drilling program is proposed, with emphasis on two potential targets on the Cable Peninsula. Due to limited outcrop of the property the structure, geology and extent of mineralization is not well determined.
INTRODUCTIONWolfden Resources Inc. entered into a joint venture agreement with Lateegra
Resources Corp., whereby Lateegra may earn up to a 5007o interest in the Red Lake Bonanza Property by making cash payments of 3164,000, issuing 250,000 common shares in the capital of Lateegra, and performing S2 million in exploration over a four year period.
In the summer of 2003, Lateegra completed an exploration program involving the drilling of five BQ holes, and mapping of shorelines and grid lines. Samples from the drill core and surface outcrops were sent to Accurassay for analysis.
LOCATIONThe Bonanza Property is located in the Dome Township, approximately 1 km north of
the Red Lake municipality in the province of Ontario (Fig. 1). The property consists of 18 mineral claims in the Red Lake Mining Division. It encompasses two main areas of
interest, Whitehorse Island and Cable Peninsula (Fig. 2). The property is situated within
the Red Lake greenstone belt, between past producing gold mines, Teck-Cominco's
Howey and Goldcorp's Cochenour. A detailed list of the claims contained in the Bonanza Property is summarized in Tables 1 and 2.
TABLE 1: LIST OF PATENTED MINERAL CLAIMS, BONANZA PROPERTY
Claim Number Approximate _____________Size (Hectares)
July 15, 2004July 29, 2004July 29, 2004July 29, 2004Oct. 17,2004
ACCESSThe property is accessible year round. The municipality of Red Lake is located in
northwestern Ontario with the closest major city being Winnipeg, Manitoba; located 435 km to the southwest. Red Lake can be reached by traveling north along Highway 105 from Trans Canada Highway 17 at Vermillion Bay or by scheduled airline and bus service from Kenora, Winnipeg or Thunder Bay. From Red Lake, Whitehorse Island can be reached by traveling north along bush access roads and then via winter access roads, snowmobile, boat, or aircraft depending on seasonal conditions. Cable Peninsula
can be accessed by traveling north on Highway 125 around the east side of Red Lake and then south on bush roads requiring four wheel drive.
Exploration services and supplies are available in the community of Red Lake, including government support and administrative services.
GEOLOGICAL SETTING Regional Geology
The Bonanza Property is underlain by rocks of the Archean Red Lake Greenstone Belt of the Uchi subprovince, Superior Province (Fig. 3). The Belt records a 300 Ma history of episodic volcanism, sedimentation, deformation and mineralization. The Red Lake Belt consists of mafic to felsic metavolcanic rocks intruded by mafic to felsic stocks, dikes and sills. Government mapping of the project area indicates it is underlain by intermediate and mafic volcanics, iron formations, and intrusive rock of granodioritic affinity. Extensive glaciation of the area makes it difficult to observe all of the distinct rock types and obscures subunits within the various lithologies. Outcrops are limited to about 2007o exposure on Whitehorse Island and less than 1007o on Cable Peninsula.
Property Geology Whitehorse IslandThe west side of the island is entirely underlain by granite. The rock is pink-grey,
medium- to coarse-grained with subhedral and equigranular crystals. Potassic feldspars appear zoned occasionally. Accessory minerals include hornblende, biotite and magnetite. Only one phase of granite is evident. Alteration of the granite includes the presence of weak calcium carbonate in fractures and chlorite along joint planes. The rock decreases in magnetism strength and consistency from the western shore in towards the east.
The east side of the island is underlain by granodiorite. It is medium grey-green, medium- to coarse-grained with subhedral, equigranular crystals and localized areas of orange color. The accessory minerals include hornblende and magnetite. Alteration consists of iron carbonate along hairline fractures and the presence of weak patchy areas of calcium carbonate. Towards the eastern shoreline pervasive silicification becomes moderate. On the southern tip of the island and to the north on L 4+00 S at the baseline (Grid: Fig. 4) an increase in quartz size is observed, suggesting an increase
in crystal resorption. At the eastern end of L 5+00 S an outcrop of highly contorted and partially submerged mafic volcanic flow is observed.
No contacts between the granite, diorite and mafic volcanics are visible in outcrop. The granite-granodiorite contact is covered by clay boulder till and the granodiorite-mafic contact is lost beneath talus cover. Drill core results generally indicate a shear component at the contact between the granodiorite and the mafic volcanic flow.
Structural data is limited due to the lack of rock exposure on Whitehorse Island. No shearing and faulting are observed in outcrop. The dominant jointing plane evident is oriented at 140" and dips steeply to the south. Another joint set present strikes at 300 to 400 and dips moderately to the north, perhaps representative of radial fracturing along the Dome stock boundary.
Cable PeninsulaTwo main rock types are observed on the Peninsula, felsic pyroclastics and mafic
flows. The felsic volcanic rock is light grey-green and highly siliceous. Several distinct
units are noted. The prevalent unit is a massive to weakly bedded, fine- to medium- grained tuff. It generally has S-7% quartz and plagioclase phenocryst^. The other units include centimetre-scale bedded, fine ash tuffs and bedded to partially welded ash tuffs. The felsic volcanic rocks are relatively pristine with random sections of carbonate alteration and rare chlorite alteration in fractures.
Several outcrops of the mafic flow rocks are exposed along the southern shore of the Peninsula. The rocks are pillowed with poorly developed or non-existing cusps. Structural elements present include jointing and primary bedding/cleavage. The general bedding orientation, determined from welding, banding and parting shears, strikes 75" and dips 80" to the north. Two dominant joint plane orientations likely represent conjugate structures. One trends 75" and dips steeply to the north and south and another trends 1450 and dips 75" to the east. Stratigraphic tops are difficult to determine due to the contortion of the mafic rocks.
EXPLORATIONExploration of the Bonanza Property has included linecutting, geophysics, mapping,
sampling and drilling programs, the most recent work performed between the dates of June 7th and July 3rd of 2003. Mapping was conducted along cut lines, spaced at 100 m, on Whitehorse Island and Cable Peninsula (Fig. 4). A total of 10.7 km of grid line was mapped, 2.7 km on the island and 8.2 km on the peninsula. Non-grid mapping was
completed along the shorelines of the island and peninsula. A total of 252 samples were
sent to Accurassay Laboratories in Thunder Bay, Ontario for analysis, 241 core samples
and 11 surface samples. Ten samples resulted in anomalous gold values grading higher than 100 ppb Au. The complete assay results can be found in Appendix 1.
Previous drilling on the property by Noramco from 1987 to 1988 reported intersections ranging from 0.016 oz/ton gold across 1.0 m to 0.648 oz/ton across 3.3 m and 0.075 oz/ton across 53.3 m. Assay results from the Noramco drilling are in table 3.
TABLE 3: DRILL HOLE ASSAYS FOR NORAMCO (1987-88), BONANZA PROPERTYDrill Hole Number
NBZ-88-10
NBZ-88-23
From (m)
6.013.514.051.351.354.074.395.3
To (m)
32.019.017.3
104.7668.557.077.098.8
Interval (m)
26.05.53.353.317.23.02.73.3
Gold Values (oz/ton)
0.1320.3980.6480.0750.1370.5820.1440.129
DRILLINGDiamond drilling was conducted on Whitehorse Island, involving the completion of
five BQ diameter (46 mm) holes and the total retrieval of 625 m of core. Mobilization of the drilling equipment began June 9th and drilling commenced June 13th . Five drill holes were completed by the 22nd of June, BZ-03-01 through BZ-03-05 (Fig. 4). Diamond drill
holes BZ-03-01 through BZ-03-04 targeted a magnetic low feature in continuation of historical mine workings and previous extensive drilling on the east side of the island. The holes were drilled at an azimuth of 110 0 and a dip of -450 ; approximately square to the line of strike of known mineralization to the north. Drill hole BZ-03-05 targeted a magnetic high feature off the southwest end of the island, south of the Cousineau Gap. It was drilled at an azimuth of 2900 at a dip of -~45G . Cross sections were prepared (Figs. 5 to 9) from the collected drill hole data showing the lithologies encountered and areas of anomalous gold values. Drill hole BZ-03-04 is the only site that did not result in any anomalous gold values.
Drill hole locations were surveyed using Global Positioning System (GPS) instruments with coordinates in NAD 83.
Drill Hole B Z-O 3-01
Hole BZ-03-01 is the northernmost drilling site completed on the east side of
Whitehorse Island. It is located at UTM coordinates Zone 15 442772E, 5654255 and reaches a depth of 116 m.
The initial 62.15 m of core is granodiorite. The rock is described as medium- to coarse-grained, composed predominantly of plagioclase with S-10% quartz and minor blocky potassic feldspar. Quartz content and grain-size increases with depth. The recovered core lightens in color with depth coincident with the progressive increase in silicification. Narrow diabase dikes cut the granodiorite at 450 . Secondary minerals include hornblende and magnetite. The moderately magnetic character of the rock seen at the top of the hole decreases and becomes nonexistent when it reaches a contact shear zone.
The shear zone is from 61.87 to 62.15 meters, consisting of intermingled granodiorite and mafic volcanic material. Mafic volcanic material exists to the depth of the hole, generally sheared and mylonitic with localized primary amygdaloidal textures. Narrow diabase and granodiorite dikes cut the mafic rock. Below the shear zone, contacts and internal fabric are variable from 600 to 70 0 . Two silicification zones occur near the base of the drill hole with minor tourmaline in the lowermost hole.
Drill Hole BZ-03-02Second in the fence of four holes, BZ-03-02 is located south of BZ-03-01 at UTM
coordinates 442754E 5654217N. The hole reaches a depth of 119 m.Granodiorite occurs in the first 67.85 m. The rock is moderately magnetic to 13.90 m
and then intermittently magnetic to 15.46 m. Minor tourmaline is noted near the top of the hole with quartz-Fe carbonate veinlets. Fractures are locally chloritic with occasional pyritic foils. Silicification develops to a moderate level progressively down hole with some quartz resorption evident.
A contact zone is located between 67.85 and 78.51 meters with a 600 contact to core axis. The upper portion consists of mafic volcanic rock with pervasive carbonate chlorite alteration. Silicification increases with depth. The lower portion of the contact zone is strongly silicified intrusive rock. The remainder of the hole is mafic volcanic rock. The unit is strongly to intensely silicified with a weak crackle breccia texture from 78.51 to 84.52 meters. From 84.52 to 100.43 meters the mafic rock is well preserved and
displays variolitic texture. Below 100.43 m to the end of the hole the unit exhibits weak to moderate chlorite-epidote alteration with pervasive carbonatization and a 60 0 foliation.
Drill Hole BZ-03-03Drill hole BZ-03-03 is the third in the fence of four holes. It is located at UTM
coordinates 442729E, 564204N and drilled to a depth of 125 m.
Granodiorite exists from 2.5 to 84.41 meters. The rock is weakly to moderately
magnetic to 23.71 m. From this point weak silicification and quartz grain size increases
with depth to a contact zone at 84.41 m. Within this interval quartz-tourmaline veining is
noted at 26.83 m with angles of 20 and 60 degrees.
The contact zone occurs between 84.41 and 86.49 meters characterized by
intermixed partially-milled granodiorite and foliated mafic volcanic material. The upper
contact of the zone is sharp at 40 0 and the lower is diffuse at 600 . Moderate irregular
carbonate alteration pervades off foliation planes. Below the contact zone the remainder
of the hole is composed of mafic volcanic rocks. The majority of the rock is brecciated to
protomylonitic, while the unit appears massive where protolith is observed. Several
intervals of centrally strong silicification zones occur near the base of the hole.
Drill Hole BZ-03-04Drill hole BZ-03-04 is the southernmost hole of four along the east side of the island.
It is located at UTM coordinates 442729E, 5654141N and is drilled to a depth of 116
meters.Granodiorite occurs from 3.70 to 35.70 m. Weak silicification becomes moderate
down-hole with an increase in quartz content and grain-size. Occasional sub-rounded mafic xenoliths increase in incidence with depth. Unlike the other three drill holes located on the east side of the island, the upper portion of the granodiorite is not magnetic and there is no contact zone. A sharp contact of 60 0 to the core axis divides the granodiorite from the intermediate to mafic volcanic rock in the lower portion of the hole. The volcanic rock is grey, fine-grained, massive and protomylonitic to mylonitic with only one diabase dike intersection. Several intervals of silicification are present in
the lower section of the volcanic rock.
Drill Hole BZ-03-05The single hole drilled on the southwest end of the island is drill hole BZ-03-05. It is
located at UTM coordinates 442258E 5654306N and achieved a depth of 149 meters.
8
The majority of recovered core is granite. The rock is light to medium grey-pink with medium grain-sized subhedral and equigranular crystals. Potassium feldspar is the
dominant mineral accompanied by quartz and plagioclase. Secondary minerals include hornblende, biotite, magnetite and trace disseminated pyrite. Weak carbonate alteration is observed throughout the core. No significant structures are present. Fracture surfaces are locally chloritized with rare pyritic foils and intermittent carbonate alteration. Two narrow diabase dikes are intersected approximately two thirds of the total length down at a 40" contact to the core axis.
CONCLUSIONSAlthough drilling resulted in the discovery of interesting contact relationships and
intervals of silicification and occasional tourmaline, the analytical results were disappointing with all values below one gram per ton of gold. A number of anomalous gold values were encountered during the drilling of three of the four eastern holes and the southwestern hole. All of the analyzed surface samples were sub gram with the exception of sample 585852, which returned slightly in excess of 2 grams. Two potential areas of interest exist on Cable Peninsula, including the iron formation - felsic volcanic contact to the north, and the felsic - mafic volcanic contact to the south. The areas can be defined as competency contrast environments and if effective subsurface structure(s) exist, the area may present a favorable environment for mineralization.
Recommendations(a) Due to the general lack of outcrop, no further geological surface mapping is
required. Trenching may be beneficial on the northern boundary of the claims in an anomalously magnetic high area. The anomaly could be the expression of an iron formation. The results may be promising but the work would be costly and difficult due to thick overburden and local permafrost.
(b) An induced polarization resistivity survey would likely be effective geophysical work in the two potential areas of interest previously described in 'Conclusions', the possible iron formation - felsic volcanic contact to the north and the felsic - mafic volcanic contact to the south.
(c) Diamond drilling is not recommended until well defined and identifiable anomalous targets are determined in the completion of the suggested surveys.
05/04/2004 14:29 4399789 DAHROUGE PAGE 02
08/27/2013 01:03 FAX 3)002/002
STATEMENT OF QUALIFICATIONS
l, Val Peter Van Damme, of 973 Wallace Wynd, Port Moody, British Columbia, hereby certify that
l am a graduate of Lakehead University in Thunder Bay, Ontario, with an Honors Bachelor of Science, Geology degree obtained in 1988.
l have practiced my profession continuously since graduation.
l am a registered professional geoscientist of the Association of Professional Engineers and Oeoacientlsts of British Columbia.
l conducted the exploration program herein described.
l prepared a summary report of findings on completion of the program the content of which this report incorporates.
This report is an accurate account of the surface drilling and mapping project carried out during the 2003 field season, on the Bonanza project.
l have no interest direct or otherwise In the holdings or securities of Wotfden Resources or its affiliates.
Dated at Vancouver, British Columbia Thja3rt dayofMay, 2004
Val peter Van Damme, P.Geo
APPENDIX 1:ASSAY RESULTS FOR SAMPLES COLLECTED
BY LATEEGRA RESOURCES CORP. (2003)
ACCURASSAY LABORATORIES
/iccurassay Laboratories A DIVISION OF ASSAY LABORATORY SERVICES INC.
MINERAL ASSAY DIVISION
1070 LITHIUM DRIVE, UNIT 2 THUNDER BAY, ONTARIO P7B 6G3 PHONE (807) 626-1630 FAX (807) 623 6820 [email protected] WEBwww.accurassay.com
Recording Date: 2004-JAN-16 Work Done from: 2003-JUN-07
Approval Date: 2004-JUL-16 to: 2003-JUL-03
Client(s):
129617 ENGLISH, PERRY VERN
301069 WOLFDEN RESOURCES INC.
Survey Type(s):
GEOL PDRILL
Work Report Details:
Claim*
G 2020267
G 2020289
G 2020290
G 2020291
G 2020292
G 2020293
G 2020294
G 2020295
KRL 1244576
KRL 1244578
KRL 1244596
KRL 1244599
KRL 1244600
KRL 1244609
KRL 1244614
KRL 1244616
KRL 1244621
KRL 1244685
External Credits:
Reserve:
Perform541,234
5550
51,650
5555
51,650
S550
5550
52,200
50
524,379
520,950
SO
SO
SO
SO
SO
SO
SO
594,268
Perform Approve
541,234
5550
51,650
5555
51,650
5550
5550
52,200
50
524,379
520,950
50
50
50
50
SO
50
SO
594,268
SO
Applied
50505050SO
SO
SO
so56,000
54,000
54,000
52,000
54,000
52,000
56,000
52,000
52,000
52,000
534,000
560,268 Reserve of Work
560,268 Total Remaining
Applied Approve
50
SO
SO
SO
50
SO
SO
SO
56,000
54,000
54,000
S2.000
S4,000
S2.000
56,000
52,000
52,000
52,000
534,000
Assign
516,800
SO
SO
SO
50
SO
SO
SO
50
S6.000
S3.200
SO
SO
50
SO
SO
SO
SO
526,000
Assign Approve
16,800
0
0
0
0
0
0
0
0
6,000
3,200
0
0
0
0
0
0
0
S26.000
Reserve
524,434
5550
51,650
5555
S1.650
5550
5550
52,200
SO
514,379
513,750
SO
SO
SO
SO
SO
SO
SO
560,268
Reserve Approve
524,434
5550
51,650
S555
S1.650
S550
S550
52,200
SO
514,379
513,750
SO
SO
SO
50
SO
SO
SO
560,268
Due Date
2009-JUN-07
2009-JUL-15
2009-JUN-07
2009-JUN-07
2009-JUL-03
2009-JUL-15
2009-JUL-29
2009-JUL-29
2009-JUL-29
2009-OCT-17
Report*: W0420.00160
Status of claim is based on information currently on record.
52N04SW2074 2.27080 DOME 900
2004-Aug-09 11:38 prudhommej Page 1 of 1
L- 15-2004 14:25 WOLFDEN RESOURCES INC. 18073450284 P.02
5. Work to be recorded and distributed. Work can only be assigned to claims that ar land where work was performed, at the time work was performed. A map showing the form. t \ -. .
~tiguous (adjoining) to l
ntiguous link must
Mining Claim Number. Or li wwk was dons on outer axeffil* mining land, show in Uiis
column ine location number indicated on lha claim map.
Bank, value or werft lo De dfjlrtbuted al a future (fate
S2.825
0
J4.6B2
314,379
313,750
324,43432.20035503550
31,650357,513
Sandra Savage .. do hereby certify that the above work credits are eligible underpyMcvlNira)
subsection 7 (1) of the Assessment Work Regulation 6/96 for assignment to contiguous daims or for application to the claim where the work was done.
"~" | DateSignature AultmttM in Wiling July 15. 2004
6. Instruction for cutting back credits that are not approved.
Some of the credits claimed in this declaration may be cut back. Please check (/) In the boxes below to show how you wich to prioritize the deletion of credits:
D 1 - Credits are to be cut back from the Bank first, followed by option 2 or 3 or 4 as indicated.Q 2. Credits are to be cut back starting with the claims listed lasi. working backwards; or0 3. Credits are to be cut back equally over all claims listed In this declaration: orD 4- Credits are to be cut back as prioritized on the attached appendix or as follows (describe):
Note: If you have not indicated how your credits are to be deleted, credits will be cut back from the Bank first, followed by option number 2 if necessary.
JUL 15 '04 14:29 18073450284 PPGE.02
JUL-15-2004 14:25 WOLFDEN RESOURCES INC. 18073450284 P.03
^ y6. Work to be recorded and distributed. Work can ort# be assigned to dalms ihai aft contiguous (adjoining) land where work was performed, at the time work was performed. A map showing lhe~connguous link must a
Mining Claim Number. Or if worn wet dona on ottiaralljiwa mining rand, show in this
column lie location number Indicated on me SalmmsB.•9
Number of Claim Unit*. For othermining land, xt hectare*.
18 ha
12
2
191218
49
Velu* of work — performed on Into claim or other mining land.
S26.82S
0
S 1.982
S1.6505555S550
S2.755
applied to madaim
N/A
S24000
S 4.000
SO
Value oTwork Milgned lo other mining claims.
KA 000
0
0
so
Ebnk. Value of work to b* diaineuMd at l future dan
S2.B2S
0
S4.892
81,650S555S550
S2.755
ndra Savage .. do hereby certify that tne above work credits are eligible undersubsection 7 (l) of the Assessment Work Regulation 6/96 for assignment to contiguous claims or for application to the claim where the work was doneSignature oi m wnwig Data July 15, 2004
6. Instruction for cutting back credits that are not approved.
Some of the credits claimed in this declaration may be cut back. Please check {/) in the boxes below to show how you wish to prioritize the deletion of credits;
D 1 - Credits are to be cut back from the Bank first, followed by option 2 or 3 or 4 as indicated.D 2. Credits gre to bs cut back starting with the dalms listed last, working backwards: or0 3. Credits are to be cut back equally over all dalms listed In this declaration; orD 4- Credits are to be cut back as prioritized on the attached appendix or as follows (describe):
Note: If you have not indicated how your credits are to be deleted, credits will be cut back from the Bank first, followed by option number 2 if necessary.
JUL 15 '04 14:29 18073450284TOTAL P.03
PAGE.03
Ministry ofNorthern Developmentand Mines
Date:2004-JUL-16
Ministere du Developpement du Nord et des Mines Ontario
We have approved your Assessment Work Submission with the above noted Transaction Number(s). The attached Work Report Summary indicates the results of the approval.
At the discretion of the Ministry, the assessment work performed on the mining lands noted in this work report may be subject to inspection and/or investigation at any time.
Assessment work credit has been approved as outlined on the AMENDED Declaration of Assessment Work Form received on July 12, 2004.
If you have any question regarding this correspondence, please contact BRUCE GATES by email at [email protected] or by phone at (705) 670-5856.