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ol t he p) odxK-t .if. lua i ket c-11. ci f. clit-ii.i caJ qjade.

Undei Du- pesf.:i mi f-t i e F.eema .i o, a positive cash i ~] ow can

niily be obtained :i f a Jaiqe percentaqe of the V.,0^ product j f.

luajkoted iif. chei!iioa:i (.pack-. 'J'ci c^'laiii the- Ccsf.h J 3 ov,' ictjoijfd

J tu C'iijij l i \'.\ I 'oy- })cK-]; v/ou'ld Jc-cjuiit- iuoj c lliciii ^0% of the

j'jcidnct to In- f.cO d cif- (-)iC']iii c-cJ.1 cpcidc-.

C'lecij.ly, t o j'iiy off tliC' jecju.ijed c-ci)i.i t H ] .iii a h to O yocu

iiine- 11 cline loquiie:. 1 Jiirl totcO opei cit ;i ncj C-Of.t f- lie- c-qo:i Vci] c-nt

to oi ;U)V.'c-} than those in t lie opt i ini f.t i c: f.eenajio. 3 f

opej at i mi t-o:.t f. a) e f i cini f j cant .1 y hicjhei tlian thif., then

7 evenuef. luiu.t also be i nci eaf-.c-d } iy inai };c-t i IKJ iuoi c- of tlie

hicjlic) VcOiH- Vj.0^ p) oduct , oi liy pxoduc-incj othc-) f.a]oab,le }iy-

jnodiK't:. f.uc:}j a f. jiiaciiiol i t e , ilmenite 0 1 'J'iO.,.

Met a J J xi) ci.i ea J Cheitii (.-ci 'l VÔt, 'j'ot a.l Kov

Mi n.i nq/Mi "l l .i nq C(if-t sl'j ocef.f.ri nci C'of.t f.'J'ot a J C)})C-J at i nq Cost :.

'J'} anf.poi t at i on and Hai );et i nq

Car.h 3'.lov.'(Ope) at i nq PJ C)f i t )

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}:von undoi iiii opt :i mi st i e seena i .i o feu minincj, millincj

and p7occssinc) costs, the P.) a/can- Wood Magnetite deposi "l ir.

unlikely to bc econon i a - l .1 y viable, if j evenue jr. bared

solely on 7iia}ketirKj ) id al l m qi cal tjj ado V.,O, at pi esent day

juice-;., ISowovej , H at least 30^. of tlic- juoduet c-cin bo

iiiiukolod as chemical (jj ado VÔ,^ ci) id oj)C'j at i ncj c:osi r. c-ciii be

nu'.i )ii ai )ic-d C'Ciua] lo o;r bettoj ilian Diose doouiuC 1 )!! c-d in the-

opt i)ni st i c- s.cêna) i o, l}ic-)i eapiia'l jiay- })ac-k ovei a [i lo f.

yea} pejiod i -.li on] d bo possible. ) ! :vo)i so, ii would be

pjofejablo lo liavc- acid:! l j cina.l son) cos of i evonue f i oiu Ihc-

ma)keli)Ki of ]iol enl i a l l y s.a]c-cib.le liy- j.)j tiduc^l s , f.noJj cis

iiiatijiol i l e , i.'hiieiiilc- o:r 'J'iO.,, v.'liic-li c-onld pcis.5;ib]y be

p) oduc-c-d iii l)ic- VcDiadi uiu pi ocessi )icj plant v:it}i mi nimuiu

add i l i ona l exist .

M ir-., thcjcfoje, i c-cu))ii)iio)ided Dial leslwoik C)ii Die-

l!) axeau- Wood deposit bo caijicd ont in three phases as

J o] ] ov.'s. :

J'hi'sc 3: Dote-) mi no efficiency of magnetic sepal at i on

technicjues to ju odiu-e a iuacjnetite conc-e)ii t a t o

containing as. muc-)) of the vanadium as. poss i)).l e .

Hot ei mi ne (jjades. and J ecovei i c- r. a)id pot ent i ci]

;-.a] eabi ] i t y of the macjnet i t c- concent i at e, as'-.nmi ncj

vana.d :i urn has boon 7 einoved and i oeovoi cd. .

Pet ei mi ne if an ilmenite c-onc-c-)il i at e can also be

jijoduc-ed )iy magnetic (jo oJicil)] y Jiicj}) i )it ensi t y)

s.c-jicO at i on t c-c^hni cjucs, and if so, dc-t ej jni )ic- Die-

f-.al c-a))i l i t y of this-, by- p) oducl .

)')i i-, se 33: ]) f Phase l testv.'ojk is. 7 casonabl y succossf ul

iii olitainijiC) a hiqh i c-ccivei y of vaneidinin i n the

iiiaqnei i t e c-onccMit ) at e , câi j y ont j oast /l each ,

at mosphe} i c- ] each and pi essm e 3 c-acli t est s. nsinc]

Na^C'O, cind/t'J NciOll lo dot outline the inoist efJJeiont

jo oeer.5. for V extirietion mid joeovory. A3 f--, o

clot (-JIM:) ne l lit- jun.it y of the iiicicjnet H o )iy- ju oclxu-t

Ji)

ci f-uc-c-c-sr. .in 1'har.o 1 '\ , c -onl j i m f;o.1vc-nt

oxt j ciot .i on mid r.t J .i }))).i ncj conditions ic-cjUJrc-d to

}o odiH-o ci }j."i(i)i })vn:ity V ?O S ju oduet (c-lioin.i c-cil

cijcido) olid to eiif-ui o TI h.icjli pc-i c-t-nt cicje of

3 .i x .i v.i iitit j C'cjenoi tit i on loj j ec-ycO c- to tlic- ] oac-lj

c-;i j C'U.i t .

'.li i ui :i l lucTii t c- oonoc-nt I'tit c- c-an bc- }u ocUic-.c-d

but not :.o]d, dot ei no n o the- potent i ci] oc-.onoju.i c:

v.i iilo "l :i t y of j)jodiic:jncj ji.icjiuont 0,1 fidc- rJ'.iO? .

WJ1,],1AM CRA1G15N fc. ASSOCIATES

Chemical ^ MHalhiiîoa) Processing Consultants668 Golden Ave. OlUiwa, Ontario Canada KV.A ?.C#

'J el (61 H) '//8-^.V7H 3 ;ax, (6:13) 778-WM

March 31, 1990

Received f r o tn W, liennessy, the sum of One l hdustinci, live Ikmdrec! (SH.OO.OO) Dollars., for c onsu 11 i n(| s e j-v ic e s and feasibility report on "ViUirMliurii Recovery from Brdêau V.'ood Mcictnetite Deposit".

With thanks.,

W.O.S. C r a i o. en

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NOTES

THIS PLAN HAS BEEN PREPARED FROM DATA BELIEVED TO BE RELIABLE AT THE TIME OF COMPILATION .HOWEVER, L AND DISPOSITION, THE POSITION AND STATUS OF MINING CLAIMS, TOWNSHIP FABRIC AND OTHER SURVEY INFORMATION DISPLAYED ON THE PLAN IS NOT GUARANTEED.TO ENSURE MAXIMUM ACCURACY, ADDITIONAL CHECKS SHOULD BE MADE IN THE MINING RECORDER'S OFFICE.LAND REGISTRY OFFlCE.ETC.

SAND, and GRAVEL(•j) GMAVCL FILE 183162

(g) K.N R e**VEL RESERVE K o- 262 , FILE 25IO9

S| GRAVEL FILE 231OI

BRAVEL REMRVE No. 263 FILE Z3IO9

(o) QUARRY PERMIT

r

. LA w.t*A.-* C W

DATE OF ISSUE

r, r- ' ** i~.

HAS BE E r; COf.'PiLEC FROr/ VARIOUS SOURCES AND ACCUP^CV IE l-iO' (,'jAPi-i-TEE O 'HOSE v.'iSHtrj-G ~ C S 'AKE f.'if. !r:^ CL-'-lf.'S S-O'JLTJ CON SU.T Wi T H T-fE f.'^ÎNG RET.ORDEP f/INlSTRV Or

3IL07SEM02 2.13855 PAPINEAU

MATTAWAN M -859

QUEBEC

flti* Cktmt Lit*

D O Y D M-57

LEGEND

HIGHWAY AND ROUTE No

vOTHER ROADS :

TRAILS

SURVEYED LINESTOWNSHIPS BASE LINES. ETCLOTS MINING CLAIMS PARCELS, ETC

UNSURVFYED LINESLOT LINESPARCEL BOUNDARYMINING CLAIMS ETC

RAILWAY AND RIGHT O c WAY

UTILITY LINES

NON PERENMALSTREAM

FLOODING OR FLOODING RIGHTS

SUBDIVISION OR COMPOSITE PLAN

RESERVATIONS

ORIGINAL SHORELINE

MARSH OR M USKEG

MINES

TRAVERSF MONUMENT

DISPOSITION O F C ROWM LAKBS

TYPE OF DOCUMENT SYMBOL '

...- ̂ O iPATENT. SURFACE S. MINING R IGHTS . ......f ........

. S URFACE R IGHTS ONLY...........__...._n, © j'

. MINiNG RIGHTS ONLY ____...,,__ ........^. O !

LEASE SURFACE f, M INING RIGHTS—,--.-.-——-.. C b

" .SURFACE RIGHTSONLY.......................... B '

" . MINING RIGHTSONLY...,........."___... ——-^ 9

LICENCE OF OCCUPATION .__..._____._____.___. V

ORDER-IN-COUNCIL ——.... — ... —— _____..™.__- OCî

RESERVATION .__........ ....... .-..——,Mm——__. ©

CANCELLED __......,._--. —— .——-.,__——. ®SAND a GRAVEL ___....__——...___—.______. ©

WOTE: MINING RIGHTS IN PARCELS PATENTED M* CD K TO MAY e. | 1913 VESTED IN ORIGINAL PATENTEE B Y T HE P UBLIC

ACT R S O 1970. CHAP 3BO, S EC. 63, S URSEC l

AREAS W[TKDRA\^^^S! FROM DiSPGSETIO^

S.R.-SURFACE RIGHTS M.R. -MINING R IGHTS

O*w Wa. Dart

SCALE: 1 ENCH = CO CHAINS

FEff-T1OOO ?OOO

g-?S!?g7*gPi^!^S^^SMQ rooo

tgar7*i^g.-jag "--•"^jjaaryiE-

C TOO METRES

10OOn KM)

2COO [2 E. W

ACRES HECTARES

TQWL'SKIP OF

J

HI

SOUTHERN ONTARIO

Ministry ofNaturalResources

Surveys

BrtnchOntario

Dalf FEBRUARY, os?

Kit ion*; T opo^-'tphic Ssrurtli-H

UOOH nic.r, WOU.HE AUUAOOMH · s.c-jicO at i on t c-c^hni cjucs, and if so, dc-t ej jni )ic- Die- f-.al c-a))i l i t y of this-, by- p) oducl .)')i i-, se 33: ]) f Phase l testv.'ojk

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