REDISCOVERING IN BRITISH COLUMBIA, CANADA

Transcription

1 REDISCOVERING IN BRITISH COLUMBIA, CANADA

2 REDISCOVERING GOLD MINES IN BRITISH COLUMBIA, CANADA 715 West 68 th Avenue, Vancouver British Columbia, V6P 2T8 Canada Web: Tel: , Fax:

3 Table of Contents RED ELEPHANT SUMMARY REPORT KING MIDAS SUMMARY REPORT (NORTH FORK) SUMMARY REPORT (KING MIDAS NO. 1 VEIN) SUMMARY REPORT (GOLDSPRING) SUMMARY REPORT (KING MIDAS LYNCH) BUSHY CREEK SUMMARY REPORT BRITANNIA DYKE SUMMARY REPORT OTTAWA SUMMARY REPORT ENTERPRISE SUMMARY REPORT THE RED AND THE FIR SUMMARY REPORT (THE RED) SUMMARY REPORT (THE FIR) DISCLAIMER... 41

4 GMR Global Mineral Resources Corp. owns 100% of the Red Elephant gold property; comprised of 3 mineral tenures (British Columbia Mineral Titles # , , ). Located in the Slocan area of southeastern British Columbia, Canada, the tenures total an area of hectares. The showing is to the north and east and at lower elevation than the Bannockburn [082KNW051] and Sheila [082KNW052] properties During an exploration program from , Roper Resources Ltd. conducted diamond drill core sampling. Historical estimates from Roper Resources Ltd. quoted an indicated resource of 26,463 tonnes grading 40.8 grams per tonne gold. Exploration was discontinued in 1990 due to the low price of gold at the time (approx. $420 USD/ounce 1990 annual average; source: NYSE). On February 8 th, 2012 the NI Technical Report on the Red Elephant Property; by Stephen B. Butrenchuk P. Geo., P. Geol. was filed with the British Columbia Securities Commission. The NI Technical Report is available to view and/or download by visiting: Red Elephant and Surrounding Mineral Tenures In 2011, GMR Global Mineral Resources Corp. completed an exploration and sampling program that consisted of extensive improvements, maintenance and rehabilitation on approximately 24km of Healy Creek Road leading to the property and resampling of the Red Elephant mineralized gold zone. GMR received assays from ACME Analytical Laboratories (Vancouver) Ltd. for samples recovered during the summer 2011 sampling program completed on the Red Elephant. Results from the 2011 Red Elephant sampling program confirmed historical surface sampling results. Three of the five rock samples collected from the main Red Elephant zone returned assay values ranging from 21.6 to 39.4 grams per tonne. Two other samples collected from the same zone contained values of 2,542 and 7,546 ppb gold. HISTORICAL ESTIMATES INDICATED RESOURCES OF 26,463 TONNES GRADING 40.8 GRAMS PER TONNE GOLD GMR Global Mineral Resources Corp. 715 West 68 th Avenue, Vancouver British Columbia, V6P 2T8 Canada 4 Investor Relations Contact: Toll Free: Fax: info@globalmineralresources.com Website: globalmineralresources.com

5 Historical Estimates / Workings In the early 1900s, an adit was driven for 16.8 metres in a north-west direction into loose, decomposed, rusty coloured schist. The tunnel was then split into three drifts for a total length of approximately 46 metres. In 1927, the then owners sunk a 21.3 metres deep shaft and developed about 68.6 metres of crosscut and drift. A sample of partially decomposed, silicified schist and honeycombed quartz exposed in an open cut near the portal assayed a historical estimate of 42.5 grams per tonne gold. In 1927, it was found to extend for at least 21 metres to the base of the shaft. In 1984, Bannockburn Resources Limited reported a 1 to 2 metre-wide band which had been traced on strike for 130 metres. Locally, the band displays a honeycomb texture. Historical estimates produced assays of 43.2 grams per tonne gold with a range between 12.3 and 61.7 grams per tonne gold over 0.1 metre. In 1987, Mikado Resources Limited reported results from chip samples that assayed historical estimates of 11.66, 34.01, 3.12, 5.18 and 9.50 grams per tonne gold over widths of 0.91 to 1.52 metres. From , Roper Resources Limited conducted an exploration program consisting of sampling, trenching and diamond drilling. Historical estimates from Roper Resources Ltd. quoted an indicated resource of 26,463 tonnes grading 40.8 grams per tonne gold. David Amar, Steve Butrenchuk P. Geo. P. Geol, Mike Linn and crew during the 2011 Exploration Program on the Red Elephant gold property Google Satellite Image of the Red Elephant Property Late 1980's drilling just west of the upper Red Elephant Portal GMR Global Mineral Resources Corp. 715 West 68 th Avenue, Vancouver British Columbia, V6P 2T8 Canada 5 Investor Relations Contact: Toll Free: Fax: info@globalmineralresources.com Website: globalmineralresources.com

6 MINFILE Detail Report BC Geological Survey Ministry of Energy, Mines and Natural Gas and Responsible for Housing Location/Identification MINFILE Number: 082KNW053 National Mineral Inventory Number: 082K11 Pb5,Au1 Name(s): RED ELEPHANT BANNOCKBURN Status: Regions: BCGS Map: NTS Map: Latitude: Longitude: Elevation: Location Accuracy: Prospect Mining Division: Slocan Electoral District: Nelson-Creston British Columbia Forest District: Kootenay Lake Forest District 082K K11E UTM Zone: 11 (NAD 83) N Northing: W Easting: metres Within 500M At 1360 metres elevation on the north side of Hall Creek, just below the mouth of Bannockburn Creek. Mineral Occurrence Commodities: Gold, Silver, Copper Minerals Significant: Chalcopyrite, Pyrite, Pyrrhotite, Siderite, Limonite, Gold Associated: Quartz Alteration Type: Mineralization Age: Oxidation Unknown Deposit Character: Classification: Type: Vein Unknown I01: Au-quartz veins Dominant Host Rock: Metasedimentary Host Rock Stratigraphic Age Group Formation Igneous/Metamorphic/Other Unknown Hamill Marsh Adams Isotopic Age Dating Method Material Dated Lithology: Pyritic Phyllite Geological Setting Tectonic Belt: Terrane: Omineca Ancestral North America Physiographic Area: Selkirk Mountains Metamorphic Type: Regional 6

7 Grade: Greenschist Inventory Ore Zone: Category: Quantity: MAIN Year: 1988 Indicated Report On: No 26,463 tonnes NI : Not Applicable Commodity Grade Silver grams per tonne Gold grams per tonne Copper per cent Reference: Roper Resources Limited, George Cross News Letter, December 14, 1988 Capsule Geology The Red Elephant vein is at an elevation of approximately 1360 metres on the north side of Hall Creek, a northeasterly flowing tributary of Duncan River. The showing is to the north and east and at lower elevation than the Bannockburn [082KNW051] and Sheila [082KNW052] properties. In the late 1950s, the Red Elephant occurrence was called the "Bannockburn". In the early 1900s, an adit was driven for 16.8 metres in a northwest direction into loose, decomposed, rusty-coloured schist. The tunnel was then split into three drifts for a total length of approximately 46 metres. In 1927, the then owners bonded the property to J. Morris and Associates of Spokane, who sunk a 21.3 metres deep shaft and developed about 68.6 metres of crosscut and drift. In 1929, the property was owned by H. McKay and W.J. Power. Bannockburn Resources held the claim in 1983 and the company reported a new discovery, comprised of a 1 to 2 metre-wide band of "siliceous oxide material" the following year. In 1987, Mikado Resources Limited and Turner Energy and Resources Limited owned a large swath of country, including the Wagner [082KNW212] and Abbott [082KNW056] properties (which were their primary focus) and the Bannockburn basin showings as part of a major joint venture. A related company, Roper Resources Incorporated optioned the complete land package and, in 1988, undertook a small exploration and sampling programme. Two years later, it conducted a limited diamond drill programme. The Trout Lake area is underlain by a thick succession of sedimentary and volcanic rocks of the Badshot Formation and Lardeau Group near the northern end of the Kootenay arc, an arcuate, north to northwest trending belt of Paleozoic and Mesozoic strata that is now classified as a distinct, pericratonic, terrane. The arc rocks are bordered by Precambrian quartzite in the east and they young to the west, where they are bounded by Jurassic-age intrusive complexes. They were deformed during the Antler orogeny in Devonian-Mississippian time and were refolded and faulted during the Columbian orogeny, in the Middle Jurassic. A large panel, the "Selkirk allochthon", was later offset to the northeast by dip-slip motion along the Columbia River Fault. The Badshot Formation is composed of a thick Cambrian limestone that is a distinctive marker horizon in the Trout Lake area. It is underlain by Hamill Group quartzite and it is overlain by a younger assemblage of limestone, calcareous, graphitic and siliceous argillite and siltstone, sandstone, quartzite and conglomerate, and also mafic volcanic flows, tuffs and breccias, all of which belong to the Lardeau Group. The rocks are isoclinally folded and intensely deformed, but only weakly metamorphosed. They occur as intercalated beds of marble, quartzite and grey, green and black phyllite and schist. Fyles and Eastwood (EMPR BULL 45) subdivided the group into six formations (Index, Triune, Ajax, Sharon Creek, Jowett and Broadview) of which the lowermost (Index) and uppermost (Broadview) are the most widespread. The Triune (siliceous argillite), Ajax (quartzite) and Sharon Creek (siliceous argillite) are restricted to the Trout Lake area. The Jowett is a mafic volcanic unit. The Red Elephant area is underlain by siliceous schist, phyllite and quartzite of the Marsh Adams formation, the uppermost unit of the Hamill group. The rocks are in the immediate footwall of the Badshot limestone and they are isoclinally folded and schistose. They strike to the northwest and dip steeply to the southwest. The Red Elephant adit was driven in a northwest direction into loose, decomposed, rusty-coloured, schist and was then split into three drifts a short distance to the east of the so-called "lime-dyke". The workings were made to evaluate spotty high-grade gold assays encountered in a poorly defined, weakly discordant, quartz vein in an altered and highly pyritic band of schist adjacent to the limestone. The contact strikes 015 and dips at 85 degrees to the west. The vein is discontinuous and locally appears as "bunches" of quartz. It is also slightly discordant. It follows the bedding of contorted schists where they are sheared against massive limestone but generally trends slightly east of north. A sample from the middle drift, collected in 1907, gave only a trace of gold and silver, while one from the left hand drift contained "$2.40 in gold/ton" and some copper. The highest gold values were found near the portal. On surface, the vein is highly oxidized and limonitic and much of the pyrite has leached out leaving decomposed quartz with cast outlines of pyrite cubes. A sample of partially decomposed, silicified schist and honey-combed quartz exposed in an open cut near the portal assayed 42.5 grams per tonne gold. The depth of oxidation is unknown. In 1927, it was found to extend for at MINFILE Number: 082KNW053 Page 2 of 3 7

8 least 21 metres to the base of the shaft. In 1984, Bannockburn Resources Limited reported a new discovery, comprised of a 1 to 2 metre-wide band of "siliceous oxide material" which has been traced on strike for 130 metres. Locally, the band displays a honeycomb texture. It has produced assays of up to 43.2 grams per tonne gold. The band is subparallel to, and approximately 100 metres south of, the main vein. At that time, it was reported to have produced assays of between 12.3 and 61.7 grams per tonne gold over 0.1 metre. In 1987, Mikado Resources Limited reported results for the "new " (?) zone on the Red Elephant property. It evidently yielded chip samples that assayed 11.66, 34.01, 3.12, 5.18 and 9.50 grams per tonne gold over widths of 0.91 to 1.52 metres. The following year, Roper Resources Limited quoted an indicated resource of 26,463 tonnes grading 40.8 grams per tonne gold, 36.3 grams per tonne silver and 0.93 per cent copper (George Cross News Letter 14/12/88). In 1989, the company reported a trench sample that assayed 20.6 grams per tonne gold and 3.3 per cent copper over 1.5 metres. The following year, it described encountering massive pyrite-pyrrhotite and stringers of chalcopyrite in drill core. Gold values were reported to be low (Information Circulars, 1989, 1990). EMPR AR *1909-K112 EMPR INF CIRC , p. 41; , p. 24; , p. 48 EMPR OF EMPR PF (Prospectors Report by Robert Bourdon) GSC MAP 235A GSC *MEM 161 pp GCNL #24, 3/2/84; 14/12/88 N MINER 3 May, 1984 Bibliography Date Coded: 1985/07/24 Coded By: BC Geological Survey (BCGS) Field Check: N Date Revised: 2014/11/12 Revised By: Laura degroot(ldg) Field Check: N MINFILE Number: 082KNW053 Page 3 of 3 8

9 Projected Timeline* Google Earth Satellite Image of the King Midas and North Fork gold and silver properties The North Fork occurrence is located north of the Zeballos gold camp, an area underlain by Lower Jurassic Bonanza Group basaltic to rhyolitic volcanic rocks. The Eocene Zeballos stock, a quartz diorite phase of the Catface Intrusions, is spatially related to gold quartz veining in the area. The North Fork occurrence consists of a 2.5 to 14 centimetre lensy quartz vein that follows a 010 degree striking, vertically dipping 15 to 25 centimetres wide shear zone. The vein has been traced over 100 metres and is thought to be an extension of the King Midas Trial vein. Historical values from samples taken over 10 centimetres, 4 metres from the face of the Main adit returned values of up to grams per tonne gold. The King Midas No. 1 Vein occurrence is located within the Zeballos gold camp, 140 metres south of Fault Creek, 3.0 metres above the Zeballos River level. The Number 1 Vein has been traced for 80 metres. It strikes 354 degrees, dips vertically, and consists of lenses of quartz following a somewhat wider shear zone. Locally, the vein splays into several parallel stringers 30 to 40 centimetres apart. Historical grades from samples carrying about 50 percent quartz, sphalerite, pyrite and some chalcopyrite, galena and pyrrhotite, assayed up to grams per tonne gold. In 1940, one tonne of high grade ore produced 156 grams of gold and 10 kilograms of copper. King Midas gold and silver mineral properties and surrounding mineral properties on a contour map GMR Global Mineral Resources Corp. 715 West 68 th Avenue, Vancouver British Columbia, V6P 2T8 Canada 9 Investor Relations Contact: Toll Free: Fax: info@globalmineralresources.com Website: globalmineralresources.com

10 King Midas Mineral Tenure The King Midas Lynch Vein is located in the Projected Timeline* Zeballos gold camp, in an area underlain by the Lower Jurassic Bonanza Group. The King Midas Lynch Vein adit is located 50 metres from the mouth of Fault Creek. A 0.8 to 5.0 centimetre calcite vein, striking north and dipping vertically. Fifteen metres uphill, a silicified quartz-shear zone has been explored by several open cuts. Historical values from samples of oxidized material assayed up to grams per tonne of gold. On the south bank of Fault Creek, a 7.5 to 15 centimetre shear zone striking 020 degrees and dipping 45 degrees south, contains banded quartz. Historical values from one sample assayed grams per tonne of gold. The Goldspring occurrence is comprised of three veins: The first vein lies in Fault Creek. It has been traced for 8 metres along a 303 degree strike. The vein dips 46 degrees north. The second vein (the "Eastern Vein") has been explored by two adits from the 469 and 536 metre levels. Historical values from samples taken assayed up to grams per tonne gold. The third vein (the "Western Vein") is at an elevation of 442 metres and 46 metres above Fault Creek. The shear zone containing the vein dips 70 degrees east and is 2.5 to 13 centimetres wide. Historical values from 3 samples assayed up to grams per tonne gold. Aeromagnetic Geophysical Map of King Midas and North Fork gold and silver properties GMR Global Mineral Resources Corp. 715 West 68 th Avenue, Vancouver British Columbia, V6P 2T8 Canada 10 Investor Relations Contact: Toll Free: Fax: info@globalmineralresources.com Website: globalmineralresources.com

11 MINFILE Detail Report BC Geological Survey Ministry of Energy, Mines and Natural Gas and Responsible for Housing Location/Identification MINFILE Number: 092L 021 Name(s): NORTH FORK BIG ONION Status: Regions: BCGS Map: NTS Map: Latitude: Longitude: Elevation: Location Accuracy: Commodities: Prospect Mining Division: Alberni Electoral District: North Island British Columbia, Vancouver Island Forest District: Campbell River Forest District 092L L02W UTM Zone: 09 (NAD 83) N Northing: W Easting: metres Within 500M Location of main adit (Bulletin 27, Figure 2) is 1.4 kilometre north of 092L 217 (King Midas Trail vein), on west bank of Zeballos River, 10.5 kilometres north of Zeballos. Gold, Silver, Copper, Zinc Mineral Occurrence Minerals Significant: Significant Associated: Alteration: Alteration Type: Mineralization Age: Chalcopyrite, Arsenopyrite, Sphalerite, Pyrrhotite Gold, silver mineralogy not known. Quartz Quartz, Epidote, Calcite Epidote Unknown Deposit Character: Classification: Type: Shape: Dominant Host Rock: Volcanic Vein Mesothermal, Epithermal, Epigenetic I06: Cu+/-Ag quartz veins Tabular Strike/Dip: 010/90 Vein strikes 010 degrees with a near vertical dip. Host Rock Stratigraphic Age Group Formation Igneous/Metamorphic/Other Upper Triassic Vancouver Karmutsen Isotopic Age Dating Method Material Dated 230 Ma Fossil Gymnotropite ammonites Lithology: Amygdaloidal Andesite Ammonites from Hisnit Island. Geological Setting Tectonic Belt: Terrane: Insular Wrangell Physiographic Area: Vancouver Island Ranges Metamorphic Type: Regional 11

12 Grade: Amphibolite Inventory Ore Zone: Category: Sample Type: VEIN Year: 1950 Assay/analysis Report On: No NI : Not Applicable Chip Commodity Silver Gold Sample over 10 centimetres. Reference: Bulletin 27, page 117. Grade grams per tonne grams per tonne Capsule Geology The North Fork occurrence is located north of the Zeballos gold camp, an area underlain by Lower Jurassic Bonanza Group basaltic to rhyolitic volcanic rocks. Conformably underlying the Bonanza rocks are limestones and limy clastics of the Quatsino and Parson Bay formations, and the tholeiitic basalts of the Karmutsen Formation, all belonging to the Upper Triassic Vancouver Group. Dioritic to granodioritic Jurassic plutons of the Zeballos intrusion phase of the Island Intrusions have intruded all older rocks. The Eocene Zeballos stock, a quartz diorite phase of the Catface Intrusions, is spatially related to gold-quartz veining in the area. Bedded rocks are pre- dominantly northwest striking, southwest dipping, and anticlinally folded about a northwest axis. The North Fork occurrence consists of a 2.5 to 14 centimetre lensy quartz vein that follows a 010 degree striking, vertically dipping 15 to 25 centimetres wide shear zone, hosted in green amygda- loidal andesite of the Karmutsen Formation. Amygdules are 0.3 to 2 centimetres and are filled with quartz, epidote and calcite. The quartz vein hosts abundant arsenopyrite and sphalerite with minor chalcopyrite and pyrrhotite. The vein has been traced over 100 metres and is thought to be an extension of the King Midas Trial vein (092L 217). A sample taken over 10 centimetres, 4 metres from the face of the Main adit assayed grams per tonne gold, 17.1 grams per tonne silver (Bulletin 27, page 117). Bibliography EMPR BULL 20-V; *27, p. 117 EMPR FIELDWORK 1982, p. 290; 1983, p. 219 GSC EC GEOL GSC MAP ; 255A; 1028A; 1552A GSC MEM 204; 272, p. 59 GSC OF 9; 170; 463 GSC P 38-5; 40-12; 69-1A; 70-1A; 72-44; 74-8; GSC SUM RPT 1929A; 1932A CIM Trans. Vol. 42, 1939, pp ; 1948, pp ; 72, pp N MINER Apr. 1938, pp Carson, D.J.T., (1968): Metallogenic Study of Vancouver Island with emphasis on the Relationship of Plutonic Rocks to Mineral Deposits, Ph.D. Thesis, Carleton University, Ottawa Stevenson, J.S., (1938): Lode Gold Deposits of the Zeballos Area Date Coded: 1985/07/24 Coded By: BC Geological Survey (BCGS) Field Check: No Date Revised: 1989/02/26 Revised By: Wim S. Vanderpoll(WV) Field Check: No MINFILE Number: 092L 021 Page 2 of 2 12

13 MINFILE Detail Report BC Geological Survey Ministry of Energy, Mines and Natural Gas and Responsible for Housing Location/Identification MINFILE Number: 092L 020 National Mineral Inventory Number: 092L2 Au28 Name(s): KING MIDAS NO. 1 VEIN MARKS, EHATSET, BIG BEN (L.1676), YAUCO Status: Mining Method Regions: BCGS Map: NTS Map: Latitude: Longitude: Elevation: Location Accuracy: Commodities: Past Producer Mining Division: Alberni Underground Electoral District: North Island British Columbia, Vancouver Island Forest District: Campbell River Forest District 092L L02W UTM Zone: 09 (NAD 83) N Northing: W Easting: metres Within 500M The adit, on the west bank of Zeballos River, is located 1.3 kilo- metre north of Nomash River Fork, 9.5 kilometres north of Zeballos and 140 metres south of Fault Creek (Bulletin 27, Figure 2). Gold, Silver, Copper, Zinc, Lead Mineral Occurrence Minerals Significant: Significant Associated: Alteration Type: Mineralization Age: Sphalerite, Chalcopyrite, Galena, Gold Gold associated with sphalerite; silver mineralogy not known. Quartz Silicific'n Unknown Deposit Character: Classification: Type: Shape: Dimension: Dominant Host Rock: Volcanic Vein Mesothermal, Epithermal, Epigenetic I06: Cu+/-Ag quartz veins Tabular 80x0x0 metres Strike/Dip: 354/90 Vein strike is 354 degrees, dip vertical or steeply east. Host Rock Stratigraphic Age Upper Triassic Group Vancouver Formation Karmutsen Igneous/Metamorphic/Other Upper Triassic Vancouver Quatsino Eocene Catface Intrusions Isotopic Age Dating Method Material Dated 230 Ma Fossil Gymnotropite ammonites 225 Ma Fossil Juvarite ammonites 38 +/- 14 Ma Potassium/Argon Biotite Lithology: Tectonic Belt: Terrane: Siliceous Andesite, Limestone, Porphyry Dike Karmutsen ammonites-hisnit Island; Quatsino ammonites-alice Lake; Catface biotite-zeballos (Geological Survey of Canada Paper 74-8). Insular Wrangell, Plutonic Rocks Geological Setting Physiographic Area: Vancouver Island Ranges 13

14 Metamorphic Type: Grade: Contact Hornfels Inventory Ore Zone: Category: Sample Type: VEIN Year: 1932 Assay/analysis Report On: No NI : Not Applicable Grab Commodity Grade Silver grams per Gold tonne grams per tonne Sample consisting of 50 per cent quartz. Reference: Geological Survey of Canada Summary Report 1932, A11, pages Mined: Milled: Summary Production Metric Imperial 1 tonnes 1 0 tonnes 0 tons tons Recovery Gold 156 grams 5 ounces Silver 31 grams 1 ounces Copper 10 kilograms 22 pounds Capsule Geology The King Midas No. 1 vein occurrence lies in the Zeballos gold camp, an area underlain by Lower Jurassic Bonanza Group basaltic to rhyolitic volcanic rocks. Conformably underlying the Bonanza rocks are limestones and limy clastics of the Quatsino and Parson Bay formations, and the tholeiitic basalts of the Karmutsen Formation, all belonging to the Upper Triassic Vancouver Group. Dioritic to granodioritic Jurassic plutons of the Zeballos intrusion phase of the Island Intrusions have intruded all older rocks. The Eocene Zeballos stock, a quartz diorite phase of the Catface Intrusions, is spatially related to gold-quartz veining in the area. Bedded rocks are pre- dominantly northwest striking, southwest dipping, and anticlinally folded about a northwest axis. The King Midas No. 1 vein, 140 metres south of Fault Creek, 3.0 metres above the Zeballos River level, lies near the faulted contact between Quatsino limestone on the east bank of Zeballos River and Karmutsen andesites on the west. Feldspar porphyry dykes, possibly related to the South Zeballos Pluton phase of the Eocene Catface Intrusions, cut volcanics and sediments. The Number 1 vein is hosted by silicified andesite and has been traced for 80 metres. It strikes 354 degrees and dips vertically, and consists of lenses of quartz following a somewhat wider shear zone. Locally, the vein splays into several parallel stringers 30 to 40 centimetres apart, with andesite host rock flooded with thin quartz veinlets and impregnated with sulphides. A sample collected by Gunning (Geological Survey of Canada Summary Report 1932, Part A, II, pages 39-42) carrying about 50 per cent quartz, sphalerite, arsenopyrite, pyrite and some chalcopyrite, galena and pyrrhotite, assayed grams per tonne gold, and grams per tonne silver. The gold was found to be associated with sphalerite and chalcopyrite and is also present as free gold. In 1940, one tonne of high grade ore produced 156 grams of gold, 31 grams of silver and 10 kilograms of copper. A parallel vein was located 244 metres up Fault Creek (Bulletin 27, page 116); no details are available. Bibliography EMPR AR ; ; ; 1934-F6; 1938-F53,F56; ; EMPR BULL 20-V, p. 16; *27, p. 115 EMPR FIELDWORK 1982, p. 290; 1983, p. 219 EMPR PF (Starr, C.C. (1938): Report on the King Midas Mine, 10 p; North Half of Claims Showing Locations of Veins and Contacts, 1938; Sketch of King Midas Workings on North Fork of Zeballos River, 1938; Letter from Charles Starr to King Midas Mining Co. Ltd., 1938; Stevenson, J.S. (1938): Lode Gold Deposits of the Zeballos Area) EMR MP CORPFILE (King Midas Mining Co. Ltd.) MINFILE Number: 092L 020 Page 2 of 3 14

15 GSC EC GEOL GSC MAP ; 255A; 1028A; 1552A GSC MEM 204, p. 17; 272, pp. 47,59 GSC OF 9; 170; 463 GSC P 38-5; *40-12, pp ; 69-1A; 70-1A; 72-44; 74-8; GSC SUM RPT 1929A; *1932AII, pp CIM Trans. Vol. 42, 1939, pp ; 1948, pp ; 72, pp GCNL #146, 1983; #5, 1984 N MINER Apr. 1938, pp Carson, D.J.T., (1968): Metallogenic Study of Vancouver Island with emphasis on the Relationship of Plutonic Rocks to Mineral Deposits, Ph.D. Thesis, Carleton University, Ottawa Date Coded: 1985/07/24 Coded By: BC Geological Survey (BCGS) Field Check: N Date Revised: 1989/02/27 Revised By: Wim S. Vanderpoll(WV) Field Check: N MINFILE Number: 092L 020 Page 3 of 3 15

16 MINFILE Detail Report BC Geological Survey Ministry of Energy, Mines and Natural Gas and Responsible for Housing Location/Identification MINFILE Number: 092L 039 National Mineral Inventory Number: 092L2 Au24 Name(s): GOLDSPRING (L.1940) GOLD SPRING, KNUTSEN, GOLD STREAK, GOLD BANNER Status: Regions: BCGS Map: NTS Map: Latitude: Longitude: Elevation: Location Accuracy: Commodities: Showing Mining Division: Alberni Electoral District: North Island British Columbia, Vancouver Island Forest District: Campbell River Forest District 092L L02W UTM Zone: 09 (NAD 83) N Northing: W Easting: metres Within 500M Location of adit at elevation of 469 metres, in centre of Lot 1940 is 0.75 kilometre west of Zeballos River, 9.5 kilometres north of Zeballos. Gold, Silver, Copper, Zinc, Lead Mineral Occurrence Minerals Significant: Chalcopyrite, Sphalerite, Galena, Pyrite, Pyrrhotite Associated: Quartz Mineralization Age: Unknown Deposit Character: Classification: Type: Shape: Dimension: Dominant Host Rock: Volcanic Vein Mesothermal, Epithermal, Epigenetic I06: Cu+/-Ag quartz veins Tabular 73x67x0 metres Strike/Dip: 355/90 Dimensions and attitude of Eastern vein of Bulletin 27; vein width is to 20 centimetres. Host Rock Stratigraphic Age Upper Triassic Group Vancouver Formation Karmutsen Igneous/Metamorphic/Other Eocene Catface Intrusions Upper Jurassic Island Plutonic Suite Isotopic Age Dating Method Material Dated 230 Ma Fossil 230 Ma 38 +/- 14 Ma Potassium/Argon Phlogopite 148 +/- 8 Ma Potassium/Argon Biotite Lithology: Porphyritic Andesitic Flow, Amygdaloidal Andesitic Flow, Feldspar Porphyry Dike Ammonites-Hisnit Island; biotite and phlogopite-zeballos area (Geological Survey of Canada Paper 74-8). Tectonic Belt: Insular Geological Setting Physiographic Area: Vancouver Island Ranges 16

17 Terrane: Wrangell, Plutonic Rocks Inventory Ore Zone: Category: Sample Type: VEIN Year: 1950 Assay/analysis Report On: No NI : Not Applicable Chip Commodity Silver Gold Highest of 3 samples across vein. Reference: Bulletin 27, page 119. Grade grams per tonne grams per tonne Capsule Geology The Goldspring occurrence is comprised of three veins which are hosted by porphyritic to amygdaloidal andesitic flows of the Upper Triassic Vancouver Group, Karmutsen Formation. The Zeballos intrusion of the Late Jurassic Island Plutonic Suite lies 2.5 kilometres to the west. The Eocene South Zeballos pluton of the Catface Intrusions lies 2.5 kilometres to the south. The first vein lies in Fault Creek and is described by Stevenson (Bulletin 27, page 33). It has been traced for 8 metres along a 303 degree strike. The vein dips 46 degrees north, is 10 centimetres wide and occurs in sheared andesite on the hangingwall side of a major fault near a feldspar porphyry dyke. The quartz vein hosts pyrite, pyrrhotite and chalcopyrite. The second vein (the "Eastern Vein" of Bulletin 27) has been explored by two adits from the 469 and 536 metre levels. The vein strikes 355 degrees and dips 90 to 55 degrees east and is 2.5 to 20 centimetres wide. It follows a 13 to 30 centimetre wide rusty shear zone, and hosts pyrite, occasional patches of chalcopyrite and minor amounts of sphalerite and galena in quartz gangue. In the lower adit the vein is hosted by andesite for 18 metres, then follows a quartz porphyry dyke for 26 metres before following another shear zone to the face of the adit. The same vein in the upper adit is 2.5 to 7.5 centimetres wide within a 2.5 to 20 centimetre wide shear zone. A sample of "heavy pyrite taken from the vein" in the creek bed 4.5 metres above the lower adit portal assayed grams per tonne gold and grams per tonne silver. Three samples taken across 20 centimetres of the vein assayed trace to grams per tonne gold and 3.4 grams per tonne silver (Bulletin 27, page 119). The Third vein (the "Western vein" of Bulletin 27, page 119) as examined in trenches at an elevation of 442 metres and 46 metres above Fault Creek consists of a 2.5 to 7.5 centimetre wide quartz stringer. The vein occasionally splits into several stringers along a 030 degree strike. The shear zone containing the vein dips 70 degrees east and is 2.5 to 13 centimetres wide. Three samples from the vein assayed from trace to grams per tonne gold (Bulletin 27, page 119). EMPR AR *1938-F65 EMPR BULL 20-V, p. 16; *27, pp. 118,119 EMPR FIELDWORK 1982, p. 290; 1983, p. 219 EMPR PF (Starr, C.C. (1938): Report on the Gold Spring Group of Claims, 4 p.; Workings, Plan, C.C. Starr, 1940; Starr, C.C. (1940): Report of Examination of the Gold Streak Group, 4 p.; Stevenson, J.S. (1938): Lode Gold Deposits of the Zeballos Area) GSC EC GEOL GSC MAP ; 255A; 1028A; 1552A GSC MEM 204; 272, p. 59 GSC OF 9; 170; 463 GSC P 38-5; 40-12, p. 32; 69-1A; 70-1A; 72-44; 74-8; GSC SUM RPT 1929A; 1932AII CIM Trans. Vol. 42, 1939, pp ; 1948, pp ; 72, pp N MINER Apr. 1938, pp Carson, D.J.T., (1968): Metallogenic Study of Vancouver Island with emphasis on the Relationship of Plutonic Rocks to Mineral Deposits, Bibliography MINFILE Number: 092L 039 Page 2 of 3 17

18 Ph.D. Thesis, Carleton University, Ottawa Date Coded: 1985/07/24 Coded By: BC Geological Survey (BCGS) Field Check: No Date Revised: 2007/08/17 Revised By: Sarah Meredith-Jones(SMJ) Field Check: No MINFILE Number: 092L 039 Page 3 of 3 18

19 MINFILE Detail Report BC Geological Survey Ministry of Energy, Mines and Natural Gas and Responsible for Housing Location/Identification MINFILE Number: 092L 215 National Mineral Inventory Number: 092L2 Au30 Name(s): KING MIDAS LYNCH BIG BEN 3 (L.1677) Status: Regions: BCGS Map: NTS Map: Latitude: Longitude: Elevation: Location Accuracy: Commodities: Prospect Mining Division: Alberni Electoral District: North Island British Columbia, Vancouver Island Forest District: Campbell River Forest District 092L L02W UTM Zone: 09 (NAD 83) N Northing: W Easting: metres Within 500M Adit on north side of Fault Creek on Crown Grant Lot 1677, 50 metres from Zeballos River, 9.6 kilometres north of Zeballos (Bulletin 27, Figure 2). Gold, Copper, Silver, Zinc Mineral Occurrence Minerals Significant: Associated: Alteration Type: Mineralization Age: Sphalerite, Chalcopyrite, Pyrite, Pyrrhotite, Arsenopyrite Quartz Silicific'n, Oxidation Unknown Deposit Dominant Host Rock: Character: Classification: Type: Vein Mesothermal, Epithermal, Epigenetic I06: Cu+/-Ag quartz veins Shape: Tabular Modifier: Folded, Sheared Volcanic Strike/Dip: 360/90 Lynch Vein strikes north, dips vertically. Host Rock Stratigraphic Age Upper Triassic Group Vancouver Formation Karmutsen Igneous/Metamorphic/Other Upper Triassic Vancouver Quatsino Eocene Catface Intrusions Isotopic Age Dating Method Material Dated 230 Ma Fossil Gymnotropite ammonites 225 Ma Fossil Juvarite ammonites 38 +/- 14 Ma Potassium/Argon Biotite Lithology: Siliceous Andesite, Limestone, Porphyry Dike Karmutsen ammonites from Hisnit Island; Quatsino ammonites from Alice Lake; Catface biotite from Zeballos (GSC Paper 74-8). Tectonic Belt: Terrane: Insular Wrangell, Plutonic Rocks Geological Setting Physiographic Area: Vancouver Island Ranges 19

20 Metamorphic Type: Grade: Contact Hornfels Inventory Ore Zone: Category: Sample Type: SAMPLE Year: 1938 Assay/analysis Report On: No NI : Not Applicable Grab Commodity Silver Gold Copper Zinc Sample of oxidized material. Reference: Bulletin 27, page 116. Grade grams per tonne grams per tonne per cent per cent Capsule Geology The King Midas Lynch vein lies in the Zeballos gold camp, in an area underlain by the Lower Jurassic Bonanza Group. The Bonanza Group is an island arc sequence of basaltic to rhyolitic volcanic rocks. Conformably underlying the Bonanza rocks are limestones and limy clastics of the Quatsino and Parson Bay formations, and the tholeiitic basalts of the Karmutsen Formation, all belonging to the Upper Triassic Vancouver Group. Dioritic to granodioritic Jurassic plutons of the Zeballos Intrusion phase of the Island Intrusions have invaded all older rocks. The Eocene Zeballos Stock, a quartz diorite phase of the Catface Intrusions, is spatially related to the areas gold-quartz veins. Bedded rocks are predominantly northwest striking, southwest dipping, and anticlinally folded about a north- west axis. The King Midas Lynch vein adit is located 50 metres from the mouth of Fault Creek. A 0.8 to 5.0 centimetre calcite vein, striking north and dipping vertically, is present in andesite. Fifteen metres uphill, a silicified quartz-shear zone has been explored by several open cuts. The "vein" is 15 to 25 centimetres wide and contains quartz, sphalerite, chalcopyrite, pyrite and pyrrhotite. A sample of oxidized material assayed grams per tonne gold, 6.86 grams per tonne silver, 0.5 per cent copper, and 2.8 per cent zinc (Bulletin 27, page 116). On the south bank of Fault Creek, a 7.5 to 15 centimetre shear zone striking 020 degrees and dipping 45 degrees south, contains banded quartz. A sample assayed grams per tonne gold, 3.4 grams per tonne silver, trace copper, 3.1 per cent arsenopyrite (Bulletin 27, page 116). Bibliography EMPR AR ; ; ; 1934-F6; 1938-F53,F56; ; EMPR BULL 20-V, p. 16; *27, p. 115 EMPR FIELDWORK 1982, p. 290; 1983, p. 219 EMPR PF (Starr, C.C. (1938): Report on the King Midas Mine, 10 p; North Half of Claims Showing Locations of Veins and Contacts, 1938; Sketch of King Midas Workings on North Fork of Zeballos River, 1938; Letter from Charles Starr to King Midas Mining Co. Ltd., 1938 (see 092L 020); Stevenson, J.S. (1938): Lode Gold Deposits of the Zeballos Area) EMR MP CORPFILE (King Midas Mining Co., Ltd.) GSC EC GEOL GSC MAP ; 255A; 1028A GSC MEM 204, p. 17; 272, p. 47,59 GSC OF 9; 170; 463 GSC P 38-5; *40-12, p ; 69-1A; 70-1A; 72-44; 74-8; GSC SUM RPT 1929A; *1932A II, p CIM TRANS Vol. 42, 1939, pp ; 1948, pp ; 72, pp GCNL # 146, 1983; # 5, 1984 N MINER Apr., 1938, pp Carson, D.J.T., (1968): Metallogenic Study of Vancouver Island with emphasis on the Relationship of Plutonic Rocks to Mineral Deposits, Ph.D. Thesis, Carleton University, Ottawa Date Coded: 1985/07/24 Coded By: BC Geological Survey (BCGS) Field Check: No Date Revised: 1989/02/27 Revised By: Wim S. Vanderpoll(WV) Field Check: No Monday, February 22, 2016 MINFILE Number: 092L 215 Page 2 of 2 20

21 Bushy Creek The Bushy Creek showing is located north of the Keecha Creek showing (103H 010) near the northwestern tip of Keecha Lake on Banks Island. Mineralized quartz veins and sericite-chlorite alteration zones occur over a 75 metre distance within the "Kim" biotite quartz monzonite of the Coast Plutonic Complex. The "Kim" quartz monzonite hosts the Yellow Giant deposit to the north (103G ). The parallel veins, ranging from 0.2 to 1.2 metres in width, strike 343 degrees and dip 75 degrees northeast. The veins contain varying amounts of pyrite, sphalerite, and chalcopyrite with associated gold values. Minor disseminated pyrrhotite, galena and molybdenite occur in the alteration zones. In 1987, a channel sample over 1.5 metres from a newly discovered vein returned a value of grams per tonne gold (Assessment Report 16707, Sample #74901). Drilling on a different vein in 1986 resulted in a best assay of 81.6 grams per tonne gold (historical grade) over a 76 centimetre intersection (Assessment Report 15301). Bushy Creek Property and Surrounding Mineral Tenures Google Satellite Image of the Bushy Creek Property A CHANNEL SAMPLE OVER 1.5 METRES FROM A NEWLY DISCOVERED VEIN RETURNED A VALUE OF GRAMS PER TONNE GOLD GMR Global Mineral Resources Corp. 715 West 68 th Avenue, Vancouver British Columbia, V6P 2T8 Canada 21 Investor Relations Contact: Toll Free: Fax: info@globalmineralresources.com Website: globalmineralresources.com

22 MINFILE Detail Report BC Geological Survey Ministry of Energy, Mines and Natural Gas and Responsible for Housing Location/Identification MINFILE Number: 103H 042 Name(s): BUSHY CREEK KEECH Status: Regions: BCGS Map: NTS Map: Latitude: Longitude: Elevation: Location Accuracy: Commodities: Showing Mining Division: Skeena Electoral District: North Coast British Columbia Forest District: North Coast Forest District 103H H05W UTM Zone: 09 (NAD 83) N Northing: W Easting: metres Within 500M Mineralized zone (Assessment Report 15301). Several showings occur in the Bushy Creek area, which is located near the northwestern tip of Keecha Lake. Gold, Zinc, Copper Mineral Occurrence Minerals Significant: Associated: Alteration: Alteration Type: Mineralization Age: Pyrite, Sphalerite, Chalcopyrite, Pyrrhotite, Galena, Molybdenite Quartz Sericite, Chlorite Sericitic, Chloritic Unknown Deposit Character: Classification: Type: Dominant Host Rock: Plutonic Vein, Disseminated Epigenetic, Hydrothermal I05: Polymetallic veins Ag-Pb-Zn+/-Au Strike/Dip: 343/75E Host Rock Stratigraphic Age Group Formation Igneous/Metamorphic/Other Paleozoic-Mesozoic Coast Plutonic Complex Isotopic Age Dating Method Material Dated Lithology: Tectonic Belt: Terrane: Biotite Quartz Monzonite, Granite Includes Tertiary plutons. Veins are hosted by "Kim" quartz monzonite. Geological Setting Coast Crystalline Physiographic Area: Plutonic Rocks Milbanke Strandflat Inventory Ore Zone: SAMPLE Year: 1987 MINFILE Number: 103H 042 Page 1 of 2 22

23 Category: Assay/analysis Report On: No NI : Not Applicable Sample Type: Channel Commodity Gold Sample #74901 over 1.5 metres. Reference: Assessment Report Grade grams per tonne Capsule Geology The Bushy Creek showing is located north of the Keecha Creek showing (103H 010) near the northwestern tip of Keecha Lake on Banks Island. Mineralized quartz veins and sericite-chlorite alteration zones occur over a 75 metre distance within the "Kim" biotite quartz monzo- nite of the Coast Plutonic Complex. The "Kim" quartz monzonite hosts the Yellow Giant deposit to the north (103G ). The parallel veins, ranging from 0.2 to 1.2 metres in width, strike 343 degrees and dip 75 degrees northeast. The veins contain varying amounts of pyrite, sphalerite, and chalcopyrite with assoc- iated gold values. Minor disseminated pyrrhotite, galena and molyb- denite occur in the alteration zones. In 1987 a channel sample over 1.5 metres from a newly discovered vein assayed grams per tonne gold (Assessment Report 16707, Sample #74901). Drilling on a different vein in 1986 resulted in a best assay of 81.6 grams per tonne gold over a 76 centimetre inter- section (Assessment Report 15301). EMPR ASS RPT 13071, *15301, *16707, *17180 EMPR EXPL 1986-C424 GSC MAP ; 1385A GSC P Bibliography Date Coded: 1987/02/09 Coded By: Larry Jones(LDJ) Field Check: No Date Revised: 1989/08/04 Revised By: Larry Jones(LDJ) Field Check: No MINFILE Number: 103H 042 Page 2 of 2 23

24 Britannia Dyke The Britannia Dyke vein lies in the Zeballos gold camp, which is underlain by the Lower Jurassic Bonanza Group. The Bonanza Group is an island arc sequence of basaltic to rhyolitic volcanic rocks. Conformably underlying the Bonanza rocks are limestones and limy clastics of the Quatsino and Parson Bay formations, and the tholeiitic basalts of the Karmutsen Formation, all belonging to the Upper Triassic Vancouver Group. Dioritic to granodioritic Jurassic plutons of the Zeballos Intrusion phase of the Island Intrusions have intruded all older rocks. The Eocene Zeballos Stock, a quartz diorite phase of the Catface Intrusions, is spatially related to the areas gold-quartz veins. Bedded rocks are predominantly northwest striking, southwest dipping, and anticlinally folded about a northwest axis. The Britannia Dyke vein occurrences were explored by 2 adits in the 1930's. Three additional veins were sampled in the work reported in Assessment Report The highest sample (BB003-83) returned a grade of grams per tonne gold (Assessment Report 12077, Figure 4). The vein consists of vuggy quartz with heavy pyrite. A 2 metre wide sericite alteration zone envelopes the vein which is hosted by Eocene quartz diorite. A 60 metre wide molybdenite occurrence is reported in the vicinity of the veins, as fracture coatings accompanied by pyrite, quartz and porphyritic hornblende, in a quartz diorite host rock. The location is not specified (Assessment Report 12077, page 10). Britannia Dyke Property and Surrounding Tenures Google Satellite Image of the Britannia Dyke Property THE HIGHEST SAMPLE RETURNED A GRADE OF GRAMS PER TONNE GOLD GMR Global Mineral Resources Corp. 715 West 68 th Avenue, Vancouver British Columbia, V6P 2T8 Canada 24 Investor Relations Contact: Toll Free: Fax: info@globalmineralresources.com Website: globalmineralresources.com

25 MINFILE Detail Report BC Geological Survey Ministry of Energy, Mines and Natural Gas and Responsible for Housing Location/Identification MINFILE Number: 092L 303 National Mineral Inventory Number: 092L2 Au15 Name(s): BRITANNIA DYKE B-2 FR. (L. 1054) Status: Regions: BCGS Map: NTS Map: Latitude: Longitude: Elevation: Location Accuracy: Showing Mining Division: Alberni Electoral District: North Island British Columbia, Vancouver Island Forest District: Campbell River Forest District 092L L02W UTM Zone: 09 (NAD 83) N Northing: W Easting: metres Within 500M Location of adit on Lot 1054 is 350 metres west of Gold rally. Mineral Occurrence Commodities: Gold, Molybdenum, Copper Minerals Significant: Significant Associated: Alteration: Alteration Type: Mineralization Age: Pyrite, Molybdenite Gold, pyrite in quartz veins. Molybdenite as fracture coatings in porphyrytic diorite. Quartz Sericite Sericitic Unknown Deposit Character: Vein, Stockwork Classification: Hydrothermal, Epithermal, Epigenetic Type: L04: Porphyry Cu +/- Mo +/- Au Shape: Tabular Modifier: Folded Strike/Dip: 060/90 Vein strike northeast to east, dipping steeply. Host Rock Dominant Host Rock: Plutonic Stratigraphic Age Eocene Group Formation Igneous/Metamorphic/Other Catface Intrusions Isotopic Age Dating Method Material Dated 38 +/- 14 Ma Potassium/Argon Biotite Lithology: Quartz Diorite, Porphyritic Hornblende Diorite Biotite from Zeballos (Geological Survey of Canada Paper 74-8). Geological Setting Tectonic Belt: Insular Physiographic Area: Terrane: Wrangell, Plutonic Rocks Vancouver Island Ranges Inventory 25

26 Ore Zone: Category: Sample Type: VEINS Year: 1983 Assay/analysis Report On: No NI : Not Applicable Grab Commodity Grade Gold grams per Copper tonne per cent Highest value from samples of veins in area. Reference: Assessment Report Fig. 4. Capsule Geology The Britannia Dyke vein lies in the Zeballos gold camp, which is underlain by the Lower Jurassic Bonanza Group. The Bonanza Group is an island arc sequence of basaltic to rhyolitic volcanic rocks. Conformably underlying the Bonanza rocks are limestones and limy clastics of the Quatsino and Parson Bay formations, and the tholeiitic basalts of the Karmutsen Formation, all belonging to the Upper Triassic Vancouver Group. Dioritic to granodioritic Jurassic plutons of the Zeballos Intrusion phase of the Island Intrusions have intruded all older rocks. The Eocene Zeballos Stock, a quartz diorite phase of the Catface Intrusions, is spatially related to the areas gold-quartz veins. Bedded rocks are predominantly northwest striking, southwest dipping, and anticlinally folded about a north- west axis. The Britannia Dyke vein occurrences were explored by 2 adits in the 1930's. Three additional veins were sampled in the work reported in Assessment Report The highest sample (BB003-83) returned grams per tonne gold and 0.49 per cent copper (Assessment Report 12077, Figure 4). The vein consists of vuggy quartz with heavy pyrite. A 2 metre wide sericite alteration zone envelopes the vein which is hosted by Eocene quartz diorite. A 60 metre wide molybdenite occurrence is reported in the vicinity of the veins, as fracture coatings accompanied by pyrite, quartz and porphyritic hornblende, in a quartz diorite host rock. The location is not specified (Assessment Report 12077, page 10). Bibliography EMPR ASS RPT *12077 EMPR BULL 20-V; 27, p. 97 EMPR EXPL EMPR FIELDWORK 1982, p. 290; 1983, p. 219 GSC EC GEOL GSC MAP ; 255A; 1028A GSC MEM 204; 272 GSC OF 9; 170; 463 GSC P 38-5; 40-12, p. 21; 69-1A; 70-1A; 72-44; 74-8; GSC SUM RPT 1929A; 1932A CIM TRANS Vol. 42, 1939, pp ; 1948, pp ; 72, pp N MINER Apr., 1938, pp Carson, D.J.T., (1968): Metallogenic Study of Vancouver Island with emphasis on the Relationship of Plutonic Rocks to Mineral Deposits, Ph.D. Thesis, Carleton University, Ottawa Stevenson, J.S. (1938): Lode Gold Deposits of the Zeballos Area Date Coded: 1989/03/06 Coded By: Wim S. Vanderpoll(WV) Field Check: No Date Revised: 1989/05/16 Revised By: Laura L. Duffett(LLD) Field Check: No MINFILE Number: 092L 303 Page 2 of 2 26

27 Ottawa Silver - BC Mineral Tenure # The property is developed on nine levels, 5 of which are serviced by adits driven at vertical intervals of about 30 metres. These workings explore a broad shear/breccia zone in coarse grained, porphyritic Nelson quartz monzonite cut by felsite and lamprophyre dikes. The zone trends nearly north and dips easterly from 25 to 45 degrees. The zone comprises two rather well-defined lodes known as the West or Noble and East or Ottawa veins, respectively. Mining at the surface and underground indicates that these lodes are not exactly parallel, but approach each other towards the south and may join. On the No. 5 level the lodes are about 10 metres apart. Most of the work has been done on the East lode that is 0.6 to 6 metres wide, composed of crushed and broken granite, gouge and vein material - the latter having been stoped in places across a width of as much as 2.4 metres. The West lode is as much as 15 metres wide in places and it is reported to have produced some good ore in the uppermost workings. On No. 8 level, the stoped vein on the West lode, strikes 025 to 040 degrees and dips 20 degrees southeast. The vein is up to 0.3 metres wide - bounded by a sharply defined gouge-filled slip along the footwall and an irregular hanging wall. The East lode on the No. 8 level is strong and composed of about 1 metre of gouge and beccia cemented by quartz. It strikes 170 degrees and dips 30 to 40 degrees east. Total recorded production between 1903 and 1984 amounts to a historical inventory of 26,476 tonnes mined, yielding historical production of 55,940,682 grams of silver, 982 grams of gold, 360,085 kilograms of lead, 12,774 kilograms of zinc and 793 kilograms of copper. Ottawa Property and Surrounding Mineral Tenures Google Satellite Image of the Ottawa Property TOTAL RECORDED PRODUCTION BETWEEN 1903 AND 1984 AMOUNTS TO A HISTORICAL INVENTORY OF 1,798,535 OUNCES SILVER, FROM 26,476 TONNES MINED GMR Global Mineral Resources Corp. 715 West 68 th Avenue, Vancouver British Columbia, V6P 2T8 Canada 27 Investor Relations Contact: Toll Free: Fax: info@globalmineralresources.com Website: globalmineralresources.com

28 MINFILE Detail Report BC Geological Survey Ministry of Energy, Mines and Natural Gas and Responsible for Housing Location/Identification MINFILE Number: 082FNW155 National Mineral Inventory Number: 082F14 Ag54 Name(s): OTTAWA (L.4968) MEMPHIS, OTTAWA FR. (L.6932), BLOSSOM FR. (L.4774), HAMILTON (L.4771), A.B.C. FR. (L.6930), JINNIE (L.4773), TORONTO (L.4772), ALMA B. (L.6922), BILOXIE (L.6929), I WONDER (L.6928), ARICLE (L.6459), MAYETA (L.6460), LOUISVILLE (L.6461), SURVEY FR. (L.6931), FLYETTE (L.6921) Status: Mining Method Regions: BCGS Map: NTS Map: Latitude: Longitude: Elevation: Location Accuracy: Past Producer Underground British Columbia Mining Division: Electoral District: Forest District: Slocan Nelson-Creston Arrow Boundary Forest District 082F F14W UTM Zone: 11 (NAD 83) N Northing: W Easting: metres Within 500M The Ottawa mine is centred on a group of about 20 Crown granted claims and fractions, on the north slope of the valley of Springer Creek, 5 kilometres northeast of Slocan. Access to the mine site is from the Slocan highway via the Springer Creek road. Location is of adits, dumps and buildings. Names also include the Hamilton Fr. (Lot 5986), Mayeta Fr. (Lot 6933) and Biloxie Fr. (Lot 6926). Mineral Occurrence Commodities: Silver, Lead, Zinc, Gold, Copper Minerals Significant: Associated: Mineralization Age: Silver, Argentite, Tetrahedrite, Galena, Sphalerite, Pyrite, Chalcopyrite Quartz, Barite Unknown Deposit Character: Vein, Breccia, Discordant, Disseminated Classification: Epigenetic, Hydrothermal, Mesothermal Type: I05: Polymetallic veins Ag-Pb-Zn+/-Au Shape: Bladed Modifier: Fractured, Sheared Strike/Dip: 360/40E Two veins 350/30 and 030/20 contained within a north-south shear zone. Host Rock Dominant Host Rock: Plutonic Stratigraphic Age Middle Jurassic Group Formation Igneous/Metamorphic/Other Nelson Intrusions Isotopic Age Dating Method Material Dated Lithology: Tectonic Belt: Terrane: Feldspar Porphyritic Granite, Felsite Dike, Lamprophyre Geological Setting Omineca Physiographic Area: Plutonic Rocks, Quesnel Selkirk Mountains Inventory 28

29 No inventory data Mined: Milled: Summary Production Metric Imperial 26,476 tonnes 29,184 9,109 tonnes 10,040 tons tons Recovery Silver 55,940,682 grams 1,798,535 ounces Gold 982 grams 32 ounces Lead 360,085 kilograms 793,852 pounds Zinc 12,774 kilograms 28,162 pounds Copper 793 kilograms 1,748 pounds Capsule Geology The Ottawa mine is centred on a group of about 20 Crown granted claims and fractions, on the north slope of the valley of Springer Creek, 5 kilometres northeast of Slocan. Access to the mine site is from the Slocan highway via the Springer Creek road. The history of the Ottawa mine dates back to 1896 when the Ottawa claim (Lot 4968) was located, however, it was not until 1902 that major development work by a Pittsburg syndicate was attempted. By 1904 the property was developed by 1067 metres of tunnel on 4 levels. It was operated intermittently by the owners until 1908 and then by leasers until In 1913 the group of over 20 claims was acquired by the Consolidated Mining & Smelting Co. Ltd. and extensive development work was carried on until 1918 when the mine was closed and the equipment removed. The workings at this time consisted of 5 adits at vertical intervals of 30.4 metres and a 6th level driven from a shaft. In 1920 a 50-ton per day mill was constructed. Leasers continued to operate the mine until In 1935 the group, consisting of 31 claims, was acquired by the Ottawa Silver Mining & Milling syndicate of Spokane, who, in 1937, built a 100- ton per day flotation plant which burned shortly after. They drove an 8th level as a crosscut for 366 metres and then drifted on the vein. Leasers worked the property intermittently from 1941 to An option on the property was given to Violamac Mines (B.C.) Ltd. in The following year Harrison Drilling and Exploration Co. Ltd. of Vancouver held operating control under an agreement with Violamac Mines. Harrison Drilling and Exploration Co. Ltd. was reorganized in 1953 under the name of Hardex Mines Ltd. and a diamond drilling program was carried out. In 1956 the owners resumed operations. An option on the property was given to the Yukon Western Mining & Prospecting Co. Ltd. of Slocan City in In 1960 the name of this company was changed to Skylane Mines Ltd. Most of the work done at this time was confined to stoping in the West vein on No. 8 level. In 1960 Ottawa Silver Mines Ltd. bought the option from Skylane Vines Ltd. Later in the year an option was given to the Silver Buckle Mining Co. of Wallace, Idaho. This option was dropped in December after a geological examination of the property had been made. A 9th level was started at this time. In 1962 a ventilation raise was driven from No. 8 level to No. 6 level, a distance of approximately 143 metres, following the dip of the vein. In driving the raise, several lenses of very high-grade ore were opened up and subsequently stoped out. The No. 9 level drift was extended to a length of 152 metres. During 1963 and 1964 exploration and development work was carried out on No. 9 level. A 75-ton mill was built in 1963 and put into part time operation in In 1963 the company was reorganized under the name Slocan Ottawa Mines Ltd. In 1980 the mine was owned by the Slocan Development Corporation Limited and leased to C. Thickett and Memphis Mines Ltd. between 1976 and Total recorded production between 1903 and 1984 amounts to 26,476 tonnes mined, yielding 55,940,682 grams of silver, 982 grams of gold, 360,085 kilograms of lead, 12,774 kilograms of zinc and 793 kilograms of copper. The property is developed on nine levels, 5 of which are serviced by adits driven at vertical intervals of about 30 metres. These workings explore a broad shear/breccia zone in coarse grained, porphyritic Nelson quartz monzonite cut by felsite and lamprophyre dikes. The zone trends nearly north and dips easterly from 25 to 45 degrees. The zone comprises two rather well-defined lodes known as the West or Noble and East or Ottawa veins, respectively. Mining at the surface and underground indicates that these lodes are not exactly parallel, but approach each other towards the south and may join. On the No. 5 level the lodes are about 10 metres apart. Most of the work has been done on the East lode that is 0.6 to 6 metres wide, composed of crushed and broken granite, gouge and vein material - the latter having been stoped in places across a width of as much as 2.4 metres. The West lode is as much as 15 metres wide in places and it is reported to have produced some good ore in the uppermost workings. On No. 8 level, the stoped vein on the West lode, strikes 025 to 040 degrees and dips 20 degrees southeast. The vein is up to 0.3 metres wide - bounded by a sharply defined gouge- filled slip along the footwall and an irregular hanging wall. The East lode on the No. 8 level is strong and composed of about 1 metre of gouge and beccia cemented by quartz. It strikes 170 degrees and dips 30 to 40 degrees east. The ore minerals consists mostly of mixture of galena, pyrite, sphalerite and a little chalcopyrite, native silver, argentite and tetrahedrite disseminations in quartz gangue. In some high grade ore, barite is reported to be predominant gangue mineral. Bibliography EMPR AR ,67,68,73; ; ; ,1226; ; ; ,203; ; ,249; MINFILE Number: 082FNW155 Page 2 of 3 29

30 ,214; ; ,273; ,244; ,285; ,420; ,510; ,445; ,516; ,448; ; ; ; ; ; ; ; ,248; ; ; 1935-E32,G51; 1936-E50; 1937-E50; 1938-A37,E31; ,96; ,65,81; ,75; ,73; ,72; ; ,167; ; ; ; ; ,177; ,180; ,143; 1956-A51,99; 1957-A47,57; 1958-A46,49; 1959-A49; 1960-A55,77; 1961-A50,78; 1962-A50,84; A50,79; 1964-A56,127; ; 1967-A55,250; 1968-A55,248; 1969-A56; 1970-A55; 1971-A55; 1972-A55; 1973-A55; 1975-A95; 1976-A104; ; ; EMPR ASS RPT 8311 EMPR BC METAL MM01351 EMPR EXPL EMPR GEM ; ; ; ; EMPR INDEX 3-208; EMPR IR , p. 102; , p. 108; , p. 121; , p. 115; , p. 111 EMPR MINING , Vol. 1, pp. 35, 56, 60, 64, 67, 71, 74 EMPR OF EMPR P EMPR PF (Plan of the Ottawa Mineral Claims (1925); Starr, C.C. (1930): Notes on Mines on Springer and Ten-Mile creeks, in 082FNW152) EMP MP CORPFILE (Ottawa Silver Mining & Milling Syndicate; Slocan Ottawa Mines Ltd.) GSC MAP 272A; 1091A; GSC MEM *184, p ; *308, pp. 133, , Fig. 10 GCNL #193 (Oct.5), 1984 Date Coded: 1985/07/24 Coded By: BC Geological Survey (BCGS) Field Check: No Date Revised: 1997/07/22 Revised By: B. Neil Church(BNC) Field Check: Yes MINFILE Number: 082FNW155 Page 3 of 3 30

31 Enterprise Enterprise Silver - BC Mineral Tenure # The Enterprise mine is second only to the Ottawa mine in the quantity and total value of ore produced in the Slocan City mining camp. The mine is on the south side of the valley near the confluence of Enterprise and Neepawa creeks, 11 kilometres northeast of Slocan. Access to the mine from the Slocan highway is via the Enterprise Creek road. The main vein was discovered in 1894 and mined by Enterprise (B.C.) Mines Co. Ltd. until 1901 and then by lessees. In 1928 the property was purchased by Yankee Girl Consolidated Mines Ltd. which was obliged to close operations in From 1941 to 1943, the property was leased, during which time the mine tailings and dump were re-worked. In 1944 Western Exploration Co. Ltd. purchased the property and operated it until Subsequently, until 1977, there has been intermittent production from a number of mining and salvage operations. Production from the property began in 1896 and records show that 11,067 tonnes of ore was mined by 1977 yielding 32,676,718 grams of silver, 1674 tonnes of lead, 1068 tonnes of zinc, 2041 grams of gold, 445 kilograms of cadmium and 149 kilograms of copper. The Enterprise lode has been developed by nine adits, several intermediate levels and two shafts. One shaft was sunk on the lode about 15 metres above and 90 metres southwest of the uppermost adit, and the other shaft from a point about 10 metres below and a short distance northeast of the lowest adit - the difference in elevation between the collar of the upper shaft and the bottom of the lower shaft being about 335 metres. Enterprise Property and Surrounding Mineral Tenures Google Satellite Image of the Enterprise Property RECORDS SHOW THAT FROM 11,067 TONNES MINED BETWEEN 1896 AND 1977, 1,050,581 OUNCES SILVER WERE PRODUCED GMR Global Mineral Resources Corp. 715 West 68 th Avenue, Vancouver British Columbia, V6P 2T8 Canada 31 Investor Relations Contact: Toll Free: Fax: info@globalmineralresources.com Website: globalmineralresources.com

32 MINFILE Detail Report BC Geological Survey Ministry of Energy, Mines and Natural Gas and Responsible for Housing Location/Identification MINFILE Number: 082FNW148 National Mineral Inventory Number: 082F14 Ag38 Name(s): Status: Mining Method Regions: BCGS Map: NTS Map: Latitude: Longitude: Elevation: Location Accuracy: ENTERPRISE (L.1014) SLOCAN QUEEN (L.1015), RAINBOW FR. (L.14543), IRON HORSE NO. 2(L.5663), SUNSET FR. (L.14541), MILLSITE, MONTEZUMA (L.5405), SUNRISE CROWN, ENTERPRISE FR. (L.4522), SUNRISE FR. (L.14542) Past Producer Underground British Columbia Mining Division: Electoral District: Forest District: Slocan Nelson-Creston Arrow Boundary Forest District 082F F14W UTM Zone: 11 (NAD 83) N Northing: W Easting: metres Within 500M The Enterprise mine on the south side of the valley near the confluence of Enterprise and Neepawa creeks, 11 kilometres northeast of Slocan. Access to the mine from the Slocan highway is via the Enterprise Creek road. Mineral Occurrence Commodities: Silver, Lead, Zinc, Gold, Cadmium, Copper Minerals Significant: Sphalerite, Galena, Tetrahedrite, Pyrargyrite Associated: Quartz, Calcite, Siderite Mineralization Age: Unknown Deposit Dominant Host Rock: Character: Vein Classification: Epigenetic, Hydrothermal, Mesothermal Type: I05: Polymetallic veins Ag-Pb-Zn+/-Au Shape: Tabular Modifier: Faulted Dimension: Plutonic 680x300x0 metres Strike/Dip: 056/72S Dips southeast. Host Rock Stratigraphic Age Group Formation Igneous/Metamorphic/Other Middle Jurassic Nelson Intrusions Isotopic Age Dating Method Material Dated Ma Zircon Zircon Lithology: K-Feldspar Porphyritic Granite, Lamprophyre Geological Setting Tectonic Belt: Terrane: Omineca Quesnel Physiographic Area: Selkirk Mountains 32

33 Metamorphic Type: Grade: Regional Greenschist Relationship: Pre-mineralization Inventory No inventory data Mined: Milled: Summary Production Metric Imperial 11,067 tonnes 12,199 0 tonnes 0 tons tons Recovery Silver 32,676,718 grams 1,050,581 ounces Gold 2,041 grams 66 ounces Lead 1,674,470 kilograms 3,691,574 pounds Zinc 1,067,857 kilograms 2,354,222 pounds Cadmium 445 kilograms 981 pounds Copper 149 kilograms 328 pounds Capsule Geology The Enterprise mine is second only to the Ottawa mine in the quantity and total value of ore produced in the Slocan City mining camp. The property consists of the Enterprise (Lot 1014), Slocan Queen, Rainbow, Iron Horse, Sunset, Millsite, Montezuma and Sunrise Crown granted claims and fractions. The mine is on the south side of the valley near the confluence of Enterprise and Neepawa creeks, 11 kilometres northeast of Slocan. Access to the mine from the Slocan highway is via the Enterprise Creek road. The main vein was discovered in 1894 and mined by Enterprise (B.C.) Mines Co. Ltd. until 1901 and then by lessees. In 1928 the property was purchased by Yankee Girl Consolidated Mines Ltd. which was obliged to close operations in From 1941 to 1943, the property was leased, during which time the mine tailings and dump were re-worked. In 1944 Western Exploration Co. Ltd. purchased the property and operated it until Subsequently, until 1977, there has been intermittent production from a number of mining and salvage operations. Production from the property began in 1896 and 11,067 tonnes of ore were mined by 1977 yielding 32,676,718 grams of silver, 1674 tonnes of lead, 1068 tonnes of zinc, 2041 grams of gold, 445 kilograms of cadmium and 149 kilograms of copper. The Enterprise lode has been developed by nine adits, several intermediate levels and two shafts. One shaft was sunk on the lode about 15 metres above and 90 metres southwest of the uppermost adit, and the other shaft from a point about 10 metres below and a short distance northeast of the lowest adit - the difference in elevation between the collar of the upper shaft and the bottom of the lower shaft being about 335 metres. The rock underlying the property is a light coloured, coarse-grained porphyritic granite of the Nelson batholith. More basic phases of the batholith, found locally in the mine workings, form irregular bodies of varying size that appear to be either digested inclusions or differentiates of the granitic magma. The Nelson rocks are intruded by a few small, hornblende porphyry and olivine-pyroxene lamprophyre dikes. Some of these dikes cut across the Enterprise lode whereas others are pre-mineral and disrupted by the same faults that cut the vein. The main vein, averaging less than 0.3 metre wide, is continuous for more than 600 metres, striking 050 degrees, dipping 60 to 85 degrees southeast. On the upper levels of the mine, the vein is filled with varying proportions of quartz and ore minerals, especially galena and tetrahedrite. On the lower levels, siderite and other carbonate gangue minerals are more abundant than quartz and sphalerite is the predominant ore mineral. Most of the silver is believed to be contained in tetrahedrite and ruby silver. The vein is interrupted by a major fault, or fault zone, and several minor faults and slips. The major fault intercepts the vein nearly at right angles about midway between the two shafts. The zone of faulting is 6 to 9 metres wide, strikes 160 degrees and dips 90 to 75 degrees northeast. The apparent displacement of the vein is about 30 metres to the left. Aside from the extensive developments on the main Enterprise lode, some work has been done on a second lode outcropping 115 metres to the west. In 1927, it had been drifted on for about 45 metres. It is a wide shear zone composed mostly of crushed granitic rock partly cemented by quartz gangue with some calcite. It strikes 040 degrees and dips 70 southeast. In character and width, this lode bears some resemblance to a vein at the Arlington mine (082FNW152) which may be on part of a continuous structure. It seems that both lodes at the Enterprise mine and those on adjoining properties are within a single, wide zone of fissuring, shearing and brecciation, and that to the southwest this zone passes through the Arlington, Speculator (082FNW151) and intervening properties. MINFILE Number: 082FNW148 Page 2 of 4 33

34 The showings were discovered and staked by R. Kirkwood of New Denver and J. McKinnon of Revelstoke in The property was optioned to J.A. Finch in 1895 and development work was carried out in several adits. The Enterprise (Lot 1014) and Slocan Queen (Lot 1015) were Crown-granted to J.A. Finch in Additional claims were subsequently Crown-granted, including the Enterprise Fr. (Lot 4522), Montezuma (Lot 5405), Iron Horse No. 2 (Lot 5663), and Sunset, Sunrise and Rainbow Fractions (Lots ). The London and British Columbia Goldfields, Limited acquired the property and incorporated The Enterprise (British Columbia) Mines, Limited as operator in about A 50 ton-per-day gravity mill was installed, and apparently operated for a period in 1902 with unsatisfactory results. The company ceased operations and lessees worked the property intermittently from 1903 into Further work was carried out from 1924 until 1927 by Messrs. Pilcher, McGuire, and Wragge under an option agreement. The property was acquired by Stobie, Forlong & Company, of Toronto, who incorporated Enterprise Consolidated Mining Company, Limited in February 1928; the company name was changed in September 1928 to Yankee Girl Consolidated Mines, Limited. Development work, mainly on No. 7 level, continued until June 1929 when a fire destroyed equipment housed in the old mill building and operations ceased. No further activity was reported until 1941 when S.N. Ross leased the property and installed a small flotation mill to treat dump material on a seasonal basis. Western Exploration Company, Limited purchased the property in 1944 and disposed of the mill. Development work during 1945 to 1950 was carried out mainly between Nos. 5 and 8 levels. The No. 9 level was driven from the Iron Horse shaft in The company ceased operations in November At that time the workings comprised an estimated 3658 metres of drifts, crosscuts, raises and two shafts about 670 metres apart horizontally. Eight adits and several intermediate levels were driven. The lowest level (No. 9) was driven from the 18.2 metre level of the Iron Horse shaft, which was sunk on an incline to a depth of 96 metres. The mine was reopened in 1967 by J. Gates, and R.J. Forgie, who purchased the property from Western Exploration. In May 1968 Enterprise Silver Mines Ltd. was incorporated to operate the mine; some ore was shipped during the year. Lessees worked the property during The property was held by Enterprise Resources Inc. in Arctex Engineering Ltd. carried out exploration since 1983; diamond drilling was done in 1986 and During 2000 through 2011, Arctex, on the behalf of L.B. Goldsmith completed a programs of geochemical sampling of the former dumps. Bibliography EMPR AR ; ; ,41,47,69; ,535,571; ,1078,1161; ,690; ; ; ; ; ,171; ; ; ; ,284; ; ,510; ,445; ,516; ,448; ; ; ,248; ; ; ,327; ,349; ; ,75; ,73; ; ; ,107; ,167; ; ; ; ; ,175; ,178,180; ,141; ,141; 1955-A49,63; 1956-A51,96,98; ,54, 56; ; ; 1962-A50,82,83; ; ; 1969-A55; 1971-A55; 1972-A54; 1973-A55; ; 1975-A95; 1976-A104; EMPR ASS RPT *7712, 8513, 8953, *14962, 26437, 27140, EMPR BC METAL MM01184 EMPR BULL 29, p. 122 EMPR EXPL ; 1986-C71; ,11 EMPR FIELDWORK 1987, pp , EMPR GEM ; ; ; ; EMPR INDEX 3-195; EMPR MINING , Vol. 1, pp. 32, 56, 60, 64 EMPR OF ; EMPR P , pp. 11,25 EMPR PF (Assays: Main Raise, Enterprise Mine; *Lakes, Arthur (1924): Sketch Plan of the Enterprise Mine; *Starr, C.C. (1944): Report on the Enterprise Mine; Williams, R.M. ( ): Assays: Enterprise Mine; Starr, C.C. ( ): Enterprise Mine: notes of geological reconnaissance over the surface of the property; Starr, C.C. ( ): Letter regarding mine development work, Mammoth Mine, Standard Mine, Enterprise Mine; Starr, C.C. ( ): Letter regarding mine development work, Mammoth Mine, Standard Mine, Enterprise Mine; Starr, C.C. ( ): Letter with property update; Starr, C.C. ( ): Letter regarding mine production values; Starr, C.C. ( ): Statement of ore reserves: request from auditors; Tully, D.W. (1985): Report on Enterprise Group for Enterprise Resources Inc.; see 082FNW152; see 082FNW060) EMR MINES BR OTTAWA RPT 12(1906), p. 225; IR 670(1925), pp (No.223) EMR MP CORPFILE (Yankee Girl Consolidated Mines, Limited; Western Exploration Company, Limited) EMR MRD RES- FILE 167-Z MINFILE Number: 082FNW148 Page 3 of 4 34

35 GSC MAP 272A; 1091A GSC MEM *184, p. 172; 308, pp. 133,142 Date Coded: 1985/07/24 Coded By: BC Geological Survey (BCGS) Field Check: No Date Revised: 2014/05/02 Revised By: Nicole Barlow(NB) Field Check: Yes Monday, February 22, 2016 MINFILE Number: 082FNW148 Page 4 of 4 35

36 The Red and The Fir The Red Silver - BC Mineral Tenure # The property is located on the north side of Little Lichen Mountain, approximately 21.5 kilometres north of the community of Scotch Creek. The area is underlain by sediments and volcanics of the Eagle Bay Formation of Devonian-Mississippian age. The dominant structural trend in the area is 060 degrees with moderate (25-30 degree) dips to the northwest. Phyllitic sediments intercalated with dolomitized and silicified carbonates are overlain by a highly pyritic chlorite schist. Separating the two units is a thin (0.5 metre) conform- able calc-silicate alteration zone. Cutting the phyllitic sediments is a 6 by 9 metre, north- trending, quartz stockwork containing disseminations and irregular pods of galena, sphalerite and pyrite. The stockwork has a sooty black exposed surface. Historical grades from a 1.7 metre chip sample assayed 700 grams per tonne silver, 10.4 per cent lead, 3.53 per cent zinc and 0.6 gram per tonne gold (Bachelor, 1984). In 1988, an assay from a 1.5 metre chip sample returned 0.31 gram per tonne gold, 1,498.4 grams per tonne silver, per cent lead and 5.30 per cent zinc (EMPR Property File - Kane, C.C. ( ): Report on Proposition for Silver Lichen claims). In 1991, two drill holes, totalling metres, were completed to test the down dip stratigraphy. No values were reported. The Fir Silver - BC Mineral Tenure # The property is underlain by sediments and volcanics of the Cambrian to Ordovician Eagle Bay Formation, consisting of limestones, schists and tuffs. Mineralized quartz veins, trending southeast, occur within the volcanics and limestones. The veins carry galena and tetra- hedrite. A 5.0 centimetre wide vein returned an assay of per cent lead and 2976 grams per tonne silver and a 46 centimetre wide vein ran historical estimates of 4.92 per cent lead and 429 grams per tonne silver. The Fir and The Red Mineral Tenures Google Satellite Image of the Red Mineral Property A 1.5 METRE CHIP SAMPLE FROM THE RED RETURNED AN ASSAY OF 1,498.4 GRAMS PER TONNE SILVER GMR Global Mineral Resources Corp. 715 West 68 th Avenue, Vancouver British Columbia, V6P 2T8 Canada 36 Investor Relations Contact: Toll Free: Fax: info@globalmineralresources.com Website: globalmineralresources.com