Magnetometer Survey on the

Transcription

1 42E13NE CASTLEWOOD LAKE 010 Magnetometer Survey on the FOUNDER RESOURCES INC. Conglomerate Lake Property Castlewood Area/ Ontario District of Thunder Bay Oct. 15, 1993 By: Barbara Kowalski

2 INTRODUCTION A magnetometer survey was completed on one half of the Conglomerate Lake property held by Founder Resources Inc.. The property consists of one claim, 15 units in size. The purpose of the survey was to define the magnetic anomalies accurately as was indicated by a large broad anomaly outlined by the airborne magnetometer survey completed by the Ministry of Northern Dev elopment and Mines in The principal objective of the program was to determine if any intrusive rocks with a magnetic signature could be present in the Conglomerate Lake rocks. LOCATION, ACCESS AND INFRASTRUCTURE The property is located 62 km along an all-weather gravel road from Trans Canada Highway 11 and 40 km north from the town of Jellicoe. All facilities as rail transportation, Ontario hydro transmission lines and the Trans Canada natural gas pipe line are all located near the highway. The city of Thunder Bay is located approximately 300 km from the property were major sources for mining operations can be located.

3 JELLICOE BEARDMORE Lake Superior

4 PREVIOUS EXPLORATION WORK The area has a long history of exploration since There are a number of reports and maps of the surrounding property that can be easily located in the Ministry of Northern Development and Mines assessment library located in Thunder Bay. REGIONAL AND PROPERTY GEOLOGY The focus of exploration work of the area was completed to the north and far east of Founder's property in an area dominated by felsic tuffs and lavas that is overlain by the Conglomerate Lake volcanics and sediments. The Conglomerate Lake volcanics are a thick sequence of pillowed submarine lavas that are over lain by the polymictic conglomerates. The conglomerates consist mainly of cobbles of granite, quartz, felsic and matrix of arkosic material. The regional geological map completed by the Ontario Geological Survey Map 2429 suggests that felsic porphyry intrusions may lie in the vicinity of contact with the Conglo merate Lake volcanics and sediments. Founder's approach is to investigate the Conglomerate Lake rocks and particularly any structures that may occur in the area, i.e., the principal Conglomerate Lake fault and any-subsidiary anastomosing splay faults. The splay faults are of particular interest since gold deposits are known to occur in the vicinity of these structures.

5 MAGNETOMETER SURVEY Method of Survey A Scintrex proton MP2 magnetometer was used during the survey. Base stations were utilized along lines 7 + OOE and 11+OOE as indicated in the enclosed map. Any spurious magnetics ob served in the data during the survey were subssequently corrected at the end of each day. 59,000 gammas. Background level was determined to be The magnetometer survey was completed over one half of the?,?^i\*s claim blocko The readings were taken along the 200 foot north- south grid lines and readings were recorded at 50 foot intervals along them. Discussion of Results Six prominent magnetometer anomalies were depicted from the survey. The anomalies present are 1,000 gammas higher and greater above background levels. They are located on lines 1+OOE, 12+OON; 1+OOE, 3+OOS; L5+OOE,6+OON extending through to L7+OOE, 5+OON; L7+OOE 14+OON extending through to L13tOOE, 14+OON; L13+OOE, 5+OON and L7+OOE, 7+OOS. One of these anomalies has an associated magnetic low that occurs on L7+OOE 15+OON and extends through to L9+OOE, 15+OON. The anomlies should be investigated as to determine their cause. It is interpreted however, that they may be attributed to feldspar porphyry in-

6 trusives occurring near the contact between the Conglomerate volcanics to the south and the conglomerates to the north. The magnetic low could be indicative of a sediment which may be deformed, altered and may contain sulphides. RECOMMENDATIONS AND CONCLUSIONS The remaining other half of the property should be completed with the magnetometer survey, followed by VLF-EM and geological survey is required to investigate the magnetic anomalies that have arisen during the survey and accurately define the rock types on the property. AUTHOR'S QUALIFICATIONS I, Barbara Kowalski, am a graduate from McMaster University Hamilton Ontario with a B.Se. in geology, completed in Since that time I have worked for Getty Mines, Ontario Geological Survey Economic Division based out of Geraldton, Metalore Resour ces Ltd. as their chief geologist, Placer Dome Inc., as a con sulting geologist, in gold and natural gas well development. Concurrently, I am completing my M.Se. in geology from Lakehead University and am President of Founder Resources Inc.. Barbara Kowalski

7 tario 42E13NE CASTLEWOOD LAKE 900 Ministry of Ministere du Geoscience Approvals Section Northern Development Developpement du Nord??? ^msey Lake Road..,. K t, 77. 6th Floor and Mines et des Mines Sudbury, Ontario P3E 6B5 Telephone: (705) Fax: (705) January 18, 1994 Our File: Transaction #: W Mining Recorder Ministry of Northern Development and Mines 435 James Street South Suite B003 Thunder Bay, Ontario P7E 6E3 Dear Sir/Madam: Subject: APPROVAL OF ASSESSMENT WORK SUBMITTED FOR GEOPHYSICAL WORK ON MINING CLAIM TB IN THE CASTLEWOOD AREA A Notice of Deficiency was not issued on this Report of Work prior to the 90 day deemed approval date and as outlined in subsection 6(5) of the Mining Act Regulations this Report of Work is deemed approved as of JANUARY 17, If you have any questions regarding this correspondence, please contact Lucille Jerome at (705) Yours sincerely, Ron C. Gashinski Senior Manager, Mining Lands Section Mining and Land Management Branch Mines and Minerals Division cc: Resident Geologist \ Assessment Files Library Thunder Bay, Ontario Toronto, Ontario

8 Ontario Ministry ol Northern Development and Mine* Report of Work Conducted After Recording Claim MlnlnoAct Personal Information collected on thlt form li obtained under the authority of the Mining Act. this collection should be directed lo the Provincial Manager, Mining Land*. Ministry of Northern Development and Mli Sudbury, Ontario. P3E &A5, telephone (705) *4. r.nmci.or, Number p ^ ^ l VJ 3 OY O ** JL ti i about Fourth Floor, 158 Cedar Street, Instructions: - Please type or print and submit In duplicate. - Refer to the Mining Act and Regulations for requirements of filing assessment work or consult the Mining Recorder. - A separate copy of this form must be completed for each Work Group. - Technical reports and maps must accompany this form In duplicate. - A sketch, showing the claims the work Is assigned to, must accompany this form. Recorded Holder(l) Telephone No. Mining Division SI Work Performed (Check One Work Group Only) Towrahlp/Area C.6 OCT. M or 0 Plan No. Total Assessment Work Claimed on the Attached Statement of Costs Note: The Minister may reject for assessment work credit ah or part of the assessment work submitted H the record holder cannot verify expenditures dalmed In th* statement of costs wtthln 90 days of t request for vtriflcatlon. Persons and Survey Company Who Performed the Work (Qlve Name and Address of Author of Report) fcirhcuz ^a^fmia dwatojafr M T&u, dtf ftffct ' (attach a schedule If necessary) Certification of Beneficial Interest * See Note No. 1 on reverse aide Dele 1 certify that at the lime the work wu performed, the clalma covered In thla work repot were recorded In the current holder' ( name or held under a beneficial Inlereat by the current recorded holder. Certification of Work Report ^-* \ 'f ' ' ' J 1 certify that 1 have a penonal knowledge of the facta aet lorlh In Ihla Work report, having performed the work or wltneaaed aame during and/or after Ha completion and annexed report la true. For Office Use Only Total Value Cr. Recorded Received Stamp Deeded Approval Du* l,cw /7/yy Dsle^otice for Amendments Sent Dale Approved KHS1M snot C6.

9 09 Irli Credits you are claiming in this report may be cut back. In order to minimize the adverse effects of such deletions, please indicate from which claims you wish to priorize the deletion of credits. Please mark (^) one of the following: 1. D Credits are to be cut back starting with the claim listed last, working backwards. 2. 3"Crediu are to be cut back equally over all claims contained In this report of work. 3. D Credits are to be cut back as prtorized on the attached appendix. l In the event that you have not specified your choice of priority, option one will be implemented.. l Note 1: Examples of beneficial Interest are unrecorded transfers, option agreements, memorandum of agreements, etc., with respect to the mining claims. Note 2: If work has been performed on patented or tossed land, please complete the following: l certify that the recorded holder had t beneficial interest In the patented or leased land it the time the work wu performed. Signature

10 Ontario t Ministry of Northern Development ind Mines Mi. et re du tppement du Nord mines Statement of Costs for Assessment Credit Iztat des couts aux fins du credit devaluation Mining Act/Loi sur les mines Transaction No./N 0 de transaction Personal information collected on this form is obtained under the authority of the Mining Act. This information will be used to maintain a record and ongoing status of the mining claim(s). Questions about this collection should be directed to the Provincial Manager, Minings Lands, Ministry of Northern Development and Mines, 4th Floor, 159 Cedar Street, Sudbury, Ontario P3E 6A5, telephone (705) Les renseignements personnels contenus dans la presente formule sont recueillis en vertu de la Lo) sur les mines et serviront a tenir a jour un registre des concessions minieres. Adresser toute quesiton sur la collece de ces renseignements au chef provincial des terrains miniers, ministere du Developpement du Nord et des Mines, 159, rue Cedar, 4 e etage, Sudbury (Ontario) P3E 6A5, telephone (705) Direct Costs/CoQts directs Type Wages Salalres Contractor's and Consultant's Fees Drolts de ('entrepreneur et de I'expertconaell Supplies Used Foumltures utlllsees Description Labour Main-d'oeuvre Field Supervision Supervision sur le terrain Type MAfC otl e^ Ge^orV c bfaf-bmcin Type Amount Montan) 4^0?We K?0 Totals Total global T,3^ 2. Indirect Costs/CoDts Indlrects * * Note: When claiming Rehabilitation work Indirect costs are not allowable as assessment work. Pour le remboursement des travaux de rehabilitation, les couts indirects ne sont pas admissibles en tant que travaux d'evaluation. Type Description Type Transportation Transport im&'ri J?(Vl Amount Montan) 1^ 1 Totals Total global Food and Lodging Nourrlture tt hebergement Equipment Rental Location de materiel Type Total Direct Costs - Total des couts directs rrf Mobilization and Demobilization Mobilisation et demobilisation Sub Totsl of Indirect Costs Tots) partial des coots Indlrects Amount Allowable (not greater than 20H of Direct Costs) Montan! admissible (n'excedant paa 20 H des couts directs) Total Value of Assessment Credit (ToUl of Direct and Allowable Indirect maul Valeur totale du credit d'evaluation (Total (Ut eoflti dlracli t IndlricU tdmlmiblm tft?* \fttf S?S?I5?^ o, o\6 Note: The recorded holder will be required to verify expenditures claimed in this statement of costs within 30 days of a request for verification. If verification is not made, the Minister may reject for assessment work all or part of the assessment work submitted. Note : Le titulaire enregistre sera tenu de verifier les depenses demandees dans le present etat des couts dans les 30 jours suivant une demande a cet effet. Si la verification n'est pas effectuee, le ministre peut rejeter tout ou une partie des travaux devaluation presentes. Filing Discounts 1. Work filed within two years of completion is claimed at 1000xb of the above Total Value of Assessment Credit. 2. Work filed three, four or five years after completion is claimed at 50 0Xo of the above Total Value of Assessment Credit. See calculations below: Remises pour depdt 1. Les travaux deposes dans les deux ans suivant leur achevement sont rembourses a 100 "/b de la valeur totale susmentionnee du credit d'evaluation. 2. Les travaux deposes trois, quatre ou cinq ans apres leur achevement sont rembourses a 50 "/o de la valeur totale du credit d'evaluation susmentionne. Voir les calculs ci-dessous. Total Value of Assessment Credit Total Assessment Claimed Valeur totale du credit d'evaluation Evaluation totale demandee x 0.50 = x 0,50 Certification Verifying Statement of Costs l hereby certify: that the amounts snown are as accurate as possible and these costs were incurred while conducting assessment work on the lands shown on the accompanying Repo". of Work form Attestation de I'etat des couts J'atteste par la presente : que les montants indiques sont le plus exact possible et que ces depenses ont ete engagees pour effectuer les travaux d'evaluation sur les terrains indiques dans la formule de rapport de travail ci-joint. that as...- :.:,.-._i_-.~^-_~...- ineco'ded Ho!ae r. Age"!. Pobto" in Compa:,) to make this, certification l am authorized Et qu'a litre de,,^ je suis autorise (titulars enreg'slre. refesentar! posie occupe dans la compagniej a faire cette attestation..dale

11 ro 0 MARTIN LAKE G-79 r h-v-- --it FULLERTON LAKE G-40 R 32 l 5 SI i2?i35i

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