2008 DIAMOND DRILLING PROGRAM: ENID MASSEY PROPERTY SANTRAP & ZED OR GRIDS

Transcription

1 2008 DIAMOND DRILLING PROGRAM: ENID MASSEY PROPERTY SANTRAP & ZED OR GRIDS ENID & MASSEY TOWNSHIPS PORCUPINE MINING DIVISION, ONTARIO, CANADA Laurion Mineral Exploration Inc. 200 Royal Bank Plaza Bay Street Suite 2600 Toronto, ON Canada M5J 2J4 August 15 th, 2008 Prepared By: Caracle Creek International Consulting Inc. 17 Frood Road, Suite 2 Sudbury, Ontario, Canada P3C 4Y Joerg Kleinboeck, B.Sc., P.Geo

2 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids TABLE OF CONTENTS EXECUTIVE SUMMARY INTRODUCTION PROPERTY DETAILS Location and Access Topography and Vegetation Claims PREVIOUS WORK GEOLOGY Regional Geology Property Geology DIAMOND DRILLING PROGRAM Methods Diamond Drilling CONCLUSIONS RECOMMENDATIONS REFERENCES LIST OF FIGURES Figure 1: Location of the Enid Massey Property... 4 Figure 2: Enid-Massey Property... 5 Figure 3: Regional Geology... 9 Figure 3: Property Geology Figure 4: 2008 Drill Hole Locations, Santrap Sector Figure 5: 2008 Drill Hole Locations, Zed Or Sector LIST OF TABLES Table 1: Claim details of the Enid-Massey Property... 6 Table 2: Summary of diamond drill holes, Enid-Massey Property, Winter Table 3: Summary of highest metal concentrations from Winter 2008 drilling LIST OF APPENDICES Appendix I Certificate of Qualifications Appendix II Drill Logs Appendix III Drill Sections Appendix IV Assay Certificates MAPS (back pocket) Map 1: Land Tenure Map 2: Collar Locations and Traces for the 2008 Santrap Drill Program Map 3: Collar Locations and Traces for the 2008 Zed'Or Drill Program Caracle Creek International Consulting Inc. 1 August 15, 2008

3 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids EXECUTIVE SUMMARY Caracle Creek International Consulting Inc. was contracted by Laurion Mineral Exploration Inc. ( Laurion ) to implement a diamond drilling program on their Enid- Massey Property. The Enid-Massey Property ( property ) has potential for Ni-Cu-PGM mineralizatiuon hosted in gabbros, and volcanogenic massive sulphide (VMS) mineralization hosted in mafic and felsic volcanics. The property is located in Enid, Massey, Cote and Fortune Townships in the Porcupine Mining Division, about 35 km west of Timmins, Ontario (Figure 1). It is bounded by UTM NAD83 coordinates 17U E to E and N to N. The property consists of 56 staked mineral claims containing 589 units approximately 9535 Ha in area, as well as 11 contiguous optioned leased mineral claims approximately 176 Ha in area. Diamond drilling commenced on January 16 th, 2008 and was completed by January 31 st, A total of 921 m of diamond drilling was completed in 8 drill holes. The drilling program was designed to test IP anomalies coinciding with previously identified AeroTEM EM anomalies. The program was split into two sectors, Santrap and Zed Or with 5 holes totalling 630 m being completed on the Santrap sector, and 3 holes totalling 291 m on the Zed Or sector. Weakly anomalous copper, nickel, and zinc values were intersected in diamond drill holes SA08-01 and ZE The most significant intersection in terms of base metal mineralization was 7 Au, 2.44 Ag, 239 Cu, 93 Ni, and 1112 Zn over 1.0m in diamond drill hole ZE Caracle Creek International Consulting Inc. 2 August 15, 2008

4 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids 1.0 INTRODUCTION Laurion began to acquire the property in 2005 through staking and option agreements. Several phases of surface and diamond drilling programs have been completed by Laurion on the property. Most of the conductors tested by diamond drilling were explained by the presence of semi-massive to massive sulphides, usually consisting of pyrrhotite with lesser amounts of pyrite. The sulphides are typically anomalous in one or more of Cu, Zn, Ag, and Au. A diamond drilling program was completed on the property from January 16 th to 31 st, 2008, and is the basis of this report. 2.0 PROPERTY DETAILS 2.1 Location and Access The property is located in Enid, Massey, Cote and Fortune Townships in the Porcupine Mining Division, about 35 km west of Timmins, Ontario (Figure 1). The property occurs in NTS 42 A/12 and is bounded by UTM NAD83 coordinates 17U E to E and N to N. The property has been broken up into different sectors. These include the Fortune-Tyche, Santrap, Baktrian, Cote-Bihar, Biaz, Pero, Talaos, Zed Or, Argos West, and Argos East (Map 2). Excellent all year round access to most of the property can be gained from Timmins by driving west on Highway 101 and then turning north onto the Malette Road (also known as the Montcalm Mine Road). The Malette Road is an all weather gravel road, and traverses the Enid-Massey property from about the 31 to 44 km stations. Access to the drill sites reported herein can be reached by a series of trails located off of the Malette Road. A winter road at the 31 km station provided access to the Zed Or grid, and a trail at the 43 km station provided access to the Santrap grid. A full range of services, supplies, and accommodations are provided in the city of Timmins. 2.2 Topography and Vegetation The local terrain is typical of the Precambrian Shield, with low rolling hills and marshy areas. Vegetation on higher ground consists of a variety of hardwoods such as poplar and birch, with coniferous trees that include spruce and balsam. In the lower ground, typically more wet in character, black spruce, tamarack, alder swales, and cedar predominate. Water for exploration purposes is available from beaver ponds, marshes, and small streams that are located on the property. Caracle Creek International Consulting Inc. 3 August 15, 2008

5 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids Snowfall generally begins in November and extends into late March, early April. Lakes are usually passable with adequate ice thickness from late December through to late March. Between 50 and 100 mm of monthly rainfall is normal from April to October. The mean temperature is 13 C in January and 19 C in July. Figure 1: Location of the Enid Massey Property. Caracle Creek International Consulting Inc. 4 August 15, 2008

6 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids Figure 2: Enid-Massey Property 2.3 Claims The property consists of 56 staked mineral claims containing 589 units, or approximately 9535 hectares and 11 contiguous optioned leased mineral claims. The claims are located in Enid, Massey, Cote and Fortune Townships in the Porcupine Mining Division (Figure 2, Table 1). Laurion assembled the property between 2005 and 2007 through option agreements and staking. Laurion is the recorded holder of the claims and has the right to earn 100% undivided interest on the optioned claims subject to 1 to 3% net smelter returns in favour of the original vendors. Caracle Creek International Consulting Inc. 5 August 15, 2008

7 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids Table 1: Claim details of the Enid-Massey Property Claim # Units Township Due Date Work Req d Reserve Cote 2-Mar-10 1, Cote 2-Mar-10 1, Cote 2-Mar-10 1, Enid 11-Mar-10 6, Enid 11-Mar-10 6, Enid 11-Mar-10 6, Fortune 11-Mar-10 3, Fortune 11-Mar-10 6,400 17, Enid 11-Mar-10 3, Enid 11-Mar-10 3, Massey 11-Mar-10 4, Massey 11-Mar-10 3, Massey 11-Mar-10 4, Cote 11-Mar-10 1, Enid 11-Mar-10 1, Fortune 2-May-10 4, Cote 2-May-10 6, Cote 2-May-10 4, Cote 2-May-10 6, Cote 2-May-10 6, Cote 2-May-10 5, Cote 2-May-10 4, Cote 2-May-10 6, Cote 2-May-10 5, Cote 2-May-10 4, Massey 16-May-10 4, Massey 16-May-10 6, Enid 22-Jun-09 6, Enid 22-Jun-09 1, Enid 22-Jun-09 4, Enid 22-Jun-09 6, Enid 22-Jun-09 6, Fortune 22-Jun-09 4, Fortune 22-Jun-09 4, Fortune 22-Jun-09 6, Fortune 22-Jun-09 4, Enid 22-Jun Enid 23-Jun-09 1, Enid 23-Jun-09 2, Massey 23-Jun-09 4, Massey 23-Jun-09 3, Massey 26-Jun-09 1, Massey 26-Jun Massey 26-Jun-09 1, Massey 1-Aug-09 4,800 0 Caracle Creek International Consulting Inc. 6 August 15, 2008

8 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids Enid 17-Jul-09 6,400 61, Massey 1-Aug-09 4, Massey 1-Aug-09 2, Enid 1-Aug-09 6, Enid 1-Aug-09 6, Fortune 28-Nov-09 2, Cote 28-Nov-09 3, Massey 28-Nov-09 1, Massey 28-Nov-09 4,800 15, Turnbull 28-Nov-09 4,800 13, Enid 5-Jan-10 6, Enid 5-Jan-10 2, Enid 8-Jan-10 3, Enid 8-Jan-10 4, Enid 8-Jan-10 2, Enid 8-Jan-10 3, Enid 8-Jan-10 2, Fortune 8-Jan-10 6,400 2, Fortune 30-Aug , PREVIOUS WORK 1930: Hollinger Mines optioned the property from prospector George Sweet located in Laurion s Baktrian sector. The property contained two Cu-Ni showings to Hollinger Mines. Hollinger drilled four shallow diamond drill holes, one under the northwestern showing and three under the southeastern showing. Results are unkown. 1952: Hollinger Mines again optioned the above property from A. Lepic and E. Gagnon of Timmins, Ontario, and carried out geologic mapping, ground magnetometer surveys and limited trenching. 1955: Dominion Gulf Company staked the area above area and during 1955 and 1956 carried out detailed geological mapping and ground magnetometer surveys. Authors of both reports concluded that the gabbros in the area had potential for containing sulphide deposits, especially along the contact between the gabbro and the greenstone, and both authors recommended doing an EM survey. There is no indication that the recommendations were followed up. 1964: Magnet Consolidated, Yukeno and New Rouyn Merger Mines Ltd. carried out ground Magnetic, Sharpe SE-200 EM and Ronka Mark IV EM on a portion of 17 claims located in the area of Laurion s Argos sector. At least one attractive EM conductor was found and a program of geochemical soil sampling was recommended. There is no indication of further work. Caracle Creek International Consulting Inc. 7 August 15, 2008

9 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids 1965: Globe Exploration & Mining Company Ltd. carried out soil sampling on the area of Laurion s Argos Sector. No geochemical anomalies of interest were reported. A ground magnetic and EM survey was also completed. Three diamond drill holes totaling 1500 feet were completed. The core was logged as mainly greywacke with minor granitic rocks. References to the presence of pyrite, pyrrhotite, quartz and chalcopyrite, were noted, but no indications of probable concentrations. Only 7 samples were submitted for assay, and results are not known. 1965: Mespi Mines Limited carried out regional airborne geophysical surveys in the northeast corner of Enid Township, including a portion of the northeast corner of the Baktrian Sector, and the Santrap sector. The south-central part of the survey over flew LME s Santrap Sector, and located only two weak conductors. They did not follow up on these conductors. 1977: Noranda Exploration Co. Ltd drilled two short X-Ray drill holes into the Santrap sector. Exact location is unknown but is believed to be near current hole SA They reported basalt, silicified tuff, felsic porphyries, oxide iron formation and a few narrow sections display fair conductivity They found up to 5% sulphide mineralization, chiefly pyrite with some chalcopyrite. Their drill logs show only two samples assayed, one of which is weakly anomalous in Ag, Cu and Zn : Laurion Mineral Exploration Inc. carried out an AeroTEM geophysical survey, completed linecutting, and ground geophysics consisting of MaxMin II, magnetics, and IP. Twenty six diamond drill holes were completed in the Santrap, Argos, Baktrian, and Biaz sectors. Anomalous Cu, Zn, Ag and Au values were intersected. 4.0 GEOLOGY 4.1 Regional Geology Supracrustal rocks of the area belong to the Kamiskotia Volcanic Complex (KVC), a bimodal assemblage, including tholeiitic basalts and subordinate basaltic andesites and andesites, and high silica rhyolites. The KVC is intruded by a large layered tholeiitic intrusion known as the Kamiskotia Gabbroic Complex (KGC). The northern part of the KGC is, in turn, intruded by a large, oval shaped granophyric body which may be coeval with the KGC and may be the uppermost, volatile-rich portion of the same body (Barrie, 2000) Four volcanogenic copper-zinc+/-silver+/-gold deposits, including the Kam-Kotia Mine have been mined from rocks of the KVC. Caracle Creek International Consulting Inc. 8 August 15, 2008

10 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids Figure 3: Regional Geology 4.2 Property Geology Much of the Enid-Massey property is underlain by the northern portion of the Kamiskotia Gabbroic Complex. In this area the KGC consists of Upper Zone mesocumulus and orthocumulus gabbronorites and ferroan gabbronorites (Barrie, 2000). In northeastern Enid township it is common to find coarse grained pegmatoid leucogabbros with frequent massive to near massive clots many cm in diameter consisting of magnetite or ilmenite, or a mixture of the two. Rarely, lensoid concentrations of near massive pyrrhotite contain up to 1.5% combined Cu-Ni. Due to a lack of exploration and large areas covered by swamp or glacial outwash sands, little is know of the volcanic rocks surrounding the KGC. It may be reasonably assumed that the KVC wraps around the north and west portions of the gabbro and may have similar potential for volcanogenic massive sulphide deposits as found in the Kam-Kotia Mine area (Tihor, 2007). Caracle Creek International Consulting Inc. 9 August 15, 2008

11 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids Figure 3: Property Geology DIAMOND DRILLING PROGRAM 5.1 Methods A total of 8 diamond drill holes, totalling 841 m of drill core (Table 2), were completed on the property between January 16 th and 31 st, The program was split into two sectors, Santrap and Zed Or with 5 holes totalling 630 m being completed on the Santrap sector, and 3 holes totalling 291 m on the Zed Or sector. The drill holes completed on the Santrap sector include SA08-01 through to SA08-05, and the drill holes completed on the Zed Or sector include ZE08-01 through to ZE Map 3, located in the back pocket of this report, provides the drill hole locations and their respective projections to surface. Most of the holes were situated along cut grid lines using grid coordinates to locate the collars. Collars were surveyed by hand held GPS after the drill rig was moved off of the collar. A Flexit survey was used to measure the spatial relationships to the drill holes ( Drill core (NQ = 4.76cm diameter) was transported from the drill site by skidder and later by pickup truck to the core shack on the Davidson-Tisdale Mine site. Prior to transportation, the core boxes were fitted with lids and wired closed. Once on the core shack, the core was unloaded and put into a metal rack for storage prior to logging. All Caracle Creek International Consulting Inc. 10 August 15, 2008

12 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids eight diamond drill holes were logged, and the detailed logs for holes SA08-01 through to SA08-05, and ZE08-01 through to ZE08-03 can be found in Appendix II. The logging data was directly entered in an Excel spreadsheet using a laptop computer. Cross sections and assay certificates are provided in Appendix III and Appendix IV respectively. Table 2: Summary of diamond drill holes, Enid-Massey Property, Winter DDH Easting Northing ELEV (m) AZ DIP LENGTH (m) SA SA SA SA SA ZE ZE ZE A total of 176 core samples were submitted for analysis. Samples were cut and sampled using a table mounted hydraulic splitter. Over the sample interval, one half of the core was placed into individual labelled plastic bags with a corresponding sample tag inserted. The bags were then stapled shut, and placed into burlap bags. The samples were then delivered by a logistics company to Accurassay Laboratories processing facility in Lively, Ontario. Once the core had been logged and sampled, metal tags were attached inscribed with the hole number, box number, and corresponding interval. The core was then cross piled and stored on the mine site. Core samples were prepared and assayed selectively for base and precious metals by Accurassay Laboratories in Thunder Bay, Ontario. Platinum, palladium, and gold were done using fire assay (lead collection). Base metals were completed by using an Aqua Regia dissolution with an ICP (Inductively Coupled Plasma) finish. Alternating blank and standard check samples were submitted over the intervals at every tenth sample as a quality control measure. Of the 176 samples that were submitted, 9 samples were standards, and 8 were blanks. The standard that was used was CDN-SE-2 and was purchased at Canadian Resource Laboratories located in Vancouver, B.C. The details of the standard are found in Appendix IV, Assay Certificates. 5.2 Diamond Drilling The drilling program was designed to test IP anomalies coinciding with previously identified AeroTEM II EM anomalies. The program was split into two sectors, Santrap and Zed Or with 5 holes totalling 630 m being completed on the Santrap sector, and 3 holes totalling 291 m on the Zed Or sector. Caracle Creek International Consulting Inc. 11 August 15, 2008

13 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids Drill holes SA08-01 through to SA08-05 were collared on the Santrap grid, and ZE08-01 through to ZE08-03 were collared on the Zed Or grid. Diamond drill hole SA08-01 was collared at 2+00W, 5+35N. The hole was drilled with an azimuth of 210 and dip of -50. The hole was drilled to a depth of m. Sulphides consisted dominantly of trace to 1% finely disseminated and remobilized pyrite and pyrrhotite. No significant values were returned. Diamond drill hole SA08-02 was collared at 5+00W, BL 0. The hole was drilled with an azimuth of 180 and dip of -50. The hole was drilled to a depth of m. Sulphides consisting of up to 1% disseminated pyrite and chalcopyrite were intersected from 42.3 to 45.0 m. No significant values were returned. Diamond drill hole SA08-03 was collared at 1+00W, 9+70N. The hole was drilled with an azimuth of 210 and dip of -50 to a depth of 99.5 m. Sulphides consisting of pyrite and pyrrhotite up to 5% over 40cm were intersected, as well as some more minor sections. No significant values were returned. Diamond drill hole SA08-04 was collared at 1+00W, 11+70N. The hole was drilled with an azimuth of 210 and dip of -50 to a depth of m. A 4.9 m long section hosted in a felsic tuff contained up to 2% disseminated and wispy pyrrhotite and pyrite. No significant values were returned. Diamond drill hole SA08-05 was collared at 4+00E, 8+35N. The hole was drilled with an azimuth of 210 and dip of -50 to a depth of 93.5m. Minor sulphide mineralization was observed. No significant values were returned. Diamond drill hole ZE08-01 was collared at L7+00E, 2+65N. The hole was drilled with an azimuth of 000 and dip of -50 to a depth of m. Minor sulphide mineralization consisting of disseminated and wispy pyrite and pyrrhotite was noted. No significant values were returned. Diamond drill hole ZE08-02 was collared at L7+00E, 3+90N. The hole was drilled with an azimuth of 000 and dip of -50 to a depth of m. Up to 5% disseminated to locally net-textured pyrrhotite and pyrite was noted. No significant values were returned. Diamond drill hole ZE08-03 was collared at L9+00E, 2+70N. The hole was drilled with an azimuth of 000 and dip of -50 to a depth of 89.0 m. Up to 8% locally disseminated and wispy pyrrhotite and pyrite hosted in a felsic volcanic were intersected. No significant values were returned. Figure 4 and 5 display the drill hole locations from the recently completed drilling program. Caracle Creek International Consulting Inc. 12 August 15, 2008

14 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids -M Table 3: Summary of highest metal concentrations from Winter 2008 drilling. DDH From (m) To (m) Int (m) Au () Ag () Cu () Ni () Zn () SA ZE ZE ZE (> i7 y Figure 4: 2008 Drill Hole Locations, Santrap Sector.,,-, (ccoe = Caracle Creek International Consulting Inc. 13 August 15, 2008

15 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids D looo l~ \-, Figure 5: 2008 Drill Hole Locations, Zed Or Sector. (ccoe Caracle Creek International Consulting Inc. 14 August 15, 2008

16 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids 6.0 CONCLUSIONS The principal conclusions of the Winter 2008 Enid Massey Property drilling program are as follows: 1) The drilling of the ground IP anomalies for the most part was explained by the presence of disseminated to banded sulphides. Drill hole SA08-01 and ZE08-01 intersected anomalous zones of copper, nickel, and zinc mineralization. 7.0 RECOMMENDATIONS The following recommendations can be made on the basis of the Winter 2008 exploration program completed in on the Santrap and Zed Or sectors: 1) No further work is recommended on these two sectors. Further work on the property should concentrate along the northern part of the property and in the Cote-Bihar sector in the area of the C-9 sulphide showing. Caracle Creek International Consulting Inc. 15 August 15, 2008

17 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids 8.0 REFERENCES Barrie, C.T Geology of the Kamiskotia area; Ontario Geological Survey, Study 59, 79 p. Tihor, L.A A Report on the Laurion Mineral Exploration Inc Diamond Drilling Program, Enid-Massey Project. Wolfe, W.J Distribution of copper, nickel, cobalt, and sulphur in mafic intrusive rocks of the Kamiskotia-Whitesides area, District of Cochrane; Ontario Department of Mines, Miscellaneous Paper 44, 29 p. Caracle Creek International Consulting Inc. 16 August 15, 2008

18 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids Appendix I Statement of Qualifications (ccoe Caracle Creek International Consulting Inc. 17 August 15, 2008

19 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids STATEMENT OF QUALIFICATIONS I, Joerg Martin Kleinboeck of 800 Peninsula Road, North Bay, Ontario, do hereby certify that: I am a practising consulting geologist with Caracle Creek International Consulting Inc. of Sudbury, Ontario. I am a graduate of Laurentian University, Sudbury, Ontario with a B.Sc. Geology, 2000, and have been practising my profession as a geologist since. I am a member with the Association of Professional Geoscientists of Ontario (#1411). I am a member of the Prospectors & Developers Association of Canada (PDAC). I have an active prospector s license for the province of Ontario (# ). I hold no interests in the properties or securities of Laurion Mineral Exploration Inc. Joerg Martin Kleinboeck August 15 th, 2008 North Bay, Ontario Caracle Creek International Consulting Inc. 18 August 15, 2008

20 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids Appendix II Drill Logs Caracle Creek International Consulting Inc. 19 August 15, 2008

21 LAURION MINERAL EXPLORATION INC. Diamond Drill Hole SA Property Enid-Massey Property Depth Tool Azi. Cor. Azi. Dip Mag. Location Santrap NA Elev. Collar: 334m Claim # Datum NAD83 Grid Coord: L2+00W, 5+35N Date Started 16/1/2008 UTM: E, N Date Completed 18/1/2008 Azimuth/Dip 210/-50 Drilled by Lafreniere Drilling Total Depth 153.0m NQ core size Logged by J.Kleinboeck Core stored on Davidson Tisdale Mine Property Sheet: 1 of 3 Interval (meters) Sample Sample Interval (m) Assays From To Formation Number From To Au() Ag() Cu() Ni() Zn() OB - Overburden, Casing driven to 28.0m, left in hole FP11 - Quartz-Feldspar Porphyritic Dyke pinkish grey, medium grained, massive to moderately 35 deg TCA local irregular shaped fragments of dark grey fine grained mafic basalt attenuated parallel to foliation unmineralized, non-magnetic lower contact gradiational, partially digested VF(TUF) - Felsic Tuff white to grey, very fine grained to aphanitic, strongly silicified, well 45 deg TCA trace diss py, generally unmineralized non-magnetic lower contact broken VM1(TUF,SIL) Basalt grey to green, very fine grained silicified mafic tuffs with minor interbedded felsic tuffs <1cm in thickness < fractures 3-5/m, 30 & 45 deg TCA moderate quartz + carbonate veinlets throughout local trace disseminated pyrite associated with quartz + carbonate veinlets, and along chorite slips < non-magnetic < heavily fractured from m m grey to green mg moderately foliated diabase 40 deg TCA Standard CDN-SE fault zone from m, locat chloritic gouge <

22 Property Enid-Massey Property LAURION MINERAL EXPLORATION INC. Diamond Drill Hole SA Sheet: 2 of 3 Interval (meters) Formation Sample Sample Interval (m) Assays From To Number From To Au() Ag() Cu() Ni() Zn() lower contact 40 deg TCA < m white and grey quartz-feldspar porphyry dyke with quartz stringers, minor remobilized py < m weak to moderate pervasive epidote < m 1% finely disseminated pyrite, locally up to 3% m pinkish grey fine grained quartz/feldspar porphyritic 30 deg TCA m pinkish grey fine grained quartz/feldspar porphyritic 70 deg TCA with irregular 5cm thick quartz vein at lower contact VM1 -Basalt Blank 6 < grey to green, medium to coarse grained, massive to weakly ~45 deg < felsic tuffs <1cm in thickness fractures 3-4/m, 45, 60, & 75 deg TCA minor quartz + carbonate veining associated with fractures lower contact 30 deg TCA < FP11 - Quartz-Feldspar Porphyritic Dyke white & grey medium grained massive quartz-feldspar dyke generally unmineralized % local angular fragments of basalt from m, % fragments and size increasing Standard CDN-SE towards lower contact lower contact gradational but abrupt VM1 -Basalt grey to green, medium to coarse grained, weakly ~45 deg. lower contact 45 deg TCA local minor FP11 veinlets , m - milky white quartz veining with 3% remobilized po+py 1% diss py throughout, preferentially aligned to foliaiton non-magnetic VM1 (Tuff) - Interbedded Mafic and Felsic Tuffs dark green to black vfg interbedded mafic and felsic tuffs

23 Property Enid-Massey Property LAURION MINERAL EXPLORATION INC. Diamond Drill Hole SA Sheet: 3 of 3 Interval (meters) Formation Sample Sample Interval (m) Assays From To Number From To Au() Ag() Cu() NI() Zn([) 2-3% diss py+po, strongly magnetic lower contact sharp at 30 deg, marked by 3cm thick carbonate filled fault with 30% angular mafic fragmants <5mm in size VM - Basalt dark grey very fine grained mafic and felsic flows and tuffs, sections of well developed feldspar phenocrysts 2-3mm in size, local sections of strong pervasive silicification associated with mafic volcanics. Local interbeds of very fine grained felsic tuffs and dark grey to black quartz-feldspar dykes Blank bedding generally at 50 deg TCA local weak quartz + carbonate veining at various angles TCA, generally along fractures and II to bedding unmineralized with local trace diss and fracture-filled py VM1 (Tuff) interbedded very fine grained mafic and felsic tuffs. generally unmineralized m -15cm thick qtz 35 deg TCA with 1% diss to blebby remobilized po m

24 LAURION MINERAL EXPLORATION INC. Diamond Drill Hole SA Property Enid-Massey Property Depth Tool Azi. Cor. Azi. Dip Mag. Location Santrap NA Elev. Collar 346m Claim # Datum NAD83 Grid Coord: L5+00W / Date Started 23/1/2008 UTM: E, N Date Completed 25/1/2008 Azimuth/Dip 180/-50 Drilled by Lafreniere Drilling Total Depth 177.0m NQ core size Logged by J.Kleinboeck Core stored on Davidson Tisdale Mine Property Sheet: 1 of 3 Interval (meters) Sample Sample Interval (m) Assays From To Formation Number From To Au() Ag() Cu() Ni() Zn() OB - Overburden, Casing driven to 3.0m, left in hole VM (TUF) - Mafic Tuff dark green fine to medium grained mafic tuff with minor sections of massive mafic flows and local interbedded felsic tuffs bedding/foliation well 50 deg TCA local quartz veinlets up to 10 cm in with, generally <1cm m dark green to black vfg plag phyric diabase 55 deg TCA. Plag phenos up to 1cm in size m - 20% quartz and mottled quartz+kspar 45 deg TCA m - moderate pervasive epidote + sericite m - generally unmineralized with trace py along fractures and remobilized with quartz veins m - 1% diss + wispy py < m - 2-3% diss py + cp associated with ~40cm mottled quartz+kspar vein m - trace diss py lower contact sharp but broken VM - Basalt dark green fine grained massive to foliated mafic flow Blank <5 <1 5 <1 <1 foliated sections at 50 deg TCA, non-mineralized lower contact 45 deg TCA VM(TUF) - dark green fine grained mafic tuff with 20% interbedded siliceous felsic tuffs irregular quartz vein from m with 30% blebby py+po , , m - grey quartz porphyry 45 deg TCA occasional quartz veinlets <2cm in thickness

25 Property Enid-Massey Property LAURION MINERAL EXPLORATION INC. Diamond Drill Hole SA Sheet: 2 of 3 Interval (meters) Formation Sample Sample Interval (m) Assays From To Number From To Au() Ag() Cu() Ni() Zn() m - heavily fractured < m - isolated bleb of py in quartz trace diss and fracture filled pyrite, local remobilized py and po in quartz, unit is generally STD CDN-SE unmineralized lower contact gradational over 25cm bedding well 45 deg TCA m - strong pervasive and banded epidote VM - Basalt dark green fine grained foliated mafic flow with interbedded mafic tuffs foliation well 55 deg TCA m cm quartz 45 deg TCA generally unmineralized Blank <5 < local quartz + carb vienlets generally 2-3mm, up to 1cm in width oriented parallel to bedding/foliation lower contact marked by 10cm quartz vein < VM (TUF) < dark green very fine grained mafic tuff with 30% interbedded very fine grained to aphanitic felsic tuffs bedding dominantly well 55 deg TCA < generally unmineralized except for local remobilized po+py in quartz veins, minor trace diss to wispy < m < m - long open curvy 0 deg TCA, broken core < m - grey feldspar porphyry 55 deg TCA lower contact gradational VM (TUF) dark green very fine grained mafic tuff bedding well deg TCA local quartz veining generally 1cm or less in width, occasionally up to 10cm , m - grey feldspar porphyry 50 deg TCA m - grey porphyry 70 deg with 2% blebby po non-mineralized lower contact 55 deg TCA

26 Property Enid-Massey Property LAURION MINERAL EXPLORATION INC. Diamond Drill Hole SA Sheet: 3 of 3 Interval (meters) Formation Sample Sample Interval (m) Assays From To Number From To Au() Ag() Cu() Zn() Zn(%) VF (TUF) - Felsic Tuff grey and pinkish well bedded felsic tuff with occasional feldspar porphyritic dykes <25 cm in width bedding well 55 deg TCA m - dark grey to black feldspar porphyry 55 deg TCA , m - grey feldspar porphyry 50 deg TCA generally unmineralized, local trace py along fractures 177.0m

27 LAURION MINERAL EXPLORATION INC. Diamond Drill Hole SA Property Enid-Massey Property Depth Tool Azi. Cor. Azi. Dip Mag. Location Santrap NA Elev. Collar 334m Claim Datum NAD83 Grid Coord: L1+00W / 9+70N Date Started 19/1/2008 UTM: E, N Date Completed 20/1/2008 Azimuth/Dip 210/-50 Drilled by Lafreniere Drilling Total Depth 99.5m NQ core size Logged by J.Kleinboeck Core stored on Davidson Tisdale Mine Property Sheet: 1 of 2 Interval (meters) Sample Sample Interval (m) Assays From To Formation Number From To Au() Ag() Cu() Ni() Zn() OB - Overburden, Casing driven to 9.0m, left in hole VM1 - Basalt dark grey to green fine to medium grained massive to fol'd mafic flow with minor interbedded felsic tuffs heavily fractured from m local weak pervasive quartz + carbonate veinlets <1cm in thickness throughout fol'n moderately developed from m non-magnetic, trace pyrite along fractures, generally unmineralized. minor quartz veining throughout <10cm in thickness. lower contact broken VM(TUF) - Mafic Tuff green very fine grained mafic tuff with 10-15% interbedded silicified felsic tuff trace diss py, generally unmineralized bedding well 45 deg TCA, moderate quartz carb veining <1cm in thickness dominantly < oriented parallel to bedding. Non-magnetic heavily fractured from m m - white and grey quartz-feldspar porphyry 40 deg TCA Standard - CDN-SE m - 5% stringer po+py m - strong pervasive biotite m - irreg quartz vein with local kspar and remobilized trace cp m - 3cm thick irreg qtz vein with 5% remobilized po+cp m - 6cm thick irreg atv vein 20 deg with 20% remobilized blebby po+cp as m - 5% stringer po+ py in host rock lower contact 45 deg TCA

28 Property Enid-Massey Property LAURION MINERAL EXPLORATION INC. Diamond Drill Hole SA Sheet: 2 of 2 Interval (meters) Formation Sample Sample Interval (m) Assays From To Number From To Au() Ag() Cu() Ni() Zn() VM1 -Basalt green fine grained, moderately foliated mafic flow with 30% interbedded pinkish grey siliceous felsic tuffs deg TCA minor quartz + carbonate +/- sericite veinlets and fracture fills dominantly oriented II to fol'n. local white feldspar phenocrysts up to 4mm in size m, m - grey feldspar porhyritic ~ 40 deg TCA m - local po+py stringers <0.5% m - 5% po+py stringers associated with siliceous felsic tuff bed. Local net-textured po m - generally unmineralized, local occasional py+po stringer 99.5m

29 LAURION MINERAL EXPLORATION INC. Diamond Drill Hole SA Property Enid-Massey Property Depth Tool Azi. Cor. Azi. Dip Mag. Location Santrap NA Elev. Collar 335m Claim# Datum NAD83 Grid Coord: L1+00W / 11+70N Date Started 20/1/2008 UTM: E, N Date Completed 21/1/2008 Azimuth/Dip 210/-50 Drilled by Lafreniere Drilling Total Depth 107.0m NQ core size Logged by J.Kleinboeck Core stored on Davidson Tisdale Mine Property Sheet: 1 of 2 Interval (meters) Sample Sample Interval (m) Assays From To Formation Number From To Au() Ag() Cu() Ni() Zn() OB - Overburden, Casing driven to 6.0m, left in hole VM1 - Basalt dark grey to green fine to medium grained massive to fol'd mafic flow with minor interbedded felsic tuffs local quartz veinlets from 1mm to 20cm in width m - non-mineralized m - 1% diss & banded py associated with felsic tuff m - trace py fracture fills, and remobilized po+py in quartz veining m - non-mineralized m - moderate epidote associated with quartz veining m - heavily fractured lower contact 40 deg TCA VF(TUF) - Felsic Tuff grey very fine grained felsic tuff bedding well 40 deg TCA, moderate quartz carb veining <0.5cm in thickness oriented oblique and II to bedding, 0.5% po+py wisps at upper contact, generally unmineralized lower contact 40 deg TCA VM1 - Basalt white and green medium grained weakly to moderately foliated mafic flow with 15% local interbedded felsic 40 deg TCA. generally unmineralized with local m - weak pervasive garnets up to 2mm in diameter. lower contact 55 deg

30 Property Enid-Massey Property LAURION MINERAL EXPLORATION INC. Diamond Drill Hole SA Sheet: 2 of 2 Interval (meters) Formation Sample Sample Interval (m) Assays From To Number From To Au() Ag() Cu() Ni() Zn() VF(TUF) - Felsic Tuff grey very fine grained felsic tuff with 10% interbedded mafic tuffs <10cm in thickness bedding well 45 deg TCA Blank 9 <1 3 <1 <1 local quartz veining <1cm in thickness < m - 1-2% diss, banded, and wispy po+py lower contact 45 deg TCA VM1 - Basalt < green fine grained massive to moderately foliated mafic flow local quartz and quartz+carb veinlets at various angles TCA m - moderate irregular quartz flooding m - 5cm quartz 70 deg TCA m - heavily fractured m - heavily fractured 86.2m - 2cm thick quartz+carb 40 deg TCA m - quartz 25 deg TCA with 5-7% blebby po, tr cp m - generally unmineralized with trace diss py+po and fracture filled py m - generally unmineralized with trace diss py+po and fracture filled py m - 70% quartz veinlets 107.0m

31 LAURION MINERAL EXPLORATION INC. Diamond Drill Hole SA Property Enid-Massey Property Depth Tool Azi. Cor. Azi. Dip Mag. Location Santrap NA Elev. Collar 370m Claim # Datum NAD83 Grid Coord: L4+00E / 8+35N Date Started 22/1/2008 UTM: E, N Date Completed 23/1/2008 Azimuth/Dip 210/-50 Drilled by Lafreniere Drilling Total Depth 93.5m NQ core size Logged by J.Kleinboeck Core stored on Davidson Tisdale Mine Property Sheet: 1 of 2 Interval (meters) Sample Sample Interval (m) Assays From To Formation Number From To Au() Ag() Cu() Ni() Zn() OB - Overburden, Casing driven to 3.0m, left in hole VM (TUF) - Mafic Tuff dark green fine to medium grained mafic tuff with minor interbedded felsic tuffs local quartz veinlets <1cm in width II and oblique to bedding bedding well 40 deg TCA generally unmineralized with trace py along fractures lower contact 40 deg TCA VM (TUF) - Mafic Tuff dark grey very fine grained mafic and felsic tuffs strong pervasive silicification throughout. local quartz veinlets at various angles TCA <3mm in thickness generally unmineralized with trace py along fractures and trace remobilized py assoc with quartz veinlets m - white and pink medium grained feldspar porphyry dyke m - 10cm thick quartz 15 deg TCA heavily fractured from m lower contact 35 deg TCA VM - Basalt dark green fine graind foliated mafic flow foliation 50 deg TCA 25.2m - 5cm qtz 60 deg TCA local quartz veining generally <1cm in thickness oriented II to foliation heavily fractured from m, m

32 Property Enid-Massey Property LAURION MINERAL EXPLORATION INC. Diamond Drill Hole SA Sheet: 2 of 2 Interval (meters) Formation Sample Sample Interval (m) Assays From To Number From To Au() Ag() Cu() Ni() Zn() lower contact broken VM (TUF) - Mafic Tuff dark grey very fine grained mafic tuff strong pervasive silicification throughout. non-mineralized lower contact 40 deg TCA VM - Basalt green medium to coarse grained massive to foliated mafic flow heavily fractured from m moderate pervasive chlorite throughout m - dark green to black plag-phyric diabase dyke, feldspar phenos up to 1cm in size contacts unclear non-mineralized lower contact gradational but abrupt 57.3m - 3-4mm quartz veinlets with remobilized 0-5 deg TCA m - as from m, contacts 40 deg TCA. lower contact 45 deg TCA VF (TUF) - Felsic Tuff < white to grey silicified felsic tuff bedding well 45, variable between 40 and 55 deg TCA local weak pervasive bands of garnets up to 2mm in size, local banded epidote % diss to banded po+py+hem (strongly magnetic) Standard CDN-SE lower contact 45 deg TCA VM - Basalt green medium to coarse grained massive to foliated mafic flow heavily fractured from m, m, m non-mineralized m - strong pervasive biotite about quartz veins with minor remobilized py. 93.5m

33 LAURION MINERAL EXPLORATION INC. Diamond Drill Hole ZE Property Enid-Massey Property Depth Tool Azi. Cor. Azi. Dip Mag. Location ZED'or NA Elev. Collar 300m Claim # Datum NAD83 Grid Coord: L7+00E / 2+65N Date Started 27-Jan-08 UTM: E, N Date Completed 28-Jan-08 Azimuth/Dip 360/-50 Drilled by Lafreniere Drilling Total Depth 102.0m NQ core size Logged by J.Kleinboeck Core stored on Davidson Tisdale Mine Property Sheet: 1 of 2 Interval (meters) Sample Sample Interval (m) Assays From To Formation Number From To Au() Ag() Cu() Ni() Zn() OB - Overburden, Casing driven to 25.0m, left in hole Standard CDN-SE VF (TUF) -Felsic Tuff < grey and green fine grained well bedded felsic tuff with lesser amounts of of interbedded mafic tuffs < and massive flows. Local minor mafic and feldspar porphyritic dykes throughout < bedding well deg TCA, local beds folded and truncated <5 < heavily fractured/broken core from m, m, m, m, m <5 < , m - dark green to black very fine grained mafic dykes at 80 and 70 deg TCA < m - 2cm feldspar porphyry 65 deg TCA < weak to moderate quartz+carbonate veinlets oriented oblique to bedding < m - amydoloidal mafic flow crosscut by lesser sections of feldpar porphyry Blank 9 <1 3 < m - trace to 0.5% diss po, fracture-filled py, and minor remobilized cp in quartz-filled < m m - 1% diss, banded, and net-textured po in bands up 8cm in width < m - trace to 0.5% diss + wispy po+py, trace py fracture-filling < m - 1% wispy + diss po+py < m - 20cm quartz 65 deg TCA < m - trace diss + wispy po+py, trace py fracture-filling < m - 0.5% diss + wispy po, trace py fracture-filling m - stong pervasive band of garnets up to 4mm in diameter m - trace diss + wispy po+py, trace py fracture-filling Standard CDN-SE m - very fine grained dyke 70 deg TCA m - broken core, local chloritic gouge m

34 Property Enid-Massey Property LAURION MINERAL EXPLORATION INC. Diamond Drill Hole ZE Sheet: 2 of 2 Interval (meters) Formation Sample Sample Interval (m) Assays From To Number From To Au() Ag() Cu() Ni() Zn() < < < Blank <5 < < < <5 < < < Standard CDN-SE < <5 < <5 < <5 < <5 < <5 < <5 < Blank <5 <1 3 < <

35 LAURION MINERAL EXPLORATION INC. Diamond Drill Hole ZE Property Enid-Massey Property Depth Tool Azi. Cor. Azi. Dip Mag. Location ZED'or NA Elev. Collar 299m Claim # Datum NAD83 Grid Coord: L7+00E / 3+90N Date Started 29-Jan-08 UTM: E, N Date Completed 30-Jan-08 Azimuth/Dip 360/-50 Drilled by Lafreniere Drilling Total Depth 100.0m NQ core size Logged by J.Kleinboeck Core stored on Davidson Tisdale Mine Property Sheet: 1 of 2 Interval (meters) Sample Sample Interval (m) Assays From To Formation Number From To Au() Ag() Cu() Ni() Zn() OB - Overburden, Casing driven to 16.2m, left in hole VM (TUF) - Mafic Tuff dark grey and green fine grained well bedded mafic to intermediate tuff with local white coarse grained quartz-feldspar and dark green fg plag-phyric diabase dykes throughout bedding well developed, variable between 45 and 60 deg TCA broken core from m m - white coarse grained quartz-feldspar 55 deg TCA , , m - dark green fine grained plag-phyric diabase 60 deg TCA. Local plag phenocrysts up to 2cm in diameter m - white coarse grained quartz-feldspar 70 deg TCA m - grey very fine grained diabase 70 deg TCA, plag phenocrysts up to 3mm in dia m - strong pervasive silicification m - white coarse grained quartz-feldspar dyke with sharp (70 deg) to irreg contacts < m - non-mineralized < m - 5% wispy po <5 < m - trace diss/wispy po, generally unmineralized < m - 3% wispy po <5 < , - non-mineralized < Standard CDN-SE QFP -Quartz Feldspar Porphyritic Dyke dark grey, lower contact 70 deg TCA QFP -Quartz Feldspar Porphyritic Dyke grey in colour, lower contact sharp but irregular

36 Property Enid-Massey Property LAURION MINERAL EXPLORATION INC. Diamond Drill Hole ZE Sheet: 2 of 2 Interval (meters) Formation Sample Sample Interval (m) Assays From To Number From To Au() Ag() Cu() Ni() Zn() GAB - Gabbro white and green massive vari-textured gabbro generally coarse grained with fine and pegmatitic sections. locally leucocratic trace to 0.5% interstitial po+cp from m, generally unmineralized m - mixed between feldspar porphy, quartz-feldspar porphy, and fine grained diabase? lower contact diffuse but abrupt GAB - Gabbro white and green massive varitextured gabbro generally fine to medium grained with lesser amounts of coarse grained to pegmatitic sections local trace intersitial 82.7 & 83.5m and trace finely diss py throughout m - grey feldspar porphyritic 40 deg TCA m - green medium grained melagabbro, moderate to strong pervasive chloritization m - 20cm felsic 70 deg TCA (quartz+fsp+kspar) m - grey fol'd feldspar porphyritic dyke m

37 LAURION MINERAL EXPLORATION INC. Diamond Drill Hole ZE Property Enid-Massey Property Depth Tool Azi. Cor. Azi. Dip Mag. Location ZED'or NA Elev. Collar 297m Claim # Datum NAD83 Grid Coord: L9+00E / 2+70N Date Started 30-Jan-08 UTM: E, N Date Completed 31-Jan-08 Azimuth/Dip 360/-50 Drilled by Lafreniere Drilling Total Depth 89.0m NQ core size Logged by J.Kleinboeck Core stored on Davidson Tisdale Mine Property Sheet: 1 of 2 Interval (meters) Sample Sample Interval (m) Assays From To Formation Number From To Au() Ag() Cu() Ni() Zn() OB - Overburden, Casing driven to 15.0m, left in hole VF (TUF) - Felsic Tuff grey very fine grained well bedded felsic to intermediate tuff bedding well 55 deg TCA m - heavily fractured m - quartz vein with 5% diss and wispy py m - 90% mafic and feldspar porhyritic dykes trace diss + fracture filled py throughout except for: m - 5% diss + wispy py m - 5% wispy py m - 6-8% wispy + fracture filled py, 2% wispy po m - 5% wispy po m - 3% wispy po+py m - 0.5% wispy po m - trace diss po m - black very fine grained diabase dyke, moderately magnetic, upper 25 deg, lower 70 deg TCA lower contact transitional VM (TUF) - Mafic Tuff dark grey very fine grained mafic and interbedded felsic tuffs and lesser massive mafic flows m - heavily fractured and broken core, local discing m - grey feldspar porphyrytic dyke. Minor m - dark green to black fine grained mafic dyke

38 Property Enid-Massey Property LAURION MINERAL EXPLORATION INC. Diamond Drill Hole ZE Sheet: 2 of 2 Interval (meters) Formation Sample Sample Interval (m) Assays From To Number From To Au() Ag() Cu() Ni() Zn() m - dark green to black fine grained mafic 70 deg TCA m - plag-phyric diabase dyke m - dark green to black fine grained mafic dyke m - dark grey feldspar porphyritic 25 deg TCA m - dark green to black fine grained mafic 50 deg TCA m - dark green to black fine grained mafic 65 deg TCA m - dark green to black fine grained mafic dyke m - qtz+kspar vein with trace po unit in generally unmineralized with trace local wisps of po and py fracture fills. 89.0m

39 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids Appendix III Drill Sections (ccoe Caracle Creek International Consulting Inc. 20 August 15, 2008

40 E N E N Elev Elev Elev Elev Enid-Massey Project E SA Facing: 300 1:2000 metres N N E N N E OB FP11 VF(TUF) VM1(TUF,SIL) VM1 FP11 VM E N VM1(TUF) N VM VM1(TUF) SA N N E E N Cu () < > 200 Ni () < > N N Elev Elev Elev Stratigraphy BX - Breccia FLT Elev - Fault FP - Felsic Intrusive Rocks FP8 - Aplite Dike HGR - Hybrid Granitized Rocks MP - Mafic Intrusive Rocks MP1 - Gabbro MP7 - Diabase OB - Overburden QV - Quartz Vein SX - Sulphide Zone SZ - Shear Zone VF - Felsic Metavolcanics VM - Mafic Metavolcanics N

41 E N N N Elev Elev Elev Elev Enid-Massey Project E SA Facing: N 1:2000 metres N N N N OB VF(TUF) VM VM(TUF) N VM VM(TUF) VM(TUF) VF(TUF) N SA N N E E N Cu () < > 200 Ni () < N > N Elev Elev Elev Stratigraphy BX - Breccia FLT Elev - Fault FP - Felsic Intrusive Rocks FP8 - Aplite Dike HGR - Hybrid Granitized Rocks MP - Mafic Intrusive Rocks MP1 - Gabbro MP7 - Diabase OB - Overburden QV - Quartz Vein SX - Sulphide Zone SZ - Shear Zone VF - Felsic Metavolcanics VM - Mafic Metavolcanics N

42 E N N E Elev OB VM Elev VF(TUF) VM1 VF(TUF) VM Elev Elev Enid-Massey Project SA Facing: E 1:2000 metres N N E SA N N OB VM1 VM(TUF) E N VM1 SA E N N N E E N Cu () < > 200 Ni () < > N N Elev Elev Elev Stratigraphy BX - Breccia FLT Elev - Fault FP - Felsic Intrusive Rocks FP8 - Aplite Dike HGR - Hybrid Granitized Rocks MP - Mafic Intrusive Rocks MP1 - Gabbro MP7 - Diabase OB - Overburden QV - Quartz Vein SX - Sulphide Zone SZ - Shear Zone VF - Felsic Metavolcanics VM - Mafic Metavolcanics N

43 E N N E Elev OB Elev Elev Elev Enid-Massey Project SA Facing: E N 1:2000 metres N E N N N VM1 VF(TUF) VM1 VF(TUF) N E VM E SA N N OB VM1 VM(TUF) EN VM1 SA Cu () < > 200 Ni () < EN > N Elev Elev Elev Stratigraphy BX - Breccia FLT Elev - Fault FP - Felsic Intrusive Rocks FP8 - Aplite Dike HGR - Hybrid Granitized Rocks MP - Mafic Intrusive Rocks MP1 - Gabbro MP7 - Diabase OB - Overburden QV - Quartz Vein SX - Sulphide Zone SZ - Shear Zone VF - Felsic Metavolcanics VM - Mafic Metavolcanics N

44 N E N N Elev Elev Elev Elev Enid-Massey Project N SA Facing: N E N E E N N OB VM(TUF) VM(TUF) VM VM(TUF) VM VF(TUF) VM SA N N E E N N Cu () < > 200 Ni () < :2000 metres > N E Elev Elev Elev Stratigraphy BX - Breccia FLT Elev - Fault FP - Felsic Intrusive Rocks FP8 - Aplite Dike HGR - Hybrid Granitized Rocks MP - Mafic Intrusive Rocks MP1 - Gabbro MP7 - Diabase OB - Overburden QV - Quartz Vein SX - Sulphide Zone SZ - Shear Zone VF - Felsic Metavolcanics VM - Mafic Metavolcanics N E

45 N N N N N N N N Elev Elev Elev Elev OB OB VM(TUF) VF(TUF) Elev ZE GAB QFP QFP GAB ZE Elev Stratigraphy BX - Breccia FLT - Fault FP - Felsic Intrusive Rocks FP8 - Aplite Dike HGR - Hybrid Granitized Rocks MP - Mafic Intrusive Rocks MP1 - Gabbro MP7 - Diabase OB - Overburden QV - Quartz Vein SX - Sulphide Zone SZ - Shear Zone VF - Felsic Metavolcanics VM - Mafic Metavolcanics Elev N Cu () < > 200 Ni () < N > N N N N N Enid-Massey Project N ZE Facing: 300 1:2000 metres Elev

46 N N N N N N N N Elev Elev Elev Elev OB OB VM(TUF) VF(TUF) Elev ZE GAB QFP QFP GAB ZE Elev Stratigraphy BX - Breccia FLT - Fault FP - Felsic Intrusive Rocks FP8 - Aplite Dike HGR - Hybrid Granitized Rocks MP - Mafic Intrusive Rocks MP1 - Gabbro MP7 - Diabase OB - Overburden QV - Quartz Vein SX - Sulphide Zone SZ - Shear Zone VF - Felsic Metavolcanics VM - Mafic Metavolcanics Elev N Cu () < > 200 Ni () < > N N N N N N Enid-Massey Project N ZE Facing: 300 1:2000 metres Elev

47 N N N N N N N N Elev Elev Elev Elev OB VF(TUF) VM(TUF) Elev ZE Elev Stratigraphy BX - Breccia FLT - Fault FP - Felsic Intrusive Rocks FP8 - Aplite Dike HGR - Hybrid Granitized Rocks MP - Mafic Intrusive Rocks MP1 - Gabbro MP7 - Diabase OB - Overburden QV - Quartz Vein SX - Sulphide Zone SZ - Shear Zone VF - Felsic Metavolcanics VM - Mafic Metavolcanics Elev N Cu () < > 200 Ni () < N > N N N N N Enid-Massey Project N ZE Facing: 300 1:2000 metres Elev

48 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids Appendix IV Assay Certificates (ccoe Caracle Creek International Consulting Inc. 21 August 15, 2008

49 Certificate of Analysis 1046 Gorham Street Thunder Bay, ON Canada P7B 5X5 Tel: (807) Fax: (807) Monday, March 10, 2008 Caracle Creek International Suite 2, 17 Frood Road Sudbury, ON, CA P3C4Y9 Ph#: (705) Fax#: (416) #: Date Received: Feb 12, 2008 Date Completed: Feb 27, 2008 Job #: Reference: CCIC-Laurion--LME-EM Sample #: 171 Core Acc # Client ID Au Pt Pd Rh Ag Co Cu Fe Ni Pb Zn < < < < Dup < < < < < < Dup < Page 1

50 Certificate of Analysis 1046 Gorham Street Thunder Bay, ON Canada P7B 5X5 Tel: (807) Fax: (807) Monday, March 10, 2008 Caracle Creek International Suite 2, 17 Frood Road Sudbury, ON, CA P3C4Y9 Ph#: (705) Fax#: (416) #: Date Received: Feb 12, 2008 Date Completed: Feb 27, 2008 Job #: Reference: CCIC-Laurion--LME-EM Sample #: 171 Core Acc # Client ID Au Pt Pd Rh Ag Co Cu Fe Ni Pb Zn < Dup < < <1 3 1 < Dup Page 2

51 Certificate of Analysis 1046 Gorham Street Thunder Bay, ON Canada P7B 5X5 Tel: (807) Fax: (807) Monday, March 10, 2008 Caracle Creek International Suite 2, 17 Frood Road Sudbury, ON, CA P3C4Y9 Ph#: (705) Fax#: (416) #: Date Received: Feb 12, 2008 Date Completed: Feb 27, 2008 Job #: Reference: CCIC-Laurion--LME-EM Sample #: 171 Core Acc # Client ID Au Pt Pd Rh Ag Co Cu Fe Ni Pb Zn < Dup < <1 3 <1 < < Rep < < Page 3

52 Certificate of Analysis 1046 Gorham Street Thunder Bay, ON Canada P7B 5X5 Tel: (807) Fax: (807) Monday, March 10, 2008 Caracle Creek International Suite 2, 17 Frood Road Sudbury, ON, CA P3C4Y9 Ph#: (705) Fax#: (416) #: Date Received: Feb 12, 2008 Date Completed: Feb 27, 2008 Job #: Reference: CCIC-Laurion--LME-EM Sample #: 171 Core Acc # Client ID Au Pt Pd Rh Ag Co Cu Fe Ni Pb Zn Dup < < Dup <5 <1 5 <1 < < Page 4

53 Certificate of Analysis 1046 Gorham Street Thunder Bay, ON Canada P7B 5X5 Tel: (807) Fax: (807) Monday, March 10, 2008 Caracle Creek International Suite 2, 17 Frood Road Sudbury, ON, CA P3C4Y9 Ph#: (705) Fax#: (416) #: Date Received: Feb 12, 2008 Date Completed: Feb 27, 2008 Job #: Reference: CCIC-Laurion--LME-EM Sample #: 171 Core Acc # Client ID Au Pt Pd Rh Ag Co Cu Fe Ni Pb Zn Dup <5 < Dup < < < < < < < Page 5

54 Certificate of Analysis 1046 Gorham Street Thunder Bay, ON Canada P7B 5X5 Tel: (807) Fax: (807) Monday, March 10, 2008 Caracle Creek International Suite 2, 17 Frood Road Sudbury, ON, CA P3C4Y9 Ph#: (705) Fax#: (416) #: Date Received: Feb 12, 2008 Date Completed: Feb 27, 2008 Job #: Reference: CCIC-Laurion--LME-EM Sample #: 171 Core Acc # Client ID Au Pt Pd Rh Ag Co Cu Fe Ni Pb Zn < < < <5 < <5 < < < < <1 3 < < Dup < < < < < Dup Page 6

55 Certificate of Analysis 1046 Gorham Street Thunder Bay, ON Canada P7B 5X5 Tel: (807) Fax: (807) Monday, March 10, 2008 Caracle Creek International Suite 2, 17 Frood Road Sudbury, ON, CA P3C4Y9 Ph#: (705) Fax#: (416) #: Date Received: Feb 12, 2008 Date Completed: Feb 27, 2008 Job #: Reference: CCIC-Laurion--LME-EM Sample #: 171 Core Acc # Client ID Au Pt Pd Rh Ag Co Cu Fe Ni Pb Zn < < < <5 < < Dup < < <5 < < < < Dup < <5 < <5 < <5 < Page 7

56 Certificate of Analysis 1046 Gorham Street Thunder Bay, ON Canada P7B 5X5 Tel: (807) Fax: (807) Monday, March 10, 2008 Caracle Creek International Suite 2, 17 Frood Road Sudbury, ON, CA P3C4Y9 Ph#: (705) Fax#: (416) #: Date Received: Feb 12, 2008 Date Completed: Feb 27, 2008 Job #: Reference: CCIC-Laurion--LME-EM Sample #: 171 Core Acc # Client ID Au Pt Pd Rh Ag Co Cu Fe Ni Pb Zn <5 < <5 < <5 < <5 <1 3 < Dup < < < <5 < < <5 < < Dup < Page 8

57 or ACCURASSAY co...". Certificate of Analysis 1046 Gorham Street Thunder Bay, ON Canada P7B 5X5 Tel: (807) Fax: (807) assay@accurassay.com Monday, March 10, 2008 Caracle Creek International Suite 2, 17 Frood Road Sudbury, ON, CA P3C4Y9 Ph#: (705) Fax#: (416) #: platadium@rogers.com Date Received: Feb 12, 2008 Date Completed: Feb 27, 2008 Job #: Reference: CCIC-Laurion--LME-EM Sample #: 171 Core Acc # Client ID Au Pt Pd Rh Ag Co Cu Fe Ni Pb Zn PROCEDURE CODES: AL4AU3, AL4Ag, AL4Cu, AL4Ni, AL4Zn, AL4ICPAR Certified By: ~:9' M'~'. " Ger.eral Manager The results included on this report relate only to the items tested The Certificate of Analysis should not be reproduced except in full, without the written approval of the laboratory AL /10/2008 8:23 AM Page 9

58 Certificate of Analysis 1046 Gorham Street Thunder Bay, ON Canada P7B 5X5 Tel: (807) Fax: (807) Wednesday, January 23, 2008 Caracle Creek International Suite 2, 17 Frood Road Sudbury, ON, CA P3C4Y9 Ph#: (705) Fax#: (416) #: Date Received: Dec 19, 2007 Date Completed: Jan 23, 2008 Job #: Reference: CCIC for LAurion EXP. Sample #: 220 Core Acc # Client ID Au Pt Pd Rh <5 <15 < <5 <15 < <5 <15 < <5 <15 < <5 17 < <5 32 < <5 <15 < Dup <5 <15 < A <5 <15 < < <15 < <15 < <15 < <5 <15 < <5 <15 < <5 <15 < <5 <15 < <15 < < Dup <15 < < <15 < <5 <15 < <15 <10 Page 7

59 Certificate of Analysis 1046 Gorham Street Thunder Bay, ON Canada P7B 5X5 Tel: (807) Fax: (807) Wednesday, January 23, 2008 Caracle Creek International Suite 2, 17 Frood Road Sudbury, ON, CA P3C4Y9 Ph#: (705) Fax#: (416) #: Date Received: Dec 19, 2007 Date Completed: Jan 23, 2008 Job #: Reference: CCIC for LAurion EXP. Sample #: 220 Core Acc # Client ID Au Pt Pd Rh <15 < <5 <15 < <5 <15 < <15 < Dup <15 < <15 < <15 < <15 < <15 < < < <15 < <15 < Dup <15 < < < <15 < <15 < <15 < <15 <10 Page 8

60 Certificate of Analysis 1046 Gorham Street Thunder Bay, ON Canada P7B 5X5 Tel: (807) Fax: (807) Wednesday, January 23, 2008 Caracle Creek International Suite 2, 17 Frood Road Sudbury, ON, CA P3C4Y9 Ph#: (705) Fax#: (416) #: Date Received: Dec 19, 2007 Date Completed: Jan 23, 2008 Job #: Reference: CCIC for LAurion EXP. Sample #: 220 Core Acc # Client ID Au Pt Pd Rh <5 16 < < < <15 < Rep <15 < < <15 < <15 < <15 < <5 < <15 < < <15 < <15 < < Dup <15 < <5 <15 < <15 < <15 < <15 < <15 < <15 <10 Page 9

61 Certificate of Analysis 1046 Gorham Street Thunder Bay, ON Canada P7B 5X5 Tel: (807) Fax: (807) Wednesday, January 23, 2008 Caracle Creek International Suite 2, 17 Frood Road Sudbury, ON, CA P3C4Y9 Ph#: (705) Fax#: (416) #: Date Received: Dec 19, 2007 Date Completed: Jan 23, 2008 Job #: Reference: CCIC for LAurion EXP. Sample #: 220 Core Acc # Client ID Au Pt Pd Rh <15 < Dup <15 < <15 < <15 < < <15 < < <15 < < < <15 < Dup <15 < <15 < < <15 < < < <5 <15 < <15 < <15 < <5 <15 <10 Page 10

62 of!o ACCURASSAY Certificate of Analysis 1046 Gorham Street Thunder Bay, ON Canada P7B 5X5 Tel: (807) Fax: (807) assay@accurassay.com Wednesday, January 23, 2008 Caracle Creek International Suite 2, 17 Frood Road Sudbury, ON, CA P3C4Y9 Ph#: (705) Fax#: (416) #: platadium@rogers.com Date Received: Dec 19, 2007 Date Completed: Jan 23, 2008 Job #: Reference: CCIC for LAurion EXP. Sample #: 220 Core Acc # Client ID Au Pt Pd Rh Dup <5 <15 < <15 <10 PROCEDURE CODES: AL4APP, AL4Cu, AL4Ni, AL4Pb, AL4Zn, AL4ICPAR.. Certified By: Derek Demian;uk HBs<:. Laboratory Manager The results included on this report relate only to the items tested The Certificate of Analysis should not be reproduced except in full, without the written approval of the laboratory AL /23/2008 3:30 PM Page 11

63 Laurion Mineral Exploration Inc Diamond Drilling Program: Enid Massey Property Santrap & Zed Or Grids Maps Back Pocket (ccoe Caracle Creek International Consulting Inc. 22 August 15, 2008

64 Enid Massey Project Santrap Drilling Legend 2008 Drill Holes -- Traces -- Roads -- Enid Massey Grids D Enid Massey Property o Meters NAD83Z17N

65 Enid Massey Project Land Tenure I I I I I I ~ ~ ~ t2.q.q :84--~--<~H I I I I~----r ~--~I. I I D Enid Massey Property [':=-.=-1 Claims _ D Leased Claims TownshiPs Roads o 2 Kilometres NAD83Z17N r i ~, 'V( U.S.A. '* Property Location ~i~ \:r -~. > QUE +,

66 Enid Massey Project Zed'Or Drilling Legend 2008 Drill Holes -- Traces -- Roads -- Enid Massey Grids D Enid Massey Property o Meters NAD83Z17N +

67 Enid Massey Project Map 2: Location of Santrap Diamond Drill Holes «Legend Property Boundary Claims Roads!( 2008 DDH's!( DDH's SA-08-04!( trace SA-08-03!( Meters NAD83 Z17N SA-08-01!( SA-08-05!( !(!(!(!( SA-08-02!(!(!(!(!(!( !(

68 Enid Massey Project Map 3: Location of Zed'Or Diamond Drill Holes « Legend Property Boundary Roads traces!( 2008 DDH's Claims ZE-08-02!( ZE-08-01!( ZE-08-03!( Meters NAD83 Z17N