Mines Act Permit MX km East of Dease Lake, B.C. in the Skeena Mining Division. NTS Location at 1:50,000 Scale NAD 27 Base Map 104I 7

Transcription

1 TECHNICAL ASSESSMENT REPORT on the JEDWAY PROPERTY Mines Act Permit MX km East of Dease Lake, B.C. in the Skeena Mining Division NTS Location at 1:50,000 Scale NAD 27 Base Map 104I 7 Centered on: Latitude 128 degrees, 58 minutes, 30 seconds Longitude 58 degrees, 21 minutes, 1 second CLAIMS Tenure Numbers: BC Geological Survey Assessment Report Claim Owner: Jedway Enterprises 100% Operator: Jedway Enterprises Watson Lake, YT Y0A 1C0 Consultant and Author: Malcolm Warwick: Consulting Geologist Park Drive,Vancouver, B. C. Tel/Fax: (604)

2 Table of Contents 1 - Introduction Location Maps...3 BC Location Map...3 Area Location Map Property Claim Map Location, Access and Description...11 Physiography: Work Program...13 Physical Work...13 Technical Drill Work...13 Drill Location Map Geology...17 Regional Geology Map...17 Property Geological Map Developments...25 Interpretive Work Conclusions RECOMMENDATIONS...29 Phase 1:...29 Phase Phase 3: References Appendix 1: Drill Log Appendix 2: Certificate of Analysis Appendix 3: Assay worksheets Appendix 5: Qualifications...61

3 1 - Introduction Jedway Enterprise undertook a programme investigate the mineral property known as the Boulder. Wheaton River area, in the Stikine Mining Division of British Columbia. The writer visited the property in September of 2012 with the owner. The object of the programme was the evaluation of a quartz vein system on the property.

4 2 - Location Maps BC Location Map

5 Area Location Map

6 3 - Property The property consists of 1 claims totalling 25 units covering hectacres. The claims are listed in the following table. Tenure Number Claim Name Owner Tenure Map Type Sheet Issue Date Good To Date Status Area (ha) BOULDER (100%) Mineral 104I 2006/feb/ /feb/20 GOOD

7 4 - Claim Map

8 5 - Location, Access and Description The geographical coordinates are 58 24' N latitude and 129 W longitude. The central part of the property is found 65 km SE of the village of Dease Lake, B.C. on Alice Shea Creek. The northeasterly flowing Turnagain River runs through the property. Road access to these claims from the Provincial highways system is practically nonexistent, being only by tote road from Dease Lake to the active placer mining operation on the lower Wheaton Creek, a distance of over 60 km. Consequently, air access to the claims is either by helicopter from Dease Lake, or by float plane which can land by the Boulder City base camp on the Turnagain River. Industrial 6 wheel drive trucks capable of crossing numerous unbridged rivers service Boulder City in the summer and fall. There is an extensive, well established, 'dirt' road network throughout the property. Physiography: The property lies at the southern end of the Stikine Ranges which is a physiographic division of the Cassiar Mountains. The terrain varies from moderate to steep slopes and trends, the topography is dominated by the northerly-trending creeks. Elevations vary from 1,030 metres a.s.l. on Boulder City Lake on the Turnagain River, to 1,250 metres a.s.l. on a hilltops at the southern edge of the property. The forest cover consists primarily of cedar, light in density and with light to moderate undergrowth. The property is in the area characterized by a northern continental climate, with long and cold winters and short warm summers. Snow cover is usually moderate.

9 6 - Work Program Physical Work No physical work was completed on the property with respect to this report. Technical Drill Work A single diamond drill hole was drilled in the Fall of Location of collar UTM9 Easting Northing Illustration 1: Sample page from Drill log Full drill log attached as appendix 1.

10 Drill Location Map Assay Certificate attached as appendix 2 Geochem/Assay results attached as appendix 3

11 7 - Geology Regional Geology Map The claims are underlain by rocks of the Cache Creek Group which are Mississippian to Permian in age. The 5-kilometre wide belt of Mississippian to Permian ultramafic rocks of the Mississippian to Jurassic Cache Creek Complex 1.The general trend of contacts and bedding planes in the area and through the property is N60 W, which is the same as the Nahlin thrust fault located on the southwest corner of the property. 1 Dorthe E. Jakobsen(DEJ), (1995):

12 The major, north-northwest-trending Nahlin fault more or less marks the western extent of the Cache Creek terrane. It is a steeply dipping to vertical fault (or series of faults). These faults are grossly coincident with the boundaries between the Cache Creek and Stikinia terrane, a volcanic arc environment formed during the Paleozoic and Mesozoic periods. The Stikinia Cache Creek accretionary event was complete by the Middle Jurassic 2 The Cache Creek Terrane is dominantly oceanic in lithology but includes some assemblages of island arc or rift affinity. The terrane ranges in age from Devonian through Early Jurassic. These rocks consist of peridotite, dunite and pyroxenite which are generally serpentinized. A fault-bound assemblage of Mississippian to Triassic Kedadha Formation rock sits within the ultramafic belt and underlies the central portion of the property. This portion is reported to consist of slate, argillite, limestone and andesitic volcanics. There are many quartz veins and stringers in the slate and schist. Some are mineralized with pyrite but none are known to be gold bearing. Figure 6. Major tectonic belts and terranes in the Canadian Cordillera, simplified from Monger and Berg (1984) 2 Ricketts, B.D., Evenchick, C.A., Anderson, R.G. and Murphy, D.C. (1992): Bowser basin, northern British Columbia: Constraints on the timing of initial subsidence and Stikina-North America terrane interactions; Geology, Volume 20, pages

13 Property Geological Map The following figure is a property scale geological map.

14 All rock types within the property area are mapped to the Cache Creek Complex suite of rocks. DDJ JS was drilled within the Cache Creek Complex - Kendahda formation. Rock types found within this formation are chert, siliceous argillite, siliclastic rocks. The contact between the 2 rocks units appears to have taken place at the downhole depth of 28 metres. The area is underlain by a 5-kilometre wide belt of Mississippian to Permian ultramafic rocks of the Mississippian [358.9 ± 0.4 to ± 0.4 Ma (million years ago)] to Jurassic [201.3± 0.6 to 145± 4 Ma (million years ago)] Cache Creek Complex.These rocks consist of peridotite, dunite and pyroxenite which are generally serpentinized. Roughly 8 kilometers to the south of the property the Nahlin fault is a main regional NW-SE fault. The Nahlin fault has been traced from the current map area more than 300 km west-northwest to the Atlin Lake area (Souther, 1971) 3 It originated as a thrust fault during emplacement of the Cache Creek terrane (Mihalynuk,1999) 4. The fault is generally interpreted as a northeast dipping thrust, although some segments dip steeply and may have a component of right lateral strike-slip movement (Gabrielse,1998).5 3 Souther, J.G. (1971): Geology and mineral deposits of Tulsequah map-area, British Columbia; Geological Survey of Canada, Memoir 362, 84 pages. 4 Mihalynuk, M. G. (1999): Geology and mineral resources of the Tagish Lake area (NTS 104M/8, 9, 10E, 15 and 104N/12W) northwestern British Columbia; B.C.Ministry of Energy, Mines and Petroleum Resources, Bulletin 105, 217 pages. 5 Gabrielse, H. (1998): Geology of Cry Lake and Dease Lake map areas, north-central British Columbia; Geological Survey of Canada, Bulletin 504, 147 pages.

15 8 - Developments Interpretive Work A significant portion of this property meets the criteria. of the following exploration guidelines: The fundamental depositional control for this deposit type is the localization of hydrothermal alteration sites along major fault zones within, marginal to, or containing ultramafic rocks margins of serpentinized ultramafic bodies are also potential sites of alteration and mineralization.. 6 The majority of the gold mineralization, underlying this property, probably does not occur in quartz veins. 6 ibid

16 9 - Conclusions The property has good potential for hard rock gold mineralization. Drawing from the work of C.H. Ash and R.L. Arksey, in Geological Survey Fieldwork 1989, titled The Listwanite - Lode Gold Association in BC. the majority of the gold mineralization, underlying this property, probably does not occur in quartz veins. Extensively underlain by mineral rich Cache Creek Complex cross cut by faults and other geological events that have concentrated gold values to economic levels.

17 10 - RECOMMENDATIONS It is recommended that a work program in three phases be undertaken to determine the. economic potential of the property Phase 1: Map the bedrock exposed by Placer-gold workings. Since the geological units are steeply dipping a small program of following up drilling should be able to track the au bearing buff rocks to surface. They likely surface under overburden 50 to 150 metres further south. A surface trenching programme could then be used to determine the areal extent of the surfacing exposures of the unit. Phase 2 A series of shallow drill holes should be drilled to determine depth to bedrock and to sample for possible gold mineralization. This work may be augmented with trenching with a portable backhoe or similar trenching programmes. Trenching to be refilled in the non-productive areas so as not to alter the general terrain. Cost estimates for Phase 2 cover a broad range between $150,000 to $350,000 depending upon depths of overburden encountered. Phase 3: The implementation of this phase will be contingent on the location of one or more zones that indicate the presence of economic grade mineralization. The costs and scope of this Phase cannot be determined at this early stage.

18 11 - References This section contain references to other documents, book, web pages, etc. Ash, C.H. and Arksey, R.L. (1998): BRITISH COLUMBIA Geological Survey Fieldwork 1989, The Listwanite - Lode Gold Association in BC. pg Gabrielse, H. (1998): Geology of Cry Lake and Dease Lake map areas, north-central British Columbia; Geological Survey of Canada, Bulletin 504, 147 pages. Holland, S.S. (1940): BRITISH COLUMBIA DEPARTMENT OF MINES, Bulletin 2: Placer-Gold Deposits, Wheaton (Boulder) Creek, Cassiar District.. Mihalynuk, M. G. (1999): Geology and mineral resources of the Tagish Lake area (NTS 104M/8, 9, 10E, 15 and 104N/12W) northwestern British Columbia; B.C.Ministry of Energy, Mines and Petroleum Resources, Bulletin 105, 217 pages. Ricketts, B.D., Evenchick, C.A., Anderson, R.G. and Murphy, D.C. (1992): Bowser basin, northern British Columbia: Constraints on the timing of initial subsidence and Stikina-North America terrane interactions; Geology, Volume 20, pages Sevensma, P.H. (1970): EMPR PF (in 104I 085 file - Report on the Wheaton (Boulder) Creek jade deposits and other Turnagain placer leases for Demsey Mines Ltd. Souther, J.G. (1971): Geology and mineral deposits of Tulsequah map-area, British Columbia; Geological Survey of Canada, Memoir 362, 84 pages.

19 12 - Appendix 1: Drill Log

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28 End Of Hole 240 feet

29 13 - Appendix 2: Certificate of Analysis

30 14 - Appendix 3: Assay worksheets

31 Assay Worksheet Page 2

32 Assay Worksheet Page 3

33 15 - Appendix 4: Qualifications

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