Wallbridge Mining Company Limited

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1 2 Wallbridge Mining Company Limited Magnetometer Geophysical Survey Performed by: Geoserve Canada Inc. Drury Township - November, 2002 RECEIVED JUL O GEOSCIENCE ASSESSMEJ*? of net. Prepared by: Jonathan Rudd, P.Eng. Geophysicist June 2003 Wallbridge Mining Company Limited 129 Fielding Road Lively, Ontario P3Y 1L7 (705) I06NW DRURY 010

2 Table of Contents 1. Introduction 2. Location and access 3. Property 4. History of Exploration 5. Anomalies and Recommendations 6. References 7. Figures

3 1. Introduction The Wallbridge Mining Company Limited believes the footwall of the Sudbury Impact Complex (SIC) is an excellent location to explore for Sudbury type mineral deposits. They acquired this Drury Township Eastl property, to prospect for this type of mineralization. The area is in the vicinity known SIC deposits such as the Sultan. Also there are economic deposits in the township immediately to the east of Drury (Denison) such as the Crean Hill Mine. A magnetometer survey was performed to help interpret the geology and possible identify potential mineralization. The area is underlain by archean granites, Huronian aged volcanics and sediments and part of what is believed to be East Bull Lake equivalent gabbro. The East Bull Lake Gabbro has recently seen some successes in exploration for platinum group elements (PGE's). 2. Location and Access The property is located in the East - Central portion of Drury Township being the south half of lot l Con IV, Sudbury Mining Division. To access the property, travel west from Sudbury on Hwy. #17 to the Hamlet of Whitefish, turn North on Hwy. #658 (the Fairbanks Lake turn off), to just west of Worthington. Take the first right to get to the property. Note that the surface rights here are patented and the surface rights holder should be given the proper consideration before entering the property. 3. Property The property surveyed consists of l unpatented mining claim, located in Drury Township, Sudbury Mining Division. The claim number is S and consists of 4 claim units or 68 hectares. 4. History or Exploration Northwest Drury Township 1952 INCO Mag EM Drilling Lots Con Prospectors Airways Mag *fc EM Lots 9-10 Con Alanen Maki Drilling Lot 11 Con Raynor Drilling 1999 Wallbridge Mining Airborne survey Mag and EM 5. Anomalies and Recommendations This interpretation is based on the complete magnetic survey data set for the property. Two magnetic anomalies have been delineated by the total field magnetic survey. The most prominent of these occurs in the northeast corner of the grid and appears to extend in a general east-northeast trend from L8+OOE, 9+OON to L12+OOE, 10+25N. The anomaly is open to the east of the grid, but appears to be truncated or offset out of the grid west of L6+OOE. The response is typical of mafic dikes in the Sudbury basin area.

4 The second, and weaker of the two magnetic anomalies, occurs in the southwest corner of the grid and is characterized by a general west-northwest to northwest trend, and an amplitude of up to 250 nt. This feature is also interpreted as a mafic dyke - one of a lower overall magnetic susceptibility and/or of narrower width. The truncation of the northern anomaly may reflect the presence of a major structure. However, the trend of the structure is difficult to determine from the current data set. Both anomalies require ground proofing and the remainder of the data will provide a useful reference for the detailed geologic mapping of the survey area.. 6. References Geologic map 2361 Geologic map 2055 Geologic Report OGS GR-34 Preliminary geologic map P 0134 Special volume I Special volume V NTS sheet 41-1/6 7. Maps l :5,000 Total Magnetic Field - Posted Values l :5,000 Total Magnetic Field - Contoured Values

5 ONTARIO Work Report Summary MINISTRY OF NORTHERN DEVELOPMENT AND MINES Transaction No: W Recording Date: 2003-JUL-07 Approval Date: 2003-JUL-08 Status: APPROVED Work Done from: 2002-SEP-01 to: 2003-JUL-04 Client(s): WALLBRIDGE MINING COMPANY LIMITED Survey Type(s): MAG Work Report Details: Perform Applied Claim# Perform Approve Applied Approve S ,517 81,517 81,517 81,517 Assign Reserve Assign Approve Reserve Approve Due Date SO O JUL-10 81,517 81,517 81,517 81,517 SO 80 SO 80 External Credits: Reserve: SO 80 Reserve of Work Report*: W Total Remaining Status of claim is based on information currently on record. 41I06NW DRURY Jul-23 10:14 McAuleyJ Page 1 of 1

6 Ministry of Northern Development and Mines Date:2003-JUL-11 Ministere du Developpement du Nord et des Mines Ontario GEOSCIENCE ASSESSMENT OFFICE 933 RAMSEY LAKE ROAD, 6th FLOOR SUDBURY, ONTARIO P3E 6B5 MARK HALL WALLBRIDGE MINING COMPANY LIMITED 129 FIELDING ROAD LIVELY, ONTARIO P3Y 1L7 CANADA Tel: (888) Fax:(877) Dear Sir or Madam Submission Number: Transaction Number(s): W Subject: Approval of Assessment Work We have approved your Assessment Work Submission with the above noted Transaction Number(s). The attached Work Report Summary indicates the results of the approval. At the discretion of the Ministry, the assessment work performed on the mining lands noted in this work report may be subject to inspection and/or investigation at any time. On future submissions please include a property location map such that the claim can be located within the township. If you have any question regarding this correspondence, please contact bruce.gates@ndm.gov.on.ea or by phone at (705) BRUCE GATES by at Yours Sincerely, Ron Gashinski Senior Manager, Mining Lands Section Cc: Resident Geologist Wallbridge Mining Company Limited (Claim Holder) Assessment File Library Wallbridge Mining Company Limited (Assessment Office) Visit our website at Page: 1 Correspondence 10:18479

7 41I06MW DRURY (1 CANADA HWrat W MMIMMl nwvmoim. HHW* ftllooiiimill'c OrpHM Date l HIM or IMW*: Wad All :48 EOT 2003 TOWNSHIP l AREA PLAN DRURY Mining Land Tenure Map ADMINISTRATIVE DISTRICTS l DIVISIONS Mining DMston Land Tlttoi/ReolMry Division Ministry of Natural Re*ourc*t District Sudbury SUDBURY SUDBURY TOPOGRAPHIC PI MnWMM LxxtTtnun Coor.iM.in, UH MknRwm* UaatMMPaUM liiiliiilb SS^S^i:i? ;WiiiK' CW.PIHPK CatKrwr MlwHaidlrarM Natwy p 1 aortk.ri8hl.onry J -gil MWttfl M0Nt Only LicanwpioccuWKiii ktrte /VMrMnj Maw Towar LaMUatpawilt OrrJar M Connell (Nw own lw MakMg) B140000N UlnmrjCWrr, LAND TENURE WITHDRAWALS J;J:! S^^W?l:s:;*l::;: lx :^ra!str;:giras?s*( *s :JW:' :^!nf ::i:jrat**i m vrm Mining W)(W Only MB. *! OnMr di aounm WWMnmil T N. IMPORTANT NOTICE UNO TENURE WITHDRAWAL DESCRIPTIONS M*ntM*r Typt DM* OMCHpllon Thou* MaMng to atuta mining dalitit ahould conault wffli tha Provincial Mining Racordart' Offlca of ma Mtnlttry of Northam DavaMfwwnt ami Mnat for additional Information on tha atatui or lha land* thownharaon. TMairw la rmlntandad tor runlgatlonal, aunty, or laridtmadalarmlnatlonputpoaaa aa tha Information ahown on INi map li eomphad *om varioua aourcat. CompUtanaat and accuracy am not guarantaad. Addldonal Intbrmatton may alto ba obtalnad through th* local Land TrUaaarRaglatiryOfflea, of tha Mlnl*y or Natural Raatxtrea*. Sffiwspgg ;w SOSPSS9 mm mm WmmtMyiimSm^, SsSiiMii Qsnaral Information and UmKMkma contact Information: TMa map may nol ahow unraglatarad land (anura and Intaretw In land including oartaln patanta, laaaaa, aaaananta, rlgm of waya, piounotal Mining...,,. Racordara' Offlc*,... WHI*tOr*anMMarC*ntraI33KaR WaitOhBan'lIii4rC*r*ai"33iamaayLaliaRoad T*, l"(m4),,_,,.,.^._-._,...,._.., 418-8*45 **t S7li5*dkm: UTM (6 d*gr**) fux V(tW) SKM44i"~ "fopowp^wa'ssjreavlandhnwmatlon Ontario Hoodingrighta,tteancaa.ofotharfemwofdiapoMttonofrtrjhuand mtar*at*om tha Crown, AlaoeaKaln land lanura and land uaaa Sudbury ON P368B8 Mining Land Tanura SoutM: Provtndal Mtnlnj Rwortlar.'otloa WWreaWacr prohibit Weantry to MakaiMnlngdalrM nay not b* W-S-01/03 Wtrn Jan 18,2004 S*c. SS Mining Kid Buffro dlghh Jni. 15, SOW MAG

8 464000E E E , Scale 1: metres E E E 41I06NW DRURY 210 Wallbridge Mining Company Total Field Magnetics 2002 A 2001 Ground Surveys Drury Township Worthington Area Sudbury Mining Division Geose/ve Canada Inc Nov 27,2002

9 464000E E E M o 50 Scale 1: ^^ metres E E E 41I06NW DRURY 220 Wallbridge Mining Company Total Field Magnetics 2002 A 2001 Ground Surveys Drury Township Worthington Area Sudbury Mining Division Geoserve Canada Inc Nov 27,2002

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