Namex Explorations Inc. Report on Drill Holes PC & PC Post Creek Property Claim S.l , Norman Township Sudbury Mining District

Transcription

1 : Namex Explorations nc. Report on Drill Holes PC & PC Post Creek Property Claim S.l , Norman Township Sudbury Mining District RECEVED DEC 1 0 =:~7 ntroduction GEOSCENCf ASSESSMENT OfFCE n October 2006, Namex Explorations nc. carried out diamond drilling on the company's Post Creek property, located in Norman Township, Sudbury Mining District, Ontario. Logs, plans and sections of these holes are being submitted to the Ministry of Northern Development and Mines for assessment work credit. This report forms part of that submission. Number of Holes Drilled and Total Length of Drillil!g Two holes with a total length of m (2,546.3') were drilled. Location of Work Area and Access The work area is located approximately 11 km northeast of the town of Capreol, on claim S in north - central Norman Township, specifically in Lot 4, Con. 6 of the township. The location is illustrated on the accompanying key map and the plan of the drill holes. Access is by road from Capreol via a series of roads, bush roads and trails as illustrated on the claim map of the area (plan G , Norman Township), and on the accompanying key map, which is taken from the claim map. Supervision of Work, Author of Report The drill program was supervised by Oliver T. Maki, P. Geo., 718 Joe Persechini Dr., Newmarket, ON, L3X 2S. Trevor Pacaud, Basin Mine, Wahnapitei, ON, POM 3LO, assisted in providing field supefvson. The author of this report is P. E. Giblin, 55 Kingston Court, Sudbury, ON, P3A le, who logged the core from the holes and prepared the related plans and sections. 12

2 - 2 - Summary of Exploration Work This summary lists previous work carried out by Namex Explorations nc. on the subject property. Previous work by other parties may be recorded in the Assessment Work Files, Ministry of Northern Development and Mines, Sudbury, and in the Geological Data nformation Folio for Norman Township (see below under References). 2003: Helicopter borne time domain electromagnetic survey by Geotech Ltd. 2004: Time domain P survey by Matrix Geotechnologies Ltd., and magnetometer survey by Lashex Ltd. 2004: Mobile metals ion (MM) geochemical survey. 2005: 2 diamond drill holes with total length of585 m (1,918.8 ft.). Date of Completion of Report This report was completed March 14,2007. References Assessment Work Files, Ministry of Northern Development and Mines, Sudbury. Geological Survey of Canada (1965): Milnet Sheet, Sudbury District, Ontario; Geological Survey of Canada, Geophysics Paper 1512, Aeromagnetic Map 1512G, scale 1 inch to 1 mile. Survey June 1959 to October Geological Survey of Canada (1981): Timiskaming - Kapuskasing Region. Magnetic Anomaly Map Series, Map 1563A (Residual Total Field). Scale 1:1,000,000. Muir T. L., Rebic, Ziala and Dressler, B. O. 1980): Capreol Area (Eastern Part); District of Sudbury. Ontario Geological Survey Preliminary Map P.2378, Geological Series, Scale 1:15,840 or 1 inch to v.. mile. Geology 1978, Ontario Geological Survey (1987): Norman Township, District of Sudbury; Ontario Geological Survey, Geological Data nventory Folio 366, compiled by the staff of the Resident Geologist's Office, Sudbury. 29 p., 2 maps. /~~~1' P. E. Giblin March 14, 2007 /3

3 - 3 - Appendix Summary of October 2006, Drilling, Post Creek Property, Norman Township Hole No. Coordinates Azimuth O Dipo Length Date Started - of collar Date Completed PC E, N October 01-09, m W, 102 m N of#2 post, claim S Lot 4, Con. 6 PC E, N October 09-13, m W, 171 m N of #2 post, claim S Lot 4, Con. 6 Total (2,546.3')

4 KEY MAP LOCATON OF CLAM S NORMAN TOWNSHP, SUDBURY MNNG DSTRCT SCALE 1 :20,000

5 DAMOND DRLL RECORD Property: Post Creek Township: Norman (Lot 4, Con. 6) Claim S Hole No. PC Page 1 Collar Location: 275m W, 171 m N of # 2 post, claim S UTM E, N Azimuth: Dip: 50 0 Total Depth: m Core Size: NQ Date Started: October 09,2006 Date Completed: October 13, 2006 Logged By: P. E. Giblin Date Log Completed: December 29,2006 Drilling Company: North Star Drilling, Ltd., 15 Linden Blvd., Brandon, MB Core Stored: 872C Suez Drive, Hanmer, ON From- To Rock Type Precambrian Wacke, minor Sudbury breccia Descr'-'LlV" Gray, fine - grained, commonly massive, occasionally exhibits thin bedding. Rock is cut by sparse thin seams of generally pale green Sudbury breccia, and by very sparse thin quartz veins. Some quartz veins exhibit thin epidote alteration zones a few mm thick on their margins. Generally sparse chloritic fractures most commonly at 20, 30 0 to core axis Core badly fractured (surface effect) Bedding at 70 0 to core axis rregular quartz - epidote - feldspar mass, very small grain of chalcopyrite (1-2 mm across) at margin , Fracture zones, core badly to moderately broken Pyrite grains disseminated in thin layers 1-3 mm thick at 45 0 to core axis, probably on bedding. Overall c.5% pyrite in section Fracture zone, core moderately broken on fractures at 0, 30 0 to core axis Fracture zone, core badly to moderately broken.

6 DAMOND DRLL RECORD Property: Post Creek From- To Rock Type Hole No. PC Page 2 Description Bedding at 70 0 to core axis Sudbury breccia prominent. Lower contact of wacke on chloritic fracture at 50 0 to core axis Gabbro, minor Sudbury breccia Gray, greenish gray, medium - grained, cut by minor Sudbury breccia. Gabbro becomes finer grained near lower contact Fault breccia zone Gabbro brecciated, core badly broken, minor Sudbury breccia, fault gouge and hematite stain on some fracture surfaces Trace disseminated pyrite (and chalcopyrite?) Quartz vein breccia at 10 0 to core axis Sudbury breccia prominent Wacke, minor Sudbury breccia Minor Sudbury breccia and sparse thin quartz veins cut wacke. Paper - thin pyrite films occur on some chloritic fracture surfaces Fracture zone, core badly broken, thin quartz and epidote veins. Fractures most commonly at 40, 50 to core axis Fracture zone, core badly broken. Lower contact of wacke on chlontic slips at 30' to core axis.

7 DAMOND DRLL RECORD Property: Post Creek Hole No. PC Page 3 From - To Rock Type Description Gabbro. minor Greenish gray to gray. Carries trace - «1% fine - grained disseminated pyrite. Sudbury breccia Upper 70 mm finer grained. thereafter is most commonly medium - grained, but texture and colour vary. Minor thin seams of Sudbury breccia and sparse thin quartz veins cut rock. Paper - thin pyrite films and quartz veins coat some fracture surfaces c.5-10% Sudbury breccia veins a few mm thick. most commonly at 0-15 to core axis. Gabbro becomes fine - grained over lower 1 m. Lower contact is sharp at 45 to core axis Wacke. minor Wacke is cut by minor Sudbury breccia and sparse, generally thin. quartz veins. Some quartz veins Sudbury breccia exhibit pale green (epidote?) alteration zones a few mm thick on margins. Very minor thin films of pyrite and carbonate on some chloritic fractures in wacke Possible bedding at 40 to core axis Quartz vein 25 mm thick at to core axis, carries trace pyrite Fracture zone. core considerably broken on chloritic fractures at 10, 30,60 to core axis Quartz vein 15 mm thick at 40 to core axis c.5-10% green Sudbury breccia veins, up to 30 mm thick, cut wacke, some are crowded with small inclusions of wall rock.

8 DAMOND DRLL RECORD Property: Post Creek Hole No. PC Page 4 From - To Rock Type Description Fracture zone, core moderately broken on fracture sat 40,60,90 to core axis Fracture zone, core moderately to badly broken Quartz vein 10 mm thick at 30 to core axis Quartz vein 70 mm thick, carries c.1 0% irregular inclusions of Sudbury breccia and c.1 % pyrite blebs associated with the inclusions Weak fracture zone, chloritic fractures at 0, 20, 30, 70 to core axis Fracture zone, core badly to moderately broken and cut by Sudbury breccia seams Quartz vein 20 mm thick at 20 to core axis, sparse Sudbury breccia inclusions. Vein cut and offset 2-5 mm by tiny faults at to core axis, faults exhibit right-hand displacement , rregular quartz veins 10 mm, 15 mm thick at c.200, 90, to core axis respectively Several thin quartz veins, some carry small blebs of pyrite , Quartz veins 15 mm, 35 mm thick at 90 and to core axis respectively. / Quartz veins 20 mm thick at 50 to core axis Quartz vein 5-40 mm thicl< at 10-15' to core axis, carries <1% pyctte blebs associated with Sudbury breccia inclusions. i

9 DAMOND DRLL RECORD Property: Post Creek Hole No. PC PageS! From- To Rock Type Description Sudbury breccia prominent, trace disseminated pyrite, very minor quartz veins Sudbury breccia, upper contact at 70, lower contact at 60 to core axis. Zone is cut by very thin quartz - pyrite veins Gabbro, minor Upper contact sharp at 30 to core axis and is displaced a few mm on thin quartz veins which are at Sudbury breccia 50 to core axis. Gabbro is very slightly finer grained over upper 1-2 cm, and is cut by minor Sudbury breccia and thin quartz veins. Sudbury breccia carries trace pyrite Sudbury breccia Pale green Sudbury breccia carries trace pyrite and gabbro fragments, and is cut by minor quartz veins Wacke, minor Generally minor Sudbury breccia and sparse thin quartz veins cut wacke. Sudbury breccia Sudbury breccia matrix predominates Gabbro Geenish gray, medium - grained, massive, sparse small irregular masses of quartz - feldspar - epidote Sud bury breccia Exhibits minor crackle breccia, foliation generally c.20 0 to core axis, cut by numerous thin quartz-! pyrite veins.

10 DAMOND DRLL RECORD Property: Post Creek Hole No. PC Page 6 From - To Rock Type Description Wacke, minor feldspathic sandstone Wacke, minor feldspathic sandstone, carry trace fine - grained disseminated pyrite. Lower contact at 90 to core axis Sudbury breccia zone Pale green to dark green Sudbury breccia matrix carries wacke and gabbro fragments. Foliation of matrix most commonly at a ~ 20 to core axis, varies up to 70 to core axis. Zone is cut by sparse thin (1-5 mm thick) quartz veins, which are most commonly at 50, less commonly at 80, 90 to core axis. Occasionally carries fine - grained pyrite, pyrrhotite and chalcopyrite as disseminated grains in matrix and in tiny sulphide veins along fractures. Sulphides appear to be most common from c , where gabbro fragments become more prominent in breccia, to c Overall <1 % sulphides. Some details listed below: , Thin quartz - chalcopyrite veins, 1-2 mm thick at 60 and 80 to core axis respectively Quartz vein 1-2 mm thick at 45 to core axis, carries chalcopyrite and pyrrhotite Paper - thin sulphide veins on fractures, most commonly at 0 to core axis Trace fine - grained disseminated pyrrhotite and chalcopyrite in Sudbury breccia matrix and on tiny fractures at 0 and 90 to core axis Gabbro, minor Sudbury breccia From c gabbro fragments commonly predominate, many are finely brecciated and cut by Sudbury breccia and numerous chloritic fractures. Prominent chlorite zone ends c

11 NAMEX EXPLORATONS NC. DAMOND DRLL RECORD Property: Post Creek From - To Rock Type Hole No. PC Page 7 Description Sampled as noted below. See end of log for assay and multi-element CP-AES results Sample Sample ~ Sample Sample Sample ' Sample Sudbury breccia zone Foliation of breccia matrix most commonly at to core axis. Gabbro fragments predominate Gabbro, minor Sudbury breccia Dark gray, mottled gray to black, medium - grained to fine - grained. Gabbro is often finely brecciated, is cut by sparse, generally thin, Sudbury breccia seams and by sparse thin quartz ± pyrite veins Pale green aphanitic Sudbury breccia predominates, carries minor gabbro fragments. Upper contact at 45, lower contact at 50 to core axis Gabbro is gray, and is fine to medium - grained. Sparse chloritic fractures at 30, 40, 60 to core axis Quartz vein 20 mm thick at 60 to core axis Quartz vein 10 mm thick at 35 to core axis Fracture zone, core considerably broken Gabbro exhibits considerable epidote alteration and is cut by very thin quartz veins.

12 DAMOND DRLL RECORD Property: Post Creek Hole No. PC PageS From - To Rock Type Description Quartzite, Pink - brown to gray. Upper contact on fine - grained quartz - rich breccia (Sudbury breccia?) 5 mm feldspathic thick at 75 0 to core axis. Rocks carry trace fine - grained disseminated pyrite and pyrrhotite, and are sandstone cut by minor Sudbury breccia and by thin quartz veins Wacke, minor Fine - grained, gray. Cut by generally thin quartz veins, quartz - epidote veins. Sudbury breccia Several thin quartz and quartz - epidote veins at to core axis Several quartz - epidote veins up to 20 mm thick at to core axis Section is c.30% quartz vein breccia Section is c.50% quartz vein breccia, angular wal/rock and Sudbury breccia fragments in quartz. Pyrrhotite, very minor chalcopyrite, and pyrite occur in quartz and in tiny veins within Sudbury breccia fragment. Overall <1% sulphides in section Sampled as noted below. See end of log for assays and multi-element CP-AES results Sample Sample Sample 99797!

13 DAMOND DRLL RECORD Property: Post Creek Hole No. PC Page 9 From - To Rock Type Description Mafic Fine - grained, colour variable from pale green to greenish - gray to gray, in part fragmental, metavolcanics, occasionally foliated. Patchy epidote alteration is fairly common. Cut by sparse Sudbury breccia and minor Sudbury by quartz, quartz - epidote veins. Minor pyrrhotite, lesser chalcopyrite, and pyrite occur in tiny breccia fractures in the metavolcanics and in quartz veins Quartz vein breccia carries trace - <1 % pyrrhotite and pyrite Quartz vein breccia Quartz vein, 30 mm thick at 70 to core axis , Trace very fine - grained chalcopyrite in quartz vein Trace very fine - grained pyrite and chalcopyrite in quartz associated with very thin seam of Sudbury breccia Trace pyrite in quartz vein and in tiny fractures in metavolcanics Foliation (due to parallel fragments and mineral grains) at 50 0 to core axis Pyrrhotite and lesser chalcopyrite in tiny fractures in metavolcanics and in very thin quartz veins. Overall <1 % sulphide Fracture zone, core badly broken.

14 DAMOND DRLL RECORD Property: Post Creek Hole No. PC Page 10 From - To Rock Type Description Sudbury breccia Predominantly green, gray, black, aphanitic, cut by c.5-10% quartz ± carbonate veins and irregular zone quartz patches. Carries trace fine - grained pyrite and chalcopyrite Foliation (banding) at 40 to core axis Chalcopyrite bleb 4 x 10 mm across on margin of thin quartz vein Quartz - carbonate vein, upper contact at 80, lower contact at 60 to core axis Quartz - carbonate vein breccia, carries trace pyrite Quartz - carbonate vein Quartz - carbonate vein breccia, upper and lower contacts at 70 and 65 to core axis respectively Gabbro, minor Fine to generally medium - grained gabbro, cut by seams of Sudbury breccia and by thin quartz ± Sudbury breccia carbonate veins which occasionally carry trace fine - grained pyrite and chalcopyrite Sudbury breccia, pale to mid - green, aphanitic, banded. Banding at 30 to core axis. Upper contact sharp at 40 to core axis. At lower contact appears to grade into gabbro Fault gouge and parallel Sudbury breccia seam, thin quartz vein and chloritic slips, whole is mm thick at 50 to core axis Pale green randomly oriented amphibole common in gabbro.

15 DAMOND DRLL RECORD Property: Post Creek Hole No. PC Page 11 From- To Rock Type Description Sudbury breccia zone Sudbury breccia matrix carries gabbro and wacke fragments and trace fine - grained disseminated pyrite, is cut by sparse thin quartz veins. Upper contact sharp at 40 to core axis Mafic metavolcanics, Sudbury breccia Fine - grained to very fine - grained, dark green to pale green. n part thinly banded to laminated, in part fragmental. Epidote common. Cut by considerable Sudbury breccia Banding at 70 to core axis , , Thin bright orange veins 2 mm thick at 40 and 20 to core axis Banding at 90 to core axis Banding at 65 to core axis Sudbury breccia zone Pale green contorted aphanitic bands carry wacke and gabbro fragments. Lower contact at 50 to core axis Wacke, minor Sudbury breccia Gray, fine - grained Sudbury breccia, pale green, contorted banding Sparse chalcopyrite grains, 1-2 mm across, in wacke adjacent to thin seams of Sudbury breccia.

16 DAMOND DRilL RECORD Property: Post Creek Hole No. PC Page 12 From- To Rock Type Description Mafic Upper contact fairly sharp at 40 to core axis. metavolcanics, i minor Sudbury Mafic metavolcanics cut by thin seams of Sudbury breccia thin quartz veins. breccia Quartz vein, upper contact 40, lower contact at 60 to core axis, carries wallrock inclusions. End Quartz vein, very irregular, at 0, 20, 70 to core axis, carries numerous wallrock inclusions. Notes: Hole location data supplied by O. Maki, Namex Explorations nc. Acid dip test at 174m, dip 50, Assays pending. Multi-Element CP-AES analyses pending. /~/ta.' j A )f~ip'.

17 KEY MAP LOCATON OF CLAM S NORMAN TOWNSHP, SUDBURY MNNG DSTRCT SCALE 1 :20,000

18 N PC (_50, m~. S PC (-50, m) #2 Post o o, Scale 100m t' NAMEX EXPLORATONS NC. PLAN OF DRLL HOLES PC & PC CLAM S , POST CREEK PROPERTY NORMAN TOWNSHP, SUDBURY MNNG DSTRCT SCALE 1 : 2,500

19 PC (_50, m) :,- 105 LEGEND m 4 Sudbury breccia 3 Gabbro 2 Mafic metavolcanics 1 Wacke 1 a Quartzite, feldspathic sandstone fz fault zone, shear zone s sampled interval NAMEX EXPLORATONS NC. o t Scale 100m SECTON ON DRLL HOLE PC LOOKNG NORTHEAST CLAM S , POST CREEK PROPERTY NORMAN TOWNSHP, SUDBURY MNNG DSTRCT SCALE: 1: 2,500