6000 ELI l 5750 EL LEGEND. PLACER DOME (CLA) LIMITED CLAIM # Section Looking North East. o, ffi. o Ko ' COfH O O O CO.

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2 H O O O CO 6000 ELI l O o; o, ffi 00 o Ko ' COfH 5750 EL BIF CAS FZ LEGEND Banded Iron Formation Casing Fault Zone Talc Chlorite Rock Uniform Greenstone Scale: l" 60' PLACER DOME (CLA) LIMITED CLAIM # Section Looking North East

3 PLACER DOME CANADA LIMITED DOME MINE BOX 70 SOUTH PORCUPINE. ONTARIO PON 1HO (705) TELECOPIER (705) Code Explanation Explanation of Codes Used In Diamond Drilling Report Hole MC , Deloro Township Placer Dome CLA Limited alb albite feldspar BIF Banded Iron Formation ea core axis CaCO3 calcium carbonate cb carbonatized (with CaCO3) GAS casing cbl chlorite ct contact (geological) cpy chalcopyrite diss disseminated fsp feldspar fx fracture jnt joint Imt limonite msv massive mt magnetite po pyrrhotite py pyrite Q quartz (alteration type... SiO2) qz quartz Talc Chlorite Rock tr trace Uniform Greenstone vn vein vnlet veinlet

4 Placer Dome (CLA) Limited Hole No: Township: Deloro Claim No: Location: N , E (Mine Grid) Core Location: South Porcupine Length: feet Azimuth: 295 deg Dip: -55 deg Objective: To test banded iron formation for gold content. Commenced: April 29, 1997 Completed: April 29, 1997 Drilling Co: Bradley Bros. Core Size: NQ Casing Left/Lost in Hole: feet From To Assay (97t) Code CAS BIF BIF Sample* E EO EO EO E E E E E E E E E E Stratigraphic Unit Description ' CASING ' UNIFORM GREENSTONE (see below) ' BANDED IRON FORMATION Layers of magnetite (0.17-2") and chert ( ") at 55-62/ca. Local fracture-filling pyrrhotite, chalco pyrite and pyrite. UC@657ca ' UNIFORM GREENSTONE Green-grey volcanic with local faint pillows and variolites. Generally massive w/patchy CaCOS alteration. Local CaCOS strings, some w/anhedral py. Generally trace to D.3% py. Local weak foliation at 32-41/ca. Upper ' C CHLORITE ROCK Soft, moss green altered volcanic rock that is speckled with albite. Patchy CaCOS alteration. Weakly Occasional quartz veins with oxidized hematitic feldspar. Scattered faults. Upper ' UNIFORM GREENSTONE (As above) Sample Interval Description limonite-stained tr cpy, semi-msv po in fractures, mtech bands Imnt jnt@137ca, po+cpy+py in fx's, 8" silicified 'til 31.7', subhedral py+cacos subhedral py+cacos strings subhedral py+cacos py+cacos flowtop breccia (cb) py+cacos strings trace diss py, patchy CaCOS alt'n tr diss py foliation 40-32/ca over interval (chl wisps) 0.6" qz-alb-caco3-chl trdiss py 1" qz-fsp (hematitic) tr diss sulphides in talc-chlorite unit qz string 0.2" alb-qz 0.1 'brecciated fault w/0.6" clay gouge 19.5' talcose EOH 144.5' Upper Qz Vein (ins) Qz Vein W Alteration Type Q Alt'n Strength Moderate Foliation Angle 53 Weak 45 Weak Weak Foliation Strength Weak Weak Weak 62 Weak o/opy/ po Logged by: Lisa Spracklin, April 30, 1997 Signature: Page 1

5 Ontario Ministry Northern o Development f and Mines Declaration of Assessment Work Performed on Mining Land Mining Act, Subsection 65(2) and 66(3), R.S.O Transaction Nurr Assessment File o 2. Personal inforn Mining Act, the Questions a bo 933 Ramsey Li 42A06NE DELORO 900 Instructions: - For work performed on Crown Lands before recording a clairg^use.irofcuse f o - Please type or print in ink. 1. Recorded holder(s) (Attach a list if necessary) Name Client Number Address Telephone Number i(2) and 66(3) ol the Mining Act. Under section B of the sment work and correspond with the mining land holder 3try of Northern Development and Mines, 6th Floor. Fax Number Name Client Number Address Telephone Number Fax Number O 6 2. Type of work performed: Check ( s ) and report on only ONE of the following groups for this declaration. D Work Type Geotechnical: prospecting, surveys, f y Physical: drilling, stripping, assays and work under section 18 (regs) ^ trenching and associated assays QVKvAov^o o^ ^ i fvic^ VAA-^Es Y-S.E. Dates Work c Performed From If) OA i *3^V To -to,oa i 5Taar Day Monlh Year Day Month ^ Y Global Positioning System Data (if available) Township/ Area M or G-Plan Number Commodity Office Rehabilitation Use Total S Value of Work Claimed ^~ 7J# NTS Reference Mining Division ^-^y Resident jgeologialf J District (jdjjjj, fa tjati&i. Please remember to: - obtain a work permit from the Ministry of Natural Resources as required; - provide proper notice to surface rights holders before starting work; - complete and attach a Statement of Costs, form 0212; - provide a map showing contiguous mining lands that are linked for assigning work; - include two copies of your technical report. 00 f 3. Person or companies who prepared the technical report (Attach a list if necessary) 4. Certification by Recorded Holder or Agent l, *~rp^ fvoa-, do hereby certify that l have personal knowledge of the facts se (Print Name) forth in this Declaration of Assessment Work having caused the work to be performed or witnessed the same during or after its completion and, to the best of my knowledge, the annexed report is true. Signature of Recorded Holder or Agent Date Agent's Address "/o 0... Telephone Number Fax Number

6 5. Work to be recorded and distributed. Work can only be assigned to claims that are contiguou the mining land where work was performed, at the time work was performed. A map showing the co, must accompany this form. Mining Claim Number. Or if work was done on other eligible mining land, show in this column the location number indicated on the claim map. eg eg eg TB Number of Claim Units. For other mining land, list hectares. 16 ha 12 2 l Column Totals Value of work performed on this claim or other mining land. ) S26, S 8, 892 )-f? * 4To4^ Value of work applied to this claim. N/A S24,000 S 4,000 "2.CCO Value of work assigned to other mining claims. S24, O f B to at S2, ,892 *-b ttoj^ SvtoSSgE l, IN, do hereby certify that the above work credits are eligible under (Print Full Name) subsection 7 (1) of the Assessment Work Regulation 6/96 for assignment to contiguous claims or for application to the claim where the work was done. Signature ol Recorded Holder or Agent Authorized in Writing 9* v^c^avt- 6. Instructions for cutting back credits that are not appro efesclenceassessmen- Some of the credits claimed in this declaration may be cut ba K. Please check ( v ) i n the boxes below to show how you wish to prioritize the deletion of credits: D 1. Credits are to be cut back from the Bank first, followed by option 2 or 3 or 4 as indicated. D 2. Credits are to be cut back starting with the claims listed last, working backwards; or CD 3. Credits are to be cut back equally over all claims listed in this declaration; or D 4. Credits are to be cut back as prioritized on the attached appendix or as follows (describe): Sate Note: If you have not indicated how your credits are to be deleted, credits will be cut back from the Bank first, followed by option number 2 if necessary. For Office Use Only, Received Stamp Deemed Approved Date Date Notification Sent 0241 (02/96) MAY, y.'tfo (c) PORCUPINE MINING DIVISION Date Approved Approved for Recording by Mining Recorder (Signature) Total Value ol Credit Approved

7 Ontario Mmislry Ol Northern Development and Mines Statement ot Costs for Assessment Credit Transaction Muir Personal Inlormation collected on this form Is obtained under the authority of subsection 6(1) of the Assessment Work Regulator section 6 ol the Mining Act, the information is a public record. This Inlormation will be used to review the assessment work and t the mining land holder. Questions about this collection should be directed to the Chief Mining Recorder, Ministry of Northern Dev... K...em and Mines, 6th Floor. 933 Ramsey Lake Road, Sudbury, Ontario, P3E 6B5. -bmjwa^o Work Type n^vao^ov^vv^-v^t, ^^M^ Units of Work Depending on the type o( work, list the number ol hours/days worked, metres ol drilling, kilo metres ol grid line, number ol samples, etc. ^ f-c^. AcV A*C-Vfc.1O "ovj^. V^-^HW^ Cost Per Unit of work?sfs? fr. vacva&t!: SiV^i. v-^v-*- Nf^/ 1 Total Cost ^ 'o's^fei 4o.oo Associated Costs (e.g. supplies, mobilization and demobilization). ^c, v^atvoa 4- t^^o^-v^vova / "2-^.. ^y Transportation Costs Food and Lodging Costs Calculations of Filing Discounts: RECEIVED ^^ f l Work filed within two years of performance is claime GfOBdtBMOEtASS^SMlW? Value of Assessment Work, 2. If work is filed after two years and up to five years a ter perforrrqfftjcgt can only De claimed at 500Xo of the Total Value of Assessment Work. If this situation applies to your claims, use the calculation below: L-f^j ^D~"f"C!^*Vr J?*^2X TO VALUE OF ASSESSMENT WORK x Total S value of worked claimec Note: - Work older than 5 years is not eligible for credit. - A recorded holder may be required to verify expenditures claimed in this statement of costs within 45 days of a request for verification and/or correction/clarification. If verification and/or correction/clarification is not made, the Minister may reject all or part of the assessment work submitted. Certification verifying costs: l,, do hereby certify, that the amounts shown are as accurate as may (please print lull name) reasonably be determined and the costs were incurred while conducting assessment work on the lands indicated c the accompanying De lorded holder, agent, or slate company position with signing authority) l am authori lo make this certificat MAY VO (c) PORCUPINE MINING DIVISION Signature Date TV,

8 Ministry of Northern Development and Mines Ministere du Ontario Developpement du Nord et des Mines September 26, 1997 Lisa Spracklin PLACER DOME (CLA) LIMITED P.O. Box 70 South Porcupine, ON PON 1HO Geoscience Assessment Office 933 Ramsey Lake Road 6th Floor Sudbury, Ontario P3E 6B5 Telephone: (888) Fax: (705) Dear Sir or Madam: Submission Number: Subject: Transaction Number(s): Status W Deemed Approval We have reviewed your Assessment Work submission with the above noted Transaction Number(s). The attached summary page(s) indicate the results of the review. WE RECOMMEND YOU READ THIS SUMMARY FOR THE DETAILS PERTAINING TO YOUR ASSESSMENT WORK. If the status for a transaction is a 45 Day Notice, the summary will outline the reasons for the notice, and any steps you can take to remedy deficiencies. The 90-day deemed approval provision, subsection 6(7) of the Assessment Work Regulation, will no longer be in effect for assessment work which has received a 45 Day Notice. Please note any revisions must be submitted in DUPLICATE to the Geoscience Assessment Office, by the response date on the summary. If you have any questions regarding this correspondence, please contact Steve Beneteau by at beneteau-s@torv05.ndm.gov.on.ea or by telephone at (705) Yours sincerely, ORIGINAL SIGNED BY Blair Kite Supervisor, Geoscience Assessment Office Mining Lands Section Correspondence ID: Copy for: Assessment Library

9 Work Report Assessment Results Submission Number: Date Correspondence Sent: September 26, 1997 AssessonSteve Beneteau Transaction Number W Section: 16 Drilling PDRILL First Claim Number Township(s) l Area(s) DELORO Status Deemed Approval Approval Date August 29, 1997 Correspondence to: Resident Geologist South Porcupine, ON Assessment Files Library Sudbury, ON Recorded Holder(s) and/or Agent(s): Lisa Spracklin PLACER DOME (CLA) LIMITED South Porcupine, ON Page: 1 Correspondence ID: 11373

10 OGDEN TWR SHAW TWF? NJ O

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