Lustdust Introduction

Transcription

1 Lustdust Introduction

2 N 126º 18 W Kemess Cirque Akie 230kV POWER LINE BEAR LAKE 56º 22 N Sustut Williston Lake CN. RAIL Lorraine 29 Lustdust TAKLA LANDING Kwanika GERMANSEN LANDING MACKENZIE Bell Granisle SMITHERS Mt. Milligan Bennet Dam 97 Bullmoose Equity Silver 16 FORT ST. JAMES Endako CN. RAIL k i l o m e t r e s 100 PRINCE GEORGE L E G E N D Existing mine Developed prospect Railway Highway Power line Lorraine Copper Corp. Lustdust Property British Columbia, CANADA General Location Map Date Dec NTS Fig Scale as shown By

3 Alpha Gold Corporation Lustdust Claims Lustdust Property Lorraine Copper Corp. Aurora Geosciences Ltd. Lustdust Skarn Fault Kwanika Creek (Serengeti Resources) Figure 4.2. Lustdust Property dispositions Deposit Potential and Data Evaluation of the Lustdust Property 5 P a g e

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5 after Richard Sillitoe, Porphyry Copper Systems, Society of Economic Geologists, Jan-Feb, 2010 Takla Silver Bralorne Takla Hg Mine Lustdust Manto Lustdust LRC g/tAu over7.6m Lustdust Porphyry Lustdust Skarn 2.5KM Examples and 6.8% Pb+Zn

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7 Summary of Manto (Replacement) Mineralization (As Sampled by Teck Resources in 1996) #1 Zone Mineralized veins consist of massive sulfides and massive sulfosalts varying in width from 0.7 to 2.0 meters. There are at least three veins trending north-south and dipping steeply to the east over a strike length of at least 200 meters. The veins parallel felsic dykes and are hosted in limestone occurring structurally in an antiform on top of graphitic phyllite. Grades determined by Teck Corp in 1996 were: Gold g/t Silver g/t Lead 5.8%-7.8% Arsenic % Antimony 4.3%-6.8% Grades determined by Campbell in 1966 [22 thousand tons blocked out] were: Gold Silver Lead -Zinc 0.12 ounces per ton (4.11 g/t) 23.4 ounces per ton (802.3 g/t) 5% combined Zone #4B Described by Teck Corp as a sulfide replacement deposit. Mineralization consists of massive sulfide hosted by limestone. Seven trenches spanning a 185 meter interval in Zone 4B are described from the 1996 work. Results included: Trench g/t gold, g/t silver, 6.4% zinc and 1.8% lead over 2.6 meters Trench g/t gold, g/t silver, 11.0% zinc over 6.6 meters Trench g/t gold, 86.3 g/t silver, 18.4% zinc and 0.36% copper over 1.5 meters and 4.92 g/t gold, 79.4 g/t silver, 17.8% zinc and 0.41% copper over 1.5 meters and 3.10 g/t gold, 82.9 g/t silver, 18.1% zinc over 3.0 meters Trench g/t gold and 10.5% zinc over 13.5 meters Including 0.13 g/t gold, 18.9% zinc and 0.36% copper over 4.5 meters #4 Zone The #4 Zone is located north of the#4b zone and transitions from replacement mineralization in limestone to massive garnetite skarn. The width of the#4 Zone in 1996 was cited as indeterminate but estimated to be at least 100 meters wide. Results include: Trench HTr# g/t gold, g/t silver and 1.49% copper over 5.0 meters (hand trench) #3 Zone Extension This zone is underlain by nondescript limestone mineralized with a yellow to red oxide. Results included: Trench g/t gold, 49.5 g/t silver and 2.9% zinc over 6.6 meters Trench 96-17b 4.99 g/t gold and g/t silver over 6.7 meters Trench 96-17d 1.08 g/t gold and g/t silver over 6.0 meters

8 #3 Zone This zone is underlain by nondescript limestone. In 1996 this zone was trenched over a strike length of approximately 400 meters. Mineralization consists of oxides. Results included: Trench g/t gold, 10.7 g/t silver and 4.6% zinc over 28.0 meters Including 3.51 g/t gold, 22.7 g/t silver and 3.8% zinc over 15.0 meters Trench g/t gold, 77.3 g/t silver, 1.35% zinc and 2.25% lead over 3.8 meters #2 Zone In 1996 this zone was tested by three trenches over a 55 meter strike length. Mineralization consists of oxides occurring in the contact area of limestone and a mafic tuff on the footwall side of the tuff. Results included: Trench g/t gold, 97.9 g/t silver, 2.0% zinc and 1.9% lead over 9.0 meters Trench g/t gold, g/t silver, 2.5% zinc and 2.0% lead over 4.8 meters Trench g/t gold, g/t silver, 2.1% zinc and 3.3% lead over 2.2 meters Subsequent Exploration of #3 Zone Extension (Alpha Gold 2006 and 2011) In 2006 Alpha Gold (now ALQ Gold) excavated three trenches on roughly 40 meter centers starting approximately 150 meters to the north of where Teck had stopped. Oxide mineralization hosted in limestone was encountered. Results included: Trench g/t gold, 18.8g/t silver and 3.1% zinc over 4.5 meters Trench g/t gold, 39.0 g/t silver and 1.8% zinc over 8.0 meters Trench g/t gold, 26.4 g/t silver and 2.1% zinc over 10.3 meters Grab sample (from trench TR06-2) 1.50g/t gold, 2,210.0 g/t (64.46 oz/t) silver, 1.1% zinc and 22.3% lead In 2011 new manto style mineralization was discovered during reclamation in a ditch at E, N. This discovery is approximately a further 700 meters to the northwest of the 2006 trenches. Three grab samples for the ditch averaged 440 ppb gold, 12.0 g/t silver and 0.16% copper. The area was subsequently recommended for trenching which has not yet been done. Combined Strike Length of Replacement Style Mineralization (Mantos and Veins) in 1996 Mapping completed by Teck in 1996 shows the massive sulfide (oxide) mineralization at Lustdust to continue over an interval of at least 1,700 meters. And potentially for 2,100 meters to the 2011 ditch discovery Significant Drill Holes (2003) in Mantos and Veins g/t gold, g/t silver, 5.7% zinc and 1.1% lead over 5.0 meters g/t gold, g/t silver and 0.8% zinc over 7.4 meters g/t gold, 12.6 g/t silver and 13.7% zinc over 3.7 meters g/t gold, 96.9 g/t silver, 2.5% zinc and 6.7% lead over 5.2 meters

9 Summary 1.) Limestone hosted massive sulfide (and oxide) mantos, veins and replacement bodies at Lustdust can be followed in a northwesterly direction more or less continuously for at least 1,700 meters and possibly 2,100 meters. These bodies vary from 0.7 to 28.0 meters in width averaging somewhere between 4.0 and 5.0 meters. 2.) These replacement bodies are generally gold, silver and zinc rich often occurring with appreciable quantities of arsenic and antimony. 3.) Gold values vary from less than 1.0 g/t to greater than 14.0 g/t averaging somewhere between 2.50 and 3.50 g/t gold. 4.) Zinc values vary for 1.0% to approximately 20%. TR-06, with a trench intercept of 10.5% zinc over 13.5 meters including 18.9% zinc over 4.5 meters, is an example of a higher zinc intercept. Two populations may exist in which one includes gold, silver, arsenic and antimony with zinc while the other population contain less gold, silver, arsenic and antimony. 5.) Silver varies from less than 10.0 g/t to greater than 2,000.0 g/t averaging somewhere between 50.0 and 75.0 g/t silver. A 1991 Dolmage Campbell report quotes a 2 foot sample taken underground which assayed 425 ounces per ton silver (14,592 g/t). 6.) Reverse circulation drilling completed in 2006 at lower elevation in the valley around the old mercury mine encountered anomalous zinc (to 1,570 ppm) in holes drilled approximately 1.5 kilometers north of the mine. This suggests that other favourable areas for replacement mineralization may exist parallel to the currently known trend.

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11 Lustdust Skarn and Porphyry

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13 Lustdust High Grade Skarn Examples with 0.67 g/t gold and 0.80% copper over 59.4 meters from m. (Az 50 0 Dip -60 0, E, N) with 0.68 g/t gold and 0.92% copper over 37.5 meters from m. (Az 50 0 Dip -75 0, E, N) with 36.7 g/t gold, g/t silver and 2.89 % copper over 9.7 meters from to m. (Az 48 0 Dip-61 0, E, N) Incomplete holes ending in skarn grading 0.34% copper and 0.38 g/t gold at 174 meters at EOH. (Az Dip-50 0, E, N) Mineralized Porphyry (molybdenum) biotite diorite with Cu to 0.1% over narrow intervals and molybdenum to 633 ppm from 85 to 271m. (Az Dip-55 0, E, N) O1-34 monzonite porphyry, extremely anomalous molybdenum to 840 ppm from 14 to 273m. (Az 40 0 Dip-45 0, E, N) biotite diorite from 49m to EOH at 186 m. (Az 50 0 Dip-50 0, E, N) monzonite from 33 to 228 (then 7 m of hornfelse) and EOH at 235m. (Az 50 0 Dip-60 0, E, N) monzonite with molybdenum to 8320 ppm (0.83% Mo) from 232 to 286 m (Az 90 0 Dip-50 0, E, N) O1-40 monzonite from 44m to EOH at 243m. (Az 90 0 Dip-75 0, E, N) monzonite/diorite from 23m to EOH at 270m. (Az Dip-60 0, E, N) LD meters, diorite with repetitive reference to molybdenum as disseminations and in quartz veinlets, no samples collected. (Az 50 0 Dip-70 0, E, N)

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18 Lustdust Gold Intercepts (includes skarn with high gold) LD20-02 (AZ 270 Dip -45, E, N) 2.8 g/t Au, 59.5 g/t Ag and 3.9% Cu over 3.4 meters from 84.2 to 87.5 meters and 2.5 g/t Au, 329.1g/t Ag,3.4% Cu and 10.4% Zn over 3.4 meters from 95.4 to 98.8 meters Mineralization is in skarn LD20-5 (AZ 35 Dip -75, E, N) 3.1g/t Au, g/t Ag, 3.9% Cu and 3.5% Zn over 2.5 meters from 97.7 to meters Mineralization is in skarn LD20-6 (AZ 95 Dip -70, E, N) 4.2 g/t Au,151.7 g/t Ag, 5.1% Cu and 3.1% Zn over 2.7 meters from 99.9 to meters Mineralization is in skarn LD20-7 (AZ 95 Dip -85, E, N) 5.3 g/t Au, 98.5 g/t Ag and 2.9% Cu over 2.7 meters from to meters Mineralization is in skarn LD20-09 (Az 25 Dip -80, E, N) 8.7 g/t Au and 3.6 g/t Ag over 7.1meters from 64.1 to 71.2 meters and 2.1g/t Au,105.4 g/t Ag and 3.2% Cu over 2.9 meters from 85.5 to 84.4 meters and 9.6 g/t Au, and g/t Ag over 2.1 meters from 99.0 to meters Mineralization is in skarn and in vein with sulfasalts LD20-13 (AZ 65 Dip -75, E, N) 2.8 g/t Au, 34.3 g/t Ag and 2.2% Cu over 14.3 meters from 84.4 to 98.7 meters Mineralization is in skarn LD20-17 (AZ 45 Dip -75, E, N) 4.4 g/t Au, 41.5 g/t Ag and 2.5% Cu over 7.1meters from 90.5 to 97.6 meters Mineralization is in skarn

19 LD20-20 (AZ 25 Dip -70, E, N) 1.8 g/t Au, g/t Ag, 2.6% Cu and 17.0% zinc over 4.1meters from to meters Mineralization is in limestone. LD20-22 (AZ 55 Dip -60, E, N) 3.7 g/t Au, 65.1 g/t Ag and 2.1% Cu over 2.2 meters from to meters Mineralization is in skarn LD20-23 (AZ 55 Dip -70, E, N) 1.4g/t Au, 24.4 g/t Ag and 2.1% Cu over 13.9 meters from to meters Mineralization is in skarn LD20-24 (AZ 55 Dip -50, E, N) 3.9 g/t Au, 39.0 g/t Ag and 1.3% over 1.6 meters from to meters and 12.4 g/t Au and 17.0 g/t Ag over 0.3 meters from to meters Mineralization is in skarn LD20-26 (AZ 27 Dip -75, E, N) 5.1 g/t Au, 78.6 g/t Ag and 2.7% Cu over 2.2 meters from to meters Mineralization is in skarn DDH-2-02 (Az 50 Dip -57, E, N) 61.3 g/t Au and g/t Ag and 0.87% Cu over 1.0 meter from meters Massive sulfide at the contact of retrograde skarn and limestone. DDH (Az 50 Dip 50, E, N) 5.99 g/t gold over 2.0 meters from meters Structurally derived breccia discovered accidentally following shallowing of hole. DDH02-09 (Az 48 Dip-61, E, N) 36.7 g/t Au, g/t Ag and 2.89% Cu over 9.7 meters from to meters Near the contact of retrograde skarn and limestone (Az 270 Dip-68, E, N) g/t gold, g/t silver, 5.7% zinc and 1.1% lead over 5.0 meters from to 140.0m, massive sulfide in limestone at cherty argillite contact, near feldspar porphyritic dyke

20 03-11 (Az 274 Dip -68, E, N) 4.77 g/t gold, g/t silver and 0.8% zinc over 7.4 meters from to meters, Stringers of pyrite, arsenopyrite, stibnite and sphalerite hosted in cherty argillite (Az 65 Dip -66, E, N) 6.66 g/t gold, 12.6 g/t silver and 13.7% zinc over 3.7 meters from to m in oxidized massive sulfides, particularly pyrite, hosted in limestone (Az 65 Dip -45, E, N) 20.51g/t gold, 96.9 g/t silver, 2.5% zinc and 6.7% lead over 5.2 meters. Hosted in limestone (yellow-orange oxide) - Carlin Style? LD (Az 86 Dip -55, E, N) 50.7 g/t Au over 0.6 meters from to meters. Mineralization in prograde skarn associated with arsenopyrite, pyrrhotite and trace chalcopyrite. No sampling for the 58 meters above or the 10 meters below this intercept. LD04-08 (Az 76 Dip-55,346857E, N) g/t Au over 1.2 meters from to meters Weakly mineralized prograde skarn with patches of pyrrhotite and blebs of chalcopyrite. No sampling for 26 meters above and 46 meters below this intercept. LD04-13 (Az 87 Dip-70, N, N) g/t Au over 1.6 meters from meters. Prograde skarn with pyrrhotite as massive patches and blebs and blebs of chalcopyrite. No sample for 3 meters above. One sample over 2 meters below this intercept LD (Az 50 Dip -45, E, N) 22.6 g/t Au over 1.5 meters from to meters. (the 2005 report this as extending the CCS footwall high grade zone to 400 meters) LD05-17 (Az 50 Dip -60, E, N) 2.7 g/t Au, 85.1 g/t Ag and 2.13% cu over 8.5 meters from to meters This hole is 35 meters from LD (36.7 g/t Au, g/t Ag and 2.89% Cu over 9.7 meters In skarn style high-grade gold

21 LRCOG-23 (Reverse circulation hole) (Az 0 Dip-90, E, N) g/t gold over 7.6 metres from 68.6 to 76.2 metres including 46.9 g/t over 1.5 meters from 70.1 to 71.7 meters. Mineralization occurs in limestone with yellow/orange oxide. DDH (Az 96 o Dip 142 o, E, N 2.33 g/t gold over 7.8 meters from to meters and 5.36 g/t gold over 4 meters from to meters in skarn

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23 Lustdust Valley Zone In reverse circulation holes were drilled in the valley in the general area of the Bralorne Takla Mercury Mine. These vertical holes were spread over an area measuring 2,200 meters by 400 meters spaced on 100 meter centres on lines spaced 500 meters from each other. The most successful hole was hole LRC with an intercept of 6.1 meters grading g/t gold starting at a depth of 70.1 meters. This hole is located on the extreme southeast corner of the area tested. The individual assays that contributed to the g/t intercept were 0.214, 1.305, and g/t gold each over 1.5 meters. These samples were replicated three times and while the numbers jumped all over the place the composite results were comparable. As an example of this variability re-assays included an original assay of g/t gold which became 0.634, 1.83 and 2.62 g/t gold on each of the subsequent re-assays. Lithologies encountered in these holes are predominantly limestone, argillite and ash tuff (including lapilli tuff) with minor ultramafic rock, quartz veins and felsite dykes. Several zones of strong arsenic mineralization were identified (sometimes occurring with an orange yellow oxide) in limestone in holes closest to gold mineralization. LRC was twinned with diamond drill hole LD While LD did not directly replicate the numbers obtained in the reverse circulation hole it did encounter 16.8 meters grading g/t gold (from 89 meters)including values to 2.60g/t gold over 1.5 meters and a second intercept of g/t gold over 1.5 meters starting at meters. The hole intersected limestone with pyrite veining, an unidentified orange-yellow oxide, siderite and zones of breccia. A second diamond drill hole LD drilled 50 meters further to the west intersected 3 meters grading g/t gold (starting at 121 meters). This hole also intersected limestone with some sections displaying a strong orange-yellow oxide stain and arsenic values reaching 804 ppm. A third drill hole LD (probably actually RCH-06-22) was drilled 200 meters west of RCH This hole encountered argillite and ash tuff. The change in geology suggests a fault located between these holes. No reassays were completed for the diamond drill holes and rock quality determinations (RQD) were often very low (100% being totally intact core and 0% being completely broken). Much of hole LD had an RQD of only a few percent and the high grade interval of interest had an RQD averaging only 21%. The area to the south and east of the mineralized holes (LRC-06-23, LD and LD-06-32) remains untested. The nature of the mineralization in these holes, (limestone hosted, associated with arsenic mercury and antimony, proximity to a major fault (Pinchi) and proximity an Eocene intrusion has commonalties to Carlin Style mineralization. More drilling is warranted. The odd change in the sequence of drill holes from west to east, 21 followed by 22 followed by24 followed by23 may indicate a mistake in the data set in which the coordinates for RCH and RCH have been reversed. If this in fact what has occurred then the high grade intercept may have been obtained from the location of RCH and not twinned by a diamond drill hole completed at the location of RCH

24 Despite the fact that the area drilled surrounds the former producing Bralorne Takla Mercury Mine very little mercury was encountered in the drilling with the exception of hole LRC Other Reverse Circulation Drilling Highlights LRC and LRC with long intervals of anomalous zinc (to 1570 ppm) in argillite with local quartz and pyrite LRC-06-07, ash tuff seemingly with intercalated limestone. Copper is anomalous in ash tuff with individual samples reaching 4600 ppm copper tentatively identified as mineralized with native copper. (LRC was twinned by diamond drill hole LD which confirms the geology. Only 2 samples were analysed from the diamond drill hole.) LRC-06-08, Ash tuff and limestone with anomalous interval from feet ( m) 1,080 ppm arsenic and ppm gold LRC Limestone with local orange oxide and anomalous interval from 45 to 100 feet (13.7 to 30.4 m) averaging 1,182 ppm arsenic with values maximizing at 5,050 ppm As. LRC-06-24, Limestone with an anomalous interval from 45 to 100 feet (13.7 to 30.4 m) starting with anomalous arsenic to 1330 ppm and ending in anomalous mercury to 6330 ppm. The arsenic occurs higher in the hole and drops off as the mercury is encountered. Spotty gold to ppm occurs throughout the hole Recommendations Complete further sampling in hole LD (limestone, lapilli tuff, ash tuff and silicified argillite), only 2 samples so far submitted. Resample hole LD-06-31, particularly the interval which should twinning the high grade intercept in hole RCH (keeping in mind the nugget effect demonstrated by the repeat assays of the high grade intercept in reverse circulation hole RCH-06-23) Resample hole LD (again keeping in mind the nugget effect demonstrated by the repeat assays of the high grade intercept in reverse circulation hole RCH-06-23) Further reverse circulation drilling (to avoid the poor rock quality identified by the diamond drill coring). In this regard detail the area around RCH with four holes collared 10 meters north, 10 meters south, 10 meters east and 10 meters west of this hole to confirm the high grade intercept. (Note - despite the predominant attitude of faults in the vicinity of the Bralorne Takla Mine being The principal vein mined in 1943 had a strike of and a dip of 55 0 to the SW.) Source: 2006 Assessment Report

25 9/28/2011 APPENDIX C 1 GEOPHYSICAL MAPSF Tzx (In-line) In-Phase Profiles over 90Hz Rotated Tzx In-Phase Grid 1 Full size geophysical maps are also available in PDF format on the final DVD Report on Airborne Geophysical ZTEM and Magnetic Survey for Alpha Gold Corporation C

26 348,500 E 349,000 E 349,500 E # # # ,161,500 N ,161,500 N # # # # # 6,161,000 N # # # # # 6,161,000 N 6,160,500 N # # # # 6,160,500 N 1100 # # # 6,160,000 N 6,160,000 N # # # # # 348,500 E SCALE 1:10, ,000 E 349,500 E Kilometers Lust Dust Project Drilling 24 Apr 07

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29 Kwanika Trend

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