ASSESSMENT REPORT TITLE PAGE AND SUMMARY

Transcription

1 ASSESSMENT REPORT TITLE PAGE AND SUMMARY TITLE OF REPORT: Diamond Drilling Report on the Jacobie Lake Copper Prospect TOTAL COST: $83,692 AUTHOR(S): P. E. Fox PhD P.Eng SIGNATURE(S): NOTICE OF WORK PERMIT NUMBER(S)/DATE(S): MX STATEMENT OF WORK EVENT NUMBER(S)/DATE(S ): YEAR OF WORK: 2013 PROPERTY NAME: Jacobie CLAIM NAME(S) (on which work was done): COMMODITIES SOUGHT: Copper MINERAL INVENTORY MINFILE NUMBER(S),IF KNOWN: MINING DIVISION: Cariboo NTS / BCGS: 93A12 LATITUDE: " LONGITUDE: " (at centre of work) UTM Zone: 10 EASTING: E NORTHING: N OWNER(S): Eagle Peak Resources MAILING ADDRESS: Georgia St, Vancouver, BC V6B 4M9 OPERATOR(S) [who paid for the work]: Eagle Peak Resources MAILING ADDRESS: West Georgia St vancouver BC REPORT KEYWORDS (lithology, age, stratigraphy, structure, alteration, mineralization, size and attitude. Do not use abbreviations or codes) Upper Triassic Quesnellia Copper REFERENCES TO PREVIOUS ASSESSMENT WORK AND ASSESSMENT REPORT NUMBERS: Fox, P.E., Geochemical and Geological Report on the Jacobie Lake Property, Aris assessment Report Kulla, G., 2001.Geological and Geochemical report on the Morehead Property.. Aris assessment report

2 TYPE OF WORK IN EXTENT OF WORK ON WHICH CLAIMS PROJECT COSTS THIS REPORT (in metric units) APPORTIONED (incl. support) GEOLOGICAL (scale, area) Ground, mapping Photo interpretation GEOPHYSICAL (line-kilometres) Ground Magnetic Electromagnetic Induced Polarization Radiometric Seismic Other Airborne GEOCHEMICAL (number of samples analysed for ) Soil Silt Rock Other DRILLING (total metres, number of holes, size, storage location) m NQ core $83,692 Core Non-core RELATED TECHNICAL Sampling / Assaying Petrographic Mineralographic Metallurgic PROSPECTING (scale/area) PREPATORY / PHYSICAL Line/grid (km) Topo/Photogrammetric (scale, area) Legal Surveys (scale, area) Road, local access (km)/trail Trench (number/metres) Underground development (metres) Other TOTAL COST $83,692 Page 2 of 2

3 ASSESSMENT REPORT DIAMOND DRILL REPORT JACOBIE LAKE COPPER PROSPECT Cariboo Mining Division NTS93A12 Latitude 52 21, Longitude 121 o 42 UTM N, E For EAGLE PEAK RESOURCES INC Georgia St Vancouver, BC By P. E. Fox, PhD., P.Eng Richmond, B.C. October 5, 2013 Event No

4 i Table of Contents SUMMARY... i INTRODUCTION... 1 LOCATION... 1 CLAIMS... 1 HISTORY... 3 REGIONAL GEOLOGY... 5 GEOLOGY... 5 MINERALIZATION... 5 WORK PROGRAM... 7 RESULTS... 7 CONCLUSIONS AND RECOMMENDATIONS... 7 COST STATEMENT... 9 STATEMENT OF QUALIFICATIONS BIBLIOGRAPHY TABLES TABLE 1: CLAIM LIST....3 TABLE 2: EXPENDITURES.....9

5 i FIGURES FIGURE 1: LOCATION MAP...2 FIGURE 2: CLAIM MAP...4 FIGURE 3: REGIONAL GEOLOGY 6 FIGURE 4: GEOLOGICAL MAP FIGURE 5: DRILL PLAN APPENDECES APPENDIX 1: DRILL LOGS APPENDIX II: CROSS SECTIONS 14

6 i SUMMARY This report documents work done by Eagle Peak Resources Inc in 2013 on the Jacobie prospect. Work comprised metres of diamond drilling in three holes on the Jacobie property eastt of Jacobie Lake, British Columbia. Holes were designed to test a zone of chalcocite-rich rocks trending northwest from the original trenches near Jacobie Mountain. No mineralization was observed during the program.. Expenditures total $ 83,692.

7 1 INTRODUCTION This report documents work done by Eagle Peak Resources Inc in 2013 on the Jacobie prospect area, part of a large claim block collectively known as the Miocene project. Work comprised 600.1metres of diamond drilling in three holes to test previous work. Results of the program are detailed herein and recommendations made for continuing work. Expenditures total $ 83,692. Work was paid for by Eagle Peak Resources. LOCATION The Jacobie property lies in the Cariboo Mining Division on map sheet 093A/12 (Figure 1). The prospect lies east of Jacobie Lake 20 km southwest of Likely. It is reached via the Jacobie Lake public road 7 km from the Likely Highway. The claims lie in the Quesnel Highlands physiographic region of the Interior Plateau which is characterized by numerous lakes, broad valleys and low rolling hills and rocky escarpments. Local vegetation consists of pine, spruce, birch, alder and poplar interspersed with meandering streams, shallow lakes, grasslands and boggy wetlands. Glacial till, often thick, predominates and outcropping bedrock, generally Roche moutonee and rocky rubble, is rare. CLAIMS The Property consists of ten mineral tenures covering an area of 1063 hectares (Figure 2, Table 1). Expiry dates assume the work documented herein is accepted for assessment requirements. Work was filed on October 1, 2013 under event # Work was completed between September 2, 2013 and September 28, 2013 under Mine Permit MX and was ongoing throughout that period. All claims are in good standing until April 30, 2015.

8 FIGURE 1 LOCATION MAP Jacobie

9 3 HISTORY Placer and bedrock exploration of the region began with the discovery or placer gold deposits in Subsequent placer discoveries were made at Cedar Creek, Antler Creek, Keithley Creek and along the Quesnel River. The Likely- Horsefly region was extensively prospected. Government sponsored airborne geophysical surveys and regional geochemical surveys prompted extensive exploration activity. The QR gold deposit was discovered in 1975 and the Mount Polley mine, a few kilometers to the east of the claim area, was discovered in 1966 and commenced production in The area west of Mount Polley in the vicinity of the Jacobie claims has been explored by Milestone Mines (1966), Silver City Petroleum (1967), Lecmac Mines Ltd (1973), Dome Exploration and Newconex (1975), Quintanna Resources (1976), Hennesy Resource Corp. (1984), Pamicon Developments Ltd. (1991), White Channel Resources Inc. (1993)and Navarre Resource Corp. (1996). Globex Mining Enterprises prospected the Jacobie showing in 1994 and 1996 completing a program of geological mapping, magnetometer surveying and extensive trenching including excavation of the main showing area. Further mapping and geochemical soil sampling was done by Phelps Dodge Corporation in 2000 (Kulla, 2001). Eagle Peak Resources completed a follow-up soil and rock sampling program in 2011 (Fox, 2011). TABLE 1 JACOBIE CLAIM LIST Tenure No Claim Expiry date Ha Miracle 8 April Jacobie NW2 April Jacobie NE April Jacobie 6 April Jacobie North April Jacobie NW April Jacobie April Likely 1 April Jacobie 7 April Jacobie 8 April

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11 5 REGIONAL GEOLOGY The Miocene claim group lies along the Central Quesnel Terrane, a complex continentmargin basin forming a regional synclinal structure west of the North American plate during the Triassic-Jurassic (Panteleyev, 1996). Oldest strata are black shale, argillite, siltstone and sandstone of Middle Triassic age. These rocks underlie much of the Miocene claim area. Overlying this older unit are basaltic pillow lava and breccia of Norian age and still younger fault-bounded blocks of Lower Jurassic felsic breccia. Extensive beds of Jurassic pebble conglomerate, shale, siltstone and sandstone with thin red bed units underlie the southwest corner of the Miocene claim area. These rocks are cut by numerous Cretaceous granitic bodies and are overlain by extensive flat lying Chilcotin group basalt flows of Miocene age. Regional geology of the Jacobie area is given in Figure 3. GEOLOGY The Jacobie claims are underlain by grey and maroon basaltic flows and breccia of the Nicola Group (Figure 4). Felsic breccia (Lower Jurassic?) overlies these rocks to the east with local beds of limestone and greywacke (Bailley 1990). Irregular zones of maroon basalt underlie the summits of Jacobie Mountain and low ridges to the west near Jacobie Lake, some mineralized with zones of chalcocite and native copper. A pinkish quartz porphyry dike is exposed on the access road leading south along the east shore of Jacobie Lake. Other dikes were intersected in holes13-2 and 3. MINERALIZATION Mineralization consists of veinlets and stringers of chalcocite, covellite and minor native copper dispersed throughout a grey-green basalt breccia exposed on a low ridge west of Jacobie Mountain (Fox, 2011). This area was trenched in 1996 and backfilled at that time. However rubble and spoil remain showing large amounts of malachite- and azurite-stained talus that marks the old trench areas.

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13 7 WORK PROGRAM The 2013 program comprised m of diamond drilling in three holes north and west of the historic prospects near Jacobie Mountain. A drill plan is given in Figure 5. Drilling was performed by Atlas Drilling of Kamloops BC using a LGG2 track-mounted portable unit designed and manufactured by Atlas. The drill rig is designed to be a portable, small footprint unit to minimize environmental disturbance. Setups were established on existing logging roads minimizing overall disturbance. NQ core was recovered and logged at the Company core facility east of Gavin Lake a few kilometres from the property. Core was not sampled at this time. Drill logs are given in Appendix I and cross sections in Appendix ll. Work was done under permit MX RESULTS Holes 1,2 and 3 cored inlayered units of massive grey and maroon basalt of the Nicola Group (unit 2 of Bailey, 1990) and thin bedded redbed sandstones and mudstones. These rocks comprise augite-plagioclase porphyritic rocks composed of 35% euhedral augite phenocrysts and 20% tabular plagioclase phenocrysts set in a fine grained maroon matrix. Vesicular zones are common, usually filled with calcite and pinkish zeolite. Clay and brown carbonate alteration is common. No mineralization was noted during the drilling program. Core was not sampled at this time CONCLUSIONS AND RECOMMENDATIONS.The basalt units cored during the current program are barren of chalcocite mineralization. No further work along the mineralized trend west of Jacobie Mountain is warranted at this time. However the north target area, which returned rock samples assaying 5.4% copper (Fox 2011), was not tested during the current program and remains a possible target area for future work.

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15 9 COST STATEMENT Work expenditures are tabulated below in Table 2. TABLE 2. EXPENDITURES Miracle Project Item Rates Cost Labour K.Tattersall, technician 7,650 P Fox, geologist i/c, supervision 20days@950 19,000 26,650 Drilling Atlas Drilling 600.1m@$72 43,007 Accomodation,board Sandman Inn 37days@155 5,735 Vehicle cost 2x17days@150 5,100 Field costs 500 Report Preparation P Fox Phd PEng 3 days@900 2,700 Project total $83,692 Prepared by P.E. Fox PhD.,P.Eng October 5, 2013

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17 11 STATEMENT OF QUALIFICATIONS I, Peter E. Fox of Richmond, British Columbia do hereby certify that I: am a graduate of Queens University in Kingston, Ontario with a Bachelor of Science and Master of Science degrees in Geological Sciences in 1959 and 1962, and a graduate of Carleton University, Ottawa, Ontario with a degree of Doctor of Philosophy in am a member of the Association of Professional Engineers and Geoscientists of British Columbia #8133. have practiced my profession since am the author of the report entitled Diamond Drilling Report Jacobie Lake Copper Prospect and supervised all of the work therein. Dated at Richmond, British Columbia this 5 th Day of October, 2013 Respectfully submitted, Peter E. Fox PhD.,P.Eng. October 5, 2013

18 12 BIBLIOGRAPHY Bailey, D.G., 1990: Geology of the Central Quesnel Belt, British Columbia; B.C. Ministry Energy, Mines and Petroleum Resources, Open File Bailey, D.G., 1996: Geology of the Central Quesnel Belt, British Columbia; B.C. Ministry Energy, Mines and Petroleum Resources, Geological Survey Branch, Bulletin 97. Burdett, J.,1991.Prospecting Report on the JC 3,4 and 6 Mineral claims. Aris assessment report Campbell, J.I., Reconnaissance of B Property. Aris assessment report Fox, P.E., Geochemical and Geological Report on the Jacobie Lake Property, Aris assessment Report Kikauka, A., Geological and Geophysical Report on the JC 1 Claim, Jacobie Lake, Likely, BC.. Aris assessment report Kikauka, A., Geological and Geophysical Report on the J 1-4 Claim Group, Jacobie Lake, Likely, BC.. Aris assessment report Kulla, G., 2001.Geological and Geochemical report on the Morehead Property.. Aris assessment report Montgomery, A., Assessment Report on a Prospecting and Geological Work Program JC 1 and 2 Mineral Claims. Aris assessment report Simpson, R.G., Geological Mapping and Geochemical report on the Jacobie 2 Mineral Claim.. Aris assessment report Todoruk, S., Geochemical Assessment Report on the Bud 1-4 Claims.. Aris assessment report Wright, S.W., Geochemical survey Jacobie Group of Mineral Claims. Aris assessment report 885.

19 13 APPENDIX I DRILL LOGS

20 Project: Jacobie EAGLE PEAK RESOURCES HOLE# 13-1 Dip Tests M Obs Location E, N Section Started 09/17/13 Azimuth 220 Elevation 1220 Completed 09/22/13 Dip -45 Date logged Logged by Pfox Length Core NQ Sampled by Purpose Test geochem anomaly From To Description Rk Sample to length Overburden casing not sampled BASALT Mottled maroon/grey, vesicular, 30%augite phenocrysts 25% tabular plagioclase in aphanitic maroon matrix. Calcite veins common 60 0 CA, vesilcles calcite and pinkish zeolite fillings. Chlorite-calcite on fractures. Varies from vesilcular maroon to massive grey basalt. Possibly trace chalcite(?) brown carbonate veinlets (siderite?) BASALT Mainly grey basalt, 30% plagioclase phenocrysts 10% augite in aphanitic brown matrix. Local maroon sections hematitic fine grained tuff, bedding 30 0 CA Brown carbonate veinlets throughout. Stockwork of calcite veinlets 45 0 Ca 46m patchey epidote veinlets BASALT Plagioclase-rich unit, predominantly grey, mottled maroon, vesicular throughout, pinkish zeolite fillings, minor calcite. Vesicles 30% of unit.calcite veinlets common 600 CA, Eagle Peak Resources Prepared by P.E. Fox 10/1/2013 Hole13-1 Page 1

21 From To Description Rk Sample to length local brown carbonate veins 10mm BASALT Plagioclase rich unit, 40% 3mm tabulat subhedral crystals. Numerous vesicles 20% of rock. Local maroon sandstone MUDSTONE Maroon mudstone and hematite-rich sandstone, Bedding 80 o CA SANDSTONE-TUFF Fine grained clastic unit - probably corse tuff or sandstone. Vesicular frabments , genetally maroon, locally very fine grained and weakly bandeed.local jasper. Bedding 80o CA, locally basaltic units with augite and plagioclase phenocrysts BASALT Maroon, carbonate altered, plagioclase-rich, local sediments BASALT Grey, plagioclase-rich, 50% plagioclase phenocrysts, 20% augite Massive SANDSTONE, TUFF? Grey-maroon lapillistone and tuffaceous sandstone volcanic clastic unit. Locally massive BASALT Maroon, orange-brown, intensely clay-altered, augite phenocrysts Eagle Peak Resources Prepared by P.E. Fox 10/1/2013 Hole13-1 Page 2

22 From To Description Rk Sample to length altered to clay, nonvesicular, massive. Calcite veinlets common, brown carbonate alteration common clay rubble and broken core. EOH BASALT Grey massive basalt, clay altered, no vesicles. Eagle Peak Resources Prepared by P.E. Fox 10/1/2013 Hole13-1 Page 3

23 Project: Jacobie EAGLE PEAK RESOURCES HOLE# 13-2 Dip Tests M Obs Corr Location E N Section Started 9/22 Azimuth 210 Elevation 1165 Completed 9/25 Dip -45 Date logged Logged by PF Length 178.9m Core Sampled by Purpose From To Description Rk Sample to length Casing QUARTZ PORPHYRY Massive quartz feldspar dike,25% 3mm quartz phenocrysts 20% blocky plagioclase in fine grained quartzofeldspathic matrix. Highly oxidized, barren BASALT Rusty, broken rubbly core , massive, local vesicle clusters. Intensely clay altered, hematitic matrix, augite phenocrysts altered to brownish clays. Plagioclase phenocrysts set in hematite matrix Gouge, rubble, no core BASALT Grey basalt, fresh looking, augite-rick, 20% plagioclase phenocrysts. Barren BASALT Maroon, few vesicles, calcite-brown carbonate fillings, clay altered. Eagle Peak Resources Prepared by P.E. Fox 10/1/2013 Hole 13-2 Page 1

24 From To Description Rk Sample to length BASALT Grey, augite-plagioclase phenoscrysts clay altereed, no vesicles. Calcite veinlets common 60 o CA. 30% augite. Maroon sediments m bedding 90 o CA. Vesicular basalt m. Maroon mud, clay gouge m BASALT Maroon, clay-altered with augite clay pseudomorphs. Grades to grey basalt at 112.5m. Local calcite vugs BASALT Massive grey augite basalt, minor vesicular clusters, barren BASALT Maroon basalt, clay altered, numerous brown carbonate veinlets QUARTZ PORPHYRY DIKE Pinkish orange, quartz, plagioclase phenocrysts BASALT Grey, massive augite basalt, barren. Eagle Peak Resources Prepared by P.E. Fox 10/1/2013 Hole 13-2 Page 2

25 Project: Jacobie EAGLE PEAK RESOURCES HOLE# 13-3 Dip Tests M Obs Corr Location E N Section E Started 9/25 Azimuth 210 Elevation 1065 Completed 9/27 Dip 45 Date logged Logged by PF Length Core NQ Sampled by no samples Purpose Test geochem and rock anomaly From To Description Rk Sample to length Casing not sampled BASALT Maroon and grey vesicular basalt: BASALT Grey massive basalt, augite and plagioclase phenocrysts 3mm. Local vesicle clusters calcite zeolite filled. Barren MAROON SANDSTONE Maroon coloured, medium grained bedded sandstone, bedding 80 o CA grey vesicular basalt. Unit grades to grey coarse clastic unit at BASALT Maroon visicular basalt BASALT DIKE Grey augite porphyry chilled contacts 60 o CA BASALT Maroon vesicular basalt, 20% vesicles calcite filled. Eagle Peak Resources Prepared by P.E. Fox 10/1/2013 Hole 13-3 Page 1

26 From To Description Rk Sample to length Basalt dike chill margin 60o ca BASALT Grey massive basalt, non vesicular. 60% augite phenocrysts in maroon fine grained matrix BASA;LT Maroon, [;agioclase rich,intensely clay altered augite phenocrysts BASALT DIKE Grey, augite plagioclase with brown carbonate veinlets throughout 40 o CA BASALT Maroon, intensely clay altered, hematite on fractures Rubbly core BASALT Grey, augite rich, minor vecilcular sections EOH QUARTZ PORPHYRY DIKE Grey to pinkish. Contact 45 o CA Eagle Peak Resources Prepared by P.E. Fox 10/1/2013 Hole 13-3 Page 2

27 14 APPENDIX II CROSS SECTIONS

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