Serengeti Resources Inc. 2005 GEOCHEMICAL REPORT ON THE DARBY PROPERTY Located in the Johanson Lake Area Omenica Mining Division NTS 94D/9 56 degrees and 34 minutes North Latitude 126 degrees and 9 minutes West Longitude - prepared for - SERENGETI RESOURCES INC. Suite 500, 602 West Hastings Street Vancouver, B.C., Canada V6B 1P2 by: M.J. Osatenko
TABLE OF CONTENTS Summary...3 Introduction...3 Location and Access...3 Property Title...3 Property Exploration History...4 Regional Geology...4 Property Geology...5 Geochemistry...5 Conclusions...5 List of Plates Plate 1- Location map Plate 2- Claim map Plate 3- Rock geochemical results List of Appendices Appendix 1- Bibliography Appendix 2- Rock geochemical results for the Darby property Appendix 3- Geologist s certificate Appendix 4- Statement of Expenditures for the Darby property 2
1.0 SUMMARY The Darby property covers 2,442 hectares in mountainous terrain in north-central British Columbia, approximately 260 kilometers northwest of Fort St. James. Access to most of the property is currently by helicopter with a road through the northeast corner. The property is located in the Quesnel Trough which hosts numerous alkalic porphyry copper-gold mines and deposits from southern to northern B.C., in dioritic and monzonitic plugs and stocks. The main ones in the area of the property are the Kemess mine and the Lorraine and Mt.Milligan deposits. In 2005, Serengeti Resources carried out a program of rock sampling. This work yielded 2,030ppm Cu and 127ppb Au over 37m in the strongest part of the copper-gold soil anomaly. 2.0 INTRODUCTION The Darby property was acquired to cover a large copper-gold soil anomaly, reported from previous workers, that is associated with porphyry copper type showings and an aeromagnetic anomaly. 3.0 LOCATION AND ACCESS The Darby property is situated in the Omenica Mining Division just south of Johanson Lake, approximately 260 kilometers northwest of Fort St. James Plate 1). It is located on NTS map sheet 94D/9, at latitude 56 degrees 34 minutes North and longitude 126 degrees and 9 minutes West and between UTM 672000mE and 676000mE and 6269000mN and 6275000mNNAD 83, Zone 9). The Omenica Mining Road passes through the northeastern part of the property with access to most of the property by helicopter from the Road or the Bergie Camp at the northern end of Johanson Lake. The property is in mountainous terrain with moderate to steep slopes rising from about 1,450m to m. It is sparely forested with spruce and pine at the lower elevations and alpine vegetation above 1,600m. 4.0 PROPERTY TITLE The Darby property consists of five contiguous mineral claims 2,442 hectares, Plate 2) which are owned by Serengeti Resources Inc.record numbers 514427-535has., 514428-446 has., 514429-571has., 532791-445has. and 532794-445 has.) 3
5.0 PROPERTY EXPLORATION HISTORY 5.1 Previous Work In the early 1970 s the property area was explored by the UMEX-Wenner Gren Joint Venture. Their work consisted of stream sediment sampling and an aeromagnetic survey over the property as part of much larger survey. Copper stream sediment anomalies, associated with aeromagnetic anomalies, were identified. Major General Resources Ltd. acquired the property and did prospecting Leriche and Luckman, 1991/1991) followed by 96.8km of grid lines, geological mapping and rock and soil/talus fines sampling, 109 and 848 samples respectively Taylor and Leriche, 1992). This work outlined a strong, 4,500m by 700m copper-gold soil anomaly, associated with porphyry copper gold showings, at the contact of propylitized monzodiorite and andesite. No IP surveys or drilling was apparently done. Hemlo Gold Mines Inc. did a small grid over a part of the area gridded by Major General and duplicated their copper-gold soil anomaly Gill, 1994). In 2004 Serengeti Resources Inc. carried out a program of stream sediment and rock sampling and confirmed some of the copper and gold anomalies from previous work. 5.2 2005 Exploration Program A program of rock sampling was carried out on the Darby property on 2005. This program was based from the Bergie Camp at the north end of Johanson Lake and helicopter supported. A total of eight rock samples were collected from the main coppergold soil anomaly2,500m by 500m)to test for significant grades. 6.0 REGIONAL GEOLOGY The Darby property lies in the 1,km long by 35km wide Quesnel Trough which hosts numerous alkalic porphyry copper-gold deposits from southern to northern B.C. In the area of the property the Kemess Mine is located 70km to the northwest while the Lorraine and Mt. Milligan deposits are found 80km and 210km to the southeast respectively. To the west, deformed and uplifted Permian Cache Creek Group rocks are separated from Quesnel Trough by the Pinchi fault. To the east, the Manson fault Zone separates this belt from the uplifted Proterozoic/early Paleozoic Wolverine metamorphic complex and the Mississippian Permian Slide Mountain and Cache Creek Groups. In the Mt. Milligan-Johanson Lake area the Takla Group Quesnel Trough) sequence is dominated by alkalic to subalkalic dark green tuffs, andesitic to basaltic volcanic breccias and flows of similar composition. These volcanic rocks are intruded by syenite, monzonite, monzodiorite and diorite plug and stocks, which are associated with the porphyry copper-gold mineralization, and are coeval with the volcanic rocks. 4
7.0 PROPERTY GEOLOGY The geology of the Darby property is taken mainly from Leriche and Taylor 1991)and consists of porphyritic, augite andesite with andesitic tuff that are intruded by monzodiorite, monzonite, diorite, quartz diorite and pyroxenite plugs and stocks. Minor copper-gold showing, of the porphyry-type, are present and are associated with zones of propylitic alteration. Pyrite, chalcopyrite and malachite are reported from the showings. Thirty two mineralized rock samples from the strongest part of the copper-gold soil anomaly average 3,200ppm copper and 196ppb gold. 8.0 GEOCHEMISTRY The analytical results for copper and gold in rock samples taken are shown in Plate 3 with the results in Appendix 2. The most significant result were from samples OR-575,351ppm Cu and 224ppb Au/2m)and OR-581,841ppm Cu and 122ppb Au/35m)with a combined sample of 2,030ppm Cu and 127ppb Au/37m. Sample OR-57 was a chip sample while sample OR- 58 consisted of a rock piece every 1m. Both these samples were collected from the strongest copper and gold soil anomaly with both samples showing strong propylitic alterationminor seconday K-feldspar)with chalcopyrite and malachite. 9.0 CONCLUSIONS The Darby property lies in part of the Quesnel Trough that hosts the porphyry coppergold Kemess mine and two significant porphyry copper-gold deposits at Lorraine and Mt. Milligan. Previous work by Major General outlined a large copper-gold soil anomaly, associated with porphyry copper gold showings, that is large enough to host a significant porphyry deposit. The rock types and associated alteration seen are consistent with the types of rocks which elsewhere in the Quesnel Trough host important porphyry coppergold deposits. Rock sampling in the strongest copper and gold soil anomaly yielded 2,030ppm Cu and 127ppb Au/37m. As the Darby property has received only limited, early stage exploration further geological mapping and rock sampling is recommended. Respectfully submitted, Myron Osatenko, P.Geo. Serengeti Resources Inc. Vancouver, British Columbia June 15, 2006 5
APPENDIX 1 BIBLIOGRAPHY 1) Leriche, Peter D. and Luckman, N. 1991): Prospecting Report on the Joh 1-2 and 11-12 Claims; Assessment Report 21,781. 2) Leriche, Peter D. and Luckman, N. 1991): Prospecting report on the Joh 3-10 Claims; Assessment Report 21,782. 3) Taylor, A.B. and Leriche, Peter D.1992); Geological and Geophysical Report on the Joh Claims; Assessment Report 22,585. 4) Gill, D. Graham1994): Geological and Geochemical Report on the Joh Claims; Assessment Report 23,543. 6
APPENDIX 2 Rock geochemical results for the Darby property LabNo. FieldNo. Au Cu Pb Zn Ag As Ba Cd Co Ni Fe Mo Cr Bi Sb ppb ppm ppm ppm ppm ppm ppm ppm ppm ppm % ppm ppm ppm ppm R0529256 OR-55 40 54 <4 8 <.4 8 12 <1 2 2 1.57 20 159 5 <5 R0529257 OR-55-1 56 502 <4 31 0.4 4 30 <1 12 4 3.02 <2 29 6 <5 R0529258 OR-56 60 409 <4 23 0.7 2 25 <1 7 3 2.30 <2 24 <5 <5 R0529259 OR-57 224 5351 <4 30 1.9 <2 12 <1 16 14 2.96 26 42 <5 <5 R0529260 OR-58 122 1841 18 43 1.2 <2 41 1 18 12 3.43 <2 40 <5 <5 R0529269 MR-56 30 335 <4 12 0.4 4 75 <1 10 5 2.55 12 38 5 <5 R0529270 MR-58 20 334 4 18 0.6 6 108 <1 25 16 2.84 7 112 6 <5 R0529271 MR-59 102 828 5 34 1.4 2 90 1 29 59 4.90 <2 103 <5 <5 LabNo. FieldNo. V Sn W Sr Y La Mn Mg Ti Al Ca Na K P ppm ppm ppm ppm ppm ppm ppm % % % % % % ppm R0529256 OR-55 25 <2 <2 3 <2 4 75 0.21 <.01 0.30 0.05 0.08 0.03 264 R0529257 OR-55-1 100 <2 <2 92 6 12 374 0.87 0.16 1.28 1.16 0.09 0.10 1432 R0529258 OR-56 84 <2 <2 93 7 14 240 0.48 0.14 0.92 1.16 0.09 0.09 1535 R0529259 OR-57 103 <2 4 85 7 13 245 0.76 0.25 1.27 1.28 0.09 0.06 958 R0529260 OR-58 112 <2 <2 81 7 14 491 1.22 0.20 1.55 1.64 0.10 0.13 986 R0529269 MR-56 79 <2 3 132 6 18 121 0.49 0.18 1.20 0.80 0.13 0.27 1043 R0529270 MR-58 95 <2 <2 29 4 15 202 0.86 0.19 1.17 0.83 0.15 0.39 443 R0529271 MR-59 90 <2 5 70 5 18 361 1.19 0.11 1.50 1.68 0.13 0.08 1182 ANALYTICAL METHODS: Au Aqua regia decomposition / solvent extraction / AAS Wt Au The weight of sample taken to analyse for gold geochem) ICP PACKAGE : 0.5 gram sample digested in hot reverse aqua regia soil,silt) or hot Aqua Regiarocks). 7
ROCK DESCRIPTIONS Sample number Type of Sample Description OR-55 grab diorite, chloritized, quartz veinletspy) OR-55-1 grab diorite, chloritized, epidote on fractures, minor cpy, malachite OR-56 grab diorite, chloritized, numerous epidote/rusty fractures with cpy, py OR-57 2m chip andesite, chloritized, abundant malachite, epidote OR-58 35m grab andesite, highly chloritized, strong epidote in fractures with cpy, py, sec. Kf MR-56 1m grab diorite, epidote, rusty, weakly magnetic, malachite MR-58 1m grab gabbro, 1-2%py, tr cpy, quartz-epidote stringers MR-59 5m chip rusty shear zone 8
APPENDIX 3 GEOLOGIST S CERTIFICATE I, Myron Osatenko, of 5458 Wildwood Crescent, Delta, B.C., in the Province of British Columbia, DO HEREBY CERTIFY: 1. THAT I am Chief Geologist with Serengeti Resources Inc., a junior mining company. 2. THAT I am a graduate of the University of British Columbia with Bachelor and Master of Science degrees in Honours Geology. 3. THAT I am a Professional Geoscientist registered and good standing with the Association of Professional Engineers and Geoscientists of the Province of British Columbia#22,125). 4. THAT this report is based on fieldwork carried out be me on September 6, 2005 and on publicly available reports on the Darby property. DATED at Delta, British Columbia, this 15 day of June, 2006. Myron Osatenko Myron Osatenko, P.Geo. 9
APPENDIX 4 STATEMENT OF EXPENDITURES FOR THE DARBY PROPERTY September 6, 2005 to June 16, 2006 PROFESSIONAL FEES AND WAGES Myron Osatenko 1 day @ $500/day ---------------------------- $500.00 David Moore 1 day @ $500/day----------------------------------- $500.00 EQUIPMENT RENTALS Helicopter $689.22 EXPENSES Chemical Analyses---------------------------------------------------- $144.00 Field expenses----------------------------------------------------------$402.06 Report------------------------------------------------------------------- $500.00 Subtotal $2,735.28 Overhead Charge10%) 273.52 Total $3,008.80 10
60ºN WHITEHORSE Y U K O N YELLOWKNIFE N. W. T. Hay River 55ºN A L A S K A DARBY PROPERTY l A L B E R T A Prince Rupert Prince Rupert Kitimat Smithers Mackenzie Fairview High Prairie B R I T I S H C O L U M B I A Prince George Grande Cache Whitecourt Whitecourt Hinton Jasper EDMONTON Le W 50ºN Port Hardy Red Olds 130ºW P A C I F I C O C E A N 125ºW Comox Vancouver 120ºW Kamloops Merritt Vernon Revelstoke Gibsons Kelowna Haney Hope Princeton Nelson Duncan Osoyoos Trail VICTORIA Creston U. S. A. Kimberley 115ºW Banff Calga High SERENGETI RESOURCES INC. DARBY PROPERTY LOCATION MAP 0 75 150 kilometres Date Aug 30, 2005 Scale 1:8000,000 Plate Projection UTM Zone 10 - NAD83 State/Province BC 1 Author File MO Aeromag
Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Darb Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake 6276000m N 672000 670 674000 675000 676000 677000 678000 679000 680000 6276000 6275000m N N Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson 6275000 Lake 6274000m N 6274000 6270m N 532794 532791 514427 6270 6272000m N 6272000 6271000m N 514428 514429 6271000 6270000m N 6270000 6269000m N 6269000 6268000m N 6268000 6267000m N 6267000 6266000m N 672000m E 670m E 674000m E 675000m E 676000m E 677000m E 678000m E 679000m E 680000m E 6266000 SERENGETI RESOURCES INC. DARBY PROPERTY 0 500 1000 1500 2500 CLAIM MAP metres Date June 15, 2006 Scale 1:50,000 Figure Projection UTM Zone 9 - NAD83 State/Province BC 2 Author File MO DarbyBase
N 6275000m N 6274000m N 6270m N 6272000m N 30 6271000m N 6270000m N 674000m E 674000m E 675000m E 675000m E 676000m E 676000m E 677000m E 677000m E 678000m E 678000m E Lake Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Johanson Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Lake Darb Lake 670m E 6275000m N 6274000m N 6270m N 6272000m N 6271000m N 6270000m N 6269000m N MR04-30 155, <10 ML04-34 174, 32 OR-10 60, <10 OR-12 17, <10 ML04-33 114, 40 ML04-32 157, 70 ML04-31 100, 41 1841,122 409,60 502,56 54,40 OR-58 OR-55-1 OR-55 5351,224 MR-59 828,102 MR-58 334,20 MR-56 335,30 6269000m N 2,200 2, 2,400 2,200 2,200 900 900 900 900 900 900 900 900 900 900 2,3 2,200 600 600 600 600 600 600 600 600 600 1,700 900 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 OR-56 OR-57 L E G E N D stream sediment sample rock sample 217, <10 Cu ppm), Au ppb) 0 100 200 500 metres SERENGETI RESOURCES INC. DARBY PROPERTY Rock, Soil and Stream Sediment Geochemistry Date Scale Plate June 16, 2006 1:10,000 Projection State/Province UTM Zone 10 - NAD83 BC Author File MO ShadowAss 3 600 1,600 1,500 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 900 600 1,500 1,500 900 2,700 1,600 DARBY DARBY DARBY DARBY DARBY DARBY DARBY DARBY DARBY PROPERTY PROPERTY PROPERTY PROPERTY PROPERTY PROPERTY PROPERTY PROPERTY PROPERTY 600 1,700 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 600 1,500 672000m E 672000m E 670m E 1,700 1,600 1,700 2,200 ANDESITE 2,200 PYROXENITE, GABBRO MONZODIORITE ANDESITE COPPER SOIL ANOMALY contours in ppm) MONZODIORITE ANDESITE QUARTZ MONZONITE ANDESITE Geology and copper soil geochemistry after Major General Resources Ltd, 1992,000