DIAMOND DRILLING RPT - Ontario · 2017. 1. 16. · consulting geologist Tim Maunula, P.Geo. of Wardrop Engineering conducted preliminary reconnaissance work and were successful at

• Poplar Hill

Casummit Lake • •

Report on the 2006 Drill Program at the U6 - Savant Gold Property,

Conant Twp., Ontario

CAN A D A

Cat Lake

ONTARIO

Lansd House

Fort Hope

Claims: P A 3013466 and P A 3013467 NTS: 52J09

90 25' 00" W - 50 30' 00" N

Report Prepared for:

A va/on Ventures Ltd. Suite 1005,

111 Richmond Sf. W. Swain Post Toronto, Ontario

Canada, M5H 2G4

Kenora o

Ear Falls o

Sioux Lookout ,. oDryden

Baudette ' -. - .~ ~._ ' - ' j> Fort l)-a.!'ces

* Fee Spur o • Savant Lake

• Beard

Schre iber • Te rrace Bay

MINNESOTA ,~ -, ., ",. ' ~- '/ , ...... _.,,-""-

o Thunder Bay -.-

JAN 1 L 2007

by:

Jean-Philippe Desrochers, Ph.D. , P.Geo. Consulting Geologist

.3392 3

January 10, 2007

J-P Desrochers Avalon Ventures Ltd Report on the 2006 Drill Program at the U6-Savant Property, NW Ontario Pagei

JPD

Report on the 2006 Drill Program at the U6 - Savant Gold Property, Conant Twp., Ontario.

Avalon Ventures Ltd. Suite 1005, 111 Richmond Sf. W Toronto, Ontario Canada, M5H 2G4

Tel: (416) 364-4938 • Fax: (416) 364-5162

January 10, 2007

Jean-Philippe Desrochers, Ph.D., P.Geo. Consulting Geologist

January 10, 2006

J-P Desrochers Avalon Ventures Ltd Report on the 2006 Drill Program at the U6-Savant Property, NW Ontario Page ii

Table of Contents

1 Introduction ............................................................................................. 1 2 Location, access and previous work .................................................... 3 3 Geological Setting .................................................................................. 4

3.1 Property Geology ............................................................................. 4 3.1.1 Mineralization ....................................................................... 5

4 Diamond Drill Program ........................................................................... 8 4.1 Drill hole descriptions ....................................................................... 9 5 Interpretation and Conclusions ........................................................... 13 6 Recommendations ................................................................................ 14 7 References ............................................................................................. 15

JPD January 10, 2006

J-P Desrochers Ava/on Ventures Ltd Report on the 2006 Drill Program at the U6-Savant Property, NW Ontario Page iii

JPD

List of Tables

Table 1. List of boreholes ............................................................................. 8

Table 2. List of best assays - 2006 diamond drill program .......................... 1 0

List of Figures

Figure 1. Location map of the U6-Savant Property ........................................... 2 Figure 2. Claim map of the U6-Savant property with area covered .................. 3 Figure 3. Geology map of the Savant Lake area (G.S.C. Open File

#4255) ............................................................................................... 6 Figure 4. Compilation map of the central part of the U6-Savant property

with boreholes location (Modified from Wardrop, 2005). The thick black lines indicate the location of the channel samples lines .................................................................................................. 7

Figure 5. Photograph of core. a) Mafic dyke in borehole SL06-01 at 81 metres. 8) Tectonic breccia in a quartz-feldspar porphyry dyke in borehole SL06-04 at 150 metres ......................................... 9

January 10, 2006

J-Ph. Desrochers Avalon Ventures Ltd Geological Report on the U6-Savant property. NW Ontario

Page 1

1 Introduction

During October 2006, Avalon Ventures Ltd ("Avalon") completed a diamond drilling program consisting of six (6) boreholes totalling 978 metres to test the gold potential of two (2) mineralized corridors located in the central part of the U6-Savant gold property.

The U6-Savant gold property is located in Conant Township, Ontario, approximately 210 kilometres northwest of Thunder Bay (figure 1). The U6-Savant gold property is comprised of 2 claims covering 1280 acres and title is registered to Teck Cominco Limited (figure 2). On January 25, 2005, Avalon signed an option agreement with Teck Cominco to earn a 100% undivided interest in the property by incurring $500,000 in expenditures on the property over four (4) years, including a firm commitment to fund a minimum $50,000 work program in the first year and a $150,000 work program in the second year. To date, Avalon has spent over $200,000 (including the cost of the 2006 drill program) sufficient to maintain the option in good standing. Teck Cominco retains certain back-in rights and would retain a 2% NSR royalty in the property if the back-in rights were not exercised.

Chibougamau Diamond Drilling was contracted to perform the drill program and Michel Dumoulin, P.Geo., of Eveleigh Geological Consulting was the qualified person in the field to supervise the drill program and log the core.

This report contains the results of the 2006 drill program as well as recommendations for further exploration work on the property. It is intended for the sole use of Avalon. This report was not prepared as an independent technical report as defined under Canadian Securities Administrators National Instrument 43-101 and therefore may not comply with Form 43-101Fl.

-


Figure 1. Location map of the U6-Savant Property.

Page 2

J-Ph. Desrochers Avalon Ventures Ltd Geological Report on the U6-Savant property, NW Ontario

Page 3

CLAIM NUMBER DUE DATE UNITS PA 3013466 19 January 2007 16

PA 3013467

Figure 2. Claim map of the U6-Savant property with area covered by figure 4.

2 Location, access and previous work

The U6-Savant gold property is located in Conant Township, approximately 210 kilometres to the northwest of Thunder Bay, and thirteen (13) kilometres to the north of the town of Savant Lake (figure 1). Access to the property is via a network of lumber roads on the east side of highway 599.

In 1970, Noranda Exploration Company Limited completed an airborne geophysical survey and identified a strong EM anomaly on the property which could not be located by follow-up ground electromagnetic and vertical loop surveys. In 1975, a total of eight (8) boreholes were drilled to test for CopperZinc ("Cu-Zn") massive sulphides mineralization. The drilling identified a broad zone containing up to 15% disseminated and stringer of pyrite, pyrrhotite and chalcopyrite, accompanied by strong sericitization, chloritization and silicification. Due to the original focus on Cu and Zn mineralization, the core was not initially assayed for gold.

J-Ph. Desrochers Avalon Ventures Ltd Geological Report on the U6-Savant property, NW Ontario Page 4

In 1984, Teck Corporation re-sampled some ofthe core to assay for gold and identified widespread anomalous gold values associated with the disseminated sulphides. Highlights include values of 0.65 g/t Au over 36.0 metres (including 1.2m @ 6.8g/t Au), 0.43 g/t Au over 52.4m and 0.5 g/t Au over 32.2m (including 0.52m @ 10.2 g/t Au). During the same year, Teck also collected several grab samples and channel samples in ten (10) trenches. In trench T6-7, two grab samples taken from an eight (8) centimetres semi-massive chalcopyrite-pyrite vein returned 26.7 g/t Au and 6.2 g/t Au respectively.

During the summer 2005, Avalon's President, Donald S. Bubar, P. Geo. and consulting geologist Tim Maunula, P.Geo. of Wardrop Engineering conducted preliminary reconnaissance work and were successful at relocating two (2) of the more significant showings on the property. Selected grab samples returned assay results of 1.54 g/t Au and 1.1 g/t Au.

In September 2005, the author collected a total of nineteen (19) channel samples in two (2) different sectors to evaluate both the gold grades and the continuity of gold mineralization. The channel samples collected near trench T6-7 assayed 0.9 m @ 2.72 g/t Au, 1.0 m @ 3.15 g/t Au, and 1.0 m @ 1.0 g/t Au.

3 Geological Setting

3.1 Property Geology

The U6-Savant property is located within the Savant Lake Greenstone Belt of the Archean-age Wabigoon subprovince of the Superior Structural province. This greenstone belt comprises tholeiitic mafic flows as well as calc-alkalic intermediate to felsic tuff, lapilli tuff, and flows interbedded with wacke and conglomerate (Blackburn et aI., 1991). The Savant Lake greenstone belt is surrounded by the Lewis-Robinson-Lake of Bays batholith complex to the west and the Sowden-Wabakimi Lakes batholith complex to the east. The property is underlain by calc-alkalic subaqueous felsic to intermediate volcanic flows and tuff units of the Handy Lake Group, dated at 2745 +- 2 Ma (Davis and Trowell, 1982) (figure 3).

In the central part of the property, the major rock units consist of massive felsic volcanic flows, coarse fragmental units, and bedded fine to coarse ash tuff. A series of metre- to kilometre-scale feldspar-quartz porphyry dikes intrude the volcanic sequence. The dikes contain five (5) to fifteen (15) percent of two (2) to ten (10) centimetre subhedral to euhedral plagioclase phenocrysts and one (1) to two (2) percent grey quartz phenocrysts.

The volcanic rocks of the Savant Lake area have been deformed by two (2) major phases offolding (Sandborn-Barrie, 1989). The axial traces ofDI folds generally trend east-west but they are refolded by northeast-trending and plunging D2 folds. On the U6 property, the contacts between the volcanic units vary from N060 degrees to N335 degrees and their distribution suggests a

J-Ph. Desrochers Avalon Ventures Ltd Geological Report on the U6-Savant property. NW Ontario Page 5

complex folding pattern resulting from the superposition of the two (2) phases of deformation. On the property, this superposition probably also generated a mushroom type interference pattern as seen at the belt scale (figure 3).

The volcanic rock units are altered into an assemblage dominated by moderate quartz and sericite. In the vicinity of known gold occurrences, the rocks are altered into a potassic mineral assemblage characterized by k-spar and biotite. In such cases, the biotite alteration forms haloes of five (5) to ten (10) centimetres around the pyrite veinlets.

3.1.1 Mineralization

The dominant style of mineralization identified to date on the U6 - Savant property consists of thin sub-vertical, NE-trending, gold-bearing quartz-pyritechalcopyrite-pyrrhotite veinlets and veins. This veining is associated with proximal biotite-chlorite-kspar alteration surrounded by more distal sericitequartz alteration. The veinlets vary between one (1) and five (5) millimetres in thickness, and the veins are up to ten (10) centimetres thick, such as the semimassive sulphide vein that returned 26.7 g/t Au on trench T6-7 of sector 1. The veinlets and the veins are generally oriented N060 degrees to N070 degrees and dip between seventy-five (75) and ninety (90) degrees to the south. They vary from slightly oblique (10 degrees clockwise) to parallel to the S2 foliation and boudins of veinlets are frequently observed. This indicates that the veins were deformed subsequent to their emplacement and that their geometry could be complex.

The veins and the veinlets are distributed within at least three (3) eastnortheast trending corridors that correspond to anomalous gold soil anomalies (figure 4). The gold-bearing north corridor returned anomalous gold mineralization over significant widths (36 m @ 0.65 g/t Au in borehole U6-7, including 1.2 m @ 6.9 g/t Au; Hughes and Penno, 1985). It also contains higher grade gold mineralization such as 10.4 m @ 0.73 g/t Au in the upper part of the borehole U6-11.


Page 6

LEGEND

Porphyry dike

Sedimentary Rocks

D Felsic Volcanic Rocks

• Tholeiitic Basalts D Intermediate Volcanic Rocks • Granitoid Rocks

Figure 3. Geology map of the Savant Lake area (G.S.C. Open File #4255).

The association ofk-spar and biotite with the best known gold grades together with a broader silica-sericite halo, and the sulphide mineralogy and veining style is very suggestive of an intrusion-related gold system. In such systems, the veins are generally emplaced in sets of fractures around the periphery of synvolcanic plutons. The veins contain an assemblage including pyrite, pyrrhotite, sphalerite, galena, chalcopyrite, molybdenite, and magnetite. A moderately developed alteration halo consisting of chlorite, sericite, pyrite, silica, carbonate, biotite, epidote, k-spar, and ankerite extends up to several metres into the host rock and stronger alteration occurs as narrow vein selvages.


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Page 7

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Figure 4. Compilation map of the central part of the U6-Savant property with boreholes location (Modified from Wardrop, 2005). The thick black lines indicate the location of the channel samples lines.


Page 8

4 Diamond Drill Program The diamond drill program was conducted between October 17 and October 24,2006 by Chibougamau Diamond Drilling. A total of978 metres in six (6) boreholes (NQ calibre) were completed (Table 1). All the boreholes are drilled due south (N180 degrees) with inclinations varying between -48 and -57 degrees. The drill holes were spotted in the field using a handheld GPS with a precision of five (5) metres or better. All collar locations are recorded in UTM coordinates (NAD83, zone 15). Only the down-hole inclination was measured with acid tests collected generally every sixty (60) metres and with an acid test taken at bottom of holes.

Michel Dumoulin, P.Geo., of Eveleigh Geological Consulting directly supervised the drill program and was responsible for logging the core and for the selection of the samples. Initial logging was completed in the field but more detailed drill hole descriptions were completed at Eveleigh Geological Consulting core logging facility in Thunder Bay. The core samples collected for assaying were selected by Michel Dumoulin and correspond to intervals that had visible sulphide mineralization. Drill cores are split in the middle and half of it is sampled for assaying. The sample length varies between 0.5 and 1.0 metre. Standards and blanks were inserted at a frequency of one (1) standard or blank for every fifteen (15) samples. The samples were submitted to Accurassay Laboratories in Thunder Bay. All the casings were left in the boreholes except for borehole SL06-02. The core is cross-piled and stored behind the Eveleigh Geological Consulting core logging facility in Thunder Bay.

Table 1. List of boreholes.

Borehole Easting Northing Elevation Azimuth Inclination Length Number (m) (m) (m) (de2rees) (de2rees) (m)

SL06-01 672018 5582603 422 180 -48 135.0

SL06-02 671926 5582696 425 180 -56 171.0

SL06-03 671909 5582534 428 180 -50 183.0

SL06-04 672095 5582691 419 180 -57 171.0

SL06-05 671629 5582468 419 180 -50 198.0

SL06-06 672030 5582532 419 180 -55 120.0

TOTAL 978.0

,....


Page 9

4.1 Drill hole descriptions

Borehole SL06-01 (135 metres)

This borehole was designed to test the central and southern part of the north gold-bearing corridor (figure 4). The borehole collared into 3.65 metres of overburden and then intersected a felsic fragmental flow unit to 78.65 metres. This was followed by a polymictic felsic lapilli tuff unit to the bottom of the hole at 135 metres. Quartz-feldspar porphyry dikes are present between 3.65 metres and 9.65 metres and between 47.65 metres and 57.2 metres. A biotiterich mafic dike is also present from 79.65 to 81.95 metres.

The targeted north gold-bearing corridor was anticipated to be intersected from the collar to approximately 45 metres down the hole, assuming a steep northerly dip of the corridor. The only indication of such a corridor is the presence ofa biotite-enriched zone between 9.65 and 16.3 metres down the hole.

Two intervals of gold mineralization are present in this borehole and are associated with a porphyry dyke and a mafic dyke respectively. The first interval corresponds to a zone of biotite and pyrite enrichment located immediately below a quartz-porphyry dyke at 9.65 metres down the hole. This interval returned 1.92 g/t Au over 3.1 metres, including 4.66 g/t Au over 0.7 metre. The second interval coincides with a biotite-rich mafic dike located at the contact between the two (2) major volcanic rock units present in the borehole at 80.81 metres. This zone contains less than 5% of combined disseminated and stringers of pyrite and pyrrhotite. It also contains minor folded quartz-sulphides veins. The stringers are oriented parallel to the foliation and boudins of stIingers are common. The best assay result was obtained from an interval containing a fo lded quartz vein oriented at low angle to the core axis and containing 3% pyrite and pyrrhotite at 80.81 metres. This interval assayed 4.63 g/t Au over 1.89 metres, including 10.67 g/t Au over 0.65 metre (Table 1).

Figure 5. Photograph of core. a) Mafic dyke in borehole SL06-01 at 81 metres. B) Tectonic breccia in a quartz-feldspar porphyry dyke in borehole SL06-04 at 150 metres.



This borehole tested the northern contact of the north gold-bearing corridor down to a vertical depth of about 110 meters.

The borehole collared into 9.05 metres of boulders. It then intersected intermediate porphyritic flow units cross-cut by a series of variably mineralized shear zones and moderately silicified zones. A thirteen (13) metre wide shear zone containing black chlorite or biotite, tourmaline, carbonates, and trace to 3% of combined pyrite and pyrrhotite is also present at 134.6 metres down the hole. This shear zone represents the down-dip extension of the north gold-bearing corridor as interpreted from surface exposures. Unfortunately this shear zone failed to return any significant gold assays.

Two other intervals did produce interesting gold assays. The first interesting result was obtained from a 1.6 metre fault zone at 12.9 metres down the hole. This fault zone returned 1.2 g/t Au over a 0.6 metre interval. The second interesting result was obtained from a shear zone at 166.41 metres down the hole that returned 1.48 g/t Au over a 1.29 metre interval. This second intercept corresponds to the down-dip extension of the north gold-bearing corridor.

Table 2. List of best assays - 2006 diamond drill program.

Borehole From To Length Au (g/t) Description Number

SL06-01 13.20 16.30 3.10 1.92 Biotite-rich section with 0.5-1 % Pyand local Cpy

SL06-01 80.81 82.70 1.89 4.63 Biotite-rich section with a folded quartz-sulphides vein

Incl. 80.81 81.30 0.49 10.67

SL06-02 12.90 13.50 0.60 1.20 Fault zone with 4% Py

SL06-02 166.41 167.70 1.29 1.48 Strongly foliated rock with 5% ofPy-Po-Cpy stringers

SL06-04 122.70 123.30 0.60 1.17 Small quartz-carbonate vein with Po-Cpy

SL06-04 147.40 150.70 3.30 3.70 Brecciated porphyry dyke with biotite and traces to 2% Py, Po

Inc! 148.90 149.50 0.60 9.60

SL06-04 157.30 157.90 0.60 3.09 Brecciated porphyry dyke with I%Py

SL06-06 42.80 44.10 1.30 2.90 Zone with 1-3% Py-Cpy stringers

SL06-06 53.10 54.00 0.90 1.44 Small quartz vein with tr Py


Page 11


Borehole SL06-3 was designed to test the down-dip extension of gold mineralization previously intersected on trench T6-T7 and to test the south gold-bearing corridor (figure 4).

The hole collared in a porphyritic felsic flow unit to 86.2 metres and then intersected a felsic lapilli tuff to 122.95 metres. This was followed by a porphyritic intermediate flow to the bottom of the hole at 183 metres. Two biotite-rich mafic dykes, similar to the dyke intersected at 79.65 metres in borehole SL06-01, were intersected at 54.7 metres and 122.95 metres respectively. Finally an 18.5 metre quartz-feldspar porphyry dyke was intersected at 154.5 metres down the hole. This porphyry dyke is locally fractured and brecciated.

The south gold-bearing corridor, as interpreted from surface exposure, is not readily identified in this borehole. A zone of quartz veining oriented at different angles with respect to the core axis may represent the down dip extension of this corridor.

A few anomalous gold intercepts are obtained from the tectonically brecciated porphyry dyke at 154.5 metres. Assay results such as 833 ppb Au over 0.6 metre and 641 ppb Au over 0.6 metre were obtained from this zone.


This borehole was designed to go across the entire width of the north goldbearing corridor. It represents the easternmost borehole drilled during this drill program (figure 4).

The borehole intersected an intermediate massive volcanic flow cross-cut by numerous feldspar porphyry and quartz-feldspar porphyry dykes. Several of the dykes are moderately to strongly altered and their porphyritic texture is frequently partly destroyed. The contacts of the dykes are frequently sheared and mineralized with pyrite and pyrrhotite over a few centimetres.

The targeted north gold-bearing corridor may correspond to a 17 metre wide zone of quartz and carbonate veining containing traces of pyrite and pyrrhotite transposed into the foliation at 85.0 metres down the hole. Unfortunately, this zone did not return significant gold values.

The best assay results were obtained in a zone containing over sixty-five (65) percent of variably fractured, brecciated, and biotitized porphyry dykes at 147 metres down the hole. This zone contains trace to 2% pyrite and minor pyrrhotite. An interval from this zone assayed 3.7 g/t Au over a 3.3 metre interval, including one sample that returned 9.6 g/t over 0.6 metre.



This borehole was the westernmost hole completed during this drill program. It targeted the south end of the north gold-bearing corridor and the western extension of the south gold-bearing corridor (figure 4).

The borehole intersected an interlayered sequence of intermediate and felsic volcanic flows to 71.4 metres. This was followed by a large porphyritic unit to 136.95 metres. This porphyritic unit is less foliated than the surrounding rocks and could potentially be a large porphyry dyke. The porphyry unit was followed by an intermediate volcanic flow to 172.4 metres and then followed by a series offeldspar porphyry units (dykes?) bounded by sericitic shear zones containing 1-3% of disseminated pyrite and pyrrhotite.

There are no obvious features to support the presence of the north gold-bearing corridor in this borehole. The sericitic shear zones, together with the porphyry dykes at 172.4 metres down the hole may coincide with the south gold-bearing corridor. In this case, it would indicate either that the zone is further to the south than previously interpreted, or that it dips steeply to the south rather than to the north. Unfortunately, the two shear zones did not return any significant gold assays.

The gold values obtained with this borehole are very low despite the presence of abundant porphyry dykes and well-developed shear zones, which control the location of the gold mineralization further to the east. This may indicate that better gold mineralization is present further to the east and potentially to the east of the area drilled to date.


This borehole was added to the original planned drill program to intersect the south gold-bearing corridor and to provide a second test of the encouraging gold intersection encountered in borehole SL06-0 1.

This borehole collared into a moderately to strongly foliated intermediate volcanic flow unit containing variable amounts of biotite streaks along the foliation planes to 54.0 metres. This was followed by a felsic lapilli tuff containing scattered biotite-rich intervals with trace to 1 % disseminated pyrite and pyrrhotite to 113.45 metres. The hole ended at 120 metres in an intermediate quartz-feldspar porphyritic rock unit, which likely corresponds to a porphyry dyke.

The targeted south gold-bearing corridor was intersected from 89.05 to 107.6 metres down the hole. This zone is characterized by very siliceous rock unit containing 1-2% of black biotite flakes and trace to 1% combined pyrite and chalcopyrite at 89.05 metres. No significant gold assays were obtained from this zone.

The best gold grades were obtained from a slightly more biotitic alteration zone intersected between 42.8 and 54.0 metres. This zone also contains trace to 3% of combined pyrite and chalcopyrite stringers. The best assays are 2.9 g/t Au over 1.3 metres at 42.8 metres down the hole and 1.44 g/t Au over 0.9 metre at 53.1 metres down the hole.


5 Interpretation and Conclusions

The 2006 diamond drilling program on the U6-Savant property confirmed the presence ofa prospective geological environment for gold on the property, and the high grade gold assay values obtained with this program, including 10.67 g/t Au over 0.49 metres and 9.6 g/t Au over 0.6 metre, suggest it may have the potential to host an economic gold deposit.

However, the 2006 drilling program did not confirm that the previously mapped gold-bearing corridors represent consistently-mineralized gold zones. As observed in the drill core, the corridors do not possess consistent macroscopic features and the gold mineralization, is present in different host rock units. These include folded sulphides-bearing quartz veins, transposed pyrite-pyrrhotite-chalcopyrite veinlets, disseminated pyrite and pyrrhotite, and biotite-rich intervals. This observation would not support an interpretation of continuity of the gold mineralization between drill holes without further evidence.

The best gold values obtained with this diamond drill program are located between the two interpreted gold-bearing corridors, thus suggesting that other geological features may control the location of the best quality gold mineralization on the property. The best gold intercepts are obtained in boreholes SL06-01 with an assay of 4.63 g/t Au over 1.89 metres, including 10.67 g/t Au over 0.49 metre and in borehole SL06-04 with an assay of 3.7 g/t Au over 3.3 metres, including 9.6 g/t Au over 0.6 metre and 3.09 g/t Au over 0.6 metre. Those two boreholes represent the two north-easternmost boreholes drilled during this program and may indicate that better quality gold mineralization occurs further to the east-northeast.

The high grade gold intercepts in both boreholes are associated with biotiterich mafic dykes and tectonically brecciated porphyry dykes. This association does support a previous interpretation suggesting that the gold mineralization is spatially and genetically associated with one (1) or multiple intrusions (Desrochers, 2006). In such intrusion-related gold mineralized systems, the gold-bearing sulphides veins are generally emplaced in sets of fractures located around the periphery of syn-volcanic plutons and associated dykes. The large folded porphyry bodies present on the U6-Savant property may represent such syn-volcanic intrusions.

The two (2) boreholes designed to test the western (SL06-05) and the eastern (SL06-04) extensions of the gold mineralization contain a high percentage of porphyry dykes. In those boreholes, the percentage of such dykes is much higher than in the boreholes drilled in the central part of the area of interest. The porphyry dykes are locally brecciated (tectonically) and they are bounded by small shear zones. Despite their similar characteristics, the two (2) boreholes do not have similar gold contents and only borehole SL06-04 returned significant gold assay values. This suggests a zoned system with better quality gold mineralization occuring toward the northeast. Further mapping, sampling and drilling is warranted to test this area.


6 Recommendations The results of the prospecting, channel sampling, and diamond drilling programs completed to date on the U6-Savant gold property indicate that this property has the potential to host significant gold mineralization. A follow-up exploration program is recommended to test the north-eastern extension of the gold mineralization identified by drilling and to better understand the structural controls on the gold mineralization. This program includes surface mapping, mechanical trenching, and diamond drilling.

The mapping should be initiated in the area of the 2006 drill program but should be extended further to the northeast. The trenching should be directed at creating rock exposures to the northeast of borehole SL06-04. The trenches will have a long axis oriented to the north-northwest but they should be wide enough (minimum 12 metres) to maximize rock exposure with the objective of understanding the controls of the gold mineralization in this complex folded terrain. Finally the drilling program should target the northeast extension of the gold mineralization intersected with boreholes SL06-01 and SL06-04. The details of the program are as follows:

Surface mapping:

Geologist 16 days @ $500 / day $ 8000

Mechanical Trenching, Mapping, and Channel Sampling: Mechanical Trenching (80 hours @ $150/hour, incl mob)$12 000 Mapping 12 days @ $500/ day $ 6000 Sampling - Technician 12 days @ $250/ day $ 3000

Sample Assays:

125 samples @ $20/ sample $ 2500

Travel and Lodging: $ 3500

Diamond Drilling:

1000 metres of diamond drilling in 4-6 boreholes to test the northeast extension of the gold mineralization.

1000 m @ $150/ m (all included) $150000

Contingency $15,000

Total estimated cost for this work program is: $200,000.


7 References Blackburn, C.E., Johns, G.W., Ayer, J., and Davis, D.W., 1991. Wabigoon

Subprovince. In Geology of Ontario, Ontario, Ontario Geological Survey, Special Volume 4, Part 1, pp. 303-381.

Davis, D.W. and Trowell, N.F., 1982. V-Pb zircon ages from the eastern Savant Lake-Crow Lake metavolcanic-metasedimentary belt, northwest Ontario. Canadian JNournal of Earth Science, vol. 19, pp. 868-877.

Desrochers, J-P., 2006. Geological Report on the V6 -Savant Gold Property, Conant Twp., Ontario. 24 pages.

Hughes, T.N.J. and Penno, W.L.E., 1985. Report on the 1984 exploration program on the Savant Lake Gold Project in Conant and Boucher townships, northwestern Ontario. 22 pages, drill logs and sections.

Sandborn-Barrie, 1989. Geology of the Savant Lake area. In Summary ofField work and other activities 1989. Ontario Geological Survey, Miscellaneous Paper 146, pp. 54-62.


APPENDIX 1

Certificates of Analysis

Page 16

~ ACCURASSAY UW LABORATORIES

1046 Gorham Street Thunder Bay, ON Canada P7B 5X5

Tel: (807) 626-1630 Fax: (807) 622-7571

www.accurassay.com [email protected]

Certificate of Analysis Wc:dnesday, December 06, 2006

A "alon Ventures III Richmond St. West, Suite 1005 Toronto, ON, CA M:5H2G4 Phil: Fa:IC#:

Date Received: 31-0ct-06 Date Completed: 01-Nov-06

Job # 200642459 Reference: Savant Lake

Sample #: 133 Core

Email [email protected]@hotmail.co

Ac:curassay #

137314

137315

137316

137317

137318

137319

137320

137321

137322

137323

137324 Check

137325

137326

137327

137328

137329

137330

137331

137332

137333

137334

137335 Check

137336

Client Id

190501

190502

190503

190504

190505

190506

190507

190508

190509

190510

190510

190511

190512

190513

190514

190515

190516

190517

190518

190519

190520

190520

190521

PR()CEDU~E ES:AL4~ ~ Certified ..::.=-~,..:;~ ___ =_~ __ _

Der:o:ma::luk H.Bsc., Laboratory Manager

Au

ppb

7

<5

33

203

10

51

45

663

8

10

<5

<5

6

13

59

10

21

33

61

641

874

833

464

Au

ozlt

<0.001

<0.001

<0.001

0.006

<0.001

0.001

0.001

0.019

<0.001

<0.001

<0.001

<0.001

<0.001

<0.001

0.002

<0.001

<0.001

<0.001

0.002

0.019

0.026

0.024

0.014

Au

gft (ppm)

0.007

<0.005

0.033

0.203

0.010

0.051

0.045

0.663

0.008

0.010

<0.005

<0.005

0.006

0.013

0.059

0.010

0.021

0.033

0.061

0.641

0.874

0.833

0.464

The results Included on this report relata only to the ltams tasted

Page 1 of7

The Certificate of Analysis should not be reproduced except In full, without the written approval of the laboratory AL903..()()92-121061200601:S9 PM

~... ACCURASSAY U't:I LABORATORIES


Tel: (807) 626-1630 Fax: (807) 622-7571


Certificate of Analysis Wednesday, December 06, 2006

Avalon Ventures 111 Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Phl~:

Fa>t#:



Sample #: 133 Core


Au Au Au Accurassay # Client Id

ppb ozlt 9ft (ppm) 137337 190522 1103 0.032 1.103

137338 190523 357 0.010 0.357

137339 190524 332 0.010 0.332

137340 190525 171 0.005 0.171

137341 190526 8 <0.001 0.008

137342 190527 17 <0.001 0.017

137343 190528 12 <0.001 0.012

137344 190529 6 <0.001 0.006

137345 190530 <5 <0.001 <0.005

137346 Check 190530 <5 <0.001 <0.005

137347 190531 8 <0.001 0.008

137348 190532 <5 <0.001 <0.005

137349 190533 <5 <0.001 <0.005

137350 190534 <5 <0.001 <0.005

137351 190535 25 <0.001 0.025

137352 190536 <5 <0.001 <0.005

137353 190537 6 <0.001 0.006

137354 190538 232 0.007 0.232

137355 190539 <5 <0.001 <0.005

137356 190540 <5 <0.001 <0.005

137357 Check 190540 <5 <0.001 <0.005

137358 190541 <5 <0.001 <0.005

137359 190542 125 0.004 0.125

PROCE~~, AUAU. Page 2 of7

The results Included on this report relate only to the ltams tastad Certified B ~ ~

The Certificate of Analysis should not be reproduced except In full, without the written Dereemtanluk H.esc., Laboratory Manager approval of the laboratory AL903.0092-1210612006 01:59 PM

~.. ACCURASSAY U~ LABORATORIES


Tel: (807) 626-1630 Fax: (807) 622·7571



A valon Ventures III Riclunond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Ph#: Fmc#:



Sample #: 133 Core



ppb ozlt 9ft (ppm) 137360 190543 <5 <0.001 <0.005

137361 190544 1345 0.039 1.345

137362 190545 9 <0.001 0.009

137363 190546 139 0.004 0.139

137364 190547 147 0.004 0.147

137365 190548 109 0.003 0.109

137366 190549 106 0.003 0.106

137367 190550 10 <0.001 0.010

137368 Check 190550 8 <0.001 0.008

137369 190551 260 0.008 0.260

137370 190552 191 0.006 0.191

137371 190553 33 <0.001 0.033

137372 190554 6 <0.001 0.006

137373 190555 <5 <0.001 <0.005

137374 190556 6 <0.001 0.006

137375 190557 <5 <0.001 <0.005

137376 190558 37 0.001 0.037

137377 190559 28 <0.001 0.028

137378 190560 67 0.002 0.067

137379 Check 190560 62 0.002 0.062

137380 190561 81 0.002 0.081

137381 190562 105 0.003 0.105

137382 190563 33 <0.001 0.033

PROCE~tr Page 3 of7 The results Included on this report relate only to the Items tested

Certified By ~ J The Certificate of Analysis should not be reproduced except In full, without the written Derek Demlanluk H.Sse., Laboratory Manager approval of the laboratory AL903-OO92-12I06I2006 01 :59 PM

+ ACCURASSAY U gJ LABORATORIES


Tel: (807) 626-1630 Fax: (807) 622-7571



Avalon Ventures 111 Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 PhI: FIIX#:



Sample #: 133 Core



ppb ozlt 9ft (ppm) 137383 190564 13 <0.001 0.013

137384 190565 12 <0.001 0.012

137385 190566 1101 0.032 1.101

137386 190567 99 0.003 0.099

137387 190568 25 <0.001 0.025

137388 190569 7 <0.001 0.007

137389 190570 <5 <0.001 <0.005

137390 Check 190570 <5 <0.001 <0.005

137391 190571 <5 <0.001 <0.005

137392 190572 14 <0.001 0.014

137393 190573 <5 <0.001 <0.005

137394 190574 5 <0.001 0.005

137395 190575 <5 <0.001 <0.005

137396 190576 <5 <0.001 <0.005

137397 190577 <5 <0.001 <0.005

137398 190578 18 <0.001 0.018

137399 190579 6 <0.001 0.006

137400 190580 6 <0.001 0.006

137401 Check 190580 <5 <0.001 <0.005

137402 190581 11 <0.001 0.011

137403 190582 <5 <0.001 <0.005

137404 190583 <5 <0.001 <0.005

137405 190584 7 <0.001 0.007

PROCEDU~ Page 4 of7 The results Included on this report relate only to the Items tested

Certified By: :::0::> The Certificate of Analys" should not be reproduced except In full, without the written Derek \mJanIIIkH:BSC:boratory Manager approval of the laboratory AL903-0092-12I06I2006 01:59 PM

Wednesday. December 06, 2006

Avalon Ventures 111 Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 PhI: FSIX#:

1046 Gorham Street Thunder Bay, ON Canada P7B SXS

Tel: (807) 626-1630 Fax: (807) 622-7571


Certificate of Analysis



Sample #: 133 Core



ppb ozlt glt (ppm) 137406 190585 <5 <0.001 <0.005

137407 190586 <5 <0.001 <0.005

137408 190587 <5 <0.001 <0.005

137409 190588 1353 0.039 1.353

137410 190589 <5 <0.001 <0.005

137411 190590 9 <0.001 0.009

137412 Check 190590 <5 <0.001 <0.005

137413 190591 <5 <0.001 <0.005

137414 190592 7 <0.001 0.007

137415 190593 <5 <0.001 <0.005

137416 190594 <5 <0.001 <0.005

137417 190595 <5 <0.001 <0.005

137418 190596 5 <0.001 0.005

137419 190597 <5 <0.001 <0.005

137420 190598 17 <0.001 0.017

137421 190599 5 <0.001 0.005

137422 190600 15 <0.001 0.015

137423 Check 190600 14 <0.001 0.014

137424 190601 <5 <0.001 <0.005

137425 190602 43 0.001 0.043

137426 190603 9 <0.001 0.009

137427 190604 11 <0.001 0.011

137428 190605 9 <0.001 0.009

Page 5 of7 The results Included on this report relate only to the Items tested

The Certificate of Analysis should not be reproduced except In full, without the written approval of the laboratory AL903.()()92-1210612006 01:59 PM

· .

~ ACCURASSAY l.J.W LABORATORIES

Wednesday, December 06, 2006

Avalon Ventures III Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Ph#: FilX#:


Tel: (807) 626-1630 Fax: (807) 622-7571





Sample #: 133 Core



ppb ozlt gft (ppm)

137429 190606 <5 <0.001 <0.005

137430 190607 10 <0.001 0.010

137431 190608 6 <0.001 0.006

137432 190609 12 <0.001 0.012

137433 190610 1042 0.030 1.042

137434 190611 17 <0.001 0.017

137435 Check 190611 16 <0.001 0.016

137436 190612 127 0.004 0.127

137437 190613 10 <0.001 0.010

137438 190614 35 0.001 0.035

137439 190615 36 0.001 0.036

137440 190616 26 <0.001 0.026

137441 190617 32 <0.001 0.032

137442 190618 7 <0.001 0.007

137443 190619 273 0.008 0.273

137444 190620 62 0.002 0.062

137445 Check 190620 72 0.002 0.072

137446 190621 92 0.003 0.092

137447 190622 213 0.006 0.213

137448 190623 203 0.006 0.203

137449 190624 18 <0.001 0.018

137450 190625 7 <0.001 0.007

137451 190626 30 <0.001 0.030

Pf<tOCEDU Page 6 of7 The results Included on this report relate only to the Items tested

The Certificate of Analysis should not be reproduced except In full, without the written approval of the laboratory AL903-0092-1210612006 01:S9 PM

· .

~ ACCURASSAY U'" LABORATORIES


Avalon Ventures 111 Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Ph#:


Tel: (807) 626·1630 Fax: (807) 622·7571



Date Received: 3I-Oct-06 Date Completed: 01-Nov-06


Sample #: 133 Core


Au Au Au Accurassay # Client Id ppb ozlt gft (ppm)

137452 190627 21 <0.001 0.021

137453 190628 12 <0.001 0.012

137454 190629 12 <0.001 0.012

137455 190630 12 <0.001 0.012

137456 Check 190630 10 <0.001 0.010

137457 190631 18 <0.001 0.Dl8

137458 190632 24 <0.001 0.024

137459 190633 11 <0.001 0.011

PROCEDU Page 7 of7 The results Included on this report relate only to the Items tested

;..\:;=~~===-:"-:-==~=-:- The Certificate of Analysis should not be reproduced except In full, without the written approval of the laboratory AL903-0092-12I06I2006 01:59 PM

+ ACCURASSAY U W LABORATORIES


Avalon Ventures III Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Ph#: FaX#:

1046 Gorham Street

Thunder Bay, ON Canada P7B 5X5

Tel: (B07)626-1630 Fax: (807)622-7571



Date Received: 03-Nov-06 Date Completed: 08-Nov-06


Sample #: 99 Core



ppb ozlt gft (ppm) 138794 190634 531 0.015 0.531

138795 190635 1202 0.035 1.202

138796 190636 44 0.001 0.044

138797 190637 10 <0.001 0.010

138798 190638 51 0.001 0.051

138799 190639 26 <0.001 0.026

138800 190640 1349 0.039 1.349

138801 190641 39 0.001 0.039

138802 190642 89 0.003 0.089

138803 190643 33 <0.001 0.033

138804 Check 190643 40 0.001 0.040

138805 190644 12 <0.001 0.012

138806 190645 52 0.002 0.052

138807 190646 143 0.004 0.143

138808 190647 17 <0.001 0.017

138809 190648 163 0.005 0.163

138810 190649 61 0.002 0.061

138811 190650 51 0.001 0.051

138812 190651 123 0.004 0.123

138813 190652 43 0.001 0.043

138814 190653 759 0.022 0.759

138815 Check 190653 673 0.020 0.673

138816 190654 II <0.001 0.01l


The Certificate of Analysis should not be reproduced except In full, without the written approval of the laboratory AL903-0092-12I06I2006 01:59 PM

~ ACCURASSAY U U LABORATORIES


A valon Ventures

111 Richmond st. West, Suite 1005

Toronto, ON, CA M5H2G4 Ph#: F~IX#:


Tel: (B07) 626-1630 Fax: (807) 622-7571



Date Received: 03-Nov-06

Date Completed: 08-Nov-06


Sample #: 99 Core


Au Au Au AGcurassay # Client Id ppb ozlt 9ft (ppm)

138817 190655 <5 <0.001 <0.005

138818 190656 9 <0.001 0.009

138819 190657 325 0.009 0.325

138820 190658 16 <0.001 0.016

138821 190659 22 <0.001 0.022

138822 190660 28 <0.001 0.028

138823 190661 401 0.012 0.401

138824 190662 64 0.002 0.064

138825 190663 110 0.003 0.110

138826 Check 190663 94 0.003 0.094

138827 190664 30 <0.001 0.030

138828 190665 8 <0.001 0.008

138829 190666 61 0.002 0.061

138830 190667 12 <0.001 0.012

138831 190668 460 0.013 0.460

138832 190669 17 <0.001 0.017

138833 190670 1011 0.029 1.011

138834 190671 237 0.007 0.237

138835 190672 10 <0.001 0.010

138836 190673 11 <0.001 0.011

138837 Check 190673 10 <0.001 0.010

138838 190674 8 <0.001 0.008

138839 190675 213 0.006 0.213

Page 2 of 5 The results Included on this report relate only to the Items tested

The Certificate of Analysis should not be reproduced except In full, without the written approval of the laboretory AL903-0092-12I06J2OO6 01 :59 PM


Tel: (807) 626-1630 Fax: (807) 622-7571


Certificate of Analysis Wc:<inesday, December 06, 2006

A "alon Ventures III Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Phl#: Fa:lC#: Email [email protected]@hotmail.co

Ac:curassay # Client Id

138840 190676

138841 190677

138842 190678

138843 190679

138844 190680

138845 190681

138846 190682

138847 190683

138848 Check 190683

138849 190684

138850 190685

138851 190686

138852 190687

138853 190688

138854 190689

138855 190690

138856 190691

138857 190692

138858 190693

138859 Check 190693

138860 190694

138861 190695

138862 190696



Sample #: 99 Core

Au Au Au ppb ozlt glt (ppm)

32 <0.001 0.032

<5 <0.001 <0.005

<5 <0.001 <0.005

6 <0.001 0.006

88 0.003 0.088

<5 <0.001 <0.005

8 <0.001 0.008

<5 <0.001 <0.005

<5 <0.001 <0.005

<5 <0.001 <0.005

5 <0.001 0.005

<5 <0.001 <0.005

<5 <0.001 <0.005

<5 <0.001 <0.005

<5 <0.001 <0.005

10 <0.001 0.010

<5 <0.001 <0.005

<5 <0.001 <0.005

<5 <0.001 <0.005

11 <0.001 0.011

<5 <0.001 <0.005

6 <0.001 0.006

<5 <0.001 <0.005

PROCEDU;QAl.4AU3 Page 3 of 5 . . ::::> The results Included on this report relate only to the Items tested

Celrtlfled B: ~ The Certificate of Analysis should not be reproduced except In full. without the written Derek mlanluk'f:i.BSC •• Laboratory Manager approval of the laboratory AL903..()()92-1210612006 01:59 PM

~.. ACCURASSAY U·\U LABORATORIES

Wc:dnesday, December 06, 2006

Avalon Ventures 111 Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 PhI: FaX#:


Tel: (807) 626-1630 Fax: (807) 622-7571





Sample #: 99 Core


Au Au Au Ac:curassay # Client Id ppb ozlt 9ft (ppm)

138863 190697 <5 <0.001 <0.005

138864 190698 <5 <0.001 <0.005

138865 190699 <5 <0.001 <0.005

138866 190700 <5 <0.001 <0.005

138867 190701 6 <0.001 0.006

138868 190702 <5 <0.001 <0.005

138869 190703 <5 <0.001 <0.005

138870 Check 190703 <5 <0.001 <0.005

138871 190704 667 0.019 0.667

138872 190705 <5 <0.001 <0.005

138873 190706 <5 <0.001 <0.005

138874 190707 21 <0.001 0.021

138875 190708 <5 <0.001 <0.005

138876 190709 7 <0.001 0.007

138877 190710 <5 <0.001 <0.005

138878 190711 <5 <0.001 <0.005

138879 190712 <5 <0.001 <0.005

138880 190713 <5 <0.001 <0.005

138881 Check 190713 <5 <0.001 <0.005

138882 190714 <5 <0.001 <0.005

138883 190715 <5 <0.001 <0.005

138884 190716 <5 <0.001 <0.005

138885 190717 <5 <0.001 <0.005

PROCEDUm Al.4AU3 Page 4 of5 The results Included on this report relate only to the Items tested

Certified By: ' ~ J The Certificate of Analysis should not be reproduced except In full, without the written ?

Derek Demlanluk H.Bsc., Laboratory Manager approval of the laboratory AL903-0092-12I06IlOO6 0 I :59 PM

~. ACCURASSAY U \iIiI LABORATORIES


Avalon Ventures 111 Richmond st. West, Suite 1005 Toronto, ON, CA M5H2G4 Ph#: F~IX#:


Tel: (B07) 626-1 630 Fax: (B07) 622-7571





Sample #: 99 Core


Au Au Au AGcurassay # Client Id

ppb ozlt gft (ppm) 138886 190718 18 <0.001 O.ot8

138887 190719 27 <0.001 0.027

138888 190720 <5 <0.001 <0.005

138889 190721 105 0.003 0.105

138890 190722 <5 <0.001 <0.005

138891 190723 147 0.004 0.147

138892 Check 190723 179 0.005 0.179

138893 190724 126 0.004 0.126

138894 190725 18 <0.001 0.018

138895 190726 110 0.003 0.110

138896 190727 77 0.002 0.077

138897 190728 192 0.006 0.192

138898 190729 258 0.008 0.258

138899 190730 933 0.027 0.933

138900 190731 1981 0.058 1.981

138901 190732 1055 0.Q31 1.055


The CerUficate of Analysis should not be reproduced except In full, without the written approval of the laboratory AL903-0092-I2I06/2006 01 :59 PM

1 046 Gorham Street Thunder Bay, ON Canada P7B 5X5

Tel: (807) 626-1630 Fax: (807) 622-7571



Avalon Ventures III Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 PhI:


Job # 200642489 Reference: 200642459

Sample #: 8 Reject's FalX#: Email [email protected]. desrochers-jph~Y-ICS GOLD

#1 Pulp #2 Pulp Metallics Total % Met. in Pulp Met. AGcurassay # Client Id Assaygft Assay gft Assay gft gft Pulp Weight(g)

139097 190508 0.029 0.019 0.306 0.039 5.49% 53.59

139098 190519 0.544 0.551 0.387 0.538 5.75% 51.71

139099 190520 0.661 0.661 0.419 0.649 5.17% 55.42

139100 190521 0.368 0.326 0.535 0.356 4.80% 47.75

139101 190523 0.289 0.313 0.507 0.312 5.16% 51.55

139102 190524 0.347 0.289 0.383 0.322 5.75% 57.48

139103 190525 0.119 0.115 0.105 0.117 3.50% 35.03

139104 190551 0.317 0.355 0.207 0.329 5.33% 53.33

PROCE~""'PM Certified B~ ~ ::::>

Dere::m;anluk H.Bsc., Laboratory Manager

Page 1 ofl The results Included on this report relate only to the Items tested

The Certificate of Analysis should not be reproduced except In full, wHhout the written approval of the laboratory AL90S-0092-12I06f2006 01 :59 PM

~ ACCURASSAY IiiI.iI ,,'!!' LAB 0 RAT 0 R I E S


Avalon Ventures 111 Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Ph#:


Tel: (S07) 626· 1630 Fax: (S07) 622·7571





Sample #: 67 Core



ppb ozlt glt (ppm) 144407 190831 <5 <0.001 <0.005

144408 190832 10 <0.001 0.010

144409 190833 9 <0.001 0.009

144410 190834 16 <0.001 0.016

144411 190835 <5 <0.001 <0.005

144412 190836 <5 <0.001 <0.005

144413 190837 513 0.015 0.513

144414 190838 86 0.003 0.086

144415 190839 20 <0.001 0.020

144416 190840 3840 0.112 3.840

144417 Check 190840 3438 0.100 3.438

144418 190841 2089 0.061 2.089

144419 190842 62 0.002 0.062

144420 190843 8 <0.001 0.008

144421 190844 708 0.021 0.708

144422 190845 126 0.004 0.126

144423 190846 1441 0.042 1.441

144424 190847 5 <0.001 0.005

144425 190848 <5 <0.001 <0.005

144426 190849 <5 <0.001 <0.005

144427 190850 1016 0.030 1.016 144428 190851 <5 <0.001 <0.005

144429 190852 <5 <0.001 <0.005 PROCE0tt: Page 1 of4

~ The results Included on this report relate only to the Items tested Certified B : The Certificate of Analysis should not be reproduced except In full, without the written

Derek Demlanluk H.Bsc., Laboratory Manager approval of the laboratory AL903-0092·12I06I2006 01 :59 PM

~.". ACCURASSAY ~.".,! LAB 0 RAT 0 R I E I


Tel: (807) 626-1630 Fax: (807) 622-7571



Avalon Ventures 111 Richmond st. West, Suite 1005 Toronto, ON, CA M5H2G4 PhI: F~lX#:



Sample #: 67 Core



ppb ozlt glt (ppm)

144430 Check 190852 <5 <0.001 <0.005

144431 190853 <5 <0.001 <0.005

144432 190854 <5 <0.001 <0.005

144433 190855 5 <0.001 0.005

144434 190856 <5 <0.001 <0.005

144435 190857 <5 <0.001 <0.005

144436 190858 <5 <0.001 <0.005

144437 190859 <5 <0.001 <0.005

144438 190860 <5 <0.001 <0.005

144439 Check 190860 <5 <0.001 <0.005

144440 190861 <5 <0.001 <0.005

144441 190862 <5 <0.001 <0.005

144442 190863 5 <0.001 0.005

144443 190864 <5 <0.001 <0.005

144444 190865 <5 <0.001 <0.005

144445 190866 <5 <0.001 <0.005

144446 190867 <5 <0.001 <0.005

144447 190868 <5 <0.001 <0.005

144448 190869 7 <0.001 0.007

144449 190870 <5 <0.001 <0.005

144450 Check 190870 5 <0.001 0.005

144451 190871 <5 <0.001 <0.005

144452 190872 6 <0.001 0.006

PRO~~D~7 -=> Page 2 of4 The results Included on this report relate only to the Items tested

Certified B The Certificate of Analysis should not be reproduced except In full, without the written Derek Demlanluk H.Bsc., Laboratory Manager approval of the laboratory AL903-0092-12/0612006 01:59 PM

~. ACCURASSAY CI'I., .. ~ LAB 0 RAT 0 R I E I


Tel: (B07) 626-1630 Fax: (B07) 622-7571



Avalon Ventures III Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Ph#: FIiIX#:



Sample #: 67 Core



ppb ozlt 9ft (ppm) 144453 190873 74 0.002 0.074

144454 190874 309 0.009 0.309

144455 190875 6 <0.001 0.006

144456 190876 18 <0.001 0.018

144457 190877 <5 <0.001 <0.005

144458 190878 <5 <0.001 <0.005

144459 190879 7 <0.001 0.007

144460 190880 1295 0.038 1.295

144461 190881 100 0.003 0.100

144462 190882 67 0.002 0.067

144463 Check 190882 48 0.001 0.048

144464 190883 13 <0.001 0.013

144465 190884 7 <0.001 0.007

144466 190885 9 <0.001 0.009

144467 190886 <5 <0.001 <0.005

144468 190887 <5 <0.001 <0.005

144469 190888 107 0.003 0.107

144470 190889 214 0.006 0.214

144471 190890 <5 <0.001 <0.005

144472 Check 190890 <5 <0.001 <0.005

144473 190891 <5 <0.001 <0.005

144474 190892 5 <0.001 0.005

144475 190893 6 <0.001 0.006

PROCE~ AL4AU, Page 3 of4 The results Included on this report relate only to the Items tested

Certified By ~ ~ The Certificate of Analys" should not be reproduced except In full, without the written Derek Demlanluk H.Bsc., Laboretory Manager approval of the laboretory AL903.()()92-12I06IlOO6 01 :S9 PM

.. ,

~"_;'" . '.. ACCURASSAY ~·IIIJ LABORATORIES


Tel: (807) 626-1630 Fax: (807) 622-7571


Certificate of Analysis Wednesday, December 06,2006

Avalon Ventures III Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 PhI: F,aX#:



Sample #: 67 Core



ppb ozlt gft (ppm) 144476 190894 <5 <0.001 <0.005

144477 190895 5 <0.001 0.005

144478 190896 10 <0.001 0.010

144479 190897 13 <0.001 0.013

PROCED~ C.,rtified B~~ :::>

Derek Demlanluk H.Bsc., Laboratory Manager



~ ACCURASSAY ~<, ~ LA 8 0 RAT 0 R I E S


Avalon Ventures III Richmond st. West, Suite 1005 Toronto, ON, CA M5H2G4 F'h#: FaX#:


Tel: (807) 626-1630 Fax: (807) 622-7571





Sample #: 121 Core

Email dsbubar@ava[[email protected]


ppb ozlt gft (ppm)

145566 190898 <5 <0.001 <0.005

145567 190899 <5 <0.001 <0.005

145568 190900 <5 <0.001 <0.005

145569 190901 <5 <0.001 <0.005

145570 190902 <5 <0.001 <0.005

145571 190903 19 <0.001 0.019

145572 190904 28 <0.001 0.028

145573 190905 15 <0.001 0.Dl5

145574 190906 <5 <0.001 <0.005

145575 190907 6 <0.001 0.006

145576 Check 190907 <5 <0.001 <0.005

145577 190908 14 <0.001 0.014

145578 190909 146 0.004 0.146

145579 190910 957 0.028 0.957

145580 190911 81 0.002 0.081

145581 190912 7 <0.001 0.007

145582 190913 39 0.001 0.039

145583 190914 6 <0.001 0.006

145584 190915 10 <0.001 0.010

145585 190916 9 <0.001 0.009

145586 190917 12 <0.001 0.012

145587 Check 190917 9 <0.001 0.009

145588 190918 8 <0.001 0.008


The Certificate of Analysis should not be reproduced except In full, without the written approval of the laboratory AL903-0092-1210612006 02:00 PM

~ ACCURASSAY ~"'!' LA. B 0 RAT 0 R I E I


Tel: (807) 626-1630 Fax: (807) 622-7571



Avalon Ventures 111 Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Plh#: FiOO#:



Sample #: 121 Core



ppb ozlt glt (ppm) 145589 190919 14 <0.001 0.014

145590 190920 15 <0.001 O.ot5

145591 190921 66 0.002 0.066

145592 190922 26 <0.001 0.026

145593 190923 45 0.001 0.045

145594 190924 14 <0.001 0.014

145595 190925 21 <0.001 0.021

145596 190926 12 <0.001 0.012

145597 190927 14 <0.001 0.014

145598 Check 190927 14 <0.001 0.014

145599 190928 13 <0.001 0.013

145600 190929 424 0.012 0.424

145601 190930 178 0.005 0.178

145602 190931 20 <0.001 0.020

145603 190932 14 <0.001 0.014

145604 190933 9 <0.001 0.009

145605 190934 7 <0.001 0.007

145606 190935 8 <0.001 0.008

145607 190936 6 <0.001 0.006

145608 190937 7 <0.001 0.007

145609 Check 190937 10 <0.001 0.010 145610 190938 9 <0.001 0.009

145611 190939 10 <0.001 0.010

PROCEDU~A1.4AU3 Page 2 of6 The results Included on this report relate only to the Items tested

Certified By: ~ The Certificate of Analysis should not be reproduced except In full, without the written Derek Demlanluk H.esc., Laboretory Manager approval of the laboratory AL903-0092-1210612006 02:00 PM

~ ACCURASSAY ~''''~ LABORATORIES


Tel: (B07) 626-1630 Fax: (807) 622-7571



Avalon Ventures III Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Ph#: FliX#:



Sample #: 121 Core



ppb ozlt gft (ppm)

145612 190940 1316 0.038 1.316

145613 190941 10 <0.001 0.010

145614 190942 10 <0.001 0.010

145615 190943 289 0.008 0.289

145616 190944 44 0.001 0.044

145617 190945 148 0.004 0.148

145618 190946 58 0.002 0.058

145619 190947 311 0.009 0.311

145620 Check 190947 276 0.008 0.276

145621 190948 345 0.010 0.345

145622 190949 359 0.010 0.359

145623 190950 926 0.027 0.926

145624 190951 10 <0.001 0.010

145625 190952 210 0.006 0.210

145626 190953 6 <0.001 0.006

145627 190954 13 <0.001 0.013

145628 190955 <5 <0.001 <0.005

145629 190956 6 <0.001 0.006

145630 190957 8 <0.001 0.008

145631 Check 190957 6 <0.001 0.006

145632 190958 7 <0.001 0.007

145633 190959 7 <0.001 0.007

145634 190960 7 <0.001 0.007

PROC~AL4~ Page 3 of6 The results Included on this report relate only to the Items tested

Certified By . :::> The Certificate of Analysis should not be reproduced except In full, without the written Derek Demlanluk H.Bsc., Laboratory Manager approval of the laboratory AL903-0092-12I06I2006 02:00 PM

~.. ACCURASSAY ~ ~.,! LAB 0 RAT 0 R I E S


Avalon Ventures III Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Phj~:

Fa):#:


Tel: (807) 626-1630 Fax: (807) 622-7571





Sample #: 121 Core



ppb ozlt glt (ppm)

145635 190961 157 0.005 0.157

145636 190962 7 <0.001 0.007

145637 190963 429 0.013 0.429

145638 190964 16 <0.001 0.016

145639 190965 6 <0.001 0.006

145640 190966 5 <0.001 0.005

145641 190967 658 0.019 0.658

145642 Check 190967 665 0.019 0.665

145643 190968 51 0.001 0.051

145644 190969 11 <0.001 0.011

145645 190970 949 0.028 0.949

145646 190971 7 <0.001 0.007

145647 190972 6 <0.001 0.006

145648 190973 <5 <0.001 <0.005

145649 190974 8 <0.001 0.008

145650 190975 <5 <0.001 <0.005

145651 190976 30 <0.001 0.030

145652 190977 8 <0.001 0.008

145653 Check 190977 10 <0.001 0.010

145654 190978 313 0.009 0.313

145655 190979 1174 0.034 1.174

145656 190980 442 0.013 0.442

145657 190981 116 0.003 0.116



~_. ACCURASSAY ~,.,~ LABORATORIES


Tel: (807) 626-1630 Fax: (807) 622-7571

www.accurassay.com [email protected] .


Avalon Ventures III Riclunond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Ph;/#: Fa:c#:



Sample #: 121 Core



ppb ozlt glt (ppm)

145658 190982 14 <0.001 0.014

145659 190983 52 0.002 0.052

145660 190984 22 <0.001 0.022

145661 190985 7 <0.001 0.007

145662 190986 61 0.002 0.061

145663 190987 23 <0.001 0.023

145664 Check 190987 7 <0.001 0.007

145665 190988 10 <0.001 0.010

145666 190989 12 <0.001 0.012

145667 190990 77 0.002 0.077

145668 190991 <5 <0.001 <0.005

145669 190992 19 <0.001 0.019

145670 190993 383 0.011 0.383

145671 190994 3759 0.110 3.759

145672 190995 144 0.004 0.144

145673 190996 9595 0.280 9.595

145674 190997 2926 0.085 2.926

145675 Check 190997 3296 0.096 3.296

145676 190998 3461 0.101 3.461

145677 190999 505 0.Ql5 0.505

145678 191000 1298 0.Q38 1.298

145679 193751 134 0.004 0.134

145680 193752 617 O.QlS 0.617

PROCEDUtt Page 5 of6 The results Included on this report relate only to the Items tested

Celrtified By: =----==' The Certificate of Analysis should not be reproduced except In full, without the written Oerek Oemlanluk H.Bsc., Laboratory Manager approval of the laboratory AL903-0092-12I06I2006 02:00 PM

I • ~,

~ ACCURASSAY U .. ·'!" LAB 0 RAT 0 R I E 5

Wc:dnesday, December 06, 2006

Avalon Ventures III Richmond st. West, Suite 1005 Toronto, ON, CA M5H2G4 Ph#: FaX#:


Tel: (807) 626-1630 Fax: (807) 622-7571





Sample #: 121 Core

Email dsbubar@ava)[email protected]

Au Au Au Ac:curassay # Client Id

ppb ozlt 9ft (ppm) 145681 193753 528 O.ot5 0.528

145682 193754 21 <0.001 0.021

145683 193755 43 0.001 0.043

145684 193756 482 0.014 0.482

145685 193757 356 0.010 0.356

145686 Check 193757 332 0.010 0.332

145687 193758 3092 0.090 3.092

145688 193759 116 0.003 0.116

145689 193760 123 0.004 0.123

145690 193761 468 0.014 0.468

145691 193762 10 <0.001 0.010

145692 193763 255 0.007 0.255

145693 193764 93 0.003 0.093

145694 193765 <5 <0.001 <0.005

145695 193766 26 <0.001 0.026

145696 193767 7 <0.001 0.007

145697 Check 193767 9 <0.001 0.009

145698 193768 46 0.001 0.046


The Certificate of Analysis should not be reproduced except In full, without the written approval of the laboratory AL903-0092. J 2/06/2006 02:00 PM

~ •• :. ", 0" ACCURASSAY ~.,.~ LABORATORIES

1046 Gorham Street Thunder Bay, ON Canada P7B SX5

Tel: (807) 626-1630 Fax: (807) 622-7571


Certificate of Analysis Wc:dnesday, December 06, 2006

Avalon Ventures 111 Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Ph#: FaX#:



Sample #: 54 Core



ppb ozlt 9ft (ppm) 148483 193769 <5 <0.001 <0.005

148484 193770 36 0.001 0.036

148485 193771 374 0.011 0.374

148486 193772 93 0.003 0.093

148487 193773 121 0.004 0.121

148488 193774 4660 0.136 4.660

148489 193775 1200 0.035 1.200

148490 193776 35 0.001 0.035

148491 193777 1876 0.055 1.876

148492 193778 1789 0.052 1.789

148493 Check 193778 1744 0.051 1.744

148494 193779 104 0.003 0.104

148495 193780 1021 0.030 1.021

148496 193781 <5 <0.001 <0.005

148497 193782 599 0.017 0.599

148498 193783 190 0.006 0.190

148499 193784 187 0.005 0.187

148500 193785 520 0.015 0.520

148501 193786 8 <0.001 0.008

148502 193787 38 0.001 0.037

148503 193788 46 0.001 0.046

148504 Check 193788 24 <0.001 0.024

148505 193789 14 <0.001 0.014

PROCE~~'AL4AU3 Page I of3 The results Included on this report relate only to the Items tested

Certified B : ~ '"':::> The Certificate of Analysis should not be reproduced except In full, without the written De k Demlanluk H.Bsc., Laboratory Manager approval of the laboratory AL903-Q092-12I06I2006 02:00 PM

~ ACCURASSAY ~ .. ~ LABORATORIES


Tel: (807) 626-1630 Fax: (807) 622-7571



Avalon Ventures 111 Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Ph;f#: Fa:<#:



Sample #: 54 Core


Au Au Au Ac:curassay # Client Id ppb ozlt glt (ppm)

148506 193790 6 <0.001 0.006

148507 193791 17 <0.001 0.017

148508 193792 746 0.022 0.746

148509 193793 614 0.018 0.614

148510 193794 179 0.005 0.179

148511 193795 <5 <0.001 <0.005

148512 193796 10666 0.311 10.666

148513 193797 248 0.007 0.248

148514 193798 4495 0.131 4.495

148515 Check 193798 3910 0.114 3.910

148516 193799 322 0.009 0.322

148517 193800 732 0.021 0.732

148518 193801 457 0.013 0.457

148519 193802 200 0.006 0.200

148520 193803 29 <0.001 0.029

148521 193804 519 0.Ql5 0.519

148522 193805 295 0.009 0.295

148523 193806 7 <0.001 0.007

148524 193807 <5 <0.001 <0.005

148525 193808 946 0.028 0.946

148526 Check 193808 832 0.024 0.832

148527 193809 12 <0.001 0.012

148528 193810 1193 0.035 1.193

Page 2 0(3

Certified By: .k:::=:;j~=======--The results Included on this report relate only to the Items tested

The Certificate of Analysis should not be reproduced except In full, without the written approval of the laboratory AL903-0092-1210612006 02:00 PM

~ .... _ ACCURASSAY ~ "-'! LAB 0 RAT 0 R I E I


Avalon Ventures 111 Richmond st. West, Suite 1005 Toronto, ON, CA M5H2G4 Ph#: FaX#:


Tel: (807) 626-1630 Fax: (807) 622-7571





Sample #: 54 Core


Au Au Au Ac:curassay # Client Id

ppb ozlt gft (ppm) 148529 193811 10 <0.001 0.010

148530 193812 <5 <0.001 <0.005

148531 193813 5 <0.001 0.005

148532 193814 <5 <0.001 <0.005

148533 193815 <5 <0.001 <0.005

148534 193816 12 <0.001 0.012

148535 193817 72 0.002 0.072

148536 193818 287 0.008 0.287

148537 Check 193818 209 0.006 0.209

148538 193819 17 <0.001 0.017

148539 193820 7 <0.001 0.007

148540 193821 20 <0.001 0.020

148541 193822 <5 <0.001 <0.005


The Certificate of Ana\ysla should not be reproduced except In full, without the written approval of the laboratory AL903-0092-1210612006 02:00 PM

~ .. _f.;;". '" ACCURASSAY QiJ." ~ L A 8 0 RAT 0 R I E S

Tuesday, December 12, 2006

A valon Ventures III Richmond St. West, Suite 1005 Toronto, ON, CA M5H2G4 Ph#:


Tel: (B07) 626-1630 Fax: (807) 622-7571

www.accurassay.com as [email protected]


Date Received: 22-Nov-06 Date Completed:

Job # 200642754 Reference:

Sample #: 18 Reject's FclX#: Email [email protected]. desrochers-jph~y..ICS GOLD

#1 Pulp #2 Pulp Metallics Total % Met. in Pulp Met. Accurassay # Client Id Assay gft Assaygft Assaygft gft Pulp Weight(g)

159117 190993 0.332 0.38 0.76 0.358 0.44% 2.43

159118 190994 4.423 3.5 3.335 3.932 4.65% 18.73

159119 190995 0.062 0.093 2.023 0.142 3.30% 24.5

159120 190996 3.297 3.736 1.376 3.381 6.32% 25.36

159121 190997 4.163 4.142 13.623 4.592 4.63% 20.98

159122 190998 4.233 3.977 11.648 4.489 5.09% 18.85

159123 190999 0.375 0.361 0.182 0.359 4.64% 18.88

159124 193751 0.172 0.202 0.083 0.185 2.48% 15.75

159125 193752 0.209 0.247 3.711 0.299 2.05% 12.66

159126 193753 0.711 0.676 1.851 0.717 2.05% 17.37

159127 193754 0.033 0.016 0.022 0.025 2.02% 15.39

159128 193755 0.064 0.022 <0.005 0.041 3.93% 15.85

159129 193756 0.283 0.329 0.388 0.309 3.27% 14.73

159130 193757 0.239 2.47 3.923 1.478 4.81% 17.43

159131 193758 1.805 1.863 0.026 1.711 6.77% 29.8

159132 193759 0.103 0.093 1.962 0.159 3.26% 14.18

159133 193760 0.12 0.107 0.228 0.1l8 3.86% 19.22

159134 193761 0.697 0.77 0.44 0.716 6.05% 28.72

Page 1 of1 results Included on this report relate only to the Items tested

~_~t-=::iOZ::!!!!:=====--me"e Certificate of Analysis should not be reproduced except In full, without the written approval of the laboratory AL908-0092-12l12l2006 02:0S PM


APPENDIX 2

Diamond Drill Logs

Page 17

Azimuth:

Dip:

LfHIgth:

Started:

DrI!!/~

180 -48

Compl.r.d:

135.00 meters 18-Oc1..()6 19-Oct..()6 10-0cI..()6 Lowed:

w.dged:

Wedged Ii'om: No

~!"-IJ LfHlgth: 3.65 meters Pulled: No

c.pp.d: No

CemMIfIII: No

Core

DlmfHlS/on: NQ Original Units: M

SIOnIfIe: Thunder Bay Shop

Targ«: Teat central part of northern gold bearing corridor

CommenlS: CoUanld right next to bad creek, very wet area.

Devlafl2a ra

DlSlJlnce Azimuth DIp Type (m)

0.000 180.00 -48.00 C 80.000 181.00 -44.50 A

135.000 182.00 -42.50 A

AVALON VENTURES LIMITED

Diamond Drill Hole Report

Townahlp:

ClaIm No: NTS:

CONANT

3013467 52J/09

Surlat:e Hole: Yes

Coqntf!Jff!: Gtmcom Eat: NOI1Ir: EIevefIon:

Location

Staked

Level:

cqonlmltt - U7JI

Eat: 672018 NotIh: 5582803 EIwatIon: 422

Coonf".,. Grid

Eat: North: aw.tIon:

UTJI Zone: NAD83 ZONE15 Grid Hllme:

Hole Number: SL06-01 Project: U6-SAVANT LAKE Project Number:

Other

Contractor: CHIBOUGAMAU DRILLIN

Spotted by: Mitch Dumoulin Coord Type: GPS

Surveyed by: Mftch Dumoulin Surveyed Dat8: 22-Oct..()6 Loflrl8d by: Mitch Dumoulin ~by: w.ter Source: Handy Lake, 400 meters e w.terllne: Leit In hole: Nothing

Control DrIII/IIfI: Drill Rete Cuttlng_pled: No GeophysIQ:

Page 1 of 1

AVALON VENTURES LIMITED Hole Number: SL06-01 ProJect: U6-SAVANT LAKE

Geological Description with Assays Project Number:

To LlllfIIh From (m) (m) Rock DescrIption

From

(m)

To

(m) (m) Au (QPt) Au (eRA) Au (ppb) V.G. Comments

0.00 3.65 (CASING) CASING OV

3.85

Bouldel'll, YIIIY wei near creek.

9.85 (3b) FELD8PAR.f'HYRIC INTERMEDIATE FLOW PF

Porphyritic Intennedlatlt Volcanics. Semknasalve to Makly schistOlle at 40' ca., medium grey.oelge, with 20% 1-5mm feldspar and 5% 3-4mm blue eyes of quartz phellOClYlla in a felsic but also I8k:oH aphanitic groundm.... Very weak 1111cifIcat1on but moderate sericitization of groundm.... Some disseminated pyrite OCCUI'II but nothing significant. However, a small interval of BIOTITE SCHIST OCCUI'II between 4.8 and S.Om with Just 112% pyrite.

11.85 47.85 (4) FELSIC METAVOLCANIC ROCK (UNDIFFERENTIATED) SCH

Felsic meta Volcanic Flows (Graywacke???). Weakly to moderately schlstOlle at 45' ca., light grey-beige-greenllh becoming fairly greenish down the hole felsic flows, with UkeIy a very discrete .nd blurred poIphyritlc texture but otherwise, with a YIIIY silicic and aphanitic groundm ... and • dacitic-rhyolitlc composition. The greenish color is given by a weak to moderate sericitization. It also contain •• weak pervasive carbonatatlon .1 well as 1·2% scalleRld and irregular Ihaped stringers of calcite. Some smaH intervais contain significant minenllizatlon but otherwise, only Isolated grains of disseminated pyrite can be seen erratlcaly. However, an Intersection of black BIOTITE SCHIST is in place at the upper contact between 9.85 and 10.4Om with 0.5% pyrite. Upper contact at 80" ca.

47.85 57.20 (h) QUARTZ..fELDSPAR PORPHYRY PF

Feklspar.Quratz Pophyry. Medium grey, massive to weakly schistOlle at 45' ca., fine grained 1·2mm groundm ... with dominant felsic minerals mainly fatdspal'll at 80% and quartz 30-35% and some dark chloritlc minerals to complete. Groundmesl is talcOlle and highly sericllized likely S8uaaurltized es wen, and conteins 10% feldspar phenocrysts 2·Smm up to 8mm for the big white ones, and 2-3% 3-4mm blue eyes of quartz phenocrysts also. Some part of the unit has an enrichment in quartz ftooding. particularly ~ 54.S-55.Sm, and it contains an Interval of felsic flows between 5O.8-52.7m. Occasional grains of disseminated pyrite occur but not in significant numbers. A weak pervasive carilonatation is also present. Upper contact at 50' ca.

50.80 • 52. 70 (4) FELSIC META VOLCANIC ROCK (UNDlFFERENn

Interval of felsic volcanic flows, no significant mineralization

06-0ec-06 9:56:46 AM

193769 8.80 9.65

193no 9.85 10.40 193n1 10.40 11.20 193n2 11.20 12.20 193m 12.20 13.20 193774 13.20 13.90 193nS 13.90 14.60 193n6 14.80 15.30 193m 15.30 15.80 193n8 15.80 16.30 193n9 16.30 16.90 193780 16.90 16.91

193781 54.20 54.90 193782 54.90 55.80

0.85 0.01 0.001 5 0 1%dl8Spy

0.75 0.04 0.001 36 o Biotite schist, tr py 0.80 0.37 0.011 374 o 0.5% dill py 1.00 0.09 0.003 93 0 1.00 0.12 0.004 121 0 0.70 4.66 0.136 4660 o trstrpy 0.70 1.20 0.035 1200 o 0.5% py In blot planes

0.70 0.04 0.001 35 o 1% py in blot planes 0.50 1.88 0.055 1876 o bIot-carb rich, 0.5% py 0.50 1.74 0.051 1744 o bIot-carb rich, 1% py. 3% cpy 0.80 0.10 0.003 104 o trpy 0.01 1.02 0.030 1021 o Standard 1, 1.206 gpt

0.70 0.01 0.001 5 o 10% qz-trn floods 0.70 0.60 0.017 599 o 25% qz ftoods

Page 1 of3

AVALON VENTURES LIMITED Hole Number: SL06-01 Project : U6-SAVANT LAKE


From To From To Length (m) (m) Rock DescrIption Sample (m) (m) (m) Au (gpt) Au (OZlt) Au (ppb) V.G. Comments

57.20 78.65 (4) FELSIC METAVOLCANIC ROCK (UNDIFFERENTIATED) SCH 193783 58.80 59.60 0.60 0.19 0.006 190 o 45 + 3an biotite schist, tr sir py Felsic meta Volcanic Flows. Weakly to moderately schistose at 45-50. ca., 193784 59.60 60.60 1.00 0.19 0.005 187 o bIotitic, 20cm of highly dlss py-po at 59.2m Light grey1l_nlsh to light green, aphanitlc groundmass and fairly silicic, 193785 60.60 61.10 O.SO 0.52 0.015 520 o 4cm semknass pY-i:py str strongly sertcftlzed and IUkely seusluritized. It contains a weak pervasive

193786 61.10 61.60 0.70 0.01 0.001 8 o Irpy carbonatatlon that includes micro Wllniats of calcite. Not magnetle. Pretty smooth and homogeneous rock with no significant mineralization. 193787 61.60 62.30 O.SO 0.04 0.001 38 o 1 112cm qz-tm vn Upper contact at 55· ca. 193786 75.00 76.00 1.00 0.02 0.001 24 o Very falsie + ser

193789 76.00 n.oo 1.00 0.01 0.001 14 o Very falsie + ser 193790 77.00 78.00 1.00 0.01 0.001 6 o Very falsie + ser 193791 78.00 78.60 0.60 0.02 0.001 17 o Very falsie + ser

78.85 81.95 (8r) BIOTlTE..QUARTZ SCHIST At Tl 193792 78.60 79.65 0.85 0.75 0.022 746 o AI above + Ir py Biotite Schist. Black, massive to weakly schistose at 60· ca., groundmass with 193793 79.65 60.20 0.55 0.61 0.018 814 o Black Blot schilt, 3mm py-po-cpy str extreme blotitlc altaretion (micro grains of biotite) and 5% Irregular fragments or 193794 60.20 60.60 0.60 0.18 0.005 179 o BIackn Blot Ichlst, Ir py stringers of quartz-quartz carbon~rbonates. The schist Is more or less

193795 60.60 60.81 0.01 0.01 0.001 5 o Blank mineralized with disseminated pyrite and pyrrhotite, the most significant being around 81m. 193796 60.81 81.30 0.49 10.67 0.311 10668 o Blot schls~ 15cm qz IIoodI + 20% py-po-cpy Upper contact at SO· ca. 193797 81.30 81.95 0.65 0.25 0.007 248 o Blot schls~ 0.5% py-po sir

81.95 135.00 (_) FELSIC lAPlLLI TUFF SCH 193798 81.95 82.70 0.75 4.50 0.131 4495 o BIotitlc Tuff, Ir diss py Mala Felsic Laplill Tuff. Weakly to locally moderately schistose at 55· ca., 193799 82.70 83.60 0.90 0.32 0.009 322 o Irllrpy medium grey (light grey-belge on dry fractures), with approximally SO% of dark 193800 83.60 84.50 0.90 0.73 0.021 732 0 chlotitlc and light balge-green fragments and elongated laplill contained In a

193601 84.50 85.40 0.90 0.46 0.013 457 0 balge felsle and aphanitlc groundmass that Is moderately serIcItized as well. Soapy texture on surface and rather talcoae when fractured. Very weak 193602 85.40 86.30 0.90 020 0.006 200 o trpy-i:py pervasive carbonatallon and not magnatlc. Traces of sulphides occur as tracas 193603 86.30 87.20 0.90 0.03 0.001 29 0 and seaHeredly although batter concentrations locally. 193804 87.20 86.10 0.90 0.52 0.015 519 o 0.5% sir pY-i:py Upper contact at 50· ca.

193805 86.10 89.00 0.90 0.30 0.009 295 o Ir very fine py 193606 89.00 89.90 0.90 0.01 0.001 7 0 193607 89.90 90.70 0.60 0.01 0.001 5 0 193808 90.70 91.20 0.50 0.83 0.024 832 o 3-4cm qz vn, 3% dlss pY-i:py 193609 91.20 92.20 1.00 0.Q1 0.001 12 o Irdlss py 193810 92.20 92.21 0.01 1.19 0.035 1193 o Standard 2, 1.431 gpt 193811 92.21 93.20 0.99 0.01 0.001 10 o Irpy 193812 93.20 93.90 0.70 0.01 0.001 5 o 4cm qz str (30· ca), tr py-po

193813 93.90 94.70 0.60 0.01 0.001 5 0 193814 94.70 95.50 0.80 0.01 0.001 5 o lcm qz-carb sir 193815 95.50 96.00 0.50 0.01 0.001 5 o 4cm qz-tm floods, tr py

06-0ec-06 9:56:48 AM Page 2 of3

AVALON VENTURES LIMITED Hole Number: SL06-01 Project : U6-8AVANT LAKE


From To From To Length (m) (m) Rock Description Sample (m) (m) (m) Au (wtJ Au (OZlf) Au (ppb) V.G. Comments

193816 111.40 112.10 0.70 0.01 0.001 12 0 Ir line gr dlss py 193817 112.10 112.70 0.60 0.07 0.002 n 0 2% disrupted sir PY1)O 193818 112.70 113.30 0.60 0.21 0.006 209 0 1an disrupted sir PY1lO 193819 116.30 116.90 0.60 0.02 0.001 17 0 Ir Py assoc. with bioi 193820 116.90 117.50 0.60 0.01 0.001 7 0 1·2% qz 1Iood., 1% dlsl Py

193821 117.50 118.30 0.60 0.02 0.001 200 193822 118.30 119.00 0.70 0.01 0.001 5 0 1 an cx-cut qz sir, Ir Py

06-0ec-06 9:58:48 AM Page 3 of3

DrlI'lnf! Cas/".l1 Azimuth: 180 Length: 9.05 meters Dip: -56 Pulled: Yes Length: 171.00 meters Capped: No Staned: 19-0cl-<16 Cemented: No Completed: 2O-Oct-06

Core Logged: JO.Oct-06 wq.d: No

Dim_ion: NQ Wedged from: OrlgIIMI Unn.: M StonIge: Thunder Bay Shop

Target: Test Northem gold bearing corridor 110m below surface

AVALON VENTURES LIMITED Diamond Drill Hole Report

Township:

Claim No: NTS:

CONANT 3013466 52J109

Surl/Jce Hole: Yes Coontinft Gemcom

East: North: Elevation:

Location

Staked

Level:

CogrdI"", - IJTII CogrdI""" Gdd Eat: 671928 Eut: Nof1ll: 5582696 Nonh: EIwatIon: 425 EIwatIon: IJTII Zone: NAD63, ZONE 1 Grid Name:

Commfltlts: Collared In boulders field with 9 meters of overburden. Casing has been pulled out.

DevIatIop Tesq

DlS1ImCfl AzImuth Dip Type (m)

0.000 180.00 -56.00 C 63.000 181.00 -54.00 A

120.000 182.00 -52.50 A 171.000 183.00 -47.50 A


Other ContnK:tor: Spotllld by:

CHIBOUGAMAU DRILLIN Milch Dumoulin

Coord J»Je: GPS Surveyed by: Milch Dumoulin Surveyed Dete: 22-Oct-06 Logged by: Milch Dumoulin RHogfled by: Water Soun:e: Handy Lake Waterline: Left In hole: Nothing Control Drlmng: Drill Rate Cutting_pied: No Geophyal":

Page 1 of 1

AVALON VENTURES LIMITED Hole Number: SL06-02 Project : U6-SAVANT LAKE Geological Description with Assays Project Number:

From To From To Length (m) (m) Rock Description

Sample (m) (m) (m) Au (gpt) Au (OzA) Au (ppb) V.G. Comment, 0.00 9.05 (CASING) CASING

Boulders

11.05 130.80 (3b) FELDSPAR-PHYRIC INTERMEDIATE FLOW SCH 190634 12.20 12.90 0.70 0.53 0.015 531 o Fault zone (c:z12.7I, 8% cubic py Intennedlate feldapar-amphiboles.qz porphyrltle meta volcanics. Weakly 190635 12.90 13.50 0.60 1.20 0.035 1202 o Fault Zone, 4% cubic py schlslose CD 45-55° ca., Intennedlate voIcanle lion with porphyritic texture with 190638 13.SO 14.10 0.60 0.04 0.001 44 0 Fault Zone, 1% py sir 5-25% dominant feldspar-amphlboles phenocrysts 1-Smm as wall as some 5%

190637 14.10 15.00 0.90 0.01 0.001 10 OO.5%llrpy white and blue qz phenoclysts Included In the groundm.... Where coarse lexlure, It lomewhallooka alike as a gabbro in I groundm ... that Is wry weH 190638 15.00 15.90 0.90 0.05 0.001 51 0 2 X 1 em py Itr, cuble laussurltlzed al well .1 serlcltlzed or even chlorltlzed. The unit is locally 190639 15.90 16.80 0.90 0.03 0.001 28 0 1% py, disrupted Itr mlnenllJzed Ihroughout the unit al disseminated, Itringers or blebs of pyrite

190640 18.80 16.81 0.01 1.35 0.039 1349 o Standard 2, 1.431 gpt sometimes heavyly In lome apeciIIc area (fault or silicified Interval), and consist

190841 16.81 17.70 0.89 0.04 0.001 39 o 1-2% py, dllrupted Itr mainly of pyrite with minor pyrrhotite. Starting at 99.Om, there is 1% of the feldspar phenocrysts becoming fairly larges 190842 17.70 18.30 0.60 0.09 0.003 89 o l%cubicpy up to lem in a rock that is wry weakly schistose (more massive). The blue 190843 18.30 19.30 1.00 0.04 0.001 40 o trpy eyes of quartz are also more obvioul.

190644 19.30 20.10 0.80 0.01 0.001 12 o 0.5%py 12.20 -13.80 (FZ) FAULT ZONE ALn 190845 20.10 20.60 O.SO 0.05 0.002 52 o 0.5% cubic py Fault Zone. Intensely altered and sheared CD SOO ca., porphyritic 190648 30.00 30.70 0.70 0.14 0.004 143 o 2% py, weakly ,"Ie. Intennedlate volcanics, which zone conteins as high as 20% blebby pyrite 190847 30.70 31.60 0.90 0.02 0.001 17 o trpy

along shearing between 12.8-13.4m where the main part of the fault Is 190648 31.60 32.40 0.80 0.16 0.005 163 o l%slrpy

localized

190849 32.40 33.00 0.60 0.06 0.002 61 o 2cm cx-cut qz vn, 0.5% py 1906SO 33.00 33.80 0.80 0.05 0.001 51 o 0.5%strpy 35.00-35.10 {117J IIINERAUZED ZONE AL B 190651 33.80 34.40 0.60 0.12 0.004 123 o 1%strpy SHicified Zone. Strongly sillcilled intennedlate volcanics with 15% pyrite as 190652 34.40 35.00 0.60 0.04 0.001 43 o weak sille., 1% py blebs and stringers along weak schistosity. Pyrite is mostly cubic 190653 35.00 35.60 0.60 0.67 0.020 673 o Strong lille., 10% cuble, bIebby & sir py 190654 35.60 36.40 0.80 0.01 0.001 11 o Irpy "ISO -4.20 {117J IIINERAUZED ZONE AL B 190655 36.40 36.41 0.01 0.01 0.001 5 o Blank Silicified Zone with quartz fragments, moderalely sheared at 45° ca., weak 190656 36.41 37.00 0.59 0.01 0.001 9 o qz-carb atr, Ir py pervasive calcHe. It contains up to 15% seml-masslve sulphides py-cpy In 190657 39.SO 40.00 O.SO 0.33 0.009 325 o 2% py str in carbo Streaks (check) the most siliceous part while fine stringers of sulphides complete the inlerval. 190658 43.90 44.70 0.80 0.02 0.001 16 o 4cm + 2em cx-cut qz atr, tr py 190659 44.70 45.70 1.00 0.02 0.001 22 0 190680 45.70 46.60 0.90 0.03 0.001 28 o 1% dlsa. Py 190661 46.60 47.40 0.80 0.40 0.012 401 o 15% py, 4% cpy, dlasem + seml-massive + sillc. 190662 47.40 46.20 0.80 0.06 0.002 64 o 3-4% dlsa. +str py 190663 46.20 49.00 0.80 0.09 0.003 94 o 1%dlsa. Py 190664 57.00 57.90 0.90 0.03 0.001 30 o 1% strpy

08-Dec-0610:14:22 AM

Page 1 of 4

AVALON VENTURES LIMITED Hole Number: SL06-02 Project : U6-SAVANT LAKE Geological Description with Assays Project Number:

FfORI To From To LfIIIgth (m) (m) Rock Description

Sample (m) (m) (m) Au (gpt) Au (OzA) Au (Ppb) V.G. Comments

190665 57.90 58.90 1.00 0.01 0.001 8 0 190668 58.90 59.70 0.80 0.06 0.002 61 o 2%alrpy 190667 67.00 67.60 0.60 0.01 0.001 12 o 3an qz-tm SIr, Ir py (check) 190668 69.30 69.60 0.50 0.46 0.013 460 o 2mm + lcm py-cpy sir (check) 190669 72.00 73.00 1.00 0.02 0.001 17 o 1-2%slrpy 190670 73.00 73.01 0.01 1.01 0.029 1011 o Standard 1, 1.206 gpt 190671 73.01 73.80 0.79 0.24 0.007 237 o 3%Slrpy 190672 73.80 74.60 1.00 0.01 0.001 10 o trpy 190673 74.80 75.80 1.00 0.01 0.001 10 o Irpy 190674 75.80 76.80 1.00 0.01 0.001 8 Olrpy 190675 76.80 77.40 0.60 0.21 0.006 213 o 4% cubic py air 190676 77.40 78.20 0.80 0.03 0.001 32 o 3%dlss. Py 190677 78.20 79.00 0.80 0.01 0.001 5 o 0.5% dlss. Py 190678 79.00 80.00 1.00 0.01 0.001 5 0 190679 80.00 81.00 1.00 0.01 0.001 6 0 190680 81.00 81.80 0.80 0.09 0.003 88 o lcm py str + carb 190681 81.60 82.50 0.70 0.01 0.001 5 o 1-2% py sir 190682 82.50 83.50 1.00 0.01 0.001 8 o Irpy 190683 83.50 84.10 0.60 0.01 0.001 5 o lcm bIoken sir py 190684 95.70 96.30 0.60 0.01 0.001 5 o 40cm sheared zone, 1% py sir (check) 190685 96.30 96.31 0.01 0.01 0.001 5 0 Blank 190888 108.50 109.10 0.60 0.01 0.001 5 o 3an cx-cut qz vn, Ir py 190687 109.10 109.90 0.80 0.01 0.001 5 o Irpy 190688 109.90 110.60 0.70 0.01 0.001 5 o 1% diu. Py, weak silic. 190689 110.60 111.50 0.90 0.01 0.001 5 o Irpy 190690 111.50 112.20 0.70 0.01 0.001 10 o Irpy 190691 112.20 112.90 0.70 0.01 0.001 5 o Irpy 190692 112.90 113.90 1.00 0.01 0.001 5 o trpy 190693 113.90 114.60 0.70 0.01 0.001 11 o 3% py-po in 30cm qz-alrb-tm sheer zone 190694 114.60 115.20 0.60 0.01 0.001 5 o 1 % py In weak sHIc. Interval 190695 115.20 115.80 0.60 0.01 0.001 6 o tr py in 40cm tm-alrb interval 190696 129.80 130.60 0.80 0.01 0.001 5 0 130.60 134.80 (3) INTERMEDIATE METAVOLCANIC ROCK (UNDIFFERENTIATED) AL TW 190697 130.60 131.10 0.50 0.01 0.001 5 0 4cm qz-tm veln + 2xll2cm py sir Intermediate Metavolcanic Flows. Light grey with a slight tint of green, weakly to 190698 131.10 131.80 0.70 0.01 0.001 5 o 2cm chert air, 0.5% py moderately schistose 40-45° Ca., groundmass Is moderately siliceous, and that 190699 131.80 132.60 0.80 0.01 0.001 5 o 0.5%pystr 06-Dec-06 10:14:22 AM

Page 2 0'4

AVALON VENTURES LIMITED Hole Number: SL06-02 Project : U6-5AVANT LAKE


From To From To Length (m) (m) Rock Description Sample (m) (m) (m) Au (gpt) Au (OZIf) Au (ppb) V.G. Comments

Is also weakly to moderately sericiti:ed for the greenish tint. It Is weakly 190700 132.60 132.61 0.01 0.01 0.001 5 o Standard 2, 1 .431 gpt porphyritic: wtth 5-10% tiny l~m feldspar phenocrysts more or less elongated 190701 132.61 133.60 0.99 0.01 0.001 6 o 0.5% sir py, talcose along schlstosiy. A weak pevasive carbonalstion completes the composition of

190702 133.60 134.60 1.00 0.01 0.001 5 o talcose groundmass. Some magnetism is notlead In the core where pyrrhotite Is in association wtth the pyrite. Upper contad at 50· ca.

134.60 147.60 (SZ) SHEAR ZONE SZ 190703 134.60 135.20 0.60 0.01 0.001 5 o Start SZ, 2% wispy py-po Intsrmedlste Metavolcanic Flows. above but in a SHEAR ZONE, wtth local 190704 135.20 135.60 0.60 0.67 0.019 667 o Tm rich. 2-3% slr+wlspa py-po black chlori!e-tourmali_rbonates rich or siliCilled intervals and that are 190705 135.60 136.60 1.00 0.01 0.001 5 o Weak Tm, tr py generally more or less mineralized wtth pyriIe-pyn1lotite disseminated or as

190706 136.60 137.70 0.90 0.01 0.001 5 0 stringers along schistosity at 40-45. ca. Local magnetism due to pynf1otlte. Groundmass also contains quartz velniets, stringers of floodings running along 190707 137.70 136.30 0.60 0.02 0.001 21 o lem massive py sir, mod Tm core wtth frequent epidote in association wtth the quartz. 190706 136.30 139.20 0.90 0.01 0.001 5 0 Upper contad at 40· ca. 190709 139.20 139.80 0.60 0.01 0.001 7 o 50cm Tm .. Qnein 40·, tr py

190710 139.60 140.50 0.70 0.01 0.001 5 o Sericite-Tm alt., tr py 190711 140.50 141.10 0.60 0.01 0.001 5 o 2em irreg. qz sir along core, strong ser., tr py 190712 141.10 141.60 0.70 0.01 0.001 5 o Same.above 190713 141.60 142.50 0.70 0.01 0.001 5 o 2em qz str 40·, sericite 190714 142.50 143.20 0.70 0.01 0.001 5 o 1 em cx-cut qz, strong aer. 190715 143.20 143.21 0.01 0.01 0.001 5 o Blank 190716 143.21 144.00 0.79 0.01 0.001 5 o silic. +ser. 190717 144.00 144.90 0.90 0.01 0.001 5 o SHic._, 0.5% py-cpy 190716 144.90 145.70 0.80 0.02 0.001 18 o lil._., 0.5% pY-qly-PO

190719 145.70 146.60 0.90 0.03 0.001 27 0 190720 146.60 147.60 1.00 0.01 0.001 5 o EndofSZ

147.60 171.00 (3) INTERMEDIATE METAVOLCANIC ROCK (UNDIFFERENTIATED) AL TS 190721 150.60 151.30 0.70 0.11 0.003 105 o lem cx-cut qz-carb sir intermediate MetaVOlcanic Flows. above (130.6-134.6m) but more 190722 151.30 152.10 0.80 0.01 0.001 5 0 serpentinized ... softer rock. It is still moderatly schistose at 40· ca., and 190723 152.10 152.60 0.50 0.15 0.004 147 o 15cm strong shear+ Tm, 1.5cm sir po-py-cpy contains 5-10% micro feldspar phenocrysts as this same unit above. A few

190724 152.60 153.40 0.80 0.13 0.004 126 0 small minerailzed intervals are seen down the hole but • very small and scattered intervals. A few Intermittent cross cutting quartz veins more or less 190725 154.70 ISS.30 0.60 0.02 0.001 18 o Check, 4xlem qz sir 1 em are also visible but generally not mineralized. Some weak perv.ive 190726 163.50 164.20 0.70 0.11 0.003 110 o 3% py-po-cpy in schist carbonatation Is typical in the groundmass. The whole unit is medium grey wtth 190727 164.20 165.00 0.80 0.08 0.002 n o 0.5% py-cpy a slight tint of green.

190728 165.00 165.60 0.60 0.19 0.006 192 o trpy-cpy Upper contad at 45" ca.

163.50 .. 188.00 (3) INTERMEDIA TE METAVOLCANIC ROCK (UNDIFF 190729 165.60 166.40 0.80 0.26 0.008 258 o 0.5% py-cpy In mm's qz-carb vnits 190730 166.40 166.41 0.D1 0.93 0.027 933 o Standard 1, 1.206gpt

Possible SHEAR ZONE. intermediate mata volcanics. Stongly schistose at

06-Dec-06 10:14:22 AM Page 3 of4

From (m)

To (m) Rock Oesctiption

45' ca., slightly slcildied, moderately serlclted but fairly lalcose and chlorltlc. Dark grey.green. Weak pervasive carbonata1lon. Locally

06-Dec-06 10:14:22 AM



To Length S"",ple

FfOIJI

(m) (m) (m) Au (gpt) Au (Ozlt) Au (ppb) V.G. Commenta

190731 166.41 167.00 0.59 1.98 0.056 1981 05%wlspy+slrpy-po-cpy,qzfrag. 190732 167.00 167.70 0.70 1.06 0.031 1055 0 Irpy-q,y

Page4of4

Drilling easing

AzImuth: 180 Length: 1.70 meters Dip: -50 Pulled: No Length: 183.00 meters Capped: Yea Started: 17-0cHl6 CemenllJd: No Complefed: 19-0ct-06 Core Logged: 27-Oct-06 Wedged: No DlmenaJon: NQ Wedged from: OrigInal Units: M

Stontge: Thunder Bay Shop

Down dip extension of gold bearing T6-T7 Zone

T6-T7 sheared zone was Intersected betwMn 150-183 meters downhole

Qeyf.1Ion Tem

Dlat6nce Azimuth DIp Typ. (m)

0.000 180.00 -50.00 C 40.000 181.00 -48.00 A

102.000 182.00 -48.00 A 141.000 183.00 -45.00 A 183.000 184.00 -43.50 A



Township:

Claim No: NTS:

CONANT

3013486 52JI09

Sutfece Hole : Yes

Coordiolft. Gemcom Eat: NOI1h: EIevlItIon:

Location

Staked

Level:

CoordlPllt - IJTM

Eat: 671909 NOI1h: 5582534 Elwellon: 428

CoordIlIffI: Grid

Eat: NOI1h: EIev!tIon:

IJTM Zon.: NAD83 ZONE 1 Grid Nem.:


Other

ContRctor: Spotl!dby:

CHIBOUGAMAU DRILLIN Mftch Dumoulin

CoonIType: PROP Surwyed by: Mitch Dumoulin

SUrwyed O!te: 24-Oct-06

Logged by: Mitch Dumoulin

~by: w.rw Source: Handy Lake

WIlfWHn.: Left 10 hole: CaSing Control Drllllng: Drill Rate

Culling _pled: No Geophplc.:

Page 1 of 1

AVALON VENTURES LIMITED Hole Number: SL06-03 ProJect: US-5AVANT LAKE


To To Lf/IIgth From (m) (m) Rock Description Sample

From

(m) (m) (m) Au (gpt) Au (07A) Au (ppb) V.G. Commenta

0.00 1.70 (CASINGICASING

Boulders close 10 bedrock

1.70 88.20 (481 MASSIVE FELSIC FLOW PFW

Felsic Metawk:ank: Flowi. Ught beige with a slight tint of glMll, massive to weakly schllltose 40-50 deg. ca., with a very siliceous groundmasl, whick III also weakly to moderately serlcitized. It III weakly porphyritic with 5-15% tiny 1-2mm grey quartz eyes more or less elongated along the weak schlstosly. Groundmass also contains black minerals such as planar biotite and ROSS of magnetite giving a local very weak magnetillm. Local minerallllalion can occur as pyritic stringers or short Irnsgular quartz flooding •. ~ 70.0 and 73.1 meters, a 2.80 meters quartz "Floodings" vein occurs as In-filling material In a very serlcltlzed environment. However, no significant mineralization occurs throughout.

1U.70·55.80 (tst1 BIOTITE-QUARTZ SCHIST SCH Quartz rich Biotite schist, strongly schistose at 40 deg ca, upper and lower contacts also at 40 deg ca, black groundmass with strong pervasive calcHe and 5% quartz stringers oddly dllltributed along schistosity. This unK is mineralilzed at both the contacts with 1 % py stringers. It looks like replacament material of dyke.

08-Dec-06 10:23:05 AM

190542

190543

190544

190545

190546

190547

190546

190549

190550

190551

190552

190553

190554

190555

190556

190557

190556

190559

190560

190561

190562

190563

190564

190565

190566

190567

190568

190569

190570

190571

190572

18.60 19.20 0.60

19.20 20.00 0.60

20.00 20.01 0.01

20.01 20.80 0.79

20.80 21.80 1.00

21.80 22.80 1.00

22.80 23.80 1.00

23.80 24.80 1.00

24.80 25.80 1.00

25.80 28.80 1.00

28.80 27.80 0.80

27.60 28.40 0.80

52.00 52.80 0.80

52.80 52.81 0.01

52.81 53.40 0.59

53.40 54.10 0.70

54.10 54.70 0.60

54.70 55.20 0.50

55.20 55.80 0.60

55.80 56.50 0.70

56.50 57.20 0.70

57.20 56.00 0.80

56.00 59.00 1.00

59.00 60.00 1.00

80.00 60.01 0.01

80.01 60.80 0.79

60.80 61.60 0.80

61.80 62.40 0.80

62.40 63.40 1.00

63.40 64.40 1.00

64.40 65.40 1.00

0.13 0.004 125 o 10an qz floods, tr py

0.01 0.001 5 0 1.35 0.039 1345 o Standard 2,1.431 gpt

0.01 0.001 9 o 1% str+dlssem. Py

0.14 0.004 139 0 0.15 0.004 147 0 0.11 0.003 109 0 0.11 0.003 108 0 0.01 0.001 8 0 0.26 0.008 260 0 0.19 0.008 191 o 0.5slrpy

0.03 0.001 33 0 0.01 0.001 8 0 0.01 0.001 5 o Blank

0.01 0.001 6 o 1ern qz vein st 53.1m

0.01 0.001 5 0 0.04 0.001 37 0 0.03 0.001 28 o 1% py, bioi schist, Scm qz vein

0.06 0.002 62 o 1% py, biotschlllt, 5% qz sir.

0.08 0.002 81 o .5% py, slllck:

0.11 0.003 105 D 0.03 0.001 33 D 0.01 0.001 13 D 0.01 0.001 12 D 1.10 0.032 1101 D Standard 1, 1.206 gpt

0.10 0.003 99 D 5% py sir along schist

0.03 0.001 25 D 4% py sir along schist

0.01 0.001 7 D 0.01 0.001 5 D 0.01 0.001 5 D 0.01 0.001 14 D

Page 1 of4



From To From To Lenglh

(m) (m) Rock DescrIption s.mp/e (m) (m) (m) Au (gpt) Au (Oz/t) Au (ppb) V. G. Comments

190573 65.40 66.40 1.00 0.01 0.001 5 0 190574 66.40 67.20 0.80 0.01 0.001 5 0 190575 67.20 67.90 0.70 0.01 0.001 5 o 40cm qz-tm vein, 50· ca

190576 67.90 68.80 0.70 0.01 0.001 5 0 1905n 68.60 68.61 0.01 0.01 0.001 5 o Blank

190578 68.61 69.00 0.39 0.02 0.001 18 o 1% - 4mm py str in .chlst

190579 69.00 70.00 1.00 0.01 0.001 6 o ...... sU.trong

190580 70.00 70.60 0.60 0.01 0.001 5 o 85% qz flooding.

190581 70.60 71.50 0.70 0.01 0.001 11 o 70% qz flooding. with stripes of epidote

190582 71.50 72.20 0.70 0.01 0.001 5 o 90% qz flooding., tr py

190583 72.20 73.00 0.60 0.01 0.001 5 o 90% qz flooding., tr py

190584 73.00 73.80 0.80 0.01 0.001 7 o 1% strpy

190585 73.60 74.60 1.00 0.01 0.001 5 o welserlcitlzed

190586 74.60 75.80 1.00 0.01 0.001 5 o serIcItIzed

190587 75.60 76.60 1.00 0.01 0.001 5 o serIcItIzed

190588 76.80 76.81 0.01 1.35 0.039 1353 o Standard2

190589 76.81 n.60 0.99 0.01 0.001 5 o 2 x 112cm qz veins

190590 n.80 78.80 1.00 0.01 0.001 5 o serlcltlzed

190591 78.60 79.80 1.00 0.01 0.001 5 0 190592 79.60 60.60 1.00 0.01 0.001 7 o lern qz vein at 79.85

190593 80.60 81.80 1.00 0.01 0.001 5 0 190594 81.60 82.60 1.00 0.01 0.001 5 0 190595 82.60 83.50 0.70 0.01 0.001 5 0 190596 83.50 8420 0.70 0.01 0.001 5 o 80% qz flooding., tr py

190597 84.20 85.00 0.80 0.01 0.001 5 o serlcitlzed

86.20 122.95 (48) FELSIC LAPlLLI TUFF SCH 190598 96.60 97.50 0.70 0.02 0.001 17 0

Meta Felsic Lepllli Tuff. light to medium grey volcano-sediment (coarse 190599 97.50 97.51 0.01 0.01 0.001 5 o Blank

fragmental unk????), light grey and very felsic groundmallll (rhyolitic) which 190600 97.51 98.10 0.59 0.01 0.001 14 o 2 X Bern qz flooding., 1 % py-po

contains !>-20% normally elongated IapHii 1-IOmm up to 3cm for the dark ones 190601 98.10 99.10 1.00 0.01 0.001 5 0

(fragments of quartz, carbonate-epidote and dark cholrltlc material) In a

moderately sericltlzed groundmBIIII.. Local quertz fIoodlngs and stringers of 190602 99.10 99.90 0.80 0.04 0.001 43 o 20cm qz~oIe fIoodingS, .5% dis •. Py

pyrite ara also contained in the rock. Epidote tends to occur in the qz lIoodings. 190603 99.90 100.90 1.00 0.01 0.001 9 0 Some obvious angular fragments ara observables around 122m. 190604 100.90 101.60 0.70 0.01 0.001 11 o 15cm qz-epidole flooding., tr py

Upper Contact at 60· ca. 190605 101.60 102.60 1.00 0.01 0.001 9 0 190606 102.60 103.60 1.00 0.01 0.001 5 o lern cx-cut str at 103.4

190607 103.60 104.20 0.60 0.01 0.001 10 o 1 % py, disrupted str

06-Dec-05 10:23:05 AM

Page2of4

AVALON VENTURES LIMITED Hole Number: SL06-03 Project: U6-SAVANT LAKE


From To From To L""gIh (m) (m) Rock Description s.",pM (m) (m) (m) Au (gpt) Au (OrA) Au (ppb) V.G. Commenm

190608 104.20 105.10 0.90 0.01 0.001 6 o Irpy 190609 105.10 106.10 1.00 0.01 0.001 12 o Irdlsl. Py 190610 106.10 106.11 0.01 1.04 0.030 1042 o SlandaR! 1. 1.206 gpt 190611 106.11 106.70 0.59 0.02 0.001 16 o 0.5% cubic py 190612 106.70 107.60 0.90 0.13 0.004 127 o 0.5% dill. Py 190613 117.00 117.80 0.80 0.01 0.001 10 o 1 % blebs py-po 190614 117.80 118.60 0.80 0.04 0.001 35 o 1% dill.-slr py 190615 118.60 119.40 0.80 0.04 0.001 36 o 0.5% dill. Py 190616 119.40 120.20 0.80 0.03 0.001 26 o Irpy

122.95 152.20 (3b) FELDSPAR-PHYRIC INTERMEDIATE FLOW 190617 122.95 123.70 0.75 0.03 0.001 32 o Scm qz-.pldote ftlod. 0.5% py Intermediate feldspar porphyritic meta volcanics. Weakly to locally moderately 190618 123.70 124.70 1.00 0.01 0.001 7 o 1.Scm qz Ilr. tr py schlslole In\ennedlale ftows. porphyrI\lc textUAl with 5-25% feldspar 190619 124.70 125.40 0.70 0.27 0.008 273 o 1Scm qz ftood. 1 % py phenoCIysts from - 1 mm wheAl schlstOlity mOAl intense up to 5mm wheAl

190620 125.40 126.20 0.80 0.07 0.002 72 o 3Xlanqzslr mOAl m ... lve. In the intervals wheAl the phenocrys .. aAl coarse. It looks almOit like a gabbro in a groundma .. that Is very wetl lIulSurltlzed as well as 190621 126.20 127.00 0.80 0.09 0.003 92 o 10% qz ftood •• 1% py.qyy sertcltlzed and at some point even chlorltized. This groundm ... Is also weakly 190622 127.00 127.70 0.70 0.21 0.006 213 o 5% qz ftoods. tr py silicified. Some mineralization Is _n scatteAldIy throughout the unit as 190623 127.70 128.70 1.00 020 0.006 203 o 2% an;s qz sir. 0.5% py dlsleminated. IIIringIIrs or blebs of pyrite mainly with minor pyrrhotite and

190624 128.70 129.50 0.80 0.02 0.001 18 o 20% qz ftoods. 1% py-po.qyy chalcopyrite. Thera Is also a quartz ftooding zone at the beginning of the unit. Upper contact at 35' ca. 190625 129.50 129.51 0.01 0.01 0.001 7 o Blank

122.95 - 131.20 (AZlQV) ALTERAOON ZONE/QUARTZ VEIN 190626 129.51 130.50 0.99 0.03 0.001 30 0 Quartz ftooding zone in In\ennedlale porphyritic: meta volcanics. with 20% 190627 130.50 131.10 0.60 0.02 0.001 21 o 10% qz ftood •• Ir py

ftoodings 1-1 Scm irregularly distributed. and traces up to 1% py-po 190628 137.10 137.70 0.60 0.01 0.001 12 o Scm qz str. tr py particularly around the ftoodings. 190629 137.70 138.60 0.90 0.01 0.001 12 0

190630 138.60 139.10 0.50 0.01 0.001 10 o San qz str. tr py 190631 141.20 142.10 0.90 0.02 0.001 18 o Check. 2% py-po sir 190632 145.60 146.20 0.60 0.02 0.001 24 o Check. 1% py-cpy 190633 146.70 149.30 0.60 0.01 0.001 11 o Ckeck. 2% blebby py

152.20 183.00 (3b) FELDSPAR-PHYRIC INTERMEDIATE FLOW SHAZ 190501 152.40 153.40 1.00 0.01 0.001 7 o Irpy SHEAR ZONE. Intermediate feldspar porphyritic meta volcanics (TS-T7 zone). 190502 153.40 154.20 0.80 0.01 0.001 5 o trpy Strongly sheared ftows at 40-50 degrwes COAl axis. medium grey with darker 190503 154.20 155.00 0.80 0.03 0.001 33 o 1% PY. blot intervals rich in biotite. with a felsic to intermediate groundmass quite aphanitic

190504 155.00 156.00 1.00 0.20 0.006 203 o Irpy. bioi and rather glassy and saussurltlzed as well as serpentinized at some points both side of the mOlt mineralized intervals. Grayish coloration in general. . 190505 156.00 157.00 1.00 0.01 0.001 10 o 1 % PY. blot. ser Depending of the shearing. 5-6% of quartz and feldspar phenocrysts ara mOAl or 190506 157.00 156.00 1.00 0.05 0.001 51 o 1-2% PY. ser less identifyable in the groundm .... some of the quartz phenocrysts being blue 190507 156.00 159.00 1.00 0.05 0.001 45 o 2% stringers py eyes of quartz. The mineralized envelope Is more concentrated in the interval

190508 159.00 160.00 1.00 0.66 0.019 663 o 1% PY. str+dissem. 160.0 to 172.0 meters with roughly 1% pyrite up to nearly 10% in the interval

06-Dec-06 10:23:05 AM Page 3 of 4



From To From To Length (m) (m) Rock Description s.",pl. (m) (m) (m) Au (gpt) Au (Ozlt) Au (ppb) V.G. Comments

167.0 to 170.0 where 2-3% quartz IIoodlngs occur. Outside those intelVals. the 190509 160.00 161.00 1.00 0.01 0.001 8 o 1 % py. bIebs+s1r pyrite Is obviously euhedral. A few isolated blebs of chalcopyrite have also been 190510 161.00 162.00 1.00 0.01 0.001 5 o Ir PY. cubic observed.

190511 162.00 162.01 0.01 0.01 0.001 5 o Blank Upper contact at 48° ca. [email protected] 190512 162.01 162.60 0.79 0.01 0.001 6 o 0.5% PY. cubic

190513 162.60 163.60 0.60 0.01 0.001 13 o 2% PY. str+diasem cubes 190514 163.60 164.40 0.60 0.06 0.002 59 o 2-3% euhedral py along shearing 190515 164.40 165.20 0.60 0.01 0.001 10 o 0.5% py along shearing 190516 165.20 166.00 0.60 0.02 0.001 21 o 1 % py along shearing 190517 166.00 166.60 0.60 0.03 0.001 33 o 1% cublcdiasem. Py 190518 166.60 167.20 0.60 0.06 0.002 61 o 2-3% irlegul. Sir of py 190519 167.20 167.80 0.60 0.64 0.019 641 o 5% py with highly qz+ser 190520 167.60 166.40 0.60 0.83 0.024 833 o 10% py + highly silicified 190521 166.40 169.00 0.60 0.46 0.014 464 o 10% py + highly sUic + 3% qz floods 190522 169.00 169.01 0.01 1.10 0.032 1103 o Stendard 1. 1.206 gpt 190523 169.01 169.60 0.59 0.36 0.010 357 o 10% py along shear. 3% qz floods 190524 169.60 170.20 0.60 0.33 0.010 332 o 4-5% py along shear 190525 170.20 170.80 0.60 0.17 0.005 171 o 4% py + lil&ser 190526 170.60 171.40 0.60 0.01 0.001 8 o 1 % PY. 20% black phenocrysts 190527 171.40 172.00 0.60 0.02 0.001 17 o 0.5% PY. cubic 190528 172.00 172.60 0.60 0.01 0.001 12 o Ir PY. blebby 190529 172.60 173.20 0.60 0.01 0.001 6 o Ir PY. light serpentinization 190530 173.20 173.80 0.60 0.01 0.001 5 o 0.5% py. oblique stringers 190531 173.80 174.40 0.60 0.01 0.001 8 o 2% sir py with envelope of po

190532 174.40 175.00 0.60 0.01 0.001 5 o Ir PY. serpent. 190533 175.00 175.01 0.01 0.01 0.001 5 o Blank 190534 175.01 176.00 0.99 0.01 0.001 5 o Ir PY. serpent. 190535 176.00 In.OO 1.00 0.03 0.001 25 o 1% blebby PY. serpent 190536 In.OO 178.00 1.00 0.01 0.001 5 o 0.5% py. silic+serpen\. 190537 178.00 179.00 1.00 0.01 0.001 6 o Serpent. 190538 179.00 160.00 1.00 0.23 0.007 232 o Irpy 190539 160.00 181.00 1.00 0.01 0.001 5 o trpy 190540 181.00 182.00 1.00 0.01 0.001 5 0 190541 182.00 183.00 1.00 0.01 0.001 5 0 Ir cubic py

08-0ec-06 10:23:05 AM Page 4 of4

Drl!'i!'f! casing

Azimuth: 180 Length: 1.70 meters Dip: -SO Pulled: No Length: 183.00 meters Capped: Ves StMIIId: l7-Oct.oo Cemfltlted: No Completed: 19-Oct.oo

COte Logged: 27-Oct.oo Wedged: No DlmfltlSlon: NO Wedged from: Original Unlta: M

StonJge: Thunder Bay Shop

TIIIgef: Down dip extension of gold bearing T6-T7 Zone

CommfltllS: T6-T7 sheared zone was intersected '*-n 150-183 meters downhole

Devtatton Tem

Distance Azimuth Dip Type (m)

0.000 180.00 -SO.OO C 40.000 181.00 -48.00 A

102.000 182.00 -48.00 A 141.000 183.00 -45.00 A 183.000 184.00 -43.SO A



Townahlp:

ClaIm No: NTS:

CONANT

3013466 52J109

SurlaceHo/e: Ves

CoordlrudJ: Gemcom East: Norlh: ElevatIon:

LocaUon

Staked

L • .,.,:

CoordI"'" - UTII Eat: 671909 North: 5582534 Elwatton: 428

CogrdI!IfI!. GrId

Eat: Not1h: EIwatton:

UTII Zone: NAD83 ZONE 1 Grid Hem.:


Other

ConlnlCtor: CHIBOUGAMAU DRILLIN Spotllld by: Mitch Dumoulin Coord Type: PROP Surveyed by: Mitch Dumoulin Surveyed Date: 24-Oct.oo Lofl(J8d by: Mitch Dumoulin Re-Iogged by: Watel'Soun:e: Handy Lake Watel'lIne: LeI'lln hole: Casing Connl DrIlling: Drill Rate

Culling _pled: No Geophysics:

Page 10/1

Drilling casing

Azimuth: 180 LengIIJ: 10.20 meters Dip: -57 Pulled: No LengIIJ: 171.00 meters Capped: Yes Stal1fld: 20-0ct-06 Cemented: No Completed: 21-Oct-06 Logged: 07 -Nov-06

COte

Wedged: No Dim_ion: NO Wedged from: Original Units: M

Storage: Thunder Bay Shop



Townahlp:

eM/mNo: NTS:

CONANT

3013467

52JI09 Surface Hole : Yes

Coontt"",. Gtmcom EMf: Nonh: EWtIatIon:

Location

Staked

Laval:

CoontIntII - UTM &.t. 672095 NOI1h: 5582691

CoordInft Grld

EMf: NOI1h:

s.v.tlon: 419 ElevatIon: URI Zona: NA083 ZONE 1 Grid N_a:

T8ITIfIl: Test the entire width of the Northem Gold Bearing Corridor at a vertical depth of 120m.

Comments: Flat area but In glacial boulder field for 9 maters of overburden

DevIatIon Tests

Dlstanca AzImuth Dip Typa (m)

0.000 180.00 -57.00 C 60.000 181.00 -55.00 A

120.000 182.00 -52.00 A 171.000 183.00 -50.00 A


Other

CollfnlCW: CHIBOUGAMAU DRILLIN

Spotted by: Mftch Dumoulin Coom Type: GPS Surveyed by: Mftch Dumoulin Surveyed ".,.: 22-Oct-06 Logged by: Mftch Dumoulin Ra-Iogf18d by: W.,.,. SOUtcfl: 450 meters from Handy La WalwYna: Latr In hole: Casing + Shoe 8ft

Control DrlUlIlf1: Drill Rate Cullltlfl_plad: No Geophysics:

06-Dac-06 Page 1 of 1


Geological Description with Assays

To LengIIJ

Hole Number: SL06-04 Project :U8-SAVANT LAKE Project Number:

Ftom (m) (m) Rock Description Sample

Ftom

(m)

To

(m) (m) Au (gpt) Au (Ovt) Au (ppb) V.G. Comments


10.20

Boulders

11.50 (4v) FELDSPAR-PHYRIC FELSIC FLOWS PF

Very strongly serk:ltlzed Feldspar1lhyrlc Felsic FIOWI. Massive, wIIlte - light green, very strong serlcitized and aphanitic groundmass that Is also moderately &iliclc, with 25% 1-5mm wllilllh feldspar and ~5'11. grey rounded quartz phenocrysta. Non magnetic hard rock with traces of disseminated cubic pyrite.

11.50 32.45 (3) INTERMEDIATE METAVOLCANIC ROCK (UNDIFFERENTIATED) SCH

Intermediate meta volcanic flows. Moderately schistose at 45' ca intermediate flows, aphanitic groundmass, weakly silicified and moderately serlcitized also rich in biotHe gMng a blackish colorartion wilen wet and enhancing schl&toslty. It contllns a few scattered and erratic centimetrlc velnlets or stringers of quartz and quartz-c&rbonate. When dry, the rock is medium grey with a slight tint of green. It also contains locally traces of disseminated or blebby crystals of pyrite mostly cubic, more particularly In the biotite rich spots. Upper contact ail broken up.

32.45 3&.40 (4v) FELDSPAR-PHYRIC FELSIC FLOWS PF

Strongly seric:lllzed Feldspar1lhyrlc Felsic Flows as above. Massive, wIIlte -light green, very strong seric:lllzed and aphanitic groundmass. Hard rock, moderately silicic, with 20% 1-5mm wllilllh feldspar and 2-3% ~m rounder grey eyes of quartz phenocryst in greenish groundmass. Traces of disseminated pyrite Is common throughout, including erratic em's quartz stringers. Upper contact at 45' ca.

3&.40 44.70 (3) INTERMEDIATE METAVOLCANIC ROCK (UNDIFFERENTIATED) SCH

Intermediate meta volcanic flows as above. Medium grey and moderately schistose at 45' ca intermediate flows, aphanitic groundmass, _kly silicified and moderately serlcitized also rich in biotite for a blackish look wilen wet. It contains a certain degree of carbonatatlon associated with the pianes of schistosity as weil as 1-2% tiny and Irregular stringers of catcHe along core. It also contains frequent spots with disseminated or bIebby crystals of pyrite but not In significant amount in general. Upper contact at 45' ca.

06-~ 10:37:59 AM

190898 10.50 11.10

190899 14.60 15.60 190900 29.50 30.10 190901 30.10 30.70 190902 30.70 31.50 190903 31.50 32.45

190904 32.45 33.00 190905 33.00 33.90 190906 33.90 34.50 190907 34.50 35.00 190908 35.00 35.70 190909 35.70 36.40

190910 36.40 36.41 190911 36.41 37.20

0.60 0.01 0.001 5 0 15emqzslr(30'ca),trpy

0.60 0.01 0.001 5 o 1 112+112em qz str, 0.5% diss py 0.60 0.01 0.001 5 o 1+2em qz sir, Ir py 0.60 0.01 0.001 5 o 1+2em qz ¥n, tr py 0.60 0.01 0.001 5 0 0.95 0.02 0.001 19 o tr coarse cubic py

0.55 0.03 0.001 28 o 1Dem upper chilled Tm margin + 1em qz str, Ir py 0.90 0.02 0.001 15 0 0.60 0.01 0.001 5 o 2em qz str (35' cal, tr py 0.50 0.01 0.001 6 o 30m qz str (25' cal, tr py 0.70 0.01 0.001 14 0 0.70 0.15 0.004 148 o 30m qz str (30' ca)+1Dem bioi lower margin, tr py

0.01 0.96 0.028 957 o Standard 1, 1206 gpt 0.79 0.08 0.002 81 038

Page 1 of 5



From To From To Lf/t/gIh (m) (m) Rock Description Sample (m) (m) (m) Au (gpt) Au (Ollt) Au (ppb) V.G. Commanta

44.70 81.45 (3b) FELDSPAR.pHYRIC INTERMEDIATE FLOW PF

Poprhyrltlc meta Intermediate volcanics (Feldspar porphyry). Medium grey 1181111-massive to weakly schistose (45' cal, Intermediate and aphanitic groundmass with 10-15% 1-4mm blurry feldspar phenocrysts with 1% ofthese up to 8mm and whitish, and 1-2% 3-4mm rounded blue eyes of quartz phenocrysts. Not magnetic but with a weak to moderate pervasive carbonatallon and 2-3% erratic-Imsgular carbonate or quartz-carbonate stringers along core CIOSlH:uttlng schistosHy. Some fine grained dlsll8l11inated pyrite can be seen but nothing significant. Upper contact at 40' ca.

61.45 146.60 (3) INTERMEDIATE METAVOLCANIC ROCK (UNDIFFERENTIATED) SCH 190912 63.90 64.60 0.70 0.01 0.001 7 D 2xl em qz-carb sir Intennediate meta Volcanic Flows. Medium grey, moderately schistose at 45' 190913 64.60 65.50 0.90 0.04 0.001 39 Dlrstrpy ca., moderately siltcllled and sericitIzed aphanitic groundmasl, with visible or not 190914 65.50 86.10 0.60 0.01 0.001 6 D lem qz-carb vn micro <1 mm phenocrysts of feldspar and quartz, with a moderate pervasive

190915 86.10 67.00 0.90 0.01 0.001 10 Diem cherty sir carbonatatlon as well as bIotiIizatlon of the groundmass that darkens the rock. A few erratic and Imsgular stringers of calcite are nonnal and it Is not magnetic. 190916 67.00 86.00 1.00 0.01 0.001 9 D this unit cornprlsellocal zones of quartz velnlng..floocJing rich with the best 190917 68.00 86.60 0.60 0.01 0.001 12 D 1+2em qz sir, Ir py mineralization occuring In those zones with traces up to 3% pyrite sometimes as 190918 68.60 89.80 1.00 0.01 0.001 8 D 4 x 0.2em qz sir disseminated or stringers of sulphides. Traces of chalcopyrite up to 1 %

190919 69.60 70.30 0.70 0.01 0.001 14 D 4 x 112em qz vn, tr py associated with the pyrite can be seen on the best mineralized spolll and even a 2mm crystal of Molybdenum at 86 meters In the hole. Elsewhere, only traces 190920 70.30 70.90 0.60 0.02 0.001 15 D 5 x 112em qz vn, Ir py of disseminated pyrite tend to occur although some 1-3% sulphides can be seen 190921 70.90 71.50 0.60 0.07 0.002 86 D 10% qz veining, 3% diss py along schist. on a few local fractured planes, and also essoclated with biotlllc spots.

190922 71.50 72.10 0.60 0.03 0.001 26 D 20% qz veining, 2% diss py along schist. Upper contact at 50' ca. 190923 72.10 73.00 0.90 0.05 0.001 45 D trpy

88.00- 72.10 (QVSl7J QUARTZ STRINGER ZONE QVZ 190924 73.00 74.00 1.00 0.01 0.001 14 D tr spotty fine gr. Py Quartz stringer·veI~fIoodlngs Zone, with 8% quartz mostly along schlstosHy 190925 74.00 74.01 0.01 0.02 0.001 21 D Blank at 45t8 ca., with some boudinage and a bit of ClOSS cutting structure. The

190926 74.01 75.00 0.99 0.01 0.001 12 D lem cx-cut qz str, tr py zone contains 1-2% pyrite as disseminated or disrupted stringers along schlstosHy but is not more silicified that the host rock around. 190927 75.00 75.80 0.60 0.01 0.001 14 D tr coarse gr py

190928 82.00 83.00 1.00 0.01 0.001 13 D trstrpy 190929 83.00 83.80 0.60 0.42 0.012 424 D lem pyvn

85.80- 102.00 (QVSl7J QUARTZ STRINGER ZONE QVZ 190930 83.60 64.50 0.90 0.18 0.005 178 D trpy

Quartz stringer·vel~fIoodlngs Zone, with 6% quartz mostly along schistosHy 190931 64.50 85.00 0.50 0.02 0.001 20 D 1% diss sir py at 45°ca., with some bOudinage and a bit of cross cutting structure (same as

190932 85.00 65.60 0.60 0.01 0.001 14 D trdiss py abOve). The zone contains 1-3% pyrite as disseminated Dr disrupted stringers along schistosHy but Is not more silicified that the host rock 190933 85.60 86.20 0.60 0.01 0.001 9 D 15% qz floods, tr py around. A good looking crystal of molybdenum occur at 86m. Some 190934 86.20 87.00 0.80 0.01 0.001 7 D 5% veining, tr py Interesting pyrite stringers with minor chalcopyrite occur between 96 and

190935 87.00 87.70 0.70 0.01 0.001 8 Diem qz-carb str 98m as well as a tounnaline vein between 97 and 97.5m. 190936 87.70 88.60 0.90 0.01 0.001 6 D

()6.Dec-06 10:37:59 AM Page2of5



From To From To Length

(m) (m) Rock Desc:ription SIImpl. (m) (m) (m) Au (gpt) Au (Ozll) Au (PPb) v. G. Comments

190937 88.60 89.60 1.00 0.01 0.001 10 o trdlss py

190938 89.60 90.60 1.00 0.01 0.001 9 0 190939 90.60 91.60 1.00 0.01 0.001 10 0 190940 91.60 91.61 0.01 1.32 0.038 1316 o Standard 2, 1.431 gpt

190941 91.61 92.30 0.69 0.01 0.001 10 o 5% qz veining, tr py

190942 92.30 93.00 0.70 0.01 0.001 10 o 5% qz-epidote veining

190943 93.00 93.70 0.70 0.29 0.008 289 o 5% ex-cut qz str, tr py

190944 93.70 94.40 0.70 0.04 0.001 44 o 15% ex-cut qz str, 0.5% py

190945 94.40 95.00 0.60 0.15 0.004 148 o 3% qz veining, 0.5% air py

190946 95.00 95.50 0.50 0.06 0.002 58 o 3% qz-epldote floods, tr py

190947 95.50 96.00 0.50 0.31 0.009 311 o 3cm qz-carb-py vn

190948 96.00 96.50 0.50 0.35 0.010 345 o 2% qz-c:arb floods, 1 % py blebs

190949 96.50 97.00 0.50 0.36 0.010 359 o 1cmmaaspyvn

190950 97.00 97.50 0.50 0.93 0.027 926 o ailie., 3-4% py str

190951 97.50 98.00 0.50 0.01 0.001 10 o M8k bleached, tr py

190952 98.00 98.70 0.70 0.21 0.006 210 o 40cm Tm + 10cm qz vns, Smm+2mm py vns at margins

190953 98.70 99.40 0.70 0.01 0.001 6 0 5% qz veining, tr py

190954 99.40 100.10 0.70 0.01 0.001 13 o 20% qz-c:arb veining, 0.5% py

190955 100.10 100.11 0.01 0.01 0.001 5 o Blank

190956 100.11 100.80 0.69 0.01 0.001 6 o 2 x 112cm qz str

190957 100.80 101.50 0.70 0.01 0.001 8 0 Irpy In blot

190958 101.50 102.00 0.50 0.01 0.001 7 0 1cm ex-cut qz str

190959 102.00 102.50 0.50 0.01 0.001 7 0 190960 102.50 103.00 0.50 0.01 0.001 7 o trdlss py

190961 103.00 104.00 1.00 0.16 0.005 157 o trdlsspy

190962 104.00 105.00 1.00 0.01 0.001 7 o trstrpy

190963 105.00 106.00 1.00 0.43 0.013 429 0 190964 106.00 107.00 1.00 0.02 0.001 16 0 190965 107.00 106.00 1.00 0.01 0.001 6 o trdlsa py

190966 108.00 108.60 0.60 0.01 0.001 5 0 190967 108.60 109.20 0.60 0.67 0.019 665 o 25% qz-c:arb veining, 3% blebby py

190968 109.20 110.00 0.80 0.05 0.001 51 o strong ser.

190969 110.00 111.00 1.00 0.01 0.001 11 0 190970 111.00 111.01 0.01 0.95 0.028 949 o Standard 1, 1.206 gpt

190971 111.01 112.00 0.99 0.01 0.001 7 0 trdiaspy

06-Dec-06 10:37:59 AM

Page3of5



From To From To Length (m) (m) Rock Description Sample (m) (m) (m) Au (gpt) Au (OzA) Au (ppb) V.G. Comments

190972 112.00 112.80 0.80 0.01 0.001 6 o 0.5% diu py along schist 190973 112.80 113.60 0.80 0.01 0.001 5 0 190974 113.80 114.30 0.70 0.01 0.001 8 o 10cm qz-tm vn, tr py 190975 114.30 114.90 0.60 0.01 0.001 5 o 20cm qz-tm vn, tr py 190976 114.90 115.70 0.80 0.03 0.001 30 o 0.5% line diu py assoc with blot. 190977 115.70 116.30 0.60 0.01 0.001 10 o 2.5cm qz vn, tr py 190978 118.70 119.30 0.60 0.31 0.009 313 o Check, 3mm py vn 190979 122.70 123.30 0.80 1.17 0.034 1174 o Check, 2cm qz-carb-pcH:py vn 190980 129.00 129.50 0.50 0.44 0.013 442 o Check, 1cm py-po vn In 2an qz-carb vn 190961 135.70 136.30 0.60 0.12 0.003 116 o 5% qz-carb veining, Ir py 190962 136.30 137.00 0.70 0.01 0.001 14 o 5% qz-carb veining, Ir py 190963 137.00 137.70 0.70 0.05 0.002 52 o 8% qz-tm ftoods, ser, tr py 190964 137.70 136.50 0.80 0.02 0.001 22 o 1% qz floods 190985 136.50 136.51 0.01 0.01 0.001 7 o Blank 190986 138.51 139.50 0.99 0.06 0.002 61 o 1an qz sir (20' cal running along COl'll 190987 141.90 142.50 0.60 0.02 0.001 23 o Broken 1·2cm qz-tm sir, _, tr py

190986 142.50 143.20 0.70 0.01 0.001 10 o 1anpyvn 190989 143.20 144.00 0.80 0.01 0.001 12 o 3% qz veining + 1cm py str 190990 144.00 145.00 1.00 0.08 0.002 77 0 190991 145.00 145.80 0.80 0.01 0.001 5 0 190992 145.80 146.60 0.80 0.02 0.001 19 o 20cm bioi rich, 0.5% diss py

141.80 182.70 (BXZ) BRECCIA ZONE BXIAL T 190993 146.60 147.40 0.80 0.38 0.011 383 o Br, 2% diu py, bioi rich Breccia Zone. Brecciated rock part ot Felsic to Intermediate package, with 50% 190994 147.40 141.00 0.80 3.76 0.110 3759 o Br, 4% dlss py ot the unit intermittently as the breccia itself mixed with an Intermediate 190995 148.00 141.90 0.90 0.14 0.004 144 o trpy becoming V8IY felsic volcanic flows intervals towards the end ot iI. Volcanic

190996 148.90 149.50 0.60 9.60 0.280 9595 o Br,2%py flows have an aphanitic groundmass that Is modefately sericltlzed and silicified (and increasing), and al'll moderately to strongly schistose at 40' ca. The 190997 149.50 150.10 0.60 3.30 0.096 3296 o Br, 3% dlss py breccia part is very hard and massive, heavy and composed ot a strongly 190998 150.10 150.70 0.60 3.46 0.101 3461 o Br,O.5%py silicified groundmass which is cementing very hard and silicified fragments with 190999 150.70 151.30 0.60 0.51 0.015 505 o Br, tr py, biot rich a general colour light grey-beige-greenish. Groundmass also includes 5% black streaks ot biotite running between the fragments, and a fairly good pervasive 191000 151.30 151.31 0.01 1.30 0.038 1298 o Standard 2, 1.431 gpt carbonatatlon all throughout. Associated with that strong alteration, some traces 193751 151.31 152.10 0.79 0.13 0.004 134 o trdisspy up to 3% pyrite occur, and it is g_rally disseminated or following roughly the 193752 152.10 153.00 0.90 0.62 0.018 617 o trpy biotite pattern with a lot less when along the volcanic flows intervals.

193753 153.00 154.00 1.00 0.53 0.015 528 0 Upper contact at 40' ca. 193754 154.00 155.00 1.00 0.02 0.001 21 0 193755 155.00 156.00 1.00 0.04 0.001 43 0 193756 156.00 156.70 0.70 0.48 0.014 482 o 1%pystr

06-Dec-06 10:37:59 AM Page 4 of 5



From To (m) (m) Rock Description

182.70 171.00 (4) FELSIC METAVOLCANIC ROCK (UNDIFFERENTIATED) SCH

Felsic meta Volcanic Flows. light to medium gnsy-beige fellic flows, aphanitlc groundmass, moderately schlltose at 40-45" ca., groundmass being moderately to stronger sillc:ifled and moderately sericilezed giving a light greenish coloration. Not magnetic and with a weak to moderate pervasive carbonatation that Includes micro-veiniels of calcite. Groundmass II very poorly minerallized in sulphides if even none. Texturally, we can see a very weak and rather bluned POrphyritic texture afthough a few grey-blue eyes of quartz phenocrysts are noticed. Upper contact at 40° ca.

06-Dec-06 10:37:59 AM

Sample

193757 193756 193759

193760 193761 193762 193763 193764

193765 193766

193767 193768

From (m)

156.70 157.30 157.90

156.50 159.10

159.70 160.40 161.10

161.80 181.81

162.70

163.70

To Length

(m) (m)

157.30 0.60

157.90 0.60

156.50 0.60 159.10 0.60 159.70 0.60

160.40 0.70

161.10 0.70 161.60 0.70 161.81 0.01 162.70 0.89

163.70 1.00 164.70 1.00

Hole Number: SL06-04 ProJect: U6-SAVANT LAKE Project Number:

Au (gpt) Au (Ozlt) Au (ppb) V.G. Comments

0.36 0.010 356 o Br, 0.5% dilS rYY 3.09 0.090 3092 o Br, 1 % dilS+wIspy rYY 0.12 0.003 116 o Sr, trrYY 0.12 0.004 123 o Br, 0.5% str-wis.,. rYY 0.47 0.014 468 o Br, 0.5% dilS rYY 0.01 0.001 10 o 0.5% dill rYY 0.26 0.007 255 o 1% dilS rYY 0.09 0.003 93 o trrYY 0.01 0.001 5 o Blank 0.03 0.001 26 o 20cm breccia, 1·2% dlls rYY

0.01 0.001 9 o trrYY 0.05 0.001 46 o End

Page 50t 5

DrI!!!ng cas/fig Azimuth:

Dip:

Length: Statted: Completed:

Logged: Wedged:

Wedged from:

TIITJIfIf:

Comments:

Distance (m)

0.000 60.000

120.000 198.000

06-Dec-06

180 Length: 3.20 meters -50 Pulled: No 198.00 meters Capped: Yea 22-OcH16 Cemented: No 24-Oc1-06

02-Oct-06 COte

No Dimension: NQ Original Units: M SlOrage: Thunder Bay Shop

Teat 2 gold zones In Sector 1 (T6-T7) defined by soil geoc/1emeatry

Collared near open outcrops just south of a swamp.

DeyIatIon Tuts

Azlmlllh Dip Type

180.00 -50.00 C 181.00 -47.50 A 182.00 -43.50 A 183.00 -44.00 A



Township: CONANT

Claim No: 3013466 NTS: 52JI09

Surface Hole: Yea

Cooattllfft. Gemcom East: North:

S-lIon:

Location

Staked

Level:

Coordlllfl! • UTM East: 671629 North: 5582468

Coonti!J!ft. GrId

East: Not1h:

S-lIon: 419 S-lIon: UTM Zone: NAD83 ZONE 1 Grid Name:


Other

Contractor: CHIBOUGAMAU DRILLIN Spoftlld by: MHch Dumoulin Coord Type: GPS

Surwyed by: MHch Dumoulin Surwyed Date: 22-Oct-06

Logged by: Mitch Dumoulin Re-Iogged by: Wafw Source: 500m from Handy Lake

Wafwllne: Left In hole: casing + Shoe BH

Control DrlBlnll: DriH Rate Cutllng II8IfIpled: No Geophyslc.:

Page 1 of 1



From To From To L",g111 (m) (m) Rock Description Sample (m) (m) (m) Au (gpt) Au (Oz,f) Au (ppb) V.G. Comments

0.00 3.20 (CASING) CASING

Flat area between surface outcrops and swamp to the north.

3.20 11.40 (3) INTERMEDIATE METAVOLCANIC ROCK (UNDIFFERENTIATED) SCH 190733 4.20 5.20 1.00 0.06 0.002 60 o 2% din. Py along schist Intermediate meta volcanic flows. Medium grey to dar1cer depending the density 190734 5.20 8.20 1.00 0.09 0.002 85 o 1-2% py diu. of bIoIHizallon In the rock. Moderately schistose at 40° ca .• aphanHIc and fairly 190735 8.20 7.10 0.90 0.11 0.003 109 o 2%pydlu. glassy groundmass dar1cened by bIoIHlc aMeration and a given greenish tint by sericitization or seussumlzatlon of micro felsic minerals of the rock. No magnetism but a weak pervasive carbonatatlon of groundm .... sometimes even by micro stringenl or drops of carbonates along schiatosity. It ailo contains a continuous pymlzallon throughout by dluemlnatlon or diarupted string ... of sulphides for about 1-2% up to locally 5%+ over short Intervals.

11.40 18.50 (4) FELSIC METAVOLCANIC ROCK (UNDIFFERENTIATED) MSV

Felsic mata volcanic flows. Massive \0 very weakly schiatose. light beige-greenish. Groudm ... is very siliceous. serici\lzed and aphenHic. It contains a very weak pervasive carbonatatlon and generally not mineralized (no signifICant pyritization). This rock Is very homogeneous with no special features. Upper contact at 40° ca.

18.50 71.40 (3) INTERMEDIATE METAVOLCANIC ROCK (UNDIFFERENTIATED) SCH 190738 22.00 22.60 0.60 0.80 0.017 800 o 2%dlnslr Intermediate meta volcanic flows (likely a schistose porphyritic flow) identical as 190737 22.80 23.80 1.00 0.14 0.004 137 o 1%dlupy above (3.2-11.4m). Same degree of biolltizallon moderate to locally strong. 190738 23.80 24.30 0.70 0.10 0.003 95 o 1-2% diu py aphanHic groundmass that Is weakly and by intervals moderately silicified as welt

190739 24.30 25.30 1.00 0.04 0.001 42 o 1% diss + blebs py as serlcHlzed for a slight greeniah coloration amongst the medium dar1c grey general coloration. When wet. the core Is even fairly blackish. Locally. some 190740 25.30 28.20 0.90 0.03 0.001 28 o 4% py blebs + mass 112cm + 5% qz floods quartz ftoodlngs occur and like above. this unft ia pyrHIzed all throughout with 1- 190741 28.20 28.90 0.70 0.03 0.001 25 o 1%pydiss. 3% locally up \0 5%+ as diasemlnated or s\ringenl lltong schiatosity (40-45° ca.) 190742 28.90 27.50 0.80 0.07 0.002 88 o 2% py sir + dlas. and sometimes associated with local quartz fIoodings. Weak pervasive

190743 27.50 28.20 0.70 0.04 0.001 44 o 2%dlaspy carbonatatlon and no magnetlam. Locally. when schistosity weakens and the rock becoming more massive. we can observe a more porphyritic texture but 190744 28.20 28.80 0.60 0.15 0.004 147 o 2% py blebs + wisps + Scm cx-cu\ qz vn other than thet the rock is generally more or less schistose and this is too 190745 28.80 28.81 0.01 0.01 0.001 5 o Blank dillicuH to define this type of texture. 190746 28.81 29.80 0.79 0.05 0.002 52 o 2%dlupy Upper contact at 45° ca.

190747 29.80 30.40 0.80 0.06 0.002 84 o 1-2% diu py 33.60 - 35,45 (3b) FELDSPAR-PHYRIC INTERMEOIA TE FLOW PFW 190748 30.40 31.30 0.90 0.31 0.009 308 o 2%diSlpy Porphyritic intennediate volcanics with about 25% 1-Smm ovoid feldspar 190749 31.30 32.20 0.90 0.51 0.015 512 o 0.5% dlas py phenocrysts In a moderately schistose at 45' ca groundmass. This unit only

190750 32.20 32.90 0.70 0.10 0.003 96 o 1cmpystr contains traces of dlueminated or stringers of sulphides (pyrite). and Is carbonated. Medium grey. 190751 32.90 33.80 0.70 0.03 0.001 30 o trpy

08-Dec-06 10:42:40 AM Page 1 of5



From To From To Length (m) (m) Rock Description Sample (m) (m) (m) Au (gpQ Au (0zA) Au (ppb) V.G. Comments

190752 33.60 34.50 0.90 0.01 0.001 10 o Ir py In porph

190753 34.50 35.45 0.95 0.08 0.002 83 o Ir py In porph

190754 35.45 36.40 0.95 0.07 0.002 87 o 1 % py dila+ltr

190755 36.40 37.40 1.00 0.04 0.001 37 o 1-2% .Ir py + 5% qz ftood.

190758 37.40 38.30 0.90 0.02 0.001 18 o 0.5%py

190757 38.30 39.00 0.70 0.01 0.001 8 o Irdila py

190758 39.00 39.80 0.60 0.01 0.001 14 o 4cm+2an qz 'Ir, 2% wispy py 190759 39.60 40.50 0.90 0.01 0.001 7 o Irpy 190760 40.50 40.51 0.01 1.29 0.038 1289 o Standard 2, 1.431 gpt

190781 40.51 41.50 0.99 0.06 0.002 58 o 2%slrpy 190762 41.50 42.40 0.90 0.12 0.003 118 o Jan qz vn, 2% py

190763 42.40 43.20 0.60 0.22 0.006 215 o 3% qz ftoods, 3% blebs py

190764 43.20 44.20 1.00 0.04 0.001 35 o Irpy 190765 44.20 45.20 1.00 0.01 0.001 12 o 2%dilapy 190766 45.20 46.20 1.00 0.08 0.002 77 o 1an qz Itr, 4% .tr+dlss py

190767 46.20 46.80 0.60 0.12 0.004 123 o 4%pyslr

190768 46.60 47.40 0.60 0.12 0.003 118 o 2-3cm qz .Ir-vn, sllic., 20% cubic py

190769 47.40 46.40 1.00 0.01 0.001 5 o 0.5% py dila 190770 46.40 49.40 1.00 0.01 0.001 5 o Ir py, mOfll massive

190771 58.60 57.40 0.60 0.12 0.004 124 o 3x1 an cx-cut qz str, 1 % cubic py

190772 57.40 58.40 1.00 0.01 0.001 7 o 1%cubicpy

190773 58.40 59.00 0.60 0.01 0.001 8 o Irpy 190774 59.00 60.00 1.00 0.01 0.001 5 o trpy 190775 60.00 60.01 0.01 0.01 0.001 8 o Blink 190776 60.01 60.60 0.79 0.01 0.001 5 o 2an qz-trn Irreg .• Ir, tr py

190m 60.80 61.40 0.60 0.01 0.001 10 o 0.2an cx-cut sir, 0.5% py

190778 64.70 65.20 0.50 0.01 0.001 12 o Check, 1cm semi-m .... Py sir

190779 70.10 70.70 0.60 0.01 0.001 5 o trpy 190780 70.70 71.40 0.70 0.01 0.001 13 o 1cm blebby Itr py

71.40 138.95 (3b) FELDSPAR-PHYRIC INTERMEDIATE FLOW PF 190781 71.40 72.40 1.00 0.01 0.001 5 o 5 x 112-2cm epidote sir, tr py Porphyritic Intermediate meta Volcanic Flows. Weakly schislose al 40· ca to 190782 72.40 73.10 0.70 0.01 0.001 5 0 massive, medium to dart< grey, aphanitic groundmass composed of intermediate 190783 73.10 73.70 0.60 0.01 0.001 5 o 2 x 1an epidote str, 1% py flows material but that contains 5-30% whitish 1-7mm feldspar phenocryst that

190764 84.30 85.20 0.90 0.01 0.001 8 o 1% coarse cubic py are really more obvious when rock Is massive. Several Irregular stringers of quartz-epidote or quartz-reading carbonates are scatteredly running along the 190785 65.20 88.00 0.80 0.01 0.001 11 o 112an qz sir along core, tr py core and are generally smaller than 1cm. Frequent and scattered small intervals 190788 88.00 87.00 1.00 0.01 0.001 7 0 siliceous, tr py

06-Dec-06 10:42:40 AM Page 2 of 5



From To (m) (m) Rock DescriptIon

are weakly to moderately schistose (or sheared) and generally contain some weak mineralilzation such as cubic pyrite disseminated along schistosity. Alteration wise, groundmass is weakly chloritlc and serlc:ltlc with a slight degree of silic:ilk:atlon, hence still hard.

136.95 172.40 (3) INTERMEDIATE METAVOLCANIC ROCK (UNDIFFERENTIATED) SCH

Intennediate meta Volcanic: Flowa. Moderately to locally strongly schistose at 45-50· ca Intennediate flows, aphanHic: groundmaaa that is also weakly silic:ified but moderately sericitized and In some intervals even telcose. When highly schistose, we can _ some chlorite-biotHe banding along schistosity. H contelns a few scattered and enatic centlmetric velnlets or llringers of quartzcarbonate or simply calcite. The rock is medium grey with a slight tint of green. It also conteins locally traces of disseminated or blebby ClYStals of pyrite mostly cubic but nothing really continuous. Upper contec:l at 45· ca.

142.75 - 144.80 (3b) FELDSPAR-PHYRIC INTERIIEDIA TE FLOW PF

Interval of porphyritic: Intennediate flows, weakly schistose, 15% 1-5mm feldspar phenocrysts

158.30 - 157.15 (3b) FELDSPAR-PHYRIC INTERllEDIA TE FLOW PF

Interval of porphyritic: Intennediate flows, massive, dark grey, with 15% very distinc:l1-4mm whitish feldspar phenocryst.

08-~ 10:42:40 AM

Sample

190787 190788 190789 190790 190791 190792 190793 190794 190795 190796 190797 190798 190799 190800 190601 190602

190803 190804 190805 190808

From To Length

(m) (m) (m)

87.00 88.00 1.00 88.00 88.80 0.80

101.10 102.00 0.90 102.00 102.01 0.01 102.01 102.90 0.89 102.90 103.70 0.80 103.70 104.50 0.80 104.50 105.20 0.70 108.60 109.20 0.60 110.70 111.30 0.60 115.70 118.30 0.60 118.30 117.30 1.00 117.30 118.30 1.00 122.60 123.20 0.60 124.90 125.40 0.50 128.70 129.30 0.60

149.60 150.40 0.80 170.60 171.60 1.00 171.60 171.81 0.01 171.81 172.40 0.79

Hole Number: SL06-05 ProJect: U6-SAVANT LAKE Project Number:

Au (gpl) Au (OZlf) Au (ppb) V.G. Comments

0.01 0.001 12 o sNIceoua, 1 % cubic py 0.09 0.002 85 o 1-2% py in schistoa. 0.01 0.001 5 o 1cm chlorite-py str 0.01 0.001 5 o Standard 1, 1.206 gpt 0.01 0.001 5 o siliceous, 0.5% py 0.01 0.001 5 o sUIceoua-arb, tr py 0.03 0.001 33 o 112cm qz-carb-lm str, tr py 0.01 0.001 5 o trpy 0.01 0.001 5 o Check, Scm bleached with Tm, 1 % py 0.01 0.001 5 o Chech, 1 112 qz cxoQll str + 1cm py str 0.01 0.001 5 o 2cm cxoQll qz-tm sir, tr py 0.01 0.001 7 o Schist. 1% py 0.01 0.001 14 o Schist. 3-4% py 0.08 0.002 64 o o4cm qz vn, 1 % blebs+str py 0.07 0.002 71 o Check, 3c:m dlss.str py 0.05 0.001 48 o Check, 2 x 112cm qz sir, 1 % py

0.01 0.001 5 o 1-2cm very irreg. qz str 0.12 0.003 119 o trdlss. Py

0.01 0.001 5 o Blank 0.08 0.002 57 o 8 x 112cm qz-carb sir, 0.5% diss py

Page 3 of 5

From To



From To Langill


(m) (m) Rock Description Sample (m) (m) (m) Au (gpt) Au (Ozlf) Au (ppb) V.G. Comman"

172.40 177.85 (SZ) SHEAR ZONE SZ

Shear Zone (T6?) in Intennedlate volcanic flows. Moderately schistose at 60' ca •• medium grey. gray-beige on fresh fracture. with al slight tint of green. Aphanitic groundmass. moderately silicified and serlcitlzed with a few centimetric stringers of quartz-carbonate. and a weak pervasive carbonatatlon. This zone Is mineralized with 1-3% pyrite-pyrrhotlte throughout as disseminated. wispy and stringers pattem. Upper contact at SO' ca.

177.85 184.80 (3b) FElDSPAR-I'HYRIC INTERMEDIATE FLOW PF

Porphyritic Intermediate volcanic ftowI. Weakly sc:hlstose at SO' ca .• 10% 1-4mm bluned feldspar phenocrysts In I medium grey and aphanillc groundmass. Groundm ... Is weakly Siliceous but moderately serlcitlzed with a light beigegreen coloration. It also contains I weak pervasive iron-carbonate alteratJlon. local traces of pyrite. Upper contact at SO' ca.

184.80 192.80 (SZ) SHEAR ZONE SZ

Shear Zone (T7?)ln lniennediate voIcanie flows. Moderately to strongly schistose at 45-55' ca .• medium grey. grey-belge on fresh fracture. with al slight tint of green. Aphanitic groundm .... moderately silicified (glassy) and serlcltlzed with 5% quartz fIoodlngs and 10%+ of the groundmass with some sillclc-aerk:ite-dolomite(?) brecciated material of which the beat mineralization is associated with. The zone Is mineralized with 1-2% pyrite-pyrrhotlte throughout as disseminated. wispy and stringers pattem. Upper contact at 60' ca.

192.80 198.00 (3b) FElDSPAR.pHYRIC INTERMEDIATE FLOW PF

Porphyritic Intennediate volcanic flows as above (177.85-184.8m). Massive to weakly schistose at SO' ca .• 10% 1 "'mm blurred feldspar phenocrysts in a medium grey and aphanitic groundmass. Groundmassls weakly siliceous but moderately serlcitized with a light belge-green coloration. It also contains a weak pervasive lron-carbonate alteratiion. local traces of pyrite. Upper contact at SOo ca.

06-Dec-06 10:42:40 AM

190807 190808 190809 190810 190811 190812 190813 190814

190815 190816

190817 190818 190819 190820 190821 190822 190823 190824 190825 190826 190827 190828 190829

190830

172.40 173.00 0.60 173.00 173.60 0.60 173.80 174.20 0.80 174.20 175.00 0.60 175.00 175.80 0.80 175.80 176.80 0.80 176.80 177.20 0.60 17720 177.85 0.85

177.85 178.60 0.75 184.00 184.80 0.80

184.80 185.60 0.60 185.60 186.20 0.60 186.20 186.60 0.60 186.60 186.81 0.01 186.81 187.SO 0.69 187.SO 188.10 0.60 188.10 188.70 0.60 188.70 189.30 0.60 189.30 189.90 0.60 189.90 190.SO 0.60 190.SO 191.20 0.70 191.20 192.00 0.60 192.00 192.60 0.60

192.60 193.40 0.80

0.03 0.001 31 o 10% qzfloods. 0.5% py 0.01 0.001 14 o lern qz-carb vn. 1% py diss. 0.19 0.005 186 o sHie .• 10% qz ftoods. 2% py..po wisps 0.01 0.001 5 o 0.5% strpy 0.01 0.001 5 o slllc .• tr py 0.24 0.007 241 o ailie .• 3an carb vn. 3% py str 0.08 0.002 80 o 0.5% diss py 0.27 0.008 272 o 2%disspy

0.01 0.001 10 o trpy 0.01 0.001 7 0 trpy

0.33 0.010 331 o lille .• trpy 0.14 0.004 139 o liIIe .• trpy 0.15 0.004 149 o aoie •• trpy 1.46 0.043 1462 o Stsndard 2. 1.431 gp! 0.09 0.003 87 o 10% qz-tm floods. 1-2% py 0.13 0.004 131 o Bille •• with qz fragm. 2% py 0.26 0.008 261 o Qz brecda. sillc .• 1 % py 0.11 0.003 108 o Qz breccia. IlIie .• 0.5% py 0.10 0.003 96 o 3an +ll2ern brace qz vn. Iilie .• 0.5% py 0.04 0.001 39 o 12cm chert vn. tr py 0.06 0.002 64 o sille. + 10% qz trag. 0.5% py 0.04 0.001 37 o trdiss py 0.06 0.002 63 o trdlss py

0.01 0.001 9 o Massive porph. tr py

Page 4 of 5

AVALON VENTURES LIMITED Hole Number: SL06-05 Project: U6-SAVANT LAKE


From To From To Length (m) (m) Rock Description Sample (m) (m) (m) Au (gpt) Au (Ozlt) Au (PPb) V.G. Commenta

End of Hole.

06-0ec-06 10:42:40 AM Page 5 of5

Azimuth:

Dip: bngth: StIII1IId:

Drll~~"-9

180 -55 120.00 meters 24-0ct-06

Completed: 24-Oct-06 ~ov-06

No

L.o{JfJ«I: Wedged: Wedged from:

~!nl1

Length: 4.00 meters Pulled: No Capped: Yes

Cf/llJented: No

Core

Dim_ion: NQ Orlg/nal Units: M

SIOnIge: Thunder Bay Shop

Target: Aimed to re-lntersect zone T6-T7 east of hole SL06-03



Township:

ClaIm No: NTS:

CONANT

3013467 52JI09

Surface Hole: Yes

Cogntll!lf!t. Gemcom Eat: North: EJevetlOII:

Location

Staked

bve/:

Cogntl!!lf! - UlM Cogntll!lf!t. Grid

Eut: 8n03O East: Nonh: 5582532 North: EWvallon: 419 EIrnIfIon: UTII Zone: NA083 ZONE15 Grid Name:

Comments: Swampy area but very close to surface outcrops hence only one casing left to the bedrock

QevtattOf! rests

Distance AzImuth Dip Type (m)

0.000 180.00 -55.00 C 80.000 181.00 -53.00 A

120.000 182.00 -50.00 A


Other

ConlllJctor: CHIBOUGAMAU DRILLIN

Spolfied by: MHch Dumoulin Coord Type: GPS

Surveyed by: MHch Dumoulin Surveyed Dete: 24-Oct-06 LOfIfIed by: MHch Dumoulin Re-Iof1fIed by: Water Source: 200m from Handy Lake Water Hne: Left In hole: easing + Shoe Bit Contml DrlIHtIfI: Drill Rate Culling_pied: No Geoph~:

Page 1 of 1



From To From To LfIIIgth (m) (m) Rock Description Sample (m) (m) (m) Au (gpl) Au (Ovt) Au (ppb) V.G. Comments


4.00 54.00 (3) INTERMEDIATE METAVOLCANIC ROCK (UNDIFFERENTIATED) SCH 190831 7.60 8.20 0.60 0.01 0.001 5 o 3cm+ll2em qz cx-cut str. tr py Intennedlate mela Volcanic Flows. Moderately to locally strongly schistose at 190832 8.20 9.20 1.00 0.01 0.001 10 0 45-50' ca Intermediate flows. medium gray with a slight greenlnsh tlnt aphanitic 190833 9.20 10.10 0.90 0.01 0.001 9 o 3cm cx-cut qz str. tr py groundmall, _kly sUIcified but moderately serlcltized. less than 1 % micro

190834 14.10 14.70 0.80 0.02 0.001 16 o Check, 2em cx-cut qz str planes along schistosity of chlorite-blotlte planes tend to darken the rock. It contains a few scattered and erratic centlmetrk: veinlets or stringers of quartz- 190835 14.70 14.71 0.01 0.01 0.001 5 o Blank carbonate, quartz-tourmaline and quartz-.pldote. It also contain. a very _k 190838 19.5O 20.10 0.60 0.01 0.001 5 o Check, 4cm cx-eut qz str pervasive carbonatatlon. Some little intervals are more or leas mineralized with 190837 25.20 25.60 0.80 0.51 0.015 513 o 2em seml-mas.1ve po-py-epy vn pyrite and pyrrhotite.

190838 25.60 26.60 0.80 0.09 0.003 86 o 1 % py-epy In schist 190839 26.60 27.20 0.80 0.02 0.001 20 o 0.5% po-py sir 190840 42.80 43.40 0.80 3.84 0.112 3840 o 3%.tr py-epy 190841 43.40 44.10 0.70 2.09 0.061 2069 o 1% py-epy str 190842 44.10 45.10 1.00 0.06 0.002 62 o trpy 190843 45.10 45.90 0.80 0.01 0.001 8 o 0.5% py-epy sir 190844 51.10 52.10 1.00 0.71 0.021 706 o 1% wisps po-py 190845 52.10 53.10 1.00 0.13 0.004 126 o trpy 190848 53.10 54.00 0.90 1.44 0.042 1441 o 2em qz vn, tr py

54.00 89.05 (48) FELSIC lAPlUI TUFF SCH 190847 54.00 55.00 1.00 0.01 0.001 5 0 Meta Felsic lapinl Tuff. light to medium gray volcano-sedlment (coarse 190848 55.00 56.00 1.00 0.01 0.001 5 o trpy fragmental unRm?), light gray-belge and fairly felsic groundmas. (rtlyolRIc 190849 56.00 56.70 0.70 0.01 0.001 5 o 4cm qz vn, tr py texture, heavy and hard) which contains 5-10% footfall shape elongated lapilli 1-

190850 56.70 56.71 0.01 1.02 0.030 1016 o Standard 1, 1.206 gpt lOmm up to 3cm light green ones In a moderately serlcRlzed groundmall. It also contains frequent scattered em's blotJte-ehlorita rich Intervals which 190851 56.71 57.50 0.79 0.01 0.001 5 o Scm qz vn, tr py contain. disseminated sulphides of py-epy but generally not quartziferous 190852 61.00 61.80 0.80 0.01 0.001 5 o 1% dlss py in blot (frequant check .amples are taken on these). Groundmass has a very weak 190853 61.80 62.60 0.80 0.01 0.001 5 o 1% dlss py in biot pervasive carbonatatlon. locally, we can see some higher degree of aReration

190854 62.60 63.40 0.80 0.01 0.001 5 o trdls. py in epidote (more greenish) associated with higher silicification as well. Broken Upper contact at SO' ca. 190855 63.40 64.40 1.00 0.01 0.001 5 0

190856 64.40 65.20 0.80 0.01 0.001 5 o trpy 190857 65.20 66.00 0.80 0.01 0.001 5 0 190658 66.00 66.80 0.80 0.01 0.001 5 o 1 % dill py in biot+carb 190859 66.60 67.80 1.00 0.01 0.001 5 o trdiss py 190860 67.80 66.60 1.00 0.01 0.001 5 0 190861 68.60 69.80 1.00 0.01 0.001 5 o 0.5 dill+blebs py

06-Dec-06 10:49:20 AM Page 1 of3

AVALON VENTURES LIMITED Hole Number: SL06~6 Project : U6-SAVANT LAKE Geological Description with Assays Project Number:

From To From To LIfIIgIh (m) (m) Rock Description Sam,. (m) (m) (m) Au (gp/) Au (OzA) Au (ppb) V.G. Comments

190862 69.80 70.80 0.80 0.01 0.001 5 o Ir py in strong epid'n 190863 76.90 77.40 0.50 0.01 0.001 5 o 3an qz vn, tr py 190864 77.40 78.40 1.00 0.01 0.001 5 o aNIe, trpy 190865 78.40 78.41 0.01 0.01 0.001 5 o Blank 190866 78.41 79.40 0.99 0.01 0.001 5 o IUIe, trpy 190867 79.40 80.10 0.70 0.01 0.001 5 Dillie, 1c:rn qz vn, tr flY 190868 87.30 88.10 0.80 0.01 0.001 5 o trpy 190869 88.10 89.05 0.95 0.01 0.001 7 0 trpy 89.05 107.60 (MZ) MINERAlIZED ZONE BL 190870 89.05 90.00 0.95 0.01 0.001 5 Daile, trpy T6-T7 Mineralized Zone - Fellie meta volcanics. Semi-masllve to weakly 190871 90.00 91.00 1.00 0.01 0.001 5 o trpy schistose at 50" ca., aphanHic groundmasa Ihat Is very siliceous with 1-2% black 190872 91.00 92.00 1.00 0.01 0.001 6 o trpy

and fine grained biotite for a rhyolltJc..trachytle texture. Light to medium grey with 190873 92.00 92.70 0.70 0.07 0.002 74 o trpy-cpy

a greenish lint, highly silicified but weakly 10 moderately aericltlzed. Biotite Is along schistosity with • very strong blOlltic Interval between 94.25-94.8Om. It Is 190874 92.70 93.3O 0.60 0.31 0.009 309 o 1%py-cpy not magnetle. There Is a weak carbonatatlon with pervasive calcite in the planes 190875 93.30 94.10 0.80 0.01 0.001 6 o 0.5% py-cpy str of the schistosity and more aboundant in the blotltle interval. Scatteredly, 190876 94.10 94.90 0.80 0.02 0.001 18 o 40% biotite, cherty, tr py-cpy

mineralization occurs mostly as of disseminated sulphides but also as discrete 190877 94.90 95.70 0.80 0.01 0.001 5 o trpy

stringers along schistosity and consist mostly of pyrite wilth minor chalcopyrite. Upper contact at 50' ca. 190878 95.70 96.50 0.80 0.01 0.001 5 o trpy-cpy 190879 96.50 97.20 0.70 0.01 0.001 7 o tr py-cpy In blot planes 190880 97.20 97.21 0.01 1.30 0.038 1295 o Standard 2, 1.431 gpt 190861 97.21 97.80 0.59 0.10 0.003 100 o 1% blebby py-po 190862 97.80 98.50 0.70 0.07 0.002 67 o 1% str py-po 190883 98.50 99.20 0.70 0.01 0.001 13 o 0.5% blebs py-po 190884 99.20 100.00 0.80 0.01 0.001 7 o Ir py In blot planes 190885 100.00 100.80 0.80 0.01 0.001 9 0 Irpy 190886 100.80 101.80 0.80 0.01 0.001 5 o Ir py In blot planes 190887 101.60 102.40 0.80 0.01 0.001 5 o trpy 190886 102.40 103.00 0.60 0.11 0.003 107 o 1 % py disrupted str 190889 103.00 103.60 0.80 0.21 0.006 214 o 1% py disrupted sir 190890 103.60 104.20 0.60 0.01 0.001 5 0 1 em CII-CUI qz sir, Ir py 190891 104.20 105.00 0:80 0.01 0.001 5 o trpy 190892 105.00 105.80 0.80 0.01 0.001 5 o Ir blebs py-cpy 190893 105.80 106.50 0.70 0.01 0.001 6 o sllk:+ser strong, Ir py 190894 106.50 107.00 0.50 0.01 0.001 5 o Very strong sili+ser, Ir py 190895 107.00 107.01 0.01 0.01 0.001 5 0 Blank 190896 107.01 107.60 0.59 0.01 0.001 10 o Strong sll+ser, 0.5% blebby py 06-Dec-06 10:49:20 AM

Page 2 of3



To To Length From (m) (m) Rock Description Sample

From

(m) (m) (m) Au (gpt) Au (OzA) Au (ppb) V.G. Cornmenta

107.60 113.45 14e) FELSIC LAPILLI ruFF SCH

Meta Felsic Lep/UI Tuff as above. Weakly schistose at 50-55. ca .• medium to darker gnty depending the amount of dark chlotltic fragments-iapiUl contained In a beige felsic and aphanitic groundm.... Surface of the core tends to show a soapy texture but when broken. It obviously becomes falr1y felsic. LepilU are elongated In schlstoalty and are light green and dark blackJsh for about 10% contained in the groundm.... Weak occasional carbonatatlon and not magnetic. Traces at sulphides are noticed but nothing really slgnificanl Upper contact at 55· ca.

113.45 120.00 13b) FELOSPAR-PHYRIC INTERMEDIATE FLOW BL

Porphyritic Intennedlate volcanlca. Weakly schistose at SO· ca .•. Felsic to Intennedlate grounc:tm ... with 3-10% 1-4mm feldspar phenOClySts. most of them pretty blurred. and a few occaslonnal3-4mm blue eyes quartz phenOClySts obaerveble as well. The rock Is medium gnty and not magnetic. There Is also a weak pervasive carbonatatlon In the planes of the schistosity al waH as leas than 1% of Irregular 8tringera of calcite running along core. MineraliZation Is erratic as dialemlnated pyrite In no significant amounts. Upper contact at 45· ca .. EOH

06-Dec-06 10:49:20 AM

190897 107.60 108.40 0.80 0.01 0.001 13 0 Tuff. tr py

Page 3 0'3


APPENDIX 3

Surface Map and Vertical Sections

Page 18

Documents

DIAMOND DRILLING RPT - Ontario · 2017. 1. 16. · consulting geologist Tim Maunula, P.Geo. of Wardrop Engineering conducted preliminary reconnaissance work and were successful at