I Moon Energy Corporation I - Ontario...I I I I I I I I I I I I I I I I I I I Page 1 Introduction During the winter of 2007 and summer of 2008, a two hole diamond drilling program

I I I I I I I I I I I I I I I I I I I

Moon Energy Corporation

DIAMOND DRILLING REPORT

FOR

MOON ENERGY CORPORATION

ON THE

FORT KNOX GOLD PROJECT,

COULSON TOWNSHIP,

LARDER LAKE MINING DIVISION, ~ -.3 9 9 DISTRICT OF COCHRANE

12/0112008 Glenn Galata

5


TABLE OF CONTENTS PAGE

Introduction ..................................................................................... 1

Location and Access .................. , ....................................................... 2

Property .......................................................................................... 3

Topography ................................................................................. , ... 3

Mineral Exploration History (Property) .................................................. .4

Diamond Drilling Overview ....... , .............................. , ........................... 6

Conclusion ........................................................................ , ............. 5

Recommendation ..................................................... , ... , ................... 5

Drill Hole Logs ................................................................................. 13

Sample Assays ......................................................... (Pending Analysis)

LIST OF FIGURES

Figure 1 PROPERTY LOCATION ........................................................ 1

Figure 2 CLAIMS LOCATION .............................................................. 1

Figure 3 DRILL HOLE SECTION DH-07-01 ........................................... 10

Figure 4 DRILL HOLE SECTION DH-08-01 (DH-07-01 Extension) ............. 11

Figure 5 DRILL HOLE SECTION DH-08-02 .......................................... 12

LIST OF MAPS

Drill Collar Plan Map @ (24"x36") at 1 :2400 ............ , '" ........ In back pocket

Drill Plan Grid Location Map @ (24"x36") at 1 :2400 ............... In back pocket


Page 1

Introduction

During the winter of 2007 and summer of 2008, a two hole diamond drilling program was undertaken within Coulson Township on claims 4202652 and 4202653 which comprised the focal point of exploration initiatives within a total land tenure holding volume of 192 claim units. This inaugural diamond drilling program was the 'first to be drilled within this historically unexplored portion of Northwestern Coulson Township where the region is devoid of bedrock surface exposure beneath an average depth of 50 meters of alternating clay and sand overburden layering.

A total of 625 meters of NQ sized diamond drilling was performed in two separate programs which were spaced apart to coincide with and accommodate two parallel exploration challenges. The first being the integration of the project objectives with a parallel series of proprietary geophysical survey modeling development tests which were undertaken before and after the commencement and completion of the drilling stages. The second being the extremely challenging conditions which were present due to winter weather conditions hampering the operations during the first drill hole attempt which resulted in time limits for equipment availability. Further to this, access issues to the property drill sites during an unusually wet summer exploration season on the return to the property for project completion, was undertaken with bush skidding mobilization of the equipment instead of the almost necessary helicopter mobilization support for the revisit to the project area to complete the drilling plan.

The purpose of this drill hole program was the generation of pilot holes to prescribed depths to facilitate the deployment of follow up down-hole surveying which was directly coupled to a developing proprietary geophysical program under a controlled test environment.

Subsequent to drilling, a ground based proprietary geophysical survey again in the development stages was performed within a selected portion of the report claim to test for geophysical responses indicative of subsurface mineralization, alteration and structure. Recommendations are that, as a result of positive geological returns from the current stage of geophysical modeling development, the current drill hole program should be followed up with a second round of drilling which would deepen both holes further to "directly" test the geophysical targets which are interpreted to exist approximately 75-100 meters further down dip. Results from this second drill program will further assist in the development of the geophysical methodology and the resulting project areas overall potential for more advanced work, as well as the opportunity to examine directly, the geological stratigraphy content proximal to the target zones at depth.

Property

.... LocO-tion

NORTH BAY

SCALE 1 inch = 38 KiloMeters

MOOI} Energy Corp Proper(v .... Regional Property Locatk}J7 J1hp

Matheson; Ontarlo, Canada

Wt/ki~ Coulson, Knox and Rk:kardTof1/nships

-

Figure 2

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0 ;:;1& I TIlIl4iI oIi5!:ue: Wed Del 10 2106.57 EDT 2001

TOWNSHIP I AREA RICKARD

ADMINISTRATIVE DISTRICTS I DIVISIONS

Mining Division Land Titles/Regis try DivisIon

Larder Lake COCHRANE KIRKLAND LAKE Ministry of Natural Resources District

TOPOGRAPHIC

•

, '''---' , 1.. _____ •

lAND TENURE W1THDRAWALS ---------- ------ ----- -----=-_G.-_'_ -----IMPORTANT

LAND TENURE WITHDRAWAL DESCRIPTIONS

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-


Page 2

At the writing of this report, Golden Chalice Resources Limited, a Vancouver based junior exploration company part of the Hughes Exploration Group, has incurred considerable exploration initiatives on-strike to the east of the claims outlined within this report. Significant geological indications of an environment favorable to that which hosted the Kidd Creek mine 85 km west of the project area north of Timmins's, has been outlined within the northern edge of the Kidd-Munroe assemblage, and an expanded drilling program is due to commence within the spring of 2009.

This report is being authored by Glenn Galata who is the president of "Denton Resources Ltd", the operational and supervising entity overseeing all geophysical survey development and exploration initiatives for the registered property holders, Moon Energy Corporation, Foundation, Canada. The authors address is given as 130 Arleta Avenue, Toronto Ontario, M3L 2L5 with contact numbers listed as 647-346-6270 (phone), and 647-346-6290 (fax).

The property region was visited by the Resident Geologist Brian Atkinson during a review of the drill core and project access route.

Location and Access

The Moon Energy Corporation, "Coulson" property claims which comprise this report, is located in the extreme north-western portion of Coulson Township and is part of the Larder Lake Mining Division, District of Cochrane, in Northeastern Ontario. More specifically, it is situated approximately 19 km due north-east of Matheson, Ontario from the junction of Highways 101 East and 11. The GPS reference point to the town of Matheson starting junction is Nad 83, 539559E,5375648N.

Access to the property from Matheson can be travelled by way of road accessible segments for the 25 km with the remaining 11 km needing to be accessed by all terrain vehicles. From the intersection of hwy 101 east and 11, travel along hwy 101 east through Matheson for approximately 3 kilometers east to the "Forestry Road" intersection. Turning left at Forestry Road then leads north for a distance of approximately 7 km leads to the "Shallow River Road" intersection. Turning right at the "Shallow River Road" and travelling north, north-east approximately 3 km then leads to the "Wilkie East Road" intersection. Turning right at the "Wilkie East Road" then leads eastward through Wilkie Township for a distance of approximately 9 km to a stopping point designated as a parking area near the boarder of Coulson and Wilkie Township. Travel past this paint is designated as and all-terrain vehicle route only.


Page 3

Access to the property drill hole location region from the start of the all terrain vehicle mounting point is available along a series of challenging logging roads leading gradually north-west for a distance of approximately 10 km where a secondary, east trending, bulldozer road then traverses through the drill grid corridor for a distance of approximately 2 km. Along this secondary bulldozer road, access entry into the project area drill collar locations is evident. Total distance from Matheson to the furthest drill hole collar is approximately 35 km.

This property group location "geologically" resides predominantly within the northern portion of the Kidd-Munroe geological sequence in close proximity to the contact with the Stoughton-Roquemaure Group.

Property

The property area referred to in this report consists of 2 staked mining claims consisting of 28 total claim "units". The claim group is contiguous to the primary exploration holdings of Moon Energy Corp, Foundation, Canada identified as the "Fort Knox AREA 1 Project Grid" which has served as the basis for regionally based exploration of experimental geophysical modeling for the project area. As Coulson and Knox Townships are "surveyed" lot and concession segmented land bases, the staked claims can be identified by direct proximity to such identifiers. Claim 4202652 is divided into Lot '12, Concession 6, and Lot 11, Concession 6 located in Coulson Township. Claim 4202653 is divided into two concessions but straddles two Townships. The lower half located in Coulson Township to the immediate east of 4202652 is identified as Lot 10, Concession 6, while the upper half, located in Knox Township, is identified as Lot 11, Concession 1. The Shallow River runs through portions of the project area in a north-east direction through the extreme north-west corner of claim 4202652 in Coulson Township and returns to run south-east through the upper lot segment of 4202653 in Knox Township before continuing south-east into central Coulson Twp along the interpreted shallow river fault zone horizon.

Topography

The area of the claim group is largely low lying and swampy. High ground exists in the northern and eastern portion of the claim group as it nears the shallow river. Vegetation in the swampy areas is mostly black spruce and immature tag alders which were allowed to proliferate following the large areas of historical deforestation which exists within Wilkie and Coulson Townships. Poplar


Page 4

and Birch is the main remaining constituent of trees on the higher ground with

some sparsely scattered pine trees. Several ground water sourced tributaries feed the shallow river in regularity within areas bordering its 1 kilometer boundary. Logging road access is extremely wet for the most part.

Regional Geology

The Ontario Department of Mines Geological Compilation Map 2205, Timmins-Kirkland lake area, indicates that the property is underlain by intermediate and mafic metavolcanics (mafic flows and pyroclastic rocks), Felsic metavolcanics, metasediments (greywacke-siltstone-slate-argillite), minor pebble conglomerate, metamorphosed mafic rocks (gabbro-diroite and lamprophyre). felsic intrusive rocks and diabase dykes. Strike of the geology is east-west.

The intermediate and mafic metavolcanics underlie about 65% of the property in the northern and southern sections. Metasediments underlie about 10% of the property. They are located in the central claims pinching out approximately 2 km west of the eastern boundary. Three areas are underlain by felsic metavolcanics comprising about 5% of the property. They are situated within the intermediate and mafic metavolcanics in the northwest corner and in the southern part of the property and as a lens in the metasediments in the central west part of the claim group.

The most significant regional scale geological elements associated with the immediate project claims area is the presence of two regional scale magnetic features. The first of the two representing a pair of closely spaced diabase dike structures which run north-east to south-west through Coulson Township, The second. which is largely identified as a structure labeled the "Shallow River Fault". runs in an opposite north-west to south-east orientation through Coulson Township to that of the first named.

Mineral Exploration History

Mineral exploration history from assessment eligible verification sources within the "immediate project area claims" is unavailable. Due to the general lack of outcropping for surface examination in this portion of the township, historical exploration has been focused within the townships southern and eastern boundaries in close proximity (3 km) to the shallow river where the township


PageS

exhibits significant electromagnetic anomaly trends. The "immediate" area of exploration has exhibited a historically barren region of claim coverage and has not been subjected to any diamond drilling exposure or direct ground or airborne geophysical exposure including the latest "Discovery Abitibi MegaTEM" airborne survey which unfortunately was flown just to the south of the report claims. The only known outcropping exposure exists along strike of the survey grid outline approximately 3 km to the east along the shoreline of the shallow river. This exposure is identified as the shallow river gold showing.

Due to the lack of recorded work coverage on record at the recorded assessment level, a brief outline of surrounding proximity work will be discussed.

The nearest assessment work on record to the report claims refers to a 1990 assessment file submitted by Derry. Michener, Booth & Wahl, a geological consulting entity filing on behalf of their client Goldbelt Mines Inc. under AFRI File: 42A 1 ONE8629 and AFRO Jd: 2.13799. The report was based on a compilation for geophysical surveying performed to the immediate north of the project claim boundary where HLEM (Horizontal Loop-Electromagnetic) and total field MagnetiC Surveying process were undertaken by independent contractors between Sept 4, 1990 and Oct 27, 1990, one such project specifically located in Knox Township directly adjacent to the north of the report project claims. This particular assessment report is significant in that the Moon claim 4202653 extends into Knox Township where it shares a portion of the "Knox" survey coverage grid. Unfortunately, due to access issues, the Knox Township survey grid did not receive the HLEM process and was only covered by the total field magnetic procedure. The magnetic survey proved to be unremarkable within the Knox portion of the survey grid with little magnetic susceptibility returned. This feature nonetheless, provides a magnetic low parameter to the region and may indicate an area of high rock alteration at depth which would be deemed favorable to a gold exploration environment.

The only other assessment work in close proximity to the current report project grid is an airborne VLF-electromagnetic and magnetic geophysical survey performed by Hedman Resources Ltd. in 1988 which covered most of the northern extent of Coulson Township from east to west. This assessment file AFRO Id: 211415 and AFRI File: 42A09NE0551 performed by H. Ferderber Geophysics Ltd. shows several VLF-EM anomalies laying on-strike to the immediate east of the project report claims near the north-west corner of Coulson Township which remain untested by diamond drilling. These anomalies may represent mineralized structures within an area of magnetic low susceptibility indicative of a gold setting along strike to the diamond drilling corridor being examined within this report.


Page 6

Diamond Drilling Overview

As a result of previous remote sensing returns related to a newly developing airborne and ground follow-up geophysical survey program being designed by Moon Energy Corporation to map subsurface potassic alteration and mineral element responses via gamma spectroscopy integration into TDEM processes, a diamond drilling program was undertaken to produce pilot holes to facilitate subsurface examination by way of further down-hole survey development returns. As the gamma survey principals are of a proprietary nature at this point in time, its development and methodology and will not form part of the present report criteria. Basic information on the historical attributes of the sciences involved and their case studies can be viewed within the Natural Resources Canada web site at http://gsc.nrcan.gc.ca/gamma/exp97/index_e.php

The remote, airborne based survey deployment returns along the Kidd Munroe Assemblage between 2003 and 2005 formed the developmental basis for follow-up ground survey deployment within the region of the shallow river fault horizon which resides centrally within Coulson Township located to the north east of the town of Matheson. This structure was deemed to represent the most prominent geological feature directly coinciding with survey returns from the regional workings having identified numerous splays of exploration interest. As a result, an initial group of claims were staked in north-western Coulson Township during December of 2006 to secure project areas for follow up ground based surveying subsequent to pilot hole drilling planned within February of 2007.

A ground based differential GPS coordinate system was used to position the drill holes in the field and routing for both drill and survey equipment, was later undertaken to facilitate logistical requirements for the timing of survey and pilot hole performances.

The services of Eastern Diamond Drilling presiding in Hawkesbury Ontario were retained to produce two NQ sized pilot holes spaced approximately 500 meters apart with the first located in claim 4202652 at a planned depth of 350 meters, and the second at 260 meters within claim 4202653, both drilled vertically. The spacing and depth parameters for both pilot holes were oriented to account for dip and plunge attributes returned from the ground based geophysical survey performed prior to the drill program. A track mounted diamond drill and accompanying mobilization eqUipment was received in Matheson on the 13th of February and mobilization into the drill target grid commenced. Access to the property for mobilization to the first drill target occurred over a 2 day period due to snow plowing issues over 10 kilometers of covered logging roads. Ice bridge construction over two main tributaries feeding


Page 7

the shallow river as well occurred during the access routing. Water sourcing for the drilling equipment was taken from a partially frozen beaver dam produced pond 300 meters to the first hole location.

Challenging overburden conditions consisting of alternating clay and sand layers hampered casing progress for several days which was compounded with freezing issues of the water sourcing due to extremely cold weather at this particular time of the year causing intermittent water pump failures at the source. Casing shoe seizure was an ongoing problem during the penetration of the clay and sand layering due to water pressure being lost while passing through sand portions of the overburden layering. A MUD compound added to the water supply was only marginally effective in improving the feed rate for the casing depth progress and a 5 day overburden penetration interval was eventually realized to reach bedrock.

Bedrock drilling progression was particularly slow with the track mounted diamond drilling setup. Manual drill rod breaking and core barrel retrieval for the particular equipment being used was extremely time consuming and labor intensive over that normally realized in a conventional shack contained diamond drilling apparatus where hydraulic drill rod feed is available. Water source freezing and sporadic bedrock faults resulted in numerous drill bits being burned which further hampered drilling progress.

Necessary down-hole survey segment stoppages scheduled daily for the parallel purpose of the survey development added significant time to the drilling program progress which had only attained a depth of 275 meters by the 3rd week of the overall project commencement date, and only a further week could be added to the site equipment availability before moving on to another project. Near the end of the 4th week a final depth of 290 meters was attained at which time a decision was made to withdraw from the project area with the intent of returning at a later time to complete the project mandates. In April of 2007, and in lieu of the time and cost overrun condition which had manifested itself during the hole 1 grid access and drilling, a decision was made to return to the project area again in the summer of 2008 when the weather was deemed more suitable for the parallel presence of both survey development and drilling as well as a conventional diamond drill being made available which would better facilitate the type of drilling-surveying environment being addressed.

A fOllow-up, conventionally based Bore-Hole TDEM survey was undertaken on the uncompleted drill hole in the last week of April to gain additional data on the variances of down-hole mineralization detection between the developing proprietary survey model and conventional electromagnetic prinCiples. The results of this test will be outlined in an upcoming assessment work file which deals with geophysical surveying.


Page 8

In the summer of 2008, a drill was again mobilized to the area 1 drill site on July 28 via the George Downing Estate Drilling Ltd, a subsidiary company to that which was present during the 2007 drilling program period. Access conditions during this particularly wet summer were again extremely challenging and close to a week was spent attempting to gain entry into the Area 1 project grid. Several attempts needed to be made to secure heavy equipment to replace failed units while traversing the swamp laden logging roads .Ieading into the first drill hole location. The water tributaries which were crossed over by way of ice bridges in the winter of 2007 now needed to be dealt with by way of a portable bridge program which proved to be very time consuming.

Setup at the hole 1 location was eventually attained and the remaining 70 meters of drilling and down-hole survey development deployment stages was finally completed after another 3 days. Afterwards a standby period commenced for an additional 10 days which facilitated the completion of the developmental program on the first drill hole and as well, allowed for the final positioning of the 2nd drill hole approximately 500 meters to the east

The drill move to the second hole proved to be no less challenging than that to the first. Swampy conditions and uncertain ground conditions for heavy equipment movements needed to be planned carefully. A forestry contractor was retained to examine the pathways of potential interest which all contained another main tributary to cross similar in depth and width to that of the first two which existed en-route to hole one. 6 days were spent moving the operational equipment to drill hole 2 including time to further repair an inoperative bulldozer which failed half way during the move schedule.

The drill and equipment move is again completed after further challenges with ground conditions and drilling commences on hole 2. Drilling of hole 2 in parallel to daily stoppages for parallel down-hole survey development undertakings proceeds for another 8 days. Afterwards, demobilization of the equipment from the project area back to Matheson takes place over several days of slow retreat through again swampy exit routs.

A more detailed account of access and ground conditions is being presented herein to illustrate the need to consider helicopter mobilization support within the specific area of interest, especially within the summer months. Winter access and mobilization to the project area again has its challenges but is deemed more suitable during a period where a large drilling program would be contemplated.

Drill core characteristics can be found within the accompanying logs ...... .


Page 9

Conclusion:

The diamond drill hole program was successful in outlining a series of 2 vertical pilot holes to prescribed depths which primarily served to facilitate follow-up down-hole surveying processes related to the parallel development of proprietary geophysical processes directly within the area of interest. This work allowed for direct stratigraphy feedback for target depths and geological indicators at depth. This work has produced attributes which gives very impressive credentials to the ground based survey being able to return specific rock strata identification prior to drilling. The drill core returned, as a result of this work, indicates the presence of a geological environment which has significant potential to host Gold and base metal mineralization within a VMS oriented setting. The geological indications in the drill core demonstrate proximity to such hosts and that the hydrothermal system has significant dimensional attributes. It is considered highly encouraging that this environment is coincident with the pre-drilling targeting survey returns from the experimental geophysical modeling and as such, gives incentive to the further development of its processes. At this time, and in lieu of the yet early stage virtues of the deployed geophysical methodology, the current diamond drilling returns are considered to be stratigraphy returns.

Recommendation:

Further diamond drilling to extend the survey pilot holes to the level COinciding with the survey target horizons at depth would be strongly warranted to intersect the flat lying geophysical structures at right angles (90 degrees) to their axis for confirmation of mineralization content and grade.


Figure 3

Surface

66.5m

Quar1zVeln

66.9m

139.9m

Felsic Dike

140.1m

EOH(290m) _

Overburden Casing

-SSm

Mafic Volcanic

Mafic Volcanic

Felsic Volcanic

-274.3rn

Mafic Volcanic

Surface

_M_o_o_n_E_n_e--'rQ ...... y __ C_o_r..l..-p ___ _ Foundation Canada

Drill Hole 1 Section (Fort Knox Project AREA 1)

Hole: BH-07-01

Collar Dip: -90 Degrees Azimuth: Verticle Hole Core Size: NQ

o 10

! Drawn By: G. Galata

Contractor: Eastern 0.0.

Claim: 4202652

UTM: 543915. 5395025N

Grid: NAD83 Twp: Coulson

• • I

Scale in Meters

20 30 40 50

Drawing Date: Sept 2101

Drill Date: Feb 12· Mar 13.2007

Loggod: Liborty Geolo\lY (P. Pope) Core Stored: Redstone Mine


290m

345.S0m Intermediate Ash Tuff

346.S5m

EOH (3S0.Sm)

Figure 4

Intermediate to Felsic

Bomb Tuff

I--- 310.45m

Intermediate Felsic Ash

to Lapilli Tuff

r---325.2m

Intermediate to Felsic

Bomb Tuff

Intermediate Crystal Tuff

r--- 354.5m

290m

Sheared Intemediate Bomb Tuff

Moon Energy Corp Foundation Canada

Dri II Hole 1 Section (BH07-()1 Extension)

(Fort Knox Project AREA 1)

Hole: BH-CS-C1

Collar Dip: ·90 Degrees Azimuth: Verticle Hole Core Size: NQ

o 10

Drawn By: G. Galata

Eastern D.O.

Claim: 4202652

UTM: 543975, 5395025N

Grid: Zone 17, NAO 83 Twp: Coulson

6 .. ,

Scale in Meters

20 30 40 50

Drawing Date: Oct 13108

Drill Date: July 28-Aug 3, 2008

Logged: Kevin Montgomery Core Stored: Matheson


,--------------_ .... _----

Figure 5

Surface --------,

864963 864964 864965 864966 864961

Samples 864968:==~~~~ (Pending) 864969-864970 864971 864972 864973

864974 864975 864976 864977 864978 864979 664980 864981 864982 864983 864984 864985 964986

Samples 864987 (Pending) 864988

864989 864990 864991

864992:==~~§~ 864993 864994 864995 864996 964997

864998 864999

Samples 865000

(Pending) 12951 -====~~~ 12952 -

EOH (261m)

Overburden Casing

48.9m

Surface

Felsic to Intermediate Crystal Tuff

116.2m

Felsic to Intermediate Block Tuff

135m

Intermediate Crystal to Lapllli Tuff

237.75m

Intermediate Lapilli Tuff

254.5m

Intermediate Bomb Tuff

Moon Energy Corp Foundation Canada

Drill Hole 2 Section (Fort Knox Project AREA 1)

Hole: BH-08-o2

Collar Dip: ·90 Degrees Azimuth: Vertlcle Hole Core Size: NO

o 10

Drawn By: G. Galata

Contractor: Eastern D.I).

Claim: 4202653

UTM: 544425E, 5394875N

Grid: Zone 17, NAO 83 Twp: Coulson

Scale In Meters

20 30 40 50

Drawing Date: Oct 6thJ08

Drill Date: Aug 12·28, 2008

Logged: Kevin Montgomery Core Stored: Matheson

- - - - - - - - - - - - - - - - - - -r;;~~, 2008 @ lIBlltlY MINIS INC Page 1 of 1 : !

LIBERTY MINES DETAILED LOG

Hole Number: SH-Ol Units: METRIC

Borehole ID: SHoOl (BH·07·01) Project Number; EXPlORA TI 0 N (Fort Knox Area 1) Start Date: Februal)' 12th 12007 Primary Grid: UTM Nad83 Claim #: 4202652 finISh Date: March 13th I 2007 Primal)' North: 5395025 Township: Coulson Drill Contractor: Eastern Diamond DrilHng ltd Primal)' East: 543975 logged By: liberty Geology Core SiZe: NQ Primary EIev: log Finished: Sep 05, 2008 Hole length: 290 Meters 951.00 Destination Grid: Core Storage: Redstone Mine Azimuth: Verticle Hole Destination North: casing: 55 Meters Dip: 90 Destination East:

Destination Elev:

Comments: Survey Development, Pilot Hole Core Return

Detailed Lithology Mineralization Data Assay Data

From To lJthoIogy From j T IMmeraUl.ati1Mjnerabl.:~ o Type Style Mm% Sample Number I From I To I Ni'Yo Cu % 1 Au gpt I Pt gpt 1 Pd gpt 0 55 CAS, Casing

MV, MarJe Vokanic

55 66,5 grey-green mafic, foliated at 30 to core axis. large clasts, incomsistant grain Size.

66.5 66.9 QTZ, Quartz Vein bull white atz vein sham contacts. oeroendicular to CA. MV, Mafic Volcanic

66.9 139.9 as above, except the aiteration changes. More talc and carbonate minerals, trace to 00/0 sulphides. Same foliation, COre is vel)' soft and fractured In places. 1017 brea:iatiQP from 354-359ft.

139.9 140.1 FD, Felsic Dike loink hard. most liKelv a svenite. FV, Felsic Vokanic

140.1 274.3 Explosive felsic volcanic unit. Yellow-grey to pink grey in colour. Fine graIned with larger angular clasts and shards of glass. Vel)' hard, no sulphides. large I scale OQcm on;s) laverino. Micht have some sedimentary input in olaces.

274.3 289.9 !MV, Mafic Volcanic the same unit as above, gradatiOnal contact. 1 % sulphides. Slightly darker than 1st MY un it.

------ - - - - -- - -HOLE: BHOB-01 DIAMOND DRILL LOG

HOLE: 6H08-01 (6H07-01 Extension) COMPANY: Denton Resources

- PROPERTY: Fort Knox Area 1 LOCATION: Coulson Twp, Ontario CLAIM: 4202652

GRID: UTM: Zone 17 NAD 83 GPS: 543975E, 5395025N OBJECTIVE: Survey Development Test (VMS environment) NQ core size DRILLERS: Eastern Diamond Drilling Drilling Date: August 12-23, 2008

Collar Azimuth: 360 Collar Dip: -90

Hole Length: 360.5 m.

COMMENTS: Hole extended and logged from 290.3 to 360.5 m. Logged By: Kevin Montgomery Sept 13, 2008

FROM I

290

~l

TO GEOLOGICAL DESCRIPTION

0.45 • Intermediate to Ught green, non-magnetic, massive, hard, intermediate I --Felsic Bomb to' felsiC bomb tuff. The tuff-consists of 40-45% - . .

.. - ... - -~-

Tuff ~rOlmde{laelllit()bomb size tF'agments,that have sm~oth · to ragged edges, in a green Vfg intermediate volcanic

-+ash'matrix.The fragments are predominately cream Vtg }1arepth ·.Dip Azimuth

1 .-

..... --- i _ ..

-------------------HOLE: BH08-01 DIAMOND DRILL LOG

FROM I TO i LlTHOTYflt: : ... ~ .... ~ GEOLOGICAL (lESCRl!'TION ! SAMPLE~ FROM_ 310.4 325.2 Interrrted@te 1 Light gleen, Vfil-f9 , fin~}y layerec:l, n!>n-rrt


FROM

354.5

TO LITHOTYPE GEOLOGICAL DESCRIPTION SAMPLE i FROM. TO

360.5

--,

360.5

~ -- ~ ...... -~

L'!{f;ak fracturJn~Lf3qo~~~~O. I ~-- ~--

Lowe~~ntac!()f uni1gradational.

Sheared -, Green tCl 1ight-~reen, V!g-fg,soft non-j1agll~c~-sheared'Intermediate -,-if'l!ermedi~tf; tl:lIf. Th~tuff consists oLgrElEln coarse Bomb Tuff j interl!lediate..9sh with 1 0-15~_ elongated~eformed light

i green rhyolite - rhyodacite bomb size fragments. LThisunitpOssibl~ls- a sheared andchjoriti~~(inte!-·-

__; f!1.ediate to felsic bomb tuff as 290- 304l"r1L ;STRUCTURE: M()derately~~eared 50 to G~t355m-,-~ ,45 to CA_~ 358m,_and 40 to CA at 3(30rT1. .ROO 95 ! LP.!:: TE RA "[I ON ;.'!'Y~a k to moderCltf;ly i nten~~~hl oritization ,along the shearing fabric.

- MIf\r~~LlZJl.TIOt-I: Nil sulphides __ 357.8-360.5 white to clear quartz vein lets to lenses (pinch and

EOH

__Is'llell) par-allel to_she~ fabric.They are less-than.Tcm !thick. Often distin

- - - - - - - -- - - - - --HOLE: BHOB-02 DIAMOND DRILL LOG

HOLE: BH08-02 COMPANY: PROPERTY: LOCATION:

Denton Resources Fort Knox Area 1

Coulson Twp. Ontario CLAIM: 4202653 - GRID: UTM Zone 17 NAD 83 GPS: 544425E. 5394875N

FROM

o

OBJECTIVE: Survey Development test NO Core size DRILLERS: Eastern Diamond Drilling Drilling Date: Aug 12-28,2008 LOGGED BY: Kevin Montgomery P.Geo. on September 6-7,2008.

TO LITHOTYPE GEOLOGICAL DESCRIPTION

(predominantly clay seen in first two cor~ boxes. ---_. -- ---

48.9 i Overburden

48.9. 116.2 Felsic-Interm Yellowish green, fg-mg massive, hard, non-magnetic, -~Crystal Tuff _l!~IST~=jnterme


FROM

I

116.i

TO LITHOTYPE GEOLOGICAL DESCRIPTION

from 98.2-98.4 m. I Block tuff section- 20% subrounded block size felsic

99.5-101.15: intermediate crystal fragments within an~intermediate--+-~ .. - ...... -~ - ---

I ash matrix. - -106.72cm wide ash layer 15 to CA.

110-1 ~6.2· SecE2.n cut~y 2 -3%reddish potas~~ric~microfra~tures. Lower contactJ!radational.

13~jFelsic- ,Yellowish green, fg-mg, massive, hard, non- magnetic 864963, Intermediate ~:feI~~ intermediClte cry~f~ tuff (same as 48.9- l1§:.?m) 864964 r

116.2..L~~ 117 118 c Block that gontains 30-40%subrounded blocksJ3-15cm) of 864965

Tuff lpinkis~_felsic volcanl~ (predominant) or dar~green 864966: mafic volcanic. Below 131.3m, blocks decrease in 86496i~

! content t01 0-15% and unit gets progressively crystal tuff. 864968-

119, 120 121 !

. STRUcT~URE: ~Weakto moderate fracturlr'igRClD 70 - 864969 : 128.5-130.5 Blocky core,strong fracturingat low angles to-cA~rfQD-I~ 864970' -~ 123

~ Lower conta(£gradational. ..... ~.~ ...... - . 864971: 124 ~- - - ~~864~ri2; ~ 125'~

135~3r 75 Interme.:!ia~te_ I Green,fg-mg,n.0n-magnetic-,--moderately harcL_ 864973· 1261

~ Cry~tal t~._~ ,intermediate crystal'


FROM TO LITHOTYPE GEOLOGICAL DESCRIPTION --some mLJc:!l)lip~eg~J 80m.J-()ca~ections of int~nse • pervasive red potassic alteration.

179 .1~~ f80\A/hite quartztfooding in fracti.Jres causing brecciation, \trace pyrite disseminations. ~---~.

197 .5-206 "Strong to moderate pervasive red p()tassic alteration. 203-212 : Same as 174-199m fracture zone. 207-?1Q' Bre~ci8~one- 75-80% angular greenintermediate

,crystal tuff fragments (O.5-5cm size) envelopped by --lwhite~(;alcite vt3ry_fnable~~~c;_tjon. ...... -~ .

212-216 . FAULT orMUD GOUGE ZONE that r~guired cementing .to continue hole. CORE LOST. ~--' ... ----~- ---.. --~ ----"-------- -----

21~-225§:rRUCTURE: Weakto moderate fracturing RQD 60-70 219-?24iMIN: trace VfgJJyr!e dissemina!ions.

222.85-229.9 Pink to white calc;ite-quartz floode_~fractures to small patches.

225-237.75ist~..lJctURE:Weak fracturing, some ca~ite coated ,RQD 85-90.

_232.,f Fracture sii~with ge>.uge at 29 te>.~A. __ 216-237.75pinkishgr~f:ln, Fg~assive, mo.gera~~!~ard

J:1e>.n-magnetic interm~diate volcanic tuff. It consists of . 70-80% pinj


FROM

254.6 TO i LITHOTYPE GEOLOGICAL DESCRIPTION

I _~

261 . Intermediate ! Green, moderately hard, non-magneti

To: Denton Resources Attn: Glenn Galata 130 Arleta Ave. TORONTO ONTARIO M3L 2L5

P.O. No. Project No. No. Of Samples Date Submitted Report Comprises

DEFAULT 102 Nov 19, 2008 Pages 1 to 13

Certificate of Analysis Work Order: T0104458

(Inclusive of Cover Sheet)

Distribution of unused material:

Return to client: 102 Cores

Certified By

Date: Jan 26, 2009

Gavin McGill Operations Manager

SGS Minerals Services (Toronto) Is accredited by Standards Council of Canada (SCC) and conforms to the requirements of ISOIIEC 17025 for specific tests as Indicated on the scope of accreditation to be found at http://www.scc.calenlprogramsllablmlneral.shtml

Report Footer: L.N.R. = Listed not received n.a Not applicable

I.S. Insufficient Sample No result

'INF -= Composition of this sample makes detection impossible by this method M after a result denotes ppt> to ppm conversion, % denotes ppm to % conversicn

Methods marked with an asterisK (e.g. 'NAA08V) were subcontracted Methods marked with the @ symbol (e.g. @AAS21E) denote accredited tests

This document is issued by the Company under Its General Conditions of SelVice accessible at http://wwwsgs.com/termsandconditions.htm. Attention is drawn to the limitation of liability, indemnification and junodiction issues defined therein.

WARNING: The sample(s) to which Ihe findings recorded herein (Ihe "Findings") relate was (were) drawn end I Or provided b)' Ihe Client or by a third party acting at the Client's direction, The Findings constitute no warranty of the sample's represental!vity of the goods and strictly felate to the sample{s). The Company accepts no liability with fegard to the ongln or source from which the sample(S) ,stare said 10 be extracted. The findings report on the samples prOVided by the client and are not Intended for commercial or contractual settlement purposes. Any unauthorized altefafion. forgel)' or falsification of the content or appearance of thiS document is unlawful and offenders may be pros~cuted to the fullest extent of the law.

SGS Canada Inc. Mineral Services 1865 Leslie Street Toronto ON M3B 2M3 t(416) 445-5155 f(416) 44,5415~ . www.sgs.com

Element

Method

Det.Llm.

Units

·864940

864941

864942

864943

,864944

'864945

864946 ~ . . -~.-864947

864948

;.864949

" Rep 864949

864950

864951

864952

.864953

864954

864955

864956 '--864957

864958

864959

864960

864961

'Rep 864961

864962

864963

864964

864965 ;.....-- -864966

864967

864968

864969

864970

864971

864972

864973

'Rep 864973

864974

864975

864976

864977

864978

864979

WtKg WGH79

0.001 Kg

1.702

0.992

2.134

0.630

0 ~534 ,

0.842

1.230,

1.602

0.984

0.754

Element

Method DetUm. Units

,864980 1.--- , !864981

~864982

[864983

'864984

~985 _._

I'Rep86~~. 864986

864987

~8~-:'9_88 864989

1864990

~4991 ~864992

864993

1864994

1864995 '- - -'864996

864997 I--'Rep 864997

864998

864999

865000

12951

12952

0445 WtKg

WGH79 0.001

Kg

2.036

Au @FA1313

1 PPB

2

Pt @FA1313

10 PPB

Element Method OetLim. Units

,,"_~ _H_~ __ _

864940

864941

864942 ).. _ . .-864943

r8~~944 '864945

864946

864947

864948

864949

-'Rep 864949

864950

864951 ..-;864952

:864953

864954 ,"--

.864955 ~- ._-:864956

864957

864958

,864959

864960 .... -- -e~~96~ 'Rep 864961 864962--

~64~3 ___ _

f8~?~ . _ .864965 1.---"_._ ...

.864966

4~e - de Page 6 of 13 ---~--..,.. .~ - ---~- --".- - --.

Ca Cd Co Cr, Cu Fe K La Li Mg @ICP40B @ICP40B @ICP40B @ICP40B @ICP40B @ICP40B' @ICP40B @ICP40B @ICP40BI @ICP40B

0.01 1 1 1 0.5; 0.01 0.01 0.5 l' 0.01 %, PPM PPM

---+-- - ----- .---- - - ....;

9 36 315l 2.62 1?~ ___ 31 .:.. __ 1~ 1~Oj

13 76 10.8 3.68 ' 1.45 30.7, 29 2.411 . . - - --+-- ----J - ... -. 12 __ 3~ .. ___ 1_~ ___ ~ 119 373i ~. ~~

- --- -- - --- -.--4--

0.85

9.15

3.61

3.81

4.83

1.40

1.11

1.05

1.46

1.77'

45 m r Page 7 of 13 - C;---Element Ca Cd Co Cr Fe K La Li Mg

Method @ICP40B @ICP40B @ICP40B @ICP40B @ICP40B @ICP40B @ICP40B @ICP40B @ICP40B @ICP40B Det.Um . 0.01 1 1 1 0.5 0.01 ' 0.01 0.5 l ' 0.01 Units % PPM PPM PPM: PPM % % PPM PPM! %-

[864980 -

Element

Method Det.Um. Units

,864940

864941

864942

864943 ~

.864944

.864945

,864946 1----. ,864947

:864948

864949

~P ~4949 864950

864951

864952

864953

:864954

:864955

·864956

864957

864958

864959

864960

864961

'Rep 864961

864962

.864963

864964

864965

864966

864967

~64968

.. 864969 _ _ __

864970 !---

1864971

,864972 )-- -

;864973

fReP864973

"864974

'864975

864976

864977 ;-..-...-

864978

864979

445 Mn

@ICP40B Mo

@ICP40B 1

PPM

Na @ICP40B

0.01 %

Ni @ICP40B

1

+---

-r-i

.- -- --,-..

2 PPM

1350

1480

207

238.

120

175

130 _ .. -1--108 - ... 146

Element Mn Mo Na Ni

Method @ICP40B @ICP40B @ICP40B @ICP40B

Det.Llm. 2 1 0.01 1

Units PPM PPM % PPM

:864980 .~--.~ ------- ~ ----+--- -.---------+- 421

Element Method Det.Um. Units

864940

864941

864942

864943

864944

1864945

864946

864947

864948

864949

'Rep 8649-:9 _.

864950

864951

864952

864953

864954

864955

864956

:B64957

864958

~864959

!864960 la64961 .

45b ( d

F.Rep 86496'1 j - - . _ . - - - ----

864962

864963

864964

.864965

864966

'864967

864968

864969

864970

864971

864972 864973 --,'Rep 864973 • 864974 864975

864976

:864977

,864978

864979

.--------

Ti @ICP40B

0.01

%.

0.37'

0.39

0.05

0.05

Element

Method

DetUm.

Units

864980

864981

864982

,884983

864984

864985

'Rep 864985

864986

864987

864988

'864989

864990

864991

864992

864993

Ti

@ICP40B 0.01

%

0.19

0.16

0.16

0.14

0.16

0.17

0.17

0.16

0.17

0.14

0.14

0.24

0.22

0.21

0.17

'864995 042

V @ICP40B

2 PPM

72

63

63

70

63

63

70

68

78

57

54

107

92

71

53

51

69, ~.

864994 =± 017 -------- ----+----

! 6_4_9_96_ _ _______ ~ .. _

·864997 + 0.17· fa~~~8r9_~L --g __ ..' . . ~' ~:~ l864~~9 0.27! :865000 0.27

12951 0.26

12952 0.27

73

65

65

80

90

96

86 ·

87

W @ICP40B

10 PPM

Documents

I Moon Energy Corporation I - Ontario...I I I I I I I I I I I I I I I I I I I Page 1 Introduction During the winter of 2007 and summer of 2008, a two hole diamond drilling program