TECHNICAL REPORT ON THE NORTH RANGE ... REPORT ON THE NORTH RANGE PROPERTIES, SUDBURY, ONTARIO For WALLBRIDGE MINING COMPANY LIMITED By JOSHUA BAILEY, M.Sc., P.Geo. Effective Date:

TECHNICAL REPORT

ON THE

NORTH RANGE PROPERTIES,

SUDBURY, ONTARIO

For

WALLBRIDGE MINING COMPANY LIMITED

By

JOSHUA BAILEY, M.Sc., P.Geo.

Effective Date:

DECEMBER 31, 2011

Technical Report on the North Range Properties, Sudbury, Ontario Wallbridge Mining Company Limited Effective December 31, 2011

i

Table of Contents

1 SUMMARY ...................................................................................................................... 3

2 INTRODUCTION ........................................................................................................... 6

3 RELIANCE ON OTHER EXPERTS ............................................................................ 7

4 PROPERTY DESCRIPTION AND LOCATION ........................................................ 7

4.1 UNDERLYING INTERESTS ................................................................................. 15

4.1.1 CBA HESS .................................................................................................... 15

4.1.2 CBA ERMATINGER ................................................................................... 15

4.1.3 FOY NORTH ................................................................................................ 15

4.1.4 CARTIER ..................................................................................................... 16

4.1.5 PELE ............................................................................................................. 16

4.1.6 LEVACK NORTH ........................................................................................ 17

4.1.7 RUZA LEVACK .......................................................................................... 17

4.1.8 DAIGLE ........................................................................................................ 17

5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE

AND PHYSIOGRAPHY ............................................................................................... 18

6 HISTORY....................................................................................................................... 18

7 GEOLOGICAL SETTING AND MINERALIZATION ........................................... 19

7.1 SUDBURY GEOLOGY .......................................................................................... 19

7.2 PROPERTY GEOLOGY AND MINERALIZATION ............................................ 20

8 DEPOSIT TYPES.......................................................................................................... 20

9 EXPLORATION ........................................................................................................... 21

10 DRILLING ..................................................................................................................... 23

11 SAMPLE PREPARATION, ANALYSES, AND SECURITY .................................. 23

12 DATA VERIFICATION ............................................................................................... 26

13 MINERAL PROCESSING AND METALLURGICAL TESTING ......................... 27


ii

14 MINERAL RESOURCE ESTIMATES ...................................................................... 27

15 ADJACENT PROPERTIES ......................................................................................... 27

16 OTHER RELEVANT DATA AND INFORMATION .............................................. 27

17 INTERPRETATION AND CONCLUSIONS ............................................................ 28

18 RECOMMENDATIONS .............................................................................................. 32

APPENDIX A .......................................................................................................................... 34

DATE AND SIGNATURE PAGE ......................................................................................... 35

LIST OF FIGURES

Figure 1: The North Range Properties as of November 30, 2011. ............................................. 9 Figure 2: Detailed mapping and geophysical surveys completed to November 30, 2011. ....... 22

Figure 3: North Range Compilation Map ................................................................................. 31

LIST OF TABLES

Table 1: The North Range Project as of December 28, 2011. .................................................... 8 Table 2. North Range properties. ............................................................................................. 10

Table 3: Summary of Recommendations .................................................................................. 33


3

1 SUMMARY

Introduction

The North Range properties (the “Property”) are located in the Sudbury Mining District, in the

North Range of the Sudbury structure, Ontario. The Property is being explored by Wallbridge

Mining Company Limited (Wallbridge) for copper, platinum group metals, nickel and gold.

Property Description and Location

The North Range Project includes fourteen properties covering 40,814 hectares. Several of the

properties are subject to a number of underlying joint ventures and other interests.

In June 2007, Lonmin Plc completed a private placement of 10,800,000 Units in Wallbridge.

Under the terms of the subscription agreement, a minimum of 60% of the proceeds of the sale of

the Purchased Units ($3.88 M) were to be directed to exploration work or acquisitions of

interests to advance the North Range Project during the period to December 31, 2009.

The terms of the private placement were amended by letter, dated November 27, 2008, extending

the work period to December 31, 2010. The terms of the private placement were amended again

by letter, dated July 6, 2010, extending the work period to December 28, 2011. The North Range

Project Boundary was extended by way of letters dated November 22, 2010, January 7, 2011,

and October 13, 2011, to cover additional claims staked as part of the Ermatinger property.

On December 23, 2011, the Company notified Lonmin Plc it had completed its spending commitment of

$3,880,000 on the North Range Properties as set out in the terms of the private placement with Lonmin

Plc made in June 2007. As a result Lonmin Plc has the option until March 28, 2012 to elect to enter into

Joint Ventures on any of the properties and to earn a 50% interest in such properties by spending twice

the amount of expenditures to date by the Company. Lonmin can then earn an additional 15% interest by

completing a Feasibility Study and securing the Company’s portion of development funding on a loan

basis.

Geologic Setting

The Sudbury area hosts one of the most prolific Ni-Cu-PGE mining camps in the world. The

deposits occur within and adjacent to the Sudbury Structure that formed as a result of a major

Early Proterozoic meteorite impact 1,850 million years ago (Ma). The Properties occur in the


4

North Range footwall to the Sudbury Structure and are largely underlain by granitoids and

gneisses of the Archean Cartier Batholith and cross-cutting Matachewan diabase dykes and

pyroxenite dykes. These are unconformably overlain by Early Proterozoic Huronian

metasediments. All rocks are cut by younger Proterozoic Nipissing diabase dykes, offset dykes

and Sudbury breccia structures of the Sudbury Structure and the younger Sudbury Swarm olivine

diabase.

Deposit Types

There are three main types of mineral deposits in the Sudbury area:

1. Contact deposits, along the lower contact of the SIC, both within the contact sublayer and

within the immediately adjacent Footwall Breccia.

2. Footwall deposits, in the footwall rocks themselves, often associated with zones of

pseudotachyllite and associated melt rock.

3. Offset dyke deposits, associated with offset dykes.

The North Range Project was conceived to explore for the following PGE, copper and nickel

targets in the North Range footwall to the Sudbury Basin:

Buried thrust slices of SIC at reasonable depths beneath portions of the footwall beyond

the currently mapped limits of the SIC.

Offset dykes with massive to disseminated Ni-Cu-PGE mineralization.

Exploration and Drilling

From June 2007 to November 30, 2011, Wallbridge incurred expenditures of $3,861,427 to

complete:

97 square kilometres of geological mapping

mechanical trenching/stripping in 18 places

2820 line kilometres of airborne magnetic and electromagnetic surveys on 5 grids;

126.4 line kilometres of ground resistivity/IP surveys on 3 grids;

71 line kilometres of ground electromagnetic surveys on 3 grids.

And 4,701 metres drilling in 28 drill holes.


5

Interpretation and Conclusions

In terms of metal endowment, infrastructure, community support and regulatory stability,

Sudbury is the most attractive place in the world to explore for and develop large-scale copper,

nickel and PGE mining projects. Despite over 125 years of mining in the Sudbury area, very large

and high grade deposits continue to be discovered.

Geological mapping and prospecting has been successful in identifying and delineating several

large Sudbury breccia structures with a combined strike length of approximately 37 kilometres,

several new Offset dykes with a combined strike length of 17.5 kilometres and a 29 km

extension to the Hess Offset dyke in a previously unexplored area.

Follow-up airborne magnetic and electromagnetic surveys and ground IP/resistivity and

electromagnetic surveys have been completed on some, but not all, of the geological targets

identified.

The North Range project is a very large project at an early stage of exploration. Work to date

has been very successful in expanding the search space of favourable geology in Sudbury and it

remains to systematically test the potential for economic mineralization.

Recommendations

Significant further work is recommended to fully explore the Properties potential for mineable

nickel, copper and platinum group element mineralization. An $11.1 million program including

drilling, geophysics and geological mapping is recommended to be completed over the course of

several years.


6

2 INTRODUCTION

The North Range properties (the “Property”) are located in the Sudbury Mining District, in the

North Range of the Sudbury structure, Ontario. The Property is being explored by Wallbridge

Mining Company Limited (Wallbridge) for copper, platinum group metals, nickel and gold.

This report was prepared for Wallbridge to provide a summary of exploration and results on the

North Range Project during the work period to December 28, 2011.

The report is based on work carried out by the author and by Wallbridge personnel and

contractors under the supervision of the author. The author has made numerous site visits to the

Property. A complete list of reference material reviewed is provided at the end of this report.

This report has been prepared in compliance with the requirements of National Instrument 43-

101 and Form 43-101F1.

Joshua Bailey, M.Sc., P.Geo, Vice President of Corporate Development for Wallbridge Mining

Company Limited, is the author and Qualified Person responsible for the technical content of this

report.

Metric units are used throughout this report unless otherwise specified. Assay and analytical

results are quoted in grams per tonne (g/t), parts per million (ppm), parts per billion (ppb) or

weight percent (%). 1 g/t is equivalent to 1 ppm and 1000 ppb; 10,000 g/t is equivalent to 1 %.

Total precious metals (TPM) are the sum of platinum, palladium and gold values returned for a

sample. All dollar amounts are expressed in Canadian funds.


7

3 RELIANCE ON OTHER EXPERTS

Third party contractors performed geophysical and analytical work for Wallbridge on the

Property in 2011. Although Wallbridge has made every reasonable effort to ensure data quality,

it cannot absolutely guarantee the data integrity. Based on its review of third party data, the

author has no reason to believe that any significant errors exist in the data.

4 PROPERTY DESCRIPTION AND LOCATION

The North Range Project includes fourteen properties covering 40,814 hectares (Table 1, Figure

1, Table 2). Several of the properties are subject to a number of underlying joint ventures and

other interests.

In June 2007, Lonmin Plc completed a private placement of 10,800,000 Units in Wallbridge.

Under the terms of the subscription agreement, a minimum of 60% of the proceeds of the sale of

the Purchased Units ($3.88 M) were to be directed to exploration work or acquisitions of

interests to advance the North Range Project during the period to December 31, 2009.

The terms of the private placement were amended by letter, dated November 27, 2008, extending

the work period to December 31, 2010. The terms of the private placement were amended again

by letter, dated July 6, 2010, extending the work period to December 28, 2011. The North Range

Project Boundary was extended by way of letters dated November 22, 2010, January 7, 2011,

and October 13, 2011, to cover additional claims staked as part of the Ermatinger property.

On December 23, 2011, the Company notified Lonmin Plc it had completed its spending commitment of

$3,880,000 on the North Range Properties as set out in the terms of the private placement with Lonmin

Plc made in June 2007. As a result Lonmin Plc has the option until March 28, 2012 to elect to enter into

a Joint Venture on any of the properties to earn a 50% interest in such properties by spending twice the

expenditures to date by the Company. Lonmin can then earn an additional 15% interest by completing a

Feasibility Study and securing the Company’s portion of development funding on a loan basis.


8

Table 1: The North Range Project as of December 28, 2011.

Project Hectares Property description Terms

1 Cartier 10368 Staked claims Option from Xstrata to earn 100%,

Xstrata retains right of first refusal to

recover 60% interest

2 Cascaden N 7808 Staked claims 100% Wallbridge

3 CBA

Ermatinger

1934 Staked mining claims

and 3 leases

50/50 JV with Champion Bear and

Wallbridge

4 CBA Hess 2752 CBRL 50/50 JV with Champion Bear and

Wallbridge

5 Daigle 160 Staked claims 100% Wallbridge, Daigle retains 2%

NSR royalty

6 Foy N 400 Staked claims 100% Wallbridge, subject to

Crowflight JV agreement - AOI

7 Ruza 608 Staked claims 100% Wallbridge, Ruza Resources

retains 2% NSR royalty

8 Ermatinger 9280 Staked claims 100% Wallbridge

9 Harty 336 Staked claims 100% Wallbridge

10 Ministic 1392 Staked claims 100% Wallbridge

11 North Range 80 Staked claims 100% Wallbridge

12 Pele JV 5312 Staked claims 50/50 JV with Pele and Wallbridge

13 Levack N 240 Staked claims 100% Wallbridge, subject to Pele JV

14 Rudy's Lake 144 Staked claims 100% Wallbridge

Total 40,814 ha


9

Figure 1: The North Range Properties as of November 30, 2011.


10

Table 2. North Range properties.

1

claim number map area area (ha) holder recorded date work due date Status

($) work

required

work

reserve

1 3000388 CARTIER 12 192 XCC 26-Apr-2013 A 4,800 0

2 4201127 HESS 14 224 XCC 25-Nov-2005 25-Nov-2012 A 5,600 0

3 4201128 HESS 16 256 XCC 25-Nov-2005 25-Nov-2012 A 6,400 0

4 4201129 HESS 12 192 XCC 25-Nov-2005 25-Nov-2012 A 4,800 0

5 4201130 CARTIER 16 256 XCC 25-Nov-2005 25-Nov-2012 A 6,400 0

6 4201131 HESS 16 256 XCC 25-Nov-2005 25-Nov-2012 A 6,400 0





11 4201138 hart 8 128 XCC 25-Nov-2005 25-Nov-2012 A 3,200 0

12 4201139 HESS 7 112 XCC 25-Nov-2005 25-Nov-2012 A 2,800 0

13 4201140 HART 16 256 XCC 25-Nov-2005 25-Nov-2012 A 6,400 0

14 4201141 HART 7 112 XCC 25-Nov-2005 25-Nov-2012 A 2,800 0

15 4201142 HART 16 256 XCC 25-Nov-2005 25-Nov-2012 A 6,400 0

16 4201143 HART 8 128 XCC 25-Nov-2005 25-Nov-2012 A 3,200 0

17 4201144 CARTIER 2 32 XCC 25-Nov-2005 25-Nov-2012 A 800 0

18 4201162 LEVACK 1 16 XCC 14-Nov-2005 27-Sep-2012 A 400 0

19 04208821 HESS 8 128 XCC 25-Nov-2005 25-Nov-2012 A 3,200 0

20 4208880 HESS 16 256 XCC 25-Nov-2005 25-Nov-2012 A 6,400 0

21 4208882 HESS 16 256 XCC 25-Nov-2005 25-Nov-2012 A 6,400 0

22 4208883 CARTIER 12 192 XCC 25-Nov-2005 08-Oct-2012 A 4,800 0








30 4208891 HESS 16 256 XCC 25-Nov-2005 25-Nov-2012 A 6,400 0

31 4208892 HESS 16 256 XCC 25-Nov-2005 25-Nov-2012 A 6,400 0

32 4208893 HESS 6 96 XCC 25-Nov-2005 25-Nov-2012 A 2,400 0

33 4208894 HESS 3 48 XCC 25-Nov-2005 25-Nov-2012 A 1,200 0






39 4208916 HARTY 4 64 XCC 25-Nov-2005 25-Nov-2012 A 1,600 0

40 4208917 LEVACK 2 32 XCC 25-Nov-2005 08-Oct-2012 A 800 0



43 4208920 LEVACK 16 256 XCC 25-Nov-2005 08-Oct-2012 A 6,400 0

44 4208921 LEVACK 16 256 XCC 25-Nov-2005 08-Oct-2012 A 6,400 0


46 4208923 LEVACK 14 224 XCC 14-Nov-2005 27-Sep-2012 A 5,600 0









55 4208933 LEVACK 9 144 XCC 25-Nov-2005 25-Nov-2012 A 3,600 0


10368 ha 259,200 $0

Cartiermining claims:

Project totals


11

2


($) work

required

work

reserve

1 03005794 Cartier 128 WMCL 21-Sep-2006 21-Sep-2012 A 3,200 0

2 3009803 Cartier 256 WMCL 08-Feb-2006 08-Feb-2012 A 6,400 0





7 3009808 Cascaden 176 WMCL 21-Feb-2006 21-Feb-2012 A 4,400 0




11 3009814 Ermatinger 80 WMCL 21-Feb-2006 21-Feb-2012 A 2,000 0



14 3009817 Hart 176 WMCL 21-Feb-2006 21-Feb-2012 A 4,400 0








22 3009825 Cartier 240 WMCL 16-Mar-2006 16-Mar-2012 A 6,000 0













35 4206117 Cascaden 160 WMCL 05-Jun-2006 05-Jun-2012 A 4,000 0

36 4206118 Hart 112 WMCL 05-Jun-2006 05-Jun-2012 A 2,800 0

37 4206119 Hart 240 WMCL 05-Jun-2006 05-Jun-2012 A 6,000 0

7808 ha 195,200 $0

mining claims:

Cascaden N

Project totals

3


($) work

required

work

reserve

1 1214586 Ermatinger 192 WMCL CBRL 23-Feb-1998 18-Mar-2013 A 4,800 0

2 1214587 Ermatinger 80 WMCL CBRL 23-Feb-1998 18-Mar-2013 A 2,000 0

3 1239141 Ermatinger 64 WMCL CBRL 13-Apr-2000 06-May-2013 A 1,600 0



6 1244383 Ermatinger 256 WMCL CBRL 31-Jul-2000 23-Aug-2013 A 6,400 0





1872 ha 46,800 $0

mining claims:

Totals

CBA Ermatinger

legal description PID # map area area (ha) rights held holder

lease renew

date

lease

number

work

reserve

11 S630298 73356-0001 Ermatinger 12.02 MSR CBRL 31-May-2012 106568 0

12 S630294 73356-0002 Ermatinger 24.53 MSR CBRL 31-May-2012 106567 0

13 S630295 73356-0003 Ermatinger 25.59 MRO CBRL 31-May-2012 106566 0

Totals 62.14 ha $0

mining leases:


12

4


($) work

required

work

reserve

1 1174455 Harty 192 WMCL CBRL 06-Dec-2001 12-Apr-2014 A 4,800 0

2 1179646 Harty 96 WMCL CBRL 26-Nov-1996 02-Apr-2014 A 2,400 92



5 1203894 Hess 32 WMCL CBRL 25-May-1995 25-May-2014 A 800 0

6 1218245 Harty 64 WMCL CBRL 01-Dec-1997 08-Apr-2015 A 1,600 0

7 1223181 Hess 160 WMCL CBRL 26-Nov-1996 02-Apr-2014 A 4,000 57

8 1224157 Hess 240 WMCL CBRL 20-Apr-1998 20-Apr-2014 A 6,000 28

9 1229424 Hess 80 WMCL CBRL 10-Jun-1999 16-Oct-2014 A 2,000 474

10 1230272 Hess 96 WMCL CBRL 09-Mar-2000 15-Jul-2014 A 2,400 13,498

11 1230789 Harty 96 WMCL CBRL 22-Oct-1998 27-Feb-2015 A 2,400 0

12 1230847 Hess 16 WMCL CBRL 20-Apr-1998 20-Apr-2014 A 400 0

13 1231175 Hess 192 WMCL CBRL 09-Dec-1998 16-Apr-2014 A 4,800 0

14 1231176 Hess 256 WMCL CBRL 09-Dec-1998 16-Apr-2014 A 6,400 27

15 1231179 Hess 160 WMCL CBRL 09-Dec-1998 16-Apr-2014 A 4,000 27,799

16 1241361 Hess 192 WMCL CBRL 09-Mar-2000 15-Jul-2014 A 4,800 0

17 3002857 Hess 48 WMCL CBRL 02-Aug-2002 02-Aug-2014 A 1,200 8,198

18 3002858 Hess 96 WMCL CBRL 02-Aug-2002 02-Aug-2014 A 2,400 1,323

19 3004319 Hess 16 WMCL CBRL 11-Sep-2002 11-Sep-2014 A 400 0

20 4205043 Hess 32 WMCL CBRL 08-Sep-2005 08-Sep-2014 A 800 0

21 4255394 Harty 64 WMCL CBRL 31-Dec-2010 31-Dec-2014 A 1,600 0




2752 ha 68,800 $51,496Project totals

CBA Hessmining claims:

6


($) work

required

work

reserve

1 3017412 Levack 160 WMCL 18-May-2006 18-May-2012 A 4,000 298

160 ha 4,000 $298

mining claims:

Project totals

Daigle

7


($) work

required

work

reserve

1 1241797 Tyrone 256 WMCL 11-Feb-2009 11-Feb-2017 A 6,400 3,558

2 4212987 Tyrone 144 WMCL 11-Feb-2009 11-Feb-2016 A 3,600 0

400 ha 10,000 $3,558

Foy Nmining claims:

Project totals

8


($) work

required

work

reserve


2 3009422 Levack 224 WMCL 03-May-2004 03-May-2013 A 5,600 6,627

3 3009423 Levack 48 WMCL 03-May-2004 03-May-2012 A 1,200 2,054


608 ha 15,200 $8,681

mining claims:

Ruza

Project totals


13

9


($) work

required

work

reserve

1 1246165 Ermatinger 64 WMCL 09-Aug-2001 09-Aug-2012 A 1,600 0




5 3004868 Ermatinger 224 WMCL 28-Jul-2003 28-Jul-2012 A 5,600 0

6 4201305 Hart 240 WMCL 24-Jul-2006 24-Jul-2012 A 6,000 0

7 4206115 Hart 256 WMCL 19-May-2006 19-May-2012 A 6,400 0

8 4206116 Hart 64 WMCL 19-May-2006 19-May-2012 A 1,600 0

9 4245183 Ermatinger 112 WMCL 18-Nov-2010 18-Nov-2012 A 2,800 0

10 4255351 Totten 256 WMCL 12-Nov-2010 12-Nov-2012 A 6,400 0












22 4255388 Vernon 128 WMCL 31-Dec-2010 31-Dec-2012 A 3,200 0






28 4262273 Venturi 256 WMCL 29-Jul-2011 29-Jul-2013 A 6,400 0

29 4262274 Vernon 256 WMCL 29-Jul-2011 29-Jul-2013 A 6,400 0













42 4262287 Venturi 256 WMCL 09-Aug-2011 09-Aug-2013 A 6,400 0

9280 ha 232,000 $0

Ermatingermining claims:

Project totals

10


($) work

required

work

reserve

1 4212454 isolated Leinster 48 WMCL 12-Feb-2007 12-Feb-2014 A 1,200 0

2 4212458 Leinster 240 WMCL 12-Feb-2007 12-Feb-2013 A 6,000 0

3 4212461 Harty 48 WMCL 12-Feb-2007 12-Feb-2013 A 1,200 0

336 ha 8,400 $0Project totals

Hartymining claims:

11


($) work

required

work

reserve

1 1199058 Cascaden 112 WMCL 13-Mar-2002 13-Mar-2012 A 2,800 0



4 1229362 Cascaden 256 WMCL 29-Oct-1998 29-Oct-2012 A 6,400 0

5 1244715 Cascaden 160 WMCL 10-May-2000 10-May-2012 A 4,000 0

6 1244716 Cascaden 32 WMCL 10-May-2000 10-May-2012 A 800 0

7 1244717 Cascaden 112 WMCL 10-May-2000 10-May-2012 A 2,800 0

8 1244718 Ermatinger 176 WMCL 10-May-2000 10-May-2012 A 4,400 0

9 1244719 Ermatinger 144 WMCL 10-May-2000 10-May-2012 A 3,600 0


1392 ha 34,800 $0

mining claims:

Project totals

Ministic


14

12


($) work

required

work

reserve

1 4205093 adj to Pele Harty 32 WMCL 11-May-2006 11-May-2014 A 800 0

2 4205099 adj to Pele Harty 48 WMCL 11-May-2006 11-May-2014 A 1,200 0

80 ha 2,000 $0

North Range

Project totals

mining claims:

13


($) work

required

work

reserve

1 3005863 Foy 64 PMRI 13-Jun-2005 13-Jun-2012 WRP 1,600 0

2 3011523 Foy 176 PMRI 11-May-2005 11-May-2012 WRP 4,400 0

3 3011768 Foy 256 PMRI 11-May-2005 11-May-2012 WRP 6,400 978

4 3011847 Harty 208 PMRI 13-Jun-2005 13-Jun-2012 WRP 5,200 0

5 3016232 Harty 256 PMRI 13-Jun-2005 13-Jun-2012 WRP 6,400 14,735



8 3016235 Foy 256 PMRI 13-Jun-2005 13-Jun-2012 WRP 6,400 0

9 3017389 Harty 192 PMRI 08-Jul-2005 08-Jul-2012 WRP 4,800 0



12 3018762 Harty 224 PMRI 29-Aug-2005 29-Aug-2012 WRP 5,600 0








20 3018770 Harty 256 PMRI 29-Aug-2005 29-Aug-2012 WRP 6,400 19,897

21 3018771 Harty 256 PMRI 29-Aug-2005 29-Aug-2012 WRP 6,400 8,798

22 3018794 Harty 176 PMRI 06-Sep-2005 06-Sep-2012 WRP 4,400 0





5312 ha 132,800 $44,650

Pele JVmining claims:

Project totals

14


($) work

required

work

reserve

1 4205044 Harty 240 WMCL 24-Oct-2005 24-Oct-2013 A 6,000 0

240 ha 6,000 $0

mining claims:

Project totals

Levack North (Pele JV area of interest)

15


($) work

required

work

reserve

1 1225797 Morgan 144 WMCL 27-Jan-1999 27-Jan-2014 A 3,600 135

144 ha 3,600 $135

Rudy's Lakemining claims:

Project totals


15

4.1 UNDERLYING INTERESTS

4.1.1 CBA HESS

50% Wallbridge, 50% Champion Bear Resources Ltd.

Wallbridge is Operator.

Option and JV Agreement between Wallbridge and Champion Bear dated November

29, 2005.

o Consent Agreement between Wallbridge, Champion and Brady dated

September 30, 2010.

Underlying Agreements and amendments between Champion Bear, Richard Kantor

and John Brady dated September 3, 1998, and February 12, 1998.

o 2.5% NSR on some claims, 50% of which may be purchased for $1,000,000.

o 3% NSR on other claims, one third of which may be purchased for $1,500,000

o $4,720 semi-annual advanced royalty payment due to Brady.

o 400 metre radius area of mutual interest.

o If dropped, returned to Brady with ones year’s assessment in good standing.

4.1.2 CBA ERMATINGER

50% Wallbridge, 50% Champion Bear Resources Ltd.


Option and JV Agreement dated November 5, 2001, between Wallbridge and

Champion.

Underlying Agreements and amendments between Champion, Richard Kantor,

Harvey Wylie, John Brady, Ron Dumont, Ron Green and Cliff Hykin dated August 2,

2000, July 4, 2000, September 3, 1998, and February 12, 1998.

o 2% NSR on some claims, 50% of which may be purchased for $1,000,000.

o 2.5% NSR on other claims, 50% of which may be purchased for $1,500,000.

o $280 semi-annual advanced royalty payments due to Brady.

o If dropped, to be returned to Brady with one year’s assessment in good

standing.

4.1.3 FOY NORTH

The Foy North property was staked within the area of Interest of the Participation and

Joint Venture Agreement between Wallbridge and Crowflight Minerals Inc. (now

CaNickel Mining Limited) dated June 27, 2006, and amended by way of letters dated

May 13, 2009, and September 22, 2010.


16

CaNickel Mining Limited retains a back-in right to earn up to a 25% participating

interest in the Foy North claims by reimbursing in cash 50% of Wallbridge’s costs on

that property to the point at which an Indicated Resource is declared. If CaNickel does

not elect to earn a participating interest in such property, their interest shall revert to a

2.5 % Net Smelter Royalty, not to exceed a maximum cumulative total of $3.0M.

4.1.4 CARTIER

Option Agreement dated January 1, 2011, between Wallbridge Mining Company

Limited and Xstrata nickel.

Wallbridge to earn 100% interest by making the following payments:

o $50,000 on signing

o $50,000 on first anniversary (on or before January 1, 2012)

o $50,000 on second anniversary (on or before January 1, 2013)

Xstrata retains right of first refusal to designate the facilities at which all products are

processed.

If a Feasibility Study defines a deposit with proven and probable reserves plus

measured and indicated mineral resources containing greater than US$750,000,000 of

contained metal value, then Xstrata may elect to increase its interest in the property to

a 60% participating interest by funding the implementation of the Feasibility Study

until it incurs 200% of Wallbridge’s total Expenditures. The following metal prices in

US$ will be used to determine the contained metal value of the Reserve and

Resources:

Nickel $4.50

Copper $1.00

Cobalt $15.00

Platinum $700.00

Palladium $200.00

Gold $400.00

4.1.5 PELE


62.9% Wallbridge, 38.1% Pele.

Joint Venture Agreement between Wallbridge and Pele Mountain Resources dated

January 1, 2010.

Quarterly non-interpretative reporting with statement of expenditures due to Pele.

Minimum $200,000 Programs.


17

Subject to the Lonmin North Range Subscription Agreement

4.1.6 LEVACK NORTH

The Levack North property is subject to the Pele Joint Venture.

4.1.7 RUZA LEVACK

100% Wallbridge

Subject to a 2% NSR (1/3 each to Ruza Resources Ltd., Dan Patrie and Don Whorley)

with a 50% buy-back for $500,000.

4.1.8 DAIGLE

100% Wallbridge

Subject to a 2% NSR with a 50% buy-back for $750,000.


18

5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND

PHYSIOGRAPHY

The North Range properties are accessible by secondary roads, logging roads and ATV trails that

branch east and west off Highway 144. Secondary roads and logging roads branching north off

Highway 17 west of Sudbury provided 4x4 vehicle access to the south west corner of the

Ermatinger Property. A 4x4 vehicle can be driven to within 300 meters of all North Range

properties.

The area has a moderate continental climate and temperatures average 24.8 C in summer and –

8.4 C in winter. Annual precipitation averages 62.2cm of rain and 247.5cm of snow.

Exploration work can be carried out year round.

The Regional Municipality of Sudbury is a major centre in Northeastern Ontario with a

population of about 166,000. Mining in Sudbury has been active for over 125 years. As home to

both Vale (INCO) and Xstrata (Falconbridge), the Sudbury area is the western world's largest

producer of nickel and the location of the largest fully integrated mining complex in the world.

Over 300 companies involved in mining related activities offer expertise covering all areas of

exploration, mining and environmental rehabilitation.

There is currently an excess of milling and smelting capacity in the Sudbury area. As such, a

ready market exists for products from any operation resulting from a discovery in Sudbury.

There are also ample supplies of both water and power to support any future mining operation.

6 HISTORY

A summary of the work history on each property is included in the project by project summaries

in Appendix A.


19

7 GEOLOGICAL SETTING AND MINERALIZATION

7.1 SUDBURY GEOLOGY

The Sudbury area hosts one of the most prolific Ni-Cu-PGE mining camps in the world. The

deposits occur within and adjacent to the Sudbury Structure that formed as a result of a major

Early Proterozoic meteorite impact 1,850 million years ago (Ma). The Sudbury Structure

straddles the unconformity between Archean gneisses and plutons of the Superior Province and

overlying Paleoproterozoic Huronian supracrustal rocks of the Southern Province. It is

geographically divided into the North, South, and East Ranges and comprises four geologic

domains:

1. The Sudbury Igneous Complex (SIC) occurs as a 60 km x 27 km elliptical bowl-shaped

body that formed from a meteorite impact melt sheet. It consists of a basal xenolithic

norite breccia (contact sublayer) overlain by norite, quartz-gabbro and granophyre and

historically has been referred to as the "Nickel-Bearing Irruptive", the "Sudbury Nickel

Irruptive" and the "Nickel Irruptive".

2. Concentric and radial dykes of diorite, granodiorite, and quartz diorite (offset dykes).

3. The footwall to the SIC contains a zone, up to 80 km wide, of Archean and Proterozoic

rocks that are fractured, brecciated (Sudbury breccia), and locally partially melted (e.g.

Late Granite Breccia) or recrystallized due to the meteorite impact and subsequent

emplacement of the SIC.

4. The SIC is overlain by the Whitewater Group, comprising “fall-back” super-crustal

breccia of the Onaping Formation and the overlying basin-fill sedimentary rocks of the

Onwatin and Chelmsford Formations.

Recent Offset Dyke deposit discoveries in Sudbury include Vale’s Inco Kelly Lake Deposit,

Vale’s Inco Totten Deposit, QuadraFNX’s Victoria Deposit, the Wallbridge-Lonmin JV’s Trill

Offset Sulfide Lens, and the Wallbridge-Implats Parkin JV’s 1500 Zone.


20

7.2 PROPERTY GEOLOGY AND MINERALIZATION

The Properties occur in the North Range footwall to the Sudbury Structure and are largely

underlain by granitoids and gneisses of the Archean Cartier Batholith and cross-cutting

Matachewan diabase dykes and pyroxenite dykes. These are unconformably overlain by Early

Proterozoic Huronian metasediments. All rocks are cut by younger Proterozoic Nipissing

diabase dykes, offset dykes and Sudbury breccia structures of the Sudbury Structure and the

younger Sudbury Swarm olivine diabase.

A detailed summary of property geology and mineralization are included in the project by project

summaries in Appendix A.

8 DEPOSIT TYPES

Sudbury is one of the most significant mining districts in the world and accounts for ~4% of

global production of platinum group metals and ~10% of global production of nickel. Historical

production over the past 125 years plus current reserves in Sudbury have been estimated at

approximately 1.6 billion tonnes of ore containing over 60 million ounces of platinum group

metals plus gold, over 40 billion pounds of nickel and over 35 billion pounds of copper

(Eckstrand and Hulbert, 2007; Ames and Farrow, 2007, Lightfoot and Farrow, 2002)

There are three main types of mineral deposits in the Sudbury area:

4. Contact deposits, along the lower contact of the SIC, both within the contact sublayer and

within the immediately adjacent Footwall Breccia.

5. Footwall deposits, in the footwall rocks themselves, often associated with zones of

pseudotachyllite and associated melt rock.

6. Offset dyke deposits, associated with offset dykes.

The North Range Project was conceived to explore for the following PGE, copper and nickel

targets in the North Range footwall to the Sudbury Basin:

Buried thrust slices of SIC at reasonable depths beneath portions of the footwall beyond

the currently mapped limits of the SIC.

Offset dykes with massive to disseminated Ni-Cu-PGE mineralization.


21

Footwall copper-PGE deposits within belts of Sudbury breccia related to possible crater

collapse structures.

Airborne, ground and borehole magnetic and electromagnetic surveys are an important and

widely used tool for direct detection of electrically conductive nickel, copper and platinum group

metal mineralized sulfide.

9 EXPLORATION

In 2007, a phased $3.88 M exploration program was originally envisioned for the North Range

Project. At the time of the Lonmin private placement, regional geophysical coverage and

preliminary mapping had identified a number of unexplained magnetic and structural features

with potential to represent one of the target types described previously. Much of the area had

never been mapped with any detail and $750,000 was originally budgeted for geological

fieldwork to confirm and/or identify favourable geological targets. This anticipated 76 crew

weeks of geological mapping, prospecting and interpretation. Follow up programs of focussed

geophysics totalling $1,100,000 were envisioned to explore the highest priority geological

targets for sulfide mineralization and to develop sulfide drill targets for testing. Provision was

made for about 10,800 metres of diamond drill testing of appropriate targets.

From June 2007 to November 30, 2011, Wallbridge incurred expenditures of $3,861,427 to

complete:

97 square kilometres of geological mapping

mechanical trenching/stripping in 18 places

2820 line kilometres of airborne magnetic and electromagnetic surveys on 5 grids;

126.4 line kilometres of ground resistivity/IP surveys on 3 grids;

71 line kilometres of ground electromagnetic surveys on 3 grids.

And 4,701 metres drilling in 28 drill holes.

A summary of work completed and results are included in the project by project summaries in

Appendix A.


22

Figure 2: Detailed mapping and geophysical surveys completed to November 30, 2011.


23

10 DRILLING

A summary of drilling and results are included in the project by project summaries in Appendix

A.

11 SAMPLE PREPARATION, ANALYSES, AND SECURITY

All Wallbridge staff members are trained on the importance of sample security and integrity.

Grab samples and representative splits are described, bagged, and assigned a sample number in

the field, brought to the Wallbridge office in Lively, Ontario, and then transported to the ALS

Minerals sample preparation laboratory in Sudbury, Ontario. Representative sample splits are

stored, either permanently or temporarily, for future reference at the Wallbridge head office in

Lively, Ontario.

Field samples were taken of outcrops with visible sulfides or strong epidote, amphibole, chlorite,

or hematite alteration or signs of SIC-related partial melting. Representative samples of Sudbury

breccia matrix were taken for TPM (fire assay, ICP-AES), ICP-MS and Cl and F analyses, and

thin sections were made to determine the degree of thermal metamorphism and alteration of the

breccia. Any rock that was suspected to be quartz diorite, or was suspected to be the cause of

any geophysical anomaly was sampled and sent for whole rock and REE analysis in addition to

Wallbridge’s standard ICP-MS and TPM (fire assay, ICP-AES) analytical methods. Samples

and representatives were numbered and bagged in the field, sample locations were recorded

using a Garmin Etrex Legend GPS, and a metal tag with the sample number was left at the site.

Sample sites also were flagged, with the sample number written on the flag.

Drill core sampling was controlled by lithology, alteration or visible mineralization, with a

maximum sample length of 1.5m. All Sudbury breccia and quartz diorite was sampled. Diabase

was sampled to provide background values and to build a database of geochemical data that

could be used to differentiate this rock type from quartz diorite. All drill core samples were split

with a diamond saw. Half of the core was submitted to the lab for analysis and the other half

was retained as a representative sample or for possible re-sampling. Every effort was taken to

ensure that the sample sent to the lab was representative of the entire section of core; however,


24

due to nugget effects and the heterogeneity that is common with this type of PGE mineralization,

it is not guaranteed that an assay could be repeated.

During the drilling program, core samples are transported from the field to the Wallbridge head

office by company personnel. Cores are logged and sample intervals are marked by Wallbridge

geologists. Cores were halved using a water cooled diamond saw that is cleaned regularly to

avoid sample to sample contamination. Half of the core was submitted to the lab for analysis and

the other half was retained on outdoor, roofed core racks at the Wallbridge head office at 129

Fielding Road, Lively, Ontario as a representative sample or for possible re-sampling. Every

effort was taken to ensure that the sample sent to the lab was representative of the entire section

of core; however, due to nugget effects and the heterogeneity that is common with this type of

mineralization, it is not guaranteed that an assay could be repeated. Representative splits from

grab samples and un-sampled half-cores are also placed in permanent storage for future reference

at the Wallbridge head office in Lively, Ontario.

All samples are sealed (stapled) in individual, labelled plastic bags with a sample tag. If a thin

section was requested, a portion of the sample is cut from the grab sample at the same time.

Blind standards (LDI-3 STD) and field blanks are submitted at least every twentieth sample, or

as the last samples to be submitted in a batch. The sample book used to track the samples has

four partitions with the sample number on each tag. One tag goes with the geological reference,

on with the lab sample, one with the thin section and the remaining part of the tag book is stored

at the Wallbridge Office in Lively, Ontario.

Since January, 2005, samples have been sent to ALS Minerals, an ISO 9001:2008 and ISO/IEC

17025:2005 certified service provider, for geochemical analyses. Before December, 2005,

samples were shipped to the ALS Minerals sample preparation facility in Toronto by an

independent trucking company.

At ALS Minerals, samples were checked against requisition documents prior to being dried,

weighed, crushed to ≥70% passing 2mm and split to 250 gram fractions using a Jones riffle and

pulverized split to ≥85% passing 75 micron and then transported by ALS Minerals to their


25

analytical facilities in Vancouver, British Columbia. In 2011, Wallbridge began adopting the use

of 1kg splits to improve compositional representation for some sampling.

Samples are analyzed for gold, platinum, and palladium by standard lead collection fire assay

fusion followed by a combination of inductively coupled plasma mass spectrometry (ICP-MS)

and atomic emission spectrometry (ICP-AES). Samples are also analyzed for 48 base metals and

trace elements using a four acid (HNO3-HCIO4-HF and HCI) near total digestion and a

combination of ICP-MS and ICP-AES. ICP-MS overlimits are re-analyzed using HF-HNO3-

HClO4 acid digestion, HCl leach and ICP-AES. In the event of higher grade mineralization, the

preference is to analyze sample groups by submitting the samples directly for analytical methods

described for overlimits. These analytical methods, also referred to as High Grade/Ores

Methods, are comprised of HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES. In

addition to High Grade/Ores Methods, sulphur is analyzed using Total Sulphur by LECO to

accommodate the anticipated higher sulphur levels.

Selected samples are subjected to whole rock and rare earth element (REE) analysis. These

samples are subjected to Lithium Borate fusion with ICP-AES for oxides, and Lithium

Metaborate fusion with ICP-MS for trace and rare earth element evaluation.

Selected samples of Sudbury breccia matrix are analyzed for chlorine and fluorine using KOH

fusion specific ion electrode (ELE81A) and Neutron Activation (NAA-06) procedures.

ALS Minerals has a rigorous internal security and client confidentiality policy; details are

available through their website: www.alsglobal.com.

ALS Minerals provides assay results to the Wallbridge Assay Manager, and, in turn is sent to the

project geologist via email.

Prior to the 2005 exploration season, core and grab samples were analyzed by SGS Mineral

Services, an ISO 9000 certified, geochemical exploration and research analysis facility which

maintains a sample preparation lab in Sudbury. Samples sent to them were routinely dried,


26

crushed, riffle split, and pulverized to produce 250 gram 85% -75 micron assay grade pulps.

These pulps were subsequently transported to SGS analytical facilities in Rouyn-Noranda, PQ,

for platinum group element analyses by fire assay, and to Toronto for ICP multi-element

geochemical analysis.

SGS analyzed the submitted samples for platinum group metals using a nominal 30 gram trace

level fire assay lead collection procedure with ICP finish. Over-limit samples were subjected to

an ore grade fire assay gravimetric analysis method. Base metal assaying was done in their

Toronto laboratory using a combination of multi-acid digestion (ICP-40B) and ICP-MS methods

to produce a 32 element suite of base metal and background results. Over-limit samples from the

ICM40B method for Cu, Ni, and Co were treated to dedicated analysis using a sodium peroxide

fusion ICP - resource definition procedure. Silver and sulfur values were determined by aqua-

regia digest, AA finish, and LECO titration methods.

12 DATA VERIFICATION

A blind standard (LDI-3 STD) is submitted at least every twentieth sample, or as the last sample

to be submitted in a batch. Blanks from un-mineralized quartzite were also submitted in

sequence following the standard and potentially high grade samples to check for contamination

during the sample preparation. LDI-3 is a non-certified standard supplied by North American

Palladium Ltd. It comprises high grade gabbro collected in 2001 at the Lac des Iles PGE

deposit, located 85km north of Thunder Bay Ontario. Provisional compositional data for it is

provided by the Ontario Geoscience Laboratories.

ALS Minerals has accreditation to ISO 9001:2000 standards and completes a rigorous internal

quality-assurance, quality control assessment prior to releasing the finalized analytical results

with a certificate. Details are available on their website: www.alsglobal.com

An initial visual inspection of the Wallbridge submitted standard and blank data included or

related to this report has been made. If there had been a discrepancy between the measured and

reported values of the standard and blank samples then the lab would have been contacted. The

results of the Wallbridge quality control analyses done by ALS Minerals for drill core samples


27

are stored in the drill core database and those from the field samples are stored in the report

database. ALS Minerals also supplies their internal QC data which consists of standards, blanks

and duplicates; Wallbridge stores these in certificate form.

13 MINERAL PROCESSING AND METALLURGICAL TESTING

There has been no mineral processing or metallurgical testing completed on any of the

mineralized zones on the properties.

14 MINERAL RESOURCE ESTIMATES

No estimates of mineral resources have been prepared for mineralization on any of the properties.

15 ADJACENT PROPERTIES

Despite the long history of production, significant discoveries continue to be made in Sudbury.

For example, in 2001 Xstrata discovered the Nickel Rim South mine which includes contact and

footwall deposits with combine measured, indicated and inferred resource of over 18 million

tonnes containing 1.4 % nickel, 2.7 % copper, 1.7 g/t platinum and 1.8 g/t palladium. More

recently, Quadra FNX announced an inferred resource for their Victoria discovery including 12.5

million tonnes averaging 2.3% copper, 2.2% nickel, 3.2 g/t platinum, 4.3 g/t palladium and 1 g/t

gold.

Media reports project that over $ 107 million will be spent on mineral exploration in the Sudbury

basin in 2011. The majority of this is directed towards copper-nickel-PGE footwall and Offset

targets.

While the information regarding adjacent properties is believed accurate, NI 43-101 requires the

author state that he has been unable to verify the information. Information regarding adjacent

properties is not necessarily indicative of mineralization on the Property.

16 OTHER RELEVANT DATA AND INFORMATION

There is no other relevant data or information that the author is aware of that should be included

in this report.


28

17 INTERPRETATION AND CONCLUSIONS

In terms of metal endowment, infrastructure, community support and regulatory stability,

Sudbury is the most attractive place in the world to explore for and develop large-scale copper,

nickel and PGE mining projects. Despite over 125 years of mining in the Sudbury area, very large

and high grade deposits continue to be discovered.

Geological mapping and prospecting has been successful in identifying and delineating several

large Sudbury breccia structures with a combined strike length of approximately 37 kilometres,

several new Offset dykes with a combined strike length of 17.5 kilometres and a 29 km

extension to the Hess Offset dyke in a previously unexplored area.

Follow-up airborne magnetic and electromagnetic surveys and ground IP/resistivity and

electromagnetic surveys have been completed on some, but not all, of the geological targets

identified.

The North Range project is a very large project at an early stage of exploration. Work to date

has been very successful in expanding the search space of favourable geology in Sudbury and it

remains to systematically test the potential for economic mineralization.

The following includes a brief summary of highlights from the recent work on the North Range.

Detailed discussion is included in the property by property summary in Appendix A.

Hess Offset Dyke and Splays

The Hess Offset dyke has been traced for 34.8 km across the North Range properties from the

Foy North property in the Northeast, across Hess CBA, Pele Mountain, Cartier, Cascaden North

and Ermatinger properties. Another 10.7 km strike length is likely on the Ermatinger property

but yet to be delineated. With less than 1% exposure along the length of the dyke and very

limited shallow drilling, the structure remains mostly unexplored.

Historical work on the Hess Offset dyke where it occurs on Vale’s adjacent Rivers Option

property illustrates the potential for the dyke to host economically interesting grades. Reports

from past drilling there describe about 20,900 Tonnes grading 0.82% Cu and 1.45% Ni and

intersections of up to 2.54g/t TPM over 7.25 metres.

Offset dyke deposits in Sudbury occur associated with inclusion bearing phases of quartz diorite

within structural traps controlled by pinches, splays, or bends in the dykes, often where they cut


29

through large mafic bodies. Many of these structural traps have been recognized along the Hess

Offset dyke in the North Range, though none have been thoroughly tested.

Cascaden Offset Dyke

The radial Cascaden Offset dyke was discovered in 2008. It has since been mapped over six

kilometres across the Cascaden North property and another six kilometres strike length towards

the Sudbury Igneous Complex is interpreted but not confirmed in the field. With less than 1%

exposure along the length of the dyke and no drilling, the dyke has not been tested.

The interpreted six kilometre strike portion of the dyke includes four kilometres are interpreted

crossing the Cascaden North property, two kilometre interpreted crossing the Cascaden SCJV

property, and one kilometre interpreted crossing the Windy Lake SCJV property where it is

interpreted to be rooted in a Embayment structure beneath Tower Bay on the Windy Lake SCJV

property.

Pele Offset Dykes

Three radial SIC Offset dykes have been discovered within two kilometres of each other on the

Pele Mountain and Harty property. The combined strike length of the dykes on these properties

is 10 kilometre. These Offset dykes have similar geochemistry as the un-mineralized Quartz

Gabbro and Granophyre layer of the SIC while typical Sudbury Offset dykes have similar

geochemistry as the mineralized Norite. The origin and mode of emplacement of mineralization

in Offset dykes is not well understood and their occurrence may have large scale implications to

geological models for the Sudbury structure. The three dykes are not well explored.

Pele Breccia Belt

The Pele Breccia Belt includes an eight kilometre long concentric Sudbury breccia structure

mapped across the southern third of the Pele property and extending onto the Cartier property. It

forms an anastomosing unit, pinching and swelling (as wide as 300m) similar to other

occurrences of Sudbury breccia in the Sudbury basin and may represent the major concentric

faults along which the transient Sudbury impact crater is hypothesized to have collapsed.

Selected samples of the breccia from the Pele Breccia Belt contained weakly anomalous

concentrations of Pt and Pd (PGE), and pathfinder elements similar to enrichments encountered


30

in breccias that host Cu-PGE mineralization at Xstrata’s Strathcona Mine and FNX’s McCreedy

West Mine in the Levack Trough about five to eight kilometres to the south.

North Range Breccia Belt

The North Range Breccia Belt includes a 29 kilometre long curvilinear Sudbury breccia structure

that is up to 200 metres wide and forms a continuous topographic and magnetic lineament that

extends from the Trillabelle Embayment in the southwest to the prolific Levack Embayment in

the northeast. It extends across the Cascaden North, Cartier and Ministic North Range properties

and the adjacent Trill and Cascaden SCJV properties. The North Range Breccia Belt may

represent a similar structural setting as the South Range Breccia Belt, which host the world class

Frood-Stobie deposit. Both have significant strike lengths and width hinting at their significance

as major zone of weakness and permeability which was active during the formation of the SIC.

New Mafic/Ultramafic Suites

Mapping for the North Range Project has outlined a combined 7.5 kilometre strike length of a

new pyroxenite dyke swarm on the Ermatinger, Ermatinger CBA and Cascaden North properties.

These dyke swarms are not previously documented in the Sudbury area and neither their origin,

age, depth extent, flow direction, overall dip are known. However, a number of observations

suggest these may be part of a larger magmatic system with economic Ni-Cu-PGE potential.

Cu/Zn >1, depleted PGE’s, sulphurous host rocks, high SiO2 concentrations suggest the dykes

reached sulphur saturation. If this is the case, the high concentration of Ni (up to 1200ppm) in

the silicate suggests the sulfides could have high Ni tenor given the right conditions.

As well, the pyroxenite has multiple phases, suggesting they are part of a larger magma chamber

at depth, and there is evidence of Ni depletion along the dyke. The pyroxenite also strongly

resembles inclusions in contact sublayer hosted ore deposits on the north range.

The pyroxenite appears to record at least two pulses of magma. One of which is a low Al2O3

and normal tholeiitic-type which is similar to the Bushveld, Great dyke and Stillwater intrusions

(Naldrett 2010). This could reflect recharging of the magmatic system, thus increasing the R-

factor and potentially creating higher tenor values in any potential sulfide accumulations.


31

Figure 3: North Range Compilation Map


32

18 RECOMMENDATIONS

Significant further work is recommended to fully explore the Properties potential for

mineable nickel, copper and platinum group element mineralization. An $11.1 million

program including drilling, geophysics and geological mapping is recommended to be

completed over the course of several years.

Table 3 provides a summary of recommendations for the Project. Recommendations are

discussed in detail in the project by project summaries in Appendix A.


33

Table 3: Summary of Recommendations

Project Target Drilling (m)

Mapping

(weeks) Cost Sub Total

1 Cartier Surface EM over 2.7km of the Hess Offset 91,000

2 Cartier Drilling test EM targets generated 1,000 200,000

3 Cartier Trenching to try to expose primary EM targets below overburden 50,000

4 Cartier Mapping and prospecting potential QD, EM targets and mag features 120,000

5 Cartier Drilling Primary EM target not explained by prospecting or trenching 1,000 200,000 661,000

6 Cascaden North Drilling - Hess Cascaden Intersection 500 100,000

7 Cascaden North Surface EM over the 1.5km strike of the Hess Offset 48,750

8 Cascaden North AEM- Cascaden and Pyroxenite dykes 90,000

9 Cascaden North Mapping- Cascaden Offset 4 30,000

10 Cascaden North Mapping Pyroxenite 4 30,000

11 Cascaden North Surface EM over the Cascaden Offset 325,000

12 Cascaden North Drilling of identified targets 1,000 200,000

13 Cascaden North Surface EM over the Pyroxenite 48,750

14 Cascaden North Drilling of identified targets 500 100,000

15 Cascaden North Gravity-Over the property 100,000

16 Cascaden North Mapping 4 30,000 1,102,500

17 Foy North Surface EM to test the 2.3km of the Offset 71,500

18 Foy North Drilling Em targets generated 500 100,000

19 Foy North Drilling deep hole at the Foy/Hess Intersection with RIM 4,500 675,000

20 Foy North Mapping northern Block 1 7,500 854,000

21 Ermatinger Mapping extension of the Hess Offset 8 60,000

22 Ermatinger Drilling EM targets EM targets outlined by the VTEM 500 110,000

23 Ermatinger Trenching along dyke trend 35,250

24 Ermatinger Definition Drilling to confirm location of Hess Offset 5,000 1,000,000

25 Ermatinger Surface EM over Hess Offset 650,000

26 Ermatinger Drilling of identified targets 2,000 400,000

27 Ermatinger Mapping and beep mat propsecting EM anomalies generated by the VTEM 8 60,000

28 Ermatinger Trenching EM anomalies generated by the VTEM 3 35,000

29 Ermatinger Mapping for the extension of the Ministic and Trill Offset Dykes 8 60,000

30 Ermatinger Deep bore holes targeting favourable geologoical environments 5,000 1,000,000 3,410,250

31 Ermatinger CBA Trenching unexplained IP and mag highs 2 30,000

32 Ermatinger CBA Mapping and prospecting along pyroxenite and Offset Dyke 6 54,000

33 Ermatinger CBA Drilling of Ip targets on the margin of the Pyroxenite 800 160,000

34 Ermatinger CBA Surface Em over the 5.1 km strike length of the Ministic 154,000

35 Ermatinger CBA Surface EM over the 5 km outlined Pyroxenite 143,000

36 Ermatinger CBA Drilling of EM targets 1,000 200,000

37 Ermatinger CBA Mapping unmapped property 8 60,000

38 Ermatinger CBA 3D modeling of Magnetic data 2 15,000

39 Ermatinger CBA Gravity 9,000 825,000

40 Harty Mapping the remainder of the property 1 7,500

41 Harty Surface EM along the Qtz Gabbro 35,750

42 Harty Drill test deep mineralizatio n 3,000 525,000

43 Hess Drilling InfiniTEM 550 51,250

44 Hess Mapping 4 18,250 637,750

45 Hess Drilling Termination 1,200 240,000

46 Hess In fill Surface EM 227,500

47 Hess drilling of responses, with follow-up geophysics 1,000 200,000

48 Hess Drilling SW corner 500 75,000 742,500

49 Ministic Surface EM along 2.1 km Ministic Offset segment 30,250

50 Ministic Mapping along the Lobster Claw peninsula and the peninsula to north 2 15,000

51 Ministic Drilling of geophysical anomalies 1,000 150,000

52 Ministic Drilling Deep hole drill hole 6,000 900,000 1,095,250

53 Pele Drilling-Intersection of two splays at depth 1,000 175,000

54 Pele Mapping 8 60,000

55 Pele In fill Surface EM 78,000

56 Pele Drill anomalies 1,000 150,000

57 Pele Drilling deep drillhole along Hess 7,200 1,080,000 1,543,000

58 Rudy's Lake Surface EM 80,000

59 Rudy's Lake Drilling 1,000 160,000 240,000

60 Rusa/Daigle Mapping 3 22,500

61 Rusa/Daigle Drill EM 35,000 57,500

Total 46,750 76 11,168,750


34

APPENDIX A

Appended.


35

DATE AND SIGNATURE PAGE

To Accompany the Report entitled

“TECHNICAL REPORT ON THE NORTH RANGE PROPERTIES,

SUDBURY, ONTARIO”

For Wallbridge Mining Company Limited

Effective December 31, 2011

I, Joshua Bailey, M.Sc., P.Geo, residing at 90 Wembley Drive, Sudbury, Ontario P3E 1M8 do hereby

certify that:

I am currently employed as Vice President of Corporate Development with Wallbridge Mining

Company Limited. As an employee of Wallbridge Mining, I do not qualify as an independent

Qualified Person.

I am primarily responsible for all sections of this report and have most recently visited the

Property in February 2011.

I am a Qualified Person as defined in National Instrument 43-101.

I am a member in good standing of the Association of Professional Geoscientists of Ontario

(#1512).

I graduated from Laurentian University 2004 with a M.Sc. in Earth Science, and have been

practicing my profession continuously since that time.

I have experience working in the Sudbury area. My M.Sc. thesis project was completed at Thayer

Lindsley Mine in Sudbury from 2002-2004. From 2004 to the present I have worked continuously

with Wallbridge conducting exploration in Sudbury, Northeastern Ontario, British Columbia and

Nunavut.

I am not aware of any material fact or change with respect to the subject matter of this technical

report which is not reflected in the technical report effective December 31, 2011. Exploration of

the property is ongoing and an updated technical report may be prepared in the future.

This technical report has been prepared by me for use in conjunction with Wallbridge’s Annual

Information Form (AIF) and other corporate purposes.

I have read National Instrument 43-101 and Form 43-101F1. This technical report has been

prepared in compliance with those documents.

Joshua Bailey, M.Sc. P.Geo.

This 29 day of March 2012.


APPENDIX A Page 1

CONTENTS:

O CARTIER ............................................................................................................................................................ 1

O CASCADEN NORTH ............................................................................................................................................ 5

O DAIGLE LEVACK ............................................................................................................................................. 13

O ERMATINGER .................................................................................................................................................. 16

O ERMATINGER CBA ......................................................................................................................................... 20

O HARTY ............................................................................................................................................................. 26

O HESS CBA ...................................................................................................................................................... 28

O MINISTIC......................................................................................................................................................... 33

O PELE JV .......................................................................................................................................................... 36

O RUDY’S LAKE .................................................................................................................................................. 41

O RUZA LEVACK ................................................................................................................................................ 45

o Cartier

PROPERTY OWNERSHIP AND DESCRIPTION

Ownership: Wallbridge option to earn 100% from Xstrata

Area: 10368 hectares

Title: 56 Unpatented Mining Claims

RELEVANT PREVIOUS WORK

1985: Airborne Dighem III survey

2005: Falconbridge – mapping including the collection of 25 samples

2008: Xstrata and Impala Platinum Holding Ltd. - 1307 line km VTEM

Reconnaissance geological mapping and prospecting; 981 samples

WORK CARRIED OUT BY WALLBRIDGE

2011: Property acquired. Revisited 33 of 49 historic samples sites suspected to be QD

and beep mat prospected and mapped 14 VTEM anomalies delineated by the previous

exploration company, explaining six. 125 samples

DISCUSSION OF RESULTS

Prior to the 2011 field season, Wallbridge reviewed the geochemical data from Impala’s samples

looking for potential Offset dyke quartz diorite. The Impala samples were not analysed for SiO2


APPENDIX A Page 2

and were only analysed for a few REE elements making it difficult to discriminate between SIC

and non-SIC lithologies. Sr and V values were found to be fairly consistent in Offset dyke

samples collected elsewhere in the North Range and were available in the Impala assay data. 49

of the 981 samples had similar Sr and V as Offset dykes.

During the 2011, 33 of the 49 possible QD sample sites were mapped and prospected by

Wallbridge. Two of the 33 samples sites were confirmed to be part of concentric Offset dykes.

One from an outcrop of the extension of the Hess Offset dyke and the other a 2-5 meter wide

concentric Offset dyke 500 meters south of the Hess Offset trend. Subsequent mapping on the

property delineate a 2.7 kilometer strike length of the Hess Offset dyke and a 300 meter strike

length of the second 2-5 meter wide concentric Offset dyke.

Prior to Wallbridge option Xstrata completed a 1307 km VTEM survey. Consulting geophysicist

Martin St. Pierre reviewed the VTEM data and outlined 14 weak to moderate EM anomalies.

With the aid of a beep mat Wallbridge field crews were able to locate and explain six of the 14

primary VTEM anomalies. The explanations were either pyrite mineralization in the gneiss or a

culvert. Three of the eight unexplained anomalies do not appear to be hosted in Levack gneiss

and therefore are less likely to be Archean sulfides in gneiss and are thus more appealing.

EXPLORATION POTENTIAL

The Cartier property occurs in the footwall to Onaping-Levack which is one of the richest areas

of the Sudbury basin with a greater than 290 Mt endowment of contact and footwall style ore.

Radial Offset dykes emanating from mineralized portions of the SIC are also a very productive

geological environment in Sudbury. Discovery of an Offset dyke radiating from the Onaping-

Levack area would be very significant.

The Cartier property also includes 3 kilometres of the Hess Offset dyke which has only been

observed in sparse outcrops along it strike length. Airborne EM precludes any significant sulfide

mineralization in the very near surface, but below 200 metres the structure is unexplored.

The Cartier property also includes part of the North Range Breccia belt which radiates obliquely

from the Levack Embayment and may represent a similar geological environment as Vale’s Frood-Stobie

Mine and Quadra-FNX’s recent Victoria discovery, both of which contain very significant PGE’s.


APPENDIX A Page 3

Finally, the majority of the property has never been mapped in detail and there are eight unexplained

weak to moderate EM anomalies and numerous other subtle EM responses.

PROPOSED WORK

Map and prospect around remaining 16 historic samples suspected to be QD

Trench the sight of the unexplained VTEM anomalies believed to be hosted bedrock.

Map and beep mat the near noise level/questionable VTEM EM responses.

Map unexplained magnetic and topographic lineaments which are concentric and radial to the

SIC contact.

Conduct ground EM along strike length of the Hess Offset dyke to explore for large highly

conductive bodies of mineralization to at least 400m depth


APPENDIX A Page 4

Figure 1: Cartier Compilation


APPENDIX A Page 5

o Cascaden North


Ownership: 100% Wallbridge

Area: 7,808 hectares



There has been no relevant previous work completed on the Cascaden North property.


2006: Cascaden North was staked in February

2007: Limited mapping; collected 20 samples (all Sudbury breccia), Line cutting (10.2

line km)

2008: Mapping and prospecting, including 126 samples, Titan 24 DCIP/MT survey (10.2

line km), 3D inversion of Titan data

2009: Mapping and prospecting, including the collection of 34 samples, Limited ground

magnetic survey, U-Pb geochronology confirmed SIC-related age of dyke Pb-Pb isotopes

2010: mapping and prospecting, including the collection of 69 samples, Stripping of three

locations to determine the extent of the dyke

2011: 80 km VTEM plus survey with vertical and horizontal magnetic gradiometer


Wallbridge mapping on Cascaden North has outlined a new Breccia structure now named the

North Range Breccia Belt, a new Offset dyke, a 1.5 km strike extension of the Hess Offset dyke,

and a pyroxenite dyke that may form part of a broader potentially mineralized magmatic system.

2007 and 2008 mapping outlined a 6.8 km long segment of a Sudbury breccia belt along a

magnetic and topographic low. It is interpreted to be part of the Sudbury breccia structure that

that extends from the Trillabelle Embayment in the southwest to the prolific Levack Embayment

in the northeast. This 29 kilometer long structure is significant and supports Wallbridge’s North

Range Concept of concentric belts of Sudbury breccia in the footwall to the SIC. This North

Range Breccia Belt may represent a similar structural setting as the South Range Breccia Belt,

which host the world class Frood-Stobie deposit. Both have significant strike lengths and width


APPENDIX A Page 6

hinting at their significance as major zone of weakness and permeability which was active during

the formation of the SIC and formation of the nickel, copper and PGE deposits.

The Cascaden Offset dyke is a new radial Offset dyke discovered in 2008 and confirmed by Pb-

Pb isotopic analysis and whole rock geochemistry. On the Cascaden North property six

kilometers of the dyke have been delineated to within six kilometers of the Sudbury Igneous

Complex. There is an additional four kilometer strike length possible on the property. One

peculiarity of the portion of the dyke that has been delineated is the higher concentrations of

phosphorus, titanium, oxides and alteration when compared to other radial Offset dykes.

However, this may be related to the distance the sampled portion of the dyke is from the SIC

contact.

Extrapolation from mapping of the Hess Offset dyke on the North Range properties Cartier and

Ermatinger indicates a 1.5 km strike length of the Hess Offset dyke crosses the northwest corner

of the Cascaden North property. There is no exposure of the Hess Offset on the property because

the trend is covered by lakes and swamps. Airborne geophysics indicates there is a magnetic high

coincident with the Hess Offset trend’s intersection with the Cascaden Offset.

Mapping on the property also delineated a 1.5 kilometer strike length of a 15m wide mafic-

ultramafic pyroxenite dyke. Very little is known about the pyroxenite, including origin, age,

depth extent, flow direction, overall dip and whether it is mineralized. However Cu/Zn >1,

missing PGE’s, sulfur in the area and the high SiO2 concentration suggest the pyroxenite

intrusion had reached sulfur saturation. If this is the case, the high concentration of Ni (up to

1200ppm) and depleted PGE’s in the silicate suggests that any potential sulfides in the system

could have high Ni tenor and PGE content, given the right conditions.


The greatest exploration potential on the Cascaden North property is associated with the Offset

dykes which have a combined potential strike length of 13.5 km. The dykes remain under

explored because less than 1% of the Cascaden Offset dyke and none of the Hess Offset dyke is

exposed at surface and there is no drilling and limited geophysics coverage. Since about 25% of


APPENDIX A Page 7

the ore in Sudbury is from similar Offset dyke environments the property is considered very

prospective for significant deposits of nickel, copper, platinum, palladium and gold.

The discovery of Sudbury breccia in an arcuate magnetic low on the property suggests that there

is also the potential for breccia-hosted Cu-PGE mineralization as discovered in other Sudbury

breccia occurrences around the Sudbury Basin (e.g. Strathcona Deep Cu zone - Levack

Embayment).

The pyroxenite dykes discovered on the property appear to have the potential to host Ni-Cu PGE

mineralization. This rock unit is a newly recognized lithology in the North Range therefore very

little is known about this rock unit, including origin, age, depth extent, flow direction, overall dip

and whether it is mineralized. However Cu/Zn >1, missing PGE’s, sulphur in the area and the

high SiO2 concentration suggest these dykes had reached sulphur saturation. If this is the case,

the high concentration of Ni (up to 1200ppm) and depleted PGE’s in the silicate suggests that

any potential sulfides in the system could have high Ni tenor and PGE content, given the right

conditions.

Also encouraging is that the pyroxenite appears to have multiple phases of magmatism, a larger

magma chamber at depth, fluctuating morphology, evidence of Ni depletion along the dyke,

similar if not the same rock found as inclusion in contact sublayer hosted ore deposits in the

north range of the SIC. The limited sample population of the pyroxenite suggests at least two

pulses of magma formed the pyroxenite, a low Al2O3 and normal tholeiitic-type. This is similar

to the Bushveld, Great dyke and Stillwater intrusions (Naldrett 2010). The significance of this is

it may support a recharging of the magmatic system thus increasing the R-factor and potentially

creating higher tenor values in any sulfide accumulations the magma interacts with.

Also a large portion of the property has not been seen any relevant exploration.

PROPOSED WORK

Drill magnetic high at the intersection of the Hess and Cascaden Offset dyke

Continue Tracing the Cascaden Offset to the southeast.

Continue tracing the Pyroxenite dyke to the northwest and southeast.


APPENDIX A Page 8

Conduct airborne EM/Magnetic survey over the strike extent of the Cascaden Offset and

the Pyroxenite to test the top 100 meters for mineralization and follow-up with 500m

drilling.

Conduct ground EM along strike length of the Hess and Cascaden Offset dyke and the

Pyroxenite to explore for large highly conductive bodies of mineralization to at least

400m depth.

Conduct gravity survey over the property to delineate additional mafic intrusions.

Continue geological mapping, prospecting and pathfinder element sampling of the

property in general with particular emphasis on unexplained magnetic features,

topographic and geophysical lineaments and mapped geological features that do not

accord with the regional magnetic signature.


APPENDIX A Page 9

Figure 2: Cascaden North Compilation Map


APPENDIX A Page 10

Foy North


Ownership: 100% Wallbridge (Crowflight area of interest, see Section 1.3)

Area: 400 hectares

Title: 2 non-contiguous Unpatented Mining Claims


1949-68: Falconbridge – mapping, magnetometer survey, and drilling

1950: Inco – 1 drill hole on the north block

1967: Inco – 2 drill holes on the south block totalling 137.5m

Anaconda American Brass – IP survey

1971-2: Flint Rock Mines – Magnetic and EM survey, 2 drill holes (south block)

1972: Alchib Development Company – magnetic survey (north block)

1980’s: BP Resources – drilling discovered QD (north block)

1989: BP Resources – 3 diamond drill holes (south block)

2001: Crowflight Minerals – AeroTEM survey

Tearlach Resources –geophysics, and mechanical stripping and washing of the junction

of the Hess and Foy Offsets


2009: 2 claims staked

Trenching of the Hess-Foy Offset dykes intersection

Mapping and prospecting, including 43 samples

2010: 1 drill hole totalling 150.5m; 21 samples

1 borehole EM survey

Ground PEM survey


Trenching, mapping and sampling on Foy North outlined 2.3 km strike length of the Hess/Foy

Offset dykes on the property. The Offset dykes on the property are up to 75 meters wide and

have many of the characteristics of mineralized environments of other QD dykes around the

Sudbury basin including mineralization, extensive inclusion bearing phases of quartz diorite,

flexures, pinches, bends and terminations in the dikes. Assays of Offset dyke from trenches in

the southern block contained anomalous TPM values of up to 232 ppb. The single 150m drill


APPENDIX A Page 11

hole Wallbridge completed on Foy North outlined a 1.5 meter intercept which contained 0.66g/t

TPM, 0.25% Cu and 0.22% Ni.

Detailed mapping, geochemistry, and petrography, suggest the Foy and Hess Offset dykes are a

single fluent dyke. This is based mainly on available field observations but more work needs to

be done to conclusively say for sure. Lithological succession in the dykes follow the typical

progression from the center of the dyke outwards; large-inclusion bearing QD to small-inclusion

bearing QD to non-inclusion bearing QD to either a chilled margin or metamorphosed diabase to

country rock with mineralization collecting near the transition of the small inclusion IQD and the

non-inclusion QD.


This property is being explored for Ni-Cu-PGE mineralization in the combined 2.3 km strike

length of the Hess/Foy quartz diorite Offset dykes on the property. The Offset dykes on the

property are up to 75 meters wide and have many of the characteristics of mineralized

environments of other QD dykes around the Sudbury basin including mineralization, extensive

inclusion bearing phases of quartz diorite (both large and small inclusion phase), flexures,

pinches, bends and terminations in the dikes. The Offset dykes on the property are virtually

untested because there have been only shallow drill holes targeting the dyke and there is no deep

penetrating geophysical coverage.

PROPOSED WORK

11 km Surface EM to test the 2.1km of the Offset dyke.

Drilling 500 m to follow- up EM survey anomalies.

Drilling three 1500m deep hole at the Foy/Hess Intersection with RIM

Mapping and sampling the northern block.


APPENDIX A Page 12

Figure 3: Foy North Compilation Map


APPENDIX A Page 13

o Daigle Levack



Area: 160 hectares

Title: 1 Unpatented Mining Claim


1954 – 55: INCO – 17 diamond drill holes west of the Onaping River, and immediately

east of the eastern Ruza Option claim boundary

1960: Ontario Department of Mines – Geology of Levack Township; Langford

1987: Falconbridge – regional soil sampling

2002: a prospector – 1 sample from the northeast corner of adjacent Ruza Option

1.91% Ni, 0.36% Cu, 210 ppb Pt, 210 ppb Pd – but the location could not

be confirmed

2002: Platinum Group Metals – mag survey

2003: AeroTEM survey


2007: Acquired claim from Richard Daigle

Mapping and Beep Mat prospecting, including the collection of 1 sample

2008: AeroTEM anomaly field checking; including 3 samples collected

2009: No work completed.



Prior to 2002 the property had undergone little or no focused exploration. The 2003 AeroTEM

survey delineated a number of weak conductors.


APPENDIX A Page 14

Mapping and beep mat prospecting did not explain the cause of the AeroTEM anomalies though

the two southern-most anomalies are believed reflect the presence of a fault and concentrations

of sulfides have been found within the gneiss. Mapping to the north found only gneiss and

granite with cold Sudbury breccia coincident with the magnetic high however none of the

anomalies were explained.


The property’s proximity to the Levack Embayment and the potential for footwall and Offset dyke

mineralization are the main exploration targets. The presence of Sudbury breccia in proximity to a

prominent cuspate magnetic low and with a single reported occurrence of Cu-Ni-PGE

mineralization in the adjacent Ruza Option suggests that the property is of interest.

PROPOSED WORK

Mapping and prospecting

Drilling weak AeroTEM anomalies


APPENDIX A Page 15

Figure 4: Daigle and Ruza Levack Compilation Map

Daigle Ruza


APPENDIX A Page 16

o Ermatinger






1970’s: BP Minerals Ltd.–mapped at 1:5,000

3.8 km of line-cutting

1982: OGS – mapped 280 km2 at 1: 15,840, which included part of Ermatinger

1998: Champion Bear – HEM survey


2001: 22 AMT stations

2002: ~80 line-km of ground mag

<1km of IP (overlap from the Ermatinger CBA IP survey)

9 AMT stations



2005: Limited mapping and collection of 13 rock samples



2008: overlapping coverage from an AeroTEM survey targeting the Ministic Offset on

the Ermatinger CBA property


2010: Mapping and prospecting

Trenching and additional staking of claims

2011: Drilled 3 holes totalling 828 meters all of which intersected the Hess Offset dyke.

Trenched eight sites the largest of which had a 170m strike.

Conducted 1640 kilometer VTEM plus survey targeting the Hess Offset dyke.

Conducted recon mapping and prospecting along the suspected trend of the Hess

Offset dyke.


APPENDIX A Page 17


Trenching under a cluster of QD boulders in 2010 exposed a 25m wide dyke now known to be

the extension of the Hess Offset. Samples of angular QD float from the trench returned values of

0.1% Cu, 0.1% Ni and 0.35 g/t TPM. Subsequently in 2011 the Hess Offset dyke was exposed in

two additional trenches and intersected in all three drill holes. Drill hole WER-001 intersected a

40 meter wide Hess Offset dyke corridor containing an interpreted 18 meter wide inclusion

bearing main dyke and a 0.5 meter SQD (spherulitic quartz diorite) dyke. WER-002 intersected

an interpret 50 meter wide QD corridor with two narrow SQD dykes centered around a 40m wide

inclusion bearing dyke. In WER-003 a 95 meter QD corridor consisting of an interpreted 12

meter and 4 meter wide QD dykes and two 20 cm SQD dykes was intersected. The 2011

trenching, mapping and drilling increased the confirmed strike length of the Hess Offset dyke on

the property to nine kilometers from 25 meters in 2010. The total potential strike length of the

Hess Offset on the property could be as much as 19.7 km.

The spring 2011 VTEM survey outline 22 weak EM responses outlined as B-field spikes in

Figure 5. These anomalies are not believed to be related to culture and some of the anomalies are

associated with known mafic intrusions. The preliminary data from the fall 2011 survey

indicated there are seven 1-4 line weak responses, five of which are along the possible strike

extension of the Hess Offset dyke.

Mapping and prospecting east of the Trill West property located a 10 meter long segment of a

4m wide radial Offset dyke 500m southwest of the Ministic Offset Trend. The dyke may be a

splay off the Ministic Offset dyke. More mapping is required to extend the new dyke.


The Ermatinger property covers 9 -19.7 km strike length of the Hess Offset that potentially hosts

Offset-style Ni-Cu-PGE mineralization. This is supported by historical work on Vale’s Rivers

Option property which delineated sulfide mineralization accumulations grading 0.82% Cu and

1.45% Ni and 1.29g/t TPM in the Hess Offset dyke. The dyke is virtually untested because it is

very poorly exposed, there is no deep penetrating geophysical coverage and the three drill holes

along Hess Offset dyke on the property were shallow.


APPENDIX A Page 18

Also, in other QD dykes, mineralization is generally associated with inclusion bearing phases of

quartz diorite and are often focused at flexures, splices, pinches, splays, bends and terminations

in the dikes as well as where the dikes pass through large mafic bodies. There are several

locations along the Hess Offset on the property where IQD has been located. Also splays, areas

cutting large gabbro intrusions and fluctuating thicknesses were discovered during mapping and

drilling. There is also the potential that the segments of the Trill and Ministic Radial Offset

dykes and their intersection with the Hess Offset are hosted on the property.

Other targets are 29 weak EM responses (represented by the B-field spikes) some of which are

coincident with known Nipissing Gabbro sills, magnetic highs or the potential strike extension of

the Hess Offset dyke.

PROPOSED WORK

Continue with mapping and prospecting along the strike extent of the Hess Offset.

Trenching along Hess dyke trend to locate the dyke.

Drilling to target EM anomalies near the project Hess Offset trend.

Drilling 500m spaced 250m drill holes to locate the Hess Offset dyke to the end of the

property.

100km of Ground EM along the length of the Hess Offset dyke.

Ground truth VTEM anomalies with mapping and trenching.

Prospecting and mapping for possible extensions of the Ministic Offset dyke discovered

on the Ministic Offset and Ermatinger CB properties to the southwest and the Trill West

property to the northwest.

Conduct ground EM along strike length of the Hess Offset. Incorporating loop

configurations best suited for steeply dipping conductors and equipment best suited for

detecting highly conductive bodies such as an “on-time” or “B-field” system.

Drill deep drill holes targeting favourable geological mapped along the dykes trend such

as intersections with other dykes and large mafic bodies


APPENDIX A Page 19

Figure 5: Ermatinger Compilation Map.


APPENDIX A Page 20

o Ermatinger CBA


Ownership: 50% Champion Bear, 50% Wallbridge, Champion Bear Ermatinger JV

Area: 1,934.14 hectares

Title: 10 Unpatented Mining Claims and 3 Leases


1957: Prosco Limited– trenching, 4 samples taken

1982–86: Bear Tag Resources– 8 drill holes totalling 493.78 m

1988–90: Falconbridge– 47 soil samples, line-cutting, mapping, sampling, IP


1999: Airborne electro-magnetic (EM) and magnetic (Mag.) surveys

2000: Champion Bear – 31.7 km of line-cutting

31.7 line-km of ground VLF-EM and Mag.

3 diamond drill holes totalling 603 m

2001: 5.5 line-km of IP

18.65 line-km of UTEM

2002: 161.7 km of line-cutting

161.7 line-km of ground Mag.

62.4 line-km of IP/resistivity

43 AMT stations

3 diamond drill holes totalling 1,014 m

Limited mapping and rock sample collection around the Bear Tag Showing

Discovery of quartz diorite extended the Ministic Offset

2003: limited mapping and sample collection along the Ministic Offset

Excavated and mapped 3 trenches at 1:500, collected 22 rock samples

2005: 3.2 line km of IP survey

2006: no work

2007: reconnaissance visit

2008: 257.8km AeroTEM III survey

Mapping and prospecting, including the collection of 115 samples


APPENDIX A Page 21

Review of historical Bear tag core, and prospecting around the showing

2009: no work completed

2010: mapping and prospecting, including the collection of 48 samples

Traced a mafic/ultramafic intrusion for 5km

2011: Trenching along the Ministic Offset dyke


Mapping, trenching and prospecting by Wallbridge has successfully traced the Ministic Offset

dyke for 5.1 km. The important inclusion phase and mineralization associated with the Offset

dyke has not yet been discovered, likely because the dyke has less than 1% exposure and has not

been drilled. The few trenched exposures of the Ministic Offset dyke indicate the dyke is up to

20 meters wide. Mapping on the adjacent Ermatinger property located a 30 meter segment of a

parallel Offset dyke which may be a splay off the Ministic Offset dyke. This dyke trends towards

the Ermatinger CBA property and where it intercepts the main Ministic dyke is a good

environment to explore.

Mapping delineated five kilometer length of a 1.5 to 100m wide northwest trending

mafic/ultramafic intrusion. The rock unit has been describe throughout the property as a

pyroxenite as the majority of the outcrop mapped consists of coarse grained, equigranular,

equant, dark green fresh rock that appear to be composed of pyroxene. Thin sections of the rock

reveal majority the pyroxene has been altered to amphibole with interstitial plagioclase replaced

by fine grained sericite. This unit also has characteristically high back ground nickel (up to

1200ppm), chromium (up to 1560ppm) and magnesium concentrations relative to other mafic

intrusion common to this area.

The exact age of the pyroxenite is unknown however it appears as clasts in a rock unit believed

to be Sudbury breccia and has a chilled contacted with the 2.64 Ga granitic pluton host rock.

Compared to the geochemistry of other mafic rocks from this area it is most similar to the rocks

generated from the SIC. The relation of the pyroxenite to the SIC is not clear at this point but the

chemical similarities of the two are remarkable and may suggest some close genetic link. Also,

the occurrence of similar pyroxenite as inclusions (so called “exotic xenoliths”) in sublayer

hosted contact ore may suggest a genetic link between the SIC contact ore deposits and the

pyroxenite. The pyroxenite is not confined to one dyke as it has been intersected in WML-005


APPENDIX A Page 22

and has been identified on other Wallbridge properties in the North Range. This would suggest a

much larger magma source.

200 meters west of the thickest part of the pyroxenite dyke a clast in Sudbury breccia of coarse

grain actinolite with ~20% combined po and cpy was discovered. Assay results indicate the clast

contained 0.345 g/t Au, 20.6 g/t Ag, 2.75% Cu and 0.14% Ni. After reviewing historic core near

the sample site it was apparent that the mineralization in the drill core was hosted in similar

mineral assemblage as the aforementioned clast; though the actinolite in the clast was coarser

grained. It was also apparent that the metal distribution is zoned. Cu > Zn associated with

actinolite veins and quartz-carbonate-actinolite veins and Zn>Cu associated with the margins of

actinolite assemblages or hosted in fine grained epidote. The Cu, Au, and Ni concentrations in

the Sudbury breccia clast suggest the clast could have originated from an undiscovered portion of

the mineralized zone that hosts more favourable mineralization.

The hydrothermal system which generated the mineralization discussed above may have been

driven by the intrusion of the pyroxenite. This is evident by the proximity of the mineralization

to the thickest part of the pyroxenite dyke, the fact that the mineralization and associated

hydrothermal veins are observed cutting the host rock to the pyroxenite but not the pyroxenite

and the Sudbury breccia is younger than the mineralization indicating it is unlikely generated

from the SIC. The Cu-Zn could have been remobilized from the country rock but the Ni is an

oddity and may indicate remobilization from a nearby Ni-Cu mineralization.


25% of the ore in Sudbury is from Sudbury Offset dyke environments. This is why the 5 km

strike length of the Ministic Offset dykes is very prospective for significant deposits of nickel,

copper, platinum, palladium and gold and considered the greatest exploration potential on the

Ermatinger CBA property. With less than 1% of the dyke exposed, no drilling and limited

geophysics coverage the dykes remain under explored.

The Pyroxenite dykes discovered on the property appear to have the potential to host Ni-Cu PGE

mineralization. This rock unit is a newly recognized lithology in the North Range therefore very

little is known about this rock unit, including origin, age, depth extent, flow direction, overall dip

and whether it is mineralized. However Cu/Zn >1, missing PGE’s, sulphur in the area and the


APPENDIX A Page 23

high SiO2 concentration suggest these dykes had reached sulphur saturation. If this is the case,

the high concentration of Ni (up to 1200ppm) in the silicate suggests the sulfides could have high

Ni tenor given the right conditions.

Also encouraging is that the pyroxenite appears to have multiple phases of magmatism, a larger

magma chamber at depth, fluctuating morphology, evidence of Ni depletion along the dyke,

similar if not the same rock found as inclusion in contact sublayer hosted ore deposits in the

north range of the SIC. The limited sample population of the pyroxenite suggests at least two

pulses of magma formed the pyroxenite, a low Al2O3 and normal tholeiitic-type which is similar

to the Bushveld, Great Dyke and Stillwater intrusions (Naldrett 2010). The significance of this is

it may support a recharging of the magmatic system thus increasing the R-factor and potentially

creating higher tenor values in any sulfide accumulations the magma interacts with.

A large portion of the portion of the property has not been seen any relevant exploration.

PROPOSED WORK

Recommendations for the future exploration along the Ministic Offset include:

Trenching three sites where unexplained magnetic and chargeability highs are coincident

with the strike extent of the Ministic Offset dyke.

More detailed sampling along the Ministic Offset and pyroxenite dykes to better

understand the intrusions and help determine where to target future exploration along the

dykes.

Drill two 300 metre drill holes and extend BT-001 200 metre for the purpose of testing

chargeability high and determine the orientation of the pyroxenite dyke.

Mapping the remainder of the property.

Conduct ground EM along the 5.1 km strike length of the Ministic Offset. Incorporating

loop configurations best suited for steeply dipping conductors and equipment best suited

for detecting highly conductive bodies such as an “on-time” or “B-field” system.

Drill ten deep drill holes space ~600m apart along the length of the dyke coupled with

borehole RIM survey would be a method to test for mineralization below 400m.

Although this is very costly and past experience with the RIM system has indicated the

survey produces many false positives the alternative is 200-300m space drill holes along

the length of the dyke coupled with borehole EM.

Conducting a gravity survey to help interpret the source, orientation at depth and the

extent on surface and at depth.


APPENDIX A Page 24

Conduct ground EM along the length of the dyke which incorporates loop configurations

best suited to help define the orientation of the intrusion as determined by the gravity

survey. The equipment best suited for detecting highly conductive bodies such as an “on-

time” or “B-field” system should be used as the mineralization will likely be highly

conductive.


APPENDIX A Page 25

Figure 6: Ermatinger CBA and Ministic Compilation Map


APPENDIX A Page 26

o Harty



Area: 336 hectares



1969: Ontario Department of Mines, Geological Report 65, map at 1:31,680

2002: Champion Bear - Airborne EM survey

2005: Crowflight Minerals – MegaTEM survey


2007: staking

2008: Mapping and prospecting

2009: mapping, including the collection of 6 samples

2010: 1 sample collected.


2009 mapping on the property delineated 400 metre strike length of a north-south trending dyke

which has a similar geochemistry and oxide content to that of the Quartz Gabbro layer of the

SIC. The regional magnetic data indicates that the quartz gabbro dyke may extend from the

inclusion- and sulfide-bearing Hess Offset to the south and east, and may also have an ore-

hosting potential similar to the Hess Offset. The magnetic data also suggest that a splay of the

Hess Offset dyke might extend on to the Harty property.


APPENDIX A Page 27


The location of this property, only 200m from the mineralized portion of the Hess Offset, is an

opportune area for an Offset dyke occurrence with the potential of hosting Ni-Cu-PGE

mineralization.

The regional magnetic data indicates that the quartz gabbro dyke which was delineated on the

property may extend from the inclusion- and sulfide-bearing Hess Offset and may therefore have

ore-hosting potential similar to the Hess Offset. Exploration potential is also assigned to the

Quartz Gabbro dyke because the origin and mode of emplacement of mineralization in Offset

dykes is not well understood.

PROPOSED WORK

Map the remainder of the property.

Determine if the Quartz Gabbro Offset dyke has mineralization potential at depth.

Conduct ground EM along the strike length of the Quartz Gabbro dyke. Incorporating

loop configurations best suited for steeply dipping conductors and equipment best suited

for detecting highly conductive bodies such as an “on-time” or “B-field” system.

Drill deep drill holes space ~600m apart along the length of the dyke coupled with

borehole RIM survey would be a method to test for mineralization below 400m.

Although this is very costly and past experience with the RIM system has indicated the

survey produces many false positives the alternative is 200-300m space drill holes along

the length of the dyke coupled with borehole EM.


APPENDIX A Page 28

o Hess CBA


Ownership: 50 % Champion Bear, 50% Wallbridge, Champion Bear Hess JV




1950–70: INCO – Mapping

Ground and airborne geophysics

27 drill holes totalling 2725 m

1957: Mining Endeavour Ltd.– 9 drill holes (all less than 20 m)

1966–69: Jaybee Landry Exploration– 9 drill holes totalling 171 m

Ground magnetic (Mag.) survey

1973–76: L.G. Bardswich– 11 diamond drill holes totalling 334 m

1975: Progress Engineering– 12 diamond drill holes totalling 339 m

1975: Dome Exploration– airborne radiometric and Mag. surveys

1988: BP Resources Ltd.– 6 drill holes totalling 795 m

1998: C. Woods– Mapped 23 line-km, including the collection of 9 rock samples

1999: Champion Bear– 1 diamond drill hole

2000: Champion Bear– 54.375 km line-cutting

3 drill holes completed; totalling 370 m

Ground VLF-EM, Mag. and gradient IP

Mapped 26.8 line-km

2001: Champion Bear – 5 diamond drill holes

2002: 10 stream sediment samples collected (kimberlite indicators)

2003: Champion Bear– 2 drill holes totalling 477.7 m

2005: Crowflight Minerals – MegaTEM survey that includes 66% of the property


2006: Mapped and Beep Mat prospecting 1.8 km2 at 1:2,000; 55 samples collected


APPENDIX A Page 29

Re-sampled Champion Bear drill core; 15 samples

2007: 11.2 km Titan 24 DCIP/MT

2008: 2 drill holes, totalling 217m, including 38 samples

Mapping and prospecting


2010: mapping and prospecting; including the collection of 41 samples

2011: 60 km InfiniTEM II B-field Survey with line spacing of 200m targeting the Hess

Offset dyke.


APPENDIX A Page 30

Figure 7: Hess Compilation Map


APPENDIX A Page 31


Mapping and sampling has outlined a 10 kilometre strike length of the Hess Offset dyke on the

property with the potential for an additional 5 km strike length. Even though the Hess Offset has

only 1% surface exposure on the property, mapping along the Hess Offset on the northeast claim

block has located a 1.5 kilometre segment of inclusion-bearing QD dyke containing disseminated

pyrrhotite and chalcopyrite mineralization. Wallbridge drill holes across the dyke indicate the

Hess Offset is up to 75 metres thick on the property. Surface grab samples from this segment

contained up to 0.26% Cu, 0.18% Ni and 0.92 g/t TPM. Mapping west of the Rivers Option has

outlined two disseminated sulfide bearing phase of the Hess Offset with grab samples assays up

to 931 ppm Ni + Cu and 0.13 g/t TPM. Mapping has also identified multiple flexures, splices,

splays, possible terminations, areas cutting gabbro/diabase and fluctuating thicknesses which are

strong structural geological targets.

In 2011 an InfiniTEM II surface EM survey was conducted over the entire strike length of the

Hess Offset dyke on the property. The survey delineated nine very weak (30-80 Siemens) EM

anomalies and 30 questionable EM responses. Four of the very weak anomalies form a 600-800

metre conductive trend coincident with the Hess Offset dyke trend.


The Hess property covers 10 -15 km strike length of the Hess Offset, and potentially hosts

Offset-style Ni-Cu-PGE mineralization. This is supported by historical work on Vale’s Rivers

Option property which reports a small near surface zone of sulfide mineralization grading 0.82%

Cu and 1.45% Ni and 1.29g/t TPM. The dyke is poorly exposed, and historical drilling along it

was shallow and has focused on small areas, with large portions of the dyke being left untested.

Wallbridge’s 2011 InfiniTEM II survey identified a very weak (80 Siemen) 600-800 metre

conductive trend along the Hess Offset dyke. This response is unlikely to reflect massive sulfide

but could indicate lower sulfide PGE bearing mineralization in the dyke or the top of something

at depth.

Offset mineralization is generally associated with inclusion bearing phases of quartz diorite and

are often focused at flexures, splices, pinches, splays, bends and terminations in the dikes as well

as where the dikes pass through large mafic bodies. There are several locations along the Hess


APPENDIX A Page 32

Offset where IQD has been recognized and detailed mapping has identified multiple flexures,

splices, splays, possible terminations, areas cutting gabbro/diabase and fluctuating thicknesses

which are strong structural geological targets.

PROPOSED WORK

Target EM plates on L18 and L22 coincident with the Hess Offset trend delineated from

the 2011 InfiniTEM II with three drill holes totalling 550m.

Mapping property immediately east of Vale’s River Option property to delineate the Hess

Offset dyke.

Mapping and prospecting to ground truth other anomalies delineated from the 2011

InfiniTEM survey and to ground truth questionable responses coincident with the Hess

Offset.

Drill geological settings along the dyke that fit the genetic model for the formation of

Offset hosted ore deposit.

Infill ground Geophysics of 100m spaced lines to test the strike length of the Hess Offset

for smaller ore bodies.

Mapping the remainder of the property starting near the Hess Offset trend.

Drill IP anomalies in the South east corner if they prove to be coincident with the trend of

the Hess Offset.


APPENDIX A Page 33

o Ministic




Title: 10 unpatented mining claims


1953: Noranda – Mapping and magnetic (Mag) surveys

1956: INCO – 1 drill hole totalling 304.8 m

1957: Arcadia Nickel Corp. Ltd.– 3 drill holes totalling 342.9 m, intersecting

possible QD but not described as such.

1983: OGS – Reconnaissance mapping at 1”: ¼ mile

1987: Falconbridge – 22 soil samples


1998: began staking claims

1999: GeoTEM survey flown at 200m line spacing

2001: Mapping, including the collection of 15 rock samples

2 diamond drill holes totalling 899 m, confirmed QD discovered by

Arcadia in 1957

1 borehole EM survey (WMC-002)

82 AMT stations

2002: 9.8 km line-cutting (extending from the Ermatinger CBA grid)

Mapping, including the collection of 8 rock samples

7 drill holes totalling 3,791 m

2 borehole PEM surveys

2.25 line-km IP

25 AMT stations

2008: Review of historical core and drill logs


APPENDIX A Page 34

Mapping, prospecting and sampling

2009: Reconnaissance visit, 2 samples

2010: 1 sample collected


Historical work has confirmed the strike extension of the Ministic Offset dyke to the north-

western boundary of the claim group. Shallow drilling (~350m) intersected anomalous metal

concentrations of up to 590ppm Ni, 470ppm Cu and 110 ppb platinum plus palladium within the

dyke.

Sudbury breccia was found to be coincident with a regional curvilinear magnetic and

topographic low in the north east corner of the property. To date, mapping has determined the

minimum thickness of the belt to be 104 metres.

The review of the drill logs has resulted in the identification of a pyroxenite in WML-009 and

WML-010 that is the same as the pyroxenite found at Bear Tag, on the adjacent Champion Bear

Ermatinger property.


The property hosts 2.1 km of the Ministic Offset dyke which is only 3-5km from the SIC contact.

There is virtually no surface exposure of the dyke on the property and drilling was conducted at

600m spacing along the dyke and only tested down to 350m below surface. Samples from the

drill holes contained anomalous metal concentrations. The presences of meta-pyroxenite

intrusions along the Ministic Offset trend is also encouraging, because ore bodies on other Offset

dykes, such as Worthington, form where the dyke intersect amphibolite bodies. Recent

exploration has identified Offset-style mineralization on Wallbridge’s Milnet property at 1,600m

depth and on Quadra FNX’s Victoria property at about 1,000m depth. From this perspective, the

Ministic Offset remains virtually unexplored.


APPENDIX A Page 35

PROPOSED WORK

Conduct ground EM along the strike length of the Ministic Offset. Incorporating

loop configurations best suited for steeply dipping conductors and equipment best

suited for detecting highly conductive bodies such as an “on-time” or “B-field”

system.

Drill deep drill holes space ~600m apart along the length of the dyke coupled

with borehole RIM survey would be a method to test for mineralization below

400m. Although this is very costly and past experience with the RIM system has

indicated the survey produces many false positives the alternative is 200-300m

space drill holes along the length of the dyke coupled with borehole EM.

Map and sample the meta-pyroxenite bodies in greater detail.


APPENDIX A Page 36

o Pele JV


Ownership: 100% Pele Mountain; Wallbridge Joint Venture




1948: INCO – small area airborne magnetic (Mag) survey

1950: Falconbridge – limited mapping and small airborne Mag survey

1967: C. Lee – till sampling; 5 auger drill holes totalling 85.35m

1968: Falconbridge – 4 diamond drill holes totalling 488m

1987 Crimson Star Resources – mapping, airborne VLF-EM and mag,

ground IP, mag and VLF-EM

1988: Falconbridge – soil survey

1998: Champion Bear Resources Ltd. – Helicopter mag and EM

2003: Aurora Platinum – 15 line-km ground magnetic survey

2005: Crowflight Minerals – MegaTEM survey over the North Range

2005: Pele Mountain Resources – limited mapping, including 29 rock samples

Stripping of 25m x 5m

28 line km of EM-31

450 line-km Aerotem survey

Announced new QD Offset


1999: regional GeoTEM survey covered the southern portion of the property

2005: VTEM survey covered the southern tip of the property

2006: Mapped 1.9 km2 at 1:2000, including the collection of 98 samples

Trenching: 60 x 3 m

3 diamond drill holes totalling 363m, including 83 samples

2007: Mapping of 7.2km2 at 1:2,000, including the collection of 208 samples


APPENDIX A Page 37

Excavated 3 trenches

2008: 114 km line cutting

104.9 line km of IP

1 drill hole totalling 96m, including 41 samples

Mapping of 2.89km2 at 1:2,000, including the collection of 77 samples

2009: Mapping and prospecting (0.8km2), including the collection of 17 samples

4 diamond drill holes totalling 883m, including 71 samples

Localized magnetometer traverses

2010: Mapping, including the collection of 30 samples

2011: 11 km InfiniTEM II B-field Survey with line spacing of 200m targeting the Hess

Offset dyke.


In the fraction of the property that has been explored mapping and trenching has outlined two

Granophyre Offset dykes totalling 9.1 km strike length, 3.6 km strike length of a Quartz Gabbro

Offset dyke, 2.5 km splay of the Hess Offset dyke and an 8 km concentric belt of Sudbury

breccia on the property. Sulfide mineralization has not been discovered on any of the Offset

dykes but the Hess Offset dyke has only been tested for large massive ore bodies to 400m depth

and the other three dykes have not been explored deeper than about 150 metres.

The Sudbury breccia (Pele Breccia Belt) corridor that trends across the southern third of the

property appears to be an anastomosing unit, pinching and swelling much like most occurrences

of Sudbury breccia in the Sudbury Basin. It does, however, seem to be trending concentrically to

the SIC which hints to a genetic link to the development of major concentric faults along which

the transient Sudbury impact crater is hypothesized to have collapsed. Exploration of these

concentric features should provide a better understanding of their genesis and give a clear idea of

the exploration potential of the SIC Footwall in their vicinity. A few samples of the breccia from

the Pele Breccia Belt contained weakly anomalous concentrations of Pt and Pd (PGE), and

pathfinder elements in recent sampling, similar to enrichments encountered in breccias that host

Cu-PGE mineralization at Xstrata’s Strathcona Mine and FNX’s McCreedy West Mine in the

Levack Trough about 8 kilometres to the south.


APPENDIX A Page 38

Figure 8: Pele Compilation Map


APPENDIX A Page 39


There are two principal exploration target types including Quartz Diorite Offset dykes and

concentric zones of Sudbury breccia. The 2.5km strike length of the Hess Offset dyke

discovered in the northwest corner of the property is less than 1km from the Rivers Option

occurrence which hosts 20,900 tonnes at 0.82% Cu, 1.45% Ni which points to the economic

potential of this Offset dyke and has only been tested for the equivalent of a six million tonne

massive ore body to 400m. Also there are very few exposures of the dyke present and only two

drill holes intersecting the dyke on the property. Therefore it is not known if inclusion bearing

phases of quartz diorite are present or if flexures, splices, pinch, bends or terminations are

present along the strike extent. There are locations along the Hess Offset on the property where

splays and fluctuating thicknesses where observed which are strong structural geological targets.

Exploration potential is also assigned to the Quartz Gabbro and Granophyre Offset dykes

because of their size, the origin and mode of emplacement of mineralization in Offset dykes is

not well understood, the vast majority of the three dykes have not been tested and the proximity

of the dykes to the Foy Offset dyke. The latter is mineralized well into the footwall north of the

SIC contact with the most significant occurrence being the Cu-Ni-PGE mineralization of the Ni

Offset Mine.

The Sudbury breccia, which has produced high Cl and weakly anomalous pathfinder element

concentrations, are indicative of the passage of mineralizing fluids similar to breccia rocks

hosting copper-PGE mineralization at Xstrata's Strathcona Mine and FNX's McCreedy West

Mine in the Levack Trough 4-8 kilometres to the south.

PROPOSED WORK

Drill geological settings along the dyke that fit the genetic model for the formation of

Offset hosted ore deposit.

Infill surface EM with 100m spaced lines to test the 2.5km strike length of the Hess

Offset; for 100m wide orebody at least 200m down dip of current EM coverage


APPENDIX A Page 40

Continue mapping and prospecting magnetic anomalies focusing on the discovery of new

Offset dykes and belts of Sudbury breccia, and to establish their prospectively to host Cu-

PGE mineralization.

Map and prospect the Quartz Gabbro dyke southward.

Test for mineralization along the new limb of the Hess Offset using a series of 1200m

deep drill holes as platforms for RIM surveys.

Continued mapping and prospecting of the Pele Offset dyke discovered in 2005 to better

constrain the dyke by filling in the gaps between outcrops and search for outcrops of

Inclusion Quartz Diorite.


APPENDIX A Page 41

o Rudy’s Lake

PROPERTY OWNERSHIP AND DESCRIPTION 1.1.1


Area: 144 hectares

Title: 1 Unpatented Mining Claim

RELEVANT PREVIOUS WORK 1.1.2

1953: T. Mungovan– ground magnetic (Mag) survey

1968 – 72: Falconbridge– 7 drill holes totalling 810.46 m (1 km west of property)

1970: INCO– 12 drill holes totalling 3,504.59 m (within and to the NE of prop.)

1987: Noramco Explorations Inc.– airborne Mag and VLF-EM

1988–89: Crimsonstar Resource Ltd./Noramco Exploration Ltd. – 2 drill holes

totalling 363.4 m (north of the property)

2001: Falconbridge– detailed mapping to N-NW of the property

WORK CARRIED OUT BY WALLBRIDGE 1.1.3

1999: Airborne EM and Mag.

2000: 6.62 km of line-cutting

Mapping at 1:5000, including the collection of 88 rock samples

25 AMT stations


2002: 15.85 km of line-cutting and Mag.

Mapping at 1:2500, including the collection of 29 rock samples

12.18 km of IP

6.28 km of UTEM


APPENDIX A Page 42



2005: prospecting, including the collection of 2 rock samples


2007: reconnaissance visit

2008: verification of QD occurrence

2009: Mapping and prospecting, including the collection of 1 sample

2010: mapping and washing, 7 samples collected

DISCUSSION OF RESULTS 1.1.4

The geochemical analysis of Rudy’s Lake QD supports the field and petrographic observations

by Wallbridge geologists, that this rock unit does in fact represent an SIC-related melt similar to

that of QD dykes. However, the silica content of the QD on Rudy’s Lake is much higher, than

that of typical QD dykes. Only the Pele Offset dykes (on Wallbridge’s Pele Mountain property)

have similarly high SiO2 concentrations.

The QD melt on the Rudy’s Lake property was emplaced into a recrystallized zone of Sudbury

breccia and both the SDBX and the QD appear to trend NE-SW. Within this zone, however, the

veins and dykes (up to 1.5 m in width) of QD show variable strike directions, some even trend

N-S and NW-SE.

Although the QD usually has a quite distinctive (often spherulitic) texture with acicular

amphibole crystals, however based on geochemistry samples thought to be SDBX matrix appears

to be QD. This indicates that the distinction between the two rock types is not straight-forward.

It is possible that the Rudy’s Lake QD and the Pele Offset dykes have a genetic relationship. The

geochemical similarity may indicate a common melt source and/or differentiation of the same

melt. A genetic relationship is also supported by the fact that the Rudy’s Lake QD occurrences

are on the projected strike extension Pele Offset dyke. In this case, the apparent NE-SW trend of

the Rudy’s Lake QD may actually represent the width of the zone in which a NW-SE migration

of QD melt occurred. Because the Rudy’s Lake QD occurs within the Sandcherry Creek Fault

zone, and the Pele Offset dykes have the same strike direction as the fault, it could be possible,


APPENDIX A Page 43

that the fault was active during the crystallization of the SIC and that it tapped an upper level of

SIC melt (in contrast to other QD dykes, which are believed to have tapped the basal layer of the

SIC). The SIC melt may have escaped along the fault zone and emplaced into the Sudbury

breccia zone of the Rudy’s Lake property and intrude further into the footwall forming the Pele

Offset dykes.

EXPLORATION POTENTIAL 1.1.5

A high degree of prospectivity for contact- or footwall-style mineralization related to the SIC is

indicated by the widespread occurrences of quartz diorite outcrops, a possible, previously

unrecognised partially exposed quartz diorite Offset dyke, irregular zones of partial melt and

numerous chargeability anomalies.

Additional discoveries of melt pods of quartz-diorite, which extends melt pod occurrences over a

100x 300 metre area, 300 metres from the SIC contact. The QD is not of the composition

generally proven to be favourable for Cu-Ni-PGE mineralization and the base, as well as

precious metal contents are very low. However, it may be possible that the same structural

corridor used by this seemingly barren QD melt was also used by metal-bearing (QD) melts or

fluids. Thus, more work is warranted on the property, especially in the more underexplored

northern parts. Previous mapping located numerous outcrops described as QD and extensive

areas described as partial melt that were interpreted as related to the formation of the SIC. The

unit believed to be a quartz diorite body is irregular in distribution and appears to cut Sudbury

breccia whereas petrographic study indicates this unit is textural and mineralogical similar to

Quartz Diorite Offset dykes.

PROPOSED WORK 1.1.6

Conduct a surface electromagnetic survey to test for conductive sulfides.

Drill resulting targets and follow up with borehole EM.


APPENDIX A Page 44

Figure 9: Ruza Compilation Map.


APPENDIX A Page 45

o Ruza Levack



Area: 608 hectares



1954 – 55: INCO – 17 diamond drill holes west of the Onaping River, and immediately

east of the eastern claim boundary

1960: Ontario Department of Mines – Geology of Levack Township; Langford

1987: Falconbridge – regional soil sampling

2002: a prospector – 1 sample from the northeast corner

1.91% Ni, 0.36% Cu, 210 ppb Pt, 210 ppb Pd – but location could not be

confirmed

2002: Platinum Group Metals – magnetic survey (2 northwest trending highs)

2003: AeroTEM – airborne EM


2007: Acquired claim from Ruza Resources

Reinterpretation of 2002 AeroTEM results

Mapping and Beep Mat prospecting, including the collection of 11 samples

Excavated 2 areas: (1) over an AeroTEM anomaly and (2) over suspect QD

2008: U/Pb age for granophyric mafic dyke

Mapping, prospecting and sampling (88 samples)

Magnetometer traverses

Mechanical and manual excavation of AeroTEM anomalies


2010: 2 samples collected


APPENDIX A Page 46


Mapping and prospecting in the northeast corner of the property outline narrow dykes which

have geochemical finger print of QD Offset dyke and may have explained three of nine EM

anomalies (Figure 4) but failed to locate the site of the Prospector’s sample which contained a

report 1.91% Ni, 0.36% Cu, 210 ppb Pt, 210 ppb Pd.

The potential QD Offset dykes discover on the property were 30cm wide and have not been trace

further than the original outcrop. Mapping and prospecting nine air borne EM anomalies on

claims 3009423 and 3017412 did not locate the source any of the conductive responses.

However, two conductive responses are coincident with a shear zone found on the southern

portion of claim 3017412 and pyrite in gneiss was located near another anomaly.


The Ruza property lies approximately 2.5km from >250 Mt of Ni-Cu ore and >40 Mt of Footwall

ore contained in Levack Embayment. Mineralized Radial Offset dykes are rooted in other such

embayment structures around the Sudbury Basin however one has never been discovered

originating from Levack though the potential for one certainly exists.

Due to overburden cover and limited work this north east portion of the property is largely

unexplored. And Wallbridge has not explored any of the southern half of the property.

PROPOSED WORK

Mechanical/manual excavation of AeroTEM anomalies accessible by road to expose

the anomaly source.

Map AeroTEM anomalies to the south, one of which is related to a GeoTEM tau

anomaly.

Map the southern edge of the property looking for Offset dykes related to the Levack

Embayment Complex.

Re-submit dyke sample for Pb-Pb age to confirm SIC parentage.

Drill anomalies that have not been explained by mapping or trenching.

Documents

TECHNICAL REPORT ON THE NORTH RANGE ... REPORT ON THE NORTH RANGE PROPERTIES, SUDBURY, ONTARIO For WALLBRIDGE MINING COMPANY LIMITED By JOSHUA BAILEY, M.Sc., P.Geo. Effective Date: