diamond drill rpt - ontario

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Assessment Report for the TCH Diamond Project 2008 Spring Diamond Drill Program for Mining Claims TB # 3008413 to 3008419 Thunder Bay Mining Division Ontario, Canada Devonshire Resources Ltd. #1500, 701 West Georgia Street Vancouver, B.C., Canada V7Y 1C6 by ACA Howe International Limited, 330 Bay St., Suite 830 Toronto Ontario M5H 2S8 Prepared by David Cedergren October 23, 2008

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Page 1: DIAMOND DRILL RPT - Ontario

Assessment Report for the

TCH Diamond Project

2008 Spring Diamond Drill Program

for Mining Claims TB # 3008413 to 3008419

Thunder Bay Mining Division Ontario, Canada

Devonshire Resources Ltd. #1500, 701 West Georgia Street

Vancouver, B.C., Canada V7Y 1C6 by

ACA Howe International Limited, 330 Bay St., Suite 830 Toronto Ontario M5H 2S8 Prepared by David Cedergren

October 23, 2008

Page 2: DIAMOND DRILL RPT - Ontario

A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

1

TABLE OF CONTENTS

Introduction ………..2

TCH Diamond Property – Pic Claim Block ………. 2

Property Topography and Vegetation ………. 5

General Geology ………. 5

Previous Exploration Activity

Historical Work ………..6

Property Activities 2004 and 2005 ………..7

Devonshire Diamond Drilling Activities: April-May 2008 ………..9

Results of Drilling Program: April-May 2008 ………..6

Conclusions and Recommendations ………..15

Sources of Information ………..16

Appendix A: Pic Claim Block - Claim Abstracts

Appendix B: Diamond Drill Logs & Cross Sections

Appendix C: Programme Costs Per Claim & Drill Hole

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A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

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INTRODUCTION

This report is being submitted to fulfill the requirements of the Mining Act of Ontario.

This is proof of exploration work completed for the purpose of assessment credits. This report

titled “Assessment Report for the Diamond Exploration Drill Program, April-May 2008” and

dated October 23, 2008, contains the technical results and exploration expenditures relating to

Devonshire Resources Ltd’s (“Devonshire” or the “Company”) 2008 Spring diamond drilling

program carried out on its TCH Diamond Property-Pic Claim Block (“Property”) between April

15th and May 24th, 2008. The Property is situated in the Killala Lake area of north-central

Ontario within in the Thunder Bay Mining Division, NTS map sheet 42E2 (see Figure 1). The

2008 program consisted of 13 drill holes totaling 1,504 metres that tested several magnetic,

electromagnetic, and kimberlite indicator mineral anomalies for their diamond (kimberlite)

potential. Toronto-based consultants A.C.A. Howe International Limited (“Howe”) were

retained to provide personnel (one geologist) and technical supervision of the drilling program.

Devonshire (formerly Ripple Lake Diamonds Inc) is a publicly trading Vancouver-based

junior exploration company (TSXV-DSH) engaged in diamond exploration in Ontario and

Nunavut. Devonshire holds a 100% interest in the Property.

TCH DIAMOND PROPERTY - PIC CLAIM BLOCK

The Property consists of seven (7) mining claims- numbers 30084013 to 30084019

inclusive (Figure 2)- consisting of 108 claim units held in the name of Ripple Lake Diamonds

Inc. Table 1 below summarizes the current assessment status of the claims.

Table 1. Current assessment status of claims

from Ontario NMDM website: http://www.mci.mndm.gov.on.ca/claims/clm_mmen.cfm

Page 4: DIAMOND DRILL RPT - Ontario

A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

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Figure 1. Property Location

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Base Map Source: National Atlas of Canada, 1:10,000,000 digital map, http://geogratis.cgdi.gc.ca

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Page 5: DIAMOND DRILL RPT - Ontario

A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

4

Figure 2. TCH Diamond Property - Pic Claim Block

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A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

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Detailed claim abstracts for each of the 7 claims obtained online from the Ontario

Ministry of Northern Development and Mines (“MNDM”) website are presented in Appendix A.

PROPERTY TOPOGRAPHY AND VEGETATION

The topography of the Property area consists of low rolling to rugged hills with numerous

lakes and swamp filled valleys typical of the Canadian Shield. The elevation ranges from

approximately 1,000 ft. to 1,200 ft. above sea level. Glacio-lacustrene deposits are generally

restricted to low areas and may reach considerable depth in some of the larger drainage basins,

but overburden is generally thin in most areas.

The vegetation in the area is boreal forest. On the higher ground the vegetation is

predominantly spruce, birch and poplar with alder and maple undergrowth. Thick cedar swamps

are characteristic of the low wet areas located throughout project area. All creeks and river

systems drain southerly toward Lake Superior.

GENERAL GEOLOGY

The Property lies at the junction of the Wawa and Quetico subprovinces of the Superior

Structural Province of the Canadian Shield. The rocks comprise east-west trending interbedded

Archean meta-sedimentary and meta-volcanic rocks intruded by granitic and mafic intrusive

rocks. Younger Proterozoic intrusions include the Marathon diabase dyke swarm and alkalic

intrusions, of the Coldwell and Prairie Lake alkalic-carbonatite complexes and lamprophyre

dykes. The large number of dykes mapped in the area is clearly evident in the airborne magnetic

survey as long linear anomalies with a variety of strikes. Including are some distinct magnetic

lows which appear to reflect a north-northeast set of lamprophyre dykes.

The Trans-Superior Tectonic Zone (TSTZ) extends north-northeast through the area and

appears to be the locus of the considerable intrusive activity present. The TSTZ is similar to other

tectonic features in the Canadian Shield, such as the Kapuskasing Structural Zone and the Lake

Timiskaming Structural, along which diamond deposits have been found. Indeed, diamondiferous

kimberlites have been found in Michigan on the southern extension of the TSTZ. These major

structures provide deep-seated zones of weakness that tap into the mantle and provide conduits

along which kimberlites ascend.

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A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

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The intrusions which host diamond deposits are controlled by regional geology and tectonic

processes. The details of the local property geology are largely immaterial in the emplacement

diamond deposits.

In glaciated terrain where much of the overburden is exotic it is important to understand

the glacial history to establish the provenance of kimberlite indicator mineral anomalies. From

glacial striae there are 2 ice flow directions at 220o and 170o – 190o with the 220o direction being

the oldest (OGS, 2000a). The 220o direction is present throughout the area while the 170o – 190o

direction is only present in the south. A sub-glacial ‘lodgement’ till with material derived from

local bedrock is present almost everywhere, affords the best sample medium. Many of the glacial

deposits related to glacial retreat contain carbonate in the matrix derived from the closest

Palaeozoic rocks a long way away in the James Bay Lowlands. Both glaciofluvial and

glaciolacustrene deposits are present that can re-arrange and mask indicator mineral trains. Post

glacial landforms such as sand dunes and shoreline features which can also affect the disposition

of the till are also present. The Ontario Geological Survey (“OGS”) offers no glacial transport

distance for the area (OGS, 2000a), so an estimate of the proximity of the kimberlite source rocks

cannot be made.

PREVIOUS EXPLORATION ACTIVITY

Historical Work

Most of the previous historical work in the general area has been focused on gold and

base metal exploration and is not directly applicable to diamond exploration. However, there are

kimberlites and kimberlite-like ultramafic lamprophyre dykes associated with the TSTZ in

Michigan. There are also lamprophyre dykes mapped in several places in the Killala Lake area.

These dykes appear as several distinct north-trending magnetic lows that pass throughout the

area.

Two diatremes are known in the Ripple Lake area: the Ripple Lake diatreme and the

McKellar diatreme. Until recently, both diatremes were believed to be related to the Coldwell

Carbonatite-Alkalic Complex near Marathon. In November 2003, material collected from the

Ripple Lake diatreme yielded three microdiamonds from a 19.83 kg sample (Sample WN 6/1).

This was the first direct indication of primary diamond mineralization in the area. The presence

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A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

7

of diamonds indicated diamond-bearing mantle beneath the area, and significantly enhances the

diamond potential of the region.

In 1999, the OGS completed a KIM sampling program in the Marathon area and

identified seven areas and six individual anomalies with potential for diamond mineralization

(OGS, 2000a). The OGS also conducted a high resolution helicopter airborne magnetic and

electromagnetic geophysical survey of the area in 2000. Subsequently Devonshire engaged

Colorado-based Condor Consulting Inc. (“Condor”) to make a geophysical interpretation of the

OGS airborne magnetic and electromagnetic materials in order to identify kimberlite pipe-like

anomalies.

Property Activities: 2004 and 2005

In 2004, KM Diamond Exploration Ltd. prospected and sampled for kimberlite and

kimberlite indicator minerals (KIM) in the Killala Lake area. The main objective of the work

was to sample the study area for diamonds and indicator minerals, with a density of

approximately 2.15 samples per one km2. Local detailed sampling was done in 2005 (Figure 3)

and focused in on several key areas selected on the basis of the following criteria including

demonstrated high concentrations of KIM grains (according to the results of sampling in 2004)

and identified as magnetic or EM anomalies based the various geophysical interpretations.

The results of the exploration on the aforementioned claim blocks identified the presence of

a coarse picroilmenite halo that extends NNE-N for approximately 3 km with an average width of

500 m. Within this halo, a small micaceous kimberlite-like fragment was recovered in one of the

till samples. A number of positive and negative magnetic anomalies and EM anomalies were

also identified within the claim blocks.

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A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

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Figure 3. Killala Lake Area Historical Work

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A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

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DEVONSHIRE DIAMOND DRILLING: APRIL – MAY 2008

Between April 15th and May 24th 2008, Devonshire completed 13 holes totaling 1,500

metres of drilling on five of the Property’s seven claims. A skid-mounted hydro core diamond

drill, using thin walled AQTK rods and a 2-man crew (Photos 1 & 2), was contracted from

Chenier Drilling Services Ltd. of Hanmer, Ontario. Chenier maintained two 2-man crews on site

for the majority of the project, each crew working two 10-hour shifts. The Peninsula Inn in

Marathon, located approximately 100 km SE of the project site, was used as the logistics base for

the duration of the drilling program. Access to the Property was via existing logging roads,

though additional earthworks were needed to reach the drilling targets and prepare drill sites.

The following table summarizes the details for all 13 drillholes. Hole locations are

presented in Figure 3. Descriptive drill logs and cross sections are presented in Appendix B.

Table 1. Current assessment status of claims

UTM Coordinates (NAD83, Zone16) Hole Dip Azimuth Easting Northing Elev (m) Length (m)

TCH-08-001 -90 n/a 529,140 5,434,620 333 120.00 TCH-08-002 -68 270 528,980 5,435,520 327 75.00 TCH-08-003 -78 244 528,700 5,435,750 334 129.00 TCH-08-004 -85 200 529,450 5,436,300 367 150.00 TCH-08-005 -68 321 527,650 5,435,550 334 150.00 TCH-08-006 -60 315 528,230 5,435,610 358 150.00 TCH-08-007 -55 258 527,500 5,434,820 329 115.00 TCH-08-008 -45 270 527,512 5,435,303 324 115.00 TCH-08-009 -45 295 528,273 5,436,604 346 100.00 TCH-08-010 -45 295 528,355 5,436,567 334 100.00 TCH-08-011 -45 295 528,190 5,436,642 349 100.00 TCH-08-012 -45 295 528,108 5,436,679 344 100.00 TCH-08-013 -45 295 528,026 5,436,717 344 100.00

Photos 1 & 2: Skid-mounted Hydro-core diamond drill

Drill at location of hole TCH-08-02

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A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

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Figure 3. Drillhole Locations and Claims

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A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

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Following the completion of a hole, drill collars were marked with flagged posts. The core

was left stacked in several locations in the bush. Core from holes TCH-08-01 to TCH-08-08 was

stored at a central lay-down area off the logging access road at 528,000E and 5,434,700N. For

the remaining five holes, drill core was left stacked at the drill collar locations. The following are

brief descriptions of the 13 holes. Drill sections have been provided for only those holes which

intersected possible kimberlite lithologies: holes TCH-08-07 and 08.

TCH-08-01 (Claim 3008418)

Hole TCH-08-01 tested a positive magnetic anomaly identified by Condor on the North

Shore of Route Lake. The drill was able to set up directly over the anomaly and drilled to a depth

of 120 m. The hole intersected a moderately magnetic diabase dyke that is interpreted to be the

cause of the anomaly.

TCH-08-02 (Claim 3008416)

Hole TCH-08-02 tested a coincident EM/negative magnetic anomaly identified by Condor

over a small pot lake. The anomaly lay east of the coarse picroilmenite halo in an “up-ice”

direction. The hole was set up on the east side of the lake due to spring thaw conditions (Photo 1,

page 6) and was drilled at an inclination of -68 and bearing of 270o for 75 m. The hole was

terminated after encountering a small, very fine grained diabase dyke that is interpreted to be the

cause of the anomaly.

TCH-08-03 (Claim 3008416)

Hole TCH-08-03 tested an EM anomaly over a small lake that was identified by Orequest

Consultants. This anomaly lies approximately 200 m east of the coarse picroilmenite halo. The

drill was located along the lake’s shoreline and the hole drilled toward the centre of the anomaly.

A fine grained diabase dyke similar to that which was encountered in Hole TCH-08-02 was

encountered and the hole was terminated.

TCH-08-04 (Claim 3008414)

Hole TCH-08-04 tested a magnetic high identified by Orequest Consultants lying on the

east side of a small lake. This target is approximately 1 km up-ice of the concentrated sample

area. The hole intersected only granite and gneiss and the cause of the magnetic anomaly

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A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

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remains undetermined.

TCH-08-05 (Claim 3008415)

Hole TCH-08-05 tested a magnetic high anomaly located on the eastern edge of the coarse

picroilmenite halo. The hole intersected only granite and gneiss and the cause of the magnetic

anomaly remains undetermined.

TCH-08-06 (Claim 3008415)

Hole TCH-08-06 tested a magnetic high anomaly located within the coarse picroilmenite

halo and ~300 m directly up ice of where the kimberlite-like sample was recovered in 2005. The

hole intersected a moderately magnetic gneiss that may be the cause of the anomaly.

TCH-08-07 (Claim 3008415)

Hole TCH-08-07 tested a magnetic low anomaly located at the southern edge of the coarse

picroilmenite halo. The hole intersected a micaceous, highly magnetic, fine to medium grained

dyke with inequigranular texture. The rock has tentatively been described as lamprophyre

pending detailed petrographic study. A drill cross section of the hole is presented in Figure 5.

TCH-08-08 (Claim 3008415)

Hole TCH-08-08 was drilled directly up ice of TCH-08-07 and adjacent to where the

kimberlite-like sample was recovered in 2005. The hole intersected a dyke similar to that found

in hole TCH-08-07. The intercept in this borehole however contained a 40 cm intercept of much

coarser grained material. The rock has again been tentatively described as lamprophyre pending

a detailed petrographic study. A drill cross section of the hole is presented in Figure 6.

TCH-08-09 - TCH-08-13 (Claim 3008413)

Holes TCH-08-09 to 13 were designed to test the northern part of the coarse picroilmenite

halo for the lamprophyre lithology similar to that found in holes TCH-08-07 and 08. All the

holes were drilled at -45 dip, perpendicular to ice flow direction, as well as the strike of the

previously encountered dykes. For the most part, the holes intersected only granite and gneiss

with some minor sections of diabase dyke. The holes did not intersect the lamprophyre lithology

encountered in holes TCH-08-07 and 08.

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A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

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Figure 5. TCH-08-07 Cross-section

TCH-OS-07 Claim #: 3008415 - Killala Lake Area - ThunderBay Division Collar: UTM 527500E 5434820N (NADa3) Collar Elevation: 329m asl Astronomic Azimuth: 258 Dip -55 Length: 115metres

25metres

EOH 115m

TCH-08-07 Looking N12W (Astronomic)

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A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

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Figure 6. TCH-08-08 Cross-section

EOH 115m

TCH-08-08 Claim #: 3008415 - Killala Lake Area - ThunderBay Division Collar: UTM 527512E 5435303N (NADa3) Collar Elevation: 324m asl Astronomic Azimuth: 270 Dip -45 Length: 115metres

25metres

TCH-08-08 Looking North (Astronomic)

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A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

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Approximate costs pertaining to the diamond drill program are presented in Appendix C

of this report.

CONCLUSIONS AND RECOMMENDATIONS

The results of the 2008 Spring diamond drill program can be utilized for additional

fieldwork and investigating other priority targets as part of an ongoing diamond exploration of

the Property area.

Respectfully Submitted:

A.C.A. Howe International Limited

David Cedergren Geologist

October 23, 2008

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A.C.A. HOWE INTERNATIONAL LIMITED Assessment Report –TCH Diamond Project: 2008 Drill Program

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SOURCES OF INFORMATION

Kaminsky, F.V., Krasilnikov, A.S., Pogorelov, M.E., Shpanov, V.E., 2005: Report on the

2005 Field Sampling Program for Diamonds in the Ripple Lake Area, Northwestern Ontario, for Ripple Lake Diamonds Inc.

LeBel, J.L., 2004: Summary Report on the TCH Diamond Project, Thunder Bay Mining Division Ontario, for Ripple Lake Diamonds Inc.

OGS, 2000a: Kimberlite, Base metal, Gold and carbonatite Exploration Targets, derived from Overburden Heavy Mineral Data, Killala Lake Area, Northwestern Ontario. Ontario Geological Survey Open File Report 6013

Page 18: DIAMOND DRILL RPT - Ontario

Appendix A

Pic Claim Block Claim Abstracts

from Ontario MNDM website: http://www.mci.mndm.gov.on.ca/claims/clm_mmen.cfm

Page 19: DIAMOND DRILL RPT - Ontario

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Mining Claim Abstract| Main Menu | Back |

THUNDER BAY - Division 40 Claim No: TB 3008413 Status: ACTIVE

Due Date: 2008-Nov-26 Recorded: 2004-Feb-26Work Required: $ 12,000 Staked: 2004-Feb-19 14:00

Total Work: $ 6,000 Township/Area: KILLALA LAKE (G-0596)Total Reserve: $ 9 Lot Description:Present WorkAssignment: $ 0 Claim Units: 15

Claim Bank: $ 0

Claim Holders

Recorded Holder(s) Percentage Client NumberRIPPLE LAKE DIAMONDS INC. ( 100.00 %) 401819

Transaction Listing

Type Date Applied Description Performed NumberSTAKER 2004-Feb-26 RECORDED BY HICKMAN, CLIFFORD NEIL (E34118) R0440.00852STAKER 2004-Feb-26 HICKMAN, CLIFFORD NEIL (303040) RECORDS 100.00

% IN THE NAME OF STARES, STEPHEN A (197243)R0440.00855

TRAN 2004-Jun-22 STARES, STEPHEN A (197243) TRANSFERS 100.00 %TO RIPPLE LAKE MINERALS INC. (401819)

T0440.00233

MISC 2004-Nov-25 CLIENT (401819) CHANGES NAME FROM RIPPLE LAKEMINERALS INC. TO RIPPLE LAKE DIAMONDS INC.

X0400.00060

OTHER 2006-Feb-24 WORK PERFORMED (AMAG, GCHEM, GEOL, MICRO)APPROVED: 2006-JUN-27 Previously: 6925

$ 6,191 Q0640.00351

WORK 2006-Feb-24 $ 6,000 WORK APPLIED (AMAG, GCHEM, GEOL, MICRO)APPROVED: 2006-JUN-27

W0640.00351

OTHER 2007-Jan-26 WORK PERFORMED (GCHEM) APPROVED:2007-MAR-16

$ 614 Q0740.00168

ORDER 2007-Feb-15 RECORDER EXTENDS TIME UNTIL AND INCLUDING2008-FEB-26 FOR WORK AND FILING THEREOF.

D0740.00073

OTHER 2007-Apr-03 WORK PERFORMED (MAG) APPROVED: 2007-JUN-08 $ 4,499 Q0740.00627

Mining Lands - Mining Divisions of Ontario http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm...

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ORDER 2008-Feb-25 MINISTER'S ORDER EXTENDS TIME UNTIL ANDINCLUDING 2008-NOV-26 FOR WORK AND FILINGTHEREOF

O0840.00040

Claim Reservations

01 400' surface rights reservation around all lakes and rivers02 Sand and gravel reserved03 Peat reserved04 Other reservations under the Mining Act may apply05 Including land under water06 Excluding road

HomeMines and MineralsNorthern DevelopmentNewsSite MapContact Us

PrivacyImportant Notices

Copyright information: © Queen's Printer for Ontario, 2008

Mining Lands - Mining Divisions of Ontario http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm...

2 of 2 24/10/2008 3:59 PM

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Mining Claim Abstract| Main Menu | Back |

THUNDER BAY - Division 40 Claim No: TB 3008414 Status: ACTIVE

Due Date: 2008-Nov-26 Recorded: 2004-Feb-26Work Required: $ 12,000 Staked: 2004-Feb-19 15:30

Total Work: $ 6,000 Township/Area: KILLALA LAKE (G-0596)Total Reserve: $ 0 Lot Description:Present WorkAssignment: $ 0 Claim Units: 15

Claim Bank: $ 0

Claim Holders

Recorded Holder(s) Percentage Client NumberRIPPLE LAKE DIAMONDS INC. ( 100.00 %) 401819

Transaction Listing

Type Date Applied Description Performed NumberSTAKER 2004-Feb-26 RECORDED BY HICKMAN, CLIFFORD NEIL (E34118) R0440.00852STAKER 2004-Feb-26 HICKMAN, CLIFFORD NEIL (303040) RECORDS 100.00

% IN THE NAME OF STARES, STEPHEN A (197243)R0440.00855

TRAN 2004-Jun-22 STARES, STEPHEN A (197243) TRANSFERS 100.00 %TO RIPPLE LAKE MINERALS INC. (401819)

T0440.00233

MISC 2004-Nov-25 CLIENT (401819) CHANGES NAME FROM RIPPLE LAKEMINERALS INC. TO RIPPLE LAKE DIAMONDS INC.

X0400.00060

OTHER 2006-Feb-24 WORK PERFORMED (AMAG, GCHEM, GEOL, MICRO)APPROVED: 2006-JUN-27 Previously: 6925

$ 6,191 Q0640.00351

WORK 2006-Feb-24 $ 6,000 WORK APPLIED (AMAG, GCHEM, GEOL, MICRO)APPROVED: 2006-JUN-27

W0640.00351

OTHER 2007-Jan-26 WORK PERFORMED (GCHEM) APPROVED:2007-MAR-16

$ 83 Q0740.00168

ORDER 2007-Feb-15 RECORDER EXTENDS TIME UNTIL AND INCLUDING2008-FEB-26 FOR WORK AND FILING THEREOF.

D0740.00073

Mining Lands - Mining Divisions of Ontario http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm...

1 of 2 24/10/2008 4:00 PM

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ORDER 2008-Feb-25 MINISTER'S ORDER EXTENDS TIME UNTIL ANDINCLUDING 2008-NOV-26 FOR WORK AND FILINGTHEREOF

O0840.00040

Claim Reservations

01 400' surface rights reservation around all lakes and rivers02 Sand and gravel reserved03 Peat reserved04 Other reservations under the Mining Act may apply05 Including land under water06 Excluding road

HomeMines and MineralsNorthern DevelopmentNewsSite MapContact Us

PrivacyImportant Notices

Copyright information: © Queen's Printer for Ontario, 2008

Mining Lands - Mining Divisions of Ontario http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm...

2 of 2 24/10/2008 4:00 PM

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HomeMines and MineralsNorthern DevelopmentNewsSite MapContact Us

Mining Claim Abstract| Main Menu | Back |

THUNDER BAY - Division 40 Claim No: TB 3008415 Status: ACTIVE

Due Date: 2008-Nov-26 Recorded: 2004-Feb-26Work Required: $ 12,000 Staked: 2004-Feb-20 13:30

Total Work: $ 6,000 Township/Area: KILLALA LAKE (G-0596)Total Reserve: $ 10 Lot Description:Present WorkAssignment: $ 0 Claim Units: 15

Claim Bank: $ 0

Claim Holders

Recorded Holder(s) Percentage Client NumberRIPPLE LAKE DIAMONDS INC. ( 100.00 %) 401819

Transaction Listing

Type Date Applied Description Performed NumberSTAKER 2004-Feb-26 RECORDED BY HICKMAN, CLIFFORD NEIL (E34118) R0440.00852STAKER 2004-Feb-26 HICKMAN, CLIFFORD NEIL (303040) RECORDS 100.00

% IN THE NAME OF STARES, STEPHEN A (197243)R0440.00855

TRAN 2004-Jun-22 STARES, STEPHEN A (197243) TRANSFERS 100.00 %TO RIPPLE LAKE MINERALS INC. (401819)

T0440.00233

MISC 2004-Nov-25 CLIENT (401819) CHANGES NAME FROM RIPPLE LAKEMINERALS INC. TO RIPPLE LAKE DIAMONDS INC.

X0400.00060

OTHER 2006-Feb-24 WORK PERFORMED (AMAG, GCHEM, GEOL, MICRO)APPROVED: 2006-JUN-27 Previously: 6925

$ 6,191 Q0640.00351

WORK 2006-Feb-24 $ 6,000 WORK APPLIED (AMAG, GCHEM, GEOL, MICRO)APPROVED: 2006-JUN-27

W0640.00351

OTHER 2007-Jan-26 WORK PERFORMED (GCHEM) APPROVED:2007-MAR-16

$ 1,463 Q0740.00168

ORDER 2007-Feb-15 RECORDER EXTENDS TIME UNTIL AND INCLUDING2008-FEB-26 FOR WORK AND FILING THEREOF.

D0740.00073

OTHER 2007-Apr-03 WORK PERFORMED (MAG) APPROVED: 2007-JUN-08 $ 4,470 Q0740.00627

Mining Lands - Mining Divisions of Ontario http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm...

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ORDER 2008-Feb-25 MINISTER'S ORDER EXTENDS TIME UNTIL ANDINCLUDING 2008-NOV-26 FOR WORK AND FILINGTHEREOF

O0840.00040

Claim Reservations

01 400' surface rights reservation around all lakes and rivers02 Sand and gravel reserved03 Peat reserved04 Other reservations under the Mining Act may apply05 Including land under water06 Excluding road

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Mining Claim Abstract| Main Menu | Back |

THUNDER BAY - Division 40 Claim No: TB 3008416 Status: ACTIVE

Due Date: 2008-Nov-26 Recorded: 2004-Feb-26Work Required: $ 12,000 Staked: 2004-Feb-19 15:30

Total Work: $ 6,000 Township/Area: KILLALA LAKE (G-0596)Total Reserve: $ 4 Lot Description:Present WorkAssignment: $ 0 Claim Units: 15

Claim Bank: $ 0

Claim Holders

Recorded Holder(s) Percentage Client NumberRIPPLE LAKE DIAMONDS INC. ( 100.00 %) 401819

Transaction Listing

Type Date Applied Description Performed NumberSTAKER 2004-Feb-26 RECORDED BY HICKMAN, CLIFFORD NEIL (E34118) R0440.00852STAKER 2004-Feb-26 HICKMAN, CLIFFORD NEIL (303040) RECORDS 100.00

% IN THE NAME OF STARES, STEPHEN A (197243)R0440.00855

TRAN 2004-Jun-22 STARES, STEPHEN A (197243) TRANSFERS 100.00 %TO RIPPLE LAKE MINERALS INC. (401819)

T0440.00233

MISC 2004-Nov-25 CLIENT (401819) CHANGES NAME FROM RIPPLE LAKEMINERALS INC. TO RIPPLE LAKE DIAMONDS INC.

X0400.00060

OTHER 2006-Feb-24 WORK PERFORMED (AMAG, GCHEM, GEOL, MICRO)APPROVED: 2006-JUN-27 Previously: 6925

$ 6,191 Q0640.00351

WORK 2006-Feb-24 $ 6,000 WORK APPLIED (AMAG, GCHEM, GEOL, MICRO)APPROVED: 2006-JUN-27

W0640.00351

OTHER 2007-Jan-26 WORK PERFORMED (GCHEM) APPROVED:2007-MAR-16

$ 83 Q0740.00168

ORDER 2007-Feb-15 RECORDER EXTENDS TIME UNTIL AND INCLUDING2008-FEB-26 FOR WORK AND FILING THEREOF.

D0740.00073

OTHER 2007-Apr-03 WORK PERFORMED (MAG) APPROVED: 2007-JUN-08 $ 5,294 Q0740.00627

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Page 26: DIAMOND DRILL RPT - Ontario

ORDER 2008-Feb-25 MINISTER'S ORDER EXTENDS TIME UNTIL ANDINCLUDING 2008-NOV-26 FOR WORK AND FILINGTHEREOF

O0840.00040

Claim Reservations

01 400' surface rights reservation around all lakes and rivers02 Sand and gravel reserved03 Peat reserved04 Other reservations under the Mining Act may apply05 Including land under water06 Excluding road

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PrivacyImportant Notices

Copyright information: © Queen's Printer for Ontario, 2008

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2 of 2 24/10/2008 4:00 PM

Page 27: DIAMOND DRILL RPT - Ontario

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Mining Claim Abstract| Main Menu | Back |

THUNDER BAY - Division 40 Claim No: TB 3008417 Status: ACTIVE

Due Date: 2008-Nov-26 Recorded: 2004-Feb-26Work Required: $ 12,800 Staked: 2004-Feb-20 16:00

Total Work: $ 6,400 Township/Area: KILLALA LAKE (G-0596)Total Reserve: $ 0 Lot Description:Present WorkAssignment: $ 0 Claim Units: 16

Claim Bank: $ 0

Claim Holders

Recorded Holder(s) Percentage Client NumberRIPPLE LAKE DIAMONDS INC. ( 100.00 %) 401819

Transaction Listing

Type Date Applied Description Performed NumberSTAKER 2004-Feb-26 RECORDED BY HICKMAN, CLIFFORD NEIL (E34118) R0440.00852STAKER 2004-Feb-26 HICKMAN, CLIFFORD NEIL (303040) RECORDS 100.00

% IN THE NAME OF STARES, STEPHEN A (197243)R0440.00855

TRAN 2004-Jun-22 STARES, STEPHEN A (197243) TRANSFERS 100.00 %TO RIPPLE LAKE MINERALS INC. (401819)

T0440.00233

MISC 2004-Nov-25 CLIENT (401819) CHANGES NAME FROM RIPPLE LAKEMINERALS INC. TO RIPPLE LAKE DIAMONDS INC.

X0400.00060

OTHER 2006-Feb-24 WORK PERFORMED (AMAG, GCHEM, GEOL, MICRO)APPROVED: 2006-JUN-27 Previously: 7386

$ 6,603 Q0640.00351

WORK 2006-Feb-24 $ 6,400 WORK APPLIED (AMAG, GCHEM, GEOL, MICRO)APPROVED: 2006-JUN-27

W0640.00351

OTHER 2007-Jan-26 WORK PERFORMED (GCHEM) APPROVED:2007-MAR-16

$ 404 Q0740.00168

ORDER 2007-Feb-15 RECORDER EXTENDS TIME UNTIL AND INCLUDING2008-FEB-26 FOR WORK AND FILING THEREOF.

D0740.00073

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1 of 2 24/10/2008 4:01 PM

Page 28: DIAMOND DRILL RPT - Ontario

ORDER 2008-Feb-25 MINISTER'S ORDER EXTENDS TIME UNTIL ANDINCLUDING 2008-NOV-26 FOR WORK AND FILINGTHEREOF

O0840.00040

Claim Reservations

01 400' surface rights reservation around all lakes and rivers02 Sand and gravel reserved03 Peat reserved04 Other reservations under the Mining Act may apply05 Including land under water06 Excluding road

HomeMines and MineralsNorthern DevelopmentNewsSite MapContact Us

PrivacyImportant Notices

Copyright information: © Queen's Printer for Ontario, 2008

Mining Lands - Mining Divisions of Ontario http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm...

2 of 2 24/10/2008 4:01 PM

Page 29: DIAMOND DRILL RPT - Ontario

HomeMines and MineralsNorthern DevelopmentNewsSite MapContact Us

Mining Claim Abstract| Main Menu | Back |

THUNDER BAY - Division 40 Claim No: TB 3008418 Status: ACTIVE

Due Date: 2008-Nov-26 Recorded: 2004-Feb-26Work Required: $ 12,800 Staked: 2004-Feb-20 16:00

Total Work: $ 6,400 Township/Area: KILLALA LAKE (G-0596)Total Reserve: $ 10 Lot Description:Present WorkAssignment: $ 0 Claim Units: 16

Claim Bank: $ 0

Claim Holders

Recorded Holder(s) Percentage Client NumberRIPPLE LAKE DIAMONDS INC. ( 100.00 %) 401819

Transaction Listing

Type Date Applied Description Performed NumberSTAKER 2004-Feb-26 RECORDED BY HICKMAN, CLIFFORD NEIL (E34118) R0440.00852STAKER 2004-Feb-26 HICKMAN, CLIFFORD NEIL (303040) RECORDS 100.00

% IN THE NAME OF STARES, STEPHEN A (197243)R0440.00855

TRAN 2004-Jun-22 STARES, STEPHEN A (197243) TRANSFERS 100.00 %TO RIPPLE LAKE MINERALS INC. (401819)

T0440.00233

MISC 2004-Nov-25 CLIENT (401819) CHANGES NAME FROM RIPPLE LAKEMINERALS INC. TO RIPPLE LAKE DIAMONDS INC.

X0400.00060

OTHER 2006-Feb-24 WORK PERFORMED (AMAG, GCHEM, GEOL, MICRO)APPROVED: 2006-JUN-27 Previously: 7386

$ 6,603 Q0640.00351

WORK 2006-Feb-24 $ 6,400 WORK APPLIED (AMAG, GCHEM, GEOL, MICRO)APPROVED: 2006-JUN-27

W0640.00351

OTHER 2007-Jan-26 WORK PERFORMED (GCHEM) APPROVED:2007-MAR-16

$ 85 Q0740.00168

ORDER 2007-Feb-15 RECORDER EXTENDS TIME UNTIL AND INCLUDING2008-FEB-26 FOR WORK AND FILING THEREOF.

D0740.00073

OTHER 2007-Apr-03 WORK PERFORMED (MAG) APPROVED: 2007-JUN-08 $ 5,940 Q0740.00627

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Page 30: DIAMOND DRILL RPT - Ontario

ORDER 2008-Feb-25 MINISTER'S ORDER EXTENDS TIME UNTIL ANDINCLUDING 2008-NOV-26 FOR WORK AND FILINGTHEREOF

O0840.00040

Claim Reservations

01 400' surface rights reservation around all lakes and rivers02 Sand and gravel reserved03 Peat reserved04 Other reservations under the Mining Act may apply05 Including land under water06 Excluding road

HomeMines and MineralsNorthern DevelopmentNewsSite MapContact Us

PrivacyImportant Notices

Copyright information: © Queen's Printer for Ontario, 2008

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Mining Claim Abstract| Main Menu | Back |

THUNDER BAY - Division 40 Claim No: TB 3008419 Status: ACTIVE

Due Date: 2008-Nov-26 Recorded: 2004-Feb-26Work Required: $ 12,800 Staked: 2004-Feb-20 15:40

Total Work: $ 6,400 Township/Area: KILLALA LAKE (G-0596)Total Reserve: $ 0 Lot Description:Present WorkAssignment: $ 0 Claim Units: 16

Claim Bank: $ 0

Claim Holders

Recorded Holder(s) Percentage Client NumberRIPPLE LAKE DIAMONDS INC. ( 100.00 %) 401819

Transaction Listing

Type Date Applied Description Performed NumberSTAKER 2004-Feb-26 RECORDED BY HICKMAN, CLIFFORD NEIL (E34118) R0440.00852STAKER 2004-Feb-26 HICKMAN, CLIFFORD NEIL (303040) RECORDS 100.00

% IN THE NAME OF STARES, STEPHEN A (197243)R0440.00855

TRAN 2004-Jun-22 STARES, STEPHEN A (197243) TRANSFERS 100.00 %TO RIPPLE LAKE MINERALS INC. (401819)

T0440.00233

MISC 2004-Nov-25 CLIENT (401819) CHANGES NAME FROM RIPPLE LAKEMINERALS INC. TO RIPPLE LAKE DIAMONDS INC.

X0400.00060

OTHER 2006-Feb-24 WORK PERFORMED (AMAG, GCHEM, GEOL, MICRO)APPROVED: 2006-JUN-27 Previously: 7386

$ 6,603 Q0640.00351

WORK 2006-Feb-24 $ 6,400 WORK APPLIED (AMAG, GCHEM, GEOL, MICRO)APPROVED: 2006-JUN-27

W0640.00351

OTHER 2007-Jan-26 WORK PERFORMED (GCHEM) APPROVED:2007-MAR-16

$ 32 Q0740.00168

ORDER 2007-Feb-15 RECORDER EXTENDS TIME UNTIL AND INCLUDING2008-FEB-26 FOR WORK AND FILING THEREOF.

D0740.00073

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Page 32: DIAMOND DRILL RPT - Ontario

ORDER 2008-Feb-25 MINISTER'S ORDER EXTENDS TIME UNTIL ANDINCLUDING 2008-NOV-26 FOR WORK AND FILINGTHEREOF

O0840.00040

Claim Reservations

01 400' surface rights reservation around all lakes and rivers02 Sand and gravel reserved03 Peat reserved04 Other reservations under the Mining Act may apply05 Including land under water06 Excluding road

HomeMines and MineralsNorthern DevelopmentNewsSite MapContact Us

PrivacyImportant Notices

Copyright information: © Queen's Printer for Ontario, 2008

Mining Lands - Mining Divisions of Ontario http://www.mci.mndm.gov.on.ca/Claims/Cf_Claims/clm_cssm.cfm...

2 of 2 24/10/2008 4:02 PM

Page 33: DIAMOND DRILL RPT - Ontario

Appendix B

Diamond Drill Logs & Cross Sections

Page 34: DIAMOND DRILL RPT - Ontario

Drillhole ID: TCH-08-01

UTM NAD83 Zone 16

Easting (m): 529140 Logged by: D.Cedergren

Northing (m): 5434620 Date: April 20, 2008

Elevation (m): 333

Drill Company: Chenier

Azimuth: N/A Drill Type:

Dip: -90 Core Size: AQTK

Total Depth: 120 Date Completed: April 17, 2008

From (m) To (m) Rock Type Description

0 1.5 OVB

1.5 120 Diabase

Homogenous, fine to medium grained diabase from top to bottom. Interstitial texture with dark green/grey colour. Unit is highly fractured, fractures occur at an angle ~45 deg. TCA with common slickensided surfaces. Prevalent carbonate veins from 100.5 – 103.5 at 45 Deg. TCA. Minor sulphide mineralization throughout. From 43.7 – 45.5 there is a massive, very, very fine grained dark green intrusion that has ~90 deg contact with the main unit.

Page 35: DIAMOND DRILL RPT - Ontario

Overburden

Diabase

50m

100m

EOH120m25metres

25m

etr

es

TCH-08-01Claim #:Collar: UTM 529140E 5434620N (NAD83)Collar Elevation: 333m aslAstronomic Azimuth: n/aDip -90Length: 120metres

3008418 - Killala Lake Area - ThunderBay Division

TCH-08-01Looking North (Astronomic)

Page 36: DIAMOND DRILL RPT - Ontario

Drillhole ID: TCH-08-02

UTM NAD83 Zone 16

Easting (m): 529002 Logged by: D.Cedergren

Northing (m): 5435522 Date: April 24, 2008

Elevation (m): 327

Drill Company: Chenier

Azimuth: 270 Drill Type:

Dip: -68 Core Size: AQTK

Total Depth: 75 Date Completed: April 23, 2008

From (m) To (m) Rock Type Description

0 11 OVB

11 13 Granite

Dominantly fine grained granite White to light pink in colour. Massive to weakly foliated. 50-60% qtz., 10-15% k-feldspar, 10-15% plag., 5-10% bt.

13 17.1 Tonalite gneiss Micaceous (~50% bt.), strongly foliated, f.g. tonalite gneiss, <5% k-spar.

17.1 21 Tonalite Fine grained tonalite, same as above but with more massive texture.

21 41 Granite

Dark granite. Dark grey/black and pink/orange with glassy look. Fine to coarse grained. Some intercepts are foliated – close to gneiss.

41 51.6 Granite

Fine to med. Grained, highly altered granite. Altered to bright orange colour (hematite ?). ~50% qtz., up to 20% micas.

51.6 62.9 Diabase

V.f. grained mafic dike. Dark blue green colour, massive, homogenous unit. Qtz., veining is common at ~45 de. TCA. Veins have unknown green mineralization as well as minor sulphide mineralization. Contacts are sharp @ ~90 deg. TCA

62.9 75 Tonalite/Granite

gneiss

Dominantly Tonalite/granite gneiss. Weakly to strongly foliated with some small schistose intervals.

Page 37: DIAMOND DRILL RPT - Ontario

Overburden

Granite

Granite

Granite

Tonalite/Granite

Gneiss

Diabase

Tonalite Gneiss

Tonalite

50m

EOH75m

25metres

25m

etr

es

TCH-08-02Claim #:Collar: UTM 529002E 5435522N (NAD83)Collar Elevation: 324m aslAstronomic Azimuth: 270Dip -68Length: 75metres

3008416 - Killala Lake Area - ThunderBay Division

TCH-08-02Looking North (Astronomic)

Page 38: DIAMOND DRILL RPT - Ontario

Drillhole ID: TCH-08-03

UTM NAD83 Zone 16

Easting (m): 528710 Logged by: D.Cedergren

Northing (m): 5435755 Date: May 29, 2008

Elevation (m): 334

Drill Company: Chenier

Azimuth: 244 Drill Type:

Dip: -78 Core Size: AQTK

Total Depth: 129 Date Completed: May 27, 2008

From (m) To (m) Rock Type Description

0 1.5 OVB

1.5 16.4 Tonalite

Fine grained Tonalite. ~50% qtz., ~25% plag., ~10% bt., <5% K-feldspar. At 9 m is a 10cm thick schist interval.

16.4 25.15 Tonalite Gneiss

Micaceous tonalite gneiss with subordinate schist. Mica content varies from 25-60%. Chlorite alteration associated with more schistose intervals.

25.15 49.5 Tonalite/Granite F-med. Grained, massive tonalite/granite. 50-70 % qtz. content. Light grey colour.

49.5 72.7 Tonalite Gneiss

Strongly foliated, f.g tonalite gneiss with subordinate c.g grained granite from 55.6 – 57.5m.

72.7 77.16 Diabase

Massive, dark blue/green dike as seen in hole TCH-08-02. Contacts are ~70 deg. TCA. Very, very fine grained rock.

77.16 94 Tonalite Gneiss Strongly foliated, f.g tonalite gneiss.

94 117 Tonalite Massive, f.g tonalite, white to light grey.

117 122.9 Granite M.g massive granite. Grey/orange in colour with some hematite (?) staining throughout.

122.9 129 Tonalite Massive. Light grey/white, fine grained tonalite. Up to 15% mica (bt.)

Page 39: DIAMOND DRILL RPT - Ontario

Overburden

Tonalite

Tonalite Gneiss

Tonalite Gneiss

Tonalite Gneiss

Tonalite

Tonalite

Granite

Diabase

Tonalite Granite

50m

100m

EOH129m

25metres

25m

etr

es

TCH-08-03Claim #:Collar: UTM 528710E 5435755N (NAD83)Collar Elevation: 334m aslAstronomic Azimuth: 244Dip -78Length: 129metres

3008416 - Killala Lake Area - ThunderBay Division

TCH-08-03Looking N26W (Astronomic)

Page 40: DIAMOND DRILL RPT - Ontario

Drillhole ID: TCH-08-04

UTM NAD83 Zone 16

Easting (m): 529452 Logged by: D.Cedergren

Northing (m): 5436305 Date: May 2, 2008

Elevation (m): 367

Drill Company: Chenier

Azimuth: 200 Drill Type:

Dip: -85 Core Size: AQTK

Total Depth: 150 Date Completed: May 5, 2008

From (m) To (m) Rock Type Description

0 1 Casing

1 13.8 Gneiss

Tonalite gneiss with up to 50% bt. Qtz is 30-50%, up to 20% plag. Strong foliated texture. 5.05 – 6.25 m is a massive qtz rich tonalite, including a 5cm wide schist at 5.3 m. Contact is Sharp irregular @~90 deg. TCA.

13.8 19.8 Granite

Med. Grained, massive granite with subordinate gneiss intervals. 50-60% qtz., 15% plag., 15% K-feldspar, ~10% micas. Contact is Sharp irregular at ~50deg. TCA.

19.8 38.7 Gneiss

Fine grained, strongly foliated, white and black tonalite gneiss with subordinate massive tonalite from 24.1–27.95, 31.45–32.75, 34.8–35.9. Sharp straight contact at ~75 deg. TCA

38.7 41.7 Granite

F-m.g granite. Weakly foliated, up to 20% k-feldspar, 40-60% qtz., minor plag, bt. Pink/grey colour.

41.7 62.7 Gneiss

Tonalite gneiss with up to %50 biotite at top of unit but gradually decreasing to ~25% downhole. Quartz rich – up to 70%.

62.7 67.55 Granite F-coarse grained granite, weakly foliated.

67.55 96.95 Gneiss

Same as previous tonalite gneiss. Subordinate tonalite/granite from: 79-81.6, 83-84.45, 89.8-92.55, 93.05-95.5. Becomes more schistose downhole – up to 70% bt.

96.95 101.65 Granite?

Highly altered granitoid. Red/brown and light green colour with mottled texture. Very hard due to high qtz content. Sharp straight contact is 45 deg. TCA.

Page 41: DIAMOND DRILL RPT - Ontario

101.65 141.5 Gneiss

Same as alternating tonalite gneiss, massive granite intervals from above. C.g granite, massive granite from: 112.8-114.4, 122-123.15m.

141.5 142.95 Granite Coarse grained granite with ~50% qtz., ~25% K-feldspar, 10-15% micas.

142.95 144.55 Schist ~80% micas.

144.55 149 Gneiss f.g, strongly foliated, tonalite gneiss as above.

149 149.65 Granite C.g., massive granite.

149.65 150 Schist ~80% micas.

Page 42: DIAMOND DRILL RPT - Ontario

Casing

Gneiss

Gneiss

Gneiss

Gneiss

Gneiss

Gneiss

Granite

Granite

Granite

Granite

Granite

Granite

Schist

Schist

50m

100m

EOH150m

50metres

50m

etr

es

TCH-08-04Claim #:Collar: UTM 529452E 5436305N (NAD83)Collar Elevation: 367m aslAstronomic Azimuth: 200Dip -85Length: 150metres

3008414 - Killala Lake Area - ThunderBay Division

TCH-08-04Looking N70W (Astronomic)

Page 43: DIAMOND DRILL RPT - Ontario

Drillhole ID: TCH-08-05

UTM NAD83 Zone 16

Easting (m): 527659 Logged by: D.Cedergren

Northing (m): 5435539 Date: May 23, 2008

Elevation (m): 334

Drill Company: Chenier

Azimuth: 315 Drill Type:

Dip: -60 Core Size: AQTK

Total Depth: 150 Date Completed: May 5, 2008

From (m) To (m) Rock Type Description

0 1.5 OVB

1.5 14.5 Gneiss

Dominantly tonalite gneiss with 5% m-c.g granite. Gneiss is strongly foliated, f.g., black and white in colour. Moderately magnetic. Sharp straight contact at 60 deg. TCA.

14.5 21.6 Granite Massive, f-m grained granite. ~60% qtz., 5-20% K-feldspar, ~20% plagioclase.

21.6 30.1 Gneiss

Highly magnetic tonalite gneiss. Subordinate schistose intervals. Contact is broken and undefined with brecciated granite within, with prevalent qtz. veining.

30.1 33.65 Granite

M-c. grained, darker grey/pink colour. ~50% qtz., ~20 K-spar. Abundant qtz. veining at 0-20 deg. TCA. Sharp irregular contact at ~80 deg. TCA.

33.65 34.7 Schist Schist with up to 80% mica. Mainly biotite with common chlorite alteration.

34.7 68.7 Gneiss Tonalite gneiss. Sharp straight contact at 60 deg. TCA.

68.7 105 Tonalite Overall massive but is ~15% strongly foliated tonalite gneiss.

105 126.9 Gneiss Tonalite gneiss as above.

126.9 127.3 Schist Black, very soft due to high mica content – up to 80-90%.

127.3 129.5 Granite Coarse grained, massive granite with ~60% qtz., ~20 K-feldspar, ~10% plag.

129.5 150 Gneiss Tonalite gneiss with subordinate massive granite (30%).

Page 44: DIAMOND DRILL RPT - Ontario

OverburdenGneiss

Gneiss

Gneiss

Gneiss

Gneiss

Tonalite

Granite

Granite

GraniteSchist

Schist

50m

100m

EOH150m

50metres

50m

etr

es

TCH-08-05Claim #:Collar: UTM 527659E 5435539N (NAD83)Collar Elevation: 334m aslAstronomic Azimuth: 315Dip -60Length: 150metres

3008415 - Killala Lake Area - ThunderBay Division

TCH-08-05Looking N45E (Astronomic)

Page 45: DIAMOND DRILL RPT - Ontario

Drillhole ID: TCH-08-06

UTM NAD83 Zone 16

Easting (m): 528234 Logged by: D.Cedergren

Northing (m): 5435609 Date: May 23, 2008

Elevation (m): 358

Drill Company: Chenier

Azimuth: 315 Drill Type:

Dip: -60 Core Size: AQTK

Total Depth: 150 Date Completed: May 10, 2008

From (m) To (m) Rock Type Description

0 1.5 OVB

1.5 12.65 Granodiorite

Fine grained, massive, dark bluish grey in colour. ~20% Qtz., 20-30% plagioclase, 10-20% micas, common pyroxene and hornblende. Sharp contact @ 20 deg. TCA

12.65 13.45 Granite

F.g granite. Massive texture. ~60% qtz., ~15% plag., ~15% k-feldspar, ~10% mica. At 13.25 m there is a 3 cm wide intercept of diabase (?) with contacts at ~60 deg. TCA. Contact is sharp straight at 45 deg. TCA.

13.45 16.1 Granodiorite

Similar to above granodorite only this unit is very, very fine grained. M.g granite interval from 14.8 – 14.85 m. Undefined contact

16.1 33.85 Granodiorite

Massive to weakly foliated, med-fine grained and dark grey in colour. 30-40% qtz,, 20% plagioclase, 20% hornblende, 10% biotite. Sharp contact @ ~45 deg. TCA with minor sulphide mineralization.

33.85 98.4 Granite

Medium to coarse grained, overall massive with ~20% foliated gneiss. 50-60% qtz., 10-20% k-feldspar, 10-20% plag., minor bt. and hornblende. Fine grained mafic dike intervals from 84.6-84.85 and 85-85.15m with 45 deg TCA contacts. Gradational contact with tonalite gneiss.

98.4 108.95 Gneiss

Weakly magnetic tonalite gneiss with 20-30% biotite. Interval of pure quartz from 117.55-119.45 m is white/light pink with green/pink altered granite mixed throughout (20%).

108.95 138.75 Granite Fine to medium grained, massive granite. Light grey pink in colour.

Page 46: DIAMOND DRILL RPT - Ontario

138.75 150 Gneiss Tonalite gneiss, weakly magnetic. 20% subordinate f.g, massive granite.

Page 47: DIAMOND DRILL RPT - Ontario

50metres

50m

etr

es

TCH-08-06Looking N45E (Astronomic)

Overburden

Gneiss

Gneiss

Granite

Granite

Granite

Granodiorite

Granodiorite

Granodiorite

50m

100m

EOH150m

TCH-08-06Claim #:Collar: UTM 528234E 5435609N (NAD83)Collar Elevation: 358m aslAstronomic Azimuth: 315Dip -60Length: 150metres

3008415 - Killala Lake Area - ThunderBay Division

Page 48: DIAMOND DRILL RPT - Ontario

Drillhole ID: TCH-08-07

UTM NAD83 Zone 16

Easting (m): 527500 Logged by: D.Cedergren

Northing (m): 5434820 Date: May 14, 2008

Elevation (m): 329

Drill Company: Chenier

Azimuth: 258 Drill Type:

Dip: -55 Core Size: AQTK

Total Depth: 115 Date Completed: May 13, 2008

From (m) To (m) Rock Type Description

0 1.5 OVB

1.5 4.3 Granite

Coarse grained granite with secondary schist (SCH band from 1.83 – 1.96 m). ~60% Qtz, 15% K-feldspar, 10% mica. Minor sulphide mineralization near surface.

4.3 5.7 Transitional from granite to gneiss. Up to 20% biotite, weakly foliated. Minor magnetite present.

5.7 7.1 Gneiss F.g granite gneiss with up to 50% biotite, ~40% Qtz and minor K-spar. Weakly foliated.

7.1 9.65 Granite C.g, weakly foliated granite similar to above. Sharp contact 60 deg. TCA.

9.65 15.6 Schist

Schistose texture with 60-70% biotite. Minor chlorite alteration throughout. Sharp contact 45 deg TCA

15.6 29.15 Granite Similar to above. Sharp irregular contact ~40deg TCA.

29.15 29.85 Lamprophyre (?)

Dark green/grey, med – f.g ultramafic dike. Looks like lamrophyre, has an inequigranular texture and contains abundant phenocrystal brown mica-probably phlogopite. Magnetite is abundant as well, possibly secondary replacement of olivine. Lacking visible ilmenite and garnet. Qtz. veins running ~45 deg TCA are .5-4cm. Requires Petrography

29.85 94.7 Granite F.g., massive granite. Very light grey in colour. 60-70% Qtz. content. 10-15% k-spar.

94.7 100.33 Granite

Dark, very fine grained granite with prevalent ~1mm qtz veining. Hematite alteration (?) around qtz veining.

Page 49: DIAMOND DRILL RPT - Ontario

100.33 115 Granite Fine grained, light grey, massive granite, <10% K-spar.

Page 50: DIAMOND DRILL RPT - Ontario

OverburdenGraniteGneiss

GraniteGranite

Schist

GraniteLam

prophyre?

Granite

Granite

Granite

50m

100m

EOH115m

25metres

25m

etr

es

TCH-08-07Claim #: 3008415 - Killala Lake Area - ThunderBay DivisionCollar: UTM 527500E 5434820N (NAD83)Collar Elevation: 329m aslAstronomic Azimuth: 258Dip -55Length: 115metres

TCH-08-07Looking N12W (Astronomic)

Page 51: DIAMOND DRILL RPT - Ontario

Drillhole ID: TCH-08-08

UTM NAD83 Zone 16

Easting (m): 527512 Logged by: D.Cedergren

Northing (m): 5435303 Date: May 16, 2008

Elevation (m): 324

Drill Company: Chenier

Azimuth: 270 Drill Type:

Dip: -45 Core Size: AQTK

Total Depth: 115 Date Completed: May 15, 2008

From (m) To (m) Rock Type Description

0 1.8 OVB

1.8 11.8 Gneiss

Tonalite gneiss with high Qtz content up to 60-70%, bt. 15-30%, ~15% plag, <5% K-feldspar. Very weakly magnetic. Two small bands (2-3cm wide of very coarse grained granite @ top of hole. Gradational contact

11.8 15 Granite

Med – C.g, massive pink granite. ~50% qtz, 20-30%K-spar, ~15% plag, ~5%micas. Broken, undefined contact with diabase.

15 15.4 Diabase

Very, very fine grained, blue/green mafic dike - probably diabase. 2 cm wide vein looks fibrous, possibly serpentine (?). Sharp contact ~70 deg. TCA.

15.4 39.95 Schist 80% of unit is Schist with a 20% med-c.g, massive granite/tonalite.

39.95 57.25 Granite

Massive, medium grained grey/pink granite with subordinate schist. 54.5 – 55m is schist with ~70% micas including chlorite alteration throughout. Sharp but irregular contact 25-30 deg TCA

57.25 58.9 Lamprophyre (?)

Lamprophyre or hypabyssal kimberlite. -Inequigranular texture. -Overall fine grained with coarser material from 57.7 – 58.1 m. -Contains olivine macrocrysts up to 1 cm as well as common secondary magnetite. -Large schist xenolith measuring 1.5cm. -Grains have diagnostic alteration rims which look similar to armoured lapilli. -Minor phlogopite present, no visible ilmenite or

Page 52: DIAMOND DRILL RPT - Ontario

garnet. -Sharp irregular contact ~25 deg TCA Requires Petrography

58.9 69.45 Granite

Granitoid rocks with up to 25% intruded lamprophyre (?) sills (?). Intruded rock is generally running 0-20 deg. TCA with a width of 0.5 – 3 cm. Contains f-g olivine phenocrysts. Contact with diabse is Sharp at 45deg TCA with slickensides.

69.45 73.35 Diabase

Very fine grained diabase dike. Blue green colour with glassy, vitrified appearance. Sharp wavy contact 70-90 deg. TCA,

73.35 79.8 Gneiss Tonalite gneiss.

79.8 83.05 Granite

Coarse grained, massive granite. ~70% qtz, 15% k-spar, 10% plag. Fine grained, light grey, massive granite, <10% K-spar.

83.05 115 Tonalite Weakly foliated tonalite with ~15% c.g, massive granite.

Page 53: DIAMOND DRILL RPT - Ontario

Overburden

Gneiss

Granite

Schist

Granite

Lamprophyre?

Tonalite

Granite

Granite

Gneiss

Diabase

Diabase

50m

100m

EOH115m

25metres

25m

etr

es

TCH-08-08Claim #:Collar: UTM 527512E 5435303N (NAD83)Collar Elevation: 324m aslAstronomic Azimuth: 270Dip -45Length: 115metres

3008415 - Killala Lake Area - ThunderBay Division

TCH-08-08Looking North (Astronomic)

Page 54: DIAMOND DRILL RPT - Ontario

Drillhole ID: TCH-08-09

UTM NAD83 Zone 16

Easting (m): 528273 Logged by: D.Cedergren

Northing (m): 5436604 Date: May 19, 2008

Elevation (m): 346

Drill Company: Chenier

Azimuth: 295 Drill Type:

Dip: -45 Core Size: AQTK

Total Depth: 100 Date Completed: May 18, 2008

From (m) To (m) Rock Type Description

0 27 Gneiss

Strongly foliated, tonalite gneiss. 40-50% qtz., 20-30% plag., 10-30% bt. White and black. Coarse granite from 1.5 – 2.2 m.

27 29.1 Diabase Very fine grained, massive, blue-green dike. Minor carbonate veining.

29.1 48.7 Granite Granite is weakly foliated, light grey/light pink with ~10% K-feldspar. Fine to medium grained.

48.7 53.5 Gneiss Tonalite gneiss as above.

53.5 63 Granite

Highly altered, fine grained granitoid is bright orange/pink in colour. Possible hematite alteration, oxidized. Fairly massive.

63 97.95 Gneiss Tonalite gneiss as above with ~15 massive tonalite/granite (m-c.g).

97.95 99.3 Granite Coarse grained, massive, ~60% quartz, ~25% k-spar, 10% plag, 5%bt.

99.3 100 Gneiss Tonalite gneiss as above.

Page 55: DIAMOND DRILL RPT - Ontario

Gneiss

Gneiss

Gneiss

Gneiss

Granite

Granite

Granite

Diabase

50m

EOH100m

25metres

25m

etr

es

TCH-08-09Claim #:Collar: UTM 528273E 5436604N (NAD83)Collar Elevation: 346m aslAstronomic Azimuth: 295Dip -45Length: 100metres

3008413 - Killala Lake Area - ThunderBay Division

TCH-08-09Looking N25E (Astronomic)

Page 56: DIAMOND DRILL RPT - Ontario

Drillhole ID: TCH-08-10

UTM NAD83 Zone 16

Easting (m): 528355 Logged by: D.Cedergren

Northing (m): 5436567 Date: May 21, 2008

Elevation (m): 334

Drill Company: Chenier

Azimuth: 295 Drill Type:

Dip: -45 Core Size: AQTK

Total Depth: 100 Date Completed: May 20, 2008

From (m) To (m) Rock Type Description

0 1.5 OVB

1.5 10.15 Granite

Overall fine to medium grained (coarse from 9.9-10m). Massive to weakly foliated. 40-60% qtz., 15-20% K-spar., 15-20% plag., ~10%bt. Contact is sharp straight @ ~75 deg. TCA.

10.15 11.15 Gneiss/schist

Mainly tonalite gneiss with significant schist component containing up to 60% bt. 5cm thick quartz vein at 10.6m. gradational contact over 50cm.

11.15 22.15 Granite

Weakly foliated, f-m.g with minor c.g intervals. ~40% qtz., ~25% bt., ~20% K-spar., ~10% plag. Highly fractured from ~16 – 20m with minor sulphide mineralization in fractures. Sharp contact @ 70 deg. TCA.

22.15 28.75 Gneiss

Granite/tonalite gneiss. Some fracturing 0-10 deg. TCA. Weakly magnetic. Lowermost metre is more massive.

28.75 35.15 Gneiss

Tonalite gneiss with <5% K-feldspar. Veins at 29.25, 29.5, 30.3 m are filled with mica w/ sulphide mineralization and are 1-4 cm thick.

35.15 45.1 Granite Weakly foliated, f-m.g granite. C.g. from 36.35 – 36.7m.

45.1 79.9 Gneiss Granite/tonalite gneiss with ~15% massive granite. Up to 40% mica. Gradational contact.

79.9 83.75 Granite

Fine grained, weakly foliated granite with prevalent fracturing at 0-20 deg. TCA. 60-70% qtz., 20% plag, 10% k-spar., 10% bt. gradational contact.

83.75 92.35 Gneiss Tonalite/granite gneiss. 10-30% bt., 10-15%plag and k-spar. Schist intervals from 89.1-89.25 and

Page 57: DIAMOND DRILL RPT - Ontario

91-91.15m. Sharp contact ~ 50 deg. TCA.

92.35 92.65 Diabase

Very, very fine grained, massive, dark blue/green dike. No visible phenocrysts. 3mm qtz. vein at 15 deg. TCA. Sharp straight contact ~70 deg. TCA.

92.65 96.65 Gneiss

Medium grained granite gneiss. 50-60% qtz., 20-40% bt., 10-20% plag and K-spar. Sharp straight contact at 45 deg. TCA.

96.65 100 Diabase F.g mafic dyke with ~35% qtz. Very common fractures at 40-60 degrees TCA.

Page 58: DIAMOND DRILL RPT - Ontario

Overburden

Gneiss/schist

Gneiss

Gneiss

Gneiss

Gneiss

Gneiss

Granite

Granite

Granite

Granite

Diabase

Diabase

50m

EOH100m

25metres

25m

etr

es

TCH-08-10Claim #:Collar: UTM 528355E 5436567N (NAD83)Collar Elevation: 334m aslAstronomic Azimuth: 295Dip -45Length: 100metres

3008413 - Killala Lake Area - ThunderBay Division

TCH-08-10Looking N25E (Astronomic)

Page 59: DIAMOND DRILL RPT - Ontario

Drillhole ID: TCH-08-11

UTM NAD83 Zone 16

Easting (m): 528190 Logged by: D.Cedergren

Northing (m): 5436642 Date: May 21, 2008

Elevation (m): 349

Drill Company: Chenier

Azimuth: 295 Drill Type:

Dip: -45 Core Size: AQTK

Total Depth: 100 Date Completed: May 22, 2008

From (m) To (m) Rock Type Description

0 1.5 OVB

1.5 3.5 Granite

m-f.g granite, massive to weakly foliated. 50% qtz., 20% k-feldspar, 15% plag., 10% bt. Contact gradational over 25cm.

3.5 29.1 Gneiss

Tonalite gneiss. Has ~40%qtz., 30%plag., 15-30% bt., and <5% k-spar. 4.2 – 4.4 m is black schist with abundant sulphide mineralization and ~80% micas.

29.1 35.4 Granite

Coarse grained, massive, light grey/pink colour with common magnetite. Very high quartz content – ~75%. Prevalent fracturing @ 20-30 deg. TCA. Gradational contact.

35.4 42.2 Gneiss Tonalite gneiss similar to above. Gradational contact.

42.2 50.35 Granite C.g. granite similar to above.

50.35 93.35 Gneiss Magnetic tonalite gneiss. Chlorite altered schist from 59 – 60.5 m. C.g. granite from 71.7 – 72.4m.

93.35 94.3 Granite C.g granite similar to above. 70-80% qtz.

94.3 100 Gneiss Tonalite gneiss as above.

Page 60: DIAMOND DRILL RPT - Ontario

Gneiss

Gneiss

Overburden

Gneiss

Gneiss

Granite

Granite

Granite

Granite

50m

EOH100m

25metres

25m

etr

es

TCH-08-11Claim #:Collar: UTM 528190E 5436642N (NAD83)Collar Elevation: 349m aslAstronomic Azimuth: 295Dip -45Length: 100metres

3008413 - Killala Lake Area - ThunderBay Division

TCH-08-11Looking N25E (Astronomic)

Page 61: DIAMOND DRILL RPT - Ontario

Drillhole ID: TCH-08-12

UTM NAD83 Zone 16

Easting (m): 528108 Logged by: D.Cedergren

Northing (m): 5436679 Date: May 23, 2008

Elevation (m): 344

Drill Company: Chenier

Azimuth: 295 Drill Type:

Dip: -45 Core Size: AQTK

Total Depth: 100 Date Completed: May 22, 2008

From (m) To (m) Rock Type Description

0 6.1 OVB

6.1 25.45 Gneiss

Fine grained, homogenous, black and white tonalite gneiss is strongly foliated. ~40% qtz., 15-30% bt., ~20% plag., 0-5% K-spar. Gradational contact between alternating gneiss/granite.

25.45 28.95 Granite

Coarse grained granite with overall massive texture and subordinate foliated gneissic texture. 60-70% qtz., 20% k-spar., 10% plag., 5% biotite.

28.95 56.6 Gneiss Tonalite gneiss as above.

56.6 60.85 Granite 75% c.g, massive granite, 25% foliated gneissic texture.

60.85 72.2 Gneiss Tonalite gneiss as above.

72.2 74.85 Granite C.g granite similar to above.

74.85 77.95 Gneiss Tonalite gneiss as above.

77.95 79.65 Granite C.g granite similar to above.

79.65 82.3 Gneiss Homogenous Tonalite gneiss as above. Contact is sharp straight @ ~45 deg. TCA.

82.3 87.85 Diabase

Dark blue/grey, massive, very, very fine grained mafic dike. Minor quartz ‘veinlets’ @ 0-10 degrees TCA and contain minor sulphide mineralization. Contact is ~45 deg. TCA.

87.85 100 Gneiss Tonalite gneiss as above

Page 62: DIAMOND DRILL RPT - Ontario

Gneiss

Gneiss

Overburden

Gneiss

Gneiss

Gneiss

Diabase

Gneiss

Granite

Granite

Granite

Granite

50m

EOH100m

25metres

25m

etr

es

TCH-08-12Claim #:Collar: UTM 528108E 5436679N (NAD83)Collar Elevation: 344m aslAstronomic Azimuth: 295Dip -45Length: 100metres

3008413 - Killala Lake Area - ThunderBay Division

TCH-08-12Looking N25E (Astronomic)

Page 63: DIAMOND DRILL RPT - Ontario

Drillhole ID: TCH-08-13

UTM NAD83 Zone 16

Easting (m): 528026 Logged by: D.Cedergren

Northing (m): 5436717 Date: May 24, 2008

Elevation (m): 344

Drill Company: Chenier

Azimuth: 295 Drill Type:

Dip: -45 Core Size: AQTK

Total Depth: 100 Date Completed: May 24, 2008

From (m) To (m) Rock Type Description

0 2.7 OVB

2.7 25.8 Gneiss

Weakly magnetic tonalite gneiss. 20-40% biotite, some more schistose intervals towards top of hole. ~40% quartz, ~20% plag., ~5% k-spar.

25.8 26 Granite Coarse grained, light grey/pink colour with massive texture. Qtz. content is ~75%.

26 33.3 Gneiss Tonalite gneiss as above.

33.3 33.7 Granite C.g, massive granite as above.

33.7 45.6 Gneiss Tonalite gneiss as above.

45.6 45.9 Schist Chlorite altered schist with up to 80% micas. Brittle.

45.9 100 Gneiss Tonalite gneiss as above.

Page 64: DIAMOND DRILL RPT - Ontario

Gneiss

Gneiss

Overburden

Gneiss

Gneiss

Granite

Granite

Schist

50m

EOH100m

25metres

25m

etr

es

TCH-08-13Claim #:Collar: UTM 528026E 5436717N (NAD83)Collar Elevation: 344m aslAstronomic Azimuth: 295Dip -45Length: 100metres

3008413 - Killala Lake Area - ThunderBay Division

TCH-08-13Looking N25E (Astronomic)

Page 65: DIAMOND DRILL RPT - Ontario

Appendix C

Programme Costs Per Claim & Drill Hole

Page 66: DIAMOND DRILL RPT - Ontario

Claim & Drill Holes

Direct Drilling Costs

Site Prep/ Drill Moves & Mob-

Demob

Driller Transport to

SiteACA Howe

CostsLodging/ Meals/

Fuel

TB 3008413(TCH-08-09) 9,256.7 3,328.7 1,727.0 2,417.0 2,086.6(TCH-08-10) 9,345.3 3,328.7 1,727.0 2,417.0 2,086.6(TCH-08-11) 9,345.3 3,328.7 1,727.0 2,417.0 2,086.6(TCH-08-12) 9,788.6 3,328.7 1,727.0 2,417.0 2,086.6(TCH-08-13) 9,434.0 3,328.7 1,727.0 2,417.0 2,086.6Total 47,169.9 16,643.4 8,635.0 12,084.9 10,432.9 94,966.0

TB 3008414(TCH-08-04) 14,223.7 4,993.0 2,590.5 3,625.5 3,129.9Total 14,223.7 4,993.0 2,590.5 3,625.5 3,129.9 28,562.5

TB 3008415(TCH-08-05) 13,528.4 4,859.9 2,521.4 3,528.8 3,046.4(TCH-08-06) 14,223.7 4,993.0 2,590.5 3,625.5 3,129.9(TCH-08-07) 10,897.5 3,828.0 1,986.1 2,779.5 2,399.6(TCH-08-08) 10,897.5 3,828.0 1,986.1 2,779.5 2,399.6Total 49,547.0 17,508.8 9,084.0 12,713.3 10,975.4 99,828.5

TB 3008416(TCH-08-02) 7,917.7 2,496.5 1,295.3 1,812.7 1,564.9(TCH-08-03) 12,174.7 4,294.0 2,227.8 3,117.9 2,691.7Total 20,092.4 6,790.5 3,523.1 4,930.7 4,256.6 39,593.2

TB 3008418(TCH-08-01) 11,296.7 3,994.4 2,072.4 2,900.4 2,503.9Total 11,296.7 3,994.4 2,072.4 2,900.4 2,503.9 22,767.7

TOTAL 142,329.5 49,930.0 25,905.0 36,254.8 31,298.6 285,717.8

Approximate Costs Per Drill Hole and Disposition