2014 NI43-101 SLEEPY REPORT AZX Final Version...GEOLOG 2014 – NI 4 Cert I, Alain Jean 1. I a G 45...

Val-d’OrNovemb

SUITE 202 – 45

r, Québec ber 25, 2014

G

50, 3e AVENUE, CE-MAIL : i

4

2014 ON T

GEOGROUP

.P. 1891, VAL D’[email protected]

A

NI 43-101THE SLEE

Prov

(N

OLOGIPE-CO

OR (QUEBEC) CAN.ca – www.geolo

Alain-Jean B

C

1 TECHNEPY LAK

vince of QueCanada

NTS: 32C/0

ICA ONSEIL

NADA J9P 6C5 Téogica.qc.ca

BeauregardDaniel Ga

G

hristian D’A

ICAL REPKE PROPE

ebec

03)

L

él. : (819) 825-8643

d, P. Geo., Oaudreault, EGéologica G

Amours, P.

PORT ERTY

Fax : 824-4266

OGQ (#227Eng., OIQ (#Groupe-Co

Geo., OGQGeoPointC

Page1

7), FGAC # 39834) nseil Inc.

Q (# 226) Com Inc.

GEOLOG

2014 – NI 4

Cert

I, Alain Jean 1. I a

G45P.

2. I aGe

3. Th

(“t

4. I aanIns

5. I h

thoauprmaalsEu

6. I

reex

7. I a

hath

8. At

there

9. I w 10. I a

Ins 11. I c

pupuReorac

Dated this 2

_________Alain Jean

GICAGROUP

43-101 Technic

ificate of q

n Beauregard, Ge

am a geologist aneologica Groupe50, 3rd avenue, s. O. Box 1891, V

am a qualified geeology and Minin

his certificate appthe Technical Rep

am a Fellow of thnd Geophysicistsstitute of Mining a

have worked as ousand five hunuthorities and privroperties to develany exploration cso in other parts urope and the Am

have read the deason of my educ

xperience, I fulfil

am responsible fave recently visitree (3) favourabl

t the effective dae technical repoquired to be disc

was responsible f

am independent strument 43-101

consent to the fublication by themublic, of the Techeport has been pr a summary of, ccurately represe

25th day of Nove

______________Beauregard, P.

PE‐CONSEIL

cal Report on t

qualificatio

eol., do hereby c

nd the president e-Conseil Inc. suite 202, Val d’Or (Québec

eologist, having rg – 1978) with a c

plies to the Technport”). This report

he Geological Assof Québec #22

and Metallurgy (C

a geologist for adred (>1500) Tevate companies loped mines, andcampaigns for iro

of Québec (Gasmericas.

efinition of “qualication, affiliationthe requirements

for the technical ted the subject ple drill holes for a

ate of the technicort, or part that tclosed to make th

for the preparatio

of the issuer (A.

filing of the Tecm, including elec

hnical Report. I cprepared in comthe technical re

ents the informati

ember 2014.

_____________Geo., FGAC, O

L

the Sleepy Lak

on (Alain-Je

certify that:

of:

c), J9P 6C5

received my acacertificate in Busi

nical Report entitlt was written for A

sociation of Cana7 (OGQ), of the

CIMM) and the Pro

a total of 36 yearechnical and Maincluding numerod several compan, gold, base me

spésie, Gatineau,

ified person” set with a professios to be a “qualifie

parts of Items 1property (Augustanalytical testing

cal report, to thethe QP is respohe technical repo

on of the first NI

Alexandria Minera

chnical Report wctronic publicatioonfirm to have repliance with the

eport in the docuion in the technic

__ OGQ

ke Property – N

ean Beaure

ademic training aness Administrati

led “2014 NI 43-Alexandria Minera

ada #F 4951 (FGQuébec Mining

ospectors and De

s since my gradarket Value Evaluous market valuenies' entire portfo

etals and industria, North Shore, Ja

out in National Ional association ed person” for the

, 2, 3, 4, 5, 6, 7,t 8, 2014). I havand corroboratio

e best of the Quaonsible for, contaort not misleading

43-101 Technica

als Corporation)

with any stock eon in the public cead 43-101 F1 foNational Instrum

ument. I confirm cal report.

November 25th,

egard)

at Concordia Univion (Val d’Or – 19

101 Technical Reals Corporation an

GAC) and also a Exploration Assevelopers Associa

uation from univuationreports in e assessments ofolio of propertiesal minerals, espeames Bay, Unga

Instrument 43-10(as defined in N

e purposes of NI

, 8, 9, 10, 11, 12ve also collectedon.

alified Persons kains all scientificg.

al Report in Dece

applying all of t

exchange and ocompany files onorm and related ment 43-101. I co

to have read th

2014

versity, in Montre988).

eport on the Sleend dated Novemb

member of the Osociation (AEMQation of Canada (

versity. ProductioEnglish or Frencf mining properti. Organization an

ecially in remote aava etc.), in easte

01 (“NI 43-101”) NI 43-101) and pI 43-101.

2, 13, 15, 23, 24d forty seven (47

knowledge, inforc and technical i

ember 04, 2009.

the tests in secti

other regulatory n their websites appendices and onsent to the usehe document an

eal, Québec (B.S

epy Lake Propertber 25, 2014.

Order of Geologis), of the Canadia(PDAC).

n of more than och for governmees from grassroond management areas of Abitibi, bern Canada, Afric

and certify that past relevant wo

, 25, 26 and 27.7) core samples

rmation and belieinformation that

on 1.5 of Nation

authority and anaccessible by ththat the Technice of extracts fromd that it fairly an

Page3

Sc.

ty”

sts an

ne ent ots of

but ca,

by ork

I in

ef, is

nal

ny he cal m, nd

GEOLOGICA GROUPE-CONSEIL

2014 – NI 43-101 Technical Report on the Sleepy Lake Property – November 25th, 2014 Page 4

Curriculum Vitae (Alain-Jean Beauregard) KEY EXPERIENCE Sound knowledge of geological sciences associated with extended experience in property management. Involvement with the evaluation, management and realization of several mining exploration and development properties. Production of nearly one thousand and five hundred Technical and Market Value Evaluation reports in English or French for government authorities and private companies including numerous market value assessments of mining properties from grassroots properties to developed mines, and several companies' entire portfolio of properties. Organization and management of many exploration campaigns for gold, base metals and industrial minerals, especially in remote areas of Abitibi, but also in other parts of Québec (Gaspesia, Gatineau, St-Lawrence River North Shore, James Bay, Ungava etc.), in eastern Canada, Europe, Africa and the Americas. Very good knowledge of Latin American and African countries. Excellent communication and mediation skills as well as sound administration practice. INTERNATIONAL MANDATES Europe – 2002 to 2003 – Drill Program Supervision and Property Evaluation for C2C in Spain and Portugal. East Africa - September 1994 - Evaluation of mining properties in Tanzania, Kenya, Ethiopia and Erythrea for Pangea Goldfields and KWG Resources Inc., EAG Inc. United Arab Emirates - June 1994 - Off-shore and on-shore oil and gaz property evaluations. Geoscientific compilations in order to define potential prospective areas for chromite within the ophiolite belt of Semail. West Africa (Based out of London, U.K.) - 1994 - Evaluation of mining properties in Mauritania, Niger, Mali, Burkina Faso, Ivory Coast and Ghana for Placer International Exploration and Placer Outokumpu Exploration Ltd. Morocco - November 1992 to April 1993 - Compilation of the Anti-Atlas in Morocco, in north-western Africa (180 km2) at the scale of 1:100 000. A detailed report of the Guemassa area (Douar El Ajar VMS deposit) was also completed. Ref. Mr. Garth Wilson, V.P. Exploration Placer Outokumpu Ltd., London. Argentina - April-May 1991 - Mission in the WNW Andes to evaluate properties for potential gold and base metal deposits: the Cerro Castillo Gold deposit, the Baja de Alumbrera Porphyry Copper deposit, the Farallon Negro Epithermal Gold-Manganese deposit (ref. John Morganti, Ph.D., V.P. Exploration Placer Dome Exploration). Republic of Guyana - March 1991 - Evaluation of an alluvial diamond and gold deposit located on the Mazaruni River in the Roraima Formation, 300 km south of Georgetown


2014 – NI 43-101 Technical Report on the Sleepy Lake Property – November 25th, 2014 Page5

CANADIAN EXPERIENCE -Founder, shareholder, director and administrator of Geologica Groupe-Conseil Inc., Val d'Or, (Québec) since

1985 - Management, property supervision, property evaluations, geoscientific compilations at the national and international level.

-Mining Geologist, Les Mines Sigma of Placer Dome Inc., Val d'Or (Québec), 1981-1985 - Property geologist,

geological and geochemical surveys, drilling supervision, grade verification and reserve estimates. -Project Director and Geologist, Serem Ltée, Val d'Or (Québec) (a BRGM Canadian Arm), 1977-1981 -

Geological and geochemical surveys, supervision of geophysical surveys (Mag, EMH and IP), drill program supervision.

-Assistant Geologist, Serem Ltée, Val d'Or (Québec), 1975, under the supervision of Mr. Paul Girard Ph. D. and Mr. Ray Goldie Ph. D. and for Hollinger North Shore and Labrador Exploration, Eastern Townships and Gaspesia, 1974 -Exploration for base metals and uranium. -Over the past 36 years, Geologica was the key lead and instrumental geological consulting group in the discovery of significant precious and base metals occurrences mineralized zones and deposits of Abitibi, West Africa, Central and South America.

GEOLOG

2014 – NI 4

Cert

I, Daniel Ga

1. I aG45P.

2. I g

3. Th(“t

4. I

As

5. I hgepronteUn

6. I hreex

7. I a

hapa

8. A

thre

9. I w

10. I a

In

11. I pupuReorac

Dated this 2

_________ Daniel Gau

GICA GROUP

43-101 Technic

ificate of q

udreault, Eng., d

am currently empeologica Groupe50, 3rd avenue, s.O. Box 1891, V

graduated with a

his certificate appthe Technical Rep

am a member ssociation (AEMQ

have worked as eology and miningroperties especialn geological propchnical reports ongava), Ontario (T

have read the deeason of my eduxperience, I fulfil

am responsible fave not, recentlyast.

At the effective de technical repo

equired to be disc

was responsible

am independent strument 43-101

consent to the fublication by theublic, of the Techeport has been pr a summary of, ccurately represe

25th day of Nove

______________

dreault, P. Eng.

PE-CONSEI

cal Report on t

qualificatio

do hereby certify

ployed as a geoloe-Conseil Inc. suite 202, Val d’Or (Québec

degree in Geolo

plies to the Technport”). This report

of the “Ordre dQ) and the Prosp

a geologist for ag, I have been invlly in remote areaperties in the moon areas of inteTimmins and Kirk

efinition of “qualifcation, affiliationthe requirements

for the technical y or previously, v

ate of the techniort, or part that tclosed to make th

for the preparatio

of the issuer (A.

filing of the Tecm, including elec

hnical Report. I cprepared in comthe technical re

ents the informat

ember 2014.

_____________

., OIQ, AEMQ

L

the Sleepy Lak

on (Daniel G

that:

ogical engineer b

c), J9P 6C5

ogical Engineerin

nical Report entitt was written for A

des Ingénieurs dpectors and Dev

a total of 31 yeavolved with all asas of Abitibi, Québost severe conditirest in Québec

kland Lake), New

fied person” set n with a professios to be a “qualifie

parts of Items 1visited the subje

ical report, to thethe QP is respohe technical repo

on of the first NI

Alexandria Minera

chnical Report wctronic publicatio

confirm to have repliance with the

eport in the docuion in the technic

_____________

ke Property – N

Gaudreaul

by:

ng from Universit

led “2014 NI 43-Alexandria Minera

du Québec # 3elopers Associat

ars since my grapects of planningbec. I have beenions. I have als(St-Lawrence Rifoundland (Labra

out in National Ional association ed person” for th

, 2, 3, 4, 5, 6, 7ct property. How

e best of the Quonsible for, contaort not misleadin

43-101 Technica

als Corporation)

with any stock eon in the public cead 43-101 F1 foNational Instrum

ument. I confirm cal report.

__

November 25th,

t)

ty of Québec in C

101 Technical Reals Corp. and date

39834 (OIQ)”, oftion of Canada (P

aduation from ung, organization ann in charge of teaso completed seviver, North Shor

ador) and USA (C

nstrument 43-10 (as defined in N

he purposes of N

7, 8, 9, 10, 11, 12wever, I have pre

alified Persons kains all scientificg.

al Report in Dece

applying all of t

exchange and ocompany files oorm and related ment 43-101. I co to have read th

2014

Chicoutimi in 198

eport on the Sleeed November 25t

f the Québec MPDAC).

niversity. An engind supervision of ms of professionaveral geoscientificre, James Bay,

California and Nev

01 (“NI 43-101”) NI 43-101) and pI 43-101.

2, 13, 15, 23, 24eviously worked

knowledge, inforc and technical

ember 04, 2009.

the tests in secti

other regulatory n their websites appendices and onsent to the ushe document an

83.

epy Lake Propertth, 2014.

Mining Exploratio

neer specialized mineral exploratioals and techniciac compilations anChibougamau an

vada).

and certify that bpast relevant wo

4, 25, 26 and 27in the area in th

rmation and belieinformation that

.

on 1.5 of Nation

authority and anaccessible by ththat the Technice of extracts fromd that it fairly an

Page6

ty”

on

in on ns nd nd

by ork

7. I he

ef, is

nal

ny he cal m, nd



Curriculum Vitae (Daniel Gaudreault) KEY EXPERIENCE An engineer specialized in geology and mining, Mr. Gaudreault has been involved with all aspects of planning, organization and supervision of mineral exploration properties especially in remote areas of Abitibi, Québec. I have been in charge of teams of professionals and technicians on geological properties in the most severe conditions. I have also completed several geoscientific compilations on areas of interest in Québec and Ontario, have written several Technical Reports in the USA (Nevada and California) and also written geological surveys in Labrador (Newfoundland). I have written many technical reports in both English and/or French for government authorities and private companies, such as property evaluations, exploration and environmental reports. He has also completed numerous market value assessments of mining properties from grassroots properties to developed mines including several companies' entire portfolio of properties. His contribution to several precious and base metals projects was primordial in their preparation, supervision, realization, interpretation, modelization, advancement and their resources calculations. WORK EXPERIENCE Project Director, Geologica Groupe-Conseil Inc., Val d'Or (Québec), since 1985 - Project manager,

planning, mapping, drilling supervision, due diligence, property evaluations, market value assessments, environmental reports, NI 43-101 Technical Reports, fieldwork reports.

Property Geologist, Boileau and Gauthier (Kiwatin) Val d'Or (Québec), 1985 – Project Supervision,

Planning, mapping and sampling. Property Geologist, Campbell Resources Ltd., Chibougamau (Québec), 1984-1985 - Project

geologist, planning, drilling supervision, mapping. Property Geologist, Boileau and Gauthier (Kiwatin) Val d'Or (Québec), 1983-1984 -Drilling program

supervision, reports. Property Geologist, Lac Minerals Ltd., Malartic (Québec), 1983 - Exploration campaign supervision,

drilling program, mapping and reports. Assistant Geologist, Lac Minerals Ltd., Val d'Or (Québec), 1982 and Ministry of Energy and

Resources of Québec, Desmaraisville (Québec), 1981.



TABLE OF CONTENTS SIGNATURE .................................................................................................................................................... 2

Certificate of qualification (Alain-Jean Beauregard) ........................................................................................ 3 Certificate of qualification (Daniel Gaudreault) ................................................................................................ 6 Certificate of Qualification (Christian D’Amours) ............................................................................................. 8

TABLE OF CONTENTS .................................................................................................................................. 9 1.0 SUMMARY (Item 1) ................................................................................................................................. 11 2.0 INTRODUCTION (Item 2) ........................................................................................................................ 13

2.2 Scope of Work ......................................................................................................................................... 13 2.2 Basis of the Technical Report .................................................................................................................. 14 2.3 Qualifications and Field Involvement of Consultant ................................................................................ 14

3.0 RELIANCE ON OTHER EXPERT (Item 3) ............................................................................................. 15 4.0 PROPERTY DESCRIPTION AND LOCATION (Item 4) ......................................................................... 15 5.0 ACCESSIBILITY, LOCAL RESOURCES, INFRASTRUCTURES AND PHYSIOGRAPHY (Item 5) ..... 19 6.0 HISTORY (Item 6) ................................................................................................................................... 20 7.0 GEOLOGICAL SETTING (Item 7) .......................................................................................................... 21

7.1 Regional Geology .................................................................................................................................... 21 7.2 Local Geology .......................................................................................................................................... 25 7.3 Mineralization ........................................................................................................................................... 25

8.0 DEPOSIT TYPES (Item 8) ....................................................................................................................... 28 9.0 EXPLORATION (Item 9) ......................................................................................................................... 30

9.1 Heliborne Magnetic Survey ...................................................................................................................... 30 10.0 DRILLING (Item 10) .............................................................................................................................. 30 11.0 SAMPLE PREPARATION, ANALYSES AND SECURITY (Item 11) ................................................... 34 12.0 DATA VERIFICATION (Item 12) ........................................................................................................... 40 13.0 MINERAL PROCESSING AND METALLURGICAL TESTING (Item 13) ............................................ 46 14.0 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES (Item 14) ....................................... 46 15.0 ADJACENT PROPERTIES (Item 23) ................................................................................................... 55 16.0 OTHER RELEVANT DATA AND INFORMATION (Item 24) ................................................................ 57 17.0 INTERPRETATIONS AND CONCLUSION (Item 25) ........................................................................... 57 18.0 RECOMMENDATION AND BUDGET (Item 26) ................................................................................... 58 19.0 REFERENCES (Item 27) ....................................................................................................................... 60



LIST OF TABLES TABLE 1: MINING CLAIM LIST ............................................................................................................................................. 19 TABLE 2: SUMMARY OF HISTORICAL WORK ON SLEEPY PROPERTY. .................................................................................. 21 TABLE 3: COMPARATIVE RESULTS OF SAMPLE BY ALEXANDRIA MINERALS AND GEOLOGICA .......................................... 44 TABLE 4: INFERRED RESOURCE PER CUT OFF ..................................................................................................................... 54

LIST OF FIGURES FIGURE 1 – GENERAL LOCATION MAP ................................................................................................................................ 16 FIGURE 2 – DETAILED LOCATION MAP ............................................................................................................................... 17 FIGURE 3 – CLAIM LOCATION MAP .................................................................................................................................... 18 FIGURE 4 – ABITIBI GEOLOGY ............................................................................................................................................. 22 FIGURE 5 – REGIONAL GEOLOGY ........................................................................................................................................ 23 FIGURE 6 – LOCAL GEOLOGY AND DRILLING RESULTS ....................................................................................................... 27 FIGURE 7 – DEPOSITS .......................................................................................................................................................... 29 FIGURE 8 – SLEEPY TYPICAL SECTION ................................................................................................................................. 32 FIGURE 9 – PLAN VIEW SHOWING RESAMPLED DRILL HOLES ............................................................................................ 42 FIGURE 10 – SECTION VIEW SHOWING RESAMPLED DRILL HOLES .................................................................................... 43 FIGURE 11 – WIREFRAME SOLID MODEL ............................................................................................................................ 47 FIGURE 12 – DISTRIBUTION OF GOLD VALUES ................................................................................................................... 49 FIGURE 13 – EFFECT OF LENGTH ON THE GRADE ............................................................................................................... 50 FIGURE 14 – VARIOGRAMS ................................................................................................................................................. 51 FIGURE 15 – SLEEPY PROJECT COMPOSITE LONGITUDINAL ............................................................................................... 55 FIGURE 16 – ADJACENT PROPERTIES .................................................................................................................................. 56

LIST OF APPENDIX APPENDIX I ‐ STATUTORY WORKS ......................................................................................................................................... I APPENDIX II – LABORATORY ASSAY SHEETS (GEOLOGICA) ................................................................................................. IV APPENDIX III – PHOTOS ..................................................................................................................................................... XIII



1.0 SUMMARY (Item 1)

At the request of Mr. Eric Owens, President of Alexandria Minerals Corporation (“Alexandria”) Geologica Groupe-Conseil Inc. (“Geologica”) and Mr. Christian D’Amours, P. Geo., from GeoPointCom Inc. were given the mandate to prepare an updated NI 43-101 Technical Report with resource calculation on the Sleepy Lake Property (“Property”), located in the Abitibi Region of Quebec.

On July 17th, 2014 one of the authors, Mr. Alain-Jean Beauregard, collected forty

seven (47) core samples in three (3) recent diamond drill holes (SAX-13-025, SAX-14-027 and SAX-14-028) for analytical testing and data corroboration. A property visit was carried out subsequently on August 8, 2014.

The Property is located in the South-central portion of the Abitibi Greenstone Belt,

which forms part of the Superior Structural Province. All the rocks of the area are Archean in age, except for NE-striking diabase dykes, which are Proterozoic in age. Volcanic rocks of the Malartic and Piché Groups predominate in the northern half of the area, while clastic sedimentary rocks of the Cadillac and Pontiac Groups are dominant in the southern half of the area.

The Sleepy Property is located approximately 2 km north of the Cadillac Break, the

most prominent structural feature of the area (also known as the Cadillac Tectonic Zone (‘CTZ’)). The Cadillac Break is located near the contact between the Pontiac Group and the Malartic Group. It is a major tectonic zone that is characterized by intense shearing and mechanical deformation, and it can be traced from West to East over a total distance of approximately 210 kilometers from Kirkland Lake, Ontario in the west, to east of Louvicourt, Quebec. Later conjugate faulting and fracturing of both northeast and, to a lesser extent, northwest trends have also occurred along its length.

The Cadillac Break is one of the most important metallogenic features in the Val-

d’Or mining camp. Several past producers (e.g. East Malartic, Barnat-Sladen, and O’Brien) and recent discoveries such as the Lapa and the Goldex Mines of Agnico-Eagle Mines Inc. are spatially associated with the Cadillac Break and /or related subsidiary structures.

Recently, M. Christian D’Amours from GeoPointCom (Val-d’Or, Quebec) was

mandated by Alexandria to complete a mineral resource estimate. The Inferred Resources of the Sleepy zone are estimated at 1,855,300 tonnes grading 4.70 g/t Au for a total of 279,760 ounces of gold using a minimal horizontal thickness of 3.0 meters, a cut-off grade of 3.00 g/t Au and capped at 52 g/t Au (Press Release October 22, 2014). The uncapped Inferred Resources of 1,855,500 tonnes grading 5.01 g/t Au for 307,350 ounces of gold represents more than 100% increase in gold resources since the first National Instrument 43-101 resource estimate in 2009 (see Alexandria Minerals Press Release October 28, 2009).

The Sleepy Lake Property of Alexandria Minerals Corporation is strategically well

located with respect to the Cadillac Break and its conjugate auriferous structures



(contiguous and adjacent to the Sigma II gold past producer) in the Val-d’Or Camp. Several base metals and gold mines and deposits such as Sigma, Lamaque, Bevcon, Orenada, Dorval, Akasaba, Beaufort, New Pascalis, Monique and others are located along the eastern part of this tectonic zone and are contiguous to or on the properties of Alexandria. The presence of these deposits in the immediate vicinity of the property confirms the potential to recognize other new mineralized zones and/or extensions of existing ones.

Past exploration efforts have led to the discovery of several significant, but widely

spaced, mineralized zones and occurrences. Moreover, most investigations by diamond drilling on the property in the past have been shallow, rarely below 150 meters depth. The depth extensions of northeast trending splay structures from the Cadillac Break and Z shaped folds defined at shallow elevations have historically proven to be favorable exploration targets. Recent discoveries at depth attest to the potential of the region: Agnico Eagle’s Lapa and Goldex deposits on or near the Cadillac Break has stimulated new exploration interest in the region, particularly at depths greater than 500 meters.

It is recommended that the exploration on the Sleepy property continue with a total

of 30,000 m of drilling. It is also recommended, based on past metallurgical studies, that further metallurgical word warranted, including testing other grinding sizes and cyanide exposition times to analyse the grinding-cyanide curves.

The recommended exploration program is divided into two (2) phases. The second phase of the program is conditional on the success of the first phase. Phase I will be principally focused to increase resources and mainly to roll the inferred resources into the indicated category and is estimated at $2,350,000. The Phase II will be mainly concentrated on other zones and also to additional metallurgical studies at $1,190,000 for a combined total of $3,540,000.



2.0 INTRODUCTION (Item 2)

At the request of Mr. Eric Owens, President of Alexandria Minerals Corporation (‘Alexandria’) Geologica Groupe-Conseil Inc. (“Geologica”) and Mr. Christian D’Amours, P. Geo., from GeoPointCom Inc. were mandated to prepare a NI 43-101 Technical Report with resource calculation on the Sleepy Lake Property (“Property”), located in the Abitibi Region of Quebec.

All the assessment work records (statutory work) registered with the Quebec

Department of Natural Resources (MRNFQ) were carefully examined. The reports and the geological maps published by the MRNFQ, recent work, and works currently in progress were also reviewed. This report contains an exhaustive evaluation of all available data, as well as recommendations for follow-up works designed to access and increase the auriferous potential of the properties.

2.1 Terms of Reference

Abbreviations used Weight & Mass Linear & Area Measures

Others Conversion Factors

Weight Linear & Area Measures

2.2 Scope of Work

g Grams kg Kilograms g/t Grams per metric tonne oz Troy ounces oz/st Ounces per short tonne ppb Parts per billion ppm Parts per million st Short ton t Metric tonne

mm Millimeters m Meters km Kilometers ha Hectares ‘ Feet ‘’ Inch

°C Celsius Degree $ Canadian Dollars

1 inch = 2.54 cm 1 foot = 0.3048 m 1 mile = 1.6 km 1 ha = 0.01 km2

1 square mile = 640 acres = 259 hectares

1 oz (troy) = 31.103 g 1 oz (troy)/st = 34.286 g/t 1 pound (lb) = 0.454 kg 1 pound (lb) = 1.215 troy pound 1 short ton = 0.907 t 1 g = 0.03215 oz (troy) 1 short ton = 2000 pounds (lb) = 0.907 tonne



The scope of work undertaken by Geologica involved an assessment of the geological and mineral resources aspects of the Sleepy Lake property in Val-d’Or, Quebec, Canada.

2.2 Basis of the Technical Report

In summary, this technical report is based on reports completed by previous

owners, given the extensive operating history of the operations; geological investigations and independent check assaying.

2.3 Qualifications and Field Involvement of Consultant

Geologica Inc. independence is ensured by the fact that it holds no equity in any project and that its ownership rests solely with its staff. This allows Geologica to provide its clients with conflict-free and objective recommendations on crucial judgment issues.

Neither Geologica nor any of its employees involved in the preparation of this

report has any beneficial interest in Alexandria. Geologica will be paid a fee for this work in accordance with normal professional consulting practice.

The authors from Geologica have reviewed and analysed data provided by

Alexandria, their consultants and previous owners of the Property, and have drawn their own conclusions there from, augmented by its direct field examination. Geologica has not carried out any independent exploration work, drilled any holes core samples on the Property. However, the presence of gold in the local rocks is substantiated by the drilled core by Alexandria and other owners and the numerous prospectors in the area. During the field visit only some photos were taken by one of the authors (A.J. Beauregard) in order to confirm the presence of drill sites and some drill core samples were taken for the data corroboration and confirm the presence of mineralizations.

While exercising all reasonable due-diligence in checking, confirming and testing

the data, Geologica has relied upon the data presented by Alexandria in formulating its opinion.

The description of the property, and ownership thereof, as set out in this report, are

provided for general information purposes only. The metallurgical, geological, mineralization and exploration technique

descriptions used in this report are taken from reports prepared by Alexandria and previous owners.

Geologica is pleased to acknowledge the helpful cooperation of Alexandria

management and exploration personnel all of whom made any and all data requested available and responded openly and helpfully to all questions, queries and requests for material.



3.0 RELIANCE ON OTHER EXPERT (Item 3)

The authors from Geologica have not verified the legality of any underlying agreement(s) that may exist concerning the licenses or other agreement(s) between parties and the permitting. Geologica offers no opinion as to the validity of the mineral title claimed by Alexandria. The description of the Property, and ownership thereof, as set out in this report, are provided for general information purposes only.

Several parts of this report were taken from previous technical report title “NI 43-

101 Technical Report on the Sleepy Lake Property” dated December 4, 2009 for Alexandria by Geologica. 4.0 PROPERTY DESCRIPTION AND LOCATION (Item 4)

The Property is located about 30 kilometers to the ESE of Val-d’Or (Figures 1 and 2), Abitibi in range V of Louvicourt Township, NTS 32C/03 at approximately 77°24’W and 48’03’2’’N. The Property comprises eight (8) contiguous claims totalling 312.4 hectares (Figure 3).

The property is free and clear of any and all liens, charges, encumbrances, claims (actual, pending or threatened), royalties or interests of others of whatsoever nature and kind (“Encumbrances”).

G

2

GEOLOGICA GR

2014 – NI 43-101 T

ROUPE-CONSE

Technical Report on

EIL

n the Sleepy Lake PProperty – Novemb

Figure 1 – G

ber 25th, 2014

General Locatio

on Map

Page16

G

2

GEOLOGICA GR

2014 – NI 43-101 T

ROUPE-CONSE

Technical Report on

EIL


Figure 2 – D

ber 25th, 2014

Detailed Locatio

on Map

Page17

G

2

GEOLOGICA GR

2014 – NI 43-101 T

ROUPE-CONSE

Technical Report on

EIL


Figure 3 –

ber 25th, 2014

Claim Location Map

Page18



Table 1: Mining Claim List

Title No Expiry Date Area (Ha) Excess Work Required Work Required Fees

1 3692391 2015-09-02 23:59 32.8 167 968.20 $ 2 500.00 $ 54.75 $

2 3692392 2015-09-02 23:59 28 24 648.00 $ 2 500.00 $ 54.75 $

3 3692401 2015-09-01 23:59 76 715 456.91$ 2 500.00 $ 54.75 $

4 3692411 2015-09-01 23:59 71.2 1 100 399.91 $ 2 500.00 $ 54.75 $

5 3692421 2015-08-31 23:59 56 409 872.97 $ 2 500.00 $ 54.75 $

6 3692461 2015-09-03 23:59 20.4 0.00 $ 1 000.00 $ 28.00 $

7 3692462 2015-09-03 23:59 16.8 0.00 $ 1 000.00 $ 28.00 $

8 3692463 2015-09-03 23:59 11.2 25 556.95 $ 1 000.00 $ 28.00 $

Total: 312.4 2 443 902.94 $ 15 500.00 $ 357.75 $

5.0 ACCESSIBILITY, LOCAL RESOURCES, INFRASTRUCTURES AND PHYSIOGRAPHY (Item 5) Access The Property can be reached by highway 117 and several forest roads. Range IV-V line can be used by foot or on the Louvicourt River by boat. Several tertiary roads were made since 1988 for the Inverse Circulation Drill and Diamond Drilling programs conducted across the Property. Local Resources and Infrastructures

Val-d’Or, with an extensive mining community and experienced manpower, lies 30 kilometers west of the Property. Topography and Vegetation The area is characterized by a low relief and is mainly covered by boreal forest, reforested areas and wetlands (50%). The overburden thickness ranges from 10 to 30 meters, with an average of 20 meters on the Property. Climate and Infrastructure

Based on Environment Canada statistics, from 1971 to 2000, the region was characterized by a mean daily temperature of 12°C. The month of July has an average temperature of 17.2°C, whereas the month of January averages – 17.2°C. The extreme minimum recorded temperature was -43.9°C, whereas the highest recorded temperature was 36.1°C. There were 209 days recorded below freezing point. The average annual precipitation of water is 954 mm. The month of September receives the highest average precipitation with 101.5 mm of water. However, July is the month with the highest daily amount of precipitation with 68 mm of water. Snow precipitation ranges from October to



May with the highest amounts between November and March. The average of precipitation (in mm of water) for this six month period is 54 mm. 6.0 HISTORY (Item 6) The estimates, indicated below, are of a historical nature and are non-compliant with the new version of 43-101. However, the authors believe that this information gives a conceptual indication of the potential of the area and that it is pertinent to this report. The qualified persons have been unable to verify the information and the information is not necessarily indicative of the mineralization on the property that is the subject of the technical report.

The Sleepy Lake Property has been subjected to exploration activities for 70 years. This work is summarized in the table below:

Date Company / Individual Work descriptions Results / Location Reference1944 Tasmaque Gold Mines Ltd Mag Survey GM 61751, GM 07069

1951 Tasmaque Gold Mines Ltd Drilling: 2 holes 614 meters GM 61751,GM 01538

1960 Denison Mines Ltd Mag and Geological Survey

Drilling: 4 holes

GM 61751 GM 10747-A &-B

1962 Alta Mines Ltd / Nemrods

Mining Co. Mag Survey and Self Potential

Surveys

GM 61751 GM 02069

1966 Mareast Explorations Ltd Mag, EM Surveys GM 18128

1969 Barvalle Mines Ltd Mag, EM, PP, IP Surveys Geological Survey

GM 24305

GM 25361, GM 25362

1973-1975 Goldsearch Syndicate Mag, EM Surveys Drilling: 1 hole Till Sampling

GM 29246, GM 30281 GM 30408, GM 31469

1977

Soquem

Drilling: 8 holes GM 61751,GM 58342 GM 33550, GM 33783

1978 Mag, EM, IP Surveys

1, GM 61751 GM 33783, GM 33847 GM 33848, GM 33851 GM 33850, GM 33849

1979 Cartography / Prospection IP, EM, Mag Surveys Drilling: 4 holes

1GM 34928, GM

35005, GM 35048, GM 35712

1980 Drilling: 12 holes GM 61751

GM 36088, GM 36557 1981 IP Survey GM 37899

1984 Cartography / Prospection

Humus Sampling Drilling: 4 holes

GM 61751 GM 41262 GM 41898

1986

Cambior

Transferred to Cambior Airborne EM-VLF Survey

GM 61751 GM 45687

1987 Mag and Deep EM Surveys Overburden Drilling: 116 holes

GM 61751, GM 61785 GM 46788, GM 62791

1988-1999

Heliborne Mag , IP Surveys Compilation

Drilling: 38 holes Resources estimates by

Géospex

Resources Estimates 1988 : 152,471 t @ 5.0 g/t Au 1998 : 152,471 t @ 5.1 g/t Au

GM 61751, GM 61785 GM 58342, GM 62791 GM 48255, GM 48234

DP-96-17x GM 56060

1999

Cambior (IamGold)

IP Surveys Drilling 3 holes 927 meters

GM 61751, GM 61785 GM 58341, GM

62791, GM 58342, GM 56586

2000 Resistivity and IP Surveys GM 61751, GM 61785 GM 58568, GM 62791

2003 Re-logging DDH

Lithogeochemical Sampling Geophysical Compilation

GM 61751, GM 61785

GM 62791



2004 Magnetometric and IP Surveys GM 61785, GM 62791

2005-2006 Drilling: 4 holes (1746 meters)

Report

BS-05-32 prospect BS-05-33: Recognized Vicour Sill 9.5 g/t Au and 7.1 g/t Au oz 1.5 m

GM 61785, GM 62791

2007-2009 Alexandria Minerals Corp.

Drilling: 15 holes (5,550.5 m) Resources Estimate

Ground electromagnetic survey Thin sections

Resources Estimate 1,557,000 tons at a grade of 3.00 g/t Au or 150,400 troy ounces Au

Internal Reports GM 65844 GM 63730 GM 64541 GM 64542 GM 64543

2011

Alexandria Minerals Corp.

Report on the 2009-2011 Drilling Program on the Sleepy

Property South Block

Drilling successfully extended the already know Sleepy Zone and also led to the discovery of

the new South Zone (100 m south of the Sleepy Zone)

GM 65844

2011-2013

Drilling: 20 holes (11,726.7 m) Heliborne Mag survey

Exploration on the east zones Deep exploration on the west

side of the fault

Significant intercepts in the Sleepy Zone

Internal Reports GM 65844 GM 66153

2014 Report on the 2011-2013 Drilling Program on the Sleepy

Property South Block

The drilling programs showed that the Sleepy Zone is dipping

west, parallel to the Sleepy Lake fault and not continuous on the

South and East Zones.

Not yet submitted to the statutory work

Table 2: Summary of Historical Work on Sleepy Property.

7.0 GEOLOGICAL SETTING (Item 7)

7.1 Regional Geology

All the rocks of the area are Archean in age, except for the north east striking diabase dykes which are Proterozoic in age. Volcanic rocks predominate in the northern half of the area while clastic sedimentary rocks are dominant to the south (Figure 4).

The volcanic rocks of the Val-d’Or-Malartic area are subdivided into two principal

groups, the Lower Malartic Group (containing the La Motte-Vassan, Jacola and Dubuisson Formations) is located in the northern portion of the region, and the Upper Malartic Group (containing the Héva and Val-d’Or Formations) is located in the southern portion of the region (Figure 5). Slivers of the Piché Group occur as included along the Cadillac Break. The Lower Malartic Group volcanic rocks are dominated by submarine komatiites and tholeiitic basaltic flows. The Upper Malartic Group volcanic rocks range from tholeiitic to calc-alkaline in affinity (Imreh, 1984), and include flows of mafic to intermediate composition, rhyolitic flows, flow breccias, and pyroclastic rocks of felsic to intermediate composition.

G

2

GEOLOGICA GR

2014 – NI 43-101 T

ROUPE-CONSE

Technical Report on

EIL


Figure 4

ber 25th, 2014

4 – Abitibi Geol

ogy

Page22

G

2

GEOLOGICA GR

2014 – NI 43-101 T

ROUPE-CONSE

Technical Report on

EIL


Figure 5 –

ber 25th, 2014

– Regional Geoology

Page23



Clastic sedimentary rocks of the aerially extensive Pontiac Group overlie the Malartic Group volcanic rocks in the southern part of the region. These sedimentary rocks are composed of turbidite sequences consisting of interbedded greywacke, siltstone, argillite and conglomerate. Similar clastic sedimentary rocks of the Cadillac and Kewagama Groups occur further to the west in the Malartic area, or are also entrained within the Cadillac Break in the Val-d’Or Area.

Several large granitoid intrusions have been emplaced into the local stratigraphy. The largest of these are the post-kinematic Lacorne and Pascalis Batholiths. The Bourlamaque Batholith (Figures 4 and 5) is a synvolcanic granitoid intrusion described as a quartz diorite by Campiglio (1977). The Centre Post Intrusion (also known as the East Sullivan Pluton) is a stock of intermediate composition that exhibits a zonation from a monzonitic core to a dioritic rim. It has been emplaced into the Upper Malartic Group rocks. Numerous other smaller intrusions, including gabbro-diorite sills of possible sub-volcanic origin and younger feldspar porphyry dykes, occur throughout the region.

The Upper and Lower Malartic Group rocks have an overall east-west strike and dip steeply to the north. The sequence becomes younger in age to the south and forms the south limb of the LaMotte-Vassan regional anticlinorium. Recent geological work in the Malartic area, where interference fold patterns are observed, demonstrates that at least two phases of ductile deformation have affected the Val-d’Or-Malartic area supracrustal rocks. The first episode involved folding about north-south oriented fold axes. The second episode re-folded the sequence about east-west trending fold axes and was the dominant folding event.

The most prominent structural feature of the area is the Cadillac Break, also known as the Cadillac Tectonic Zone (CTZ), which is situated at, or near, the contact between the Pontiac and the Malartic Groups. This major structure is characterized by intense shearing and mechanical deformation that can be traced from West to East over a total distance of approximately 210 kilometers from Kirkland Lake to Louvicourt. Later subsidiary and conjugate faulting and fracturing along both north-east and, to a lesser extent, north-west trends have also occurred along its axis. The Sleepy Lake Property is located within the Val-d’Or Formation of the Malartic Group approximately 2 km north of the Cadillac Break.

The metamorphic grade of the Malartic Group volcanic stratigraphy is middle green schist facies, as indicated by a chlorite-epidote-carbonate mineral assemblage in rocks of mafic composition. The regional metamorphic grade increases towards the south to upper greenschist facies in the vicinity of the Cadillac Break, and to amphibolite facies further south.



7.2 Local Geology

The property is located in the southeastern part of the Abitibi Sub-Province of the Superior Province of the Canadian Shield. The Abitibi Greenstone Belt is the largest Archean-aged greenstone belt in the world and in terms of gold and base metals production, one of the most prolific. The property is partly underlain by the Vicour gabbro-diorite sill. The Vicour Sill hosts the Sigma II Mine past producer which is located 4.5 Km to the WNW (Figure 6). The geological rock units which were observed on the Sleepy Lake Property mainly consist of volcanics of felsic to mafic composition of the Val-d’Or and Héva Formations and of the Malartic Group. These volcanic units were intruded by several intrusive dykes and sill (gabbro-diorite) which is host to the Sleepy Gold Zone and the Sigma II past gold producer run across the Sleepy Lake Property in an EW orientation. Common alterations observed within the intrusions consist of chloritization, epidotization, silicification and albitization. The units dip steeply to the south with tops looking to the south as well. Several faults and shear zones were observed on the property. Some are parallel to the Cadillac Break. Others are conjugate and subsidiary structures striking NE which locally displace or offset the Intrusive dykes and sill with a dextral movement. The NE-SW striking structures particularly seem to play a crucial role in the control of mineralization of the Sleepy auriferous mineralization.

7.3 Mineralization The reference to the Production above is of a historical nature and is non-compliant with the new version of NI 43-101. However, the authors believe that these references give a conceptual indication of the potential of the area and that they are pertinent to this report. The information is not necessarily indicative of the mineralization on the property that is the subject of the technical report.

The Sleepy Zone occurs in a similar geological context as the Sigma II mine that produced 1.8 million tonnes at 2.7 g/t Au (156,255 ounces of Gold; Ref.: Cogite File 32C/03-0027 and GM 58273 from MRNQ). The Sigma II mine is located along the same mineralized horizon (quartz-diorites and tonalites) 4.5 km to the west. Mineralization has also been detected to the east of the Sleepy deposit. 1.2 km to the east of the Sleepy Zone, drill hole BS-05-32 intersected mineralization grading 18.7 g/t Au over 1.5 m.

The Sleepy deposit The Sleepy deposit is hosted within the Vicour Sill which also hosts the former Sigma II mine. The main Sleepy Zone is located east of the Sleepy Lake fault. The Vicour sill is a nine (9) kilometer long differentiated dioritic to gabbroic sill trending 110 degrees and dipping steeply to the south. The sill is magnetic and has been faulted by a series of



dextral right lateral fault trending NE – SW. The Sleepy Lake Gold Zone occurs next to at least one of the NE trending faults. The Sleepy gold mineralization is hosted in a steeply dipping feldspar porphyry dyke with a siliceous matrix intruding the Vicour sill near the south contact of the sill. The exact nature of the zone is still to be determined. The zone appears strongly altered with albite-quartz-chlorite alteration and has been previously reported as a tonalite (GM 48234). The zone contains 5-20% disseminated and locally semi-massive sulfides with predominant pyrite, pyrrhotite and occasionally chalcopyrite. The Sleepy Zone has sheared contacts altered with abundant blue quartz alteration. The Sleepy mineralization is approximately 550 metres in strike length, 2-22 metres thick and steeply dipping to the south. The zone is moderately to steeply raking to the west and appears to be converging with the cross cutting Sleepy Lake Fault. In the area, similar gold bearing feldspar porphyritic dykes have been intersected in several localities along strike with the Sleepy Zone, in the Vicour sill near its south contact with the volcanic rocks, including the Sigma II deposit 4.5 kilometers WNW, where abundant quartz tourmaline vein occurs along with the siliceous feldspathic dyke. Gold bearing albitized feldspar porphyritic dykes have been reported to occur at the Bevcon and Brosnor mines and have been thought to be related to late magmatic events related to the formation of gold bearing quartz-tourmaline vein swarm (MB 85-04 and MB 88-33). Drilling west and east over the stratigraphic horizon have intersected a shear zone when the tonalite was absent. In September 2008 Alexandria Minerals ordered a petrographic study on nine representatives samples of hole IAX-08-30 (2.41g/t Au and 1.53 g/t Ag over 4.1m). The study concluded that the absence of deformation within the alteration minerals demonstrated that the intrusion was post regional deformation. Mineral assemblages suggest a low temperature alteration stage associated with supergenic conditions. The Sleepy Zone alteration is consistent with a hydrothermal alteration consisting in (Chlorite-Ilmenite-Rutile-Carbonate-Pyrite). As the thin sections did not contain any visible gold the study was inconclusive about the gold carriers. According to Alexandria Minerals and Cambior drill holes descriptions and assays the highest gold grades are associated with quartz veins (visible gold was observed in quartz-carbonates veins) hosting abundant pyrite mineralization, some visible gold was also observed in the silica matrix. The gold appears to be free in the silicates in the veins and in the matrix and some could be trapped in the pyrite crystals. Indeed, gold mineralization is observed along with the pyrite dissemination but there is a gold grade enhancement when quartz-pyrite veins are present within the zone.

G

2

GEOLOGICA GR

2014 – NI 43-101 T

ROUPE-CONSE

Technical Report on

EIL

n the Sleepy Lake P

Figu

Property – Novemb

ure 6 – Local G

ber 25th, 2014

Geology and Drrilling Results

Page27



8.0 DEPOSIT TYPES (Item 8) The reference to the Production and Resources above is of a historical nature and is non-compliant with the new version of NI 43-101. However, the authors believe that these references give a conceptual indication of the potential of the area and that they are pertinent to this report. The information is not necessarily indicative of the mineralization on the property that is the subject of the technical report. The Sleepy Lake property hosts the historic Sleepy deposit (Resources of 152,471 t @ 5.1 g/t Au; Ref.: Cogite File 32C/03-0059 and GM-58342, MRNQ). The geology of this deposit is the same as the Sigma II mine located 4.5 km west along strike (Figure 7).

The Sigma II deposit (prod. 1.88 Mt at 2.67 g/t Au; ref.: Cogite File 32C/03-0027

and GM 58273 from MRNQ) is located 100m north of the sill southern contact and is hosted in a rock describes as a tonalite with albite and blue quartz eyes and chlorite alteration. The gold is associated to quartz-tourmaline veins and pyrite (in the veins and disseminated in the matrix) hosted within the felsic horizon. Like the Sleepy deposit, the Sigma II deposit is located east of an important dextral NE fault that displays the Vicour Sill. The Sigma II and Sleepy deposits are likely on the same mineralized horizon.

The main difference between the two deposits (Sigma II and Sleepy Deposit) is

that the gold bearing horizon of the Sigma II deposit contains 2 – 4% pyrite and arsenopyrite but there is no arsenopyrite at the Sleepy deposit. A geological mapping from 1989 by the exploration services of Sigma Mine Ltd. shows that the tonalitic horizon exists between the two deposits and locally contains economic gold values. The tonalitic horizon pinches 1.5 km west of the Sleepy deposit and a shear zone occurs at the same stratigraphic position. The shear zone hosts gold values grading up to 5.1 g/t Au over 0.7m. From data gathered from the ministry of natural resources, only 27 diamond drill holes from 50m to 328m long tested the rest of the sill over a strike length of 2.6km down to less than 150m. Average length of the holes is less than 200m.

G

2

GEOLOGICA GR

2014 – NI 43-101 T

ROUPE-CONSE

Technical Report on

EIL


Figur

ber 25th, 2014

re 7 – Depositss

Page29



9.0 EXPLORATION (Item 9)

9.1 Heliborne Magnetic Survey In July 2011, a total of 4,811 line kilometers of field magnetic data was flown, collected and processed by New-Sense Geophysics Limited for Alexandria. Survey parameters were 50 meters traverse line spacing, 500 meters control line spacing, 25 meters average terrain clearance, N-S traverse line direction and E-W control line direction using an high-sensitivity Cesium-3 magnetometer mounted in a fixed stinger assemblage.

This Heliborne survey covers all the properties owned by Alexandria. In the report, titled Logistics and Interpretation Report for the High Resolution Helicopter Magnetic Airborne Geophysical Survey, dated October 12th, 2011, the author has identified numerous structures that have been proven to host economic mineralization in the past.

Its conclusions are: A comparison of these structures to similar features along the

CTZ may reveal previously unknown zones of interest. In particular, additional exploration should be considered along the contact of delineated intrusions, especially where the intrusion intersects the strong magnetic signature in the near vicinity of the CTZ. Two of the three deposits in the area are located along intrusive contact zones; therefore, similar regions in this type of environment should be considered higher priority for follow-up. In addition, structures that crosscut the CTZ such as faults and sills should also be considered as exploration targets. This extends to the E-W sill which crosscuts the CTZ located near the east edge of the property (noted above) that may provide favourable conditions for shear zone style mineralization.

10.0 DRILLING (Item 10)

In 2011, Alexandria completed 16 holes totalling 10,726.7 meters. Holes SAX-11-001, SAX-11-002, SAX-11-003, SAX-11-004, SAX-11-005, SAX-11-006, SAX-11-007, SAX-11-008 and SAX-11-009 were drilled from south to north to explore the Vicour sill to test for extensions of the Sleepy deposit. All those holes show the same geological sequence from south to north:

- A deformed felsic to intermediate volcanic package composed of tuffs and vesicular flows. The deformation is east-west with subvertical dip to the south.

- An intermediate to mafic volcanic package composed of massive lavas, tuffs and dioritic small sills.

- A coarse grain diorite-gabbro at the top of the Vicour sill. This unit shows blue

quartz of a very unusual color (very intense blue). The blue quartz increase from



2% to 15-20% going down hole and reach it maximum concentration at the contact with the Sleepy horizon. The blue quartz can be considered as a good indicator for mineralized horizons.

- A coarse grain tonalitic horizon containing more or less blue quartz and

mineralization. Named the “Sleepy Horizon”, this unit hosts the mineralization of the “Sleepy Zone” of the Sleepy deposit. This horizon was found in holes IAX-09-49, SAX-11-001, SAX-11-003, SAX-11-005 and SAX-11-009. In holes SAX-11-002 and SAX-11-004 the Sleepy horizon is replace by a shear zone which does not bear gold values.

- A succession of dioritic to gabbroic sills with a small to medium grain size and no

more blue quartz.

- A late fine black diabase dyke with an East-West trend and a 70° South dip cut the volcanic package.

Drill hole SAX-11-004 intercepted a new mineralized zone named “South Zone”

(recently renamed Ozawi zone). The zone is located approximately 100m south of the main Sleepy Zone at the contact between two diorite sills. The northern dioritic sill shows a strong presence of blue quartz. The gold is hosted in quartz veins. The Ozawi zone returned 28.74 g/t Au over 8.4m drill length, 4.2m true width. Drill hole SAX-11-005 intercepted the Sleepy Zone containing 11.28 g/t Au over a drill length of 4.80 m (see Sleepy Typical Section on Figure 8).

G

2

GEOLOGICA GR

2014 – NI 43-101 T

ROUPE-CONSE

Technical Report on

EIL


Figure 8 – S

ber 25th, 2014

Sleepy Typical SSection

Page32



Drill hole SAX-11-007 intercepted mineralization to the east of the Sleepy zone containing 4.92 g/t Au over a drill length of 3.00 m. Drill hole SAX-11-009 intersected the South zone containing 89.43 g/t Au over a drill length of 1.00 m. Hole SAX-11-009 also intersected the Sleepy Zone containing 6.66 g/t Au over a drill length of 22.70 m.

Three (3) drill holes (SAX-11-010, SAX-11-011 and SAX-11-012) were drilled to test the possible lateral and depth extensions of a quartz vein rich zone bearing visible gold intersected in the volcanic sequence 60m south of the Vicour Sill and the Ozawi Zone which was discovered in drill hole SAX-11-004 (28.75 Au g/t / 4.2m (TW)). Those three holes ended before reaching the Vicour Sill.

Three (3) drill holes were testing the presence of the Sleepy Zone on the west side of the Sleepy Lake Fault, following the currently interpreted plunge of the zone. Drill hole SAX-11-013 was drilled and holes SAX-11-006 and SAX-11-009 were extended across the Sleepy Lake fault Two (2) drill holes were testing the extension of the mineralization intersected east of the deposit in drill hole SAX-11-007. Holes SAX-11-014, SAX-11-015 and SAX-11-016 were drilled about 1.3 km east of the Sleepy Lake deposit to explore the Vicour Sill and follow-up hole SAX-11-007 intercepts (2.78 g/t Au/3.08m TW and 2.5 g/t Au / 5.78m (TW)). In 2012, Alexandria has completed 4 drill holes totalling 1,000 meters. These drill holes were drilled during winter time on the Sleepy Lake using an ice bridge in order to better define the resources on the deposit at surface below overburden. The objective was to explore the Sleepy deposit close to the Sleepy Lake fault between surface and 200m depth under the Sleepy Lake.

During the first three (3) months of 2013 six (6) drill holes were drilled for a total of 3,514.5 meters. Drill holes SAX-13-021A, SAX-13-022, SAX-13-023, SAX-13-024 and SAX-13-025 were drilled to test the extension of the Sleepy deposit at depth. Drill hole SAX-13-021A was drilled to test the extension of the deposit a hundred meters east of drill hole SAX-11-005 (11.28 g/t Au / 3.3m (TW)). Drill hole SAX-13-021 jammed in a fault before reaching its target; it was wedged at 333m and extended as drill hole SAX-13-021A. Drill hole SAX-13-024 jammed at 57 meters due to sand in the drill hole and was re-drilled as drill hole SAX-13-025.

Recently, in 2014, ten (10) drill holes (4,711 m) were completed on the Property. Diamond drill hole SAX-14-026 penetrated the target Sleepy Gold Zone at a vertical depth of 320 m, and west of the Sleepy Lake Fault, a northeast-trending fault which offsets the Sleepy gold resource. SAX-14-026 is the most westerly hole drilled on the deposit and therefore significantly opens the exploration potential west along strike of the Sleepy gold deposit. This DDH intersected visible gold which assays 19.65 g/t Au over 0.4 m. Diamond drill holes SAX-14-027A and SAX-14-028 penetrated the targeted Sleepy Zone 100 m and 65 m below the nearest gold-bearing holes, extending gold mineralization to 550 m vertical depth. DDH SAX-14-027A intersected 13.45 g/t Au over 0.70m Au in the Sleepy Gold Zone, part of a broader zone of albite-quartz-pyrite alteration. Similarly, DDH SAX-14-028 intersected 2 separate high grade zones, 5.35 g/t over 0.50 m and 5.41 g/t



over 0.50 m, each part of a broader lower grade envelope of 0.72 g/t Au over 21.00 m. A part of these drill holes (SAX-14-029 to SAX-14-034) were realized to explore the mineralization potential of the Sleepy East Zone in extension of drill holes completed in 2011 (SAX-11-007, SAX-11-014, SAX-11-015 and SAX-11-016) in the central part of the property (East Copper/Zinc Zone). The East Copper/Zinc Zone is a subsidiary zone located in the volcanics south of the Vicour sill and composed of disseminated and stringers of chalcopyrite.

11.0 SAMPLE PREPARATION, ANALYSES AND SECURITY (Item 11)

Following the Ni 43-101 regulations, the core sampling protocol was established in 2011 by Alexandria Minerals Corporation. Once the drill is core extracted, the method used is as follows:

11.1 Sample preparation

Core boxes are received daily from the drilling company, opened and set on logging tables.

The core is fitted together, washed with water and a brush, the depth markers in the boxes are all checked to make sure there are no depth measurement mistakes;

Before logging commences, pictures of the core boxes are taken in its entirety; The core recovery and RQD of the core is then measured. Then geology and contacts are marked with a yellow wax marker and descriptions

entered into a Logging program: DHLogger (Century Systems). Data are transferred into a central SQL database and displayed with MapInfo-Discover. Samples for assaying are then marked and described, the geologist also orients the core, marks the start and end of the sample directly onto the core with a red colored wax crayon while the core is still intact in the core box. This allows for the sampling of the same side of the core, as well as cutting perpendicular to the structure;

The core is generally sampled over regular intervals varying between 30 cm minimum and 150 cm maximum;

Samples are measured to the nearest centimeter, and sample intervals coincide with major lithological boundaries where appropriate;

A sample tag, made of waterproof paper and legible ink, is placed at the start of the sample interval. Each sample number is unique and entered in the database, a distinct series is used (eg. 113835);

Known standards are inserted by the geologist about every 20 samples. A tag is placed at the appropriate location in the core box, and a technician is in charge to prepare the sample standard as he processes through the cutting of the core and encounters the standard sample tags;

Samples are split with a hydraulic rock saw in Alexandria Minerals Corp.’s core shack in Val-d’Or where the core is stored. Samples are split in half, longitudinally, using an hydraulic rock saw in order to provide witness samples;



Half the sample, bottom half, (assay sample) is placed separately in a plastic bag tied with a plastic tie wrap. The other half is returned to the box according to its original position in the core box and retained for future reference;

In the case of “ground core”, samples are taken by hand with a scoop and a representative part is kept in the core box;

On the remaining half, the sample tag is stapled into the core box showing the sample number at the beginning of the marked sample interval;

The bags are sealed with a plastic tie wrap; a lab requisition form is completed with the instructions for assay procedures, samples to be assayed with sample number list and form of assay result presentation. The samples are then picked up by the laboratory employee directly at the core shack and a requisition form is signed;

11.2 Analysis

One Standard (Ore Research & Exploration Pty Ltd.) sample is introduced within each batch of 20 core samples. The ALS samples are already packaged in 60 gm sealed foiled bags. The samples introduced are: OREAS 15Pa; OREAS 54Pa; OREAS 10c; OREAS 15h; OREAS 15p; OREAS 52c; OREAS 204; OREAS 10Pb and OREAS 62Pb;

Also introduced by Alexandria personnel in the batch of 20 core samples is one blank sample, normally introduced within an area that may expected to give positive gold results. The blank samples are pure silica or carbonate gravel;

Also introduced in the batch of 20 core samples is a duplicate sample of the core sample already collected for assaying (2 tags in the same bag split at the lab);

Rock samples were prepared at AGAT Laboratories in Sudbury, Ontario and ALS Chemex in Val-d’Or (Quebec). All samples underwent custom crushing and pulverizing techniques. The entire sample was passed through a primary crusher to yield a fine crushed product where greater than 95% of the sample passes through a 2mm (-10 mesh) screen. Samples were then riffle split to obtain approximately a one-kilogram sub-sample, which was then pulverized using a ring mill pulverizer. All samples were pulverized to greater than 70% of the ground material passing through a 75-micron screen. Samples were analyzed at AGAT Laboratories in Sudbury, Ontario and ALS Chemex in Val-d’Or, Quebec for Au, Ag, Cu, and Zn.

The samples are analyzed for Au by FAA – Gold Fire Assay (Pyro-SAA-020), AA Finish Fire Assay Fusion. The samples are mixed with fluxing agents including lead oxide, and fused at high temperature. The lead oxide is reduced to lead, which collects the precious metals. When the fused mixture is cooled, the lead remains at the bottom, while a glass-like slag remains at the top. The precious metals are separated from the lead in a secondary procedure called cupellation. The final technique used to determine the gold and other precious metals contents of the residue can range from a balance (for very high grade samples). 30-g samples were analyzed for gold using fire assay with atomic absorption finish (Au-AA020), giving a lower limit of detection of 5 ppb and an upper limit of detection of 10,000 ppb Au. For samples with > 1000 ppb Au, a 30-g sample was re-assayed



using fire assay methods with a gravimetric finish (Au-Pyro-SAA-010), giving a lower limit of 0.05 g/t and an upper limit of 1,000 g/t. If assays surpassed 10 g/t Au then they are re-assayed by Pyro Gravimetric (Au-Pyro-SAA-010).

Samples are also analyzed for Ag (DIG-AR Ag detection 0.5 ppm), Cu (DIG-AR Cu detection 5ppm) and Zn (DIG-AR Zn detection 5ppm). A prepared 0.50-gram sample was digested with perchloric, nitric and hydrofluoric acids. The residue was dissolved in nitric and hydrochloric acids and diluted to a final volume with de-ionized water. The resulting solution was analyzed by inductively coupled plasma-atomic emission spectrometry (ICP-AES). Following this analysis, the results are reviewed to ensure that base metal concentrations are less than 1%, with the exception of silver, which have upper analytical limits of 100, 500, and 1000 ppm. Samples that met this criterion were then diluted and analyzed by inductively coupled plasma - mass spectrometry. Results were corrected for spectral inter-element interference.

Internal Lab Quality Control Procedures – Lab standard operating procedures require the analysis of quality control samples (reference materials, duplicates and blanks) with all sample batches. As part of the assessment of every data set, results from the control samples are evaluated to ensure they meet set standards determined by the precision and accuracy requirements of the method.

11.3 Quality control and Security

I- List of Standard Used and Description Standard Name

Standard Type

Furnisher Std Mean(g/t)

Calculated Mean (g/t)

Calculated Standard Deviation(g/t)

Test 1*

Min Allowed (g/t)**

Max Allowed (g/t)***

Calculation based on number of standards

10C Au 6.60 6.58 0.30 9.08 5.83 7.33 478 10Pb Au 7.15 7.10 0.36 10.05 6.20 8.00 214 15H Au 1.02 1.06 0.08 15.11 0.86 1.26 31 15Pa Au 1.02 1.00 0.10 19.42 0.75 1.25 319 15Pb Au 1.06 1.09 0.10 18.63 0.84 1.34 49 54Pa Au-Cu 2.90 2.89 0.17 11.91 2.465 3.315 466 52c Au 0.346 - - - 0.276 0.416 - 204 Au - 1.04 0.04 - - - - 502 Au - 0.49 0.02 - - - - 502b Au - 0.495 0.015 - - - -



Details on Calculations:

*Test 1: ((2*standard deviation)/Calculated Mean)*100 < 50% Mean and Standard Deviation are valid ((2*standard deviation)/Mean)*100 > 50% Mean and Standard Deviation are invalid and the Furnisher standard mean should be used.

** Minimum allowed calculation Min = Calculated Mean – (2.5*standard deviation)

***Maximum allowed calculation Max = Calculated Mean + (2.5*standard deviation)

II- Procedure of Standards’ verification

Original Assays certificates received from the laboratory are forwarded to the geometrician who is in charge of integrating the individual certificates (on certain occasion, the project geologist is the one integrating the assays certificates). The certificates are then saved onto the network in the corresponding drill hole folder in a folder called “Original’. A copy of the original certificate is then saved in a folder called “Import” and the copy is labelled as follows:

“10U5321656_Verified_Project Geologist.”

Lab Certificate Number Initial of the person who verified the certificate

This indicates that the file has been opened and that it corresponds to Alexandria Minerals Corporation importation template.

Standards with gold values over 1 g/t are subjected to Fire Assay analysis with AA finish (no gravimetric finish). In the case a laboratory still does process with gravimetric analysis, only the fire assays are considered, and only this value is integrated within the central database.

When the certificate is integrated within the database, automatic processes check if the analysed value within the certificate is within 2.5 standard deviations (std) from the actual value of the standard.

GEOLOG

2014 – NI 4

‐

‐

T

(standarthen the

OguaranteapproveQAQC. geologis

GICA GROUP

43-101 Technic

If the anlaboratorthis casBerthelotthe recheautomatiintegratiosecond ithe certif

If the anathen thepresente

The project rds are alwe assays are

Once all theee that the

e and deliveThis report

st who will b

PE-CONSEI

cal Report on t

alysed valury and askse, a notifit). If at the eck value rcally rema

on processmportation ficate in the

alysed value import loed as follow

geologist isays very loe re-analys

e assays froe QAQC crer for the dt will have tbe in charge

L

the Sleepy Lak

ue is highes for a rechcation is second pa

replaces thains in the ses and tha

(details are central da

ue is within og is savedw:

s then in chow or alwaysed and a n

om a drill hriteria haverill hole Cryo be sent ae of transfe

ke Property – N

er than 2.5 eck of the asent to th

ass the certhe first origi

central daat some vare automatitabase).

2.5 std devd onto the

harge of verys very highotification is

ole have bee been resystal Repoat the sameerring the in

November 25th,

std, the pranalysis on

he V.P. oftificates meinal value iatabase inalues haveically repor

viation frome network

rifying if theh). If a biass send to th

een integrapected, thert stating th

e time as thnformation t

2014

roject geolon the pulps f Exploratioeets the QAin column Adicating th

e been reprted within

m the actuaalong with

ere is no bias is remarkehe laborato

ated and vee geometrihe good ache final assto the V.P.

P

ogist contacof the sam

on (Mr. PAQC criteriaAA23 and

hat there wplaced durin

the import

al standard h a QAQC

as in the aned in the anory.

erified, in ocian will h

chievement ays to the pof Explorat

Page38

cts the mple. In

hilippe a then, a note

were 2 ng the log of

value, C chart

nalysis nalysis

rder to ave to of the

project tion.



III- Data transformation during integration

The program used by Alexandria Minerals Corp. from CAE Mining (DH Logger)

does not deal with symbols within the assay table. Therefore, some of the codes used by the laboratory within the certificates are automatically transformed during the importation of the data.

This happens in cases where the laboratory reaches a detection limit superior (>)

or inferior (<), or in cases where a sample has not been recovered (NRS). In the case where a sample has not been recovered, the import fails and a notification is given to the person importing the certificates. This problem is then looked at and fixed.

In cases an analysis is below or above detection limit, automatic replacement is

done as follows:

Laboratory Code Automatic formula Value entered in Central Data base

<0.02 0.02/2 0.01 >10 -9999

IV- Calculation of the Au calculated field, the case of multi-analysis Within the central database there are 8 main columns for gold:

‐ AU_AA23 (fire assays with AA finish) ‐ AU_GRAV21 (fire assays with gravity finish) ‐ AU_MS (metallic screen analysis) ‐ Au_Calc (calculated gold value with the program) ‐ All those columns repeat for duplicates analysis

The Au_Calc field is automatically calculated during the integration of the assays using the following rules:

‐ If a metallic screen analysis is present then Au_Calc = Au_MS ‐ If only a fire assay with AA finish is done (Au <1 g/t), then Au_Calc = Au_AA23 ‐ If a fire assay with AA finish and a gravity finish is done, then Au_Calc =

(Au_AA23 + Au_Grav21)/2 ‐ If a duplicate is present the (Au_Calc = Au_assays _original + Au_Duplicate ) /

2 ‐ If an assay has a AA finish value above detection limit (-9999), then Au_Calc =

Au_Grav21



12.0 DATA VERIFICATION (Item 12)

The authors confirm that the assay results listed in the previous reports and previous diamond drill logs are the same and a compilation of the diamond drill holes completed.

GeoPointCom proceed with the importation of the drill hole database from the SQL format (Century system) to Access format (Geotic). During this process, GeoPointCom re-imports the entire assay results available on electronic certificates (220 certificates) and compares these results with the one previously entered in the SQL database. Thus the author was able to check and validate 93.5% of all assay result. Over the 32014 results check, 241 cases showed a small difference. Most of the time (86%) the difference is simply due to the value of the detection limit badly applied. Other cases must be relying to averaging of assay check. The method retained by GeoPointCom to average assay results in the case of multi check is a simple average of all available results regardless of the precision for each method. The only exception (where an assay result was not included in the average) is when the result is reported as “over limit” or “insufficient material”. The review made by GeoPointCom did not uncover any important discrepancies but it allowed correcting some small averaging errors. In addition to the assay results, the geological description, the down-hole survey, and collar location were also verified prior to be incorporated into the final database. After reviewing the database, GeoPointCom is of the opinion that the final drill hole database used for the 2014 resource estimate is adequate and reliable for the purpose of this report.

Geologica collected and analysed a total of 47 samples of second-half drill core from drill holes SAX-13-025, SAX-14-027A and SAX-14-028 completed by Alexandria (see Figures 9 and 10, and Photos in Appendix III). Geologica’s samples were collected independently of Alexandria, kept secure and transported to the ALS Chemex assay laboratory in Val-d’Or for fire assay using aliquots of 30 g. For fire assay, all assays were finished by atomic absorption; samples that returned greater than 1 g/t Au were re-assayed using a gravimetric finish. Sample preparation included crushing to 70% less than 2 mm, riffling out a 200 g fraction and pulverizing to 85% less than 75 µm. Certificates are contained in Appendix II.

Assay results for these independent samples are listed in Table 3 and compared with original assays obtained by Geologica and Alexandria.

The results confirm the presence of gold in the mineralized intervals sampled. Correlations between the original and the 2nd half core sampling are generally excellent. The correlation coefficient is varying between 90 and 99%. Only 2 samples



showed a large difference with Alexandria's sampling. The difference is probably due to the nugget effect (i.e. the presence of coarse gold grain).

Geologica’s review of Alexandria’s drill core also included comparison of geology as reported in the drill logs with our observation made of the core. We found that logging was done professionally, according to industry standards. Sample descriptions were also found to be reasonably representative. We also checked sampled intervals in the core against those reported in the logs and found no discrepancies.

G

2

GEOLOGICA GR

2014 – NI 43-101 T

ROUPE-CONSE

Technical Report on

EIL

n the Sleepy Lake P

Figure

Property – Novemb

9 – Plan View

ber 25th, 2014

showing resammpled drill holees

Page42

GEOL

2014 –

LOGICA GRO

NI 43-101 Tec

F

OUPE-CONS

chnical Report

Figure 10 –

SEIL

on the Sleepy

Section Vie

Lake Property

ew showing

– November 2

g resampled

25th, 2014

d Drill holes

P

s

Page43



Table 3: Comparative results of sample by Alexandria Minerals and Geologica

Geologica Sampling Alexandria Sampling

Hole No. From To SAMPLEAu

(ppm) Ag

(ppm) Cu

(ppm) Zn

(ppm) SAMPLE Au

(ppm) Ag

(ppm) Cu

(ppm) Zn

(ppm)

SA

X-1

3-02

5

572.6 573.6 M075318 0.123 -0.2 90 29 E5364955 0.486 0.25 199 66

573.6 574.6 M075319 1.43 2.4 221 1675 E5364956 2.13 2.4 336 805

574.6 575.6 M075320 2.38 4.3 538 880 E5364957 1.935 5.1 706 1750

576.6 577.6 M075321 14.55 22.2 4040 2240 E5364959 15.7 18.1 2090 2890

577.6 578.6 M075322 2.26 6.7 1220 2460 E5364962 2.345 6.3 654 2530

578.6 579.6 M075323 1.845 6.8 329 3050 E5364963 2.44 5.7 452 3590

579.6 580.6 M075324 11.2 2.3 448 126 E5364964 5.76 11.8 405 146

580.6 581.6 M075325 1.16 0.2 122 36 E5364965 2.255 0.9 212 60

581.6 582.6 M075326 0.599 0.2 280 30 E5364966 0.282 0.25 160 29

582.6 583.6 M075327 16.2 14.3 874 706 E5364967 17.75 13.6 602 1250

583.6 584.6 M075328 0.21 0.2 136 149 E5364969 0.326 0.25 120 58

584.6 585.6 M075329 0.173 -0.2 529 30 E5364970 0.215 0.25 419 34

585.6 586.6 M075330 0.065 -0.2 508 33 E5364971 0.058 0.25 373 46

586.6 587.6 M075331 0.609 0.7 282 529 E5364973 0.862 0.9 360 823

587.6 588.6 M075332 0.144 -0.2 209 30 E5364974 0.404 0.25 194 35

587.6 588.6 Duplicata M075333 0.177 -0.2 221 30

Geologica QAQC 587.6 588.6 Blank M075334 0.006 -0.2 4 27

587.6 588.6 Standard_10C M075335 6.51 1 186 102

588.6 589.6 M075336 0.236 0.2 288 31 E5364975 0.221 0.25 204 56

589.6 590.6 M075337 2.22 0.6 185 58 E5364976 1.87 0.25 247 56

590.6 591.6 M075338 12.45 2.6 351 37 E5364977 13.2 3.6 535 39

591.6 592.6 M075339 7.25 2.3 824 38 E5364978 7.63 2.7 1020 58

592.6 593.6 M075340 0.026 -0.2 182 36 E5364979 0.177 0.25 231 37

SA

X-1

4-02

7A 592.2 592.6 M075341 0.33 -0.2 171 58 E5390707 0.14 0.25 139 61

592.6 593.2 M075342 0.015 -0.2 50 73 E5390709 0 0.25 53 76

593.2 594.2 M075343 0.008 -0.2 46 71 E5387310 0 0.25 46 73

594.2 595.2 M075344 -0.005 -0.2 38 62 E5387311 0.01 0.25 39 69



595.2 596 M075345 0.007 -0.2 75 67 E5387312 0.06 0.25 49 71

596 596.7 M075346 26.7 23.7 291 51 E5387313 13 12.3 174 53

596.7 597.7 M075347 0.014 -0.2 70 73 E5387315 0.01 0.25 64 72

596.7 597.7 Duplicata M075348 0.01 -0.2 72 75

Geologica QAQC 596.7 597.7 Blank M075349 0.051 -0.2 1 10

596.7 597.7 Standard_10C M075350 6.57 1 186 101

SA

X-1

4-02

8

634 634.5 M075354 0.188 0.3 75 117 E5749134 4.45 1 47 142

634.5 635 M075355 0.256 0.5 72 269 E5749135 0.23 1.4 79 294

635 635.5 M075356 0.507 0.5 47 104 E5749136 0.99 1.2 91 87

635.5 636 M075357 0.14 0.5 46 226 E5749137 0.4 1.2 46 245

636 637 M075358 1.125 1.3 99 621 E5749138 1.22 1.8 96 779

643 643.5 M075359 2.43 1 496 59 E5749147 5.09 5 454 57

643.5 644 M075360 0.659 0.6 50 117 E5749149 0.79 1.1 94 84

644 645 M075361 0.983 -0.2 46 53 E5749150 0.29 0.8 37 46

645 646 M075362 0.382 0.2 53 27 E5749151 0.1 1 66 26

646 647 M075363 0.134 0.2 48 39 E5749152 0.12 1 121 37

647 648 M075364 1.12 0.2 66 26 E5749153 0.64 1.3 88 29

648 649 M075365 0.823 0.2 314 22 E5749155 0.9 1.3 713 23

649 650 M075366 0.385 -0.2 64 26 E5749156 0.72 0.9 76 29

650 651 M075367 0.548 0.2 186 26 E5749157 1.12 1 306 33

651 652 M075368 0.52 -0.2 39 39 E5749158 0.38 0.9 60 42

652 653 M075369 1.425 -0.2 45 26 E5749159 1.14 1 42 27

653 654 M075370 0.666 0.2 65 22 E5749160 0.61 1 58 22

654 655 M075371 1.105 0.2 85 28 E5749161 0.91 0.9 107 25

655 656 M075372 0.046 0.2 44 28 E5749162 0.12 0.8 51 29

656 657 M075373 0.267 -0.2 67 28 E5749163 0.3 0.9 84 33

656 657 Duplicata M075374 0.332 0.2 66 29

Geologica QAQC 656 657 Blank M075375 0.006 -0.2 2 9

656 657 Standard_10C M075376 6.49 1.2 175 100



13.0 MINERAL PROCESSING AND METALLURGICAL TESTING (Item 13) No recent Mineral Processing and Metallurgical Testing were completed by Alexandria.

However, in November 2009, LTM Laboratory of Val-d’Or completed various recovery and metallurgical tests on seven (7) samples for Alexandria: one sample of 1 kg and three samples of 3 kg, which were collected on mineralized core from DDH IAX-09-49. The samples were crushed at various grain sizes (400, 200, 65, 35 and 10 mesh), passed through a Knelson concentrator, then cyanidated and flocculated.

LTM concluded that:

- The ore is easy to grind; the gold is easily recoverable by cyanidation; the cyanide consumption is low; gravimetric recovery with a Knelson concentrator does not necessarily improve recovery when the ore is concentrated prior to cyanidation; the best flocculent for the Sleepy Lake Property ore is Percol 338.

- It would be advisable to continue the testing with other grinding size and cyanide exposition time to analyse the grinding-cyanide curves. Moreover, very fine grinding and concentration with a Knelson concentrator followed with longer cyanide solution exposition is recommended.

14.0 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES (Item 14) The estimation was performed in August 2014. The cut-off date for the database was May 21, 2014. The last drill hole included and considered is SAX-14-034. The effective date for the resource estimate of the Sleepy Zone is September 15, 2014. The current estimate represents an update of the last estimate prepared by Christian D’Amours of GeoPointCom (the author of this section) in October 6, 2009. GeoPointCom took its mandate directly from Philippe Berthelot, Vice-president Exploration for Alexandria, hereafter referred as “The client”.

14.2.1. Methodology

The Mineral Resource Estimate and geostatistical study detailed in this part of the report was performed using Isatis (V.14.01) software. The method involves a 3D block model of 15m X 15m X 15m estimated by Ordinary Kriging (OK).

14.2.2. Drill hole Sample Database The actual Geotic / MS Access diamond drill holes database was validated and imported by Christian D’Amours P. Geo. (GeoPointCom) using all data submitted by the

GEOLOG

2014 – NI 4

client. Itestimatiofrom the(comparassayed

14 Sdrilling aresourcerepresenhosting interpretthe wiref

GICA GROUP

43-101 Technic

contains 1on) with coe drill core red to 2 93d core. The

.2.3. Interp

Since the 20allowed fore modellinnting all ththe Sleepytation onto frames. Th

PE-CONSEI

cal Report on t

116 surfaceonventionalogs. The 136 samplesdatabase a

pretation o

009 estimatr refinemeng of the Se importan

y zone (Fig27 sectione minimum

Fi

L

the Sleepy Lak

e diamond l analytical116 drill hos in Octobealso contain

f Mineraliz

tion, the gent in shapeSleepy Zont structures

gure 11). Tns spaced 2

m true thickn

igure 11 – W

ke Property – N

drill holes ( gold assales yielded er 2009) fons 1 559 QA

zed Zones

eological moe and gradne, the aus and litholo

The wirefram25 m apartness of the

Wireframe s

November 25th,

(compared ay results, 36 793 m

or a total ofA/QC samp

odel did node. In orduthor consogies includme solid wt, and thenSleepy zon

solid model

2014

to 34 for tas well asof core an

f 11 885 mples.

ot change eder to costructed a ding the alt

was createdn using tie-lne was set

the Octobes coded lithnd 9 853 sam of saw-cu

except that onduct ac wireframetered ore cd by digitizlines to comto 3.0 m.

Page47

r 2009 hology amples ut and

recent ccurate e solid orridor ing an mplete



14.2.4. High Grade Capping Many low grade mineralizations, especially gold, exhibit sample grade distributions with outliers on the high side. It is common in the industry to remove some of the highest (aberrant) values from the assay distribution prior to compositing samples. The main objective of this process is to make sure that the erroneous value could not affect the local grade estimation. However, in most cases, those values are real and correspond to a small quantity of very rich material likely to be found in some mining blocks. Hence the mean grade of the entire deposit should take those values into account since, with hundreds or thousands of samples. It is most likely that the proportion of this material is not over-represented in the distribution of samples. The real problem occurs with local estimates of mining blocks around the outliers: one outlier with a very high grade in a group of 20 samples certainly does not indicate a small proportion of very rich material in the block. On the other hand, it is not because we haven’t found any rich samples around a block that they do not exist. Hence, whenever there is some evidence of the presence in very small quantities of some very rich ore, block estimates close to outliers should be reduced and block estimates with no outliers around might be increased a little. With the development of statistical methods for estimating grade, this process became less important. Indicator Kriging and simulation techniques involving normal transformation of score are very efficient to deal with distribution containing outliers. On the other hand, the presence of some very high values may make the variogram very difficult to establish. If there is no sampling problem (i.e. very high grade duplicate well), there are no theoretical or scientific grounds to cap high sample data. Outliers are a problem in local (block) interpolation with traditional interpolation method (including Kriging) in the sense that blocks close to outliers are likely over-estimated but, if with thousands or hundreds of samples, in most cases, global estimates are not biased (i.e. the average grade of the deposit). However, geostatistics provide some tools to find and removed outliers. The more common methods used to assess the necessity of using a capping value is listed below: - The first indication of the necessity to cap high values is the coefficient of variation “CV”. Ideally, this one should be located close to 1. A CV value above 2 is generally considered as an indication that high values should be capped. In fact this is highly related to the difficulty of producing a clean variogram when the CV is very high. - In the case of a simple normal or log-normal population, the probability curve should form a relatively straight line. A positive break in the upper end is often interpreted as an indication that high values should be capped. This criterion is probably the strongest indication, especially when the interpolation method is based on a normal or log–normal distribution. - The metal factor method consists of comparing the cumulated metal percentage with the cumulated data percentage. This technique takes for granted that all samples



represent an equivalent number of tonnes. Specialists generally agree to keep this factor below 10. In other words, there should never be more than 10% of ounces in less than 1% of tonnes. This method really concentrates on the upper 1 or 2% of the distribution. It is more a security factor than a distribution analysis. Figure 12 below shows the distribution (density, box plot and probability plot) of gold values for all samples within the Sleepy zone. From this graph it is clear that the Sleepy Zone samples do not form a simple normal or log-normal population. It seems to be a bi-modal distribution where two (2) sub-populations may intersect around 2 g/t. The metal content distributions within the percentile classes show that 14.5% of the metal content is contained within the last percentiles. To satisfy the metal factor method explained above, the higher grade could be capped at 52 g/t. This capping will affect only 3 samples, reduce the total metal content by 5.6% and bring the CV from 2.4 to 2. Then the author is proposing to cap the high sample grades to 52 g/t prior to proceed with compositing length.

Figure 12 – Distribution of gold values

14.2.5. Compositing Compositing was compiled using the grade of the adjacent material when assayed, or a value of zero when not assayed in order to minimize any bias introduced by the

Au

(g/t)



variable sample lengths, and variable drilling angle. Capped gold assays (as determined in the previous subsection) were composited to 0.66 m true lengths within all intervals that define the mineralized zones. The intersection within smaller remaining lengths were redistributed over the whole composite. True length is determined considering that the Sleepy mineralized zone is oriented N090/-80.

Figure 13 – Effect of Length on the Grade

14.2.6. Variography The variography was modeled using Isatis software. The resulting model is highly anisometric, where σ1 and σ2 are included on the longitudinal plan of the sleepy zone with a range of respectively 189 and 100 meters long. σ3 is perpendicular to this plan and is only 3 meters in length. To avoid having to work with a local anisometric process, due to the waving aspect of the zone, the author expands σ3 to 50m.

Grade A

u(g/t)

GEOLOG

2014 – NI 4

14

AThis estadequat

1.1 14 Aof the bl Easting:

GICA GROUP

43-101 Technic

.2.7. Bulk D

A specific gtimation cate and prec

.2.8. Block

A block moock model

237095m

PE-CONSEI

cal Report on t

Density

gravity of 2ame from acise enough

k Model Ge

odel was are as follo

mE (45 cells

L

the Sleepy Lak

Figure

.82 g/cm3 wan averageh for the pur

eometry

establishedows (center

s x 15 m ea

ke Property – N

14 – Variog

was measue of 44 merpose of thi

d to coverr of the fron

ach)

November 25th,

grams

ured and ueasurementis study.

r the entirent, bottom, l

2014

used for thets. It can b

e drilled aeft cell):

e 2009 estbe consider

area. The o

Page51

timate. red as

origins



Northing: 5324795mN (16 cells x 15 m each) Elevation: 2575m (48 cells x 15 m each) The block model was not rotated and the error on volume calculated from the block model compared to the volume estimated from the wireframe is lower than 0.01%. Due to the expected mining method (Long hole) and the relatively small thickness of this ore zone, optimisation of the smaller mining unit (SMU) in the North-South direction will not be possible. To prevent this and allow for a free selectivity in the two other directions, the grade and volume estimated on the previous block model will be moved on to a longitudinal block model where the number of cells in the North-South direction is only one regardless of the thickness of the zone at this point. The origins of the longitudinal block model are as follows (center of the front, bottom, left cell): Easting: 237095mE (45 cells x 15 m each) Northing: 5324907.5mN (1 cell x 240 m) Elevation: 2575m (48 cells x 15 m each) Only the longitudinal block model will be used for reporting the final estimates.

14.2.9. Mineralized Zone Block Model All cells of the original block model with at least 0.001% of their volume falling within the Sleepy Zone Ore solid were assigned the corresponding solid Ore code. A percent block model was generated reflecting the proportion of this code in each cell.

14.2.10. Grade Block Model For each cell falling within the Sleepy zone, the grade was estimated by Ordinary Kriging (OK) using a minimum of 12 and a maximum of 30 composites within a search ellipsoid having exactly the same geometry as the variogram model. No other parameters where used for controlling this interpolation process. Grade was estimated for Au and Au capped to 52 g/t.

14.2.11. Resource Categories The resource classification definitions used for this report are those published by the Canadian Institute of Mining, Metallurgy and Petroleum in their document “CIM Definition Standards for Mineral Resources and Reserves”.



Measured Mineral Resource The part of a Mineral Resource for which quantity, grade or quality, densities, shape, physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough to confirm both geological and grade continuity. Indicated Mineral Resource The part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed. Inferred Mineral Resource The part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. Resources from this category should not be used to support mine planning and evaluation of the economic viability of the deposit. Due to the sparse drilling pattern, all block where assigned to Inferred category. No indicated or measured category was assigned to any blocks. Based on the variogram modelled and the variance of samples within the search ellipsoid at each cell point, the author came to the conclusion that a regular longitudinal drilling pattern of 40m X 60m on a mesh rotated 20 clockwise may lead to upgraded resources categories to indicate.

14.2.12. Minimum cut-off Value By definition, the cut-off is the breakeven point considering total cost and revenue generated by the operation. The current estimation used the following economic parameters.



Gold value = $1,300/oz. Mining cost = $55/t (metric ton) Milling fees = $25/t (metric ton) Transportation = $15/t (metric ton) Services = $30/t (metric ton) Gold recovery = 90% Dilution = 10% These parameters give a first estimation of the cut-off at 3.7 g/t. It is clear that the parameters are slightly conservative. The average gold value over the last 3 years is 1600$ per ounces. Using 1600$ instead of 1300$ per ounce would lead to a Cut-Off estimation of 3.0 g/t. Other cut-off grade results were also compiled, for comparative purposes (Table 4). The cut-off grade can and should be re-evaluated in light of prevailing market conditions and other factors including gold price, exchange rate, mining method, related costs, etc.

14.2.13. Mineral Resource Estimate Results Given all parameters listed above, the Capped Inferred Resource can be estimated as 1,855,300 metric tons at a grade of 4.7 g/t of gold. This represents a total of 279,760 ounces of gold. GeoPointCom is of the opinion that the current Mineral Resource Estimate classified as Inferred resources is fairly accurate and representative of what is actually known from this zone. This estimate is compliant with CIM standards and guidelines for reporting mineral resources and reserves (Figure 15).

Table 4: Inferred resource per Cut Off

inferred resource per Cut Off

Cut Off (g/t) Calculated from uncapped grade Calculated from grade capped at 52 g/t Ounces affected by

capping Ounces Tonnes Grade Ounces Tonnes Grade

0.0 384 720 3 637 100 3.3 360 170 3 637 100 3.1 6.4%

2.0 355 320 2 472 400 4.5 329 250 2 461 700 4.2 7.3%

3.0 307 350 1 885 500 5.1 279 760 1 855 300 4.7 9.0%

3.7 258 580 1 436 200 5.6 229 390 1 388 100 5.1 11.3%

4.0 221 530 1 138 900 6.1 192 910 1 092 900 5.5 12.9%

4.5 184 970 869 000 6.6 154 330 809 500 5.9 16.6%

5.0 161 410 714 100 7.0 127 860 634 300 6.3 20.8%

5.5 142 160 599 100 7.4 104 340 493 200 6.6 26.6%

6.0 127 860 523 300 7.6 75 730 339 400 6.9 40.8%

7.0 93 320 358 800 8.1 31 740 127 700 7.7 66.0%

GEOLOG

2014 – NI 4

14 In1,557,00only 2.0g/t Cut-Oof 40%. with thedatabasSAX-11-significa 15.0 AD

GBeaufielLake Nopart of th(Quebecof the S15. ToCommu

GICA GROUP

43-101 Technic

.2.14. Com

n October 200 metric to g/t. To alloOff, the actThe combi actual este since 20-005 and

ant grades a

DJACENT P

Ground to ld Resourcorth Copperhe propertyc) Inc. whicleepy prope

o the east, nity.

PE-CONSEI

cal Report on t

Figure 15

mparison to

2009, GeoPons gradingow a reasoual estimatnation of th

timation is 009. DiamSAX-11-00

and thickne

PROPERTI

the north es Inc. comr Zone, the y is borderech also acquerty is the Tthe prope

L

the Sleepy Lak

– Sleepy Pr

o Previous

PointCom eg 3.0 g/t (1nable comption represehese two famainly due

mond drill h01 contribuesses.

ES (Item 2

of the promprising thLugold Eas

ed by the fouired the STrivio propeerty is bord

ke Property – N

roject Comp

Mineral R

estimated in150,400 ouparison, onents a tonn

actors leadse to some vholes intersuted to th

3)

operty is he Sleepy Lst and the wormer Sigmigma-Lamaerty, owneddered by th

November 25th,

posite Long

Resource E

nferred resonces of go

ne should unage upgrads to 120% mvery good sections inis improve

held by QLake Southwest minera

ma II Mine naque Compd by Alexanhe village

2014

gitudinal

Estimates

ource of theold) conside

se the samde of 58% more ouncedrilling resuSAX-13-0

ement as

MX Gold h Stringer Zalized zone

newly acquiplex close ondria and isof Lac Sim

e Sleepy Zering a Cutme Cut-Off.

and higheres. The diffeults added 25, SAX-1they inters

CorporatioZone, the Ses. The norred by Or I

of Val-d’Or. s shown in mon First

Page55

Zone to -Off of At 2.0

r grade erence to the 1-009, sected

n and Sleepy rthwest ntegra South Figure Nation

G

2

GEOLOGICA GR

2014 – NI 43-101 T

ROUPE-CONSE

Technical Report on

EIL


Figure 16 –

ber 25th, 2014

– Adjacent Propperties

Page56



16.0 OTHER RELEVANT DATA AND INFORMATION (Item 24)

No historical environment liabilities were found on the Sleepy Lake Property. In terms of permitting, Alexandria required work permits for any construction of access for diamond drilling or stripping / trenching activities, or for clearing of lumber on the claims holdings.

17.0 INTERPRETATIONS AND CONCLUSION (Item 25)

The Sleepy Lake Property of Alexandria Minerals is a disseminated-stockwork type deposit located 2 km north of the Cadillac Break, which represents an important metallogenic feature in the Val-d’Or area. Several past producers such as the East Malartic, Barnat-Sladen, and O’Brien Mines, and recent discoveries such as the Goldex and the Lapa projects of Agnico-Eagle Mines Inc. are in direct spatial relationship to this feature.

The property of Alexandria Minerals is strategically located with respect to the Cadillac Break and its associated conjugate auriferous structures. Moreover, the Sleepy Lake Property is underlain by the Vicour gabbro-diorite sill which hosts the Sigma II past producer and the Sleepy gold zone. The Vicour mineralized sill is located within the Val-d’Or Formation of the Malartic Group just north of the northern contact of the Heva Formation.

Recent work on the Sleepy property has confirmed that the formerly explored and mined gold bearing structures adjacent to this property continue to show potential for hosting additional mineralization, and deserves additional exploration work. Past exploration work programs in the area revealed several significant gold-bearing zones on these properties and recent efforts by AZX have shown that these past results can be built upon. Other properties of similar standing have been subjected to similar exploration efforts with positive results, as in the Malartic area, in and around the Bourlamaque Batholith, and elsewhere along the Cadillac Break. Given the historical exploration record of the area, there are very good possibilities that encouraging gold results could be discovered on Alexandria Minerals Corp’s Cadillac Break properties.

Recent exploration activities and discoveries have shown that there is considerable potential below 500 meters depth, as the Lapa discovery (www.agnico-eagle.com). The prospectivity of Alexandria’s land holdings is strong considering that the average depth of investigation by historic diamond drilling on these properties is approximately 150 meters. The Exploration targets located at depth, along northeast oriented splays and associated with Z shaped folds in the host stratigraphy have historically been favorable targets especially along subsidiary shears and splays of the Cadillac Break. We also find similar situations along the Vicour Sill, a differentiated intermediate to mafic sill that is deformed, foliated, locally injected with quartz-tourmaline veins and veinlets, altered, silicified, albitized and mineralized with auriferous pyrite mineralization. Three drill holes in the 2007 and 2008 campaign (IAX-08-14, IAX-08-29 and IAX-08-30) have extended the Sleepy Zone to the west



and at depth expanding the zone to a total length of 450 m east-west and 360 m depth wise vertically.

The recent 2011 to 2014 drilling confirmed the potential at depth and to the west and permitted to update the inferred resource calculation. Using a cut-off gold value of 3.0 g/t and a capping value of 52 g/t Au, 1,855,300 tons at an average grade of 4.7 g/t Au were obtained for a total of 279,760 ounces of gold.

18.0 RECOMMENDATION AND BUDGET (Item 26)

Exploration on the Sleepy property will continue on the Sleepy Zone (20,000 meters) and other zones (10,000 meters) with a total of 30,000 m of drilling and following the conclusion of the LTM Laboratory, it would be advisable to continue the testing with other grinding size and cyanide exposition time to analyse the grinding-cyanide curves.

The recommended exploration program is divided into two (2) phases. The second

phase of the program is conditional on the success of the first phase. Phase I will be principally focused to increase resources and mainly to roll the inferred resources into the indicated category and is estimated at $2,350,000. The Phase II will be mainly concentrated on other zones and also to additional metallurgical studies at $1,190,000 for a combined total of $3,540,000. Phase I –Definition drilling Diamond Drilling (NQ size) to roll the inferred resources into the indicated category: - 20,000m Drill Program @ $100/m (all included1) $2,000,000.00 Work Report $20,000.00 Sub-Total (Phase I) $2,020,000.00 Administration (≈5%) $100,000.00 Contingencies (≈10%) $230,000.00 Total Phase I: $2,350,000.00 Phase II – Drilling (if warranted Phase I) Diamond Drilling (NQ size) on coinciding structural, geophysical and geological anomalies and also other mineralized zones defined previously: 10,000m Drill Program @ $100/m (all included1) $1,000,000.00 Complementary Metallurgical studies 10,000.00 Work Report $20,000.00



Sub-Total (Phase II) $1,030,000.00 Administration (≈5%) $51,500.00 Contingencies (≈10%) $108,500.00 Total Phase IIB: $1,190,000.00 Grand-Total - Phases I-II $3,540,000.00

1. All included (mobilization between drill holes, permitting, ATV, water line, room & board, trucks, sampling, data verification, etc.)



19.0 REFERENCES (Item 27) ASSAD, R. and al, (1980)

Prévisions de minerai cupro-zincifère dans le nord-ouest québécois, Ministère de l'Energie et des Ressources, Québec; DPV-670,

ASSAD, R. and Favini, G., (1980) Prévisions de minerai cupro-zincifère dans le nord-ouest québécois, établissement et répartition; Ministère de l'Energie et des Ressources, Québec; DPV-671,

AVRAMTCHEV, L., (1979) Cartes de ressources minérales, Abitibi, 32C, Ministère de l'Energie et des Ressources, Québec; DP-655,

AVRAMTCHEV, L. et LEBEL-DROLET, S., (1979) Inventaire des gisements minéraux du Québec au 30 septembre 1979, Ministère de l'Energie et des Ressources, Québec; DPV-707,

BAYNER, A.S., (1985)

Report on the Bourlamaque Property. June 12, 1985. Mid-Canada Gold & Copper Mines LTD (GM 49911)

BEAUREGARD, A.J., GAUDREAULT, D., (2003)

AIF- 43-101 Report on the Cadillac Fault Properties. Bourlamaque, Louvicourt and Vauquelin Townships, Province of Quebec., Geologica Groupe-Conseil, November 23rd, 2003, 84 pages.

BEAUREGARD, A.J., GAUDREAULT, D., (2009) NI 43-101 Technical Report on the Sleepy Lake Property, for Alexandria Minerals Corporation, December 4, 2009.

CAMPIGLIO, C., (1977) Batholite de Bourlamaque, Ministère des Richesses naturelles, Québec, ES-26, 211 pages.

CHÉNARD, L., LACEY, M., (Géospex Sciences Inc.), (1998)

Bloc Sud Property. Qualification Report. January 1998. Provenor Inc.

COUTURE, J.-F., (1991) Carte géologique des gîtes métallifères des districts de Rouyn-Noranda et de Val-d'Or; MRNQ, DV 90-11, Carte 2109 à l'échelle 1 : 250 000.

DE CORTA, H., (1999)

Rapport d’une campagne de sondage. Propriété Louvicourt Vauquelin, Option Cambior (Bloc Sleepy). Avril 1999. Provenor Inc.



GAUDREAU, R., ROCHELEAU, M., PERRIER, B., (1988) Géologie du gisement aurifère Brosnor – Région de Val-d’Or, MB 88-33.

GAUDREAULT, D., (Géologica), (2000)

Rapport de travaux de prospection sur la propriété Bloc Sud (Blocs Principal Est et Bell), Canton de Louvicourt et de Vauquelin. 12 Décembre 2000.

GRONDIN, O., BRISSON, H., (2004)

Rapport d’étape – Travaux d’exploration Projet Val-d’Or. Bloc Sud, Akasaba, Annamaque, Valdora. Exercice 2003 et 1er trimestre 2004. Volume 1 de 2. Avril 2004. Cambior Exploration Canada. (GM 61751).


Rapport de travaux d’exploration. Projet Bloc Sud, Secteur Sleepy. Octobre 2005. Cambior.


Rapport de travaux d’exploration. Projet Bloc Sud (#104), Secteur Sleepy. Février 2006. Cambior Exploration.

IMREH, L., (1984) Sillon de La Motte-Vassan et son avant-pays méridional: Synthèse volcanologique, lithostratigraphique et gîtologique. 1984. 72 pages. 3 cartes. 3 microfiches. MM 82-04 2 Cartes (Echelle 1/250 000)

NEW-SENSE GEOPHYSICS LIMITED, (2011) Logistics and Interpretation Report for the High Resolution Helicopter Magnetic Airborne Geophysical Survey flown over Val-d’Or Block, Quebec, Canada from Val-d’Or, Quebec, Canada carried out on behalf of Alexandria Minerals Corp, October 12th , 2011 (HM110622-report).

SAUVÉ, P., (1985)

Géologie de la mine Bevcon, MB 85-04. SAUVÉ, P., IMREH, L. et TRUDEL, P., (1991)

Description des gîtes d’or de la région de Val-d’Or, MM 91-03. VAL-D’OR SAGAX INC., (1999)

Rapport sur des levés géophysiques au sol effectués sur le Bloc Sleepy de la propriété Louvicourt Vauquelin (Option Cambior). Mars 1999. Provenor Inc.


2014 – NI 43-101 Technical Report on the Sleepy Lake Property – November 25th, 2014 PageI

Appendix I - Statutory Works

GM 01538 D'ARAGON, P., 1951 - DIAMOND DRILL SAMPLING RECORD. TASMAQUE GOLD MINES LTD.

GM 02069 BROSSARD, L., 1962 - REPORT ON EXPLORATION WORK. ALTA MINES LTD,

NEMROD MINING CO LTD. GM 07069 D'ARAGON, P, DUMONT, G H., 1944 - LETTER-REPORT ON MAG SURVEY.

TASMAQUE GOLD MINES LTD. GM 18128 SZETU, S S., (CANA EXPL CONSULTANTS LTD)., 1966 - REPORT ON

GEOPHYSICAL SURVEY, BOURLAMAQUE AREA. MAREAST EXPLS LTD. GM 25361 NEWSON, N R., 1969 - GEOLOGICAL REPORT. BARVALLEE MINES LTD. GM 25362 DUFOUR, R, FAESSLER, C W, JUTEAU, L, NADEAU, A., 1969 - REPORT ON

INDUCED POLARIZATION SURVEY. BARVALLEE MINES LTD, ST LAWRENCE COLUMBIUM&METALS C.

GM 29246 BLACK, E D, WATSON, R K., (METALS, PETR & HYDR RES CN LTD)., 1973 -

REPORT ON THE VLF ELECTROMAGNETIC SURVEY, LOUVAX 5 PROPERTY. CLAIMS BOUDREAULT, GOLDSEARCH SYND.

GM 35005 LEBEL, A., 1979 - RAPPORT GEOPHYSIQUE 10-476 BLOC SUD, SONDAGES

ELECTRIQUES SCHLUMBERGER. SOCIETE MINIERE LOUVEM INC, SOQUEM. GM 33550 BERGMANN, H J, DUMONT, G H., 1977 - DIAMOND DRILL HOLE LOG,

BOURLAMAQUE TOWNSHIP PROPERTY. BELMORAL MINES LTD, PROSPECTING GEOPHYSICS LTD.

GM 33847 LEBEL, A., (SOQUEM)., 1978 - RAPPORT GEOPHYSIQUE, PROJET 98-476, BLOC

SUD, PARTIES A ET B. CLAIMS DESAUTELS, SOCIETE MINIERE LOUVEM INC. GM 33848 LEBEL, A., (SOQUEM)., 1978 - RAPPORT GEOPHYSIQUE, LEVE EMH, PROJET

98-476, BLOC SUD, PARTIES A ET B. CLAIMS DESAUTELS, SOCIETE MINIERE LOUVEM INC.

GM 33849 LEBEL, A., (SOQUEM)., 1978 - RAPPORT GEOPHYSIQUE, RELEVE

MAGNETIQUE, PROJET BLOC SUD, 98-476, BLOCS C, D, E, F, G, H, I ET J. CLAIMS DESAUTELS, SOCIETE MINIERE LOUVEM INC.

GM 33850 LEBEL, A., (SOQUEM), 1978 - RAPPORT GEOPHYSIQUE, RELEVE

ELECTROMAGNETIQUE, PROJET BLOC SUD. CLAIMS DESAUTELS, SOCIETE MINIERE LOUVEM INC.

GM 33851 BERUBE, M., (SOCIETE MINIERE LOUVEM INC, SOQUEM), 1978 - JOURNAL DES

SONDAGES, PROJET 476. CLAIMS DESAUTELS, SOCIETE MINIERE LOUVEM INC.


2014 – NI 43-101 Technical Report on the Sleepy Lake Property – November 25th, 2014 PageII

GM 34928 NOLET, M A., 1979 - RAPPORT GEOPHYSIQUE, LEVE DE POLARISATION PROVOQUEE, BLOCS C, D, E, F, G, H, I ET J, 10-476 BLOC SUD. SOCIETE MINIERE LOUVEM INC, SOQUEM.

GM 35712 NOLET, M A., 1979 - RAPPORT GEOPHYSIQUE, PROJET BLOC SUD 10-476,

LEVE P.P. DETAILLE. SOQUEM. GM 40823 HUBERT, J M., 1983 - LEVE ELECTROMAGNETIQUE TBF, PROJET BLOC SUD.

SOQUEM. GM 41262 BOUDREAULT, A P., (CHIMITEC LTEE, METRICLAB [1980] INC, SOCIETE

MINIERE LOUVEM INC)., 1984 - RAPPORT DE LA CAMPAGNE D'EXPLORATION 1983, BLOC SUD. SOQUEM.

GM 41898 BOUDREAULT, A P., (CHIMITEC LTEE, LAB D'ANALYSE BOURLAMAQUE LTEE,

METRICLAB [1980] INC, NUCLEAR ACTIVATION SERVS LTD, SOCIETE MINIERE LOUVEM INC), 1984 - CAMPAGNE D'EXPLORATION 1984, PROJET BLOC SUD 100476. SOQUEM.

GM 45687 PODOLSKY, G., (AERODAT LTD., 1987 - REPORT ON A COMBINED HELICOPTER

BORNE MAGNETIC, ELECTROMAGNETIC AND VLF SURVEY, VAL D'OR AREA PROPERTIES. CAMBIOR INC, NOVA-CO EXPL LTD.

GM 48234 HOULE, N, LEFRANCOIS, R, CORBEIL, R., 1988 - RAPPORT CAMPAGNE DE

FORAGES, PROPRIETE BLOC SUD. CAMBIOR INC. GM 56060 CARON, S., 1998 - RAPPORT DE TERRAIN ET INTERPRETATION, TEST

D'ECHANTILLONNAGE PEDOGEOCHIMIQUE, PROPRIETE BLOC SUD. GEOS SCIENCES INC, SPECTROLAB INC. CAMBIOR INC. PROVENOR INC.

GM 56586 LAMBERT, G., 1999 - LEVES COMPLEMENTAIRES DE POLARISATION

PROVOQUEE, PROPRIETE "BLOC SUD". GERARD LAMBERT GEOSCIENCES. CAMBIOR INC.

GM 58273 RAPPORT SUR LE PROGRAMME DE FORAGE 2000, PROPRIETE ABITIBI (310),

PROJET NO. 00310. [Contient: 1 journal du sondage (au diamant) suivant 310-19] RESSOURCES AUR INC. 2000. 71 pages. 2 cartes. 32C03

GM 58341 POTVIN, H., 1999 - RAPPORT SUR DES LEVES GEOPHYSIQUES AU SOL

EFFECTUES SUR LE BLOC SLEEPY DE LA PROPRIETE LOUVICOURT VAUQUELIN. VAL D'OR SAGAX INC. PROVENOR INC.

GM 58342 DE CORTA, H., 1999 - RAPPORT D'UNE CAMPAGNE DE SONDAGE PROPRIETE

LOUVICOURT-VAUQUELIN (BLOC SLEEPY). PROVENOR INC. GM 58568 GAUDREAULT, D., 2000 - RAPPORT DE TRAVAUX DE PROSPECTION SUR LA

PROPRIETE BLOC SUD (BLOCS PRINCIPAL EST ET BELL). CHIMITEC LTEE, GEOLOGICA INC. CAMBIOR INC.

GM 61785 GRONDIN, O, BRISSON, H., 2005 - RAPPORT DE TRAVAUX D'EXPLORATION,

PROJET BLOC SUD, SECTEUR SLEEPY. ALS CHEMEX, SGS. CAMBIOR INC.


2014 – NI 43-101 Technical Report on the Sleepy Lake Property – November 25th, 2014 PageIII

GM 62791 GRONDIN, O, BRISSON, H., 2006 - RAPPORT DE TRAVAUX D'EXPLORATION,

PROJET BLOC SUD, SECTEUR SLEEPY. ALS CHEMEX, TECHNI-LAB SGB ABITIBI INC. CAMBIOR INC.

GM 63730 REPORT ON THE EXPLORATION WORKS AND DRILLING CAMPAIGN, BLOC SUD SLEEPY AND BLOC SUD WEST PROPERTIES OF VAL D'OR CAMP PROPERTY. [Contient: 8 journaux des sondages (au diamant) suivants BS-07-34 @ BS-07-39, IAX- 07-14, IAX-07-15] ALEXANDRIA MINERALS CORPORATION. 2008. 187 pages. 12 cartes. 32C03, 32C04.

GM 64541 TECHNICAL DRILL REPORT ON THE SLEEPY PROPERTY. [Contient: 12 journaux des sondages (au diamant) suivants IAX-07-14, IAX-07-15, IAX-08-28 @ IAX-08-31, IAX-08-34 @ IAX-08-37, IAX-08-39, IAX-08-40] ALEXANDRIA MINERALS CORP. 2008. 422 pages. 11 cartes. 32C03.

GM 64542 GROUND ELECTROMAGNETIC SURVEY, SLEEPY PROJECT. ALEXANDRIA MINERALS CORPORATION. 2008. 14 pages. 18 cartes. 32C03.

GM 64543 ETUDE PETROGRAPHIQUE, CARACTERISATION DES LITHOLOGIES, ALTERATIONS ET MINERALISATION, PROJET SLEEPY. ALEXANDRIA MINERALS CORP. 2008. 48 pages. 32C03. GM 65844 REPORT ON THE 2009-2011 DRILLING PROGRAM ON THE BLOC SOUTH SLEEPY PROPERTY. [Contient: 12 journaux des sondages (au diamant) suivants IAX-09-49 @ IAX-09-51, SAX-11-001 @ SAX-11-009] ALEXANDRIA MINERALS CORPORATION. 2011. 324 pages. 10 cartes. 32C03.


2014 – NI 43-101 Technical Report on the Sleepy Lake Property – November 25th, 2014 PageIV

Appendix II – Laboratory Assay Sheets (Geologica)

GEOLOGIC

2014 – NI 43

CA GROUPE

-101 Technica

E-CONSEIL

l Report on the

e Sleepy Lake P

Appen

Set up of

Set up of

Property – Nov

ndix III – Ph

DDH SAX-

DDH SAX-

vember 25th, 20

hotos

-14-030

-14-031

014

PPageXIII

GEOLOGIC

2014 – NI 43

CA GROUPE

-101 Technica

E-CONSEIL

l Report on the

Geolog

Geolog

e Sleepy Lake P

gica re-sam

ica re-sam

Property – Nov

mpling of DD

pling of DD

vember 25th, 20

DH SAX-13

DH SAX-14-

014

3-025

-027A

P

PageXIV

GEOLOGIC

2014 – NI 43

CA GROUPE

-101 Technica

E-CONSEIL

l Report on the

Geolog

e Sleepy Lake P

gica re-sam

Property – Nov

mpling of DD

vember 25th, 20

DH SAX-14

014

4-028

PageXV

Date post:	20-Jan-2021
Category:	Documents
Upload:	others
View:	0 times
Download:	0 times

2014 NI43-101 SLEEPY REPORT AZX Final Version...GEOLOG 2014 – NI 4 Cert I, Alain Jean 1. I a G 45...

Documents