ASSESSMENT REPORT ON THE 2013 WORK PROGRAM ON...

ASSESSMENT REPORT ON THE

2013 WORK PROGRAM ON

EXPLORATION LICENCE 06273 HELD BY

GLENCOE RESOURCES INC.

Map Sheets 11F14C and 11F14D Inverness County

Nova Scotia, Canada

Latitude 450 54’ 30”

Longitude 610 16’ 30”

Prepared For: Glencoe Resources Inc. Prepared By: Matthew Harrington, B. Sc. (Hons.)

and Michael Cullen, M. Sc., P. Geo.

September 7th, 2013 .

Assessment Report – Licence 06273 i September 2013

Mercator Geological Services Limited, 65 Queen Street, Dartmouth NS B2Y 1G4, ph (902) 463-1440, fax (902) 463-1419

TABLE OF CONTENTS LIST OF FIGURES ...................................................................................................................... ii

LIST OF TABLES ........................................................................................................................ ii

SUMMARY .................................................................................................................................. iii

1.0 Introduction ........................................................................................................................... 1

2.0 Licence Tabulation ................................................................................................................ 2

3.0 Property Location and Access .............................................................................................. 5

4.0 Previous Work ....................................................................................................................... 6

5.0 Property Geology ................................................................................................................... 8

6.0 Work Performed .................................................................................................................... 9

6.1 Introduction ...................................................................................................................... 9

6.2 Drill Hole Database Updating, Review and Validation ................................................... 9

6.3 Updating of Geological and Grade Section Interpretations ........................................... 10

6.4 Development of a Digital Block Model for Carbonate Distribution .............................. 11

6.4.1 General ...................................................................................................................... 11

6.4.2 Geological Interpretation Used In Assessment ......................................................... 11

6.4.3 Methodology of Assessment ..................................................................................... 11

6.4.4 Model Validation ...................................................................................................... 20

6.4.5 Comment on Historic Resource Estimate ................................................................. 24

7.0 Conclusions and Recommendations .................................................................................. 25

8.0 References Cited and Selected References ........................................................................ 27

Appendix 1: Statement of Author Qualifications ................................................................... 30

Appendix 2: Support Documents ............................................................................................. 34

Assessment Report – Licence 06273 ii September 2013


LIST OF FIGURES

Figure 2.1: Property Location Map ................................................................................................. 3 Figure 2.2: Claims Location and Property Access Map ................................................................. 4 Figure 6.1: Isometric view towards NE of the 2 solid models ...................................................... 13 Figure 6.2: Isometric view towards E of the topographic surface DTM ...................................... 14 Figure 6.3: Experimental directional variograms for CaO – major axis of continuity ................ 17 Figure 6.4: Block model showing ≥ 43 CaO % distribution - looking NW ................................. 22 Figure 6.5: Block model showing ≥ 50 CaO% distribution – looking NW .................................. 23

LIST OF TABLES

Table 2.1: Claims Tabulation for Licence 06273 after 2013 renewal ............................................ 2 Table 6.1: Glencoe Main Solid: CaO and MgO Statistics for 3.0 Meter Composites .................. 15 Table 6.2: Glencoe Secondary Solid: CaO and MgO Statistics for 3.0 Meter Composites ......... 15 Table 6.3: Combined CaO and MgO Statistics for 3.0 Meter Composites ................................... 16 Table 6.4: Interpolation Ellipsoid Orientations (Surpac Convention ZXY-LRL) ........................ 16 Table 6.5: Summary of Deposit Block Model Parameters ........................................................... 19 Table 6.6: Glencoe Deposit – Western Area Tonnage and Grade Assessment ............................ 20 Table 6.7: Glencoe Deposit – CaO and MgO Block Statistics ..................................................... 21 Table 6.8: Glencoe Deposit – CaO and MgO Statistics for Composites ...................................... 21 Table 7.1: Glencoe Deposit – Western Area Tonnage and Grade Assessment* .......................... 25

Assessment Report – Licence 06273 iii September 2013


SUMMARY

Glencoe Resources Inc. (GRI) retained Mercator Geological Services Limited (Mercator) to develop a preliminary digital block model for the Glencoe carbonate deposit based on historic and recent drilling results. In total, 122 historic diamond drill holes, two diamond drill holes completed by GRI in 2012 and 149 reverse circulation and percussion drill holes completed by GRI in 2010 and 2012 were used to develop the digital block model described in this report. The model covers the main carbonate section that occurs in the western area of the property but does not include additional significant carbonate deposits defined by historic drilling in the eastern area of the property. The eastern deposits are scheduled for modeling in the current program but have not been addressed to date. The initial goal of the current estimation program is to provide GRI with an up to date perspective on insitu cement grade carbonate tonnage present on the property. Estimates referred to in this report form the first phase of a broader assessment program and were developed for GRI to meet internal guidance requirements only. As such, they are not compliant with reporting standards of National Instrument 43-101 or in accordance with Canadian Institute of Mining, Metallurgy and Petroleum, Definition Standards for Reporting of Mineral Resources and Reserves (CIM Standards). At the report date, GRI was a privately held company and therefore not required to report resources in compliance with NI43-101. However, it is GRI’s future intention to prepare a property resource estimate and associated technical report that are fully compliant with NI43-101. For current estimation purposes, cement grade carbonate has been defined as having a minimum CaO grade of 43% and maximum MgO grade of 3%. SiO2 grade is assumed to be less than 20% but supporting analytical data for SiO2 have not yet been entered into the project’s digital drillhole database. Entry of this data into the database, along with that for Fe2O3 and certain other oxides and trace elements has been recommended by Mercator. The preliminary tonnage and grade assessment results for the western area of the property are tabulated below. Geovia-Surpac ver. 6.5.1 modeling software was used to carry out the modeling exercise and block size for the current model is 10m x 10m by 10m (Y,X,Z). UTM NAD 83 spatial coordination applies. Inverse Distance Squared (ID2) grade interpolation methodology was used for the preliminary model described in this report, with ellipsoid ranges of 650 m (major axis), 200 m (secondary axis) and 200 m (minor axis). Ranges were developed from review of the geological interpretation in combination with assessment of directional variogram ranges using a spherical model. The preliminary tonnage and grade estimates presented in this report will be checked in future using other interpolation methodologies. For present purposes,

Assessment Report – Licence 06273 iv September 2013


the preliminary model tonnage was checked using a polygonal approach and the deposit grade was checked against averaged results of all associated assay composites. Glencoe Deposit – Western Area Tonnage and Grade Assessment* CaO % Cut-Off Tonnes (rounded) CaO % MgO % 43 429,610,000 49.71 2.10 47 352,670,000 50.65 1.85 50 221,380,000 51.87 1.45 53 40,410,000 53.54 0.69 *Notes:

1. Tonnages have been rounded to the nearest 10,000 tonnes. 2. The 43% CaO cut-off value for this assessment is bolded above and reflects a reasonable lower limit for

determination of cement grade carbonate. 3. This tabulation is not a mineral resource estimate prepared in compliance with NI43-101 and the CIM

Standards It is recommended that digital modeling of the carbonate deposits occurring elsewhere on the GRI property be completed as part of the next phase of property evaluation and that appropriate supporting technical programs of quality control and quality assurance be carried out. These should include an independent check sampling program in addition to twinning and analysis of at least three additional historic drill holes. Additionally, it is recommended that the project database should be updated to include additional analytical data such as Fe2O3, SiO2, and certain trace elements that are available in historic records. Completion of recommended programs should provide a basis for future completion of a NI43-101 compliant resource estimate and associated technical report pertaining to mineral resources for the entire property. Assessment expenditures totaling $27,604 have been submitted to NSDNR in association with this report and only 52 of the existing 72 mineral exploration claims that comprise Licence 06273 are being renewed.

Assessment Report – Licence 06273 1 September 2013


1.0 Introduction

Exploration Licence 06273 is located at Glencoe, Inverness County and forms part of a larger exploration property portfolio held by Glencoe Resources Inc. (GRI) in this area (Figures 1 and 2). In July, 2013, GRI retained Mercator Geological Services Limited (Mercator) to develop a preliminary digital block model for property’s carbonate deposits based on historic and recent core drilling, percussion drilling and reverse circulation drilling results. The initial goal of the program was to provide GRI with an up to date perspective on insitu cement grade carbonate tonnage present on the property. The estimates referred to in this report form the first phase of a broader assessment program and were developed for GRI to meet internal guidance requirements only. As such, they are not compliant with reporting standards of National Instrument 43-101 or with the Canadian Institute of Mining, Metallurgy and Petroleum, Definition Standards for Reporting of Mineral Resources and Reserves (CIM Standards). At the report date, GRI was a privately held company and therefore not required to report resources in compliance with NI43-101. However, it is GRI’s future intention to prepare a property resource estimate and associated technical report that are fully compliant with NI43-101. Exploration expenditures associated with the modeling program components presented in this report total $27,604 In combination with existing assessment credits, this is more than adequate to support renewal of Licence 06732, which has been reduced in size this year to 52 claims from the previous total of 72. Mercator prepared this report and statements of author qualifications plus a list of personnel and contractors associated with the 2013 work program appear in Appendix 2.



2.0 Licence Tabulation

Exploration Licence 06273 consisted of 72 claims during the 2012-2013 period but only 52 of these were renewed at the September 7th, 2013 anniversary. Details of retained claims appear in Table 2.1 and all reflect a 1995 staking date. Table 2.1: Claims Tabulation for Licence 06273 after 2013 renewal Licence Number

Map Sheet

Tract Claims No. of Claims

Next Renewal Date

06273 11F14C 26 NOP 3 September 7th, 2014 06273 11F14C 27 PQ 2 “ 06273 11F14C 46 ABGHJKPQ 8 September 7th, 2014 06273 11F14C 47 ABCDEFGHJKLMNO 14 “ 06273 11F14C 48 ABCDEFKLM NO 11 September 7th, 2014 06273 11F14C 50 CDE 3 “ 06273 11F14C 51 ABGHJK 6 September 7th, 2014 06273 11F14D 35 N 1 “ 06273 11F14D 37 ABCD 4 September 7th, 2014

“ TOTAL 52

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65 Queen St. • Dartmouth, NS B2Y 1G4 • Ph.: (902) 463-1440 • Fax: (902) 463-1419

E-mail: [email protected] • Web: www.mercatorgeo.com

3.0 Property Location and Access

The Glencoe property is located in southwest Cape Breton, approximately 355 km (220 miles) by highway from the provincial capital city of Halifax, Nova Scotia. It is most easily accessed via Highway 19 from Port Hawkesbury to Judique Intervale and then via gravel secondary roads to Upper Southwest Mabou and then to Glencoe Mills. Alternative access is via the Trans-Canada Highway from Port Hawkesbury to Melford and then by the Glencoe Road (Figure 2). The area is characterized by wooded upland topography and drained by a moderately incised east flowing drainage system centered on the MacPhail Brook valley.




4.0 Previous Work

In 1977 the Nova Scotia Department of Mines and Energy (NSDME) reported non NI43-101 compliant reserves totalling 175 million tons of metallurgical grade stone grading 52% CaO or greater and < 2.5% SiO2 (MacNeil,1977). Substantial components of these reserves grade in excess of 96% CaCO3 (~ 53.75% CaO) and are of interest as potential chemical grade calcium carbonate resources. Carbonates within a larger cement grade zone of 345 million tons were also reported. These estimates pre-dated NI43-101, are historic in nature, and should not be relied upon. Additionally, extensive areas of white calcium carbonate have been intercepted from drilling at Glencoe. Beneficiation studies conducted by Ginn Mineral Technologies Ltd. on associated samples returned GE Brightness values in the 93.86 to 96.4 range. These results established the property’s potential as a source of high quality coater, filler and extender grade white carbonate. In addition to calcium carbonate, a substantial dolomite deposit is present at Glencoe, and combined calcium carbonate and dolomite resource potential is estimated to be 500 million tonnes or more. Late in 2002, Mercator was retained by GRI to undertake a comprehensive re-logging program of deposit delineation cores archived at the Nova Scotia Department of Natural Resources Stellarton Core Library (Cullen, 2004). In total, 103 of the estimated 122 holes drilled to date in the area were re-logged, with these representing a combined total of 14,080 meters of drilling. Results of the re-logging program were used to develop an updated geological interpretation for the Glencoe property and to specifically define (1) areas of cement grade carbonate potential, (2) areas of high purity (chemical grade) carbonate potential, (3) areas of white to light grey carbonate having potential as sources for filler or coater products, and (4) areas of variably-coloured carbonate having dimension stone potential. A limited field program was also carried out, focused on locating drillhole collars and collection of bedrock samples from several areas of high purity or white carbonate potential. Based upon the results of the 2002 core re-logging and associated field programs, continuity of lithologic units and associated carbonate quality parameters was demonstrated over much of the property. This reflected geological correlation on a unit by unit basis through cross sectional study, which was also evident in earlier surface mapping data from the property. In 2004 Mercator identified potential for the following on the Glencoe Property:

470 million tonnes or more of cement grade carbonate;

190 million tonnes or more of light grey to white carbonate of coater, filler and extender grade interest, this potential being broadly based on results of beneficiation studies carried out to date;

50 million tonnes or more of white to bright white carbonate that occurs as a subset of the light grey to white zone mentioned above;




60 million tonnes or more of high purity, chemical grade carbonate;

50 million tonnes or more of dolomite and dolomitic carbonate. Figures noted above are estimates of exploration potential only and are not mineral resources or reserves as currently defined in Canada under NI43-101 and Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Reserves Definitions and Guidelines. In 2005, GRI retained the services of Dr. Ian Wilson, an internationally recognized authority on beneficiation and market applications for high brightness carbonate rocks and the results of his study showed that high brightness calcium carbonate products meeting or exceeding market requirements are present and could be commercially produced at Glencoe (Wilson, 2005). In 2007 GRI retained Mercator to supervise completion of one diamond drill hole on the property, organize the installation of six permanent survey markers, and coordinate GPS surveying of all historical drill holes within the licence boundaries. One angle drill hole (GR-07-01) was completed and logged adjacent to historical drill hole D-11 in an attempt to twin this hole for core archival purposes. No samples or analyses were completed on drill hole GR-07-01. However, several thick intervals of light grey to white and bright white calcitic marble were intersected in the hole, which closely resemble lithologies present in holes D-11 and D-12. In 2009 GRI completed one program of reverse circulation drilling (33 holes) and in the following year retained Mercator to update the geological interpretation for Licence 06273 based on combined results of historic and GRI drilling data available to that time. In 2011 GRI completed a program of percussion drilling (73 holes) and in 2012 it completed a small core drilling program consisting of 2 holes. Results of the 2009 through 2012 programs are fully documented in respective assessment reports filed with NSDNR.




5.0 Property Geology

Licence 06273 is underlain by late Precambrian age meta-sedimentary and igneous lithologies of the George River Group. These are dominated by a thick metamorphosed siliciclastic and carbonate succession and locally intruded by Devonian or older monzonites and granodiorites. Regional mapping by Milligan (1970) outlined the broad limits of the carbonate bearing succession in the region and also served to establish a lithologic succession from older quartzites and slates through andesitic meta-volcanics to calcitic and dolomitic carbonates, slates and phyllites. MacNeil (1977) also provided a geological interpretation for the property that was based on results of new bedrock mapping and extensive core drilling. This interpretation was used in development of the historic “reserve” estimates noted previously in report section 4.0. Cullen (2004) interpreted a northwest trending, shallowly plunging regional fold set within the meta-sedimentary and meta-volcanic section at Glencoe and these folds may also have been affected by a large scale later fold that trends northeast across the property. These regional structures were intruded by the Devonian or older monzonite and granodiorite and disrupted to various degrees by later faulting. Contact-zone thermal effects on host rocks are well documented and locally include recrystallization and skarn development in carbonates as well as hornfels development in silicilastics. Compositional banding that is present in all of the metasedimentary units can reflect primary layering (bedding), the regional foliation (S1), or a composite of these that constitutes transposition of bedding into the foliation orientation. In general, dips of these fabrics recorded in outcrops range from approximately 50 degrees to vertical.




6.0 Work Performed

6.1 Introduction

Work out during the 2012-2013 assessment year consisted of the following four programs:

1. Drill hole database updating, review and validation; 2. Updating of geological and grade section interpretations; 3. Development of a digital block model for carbonate distribution and grade 4. Preparation of assessment report and associated support documents.

6.2 Drill Hole Database Updating, Review and Validation

The drill hole database for the Glencoe Project was updated by Mercator in August of 2013 to include all collar coordination, survey, assay and lithocode data related to the 2009 reverse circulation drilling program (33 holes), the 2011 percussion drilling program (73 holes) and the 2012 core drilling program (2 holes) completed by GRI. After updating, this Microsoft Access database contained 271 drill hole records. Of these, records for 23 percussion holes and 12 reverse circulation holes pertain to GRI’s Kewstoke carbonate exploration property that is located approximately 6 km to the north of the Glencoe property. The database currently contains 4535 separate sample interval records and a combined total of 9070 analytical determinations for CaO% and MgO%. Additional multi-element and oxide analytical data are also present in the database and these pertain to the reverse circulation and percussion drilling programs carried out in 2009 and 2011. Mercator has recommended that GRI expand the drill hole database to include historic Fe2O3, SiO2, Cl and Mn data plus additional trace element data if possible. Entry of SiO2 and Fe2O3 data is highest in relative priority. Prior to commencement of the deposit modeling program, lithocode, survey, collar and assay table entries for multiple drill holes within the database were validated for accuracy against source documents such as hard copy reports, drill logs and analytical reports. Several minor input errors were identified through this program and these were changed in the database to match source records. Mercator has recommended that the drilling data validation program be expanded to include all drill holes prior to completion of any future NI43-101 compliant resource estimate.




6.3 Updating of Geological and Grade Section Interpretations

A geological model based on drilling results was originally developed for the property by MacNeil (1977) and Cullen (2004) subsequently updated the earlier interpretation based on results of a core re-logging program carried out by Mercator for GRI. The main aspect of the Mercator revision was introduction of a west-verging fold set within the metamorphosed sedimentary–volcanic section in this area. These property scale structures are asymmetric and characterized by vertical to steeply east dipping western limbs and moderate to shallowly dipping eastern limbs. The pervasive regional foliation seen within the metasedimentary sequence is interpreted to be related to this fold generation and is typically at a low angle or parallel to primary layering in fold limb positions and at higher angles to such layering in closure zones. Transposition of the sequence along foliation parallel shear zones is probable. This folded sequence was subsequently re-folded around a northeast axial surface trend to generate the current configuration of the east-striking sequences in the eastern are of the property and the north to northwest striking sequences in the western part of the property. Steep to moderately dipping brittle faults are interpreted to cross cut the folded sequence and in some cases these mark major lithologic boundaries such as those between the carbonate, siliciclastic and mafic metavolcanic sequences. For purposes of the current program, all geological sections were digitally re-interpreted based on the validated lithocoding and assay data sets. CaO% was used as the first order control for re-interpretation, with lithocoding providing secondary control. The main purpose of the re-interpretation program was to check previous interpretations and to generate a best-information understanding of the distribution and controls of carbonate grades within the sequence. To meet this goal, new digital interpretations of carbonate sequence limits were developed based on a CaO value of 43%. This value reflects the lower assigned limit of cement grade carbonate potential used in the current property assessment. The revised geological and assay section interpretations were used to create corresponding digital wireframes and these were subsequently joined to create strike and dip correlative digital solids to constrain interpolation of carbonate grade. Map 2013-1 in Appendix 2 presents drill hole locations and surface projections of model solids as well as the outline of a possible open pit generated for purposes of a cement plant assessment reported in Consultec (2006) are also included in Appendix 2.




6.4 Development of a Digital Block Model for Carbonate Distribution

6.4.1 General

The definition of mineral resources and reserves and their associated categories used in Canada are those recognized under the CIM Standards. However, as noted earlier in this report, the tonnage and grade assessments that appear in this report were developed for preliminary internal use by GRI and are not compliant with the CIM Standards or NI43-101. GRI is a private company and therefore not subject to disclosure requirements of NI43-101. GRI has advised that it intends to prepare in the near future a Glencoe property resource estimate that is fully compliant with NI43-101.

6.4.2 Geological Interpretation Used In Assessment

The updated geological model developed by Mercator that was discussed in the preceding report section was used to guide development of the digital block model for the Glencoe property. The carbonate units represented in the interpretation form the basis of the digital deposit model and show well developed continuity in both strike and dip directions. CaO% grade variations that occur within the block model are assumed to primarily reflect original clastic/carbonate ratios within the sedimentary succession, as subsequently modified by the history of folding, faulting and metamorphism. As noted earlier, carbonate rocks on the Glencoe property have been metamorphosed to the lower greenschist facies of regional metamorphism and have commonly been described as marbles or meta-carbonates. The use of the term “carbonate” in this report is inclusive and includes a range of lithologies and compositions that have historically been assigned, such as marble, magnesian marbles, calcitic marble, and silicious marble.

6.4.3 Methodology of Assessment

The tonnage and grade estimate completed by Mercator is based on validated results of 122 historic diamond drill holes (15,464m), 53 reverse circulation drill holes by GRI (288m), 96 percussion drill holes by GRI and two diamond drill holes by GRI (329m). Modeling was performed using Geovia-Surpac ver. 6.5.1 modeling software with CaO% and MgO% values for the block model estimated using inverse distance squared (ID²) interpolation methodology and 3m down hole assay composites. The digital block model was set up with a block size of 10 m (x) by 10 m (y) by 10 m (z). The predominant carbonate modeled within the deposit is assumed to be calcium carbonate (CaCO3) but dolomitic (magnesian) marble, silicious marble and meta-




dolomite are also present on the property and have been defined by drilling database lithocodes and assays. Metal grade assignment was peripherally constrained by two separate wire-framed solid models based on sectional geological interpretations and a minimum included grade of 43% CaO. The main (western) solid measures approximately 2300m along strike (north-northwest to south-southeast), averages approximately 600m in width in plan projection, and extends to a maximum depth of 175 m below surface. This domain has a folded geometry with near vertical to steeply dipping western sequences and moderate to shallow dipping east sequences. The secondary solid adjoins the main solid to the east and is separated from it by an intervening wedge of siliciclastic metasedimentary rocks that are bounded by either strike-parallel brittle faults or transposed original stratigraphic contacts. The secondary solid parallels the primary solid in trend, measures approximately 2250m along strike, approximately 200m in width in plan projection, and extends to a maximum depth of 175m below surface (Figure 6.1). Interpolation ellipsoid ranges and orientations were developed through assessment of variography, combined with geological interpretations and drill hole spacing. Major axis orientations conform to the 325° strike direction and have horizontal plunges. The semi-major axes occurs in the average dip direction and is perpendicular to the major axes, while minor axes are oriented at a high angle to compositional and grade layering. Major, semi-major, and minor axis ranges of 650m, 200m, and 200m, respectively, were used for all interpolation. At least 5, and a total of 15 contributing assay composites, with no more than 5 composites allowed from a single drill hole, were required to interpolate a valid block grade. Due to a lack of density determinations for drill core from the property, an average density value of 2.6 was used for tonnage estimation.

6.4.3.1 Surface of Topography A digital terrain model (DTM) of the surface of topography was developed by Mercator from sectional interpretations of drill hole lithological data (Figure 6.2).




Figure 6.1: Isometric view towards NE of the 2 solid models




Figure 6.2: Isometric view towards E of the topographic surface DTM




6.4.3.2 Drill Core Assay Composites and Statistics

The predominant carbonate compound of interest in the deposit is calcium carbonate (CaCO3). The current digital database only includes major oxide determinations for CaO and MgO, which are critical to definition of a first order assessment of carbonate grade distribution, but additional major oxide (eg. SiO2, Al2O3, TiO2, Na2O, K2O, P2O5, Fe2O3) and trace element data are included in NSDNR reporting by MacNeil (1977) and could be entered into GRI’s digital drilling database. The total analytical data set used in the current assessment contains 4535 sample records of CaO and MgO analytical determinations that occur within the two constraining solid models. Sample lengths range between 0.30m and 6.10m and have an average length of 3.05m. Based on these results, down-hole assay composites over 3.00m intervals were developed for use in the current block model. . Compositing was constrained by drill hole intersections with the peripheral solid models and descriptive statistics were calculated for both CaO% and MgO% from the 3.0 m composite datasets within each of the two solids and for the global (combined) solids composite population. Results are presented below in Table 6.1, 6.2 and 6.3 respectively. Table 6.1: Glencoe Main Solid: CaO and MgO Statistics for 3.0 Meter Composites Parameter CaO MgOMean Grade 49.79% 2.39%Maximum Grade 56.50% 17.9%Minimum Grade 3.67% 0.05%Variance 28.70 5.1 Standard Deviation 5.36 2.26Coefficient of Variation 0.11 0.95Number of Composites 1683 1683

Table 6.2: Glencoe Secondary Solid: CaO and MgO Statistics for 3.0 Meter Composites Parameter CaO MgOMean Grade 48.72% 2.06%Maximum Grade 56.10% 26.55%13.90%Minimum Grade 21.40% 0.21%Variance 23.66 4.13Standard Deviation 4.86 2.03Coefficient of Variation 0.10 0.99Number of Composites 275 275




Table 6.3: Combined CaO and MgO Statistics for 3.0 Meter Composites Parameter CaO MgOMean Grade 49.64% 2.34%Maximum Grade 56.5% 17.9%Minimum Grade 3.67% 0.05%Variance 28.13 4.98Standard Deviation 5.30 2.23Coefficient of Variation 0.11 0.95Number of Composites 1958 1958

6.4.3.3 High Grade Capping Of Assay Composite Values No high-grade capping factors were applied to drill core sample analytical results. Through analysis of metal grade distribution, it was concluded that high values that occur in the dataset lay within zones where drill log descriptions of lithology and mineralogy support presence of spatially correlative higher grade material.

6.4.3.4 Variography and Interpolation Ellipsoids To assess spatial aspects of grade distribution within the Glencoe deposit, down-hole and directional variograms were developed for CaO % based on the 3.0 m down hole composite dataset defined by the two solid models. Interpolation ellipsoid ranges and orientations were developed through consideration of the variogram assessment in combination with geological interpretations and drill hole spacing. Variogram analysis at was used to determine the major axis of continuity trend and range (Figure 6.3), while values for the secondary and minor axes were based on geological assessment. Ellipsoid orientations for each interpolation domain are presented in Table 6.4 according to Surpac rotation type ZXY LRL. Major axis orientations are between 325° to 358° azimuth along the strike direction of the deposit and the semi-major axes occur perpendicular to the major axes in the dip direction, which was set as vertical for the current interpolation passes. Minor axes are oriented at a high angle to stratigraphy in the down-hole direction. Major, semi-major, and minor axis ranges of 650m, 200m, and 200m, respectively, were used in the modeling process.

Table 6.4: Interpolation Ellipsoid Orientations (Surpac Convention ZXY-LRL) Solid Orientation Plunge Dip

Main (West) 325 0 0 Secondary (East) 325/358 0 0




Figure 6.3: Experimental directional variograms for CaO – major axis of continuity at 150m and 375m lags

150m Lag




375m Lag




6.4.3.5 Setup of Three Dimensional Block Model

The block model extents are presented below in Table 6.5 and were defined using UTM NAD83 (Zone 21) coordination and elevation relative to sea level. No rotation was applied to the block model. Standard block size for the model is 10 m x 10 m x 10 m (X, Y, Z) with no units of sub-blocking allowed.

Table 6.5: Summary of Deposit Block Model Parameters Type Y (Northing m) X (Easting m) Z (Elevation m) Minimum Coordinates 5,085,700 631,400 0 Maximum Coordinates 5,088,300 633,400 300 User Block Size 10 10 10 Min. Block Size 10 10 10 Rotation 0 0 0

6.4.3.6 Tonnage and Grade Estimation Inverse distance squared (ID2) grade interpolation was used to assign block grades within the Glencoe block model. As reviewed earlier, interpolation ellipsoid orientation and range values used in the estimation reflect trends determined from a combination of variography and sectional interpretations developed for geology and grade distribution within the deposit. Two representative sections through the block model showing the interpreted effect of folding appear in Appendix 2 The main and secondary solids were set as hard boundaries for grade interpolation with only the intersecting blocks and 3.0 meter down hole composites for each domain accepted for block model grade interpolation. Composites occurring outside respective solids were not considered in the grade interpolation for blocks intersecting the solids. A minimum of 5 and a maximum of 15 contributing assay composites, with no more than 5 composites allowed from a single drill hole, were required to interpolate a valid block grade. Block discretization was set at 1Y x 1X x 1Z.

6.4.3.7 Density A density factor of 2.6 g/cm3 was selected for use in the current model. The project database is currently lacking in density determinations and Mercator recommends that a comprehensive program of lithology sampling be carried out to better constrain density factors within future deposit models.


65 Queen St. • Dartmouth, NS B2Y 1G4 • Ph.: (902) 463-1440 • Fax: (902) 463-1419 E-mail: [email protected] • Web: www.mercatorgeo.com

6.4.3.8 Assessment Categorization The tonnage and grade estimates presented in this report are not compliant with NI43-101 and were prepared for internal GRI purposes. As such, mineral resource categories defined under the CIM Standards have not been applied.

6.4.3.9 Tonnage and Grade Assessment Block grade, block density and block volume parameters for the western area of Glencoe carbonate deposit were estimated using methods described in preceding sections of this report. Subsequent application of estimation parameters set out above resulted in the assessment statement presented in Table 6.6 below. Results are preliminary in nature and were prepared for internal use by GRI at this time. They are not reported in accordance with the CIM Standards and are not in compliance with NI43-101 at this time. Mercator considers the 43% CaO cut-off value as representing a reasonable lower limit for assessment of cement grade carbonate resources. Table 6.6: Glencoe Deposit: Western Area Tonnage and Grade Assessment CaO % Cut-Off Tonnes (rounded) CaO % MgO % 43 429,610,000 49.71 2.10 47 352,670,000 50.65 1.85 50 221,380,000 51.87 1.45 53 40,410,000 53.54 0.69 *Notes:



Standards

6.4.4 Model Validation

Results of block modeling were reviewed in three dimensions and compared on a section by section basis with corresponding manually interpreted sections prepared prior to model development. Block grade distribution was also shown to have acceptable correlation with the grade distribution of the underlying drill hole data. Examples of supporting block model sections along the A, B, C, D, I, J and K drilling fences, plus block model level plans cut at 100m, 150m and 200m elevations are included in Appendix 2 along with Map 2013-1 that provides drill hole locations.




Descriptive statistics were also calculated for the drill hole composite values used in block model grade interpolations and these were compared to values calculated for the individual blocks (Table 6.7). The mean weighted average drill hole composite grades for the deposit (Table 6.8) compare well with tabulated block grade mean values. Additional checking of the model through Nearest Neighbor interpolation methods is currently planned. Table 6.7: Glencoe Deposit: CaO and MgO Block Statistics Parameter CaO MgO Mean Grade 48.41% 2.27% Maximum Grade 55.63% 14.54% Minimum Grade 8.64% 0.22% Variance 24.27 2.61 Standard Deviation 4.93 1.62 Coefficient of Variation 0.11 0.71 Number of Blocks 184271 184271

Table 6.8: Glencoe Deposit: CaO and MgO Statistics for Composites Parameter CaO MgO Mean Grade 49.64% 2.34% Maximum Grade 56.5% 17.9% Minimum Grade 3.67% 0.05% Variance 28.13 4.98 Standard Deviation 5.30 2.23 Coefficient of Variation 0.11 0.95 Number of Composites 1958 1958




Figure 6.4: Block model showing ≥ 43 CaO % distribution - looking NW




Figure 6.5: Block model showing ≥ 50 CaO% distribution – looking NW




6.4.5 Comment on Historic Resource Estimate

MacNeil (1977) presented the most comprehensive previous assessment of carbonate resources present on the Glencoe property. As noted earlier in this report, that estimate predates NI43-101 and is therefore not compliant with that instrument. The current tonnage and grade assessment is not a resource, is based on a geological model that differs from that used in the earlier assessment, and includes additional drilling results. It also does not cover the same spatial extent as the earlier estimate. Notwithstanding these points, both estimates are of the same order of magnitude and provide definition of a large deposit of cement grade carbonate on the Glencoe property.



7.0 Conclusions and Recommendations GRI retained Mercator to develop a preliminary digital block model for the Glencoe carbonate deposit based on historic and recent drilling results. In total, 122 historic diamond drill holes, two diamond drill holes completed by GRI in 2012 and 149 reverse circulation and percussion drill holes completed by GRI in 2010 and 2012 were used to develop the digital block model described in this report. The model covers the main carbonate section that occurs in the western area of the property but does not include additional significant carbonate deposits defined by historic drilling in the eastern area of the property. The eastern deposits are scheduled for modeling in the current program but have not been addressed to date. The initial goal of the current program was to provide GRI with an up to date assessment of insitu cement grade carbonate tonnage present on the property. The estimates of such that appear in this report represent the first phase of a broader assessment program and were developed for GRI to meet internal guidance requirements only. As such, they are not compliant with reporting standards of NI43-101 or in accordance with the CIM Standards. At the report date, GRI was a privately held company and therefore not required to report in compliance with NI43-101. However, it is GRI’s future intention to prepare a property resource estimate and associated technical report that are fully compliant with NI43-101. For current assessment purposes, cement grade carbonate has been defined as having a minimum CaO grade of 43% and maximum MgO grade of 3%. SiO2 grade is assumed to be less than 20%, but supporting analytical data for SiO2, other oxides and selected trace elements have not yet been entered into the project’s digital drill hole database. Table 7.1 below presents the preliminary tonnage and grade assessment for the western area of the Glencoe property based on the current block model.. Table 7.1: Glencoe Deposit – Western Area Tonnage and Grade Assessment* CaO % Cut-Off Tonnes (rounded) CaO % MgO % 43 429,610,000 49.71 2.10 47 352,670,000 50.65 1.85 50 221,380,000 51.87 1.45 53 40,410,000 53.54 0.69 *Notes:



Standards It is recommended that digital modeling of the carbonate deposits that occur elsewhere on the GRI property be completed as part of the next phase of property evaluation and that appropriate



supporting technical programs of quality control and quality assurance be carried out. These should include an independent check sampling program in addition to twinning and analysis of at least three additional historic drill holes. Additionally, it is recommended that the project database should be updated to include additional analytical data that are available in historic reporting. Entry of Fe2O3 and SiO2 should be considered high in relative priority. Completion of recommended programs should provide a basis for future completion of a NI43-101 compliant resource estimate and associated technical report pertaining to resources for the entire property. Assessment expenditures totaling $27,604 have been submitted to NSDNR in association with this report and only 52 of the existing 72 mineral exploration claims that comprise Licence 06273 are being renewed. Respectfully Submitted; “Original signed by” ______________________________________ Matthew Harrington, B. Sc. (Hons.) September 7th, 2013 “Original signed and sealed by” ______________________________________ Michael Cullen, M. Sc., P. Geo. September 7th, 2013




8.0 References Cited and Selected References

Baechler, L. 1996a: Assessment Report Licence 01839, Glencoe, Inverness County; for Kelly Rock Limited; NSDNR Assessment Report 96-056. . Baechler, L. 1996b: Assessment Report Licence 002029, Glencoe, Inverness County; for Kelly Rock Limited; NSDNR Assessment Report 96-102. Consultec Ltd., 2006: New Cement Plant Study prepared for Strait Highlands Regional Development Agency, Strait of Canso, Nova Scotia,; 31p. Cullen, M., 2000: Report on 1999-2000 Work Programs, Exploration Licence 03156, Glencoe, Inverness County, Nova Scotia, NSDNR Assessment Report, 2000. Cullen, M., 2001: Report on Core Inspection, Glencoe Carbonate Deposit, June 21-22, 2001, Glencoe Area, Inverness County, Nova Scotia; prepared for NSDNR, July, 2001. Cullen, M., 2004: Glencoe carbonate deposit, Report on Drill Core Re-Logging And Resource Potential, Glencoe Area, Inverness County, Nova Scotia; unpublished report prepared for Glencoe Resources Inc. by Mercator Geological Services Limited; --p. Dickie, G., 1991: Assessment report on Glencoe property, Exploration Licence Number 14425, NTS 11F14c, Tract 48, Claims K,L,M; for L.E. Shaw Limited; NSDNR Assessment Report 91-061; 15p. Fletcher, H., 1881: Report on part of the Counties of Richmond, Inverness, Guysborough and Antigonish, Nova Scotia; Geological Survey of Canada, Report of Progress, 1879-1880. Fletcher, H., 1885: Report on the Geology of Northern Cape Breton, Nova Scotia; Geological Survey of Canada, Report of Progress, 1882-1884. Goudge, M., 1934: Limestones of Canned, Part II, Maritime Provinces; Department of Mines, Ottawa, Mines Branch, Report No. 742. Gillis, M. 1992: The Glencoe East Carbonate Deposit, Inverness County, Nova Scotia, Exploration Licence 137 for Kelrock Limited; NSDNR Assessment Report 91-133. Hill, J. 1987; Geology and Geochemistry of Precambrian Carbonate Rocks, Cape Breton Island, Nova Scotia; Geological Survey of Canada, Open File Report 1597.




Luke, P., 1990: Filler and Extender Minerals in Nova Scotia, Economic Geology Series 90-2, Nova Scotia Department of Mines and Energy, 64p MacDonald, R.H. (1992): Various Industrial Mineral Commodities in Nova Scotia, Mines and Energy Branches Economic Geology Series 92-1. MacDonald, R.H. (1990): Open File Report 90-020, 1988 Glencoe Drilling Program, Inverness County, NSDNR. Mac Quarrie, B., 1989: The Glencoe East Lime stone Deposit, Inverness County, Cape Breton, Nova Scotia, for Aurion Minerals Limited; NSDNR Assessment Report 89-160. Mac Quarrie, B., 1991: Assessment Report For Glencoe, Inverness County, Nova Scotia, Licence 15843 for Aurion Minerals Limited; NSDNR Assessment Report 89-062. Milligan, G., 1970: Geology of the George River Series, Cape Breton, Nova Scotia, NS Department of Mines Memoir 7. MacNeil, D. 1972: Geology and Reserves, Limestone Deposits, (1) Glencoe Road Area for International Limestone Industries Ltd., NS Department of Mines Assessment Report 11F14C 28-J-21(03) MacNeil, D. 1974: Limestone, Glencoe, Inverness County, Nova Scotia; a preliminary report on diamond drilling for International Limestone Industries Ltd.; NS Department of Mines Assessment Report 11F14C 28-J-21(03) MacNeil, D. 1977: The Glencoe Limestone and Dolomite Survey, Preliminary Reports; Nova Scotia Department of Mines Open File Report 329 Smith, S., 1989: Nova Scotia Sand and Gravel, Division of L.E. Shaw Limited, Exploration Licence 14425, Glencoe, Inverness County, Claim Sheet 11F14C, Tract 48, Claims K,L,M, Report on Work performed , May20/88 to May 20/89; Nova Scotia Department of Mines and Energy, Assessment Report 90-100. Shaw, W., 1990: The Glencoe East Limestone Deposit, Inverness County, Cape Breton, Nova Scotia, for Kelrock Ltd.; Nova Scotia Department of Mines and Energy Assessment Report 90-100




Shaw, W., 1989: The Glencoe East Limestone Deposit, Inverness County, Cape Breton, Nova Scotia, for Kelrock Ltd.; Nova Scotia Department of Mines and Energy Assessment Report 89-170. Shea, F. and Murray, D., 1967: Limestones and Dolomites of Nova Scotia, Part I, Cape Breton Isalnd, Nova Scotia Department of Mines , Bulletin No, 2. Wilson, I., 2005: Visit Report to The Glencoe Marble Deposit and Details of Samples Collected for Testing; unpublished report to Glencoe Resources Limited, 6p.




Appendix 1:

Statement of Author Qualifications




STATEMENT OF QUALIFICATION MATTHEW HARRINGTON

I, Matthew Harrington, B.Sc. (Hons.,Geol.), do hereby certify that:

1. I currently reside in Halifax County, Nova Scotia Canada

2. I am employed as a Senior Resource Geologist by:

Mercator Geological Services Limited 65 Queen St Dartmouth, Nova Scotia, Canada B2Y 1GA

3. I graduated with a Bachelor of Science (Hons.,Geol.) degree from Dalhousie University

in Halifax, Nova Scotia, Canada in 2004.

4. I have worked as a geologist in Canada and abroad since graduation from university and have been employed by Mercator geological Services since 2004.

5. I have not previously participated in exploration and assessment programs on properties described herein.

6. I have no interest, personal or direct, in the properties described herein nor do I expect to receive such interst in the future.

7. I have not visited the property that is the subject of this report. Dated the 7th day of September, 2013, in Dartmouth, Nova Scotia, Canada. Signed, “Original Signed By” ___________________________________ Matthew Harrington, B. Sc. (Hons., Geol.) Mercator Geological Services Limited




STATEMENT OF QUALIFICATION MICHAEL P. CULLEN

I, Michael P. Cullen, P. Geo., do hereby certify that:

1. I reside at 2071 Poplar St. in Halifax, Nova Scotia, Canada

2. I am currently employed as Chief Geologist with:

Mercator Geological Services Limited 65 Queen St Dartmouth, Nova Scotia, Canada B2Y 1G4

3. I received a Masters Degree in Science (Geology) from Dalhousie University in 1984 and a Bachelor of Science Degree (Honours, Geology) in 1980 from Mount Allison University.

4. I am a registered member in good standing of the Association of Professional Geoscientists of Nova Scotia (Registration Number 064), Newfoundland and Labrador Professional Engineers and Geoscientists (Member Number 05058) and Association of Professional Engineers and Geoscientists of New Brunswick, (Registration Number L4333).

5. I have worked as a geologist in Canada and internationally since graduation and have been employed by Mercator Geological Services Limited since 2001.

6. I have participated in various past exploration and assessment programs on the properties described herein.

7. I have visited the property that is the subject of this report on many occasions.

8. I have no interest, personal or direct, in the properties described herein nor do I expect to receive such interst in the future.

Dated this 7th day of September, 2013

“Original Signed and Sealed By” _____________________________ Michael P. Cullen, M. Sc., P. Geo. Chief Geologist Mercator Geological Services Limited




LISTING OF CONTRACTORS AND PERSONNEL Mercator Geological Services Ltd.

Michael Cullen, M.Sc., P. Geo. (Chief Geologist) Halifax, NS

Matthew Harrington, Senior Resource Geologist Halifax, NS




Appendix 2:

Support Documents

Map 2013-1 Representative Block Model Sections

Representative Block Model Level Plans Isometric Block Model Sections

Drill Hole Collar and Orientation Data From 2013 Project Database

SURPAC - Gemcom Software

plan

_map

g201

3_01

_ddh

_loc

atio

n

74-31

74-33

74-34

74-3574-36

74-37

74-38

74-39

74-40

74-41

74-42

74-43

74-44

74-46

74-48

74-49

88-10

88-12

88-13

88-15

88-16

88-17

88-6

88-7

88-8 88-9

A-1

A-2

A-3

A-4

A-5

A-6

B-2

B-4

B-5

B-6

B-7

B-8

C-10

C-2

C-4

C-5

C-6

C-7

C-8

C-9

D-1

D-10

D-11

D-12

D-13

D-2

D-3

D-4

D-5

D-6

D-7

D-8

E-

1

E-

2E

-3

E-

4E

-5

E-

6E

-7

E-

8

F-

1F

-2

F-

3F

-4

F-

5

F-

6

GR-12-01

GR-12-02

I-1

I-2

I-3

I-4

J-2

J-3

J-4

K-1

K-2

K-3

K-4

K-5

K-6

L-

1L

-2

L-

3L

-4

M-

1M

-2

M-

3M

-4

631400E631400E

631500E631500E

631600E631600E

631700E631700E

631800E631800E

631900E631900E

632000E632000E

632100E632100E

632200E632200E

632300E632300E

632400E632400E

632500E632500E

632600E632600E

632700E632700E

632800E632800E

632900E632900E

633000E633000E

633100E633100E

633200E633200E

633300E633300E

633400E633400E

633500E633500E

633600E633600E

633700E633700E

633800E633800E

633900E633900E

634000E634000E

634100E634100E

634200E634200E

634300E634300E

634400E634400E

634500E634500E

634600E634600E

5085600N

5085700N 5085700N

5085800N 5085800N

5085900N 5085900N

5086000N 5086000N

5086100N 5086100N

5086200N 5086200N

5086300N 5086300N

5086400N 5086400N

5086500N 5086500N

5086600N 5086600N

5086700N 5086700N

5086800N 5086800N

5086900N 5086900N

5087000N 5087000N

5087100N 5087100N

5087200N 5087200N

5087300N 5087300N

5087400N 5087400N

5087500N 5087500N

5087600N 5087600N

5087700N 5087700N

5087800N 5087800N

5087900N 5087900N

5088000N 5088000N

5088100N 5088100N

5088200N 5088200N

5088300N

Glencoe Resources Inc.

Scale: 1: Plan No. Date:

CaO % Block Grade

Glencoe ProjectMap G2013-01

Drill Hole Location Plan

5000 06-Sep-13

0 100 200 300 400 500

> 43

43 - 47

47 - 50

50 - 53

> 53

D-9

GR

C-

21

GR

C-

20

GR

C-

19

GR

C-

18

GR

C-

17

GR

C-

16

GR

C-

15

GR

C-

11

GR

C-

12

GR

C-

13

GR

C-

14

GR

C-

10

GR

C-

9G

RC

-8

GR

C-

7G

RC

-6

GR

C-

5G

RC

-4

GR

C-

3G

RC

-2

GR

C-

1C

GP

D2

01

1-

02

4G

PD

20

11

-0

25

GP

D2

01

1-

02

6G

PD

20

11

-0

27

GP

D2

01

1-

02

8G

PD

20

11

-0

29

GP

D2

01

1-

03

0

GP

D2

01

1-

03

2G

PD

20

11

-0

31

GP

D2

01

1-

03

3

GP

D2

01

1-

02

2G

PD

20

11

-0

23GPD2011-034

GPD2011-035GPD2011-036GPD2011-037GPD2011-038GPD2011-039

GPD2011-040GPD2011-042

GR-07-01

J-1

74-47

C-388-14

C-188-11

GP

D2

01

1-

01

1G

PD

20

11

-0

10

GP

D2

01

1-

00

9G

PD

20

11

-0

08

GP

D2

01

1-

00

7G

PD

20

11

-0

06

GP

D2

01

1-

00

5G

PD

20

11

-0

04

GP

D2

01

1-

00

3G

PD

20

11

-0

02

GP

D2

01

1-

00

1 B-3

GR

C-

22

GR

C-

23

GR

C-

24

GR

C-

25

GR

C-

26

GR

C-

27

GR

C-

30

GR

C-

31

GR

C-

32

GR

C-

33

GR

C-

28

CG

RC

-2

9G

PD

20

11

-0

12

GP

D2

01

1-

01

3G

PD

20

11

-0

14

GP

D2

01

1-

01

5G

PD

20

11

-0

16

GP

D2

01

1-

01

7G

PD

20

11

-0

18

GP

D2

01

1-

01

9G

PD

20

11

-0

20

B-1

GP

D2

01

1-

04

5

GP

D2

01

1-

04

3

GP

D2

01

1-

04

4

GP

D2

01

1-

04

6

GP

D2

01

1-

04

7

GP

D2

01

1-

04

8

GP

D2

01

1-

04

9

GP

D2

01

1-

05

0

GP

D2

01

1-

05

1

GP

D2

01

1-

05

2

GP

D2

01

1-

05

3G

PD

20

11

-0

54

GP

D2

01

1-

05

5

GP

D2

01

1-

05

6

GP

D2

01

1-

05

7

GP

D2

01

1-

05

8

GP

D2

01

1-

05

9

Surface Projection of 43% CaO Wireframe

Consultec Hypothetical Quarry Outline

Section A

Section B

Section I

Section C

Section J

Section D

Section K

UTM Zone 21 NAD 83 Coordination Sealevel Elevation Datum

UTM Grid North

Claim F

Claim C

Claim F

Claim D

Claim E

Map Sheet 11F14C Tract 50

e

88

11

K

LICENCE 10323

LICENCE 10353

LICENCE 06139

LICENCE 06273 LICENCE 10321

LICENCE 06382

Claim Boundary

Drill Hole - Number Black - Diamond Drill Hole Red - Reverse Circulation Hole Blue - Percussion Hole


sect

ion_

mapg

2013

_05_

sect

iona

A-1

A-2A-3

A-4

A-5

A-6

-3800

-3700

-3600

-3500

-3400

-3300

-3200

-3100

-3000

-2900

-2800

-2700

-2600

-2500

-2400

-2300

-2200

0Z

100Z

200Z

300Z



CaO % Block Grade


Block Model Sections A / B / I

2500 06-Sep-13

0 50 100 150 200 250

> 43

43 - 47

47 - 50

50 - 53

> 53


sect

ion_

mapg

2013

_05_

sect

ionb

GRC-

22GR

C-23

GRC-

24GR

C-25

GRC-

26GR

C-27

GRC-

28C

GRC-

29GR

C-30

GRC-

31GR

C-32

GRC-

33

GP

D2

01

1-

00

1G

PD

20

11

-0

02

GP

D2

01

1-

00

3

GP

D2

01

1-

00

4G

PD

20

11

-0

05

GP

D2

01

1-

00

6G

PD

20

11

-0

07

GP

D2

01

1-

00

8

GP

D2

01

1-

00

9

GP

D2

01

1-

01

0G

PD

20

11

-0

11

GP

D2

01

1-

01

2G

PD

20

11

-0

13

GP

D2

01

1-

01

4

GP

D2

01

1-

01

5

GP

D2

01

1-

01

6

GP

D2

01

1-

01

7

GP

D2

01

1-

01

8

GP

D2

01

1-

01

9

GP

D2

01

1-

02

0

GP

D2

01

1-

04

3

GP

D2

01

1-

04

4

GP

D2

01

1-

04

5

GP

D2

01

1-

04

6

GP

D2

01

1-

04

7

GP

D2

01

1-

04

8

GP

D2

01

1-

04

9

GP

D2

01

1-

05

0

GP

D2

01

1-

05

1

GP

D2

01

1-

05

2G

PD

20

11

-0

53

GP

D2

01

1-

05

474-31

74-33

74-34

74-41

88-6

88-7

B-1B-2B-3

B-4

B-5

B-6 B-7

B-8

-3900

-3800

-3700

-3600

-3500

-3400

-3300

-3200

-3100

-3000

-2900

-2800

-2700

-2600

-2500

-2400

-2300

0Z

100Z

200Z

300Z


sect

ion_

mapg

2013

_05_

sect

ioni

GP

D2

01

1-

05

4G

PD

20

11

-0

55

GP

D2

01

1-

05

6

GP

D2

01

1-

05

7

GP

D2

01

1-

05

8

GP

D2

01

1-

05

9

74-35

74-3674-38

74-40

74-46

I-1

I-2I-3

I-4

-4100

-4000

-3900

-3800

-3700

-3600

-3500

-3400

-3300

-3200

-3100

-3000

-2900

-2800

-2700

-2600

-2500

0Z

100Z

200Z

300Z

Section A

Section I

Section B


sect

ion_

mapg

2013

_06_

sect

ionc

74-37

74-39

74-42

74-43

88-11

88-12

88-13

88-14 88-15

C-1

C-10

C-2C-3

C-4

C-5C-6C-7

C-8

C-9

GR-12-02

-3900

-3800

-3700

-3600

-3500

-3400

-3300

-3200

-3100

-3000

-2900

-2800

-2700

-2600

-2500

-2400

-2300

-400Z

-300Z

-200Z

-100Z

0Z

100Z

200Z

300Z

400Z

500Z

600Z

700Z

800Z

900Z



CaO % Block Grade


Block Model Section C

2500 06-Sep-13

0 50 100 150 200 250

> 43

43 - 47

47 - 50

50 - 53

> 53

Section C


sect

ion_

mapg

2013

_05



CaO % Block Grade


Block Model Sections J / D / K

2500 06-Sep-13

0 50 100 150 200 250

> 43

43 - 47

47 - 50

50 - 53

> 53


sect

ion_

mapg

2013

_05_

sect

iond

GRC-10

GRC-1

1GRC-12

GRC-13

GRC-14

GRC

-15

GRC-16

GRC-

17

GRC-18

GRC-1

9

GRC-

1CGR

C-2

GRC-20

GRC-21

GRC-

3GR

C-4

GRC-

5GR

C-6

GRC-7

GRC-8

GRC-9

GP

D2

01

1-

02

2

GP

D2

01

1-

02

3

GP

D2

01

1-

02

4

GP

D2

01

1-

02

5

GP

D2

01

1-

02

6

GP

D2

01

1-

02

7

GP

D2

01

1-

02

8

GP

D2

01

1-

02

9

GP

D2

01

1-

03

0

GP

D2

01

1-

03

1

GP

D2

01

1-

03

2

GP

D2

01

1-

03

3

GP

D2

01

1-

03

4

GP

D2

01

1-

03

5G

PD

20

11

-0

36

GP

D2

01

1-

03

7G

PD

20

11

-0

38

GP

D2

01

1-

03

9G

PD

20

11

-0

40

GP

D2

01

1-

04

2 74-48

D-1

D-10

D-11

D-12

D-13

D-2D-3

D-4

D-5D-6

D-7

D-8

D-9

GR-07-01

-2600

-2500

-2400

-2300

-2200

-2100

-2000

-1900

-1800

-1700

-1600

-1500

-1400

-1300

-1200

-1100

-1000

0Z

100Z

200Z

300Z


sect

ion_

mapg

2013

_05_

sect

ionj

74-44

74-47J-1J-2J-3

J-4

-2700

-2600

-2500

-2400

-2300

-2200

-2100

-2000

-1900

-1800

-1700

-1600

-1500

-1400

-1300

-1200

-1100

100Z

200Z

300Z


sect

ion_

mapg

2013

_05_

sect

ionk

74-49

K-1

K-2K-3

K-4

K-5

K-6

-2600

-2500

-2400

-2300

-2200

-2100

-2000

-1900

-1800

-1700

-1600

-1500

-1400

-1300

-1200

-1100

0Z

100Z

200Z

300Z

Section D

Section K

Section J


plan

_map

g201

3_04

_lev

el10

0el

A-1

A-2

A-3

A-4

A-5

B-1

B-2

B-3

B-7

B-8

C-1

C-10

C-2

C-3

C-4

C-9

D-1

D-2

D-3

D-4

D-5

D-6

D-7

E-

1

E-

3E

-4

E-

6E

-7

E-

8

F-

6

GR-12-01

GR-12-02

K-4

K-5

L-

1L

-4

631400E631400E

631500E631500E

631600E631600E

631700E631700E

631800E631800E

631900E631900E

632000E632000E

632100E632100E

632200E632200E

632300E632300E

632400E632400E

632500E632500E

632600E632600E

632700E632700E

632800E632800E

632900E632900E

633000E633000E

633100E633100E

633200E633200E

633300E633300E

633400E633400E

633500E633500E

633600E633600E

633700E633700E

633800E633800E

633900E633900E

634000E634000E

634100E634100E

634200E634200E

634300E634300E

634400E634400E

634500E634500E

634600E634600E

5085600N

5085700N 5085700N

5085800N 5085800N

5085900N 5085900N

5086000N 5086000N

5086100N 5086100N

5086200N 5086200N

5086300N 5086300N

5086400N 5086400N

5086500N 5086500N

5086600N 5086600N

5086700N 5086700N

5086800N 5086800N

5086900N 5086900N

5087000N 5087000N

5087100N 5087100N

5087200N 5087200N

5087300N 5087300N

5087400N 5087400N

5087500N 5087500N

5087600N 5087600N

5087700N 5087700N

5087800N 5087800N

5087900N 5087900N

5088000N 5088000N

5088100N 5088100N

5088200N 5088200N

5088300N



CaO % Block Grade


Block Model 100El Level Plan

5000 06-Sep-13

0 100 200 300 400 500

> 43

43 - 47

47 - 50

50 - 53

> 53


plan

_map

g201

3_03

_lev

el15

0el

74-31

74-43

88-10

88-11

88-12

88-14

88-15

88-17

88-6

88-8

A-1

A-2

A-3

A-4

A-5

B-1

B-2

B-3

B-4

B-7

B-8

C-1

C-10

C-2

C-3

C-4

C-5

C-6

C-7

C-9

D-1

D-10

D-11

D-2

D-3

D-4

D-5

D-6

D-7

D-8D-9

E-

1

E-

3E

-4

E-

5E

-6

E-

7E

-8

F-

1F

-2

F-

3F

-4

F-

5

F-

6

GR-07-01

GR-12-01

GR-12-02

I-1

I-2

I-3

I-4

J-1

J-2

J-3

K-1

K-2

K-3

K-4

K-5

K-6

L-

1L

-2

L-

3L

-4

M-

1M

-2

M-

3M

-4

631400E631400E

631500E631500E

631600E631600E

631700E631700E

631800E631800E

631900E631900E

632000E632000E

632100E632100E

632200E632200E

632300E632300E

632400E632400E

632500E632500E

632600E632600E

632700E632700E

632800E632800E

632900E632900E

633000E633000E

633100E633100E

633200E633200E

633300E633300E

633400E633400E

633500E633500E

633600E633600E

633700E633700E

633800E633800E

633900E633900E

634000E634000E

634100E634100E

634200E634200E

634300E634300E

634400E634400E

634500E634500E

634600E634600E

5085600N

5085700N 5085700N

5085800N 5085800N

5085900N 5085900N

5086000N 5086000N

5086100N 5086100N

5086200N 5086200N

5086300N 5086300N

5086400N 5086400N

5086500N 5086500N

5086600N 5086600N

5086700N 5086700N

5086800N 5086800N

5086900N 5086900N

5087000N 5087000N

5087100N 5087100N

5087200N 5087200N

5087300N 5087300N

5087400N 5087400N

5087500N 5087500N

5087600N 5087600N

5087700N 5087700N

5087800N 5087800N

5087900N 5087900N

5088000N 5088000N

5088100N 5088100N

5088200N 5088200N

5088300N



CaO % Block Grade



5000 06-Sep-13

0 100 200 300 400 500

> 43

43 - 47

47 - 50

50 - 53

> 53


plan

_map

g201

3_02

_lev

el20

0el

GP

D2

01

1-

04

5G

PD

20

11

-0

46

74-31

74-33

74-34

74-3574-36

74-37

74-38

74-39

74-40

74-41

74-42

74-43

74-44

74-46

74-47

74-48

74-49

88-10

88-11

88-12

88-13

88-1488-15

88-16

88-17

88-6

88-7

88-8 88-9

A-1

A-2

A-3

A-4

A-5

A-6

B-1

B-2

B-3

B-4

B-6

B-7

B-8

C-1

C-10

C-2

C-3

C-4

C-5

C-6

C-7

C-8

C-9

D-1

D-10

D-11

D-12

D-2

D-3

D-4

D-5

D-6

D-7

D-8D-9

E-

1

E-

2E

-3

E-

4E

-5

E-

6E

-7

E-

8

F-

1F

-2

F-

3F

-4

F-

5

F-

6

GR-07-01

GR-12-01

GR-12-02

I-1

I-2

I-3

I-4

J-1

J-2

J-3

J-4

K-1

K-2

K-3

K-4

K-5

K-6

L-

1L

-2

L-

3L

-4

M-

1M

-2

M-

3M

-4

631400E631400E

631500E631500E

631600E631600E

631700E631700E

631800E631800E

631900E631900E

632000E632000E

632100E632100E

632200E632200E

632300E632300E

632400E632400E

632500E632500E

632600E632600E

632700E632700E

632800E632800E

632900E632900E

633000E633000E

633100E633100E

633200E633200E

633300E633300E

633400E633400E

633500E633500E

633600E633600E

633700E633700E

633800E633800E

633900E633900E

634000E634000E

634100E634100E

634200E634200E

634300E634300E

634400E634400E

634500E634500E

634600E634600E

5085600N

5085700N 5085700N

5085800N 5085800N

5085900N 5085900N

5086000N 5086000N

5086100N 5086100N

5086200N 5086200N

5086300N 5086300N

5086400N 5086400N

5086500N 5086500N

5086600N 5086600N

5086700N 5086700N

5086800N 5086800N

5086900N 5086900N

5087000N 5087000N

5087100N 5087100N

5087200N 5087200N

5087300N 5087300N

5087400N 5087400N

5087500N 5087500N

5087600N 5087600N

5087700N 5087700N

5087800N 5087800N

5087900N 5087900N

5088000N 5088000N

5088100N 5088100N

5088200N 5088200N

5088300N



CaO % Block Grade



5000 06-Sep-13

0 100 200 300 400 500

> 43

43 - 47

47 - 50

50 - 53

> 53




Representative isometric sections through block model showing folded configuration

Section 1- See Plan 1Below For Location

Section 2- See Plan 1 Below For Location




Plan 1

Section 1

Section 2




Drill Hole Collar and Orientation Data From 2013 Project Database (UTM Zone 21 NAD Coordination and Sea Level Elevation Datum)

Hole Number

Northing (m)

Easting (m)

Elevation (m)

Depth (m)

Azimuth (Deg)

Dip (Deg) Property Type

74‐31 5087620 631925 228 76.2 45 ‐45 Glencoe DDH

74‐33 5087452 631966 238.7 33.5 225 ‐45 Glencoe DDH

74‐34 5087364 631908 240.5 76.2 225 ‐45 Glencoe DDH

74‐35 5087229 631936 246.3 76.2 45 ‐45 Glencoe DDH

74‐36 5086983 631961 250.5 45.7 45 ‐45 Glencoe DDH

74‐37 5086736 632002 252.4 45.7 45 ‐45 Glencoe DDH

74‐38 5086986 631838 242 42.7 45 ‐45 Glencoe DDH

74‐39 5087036 632296 245.4 45.7 225 ‐45 Glencoe DDH

74‐40 5087151 632151 249.3 45.7 225 ‐45 Glencoe DDH

74‐41 5087337 631979 239.9 45.7 225 ‐45 Glencoe DDH

74‐42 5087122 632774 217.6 32.9 225 ‐45 Glencoe DDH

74‐43 5087124 632737 217 61 225 ‐45 Glencoe DDH

74‐44 5086958 632993 222.2 61 225 ‐45 Glencoe DDH

74‐46 5087118 632102 250.9 61 225 ‐45 Glencoe DDH

74‐47 5086544 632315 252.73 76.2 225 ‐45 Glencoe DDH

74‐48 5086239 632321 265.2 76.2 225 ‐45 Glencoe DDH

74‐49 5086116 632584 262.7 76.2 225 ‐45 Glencoe DDH

88‐1 5087151 634824 256 150.3 180 ‐45 Glencoe DDH

88‐10 5087632 631701 234.8 153.6 270 ‐45 Glencoe DDH

88‐11 5087106 632601 219.2 92.4 235 ‐45 Glencoe DDH

88‐12 5087174 632497 224.5 71 235 ‐45 Glencoe DDH

88‐13 5087044 632635 224.4 61.6 235 ‐45 Glencoe DDH

88‐14 5087052 632500 233.3 106.7 55 ‐45 Glencoe DDH

88‐15 5087027 632508 233.3 135 235 ‐45 Glencoe DDH

88‐16 5087518 631709 229 40.5 270 ‐45 Glencoe DDH

88‐17 5087670 631666 233.1 118.9 270 ‐45 Glencoe DDH

88‐2 5087219 634814 256 77.4 180 ‐45 Glencoe DDH

88‐3 5087251 634794 256 12.5 180 ‐45 Glencoe DDH

88‐4 5087202 634782 256 151.5 0 ‐45 Glencoe DDH

88‐5 5087072 634787 256 39.9 180 ‐45 Glencoe DDH

88‐6 5087835 632428 233.7 135 235 ‐45 Glencoe DDH

88‐7 5087765 632333 234.8 83.2 235 ‐45 Glencoe DDH

88‐8 5087541 631669 224.9 83.8 90 ‐45 Glencoe DDH

88‐9 5087534 631699 223.9 61.9 270 ‐45 Glencoe DDH

A‐1 5088231 631988 233.9 167.6 235 ‐45 Glencoe DDH

A‐2 5088169 631877 234 167.6 235 ‐45 Glencoe DDH

A‐3 5088085 631764 241.3 167.6 235 ‐45 Glencoe DDH

A‐4 5088031 631681 237.3 167.6 235 ‐45 Glencoe DDH

A‐5 5087935 631555 227.7 150 235 ‐45 Glencoe DDH




Hole Number

Northing (m)

Easting (m)

Elevation (m)

Depth (m)

Azimuth (Deg)


A‐6 5087834 631516 221.2 45.7 235 ‐45 Glencoe DDH

ARC‐1 5092329 635530 153 6 140 ‐55 Kewstoke RC

ARC‐2 5092333 635527 153 6 140 ‐55 Kewstoke RC

ARC‐3 5092337 635524 153.5 6 140 ‐55 Kewstoke RC

ARC‐4 5092340 635520 154.5 7 100 ‐55 Kewstoke RC

ARC‐5 5092342 635515 155 8 90 ‐55 Kewstoke RC

ARC‐6 5092342 635510 155.5 8 90 ‐55 Kewstoke RC

ARC‐7 5092343 635505 156 8 90 ‐55 Kewstoke RC

ARC‐8 5092345 635502 156.8 8 90 ‐55 Kewstoke RC

B‐1 5087563 632150 231.7 167.6 235 ‐45 Glencoe DDH

B‐2 5087519 632035 237.9 167.6 235 ‐45 Glencoe DDH

B‐3 5087434 631946 241.5 167.6 235 ‐45 Glencoe DDH

B‐4 5087352 631805 241.3 161.5 235 ‐45 Glencoe DDH

B‐5 5087296 631699 234.1 12.2 235 ‐45 Glencoe DDH

B‐6 5087667 632263 224.4 64 235 ‐45 Glencoe DDH

B‐7 5087759 632362 233.1 153.9 235 ‐45 Glencoe DDH

B‐8 5087838 632458 231.3 167.6 235 ‐45 Glencoe DDH

C‐1 5087108 632606 215.1 167.5 235 ‐45 Glencoe DDH

C‐10 5087311 632845 236.7 167.6 235 ‐45 Glencoe DDH

C‐2 5087099 632530 229.1 167.6 235 ‐45 Glencoe DDH

C‐3 5087006 632415 236.6 167.6 235 ‐45 Glencoe DDH

C‐4 5086935 632314 237.3 167.6 235 ‐45 Glencoe DDH

C‐5 5086870 632205 247.4 167.6 235 ‐45 Glencoe DDH

C‐6 5086789 632103 254.8 167.6 235 ‐45 Glencoe DDH

C‐7 5086700 631987 259.1 167.6 235 ‐45 Glencoe DDH

C‐8 5086638 631865 254.1 61 235 ‐45 Glencoe DDH

C‐9 5087243 632736 221.9 167.6 235 ‐45 Glencoe DDH

D‐1 5086762 633205 199 167.6 235 ‐45 Glencoe DDH

D‐10 5086134 632219 267.2 168.9 235 ‐45 Glencoe DDH

D‐11 5086045 632133 262.9 166.4 235 ‐45 Glencoe DDH

D‐12 5085990 632028 254.2 110.3 235 ‐45 Glencoe DDH

D‐13 5085927 631961 244 12.5 235 ‐45 Glencoe DDH

D‐2 5086719 633068 221.8 167.6 235 ‐45 Glencoe DDH

D‐3 5086615 632980 230.6 168.2 235 ‐45 Glencoe DDH

D‐4 5086564 632867 232.8 169.5 235 ‐45 Glencoe DDH

D‐5 5086492 632786 232.8 168.2 235 ‐45 Glencoe DDH

D‐6 5086398 632680 236.1 167.6 235 ‐45 Glencoe DDH

D‐7 5086345 632556 233.8 167.6 235 ‐45 Glencoe DDH

D‐8 5086265 632446 249.7 167.6 235 ‐45 Glencoe DDH

D‐9 5086286 632333 260.1 169.5 235 ‐45 Glencoe DDH




Hole Number

Northing (m)

Easting (m)

Elevation (m)

Depth (m)

Azimuth (Deg)


E‐1 5087298 633488 235.7 167.6 180 ‐45 Glencoe DDH

E‐2 5087241 633563 235.7 37.9 0 ‐45 Glencoe DDH

E‐3 5087082 633540 224.4 167.6 180 ‐45 Glencoe DDH

E‐4 5086960 633556 233.7 167.6 180 ‐45 Glencoe DDH

E‐5 5086821 633550 238.2 140.2 180 ‐45 Glencoe DDH

E‐6 5086712 633565 238.1 167.6 180 ‐45 Glencoe DDH

E‐7 5086569 633547 227.9 167.6 180 ‐45 Glencoe DDH

E‐8 5086443 633556 197.4 167.6 180 ‐45 Glencoe DDH

F‐1 5087194 634188 258.1 167.6 180 ‐45 Glencoe DDH

F‐2 5087060 634188 245.4 167.6 180 ‐45 Glencoe DDH

F‐3 5086917 634194 253.2 167.6 180 ‐45 Glencoe DDH

F‐4 5086786 634209 257.1 167.6 180 ‐45 Glencoe DDH

F‐5 5086704 634190 257.2 134.1 180 ‐45 Glencoe DDH

F‐6 5086534 634162 206.8 142.6 180 ‐45 Glencoe DDH

G‐1 5087296 634806 253.3 158.5 180 ‐45 Glencoe DDH

G‐2 5087410 634759 253 99.1 180 ‐45 Glencoe DDH

G‐3 5087159 634816 260.6 126.5 180 ‐45 Glencoe DDH

G‐4 5086514 634805 189.2 168.2 0 ‐45 Glencoe DDH

G‐5 5086517 634815 189.4 69.5 180 ‐45 Glencoe DDH

GPD2011‐001 5087407 631851 242.715 4.12 360 ‐90 Glencoe PD

GPD2011‐002 5087398 631850 243.071 3.66 360 ‐90 Glencoe PD

GPD2011‐003 5087391 631844 243.217 3.05 360 ‐90 Glencoe PD

GPD2011‐004 5087384 631835 243.287 3.05 360 ‐90 Glencoe PD

GPD2011‐005 5087379 631828 243.323 3.05 360 ‐90 Glencoe PD

GPD2011‐006 5087373 631819 243.282 2.59 360 ‐90 Glencoe PD

GPD2011‐007 5087370 631814 243.063 2.74 360 ‐90 Glencoe PD

GPD2011‐008 5087366 631808 242.827 3.05 360 ‐90 Glencoe PD

GPD2011‐009 5087361 631799 242.426 3.05 360 ‐90 Glencoe PD

GPD2011‐010 5087355 631792 242.233 2.74 360 ‐90 Glencoe PD

GPD2011‐011 5087350 631786 242.06 2.74 360 ‐90 Glencoe PD

GPD2011‐ 5087448 631921 243.768 4.12 360 ‐90 Glencoe PD




Hole Number

Northing (m)

Easting (m)

Elevation (m)

Depth (m)

Azimuth (Deg)


012

GPD2011‐013 5087458 631921 243.253 4.88 360 ‐90 Glencoe PD

GPD2011‐014 5087465 631932 242.818 4.88 360 ‐90 Glencoe PD

GPD2011‐015 5087473 631937 242.358 3.96 360 ‐90 Glencoe PD

GPD2011‐016 5087478 631945 241.721 3.96 360 ‐90 Glencoe PD

GPD2011‐017 5087486 631955 240.808 4.57 360 ‐90 Glencoe PD

GPD2011‐018 5087490 631963 240.239 5.49 360 ‐90 Glencoe PD

GPD2011‐019 5087492 631973 240.112 3.81 360 ‐90 Glencoe PD

GPD2011‐020 5087494 631983 240.254 3.66 360 ‐90 Glencoe PD

GPD2011‐022 5086244 632219 270.956 2.9 360 ‐90 Glencoe PD

GPD2011‐023 5086235 632211 270.778 2.74 360 ‐90 Glencoe PD

GPD2011‐024 5086223 632204 270.678 3.05 360 ‐90 Glencoe PD

GPD2011‐025 5086218 632194 270.436 3.05 360 ‐90 Glencoe PD

GPD2011‐026 5086211 632184 270.083 1.98 360 ‐90 Glencoe PD

GPD2011‐027 5086203 632176 269.84 4.57 360 ‐90 Glencoe PD

GPD2011‐028 5086199 632168 269.643 1.83 360 ‐90 Glencoe PD

GPD2011‐029 5086194 632158 269.397 2.59 360 ‐90 Glencoe PD

GPD2011‐030 5086180 632148 269.068 2.74 360 ‐90 Glencoe PD

GPD2011‐031 5086166 632135 268.135 2.9 360 ‐90 Glencoe PD

GPD2011‐032 5086161 632127 267.428 3.96 360 ‐90 Glencoe PD

GPD2011‐033 5086153 632116 266.364 3.05 360 ‐90 Glencoe PD

GPD2011‐034 5086144 632107 265.201 3.05 360 ‐90 Glencoe PD

GPD2011‐035 5086131 632102 263.803 3.96 360 ‐90 Glencoe PD




Hole Number

Northing (m)

Easting (m)

Elevation (m)

Depth (m)

Azimuth (Deg)


GPD2011‐036 5086117 632102 262.815 6.1 360 ‐90 Glencoe PD

GPD2011‐037 5086106 632102 262.183 2.44 360 ‐90 Glencoe PD

GPD2011‐038 5086090 632103 261.327 2.44 360 ‐90 Glencoe PD

GPD2011‐039 5086078 632109 260.999 3.05 360 ‐90 Glencoe PD

GPD2011‐040 5086068 632117 260.853 3.96 360 ‐90 Glencoe PD

GPD2011‐042 5086053 632110 259.919 4.27 360 ‐90 Glencoe PD

GPD2011‐043 5087577 632120 233.015 4.57 360 ‐90 Glencoe PD

GPD2011‐044 5087580 632140 231.613 4.57 360 ‐90 Glencoe PD

GPD2011‐045 5087585 632161 230.419 6.1 360 ‐90 Glencoe PD

GPD2011‐046 5087592 632181 229.413 4.57 360 ‐90 Glencoe PD

GPD2011‐047 5087624 632258 229.476 3.05 360 ‐90 Glencoe PD

GPD2011‐048 5087633 632279 232.13 3.05 360 ‐90 Glencoe PD

GPD2011‐049 5087638 632297 234.195 3.05 360 ‐90 Glencoe PD

GPD2011‐050 5087636 632319 235.942 3.66 360 ‐90 Glencoe PD

GPD2011‐051 5087641 632341 236.728 3.66 360 ‐90 Glencoe PD

GPD2011‐052 5087635 632367 237.19 3.05 360 ‐90 Glencoe PD

GPD2011‐053 5087621 632384 237.383 3.05 360 ‐90 Glencoe PD

GPD2011‐054 5087606 632399 237.513 3.05 360 ‐90 Glencoe PD

GPD2011‐055 5087590 632420 237.178 3.66 360 ‐90 Glencoe PD

GPD2011‐056 5087583 632440 236.656 3.05 360 ‐90 Glencoe PD

GPD2011‐057 5087577 632460 235.573 4.12 360 ‐90 Glencoe PD

GPD2011‐058 5087577 632487 233.733 3.05 360 ‐90 Glencoe PD

GPD2011‐ 5087581 632508 230.45 3.05 360 ‐90 Glencoe PD




Hole Number

Northing (m)

Easting (m)

Elevation (m)

Depth (m)

Azimuth (Deg)


059

GPD2011‐085 5086601 637007 128.167 6.1 360 ‐90 Glencoe PD

GPD2011‐086 5086595 637051 120.722 3.2 360 ‐90 Glencoe PD

GPD2011‐087 5086594 637068 117.972 4.27 360 ‐90 Glencoe PD

GPD2011‐088 5086597 637093 115.07 4.88 360 ‐90 Glencoe PD

GPD2011‐089 5086597 637104 113.375 3.05 360 ‐90 Glencoe PD

GPD2011‐090 5086582 637123 108.907 3.35 360 ‐90 Glencoe PD

GPD2011‐091 5086580 637146 105.085 4.57 360 ‐90 Glencoe PD

GPD2011‐092 5086566 637161 102.713 3.05 360 ‐90 Glencoe PD

GPD2011‐093 5086561 637171 101.806 3.05 360 ‐90 Glencoe PD

GPD2011‐094 5086550 637187 100.242 3.05 360 ‐90 Glencoe PD

GPD2011‐095 5086542 637203 98.823 3.05 360 ‐90 Glencoe PD

GPD2011‐096 5086527 637221 96.905 3.05 360 ‐90 Glencoe PD

GPD2011‐097 5086518 637234 95.61 3.05 360 ‐90 Glencoe PD

GPD2011‐098 5086503 637247 94.085 4.88 360 ‐90 Glencoe PD

GPD2011‐099 5086490 637260 92.666 4.57 360 ‐90 Glencoe PD

GPD2011‐100 5086478 637280 90.905 4.57 360 ‐90 Glencoe PD

GR‐07‐01 5086039 632127 257.5 151 235 ‐45 Glencoe DDH

GR‐12‐01 5086925 631999 258 200 235 ‐45 Glencoe DDH

GR‐12‐02 5086676 632166 263 200 235 ‐45 Glencoe DDH

GRC‐10 5086275 632252 272.5 5 258 ‐55 Glencoe RC

GRC‐11 5086276 632257 272 5 258 ‐55 Glencoe RC

GRC‐12 5086277 632262 271 5 258 ‐55 Glencoe RC

GRC‐13 5086278 632267 270.5 5 258 ‐55 Glencoe RC

GRC‐14 5086280 632271 270 5 258 ‐55 Glencoe RC

GRC‐15 5086281 632276 269.5 5 258 ‐55 Glencoe RC

GRC‐16 5086282 632281 269 5 258 ‐55 Glencoe RC




Hole Number

Northing (m)

Easting (m)

Elevation (m)

Depth (m)

Azimuth (Deg)


GRC‐17 5086284 632286 268.5 5 258 ‐55 Glencoe RC

GRC‐18 5086285 632290 268 5 258 ‐55 Glencoe RC

GRC‐19 5086287 632295 267.5 5 258 ‐55 Glencoe RC

GRC‐1C 5086250 632216 274 5 225 ‐55 Glencoe RC

GRC‐2 5086253 632220 274 5 225 ‐55 Glencoe RC

GRC‐20 5086289 632300 267 5 258 ‐55 Glencoe RC

GRC‐21 5086291 632304 266.5 5 258 ‐55 Glencoe RC

GRC‐22 5087411 631865 242 5 225 ‐55 Glencoe RC

GRC‐23 5087414 631868 242 6 225 ‐55 Glencoe RC

GRC‐24 5087418 631872 242 6 225 ‐55 Glencoe RC

GRC‐25 5087422 631875 242.5 6 225 ‐55 Glencoe RC

GRC‐26 5087424 631879 243 5 225 ‐55 Glencoe RC

GRC‐27 5087427 631883 243.5 6 225 ‐55 Glencoe RC

GRC‐28C 5087431 631886 244 5 225 ‐55 Glencoe RC

GRC‐29 5087434 631890 244 6 225 ‐55 Glencoe RC

GRC‐3 5086256 632224 274 5 225 ‐55 Glencoe RC

GRC‐30 5087438 631894 244 5 225 ‐55 Glencoe RC

GRC‐31 5087441 631897 243.5 5 225 ‐55 Glencoe RC

GRC‐32 5087444 631901 243 6 225 ‐55 Glencoe RC

GRC‐33 5087448 631905 242.5 5 225 ‐55 Glencoe RC

GRC‐4 5086260 632227 274 5 225 ‐55 Glencoe RC

GRC‐5 5086264 632231 274 5 225 ‐55 Glencoe RC

GRC‐6 5086268 632234 274 5 225 ‐55 Glencoe RC

GRC‐7 5086272 632238 274 5 258 ‐55 Glencoe RC

GRC‐8 5086273 632242 273.5 5 258 ‐55 Glencoe RC

GRC‐9 5086274 632247 273 5 258 ‐55 Glencoe RC

H‐1 5087288 635484 230 7.62 180 ‐45 Glencoe DDH

H‐2 5086662 635436 203.4 145.1 0 ‐45 Glencoe DDH

H‐3 5086662 635436 203.1 59.4 180 ‐45 Glencoe DDH

H‐4 5086545 635395 185.2 134.1 180 ‐45 Glencoe DDH

H‐5 5086545 635395 185.1 167.6 0 ‐45 Glencoe DDH

I‐1 5087175 632111 250.8 166.1 235 ‐45 Glencoe DDH

I‐2 5087140 632003 249.5 167.6 235 ‐45 Glencoe DDH

I‐3 5087033 631887 252.7 167.6 235 ‐45 Glencoe DDH

I‐4 5086991 631765 248.8 167.6 235 ‐45 Glencoe DDH

J‐1 5086551 632315 252.064 167.6 235 ‐45 Glencoe DDH

J‐2 5086491 632216 258 166.4 235 ‐45 Glencoe DDH

J‐3 5086384 632114 262.8 167.6 235 ‐45 Glencoe DDH

J‐4 5086342 631999 262.8 81.1 235 ‐45 Glencoe DDH

K‐1 5085987 632629 245.9 167.6 235 ‐45 Glencoe DDH




Hole Number

Northing (m)

Easting (m)

Elevation (m)

Depth (m)

Azimuth (Deg)


K‐2 5085953 632521 257.3 170.7 235 ‐45 Glencoe DDH

K‐3 5085833 632420 263.5 167.6 235 ‐45 Glencoe DDH

K‐4 5086219 632962 207.4 167.6 235 ‐45 Glencoe DDH

K‐5 5086150 632846 207.4 117.7 235 ‐45 Glencoe DDH

K‐6 5086069 632749 225.2 106.7 235 ‐45 Glencoe DDH

KPD2011‐060 5093025 635239 233 2.13 360 ‐90 Kewstoke PD

KPD2011‐062 5093050 635244 234.2 2.13 360 ‐90 Kewstoke PD

KPD2011‐063 5093070 635243 234.7 2.13 360 ‐90 Kewstoke PD

KPD2011‐064 5093094 635235 238.8 1.98 360 ‐90 Kewstoke PD

KPD2011‐065 5093115 635235 239.3 2.44 360 ‐90 Kewstoke PD

KPD2011‐066 5093134 635229 244.5 2.13 360 ‐90 Kewstoke PD

KPD2011‐067 5093164 635219 242.4 2.44 360 ‐90 Kewstoke PD

KPD2011‐068 5093178 635208 242.6 3.51 360 ‐90 Kewstoke PD

KPD2011‐069 5093200 635188 244.3 1.98 360 ‐90 Kewstoke PD

KPD2011‐070 5093213 635180 242.6 2.44 360 ‐90 Kewstoke PD

KPD2011‐071 5093227 635170 240 3.35 360 ‐90 Kewstoke PD

KPD2011‐072 5093219 635195 243.6 3.05 360 ‐90 Kewstoke PD

KPD2011‐073 5093221 635216 239 3.05 360 ‐90 Kewstoke PD

KPD2011‐074 5093241 635154 238.1 3.66 360 ‐90 Kewstoke PD

KPD2011‐075 5093258 635137 254.6 3.96 360 ‐90 Kewstoke PD

KPD2011‐076 5093265 635115 241.9 4.27 360 ‐90 Kewstoke PD

KPD2011‐077 5093276 635095 244.1 3.51 360 ‐90 Kewstoke PD

KPD2011‐078 5093308 635015 244.5 3.05 360 ‐90 Kewstoke PD

KPD2011‐079 5093315 634995 240.2 3.51 360 ‐90 Kewstoke PD

KPD2011‐ 5092027 635016 240 1.83 360 ‐90 Kewstoke PD




Hole Number

Northing (m)

Easting (m)

Elevation (m)

Depth (m)

Azimuth (Deg)


080

KPD2011‐082 5092016 635015 240 2.74 360 ‐90 Kewstoke PD

KPD2011‐083 5092009 635009 240 4.27 360 ‐90 Kewstoke PD

KPD2011‐084 5092001 635005 240 3.05 360 ‐90 Kewstoke PD

KRC‐1 5093178 635569 230 5 0 ‐90 Kewstoke RC

KRC‐10 5093160 635515 233 5 0 ‐90 Kewstoke RC

KRC‐11 5093156 635512 233 5 0 ‐90 Kewstoke RC

KRC‐12 5093152 635509 233 5 0 ‐90 Kewstoke RC

KRC‐2 5093178 635564 230 5 0 ‐90 Kewstoke RC

KRC‐3 5093178 635559 230 5 0 ‐90 Kewstoke RC

KRC‐4 5093178 635554 231 5 0 ‐90 Kewstoke RC

KRC‐5 5093180 635529 232 5 0 ‐90 Kewstoke RC

KRC‐6 5093177 635525 232 5 0 ‐90 Kewstoke RC

KRC‐7 5093173 635522 233 5 0 ‐90 Kewstoke RC

KRC‐8 5093169 635520 233 5 0 ‐90 Kewstoke RC

KRC‐9 5093165 635517 233 5 0 ‐90 Kewstoke RC

L‐1 5086993 633911 230.6 167.6 180 ‐45 Glencoe DDH

L‐2 5086863 633903 245.7 167.6 180 ‐45 Glencoe DDH

L‐3 5086744 633895 247.9 167.6 180 ‐45 Glencoe DDH

L‐4 5086604 633894 247.9 213.4 180 ‐45 Glencoe DDH

M‐1 5087138 634559 259.6 167.6 180 ‐45 Glencoe DDH

M‐2 5086993 634553 255.1 167.6 180 ‐45 Glencoe DDH

M‐3 5086853 634539 241.7 114.3 180 ‐45 Glencoe DDH

M‐4 5087259 634561 269.3 167.6 180 ‐45 Glencoe DDH

N‐1 5087316 635010 248.7 82.3 180 ‐45 Glencoe DDH

N‐2 5087305 635001 248.7 59.1 0 ‐45 Glencoe DDH

88-01

88-04

88-05

74-31

74-33

74-34

74-35

74-3674-38

74-39

74-40

74-41

74-42

74-43

74-44

74-46

74-47

74-48

74-49

75-52

75-53

75-5475-55

75-56

75-57

75-58

75-59

75-60

A-01

A-02

A-03

A-04

A-05

A-06

B-01

B-02

B-03

B-04

B-05

B-06

B-07

B-08

C-01

C-02

C-03

C-04

C-05

C-06

C-09

C-10

D-01

D-02

D-03

D-04

D-05

D-06

D-07

D-08

D-09

D-10

D-11

D-12

D-13

E-01

E-02

E-03

E-04

E-05

E-06

E-07

E-08

F-01

F-02

F-03

F-04

F-05

F-06

G-01

G-02

G-03

G-04

G-05

H-01

I-01

I-02

I-03I-04

J-01

J-02

J-03

J-04

K-01

K-02

K-03

K-04

K-05

K-06

L-01

L-02

L-03

L-04

M-01

M-02

M-03

M-04

N-01

N-02

88-17

88-10

88-0888-09

88-16

88-12

88-15

88-13

88-11

88-06

88-07

88-14

88-03

88-02

63

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63

60

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635

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63

30

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5 085 000 mN

5 086 000 mN

5 087 000 mN

632

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5 088 000 mN

GRC-32

GRC-30

GRC-28

GRC-26

GRC-24

GRC-22

GRC-33

GRC-31

GRC-29

GRC-27

GRC-25

GRC-23

GRC-4

GRC-9

GRC-14

GRC-6

GRC-2

GRC-3

GRC-1

GRC-20

GRC-18GRC-16

GRC-21

GRC-19

GRC-17

GRC-12GRC-10

GRC-8

GRC-15GRC-13

GRC-11

GRC-7

GRC-5

Glencoe Resources Inc

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2013 BLOCK MODEL OUTLINE 430 MILLION TONNES @49.7% CAO (43% CAO CUTOFF)

CONSULTEC PIT OUTLINE

EASTERN AREA NOT ESTIMATED AT PRESENT

UNDRILLED AREA WITH POTENTIAL

OCTOBER 2013 UPDATE

Date post:	12-Dec-2020
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