FIRST YEAR ASSESSMENT REPORT ON MINERAL...

FIRST YEAR ASSESSMENT REPORT ON MINERAL EXPLORATION ON THE MUSTANG TREND PROJECT, MAP STAKED LICENSES

13256M, 13257M, 13258M & 13259M. BOTWOOD BASIN, CENTRAL NEWFOUNDLAND, NTS SHEETS 2D11, 2D14 & 2D15

for

Altius Resources Inc. Suite 300, 53 Bond Street, St. John’s, Newfoundland, A1C 1S9.

by

Dale O’ Reilly, B.Sc. (Hons), Jacqueline O’ Driscoll, M.Sc.,

Lawrence Winter, Ph.D., P.Geo. &

Rodney A. Churchill, M.Sc., P.Geo.

JUNE 2008

SUMMARY The Mustang Trend Project is comprised of 5 mineral licenses totaling 106 claims. The licenses are situated in central Newfoundland, near the town of Glenwood and extend from the northwestern side of Gander Lake to the Beaver Brook Antimony Mine, approximately 45 kilometres southwest of the Trans Canada Highway. The claims are located on parts of NTS sheets 2D/11, 14 and 15, and access to all parts of the licenses can be obtained via forest access roads. The Mustang trend properties are located in the northeastern part of the Exploits Subzone of the Dunnage tectonostratigraphic zone of Newfoundland. The Exploits Subzone includes Cambro-Ordovician ophiolitic rocks, early Paleozoic island-arc and back-arc derived sedimentary and volcanic rocks, post-accretion Silurian sedimentary and volcanic rocks, and Siluro-Devonian intrusive rocks. The Mustang Trend is underlain principally by Botwood, Indian Islands and Davidsville Group lithologies. Previous mineral exploration work on the Mustang Trend consisted mainly of late 1980’s vintage gold exploration. Resultant discoveries include the Mustang Prospect, several other epithermal gold prospects in the Northwest Gander-Glenwood-Gander area and the Beaver Brook antimony deposits. The Mustang Trend Project was assembled by Altius in late 2001 to cover areas containing geological features indicative of potential for Carlin-style gold mineralization, and the property was optioned to Barrick Gold Corporation. Reconnaissance exploration in 2002 resulted in the discovery of several new gold showings. These include: the Road Breccia, Barite, Jasperoid, O’Reilly, O’Reilly Trend Extension and Cherry Hill showings. Of particular significance for comparison to the Carlin model is the occurrence of true jasperoid that is anomalous in gold. Exploration in 2003 consisted of 1:10,000 scale geological mapping, stream sediment sampling, and minor prospecting in the Jasperoid-Northwest Gander River area. A soil orientation survey, comprising MMI, A-and B-horizons, and bio-geochem, was conducted over gold mineralization at the Mustang and O’Reilly Prospects in order to determine an optimum method for regional geochemical surveying. In addition, the 2003 exploration resulted in discovery of new gold showings at Clark’s Brook, several new showings in the O’Reilly area, and an extension of the Barite Prospect mineralization. However, exploration on the property was curtailed in late July when Barrick terminated their option. A total of 10.7 line kilometres were cut over the Jasperoid, Clark’s Brook, O’Reilly and Cherry Hill zones in 2004. 836 soil samples were collected on these lines, as well as recce tie-lines, however the samples were not analysed and remained in storage (at Altius’ core shed in Bishop’s Falls) until December 2007. In addition, an undergraduate honours thesis, on the O’Reilly Prospect, was completed by the first author of this report, at Memorial University of Newfoundland in 2005. No further work was done on the project and the claims were reduced in 2005 and eventually lapsed in 2006. The most prospective showings were re-staked in March 2007. The Mustang Trend Project remains highly prospective for hosting an economic concentration of gold. Major auriferous showings in the Jasperoid area, Clark’s Brook area and O’Reilly area have seen no detailed evaluation, despite auriferous jasperoids similar to deposits of the Carlin Trend, and assay values up to 30.49 g/t gold. Favorable Indian Islands Group limestones are widespread throughout the property. Overburden geochemistry, geophysics, additional trenching and shallow diamond drilling will be required to develop targets within these favorable lithologies because of very poor bedrock exposure.

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TABLE OF CONTENTS

SUMMARY .......................................................................................................................... I

1.0 INTRODUCTION ........................................................................................................... 1 1.1 LOCATION, ACCESS & INFRASTRUCTURE ............................................................................................. 1 1.2 PHYSIOGRAPHY ....................................................................................................................................... 1 1.3 PROPERTY SUMMARY AND CLAIMS STATUS ......................................................................................... 4 1.4 PREVIOUS WORK ..................................................................................................................................... 4

2.0 GEOLOGY ................................................................................................................... 6 2.1 TECTONOSTRATIGRAPHIC SETTING ....................................................................................................... 6

3.0 REGIONAL GEOLOGY ................................................................................................ 8 3.1 LITHOLOGIC UNITS .................................................................................................................................. 8

3.1.1 Mafic Dikes ....................................................................................................................................... 8 3.1.2 Mount Peyton Intrusive Suite ......................................................................................................... 8 3.1.3 Indian Islands Group ...................................................................................................................... 9 3.1.4 Botwood Group .............................................................................................................................. 9 3.1.5 Badger Group ................................................................................................................................. 9 3.1.6 Davidsville Group .......................................................................................................................... 10

3.2 STRUCTURAL SETTING ............................................................................................................................ 10

4.0 2004 GEOCHEMICAL RESULTS AND DISCUSSION ................................................... 11 4.1 INTRODUCTION ..................................................................................................................................... 11 4.2 RESULTS ................................................................................................................................................... 11

5.0 RECOMMENDATIONS FOR ADDITIONAL WORK ...................................................... 11 5.1 JASPEROID AREA................................................................................................................................... 11 5.2 CLARK’S BROOK AREA ......................................................................................................................... 15 5.3 CHERRY HILL / O’REILLY AREA .............................................................................................................. 15

6.0 REFERENCES .............................................................................................................. 16

LIST OF FIGURES Figure 1. Property Location Map .................................................................................................................... 2 Figure 2. Claim Location Map ........................................................................................................................ 3 Figure 3. Tectonostratigraphic Zones of Newfoundland ............................................................................ 7 Figure 4. Jasperoid Soil Samples ................................................................................................................... 12 Figure 5. Clark’s Brook Soil Samples ............................................................................................................. 13 Figure 6. Cherry Hill Soil Samples ................................................................................................................... 14

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ALTIUS RESOURCES INC. iii

LIST OF APPENDICES APPENDIX 1. List Of Contractors And Personnel; Statement Of Expenditures ........................................ 1 APPENDIX 2. Jasperoid Soil Samples Assay Certificate ............................................................................... 2 APPENDIX 3. Clark’s Brook Soil Samples Assay Certificate ......................................................................... 3 APPENDIX 4. Cherry Hill And O’Reilly Soil Samples Assay Certificate ....................................................... 4

1.0 INTRODUCTION The Mustang Trend claim group was staked in 2001, targeting geology considered to be prospective for hosting Carlin-type gold mineralization. The properties were optioned to Barrick Gold Corp. in 2002, and a reconnaissance program of prospecting and till geochemistry was conducted over the property, followed-up by trenching of anomalous areas. This resulted in discovery of several new gold and jasperoid occurrences, and in the delineation of four main target areas, the Mustang, Jasperoid, O’Reilly and Cherry Hill areas. Exploration in 2003 focused on advancing the four areas, but was curtailed in mid-summer when Barrick withdrew from the joint venture. The work completed in 2003 did result in the discovery of new gold showings (the Clark’s Brook showings), and in the advancement of the geological understanding of the project area. A linecutting and soil sampling program was conducted in 2004. Furthermore, an undergraduate honours thesis was completed at Memorial University of Newfoundland in 2005. The focus of the thesis was a geological, geochemical and petrological investigation of the O’Reilly Prospect. No further work was done on the project and the claims were reduced in 2005 and allowed to lapse in 2006. Some of the more prospective showings were re-staked in March 2007. This report documents the geochemistry of soils collected in 2004 but not analysed until 2007. 1.1 LOCATION, ACCESS & INFRASTRUCTURE The Mustang Trend properties extend from the northwest side of Gander Lake to the Beaver Brook antimony mine, approximately 45 kilometres southwest of the Trans Canada Highway (TCH) in central Newfoundland (Figure 1). The claims are situated southwest of the town of Glenwood, which is located on the TCH, approximately 25 kilometres west of an international airport in Gander (Figures 1 and 2). The claims are located on parts of NTS sheets 2D/11, 14 and 15. An extensive network of forestry access roads, some of which emanate from the TCH, provide access to most of the claim group. A major forestry access road (Salmon Pond Resource Road) extends for approximately 50 kilometres southwest from Glenwood to the Beaver Brook antimony mine. Power lines cross several parts of the claim group. Shipping is conducted from neighbouring coastal ports year-round. 1.2 PHYSIOGRAPHY The Mustang Trend claims cover an area of gently undulating topography, with the central (Clark’s Brook) and southern (Cherry Hill) claims occurring on a gentle slope that dips southeast towards the Northwest Gander River. Numerous small streams flow east to southeastward toward the regional watershed. The property

ALTIUS RESOURCES INC. 1

St.Anthony

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ALTIUS RESOURCES INC.License(s)

13256M/13257M13258M/13259M

MUSTANG TREND PROJECT

Property Location Map

Date Printed:

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R. Churchill

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NAD 27, Zone 21

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6101M6101M6101M6101M6101M6101M6101M6101M6101M

MustangMustangMustangMustangMustangMustangMustangMustangMustang

13259M13259M13259M13259M13259M13259M13259M13259M13259MRoad BrecciaRoad BrecciaRoad BrecciaRoad BrecciaRoad BrecciaRoad BrecciaRoad BrecciaRoad BrecciaRoad Breccia

Careless CoveCareless CoveCareless CoveCareless CoveCareless CoveCareless CoveCareless CoveCareless CoveCareless Cove

BariteBariteBariteBariteBariteBariteBariteBariteBariteJasperoidJasperoidJasperoidJasperoidJasperoidJasperoidJasperoidJasperoidJasperoid

Clarkes BrookClarkes BrookClarkes BrookClarkes BrookClarkes BrookClarkes BrookClarkes BrookClarkes BrookClarkes Brook

013256M013256M013256M013256M013256M013256M013256M013256M013256M

13257M13257M13257M13257M13257M13257M13257M13257M13257M

ContactContactContactContactContactContactContactContactContactO' ReillyO' ReillyO' ReillyO' ReillyO' ReillyO' ReillyO' ReillyO' ReillyO' Reilly

13258M13258M13258M13258M13258M13258M13258M13258M13258M

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5,426,000 mN

J. O' Driscoll

UTM Zone 21 (NAD 27)

2D/11/14/15

Botwood Basin, Central Newfoundland


Claim Location Map

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Grey to buff, thick to thin bedded, sandstone, wacke, and siltstone with minor isolated chertlenses and black shale beds

Thin bedded, grey to green siltstone and shale with greywacke and pebble conglomerate

Limestone, limestone breccia and calcareous siltstone containing local beds of fossils andfossil debris

Variable; red, silicified and hematite-bearing, ultramafic breccia to massive to sheared,layered to uniform, serpentinized peridotite

White, coarse-grained, and black, medium-grained, hornblende gabbro and black diabase;gabbro locally displays a weak mineral alignment

Dark green, massive, medium to fine-grained, diabasic dikes, typically non-magnetic

Devonian or Younger

Silurian - Devonian

Mount Peyton Intrusive SuiteGabbro, diorite, tonalite

Bear Pond Gabbro

Silurian

Great Bend Gabbro

Indian Islands Group

Botwood Group

Goldson Conglomerate

Pink, aplitic to medium-grained equigranular, potassium feldspar-rich granite

Legend (Geology)

Black and white, medium to coarse-grained, layered to uniform, hornblende gabbro

Shallow marine, maroon, thin bedded siltstone and sandstone,commonly with strong iron carbonate alteration, locally calcareous

Terrestrial sandstone and siltstone

Coarse, grey and red polymictic conglomerate, grey sandstone and quartzite, minor greywacke

Ordovician

Davidsville Group

Black graphitic shale, locally fossil bearing

Spruce Brook FormationPoly-deformed, greywacke sandstone, siltstone and slate, with lesser quartz-richsandstone, green slate and siltstone

Cambrian to Early Ordovician

Great Bend Ultramafic Complex

Marine pale green to grey, thin bedded siltstone with intercalated sandstone beds,commonly with strong iron carbonate alteration; locally calcareous

Soil Sample Grid LocationsSoil Sample Grid LocationsSoil Sample Grid LocationsSoil Sample Grid LocationsSoil Sample Grid LocationsSoil Sample Grid LocationsSoil Sample Grid LocationsSoil Sample Grid LocationsSoil Sample Grid Locations

is covered by an extensive, but generally thin till cover, interrupted by thick glacial outwash deposits that fill river valleys. The glacial deposits are commonly clay-rich, resulting in poor drainage and wet ground conditions, with numerous bogs of varying sizes constituting up to 10-20% of the area. The thickness of till is typically three to six metres, but locally exceeds ten metres. Bedrock exposure on the properties is minimal. Ground cover is typically boreal forest, consisting of coniferous trees mixed with lesser deciduous trees. Logging has been ongoing since the 1920’s, and most of the property is now covered by varying stages of thick re-growths of fir, spruce, alder, birch, and aspen. 1.3 PROPERTY SUMMARY AND CLAIMS STATUS All mineral licenses pertaining to the Mustang Trend are summarized below and all licenses remain in good standing since sufficient work was completed prior to the work due dates.

Property Name

License Number

Number of Claims

Year of Tenure

Issuance Date

Anniversary Date

Mustang 6101M 25 10th 01-June-1998 01-June-2008

Clark’s Brook 13256M 35 1st 29-Mar-2007 29-Mar-2008

Cherry Hill 13257M 18 1st 29-Mar-2007 29-Mar-2008

Cherry Hill 13258M 12 1st 29-Mar-2007 29-Mar-2008

Jasperoid 13259M 16 1st 29-Mar-2007 29-Mar-2008

1.4 PREVIOUS WORK The following is a summary of the previous work conducted on the Mustang Trend. 1986-1989 Noranda Exploration Company Ltd. conducted gold exploration

covering the Beaver Brook, Glenwood to Gander area and northeast to the coast. Exploration included prospecting, geological mapping, lake sediment sampling, and overburden geochemistry. This work resulted in the discovery of auriferous boulders, and of several areas of gold mineralization in bedrock, including the Mustang Prospect, which is included in the current Mustang Trend property. A large line grid was established over the latter mineralization, and surveyed with soil geochemistry, and with VLF-EM, magnetic, and IP-Resistivity geophysical surveys. Trenching and twelve diamond drill holes delineated two major zones of silicification and brecciation, the Mustang and Piper Zones, which contain gold values up to 12.23 g/t


gold over 2.0 metres in trenching, and up to 2.74 g/t gold over 1.1 metres of drill core. Exploration at Beaver Brook resulted in delineation of three zones of antimony mineralization, the West, Central and East zones.

1993-1996 The Mustang Prospect was held by Philip Saunders, who did a

compilation of the Noranda work, some repeat channel sampling of the Noranda trenches, and a limited amount of prospecting.

1994-1997 Roycefield Resources Ltd. acquired the Beaver Brook Property,

conducted additional diamond drilling, and developed a small underground mining operation on the East Zone as well as a 400-tpd mill. Operations were suspended in late 1997 due to low antimony prices.

1997-1998 During the period of June to December 1998, Altius Resources Inc.

conducted prospecting, and trench re-examination and sampling on the Mustang Prospect. Five lines from the old Noranda grid were refurbished and surveyed with multi-dipole IP. Ten drill holes, totalling 1197.56 metres, were drilled on the Mustang and Piper gold bearing zones.

1998-2003 In 1998 Altius Resources Inc. initiated the Botwood Basin Gold Project,

which covers much of north-central Newfoundland. Following regional research and reconnaissance in 2000-2001, a large area, termed the Mustang Trend Project, was staked in late 2001. The project was optioned to Barrick Gold Corporation, and a program of reconnaissance prospecting and till sampling, followed-up by trenching, was carried out in 2002. Several new showings of gold mineralization were detected. Exploration under this joint venture agreement continued in 2003 and consisted of 1:10,000 scale geological mapping, stream sediment sampling, and minor prospecting in the Jasperoid-Northwest Gander River area. A soil orientation survey, comprising MMI, A-and B-horizons, and bio-geochem, was conducted over gold mineralization at the Mustang and O’Reilly Prospects in order to determine an optimum method for regional geochemical surveying. In addition, the 2003 exploration resulted in discovery of additional new gold showings. However, exploration on the property was curtailed in late July when Barrick terminated their option.


2004 – 2005 Altius continued to explore the Mustang Trend properties in 2004 by carrying out a linecutting and soil sampling program. A total of 10.7 line kilometres were cut and 836 soil samples were collected on the Jasperoid, Clark’s Brook, O’Reilly and Cherry Hill zones. The samples were organized and securely packed into boxes however were not analysed until December 2007. There was minimal field exploration conducted on the Mustang Trend Project in 2005 however an undergraduate honours thesis was completed, by the first author of this report, at Memorial University of Newfoundland in 2005. The thesis’ main focus was a geological, geochemical and petrological examination of the O’Reilly Prospect. No further work was done in the area and the claims eventually lapsed in 2006.

2.0 GEOLOGY 2.1 TECTONOSTRATIGRAPHIC SETTING The island of Newfoundland presents a cross-section through the northern part of the Appalachian Orogen. Four major tectonostratigraphic zones have been identified, and termed, from west to east, the Humber, Dunnage, Gander and Avalon zones (Williams, 1978a,b) (Figure 3). These zones record the opening, closing and destruction of the Iapetus Ocean in the early- to mid-Paleozoic (Williams et al., 1988). The Humber Zone represents the eastern margin of Laurentia, and consists of Precambrian crystalline rocks overlain by Paleozoic shelf facies rocks. The Avalon Zone represents the western margin of Gondwana, comprising late Precambrian plutonic, volcanic and sedimentary rocks overlain by Paleozoic platformal sedimentary units. Rocks of the Gander Zone record the development and destruction of a continental margin east of the Iapetus Ocean (McKerrow and Cocks, 1977, 1986; Wonderly and Neumann, 1984). The Dunnage Zone represents vestiges of the Iapetus Ocean and later accreted island-arc systems and mélanges. The Dunnage Zone records pre-accretionary, Cambrian to Middle Ordovician, island-arc and back-arc basin development, characterized by widespread volcanic and distal turbiditic units. Volcanism ceased in the Middle-Ordovician, and was followed by black shale deposition, and then flyschoid development within fault-bounded basins associated with continued closure of Iapetus (Williams et al., 1988). Post-accretion, regional-scale transcurrent faults were re-activated to create pull-apart basins, within which fluviatile to shallow marine sediments were deposited (Williams, 1967). Fault development was accompanied by crustal anatexis, resulting in widespread epicontinental-style volcanism (Coyle and


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Precambrian crystalline, Laurentian basement overlain by youngershelf-facies rocks and allochthonous oceanic sedimentary/ophioliticrocks.

NOTRE DAME SUBZONE: dominantly Cambrian to MiddleOrdovician submarine volcanic rocks and ophiolitic suitesunconformably overlain by non-marine Silurian overlap sequences.

EXPLOITS SUBZONE: dominantly Cambrian to Mid-Ordovicianoceanic sedimentary rocks with intercalated volcanic rocks overlainby Mid- to Late Ordovician black shales that pass conformablyinto turbidite deposits that in turn pass into shallow marine andnon-marine Silurian strata.

Cambro-Ordovician, variably metamorphosed, quartz-richsiliciclastic rocks of continental slope origin (GANDER LAKESUBZONE) and inferred structral windows through the DunnageZone (MOUNT CORMACK AND MEELPAEG SUBZONES).

Late Proterozoic submarine and terrestrial volcanic rocks andturbiditic, deltaic and fluviatile sedimentary rocks unconformablyoverlain by a younger shallow marine succession having distinctiveAcado-Baltic faunal assemblages.

HUMBER ZONE

TECTONOSTRATIGRAPHIC ZONATIONS

DUNNAGE ZONE

GANDER ZONE

AVALON ZONE

Rocks of ophiolitic affinity - may include mafic intrusiveand extrusive rocks as well as ultramafic lithologies

Post-Ordovician intrusive rocks including felsic and maficintrusive lithologies

Post-Ordovician overlap sequences including shallowmarine and non-marine sedimentary and volcanic rocks

Regional scale fault and shear systems that delineateboundaries between adjacent tectonostratigraphic zones

MAJOR GEOLOGICAL ELEMENTS

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ALTIUS RESOURCES INC.License(s)

13256M/13257M13258M/13259M

MUSTANG TREND PROPERTY

Tectonostratigraphic Zones

Date Printed:

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08-May-08

R. Churchill

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UTM:

Scale:

Figure No:

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As Shown

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Filename: Figure_02.cdr

Strong,1987). The Dunnage Zone is divided into two subzones, the Notre Dame and Exploits subzones, believed to have formed on opposite sides of the Iapetus Ocean (Colman-Sadd et al., 1992). The Mustang trend properties are located in the northeastern part of the Exploits Subzone of the Dunnage tectonostratigraphic zone of Newfoundland, close to the boundary with the Gander zone to the east. This boundary is marked by a discontinuous belt of ophiolitic rocks (Gander River Complex, O’Neill and Blackwood, 1989), but where these are absent, rocks of the two zones are interpreted to have a locally conformable relationship (Blackwood, 1982). Exploits Subzone lithologies include Cambro-Ordovician ophiolitic rocks, early Paleozoic island-arc and back-arc derived sedimentary and volcanic rocks, post-accretion Silurian sedimentary and volcanic rocks, and Siluro-Devonian intrusive rocks. Gander Zone lithologies comprise Cambro-Ordovician shelf-facies semipelite, pelite and psammite.

3.0 REGIONAL GEOLOGY 3.1 LITHOLOGIC UNITS Summary descriptions of lithological groups and intrusive units underlying the Mustang Trend, from youngest to oldest, are provided below (refer to figure 2). 3.1.1 Mafic Dikes Small mafic dikes of unknown absolute age are noted along the Mustang Trend, particularly in the northern section. These are presumably Devonian or younger as they cut Late Silurian calcareous sedimentary units. The dikes appear to be preferentially emplaced along certain east-west and northeast-trending structures. They are tholeiitic in composition, leucoxene-rich and strongly magnetic. Typically, the dikes are massive and undeformed, but locally exhibit a very weak foliation that could be igneous in origin. The dikes pre-date mineralization and are locally altered to a carbonate(?)-sericite-illite-pyrite-clay assemblage accompanied by anomalous gold values. 3.1.2 Mount Peyton Intrusive Suite The surface expression of the Mount Peyton Intrusive Suite consists dominantly of fine-grained, equigranular, massive to locally layered gabbro, which in the south part of the Mount Peyton Intrusive Suite, at Caribou Hills, has been dated at 424 ± 2 Ma (U-Pb zircon, Dunning, 1992). The gabbro is intruded by buff to pink, leucocratic biotite granite of uncertain absolute age. The Mount Peyton Intrusive Suite has been modeled by geophysical studies as a number of inwardly dipping blocks that extend downward for several kilometers (Miller and Thakwalakwa, 1992). It clearly intrudes rocks of the Late Ordovician to Early Silurian Point


Leamington Formation, but has not been observed in intrusive contact with the Botwood Group to the west or the Indian Islands Group to the east. 3.1.3 Indian Islands Group The Indian Islands Group consists of several formations of variably calcareous sedimentary rocks and rare massive limestone of Late Silurian to possible Early Devonian age. In the northern part of the Mustang Trend, the base of the group is composed of a coarse, fossiliferous limestone breccia, with intercalated limestone and buff-weathering shale that rest disconformably on older black shale and argillite of Early Silurian age or older. Variably calcareous, gray to dark gray siltstone and shale, and minor gray and green siltstone mark the middle of the stratigraphy. Locally, these pass upward into calcareous maroon siltstone, indicating very shallow marine to terrestrial deposition marking the top of the Indian Islands Group. The Indian Islands Group is possibly contemporaneous with the Botwood Group but is separated by a significant regional tectonic feature known as the Dog Bay Line (Williams, 1993). 3.1.4 Botwood Group The Botwood Group is an extensive, thick, subaerial volcanic and sedimentary sequence that overlies the Badger Group (Williams, 1993). It is composed of a basal volcanic formation, the Laurenceton Formation, and an upper sedimentary formation called the Wigwam Formation. Both are thought to have formed in an epicontinental tectonic setting, and reflect deposition under subaerial to shallow marine conditions. The Laurenceton Formation is bimodal in nature, consisting of a lower rhyolite unit succeeded by a basaltic unit that is commonly hematitic. The Wigwam Formation is interpreted as a terrestrial sequence dominated by fluviatile sedimentation (Dickson, 1994). It is subdivided into an upper and lower unit (Colman-Sadd, 1994: Dickson, 1994). The lower unit is dominated by thick-bedded, variably colored (red, green, beige) sandstone. Thin-bedded siltstone and sandstone, and thick-bedded conglomerate are also present. Sedimentary features include parallel and cross laminations, graded bedding, mud cracks, rippled surfaces, and soft-sediment deformation. White mica is a prominent detrital component of the unit. The lower unit of the Wigwam Formation is interpreted to be in stratigraphic contact with the Laurenceton Formation, and in thrust contact with the upper unit of the Wigwam Formation (Dickson, 1994). A single fossil location, within the upper unit of the Wigwam Formation, indicates Ludlovian to Gedinnian (Late Silurian) age (Boyce and Ash, 1994; [412-423 Ma; Tucker and McKerrow, 1995]). 3.1.5 Badger Group The Badger Group is an upward coarsening turbidite sequence overlying deep marine black shales (Williams, 1993). It is composed of formations representing molasse and flyschoid styles of sedimentation deposited in earliest Post-Caradocian Ashgill to Llandovery (Early Silurian) sedimentary basins. It may


represent a transitional sequence between deep marine sedimentary sequences, and shallow marine to terrestrial sequences, that heralded the incipient stages of the destruction and closure of the Iapetus Ocean. The Goldson Formation is an oligomictic and polymictic, locally resedimented conglomerate, with an interbedded siltstone sequence that probably formed along the upper and middle portions of a series of submarine fan deltas. 3.1.6 Davidsville Group The Davidsville Group is composed of polydeformed greywacke, sandstone, shale, argillite, black graptolitic slate and granule conglomerate of Middle Ordovician age. These deep marine sedimentary rocks formed as a distal back-arc turbidite sequence, which was derived from the volcanic arcs to the west, and deposited unconformably upon an ophiolitic basement (Blackwood, 1982). These are preserved as incomplete Bouma sequences that formed along the lower to middle portions of submarine fans. 3.2 STRUCTURAL SETTING Regional deformation, metamorphism and plutonism within the eastern Dunnage Zone occurred during Late Silurian to Devonian times. Both Ordovician and Silurian rocks contain a regional, northeast trending, penetrative cleavage which is axial planar to isoclinal folds (Blackwood, 1982). Second phase deformation structures consist of small conjugate kink bands and open to tight, gently southward-plunging minor folds, which fold the S1 cleavage (Blackwood, 1982). The rocks typically display lower greenschist facies metamorphic mineral assemblages. Northeast trending fault systems are common throughout the eastern Dunnage Zone. One of these fault systems is the Dog Bay Line, which may represent the terminal suture for closure of the Iapetus Ocean. The line is described as a major, regional-scale mélange zone that runs parallel to, but separates, different rock groups in northeast Newfoundland. West of the line, terrestrial volcanic rocks and sandstone of the Botwood Group overlie marine greywacke and conglomerate of the Badger Group that had already been accreted to Laurentia. East of the line, red sandstone overlies shallow marine shales and limestone of the Indian Islands Group, which were deposited on Ordovician rocks already amalgamated with the continental Gander Zone. Near the north coast of Newfoundland, a disrupted zone of dark gray to black shale, volcanic rock and gabbro marks the line (Williams et al., 1993). Pervasive dextral, transpressive ductile deformation followed successively by more brittle extension with renewed dextral movements mark the northwest side of the line. Dextral offset along the line is deduced to be in the order of tens of kilometers, and timing of major movement, as well as a Silurian marine to terrestrial depositional change recorded on both sides of the line, agree within error with isotopic ages for the onset of plutonism, regional deformation, and metamorphism in central Newfoundland.


4.0 2004 GEOCHEMICAL RESULTS AND DISCUSSION 4.1 INTRODUCTION In 2007, Altius re-staked the most prospective areas of the Mustang Trend namely the Jasperoid, Clark’s Brook, O’Reilly and Cherry Hill zones. Minor compilation work, on existing datasets, was completed and the soil samples previously collected, covering Altius’ current claims, were analyzed. The following section pertains to the geochemical analyses of the soil samples. Sampling methodology and descriptions were presented in an earlier report (O’Reilly and Churchill, 2004) and are not included within. As previously mentioned, the samples were collected in 2004 but were not analysed until December 2007. The samples (n=836) were securely stored at Altius’ core shed in Bishop’s Falls until the selected samples were delivered, by Altius personnel, to Eastern Analytical Ltd. of Springdale, NL. A total of 709 samples were analysed for gold using a ½ assay ton fire assay with atomic absorption finish. In addition, a 30-element ICP-MS geochemical package was used for trace element geochemistry. The assay certificates are enclosed with this report as appendices 2, 3 and 4. 4.2 RESULTS A total of 709 soil samples were analyzed. 497 out of 505 samples were analyzed from the Jasperoid claim block (refer to figure 4 for a map of sample locations). The remaining 8 samples had deteriorated and were not analysed. The best results from this series of samples were: 7473 = 78 ppm Au; 7475 = 27 ppm Au; 7250 = 38 ppm Sb; 7301 = 25 ppm Sb; 7672 = 2.6 ppm Ag; 7345 = 1530 ppm Pb; 7413 = >2200 ppm Zn. 71 samples were analyzed from the Clark’s Brook soil grid (refer to figure 5 for a map of sample locations). This series of soils had no gold anomalies however did exhibit weak Mo and Pb enrichment. A total of 141 samples were analyzed from the Cherry Hill and O’Reilly soil grids (refer to figure 6 for a map of sample locations). The best results from this series of samples were: 7831 = 31 ppm Au; 7880 = 27 ppm Au; 7786 = 53 ppm Sb. In addition, some samples exhibited very weak Mo enrichment.

5.0 RECOMMENDATIONS FOR ADDITIONAL WORK 5.1 JASPEROID AREA Due to the lack of geochemical response from soil and till surveys, further surveys of this nature are not recommended for this area. Due to the lack of exposure, it is proposed that further work on these properties should concentrate on exploring the sub-surface of the mineralized zones at the actual showings to get a better



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J. O' Driscoll


2D/11/14/15


Figure No:

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2D/11/14/15


Clarke's Brook Soil Samples

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J. O' Driscoll

2D/11/14/15


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understanding of the stratigraphy and mineralization in the bedrock. Thus, a short, shallow diamond drill program is recommended for this area. 5.2 CLARK’S BROOK AREA Further work is recommended on the Clark’s Brook Showings. The current soil survey was conducted on the western portion of the claim block where soil sampling was favorable. However, the most prospective region of this claim block occurs on the eastern portion where mineralized sub-crop (up to 24 g/t Au) is located in the brook. Soil geochemistry is not recommended in this area due to the proximity to Clark’s Brook, overall boggy ground and abundance of glacial outwash material present. It is proposed that EM surveys be conducted over both grids, as proposed by Barbour and Churchill (2004), with follow-up shallow diamond drilling to test any anomalies produced from such a survey. 5.3 CHERRY HILL / O’REILLY AREA Further work is also recommended in the Cherry Hill / O’Reilly area. The current soil grids were concentrated to the northeast and southwest of the Cherry Hill and O’Reilly zones respectively. Although anomalous samples were few, only a small portion of the block was sampled. Both the Cherry Hill and O’Reilly areas have been previously trenched, however exposures at both trench sites is minimal and there remains room for additional trenching. In addition, both prospects have never been drilled, a short, shallow diamond drilling program is also recommended for this area.


6.0 REFERENCES O’Reilly, D.F., 2005. A Geological, Geochemical and Petrological Study of the O’Reilly Gold Prospect, Botwood Basin, Central Newfoundland. Unpublished B. Sc (Hons) thesis, Memorial University of Newfoundland and Labrador, 98 pages plus one appendix and map. O’Reilly, D.F. and Churchill, R.A., 2004. Third Year Assessment Report on Linecutting and Soil Sampling for Map Staked Licenses 8252M (Glenwood Fault), 10408M (Clark’s Brook North) and 10409M (Clark’s Brook South), Mustang Trend Project; Botwood Basin, Central Newfoundland, NTS Sheets 02D1, 02D14 and 02D15. Altius Resources Inc. Barbour, D. and Churchill, R.A., 2004. Second, Third and Sixth Year Assessment Report on Prospecting, Mapping and Geochemical Sampling for the Mustang Trend Properties, Map Staked Licenses 8252M, 8253M, 8254M, 6101M, 7677M, 8255M, 9649M, 9650M and 9788M; NTS Sheets 02E02, 02E07, 02D05, 02D06, 02D11, 02D12, 02D13, 02D14 and 02D15, Botwood Basin, Central Newfoundland. Altius Resources Inc. Smith, Roderick, Butler, Roland and Churchill, Rod, 2002. Report on Prospecting, Mapping, Trenching, and Geochemical Sampling on the Mustang Trend, Botwood Basin, Central Newfoundland, Map Staked Licenses 8280M, 8281M, 8531M, 8937M, 8252M, 8253M, 6101M, 8254M, 7677M, and 8255M, NTS 2E/07, 02, 2D/05, 06, 11, 12, 13, 14, and 15. Altius Resources Inc. and Barrick Gold Corporation. Barbour, David, and Churchill, Rodney, 2000. First Year Assessment Report Covering Geology, Prospecting, IP Surveying and Diamond Drilling on the Rolling Pond Property, Map Staked Licences 6310M, 6479M, 6483M and 6824M, NTS 2D/11 & 12. Altius Resources Inc. Barbour, David, and Churchill, Rodney, 1999. First Year Assessment Report Covering Prospecting, IP Surveying and Diamond Drilling on the Mustang Property, Central Newfoundland, Map Staked Licence 6101M, NTS 2D/15. Altius Resources Inc. Batterson, M. and Taylor, D., 1998. Surficial geology and geochemical sampling in the Grand Falls and Glenwood areas (NTS 2D/13, 2D/14, 2E/3). In Current Research. Newfoundland Department of Mines and Energy, Geological Survey, Report 98-1, pages 1-8. Blackwood, R.F., 1982. Geology of the Gander Lake (2D/15) and Gander River (2D/2) area. Newfoundland Department of Mines and Energy, Mineral Development Division, Report 82-4, 56 pages. Boyce, W.D. and Ash, J.S., 1994. New Silurian-Devonian(?) faunas from the Gander (NTS 2D/15) and Botwood (NTS 2E/3) map areas. In Current Research. Newfoundland Department of Mines and Energy, Geological Survey Branch. Report 94-1, pages 53-63. Burton, W., 1987. First Year Assessment Report on Geological, Geophysical and Diamond Drill Exploration, Chiouk Brook Prospect, licence 2738, NTS 2D/11 (Gov. file # 2D/11/171). Butler, Roland, 1997. A Report on the Beaver Brook Antimony Property, Central Newfoundland, Licences 4758, 4902M and 4903M, NTS 2D/11 & 14. Raventures Inc. Butler, David, and McLean, Scott, 1991. Fourth Year Report on Geophysical Surveys, Diamond Drilling and Strip Mapping on Licence 2991, Gander Property, Newfoundland, NTS 2D/15. Falconbridge Ltd. (Gov. file # 2D/15/248). Chan, Lai Lai, 1996. First Year Assessment Report, Geological and Geochemical, Cooper Brook Property, Licence 4692 and 4731, NTS 2D/11 (Gov. file # 2D/11/322). Churchill, Rodney, and Barbour, David, 1999. First Year Assessment Report Covering Prospecting, Mapping and Geochemical Sampling on the Paradise Lake Property, Central Newfoundland, Map Staked Licences 6091M, 6092M and 6401M, NTS 2D/12 & 13. Altius Resources Inc.


Churchill, R., Barbour, D., and Butler, R., 2001. First Year Assessment Report Covering Preliminary Geological Investigations on the Chiouk Brook Property, Map Staked Licences 7413M and 7414M, Great Bend-Northwest Gander River Area, Central Newfoundland, NTS 2D/11. Altius Resources Inc. Colman-Sadd, S.P., 1994. Silurian subaerial rocks near Lewisporte, central Newfoundland. In Current Research. Newfoundland Department of Mines and Energy, Geological Survey Branch. Report 94-1, pages 65-76. Coleman-Sadd, S.P., Dunning, G.R. and Dec, T., 1992. Dunnage-Gander relationships and Ordovician orogeny in central Newfoundland: a sediment provenance and U/Pb age study, American Journal of Science, Volume 292, pages 317-355. Collins, C.J., 1991. Fourth and fifth year assessment report on geological, geochemical, trenching and diamond drilling exploration for the Glenwood Project for licence 2821 on claim block 4655 and licence 3259 on claim block 3775 in the Gander River and Gander River Outflow areas, Newfoundland, 168 pages. Noranda Exploration Company Limited. Newfoundland and Labrador Geological Survey (Gov. file # 002D/15/0256) Coyle, M. and Strong, D.F., 1987. Geology of the Springdale Group: a newly recognized Silurian epicontinental type caldera in Newfoundland; Canadian Journal of Earth Sciences, v. 24, p. 1135-1148. Dalton, B.F., 1998. A descriptive and genetic study of mineralization and alteration at the Moosehead Prospect, central Newfoundland. Unpublished B.Sc. Honours thesis, Memorial University of Newfoundland, 82 pages. Davenport, P.H. and Nolan, L.W., 1988. Gold and associated elements in lake sediment from regional surveys in the Botwood map area (NTS 2E). Newfoundland Department of Mines and Energy, Mineral Development Division, Open File [2E (563)]. Davenport, P.H., Nolan, L.W. and Hayes, J. P., 1988. Gold and associated elements in lake sediment from regional surveys in the Gander Lake area (NTS 2D). Newfoundland Department of Mines and Energy, Mineral Development Division, Open File [2D (175)]. Dearin, Charlie, 1987. First Year Assessment Report of the Gander Claims, Gander, Newfoundland, Licence No. 3253. South Coast Resources Inc. (Gov. file # 2D/15/223). Dickson, W. L., 1993. Geology of the Mount Peyton map area (NTS 2D/14), central Newfoundland. In Current Research. Newfoundland Department of Mines and Energy, Geological Survey Branch, Report 93 1, pages 209-220. Dickson, W. L., 1994. Geology of the southern portion of the Botwood map area (NTS 2E/3), north central Newfoundland. In Current Research. Newfoundland Department of Mines and Energy, Geological Survey Branch, Report 94-1, pages 101-116. Dickson, W.L., 1995. The economic potential of the Mount Peyton Intrusive Suite and adjacent rocks, north-central Newfoundland. In Report of Activities. Newfoundland Department of Natural Resources, Geological Survey, pages 45-48. Dunning, G.R., 1992. U-Pb Geochronological Research Agreement; final report for the Newfoundland Department of Mines and Energy, Newfoundland Mapping Section. Unpublished report, Newfoundland Department of Mines and Energy, Geological Survey Branch. Dunning, G.R., O’Brien, S.J., Colman-Sadd, S.P., Blackwood, R.F., Dickson, W.L., O’Neill, P.P. and Krogh, T.E., 1990. Silurian orogeny in the Newfoundland Appalachians. Journal of Geology, volume 98,pages 895-913. Gower, David, and Tallman, Peter, 1989. Second and Third Year Assessment Report on Soil Geochemistry, Geophysical Surveys, Trenching and Diamond Drilling at the Glenwood-White Bay Project, Licences 2821 & 3259, NTS 2D/15. Noranda Exploration Company Ltd. (Gov. file # 2D/15/218).


Gower, David, 1988. First Year Assessment Report on the Glenwood-White Bay Property, Licence 3259, NTS 2D/15. Noranda Exploration Company Ltd. (Gov. file # 2D/15/199). Gower, David, and Tallman, Peter, 1988. Second Year Assessment Report on Geological Mapping, Prospecting, Trenching, Soil Geochemistry, Geophysical Surveys and Diamond Drilling at Gander Outflow, Licence 2897 & 2917, NTS 2D/15, Project 4720. Noranda Exploration Company Ltd. (Gov. file # 2D/15/198). Graves, Garth, 1991. First Year Assessment Report on Licence 3968, Jumper’s Brook (6796), Geochemistry, Geophysics, Geology, Diamond Drilling, NTS 2D/14. Noranda Exploration Company Ltd. (Gov. file # 2D/257). Graves, G., 1987. First year assessment report on prospecting, geochemical, geophysical and trenching exploration for licence 2897 on claim blocks 4515, 4517 and 4520 and licence 2917 on claim blocks 4553-4554 in the Gander River Outflow and Gander Lake areas, Newfoundland, 228 pages. Noranda Exploration Company Limited. Newfoundland and Labrador Geological Survey (Gov. file # 002D/15/0189). Harris, Alex, 1997. First Year Assessment Report on the Northwest Gander Project, Reconnaissance Geochemical and Geological Surveys, Licence 5070 M, NTS 2D/12. Burin Minerals Ltd. (Gov. file # 2D/12/03). MacKenzie, Leonard, 1991. Third Year Assessment Report on the South Great Rattling Brook Property, Central Newfoundland, Licence 3443, NTS 2D/12. Newfoundland Gold Corporation (Gov. file # 2D/12/261). McKerrow, W.S. and Cocks, L.R.M., 1977: The location of the Iapetus Ocean Suture in Newfoundland. Canadian Journal of Earth Sciences, volume 14, pages 488-495. Mercer, B.J., 1988. Second Year Assessment Report on Diamond Drilling at Chiouk Brook and Lizard Pond, Great Bend Area, licence No.’s 2738 and 2753, NTS 2D/11 (Gov. file # 2D/11/170). Mercer, B., 1996. Second year assessment report of soil geochemistry on Ground Staked License 4525, Moosehead Property, Newfoundland, NTS 2E/3, 2D/14. Royal Oak Mines Inc., Department of Mines Assessment Report, 12 pages. Miller, H.G. and Thakwalakwa, S.A.M., 1992. A geophysical and geochemical interpretation of the configuration of the Mount Peyton Complex, central Newfoundland. Atlantic Geology, volume 28, pages 221-231. Morris, Gregory, 1991. Third Year Assessment Report on the Sandy Brook Property, Licence 3234, Claim Blocks 5704, 5706, 5707 and 5708, Central Newfoundland, NTS 2D/13. Granges Inc. (Gov. file # 2D/13/242). Morrissey, C. and House, G., 1997. Tenth Year Assessment Report, Exploration and Development Activities at the Beaver Brook, Newfoundland Antimony Mine, Lease No. 146 (4813), NTS 2D/11. Roycefield Resources Ltd. (Gov. file # 2D/11/325). O’Brien, B.H., 1993. A mapper’s guide to Notre Dame Bay’s folded thrust faults: evolution and regional development. In Current Research. Newfoundland Department of Mines and Energy, Geological Survey Branch. Report 93-1, pages 279-291. O’Neill, P and Blackwood, R.F., 1989. A proposal for revised stratigraphic nomenclature of the Gander and Davidsville groups and the Gander River Ultrabasic Belt of northeastern Newfoundland. Newfoundland Department of Mines and Energy, Geological Survey of Newfoundland, Current Research, Report 89-1, pages 127-130. Saunders, Phillip. First Year Assessment Report on the Outflow Gold Prospect, Gander Lake Area, Central Newfoundland, NTS 2D/15, Licence 4389 (Gov. file # 2D/15/287). Sheppard, Dean, 1992. First Year Assessment Report on Geological and Geochemical Investigations Conducted within Licence No. 4104, Appleton Property, Held by Gander River Minerals Inc., NTS 2E/2 (Gov. file # 2E/02/838).


Sheppard, Dean and Strickland, Roland, 1991. Third Year Assessment Report on Geological, Geochemical, Geophysical and Diamond Drilling Investigations conducted within Lic. # 4101, Fourth Pond Property, NTS 2E/2. Gander River Mineral Ltd. (Gov. file # 2E/02/806). Sheppard, Dean, and Strickland, Roland, 1990. Report on Geological, Geochemical and Geophysical Investigations Conducted in the Gander River Area, Northeastern Newfoundland, on Licenses 3080 (third year), 3422 (second year), and 3421 (second year). Gander River Minerals Inc. (Gov. file # 2E/2/746). Simpson, Angus, 1990. Report on Field Work including Geological, Prospecting, Trenching and Diamond Drilling in the Jonathans Pond Area (4731), Licence 2472, Claim Blocks 3460, 3461, 3463, Licence 2967, Claim Blocks 3468 and 3469, NTS 2E/2. Noranda Exploration Company Ltd. (Gov. file # 2E/2/705). Simpson, Angus, 1989. Report on Field Work in the Jonathans Pond Area, License 2472 (fifth year) and License 2967 (second year), NTS 2E/2. Noranda Exploration Company Ltd. (Gov. file # 2E/2/636). Snow, Paul, 1987. Report on Field Work in the Jonathans Pond Area, License 2472 (fourth year) and License 2965 (first year), NTS 2E/2. Noranda Exploration Company Ltd. (Gov. file # 2E/2/582). Sparkes, Kerry, 1991. Third Year Assessment Report on Prospecting, Geology and Geochemistry on Szechuan Occurrence at Noront-Beaver Brook Project (6723), Licence 4012, NTS 2D/11. Noranda Exploration Company Ltd. (Gov. file # 2D/11/258). Sparkes, Kerry, 1991. Second Year Assessment Report, Diamond Drilling on the Huxter Pond Property, Licence 3885, Claim blocks 3431, 3422, NTS 2D/5, for Noranda Exploration Company Ltd. (Gov. file # 2D/05/251). Squires, Gerald, 1991. Third Year Assessment Report on the Appleton Property (6713), Licence 4011, NTS 2D/15 and 2E/2. Noranda Exploration Company Ltd. (Gov. file # NFLD/2187). Smith, R., Churchill, R., Butler, R., and Dalton, F., 2002. Notes on the Digital Compilation of the Mustang Trend and Surrounding Area in Central Newfoundland pertaining to Map Staked Licenses; 8252M (Glenwood Fault property), 6101M (Mustang property), 8253M (Northwest Gander River property), 8254M (Beaver Brook property), and 7677M, 8255M (Swiss Lake Property). NTS 2E/07, 02, 2D/05, 06, 11, 12, 13, 14, and 15. An internal report prepared for Altius Resources Inc., and Barrick Gold Corp. Strickland, R., Sheppard, D., and Saunders, J., 1989. First Year Assessment Report on Geological and Geochemical Investigations Conducted in the Gander River Area, License 3838. Gander River Minerals Inc. (Gov. file # 2E/2/755). Strong, D.F., Dickson, W.L., O’Driscoll, C.F. and Kean, B.F., 1974. Geochemistry of Newfoundland granitoid rocks. Newfoundland Department of Mines and Energy, Mineral Development Division, Report 74-3, 140 pages. Strong, D.F. and Harris, A.H., 1974. The petrology of Mesozoic alkaline intrusives of central Newfoundland. Canadian Journal of Earth Sciences, volume 11, pages 1208-1219. Tallman, P, and Bourgoin, B, 1992. Third Year Assessment Report on Diamond Drilling at the Beaver Brook Project, Licence 4012, NTS 2D/11. Noront Resources Ltd. (Gov. file # 2D/11/272). Tallman, Peter, 1990. Second Year Assessment Report on Prospecting and Geological Mapping at Big Pond Project (6714), licence 3990, NTS 2E/2. Noranda Exploration Company Ltd. (Gov. file # 2E/2/742). Tallman, Peter, 1990. Second Year Assessment Report on Diamond Drilling at Noront-Beaver Brook Project (6723), Licence 4012, NTS 2D/11. Noranda Exploration Company Ltd. (Gov. file # 2D/11/240). Tallman, Peter, 1990. Second Year Assessment Report on Prospecting, Geological Mapping and Diamond Drilling at GRUB Line North and Duder Lake Projects (6721), licence 3989, NTS 2E/2 & 7. Noranda Exploration Company Ltd. (Gov. file # 2E/744).


Tallman, Peter, 1990. First Year Assessment Report on Licences 3544 and 3856, Noront-Mount Peyton, NTS 2D/14 & 15, 2E/2 & 3. Noranda Exploration Company Ltd. (Gov. file # NFLD/1968). Tallman, Peter, 1990. First Year Assessment Report on Geological Mapping at NW Gander River Property, Licence 3847, NTS 2D/14. Noranda Exploration Company Ltd.(Gov. file # 2D/14/241). Tallman, Peter, 1989. First Year Assessment Report on Noront-Big Pond (4714), Licenses 3419 and 3420, NTS 2E/2. Noranda Exploration Company Ltd. (Gov. file # 2E/2/679). Tallman, Peter, 1989. First Year Assessment Report on the Appleton Property (4713), licence 3411, NTS 2D/15 and 2E/2. Noranda Exploration Company Ltd. (Gov. file # NFLD/1899). Tallman, P. and Gower, D., 1989. Second and third year assessment report on geochemical, geophysical, trenching and diamond drilling exploration for the Glenwood/White Bay project for licence 2821 on claim block 4655 and licence 3259 on claim block 3775 in the Gander River Outflow and Gander Lake areas, Newfoundland, 74 pages. Noranda Exploration Company Limited. Newfoundland and Labrador Geological Survey (Gov. file # 002D/15/0218) Tallman, Peter, 1989. First Year Assessment Report on Licences 3361, 3468, 3536, 3480, 3418, 3547, 3539, 3549, 3537, 3538, 3550, NTS 2D/11. Noranda Exploration Company Ltd. (Gov. file # 2D/11/221). Tallman, Peter, 1989. First Year Assessment Report on Licence 3418, Noront-Paul’s Pond (4716), NTS 2D/11. Noranda Exploration Company Ltd. (Gov. file # 2D/11/204). Tallman, P., 1989. Third year assessment report on diamond drilling exploration for licence 3598 on claim blocks 4515-4517, 4520, 4553-4554, 5162-5163 and 15549 in the Gander River Outflow area, Newfoundland, 82 pages. Noranda Exploration Company Limited. Newfoundland and Labrador Geological Survey (Gov. file # 002D/15/0214) Tallman, P., 1988. First year assessment report on geological, geochemical and geophysical exploration for the Gander Outflow project for licence 3111 on claim block 5153 in the Gander Lake and Careless Cove areas, Newfoundland, 20 pages. Noranda Exploration Company Limited. Newfoundland and Labrador Geological Survey (Gov. file # 002D/15/0182) Tallman, Peter, 1987. Second Year Assessment Report on Noront-Greenwood (4717), licence 3852, NTS 2D/11. Noranda Exploration Company Ltd. (Gov. file # 2D/11/227). Tucker, R.D. and McKerrow, W.S., 1995. Early Paleozoic chronology: a review in light of new U-Pb zircon ages from Newfoundland and Britain. Canadian Journal of Earth Sciences, 31: 351-357. W.A. MacPherson Association. Inc., 1991. Second Year Supplementary and Third Year Report on the Virginia Property, Glenwood-Salmon Pond, Gander River area, NTS 2E/2 and 2D/15, Licences 3714 and 3825. Manor Resources Inc. (Gov. file # NFLD/2182). Woldeabzghi, T. 1988. Second year assessment report on geological, geochemical, geophysical, trenching and diamond drilling exploration for licence 2821 on claims in the Glenwood and Gander River Outflow areas, Newfoundland, 168 pages. Noranda Exploration Company Limited. Newfoundland and Labrador Geological Survey (Gov. file # 002D/15/0186) Wonderley, P.F. and Neumann, R.B., 1984: The Indian Bay Formation: fossiliferous Early Ordovician volcanogenic rocks in the northern Gander Terrane, Newfoundland, and their regional significance. Canadian Journal of Earth Sciences, volume 21, pages 525-532. Williams, H., 1967. Silurian rocks of Newfoundland. In Geological Association of Canada Special Paper Number 4, Geology of the Atlantic Region, pages 93-137. Williams, H., 1972. Stratigraphy of the Botwood map area, northeastern Newfoundland. Geological Survey of Canada, Open File 113, 103 pages.


Williams, H., 1978a (compiler): Tectonic lithofacies map of the Appalachian Orogen. Memorial University of Newfoundland Map No. 1, Scale 1:1,000,000. Williams, H., 1978b: Geological development of the northern Appalachians: its bearing on the evolution of the British Isles. In Crustal Evolution in Northwestern Britain and Adjacent Regions. Edited By D.R. Bowes and B.E. Leake, Geological Journal Special Issue Number 10, pages 1-22. Williams, H., Colman-Sadd, S.P., and Swinden, H.S., 1988: Tectonic-stratigraphic subdivisions of central Newfoundland. In Current Research, Part B, Geological Survey of Canada, Paper 88-1B, pages 91-98. Williams, H., Currie, K.L and Piasecki, M.A.J, 1993. The Dog Bay Line – A major Silurian tectonic boundary in Northeast Newfoundland. Canadian Journal of Earth Sciences, volume 30, pages 2481-2494.


APPENDIX 1. List Of Contractors And Personnel; Statement Of Expenditures

ALTIUS RESOURCES INC. ….A1

Contractor Location Goods and/or Services Provided

Eastern Analytical Limited Springdale, NL field supplies & geochemical analysis

Federal Express Toronto, ON shipping & freight

ALTIUS RESOURCES INC.

Employee Hometown ManDays Activities

Dale O'Reilly Mount Pearl, NL 5.50 report writing, drafting, planning & logistics, data intepretation

Jackie O'Driscoll Bay Bulls, NL 15.75 research & compiltation, report writing, drafting

Lawrence Winter Conception Bay South, NL 0.50 planning & geology

Rod Churchill Portugal Cove, NL 1.50 reporting, drafting, project accounting

TOTAL 23.25


Expenditure Clark's Brook Cherry Hill Cherry Hill Jasperoid

License 013256M License 013257M License 013258M License 013259M

Analytical Charges 6,127.80 3,135.15 2,137.60 2,850.14

Wages & Employee Benefits 3,049.76 1,560.34 1,063.87 1,418.49

Shipping & Freight 17.79 9.10 6.21 8.28

Subtotal 9,195.35 4,704.60 3,207.68 4,276.91

15% Overhead 1,379.30 705.69 481.15 641.54

TOTAL 10,574.65 5,410.29 3,688.83 4,918.44

Required 7,000.00 3,600.00 2,400.00 3,200.00

Excess or (Deficit) 3,574.65 1,810.29 1,288.83 1,718.44


APPENDIX 2. Jasperoid Soil Samples Assay Certificate


APPENDIX 3. Clark’s Brook Soil Samples Assay Certificate



APPENDIX 4. Cherry Hill And O’Reilly Soil Samples Assay Certificate

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