RECEIVED Power-stripping Program APR 2 0 2010
Mishi Property
Mishibishu lake Area •• 44647
Sault Ste. Marie Division
April 19, 2010 M.A. Tremblay
Goulais River, ON
Table of Contents
Introduction pg 1
Ownership & Claim Status 1
Location & Access 1
Previous Work 2
General Geology 4
Economic geology 4
Power-stripping Program 5
Results & Recommendations 7
Certificate 8
List of Figu res
General Location Map after pg 1
Claim Map 2
Trench Map after pg 3
List of Tables
Sample Descriptions after pg 7
Daily Logs after pg 7
Introduction
The Mishi Property consist of 2 claims (16 units), located
immediately east of the Magnacon Mine & Mill Complex of Wesdome
Mines, in the Mishibishu Lake Greenstone Belt, Sault Ste. Marie
Mining Division, Northeastern Ontario.
A small power stripping program was carried out on the
property in March 2010 by M T Enterprises of Wawa, Ontario, under
the direct supervision of the author.
Ownership & Claim Status
The property is owned jointly by the author and J. Robert and is
subject to an option agreement with Avaranta Resources Ltd of
Toronto, Ontario. The following is a list of the claims, sizes and Due
Dates:
1191887 15 units April 20, 2010
3012014 1 unit November 11, 2010
Location & Access
The property is located 40km west of Wawa, Ontario, in the
Mishibishu Lake Area, Sault Ste. Marie Mining Division, District of
Algoma, Northeastern Ontario. The property lies within NTS Sheet
42C/03 and centered on UTM co-ordinate 16 624000rnE 5327000mN.
Vehicular access to the property is gained from Highway 17
North, 50 km north of Wawa, then west 50km along the Paint Lake
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FIGURE 1
Figure 1. Regional-scole map showing the location of the Mishibishu Properties.
Road to the Magnacon Mine & Mill complex, then east along
Mishibishu East Road for 5km where old tractor roads lead south-east
through the heart of the claim block.
Previous Work
The Mishibishu area has seen sporadic exploration since the
early 1900s through to about 1935 when high grade gold was
discovered north of Mishibishu Lake. In 1937 Hollinger Consolidated
Mines, Macassa Mines and Erie Canadian Mines carried out
prospecting, stripping, trenching and diamond drilling on their
properties. Parts of the Erie Canadian claims covered the subject
property. Erie Canadian noted shearing and quartz veining.
In the 1980's, the discovery of the Hemlo orebodies led to a
large influx of investment in gold exploration in the region. Most
notably in the vicinity of the Mishi Property, was the development of
the Magnacon Mine and the Mishi Pit deposit, both located on strike
to the west along the Mishibishu Lake Deformation Zone. The
Magnaton had published reserves circa 1990s of 1.5Mt @ 8g/t while
the Mishi Main zone comprised 1.2Mt @ 4g/t. Wesdome Mines
operates the Eagle River Mine 15km south of the property where they
have to date produced over 800,000 ounces of gold. Ore from Eagle
River is milled at the Magnacon Complex. Wesdome is currently
evaluating the possibility of a fourth phase of mining at the Mishi Pit.
Beginning in 1983, MacMillan Energy conducted, solely and later
with partner Granges AB, numerous exploration programs including
airborne surveys, linecutting, prospecting, soil geochemistry, geology
and diamond drilling on their Mishi Project, which included the
subject property and close to 1000 claims to both the east and west of
Lln.lZ-16
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the Muscocho-Magnacon properties. On the Mishi North Grid they
intersected the 'Mishi North zone' in hole M-166 with a value of
4.2g/0.9m. Hole M-166 is located on the subject property. Granges
also discovered the Katzenbach and University River Zones east
southeast of the Mishi Property.
Work carried out on the Mishi Property to date includes a
power-stripping project by the author and J. Robert in 2005 and an
airborne survey by Norcanex in 2006/2007.
A small prospecting project in 2009 was carried out by J. Robert
and the author.
General Geology
The Mishi property is located within the Mishibishu Lake
Greenstone Belt, and Archaean aged metavolcanic-metasedimentary
complex. Both metavolcanics and metasediments have been intruded
by basic and felsic intrusives. The basic intrusives within the belt
range from ultrabasic sills to bodies of gabbro and quartz-diorite. The
felsic intrusives in the area include feldspar porphyries, quartz
monzonites, granodiorites and syenites.
The most prominent of the intrusives is the Mishibishu Lake
stock, which is a body of massive prophyritic monzonite. It intrudes
the volcano-sedimentary rocks around Mishibishu, Mishi and
Katzenbach Lakes. The north contact of the stock occurs around the
south part of the subject property. The stock is roughly oval in shape
and covers an area of approximately 11 square miles.
All units in the area are cut by a series of late diabase dykes
ranging in width from several centimetres up to 60m.
Economic Geology
The Mishibishu Lake Deformation Zone (MLDZ) is a strongly
deformed and altered volcano-sedimentary package that trends
northwest and averages 150m wide along its 16 km strike length. The
general dip of the rocks and the deformation zone is moderate (40-
45deg) to the northeast. Within the zone, the strong deformation
obliterates most original rock textures, producing highly schistose
rocks of varying composition. Alteration assemblages are quartz
chlorite-carbonate, quartz-chlorite-sericite and quartz-sericite schists.
Gold mineralization within the MLDZ occurs in two forms: within
siliceous mylonites and as gold bearing fractures within deformed
quartz-ankerite veins. The mylonitic zones contain anomalous values
but the high grade values appear to be restricted to quartz-carbonate
veins, which are commonly found within sericite, green mica and
ankerite rich areas.
The quartz and quartz-carbonate veins are mineralized with
pyrite, pyrrhotite, arsenopyrite, rare sphalerite, rare galena and
visible gold. Sphalerite and galena appear to be restricted to the
highest grade sections.
Gold production within the Mishibishu Lake greenstone belt is in
roughly 900,000 ounces, all of which was produced within the past 25
years.
2010 Power Stripping Program
M T Enterprises of Wawa were engaged to carry out a small power
stripping program over an area containing old pits in pyritic
2010 powers tripping at Erie Canadian Showing
quartz ankerite veining. The area is believed to be the old Erie
Canadian showing (circa 1936).
An area 75m by up to 15m was uncovered around the old
trenches. Two different orientations of veining were uncovered. Due
to the dry and frozen conditions at the time, power-washing was not
possible. A 4 by 6m sump was excavated for washing at a later date
when conditions permit.
East-northeast trending quartz-ankerite veining @ 54mS 2010 powerstripping program
Results & Recommendations
Quartz veining with pyrite and rare chalcopyrite and alteration
similar to that at the nearby Magnacon and Mishi mines was
uncovered during the 2010 program. Two orientations were noted
during examination of the stripped area, however power washing is
required to map these shears and faults in detail.
A drill collar noted in the 2009 program is likely DDH M-166
which had an intersection of 4.2 g/t/0.9m. The orientation of the
strongest mineralization in the stripped area was not likely tested by
this hole.
Hydraulic washing of the strip, followed by channel sampling is
strongly recommended prior to a more comprehensive program of
geological mapping, prospecting geophysics and diamond drilling if
the sampling warrants.
April 19, 2010
Certificate
I, Michael Alexander Tremblay, of Fenwick Township, District of
Algoma, do hereby certify that:
1. I am a graduate of the Sault College AAT Geological Engineering
Program (1983) and that I have worked in mineral exploration
continuously since graduation.
2. I have a 50% interest in the subject property.
3. I was present and directly involved in the project.
4. This report and the recommendations are based on personal
observations and the study of all available technical data.
Fenwick Township
April 19, 2010 M.A. Tremblay
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M.A. Tremblay 1078 Mission Road
Goulais River, Ontario P0S 1E0
tel/fax:705-649-2030, c:705-987-0824 e:[email protected]
Jim Mcauley Geoscience Assessment Ofiice 933 Ramsey Lake Rd-3rd Floor Sudbury, ON P3E 6B5 June 30, 2010 reW1050.00898 The mechanical stripping was undertaken by MT Enterprises of Wawa. Michel Poulin is the owner/operator of MT Enterprises. The pricing of the job was negotiated as $1500/d. I've used Mr. Poulin in the past and was satisfied that I would get my monies worth, and that it would be worth his while to undertake such a small job in such a remote location. His time breaks down as follows: March 27, 2010 6:00-6:30am -Load machine and pickup on float 6:30-9:30 am -Float equipment to Magnacon Tailings Dam 9:30-12:00pm -unload walk machine to job site 12:00-6:00pm -mechanical stripping 6:00pm-8:30pm -demobe to home(Wawa) March 28, 2010 6:00am-8:30am -mobe to site 8:30am-4:00pm mechanical stripping 4:00pm-6:00pm walk machine to float 6:00pm-9:00pm load equipment-float to back to shop(wawa) MT Enterprises spent roughly 30 hrs on the job for a total of $3000, equal to $100/hr. My own time on this stage of the work was: March 27,2010 8:00am-9:30am mobe to Magnacon Dam 9:30am-3:45pm supervise stripping operations 3:45pm-6:00pm demobe to Wawa
March 28, 2010 8:00am-10:00am mobe to site 10:00an-4:00pm supervise stripping operations 4:00pm-6:00pm demobe to wawa I trust this will be an adequate accounting of the time spent on this project. Yours, Mike Tremblay
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