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Granby Gold, Eagle Project, Geology, October 3, 2017

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Granby Gold, Eagle Project, Geology, October 3, 2017 ASSESSMENT REPORT TITLE PAGE AND SUMMARY TITLE OF REPORT: Eagle Project, Geology, Beaverdell area, Greenwood Mining Division, British Columbia, Canada. TOTAL COST: $ 10,515.52 AUTHOR(S): Locke B. Goldsmith, P. Eng., P. Geo. SIGNATURE(S): NOTICE OF WORK PERMIT NUMBER(S)/DATE(S): STATEMENT OF WORK EVENT NUMBER(S)/DATE(S ): Events 5655637, July 7, 2017; Amended May 2, 2018 YEAR OF WORK: 2017 PROPERTY NAME:tu EAGLE CLAIM NAME(S) (on which work was done): 311065, 311067, 1037216 COMMODITIES SOUGHT: Dimension stone MINERAL INVENTORY MINFILE NUMBER(S),IF KNOWN: 082ESW169 MINING DIVISION: Greenwood NTS / BCGS: NTS 82E 06. BCGS 82E 035 LATITUDE: __ 49°_____20’____29"____ LONGITUDE: _ 119°____04’____00"____ (at centre of work) UTM Zone: NAD 83 Zone 11U All, as above EASTING: 349500 NORTHING: 5467300 fuzw OWNER(S): Charles Hugh Maddin. MAILING ADDRESS: 907-2222 Belleview Ave., West Vancouver, B.C V7V 1C7 OPERATOR(S)tur'tu [who paid for the work]: Charles Hugh Maddin MAILING ADDRESS: 907-2222 Belleview Ave., West Vancouver, B.C V7V 1C7 4 REPORT KEYWORDS (lithology, age, stratigraphy, structure, alteration, mineralization, size and attitude. Do not use abbreviations or codes): Cretaceous-Eocene Okanagan Batholith, Ladybird and Valhalla intrusions. Intrusive rocks, undivided. Porphyritic to pegmatitic granite. Broad &ltu fracture and joint spacing in selected locations allow quarrying of large blocks for dimension stone. REFERENCES TO PREVIOUS ASSESSMENT WORK AND ASSESSMENT REPORT NUMBERS: **Z% ARIS: 20569 PROJECT COSTS TYPE OF WORK EXTENT OF WORK ON WHICH CLAIMS APPORTIONED IN THIS REPORT (in metric units) (incl. support) GEOLOGICAL (scale, area) 1:5000, 1.6 sq Ground, mapping All, as above $10,515.52 1:2000 km Airborne geophysical interpretation GEOPHYSICAL (line-kilometres) Ground Magnetic Electromagnetic Induced Polarization Radiometric Seismic Other Airborne Magnetic, Gravity Interpretation GEOCHEMICAL (number of samples analysed for …) Soil Silt Rock Other DRILLING (total metres, number of holes, size, storage location) Core Non-core RELATED TECHNICAL Sampling / Assaying Petrographic Mineralographic Metallurgic PROSPECTING (scale/area) PREPATORY / PHYSICAL Line/grid (km) Topo/Photogrammetric (scale, area) Legal Surveys (scale, area) Road, local access (km) / trail Trench (number/metres) Underground development (metres) Other TOTAL COST $ 10,515.52 Eagle Project Geology Kettle Valley Area Greenwood Mining Division Beaverdell, British Columbia, Canada Tenures 311065, 311067, 1037216 NTS 82E 06 BCGS 82E 035 Latitude 49° 20’ 29” N Longitude 119° 04’ 00” W UTM NAD 83 Zone 11U: 349500 E 5467300 N Prepared for Granby Gold Inc. Charles Hugh Maddin Owner and Operator Event number 5655637 Locke B. Goldsmith, P.Eng., P.Geo. Consulting Geologist October 3, 2017 Amended May 2, 2018 Table of Contents 1 Introduction ............................................................................................................. 1 1.1 General ............................................................................................................ 1 1.2 Property Location ............................................................................................. 1 1.3 Property Description ......................................................................................... 1 1.4 Physiography, Accessibility, Climate, Local Resources, and Infrastructure .... 4 1.5 Exploration History ........................................................................................... 4 2 Geology and Mineralization .................................................................................... 5 2.1 Regional Geology, Stratigraphy, and Structure ............................................... 5 2.2 Mineralization ................................................................................................... 7 3 Local and Property Geology ................................................................................... 7 3.1 Local Geology .................................................................................................. 7 3.2 Property Geology ............................................................................................. 9 4 Conclusions .......................................................................................................... 18 5 Recommendations ............................................................................................... 18 6 Cost Estimate ....................................................................................................... 18 7 References ........................................................................................................... 19 8 Engineer’s and Geologist’s Certificate ................................................................. 20 9 Cost Statement, 2017 Program ............................................................................ 21 List of Figures Figure 1. Location map ................................................................................................ 2 Figure 2. Claim map on topography ............................................................................ 3 Figure 3. Regional geology with claim boundaries ...................................................... 6 Figure 4. Local geology ............................................................................................... 8 Figure 5. Property geology ........................................................................................ 10 Figure 6. Quarry showing low angle joints and joints parallel to face ........................ 11 Figure 7. Quarry of Fig 6, left foreground, bounding close-spaced joints .................. 12 Figure 8. Quarry of Fig 10, left foreground, clean break to joint ................................ 13 Figure 9. Middle ground, blocks unshaped, quarry face in background .................... 14 Figure 10. Foreground, three shaped blocks behind foliage, 1 m vertical height ...... 15 Figure 11. Trimmed and shaped block ...................................................................... 16 List of Tables Table 1. Mineral tenures .............................................................................................. 1 List of Appendices Appendix 1 – Eagle field notes, June 2017 Highland Valley Project 1 INTRODUCTION 1.1 General Work in the on the Eagle property was undertaken between June 8 and July 7, 2017 on tenures 311065, 311067, and 1037216. 1.2 Property Location The Eagle mineral claims held by Granby Gold Inc. are located in south central BC on Hwy 33 in the Kettle Valley, approximately 14 km south of the community of Beaverdell and 102 km south-southeast of Kelowna, BC. 1.3 Property Description The Eagle property comprises 3 mineral claims covering an area of approximately 142.1 hectares, 100% owned by Charles Hugh Maddin, held in trust for Granby Gold Inc. Claim status is summarized in Table 1. Table 1. Mineral tenures Tenure Map Good To Claim Name Owner Issue Date Area (ha) Number Number Date 116570 311065 EAGLE 4 82E 06 1992/jul/10 2027/jul/10 25.00 (100%) 116570 311067 EAGLE 6 82E 06 1992/jul/10 2027/jul/10 25.00 (100%) CASCADE 116570 1037216 82E 06 2015/jul/09 2027/jul/09 42.10 CORAL MID (100%) 1 Granby Gold Inc. Highland Valley Project Yukon · Granby Gold Inc. Eagle Project ^` British Columbia Alberta Stewart Hazelton Prince Prince Rupert George Kamloops CANADA Vancouver EAGLE USA Hope^`PROJECT Location Map Eagle Project GRANBY GOLD INC. Km Content may not reflect National Geographic's current map policy. Sources: DRAWNN BaYti:onal GeNoTgSr:aphic, Esri, DePLRoOrJmECeT, IOHNE:RE, UDNATEEP: -WCMC, USFGig SN,o :NASA, R.B. 82E06 NAD83, UTM Z11N 0 125 250 500 ESA, METI, NRCAN, GEBCO, NOAA, increment P CNoorvp, .2017 Figure 1. Location map 2 Granby Gold Inc. ! Highland Valley Project 344000 348000 352000 0 0 0 Tuzo Creek 0 0 ! 0 0 2 8 2 2 0 7 7 1 0 4 6 4 5 1 5 0 4 7 Granby Gol0 d Inc. 0 6 1 6 0 0 0 0 1 0 4 8 2 2 0 1 8 0 1 5 4 9 0 1 8 0 1 0 6 0 2 0 2 0 6 1 5 4 5 0 1 1 1 1 6 0 3 124 3 2 0 1 0 4 2 0 1 6 0 5 2 1 5 0 1 14 4 00 1280 4 0 1 ^` · 4 0 1 3 2 4 2 0 0 1 4 1 1 0 1 0 6 1 5 Eagle Project 0 1 1 6 Dominion Creek 0 6 0 0 ! 0 0 8 12 6 7 3 6 0 0 1 8 0 13 24 6 1 4 1 0 1 2 1 4 0 6 0 0 0 2 1 0 0 3 1 2 2 0 1 1320 1 8 8 1 0 0 0 6 5 4 3 6 6 EAGLE 0 1 1 1 2 0 0 0 8 0 PROJECT 0 4 0 1 0 0 1 0 0 0 0 Big Goat Creek 2 0 0 ! 1 0 0 8 1 8 0 4 0 0 Boyer Creek 0 8 ! 1 8 1 6 6 4 4 311065 Dominion Creek 4 4 ! 5 0 5 1037216 Big Goat Creek ! 00 7 4 6 1 1 0 4 1 4 1 0 3 840 1 0 2 1400 2 4 1 0 9 3 10 6 40 1720 0 1 0 8 0 4 80 8 8 0 1 4 4 0 6 1 1 West Kettle River 8 ! 0 0 0 76 1 2 1 4 3 0 9 1 1360 0 0 2 0 8 0 2 0 4 0 1 0 4 1 1 0 2 6 1 Little Goat Creek 1 4 4 5 ! 1 0 2 Legend 0 0 0 0 ! 6 0 1 4 Granby Gold Inc. 3 2 6 1 1 0 0 2 1 1 1 Eagle Claims Group. 8 0 1 1 ! 4 Others Claims 1 Glacier Waterbody 1 15 1 River 0 20 2 24 0 1 ! 1 Little Goat Creek BeavTerradielll Range 4 ! ! 1 Railway 8 4 0 0 Contour lines 0 0 0 Taurus Creek 56 4 Road ! 1 14 0 8 2 0 0 1 0 0 0 0 0 0 0 0 4 Taurus Creek 4 6 0 6 1 ! 1 4 6 6 0 4 4 0 4 0 EAGLE PROJECT 8 1 Claim Map 0 8 5 6 0 2 5 2 8 1 1 2 1 1 0 1 6 0 1 4 0 2 0 0 3 1 0 1 3 1 2 6 6 0 1 0 1:50,000 0 0 6 0 1 7 GRANBY GOLD INC6 . 1 2 1 0 500 1,000 2,000 0 1 14 0 4 DRAWN BY: NTS: PROJECTION: DA6 TE: Fig No: 920 9 Nov, 2017 Meters 0 R.B. 82E06 NAD83, UTM Z9N ! 344000 348000 352000 Figure 2. Claim map on topography 3 Granby Gold Inc. ! ! Highland Valley Project 1.4 Physiography, Accessibility, Climate, Local Resources, and Infrastructure The area of the claims is located on eastern slopes of the Kettle Valley. Poplar, spruce, and balsam form scattered patches of tree cover on the claims. Much of the area above and northeast of cliffs at the quarry sites is underlain by outcrops of granite. All-weather Highway 33 provides access from Kelowna to Beaverdell and south to Rock Creek. The claims ere situated on the eastern side of Highway 33, 13 km south of Beaverdell. A house and outbuildings are currently occupied on the north side of the highway between claims 311067 (area of EQ6 Quarry) and Beaverdell Granite Quarry to the east, features that are shown on Figure 4. The UTM Grid System used is NAD 83, Zone 11U. Optimum conditions for an exploration program are between mid May and mid October.
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