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 <u 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 Nov, 2017 0 125 250 500 ESA, METI, NRCAN, GEBCO, NOAA, increment P Corp.
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. Snow cover can still be still present in May on the property. The climate is typical of the southern interior with an average annual precipitation of 30 centimetres. The nearby village of Beaverdell receives an average precipitation of 482 mm, being 329 mm of rain and 153 mm of water from snow annually. Average daytime temperatures at Beaverdell during the summer are near 15°C. Temperatures in the summer can reach 35°C and plunge to – 40°C in the winter. Snow covers the property from mid November to May.
Beaverdell, population 300, can provide very basic services of fuel, groceries, accommodation, and a cafe in summer. Heavy equipment for purposes of excavating may be available. Kelowna acts as a centre for a broader range of goods and services and provides many modern amenities. Major airline services are available through the Kelowna airport.
1.5 Exploration History A report by Kidlark (1990) describes joint patterns in porphyritic granite at the Beaverdell Granite Quarry (Cascade Coral Quarry), located 1.1 km east of the EQ6 quarry on the Eagle property. The Beaverdell Granite Quarry site is not part of the Eagle claim group.
Public records concerning quarry operations at the Eagle sites have not been found. Private information, including a map and text, concerning work planned in 2006 but not undertaken, was provided to the author of this report by Del Ferguson, P.Geo., and incorporated into a 1:2000 scale geology map. The text is quoted (with edits for explanation on the map) as follows:
“I did apply for a Notice of Work in 2006 for 300 tons from the (planned) EQ4 quarry. We drove a road from Peanut Pit (MOTH) to EQ4 in 1999. No work has been done on EQ4, although it shows the most promise for large blocks.
The EQ6 Quarry operated in the early 1990's. I believe the last go was 1993, but a few blocks were shipped to Vancouver since then. A total of 800 tonnes was reported from 1992 and 1993 works. Works consisted of 4 labourers with an air compressor and jack- leg drills, drilling 10-foot rounds at 6"-spacings. Prima-cord shear blasting was
4 Granby Gold Inc. Highland Valley Project employed in every 2nd hole with water in intermittent holes. The first go-around brought down a 300 tonne slab onto a sand blanketed bench at the toe of the quarry. According to my books, there should be an estimated 100 tonnes remaining in ~5 x 5 x 8 ft blocks to the south of the quarry face.
The Graham Pit (MOTH, Highways) is to the west of the EQ6 quarry.
The Cascade Coral quarry east of EQ6 belongs to Matrix Marble & Stone (Burnaby).
I am attaching maps from the 2006 Notice of Work for proposed works that were never completed.”
2 GEOLOGY AND MINERALIZATION 2.1 Regional Geology, Stratigraphy, and Structure The regional geology of the Eagle project is shown on Figure 3.
The property occurs near the southern end of the Omineca Crystalline Belt within a north-south trending belt of Tertiary (50 MY) Eocene Valhalla granitic stocks and dykes and acidic to basic volcanic extrusive flows. The Valhalla Complex has been described as a leucocratic muscovite-biotite quartz monzonite with several late-stage derivatives, including feldspar porphyry dykes and the matrix of the mineralized breccia zones (Minfile 082ESW169). These are superimposed on Jura-Cretaceous Nelson plutonic rocks of regional extent (Nelson Batholith).
5 Granby Gold Inc. !
Highland Valley Project ! ! ! 340000 350000 3600! 00 !
! 1 1 1 2
2 0 4 0 1 ! 1 8 0 4 5 0 0 1 6 4 Patch Lake 0 6 6 4 0 6 0 1 8 2 ! 1 3 4! 0 4 1 1 ! 0 1 8 0 0 5 West Kettle River 1 2 6
0 0 0 0 0 0
0
1 1 0 8 0 0 0 0 0
4
0 3 2 2 6 2 6 6 0 4 0 1
6 2 8 1 1 1 1 9 9 0 8 0 4 9 1 1 5 0 6 0 0 0 0 1 1 2 2 0 2 1 6 0 0 1 8 8 0 6 0 0 0 6 5 0 ! 6 0 0 0 0 6 3 1 6 La Porte Creek 1 1 0 1 5 4 6 1 0 4 3 0 1 1 2 0 0 Granby Gold Inc. 0 1 0 1 0 0 1 ! 4 0 0 5 0 0 1 2 2 8 1 0 5 0 0 8 0 ! 5 4 1 8 4 5 6 8 6 0 0 8 1 2 1 1 1 0 0 Saunier Lake 1 0 0 2 1 2 0 1 1 3 6 0 4 1 1 2 0 1 1 4 0 8 3 1 1 8
1 2 2
1 0 4
3 4 9 6 1 0 1
0
2 1 2 1 0 1 0 0 0 !
1 6 0 6 0 4 Logan Creek ! 9 8 0 0 2 0 ! ! 8 La Porte Creek 1 1 6 1 4 0 0 8 Boyer Creek Kloof Ridge 7 ! 0 0 0 1 Eugene Creek 1 2 8 4 1 8 0 8 4 4 4 0 ! 4 0 0 Cranberry Ridge 1 4 4 9 1 7 0 1 0 0 6 4 4 0 6 2 8 0 6 0 1 0 3 1 1 0
0 0 1 0
1 0 0 6 2 1 3 0 0 1 3 0 ! 6 3 1 2 ^` 0
1 6 6 3 Boyer Creek 0 1 1 6 · 0 4 6 3 6 0 9 1 3 0 1 ! 2 1 1
0
Tuzo Creek 3 1 0 0 6 0 0 4 4 4 0 Eagle Project 0 0 6 0 2 6 1 6 0 18 1 00 0 1 5 0 8 56 ! 0 1 8 2 1 Tuzo Creek 8 2 1 1 2 1 1 1 0 0 0 2 0 8 4 4 8 8 4 6 2 0 0 1 1 1 1 1 0 4 8 1 9 4 0 2 6 0 0 1 1 1 2 0 8 ! 1 0 3 8 0 5 0 3 1 2 2 Hoodoo Lake 1 4 6 2 0 1 4 0 1 5 0 3 0 0 0 0 4 1 6 12 6 0 0 ! 0 1 0 6 12 0 2 5 8
5 1 0 2
0 0 1 0 5 8 0
0 0 1 0 1 0 4 1 4 1 1 0 3 2 6 2 2 1 0 5
0 4 0 1 8 1 8 0 2 1 1 1 5 0 0
4 0 0 2 1 6 0 0 0 0 ! 0
7 8 0 7 6 6 8 4 0 3 5 2 0 4 0 1 4 3 1 1 1 4 1 6 0
5 0 5 2 1 0 1 1 0 0 1 1 8 4 0 2 1 6 0 6 2 2 2 8 0 4 0 0 1 1 1 4 2 0 0 0 2 1 0 EAGLE 1 0 6 0 13 1 2 4 8 0
1 0 1 0 0 1 2
5 0 0 1 2 1 0 0 2 2 8 6 4 1 2 4 0 1 1 0 8 4 1 6 PROJECT 0 4 1 0 1 0 0 00 0 4 2 4 0 0 1 2 0 0 2 0 2 0 1 2 0 1 0 1 0 ! 0 2 14 0 2 8 1 1 5 0 6 1 Big Goat Creek ! 1 3 4 0 1
4 2 0 ! 9 0 Boyer Creek 1 8 6 0 1 2 0 0 6 0 1 ! 00 4 9 0 8 14 1 6 6 Big Goat Creek 4 7 1 0 0 ! 1 8
4 0 1 1 0 4 1 2 0 0 0 0 0 2 0 0 3 1 3 Intrusive Rocks 0 0 0 6 4 1 6 9 2 6 0 6 4 9
9 1 7 1 0 0
1 1 1 1 1 4 Eocene 0 8 4 8 8 4 0 1 0 1 8 1 1 13 ! Coryell Plutonic Suite 2 2 0 4 0 West Kettle River 1 0 0 0 0 0 syenitic to monzonitic intrusive rocks 0 0 0 8
0 8 0 4 ! 8 0 2 4 4 2 0
8 1 1 1 0 2 1 1 ! 1 1 4 0 0 Little Goat Creek 6 2 Cretaceuos 3 0 ! ! 0 1 1 0 8 0
2 Taurus Lake Okanagan Batholith - Ladybird and Va1lhalla intrusions 0 !
9 1 1 intrusive rocks, undivided 2 1 0 0 1 4 48 0 0 0 40 1 2 1 2 Taurus! Creek 0 5 1 7 ! 4 1 ! 1 0 2 0 4 0 Middle Jurassic 0 4 0 Little Goat Creek Beaverdell Range 6 1 0 0 0 8 1 0 1 8 0 ! 2 1 0 Granite, alkali feldspar gra1 nite intrusive rocks 1 8 2 1 1 1 0 0 1 8 1 4 0 1 9 6 4 8 1 1 2 2 0 8 0 1 0 0 0 0 0 ! 2 8
Stratified Rocks 0 0 0 1 0 0 0 6 0
8 Taurus Creek 0 1 1 1 1 6 6 4 6 2 0 2 9 7 2 1 1 0 0 0 0 1 8 1 2 0 ! Eocene 1 0 2 0 11 0 1 Ouellette Creek 0 60 2 1 2 4 4 6 Penticton Group 1 2 0 0 0 1 9
0 undivided volcanic rocks 1 6 1 9 1 2
1 0 0 0 1 ! 0 ! 4 6 1 6 6 4 8 0 Hay Creek VaseuxC aCrbroeneifekrous to Permian 1 7 4 0
1 Anarchist Group or W0allace Formation 1 1 6 ! 8 4 greenstone, greensc7hist metamorphic rocks Boomerang Creek 4 ! 1 0 4 0 4 0 0 8 8 4 ! 2 8 0 0 Hay Creek 1 8 1 6 6 1 0 0 4 0 8 0 0 8 2 0 ! 1 2 0 0 9 8 Kelly River 0 8 1 0 6 2 2 0 1 6 1 8 ! 2 0 7 1 0 2 Colby Creek 7 3 0 1 0 0 0 8 0 12 0 40 0 0 2 2 2 0 0 8 1 2 0 Re1 gional 2 1 1 2 0 0 8 0 1 0 4 1 1 2 2 1 1 7 2 1 1 1 6 1 0 2 60 EAGLE PROJECT 0 0 6 0 11
1 0 0 0 0 8 0 4 24 8 0 Geology 0 0 0 1 0 0
4 0 2 6 0 3 0 6 6 0 0 1 ! 9 8 0 0 8 1 4 8 2 4 0 0 0 Mulligan Creek 4 6 2 8 2 2 0 6 0 0
1 1 5 1 0 1 5 1 1 2 0 1 1:100,000 0 80 8 1 4 4 0 0 4 0 1 0 4 0 1 1 2 0 2 24 1 5 2 1 1 GRAN0BY GOLD INC. 1 0 1 0 1 6 8 0 0 1,250 2,500 5,000 1 6 2 0 ! 0 3 0 9 0 12 6 0 0 Mulligan Creek 0 6 6 4 ! 0 0 4 1 2 1 0 6 4 1 2 0 1 8 ! ! 5 0 PROJECTION: 8 6 8 1 1 1 DRAWN BY: NTS: 9 0 D2ATE: Fig No: ! 0 1 0 6 Kelly River 1 0 1 4 0 0 ! Nelse Creek 8 N1ov, 2017 0 0 R.B. 820E06 NAD83, 8UTM Z9N 4 Meters 8 8 4 0 8 0 00 6 ! ! 1 1 2 0 1120 16 1 2 2 1 1 1 Nelse Creek 7
340000 350000 ! 360000 ! Figure 3. Regional geology with claim boundaries 6 Granby Gold Inc. Highland Valley Project
2.2 Mineralization The industrial mineral commodity on the Eagle claims is granite for use as dimension and ornamental stone. Broadly spaced joints in three dimensions allow quarrying of large blocks (5 x 5 x 8-foot) that are suitable for cutting and polishing.
3 LOCAL AND PROPERTY GEOLOGY 3.1 Local Geology The rock unit within and near the area of the claims (Figure 4) is Eocene porphyritic granite as described in Templeman-Kluit (2016).
“Porphyritic Granite (unit Eg): Distinctive coarse-grained megacrystic granite occurs west of the Crouse Creek fault and in isolated exposures to the east and south. The granite is correlated with the ‘Cretaceous’ Valhalla complex intrusions of Little (1957) and, in subsequent papers, these intrusions are generally referred to as ‘Jura- Cretaceous’ (e.g., Tempelman-Kluit, 1989). In the Kettle River area, the megacrystic granite intrudes the Wallace group and Middle Jurassic granodiorite and is unconformably overlain by Eocene Penticton Group rocks. A K-Ar date of 49.4 ±1.9 Ma was obtained from a lithologically similar megacrystic granite south of Beaverdell (Church, 1996) and a U-Pb zircon date of 56.0 ±1.0 Ma (Parrish, 1992) as well as a hornblende 39Ar/40Ar date of 52.8 ±1.6 Ma (Höy, 2013) for a similar granite in the Burrell Creek area. Hence, pending further radiometric analysis, the Kettle River megacrystic granite is assigned an Eocene age, following the lead of Massey et al. (2010).
The granite is typically medium to coarse grained, with large, pink, euhedral K-feldspar phenocrysts set in a granular matrix of K-feldspar, plagioclase and up to 10% biotite and hornblende. It is generally fresh, although bleached and fractured beneath the sub- Tertiary unconformity, and chlorite-altered, fractured and veined adjacent to the Crouse Creek fault.”
Outcrop exposure is extensive (60%) on the granite uplands north of the Kettle River Valley. Northeast trending lineaments appear prominently in drainage and forest cover on the satellite image (Figure 4). Less obvious are northwest lineaments, broadly spaced at 250 m intervals. These attitudes are present in joint and fracture patterns in outcrops and quarry faces near Highway 33.
7 Granby Gold Inc. Highland Valley Project
349000 350000 351000 352000
Granby Gold Inc.
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md = Mafic dyke pgr = Porphyritic Granite gr = Granite Þ" Joint horizontal  Joint inclined Ä Joint vertical Satellite Image EAGLE PROJECT Way Point Eagle Project Mineral Claim 13:11065 ,000 GRANBY GOLD INC. 1037216 7 6 0 1 1 0 250 3 500 1,000 0 DRAWN BY: NTS: PROJECTION: DATE: Fig No: 0 Nov, 2017 0 Meters R.B. 82E06 NAD83, UTM Z9N 0 0 0 6 6 6 6 4 4 5 349000 350000 351000 352000 5
Figure 4. Local geology
8 Granby Gold Inc. Highland Valley Project
3.2 Property Geology Property geology is shown on Figure 5. Porphyritic granite is present at each outcrop that was examined. Occasionally feldspar crystals may be large (to 3 x 8 cm) and crowded, presenting an appearance of pegmatite as at the Beaverdell Granite Quarry.
Quarry locations had been selected on cliff faces where joints are broadly spaced. Near-vertical working faces of 45 to 70 m in a northeasterly direction are bounded where crosscutting joint / fracture frequency in two steeply dipping planes increases to several per metre. Flat joints (8 to 14°) are spaced from 3 to 8 m apart vertically. Large blocks were recovered by spring-blasting of 1000 or more tonnes at a time onto a pad of sand. Shaped blocks of 8 x 5 x3 ft remain at the Beaverdell Granite Quarry loading area.
Narrow (1 to 2 m wide) andesite porphyry and basalt dykes occupy some fractures and may, as at Beaverdell Granite Quarry, delimit the northeast end of a working face,
9 Granby Gold Inc. Highland Valley Project
349000 350000
Granby Gold Inc. 13 · EAGLE (! 0 pgr 0
0 311065 0
0 Old Rock 0
8 21 PROJECT 8 6 6
4 (! Quarry Proposed 4 5 5 pgr EQ4 Quarry ^` 22 (! 2006 Operations Eagle Project (!pgr 1037216
311067
Graham Pit EQ6 Quarry
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11 Ä Â
(! Site of Proposed
pgr 35 Â 8 2006 Clean-up Operations 12 Â 7Â (! 40 (! 16 9(! Â pgr (! pgr 80 8 5 pgr (! 24 6(! (!
Â85 Â 3 4 pgr (! 0 70 (! 0 md = Mafic dyke 0 0
6 7 pgr = Porphyritic Granite 6 7
5 4 gr = Granite 5 4 Þ" Joint horizontal  Joint inclined Ä Joint vertical Way Point Satellite Image EAGLE PROJECT Eagle Project Mineral Claim 1:2,000 GRANBY GOLD INC.
0 125 250 500 DRAWN BY: NTS: PROJECTION: DATE: Fig No: Meters R.B. 82E06 NAD83, UTM Z9N Nov, 2017
1037216 Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AeroGRID, IGN, and the GIS User Community 7 6 0 1 1 3 349000 350000
Figure 5. Property geology
10 Granby Gold Inc. Highland Valley Project
Photographs of quarry faces that illustrate clean breaks to broadly spaced joints are included in Figures 6, 7, and 8.
Figure 6. Quarry showing low angle joints and joints parallel to face 11 Granby Gold Inc. Highland Valley Project
Figure 7. Quarry of Fig 6, left foreground, bounding close-spaced joints
12 Granby Gold Inc. Highland Valley Project
Figure 8. Quarry of Fig 10, left foreground, clean break to joint
13 Granby Gold Inc. Highland Valley Project
Rough dimension of quarried blocks is shown in Figures 9 and 10.
Figure 9. Middle ground, blocks unshaped, quarry face in background 14 Granby Gold Inc. Highland Valley Project
Figure 10. Foreground, three shaped blocks behind foliage, 1 m vertical height
15 Granby Gold Inc. Highland Valley Project
A shaped block ready for transport is shown in Figure 11.
Figure 11. Trimmed and shaped block 16 Granby Gold Inc. Highland Valley Project
4 CONCLUSIONS The quarries have been inactive for approximately 25 years at which time the trade name for the granite dimension stone was Cascade Coral. It had been used as facing on one or two towers in West Vancouver.
If market conditions were satisfactory, the proposed development at EQ4 might be reconsidered. At present a quarry of this type cannot compete economically with stone landed in British Columbia from China.
5 RECOMMENDATIONS The claim titles should be maintained pending improved economics. Mapping of outcrops on the uplands to the north of the Eagle claims to explore for areas of low joint density is recommended.
6 COST ESTIMATE A 4-day field program.
Geologist, assistant.
R&B.
Travel, vehicle, fuel.
Analyses.
Supplies.
Report.
Contingencies @ 10%.
Total $12,000
Prices escalate rapidly. Cost of items to be estimated near the time of program initiation.
17 Granby Gold Inc. Highland Valley Project
7 REFERENCES
Ferguson, D. (2017): Personal communication, Eagle Quarry. Hoy, T. (2016): Geology of the Kettle River Area, Almond Mountain Project, Southern British Columbia (NTS082E/07). In Geoscience BC Summary of Activities 2015, Geoscience BC, Report 2016-1, p 23-34. Kidlark, R. (1990): Geological report on the Cascade Coral property, Greenwood Mining Division, B.C. Private report for 1885 Holdings Ltd. Assessment report 20569. Templeman-Kluit, D. (1989): Geology, Penticton, West of Sixth Meridian, GSC Map 1736A. White, G.V. (1986): Dimension Stone Quarries in B.C. B.C. Ministry of Energy, Mines, and Petroleum Resources, Exploration in B.C. 1985, Part B. White, G.V. (1987): Dimension Stone Quarries in B.C. B.C. Ministry of Energy, Mines, and Petroleum Resources, Geological Fieldwork, 1986, Paper 1987 - 1.
18 Granby Gold Inc. Eagle Project
8 ENGINEER’S AND GEOLOGIST’S CERTIFICATE
LOCKE B. GOLDSMITH, M.SC., P. GEO., P. ENG.
1. I, Locke B. Goldsmith, am a Registered Professional Engineer in the Provinces of Ontario and British Columbia, and a Registered Professional Geologist in the Province of British Columbia and the States of Oregon, Minnesota, and Wisconsin. My address is 601–150 24th St., West Vancouver, B.C. My occupation is that of Consulting Geologist.
2. I have a Mining Technician Certificate from the Haileybury School of Mines, a B.Sc. (Honours) degree in Geology from Michigan Technological University, a M.Sc. degree in Geology from the University of British Columbia, and have done postgraduate study at Michigan Technological University and the University of Nevada. I am a member of the Society of Economic Geologists and the AIME.
3. I have been engaged in mining exploration for the past 59 years. I have conducted exploration programs and evaluations of mineral deposits worldwide.
4. I have written the report entitled, “Eagle Project, Geology, Kettle Valley Area, Greenwood Mining Division, Beaverdell, British Columbia, Canada”, dated October 3, 2017, and amended May 2, 2018. The report is based on published and unpublished geological reports, maps, and data collected during a 2017 exploration program.
Respectfully submitted,
Vancouver, B.C Locke B. Goldsmith, P.Eng., P.Geo. October 3 2017 Consulting Geologist Amended May 2, 2018
19 Granby Gold Inc. Eagle Project
9 COST STATEMENT, 2017 PROGRAM
Personnel
L.B. Goldsmith, ½ June 8, ¾ 10, ¼ 12, 5/8 13, 22, 24, ½ 27,
28, 3/8 July 7, total 6 days @ $1,080 / day $ 6,480.00
C. Lee, 5/8 June 13, ½ 27, 28, total 2 1/8 days @ $480/day 1,020.00
7,500.00 7,500.00
Food, Accommodation
Room $ 106.68
Meals 77.83
Total cost of $ 184.51 184.51 184.51
÷ 4.5 man days = $ 41.00 / man / day
Transportation
4x4 vehicle, 2.25 days @ $100/day $ 225.00
Gas 57.01
298 km @ $0.50/km 149.00
Total cost of $431.01 431.01 431.01
÷ 2.25 days = $191.56 / day
Report
Electronic drafting, prints, scans, materials 2,400.00
Total: $ 10,515.52
20 Granby Gold Inc. Highland Valley Project
Appendix 1 – Eagle field notes, June 2017
EAGLE PROPERTY, GRANBY GOLD INC. Field Notes, L.B.Goldsmith, P.Eng., P.Geo., June 2017
Location Elev Way- Specimen Sample NAD 83 Zone 11U m point N0 N0 E N 350906 5467251 739 1 E-3 Coarsely porphyritic to pegmatitic biotite granite, large feldspar crystals to 5 x 2 cm. Beaverdell Granite Quarry on cliff face. Occasional widely-spaced joints. Foot of broken quarried rock, shaped blocks to 2 x 1.5 x 1 m. Unfractured centre of face. East side fracture 300° 58° SW with andesite porphyry dyke contact, and 315° 54° SW in granite. Breaks to 040° 85-90° NW (overhang). Breaks to flat joints, 240° 14° SE, spacing between joints of 3 to 8 m vertical.
350736 5467051 750 2 Buildings to west of highway. Power line over highway.
350662 5467035 757 3 House, shed on NE of highway. Active area continues to Waypoint 4.
350391 5467025 765 4 Porphyritic granite. Possibly large block broken from cliffs to the NE. Joints 315° 70° SW, 350° 85° E.
350079 5467200 751 5 Porphyritic granite talus at foot of cliffs. Close-spaced fractures.
349756 5467144 746 6 Junction, highway and track to EQ6 quarry.
349737 5467277 762 7 Porphyritic granite. EQ6 Quarry on cliff face. Feldspars smaller than at Beaverdell Granite Quarry at waypoint 1. Unjointed centre of face, bounded by joints 340° 85-90° W, 080° 80° S, and flat jointing 280° 16° S.
349774 5467298 8 East side bounding fracture, EQ6 Quarry, breaks to andesite porphyry dyke, 040° 66° SW. Joint 290° 08° S.
349737 5467270 9 West side bounding fractures, EQ6 Quarry, breaks to 025° 85-90° NW and 295° 35° S (blocks to 5 m height between low angle joints). Frequency of fracturing /jointing increases W of this point.
350790 5467161 742 10 Beaverdell Granite Quarry. West side bounding fractures/joints 170° 54° W (minor). Frequency of jointing increases SW of this point. Page 1 of 2 349417 5467344 746 11 Porphyritic granite, coarse feldspars, 3 fracture directions, tightly spaced, small blocks in talus. No quarry at this location.
349334 5467283 747 12 Porphyritic granite. Flat jointing and two steep fractures.
348491 5468036 751 13 Porphyritic granite. Slump block. Flat jointing and two steep fractures.
351372 5467119 755 14 Porphyritic granite. Many joint planes, 350° 85° W, 035° 70° NW, 120° 30° N.
351407 5467016 759 15 E-5 Porphyritic granite. Joints 040° 60° NW, 125° 80° S. Cold sontact with basalt dyke, 040° 60° NW. Dyke to SE, dragged down plane. Basalt specimen. Dyke 1 m wide, SE contact with porphyritic granite 020° 70° NW. Porphyritic granite fractured parallel to contact and 3 more directions.
Porphyritic granite from last observation.
351447 5466952 756 16 E-6 Porphyritic granite contact with basalt porphyry, 090° 50° S. Specimen of basalt porphyry.
351860 5467551 833 17 Boyer Creek Forest Service road, Fork 'A'. Follow W branch, Boyer 101 road.
351680 5467786 895 18 Rounded granite boulders.
351761 5467974 908 19 Rounded granite boulders. End of track.
351723 5467175 20 Granite, closely spaced fractures 65° S, 75° NW
348501 5467980 742 21 Junction, hwy and track to porphyritic granite. Small ballast quarry on cliff, only small blocks in broken rock. Graham Pit (Highways).
348600 5467917 752 22 Highways Dep't gravel pit. Beginning of track to proposed EQ4 Quarry site.
351575 5466771 754 23 Junction with Hwy 33. Hwy marker, 14 km to Beaverdell.
349747 5467164 739 24 Junction, steep track NE towards cliffs.
348262 5468955 750 25 Granite rubble, talus.
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