Gold Bridge Properties
ASSESSMENT REPORT ON THE GEOCHEMICAL, AND PROSPECTING THE GOLD BRIDGE MINERAL CLAIMS
Tenures 696374, 704730, 704734, 704752, 708922
Lillooet Mining Division
Property Location
Southern British Columbia
BCGS 82L.008
Longitude and Latitude
50°8773 N 122°756 W
By David A. Wallach
For
DW Exploration Ltd
July 18, 2012
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Table of Content
1.0 Introduction...... 3 2.0 Summery...... 3 3.0 List of Mineral Tenures and Status...... 4 4.0 Access and Location...... 5 5.0 Regional Geology...... 5 6.0 Physiography, Vegetation and Climate...... 5 7.0 Location Map...... 6 8.0 Claim Map...... 7 9.0 Rock Sample locations Map...... 8 10.0 Sample Analysis Map...... 9 11.0 Certificates of Analysis...... 10 12.0 Conclusion...... 25 13.0 Statement of Costs...... 25 14.0 References...... 26 15.0 Qualifications...... 27
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1:0 INTRODUCTION
This report has been prepared David A Wallach of DW Exploration Ltd., 5241 Cobble Crescent, Kelowna, B.C. in compliance with current assessment report standards for the Province of British Columbia, Event number 5394165.
David A. Wallach holds title to the Carpenter Lake 2, 3, 4, 5, and 8 Mineral Claim’s, located 236 Km north from the City of Vancouver, B.C. The report summarizes the results of geochemical sampling program carried out on the Carpenter Lake 2, 3, 4, 5, and 8 Mineral Claim’s during the month of June and July of 2012.
2:0 SUMMARY
The Gold Bridge property is located in the Lillooet Mining Division of south Western British Columbia. Acceptable access to the property is found 79.5 km north of Pemberton along Meadows road and Hurley River Forest Service road off Provincial Hwy 99. 897.43 hectares consisting of 5 claims make up the total inventory of the Gold Bridge property, which are owned 100% by David A. Wallach (FMC 146010).
Historical records report production of stibnite rich “ore” from the Reliance adit in 1917. Although there are numerous other small workings on the property there is little reported production. The Imperial Zone very near the Senator workings was discovered in 1985.
The property is underlain by intensely deformed portions of the Paleozoic Cadwallader Group metasediments, and ophiolitic Bridge River Complex (Pioneer Group) metavolcanics. Both terranes have an oceanic provenance. These rocks have been intruded by the protracted Late Cretaceous to Early Tertiary Coast Plutonic Complex. All of the Lode gold mineralization in the area is temporally and spatially related to portions of this protracted intrusive episode.
The mineralization on the Reliance property appears to be related to and controlled by several subparrallel northwest striking apparently NE dipping shears, and often contained within second and or third order discreet and anastomozing south striking moderately to steeply west dipping reverse faults and shears. This structural style has similarities to the nearby Minto Mine and other polymetallic vein systems.
From May 1 to September 30, 2008 Reliance completed a $677,905.72 3052.63 metre diamond drilling program in two areas of the property. The first area tested was where moderate gold, arsenic antimony MMI soil anomalies were located. The drill holes confirmed the soil anomalies, however no economic grades of gold mineralization were intersected. The best MMI targets could not be reached by this program due to unroaded very steep topography of the area.
The second area tested was the Imperial Zone which is the best known drill target on the property. The Imperial zone is north striking and steeply west-northwest plunging. Several historical holes were “twinned” and additional ones designed to infill and extend the zone. This program was very successful in confirming the widths of earlier drilling, grade however although encouraging did not match the earlier results. The drilling also confirmed that the Imperial Zone is open at depth to the west.
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3:0 TENURES The Gold Bridge Claims consist of 5 tenures; 696374, 704730, 704734, 704752, 708922
Tenure Tenure Tenure Sub Map Good To Number Claim Name Owner Type Type Number Issue Date Date Status Area (ha) 696374 CARPINTER LAKE 2 146010 (100%) Mineral Claim 092J 2010/jan/08 2014/may/15 GOOD 40.8057 704730 CARPINTER LAKE 4 146010 (100%) Mineral Claim 092J 2010/jan/25 2014/may/15 GOOD 428.3678 704734 CARPINTER LAKE 3 146010 (100%) Mineral Claim 092J 2010/jan/25 2014/may/15 GOOD 244.8639 704752 CARPINTER LAKE 5 146010 (100%) Mineral Claim 092J 2010/jan/25 2014/may/15 GOOD 20.4167 708922 CARPENDER LAKE 8 146010 (100%) Mineral Claim 092J 2010/feb/27 2014/may/15 GOOD 162.9655
4:0 LOCATION AND ACCESS
The Gold Bridge Mineral Claim’s are located approximately 236 kilometers north from the City of Vancouver, B.C. (see Figure 3-1). Access to the claim area is by paved highway to Lillooet, B.C. Lillooet can be reached from Vancouver via Squamish and the Duffey Lake road (Highway 99), or via Lytton in the Fraser Canyon (Highways 1 & 12). From Lillooet, the road along the north shore of Carpenter Lake is taken westerly to a point approximately 12 kilometers east of Gold Bridge, B.C. (see Figure 3-2).
The Tyax claims are accessed though a gravel road northerly towards the claim area and the nearby Tyax Mountain Resort. This gravel road is followed northerly for a distance of approximately 4 kilometers (see Figure 4-1). At this point, about 1.5 kilometers south of the south end of Tyaughton Lake, a main logging haul road is taken North-easterly towards the claim area. Several branch roads off this main haul road provide good access to the claim area.
The Truax W4 is accessed 4 Km south of Gold Bridge, via right hand turn on Lillooet Pioneer Rd for 1 Km with a Left turn on Lost Lake trail, then left on Truax Mt trail, then keep left at old workings for a total of 3 Km. Due to the very steep terrain and heavy avalanche season, the Trail has been severely wiped out in several places, making travel though this area very difficult.
The Truax NW3 is accessed 4 Km North-east of Gold Bridge, via Truax Creek Road then Gray Road and right turn on Steep Creek Road for 300 meters and left on Girl Creek trail for 3 Km until the summit is reached.
The McDonald Lake Claim is accessed from Gold Bridge via Truax Creek Road then Gray Road and right turn on McDonald Creek Road for 1.5 Km until you end up at an old mining camp at the head of McDonald Lake.
A broad northeast-trending ridge is the most prominent topographic feature of the south-central claim area. Elevations on the claims range from about 2300 meters on the south border of the claims to about 1450 meters at the northeast comer of the claims.
A large portion of the claim area covered by the 1996 soil geochemical grid (see Figure 4-1) has been logged off. This logging was not recent, as evidenced by the size of stumps and the height of the sporadic new growth. There was no evidence of standing or running water on the property
Page 4 of 28 at the time the geochemical sampling was carried out (September, 1996).
5:0 REGIONAL GEOLOGY
The regional geology of the Pemberton area has been compiled most recently in 1977 by the Geological Survey of Canada as a portion of Open File Map #482. The pertinent area of this map is reproduced as Figure 5-1A. Description of the various rock units is shown in the map legend, Figure 4B.
Triassic and Jurassic Bridge River (Fergusson) Group rocks underlie the main portion of the study area. These rocks (Unit 3 in Figure 5-1A) consist of sediments, some volcanics and their weakly-metamorphosed equivalents (greenstone, basalt, chert, argillite, phyllite, minor limestone, serpentine and serpentinized peridotite).
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A recent volcanic event, some 2400 years in age has deposited a layer of volcanic ash over the entire area. This ash layer lies close to the surface, usually within about 15 centimeters. The thickness of this ash layer varies with local topography. On side hills the ash layer may only be 20 to 30 centimeters in thickness. In flat areas and depressions the ash layer may be up to 70 centimeters in thickness
0:6 PHYSIOGRAPHY, VEGETATION AND CLIMATE
The Gold Bridge property is located in the Cadwellder Range in the Truax Mountains. Elevations range approximately 2,379 meters above sea level on top of Truax Mountain. Steep tree-less peaks form the upper parts of the mountains with deeply incised drainages creating steep valley flanks.
July is warmest with an average temperature of 12.5 °C at noon. January is coldest with an average temperature of -18 °C at night. Mount Truax has temperate cold and warm seasons, like winters and summers. Temperatures drop sharply at night.
Winter has prolonged freezing periods, with the coldest month most often being December. July is on average the month with most sunshine. The wet season has a rainfall peak around November, the dry season is around the month of August. Mount Truax has a humid (> 0.65 p/pet) climate. The land area is not cultivated, most of the natural vegetation is still intact. The landscape is mostly covered with sparse vegetation. The climate is classified as a dry continental (dry warm summers), , with a boreal moist forest biozone . The soil in the area is high in podzoluvisols, luvisols (pd), soil with clay-enriched lower horizon with deeply tongued albic horizon
Mount Truax can have strong (vi) earthquakes (on average one every 50 years), with occurrences at 5-6 Richter.
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0:7 LOCATION
The Gold Bridge project (GBP) is in the Lillooet Mining Division, 79.5 Km north of Pemberton B.C. (Figure 1)
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0:8 CLAIM MAP (Figure 2)
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0:9 SAMPLE LOCATIONS MAP (Figure 3)
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0:10 SAMPLE ANALYTICAL MAPS
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0:11 CERTIFICATES OF ANALYSIS
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0:12 CONCLUSION
The 2012 exploration program was a modest program due to funds available along with a late spring thaw. With somewhat disappointing results a program will be set up for the summer of 2013 to complete a grid and extensive sampling on the properties.
0:13 STATEMENT OF COST
Exploration Work type Comment Days
Personnel (Name)* / Position Field Days (list actual days) Days Rate Subtotal*
David A. Wallach 6 $600.00 $3,600.00
Mark Peabody 5 $180.00 $1,200.00
Report preparation 3.0 $220.00 $660.00
Transportation No. Rate Subtotal
Truck rental 1 F350 Crew Cab truck 6.00 $50.00 $300.00
Fuel (litres/hour) 247.71 Leters of fuel used 289.21 $1.32 $381.76 side x side 5.00 $66.00 $330.00
Accommodation & Food Rates per day No. Rate Subtotal
Base Camp 31 foot trailer 6.00 $100.00 $600.00
Camp $0.00 $0.00
Meals day rate or actual costs-specify 7.00 $106.00 $742.00
Equipment Rentals
Field Gear (Specify) Chain saw, GPS x2, Hip Chain, ect... 5.00 $61.00 $305.00
Geochemical Surveying Number of Samples No. Rate Subtotal
Rock laboratory costs 9.0 $42.87 $385.87
Freight, rock samples 1.0 $48.00 $48.00
GRAND TOTAL: $8,552.63
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0:14 REFERENCES
Woodsworth, G.J. et a1 (1977): “Geology - Pemberton (924 Map Area”: Geological Survey of Canada Open File Map #482. Joseph E. L. Lindinger, P. Geo. Assessment Report February 7, 2009
0:15 QUALIFICATIONS
David A. Wallach is a 4th generation miner and prospector with 24 years experience from the ground up in open pit & underground drill/blasting, heavy equipment operator, timber man, prospector, geo technical field work, project management, tenure management, general manager, and President/director of a few small private exploration companies.
Experience:
Informing the shareholders of decisions made to move forward, writing annual newsletters. Communications with investors and board members. Oversee operations including promotions and investor relations. Prospecting (recognisance), Grid lay out and sampling. Oversee all Tenure management and Mineral Claim Registration (acquisition); write Tenure management reports and recommendations. Tenure management reports and recommendations, (3700 Tenures in total, 3.7 million acres). Communications with CEO, President, Vice President, Geologists, Contractors, and Directors. Oversee all employees and or contractors (Canadian projects) with safety procedures, Employee ethics and morale. Write Mine Emergency Response Plans (MERP) for each project, (8 projects in total) Budget preparation and allowance. Coordinate all contractors and employees, according to project requirements, wail working within due dates required by projects in order to stay within the aloud budget. Write technical & physical reports (SOW) and submit to the Ministry of Mines and Petroleum. Oversee all Supplies, equipment and tools need for field work, IE, Gridding & sampling, Line cutting, Prep for IP or Titan 24, Trenching, Road building, and Diamond drilling.
Oversee soil/rock sample preparation for shipping to assay lab. Coordinate and oversee all communications and supplies for base camp and workshops. Stocking and taking inventory of supplies. Due diligents for property acquisition and or purchase. Apply for permits for various projects. Attend and man booth for trade shows. NWT Blasting ticket. Driller/ Blaster (Long hole, Drift, Raze). Timberman. Driller Helper (Underground, Open Pit /Tank drill). Diamond driller Helper (Underground & Surface). Heavy Equipment Operator (Rock Truck, Scoop, Tank Drill).
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