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BC Geological Survey Assessment Report 37651

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BC Geological Survey Assessment Report 37651 Ministry of Energy, Mines & Petroleum Resources Mining & Minerals Division Assessment Report BC Geological Survey Title Page and Summary TYPE OF REPORT [type of survey(s)]: GeochemicalTOTAL COST: 11036.20 AUTHOR(S): Lisa Fodor SIGNATURE(S): NOTICE OF WORK PERMIT NUMBER(S)/DATE(S): YEAR OF WORK: 2018 STATEMENT OF WORK - CASH PAYMENTS EVENT NUMBER(S)/DATE(S): 5703183 PROPERTY NAME: Gun Lake Claim CLAIM NAME(S) (on which the work was done): Gun Lake Claim COMMODITIES SOUGHT: Au, Co, Cu MINERAL INVENTORY MINFILE NUMBER(S), IF KNOWN: MINING DIVISION: Lillooet NTS/BCGS: 092J086 o '" o '" LATITUDE: 50 51 10LONGITUDE: 122 52 21 (at centre of work) OWNER(S): 1) Cobalt One Energy Corp 2) MAILING ADDRESS: 1100-736 GRANVILLE ST, VANCOUVER, BC, V6Z 1G3 OPERATOR(S) [who paid for the work]: 1) Cobalt One Energy Corp 2) MAILING ADDRESS: 1100-736 GRANVILLE ST, VANCOUVER, BC, V6Z 1G3 PROPERTY GEOLOGY KEYWORDS (lithology, age, stratigraphy, structure, alteration, mineralization, size and attitude): Coast Plutonic Complex, Bridge River Complex, Serpentinite, Cadwallader REFERENCES TO PREVIOUS ASSESSMENT WORK AND ASSESSMENT REPORT NUMBERS: 09836, 11877, 13953, 15342, 16929, 17025 17703, 18329, 22676, 33252 Next Page TYPE OF WORK IN EXTENT OF WORK ON WHICH CLAIMS PROJECT COSTS THIS REPORT (IN METRIC UNITS) APPORTIONED (incl. support) GEOLOGICAL (scale, area) Ground, mapping Photo interpretation GEOPHYSICAL (line-kilometres) Ground Magnetic Electromagnetic Induced Polarization Radiometric Seismic Other Airborne GEOCHEMICAL (number of samples analysed for...) Soil Silt 19 samples. Field wages + support 1052990 6,608.00 Rock Other DRILLING (total metres; number of holes, size) Core Non-core RELATED TECHNICAL Sampling/assaying assays, delivery, office 1052990 4,428.20 Petrographic Mineralographic Metallurgic PROSPECTING (scale, area) PREPARATORY / PHYSICAL Line/grid (kilometres) Topographic/Photogrammetric (scale, area) Legal surveys (scale, area) Road, local access (kilometres)/trail Trench (metres) Underground dev. (metres) Other TOTAL COST: 11036.20 Stream Sediment Geochemistry Report on the Little Gem Cobalt-Gold Project Gun Lake Claim (Tenure number 1052990) Dickson Range/Gun Lake Area South-Central British Columbia Lillooet Mining Division NTS Mapsheet 092J086 50°51’10” N, 122°52’21” W Written for Cobalt One Energy Corporation Ltd Operated by Cobalt One Energy Corporation Ltd Prepared by Lisa Fodor, P.Geo September 28, 2018 Stream Sediment Geochemistry Report for the Gun Lake Claim September 28, 2018 1 Table of Contents List of Figures ................................................................................................................................................ 2 List of Tables ................................................................................................................................................. 3 List of Appendices ......................................................................................................................................... 3 1.0 Summary ................................................................................................................................................. 4 2.0 Introduction ............................................................................................................................................ 4 2.1 Terms of Reference ............................................................................................................................. 4 2.2 Location, Access and Property Description ......................................................................................... 5 2.3 Physiography, Climate and Infrastructure .......................................................................................... 8 2.4 History ................................................................................................................................................. 9 3.0 Geology ................................................................................................................................................. 11 3.1 Regional Geology .............................................................................................................................. 11 3.2 Property Geology and Mineralization ............................................................................................... 14 4.0 May 2018 Exploration Program ............................................................................................................ 16 4.1 Program Summary ............................................................................................................................ 16 4.2 Sample Collection.............................................................................................................................. 18 4.3 Sample Preparation, Analyses and Security ...................................................................................... 18 5.0 Results ................................................................................................................................................... 19 6.0 Discussion and Conclusions .................................................................................................................. 29 7.0 Recommendations ................................................................................................................................ 30 8.0 References ............................................................................................................................................ 31 9.0 Statement of Qualifications .................................................................................................................. 32 List of Figures Figure 1. Location Map ................................................................................................................................. 5 Figure 2. Claim Map ...................................................................................................................................... 7 Figure 3. Regional Geology (from Warwick, 2012 report) .......................................................................... 12 Figure 4. Regional Geology in vicinity of the Little Gem Project................................................................. 13 Figure 5. Property Geology ......................................................................................................................... 15 Figure 6. 2018 Gun Lake Claim Stream Sediment Sampling Overview Map .............................................. 17 Figure 7. Stream Sediment Assay Results – Au ppm ................................................................................... 20 Figure 8. Stream Sediment Assay Results – Co ppm ................................................................................... 21 Figure 9. Stream Sediment Assay Results – As ppm ................................................................................... 22 Figure 10. Stream Sediment Assay Results – Cu ppm ................................................................................. 23 Figure 11. Stream Sediment Assay Results – La ppm ................................................................................. 24 Stream Sediment Geochemistry Report for the Gun Lake Claim September 28, 2018 2 Figure 12. Stream Sediment Assay Results – Sb ppm ................................................................................. 25 Figure 13. Stream Sediment Assay Results – Ni ppm ................................................................................. 26 Figure 14. Stream Sediment Assay Results – Cr ppm ................................................................................. 27 Figure 15. Stream Sediment Assay Results – Zn ppm ................................................................................. 28 List of Tables Table 1. Gun Lake Claim September 2018 .................................................................................................... 6 List of Appendices Appendix 1. VMS Flocculant Stream Sediment SOP ................................................................................... 33 Appendix 2. Sample Location Collection Information and Assays .............................................................. 41 Appendix 3. Certificate of Analysis ............................................................................................................. 42 Appendix 4. Cost Statement ....................................................................................................................... 59 Stream Sediment Geochemistry Report for the Gun Lake Claim September 28, 2018 3 1.0 Summary The Little Gem Project lies favourably to the NW of the historic Bralorne Gold Mine along strike of the Cadwallader fault zone. Cobalt One Energy Corp completed a stream sediment sampling program over the Gun Lake Claim during May 2018. 19 stream sediment samples were collected in the field and were processed back at camp. 3 significantly anomalous samples were noted, all within the northern portion of the claim block. Sample THLG112SF occurs in the northern most corner of the claim and results included 0.0112 ppm Au, 23.7 ppm Co, and 13.9 ppm As. Assays from samples THLG115SF and THLG124SF included 0.005 ppm & 0.0012 ppm Au, 67.6 ppm & 16 ppm Co, and 18.6 ppm & 53.4 ppm As, respectively. First and foremost, a more in depth compilation and digitization of historic data on the Gun Lake claim is recommended as well as scanning through historic assay results
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