TITAN 24 DC/IP & MT

Case Studies 15 YEARS of Deep Success

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 Kemess Some of our TITAN clients…

 Barrick Gold Corp. o Dept. of Energy (Nevada)  Noranda/Falconbridge Inc. o FNX Mining Company Inc.  Placer Dome Inc. o Breakwater Resources  Tribute Minerals Inc. o New Gold  Barker Minerals Inc. o MILPO  The O.T. Mining Corporation o Almaden Minerals  Lionore Mining International Ltd. o New Nadina Explorations  De Beers Consolidated Mines Limited o Mining Ventures Brazil  Apollo Gold Corporation o Denison Mines  NADR Corporation o Malbex Resources  Kennecott Exploration Company o Areva Resources  Cameco Corporation o Northland Resources  Ontzinc Corporation o Inmet Mining  Goldcorp Inc. o Boxxer Gold  Newmont Mining Corporation o Copper Mountain Mining Corp.  Wallbridge Mining Company Limited o Ormat Technologies  Inco Limited o Huckleberry Mines  Dept. of Energy (Nevada) o Castillian Resources  FNX Mining Company Inc. o Vale Argentina  Kennecott Exploration Company o Romios Gold Resources  Cameco Corporation o Northern Freegold  Ontzinc Corporation o Xstrata Copper  Goldcorp Inc. o Rosemont Copper  Newmont Mining Corporation o Regulus Resources  Wallbridge Mining Company Limited o Agnico-Eagle Mines  Inco Limited o Kazakhmys Exploration Contents

Case studies…

 Porphyry  Uranium  Copper Mountain  Athabasca Basin, AREVA  New Nadina  Athabasca Basin, Dennison  Kemess, BC  VMS  Copper/Gold  Buchan's, Nfld  Red Chris, BC  Kidd Creek,  Trek, BC  Halfmile, NewBrunswick  Carlin Trend, Nevada  Nickel  Shear System Gold  Offset dyke, Sudbury  North Country Gold, Nunavut  Diamonds  Gralheira, Portugal  Jwaneng, Botswanna  Greenstone, Ontario  Epithermal Gold  Chelopech, Bulgaria Case Study: Copper Mountain, BC Copper Mountain Mine- Porphyry Exploration Objectives

o To confirm continuity of mineralization between the pits. o To test and possibly expand reported resources between existing pits in order to identify a new merged pit- known as the “Super Pit.” o To identify the potential for large, deep-seated porphyry deposits through a comprehensive minesite exploration program.

Images of Active Pits and Geology with Titan 24 Line Locations IP Plan (200 m) and 3D Map

IP anomalies centred over current pits

3D image shows continuity of chargeability to depth Integrated 2D IP and Geology Copper Mountain- Survey Results

o Effective survey in a noisy environment o Identification of targets to depth o Confirmation of geologic model o Drilled 37 m of based on Titan 24 results o Drill results led to $29 m of financing o Identified a new merged pit known as the “Super Pit”

In 2008, Copper Mountain succeed in finishing one of the largest drill programs in (106,000 meters) and increased the resource estimate by 45% to 5 Billion pounds of copper. The goal of the program was achieved when the results confirmed continuity of mineralization between the pits.

The Current mine plan merely scratches the surface of the visible anomalies that extend to depth. Copper Mountain will continue to test these deep anomalies and sees “blue sky” potential to develop a world class deposit upon successful proof of mineralization below the planned super pit outline. New Nadina, British Columbia Silver Queen- Porphyry Silver Queen- Exploration Objectives

o To map and define zones that could represent a potential porphyry system as well as related silver and copper deposits. o Identify new targets associated with vein-type mineralization within the Silver Queen project area. o Map and delineate potential porphyry targets for drill testing. DC Resistivity & IP Chargeability Sections Over Target B

Discovery Drill Holes Showing Assay Results

Itsit Discovery at 400m depth

Discovery Drill Holes Showing Assay Results

Itsit Discovery at 400m depth MT Resistivity Section Over Target B

Discovery Drill Holes Showing Assay Results

Open at 1000m depth Itsit Discovery at 400m depth Itsit Porphyry System Silver Queen- Survey Results

o TITAN 24 successfully identified and delineated two new targets (A and B.)

o Drill testing of Target B led to the discovery of the Itsit deposit (a Cu-Au and Mo Porphyry style stock-work mineralization.)

o The 3D DCIP and MT inversion results of the data led to a better definition of the porphyry system outlines and the detection of new highly prospective targets, increasing the size of the deposit dramatically.

o TITAN 24 was very successful at detecting both shallow vein-type and deep- seated Porphyry-style targets associated with significant mineralization to depths of 800m. Northgate Minerals, BC Kemess Mine- Porphyry Kemess North – British Columbia

Porphyry Au – Cu deposit with potential for more ore nearby – rationale for Titan 24 survey Kemess North – Forward Modeling

Modeled geology with geophysical parameters assigned.

Calculated response showing response from mine as well as new targets. Kemess North – Orebody Extension Kemess North - Results

o Mine site characterized using geophysical signatures. o 2 new orebodies found – Altus Zone and Oro Zone -- good value from geophysics (i.e. geophysics works). o Drilling of Titan 24 anomalies led to 141 m of 0.39 g/t Au and 0.31% Cu – largest intercept in camp to date. o Proved ability of system to perform in very rough, mountainous terrain with reliable results to depth. Press release- Northgate Minerals

“With the validation of the Titan system as an exploration tool for the terrain and deposit types in the Kemess camp, additional surveys have been contracted to more completely map out the area around hole KH-07-04, as well as to explore other areas of the Kemess North system and areas adjacent to the Kemess South pit. In addition to this survey work, Northgate will be drilling additional holes in and around the Altus and Ora zones during the 2007 exploration season. Total exploration expenditures on the Kemess property in 2007 are now expected to reach $4 million.”

Ken Stowe, President and CEO Imperial Metals, BC Red Chris: Cu-Au Red Chris- Exploration Objectives

o To define the depth and strike length potential of the Cu-Au mineralization prior to full mine development and to guide additional deep drilling. o To define the quartz stockwork system containing the mineralization to depth and to determine if the system is connected solely to the Red stock monzonite. o To assist in the targeting of deep exploration holes. Advanced Stage Survey

2007 drill results revealed the potential for high grades beneath the current pit design. A Titan 24 survey tested to depth. TITAN 24 DC/IP & MT Survey

o Red Chris TITAN 24 survey line location (blue,) proposed open pit outline (brown) and detail section profile location (red.)

o Survey grid of 13 lines.

o A total of 30 line-kilometres of DCIP and MT was completed (40 line- kilometres with current extensions.)

o 2.4 km line length, 400m spacing. Red Chris – Looking West Section

DC Resistivity MT Resistivity IP Chargeability Red Chris – Geophysical Long Section

IP Chargeability DC Resistivity

MT Resistivity Red Chris- Survey Results

o DCIP suggests that mineralization extends to depths greater than 1 km. o IP indicates significant depth to mineralization. o Lithology mapped out by MT in particular, by resistivity in general. o Bounding fault structures are imaged by DC and MT resistivity. o Red Chris mineralization appears to extend to depth and along strike. o The Red Chris and Red Stock vein systems extend to depths beyond the extent of previous drilling. Romios Gold Resources Inc. Trek Property, BC, Canada Romios Gold Resources Inc.

Romios_2011-06-21_Trek_NI_43-101 Romios Gold Resources Inc. Romios Gold Resources Inc. Romios Gold Resources Inc.

“A new, high-grade copper discovery, called the ‘Lower Breccia Zone’, lies below the known mineralization at the North Zone and was intersected during the 2011 drill campaign. It is spatially coincident with a large and conductive geophysical anomaly previously identified by the Titan 24 geophysical surveys.” Romios, Pess Released 20120305 (TrekStatusASM) Romios Gold Resources Inc. Newmont, Nevada Copper Basin: Cu-Au-Mo Copper Basin- Nevada

Newmont’s Buckingham stockwork molybdenum deposit is located in the Copper Basin area of Nevada. It comprises a Late Cretaceaous calc- alkaline porphyry system estimated to contain more than 1,000 million tons of mineralized rock averaging 0.10 weight percent Mo and small amounts of Ag, W, Cu and Au. Copper Basin- Nevada

A Titan 24 survey was conducted across an area of historic Cu and Cu-Au open pit mining in the Copper Basin area of Central Nevada.

The aim of the survey was to map chargeability anomalies associated with potential secondary supergene chalcocite copper mineralization and copper Skarn hypogene mineralization. The survey traverses an area between historic open pits. TITAN 24 DCIP & MT Survey Profile

Top panel: EVA rotated PW 2D inversion;

Middle panel: DC Resistivity UBC smooth inversion;

Bottom panel: Chargeability UBC smooth inversion. Copper Basin- Results

o Intrusives mapped to depth o 3 priority drill targets identified from IP o Further justification to perform additional surveys North Country Gold, Nunavut Three Bluffs: Gold Three Bluffs: Exploration Objectives

o To use TITAN 24 as a cost effective means of identifying drill targets. o To detect deep conductive zones that reflect extensions of known mineralization. o Complete an orientation survey to identify additional conductive zones or ‘blind’ conductors in the immediate Three Bluffs area. Three Bluffs- Survey Results

Volumetric illustration of 3D resistivity iso-surfaces with historic drill-holes and simplified geology representing banded iron formation.

Volumetric illustration of 3D chargeability iso-surfaces with historic drill- holes and simplified geology representing banded iron formation. Three Bluffs- Resource Estimate Three Bluffs: Survey Results

o Titan 24 successfully identified at least five geophysical anomalies in the DCIP results from near surface to approximately 500 m depth. Three anomalies were classified as high priority targets. o A deep conductor more than 300m deep was identified as a high priority target (potential extension of known mineralization.) o Resistivity lows extend to least 500m depth over much of the surveyed area, further supporting the potential to extend significant gold mineralization to depths beyond those drilled to date. o The deposit comprises a current NI 43-101 compliant resource of 2.7 Mt at 5.85 g/t gold for 508,000 oz gold (indicated) and 1.27 Mt at 5.98 g/t gold for 244,000oz gold (inferred). St. Elias Mines/ Kernow Resources JV, Portugal Gralheira/Jales: Gold Grahleira/Jales Property

 The Gralheira/Jales Gold Property covers approximately 1,250 acres (500 hectares) and is located in northern Portugal. The

 The Gralheira gold and silver deposit lies 700 metres north of the Jales mine and is contained within an extensive mineralized shear zone that extends for 3,000 metres.

 The main gold mineralization is hosted within a system of sub-parallel veins ranging from 0.5 m to 1.5 m in width.

 Jales was mined to a depth of approximately 620 m and is known to be a mesothermal system, as is Gralheira. Exploration Objectives

 To prove that the vein system continues to depth.

 To strengthen the geologic understanding outside of previously drilled areas, and to reduce overall drilling costs by eliminating unprospective ground from exploration drilling.

 To enhance exploration efforts in the vicinity of the mine, providing drill targets related to satellite ore bodies. A) L100W – SHARP 2D IP CHARGEABILITY

Shallow Chargeability Deep Targets (<500m) Chargeability Targets (>500m)

B) SMOOTH 2D DC RESISTIVITY

Low Resistivity Zone Extending to Depth C) EVA-ROTATED PW 2D MT RESISTIVITY

Deep Low Resistivity MT Targets (>500m) TITAN 24 Survey Results

 TITAN surveys have identified over 15 major chargeability high and resistivity low anomalies, that are consistent with vein-gold mineralized zones, and lie buried from 100-750m depth.

 Anomalies are oriented along 5 linear trends (A-E) that extend across the property.

 Zone A corresponds to the main Gralheira vein system. It is mapped from surface to >500-750m depths as an IP high feature. Additional secondary veins are indicated north of main Gralheira system.

 Zone B is a secondary system that subcrops and lies south of Gralheira. Zone D is a buried system north of Gralheira. Zones E and C are deeper features with weaker IP signatures.

 Twenty-five anomalies are drill-targeted, including 8 first priority features that offer sufficient strength and depth-extent. Follow-Up Drill Results

 Prior to this drill program, the majority of holes previously drilled along the 2,000 m strike length of Gralheira tested for mineralization only between the surface and a depth of 200 m.

 The single deepest previous intercept was 300 m below surface

 The drill program consisted of 11 drill holes, some intersecting high grade gold and silver mineralization. The drill program successfully intersected mineralization up to 511 m below surface, with most drill holes intersecting mineralization between 380 m and 480 m below surface. Queenston Mining, Ontario Upper Beaver: Gold/Copper Upper Beaver- Ontario

Upper Beaver Mine produced 140,000 oz of Au and unknown amount of Cu during 1920’s Upper Beaver- Overview

 Three main zones of mineralization

 Underlain by mafic volcanic rocks to the north and felsic volcanic rocks to the south.

 Syenite plug intrudes mafic volcanics north of main shaft.

 In 2005 and 2006 Queenston completed 73 drill holes outlining multiple Au - Cu zones lying adjacent to and below the Upper Beaver mine. Upper Beaver – South Contact Zone

 MT, DC, IP and IP Plan Map

 Altered and mineralized zones in silicified, epidotized, carbonated, and brecciated mafic volcanic and sedimentary rocks

 Significant IP response

 Low DC / MT response Upper Beaver – Beaver North Zone

 MT, DC, IP and IP Plan Map

 Series of steeply north dipping breccia zones containing chalcopyrite, magnetite, pyrite and visible Au in a variety of rock types

 Significant IP response

 Conductive DC / MT response Upper Beaver – North Basalt Zone

 MT, DC, IP and IP Plan Map

 Steeply dipping zones of Au and Cu mineralization in brecciatred and altered basalt at north contact of syenite plug.

 No IP response

 Distinctive DC / MT response Upper Beaver – TITAN 24 Results

 Distinct signatures corresponding to three zones of mineralization

 Mineralization over Ming Mine characterized.

 In addition, five new zones postulated based on signatures

 Three are high priority – two are lesser anomalies Dundee Precious Metals, Bulgaria Chelopech, High Sulfidation Epithermal Gold Geology and Physical Properties

Rock Type Resistivity Chargeability

Carbonate sediment 1 000 -m 0.1 mrad Flysch sediment 200 -m 0.2 mrad Sandstone sediment 100 -m 1 mrad Andesite volcanic 200 -m 5 mrad D F Massive Sulphide 1 -m 100 mV/V

Metamorphic 500 -m 10 mV/V basement (@ 1km) Section AB

B C Block 151

A B

250 -

Kapitalna Shaft 500m 0 200m Block 109 E

A Block 103

GEOLOGY LEGEND Plan View - Chelopech Deposit Level 405 FLISH ANDESITE N LIMESTONE SILICA ENVELOPE Slice of level 405 RL SANDSTONE >4 g/t Au eq Block 109 ANDESITE TUFF FAULTS

ANDESITE BRECCIA 0 100 200 METRES

Block 151 Block 151

Digital images & Physical Properties from Balkan Resources Ltd.

Chelopech Deposit - Western Zone GEOLOGY LEGEND Cross Section 4 g/t Au eq FLISH ANDESITE

LIMESTONE SILICA ENVELOPE

looking SW SANDSTONE >4 g/t Au eq

ANDESITE TUFF DRILLHOLE

ANDESITE BRECCIA 0 100 200 METRES CASE 1: Titan DCIP Inversions over Section AB - Chelopech West

This is a Geophysical Chargeability Model of This is a Geophysical Resistivity Model of Section AB Showing 109 & 151 Orebodies Section AB Showing 109 & 151 Orebodies

<1mrad 100-1k ohm-m Sediment Cover Sediment Cover

100mrad 1 ohm-m Sulphides Sulphides 5mrad Andesites 200 ohm-m Andesites

10mrad Metamorphic Basement 500 ohm-m Metamorphic Basement CONCLUSIONS: CHELOPECH-TYPE OREBODIES AT 250-800m DEPTH ARE DETECTABLE This is a 2D IP Geophysical Inversion Model that This is a 2D DC Geophysical Inversion Model that Explains the Titan IP Profile Response across AB Explains the Titan DC Profile Response across AB

Note: a) Orebodies Detected but Not Resolved Note: a) Orebodies Detected but Not Resolved b) Anomalies Above & Below are due to Contacts b) Geologic Contacts Above Zone well Resolved CASE 2: Titan DCIP Inversions over Section AB with Satellite Orebodies

This is a Geophysical Chargeability Model of This is a Geophysical Resistivity Model of Section AB with Additional Satellite Orebodies Section AB with Additional Satellite Orebodies

CONCLUSIONS: SATELLITE OREBODIES AT 250-800m DEPTH ARE POTENTIALLY DETECTABLE AND RESOLVABLE WITH TITAN DCIP.

This is a 2D IP Inversion Model that This is a 2D DC Inversion Model that Explains the Titan IP Profile Response across AB Explains the Titan DC Profile Response across AB

Note: a) Orebodies Detected but Not Resolved Note: a) Orebodies Detected but Not Resolved b) Satellites Detected Appear Mod-well Resolved b) Satellites Detected & Appear Mod-well Resolved Constrained DCIP Inversions over Section AB with Satellites Resistivity Reference Resistivity Reference Constrained 2D Ratio-Resistivity for for Fwd Model Data Resistivity Inversion Constrained DC Inversion for Constrained Inversion

CONCLUSIONS: Constrained DCIP Inversions Improve Resolution and Detectability in areas of Known Geology.

Chargeability Reference Chargeability Reference Constrained 2D Delta-Chargeability for for Constrained Inversion for Fwd Model Data Chargeability Inversion Constrained IP Inversion

Correlation with known Correlation with known New knowledge in historic camp New deep targets Deep structure identified Chelopech: Minesite imaging benefits

 Principal ore body characterized  New targets with signatures similar to main ore body discovered  Rapid exploration  Effective drill budgeting based on targeting  Effective exploration demonstrated in very mature setting Areva Resources, Athabasca Basin Shea Creek: Uranium Exploration Objectives

o Define DC, IP and MT signatures associated with known Uranium- bearing alteration zones at Colette, Kianna, and Anne Areas.

o Test Titan multi-parameter capability, particularly Magnetotellurics, in direct comparison with Galvanic Pole-Pole Array DC Resistivity and Moving-Loop Transient EM currently used. Shea Creek- Survey Results Shea Creek- Survey Results Shea Creek- Survey Results

 Field surveys corroborated Quantec’s initial MT & DC synthetic modeling studies.

 Titan results corroborate historical Alteration zone resistivity lows.

 DCIP data provides more focused resistivity mapping in sandstones.

 Titan MT results corroborate historical UTEM basement graphitic conductors and also Sandstone alteration zones; MT has the capability of mapping both types of geologic features in a single survey. Denison Mines, Athabasca Basin Phoenix Deposit, Wheeler River Project: Uranium Phoenix Deposit

 The Phoenix Deposit, discovered in 2007 by a TITAN 24 survey, is an unconformity- type uranium deposit on the southeastern margin of the Athabasca Basin, located approximately midway between the McArthur River mines and the Key Lake mill.

 The Phoenix deposit has been identified along a strike of 900+ m, associated with a graphitic shear zone adjoining a basement quartzite ridge Exploration Objectives

o To use TITAN 24 DC/IP to help delineate structures containing unconformity Uranium mineralization for efficient drill planning. o To construct a complete geophysical map of the property to better understand basement structure.

Previous Exploration A TITAN 24 survey conducted in 2007 clearly identified the alteration zone associated with Phoenix as a conductive zone protruding through the unconformity. Several follow-up surveys conducted in subsequent years provided a detailed and comprehensive map of basement structures, and mapped the Phoenix zone along strike. Drilling has mapped a high-grade zone over a strike of 250+ m, and the deposit remains open in all directions. DC Resistivity Plan Map, 450 m Depth Titan 24 Survey Results

 The structure hosting the Phoenix deposit is well defined as a conductive lineament in the basement.  Several other conductive lineaments in the basement provide secondary exploration targets.

TITAN 24 DC Resisitivity Section, Line 4000N Assay Results for Phoenix Deposit Rambler Metals & Mining, Newfoundland Ming Mine: VMS Rambler- Newfoundland

Ming Mine ore is from a special class of VMS deposits that are Au rich Exploration Objectives

 Provide targets related to conductive / polarisable horizons, pods, and massive to disseminated Cu, Zn, minor Pb, Au and Ag ore from known zones.

 Help identify mineralization types - stratiform volcanogenic massive sulphides , disseminated stringers of sulphides in the footwall zone, and epigenetic shear- hosted mineralization overprinting massive and footwall ore.

 Titan 24 chosen for its high resolution, deep drill targeting capabilities and effectiveness in minesite environments. Rambler- Survey Results

 Orebody shown in Red.

 Depths are 700 m for IP, DC and 1300 m for MT.

 IP does not outline orebody; may be too deep to resolve – another strong IP signature present.

 Resistivity sees the top of the orebody but does not terminate.

 Both sets of MT results show anomalies for orebody and possible extension to depth. Rambler- Stacked MT Plan Maps

 Orebody shown in Red.

 Depth estends to 1300 m.

 MT shows that Ming orebody occurs at the juncture of two structures.

 East – West structure dominates from 200 m to depth.

 Northwest structure present from 200 m to 600 m. Rambler- Stacked MT Plan Maps

 Orebody shown in Red.

 Depth extends to 1300 m.

 IP shows that Ming orebody has an IP signature except where ore has been mined.

 East – West anomalies near bottom right corner thought to represent a thrust fault.

 Possible source of mineralizing fluids. Rambler- Survey Results

 2 distinct geophysical targets termed a priority for drilling with other lower priority anomalies.

 Anomalies associated with the Ming Mine and satellite ore dip steeply to the northeast, and appear as an MT conductivity high, resistivity contrast in DC, and an IP high.

 Opportunity for additional mineralization at depth (- 600m) to the east of the central north-northwest fault zone.

 DCIP and MT data quality is good. Some cultural influences on all lines from power lines and infrastructure. Falconbridge/Xstrata Copper : Timmins, ON Kidd Creek Mine: VMS

Falconbridge Ltd.

ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES Kidd Creek Copper-Zinc Silver Deposit

 Located in Timmins, Ontario

 The Kidd Creek Deposit lies within the Abitibi greenstone belt

 Xstrata Copper and its predecessors have been mining the Kidd Creek copper/zinc deposits since 1965.

 The Kidd deposit is one of the largest VMS ore deposits in the world, and one of the world's largest base metal deposits

 The Kidd mine is the deepest mine below sea level in the world Kidd Creek Titan 24 Survey Line Locations

Titan 24 Lines

Mine Buildings and Workings

Kidd Creek Open Pit 0 1 km Kidd Creek- Ontario

Drillhole Intersection Points

Massive Sulphide Intersection Graphitic Argillite

Unconstrained Inversion Surface

400m Below Surface

800m Below Surface

DC IP Resistivity ohm.m DC IP Anomaly 10,000 DC IP Anomaly North Rhyolite 5,000 Chance (32.3 mvolt/volt) (33 mvolt/volt) Rhyolite Horizon with local Massive Sulphide Mineral MS Py & Graphite Occurrence with Graphite 1,000 176,900 tonnes grading 12.8% DDH 2152 500 Zn, 3.24% Pb, and 178g/t Ag 155.8-160.5 Graphite 166.1-167.6 MS Py DDH K64-02C 425-428 MS Py-Sph 15-20% Zn DDH 2390 100 428-444 Graphitic Argillite 194.4-196.3 40% Py 50 KIDD CREEK VMS Mine site survey In this blind test, of 50 targets supplied 45 were direct technical successes in the top 800 metres, 5 new untested features were found

Penetrated conductive Drillhole Intersection overburden > 50 metres Titan DC resistivity data corresponds very Points well to known geology North Rhyolite w.r.t. Massive Sulphide Depth resolution(>500m), Dip indications Intersection Contacts/ true-Widths, and vertical Extent Graphitic Argillite

Surface 100’s of barren Cluster of MS Py drill holes in Intersections 400m Below this volume 520m Below Surface over 15 years Surface = greater than 800m Below $15M Surface

Titan DC Resistivity Line 108

DC IP Resistivity ohm.m Chance Mineral Occurrence 10,000 400m below Surface 5,000 Undetectable by traditional technologies 1,000 Massive Sulphide with Graphite 500 176,900 tonnes grading 12.8% Zn, 3.24% Pb, and 178g/t Ag Focused drilling saves 100 800 m TIME & MONEY ! 50 Kidd Creek- Ontario

Where to Drill?

 Millions of dollars spent on drilling diamond drill holes ending in the barren rhyolite (circled area).

 Titan 24 DCIP/MT survey indicated that the rhyolite was barren Kidd Creek VMS Deposit Constrained 2D MT RATIO-M Analysis in Gocad (Difference Between Actual and Predicted Model) L11600N L11400N L11200N L11000N L10800N

Differences Represent Areas of Interest for Follow-up North Rhyolite

Chance

Graphitic Argillite

2000 m

Kidd Creek Ore Body 0 500m View from Above / SE TITAN 24 Survey

 Depth  Resolved sulphides and graphite to 750 metres (IP)  Mapped rhyolite unit to over 1 kilometre (MT)

 Overburden  Penetrated over 50 m of conductive cover

 Noise  Titan survey conducted at Kidd Creek Mine & Mill site

 Accuracy  Resolved Chance deposit that was undetectable by conventional means  45 out of 50 anomalies were drill proven  No false anomalies TITAN 24 Benefits at Kidd Creek

 New targets identified in a mature setting

 $20 million in exploration drilling of deep barren holes over 15 years could potentially have been saved

 Rapid exploration Trevali Mining Corp., New Brunswick Halfmile Mine: VMS Halfmile Mine- New Brunswick

 Conventional geophysics had failed to detect and map to depth the largest of the three massive sulfide lenses found at the Half Mine base metal VMS deposit in New Brunswick. The deepest and largest sulfide lens was left undiscovered for decades. As a result, the full value of the deposit was not known. Halfmile Mine- New Brunswick

 The Halfmile Mine is located in northern New Brunswick, Canada, approximately 60 kilometres southwest of Bathurst and 40 kilometres from the Brunswick 12 Mine in the Bathurst Mining Camp. The property consists of 73 claims and covers an area of 1,104 hectares.

 The property was heavily explored by Xstrata Zinc and its predecessor companies at intervals since the 1960s. Trevali believes that its Halfmile and Stratmat properties represent the largest and highest-grade undeveloped deposits in the Bathurst Mining Camp.

Geology  The Halfmile Property contains 4 sulphide zones: Upper, Lower, Deep and North. The deposit is a volcanic-sediment-hosted massive sulphide deposit and is one of over 45 massive sulphide deposits in the Bathurst Mining Camp. Rocks are of Ordovician age and have undergone a complex history of polyphase folding and faulting. The deposit is structurally overlain by rhyolitic and dacitic rocks as well as disconformable quartz-wackes and pelites. Half Mile Mine- TITAN 24 Results

 TITAN 24 detected and mapped the vertical extent of the Half Mile base metal VMS deposits in New Brunswick, to a depth of over 1500 m. As a result Titan 24 was able to map the largest and deepest massive sulfide lens that was discovered several decades after the initial discovery of the near surface zone.

2 Km FNX, Sudbury Norman, Nickel Sulfide Norman & Levack- Sudbury, ON

 The Norman and Levack mine site properties are located just outside of Sudbury, Ontario along the known Sudbury contact, footwall and offset Ni-Cu massive sulfide mineralization. The Sudbury structure has been accepted to have been caused by a giant meteorite impact. TITAN 24 Survey

Depth  MT detected 2000 Zone at over 600 m depth off-section to survey.

Noise  Titan survey conducted in area of power lines and railroads.

Accuracy

 Survey mapped bottom of Whistle Open Pit and Whistle Wildcat ore zones.  All known mineralization mapped in a mature environment.

Norman: Offset Dyke-Hosted Ni+TPG Geologic Cross-section Norman Plan View

5250m Titan Survey N Lines (l=2.4km)

Parkin Dyke North Zone South Zone Whistle 2000 Zone Open Line 5400 Pit Line 5250 (filled) Line 5100 Line 4950 Hanging Line 4800 Wall Footwall SIC Contact 1975m Unconstrained 2D DC Resistivity Inversion

North & South Zones Whistle Open Pit

Whistle Wildcat Survey lines

2000 Zone

100K (log ohm-m) 1K Unconstrained 2D IP Inversion

North & South Zones Whistle Open Pit 2 Km Whistle Wildcat Survey lines

2000 Zone

0 (milliradians) 50 Unconstrained 2D MT Inversion

North & South Zones Whistle Open Pit

Whistle Wildcat Survey lines

2000 Zone

100K (log ohm-m) 1K Resistivity for Deep Conductors De Beers, Africa Jwaneng Mine: Diamonds Jwaneng- Minesite Survey

Jwaneng Diamond Mine is the richest diamond deposit worldwide by value and a key driver in Botswana mining Jwaneng Mine- Overview

 Kimberlite pipe discovered in 1972.

 Comprises three steep-sided pipes that connect to each other approximately 100m below the present day surface. The pipes are referred to as the South, Centre and North lobes.

 Jwaneng pipes are dominated by two types of kimberlite – a volcaniclastic kimberlite and a dark pyroclastic kimberlite.

 Titan 24 survey objective was to image lobes to depth for reliable mapping of deposit size and geometry. Exploration Objectives

 To determine the geo-metric characteristics of the pipe well below the limitation of current physical information from mining and drilling.

 Improve mine planning and provide future cash flow implications by better estimating future mining potential.

Exploration Challenge:

 Operating within the active mine environment while collecting accurate and useful information in an extremely culturally effected area. Jwaneng- Survey Results

 Titan mapped geometry of kimberlite pipe to 800m.

 Resistivity contrasts within the kimberlite, associated with different diamond bearing facies were mapped with the Titan 24 data. These results impact delineation drilling, mine planning and discovery processes.

 Titan survey imaged effectively at an operating diamond mine.

 Highlighted priority zones for the next step drilling.

Titan 24 MT Resistivity

o Images of pipes to 800m.

o Varying resistivities within pipe correlating to different facies.

o Side walls mapped to +/-25m.