REPORT OF DRILLING

ON THE

McFAULDS LAKE PROPERTY PORCUPINE MINING DIVISION

OF FREEWEST RESOURCES INC.

FOR FREEWEST RESOURCES CANADA INC.

By James G. Burns B.Se., P .. Eng. 190 Graye Crescent, Timmins, Ontario, P4N 8K8 April 15, 1005 TABLE OF CONTENTS Page Table of Contents...... -i- INTRODUCTION ...... 1 PROPERTY DESCRIPTION AND LOCATION ...... 1 ACCESS & PBYSIOGRAPHY...... 1 EXPLORATION mSTORY General ...... 2 Company Reports ...... ,...... ,...... 2 Government Reports ...... ,...... 3 GEOLOGICAL SE'ITlNG ...... 4 DRILLING ...... 5 SAMPLES AND ANALySES...... 6 MINERALIZA nON ...... 6 CONCLUSIONS ...... 7

APPENDICES

APPENDIX 1 Drill Log FWM-04-O 1...... 9 APPENDIXU Assay Certificate TB04023388 ...... 10

LIST OF TABLES

TABLEt Freewest Resources Canada Inc: McFaulds Lake - Claims Data ..... 8

LIST OF FIGURES After Page FIGURE 1 General Location Map ...... 8 FIGURE 2 Location Map...... 8 FIGURE 3 Topographic Map ...... 8 FIGURE 4 Claim Map ...... 8 FIGURE S Physiography ...... 8 FIGURE 6 Regional Geology ...... 8 FIGURE 7 Grid Location Map ...... 8 FIGURE 8 Drill Section for FWM-04-Ol...... 8

- i - INTRODUCTION

Freewest Resources Canada Inc. (Freewest) hold the mineral rights to 5 staked mining claims comprising 76 claim units (nominally 1216 ha) in the McFaulds Lake area in the Lowlands of north central Ontario. The company first became active in the general area as a direct result of a copper discovery made in 2002 by De Beers during a exploration program Since the beginning of Freewest's exploration efforts in the area the author, as an independent contractor I consultant to Billiken Management Services Inc. (Billiken) who have the management contract with Freewest for exploration on the property. has been involved as an on site field supervisor for the Freewest exploration programs.

PROPERTY DESCRIPTION AND LOCATION The McFaulds Lake property is located in the James Bay Lowlands of north central Ontario some 580 km NW from the city of Timmins and 530 km NNE form the city of Thunder Bay (Figures 1 & 2). Geographical coordinates for the northeast comer of the claims are 52° 45.4' north latitude by 86° 10.0' west longitude. The property lies within NTS areas 43 DI16 (Figure 3), and is located some 12 km WSW of the De Beers' discovery now being explored by Spider Resources Inc. (Spider) and KWG Resources Inc. (KWG). A total offIve (5), staked, unpatented, unsurveyed contiguous claims (76 claim units,

2 approximately 1216 hectares or 12.16 km ) comprise the McFaulds Lake property. These are listed in Table I, and are all located in Base Map Area (BMA) 527861 (Claim Map G- 4306), Porcupine Mining Division (Figure 4). All claims are registered 100% in the name of Free west Resources Canada Inc.

ACCESS & PHYSIOGRAPHY At present the property is accessible only by air using float equipped aircraft during the ice free months and ski equipped aircraft in winter. The closest bases with these type of aircraft are at Nakina -295 km. to the south, Pickle Lake -325 kIn to the WSW and Hearst -360 km to the SE (Figure 2). Winter roads connect the First Nation communities ofWebequie, Neskantaga (Landsdown House) and Ebametong (Fort Hope) to Pickle Lake and Marten Falls to Nakina. A forestry access road that may be used year round extends from Nakina to within approximately 60 kID of Ebametong. Webequie, located approximately 85 km WNW from McFaulds Lake. is the nearest community. The topography in the area is flat (Figure 5). Across the property the elevation ranges from 165 to 170 m above sea level. String bogs interspersed with numerous small ponds and muskeg 2 swamp dominate the landscape. Drainage is to the northeast via tributaries to the Muketei River. Vegetation is typical for a fringe area to a boreal forest. Tree cover is generally sparse and stunted, with the larger trees found in the better drained areas close to rivers, creeks~ lakes and ponds. Dominant species include black spruce and tamarack with much lesser quantities of balsam, birch, jackpine and poplar.

EXPLORATION mSTORY General Prior to the exploration efforts of Spider and KWG, the area about McFaulds Lake had been subjected to very little if any work by companies and only cursory work by government agencies. Records of past exploration that are in the assessment mes of the Timmins Resident Geologist's office were reviewed, and the only reports on file for the general vicinity of McFaulds Lake were produced by Spider I KWG or DeBeers.

Company Reports 1995 -1996 Spider Resources Inc. I KWG Resources Inc. : (Spider I KWG) The exploration efforts by Spider / KWG in the Spider #3 area, which includes the McFaulds Lake area, entailed a high resolution fixed winged magnetometer survey over the Spider #3 area, helimag surveys over 48 targets selected from the airborne survey, ground magnetic surveys over selected airborne magnetic anomalies, a stream sediment sampling program, limited bedrock mapping, an air photo interpretation and the drilling of2 core holes. Some data was sold to OGS as part of Operation Treasure Hunt. Other work was never filed for assessment credits.

2001 -2002 DeBeers Canada Exploration Inc. : (DeBeers)

In the McFaulds Lake area, DeBeers conducted an exploration program (as part of a larger program in the Spider #3 area) over a magnetic anomaly, designated SP3-OO29 (the McFaulds magnetic anomaly), that consisted of: • A combined helicopter borne magnetic and electro-magnetic survey: - The survey was flown on north - south lines spaced 50 m apart at a nominal altitude of 20 m, and covered an area 1.6 x 1.6 km centred on the McFaulds magnetic anomaly. Apparent resistivity results calculated from the electromagnetic data showed a strong correlation with the McFaulds magnetic high. A satellite apparent resistivity anomaly was detected approximately 1 km to the north. • A ground magnetic survey: • This work was completed on lines oriented north - south and spaced at 50 m intervals. The McFaulds magnetic anomaly was defined in detail. • One vertical reverse circulation drill hole: - Hole SP3.Q2-007R was drilled to test the McFaulds magnetic anomaly. An abbreviated log for this hole follows. 3

0.0 5.0 Overburden: no recovery 5.0 11.0 Overburden: gravel 11. 0 19.0 Limestone 19.0 22.7 Grainstone 22.7 24.0 Mudstone 24.0 25.0 Regolith 2S.0 31.S Diorite: strongly chloritized; chalcopyrite mineralization in veinlets, as disseminations and massive. 31.5 32.0 Schist: chloritized; mineralized with chalcopyrite

The mineralized intercept from 2S.0 to 31.5 m averaged 1.75% Cu.

Government Reports

A synopsis of government maps and reports pertinent to the area in general and the property in particular are listed below.

1887 Geological Survey 0/ Camula : (GSC)

Robert Bell mapped the geology along the from the James Bay coast inland past the McFaulds Lake area. Results of this work were published in Geological Survey of Canada. Annual Report. 1886, volume II, part G, pp. 1 - 39 and titled "Report of an exploration of portions of the Attawapiskat and Albany Rivers, Lonely Lake to James Bay".

1953 Ontario Department 0/Mines : (ODM)

In 1946 the ODM mapped at a reconnaissance scale a 60,000 kmz area of the James Bay Lowlands between SO° and 53° north latitude and 800 and 860 30' west longitude. Results were published in 1953 as Ontario Department of Mines, volume 61, part 6, 1952 accompanied by coloured map 1952-3 at a scale of 1:506,880 (1 "=8 miles). The outcrops mapped by Bell were compiled onto this map. McFaulds Lake is in the NW comer of the mapped area, and is shown to be underlain by dolomite, limestone and sandstone of the Lower Silurian age Severn River Formation.

1968 Geological Survey 0/ Canada: (GSC)

In 1967 the GSC conducted an air supported geological reconnaissance survey (known as Operation Winisk) over a 330,000 km2 (130,000 mi. 2) area of the in Ontario, Quebec, Manitoba and the District of Keewatin, NWT. Geological Survey of Canada Paper 67-60 was subsequently published in 1968 accompanied by map 17-1967. 4

1967 -1968 Ontario Department ofMines: (ODM) & Geological Survey of Canada : (GSC)

During 1967 & 1968 Lockwood Survey Corporation Limited, under contract to the ODM & GSC, flew a regional airborne magnetometer survey that included NTS areas 43 C/13, 43 D/9 & 43 D/16. Flight lines were oriented N/S at a nominal 800 m spacing. Maps 3856G, 1008G & 1009G for those respective NTS areas were published in 1968 at a scale of 1:63,360 (1 "=1 mile). The McFaulds magnetic anomaly was detected in that survey, but due to the wide line spacing was commingled with an adjacent anomaly.

1971-1979 Ontario Geological Survey: (OGS)

In 1971 the OGS conducted a helicopter reconnaissance scale (1: 126,720 or 1"=2 miles) geological mapping survey over a 51,580 km2 area of . Preliminary maps P.711 & P.712 were released in 1971. Geological Report 193 accompanied by fInal coloured maps 2287 & 2292 at a scale of 1:253,440 (1 n = 4 miles) was published in 1979.

McFaulds Lake lies in the eastern extreme of the area mapped. Due to the paucity «1%) of outcrops, most located in river beds, rock units have been interpreted from geophysical (magnetic) data. The area about McFaulds Lake is shown to be underlain by sandstone and limestone of the Ordovician aged Bad Cache Group.

1974 Geological Survey of Canada : (GSC)

During the 1967 Operation Winisk project LM. Cummings of the GSC made observations of the Ordovician strata of the region. Cummings' fIndings were published in 1974 as Geological Survey of Canada paper 74-28. OnFigure 10, page 51, the McFaulds Lake area is shown to be underlain by Ordovician aged rocks of the Bad Cache Rapids Group.

2001 - 2003 Ontario Geological Survey: (OGS)

In 2001 the First Nation communities of Attawapiskat, Kashechewan and Fort Albany, conducted, under contract to the OGS, a modem alluvium sampling program over a large portion of the James Bay Lowlands. Samples were collected from the Attawapiskat and Muketei Rivers in the immediate vicinity of MeFaulds Lake. Preliminary results for the kimberlite indicator minerals (KIMs) were released in 2003 as Open File Report 6108. There were no signifIcant KIM results in the McFaulds Lake area. The data for base and precious metals have not yet been published.

GEOLOGICAL SETTING The property (Figure 6) straddles the unconformable contact between the Archean aged (2.8 - 2.9 Ga) granite gneiss, volcanic greenstone belts and related intrusions of Superior province of the Canadian Shield with the Upper Ordovician aged (450 - 438 Ma) sedimentary rocks ofthe James Bay lowlands (Thurston et aI., 1991). There are no outcrops on the property although some exist in the bed of the Attawapiskat River as well as in the immediate area. Geologic knowledge of the underlying bedrock has been detennined mainly from recently drilled core holes by Spider. KWG and Freewest, and the cuttings from the reverse circulation holes put down by DeBeers. These data are restricted to local areas only. In the McFaulds Lake area, and on the property in particular, the stratigraphic section consists of Archean aged, steeply dipping, mafic to felsic volcanic rocks with minor amounts of interflow sediments intruded by sills and small stocks of gabbro to granite composition. The volcanic units have been isoclinally folded (locally intensely folded) to produce a weak to very strong foliation. Since the majority of the Spider I KWG drill holes have been in zones of mineralization most units have been altered, some to a degree at which it is difficult to megascopically detennine the actual rock type. Normally. the most intense types of alteration· talc, chlorite and to a lesser extent serpentine. are associated with the mineralized zones. Chlorite also extends from and decreases in intensity away from the mineralized zone both above and below the zone. Sericite and carbonate alteration have also been noted in the core. A red to brown mud regolith up to 5 m thick may be present at the top of the volcanic rocks. Weathering of decreasing intensity extends a few metres downwards. Overlying the Archean rocks are approximately 20 m of Ordovician aged sedimentary rocks. Units comprise, from the base up, 0 - 5m of calcareous. porous, white, fine to medium grained sandstone (with minor pebbles) overlain by 15 - 20 m of grey to tan coloured, poor to well bedded, fossiliferous limestone. (Note: These units are absent in the Freewest hole being reported upon herein.) Overburden, some 5 to 10m thick and consisting of glaciofluvial outwash overlain by peat, blankets the area.

DRILLING Between April 21 and 23, 2004 Freewest drilled 1 BQ sized (core diameter 36.5 mm) exploration core hole totalling 190m. Drilling was accomplished using a BBS 25A drill rig that had been modularized into component pieces that are easily moved with a helicopter. This -45° hole, FWM~04~Ol. cut 19m of overburden, 10m of highly weathered rock, 67.5m of gabbro and 93.5m of felsic tuff and lapilli tuff (all measurements are core lengths). VMS style sulphide mineralization, dominantly pyrite. was noted throughout the tuff unit in amounts from trace to 6

900/0. The drill location with respect to the ground grid is presented as Figure 7 & the drill hole section as Figure 8. Appendix I contains the drllliog. The core is stored at the Billiken camp at the north end of McFaulds Lake.

SAMPLES AND ANALYSES A total of 20 core samples were selected for assay from the more strongly mineralized sections. The nominal sample length was 1.5 m, but varied from 0.5 m to 2.0 m depending on the presence of lithological contacts (samples intervals were not extended over recognizable contacts)~ or the amount of sulphides present. No drilling, core recovery nor any other factor was identified that might impact the accuracy and reliability of results or introduce a sample bias. All samples were cut with a core saw equipped with a diamond blade. All samples were shipped to the ALS Chemex laboratory in Thunder Bay. Ontario for preparation and thence to Vancouver. BC for analysis. At the Thunder Bay laboratory each sample was prepared according to ALS Chemex "Prep 31" code. This procedure involved the following steps; logging the sample into the ALS Chemex tracking system by assigning each sample a unique bar code number, drying the sample, weighing the sample, fme crushing the sample to better than 70% -2mm, splitting off a 250 gm sub sample, and pulverizing the sub sample to better than 85% passing through a 75 micron screen. The pulped sample was then packaged and shipped by air to the ALS Chemex analytical laboratory in Vancouver, B.C. In Vancouver all samples were analyzed for gold by ALS Chemex method code Au-lCP21. By this method a 30 gm sample is fire assayed with the final gold determination made by ICP (Induce Coupled Plasma). The detection range for gold by this method is 0.001 to 2 ppm. Samples were also analyzed for a suite of 47 elements, including Ag, Cu, Zn & Pb, by method code MS-61 which involves digesting the sample with a combination of 4 acids and determining metal content by ICP instrumentation Detection limits are 0.02 to 100 ppm for Ag. 0.2 to 10,000 ppm for Cu, 2 to 10,000 for Zn and 0.5 to 10,000 for Pb. A copy of all ALS Chemex assay certificates is presented in Appendix n.

MINERALIZATION As stated the mineralization intersected in FWM-04-0 1 is of VMS style. Assay results for

Au~ Ag. Cu • Zn & Pb were, however, all low. The results may be indicative of a barren VMS 7 deposit or the distal extent of a deposit with significant Cu and I or Zn mineralization.

CONCLUSIONS A VMS style mineral occurrences have been discovered in the McFaulds Lake area on the Freewest property. Additional targets remain to be assessed.

Respectfully submitfed,

James G. Bums B.Sc., P.Eng. April IS, 2005 8

TABLEt Freewest Resources Canada Inc. McFaulds Lake - Claims Data Township/Area Claim # Units Date Recorded Date Work Mio.Req'd Req'd by Expenditure BMA527861 3008268 16 August 11, 2003 August 11, 2005 $ 6,400 BMA527861 3008269 16 August II, 2003 August 11. 2005 $ 6,400 BMA527861 3008793 12 August 11, 2003 August 11,2005 $ 4,800 BMA527861 3012252 16 April 22. 2003 April 22, 2005 $ 6,400 BMA 527861 3012253 .ln April 22, 2003 April 22,2005 $ 6.400 76 $30,400 LIST OF FIGURES

FIGURE 1 General Location Map FIGURE 1 Location Map FIGURE J Topographic Map FIGURE 4 Claim Map FIGURE 5 Physiography FIGURE 6 Regional Geology FIGURE 7 Grid Location Map FIGURE 8 Drill Section for FWM-04-01 GEOLOGY AND J ® Ontario PRINCIPAL MINERA LS OF ONTARIO

J ~o

HUDSON !1JJJp BA Y -ZiP1~P J aO / / 1 / - J 'S~ ./

Malar Minerai Deposits Past and Present J JA MES BAY • Gold • Sliver & Iron J T Copper Nickel • llnc Coppe r o + Uranium J * Industrial Minerals J

Scale 1 8000000

J 50 50 100 150 200 Kdometres 50 a 50 100 150 Miles J -~-~ J

QUEBEC I - 90 LEGEN D" PHANEROZOIC MESOZOIC J CRETACEOUS Sedimentary rocks MICHIGAN

PALEOZOIC ., DEVONIAN SUPERIOR AND SOUTHERN PROVINCES NEO-TO MESOPROTEROZOIC I ~ Sedimentary rocks ~ FelsIc IntruSive rocks - SILURIAN Sedimentary rocks Mafic mtruSlve rocks

ORDOVICIAN Volcanic and sedimentary rocks J Sedimentary rocks PALEOPROTEROZOIC USA CAMBRIAN ~ Mafic intrusive rocks Sedimentary rocks Metasedimentary and metavolcaniC I .. rocks PRECAMBRIAN - GRENVILLE PROVINCE SUPERIOR PROVINCE PROTEROZOIC ARCHEAN NEO- TO MESOPROTEROZOIC NEO- TO MESOARCHEAN _ Massive to foliated granodiorite to L=:J Mlgmatltlc rocks and gneisses _ granite _ Mafic to ultramafic oluIonlC Follaled to gneissIc tonalite 10 MESOARCHEAN _ rocks granodiOriTe _ MetavolcaniC and metased'(T1entary FIGl'RE I _ FelsIc plutonic rocks derived Melasedlmentary rOCkS and derived _ rocks - gneisses and mlgmalltes gneisses GE:'IlERAL LOCATIOj\oj \1AP MetavolcaniC and MetavolcaniC and metasedlmenlary , PhanerOZOIC unils are lithostratigraphiC. metasedl'T1entary rocks rocks whereas Precambrian units are hthologlc "

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3007783

ASTRONOMIC FIgure 7

FREEWESTRESOURCES CANADA INC.

GRID/DIAMOND DRILL HOLE Gdd 'H'

~ , : , - UTM Zone 16, DCIt UM NAD 83

SCALE 1020 000

...... ! Freewest Hole # FW-04-01 Looking Grid West Vertical Section Line # 37+00 E -

0 0 0 0 0 0 C> 0 0 0 0 0 0 0 0 0 0 "- 0 "- '"• '"'9

Legend

r) F Overburden GAB Gabbro FT Felsic Tuff MS Massive Sulphide

·50.00

·10000

·15000 · 150 00 o o o o ~ o o o - '" o

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Scale 1:1000

FIGURE 8 9

APPENDIX I

Drill Log FWM-04-Ol Page 1 of 4 Billiken Management

Project: McFaulds - Freewest Comments ~T~TSDEPT AZIMUTH

Hole Number: FWM-04-01 COLLAR 45.0 DrHledto test a moderate strength short strike length Max Min anomal~that Is bisected l\Y a 26 44.5 009.5m long linear magnetic feature. Units of Measurement: 78 44.2 142.4 m 129 43.4 137.4m 15%·90% oYrite (average 50%) cored between 96.5 & 109.95m Location NTS 430116 39.4 140.9m 15% pyrite cored from 137.0· 149.25m. Twp BMA526861 Claim ,. 3008268 casing left in the hole. Grid: uHn Eastlng: 37+00 E Northing: 5+508 Elevation:

GPS Co-ordinates: Zone: 16 U (If applicable) Datum: NAD83 Eastlng: 555535 Northing: 5846609

Collar Dip: 45 Collar Azlmutl1: 130 Hole Length: 190 Core Size: BQ Recovery:

Logged By: J. G. Burns Date: start: April 22, 2004 Finish: April 24, 2004

Drilled By: Heath & ShelWOod(1986) Inc. start: April 21, 2004 Finish: April 23, 2004 PROJECT: McFaulds HOLE NO: FWM-04-01 PAGE: 2 of 4 Billiken Management

ANALYTICAL RESULTS FROM TO DESCRIPTION SAMPLE FROM TO LENGTH Cu% Zn% Ag glt Au glt 0.00 '---'- 19.00 Qverburden: pebbles of limestone, granite, gabbro and felsic volcanic recovered. -_ .. -"-"

.. .. _ .. . 1------... -_

19.00 ~tiIp 29.00 Rock: weakly to strongl~decomposed gabbro; mainly dark brown; _. <400/0 ''''''''Y'''':1' r

29.00 -96.5 Gabbro: massive (non fOliated), medium to coarse grained, pistachio _. greenish gret, 50% 8eidotized feldspar f 50% pyroxene or hornblende, .---~ :------trace py; occasional fracture or patch about fractures that are weakly t() strongly oxidized -last of note 60.2 - 61.7. . __ .- r- ..- 1--.----- r·--· 91.5 - 93.65: medium grained I------93.65 - 95.5: fine grained

95.5 - 96.5: ve!}' fine grained with1mm mafic ehenos . . r __ 96.1 - 96.5: inclusions (stoped blocks) of felsic volcanic mineralized with pyrite.

-96.5 contact: intrusive contact but broken core. ---.

96.50 104.70 Felsic Tuff: fine grained, light to mid greenish grey, well& finely banded I ---. ~. bedded, moderate to strong muscovite alteration (chlOrite « .--.~ _. muscovite), average 20% pyrite in bands f beds parallel to foliation. .--. --- .- 93483 96.50 97.00 0.50 0.00 0.00 0.18 0.032 ~.-. fJO% py 96.5 - 96.8 + 30% py 96.8 - 97.0 ._. 0.012 30%py 93484 97.00 99.00 2.00 0.00 0.00 0.08 ..- 0.00 0.00 0.02 0.003 20%..2Y; 60% qtzvein 100.35 - 109.6; -.10% ground core .,,- 93485 99.00 100.60 1.60 1.40 0.00 0.00 0.02 0.001 15%py 93486 100.60 102.00 ~. 15% py 93487 102.00 103.05 1.05 0.00 0.00 <0.01 0.003

30% py increaSing down hole; banding @ 80°; >50% ground core 93488 103.03 104.70 1.65 0.00 0.00 0.02 0.003 . ~ ..---~~ . . -~-.--- ... - '-'---'- _._--_ .~ .. .-- ..--~ '----... .- 104.70 contact: abrupt increase in sulphide content .--. -- .. 104.70 107.10 Massive Sulphide: 90% coarse 9rained py! 10% muscovite (+ chlorite) altered tuff in bands & as apparent fragments .--~- _. .- I- 93489 104.70 106.00 1.30 0.00 0.00 0.08 0.007 ~- .. -.--.- ..-~-- .. 93490 106.00 107.10 1.10 0.00 0.00 0.09 0.004 PROJECT: McFaulds IHOLE NO: FWM-04-01 PAGE: 3 of 4 Billiken Management

ANALYTICAL RESULTS FROM TO DESCRIPTION SAMPLE FROM TO LENGTH Cu% Zn% Ag glt Au g/t

107.10 contact: noticeable drop in sulphide content ....-

107,10 109,95 Felsi~Tuff: as previously; average 50% py .....- r--f----.- -. .. BO~. 93491 107.10 10B.00 0.90 0.00 0.00 0.03 0.013 Bal'lding @ ...- 93492 10B.00 109.00 1.00 0.00 0.00 0,10 0.020 .....~--. ....__ ._--_ .....- ~ .... 93493 109.00 109.95 0.95 0.00 0.00 0.14 0,016 .------

109.95 contact: broken core ....-

109.95 "'126.00 Felsic Tuff I Lapilli Tuff: up to 40°:1 quartz clasts to 1 em set ill a sil!c:eous matrix; trace py...... ~ ...... ~ ...-- ...... - _ ...

.. 109.95 - 118.B: light green £Ire}" moderate muscovite .....- 11B.B - 126.0: 1i9ht gre}" weak muscovite alteration

-126.0 contact: gradational ------

126.00 190.50 Felsic Tuff: variable with gradational contacts 126.0 - 149.25: light grey, very fine to fine grained, moderate to well ....~ ..

banded I bedded, wea~muscovite. ... - 126.0 - 13?-0: minor py dissem or in bands 137.0 - 149.?5: pyrite dissem along foliation or in bands parallel to foliation.

115% 93494 137.00 138.00 1.00 0.00 0.00 0.15 0.010 ..... py - -- 0.10 0.013 15% py; at 138.3 foliation @ 65°. 93495 138.00 139.50 1.50 0.00 0.00 10 15% py 93496 139.50 141.00 1.50 0.00 0.00 0.11 0.005

20% py 93497 141.00 142.50 1.50 0.00 0.00 0.12 0.006 ... '------...... ~ 15% py 9349B 142.50 144.00 1.50 0.00 0,00 0.12 0.011 15% py 93499 144.00 145.50 1.50 0.00 0.00 0.19 0.014 .-- 15 - 20% py 93500 145.50 147.00 1.50 0.00 0.00 0.18 0.011 t-.-- ...... r----.- ...... -_ ....

_ .... 147:0 - 149.95: mid green; chlorite = muscovite .....~

... - 10% py 93501 147.00 14B.00 1.00 0.00 0.00 0.08 0.004 10% py; at 14B.8 foliation @ 70°. 93502 14B.00 149.25 1.25 0.00 0.00 0.06 0.004 PROJECT: McFaulds IHOLE NO: FWM-04-01 PAGE: 4 of 4 Billiken Management

ANAL YTICAL RESUl TS FROM TO DESCRIPTION SAMPLE FROM TO LENGTH Cu% Zn% Ag g/t Au g/t

149.25 -~168.0: generally mid grey to greenish grey, very fine to fine grained, poor to moderately banded I bedded; minor py to 150.4 and traces thereafter 159.3: foliation @ 70°. 159.8 - 160.0: quartz vein @ 60°; py on upper contact 166.8 - 168.0: strongly carbonatized - pervasive & in veinlets

168.0 - 190.5: mid grey, fine grained, well banded I bedded; weak chlorite + muscovite alteration 177.0: foliation @ 75°.

190.50 EOH

~-

1------10

APPENDIX 11

Assay Certificate TB04023388 TB040233BB - Finalized CLIENT: "TRJ - Billiken Management Services Inc." # of SAMPLES: 20 DATE RECEIVED: 2004-04-27 PROJECT: "MCFAUlDS" CERTIFICATE COMMENTS: "REE's may not be totally soluble in MS61 method." PO NUMBER: " " Au-ICP21 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 SAMPLE Au Ag AI As Ba Be Bi Ca Cd Ce Co Cr Cs Cu Fe Ga DESCRIPl ppm ppm % ppm ppm ppm ppm % ppm ppm ppm ppm ppm ppm % ppm 93483 0.032 0.18 5.59 313 170 0.69 1.27 0.09 0.04 4.82 528 221 1.04 11.3 >25 24.8 93484 0.012 0.08 5.45 34.7 100 0.54 0.77 0.1 <0.02 14.65 130.5 156 1.15 8.6 12.05 24.6 934B5 0.003 0.02 5.13 3.1 30 0.28 0.83 0.09 <0.02 10.45 151.5 96 1.26 7.1 13.05 14.7 93486 0.001 0.02 5.65 1.6 90 0.64 0.38 0.1 <0.02 10.8 97 140 2.26 8.B 9.56 18.55 93487 0.003 <0.01 6.43 1.5 200 0.56 0.21 0.11 <0.02 13.5 46.2 132 2.63 5.5 6.7 21.6 93488 0.003 0.02 5.38 2 80 0.35 0.76 0.09 <0.02 20.7 67.9 103 0.B3 19.8 10.B5 18.45 93489 0.007 0.08 1.3 6.B 20 0.11 0.56 0.01 <0.02 9.73 24B 109 0.07 42.2 >25 3.49 93490 0.004 0.09 1.04 B.7 10 0.1 0.56 0.01 <0.02 7.54 172.5 109 0.07 41.2 >25 6.62 93491 0.013 0.03 4.4 6.1 70 0.53 0.49 0.03 <0.02 9.17 77.6 99 1.05 17.1 >25 13.4 93492 0.02 0.1 4.8 4.3 70 0.32 1.14 0.04 <0.02 13.25 123.5 128 0.87 10.6 21.1 13.2 93493 0.016 0.14 4.53 11.2 30 0.54 0.9 0.03 <0.02 6.32 92.B 98 0.62 9.6 24.7 12.35 93494 0.01 0.15 5.41 21.3 200 0.86 1 0.09 0.03 61.1 49.9 4 0.2 17.5 7.B8 22 93495 0.013 0.1 5.13 16.2 190 0.57 0.77 0.09 <0.02 55.3 30.4 4 0.17 B.1 6.B 20 93496 0.005 0.11 5.74 17.8 140 0.75 1.35 0.11 <0.02 67 47.5 3 0.13 7.1 7.22 22.5 93497 0.006 0.12 5.88 14 120 0.93 3.39 0.15 <0.02 72.9 87.1 3 0.12 6.5 8.18 24.9 93498 0.011 0.12 5.52 9.4 110 0.67 3.58 0.14 <0.02 62.6 79.4 3 0.11 4.B 7.4B 2B.6 93499 0.014 0.19 5.65 13.6 120 0.59 3.1 0.1 0.02 96.4 129 3 0.1 7.1 10.65 35.3 93500 0.011 0.18 5.3 14.6 170 0.88 2.34 0.19 <0.02 66.4 101.5 3 0.12 6 11.1 32.9 93501 0.004 0.08 5.59 10.8 70 0.77 0.93 0.45 <0.02 72.8 B8 3 0.43 B.6 9.4 33.4 93502 0.004 0.06 5.37 6.5 70 1 0.66 0.43 <0.02 63.5 63 2 0.34 7.4 7.26 28 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 Ge Hf In K La Li Mg Mn Mo Na Nb Ni P Pb Rb Re S ppm ppm ppm % ppm ppm % ppm ppm % ppm ppm ppm ppm ppm ppm % 0.58 3.9 0.017 1.04 2.1 102.5 2.59 44 21.3 0.08 1.5 170.5 220 8.1 18.8 0.063 >10 0.27 2.6 0.015 0.52 6.7 79.5 6.56 72 3.35 0.03 0.9 144 290 2.9 13.4 0.008 9.34 0.23 1.7 <0.005 0.37 4.8 38.8 5.84 46 2.62 0.03 0.7 95.2 250 1.2 14.2 0.006 >10 0.2 1.7 0.008 0.94 5.1 41.8 5.74 41 1.94 0.07 0.6 78.6 260 1.1 22.1 0.002 9.25 0.14 1.8 0.011 1.05 6.5 43.9 5.95 45 1.62 0.08 0.6 65.8 300 0.9 30.3 <0.002 5.98 0.23 2.7 0.014 0.44 10.7 33.4 5.88 36 1.92 0.05 1.1 65.1 300 1.1 12.9 0.002 >10 0.77 2.2 0.02 0.09 4.9 5.9 1.16 16 7.05 0.02 1.1 100.5 <10 2.8 1.8 0.01 >10 0.72 2.3 0.022 0.06 3.6 5.2 0.96 15 9.46 0.01 0.8 109.5 <10 2.1 1.1 0.012 >10 0.44 1.6 0.016 0.73 4.1 26.2 2.84 29 2.35 0.11 0.6 69.6 40 1.6 18.1 0.002 >10 0.39 1.7 0.012 0.47 6.6 25.2 4.5 32 2.6 0.06 0.6 81.7 120 1.8 13.2 0.003 >10 0.5 1.8 0.011 0.75 2.8 17.6 3.05 19 4.68 0.11 1.1 97.6 60 1.9 18.7 0.005 >10 0.31 9.5 0.026 1.06 28.6 9.4 2.48 32 3.09 0.26 1.9 2.4 350 12.9 19.5 0.003 7.74 0.22 8.9 0.012 1.04 26.6 6 1.82 32 1.84 0.31 1.8 1.3 320 10.6 18.6 <0.002 6.73 0.26 9.9 0.006 0.9 32 6.8 1.96 29 2.85 0.52 1.8 1.6 390 10.7 15.4 <0.002 7.16 0.31 10.3 0.01 0.83 34.6 7.7 2.07 36 2.22 0.57 2 2.7 500 5.4 14.4 0.002 8.09 0.26 10 0.012 0.74 29.5 9.5 2.6 41 2.07 0.42 1.9 1.6 510 5.8 12.8 0.002 6.87 0.42 10.6 0.015 0.72 45.1 11.8 3.12 51 3.24 0.34 2.2 3.1 380 5.4 13.4 0.003 >10 0.37 9.8 0.018 0.76 31.6 12.1 2.77 53 2.48 0.25 1.9 1.6 350 5.5 14.9 0.002 >10 0.32 9.9 0.015 0.45 35 25.5 3.6 79 2.26 0.26 2 1.3 370 4 8.1 0.002 8.13 0.24 9.2 0.02 0.39 30.1 25.7 3.4 80 2.5 0.29 1.7 1 340 4 6.9 0.002 5.19 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 Sb Sa Sn Sf Ta Te Th Ti TI U V W Y In Zr ppm ppm ppm ppm ppm ppm ppm % ppm ppm ppm ppm ppm ppm ppm 4.41 86 6.9 10.8 0.12 6.4 1.5 0.22 0.22 0.7 201 2.9 5.1 7 122 2.42 21 2.6 8.2 0.08 5.57 1.5 0.12 0.15 0.6 205 0.3 6.6 10 80.6 0.71 15 0.8 5.3 0.05 3.72 1.3 0.08 0.05 0.4 124 0.1 5.5 7 51.2 0.74 5 0.7 8.1 0.05 1.99 1.3 0.09 0.15 0.4 169 0.1 5.4 8 55.1 0.69 3 0.8 8.4 0.05 1 1.5 0.08 0.16 0.4 180 0.1 5 8 57.5 0.63 17 0.8 5.8 0.08 3.49 2.6 0.1 0.07 0.7 120 0.3 6.3 8 85.6 0.81 110 1.3 2.7 0.07 7.57 1.3 0.1 <0.02 0.7 41 0.3 2.9 7 70.6 0.74 95 1 1.9 0.05 6.99 0.9 0.1 <0.02 0.7 47 0.1 3.2 6 70 0.54 34 1.1 7.7 <0.05 3.42 1.1 0.06 0.13 0.4 118 0.1 4 9 48.1 0.58 23 0.7 5.3 <0.05 11.15 1.5 0.07 0.08 0.4 130 0.1 3.6 11 51.6 0.59 23 0.9 7.4 0.09 8.32 1.2 0.09 0.14 0.4 122 0.3 3.1 7 47.4 1.1 24 1.3 13.5 0.17 8.18 7.5 0.05 0.19 2 6 0.2 18 18 262 0.86 14 1.2 16.8 0.16 6.69 7.1 0.05 0.13 1.8 4 0.2 14.2 10 246 0.81 16 1 26.6 0.16 5.86 8 0.05 0.1 2.2 5 0.2 16.5 10 272 0.74 21 1 31.1 0.19 11.8 8.6 0.06 0.09 2.2 6 0.3 17.5 11 286 0.73 15 0.9 25.4 0.16 14.15 8 0.05 0.09 2.2 5 0.2 17.3 14 277 0.84 22 1 22.4 0.19 17.65 8.6 0.05 0.1 2.4 7 0.2 20.5 15 283 0.88 23 1.2 20.2 0.15 15.2 6.3 0.05 0.11 2.1 5 0.2 19.1 15 265 0.65 14 1 20.6 0.17 6.23 7.9 0.05 0.04 2.2 5 0.1 22.1 20 271 1.06 6 0.6 22 0.14 4.34 7.5 0.04 0.03 2 4 0.1 19.9 19 254 To: BILLIKEN MANAGEMENTSERVICES INC. Page: 1 ALS Chemex 700·347 BAY ST Finalized Date: 3·MAY·2004 EXCELLENCE IN ANAL ""CAL CHIIIIISTRY TORONTOON M6J 213 Thla copy ... ported on 10·MAY-2005 ALS Qal\lldl Ltd. Account: TRJ 212 BrooksbankAvenue North Vancouver BO V7J 201 Phone: 604 984 0221 Fill(: 804 984 0218 www.alschemex.com

CERTIFICATE TB04023388 SAMPLE PREPARATION ALSCODE DESCRIPTION Project: MCFAULDS WEI-21 Received Sample Weight P.O. No.: LOG·22 Sample login - Red w/o BarCode CRU-31 Fine crushing - 70% <2mm This report Is for 20 Drill Core samples submitted to our lab in Thunder Bay, ON, Canada Spilt sample - riffle splitter on 27-APR-2004. SPL-21 PUL-31 Pulverize split to 85% <75 um The following have access to data associated with this certificate: JAMESBURNS NEIL NOVAK I I ANALYTICAL PROCEDURES ALSCODE DESCRIPTION ME-MSEl1 47 element four acid ICP-MS Au-ICP21 Au 30g FA ICP-AES Finish ICP-AES

To: BILLIKEN MANAGEMENTSERVICES INC. ATTN: JAMES BURNS 700·347 BAY 8T TORONTO ON M5J 213

This Is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature: To: BILLIKEN MANAGEMENTSERVICES INC. Page: 2· A ALS Chemex 700-347 BAY 8T Total #i Pages: 2 (A· D) IIXC.LL.NC. IN ANAL YTICAL CH.MISTRY TORONTO ON M6J 213 Finalized Date: 3·MAY·2004 ALS CanlildaLtd. Account: TRJ 212 BrooksbankAvenue North Vancouver BeV7J 201 Phone: 6049940221 Fax: 604 984 0218 www.alschemex.com Project: MCFAULDS I CERTIFICATE OF ANALVSIS T804023388

IIhItllod WEI-21 Au-IOP21 ME·MS61 ME-MS61 ME-MS61 ME-MS!!1 ME-MS61 ME-MS61 ME-MS61ME-MS61 ME-MS61 ME·MSS1 ME-MSS1 ME-MS61 ME-MS61 AlII'''. RecvdWl. Au Ag AI As Ell Be 81 Ca Cd C. eo Or Cs Cu UIlItlI kg ppm ppm % ppm ppm ppm ppm % ppm ppm ppm ppm ppm ppm aampl. Description LOR 0.02 0.001 0.01 0.01 0.2 0.6 0.06 0.01 0.01 0.02 0.01 0.1 1 0.06 0.2

93463 O.se 0.032 0.18 5.69 313 170.0 0.69 1.27 0.09 0.04 4.82 629 221 1.04 11.3 93484 1.55 0.012 0.0$ 5.45 34.7 100.0 0.54 0.77 0.10 <0.02 14.65 130.5 156 1.15 8.6 93485 1.79 0.003 0.02 5.13 3.1 30.0 0.28 0.83 0.09 <0.02 10.45 151.5 96 1.26 7.1 93486 0.97 0.001 0.02 5.S5 1.S 90.0 0.64 0,38 0.10 <0.02 10.80 97.0 140 2.26 $.$ 93487 1.28 0.003 <0.01 6.43 1.5 200 0.68 0.21 0.11 <0.02 13.60 48.2 132 2.63 5.5

93488 1.13 O.OOS 0.02 5.38 2.0 80.0 0.35 0.76 0.09 <0.02 20.7 67.9 103 0.83 19.8 93489 2.20 0.007 0.08 1.30 6.B 20.0 0.11 0.56 0.01 <0.02 9.73 248 109 0.07 42.2 93490 2.28 0.004 0.09 1.04 8.7 10.0 0.10 0.56 0.01 <0.02 7.54 172.5 109 0.07 41.2 93491 1.42 0.013 0.03 4.40 8.1 70.0 0.53 0.49 0.03 <0.02 9.17 77.8 99 1.05 17.1 93492 1.59 0.020 0.10 4.$0 4.3 70.0 0.32 1.14 0.04 <0.02 13.26 123.6 128 0.87 10.6 93493 1.43 0.016 0.14 4.53 11.2 30.0 0.54 0.90 0.03 <0.02 6.32 92.$ 98 0.62 9.6 93484 1.48 0.010 0.15 5.41 21.3 200 0.86 1.00 0.09 0.03 61.1 49.9 4 0.20 17.5 93495 2.14 0.013 0.10 5.13 16.2 190.0 0.17 0.77 O.OS <0.02 55.3 30.4 4 0.17 8.1 93496 2.21 0.005 0.11 5.74 17.8 140.0 0.75 1.35 0.11 <0.02 87.0 47.5 3 0.13 7.1 93497 1.93 0.006 0.12 5.88 14.0 120.0 0.93 3.39 0.15 <0.02 72.9 87.1 3 0.12 6.5 93496 1.99 0.011 0.12 5.52 9.4 110.0 0.67 3.58 0.14 <0.02 62.6 79.4 3 0.11 4.6 93499 US 0.014 0.19 5.85 13.6 120.0 o.sS 3.10 0.10 0.02 96.4 129.0 :9 0.10 7.1 93500 2.11 0.011 0.18 5.30 14.6 170.0 0.88 2.34 0.19 <0.02 86.4 101.5 3 0.12 6.0 93501 1.31 0.004 0.08 5.59 10.8 70.0 0.77 0.93 0.45 <0.02 72.8 88.0 3 0.43 8.6 93502 1.55 0.004 0.06 5.37 6.5 70.0 1.00 0.66 0.43 <0.02 83.S 63.0 2 0.34 7.4

2 @ 2

Comments:REE's may not be totally soluble In MS61 method. To: BILLIKEN MANAGEMENTSERVICES INC. Page: 2· B ALS Chemex 700-347 BAY ST Total t# Pagea: 2 (A. D) IIXC.".NC.,N ANAL YTlCAL CH.MISTRY TORONTO ON M5J 2T3 Finalized Date: 3·MAY·2004 ALS CanadaLtd. Account: TRJ 212 Brooksbank Avenue North Vanoouver BO V7J 2C1 Phone: 604 984 0221 Flllx: 604 984 0218 www.alschemex.com Project: MCFAULOS I CERTIFICATE OF ANAL VSIS T804023388

Motllod ME·MSS1 ME·MSS1 ME.MS61 ME-MS61 ME-MS61 ME-MSEl1 ME-MS61 ME-MS61 ME-MS61 ME-MSa1 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MSEl1 Aftl.,.. Fe Ga Ge HI In K La LI Mg Mn Mo NI Nb NI P ""ltIt % ppm ppm ppm ppm % ppm ppm % ppm ppm % ppm ppm ppm 811mp" D... rlptlo" LOll 0.01 0.06 0.05 0.1 0.005 0.01 0.5 0.2 0.01 I; 0.05 0.01 0.1 0.2 10

93483 >26 24.8 0.68 3.9 0.017 1.04 2.1 102.5 2.69 44 21.3 0.08 1.5 170.5 220 93484 12.05 24.6 0.27 2.6 0.015 0.52 6.7 79.5 6,56 72 3,35 0.03 0.9 144.0 290 93486 13.06 14.70 0.23 1.7 <0.006 0.37 4.8 38.8 5.84 46 2.62 0.03 0.7 95.2 260 93488 9.56 18.55 0.20 1.7 0.008 0.94 5.1 41.8 5.74 41 1.94 0.07 0.6 78.6 260 93487 6.70 21.6 0.14 1.8 0.011 1.05 6.6 43.9 5.95 45 1.82 0.08 0.6 65.8 300 93488 10.86 18.46 0.23 2.7 0.014 0.44 10.7 33.4 5.88 38 1.92 0.06 1.1 66.1 300 93489 >25 3.49 o.n 2.2 0.020 0.09 4.9 5.9 1.18 18 7.05 0.02 1.1 1oo.s <10 93490 >25 6.82 0.72 2.3 0.022 0.06 3.6 5.2 D.98 15 9.48 0.01 0.8 109.6 <10 93491 >25 13.40 0.44 1.8 0.018 0.73 4.1 26.2 2.84 29 2.35 0.11 0.6 89.8 40 93492 21.1 13.20 0.39 1.7 0.012 0.47 11.6 25.2 4.60 32 2.60 0.06 0.6 81.7 120 93493 24.7 12.35 0.60 1.8 0.011 0.75 2.8 17.6 3.05 19 4.68 0.11 1.1 97.6 60 93494 7.88 22.0 0.31 9.5 0.026 1.06 28.6 9.4 2.48 32 3.09 0.26 1.9 2.4 360 93495 6.80 20.0 0.22 8.9 0.012 1.04 26.6 6.0 1.82 32 1.84 0.31 1.8 1.3 320 93498 7.22 22.6 0.28 9.9 0.006 0.90 32.0 !I.B 1.96 29 2.85 0.52 1.8 1.6 390 93497 8.18 24.9 0.31 10.3 0.010 0.83 34.6 7.7 2.07 36 2.22 0.57 2.0 2.7 500 93498 7.48 28.8 0.26 10.0 0.012 0.74 29.5 9.5 2.60 41 2.07 0.42 1.9 1.8 610 93499 10.65 35.3 0.42 10.6 0.015 0.72 45.1 11.8 3.12 61 3.24 0.34 2.2 3.1 380 93600 11.10 32.9 0.37 9.8 oms 0.78 31.6 12.1 2.77 63 2,48 0.26 1.9 1.8 350 93501 9.40 33.4 0.32 9.9 0.016 0.45 35.0 25.5 3.60 79 2.26 0.28 2.0 1.3 370 93602 7.26 28.0 0.24 9.2 0.020 0.39 30.1 25.7 3.40 eo 2.60 0.29 1.7 1.0 340

2 €II 0

Comments:REE's may not be totally soluble In MS61 method. To: BILLIKEN MANAGEMENTSERVICES INC. Page: 2-C ALS Chemax 700-347 BAY ST Total., Pagea: 2 (A· D) _xcaL_NCE IN ANAL YTICAL CH_MISTRY TORONTO ON M6J 2T3 Finalized Date: 3·MAY-2004 Al.S Canada l.td. Account: TRJ 212 BrooksbankAvenue North VancouverBC 1fTJ 2C1 Phone:804 984 0221 Fax; 904 994 0218 www.alschemex.com Project: MCFAULDS I CERTIFICATE OF ANALYSIS T804023388

Metlled ME-MS!I\ ME-MSS1 ME.MS!l1 ME-MS61 ME-MS61ME-MS61 ME-MS61 ME.MS61 ME-MS61 ME-MSe1 ME.MS!l1 MEA.1ae1 ME-MSe1 ME-MSa1 ME-MS61 All..,. Pb Rb Re S Sb Be Sn Sr Ta Ta Th TI TI U V Units ppm ppm ppm % ppm ppm ppm ppm ppm ppm ppm % ppm ppm ppm .... ple D... rlptlon LOll O.S 0.1 0.002 0.01 0.06 1 0.2 0.2 0.05 0.D!i 0.2 0.01 0.02 0.1 1

934113 8.1 18.9 0.063 >10 4.41 86 9.9 10.8 0.12 8.40 1.6 0.22 0.22 0.7 201 93484 2.9 13.4 0.009 9.34 2.42 21 2.8 8.2 0.08 5.67 1.6 0.12 0.15 0.6 206 934116 1.2 14.2 0.006 >10 0.71 15 0.8 6.3 0.05 3.72 1.3 0.08 0.06 0.4 124 93486 1.1 22.1 0.002 9.25 0.74 5 0.7 8.1 0.06 1.99 1.3 0.09 0.15 0.4 189 93487 0.9 30.3 <0.002 5.98 0.69 3 0.8 9.4 0.06 1.00 1.6 0.08 0.16 0.4 180 93488 1.1 12.9 0.002 >10 0.93 17 0.9 S.B 0.09 3.49 2.6 0.10 0.07 0.7 120 93489 2.8 1.11 0.010 >10 0.91 110 1.3 2.7 0.07 7.57 U 0.10 <0.02 0.7 41 93490 2.1 1.1 0.012 >10 0.74 95 1.0 1.9 0.05 6.99 0.9 0.10 <0.02 0.7 47 93491 1.6 18.1 0.002 >10 0.64 34 1.1 7.7 <0.05 3.42 1.1 0.06 0.13 0.4 119 93492 1.S 13.2 0.003 >10 0.59 23 0.7 5.3 <0.05 11.15 1.5 0.07 0.08 0.4 130 93493 1.9 18.7 0.005 >10 0.59 23 0.9 7.4 0.09 11.32 1.2 0.09 0.14 0.4 122 93494 12.9 19.5 0.003 7.74 1.10 24 1.3 13.5 0.17 8.18 7.5 0.05 0.19 2.0 6 93495 10.6 18.8 <0.002 6.73 0.89 14 1.2 16.9 0.16 6.69 7.1 0.05 0.13 1.& 4 93496 10.7 15.4 <0.002 7.16 0.81 16 1.0 26.6 0.16 5.86 9.0 0.05 0.10 2.2 5 93497 5.4 14.4 0.002 8.09 0.74 21 1.0 31.1 0.19 11.80 &.6 0.06 0.09 2.2 6 93498 5.8 12.8 0.002 U7 0.73 15 0.9 25.4 0.16 14.15 B.O 0.05 0.09 U II 93499 5.4 13.4 0.003 >10 0.84 22 1.0 22.4 0.19 17.65 8.8 0.05 0.10 2.4 7 93500 5.5 14.9 0.002 >10 0.8B 23 1.2 20.2 0.15 15.20 9.3 0.05 0.11 2.1 5 93501 4.0 8.1 0.002 8.13 0.65 14 1.0 20.6 0.17 6.23 7.9 0.06 0.04 2.2 6 93502 4.0 6.9 0.002 5.19 1.09 & 0.9 22.0 0.14 4.34 7.5 0.04 0.03 2.0 4

2 • 0

Comments:REE's may not be totally soluble In MS61 method. To:BILLIKEN MANAGEMENTSERVICES INC. Page: 2· 0 ALS Chemex 700·347 BAY ST Total 1#Pages: 2 (A· D) EXCliLLBNCllIN ANAL mCAL CHEMISTRY TORONTO ON MSJ 2T3 Finalized Date: 3·MAY·2004 ALS canada Ltd. Account:TRJ 212 Brooksbank Avenue North Vancouver BC IJ7J 2C 1 Phone: 604 9B4 0221 Fill<:604 984 0218 www.alschemex.com Project: MCFAULDS I CERTIFICATE OF ANALVSIS TB04023388

Method ME-MS61 ME·MS61 ME·Msal ME-MS61 A1t.. ,.. W Y Zn Zr Unlttl ppm ppm ppm ppm 88mp'. D cr'ptloll LOA •• 0.1 0.1 11 O.S

93483 2.9 6.1 7 122.0 93484 0.3 6.6 10 BO.6 93486 0.1 6.5 7 61.2 93486 0.1 5.4 8 66.1 93487 0.1 S.O 8 67.6 93488 0.3 EI.3 B 66.6 93489 0.3 2.9 7 70.6 93490 0.1 3.2 6 70.0 93491 0.1 4.0 9 48.1 93492 0.1 3.6 11 51.6 93493 0.3 3.1 7 47.4 93494 0.2 1B.O 1B 262 93495 0.2 14.2 10 246 93496 0.2 18.5 10 272 93497 0.3 17.5 11 2B6 93498 0.2 17.3 14 277 93499 0.2 20.5 16 283 93500 0.2 19.1 16 265 1)3501 0.1 22.1 20 271 93502 0.1 19,9 19 264

2 ilfI 2 0

Comments:REE's may not be totally soluble In MS61 method.