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)]: Geophysical Gravity SurveyTOTAL COST: $15,290.08

AUTHOR(S): R.G. Gifford, P.Eng., B.A.Sc.SIGNATURE(S): "R.G. Gifford"

NOTICE OF WORK PERMIT NUMBER(S)/DATE(S): N/AYEAR OF WORK: 2018

STATEMENT OF WORK - CASH PAYMENTS EVENT NUMBER(S)/DATE(S): 5712693 / Sept.22, 2018

PROPERTY NAME: Fen Property

CLAIM NAME(S) (on which the work was done): 1038827; 1047842; 1047958; 1047968

COMMODITIES SOUGHT: Pb/Zn/Cu/Ag

MINERAL INVENTORY MINFILE NUMBER(S), IF KNOWN:

MINING DIVISION: Golden NTS/BCGS: 82J/05E

o '" o '" LATITUDE: 51 29LONGITUDE: 115 33 (at centre of work)

OWNER(S): 1) Robert Gordon Gifford 2)

MAILING ADDRESS: 4 - 2381 Argue St., Port Coquitlam, B.C.

OPERATOR(S) [who paid for the work]: 1) Fen Resources Ltd. 2)

MAILING ADDRESS: 3897 St. Pauls Ave., North Vancouver, B.C.

PROPERTY GEOLOGY KEYWORDS (lithology, age, stratigraphy, structure, alteration, mineralization, size and attitude):

REFERENCES TO PREVIOUS ASSESSMENT WORK AND ASSESSMENT REPORT NUMBERS: Assessment Reports 30360; 31888; 32801; 33893 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 Gravity 1038827; 1047842; 1047958; 1047968 $15,290.08

Airborne

GEOCHEMICAL (number of samples analysed for...) Soil

Silt

Rock

Other

DRILLING (total metres; number of holes, size) Core

Non-core

RELATED TECHNICAL Sampling/assaying

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: 15,290.08

ASSESSMENT REPORT

regarding a GRAVITY SURVEY

FEN PROPERTY

FENWICK CREEK AREA, B.C.

Centered Near

Latitude 500 29’ N, Longitude 1150 33’ W

NTS 82J05E

Period Covering: June 15, 2018 to June 22, 2018

Submitted by:

FEN RESOURCES LTD. 3897 St. Pauls Ave., North Vancouver, B.C.

Prepared by:

R.G. Gifford, P. Eng., B.A.Sc. 4-2381 Argue Street, Port Coquitlam, B.C.

October, 2018 TABLE OF CONTENTS

1.00 INTRODUCTION ...... 1

2.00 SUMMARY ...... 2

3.00 GEOLOGICAL SETTING & MINERALIZATION……………………………………….….………………..3

STATEMENT OF QUALIFICATIONS ...... 5

STATEMENT OF EXPENDITURES ...... 6

PROPERTY LOCATION MAP ...... 7

TENURE MAP ...... 8

MINERAL CLAIM EXPLORATION & DEVELOPMENT WORK – CONFIRMATION...... 9

APPENDIX A – GRAVITY REPORT ...... ATTACHED Including CONCLUSIONS and RECOMMENDATIONS

APPENDIX B – IMAGES (Full Size Maps in .pdf Format)…………...……………...…………….ATTACHED FEN PROPERTY – Pb/Zn Prospect ASSESSMENT REPORT GRAVITY SURVEY

1.00 INTRODUCTION Location and Access The Fen lead-zinc prospect is located in the Kootenay Ranges, Rocky Mountains in southeast British Columbia. Fen Resources Ltd. retains 100% ownership of the property encompassing seven contiguous claims (see List of Claims below), for a total of 1,522 Ha. The prospect is 35 km by air east of the heliport at Invermere. The community of Canal Flats is linked by 60 km of Forestry road to the Fen property. Lead and zinc mineralization, with associated copper and silver values, form the primary target. The prospect is situated in the Fenwick Creek basin reference BCGS map sheets 082J.043/053, and centered N 50º29', W 115º33’.

List of Claims

Good To Area Title Number Claim Name Date (ha) 1038827 FNSE 2022/JAN/15 493.5321 1047842 FENNW 2022/JAN/15 226.1451 1047958 2022/JAN/15 143.983 1047959 POINT2 2022/JAN/15 164.4379 1047968 POINT4 2022/JAN/15 41.13 1055426 RG1710 2022/JAN/15 246.7867 1055633 FEN1710 2022/JAN/15 205.6131

History Historic work of limited scope is recorded within the Fen property. Assessment Report 07798, 1979, by Kaiser Resources Ltd describes work on 12 claim units (300 Ha) in total. A later work period in the same area is recorded in Assessment Report 12440, 1983, by F.G. Gietz. It covered one claim unit, 25 Ha, in total.

Exploration Target

Lead-Zinc (Copper, Silver) Occurrence

In 2005, Fen Resources personnel observed galena in stream-sediment pan concentrates taken from a tributary of Fenwick Creek. The Fen property was subsequently staked and follow-up contour line and orthogonal grid soil surveys outlined an extensive anomalous area with high values in lead, zinc, copper and silver together with barium and strontium in two localities in close proximity termed the Westside and Eastside areas. Collectively they form the Fenwick Creek base metal anomaly. A trail was constructed by Fen Resources to give vehicle access into the area of interest.

Combined Westside and Eastside contour-line and orthogonal soil surveys outline an anomalous area that measures 220 x 1,000 metres horizontal extent, 160 metres vertical relief, and 270 metres slope distance. The anomaly is between elevation 1,960 metres and 2,120 metres.

1 Fen Resources Ltd. North Vancouver, B.C. October, 2018

FEN PROPERTY – Pb/Zn Prospect ASSESSMENT REPORT GRAVITY SURVEY

Anomalous values for lead in the Westside zone range 121 to 491 ppm (outliers of 580 to 2,611 ppm excluded from the classification). Anomalous values for zinc range 218 to 999 ppm, (outliers of 1,556 to 3,488 ppm excluded). The samples are derived from B- to C-horizon subsoil in mountain terrain.

For the Eastside Zone, combined grid surveys outline anomalous values for lead that range 265 to 527 ppm (outliers of 532 to 6,559 ppm excluded). Anomalous values for zinc range 746 to 1,982 ppm, outliers of 2,316 to >10,000 ppm excluded. The samples are derived from C-horizon subsoil in mountain terrain. Galena (lead), sphalerite (zinc) and chalcopyrite (copper) mineralization is observed in the basal section of a carbonate rock formation. The prospect exhibits half-metre scale, lens-like masses of coarse-grained galena and fist-sized, fine- grained lumps of chalcopyrite in talus. The sulphide lenses are walled by sparry dolomite and crystalline quartz. Silver is present in assayed material.

2.00 SUMMARY

This report centres on geophysical technical work undertaken by Excel Geophysics Inc. on the Fenwick Creek property, first in 2016, then again in 2017 and also during the 2018 field season. The work to date is decidedly encouraging; the gravity “high” associates with strongly anomalous lead-zinc soil surveys, with intersecting regional and local structural controls, and with a geological unit that was host to the both Monarch-Kicking Horse Mine ± 75 miles to the north, and the Hawk Creek Mine ± 47 miles to the north.

October, 2018

2 Fen Resources Ltd. North Vancouver, B.C. October, 2018

3.00 GEOLOGICAL SETTING & MINERALIZATION

Regional Geology

Regionally a paleotopographic “high” – the Kicking Horse Rim – is considered to have localized the change from western basinal shale facies (Chancellor FM.) to eastern platform carbonate facies (Catherdral FM.) within a narrow belt that is less than 16 km wide and up to 130 km long. It has been suggested that this environment has controlled, to a large extent, the development of the sedimentary facies fronts from Middle Cambrian through to the Ordovician period.

Chancellor Formation

The Chancellor Formation (Middle-Upper Cambrian; is the basinal equivalent of the entire Mount Whyte to Sullivan interval of the platform. The Formation has been divided into three informal units by Cook (1975) but Stewart (1989) proposed that the Chancellor Formation be upgraded to a group, comprising at least seven stratigraphic units. The unit has been tectonically deformed and thickness estimates are unreliable.

The lower Chancellor consists of argillaceous limestone, shale and thin bedded dolomite with chaotic slump folds, slope breccias and carbonate slide blocks. The lower Chancellor is equivalent to the Mount Whyte, Cathedral, Stephen, Eldon and Pika Formations of the platform (Cook, 1975; McIlreath, 1977; Stewart, 1989). The “Takakkaw Tongue” of the Cathedral Formation occurs in the lower part.

The middle Chancellor is composed of slate and cleaved, argillaceous limestone. Thin-bedded limestones of the upper part of the interval are biostratigraphically correlated with the Waterfowl Formation and the shales beneath are correlated with the Arctomys on a lithological basis (Cook, 1975).

The upper Chancellor comprises cleaved calcareous shale with thin to medium bedded limestone. It is transitional upward with the overlying Ottertail Formation. The unit is correlated with the Sullivan Formation of the platform.

Cathedral Formation

The Cathedral Formation of the southern Rocky Mountains is a massive, cliff-forming dolomite and limestone that varies in thickness from 365 m in the Main Ranges to 160 m at the mountain front. The formation loses its massive character to the north and grades laterally into a series of alternating carbonate and clastic units of the Snake Indian Formation. The formation terminates abruptly westward along the Kicking Horse Rim, except for the Takakkaw Tongue of the “basinal” facies of the Cathedral Formation (Aitken, 1989a; Steward, 1989).

The base of the Cathedral is diachronous; it conformably overlies the Plagiura-Poliella-bearing Mount White Formation in the west, contains Albertella fauna at the mountain front and Glossopleura in the western plains. The top of the Cathedral is a near-synchronous zone lying beneath the Glossopleura-bearing shales of the lower Stephen Formation (Aitken, 1989a).

The Catherdral also loses its massive character in the subsurface. It changes from a thickly bedded carbonate formation in the foothills to a sequence of thinner carbonate beds separated by shales to the east. The carbonates disappear about 80 km west of the Saskatchewan border and the entire Mount Whyte-Cathedral-Stephen interval is equivalent to the Earlie Formation.

The zero edge of the formation passes east of Edmonton and then swings to the northwest illustrates the northern pinch-out of the Catherdral.

Ottertail Formation

The Ottertail Formation is a cliff-forming unit, 460 to 610 m thick, composed of a basal unit of thin-bedded limestone and dolomite with interbedded shale overlain by thick-bedded limestone (Cook, 1975). The Ottertail is the westward continuation of the Lyell Formation and is unique in that the carbonate platform facies continues westward across former basinal areas.

Property Geology

The property is underlain by Middle Cambrian to Ordovician sediments. Recent geological mapping has determined the stratigraphic sequence to comprise Upper Cambrian Chancellor Fm (black phyllitic slate with thin micritic limestone beds), overlain conformably by Ordovician Ottertail Fm (mainly black silty micritic limestone with buff interbeds and current ripples), and in turn overlain by the McKay Fm (consisting of green, grey and brown phyllitic slate). FEN PROPERTY – Pb/Zn Prospect ASSESSMENT REPORT GRAVITY SURVEY

Statement of Qualifications

I, Robert Gifford, Geological Engineer, have my office at 4-2381 Argue Street, Port Coquitlam, B.C. V3C6P9.

I graduated from the University of British Columbia in 1961 with a Bachelor of Applied Science in Geological Engineering.

I have practiced my profession since 1961. I have been in the mining industry since 1952. I have worked principally as exploration geologist in southeastern BC, northwestern BC, Yukon, Nevada, Utah, Honduras, C.I.S., Central Asia, and Australia (Tasmania and Queensland). Also, I worked as mine geologist, Sullivan Mine, Kimberley B.C. during the winter seasons 1958 -1963.

The company’s I have worked with include Kennecott Corporation, The Consolidated Mining and Smelting Company of Canada Limited, Texas Gulf Sulphur, Canadian Superior Exploration Limited, McIntyre Mines Limited, Gulf International Minerals Ltd. and Inel Resources Ltd.

I am a Registered Professional Engineer and a Member of the Association of Professional Engineers and Geoscientists of British Columbia.

5 Fen Resources Ltd. North Vancouver, B.C. October, 2018

FEN PROPERTY – Pb/Zn Prospect ASSESSMENT REPORT GRAVITY SURVEY

STATEMENT OF EXPENDITURES TOTAL $ CONTRACT SERVICES ...... $15,290.08 (NOT including GST)

EXCEL GEOPHYSCIS INC. Box 5056, 302 Centre Street S., High River, AB T1V 1M3

Invoice # 1665

6 Fen Resources Ltd. North Vancouver, B.C. October, 2018

570000 575000 580000 585000 590000 595000 600000 605000 610000 615000

r i Fen Property a T r TANGLE l MT c C 0 S i n MT PEAK 0 Location Map 0 0 0 0

0 SINCLAIR QUEEN MARY 0 1 E 1

6 6 Legend 5 Kootenay 5 National Park r Paved Radium of Canada T C

Ho R t Springs N Unpaved MT E 0 r a n 0 Fen Property 0 o c h 0 B 0 C KING GEORGE 0 5 5

L

0 0 Private Land

6 A 6

A 5 5 BC Parks and Protected Areas C r Y National Parks 0 0 0 0

0 p 0

0 PINTO 0

0 a S E R 0

6 w A L L I 6 u s P 5 S h MTN 5 Shuswap Area of Interest

0 SWANSEA 0 0 0 0 0

5 MTN 5 9 e 9 W 5 r 5

5 e C 5 i n r d m

e r L r e R a m

k d e e n FOUR POINTS r i F e e n w i c W MTN k 0 0 0 C I 0 0 r e e 0 0 k Windermere 0 9 9

5 W Windermere 5 5 i V 5 n C d e r m

e E r e 0 0

0 L 0 0 0

5 5 Projection: Nad 83 Zone 11 UTM 8 93 R 8 5 MT 5 5 95 INIDIAN HEAD 5 1:250,000 4,800 2,400 0 4,800 Meters C PEDLEY O MTN ³ L

U FRANKLIN

M

0 PEAKS 0 B 0 0

0 0 Calgary I Revelstoke

0 A 0 8 8 5 5 5 5 Alberta

R C r r e e k Fairmont Fairmont C 0 0 0 0 CP 0 0 Hot springs Cranbrook 5 5 Nelson 7 7 5 5 t c h C 5 5 D u r FAIRMONT MTN MT Idaho Montana DORMAN Washington

570000 575000 580000 585000 590000 595000 600000 605000 610000 615000 \Robin_Sudo\FenProperty\FenPropertyLocationMap.mxd Oct.23/18 596900 597900 598900 599900 600900 601900 602900 603900 604900 605900

R K oote y nay SR a Riv ver F Fen Property n R er F r Ri te S SR allise 9 oo F P 9 7 K er 7 Tenure Map 5 iv 5 7 R 7 9 9 5 5 5 5 Legend

Fen Property 9 9

7 7 Mineral Claims 5 5 6 6 9 9

5 5 Forest Service Roads 5 5 Road Permits Trails/Misc 1047959 9 9 Paved 7 7 5 5 5 5

9 9 Loose 5 5 5 5 Rough 1047842 BC Parks and Protected Areas 9 9 7 7 5 5 4 4 9 9 5 5 5 5 1055633 9 9

7 1038827 7 5 5 3 3 9 9 5 5 5 5

1047968 9 9

7 1055426 7 5 5 2 2 9 9

5 5 Projection: Nad 83 Zone 11 UTM 5 1047958 5 ³ 1:50,000 K 1,000 500 0 1,000 Meters o

o

t e

n 9 9 a 7 7 y 5 5

1 R 1

9 9 Calgary i 5 v 5 5 e 5 Revelstoke r

F Alberta S R k k c e i Lethbridge e C r w c k F 9 i e n 9 7 w 7 Cranbrook 5 5 Nelson 0 0 9 9 5 5 5 5

Montana Washington Idaho 9 7 5 9 8 5

596900 597900 598900 599900 600900 601900 602900 603900 604900 605900 5 Robin_Sudo\FenProperty\FenPropertyTenureMap.mxd Oct.23/18 9/21/2018

Mineral Titles Online

Mineral Claim Exploration and Development Work/Expiry Date Confirmation Change Recorder: SUDO, ROBIN (126066) Submitter: SUDO, ROBIN (126066) Recorded: 2018/SEP/21 Effective: 2018/SEP/21 D/E Date: 2018/SEP/21

Confirmation

If you have not yet submitted your report for this work program, your technical work report is due in 90 days. The Exploration and Development Work/Expiry Date Change event number is required with your report submission. Please attach a copy of this confirmation page to your report. Contact Mineral Titles Branch for more information.

Event Number: 5712693

Work Type: Technical Work Technical Items: Geophysical

Work Start Date: 2018/JUN/15 Work Stop Date: 2018/JUN/22 Total Value of Work: $ 15290.08 Mine Permit No:

Summary of the work value:

New # of Good Area Applied Sub- Claim Issue Good Days Title Number To in Work mission Name/Property Date To For- Date Ha Value Fee Date ward 1038827 FNSE 2015/SEP/26 2021/NOV/01 2022/JAN/15 75 493.53 $ 1521.16 $ 0.00 1047842 FENNW 2016/NOV/13 2021/OCT/31 2022/Jan/15 76 226.15 $ 666.04 $ 0.00 1047958 2016/NOV/19 2021/NOV/01 2022/jan/15 75 143.98 $ 408.28 $ 0.00 1047959 POINT2 2016/NOV/19 2020/NOV/01 2022/jan/15 440 164.44 $ 2110.44 $ 0.00 1047968 POINT4 2016/NOV/20 2021/NOV/01 2022/jan/15 75 41.13 $ 116.07 $ 0.00 1055426 RG1710 2017/OCT/07 2018/OCT/07 2022/jan/15 1196 246.79 $ 5611.86 $ 0.00 1055633 FEN1710 2017/OCT/18 2018/OCT/18 2022/jan/15 1185 205.61 $ 4613.62 $ 0.00

Financial Summary:

Total applied work value:$ 15047.47

PAC name: FEN Resources Ltd. Debited PAC amount: $ 0.0 Credited PAC amount: $ 242.61

Total Submission Fees: $ 0.0

Total Paid: $ 0.0

Please print this page for your records.

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APPENDIX A

GRAVITY REPORT Fenwick Creek Area, B.C.

By

EXCEL GEOPHYSICS INC. Box 5056 302 Centre Street S., High River, AB

FENWICK CREEK AREA, BC 2018 GRAVITY SURVEY FIELD OPERATIONS AND DATA PROCESSING FINAL REPORT

Centered Near

Latitude 50° 29’ N, Longitude 115° 33’ W

Survey Period

June 15 – 22, 2018

Submitted By

EXCEL GEOPHYSICS INC.

Box 5056 302 Centre Street S High River, Alberta, Canada T1V 1M3

Prepared For

Fen Resources Ltd.

3897 St Pauls Ave North Vancouver, BC, Canada V7N 1T2

Date: October 9, 2018

Fenwick, BC 2018 Gravity Survey Field Operations and Data Processing Report October 9, 2018

CONTENTS

INTRODUCTION ...... 1 SAFETY ...... 2 GRAVITY SURVEY PARAMETERS ...... 3 GRAVITY SURVEY PROCEDURE ...... 3 GRAVITY BASE STATIONS ...... 4 GPS CONTROL BASES ...... 5 GPS SURVEY PROCEDURE AND PROCESSING ...... 7 GRAVITY DATA REDUCTION ...... 7 DATA QUALITY ...... 8 GRAVITY INTERPRETATION AND MODELLING ...... 9 BOUGUER GRAVITY MAP ...... 9 GRAVITY RESIDUAL MAPS ...... 11 CONCLUSIONS and RECOMMENDATIONS ...... 12 APPENDIX A - UTM Zone 11 Coordinate System Parameters ...... 13 APPENDIX B - Data Listing Format ...... 14 APPENDIX C – DAILY WORK LOG ...... 16

FIGURES

Figure 1. Location of Fenwick Creek Lead Zinc Prospect Gravity Survey ...... 1 Figure 2. Fenwick Creek Gravity Program ...... 2 Figure 3. Typical Gravity Station Setup ...... 4 Figure 4. GPS Bases...... 6 Figure 5. Variable Density Bouguer Gravity Map ...... 9 Figure 6. Surface Geology Map ...... 10 Figure 7. 1 km Residual Gravity ...... 11 Figure 8. 250m Equivalent Mass Map...... 12

TABLES

Table 1. Gravity Survey Parameters ...... 3 Table 2. Project Personnel ...... 3 Table 3. Fen Gravity Bases (WGS84) ...... 5 Table 4. GPS Bases ...... 5 Table 5. Gravity Correction Formulae ...... 8 Table 6. UTM Zone 11 Mapping Parameters ...... 13 Table 7. Fenwick Creek Gravity Survey Daily Log ...... 16

Excel Geophysics Inc. ii Fen Resources Fenwick Creek Gravity Survey 2018 Field Operations Report.docx

Fenwick, BC 2018 Gravity Survey Field Operations and Data Processing Report October 9, 2018

ENCLOSURES

Final Report

1. Fen Resources Fenwick Creek Gravity Survey 2018 Field Operations Report.pdf

Digital Data (Data listings in Microsoft Excel spreadsheet)

1. Fenwick Creek 2018 Gravity Survey – Observed Gravity Data.xlsx 2. Fenwick Creek 2018 Gravity Survey – Bouguer Gravity Data.xlsx

Images (full size maps in .pdf format)

1. BouguerGravityMap.pdf 2. ColourElevationMap.pdf 3. ShadedReliefMap.pdf 4. SurfaceGeologyMap.pdf 5. 1kmResidualGravityMap.pdf 6. 250mEquivalentMassMap.pdf

Excel Geophysics Inc. iii Fen Resources Fenwick Creek Gravity Survey 2018 Field Operations Report.docx

Fenwick, BC 2018 Gravity Survey Field Operations and Data Processing Report October 9, 2018

INTRODUCTION

The following report describes the field operations and data processing procedures of the land gravity survey conducted by Excel Geophysics Inc. (Excel) for Fen Resources Ltd. (Fen) over the Fenwick Creek Area Lead-Zinc prospect in South East British Columbia. The survey area is located approximately an hour and a half drive northeast of Canal Flats on the Kootenay Forest Government Road and the Kootenay River Forest Service Road. Figure 1 shows the location of the project.

The gravity survey was conducted between June 15 and June 22, 2018. 139 gravity stations were collected in the project area; 5 of those stations were collected along proximal forestry roads to provide regional context. The survey was designed to provide advanced exploration over a Lead-Zinc target in light of the gravity data acquired in 2017. The gravity data were combined with existing GSC gravity data to provide regional context. Figure 2 shows the location of the gravity stations collected.

Figure 1. Location of Fenwick Creek Lead Zinc Prospect Gravity Survey The project can be seen as a red rectangle to the upper right of the figure. Excel Geophysics Inc. 1 Fen Resources Fenwick Creek Gravity Survey 2018 Field Operations Report.docx

Fenwick, BC 2018 Gravity Survey Field Operations and Data Processing Report October 9, 2018

Figure 2. Fenwick Creek Gravity Program

SAFETY

Each Excel crew held valid safety certificates in Emergency First Aid, Wildlife Awareness, WHMIS, and the new British Columbia Mine Supervisor certification. An emergency response plan containing contact numbers and emergency procedures was distributed and explained to all field staff. Safety meetings were held by the field staff on a regular basis to identify any safety hazards. There were no injuries or incidents during this survey. Excel ensured that each member of the crew was equipped with appropriate outdoor wear, cell phones, emergency first-aid kits and fire extinguishers.

Excel Geophysics Inc. 2 Fen Resources Fenwick Creek Gravity Survey 2018 Field Operations Report.docx

Fenwick, BC 2018 Gravity Survey Field Operations and Data Processing Report October 9, 2018

GRAVITY SURVEY PARAMETERS

The following two tables outline the main details of the gravity survey as well as the people involved with this project.

Table 1. Gravity Survey Parameters Gravity Survey Parameters Northeast of Canal Flats, BC General Survey Location Latitude: 50° 29’ N Longitude: 115° 33’ W

Survey Duration June 15 – June 22, 2018

Gravity Station Spacing Variable

Gravity Stations Acquired Total: 139 Stations

Terrain Corrections Inner (2 to 50 m) Outer (50 m to 20 km)

Methods of Transportation Truck, ATV and Foot

Land Gravity Meter Used LaCoste and Romberg G-353

Table 2. Project Personnel Project Personnel

Excel President Brian Jones

Gravity Field Crew Monica Magbanua Eric Morley

Data Processor Nicole Trenholm

GRAVITY SURVEY PROCEDURE

The survey crew consisted of two Excel geophysical operators. Excel had a supervisor on site for the duration of the project to coordinate all aspects of the operation including data quality control, client communications, staffing, environmental compliance and adherence to safety guidelines. Survey operations were based out of the Mountain View Villas at Fairmont Hot Springs, BC.

A truck was used to transport the crew and equipment to and from the survey area. One LaCoste and Romberg G-series land gravity meter was used for this survey, with a second meter on standby. The project was surveyed mostly by foot along lines laid out to follow the topography. A few stations were acquired along a logging road at the west

Excel Geophysics Inc. 3 Fen Resources Fenwick Creek Gravity Survey 2018 Field Operations Report.docx

Fenwick, BC 2018 Gravity Survey Field Operations and Data Processing Report October 9, 2018 edge of the survey area using an ATV. Gravity stations were laid out at a spacing of 50 m along contour lines, with approximately 40 m of elevation gain between lines. Terrain corrections for zones B and C (2 to 50 m) were recorded at each station using inclinometers.

A Garmin GPS navigation system equipped with a pre-programmed set of station coordinates was used for navigation to each gravity station. The precise location of the gravity meter at each station was determined using geodetic grade multi-frequency Leica GS16 GNSS receivers running in RTK mode. This aspect of the survey is described in detail under GPS survey procedure and processing. Figure 3 shows a typical gravity station setup in the field.

Figure 3. Typical Gravity Station Setup

GRAVITY BASE STATIONS

The gravity survey has been tied to the Canadian Gravity Standardization Network (CGSN). The CGSN gravity base 9454-1975 at the Canal Flats Post Office in Canal Flats, BC was used to tie the survey into the CGSN.

Field base 4792 was established by Excel at the base of the project area, where the crew left the truck each day. Field base 479 06151 was established by Excel at the GPS RTK

Excel Geophysics Inc. 4 Fen Resources Fenwick Creek Gravity Survey 2018 Field Operations Report.docx

Fenwick, BC 2018 Gravity Survey Field Operations and Data Processing Report October 9, 2018 base 479 06151, located at the end of the access trail before the ridge (Figure 4). These bases were used as the main gravity bases for the survey. A gravity reading was taken at each gravity base at the beginning and end of each day to determine meter drift and establish the 2018 field bases (4792 and 479 06151). Table 3 contains the location and observed gravity value used during gravity data processing. Control base 479 06151 was established with coordinates from the Leica GS16 GNSS system.

Table 3. Fen Gravity Bases (WGS84) Observed Base Name Latitude Longitude Gravity (mGal) CGSN 9454-1975 50° 9’ 27” N 115° 48’ 19” W 980743.080

Excel Control Base 4792 50° 29’ 10” N 115° 34’ 37” W 980616.92 Excel Control Base 50° 28’ 55.6443” N 115° 33’ 03.6437” W 980502.97 479 06151

GPS CONTROL BASES

Precise elevation data are required for processing gravity data, therefore high quality differential GPS data are recorded at each gravity station. Excel personnel established two GPS control bases at stations 479 06151 and 479 06211; one at each survey area (Figure 4). These GPS control bases were tied to the Canadian Base Network (NAD83CSRS) using the NRCan post-processing service. Coordinates for the control bases can be found in Table 4.

Table 4. GPS Bases Ellipsoidal Orthometric WGS 84 WGS 84 Base Name Elevation Elevation Latitude Longitude (m) (m) 479 06151 50° 28’ 55.6443” N 115° 33’ 03.6437” W 2125.118 2137.967 479 06211 50° 28’ 44.6146” N 115° 35’ 01.0854” W 1563.751 1576.8141

Excel Geophysics Inc. 5 Fen Resources Fenwick Creek Gravity Survey 2018 Field Operations Report.docx

Fenwick, BC 2018 Gravity Survey Field Operations and Data Processing Report October 9, 2018

Figure 4. GPS Bases. Upper picture: GPS Bases 479 06151 and 06152; Gravity Field Base 479 06151 Lower picture: GPS Base 479 06211 Excel Geophysics Inc. 6 Fen Resources Fenwick Creek Gravity Survey 2018 Field Operations Report.docx

Fenwick, BC 2018 Gravity Survey Field Operations and Data Processing Report October 9, 2018

GPS SURVEY PROCEDURE AND PROCESSING

Excel personnel established two main GPS control bases within the survey area (GPS bases 479 06151 and 479 06211). Excel used these control bases for the gravity survey. GPS base 479 06151 was located at the end of the access road. GPS base 479 06211 was located farther down the logging road, closer to the Southwest survey area. The coordinates for the GPS bases are shown in Table 4.

Excel's personnel conducting the gravity survey were responsible for recording GPS readings at each gravity station. Leica GS16 series multi-frequency GNSS units running in RTK mode were used for the duration of the survey because of their accuracy, reliability, and fast satellite acquisition. These units collect GNSS data from the GPS (USA), Glonass (Russian) and Galileo (EU) satellite constellations.

GPS data were processed each evening using Leica Geosystems post-processing software. Station locations were downloaded from the Leica controller and checked for position and height quality. A position quality threshold was set in the controller. The unit would not automatically record a position until those cutoffs were met (< 2 cm horizontal and < 2.5 cm vertical). GPS data acquisition time ranged from less than a minute to up to 15 minutes depending on the position of the satellites and the clarity of the radio signal from the base station. In a few instances, the GPS station was recorded without achieving the automatic cutoff requirements. These stations were post-processed to achieve the best possible elevation result.

GRAVITY DATA REDUCTION

The LaCoste and Romberg land gravity meter (G-series) is operated manually and is capable of reliable and repeatable gravity readings to an accuracy of better than 0.01 mGal by experienced operators. The operator must ensure that the meter is operated at the recommended regulated temperature and is level during the reading.

The station ID, date, time, dial reading, instrument height, and inner terrain corrections are recorded in a field notebook at each land gravity station. At least one gravity base is measured at the beginning and end of each day to correctly account for meter drift. Each evening, the field data are entered into a computer and corrected for sun/moon tidal effects, instrument height, and instrument drift to obtain the observed gravity. Refer to the Observed Gravity Data Listing (Fenwick Creek Gravity Survey 2018 – Observed Gravity Data.xlsx) for the raw data, observed gravity, and intermediate reduction values for each day.

After the GPS coordinates and elevations are processed and merged with the observed gravity for each station, intermediate corrections are applied to the observed gravity to yield final Bouguer anomaly values. See Table 5 for the formulae used to determine the intermediate corrections and Bouguer gravity values. The Bouguer gravity has been

Excel Geophysics Inc. 7 Fen Resources Fenwick Creek Gravity Survey 2018 Field Operations Report.docx

Fenwick, BC 2018 Gravity Survey Field Operations and Data Processing Report October 9, 2018 calculated using variable density Bouguer and terrain corrections. The near surface correction model was developed using the digital elevations and surface geology maps. See Figure 6 for the surface geology used to create the near surface correction model. This model was used to calculate both the terrain corrections and Bouguer correction for each station. Refer to the Variable Density Bouguer Gravity Data Listings (Fenwick Creek Gravity Survey 2018 – Bouguer Gravity Data.xlsx) for the intermediate corrections, station densities, and final variable density Bouguer gravity values.

A Bouguer gravity map was created using all data acquired by Excel as well as available GSC data. The GSC data provide regional context and control for filtered map products. The regional variable density Bouguer Gravity Map is shown in Figure 5.

Table 5. Gravity Correction Formulae Gravity Description Corrections International Association of Geodesy, World Geodetic System 1984. Latitude = 978032.67714 1 + (0.00193185138639 × sin2(latitude)) Correction × ( ) √1 − (0.00669437999013 × sin2(latitude)) Free Air 푚퐺푎푙 = (ℎ − 푑푎푡푢푚) × 0.3086 Correction 푚 Bouguer Calculated using near surface mass model with variable density Correction

B and C Zone (2 to 50 m) field observations with variable density. Terrain Corrections Outer terrain corrections (50 m to 20 km) calculated using the near surface mass model with variable density. = Observed Gravity – Latitude Correction + Free Air Correction + Final Bouguer Bouguer Correction + Inner Terrain Correction + Outer Terrain Values Correction

DATA QUALITY

Gravity measurements were of excellent quality. Gravity meter drifts were within acceptable bounds and repeat reading differences had an average value of 0.02 mGal. Relative station elevations and horizontal locations were estimated to be better than 5 cm.

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GRAVITY INTERPRETATION AND MODELLING

The interpretation presented in this report incorporates all data acquired in June 2018, along with data between July and October 2017, and in August and September 2016. The main objective of this gravity survey was to refine and extend the gravity survey to follow gravity anomalies identified in the 2017 survey, and to delineate a gravity anomaly further Southwest down the Fenwick Creek property.

BOUGUER GRAVITY MAP

The variable density Bouguer Gravity map is presented in Figure 5. The data have been reduced using a variable density near surface mass model developed using TRIM DEM and BC Geoscience Surface Geology maps. Figure 6 shows the surface geology compilation used to create the near surface mass model.

Figure 5. Variable Density Bouguer Gravity Map

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Figure 6. Surface Geology Map

The project has been inset into the regional GSC gravity data.

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Fenwick, BC 2018 Gravity Survey Field Operations and Data Processing Report October 9, 2018

GRAVITY RESIDUAL MAPS

One of the most useful procedures in understanding the implications of the gravity signature is to separate the gravity signal into the response from different depths. The shape (or spectral property) of a gravity anomaly is depth dependent, which allows the Bouguer Gravity map to be separated into a series of maps relating to the anomaly sources at varying depths. In order to see the gravity response from exploration depths, the deeper regional gravity trends need to be removed. A 5 km regional gravity field was calculated and removed from the Bouguer Gravity map. The remaining gravity field (5 km residual gravity) was then used to calculate a 1 km regional gravity field. The resulting 1 km Residual Gravity map is shown in Figure 7.

Figure 7. 1 km Residual Gravity (Gravity response from approximately 1 km depth to the surface)

The 1 km Residual Gravity map in Figure 7 shows the gravity response from the surface to approximately 1 km below the surface. To determine the horizontal distribution of potential targets, an Equivalent Mass map was created (Figure 8). The Equivalent Mass map provides one representation of the potential location of mass below the subsurface that could account for the Residual Gravity response. The depth to a target is not well constrained in this method.

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Fenwick, BC 2018 Gravity Survey Field Operations and Data Processing Report October 9, 2018

Figure 8. 250m Equivalent Mass Map. (Modelled mass distribution at approximately 250 m below surface.)

CONCLUSIONS and RECOMMENDATIONS

Previous gravity data collection noted a potential anomaly at the northern limits of the gravity surveys. The 2018 survey defined the northern anomaly, which is an excellent target for potential sulphide accumulations. Reconnaissance work on the southwest margin of the 2017 survey indicate that anomalies of potential exploration interest may exist in this area. The southwest area would benefit from additional data to define a potential drilling target.

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APPENDIX A - UTM Zone 11 Coordinate System Parameters

The coordinate system used for mapping purposes is UTM Zone 11 (WGS84). Parameters for the coordinate system are shown in Table 6.

Table 6. UTM Zone 11 Mapping Parameters Project Mapping System Datum NAD83 Ellipsoid WGS 84 Latitude of Origin Equator, 0º Central Meridian 117º W Grid Projection UTM Zone 11 Scale Factor 0.9996 False Easting 500,000.0 m False Northing 0.0 m

Ellipsoids: WGS 84 Semi-major axis 6,378,137.0 m Semi-minor axis 6,356,752.3 m

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APPENDIX B - Data Listing Format

Observed Gravity Data

The Observed Gravity Data Listing (Fenwick Creek Gravity Survey 2018 – Observed Gravity Data.xlsx) contains a listing of all gravity data collected by the crew during the survey period. The data is presented in chronological order.

The LaCoste and Romberg G-series land gravity meter uses a zero-length spring supporting a mass on a beam as is standard in all modern gravity meters. While the meter is level, a counter dial is turned to adjust the position of the beam until the force of gravity is balanced by the mechanical force of the zero-length spring. A calibration table is used to convert the counter reading value to a value in mGal. While the zero-length spring system may drift during a day, this drift can be accurately identified and corrected by reoccupying a known gravity station one or more times during the day.

Each gravity loop is separated by a blank row. The date, time, Greenwich Mean offset, and project location (latitude and longitude) are used to compute the sun/moon gravity tide correction.

The relative gravity is computed by summing all of the terms:

Relative Gravity = calibrated counter reading + instrument height correction + tide correction - drift correction

Observed Gravity = relative station gravity - relative base gravity + base absolute gravity

Gravity base values can be seen in Table 3.

Bouguer Gravity Data

The Variable Density Bouguer Gravity Data Listing (Fenwick Creek Gravity Survey 2018 – Bouguer Gravity Data.xlsx) displays the observed gravity and coordinate data with intermediate corrections and variable density Bouguer gravity values. Latitude and longitude values (WGS84) are given as well as UTM Zone 11 coordinates in NAD83. The elevations shown are orthometric height above mean sea level, calculated using the Canada HT2.0 geoid model. The intermediate corrections include the latitude, free air, variable density Bouguer and terrain corrections.

The final Bouguer gravity is computed as follows:

Bouguer Anomaly (Variable Density) = observed gravity - latitude corr. + free air corr. + Bouguer corr. + inner terrain corr. + outer terrain corr.

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The Bouguer listing provides the rock density at each station location based on the surface geology. The inner terrain corrections applied at each gravity station were calculated at the station density. The Bouguer correction and outer terrain corrections were calculated using a near surface model developed by merging information from the digital elevation and surface geology compilations. An elevation datum of 2150 metres was chosen to minimize the effect of the variable density Bouguer correction within the area of interest. The results are displayed in the listings.

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APPENDIX C – DAILY WORK LOG

Table 7. Fenwick Creek Gravity Survey Daily Log Date Work Description Equipment Used June 14, Mobilized from High River, AB to 2 4x4 pick-up trucks 2018 Fairmont Hot Springs, BC 1 Trailer 2 ATVs June 15, Established GPS base station. Acquired 1 4x4 pick-up truck 2018 16 gravity stations. Operated with 1 2 ATVs crew. Preliminary processing of field 1 Lacoste & Romberg data in field office. gravity meter (G353) 3 Leica GPS 1 handheld Garmin June 16, Acquired 19 gravity stations. Operated 1 4x4 pick-up truck 2018 with 1 crew. Preliminary processing of 2 ATVs field data in field office. 1 Lacoste & Romberg gravity meter (G353) 3 Leica GPS 1 handheld Garmin June 17, Acquired 20 gravity stations. Operated 1 4x4 pick-up truck 2018 with 1 crew. Preliminary processing of 2 ATVs field data in field office. 1 Lacoste & Romberg gravity meter (G353) 3 Leica GPS 1 handheld Garmin June 18, Acquired 22 gravity stations. Operated 1 4x4 pick-up truck 2018 with 1 crew. Preliminary processing of 2 ATVs field data in field office. 1 Lacoste & Romberg gravity meter (G353) 3 Leica GPS 1 handheld Garmin June 19, Acquired 14 gravity stations. Operated 1 4x4 pick-up truck 2018 with 1 crew. Preliminary processing of 2 ATVs field data in field office. 1 Lacoste & Romberg gravity meter (G353) 3 Leica GPS 1 handheld Garmin June 20, Acquired 25 gravity stations. Operated 1 4x4 pick-up truck 2018 with 1 crew. Preliminary processing of 2 ATVs field data in field office. 1 Lacoste & Romberg gravity meter (G353) 3 Leica GPS 1 handheld Garmin

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Date Work Description Equipment Used June 21, Established GPS base station. Acquired 1 4x4 pick-up truck 2018 10 gravity stations. Operated with 1 2 ATVs crew. Preliminary processing of field 1 Lacoste & Romberg data in field office. gravity meter (G353) 3 Leica GPS 1 handheld Garmin June 22, Acquired 13 gravity stations. Operated 2 4x4 pick-up trucks 2018 with 1 crew. Preliminary processing of 1 Trailer field data in field office. A 4x4 pick-up 2 ATVs truck with 1 trailer and 2 ATVs 1 Lacoste & Romberg demobilized from Fairmont Hot Springs, gravity meter (G353) BC to High River, AB. 3 Leica GPS 1 handheld Garmin June 23, Demobilized from Fairmont Hot Springs, 1 4x4 pick-up truck 2018 BC to High River, AB

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APPENDIX B

GRAVITY REPORT

Fenwick Creek Area, B.C.

IMAGES (full size maps in .pdf format)

1. BouguerGravityMap.pdf 2. ColourElevationMap.pdf 3. ShadedReliefMap.pdf 4. SurfaceGeologyMap.pdf 5. 1kmResidualGravityMap.pdf 6. 250mEquivalentMassMap.pdf

By

EXCEL GEOPHYSICS INC. Box 5056 302 Centre Street S., High River, AB 599400 599600 599800 600000 600200 600400 600600 600800 601000 601200 601400 601600 601800 602000 602200 602400 602600 602800 603000 603200 5594800 5594800

5594600 3 5594600 7

6

4 7.5

5594400 5594400 7

6.5 5594200 6.5 5594200 7

3.5 5 6.5 7 5.5 8 7 4.5

3 5594000 5594000

6

4

8 7 7.5 mGal

6.5 5593800 7 5593800 8.0 7 PROCESSING FLOW 8 3D Bouguer

5 EQ. RES REG MASS 5 km Model 6.5 5593600 3.5 7 5593600 7.0 EQ. RES REG 8 MASS 1 km Model 5.5 4.5 7.5 3 EQ. RES REG MASS 250 m Model 1-3-1 6 7.5 7.5 4 5593400 5593400 6.0 4.5

7 7.5 7.5 6.5 Legend 2018 Gravity Survey 7 5593200 5593200 5.0 139 Gravity Stations

7 5 6.5 2016-17 Gravity Surveys 434 Gravity Stations 7.5 7.5 GSC Gravity Stations 3.5

5593000 5.5 5593000 4.0 3 4.5 Roads/Trails 6.5 6 Contour Interval : 0.1/0.5 mGal 4 7.5 Grid Interval : 20 m 7.5 Bouguer Density : Variable 5 7 Bouguer Datum : 2150 m ASL 5592800 5592800 3.0 Terrain Corrections to 25 km

7

7.5 5592600 5592600 Scale 1 : 10,000

8 7 0 100 200 300 400 500 5.5 3.5 8 metres 4.5 6.5 7.5 7.5 8 Coordinate System : NAD83, UTM Zone 11 5

3 7 6 5592400 4 5592400 GRAVITY - MAGNETICS INTERPRETATION

5592200 5592200 7.5 FEN RESOURCES LTD.

FENWICK CREEK, BC Date : October 3, 2018 FENWICK CREEK GRAVITY SURVEY Drawn By : NT 5592000 5592000 Revision : 1.0 BOUGUER GRAVITY MAP Project : #479 File : Boug_Local_Final.srf

5.5 7.5 3.5 4.5

4 7

3

6 5 6.5 EXCEL GEOPHYSICS INC. 5591800 5591800 High River, Alberta (403) 652-1068 www.excelgeophysics.com

599400 599600 599800 600000 600200 600400 600600 600800 601000 601200 601400 601600 601800 602000 602200 602400 602600 602800 603000 603200 599400 599600 599800 600000 600200 600400 600600 600800 601000 601200 601400 601600 601800 602000 602200 602400 602600 602800 603000 603200 5594800 5594800

2200 5594600 2200 5594600 2300

1800 2000 2200 1400

1900 5594400 2300 5594400

2300

1400 2100

1500 1600 5594200 2200 5594200 1700 2200 2400 1800 2000

5594000 2300 5594000 1900 2100

metres

2100 5593800 1600 5593800 1700 2400

2300

2200

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1500 2200 5593600 5593600 2100 2000 1600 1900 2100 2000 2000 1900

5593400 2100 5593400 1900 1800

1500 1700 1900 1800 Legend

1700 2018 Gravity Survey 5593200 1500 5593200 139 Gravity Stations

1600 1600 2016-17 Gravity Surveys 434 Gravity Stations 1500

2000 1500 GSC Gravity Stations 1600 5593000 1700 5593000 1400 Roads/Trails 2100 Contour Interval : 20/100 metres 1500 1300 Grid Interval : 25 m 2000 Bouguer Density : Variable 1400 1900 1200 Bouguer Datum : 2150 m ASL 5592800 5592800 Terrain Corrections to 25 km

1800

1500 1400 2100 5592600 1400 5592600 2100 Scale 1 : 10,000

1500 1900 0 100 200 300 400 500 1500 1800 metres 1400 Coordinate System : NAD83, UTM Zone 11 1700

5592400 1600 5592400 1700

1300 GRAVITY - MAGNETICS INTERPRETATION

5592200 5592200 2000 FEN RESOURCES LTD.

1600 1400 1300 FENWICK CREEK, BC Date : October 3, 2018 Drawn By : NT FENWICK CREEK GRAVITY SURVEY Revision : 1.0 5592000 1400 1500 5592000 1900 COLOUR ELEVATION MAP Project : #479 File : ColourElevation 1500 1400 1600 1800 _Final.srf 1700 1300 EXCEL GEOPHYSICS INC. 5591800 5591800 High River, Alberta (403) 652-1068 www.excelgeophysics.com

599400 599600 599800 600000 600200 600400 600600 600800 601000 601200 601400 601600 601800 602000 602200 602400 602600 602800 603000 603200 596000 598000 600000 602000 604000 606000 608000 610000 612000 614000

5602000 5602000

5600000 5600000

5598000 5598000 Legend

2018 Gravity Survey Roads/Trails 139 Gravity Stations Rivers/Lakes 2016-17 Gravity Surveys 5596000 5596000 434 Gravity Stations Project Area GSC Gravity Stations Scale 1 : 100,000

5594000 5594000 0 2 4 6 8 km Coordinate System : NAD83, UTM Zone 11

Grid Interval: 25m 5592000 5592000 BC TRIM Data

5590000 5590000 GRAVITY - MAGNETICS INTERPRETATION FEN RESOURCES LTD.

FENWICK CREEK, BC Date : October 3, 2018 5588000 5588000 Drawn By : NT FENWICK CREEK GRAVITY SURVEY Revision : 1.0

SHADED RELIEF MAP Project : #479 File : ShadedRelief _Regional.srf

5586000 5586000 EXCEL GEOPHYSICS INC. High River, Alberta (403) 652-1068 www.excelgeophysics.com 596000 598000 600000 602000 604000 606000 608000 610000 612000 614000 SURFACE GEOLOGY

596000 598000 600000 602000 604000 606000 608000 610000 612000 614000 Maps from the BC Ministry of Energy and Mines: Preliminary Map 36 - Geology of the Estella-Kootenay King Area, T. Höy, 1978. Preliminary Map 34 - Geology of the Mount Fisher-Sand Creek Area, M.E. McMechan, 1978. Geofile 2005-4 - Digital Geology Map of British Columbia: Tile NM11 Southeast B.C., Version 1.0 2005, N.W.D. Massey, D.G. MacIntyre, P.J. Desjardins, and R.T. Cooney, 2005. 5602000 5602000 Densities g/cm³ 2.68 CmOM McKay Group

5600000 5600000 2.71 CmOlc Rocky Mountains Formation - Cambrian to Ordovician Subunit 2.75 muCmO Ottertail Formation

2.71 muCmC Chancellor Formation 5598000 5598000

Legend

5596000 5596000 2018 Gravity Survey Roads/Trails 139 Gravity Stations Rivers/Lakes Project Area 2016-17 Gravity Surveys 434 Gravity Stations GSC Gravity Stations 5594000 5594000 Scale 1 : 100,000

0 2 4 6 8 km 5592000 5592000 Coordinate System : NAD83, UTM Zone 11

Bouguer Density : Variable Bouguer Datum : 2150 m ASL Terrain Corrections to 20 km 5590000 5590000 GRAVITY - MAGNETICS INTERPRETATION

5588000 5588000 FEN RESOURCES LTD.

FENWICK CREEK, BC Date : October 3, 2018 Drawn By : NT FENWICK CREEK GRAVITY SURVEY Revision : 1.0

5586000 5586000 SURFACE GEOLOGY Project : #479 File : SurfGeology _Regional.srf

596000 598000 600000 602000 604000 606000 608000 610000 612000 614000 EXCEL GEOPHYSICS INC. High River, Alberta (403) 652-1068 www.excelgeophysics.com 599400 599600 599800 600000 600200 600400 600600 600800 601000 601200 601400 601600 601800 602000 602200 602400 602600 602800 603000 603200 5594800 5594800

0 5594600 5594600

0.5

-0.5 5594400 5594400 0 0

0 5594200 5594200

-1 0 -0.5 5594000 5594000 0 0 0 mGal 0 0 5593800 0 -0.5 5593800 PROCESSING FLOW 0.8 3D 0 Bouguer

0 EQ. RES REG 0 0.6 MASS 5 km Model 5593600 5593600 EQ. RES REG MASS 1 km Model 0 0 0.4 EQ. 0.5 RES REG 0 MASS 250 m Model 1-3-1 0.2 0 0 5593400 0 5593400 0 -0.5 0.0 Legend

0 -0.2 2018 Gravity Survey 5593200 0 5593200 139 Gravity Stations 0 -0.4 0 2016-17 Gravity Surveys 434 Gravity Stations 0 0.5 -0.6 GSC Gravity Stations 5593000 0 5593000 0 -0.5 -0.8 Roads/Trails

0.5 0 Contour Interval : 0.1/0.5 mGal 1 -1 -1.0 Grid Interval : 20 m Bouguer Density : Variable Bouguer Datum : 2150 m ASL 5592800 5592800 -1.2 Terrain Corrections to 25 km

0

0 0 0

5592600 0.5 5592600 0 Scale 1 : 10,000

0 0 100 200 300 400 500 metres -0.5 Coordinate System : NAD83, UTM Zone 11 5592400 0 5592400 0 0 0

0 GRAVITY - MAGNETICS INTERPRETATION 0 5592200 5592200 FEN RESOURCES LTD.

FENWICK CREEK, BC Date : October 3, 2018 0 0 FENWICK CREEK GRAVITY SURVEY Drawn By : NT 5592000 5592000 Revision : 1.0 1km RESIDUAL GRAVITY MAP Project : #479 File : 1kmRes_Local _Final.srf

0 0 EXCEL GEOPHYSICS INC. 5591800 5591800 High River, Alberta (403) 652-1068 www.excelgeophysics.com

599400 599600 599800 600000 600200 600400 600600 600800 601000 601200 601400 601600 601800 602000 602200 602400 602600 602800 603000 603200 599400 599600 599800 600000 600200 600400 600600 600800 601000 601200 601400 601600 601800 602000 602200 602400 602600 602800 603000 603200 5594800 5594800 x10³ kg/m² EQUIVALENT

0 0 50.0 MASS 0 40 5594600 5594600 40.0 -20 0 0 20 30.0 0 MASS -40 EXCESS

5594400 -20 5594400 20.0

-20

0 10.0 20 5594200 5594200 0.0

0 -10.0 -20 -60 0 20 -40 -20.0 5594000 20 5594000 MASS 0 DEFICIT 0 0 -30.0 0 -20 -40 0 -40.0 5593800 5593800 0 20 -50.0

-20 -20 0 0 0 5593600 5593600 -20 PROCESSING FLOW 3D 0 0 40 40 Bouguer

0 20 EQ. RES REG MASS 5 km Model 0 EQ. RES REG 1 km Model 5593400 20 5593400 MASS 20 3D Model Properties EQ. Model Base: 250 m -20 RES REG -20 MASS 250 m Model Iterations: 10 Filter: 6 cells 0 1-3-1 -20 0 0 5593200 5593200 -40 0 -20 40 Legend

0 20 0 2018 Gravity Survey -40 139 Gravity Stations 2016-17 Gravity Surveys 5593000 -20 -40 20 5593000 0 434 Gravity Stations

0 -20 0 GSC Gravity Stations 40 20 Roads/Trails 20 0 -20 5592800 20 0 5592800 Contour Interval : 5/20x10³ kg/m² -60 Grid Interval : 20 m

0 Bouguer Density : Variable Bouguer Datum : 2150 m ASL

0 Terrain Corrections to 25 km 0 0 0 20 5592600 0 5592600

20 Scale 1 : 10,000 40 0 0 100 200 300 400 500 0 5592400 -20 5592400 metres -40 20 Coordinate System : NAD83, UTM Zone 11 0

20

-20 GRAVITY - MAGNETICS INTERPRETATION

5592200 0 20 5592200 0 0 FEN RESOURCES LTD. 0

0

FENWICK CREEK, BC Date : October 3, 2018 FENWICK CREEK GRAVITY SURVEY Drawn By : NT 5592000 5592000 Revision : 1.0 250m EQUIVALENT MASS MAP Project : #479 File : 250mEqM_Local _Final.srf

0 0 0 EXCEL GEOPHYSICS INC. 5591800 5591800 High River, Alberta (403) 652-1068 www.excelgeophysics.com

599400 599600 599800 600000 600200 600400 600600 600800 601000 601200 601400 601600 601800 602000 602200 602400 602600 602800 603000 603200