Prospecting Report on Jackpot Lithium Property
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PROSPECTING REPORT JACKPOT LITHIUM PROPERTY Georgia Lake, Northwestern Ontario, Canada For GOLDEN DORY RESOURCES CORP. 50 McCurdy Drive Gander, NL Canada A1V 1A2 Prepared By: Paul E Nielsen June 5, 2012 Table of Contents Page 1.0 Introduction............................................................................ 1 2.0 Location........................................................................... 1 3.0 Access..................................................................................... 1 4.0 Claim Description and Ownership.......................................... 1 5.0 Topography.............................................................................. 4 6.0 Prospecting.............................................................................. 4 7.0 References............................................................................... 7 Figures Figure 1 – General Location Map 2 Figure 2 – Claims Map 3 Figure 3 – Area of Prospecting Coverage 5 Tables Table 1- Ownership of Jackpot Claims........................................ 1 Maps Map 1 Sample Location Plan Map Scale 1:2,500 Map 2 Prospecting and Sample Description Map Scale 1:1,000 Appendices Appendix 1 Prospecting Log Appendix 2 Sample Description Sheet Appendix 3 Assay Certificate – A12-03695 Actlabs Appendix 4 A12-03695 Lithoplots Appendix 5 Lithium and Rare Earth Oxide Conversions 1.0 Introduction At the request of Golden Dory Resources Corp a preliminary prospecting work was carried out on the Jackpot Lithium Property on April 6, 2012. According to Pye (1965), the Jackpot property was named for the size of the area, about 1,000 ft (=304.8 m) across, throughout which outcrops of lithium-bearing pegmatite are numerous and closely spaced. The spodumene-bearing pegmatites on the Jackpot property are hosted by quartz- mica schist. The pegmatites are zoned with an occasional aplite border zone, and common quartz-feldspar-mica outer zone andspodumene-bearing pegmatite inner zone. The Jackpot consists of 3 contiguous claims, 4 claim units and a total of 64 ha. The claims are jointly owned by Jim Forbes, John Rapski and Steve Forbes. In October 2009, Jim Forbes, John Rapski, Steve Forbes and Golden Dory entered into an option agreement whereby Golden Dory gets a 100% interest in the property by paying the three prospectors a total of $100,000 cash and issuing 400,000 shares. The three prospectors retain a 2% NSR. 2.0 Location The Jackpot is located about 1 km southeast of Georgia Lake shore, approximately 50 km northeast of the town of Nipigon by road and 140 km northeast of Thunder Bay (Figure 1). The Jackpot is located within Thunder Bay Mining Division, Barbara Lake area in NTS sheet 42E05SW. The approximate center of Golden Dory’s claims is UTM 432551 E, 5461493 N, Zone 16, NAD83 and longitude/latitude 87º55’40”W and 49º18’9”N. 3.0 Access The Jackpot can be accessed by helicopter from Thunder Bay to the property a distance of approximately 140 km northeast of the city. Under ideal dry conditions an alternate means of access is to drive 40 km north of the town of Nipigon on TransCanada Highway #11, then drive 10 km east on a dirt road towards Georgia Lake. The southwest corner of claim 4245836 is 20 m northeast of the dirt road. 4.0 Claim Description and Ownership The Jackpot consists of 3 contiguous claims, 4 claim units and a total of 64 ha (Table 1) and Figure 2 The claims are jointly owned by Jim Forbes, John Rapski and Steve Forbes (see Table 1 for details of ownership. In October 2009, Jim Forbes, John Rapski, Steve Forbes and Golden Dory entered into an option agreement whereby Golden Dory gets a 100% interest in the property by paying the three prospectors a total of $100,000 cash and issuing 400,000 shares. The three prospectors retain a 2% NSR. The boundaries of the claims were located by ground staking. The surface rights are owned by the Crown. There are no historic mine workings, tailings or environmental liabilities on the property. Table 1 Ownership of Jackpot claims Claim Number Township/Area Recorded Holder Due Date Units Work RequireArea(ha) 4245836 FORBES, STEVE HAROLD ( 7.00 %) 2012-06-09 1 $400.00 16 BARBARA LAKE AREA (G-0006) FORBES, JIM HAROLD ( 45.50 %) RAPSKI, JOHN PETER ( 47.50 %) 4245837 FORBES, STEVE HAROLD ( 7.00 %) 2012-06-09 2 $800.00 32 BARBARA LAKE AREA (G-0006) RAPSKI, JOHN PETER ( 47.50 %) FORBES, JIM HAROLD ( 45.50 %) 4245840 FORBES, JIM HAROLD ( 45.50 %) 2012-06-09 1 $400.00 16 BARBARA LAKE AREA (G-0006) RAPSKI, JOHN PETER ( 47.50 %) FORBES, STEVE HAROLD ( 7.00 %) 1 OgokiOgoki * ArmstrongArmstrong LacLac SeulSeul SavantSavant LakeLake NakinaNakina SiouxSioux LookoutLookout LakeLake NipigonNipigon LonglacLonglac GeraldtonGeraldton DrydenDryden BeardmoreBeardmore HEARSTHEARST JackpotJackpot IgnaceIgnaceIgnaceIgnace JackpotJackpot PropertyProperty HornepayneHornepayne ManitouwadgeManitouwadge UpsalaUpsala SchreiberSchreiber MineMine CentreCentre MarathonMarathon AtikokanAtikokan TerraceTerrace BayBay FORTFORT FRANCESFRANCES WhiteWhite RiverRiver THUNDERTHUNDER BAYBAY LakeLake SuperiorSuperior 0 50 100 Figure 1 kilometres General Location Map 2 431,000 mE 432,000 mE 433,000 mE 434,000 mE 435,000 mE *436,000 mE 5,464,000 mN Mush Lake 5,464,000 mN Georgia Lake 5,463,000 mN 5,463,000 mN Pond Lake 5,462,000 mN Solar Lake 5,462,000 mN 4245840 4245837 Jackpot Lithium Occurence 4245836 5,461,000 mN 5,461,000 mN Projection: UTM Zone 16 0 400 800 NAD83 meters 431,000 mE 432,000 mE 433,000 mE 434,000 mE 435,000 mE Figure 2 - Claims Map 3 5.0 Topography Pye (1965) summarised the topography of the Georgia Lake area: “The Georgia Lake area is one of topographic contrasts. The parts of the area in which metasediments are exposed are, for the most part, of low relief. In contrast, the parts underlain by granitic rocks are rugged, with rounded hills rising up to about 150 feet above the general level. Most conspicuous, however, are high, imposing vertical or near-vertical cliffs at the boundaries of large exposed sheet-like masses of diabase.” “Rock exposures in the area are abundant, and between the outcrops there is a thin mantle of glacial deposits. These glacial deposits consist mainly of stratified accumulations of unconsolidated sand and gravel. Some of them represent a ground moraine sorted by the action of glacial meltwaters; others form prominent terraces along the shores of Lake Nipigon and in the valley occupied by Keemle and Wanogu Lakes, and are abandoned beach deposits. Esker ridges also are present but are not high and do not extend for any great distances.” The topography on Golden Dory’s current claims is moderate. The minimum elevation is 436 m near the lake in claim 4245840 which is underlain by metasediments. The maximum elevation is 489 m on top of the hill on the east side of claim 4245837 which is underlain by Nipigon diabase. Thus the range in elevation is 53 m (Selway, 2010). 6.0 Prospecting Traverses covered two claims 4245837 and 4245840 of the 3 claim group. Prospecting was carried out to locate any historic workings and assess the potential of surrounding rock to host significant lithium and tantalum mineralization (Appendix 1). During the traverses overburden cover, topography and vegetation were noted. Outcrops were described and samples were taken for lab analysis of whole rock oxides, lithium,tantalum, rare earth elements and other associated trace elements (Appendix 2 and 3). Samples were subseqently plotted on a map at 1:2,500 scale (Map 1). Sample descriptions, vegetation, overburden, traverses and outcrops were plotted on a map at 1:1,000 scale (Map 2). Chondrite normalized rare earth element plots were provided by Actlabs (Appendix 4). Rare earth elements were converted to percentage oxide and totaled (TREO) and listed in Appendix 5. Prospecting was carried out in the field by the following personnel: Mr Michael Stares 3250 Highway 130 Rosslyn, ON P7K 0B1 _________________________________ 4 432,000 mE 432,500 mE 433,000 mE 433,500 mE 5,462,000mN 5,462,000mN 5,461,500mN 5,461,500mN 5,461,000mN 5,461,000mN 0 100 200 metres 432,000 mE 432,500 mE 433,000 mE 433,500 mE 5 Mr Stephen Stares RR #2, 3250 West Arthur St. Thunder Bay, ON P7C 4V1 _______ __________________________ Mr Kevin Keats 4 Carr Crescent Gander, NL A1V 2E3 _________________________________ Respectfully Submitted, Paul E. Nielsen June 5, 2012 6 7.0 References Pye, E.G., 1965: Georgia Lake Area. Ontario Department of Mines, Geological Report No. 31 Selway, J., 2010: Property Report Jackpot Lithium Property, Georgia Lake, Northwestern Ontario, Canada 7 Map 1 Sample Location Plan Map Scale 1:2,500 432,300 mE 432,500 mE 432,700 mE 432,900 mE *Astronomic mN 5,461,900 5,461,900 mN 5,461,900 4245837 4245840 Mixed trees, Gravel, boulders 1099406 5,461,700 mN 5,461,700 1099410 Spruce, pine 1099407 Boulders 1099408 5,461,700 mN 5,461,700 1099409 1099404 Traverse Line Helicopter 1099405 Pad 1099401 Spruce, pine Boulders 5,461,500 mN 5,461,500 1099402 Jackpot Li 1099403 5,461,500 mN 5,461,500 4245836 Jackpot Li Property 0 50 100 Sample Location Map metres Scale 1:2,500 432,300 mE 432,500 mE 432,700 mE 432,900 mE Map 2 Prospecting and Sample Description Map Scale 1:1,000 5,461,800 mN 5,461,800 432,400 mE 432,500 mE 432,600 mE 432,700 mE 432,800 mE Astronomic 5,461,800 mN 5,461,800 * 4245837 1099406 1 meter wide altered pegmatite dyke, yellow green alteration tr to .5% black mineral. Mixed trees, Gravel, boulders 1099410 1 meter wide altered pegmatite dyke mN 5,461,700 with orange alteration 1099408 albite rich pegmatite dyke 1 meter wide, flat lying but at surface, abundant black minerals, 5,461,700 mN 5,461,700 1099407 as in 1099408 Spruce, pine Boulders 1099404 worm like dyke (flat lying). 5 meters wide with black mineral throughout . Trace to 1%spodumene with pink minerals Old blast pit Helicopter Pad .