National Instrument NI 43-101 Report U3O8 Corp
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1 BERLIN PROJECT, COLOMBIA National Instrument NI 43-101 Report Prepared by Coffey Mining Pty Ltd on behalf of: U3O8 Corp. Effective Date: 2 March 2012 Qualified Person: Neil Inwood - BSc (Geol.), PGradDip (Geol), MSc, FAusIMM John Goode - BSc., P.Eng.,FAusIMM, MCIM Paul Miller - Ph.D,MIMM, Chart. Eng MINEWPER00790AC Coffey Mining Pty Ltd DOCUMENT INFORMATION Author(s): Neil Inwood Principle Resource Geologist BSc (Geol.), PGradDip (Geol), MSc, FAusIMM John Goode Consulting Metallurgist BSc., P.Eng.,FAusIMM, MCIM Paul Miller Manging Director Ph.D,MIMM, Chart. Eng. Date: 2 March 2012 Project Number: MINEWPER00790AC Version / Status: Final Path & File Name: F:\MINE\Projects\U3O8 Corp.\MINEWPER00790AC_Berin Project 2011\Report Preparation\Text\CMWPr_790AC_Berlin_43-101_Feb2012_Final.docx Print Date: Friday, 2 March 2012 Copies: U3O8 Corp.oration (2) Coffey Mining – Perth (1) Document Change Control Version Description (section(s) amended) Author(s) Date Document Review and Sign Off [signed] [signed] Primary Author Supervising Principal Neil Inwood Ingvar Kirchner Berlin Project, Colombia – MINEWPER00790AC National Instrument NI 43-101 Report – 2 March 2012 Coffey Mining Pty Ltd DATE AND SIGNATURE PAGE The “qualified persons” (within the meaning of NI 43-101) for the purposes of this report are Mr Neil Inwood, Mr John Goode and Dr Paul Miller. The effective date of this report is March 2, 2012. [signed] BSc (Geol.), PGradDip (Geol), MSc, FAusIMM Neil Inwood Principle Resource Geologist Coffey Mining Pty Ltd. Signed on the 2 March 2012 [signed] B.Sc., P.Eng., FAusIMM, MCIMM Mr John Goode Consulting Metallurgist J.R. Goode and Associates Signed on the 2 March 2012 [signed] Ph.D, MIMM, Chart. Eng. Dr Paul Miller Managing Director Sulphide Resource Processing Pty Ltd Signed on the 2 March 2012 Berlin Project, Colombia – MINEWPER00790AC National Instrument NI 43-101 Report – 2 March 2012 Coffey Mining Pty Ltd Table of Contents Date and Signature Page ............................................................................................................................... i 1 Summary .............................................................................................................................................. 1 2 Introduction ......................................................................................................................................... 3 2.1 Scope of Work .................................................................................................................................... 3 2.2 Principal Sources of Information ........................................................................................................ 3 2.3 Participants ......................................................................................................................................... 4 2.4 Site Visit .............................................................................................................................................. 4 2.5 Qualifications and Experience ............................................................................................................4 2.6 Independence ..................................................................................................................................... 5 2.7 Abbreviations ...................................................................................................................................... 5 3 Reliance on Other Experts ................................................................................................................. 7 4 Property Description and Location ................................................................................................... 8 4.1 Regulatory Framework for Mineral Properties in Colombia ...............................................................8 4.1.1 Overview ........................................................................................................................... 8 4.1.2 Legal and Regulatory Framework of Mineral Concessions ............................................. 8 4.1.3 Repatriation of Funds and Payment of Dividends ............................................................ 9 4.1.4 Canada-Colombia Free Trade Agreement .......................................................................9 4.1.5 Mineral Concessions .........................................................................................................9 4.1.6 Other Required Permits and Environmental Liabilities .................................................. 10 4.1.7 Concession Fees ........................................................................................................... 11 4.2 Royalties .......................................................................................................................................... 11 4.3 Area of the Berlin Project Properties ............................................................................................... 11 4.4 Location of the concessions ............................................................................................................ 12 4.5 Location of Mineralised Zones Relative to the Properties .............................................................. 13 4.6 Details Pertaining to the Concessions ............................................................................................ 13 4.6.1 Concession 1 (File No 755-17) ...................................................................................... 13 4.6.2 Concession 2 (File No 756-17) ...................................................................................... 14 4.6.3 Concession 3 (File No 664-17) ...................................................................................... 15 4.6.4 Concession 4 (File No IFM 08221X) ............................................................................. 16 4.6.5 Concession 5 (File No 736-17) ...................................................................................... 17 4.7 Related Agreements ........................................................................................................................ 18 4.8 Comments ....................................................................................................................................... 18 5 Accessibility, Climate, Local Resources, Infrastructure and Physiography ............................... 19 5.1 Topography, Elevation and Vegetation ........................................................................................... 19 5.2 Access and Infrastructure ............................................................................................................... 20 5.3 Climate ............................................................................................................................................. 21 6 History ................................................................................................................................................ 22 6.1 Prior Ownership of the Berlin Property ........................................................................................... 22 6.2 Prior Exploration .............................................................................................................................. 22 6.3 Historic Resource Estimates ........................................................................................................... 28 6.3.1 Historic Resource Estimate ........................................................................................... 28 6.4 Metallurgical Testwork ..................................................................................................................... 28 7 Geological Setting and Mineralisation ............................................................................................ 29 7.1 Regional Geology ............................................................................................................................ 29 Berlin Project, Colombia – MINEWPER00790AC National Instrument NI 43-101 Report – 2 March 2012 Coffey Mining Pty Ltd 7.1.1 Lithology and Stratigraphy ............................................................................................. 29 7.1.2 Structure ......................................................................................................................... 33 7.2 Geology of the Berlin Project .......................................................................................................... 34 7.2.1 Lithology & Stratigraphy ................................................................................................. 34 7.2.2 Structure ......................................................................................................................... 40 7.3 Mineralisation .................................................................................................................................. 43 7.3.1 Method of Study ............................................................................................................. 43 7.3.2 Description of the Mineralised Zone .............................................................................. 43 7.3.3 Composition and Textures of the Host Rocks ............................................................... 44 7.3.4 Nature of the Mineralization ........................................................................................... 50 7.3.5 Alaskite ..........................................................................................................................