31Me4SW8848 63.2933 STRATHCONA 010

FOXDALE MINES LI Suite 313, 67 Yonge Street, Toronto, Onta COMMON SHARES (No Par Value) M. GREENE ft ASSOCIATES LIMITED Underwriter-Optionee NEW OFFERING: This offering is a new issue of 415,000 shares consisting of 300,000 underwritten shares and 115,000 under option as follows: Maximum Price Firmly Under Price Per Net Proceeds to Public Underwritten Option Share jo Company* Per Share 300,000 ~ l O cents S30,000.00 20 cents 100,000 15 cents 515,000.00 30 cents 15,000 30 cents S 4,500.00 60 cents 300,000 115,000 S49,500.00 * There is no obligation upon the Underwriter-Optionee and there is no assurance that any of the optioned shares will be purchased. The purpose of this offering is to provide the Company with sufficient funds to defray its ordinary operating expenses and the costs of carrying out the exploration and development programs recommended by its consulting engineers. See within under the headings "History and. Business" and "Use of Proceeds".

SECONDARY OFFERING: There is also a secondary offering of 134,400 shares owned by M. Greene A Associates Limited, who is also the Vendor and Promoter, which will not take place until the Underwriter-Optionee has taken down and paid for the entire new issue of 415,000 shares. The proceeds from the sale thereof will accrue to the selling shareholder aforementioned and not the treasury of the Company. The Underwriter-Optionee will either sell the shares purchased by it to the public itself as principal, or through registered brokers or broker-dealers who will be acting as agents and be paid a commission not to exceed 25 per cent plus a contribution towards selling costs of 15 per cent, or at the usual brokerage rates established by The Toronto Stock Exchange for mining shares, or will sell such shares to registered brokers or broker-dealers at a mark-up not exceeding one cent (10) per share, which brokers or broker-dealers will then offer the said shares to the public as principals. The holder of the 134,400 issued and outstanding shares of the Company will sell same through itself or registered brokers or broker-dealers who will offer them to the public as principals. There is no market for the shares of the Company. THESE SECURITIES ARE SPECULATIVE Registrar and Transfer Agent CANADA PERMANENT TRUST COMPANY 1901 Yonge Street, Toronto, Ontario No securities commission or similar authority in Canada has in any way passed upon the merits of the securities offered hereunder and any representation to the contrary is an offence.

This Prospectus is dated the 8th day of February, 1972 31Ma4SW0048 63.2933 STRATHCONA 0 10C

TABLF OF CONTENTS

Page

Head Office I

History and Business l

Strathcona Township Claims l

Preliminary Expenses 2

Use of Proceeds 3

Offering 3

Secondary Offering .4

Description of Share Capital 4

Capitalization 4

Escrowed Shares 4

Principal Holder of Shares 5

Dividends 5

Purchaser©s Statutory Right of Withdrawal and Rescission 5

Management 6

Remuneration of Directors and Senior Officers 7

Promoter 7

Interest of Management and Others in Material Transactions 7

Auditors 7

Material Contracts 7

Financial Statements . ,. 8 H KA D OFFICE The Head Office of FOXDALE MINES LIMITED (hereinafter referred to as the "Company") is Suite 313. 67 Yonge Street, Toronto, Ontario.

HISTORY AND BUSINESS The Company was incorporated under The Business Corporations Act 1970 by Articles of Incorporation dated December 15, 1971 to engage in the acquisition, exploration, development and operation of mines, mineral lands and deposits and petroleum arid natural gas wells. The Company commenced business on the 15th day of December, 1971 on which date it entered into an agreement with M. Greene A Associates Limited, 660 Eglinton Avenue East, Toronto 17, Ontario, as Vendor, under which it acquired its Strathcona Township Claims described below, for 750,000 fully paid and non-assessable shares of its share capital. These claims cost the Vendor the sum of S4,000.00. These shares were issued to the Vendor who is the Promoter of the Company and also is the Underwriter-Optionee as referred to under the headings "Promoter" and "Offering" respectively. M. Greene A Associates Limited is the only person or company who has received or is entitled to receive a greater than S Vo interest in the above consideration. Milton Klyman, 21 Wembley Road, Toronto, Ontario, and Morris Greene, 3 Foxdale Crescent, Willowdale, Ontario, are the only persons who have a greater than 5 ^c interest in M. Greene A Associates Limited. Strathcona Township Claims: The Strathcona Township Claims were purchased by the Company for 750,000 shares of its capital stock and these claims are more particularly described as follows. The property comprises twenty contiguous unpatented mining claims in Strathcona Township in the Larder Lake Mining Division, of the Province of Ontario. The claims are numbered 291316 to 291335 inclusive, and are registered in the name of a trustee for the Company and are in good standing until May, 1972. The claims group is in the north central part of Strathcona Township, District of Nipissing. It straddles Highway 11 roughly two miles south of the Town of Timagami. The Ferguson Highway crosses the eastern portion of the group. The northern part of the claim group is accessible by means of Jessie l^ake which touches Highway 11. The following is a summary of the report of T. Heale, P.Eng., which full report dated February 8th, 1972 is on file in the public files of the Ontario Securities Commission. The area around the northeast arm of Lake Timagami has attracted the interest of pros pectors for many years. In the early nineteen hundreds gold and silver were actively searched for but with the finding of sulphide mineralization the search turned to copper and nickel. Numerous occurrences of sulphides are found in Strathcona Township, from Caribou Lake in the north to Herridge Lake in the south, a distance of 5 miles. Disseminated mineralization has also been outlined along the south shore of the northeast arm of Lake Timagami. These sulphide occurrences are found mainly in acid and intermediate volcanics of Keewatin age which have been intruded by a granitic complex from the south west, the Iceland Lake Intrusive. The property consists of a group of 20 unpatented contiguous claims in the north central part of Strathcona Township astride the contact of the granite complex and the volcanics. No reports of previous exploration work on these claims are available to the writer but some work is indicated by test pits on the ground. Preliminary Geological .Map P.596 indicates pyrite and chalcopyrite just to the south of Jessie Lake. As the mineralization occurs as disseminated l sulphides it is amenable to delineation using induced potential geophysical methods. It is proposed to cover the claims with nonh-south picket lines at intervals of 400 feet and conduct an I.P. survey outwards from the known sulphide showing. The next phase of the program would include diamond drilling of I.P. anomalies and geological mapping. The following is the estimated cost of the program: Line cutting at 400 foot spacing Estimated 22 miles (a 595/mile S 2,090.00 I.P. Survey 10 miles (fi 5400/mile S 4,000.00 Supervision S 1,500,00 Transportation and field expense .5 800.00 Contingency 5 1,000.00 TOTAL PHASE l S 9,390.00 Geological mapping and sampling S 2,000.00 Diamond drilling 3000 feet at 57.50/foot 522,500.00 Supervision 5 1,000.00 Travelling and field expense S 750.00 Contingency S 2,500.00 TOTAL PHASE 2 528,750.00 TOTAL COS! PHASE l A 2 538,140.00 The Company intends to carry out Phase l at the present time and following conclusion of Phase l (if warranted and if financing of the Company permits), the Company intends on the recommendation of its consulting engineer, to proceed with Phase 2. The Company is not aware of any previous surface work done on the mining claims and reference is made to the summary as to the only known evidence of mineralization on the mining claims, and therefore, the foregoing program represents an exploratory search for ore. To the knowledge of the Company, there is no surface nor underground plant or equipment on the mining claims. The Company has done no work on the mining claims to the date hereof. The claims were recorded in May, 1971, and to keep the claims in good standing, during the first year after recording 20 days work must be performed and recorded, 40 days work performed and recorded yearly for the next three years and 60 days work performed and recorded in the fifth year. Thereafter, and after surveying, claims are required to be brought to a twenty-one (21) year lease in the ensuing year with annual rentals of S 1.00 per acre during the first year and 25 cents per acre annually thereafter. If a lease is for mining rights only, the second and sub sequent years© rental are at the rate of 10 cents per acre. Such lease is renewable for succeeding twenty-one (23) year terms.

PRELIMINARY EXPENSES Incorporation and organization expenses, including the cost of this issue, are estimated to be 56,000, of which 55,085 have been paid to date by the Promoter who has also paid the sum of 5855.00 as exploration and development expenses consisting of 5750.00 for an engineer©s report and 5105.00 for transfer fees, which sums in the total of 55,940 have been satisfied by the issuance of 59,400 shares of the Company at the rate of 10 cents per share. An amount for subsequent professional services, including engineering, legal and audit and also directors© fees for meetings cannot be estimated as it will depend on the services performed and directors© meetings attended. Preliminary development expenses will be in the amount of 59,390.00. IJSK OF PROCF.KDS The net proceeds to be received from the sale of the underwritten shares, after deducting the balance of the cost of this issue estimated at S860.00 are estimated at 529,140.00. There is no assurance that any of the shares under option and referred to under the heading "Offering" will be purchased but if all the said shares are sold, the Company will receive an additional 529,500.00. The net proceeds from this offering are to be used to meet the cost of carrying out the preliminary program of the work recommended on the Strathcona Township Claims estimated at 59,390.00, and, if warranted, to the follow-up phase of the program. Excess monies will form part of the working capital of the Company to be used for current operating expenses. While the Company has no plans in this regard at the present time, monies in its treasury, as available, may also be used to defray programs of acquiring, staking, exploring and developing other properties either alone or in consort with others and to generally carry out exploration programs as opportunity and finances may permit but monies will not be expended on the acquisition of or on any new properties acquired without an amendment to this Prospectus being filed if the securities of the Company are then in the course of distribution to the public.

OFFERING The Company entered into an agreement dated January 7th, 1972, as amended February 8, 1972, with M. Grecne Si Associates Limited, 660 Eglinton Avenue East, Toronto 17, Ontario, (on its own behalf), whereby that company agreed to purchase the following shares of the Company.

Underwritten Shares No. of Shares Price Per Net Amount to be Underwritten Share Received by Company 300,000 10 cents 530,000.00 The purchase price in the amount of 530,000.00 is payable forthwith after the date of the acceptance for filing by the Ontario Securities Commission of the Company©s prospectus, such date being referred to as the "effective date". The Underwriter-Optionee was also granted the undcrnoted options to purchase additional shares of the Company.

Optioned Shares Time With Which Options No. of Shares Price Per Exercisable Calculated Optioned Share from Effective Date 100,000 15 cents 3 months 15,000 30 cents 6 months The shares offered hereby will be offered to the public through registered security dealers. The Company is not aware of any assignments, sub-options or sub-underwriting agreements with respect to the aforementioned underwritten shares. The shares offered hereby will be offered at a price determined by the Underwriter-Optionee which will be within the maximum offering price permitted by the rules and regulations of the Ontario Securities Commission which maximum price is set out on the cover hereof. SECONDARY OFFERING There is a secondary offering of 134,400 shares owned by M. Greene Si Associates Limited which will not take place until such time as all of the shares underwritten and under option have been taken down and paid for by the Underwriter-Optionee. The proceeds from the sale of these shares will accrue to the selling shareholder and not the treasury of the Company.

DESCRIPTION OF SHARE CAPITAL The common shares are the Company©s only class of shares. All shares issued by the Company rank equally as to dividends. There are no indentures or agreements limiting the payment of dividends. All shares issued by the Company rank equally as to voting power, one vote for each share. At all special or general meetings of the Company two shareholders per sonally present constitute a quorum. The By-Laws of the Company provide that at meetings of shareholders a resolution may be voted upon by a show of hands unless a poll is demanded by a shareholder. On a show of hands every shareholder shall have one vote for each share held by him. In each case in the event of a tie vote, the Chairman has a second or deciding vote. There are no conversion rights and there are no special liquidation rights, pre-emptive rights or subscription rights. The presently outstanding shares are not subject to any call or assessment. Certificates representing 750,000 issued shares of the Company are held in escrow as referred to under the heading "Escrowed Shares".

CAPITALIZATION Number outstanding as of Jan 7,1972 Number Number (date of Balance Number outstanding if Authorized Sheet Outstanding all securities Designation by Articles of contained in as of being issued of Securities Incorporation ^ Prospectus) Jan. 10, 1972 are sold (i) Common Shares 3,000,000 809,400 809,400 1,109,400 No Par Value DOI LAR VALUF (ii) (S3,000,000) (580,940) (S80.940) (S 110,940)

(i) This figure reflects only the sale of 300,000 underwritten shares, and if the 115,000 shares under option are all taken up and paid for, the number of shares outstanding would be 1,224,400 and would have a dollar value of S130.440.00. (ii) Maximum aggregate consideration for which all authorized shares may be sold.

ESCROWED SHARES At the present time, certificates representing the 750,000 shares referred to below are held in escrow by Canada Permanent Trust Company, 1901 Yonge Street, Toronto, Ontario, subject to release only on the written consent of the Company and the Ontario Securities Commission and subject further to transfer, hypothecation, assignment or other alienation only with the written consent of the Ontario Securities Commission. Under the terms, of the agreement dated December 35, 1971, whereby the Company obtained its Strathcona Township claims for the aforesaid 750,000 escrowed shares, 10 per cent (75,000) of the escrowed shares will be released from escrow forthwith upon the occurrence of the effective date and the taking down and paying for of the underwritten snares by the Underwriter-Optionee. Designation of Number of Shares Percentage Security_ Held in Kscrow (i) of Class (ii) Common Shares 675,000 60.847r No Par Value (i) This figure reflects the release of 75.000 shares from escrow upon the taking down and payment for the underwritten shares. (ii) Calculated on the basis of there being 1.109,400 shares issued and outsland ng following the sale of 300,000 underwritten shares. PRINCIPAL HOLDER OF SHARES Class of Type of Number of Percentage Name and Address Security Ownership Shares Held of Class (i) M. Greene A Common Shares Direct, of 809,400 72.0696 Associates Limited, No Par Value record and 660 Eglinton Ave. East, beneficially Toronto 17, Ontario. owned (i) Calculated on the basis of there being 1,109,400 shares issued and outstanding following the sale of 300,000 underwritten shares. Set forth below are particulars of the shares of the Company beneficially owned by the Directors and Senior Officers of the Company: rj)esignatioru)f^?lass Percentage of Class Common Shares Nil (direct) No Par Value 72.0696 (indirect) NOTE: Mr. Klyman is a principal shareholder of M. Greene A Associates Limited, M. Greene A Associates Limited, the principal shareholder of the Company, is offering 13 "1,400 shares of the Company for sale as referred to on the cover of this prospectus. If all of the said 134,400 shares are sold, they will retain 675,000 previously undistributed shares of the Company. The following table shows the percentage holdings of the abovementioned principal share holder before and after the proposed secondary offering of shares referred to on the cover: Percentage of Class Percentage of Class Parses Before Offenng (i) After Offering (ii) M. Greene A 66.11 * 52.4096 Associates Limited Other 33.8996 47.6096 (i) Computed on the basis of the whole of the primary offering of 300,000 shares, underwritten and 115,000 shares under option having been taken down and paid for, resulting in 1,224,400 shares being issued and outstanding. Assumes that none of the said underwritten and optioned shares are owned by the principal shareholder. (ii) Computed on the basis of all 415,000 treasury shares underwritten and under option and all 134,400 shares offered for sale by the Principal Shareholder as described on the cover are sold, DIVIDENDS No dividends have been paid to date by the Company. PURCHASER'S STATUTORY RIGHT OF WITHDRAWAL AND RESCISSION The Securities Act, R.S.O. 1970, chapter 426 as amended contains (Sections 64 and 65) certain provisions enabling a purchaser of securities offered in the course of primary distribution to rescind the contract of purchase: (a) while the purchaser is still the owner of the securities, if the prospectus and any amended prospectus, as of the date of receipt by the purchaser, contains an untrue statement of a material fact or omits to state a material fact in order to make any statement contained therein not misleading, the purchaser may bring an action to rescind but only if action is commenced within 90 days from the last to occur of the receipt of the prospectus or amended prospectus or the contract of purchase; and (b) if the person or company from whom the securities were purchased is notified in writing or by telegraph of the purchaser©s intent to rescind not later than midnight of the second day, exclusive of Saturdays, Sundays and holidays, after receipt by the purchaser of the prospectus or amended prospectus. A prospectus or amended prospectus sent by prepaid mail is deemed conclusively to be received in the ordinary course of mail. The receipt thereof by a person or company acting as agent or who thereafter commences to act as agent of the purchaser shall be receipt by the purchaser as of the date of the agent©s receipt thereof; however, for the purpose of the foregoing, a person or company is not considered to be acting as agent of the purchaser unless the person or company is acting solely as an agent of the purchaser and has not received and has no agreement to receive compensation from or on behalf of the vendor with respect to the purchase and sale. This right of rescission is not available to a registrant or to a purchaser who sells or otherwise transfers beneficial owner ship to the securities purchased before the expiration of the time within which rescission may be effected. MANAGEMENT Nkmie Position MILTON KLYMAN was self-employed as a Chartered 21 Wembley Road, President and Accountant until August 1963 and from that date until Toronto, Ontario. Director May 1966 he was President and a Director of E. J. Sharpe Instruments of Canada Limited, 79 Martin Ross Avenue, Downsview, Ontario (now called Scintrex Limited). From May 1966 to April 1967 he was a Director of the same company and since March 1964 he has been a trading officer and Secretary-Treasurer of M. Greene A Associates Limited. He is also asso ciated with Force Crag Mines Limited and Marquis Explorations Limited. IRVING DOBBS has been President of Dobbs A Com 43 Bellbury Ores., Director pany Insurance Limited for more than the past five Willowdale, Ontario. years. He is also a director and/or officer of several corporations including Home Mining Developments Limited, Force Crag Mines Limited and Marquis Explorations Limited. THOMAS WALTER DENT, P.Eng., B.Sc., has since Apartment 109, Director March, 1967 until March. 1968 been assistant editor 36 Castle Frank Rd., of the Northern Miner. From June 1968 until May, Toronto. Ontario. 1969, he has been Mine Manager of Manridge Mines and since June, 1969, has been employed as a consulting geologist. LAWRENCE MURPHY has since February l, 1967 23 Elmont Drive, Secretary- been employed by Industracorp Services Limited, and Toronto 16, Ontario. Treasurer since November 1969 he has been the sole beneficial owner of that Company©s shares. He is also associated with Force Crag Mines Limited, Home Mining Devel opments Limited and Marquis Explorations Limited. Management intends in rely on the advice of (he Company©s Consulting Engineer, Mr. Tom Healc, P.F.ng., with respect to technical matters relating to the Company©s properties and operations, for which Mr. Healc will bc paid his usual fees. The services of Mr. Heale will be rendered as an independent consultant and not as an employee of the Company.

REMUNERATION OF DIRKCTORS AND SKNIOR OFFICERS No director or senior officer of the Company has received any remuneration since incorpora tion and it is not intended to pay them any during the current financial year except that directors of the Company will be paid the sum of 550.00 for each meeting of the Board of Directors attended. It should be noted that Industracorp Services Limited, whose shares are solely owned beneficially by Mr. Murphy, is to be paid the sum of S200.00 a month for corporate secretarial services.

PROMOTER M. Greene A Associates Limited is the Promoter of the Company. Reference is made to the heading "History and Business" concerning the Strathcona Township claims vended by them to the Company for 750,000 shares of its share capital. Since these claims are completely unproven, it is not possible to assign any value thereto, and accordingly, the said shares were allotted at an arbitrary value of 10 cents a share for a total amount of S75,000 which amount does not bear any correlation to the actual worth of the property which was acquired by the Promoter at a cost of approximately 14,000. The valuation of 10 cents per share was arbitrarily set by the present directors of the Company who became directors at the request of the Promoter.

INTERKST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS Reference is made to the heading "History and Business" for particulars concerning the agreement dated December 15, 1971, where M. Greene A Associates Limited sold the Strath cona Township property to the Company for 750,000 shares. Reference is also made to the heading "Offering" and the agreement dated January 7, 1972 (as amended), entered into between the Company and M. Greene A Associates Limited, relating to the underwriting and optioning of shares of the Company.

AUDITORS The auditors of the Company are Stern, l ass. Shoom * Co., Chartered Accountants, 801 Eglinton Avenue West, Toronto, Ontario.

MATERIAL CONTRACTS The only material contracts entered into by the Company during the preceding two years are as follows: 1. Agreement dated December 15, J 971 between the Company and M Greene A Associates Limited, whereunder the Company acquired its Strathcona Township claims, the same being referred to under the heading "History and Business". 2. Agreement dated January 7, 1972, as amended February 8 .1972, with M. Greene A Associates Limited and relating to the underwriting and optioning of shares of the Company, the same being referred to under the heading "Offering". During the primary distribution of securities offered by this Prospectus, copies of the aforementioned agreements may be inspected at the head office of the Company during normal business hours. There are no other material facts. FOXDALE MINES LIMITED (Incorporated under the lau s of the Province of Ontario)

BALANCE SHEET AS AT JANUARY 7, 1972

ASSETS Mining Claims 20 contiguous, unpatented claims in the Township of Strathcona, Province of Ontario, acquired for 750,000 shares of the company©s capital stock valued at 575,000 Deferred Expenditures Incorporation and organization (including cost of security issue) S 5,085 Engineer©s report and claims transfer _ 855 ,5,940 580,940

CAPITAL STOCK Authorized 3,000,000 Common shares, no par value, not to be issued for a consideration exceeding S3,000,000 Issued as Fully Paid (note l) 750,000 shares for mining claims 575,000 59,400 shares for deferred expenditures _5,940 809,400 S80,940

Approved on behalf of the Board of Directors "MILTON KLYMAN". Director "IRVING DOBBS", Director

AUDITORS' REPORT We have examined the Balance Sheet of Foxdale Mines Limited as at January 7, 1972, and have received all the information and explanations which we required. The accompanying balance sheet is, in our opinion, drawn up in accordance with generally accepted accounting principles so as to present fairly the financial position of the company as at January 7, 1972, according to the best of our information, the explanations given to us and as shown by the books of the company. Toronto, Canada, STERN, LASS, SHOOM A CO., February 8, 1972. Chartered Accountants. FOXDALE MINES LIMITED

NOTE TO BALANCE SHEET AS AT JANUARY 7, 1972

Note 1: By agreement dated January 7, 1972, as amended on February 8, 1972, the company agreed to sell 300,000 shares of its capital stock for 530,000 ((a lOtf per share) payable forthwith on acceptance for filing the company©s prospectus by the Ontario Securities Commission (hereinafter referred to as "effective date") and in addition granted options on 115,000 shares as follows: 100,000 shares (a 1 50 per share payable within 3 months of "effective date" 15,000 shares (a 30tf per share payable within 6 months of "effective date". The foregoing constitutes full, true and plain disclosure of all material facts relating to the securities offered by this Prospectus as required by Part VII of The Securities Act, R.S.O. 1970 c. 426, as amended and the regulations thereunder.

DATED this 8th day of February. 1972.

MILTON KLYMAN LAWRENCE MURPHY Chief Executive Officer and Director Chief Financial Officer

THOMAS WALTER DENT IRVING DOBBS Director Director

PROMOTER

M. GREENE A ASSOCIATES LIMITED

Per: M. KLYMAN

To the best of our knowledge, information and belief, the foregoing constitutes full, true and plain disclosure of all material facts relating to the securities offered by this Prospectus as required by Part VII of The Securities Act, R.S.O. 1970, c. 426, as amended, and the regulations thereunder.

Underwriter/Optionee

M. GREENE A ASSOCIATES LIMITED

Per: M. KLYMAN 31M04SW0048 63.2933 STRATHCONA 020

REPORT

FOXDALE MIMES LIMITED

STRATHCONA TOWNSHIP

DISTRICT OP NIPISSING, ONTARIO

Toronto, Ontario Respectfully Submitted February 8, 1972 T. Beetle, P. Eng. 31M04SW0048 63.2933 STRATHCONA 020C INDEX

Page l SUMMARY

INTRODUCTION

PROPERTY

LOCATION AND ACCESS

GEOLOGY

MINERALIZATION

CONCLUSIONS

RECOMMENDATIONS

ESTIMATED COST OF PROGRAM

REFERENCES

CERTIFICATE SUMMARY

The area around the northeast arm of Lake Temagami has attracted the interest of prospectors for many years. In the early nineteen hundreds gold and silver were actively searched for but with the finding of sulphide mineralization the search turned to copper and nickel. Numerous occurrences of sulphides are found in Strathcona township, from Caribou

Lake in the north to Herridge Lake in the south, a distance of 5 miles.

Disseminated mineralization has also been outlined along the south shore of the Northeast arm of Lake Temagami.

These sulphide occurences are found mainly in acid and intermediate volcanics of Keewatin age which have been intruded by a granitic complex from the south west, the Iceland Lake Intrusive. The property consists of a group of 20 unpatented contiguous claims in the north central part of

Strathcona Township astride the contact of the granite complex and the volcanics. No reports of previous exploration work on these claims is available to the writer but some work is indicated by test pits on the ground.

Preliminary Geological Map P. 596 indicates pyrite and chalcopyrite just to

* the south of Jessie Lake. As the mineralization occurs as disseminated

suephides it is amenable to delineation using induced potential geophysical methods. It is proposed to cover the claims with north-south picket lines at intervals of 400 feet and conduct an I. P. survey outwards from the known

sulphide showing.

The next phase of the program would include diamond drilling of I. P. anomalies and geological mapping . The claims are readily accessible from the town of Timagami which is two miles to the north. Highway

No. 11 passes through the center of the property, the natural gas pipe line and Ferguson Highway cross tin; eastern side of the group.

INTRODUCTION

Exploration in Strathcona Township has uncovered a number of sulphide bodies, namely the Diadem, Firby and Milestone prospects while in

Strathy Township to the north the Cuniptau, Maralgo and Mayfair properties have sizeable sulphide zones. Numerous small showings of disseminated t pyrite and chalcopyrite have been located in the volcanic rocks of Strathcona township. The Iceland Lake Intrusive which invades the volcanics from the southwest has created a favourable geological environment for the formation of mineral deposits as indicated by the numerous sulphide outcrops found around the granitic-volcanic contact.

PROPERTY

The claim group consists of 20 contiguous unpatented claims straddling the granitic-volcanic contact in the north central part of Strathcona township.

The claims are in good standing until May 4th, 1972 and consist of:

Claim No. Number of claims

291316 to 291335 inclusive 20 .

The claims are owned by:

Foxdale Mines Limited

401 Bay Street

Suite 2510

Toronto, Ontario

There are provisions excluding roads; i. e. Highway No. 11 and the Ferguson and subject to the natural gas pipeline right of way, all of which cross

the property from North to South.

LOCATION AND ACCESS

The claim group is in the north central part of Strathcona township, District

of Nipissing. It straddles Highway 11 roughly 2 miles south of the Town of

Timagami. The Ferguson Highway crosses the eastern portion of the group.

The northern part of the claim group is accessible by means of Jessie Lake which

touches Highway 11.

GEOLOGY

The northern half of Strathcona Township is occupied by Keewatin Volcanics

of varied composition which surround the Northeast arm of Lake Timagami.

Structural evidence indicates a trough structure in the volcanics in this area

on the strike of the Northeast Arm, and a fault is believed to extend along the

Northeast Arm, accounting for its existence .

The northern half of the claim group is underlain by acid volcanics with minor

bands of more intermediate volcanics and diorite sills. The southern half

of the claims is underlain by volcanics of intermediate composition. Both of

these volcanic piles are composed of varied members, flows, sills, tuffs and

some sediments all of which have been metamorphosed by regional metamorphism

and also the intrusion of the Iceland Lake Complex which occupies the western

third of the claim group. The Iceland Lake intrusive varies in composition from

-diorite to quartz monzonite and the quartz porphyry dikes which intrude the

volcanic formations are believed to be related to it. A quartz porphyry phase of 4 the intrusive reaches across the north western portion of the claims almost to

le western end of Jessie Lake.

MINERALIZATION

A showing of pyrite is exposed on claim No. 291334 off the nose of the quartz porphyry intrusive mentioned above. It is in ryholite on the north shore of the small lake. Map P596, Preliminary Geological Map O. D. M., indicates a showing of pyrite and chalcopyrite along the No. 11 Highway about one mile south of Jessie Lake. t

About one half mile northwest of Jessie Lake on claims TRT 6979 and T 47114 there are considerable concentrations of disseminated sulphides on the

Diadem and Milestone properties. The sulphides on these properties are found in a diorite sill. On the Diadem prospect a mineralized zone 700 feet long and 15 feet wide has been outlined having a grade of 0. 5^o Cu and 0. 17o Ni.

CONCLUSIONS

There are a number of indications of sulphides on this 20 claim group occurring in a favourable geological environment. Considerable quantities of disseminated pyrite carrying chalcopyrite have been outlined immediately to the north of this claim group, in Strathcona township.and other similar deposits are found in

Strathy township to the north. The possibility exists that mineable deposits of copper sulphides exist on this group of claims. Since disseminated sulphides respond to induced potential geophysical methods it is proposed to conduct an L P.

Survey over the known outcrops of sulphides and extend the survey out from these to cover what is considered the most favourable ground. The second phase of the program would include diamond drilling of I.P. anomalies and geological mapping of the claims. RECOMMENDATIONS With regard to claim group Ho. 291316 to 291335 inclusive of Foxdale Mines Limited in Strathcona Township, it is recommended that the claims be covered with a grid of north-south picket lines spaced 400 feet apart. An I.P. geophysical survey should be run on these picket lines to cover all the area known to contain sulphide mineralization and then continue the survey outwards to cover all * favourable ground. At the conclusion of the I.P. Survey the anomalies obtained should be drilled if of sufficient importance and the claims mapped geologically.

ESTIMATED COST OF PROGRAM Line Cutting at 400 foot spacing Estimated 22 miles @ $95/mile $2090 I.P. Survey - 10 miles @ $400 per milo $4000 Supervision $1500 Transportation and field expense $ 800 Contingency . iSlOOO Total Phase I $9390

Geological mapping $3500 Diamond drilling 3000 feet at $10/ft. $30000 Supervision sampling, core boxes $2000 Travelling and field expense $1000 Contingency ^4000 Total Phase 2 $40500

Total Cost Phase l S 2 $49890 REFERENCES

O. D. M. Vol. LI Part VI 1942

The Northeastern Portion of Timagami Lake Area

Mineral Resources Circular No. 2

Mineral Resources Circular No, 12

Preliminary Geological Map No. P59&

Claim Map P. 595, Strathcona Twp. ^ CERTIFICATE

I, Tom Heale of the City of Toronto in the Province of Ontario, hereby certify:

1. That I am a consulting engineer with offices at 185 Bay Street, Suite 209, Toronto, Ontario.

2. That I ara a graduate in Geology from Queen©s University (1946) Kingston, Ontario, and have practiced my profession continuously t since my graduation.

3. That I am a Registered Professional Engineer of the Province of Ontario.

4. That I have no direct or indirect interest, nor do I expect to receive any direct or indirect interest in the property described herein. I do not own beneficially, directly or indirectly any shares in Foxdale nines Limited, nor any shares in any affiliate of that Company.

5. That my report on the Strathcona Township property of Foxdale Mines Limited is based on Ontario Department of Mines reports and maps and data received from L. Savard, prospector.

DATED at Toronto this 8th day of February, 1972.

T. Heale, P. Eng. Association of Professional Engineers of Ontario. 3.M v/ //*/ LEGEND -^*v fT] QUART* DIABASE

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STRATHCONA TOWNSHIP

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