NTS 65 I/04 to I/06 and J/01

TECHNICAL REPORT ON THE GOLD AND BASE METAL POTENTIAL OF THE SY PROPERTY, ,

Completed By: APEX Geoscience Ltd. Suite 200, 9797-45 Avenue Edmonton, Alberta, Canada T6E 5V8

Completed For: Corsa Capital Ltd. Suite 1440, 625 Howe Street Vancouver, BC V6C 2T6

December 4th, 2007 M.B. Dufresne, M.Sc., P.Geol. TECHNICAL REPORT ON THE GOLD AND BASE METAL POTENTIAL OF THE SY PROPERTY, NUNAVUT, CANADA

TABLE OF CONTENTS

PAGE

SUMMARY...... 1

INTRODUCTION AND TERMS OF REFERENCE...... 3

RELIANCE ON OTHER EXPERTS...... 3

PROPERTY LOCATION AND DESCRIPTION ...... 4

ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY...... 8

HISTORY ...... 8

GEOLOGICAL SETTING ...... 15

Regional Geology ...... 15

Property Geology ...... 16

DEPOSIT TYPES...... …………………………………………………………………22

MINERALIZATION ...... 24

2007 EXPLORATION...... 35

Prospecting and Sampling...... 39

Evaluation of the 2006 Airborne Geophysical Survey...... 43

DRILLING...... 44

SAMPLING METHOD AND APPROACH...... 45

SAMPLING PREPARATION, ANALYSES AND SECURITY...... 45

DATA VERIFICATION...... 46

ADJACENT PROPERTIES ...... 46

ii MINERAL PROCESSING AND METALLURGICAL TESTING...... 47

MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES ...... 47

OTHER RELEVANT DATA AND INFORMATION...... 47

INTERPRETATION AND CONCLUSIONS ...... 47

RECOMMENDATIONS ...... 49

REFERENCES...... 51

CERTIFICATION...... 53

TABLES

TABLE . PAGE

1 MINERAL CLAIM INFORMATION...... 7

2 SELECT 2007 GEOCHEMICAL RESULTS...... 43

3 EXPLORATION BUDGET FOR PHASE 1 AND 2 PROGRAMS ...... 49

FIGURES

FIGURE PAGE

1 PROPERTY LOCATION...... 5

2 CLAIM LOCATIONS...... 6

3 HISTORIC ROCK SAMPLES ...... 11

4 HISTORIC FROST BOIL SAMPLES ...... ……….12

5 HISTORIC DRILL HOLE LOCATIONS...... 13

6 REGIONAL GEOLOGY ...... ……….17

7 LOCATIONS OF HISTORIC GRIDS AND SHOWINGS ...... ……….25

iii 8 SAMPLE LOCATIONS 2007 ...... ……….36

9 TOTAL FIELD MAGNETICS...... ……….37

10 ELECTROMAGNETIC ANOMALIES ON MAGNETICS ...... ……….38

11 SUMMARY 2007 GOLD RESULTS...... ……….40

12 SUMMARY 2007 COPPER RESULTS...... ……….41

13 SUMMARY 2007 ZINC RESULTS ...... 42

APPENDICES

APPENDIX PAGE

1 2007 SAMPLE DESCRIPTIONS AND ASSAY RESULTS ...... AT END

iv SUMMARY

Corsa Capital Ltd. (Corsa) retained the services of APEX Geoscience Ltd. (APEX) as an independent consultant during summer 2007 to review all available geological, geophysical and geochemical data for the Sy Property in order to prepare an independent evaluation of the gold and base metal potential of the property. This was followed by APEX performing a property visit and reconnaissance exploration program from August 29th to September 7th, 2007. The results of the evaluation and field exploration are reported herein as an independent Technical Report for the Sy Property consistent with the requirements as listed in National Instrument 43-101.

The Sy Property is located in the of Nunavut. It is situated approximately 870 km east from Yellowknife, and 300 km southwest from Rankin Inlet, Nunavut. The property comprises 44 mineral claims totalling 45,984.4 ha within the Yathkyed Greenstone Belt. Corsa has the right to earn up to a 60% interest in all minerals, with the exception of diamonds, for the Sy Property. The Sy Property is considered an intermediate stage exploration project. There is no known precious or base metal mineral resource as defined by “CIM Definition Standards on Mineral Resources and Ore Reserves” dated November 14th, 2004.

The geology of the Sy project area within the Greenstone Belt is similar to other gold-bearing greenstones in the Kivalliq Region of Nunavut, including the Woodburn Lake Belt, which hosts the Meadowbank Gold Deposits and the Rankin Inlet Belt which hosts the Meliadine Gold Deposits. Each of these belts contains abundant gold-bearing banded-iron-formation host rocks which have undergone significant shearing and deformation. Although more than 40 gold occurrences have been identified on the Sy Property, the Sy iron formation and Greenstone Belt have seen only minor exploration compared to these other adjacent and comparable belts.

Limited historical exploration by Aberford Resources Ltd. and Homestake Ltd. (Homestake) during the mid 1980’s in this poorly exposed Archean greenstone belt resulted in the discovery of at least 20 individual high grade gold occurrences over a strike length of approximately 30 km. Known gold mineralization is hosted in sheared and altered iron formation. Approximately 3,000 m of diamond drilling was conducted by Homestake in 1986 and 1987, which confirmed gold mineralization in iron formation at depth but failed to yield what would be considered potentially economic grades over mineable widths at that time. Historical surface samples from outcrops of iron formation on the “SY-13 Grid” yielded assays as high as 38.8 grams per tonne gold (g/t Au). The historical 1986 and 1987 drilling yielded intercepts of up to 3.38 g/t Au over 3.5 m and 3.18 g/t Au over 7.0 m. Most if not all of the historic drilling was conducted beneath or in close proximity to known surface gold showings.

Bedrock outcrop exposure of potential host rocks for gold and base metals is extremely poor on the property and in the surrounding area. Based upon publicly available assessment reports and government geological reports there is no evidence of 2 any historic airborne geophysical surveys conducted along the belt and there appears to have been no significant exploration since 1987. Only a small portion of the belt has been evaluated for gold and base metals, due in large part to poor outcrop exposure.

During late 2006, Kaminak engaged Fugro Airborne Surveys (Fugro) to conduct a DIGHEM V helicopter-borne magnetic and electromagnetic (EM) survey over a large portion of the Sy Property. The 1,178.3 line-kilometer survey yielded 690 EM anomalies that Fugro attributed to probable bedrock conductors, most of which were thought to be due to thin sources that are typical of massive sulphide responses. Many of the EM anomalies occur within or adjacent to magnetic units, likely iron formations, or in close proximity to their contacts, and are likely due to increases in amount of conductive sulphides. Fugro considered many of the EM anomalies in the survey area indicative of well-defined, moderate to strongly conductive bedrock zones that warrant follow-up exploration.

A brief field based exploration program was conducted over 10 days beginning August 29, 2007. A total of 102 rock grab samples were collected and assayed for gold and trace metals. A total of 13 samples yielded gold values greater that 1 g/t Au with five samples yielding greater then 5 g/t Au up to a high of 8.88 g/t Au. The purpose of the 2007 exploration program was to: (1) determine the effectiveness of the 2006 airborne survey in locating sulphide zones with gold and base metal potential; (2) confirm the location and presence of the historic gold showings; and (3) to assess the overall economic gold and base metal potential of the Sy Property.

The 2007 exploration program was successful in identifying and confirming the location and tenor of historic gold occurrences on the Sy Property. In addition, despite poor bedrock exposure, directed prospecting of EM anomalies and interpreted conductors during the 2007 program led to the discovery of sulphide zones associated with iron formations and metavolcanics. Sampling of some of these sulphide zones in iron formation and metavolcanics has led to the discovery of new gold and base metal showings and demonstrates the usefulness of directed field work based upon the airborne geophysics in order to unlock the potential for metal discoveries in the belt.

Based upon historical gold results, the targets generated by the 2006 airborne geophysical survey, and the 2007 exploration program, the Sy Property warrants additional exploration to determine the potential of the property to host economic gold and/or base metal deposits. A future exploration program should include detailed geological mapping, surface prospecting, rock and soil or frost boil geochemical sampling, along with ground magnetic and EM surveys. The goal of the Phase 1 program is to generate new drill targets to go along with the existing known drill targets. The estimated cost to conduct the Phase 1 program is $350,000 CDN. It is likely that a Phase 2 program with a certain amount of diamond drilling will be required to test some of the historic gold showings as well as new targets generated by the Phase 1 program. The recommended Phase 2 program and associated estimated cost will be contingent on the results from Phase 1. 3

INTRODUCTION AND TERMS OF REFERENCE

Corsa Capital Ltd. (Corsa) retained the services of APEX Geoscience Ltd. (APEX) as an independent consultant during summer 2007 to review all available geological, geophysical and geochemical data for the Sy Property in order to prepare an independent evaluation of the gold and base metal potential of the property. This was followed by APEX performing a 10 day property visit and reconnaissance exploration program from August 29th to September 7th, 2007. The results of the evaluation and field exploration are reported herein as an independent Technical Report for the Sy Property consistent with the requirements as listed in National Instrument 43-101 for the Canadian Securities Administration. This Technical Report summarizes the available historic geological, geophysical, and geochemical information for the Sy Property along with the results of the 2007 exploration program conducted by AEPX.

The purpose of the 2007 exploration program was to: (1) determine the effectiveness of the 2006 airborne survey in locating existing sulphide zones with gold and base metal potential; (2) confirm the location and presence of the historic gold showings; and (3) to assess the overall economic gold and base metal potential of the Sy Property. The field portion of the exploration program was conducted over 10 days beginning August 29, 2007. A total of 102 rock grab samples were collected and assayed for gold and trace metals. During the field program Mr. Michael Dufresne, M.Sc., P.Geol., a principal of APEX, and an independent and Qualified Person as defined in National Instrument 43-101 conducted a personal inspection of the Sy Property. The Sy Property is considered an intermediate stage exploration project. There is no known precious or base metal mineral resource as defined by “CIM Definition Standards on Mineral Resources and Ore Reserves” dated November 14th, 2004.

RELIANCE ON OTHER EXPERTS

The Technical Report written by Mr. Michael Dufresne, M.Sc., P.Geol., a principal of APEX and an independent and Qualified Person as defined in National Instrument 43-101, is a compilation of proprietary and publicly available information. The author, in writing this report, used sources of information as listed in the references section. Government reports were prepared by qualified persons holding post secondary geology, or related university degree(s), and are therefore deemed to be accurate. For those reports, which were written by others, whom are not qualified persons, the author must rely upon the professional measures used by the employees of the companies who completed the work. The information in those reports is therefore assumed to be accurate, based on the data review and field inspections conducted by Mr. Dufresne. Based upon the data review and field inspections, the author has no reason to doubt the validity and relative accuracy of the past exploration results. 4

PROPERTY LOCATION AND DESCRIPTION

On July 18, 2007 Corsa Capital Ltd. (Corsa) entered into an option agreement with Kaminak Gold Corporation (Kaminak) with respect to the 45,984.4 hectare (113,630 acres) Sy Property (Figure 1). Corsa has the right to initially earn a 51% non- diamond project (includes all minerals other than diamonds) interest by making exploration expenditures totalling $1.0 million CDN and staged share payments totalling 300,000 units to Kaminak by December 31, 2010 (Kaminak, 2007). Corsa has the right to increase its project interest to 60% by spending an additional $1.0 million CDN and issuing Kaminak an additional 100,000 share units prior to December 31, 2011. The option agreement calls for a minimum exploration expenditure during year 1 (December 31, 2007) of $100,000 CDN, which has been accomplished with the August - September exploration program performed by APEX Geoscience Ltd. (APEX). The Hunter Exploration Group (HEG) retains a 2% Net Smelter Royalty/Gross Overriding Royalty (NSR/GOR) on the Sy Property. The option agreement is subject to regulatory approval from the TSX Venture Exchange (Kaminak, 2007).

The Sy Property is located in the Kivalliq District of Nunavut (Figure 1). It is situated approximately 870 kilometres east from Yellowknife, Northwest Territories and 300 kilometres southwest from Rankin Inlet, Nunavut (Figure 1). The property comprises 44 mineral claims totalling 45,984.4 hectare (113,630 acres). The block of claims is centred approximately on coordinates 6910000 north and 570000 east of zone 14 of the Universal Transverse Mercator Grid (North American Datum 1983) and within National Topographic System (NTS) Map areas 65J/1, 65I/4, 65I/5 and 65I/6 (Figure 2).

The 2007 compilation and exploration work that is the subject of this report was conducted on all 44 mineral claims which comprise the Sy Property. Five of the claims were staked by Mr. Dufresne during the 2007 field exploration program and are currently pending approval (YK-01 to YK-05). The other 39 mineral claims were staked by Mr. Adam Vary on behalf of the HEG and are held on behalf of Kaminak by an underlying agreement between Kaminak and the HEG. A full description of the minerals claims which are the subject of this report are presented in Table 1.

Mineral tenure guidelines for the Northwest Territories require expenditures of $2/acre/year dictating annual requirements for the Sy property of $227,260 CDN. After 10 years of meeting annual expenditure requirements a claim can be legally surveyed and brought to lease meaning the owners have no further annual exploration commitments merely a $0.10/acre annual rental fee.

There are no known mineral reserves or resources on the Sy Property; it remains an intermediate stage exploration property. At present the author does not know of any environmental liabilities associated with the property.

The Sy mineral claims are not situated on any Owned Land (IOL) parcels and therefore exploration work on them is not subject to approval by local Inuit Associations. Conducting exploration on the Sy mineral claims requires permission ± $ $

Baker Lake$

$Chesterfield Rankin Inlet Inlet $ ^_ $ SY Property

$Arviat

Legend

National Parks

Rivers

Lakes

$ To wns ^_ SY Property

CORSA Capital Ltd.

NUNAVUT TERRITORY Property Location

0 50 100 150 200 250 300 Kilometers

APEX Geoscience Ltd.

Edmonton, Alberta October 2007 Figure 1 560000 580000 ± 6920000 6920000 F87136 F87137 F72959F72961 HK 36 HK 37 F72957 YK-03 YK-05 YK-01

F72960 YK-04 F87124 F87129F87130 F87135 F87138 F72958 HK 24 HK 29 HK 30 HK 35 HK 38 YK-02

F87139 F87118 F87119F87123F87125 F87128 F87131F87134 HK 18 HK 19 HK 23 HK 25 HK 28 HK 31 HK 34 HK 39

F87132F87133 F87105 F87111 F87112 F87117 F87120 F87122F87126 F87127 HK5 HK 11 HK 12 HK 17 HK 20 HK 22 HK 26 HK 27 HK 32 HK 33

F87101F87104 F87106 F87110 F87113 F87116 F87121

6900000 HK 1 HK 4 HK 6 HK 10 HK 13 HK 16 HK 21 6900000

F87115 HK 15 F87102F87103 F87107F87109 F87114 HK 2 HK 3 HK 7 HK 9 HK 14

F87108 HK 8

560000 580000

Legend Water Bodies CORSA Capital Ltd. Micheal Dufresne on Behalf of CORSA Capital Ltd. NUNAVUT TERRITORY Expiry Date: 2009-09-06 Claim Locations Adam Vary on Behalf of Kaminak Gold Corp. 0246810 Expiry Date: 2008-09-01 Kilometers Expiry Date: 2009-09-01 APEX Geoscience Ltd.

Edmonton, Alberta October 2007 Figure 2 7

TABLE 1. MINERAL CLAIM INFORMATION

Tag No. Claim Name Owner Staking Date Anniversary Date Area (ha) F87101 HK-1 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87102 HK-2 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87103 HK-3 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87104 HK-4 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87105 HK-5 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87106 HK-6 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87107 HK-7 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87108 HK-8 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87109 HK-9 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87110 HK-10 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87111 HK-11 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87112 HK-12 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87113 HK-13 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87114 HK-14 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87115 HK-15 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87116 HK-16 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87117 HK-17 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87118 HK-18 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87119 HK-19 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87120 HK-20 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87121 HK-21 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87122 HK-22 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87123 HK-23 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87124 HK-24 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87125 HK-25 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87126 HK-26 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87127 HK-27 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87128 HK-28 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87129 HK-29 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87130 HK-30 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87131 HK-31 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87132 HK-32 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87133 HK-33 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87134 HK-34 A.Vary Sept 1, 2006 Sept-1-2009 1,045.10 F87135 HK-35 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87136 HK-36 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87137 HK-37 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87138 HK-38 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F87139 HK-39 A.Vary Sept 1, 2006 Sept-1-2008 1,045.10 F72957 YK-01 M.Dufresne Sept 6, 2007 Sept-6-2009 1,045.10 F72958 YK-02 M.Dufresne Sept 6, 2007 Sept-6-2009 1,045.10 F72959 YK-03 M.Dufresne Sept 6, 2007 Sept-6-2009 1,045.10 F72960 YK-04 M.Dufresne Sept 6, 2007 Sept-6-2009 1,045.10 F72961 YK-05 M.Dufresne Sept 6, 2007 Sept-6-2009 1,045.10 44 Claims TOTAL 45,984.4 ha 8 from Indian and Northern Affairs Canada (INAC) who supervise Federal Lands as well as environmental review from the Nunavut Impact Review Board (NIRB). If a camp is established or drilling is to be conducted on the Sy mineral claims, a permit for water use will have to be obtained from the Nunavut Water Board (NWB).

ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY

The Sy property is isolated with no local infrastructure, nor resources. Access to the property is via float or wheel/ski equipped light aircraft from Rankin Inlet or Arviat. The closest community with fixed wing charter flights to the property is the hamlets of Rankin Inlet and Arviat, Nunavut. Rankin Inlet has commercial flights to and from Yellowknife three to five times a week depending upon winter or summer schedules. Arviat has commercial flights to and from Winnipeg three times a week. Yellowknife is serviced daily by commercial airline flights to major centres in the south and hosts a well developed infrastructure of mineral exploration related companies including fixed wing and helicopter charter companies and expediters.

During spring 2007, Corsa commissioned the use of a hunting camp on the north shore of South which was the main base for operations during the 2007 exploration program. The camp is opened on an as needed basis and can serviced by Twin Otter aircraft or helicopter from Rankin Inlet or Arviat, Nunavut and Yellowknife, Northwest Territories.

The climate is sub-arctic with temperatures ranging from -40o C in the winter to +25o C during portions of July and August. Elevation of the property ranges from 150 metres above sea level (asl) to 250 metres asl. Locally maximum relief ranges from 30 metres to 75 metres but is more commonly less then 20 metres. The area is dotted with and swamps and lies north of the tree line so vegetation is limited. Glacial deposits in the area are extensive thus limiting rock exposure to less then a few percent of the area.

HISTORY

The earliest known exploration program was completed in the 1960s by Inco Limited (Inco). Inco completed regional airborne magnetics and electromagnetic (EM) geophysical surveys in and surrounding the current claim area. This lead to the discovery of the Ferguson Lake copper-nickel (Cu-Ni) resource, located only 60 km northeast of the property, which is now the largest base metal and platinum group element (PGE) project in Nunavut (Nicholson et al., 2007). The current Ferguson Lake property was explored and diamond drilled but the work completed was not filed for assessment credit, and because of this the results for any work conducted in the Sy project area are not known. During this time Noranda Aluminum Inc. (Noranda) conducted similar surveys near . 9

In 1967 a report was published by the Geological Survey of Canada of regional geological mapping completed by G. M. Wright. The report was published as Memoir 350, “Geology of the Southeastern Barren Grounds, Parts of the Districts of Mackenzie and Keewatin (Operations Keewatin, Baker, and Thelon)” (Wright, 1967).

In 1970 Angus G. MacKenzie Mining Consultants Ltd. was authorized by Columbian Northland Exploration Ltd. to complete a program that consisted of a field check of aeromagnetic anomalous areas, geological mapping and general prospecting (Mackenzie, 1970a,b). An air photo study of Imikula Lake area was completed to create a geological map of the area. The permit area was found to be located in an area that was structurally and lithologically favorable for pyrite, pyrrhotite and copper mineralization. Following this, a study of the aeromagnetic maps flown by the Canadian Government in 1967 was done. Five areas were found to be favorable for mineralization. Ground truthing was preformed and showings of pyrite, pyrrhotite and copper were confirmed. A ground magnetic survey was done with magnetometer readings taken at 152.4 metre intervals covering the areas. Two areas yielded very strong magnetic anomalies and two were found to yield weaker anomalies, all coinciding with the magnetic anomalies visible on the government aeromagnetic map. Three rock grab samples were taken from the anomalous areas and contained more than 50% magnetite. The results showed only weak concentrations of base metals. Some quartz veinlets from anomalous areas contained specks and streaks of chalcopyrite, galena and pyrrhotite. While exploring the area a radiometric survey was completed and no significant radioactivity was recorded.

In 1972 Angus G. MacKenzie Mining Consultants Ltd. completed a field check on magnetometer highs located in the previous season and a semi-detailed ground magnetometer survey over one of the principal anomalies (Mackenzie, 1972). A total of 13 samples were collected from an unknown trench length on a mineralized greenstone outcrop east of the main anomaly. Assays were run on the samples taken from the area trenched as representative samples of the mineralized material found in outcrop. Gold concentration were reported to be trace to 0.01 ounces per ton (oz/t), while copper was found at 0.01 to 0.04 percent (%) and nickel was reported as trace in all samples.

During 1981 Aberford Resources Ltd. (Aberford) conducted a six week reconnaissance program in the South Yathkyed and Angikuni Lakes area (Reid, 1984). The program included reconnaissance prospecting, mapping, and rock and frostboil sampling, resulting in the discovery of gold mineralization on the present Sy project area. A total of 20 rock chip and 25 frost boil samples were collected in their SY 1, SY 2 and SY 4 Claim areas. The best analysis was 3.36 grams per tonne (g/t) gold (Au) in rock chip samples and 0.61 g/t Au in frost boils on what became the SY-4 Grid area during later programs (Reid, 1984).

In 1983, Aberford completed a five day field program at their SY-4 and SY-13 zones (Reid, 1984). The program involved prospecting and sampling to the southwest of the reconnaissance area. A total of 120 rock samples were collected with values as high as 7.10 g/t Au, 7.89 g/t Ag and 2.4% Zn obtained from the SY-4 discovery zone. 10

In 1984, Aberford completed a two month field program on their SY-1 and SY-2 claims and their SY Prospecting Permit 1012 (Reid, 1984). The program consisted of extensive mapping, sampling, ground magnetic and VLF geophysical surveys, trenching and channel sampling of previously discovered iron formations and sulphide horizons. A total of 376 rock grab, 657 geochemical soil/frost boil and 115 paned concentrate samples were collected from numerous outcrops of sulphide rich iron formations and gossans. The program resulted in the discovery and delineation of the three significant gold showings: the MacArthur, Jaeger Lake and 078 Boil sulphide zones which yielded assays in rocks samples of up to 7.56, 6.90 and 7.68 g/t Au (Reid, 1984). The MacArthur and 078 Boil showings are part of the SY-4 discovery grid area and the Jaeger Lake zone is part of the SY-13 discovery grid area. Reid (1984) strongly recommended follow-up exploration at all three areas along with a number of reconnaissance targets. Summary maps of the historic results for gold obtained from rock samples and frost boil and/or soil samples are summarized on Figures 3 and 4, respectively.

In 1985, Aberford completed an extensive exploration program to evaluate the virtually unexplored portion of the Kaminak/Henik volcanic belt lying directly to the north and east of the original SY-4 and SY-3 discovery areas (Reid et al., 1986). The following was completed: 1:20,000 scale mapping and sampling of their YL-1 and YL-2 claim blocks and their Prospecting Permits 1047, 1048, 1049, 1050, 1051, limited trenching of sulphide horizons and sulphide rich boils, ground magnetic and VLF geophysical survey on their MP001 zone and mini-grid geophysical evaluation of three other areas. A total of 329 rock samples and 150 panned concentrates were collected during the season (Reid et al., 1986). As of the end of the season a total of seven mineralized areas or zones had been identified. A total of 37 rock grab samples yielded greater than 1 g/t Au with the MacArthur zone yielding a maximum assay of 15.30 g/t Au and the Jaeger Lake East zone yielding a maximum assay of 9.90 g/t Au (Reid, 1986). Pan concentrates samples yielded 24 samples with greater than 1 g/t Au up to a maximum of 13.70 g/t Au obtained from the Jaeger Lake East gold zone (Reid, 1986).

In the spring of 1986 Homestake Mineral Development Corp. (Homestake) optioned the SY property from Aberford (Mudry et al., 1986). Through a participation agreement with Northair Mines Ltd., a three and a half month exploration program was conducted on the SY-4, SY-13, KR-10, MP-001, WAD grids and surrounding areas. The program consisted of extensive grid work, including geological mapping, rock sampling, lithogeochemistry, geophysics, humus geochemistry and a diamond drill program. Rock sample and frost boil/soil sample highlights are presented on Figures 3 and 4. A total of 790 rock grab, 31 soil and 23 pan concentrate samples were collected. The Highest grab samples in each area were as follows: SY-4 yielded up to 9 g/t Au, SY-13 up to 38.8 g/t Au, KR-10 up to 14.6 g/t Au, MP-001 up to 5.3 g/t Au and WAD up to 10.7 g/t Au. From all sample locations, 66 grab samples yielded greater that 1 g/t Au. In total, 12 diamond drill holes were completed, with a total length of 1,213.8 m, to test the depth extent of auriferous banded iron formations discovered at surface. The locations of the 1986 drill holes are presented on Figure 5. The Jaeger Lake East zone yielded up to 3.38 g/t Au over 3.5 m core length in drill hole 86-1 and up to 3.18 g/t Au over 7.0 m core length in hole 86-11 (Mudry et al., 1986). The gold results obtained from the other 10 drill holes were considered disappointing. 556000 560000 564000 568000 572000 576000

Legend

Claims ± Waterbodies 6912000 6912000 !( All Historic Samples Historic Frostboil Samples AU (ppb) -2 - 100 6908000 6908000 100.01 - 500 500.01 - 1000 !(!( 1000.01 - 5000 5000.01 - 10000 10000.01 - 15000 6904000 6904000

!( 6900000 6900000

!(!(!( !(!(!( !( !( CORSA Capital Ltd. 6896000 6896000 NUNAVUT TERRITORY Historic Frostboil Samples

0246 Kilometers

556000 560000 564000 568000 572000 576000 APEX Geoscience Ltd.

Edmonton, Alberta October 2007 Figure 4 556000 560000 564000 568000 572000 576000 6912000 6912000 Legend ± ! SY 1986 Drillholes

! ! !( SY 1987 Drillholes Claims

6908000 6908000 Waterbodies

! 6904000 6904000

!( !( !( !(!(!( !( !( !( !(

!( 6900000 6900000 ! !( !( !( ! !(

!!

!(!( !! ! 6896000 6896000 CORSA Capital Ltd. NUNAVUT TERRITORY Historic Drill Hole Locations

0246 Kilometers

556000 560000 564000 568000 572000 576000 APEX Geoscience Ltd.

Edmonton, Alberta October 2007 Figure 5 549000 556000 563000 570000 577000 584000

Legend

Claims Waterbodies

± !( All Historic Samples 6919000 6919000 Historic Rock Samples AU (ppb) 0-100 100.01 - 500 500.01 - 1000 6912000 6912000 1000.01 - 5000 5000.01 - 10000 10000.01 - 200000

!(!( 6905000 6905000

!( 6898000 6898000

!(!(!( !( !( CORSA Capital Ltd.

NUNAVUT TERRITORY Historic Rock Samples 6891000 6891000 0246810 Kilometers

APEX Geoscience Ltd. 549000 556000 563000 570000 577000 584000 Edmonton, Alberta October 2007

Figure 3 14

During 1986, the Geological Survey of Canada (GSC) published paper 84-11, Pre- Cambrian Geology of the Tulemalu Lake-Yathkyed Lake Ares, District of Keewatin (Eade, 1986). The paper included a 1:250,000 geological map, which encompassed the entire current SY property.

In 1987, an exploration program was conducted through a participation agreement between Homestake and Equity Silver Mining Ltd. (Balog, 1987; Pacor, 1987). The program consisted of a 21 diamond drill hole program for a total of 2,099.4 m in three areas: the Jaeger East Zone, the WAD Discovery Zone and the WAD West Zone. Drill core samples were analyzed for gold, silver and arsenic. Drilling at the Jaegar East Zone yielded grades of up to 3.53 g/t Au over 6.20 m core length including a higher grade portion of 5.67 g/t Au over 3.0 m (Pacor, 1987). The grades obtained from most of the drill holes was considered disappointing and non-economic. The Wad Discovery Zone returned anomalous gold values over narrow widths, with the highest grade being 1.68 g/t Au over 3.25 m core length. The Wad West Zone samples all ran less than 2.0 g/t Au (Pacor, 1987).

The 1987 exploration also involved regional geological mapping and a surface reconnaissance sampling program (Balog, 1987). A total of 340 rock grab, soil and frost boil samples were collected. Gold values obtained from the surface sampling ranged up to 7.95 g/t Au with anything over 0.14 g/t considered anomalous. A total of 35 samples yielded anomalous gold values. The amount of silver in samples ranged from 0.69 to 274.3 g/t Ag with anything over 1.37 g/t considered anomalous. A total of 47 samples were found to be anomalous for silver. Arsenic (As) values ranged from 2.0 to 1000.0 parts per million (ppm) As and any samples over 150 ppm were considered to be anomalous. A total of 36 samples yielded As values greater than 150 ppm. Some of the anomalous samples were checked for copper (Cu), lead (Pb) and zinc (Zn). Values up to 1.0% Cu, 10.0% Pb and 5.20% Zn were obtained from some of the rock samples (Balog, 1987).

In 1991 Dr. Al Miller of the GSC discovered three red-bed copper occurrences on the property. They consisted of arkosic sandstone hosting copper between the uppermost Kazan and the lowermost Christopher Island formations, a thickness of 15 metres.

In 1992, Leeward Capital Corporation, in conjunction with Skeena Resources Ltd. and Connecticut Development Corp., developed the concept of diamond exploration 135 kilometres northwest of the current property in the area (Aussant and Davis, 1993a,b; 1994). From this exploration a lamproitic diatreme pipe was discovered. During the late spring 1993, it was drill tested for diamonds. No micro-diamonds were recovered but mantle derived indicator minerals were found which may indicate that the region could host diamond deposits. 15

GEOLOGICAL SETTING

Regional Geology

The rocks in the area of Yathkyed Lake are part of the west-central portion of the Churchill Structural Province of the . The oldest rocks consist of the Archean greenstone belt of the Kaminak sub-province, which extends for approximately 700 km from the Northwest Territories - Saskatchewan border to Hudson Bay. The greenstone belt is composed of the metasediments and metavolcanics of the Henik Group and the amphibolites, gneisses and migmatites derived from them. Intruding into the Henik Group rocks are late Archean gabbros, hornblende dykes and granitoids. Unconformably overlying the Henik Group rocks and associated intrusives are the early Proterozoic (Aphebian) Tulemalu diabase dykes and the arkoses, phyllites and quartzites of the Hurwitz Group. Atop the Hurwitz group rocks are trachyitic volcanics, volcaniclastics, sediments and syenitic dykes of the early to middle Proterozoic (late Aphebian to early Helikian) Dubawnt Group (Eade, 1986 and Mudry et al.1986).

Major faulting in the area is divided into four general directions: northeast, east northwest and north. The northeast trending faults encompass the Tulemalu Fault system, which is a major regional break that can be traced from the northern Saskatchewan border to and parallels the Snowbird Tectonic Zone, a major crustal break. In the Tyulemalu Lake area, a subsidiary parallel fault to the west changes direction and joins the Tulemalu fault, forming a grabben structure. A second major zone of northeast faulting runs from the southwest Kogmak River area to the northeast into the Ferguson Lake area, forming another grabben structure, which preserves the overlying Hurwitz Group rocks. These faults also form the south-eastern boundary of the Henik Group and late Archean intrusives. The northeast trending faults are thought to be middle to late Archean, preceding late Archean metamorphism, and potential reactivation may have occurred in the late Aphebian. Regionally the east trending faults are the most dominant. These faults dip near vertical or steeply to the south and where evidenced, the south side of the faults tend to be down, indicating normal faulting. The east trending faults are thought to be late Archean to early Aphebian. The northwest trending faults are near vertical, with some evidence of southwest side down and right lateral movement, but are not laterally continuous for very far. Northwest of Yathkyed Lake the northeast faults again are laterally discontinuous but, in this area they have a prominent left lateral movement and displace the Dubawnt Group from the bedrock. Both sets of the northeast faults appear to be conjugate faults with the east trending faults. The north trending faults are not frequent, are laterally discontinuous and occur mainly northeast of Yathkyed Lake. The dominant movement is west side down, but on the east of Yathkyed Lake, an opposite movement has been documented (Eade, 1986).

Regional folding in Archean rocks predominately trends and plunges in a northeast direction, but minor asymmetrical or closed cross folding occurs in a north to northwest direction. Within the Henik Group rocks, primary structures such as tops of beds, graded bedding and pillow tops can rarely be determined and therefore synform 16 and antiforms can only be discerned. In the Kognak River area and extending to the south, a north-northeast trending, north plunging anticline shows similar folding in the Aphebian Hurwitz Group rocks as the Archean rocks below. The late Aphebian to early Helikian Dubawnt Group rocks are flat lying and show no major fold deformation (Eade, 1986 and Mudry et al.1986).

All rocks in the Yathkyed Lake area have undergone Archean deformation and metamorphism from upper greenschist to lower amphibolite facies (Mudry et al.1986).

Property Geology

The following brief description of the lithologies encountered on the Sy property is taken from Eade (1986). A property scale geological map is provided as Figure 6 and is modified after the mapping of Eade (1986). For detailed descriptions of the rock types subdivided into 24 mappable geological units based on mineralogy and textural classification the reader is referred to Mudry et al. (1986).

. The Sy property rock types can be divided into three general classifications: Archean, Aphebian and Helikian rocks, with the Archean aged rocks subdivided into the Henik Group rocks and post Henik Plutonics.

Henik Group

The Henik Group rocks are composed of the metamorphosed volcanics, volcaniclastics and sediments of a northeast striking, supracrustal greenstone belt, which underlies 70% of the Sy property.

Mafic Volcanic/Plutonic Rocks

A major band of volcanic rocks extends southwest from east of the Tyrell arm of Yathkyed lake, through the Sy property and continues on to the kognak River and Watterson Lake areas, where it then turns northward to Angikuni Lake. The unit is largely composed of basaltic to andesitic lavas and pyroclastics, rare dacitic to rhyolitic compositions have been documented.

Basaltic lava flows are one of the most abundant rock types on the Sy property. The lavas are dominantly thick massive flows but, locally pillow structures, scoriacious flow tops and flow breccias have been noted. Quartz or calcite amygdules and rare vesicles are also known to occur. The lavas are generally fine-grained, dark green on weathered surfaces and light green to grey on fresh surfaces, and have a noticeable schistosity. 500000 520000 540000 560000 580000 600000 620000 640000

7000000 ± Ferguson Lake 7000000 Nickle-Copper Deposit 6980000 6980000 6960000 6960000 6940000 6940000 6920000 6920000

SY Project Claims 6900000 6900000 6880000 6880000 6860000 6860000

500000 520000 540000 560000 580000 600000 620000 640000

Legend Geology Claims Unit, Age_Rock Type All Other Claims CORSA Capital Ltd. Agn, Archean_metamorphic rocks Adam Vary on Behalf of Kaminak Gold Corp. NUNAVUT TERRITORY Agr, Archean_intrusive rocks Michael Dufresne on behalf of CORSA Capital Ltd. As, Archean_sedimentary rocks Inuit Owned Lands Regional Geology Av, Archean_volcanic rocks RIGHTS PPgr, Paleoproterozoic_intrusive rocks Inuit Owned Surface Lands 0 5 10 15 20 25 30 35 40 45 Kilometers PPs, Paleoproterozoic_sedimentary rocks Inuit Owned Surface and Subsurface Lands PPv, Paleoproterozoic_volcanic rocks Rivers APEX Geoscience Ltd. Lakes Edmonton, Alberta October 2007

Figure 6 18

The pyroclastics range from coarse agglomerates to fine tuffs. The agglomerates are dominantly composed of a dark green basaltic to andesitic matrix with lighter coloured clasts of andesite, dacite or rhyolite averaging in size at about 12 centimetre in diameter. Tuffs are fine to medium grained, grey to green on weathered surfaces and dark grey to green on fresh surfaces. The tuffs are massive to bedded clastics, which generally occur with the agglomerates, but are also found as lenses within lavas. Clasts are subround to subangular and composed largely of altered plagioclase, rock fragments and quartz in a mass of secondary chlorite, epidote, zoisite and carbonate.

These carbonate and chlorite altered volcanics are thought to be equivalents to the metamorphosed wackes and host auriferous iron form formations on the Sy property. Magnetite in these units is useful for identification by airborne and ground magnetic surveys.

Mafic dykes on the property occur in older sedimentary rocks and are part of the northeast trending Kazan Dyke swarm.

Felsic Volcanic/Plutonic Rocks

Felsic to intermediate volcanics on the property are dominantly in the form of finely laid tuffs with lesser agglomerates and flows. The tuffs are fine to medium grained, light grey to greenish grey on weathered surfaces and grey on fresh surfaces. A prominent schistosity is evident. Agglomerates consist of a greenish grey dacitic matrix with clasts of dacite to rhyolite, up to 20 centimetres in diameter. Lavas are fire grained, grey, massive dacite. Varying textural characteristics of the felsic volcanics indicates several episodes of volcanism.

Felsic plutonics within the Henik Group consist of coarse grained, porphyritic Magnetic interpretation by Murdy et al. 1986 indicated the possible structural influence of the felsic intrusives on mineralized iron formations.

Iron Formation

Iron formations in the area of the Sy property can be traced intermittently for up to 7 kilometres, with thicknesses up to 170 metres. Iron Formations on the Sy property occurs along the southeast side of a volcanic band running from the Tyrell arm of Yathkyed Lake, southwest through the property. Outcrop on the property is scarce, but frost heaved boulders are common. Poorly exposed iron formation can be traced as linear sets of frost boils and frost heaved boulders 100 metres, with thickness of two to three metres, but geophysical surveys indicate that some formations may strike up to 2.5 kilometres. Magnetite-rich oxide facies iron formation and silicate facies iron formation are both present on the property, but oxide facies is more common. The oxides facies is composed of chert and magnetite with lesser grunerite, hornblende, carbonate and chlorite. The oxide facies is seen to be more resistant to weathering than the silicate facies and can be found in outcrop tens of metres long and several metres 19 wide. This facies does not generally contain sulphides nor is it found to be significantly auriferous.

The silicate facies contains higher proportions of amphiboles, carbonate, chlorite and sulphides. This facies is often found in gossanous frost heaved boulders which are commonly gold-bearing.

In total, seven distinct iron formation units have been identified by historic work performed on the property. Unit names are taken from detailed descriptions found in Mudry et al., 1986.

A thin banded magnetite-amphibole-chert unit (unit Aifa) is located on three different horizons in the East Jaeger Zone, a historic showing of an outcropping sulphide horizons, as well as on several horizons around Grunerite Lake. The unit is dark green to grey and composed of magnetite, hematite, quartz, hornblende, grunerite, chlorite, garnet, pyrite and pyrrhotite. Outcrop scale laminations alternate bands of magnetite, amphibole and quartz rich layers. Only one of these units has been reported as being of economic interest. The unit is located on the historic SY-13 grid and can be traced for approximately 100 metres.

Another iron formation (unit Aifb) can be intermittently traced with a linear set of limonitic frost boils and outcrop for approximately 1.4 kilometres on the historic SY-4 grid. The unit is characterized by the assemblage of magnetite, quartz, hornblende, grunerite, pyrite, pyrrhotite, arsenopyrite and rare calcite and garnet. Grunerite and garnet are in lesser quantities in this unit than the previous and there is the notable addition of arsenopyrite. The unit is dark grey green in colour and is poorly banded, with alternating layers of magnetite, amphibole and quartz rich layers. The amphibole is commonly altered to chlorite. Within the amphibole rich bands, pyrrhotite is seen as fine grained clots and disseminations and arsenopyrite is recognized as euhedral to subhedral coarse grains. Historic petrographic work suggests an association of gold with the euhedral arsenopyrite.

An outcropping of iron formation (unit Aifc) occurs on the west end of the historic WAD grid and in the MacArthur Zone. The unit is commonly medium brown to grey-blue in colour, but the amphibole layers can be medium to dark green or black. This unit is fine grained and composed of magnetite, chert and amphibole, with trace to two percent fine grained pyrite. In the W.A.D grid, amphibole is only weakly chloritized. In the MacAurthur Zone the amphiboles are strongly chloritized and pyrite is seen to be concentrated in this layer. Historic assay results are encouraging with a number of samples exceeding 10 g/t Au.

A unique iron formation (unit Aifd) is located on the east end of the historic WAD grid and can be seen outcropping in areas of up to 100 metres in length and 20 metres in width. The unit consists of thick bands of massive magnetite interlayered with quartz wacke. Fine grained pyrite and pyrrhotite is disseminated throughout the 20 magnetite layer, while pyrrhotite is absent in the wacke layers. Historic work on this unit was reported to return discouraging gold values.

Iron formation located on the historic MP001 and KR-10 grids (unit Aife) are composed of magnetite, chert, grunerite, pyrite and pyrrhotite. Magnetite in this unit is seen as thin bands, generally less than 1 centimetre, and also disseminated through the chert layers. Pyrite can be found within quartz disseminations in the chert layer and also as euhedral crystals forming discreet thin layers within the magnetite bands. Pyrrhotite is found only in the subsurface as disseminations in the magnetite bands and also occurs along veins. Historic assay results show the potential for high gold values in this unit.

A mineralogically distinct iron formation (unit Aiff) located on the south shore of Kneeling Man Lake occurs as a liner set of gossanous frost boils and subcrops. This unit is characterized by the whitish-grey to orange chert layers that are up to 15 centimetres in width and contain interlayered thin bands of pyrite. The pyrite is fine to medium grained and the bands are generally less than 2 centimetres in width. Historic sampling of this unit returned promising gold assay results.

Associated to the previous unit, another iron formation (unit Aifg) located in the Kneeling Lake area is composed of chert, magnetite, ankerite, dolomite and chlorite. Ankerite is found as thin bands within the chert layers and is spatially associated with fine grained continuous bands of pyrite. Historic assay results returned two samples with low gold values.

Sedimentary Rocks

The sedimentary rocks of the Henik Group are thought to be the oldest rocks on the property. They are largely a thick monotonous package of metamorphosed wackes, which are commonly intruded and flanked on both sides by the felsic rocks of the Henik and Post Henik Group rocks. The auriferous iron formations on the property are hosted by this package (Murdy et al. 1986).

Post Henik Plutons

Felsic Plutonics

A number of felsic plutonic units are recognized on the Sy property, such as quartz monzonite, granodiorite and quartz-feldspar to quartz porphyry. The Quartz monzonite is considered the youngest felsic intrusive on the Sy property. The unit is light grey to pink in colour, medium to coarse grained, equigranular to holocrystalline and exhibits weak foliation. Alteration is rare and consists largely of biotite altered to chlorite with lesser saussuritization of feldspar. Recent reports indicate that mineralization is absent, although historic work had reported to have recovered gossanous zones containing anomalous copper. Large outcrops of this unit are located in the southwest of the property to the northwest of Old Camp Lake. Located in close 21 proximity to the Quartz monzonite is a large northeast trending belt of granodiorite. The unit is medium grained with moderate foliation with alteration including saussuritization of feldspar and biotite altered to chlorite. The quartz-feldspar to quartz porphyry is grey to grayish pink in colour, medium to coarse grained and strongly porphyritic. The quartz and feldspar phenocrysts are subangular to subrounded and range up to seven millimeters in diameter. A second unit of quartz-feldspar porphyry has been recognized and differs form the first unit in that it is more siliceous and the phenocrysts are generally smaller (up to 2 millimetres in diameter). Mineralization is recognized throughout this unit and consists of disseminated pyrite.

Amphibolite

Although several bands of amphibolite are located adjacent to and around the Sy claims, only one long linear band has been described on the property. The band is located in the southwest of the property to the northwest of Old Camp Lake. The amphibolite is medium to coarse grained, dark green to black and generally massive with a glacially polished surface. Foliation is quite prominent in this unit, in contrast to other units located outside of the claim area, due to hosting several shear zones which have caused the amphiboles to become aligned. Trace pyrite and pyrrhotite have been recognized, but at present, no gold mineralization has been identified in this unit.

A good exposure of amphibolite dykes occurs on the Sy property, approximately 3 kilometres north of Old Camp Lake. The unit is medium to light green in colour, medium grained, moderately to strongly foliated and is commonly granulated. The unit can be traced up to 200 metres in some areas with thicknesses up to three metres. The dykes occur within the metamorphosed wacke unit. Mineralization has not been recognized in this unit.

Aphebian Rocks

The Aphebian aged rocks are part of the Tulemalu dyke swarm related to the tensional phase of the post Kenoran orogenic event. These gabbro and diabase dykes are dark green to grey, medium grained and only weakly foliates, in contrast to other gabbroic dykes in the area. Alteration of this unit is minimal and consists of biotite altered to chlorite and saussuritization of feldspar. Metamorphism is also weak. Pyrite mineralization is up to two to five percent and seen as disseminations along fractures.

The Helikian rocks are gabbro dykes, which are part of the northwest trending Mackenzie Dyke swarm of post-Hudsonian tectonics. The post Henik rocks are composed of mafic and felsic intrusives, which cut the upper greenschist to lower amphibolite facies metamorphosed mafic volcanics, volcaniclastics and sediments of the Henik Group rocks.

Helikian Rocks

The Helikian rocks on the Sy property are represented by the northwest trending Mackenzie dyke swarm related to post Hudsonian tectonism. These diabase 22 dykes are grey to black in colour, medium grained and weakly foliated. One dyke, located approximately 3 kilometres north of Old Camp Lake, is greater than 100 metres in length and 10 metres in width. Mineralization in this unit consists of rare disseminated pyrite.

Structure

The most dominate structural feature in the area of the Sy property is a northeast trending shear zone, the Sy-1 Deformation Zone, which strikes along the east side of the greenstone belt. The zone is a series of small, discontinuous shears, visible on the surface for approximately 15 kilometres, although it is thought to extend for another 15 kilometres to the south. The width of the shear zone varies from 50 to 100 metres. Along the shear zone there is no notable displacement of the geological units. These units include carbonatized basalts, quartz-chlorite-sericite-carbonate schists and boudinaged quartz veins. Zones of intense shearing are mylonitized. Shearing within the iron formations is difficult to identify due to “absorption” of much of the strain in the host rocks and silicate bands, only in the more competent chert horizons is the shearing more obvious with intense brecciation (Balog, 1987).

Poor exposure of outcrop hinders recognition of regional fold patterns, but strong folding within iron formations is evident around the periphery of intrusions near the Pebble Beach area and Martha Zones. Folding and crenulations are most evident in the silicate rich iron formations (Balog, 1987).

DEPOSIT TYPES

The primary deposit type investigated on the Sy property is gold bearing iron formation, along with secondary potential for volcanogenic massive sulfide (VMS) deposits. Archean to Proterozoic greenstone belts consisting of gold bearing iron formation reflect ancient volcanic arc tectonic settings. Iron formation hosted gold deposits are often associated with greenschist to amphibolite metamorphic facies transitions and occur in rocks that have undergone varying degrees of deformation. Alteration associated with gold in iron formation deposits can be variable ranging from prominent carbonatization to sericitization to sulphidization and silicification within wallrocks adjacent to crosscutting quartz veins (Lhotka and Nesbitt, 1989; Kerswill, 1993). Ore mineralization is often related to local structures, such as contacts between ultramafic rocks and tholelitic basalts or sedimentary rocks, as well as, pinch outs and facies changes within geologically favourable units.

Gold hosted within silicate, oxide and sulphide iron formations is currently the primary deposit type of interest within the Sy Project area. Oxide and silicate iron formation rocks are common and locally gossanous due to the weathering of abundant sulphide minerals; white-weathering, resistive quartz veins are often easily recognized against typical barren-land vegetation. Iron formation hosted gold typically occurs associated with crosscutting quartz veins and veinlets or as fine disseminations 23 associated with pyrite, pyrrhotite and arsenopyrite. Mineralization may also develop in the axial plane cleavage or concentrate in fold hinges of the deformed iron formation.

Iron formation hosted gold deposits have been the exploration focus of the Sy Project area in part due to the proximity of similar deposits like Cullaton Lake, Meliadine and Meadowbank. This type deposit type forms significant gold mines/deposits in other regions including Meadowbank (northwest of Baker Lake, Nunavut), Musselwhite (northern Ontario) and Homestake (South Dakota, USA) (see Lhotka and Nesbitt, 1989 and Kerswill, 1993 for a thorough review). These deposits are typically characterized by quartz veins and silicification which can intensify near fold hinges where dilational regimes are abundant. Sulphide minerals, typically pyrite, pyrrhotite and arsenopyrite, are present within and adjacent to these quartz veins; gold is usually associated with sulphide minerals. The sulphide minerals can form massive to semi-massive layers or beds or can be disseminated as individual grains. The extremely iron-rich nature of the iron formation host rock creates an excellent chemical trap which drives the precipitation of sulphide minerals and gold from mineralizing fluids (Phillips et al., 1984). To date, exploration at the Sy Project has focused on the gold occurrences in iron formation within the sediment dominated portion of the belt. Iron formation and spatially associated EM conductors appear to be abundant in the northern volcanic dominated portion of the Sy project area and have received little exploration. The Three Bluffs and Inuk gold deposits at Committee Bay are hosted within iron formation that is within a greenstone (volcanic) dominated sequence (Turner, 2006).

The characteristics of volcanogenic massive sulphide (VMS) deposits are fairly well known (Sangster 1972, 1980a,b, Franklin et al. 1981, Hutchinson et al. 1982, Wood and Wallace 1986, Eckstrand 1984, Lydon 1988a,b). Typically, VMS deposits range up to a few million tonnes and the main ore metals are Cu, Zn and lesser amounts of Pb, Ag and Au. Lydon (1988a) broadly classified VMS deposits into two main types based on their major ore metal content: Cu-Zn deposits and Zn-Pb-Cu deposits. There is much overlap between these two broad classes, but the Cu-Zn type tends to be more common in mafic volcanic rocks or their sedimentary derivatives, whereas the Zn-Pb-Cu type tends to occur where the regional footwall succession is dominantly felsic volcanic rocks or mica/clay-bearing sedimentary rocks. VMS deposits are synvolcanic and broadly concordant within the stratigraphy that host them. They generally comprise a stratabound massive sulphide lens that is underlain by or sources from a discordant crosscutting feeder stockwork. Many deposits exist at a mafic to more felsic volcanic transition, and are interlayered with fine grained sediments and tuffs that reflect a period of volcanic extrusive quiescence, but active fumarolic activity. Associated rock types include one or more of rhyolite domes, phreatic explosion breccias, and volcanic derived sedimentary rocks, including sulphidic chert, iron and manganese oxide units, and carbonaceous argillites. VMS deposits are found in rocks of all ages, but in Canada they are most common in Archean (2.75 Ga), Proterozoic (1.9-1.7 Ga) and Cambro-Ordovician age rocks.

The sulphide lenses are typically massive, rubbly or brecciated, but they grade laterally into either layered sulphide, interlayered sulphide and sedimentary bands or 24

'layered' clastic massive sulphide. The predominant sulphide minerals comprise pyrite, pyrrhotite, chalcopyrite, sphalerite and galena. These minerals tend to be characteristically zoned outwards from the core of the stringer zone: chalcopyrite, pyrite and pyrrhotite are more common near the core, grading outwards to pyrite and sphalerite with some galena, to sphalerite, galena, pyrite and, in some cases, barite. The stratigraphic footwall and, particularly, the stockwork feeder zone are hydrothermally altered, and are characterized by varied amounts of Mg, Si, K, Ca and Na metasomatism. The stratigraphic hangingwall, in contrast, typically is unaltered to little altered in comparison to the footwall stratigraphy. Hydrothermal silicate alteration products comprise quartz and chlorite in the stringer zone core, surrounded by a halo of sericite. In places, Fe, Ca and Mg carbonates, smectite, talc, actinolite and some other Fe- or Mg-bearing minerals comprise part of the alteration assemblage. In general, Fe and Mg are enriched in the central stringer zones, whereas Ca, Na, Si and K are depleted. In highly metamorphosed deposits, however, alteration assemblages are represented by cordierite, anthophyllite, biotite, talc, kyanite, sericite, garnet, staurolite and gahnite. Characteristically, individual VMS deposits tend to occur in clusters around volcanic or fumarolic centres. Important exploration guides to VMS ore deposits include: (1) synvolcanic fractures in submarine volcanic rocks which permitted fumarolic fluids to discharge at the seafloor-sediment interface; (2) mafic to felsic volcanic transitions, (3) phreatic felsic volcanic centres; (4) altered stringer zones with disseminated sulphides; (5) associated pyroclastic rocks in the immediate stratigraphic footwall; and (6) an overlying thin to, locally, thick sulphidic and siliceous exhalative horizon, black carbonaceous shale or baritic layer.

Although the characteristics of the 'typical' VMS deposit have been well summarized by various workers, in detail there is much variation between geographically or geologically separate VMS camps, and often between deposits within the same camp. Further, where the host rocks have been strongly deformed or metamorphosed or both, it is often difficult to clearly recognize those characteristics that are considered 'typical' for VMS deposits. Many of the Archean VMS deposits are associated with folds, hence they originally were believed to be epigenetic structurally- related replacement sulphide deposits, whereas subsequent work often has shown them to have been deposited synvolcanically and genetically to be both pre-deformation and pre-metamorphism.

MINERALIZATION

Approximately 40 anomalous gold-bearing zones have been identified, tested or drilled on the Sy property during the middle 1980’s. Anomalous zones may be categorized as geological, geophysical or geochemical. These zones may be considered anomalous, although they may not necessarily be highly auriferous. The zones can be further divided into which grid they were initially discovered. The vast majority of gold occurrences have been discovered on three contiguous grid areas: the WAD, SY-4 and SY13 grids (Figure 7). Curiously little or no exploration for gold or VMS related base metals has occurred in the area in over 20 years. ±

^_ SY-1/MP001 Grid

^_

SY-4 WAD Grid ^_ Grid ^_ SY-13 Grid ^_^_

Legend

Historic Grids ^_ KR10 Showing CORSA Capital Ltd. Present Claims ^_ WAD Showing NUNAVUT TERRITORY Waterbodies ^_ McArthur Showing Historic Grids and Showings Water Course ^_ MP001 Showing 0246 Kilometers ^_ 078 Showing APEX Geoscience Ltd. ^_ Jaeger Lake East Showing Edmonton, Alberta October 2007

Figure 7 26

Based upon past exploration and work conducted during the data review and the property visit during 2007, there appear to be several of the historic gold occurrences that warrant further exploration. In a number of cases, the 2006 airborne geophysical survey has outlined what appear to be a number of iron formations and conductors parallel to and often only a few tens to a few hundreds of meters away from known existing iron formations with spatially associated conductors that host known gold occurrences. In most cases, the reason that a number of these iron formations and conductors have not be explored and tested is that they are not exposed at surface. In addition, iron formation and spatially associated EM conductors appear to be abundant in the northern volcanic dominated portion of the belt and, other than the KR-10 and the MAL gold occurrences, this portion of the belt has received little exploration. Again exposure is poor and has likely resulted in a lack of exploration.

Gold occurrences or zones that appear to warrant further exploration include (in order of priority) the Jaeger Lake zone on the SY-13 grid, the MP001 occurrence on the SY-1 grid and the KR-10 zone (Figure 7). Based upon the 2006 airborne geophysical survey it also is likely that there are a number of extensions to prior tested horizons, untested horizons and contacts of iron formations with spatially associated EM conductors that require follow-up exploration in the vicinity of a number of historic occurrences; these include untested zones at the SY-4 grid and the WAD grid (Figure 7).

SY-13 Grid

Jaeger Lake East Zone

The Jaeger Lake East zone extends the original Jaeger Lake zone to the northeast with partially sulphidized oxide iron formation. The east zone is located between lines 15+00 and 12+00W/2+50S on the 1984 SY-13 grid (Figure 7). The Jaeger Lake East zone contains four sulphide to oxide horizons, of which at least two are gold bearing. The mineralized zones are contained within sulphidized oxide facies iron formation packages that have been interlayered with a psammitic sequence of sedimentary rocks (Reid, 1984). The Jaeger Lake East zone may potentially extend eastwards to the Coyle zone and westward to the Jaeger Lake zone. Rock sample assays yielded up to 9.90 g/t Au and 0.160 to 4.40 g/t Ag, while panned concentrates yield up to 13.70 g/t Au and up to 4.70 g/t Ag along with minimal Cu and Zn values (Reid, 1984). In diamond drilling during 1986, the Jaeger Lake East zone yielded up to 3.38 g/t Au over 3.5 m core length in drill hole 86-1 and up to 3.18 g/t Au over 7.0 m core length in hole 86-11 (Mudry et al., 1986). Drilling at the Jaegar Lake East Zone during 1987 yielded grades of up to 3.53 g/t Au over 6.20 m core length including a higher grade portion of 5.67 g/t Au over 3.0 m (Pacor, 1987). The Jaeger Lake East has returned highly anomalous gold values in core from four out of five drill holes drilled over more than 250 m of strike length. The Jaeger Lake East gold zone remains open at depth and to the northeast and may even be open to the southwest. The zone warrants further drilling and is considered a priority target. 27

SY-13E

The Sy-13E Zone of mineralization was initially discovered by Aberford in 1981 between the lines 18 and 19 E/2+00S on the SY-13 grid. The zone is cantered on a strong VLF conductor, which may extend to the SY-13 South Zone. Trenching on the top of a hill, which contained abundant sulphide mineralized frost boils along its lower slope, revealed sulphide to oxide facies iron formation. Sampling in this zone also yielded anomalous zinc values, which were consistently associated with elevated silver and copper values, highlighting the possible presence of volcanogenic massive sulphide zones in the area (Reid, 1984).

Jaeger Lake

The Jaeger Lake zone was initially discovered between lines 18W/5+00S and 22N/6+00S on the SY-13 grid by Aberford in 1984. It was initially discovered as a long linear set of mineralized frost boils, which contained fragments of massive sulphides and iron formation. One occurrence of limited outcrop in the zone is located on the top of a small hill and consisted of a linear 0.61 metre wide magnetite rich iron formation (Reid, 1984).

Coyle Zone

The Coyle Zone is located on the far eastern extent of the Jaeger Lake conductor and consists of a set of small rusty frost boils. Anomalous gold values (up to 4 g/t) have been recovered from this zone (Reid, 1984).

Reid Zone

The Reid zone, initially discovered by Aberford in 1984 on line 2+00W/3+25N on the SY-13 grid, consists of a long string of sulphide-rich frost boils and limited outcrop of iron formation. The iron formation within the zone is intensely quartz veined and contains abundant pyrite, pyrrhotite and sphalerite mineralization. Historic assay results from samples collected from the iron formation were reported to have not returned any significant gold values, although silver, copper and zinc were said to be high with values of up to 25 g/t Ag, 0.23% Cu and 1.24% Zn, respectively (Reid, 1984).

SY-13 S Zone

The SY-13S Zone, located on line 32+00W/0+75S of the SY-13 grid, was discovered in 1981 by the initial reconnaissance survey performed by Aberford. This zone of considerable length, lies atop a long VLF conductor and consists of a system of frost heaved silicate-sulphide-amphibole iron formation flanked by boudinaged pyrrohotite-, pyrite- and amphibole-rich gneiss. Historic sampling returned slightly elevated results with respect to gold, silver and base metals (Reid, 1984). 28

KR-10 Grid

KR-10 zone

The KR-10 zone represents a localized outcrop area of mineralized, sulphide-rich lean oxide iron formation that is strongly deformed and along strike from the MAL zone described below (Figure 7). The KR-10 and MAL zones represent the lone gold showings discovered in the northern portion of the belt within the volcanic dominated rocks. Surficial exposure of the KR-10 anomaly is limited to small outcrops of lean oxide cherty iron formation in the presence of a Z fold structure with a 041o azimuth. The mineralized zone is bound to the north by carbonated mudstones and sheared basalts. Assayed rock samples yielded up to 14.6 g/t Au and 3.30 g/t Ag (Reid, 1986). A single diamond drill hole was completed to test the occurrence during 1986 and intersected abundant sulphides with low gold values. The author considers the drill hole test inadequate in light of the tenor of gold obtained from the limited exposed sulphidic zones along with the results of the 2006 airborne survey that shows the presence of a much more extensive magnetic lineament and series EM conductors that are spatially associated with the target.

MAL zone

The MAL zone is located approximately 1.6 kilometres southwest of the KR-10 zone and consists of sulphide-rich frost boils. Exposure of the MAL zone (1.5 by 3 metres) is alongside the southern extent of a sheared, carbonated basalt outcrop. Similar occurrences of mineralized iron formation and basaltic host rock have been noted over an area 500 by 750 metres (Reid, 1986). Based on the stratigraphic sequence, the MAL zone represents a distinct anomaly even though it is located along the same strike as the KR-10 zone. According to Reid (1986), rock samples yield low but anomalous gold values with anomalous arsenic, copper and zinc values (0.14%, 0.91%, and 0.116%, respectively). The results from frost boil and pan concentrates was more favourable yielding up to 5.26 g/t Au and up to 1.10 g/t Ag. The occurrence is situated near a long linear magnetic anomaly as well as a long linear EM conductor. This occurrence requires follow up exploration and may be example of a gold shear zone in volcanics or VMS type target.

Big Bird Lake MP001 Grid

SY-1/MP001 Boil Complex

The SY-1/MP001 zone, originally located by Aberford in 1981, is located between lines 47+00 and 49+50NE and stations 1+40S to 2+40N on the Big Bird Lake grid (Figure 7). The zone consists of three parallel horizons of frost boils, frost heaved boulders and limited subcrop of oxide iron formation located northeast from Big Bird Lake. The original SY-1 showing is the most northerly of the three horizons and consists of a long linear series of sulphide-rich frost boils with a strike length of 150 metres and 060° azimuth. The SY-1 horizon is associated with a strong conductor and 29 magnetic anomaly, and is bound along the southern margin by a rhyolitic unit (Reid, 1984). The SY-1A horizon, located along 48+50 and 50+00NE/0+35N, consists of linear sulphide-rich frost boils associated with a moderately strong VLF conductor. The third horizon, from line 48+50 to 50+25NE/0+20S of the Big Bird grid, represents weakly mineralized frost boils with intensely sheared metasediments (Reid, 1984). Previous sampling along the SY-1/MP001 frost boil complex has yielded up to 6.04 g/t Au and 5.4 g/t Ag in rock samples and up to 4.48 g/t Au and 16.80 g/t Ag in frost boil panned concentrates along with up to 0.56% Cu and 1.59% Zn (Reid, 1986). The geology of the area is such that it straddles the transition from the sediment dominated portion of the belt to the volcanic dominated portion of the belt. The geology including potential bimodal volcanics and iron formation in conjunction with the geochemistry obtained to date perhaps highlights the potential of this area as a not only a gold in iron formation target but also a VMS target (Reid, 1984).

It appears two drill holes were drilled on the MP001 grid testing some of the surface showings. Drill hole 86-10 encountered 1.62 g/t Au over 2.1 m core length within quartz carbonate sericite chlorite schist likely representing mafic volcanics (Mudry et al., 1986). Based upon the authors review, the 2006 airborne geophysics survey and a field visit to this target it is unclear whether the best gold showings were in fact tested. In addition, two sub-parallel EM conductors along with a strong magnetic anomaly lie to the northwest of the drill collars and were not tested by the 1986 drill holes, which were drilled in a southeasterly direction. A 1986 sample that assayed 5.36 g/t Au appears to be associated with one of the untested EM conductors and coincident magnetic anomaly, however, the sample was not located to confirm this.

Big Bird South Zone

Surficial exposure of the Big Bird zone is limited to weakly chloritized silicate iron formation within frost heaved boulders and frost boils over 250 metres (Balog, 1988). The Big Bird South zone consists of three sub-parallel iron formations that have undergone intense shearing along the SY-1 deformation zone (Balog, 1988). The surrounding rock types include chlorite schist, and foliated carbonatized metavolcanic units (Reid, 1986). Mineralization of the Big Bird zone comprises disseminated pyrrhotite and pyrite, sulphide stringers, and disseminations within the chert amphibole sections of the iron formation (Reid, 1986). Assayed samples yield up to 0.69 g/t Au from this zone (Balog, 1988). The Big Bird South horizons exhibit dimensions of 0.5 to 2.5 metres across and 60 to 400 metres in length (west to central iron formations, respectively) (Reid, 1986).

SY-4 Grid

The SY-4 grid has been divided into the 078 Boil Complex, the Original SY-4, SY-4 North Extension, SY-4 East Extension and MacArthur gold zones/showings (Figure 7). The SY-4 Extension contains the Z-fold North, Z-fold South, Corn Lake and Line 15 South zones (Figure 7). Drilling of a number of the SY-4 grid targets including the 078 Boil Complex, the main SY-4 showing, SY-4 North Extension, SY-4 East, 30

MacArthur, Z-Fold North and South and Corn Lake has yielded only limited success with a best intersection to date of 1.53 g/t Au over 2.4 m core length from the 078 Boil Complex and 2.40 g/t Au over 1.3 m from the Z-Fold North occurrence. Despite this limited success, based upon the 2006 airborne survey there remain a number of magnetic anomalies and EM conductors that are untested and most likely poorly exposed but may warrant follow-up exploration.

Original SY-4 Zone

Mineralization on the original SY-4 zone located between 10E/1+50N and 13+50E/2+00N on the original SY-4 grid, was initially discovered during the 1981 reconnaissance project. The Sy-4 mineralization is hosted in a thin pyrite-pyrrhotite- arsenopyrite-rich cherty iron formation. The iron formation its self is hosted in a psammite to greywacke package. Trenching around the iron formation indicated a true width of 4 metres (Reid, 1984).

SY-4 North Extension

Also in 1981, mineralization was discovered between lines 13+50E/2+00N and 16+50E/2+50N on the original SY-4 grid. The SY-4 North Extension consists of an extensive area of mineralized frost boils and frost heaved boulders. Drilling in 1986 by Homestake intersected iron formation, which strikes north-south and dipped 80° to the east. Bedding and foliation also dipped to the east, between 70° to 90°. In addition, fractures were subhorizontal and quartz veining was subparallel to foliation. The SY-4N Extension is generally online with the McArthur Zone, although separated by a zone of deep tundra, and is thought to be an extension of it. Geophysics has indicated the possibility that the zone extends towards the south (Reid, 1984).

SY-4 East Extension, Corn Lake, Z-Fold and Line 15 Zones

Located on the SY-4 East grid, are the Corn Lake, Z-fold North, Z-Fold South and Line 15 South zones. Homestake identified and drilled these zones in 1986 as there area appeared to be complex due to the influence of a “large mass of porphyry.” The Corn Lake zone is a small outcrop of “possible” iron formation, but it was not intersected in the drill hole. The Z-Fold North zone was drilled in 1986 by Homestake and intersected several thin iron formations, which appeared to strike north- south, with foliation dipping to the east 60° to 70°. Ground magnetic surveys delineated the Z-Fold South zone and when drilled, intersected several units of wacke and iron formation. Foliation dipped vertically to steeply to the west, while fractures and quartz veins were subvertical and subhorizontal. Not much information has been reported on the Line 15 South zone, but Homestake described the area as having “a lack of outcrop” and when drilled, foliation could be either dip vertically or horizontally (Reid, 1984). 31

McArthur Zone

The McArthur Zone (NUMIN.DB Showing 065ISW0015), was first identified in 1984 by Aberford between the 18+00 and 19+50E/3+50N lines on the original Sy-4 Grid. This anomaly is a long (approximately 85 metres), narrow, linear sulphide mineralized horizon, which dips steeply to the east. Outcrop is observed at several locations at this location. The horizon is enclosed between sulphide-sericitic sandstones. It appears that a correlation can be made between mapped sulphide bearing iron formations and magnetic response at this location. Historic sampling from this zone have retuned promising Au values and it is speculated that grade may increase with depth (Reid, 1984 and Reid et al, 1986).

078 Boil Complex

The 078 Boil Complex was initially discovered in 1984 by Aberford at 2+00E/0+20S on the original SY-4 grid, while panning a large sulphide-rich frost boil. Numerous trenches and pits have been excavated and extensive sampling of sulphide- bearing frost boils has been performed. Reid et al, 1986 postulated that the 078 Boil Complex is an extension of the original SY-4 anomaly (Reid, 1984).

113 Zone

The 113 Zone, located on line 4+50E/3+75S on the original SY-4 grid first was identified by Aberford in 1984. The zone consists of a small boil system, which is thought to be an extension of an oxide iron formation, seen outcropping on 4+50E/3+75S. The iron formation is composed of thinly bedded chlorite, quartz, magnetite-rich layers, displaying a distinct schistosity. Auriferous and sulphide bearing rusty coloured frost boils are located approximately 30 meters from the outcrop. Silver is also seen to be anomalous in frost oil samples taken from this area (Reid, 1984).

Curtis Zone

The Curtis Zone, discovered in 1984 by Aberford is an extensive series of sulphide zones containing a long set sulphide-rich frost boils located on the east end of the south side of Washaneepisuki Lake. Outcrop in the area consists of pyrite and pyrrhotite bearing amphibole-chert ± garnet and magnetite iron formation is hosted within Metasediments, metavolcanics, tuffs and porphyry rocks. Historic assay results from this area were reported to be “disappointing” with very low values for gold, silver and base metals (Reid, 1984).

Hawk Rock Zone

The Hawk Rock Zone, located on the extreme northeast end of the original SY-4 grid, between lines 27+00E/4+00S and 31+00E/4+00S, was initially discovered by Aberford in 1981. The zone consists of an extensive series of gossans with very limited exposure of outcrop. The area of the Hawk rock zone is considered to 32 be “structurally complex,” with evidence of major folding and two periods of deformation. Historic assay results were reported to be “extremely discouraging” for gold and silver and base metals values were considered very low as well (Reid, 1984).

WAD Grid

WAD. zone

The WAD. zone potentially reflects the continuation of the SY-4 anomaly within the northeast corner of the original SY permits. The WAD zone is located approximately 5.25 kilometres south of the KR-10 zone and along strike from the SY-4 grid (Figure 7). The WAD zone appears to contain intensely metamorphosed and deformed rocks similar to the SY package. The WAD gold zone is hosted by a sequence of psammitic sedimentary rocks which are often associated with quartz- feldspar porphyries that trend east-west to north-east with shallow dips (Reid, 1986). WAD mineralization is limited to weakly sulphidized oxide to silicate iron formation, yielding up to 1.20 g/t Au and up to 5.10 g/t Ag in rock samples and up to 4.72 g/t Au and 1.63 g/t Ag in frost boil pan concentrates (Reid, 1986). The WAD zone represents a significant anomaly due to the highly folded and sheared extension of the SY-4 package of mineralized rocks to the northeast.

A total of 12 drill holes have tested a variety of gold occurrences and frost boil anomalies within the WAD grid area. The best intersection to date is 1.68 g/t Au over 3.25 m core length in drill hole 87-15 from the main WAD showing (Pacor, 1987).

Goose Lake Grid

Goose Lake Zone

The Goose Lake zone is characterized by silicate iron formation in rubble crop at 15+00E 14+20N on the Goose Lake grid. Schistose basalt hosts the iron formation over a strike length of 100 metres. Sample assays yielded up to 0.21 g/t Au and 0.69 g/t Ag in the Goose Lake zone.

North of SY-1/MP001

Caribou Zone

The Caribou zone was initially discovered by K. Reading in 1981 (Reid, 1986). Surficial exposure of the Cariboo zone is limited to gossanous frost boils and subcrop along a traceable length of 4.5 kilometres. The western horizon of the zone consists of quartz veining and sulphidized wacke with up to 0.24 g/t Au (Balog, 1988). The southern extent of the western horizon is offset by two east-west oriented faults (Reid, 1986). The eastern horizon of the Cariboo structure is characterized by quartz veining in iron formation, yielding an averaged 0.07 g/t gold with anomalous values of 1.87 g/t Au and 1.37 g/t Ag (Balog, 1988). Anomalous values within the eastern horizon 33 are associated with a quartz-veined silicate iron formation unit exposed over a 10 metre length. The western zone was exposed over 1.8 kilometres with a strike of 050/50 west, while the eastern zone frost boils were traced for 2.8 kilometres with a 2 to 3 metre width (Reid, 1986).

Martha Zone

The Martha zone can be classified as two separate structures (east and west). The Martha East zone contains a 50 m long gossanous re-crystallized quartz vein that assays 0.07 g/t Au and 0.69 g/t Ag. According to Balog (1988), elevated copper and arsenic values, 0.064% and >0.1% respectively, were often associated with non-auriferous quartz veins. The Martha West zone consists of a discontinuous gossan - quartz vein assemblage that assayed 0.07 to 0.14 g/t Au with background values of silver. It was noted in 1988 by Balog, that the host basalt sequence underwent amphibolite grade metamorphism near the intrusive contact.

Billy Zone

The Billy zone consists of an oxide iron formation exposure,150 m in strike length, that assays up to 0.21 g/t Au and 0.69 g/t Ag (Balog, 1988).

Anomalous Zones Outside of Grid Regions

No Camp Zone

The No Camp Zone is located 4.8 kilometres east of the Pebble Beach Lake camp and comprises two mineralized structures. Exposure of the No Camp zone consists of outcrop, subcrop, and frost heaved material belonging to a complex package of metavolcanics to chemical sediments (Reid, 1986). The first structure within the No Camp zone displays a considerable surficial trace (850 metres) and width less than one metre. Additionally, the first structure contains an ironstone-sulphide horizon, and has yielded assay values of 0.1% Cu, 0.25% Zn, and an averaged 0.07 g/t Au. The second structure represents a 25 metre long mineralized quartz vein with up to 7.95 g/t Au, 274.3 g/t Ag, and 10.67% Pb (Balog, 1988). The quartz vein is 1 m thick, contains coarse galena and pyrite cubs, and is hosted in a quartz monzonite intrusion (Balog, 1988).

Yathkyed Zone

The Yathkyed zone represents a region of discontinuous gossanous shear zones and iron formations, over 600 metres, in proximity to a quartz monzonite intrusion. Yathkyed mineralization is limited to disseminations, thin blebs, and veinlets parallel to foliation, which display assay values of up to 0.14 g/t gold (Balog, 1988). Mineralized iron formations within the Yathkyed zone have a surficial trace of up to 200 metres, with an average of 50 metres. 34

Dike Zone

The Dike zone has been characterized by mineralized quartz veins within a quartz-potassium feldspar dike. The mineralized dike occurs over 50 metres, with a 1 to 3 metre width, and strike of 047/70 northwest (Balog, 1986). Mineralization in the zone ranges from 0.07 to 0.55 g/t Au and 0.69 to 3.7 g/t Ag (Balog, 1988).

Pebble Beach Zone

The Pebble Beach anomaly can be further subdivided into three zones; the east, north, and south. The eastern zone contains parallel horizons of gossanous silicate iron formation hosted in fragmental basalt. The eastern zone mineralization occurs within localized pods of massive pyrrhotite or pyrite. The northern zone represents the largest iron formation exposure on the Sy claims (10 to 30 metres wide). The iron formation in the north zone is hosted by carbonatized basalts, and assays range from 0.07 to 0.14 g/t gold (Balog, 1988). The southern Pebble Beach zone consists of thin bands of iron formation, 30 to 200 metres wide, within a carbonatized mafic metavolcanic unit.

Sandhill Zone

Exposure of the Sandhill zone is limited to a banded chert-sulphide- mudstone package that yields up to 30% pyrrhotite and trace gold values (Balog, 1988).

Double Z Zone

According to Balog (1988), the Double Z zone has yielded 0.07 g/t gold within sheared chert iron formation hosted by carbonatized basalts. Exposure of the iron formation has been traced over 80 metres and up to 10 metres wide.

Planarian Zone

The Planarian zone consists of chert-amphibole iron formation hosted within a basaltic unit that has not been carbonatized. Two samples yielded 0.07 and 0.69 g/t gold within the shear zone (Balog, 1988).

Bug Zone

Exposure of the Bug zone is limited to two brecciated gossanous quartz veins (0.07 g/t gold) containing black siliceous mudstone. The veins are discontinuous (dimensions less then one metre at surface and are hosted by amphibolitized basalt (Balog, 1988). 35

Terminal Zone

The Terminal zone contains 30 m of gossanous iron formation with mineralized veins and carbonatized basalt host material. The Terminal zone mineralization is limited to 0.07 g/t gold and background silver values (Balog, 1988).

2007 EXPLORATION

The 2007 exploration program was conducted by a four person APEX geological crew under the direct supervision of Mr. Michael Dufresne, the Qualified Person for the project. The program was conducted over 10 days based out of a seasonal hunting camp on the north shore of South Henik Lake and was supported by a Hughes 500 helicopter provided by Great Slave Helicopters. Exploration commenced on August 29, 2007 with completion of the program on September 7, 2007. A total expenditure of $121,482.53 CDN, not including GST, was incurred by APEX and includes the cost of the 10 day field exploration program as well as a brief review and compilation of the available historic data into a functional GIS using ArcGIS 9.2.

A total of 102 rock grab samples were collected and assayed for gold and trace metals. The locations of the samples are shown of Figure 8. Descriptions and detailed geochemical results are included in the report as Appendix 1. The 2007 geochemical data was integrated with the historic compilation and a complete review of the 2006 airborne geophysical survey completed by Fugro Airborne Surveys Corp. (Smith, 2006). The highlights of the 2006 airborne survey are presented on Figures 9 and 10.

A total of 13 rock grab samples yielded gold values greater that 1 g/t Au with five samples yielding greater then 5 g/t Au up to a high of 8.88 g/t Au. The purpose of the 2007 exploration program was to: (1) determine the effectiveness of the 2006 airborne survey in locating sulphide zones with gold and base metal potential; (2) confirm the location and presence of the historic gold showings; and (3) to assess the overall economic gold and base metal potential of the Sy Property.

All three goals of the 2007 exploration program were satisfied. The 2007 exploration program was successful in identifying and confirming the location and tenor of historic gold occurrences on the Sy Property and that a number of the existing identified sulphide zones found during prior exploration are coincident with linear magnetic anomalies and interpreted EM conductors. In addition, despite poor bedrock exposure, directed prospecting of EM anomalies and interpreted conductors during the 2007 program led to the discovery of sulphide zones associated with iron formations and metavolcanics. Sampling of some of these sulphide zones in iron formation and metavolcanics has led to the discovery of new gold and base metal showings and demonstrates the usefulness of directed field work based upon the airborne geophysics in order to unlock the potential for metal discoveries in the belt. 549000 556000 563000 570000 577000 584000

Legend

2007 Rock_Samples

6920000 ± 6920000 Claims Waterbodies Rivers 6914000 6914000 6908000 6908000 6902000 6902000 6896000 6896000

CORSA Capital Ltd. NUNAVUT TERRITORY Sample Locations 2007

6890000 6890000 02468 Kilometers APEX Geoscience Ltd. 549000 556000 563000 570000 577000 584000 Edmonton, Alberta October 2007 Figure 8 555000 560000 565000 570000 575000

6915000 ± 6915000 6910000 6910000 6905000 6905000 6900000 6900000 6895000 6895000

555000 560000 565000 570000 575000

Legend CORSA Capital Ltd. All Claims NUNAVUT TERRITORY Lakes Total Field Magnetics

0123456 Kilometers

APEX Geoscience Ltd.

Edmonton, Alberta October 2007

Figure 9 555000 560000 565000 570000 575000 6915000 ± 6915000 6910000 6910000 6905000 6905000 6900000 6900000 6895000 6895000

555000 560000 565000 570000 575000

Legend SY EM Anomalies All Claims Conductance Water Bodies CORSA Capital Ltd. XY 20 - 50 SY EM Anomalies Conductors NUNAVUT TERRITORY XW 10 - 20 Electromagnetic Anomalies XW 5-10 on Magnetics XW 1-5 0123456 # <1 Kilometers

# 9 APEX Geoscience Ltd. Edmonton, Alberta October 2007

Figure 10 39

Prospecting and Sampling

A total of 102 rocks were collected during prospecting for the purpose of lithogeochemical analyses including gold assays. Based on the author’s prior exploration experience in Archean greenstone belts in the Northwest Territories and Nunavut, samples containing greater than 0.5 g/t Au are considered ‘anomalous’ and those samples which contain between 0.10 g/t Au and 0.5 g/t Au are ‘possibly anomalous’. A total of 27 samples assayed >0.1 g/t Au, including 16 samples that assayed >0.5 g/t Au and 5 samples that assayed >5.0 g/t Au (Figure 11 and Appendix 1). Of the five samples >5.0 g/t Au, three samples were taken from banded iron formation outcrops containing abundant pyrite and either quartz veining or silicification. ‘Select rock grab’ samples were, in general, collected in the mineralized zones in order to confirm gold grades obtained from historic showings.

Samples collected from a number of the major known gold occurrences, in general, replicated the gold grades of the prior historic results. A total of 13 rock grab samples yielded gold values greater that 1 g/t Au and were obtained from the Jaeger Lake gold zone, the KR-10 occurrence, the 078 Boil Complex, the SY-4 main zone, the main WAD zone and the No Camp Zone (Figure 11). Most if not all of these gold occurrences exist in areas of poor bedrock exposure and extensive surficial cover. In general, many of the gold occurrences/zones are spatially associated with a coincident linear magnetic anomaly and associated EM anomaly or interpreted conductor (Figures 9 to 11).

Gold occurrences or zones that appear to warrant further exploration include (in order of priority) the Jaeger Lake zone on the SY-13 grid, the MP001 occurrence on the SY-1 grid and the KR-10 zone (Figure 7). Based upon the 2006 airborne geophysical survey it also is likely that there are a number of extensions to prior tested horizons, untested horizons and contacts of iron formations with spatially associated EM conductors that require follow-up exploration in the vicinity of a number of historic occurrences; these include untested zones at the SY-4 grid and the WAD grid (Figures 7 to 11).

Prospecting and sampling of the coincident magnetic and EM anomalies during 2007 has led to identification of a number of new base metal occurrences (Figures 12 and 13). Samples from sulphidic zones associated with EM conductors in mafic volcanics that yielded greater than 1,000 ppm Cu up to 1,620 ppm Cu were found at two separate locations along the same conductor west of Big Bird Lake and at two separate conductors north of Big Bird Lake (Figures 7 and 12). A high sulphide VMS-like showing in volcanics discovered 3 km south of Yathkyed Lake, yielded up to 1,903 ppm Cu and 5,367 ppm Zn (Figures 12 and 13). The two high copper showing north of Big Bird Lake described above also yielded high zinc with values of up to 6,138 ppm Zn and 6,321 ppm Zn (Figures 12 and 13). These results are considered highly anomalous from a very limited amount of prospecting and sampling of magnetic and EM anomalies identified from the 2006 airborne survey. Legend 556100 561100 566100 571100 576100 Sy 2007 Rock Samples Au

Au PPB 100 117 .! -2 - 10 118 !. 11 - 50 .!119 120!..! .! .! 51 - 200 121 122 !. 201 - 1000 124 99 1001 - 5000 15 !. 125 1 6 11 114 6911000 6911000 5001 - 200000; Value PPM _ 126 98 ^ 113 134 .! 101 127 .!112 !. .! Sy 2007 Pending Claims 129 136 2 139 128 10 Sy Mineral Claims ! 065I06 !. 104 137 32 111!. Topographic Contour 065I05 1 130 40 .! .!.! 96 1 0 !.!. 103 Wetlands 11 5 1 5 106 Lakes 14 109 95 94 Drainage 8.478.23 60 52 108 56 SY EM Conductors; No. 63 .!61 53 !. 58 54 ^_ 107 93 45 59 57 64 65 49 48 67 51 50 46 6906000 6906000 47

78 68 75 71 69 70 79 77 73 74 89 82 84 44 85 90 87 43 88 91 1.77 !. 92 !39!. !. !..!!.!..! 42 . .!.! .! .! .! .!.! 36 41.!.! 37 38 .! 19 35 40 6901000 6901000 33 16 17 15 1.31.8 14 .! 065I03 13 !.!.1.98 31 32 !. 065I04 24.!.!!. 25 2.29 27 !. 1.23 26 !..!22 29 _8.88 12 ^ 4.53 30 20 CORSA CAPITAL LTD. Yathkyed Lake, Nunavut Gold Geochemistry 9 5.38 .!!.6 11 10 8 Conductors and Magnetics .!.! 1.3 !.!. 0550 1,100 2,200 3,300 4,400 ^_ Meters 7 5 Scale 1:100,000 4

6896000 NTS 65I, ZONE 14, NAD83 6896000 APEX Geoscience Ltd. 556100 561100 566100 571100 Edmonton, Alberta576100 November, 2007 FIGURE 11. Legend 556100 561100 566100 571100 576100 Sy 2007 Rock Samples Cu

Cu PPM 100 117 2 - 50 118 1323 50 - 100 119 ^`120 1620 100 - 500 121 122 500 - 1000 124 99 15 ^` 1000 - 1902.7; Value 125 1 6 11 114 6911000 6911000 Sy 2007 Pending Claims 126 1323 113 98 134 101 Sy Mineral Claims 127 ^`112 129 Topographic Contour 136 2 139 128 10 065I06 Wetlands 104 137 32 1358 111 065I05 1 130 Lakes 40 1004 96 1 0 ^`^` 103 11 Drainage 5 1 5 106 14 SY EM Conductors; No. 109 95 94 60 52 108 56 63 61 53 58 54 45 107 93 59 57 64 65 49 48 67 51 50 46 6906000 6906000 47

78 68 75 71 69 70 79 77 73 74 89 82 84 44 85 90 87 43 88 91 92 39 42

36 41 37 38

19 35 40 6901000 6901000 33 16 17 15 14 13 31 32 065I03

24 25 065I04 27 26 22 29 12 30

20 CORSA CAPITAL LTD. Yathkyed Lake, Nunavut Copper Geochemistry 9 6 11 10 8 Conductors and Magnetics 0550 1,100 2,200 3,300 4,400 7 Meters 5 Scale 1:100,000 4

6896000 NTS 65I, ZONE 14, NAD83 6896000 APEX Geoscience Ltd. 556100 561100 566100 571100 Edmonton, Alberta576100 November, 2007 FIGURE 12. Legend 556100 561100 566100 571100 576100 Sy 2007 Rock Samples Zn

Zn PPM 100 117 6 - 100 118 1909 101 - 200 119 ^`120^`3246 201 - 500 121 3893 122 6321 501 - 1000 124 99 15 ^` 1001 - 6321; Value 125 1 6 11 114 6911000 6911000 Sy 2007 Pending Claims 126 6138 113 98 134 101 Sy Mineral Claims 127 ^`112 129 Topographic Contour 136 2 139 128 10 065I06 Wetlands 104 137 32 111 065I05 1 130 Lakes 40 96 1 0 103 11 Drainage 5 1 5 106 14 SY EM Conductors; No. 109 95 94 60 52 108 56 63 61 53 58 54 45 107 93 59 57 64 65 49 48 67 51 50 46 6906000 6906000 47

78 68 75 71 69 70 79 77 73 74 89 82 84 44 85 90 87 43 88 91 92 39 42

36 41 37 38

19 35 40 6901000 6901000 33 16 17 15 14 13 31 32 065I03

24 25 065I04 27 26 22 29 12 30

20 CORSA CAPITAL LTD. Yathkyed Lake, Nunavut Zinc Geochemistry 9 6 11 10 8^`1260 Conductors and Magnetics ^`4225 0550 1,100 2,200 3,300 4,400 7 Meters 5 Scale 1:100,000 4

6896000 NTS 65I, ZONE 14, NAD83 6896000 APEX Geoscience Ltd. 556100 561100 566100 571100 Edmonton, Alberta576100 November, 2007 FIGURE 13. 43

TABLE 2: SELECT 2007 GEOCHEMICAL REULTS

Sample No. Au g/t Ag ppm As ppm Cu ppm Ni ppm Pb ppm Zn ppm 07TGP001 5.38 3.9 2.5 151.6 34.9 6.2 36 07TGP002 4.92 46.1 106.3 253.1 10.3 >10000.0 70 07TGP005 0.045 1.3 4.9 1902.7 196 6.1 5367 07TGP006 0.025 1.2 1.2 582.9 65.8 23.8 3893 07TGP007 0.025 0.4 0.9 1322.7 108.3 10 3246 07TGP008 0.01 0.2 0.6 242.9 42.8 5.7 1909 07TGP012 8.23 2 17.3 300.3 38.3 42.2 33 07TGP015 0.0625 2.5 3 561.8 475.5 11.6 4225 07TGP017 0.0875 0.7 11.6 291.5 107 8.3 1260 07DAP301 0.43 3.7 32.6 28.1 42.1 588.9 42 07DAP302 1.3 0.1 2.2 41.4 18.2 0.8 42 07DAP306 0.04 0.7 0.8 1619.7 17 11.1 919 07DAP307 0.03 0.5 0.8 457.9 109.4 11.4 6321 07EKP303 8.47 2.9 128.6 321.2 63.3 44.1 51 07EKP308 0.01 0.3 0.7 1003.8 74.7 0.7 46 07EKP311 0.005 1.3 0.7 1358.2 535.1 1.2 86 07EKP316 4.53 1.7 9236.9 294.4 28.6 2.9 9 07EKP317 8.88 6.7>10000.0 455.4 35.9 4.1 8 07EKP318 2.29 0.3 5226 58.1 53.4 4.3 44 07EKP322 1.23 1.6 6.4 329.6 29.6 2.5 32 07EKP326 1.98 1.2 33.4 56.7 10 2.8 46 07EKP327 1.3 0.4 6.2 21.3 6.5 4.7 26 07EKP328 1.8 1.3 10.6 139.7 23.6 10 35 07EKP341 1.77 0.5 18.9 89.6 23.9 4.2 44 07EKP349 0.075 0.7 5.1 1322.6 91 49.4 6138

Evaluation of the 2006 Airborne Geophysical Survey

During late 2006, Kaminak engaged Fugro Airborne Surveys (Fugro) to conduct a DIGHEM V helicopter-borne magnetic and electromagnetic (EM) survey over a large portion of the Sy Property (Smith, 2006). This data was reviewed and incorporated into the GIS for targeting purposes for the 2007 field program. The 1,178.3 line-kilometer survey yielded 690 EM anomalies that Fugro attributed to probable bedrock conductors, most of which were thought to be due to thin sources that are typical of massive sulphide responses. Many of the EM anomalies occur within or adjacent to magnetic units, likely iron formations, or in close proximity to their contacts, and are likely due to increases in amount of conductive sulphides. Fugro considered many of the EM anomalies in the survey area indicative of well-defined, moderate to strongly conductive bedrock zones that warrant follow-up exploration. 44

Other than one gold occurrence, all historic high grade gold occurrences that yielded greater than 5.0 g/t Au are located within the sediment dominated portion of the greenstone belt and for the most part are spatially related to quartz veined or silicified sulphide-bearing iron formation or at the contacts of the iron formations. The 2006 airborne survey delineated a thin bedrock sourced EM conductor spatially associated with almost every high grade gold occurrence within the sediment dominated portion of the greenstone belt. A number of short discontinuous conductors within the sediment dominated portion of the belt that have yielded anomalous gold values as well. There are a number of conductors that are covered and are unexplained.

In a number of cases, the 2006 airborne geophysical survey has outlined what appear to be a number of iron formations and conductors parallel to and often only a few tens to a few hundreds of meters away from known existing iron formations with spatially associated conductors that host known gold occurrences (Figures 9 to 11). In most cases, the reason that a number of these iron formations and conductors have not be explored and tested is that they are not exposed at surface. In addition, iron formation and spatially associated EM conductors appear to be abundant in the northern volcanic dominated portion of the belt and, other than the KR-10 and the MAL gold occurrences, this portion of the belt has received little exploration (Figures 9 to 11). Again exposure is poor and has likely resulted in a lack of exploration. Prospecting and sampling of a few selected EM conductors during the 2007 program yielded a number of new sulphide zones, some which yielded anomalous gold assays all less than 0.5 g/t Au. However, continued prospecting and sampling at these and other locations with coincident magnetic and EM anomalies is strongly recommended, as in the authors experience this type of work will lead to new discoveries.

The vast majority of the conductors occur in the volcanic dominated northwestern portion of the belt. This portion of the belt is volcanic dominated with associated iron formations and some intercalated sedimentary horizons. This portion of the belt is more poorly exposed and therefore has seen the least amount of prior exploration and is more difficult to explore. Prospecting during 2007 concentrated on ground truthing and sampling conductors within this portion of the belt as this is where the strongest likelihood of new metal discoveries exists. A number of the conductors in mafic volcanics yielded poorly exposed sulphide zone a number of which yielded anomalous concentrations of copper and zinc. Conductors 111, 112 and 120 yielded samples of sulphidic mafic volcanics with the concentration of copper ranging from greater than 1,000 ppm up to 1,902 ppm. All three conductors also yielded samples with anomalous concentrations of zinc ranging from greater than 1,000 ppm up to 6,321 ppm zinc.

DRILLING

No drilling has been conducted on the property while under the ownership of Corsa Capital Ltd. Previous drilling on the property is described in the History section. 45

SAMPLING METHOD AND APPROACH

All APEX samples were collected under the supervision of a registered professional geologist, Mr. Michael Dufresne, P.Geol. 105 samples were collected within the property. All rock samples that were collected during the property visit were marked at each sample site using orange arctic grade flagging along with a metal marking tag to insure sample site preservation. Sample locations were determined by hand-held global positioning system (GPS) set to report locations in UTM coordinates using the North American Datum established in 1983 (NAD 83) and UTM zone 14n. Sample sizes were, in general, between 0.6 kilograms and 2.0 kilograms and samples were collected in clear plastic sample bags. The sample identifiers were written on the outside of each bag (on both sides). A sample tag marked with the appropriate sample number was placed inside each sample bag. The sample bags were closed using zip ties. The samples were then placed within a sealed poly woven (rice) bag. The samples were taken to Rankin Inlet, NU., and transported by air to Edmonton, Ab., where the original samples were transported by freight to TSL Laboratories (TSL), Saskatoon, Sk., and duplicates to ALS Chemex (ALS) in Vancouver, B.C.

Based on the author’s prior exploration experience, samples containing greater than 0.5 g/t Au are considered ‘anomalous’ and those samples which contain between 0.10 g/t Au and 0.5 g/t Au are ‘possibly anomalous’. Anomalous rock samples which contain greater than 0.5 g/t Au should, wherever possible, be followed up to determine if they are associated with important gold-bearing zones. Possibly anomalous rock samples which assay greater than or equal to 0.10 g/t Au may warrant follow-up exploration depending on: (a) whether there are other possibly anomalous samples in their vicinity, (b) favourable geology, and (c) the logistical ease of re-visiting the sample site.

SAMPLE PREPARATION, ANALYSES AND SECURITY

The APEX rock samples were all placed into sealed plastic bags and then into a sealed poly woven (rice) bag and placed into a pail for shipment to the analysing laboratory immediately following collection. The samples were transported by air back to Edmonton, Alberta and then shipped by courier (insured) in a security sealed plastic pail. All original rock samples were sent to TSL, and duplicates samples to ALS for gold analysis, multi-element geochemistry and whole rock geochemistry. The author did not have control over the samples at all times and therefore can not personally verify what happened to the samples during transport and shipping, to the time they were received. However, the author has no reason to believe that the security of the samples was compromised.

The rock samples were analysed for gold using the Fire Assay procedure set forth by both labs. TSL along with ALS follow similar protocol for sample analysis. Prior to analysis, all samples were dried (if necessary) and crushed to –10 mesh (2 millimetre). A representative split of the sample (approx. 250 grams) is then taken, 46 using a riffle splitter, and pulverized to -150 mesh, then hand homogenized. The fire assay method uses an approximate 30 gram aliquot sub-sample from a standard 150- mesh pulp. The samples are mixed with a litharge flux and fused forming a lead button and molten slag. The slag is removed and the lead button containing the precious metals is coupled, resulting in a precious metal bead. The final technique used to determine the gold contents of the residue is by Atomic Absorption Spectrometry (AAS). The final technique used to determine the precious metals (silver, lead and copper) contents of the residue is by aqua regia digestion and the solution is analyzed by Atomic Absorption Spectrometry (AAS). Any assay results deemed erratic by the prospective labs were re-assayed. The samples were also analyzed using the 34- element Induction Coupled Plasma Spectroscopy (ICP) method. The ICP analysis uses an approximate 0.50 gram aliquot, which is digested with hydrochloric and nitric acid in a hot water bath. The sample is then bulked to a volume of 10 ml with 7.2% hydrochloric acid and analyzed by a combination of ICP-MS (Mass Spectroscopy) and ICP-AES (Atomic Emission Spectroscopy).

DATA VERIFICATION

Specific to this report, Mr. M. Dufresne along with a crew of three junior geologists collected all the APEX samples personally. As well, to the best of the author’s ability, the samples were kept under the control of APEX, therefore the author believes this data to be of acceptable quality.

In total, 105 rock grab/composite samples were collected, including three duplicates. All samples excluding the duplicates were shipped to TSL in Saskatoon, Saskatchewan (An ISO/IEC 17025:2005 Company). The three duplicate samples were collected and sent to ALS in Vancouver, B.C. (an ISO 9002 registered company). Both TSL and ALS perform standard quality assurance/ quality control (QA/QC) procedures with respect to all the rock samples that were sent for analysis. They routinely analyze analytical blank and standard samples. The data for all of these standard analyses were found to be within acceptable limits. Due to the nature of the samples a rigorous quality assurance and quality control (QA/QC) program was not warranted.

The author cannot comment on the quality control measures that may or may not have been taken by other companies during previous sampling programs that are discussed in the history section of this report. The author does not see any reason to question the quality, accuracy and security of the historical data.

ADJACENT PROPERTIES

Presently, two significant gold deposits exist in the region. The Meliadine property is over 80 km long with total land holdings of 72,625 hectares centered 24km west of Rankin Inlet, NU. The property is presently under two separate agreements: the Meliadine West property in which Comaplex has a 78% interest and Resource Capital 47

Fund (RCF) a 22% interest (Comaplex is the operator); and the Meliadine East property in which Comaplex and RCF each own a 50 percent working interest (RCF is the operator). The Meliadine West property consists of 52,796 hectares. Of this amount, 44,834 hectares are under Federal jurisdiction (16,233 hectares are claims, 28,601 hectares are leases) and 7,962 hectares are Nunavut Tunngavik Inc. (NTI) subsurface concessions. An indicated resource estimate of 5.2 million tonnes grading 7.70 g Au/t was delineated for the Meliadine West project, The Meliadine East property consists of 19,829 hectares. Of these lands, 17,054 hectares in 18 claims come under the jurisdiction of the Federal Canadian Mining Regulations (leases) and 2775 hectares come under NTI subsurface rights. The Meliadine East Gold Property is a 50/50 joint venture between Cumberland Resources Ltd. and Comaplex Minerals Corp. and contains an indicated category resource of 1.8 million tonnes grading 6.70 g Au/t (www.comaplex.com, 2007).

The second deposit is located approximately 70 kilometres north of Baker Lake is Cumberland Resources Ltd.’s 100% owned Meadowbank Project. This project recently reported a proven and probable gold resource of 21,190,000 tonnes grading 4.8 g/t ( www.cumberlandresources.com, 2006).

MINERAL PROCESSING AND METALLURGICAL TESTING

There has been no Mineral Processing or Metallurgical Testing completed on material from the property.

MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES

There are currently no mineral reserves or resources on the property.

OTHER RELEVANT DATA AND INFORMATION

The author is not aware of any other relevant information for the Sy property.

INTERPRETATION AND CONCLUSIONS

The geology of the Sy project area within the Yathkyed Lake Greenstone Belt is similar to other gold-bearing greenstone belts in the Kivalliq Region of Nunavut, including the Woodburn Lake Belt, which hosts the Meadowbank Gold Deposits and the Rankin Inlet Belt which hosts the Meliadine Gold Deposits. Each of these belts contains abundant gold-bearing banded-iron-formation host rocks which have undergone significant shearing and deformation. Although more than 40 gold occurrences have been identified on the Sy Property, the Sy iron formations and Greenstone Belt have seen only minor exploration compared to these other adjacent and comparable belts. 48

Limited historical exploration by Aberford Resources Ltd. and Homestake Ltd. (Homestake) during the mid 1980’s in this poorly exposed Archean greenstone belt resulted in the discovery of at least 20 individual high grade gold occurrences over a strike length of approximately 30 kilometres. Known gold mineralization is hosted in sheared and altered iron formation. Approximately 3,000 m of diamond drilling was conducted by Homestake in 1986 and 1987, which confirmed gold mineralization in iron formation at depth but failed to yield what would be considered potentially economic grades over mineable widths at that time. Historical surface samples from outcrops of iron formation on the “SY-13 Grid” yielded assays as high as 38.8 g/t Au. The historical 1986 and 1987 drilling yielded intercepts of up to 3.38 g/t Au over 3.5 m and 3.18 g/t Au over 7.0 m. Most if not all of the historic drilling was conducted beneath or in close proximity to known surface gold showings.

Bedrock outcrop exposure of potential host rocks for gold and base metals is extremely poor on the property and in the surrounding area. Based upon publicly available assessment reports and government geological reports there is no evidence of any historic airborne geophysical surveys conducted along the belt and there appears to have been no significant exploration since 1987. Only a small portion of the belt has been evaluated for gold and base metals, due in large part to poor outcrop exposure.

During late 2006, Kaminak engaged Fugro to conduct a DIGHEM V helicopter- borne magnetic and EM survey over a large portion of the Sy Property. The 1,178.3 line-kilometer survey yielded 690 EM anomalies that Fugro attributed to probable bedrock conductors, most of which were thought to be due to thin sources that are typical of massive sulphide responses. Many of the EM anomalies occur within magnetic units, likely iron formations, or in close proximity to their contacts, and are likely due to increases in amount of conductive sulphides. Fugro considered many of the EM anomalies in the survey area indicative of well-defined, moderate to strongly conductive bedrock zones that warrant follow-up exploration.

The purpose of the 2007 exploration program was to: (1) determine the effectiveness of the 2006 airborne survey in locating existing sulphide zones with gold and base metal potential; (2) confirm the location and presence of the historic gold showings; and (3) to assess the overall economic gold and base metal potential of the Sy Property. The field portion of the exploration program was conducted over 10 days beginning August 29, 2007. A total of 102 rock grab samples were collected and assayed for gold and trace metals. A total of 13 samples yielded gold values greater that 1 g/t Au with five samples greater then 5 g/t Au up to a high of 8.88 g/t Au. The 2007 exploration program has identified and confirmed the location and tenor of historic gold occurrences on the Sy Property. In addition, despite poor bedrock exposure directed prospecting of EM anomalies and interpreted conductors has led to the discovery of sulphide zones associated with iron formations and metavolcanics. Sampling of some of these sulphide zones in iron formation and metavolcanics has led to the discovery of new gold and base metal showings and demonstrates the usefulness of directed fieldwork based upon the airborne geophysics and the potential of the belt. 49

RECOMMENDATIONS

Based upon the results of the 2006 airborne geophysical survey and the 2007 exploration program, the Sy Property warrants additional exploration to determine the potential of the property to host economic gold and/or base metal deposits. A future exploration program should be phased, with the first phase to include but not be limited to detailed geological mapping, surface prospecting and sampling along with a number of ground magnetic and EM surveys. The estimated cost to conduct the Phase 1 program is $350,000 CDN. It is likely that a Phase 2 program with a certain amount of diamond drilling will be required to test some of the historic gold showings as well as unexplained prospective conductors identified by the 2006 airborne survey. However, the recommended program and associated estimated cost will be contingent on the results from Phase 1.

TABLE 3. EXPLORATION BUDGET FOR PHASE 1 AND 2 PROGRAMS

Item Description Estimated Cost (CDN) PHASE 1 Regional Data Further historic exploration data being compiled Compilation into ArcView along with Quaternary review and $35,000 purchase available LandSat/QuickBird Data Prospecting, Rock and Collection and analysis of 100 rock samples $215,000 Soil Sampling and 500 soil/frost boil samples Ground Geophysics Test a few selected targets with ground Program magnetic and EM surveys to better locate specific magnetic horizons and EM conductors $100,000 for further ground exploration including sampling, prospecting and future drilling TOTAL PHASE 1 $350,000 PHASE 2 Ground Geophysics & Re-establish old grids and drillhole locations Grid Re-establishment and conduct ground geophysical surveys on the Geological Mapping basis of the new airborne data prior to conducting drilling of the existing gold zones; $150,000 Geological mapping of old grids aided by recent geophysical surveys along with mapping of newly identified targets Diamond Drilling Diamond drilling 2,000 m at existing and new Sy Property targets including but not limited to $1,200,000 drilling at Jaeger, WAD, MP001 and KR-10 gold occurrences at an all up cost of $600 per meter Airborne Geophysical Further helicopter airborne geophysical surveys Survey are warranted over unflown portions of the $150,000 property to northeast, north and southwest of the current survey limits TOTAL PHASE 2 $1,500,000 50

APEX Geoscience Ltd.

Michael B. Dufresne, M.Sc., P.Geol.

Edmonton, Alberta, Canada December 4th, 2007 51

REFERENCES

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Aussant. C.H. and Davis. J.W. (1993b). Geological, Geophysical, and Geochemical Report. Unpublished Assessment Report 083221 written for Leeward Capital Corp

Aussant. C.H. and Davis. J.W. (1994). Geological, and Geophysical Report on the Angikuni/Yathkyed Project. Unpublished Assessment Report 083311 written for Leeward Capital Corp

Balog, M. (1987). The 1987 Geological, Geochemical, and Geophysical Report, Sy Program. Unpublished Assessment Report 082541 written for Homestake Mineral Development Company.

Cox, D.P. and Singer, D.A., Editors (1986). Mineral Deposit Models; U.S. Geological Survey, Bulletin 1693, 379 pages.

Comaplex Minerals Corporation Website (2007). www.comaplex.com/meliadine.htm

Cumberland Resources Ltd. Website (2007). www.cumberlandresources.com/reserves.htm

Eade, K.E. (1986). Precambrian Geology of the Tulemalu Lake-Yathkyed Lake Area, Distric of Keewatin. Geological Survey of Canada, Paper 84-11, 31 pages.

Eckstrand, O.R. (ed.) (1984). Canadian Mineral Deposit Types: A geological Synopsis. Geological Survey of Canada, Economic Geology Report 36.

Franklin, J.M., Lydon, J.W. and Sangster, J.W. (1981). Volcanic-associated Massive Sulfide Deposits. In B.J. Skinner (ed.). Economic Geology Seventy-fifth Anniversary Volume, 1905-1980. 485- 627.

Hutchinson, R.W., Spence, C.D and Franklin, J.M. (ed's) (1982). Precambrian Sulphide Deposits. Geological Association of Canada special Paper 25, H.S. Robinson Memorial Volume.

Kaminak Gold Corporation, (2007). Kaminak Options SY Gold Property to Corsa Capital Ltd. and Signs Exploration Agreement with Nunavut Tunngavik Incorporated. Corporate News Release dated July 18, 2007.

Kerswill, J.A. (1993). Models for Iron-formation-hosted Gold Deposits; in Mineral Deposit Modeling, Kirkham, R.V., Sinclair, W.D., Thorpe, R.I. and Duke, J.M., Editors, Geological Association of Canada, Special Paper 40, pages 171-200.

Lhotka, P.G. and Nesbitt, B.E. (1989). Geology of Unmineralizaed and Gold-bearing Iron Formation, – Point Lake Region, Northwest Territories, Canada. Canadian Journal of Earth Sciences Volume 26, Number 1, January, 1989, p. 46-64.

Lydon, J.W. (1988a). Volcanogenic Massive Sulphide Deposits, Part 1: A Descriptive Model. In R.G. Roberts and P.A. Sheahan (ed's). Ore deposit models. Geoscience Canada Reprint Series 3.

Lydon, J.W. (1988b). Volcanogenic Massive Sulphide Deposits, Part 2: Genetic Models. In R.G. Roberts and P.A. Sheahan (ed's). Ore deposit models. Geoscience Canada Reprint Series 3.

MacKenzie. A. (1970a). Photo-Geologic Study on Permit 176, Imikula Lake Area, Northwest Territories. Unpublished Assessment Report 060291 written for Columbia Northland Exploration Ltd. 52

MacKenzie. A. (1970b). Reconnaissance Geological Mapping, Ground Magnetometer Check, and Practical Prospecting on Permit 176. Imikula Lake Area, District of Keewatin, Northwest Territories. Unpublished Assessment Report 060293 written for Columbia Northland Exploration Ltd.

MacKenzie. A. (1972). Report on a Geophysical and Geochemical Survey and a Practical Prospecting Program on Selected Areas from Permit 176. Northwest Territories. Unpublished Assessment Report 019773 written for Columbia Northland Exploration Ltd.

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CERTIFICATE OF AUTHOR

I, Michael B. Dufresne, residing at 267 Burton Rd., Edmonton, Alberta, Canada do hereby certify that:

1. I am a principal and President of APEX Geoscience Ltd. (“APEX”), Suite 200, 9797 – 45th Avenue, Edmonton, Alberta, Canada. I am the author of the report entitled: “Technical Report On The Gold And Base Metal Potential Of The Sy Property, Nunavut, Canada”, dated December 4th, 2007, and am responsible for the preparation of the entire report.

2. I graduated with a B.Sc. in geology from University of North Carolina at Wilmington in 1983 and a M.Sc. in Economic Geology from University of Alberta in 1987.

3. I am a Professional Geologist registered with APEGGA (Association of Professional Engineers, Geologists and Geophysicists) and a ‘Qualified Person’ in relation to the subject matter of this report. I have worked as a consulting geologist for more than 20 years since my graduation from university and I have conducted and directed exploration programs, property examinations and evaluations for a number of commodities and deposit types.

4. I have not received, nor do I expect to receive, any interest, directly or indirectly, in the Sy Property and I do not hold securities of Corsa Capital Ltd.

5. To the best of my knowledge, I am not aware of any material fact or material change with respect to the subject matter of the technical report that is not reflected in the technical report, the omission to disclose which would make the technical report misleading.

6. I have read and understand National Instrument 43-101 and the Report has been prepared in compliance with the instrument. I am considered independent of the issuer as defined in Section 1.4.

7. I visited the Property that is the subject of this Report during August 29th to September 2nd, 2007 and directed exploration by APEX Geoscience Ltd. at the Property on behalf of Corsa Capital Ltd.

8. I consent to the filing of the technical report with any stock exchange and other regulatory authority and any publication by them for regulatory purposes, including electronic publication in the public company files on their websites accessible by the public, of the technical report.

Dated December 4th, 2007

Michael B, Dufresne, M.Sc., P.Geol. Signature of Qualified Person Name of Qualified Person 54

APPENDIX 1 Appendix 1a. 2007 Sy Project Sample Descriptions

Sample Date Easting_Nad83_zn14 Northing_Nad83_zn14 Lithology qtz flds ms bt amp chl pyx ol gar cbn sulph ox other Grain_Size 07DAP301 30-Aug-07 557293 6895997 Chlorite rich metsediment 20 20 20 10 fine 07DAP302 30-Aug-07 557465 6896060 BIF 10 20 10 5 25 fine 07DAP303 30-Aug-07 557629 6896332 grunerite, garnet BIF 10 35 10 10 20 med 07DAP304 30-Aug-07 582267 6916784 granodiorite 40 40 5 med to coarse

07DAP305 30-Aug-07 582226 6916744 green supracrustal green schist meta basalt 25 20 20 10 med 07DAP306 31-Aug-07 572880 6911932 rusty chl phyllite 10 10 20 25 3 fine to med 07DAP307 31-Aug-07 572887 6911940 rusty chl phyllite 5 10 20 10 5 fine to med 07DAP308 31-Aug-07 573264 6912116 green massive meta basalt 20 20 20 10 5 fine to med 07DAP309 2-Sep-07 574080 6909339 quartz veined meta-volcanic/ meta basalt 35 25 35 5 fine 07DAP311 3-Sep-07 563691 6901144 Banded iron formation 25 20 40 20 07DAP312 4-Sep-07 558399 6893773 meta-basalt 40 20 10 20 10 fine 07DAP313 4-Sep-07 558527 6893942 green apanitic meta basalt 30 20 30 20 10 fine 07DAP314 4-Sep-07 558677 6893803 blue-grey meta volcanic 40 5 fine 07DAP315 4-Sep-07 558817 6893803 gossonous chl-bt rich meta volcanic 30 20 20 20 10 fine 07DAP316 4-Sep-07 558869 6893851 bt-chl rich meta volanic 40 25 25 10 fine 07EKP300 30-Aug-07 557789 6896424 Mangled qtz/chlorite rocks gossanous BIF? 15

07EKP301 30-Aug-07 582195 6916721 Qtz-intruded/altered metavx/metaseds y y 20 coarse

07EKP302 31-Aug-07 561758 6906326 Chert dominated BIF 100

Massive py in chert-rich BIF, and associated 07EKP303 31-Aug-07 561754 6906321 with qtz veins. 100 med

07EKP304 31-Aug-07 561763 6906323 Qtz-rich BIF. 10 med

07EKP305 31-Aug-07 561754 6906315 BIF 10 med

07EKP306 2-Sep-07 569472 6907970 Basaltic metavolcanics aphanitic and uniform. y y y -1 fine

07EKP307 2-Sep-07 569489 6908000 Basaltic metavolcanics aphanitic and uniform. y y y 2 fine

07EKP308 2-Sep-07 569488 6907999 Basaltic metavolcanics. y y y 10 fine

07EKP309 2-Sep-07 569249 6907848 Metavolcanics f-spar-phyric basalt?. y y y y -2 fine

07EKP310 2-Sep-07 569181 6907921 Argillite. 10 med

07EKP311 2-Sep-07 569031 6907952 Dark green metavolcanics gabbro?. y y y 10 med

07EKP312 2-Sep-07 569013 6907960 Medium-green, nonuniform metavx andesite?. y y -5 fine

07EKP313 3-Sep-07 558828 6898252 Granitoid. 40 30 30 2 med Appendix 1a. 2007 Sy Project Sample Descriptions

Sample Date Easting_Nad83_zn14 Northing_Nad83_zn14 Lithology qtz flds ms bt amp chl pyx ol gar cbn sulph ox other Grain_Size

07EKP314 3-Sep-07 558839 6898182 BIF. 5 med

07EKP315 3-Sep-07 558829 6898176 BIF. 2 med

07EKP316 3-Sep-07 558840 6898186 BIF. 10 fine to crs

07EKP317 3-Sep-07 558838 6898188 BIF. 20 fine to crs

07EKP318 3-Sep-07 558836 6898373 Metabasalt. y y y y 3 fine

07EKP319 3-Sep-07 558924 6898579 BIF. 5 med

07EKP320 3-Sep-07 558935 6898661 Metasediments. 2 fine

07EKP321 3-Sep-07 558996 6898650 BIF. 2 fine

07EKP322 3-Sep-07 559006 6898644 BIF Si-rich. 15 crs

07EKP323 3-Sep-07 558985 6898590 BIF Si-rich. 15 crs

07EKP324 3-Sep-07 558982 6898601 Metasediments. yyyy 15

07EKP325 3-Sep-07 559009 6898694 BIF Si-rich. 5 med

07EKP326 3-Sep-07 559096 6898961 BIF. 5 fine

07EKP327 3-Sep-07 559137 6899083 BIF. 07EKP328 3-Sep-07 559132 6899079 BIF. 2

07EKP329 3-Sep-07 559227 6899164 BIF. y crs

07EKP330 3-Sep-07 559223 6899148 Metasediments. 30 y y y 5 med

07EKP331 4-Sep-07 562557 6901494 Lt-grey felsic metavolcanics. -1 fine

07EKP332 4-Sep-07 562495 6901502 Lt-grey felsic metavolcanics. 5 fine

07EKP333 4-Sep-07 562533 6901514 BIF. 2 fine

07EKP334 4-Sep-07 562466 6901698 Metasediments.

07EKP335 4-Sep-07 562377 6901475 Metasediments. 5 med

07EKP336 4-Sep-07 562376 6901472 Dark green metasediments + quartz stringers. -5 med

07EKP337 4-Sep-07 562375 6901473 Quartzite / quartz vein ? 2 crs Appendix 1a. 2007 Sy Project Sample Descriptions

Sample Date Easting_Nad83_zn14 Northing_Nad83_zn14 Lithology qtz flds ms bt amp chl pyx ol gar cbn sulph ox other Grain_Size

07EKP338 4-Sep-07 562392 6901438 Light-green quartzite ?. 90 10 2 fine

07EKP339 4-Sep-07 562181 6901591 Thinly banded dark-green metasediments. 2

07EKP340 4-Sep-07 562205 6901592 Green and white thinly banded metasediments. 5 med

07EKP341 4-Sep-07 562311 6901618 Metasediments. 10 med

07EKP342 4-Sep-07 561424 6901458 Thinly banded metasediments. 2 fine

07EKP343 6-Sep-07 569511 6907981 Dark green metabasalt. -1 fine

07EKP344 6-Sep-07 569512 6907961 Dark green metabasalt. -1 fine

07EKP345 6-Sep-07 570416 6908564 Dark grey metabasalt. 1 fine

07EKP346 6-Sep-07 570416 6908561 Granitoid. 40 30 30 med

07EKP347 6-Sep-07 570512 6908367 Rusty dark green metabasalt. fine

07EKP348 6-Sep-07 571914 6909342 Dark green metabasalt. 5 fine

07EKP349 6-Sep-07 572009 6909497 Dark grey metasediments argillite?. 15 07TGP001 30-Aug-07 557470 6896071 BIF? Metasediments? fine

07TGP002 30-Aug-07 582424 6916968 Quart Boulders vein? 90 10 massive

07TGP003 30-Aug-07 582550 6916880 metasediments fine 07TGP004 30-Aug-07 582223 6916735 metasediments/ metavolcanics? fine

07TGP005 30-Aug-07 582191 6916721 Silicious green rock fine

07TGP006 31-Aug-07 572853 6911911 Gossanous Metavolcanic fine

07TGP007 31-Aug-07 572882 6911939 Gossanous Metavolcanic fine

07TGP008 31-Aug-07 572992 6911999 Gossanous Metavolcanic fine 07TGP009 31-Aug-07 573264 6912114 Gossanous Metavolcanic fine 07TGP010 31-Aug-07 573250 6912131 Gossanous Metavolcanic fine 07TGP011 31-Aug-07 561745 6906353 Gossanous Metavolcanic fine Appendix 1a. 2007 Sy Project Sample Descriptions

Sample Date Easting_Nad83_zn14 Northing_Nad83_zn14 Lithology qtz flds ms bt amp chl pyx ol gar cbn sulph ox other Grain_Size

07TGP012 31-Aug-07 561746 6906322 Sulphide banded sucrosic silica fine

07TGP013 2-Sep-07 572959 6909417 Silicified Metavolcanic fine

07TGP014 3-Sep-07 557020 6896056 Quartz vein 95 5 fine

07TGP015 3-Sep-07 557075 6896109 BIF fine

07TGP016 3-Sep-07 557062 6896123 BIF fine 07TGP017 3-Sep-07 557091 6896142 BIF fine 07TGP018 3-Sep-07 557260 6896578 Metavolcanic fine

07TGP019 3-Sep-07 556898 6898207 Metavolcanic fine 07TGP020 3-Sep-07 563672 6901123 BIF fine

07TGP021 4-Sep-07 565322 6901863 Quartz vein 95 5 fine 07TGP022 4-Sep-07 564071 6901234 Metasediments fine 07TGP023 4-Sep-07 564092 6901232 Metasediments fine 07TGP024 4-Sep-07 564146 6901237 Metasediments fine 07TGP025 4-Sep-07 564025 6901208 Metasediments fine

07TGP026 4-Sep-07 563866 6901086 Metasediments fine 07TGP027 4-Sep-07 563861 6901073 Metasediments fine 07TGP028 4-Sep-07 563817 6901054 Metasediments fine 07TGP029 4-Sep-07 563791 6901038 Metasediments fine

07TGP030 4-Sep-07 563699 6901073 BIF fine 07TGP031 4-Sep-07 563845 6901321 Metasediments fine 07TGP032 4-Sep-07 563912 6901343 Metasediments fine 07TGP033 4-Sep-07 563938 6901356 Metasediments fine 07TGP034 4-Sep-07 563359 6900562 Metasediments fine 07TGP035 6-Sep-07 567462 6903207 granite 30 60 10 coarse

07TGP036 6-Sep-07 567416 6903281 sandstone fine

07TGP037 6-Sep-07 578260 6911940 Metasediments fine

07EKP320D 3-Sep-07 558935 6898661 Metasediments. 2 fine

07EKP340D 4-Sep-07 562205 6901592 Green and white thinly banded metasediments. 5 med 07TGP020D 3-Sep-07 563672 6901123 BIF fine Appendix 1a. 2007 Sy Project Sample Descriptions

Sample Sulfides Alteration Veining Magnetism Material Comments 07DAP301 pyrite moderate none fels low relief 07DAP302 pyrite Si low mod fels low relief 07DAP303 pyrite Si low strong outcrop composite sample of quartz veins with the grunerite-garnet BIF 07DAP304 pyrite low none outcrop small intrusion outcroping 10x5 m area boulders found in grass close to contrast between intrusive felsic granitoid and 07DAP305 pyrite moderate none fels supracrustal meta basalt 07DAP306 pyrite low none outcrop 07DAP307 pyrite none outcrop schistocity/ foliation. 07DAP308 low none fels heavily Fe oxidized patch outcroping 5x5 m area 07DAP309 pyrite mod none boulder float found in grass and low bushes. 07DAP311 mod strong o/c 07DAP312 pyrite, arsenopyite low none o/c low to medium relief. 07DAP313 pyrite low none o/c low to medium relief. 07DAP314 pyrite low none o/c 07DAP315 07DAP316 pyrite none o/c 07EKP300 50 py, 50 aspy mod Cbn, Si low none fels Sample from small patch of f/s on S side of BIF ridge. Sample from small 5m x 5m patch of subcovered f/s. Rusty rock. Metavx are host 07EKP301 75 py, 25 aspy mod Si mod weak fels rock to the E. Sample of massive pyrite from o/c of chert-rich BIF. Massive py forms a band 07EKP302 100 py mod Cbn, Si mod weak to mod o/c subparallel to banding, ~5cm thick. Outcrop is locally magnetic. Massive py band in chert-rich BIF band -5cm thick, parallel to banding. Also associated with quartz veinlets and intense iron-staining. Extent strike length of 07EKP303 100 py mod Cbn, Si mod weak to mod o/c band here is 0.5m. Sample from patch of f/s near o/c of cherty BIF with disseminated sulphides py. Composite sample. Sulphides quite abundant throughout this patch and close by 07EKP304 py mod Cbn, Si mod Si mod fels outcrop. Same location as sample SY-86-1-22-160. Sample from 10m x 10m patch of f/s 07EKP305 100 py mnr Cbn, Si low str fels BIF. Mod dissem py, also concentrated in lenses subparallel to banding. Composite sample 5 pieces from small patch of fels local bearing minor py stringers. Carbonate lens 3cm thick, but doesn't seem to be related to 07EKP306 100 py low none to weak fels mineralisation. Sample from large o/c exposed on N side of long ridge running to ENE may be 07EKP307 100 py mnr Cbn, Si low none to weak o/c coincident with conductor. Localised patch of rusty rock. Sample from same locale as 07EKP307. This sample has highly stained malachite zone and more intense sulphides. Alteration zone about 1m x 1m, in otherwise 07EKP308 100 py mod Cbn low none to weak o/c relatively unaltered rock ie. 07EKP307. Sample from large angular boulder 1m with 5cm quartz vein. Minor dissem py 07EKP309 100 py mod mod bldr throughout, + malachite staining trace associated with quartz. Sample from small 40cm exotic angular boulder. Intense rusty staining. Pyrite 07EKP310 100 py mod Cbn weak bldr concentrated between laminae, and minorly disseminated throughout. Sample from E end of small ridge. Small 2m x 2m localised gossanous patch. Sulphides disseminated, fine to med grained, with rare med-gr cpy. Seems as though host rock elsewhere ie. where not gossanous also has dissem sulphides, 07EKP311 99 py, trace cpy mod Cbn low weak to mod o/c but not as intense ie. 07EKP312. Sulphides disseminated throughout, with possible trace aspy. Slightly different 07EKP312 99 py, trace aspy. mnr Prop low weak o/c lithology less mafic than seen in 07EKP306-07EKP308. Sample from small patch of felsenmeer. Rock is relatively felsic, and has a 07EKP313 100 py low qtz mod fels gneissosity which locally varies in strength. Sulphides dissem throughout. Appendix 1a. 2007 Sy Project Sample Descriptions

Sample Sulfides Alteration Veining Magnetism Material Comments Sample from large felsenmeer patch possibly 1m south of frost boil trench. Same 07EKP314 99 py, trace aspy. mod Cbn mod str fels location as SY-86-1-22211. Sample is aligned with drill collar, so likely this is the target. Sulphides dissem 07EKP315 100 py str fels throughout. Same location as SY-86-1-22210. Composite sample from possible frost boil trench. Fine sulphides dissem 07EKP316 py, cpy ? str cbn mod gsn throughout, with coarse sulphides disseminated in bands. Juicy sample from possible frost boil sample. Sulphides coarsely concentrated in 07EKP317 90 py, 10 aspy mod cbn str gsn iron-rich bands, ~1cm thick. Boulder sample likely local at lip of ridge. Trace disseminated sulphides, + 07EKP318 100 py mnr cbn mod weak bldr sulphides concentrated near qtz vein. Gossanous rock. Small felsenmeer patch of BIF with sparse disseminated sulphides, + massive py band -1cm thick. Sulphides concentrated in iron-rich bands. Same location as SY- 07EKP319 100 py mod cbn low mod to str fels 86-1-22135. Boulder local sample. Py disseminated throughout, and sometimes in stringers 07EKP320 100 py mnr cbn mod bldr parallel to gneissosity.

Composite sample from bald-ass outcrop of BIF. Localised iron staining throughout o/c; mostly concentrated in bands but locally random too. Sulphides disseminated 07EKP321 100 py str cbn low str o/c throughout. This sample may not be that juicy because it's hard to chip the outcrop. Sample from boulder in-situ at E end of trench 5m long, trending approx due east. 07EKP322 100 py str cbn mod to str o/c Very juicy sample. Sulphides dissem throughout. Sample from local angular boulder 30cm. Intense sulphides dissem throughout. 07EKP323 100 py mnr to mod cbn mod mod bldr Intensely iron-stained. Sample from chunk of felsenmeer south of trench and riddled with disseminated 07EKP324 5 py, 95 aspy str cbn low weak to mod fels aspy. Sample from N end of bald-ass BIF outcrop at lip of ridge. Mod dissem py 07EKP325 py, ~cpy mod cbn low mod o/c throughout. Localised Fe-staining throughout, especially at this spot. Sample from small 5m x 5m patch of rusty BIF. This is along strike and 300m north 07EKP326 100 py mod cbn mod fels of 07EKP325. From heavilygossanous frost heave of BIF. No visible sulphides. Same location as 07EKP327 str cbn low str fels SY81-2-22428. 07EKP328 100 py mod cbn low str fels Small felsenmeer boulder of BIF with minor disseminated pyrite. Composite sample from rocks excavated from pit. Assume this is the target of 07EKP329 py, ~aspy, ~cpy str cbn str fels DDH SY-86-12. Rock is heavily gossanous, chloritised, and carbonatised. Sample of thinly banded metasediments. Sulphides disseminated throughout. 07EKP330 100 py str cbn low weak to mod o/c Localised Fe-staining at outcrop. Sample of Si-rich rock. Hard to tell lithology because of poor outcrop quality. 07EKP331 py none to weak fels Scattered very fine grains of py. Sample from very small exposed patch of rusty rock. Hard to tell lithology, but fairly 07EKP332 100 py mod si weak fels felsic and uniform. Py stringers and fine grains disseminated throughout. Rusty BIF at E end of ridge lip. Py disseminated throughout. This is about 20m E of 07EKP333 100 py mod cbn low weak to mod fels bald-ass o/c of BIF along strike. Sample from rusty-stained patch of large at least 100mx100m o/c of metaseds 07EKP334 mod cbn weak o/c trending ENE-WSW. No visible sulphides. Boulder very rusty from dug out outcrop. Po stringers, sulphides disseminated 07EKP335 py, ~po str cbn weak to mod o/c throughout. Sample from excavated rock pit 1m deep. Not really juicy, but very rusty. Pyrite 07EKP336 100 py str cbn weak to mod o/c disseminated throughout. Sample of quartzite or possible quartz vein from boulder lying outside of excavated 07EKP337 100 py none to weak bldr pit. Pyrite concentrated in local clusters. Appendix 1a. 2007 Sy Project Sample Descriptions

Sample Sulfides Alteration Veining Magnetism Material Comments Sample from 10m x 10m patch of felsenmeer. Vefy fine pyrite disseminated 07EKP338 100 py none fels throughout host rock.

Sample from 3m x 3m rusty parch in well exposed outcrop. Sulphides randomly 07EKP339 100 py str cbn weak o/c concentrated in localised clusters. Rock has very high specific gravity.

Composite sample from small 5m x 5m patch of rusty felsenmeer. Intensely Fe- 07EKP340 100 py str cbn weak fels stained. Rock is relatively dense. Pyrite locally concentrated as agglomerates.

Sample from local boulder in felsenmeer patch. Highly Fe-stained. Pyrite littered throughout, and especially concentrated in Si-rich band of rock. A couple of other 07EKP341 100 py str cbn weak fels patches of rock similar to this in vicinity. Close to SY-86-1-20009.

07EKP342 100 py mnt cbn none to weak fels Sample from rusty weathering felsenmeer patch. Pyrite disseminated throughout.

Sample from felsenmeer patch atop slight ridge. Only trace disseminated pyrite. 07EKP343 100 py none fels Seems to be local to this patch of rock ie. not pervasive throughout the outcrop. Sample from small area of rusty rock associated with 5cm quartz vein. Trace pyrite 07EKP344 100 py mod cbn mod qtz mod qtz o/c in stringers. Not very juicy looking.

At conductor point 111. This sample is from exotic rusty boulder of metavolcanics 07EKP345 100 py low none bldr surrounding lithology is granitoid. Trace disseminated pyrite. Not very juicy. From conductor point 111. There is nothing juicy about this sample - just testing 07EKP346 none fels the lithology since this is a conductor high.

Sample from minor irregular band of rusty staining that runs ~50m north from lake 07EKP347 mnr cbn weak o/c up to ridge crest. Localised patches of iron-staining, ~30cm. No visible sulphides. Sample from local boulder. Sulphides randomly disseminated throughout, and 07EKP348 100 py none bldr concentrated on fracture faces. Sample very juicy. From havily iron-stained outcrop at the lip of ridge. Metasediments are mudstone, and banded in places. Same location as SY-87-1- 07EKP349 100 py mod cbn mod o/c 27510. 07TGP001 py, aspy hydrothermal low weak outcrop? Possible contact with mudstones Large quatrz boulders possibly blown up, surrounded by granitic rocks and ~ 50 m 07TGP002 py, cpy, gal moderate Vein? from green phyllite outcrop Iron stained metasediments, between granitic intrusion hosting large quartz vein 07TGP003 py low none Boulder sample 07TGP002 to the NW and basalt to the SE 07TGP004 py low none Outcrop? Iron stained metavolcanics/metasediments, near contact with felsic intrusion Iron stained pyrite, chalcopyrite, sphalerite bearing silicious fine green rock, 07TGP005 py, cpy, sp low low Boulder possible contact between green metaseds and felsic intrusion

NE Striking elongated Iron stained boulder outcrop?, north of large outcrop of fine 07TGP006 py moderate moderate Outcrop? grained green volcanics, along north edge of large NE trending ridge in low area Iron stained boulder ~ 25 metres NE of 07TGP006, on north side of NE trending 07TGP007 py, po moderate ridge, in low area

07TGP008 py low Iron stained green-grey metavolcanics, near contact with intrusives to the west 07TGP009 py low Iron stained fine grained, green metavolcanics, in low area near ridge 07TGP010 py, po moderate Iron stained fine grained, green metavolcanic cobbles in frost boil, in on ridge 07TGP011 py, po Si moderate weak Silicified light grey volcanic bolder on ridge Appendix 1a. 2007 Sy Project Sample Descriptions

Sample Sulfides Alteration Veining Magnetism Material Comments Sulphide banded sucruosic chert boulder in grassy area just south of sample 07TGP012 py Si strong weak 07EK305 In large open marshy area with abundent lakes and ponds, scattered small boulder occurences of green metavolcanic to phyllite, same composition as small 07TGP013 py Si weak weak boulder outcropings in area . Not much for frost boils in the area. Quartz vein in outcrop of iron stained, highly silicified, light grey metasediments. 07TGP014 py weak felsmeer Abundent boulders and frost boils surrounding Iron stained BIF in blast hole /trench trending EW ~20 metres in length, ~3 metres 07TGP015 py Si low strong outcrop wide Iron stained BIF in blast hole /trench trending EW ~20 metres in length, ~3 metres 07TGP016 py Si strong outcrop wide old sample location flagging, no tag or identifiers 07TGP017 py, po Si moderate strong outcrop Iron stained BIF old sample 13E-D 07TGP018 py Si low none outcrop on southwest bank of small lake boulder of very fine grained green metavolcaincs on large outcrop of granite, very 07TGP019 py Si moderate weak boulder few mixed in with granitic boulders 07TGP020 py Si moderate strong outcrop Ironstained metasediment in BIF, duplicate sample 07TGP020D Quartz vein in outcrop of iron stained, highly silicified metasediments, felsmeer 07TGP021 py Si moderate weak felsmeer ~25m diameter 07TGP022 py Si moderate weak felsmeer Iron stained metasediments on small felsmeer, few small patches surrounding 07TGP023 py Si moderate weak felsmeer Iron stained silicifired metasediments in felsmeer 07TGP024 py Si low strong felsmeer Iron stained silicifired metasediments in felsmeer 07TGP025 py Si moderate moderate felsmeer Iron stained silicifired metasediments in felsmeer Iron stained silicifired metasediments on northeast extension of outcrop around 07TGP026 py Si moderate weak outcrop small pond 07TGP027 py Si moderate weak outcrop Iron stained silicifired metasediments in outcrop around small pond 07TGP028 py Si moderate weak outcrop Iron stained silicifired metasediments in outcrop around small pond 07TGP029 py Si moderate weak outcrop Iron stained silicifired metasediments in outcrop around small pond Magnetite layer of BIF outcrop outcrop ~50m x 25m, striking NE, surrounded by 07TGP030 py Si moderate strong outcrop marshy flat land with scattered felsmeers 07TGP031 py Si moderate weak outcrop Iron stained metasediments on small felsmeer ~25m diameter 07TGP032 py Si moderate weak felsmeer Iron stained metasediments on small felsmeer ~25m diameter 07TGP033 py Si moderate weak felsmeer Iron stained silicified metasediments on small felsmeer ~10m diameter 07TGP034 py Si moderate weak felsmeer Iron stained metasediments on small felsmeer ~50m diameter 07TGP035 K moderate weak outcrop Iron stained, potassic altered granite in large granite outcrop ~200m length Abundent boulders of purple sandstone with rip up clasts in felsmeer with granite 07TGP036 low none felsmeer boulders

07TGP037 Si moderate strong felsmeer Iron stained silicifired metasediments in felsmeer near corner post of new claims Duplicate of 07EKP320. Boulder local sample. Py disseminated throughout, and 07EKP320D 100 py mnr cbn mod bldr sometimes in stringers parallel to gneissosity. Duplicate of 07EKP340. Composite sample from small 5m x 5m patch of rusty felsenmeer. Intensely Fe-stained. Rock is relatively dense. Pyrite locally 07EKP340D 100 py str cbn weak fels concentrated as agglomerates. 07TGP020D py Si moderate strong outcrop Duplicate sample of 07TGP020D Appendix 1b. 2007 Sy Project Rock Sample Geochemistry

SAMPLE # Au ppb Au1 ppb Au g t Au1 g t File Name ELEMENT Ag Al As Au B Ba Bi Ca Cd Co Cr Cu Fe Ga Hg SAMPLES PPM percent PPM PPB PPM PPM PPM percent PPM PPM PPM PPM percent PPM PPM SampleID Au_ppb Au1_ppb Au_ppm Au1_ppm Au_Final_ppb Au_Final_ppm File Element Ag_PPM Al_percent As_PPM Au_PPB B_PPM Ba_PPM Bi_PPM Ca_percent Cd_PPM Co_PPM Cr_PPM Cu_PPM Fe_percent Ga_PPM Hg_PPM 07TGP001 >3000 5.38 5380 5.38 S25563 07TGP001 3.9 1.33 2.5 >5000.0 <20 23 1.2 0.27 <0.1 13.6 226 151.6 17.9 4 <0.01 07TGP002 2980 5.42 4.42 4920 4.92 S25563 07TGP002 46.1 0.18 106.3 3095.9 <20 78 89.7 0.19 8 2.5 274 253.1 3.58 <1 <0.01 07TGP003 40 40 0.04 S25563 07TGP003 0.1 2.13 993 14 <20 112 0.5 0.24 <0.1 36.5 250 246.7 5.48 9 <0.01 07TGP004 50 50 0.05 S25563 07TGP004 0.4 2.41 10.6 8.5 <20 66 0.3 0.21 <0.1 34.4 274 376.3 11.51 11 <0.01 07TGP005 35 55 45 0.045 S25563 07TGP005 1.3 1.06 4.9 15.4 <20 6 0.3 0.14 70.6 93.6 213 1902.7 14.68 5 0.16 07TGP006 25 25 0.025 S25563 07TGP006 1.2 2.23 1.2 357 <20 53 1.6 1.17 10.8 88.2 216 582.9 14.58 8 0.1 07TGP007 25 25 0.025 S25563 07TGP007 0.4 2.12 0.9 4.5 <20 18 1.6 0.47 8.8 109.3 243 1322.7 12.04 11 0.08 07TGP008 10 10 0.01 S25563 07TGP008 0.2 0.63 0.6 2.8 <20 5 0.4 0.34 9.5 52 383 242.9 6.92 3 0.08 07TGP009 <5 -5 -0.005 S25563 07TGP009 0.3 0.94 0.6 3.9 <20 6 0.6 0.48 0.4 42.9 207 409.7 7.71 6 <0.01 07TGP010 10 10 0.01 S25563 07TGP010 0.4 2.05 0.7 2.9 <20 53 0.6 0.17 0.2 32.5 250 646.7 8.37 11 0.01 07TGP011 30 30 0.03 S25563 07TGP011 0.3 0.2 16.6 17.1 <20 4 <0.1 0.09 <0.1 21.3 187 94.5 11.18 1 <0.01 07TGP012 >3000 8.23 8230 8.23 S25563 07TGP012 2 0.41 17.3 >5000.0 <20 5 0.2 4.21 <0.1 54.6 319 300.3 15.25 3 0.03 07TGP013 15 15 0.015 S25563 07TGP013 <0.1 2.62 1.5 <0.5 <20 92 <0.1 0.97 <0.1 39.6 70 101 7.62 10 <0.01 07TGP014 65 65 0.065 S25563 07TGP014 0.5 0.02 20.8 41 <20 4 <0.1 0.08 <0.1 38.6 643 24.2 8.16 <1 <0.01 07TGP015 60 65 62.5 0.0625 S25563 07TGP015 2.5 0.65 3 62.2 <20 32 3.3 0.17 28.5 146.7 195 561.8 15.3 4 <0.01 07TGP016 65 65 0.065 S25563 07TGP016 1.3 0.42 1.6 63.1 <20 16 1 0.3 <0.1 278.6 315 103.9 13.42 2 <0.01 07TGP017 75 100 87.5 0.0875 S25563 07TGP017 0.7 2.54 11.6 138.9 <20 26 1.3 0.74 4 92 302 291.5 13.21 9 <0.01 07TGP018 <5 -5 -0.005 S25563 07TGP018 <0.1 2.56 4.6 <0.5 <20 181 <0.1 2.15 <0.1 31.6 220 45.7 3.37 6 <0.01 07TGP019 <5 -5 -0.005 S25563 07TGP019 <0.1 3.45 22.7 <0.5 <20 10 <0.1 1.77 0.2 54.9 170 160.2 6.96 7 <0.01 07TGP020 5 5 0.005 S25563 07TGP020 0.3 1.92 2.6 3 <20 383 0.3 0.3 <0.1 7.8 189 12.5 28.28 10 <0.01 07TGP021 15 15 0.015 S25563 07TGP021 <0.1 1.59 9 11.8 <20 6 <0.1 0.08 <0.1 6.4 387 45.2 3.32 6 <0.01 07TGP022 5 5 0.005 S25563 07TGP022 <0.1 1.42 2.4 2.1 <20 99 0.2 0.98 <0.1 25 163 45.4 4.48 5 <0.01 07TGP023 55 55 0.055 S25563 07TGP023 1.3 0.97 6.4 24.4 <20 14 1.3 0.88 0.1 88.7 264 545.8 20.56 3 <0.01 07TGP024 <5 -5 -0.005 S25563 07TGP024 0.1 1.59 1.4 3.5 <20 317 0.3 1.03 <0.1 31.6 220 153.8 3.88 5 <0.01 07TGP025 5 <5 5 0.005 S25563 07TGP025 0.4 1.46 1 6 <20 35 0.2 1.63 0.1 12.9 284 55.9 5.93 5 <0.01 07TGP026 10 10 0.01 S25563 07TGP026 1.8 1.54 6.9 16 <20 13 1.2 1.18 0.1 226.5 176 376.5 14.15 6 <0.01 07TGP027 10 10 0.01 S25563 07TGP027 1 1.2 1.5 8.9 <20 45 0.5 1.16 <0.1 67.3 107 102.5 5.55 4 <0.01 07TGP028 <5 -5 -0.005 S25563 07TGP028 0.3 2.24 1.5 2 <20 172 0.2 0.67 <0.1 32.4 234 100.6 5.9 9 <0.01 07TGP029 10 10 0.01 S25563 07TGP029 0.7 3.81 4.1 6.2 <20 29 0.6 0.6 <0.1 55.4 198 184.2 7.93 16 <0.01 07TGP030 <5 -5 -0.005 S25563 07TGP030 <0.1 1.63 <0.5 0.6 <20 311 <0.1 0.25 <0.1 7.4 158 8.5 24.93 10 <0.01 07TGP031 5 5 0.005 S25563 07TGP031 0.3 4.06 1.1 2.5 <20 138 0.4 0.22 <0.1 23.1 188 133.9 9.05 13 <0.01 07TGP032 5 5 0.005 S25563 07TGP032 <0.1 2.78 0.5 0.6 <20 143 0.2 0.17 <0.1 9.9 174 36.8 6.01 9 <0.01 07TGP033 10 10 0.01 S25563 07TGP033 0.4 2.62 0.7 3.5 <20 214 0.3 0.18 <0.1 11.9 184 66.3 6.59 11 <0.01 07TGP034 10 10 0.01 S25563 07TGP034 0.7 2.28 0.9 5.9 <20 147 0.5 1.1 0.1 4.8 280 76.6 6.1 7 <0.01 07TGP035 <5 10 5 0.005 S25563 07TGP035 <0.1 0.33 3.6 0.7 <20 14 0.5 0.04 <0.1 0.8 112 8.3 1.06 3 <0.01 07TGP036 <5 -5 -0.005 S25563 07TGP036 <0.1 0.43 3.7 <0.5 <20 2388 0.4 3.08 0.2 23.5 193 8.5 3.37 2 <0.01 07TGP037 10 10 0.01 S25563 07TGP037 <0.1 3.33 115.2 15.8 <20 55 <0.1 0.23 <0.1 49 130 107.8 8.72 11 <0.01 07DAP301 430 430 0.43 S25563 07DAP301 3.7 0.17 32.6 387.1 <20 113 3.8 0.37 0.5 11.5 743 28.1 3.93 1 <0.01 07DAP302 1300 1300 1.3 S25563 07DAP302 0.1 2.69 2.2 399.6 <20 72 0.2 2.19 0.2 4.7 306 41.4 8.96 7 <0.01 07DAP303 170 170 0.17 S25563 07DAP303 0.4 0.78 40.2 98.6 <20 11 0.5 0.58 <0.1 7.6 346 111.2 5.07 2 <0.01 07DAP304 15 15 0.015 S25563 07DAP304 <0.1 0.15 29.6 7.8 <20 26 0.6 2.46 <0.1 7.7 79 4.8 1.55 1 <0.01 07DAP305 310 310 0.31 S25563 07DAP305 0.3 0.93 7.8 1374.1 <20 8 0.3 0.18 1.4 79.9 320 563.6 12.62 5 <0.01 07DAP306 40 40 0.04 S25563 07DAP306 0.7 3.08 0.8 2.6 <20 13 1.1 0.21 1.5 14.7 401 1619.7 17.58 16 0.08 07DAP307 30 30 0.03 S25563 07DAP307 0.5 2.42 0.8 10.6 <20 5 2.1 1.06 15.5 139.4 228 457.9 19.6 9 0.08 07DAP308 20 35 27.5 0.0275 S25563 07DAP308 0.4 0.66 0.5 5.3 <20 6 0.8 0.68 0.8 93 272 999 9.39 4 <0.01 07DAP309 10 10 0.01 S25563 07DAP309 <0.1 3.76 17 4.2 <20 31 0.1 10.13 0.2 48.5 298 110.3 6.22 10 <0.01 07DAP311 15 15 0.015 S25563 07DAP311 0.8 2.3 1.4 13.2 <20 22 0.7 0.14 <0.1 8.7 155 51.7 7.04 7 <0.01 07DAP312 5 5 0.005 S25563 07DAP312 <0.1 2.37 <0.5 <0.5 <20 32 <0.1 2.32 <0.1 30.7 94 111.3 4.47 8 <0.01 07DAP313 25 25 0.025 S25563 07DAP313 <0.1 1.09 6.5 14.3 <20 24 0.7 1.62 <0.1 58.8 158 310.6 3.56 4 <0.01 07DAP314 <5 -5 -0.005 S25563 07DAP314 <0.1 2.22 0.6 <0.5 <20 11 0.1 2.5 0.1 21.2 93 41 8.58 16 <0.01 07DAP315 10 10 0.01 S25563 07DAP315 0.1 1.06 0.9 1 <20 58 0.3 2.07 <0.1 50.5 92 306.4 3.91 5 <0.01 07DAP316 10 10 0.01 S25563 07DAP316 0.1 1.61 <0.5 0.6 <20 15 0.2 2.1 0.1 42.6 51 126.2 5.25 8 <0.01 07EKP300 280 280 0.28 S25563 07EKP300 0.6 2.31 83.6 431.4 <20 14 1 0.21 <0.1 44.9 244 557.9 18.14 8 <0.01 07EKP301 20 20 0.02 S25563 07EKP301 0.4 3.21 2.4 3.3 <20 11 0.3 0.3 2.3 67.7 311 492.7 15.22 11 <0.01 07EKP302 90 90 0.09 S25563 07EKP302 0.3 0.85 4.8 222.7 <20 4 0.9 0.08 <0.1 126.2 223 74 35.49 3 <0.01 07EKP303 >3000 8.47 8470 8.47 S25563 07EKP303 2.9 0.8 128.6 >5000.0 <20 2 0.6 1.14 <0.1 82.8 305 321.2 24.97 4 0.05 07EKP304 130 130 0.13 S25563 07EKP304 0.4 0.31 4.8 62.5 <20 7 <0.1 0.13 0.4 13.6 181 129 9.69 1 <0.01 07EKP305 230 230 0.23 S25563 07EKP305 0.8 0.36 19 120.8 <20 7 0.3 0.07 <0.1 51.4 349 152.7 21.87 2 0.02 07EKP306 10 10 0.01 S25563 07EKP306 <0.1 1.93 <0.5 4.3 <20 13 <0.1 1.37 <0.1 16.3 119 88.9 1.82 4 <0.01 07EKP307 10 10 0.01 S25563 07EKP307 <0.1 1.75 0.8 1.9 <20 20 <0.1 1.73 <0.1 20.9 163 119.8 2.55 3 <0.01 07EKP308 10 10 0.01 S25563 07EKP308 0.3 1.67 0.7 4.2 <20 7 <0.1 2.15 0.3 28.4 146 1003.8 3.35 3 <0.01 07EKP309 15 15 0.015 S25563 07EKP309 <0.1 3.42 2.4 4.4 <20 399 <0.1 2.55 0.1 28.8 133 32.7 5.77 12 <0.01 07EKP310 15 15 0.015 S25563 07EKP310 0.3 1.64 1.1 0.7 <20 18 0.5 0.2 2.6 59.1 186 342.2 12.02 6 0.03 07EKP311 5 5 0.005 S25563 07EKP311 1.3 1.63 0.7 4.7 <20 67 <0.1 0.55 0.3 47.6 408 1358.2 3.9 4 <0.01 07EKP312 <5 <5 -5 -0.005 S25563 07EKP312 <0.1 2.66 2.5 2 <20 26 <0.1 1.39 <0.1 31.9 46 237.1 5.22 6 <0.01 Appendix 1b. 2007 Sy Project Rock Sample Geochemistry

SampleID Au_ppb Au1_ppb Au_ppm Au1_ppm Au_Final_ppb Au_Final_ppm File Element Ag_PPM Al_percent As_PPM Au_PPB B_PPM Ba_PPM Bi_PPM Ca_percent Cd_PPM Co_PPM Cr_PPM Cu_PPM Fe_percent Ga_PPM Hg_PPM 07EKP313 560 560 0.56 S25563 07EKP313 0.3 0.36 3.4 47.4 <20 106 0.6 1.17 <0.1 18.4 192 55.3 1.42 2 <0.01 07EKP314 200 200 0.2 S25563 07EKP314 0.5 1.92 5947 275 <20 46 0.7 1.24 0.2 10.2 225 46.7 13.85 6 <0.01 07EKP315 95 95 0.095 S25563 07EKP315 0.2 2.01 18.6 38.1 <20 6 0.3 1.35 0.1 2.4 195 61 8.19 6 <0.01 07EKP316 >3000 4.53 4530 4.53 S25563 07EKP316 1.7 0.25 9236.9 2334.6 <20 15 1.5 0.33 0.5 5.8 262 294.4 19.52 1 <0.01 07EKP317 >3000 8.88 8880 8.88 S25563 07EKP317 6.7 0.08 >10000.0 >5000.0 <20 10 2.6 0.18 1.3 13.9 197 455.4 25.74 <1 <0.01 07EKP318 2290 2290 2.29 S25563 07EKP318 0.3 1.56 5226 1173.6 <20 150 0.6 0.48 <0.1 22.8 180 58.1 4.4 7 <0.01 07EKP319 190 190 0.19 S25563 07EKP319 0.5 1.48 343.7 105.9 <20 47 0.8 1.28 0.1 12.7 317 59 6.2 5 <0.01 07EKP320 35 35 0.035 S25563 07EKP320 0.1 2.93 79.6 12.4 <20 139 0.3 0.21 <0.1 12.8 85 79.7 5.93 9 <0.01 07EKP321 35 35 0.035 S25563 07EKP321 0.5 0.41 5.6 17 <20 28 0.3 0.66 0.3 4.1 384 49.4 22.57 3 <0.01 07EKP322 990 1.23 1230 1.23 S25563 07EKP322 1.6 0.63 6.4 1695.9 <20 2 1 0.44 0.2 11.9 127 329.6 18.15 3 <0.01 07EKP323 85 85 0.085 S25563 07EKP323 0.4 4.61 1742.1 84.5 <20 33 0.6 0.31 <0.1 18.7 179 153.6 15.83 15 <0.01 07EKP324 150 150 0.15 S25563 07EKP324 0.3 4.04 >10000.0 161.8 <20 256 1.5 0.54 0.1 26.9 156 7.8 9.32 14 <0.01 07EKP325 15 15 0.015 S25563 07EKP325 0.6 0.71 26.8 10.4 <20 96 0.2 0.54 0.2 5.2 220 52.4 20.15 5 <0.01 07EKP326 1980 1980 1.98 S25563 07EKP326 1.2 1.73 33.4 1859.9 <20 91 0.3 0.82 0.1 5.2 114 56.7 8.7 7 <0.01 07EKP327 1300 1300 1.3 S25563 07EKP327 0.4 0.63 6.2 1173 <20 22 0.1 0.55 <0.1 1.2 203 21.3 23.22 4 <0.01 07EKP328 1800 1800 1.8 S25563 07EKP328 1.3 0.88 10.6 1325.4 <20 2 0.8 0.39 0.2 7.7 115 139.7 11.88 4 <0.01 07EKP329 110 110 0.11 S25563 07EKP329 0.6 1.92 3407.2 71.2 <20 62 0.7 0.54 <0.1 12.6 379 250.2 9.02 6 <0.01 07EKP330 25 25 0.025 S25563 07EKP330 1.3 3.93 5.4 14.5 <20 53 0.5 0.51 0.2 18.7 174 465.2 9.51 15 <0.01 07EKP331 15 15 0.015 S25563 07EKP331 <0.1 0.61 10 11.2 <20 67 0.1 1.89 0.1 4.6 137 12.5 1.07 3 <0.01 07EKP332 15 10 12.5 0.0125 S25563 07EKP332 0.2 1.19 9.3 3.3 <20 98 0.6 0.26 <0.1 42.9 95 176 3.88 4 <0.01 07EKP333 10 10 0.01 S25563 07EKP333 0.1 2.42 3.5 1.5 <20 244 0.2 0.19 <0.1 26.4 299 79.8 4.03 9 <0.01 07EKP334 20 20 0.02 S25563 07EKP334 0.1 2.73 159.1 8.6 <20 275 0.2 0.18 <0.1 22.6 159 65.9 4.28 10 <0.01 07EKP335 40 40 0.04 S25563 07EKP335 <0.1 6.33 1.2 65.4 <20 322 <0.1 1.01 <0.1 8.6 97 5.1 14.04 20 <0.01 07EKP336 30 30 0.03 S25563 07EKP336 0.1 4.46 3 18.9 <20 329 0.1 1.44 <0.1 8.7 91 31 11.37 13 <0.01 07EKP337 160 160 0.16 S25563 07EKP337 <0.1 0.21 4 56.9 <20 6 <0.1 1.76 <0.1 1.7 316 33.4 2.15 <1 <0.01 07EKP338 <5 -5 -0.005 S25563 07EKP338 <0.1 0.43 3.2 <0.5 <20 81 0.3 1.23 <0.1 6.9 50 2 0.77 2 <0.01 07EKP339 620 620 0.62 S25563 07EKP339 0.4 3.82 4.3 497.8 <20 101 2.8 0.53 <0.1 5.4 239 107.3 9.55 15 <0.01 07EKP340 680 680 0.68 S25563 07EKP340 0.5 2.12 218.4 1089 <20 118 0.6 0.44 <0.1 3.2 115 56.8 14.32 8 <0.01 07EKP341 1770 1770 1.77 S25563 07EKP341 0.5 2.29 18.9 1115.5 <20 271 0.3 0.49 <0.1 5.6 443 89.6 5.37 9 <0.01 07EKP342 20 15 17.5 0.0175 S25563 07EKP342 0.1 2.62 20.1 8 <20 401 0.3 0.23 <0.1 21.3 231 76.3 4.16 11 <0.01 07EKP343 15 15 0.015 S25563 07EKP343 <0.1 3.92 2 1.5 <20 38 <0.1 2.31 <0.1 25.3 148 89.7 3.16 7 <0.01 07EKP344 5 5 0.005 S25563 07EKP344 <0.1 2.09 <0.5 1.2 <20 10 <0.1 3.42 0.2 46.4 130 402.9 4.4 4 <0.01 07EKP345 15 15 0.015 S25563 07EKP345 <0.1 3.8 3 3.5 <20 420 0.4 0.38 <0.1 26.6 365 15.7 5.58 14 <0.01 07EKP346 5 5 0.005 S25563 07EKP346 <0.1 0.91 0.8 1.5 <20 99 <0.1 0.43 <0.1 4.8 209 7.3 1.01 4 <0.01 07EKP347 20 20 0.02 S25563 07EKP347 <0.1 2.69 <0.5 2.2 <20 4 <0.1 1.07 0.2 54.4 228 468.7 5.49 5 <0.01 07EKP348 10 10 0.01 S25563 07EKP348 <0.1 1.44 4.8 1.8 <20 30 <0.1 0.66 <0.1 17.7 74 130.7 2.27 3 <0.01 07EKP349 75 75 0.075 S25563 07EKP349 0.7 1.06 5.1 1.6 <20 19 1 0.21 13.2 80.6 90 1322.6 12.94 4 0.18 Appendix 1b. 2007 Sy Project Rock Sample Geochemistry

SAMPLE # KLaMgMnMoNaNiPPbSSbScSeSrTeThTiTlUVWZn percent PPM percent PPM PPM percent PPM percent PPM percent PPM PPM PPM PPM PPM PPM percent PPM PPM PPM PPM PPM SampleID K_percent La_PPM Mg_percent Mn_PPM Mo_PPM Na_percent Ni_PPM P_percent Pb_PPM S_percent Sb_PPM Sc_PPM Se_PPM Sr_PPM Te_PPM Th_PPM Ti_percent Tl_PPM U_PPM V_PPM W_PPM Zn_PPM 07TGP001 0.09 7 0.51 266 1.2 0.017 34.9 0.043 6.2 8.11 0.1 1.2 1.9 7 2 0.3 0.014 0.1 0.4 12 5.6 36 07TGP002 0.11 7 0.07 68 0.9 0.016 10.3 0.017 19700 3.75 2.4 0.1 18.3 27 30 2.4 0.004 0.2 0.5 <2 0.4 70 07TGP003 0.61 10 1.28 338 2 0.069 89.4 0.055 4.5 1.11 0.6 12.2 1.6 12 <1 3.5 0.096 0.1 0.7 124 0.6 54 07TGP004 0.05 11 1.95 559 3 0.012 60 0.063 40.1 3.07 0.3 8.1 5.8 10 <1 3.1 0.127 <0.1 1.1 90 1.3 152 07TGP005 0.01 5 0.78 377 2 0.009 196 0.024 6.1 9.6 0.2 4.9 12.7 4 1 1.4 0.049 <0.1 0.3 68 0.9 5367 07TGP006 0.15 7 1.12 871 2.5 0.012 65.8 0.035 23.8 5.95 0.2 4.5 11 17 2 1.6 0.115 0.2 0.3 58 0.2 3893 07TGP007 0.05 7 1.53 615 5.6 0.02 108.3 0.039 10 6.12 <0.1 5.7 11 7 2 3 0.06 0.2 0.5 30 0.2 3246 07TGP008 0.01 2 0.43 325 1.9 0.009 42.8 0.007 5.7 3.47 <0.1 2.4 6.5 3 <1 0.5 0.025 <0.1 0.1 26 0.1 1909 07TGP009 0.02 7 0.68 337 39.8 0.057 38 0.036 5.6 3.28 0.1 2.5 7.2 11 <1 3.2 0.138 <0.1 0.7 35 0.3 153 07TGP010 0.05 2 1.34 597 6.7 0.028 30.6 0.037 6.8 2.67 <0.1 6 8.9 8 <1 2.1 0.222 <0.1 0.6 85 0.2 100 07TGP011 <0.01 <1 0.31 2125 0.8 0.002 14.9 0.009 5.8 3.33 0.5 1.2 1.8 1 <1 0.1 0.002 <0.1 <0.1 3 0.5 46 07TGP012 <0.01 1 1.39 3355 4.8 0.003 38.3 0.06 42.2 >10.00 5.2 2.1 9.1 30 <1 2.2 0.004 <0.1 0.2 35 0.4 33 07TGP013 0.21 1 1.73 1044 0.8 0.079 39.6 0.056 0.8 0.24 0.3 5.7 0.7 24 <1 0.1 0.436 <0.1 <0.1 166 0.2 97 07TGP014 0.02 <1 0.03 96 66.2 0.008 25 <0.001 2.9 7.66 0.1 0.1 1.2 2 <1 <0.1 0.002 <0.1 <0.1 3 0.2 13 07TGP015 0.2 8 0.52 167 22.2 0.082 475.5 0.031 11.6 9.68 0.2 6.6 9 12 2 3.1 0.033 0.1 0.7 9 0.7 4225 07TGP016 0.04 3 0.04 149 3.4 0.099 119.3 0.022 3.1 9.43 0.1 0.7 1.8 18 1 0.8 0.028 <0.1 0.4 6 0.6 6 07TGP017 0.15 9 1.23 512 8.7 0.1 107 0.044 8.3 >10.00 0.2 5 7.8 34 1 3.6 0.06 <0.1 0.8 34 1.4 1260 07TGP018 0.06 3 2.12 510 0.4 0.125 133 0.033 0.8 0.41 <0.1 4.2 <0.5 26 <1 0.4 0.07 <0.1 <0.1 60 0.2 50 07TGP019 0.03 <1 2.22 1402 0.2 0.034 106.2 0.039 1.1 0.25 0.5 5.2 0.9 22 <1 <0.1 0.432 <0.1 <0.1 113 0.2 93 07TGP020 1.03 9 0.95 368 1.1 0.025 26.1 0.114 1.3 1.13 <0.1 4.8 <0.5 12 <1 1.8 0.127 0.5 0.3 48 0.2 67 07TGP021 0.01 3 1.26 293 1.2 0.002 22.5 0.026 9.1 0.19 <0.1 2.2 <0.5 2 <1 0.4 0.015 <0.1 0.1 25 0.2 104 07TGP022 0.43 7 0.8 668 1.3 0.11 58.5 0.057 2.4 0.94 <0.1 4.1 <0.5 23 <1 1.2 0.152 0.2 0.1 101 0.9 77 07TGP023 0.1 5 0.47 521 8.1 0.073 625 0.044 3.3 >10.00 <0.1 2.7 5.2 15 <1 0.6 0.056 <0.1 1 37 5.1 36 07TGP024 0.61 8 0.9 532 2.1 0.102 85.4 0.059 1.8 0.64 <0.1 4 1.1 21 <1 1.3 0.189 0.2 0.2 92 0.3 50 07TGP025 0.16 6 0.81 1051 1.3 0.12 39.4 0.053 8.9 0.19 <0.1 4.6 0.6 30 <1 1.1 0.177 <0.1 0.1 70 0.3 54 07TGP026 0.08 3 0.93 683 2.1 0.077 120.8 0.046 15.2 9.21 0.6 4.6 4.4 14 <1 0.7 0.193 <0.1 <0.1 64 0.5 49 07TGP027 0.21 5 0.68 540 1.3 0.094 53.6 0.055 1.5 3.01 <0.1 4.8 1.8 11 <1 0.5 0.125 <0.1 <0.1 52 1.2 53 07TGP028 1.35 4 1.43 685 0.8 0.116 54.6 0.059 2.5 1.02 <0.1 6.6 0.6 13 <1 0.7 0.352 0.6 0.1 170 0.3 128 07TGP029 2.22 9 2.42 709 1 0.139 75.1 0.087 2.7 1.98 <0.1 11.8 1.2 27 <1 1.2 0.315 0.8 0.5 206 0.7 136 07TGP030 1.13 10 0.97 331 0.6 0.021 28 0.08 1 0.12 <0.1 2.8 <0.5 13 <1 1.6 0.096 0.3 0.4 52 0.1 54 07TGP031 1.2 8 1.85 492 1.3 0.019 58.8 0.086 17.8 0.64 <0.1 9.1 <0.5 5 <1 4.3 0.173 0.3 0.9 86 <0.1 182 07TGP032 0.55 6 1.3 309 1.8 0.045 49.3 0.046 1.8 0.19 <0.1 4.5 <0.5 12 <1 4.2 0.096 0.2 0.6 55 0.1 90 07TGP033 1.21 10 1.49 393 1.8 0.032 45.1 0.06 2.1 0.75 <0.1 5.3 <0.5 9 <1 4.4 0.129 0.5 0.8 74 0.9 81 07TGP034 0.76 8 0.9 530 1.2 0.163 25.4 0.06 4 1.12 <0.1 2.3 0.7 61 <1 2.4 0.112 0.3 0.5 39 0.1 52 07TGP035 0.12 32 0.15 48 0.3 0.018 3.5 0.023 31.9 0.08 <0.1 0.9 <0.5 3 <1 48.7 0.043 <0.1 2.4 4 0.2 19 07TGP036 0.28 55 2.27 946 2.6 0.053 91.3 0.254 26.7 0.08 0.3 10.4 <0.5 577 <1 19.4 0.021 0.1 4.8 55 0.8 86 07TGP037 0.03 2 0.77 808 1.1 0.004 97.1 0.081 0.5 0.08 4.2 17.5 <0.5 16 <1 0.7 0.046 <0.1 0.5 225 0.4 144 07DAP301 0.04 5 0.08 133 18.9 0.1 42.1 0.026 588.9 2.39 0.6 1.5 0.7 22 3 2.2 0.02 <0.1 0.5 10 0.4 42 07DAP302 0.18 10 0.57 522 1.7 0.165 18.2 0.052 0.8 1.81 <0.1 2.9 <0.5 8 <1 3.4 0.056 <0.1 0.8 22 1 42 07DAP303 0.02 2 0.2 106 1.5 0.035 26.9 0.032 1.3 2.62 <0.1 1 0.5 2 <1 1 0.013 <0.1 0.2 8 0.4 17 07DAP304 0.02 16 0.1 185 0.4 0.046 10.7 0.075 4.6 1.34 0.1 1 0.6 129 <1 4.3 0.008 <0.1 0.8 9 1.1 10 07DAP305 0.02 10 0.64 244 3.9 0.014 170 0.042 9.2 8.42 0.2 4.3 8.8 5 1 1.9 0.045 <0.1 0.6 37 1.3 165 07DAP306 0.06 6 1.7 1387 6 0.003 17 0.064 11.1 2.58 <0.1 3.8 10.6 2 2 3 0.044 <0.1 0.5 52 <0.1 919 07DAP307 0.01 11 1.36 1042 3 0.003 109.4 0.032 11.4 8.53 <0.1 5 11.3 4 2 1.2 0.058 0.1 0.3 43 <0.1 6321 07DAP308 0.02 6 0.5 291 34.3 0.039 88.1 0.03 10.2 5.2 <0.1 1.5 7.7 10 1 2.5 0.078 <0.1 0.6 15 0.2 240 07DAP309 <0.01 2 2.78 1803 4.8 0.022 107.4 0.059 3.3 0.66 <0.1 26 0.6 84 <1 0.3 0.01 <0.1 0.2 195 <0.1 93 07DAP311 1.35 12 1.22 237 0.5 0.025 40.6 0.042 4.4 2.87 <0.1 3.6 <0.5 10 <1 3.7 0.166 0.7 0.8 28 0.3 59 07DAP312 0.11 7 1.15 362 0.6 0.189 42.6 0.09 1.5 0.54 <0.1 9.9 0.7 39 <1 0.7 0.259 <0.1 0.2 144 0.2 57 07DAP313 0.05 7 0.65 303 0.6 0.116 28.1 0.055 1 1.3 <0.1 9.9 3.1 44 <1 1.1 0.285 <0.1 0.1 96 0.2 18 07DAP314 0.07 23 0.74 795 1.5 0.28 3 0.326 1.8 0.88 <0.1 13.8 1 12 <1 2.1 0.165 <0.1 0.4 17 0.2 85 07DAP315 0.04 9 0.82 354 1.2 0.161 19.3 0.221 1 1.59 <0.1 10.3 3.1 11 <1 1.1 0.375 <0.1 0.2 82 0.9 33 07DAP316 0.07 13 0.93 491 1.7 0.222 3.6 0.194 2.7 1.18 <0.1 12 0.8 10 <1 1.2 0.165 <0.1 0.2 76 0.3 63 07EKP300 0.01 9 0.98 522 1.8 0.001 82.8 0.072 1.5 6.84 <0.1 3.9 3.7 5 <1 1.6 0.013 <0.1 1 33 1.1 70 07EKP301 0.02 8 2.45 735 3.6 0.019 164.5 0.049 4.8 8.16 <0.1 13.2 9 6 <1 1.5 0.161 <0.1 0.6 195 1.3 417 07EKP302 <0.01 <1 0.35 535 9.2 0.001 103 0.033 74.3 >10.00 1.2 2.4 11.7 2 <1 0.4 0.005 <0.1 0.2 13 0.3 55 07EKP303 <0.01 <1 0.56 1879 10.9 0.003 63.3 0.025 44.1 >10.00 1.4 2.4 6.6 11 1 1.9 0.007 <0.1 0.3 56 0.6 51 07EKP304 <0.01 <1 0.33 1357 1.3 0.001 20.3 0.015 3 4.26 0.2 0.9 2.1 2 <1 0.2 0.003 <0.1 <0.1 6 0.5 124 07EKP305 <0.01 1 0.18 597 2.3 0.003 59.7 0.018 10.4 >10.00 0.3 1.5 4.8 2 <1 0.5 0.007 <0.1 0.9 12 0.8 62 07EKP306 0.02 2 0.73 290 0.2 0.242 48.1 0.019 0.4 0.09 <0.1 3.2 <0.5 23 <1 0.1 0.121 <0.1 <0.1 34 <0.1 23 07EKP307 0.02 1 0.94 425 0.2 0.117 57.6 0.02 0.8 0.11 <0.1 4.1 <0.5 19 <1 0.1 0.196 <0.1 <0.1 48 <0.1 33 07EKP308 <0.01 1 1.03 479 0.2 0.047 74.7 0.02 0.7 0.27 <0.1 2.8 0.8 12 <1 0.2 0.17 <0.1 <0.1 39 <0.1 46 07EKP309 1.72 29 3.08 691 0.1 0.039 109.5 0.169 4.2 0.22 <0.1 5.3 <0.5 103 <1 4.9 0.342 0.6 0.6 103 0.1 120 07EKP310 0.53 7 0.82 644 2.8 0.036 57.9 0.021 9.7 6.75 0.1 1.7 5.3 7 <1 2.8 0.096 0.9 0.4 23 <0.1 891 07EKP311 0.41 2 1.51 496 1 0.034 535.1 0.023 1.2 0.78 0.1 2.4 1.6 20 <1 0.9 0.172 0.3 0.1 45 0.2 86 07EKP312 0.12 5 2.13 783 0.2 0.015 15.7 0.057 1.3 0.34 0.1 1.2 0.6 54 <1 1.1 0.203 <0.1 0.1 50 0.3 83 Appendix 1b. 2007 Sy Project Rock Sample Geochemistry

SampleID K_percent La_PPM Mg_percent Mn_PPM Mo_PPM Na_percent Ni_PPM P_percent Pb_PPM S_percent Sb_PPM Sc_PPM Se_PPM Sr_PPM Te_PPM Th_PPM Ti_percent Tl_PPM U_PPM V_PPM W_PPM Zn_PPM 07EKP313 0.1 30 0.29 204 1.3 0.092 82.6 0.051 5.8 0.45 <0.1 3.1 <0.5 24 <1 5.5 0.068 <0.1 0.9 34 1.9 21 07EKP314 0.08 10 0.44 288 1.2 0.046 17.8 0.09 2 1.67 0.2 2.2 <0.5 29 <1 2.5 0.035 <0.1 0.5 23 0.2 46 07EKP315 0.05 7 0.45 224 1 0.091 11.5 0.074 1.5 1.55 <0.1 2.2 <0.5 20 <1 2.4 0.028 <0.1 0.4 17 <0.1 36 07EKP316 0.01 3 0.11 136 1 0.01 28.6 0.05 2.9 >10.00 0.5 0.5 1 9 <1 0.4 0.005 <0.1 0.3 3 0.5 9 07EKP317 <0.01 2 0.05 96 1.1 0.003 35.9 0.03 4.1 >10.00 2.2 0.2 1.7 5 <1 0.1 0.001 <0.1 0.2 <2 0.3 8 07EKP318 0.61 10 0.68 311 2.7 0.081 53.4 0.043 4.3 0.93 0.5 5 0.9 26 <1 3.6 0.106 0.2 0.9 46 0.8 44 07EKP319 0.19 9 0.48 510 10.4 0.089 43.5 0.053 2.8 2.13 <0.1 3.5 1.4 14 <1 2.9 0.058 <0.1 0.6 33 0.4 30 07EKP320 0.52 15 1.74 407 4.5 0.017 48.8 0.074 3.6 0.62 <0.1 3.2 0.6 6 <1 7.6 0.084 0.2 1.5 40 <0.1 82 07EKP321 0.03 2 0.21 208 3 0.033 14 0.065 23.3 1.6 <0.1 0.7 0.8 32 <1 0.4 0.018 <0.1 0.2 34 0.5 19 07EKP322 0.01 4 0.29 154 4.5 0.007 29.6 0.2 2.5 >10.00 <0.1 1.5 8.5 27 <1 0.2 0.004 <0.1 0.6 11 7.4 32 07EKP323 0.11 9 1.57 677 2.1 0.012 35.5 0.059 5.1 3.23 0.1 5 1.8 4 <1 2.1 0.065 <0.1 0.5 46 0.6 145 07EKP324 1.35 21 2.25 389 2.7 0.107 56.9 0.058 13.4 1.13 0.6 7.6 1 49 <1 4.9 0.171 0.4 0.7 59 1.9 117 07EKP325 0.34 5 0.29 263 2.7 0.037 16.2 0.063 10.7 2.43 <0.1 2.1 0.5 53 <1 1.3 0.061 0.2 0.3 31 1 36 07EKP326 0.38 4 0.46 292 2.9 0.077 10 0.066 2.8 2.05 <0.1 1.3 1 13 <1 1.5 0.072 0.3 0.2 20 0.7 46 07EKP327 0.05 2 0.22 203 13.5 0.053 6.5 0.068 4.7 0.15 <0.1 0.7 <0.5 25 <1 0.4 0.024 <0.1 <0.1 12 1.7 26 07EKP328 0.02 5 0.3 132 3.1 0.034 23.6 0.06 10 6.84 <0.1 2.2 2.5 10 <1 2.3 0.012 <0.1 0.4 33 0.2 35 07EKP329 0.27 9 0.66 293 3.9 0.04 18.5 0.056 1.3 2.69 0.3 3.7 1.1 7 <1 2.9 0.067 <0.1 0.5 35 0.4 46 07EKP330 1.55 10 2.03 681 1.4 0.135 47.9 0.065 3.4 2.59 <0.1 8.9 1 51 <1 4 0.221 0.6 1.1 77 0.1 110 07EKP331 0.21 8 0.29 328 0.6 0.093 10.6 0.029 1.9 0.08 <0.1 0.9 <0.5 43 <1 0.9 0.023 0.2 0.2 5 0.1 27 07EKP332 0.17 6 0.73 131 1.3 0.019 82.9 0.072 3.8 1.53 <0.1 2.9 <0.5 8 <1 1.1 0.017 <0.1 0.2 43 <0.1 31 07EKP333 0.9 18 1.61 279 2.4 0.053 77.3 0.04 3.2 0.36 <0.1 6.2 <0.5 12 <1 5.4 0.146 0.2 1.3 63 0.3 69 07EKP334 1.38 12 1.79 326 2.4 0.029 80.5 0.07 2.2 0.15 <0.1 8.3 <0.5 10 <1 5.8 0.205 0.4 1.1 84 0.1 84 07EKP335 1.15 12 1.36 785 2.3 0.122 31.2 0.053 3.3 <0.05 <0.1 6.2 <0.5 124 <1 3.7 0.13 0.3 0.8 45 0.1 136 07EKP336 1.12 15 1.27 733 5.5 0.037 33.5 0.051 4.7 0.43 <0.1 6.4 <0.5 43 <1 3.1 0.112 0.3 0.6 46 0.1 74 07EKP337 <0.01 2 0.1 286 1.5 0.004 8.2 0.256 1.1 0.32 <0.1 0.6 <0.5 67 <1 0.2 0.003 <0.1 0.1 2 <0.1 8 07EKP338 0.25 7 0.24 219 0.1 0.03 6.2 0.029 1.9 0.29 <0.1 0.4 <0.5 27 <1 1.3 0.04 <0.1 0.3 4 <0.1 24 07EKP339 1.68 14 1.21 337 3 0.212 11.8 0.049 10.8 1.21 <0.1 9 0.5 76 <1 3.9 0.213 0.7 0.7 69 1.6 65 07EKP340 0.34 4 0.51 321 1.9 0.013 11.1 0.072 1.9 1.03 <0.1 3.8 <0.5 17 <1 1.6 0.07 0.2 0.3 31 1.5 51 07EKP341 0.93 10 0.72 253 2.3 0.204 23.9 0.057 4.2 1.6 <0.1 3.3 <0.5 35 <1 2.3 0.082 0.3 0.6 28 2.4 44 07EKP342 1.39 22 1.74 424 1.6 0.048 72.2 0.074 2.7 0.23 <0.1 7.6 <0.5 12 <1 8.5 0.181 0.4 1.8 101 0.2 66 07EKP343 0.05 2 1.62 440 0.2 0.347 110.1 0.025 0.6 0.08 <0.1 3.6 <0.5 48 <1 0.2 0.142 <0.1 <0.1 63 <0.1 36 07EKP344 0.02 <1 1.35 684 0.2 0.053 68.3 0.011 0.4 0.67 <0.1 2.9 2.1 5 <1 0.1 0.071 <0.1 <0.1 49 <0.1 51 07EKP345 1.63 33 3.12 557 1.6 0.067 111 0.086 3.8 0.26 <0.1 9.2 <0.5 44 <1 9.4 0.248 0.4 2.2 113 <0.1 99 07EKP346 0.4 22 0.46 179 0.6 0.119 12 0.045 5.3 <0.05 <0.1 0.7 <0.5 115 <1 6.7 0.094 0.2 0.8 14 <0.1 32 07EKP347 0.01 <1 1.92 912 0.2 0.058 95.1 0.023 0.7 0.25 <0.1 3.5 1.2 9 <1 0.1 0.263 <0.1 <0.1 92 <0.1 72 07EKP348 0.02 <1 1.01 332 0.2 0.1 42.9 0.023 0.9 0.07 <0.1 2.2 <0.5 9 <1 <0.1 0.079 <0.1 <0.1 42 <0.1 30 07EKP349 0.27 12 0.64 442 17.6 0.029 91 0.031 49.4 7.75 0.3 1.8 14.2 4 <1 3.6 0.049 0.5 0.5 15 0.1 6138