I I I I I REPORT I ON
I EXPLORATION PROGRAM I DIAMOND DRILLING I SOUTH BEND PROPERTY BMA 526 864 Area
I Thunder Bay Mining Division I Northwestern Ontario I I 2·44540 I
I April2010 Tribute Minerals Incorporated
I RECEIVED I APR 0 7 2010 GEOSCIENCE ASSESSMENT I OFFICE I I
I TABLE OF CONTENTS I Page Introduction 3 I Property 3 Location, Access and Physiography 4 Previous Work 4 I Regional Geology and Metallogeny 4 Current Program 5 Recommendations 5 I Personnel 6 I List of Figures Figure 1. Location Map of South Bend Property Area, NW Ontario Figure 2. Location Map of Property Claims- Block 4 I Figure 3. Location Map of Diamond Drill Hole SB-10-11
I List of Tables I Table 1. List of Claims - Block 4 Appendices
I 1. Diamond Drill Log I 2. Drill Section I I I I I I I 2 I
I INTRODUCTION I This assessment report describes a one hole diamond drilling program rnrnnlPtPrl rlnr1na "R'Phrll!:lrV ?n 1 n ThP rlr111 hnlP 1.:: lnr!:ltPrl 1n thP Rlnrl<-- 4. - ~---.-~ -- _... ----·- ---o .... - .._ .... _ .. _.._ .... J' - ...... _ ...... _ ...... , ... _ ... _ ...... __ ....,._ ...... - ... --...... contiguous claims that are part of Tribute Minerals group of six claim I blocks that make up the South Bend property (Figure 1). The property is located in the McFaulds Lake area ("Ring of Fire") in the James Bay Lowlands. The drilling tested for the presence of Cu-Ni-PGE bearing I massive sulphide mineralization in follow-up to airborne VTEM and ZTEM geophysical surveying. The South Bend property is believed to host base metal sulphide occurrences associated with heavily altered mafic I horizons, and is part of Tribute Minerals Incorporated properties comprising approximately 39,500 hectares in the McFaulds Lake area.
I The 100% owned Block 4 claim group was transferred to Tribute Minerals Incorporated from Goldeye Explorations Limited in 2009. Diamond drilling exploration work conducted by Cyr Drilling was carried I out for Tribute Minerals Inc. under the direction and supervision of Trevor Boyd P. Geo., Vice President of Exploration, Tribute Minerals Inc. and a Qualified Person for the purposes of National Instrument (NI) 43- I 101.
I PROPERTY
I The Block 4 group of the South Bend property consists of 12 contiguous claims comprising 155 units as shown in Figure 2 and listed in Table 1.
I Table 1. List of Claims - Block 4
Claim Units Twp/Area # Due Date I 4225101 16 BMA 526 864 Nov. 14, 2011 4225102 16 BMA 526 864 Nov. 14,2010 I 4229399 12 BMA 526 864 Apr. 10,2010 4229400 8 BMA 526 864 Apr. 10,2010 4229401 12 BMA 526 864 Apr. 10, 2010 I 4229402 16 BMA 526 864 Apr. 10, 2010 4229403 16 BMA 526 864 Apr. 10, 2010 4229404 8 BMA 526 864 Apr. 10,2010 4229405 3 BMA 526 864 Apr. 10,2010 4240533 16 BMA 526 864 Apr. 10,2010 4240534 16 BMA 526 864 Apr. 10, 2010 I 4240535 16 BMA 526 864 Apr. 10, 2010 I I 3 I
I LOCATION, ACCESS AND PHYSIOGRAPHY I The Block 4 portion of Tribute's South Bend property is located approximately 40 km southeast of the First Nation community of Webequie, and approximately 40 km west of the Noront Resources Eagle I Nest Ni-Cu-PGE deposit in the James Bay Lowlands of northwestern Ontario. An all seasons field camp was established on the property in the Fall of 2009 on Billinger Lake approximately 30 km southeast of I Webequie. Billinger Lake is suitable for use by float or ski-equipped fixed wing aircraft, and the drill program was supported by A-star 350 B2 I helicopter. The topography of the area is unvaryingly planar and characterized by abundant creeks and rivers that erode slight trenches into the soft I marine clays covering much of the Lowlands. The area is situated at an elevation of approximately 190 metres above sea level. Drainage is poor due to the lack of relief, and consequently inland areas remain water I logged throughout the year with extensive development of string bogs. Vegetation consists predominantly of black spruce along with grasses, I sedges, low shrubs, and sparse, stunted trees.
I PREVIOUS WORK
In March 2008, 155 line-km of VTEM surveying was completed on Block I 4 by Geotech Limited for Goldeye Explorations Limited. In June 2009, Geotech Limited completed 143 line-km of ZTEM surveying on Block 4 for Tribute Minerals. An interpretive report on VTEM surveying was I prepared for Tribute Minerals by JVX Limited in November 2009. I REGIONAL GEOLOGY AND METALLOGENY
I Overburden consists of thick layers of glacial tills and clays which overlie flat-lying Paleozoic carbonates of the Hudson Bay Platform occurring in the eastern part of the McFaulds Lake area. However, the Paleozoic rocks I thin out and disappear to the west in the area of Tribute's South Bend property. Available airborne geophysical data together with sparse gravity I and diamond drill data can be used to infer the Precambrian geology of the region. Magnetic patterns suggest that the basement complex is made up of volcanic and sedimentary Sachigo greenstone belt sequences I interlayered and separated by large volumes of granite gneisses along the margin of a batholithic granodiorite pluton. Highly magnetic ultramafic I intrusion(s) have been emplaced both along and cross cutting the I 4 I
I granodiorite pluton. Currently, the main targets of Tribute's exploration programs are copper, nickel, and PGE's associated with magmatic massive sulphide deposits derived from ultramafic intrusions and related I rocks. I CURRENT PROGRAM
I Diamond drill hole SB-1 0-11 was drilled in order to test a deeply buried VTEM airborne anomaly hosted within a major northwest trending high total magnetic intensity anomaly, and lying underneath an interpreted I thick layer of conductive overburden. The drill hole (Figure 3) was I completed during February 24-28, 2010 as follows: Drill Hole UTM- NAD 83 Azimuth/Dip Depth I Number Coordinates (degrees) (feet) (Claim 4225101) I SB-10-11 506050E,5839680N 180/-65 956.0 Drilling intersected mafic, and intermediate to felsic volcanic tuffs I interlayered with gneissic to massive granitic rocks, and sections of biotite + strong magnetite enrichment with minor disseminations of pyrrhotite + pyrite in fractures. A total of 11 samples of were collected by I sawing lengths of core in half. At the time writing assay results are pending. The drill log and section are shown in Appendices 1 and 2. I I RECOMMENDATIONS Tribute Minerals is awaiting results of assaying on samples collected from drill hole SB-1 0-11 to better determine the next phase of explora I tion work on its Block 4 claim group. I I I I I 5 I I I PERSONNEL The following personnel and companies carried out work on the South I Bend Property for Tribute Minerals Inc.: Trevor Boyd Project Geologist Tribute Minerals Inc. I Toronto, Ontario
Naveed Rehman Drill Geologist I Toronto, Ontario
David Patterson Field Assistant I Ear Falls, Ontario
Cyr Drilling Diamond Drilling I Winnipeg, Manitoba I West Caribou Air Helicopter and Fixed Geraldton, Ontario Wing Support I We bequie Logistics Camp Maintenance Thunder Bay, Ontario I
I Tribute Minerals Inc. I
I Trevor Boyd, P. Geo. I I I I I 6 ------95 -90 -85 -80
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UTM Zone 16 5000m grid FIGUR£ 3, LocATION o;= l>tA/'1/YJl> l>le!LL. HOLt:. 5 13 - /o- tt I I I I I I I APPENDIX 1 Diamond Drill Log I SB-10-11 I I I I I I I I I I I 7 ------·-
I Mar 02, 2010 DETAILED LOG Page 1 of31
Hole Number: 58·10·11 Units: IMPERIAL
Project Name: South Send Primary Coordinates Grid: UTM 16U NAD 83 Destination Coordinates Grid: UTM 16U NAD 83 CoUar Dip: -65.00 Project Number: SB North: 5839680.00 North: Collar Az.: 180.00 Location: Block 4 East: 506050.00 East: Length: 956.00 Elev: 190.00 Elev: Start Depth: 0.00 Date Started: Feb 24, 2010 Collar Survey: N Plugged: N Contractor: O(r Drilling International Final Depth: 956.00 Date Completed: Fe h 2.8, 2. 01 o Multishot Survey: N Hole Size: NQ Core Storage: West McFaulds Camp Pulse EM Survey: N Casing: in hole
Sample Averages Survey Data Depth Azimuth Dip Test Flag Comments Depth Azimuth Dip Test Flag Comments Decimal Decimal Type Decimal Decimal Type 40.00 180.00 65.00 AQD DO no etch line seen 266.00 180.00 65.00 ACID DO no etch line seen 427.00 180.00 66.00 AQD OK 576.00 180.00 65.00 AQD OK 876.00 64.00 REFLE> OK
Detailed Lithology Assay Data From To lithology Sample Number I From I To I Length I Au gpt I Cuper I Sg gcm3 0 37.00 0, Overburden Overburden 37.00 105.00 2, Intennediate Ash Tuff INTERMEDIATE ASH TUFF, light to medium grey with variagated and mottled sections, fine to medium grained. metamophosed with variably foliated to gneissiC in texture depending upon biotite content. Magnetic and biotitic rich interlavers .. oranite dvke 56.5 - 62 '\ft. 105.00 311.00 2, Intermediate Ash Tuff INTERMEDIATE TO MAFIC ASH TUFF, light to dark grey, variably mottled and variagated appearance, more mafic, magnetitic and biotitie (brown phligotite mica?) in charactor than above, Metamorphosed and foliated with shistose texture but with felsic gneissic interlayers Numerous magnetite and biotite riCh interlayers becoming increasingly cut up into magnetite rich blocks partially engulfed by narrow slivers of granitic dyke rock. granite dyke 113.5 - 117ft .. broken up quartz vein 130- 132ft., medium grained diorite dyke 151 - 156ft. gramitic gneiss interlayer or dyke 254-257 ft. ------
I Mar 02, 2010 DETAILED LOG Page2of31
I Hole Number: SB-10-11 Units: IMPERIAL
Detailed Lithology Assay Data From To Lithology Sample Number I From I To I Length I Au gpt I Cuper I Sg gan3 311.00 613.50 8, Granitic Gneiss MIXED GRANITE GNBSS, MAGNETITE ZONE AND INTERMEDIATE VOLCANIC, variable grey mottled and kaotic appearanoe, highly metamorphosed, more gneissic and less foliated than above, medium to course grained tecture, numerous quartz veins and injections sub-parallel to foliation especially in volcanic interlayers. Made up of alternating short sections of granite gniess, volcanic rocks and magnetite-biotite-chlorite-garnet rich sections from 0.5 to 6 feet wide (see mineralization details). In general, foliation trends 30-40 degree core angles in volcanic rocks but more kaotic and varaible in mag-<:hl interlayers. Granite dykes or plug 543-546', 570-571', 593.5-504.5'. Highly and variably I magnetic. no significant sulphides. 613.50 729.00 3, Felsic Ash Tuff MIXED FELSIC VOLCANIC, GRANITE GNEISS WITH MAGNETITE RICH JNTERLA YERS
graclational contact by increase in silica content, light to dark grey in colour, fine to medium grained texture, highly metamorphosed, strongly chloritized in magnetite+biotite rich interlayers, disseminated pink garnets (5%) up to Scm in size present in magnetite rock, interlayers of white to light pink granitic gneiss dyke throughout unit. no significant mineralization ( tr po+py disseminated in fractures), weak foliation varying from 35-45 deg TCA, mottled texture, ~ 15-20% thick milkv white atz veinina throuohout unit verv aood recoverv 729.00 744.50 6, Granite GRANITE , pink grey, massive, coarse grained intruding mnor interlayers of veined and kaotic slugs of metamorphosed felsic volcanic rock, Extensive quartz injections. 744.50 828.00 3, Felsic Ash Tuff MIXED FELSIC VOLCANIC, GRANITE GNEISS WITH MAGNETITE RICH INTERLAYERS light to dark grey in colour, fine to medium grained texture, sharp contact with granite above, weakly foliated, feldspar and quartz eyes noted in felsic volcanic rocks, highly metamorphosed, silicified, strongly chlorltized in magnetite + biotite rich interlayers, disseminated pink garnets (5%) up to 2cm in size present in magnetite rock, interlayers of white to light pink granitic gneiss dyke throughout unit, no significant mineralization ( tr po+py disseminated in fractures), mottled and kaotic textures, ~ 15-20% thick milky white qtz veining sub-parallel to rock fabric throughout unit very oood core recoverv 828.00 912.50 2, Intermediate Ash Tuff INTERMEDIATE ASH VOLCANIC - MAGNETITE ZONE, dark grey, fine to medium grained, grandual contact, silicified, highly metamorphosed, moderately foliated and laminated but less gneissic banding than above, Similar to above exoept disseminated magnetite content appears greater and magnetite- I Mar 02, 2010 DETAILED LOG Page3of31 I Hole Number: SB-10·11 Un~· IMPERIAL Detailed Lithology Assay Data From To L~hology Sample Number From To Au gpt Cuper Sggcm3 I I I Length 1 I I 912.50 956.00 6, Granite GRANITE - GRANITE GNEISS, light grey , massive to banded fabric, coarse grained, very quartz dominant, some volcanic outliers, gradual change to Granite Gneiss non magnetic no sulphides.EOH I I I I I I APPENDIX 2 I Drill Section SB-10-11 I I I I I I I I I I I I 8 I SB-I0-11 I 0/B 0 /00 I I I I I /'11)t£.b 6/!.AIV11'£ G,A./£./SS.J MlfG-/