Assessment Work Rpt Burchell Lake Prop

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Assessment Work Rpt Burchell Lake Prop Assessment Report on the Burchell Lake Property Burchell Lake Township Area Thunder Bay Mining Division 2.281 l Prepared for MIN Corporation 210 Cedar Street, Suite 203 Sudbury, ON P3B 1M6 Tel: (705) 669-0300 Fax: (705) 669-0250 July 14, 2004 Prepared by: Stephen Wetherup Geological Consulting 635 East 45th Avenue Vancouver, BC V5W 1X6 Tel: (604) 617-5955 e-mail: [email protected] ft Joel Scodnick 75 Forest Lake Road Sudbury, ON P3G 1K8 Tel: (705) 522-4439 Fax: (705) 522-8694 e-mail: scodnick lincsat.com 52B10SE2025 2.28112 BURCHELL LAKE 010 Aurrnin Corporation TABLE OF CONTENTS I.0 Summary ........................................................................................................................................3 2.0 Introduction and Terms of Reference .............................................................................................5 2.1 Terminology and Unit Conversion.............................................................................................^ 3.0 Disclaimer ......................................................................................................................................6 4.0 Property Description and Location .................................................................................................6 5.0 Accessibility, Climate, Local Resources, Infrastructure and Physiography................................. 7 6.0 Work History................................................................................................................................. 11 1953-Great Lakes Copper Mines Ltd........................................................................................13 1956 and 195 7-Great Lakes Copper Mines Ltd................................................................ .........13 1964-Mining Corporation of Canada........................................................................................ 14 1965 - Consolidated Mining and Smelting.................................................................................. 14 1965 -Noranda Exploration........................................................................................................ 14 1971 and 1972 - Freeport Sulphur............................................................................................... 14 1975 - Mcintyre Mines Ltd......................................................................................................... 15 1976-Belore Mines Ltd.............................................................................................................15 1977 - Rio Tinto Canadian Exploration ...................................................................................... 15 1980 to 1982-Gulf Minerals......................................................................................................15 1982-CanadianNickel Co.........................................................................................................16 1983 and 1984 - Tenajon Silver Corp......................................................................................... 16 1987 and 1988 - Newmont Exploration...................................................................................... 16 1988 - JET Mining Exlporation.................................................................................................. 17 1989 to 1991-Noranda Exploration Ltd......................................................................................17 1992 - Art Wallace (OPAP)........................................................................................................ 18 7.0 Geological Setting.........................................................................................................................18 8.0 Deposit Types................................................................................................................................20 9.0 Mineralization ...............................................................................................................................23 10.0 Exploration..................................................................................................................................23 II.0 Adjacent Properties......................................................................................................................25 11.1 Moss Lake Property.................................................................................................................25 11.2 Coldstream Property ................................................................................................................25 11.3 Ardeen Property.......................................................................................................................28 12.0 Interpretations and Conclusions...................................................................................................28 13.0 Recommendations .......................................................................................................................30 14.0 References...................................................................................................................................31 FIGURES Figure 1: Burchell Lake Property location map....................................................................................8 Figure 2: Highway map of the Thunder Bay area..................................................................................9 Figure 3: Burchell Lake Property claim map...................................................................................... 10 Biirchell l.akc I©roperu. Ontario. June 20O-) Aurmin Corporation Figure 4: Summary and highlights from historical work. ................................................................... 12 Figure 5: Regional geology map......................................................................................................... 19 Figure 6: Burchell Lake Property geology map..................................................................................21 Figure 7: Claim map depicting adjacent properties.............................................................................26 Figure 8: Sample Location and Prospecting Map...............................................................................27 TABLES Table 4-1: Summary of claims and claim data that comprise Aurmin©s Burchell Lake Property..........6 Table 6-1: Highlights from Great Lakes Copper Mines drilling on Burchell Lake Property (Giblin, 1964). ...........................................................................................................................................13 Table 6-2: Highlights from Freeport Sulphur 1971 drilling (taken from Solonyka, 1982).................. 14 Table 6-3: Highlights from 1980-1981 drilling by Gulf Minerals....................................................... 16 APPENDICES Appendix I: Certificate and Consent of Author©s Appendix II: Glossary of Terms Appendix III: Photo Plates Appendix IV: Certificate of Analysis Appendix V: Sample Descriptions Aurmin Corporation 1.0 SUMMARY The Burchell Lake Property comprises 18 unpatented mining claims totalling 107 units and is located within the NTS Map Sheet 52 B/10, Thunder Bay Mining Division, Northwestern Ontario, Canada. It is located approximately 110 km west of the city of Thunder Bay, Ontario and is vehicle accessible by paved and all weather logging trunk roads. The area is forested and areas have been logged previously and new logging road construction suggests future logging activity. Aurmin Corporation has entered into an option agreement with Mr. John Ternowesky, Eugene Belisle, Noel Belisle, and Mike Fogen to acquire IW/o of the Burchell Lake Property through a series of stock and cash payments over 30 months as well as a S l,200,000 CAD work commitment. A total of 517,780.90 of exploration expenditures have been incurred on the Burchell Lake Property between April 4 and July 14, 2004. On April 5*, 2004 the author©s and an assistant visited the Property and examined some of the outcrops. On July 8th and 9th , 2004 a prospecting and sampling program was conducted on claims TB 3001512, TB 3001513, TB 3001514, and TB 1064690, by Joel Scodnick and an assistant. This work consisted of a prospecting *fc sampling program of which the best sample returned a gold assay of 3.3 g/t in a highly altered and deformed felsic metavolcanic rock containing 507o pyrite as disseminations and stringers, subordinate chalcopyrite, bornite, galena and malachite. This sample was selected from an old trench in the northwest part of claim TB 1064690. The Burchell Lake Property lies within the Shebandowan Greenstone Belt (SGB), which is part of the Wawa Subprovince of the Archean Superior Province in the Canadian Shield. Meta-volcanic rocks are the dominant rock type in the SGB with lesser amounts of intercalated coeval intrusive and meta-sedimentary rocks. Underlying the Burchell Lake Property are felsic to mafic meta-volcanic rocks, lesser chemical meta-sedimentary rocks (chert and iron formation) and concordant gabbro and diorite intrusive bodies. These rocks are complexly folded and deformed and are intruded by the syenitic Hermia Lake Stock (Osmani, 1997). Within the western SGB there are two previous producing mines the North Coldstream copper and Huronian/Ardeen gold mines and two developed prospects, the Snodgrass/Moss Lake gold prospect and the East Coldstream gold prospect. The East and North Coldstream lUnvhdi l akc i©nipeilv Oman.i. ILIIH.- .li j©i J Aurmin Corporation deposits are less
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