Talc Creek Project New Westminster Mining Division NTS 092H12 Project Area Location: UTM NAD 83: Zone 10, 594000 East, 5486000 North Registered Owner: Doug Warkentin Operator: Crucible Resources Ltd. Talc Creek North Area - Geochemical Sampling Report Project Tenure Numbers: 951349, 1017635, 1017637, 1019961 SOW Event Numbers: 5506605, 5523073 September 18, 2014 Prepared By: Doug Warkentin, P.Eng Page 2 TABLE OF CONTENTS Introduction ……..………….3 Location and Access ……….………..3 Tenure Information ……….………..3 Regional Geology ….……..………6 Local Geology …………..…….8 Property History ……………...…8 Summary of Work …………..….…9 Work Program ………………...9 Sampling and Data Collection ……….……......9 Interpretation of Results ……….……….11 References …………….….11 Author’s Qualifications …………….….12 Statement of Costs …………….….13 FIGURES 1 Talc Creek Project Location Map ……..………….4 2 Project Tenure Outline ………..……….5 3 Regional Geology, Talc and Cogburn Creek Area ………..……….7 TABLES 1 Talc Creek Project Mineral Tenures ……..………….6 2 Rock Sample Analytical Results ……………..…10 Appendix 1 – Sample Location Map Appendix 2 – Assay Reports Page 3 Introduction Location and Access The Talc Creek property lies in the Southern Lillooet Ranges of the Coast Mountains, approximately 25 km north northeast of the community of Harrison Hot Springs, on the east side of Harrison Lake. The general project location is shown in Figure 1. Access to the property is via forestry roads from Harrison Hot Springs. From the town, located at the south end of Harrison Lake, the East Harrison Forest Service Road (FSR) provides two wheel drive access north along the lake to the Bear Creek logging camp at the mouth of Cogburn Creek. In the Cogburn Creek area, secondary logging roads connect with the East Harrison FSR. Two of these roads access the Talc Creek property, on the north and south sides of the creek. Both roads originate from the East Harrison road just to the south of the Cogburn Creek crossing. Both of these roads are gated and the south road is currently in active use, with good four wheel drive conditions to the property area and beyond. The north Talc Creek road is also in active use and in good condition in its lower sections, but deteriorates to rough high-clearance four-wheel drive condition before reaching the property area. The boundaries of the Talc Creek property lie almost entirely within the steep-sloped Talc Creek Valley, with the exception of a small eastern extension that crosses the ridge into the neighbouring Settler Creek watershed. Old logging roads traverse the hillside almost to the crest in the southeast, but these roads are not active and the current condition is unknown. Outside of recent logging cuts, the property is heavily forested with second growth timber. Tenure Information The Talc Creek project area is part of the larger Talc-Zacta Project, which consists of three separate small claim blocks in the area of Talc and Cogburn Creeks. The Talc Creek block is the largest and consists of four MTO claims with a total area of 524 hectares. The four Talc Creek claims form a contiguous block stretching across the Talc Creek Valley, beginning about 2 km upstream from the confluence with Cogburn Creek. The claims are all owned by the author, and Crucible Resources Ltd. has an option to acquire 100% ownership of these claims. Details of the Talc Creek claims are shown in Table 1. Expiry dates shown in this table reflect the application of the work described in this report. There are no known underlying crown grants in the area and the closest legacy claims lie a short distance to the south and west. Figure 2 outlines the tenures of the Talc Creek project area. Page 4 TalcTalc CreekCreek ProjectProject MapMapMap Center:Center:Center: 54.4781N54.4781N54.4781N 124.7082W124.7082W124.7082W Map Center: 54.4781N 124.7082W Figure 1 – Talc Creek Project Location Map Page 5 AL PAL JASON HARRISON LAKE ASBESTOS 10176351017635 10176371017637 092H.052 951349951349 10199611019961 OX HOPE EMORY ZONE COGBURN 092H.042 MapMapMap Center:Center:Center: 49.5260N49.5260N49.5260N 121.7097W121.7097W121.7097W Figure 2 – Project Tenure Outline Page 6 Table 1: Talc Creek Project Mineral Tenures Tenure Number Claim Name Owner Issue Date Good To Date Area (ha) 951349 TALC CREEK 145582 (100%) 2012/feb/21 2015/feb/03 377.4 1017635 TALC N 145582 (100%) 2013/mar/08 2015/feb/03 62.9 1017637 TALC N1 145582 (100%) 2013/mar/08 2015/feb/03 21.0 1019961 TALC NE 145582 (100%) 2013/jun/01 2015/feb/03 62.9 Total Area 524.2 Regional Geology The Talc Creek Property lies near what is interpreted as the eastern margin of the Wrangellia Terrane, near its contact with the Bridge River Terrane. The area also occupies the eastern margins of the Coast Plutonic Complex. The property lies entirely to the west of the Fraser River fault system. In this area large bodies of metamorphic rocks are intruded by plutonic quartz diorites and granodiorites. Trending in a northwest – southeast direction is a broad assemblage of older rocks including mafic to ultramafic intrusive, schists and diorites (Figure 3). These rocks, and particularly the ultramafic units, are sometimes referred to as the Hope Nickel Belt. The Hope Nickel Belt is host to both massive and disseminated nickel or copper-nickel, mineralization associated with ultramafic rocks. Known nickel occurrences include the Giant Mascot Mine, which historically was the largest nickel producer in BC, along with less developed prospects such as Star of Emory, Cogburn, Jason and Big Nic. The ultramafic rocks can include significant bodies of peridotite, serpentinite and other ultramafic rocks carrying high levels of magnesium, such as the Emory Zone in the southwest part of the belt. To the southeast the belt is more altered and affected by the large scale quartz diorite intrusions of the Spuzzum Pluton. The main ultramafic body at the southeast end of the Hope Nickel Belt, which hosts the Giant Mascot nickel mine is referred to as the Pacific Nickel Complex and is the most well defined portion of the belt. The rocks of the Pacific Nickel Complex form an irregular stock-like mass up to 3 kilometres across. The body includes areas of gabbro and hornblendite along with smaller sections of peridotite and dunite that hosted ore bodies of both massive and semi-disseminated sulphide mineralization. Sulphide mineralization consisted mainly of chalcopyrite and pentlandite with pyrrhotite. The northeastern half of the stock consists of barren pyroxenites and peridotites with little hornblende, while the southwestern half of the stock is a highly variable, hornblende-rich assemblage of mineralized peridotites and pyroxenites that contains seventeen orebodies of various sizes associated with the mine. These orebodies occur along a line trending about 285 degrees and many do not outcrop, being discovered through underground exploration and development. Smaller mineralized bodies of hornblende- pyroxenite and peridotite have also been discovered further to the west, including the Star of Emory, an ore body with zones of massive pyrrhotite, chalcopyrite and pentlandite. The northwestern portion of the Hope Nickel Belt trends in a northwest-southeast direction and is bounded on both sides mainly by younger metamorphic rocks, including the Slollicum Schist package to the southwest. To the north and east there are also substantial areas underlain by intrusives of the Coast Plutonic Complex. There are also some more recent smaller granodiorite intrusives to the north and in the central part of the mafic belt. Within the belt, in addition to the large ultramafic bodies, the Cogburn Schist occupies a Central position. To the north of Page 7 Cogburn Creek, and near the Zacta claim block, this unit is known to contain VMS style massive sulphide mineralization at the North Fork prospect. On the northeast side of the Cogburn Schist, intrusive rocks grade from diorite to Gabbro, with the bodies of ultramafic rocks tending to occur along the outside flanks of the belt, although smaller fingers and lenses of ultramafic rocks also occur within the schist. Mineralization associated with smaller mafic and ultramafic bodies has also been identified within the younger plutonic rocks on the northeast side of the belt. KTmm – Cretaceous to Tertiary – mid amphibolite/andalusite grade metamorphic rocks KTSl – Cretaceous to Tertiary Slollicum Schist – greenstone, greenschist metamorphic rocks MKgd – Mid-Cretaceous – granodioritic intrusive rocks MKqd – Mid-Cretaceous – quartz dioritic intrusive rocks OlMigd – Oligocene to Miocene – granodioritic intrusive rocks PrPzY – Proterozoic to Paleozoic Yellow Aster Complex – dioritic intrusive rocks PzMzCS – Paleozoic to Mesozoic Cogburn Schist – greenstone, greenschist metamorphic rocks PzMzum – Paleozoic to Mesozoic - ultramafic rocks Figure 3 – Regional Geology, Talc Creek and Cogburn Creek Area Page 8 Local Geology The Talc Creek claim block occupies the mid part of the Talc Creek Valley, entirely within a wide section of the Hope Nickel Belt, mainly incorporating areas mapped as being underlain by Cogburn Schist, but also covering small parts of one of the main ultramafic bodies as well as some of the adjacent mafic intrusives. Smaller zones of ultramafic rocks are known to occur within the schists on the property. Airborne magnetic data is a good indicator for ultramafic rocks in this area and available data indicate a wider extent of this type of rock than that shown in regional mapping. In the Talc Creek area there are major bodies of ultramafic rock on either side of the valley separated by schists and other mafic intrusives, including gabbro and diorite. Ultramafic units include serpentinite, pyroxenite and peridotite. Ultramafic exposures commonly contain disseminated sulphide mineralization consisting mainly of fine pyrrhotite. Work on the ultramafic body to the south of the property has also shown extensive zones of high grade magnesium, and geochemical sampling has shown areas with a unique combination of high nickel and high arsenic, together with areas of unusually high cobalt.