.. ./AN 15 L u9 GEOSCIENCE f: ssr:s Assessment Report on OFFl;~E'" SMENT Diamond Drilling - Guide Hole for RC Test Hole Tres-Or Resources Ltd Sharpe and Savard Townships Larder Lake Mining District UTM Zone 17 - NTS 41P16 NAD 83 Projection 5307000N to 5309300N 562900E to 566500E Work Conducted on Claims L 4200057 (now Mining Lease G8080240) Field Work Conducted From July 2007 to December 2007 Prepared by: Elaine Basa, B.Sc, P.Geo., Grupo Moje Limited Martin Ethier, B.Sc., M.Sc. Hinterland Geoscience and Geomatics Laura Lee Duffett, B.Sc., P.Geo. 533025 B.C.Ltd For: Tres-Or Resources Ltd. 17 December 2008 Summary A total of 22 kimberlite bodies, most of which have detectable magnetic responses, have been discovered in the Temiskaming area as well as 10 pipes and at least 11 dykes in the Kirkland Lake area (Figure 1). Contact Diamond's 95-2 pipe in Lundy Twp has been shown to have a commercially attractive diamond population at near economic grades. Given the existing mining infrastructure in this region and the subsequent low cost of mining, the required grade to meet an economic resource here is very low. The recent discovery of several pipes - the Lapointe being the largest yet discovered in Ontario at over 20 hectares - has resulted in a very large area of ground being staked between "New Liskeard and Matachewan. Of the 22 pipes in Timiskaming, 12, or 55%., are thought to have a micro or macro diamond population. Four Timiskaming pipes (KLOl, KL22, 95-2 and Lapointe) have been sufficiently diamondiferous to warrant a delineation drilling campaign of 15-20 drill holes, held to be the second stage of the four stage diamond sampling process. One pipe, Contact's 95-2, has warranted a full mini-bulk sample, the third stage of diamond resource sampling. This report covers the diamond drilling of a single guide hole in pn;:paration for a reverse circulation drilling ofa large tonnage sampling of the Lapointe kimberlite in the winter on 2007-08. Based on the Discover Abitibi airborne survey of the Round Lake area in early 2004, Tres-Or Resources staked its initial 4 claims in NE Sharpe-NW Savard Twps. After initial work, the first hole drilled intersected kimberlite beneath 83m (vertical) of overburden. The pipe was subsequently named the Lapointe kimberlite. The Lapointe kimberlite intrudes a granitic batholith know as the Round Lake Granite. This batholith intrudes Archean metavolcanics and metasediments of the Abitibi Greenstone Belt. Diabase dykes traverse the granite at several locations with both a northeast and east northwest trend. Fault structures also traverse the granite. Numerous small deposits or showings of gold, copper, lead and silver are known to occur along the periphery of the intrusive. Tres-Or Resources has now completed 4288m of delineation drilling on the Lapointe discovery with over 440 diamonds recovered. Diamonds were present in all phases of the 23-hectare kimberlite. Once the delineation program was completed, Tres-Or Resources applied for the two claims underlying the kimberlite to be taken to lease. The leases were granted in March 2007. Claim 4200057 (16 units) is now Mining Lease G8080240 and claim 4200058 (8 units) is now Mining Lease G8080239. The next step was for the company to undertake a large tonnage sample. Due to the cost of this test, a guide hole was deemed necessary to ensure the entire length would sample kimberlite and not be hampered or reduced by large xenoliths of either granite or limestone as is found locally. The costs of the diamond drilling program described above, including the fieldwork, the direct costs of access and drilling, logging the core, the evaluation, writing and producing this report are filed herein as assessment work. 5250000 5300000 5350000 ..--.. 0 U 0 L. D V D D P .,...£ 'f ~·Ir/ U1 L.1...l.. D • rT"l " I 0 EP -L..U" .- I ~ ..... rJ.P""" Q9 11 u - ~, D ~ ~)} ~ a .rrn-. / ~ J \ • J:?- , Ia ~ ~ 1 --- )} II. II:J / -'- I I D ~ /- • C :Jl~ ~ / ~ ~ / V1 D ~ ~ D ~ ~ ,,\ 0 .A. ~ / ' ~ ""- ",,,, ~ \ "'" ~\~ l..,......--'" ~ 2S A \ ~~ \ 3 =t. /1 , - - C"'c:: (I) 0> ~ I J U ::l.::J ur r\K ~Q. " (l)r ,,0> LZ::: ~ _. '" /, ~(I) --.... QUEBEC Q. --2S z 3 (I) C"':E ~r ...... \ s: Cii" 0 (I)", 0 ,,(1) 0 -.0> 0 (I) a ~*- Y Q. 0 C/) Z 0- 0- U1g gU1 o (3 g o 0 0 ~ 0 * s:: (I),..... (I).., (J) ooooszs ooooo£s oooos£s TABLE OF CONTENTS Summary ....................................................................................................................................................................... 2 Property Access And Description ................................................................................................................................ 4 Regional Geology ......................................................................................................................................................... 8 Drill Program Access ................................................................................................................................................... 11 Drill Program: ............................................................................................................................................................. 15 Conclusions And Recommendations .......................................................................................................................... 19 References .................................................................................................................................................................... 20 Statement Of Qualification ......................................................................................................................................... 21 Statements Of Qualification ........................................................................................................................................ 22 Appendices: ................................................................................................................................................................. 25 LIST OF' FIGURES Figure I. Kimberlite Fields .......................................................................................................................................... 5 Figure 2. Tres-Or Resources - Arctic Star Diamonds Claim Map ................................................................................ 6 Figure 3. Regional Geology Map ................................................................................................................................... 9 Figure 4. Legend for Regional Geology Map ............................................................................................................ IO Figure 5. Regional Access ......................................................................................................................................... 12 Figure 6- Local Access .............................................................................................................................................. 13 Figure 7. Drill Hole Access ....................................................................................................................................... 14 LIST OF PHOTOS Photo 1. Core from top of hole - boxes 1,2 and 3 ..................................................................................................... 15 Photo 2. Core from boxes 34, 35 and 36 .................................................................................................................... 16 Photo 3. Core from boxes 43, 44 and 45 .................................................................................................................... 16 LIST OF' TABLES Table I: Diamond Drill Program Details .................................................................................................................... 17 LIST OF AIPPENDICES Appendix I ..................................................................................................................................... Drill Logs Appendix II ................................................................................................................ Drill Plan and Section Appendix 111. ................................................................................. Rock Quality Determination (RQD) table Appendix IV .................................................................................................... Magnetic Susceptibility Chart Appendix V ........................................................................................ MPP Probe Specification Information PROPERTY ACCESS AND DESC]lIPTION The property, for this report, refers to the 2 leased claims staked by Tres-Or Resources, namely: 4200057 (now G8080240) and 4200058 «now G8080239) - a total of 24 units -- although they are now part of a larger holding scattered over 27 townships. The claims are at the junction of Sharpe and Savard Townships along their northern boundary with Blain and Marquis Townships (Figure2). There is a single 4-unit, patented claim immediately north of 4200057. Tres-Or has an existing option agreement with the property owner - G.Shortt. The Lapointe claims are located approximately 26 km southwest of Kirkland Lake, 23 km northwest of Englehart and 57 km north-northwest of New Liskeard. The property is locatedjust less than lOkm due west of secondary Highway 573 running between Charlton and Hwy 11 (south-Y intersection to Kirkland Lake). Hough Lake Road runs due west from Hwy 573 for 6.5km on a well-maintained township road. From there, access