TECHNI ICAL REP PORT & MINE ERAL RES SOURCE E ESTIMAT TE: Ea ast Cadilllac Gold P Project, Val-d’’Or, Québ bec NTS 32-C/03, 31N N/14 Pre epared for:
Chalice Gold Mines Liimited
MRB & Ass sociates 1100-1740 chemin Sullivan V Val-d’Or, Qc c, J9P 7H1
Joh hn Langton P.Geo. Abderrrazak Ladidi P.Geo. February 12, 2017
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TABLE OF CONTE NTS 1.0 SUMM MARY ......................................................... ........................................................ 5 1.1 Introd duction ...................................................... ........................................................ 5 1.2 Prope erty Descripttion and Ow wnership .................... ........................................................ 5 1.3 Geolo ogy and Mine eralization .................................. ........................................................ 5 1.4 Resou urce Estimatte ............................................. ........................................................ 6 1.5 Conclusions ....................................................... ........................................................ 6 mmendation ns.............................................. ........................................................ 6 1.6 Recom 2.0 INTRO ODUCTION AND A TERMS OF REFERE ENCE ......... ........................................................ 8 2.1 Sourc ces of Inform mation ....................................... ........................................................ 8 2.2 Site Visit V ........................................................... ........................................................ 8 2.3 Units of Referenc ce .............................................. ........................................................ 9 ANCE ON OT THER EXPERT TS............................ ...................................................... 12 3.0 RELIA 4 4.0 PROPE ERTY DESCR RIPTION AND LOCATION.............. ...................................................... 13 4 4.1 Location ........................................................... ...................................................... 13 4 nure and Disposition ................... ...................................................... 13 4.2 Minerral Claim Ten 4 4.3 Royalties and Related Inform mation ....................... ...................................................... 16 4 onmental Liabilities ..................................... ...................................................... 16 4.4 Enviro 4 4.5 Permiits ............................................................ ...................................................... 16 4 4.6 Otherr Relevant Factors ....................................... ...................................................... 17 4 4.7 Prope erty Summary ............................................. ...................................................... 17 5.0 ACCES SSIBILITY, LOCAL L RESO OURCES, INFRASTRUCT TURE AND P PHYSIOGRAP PHY.................. 18 6.0 HISTO ORY ........................................................... ...................................................... 19 6.1 The Nordeau N Projject Claim Blocks B (Nord deau East, N Nordeau We est, Bateman n and Persh hing Denain bloc cks) ........................................................... ...................................................... 19 6.1.1 Nordeau Ea ast and Nord deau West claim c blockss ..................................................... 19 c work ....................................... ...................................................... 19 6.1.1.1 Historic 6.1.1.2 Recent work ........................................ ...................................................... 24 6.1.2 Bateman cllaim block .................................. ...................................................... 30 c work ....................................... ...................................................... 30 6.1.2.1 Historic 6.1.2.2 Recent work ........................................ ...................................................... 31 6.1.3 Pershing-Denain claim block ....................... ...................................................... 33 C Projec ct Claims (L Lac Simon, Nova N and Villebon block ks) ................................... 34 6.2 The Chimo 6.2.1 Lac Simon & Nova claim blocks ................... ...................................................... 34 aim block ................................... ...................................................... 37 6.2.2 Villebon cla OGICAL SET TTING ........................................ ...................................................... 38 7.0 GEOLO 7.1 Regional Geology y ............................................... ...................................................... 38 7.2 Local Geology .................................................... ...................................................... 40 erty Geology y ............................................... ...................................................... 41 7.3 Prope 7.4 Geolo ogy of Norde eau West De eposit ....................... ...................................................... 44 7.5 Minerralization .................................................... ...................................................... 44 8.0 DEPOS SIT TYPES ................................................. ...................................................... 49 9.0 EXPLO ORATION .................................................... ...................................................... 50 10.0 DRILL LING .......................................................... ...................................................... 50 11.0 SAMPL LE PREPARA ATION, ANAL LYSES AND SECURITY . ...................................................... 51 12.0 DATA VERIFICATIION ........................................... ...................................................... 52 RAL PROCES SSING AND METALLURG GICAL TEST TING ................................................ 53 13.0 MINER 14.0 MINER RAL RESOUR RCE & MINE ERAL RESER RVE ESTIMAT TES ................................................. 54 14.1 Introd duction ...................................................... ...................................................... 55 14.2 Drill-h hole Data Va alidation .................................... ...................................................... 55 14.3 Assay y Geostatistiics ............................................ ...................................................... 58
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14.4 Geolo ogy & Minera alized zone Interpretation & Modelling ................................................. 62 14.5 Minerralized Zone Assays & Compositing C ............... ...................................................... 67 14.6 Assay y Composite e Grade x Th hickness Con ntouring .... ...................................................... 71 14.7 Variog graphy ...................................................... ...................................................... 72 14.8 Block Modelling & Grade Estimation Para ameters .... ...................................................... 75 cs ............................ ...................................................... 79 14.9 Speciffic Gravity & Volumetric 14.10 Dilutio on & Recove ery ............................................ ...................................................... 79 14.11 Metallurgical Con nsiderations ............................... ...................................................... 79 onmental Co onsideration ns ............................. ...................................................... 79 14.12 Enviro 14.13 Cut-off Grade .................................................... ...................................................... 80 urce Estimatte ............................................. ...................................................... 81 14.14 Resou 14.15 Summ mary of Cate egorized Res sources ..................... ...................................................... 85 14.16 Conclusions ....................................................... ...................................................... 86 CENT PROPE ERTIES....................................... ...................................................... 89 15.0 ADJAC 16.0 OTHER R RELEVANT T DATA AND D INFORMAT TION .......... ...................................................... 90 17.0 INTER RPRETATION N AND CONC CLUSIONS .................. ...................................................... 91 18.0 RECOM MMENDATIO ONS .......................................... ...................................................... 93 19.0 REFER RENCES ..................................................... ...................................................... 95 CERTIFICAT TE OF QUALIFICATION ................ . ................ .................................................... 103
LIST OF FI IGURES Figure 2.1 Simplified S ge eological ma ap of Abitibii Greenston e Belt in Qu uebec ................................. 10 Figure 2.2 Regional R bas se map show wing locatio on of the Easst Cadillac G Gold Propertty ...................... 11 Figure 4.1 Base-map B of East Cadillac Gold Pro operty show wing claim grroups stake ed and optioned by Chalice ..................................................................... ........................................................ 14 E Cadillac c Gold Prope erty showing formerly d distinct claim m groupings s owned by various Figure 4.2 East exploration companies ................................................ ........................................................ 15 E Cadillac c Gold Prope erty showing distributio on of inform mal claim blo ocks from prrevious Figure 6.1 East exploration work ........................................................ ........................................................ 20 B results (highlighted d) from 198 88 drilling by y Monicor (G GM48430) .......................... 22 Figure 6.2 Best Figure 6.3 Best B results (highlighted d) from 198 88 drilling by y Monicor (G GM48507) .......................... 23 Figure 7.1 Regional R geo ology map of o Abitibi Grreenstone Be elt showing location of East Cadilla ac Gold Property ................................................................... ........................................................ 39 S ge eological ma ap of southe eastern partt of Abitibi G Greenstone belt ................... 42 Figure 7.2 Simplified Figure 7.3 Geology G und derlying the East Cadilla ac Property ........................................................ 43 Figure 7.4 Simplified S sttratigraphic column for the area off the East Ca adillac Gold Property ............ 45 Figure 14.1 Plan map of o former No ordeau Westt property li mits & drill--holes used to calculate e the MRE ......................................................................... ........................................................ 57 al Probability y Plot – All Au A Assays (uncut) ............................................... 59 Figure 14.2 Log-Norma ssay Sample e Interval L Lengths .............................................. 61 Figure 14.3 Histogram Plot – All As wn-dip View w – Geology Solids & Su urfaces Mod del ...................... 64 Figure 14.4 3-D Isomettric Top/Dow oss Section View V – Geollogy Solids & Surfaces Model................. 65 Figure 14.5 3-D Isomettric N-S Cro ongitudinal Section View w – Geology y Solids & S Surfaces Mod del ..................... 66 Figure 14.6 2-D E-W Lo e Sample In nterval Lengths .................................... 68 Figure 14.7 Histogram Plot – Mineralized zone al Probability y Plot – Mineralized zon ne 1.5 m Co omposites (A Au cut) ............... 70 Figure 14.8 Log-Norma ongitudinal Section View w – Compossite Grade x Thickness Contouring ........ 71 Figure 14.9 2-D E-W Lo own-Hole Se emi-variogra am – 1.5 m Compositess (Au cut) ........................... 72 Figure 14.10 Linear Do ogram – 1.5 5 m Compossites (Au cutt) ....................... 73 Figure 14.11 3-D Omnii Directionall Semi-vario ctional Semi-variogram – 1.5 m Co omposites (A Au cut) Az 0 090 Dip -30 ........ 74 Figure 14.12 3-D Direc ctional Semi-variogram – 1.5 m Co omposites (A Au cut) Az 2 270 Dip -60 ........ 74 Figure 14.13 3-D Direc
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14.14 2-D E-W Longitudina L l Section Vie ew – Minera alized zone Block Model ........................ 76 S$/oz Au) – 6 Monthly D Daily and 30 0 Day Movin ng Averages s ....... 80 14.15 Graph Gold price (US L Section View – Indicated Ressource Block ks & DDH In ntersections ........ 83 14.16 2-D E-W Long h-facing longitudinal se ection – Mine eralized zon ne Block Model ..................... 85 14.17 2-D South h-facing longitudinal se ection – Mine eralized zon ne Block Model ..................... 86 14.18 2-D South h-facing longitudinal se ection – Mine eralized zon ne Block Model ..................... 87 14.19 2-D South 15.1 Former Chiimo Gold Miine (July 2006)........... ........................................................ 89
ABLES LIST OF TA T Table 1.1: Summary S off Mineral Re esource Estim mate - Eastt Cadillac Go old Property y ......................... 6 T Table 1.2: Preliminary P Budget for Recommend ded Work on n East Cadilllac Gold Pro oject .................... 7 T Table 4.1: Claim C inform mation for Globex G Mining’s Batema n and Norde eau propertties .................... 15 T Table 6.1: Nordeau N We est Historica al “Reserves” Estimate ffrom Tremb blay (1990).......................... 21 T Table 6.2: Nordeau N We est Historica al “Reserves” Estimate ffrom Jean (1990; GM49 9867) ................. 24 T Table 6.3: Summary S off 2006-2007 7 Nordeau Project P Drillin gn (Plato Go old) .................... 26 ng Campaig T Table 6.4: Summary S off 2008 Nordeau West Drilling D Camp paign (Plato o Gold) ............................... 26 T Table 6.5: Mineral M Reso ource Estimate - Norde eau West (frrom Langton n and Horva ath, 2009) ........... 27 T Table 6.6: Summary S off 2009 Drill--Holes: Nord deau East C laim Block .......................................... 27 T Table 6.7: Selected S Bes st Results off 2009 Diam mond-Drill H Hole Campaiign-Nordeau u East ................. 28 T Table 6.8: Summary S off 2010 Drill--Holes: Nord deau East Prroperty .............................................. 28 T Table 6.9: Summary S off 2011 Nordeau East Drrill-Holes .... ........................................................ 29 T Table 6.10: Best results s of Globex Re-samplin ng Programm me .................................................... 30 T Table 6.11: Selected Be est Results From 1988 and 1990 B Bateman Driilling Progra ams .................... 31 T Table 6.12: Summary of o 2009 Drill-Holes: Batteman Claim m Block .............................................. 32 T Table 6.13: Summary of o 2011 Drill-Holes on the t Bateman n claim blocck ...................................... 32 T Table 6.14: Summary of o Selected 2011 Best Drilling D Resu ults: Batema an East Property .................. 33 T Table 6.15: Best Resultts From 198 83 Louvem Drilling, D Sim mon West Occcurrence ........................... 35 T Table 14.1: Summary of o DDH's in Nordeau West Databasse ..................................................... 56 T Table 14.2: Univariate Histogram Statistics S – All Au Assay ys (uncut) .......................................... 58 T Table 14.3: Univariate Histogram Statistics S – "Historic" A Au Assays (u uncut) ................................ 60 T Table 14.4: Univariate Histogram Statistics S – "Recent" Au u Assays (uncut) ................................. 60 T Table 14.5 Univariate Histogram H Statistics S – All A Assay Sa ample Interv val Lengths ......................... 61 T Table 14.6: Univariate Histogram Statistics S – Mineralized Zone Au Asssays (uncu ut) ...................... 67 T Table 14.7: Univariate Histogram Statistics S – Mineralized Zone Samp ple Lengths ......................... 67 T Table 14.8: Mineralized d Zone Com mposites ..................... ........................................................ 69 T Table 14.9: Univariate Histogram Statistics S – Mineralized Zone 1.5 m Composite es (Au cut).......... 69 T Table 14.10 0: Bank of Canada C Montthly Average US$ Curre ency Exchan nge Rates ........................... 80 T Table 14.11 1 Cut-off Gra ade Calculattions - Nord deau West R Resource............................................. 81 T Table 14.12 2 Indicated Resources R at a Incremental Cut-off G Grades ............................................... 82 T Table 14.13 3 Estimates of Additiona al Inferred Resources R a at Various Cut-off Grade es ...................... 84 T Table 14.14 4 Summary of Categoriz zed Resourc ces at 2.75 gpt Au Cut--off Grade ........................... 85 T Table 17.1 Summary S of categorize ed resources s at 2.75gptt Au cut-off grade: Nord deau West P Project - East Cadillac Gold Pro operty ........................................ ........................................................ 92 T Table 18.1 Preliminary Budget for Recommended Work o on East Cadillac Gold Prroject .................. 94 LIST OF AP PPENDICES S A APPENDIX I - List of Claims
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1.0 SUMMA ARY 1.1 Introduction d Mines Lim mited (“Chalice” or, the “Company”) “ ), the paren nt company to Chalice G Gold Chalice Gold Mines (Quebec) Inc., is s a publicly traded t junio or mining co ompany liste ed on the Australian Sttock ASX: CHN) and Toronto o Stock Exch hange (TSX X: CXN). Exchange (A T This Reportt was prepared by John n Langton (M.Sc., P.Ge eo.) and Vin ncent Jourda ain (Ph.D., P.Eng.), (the “Autho ors”), of MR RB & Associa ates, in acc cordance witth Ministère e des Resso ources naturelles et de la Faune e du Quebec c standards of disclosurre for minerral projects.. Misters Langton and JJourdain are Qualifie ed Persons according to o National Instrument 43-101, an nd are of th he opinion tthat the recommend ded explorattion program mme is apprropriate, con nsistent witth those of o other junior mineral exploration companies currently operating o in the area, a and necessa ary in orderr to help de etermine tthe mineral potential of the Properrty. 1.2 Proper rty Descrip ption and Ownership O On Octobe er 12th, 2016, Chalice announ nced (*see e www.chalicegold.com m /Investo or /ASX A Announcem ments for Ch halice press s announcem ments), tha t it had sig gned a bind ding letter o of intent w with Globex x Mining Entterprises Inc c. (“Globex””) to acquire e its interestt in the 1,45 54 hectare N Nordeau Project, con nsisting of 37 3 claims ow wned 100% by Globex and 17 claims in which Globex m maintains a 60% inte erest. On No ovember 23 3rd, 2016, Chalice C furth her announcced that it had entered into a binding opttion to acqu uire a 70% interest in 73 claims comprising the Chimo o Gold Proje ect from Richmont Mines M Inc. (“Richmont”). The Chimo o Gold claim ms, which arre contiguou us with the N Nordeau Project claim ms, cover 2,593 hectarres. T To further consolidate e its land position Ch halice stake ed 23 additional claim ms, totalling g 1,325 n the immed diate vicinitty of the No ordeau and Chimo projject claims,, in Septem mber and hectares, in November of o 2016. Chalice’s co onsolidated land holdin ngs, herein referred to o as the Ea ast Cadillac c Gold Proje ect (the ““Property” or o the “Proje ect”), are in n western Quebec (NTS S Map 32C/0 03 and 31N//14), covering parts of Vauquelin, Villebon, Pershing and Denain townships, t ssome 50 killometres ea ast-southeas st of the d’Or, and co omprise a significant co ontiguous la and position along the e easternmostt part of City of Val-d tthe Larder Lake-Cadillac fault zo one, a prolific regiona al structural break tha at hosts nu umerous d active gold d mines. historic and 1.3 Geolog gy and Mineralization n T The Propertty is within the Abitibi Greenstone G Belt, overly ying a highlly sheared s sequence off altered greywacke, iron forma ation and mafic m volcan nic rocks alo ong nearly 15 kilomettres of strik ke. Gold ociated with h quartz veins containing dissemin nated to mineralization on the Property is found asso semi-massiv ve sulphide es, typically within sed dimentary ro ocks in closse association with magnetite iron formatiions, or in sheared s and altered mafic volcanic rocks. T The immediiate vicinity of the East Cadillac Go old Property y has been tthe focus of exploration n activity since the mid-1940’s m when w gold-bearing lense es were fou nd near the e present da ay Chimo Go old Mine (now closed d), which op perated for nearly 15 years y and prroduced in e excess of 34 49,000 gold d ounces until its clo osure in late e 1996. The e East Cadillac Gold P Property hossts numerous catalogu ued gold occurrences s, several with historic resources.
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1.4 Resour rce Estimate T The Nordea au West dep posit, 1,500 0 m east off the closed d Chimo Min ne, hosts a NI 43-101 Mineral Resource, the only currrent resourc ce on the Ea ast Cadillac Gold Projecct. T The 2017 Mineral M Reso ource Estima ate of Norde eau West, summarized in Table 1.1, is based d on 121 drill-holes. Gold grades s were determined usin ng an inversse distanced d-squared algorithm intto a 3-D el with X-Y-Z Z (i.e., eastt-west, nort h-south, ve ertical) block k dimension ns of 5.0 (Gemcom) block mode de of 2.75 gpt g Au ($14 45/tonne pro oduction cost) was use ed in the m x 2.5 m x 5.0 m. A cut-off grad s. An assum med gold price of US$1250/oz at a an exchange e rate of $C CAD 1.31/$US 1.00 calculations w was selected for cut-off grade calc culations. Table 1.1: Summ mary of Min neral Reso ource Estim mate - Eastt Cadillac G Gold Properrty Au Grade In-S Situ Au Resource e (Category) Zone Tonnes s (gp pt) (oz) No M Measured Ressources Measured Main 223,382 4.18 30,019 Indicated B 1,960 3.07 193 Total 225,342 4.17 30,212 Total 225,342 4.17 30,212 Measured + Indicated Main 1,097,749 4.1 144,635 Inferred B 14,572 3.59 1,680 T Total Inferred Total 1,112,321 4.09 146,315
1.5 Conclu usions T The East Cadillac Gold G Projectt overlies a tectono ostratigraphiic corridor characteriized by ( es”), rangin ng in thickn ness and intensity, tha at divide anastomosing high-strain zones (“shear-zone tthe host sedimentary s and mafic c volcanic rock into hectometricc to kilome etric “lozen nges” of relatively un ndeformed rock. This “corridor” is interpreted to represen nt the easte ern extensio on of the renowned Larder L Lake--Cadillac Bre eak (Cadillac Tectonic Z Zone) - a 30 00 km long, first-order tectonic ““break” tha at defines the t Pontiac c-Abitibi sub bprovince b boundary in n the regio on, and is host to numerous syn-deforma s ational, epig genetic qua artz-vein/dissseminated gold-ore sy ystems. The e shearzones and the seconda ary fracturin ng and brec cciation tha at have affe ected the ro ocks underly ying the e of primary y importanc ce to minera alization, as they are in nterpreted to o have acted as the Property are principle pa assage ways s for sulphid de- and gold-bearing ssolutions. Th he East Cad dillac Gold P Property covers apprroximately 15 km of prospective ground g alon ng this corridor, which hosts a NI 43-101 mineral res source, the Chimo Gold d Mine (clo osed), and numerous ccatalogued gold-minera alization occurrences s. The autho ors conclude e that the East E Cadillacc Gold Property merits further exp ploration ffor additional gold reso ources. mmendation ns 1.6 Recom Future exploration work on the East Cadilla ac Gold Pro operty is warranted. T The work programs ude diamon nd-drilling focused f on further dellineating the resource at Nordeau West, should inclu w which were e largely de eveloped fro om the success of reccent drilling campaigns s (2006-201 11), the success of which were e attributed d to the re-analysis o f historic d drilling data using mod dern 3D m grade g contou uring and ex xperimentall block mod delling for ta argeting exp ploration geological modelling, drilling.
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T The tectono ostratigraphic sequence e that hosts s the Norde au West resources con ntinues to the east, and has bee en intersectted by nume erous historric and recen es, but few h holes have ttargeted nt drill-hole tthe sequenc ce below 25 50 depth. To T the west,, beyond the limits of C Cartier Reso ources’ Chim mo Mine property the sequence e is similarly y recognized d and has b been tested along the Simon Wes st - Blue dor, but not rigorously. Grass corrid T The authorrs recommend that the t same exploration n strategiess and tech hniques tha at were successfully y applied att Nordeau West W be applied to the e other occurrences on n the Prope erty that host historic c resources,, and/or kno own concentrated gold mineralizattion. A resource-database off the historic geologicall and drilling g data, simiilar to that w which was c compiled ffor the Nord deau West block, b is rec commended for the rem mainder of th he East Cad dillac Gold P Property. T The study should s proviide for an aggressive a drilling d prog ramme to ttest deeper parts of the e known mineralization along ind dicated tren nds identified from this and previou us studies. It is recomm mended that future exp ploration by Chalice sho ould include the followin ng work: Phase 1 ace mapping g accompan nied by rock, soil, core a and spectra al analyses; surfa airbo orne EM surrvey; data integration n including verifying and mergin ng existing drill hole databases, adding vant historic cal data, and d generating g a 3D mod del of the co onsolidated p property; relev LiDA AR survey fo or 3D modeling surface control; surfa ace stripping g, mapping and sampling on priority targets; diam mond-drilling g down-dip of o known mineralized m o occurrences. Contingent on positive Phase I res sults, the Ph hase II explo oration prog gram should d comprise: Phase 2 mond-drilling g on a range e of targets generated by Phase 1 studies and d exploration n work; diam A preliminary budget fo or the recom mmended work is summ marized in T Table 1.2. nary Budge et for Reco ommended d Work on E East Cadilla ac Gold Pro oject Table 1.2: Prelimin Drilling Cos st / Phase 1 Bu udget (mettres) me etre $200,000 Surface sam mpling - rock, soil, core and spectral sampling $85,000 A Airborne AE EM survey $50,000 Data compilation and in ntegration, generation of 3D mode el $50,000 LiDAR survey y $100,000 Surface stripping, mapping and sampling on priority p targ ets Drilling to expand e existting mineralized zones 1,6 600 $2 250 $4 400,000 Contingency y 15% $132,750 Sub btotal Phas se 1 $1,0 017,750 Drilling Cos st / Phase 2 Bu udget (mettres) me etre Drilling of ta argets gene erated by Ph hase 1 work 4,0 000 $2 250 $1,000,000 Contingency y 15% $150,000 Sub btotal Phas se 2 $1,1 150,000 Overall T otal $2,1 167,750
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2.0 INTRO ODUCTION AND TERM MS OF REFE ERENCE T This Technical Report on o the East Cadillac Go old Project ((the “Property”) was co o-authored by John nd Aberrazak Ladidi (th he “Authors s”) of MRB & Associattes (“MRB”)) at the req quest of Langton an Patrick Leng gvel, Explorration Manag ger (Canada a) of Chalice e Gold Mine es Limited (““Chalice”). T The East Cadillac Go old Project is located in western Quebec, C Canada, som me 50 kilom metres eastt of the Municipality y of Val-d’O Or, in the ge eological se etting known n as the Ab bitibi Greenstone Belt (Figure 2 2.1). T The purpose of this re eport is to support s the public discllosure of go old resource es on the P Property. T The Authorrs’ review and a prepara ation of this report w were carried d out in co ompliance w with the standards of o the Cana adian Securrities Admin nistrators’ N National Insstrument 43 3-101 (NI 43-101) policy. Chalice is a pub blic company y headquarttered in Ausstralia tradin ng under th he symbol “C CHN” on tthe Australian Stock Exchange E (ASX) and “CXN” “ on tthe Toronto o Stock Exc change (TSX X), with orporate offices located d at: 1 Yonge e Street, Su uite 1801, To Toronto, Ontario. Canadian co In October of 2016, th he Company y retained MRB, a Val-d’Or-based d geologicall consulting firm to ational Instrrument 43-1 101 (NI 43-101) Techniical Report o on the Nord deau Projectt claims. author a Na T This manda ate was exp panded in November N 2016 2 to incllude all of the consolid dated East Cadillac Gold Project holdings (Figure 2.2). The effective date off this Reportt is Decemb ber 31, 2016 6. T The purpos se of this document d is s to provide e Chalice’s Board of D Directors wiith an independent T Technical Report R on th he East Cadillac Gold Project that will include e an update ed Mineral R Resource Estimate (M MRE) on the e Nordeau West W gold deposit, d and d to provide e recommen ndations forr further exploration.. It is unders stood that this Technica al Report (tthe “Report””) will be ussed to supp port the sub bsequent public disclosure of the mineral resource r un nderlying th he East Cad dillac Gold P Project by ffiling on www.sedar.com), as req quired by NI 43-101. * *System forr Electronic Document A Analysis SEDAR* (w a and Retriev val: the princ cipal filing system s of th he Canadian n Securities Commission n. 2.1 Source es of Inform mation T The bulk of the historic cal geological informatiion sourced for this Report was distilled from the onOM database e (http://sigeom.mine es.gouv.qc.cca/signet/cla asses/I1102 2_indexAccu ueil?l=a) line SIGEO of the Minis stère des Re essources naturelles n ett de la Faun ne du Quebec (MRNFQ). The Auth hors also made use of publicly y available Assessmen nt Reports, on-line re esources, p publications of the S of Canada, C scie entific papers from varrious earth science Jou urnals. A lis st of the Geological Survey principal material m reviewed and used in the preparatiion of this document is included d in the References section of this document. T This Reportt draws he eavily from previous reports r by Kramo and d Langton (2010; GM M65127), Langton and d Horvath (2009; GM64 4504) and Bourgoin B and Castonguay (2007; G GM64272). 2.2 Site Visit JJohn Langto on, conducte ed site visits s to the Eas st Cadillac G Gold Project on Octoberr 17th and th November 13 1 of 2016 6. During the ese forays, Mr. Langton n checked th he access to o the Properrty, located histtoric drill-collars and checked for be edrock expo osures. The main acces ss trails are all open tto pick-up trucks, t thanks in part to o the local hunters h who o have clearred the trails s of fallen trrees to allow access s to their hu unting sites.. Most of the e secondary y trails are a also readily accessible b by ATV. T The area of the Propertty is mainly covered by y glacio-fluv ial deposits; however, the few outtcrops tthat were se een corresp ponded to th he mapped geological g u nits.
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T The drill site es and drill roads from the recent drilling d prog grammes by y Plato Gold Corporation n (2006-2011 1) are easily y recognizab ble as such. Numerous drill collars from these campaigns were located, all of which ha ad intact me etal identifica ation flags, and were correctly identified. The TM coordina ates of all th he located ho oles were co orroborated d in the field d by a hand--held recorded UT GPS. The re ecorded dip and bearing g direction of o the collarr was also co orroborated on-site. Th here are no recent drill-holes on n the Properrty. Core fro om the previious drilling programs b by Plato Golld is yn-Noranda (QC). stored at Gllobex’s facilities in Rouy T There has been b no sign nificant new data generrated on the e Project since Mr. Lang gton’s site v visits. st T This report is considere ed current as a of December 31 , 20 016. o Referenc ce 2.3 Units of Currency am mounts ($) are reported d in Canadia an Dollars ( $ or CAD$) or “America an” dollars ((US$). Grid coordin nates on ma aps and figu ures are based on the U UTM NAD 83 3 Zone 18 prrojection. Quantities are a stated in n metric units, as per sttandard Can nadian and internationa al practice, including metric tons (ttonnes, t) and kilogram ms (kg) for m mass, kilometres (km) or metres (m) for ectares (ha)) for area, and grams (g g) or gramss per metric ton (gpt) fo or gold grad des. distance, he Where applicable, impe erial units ha ave been co onverted to the Interna ational Syste em of Units (SI onsistency. units) for co
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Fig gure 2.1: Siimplified geological map m of Abiitibi Greens stone Belt in Quebec c
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Figure 2.2: Regional bas se map showiing location of o the East Cad dillac Gold Pro operty
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3.0 RELIAN NCE ON OT THER EXPERTS Chalice pro ovided proffessional discussion an nd opinionss regarding g effective future exp ploration methods, and a provided information regardin ng the prop perty agreements and all geologic cal data pertaining to t the Projec ct in its poss session vicinity of tthe Cadillac T The results of known past activitties in the immediate i v c East Proje ect have marized in this report. Some of this historrical work ((i.e., geolog gical and ttechnical been summ reports), used to com mpile inform mation on the t Projectt area, werre prepared d before th he 2001 ation of Nattional Instru ument 43-1 101 and the e 2005 Reg gulations off 43-101. IIt is the implementa A Authors’ op pinion that these reports appear to have be een comple eted by “qu ualified proffessional geological personnel” p under u the definition d off NI 43-101 1, and that the informa ation was p prepared according to o standards acceptable to the exploration com mmunity at tthe time. T This report,, which has s been prepared in accordance to Regulation NI 43-101, is based o on data, reports and other inforrmation mad de available to MRB & A Associates b by the mana agement of Chalice. T The informa ation receive ed appears to be complete and, to o the best kn nowledge off the authorrs, is not misleading. The opinion ns stated he erein are giv ven in good faith. MRB & Asso ociates has not verified d the legal titles t to the Property orr any underrlying agree ement(s) tthat may exist e concerrning the lic censes or other o agreem ment(s) bettween third d parties; h however, MRB unders stands that Chalice is re esponsible to t have cond ducted the p proper legal due diligen nce. T The statements and opinions exp pressed in this t docume ent are give en in good faith implementing generally ac ccepted scie entific judge ement, prin nciples and practices, b based on in nformation p provided at the time e of writing,, and with the t belief th hat such sttatements a and opinions s are not fa alse and misleading at the date e of this Re eport. Because of the inherent u uncertainty in this proc cess, no o conclusion n is intende ed or can be e given. MRB B accepts no o responsibility for dam mages, if guarantee of any, suffere ed by any otther party as a a result of decisions made or acttions based on this report. T This Reportt was prepared in full accordance a ards; howev ver, as the s scope of with NI 43--101 standa tthe service es performe ed may nott be appropriate to ssatisfy the needs of o other partie es, it is understood that any use u that another party y makes of this reportt, or any re eliance or d decisions d upon it, except e for the purposes legislated under prov vincial secu urities laws, are the made based sole responsibility of th he other parrty. T The Authors s believe tha at the inform mation used d to prepare e this Reportt, and to forrmulate its conclusions and recommendations s, is valid an nd appropria ate considerring the stattus of the Prroject hich the Rep port has bee en prepared . and the purrpose for wh
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4 4.0 PROPE ERTY DESCRIPTION AND A LOCAT TION 4 4.1 Locatio on T The East Ca adillac Gold Property, comprises c a number off formerly d distinct claim m groupings s owned by various exploration n companie es, referred d to herein n as the N Nordeau We est, Nordea au East, P Villlebon, Nova a and Lac Simon S claim m blocks (Fig gure 4.1 and Figure 4 4.2), all Bateman, Pershing, of which are a closely related witth respect to their p physical loca ation, unde erlying rock k types, mineralization style and a explora ation targets. The co onsolidated East Cadillac Gold P Property comprises 150 claims s covering 5,372.4 he ectares mai nly in the southeast part of Va auquelin T Township, at a the easte ern end of the Val-d’Orr gold minin ng camp, so ome 50 km east of the town of V Val-d’Or, Qu uebec, on NTS N Map She eet 32C/03 (see Figure e 2.2). T The approx ximate centtre of the Project has s Universal Transverse e Mercator (UTM) coo ordinates 333300 Eas st, 5320200 0 North, in Zone 18 off the 1983 North Ame erican Datum m (NAD83) geoide; equivalent to t 48º 00’ 48” 4 Latitude,, 77º 14’ 07 7” Longitude e. T The properrty boundarries have not n been le egally surve eyed. The claim boun ndary outlin ne were obtained fro om the MRN NFQ website www.mrn nfp.gouv.qc..ca/mines/in ndex.jsp, an nd the GESTIM online claim management m t system (htttps://gestim m.mines.go ouv.qc.ca/). 4 4.2 Minera al Claim Tenure and Disposition D n A All claims comprising c the Properrty are currrently in go ood standin ng. The ren newal dates s, as of December 20, 2 2016, an nd the renta al fees, requ uired minim mum work and excess c credits are s shown in A Appendix I. I Details on claims renewals, worrk credits, cclaim accesss rights, allo owable exploration, developmen nt, mining works, w and site rehabilitation are summarized d in the Mining Act of Quebec available at www2.publicationsduq quebec.gouv v.qc.ca. T The rental fees required for the renewal of all of the claims upon their nex xt anniversa ary date he total asse essment wo ork credits rrequired for the renewa al of the amount to $7,259.22; whereas th prising the entire e prope erty upon th heir anniverssary dates a amounts to $146,607.6 60. claims comp T There are a total of $3,649,011.04 4 in accumu ulated work k credits from m work com mpleted by p previous exploration companies on the formerly separate properrties that co omprise the e East Cadillac Gold wever, these e credits cannot necessarily be disstributed accross the Prroperty. Dis sposition claims; how of the accum mulated work credits is s subject to the conditio ons outlined d in Section 76* of the Quebec Mining Act (http://legis ( squebec.gou uv.qc.ca/en//ShowDoc/ccs/M-13.1).
*The holderr of adjoinin ng claims ma ay, not later than the daate of the exppiry of the cclaim to be rrenewed, aapply all orr part of thee amounts sp pent to perfform, in resppect of a cllaim, any woork in excesss of the pprescribed requirements r s to a claim the renewall of which is applied for,, up to the amount necesssary for its renewal, provided the land that is i the subjecct of the appllication for rrenewal is inncluded withhin a 4.5 kkilometre ra adius circle measured m fro om the geom metrical centtre of the paarcel of landd subject to thhe claim in respect off which workk was perforrmed in excesss of the preescribed requuirements.
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Figure 4.1: Base-map of East Cadilla ac Gold Prope erty showing claim c groups staked and op ptioned by Ch halice
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Figure 4.2: East Cadillac Gold Property y showing form merly distinctt claim groupiings owned by y various exp ploration companies c
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4 4.3 Royalties and Re elated Infor rmation gned a binding letter off intent with h Globex On October 12th, 2016,, Chalice announced that it had sig erprises Inc. (“Globex”) to acquire interest in G Globex’s 1,4 453.6 hectare Nordeau Project, Mining Ente consisting of o 37 claims s owned 100% by Glob bex and 17 claims in w which Globex maintains s a 60% interest. Ch halice may acquire a its interest i in the t Nordeau u Project cla aims by ma aking annua al option payments totalling t CA AD$590,000 0 over four years to Globex (inccluding an initial paym ment of CAD$120,000 in the firrst year) an nd undertakiing explorattion expend ditures of CA AD$2.5 milliion, also d. Upon exe ercising its option o Chalicce will gran nt a 3% Gro oss Metal Ro oyalty to over a four year period ere are no existing e roya alties in rela ation to the e Nordeau P Project claim ms). Chalice has the Globex (the right to witthdraw from m the agreement, foreg going any in u Project cla aims, at nterest in tthe Nordeau any time. On Novemb ber 23rd, 2016, Chalice further ann nounced tha at it had en ntered into a binding o option to acquire a 70% interestt in 73 claim ms comprising the Chim mo Gold Pro oject from R Richmont Mines Inc. ontiguous w with Globex x’s Nordeau Project (“Richmont””). The Chiimo Projectt claims, which are co claims, cove er 2,593.4 hectares. Chalice C can earn e a 70% % interest in n the Chimo o Project by making ttotal option n payments s of CAD$2 200,000 to Richmont a and funding g exploratio on expendittures of CAD$3.1 million over a period of fo our years. equirements s and exerc cising the o ption, Chalice shall the en grant a 1% Net Upon meetiing these re Smelter Roy yalty (NSR) to Richmon nt on claims s with no prre-existing royalties. Chalice has tthe right tto withdraw w from the agreement at a any time, waiving its interest in the Chimo P Project claim ms. Upon completing all ob bligations un nder the terrm sheet an nd forming a joint venture, the agrreement o usual join nt venture dilution d term ms including g reverting tto a 1.5% N NSR (0.5% NSR on is subject to certain claims with prre-existing royalties), with a righ ht to buy b back 0.5% of the roy yalty for ect interest to less than n 10%. CAD$1.0M, upon eitherr party dilutting its Proje T To further consolidate c its i land position Chalice e staked 23 additional cclaims, totalling 1,325.4 hectares, in n the immed diate vicinity y of the Nord deau and C himo projecct claims, in Septemberr and November of o 2016. 4 4.4 Environmental Liiabilities c as ssigned to the Properrty for exp ploitation pu urposes. No environmental perrmits are currently ntal permit(s s) may be required r at a later date e to fulfil env vironmental requireme ents with Environmen tthe goal of returning the land to a use whose value is a at least equal to its pre evious value e and to m ecological and envirronmental sstability of the land a and its wattershed; ensure the long term nherited wit h any of th he claims on n the Property, and however, no environmental liabilitties were in tthere are no environm mental requirements to maintain a ny of the cclaims in go ood standing g at this ttime. 4.5 Permitts 4 Permits are e required for some of o the recom mmended e exploration programme es (e.g., diamonddrilling), and a potentially for their t assoc ciated env ironment-allteration undertakings s (e.g., w watercourse e alteration,, water-cros ssing, clear--cutting) as well. The a appropriate Permit Applications ffor these activities should s be submitted by Chalice e Gold to the appropriate gove ernment y fashion, allowing a for a four to six x week proccessing perio od. departmentts in a timely
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4 4.6 Other Relevant Factors F T To the Auth hors’ knowle edge there are no sign nificant facto ors, risks, o or legal issu ues that ma ay affect access, title e, or the righ ht or ability to perform work on the e Property tthroughout the year. 4 4.7 Proper rty Summa ary T The East Cadillac Gold d Property is i strategica ally located in the sou uth-eastern part of the e prolific A Archean Ab bitibi Greens stone Belt of o the Superrior Province e, at the ea astern extre eme of the V Val-d’Or gold mining g camp. The e East Cadillac Gold Properties are underlain b by rocks belo onging to th he Trivio litho-tectonic Domain (Rocheleau ( et e al., 1997), and are ttransected b by a large deformation corridor on of the Ca adillac Tecto onic Zone. T The volcano-sedimentary Trivio interpreted as the eastern extensio m up of a series off lenticular sedimentary s y units, including banded iron form mations, Domain is made and volcanic assemblag ges in shearred contact. n the prope erties is fou und as eithe er one of two styles o of occurrenc ces: (1) Gold mineralization on w mentary roc cks in close association n with magn netite iron fformations; (2) in shea ared and within sedim altered maffic volcanic rocks. The gold mineralization iss associated d with quarrtz veins co ontaining disseminate ed to locally y semi-mas ssive sulphid des. Gold iss usually fo ound in the e form of frree gold w within quarrtz veins or associated with sulph hide minera lization The e sulphide m minerals associated w with gold mineralizatio m n include arrsenopyrite, pyrite, pyrrrhotite and minor chalc copyrite. T The East Ca adillac Gold Property and surround ding area ha ave been th he focus of exploration activity since the mid-1940’s m when w gold bearing lenses were fo ound near tthe area that later hos sted the Chimo gold mine, whic ch operated for nearly 15 years an nd produced d in excess of 349,000 0 ounces sure in late 1996. until its clos programs on the Prope Numerous exploration e erty over the e years hav ve led to the e delineation n of gold bearing zon nes at a num mber of occurrences, fo or which the e following historical “rreserve” esttimates* w were calcula ated by prev vious operators: “Probable e Reserves” “Possible e Reserves” Nordeau East (Trembla ay 1988-89)) 162,200 to onnes @ 6.7 7 gpt Au 183 3,700 tonne es @ 6.0 gpt Au; est (Trembla ay 1988-89) 126,800 tonnes t @ 6. 2 gpt Au 24 42,600 tonn nes @ 6.3 gp pt Au; Nordeau We Nordeau We est (Explom mine-1990) 100,700 to onnes @ 5.3 3 gpt Au 180 0,000 tonne es @ 5.5 gp pt Au; Simon Westt: uncategorized “Reserrves” of 67,000 t gradin ng 6.30 gptt for lens A a and 34,000 t at 6.90 gpt Au u for lens B. *These esttimates are e strictly historical h in n nature an nd they sho ould not be e relied on n since tthey pre-d date the application of o Regulatio on 43-101 and make e use of cattegories different tto the ones set out in n sections 1.2 and 1.3 of the Re egulation. Furthermo ore, it has b been u to dettermine th he average assay grad des determined that the statistical methods used w were, in so ome instan nces, incorr rectly appllied. They a are, howev ver, indicattive of the potential of o the Prop perty to hos st a econom mically via able gold re esource.
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5.0 ACCESSIBILITY, LOCAL RES SOURCES, INFRASTR RUCTURE A AND PHYSIOGRAPHY T The Propertty is accessible from pa aved Highw way 117, the e main routte between Val-d’Or an nd MontLaurier, QC C. Approxim mately 6 km m south of the t village of Louvicou urt, an all s season grav vel road (“Chemin Chimo”) C lead ds east to the t former Chimo Mine e and the L Lac Michima anitou sportt fishing area. At kilometre 3.5 (from Hwy y 117), Che emin Chimo o passes thrrough the w western parrt of the or 1 km. Ch hemin Chim mo re-enterrs the Prop erty at kilo ometre 9.0,, just north h of the Property fo entrance to o the close ed Chimo Mine, M and remains wiithin the P Property until kilometrre 22.5. Secondary seasonal ro oads and trails off the arterial Ch hemin Chim mo allow dire ect access to most e Property (s see Figure 4.1). parts of the V Val-d’Or, 50 0 km west of the Property, is a comprehen nsive mining g centre su upplying pe ersonnel, contractors,, equipmentt and supplies to mining g and explo oration opera ations in the e area. Elec ctricity is relatively in nexpensive and a is main ntained by Hydro-Queb H ec. A high-v voltage pow wer line thatt served tthe past pro oducing Chimo Mine is still in place. There is ample locall supply of w water, both potable and for use in ore-proc cessing, if re equired. V Val-d’Or Airport (IATA A: YVO, ICA AO: CYVO), serves as a point off call for a air carriers offering p service, s and d services both b private e and comm mercial fixed d-wing aircraft and scheduled passenger helicopter operators, o located on site. The airport is cclassified in n the Regio onal/Local c category according to t the Natio onal Airportts Policy. Local L air se ervices conn nect to Tru udeau Interrnational A Airport in Montreal M (QC C), and to su urrounding communitie c es. Vehicle rentals are a available on--site. T The physiog graphy of th he Property area is fairrly flat-lying g with gently rolling top pography an nd large areas of mu uskeg and bog. b The are ea has very few exposu ures of bedrock, being u underlain m mainly by tthick glacial sand and gravel g deposits. Vegeta ation is bore eal, consistin ng mostly of black spru uce, jack t and various v shru ubs, mosses and lichen.. pine, poplarr and birch trees, T The area ha as a typical continentall boreal clim mate. Snow stays on th he ground from mid-No ovember and the ice leaves the lakes abou ut early-mid d May. Wintters can be bitterly cold d with temp perature J and d February. The grou und is frostt free from m May to O October. averaging –15°C in January a warm and relativ vely dry with a mean n temperature of 22° °C. Precipittation is Summers are moderate, ranging fro om 200 to 500 millim metres ann ually, with half of it arriving as s snow. s can be carried out year round d, though tthe wetland d areas are e better Exploration operations uring the winter months s when the ground is frrozen. accessed du T There is suffficient spac ce, and acce ess to surfac ce rights, fo r exploration work and for any eve entual mining operrations, tailings storage e, waste disposal, and p processing p plants.
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6.0 HISTORY s are e the princip pal repository for historical information on NOTE: The GESTIM and SIGEOM systems tthe Provinc ce’s mineral resources and are ac ccessible on nline at htttps://gestim m.mines.gouv.qc.ca/ and http://sigeom.mrn nf.gouv.qc.c ca/. The GES STIM and S SIGEOM web b-sites allow w on-line se earching of the Prov vince of Que ebec’s data abase of Pro ovincial Asssessment Re eports or “Gestimes M Minieres” (GM’s). A listing of GM’s pertinentt to the Eastt Cadillac G old Property y is included in the Refferences 1.0). (Section 21 T The East Cadillac C Golld Property y and surro ounding are ea has bee en the subjject of exp ploration activities siince the mid-1940’s m when w gold bearing le nses were found on the nearby y Chimo property. Numerous N ne ew gold-bea aring structures were d discovered during the 1950’s and 1960’s, by companies investig gating the potential p for iron ore in the sedimentary iro on formatio ons. The ffollowing summary off historical work completed on the Projectt is divided d on the b basis of al distributio on into the Nordeau N Pro oject claim b blocks and tthe Chimo P Project claim m blocks geographica (Figure 6.1 1). All coord dinates are UTM, U NAD83 3 Zone 18. I It should be b noted that t unless s otherwise e stated, a all drill-inte ervals reprresent dow wn-hole llengths an nd not true widths. 6.1 The No ordeau Pro oject Claim Blocks (Nordeau Eas st, Nordeau West, Ba ateman and d Pershing-Denain blocks) deau East and Norde eau West cllaim blocks s 6.1.1 Nord 6.1.1.1 His storic work k 1946-47: Oneonta O Pers shing Mines s Ltd. completed geolog gical and geophysical (M Mag) survey ys. Eight (8) holes were w subseq quently drilled on Nord deau West, under optio on at that time to Ins spiration Mining and Development Co., and encountere ed the first g gold indicatiions in the immediate a area. 1948-49: Oneonta O Pers shing drilled d 27 holes, totalling t 3,4 400 m, on N Nordeau Wes st. 1957-58: Nordeau Mining Co. Ltd.. completed a 24-hole p programme e, totalling 4 4,530 m, tha at led to tthe discovery of gold bearing lense es No.1, 2 and a 3 on the e Nordeau E East claim block (GM04860). 1962: Vauq quelin Iron Mines Ltd. (Mines de Fer F Vauque elin Ltée.) w was incorporrated, acquired the Nordeau cla aims (contig guous at th he time), and drilled 1 14 holes (1,150 m) de esigned to test the potential for iron ore in n the sedime entary iron formations f (GM12839). 1963-65: Vauquelin V Irron Mines Ltd. L did som me sporadic work including a geophysical EM M survey (GM16371) and drilled 5 holes (70 00 m) (GM16372; GM17 7080). he Nordeau West and N 1974: A sum mmary repo ort with drill-hole sectio ons was com mpiled for th Nordeau East blocks by Vauquellin Iron Mine es Ltd. (GM30500; GM3 30501). 1979-83: SOQUEM (So ociété Québé écoise d’exp ploration mi nière) optio oned the pro operties and d carried out magne etic (Mag) and electrromagnetic (EM) geop physical su urveys (GM37355; GM M38857; GM35513; GM36435; GM37356;; GM39354 4; GM3990 7; GM4027 74), along with geoc chemical M37729), fo ollowed by diamond-drrilling on th he Nordeau West and N Nordeau East claim surveys (GM blocks (GM36462; GM37746; GM39230). A total t of 41 holes (6,64 40 m) was completed. By this ttime, the in nformation gathered on n the gold zones delin neated on th he propertie es was such h that a ffirst “reserv ve” estimattion was prroduced on the Norde eau West and Nordeau u East occu urrences (Gagnon an nd Gagnon, 1982).
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owing distribu ution of inform mal claim bloc cks from previious exploratiion work. Figure 6.1: East Cadillac Gold Property sho
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1983: The property op ption was transferred t to Société minière Lou uvem Inc., who complleted an P) geophysical survey prior p to drill ing 12 holess totalling 2 2,608 m (GM M41828) induced polarization (IP ng the “reserve” estima ate on the Nordeau Wesst gold zone es. and updatin 1984: Louvem completted 21 holes s totalling 4,867 m on tthe Nordeau u East claim m block. bior flew a regional r VLF F-EM and mag m survey tthat covered d the area in the vicinitty of the 1987: Camb Cadillac Fault Zone frrom east off Val-d’Or to t lake Ma chi-Manitou u (approxim mately 40 k km) and omalies including stron ng magneti c trends along the len ngth of the current outlined numerous ano perty (GM45 5687). East Cadillac Gold Prop M Vauquelin Ltd. reg gained the property in 1987 and, following re ecommendations by 1987-90: Mines Roche Ltd., Consulting Group (“Ro oche”), completed 24 ho ordeau Westt and 30 oles for 4,721 m on No 5 m on n Nordeau East E (GM47 7403). This drill campaign led to o the estimation of holes for 5,889 historical “mineral res serves” by Roche (Tre emblay, 19 988a and 1 1989)(GM48 8424) on b both the W and Nordeau N East claim blocks (Tab ble 6.1). E Estimation method an nd basic Nordeau West parameters used at the e time were as follows: polyg gonal area of o influence around drill-hole interssections on a vertical lo ongitudinal section; Spec cific gravity:: 2.9 g/cm3; minimum horizo ontal width: 1.5 m; off grade: 2.74 2 gpt Au; cut-o high assays cut to: 52 gpt Au; A or considere ed; no dilution facto e no crown pillar excluded uted within a 15 m ra dius from q qualifying in ntersections s on the “probable reserrves” compu 15-30 m rad dius from qu ualifying longitudinal section; “possible reserves” obtained from the 1 interrsections. Table 6.1: Histor rical Reser rve Estimattes for Norrdeau Westt & Nordea au East (fro om Tremblay, 1988 8). Zones :
NO ORDEAU W WEST
NOR RDEAU EAS ST
Historical Classification
Tonnes s
Au Gra ade (gpt)
Tonnes
Au Grad de (gpt)
“Probable Reserrves”
126,800 0
6 6.16
162,200
6.7 70
“Pos ssible Reserv ves”
242,600 0
6 6.35
183,700
6.0 01
TOTAL L 1988 Histtorical “Reserves” “ ”
369,400 0
6 6.28
345,900
6.3 33
These esttimates we ere prepar red in acc cordance with stan ndards, terrms and p policies g generally accepted at a the tim me, using all a availablle drilling and samp pling inform mation. A Although the t method d used for the estima ation woulld still be a appropriate e, the term ms used a and some of the par rameters are a no longer valid ttoday. The e above es stimates pre-date ation of Regulation R NI 43-101 1 and mak ke use of categories s differentt to the the applica o ones set out o in sectiions 1.2 an nd 1.3 of th he Regulattion. The u use of the tterm “rese erve” in the 1988 estimates e is i no longe er appropriiate and sh hould not b be relied o on. MRB therefore c considers the above estimates s to be stric ctly historiical in natu ure and cautions the e reader hese estim mates in accordance a e with the e provisio ons of Parrt 2 of to make use of th R Regulation n 43-101 (R Requireme ents Applic cable to Alll Disclosure e).
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In their 198 88 report on n Nordeau East, E Roche recommen ded an und derground programme w with the objective off upgrading the “reserv ves” and de efining the characteristtics of the body. The p proposal w was to drive e a decline to t access th he zones and d extract a b bulk sample e for testing g. 1988: (GM4 48430) In January J and d February,, Monicor E Exploration drilled 6 ho oles totalling 1,194 metres in the area between b the e Nordeau West and Nordeau E East occurrrences, inte ersecting z within sequence es of mafic volcanics, e epiclastic se ediments, a and iron forrmation. auriferous zones T The iron forrmations occur immedia ately north of the maficc volcanics, whereas th he southern contact zone of the mafic rocks is charactterized by shearing and d folded defformation zo ones compa arable to tthe Nordeau u West depo osit sequenc ce. Best results are sho own in Figurre 6.2.
Figure e 6.2: Bestt results (h highlighted d) from 198 88 drilling by Monicorr (GM4843 30) 1988: (GM48507) In February, Monicor Exploration drilled 4 h holes totalliing 724 m in the au East occ currence. T This drilling intersected d mineralized grey immediate vicinity of the Nordea pyrite and p pyrrhotite) and some v veinlets of massive quartz veins and veinlets (up to 5% arsenop e. Best resu ults are show wn in Figur re 6.3. arsenopyrite 1988: Mines Vauquelin Ltd. drilled d 4 holes forr 1,279 m o on Nordeau West in an attempt to test the elow the “re eserve” blocks. No signiificant resultts were reported (Cham mpagne, 1985). structure be
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Figure e 6.3: Bestt results (h highlighted d) from 198 88 drilling by Monicorr (GM4850 07) 1990: Mines Vauquelin n Ltd. resum med drilling to test the e Nordeau W West structu ure at depth h, below any existing g intersectio on. Of the 7 holes drille ed (3,471 m m), 5 interse ected the targeted gold bearing structure. Hole H W-90-0 06 returned 5.4 gpt Au u over 17.8 8 m and holle W-90-07 carried 3.6 6 gpt Au over 6.6 m,, at ±490 m and ±675 m deep respectively. A After review wing the No ordeau Wes st database e for Gestio on Minière E Explomine Ltd. (“Explo omine”), JJean (1990;; GM49867)) came to th he conclusio on that the e erstwhile “re eserve” estimate was b based on erroneous assumptions, particula arly in conn necting late erally and vertically s selected ass says, or a The e “ore-grad de intersections” were determined to be randomly dis stributed groups of assays. w within a sh heared and d altered mineralized m n 20 m thick. The structure, possibly grreater than longitudinal section produced p in 1988 sho ould therefo ore have b been consid dered a co omposite e, it was determined d that the statistical methods used to longitudinal section. Furthermore t average assay grades were, in some insta nces, incorrrectly applie ed. determine the Subsequenttly, Explomine propose ed a new geological g “ reserve” esstimate for the Nordea au West zones that was modelled on the concept of a mineralizzed shear-z zone hosting a number of “en g g lenses. The T entire width of th he mineraliized shear was includ ded and echelon”, gold-bearing qualifying in ntersections s respected the following paramete ers: spec cific gravity: 2.9 tonnes s/m3; minimum horizo ontal width: 2.0 m; off grade: 2.7 2 gpt Au; cut-o high assays cut to: 34.3 gp pt Au; unt; no dilution taken into accou ar excluded 30 m crown pilla ““Probable reserves” r were w compu uted from a rectangullar area off influence extending 12.5 m laterally and 20 m vertically from m qualifying g intersectio ons on the longitudinal section; “possible w obtaine ed from the next 10 m laterally (1 2.5 to 22.5 m) and 15 m vertically (20 to reserves” were 35 m) from qualifying intersection i s.
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T The 1990 Ex xplomine historical “Re eserve” Estim mates are ta abulated in Table 6.2. Table 6.2: Norde eau West Historical H “R Reserves” ” Estimate ( (Jean, 199 90: GM4986 67) Zone
NORDEA AU WEST
Historical Classiffication
Tonn nes
Au Grade (gpt)
“Probable e Geological Reserves”
100,700
5.3
“Possible Geological Reserves”
180,000
5.5
TOTAL 1990 0 Historical “Reserve es”
280,700
5.4
These 199 90 “reserv ve” figures, s, pre-date e the appliication of Regulation n NI 43-101 and m make use of catego ories differ rent to the e ones sett out in se ections 1.2 2 and 1.3 of the R Regulation n. The use of the ter rm “reserv ve” is no llonger app propriate ffor what is s being rreported and a should d not be relied upo on. A com mplete re-e evaluation of the re esource e estimate is s required d to fulfil th he requirem ments of tthe Regula ation and to o respect M Mineral R Resource categories, c s, as set ou ut in the CIM C Definittion Stand dards for M Mineral Res sources a and Miner ral Reserv ves. MRB therefore t considers the abov ve estimattes to be strictly h historical in i nature and a warns the reader r to make u use of thes se figures a appropriate ely. 1990: Mines Vauquelin n Ltd. and Louvem L com mpleted theirr last reportted exploration programme on w involv ved surveyin ng some off the previo ous holes a and drilling 4 holes Nordeau West. Their work es) near the e intersectio ons of W-9 90-06/-07 (2 were wed dged from existing (totalling 1,942 metre e targeted mineralized structure was interse ected by alll four hole es; howeverr, assay holes). The results were e reported to t be disapp pointing (GM M50373). 1994: Mine es Vauquelin Ltd. com mpleted a ground g Mag g-EM geoph hysical surv vey on partt of the Nordeau East block (GM M52637). Six individual iron forma ations and tthree distinc ct shear zon nes were identified. The T zones were tested d by 6 drill-holes (619 9.1 m) in F February off 1994 (GM M52638). A Auriferous horizons we ere intersec cted that yielded grade es of: 1.48 gpt over 1 1.52 m (hole 94-2, 3 m) and 4.85 gptt over 1.34 m (hole 94 4-5, 59.79 m - 61.13 m m). These intervals 30.73 m - 32.25 w were encou untered in contact c with h iron forma ation and a associated w with quartz veins and silicified zones mineralized with massive an nd semi-mas ssive sulphi des (pyrrho otite, pyrite and arsenopyrite). es Vauquelin n Ltd. comp pleted a 6 short-hole drilling cam mpaign tota alling 619 m on an 1994: Mine eastern claim of the Nordeau N Eas st group with the bestt intersectio on of 4.85 gpt Au ove er 1.3 m om hole N94 4-5 (GM52638). reported fro 6.1.1.2 Recent work 2 2006: On May M 24th 20 006, Plato Gold Corpo oration (“Pla ato”) option ned the pro operty from Globex Mining Ente erprises. Pla ato completted a 7,363 3 metre surrface diamo ond-drilling campaign b between October 200 06 and Marc ch 2007 (Ta able 6.3). The T objectiv ve of this initial drilling programme e was to do a first pass drilling g over the recently optioned No ordeau Eastt, West and d Bateman mineral a determiine the bestt targets forr future exp ploration. Th he programme was carrried out properties and under the supervision of o M. Peter Karelse, P.E Eng. and MR RB. Detailed d results of the program mme are provided in Bourgoin and Castonguay (2007).. Positive re esults promp pted Plato to o acquire ad dditional t area an nd begin a concerted effort to e expand the known gold resources s in the ground in the immediate vicinity. Although all four minerral propertie es yielded encouraging gold valu ues, the est property y was priorittised for future explorattory work. Nordeau We
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2 2007: In December 20 007, Plato commissione c ed MRB to ccomplete a detailed digital compilation of e results on the Nordeau West Projject, and to o provide re ecommendattions for all historic exploration ffurther exp ploration. All A historica al diamond--drilling wo ork was su ubsequently incorporatted into database fo ormat by MR RB and forw warded to A. S. Horvath h Engineering Inc. (“Horvath Engineering”) of Ottawa, Ontario, O who used GEM MCOM® Reso ource Modellling software to design n and recom mmend a drill program mme. 2 2008: Betw ween January and Sep ptember off 2008, foll owing the recommend dations of Horvath Engineering g, Plato com mpleted a 14 4 hole, 8,555 metre dia amond-drillin ng programme on the N Nordeau West Prope erty (Table 6.4), succ cessfully inttersecting th he main zo one to a de epth of 700 0 m and demonstrated good grade and continuity ove er a strike ((east-west) of 550 m. Some of th he 2008 e holes were e collared, with permission, off tthe property y. It was in nterpreted tthat the programme down-dip projection off the main zone contin nued outsid e the north hern bounda ary of the N Nordeau g not held h by Plato o, at a deptth of approx ximately 100 00 m. West claim block into ground Selected “best” results from the 20 008 drilling programme e included: 7 gpt Au ove er 18.95m (hole NW-08 8-04, 548.45 5 m – 567.4 40 m); 0.77 1.00 0 gpt Au ove er 8.05 m (h hole NW-08--05, 393.65 5 m – 401.70 m); 5.66 6 gpt Au ove er 8.50 m (h hole NW-08--06, 553.80 0m – 562.30 0 m); 4.28 8 gpt Au ove er 8.05 m (h hole NW-08--07, 567.00 0 m – 575.05 m); 1.90 0 gpt Au ove er 5.85 m (h hole NW-08--08, 452.05 5 m – 457.90 m); 5.54 4 gpt Au ove er 3.00 m (h hole NW-08--10, 589.95 5 m – 592.95 m).
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Table 6.3: 6 Summa ary of 2006 6-2007 Nor rdeau Projject Drilling g Campaig gn (Plato G Gold) Hole e ID
Length (m m)
PG06 6-01 PG06 6-02 PG06 6-03 PG06 6-04 PG06--04A PG06 6-05 PG06 6-06 PG06 6-07 PG06 6-08 PG06 6-09 PG06 6-10 PG06 6-11 PG06 6-12 PG06 6-13 PG06 6-14 PG06 6-15 PG06 6-16 PG06 6-17 PG06 6-18 PG06 6-19 PG06 6-20 PG06 6-21 To otal
549 396 249 198 501 500 450 600 434 501 231 200 150 200 200 201 240 240 240 240 240 603 7363
Tab ble 6.4: Sum mmary of 2008 2 Nord deau West D Drilling Ca ampaign (P Plato Gold) Hole ID I Len ngth (m) NW08-0 01 504 NW08-0 02 366 NW08-0 03 654 NW08-0 04 699 NW08-0 05 498 NW08-0 06 648 NW08-0 07 699 NW08-0 08 525 NW08-0 09 549 NW08-10 650 NW08-11 740 NW08-12 576 NW08-13 700 NW08-14 747 Totall 8555
26
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2 2009: Following the co ompletion of the 2008 diamond-drrilling progrramme, an updated NI 43-101 source Estim mate (MRE)) was publis shed (Lang ton and Ho orvath, 200 09; GM6450 04). The Mineral Res 2009 Mineral Resource e Estimate of o Nordeau West W (Table e 6.5) used d an inverse e distanced--squared a block dimensions d of 5.0 m x 2.5 m x 5.0 m. A cut-off grade of 2.75 gpt Au algorithm and ($85/tonne production cost) was used u in the calculationss. An assum med gold price of US$82 25/oz at CAD 1.162/$ $US 1.00 wa as selected for cut-off g grade calcullations. an exchange rate of $C Table 6.5: Mineral Re esource Es stimate - Nordeau We est (from L Langton an nd Horvath,, 2009) Au Grade In-S Situ Au Resource e (Category) Zone Tonnes s (gp pt) (oz) No M Measured Ressources Measured Main 223,382 4.18 30,019 Indicated B 1,960 3.07 193 Total 225,342 4.17 30,212 Total 225,342 4.17 30,212 Measured + Indicated Main 1,097,749 4.1 144,635 Inferred B 14,572 3.59 1,680 T Total Inferred Total 1,112,321 4.09 146,315 From Octob ber 19th to December 11th, 2009 9, Plato com mpleted 4,6 699 m of d diamond-driilling on Nordeau Ea ast (11 hole es), and 83 34 m in 3 holes h on Ba ateman (see e Section 6 6.1.2). The e drilling program, summarized s in Table 6.6, was designed to test the along-strrike and down-dip continuation n of mineralization zones previous sly identified d on the No ordeau Westt and Norde eau East claims (GM65127). Tw wo mineraliz zed zones were w interseccted at Nord deau East (T Table 6.7). Table 6.6: Summary y of 2009 Drill-Holes: D : Nordeau East Claim m Block Ho ole ID
Length (m) (
A Azimuth
Diip
NE0 09-01
354
180°
-70°
NE0 09-02
600
180°
-70°
NE0 09-03 NE0 09-04 NE0 09-05 NE0 09-06 NE0 09-07
402 600 403 600 324
180° 180° 180° 180° 180°
-70° -70° -70° -70° -70°
NE0 09-08
402
180°
-70°
NE0 09-09 NE0 09-10 NE0 09-11 To otal
351 231 432 4,699 9
180° 180° 180°
-70° -50° -70°
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Table 6.7 7: Selected d Best Resu ults of 200 09 Diamond d-Drill Hole e Campaign-Nordeau u East Hole ID
NE09-01
Interval (m)
Au1 (gpt) )
Au2 (gp pt)
294.00
295.50
1.50
1.10
3.15
295.50
296.40
0.90
57.10
296.40
297.00
0.60
0.08
0.06
0 0.07
297.00
298.00
1.00
6.30
6.72
6 6.51
298.00
299.50
1.50
1.23
1.37
1 1.30
2 2.13 74.7 70*
5.50
74 4.70
14 4.35
223.30
224.40
1.10
0.76
224.40
225.40
1.00
43.10
34.4 40*
34 4.40
225.40
226.40
1.00
18.65
14.95
14 4.95
226.40
227.40
1.00
0.62
0.40
0 0.51
227.40
228.90
1.50
0.39
0.58
0 0.49
228.90
230.00
1.10
2.01
2.18
2 2.10
TOTAL 1
Au Final4 (g gpt)
To (m)
TOTAL
NE09-02
MS S3 (gp pt)
From (m)
0.59
0 0.68
6.70 2
8 8.01
3
Initial fire assay; Check fire ass say; Total metallic sie eve fire assa ay of coars se crush rejject; 4Au F Final is the average off the two fiire assays or o the meta allic sieve re esult, when n available. *Visible g gold noted within samp ple interval during d drill core logging g 2 2010: The 2010 2 drilling g campaign by Plato (G GM66369) began May 27th, 2010 and was completed nd on June 2 , 2010. It co omprised 3 drill-holes on o Nordeau East, totalliing 836 mettres (Table 6.8). Table 6.8: Summary of 2010 0 Drill-Hole es: Nordeau u East Prop perty Hole ID
Length h (m)
Az zimuth
Dip
E Easting (UT TM-X)
N Northing (U UTM-Y)
NE10-01
309 9
180°
-60°
334801.05
5319598 8.03
NE10-02
210 0
180°
-65°
334950.94
5319550 0.26
NE10-03
317 7
180°
-60°
334950.16
5319599 9.67
TOTAL L:
836 6
2 2011: A dia amond-drillin ng campaign by Plato (GM66369) ( ) was carried out on the e Nordeau E East and Bateman claim blocks between January 25thh, 2011 and d May 15th, 2011. It c comprised 27 drill6 metres. Se eventeen (1 17) holes ag ggregating 8,758 metrres were completed holes, totalling 11,966 deau East block (Table 6.9). The remaining r h oles were drilled on the e Bateman c claims. on the Nord
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Tab ble 6.9: Su ummary of 2011 Nord deau East D Drill-Holes Hole ID
Length (m)
Azimuth h
Dip
Easting (UTM-X) )
No orthing (UTM-Y)
NE-11-01 N
357
180°
-70°
334724.92 2
5319 9598.68
NE-11-02 N
513
180°
-60°
334726.70 0
5319 9747.06
NE-11-03 N
597
221°
-75°
334725.96 6
5319 9748.70
NE-11-04 N
501
180°
-60°
334797.89 9
5319 9744.29
NE-11-05 N
648
180°
-75°
334797.89 9
5319 9744.29
NE-11-06 N
600
181°
-62°
334956.03 3
5319 9748.92
NE-11-07 N
501
195°
-68°
335051.30 0
5319 9696.76
NE-11-08 N
456
180°
-60°
335149.30 0
5319 9497.53
NE-11-09 N
599
180°
-70°
335150.84 4
5319 9644.88
NE-11-10 N
600
180°
-70°
335298.48 8
5319 9651.00
NE-11-11 N
585
180°
-70°
335452.03 3
5319 9649.41
NE-11-12 N
600
177°
-67°
335600.42 2
5319 9648.42
NE-11-13 N
402
180°
-60°
335750.53 3
5319 9446.77
NE-11-14 N
501
180°
-70°
335750.46 6
5319 9498.38
NE-11-15 N
500
180°
-70°
335824.64 4
5319 9446.24
NE-11-16 N
399
180°
-60°
335899.65 5
5319 9449.76
NE-11-17 N
399
180°
-50°
336100.68 8
5319 9347.11
TOTAL:
8,758
T The best inttervals from m the 2011 campaign c on n Nordeau E East were: 1.57 7 gpt Au ove er 4.80 m an nd 1.36 gpt Au over 3.0 05 m (hole NE-11-01); 3.01 1 gpt Au ove er 1.50 m (h hole NE-11-02); 1.89 9 gpt Au ove er 3.00 m (h hole NE-11-06); 6.15 5 gpt Au ove er 1.00 m (h hole NE-11-09); 4.47 7 gpt Au ove er 1.00 m (h hole NE-11-10); 6.04 4 gpt Au ove er 0.60 m (h hole NE-11-11); 5.39 9 gpt Au ove er 1.00 m (h hole NE-11-15); 4.53 3 gpt Au ove er 3.00 m an nd 5.23 gpt Au over 1.8 80 m (hole NE-11-17). ed 100% o 2 2014: On April A 26, 20 013, Globex x Mining En nterprises In nc. recovere of the rights s to the Nordeau Grroup of claim ms that had been optioned to Plato o Gold Corp p. In June 20 014, Globex x carried out a samp pling campa aign on drill-core from m work com mpleted by P Plato Gold between 20 006 and 2011. The purpose p of this t samplin ng was to te est previous ly un-sampled potentia al mineralize ed areas and to verrify the fea asibility of tracing min neralization zones acrross non-sa ampled areas near auriferous zones z (GM6 68593). Mos st of the sampling was concentratted in the N Nordeau We est block w where 1,198 8 samples (1,482.85 ( m) m from 22 drill-holes d w were collecte ed and re-an nalysed. Thrree drillholes from the t Nordeau u East block k were samp pled for a to otal of 45 sa amples (52.6 m). An ad dditional 27 samples (33.3 m) were w collecte ed from thre ee drill-hole es from the Bateman bllock. Best re esults of tthe re-samp pling progra amme are prresented in Table 6.10 0.
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Table 6.10: Bestt results off Globex Re e-sampling g Programm me Hole ID D
From (m)
To (m)
Interrval (m)
Au (g gpt)
PG-06-0 06 PG-06-0 08 PG-06-0 08 PG-06-0 09 PG-06-0 09 PG-06-2 21 PG-06-2 21
271.60 169.50 234.00 294.80 297.00 351.20 376.00
272.85 171.00 235.50 296.00 298.00 363.00 385.00
1 1.25 1 1.50 1 1.50 1 1.20 1 1.00 11.80 9 9.00
3.45 2.23 3.33 3.57 8.13 1.50 1.13
6.1.2 Bate eman claim m block 6.1.2.1 His storic work k 1946-47: Mining M Corp. of Canada a covered th he southeasstern part o of the property with a ground magnetic survey (GM0 06675A) an nd geologic cal mapping g (GM06677 7). Strong southeast-ttrending magnetic anomalies were w noted and a subseq quently teste ed with fou ur drill-holes totalling 3 3,176 ft o the drill-h holes are sh hown but no o logs are included in tthe report. None of (1,500 m). Locations of tthe holes were drilled on o the Batem man claim block. b onta Pershin ng Mines Ltd d. intersecte ed a graphittic sulphide--rich horizon n in one hole drilled 1949: Oneo on the south-east part of the property. 1954: Malartic Gold Fiields Ltd. completed an airborne survey cov vering the M Machi-Manitou Lake area, which h included parts p of the e Bateman claim block k (GM38618 8; GM39325 5). As a follow up, geochemica al and electrromagnetic surveys we ere done on the east pa art of the p property (GM M03669; GM39327). During the e same year, the east part of the e property w was covered by magnetic and urveys run fo or Newkirk Mining Corp p. Ltd. (GM0 03439) induced polarization su x completed d geophysic cal magnetic c and electrromagnetic surveys ove er the south heastern 1970: Umex part of the property. 1979-82: SOQUEM (So ociété Québé écoise d’exp ploration mi nière) optio oned the pro operties and d carried out magne etic (Mag) and electrromagnetic (EM) geop physical su urveys (GM37355; GM M38857; GM35513; GM36435) G that t covered d much of th he Bateman n block. 1981-82: Wescap En nergy Corp p. Ltd. co overed netic survey ys (GM37291; GM38554 4). electromagn
the e
Bateman
block
wiith
magnetic
and
1983-85: Bateman B Bay y Mining Co o. carried out a magne etic/electrom magnetic su urvey over tthe east part of th he block revealing r several southeast-tren ding anom malies (GM4 40036). A humus geochemica al survey do one by Bateman Bay Mining Co. ov ver part of the block (G GM43286) rreturned anomalous values of go old and arse enic. M Co. completed c a magnetic survey (tottal field and d vertical g gradient) 1988: Bateman Bay Mining duced polarrization (IP)) survey on two partts of the p property an nd outlined several and an ind anomalous axes. M Vauqu uelin Ltd. expanded e th he area of geophysical coverage begun in 1 1988 by 1989-90: Mines Bateman Bay Mining Co., C and de efined addittional east- to southea ast-trending exploration n target ( GM49666). There follo owed an Ind duced Polariization geop physical surrvey and anomalies (GM47922;
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a 15-hole, 1,557.22 1 m diamond-drilling progrramme to te est a numbe er of the geo ophysical an nomalies (GM48410). The drilling programm me encountered significcant gold bearing sectiions in hole e BA-88B cla aim block: 3.9 3 gpt Au (high ( assay cut to 34.3 3 gpt) over 5.05 m (66 6.25 m 14 on the Bateman 71.30 m), with w some visible v gold - including 9.11 gpt Au u over 0.55 m (hole BA A-88-14, 66 6.25 m 66.8 m); 7..83 gpt Au over o 2.00 m (hole BA-8 88-14, 69.3 3 m - 71.3 m m); and 2.0 06 gpt Au ov ver 0.40 m (hole BA--88-14, 76.0 05 m - 76.4 45 m). 1990: Exploration Monicor Inc. employed e Geokemex G Inc. to carrry out a g geochemical humus urvey over the t property y, revealing a few anom malous areass (GM50036 6). sampling su 1990: Mines Vauquelin n Ltd. drilled d 23 holes totalling t 3,0 095 m to te est the laterral extension of the A-88-14 (G GM48410), and variou us other g geophysical targets interval encountered in hole BA (GM49659). This drillin ng defined tw wo parallel mineralized d gold zoness (some 10 m apart) th hat were ttraced for more m than 100 m laterally and to o a depth o of 50 m. Se elected “bes st” results rreported ffrom the 19 988 and 199 90 drilling ca ampaigns arre summarizzed in Table e 6.11. Table 6.11: 6 Selectted Best Re esults From m 1988 an d 1990 Bateman Drillling Progrrams Hole H ID I
Gra ade (Au gpt)
Interval (m)
From - To (m)
BA9 90-08
2.2 8.0
0.50 0.30
143.00 0 - 143.50 156.98 8 - 157.28
BA9 90-09
(5.7) 9.6 * 8.0 1.6
4.50 ** 2.50 ** 0.25
29.65 5 - 34.15 5 - 47.80 45.75 5 - 52.40 52.15
BA9 90-10
1.4 2.0 3.9
0.30 0.90 1.25
52.95 5 – 53.25 143.30 0 – 144.20 150.15 5 – 151.40
BA9 90-11
1.0 2.3
1.80 ** 4.90 **
46.85 5 – 48.65 56.20 0 – 61.10
BA9 90-12
1.3 3.1 (9..7) 10.0
0.50 2.45 ** 1.90 **
40.75 5 – 41.25 45.50 0 – 47.95 61.90 0 – 63.80
BA9 90-13
7.4 2.9
2.50 0.50
53.80 0 – 56.30 62.95– 63.45
BA9 90-15
1.2 1.0
1.00 0.35
70.90 0 – 71.90 86.55 5 – 86.90
BA9 90-16
1.1 3.4
1.2 2.7 **
13.00 0 – 14.20 112.20 0 – 114.90
BA9 90-21
1.0
1.5
76.53 3 – 78.03
BA8 88-14
(3..9) 12.8 2.1
5.05 0.40
66.25 5 – 71.30 76.05 5 – 76.45
* = Cut to Au 34.3 gpt ; ** = well-defin ned mineralize ed zone
6.1.2.2 Recent work 2 2009: In latte 2009, Pla ato complete ed 2 holes totalling t 802 2 m on the B Bateman cla aim block. A third hole was ab bandoned affter 31 m an nd not comp pleted (Tablle 6.12). Hole BE09-03 3 intersected a w weakly auriferous zone e (1.19 gpt Au A over 2.8 m) in quarttz stringers mineralized d with pyrite e (1%) pyrite (2%), within she eared graphiitic shale at 194.4 m do own-hole (G GM65127). and arsenop
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Table 6..12: Summ mary of 200 09 Drill-Holles: Batem man Claim B Block Ho ole ID
Length (m) (
A Azimuth
Diip
BE0 09-02 BE0 09-03 BE0 09-04 To otal
31 (abando oned) 402 402 834
180° 180° 180°
-70° -70° -70°
2 2011: A dia amond-drilling campaig gn by Plato o was carrie ed between n January 2 25th, 2011 a and May th 15 , 2011 (GM66369). ( . A total of 3,208 3 m in ten t (10) ho les were completed on the Batema an claim block (Tablle 6.13). Th he programm me was designed to inv vestigate the ateman min neralized e historic Ba zones and to evalua ate previou usly untestted zones believed tto have p potential fo or goldmineralization. Table T 6.13:: Summary y of 2011 Drill-Holes D on the Batteman claim m block Hole ID
Leng gth (m) )
Azim muth
Dip
Eas sting (UTM M-X)
No orthing (UT TM-Y)
BE-11-01 1
351 1
180 0°
-7 70°
338480.97 7
5319516.68
BE-11-02 2
402 2
180 0°
-7 70°
338100.14 4
5319660.02
BE-11-03 3
351 1
180 0°
-7 70°
337975.74 4
5319620.46
BE-11-04 4
402 2
180 0°
-7 70°
337802.20 0
5319703.29
BE-11-05 5
403 3
180 0°
-5 50°
337601.93 3
5319793.05
BE-11-06 6
252 2
180 0°
-5 50°
338449.77 7
5319152.90
BE-11-07 7
252 2
180 0°
-5 50°
338617.16 6
5319090.34
BE-11-08 8
300 0
180 0°
-7 70°
338701.23 3
5319047.39
BE-11-09 9
246 6
190 0°
-4 49°
338798.65 5
5319052.36
BE-11-10 0
249 9
180 0°
-5 50°
338897.29 9
5319048.41
TOTAL:
3,20 08
Holes BE-11-01, BE-11-02, BE-11-05 and BE-11-08 B in ntersected a auriferous mineralization. The s (4.82 gpt Au over 1.5 5 m) were obtained o fro om 126.5 m to 128.0 m in Hole BE-11-03 best results (Table 6.14 4). T The 2011 drill-holes d outlined two (2) sub-pa arallel, strattiform, iron formation (IF) horizons, with associated auriferous a mineralizatio m on similar to o those disco overed on tthe Nordeau u East Prope erty. The more south herly IF hosts the histo orical Batem man East re source (Map 3). The p previously u unknown northerly IF was intersected by Holes BE0 09-02, BE09 9-03 and, BE09-04 a and Holes B BE11-01 tthrough BE E11-05. A new n aurifero ous zone as ssociated w with the norrtherly IF is s now defin ned over 1,650 m alo ong strike and between 10 m and 215 2 m verti cal depth.
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Table 6.14: Summary of Sele ected 2011 1 Best Drilli ling Results s: Bateman n East Prop perty Hole ID
From (m m)
To o (m)
Interv val (m)
Au (gpt)
BE-09 9-02
223.30 0
23 30.00
6..70
8 8.01
BE-11 1-01
145.90 0
14 46.80
0..90
0.20
208.30 0
20 09.00
0..70
1.62
209.00 0
21 10.20
1..20
0.68
210.20 0
21 10.75
0..55
3.05
119.70 0
12 20.00
0..30
0.54
121.00 0
12 22.00
1..00
1.80
122.00 0
12 23.00
1..00
2 2.29
126.50 0
12 28.00
1..50
4 4.82
286.00 0
28 87.00
1..00
0.36
BE-11 1-02
BE-11 1-03
6.1.3 Pers shing-Dena ain claim block b 1946-47: Mining M Corp. of Canada covered the e southweste ern part of the property y with a gro ound magnetic su urvey (GM06 6675A) and geological mapping (G GM06677). S Strong southeast-trend ding magnetic an nomalies we ere noted an nd subseque ently tested with four d drill-holes to otalling 3,17 76 ft (1,500 m). Locations of the drill-holes are sho own but no logs are inccluded in the e report. On ne hole w n claim block. was drilled on the Pershing-Denain elds Ltd. com mpleted an airborne su rvey coverin ng the Mach hi-Manitou L Lake 1954: Malartic Gold Fie 8618; GM39325). As a follow f up, geological, g eochemical and electro omagnetic surveys area (GM38 w were done on o the area of the Pershing-Denain n Bateman cclaim block (GM03603; GM39327). During tthe same ye ear, the sou uth part of the property y was covere ed by magnetic and ind duced polarization surveys run n for Newkirk Mining Co orp. Ltd. 1958: The eastern e partt of the prop perty was co overed with h a magneticc survey done by Mono or Mining Co. Ltd. (G GM06346) and an electtromagnetic c survey ru n by Contin nental Minin ng Explorattion Ltd. (GM06528). 1979-82: SOQUEM (So ociété Québé écoise d’exp ploration mi nière) optio oned the pro operties and d carried out magne etic (Mag) and electrromagnetic (EM) geop physical su urveys (GM37355; GM M38857; GM37356) that covere ed much of the Persh hing-Denain n block. Ge eological an nd lithogeoc chemical surveys followed (GM37729). 1981: A VL LF-EM surve ey by Lynx Canada-Am meric-Sparto on that cov vered the so outhern parrt of the Pershing-De enain block (GM38329)) outlined se everal anom malies coincident with m mapped occu urrences of magnetic c iron formation. 1986-88: A geochemic cal (humus)) survey wa as carried o out over the e Pershing-Denain bloc ck by P. Dumont Co onsulting. Several weakly anom malous asssay resultss were obtained (GM M44027; GM46287). This work was w followed d-up with a ground geo ophysics (ma agnetic) surrvey (GM47285).
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6.2 The Ch himo Projec ct Claims (Lac ( Simon n, Nova and d Villebon blocks) N claim blocks 6.2.1 Lac Simon & Nova 1966: Raym mond Tiblem mont Gold Mines Ltd. drrilled 7 holess totalling 3 3,000 ft (915 m) on the e central part of the Lac Simon block to tes st for a wes stern extenssion of the C e mineralization. No Chimo Mine ntervals werre encountered (GM172 257). economicallly notable in 1969: Kerr Addison Miines carried out a mag g-EM survey y over the w western parrt of the Lac Simon d 4 hole es aggregatting 1,329 ftt (405 m) tto test a number of con nductive ano omalies. block and drilled Graphite-ric ch slates witth disseminated and locally massiv ve sulphidess accounted d for the ano omalies. Up to 20% pyrite, 10% % pyrrhotite and trace chalcopyrite c were interssected (GM3 38605). 1972: SOQUEM drilled 3 holes to otalling 1,42 22 ft (433 m m) to test E EM and gravity anoma alies and assayed forr copper, zin nc, lead and silver (GM3 35544). Onlly minor gra ades were encountered. 1975: Span nex Resources complete ed a ground d geophysica al mag’ surv vey over an area with p previous drilling, norrth of the Chimo Mine (GM31231) ( . Further drrilling was rrecommende ed to test th he eastw west extens sion of a deffined magne etic respons se anomaly. 1975-76: Moss M Lake Development D t Co. acquirred a block of claims on Lac Simon claim bloc ck, west of, and contiguous with h, the Chim mo Mine property. GM3 1325 comprrises a compilation of p previous w o the area at the time e, and includ des drill-log s, drill-sections, and pllan maps. A 4-hole, work done on 1,655.3 ft (505 ( m) follow-up diam mond-drilling g programm me intersectted 0.32 oz z/t over 1 ftt (~11.0 gpt Au overr 0.30 m) in hole MV-1 (GM32291). 1979-83: SOQUEM S (Société Qu uébécoise d’exploratio d on minière)) carried o out magne etic and electromagn netic geoph hysical surv veys (GM37 7355; GM3 34757; GM3 38857; GM M35513; GM M37356; GM40058) that t covered much of the Lac Sim mon block. W Work includ ded a geolog gical compilation of previous wo ork and loc cation of po osited mine eralized zon nes (GM350 007; GM355 513), includ ding the eastern parrt of the Nov va block. Ge eological and d lithogeoch hemical surv veys followe ed (GM3772 29). 1981: Follo owing a structural ma apping cam mpaign com mpleted in the summe er of 1981 1 and a compilation of statutorry work citiing very go ood gold va lues from e earlier drilling and native gold ches, SOQU UEM carried out a 9-ho ole diamond-drill campa aign totallin ng 1,311 reported in a few trenc M39364) in the weste ern part of the Lac S Simon claim m block, ne ear the Blue Grass metres (GM occurrence. Minor sulphide mine eralization was w encoun ntered, butt no gold value of economic interest werre noted. 1983-84: SOQUEM S ac cquired 108 8 additiona al claims (N Nova claim m block) co ontiguous w with the southwestern part of the Lac Simon block and carrie ed out geo ological map pping, geoc chemical nd geophysic cal surveys (mag’, EM, IP), and di amond-drillling work (5 5 holes - 739 m) on (humus) an tthe new claims (GM401 142; GM410 000). 1983: Durin ng Decembe er of 1983, Louvem Min nes Inc. dril l 12 holes ttotalling 2,969 m in the e vicinity of the Sim mon West occurrence, o approxima ately 1 km m west of the Chimo Mine (GM M41830). Numerous auriferous a in ntervals werre encountered. Best re esult are sho own in Tablle 6.15.
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Table 6.15 5: Best Results From 1983 Louv vem Drilling g, Simon W West Occurrrence Hole ID From F (m) To T (m) Interv val (m) Au (gpt) 07-83-01 1 193.3 30 193.90 0.60 07-83-01 1 199.4 44 200.18 0.74 07-83-02 2 199.8 82 200.62 0.80 07-83-03 3 176.6 62 177.54 0.92 07-83-03 3 221.3 34 222.15 0.81 07-83-04 4 87.3 30 89.43 2.13 07-83-04 4 94.9 95 96.50 1.55 07-83-04 4 117.6 68 118.22 0.54 07-83-04 4 140.2 20 141.50 1.30 07-83-04 4 252.5 56 253.58 1.02 07-83-04 4 257.0 03 258.13 1.10 07-83-04 4 252.5 56 254.55 1.99 07-83-04 4 256.2 29 259.69 3.40 07-83-08 8 128.4 47 129.68 1.21 07-83-09 9 88.5 53 93.28 4.75 07-83-12 2 164.6 63 167.69 3.06 07-83-12 2 401.3 39 403.68 2.29
11.48 3.80 3.65 3.12 2.78 5.56 3.43 3.36 3.91 4.90 3.02 3.85 1.78 6.40 7.13 2.64 3.32
UEM in 198 84 on the Nova claim block (GM M41804) co omprises 33 32 m of 1984: Work by SOQU h the purpose p of which w was tto evaluate a small au uriferous porphyritic diamond-drrilling in 3 holes, intrusion kn nown to hos st sulphide--bearing (Py y-Asp-Po-Au u) quartz-to ourmaline ve eins. An associated porphyry dy yke is transe ected by fau ults anomalo ous in arsen nic, and hossts the Marilyne gold sh howing. T The observed veins and mineralization in drill-core we ere noted to be simila ar to those already observed on the surfac ce and in earlier e drill-h holes. A tottal of sixty--three (63) core samples were nd analysed. Best resullts were 0.7 72 gpt Au ov ver 15 cm ((hole 958-84-6; 8.60 m - 8.75 collected an m) and 0.62 2 gpt Au over 0.50 m (hole 958-84 4-8; 74.95 m - 75.45 m m). 1984-85: Golden G Pond d Resources s acquired ground g nortth of the Chimo Mine and Nordea au West claim block (eastern pa art of Lac Simon S block), and drille ed 14 holes totalling 27 7,619 ft (8,418 m), tto test various magnettic and cond ductive ano omalies outlined by pre evious explo oration (GM M42328). s and d geological mapping w were also carrried out (GM42504). Geophysical (VLF-EM) surveys F Chabela Mine erals Inc. drrilled 3,380 ft (1,030 m m) in 7 diamo ond-drill 1986: In January and February, he vicinity of the Cha abela-Vauqu uelin occurrrence (GM4 43495; GM4 43684). Only trace holes in th amounts of gold were noted n from their assaye ed core sam mples. 1987: In Ja anuary, Chabela Minerals Inc. drille ed 5816 ft ((1,773 m) in n 10 diamond-drill hole es in the v vicinity of the t Chabela a-Vauquelin occurrence e (GM45332 2; GM45943 3). No mine eralized inte ervals of note were in ntersected. he summer of 1987, Louvem L und dertook the e construction of an access ramp p on the 1987: In th Simon Proje ect, approximately 1 km k west of the t Chimo Mine (MB88 8-14). This east-dipping ramp, excavated along a the co ontact betw ween the Chimo volcani c band and the central band sedim mentary rocks, was designed to o intersect mineralized d zones 4 a nd 3 west at the 125 level of the e Chimo ed approxim mately 1 km to the eastt. No furtherr informatio on on this ve enture was found in Mine, locate tthe available literature.
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1988: In th he first qua arter of the e year, Bare exor Minera als Inc. drilled 6,585 fft (2,007 m m) in 10 diamond-drrill holes in the extreme northwestern part off the curren nt East Cadillac Gold p property, north of the e Chabela-V Vauquelin occurrence o (GM48022). ( . Only trace e amounts o of gold werre noted ffrom their assayed a core e samples. 1988: Cambior Inc. acquired a group g of cla aims comprrising most of the Lac c Simon, No ova and V Villebon claim blocks. Cambior ca arried out a comprehen nsive overburden reverrse-circulatiion (RC) eral geochem mical samplling program mme (GM46 6939). The a author of th he report drilling and heavy mine s of the drillling programme indica ate that the e property is underlain n by the states that the results tturbidite-do ominated Po ontiac Group p rocks, not by the Triv vio Group, a as was popu ularly believ ved. This interpretatio on dictated that the Ca adillac Fault Zone, a reg gional structture that se eparates the e Pontiac and Trivio groups, g mus st pass thou ugh the norrthern part of the East Cadillac Go old Property y, not to tthe south as some workers had prreviously sug ggested. 1989: Cam mbior Inc. reported res sults from a 16-hole d diamond-drrilling progrramme aggregating 5,457.5 me etres in 1987-88 (GM49 9340). Thes se drill-holess were conccentrated in n three area as of the current Lac Simon and d Nova claim m blocks an nd targeted anomalouss gold conce entrations in n glacial overburden determined from an earlier bas sal till samp pling progra amme. A ttotal of 1,359 core m were e collected a and analyse ed for gold-c content. samples witth a total intterval length of 1,959 metres Sulphide mineralizatio m o 5%), com mprising ma ainly pyrite,, arsenopyrrite, pyrrhotite and n (trace to chalcopyrite e, was found in associa ation with quartz q and carbonate v veins and v veinlets in tthe drillholes south hwest of th he Chimo deposit d (Lac Simon cllaim block)). No signifficant results were obtained frrom the holes drilled on the Nov va claim bllock. Gold flecks and arsenopyrite were observed in n 2 quartz and carbonate veinle ets associatted with a fault cross sing Chimo horizon v volcanic roc cks. Best re esults from the t diamond d-drilling prrogramme w were from o obtained fro om holes NOV87-06: 6.1 gpt Au over 0.6m (84.9 m - 87.5 m); 1 .3 gpt Au o over 4.3 m ((91.0 m - 9 95.3 m); h NOV87-08: 1.6 gp pt Au over 3.7 m (74..8 m - 78.5 5 m); 1.8 g gpt Au over 2.7 m and from hole (151.9 m - 154.6 m); 3.5 3 gpt Au over o 3.2 m (301.5 m - 304.7 m). M Vauqu uelin Ltd. expanded e th he area of geophysical coverage begun in 1 1988 by 1989-90: Mines Bateman Bay Mining Co., C and de efined addittional east- to southea ast-trending exploration n target stern part of the Lac Simon blo ock, north of the Norrdeau Westt claims anomalies on the eas owed an Ind duced Polar ization geop physical surrvey and a 15-hole, (GM47922; GM49666). There follo of the geop physical an nomalies 1,557.22 m diamond-drilling prrogramme to test a number o (GM48410). No signific cant minera alized interv vals were en ncountered from holes drilled on tthis part ect. of the proje 2 2003: Mirabel Resourc ces Inc. acq quired a sm mall group o of claims in n the weste ern part of the Lac pleted ten (10) ( shallow w diamond--drill holes ttotalling 43 31.2 m (GM M61314). Simon block and comp T The holes in ntercepted the t targeted d mineralize ed zone; ho owever, with h the excep ption of one interval of 3.26 gpt Au over 0.6 65 m in hole FV-03-03 (26.75 m - 27.4 m), tthe gold ass say values w were not noteworthy.
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6.2.2 Ville ebon claim block 1946-47: Mining M Corp. of Canada covered the e eastern pa art of the prroperty with a ground m magnetic survey (GM M06675A) and a geological mapping (GM0667 77). Strong southeast--trending m magnetic anomalies were w noted and subseq quently testted with fou ur drill-holess totalling 3 3,176 ft (1,500 m). Locations of the drill-h holes are sh hown but no o logs are i ncluded in the report. Three of th he holes w d on the Ville ebon claim block. b were drilled 1954: Malartic Gold Fiields Ltd. completed an airborne survey cov vering the M Machi-Manitou Lake area, which h included parts p of the Villebon claim block ((GM38618; GM39325; GM39327). During tthe same year, y the east part of the t property y was coverred by mag gnetic and in nduced pola arization surveys run n for Newkirk Mining Co orp. Ltd. (GM M03439) 1958: The eastern e partt of the prop perty was co overed with h a magneticc survey done by Mono or Mining Co. Ltd. (G GM06346). Three T diamo ond-drill ho oles totalling g 1,353 ft (412.4 m) were subse equently drilled on th he mag’ ano omalies (GM M06400; GM M08657). An nother electromagnetic survey was s carried out by Conttinental Miniing Explorattion Ltd. (GM M06528). 1962-65: Monor M Minin ng Co. Ltd.. carried ou ut a geoph hysical mag gnetic (mag g) survey o over the eastern parrt of the block. Three strong ano omalies werre noted (G GM11980). A subseque ent mag survey was completed in 1963 (GM M13117), an nd an EM su urvey follow wed in 1965 (GM16375). 1965: Black k River Mining Ltd. carried out a ground geo ophysical M Mag-EM surv vey on the Villebon block outlin ning a strong g conductorr that was tested t by diiamond-drilling and dettermined to o be due tto uneconom mic sulphide e mineraliza ation (GM16 6835). 1979-83: SOQUEM S (So ociété Québ bécoise d’ex xploration m minière) carrried out m magnetic (Mag) and electromagn netic (EM) geophysical g surveys (GM37355; GM M34757; GM M35513; GM M36435; GM M37356; GM40058) that covere ed most of the Villebo on block. W Work include ed a geolog gical compilation of ork and loc cation of po osited minerralized zone es (GM3500 07; GM3551 13). Geological and previous wo lithogeochemical surveys followed (GM37729)). W Ene ergy Corp. Ltd. coverred the easstern part of the Ville ebon block with a 1981-82: Wescap magnetic an nd electromagnetic surv vey (GM372 291; GM385 554). 1983: Bateman Bay Mining M Co. carried out a magnetic//electromag gnetic surve ey that cove ered the ck (GM4003 36). The su rvey outlined several southeast-ttrending eastern parrt of the Villebon bloc anomalies. M Vauqu uelin Ltd. expanded e th he area of geophysical coverage begun in 1 1988 by 1989-90: Mines Bateman Bay Mining Co., C and de efined addittional east- to southea ast-trending exploration n target o the easttern part of the Villeb bon block (G GM47922; GM49666). There follo owed an anomalies on Induced Polarization ge eophysical survey s and a 15-hole, 1,557.22 m diamond--drilling prog gramme tto test a number of th he geophys sical anomalies (GM484 410). No significant m mineralized intervals w m holes drille ed on this part of the p roject. were encountered from
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7.0 GEOLO OGICAL SET TTING T The East Cadillac Gold d Property is i located a few kilom etres north hwest of the e Grenville tectonic ffront, in the south-eas stern part of o the prolific Archean n Abitibi Gre eenstone B Belt of the S Superior gure 7.1). Orogenic Prrovince (Fig T The Abitibi Greenstone Belt (AGB) comprises repeated ko omatiitic to calc-alkalic cycles of la avas and v volcaniclasttic rocks with coeval clastic and exhalative sedimenta ary rocks, p porphyries, layered mafic-ultram mafic sills, and a plutons s of potassiu um-poor dio oritic to tona alitic compo osition. Thes se rocks have been complexly c deformed, d metamorpho m osed to the sub-greensschist to gre eenschist fac cies and intruded by y late kinematic granodiorite and monzonite m p lutons. The southern p part of the A AGB is in contact witth the Pontiac Domain (Bellecom mbe Gneisss Belt of D Dimroth et al., 1982)), which comprises a monotono ous successiion of highly deformed d, upper gre eenschist to o amphibolitte grade tturbidites with w minor in ntercalated volcanic v and d intrusive rrocks. Altho ough all of th he rocks underlying tthe Propertty have be een metamo orphosed, the t “meta”” prefix hass generally been omitted for simplicity frrom the follo owing rock descriptions d s. 7.1 Region nal Geology y Geological units u in the e Val-d’Or area are sub bdivided into o two lithosstratigraphic c assemblag ges: the A Abitibi Supe ergroup and d the Pontia ac Supergro oup to the ssouth. The Abitibi Supergroup com mprises, ffrom oldestt to younges st, volcanic rocks of th he Kinojevis Group, sed dimentary rrocks of the Garden Island Grou up, and ma ainly volcan nic rocks off the Malarttic Group. T This sequence has an n overall y younging direction d to owards the e south. The Pontiac Supergrou up consists s of the v volcanosedimentary y Trivio Gro oup, ultrama afic and ma afic volcanicc Villebon G Group and sedimentary Pontiac Group. Age relationship ps between the units of o the Pontia ac Supergro oup are conttentious. Th hese two ng a majorr, regional tectonostra atigraphic b break, the Cadillac supergroups are in contact alon T Tectonic Zone (CTZ). T The catego orization of the rocks underlying the area into a stra aightforwarrd lithostrattigraphic succession, was re-ex xamined by y Gaudreau et al. (19 986) and R Rocheleau e et al. (1990 0), who mentary and d volcanic ro ock formatio ons east introduced the conceptt of partitioning the various sedim ectonic dom mains. The high-strain h d domains forrm narrow, elongated belts of of Val-d'Or into lithote aulted multi-lithologic assemblage a es that are coincident with majorr crustal highly strained and fa Z and Trrivio Structu ural Comple ex). By conttrast the discontinuities (i.e. Garden Island Tectonic Zone low-strain domains, d which w are ju uxtaposed with w the hiigh strain d domains, fo orm large a areas of w weakly defo ormed volcanic and sedimentary ro ock successiions. Rocheleau et e al. (1997 7), subdivide ed the rocks s east of Va al-d’Or into five lithotec ctonic doma ains; the A Assup, Garrden Island,, Val-d’Or, Trivio and Villebon. T The Trivio Domain (orr “Trivio Sttructural Complex”), a zone of highly h deform med and an nastomosing g blocks of ssedimentary y and volcan nic rocks nterpreted as the extension of the Cadillac Tecctonic Zone e by Marquis s (1983) of mixed orrigin, was in and Rochele eau et al. (1 1990). Rock units of o the Abitib bi Supergrou up are affec cted by Gree enschist faccies to lowerr Amphibolitte facies metamorphism, where eas Pontiac Supergroup rocks are e characterized by the eir higher g grade of ar the CTZ, southward from upper greenschis st facies metamorphism, ranging from the contact nea tto the sillim manite-kyanite zones of the amphib bolite facies..
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Figure 7.1 1: Regional Ge eology Map off Abitibi Green nstone Belt sh howing locatio on of East Cad dillac Gold Pro operty
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7.2 Local Geology G T The volcano o-sedimenta ary units underlying the e area arou nd the Eastt Cadillac Go old Property y occupy tthe south limb of a regional th he east-wes st trending antiform; the LaMottte-Vassan A Anticline 84). (Imreh, 198 T The Abitibi Supergroup p succession n youngs so outhward, and comprise es predominantly koma atiitic to ttholeiitic vo olcanic rocks s of the La Motte-Vassa M an and Dubu uisson Form mations (Low wer Malartic c Group) and predom minantly tho oleiitic volca anic rocks of o the Jacola, Val d'Orr and Heva Formations s (Upper Malartic Gro oup) that are a in conta act, to the south, s with the Trivio,, Villebon and Pontiac groups, w which underlie the imm mediate area a of the Prop perty and arre described d as follows: T Trivio Group p T The Trivio Group comprises a structurally y complex sedimenta ary-volcanic rock asse emblage o coarse clastic sedim ments, turbidites, thole eiitic and ca alc-alkaline volcanic flo ows and composed of pyroclastic rocks. The e sedimenta ary rocks consist c of cclast-supporrted polymictic conglo omerate, volcanic and d pyroclastiic rocks co onsist of greywacke, mudstone and iron formation, whereas v holeiitic and d andesitic basalts b and andesites, graphitic andesitic crystal and massive to pillowed, th r y. Rocheleau u et al. (199 90) rename ed the Trivio o Group of Sharpe (1968), the lapilli tuff, respectively "Trivio Stru uctural Complex", which h they charracterized a as a lithotecctonic block based on c complex ffault contac ct relations between b the e various mixed-origin ssedimentary y and volcanic rocks. V Villebon Gro oup T The Villebon n Group lies s south of the t "Trivio Structural S C Complex"; however, strratigraphic rrelations between the Villebon Group and the ”Trivio Structural Complex" are obscure ed by theirr faulted contact (Ro ocheleau et al., 1990)). The Villebon Group comprise m mainly mas ssive, pillow wed and brecciated volcanic v flows ranging from serpe entinized ko omatiites, to o Mg-rich ((picritic) bas salts, to ttholeiitic ba asalts and andesites a (G Gaudreau et e al., 1986 6). Rochelea au et al. (1 1990) classiified the V Villebon Gro oup as the “Villebon “ Lithotectonic Domain”, D an nd infer it to o lie stratigrraphically be elow the Pontiac Group (Gaudreau et al., 19 986). Pontiac Group T The mainly metasedim mentary Pon ntiac Group consists off a sequencce of turbiditic greywacke and merate, iron formation a and graphitic schist argillite, witth minor monomictic and polymicttic conglom (Dimroth et e al., 1982 2; Mortense en and Carrd, 1993). Thin ultram mafic to mafic volcanic flows (chemically similar to those t of the e Dubuisson n Formation)) are presen nt at or nea ar the inferrred base quence (lm mreh, 1976b b); Rochele eau et al. 1990). P Pontiac Gro oup sedime ents are of the seq characterize ed by their higher grade of metam morphism tha an adjacentt Abitibi Gre eenstone Belt rocks, increasing in grade sou uthward from the biotitte zone of tthe greenscchist facies, through to o garnet, manite-kyaniite zones o of the amp phibolite facies (Jolly, 1978). hornblende,, staurolite and sillim V Various stu udies sugge est that Pontiac sedim ments were derived m mainly from erosion off Abitibi Greenstone Belt suprac crustal rocks s and older volcano-plu utonic rocks (Mortensen n and Card, 1993). Imreh (198 84) believed that the Trivio and d Pontiac g groups consstituted a single sedim mentary succession that stratig graphically overlay o the Abitibi ass emblage. H He also corrrelated the Villebon son Formation, as both h comprise a sequence of mafic to ultramafic volcanic Group with the Dubuiss se conclusio ons are a point of co ontention, a as other wo orkers sugg gest that th he units rocks. Thes comprising the Pontiac Supergroup p are unrela ated to the A Abitibi Supe ergroup form mations. p forms a distinct Kalliokoski (1987) forr one, considers thatt the Pontiiac Supergrroup Group m Abitibi stra ata, with the e suture zon ne corresponding to lithological and structural block separate from tthe Cadillac c Fault. Such h a scenario o suggests the Pontiac d deposits are e older than rocks of the Abitibi Belt, and were metamo orphosed prrior to depos sition of the e Abitibi Beltt. The Villeb bon Group, which is
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south of the e Cadillac Fa ault and enc closed by Po ontiac Group p rocks should then be e included as s part of tthe Pontiac domain and d not correla ated with th he Dubuisso n Formation n of the Abittibi Belt. T The geologiic disparities s in the literature are the t reason tthat the possition of the e CTZ has n not been accurately delineated d in i eastern Louvicourt L and a Vauque elin Townsh hips. It is in nterpreted b by some studies (Gaudreau et al., a 1986; Sauve et al.,, 1987; MaccNeil and Av verill, 1988)) to pass ju ust north mo Mine; how wever, Queb bec governm ment compilation mapss (SOQUEM,, 1978) indicate the of the Chim ffault lies mu uch farther south. on of the C CTZ is the m metamorphiic grade One of the main criteria used to determine the positio n the rocks underlying the East Cadillac C Gold d Property. Sharpe (19 968) suppos sed that observed in T Trivio Group rocks were deposited d rocks on top of the Abitibi Beltt volcanic pile and in a apparent w the more so outherly Po ontiac Dom main rocks are "much more conformity with it, whereas edimentary rocks, and d their prim mary textu ures are metamorphosed than the inter-volcanic se y recrystalliz zation and the t imprint of a regiona al foliation".. Sharpe (19 968) also re emarked obscured by tthat, based d on lithollogical, me etamorphic and structtural inform mation, a major tecttonic or stratigraphic discontinu uity occurs along a the north edge o of the Pontia ac Domain. Sharpe's m map area he area now w covered by the Eas st Cadillac Gold Prope erty, and d drilling by C Cambior included th (GM46939) corroborate ed Sharpe's s observatio ons (MacNei l and Averill, 1988) bu ut also show wed that s Trivio Gro oup some Pontiac P Grou up metased diments that were retrrograded Sharpe included in his ffrom amphibolite to gre eenschist fa acies. T The type an nd age of ro ock present on the prop perty is larg gely irreleva ant as all go old mineraliz zation in tthe area is structurally y controlled,, occurring mainly in a association w with shear z zones. The Authors at: 1) the Trrivio and Villebon group ps are part o of the Pontiac Supergro oup and lie south of contend tha tthe Abitibi Pontiac con ntact (i.e., the Cadillac c Fault); 2)) the Trivio Structural Complex, w which is nity of the Property, is part of a wide defo ormation restricted to Trivio Grroup rocks in the vicin sociated to the t Cadillac Fault, whic ch is the ma ajor control on mineralization; and d, 3) the corridor ass so-called Chimo horizo on, which passes tran nsects the East Cadilla ac Gold Pro operty, is a major structural discontinuity d y associated with the e Cadillac F Fault Zone, that was a conduit for the precipitation n of minerals from auriferous, sulp phide-rich hy ydrothermal fluids. 7.3 Proper rty Geology y Most of the e East Cadillac Gold Property is underlain u by y rocks of the Trivio S Structural C Complex (TSC), a kilometres-wide deformation corridor interprete ed as the ea astern exten nsion of the Cadillac T Tectonic Zo one (Figure e 7.2). The e TSC is characterized by anastom mosing deformation co orridors, ranging in thickness t and intensity y, commonly referred tto as “shea ar-zones”, that divide tthe host rock into he ectometric to t kilometric c “lozenges”” of relative ly undeform med rock. Th he shear-zo ones and tthe secondary fracturring and brrecciation that t have a affected the host rocks are of primary importance to the min neralization as they are e interprete d to have a acted as the e principle passage w ng solutions s. ways for sulphide- and gold-bearin T The sedime entary rocks s of the Trivio Group that underlie the Propertty range fro om 200 to 8 800 m in apparent th hickness, an nd comprise a rhythmic c sequence o of proximal turbidites m made up of: 1) fine grained qua artzo-feldspathic sands stone and siiltstone; 2) a magnetitte-rich band ded iron forrmation; 3) coarse-grained felds spathic sand dstone and; 4) local intterbeds of p polygenetic conglomera ate. Two nticular bands of mass sive and pillowed basa ltic lavas, w with an app parent thick kness of narrow, len almost 1 km, k are inte erbedded with w the sed dimentary u units showing that vollcanism was active during the sedimentation proces ss (Figure 7.3). Acco ording to R Rocheleau et al. (198 88), the olcanic band is compose ed of basalt and magne esian basalt,, whereas th he southern n band is northern vo mainly composed of an ndesitic basa alt and interrstratified a ndesite with h lenticular zones of cry ystalline pilli tuff and d felsic blocks and grap phitic schist s. A gradua al increase iin pyroclasttic facies ash tuff, lap is observed in the Trivio Group from west to east. e
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Figure 7.2 2: Simplifie ed geologic cal map of o southeas stern part of Abitibii Greenstone belt
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Figure 7.3: Ge eology underly ying the East Cadillac Gold d Property.
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T The northern sedimen ntary band (north of the southe ern basalt b band) includes at leas st three horizons of strongly folded iron forrmation (IF)) that vary ffrom 3 m to o 70 m in ap pparent thickness. T The IF ban nds consist of beds off intercalate ed wacke, ssiltstone, ch hert and m magnetite la aminates v varying from m 0.2 mm to t 50.0 mm m in thicknes ss, with the e amount off magnetite increasing towards tthe top of the beds. The magn netite-rich banded b iron n formation n is traceab ble on geo ophysical ps for more than 15 km m from the fformer Chim mo Mine to L Lake Machi--Manitou magnetic-anomaly map tto the east, where it ha as been inte ersected by drilling. T The contac cts between n the volca anic and se edimentary units is g generally sttrongly sheared as indicated by y the comm mon occurren nce of talc-c chlorite-seriicite schist a along their contacts, es specially near the No ordeau Westt deposit. A simplified stratigraph hic column for the East Cadillac Go ld Property is shown in n Figure 7.4 4. gy of Norde eau West Deposit D 7.4 Geolog T The stratigrraphic succe ession in the e area of th he Nordeau West depossit consists of: 1) mass sive and pillowed basalts and an ndesites, ov verlain by; 2) 2 a central sedimentarry unit mad de up of greywacke, nd lesser co onglomerate e, and “topp ped” by ban nded iron fo ormation; 3) a central band of siltstone an mafic volca anic rocks, up to 400 m thick (tthe Chimo volcanic un nit) overlain n by; 4) th he south sedimentary y unit. Hostt Trivio Gro oup rocks are intruded d by thick (1 m - 30 m m), granodiioritic to ttonalitic, commonly quartz- and fe eldspar-phyrric dykes. T The local sttratigraphy is overturne ed, striking generally e east-west (~ ~ 295°), dip pping steep ply north (average 70 0º), and yo ounging sou uth. A well-d developed rregional sch histosity (S2) is sub-pa arallel to bedding and to the latter shear zo ones that are present tthroughout the immed diate vicinity y. A few h and northe east-southw west faults are a reported d, at least one of whic ch is occupiied by a north-south Proterozoic diabase dik ke on the No ordeau East claim block k. Most comm monly observ ved alteration types arre: epidotiz ation, carbo onatization and silicific cation of tthe sedimentary rocks s, and; chlo oritization, amphibolitiz a zation and silicification n/carbonatiz zation of tthe volcanic c rocks. Garrnets occur locally, l partticularly with hin the iron formations. 7.5 Minera alization Gold minera alization in the t area from Rouyn to o Val d'Or ha as a strong affinity for areas near tthe Cadillac Fau ult or subsid diary structu ures. This is evident at tthe Chimo M Mine and the Nordeau w west deposit whe ere gold occ curs with quartz and ars senopyrite i n longitudin nal shear zones in metamorphosed volcan nic rocks and d in bands of o semi-masssive arseno opyrite and pyrrhotite w banded d magnetite iron formattion (Sauve et al., 1987 7). associated with A number of o gold occurrrences, cattalogued by MRNF Queb bec with desscription and metadata available on n-line (http://sigeom.m mines.gouv.q qc.ca/signett/classes/I1102_indexA Accueil?l=a), underlie the e Property. The T principa al occurrenc ce are summ marized as ffollows:
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Figure e 7.4: Simp plified strattigraphic column c for the area o of the East Cadillac Go old Property. P
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Nordeau West: W Occurrence # 32C/03-006 3 60 (NI 43--101 Minerral Resourc ce) Gold minera alization on the Nordea au West bloc ck is found in 4 distincct lenses or zones (know wn from north to sou uth as North h, #1, #2, #3) within shear-zoness that transsect the maffic volcanic rocks of tthe Trivio Group. G Wall rocks are massive to o pillowed o or brecciate ed basalts and andesittes with sporadic tuffaceous ho orizons and minor graphitic schissts. Commo on alteration n processes s of the cks include silicification, s , amphibolittization, carrbonatization n and biotitiization. sheared roc Gold is foun nd in brecciated zones cemented with w grey smoky quarttz lodes, ve eins or veinlets with brown tourrmaline, ca arbonates and a sulphid des in an “en échelo on” pattern within the wider deformation n corridors (Jean, 1990 0). Arsenopy yrite is the major sulphide constittuent (3-15%) with some amou unts of pyrrite, pyrrhotite and tra aces of cha alcopyrite. Gold is fou und as free e grains intergrown with arseno opyrite. A All reported d structures are more or o less imbedded into th he regional schistosity striking N28 80-290° and dipping g 55-70° to o the north h. Zones #1 1 and #2 ((for which historical re eserves hav ve been previously estimated), e transect th he Nordeau West claim m group for 600 m along strike and have been intersected at a depth of 60 00 m locally y. As pointe ed out by JJean (1990)), the “en e echelon” t lenses puts into question the e geological and assay continuity across strik ke since pattern of the ““ore grade”” intersections may appear a to be b randomly located w ormation within the wider defo corridors. Nevertheless N s, it is reporrted that strructures occcupied by Zo ones #1 and #2, separrated by 25 m of pyrroclastic roc cks in the eastern part of the prop perty, merge into a single structurre in the w western pa art of the property. p Fo or this reas son, Zones #1 and # #2 are som metimes collectively referred to as the “Main n” zone. zones (#3 and North) are less we T The other mineralized m ell understood as they are poorly defined, have irregular continuitty, and inco onsistent go old mineralizzation. Zone e #3, which is south off #1 and 0 m south of o a graphitic marker horizon, h hass been defin ned along ttwo traces o of about #2, and 30 100 m each. Sporadic c intersectio ons show th hat the Norrth Zone occcupies a po osition som me 30 m north of structures #1 and #2. est intervals from recen nt drilling by y Plato on t he Nordeau u West occurrence are included Selected be in Section 6 of this report. For the Minera al Resource Estimate o on this dep posit, the re eader is S 14 4. referred to Section Nordeau East: Occurrence # 32 2C/03-005 55 (historic c resource) ) T The most significant mineralizatio m n on the No ordeau Eastt claim block k is found in 3 structurres (#1, o Group sed dimentary rrocks, which h consist #2, #3) related to the upper iron formation of the Trivio of interbed dded mudsttones, siltstones, grey ywackes an nd iron forrmations. T The 3 sub-parallel structures are a made up u of gold-b bearing, sulphide-rich quartz vein nlets and v veins that g generally ffollow stratigraphy and d the strong g, regional E-W schisto osity, dip frrom 50º to 75° north, and are less than 2 m thick on average. T The minera alization con nsists in 1-5% dissem minated sulp phides or se emi-massive sulphide veinlets (pyrite, pyrrrhotite, ars senopyrite and a traces of chalcopy yrite) in asssociation with quartz, chlorite, garnet and gold. Gold is i found as free grains in quartz orr as inclusio ons in the su ulphide mine erals (b, mmon altera ation of wall rocks inclu ude amphib bolitization, chloritizatio on, silicificattion and 1988). Com biotitization n. Structure #1 # was trac ced for 450 m laterally y, whereas structure # #2, to the s south structture #1, continues generally g east-west for 220 m. Bo oth extend tto a depth of some 20 00 m. They parallel each other for some 13 30 m, and are a stratigra aphically les s than 30 m apart. Strructure #3, which is ffurther eastt and possib bly in a strattigraphic po osition simila ar to #1, ha as been trac ced for some e 240 m
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laterally and d to a depth h of 150 m. As reporte ed in a prev vious section n, historical mineral “re eserves” w were estima ated from qualifying po ortions of each of these 3 structure es. A fourth mineralized sttructure on Nordeau Ea ast carrying erratic, low w-grade gold d values occ curs in a ects mafic volcanic v roc cks south o of the iron fformation, a and contain ns 1-5% shear zone that transe ed sulphides s in carbonatized and ch hloritized ro ocks with we ell-develope ed garnets. disseminate Selected be est intervals s from rece ent drilling by Plato in n the weste ern part off the Norde eau East occurrence zone are sh hown in Sec ction 6 of th his report. ( Occ currence# 32C/03-20 3 005 (historric resourc ce) Bateman (East): T There is on nly one repo orted gold occurrence o of some sig gnificance o on the Bate eman property. The 1990 drilling campaign n on Batema an East delin neated 2 go old mineraliz zed lenses iin the south h central up. Both len nses are as ssociated w ith graphitic shales th hat are intru uded by part of the claim grou ““smoky” qu uartz veins containing c 2-5% 2 dissem minated arssenopyrite a and free gold, which oc ccurs as tthin inclusio ons and coa atings on th he sulphide grains. The e two zones are parallel and 10 m apart stratigraphically. They can be trac ced for abou ut 100 m latterally and tto a depth o of some 50 m, with tthickness ranging from m 1.2 to 3.9 m. Tablle 6.11 in Section 6 of this re eport lists tthe best ercepts from m the Bateman East pro operty. The best recorded intersecttion was historical drrill-hole inte 3.9 gpt Au across a 5.05 m (GM48410; GM4965 59). Simon Wes st: Occurre ence # 32C C/03-0052 (historic rresource) T The Simon West occu urrence is located l app proximately 1 km wesst of the C Chimo Mine e and is w exte ension of th he Chimo M ine horizons as it hostts similar ge eological considered to be the western ormation and mineralogical charracteristics. Mineralization appears to be related to the upper iron fo vio Group sedimentary s y rocks, wh hich consis t of interb bedded mud dstones, siltstones, of the Triv greywackes s and iron fo ormations, and a occur as lenses pa rallel to the e stratigraph hic units and to the schistosity. Several en echelon sty yle lenses arre interprete ed over a sttrike of apprroximately 1 1.2 km. In the summ mer of 1987 7, Louvem undertook u th he constructtion of an acccess ramp on the Simon West Project. Loc cated approx ximately 1 km west of the Chimo Mine (MB88 8-14). This east-dippin ng ramp, excavated along a the co ontact betw ween the Chimo volcani c band and the central band sedim mentary rocks, was designed to o intersect mineralized d zones 4 a nd 3 west at the 125 level of the e Chimo ed approxim mately 1 km to the eastt. No furtherr informatio on on this ve enture was found in Mine, locate tthe available literature. A According to o the SIGEO OM on-line database, d th he best reco orded assayss are as follows: GM4 41830 - 7.1 13 gpt Au over o 3.75 m (hole 83--9); 11.45 gpt Au ove er 0.61 m (sample 83.8 8); 11.49 gp pt Au over 0.59 m (sam mple 83-1); GM3 32291 - 11.3 32 gpt Au over o 0.30 m (sample M MV1; 38.06 g / t Au ov ver 1.52 m (hole 6, Insm mill, 1945). 30 gpt for le SIGEOM listts historical “reserves” as 67,000 t grading 6.3 ens A and 3 34,000 t at 6 6.90 gpt A Au for lens B. ce 32C/03-0050 Bluegrass:: Occurrenc T This occurre ence comprises quartz--veins in a 1.5 1 m wide shear-zone over a strik ke of approx ximately 4 450 m, fla anked to th he north an nd the sou uth by volccanic rocks. Hosted w within Trivio o Group greywacke, argillite an nd conglom merate, the mineralizattion consistts of arseno opyrite, pyrite and ttrace chalco opyrite. Ars senopyrite occurs o as fin ne to coarsse dissemina ations associated with parallel
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carbonate-a altered shea ar zones inje ected with quartz. q Nativ ve gold, is rreported in drill-core an nd a few ttrenches. SIGEOM listts the best recorded r assay results as: GM4 41830 - 8.90 0 gpt Au ov ver 1.50 m (hole ( 1); 11 1.00 gpt Au over 0.40 m (hole C4)); 10.15 gpt Au A over 0.30 m (hole 5B); 5 1.82 gp pt Au over 1 1.55 m (sam mpling 7-83--11); GM 68973 - 19 9.55 gpt gold (sample 20508), 1.3 32 gpt gold d (sample K K482026), 2 2.55 gpt 482031). gold (sample K4
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8.0 DEPOS SIT TYPES Gold minera alization on the East Cadillac Gold d Property iss categorize ed into two types of ep pigenetic gold occurre ences: 1. gold mineraliza ation in silicified lode es with diisseminated d to semi--massive sulphides enopyrite, pyrrhotite and pyrite e) spatially y related tto sedimen ntary banded iron (arse form mations. Se econdary quartz veining is com mmonly asssociated w with this ttype of mine eralization. 2. struc cturally con ntrolled gold d mineraliza ation in alttered and ssheared zon nes with qu uartz or quarrtz and carb bonate veins parallel to o the schisttosity and sshear zones s (most like ely to be found in the vollcanic units)). Associated dissemina ated sulphid des include a arsenopyrite e, pyrite copyrite; gra aphitic horiz zons are com mmon. and minor chalc Both types of mineraliz zation occurr as free gold associated d with sulph hide minerals ranging ffrom 1% tto 5% when n in quartz veins to as s much as 20% 2 to 50% % when in a association w with magne etite iron fformations. T The best inttersections from the va arious recent and historric drilling ca ampaigns consistently occur at or near the contacts off the iron fo ormation; ho owever, the e mineralize ed zones are e not present along tthe entire IF/country I rock r contac ct, but rathe er appear tto cross-cutt stratigraph hy. It is envisioned tthat a mine eralized hyd drothermal “front” “ cross s-cut stratig graphy, dep positing gold d-bearing sulphides at the iron n formation horizons. As it is generally acccepted that the fluids s that prec cipitated auriferous, shear-zone e associated d quartz ve eins in the Cadillac Te ectonic Zon ne were nott locally ation betwee en iron form mation and gold minera alization derived, it is assumed that the close associa m at transects s the East Cadillac Go old Property y is the res sult of a horizon tha along the mineralized chemical intteraction att the iron-ric ch horizons rather than n the existe ence of prim mary auriferous iron fformation.
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9.0 EXPLO ORATION Chalice is compiling c all a available data from previous e exploration work comp pleted on tthe East Cadillac Gold Property.. As at the effective da ate of this R Report, Chalice had beg gun a soil s sampling e on the Pro operty that was halted d prior to itts completio on, due to snowfall. N No other programme exploration has been ca arried out on o the Prope erty by Chalice. 10.0
DRILLING
A As at the da ate of this Report, R Chalice had not completed any diamon nd-drilling on the Prope erty.
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SAM MPLE PREPA ARATION, ANALYSES S AND SECU URITY
It is the Authors’ opinio on that the sample pre eparation, analytical an nd security p procedures used by g assay res sults prior to t the impllementation n of NI 43-101 were tthose in operators for reporting common us se at the tim me the vario ous historical programss were carrried out. It is also the A Authors’ opinion thatt the past exploration programs p were supervissed by expe erienced geo ologist or en ngineers w who employ yed industry y’s standard ds of their tiime; howev ver, there is no guaranttee of the quality of tthe historic cally reporte ed data. As s such, the e Authors rrecommend that a Da ata Verificattion and V Validation Programme P should be im mplemented d by the inco y into the prroject. oming party For inform mation rega arding rece ent sample e preparati on analysiis and sec curity (i.e.., postimplementa ation of NI 43-101 sta andards), the reader is referred to the following repo orts that pertain to exploration e programmes p s carried out since the implementa ation of NI 4 43-101: GM6 61314 (Bourrgoin, 2004)); GM6 64272 (Bourrgoin and Ca astonguay, 2007) ; GM6 64504 (Lang gton and Horvath, 2009 9); GM6 65127 (Kram mo and Lang gton, 2010); GM6 66369 (Lang gton and Pac checo, 2011 1); GM6 68593 (Mano on and Perre e, 2014). With respec ct to the recent r drilling program ms by Plato o Gold thatt were used d for the rresource estimate, th he 2006-2007 core-sam mpling prog gramme wass carried ou ut under the e direct sup pervision of Peter Ka arelse P.Geo o on behalf of MRB & Associatess, whereas the 2008 drill-core s sampling programme e was carrie ed out unde er the directt supervisio on of Jason Ross B.Sc. and John Langton M.Sc., P.Ge eo. The pro ogramme fo or quality control c durring the 20 006-07 cam mpaign entailed the insertion off one standa ard sample into the sample stream ms every 30 0 samples a and a blank k sample inserted intto the stream every 40 0 samples. The T program mme of qua ality controll for the 20 008 drillcore sampliing program mme entaile ed the rando om insertion n of one bla ank, one du uplicate (1//4 core), and one off three sepa arate gold standard s sa amples into o the samplle streams every 15 s samples. Samples with visible go old were an nalyzed by screen/fire s A AA (atomic absorption)) methods, w whereas tthe remaining samples s underwen nt fire assay y/AA analyssis. Silver ccontent was s assayed b by aqua S (atomic absorption sp pectrometry y). regia digesttion and AAS A ALS-Cheme ex Laborato ories Ltd. of o Val d'Or,, Que., an accredited lab, was the primary assay laboratory. ALS Cheme ex has attained ISO 9001:2000 rregistration,, which requ uires eviden nce of a nagement system cove ering all asp pects of the e assaying p process. To ensure com mpliance quality man w with this sy ystem, regu ular internal audits are e undertake en by staff members specially tra ained in auditing tec chniques.
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DAT TA VERIFIC CATION
Other than the reports s published since 2004 4, none of tthe assessm ment or histtorical work k reports e preparatio on of this technical t re eport contaiin details o of the samp pling and analytical used in the methods em mployed. Quality contrrol methods s and securrity procedu ures were a also not dis scussed. T This simply y reflects th he limited assessment a requiremen nts and rep porting stan ndards of th he time, rather than a lack of diligence from m the historrical operato ors. T The GEMS drill-hole database d us sed in the Mineral M Ressource Estim mate was v validated us sing the p to o check for erroneouss data entrries. All rep ported erro ors were software’s validation programs n the database by reco onciliation with w MRB an nd the original data so ources. Addiitionally, corrected in tthe drill-hole data was displayed and a reviewed in 3D and d assorted p plan and sec ction views tto check ffor other possible loca ation, deviation or similar related errors. The drill-hole database u used for ceptable qua ality with no o significant errors. resource estimation is considered to be of acc A After verifying that the ere were no o validation errors in t he 2009 da atabase, MR RB & Associates rea MRE of the Nordeau West dep posit using the same p parameters and drill-ho ole data calculated an utilized in Langton & Horvath (2 2009)(GM64 4504). The re-calculatted MRE arrrived at th he same onnages and d grades as s reported in 2009, co onfirming th hat the methods used for the resource to 2009 estima ate were ap ppropriate.
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MIN NERAL PROCESSING AND A METAL LLURGICAL L TESTING
h material ffrom the iro Other than testing for magnetic co oncentration n of iron rich on formation ns in the eport of min neral proces ssing or min neralogical e examination n performed on gold 1960’s, there was no re om the Eastt Cadillac Go old Property y. It can be e reasonably y assumed, however, tthat any samples fro mineralized material ex xtracted from the Prope erty would rreact similarly to the ore that was s treated y for nearly 15 years at the nearby y former Chiimo Mine mill. successfully
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MIN NERAL RESO OURCE & MINERAL M RESERVE R ES STIMATES
T The historic resources and rese erves reported for C halice’s East Cadillac Gold Projject are d in the “H History” secttion of the Technical Report. The ese early, initial resou urce and documented reserve estimates (Tremblay, 1988; Jean, 19 990) are con nsidered by the Authorrs and issue ers to be elevant, as they pre-d date NI 43 3-101 and do not com mply with current NI 43-101 entirely irre regulations for reporting mineral resources and reserve es; howeve er, the 2009 9 Mineral R Resource MRE) for the e Nordeau West W depositt by A. S. Ho orvath Engineering Inc corporated (Langton Estimate (M and Horvath h, 2009; GM M64504) is considered c to be accura he effective date of this Report. ate as at th No addition nal explorattion work has h been ca arried out on the claiims comprising Chalice e’s East Cadillac Golld Project, that would re ender the 2009 MRE ou ut-dated or inaccurate. MRB & Ass sociates use ed the Nord deau West deposit dri ll-hole data abase to ca alculate the Mineral Resource Estimate E prresented in this Repo ort. Drill-ho le, lithology and assa ay records in this database were w assess sed, review wed and re-validated prior to itss use for tthe 2017 rresource estimation. The claims that comprised the No ordeau Wesst property in 2009, arre now partt of, and d by, claim ms of the East E Cadillacc Gold Property. The mineralized d zones completely surrounded y extended beyond its boundaries s at the time of the underlying the former Nordeau West property 2009); howe ever, no suc ch restrictio ons have 2009 minerral resource calculation (Langton & Horvath, 2 been applied to the currrent MRE. T This Section n of the Rep port, modifie ed from Lan ngton & Horrvath (2009), contains an updated Mineral Resource Es stimate for the Nordea au West pro oject, which representss the only N NI 43-101 R Resource w within Chalice’s East Cadillac C Gold Property, as curren ntly defined at the efffective date e of this Report.
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55
Introduction
A total of 279 drill-ho oles from the t former Nordeau E ast and No ordeau Wes st claim blo ocks are au project GEMS® datab base. recorded in the Nordea o or proximal to the former Norrdeau West project we ere selected d for modelling and Drill-holes on resource es stimation by y using a lo ocation filte er to includ de only drilll-holes betw ween UTM Eastings 333075E an nd 333850E E (NAD83 Zo one 18). This allowed tthe inclusion n of some d drill-holes th hat were collared norrth of the fo ormer Nordeau West project p boun ndary and d drilled south hward, cross sing into tthe Nordeau u West claim m block at depth. d A total of 121 drill-ho oles were selected s using the abo ove filter to o define holes relevantt to the eating a subordinate rrelational da atabase (the “Database”) that Nordeau West project claims, cre w or the 2017 Mineral Res source Estim mate. was used fo T The Databa ase is comprised of a primary header h tablle containin ng 3-axis ((X-Y-Z, or eastingnorthing-ele evation) drill-hole coord dinate data in UTM NAD D 83 Zone 1 18 coordinattes, with se econdary ttables inclu uding a Dow wn-hole Su urvey Table,, Lithology Table and Assay Tab ble: the Do own-hole Survey Tab ble records down-hole d drill d azimuth hs and incli nations; the e Lithology Table records rock ttypes that were w coded by MRB us sing the Quebec Ministtry of Energ gy & Mines geologic leg gend for A Archean geology. Addittional tables s in the Dattabase have e been consstructed to s store assortted data ons, such as s assay composites and drill-hole in ntersectionss, with mode elled solids. manipulatio Digital maps of interpre eted surface e geology, drill-hole d loccations and property bo oundaries w were also e drilling res sults. used to assist interprettation of the y final asssigned Au (gold) values as s in the Database D include only Sample assay results y MRB from the original data source e. Where m multiple fire a assays are rreported determined//entered by ffor the sam me sample, the assays were avera aged to prod duce the fin nal assay grrade entere ed in the Database. In I the instances where metallic-sc creen techniiques were employed ffor sample a analysis, tthe resulting assay values were co onsidered to o supersede ed earlier re esults and w were entered d as the ffinal Au gra ade for the sample. s Forr the 2006 and a 2008-Ph hase1 drill ccampaigns, silver (Ag) analysis w was requested for the project, and resulting assays werre entered in the GEMS S database. For the e 2 drill program, ass saying for Ag A was disscontinued a and replace ed by arsenic (As) 2008-Phase assaying; however, only the gold (Au) ( values in the Data abase were used for the e MRE. I It should be b noted that t unless s otherwise e stated, a all drill-inte ervals reprresent dow wn-hole llengths an nd not true widths. 14.2
Drilll-hole Data a Validation n
Table 14.1 1 summarize es the vintage, total nu umber and ttotal metrea age of drill-h holes presen nt in the Database that t were used u for th he MRE. Th he table id dentifies ho oles that prre-date NI 43-101 compliance versus mo ore recently y completed d drill-holes completed under NI 43-101 guidelines. ate NI 43-1 101 are herrein termed d “historic”,, whereas drill-holes tthat are Drill-holes that pre-da w NI 43-1 101 are here ein termed ““recent”. considered compliant with
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Table 14.1: Summ mary of Driill-holes in Nordeau W West Datab base S Summary of DDH Hs in Nordeau We est Database Series
Vintage
# of Holes
N-9 to 13 2, 26 to 29 484-81-16, 21, 22 10-484-82-30 to 43 4 8-83-01 to 04, 5A A, 5B, 6 to 12 8-84-40 to 42, 42a a, 43 0-1 o 14 VE-1 to 7 and 9 to W87-01 to 24 W88-01 to 04 9B W90-01 to 09, 09 Subtotal pre-43-101 Compliance 0 05 to 09, 21 PG-06-01 to 04, 04A, NW08-01 to 14 Subtotal 43-101 Compliant W DDHs Totals Nordeau West
1957-58 1981 1982 1983 1984 1984 1985 1987 1988 1990
5 7 14 13 5 1 13 24 4 10 96 11 14 25 121
2006 2008
# of meters Com mpany 989 1,181 2,594 2,671 1,003 194 7,948 4,721 1,279 5,164 27,744 4,981 8,551 13,532 41,276
Data Source
Assay Certificates C
Nord deau Mining Co. Ltd. Soqu uem Soqu uem Societe Miniere Louve em em Societe Miniere Louve den Pond Resourc ces Gold Gold den Pond Resourc ces Mine es Vaquelin Ltee Mine es Vaquelin Ltee Mine es Vaquelin Ltee
GM06036 M39230 GM37746, GM GM39230 Company Report Company Report GM42328 GM42328 GM47403 GM48424 GM49867
partial yes yes partial no partial no in hardccopy report in hardccopy report in hardccopy report
o Gold Ltd. Plato Plato o Gold Ltd.
Company Report Company Report
yes yes
T The tabulattion in Tablle 14.1 indiicates that 96 9 of the 1 21 drill-hole es (i.e., 79..3%) are “h historic”, w whereas the e remaining 25 drill-holles (i.e., 20.7%) are “r ecent”. MRB provided a summ mary listing of the sources for the historic asssay data in the Databa ase, and her original or copies of original as ssay certific ates are ava alidate the rreported noted wheth ailable to va and entered d results. Th he source fo or all data used u in the Database iis reported by MRB to be from governmentt assessmen nt files and internal com mpany reco ords. For all but 18 of tthe 96 histo oric drillholes, the source s data included co opies of som me or all asssay certifica ates in supp port of the rreported assay results. MRB’s audit did not necess sarily inclu de an accounting of all historic assay certificates. T The supporrting docum mentation for historic drill-hole d data and ssample assa ay results appears adequate to o justify including all off the drill-ho oles in the D Database th hat was ultim mately used d for the Mineral Res source Estim mate. F Figure 14.1 shows a plan view of the 121 drill-holes selected for resource estimation and the fformer prop perty boundary of the Nordeau N West project c laims. T The 96 histtoric drill-ho oles are shown in black k and the 25 5 recent driill-holes are e shown in rred. The 25 recent drill-holes d are well distributed alon ng the exte ents of the h historic drillling to supp port and v validate historic results s. Prior to an ny calculatio ons being carried c out,, the Datab base was v validated us sing the so oftware’s v validation programs p to check for erroneous e data entries.. All reporte ed errors we ere correcte ed in the Database by y reconciliattion with MR RB and the original datta sources. A Additionally y, the drill-hole data w was display yed and rev viewed in 3D, 3 and as ssorted plan n and sectiion views, to check fo or other possible loc cation, dev viation or similar s related errors. The Database is co onsidered to o be of acceptable quality q with no significa ant errors.
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Figure 14.1: Plan ma ap of former Nordeau N Westt property lim mits & drill-holles used to ca alculate the MRE
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14.3
58
Assa ay Geostatistics
Geostatistic cs were com mpleted on the drill-hole e sample asssay data to o determine whether da ata from tthe historic c drill-holes s demonstra ates any bias in com mparison to data from recent driill-holes. Results are presented herein. h s we ere complete ed for all Au u assays fro m the 121 d drill-holes at Nordeau W West. Univariate statistics Histogram statistics s for the 10,067 sample re esults in the e Database indicate that the totall sample population contains c a significant s number n of waste w samplles (n=3,12 28) with gold-grades off zero or below-detec ction-limit (Table ( 14.2). This is reflected iin the skew wed mean-v versus-med dian and population-v variance values for the collective samples. s 2: Univaria ate Histogr ram Statisttics – All Au u Assays ( (uncut) Table 14.2 All DDH H Raw Au Ass says Histogra am Statistics Nord deau West Minimum m Cutoff Value Maximum m Cutoff Value Number of o Samples <=0 Total Num mber of Sampless Used
0.00 100.00 100 1.00
Minimum m Histogram Valu ue Maximum m Histogram Valu ue Number of o Class Class Intterval Minimum m Population Data a point Maximum m Population Datta point Total Pop pulation Mean Median Standard d Deviation Variance e Coefficient of Variation
0.00 187.90 3 3128 10 0067
0.00 187.90 1 100 067
Ungrouped Data D 0.403649 N/A 2.845252 8.095457 7.048820
Grouped Data 0.783893 0.542403 2.533306 6.417638 3.231699
F Figure 14.2 2, a log-norrmal probab bility plot of all Au assay ys, shows that the entiire populatio on of Au assays at Nordeau N West may be sub-populat s ted, as defin e linears ned by the change in slope of the along the graph and su ummarized as a follows: d/Waste Pop pulation Background Mixed/Thres shold Popula ation – Mineralized Population – High-grade Population – atic Population Nugget/Erra
<0.10 0 0.10 to 1.5 1 1.5 to 10.0 10.0 to 55 >55
g gpt g gpt g gpt g gpt g gpt
Au Au Au Au Au
Four (4) samples grading from 72 2.5 to187.9 gpt Au are e considered d to be nuggets, and th herefore eration; the grade for these t 4 sam mples was ccut to 60 gp pt Au prior tto assay require special conside g and resource estimatiion. compositing
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All DDH Raw Au Ass says Norrdeau West
LOG Norm mal Probabiility Plot
100.00 99.99 99.40
Probability
88.94 50.00 11.06
Mineralized Mixed
1.5 – 10.0 gpt Au
0 0.10 – 1.5 gpt Au
Waste e
0.60
Nu uggets High Grade > 55 5 gpt Au 10 - 55 gpt Au 4 samples s
<0.10 gpt Au
0.01
0.001
0.010
All Raw Au Ass says ND West
0.100
1.000 0
10.0 000
100 0.000
Real Value
Software By Ge emcom
Figure 14.2: 1 Log-n normal prob bability plo ot – all Au assays (un ncut)
T The Au ass say data wa as sub-popu ulated into historic drill-hole and recent drill-hole samp ple subpopulations. Tables 14 4.3 and Ta able 14.4 provide p the summary h histogram sttatistics for each of tthese Au as ssay subpop pulations, respectively. T The histogrrams of Au sub-populattions for the historic d drill-holes (T Tables 14.3 3) and rece ent drillholes (Tab ble 14.4) demonstrate d e distributio ons that arre similar to the tota al populatio on, with approximately 2/3 of the assays in n the historic drill-hole subpopulattion and 1/3 3 in the rece ent drillopulation. The T mean grade, g med dian, and v variance off the historric drill-hole hole subpo e assay subpopulation are slightly higher than those e of the re ecent drill-hole assay s subpopulatio on. This arity is attrributable prrimarily to the 4 extre eme Au asssays within n the historic data small dispa subpopulation that arre above 55 5 gpt Au. The high hest Au asssay in the recent d drill-hole g Au. subpopulation is 45.9 gpt T The historic c drill-hole Au A assays sh how no appa arent bias v versus the rrecent drill-h hole assays and are considered representative and suitable for inclusion i n results u used for re esource estimation, e values in the t historic data are cut to a maxim mum value of 60 gpt A Au. provided the 4 extreme
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Tablle 14.3: Un nivariate Histogram H Statistics S fo for “Historiic” Au Assa ays (uncut) )
Pre-43-101 DDH D Raw Au Assays Univariate U Statistics Norrdeau Westt Minimum Cuttoff Value Maximum Cu utoff Value Number of Sa amples <=0 Total Numbe er of Samples Used
0.00 187.90 2448 6805
Minimum His stogram Value e Maximum His stogram Valu ue Number of Class Class Interva al
0.00 100.00 100 1.00
Minimum Pop pulation Data a point Maximum Po opulation Data a point Total Populattion
0.00 187.90 6805
Mean Median Standard Dev viation Variance Coefficient off Variation
ngrouped Datta Grouped Data Un 0.798 0.425174 8009 N N/A 0.543 3878 3.2328 836 2.842 2145 10.4512 231 8.077 7790 7.603564 3.561546
Tab ble 14.4: Un nivariate Histogram H Statistics S ffor “Recent” Au Assa ays (uncut) )
43 3-101 DDH H Raw Au Assays A Un nivariate Statistics Nordeau Westt Minimum Cuto off Value off Value Maximum Cuto Number of Samples <=0 otal Number of Samples Used To
0.00 45.90 680 3262
Minimum Histo ogram Value e e Maximum Histtogram Value ass Number of Cla Class Interval
0.00 100.00 100 1.00
ulation Data point Minimum Popu pulation Data a point Maximum Pop otal Populatio on To
0.00 45.90 3262
Mean Median Sttandard Deviiation Va ariance Co oefficient of Variation V
d Data Ungrouped 0.35874 46 N/A 693 1.7826 3.177993 231 4.9692
Grou uped Data 0.754 4445 0.539 9352 1.718 8441 2.953 3038 2.277754
60
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Further ana alysis was co ompleted to o investigate e potential b bias that ma ay be introd duced in the data as a result of varying sam mple length hs. Table 14.5 1 provide es the sum mmary histog gram statistics and F Figure 14.3 3 the histog gram plot off sample interval length hs for all drill-hole assays in the Da atabase. Table 14.5: Univ variate Histtogram Sta atistics – A All Assay Sa ample Inte erval Lengtths
All DDH H Au Assay y Sampe Intterval Leng gths Norrdeau Westt Minimum Histogram H Valu ue Maximum Histogram H Vallue Number of Class val Class Interv
0.00 10.00 40 0.25
Minimum Population P Datta point Maximum Population P Da ata point Total Popullation Mean Median Standard Deviation D Variance Coefficient of Variation
0.030 0 8.000000 1 10067
Ungrouped d Data Group ped Data 0.968 8260 1.019954 N/A 1.00 05092 0.481 1309 0.49 98810 0.231 1658 0.24 48812 0.497 7086 0.48 89052
T The statistic cs (Table 14.5) 1 show the mean and a median sample intterval length h to be 1 m m, with a range from <10 cm to o 8 m. The e histogram plot (Figu ure 14.3) re eveals the majority off sample y 99% of sample s inte ervals range e from 0.2 25 m to 1.5 m. A intervals arre 1.5 m, and nearly compositing g interval off 1.5 m is suggested in n order to n normalize re esults and e essentially e eliminate any potentia al bias in th he sample grrade that co ould result ffrom varying g sample len ngths. Norm mal Histogram m 0.25 5
Frequency %
0.20 0
0.15 5
0.10 0
0.05 5
0 0
1.00
2.0 00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
Real Value All Au A Assay Interval Lengths ND DWest Softtware By Gem com
Figure 14.3: 1 Histo ogram plot – all assay y sample in nterval len ngths
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14.4
62
Geology & Min neralized zo one Interp pretation & Modelling g
ple population, approximately 1/3 3 have grad Within the total samp des below detection limits. A mples likely occur in ba arren rock outside the e limits of d defined min neralized majority of these sam el was interpreted and constructed d to allow selection of samples zone(s). A mineralized zone mode m viewed here ein. n, and is rev only within the defined zones of mineralizatio ough all of the t rocks de escribed in this t section of the Repo ort have bee en metamorrphosed, NOTE: Altho tthe “meta” prefix has been b omitted for simplic city from th e rock desccriptions. A series off 21 north--south orien nted cross--sections, sspaced at 2 25 m interv vals, were devised between UT TM Eastings s 333075 and 333850.. Occasiona l 50 m, and one 75 m m, section s spacings w were used in areas with fewer drrill-holes. Th he “end” se ections (i.e., Section 3 333075 and Section mately coinciident with the t western n and easte ern property y boundaries of the 333850) arre approxim fformer Norrdeau Westt project claims, c resp pectively. E Each sectio on’s width is defined by the boundaries at half the distance to o the adjace ent sectionss excepting the end se ections, which were o respect the property boundaries. restricted to In addition,, a series off 21 plan vie ews, spaced d at 50 m in ntervals from surface ((0 m) to a d depth of 1000 m, we ere created, and a sing gle longitud dinal section n, perpendiccular to the e indicated s strike of geology (i.e e., oriented approximattely east-we est) was gen nerated alon ng UTM Nortthing 53195 500. Drill-hole prrofiles were e established d to display y the drill-h ole traces, lithology an nd assay re esults on tthe established plans and a sections s, and in 3D models. and eleva T The drill-ho ole collar coordinates c ations were e used to create a 3 3D TIN (trriangular interpolation net) surfface of topo ography. Th he topograp phic surface e was expa anded to co over the he former Nordeau N We est project claims. Sim milarly, the drill-hole o overburden--bedrock limits of th intersection n points we ere used to o create a 3D bedrock k topograph hy surface that was s similarly expanded to o cover the limits of the e former pro operty. Several lith hological un nits and ge eological fe eatures are consistenttly identified in the d drill-hole lithology da ata and dem monstrate obvious o con ntinuity acro oss all sections, and c correlation w with the interpreted surface geo ology. A major structural conttact betwee en sedimentary and volcanic rocks (the so-called S-V Fau ult), dips ds 020º across the imm mediate area a. This conttact is interp preted to be e a splay fault from -65º toward tthe main Ca adillac Tecto onic Zone, located apprroximately 1 km north.. A polyline was digitize ed along tthe S-V Fau ult drill-hole e intersection points on each of the e vertical crross sections, tied in pllan-view and wire-fra amed to gen nerate a 3D D surface TIN N of the S-V V Fault conttact. The up pper limit of the S-V Fault contac ct surface was w clipped against a the bedrock top pography su urface. T Two distinc ct horizons of strongly magnetic, oxide iron formation ((IF) occur in the hanging wall sedimentary y rocks from m a few metres to 50+ m stratigra aphically bellow, but strructurally ab bove the v volcanic con ntact. The IF horizons vary v from a few metress to 20+ m tthick, with a approximate ely 10 m of interveniing sedimen nts. The un nits appear to parallel the S-V Fa ault across the Nordea au West project claim ms, and dow wn-dip to de epths over 1000 1 m. Polygons we ere digitized d on each of o the 21 cro oss sectionss using the drill-hole intersection p points at tthe upper and a lowermo ost contacts s of the IF horizons, re espectively. The IF sec ction polygo ons from each sectio on were tied d and wire--framed to produce a 3D solid T TIN of the IF and inte ervening sediments. The upper limit of the IF I solid was s clipped aga ainst the be edrock topog graphy surfa ace.
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A sequence of mafic to intermediate tuffs and d flows occu py a fault-b bounded blo ock south of the S-V ct. The sequence is ap pproximately y 400 m thiick near surrface, but n narrows at d depth as Fault contac tthe southe ern fault diips more shallowly s northward n cconverging with the northern fa ault, as interpreted from drilling g. T The volcanic units so outh of the e S-V Faultt contact a are difficult to correlate over sig gnificant C of o certain volcanic v unitts is locally possible, esspecially between drill--holes of distances. Correlation tthe same vintage, as s drill-log entries and d rock desscriptions are typically y more con nsistent. uthern” volccanic units is complic cated by Interpretation of the spatial disttribution of these “sou f offsets s, which sup pport the su uggestion th hat the enttire 400 m v volcanic suc ccession numerous fault w within the fault bounde ed southern block is witthin a high-d deformation n corridor. A Approximattely 100 m structurally y below the S-V Fault ccontact, narrow (<2 m wide) inte ervals of ttalc-chlorite e and/or grraphite schis st have bee en regularly y intersecte ed in drilling. These u units are interpreted to represen nt a fault zo one (the so-called Low wer Fault) th hat approxim mately para allels the s intervals are lo ogged furth her south and are also o interprete ed to be S-V Fault. Additional similar verging and//or conjugatte fault structures. parallel, div A All mineralized zones identified fo or resource estimation lie within a 100 m wid de corridor b between tthe S-V Fau ult and the sub-parallel s 100 m south h. No sub-u units were m modelled Lower Fault, located 1 w within the volcanic v stra atigraphy ex xcept the miineralized zo one(s). Drill-hole as ssays were displayed and a composited using v various methods (i.e. v varied equal lengths and cut-off grades) to evaluate an nd interprett zones of g gold minerallization. The e mineralize ed zones w n approxima ate 0.50 gptt Au cut-offf to identify and digitize e the limits tto zones were modellled using an of apparen nt continuous mineralization. Du uring sectio on digitizing g, the ass says were visually inspected along drill-ho oles to optim mize boundaries of the e mineralize ed zone to g grades >1-2 2 gpt Au w ble. when possib Mineralization appears to be large ely confined d to a singl e relatively narrow zone that strikes and dips nearly parallel wiith the majjor structures, and is characterize ed by the presence of strong ariable quarrtz veining with up to 10-15% sulphides (py yrite, pyrrho otite and shearing, alteration, va e), and rarre visible go old. Locally,, secondary y sub-paralllel conjugatte faults within the arsenopyrite deformation n corridor crross the min neralized zo ones, disruptting the min neralization into boudin naged or en-echelon zones or le enses; how wever, the mineralized m envelope iss remarkab bly consisten nt along neralized zo one limits were furtther refined to acco ount for strike and down-dip.. The min eted cross-ccutting shea ar zones and d conformitty to the disruption/ttermination caused by the interpre geological model m contacts. F Figure 14.4 4 and Figur re 14.5 sho ow the surfa ace and solid ds geologica al models w with drill-holes in 3D isometric plan (top/dow wn-dip) and cross sectio on view, resspectively.
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3D Iso ometric Top / Down-Dip View V 3D Geolog gy and Minera al Zone Solid ds Model Nordeau u West
Metasediment-m metavolcanic fault con ntact Oxide IF Mineral Zones Z
775 5m
Figure 14 4.4: 3D isomettric top/down n-dip view – geology g solids s & surfaces m model
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3D Iso ometric Cros ss Section View (Facing East) 3D Geology G and d Mineral Zon ne Solids Mo odel N Nordeau Wes st
Minerall Zones
1000m
Oxide IF 20 - 40+m wide
Meta asediment-metavolcanic fault contact
Figure 14.5 5: 3D isometriic N-S cross section s view – geology solid ds & surfaces s model
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F Figure 14..6 displays the minera alized zone solids and d drill-holess in 2D eas st-west long gitudinal section view w, facing sou uth. Near surfac ce (i.e. < 250 m deep), the zone es of minera alization are e demonstra ably more s severely disrupted by crossing faults f and related shea aring into sm maller boudinaged/en-e echelon lens ses. The prises a series of weaklly mineralizzed, parallel, en-echelon lenses that occur so-called B Zone comp outh of the so-called Main M Zone, b but which a are only deffinable in th he upper approximately 10 m so d sugg gesting thatt the B Zon ne lenses co ould be shear-displaced d parts of tthe Main 250 m of drilling, Zone, or be e offset from m the Main Zone Z by cros sscutting fau ults. orth and ex T The minera alized zones s dip approx ximately 65 5O to the no xit the nortth boundary y of the fformer Nord deau West project p claim ms at depth (Figure 14 4.6); howev ver, the min neralized zo one solid w was not clip pped at the e north boundary for th he 2017 MR RE, as it wa as for the 2 2009 MRE, s so as to include the deeper dow wn-dip drill-h hole intersection pointss in the grad de interpolattion process s. T The Main Zo one solid vo olume is calc culated at 3.15 3 million cubic metre es, whereas s the B zone e solid is calculated to have a vo olume of 36,,000 cubic metres. m E-W Long Secttion View (Fac cing South) 3D Minerall Zone Solids s Model No ordeau West B Zone
Faults
1000m
Main Zone
Mineral Zmineralized Limit Limit ofZone zo one at forme er northern Northern Property Boun ndary property y boundary
775m
Figure e 14.6: 2D E-W E longittudinal secttion view – geology s solids & su urfaces mo odel
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14.5
67
Mine eralized Zo one Assays s & Compos siting
T The mineralized zone wire-frame w solid s was us sed to selecct only drill--hole assays s within the e greater h univariate u sttatistics for Au assays within the limits of mineralized zone. The summary histogram tthe defined mineralized zone (Tab ble 14.6) show s that a total of 919 (i.e., les ss than 10% %) of all ur within the e defined mineralized zo one. assays occu Table 14.6: 1 Univa ariate Histo ogram Stattistics – Miineralized Zone Au A Assays (unc cut) Minimum Cutoff C Value Maximum Cutoff Value Number off Samples <=0 Total Num mber of Samples Used
0.00 60.00 19 919
Minimum Histogram H Va alue Maximum Histogram Va alue Number off Class Class Interval
0.00 60.00 60 1.00
Minimum Population P Da ata point Maximum Population Data D point Total Popu ulation
0.00 60.00 919
Mean Median Standard Deviation D Variance Coefficient of Variation
Ungrouped d Data Grouped Data 2.4 2.312345 417301 N/A 1.0 029570 5.01 17249 4.9 967766 25.17 72789 24.6 678698 2.16 69767 2.0 055087
T The mean grade g of the e mineralized zone assa ay populatio on is 2.42 gp pt Au, significantly high her than tthe total sample popula ation grade.. The varian nce and coeffficient of va ariations are e also notab bly high. T The results may be biased as a res sult of varie ed sample le engths. Table 14.7 7 provides summary s histogram un nivariate sta atistics for sample ass say interval lengths w within the liimits of the defined min neralized zo ones. Table 14.7: Univ variate His stogram Sta atistics – M Mineralized d Zone Sam mple Lengtths Minimum Hisstogram Value e 0.000000 Maximum Hisstogram Valu ue 4.000000 Number of Class C 20 Class Interva al 0.200000
Minimum Pop pulation Data a point Maximum Po opulation Data a point Total Population Mean Median Standard Deviation Variance Coefficient off Variation
0.090000 3.050000 919
Ungrouped Data U D Grouped Data 0.7399 978 0.751 1360 N N/A 0.635 5000 0.4285 549 0.432 2388 0.1836 654 0.186 6960 0.579137 0.575 5474
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F Figure 14.7 is a norm mal histogra am of the sa ample assay y interval le engths with hin the limitts of the neralized zon ne. defined min Norm mal Histogram m
250
Frequency Count
200
150
100
50
0
0
0.40
0.80 0
1.20
1.60
2.00
2.40
2.80
3.20
3.60
4.00
Real Value Softwa are By Gemcom
Fiigure 14.7:: Histogram m plot – miineralized zone samp ple interva al lengths T The histogrram statistic cs shown in Table 14..7 indicate tthat sample es within th he mineraliz zed zone are generallly shorter, with a mea an length of 0.75 m, b but are high hly variable e in length, ranging ffrom <10 cm to 3 m. Figure F 14.7 7 further rev veals that 9 9% of the ssample interrvals are <1 1.6 m. A 1 m was selected s to eliminate a any possible e bias introd duced by the highly composite interval of 1.5 v variable sam mple lengths s. Prior to com mpositing the assays within the wire frame on 1.5 m equal lengths, the co omposite grade and length of each drill-hole e intersectio on was calcu ulated and rreviewed. Ta Table 14.8 p provides e 99 drill-hole intersectiions and the e calculated d composite grades and d lengths wiithin the a list of the w wireframe solid. s Compo osites were calculated using u the Au u assays cut to a 60 gp pt maximum m. T There are 88 8 composiites from th he Main Zone and 11 from the B Zone of mineralizatiion. The average intersection length of the Main Zone mineral sol id is 8.3 m and near “ttrue thickne ess” with e is conside erably narrower with an n average th hickness an average grade of 1..78 gpt Au. The B Zone nd average grade g of 2.2 22 gpt Au. of 2.4 m an A Assays werre composited on 1.5 5 m equal sample le engths with hin the deffined limits of the mineralized zone solid (i.e., within n the interv vals shown in Table 14 4.8). The A Au assays cu ut to 60 posite calcu ulations. Ta able 14.9 provides su ummary un nivariate gpt Au were used for the comp or the 1.5 m equal-llength com mposites (n= =517), that were gen nerated. histogram statistics fo g started att the upperr contact of the interse ections and the last, usually odd, interval Compositing length (<1.5 m) at the lower conta act of the in ntersection w was retained d as a comp posite point.
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Table 14.8: 1 Miner ralized Zon ne Compos sites Main Hole 10-484-82-30 10-484-82-31 10-484-82-32 10-484-82-35 10-484-82-36 10-484-82-38 10-484-82-40 10-484-82-41 10-484-82-42 10-484-82-43 484-81-21 484-81-27 484-81-28 8-83-01 8-83-02 8-83-03 8-83-04 8-83-05B 8-83-06 8-83-07 8-83-08 8-83-11 8-83-12 8-84-40 8-84-41 8-84-42 8-84-43 N-12 NW08-01 NW08-02 NW08-03 NW08-04 NW08-05 NW08-06 NW08-07 NW08-08 NW08-09 NW08-10 NW08-11 NW08-12 NW08-13 PG-06-01 PG-06-02 PG-06-03 Average
Zone DDH Intersection ns Zone Au gpt Interval ain 1.48 Ma 17.67 Ma ain 5.73 5.15 Ma ain 3.54 2.24 Ma ain 4.86 0.64 Ma ain 12.04 5.61 Ma ain 11.12 0.80 Ma ain 7.24 0.54 Ma ain 10.74 0.72 Ma ain 3.10 2.04 Ma ain 4.67 0.79 Ma ain 4.50 7.45 Ma ain 4.50 1.00 Ma ain 4.71 1.10 Ma ain 7.84 1.56 Ma ain 3.53 0.72 Ma ain 3.22 1.99 Ma ain 7.73 0.85 Ma ain 7.05 1.54 Ma ain 1.84 0.90 Ma ain 5.31 0.74 Ma ain 28.14 1.62 Ma ain 5.99 0.48 Ma ain 5.43 0.94 Ma ain 7.25 0.90 Ma ain 46.09 0.73 Ma ain 17.68 1.16 Ma ain 7.46 0.64 Ma ain 3.10 2.47 Ma ain 8.00 1.73 Ma ain 2.95 2.25 Ma ain 4.26 3.71 Ma ain 18.95 0.77 Ma ain 6.30 1.18 Ma ain 8.64 5.57 Ma ain 8.05 4.36 Ma ain 7.40 1.68 Ma ain 2.20 0.92 Ma ain 10.15 2.92 Ma ain 2.55 0.89 Ma ain 5.70 0.59 Ma ain 7.05 2.77 Ma ain 14.12 1.49 Ma ain 11.62 1.81 Ma ain 10.50 1.61 Ma ain 8.28 1.78
Main Zone Z DDH Intersecttions Hole Zone Interrval Main 13 3.05 PG-06-04A Main 15 5.50 PG-06-05 Main 18 8.30 PG-06-06 Main 10 0.50 PG-06-06 Main 17 7.40 PG-06-07 Main 7 7.15 PG-06-08 Main 11.50 PG-06-09 6 6.00 Main PG-06-21 Main 12 2.99 VE-1 Main 3 3.35 VE-3 Main 4 4.27 VE-4 Main 4 4.09 VE-7 Main 1.00 W 87-01 0 0.90 Main W 87-02 Main 4 4.50 W 87-03 Main 7 7.00 W 87-04 Main 3 3.60 W 87-05 Main 7 7.10 W 87-06 Main 2 2.50 W 87-07 Main 1.60 W 87-08 2 2.50 Main W 87-10 Main 3 3.00 W 87-11 Main 0 0.80 W 87-13 Main 3 3.42 W 87-14 Main 1.80 W 87-15 3 3.10 Main W 87-17 Main 18 8.00 W 87-19 Main 11.70 W 87-20 Main 11.91 W 87-20 2 2.10 Main W 87-21 Main 4 4.60 W 87-22 Main 2 2.00 W 87-23 Main 10 0.30 W 87-24 Main 7 7.80 W 88-01 Main 17 7.60 W 88-02 Main 8 8.24 W 88-03 Main 7 7.15 W 88-04 Main 3 3.08 W 90-02 Main 10 0.30 W 90-05 Main 17 7.80 W 90-06 Main 6 6.90 W 90-07 Main 11.21 W 90-08 Main 1.50 W 90-09 3 3.49 Main W 90-09B
Au gpt 1.09 1.25 1.67 1.62 5.08 0.74 0.45 2.25 1.25 0.46 2.26 1.87 2.68 4.60 1.35 1.21 0.61 0.32 1.35 1.73 1.09 0.99 4.52 3.94 0.83 1.71 2.14 6.24 1.63 2.31 3.08 2.09 1.43 0.64 0.81 1.54 0.44 1.88 0.94 5.56 3.57 1.91 2.44 4.95
B Zone DDH Intersec ctions Hole Zone Intterval 3 B 10-484-82-33 1.41 10-484-82-34 4 B 3.37 10-484-82-38 8 B 0.07 B 484-81-16 4.76 B 484-81-27 2.05 B 8-84-40 0.93 B W 87-02 1.50 B W 87-05 4.10 B W 87-09 3.30 B Average 2.39
Au gpt 1.85 1.49 1.54 2.45 2.99 1.47 1.19 1.28 4.15 2.22
Table 14 4.9: Univariiate Histog gram Statis stics – Mine eralized Zo one 1.5 m Composite es (Au cut) Minimum Cutoff C Value Maximum Cutoff C Value Number of Samples <=0 ber of Samples s Used Total Numb
0.00 60.00 17 517
Minimum Histogram H Value Maximum Histogram H Valu ue Number of Class Class Interrval
0.00 60.00 60 1.00
Minimum Population P Data a point Maximum Population P Datta point Total Popu ulation
0.00 60.00 517
Mean Median D Standard Deviation Variance Coefficient of Variation
Ungrouped Data Grouped Data 2.0648 848 2.1054 416 N N/A 1.0375 500 4.0039 911 3.9727 709 16.0313 304 15.782413 1.9390 083 1.8869 900
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T The statistic cs shown in Table 14.9 9 demonstrrate a reducced mean grrade of 2.11 1 gpt Au forr the 1.5 m composittes within th he mineraliz zed zone solids comparred to the in ndividual as ssays; howe ever, the v variance an nd coefficien nt of variatiion are also o significanttly reduced. The reduc ced variance e of the sample population prov vides for bettter correlattion of samp ples during grade interp polation. F Figure 14.8 8 is a log-normal proba ability plot of o the 1.5 m composites. T The log-norrmal probab bility plot off the 1.5 m compositess indicates ssubpopulatio ons within tthe data set that can n be charactterized as fo ollows: Internal Wa aste Population Mixed Internal Waste/L Low-grade Population P Mineralized Population High-grade Population -
<0.4 0.4 – 1.0 1.0 – 8.5 >8.5
g gpt g gpt g gpt g gpt
Au Au Au Au
T The compos site geostatistics indicate the prese ence of a hig gh-grade po opulation off samples ab bove 8.5 gpt Au thatt are unique to the bu ulk of the mineralized m sub-population. The re esults suggest that grade interp polation ran nges should be restricte ed during re esource estim mation for tthe high-gra ade subpopulation of o samples.
L LOG Norm mal Probab bility Plot
1 100.00 99.99 99.40
Probability
88.94 50.00 11.06 0.60 0.01
0.010
0.100
MZ 1.5m Au Compo osites (Au cut 60 gpt) - NDWest N
1.000
10.000 0
1 100.000
Real Value
Software By Gemco om
F Figure 14.8 8: Log-nor rmal probability plot – mineraliz zed zone 1 1.5 m comp posites (Au u cut)
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14.6
71
Assa ay Compos site Grade x Thicknes ss Contouriing
T The minera alized zone intersection n composite e grades an nd thicknesss calculated d and tabu ulated in Table 14.8 8 were conto oured on a vertical grid d establishe d along an east-west lo ongitudinal section. A 10 m x 10 1 m grid cell c dimension was use ed to cover the extentts of the mo odelled min neralized zone, as shown in Figu ure 14.6. An A inverse distance d alg orithm was used to intterpolate grade into tthe cells for contouring based on a 75 m ra adius 2D sp pherical search. The sp pherical sea arch was d to gene erate any possible p tren nds naturallly from the data. Figu ure 14.9 selected to allow the data mposite gra ade x thickn ness interse ection pointt contouring g of the shows the results for the Au com mineralized zone. E-W Long Section S View (Facing Soutth) DDH Intersection Grade x Length Colour Contours C Nordeau We est
1000m
Faults
Limitalof mineralized Minera Zone Limit d zone at forrmer northern
Northe ern Bo oundary prope ertyProperty boundary
A gpt x Lengtth meters Au
775m
W longitudin nal section view – com mposite grrade x thic ckness conttouring Figure 14.9: 2D E-W T The minera alized zone composite grade thickness conto ours demon nstrate tren nds that ap ppear to correlate with w geological features s. The grad de x thickn ness contou uring indicates two prrominent ttrends in th he data: 1) a shallow trrend that dips approxim mately -30º towards the east, sub-parallel w with the intterpreted fault structurres, and; 2) a steep tre end that dip ps approxim mately -60º towards tthe northwe est.
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Variography
V Variography y is an analysis of sam mple varianc ce (semi-varriance) as a function o of distance b between samples. Th he down-hole linear sem mi-variogram measure s variance ffor the close est spaced samples in a drill-hole database e and provid des the best indication o of the nugget value (va ariance at th he same sample loca ation), and the t down-ho ole range off influence fo or samples. mpleted on 1.5 m equa F Figure 14.10 shows th he results of down-hole e linear variography com al length o 60 gpt ma aximum, and d normalized to the pop pulation varriance. composites of the Au assays cut to
1.5m Equal Length L Au Assay A Composites (Au cut c 60 gpt) Down-Hole Linear Semi-V Variogram
Linearr Semi-vario ogram 1.50
1.20
Gamma (H)
0.90
0.60 1) Nugget Effect( E 0.10) 2) Spherica al( 4.06, 0.82)
0.30
0
0
5
1.5m Composittes NDWest
9
14
18
23 27 Range [m]
32
36
41
45 5
Software By Ge emcom
re 14.10: Linear L Dow wn-Hole Semi-variogrram – 1.5 m Composiites (Au cu ut) Figur
T The modelle ed variogram in Figure e 14.10 ind dicates a re elatively low w nugget inffluence (varriance at same sample point) of 0.10 gpt Au u. The range of influen ce down-ho ole is indicatted to be ne ear 4 m, ely true width across th he strike an nd dip of m mineralization n. The 4 m range of in nfluence an effective (radius) co orresponds well with the t average mineralizzed zone in ntersection length of 8.3 m, indicated in Table 14.8 8. ram was ge A 3D omni-directional semi-variog s enerated usiing the 1.5 m composittes in an atttempt to ge of influe ence in the e data. Fig gure 14.11 shows res sults of the e omniidentify a global rang m and indicates s a range off influence o of up to 50 m m. directional modelling
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1.5 5m Equal Le ength Au As ssay Comp posites (Au cut 60 gpt) Om mni Directio onal Semi-V Variogram 3D Se emi-variogra am NDW15mcmps s Omni Directional (10m lag) 2.00
1) Nugget Effe ect( 0.68)
1.60
Gamma (H)
2) Spherical( 51.17, 5 0.46) 1.20
0.80
0.40
0
0
30
60
90
120
150 180 Range [m]
210
240
270
300
Software By B Gemcom
Figure e 14.11: 3D D Omni-dir rectional semi-variog gram – 1.5 5 m compos sites (Au c cut) were generrated in 10º 3D direction nal specific variograms v º incrementss of azimuth h and dip to identify directions of specific influence on grade. Two spec ific directio ons were ffound to g generate v variograms that could be well fittted with mo odels, and tthat were indicative off greater ra anges of F 14..12 and Fiigure 14.1 13 display results of the modelled 3D dirrectional influence. Figure v variograms along azimuth (Az) 090º dipping -30º, and A Az 270º dipp ping -60º, re espectively. Each of the two directions identifie ed demonsttrate rangess from 70 m to near 80 0 m. The Az z 090º 30º dip dirrection corrresponds with w the shallow easte erly plunge of one off the highe er grade mineralized trends ide entified from m the conto ouring and geological modelling ((see Figure e 14.9). he azimuth 270º -60º dip direction correspon nds with the e north-wes sterly plunge of the Similarly, th other higher-grade min neralized tre end. Results from m the variog graphy indic cate a globa al correlatio on of gold va alues for dis stances up to 50 m between samples along g strike and d down-dip, as indicate ed by the om mni-directio onal variogra am. The nge across the t mineralized zones from f the do own-hole linear variogra am is only 4 m and indicate ran indicative of o the average 8 m wid dth of the Main M zone. C Correlationss for distanc ces up to 75 m are indicated fo or two speciific direction ns identified d from the 3 3D direction nal specific variography y: 1) Az 090º dip -3 30º, and; 2)) Az 270º dip -60º. The e two directtions are ne ear normal to one anotther and w would sugg gest a spherrical ellipse could be used; u howev ver, variogrraphy did n not support a 75 m radius in all a directions. Two sim milarly orien nted search ellipses ea ach with lo ong axis along the indicated az zimuth with h range of 75 m and intermediatte axis with h the global range of 50 m is preferred.
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1.5m Equall Length Au Assay A Compos sites (Au cut 60 6 gpt) Az 090 Dip -30 (Shallow NE E Plunge) 3D Semi-variogram S m NDW15mcm mps Az 090 Dip -30 (15m lag) 3.0 00
1) Nugget Effec ct( 0.00)
Gamma (H)
2.4 40
2) Spherical( 69 9.97, 1.98)
*
1.8 80
1.2 20
0.6 60
0
0
30
6 60
90
120
150 180 Range [m]
210
240
270
300
Software By Gemcom
Fig gure 14.12:: 3D directtional semii-variogram m – 1.5 m c composites s (Au cut) Az 09 90º Dip -30 0º 1.5m Equa al Length Au Assay A Compos sites (Au cut 60 6 gpt) Az 270 Dip -6 60 (Steep NW Plunge) 3D Se emi-variogram m NDW15mcmps s Az 270 Dip -60 (15 5m lag) 2.0 00
Gamma (H)
1.6 60
1.2 20
0.8 80 1) Nugget Effect( 0.18) 0 2) Spherical( 77.55 5, 0.93) 0.4 40
0
0
40
8 80
120
160
200
240
280
320
360
400
Range [m] Software By Gemcom
Fig gure 14.13:: 3D directtional semii-variogram m – 1.5 m c composites s (Au cut) Az 27 70º Dip -60 0º
74
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T The two elllipses are defined d by a single orientation an nd reversin g the range es of the lo ong and intermediate axis as follows: Orientation by Z-X-Z Rotation R of Axis A xis -10º (orrient x-axis at strike Azz 100º) 1st Rotation about Z ax xis -65º (orrient y-axis down dip) 1st Rotation about X ax n about Z ax xis 30º (o orient x-axis s rake to Azz 090º Dip-3 30º and y-axis rake to Az 270º 2nd Rotation Dip-60º) Search Ellip pse 1 - Princ cipal Axis Inttermediate Axis A Tertiary Ax xis
A Az 090º Dip p -30º Range 75m A Az 270º Dip p -60º Range 50m Az 190º Dip p -25º Rang ge 4m
Search Ellip pse 2 - Princ cipal Axis Inttermediate Axis A Tertiary Ax xis
A Az 270º Dip p -60º Range 75m A Az 090º Dip p -30º Range 50m Az 190º Dip p -25º Rang ge 4m
14.8
Bloc ck Modellin ng & Grade Estimation Parametters
A block model project was establiished in the e GEMS softtware syste em to coverr the extentts of the est project area. a Nordeau We T The block model m geome etry is summ marized as follows: f Block mode el origin – UT TM x=333050 (Easting), y=53194 00 (Northin ng), z=5400 0 (Elevation)) No Block Mo odel Rotatio on (i.e. x=E,, y=N, z=El) Block cell dimensions – 5 m (E), 2.5 m (N) , 5 m (El) mns – 160 (E) ( No. of Colum No. of Rows s – 320 (N) No. of Levels – 210 (El) Within the block b model project a series of bloc ck models w were established to storre various d data. Rock (Minerralized zone e) Block Mod del T The Main Zone Z and B Zone solids s were used d to select and assign unique intteger rock c codes to blocks that occurred within w the re espective mineralized zzones. A rocck code of 2 25 was assigned to blocks withiin the Main Zone and 26 to blocks within the B Zone. T The mineralized zones solids were e clipped ag gainst the b bedrock topo ographic su urface so no o further ttreatment was w required d. No additiional rock coding c was required forr the rock b block model as only tthe mineralized zones blocks req quire grade estimation.. Figure 14 4.14 displa ays the min neralized k model. A total of 110,969 block ks were asssigned to th he Main Zon ne (rock zone coded Rock block a to the B Zone e (rock code e 26). The a aggregated 113,172 code 25), and 2,203 bllocks were assigned esent the maximum m number of blo ocks that cou uld be grade e estimated d. blocks repre Percent Bloc ck Model A Percent block b model was establlished and populated p w with the calcculated perc centages fo or blocks w within the mineralized d zones solids. The Pe ercent bloc k model was used to o weight blo ocks for v volumetric and a resourc ce reporting.
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DDH Intersection Grade x Length Colour Contours & Rock Block Model Nordeau West Bedrock Surface B Zone Blocks Rock Code 26
1000m
Main Zone Blocks Rock Code 25
Mineral Limit zone Limit ofZone mineralized at former northern Northern Property Boundary property boundary
Additional MainBlocks Zone Blocks No Main Zone (Code 25) not included in Rock Code 0 2009 resource calculations
(outside property)
775m
Figure 14.14: 3D E-W Longitudinal Section View – Mineralized zone Block Model Grade Block Model A grade block model was established to store calculated grades using predefined sample search and grade interpolation profiles detailing the criteria and parameters for grade interpolation. Grade Estimation Parameters A search/interpolation profile was established with the following parameters to estimate grade. Points Used for Estimate - 1.5 m assay composites within defined limits of mineralized zones solid Au cut to 60 gpt max before compositing Stored with respective mineralized zone integer rock codes Blocks Estimated - Blocks with Rock Code 25 estimated by Points with Rock Code 25 only Blocks with Rock Code 26 estimated by Points with Rock Code 26 only Search Type – Octanct sub-divided Ellipsoid Minimum No. of Samples -1 for Inferred Estimates, 6 for Indicated Estimates (i.e., 2 holes) Maximum No. of Samples - 24 Maximum No. of Samples per Hole – 4 Maximum No. of Samples per Octant – 6
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Search & In nterpolation Ellipse Orie entation & Ranges R In order to most accurrately estima ate resource es as indica ated by variography res sults and su upported ological interpretation,, two similarly orientted ellipsoid ds were used to select and by the geo interpolate grades alon ng the indica ated trends of mineralizzation using g longer ranges for the primary h ellipse. axis of each T The two pre eferred tren nds are norm mal to one another witth nearly th he same ind dicated rang ges from v variography y. Each of the t two sea arch ellipses s used for ssearch interpolation arre defined w with the same Z-X-Z Z axis of rotation r to orient the ellipse in the 100º a azimuth an nd -65º dip p of the mineralized zone. The first ellipse is defined with w the X-a axis as the primary axis with longe er range 0 azimutth -30º tren nd (i.e., norrtheast plun nging). The second ellipse is defin ned with along the 090º tthe Y-axis as a the primary axis witth longer ra ange of influ uence along g the 270º azimuth -60 0º trend (i.e., northw west plunging). For bo oth ellipsoid ds, the inte rmediate ax xis is defined along th he other ttrend direc ction and specified s with the sho orter range as indicatted from th he omni-dirrectional v variogram. T The Z-X-Z Rotation R for both ellipse es is defined d as follows : 1st Rotation about Z ax xis -10º xis -65º 1st Rotation about X ax n about Z ax xis 30º 2nd Rotation In order to o more acc curately esttimate and categorize resources, it was de etermined that two separate grade interp polations were require ed using se earch-interp polation elliipses with varying g 66% of the indicated ranges from va ariography w were used tto define the x-axis ranges. In general, and y-axis ranges of th he ellipses used u to estiimate Indica ated Resources. As only compositte points w m zone were used for es stimation, a longer terttiary Z-axis range was used to within the mineralized ensure sam mples were in ncluded from m along strike and dow wn-dip, desp pite minor lo ocal variations. T The log-norrmal probab bility plot off the 1.5 m mineralized d zone com mposites indicates a hig gh-grade subpopulation of samp ples >8.5 gpt Au. The range of in nfluence wa as reduced 50% for th he highpopulation of o samples. The z-axis range fo r high-grad de samples >8.5 gpt Au was grade subp restricted to o 3.0 m to prevent p spre eading of na arrow high-g grade interssections acrross the min neralized zone. Search-Inte erpolation Ranges Used for Indicate ed Resource e Estimates ~66% of indicated rang ge for x and d y axis nd y axis range for sam mples >8.5 gpt g Au 50% of x an z-axis increased to 15 m to allow for f variation ns in strike/d dip amples >8.5 gpt Au res stricted to 3 3.0m z-axis for high-grade sa Ellipse 1 Principal X-A Axis along Az A 090º Dip -30º Range X – 50m 5 Range Y – 35m 3 Range Z – 15m 1
High-grrade >8.5 g gpt Au Rang ges Range X – 25m Range Y – 17.5m Range Z – 3m
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Ellipse 2 Principal Y-A Axis along Az A 270º Dip -60º Range X – 35m 3 Range Y – 50m 5 Range Z – 15m 1
78
High-grrade >8.5 g gpt Au Rang ges Range X – 17.5m Range Y – 25m Range Z – 3m
Search-Inte erpolation Ranges Used for Inferred d Resource Estimates 133% of ind dicated rang ge for x and y axis 100% of x and a y axis range r for samples >8.5 gpt Au z-axis increased to 20 m to allow for f variation ns in strike/d dip es >8.5 gpt Au z-axis restricted to 6 m for high-grrade sample Ellipse 1 Principal X-A Axis along Az A 090º Dip -30º Range X – 100m 1 Range Y – 70m 7 Range Z – 20m 2
High-grrade >8.5 g gpt Au Rang ges Range X – 50m Range Y – 35m Range Z – 6m
Ellipse 2 Principal Y-A Axis along Az A 270º Dip -60º Range X – 70m 7 Range Y – 100m 1 Range Z – 20m 2
gpt Au Rang ges High-grrade >8.5 g Range X – 35m Range Y – 50m Range Z – 6m
Special Bloc ck Models T Two special block mod dels, in add dition to the Au-grade e block mod del, were e established to store v values calcu ulated durin ng the grade e interpolation process. The distance to the ne earest samp ple point ffor each blo ock estimate ed was storred in a block model. S Similarly, th he total num mber of poin nts used tto estimate e blocks was stored in a block model. These e special models were used to as ssist the categorization of estim mated resou urces. Block ks estimated d with 6 orr more poin nts were flagged as R blocks. Since e a maximu um of 4 sa amples perr hole was established d in the Indicated Resource interpolation profile criteria, block ks calculate ed with 5 o r more sam mples includ de a minimu um of 2 drill-holes. Grade Interrpolation A An inverse distance squared algorrithm was used to calcu ulate the grrades stored d in the grad de block w completted using all parameterrs defined above for esttimating model. Initial grade intterpolation was Indicated Resources as first completed using g the ellipse e ranges de efined for estimating In ndicated Grade interrpolation wa Resources. Ellipse 1, oriented on the t shallow easterly plu unge, was u used for the e first interp polation, 4,924 block ks with grade. A second d interpolation, using E Ellipse 2 orie ented on populating a total of 14 tthe steep northwest n plunge, up-d dated only blocks b with zero-grade e, and popu ulated an ad dditional 2,900 block ks with grade. A comparison was com mpleted reve ersing interrpolations w with Ellipse 2 first and then up-da ating the d blocks witth the Ellips se 1 interpo olation. The e resulting n number of blocks was similar; unestimated however, significantly s fewer blo ocks were estimated initially by y Ellipse 2 versus Ellipse 1, suggesting that Ellipse e 1 may be e oriented along a the p principal plu unge of high her-grade z zones or shoots.
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A As a resultt, final Indicated Resource grade estimates were calcu ulated apply ying Ellipse 1 first, ffollowed by y a second interpolatio on using Ellipse 2, and d up-dating g only prev viously unes stimated blocks. Subsequentt to interpolation of gra ades using the indicated d resource e estimate parameters, a second series of intterpolations s were comp pleted, in order to esti mate grade es using the e Inferred R Resource estimation parameters p . Search ellip pse 1 with the longer inferred ranges was u used to inte erpolate gra ade in unes stimated blocks and estimated grade g for an additional 48,061 blo ocks. Subse equently, se earch ellipse e 2 with tthe longer inferred ran nges was us sed to interrpolate grad de into unesstimated blo ocks and es stimated 4 blocks. grade in an additional 4,355 A total of 17,824 1 grad de blocks are categoriz zed as Indicated Resources, wherreas and ad dditional 52,416 grade blocks are a categoriized as Infe erred Resou urces. The ttotal resourrce occurs w within a ttotal of 70,2 240 estimatted grade blocks. 14.9
Spec cific Gravitty & Volum metrics
T The only recorded data a for specific c gravity (SG G) measure ements of m mineralized s samples at N Nordeau f historiic hole 10-4 484-82-30. T The average of the 6 rrecorded West are from 6 samples of core from ements is 2.90 g/cm3 with w a marginally highe r sample length weightted average e of 2.92 SG measure 3 g/cm . The historic res source and reserve esttimates (see e Section 6 6), although not comp pliant by sed an SG of o 2.90 for calculationss. Considering further that the current NI 43-101 regulations, us h up to 10% %-15% sulphides suppo orts justifica ation for mineralized zones are frequently logged with c resource tonn nage. using a specific gravity of 2.90 to calculate T The Main Zone Z and B Zone roc ck codes were w assign ned specificc gravities of 2.90 g//cm3 for calculating tonnages. In I addition, the percent model wa s used to w weight the e estimated blocks by tthe percent of the block within the e mineralized zone for tthe reported d resources. covery 14.10 Dilution & Rec e made for dilution d or re ecovery, an nd no crown pillar was s subtracted ffrom the No considerrations were estimated resources. allurgical Considerat C ions 14.11 Meta T The Authors s are not aw ware of any metallurgical studies frrom the Norrdeau West area; howe ever, the mineralization is docu umented to o contain up u to 10% %-15% sulp phides with h arsenopyrrite. No consideratio ons have be een made fo or potential refractory componentts to the mineralization n or any other possib ble metallurrgical issues s. 14.12 Enviironmentall Considera ations No considerrations have e been mad de for any possible en vironmenta al issues. Th he mineraliz zation is noted to co ontain up to o 10%-15% % sulphides with arseno opyrite. Any y potential mining and d milling operations will need to t evaluate the impac ct of mine waste rock k and mill tailings disposal in on of potenttial acid drainage and contained lev vels of arsenic. consideratio
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14.13 Cut--off Grade F Figure 14..15 is a grraph of the US$ daily average go old price sh howing 100 0 day and 2 200 day moving ave erages for a 10 month period to Jan 31 1, 2017. A An approxim mate mid-p point of US$1250/oz z Au was se elected for cut-off grade e calculation ns.
Figure 14.15: Golld price (U US$/oz Au) ) – daily, 10 00- and 20 00-day mov ving avera ages Table 14.10 provide es the Bank of Can nada montthly averag ge US$ ex xchange ra ates for approximately the sam me period (April 1, 2016 - January 31, 2017). The me ean of the monthly es for the la ast 10 mon nths is calcu ulated at 1 $US = 1.3 31 $CDN an nd is the average exchange rate v value used to convert the t US$ gold d price to CDN$ for cutt-off grade ccalculations. nada Month hly Average e US$ Currrency Exch hange Rate es Tablle 14.10: Bank of Can Month (2016) US SD to CAD C CAD to USD April 1.3226 0.7561 May 1.2819 0.7801 June 1.2942 0.7727 June 1.2896 0.7754 July 1.305 0.7663 August 1.2994 0.7696 Se eptember 1.3109 0.7628 October O 1.3251 0.7547 November 1.3438 0.7442 December 1.3329 0.7502 Janu uary (2017) 1.3191 0.7581 Average A 1.3105 0.7631
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Potential ex xploitation of o the estim mated resourrces at Nord deau West w will likely re equire unde erground mining metthods, mostt probably accessed a by y a vertical shaft due to the dep pth of the in ndicated zones of miineralization n. The Main Zone is mo odestly wide e, with an average near-true thickness >8 m, and is lo ocally indicated to be co onsistent alo ong strike ((110º) and d dip (-65º) d dip. Lower c cost long hole stoping methods might be used for po otential min ning. Mining g costs forr undergrou und bulk stimated at $70-$100/tonne depen nding on the e amount off developme ent work mining methods are es cessing costts are estima ated at an a additional $50-$70/tonne to recove er gold. required. Milling & proc h been characterized d as similar to the historic Chim mo Mine, Mineralization at Nordeau West has k to the west, and would likely require similar mettallurgical p processing, namely located 2 km fflotation con ncentration followed by y cyanide lea aching, to re ecover gold. 20-$170/tonne and he T Total produ uction costs are estima ated to rang ge from $12 ence, the m mid-point $145/tonne e was used for the cutt-off grade calculation (Table 14 4.11). The formula forr cut-off grade deterrmination is as follows: $ $Production n/(Gold Price e (US$/oz) x $CDN/$US S Exchange Rate/oz-gm m Conversio on)=Cut-offf Grade 145$/tonne e / ( $1250 x 1.31 / 31.1 1) pt = 2.75 gp Table 14..11: Cut-offf Grade Ca alculations s - Nordeau u West Res source
Prodcution n Cost Estima ates ($) low Mining Costts 100.00 Processing Costs 20.00 120.00 s ($) Total Costs
high 130.00 40.00 170.00
avg 115.00 30.00 145.00
Cut-off Gra ade Paramete ers & Calcula ation $US/oz z Au $C Cdn/$US $C CDN/oz /Au gm/oz g Au Co osts $/t Cut--Off g/t 1 120.00 2 2.28 1250 0.00 1.31 1637.50 52.65 1 145.00 2 2.75 1 170.00 3 3.23 For the dettermined range of estim mated prod duction costts (i.e., $12 20 - $170), the cut-offf grades range respe ectively bettween 2.28 8 gpt Au to o 3.23 gpt Au (Table 14.11). T Thus, for ea ach $10 incrementall change in estimated production costs, the re is a resu ulting 0.19 gpt change e in the calculated cut-off grad de. This de emonstrates s the high degree off sensitivity y of the es stimated ble in the cut-off equation. In ad dition, the price of go old and the e foreign production cost variab xchange rate e variables, may also siignificantly influence th he cut-off grrade. currency ex 14.14 Reso ource Estim mate Results of the resource e estimate are a presente ed herein. T The estimate ed resource is reported at 0.25 emental cutt-off grades ranging fro om 2.0 gpt A Au to 3.5 gp pt Au. The e estimated grades of gpt Au incre between 2.25 gpt Au and 3.25 gpt Au are considered c tthe most re epresentativ ve for the rrange of p costs. c The estimates e th hat are repo orted and h highlighted at the 2.75 5 gpt Au estimated production cut-off represent the mid-point, m an nd were app plied to the final reporte ed Mineral R Resource Es stimate. Estimated resources r were w also ca alculated us sing cut-off grades of 1.0 gpt Au and 1.5 gp pt Au in order to demonstrate the t wider general extent and tren nd of the mineralization n, and for ta argeting ffuture drillin ng of potenttially higherr-grade reso ources.
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Measured Re esources T The minera alized zone model was constructted from in nterpretation n of relativ vely widely spaced exploration drill-hole data, d and su uggests thatt the Main Zone is rela atively conttinuous alon ng strike dip. Numero ous faults an nd narrow shears s docu mented in tthe drill-logs s are interp preted to and down-d cross-cut th he mineraliz zed zone, locally shearing and/or d disrupting th he continuitty of minera alization. T The curren nt interpretation is su upported by y the geollogical evid dence; how wever, cons siderable v variations to the interp pretation arre possible. The result is a low to moderate c confidence level for tthe interpre etation and model. The nature of the mineralizzation, geollogical envirronment and low to moderate confidence c level in the interpretattion preclud des categorrizing any o of the resou urces as Measured Resources. R No N Measured d Resources s are reporte ed for the N Nordeau Wes st deposit. Indicated Resources T The low to o moderate e confidence e level of the interprretation and mineraliz zed zone m model is supported by b good sta atistical corrrelation of assay a resultts from the variography. The variography indicates co orrelation of o grades along a specific trends for ranges (distances) up to maximum distances, beyond b which correlation is lost. The confide ence level a at the maximum distan nce (i.e. v variance) is s low, but in ncreases as s the distanc ce and vari ance is reduced. At 66 6% of the in ndicated maximum ranges, r the e confidence e level of correlation c i s considere ed sufficientt to catego orize the estimated resources r as s Indicated Resources, provided a minimum of 2 drill-ho ole intersec ctions (5 composite points) p were e included in n the estima ation. Table 14.1 12 provides s results fo or each of the minera alized zoness and for tthe total In ndicated Resource es stimates, att various cutt-off grades. Table 14 4.12: Indica ated Resou urces at In ncrementall Cut-off Grrades Zone
Main
B
Total
Cut-off Grade C gpt Au 1.00 1.50 2.00 2.25 2.50 2.75 3.00 3.25 3.50
Volume m3 387,194 233,816 145,858 115,373 92,293 77,028 65,055 55,168 44,213
Density T / m3 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90
Tonnage T 1,122,861 678,066 422,987 334,582 267,649 223,382 188,660 159,988 128,219
Grade gpt Au 2.12 2.72 3.30 3.61 3.92 4.18 4.42 4.65 4.97
In n-Situ Au Au oz 76,590 59,261 44,852 38,847 33,755 30,019 26,806 23,928 20,476
1.00 1.50 2.00 2.25 2.50 2.75 3.00 3.25 3.50
10,228 9,124 5,894 2,683 1,532 676 134 90 86
2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90
29,660 26,459 17,094 7,779 4,443 1,960 389 260 249
2.06 2.14 2.34 2.62 2.81 3.07 3.74 4.10 4.13
1,965 1,822 1,285 655 402 193 47 34 33
1.00 1.50 2.00 2.25 2.50 2.75 3.00 3.25 3.50
397,421 242,940 151,752 118,056 93,825 77,704 65,189 55,258 44,299
2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90
1,152,522 704,525 440,081 342,361 272,092 225,342 189,049 160,248 128,468
2.12 2.70 3.26 3.59 3.90 4.17 4.42 4.65 4.96
78,556 61,083 46,137 39,503 34,157 30,212 26,853 23,963 20,509
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T The Total Indicated Resource for the No ordeau We est properrty is estim mated at 2 225,212 ttonnes gra ading 4.17 gpt Au at the t calcula ated cut-offf grade of 2.75 gpt A Au. T The Indicate ed Resource e contains 30,212 3 oz off Au, almos t all of whicch is within the Main Zo one; the B Zone con ntains only 1,960 tonne es at an estimated gra ade of 3.07 gpt Au. Fo or the low a and high ranges of probable cut-off grade, the Indicate ed Resource es vary from m 342,000 tonnes grading 3.59 60,000 tonn nes grading 4.65 gpt Au u. gpt Au to 16 F Figure 14.16 displays s the Indica ated Resourrce grade e stimated bllocks above e the reportted 2.75 off. gpt Au cut-o
1000m
Bedroc ck Surface
Mineral Zo one Limit Northern Property Bound dary
Au gpt
775m
F Figure 14.16: East-w west sectio on view loo oking south h showing g Indicated d Resource e blocks & drill-hole e intersecttions Of the 97 drill-hole d inte ersections, 68 (i.e., >7 70%) are w ithin 300 m of surface.. Distributio on of the holes and intersection points is re elatively uniformly spa ced - appro oximately 2 25 m - 50 m apart, w ated Resourrces in this part of the mineralized d envelope occur in with some larger gaps. The Indica ntinuous len nses or “sho oots” with <50 m block--dimensionss. small discon From 300 m - 700 m below surfface, there are 28 drilll-hole interssections, the spacing o of which increases greatly, from m approxima ately 50 m to >100 m, with significcantly larger gaps betw ween the ern half of the property y. Below 700 0 m depth tthere is only y 1 drillhole traces,, especially in the easte hole interse ection (see Figure F 14.1 16). T The most significant part of the Indicate Res source lies a at depths b between 400 0 m and 60 00 m. At tthis depth, the currentt drill-hole spacing is too t wide fo r some inte ersections to contribute e to the mum 2 hole e requirement and speccified distance. Indicated Resources wiith the minim
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Inferred Resources Inferred Re esources we ere estimated using th he more re elaxed parameters and d longer ranges as detailed earlier in the report. Tab ble 14.13 provides esstimates forr the additiional Total Inferred Resources, subdivided for the 2 mineralized zones at var ious cut-offf grades. mates of Ad dditional Inferred I Re esources att Various C Cut-off Gra ades. Table 14.13: Estim Zone
Main
B
Total
Cut-off Gra ade gpt Au 1.00 1.50 2.00 2.25 2.50 2.75 3.00 3.25 3.50
Volume e m3 3 1,263,375 5 852,095 5 636,689 9 543,433 3 417,118 8 378,534 4 328,777 7 275,399 9 247,691 1
Density T / m3 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90
Tonnage T 3 3,663,788 2 2,471,076 1,846,397 1,575,955 1,209,642 1,097,749 953,452 798,657 718,305
Grade In-Situ Au gpt Au g Au u oz 2.41 284,3 312 2.97 235,6 665 3.38 200,4 423 3.59 181,8 850 3.96 153,9 994 4.10 144,6 635 4.27 131,0 061 4.50 115,6 671 4.63 106,9 993
1.00 1.50 2.00 2.25 2.50 2.75 3.00 3.25 3.50
24,986 6 19,485 5 12,662 2 10,005 5 7,610 0 5,025 5 4,320 0 2,677 7 2,463 3
2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90
72,461 56,507 36,719 29,016 22,070 14,572 12,527 7,764 7,142
2.24 2.47 2.85 3.05 3.25 3.59 3.70 4.11 4.17
5,2 219 4,4 487 3,3 365 2,8 841 2,3 310 1,6 680 1,4 492 1,0 027 9 959
1.00 1.50 2.00 2.25 2.50 2.75 3.00 3.25 3.50
1,288,362 2 871,580 0 649,350 0 553,438 8 424,728 8 383,559 9 333,096 6 278,076 6 250,154 4
2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90
3,736,249 3 2 2,527,583 1,883,116 1,604,970 1,231,712 1,112,321 965,979 806,422 725,447
2.41 2.95 3.37 3.58 3.95 4.09 4.27 4.50 4.63
289,5 532 240,152 203,7 789 184,6 691 156,3 304 146,3 315 132,5 553 116,6 697 107,9 952
w and high ranges of probable p cu ut-off grade , the Inferrred Resourc ces vary fro om 1.60 For the low million tonn nes grading g 3.58 gpt Au A to 0.81 million ton nnes grading 4.50 gpt Au. The In ndicated Resource is s almost enttirely within the Main Zone, Z with tthe B Zone containing only 14,572 2 tonnes at an estima ated grade of 3.59 gpt Au. T The Total Inferred Resource R fo or the Nord deau West property is estimate ed at 1.11 million ttonnes gra ading 4.09 gpt Au at the calcullated cut-o off grade o of 2.75 gpt Au. The Inferred Resource contains c an n estimated 146,000 oz of Au.
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14.15 Sum mmary of Ca ategorized d Resources Table 14.1 14 provides a summary y of the cate egorized ressources estim mated at th he calculated d cut-off grade of 2.7 75 gpt Au fo or the Norde eau West de eposit. Table e 14.14: Su ummary off Categoriz zed Resourc rces at 2.75 5 gpt Au Cu ut-off Grad de Au Grade In-S Situ Au Resource e (Category) Zone Tonnes s (gp pt) (oz) No M Measured Ressources Measured Main 223,382 4.18 30,019 Indicated B 1,960 3.07 193 Total 225,342 4.17 30,212 Total 225,342 4.17 30,212 Measured + Indicated Main 1,097,749 4.1 144,635 Inferred B 14,572 3.59 1,680 T Total Inferred Total 1,112,321 4.09 146,315 F Figure 14..17 is an east-west, e south-facing s g longitudin al section d displaying tthe total es stimated resource blo ocks at the reported cut-off grade of 2.75 gpt Au. Bedroc ck Surface
1000m
Faults
Mineral Zone Limit Northe ern Property Bo oundary
Au gpt
775m
Figure 14.17: 1 2-D south-faciing longitu udinal sectiion – mine eralized zon ne block m model
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14.16 Conc clusions T The total Mineral Resou urce Estimate can be seen to occu ur primarily within 2 or 3 lenses located at m 400 m to 750 7 m (Figu ure 14.17 and Figure e 14.18). Th he zones are e elongated along a depths from shallow easterly plunge e, and are likely crosscu ut and offse et, as shown n, by interprreted faults.. No drilling has been co ompleted fu urther eastw ward along the continu ued shallow easterly pllunge at tthe required d vertical de epths betwe een 700 m to o 1000 m to o intersect tthe mineraliization. T The results further demonstrate that t the res sources iden ntified in th he upper (s shallow) parrt of the ve clearly been b affecte ed by stron ng shearing , as the zo ones are trruncated intto small deposit hav lenses (see Figure 14.17 and Fig gure 14.18 8). Due to th heir smallerr dimensions, these zon nes may nificant add ditional high her cost min ning to exp ploit; howev ver, the res sources are shallow require sign and would be b accessible via a ramp, at a relattively low co ost compare ed to a shafft. F Figure 14..18 is an east-west e lo ongitudinal section (fa cing south)) and displa ays the number of points that were used for f estimatin ng the total resource bllocks gradin ng above 2.7 75 gpt Au. Number of Sample Po oints Used to o Estimate To otal Resource e Blocks >2.2 25 gpt Au & DDH D Intersecttions Nordeau West Bedroc ck Surface
1000m
Faults
Mineral Zone Z Limit Northern Property Boun ndary
No. of Poin nts Used to Estimate Block B Grade >5 (ie. 2 holes) 4 2-4 1
DDH Au gpt
775m
Figur re 14.18: 2-D 2 south-ffacing secti tion – pointts used to estimate b block-grade es F Figure 14.19 portrays s the same south-facin ng longitudiinal section as Figure e 14.18, bu ut shows tthe distance e to the ne earest samp ple point tha at was used d for estima ating the to otal resource e blocks grading abo ove 2.75 gptt Au.
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2D E-W Long Section S View (Facing Sou uth) Distance to Nearest Sample S Used d to Estimate e Total Resou urce Blocks >2.25 gpt Au u & DDH Inte ersections N Nordeau Wes st Bedro ock Surface
1000m
Faults
Minerral Zone Limit North hern Property Boundary B
No. of Poiints Used to Estimate Block B Grade <12.5m
Au gptt
12.5-25m 25 5-50m 50-75m 75 5-100m >100m
775m
Figure 14.19: 1 2-D south-faciing longitu udinal sectiion – mine eralized zon ne block m model It can be se een in Figur re 14.18 th hat in the mineralized m zzones identiified at deptths between n 400 m - 625 m, a large part of the resou urce has be een estimate ed with results from 2 or more drrill-holes s with >5 sample s points used for estimate); however, F Figure 14.1 19 shows tthat it is (i.e., blocks primarily th he distance between th he drill-holes s at this de epth that prrevented ma any of these e blocks ffrom reportting as Ind dicated Resources, as the maxim mum distancce allowable between sample points (i.e., drill-holes) for the Ind dicated Reso ource catego ory, was excceeded. T The mineralization in the upper ea astern part of the depo osit can be sseen to have been interpolated y a minimu um of 2 ho oles (i.e., >5 > sample points) and d within th he maximum m 50 m primarily by allowable search s dista ance that defines d Indicated Reso ources. The e maximum m extents o of these smaller lens ses or “shoo ots” at <50 0 m is defined by the d density of d drill data, an nd not by a lack of drilling. T The results from the 3 models pre esented can n be used to o target furtther explora ation with a apparent y to increase e and enhan nce the existting resourcces. opportunity T The density y of drilling in the upper part of the t deposit has delinea ated severa al smaller le enses of mineralization; howeve er, there is little opporttunity to inccrease or en nhance thes se zones by y further drilling.
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T The significant part of the identifie ed resource occurs in tthe newly de eveloped zo ones from th he more 4 m and 625 6 m. The models dem monstrate p primarily tha at: recent drilling at depths between 400 essful, convert much off the Inferre ed Resource es in these z zones to 1. in-filll drilling could, if succe Indic cated Resou urces, as itt is only th he >50 m drill-hole sspacing that precluded d blocks estim mated from 2 or more drill-holes (i.e., minim mum 5 samples) not to o be catego orized as Indic cated Resou urces; 2. the blocks b show wn with >75 5 m distance e between ssample poin nts tend to be clustered d on the down n-plunge orr up- and do own-dip side e of the zone es and indiccate the dire ections in w which the resource might be expande ed. Eastward d from the ccentre of the e property, drilling is absent at n 650 m an nd 1000 m along the indicated sshallow eastterly plunge e of the deptths between zone es.
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ADJA ACENT PRO OPERTIES
Of significan nce to this project is th he adjacent property o of Cartier Re esources Inc c., located n near the centre of th he East Cadillac Gold Property, (see e Figure 4.1), that hossts the form mer Chimo M Mine. T The mine was w first ope erated by Chimo C Gold Mines Ltd in 1966-67 7. Production n resumed in 1984 w with Louvem as operator for 5 years befo ore manage ement was handed ou ut to Camb bior who u the en nd of 1996 6. The infra astructure on the miine site (F Figure 15.1 1) were operated until dismantled in 2007 and d there are no longer any structure es on the sitte.
Figure F 15.1: Former Chimo C Gold d Mine (July y 2006). T The Chimo Mine produ uced in exce ess of 379,0 000 ounces from appro oximately 2..4 million to onnes of g an average e grade of 4.9 4 gpt Au, in three disstinct production phase es. Productio on came ore yielding ffrom 6 diffe erent ore shoots extend ding from ne ear surface tto a depth o of some 870 0 m, the firs st two to tthe north in n close association witth sedimenttary banded d iron formations and the others as gold bearing qua artz lenses in sheared d and altere ed mafic vo olcanics (DV V97-01, GM M48430, GM M60091, MB87-05, MB88-14)... M T The depositt is similar in n mineralogy and structure to the Nordeau We est deposit, which lies less tthan 2 km on-strike o to the east. As at the Norrdeau West deposit, tw wo different s styles of gold mineralization are reco ognized at Chimo: (1) gold-quartz g llenses in lon ngitudinal shear zones in metamorphosed volcan nic rocks and d (2) bands s of semi-ma assive arsen nopyrite and d pyrrhotite w banded d magnetite iron formattion. associated with A major fau ult splay extending souttheast off th he Cadillac T Tectonic Zon ne may exte end to the C Chimo mine, and an a important fault could d separate the t sedimen ntary and vo olcanic rocks s.
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OTH HER RELEVA ANT DATA AND INFO ORMATION
T The authors s are not aw ware of any additional technical t da ata that mig ght lead an accredited investor tto a conclus sion contrary to that se et forth in th his report.
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INTE ERPRETATION AND CONCLUSIO C ONS
Chalice is in n the proces ss of exploring its mineral concessiions in the e eastern Abittibi Greenstone Belt of western Quebec (the East Cadillac C Gold d Property)) to evaluatte them for high-quallity gold e veral areas on the mineralization targets.. Detailed exploration and drillin g is propossed for sev Property in n order to validate historical h wo ork, increa se the deffined minerral resources, and potentially delineate d ne ew resource es. T The East Cadillac Gold G Projectt overlies a tectono ostratigraphiic corridor characteriized by ( es”), rangin ng in thickn ness and intensity, tha at divide anastomosing high-strain zones (“shear-zone tthe host sedimentary s and mafic c volcanic rock into hectometricc to kilome etric “lozen nges” of relatively un ndeformed rock. This “corridor” is interpreted to represen nt the easte ern extensio on of the renowned Larder L Lake--Cadillac Bre eak (Cadillac Tectonic Z Zone) - a 30 00 km long, first-order tectonic ““break” tha at defines the t Pontiac c-Abitibi sub bprovince b boundary in n the regio on, and is host to numerous syn-deforma s ational, epig genetic qua artz-vein/dissseminated gold-ore sy ystems. The e shearzones and the seconda ary fracturin ng and brec cciation tha at have affe ected the ro ocks underly ying the e of primary y importanc ce to minera alization, as they are in nterpreted to o have acted as the Property are principle passage ways s for sulphide- and gold-bearing so olutions. Gold minera alization underlying the e East Cadilllac Gold Prroperty is ep pigenetic in origin and present in two settin ngs: 1. gold mineralizattion occurs in silicified lodes with disseminatted to semii-massive sulphides enopyrite, pyrrhotite and pyrite e) spatially y related tto sedimen ntary banded iron (arse form mations. Se econdary quartz veining is com mmonly asssociated w with this ttype of mine eralization. 2. struc cturally controlled gold mineralizattion occurri ng in altere ed high-stra ain (sheared d) zones asso ociated with quartz or quartz and carbonate c ve eins that pa arallel the sc chistosity an nd shear zone es (typically y in the vo olcanic rock k units). Asssociated disseminated d sulphides include arsenopyrite, py yrite and miinor chalcop pyrite; graph hitic horizon ns are comm mon. zation occurr as free gold associate ed with sulp phide minera als that ran nge from Both types of mineraliz uartz veins, and up to 20% to 50 0% when a associated w with magnetite iron 1% to 5% when in qu fformations. T The econom mic potentia al for gold mineralizatio m on underlying the Projject area w was recogniz zed over sixty years ago; howe ever, most of the grou und covered d by the current Prop perty has re emained nactive from m the early y 1990’s un ntil recently y. After acq quiring the better partt of the relatively in eastern half of the current Prope erty in 2006 6, Plato Go old Corp. co ompleted a 6 year exp ploration e that successfully defin ned a gold resource r at their Norde eau West prroject, which h is now programme part of Challice’s East Cadillac C Gold d Project. T This report includes an n updated NI N 43-101 Mineral M Reso ources Estim mate for the e East Cadillac Gold efined at the e Nordeau West W projectt (Catalogue ed Occurren nce 32C/03--0060). A su ummary Property de of the cate egorized res sources estiimated at the t calculatted cut-off grade of 2.75 gpt Au for the Nordeau West W depositt is shown in Table 17.1. 1 The m mineralized envelope d dips steeply y to the north-northeast and ex xtends to a depth of at a least 700 m. It rema ains open d down-dip an nd along strike. T The authors conclude that the East Cadillac c Gold Prop perty is one e of merit and should d be the c ex xploration. subject of continued
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Table 17..1: Summa ary of Categ gorized Re esources att 2.75 gpt A Au Cut-offf Grade: No ordeau West pr roject - Ea ast Cadillac c Gold Prop perty Au Grade In-S Situ Au Resource e (Category) Zone Tonnes s (gp pt) (oz) No M Measured Ressources Measured Main 223,382 4.18 30,019 Indicated B 1,960 3.07 193 Total 225,342 4.17 30,212 Total 225,342 4.17 30,212 Measured + Indicated Main 1,097,749 4.1 144,635 Inferred B 14,572 3.59 1,680 T Total Inferred Total 1,112,321 4.09 146,315
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RECOMMENDA ATIONS
T The Nordeau West reso ources were e largely dev veloped from m the succe ess of recentt drilling cam mpaigns 1). The succ cess is attrib buted to the e re-analysiss of historicc drilling datta using modern 3D (2006-2011 geological modelling, m grade g contou uring and ex xperimentall block mod delling for ta argeting exp ploration drilling. Future exploration work on the East Cadilla ac Gold Pro operty is warranted. T The work programs should inclu ude diamond d-drilling focused on fu urther deline eating the m mineralized horizons present at Nordeau We est by expanding the Main M Zone an nd B Zone a at depth and d along the indicated plunge of tthe higher grade “shoots”. The tectonostra atigraphic ssequence that hosts the Nordea au West c to o the east, and a has bee en intersectted by numerous historic and rece ent drillresources continues holes, but few f holes ha ave targeted d the seque ence below 2 250 depth. To the westt, beyond th he limits of Cartier Resources’ R Chimo C Mine property th he sequence ed and been n tested e is similarly recognize along the Simon West - Blue Grass s corridor, but b not rigorrously. A resource-database off the historic geologicall and drilling g data, simiilar to that w which was c compiled ffor the Nord deau West block, b is rec commended for the rem mainder of th he East Cad dillac Gold P Property. T The study should s proviide for an aggressive a drilling d prog ramme to ttest deeper parts of the e known mineralization along ind dicated tren nds identified from this and previou us studies. It is recomm mended that future exp ploration by Chalice sho ould include the followin ng work: Phase 1 ace mapping g accompan nied by rock, soil, core a and spectra al analyses; surfa airbo orne EM surrvey; data integration n including verifying and mergin ng existing drill hole databases, adding vant historic cal data, and d generating g a 3D mod del of the co onsolidated p property; relev LiDA AR survey fo or 3D modeling surface control; surfa ace stripping g, mapping and sampling on priority targets; diam mond-drilling g down-dip of o known mineralized m o occurrences. Contingent on positive Phase I res sults, the Ph hase II explo oration prog gram should d comprise: Phase 2 mond-drilling g on a range e of targets generated by Phase 1 studies and d exploration n work; diam A preliminary budget fo or the recom mmended work is summ marized in T Table 18.1. T The authors s recommen nd the sam me exploratio on strategie es and tech hniques that were succ cessfully applied at Nordeau N We est be applied to the other o occurrrences on tthe Property y that host historic resources, and/or a know wn concentrrated gold mineralizatio m on. drilling datta and 3D g Compilation n and analys sis of historric shallow exploration e geological m modelling ffor target id dentification n and drilling should be e applied in attempts tto identify a additional re esources proximal to existing res sources, wh hich will incrrease the via ability of po otential futurre exploitatiion.
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Table 18 8.1: Prelimiinary Budg get for Reco ommended d Work on East Cadilllac Gold Prroject Phase 1 Surface sam mpling - rock, soil, core and spectral sampling A Airborne AE EM survey Data compilation and in ntegration, generation of 3D mode el LiDAR survey y Surface stripping, mapping and sampling on priority p targ ets Drilling to expand e existting mineralized zones Contingency y 15% Sub btotal Phas se 1 Phase 2 Drilling of ta argets gene erated by Ph hase 1 work Contingency y 15% Sub btotal Phas se 2 Overall T otal
Drilling (mettres)
Cos st / me etre
1,6 600
$2 250
Drilling (mettres) 4,0 000
Cos st / me etre $2 250
Bu udget $200,000 $85,000 $50,000 $50,000 $100,000 $4 400,000 $132,750 $1,0 017,750 Bu udget $1,000,000 $150,000 $1,1 150,000 $2,1 167,750
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REFERENCES
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List of Sta atutory Wo ork Reports s: Ministère des Ressou urces nature elles et de la a Faune du Quebec (http://sig geom.mines.gouv.qc.ca/signet/classses/I1102_ _indexAccue eil?l=a) DP-108, Germain, G M., 1972. Geo ologie du Canton C Vauq quelin (Com mte d’Abitibii-Est). Minis stère de l'Énergie et des Ressou urces Quebe ec. e, P., Roch heleau, M., 1987. Geo ologie des c cantons Va auquelin, DP87-01, Gaudreau, R., Lacoste bitibi-Est. Ministère de l'Énergie et des Ressou urces Quebe ec. Pershing et de Haig, Ab mreh, L., 1976. 1 Nouv velle lithosttratigraphie a l’ouest de Val-d’Or et son in ncidence DP-349, Im gitologique.. Ministère de d l'Énergie et des Ress sources Que ebec. DP200803, 2008. Cartes C geophysiques couleurs M MegaTEM, NTS 31N/14. Ministè ère des Ressources naturelles et de la Faune Quebec Report DP-200803//Geological Survey of Canada 942. Open File 59 DP200804 4, 2008. Cartes C geophysiques couleurs M MegaTEM, NTS 32C/0 03. Ministè ère des Ressources naturelles et de la Faune Quebec Report DP-200804//Geological Survey of Canada 943. Open File 59 DV97-01, Lacroix, S, Doyon, M, Perreault, S, Nantel, S, Gaudrea au, R, Duss sault, C, Mo orin, R., port des Ge eologues Residents sur l’Activite M Miniere Reg ionale en 1 1996. Ministtere des 1997. Rapp Richesses Naturelles N Quebec. GM03439, Graham, R.B., R 1955 - Report on Magnetome eter and Sellf-Potential Survey on P Property p. Ltd., Vauq quelin Twp.,, Abitibi Cou unty Quebecc. of Newkirk Mining Corp GM04860, Leclerc, A.,, 1957 - Re eport on Norrdeau Minin g Co. Ltd., Vauquelin T Twp., North hwestern Quebec. K., 1955 - Report R on Ha arrison-Cere e Option Pershing Town nship, Malarrtic Gold GM03603, Wilton, C.K ed. Fields Limite GM03669, Wilton, C.K K., 1955 - Report on Claims in V Vauquelin T Township, M Malartic Gold Fields Limited. GM06346, Dumont, P.E., P 1958 - Report on Monor M Mining Comp pany Limite ed N.P.L. G Gold-Iron ated in Vauq quelin, Persh hing, Denain n and Villeb on Townships, Abitibi E East, Que. Claims Loca GM06400, 1958 - Drill Logs. Mon nor Mining Company C Liimited N.P.L L. Gold-Iron n Claims Located in V Vauquelin, Pershing, Denain and Villebon V Tow wnships, Abittibi East, Qu ue. GM06528, Szetu, S.S S., 1958 - Report on Electro-Mag gnetic Surve ey on Property of Con ntinental Mining Exploration Ltd., Vauquelin Township, Abitibi Coun nty, Quebecc. GM06675A A, Britton, J.W., 1946 - Geophysica al Work on tthe S.E. Vauquelin Gro oup, Mining Corp. of Canada, Lim mited. GM06677, MacDonald, R.D., 1947 - Geological Report o on S.E. Vau uquelin Tow wnship Claim m Group, p. of Canada a, Limited. Mining Corp GM08657, Dumont, P.E., P 1959 - Report on n Diamond Drilling, Mo onor Mining g Company Limited V Vauquelin Township, T Abitibi County, Quebec.
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GM11980, Dumont, P.E., 1962 - Report on Monor Minin ng Company y Limited V Vauquelin To ownship, Quebec. GM12839, Langevin, E., E 1962 - Rapport R Preliminaire surr les Giseme ents de Fer Vauquelin. o Monor Mining Com mpany Limited Vauque elin and GM13117, Dumont, P.E., 1963 - Report on V Villebon Tow wnships, Ab bitibi County y, Quebec. GM16371, Dumont, P.E., P 1965 - Report on Electroma agnetic Surrvey on Vauquelin Iron Mines V Villebon Tow wnships, Ab bitibi County y, Quebec. GM16372, Drill Logs, Vauquelin V Iron Mines Limited. GM16375, Dumont, P.E., 1965 - Report on Electromagn E etic Survey y on Monor M Mining Ltd. GM16835, Bergmann,, H.J., 1965 - Report on n Geophysiccal Surveys on the Prop perty of Black River Mining Ltd.,, Vauquelin Township, Quebec. Q GM17080, 1965 - Drill Logs, Vauq quelin Iron Mines Limite ed. GM17257, Booth, J.R.., 1964 - Su ummary Report of Diam mond Drillin ng Campaign July-Augu ust 1964 on Raymond d Tiblemontt Gold Mines s Limited, Vauquelin To ownship Property. GM30500, Dumont, D.H., D 1974 - Report on o the Prop perties of V Vauquelin Iron Mines Limited, V Vauquelin Township. T GM30501, Langevin, E., 1974 - Rapport sur s la Mise e en lans d des Journea au de Forag ges aux d la Zone D’Or D Principa ale de Les Mines M de Ferr Vauquelin.. Diamands de d, Supplem GM31231, Gledhill, T., T 1975 - Spanex Re esources Ltd mentary Rep port Magne etometer uquelin Twp p, Abitibi-Eas st County. Survey, Vau GM31325, Gledhill, T., 1975 - Mo oss Lake De evelopment Inc., Vauqu uelin Twp, A Abitibi-East County, Quebec. GM32291, Gledhill, T., 1976 - Mo oss Lake De evelopment Inc., Vauqu uelin Twp, Q Quebec, Chim mo Gold A Area. GM34757, Lebel, A., 1979 - Rapport Geophysique e 10-497 C Chimo. Lev ve Magnetiq ques et Electromagn netiques (VLF). GM35007, Lebel, A., 1979 1 - Rapp port Geophy ysique 10-49 97 Chimo. T Tests de PP et de Pulse EM. GM35513, Lebel, A., 1979 - Rap pport Geophysique Pro ojet Chimo 10-497. Le eve Magnetiques et Electromagn netiques (VLF). GM35544, Lambert, R., R 1972 - Ra apport de Sondage, Pro ojet Vauque elin 11-736. SOQUEM. P Glass, F. and Lebel, A., 1980 - Rapport Ge eophysique. Leves Magn netiques GM36435, Amboise, P., ebon 10-484 4. et VLF, Ville GM36462, Savard, M. and Leonarrd, M-A., 19 980 - Campa agne de Forrage. Projet Villebon 10 0-484.
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GM37291, Bergmann,, H.J., 1981 - Report on n VLF Electrromagnetic Survey on Property of Wescap p. Ltd., Vauquelin Twp,, Que. Energy Corp GM37355, Laverdure,, G., 1981 - Leves Ma agnetiques et Electrom magnetique VLF, Projet Simon C Vau uquelin, Ville ebon, Denain. SOQUEM M. (10-903), Cantons GM37356, Glass, F., 1981 1 - Memo Geophysiq que TBF et Mag., Projett Simon 10--903. SOQU UEM. GM37729, Blanchet, P. P and Gagnon, G., 19 981 - Camp pagne de Trravaux 1980-81, Projet Simon 10-903. SO OQUEM. GM37746, Blanchet, P. P and Gagnon, G., 198 81 - Campag gne D’Exploration 1980 0-81, Projet Villebon OQUEM. 10-484. SO GM38329, Larouche, C., 1982 - Report on the explora ation carried d out in 198 81 over parrt of the p Den nain-Pershin ng township ps. Lynx-Americ-Sparton property 82 - Reportt on Magne etometer Su urvey on P Property of Wescap GM38554, Bergmann, H.J., 198 p. Ltd., Vauquelin Twp,, Que. Energy Corp GM38605, Hendrick, D.H., 1969 - Drill Log gs, Plan-Secctions and G Geophysical Profiles, C Corcoran V Vauquelin Option, O Vauq quelin Twp.,, Quebec. Kerr Addison Mines Ltd. GM38618, 1955 - Malartic Gold Fields Limited Airborne e Geophysiccal Survey, Pershing-Va auquelin T Townships. handle mon (Bloc Bell) -10-903, Projet Leonard - 10-938, GM38857, St-Hilaire, C., 1982 - Projet Sim ophysique, Leves Magn netiques et Electromagn E netique TBF F. SOQUEM. Rapport Geo GM39230, Blanchet, P., P 1982 - Campagne de e Sondage 1 1981-1982, Villebon 10 0-484. SOQU UEM. 55 - Reportt on the C Conduct of a Geophys sical Survey y in the GM39325, Parkinson,, R.N., 195 or Malartic Gold G Fields Ltd. L Province of Quebec. Fo alartic Gold d Fields Lim mited Harrisson-Cere-Op ption, Electtromagnetic Survey GM39327, 1955 - Ma ps. Plan, Pershiing-Vauquellin Township GM39354, St-Hilaire,, C., 1982 - Projet Chimo (10 0-497), Blo oc 1C, Rap pport sur u un Levé es et Electromagnetique e TBF sur de es Traversess Orientées Est-Ouest. SOQUEM. Magnetique GM39364, Blanchet, P., P 1982 - Rapport de la a Campagne e de Sondag ge, Simon 10-903. SOQ QUEM. GM39907, St-Hilaire, C., 1983 - Projet Villebon V 10 0-484, Testts de Polarrisation Pro ovoquée. SOQUEM. 3 - Report on o Geophyssical Survey ys on the Prroperty of B Bateman GM40036, Bergmann,, H.J., 1983 nc., Vauque elin Twp., Qu uebec. Bay Mining Company In P Chimo o 10-497, T Tests de Pola arisation Pro ovoquée. SO OQUEM. GM40058, St-Hilaire, C., 1983 - Projet GM40142, Britt, C., 1983 - Re esultats de es Travaux D’Exploration 1982, Leves Geo ologique, Biochemique et Forage, Projet Nov va 10-958, SOQUEM. S 82, Projet V Villebon 10-4 484, SOQUE EM. GM40274, Gagnon, P., 1983 - Campagne de Tarrain 198
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GM41000, Boudreault, A.P., 1984 4 - Rapport de la Camp pagne D’Exp ploration 198 83, Projet N Nova 10EM. 958, SOQUE GM41546, Campbell, R.A., 1984 4 - Report on o the Geo physical Su urveys Golde en Pond Re esources C Group,, Vauquelin Twp., Queb bec. Ltd., East Claim GM41804, Boudreault, A.P., 1984 4 - Projet No ova (11-958 8), Campagn ne de Sonda ages. SOQU UEM. P 1983 - Drill Logs, Va auquelin Pro oject, Louvem Mining Co ompany Inc c. GM41828, Blanchet, P., quelin Proje ect, Louvem Mining Com mpany Inc. GM41830, 1983 - Drill Logs, Vauq 85 - Reportt on the 1 1984 Drillin ng Program m for Golde en Pond GM42328, Campbell, R.A., 198 L Vauque elin East and d Etang D’O Or Propertiess, Vauquelin n Twp., Que ebec. Resources Ltd., GM42504, Scodnick, J., J 1985 - Report R on th he Geophysi cal and Geo ological Prog gram of the e Golden urces Ltd., Chimo C North Property, Vauquelin V Tw wp., Quebecc. Pond Resou GM43286, Marchand,, J., 1986 - Bateman Bay Minin ng Co. Ltd., Pedogeoc chemical Re eport on V Vauquelin Property, P Qu uebec. GM43495, Reukl, R., 1986 1 - Drill Logs, Vauquelin Projecct, Chabela Minerals Inc c. GM43684, Reukl, R., 1986 1 - Drill Logs, Vauquelin Projecct, Chabela Minerals Inc c. P 1986 - Geochem mical Survey y on a Gro oup of 21 Claims in P Pershing GM44027, Dumont, P.E., T Township, Val-d’Or V area, Quebec. (Includes magnetomet m ter survey re esults). GM45332, D’Silva, B.,,1987 - Drilll Logs, Vauq quelin Projecct, Chabela Minerals In nc. G 1987 - Report R on Combined He elicopter-Bo orne Magnettic, Electrom magnetic GM45687, Podolsky, G., operties, for Cambior In nc. and VLF Survey, Val-d’’Or Area Pro ect, Chabela a Minerals In nc. GM45943, D’Silva, B.,, 1987 - Drill Logs, Vauquelin Proje GM46287, Dumont, P.E., P 1988 - Geochem mical Survey y on a Gro oup of 21 Claims in P Pershing T Township, Val-d’Or V area, Quebec. (Includes magnetomet m ter survey re esults). GM46939, MacNeil, K. K and Ave erill, S.A., 1988 1 - Cam mbior Inc., Nova Prop perty, Villeb bon and V Vauquelin Townships, Quebec. Reverse Ciirculation O Overburden Drilling and Heavy Mineral Sampling. GM47285, Dumont, P.E., P 1988 - Magnetom meter Surve ey on a Grroup of 21 Claims in P Pershing T Township, Val-d’Or V area, Quebec. GM47403, Beullac, R. R and Slivittzky, A., 1987 - Drill Logs and Geology Maps, Norde eau East uquelin Minies Ltd. Project. Vau GM47922, Lambert, G. G and Turc cotte, R., 1988 1 - Leve es Geophyssique (PP), Propriete de Mines V Vauquelin Ltd., L Projet Bateman, B Cantons Vauq quelin, Que bec. GM48022, Whitfield, T. T and Simoneau, P., 19 986 - Drill L Logs, Vauquelin Project, Barexor In nc.
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GM48410, Perron, L., 1988 - Rapport R de Travaux D D’Exploration n (1988), P Propriete Ba ateman, ebec. Region Abitibi-Est, Que GM48424, Perron, L.,, 1988 - Ad ddenda Resultats du P rogramme Sondage 19 988, Proprie ete Bloc e Consulting Group Ltd. Mines Vauq quelin Ltd. Ouest, Region D’Abitibii-Est, Roche GM48430, Landry, J., 1988 - Campagne e de Forag e, Propriette Chimo C Centre, Can nton de V Vauquelin, Abitibi, A Quebec. Monico or Exploratio on Inc. GM49340, Lortie, P., 1989 1 - Campagne de Sondage Hive er 87-88, Projet Nova. Cambior In nc. ampagne de e Forage, Prropriete Sim mon Est, Ca anton de Va auquelin, GM48507, Landry, J.,, 1988 - Ca A Abitibi, Que ebec. Monico or Exploratio on Inc. GM49659, Boulianne, D., 1990 - Campagne e D’Explora tion 1989-1 1990, Projet Bateman, Canton Q Min nes Vauqueliin Ltd. de Vauqueliin, Abitibi, Quebec. GM49666, Lambert, G. and Tu urcotte, R.,, 1990 - L Leves Geop physique, P Propriete de e Mines V Vauquelin Ltd., L Projet Bateman, B Cantons Vauq quelin, Que bec. GM49867, Jean, A., 1990 - Camp pagne de So ondages 199 90, Propriette Bloc-Oues st, Mines Va auquelin stion minièrre Explomine e Ltd. Ltd., by Ges GM50036, Geokemex Inc., 1990 - Leves Ge eochimique des Humuss, Propriete Vauquelin,, Canton V Vauquelin, Abitibi, A Quebec. Monico or Exploratio on Inc. GM50373, Boulianne, D., 1991 - Campagn ne D’Explora ation Ete-Automne 1990, Propriete Blocquelin, Abitib bi, Quebec. Mines Vauq quelin Ltd. a and Louvem Mines Inc. Ouest, Cantton de Vauq GM52637, Deragon, R., R 1994 - Leves Magn netometriqu ue et Electro omagnetique au Sol, P Propriete C Vauquelin, Que ebec. Mines Vauquelin L Ltd. Bloc-Ouest//Nordeau, Cantons GM52638, Blanchet, P., 1994 - Campagn ne D’Explorration 1994 4, Propriete e Nordeau, Canton V Vauquelin, Abitibi, A Quebec. Mines Vauquelin Ltd. L GM61314, Bourgoin, M.R., 2004 4 - Rapportt de Travau ux, Propriete Minerale Vauquelin. Mirabel Resources. GM64272, Bourgoin, M.R. and Castonguay, C J., 2006 - Technical Report, Nordeau Gold Mineral P Gold Corp. Properties, Val-d’Or, Quebec, for Plato GM64504, Langton, J.. and Horva ath, A.S., 20 009 - 43-10 01 Technicall Report, No ordeau Gold Mineral Properties, Val-d’Or, Quebec, for Plato P Gold Corp. GM65127, Kromo, B. and Lang gton J., 2010 - Assesssment Worrk Report, Nordeau E East and Bateman Ea ast Propertie es, Val-d’Orr, Quebec, fo or Plato Gol d Corp. GM66369, Langton, J. J and Pach heco, N., 20 011 - Asse essment Wo ork Report, Nordeau E East and ast Propertie es, Val-d’Orr, Quebec, fo or Plato Gol d Corp. Bateman Ea GM68593, Manon, G. and Pierre, R., 2014 - Campagne D’Echantillo onnage de F Forages Histtoriques, C Vauquelin/Pershing. Globex x Mining Incc. Nordeau East & West, Canton
East Cadilllac Gold Projject – 2017 T Technical Rep port 102
MB86-67, Gaudreau, R., R Lacoste, P and Roch heleau, M., 1986. Geolo ogie et gitologie du secteur de Vauquelin, Abitibi. A Ministère de l'Énergie et de es Ressources du Quebec. Louvicourt-V MB87-05, Sauve, P, Blanchet, B P, Blouin, J.Y Y., Champag gne, M, Lecllaerc, A., 19 987. Geolog gie de la C - Region de Val-d d’Or. Ministe ere des Rich hesses Natu urelles Queb bec. mine d’Or Chimo MB87-52, Rocheleau, M, Hebertt, R, St-Juliien, P, Gau udreau, R, Perrier, B, Lacoste, P., 1987. que, Paleogrraphique et Gitologique e du Secteur de Vauque elin, Pershin ng et de Synthese Stratigraphiq port Interimaire. Ministe ere des Rich hesses Natu relles Quebec. Haig - Rapp MB97-11, Rocheleau, M, Hebertt, R, Lacostte, P, Racin ne, M, Gaud dreau, R, S St-Julien, P., 1997. S que, Paleoge eographique e et Gitolog gique: Canttons Vauque elin, Pershin ng, Haig Synthese Stratigraphiq et Parties des Cantons Louvicourt, Pascalis et Denain, Min Naturelles Q Quebec. nistere des Richesses N MM82-04, Imreh, L., 1984. Sillo on de la Mo otte-Vassan et son ava ant-pays me eridional: S Synthese v volcanologiq que, lithostrratigraphiqu ue et gitolog gique. Ministtere des Ricchesses Natu urelles Queb bec. MB88-14, Rocheleau, M, Gaudre eau, R, Sauve, P, Perrrier, B., 1988. Geologie des Gis sements A Auriferes de e Chimo et de Nordeau u - Region de d Val-d’Or.. Ministère d de l'Énergie e et des Res ssources Quebec. MM91-03, Sauve, P, Imreh, L, Trudel, P., 1993. Descrip tions des Gites d’Or de e la Region d de Vald’Or. Ministere des Rich hesses Natu urelles Queb bec.
APPENDIX I List of Claims comprising the East Cadillac Gold Property (Source : Ministère des Ressources naturelles, Québec https://gestim.mines.gouv.qc.ca/)
Claim No 2437791 2437792 2437793 2437794 2437795 2437796 2437797 2437798 2437799 2437800 2437801 2437802 2437803 2437804 2437805 2437806 2437807 2437808 2437809 2437810 2437811 2437912 2437913 2437914 2437915 2437862 2437863 2437864 2437865 2437866 2437867 2437868 2437869 2437870 2437871
NTS 32C03 32C03 32C03 31N14 31N14 31N14 31N14 31N14 32C03 32C03 32C03 31N14 31N14 31N14 31N14 32C03 32C03 31N14 31N14 32C03 31N14 32C03 32C03 32C03 32C03 32C03 32C03 32C03 31N14 32C03 32C03 32C03 32C03 32C03 31N14
Expiry Date 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 27‐Jun‐2017 1‐Jun‐2018 1‐Jun‐2018 1‐Jun‐2018 1‐Jun‐2018 18‐Jun‐2018 18‐Jun‐2018 18‐Jun‐2018 18‐Jun‐2018 18‐Jun‐2018 18‐Jun‐2018 18‐Jun‐2018 18‐Jun‐2018 18‐Jun‐2018 18‐Jun‐2018
Renewal Area (Ha) Date 27‐Apr‐2017 57.6 27‐Apr‐2017 57.6 27‐Apr‐2017 57.6 27‐Apr‐2017 57.6 27‐Apr‐2017 57.6 27‐Apr‐2017 57.6 27‐Apr‐2017 23.6 27‐Apr‐2017 6.9 27‐Apr‐2017 43.0 27‐Apr‐2017 57.4 27‐Apr‐2017 6.2 27‐Apr‐2017 32.7 27‐Apr‐2017 0.3 27‐Apr‐2017 18.3 27‐Apr‐2017 56.3 27‐Apr‐2017 4.4 27‐Apr‐2017 43.4 27‐Apr‐2017 15.0 27‐Apr‐2017 35.2 27‐Apr‐2017 11.6 27‐Apr‐2017 2.0 1‐Apr‐2018 7.2 1‐Apr‐2018 8.1 1‐Apr‐2018 23.2 1‐Apr‐2018 7.3 18‐Apr‐2018 38.2 18‐Apr‐2018 39.4 18‐Apr‐2018 15.9 18‐Apr‐2018 3.1 18‐Apr‐2018 20.0 18‐Apr‐2018 36.3 18‐Apr‐2018 21.3 18‐Apr‐2018 11.3 18‐Apr‐2018 26.8 18‐Apr‐2018 5.7
Excess Work $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $233,443.30 $264,416.91 $757,060.50 $236,703.67 $200,989.76 $207,515.75 $83,469.43 $16,262.33 $105,310.43 $190,832.38 $112,099.55 $59,365.40 $140,887.56 $30,208.99
Required Work $1,520.01 $1,520.01 $1,520.27 $1,520.53 $1,520.53 $1,520.79 $622.25 $183.14 $1,135.52 $1,513.41 $164.40 $863.97 $7.91 $483.44 $1,484.90 $116.90 $1,145.01 $395.30 $929.15 $305.32 $52.25 $508.64 $576.12 $1,649.51 $515.74 $1,591.15 $1,642.81 $660.79 $128.75 $833.70 $1,510.74 $887.44 $469.96 $1,115.34 $239.15
Required Fees $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $30.51 $30.51 $59.67 $59.67 $30.51 $59.67 $30.51 $30.51 $59.67 $30.51 $59.67 $30.51 $59.67 $30.51 $30.51 $30.51 $30.51 $30.51 $30.51 $59.67 $59.67 $30.51 $30.51 $30.51 $59.67 $30.51 $30.51 $59.67 $30.51
Titleholder(s) (Name, Number and Percentage) Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 %
Claim No 2437872 2437873
Renewal Area (Ha) Date 32C03 18‐Jun‐2018 18‐Apr‐2018 39.0 32C03 18‐Jun‐2018 18‐Apr‐2018 39.5
NTS
Expiry Date
Excess Work
Required Work
Required Fees
$205,252.70 $207,831.52
$1,624.89 $1,645.30
$59.67 $59.67
2438798
32C03 14‐Aug‐2018 14‐Jun‐2018
57.6
$70,836.02
$1,781.73
$59.67
2438799
32C03 14‐Aug‐2018 14‐Jun‐2018
57.6
$70,836.01
$1,781.73
$59.67
2438800
32C03 14‐Aug‐2018 14‐Jun‐2018
57.6
$70,836.01
$1,781.73
$59.67
2438801
32C03 14‐Aug‐2018 14‐Jun‐2018
50.8
$62,473.43
$1,571.39
$59.67
2438802
32C03 14‐Aug‐2018 14‐Jun‐2018
18.5
$22,763.45
$572.57
$30.51
2438803
32C03 14‐Aug‐2018 14‐Jun‐2018
2.2
$2,742.44
$68.98
$30.51
2438804
32C03 14‐Aug‐2018 14‐Jun‐2018
39.4
$48,404.61
$1,217.52
$59.67
2438805
32C03 14‐Aug‐2018 14‐Jun‐2018
7.2
$8,793.01
$221.17
$30.51
2438806
32C03 14‐Aug‐2018 14‐Jun‐2018
5.0
$6,185.85
$155.59
$30.51
2438807
32C03 14‐Aug‐2018 14‐Jun‐2018
34.6
$42,599.99
$1,071.51
$59.67
2438808
32C03 14‐Aug‐2018 14‐Jun‐2018
5.6
$6,899.13
$173.53
$30.51
2438809
32C03 14‐Aug‐2018 14‐Jun‐2018
6.9
$8,522.46
$214.36
$30.51
2438810
32C03 14‐Aug‐2018 14‐Jun‐2018
1.8
$2,164.43
$54.44
$30.51
2438811
32C03 14‐Aug‐2018 14‐Jun‐2018
33.4
$41,099.65
$1,033.77
$59.67
2438935
32C03 12‐Dec‐2018 12‐Oct‐2018
3.2
$0.00
$135.27
$30.51
2438936
32C03 12‐Dec‐2018 12‐Oct‐2018
24.1
$0.00
$1,004.01
$30.51
Titleholder(s) (Name, Number and Percentage) Globex Mining Enterprises Inc. (702) 100 % Globex Mining Enterprises Inc. (702) 100 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 %
Claim No 2438937 2461488 2461489 2461490 2461491 2461492 2461493 2461494 2461495 2468029 2468030 2468031 2468032 2468033 2468034 2468035 2468036 2468037 2468038 2468039 2468040 2468041 2468042 2468043 2385084 2438140 2438141 2438142 2438143 2438144 2438145 2438146 2438147 2438148
NTS
Expiry Date
Renewal Date
32C03 12‐Dec‐2018 12‐Oct‐2018 31N14 7‐Sep‐2018 8‐Jul‐2018 31N14 7‐Sep‐2018 8‐Jul‐2018 31N14 7‐Sep‐2018 8‐Jul‐2018 32C03 7‐Sep‐2018 8‐Jul‐2018 32C03 7‐Sep‐2018 8‐Jul‐2018 32C03 7‐Sep‐2018 8‐Jul‐2018 32C03 7‐Sep‐2018 8‐Jul‐2018 32C03 7‐Sep‐2018 8‐Jul‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 6‐Nov‐2018 6‐Sep‐2018 31N14 12‐May‐2017 12‐Mar‐2017 32C03 1‐Aug‐2017 1‐Jun‐2017 32C03 1‐Aug‐2017 1‐Jun‐2017 32C03 1‐Aug‐2017 1‐Jun‐2017 32C03 1‐Aug‐2017 1‐Jun‐2017 32C03 1‐Aug‐2017 1‐Jun‐2017 32C03 1‐Aug‐2017 1‐Jun‐2017 32C03 1‐Aug‐2017 1‐Jun‐2017 32C03 1‐Aug‐2017 1‐Jun‐2017 32C03 1‐Aug‐2017 1‐Jun‐2017
Area (Ha) 3.9 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 23.7 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6 57.6
Excess Work $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3,046.19 $3,045.66 $3,045.66 $3,045.66 $3,045.66 $3,046.19 $3,045.65 $3,045.65 $3,045.65
Required Work $160.73 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $780.00 $325.00 $1,871.38 $1,871.05 $1,871.05 $1,871.05 $1,871.05 $1,871.38 $1,871.05 $1,871.05 $1,871.05
Required Fees $30.51 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $30.51 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67 $59.67
Titleholder(s) (Name, Number and Percentage) Bateman Bay Mining Company Inc. (427) 40 % Globex Mining Enterprises Inc. (702) 60 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Chalice Gold Mines (Quebec ) Inc. (95690) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 %
Claim No 2438149 2438150 2438151 2438152 2438153 2438154 2438155 2438156 2438157 2438158 2438159 2438160 2438161 2438162 2438163 2438164 2438165 2438166 2438167 2438168 2438169 2438170 2438171 2438172 2438173 2438174 2438175 2438176 2438177 2438178 2438179 2438180 2438181 2438182 2438183
NTS 31N14 31N14 31N14 31N14 31N14 32C03 31N14 32C03 32C03 32C03 32C03 32C03 32C03 32C03 32C03 31N14 32C03 32C03 31N14 32C03 32C03 32C03 32C03 32C03 32C03 32C03 31N14 32C03 32C03 32C03 32C03 32C03 32C03 32C03 32C03
Expiry Date 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017
Renewal Area (Ha) Date 1‐Jun‐2017 57.6 1‐Jun‐2017 57.6 1‐Jun‐2017 57.6 1‐Jun‐2017 57.6 1‐Jun‐2017 57.6 1‐Jun‐2017 23.1 1‐Jun‐2017 57.6 1‐Jun‐2017 47.4 1‐Jun‐2017 23.2 1‐Jun‐2017 18.3 1‐Jun‐2017 2.7 1‐Jun‐2017 6.8 1‐Jun‐2017 8.5 1‐Jun‐2017 57.5 1‐Jun‐2017 30.4 1‐Jun‐2017 57.6 1‐Jun‐2017 13.3 1‐Jun‐2017 1.7 1‐Jun‐2017 57.6 1‐Jun‐2017 29.8 1‐Jun‐2017 54.4 1‐Jun‐2017 18.1 1‐Jun‐2017 56.0 1‐Jun‐2017 22.4 1‐Jun‐2017 7.6 1‐Jun‐2017 0.6 1‐Jun‐2017 23.7 1‐Jun‐2017 45.2 1‐Jun‐2017 1.1 1‐Jun‐2017 39.2 1‐Jun‐2017 18.1 1‐Jun‐2017 29.2 1‐Jun‐2017 1.4 1‐Jun‐2017 23.5 1‐Jun‐2017 48.6
Excess Work $3,047.24 $3,047.24 $3,047.24 $3,047.24 $3,047.24 $1,221.65 $2,601.42 $2,505.17 $1,229.05 $965.15 $140.67 $359.62 $448.99 $3,039.31 $1,608.24 $237.98 $701.26 $92.02 $3,045.65 $1,577.56 $2,874.31 $955.63 $2,962.63 $1,182.51 $404.04 $31.20 $1,255.49 $2,389.35 $55.53 $2,073.63 $958.28 $1,542.66 $73.51 $1,244.92 $2,570.75
Required Work $1,872.03 $1,872.03 $1,872.03 $1,872.03 $1,872.03 $750.50 $1,598.14 $1,539.01 $755.05 $592.93 $86.42 $220.93 $275.83 $1,867.15 $987.99 $146.20 $430.81 $56.54 $1,871.05 $969.15 $1,765.78 $587.08 $1,820.04 $726.46 $248.22 $19.18 $771.30 $1,467.86 $34.11 $1,273.90 $588.70 $947.70 $45.16 $764.79 $1,579.29
Required Fees $59.67 $59.67 $59.67 $59.67 $59.67 $30.51 $59.67 $59.67 $30.51 $30.51 $30.51 $30.51 $30.51 $59.67 $59.67 $59.67 $30.51 $30.51 $59.67 $59.67 $59.67 $30.51 $59.67 $30.51 $30.51 $30.51 $30.51 $59.67 $30.51 $59.67 $30.51 $59.67 $30.51 $30.51 $59.67
Titleholder(s) (Name, Number and Percentage) Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 %
Claim No 2438184 2438185 2438186 2438187 2438188 2438189 2438190 2438191 2438192 2438193 2438194 2438195 2438196 2438197 2438198 2438199 2438200 2438201 2438202 2438203 2438204 2438205 2438206 2438207 2438208 2438209 2438210 2438211
NTS 31N14 32C03 32C03 32C03 32C03 32C03 32C03 32C03 32C03 32C03 32C03 31N14 32C03 32C03 32C03 32C03 32C03 32C03 32C03 32C03 32C03 32C03 32C03 32C03 32C03 32C03 32C03 31N14
Expiry Date 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017 1‐Aug‐2017
Renewal Area (Ha) Date 1‐Jun‐2017 57.6 1‐Jun‐2017 18.2 1‐Jun‐2017 45.3 1‐Jun‐2017 49.5 1‐Jun‐2017 45.3 1‐Jun‐2017 21.6 1‐Jun‐2017 49.5 1‐Jun‐2017 40.8 1‐Jun‐2017 18.5 1‐Jun‐2017 45.4 1‐Jun‐2017 56.9 1‐Jun‐2017 51.9 1‐Jun‐2017 18.5 1‐Jun‐2017 43.0 1‐Jun‐2017 3.1 1‐Jun‐2017 37.5 1‐Jun‐2017 38.6 1‐Jun‐2017 1.8 1‐Jun‐2017 53.4 1‐Jun‐2017 53.7 1‐Jun‐2017 19.9 1‐Jun‐2017 1.4 1‐Jun‐2017 45.4 1‐Jun‐2017 0.3 1‐Jun‐2017 37.6 1‐Jun‐2017 7.3 1‐Jun‐2017 22.2 1‐Jun‐2017 54.5 5372.4
Excess Work
Required Work
Required Fees
$2,606.18 $961.45 $2,397.81 $2,618.34 $2,393.58 $1,144.43 $2,617.29 $2,157.71 $979.96 $2,401.51 $3,009.69 $2,743.68 $979.96 $2,275.12 $165.53 $1,984.78 $2,039.25 $96.25 $2,823.54 $2,841.52 $1,054.53 $71.39 $2,399.40 $15.87 $1,988.48 $383.42 $1,173.52 $2,883.83
$1,601.06 $590.65 $1,473.05 $1,608.53 $1,470.45 $703.06 $1,607.88 $1,325.55 $602.02 $1,475.32 $1,848.95 $1,685.53 $602.02 $1,397.68 $101.69 $1,219.31 $1,252.78 $59.12 $1,734.59 $1,745.63 $647.83 $43.86 $1,474.02 $9.74 $1,221.58 $235.54 $720.93 $1,771.63
$59.67 $30.51 $59.67 $59.67 $59.67 $30.51 $59.67 $59.67 $30.51 $59.67 $59.67 $59.67 $30.51 $59.67 $30.51 $59.67 $59.67 $30.51 $59.67 $59.67 $30.51 $30.51 $59.67 $30.51 $59.67 $30.51 $30.51 $59.67
$3,649,011.04
$146,607.60
$7,259.22
Titleholder(s) (Name, Number and Percentage) Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 % Richmont Mines Inc. (2165) 100 %
