2-33883

REPORT ON DIAMOND DRILLING

FR61-01 & BEN43-01 Frecheville & Benoit Twps.

Larder Lake Mining Division

NTS: 320/12 & 42A108 PROJ #200

FALCONBRIDGE LIMITED January, 2007

JAN I 8 {2~7

GEOSCIr.:NCI"! f." c:;r'~;,' '' ~ ~-,.- I OI:l·.C~; ,

SUMMARY AND RECOMMENDATIONS

Two diamond drill holes totalling S08m were completed on Falconbridge Limited

property in Benoit and Frecheville Twps., Larder Lake Mining Division between June 18th-

July 24th, 2004. Both drill holes targeted coincident AEM-HLEM anomalies defined from the

Discover Abitibi Kidd-Munro - Blake River MegaTEM survey released in late 2003. DOH

FR61-01 (242m) intersected a thick sequence of intermediate to mafic volcanic rocks but

failed to intersect any conductor in the hole. A review of the geophysical data suggested that

the conductor may have been due to an overburden effect. DOH BEN43-01 (266m) also

cored a sequence of mafic to intermediate volcanic rocks and intrusives punctuated by a thin

graphitic argillite horizon between 113.2-118.0m to explain the targeted conductor. No

further work is recommended on either of the two targets.

TABLE OF CONTENTS

SUMMARY AND RECOMMENDATIONS ..................................................................................... 2

TABLE OF CONTENTS ................................................................................................................ 3

INTRODUCTION, LOCATION & ACCESS ................................................................................... 4

GENERAL GEOLOGY .................................................................................................................. 6

PREVIOUS WORK ....................................................................................................................... 6

CURRENT WORK PROGRAM ..................................................................................................... 7

RECOMMENDATIONS ................................................................................................................. 7

PERSONNEL ................................................................................................................................ 7

REFERENCES .............................................................................................................................. 9

APPENDICES

1) FL Rock Code Legend 2) Diamond Drill Logs - FR61-01 & BEN43-01 3) Assay & Whole Rock Certificates 4) DOH Sections & Plan Maps

INTRODUCTION, LOCATION & ACCESS

Two diamond drill holes totalling SOBm were completed on Falconbridge Limited

property in Benoit and Frecheville Twps., Larder Lake Mining Division between June 1Bth_

July 24th, 2004. Both drill holes targeted coincident AEM-HLEM anomalies defined from the

Discover Abitibi Kidd-Munro - Blake River MegaTEM survey released in late 2003.

The property consists of two isolated blocks referred to herein as the BEN-43 and

FR-61 properties. The FR-61 block is located in northwest Frecheville Twp., Larder Lake

Mining Division, approximately S4km east-northeast of the town of Matheson (Fig. 1). The

property is accessed from Hwy 101 along a logging road which turns north of the highway

approximately 64km east of Matheson. The road extends northward for Bkm before turning

westward for 9km and transecting the southern portion of the grid. The road is navigable by

truck to within approximately Skm of the grid after which A TV / snowmobile transport is

required. The property consists of a single 16 unit claim registered to Falconbridge Limited

recorded on January 9th, 2004 (Table 1). The BEN-43 property is located in central Benoit

Twp., Larder Lake Mining Division, approximately 30km southeast of the town of Matheson

(Fig. 1). The property is accessed from a regional road which turns eastward off of Hwy 11 N

approximately 2Bkm south of Matheson. The road crosses the Ontario Northland Railway

immediately north of the grid area. ATV and/or snowmobile transportation is required to

access the grid itself. The Benoit property consists of a single sixteen unit claim registered to

Falconbridge Limited (formerly Noranda Inc.) (Table 1) which was recorded on January 9th,

2004.

Diamond drilling was completed by Bradley Brothers of Timmins, ON, assay analyses

were completed by Swastika Laboratories of Swastika, ON with whole rock geochemistry

completed by Assayers Canada of Vancouver, BC. Interpretation Core-logging,

interpretation and reporting were performed by Falconbridge staff.

Claim' Property Units Township Holder Recorded Due Date Work Rq'd

L3013095 FR-61 16 Frecheville Falconbridge Jan. 9th, 2004 Jan. 9"',2007 $6,400

L3013089 BEN-43 16 Benoit Falconbridge Jan. 9th, 2004 Jan. 9"',2007 $6,400

Table 1 - Property Description

, , , , , CAt __ _

1 ---------+---

1,,: l

i Mathe~on . ,

\, .. -~/ .. -~ ;~----~.

;/------,...... COULSON

o WARDEN

Fig. 1 -Property Location Map

GENERAL GEOLOGY

The FR-61 property is interpreted to be underlain predominantly by mafic to ultramafic volcanic rocks of the Stoughten-Rocquemaure Assemblage as interpreted by Ayer et aI, 2002. The geology is largely extrapolated from regional aeromagnetic data as very little direct evidence exists as to the actual geology of the area due to a lack of outcrop and historic exploration work. Several thin felsic units have been mapped to the northeast of the grid however none are interpreted to extend onto the property.

The BEN-43 property occurs near the contact between the Blake River and Kinojevis Assemblages of the Abitibi Greenstone Belt as interpreted by Ayer et aI, 2002. The property is underlain by mafic to intermediate volcanic rocks with minor associated intrusives. Little direct evidence exists as to the geology of the immediate grid area due to a lack of historic exploration and existing maps are largely extrapolated from regional magnetic data. The only drilling in the area was completed by Noranda in 1972 however both of the holes completed were lost in overburden without reaching bedrock.

PREVIOUS WORK

No historic exploration work is known to have been completed in the immediate area of the FR-61 grid. The closest work to the grid area was by Noranda Inc. in 1987 who completed geological mapping and ground geophysics (EM & Mag) over several thin felsic volcanic units approximately 2km southeast of the property. A single 221 m drillhole was completed east of the FR-61 grid however no significant assays were reported. Additional work has also been performed by several companies along strike to the east including geological mapping, geochemical sampling and ground geophysics by Patino Mining, St. Joes Mining as well as by G.N. Henriksen. Patino Mining also completed a single 9Sm drillhole in 1971 approximately 4km east of the grid.

Similarly, a very limited amount of historic work has been completed in the vicinity of the Benoit 43 grid. The most significant exploration was carried out by Noranda in 1972 who completed HLEM and magnetic ground surveys and diamond drilling of two holes totalling 146m. Neither of the two holes reached bedrock however with both being lost in overburden. A summary of work available from the ERMES assessment database is provided in the table below.

AFR I File Company Work Performed Year 42A08SE0112 Noranda Inc. EM Magnetics 1972 42A08SE0114 Noranda Inc. EM Magnetics 1972 42A08SE0122 Noranda Inc. Drilling 1972 42A08SE0072 L.M. Dyment Magnetics VLF 1990 42A08SE0130 L.M. Dyment VLF Line-cutting 1990

BEN·43 Property - Historic Assessment Work

CURRENT WORK PROGRAM

HLEM and magnetic surveys on the FA-61 and BEN-43 grids were completed in mid-2003, both of which defined weak to moderate strength conductors on the properties roughly coincident with the Mega TEM anomalies identified from the airbome survey. Diamond drilling to test the target was contracted to Bradley Brothers of Timmins, ON andwas initiated in mid-June, 2004.

DOH FA61-01 was collared on L3+00E at 0+755 on the FA-61 grid and drilled grid north (345°) at a dip of -50°. The hole encountered 37m of overburden before casing in bedrock. The entirety of the 242m hole cored massive, amphibole-phyric intermediate volcanic rocks. A thin felsic intrusive dyke was also encountered between 64.3-65.8m. The volcanics carried only trace to 0.5% disseminated pyrite-pyrrhotite mineralization and no explanation for the targeted conductor was intersected by the hole.

Drill-hole BEN43-01 was collared on L5+00E at 0+505 on the BEN-43 and drilled grid north (015°) at a dip of -50°. Thirty-four metres of overburden was encountered before entering bedrock consisting of amygdaloidal, pillowed mafic volcanic rocks. The conductor was intersected between 113.2-118.0m, being sourced by a weakly sulphidic graphitic argillite horizon carrying 5-6% pyrite mineralization. Intermediate volcanics were cored between to 235.3m followed by mafic intrusive rocks from 235.3m to the end-of-hole at 266m. Trace chalcopyrite mineralization was encountered within the intermediate volcanics however the sulphides appeared represent late-stage, fracture controlled mineralization.

RECOMMENDATIONS

A review of the geophysical data from the FA-61 was completed in light of the completed diamond drill hole and subsequent borehole EM surveys. It was concluded that the source of the EM response identified by the airbome and ground surveys was likely a result of overburden and bedrock topography in the area and therefore further work on the target is not warranted. On the BEN-43 grid, the argillite intersected between 113-118m adequately explained the targeted conductor. Given the nature of the geology intersected by the hole and the lack of significant base­metal mineralization, further work on the target is not recommended.

PERSONNEL

The following persons were involved in the supervision, performance and reporting of this work;

Dean F. Rogers, P.Geo. 5enior Project Geologist - Xstrata Copper (formerly Falconbridge Limited) 218 Ottolen 5t. Porcupine, ON PON 1CO

Work phone: 705-264-5200 (x-8280)

Frank Santaguida, P .Geo. Senior Field Geologist - Xstrata Copper (formerly Falconbridge Limited) 133 Daniel Crescent Porcupine, ON PON 1CO Work phone: 705-264-5200 (x-8234)

Luc Pigeon, GIT Associate Geologist - Falconbridge Limited Kidd Creek Minesite - Hwy 655 North P.O. Box 1140 Timmins, ON P4N 7H9 Work phone: 705-264-5200 (x-8211)

Cliff David Field Technician - Falconbridge Limited 126 Clifford St. Timmins, ON P4R 1B8 Work phone: 705-264-5200 (x-8242)

DeanF:RO;rs:Oo: Senior Project Geologist Xstrata Copper (formerly Fa/conbridge Limited, formerly Noranda Inc.)

REFERENCES

Ayer, J.A., Berger, B.R. and Trowell, N.F. 1999: Geological Compilation of the Lake Abitibi Area, Abitibi Greenstone Belt; Ontario Geological Survey, Preliminary Map P.3398, scale 1:100,000.

Pyke, D.R., Ayres, L.D. and Innes, D.G. 1973: Timmins-Kirkland Lake Sheet, Districts of Cochrane, Sudbury and Timiskaming; Ontario Div. Mines, Map 2205, Geol. Compo Ser., Scale 1 inch to 4 miles.

ERMES MNDM Website Various assessment files

Appendices

FL TIMMINS GEOLOGY - ROCK LEGEND - 2001 A 1 •• MAIN ROCK DIVISIONS - REGIONAL 2. TEXTURE. GEOCHEMICAL MODIFIERS 15 Phanerozoic SedimenI8 A Fine Grained N VarioiKiclSpheruiltic 14 Huronian Supergroup AOC Adcumulate NN Graded Bedding 13 Metamorphic (Unknown) B Medium Grained NT Net Textured 12 GneiSs BD Bedded 00 Cross bedding 11 Schist BK Ba8aItiC Komat.te OP Ophitic 10 Diabase BX Breocia ORC Orthocumulate 9 Felsic intrusive Rocks C Coarse Grained OSX OHvine Spinifex 8 Interrne<iate Intrusive Rocks CH Chert P PMlowed 7 Mafic Intrusive Rocks 00 Block (>64mm)IXenollth PBX Pillow Breccia 6 Ultramafic Intruaive Rocks ON Dunite PE Peridot"e 5 Sedimentary Rocks E AmygdaloidaWesicutar PH Porphyrilic 5S Sulphide (>40%) EE AutoclasticlHyaloclastic PR Primitive (V <20) 4 Felsic Volcanic Rocks EV Evolved (V>2O<60) PS Polysutured 3 Intermediate Volcanic Rocks F Fragmental PSX Pyroxene Spinifex 3HT Heterolithic Volcanic Rocks FB Flow Banded PX Pyroxentte 2 Mafoc Volcanic Rocks FBX Flow Breocia QFP Quartz-Feldspar PhyriclPorphyry 1 Unramalic Volcanic Rocks FF Feldspar (Albite) Flowers QP Quartz PhyriclPorphyry lb. MAIN ROCK DIVISIONS - K1DD MINE FP Feldspar Phyric QT Quench T exturedlChilled AlDI "Andesite/Diorite" - Typa 1 GB Gabbroic Textured RR Porphyroblastic AlD2 "Andas"elDiorile" • Typa 2 GPH Graphitic/Argillaceous RWV Reworked Volcanic AlD3 "Andes"e/Diorite" • Typa 3 H Tholeiitic S Sulphides. Exhal&tes AID4 "Andesite/Diorite" • Typa 4 HEV Highly Evolved (V>60) SKC SkeletaliCrescumuiate AM Amphibolite HH Clast Supported SS Hornlels SA Black ArgilUte HT Heterol"hic SX Spinifex Be Black Chert I Alkalic T Pyroclastic BK Basaltic Komatitte IF Oxide Iron Formation TKL Thickly Laminated CB Cherty Breccia II Matrix Supported TNL Thinly Laminated D "~e" IBX I naitu Breccia TUF Tuff G Graywacke J CaIc·A1kalic TW Tuffwacke MGT Magnesium Tholeiite JJ Granule (gril2-4mm) U High Mig MMF Mixed Mafoc Fragmental K Komatiltic V High Fe MRF Mixed Rhyolite Fragmental KK PabbIe(4~) VBX Volcanic Breccia MS Massive Sulphides LL Cobble (64·256mm) W High AI MSC Massive Sulphides· Mainly CP LST Lapillistone WK Wacke MSCS Massive Sulphides· Mainly CP + SPH LTF Lapili Tuff WW fragmental (felsic>mafic) MSP Massive Sulphides· Mainly PV LX Lauc:oxene Bearing X Andesite MSPO MassiveSuiphidas·MainlyPO LXP Laucoxene Bearing ·Pink XX Iragmental (malic>felsic) MSS Massive Sulphides· Mainly SPH LXW Laucoxene Bearing ·White V Icelandite MV Mafic Volcanic M Massive VV Crystal Tuff (>50% of frags) PeR Pyrite· Carbonate Rock MM Boulder (>256) ZZ Uthic Tuff (>50% of frags) PK Pyroxenite Komati"e MSC Mesocumulate QFP Quartz Feldspar Porphyry 3. STRUCTURAL TYPES QP Quartz Porphyry AUG Augen GG Gouge QV Quartz Vein Be Broken Core JTOC Joint· Quartz Carbonate R Rhyoltte BO Bedding JTR Joint • Regular S Serpentinite BON Boudinage LCTBRK Lo_r Contact· Broken SM Semi-Massive Sulphides BND Banding LCTF ~r Contact . FauUed TC T alc·Carbonate DSK Discing LCTGRD Lower Contact . Gradational Ie. OTHER 'ROCK' DIVISIONS FLO Fold LCTSHP Lower Contact • Sharp CAS CaaingiOverburden FLOB Fold· Broad MSF Moderately SchistoselFoIiated BF BackfHl FLOT Fold· Tight MZ Milled Zona BT Break Through FV Fractured and Veined SF Schistose/Foliated

Jan 08,2007

HoleNumber FR61-01

Project Name: Exploration

Project Number Explor

Claim Number: L3013095

Hole Type: Exploration

Date Started: Jun 18, 2004

Date Completed: Jun 21, 2004

Date Entered: Oct 25, 2004

Logged By L. Pigeon

Comments:

Directional Data

Depth Azimuth Decimal

47.00 345.80

107.00 347.30

167.00 347.40

227.00 347.80

Location: Frecheville Twp.

Section:

Parent (~wedge):

Coliar Survey: N

Making Water: N

Gas Intersected: N

Dip Decimal TestType Flag Comments

-51.30 SS OK

-51.90 SS OK

-52.30 SS OK

-52.80 SS OK

DETAILED LOG FALCONBRIDGE LTD.

Primary Coordinates

Grid: UTM: (P)

North: 5384864.00

East: 593384.00

EIev: 300.00

Pulse EM Survey: Y

Plu9ged: N

Object In Hole: N

Destination Coordinates

Grid: UTM:

North: 5384864.00

East 593384.00

EIev: 300.00

Multishot Survey: N

Is Cemented: N

Verified: N

Alternate Coordinates

Grid: ALT:

North: -75.00

East: 300.00

EIev: 300.00

Contractor: BRADLEY BROS.

Core Storage: Kidd Creek

Casing: 37m Pulled

Hole Size: BQ

Page 1013

Units: METRIC

Coliar Dip:

Collar Az:

Length:

Start Depth:

Final Depth:

-50.00

345.00

242.61

0.00

242.61

Jan 08,2007

HoleNumber FR61-01

FROM

TO ROCKTVPE

0.00 (CAS) CaslngJOverburden

TO 37.00

37.00 (3) Intermediate Volcanic Rocks TO Fine-grained light greenish gray massive

242.60 intermediate volcanic rock. The rock displays a wide range of grain size and is locally coarse producing a texture similar to gabbro. The rock is also locally amphibole phorphyrrric. The amphibole is black, anhedral and with size ranging from <1 mm to 2mm. Amphibole phenocryst content can reach up to 10-15 %.

This YAlole unrr could also be various phases of a mafic intrusion. Whole rock chemistry will help disciminate between mafic or intermediate composition

64.30 - 65.80 (9) Felsic Intrusive Rocks plagioclase porphyritic felsic dyke. Rock contains up to 40 % euhedral \'\oilrte plag phenos that reach up to 4 mm in size. Matrix is brownish gray and is very-fine grained (aphanrtic). Rock contains .5% euhedral pyrite X-tals.

242.601 (EOH) End of Hole TO

242.61

TEXTURE

37.00 - 242.60: (C) Coarse Grained 37.00 - 242.60: (M) Massive

37.00 - 242.60: (PH) Porphyritic amphibole 37.00 - 242.60: (A) Fine Grained

64.30 - 65.80: (PH) Porphyrrtic plag ioclase

DETAILED LOG FALCONBRIDGE LTD.

STRUCTURE

99.40 - 99.70: (FZ) Fau~ (Fau~ Zone), 30 Deg to CA 199.30 - 199.70: (FY) Fractured and Veined, 204.50 - 205.90: (FZG) Fau~ Zone - Gouge,

Page 2 of3

Units: METRIC

ALTERATION MINERALIZATION

37.00 - 242.60 (51) 5ilic~ication, (M) Moderate, 37.00 - 242.60: 0.1 % (PY) Pyrrte, (0) (P) Pervasive Oisseminated/Blebby

?? 37.00 - 242.60: 0.01 % (PO) Pyrrhotrte, (FY) FracturelVeined Controlled

64.30 - 65.80: 0.5% (PY) Pyrrte, (0) OisseminatedlBlebby

Jan 08, 2007

~ DETAILED LOG Page 3 of 3

FALCONBRIDGE LTD.

HoleNumber FR61-01 Units: METRIC

WRA Information - Oxides

Si02 Ti02 AI203 Fe203 MnO MgO CaO Na20 K20 P205 Cr203 LOI SUM Cr Y Zr Cu Zn Sample Number From To Length Rock CHEMID % % % % % % % % % % % % % ppm ppm ppm ppm ppm Mineralization Alteration Comments

AT06144 41.00 44.00 3.00 48.92 0.77 14.25 10.86 0.21 7.82 9.02 3.63 0.30 0.08 3.83 99.79 317 15 47 151 67

AT06145 71.00 74.00 3.00 49.13 0.75 14.30 11.57 0.16 8.39 10.52 1.61 0.15 0.10 2.96 99.76 355 13 43 154 70

AT06146 101.00 104.00 3.00 51.57 0.92 14.94 10.45 0.13 6.43 9.51 2.76 0.18 0.18 2.59 99.74 220 14 88 166 75

AT06147 131.00 134.00 3.00 50.D1 0.77 13.52 11.65 0.15 8.28 9.83 2.15 0.22 0.10 3.02 99.82 303 16 46 176 65

AT06146 158.00 161.00 3.00 47.54 0.73 14.52 11.53 0.19 8.71 9.88 2.52 0.31 0.07 3.52 99.83 396 13 46 160 80

AT06149 191.00 194.00 3.00 48.20 0.74 14.80 11.46 0.24 7.93 11.49 1.58 0.32 0.07 2.85 99.80 374 14 36 150 104

AT06150 227.00 230.00 3.00 50.31 0.93 13.48 12.12 0.11 8.29 9.65 1.34 0.27 0.09 3.07 99.77 271 16 57 163 117

Jan 07,2007

Hole Number BEN43-01

Project Name: Exploration

Project Number: Explor

Claim Number: L3013089

Hole Type: Exploration

Date Started: Jul 21, 2004

Date Completed: Jul 24, 2004

Date Entered: Oct 22, 2004

Logged By: L. Pigeon

Comments:

Location: BenoitTwp.

Section:

Parent (if wedge):

Collar Survey: N

Making Water: N

Gas Intersected: N

DETAILED LOG FALCONBRIDGE LTD.

Primary Coordinates Destination Coordinates

Grid: UTM: (P) Grid: UTM:

North: 5352113.00 North: 5352113.00

East 556936.00 East: 556936.00

EIev: 300.00 EIev: 300.00

Pulse EM Survey: Y Multishot Survey: N

Plugged: N Is Cemented: N

Object In Hole: N Verified: N

Atternate Coordinates

Grid: ALT:

North: -50.00

East: 500.00

EIev: 300.00

Contractor: BRADLEY BROS.

Core Storage: Kidd Creek

casing: 34m Pulled

Hole Size: BQ

Page 1 of 5

Units: METRIC

Collar Dip:

CollarAz:

Length:

Start Depth:

Final Depth:

-50.00

15.00

266.01

0.00

266.01

Jan 07, 2007

Hole Number: BEN43-01

FROM

TO ROCKTVPE

0.00 (CAS) Casing/Overburden TO

34.00

34.00 (2) Mafic Volcanic Rocks TO Fine-grained Intermediate to mafic pillowed

113.20 volcanic rock displaying numerous splendid primary volcanic textures such as hyaloclastite, varioles, coalesced varioles, quarlz-amygdules, flow top breccias, inter-pillow breccias and hyaloclastites. The unit contains numerous hyaloclastite zones (1-3m) that are separated by a thin zone (1Q.3Ocm) of coalesced varioles giving the appearence that n is felsic rock. Individual round varioles of 1 mm size are visible at the contact with the hyaloclastne and these variole become much more abundant towards the core of these zones to a point where the are coalesced and the rock is felsic. This succession of hyaloclastite and variolnic zones is repeted several times all the way to the bottom of the unn. This unit also contains more massive zones that have numerous quartz amygdules.

The rock is hard and is likely silicified and is also locally moderatiy calcite aftered.

113.20 (5) Sed 1m entary Rocks

TO Fine-grained black thinly laminated 118.00 grapMic argilite containing 5-6% pyrite.

The pyrite occurs as thin beds of 1 to 4 mm thick and as oval and irregular shaped nodules. Thin beds of 2 to 10mm thick are dark-gray and are more silicious.

Bedding is 45 degrees to core axis.

118.00 (3) Intermectiate Volcanic Rocks

TO Fine-grained massive intermediate volcanic

235.30 rock. The rock is locally contains plag phenocrysts and also homblende? phenos. A few thin graphitic argilite horizons are present The largest is 40 cm thick and contains 15% pyrite. The rock is moderatiy calcite aftered.

156.50 - 156.90 (5) Sedimentary Rocks

TEXTURE

34.00 -113.20: (VBX) Volcanic Breccia 34.00 -113.20: (P) Pillowed

34.00 - 113.20: (N) VariolnicJSpherulitic

34.00 - 113.20: (EE) AutoclasticJHyaloclastic 34.00 - 113.20: (PBX) Pillow Breccia 34.00 -113.20: (E) AmygdaloidaVVesicular

113.20 -118.00: (TNL) Thinly Laminated

DETAILED LOG FALCONBRIDGE LTD.

STRUCTURE

41.40 - 44.00: (SF) Schistose/Foliated, lost core

113.20 -118.00: (BD) Bedding, 45 Deg toCA

113.20 - 118.00: (GPH) Graphitic/Argillaceous

113.20-118.00: (BD) Bedded

118.00 - 235.30: (A) Fine Grained 171.10 - 171.40: (FZ) Fauft (Fauft Zone), 118.00 - 235.30 (M) Massive 179.60 - 179.60: (FZG) Fauft Zone - Gouge,

156.50 -156.90: (GPH) Graphitic/Argillaceous

156.50 - 156.90: (A) Fine Grained

Page 2 of5

Units: METRIC

ALTERATION MINERALIZATION

34.00 - 113.20: (51) Silicification, (M) Moderate, 34.00 - 113.20: 0.1 % (PO) Pyrrhotite, (D) (P) Pervasive DisseminatedlBlebby

34.00 -113.20: (CC) Galcne (Calcitic M.), (M) 34.00 - 113.20 0.1 % (PY) Pyrite, (D) Moderate, (P) Pervasive DisseminatedlBlebby

113.20 -118.00: 6% (PY) Pyrite, (B) Bedded

118.00 - 235.30: (CC) Calcne (Calcitic M.), (M) 118.00 - 235.30: 0.1% (PY) Pyrite, (D) Moderate, (P) Pervasive DisseminatedlBlebby

118.00 - 235.30: (EP) Epidotization, (M) 118.00 - 235.30: 0.1% (CP) Chalcopyrite, (FVJ Moderate, (5) SpotslMealy FractureNeined Controlled

small vein

156.50 - 156.90: 15% (PY) Pyrite, (B) Bedded also nodules

Jan 07, 2007

Hole Number BEN43-01

FROM

TO ROCKTVPE

235.30 (7) Mafic Intrusive Rocks

TO Medium-grained dark-green massive mafic 266.00 intrusive (Gabbro) locally slightly plag

andior amphibole porphyritic. Rock conatains a minor amount (-0.1 %) of pyrite. This unit could also be a massive recrystallized mafic volcanic unit.

266.001 (EOH) End of Hole TO

266.01

TEXTURE

235.30 - 266.00: (LX) leucoxene Bearing 235.30 - 266.00: (8) Medium Grained

235.30 - 266.00: (PH) Porphyritic locally plag andior amphibole 235.30 - 266.00: (G8) Gabbroic Textured

235.30 - 266.00: (M) Massive

DETAILED LOG FALCONBRIDGE LTD.

STRUCTURE

241.30 - 241.70: (FZG) Fauft Zone - Gouge, 243.70 - 244.10: (FZG) Fauft Zone - Gouge,

ALTERATION

235.30 - 266.00: (EP) Epidotization, (M) Moderate, (5) 5pots/Mealy

235.30 - 266.00: (CHl) Chloritization, f:N) Weak, (P) Pervasive

Page 3 015

Units: METRIC

MINERALIZATION

235.30 - 266.00: 0.1% (PY) Pyrite, (0) OisseminatedlBlebby

Jan 07,2007

I Hole Number: BEN43-01

Assay Information - Exploration

Ag Cu Zn Pb Sample Number Type From To Length ppm gpt gpt gpt

AV03236 ASSAY 111.50 113.20 1.70 0 57 151

AV03237 ASSAY 113.20 114.50 1.30 0 181 588 26

AV03238 ASSAY 114.50 116.00 1.50 0 242 1970 66

AV03239 ASSAY 116.00 117.00 1.00 290 1330 100

AV03240 ASSAY 117.00 118.00 1.00 125 889 33

AV03242 ASSAY 156.50 156.90 0.40 0 365 366 13

AV03243 ASSAY 169.50 169.70 0.20 0 167 114 14

Au Ni ppb gpt

44

115

1 170

24 191

1 93

69 189

36 79

DETAILED LOG FALCONBRIDGE LTD.

Co S S Cd Pd gpt gpt % gpt ppb

32

39

54

62

35

89

120

Page 4 015

Units: METRIC

PI Os Sn Se In Bi ppb ppb gpt gpt gpt gpt Mineralization Alteration Rock Comments

Jan 07, 2fXJ7

~ DETAILED LOG Page 5 015

FALCONBRIDGE LTD.

Hole Number: BEN43-01 Units: METRIC

WRA Information - Oxides

Si02 Ti02 AI203 Fe203 MnO MgO CaO Na20 K20 P205 Cr203 LOI SUM Cr Y Zr Cu Zn Sample Number From To Length Rock CHEMID % % % % % % % % % % % % % ppm ppm ppm ppm ppm Mineralization Atteration Comments

AU08344 47.00 50.00 3.00 53.14 1.16 15.41 7.60 0.15 4.39 7.23 4.74 0.11 0.22 5.32 99.61 393 34 87 31 195

AU08345 74.00 77.00 3.00 51.26 1.27 16.66 9.30 0.20 5.26 7.23 3.80 0.40 0.27 3.84 99.64 334 37 97 41 174

AU08346 104.00 107.00 3.00 48.30 1.28 17.45 9.75 0.22 6.54 6.97 2.69 0.52 0.38 5.02 99.27 336 36 119 3 252

AU08346 140.00 143.00 3.00 50.13 1.13 18.25 7.17 0.22 2.94 7.75 4.42 0.52 0.34 6.26 99.27 403 27 43 3 155

AU08349 182.00 185.00 3.00 48.86 1.10 15.24 10.65 0.21 3.36 8.84 2.79 0.15 0.45 7.58 99.35 254 20 98 210

AU08350 212.00 215.00 3.00 51.74 1.13 17.03 9.58 0.19 4.65 6.81 3.15 0.39 0.48 4.39 99.67 452 25 92 255

AT06143 254.00 257.00 3.00 49.46 1.35 14.23 14.38 0.22 5.08 9.51 2.59 0.84 0.13 1.89 99.78 130 24 97 226 97

Swastika Laboratories Ltd Established 1928 Assaying - Consulting - Representation

Geochemical Analysis Certificate Company: FALCONBRIDGE (EXPL) LTD Project: Attn: D. Rogers

We hereby certify the following Geochemical Analysis of 25 Core samples submitted NOV -22-04 by .

Sample Au PPB - Cu_gpt Zn _ gpt Pb_gpt Number

4W-2653-RGI

Date: NOV -25-04

Ag _ PPM Ni _gpt Co _gpt -------------------------------------------------------------------------------------------AV03226 <2 366 55 1 0.2 103 49 AV03227 <2 20 32 1 0.1 65 22 AV03228 2 9 35 1 0.1 29 18 AV03229 <2 18 31 1 0.1 18 16 AV03230 <2 92 87 1 0.1 67 33 -------------------------------------------------------------------------------------------AV03231 3 43 56 1 0.1 43 13 AV03232 <2 98 91 1 0.1 351 46 AV03233 <2 87 83 1 0.1 56 28 AV03234 <2 88 85 1 0.1 60 30 -V03235 <2 16 55 4 0.1 1910 92

.->1103236 <2 57 151 1 0.1 44 32 AV03237 <2 181 588 26 0.2 115 39 AV03238 <2 242 1970 66 0.2 170 54 AV03239 24 290 1330 100 0.8 191 62 AV03240 <2 125 889 33 0.9 93 35 -------------------------------------------------------------------------------------------AV03241 not rec'd AV03242 69 365 366 13 0.4 189 89 AV03243 38 167 114 14 0.4 79 120 AV03244 <2 145 91 8 0.7 47 23 AV03245 <2 67 78 1 0.1 26 13 -------------------------------------------------------------------------------------------AV03246 AV03247 AV03248 AV03249 AV03250

AV01474 Blank STD OXK18

<2 <2 86

103 75

5 <2

3436

144 100 55 85 57 609 68 1560 62 98

39 94

Certified by

7 0.4 1 0.2

266 0.4 922 0.7

1 0.2

109 0.3

I Cameron Ave., P.O. Box 10, Swastika, Ontario POK ITO Telephone (705) 642-3244 Fax (705) 642-3300

51 28 216 27

29 8 65 26 28 27

72 3

FALCONBRIDGE (EXPL) LTD Attention: D. Rogers

Project:

Sample: Core

Sample Number

AV02930

AV02931

AV02932

AV02933

AV02934

AV02935

AV05475

AV05476

AV05477

AV05478

AV05479

AV05151

AT06143

AT06144

AT06145

AT06146

AT06147

AT06148

AT06149

AT06150

50.39

56.92

51.49

50.73

52.68

53.73

50.89

49.41

45.66

49.48

53.91

62.11

49.46

48.92

49.13

51.57

50.01

47.54

48.20

50.31

Ab03 %

16.64

16.64

17.01

16.60

18.42

16.31

15.30

12.11

15.44

12.84

12.95

0.07

14.23

14.25

14.30

14.94

13.52

14.52

14.80

13.48

9.53

6.19

9.22

6.63

8.01

8.34

10.21

12.49

17.22

13.63

7.33

4.74

14.38

10.86

11.57

10.45

11.65

11.53

11.46

12.12

CaO %

8.45

10.43

9.34

10.36

7.25

8.29

10.54

9.91

12.15

10.69

8.13

0.13

9.51

9.02

10.52

9.51

9.83

9.88

11.49

9.65

MgO %

6.52

2.21

5.18

3.64

4.35

5.02

7.13

9.55

5.22

7.59

9.45

1.10

5.08

7.82

8.39

6.43

8.28

8.71

7.93

8.29

3.03

2.42

2.52

3.24

3.68

2.20

2.00

2.86

1.97

2.80

3.50

0.09

2.59

3.63

1.61

2.76

2.15

2.52

1.58

1.34

0.57

0.15

0.35

0.56

0.39

0.54

0.80

0.58

0.46

0.30

1.03

0.13

0.84

0.30

0.15

0.18

0.22

0.31

0.32

0.27

'Sample AV05151 is not compatible with this method of analysis.

Sample is fused with Lithium metaborate and dissolved in dilute HN03.

Assayer~ ~anada

8282 Sherbrooke St., Vancouver, B.c., V5X 4R6

Tel: (604) 327-3436 Fax: (604) 327-3423

0.91

0.77

1.04

0.64

0.80

1.17

1.47

1.16

0.85

1.10

0.55

0.01

1.35

0.77

0.75

0.92

0.77

0.73

0.74

0.93

ICP Whole Rock Assay Lithium Metaborate Fusion

MnO %

0.15

0.14

0.13

0.13

0.11

0.11

0.37

0.18

0.42

0.23

0.15

0.05

0.22

0.21

0.16

0.13

0.15

0.19

0.24

0.11

0.19

0.12

0.13

0.13

0.12

0.15

0.17

0.17

0.10

0.09

0.24

0.07

0.13

0.08

0.10

0.18

0.10

0.07

0.07

0.09

Cr ppm

246

334

211

163

89

186

325

1018

252

356

924

221

130

317

355

220

303

396

374

271

Zr ppm

104

92

80

85

95

106

94

68

55

68

116

<10

97

47

43

88 46

46

38

57

Page 1 of 1

y ppm

13

11

11

6

15

18

26

21

17

16

10

<5

24

15

13

14

16 13

14

16

Cu ppm

148

112

138

136

119

83

59

81

81

194

83 223

226

151

154

166

176

160

150

163

Zn ppm

108

78

65

82

59

55

91

85

107

91

96

1564

97

67

70

75

65

80

104

117

Ni ppm

214

233

112

143

45

104

75

174

94

137

195

13

72

71

89

80

90

1976

81

64

Co ppm

29

34

31

30

23

25 40

53

45

64

27

<5

33

44

29

25

33

68

37

45

Nb ppm

<10

<10

<10

<10

<10

<10

<10

<10

<10

<10

<10

<10

<10

<10

<10

<10

<10

<10

<10

<10

V ppm

226

223

275

169

224

328

353

299

328

303

166

36

398

294

286

286

310

296

296

326

Report No

Date

Sc ppm

21

19

21

16

17

22

39

45

41

32

15

<5

36

39

37

29

38

39

39

38

Be ppm

<5

<5

<5

<5

<5

5

5

6

<5

<5

<5

<5

5

<5

<5

<5

<5

<5

<5

<5

... I

~ 5W1481 RL

LOI %

3.36

3.77

3.30

7.08

3.94

3.83

0.74

1.18

0.23

0.90

2.18

1.17

1.89

3.83

2.96

2.59

3.02

3.52

2.85

3.07

Jul-12-05

Total %

99.84

99.87

99.81

99.83

99.83

99.78

99.72

99.77

99.83

99.79

99.59

69.87

99.78

99.79

99.76

99.74

99.82

99.83

99.80

99.77

S;,o",.j). L. ;. ~

Assayen FALCONBRIDGE(EXPL)LTD 8282 Sherbrooke St., Vancouver, B.C., V5X 4R6

Tel: (604) 327-3436 Fax: (604) 327-3423 Attention: L. Pigeon

Project:

Sample:

Sample Number

AUOB31B

AUOB319

AU08320

AU08321

AU08333

AU08334'

AU08335

AU08336 AU08337

AU08338

AUOB339

AUOB340

AU08341

AUOB342

AU08343

AUOB344

AUOB345

AU08346

AUOB348

AU08349

AU08350

N06127

AT06128

AT06129

AT06130

AT06131

AT06132

AT06133

AT06134

AT06135

41.73

65.90

45.94

66.99

51.49

51.64

52.08

57.00 58.61

43.94

53.34

56.32

42.73

49.46

34.52

53.14

51.26

4B.30

50.13

48.86

Ab03 Fe203 % %

14.47

14.25

13.76

15.22

14.66

14.96

15.04

17.41

16.31 15.90

14.64

14.05

8.14

13.29

3.15

15.41

16.66

17.45

18.25

15.24

13.39

5.55

12.65

2.22

13.50

13.54 12.74

8.04

7.26

13.15

13.34

12.20

8.02

9.60

9.23

7.60

9.30

9.75

7.17

10.65

CaO %

12.41

2.20

9.48

2.91

4.92

5.18

6.76

3.59

6.11 9.10

6.43

5.33

9.75

5.17

4.02

7.23

7.23

6.97

7.75

8.84

MgO %

4.40

1.57

4.49

1.42

3.76

3.58 3.78

3.87 2.B9

8.66

3.22 3.33

11.29

10.24

32.15

4.39

5.26

6.54

2.94

3.36

2.13

3.67

0.75

1.63

4.18

4.09

4.02

4.54

4.19

1.80

3.50

3.47

0.78

2.56

0.04

4.74

3.80

2.69

4.42

2.79

0.01

1.98

0.46

3.22

0.23

0.43 0.87

1.20

0.81 1.86

0.65

0.75

0.07

<0.01

<0.01

0.11

0.40

0.52

0.52

0.15

0.91

0.47

1.29

0.50

1.31

1.43 1.39

1.08 0.97

0.96

1.36

1.21

0.39

0.59

0.13

1.16

1.27

1.28

1.13

1.10

ICP Whole Rock Assay Lithium Metaborate Fusion

0.28

0.12

O.lB

0.06

0.15

0.17

0.19 0.08

0.06

0.21

0.17

0.17

0.23

0.17

0.12

0.15

0.20

0.22 0.22

0.21

0.09

0.12

0.17

0.11

0.25

0.29

0.28

0.24

0.21

0.11

0.27

0.22

0.07

0.20

0.07

0.22

0.27

0.3B

0.34

0.45

Cr ppm

402

501

176

530

277

377 429

389

580

380

331

252

8636

1890

3285

393

334

336

403

254

Zr ppm

45

226

125

279

170

188

166

150

151 54

203

178

28

64 <10

87

97

119

43 9B

y ppm

35

79

55

85

70

77 72

24

37

32

68

69

16

22

<5

34 37

36

27

20

Cu ppm

205

<5

62

34

72

31 118

<5

<5

102

<5

78

121

104

<5

31

41

<5

<5

<5

Zn ppm

160

123

213

148

242

263 279

79 59

278

255

248

163

237

101

195

174

252 155

210

Ni ppm

188

20

84

21

71

12 46

101

79

333

43 61

4447

506

3958

101

101

<5 160

<5

Co ppm

119

27

93

25

92

93 99

74

77 130

98

78

335

135

205

71

74

<5

129

22

Nb ppm

<10

<10

<10

<10

<10

<10 <10

<10 <10

<10

<10

<10

<10

<10

<10

<10

<10 114

<10

100

5174 ]703 958 68 1 465 3'5 039 1'3 019 048 45' 9' 25 <5 255 <5 <5 S;10

60.3~. __ ~1~3.~9~8 __ ~7.~8~3 ___ 4~.~2~4 __ ~1.~3~8 __ ~3.~0~5 __ ~1~.0~4 __ ~0~.7~1 __ ~0~.2~2 __ ~0~.5~1 ____ ~7~7 __ ~1~5~3 ____ ~2~6 ____ ~<~5~ __ ~17~7 ____ ~<~5~ __ ~<~5~ __ ~67

70.45 12.41 4.90 2.09 1.32 1.93 2.54 0.35 0.08 0.20 488 289 83 <5 141 <5 <5 <10

49.95 14.08 13.61 7.41 6.87 2.13 0.24 1.08 0.18 0.44 220 89 33 <5 558 57 49 <10

69.98 12.36 4.83 2.18 0.87 3.71 1.55 0.30 0.08 0.30 268 285 74 <5 312 <5 <5 70

56.40

52.18

44.26

47.25

47.50

12.09

12.81

11.09 11.04

11.30

7.01

12.70

13.59

15.87

14.25

4.24

5.65

5.55

6.67

6.87

3.09

4.18

12.65

3.74

4.52

1.41

2.98

0.37

2.22

2.01

2.24

0.23

0.04

0.13

0.23

0.57

1.30

0.72

1.35

1.28

0.16

0.16

0.18

0.35

0.22

0.41

0.58

0.43

0.51

0.47

246

<5

749

<5

<5

202

151

64

106

85

47

53 18

53

62

<5

<5

<5

<5

<5

211

318

314

315 397

72

<5

738

<5

<5

<5

<5

79

52

<5

<10

155

<10

<10

<10

Sample is fused with Lithium metaborate and dissolved in dilute HN03.

V ppm

634

65

542

41

421

391

427 341

283

522

4~ ,360

308

437

103

432

484

494

406

404

Report No

Date

Sc ppm

84

21

60

23

51

50

52 29

34 67

52 47

56

65

29

54

62

94

108

100

Be ppm

9

7

13

7

14

15 15

11

10

10

14

11

<5

<5

<5

10

11

8

11

12

4W247\)

Nov-lS-O"

LOI %

9.37

3.82

10.49

4.96

4.96

4.31

2.08

2.61

2.09

3.38

2.34

2.34

16.64

8.12

15.19

5.32

3.84

5.02

6.26 7.58

Total %

99.40

99.75

99.79

99.35

99.55

99.76

99.39

99.78

99.64 99.27

99.40 99.53

99.52

99.76

99.3B

99.61

99.64

99.27

99.27

99.35

481 96 <5 4 39 99.67

167 __ ..:;;5;;.,.0 _-=1;=.2_.5;.::.9.,:.0 ____ ...:9..:;;9,;.:;.3;..:..1

57 31 <5 2.89 99.29

539 124 7 3.11 99.26

54 55 <5 3.31 99.57

197

397

229

700

557

70

87

68

122

120

<5

12

<5

8

<5

11.48

6.38

10.31

10.23

10.44

99.21

99.27

99.41

99.50

99.20

Page 2 of 3 Signed: i.4tufk{ tA.-l..{}-=

ASTRONOMIC

L3013095

I I \ \

FALCON BRIDGE LTD.

ExploraHon Dlvlllon Dmmlns. ON

FrecheviUe 61 Grid PN200

DDH Plan Map (FR-61 Grid)

DDH FR61-01

1:3,500

o 50 100 I~"'iiiiiiiiiii~~~

metres

/)- --

L 3013095

FR61-01 AZI 345 deg., Dip) -50 deg., ength - 242M

3M... _ L 3+00E, 0+75S (593,384ME 5,384,864MN NAD 27)

of ' ......... .

200m

100m

CAS - CaSing/Overburden

1 - Ultramafic Volcanic Rocks

2 - ~aflc Volcanic Rocks

3 - Intermediate Volcanic Rocks

3HT - Heterollthlc Volcanic Rocks

4 - relslc Volcanic Rocks

5 - Sedimentary Rocks

5S - ~asslve - Semi-massive Sulphides

6 - Ultramafic Intrusive Rocks

7 - ~aflc Intrusive Rocks

S - Intermediate Intrusive Rocks

9 - relslc Intrusive Rocks

10 - Diabase Dykes Om

'4 41.

FALCONBRIDGE LTD.

Exploration - Timmins

Kidd-Munro Blake River MegaTEM (PN 200)

Section 3+00E (FR-61 Grid)

DDH FR61-01 (LOOKING WEST)

't/If .. ' ." :

L3013089

BEN43-o1

Az= 015 Dip= -SO Len = 266m

L5+00E , 0+50~ 556,936mE 5,352, 113mN (NAD 27)

\ \ \ \ \ \ \

FALCONBRIDGE LTD.

Explorallon Division nnvnlna. ON

Benoit 43 Grid PN200

DDH Plan Map (BEN-43 Grid)

DDH BEN43-01 --.

1:3,500

o 50 100

metres

z

~ -L 3013089

BEN43-01 AZI 015 deg.. DlpJ -50 deg.. l ~ngth - 266M

~OOm L 5+00E:.,. 0+50$ (556.936ME 5.352.113MN NAD 27)

200m

50M

100m

CAS - Casing/Overburden

1 - Ultramafic Volcanic Rocks

2 - ~aflc Volcanic Rocks

3 - Intermediate Volcanic Rocks

3HT - Heterollthlc Volcanic Rocks

" - relslc Volcanic Rocks

5 - Sedimentary Rocks

5S - ~asslve - Semi-massive Sulphides

6 - Ultramafic Intrusive Rocks

7 - ~aflc Intrusive Rocks

8 - Intermediate Intrusive Rocks

9 - relslc Intrusive Rocks

10 - Diabase Dykes Om

y

FALCONBRIDGE LTD.

Exploration - Timmins

Kidd-Munro Blake River MegaTEM (PN 200)

Section 5+00E (BEN -43 Grid)

DDH BEN43-01 (LOOKING WEST)