Ground Magnetic Geophysical Survey

St. Paul Bay Property

Dome, Fairlie, Baird and Heyson Townships

Red Lake Area, Ontario

NTS 52 N/4

For: Teck Cominco Limited

Tracy Campbell

February 11,2003 Kamloops, BC

'RECEIVEDFEB 1 ^ 2903

6EOSCIENCF ASSESSMENT _____ OFFICE,————.

52N04SW2052 2.25012 DOME010

TABLE OF CONTENTS

Introduction

Geophysical Survey

Cost Statement

Statement of Qualifications

List of Figures

Figure 1 Location Map

Figure 2 Claim Configuration Map

Figure 3 Magnetometer Grid with Station Readings, 1:2500

Figure 4 Contoured Magnetometer Map, 1:2500

1

1

5

6

page 3

page 4

In Pocket

In Pocket

Appendices

Appendix 1 GSM 19 System Specifications

Ground Magnetic Geophysical SurveySt Paul Bay Property

Red Lake Area, Ontario

Introduction

At the request of Teck Cominco Limited, Mtec Geophysics Inc. established 23.150 km of grid and conducted a magnetometer geophysical survey on the St Paul Bay property.

The St Paul Bay property is located 5 km west of Red Lake, Ontario as shown in figure 1. The claims are mainly covered by the waters of Red Lake. Land portions of the property can be accessed via the Buffalo Mines road off of Hwy 105 southwest of Red Lake or via boat on Red Lake.

The St Paul Bay property is owned by Dave Meunier, Box 1624, South Porcupine, Ontario. The property is comprised of 12 unpatented Mining Claims as follows. Claim configuration is shown in Figure 2.

KRL 11 43079KRL 11 43080KRL 1235866KRL 775731

KRL 775725KRL 775726KRL 775727KRL 775728

KRL 963597KRL 963598KRL 963599KRL 963600

Geophysical Survey

From January 28 to February 6, 2003, a ground magnetics survey was conducted on the St Paul Bay property. Grid establishment and magnetometer survey were performed by Mtec Geophysics Inc. of Murillo Ontario supervised by Mike Milani. The survey was designed to define potential north - south trending mineralizing structures within the St Paul Bay property.

The ground magnetic survey was performed using a GEM System GSM-19 model magnetometer. This magnetometer has a sensitivity of 0.015 nanoTesla. A base station magnetometer was utilized to correct for diurnal drift, and two magnetometers were used to take reading every five metres along the lines. A total of 22,330 metres of line were surveyed, including tie and baselines. This accounts for roughly 4,500 readings. Station readings are plotted in Figure 3 and contoured data is shown in Figure 4.

St. Paul's Bay is underlain by a series of volcanic rocks, mostly mafic and ultramafic in composition. There is also a granitic body which has been mapped in the area. The high magnetic values represent magnetite in ultramafic rocks relatively near to the surface. The ultramafic unit crosses the property in an

approximately east-west direction and is broken up by many fault structures, some obviously post mineralization, and some possibly syn-mineralization. The geological model used for exploration on this property has mineralized rocks along the contact between the ultramafic rocks and bounding mafic rocks, in areas of structural complexity. The syn-mineralization structures are thought to destroy magnetite in the ultramafic rocks through hydrothermal alteration, therefore areas of magnetite destruction in close relationship with the mafic- ultramafic contact are considered to be prospective.

There are two main corridors of interest on the property. The first main zone of interest is on the west side of the survey area, between 435480 east, 5652200 north and 435600 east, 5652400 north. The second area of interest is between 436400 east, 5652400 north and 436500 east, 5652250 north. Where these corridors cross the mafic/ultramafic contact zone should be drill tested for prospective mineralized zones.

"""'.rDale ' Time of Issue. Fri Jan 10 16 14 08 ?ST 2003

TOWNSHIP / AREA PLAN

HEYSON G-3736

ADMINISTRATIVE DISTRICTS l DIVISIONS

Mining Division Red LakeLand Titles/Registry Division KENORAMinistry of Natural Resources District RED LAKE

TOPOGRAPHIC Ur-d Ter

LAND TENURE WITHDRAWALS

IMPORTANT NOTICES

LAND TENURE WITHDRAWAL DESCRIPTIONS

General Information and Li

ST. PAUL BAY PROPERTY

LOCATION

RED LAKE AREA, ONTARIO

Figure 1

ONTARIO ::±f rC A N A DA IWWBOW* or net

Mining Land Tenure Map

/'k^LWSa ""

Rei

Paul Bay Property)

Onto / Time o* bsu*. Tllu Jan 09 163521 EST 2003

TOWNSHIP ( AREA PLAN G-3731

ADMINISTRATIVE DISTRICTS ( DIVISIONS

Mining Division Red LakeLand Tilles'Registiy Division KENORAMinistry of Natural Resources District RED LAKE

LEGEND

ST. PAUL BAY PROPERTY

CLAIMS

RED LAKE AREA, ONTARIO

Figure 2

Cost Statement

Mob/Demob S 500.00

Grid EstablishmentMtec Geophysics Inc. S 5,159.37

Magnetometer SurveyMtec Geophysics Inc. S 2,662.25

Data AnalysisTracy Campbell, S 800.00

TOTAL__________________________S 9.121.62

Statement of Qualifications

l, Tracy John Campbell, do certify that

l am a Professional Geophysicist registered with the Association of Professional Engineers and Geoscientists of British Columbia, registration number 20276.

l graduated from the University of Alberta in Edmonton, in 1985 with a Bachelor of Science Degree in Physics and Mathematics.

l have been employed as a geophysicist continuously for the last 15 years.

The data contained in this report and conclusions drawn from it are true and accurate to the best of my knowledge.

Tracy J. Campbell ; , Senior Geophysic'tsiV^;^;X Teck Cominco Limited Kamloops, British Columbia

Appendix 1

Equipment Specifications

Performance

Resolution: Relative Sensitivity: Absolute Accuracy: Range: Gradient Tolerance:

Std. Magnetometer: With 3 VLF stations: Base Station: Gradiometer: With 3 VLF stations:

Manual:

Base Station:

Walking:

Hip Chain:

Remote Control: Input/Output:

Power Consumption:

Overhauser0.01 nT0.02 nT0.2 nT20,000 to 120,000 nTOver 10,000 nT/m

Proton0.01 nT0.2 nTInT20,000 to 120,000 nTOver 7,000 nT/m

Storage Capacity (readings)Overhauser32,000 to 131,000 12,000 to 58,000 170,000 to 700,000 25,000 to 110,000 12,000 to 46,000

Proton16,000 to 32,000 6,000 to 12,000 84,000 to 170,000 12,000 to 25,000 6,000 to 12,000

Operating ModesCooidinates, time, date and reading stored automatically at a minimum 3

l second interval.. ;; s^||p:^';:. ^ ;; *f.;* [^.Tune, date and reading stored at 3 to 60 second interval (higher speedsavailable).Time, date and reading stored at coordinates of fiducial with 0.5, l or 2second cycle time.Equidistant coordinates, time, date and reading stored automatically.Distance interval of readings is programmable.Optional remote control using RS-232 interface.RS-232 or analog (optional) output using 6 pin weatherproof connector.

Operating ParametersOnly 2 Ws per reading for Overhauser, and 12 Ws per reading for Proton magnetometer. Will operate continuously for 45 hours on standby.

Power Source: 12V 2.6 Ah sealed lead acid battery standard, other batteries available.Operating Temperature: Overhauser: -50"C to 4-60"C. Proton: -400C to +600C.

Dimensions:

Weight:

Performance:

Measurement:

Features:

Dimensions:

Dimensions and Weight* Console 223 x 69 x 240 mm.* Sensor 170 x 71 mm diameter cylinder. Omnidirectional sensor 180 x 80mm.* Console 2. l kg.* Sensor and staff assembly 2.0 kg.

A Standard package includes a console with batteries, harness, battery charger, case, sensor with 2m cable, and staff.

Omnidirectional VLFResolution Q.5% and range to +J- 20096 of total field. Frequency 15 to 30kHz.Vertical in-phase 6c out-of-phase as a percentage of total field, 2 horizontalcomponents, coordinates, date, and time.Up to 3 stations measured automatically, in-field data review, displaysstation field strength continuously, and tilt correction for up to +J- 100tilts.160 x 150 x 150 mm and weighs only 1.3 kg.

ONTMIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES

Work Report Summary

Transaction No: W0320. 00259

Recording Date: 2003-FEB-14

Approval Date: 2003-FEB-20

Client(s):

169976 MEUNIER, DAVID

Survey Type(s):

LC

Status: APPROVED

Work Done from: 2003-JAN-28

to: 2003-FEB-06

MAG

Work Report Details:

Claim*

KRL

KRL

KRL

KRL

KRL

KRL

KRL

KRL

KRL

KRL

KRL

KRL

775725

775726

775727

775728

775731

963597

963598

963599

963600

1143079

1143080

1235866

Perform

5684

5821

5821

5730

5912

5912

5639

5730

5637

5684

5639

5912

59,121

External Credits:

Perform Approve

5684

5821

5821

5730

5912

5912

5639

5730

5637

5684

5639

5912

59,121

SO

Applied

5800

5800

5800

5800

5400

5400

5400

5400

5400

5800

5800

5400

57,200

Applied Approve

5800

5800

5800

5800

5400

5400

5400

5400

5400

5800

5800

5400

57,200

Assign

SO

521

521

SO5421

50

50

5050SOSOSO

5463

Assign Approve

0

21

21

0

421

0

0

0

0

0

0

0

5463

Reserve

50SOso50

591

S512

5239

5330

5237

50

505512

51,921

Reserve Approve

5050SOSO

S915512

5239

5330

S237

50

50

5512

51,921

Due Date

2004-FEB-20

2004-FEB-20

2004-FEB-20

2004-FEB-20

2003-FEB-27

2003-DEC-03

2003-DEC-03

2003-DEC-03

2003-DEC-03

2004-SEP-24

2004-SEP-24

2003-DEC-31

Reserve:51 ,921 Reserve of Work

51,921 Total Remaining

Report#: W0320.00259

Status of claim is based on information currently on record.

52N04SW2052 2.25012 DOME 900

2003-Feb-21 16:15 Armstrong^ Page 1 of 1

Ministry ofNorthern Developmentand Mines

Date: 2003-FEB-20

Ministere du Developpement du Nord et des Mines Ontario

GEOSCIENCE ASSESSMENT OFFICE 933 RAMSEY LAKE ROAD, 6th FLOOR SUDBURY, ONTARIO P3E 6B5

DAVID MEUNIERP.O. BOX 1624403 DOME STREETSOUTH PORCUPINE, ONTARIOPON 1 HO CANADA

Tel :(888)415-9845 Fax:(877)670-1555

Dear Sir or Madam

Submission Number: 2.25012 Transaction Number(s): W0320.00259

Subject: Approval of Assessment Work

We have approved your Assessment Work Submission with the above noted Transaction Number(s). The attached Work Report Summary indicates the results of the approval.

At the discretion of the Ministry, the assessment work performed on the mining lands noted in this work report may be subject to inspection and/or investigation at any time.

If you have any question regarding this correspondence, please contact LUCILLE JEROME by email at lucille.jerome@ndm.gov.on.ca or by phone at (705) 670-5858.

Yours Sincerely,

Ron GashinskiSenior Manager, Mining Lands Section

Gc: Resident Geologist

David Meunier (Claim Holder)

Assessment File Library

David Meunier (Assessment Office)

Teck Cominco Limited (Agent)

Visit our website at http://www.gov.on.ca/MNDM/LANDS/mlsmnpge.htm Page: 1 Correspondence 10:17979

ONTARIOCANADA

MINDTftV OF MOKTHERN MVtUJpHtKT AND MIN(I

PROVINCIAL HININORECOROCR'I OFFICE

Mining Land Tenure Map

, f"' : " .- ''-; ': ''i, '1165111-nw

UOfOOE

S65UUOON

re*3?fc

43MOOE 436000E 4400006

UTM Zona 15 SGOOflr gnfl

Those wishing to si a ne mining dalms t h and consul! with the Provincial Mining Recordors1 Offlco of Iho MlnlSiry of Nortrmrn Cavalonnienl ond Mines for addlllonal Qaneral Information and Limitation!Contact Information: Prcyindsl Mining Racordert' Office Will M Caw Minor Cenlrn (33 Rnmasy Lnka f? o ad Sudbury ON PSEB66 Honiu Patic: iww

information on the aratui of thA lands *hown horwm. Ttil^ map l? not Intunded tor navlcHllonal r turvtryp or lurid Clda determination purpn^:^hown on Ihitmap IB compiled from variou* f OUFCM. Completen*aa arid accuracy a r* not ggarantatd, Additional wtfbnrm&on may aisc b* obtained thrcughthtlocal Lnr?d Tllle* or Raglotry Ones, of the Mlnlatty of Natural Revcuroea.

ris from the Minifltry of NorthernTha infom^tlon shown IE denvfld from digital data aval^bl* If) the Provincial Mining Rtcordvrs1 Offlc*at ttia tlm^ol cl Dovetoprnynl find Mines web dill}.

Thlsm^p may not nhow unreal stored land l^iiura and Interests inT O H F,e. Map Datum: NAD 83 lanl) indudlno cislsln pfltiirHs, kaims Hnnime'ilii. ligtrt of nsys, Tol: l (888) 416-0445 ol 57ito|Dclic.n. UTM (B dograsj flooding rightt, lictncK, ar other form* o) diapoaition of rights nnd Fit: 1 ((177) 070-1444 Topaursptiic Dsla Sournt: l and Information Ontario Intera* from Irm Crown. Also certain land (anura and land usoj

Mlolng Land Tenure Sourot: Provincial Minlnj R*cordwj' OWte *i"t ™i*rl(t or prohibit frae enny to stoke mining datn s may not bB im il .iKralad.

- Thu Feb 20 1 1:2726 EST 2003

TOWNSHIP ; AREA FAIRLIE

PLAN G-3731

ADMINISTRATIVE DISTRICTS ; DIVISIONS

Mining DivisionLand Titles/Registry DivisionMinistry of Natural Resources District

Red Lake KENORA RED LAKE

TOPOGRAPHIC Land Tenure

Lol

SurFcwu And Mimnq R yt

5uiflnjc RitfhtB Only

Winirm RiylrtB Oily

Mining Ri g fit* Only

pNtkiii

'JH4 Nol fipwrftwi

Surfac.* And Mining Riflrite

SurlKfl Rigms Only

Mining ftjghtl Onfy

Lund LJiaf'srFnr

Qrd*f In Cffljfirtl (Not opurr for fll

piled Only Mi

LAND TENURE WITHDRAWALS

Mining Arts Wilhotdwni Typ*s

hui (Jily Wlihd rahvn Wffl karling Rlflli!*, Only WiUwii^d

Cfd*r l n Caunti! W"am Surbce AltiJ Mnn W's Surfarj HlflM* rjtlly WtthONwr- W"m Wnifift HKlhW Om V Wlidrawn

IMPORTANT NOTICES

52K04SW2052 2.25012 DOME 200

In S

oH

V®faMW®

775728 775725 1235866 963598

Red Lake^

wgig^^

^^

775731 963599775726775727

96360011430801143079

963597?^5^^^***y*^

-93"53'45"

Figure 3

Magnetic Field Information

Survey Date: January, 2003 Total Field: 58956 nT Inclination: 76.75 degrees Declination: 1.19 degrees

50

Scale 1:250050 100 150

metresWD83 1 UTM zone 1SH

Teck Cominco LimitedSt. Paul Bay Project

Residual Magnetic Field Data Base Station Removed

T. Campbell, February 7th, 2003

toMO

(O U1o

775728 775725 1235866 963598

Red

9635

43070V v^

-93'53'45"

M W O

Figure 4

Magnetic Field Information

Survey Date: January, 2003 Total Field: 58956 nT Inclination: 76.75 degrees Declination: 1.19 degrees

50

Scale 1:2500 so 100 150

mstres

Teck Cominco LimitedSt. Paul Bay Project

Residual Magnetic Field Data Base Station Removed

7. Campbell, February 7th, 2003