November 19, 2003gis.geosurv.gov.nl.ca/geofilePDFS/Batch2016/012A_1623.pdfGold Zone where an interpreted mylonitic unit with associated alteration zones are present as well as gold

Government of Newfoundland and Labrador Department of Natural Resources

Mineral Lands Division

Geological Survey No:

Registry File Nos:

Confidential Until:

Mineral Rights:

□ Licence □ Extended Licence □ Impost □ Mining Lease □ Regional □ Other

Licence/Property

No. of Claims Assessment Year

Date Issued

NTS Map

Continued next page □ Yes □ No Number of Volumes:

Digital Copy Only □

Enclosures (indicate number of each): CD: DVD: Flash drive: Paper Maps: Other: Received: Comments:

Signed: Date:

774:3369, 774:3369, 772:29:14:35

2015-12-11

14905M 114 14 1999-01-29 12A06

14909M 243 14 1999-01-29 12A06

RL-228 7284.958 2012 1904-05-07 12A/11

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012A/1623

Government of Newfoundland and Labrador Department of Natural Resources

Mineral Lands Division

Geological Survey No:

Registry File Nos:

Confidential Until:

Mineral Rights:

□ Licence □ Extended Licence □ Impost □ Mining Lease □ Regional □ Other

Licence/Property

No. of Claims Assessment Year

Date Issued

NTS Map

Continued next page □ Yes □ No Number of Volumes:

Digital Copy Only □

Enclosures (indicate number of each): CD: DVD: Flash drive: Paper Maps: Other: Received: Comments:

Signed: Date:

774:3369, 774:3369, 772:29:14:35

2015-12-11

14905M 114 14 1999-01-29 12A06

14909M 243 14 1999-01-29 12A06

RL-228 7284.958 2012 1904-05-07 12A/11

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2012-12-11

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012A/1623

13TH YEAR ASSESSMENT REPORT (2012 WORK)

Prospecting & Mapping

From October to November, 2012

on the

Tulks South Property

Central Newfoundland, NTS 12A/06 and 12A/11

Total Expenditures: $41,026.84

Licence 14909M (243 claims): $33,163.07

Licence 14905M (114 claims): $3,326.50

and

Reid Lot 228 (7285 hectares): $4,537.27

Owned by:

Messina Minerals Inc.

By

Peter Tallman, P.Geo. and Alexandria Marcotte


2300 – 1066 West Hastings Street

Vancouver, British Columbia, V6E 3X2

Dated for Reference: December 11, 2012

2

TABLE OF CONTENTS

1. Summary Pg. 3

2. Introduction Pg. 5

3. Reliance on Other Experts Pg. 5

4. Property Description and Location and Status Pg. 5

5. Accessibility, Climate, Local Resources, Infrastructure & Physiography Pg. 8

6. History Pg. 9

7. Geological Setting Pg.13

8. Deposit Types Pg.17

9. Mineralization Pg.17

10. October to November 2012Exploration – Messina Minerals Pg.19

11. Sample Preparation, Analyses and Security Pg.21

12. Adjacent Properties Pg.23

13. Interpretation and Conclusions Pg.23

14. Recommendations Pg.24

15. Personnel and Contractors who Performed Work on the Property Pg.26

16. Statement of Expenditures Pg.26

17. References Pg.27

18. Certificate of Author Pg.28

LIST OF FIGURES

Figure 4.1 Property location map of Tulks South Pg.6

Figure 4.2 Claim Location sketch Pg.7

Figure 7.1.1 Regional Geology of the Victoria Lake Supergroup Pg.15

Figure 7.3.1 Tulks South Property Geology Pg.16

Figure 10.1.1 Prospecting sample location – 2012 Pg. 20 Figure 10.2.1 Eagle geological map Pg.21

LIST OF TABLES

Table 4.1 Summary of Tulks South Property Claims Licenses, Central NL Pg. 7

LIST OF APPENDICES

Appendix I 2012 Prospecting Assay Certificates

Appendix II RSRF sample report 2012

Appendix III Tulks South geology map

Appendix IV 2012 Prospecting location map

Appendix V Eagle geology map

3

1. Summary

The Tulks South Property covers the southern portion of the Tulk's volcanic belt (“TVB”)

located 40 kilometers south of the formerly producing Buchans mine in central Newfoundland.

Messina’s Tulk's South property (as acquired from Noranda, now Xstrata) includes Reid Lot 228

(RL 228) and map staked mineral Licences 14905M and 14909M. Prospecting was conducted on

licenses 14905M and 14909M, as well as Reid Lot 228. Mapping was conducted on the Eagle

Gold Zone on license 14909M.

The Tulks volcanic belt is similar to other volcanic belts in eastern Canada, which host

significant volcanogenic massive sulphide (“VMS”) accumulations ± precious metals. Teck

Resources’ Duck Pond mine is the closest VMS deposit currently in production; its mining

reserves are expected to be depleted by early 2015.

Tulks Resources Ltd optioned the Tulk's South property from Noranda in 1999, and in 2001

Windarra Minerals acquired the option on the property from Tulks Resources. Windarra then

transferred the option to Mishibishu Gold Corporation in 2002. In 2003, Mishibishu Gold

Corporation changed its name to Messina Minerals Inc. In early 2006 the monetary

requirements of the Noranda option agreement were met by Messina. Since optioning the

ground as Tulk's Resources in 1999, Messina Minerals Inc. and its related companies have spent

approximately $21 million on the Tulk's South property.

Six significant massive sulphide prospects have been identified in the Tulk's South area:

Tulks East (on Reid Lot 228), Middle Tulk's, Boomerang (discovered by Messina in 2004),

Domino and Hurricane (discovered by Messina in 2006), and Curve Pond.

Historically the focus of exploration on the Tulks’ South property has been on base metals.

The primary objective of the 2012 exploration work was to follow-up on perspective gold

showings which have been discovered in the area (with little to no follow-up) over the last

30 years. Work consisted of prospecting the property along an interpreted regional thrust

fault and mapping was focused on the Eagle Gold Zone.

123 prospecting rock samples were collected, labeled, field-described, and brought back to

the Messina Field office in Buchan’s Junction. Samples were collected on the property

between Pat’s Pond to the south and Red Indian Lake to the north, as well as on the

Southeast corner of RL228. The 123 samples were cataloged in a Rock Sample Report Form

and sent to Eastern Analytical in Springdale, Newfoundland for analysis. All samples were

assayed for gold, including 10 samples which were additionally assayed for base metals.

43 of the 123 prospecting samples came back anomalous for gold (>20 ppb Au). The 43

samples ranged from 20 ppb Au up to 43.8 g/t Au. 16 of the anomalous samples where

from outcrop with the highest grade being 23.6 g/t Au. The area between Pat’s Pond South

running NE to the Eagle Gold Zone contained the majority of the anomalies. The anomalous

samples were hosted in either quartz veins or highly altered (strong to intense silica,

chlorite, and/or sericite) host rock (felsic or mafic).

Mapping at the Eagle zone was successful in building upon the 2003 data and further

delineating the mylonite zone. The mylonite zone is interpreted to be 1.4km along strike

(240°) and contains anomalous gold (up to 59ppb in outcrop). The mylonite is interpreted

4

to be an intensely silicified and deformed felsic tuff. Three generations of quartz veining

were historically mapped; one generation magnetite bearing, a second generation hematite

+ pyrite bearing, and the third barren.

Given the positive anomalous gold results from both the 2012 and historic work further

work on the Eagle zone is recommended. This includes detailed field mapping (de-watering

of historic trenches which were had no work done on them), prospecting, and thin section

work to better understand the gold mineralization.

The results from the prospecting program highlighted several areas where follow up work is

recommended. In particular is the area around Pat’s Pond northeast along the south side of

Tulks West Pond to the Eagle Gold Zone. This zone follows the regional structure. Several

areas, including the Boomerang North area as well as the Pat’s Pond area had >100ppb Au

in outcrop. Recommended work includes mapping (focus on better understanding the

structures in the area with respect to regional and local foliations and faults) and additional

prospecting in the immediate and surrounding vicinity of the anomalous gold outcrops.

Trenching is recommended in areas with positive results.

Investigation into potential for gold in the Long Lake properties is also recommended. The

Long Lake properties border Marathon Gold’s Valentine Lake properties and very little work

focused on gold has historically been completed is the area.

A total of $41,026.84 of assessment expenditures were made on the Tulks South property

during October and November 2012.

5

2. Introduction

The Tulks South property consists of 648 claims which Messina Minerals Inc. earned a 100% interest

in from Noranda Inc. (now Xstrata), subject to certain back in rights and/or a 2% NSR. The

property includes Reid Lot 228 (RL 228) and map staked mineral Licences 14905M and 14909M.

Since optioning the ground as Tulk's Resources in 1999, Messina Minerals Inc. and its related

companies have spent approximately $21 million on the Tulk's South property. Including the

work of previous companies, from 1976 to 2009 inclusive, approximately $28 million has been

expended.

The contained overview of the Tulks South Property is based upon assessment report and

work report documents by Messina, Noranda Inc., and public assessment files available from the

Newfoundland government. This assessment focuses on gold in the base metal-rich Tulks South

Property. For detailed geology of the Boomerang deposit and base metal exploration please

refer to Messina’s 2008 Tulks South Property assessment report or the Snowden Group

(2007)completed NI43-101 compliant review of the project.

Historically the exploration focus in the Tulks South Property has been on base metals with limited

gold exploration. No regional gold exploration program has ever been undertaken however limited

exploration work has been completed on a few gold prospects. Midas Pond was briefly explored for

gold during the mid-1980s and again in 2002. The Eagle gold zone was discovered in 2004 as well

as the RL228 gold zone however Messina discovered its Boomerang deposit shortly after and

ceased gold exploration (with the exception of gold in the VMS deposits).

The primary objective of the 2012 exploration work was to complete an initial prospecting

program over the whole property with a focus on gold. The focus included prospecting over

interpreted regional thrust faults and known gold showings. Mapping focused on the Eagle

Gold Zone where an interpreted mylonitic unit with associated alteration zones are present

as well as gold in-soil anomalies and gold in prospecting, trenching, and drilling samples.

3. Reliance on Other Experts

This document relies on internal company data as well as assessment records of previous

exploration efforts conducted on the Tulks South property (Abitibi, BP Resources, and

Noranda). The Newfoundland Department of Natural Resources (“NDNR”) provided

additional information from NDNR Current Research, Open File reports, and other academic

publicly available information. All are listed in “References”.

4. Property Description, Location and Status

The Tulks South property consists of 357 mineral claims (8925 hectares) in two Mineral Act

map staked licenses (14905M and 14909M) issued January 29, 1999 plus Impost Act Reid

Lot 228 (291 claims, 7275 hectares) issued in 1903. Messina Minerals Inc. (“Messina”) holds

a 100% interest in these mineral titles. The property is located in central Newfoundland on

NTS map sheets 12A/6 and 12A/11 approximately 40 km southwest of the town of Buchans

(Figure 4.1).

All mineral titles within the Tulks South property are currently in good standing and will

remain so without additional expenditures until 2015 for Reid Lot 228 and at least 2019 for

14905M and 14909M. (Figure 4.2, Table 4.1).

6

Figure 4.1: Property location map for the Tulks South Property (outline in yellow) located

within the Glitter Property (Messina, 2012)

7

Figure 4.2: Claim Location Sketch of 014909M and 014905M (Messina, 2012)

Table 4.1:Summary of Tulks South Property mineral titles.

Title Type of Title NTS # # of

Claims

Area (Ha) Control

Under

Anniversary

Date 14905M Map staked 12A/06 114 2850 Mineral Act 29-Jan

14909M Map staked 12A/06 243 6075 Mineral Act 29-Jan

Reid Lot 228 Impost Act 12A/11 291 7285 Impost Act 31-Dec

Xstrata (formerly Noranda) retains the right to “back-in” for a 50% interest in the property or

portions thereof, by paying 150% of the preliminary feasibility study costs incurred. This is

exercisable only if a ‘Reserve Report’ in any “Preliminary Feasibility Study” identifies a resource or

reserve totaling 10 million tonnes with respect to a base metal deposit and/or 1 million ounces

gold with respect to a base metal or precious metal deposit. If Xstrata elects not to exercise its

back-in right, it retains a 2% net smelter return royalty derived from any production from the

property. Xstrata also retains the right to purchase up to 100% of ore or concentrate produced

from the property on commercially competitive terms.

Tulks Resources retains a 0.5% net smelter return royalty on Messina’s share of production

from the property payable from Messina’s share of the proceeds of production. Various

mechanisms exist for Messina to purchase all of the Tulks Resources royalty at any time for

Messina common shares. Windarra Minerals retains a 2% net smelter return royalty on

production from the property capped to a total of $2 million.

8

There are no known or pending native land claims in the area, nor are there environmental

or archeological exclusions or sensitive areas within the property. Surface land rights plus

all forest timber rights and road and bridge networks are owned by the provincial Crown as

of 2009 following expropriation from Abitibi.

There is one individual freehold cabin owner (from Point Leamington) within the claims plus

several non-permitted annual hunting camps based in “mobile” parked buses. These people

do not significantly affect exploration activities and Messina has established relationships

with most of them. The provincial Wildlife Division of the Department of Environment and

Conservation maintains two cabins within the property (Pats Pond and Glitter Pond camps)

for the purpose of seasonally monitoring hunting and fishing activities.

5. Accessibility, Climate, Local Resources, Infrastructure and Physiography

5.1 Accessibility

The Tulks South property is located 60 km to the southwest of Millertown in Central

Newfoundland. The property is a 1.5 hour drive from Route 370 through Millertown or a 2 hour

drive from Corner Brook along Route 480 (Burgeo Highway). The closest airport is Deer Lake

(Corner Brook) with national airlines flying regular service from St. John’s, Halifax, and Toronto.

The property is accessible by numerous forestry roads maintained by the Newfoundland

Labrador Government which connect to the Trans-Canada Highway by provincial highway routes.

The forestry roads run along both the north and south side of Red Indian Lake from Buchans and

Milletertown, respectively, and connect at the south end of Red Indian Lake. Another forestry road

connects the Burgeo highway (35 km west of to the south end of Red Indian Lake) to the Red

Indian Lake forestry roads at the Llyods River Bridge. Numerous other forestry roads crisscross

the property making it easily accessible by pickup truck and allowing for year-round exploration.

5.2 Climate

Climate conditions at the Tulks South property are temperate with snow and ice free

summer months between May and September. Typical seasonal variations include snowy

winters from November to April and summers from May to September. Precipitation is

moderate in fall and spring, heaviest in winter, with frequent dry summers. Serious snowfalls

do not usually begin until mid to late December and last until early April. Freezing conditions

of –1° to –10°C occur from January to mid-March. All phases of exploration work including

geophysics and diamond drilling can be carried out year-round.

5.3 Local Resources

Millertown is located 75 km by road (south side of Red Indian Lake) from the property with a

population of 100 and is a local labour source. Millertown marks the end of the paved highway

and has accommodations, gasoline, and telecommunications. The former mining town of

Buchans is located 65 km by road (north side of Red Indian Lake) from the property with a

population of 800 and is also a local labour source. Buchans has accommodations, grocery,

gasoline, a hardware store, and a health center. The Department of Natural Resources also has

a core repository in Buchans. Grand Falls-Windsor, 155 km by road, is the regional center for

industry and government with a population of 13 500 and the nearest hospital. Field supplies

and heavy equipment are also available there.

9

5.4 Infrastructure

Local infrastructure includes the 18MW Star Lake hydroelectric generating unit previously

privately owned by Abitibi Consolidated and now owned by the Newfoundland government.

The hydroelectric station is located within seven km of the Tulks South Property.

A trans-island 230-kV power lines runs adjacent to the west side of the property from Bottom

Brook (Stephenville) to Buchans. The lines are 2.5 km north of the property and an electrical

switchyard is located near Buchans. An additional 138-kV line runs from Stephenville to Burgeo

passing within 40km of the property.

Teck’s Duck Pond copper-zinc mine currently in operation is located 50 km to the east-

northeast. The Tulks South Property is directly connected to Duck Pond by a main logging

road.

The permanent Boomerang (Pat’s Pond) camp is located within the property on NTS map

sheet 12A/06, UTM NAD83 coordinate 471916E, 5362045N. The Boomerang camp was

originally leased from Abitibi Consolidated and is a 45-man camp with kitchen, septic, and

water facilities.

5.5 Physiography and Wildlife

The Tulks South Property, ~350m elevation, is characterized by undulating hilly areas of

moderate relief within the northeast flowing Victoria and Tulks River systems. Vegetation

consists of spruce and fir forest with 25% bog and scrub. The region is covered with a thin

veneer of Pleistocene glacial till and outwash deposits typically 2 to 10 m thick but reaching 30 m

thick locally. Bedrock exposure ranges from small areas of high outcrop density (on hills) to

large areas with few exposures (particularly within the Tulks Valley).

The area is home to abundant moose, caribou, black bear, and hare, which are all hunted

seasonally. Several species of trout, “landlocked salmon” (Ouananish) and local char are

present in Red Indian Lake as well as most ponds and brooks. Atlantic salmon have recently

been introduced (1990’s) into the Red Indian Lake watershed and are present in small numbers.

6. History

6.1 Ownership history

Mineral rights now covered by the three map staked licenses and Reid Lot 228 comprising the

current Tulks South property originated as two Newfoundland crown grants or “concessions”

deeded around the turn of the century by the then national Newfoundland (British) colonial

government. The Newfoundland government granted subsurface mineral rights, forestry timber

rights, and surface water rights to the Reid Lots and to a larger contiguous property known as

the Anglo Newfoundland Development Charter Lands.

The “Reid Lots”, totaling some 6,000 square miles of land in central Newfoundland were granted

in 1897 to R.G. Reid, a railway engineer, on condition that he complete the trans-Newfoundland

railway. These lands were granted “fee simple” meaning “an estate limited absolutely to a man

and his heirs and assigns forever without limitation or condition” (Swanson, Strong, and Thurlow,

eds., 1981).

10

The Anglo Newfoundland Development Company Limited (“AND Co.”)(owned by Newfoundland

Timber Estates and the Harmsworth Publishing family of England) in 1905 was granted a

renewable 99 year lease to the timber, water, and mineral rights of some 2,000 square miles of

land not already covered by the Reid Lot concessions in central Newfoundland. The lands were

sought principally for water and timber rights to support a pulp and paper venture but mineral

rights were also acquired in the hopes that sulphur (pyrite) deposits would be found to

supplement the paper making process.

The AND Co. vested the mineral rights to this tract of land, including the area of the Tulks South

Property claims, in 1905 to Terra Nova Properties Limited (“TNP Ltd.”). In 1926, American

Smelting and Refining Company (“Asarco”) negotiated from TNP Ltd. the right to explore and

develop any ore body within a 20 mile radius of Buchans, where prospector Matty Mitchell had

recently discovered massive base metal sulphides. The Asarco-TNP Ltd. agreement was

renegotiated later in 1926 to include a 30-mile radius for a period of 50 years. It was probably at

this time that various Reid Lots within the Asarco joint venture area were optioned such that

Reid, through his corporation Reid Newfoundland Company, retained a 7.5% net profits royalty

on mineral production from Reid Lot 228 (among others). In 1976, ownership of the AND Co.

mineral lands reverted to Abitibi-Price Company (the successor company of TNP Ltd.) when the

Asarco-TNP Ltd. agreement expired.

In September 1985, BP Resources Canada Ltd. (“BP”) purchased the mineral rights to the AND

Co. lands and several Reid Lots including RL228 from Abitibi-Price. The sale took place at a time

when the BP-owned Hope Brook gold mine in southern Newfoundland was being delineated, the

price of gold was at a relative high, and the AND Co. lands had not previously been explored for

precious metals. In 1991, following the downturn in commodity prices and disappointment in

the profitability of Hope Brook, BP suspended all exploration and put its mineral assets in Canada

up for sale.

Noranda in 1975 began an extensive exploration program in the adjacent Tally Pond volcanic belt

which led to the discovery of massive sulphide bodies at the Boundary Deposit in 1981 and the

Duck Pond Deposit in 1986. In February 1993, Noranda Exploration Co. Ltd. purchased the

mineral rights to the AND Co. lands (including the Reid Lots) from BP to augment its exposure

to base metal resources within trucking distance of Duck Pond. However, in 1995-1996,

Noranda acquired a large ground position in the vicinity of Voisey Bay which annually consumed

a large portion of the eastern Canada exploration budget. Noranda closed its Newfoundland

office in 1998. By January, 1999 Noranda had converted a large portion of the former AND Co.

concession lands to map-staked mineral claims by utilizing amendments to the

Newfoundland Mineral Act designed to facilitate this transition. By the end of 1999, Noranda

had optioned, sold or relinquished all Newfoundland mineral assets including interests in the

Tulks South Property, as well as Tally Pond, Reid Lots, and the former AND Co. charter area.

On July 16, 1999 Tulks Resources Ltd., a private Newfoundland company, acquired the right to

earn a 100% interest in the Tulks South Property and Reid Lot 228, by spending enough to meet

assessment requirements in the first year and a total of $1,750,000 over five years. Noranda

retained a 2% net smelter return royalty from all minerals produced from the property, or the

right to back in for 50% under certain conditions. Tulks Resources Ltd. entered into an

agreement with Windarra Minerals Inc. in March 2001 whereby Windarra acquired all the rights

to and assumes all the obligations of Tulks Resources Ltd. under the original Noranda-Tulks

11

agreement. In early 2002 Windarra transferred all of its interest in the Tulks South Property and

Reid Lot 228 to Mishibishu Gold Corp in return for a capped 2% NSR. In 2003 Mishibishu Gold

Corp. changed its name to Messina Minerals Inc.

6.2 Exploration history

Alexander Murray, for the Geological Survey of Canada, undertook the earliest recorded

exploration work in the area in 1871. Murray identified sedimentary rocks along the Exploits

River and greenstones along Red Indian Lake. Prospector Matty Mitchell, working on the AND

Co. concession area north of Red Indian Lake, discovered the first of the Buchans ore bodies

ca. 1905 – 1910.

Asarco - Abitibi: 1926-1976

From 1926 through 1975, the AND Co. charter lands were mapped in piecemeal fashion at

1:12,000 scale by Asarco. However, no exploration (excluding mapping) was conducted in

the Tulks South Property area prior to the early 1960’s due to poor access. In the early

1960’s, Asarco initiated reconnaissance stream and soil sampling and prospecting which resulted

in the discovery of the Tulks Hill prospect in 1961. The Tulks Hill prospect is a 2 km2 property

wholly surrounded by Reid Lot 228 of the Messina Tulks South Property. Asarco conducted

detailed work on the Tulks Hill prospect including geophysics, considerable diamond drilling, and

limited underground drifting which ultimately outlined an inferred geological resource of some

720,000 tonnes grading 1.3% copper, 2.0% lead, 5.6% zinc, 41 g/t silver and 0.4 g/t gold

(Jambor and Barbour, 1986).

Abitibi-Price: 1976-1985

Primarily due to the development of forestry access roads in that area, Abitibi undertook a

moderate level of exploration in the northeastern end of the Tulk's South Property.

Following-up stream and soil geochemical anomalies associated with Tulks Hill exploration,

Abitibi discovered the Tulks East and Jacks Pond prospects in 1977 and 1982 respectively.

Abitibi drilled approximately 50 holes at Tulks East (on the current Tulks South Property), and

ultimately discovered three lenses of massive sulphide mineralization exceeding 6 million

tonnes in size (Barbour and Thurlow, 1982), following detailed geochemistry, geophysics,

trenching, and further drilling efforts. The Jack’s Pond discovery also led to considerable

detailed work to outline a massive sulphide aggregate in several bodies of 200,000 to

1,000,000 tonnes each, consisting of pyrite with <1% base metal values.

BP: 1985-1993

BP acquired the AND Co. land package from Abitibi in 1985 and focused on the Tulks

volcanic belt, where new forestry roads allowed reasonable access to many areas, including for

the first time, the southern end of the Tulks South Property. In 1985, BP conducted a detailed

lake sediment sampling survey and an airborne EM survey over all of the AND Co. lands.

Lake sediment anomalies led to the discovery of a large, low grade gold zone (on the current

Tulk's South property) at Midas Pond – Glitter Pond in 1986. BP conducted line-cutting, soil

sampling, magnetic and electromagnetic geophysics, extensive trenching and mapping surveys

prior to drilling 19 holes. This work traced an auriferous shear-related alteration zone over

2,000 metres along strike and across a width of 200 metres. Selected surface grab samples

assayed greater than 1 opt gold. Trenching returned values such as 14.74 g/t gold over

1.15 metres from L4510W. Drilling locally returned similar grades and widths.

12

Also in 1986 soil anomalies lead to the discovery of the Tulks West/Eagle gold zone. BP

conducted linecutting, geophysics including magnetics and VLF-EM, as well as trenching.

Only 5 of the 16 trenches BP dug were washed, mapped and sampled. Their best result was

7.3 g/t gold over 2m in trench W2600 (Thurlow et al., 1987).

In 1989, BP discovered massive sulphide mineralization at the Daniel’s Pond prospect 21 km

northeast of the Tulks South Property and later that year found the Green Zone (later renamed

Curve Pond) prospect in the southern end of the Tulks South Property. BP completed follow-up

line cutting, detailed mapping, trenching, soil and rock geochemistry, and geophysical

surveying over these new discoveries prior to drill testing them. BP drilled five holes at Curve

Pond in 1990 before ceasing activities in Newfoundland in 1991.

Noranda: 1993-1999

After acquiring the AND Co. charter lands in 1993, within the Tulks South Property Noranda

focused on flying another airborne EM survey plus completing line-cutting, grid mapping, soil

and till sampling, systematic lithogeochemical surveying, magnetic and electromagnetic

surveying, and tracing the sulphide-producing horizons between known zones of

mineralization. Noranda also tried to evaluate known mineralized zones, such as Tulks East

and Curve Pond, by diamond drilling to 200 m vertical depth and using surface and downhole

electromagnetic surveying to guide further drilling. At Tulks East, Noranda intersected 0.73%

copper, 3.1% zinc, 30 g/t silver, and 0.39 g/t gold in drill hole TE94-01 which extends the

known Zone A massive sulphide body more than 100 metres down plunge. Noranda also re-

evaluated known areas of alteration, such as the Boomerang Zone where the company drilled

several holes targeting favorable alteration, and ultimately intersected 0.46% copper, 2.63%

lead, 7.4% zinc, 76.5 g/t silver and 0.67 g/t gold over 3.6 metres core length in hole GA97-05

at 500 metres vertical depth. Noranda did no follow-up or exploration for gold (Noranda,

1998).

Tulks Resources: 1999-2000

Tulks Resources undertook a small diamond drilling program in November 1999 at the Tulks

East prospect. The first two holes of the program intersected both the A-Zone and B-Zone

massive sulphide bodies. The zonation pattern in the holes is consistent with Appalachian

massive sulphide deposits and is the first drill hole at Tulks East to intersect geochemically

significant amounts of copper, silver, and gold.

The program established that the Tulks East A-Zone is more pyritic close to surface and

suggests base metal content increases at depth. It also showed the Tulks East A-Zone is zoned

into copper-rich and zinc-rich portions of the massive sulphide lens which is typical of classic

VMS deposits. No follow-up or exploration for gold was undertaken.

Windarra Resources: 2001

Windarra began a GPS based mapping program, conducted whole rock lithogeochemical

analyses extending the Noranda whole rock database to key areas, continued limited structural

mapping, prospecting and re-evaluation of old drill core all focused on base metals.

Mishibishu Gold Corporation / Messina Minerals Inc: 2002-2003

Mishibishu completed 12 drill holes testing three base metal targets and one gold target. The

program was successful in intersecting massive sulphide mineralization at the Curve Pond

prospect over a strike length of 150 metres. The program was also successful in intersecting

13

gold mineralization at the Midas Pond prospect (1.5 g/t Au over 5.3m).

Messina Minerals Inc: 2004 - 2005

Messina Minerals discovered the Boomerang volcanogenic massive sulphide (“VMS”)

prospect in the southern Tulks volcanic belt in December 2004 as well as drilled diamond

drill hole into the B-Zone at the Tulks East prospect. In 2005, Reid Lot 228 was covered

with a new gravity survey and an orthophoto topographic survey.

In 2004 Messina continued work on BP’s Tulks West/Eagle gold showing. Work included

mapping, prospecting, and drilling. Messina mapped the Eagle area and collected grab

samples from outcrops of which 17 samples assayed between 5.5 and 56.5 g/t Au along a

1.4 kilometer strike length. Visible gold was identified in one outcrop. Prospecting and

mapping identified various styles of intense alteration which host the gold bearing veins.

Other veins taken outside of the ‘main subzone’ and within the alteration zone have yielded

assays up to 2.3 g Au/t. Messina drilled 5 holes (366m total) along strike length into the

auriferous quartz veins. The holes cut anomalous gold in each hole with the best

intersection being 3.0 g/t Au and 24.1 g/t Ag over 3.1m in hole EO04-04. The holes did not

test the intensely silicified “core alteration” zone which has potential as a bulk-tonnage gold

target.

In December 2004 Messina made a new gold discovery in a zone of semi-continuous

auriferous quartz veining (plus carbonate alteration) cutting highly altered felsic and mafic

volcanic rocks. Named the ‘228 Gold showing’ it is located in the NE corner of the Property

within Reid Lot 228. The discovery outcrop is exposed for about 10 square meters from

which 5 of 15 grab samples of quartz veins assayed from 1.1 g/t Au to 88.4 g/t Au. Two of

three grab samples of the adjacent strongly altered volcanic host rocks assayed 1.1 and 2.7

g Au/t. Messina did no further work except for a day of trenching during 2005 to expose the

quartz veins and adjacent alteration. The geological significance of this new orogenic-

mesothermal style gold zone is unknown.

Messina completed mapping in the Midas Pond area and traced the Midas Pond structure,

believed to host the gold mineralization, from the Baxter Pond fault north for ~15km. No

other work on the Midas Pond gold showing was completed.

Messina Minerals Inc: 2006 – 2011

From 2006 until mid-2012 Messina did no other work related to its gold showings and was

focused on expanding its base metals assets. Work included diamond drilling (exploration and

infill holes), ground based gravity surveys, associated line-cutting and an AEM survey, Quantec

Titan 24 test survey in the Boomerang area, line-cutting and grid establishment, soil

surveys, an extensive whole rock litho-geochemical sample program was carried out on drill

core and outcrops in order to identify areas of VMS alteration, prospecting, mapping, and

target evaluation.

7. Geological Setting

7.1 Regional geology

The Tulks South Property occurs within the central part of the Central Mobile Belt of the

Dunnage tectonostratigraphic zone of the Appalachian Mountain Belt. This region of the

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Central Mobile Belt contains the economically important Buchans-Victoria Lake area. The

Dunnage tectonostratigraphic zone preserves Cambrian to Middle Ordovician rocks of

ophiolitic, island-arc and back-arc affinity. The zone is divided by a major and extensive

fault system referred to as the Red Indian Line, into the Notre Dame (west of the Line) and

Exploits subzones (east of the Line). These two subzones are interpreted to have developed

on opposing sides of the Ordovician age Iapetus Ocean and were not linked until Late

Silurian time during closure of the Iapetus (Colman-Sadd et al, 1992). The Notre Dame

zone contains the Buchans Group of volcanics hosting the economically famous Buchans

Kuroko-style volcanogenic massive sulphide (VMS) deposits plus many other VMS deposits;

these rock types are generally mature arc type and calcalkalic in nature. The Exploits zone

hosts the extensive Victoria Lake Supergroup made up of six separate and distinct volcanic

belts which themselves are highly conducive to VMS and Au deposits; these rock types are

generally island-arc type environments and are more tholeiitic in nature.

The Buchans-Victoria Lake area is made up of a 150 km long by 20 to 65 km wide series of

volcanic and volcaniclastic belts. This prolific region consists of seven separate volcanic belts

ranging from Upper Precambrian-Cambrian to Ordovician ages, all of which formed in classic

island-arc type environments during the Appalachian Orogeny which is marked by the

closure of the Iapetus Ocean. From west to east these belts are: the Buchans Group

(formed on the North American or Laurentia side); the Tally Pond volcanic belt; the Long

Lake volcanic belt; the Tulks Hill volcanic belt; the Harbour Round belt; Harpoon Brook belt;

and the Point of the Woods belt. The later six formed on the African (Gondwana) side and

collectively make up the Victoria Lake Supergroup. These belts of volcanic rocks have been

distinctly divided on the basis of age dating, and specifically on lithogeochemical analysis

which indicates the Victoria Lake Supergroup is comprised of distinct geochemical groupings

or tectonic environments which record the transition from island-arc to rifted-arc to back-

arc to mature arc environments over time. Five of the six Victoria Lake Supergroup belts

consist of mafic and felsic volcanics, volcaniclastic and epiclastic rocks and various intrusive

rocks; all five belts are fault bounded by two major faults or terrain bounding structures,

the Red Indian Line to the NW and the Noel Paul’s Line to the southeast.

The Victoria Lake Super Group (Figure 7.1.1) is a composite structural assemblage of Cambro-

Ordovician (462-513 Ma) oceanic arc terranes. It has a regional penetrative foliation, which is

subparallel to bedding and is axial planar to tight to isoclinal folds, increases from the NE to

SW. Regionally the rocks strike NNE to NE and the belts in the western half of the

Supergroup have steep dips to the NW while the eastern belts have steep dips generally to

the SE. Many second and third-order folds add to the complexity of structure in the region.

Numerous large-scale and local faults, both normal and thrust related cut the region.

Structural repetition by thrust faulting is significant and likely explains the apparent inter-

layering and repetition of different geochemical distinct rock units.

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Figure 7.1.1: Regional Geology Map of Victoria Lake Supergroup (Hinchey, 2007)

7.2 Local geology

The Tulks Hill volcanic belt is an extensive northeast treanding belt, 80 km long by 8 km

wide, of intermixed felsic and mafic volcanic rocks, pyroclastic rocks, tuffs, volcaniclastic,

and sedimentary rocks. The southeast margin is defined by the magnetic anomaly fault zone

in contact with the Long Lake Belt volcanic rocks and the northwest side is overlain by

sedimentary and volcanic rocks of the Harbour Round belt.

The volcanic rocks of the Tulks Hill volcanic belt consist of dacitic to rhyolitic felsic flows and

pyroclastics, felsic tuffs, quartz-crystal tuff, breccia and minor subvolcanic porphyries.

Intercalated bedded mafic to siliceous volcaniclastic and epiclastic sedimentary rocks are

common and form important replacement horizons for VMS-style mineralization. Mafic

volcanics are generally less common than felsic rocks but they do form significant parts of

the rock units on the property and consist of mafic to intermediate pyroclastics consisting of

tuffs, lapilli tuffs, agglomerate, breccias and pillow basalts. Stratigraphically overlying the

main felsic volcanics is a distinctive sequence of pillow basalts, the Upper basalts, which are

the cap rock of the felsic volcanic and sedimentary volcaniclastics rocks of the Tulks Hill

volcanic belt. The Upper basalts may be an important regional (over 70 km long)

stratigraphic marker horizon which may have been emplaced within a specific distance

above the favorable VMS stratigraphic horizon in the belt. Regionally the rocks have been

metamorphosed to lower-greenschist facies but locally midgreenschist to lower-amphibolite

facies rocks are present.

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7.3 Property geology

The Tulks South Property is wholly underlain by the Tulks Hill volcanic belt lithologies

including felsic and mafic pyroclastics and flows, intercalated sediments, and subvolcanic

intrusions metamorphosed to greenschist facies. Mafic to felsic hypabyssal sills and dykes

are common. Prospective felsic volcanic rocks extend the 30 km length of the Property. The

property contains extensive zones of volcanogenic alteration associated with massive

sulphide formation which were originally mapped by Noranda (Figure 7.3.1 &Appendix III

for full size map).

All lithologies within the Tulks South Property have been undergone moderate to strong

penetrative deformation related to south directed thrusting, and locally strike slip faulting.

Primary textures are commonly obscured due to well-developed foliation and VMS

alteration. The strata are generally moderately to steeply north dipping, northwest

younging, and sub-parallel to the foliation. Small scale isoclinal folds with sub-vertical

plunges are common but evidence of large scale folding is sparse. Two phases of foliation

are mappable; many of the sulphide zones within the belt plunge to the northeast indicating

structural modification of the massive sulphides has occurred. Later ductile (brittle?) shear

zones also transect the property trending near the orientation of the dominant foliation.

These shear zones enclose large areas of argillic alteration (sericite & pyrite +/- silica,

carbonate, etc.) which are locally gold-bearing. Shear zones are generally foliation parallel

or at low angles to the foliated stratigraphy (e.g. Baxter’s Pond fault), though late high

angle faults of small offset have been recognized locally as offsets in the trends of

geophysical anomalies. Younger, high-angle faulting is interpreted to offset structural-

stratigraphic units by up to 500 m in places.

Figure 7.3.1 – Property geology of the Tulks South properties (Messina, 2012)

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8. Deposit Types

VMS deposits enriched in copper, lead, zinc, silver and gold are well known in the Buchans-

Victoria Lake region and the Tulks Hill Volcanic Belt. The regional geology of the Tulks South

property is conductive for both VMS and epigenetic gold deposits as they are spatially

associated with secondary structures within or in in close proximity to major regionally

extensive structures.

Gold mineralization in the Tulks Hill Volcanic Belt is epigenetic and can be subdivided into

epithermal and mesothermal styles, both styles are structurally controlled. Epigenetic gold

within the area has been a significant exploration target dating back to 1984 (Evans, 1996);

between 1984 and 1991 approximately 90 gold occurrences were discovered. The majority

of these discoveries are mesothermal and include Marathon Gold’s Valentine Lake property.

Evans (1993) subdivided the mesothermal gold types into three sub-classes: auriferous

quartz veins where gold occurs within extensional or shear fracture veins, often associated

with pyrite or arsenopyrite; altered wall rock (+quartz veins) where gold occurs mainly

within the deformed and altered wall rock adjacent to the quartz veins; and disseminated

gold associated with pervasive silicification and disseminated sulphides. The sub-class of

mineralization is dependent upon host-rock characteristics, rheological properties and

permeability; an overlap may exist between the classes, especially in the altered wall rock

subclass (MICON, 2012).

Epigenetic gold occurrences in central Newfoundland have been found to cluster within

structurally complex areas that are characterized by regionally extensive faults or terrane

bounding structures, which most likely tapped deep fluid sources (Evans, 1996). These

regional structures are the primary control on the location of epigenetic gold deposits.

Lithological control (responsible for physiochemical and rheological properties) influences

the site of mineralization on a local scale (Evans, 1996). Host rock age has no role on the

gold mineralization. Intense deformational events within the eastern Dunnage Zone

occurred during the Silurian-Salinic Orogeny. This orogenic period was accompanied by

large-scale-widespread metamorphism and plutonism which likely generated the fluids that

were responsible for transporting and depositing gold. The gold occurrences are interpreted

to be syn- to post Salinic, based on their association with late regionally extensive

structures and host rocksthat in many cases are Siluro-Devonian (Evans, 1996, MICON,

2012).

9. Mineralization

9.1 Regional Mineralization

There are two gold deposits and over 30 gold zones and prospects within the Victoria Lake

Supergroup. There are also over 120 significant VMS deposits, prospects and showings.

Most of the VMS deposits and showings are restricted to the felsic volcanic belts and consist

of disseminated, stockwork, massive and transported sulphides.

Of the known significant gold deposits and prospects in the Victoria Lake Supergroup most

are structurally controlled, epigenetic and orogenic-mesothermal types occurring in quartz

veins. This gold mineralizing event is likely related to the mid-Silurian (~430-440 Ma, late

Caledonian or Salinic orogeny) which was accompanied by large-scale crustal strike-slip and

thrust faulting. Concomitant Silurian age granitoid plutonism and metamorphism may have

18

been instrumental in central Newfoundland’s orogenic gold metallogeny. This would include

the Valentine Lake gold deposits, the Golden Promise deposit, Snow White zones, South

Quinn Lake, Eagle and 228 gold zones. The possibility of syngenetic to early epigenetic

epithermal high-sulfidation gold-silver mineralization near and adjacent to the known VMS

deposits is a strong likelihood and presents attractive gold targets. Such gold zones

probably include the Midas Pond gold, Bobby’s Pond sulphur and Hoffe’s Pond gold zone.

9.2 Property Mineralization - Gold

9.2.1 Eagle Gold Prospect

The Eagle Gold Prospect is located near the west side of the property and about 4km north-

northeast of the Boomerang and Domino VMS deposits. It is located on the northeastern

shoreline of West Tulks Pond and occurs in association with the Eagle mylonite zone.

The Eagle mylonite zone is a shear zone of intensely mylonitized and silicified felsic

volcanics (and possibly sedimentary rocks) oriented northeast - southwest. Quartz veins

along the margin of the Eagle mylonite zone at the northeastern shore of West Tulks Pond

locally yield significant Au values. The Eagle prospect is believed to be an undivided

hydrothermal structurally controlled vein system with gold, galena, sphalerite, chalcopyrite,

pyrite, pyrrhotite, and arsenopyrite mineralization.

Gold mineralization occurs in a system of auriferous quartz veins within a strong and wide

shear zone. The NNE trending shear is comprised of a 150 meter wide zone of silicified,

sericitized and carbonate altered felsic volcanic rocks. These sheared and altered volcanics

have been traced via sporadic outcrops for up to 12 km and are coincident with airborne

geophysical anomalies. The auriferous quartz veins have been traced along 1,400 m of

strike length where they are concentrated in a 5 to 10 m wide subzone within the ~150 m

sheared alteration zone. Initial mapping of this zone indicated at least three phases of

veining; the earliest veins are well sheared and boudinaged and carry good gold and silver

values (c. 10-50 g/t Au) where these vein sets intersect. The second veining stage is a base

metal rich phase carrying lower Au values (c. 1-3 g/t Au) and the last veining is essentially

a set of undeformed and barren quartz veins.

9.2.2 Midas Pond Gold Prospect

The Midas Pond Gold Prospect (also referred to as Glitter Pond Gold) is located at the

southwest end of the property about 3 500 m east-northeast of the Boomerang VMS deposit

and possibly within the faulted but along strike extension of the Boomerang Alteration Zone.

The Midas Pond gold prospect is hosted by sheared and altered felsic and mafic pyroclastic

rocks of the Tulks Hill volcanics that have been cut by a northeast- trending and northwest-

dipping ductile shear zone. These volcanic rocks occur as interbedded, interfolded and

probably structurally interleaved sequences of fine grained tuff, white weathering, felsic,

crystal-lithic, lapilli tuff and fine-grained, green-grey, mafic to intermediate, felsic-crystal

tuff and breccia.

Alteration and mineralization are confined to a 200m wide brittle, ductile-shear zone, which

formed in response to regional deformation. The prospect is an undivided structurally

controlled vein system accompanied by significant or widespread wallrock alteration. Midas

Pond exhibits alteration and mineralization styles somewhat similar to epithermal gold

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systems however extensive shearing within the ductile shear zone obscure its origin. The

hydrothermal alteration system is presently interpreted to have formed prior to or during

early development of the shear zone. Extensive zones of pyrophyllitization, sericitization and

silicification are associated with the mineralization.

The mineralization consists of pyritiferous quartz veins carrying gold and trace silver and

base metals. The mineralization occurs in quartz veins of which there are possibly three

generations. The oldest vein system is approximately parallel to the main shear fabric and

forms well developed boudins in the fabric planes. These veins contain coarse grained,

milky-white quartz and minor orange carbonate. The other generation(s ?) of quartz veins

consist of milky-white, coarsely crystalline quartz exhibiting comb structures. These veins

cut the first generation quartz veins and the main shear fabric. The veins may reach up to 1

m in width but are generally less than 1 cm.

9.2.3 RL 228 Gold Prospect

The RL 228 gold prospect is located ~5km south of the Tulks East prospect. It is a zone of

auriferous quartz veining cutting highly altered felsic and mafic volcanic rocks. Sampling

yielded up to 88.4 g/t Au from pyrite mineralized, sericitically altered outcrop. Initially grab

samples of various quartz veins were collected from one outcrop area within a 10 metre

square area. Six samples assayed between 1.6 g/t and 19.3 g/t gold. An additional three

grab samples were collected from strongly carbonate-sericite-silica altered mafic host rocks.

One sample contained 5 ppb gold; the other two assayed 1.1 g/t and 2.7 g/t gold.

10. October to November 2012 Exploration – Messina Minerals

All distance units and assays are reported in metric system SI notation, unless otherwise

noted quoting historical references. Messina uses NAD83 datum UTM coordinate system,

unless otherwise noted. GPS survey instruments used included Garmin hand-held units

accurate to approximately 5metresfor outcrop and sample locations.

10.1 Prospecting Samples and assay

For two weeks from October 12th to the 26th, 2012 prospectors collected 123 prospecting

rock samples. The samples were collected, labeled, field-described, and brought back to the

Messina Field office in Buchan’s Junction. Prospectors used maps and hand-held GPS to

mark the locations of the samples. Samples were collected between the south side of Pat’s

Pond to the northeast through the Eagle Zone, to Dragon Pond, to the south end of Red

Indian Lake (Figure 10.1.1and Appendix IV for full size map). The 123 samples were

cataloged in a Rock Sample Report Form and sent to Eastern Analytical in Springdale,

Newfoundland for analysis. Samples were assayed for copper (Cu), lead (Pb), zinc (Zn),

silver (Ag) and gold (Au). Assay certificates and the rock sample report form (RSRF) are

listed in Appendix I.

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Figure 10.1.1: prospecting sample location map for the October 2012 period (Messina,

2012).

10.2 Eagle Mapping

4.5 days were spent mapping on the Eagle Gold Zone. The main purpose of the mapping

was to build upon the 2003 mapping with specific attention given to the mylonite zone.

Historic trenching data from the mid to late 1980s by BP and 2004Messina drilling data were

also reviewed to complete a compilation map of the Eagle zone (Figure 10.2.1and

Appendix V for full size map). Outcrops were labeled, described, photographed, locations

GPSed, and sampled when necessary (both representative and prospecting samples).

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Figure 10.2.1:Updated map of the Eagle zone (Messina, 2012)

11. Sample Preparation, Analyses and Security

11.1 Sample Preparation

11.1.1 Messina Sample Preparation

All outcrop and float samples were placed in clear plastic bags together with a paper ticket

depicting a unique sample number. Each bag is tied with vinyl flagging tape and labeled

with permanent marker. All samples are brought to the Messina field office where they are

catalogued, described, and photographed. The samples are then put back into their original

bags with their unique sample number and stapled closed. The sample bags are then place

into white rice bags for transport to Eastern Analytical.

11.1.2 Eastern Analytical Sample Preparation

All samples submitted to Eastern Analytical Ltd. of Springdale, NL are prepared to the

following specifications:

22

Samples are organized and labeled when they enter the lab. They are then placed in drying

ovens until completely dry. After drying is complete samples are taken and crushed in a

Rhino Jaw Crusher to approximately -10 mesh material. The entire crushed sample (-10

mesh) is riffle split to 300 g. The remaining unpulverized sample is bagged and stored as

“coarse reject”. The 300 g split is then ring milled to 98% -150 mesh (~ < 100 microns)

material. The ring mills and jaw crushers are cleaned with silica sand between clients. The

rings and bowls are also inspected after each sample and cleaned with silica sand as

necessary. A sub-sample of the resulting rock powder is then transferred to a small

envelope (the “pulp”). Remaining pulps are returned to Messina and stored at the

company’s office and core storage facility in Buchan’s Junction, Newfoundland. The -10

mesh coarse rejects are kept for between 3 to 12 months against the need for further

testing, and then discarded.

11.2 Analysis

11.2.1 Eastern Analytical Limited Analytic Procedures

Rock samples were analyzed for gold by fire assay (as described further below)and base

metals were analyzed using an ore grade package for Cu, Pb, Zn, and Ag: beings in a hot

aqua regia digestion and finished with atomic absorption (AA).

Assay Procedure for Au Fire Assay

The sample is weighed (15 or 30 grams) into an earthen crucible containing PbO fluxes and

then mixed. Silver nitrate is then added and the sample is fused in a fire assay oven to

obtain a liquid which is poured into a mold and let cool. The lead button is then separated

from the slag and cupelled in a fire assay oven which contains a silver bead which contains

the gold. The silver is removed with nitric acid and then hydrochloric acid is added. After

cooling, deionized water is added to bring the sample up to a present volume. Then the

sample is analyzed by the Atomic Absorption method.

Assay Procedure for Cu, Pb, Zn

A 0.200 g sample is digested in a beaker with 10 ml of nitric acid and 5 ml of hydrochloric

acid for 45 minutes. Samples are then transferred to 100 ml volumetric flasks and then

analyzed by the Atomic Absorption method. Lower detection limit is 0.01 %, no upper

detection limit.

Assay Procedure for Ag

A 1000 mg sample is digested in a 500 ml beaker with 10 ml of hydrochloric acid and 10 ml

of nitric acid with the cover left on for 1 hour. Remove the covers and evaporate to a moist

paste. Add 25 ml of hydrochloric acid and 25 ml of deionized water, heat gently and swirl to

dissolve solids. Cool, transfer to a 100 ml volumetric flask and analyze by the Atomic

Absorption method. Lower detection limit is 0.01 oz/t, no upper detection limit.

11.2.2 Control Standards and Duplicates

Eastern Analytical has an analytical system using internal controls, duplicates, and blanks.

11.3 Security

Samples are stored under the care and control of Messina personnel at all times from when

first collected in the field until they are delivered directly to Eastern Analytical Limited in

Springdale, NL for processing.

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12. Adjacent Gold Properties – Valentine Lake

The Valentine Lake Property is located about 10 km immediately east of the Tulks South

Property and adjacent to the southeast side of the Long Lake Property. The Project is 100%

owned by Marathon as of July 9,2012. Xstrata retains a 2% Net Smelter Return (NSR)

royalty on base metals and a 1.5%NSR royalty on the first 250,000 ounces of gold,

increasing at that point to 3% on the property as it existed at the time of the agreement.

Reid Newfoundland Company Ltd. retains a 7.5% Net Profits Interest (NPI) royalty that

accelerates the increase in Xstrata’s NSR royalty on gold to 3% should a NPI royalty become

payable prior to the first 250,000 oz. produced. Any amount payable to Reid for the NPI

royalty reduces the NSR royalty on gold payable to Xstrata (MICON, 2012).

The Leprechaun deposit is the most significant area on the Valentine Lake property. As of

October 2012 the Leprechaun deposit contains Measured Mineral Resources of3,033,000

tonnes at 2.30 g/t Au, Indicated Mineral Resources of 6,505,000 tonnes at 2.19 g/t Au, and

inferred Mineral Resources of 1,959,000 tonnes at 2.30 g/t Au. This totals 682 000 oz. of

gold measured and indicated and 145 000 oz. inferred (MICON, 2012).

The Valentine Lake property also host a number of other areas anomalous in gold including

the J. Frank zone, the Sprite zone, and the Valentine East zone.

13. Interpretation and Conclusions

13.1 Eagle Gold Zone

Mapping over the historic Eagle zone was successful in building upon the 2003 data and

further delineating the mylonite zone. The alteration zones were also further refined. The

mylonite zone is interpreted to be 1.4km long striking at 240° and ranging from 10m wide

in the NE area to 100m wide in the SW, averaging approximately 30m wide (Figure

10.2.1). The mylonite does contain anomalous gold: all but one sample returned greater

than 5ppb Au (up to 59ppb in outcrop).Drill core from the holes drilled in 2004 also returned

anomalous gold results in the mylonite zone as well as the strongly altered felsic tuffs. The

mylonite is interpreted to be an intensely silicifiedand deformed felsic tuff. However due to

the intense silica alteration (±sericite, ±carbonate, ±hematite and ±chlorite) and

deformation a protolith is extremely difficult to determine. The alteration and deformation

give the mylonite a weakly foliated, plate grey to white, massive quartz-vein-like

appearance.

Three generations of quartz veining were historically mapped. It is believed that one

generation of veining is magnetite bearing and a second generation is hematite + pyrite

bearing. It is currently suspected it is the hematite+pyrite veins that are gold bearing.

However further work is required to more definitely determine the gold host.

Alteration of the rocks in the Eagle Gold Zone increases with proximity to the mylonite. This

is most noticeable with the sericite alteration. The felsic tuff lying to the SW of the mylonite

is intensely sericitically altered and strongly silicified. Carbonatization and chloritization are

also present. They are generally moderate but can be intense is local areas.

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13.2 Regional Prospecting

43 of the 123 prospecting samples came back anomalous for gold (>20 ppb Au) (Appendix

I). The 43 samples ranged from 20 ppb Au up to 43.8 g/t Au. 16 of the anomalous samples

where from outcrop with the highest grade being 23.6 g/t Au in the Pat’s Pond area. The

area between Pat’s Pond South running NE to the Eagle Gold Zone contained the majority of

the anomalies. The theory of the potentially gold bearing structure originally interpreted to

run NE-SW along the South side of Tulks West Pond from Pat’s Pond, along strike with the

Eagle zone, and up to the Dragon Pond area was reinforced by prospecting. The anomalous

samples were hosted in either quartz veins or highly altered (strong to intense silica,

chlorite, and/or sericite) host rock (felsic or mafic).

The float sample of 43.8 g/t Au was from a sulphide bearing quartz vein which was also

anomalous is base metals (145ppm Cu, 1100ppm Pb, 7200 ppm Zn, and 2.4 g/t Ag) just

south of Tulks West Pond. Most of the anomalous samples where from pyrite bearing quartz

veins however some of the anomalous gold is associated with elevated base metals (gold

associated with base metal rich VMS deposits is common in the Tulks Valley).

The RL228 gold zone was reinvestigated; the best result was a float sample that returned

229 ppb Au. This prospecting program was unable to reproduce the high grade 2004

results. The high-grade zone and associated anomalies are interpreted to be very local.

The areas of Field Goal and Midas Pond, located SW of the interpreted Eagle Zone structure

and along strike from the Boomerang deposit, each return one anomalous result: the Midas

Pond sample was taken from within a historic trench and the Field Goal sample was a quartz

vein float. Both zones remain prospectus based on historic results.

14. Recommendations

14.1 Eagle Gold Zone

Given the positive anomalous gold results from both the 2012 and historic work further

work on the Eagle zone is recommended. Detailed field mapping and additional prospecting

of the mylonite outcrops and altered felsics are recommended to provide further definition

of the surface lithologies and gold mineralization. It is also recommended that thin sections

be made from a suite of representative samples to help better identify and understand the

gold mineralization as well as the generations of quartz veining. Mapping should focus on

better understanding the structures in the area with respect to regional and local foliations

and faults.

To help with geologic understanding the dewatering, mapping, and sampling of BP’s historic

trenches is recommended. BP dug at least 16 trenches of which only 5 were every wasted,

mapped and sampled (one trench returned 7.2 g/t Au over 2m). Chip sampling in the

trenches and along outcrops is recommended. In areas of positive prospecting and/or chip

sampling additional trenching is advised.

After reviewing core from the 2004 drilling it is recommended the quartz veins and host

rocks from sample lengths anomalous in gold be re-sampled separately to try to determine

if the gold is quartz vein hosted or not. After examining the location of the 2004 drill collars

in the field in relation to lithologies it has been determined the 2004 holes were collared in

25

the mylonite and gold target zones. If further drilling is undertaken it is recommended the

drill collars be ‘backed-up’ to the NW to drill through the mylonite and target gold zones to

better determine thickness and depth of the units.

14.2 Regional Prospecting:

The results from the prospecting program highlighted several areas where follow up work is

recommended. In particular is the area around Pat’s Pond northeast along the south side of

Tulks West Pond to the Eagle Gold Zone. This zone follows the regional structure. Several

areas, including the Boomerang North area as well as the Pat’s Pond area had >100ppb Au

in outcrop. Recommended work includes mapping (focus on altered felsic tuffs and regional

structural trends) and additional prospecting in the immediate and surrounding vicinity of

the anomalous gold outcrops. Trenching is recommended in areas with positive results.

Dragon Pond, northeast of the Eagle Gold Zone, did return some anomalous Au float

samples however no further work is recommended at this time. Additional work on Dragon

Pond as a gold target should only be undertaken if further work on the Eagle Gold Zone and

Eagle North zones result in a strong indication of gold potential continuing along strike to

the NE. No further work is recommended on the Red Indian Lake South area.

Though results in the Midas Pond area from the 2012 prospecting program were negative

the area remains a potential gold target based on previous work which has revealed

anomalous gold in drill core, outcrop, and in trenches. Highly altered zones have been

identified as well as several generations of quartz veining. Data compilation for Midas Pond

is recommended to identify targets for further trenching and drilling. No further work on the

Field Goal area is recommended for gold but it does remain a VMS target.

At this time no further work is recommended on the RL228 gold zone. The 2012 prospecting

program was unable to reproduce the high grades from 2004 with one outcrop of 36 ppb Au

being the greatest results (as oppose to 88 g/t Au in 2003). Float samples only went as high

as 229 ppb Au. Results indicate the quartz vein carrying high grade gold is local.

Investigation into potential for gold in the Long Lake properties is also recommended. The

Long Lake properties border Marathon Gold’s Valentine Lake properties and very little work

focused on gold has historically been completed is the area.

26

15. Personnel and Contractors Who Performed Work on the Property

List of Personnel:

Name Title Man Days

Fred Keats Prospector 16

Wesley Keats Prospector 16

Melissa Halpenny Consulting geologist 6

Alexandria Marcotte Project geologist 26

Peter Tallman Senior geologist 6

List of Contractors:

Eastern Analytical, Springdale, NF Analytical services

C&S Variety, Millertown, NF Fuel (gas)

Bill’s Service Centre, Buchan’s Junction, NF Vehicle/equipment maintenance

Keats’ Global Exploration Services Ltd. Prospecting

Coleman’s, Buchans, NF Groceries

16. Statement of 2012 Exploration Expenditures

Licence 14905M

(114 claims)

Licence 14909M

(243 claims) Reid Lot 228

Geology field wages $ n/a $ 3 100.00 $ n/a

Analytical Costs $ 198.00 $ 1 636.00 $ 236.00 Prospecting Contractors (wages + expenses) $ 1 374.49 $ 16 549.14 $ 2 749.51

Fuel $ 111.00 $ 252.00 $ 109.00

Camp Costs, Meals, Supplies $ 134.12 $ 750.31 $ 100.94

Health and Safety $ 100.00 $ 300.00 $ 100.00

Data compilation $ 975.00 $ 6 250.00 $ 650.00 Subtotal $ 2 892.61 $ 28 837.45 $ 3945.45

Administration 15% $ 433.89 $ 4 325.62 $ 591.82

Total $ 3 326.50 $ 33 163.07 $ 4 537.27

27

17. References

Barbour, D.M. and Thurlow, J.G., 1982, Case histories of two massive sulphide discoveries

in central Newfoundland, in Prospecting in Areas of Glaciated Terrain, P. Davenport ed.,

CIMM, p.300-320.

Colman-Sadd, S.P., Dunning, G.R., and Dec, T. 1992.Dunnage-Gander relationships and

Ordovician Orogeny in central Newfoundland: a sediment provevance and U/Pb age study.

American Journal of Science, vol. 292, pages 317-355.

Evans, D.T.W., 1996. Epigenetic Gold Occurrences, Eastern and Central Dunnage Zone,

Newfoundland, Government of Newfoundland and Labrador, Department of Mines and

Energy, Geological Survey, Mineral Resource Report 9.

Evans, D.T.W., 1993. Gold Mineralization of the Eastern Dunnage Zone, Central

Newfoundland, in Current Research, Newfoundland Department of Mines and Energy,

Geological Survey Branch, Report 93-1, pp 339-350.

Hinchey, J.G., 2007: Volcanogenic massive sulphides of the Southern Tulk's Volcanic Belt,

central Newfoundland: Preliminary findings and overview of styles and environments of

mineralization. In Current Research. Newfoundland and Labrador Department of Natural

Resources, Geological Survey, Report 07-1, pages 117-143.

Jambor, J.L. and Barbour, D.M., 1986, Geology and mineralogy of the Tulks pyritic massive

sulphide deposit, in Buchans Geology, Newfoundland, Paper 86-24, Geological Survey of

Canada, R.V. Kirkham (ed), p.219-226.

Messina, 2012.Internal data.

MICON, 2012.Technical Report of the Updated Mineral Resource Estimate for the

Leprechaun Gold Deposit, Valentine Lake Property, Central Newfoundland, Canada.

Marathon Gold website, accessed November 20, 2012. http://www.marathon-

gold.com/files/doc_technical/ValentineLake_LepDeposit2012.pdf

Noranda, 1998.Precious and Base Metal Properties Available for Option in Central

Newfoundland.Noranda Mining and Exploration Inc. Atlantic Region. Open file repot

012A/1231.

Swanson E.A., Strong, D.F., and Thurlow, J.G.,eds., 1981. The Buchans orebodies: fifty

years of geology and mining, Geological Association of Canada, Special Paper number 22.

Turlow, J.G., Barbour, D.M., Desnoyers, D.W., and Burton, G.B. 1987. Assessment report on

geological, geochemical, geophysical, trenching and diamond drilling exploration for 1986

submission for the Anglo Newfoundland Development Company Limited charter, Reid lots

227-229, 231-235 and 247, crown lease lots A-B, E and N-R and fee simple grants volume 1

folios 61-62 and 110 and volume 2 folios 23 and 29 in the Buchans, Great Burnt Lake,

Valentine Lake, Mary March, Victoria Lake and Bobbys Pond areas, Newfoundland. BP

Resources Canada. Open file NFLD/1737.

http://www.marathon-gold.com/files/doc_technical/ValentineLake_LepDeposit2012.pdf

http://www.marathon-gold.com/files/doc_technical/ValentineLake_LepDeposit2012.pdf

28

18. CERTIFICATE OF AUTHOR

Peter Tallman, P. Geo., President


300 – 1055 West Hastings Street, Vancouver, British Columbia, V6E 2E9

Tel: (604) 688-1508 Vancouver Office

Tel: (709) 852-6261 Newfoundland Office

I, Peter Tallman, P.Geo, am a registered member (#02366) of the Professional Engineers and

Geoscientists of Newfoundland and Labrador (“PEGNL”) since 1991;

I have been President and Chief Executive Officer of Messina Minerals Inc., a publically

listed Canadian corporation and extra-provincially registered in Newfoundland, since 2003;

I graduated from the University of Western Ontario with a Bachelor of Science degree in

Geology (1985);

I have been practicing my profession as a geologist in mineral exploration continuously since

1985 in both Canada and abroad.

Dated at Buchans Junction, Newfoundland, this 11th day of December, 2012.

Peter Tallman, P. Geo. "Qualified Person"

Appendix I

2012 Prospecting Assay Certificates

Appendix II

RSRF sample report 2012

Sample No Date

Sampled

by Area

UTM East

NAD83

UTM North

NAD83 Type Discription (black: prospector, blue: Alex)

Prospector

description

continued

Au ppbCu

ppm

Pb

ppm

Zn

ppm

Ag

ppm

50304 13/10/2012 WK Pat's Pond # 1 475286 5366930 fl

intense ser alt felsic, str foliation, 1-5mm rounded clear

qtz eyes ~10%, diss py ~3% 19

50305 13/10/2012 WK Pat's Pond # 1 475120 5366987 oc

milky white qtz vein ~2-5cm, hosted in ser - chl alt

felsic, diss py throughout qtz vein ~3% + occasional

1mm cubes and blelbs 13

50306 13/10/2012 WK Pat's Pond # 1 475104 5366973 oc

milky white qtz vein + carb alt, sulphide strain. Contains

some vugs. Cubic py ~1-2mm 6% 23600

50307 13/10/2012 WK Pat's Pond # 1 475105 5366971 oc

milky white qtz vein, 5% py diss to 5mm cubes, one 2

cm spot of malachite 9017

50308 13/10/2012 WK Pat's Pond # 1 468409 5360067 fl

milky white atz vein, 1% py diss, carb alt, weathered

sulphide. At least 1 other gen of qtz veining: 1 mm

clear qtz; possible other 5mm white white no alt. 14

50309 13/10/2012 WK Pat's Pond # 1 468407 5360777 fl

milky white qtz vein, vugs, copper staining ~5%, py

growning in vugs <1%, carb alt 11 105 34 3100 0.3

50310 13/10/2012 WK Pat's Pond # 1 469440 5360910 oc

very intersenly sil alt 3T?? Possible mylonite based on

qtz-vein appreance. Not a qtz vein due to foliation

visible and blue-ish protoplith. Trace py. Transitional

from white int sil zone to blue int sil zones 5

50311 14/10/2012 WK Pat's Pond # 1 469013 5360300 oc

milky white qtz vein hosted in str ser alt 3T?, no visible

min, massive, minor carb alt 5

50312 14/10/2012 WK Pat's Pond # 1 469324 5359915 oc milky white qtz vein, tr py, minor carb alt 5

50313 14/10/2012 WK Pat's Pond # 1 469494 5363007 oc

clear to smokey qtz vein, copper stain on sfc, trace py,

oxidizing sulphide 5

50314 14/10/2012 WK Pat's Pond # 1 469495 5363006 oc

str alt 3T; ser, carb. Str fol, diss py + graphite in patches

~5-8 cm following fol 5

50315 15/10/2012 WK Pat's Pond North 469494 5363005 fl

mod sil 3T, 1-2mm blebs of py 8%, py appears to be

following foliation 5

50316 15/10/2012 WK Pat's Pond North 469760 5362362 oc

milky white qtz; 20% galene diss to 5mm cubes, 1% cp

in mm scale blebs, 12% py diss to 2mm cubes 450 900 48000 61 29.2

Sample No Date

Sampled

by Area

UTM East

NAD83

UTM North


Prospector

description

continued

Au ppbCu

ppm

Pb

ppm

Zn

ppm

Ag

ppm


O/C, jaspilitic very intensily sil alt 3T?. Red jasper (hard,

cannot remove it not hematite alt) in patches. 2% vugs 5

50318 15/10/2012 WK Pat's Pond North 471321 5361906 oc very int sil alt 3T? With 15% py; diss to blebs 3mm 5


very int sil alt 3T? With 15% py; diss to blebs 3mm, tr

cp 5

50320 17/10/2012 WK Pat's Pond North 471343 5361956 oc very int sil alt 3T? 10% py diss to 1mm blebs, wk ser slt 5

50321 17/10/2012 WK Pat's Pond North 471263 5362010 oc med grey int sil, mod ser alt 3T. Barren 5


3T: mod ser, mod chl, wk sil. Tr py. Qz-carb vein 4mm

think running through 5


3T: mod ser, wk chl, wk sil alt. Py bearing qtz veins (qtz

veins 2-4mm, py diss 15% in veins). Tr bornite and 1%

py and cp. 5


Qtz vein, massive milky white, patches of clear to

smokey. Tr py in 2mm cubes 5

50325 18/10/2012 WK Boomerang North 474242 5365191 oc

3T; mod ser, wk sil alt; str fol; 2% weathered py 1mm

cubes 5

50326 18/10/2012 WK Boomerang North 474306 5365099 fl

Qtz vein milky white, 10% vugs; 10% diss galena, cp, py,

43767 145 1100 7200 2.4

50327 18/10/2012 WK Boomerang North 474741 5365495 oc

Qtz vein; massive milky white, tr py diss, >1% vugs;

another qtz vein cutting through 5mm wide pink tint.

Wk carb alt 27


Str ser, sil alt 3T. Contains qtz-carb viens cross-cutting

it. Qtz-carb veins: 0.5 - 1 cm think bearing 1-3mm py

cubes 40%. 140


QTZ WITH ASPY PY FLOAT. Int sil, ser alt 3T, pale grey +

2mm qtz xtls. Str fol, tr py 2mm cubes 5

50330 19/10/2012 WK Road Showing 472487 5364044 fl

QTZ FL ASPY PY. Milky white qtz, with trace 1mm blebs

aspy, 1% diss py. Orange sulphide weathering around

py 72

Sample No Date

Sampled

by Area

UTM East

NAD83

UTM North


Prospector

description

continued

Au ppbCu

ppm

Pb

ppm

Zn

ppm

Ag

ppm

50331 20/10/2012 WK Eagle South 472393 5363389 fl

SLISAFIDE WITH QTZ VEIN PY FLOAT. Very str sil, str ser

3T pale grey. 1cm thick qtz vein running through; py

diss to 1mm blebs 10% 35

50332 20/10/2012 WK Eagle South 475730 5365528 fl

ANGULAR QTZ FLOAT PY. Milky white qtz, py diss to

2mm cubes 8%. Minor mod carb alt. 5

50333 20/10/2012 WK Eagle South 475729 5365528 fl

FELSIC FL FLOAT. Very int sil 3T? Mylonite? White w/

orange/brown carb alt, 6% py diss to 4mm cubes. Py

weathering out, 2% vugs. 2 gens of qz veining: 2mm

thick transparent qtz, and 1.5cm thick py bearing 8

50334 20/10/2012 WK Eagle South 476511 5365887 fl

MAFIC FLOAT WITH PY. 1T, or very intensely chl atl 3T.

V.f.g dark green, str chl alt, mod ser. tr cp with 20% diss

py. 5

50335 20/10/2012 WK Eagle South 479482 5368059 oc

SLISAFIDE WITH PY O/C. v str sil 3Tpale grey. 10% diss

py in 3-4mm long stringers. 1mm qtz-carb vein 5

50336 22/10/2012 WK FIELD GOAL 479483 5368050 oc

SLISAFIDE WITH PY O/C. very intensely sil 3T? Chert-

like. Pale grey/white. 7% py diss to 1mm cubes 8

50337 22/10/2012 WK FIELD GOAL 479482 5368052 oc

QTZ TRACE PY O/C. v str sil 3Tpale grey. 10% diss py in

1-2mm cubes 5

50338 22/10/2012 WK FIELD GOAL 479809 5367609 oc

SLISAFIDE PY O/C. very intensely sil alt 3T (?), mod ser

alt. 2% 2mm qtz xtls, 15% diss py to 1mm cubes 6

50339 22/10/2012 WK FIELD GOAL 479664 5367579 fl

MAFIC FLOAT WITH PY. Int sil 3T, 1mm qtz-carb vein,

4% diss py 5

50340 22/10/2012 WK FIELD GOAL 479708 5367511 oc

very intensely sil 3T? Mylonite? Chl alt remnant in host

creating green patches. Wk ser alt. Py diss to 4mm

cubes 8% 12

50341 22/10/2012 WK FIELD GOAL 479611 5367394 fl

QTZ FLOAT PY. Milky white qtz with wk copper staining.

1mm qtx-carb veins. 2% diss py occuring closer to qtz-

carb veins 463

Sample No Date

Sampled

by Area

UTM East

NAD83

UTM North


Prospector

description

continued

Au ppbCu

ppm

Pb

ppm

Zn

ppm

Ag

ppm

50342 23/10/2012 WK FIELD GOAL 479545 5367321 oc

SOLISAFIDE WITH PY O/C. intesely sil alt 3T? Med

bl/grey/pink. Mod ser alt. Dark orange calcite in

patches on sfc. 2 generations of qtz veining: 0.5mm

cross-cutting a 2mm.5% py evenly distributed through

the sample diss to 1mm blebs.

5

50343 23/10/2012 WK RL228 491692 5372352 oc qtz: milky white with sugary texture. 20% vugs

MAFIC WITH PY

O/C 5

50344 23/10/2012 WK RL228 491691 5372351 oc

mod ser and sil 3T, 6% py 1 - 6mm blebs. Barren qtz

vein: white sugary texture, sharpe contact.

QTZ VEIN

STOCKWORK PY

OUTCROP 5

50345 23/10/2012 WK RL228 492114 5372584 oc white sugary qtz vein 1-8cm in carb-chl alt 3T. Tr py

SILICIFIDE WITH PY

OUTCROP 5

50346 23/10/2012 WK RL228 491843 5372086 oc

wk ser, str sil alt 3T. 10% Py: elongated belbs 1 cm long

2 mm wide,.

QTZ VEIN WITH PY

(88 GRAMER ) 5

50347 23/10/2012 WK RL228 492312 5372398 fl

white sugary qtz vein with tr 5mm py cubes,

intermingles with str ser sil alt 1T

FLOAT SILICIFIDE

WITH PY CPY MAL

PD 167

50348 23/10/2012 WK RL228 492568 5372446 fl

smokey grey qtz, carb alt. Py diss to 2mm cubes, tr cp.

3cm patch of chalk-like mineral, soft, white, barite?? MASSIVE PY FLOAT 73

50349 23/10/2012 WK RL228 492568 5372446 fl

dark green host, str chl alt 3T (1t?). 50% py and

sulphide weathering obscuring host. Py diss 229

50350 23/10/2012 WK RL228 493213 5373060 oc

milky white qtz vein in str chl,mod sil, wk ser alt 1T

host. Qtz vein 3-6cm thick. Tr py. 7

50351 13/10/2012 FK Pat's Pond # 1 469745 5361427 oc

O/C Qtz in black shale tr py. Str sil alt 3T + some

graphitic alt. med-dark grey. Qtz-carb veins x-cutting 2-

5mm. Tr py. 9

50352 13/10/2012 FK Pat's Pond # 1 469578 5361389 fl

Fl Mafic boulder with qtz, tr py. Qtz vein in intensely sil

alt 3T? Host. Tr pt, diss to 1mm cubes. Qtz milky white

massive 237

50353 13/10/2012 FK Pat's Pond # 1 469556 5361395 fl

Ang fl. 30 X60 cm. Sil with tr py,cpy, pb. Ridiculously sil

alt host, chert-like, pale grey/white w/ pink patches. Tr

py, cpy, galena 5

Sample No Date

Sampled

by Area

UTM East

NAD83

UTM North


Prospector

description

continued

Au ppbCu

ppm

Pb

ppm

Zn

ppm

Ag

ppm

50354 13/10/2012 FK Pat's Pond # 1 469544 5361404 fl

Ang fl. 20 X40 cm. Sil with tr py,cpy. Ridiculously sil alt

host, chert-like, pale grey/white w/ pink patches. 1%

py, tr galena. 2% vugs 143

50355 13/10/2012 FK Pat's Pond # 1 469541 5361407 fl

Ang fl,20 X 60 cm. Felsic with qtz vein tr cpy. Very str sil

alt 3T, 3 generations of qtz veins, 0.5mm qtz-carb, and

2 thinker 1-3cm veins. Tr py & malachite 5

50356 13/10/2012 FK Pat's Pond # 1 468935 5361198 oc

O/C Sheated mafic tr py. Mod chl, sil alt 3T; med-dark

bl/grey Str fol, tr py. 5mm qtz vein running through 12

50357 13/10/2012 FK Pat's Pond # 1 468903 5361195 fl

Fl 20 X 30 cm. Felsic with 1 to 2% py. Very intesenly sil

alt 3T? Pale grey/white. Massive to wk fol. 4% py diss

to 1mm cubes 860

50358 14/10/2012 FK Pat's Pond # 1 469833 5360426 oc

O/C Sheated mafic with carb, tr py. Str sil alt 3T. Med

bl/grey. 1% diss py 6

50359 15/10/2012 FK Pat's Pond North 470868 5361953 fl

Fl, Sil Mafic with tr py. Intensely sil alt 3T? Pale

grey/white. Blacke alt on sfc. Tr diss py 5


20x30 cm fl. Qtz with tr py. Massive milky white qtz. Tr

py diss to 2mm cubes. 5


10x25 cm fl. Qtz with tr py, asp. Massive milky white

qtz. Tr py diss, tr galena, arpy 6


20x30 cm fl. Qtz with carb tr py, asp. Milky white and

clear qtz, carb alt, 1% diss py, tr aspy 94

50363 15/10/2012 FK Pat's Pond North 469950 5362203 oc

O/C Sil with tr py. Very intensely sil alt 3T? Chert-like

with patches on pink in a generally pale grey rock. Tr

diss py 5


O/C Sil felsic with tr py. V str sil alt 3T with mod ser

overprinting. Tr py diss associated with qtz veins: 1-5

mm 6


O/C Sheared mafic with qtz, carb, tr py. Host v str sil

alt 3T with mod ser. Most of the sample in milky white

qtz vein. Tr py diss in qtz vein 5

Sample No Date

Sampled

by Area

UTM East

NAD83

UTM North


Prospector

description

continued

Au ppbCu

ppm

Pb

ppm

Zn

ppm

Ag

ppm


Ang fl. 40x40 cm. Massive py. 5ms_bm: 20% host str sil

alt 3T, 30% cp/bornite (dark bl/purple, peacook

colours). 50% massive py 291 57 22 17 1.8


Fl,20x25 cm. Qtz with tr py,asp. Massive milky white

qtz, 1 large 5 cm vug, tr aspy, tr euhedral 1mm py 5


Fl 15x20 cm. Felsic with stringer,diss py. Str sil, mod

carb alt 3T, pale grey, massive with 20-25% diss py to

1mm cubes 21


Ang fl,20x20 cm. Qtz with tr py,cpy, asp. Massive milky

white qtz w/mod carb alt. 1% diss py, tr aspy 387


Fl 25x30 cm. Qtz with diss & bleb py. Massive milky

white qtz with 7% pyritic mud 20 8 4 3 0.2


Ang fl,60cmx120cm. Str sil alt 3T, med bl/grey/green, tr

diss py 5


O /C 60 cm shear zone with gossan/weathered py in

mafic. Very str ser alt, pale blue/white 3T? Tr py. Very

str fol 5


O/C Ser schist with tr py. Very str ser alt 3T (med

bl/green), very str fol/shearing. Py stringers with fol,

6% stringers (stringers~60% py) 5


O/C 20 cm qtz vein in mafic tr cpy. Massive milky white

qtz, wk carb alt, tr py 5

50375 18/10/2012 FK Boomerang North 473797 5365640 oc

O/C Sheared felsic with ser diss py. Str fol, str ser, str sil

alt 3T(med bl/grey/green). Diss py throughout 2%. 4%

rounded clear qtz xtls. 5

50376 18/10/2012 FK Boomerang North 473637 5365779 fl

Ang fl 15x30cm. Sil mafic with carb,tr py. Very str sil

3T? Pale bl/grey. Tr py diss. Massive chert-like

apperence. 5

50377 18/10/2012 FK Boomerang North 473732 5366067 sc

S/C Qtz/sil with blebs py. Very intensely sil 3T?? Dark

grey to white. 8% py ranging from diss to diss blebs to

5mm cubes 58

Sample No Date

Sampled

by Area

UTM East

NAD83

UTM North


Prospector

description

continued

Au ppbCu

ppm

Pb

ppm

Zn

ppm

Ag

ppm


S/C Qtz/sil with tr py. V. int sil 3T?? Chert-like. White to

dark grey. 10% Py diss to blebs ~2 cm to 3mm euhedral

cubes. Tr cp 127


S/C Qtz/sil with tr py. V. int sil 3T?? Chert-like. White to

dark grey. 10% Py diss to blebs ~2 cm to 3mm euhedral

cubes. Mm scale qtz-carb veins 17


O/C Felsic with ser, diss py. Very str sil 3T? With a

sharpe contact to the very str sil and inetense ser part

of the sample. Ser alt section shows str fol. 3% Py diss

in ser, in mm blebs in sil. 87


O/C Felsic with diss py. Str sil and intensely ser 3T. Ser

alt gives talc-like apperence. Very soft, pale grey/white.

1% py diss. Str fol 242


O/C Stringer sulfide in felsic. Str sil str ser alt 3T. Plae

grey. V Str fol. 20% diss py. 265

50383 19/10/2012 FK Road Showing 471626 5365127 fl

Ang fl. Sheared mafic with qtz,silicafication. Tr py,

asp?. V str sil 3T? Pale grey/green. Massive, Tr diss py. 5


Ang fl. Mafic with 5 to 7% py. Mod chl wk sil 1T. Wk

fol. 7% diss py. 5


Fl 20x20 cm Qtz with py. Milky white qtz, massive, 1%

py concentrated in 6 cm bleb 5

50386 19/10/2012 FK Eagle South 471861 5364563 fl

O/C 20 cm shear in mafic. 2 to 3% py. Str ser, mod chl

alt 3T, bl/grey/green, extensive weathering. Py: 18%

diss to 1mm cubes 8

50387 20/10/2012 FK Eagle South 473778 5366156 oc

O/C Schist with qtz tr py. Int ser alt, pale bl/grey 3T. Tr

py. Boomerang footwall apperence 150

50388 20/10/2012 FK Eagle South 473771 5366141 oc

O/C Ser schist with tr py. V str fol (Boomerang footwall

alteration style), intense ser, str sil alt 3T. 1% diss py 60

50389 20/10/2012 FK Eagle South 474139 5366344 oc

O/C Ser schist with tr py. V str fol (Boomerang footwall

alteration style, crenulated apperence), intense ser, str

sil alt 3T. 1% diss py 42

Sample No Date

Sampled

by Area

UTM East

NAD83

UTM North


Prospector

description

continued

Au ppbCu

ppm

Pb

ppm

Zn

ppm

Ag

ppm

50390 20/10/2012 FK Eagle South 474960 5366553 fl

Ang qtz fl 30 X 30 cm. Many qtz boulders, tr py. Poss

s/c. massive milky white qtz. Tr py 5

50391 20/10/2012 FK Eagle South 474865 5366568 oc

O/C Silicified felsic with tr py. Very intensely sil alt 3T?

With 15% clear rounded qtz xtls from 5mm to 1cm 24

50392 20/10/2012 FK Eagle South 474914 5366591 fl

Ang fl 1m X 2m. Felsic with ser, stringer py. Altered 3T:

ser alt overprinted by str sil. Contains 15% clear

rounded qtz xtls 5mm - 1cm. 10-15% py in 1mm wide

stringers throughout. 5

50393 20/10/2012 FK Eagle South 475160 5366665 fl

Ang fl 40cm X 90 cm. Alt mafic with qtz and tr py. Alt 3T

with milky white qtz vein 1-6 cm thick. 3T: mod chl and

ser alt. tr py 5

50394 22/10/2012 FK Midas Pond North 477612 5365864 oc

O/C Ser scheist with tr py. Sample taken at historic

trench. Very str ser alt 3T? White, looks like mica, very

fol, shear zone? Tr py 35


O/C Qtz with tr py. Qtz veins, white with sugary texture

(could be sil alt qtz vein), massive. 5

50396 22/10/2012 FK Midas Pond North 478293 5365938 oc O/C Qtz. Milky white qtz vein 5


O/C Qtz with tr py, cpy.. Milky white to translucent qtz,

pink and orange weathering sfc, tr py 5


O/C Qtz with tr py, cpy.. Milky white to translucent qtz,

pink and orange weathering sfc, tr py 5

50399 22/10/2012 FK Midas Pond North 478293 5365985 fl

Ang fl. 20 X40 cm. Qtz with tr py. Milky white to

translucent qtz, tr py 5

50400 23/10/2012 FK RL 228 491575 5372011 fl

str chl, mod sil, mod ser alt 3T. 2mm qtx xtls 2%. Str fol

1% diss py throughout

Fl, 10 x 15 cm.

Mafic schist with tr

py. 14

50401 23/10/2012 FK RL 228 490855 5371629 fl Altered 3T: str ser, sil alt sil. 10-15% py diss

Rounded fl. 10 X15

cm. Alt mafic with

3 to 5% py. 14

Sample No Date

Sampled

by Area

UTM East

NAD83

UTM North


Prospector

description

continued

Au ppbCu

ppm

Pb

ppm

Zn

ppm

Ag

ppm

50402 23/10/2012 FK RL 228 491831 5371987 fl str chl, sil alt 1T? 10% py diss throughout. Tr malachite

Rounded fl. 10 X15

cm. Sil,chl, mafic

with tr py,cpy. 48 3600 10 51 5

50403 23/10/2012 FK RL 228 491953 5372104 fl massive milky white qtz, wk ser alt

Ang.qtz fl, 15x20

cm. 5

50404 23/10/2012 FK RL 228 491729 5372087 oc

v str alt and fol/sheared. Alt: ser, sil. Med bl/grey. Diss

py 1%

O/C Schist with tr

py. 36

50405 23/10/2012 FK RL 228 491719 5372082 oc

ser, chl alt 3T, v. str sil alt overprinting everything. Mod

fol. 2% py diss to 1mm cubes. 10% weathered out

py/sulphide

O/C Schist with tr

py. 13

50406 23/10/2012 FK RL 228 493247 5375646 oc

massive milkt white qtz veins, 1-8cm thick, in str ser, sil

alt 3T. Qtz veins contain 10% remnant 1mm py cubes.

Host contains 1% diss py.

O/C Mafic with

qtz,tr cpy. 5

50407 24/10/2012 FK RIL South 483340 5375246 fl

v str sil alt overprinting ser alt 3T. Wk fol. 4% py diss to

occasional 2mm cubes Ang fl. 25 X60 cm. 5

50408 24/10/2012 FK RIL South 483378 5375149 fl

5% str sil host, 95% massive sulphide: 80% py mud to

diss py, 15% euhedral 0.5-2mm cubes. Tr cp Ang fl. 40X70 177 28 30 9 2.6

50409 25/10/2012 FK Eagle Zone 475180 5367043 fl

intensily sil alt 3T? Wk fol, tr hem alt, tr py: 1 cm diss py

to 1mm cubes. Mylonite. White to pale grey

Ang fl. Sil with tr

py. 350

50410 25/10/2012 FK Eagle Zone 475056 5367062 oc

intensily sil alt 3T? Wk fol, tr diss py, mylonite (white to

pale grey). 2mm wide sulphide bearing qtz/carb veins x-

cutting, + 0.5mm off chutes running parallel O/C Silicification. 5

50411 25/10/2012 FK Eagle Zone 475050 5367058 oc

intensily sil alt 3T? Mylonite (white to pale grey)

hosting massive grey/white quartz vein.Tr py. Qtz vein

x-cut by secondary milky white 1cm wide qtz vein O/C Sil, Qtz carb. 13

50412 25/10/2012 FK Eagle Zone 475061 5367147 fl

smokey grey qtz, massive, one 1 cm wide sulphide

stringer with 7% diss py to 2mm cubes and tr cp.

Fl,20x20 cm Qtz

with tr py. 2897 102 11 19 23.6

Sample No Date

Sampled

by Area

UTM East

NAD83

UTM North


Prospector

description

continued

Au ppbCu

ppm

Pb

ppm

Zn

ppm

Ag

ppm

50413 25/10/2012 FK Eagle Zone 475286 5367155 oc

mylonite; very intensily sil alt 3T? White to pale grey.

Wk fol. 1 0.5mm clear qtz vein x/cutting. O/C Silicification. 13

50414 25/10/2012 FK Eagle Zone 475282 5367168 oc

mylonite; very intensily sil alt 3T? White to pale grey.

Wk fol. Occasionaly mm scale vugs. Mod silvery ser alt

along planes of fol. O/C Silicafication 41

50415 25/10/2012 FK Eagle Zone 475286 5367184 sc massive milky white qtz with patches of smokey qtz. S/C Silicification 6

50416 25/10/2012 FK Eagle Zone 475402 5367215 oc

white to grey mylonite: mod pink hem alt. 2

generations of additional 1mm wide qtz veins x-cutting.

1 qtz, 1 qtz-carb

O/C Silicific ation

with hem. 59

50417 12/10/2012 AM AM-12-097 475446 5367241 oc

mylonite: v. intense sil with str ser alt along foliation.

White/silvery grey. Weathering into sheets, shale-like,

along str fol 24

50418 13/10/2013 AM AM-12-104 476095 5367753 oc

str ser, mod carb alt 3T. Weathering along str fol.

Bl/grey. 20% clear qtz xtls 1mm 5

50451 24/10/2012 WK DRAGON 481740 5371868 fl

intensely sil, wk ser alt 3T? Wk fol, pale grey, 2% py:

diss to 1mm cubes. Cubes tend to occur in cm scale

patches

ANGULAR FLOAT

SILICIFIED WITH PY 26

50452 24/10/2012 WK DRAGON 481737 5371880 fl

v. intensely sil, wk carb alt 3T? massive, pale

grey/white. 7% py: diss to 0.5mm cubes. One spot it

appears a 4cm py cube is missing.

SILICIFIDE

ANGULAR FLOAT 3

% PY 115

50453 24/10/2012 WK DRAGON 481736 5371881 fl

massive milky white qtz veins with thin 2-5cm long

patches of intesely alt sil host (3T? As sample 50453).

Tr py in qtz, 7% diss py in patches of host.

QTZ VEIN 5CM

WIDE WITH PY

ANGULAR FLOAT 92

50454 24/10/2012 WK DRAGON 481045 5372128 oc massive grey qtz

QTZ VEIN 30M IN

LONG UP TO 15CM

WIDE IN PLACES

STRICKING 240 PY

ASPY 8

Sample No Date

Sampled

by Area

UTM East

NAD83

UTM North


Prospector

description

continued

Au ppbCu

ppm

Pb

ppm

Zn

ppm

Ag

ppm

50455 24/10/2012 WK DRAGON 481042 5372132 oc

massive grey qyz (as 50454) with 5% 2 cm patches of

diss to 1mm cubes of py. Wes noted this unit runs at

least 30m at 240° az. QTZ VEIN WITH PY 12

50456 24/10/2012 WK DRAGON 482409 5372031 fl

mod sil, mod ser alt 3T, v. wk fol, grey/blue. 12% diss

py. Occasional 1mm py stringers and 2cm patches.

FLOAT SILICIFIDE

WITH PY 55

50457 25/10/2012 WK Eagle North 478549 5368989 fl

massive str sil alt 3T. 12% diss py occuring in mm scale

interconnected stringers. Tr cp

Fl 10 X 15 cm

Mafic with tr py. 20

50458 25/10/2012 WK Eagle North 478097 5369437 oc grey translucent qtz, massive, 3% sulphide stain. O/C Silicification. 5

918877 Eagle AM/SD Eagle 476251 5367803 oc

v int sil alt My plus str sil, ser alt 3T contact. Smokey

grey QV.


mylonite: v int sil alt, white/pale grey. Dark grey

lineation (alt? Protolith?). Pale grey/blue ser alt along

fol. 1-5mm QV ~90° to fol.

918879 Eagle AM/SD Eagle 475825 5367532 oc massive milky white QV


v int sil alt 3T (similar to my). Str ser alt along fol, 1-

2mm scale QV x-cutting to fol. Pale grey to med

pink/cream to dark grey

918881 Eagle SD Eagle 475175 5367033 oc

QV in my. QV, massive milky white. My int sil, pale

grey/white

918882 Eagle AM Eagle 475167 5367024 oc

2-5 m from contact zone with My+QV. V str ser alt 3T,

med blue/grey. 1.5cm smokey grey QV. Small mm

patches of iron oxidation

Appendix III

Tulks South geology map

5360

000

5365

000

5370

000

5375

000

53600005365000

53700005375000

470000 475000 480000 485000 490000

470000 475000 480000 485000 490000

Pat's Pond #2

Pat's Pond #1

Road Showing

Midas Pond

Eagle Gold Zone

Halfway Pond

228 Gold

500 0 500 1000 1500 2000 2500

(meters)NAD83 / UTM zone 21N

Scale 1:35000

Fine-grained, mafic to intermediate volcanic tuffs with minor siltstone,sandstone, and shale. Minor un-separated felsic and mafic volcanics.

Mixture of light grey-brown, intermediate to felsic pyroclastic rocks andassociated epiclastic sediments. Minor mafic volcanics.

Annieopsquotch mafic volcanics.

Sediments (includes graphitic black argillite and shales, siltstones,and greywacke)

Massive sulphides.

Iron formation (ferruginous sediments).

Sericite-silica-pyrite alteration zones. Gradational with felsic volcanicrocks (yellow unit).

Undivided light grey-brown felsic to intermediate volcaniclastic tuffs.Minor mafic volcanics. Locally includes massive sulphide deposits.

Intermediate to mafic volcaniclastic tuffs. Minor un-separated silicictuffs. Includes Tulks Hill and Baxters Pond Basalts.

Tulks Quartz Monzonite: quartz porphyritic, quartz monzonite, granodiorite,quartz diorite, and local gabbro. Possible sub-volcanic intrusions.

Tulks Intrusive Suite - Gabbro andother mafic intrusive rocks.

Harmsworth Steady basalt.

Sheared, silicified, sericitized,carbonate altered felsic volcanic rocks(local Eagle mylonite zone).

Red Indian Line Shear (Tectonic Boundary)

Regional Thrust Fault

Strike-slip Fault

Claim Boundary

Regional Fault

Gold Prospect

Appendix IV

2012 Prospecting location map

D

D

D

D

D

D

!.

D

D

D

_̂

D

D

D

D

D

D

!.

!.

D

D

D

D

D

D

D

D

D

D

_̂!. !.

D

DD

_̂

_̂

!.

!.

!.

D

!.

!.

!.

!.

!.

D

D

D

_̂

D

D

D

D

D

D

D

!.

D

!.

_̂̂_

D

D

D

D

D

%2

D

!.

!.

D

D

D

D

%2

_̂

DD

D

D

D

D !.

!.

D

D

D

_̂!.

!.

DD

!.

!.

D

D

Tulks East

RL228 gold

Eagle Gold Zone

Valentine Lake Deposit

Midas Pond

Victoria Lake

Pat's Pond #1

Pat's Pond #2

Road Showing

Long Lake

Tulks Hill

Boomerang

Eagle North

Field Goal

Eagle South

Boomerang North

Dragon Pond

Red Indian Lake South

470000

470000

475000

475000

480000

480000

485000

485000

490000

490000

5360

000

5360

000

5365

000

5365

000

5370

000

5370

000

5375

000

5375

000

2012 Prospecting MapsOverview Map


Drawn By: Graeme Joyce Date: Sep. 24, 2012

NAD83 UTM Zone 21U

Buchans-Victoria Lake Area, Newfoundland

Legend2012 Prospecting (Au ppb)

0 - 100100 - 300300 - 500500 - 10001000 - 50005000 - 45000Prospecting Areas

Tulks South VMS Au zonesDeposit Type, Status_̂ VMS deposit!. VMS prospectD VMS showing%2 VMS boulders_̂ Gold deposit!. Gold prospectD Gold showing

Main Haul RoadGravel RoadsMessina Claims

/

0 1.5 30.75 Kilometers1:100,000Scale:

Appendix V

2012 Eagle geology map

Documents

November 19, 2003gis.geosurv.gov.nl.ca/geofilePDFS/Batch2016/012A_1623.pdfGold Zone where an interpreted mylonitic unit with associated alteration zones are present as well as gold