ONTEX RESOURCES INC.'S Faymar Property...ONTEX Resources Inc., 596 Hamilton Road London, Ontario N5Z1S6 Dear Sir, Please find enclosed the Report dated August 2000, on the recommendations

Reportto

Evaluate and Recommendan Exploration Program

on

ONTEX RESOURCES INC.'S

Faymar Property

Deloro TownshipTimmins Mining Division, Ontario

N.T.S. 42A/06

December, 2000 Thunder Bay, Ontario

J.G. Clark, HB.Sc., F.G.A.C. D. dillen, HB.Sc. Consulting Geologists Clark Exploration Consulting

42A06NE2022 2.21018 DELORO 010

TABLE OF CONTENTS

Letter of Transfer ... .. . .. . ... ......... . .. ...................... .. ... ......... .. i

Letter of Consent .. . . . . . . . . . . .. . .. . . . . . . . . . . . .. . .. . . . . .. . .. . .. . . . . . . . . . . . . . . . . ii

Summary .. . .. ... . ........... ................... .... .. ... ......... ... ... .... iii

Introduction ............................ ....................... ... . .. ... .... .. l

Location and Access . . .. . .. . .. . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 2

Topography and Vegetation .. ... . ... ...... ... . ... ............... .. . ..... ... .... .. 4

Claims: Status and Ownership ... ............. ................ ..... ............. .. 5

Regional Geology . ... ................ ................ ... .. . .. ... . .............. 9

Previous Gold Production ......................................................12

Property Geology and Gold Mineralization .........................................13

Exploration History ...........................................................15

ONTEX Resources Inc. Exploration and Results .... ......... ... . .. ...... ...... .... . 18

Conclusions and Recommendations . . . . .. . .. . . . . . .. . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

Budget . . ... ... .. . .. ... . ..... . .......... ......... . ............ ... .. ......... 22

References . . .. . . . . . . . . . . . . . . . . .. . . . . . . . . .. . .. . . . , . .. . .. . .. . .. . .. . .. . .. . .. . . . 24

Certificate of Qualifications .. . . . . . . . . .. . . . . . . . . .. . .. . . . . . .. . . . . . . . . . . . . . . . . .. . .. 25

List of Figures

Figure l: Regional Location Map .................... ...... ......... ......... . ... . 3Figure 2: Claim Map . . . . . . . . . . .. . . . . . .. . .. . .. . . . . . .. . .. . . . . . . . . . . .. . . . . . . . . .. . . 8Figure 3: Generalized Geology of Deloro Twp. ..................................... 10Figure 4: Geophysical Compilation ...............................................17Figure 5: Property Compilation ... ... . ...... ....... .... ........... . .. . ......... . . 18Figure 6: Longsection of the Faymar Mine . ...... ... . ...... . .. . .. . .. ... .... ... ... .. 20Figure 7: Surface Geology - Faymar Mine . .. . . . . . . . . .. . . . . . . . . .. . . . . . . . . . . .. . .. . . . 21

42A06NE2022 2.21018 DELORO 0 10C

List of Geophysical Maps (1:5000)

Map #1 Proton Magnetometer Contoured Data Map #2 Proton Magnetometer Data...................Map #3 Max Min II1777 Hz..............................Map #4 Max Min II 444 Hz................................

List of Tables

Table l: G. Clark Assays and Sample Descriptions ... .................. .. ... ......... lTable 2: Claim Status .... ... ............................. ............ ... ........ 5Table 3: Lithological Units of the Deloro Township Area ..... ... ..... ... ............. 10

List of Appendices

Appendix I: Assay Certificate of G.Clark SamplesAppendix II: Previous Regional Gold Production in the Timmins Resident Geologist District to

the End of 1999. Appendix III: HLEM Survey - Interpreted Conductor Axes

Thunder Bay, December, 2000

Mr. Gary Conn, President ONTEX Resources Inc., 596 Hamilton Road London, Ontario N5Z1S6

Dear Sir,

Please find enclosed the Report dated August 2000, on the recommendations and proposed budget for ONTEX Resources Inc.'s Faymar Property, Deloro Township, Northern Ontario.

It is evident, after careful study of the available information on the Faymar Property claims, that the group of claims has the potential to host economic gold mineralization and/or copper-nickel- platinum mineralization.

The reference material used to prepare this report is available in the author's office and in the Ministry of Northern Development and Mines, Resident Geologist's Office in Timmins, Ontario.

A diligent effort and a recommended S 228,675.00 budget is required to evaluate the gold/copper-nickel-platinum potential of the Faymar Property.

Sincerely yours,

J. Garry ClarkH.B.Sc., Geology, F.G.A.C.

Thunder Bay, December, 2000

President and Directors, ONTEX Resources Inc., 596 Hamilton Road London, OntarioN5Z 1S6

RE: Consent concerning the Report on the Faymar Property, Deloro Township, Ontario, dated August, 2000.

Gentleman:

I hereby declare that I personally compiled the information presented in the report from sources which I believe to be reliable and consent as follows:

-to the reference to my name, as author of the attached report, in a prospectus and/or statement of material facts which may be filed and published by ONTEX Resources Inc.;

-to the inclusion of the Summary of the said Report, in its entirety in the said Prospectus and/or Statement of Material Facts; and

-to placing on file by ONTEX Resources Inc., of the said Report and Summary, for examination of any person or persons wishing to read the said Report and Summary.

This letter is attached to the said Report and Summary. All or any part(s) of the said Report and/or Summary, may be used or reproduced with the prior written permission of the undersigned.

Sincerely yours,

J. Garry ClarkH.B.Sc., Geology, F.G.A.C.

11

ONTEX RESOURCES INC. FAYMAR PROPERTY

SUMMARY

INTRODUCTION

Clark Geological Consulting of Thunder Bay, Ontario was contracted by ONTEX Resources Inc. of Toronto, Ontario to author a Report to Evaluate and provide Recommendations for Exploration on the Faymar Property. The report and recommendations are based on:

l/ Exploration results provided Clark Exploration by ONTEX Resources Inc.;21 Public data archived at the Ministry of Northern Development and Mines, TimminsDistrict Geologist's Office, Timmins, Ontario;3/ Data collected by the author during a July, 2000 property visit.

The author, accompanied by Gary Conn of ONTEX Resources Inc., visited the Faymar property on July 15th to the 17th , 2000. The author examined the shaft of the former producing Faymar Mine, took samples for assay and verified the location of claim posts and boundaries.

LOCATION AND ACCESS

The ONTEX Resources Inc. Faymar Property is located in Deloro Township, approximately 7.5 km south of the city of Timmins. Access to the property is by means of the Timmins back road to the Buffalo Ankerite Mine turnoff, then south to the McKay Lake gravel road for approximately 4.5 km to the Faymar Mine road, which crosses onto the property in approximately l km.

TOPOGRAPHY AND VEGETATION

The Faymar Property area is characterized by gentle topography, typical of the Porcupine area, often with low swampy areas, occasional marshy zones and only moderate elevation above ground water. Hatch (1937) states that many rock outcrops occur (referring to the main 26 patented claim block). The property is drained by several small creeks, with the main drainage system, Shaw Creek , crossing the south end of the property. There are a number of small lakes and ponds, with the main Lakes being McKay Lake in the western portion of the property and Boyd Lake in the northern end.

CLAIMS: STATUS AND OWNERSHIP

The Faymar Property claims comprise 32 claims in Deloro Township, in the Porcupine Mining Division. Six of the claims have been recently staked (21 units) covering 336 hectares, while the remainder consists of 26 patented claims covering 411.7 Ha. The claims are recorded in good standing and are held by ONTEX Resources Inc. The claims are illustrated on the Deloro Township claim sheet (G-3993).

Clark Geological Consulting Hi December 2000


REGIONAL GEOLOGY (taken from Lapierre and Bernatchez reports)

The geology of the Timmins area consists predominantly of Precambrian metavolcanics and metasediments, which were later partially covered by unconsolidated Cenozoic deposits. The rocks are part of the Abitibi Greenstone Belt of the Superior Province. The Precambrian rocks represent a 12,000 metre thick sequence of lower- to middle-greenschist facies volcanics divided into three groups, from oldest to youngest: the Deloro, Tisdale and Porcupine Groups.

The Deloro group is primarily a calc-alkaline sequence approximately 5000 metres thick and is composed mainly of flows of andesite and basalt in the lower sequence and dacite flows and dacite and rhyolitic pyroclastic rocks toward the top, along with some oxide and sulphide facies iron formations. The Deloro Group is largely confined to a large domed structure in Deloro and Shaw Townships.

The Tisdale Group is approximately 4000 metres and consists of basal ultramafic volcanics and basaltic komatiites, overlain by tholeiitic basalts followed by calc-alkaline pyroclastics.

The Porcupine Group lies at the boundary of the Deloro and Tisdale Groups, and consists of a 3000 metre turbidite sequence of interlayered wacke, siltstone and conglomerate.

Large intrusions of medium- to coarse-grained dunite and lherzolite were subsequently emplaced almost entirely in the Deloro Group and may have acted as reservoirs for the overlying ultramafic flows in the Tisdale Group. Late Precambrian diabase dykes of various orientations intrude all of the Archean rocks in Deloro Township.

The main structural feature in the area is the Destor-Porcupine Fault, which trends northeast across the northwest portion of Deloro Township, dips steeply north and has a width in excess of 125 metres. Two periods of deformation are associated with the Destor-Porcupine Fault, and have produced shearing and folding in the rocks on both the north and south sides of the fault. To the south of the fault the main structural feature is the Shaw Dome, which forms an east-west anticlinal axis across the south part of Shaw Township, east of Deloro Township.

Clark Geological Consulting iv December 2000


PREVIOUS GOLD PRODUCTION

The following is selected from Bernatchez (1993), with some omissions, and pertains to the patented 26-claim block.

"The Faymar Porcupine Gold Mines Limited was incorporated in July of 1935 with an authorized capitalization of 3,000,000 shares of S 1.00 par value. Funds for the exploration and operation of the company were provided through a deal with Polaris Gold Mines (Canada) Limited. The head office was in Timmins, Ontario.

The company held five patented claims numbered HR 1166 to HR 1170 inclusive, containing a total of 175 acres in Deloro Township, 9 kilometres south of Timmins, Ontario. This was later expanded to a total of 26 claims (author).

The following work and buildings were completed on the Faymar Property from 1935 to 1939: a three compartment shaft to a depth of 206 metres; a milling plant capable of processing 200 tons per day; 634 metres of drifting; 653 metres of crosscutting, 154.4 metres of raising; and 6032 metres of surface and underground diamond drilling.

Together, the Faymar Porcupine Gold Mines Limited and Nakhodas Mining Company processed 119,181 tons of ore from the Faymar shaft, recovering 21,851 oz. of gold (average grade 0.18 oz/ton).

All operations at the Faymar and Fuller shafts were terminated by May 31, 1942. The Fuller claims reverted back to the original owners and the Faymar Porcupine Gold Mines and Nakhodas Mining Company were left with the 26-claim holdings in Deloro Township."

Subsequent work on the 26-claim patented portion of the property has focused primarily on exploration for, and a small amount of production of asbestos in the western part of the property.

In 1936, Del wood Porcupine Gold Mines Limited sunk a 20 foot deep pit on the northernmost claim of the property (the current P123 8404), on a well mineralized quartz breccia, yielding values up to 530/ton (Lapierre, 1992). Subsequent work included prospecting, trenching, blasting, shaft sinking, diamond drilling and sampling (assessment file T-2530), but no further production.

Clark Geological Consulting V December 2000


PROPERTY GEOLOGY

The Faymar property is underlain by rocks of the Deloro Group of the Abitibi Greenstone Belt. These rocks include a series of intermediate to ultramafic volcanics, quartz breccia, iron formation, and carbonatized, fuchsitic volcanics in the north end of the property (Lapierre 1992); and, a sequence of andesite and basaltic pillowed and massive flows toward the south (Bernatchez 1993). The northwestern claims on the property are intruded by what has been interpreted as a granodiorite-diorite stock (Lickley 1981). The west-central region of the property hosts a large north-south trending dunite body (Pyke 1975). This dunite body is largely altered to a serpentinite, which was the source of previous asbestos production and a target for copper-nickel exploration.

The rocks at the Faymar Mine site are intruded by minor quartz-feldspar porphyry dykes, and both early and late diabase dykes intrude the rocks of the south, southwest and west portions of the property (Bernatchez 1993). The northern-most claims of the property are intruded by ultramafic dykes (Lapierre 1992).

Structurally, the property is transected by three notable faults, the most prominent being the Shaw Creek Fault, which cuts roughly through the east-central portion of the property in a north- south direction about 400 metres east of the Faymar Shaft. Another minor fault has been mapped on the most easterly part of the property, trending northwest-southeast and cutting across claims H.R.I 166, P21351, and P21352. This fault has been interpreted as ending at the Shaw Creek Fault. The third fault is known as the McKay Lake Fault and cuts across the recently staked claim 1238401 in a north-northeasterly trend in the northwestern part of the property. The fault transects McKay Lake just south of this claim and intersects the Destor-Porcupine Fault 3 kilometres to the north.

Alteration on the property consists of talc, chlorite, carbonate, sericite and fuchsite in varying degrees; with local pyrite, magnetite, hematite, chalcopyrite and sphalerite mineralization.

Magnetic geophysical trends of a roughly east-west orientation possibly represent magnetite- bearing interflow sediments within the volcanics.

Clark Geological Consulting vi December 2000


EXPLORATION HISTORY

The Faymar Property was reportedly first staked in the early days of the Porcupine camp (Hatch1937). Hatch states that the Porcupine fire of 1911 destroyed all former buildings, but that a newcamp was constructed after the fire and still stood at the time of the incorporation of FaymarPorcupine Gold Mines Limited.1923-1926: The Porcupine Asbestos Syndicate produced 194 tons of chrysotile asbestos from an open

cut on claim P8709.1935: Faymar Porcupine Gold Mines Limited is incorporated in July, 1935 with an authorized

capitalization of 3,000,000 shares of S 1.00 par value. The company initially holds five patented claims (HR1166 to HR1170 inclusive), and would eventually build their property holdings to form the 26 patented claims included in the current Faymar Property. Actual exploration work is not recorded, but from 1935 to 1939 a three compartment shaft is sunk to 206 metres, a milling plant capable of 200 tons per day is built, and extensive underground development is driven. During this period Faymar enters a collaborative arrangement with Nakhodas Mining Company Limited, and by the time operations cease in May 1942 produce 28,417 ounces of gold from 163,209 tons of ore.

1936: Delwood Porcupine Gold Mines Limited states in it's prospectus of that year that it has sunk a 20 ft. pit on what is now ONTEX's claim P1238404, on a well mineralized quartz breccia with assays up to 530/ton. They also report other "promising looking" veins and a large mineralized float with "a plentiful scattering of visible gold" concluded to be close to its source of origin (Lapierre 1992). Subsequent exploration includes prospecting, trenching, blasting, shaft sinking, diamond drilling and sampling. This work leads to the drilling of twenty drill holes, eighteen of which test an east-west trending, 125 metre long, 0.6 to 2 metre wide iron formation southeast of Boyd Lake. While the initial drill program produces assays up to SIS/ton across 5 ft, subsequent drilling fails to yield anomalous gold values.

Late1940's: Faymar-Nakhodas options the patented block of the current Faymar claims to Asbestos

Corporation Limited, who performs magnetometer surveys and drills 12 vertical percussion holes on claims P8709, P8125, P8980, P9745, P19962, P8415, and P6098. The property is eventually returned to Faymar-Nakhodas.

Late1950's: Faymar-Nakhodas options the property to Nicolet Asbestos Mines Limited, who performs

detailed mapping on the numbered claims above. It is decided that the asbestos was both too low a grade and too short in fibre to be economically feasible.

1970: Lynx-Canada Exploration Limited drills a series of 8 holes in what is now ONTEX's claim P1236771, footages and assays are not available.

1981: AMAX Minerals Exploration performs detailed mapping on what is now ONTEX's claim P123 8401. Only one outcrop of granodiorite is found.

Clark Geological Consulting vii December 2000


1981-1984: On the northernmost claim of the current Faymar Property, (P 123 8404), Vatco

Exploration Limited and Legion Resources Limited perform prospecting, line cutting, blasting, geology, geophysics and geochemistry. The work results in the delineation of several geophysical anomalies, and sampling of old trenches yields assays of up to 0.09 oz/ton, but no further work is done.

1991: R. Collins stakes the former Delwood Property (ONTEX's claims P123 8403 andP1238404). During 1992 a geophysical program is conducted consisting of a total field magnetic survey, a VLF EM survey, and an HLEM survey. This is followed up by stripping and washing several target areas, detailed mapping, and sampling. The program delineates a "100 ft. wide, lenticular, fine-grained, talcose, carbonated, siliceous, oxidized, sheared carbonate zone" exposed in six trenches over a distance of 1,100 ft. (Lapierre 1992). All sampling returns anomalous gold values up to 1.25 grams/tonne gold. Also discovered at this time are several "floats" of mineralized, brecciated, quartz- rich, carbonated material, dispersed in a north-south direction over a distance of 1,100 ft. Sampling produces assays up to 6,030 ppb and 1,205 ppb. Trenching around the sites of the float fails to reach bedrock.

1993: The southern-most claim of the current property (ONTEX's claim P123 6771) is acquired by J. Grant and Y. Collin. A geophysical program consisting of a magnetic and VLF survey are followed up by prospecting and subsequent trenching. The trenching uncovers mafic and intermediate volcanic flows with some carbonate and silica alteration, with minor quartz veining and "very minor" pyrite mineralization (Grant 1993).

1993: R. Bernatchez Visits the property and completes a summary report.

Clark Geological Consulting viii December 2000


ONTEX RESOURCES INC. EXPLORATION AND RESULTS

In early 2000 ONTEX Resources Inc. undertook an exploration program on it's Faymar Property, consisting of line cutting, a magnetic survey and a Max-Min EM survey.

A total of 79.5 km of line was cut, with the baseline and tie lines aligned due east-west and winglines running due north-south on a 200 ft. spacing with stations every 50 ft. A series of east- west lines were also cut on 400 ft. spacing in the southwest section of the claims in order to better cover the ultramafic intrusive. The entire 79.5 km was covered by a total field magnetic survey, while the Max-Min EM survey covered 30 km over the magnetic trends and airborne EM targets.

The ground geophysical program (magnetic and Max-Min-EM) utilized the cut grid for control. The magnetic survey was completed on approximately 79.5 kilometres of lines using an EDA Omni Plus magnetometer/VLF-EM field unit and an EDA Omni Plus base station. The program focused on the original 26 patented-claim block, as the additional claims had not yet been acquired. The magnetic survey has been interpreted as defining the general east-west stratigraphy of the volcanics and sediments in the eastern part of the grid by identifying the metasedimentary breaks in the volcanics; and, also the north-south trending, irregular ultramafic intrusive in the western part of the grid.

The Max-Min survey was performed over 30 km of the grid, in several different locations of the grid in order to cover previous airborne EM anomalies and the magnetic trends which were interpreted as metasedimentary breaks in the volcanics.

As this report is being written, ONTEX Resources is undertaking to re-cut and extend some of the grid, as it was originally cut during the winter and thus requires upgrading in order to be suitable for a summer work program.

CONCLUSIONS AND RECOMMENDATIONS

ONTEX Resources Inc.'s Faymar Property has excellent exploration potential to develop an economic mineralized gold zone, with further potential for a copper-nickel-platinum deposit.

Previous exploration and work on the property has resulted in the production of 21,851 oz. of gold from 119,181 tons at the Faymar Mine. While records are few from the Faymar Mine period, it appears that the majority of the drill holes drilled by Faymar Porcupine Gold Mines were drilled on the main veins No. l *fe 2 near the Faymar shaft, and the southern 2/3 of the property has not been systematically mapped/explored (Bernatchez 1993). The northernmost claims on the property have produced encouraging results from exploration in the early 90's (Lapierre 1992) through stripping and sampling which was never followed up by diamond drilling, possibly due to an inability to raise financing. This is the same part of the property on

Clark Geological Consulting ix December 2000


which a 1000 ft. mineralized float train was discovered, but no bedrock reached with trenching.

A S228,675.00 two-phase exploration budget is required to fully evaluate the potential of economic gold mineralization and copper-nickel-platinum on the Faymar Property.

The Phase I (5139,575.00) program will comprise additional line cutting, prospecting, geological mapping, stripping, washing, detailed sampling and diamond drilling. The program will attempt to locate and reach more bedrock in the areas where previous work has failed to find any, expand known mineralized zones, and test the ultramafic intrusive for copper-nickel-platinum potential..

The line cutting will be completed to provide coverage on the new claims which surround the patented block.. The prospecting and geological mapping will define the gold bearing stratigraphy and locate areas for stripping and detailed sampling. The diamond drill program will comprise 500 metres of diamond drilling (5 to 6 diamond drill holes). The diamond drilling will evaluate the gold mineralization in areas where no bedrock could be reached but other work has indicated potential mineralization (i.e. float, geophysics and mineralized trends leading into swamp areas). The drilling will also test conductors within the ultramafic intrusive for base metal potential (i.e. copper-nickel-platinum).

The Phase II (589,100.00) program will comprise 1000 metres of diamond drilling. The diamond drilling will consist of 10 to 12 holes to assess the gold targets developed in the Phase I program, as well as any copper-nickel-platinum targets outlined.

Clark Geological Consulting x December 2000


BUDGET

Phase I

Line cutting (to cover the new claims)18 miles @ S4507mile . . .. . . . . .. . .. . . . . . . . . .. . .. . .. . . . . . . . .. . .. . . . . . . . . . . 8,100.00

Prospecting ( labour and all expenses )35 days @ S 300 7 day . ... ............ ... .... ..................... .. ..... 10,500.00

Geological Mapping ( labour and all expenses )35 days @ S 600 7 day ...... ....... ......... ... .... ......... .. . .. . .. ... .. 21,000.00

Soil Sampling (labour and assays)400 samples @ S 30 7 sample . ......... . ... ... ... ... .... ...... ... .. . .. ... . . 12,000.00

StrippingBackhoeMobilization and demobilization ..... ... . ......... ... ... ... ... ........ 2,000.00100 hours @ S 90 7 hour ...... . ......... ............. ... ... ......... . 9,000.00Washing, sampling and mapping ( equipment and labour)20 days @ S 800 7 day ... ...... . ... ...... ... . ...................... 16,000.00

Assay Costs (rock samples)300 samples @ S 15 7 sample .......... ... . ...... . ... ...... ... .. . ... .. 4,500.00

Diamond Drilling (all inclusive)500 metres @ S 75 7 metre . ... .......... .... ....... ..................... .. 37,500.00

Final Summary Report and Maps ........................................... 6,500.00

Contingencies ... .. . .. ... ... .... .... ... ...... ....... .... ......... ....... 12.475.00

TOTAL PHASE I S 139,575.00

Phase II

Diamond Drilling (all inclusive)1000 metres @ S 75 7 metre ...... ...... ....... . ............... ... . .. 75,000.00

Clark Geological Consulting xi December 2000


Assaying100 samples @ S 15 l sample ....... ... .... ...... .... .. ......... ... ... 1,500.00

Report, Sections and Maps .. ......... .............. ... ...... ... ... .. ...... 4,500.00

Contingencies . . . . . .. . . . . .. . .. . . . . . . . . .. . .. . .. . . .. . .. . .. . .. . . . . . . . . . . . . . . 8.100.00TOTAL PHASE II S 89,100.00

TOTAL PHASE I 4^ II: S 228,675.00

Clark Geological Consulting xil December 2000


INTRODUCTION

Clark Exploration Consulting ofThunder Bay, Ontario was contracted by ONTEX Resources Inc. of Toronto, Ontario to author a Report to Evaluate and provide Recommendations for Exploration on the Faymar Property. The report and recommendations are based on:

l/ Exploration results provided Clark Exploration by ONTEX Resources Inc.;21 Public data archived at the Ministry of Northern Development and Mines, TimminsDistrict Geologist's Office, Timmins, Ontario;3 1 Data collected by the author during a July 2000 property visit.

The author accompanied by Gary Conn of ONTEX Resources Inc., visited the Faymar property on July 15th to the 17th , 2000. The author examined the Faymar shaft and took samples for assay.

Table 1.

J.G. CLARK, FAYMAR PROPERTY, DELORO TOWNSHIP ROCK SAMPLE DESCRIPTIONS AND ASSAY RESULTS

SAMPLENo.

F-l

F-2

F-3

LOCATION

Rock dump by Faymar Shaft

Rock dump by Faymar Shaft

Surface cut, Vein #1, Faymar Mine

DESCRIPTION

Glassy quartz with patches of carbonate, trace pyrite

Chlorite-carbonate schist with quartz- carbonate veins parallel and perpendicular to strong foliation; l-207o euhedral pyrite l-2mm.

S-5% blebby coarse chalcopyrite in glassy jjuartz.

Au (g/t)

0.046

4.410

*7.238/ 9.809

* check assay included

Clark Geological Consulting December 2000


LOCA TION AND ACCESS

The ONTEX Resources Inc. Faymar Property is located in Deloro Township, approximately 7.5 km south of the city of Timmins (Figure 1). Access to the property is by means of the Timmins back road to the Buffalo Ankerite Mine turnoff, then south to the McKay Lake gravel road for approximately 4.5 km to the Faymar Mine road, which crosses onto the property in approximately l km.


750

QUEBEC

i iU.S.A.

Scale250

l

kilometres

500i

ONTEX RESOURCES LIMITEDFAYMAR PROPERTY

TIMMINS AREA. NORTHEASTERN ONTARIO

Regional-Scale Location Map

CLARK EXPLORATION CONSULTINGFigure 1

jure 1. Regional-scale location map.


TOPOGRAPHY AND VEGETATION

The Faymar Property area is characterized by gentle topography, typical of the Porcupine area, often with low swampy areas, occasional marshy zones and only moderate elevation above ground water. Hatch (1937) states that many rock outcrops occur (referring to the main 26 patented claim block). The property is drained by several small creeks, with the main drainage system, Shaw Creek , crossing the south end of the property. There are a number of small lakes and ponds, with the main Lakes being McKay Lake in the western portion of the property and Boyd Lake in the northern end.



CLAIMS: STATUS AND OWNERSHIP

The Faymar Property claims comprise 32 claims in Deloro Township, in the Porcupine Mining Division (Figure 2). Six of the claims have been recently staked (21 units) covering 336 hectares, while the remainder consists of 26 patented claims covering 411.75 Ha. The claims are recorded in good standing and are held by ONTEX Resources Inc. The claims are illustrated on the Deloro Township claim sheet (G-3993).

TABLE 2CLAIM STATUS

CLAIM NUMBER

SIZE (units/

hectares)

RECORDING DATE

WORK REQUIRED

WORK APPLIED

RESERVE EXPIRY DATE

P1236771

P 1236772

P 123 6773

P1238401

P 1238403

P 123 8404

5/80

1/16

2/32

5/80

4/64

4/64

May 29, 2000

May 28, 2000

May 28, 2000

May 03, 2000

May 03, 2000

May 03, 2000

S2000

S400

S800

S2000

1600

S 1600

SO

SO

SO

SO

SO

SO

SO

SO

SO

so

so

so

May 29, 2002

May 28, 2002

May 28, 2002

May 03,2002

May 03,2002

May 03,2002



Patented Claims

Patent Number

HR1212

HR1166

HR1167

HR1168

HR1169

HR1170

P5857

P5858

P6097

P6098

P8415

P8709

P8980

P9745

P 19962

P20206

P20207

P20208

P20209

P20216

Area (hectares)

21.61

5.86

13.74

15.76

20.20

15.35

13.74

27.47

7.27

11.62

25.40

20.91

25.98

18.15

17.10

14.14

13.80

13.90

15.48

16.48



Patent Number

P20227

P20228

P20249

P20899

P21351

P21352

Area (hectares)

17.11

12.00

16.06

6.06

14.85

11.71

Note: These patents require no assessment work, only the payment of municipal and provincial taxes.


, P \ 20207\ 20208 \

| l \\20228 i.———————V , ---—f p ,

20216 l

ROAD (not maintained)

PROPERTY BOUNDARY

LAKE/POND

POWER TRANSMISSION UNE


TIMMINS AREA, NORTHEASTERN ONTARIO

Claim Disposition

N.T.S. Map Sheet 42A/6Digital Cartography by D. CullenRavind: August, 2000

FIGURE 2


Figure 2. Claim disposition.


REGIONAL GEOLOGY

The geology of the Timmins area consists predominantly of Precambrian metavolcanics and metasediments, which were later partially covered by unconsolidated Cenozoic deposits. The Precambrian rocks represent a 12,000 metre thick sequence of lower- to middle-greenschist facies volcanics divided into three groups, from oldest to youngest: the Deloro, Tisdale and Porcupine Groups.

The Deloro group is primarily a calc-alkaline sequence approximately 5000 metres thick and is composed mainly of flows of andesite and basalt in the lower sequence and dacite flows and dacite and rhyolitic pyroclastic rocks toward the top, along with some oxide and sulphide facies iron formations. The Deloro Group is largely confined to a large domed structure in Deloro and Shaw Townships (Figure 3).

The Tisdale Group is approximately 4000 metres and consists of basal ultramafic volcanics and basaltic komatiites, overlain by tholeiitic basalts followed by calc-alkaline pyroclastics.

The Porcupine Group lies at the boundary of the Deloro and Tisdale Groups, and consists of a 3000 metre turbidite sequence of interlayered wacke, siltstone and conglomerate.

Large intrusions of medium- to coarse-grained dunite and lherzolite were subsequently emplaced almost entirely in the Deloro Group and may have acted as reservoirs for the overlying ultramafic flows in the Tisdale Group. Late Precambrian diabase dykes of various orientations intrude all of the Archean rocks in Deloro Township.

The main structural feature in the area is the Destor-Porcupine Fault, which trends northeast across the northwest portion of Deloro Township, dips steeply north and has a width in excess of 125 metres. Two periods of deformation are associated with the Destor-Porcupine Fault, and have produced shearing and folding in the rocks on both the north and south sides of the fault. To the south of the fault the main structural feature is the Shaw Dome, which forms an east-west anticlinal axis across the south part of Shaw Township, east of Deloro Township.



Table 2: Lithological Units of the Deloro Township Area (from Lickley 1981)

CENOZOICQUATERNARY

RECENTSwamp and stream deposits

PLEISTOCENEClay, till, sand, gravel and boulder

UNCONFORMITY

PRECAMBRIANMIDDLE TO LATE PRECAMBRIAN

(PROTEROZOIC)MAFIC INTRUSIVE ROCKS

Olivine diabase, quartz diabase

INTRUSIVE CONTACT

EARLY PRECAMBRIAN (ARCHEAN)

MAFIC INTRUSIVE ROCKS Diabase

INTRUSIVE CONTACT

FELSIC INTRUSIVE ROCKSQuartz feldspar porphyry, granite, diorite, granodiorite

METAMORPHOSED MAFIC INTRUSIVE ROCKSGabbro, quartz gabbro

INTRUSIVE AND GRADATIONAL CONTACT

METAMORPHOSED ULTRAMAFIC INTRUSIVE ROCKS Serpentinized diorite, peridotite

INTRUSIVE CONTACT


'9000 mC MOO me 10000 mt uooo me 44000 me

wwvwvvv xkj*V T7 V V V V .vV \y

476000 mE 478000 mf 480000 mE 482000 mE 484000 mE

EGEND

MAFIC MTRUSVE ROCKS (OobOM)

EARLY PRECAMBRMN

SYMBOLS

BOUNOMYOF FAYMMi PROPERTY

FAULT

FELSIC MTRUSIVE ROCKS

UIFIC TO ULTRAMAFIC MTRUSIVE ROCKS

CLASTIC METASEOIUENTARY ROCKS

MON FORMATION

JV V l FELStC CALC-ALKALIC UETAVOLCANK ROCKS

[ j MAFIC CALC-ALKALIC AND THOLEIITIC UETAVOLCANIC ROCKS

KOMATfnC UAFK TO ULTRAMAFIC METAVOLCANC ROCKS

LIST OF PAST PRODUCING MINES

STNCUNE

1. FAYAMR COLD MME [MB* 42A06NW-00028] (21351 oz. Ali produced)2. BOWMAN (NAKHOOASJ ASBESTOS MME [MX* 42A08NW-00034J (1*4 ton, of3. OELNHE GOLO MNEJUOJl 42AOCNW-OOOOS] (824.006 OZ. Au '4. AUNOR COLD MME [HOI/42A06-- 5. BUFFALO ANKERriE GOLD UME lO. CMQNNM1 PORCUPME INNES Li . - - k -m -— —~- - - -7. SLAGC-FORBES (SPARTAN) ASBESTOS UNE (MOtf 42A06NE-00021]S. UCLAREN-PORCUPME GOLD UME [Uttl 42A06NW-O0019) (201 oz. Au pradund)9. ANKERmi (MARCH) GOLD MME (MMf 42AOWW-00019) ( 1.038 oz. Au pnduood)

rtuert)

jt 4 01. AuproduMd)

ME [HMf 42AMNW-OOOZ7] (/M "oi'iii pradUMd)1*1 predund)

LIST OF MINERAL OCCURRENCES

to.11.12.13.14.15.16.17.18. 1*.20.21.22.23.24.25.

JOOCLO (PORCUPME TRIUMPH) GOLOWCCURWKE [MNf 42A06NW-00017] (4.6 OI.A"" foM. trab)PLACER 82-4 ZMC OCCURRENCE (Mf f 42A06NW-00180]PLACER 82-3 ZMC OCCURRENCE IMRf 42A06NW-0017f1PLACER 82 9 GOLD OCCURRENCE [Unl 42AOCMW-O919vlJASPER (SKYNNER LAKE) COLD OCCURRENCE (MOM} 42AO6NW-OOOH] (OJ6 oxVten gold onr 1O f**, drti Mmtttton)IABINE-MCMAHON (UCatNC-PORCUPINQ COLD OCCURRENCE (MDtf 42A06NW-0001S] (OJO ot/ton OAW. grab)

CLUCAS BOOKER COLD OCCURRENCEnSoif 42AMNW-OOf36] (O28 ot/ton geM wtr 4J tat. chonrwl) OELNAUR GOLO OCCURRENCE (unl 42A06NW-00014) (OJ5 o^Aon geM vwr 73 (ut. ckoniNl?) WEIR COLD pCCURRENCe ^M^MNW-OOO^

CKTORe PVIRO^ ̂ O^^&^gwN^M^ 42AOeNW-OOO4O] (O23 .^n y* o~r 9.0 f~t.COLD OUU. (raOCEGOLD) COLD OCCURRENCE (UOtf 42A06NW-00048]PARADIS CREEK COLD OCCURRENCE fuaf 42A06NW-00041)MS MTICHEU. OOLO OCCURRENCE M* j 42AOeNW-0004SlDAYTON (DELORO TP. IRON FORMATION) COLD OCCURRENCELYNX COPPER OC

42AOBNW-0013S]

42A06NE-00010] (0.01 az. An/ton AMT 2 IMt

(HEPOAUME (SHEnOAN) GOLD OCCURRENCE OPLOMAT (PMLADELPHIA) GOLO

42A06NE-00034] l 42AOnC-00039]

SCALE 1



GENERAUZED GEOLOGY OF DELORO TWP.

NXS. Mop amb 42A/S

Cortogmphy by 0. CuNn

2000

FIGURE 3ttogy A Wntral Oocutnncw:

OGS Hop* 2455 k PJ079; OFR Ml* UNCM MB DATABttE


Figure 3. Generalized geology of Deloro Township (geology modified from Ontario Geological Survey maps 2455 St P .2079; mineral occurrence data from the Ministry of Northern Development St M ines Mineral Deposit Inventory database, assessment files St O pen File Report 5012).


METAVOLCANICS AND METASEDIMENTS METASEDIMENTS

Conglomerate, lithic wacke, iron formation METAVOLCANICS

FELSIC CALC-ALKALIC METAVOLCANICSMassive, fine-grained flows, tuff, lapilli tuff, breccia

MAFIC CALC-ALKALIC METAVOLCANICSMassive, fine-grained flows, pillowed flows, tuff, lapilli tuff and breccia, sheared and carbonated pyroclastics

THOLEIITIC METAVOLCANICSMassive to medium grained flows, pillowed flows and flow breccia, minor tuff, lapilli tuff and breccia

KOMATIITIC METAVOLCANICSPeridotite, olivine spinifex, carbonate and talc alteration



PREVIOUS GOLD PRODUCTION

The following is selected from Bernatchez (1993), with some omissions, and pertains to the patented 26-claim block.

"The Faymar Porcupine Gold Mines Limited was incorporated in July of 1935 with an authorized capitalization of 3,000,000 shares of S 1.00 par value. Funds for the exploration and operation of the company were provided through a deal with Polaris Gold Mines (Canada) Limited. The head office was in Timmins, Ontario.

The company held five patented claims numbered HR 1166 to HR 1170 inclusive, containing a total of 175 acres in Deloro Township, 9 kilometres south of Timmins, Ontario. This was later expanded to a total of 26 claims (author).

The following work and buildings were completed on the Faymar Property from 1935 to 1939: a three compartment shaft to a depth of 206 metres; a milling plant capable of processing 200 tons per day; 634 metres of drifting; 653 metres of crosscutting, 154.4 metres of raising; and 6032 metres of surface and underground diamond drilling (Figure 6).

Together, the Faymar Porcupine Gold Mines Limited and Nakhodas Mining Company processed 119,181 tons of ore from the Faymar shaft, recovering 21,851 oz. of gold (average grade 0.18 oz/ton).

All operations at the Faymar and shafts were terminated by May 31, 1942. The Fuller claims reverted back to the original owners and the Faymar Porcupine Gold Mines and Nakhodas Mining Company were left with the 26 claim holdings in Deloro Township."

Subsequent work on the 26-claim patented portion of the property has focused primarily on exploration for, and a small amount of production of asbestos in the western part of the property.

In 1936, Delwood Porcupine Gold Mines Limited sunk a 20 foot deep pit on the northernmost claim of the property (the current P1238404), on a well mineralized quartz breccia, yielding values up to S307ton (Lapierre, 1992). Subsequent work included prospecting, trenching, blasting, shaft sinking, diamond drilling and sampling (assessment file T-2530), but no further production.



PROPERTY GEOLOGY and GOLD MINERALIZA TION

The Faymar property is underlain by rocks of the Deloro Group of the Abitibi Greenstone Belt. These rocks include a series of intermediate to ultramafic volcanics, quartz breccia, iron formation, and carbonatized, fuchsitic volcanics in the north end of the property (Lapierre 1992); and, a sequence of andesite and basaltic pillowed and massive flows toward the south (Bernatchez 1993). The northwestern claims on the property are intruded by what has been interpreted as a granodiorite-diorite stock (Lickley 1981). The west-central region of the property hosts a large north-south trending dunite body (Pyke 1975). This dunite body is largely altered to a serpentinite, which was the source of previous asbestos production and a target for copper-nickel exploration.

The rocks at the Faymar Mine site are intruded by minor quartz-feldspar porphyry dykes, and both early and late diabase intrude the rocks of the south, southwest and west portions of the property (Bernatchez 1993). The northern-most claims of the property are intruded by ultramafic dykes (Lapierre 1992).

Structurally, the property is transected by three notable faults, the most prominent being the Shaw Creek Fault, which cuts roughly through the east-central portion of the property in a north- south direction about 400 metres east of the Faymar Shaft. Another minor fault has been mapped on the most easterly part of the property, trending northwest-southeast and cutting across claims H.R.I 166, P21351, and P21352. This fault has been interpreted as ending at the Shaw Creek Fault. The third fault is known as the McKay Lake Fault and cuts across the recently staked claim 1238401 in a north-northeasterly trend in the northwestern part of the property. The fault transects McKay Lake just south of this claim and intersects the Destor-Porcupine Fault 3 kilometres to the north.

Alteration on the property consists of talc, chlorite, carbonate, sericite and fuchsite in varying degrees; with local pyrite, magnetite, hematite, chalcopyrite and sphalerite mineralization.

Magnetic geophysical trends of a roughly east-west orientation possibly represent magnetite- bearing interlow sediments within the volcanics (Figure 5).

At the Faymar Mine site gold is hosted by quartz veins within Archean pillowed basalts. The two main veins lie in the proximity of, and parallel to a 20 metre wide porphyry dyke (possibly a diorite?) which intrudes the pillowed basalts approximately 100 metres north of the shaft (Bernatchez 1993). The north vein (No. 2) is 0.3 to 2.5 metres wide and 300 metres long and lies adjacent to the porphyry dyke, while the second (No. 1) vein is approximately 20 metres south of No. 2. The veins strike N60 0 E and dip 50 0 to 60 0 to the south. Both veins and the adjacent wall rock are mineralized with pyrite, gold and minor chalcopyrite, and the host volcanics exhibit



chlorite and sericite alteration.

Three bulk samples are reported to have been extracted from the crown pillars of Veins l and 2 in 1979 (Figure 7) by Dr. Stan Malouf (Bernatchez 1993), with the following results being reported:

Vein No. l: 422 tons grading 0.32 oz Au/tonVein No. 2: 242 tons grading 0.158 oz Au/tonunknown: 35 tons grading 0.67 oz Au/ton

On the north end of the property, gold values of up to S30Aon have been reported from a well mineralized quartz breccia, on which Delwood Porcupine Gold Mines Limited sunk a 20 ft. pit in 1936 (Lapierre 1992). Subsequent exploration on this claim resulted in the discovery of a 125 metre long, 0.6-2 metre wide, lenticular iron formation to the southeast of Boyd Lake. Eighteen of twenty drill holes on the property tested this iron formation, resulting in gold values of up to SIS/ton across 5 ft.; however, supplementary drilling failed to yield anomalous values.



EXPL O RA TION HIS TOR Y

The Faymar Property was reportedly first staked in the early days of the Porcupine camp (Hatch1937). Hatch states that the Porcupine fire of 1911 destroyed all former buildings, but that a newcamp was constructed after the fire and still stood at the time of the incorporation of FaymarPorcupine Gold Mines Limited.1923-1926: The Porcupine Asbestos Syndicate produced 194 tons of chrysotile asbestos from an open

cut on claim P8709.1935: Faymar Porcupine Gold Mines Limited is incorporated in July, 1935 with an authorized

capitalization of 3,000,000 shares of Si .00 par value. The company initially holds five patented claims (HR1166 to HR1170 inclusive), and would eventually build their property holdings to form the 26 patented claims included in the current Faymar Property. Actual exploration work is not recorded, but from 1935 to 1939 a three compartment shaft is sunk to 206 metres, a milling plant capable of 200 tons per day is built, and extensive underground development is driven. During this period Faymar enters a collaborative arrangement with Nakhodas Mining Company Limited, and by the time operations cease in May 1942 produce 28,417 ounces of gold from 163,209 tons of ore.

1936: Delwood Porcupine Gold Mines Limited states in it's prospectus of that year that it has sunk a 20 ft. pit on what is now ONTEX's claim P123 8404, on a well mineralized quartz breccia with assays up to S307ton. They also report other "promising looking" veins and a large mineralized float with "a plentiful scattering of visible gold" concluded to be close to its source of origin (Lapierre 1992). Subsequent exploration includes prospecting, trenching, blasting, shaft sinking, diamond drilling and sampling. This work leads to the drilling of twenty drill holes, eighteen of which test an east-west trending, 125 metre long, 0.6 to 2 metre wide iron formation southeast of Boyd Lake. While the initial drill program produces assays up to S18/ton across 5 ft, subsequent drilling fails to yield anomalous gold values.

Late1940's: Faymar-Nakhodas options the patented block of the current Faymar claims to Asbestos

Corporation Limited, who performs magnetometer surveys and drills 12 vertical percussion holes on claims P8709, P8125, P8980, P9745, P19962, P8415, and P6098. The property is eventually returned to Faymar-Nakhodas.

Late1950's: Faymar-Nakhodas options the property to Nicolet Asbestos Mines Limited, who performs

detailed mapping on the numbered claims above. It is decided that the asbestos was both too low a grade and too short in fibre to be economically feasible.

1970: Lynx-Canada Exploration Limited drills a series of 8 holes in what is now ONTEX's



claim P1236771, footages and assays are not available.1981: AMAX Minerals Exploration performs detailed mapping on what is now ONTEX's claim

P123 8401. Only one outcrop of granodiorite is found.

1981-1984: On the northernmost claim of the current Faymar Property, (P 123 8404), Vatco

Exploration Limited and Legion Resources Limited perform prospecting, line cutting, blasting, geology, geophysics and geochemistry. The work results in the delineation of several geophysical anomalies, and sampling of old trenches yields assays of up to 0.09 oz/ton, but no further work is done.

1991: R. Collins stakes the former Delwood Property (ONTEX's claims P1238403 andP123 8404). During 1992 a geophysical program is conducted consisting of a total field magnetic survey, a VLF EM survey, and an HLEM survey. This is followed up by stripping and washing several target areas, detailed mapping, and sampling. The program delineates a "100 ft. wide, lenticular, fine-grained, talcose, carbonated, siliceous, oxidized, sheared carbonate zone" exposed in six trenches over a distance of 1,100 ft. (Lapierre 1992). All sampling returns anomalous gold values up to 1.25 grams/tonne gold. Also discovered at this time are several "floats" of mineralized, brecciated, quartz- rich, carbonated material, dispersed in a north-south direction over a distance of 1,100 ft. Sampling produces assays up to 6,030 ppb and 1,205 ppb. Trenching around the sites of the float fails to reach bedrock.

1993: The southern-most claim of the current property (ONTEX's claim P1236771) is acquired by J. Grant and Y. Collin. A geophysical program consisting of a magnetic and VLF survey are followed up by prospecting and subsequent trenching. The trenching uncovers mafic and intermediate volcanic flows with some carbonate and silica alteration, with minor quartz veining and "very minor" pyrite mineralization (Grant 1993).

1993: R. Bernatchez Visits the property and completes a summary report.


•l V ' i-iZr\ n ag \^™*:~~ ^~j~—-st.T.- V r.Y.Y/.l- f P .(.Y.Y.YB709 t::"" '-.-. .*:-:

LEGEND

Property Boundary

l ^ Road (not maintained)

l 0 l Open Pit

l a l Shaft

|"~~'"| Claim Line

l O l Lake/Pond

Airborne Magnetic Data

|''•—"l Magnetic Contour Line

[•/X';':-///! > 60,500 Gammas

I'yXv!] 59.500 - 60.500 Gommoe

[ -̂ [ Magnetic Depression

Airborne EM Anomalies ffi 3-4 channel 9 5—6 channel 97-8 channel 99-10 channel • 11-12 channel



Geophysical Compilation MapN.T.S. Map Sheet 42A/6Digital Cartography by D. dillenRented: August 2000

FIGURE 4Geophyticol Data: OGS IMP 81087

CLARK EXPLORATION CONSULTINGFIGURE 4

478351 482850

LEGEND

ROAD (not maintained)

PROPERTY BOUNDARY

LAKE/POND

...---j MAX-MIN TREND"A" DENOTES WORK BY ONTEX "B" DENOTES PREVIOUS WORK

MAGNETIC TREND"A" DENOTES WORK BY ONTEX "B" DENOTES PREVIOUS WORK

l tf t li) l DIAMOND DRILL HOLE; INCLINED.VERTICAL. AND SERIES OF HOLES

SHAFT

478351


TIMMINS AREA. NORTHEASTERN ONTARIO

PROPERTY COMPILATION

MlM COc^rtH t, a Mm

482850CLARK EXPLORATION CONSULTING

Figure 5.


ONTEXRESOURCES INC. EXPLORATION AND RESULTS

In early 2000 ONTEX Resources Inc. undertook an exploration program on it's Faymar Property, consisting of line cutting, a magnetic survey and a Max-Min EM survey (Maps 2 and 3).

A total of 79.5 km of line was cut, with the baseline and tie lines aligned due east-west and wing lines running due north-south on a 200 ft. spacing with stations every 50 ft. A series of east-west lines were also cut on 400 ft. spacing in the southwest section of the claims in order to better cover the ultramafic intrusive. The entire 79.5 km was covered by a total field magnetic survey, while the Max-Min EM survey covered 30 km over the magnetic trends and airborne EM targets.

The ground geophysical program (magnetic and Max-Min-EM) utilized the cut grid for control. The magnetic survey was completed on approximately 79.5 kilometres of lines using an EDA Omni Plus magnetometer/VLF-EM field unit and an EDA Omni Plus base station. The program focused on the original 26 patented-claim block, as the additional claims had not yet been acquired. The magnetic survey has been interpreted as defining the general east-west stratigraphy of the volcanics and sediments in the eastern part of the grid by identifying the metasedimentary breaks in the volcanics; and, also the north-south trending, irregular ultramafic intrusive in the western part of the grid.

The Max-Min survey was performed over 30 km of the grid, in several different locations of the grid in order to cover previous airborne EM anomalies and the magnetic trends which were interpreted as metasedimentary breaks in the volcanics.(INSTRUMENTATION AND RESULTS)

As this report is being written, ONTEX Resources is undertaking to re-cut and extend some of the grid, as it was originally cut during the winter and thus requires upgrading in order to be suitable for a summer work program.



CONCL USIONS AND RECOMMENDA TIONS

ONTEX Resources Inc.'s Faymar Property has excellent exploration potential to develop an economic mineralized gold zone, with further potential for a copper-nickel-platinum deposit.

Previous exploration and work on the property has resulted in the production of 21,851 oz. of gold from 119,181 tons at the Faymar Mine. While records are few from the Faymar Mine period, it appears that the majority of the drill holes drilled by Faymar Porcupine Gold Mines were drilled on the main veins No. l fc 2 near the Faymar shaft, and the southern 2/3 of the property has not been systematically mapped/explored (Bernatchez 1993). The northernmost claims on the property have produced encouraging results from exploration in the early 90's (Lapierre 1992) through stripping and sampling which was never followed up by diamond drilling, possibly due to an inability to raise financing. This is the same part of the property on which a 1000 ft. mineralized float train was discovered, but no bedrock reached with trenching.

A 5228,675.00 two-phase exploration budget is required to fully evaluate the potential of economic gold mineralization and copper-nickel-platinum on the Faymar Property.

The Phase I (5139,575.00) program will comprise additional line cutting, prospecting, geological mapping, stripping, washing, detailed sampling and diamond drilling. The program will attempt to locate and reach more bedrock in the areas where previous work has failed to find any, expand known mineralized zones, and test the ultramafic intrusive for copper-nickel-platinum potential..

The line cutting will be completed to provide coverage on the new claims which surround the patented block.. The prospecting and geological mapping will define the gold bearing stratigraphy and locate areas for stripping and detailed sampling. The diamond drill program will comprise 500 metres of diamond drilling (5 to 6 diamond drill holes). The diamond drilling will evaluate the gold mineralization in areas where no bedrock could be reached but other work has indicated potential mineralization (i.e. float, geophysics and mineralized trends leading into swamp areas). The drilling will also test conductors within the ultramafic intrusive for base metal potential (i.e. copper-nickel-platinum).

The Phase II (589,100.00) program will comprise 1000 metres of diamond drilling. The diamond drilling will consist of 10 to 12 holes to assess the gold targets developed in the Phase I program, as well as any copper-nickel-platinum targets outlined.


^ND. l SHAFT

225 FT LEVEL

350 FT ^Vl LEVEL

475 FT LEVEL

600 FT LEVEL

1050 FT LEVEL

LEGEND

OVERBURDEN

BEDROCK

FAULT

DRIFT, RAISE

SCALE

100 200 FEET

300



LONGITUDINAL VERTICAL PROJECTION OF MAIN ORE ZONE -E-W, LOOKING NORTH

H.T.S. Map amt 42A/6

Digital Cortography by 0. Culm

RmlMd: Auquit, 2000

CLARK EXPLORATION CONSULTING

.—^

DPEN PITS -MALDUF SAMPLE

SITES

LEGENDGDLD-BEARING VEINS

MASSIVE GREENSTONE

PILLOW LAVA

DIORITE

J O UTCROP AREA

-— GEOLOGICAL CONTACT

SCALE

50 metres

75 100



SURFACE GEOLOGY FAYMAR PORCUPINE GOLD MINE

N.T.S, Map ShMt 42A/6Digital Cartography by D. dillenRevised: August 2000

FIGURE 7

CLARK EXPLORATION CONSULTING


BUDGET

Phase I

Line cutting (to cover the new claims)18 miles @ S4507mile . ............. ......... .... ............... ... .. . .. . 8,100.00

Prospecting (labour and all expenses )35 days @ S 300 l day . ... ......... .... ... ......... . ... ... ... .. . . . . .. . .. . 10,500.00

Geological Mapping (labour and all expenses)35 days @ S 600 1 day ... . .. . ... ...... . ... ...... ... . ... ............ ... ... 21,000.00

Soil Sampling (labour and assays)400 samples @ S 30 l sample . . .. . ...... .... ... ... ... . ............... ... ... 12,000.00

StrippingBackhoeMobilization and demobilization . . . .. . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . 2,000.00100 hours @ S 90 l hour .. .... ...... . .......... ..................... . 9,000.00Washing, sampling and mapping ( equipment and labour)20 days @ S 800 l day .... .. . ...... . ... ...... . ..................... 16,000.00

Assay Costs (rock samples)300 samples @ S 15 l sample . . ...... ... . ...... . .................. .... 4,500.00

Diamond Drilling (all inclusive)500 metres @ S 75 l metre ... ...... . ... ... . ... ....... ...... ... ... . .. . .. . .. 37,500.00

Final Summary Report and Maps . . . . . . . . . . . . . . . . . . .. . . . . . .. . . . . .. . .. . . . . . . . 6,500.00

Contingencies . ... .. . .. . ... ...... . ... ... . ... ... . ...... . ... ... ... ... ..... 12.475.00

TOTAL PHASE I S 139,575.00

Phase II

Diamond Drilling (all inclusive)1000 metres @ S 75 l metre ..... . ...... . ...... . ......... ... . .. . ... .. 75,000.00



Assaying100 samples @ S 15 l sample .... ......... . ............ ......... ... ... 1,500.00

Report, Sections and Maps . .. . ... ...... . ... ...... ... . ... ... ... .. . .. . .. ... . 4,500.00

Contingencies .. . .. . .. . . . . . . . .. . . . . . . . . .. . .. . . . . . . . . .. . . . . . . . . . . . . . . . . . . . 8.100.00

TOTAL PHASE II S 89,100.00

TOTAL PHASE I 4- II: 5228,675.00



REFERENCES

Assessment Files, Timmins Resident Geologist's Office, Ministry of Northern Development and Mines; Timmins, Ontario

Bernatchez, R. A. 1993. A Preliminary Assessment of the Faymar Property, Deloro Township, Timmins, Ontario.

Grant, J. 1992. Geophysical Report for R. Collins Exploration on the Delwood Property, Deloro Township, Porcupine Mining Division, Timmins, Ontario.

Grant, J. 1993. Summary Report of the Stripping, Washing, Mapping, Geophysical Program for John Grant/Yvon Collin on the Shaw Creek Property, Deloro Township, Timmins, Ontario. OP-93-137, OP-93-138.

Hatch, H.B., 1937. Report on Geology and Structure, Faymar Mine, Deloro Township, Timmins Ontario.

Carlson, H.D. 1967. The Geology of Ogden, Deloro and Shaw Townships, District of Cochrane, Ontario. Ontario Department of Mines, Geological Branch, Open File Report No. 5012.

Lapierre, K. 1989. Geological Report for Kingswood Exploration Limited on Deloro Township Property North and South Grid.

Lapierre, K. 1992. Summary Report of the Stripping, Washing, Mapping Program, Delwood Property, Deloro Township, Timmins, Ontario. OMIP92-070.

Lickley, P. 1981. Report on a Geological Report. AMAX Minerals Exploration. Deloro-8, Project 1043-24.

Mine Production Data, 2000. Ministry of Northern Development and Mines, Mines and Minerals Division, Resident Geologist Program, Timmins District.

Pyke, D.R. 1975. Geology of Adams and Eldorado Townships, District of Cochrane; Ontario Division of Mines, GR121, 51 p. Accompanied by Map 2274, scale l inch to Vi mile.



Statement of Qualifications

I, J. Garry Clark of Thunder Bay, Ontario do hereby certify that:

1. I am a consulting geologist with an office at 1000 Alloy Drive, Thunder Bay, Ontario, Canada.

2. I am a graduate of Lakehead University, Thunder Bay, Ontario and hold a degree of Honours Bachelor of Science in Geology.

3. I am a fellow in good standing of the Geological Association of Canada.

4. I have practiced my profession continuously since 1983.

5. I have no present nor anticipated interest, either directly or indirectly in the property or securities of ONTEX Resources Inc.

6. Information in this report is based on data acquired from a number of sources including government reports and assessment files from the Timmins Resident Geologist's Office of the Ministry of Northern Development and Mines and field work. The author personally conducted a field inspection of the Faymar Property on July 15 and 16, 2000.

Thunder Bay, Ontario J. Garry Clark December, 2000



Statement of Qualifications

I, Des Cullen do hereby certify:

* I am a resident of Kaministiquia, Ontario, Canada with address R.RJ2, Kaministiquia, POT 1X0

* I have been engaged in base and precious metal exploration as a geologist since 1983

* I am a graduate of Lakehead University, Thunder Bay, Ontario (H.B.Se., Geology, 1988)

* I have not received, directly or indirectly, any interest in the company and its properties.

Signature:_^___^_^^_^^^_

Name: Des Cullen

Date:



APPENDIX I:

ASSAY CERTIFICATE of G. CLARK SAMPLES

FAYMAR PROPERTY, DELORO TOWNSHIP


ACCURASSAY LABORATORIESA DIVISION OF ASSAY LABORATORY SERVICES INC.

Wednesday, July 19,2000

Clark C onsulting 1000 Alloy Dr. Thunder Bay, ON, CA P7A6G5Ph#: (807) 768-7455 Fax#:

Certificate of Analyst1070 LITHIUM DRIVE, UNIT 2

UNDER BAY, ONTARIO P7B 6G3 PHONE (807) 623-6448

FAX (807) 623-6820

Date Received : 14-Jul-OO Date Completed :

Job # 200040562 Reference : Faymar Sample #: 3 Rock

Accurassay #

21589

21590

21591

21592 Check

Client Id

FI

F2

F3

F3

Au

ppb46

4410

7238

9809

Au

oz/t0.001

0.129

0.211

0.286

Au

g/t (ppm)0.046

4.410

7.238

9.809

PROCEDURE COOI

Certified By:

Page l of l


APPENDIX II:

PREVIOUS REGIONAL GOLD PRODUCTIONIN THE TIMMINS RESIDENT GEOLOGIST DISTRICT

TO THE END OF 1999.


PREVIOUS REGIONAL GOLD PRODUCTION IN THE TIMMINS RESIDENT GEOLOGISTS DISTRICT TO THE END OF 1999

Mine Name

Ankerite/March

Aquarius

Aunor Pamour(#3)

Banner

Bell Creek

Bonetal

Bonwhit

Broulan Porcupine

Broulan Reef Mine

Buffalo Ankerite

Cincinnati

Concordia

Coniarum/Carium

Crown

Davidson-Tisdale

Delnite (open pit)

DeSantis

DeSantis

Detour Lake

Dome

FAYMAR

Fuller(Vedron)

Gillies' Lake

Goldhawk (open pit)

Township

Deloro

Macklem

Deloro

Whitney

Hoyle

Whitney

Whitney

Whitney

Whitney

Deloro

Deloro

Deloro

Tisdale

Tisdale

Tisdale

Deloro

Ogden

Turnbull

Sunday Lake Area

Tisdale

Deloro

Tisdale

Tisdale

Cody

In Production

1926-1935

1984, 1988-89

1940-1984

1927-28,-33,-35

1987-91, 1992-94

1941-51

1951-54

1939-1953

1915-65

1926-53, 78

1914, 1922-24

1935

1913-18, 1928-61

1913-21

1918-20 1988

1937-64 1987-88

1933,39-42,61-64

1926

1983-99

1910-

1940-42

1940-44

1921-31,35-37

1947 1980

Tons Milled

317769

139634

8482 174

315

576017

352 254

200 555

1 146059

2 144 507

4 993 929

3200

230

4 464 006

226 180

9371 43850

3 847 364 56067

196 928

NA

16005557

75 187047

119181

44028

54502

636 40000

Oz. Au

61 039

27117

2502214

670

112739

51 510

67940

240 660

498 932

957 292

736

16

1 109574

138330

2438 7301

920 404 3602

35842

1 781 858

13 920 896

21851

6566

15278

53 3967

Grade

0.19

0.19

0.30

0.13

0.196

0.15

0.34

0.21

0.23

0.19

0.23

0.07

0.25

0.61

0.26

0.20 0.77

0.18

NA

0.111

0.185

0.180

0.15

0.28

0.08 0.10

Mine Name

Halcrow-Swayze

Hallnor(Pamour #2)

Hollinger-Schumacher

Hollinger Pamour Timmins Property

Hoyle-Falconbridge

Hoyle Pond

Hugh-Pam

Jerome

Joburke

Kingbridge/Gomak

Marlhill

Mcintyre Pamour Schumacher (ERG Tailings Recovery)

McLaren

Moneta

Naybob(Kenilworth)

Nighthawk

Owl Creek

Pamour # 1 (incl. Pits 3,4 fc 7) Pamour/Hoyle

Pamour(other sources)

Paymaster

Porcupine Lake (Hunter)

Porcupine Peninsular

Preston

Preston NY

Township

Halcrow

Whitney

Tisdale

Tisdale

Whitney

Hoyle

Whitney

Osway

Keith

Chester

Hoyle

Tisdale

Deloro

Tisdale

Ogden

Macklem

Hoyle

Whitney

Whitney

Deloro

Whitney

Cody

Tisdale

Tisdale

In Production

1935

1938-68,81

1915-1918

1910-68 1976-88

1941-44,46-49

1985-

1926,48-65

1941-43,56

1973-75,79-81

1935-36

1989-91

1912-88 1988-89

1933-37

1938-43

1932-64

1996-99

1981-89

1936-99

1936-99

1915-19,22-66

1937-40, -44

1924-27, -40, -17

1938-68

1933

Tons Milled

211

4226419

112 124

65 778 234 2615866

725 494

3 187886

636751

335 060

440 117

1 387

156800

37 634 691 2549 189

876

314829

304100

1 479 607

1 984 400

45 795 863

7416634

5 607 402

10821

99688

6 284 405

2800

Oz. Au

40

1 690 560

27 182

19327691 182058

71 843

1 299 638

119604

56893

43571

98

30924

10751 941 18260

201

149250

50731

175 803

236 880

4 078 525

676 645

1 192206

1 369

27354

1 539355

153

Grade

0.19

0.40

0.24

0.29 0.07

0.10

0.41

0.19

0.17

0.10

0.07

0.199

0.29

0.23

0.47

0.17

0.12

0.12

0.09

0.091

0.21

0.13

0.27

0.24

0.05

Mine Name

Preston/Porcupine Pet

Preston/Porphyry Hill

St. Andrew Goldfields - Stock

Tionaga/Smith Thorne

Tisdale Ankerite

Tommy Burns/ Arcadia

Vipond

TOTAL

Township

Deloro

Deloro

Stock

Horwood

Tisdale

Shaw

Tisdale

In Production

1914-15

1913-15

1989-94

1938-39

1952

1917

1911-41

Tons Milled

NA

46

758 000

6653

14655

21

1 565218

308 606 994

Oz. Au

314

312

119000

2299

2236

14

414367

65 776 142

Grade

6.78

0.19

0.35

0.15

0.28

0.26

0.213


APPENDIX III:

HLEM SURVEY - INTERPRETED CONDUCTOR AXES


Favmar Property - HLEM Survey - Revised

Survey conducted in March, 2000

Interpreted Conductor Axes

Location Conductive Trend Comments

15400E/4010N 15200E/3940N

13600E/2350N 13400E/2210N

13600E/2910N 13400E/3050N

12200E/1850N 12000E/1800N 11800E/1700N 11600E/1610N 11400E/1600N

12200E/1075N12000E/1040N11800E/875N11600E/895N11400E/900N

12200E/1175S 12000E/1125S 11800E/1025S 11600E/975S

10200E/4000N 10000E/3800N

11000E/400S 10600E/575S

11000E/750N 10600E/600N

10200E/1375N 10000E/1280N

B

D

G

H

weak

moderate

weak

strong conductor

strong

moderate

weak

weak

moderate

moderate to strong conductor

Location

9800E/1400N 9600E/1200N 9400E/1270N 9200E/1250N

10200E/400N10000E/300N9800E/300N9600E/300N9400E/325N9200E/350N9000E/390N

10200E/500S10000E/550S9800E/550S9600E/625S9400E/800S

9000E/900N 8800E/900N

8800E/1150N 8600E/1175N

8200E/975N 7800E/1000N

7600E/2300N

6000E/1600N 5800E/1575N 5600E/1505N 5400E/1500N 5200E/1625N 5000E/1750N 4800E/1825N

6200E/2725N 6000C/2900N

Conductive Trend Comments

J moderate to strong

K

M

N

O

P

Q

moderate

moderate

moderate

weak

weak

moderate

strong conductor

R moderate

6200E/1910N strong conductor

Location Conductive Trend Comments

1600N/8500E 1200N8550E

strong conductor

1600N6900E 1200N/6825E

U strong conductor

MINISTRY OF NORTHERN DEVELOPMENT AND MINES

Work Report Summary

Transaction No: W0160.00131 Status: APPROVED

Recording Date: 2001 -MAR-29 Work Done from: 2000-JAN-15

Approval Date: 2001-AUG-24 to: 2000-MAY-31

Survey Type(s): 42A06NE2022 2.21018 DELORO JJQQ

EM LC MAG

Work Report Details:

Claim*

G 6000437

G 6000438

G 6000439

G 6000440

G 6000441

G 6000442

G 6000443

G 6000444

G 6000445

G 6000446

G 6000447

G 6000448

G 6000449

G 6000450

G 6000451

G 6000452

G 6000453

G 6000454

G 6000455

G 6000456

G 6000457

G 6000458

G 6000459

G 6000460

G 6000461

P 1236771

P 1236772

P 1236773

P 1238401

P 1238403

P 1238404

Perform51,091

51,556

32,315

51,264

51,498

51,255

51,286

51,249

5992

5968

51 ,856

5533

51,249

51,433

51,838

51,396

52,362

51,555

5667

51,903

52,310

51,057

5661

51,461

51 ,407

50

50

50

50

50

50

535,162

Perform Approve

51,150

51,600

52,400

51,300

51,550

51,300

51,350

51,300

51,050

51,050

51,900

5600

51,300

51,500

51,900

51,500

52,516

51,600

5750

52,000

52,400

51,100

5750

51,500

51,450

50

50

50

50

SO

SO

536,816

Status

Applied

so5050

50

SO

SOsososososososoSO

so50so5050

sosososososo

54,829

51,057

52,310

55,071

53,937

54,484

521,688

Applied Approve

SO

soSO

soSO

so50

5050

sosososoSO

sosososososo505050

50

soso

S400

soS2,000

51 ,600

51,600

55,600

Assign Assign Approve

sosososososoSOsoSO

5051,856

5533

51,249

51,433

51,838

S 1,396

52,362

51,555

5667

51 ,903

52,310

51,057 1

S661

51,461 1

51,407 1

SO

SO

50

SO

SO

SO

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

800

.100

750

,500

,450

0

0

0

0

0

0

521,688 55,600

of claim is based on information currently on record.

Reserve

51,091

51,556

52,315

51,264

51,498

51,255

51,286

S 1,249

S992

5968

SO

SO

SO

SO

50

50

50

SO

50SO

sosososoSOso50

50

50soso

S1 3,474

Reserve Approve Due Date

51,150

51,600

52,400

51,300

51,550

51,300

S1.350

51,300

51,050

51,050

51,900

5600

51,300

51,500

51,900

51,500

52,516

51,600

S750

52,000

51,600

SO

SO

50

5050 2002-MAY-29

SO 2003-MAR-28

SO 2002-MAR-28

SO 2003-MAY-03

50 2003-MAY-03

SO 2003-MAY-03

531,216

2001-Aug-31 09:55 Armstrongjd Page 1 of 1

Ministry ofNorthern Developmentand Mines

Date: 2001-AUG-24

Ministere du Developpement du Nord et des Mines Ontario

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

ONTEX RESOURCES LIMITED 596 HAMILTON ROAD LONDON, ONTARIO N5Z1S6 CANADA

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

Dear Sir or Madam

Submission Number: 2 .21018 Transaction Number(s): W0160.00131

Subject: Approval of Assessment Work

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

At the discretion of the Ministry, the assessment work performed on the mining lands noted in this work report may be subject to inspection and/or investigation at any time.The assessment credit is being increased by S1.654.00 to accommodate some linecutting costs that were not included in the original total costs. The TOTAL VALUE of assessment credit that will be allowed, based on the information provided in this submission, is 336,816.00.

If you have any question regarding this correspondence, please contact LUCILLE JEROME by email at [email protected] or by phone at (705) 670-5858.

Yours Sincerely,

Ron GashinskiSupervisor, Geoscience Assessment Office

Cc: Resident Geologist

James Garnet Clark (Agent)Ontex Resources Limited (Assessment Office)

Assessment File Library

Ontex Resources Limited (Claim Holder)

Visit our website at http://www.gov.on.ca/MNDM/LANDS/mlsmnpge.htm Page: 1 Correspondence 10:16298

tVf- 1 DPUFH1

PROVINCIAL MINING

MINING LAND TENURE

MAP

iMO

a taSs

to o o

TRP17Z l TftP17o

General Information and LimitationsC 9IUDHHM11 Mill KZUTBW l" mri Batf MtMd, UMHkinrf HrfofdlKlon nw Jtao M cbt*l

Date /Time of Issue Apr 5 2001

TOWNSHIP l AREA

DELORO

11:2 2 h E astern

PLAN

G-3993

ADMINISTRATIVE DISTRICTS l DIVISIONSMining Division Porcupine

Land Tlttes/Registry Division COCHRANE

Ministry of Natural Resources District TIMMINS

TOPOGRAPHIC

u D

LAND TENURE

Q (D Q Q

LAND TENURE WITHDRAWALS

IMPORTANT NOTICES

! LAND TENURE WITHDRAWAL DESCRIPTIONS

Jit. t mJ..IHH

IMPORTANT NOTICESA(*H MWrnNM itM

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101109-194-336-414-465-500-525-541-555-598-619-617-629

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r-1180

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43-446-406-484-500-526-495-556-564-559-544-532-535-505-442

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44672347128832361951491100-52-1237 756 1034 95! 2634 170 647 666 130

-125234422826141409975294

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574579585587592595605614628617621

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89968968994988958

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t 709

622 619 615 624 639 64-4

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0610598Q594I-R598-592-591-576-579-481-388-517-565-595-599-585-571

f -585-584-594-605-607-6)0-601-595-595-585-569-579-605-624-P, 30

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0417-424-430-440-446-449-465-468 ^450-424

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-303-290-325-367-397-424-446-469-498-532-566-589-622-669-741-820-914-786 110908966

-S 77

-635-699-755-640-444-357-417-388-417-438-503-561-602-636-682-739-690-641-623-471783309

-433-563-619-422-224-500-633-616-616-626-645-666-682-715-752-728-645-621-534-755-849-37

-609-686168531-205-69-501-697-637-615-598-596-600-607-636-577-587-601-564-788-522

-720-810 1014-264-488-530-553-689-659-641-618-597-621-785-707-582-635-566-620-740-89!

-417-429-434-437-462-524-524-542-550-579-594-614-612-621 1319 14 70-274-2U-346-438-345-498-555-581-604-594-571-392-189-358-239 61-289-387-386-388-459-502-536-564

-408-416-427-435-444-445-455-493-502-497-503-497-457-396-244

601 755 989 -303

-483 p -475-497 l -500

-187-158-287-417-436-448-458-470-J&r

-626-685-753-817-886-846-409171

25571378

-612-667-719-770-831-900-8466192726

GEOPHYSICAL LEGEND-407-532-278-380-392-42 f-694-610-607-558-299-133-318-303-262-356-421-426-408-397-442-491-531-549

572441324380356472548541523475458489498419354465502515524533554571580586

30-298-269-267-330-510-521-531-533-494-466-432-398

520-262-468-526-542-550-573-586-572

DATVU: 59000 GAMMAS

INSTRUMENT: K DA Omni + Proton299106-301-437-535-572-593

1877660-477-623-676-709-678-645

-235-241-468-575-578-592-602-61-622-629-669

-560-554-557-562-575-592-614-636-600-56 425 124-283-452-531-578-598

-640 CP566-668 r-537

l r-546 0427

-543 C3609-494 -493

-604-625-644-690-659-674-674-694-673-533-482-568-525-512-519-467-389

-5/7-581-590-604-598-553-503-540-564-578-587-604-599

-670-623-549-509-579-604-359 331-30-322-417-408-251

-438-399-427-299-164-258-335-392-409-438-480

Scale 1:4800250 500 750

-605-602-604-603-593-5

589591604610625614480

-W-605-618-621 -.587-573 553

579 -^469 29451 --486 ^

-609-622-620-621

-615-619-646

-479-521-564-589-580-583-598

-342-446-511-537 568 588

-570 P-653 580 -654

-16-351-445-490-500

1236771 ONTEX RESOURCES LIMITEDFAYMAR PROPERTY

Proton Magnetometer Data . MAIN GRID MAP

KANADIAN EXPLORATION INC.i L—.

4000E 450O:-r2500E 13000E 13500E 14000E 14500E-r 15000E 15500E ~r

* .'I.'

GEOPHYSICAL LEGEND

DATUM: 59000 GAMMAS

INSTRUMENT; EDA OMNI + Proton Magnetometer

CONTOUR INTERVAL: 250 GAMMAS

MAGNETIC LOW: ,^-r————T—-—-^( }

250Scale Bor

250 500 750 •••••a

(ieet)

1000 1250

40 00 E 4500E 5000E 5500E 6000E 6500E 7000E 7500E 8000E 8500E 9000E 9500E 10000E 10500E 11000E 1500E 12000E 12500E 13000E 13500E 14000E 14500E 15000E 15500E

42A06NB2022 2 .21018 DELORO 220

ONTEX RESOURCES

Proton Mognetoneter Survey (Xontoured)

Total Field with Contours Map tt l

Clark Exploration Consulting

uD (J U

o M ea

I Os

M W O

4800E 5200E 5600E 6000E 6400ET

6800E 7 2 GOE"T

7600E 8000E-r 8400E ~r 8800E 9200E ~ 12800E 13200E 13600E 14000E 14400E 14800E ~r 15200E 15600E

48GOE 5200E 5600E 6000E 6400E 6800E 7200E 7600E 8000E 8400E 8800E 9200E 9600E IOOOOE 10400E 10800E 11200E 11600E 12000E 12400E 12800E 13200E 13600E 14000E 14400E 14800E 15200E 15600E

-N-

GEOPHYSICAL LEGENDIfiSTKUMFf/T: AffJf MAX-MJN II+

PROFILE SCALE1: fCJK = i Of.

POSITIVE READINGS TO THE RIGHT OF LINE

COIL SEPARATION: f00 METRES

250Scale 1:4800

250 500asef(feet)

1000 1250

ONTEX RESOURCES EiMITEDFAYMAR PROPERTY

MAX MIN HLEM SURVEY - 444 Hz. MAIN GRID____________________ MAP tt3

COIL SEPARATION ^ 400 FT. FREQUENCIES SURVEYED = 4 44 AND 1777 HZ.

1 CM = 10% IN PHASE ————- QUAD. - - - -

KANADIAN EXPLORATION INC.

H

UH1 O

O 71 O

10if", o

HR 1167P

8980HR

1166

19962

HR 1168

11.117. -a*

P

20206

-2.'.*5.f -I.. 2

GEOPHYSICAL LEGENDP

20207INSTRUMENT: APSX tfAX-MIN II+

PROFILE SCALE: f CM - /OX POSITIVE READINGS TO THE RIGHT OF LINE

COIL SEPARATION: f00 MfTRSS

1236773

Scale 1:4800250 500 750

ONTEX RESOURCES EIMITEDFAYMAR PROPERTY

MAX MIN HLEM SURVEY - 1777 Hz. MAIN GRID MAP1236771

COIL SEPARATION = 400 FT. FREQUENCIES SURVEYED ^ 444 AND 1777 HZ.

1 CM ^ 1095 IN PHASE ———— QUAD. - ~ - -

KANAD/AN EXPLORATION INC.

Documents

ONTEX RESOURCES INC.'S Faymar Property...ONTEX Resources Inc., 596 Hamilton Road London, Ontario N5Z1S6 Dear Sir, Please find enclosed the Report dated August 2000, on the recommendations