])4Vlj - 003Q- I

STATUTORY PROSPECTUS

SUNBEAM EXPLORATION COMPANY LIMITED

SUNBI::AM FXPl()IlATION COMPANY flO

ST ,'\ TUTOR 'i' A.O~iptc:;T\JS

,., .., /MJ ,fhJ tH!i, ,Iv On;.".,., Ynml,,'s CII",,,,t!i1'f4n .. ,un Iw fw-' t'm,

ill) SUNlllAM EXH.CJllAnoN COMPANY UMITID hcr"""{l~', i.?#: e-."~ .., ..... ~ ~,. "$ "dw ~ft,,, .11.10, ......... __ .. """_J fri !h~ Au. 0nutiG. '" t-~ d.-lid d~ 27tl1 -f ot Mar. 1"" ..... __ Kenw .. n Goid Mm", , 3v ~ Let*, ht«a( "d the 'ft. cd' s.pf~, ItH. tIN C4InpMy" 11_ "'U CMJ:I/l:t:I:! to ~untl(>am Esplondoo Company ~ TIle U,,<I<d 01 tM C;omS-1IJ ill __ d lit .4S y~ StlWt. T<lI:o,,,,,, O .. uann.

(b> TM toU-ina lIP the oticw. ADd Dirccton !.! tlK Comrany, vue

Oflicrt" .. DW~dOf's

PP.UIDI:NT AND DM"CTOk

DlaECTo"

"'.", .. in /.J/ lind (),., .. "",t«m

1)1\ VII> FOR'iYTIt Bl"R T, Sol.citor

WILLIAM CRAWFORD. Mining Executive

HERBERT RODNEY HEARD, Chutered Accountant,

NEV!LE SMITH, Account.nt

ARTHUR WAl.TER WHITE. Mining Executive

PROM OTF. RS A. W. WHITE, 61 Old Forest Hill Rood, Toronto, and WILUAM CaAwPo"U, R.R. No. J, Bnmi'ton. Ontario.

AN",. i'It l!tll 159 l\ __ dI Avenue. Tor<tf'to. On11l">0

R.1l No. 1 8ramp_, t)ntJno

464 Brmdway Avenue, Trmmto. Onu",o,

R.R. No 2 Ccntlfio Ga~ 1 ~ 5 I SlIddon Avenue, Tr.f.lg.r Towmhip. 03kville.

6 I Old FOI'f$t Hill Rood. Toronto, Onurio.

(c) The Compai~Y's auditors are Field Duch &. Comp.ny, 2 Bloor Stl'ttt East, Toronto, Onurio. (d) 'i'he reginrar and/or Transfer Agency is the Eutetn Trust Cot"pany, 8 KinS ~treet West, Toronto, Ontario. (e) The authorized capital of the Comrany cons.isu of S),OOO,IJIlO divided into 3,000,000 shares of the par value of

$1.00 each of which a total of 1,ISS.!lI sh.res all fully paid and non-a..esuble, have been allotted and iINed. (i) No bond. or del:.mtures are ouuundinjt or proposed to be u!\led at the prescnt time. (,) A coral o! '00,000 shares are escrowed wilh the Eastern Trust Com. my to be held by them lIgai"st transfer anip­

mene or lIlY other form of alienation except with tlK written consent of tlK Onurio Securities CommiHion. It is propoHd that llK ,hares be released from Cterow wlKn authorised by tlK Directors of the Cotnpany rateably amoIl. aU pawns owning the said shares with the consent of the Ontario Securities CommissW:l.

<Ia) Pa"ticulars u rell.frls shart'l $Old (or cash art ~s follows:

(i)

(j)

(k,

'0,000 .hu~ at $O.OJ $ 3,000.00 !H,OOO marCi at .0.20 19,000.00

J mira at f 1.00 J .00

1ff,OOS $22,OOS.00

No commiMioftt Weft paid vn dlt sale of nusury shJres. No _unties of d .. ConI.fAUJ)' other tharl tht ,hue'S mcntlonw in the preceedin, paragraph hereof haft been told fw nth to ehe date oi.tNt Pi'oIJI'ectUi. N" th.m .mr iINfd or are to lie imMd UI' ,;a.h pai!! (or promOlional or other lIrVices "nI. the YC\dor. named here­under atlll ~ to be promotfIl'S In wh!ch cue paragraph (It 1 st;tcs partic:u1an.

(i) By IIft'llhfii€ dmd tilt 27rh thy or May, 194', tht Company purchased nine minin~dlil'M in the IUd Lab M~ U,vi,ion a. foll_" K,R'!. 2241 '.22411 inelu.ivr at • price of $20,000 which was pi·id by" tRot· mfftt .nd ImlJn,,: III l,OO!l,li!J(; ,,,ily pald and I\()fl*auemblc share, of tht capiul 'toc~ oi the ~ II f~.l

11romu .'11O!'1 J)un HodnflJn Clflmll

.""nll Wdl,r ~

HUMNk 01' FIUll! mAUl

10,000 I ~),OOO 10,1)011 21.001'1 28,000 14,000

tOO,oOO

I srlU)WI'D SHAIlES 90,000 90,000 '0,000

:lU,OOO

U .... ' ... .,...

.. td~~(' ei dlW c: t f'f!~n~~ ._ ld!II'L~J dr •• 1't!I1I!IIIIP' ~"'~ ,',~ 'r~ vmfltJ "k, •.

~ "'haC! ~.., l:w~"n! ... rR" .t1l)&. ill ~ *- lr..t ~ ,"II ,,,,",* n_ b,M '1'1>.- oJ

~U< If i;s * ":WP:ftUIIIl • h~H 3

(rawf .. d • .. {~ .... f~ml,l .- ~ daiaru ,£\ T_ ....... _Ib"l~ M",'. ~ ~t.tt4J6~S.U47} ~ Jv Darit T __ Jllp p!~l(r(J' aad ~ l!.;~ Ilt~ ""..

fMto!nlld ............ in FdambrWp T __ ,p. _!'W. S.1I""'Vl!!9061 S..$94H·S._'HU. S.<&!YHl ...... S,felf! • .,~« d:u:rd ~ Hrh. tIw ~ ~ C~.nl<lf:l ~_. t~ Wen. To."OOt." ~ _",k of the r: ........... y ... h.d. oI.ans ""' being , ,..,,·fen! f.-.- I.". _dllMilllZ' III the (~. lI'If, of said "'m aN 1" hal POt ;u Yl'! ......, paid and m .... be pOd _ or befor" <he 1 H.h d..y (Il July 19>:'.

(.) N. JICnIlIIl or: ~btn ~ed or: it w m;eavc a greater tIau s ~ i"tr~! in the: COO.drub.", 10 be p-" ..f-W,

('I'i) T1Jt, ComfIIIIY DoW. an Cli>tion to pv<:hut thm: mmm~ .. ~ in tix T.,.,.mh,p of Fakonbridse. ",",,,,,,'1' Mining ~ _I, d!e SoE. Y., N. Y2 ol tOll, eml. I. bang mm.ing cb.'m No. 51311; tne N W. ! t. S. Yz of tot 1. C;:m. I, briuS mining cla,m No. HH'I; the S.W. 11' N. L'j of tot. 12 Con. I, oong .main!! daim No. HHIl and die S.W. %. S. 1;: of tcOr 2. Coo. l. b"inl( mming claim N.), R"!~l :" the'tow_p of Stteet In dle ilim'ic1: of Sudbury,

(vii) D,. an agr«-ment dtted the lrd dn Qf February, illS'. anrl ~xlende.! by a.meodmem datcd d,.,. 14th dar of February, IlH7. the Company optioned tbr "iO'eS1id mining claims from Addard F......,y. ('",,,,ral Del"'ery, Sudbury. Onurio, in coosidentioll of the payment of $20,IH)0 (SI,OOO ol ,",'hien Ius '-n paid} And \\11).000 sharH in the capi;tal of the CompaRy. 10% of ~. hieh are free shares. ....hich ShlfC$ are being donated by the saKi MI'. ftIiem CrawfoC'd from his shatd101dinp (.mce th~ .. fO«'~,d sum of SI,OOO has been paid a furth~r sum of $3,800 has be-rn paid to Adelard Fw'lq to keep the Company's option to purchase in good st:mding), The balance of the said $19,0011 cash is due and payable on or before the 14th day of Augun. 19P'.

(viii) No penon ('e Cmpornlon ba .. received 01" is ro receive a greater thdn I'lf- interest in ah,,· cons"leutlon p~id "" to be pllid afO!'~nid.

<I) PartkullID of tbe properties held by the Company in both amos including pa~ticulan of the melDS of acceu lhereto, the character, extent and condition of surface exploration and development, the known history of the properties and the work done and Unprovemenn made, are set forth in the repon of Mr. Ivan Christopher B,Sc., P.Eng., dated the 9th day of May, l'f7, attached hereto. to which reference is expressly made. No wOt'k h~. b«n done by the pre­.eet managemenc. There ~ no plant Qt equipment on the property.

(m) By an agreement in writing dated tl:.e 7th d,y of April, 19S7. Brew;s III White Limited, 145 Yongc>u'ttt, Toronto. registered secu,;ty detlers, <ubscribed for H).OOO of the Compan)"s unissued shares at 20e per share te be taken up and paid f."1' as to 21,000 (j, the said share~ forthwith after the Pr()';l'ec:u. to be filed by the Company with the O"tario Securities CommiS51on has '-n accepted for filing, and as to the b,llance (namdy 25,000 .lures) within 60 days after the Prospectus to be hied by the Company with the Ontario Securitie. Commiuion Ius ~ftn acc~pted for filing. Further by said agreement the Company gran:.-d options to Brewis III White Limited w purchaoe ~n additional 9S0,OOO fully paid treasury shares as follows: The whob or any part of 200.000 of the Company's uniii5ued share, ;It !Oc per share; 200,000 of such shares at 2Sc per shanl 200,000 of such shares .t 10c per ,hare; 200,000 of such ,hares .' He per share; ISO,GOt' of !IlKh shares 3t 40c per share to be uk.n "I' and paid {Of' within 3. 6, 9, 12 and 15 nll1l1ths respecti\'e!y after the said effective date.

The.mdrrwnter'llpticuCl! ha$ advised the Company that in additlO!l to sales that ",iii he m~d~ to the general public by the uml,.l.!fwriter-option<· it is propc3ed to llell the sh1fe~ covered by the hereinbefore referred to a.l~t to the public dmlulth dw medium of registered lCCurity dealers paying such de:altts only the existing broIr.eraRe uriff a5 auaaocized by th. Toronw Steck Exchange for mirun" .h.res, or paying Nch deale" ;~ commission not to el<ciICd 2S per (:C1It, All CXpetlHf of promotion and distribution being bOCI1f. by the underwriter.optionee or such sh.ues may be .. Jtd to Nsitter«l ~CUf;tV dt".llers at an incrCd'>C in price not elu:eedi,,1' nne pet cent per share.

N" "..-- Of corporation I. .. an interett in the 'Jid a,llrecmmt save the ,.1id Rrewis If Whl(c Limit.,.;'

U", taid ,,,,_I "nnUtn~ a provi.s:ion th~t 11\ the event of d.:f.uit bv the optionee the (lfllp;:r" q .. ,. cancel the ~t, by ,20 daYJ writttm notice to the updunec. The Cornp'lnY .lgrees to fill! an untndet! PnlSpet:t\1$ witmn 2(1 .,. of drfault i~ ptMIIIIY 6trihution iii .cilluM« way. ".... dht no 111.'- GUt'tlndinn or proposect, .... Whitf! :uwf ..,.,,.,,,, Wlllidm McUmurray ate the only penon. owninll more than a ,~ m-t tn Brewi. It ftu Ultlittld,

to) No ~edce. it _lie ~_tN or ,,"umed .... h,d. ill IWt ~n 0" ~h> "~!'flce <''''''''t d"'ted April with, ~M K~~ftl thit P~tU!, ht:nce, l'IO m:urity has Im,'l Mi. ft,!I.e gillen ill R5pe.::t

If? R_eli Avmuc:. T oroRW. On~

JUl. Sf. Bramptoo. Onurio.

4'4 Broadway Avenue, Toronto. Ontario.

R.lL '2 Unurio Gardl.'ns, IHJ Sheldon Avmue. TI"..Ialgu TawlUhip. o,.kville, Ontario.

6! Old ForM Hill Road, Toronto, Oz>.tario.

Pr", '\£iOc; ~>lic;tO«' in T ornoto f"", more th." th", yeArs

Prni.knt "f S"nho Mining (,,orpar.tion Umi:",Q to'! !n(m! d •• " three yean; Farmel'", 8nmpton. Onu~io. for IlW re tlun three yean.

Chut"red Au;'mm"ant with Mid-North Engineering Services Limite:!. fO't OYa' tltme yean.

Account,nt for 1 Yl yean witn Mid-North E"g;fteH­ing ~vices Limited; Tn: Auenor with tlte Depart­ment of Nuianal Revenue for one yeu; and Finan­ei.! Accountant f<n 20/4 yean with Marathon Paper Mil!~ Ltd.

Prt'>ident of several mining Campania tor more than thrtt yean and of Rrewi! &: White Limited.

(q) No di~tor or o1licer <lIf the Company bas, O!I" "a" had, any interest eithtT pnsonally or u a partner in " bm" in any property acqmftCi M to be acquired by the Company except WiI!iam Crawford who is the President of Sunh" Min­ing Cotpcntion Lituit~ and Arthur Walter Whit~ (Me paragraph k (iv).

(r) No I"mlunerltion bas b..~ paid by ~ Company during t1w lut b.unci.1 ye..r and/or i$ intended to he paid or pay­able during the currmt £nane;,,1 year to any din:<:tor or officer, except the Secretary who may be paid a salary coo­anent with his duties and time employed, such salary not to exceed $100.00 per month.

(8) No dividend, ha" at yet bem paid.

(t) At the pramt time Arthur W. W~itt" III Old Forest Hill Road, Tomnto, O<ltario, and William Crawford, R.R. 15, Bnmpton, Ontario, by _ of tlmc bendidal O1IIMuNp of .hare. in the Company's capital are in a position to elect 01' cause to ~ _tee'. a majority of [he Directors of the Company.

(u) ~ are DO other _taU! facts not diKio.OO in the forego;ng.

The Company Juao.w. of no arnngemmt as regards the purcha~, sale or disposition of vendors sham whether esc:rowed or free.

If notice of lAy such a1nn~tI ,Jwul" come to the undersigned, :m amended Prospectus reflecting the same, if the sham of the Company then be in the course of primary distribution, will be filed with the Onurio Securities Com­mission. Fre\'! ventiOl' shares, ymdor sham released from time to time and .ham previously wId for cash may he sold but the proc"ed. therefrom will not accrue to the tre:tJury of the Company.

DATED at TomtIro dlis day of April, 1917.

The fo,"epng constitutes full, tn.e and p'.in disclosure of all material £octs in respect of the o/It'ring of securities referred to abon as required under Section t~ of rhe Securities Act (OntariQ) and there is no lunher matmal information applicable ocher thall in the financial Uatt!tlents or (~f'>ru w her~ required.

PROMOi'"ERS: DIRECTORS AND OFFICERS:

n. F. BUI\T

H,RIIEItT R. HllAl\o by his agent D. F. Bun

WIt.I.IAM CI\A'I'POI\O

AIilTIfUlll W. WHl'TlI

NEVll.1! SMITH

The f<nepn/ll to the best of OUr knowlcdllc, information and beltef. constitutes full, true and plain disclosure of ,It maurial facts in ft'SP'I!'t of tht offnll1;; I.: sr.;ur'ties referred Eo ~bove ~. required by Sfction )8 of The Securities Act (Ontario) and thllft it no futt\i(r mJI~1 OJI inf')I''''',2tiOf\ 2»p1i,:~Llc other I,han in tilt' Iinlnci~1 mt_'1f~ or "'fIOI'ts where required. In ''''p"t of matter" whli::h mz IInI Within O\lf knowicd!l~' we have relied upon the accuracy and ufequacyof the fMeptlg.

tJNDER ~'l\tTFI\" OPTIONEE tUUiWI'i t< wmn: UMI'l'Et)

A. W. Wtll1l1, Prnllitltt L W. Mc:h.t.tllItIlAY, V'U'l'·r,'t"IM...",

SUNB,.t UPU)UTlON COMI;)ANY LJMITBI)

SU'IIMAlty

fi;\LCONBIUfX;(, STlttnrr PlhYnllTY • __ •••• _ ~ and nick~ "41Ufl oee_ ill tJtId p;c. on die pnYptTt)'.

. ... II ft"gMtic Nne}" has _n carried out _ the JIf"PC"IV ami on (~ but, of die IlIIIUb <Jf ...... hne bn!l1 fccom.mmded.

DAVIS PR OPER TY

Pyrrhotite and chalcopyrite minerallution containin/l: );old fJlue, OHlIr In the immediate area of the pmpt'rn. A tn4!{lWtic $ur\"c\" Ius been curitd out OVa' the property am! '"me magnetic anom.uin were outlined. It is recommended that the >;elf potential !lW'Vey prol"md in th~ .~Cophy5Ical report dated May 7. \'156. by R. D.

&-bHoft be carried out ovcr the l'f"1'CJ'fY as ~ means of pc<)\pectilll: fnr ,ulphide mineralization.

I!HTl\ODUCTION

Suabnm E~tion Company l.imited owns two properties in the area lying to the nort!-.u of 'iudbur)', Ontario. One ptOpIIl't)' is Ioc:ated in the IIOUthwest comer i>! Falconbridge Township and in S;r~et Township. The other property is in the IIOUtbwIlt portion of Davi, Township. ThelC! properties ane discuued in the following report.

FALCONBRIDGE - STREET GROUP

This prop«ty COIUiat. of eleven unpGtented minillg claim~ in the Sudbury Mining Div'sion of Ontario. Ten claims tituated in Pak:onbridge Township are numbered C H.I:S, C 55 H 'I, C 89242, C 89061. C 89062. C 89-4n, C 894J4, C8'4H, C90H2, and C90H3. One claim is in Street Township and is numbered S020.

1'hc property is readily accessible, as a bush runs north from tIM" North Bay~S~lb~ry highw"", to doe property, a diftance of about four milt's.

HISTORY This area has been prospected for gold m"ny ,years 3~O. as old pits lc~tify. More .ecently prospecting hu been car­

ried out in the anea for copper nick..,\. G.G.I. Surveys Limited carried out a program of geophysical work on the property during the spring and sum.'l:'l'

of l'S6. Seven p~fk sack diamond drill holes .'ere PUI~ down durin~ 1951. to tcst favourable indicafions. No othtr ",oork ha been carried out on the p~ty to the writer's ~.nowledge.

GENR1lAL GEOLOGY The coposraphy and vegetation i~ sin,i1ar to that existing in most well-explornl portium of Northern Ontario. The DU' '9 rock uniu outcropping on the property are designated on Map No. 872A. i$.med by the Geologic.! Sw·

n,. of Cauda, ,Ad btatini the title "Falconbridge". Thl~ property roughly conatitut~ the area 'tWn as lou I uad 2 of Con. t. p.Jcoabridg. TowiMhip and i. sbown to Ix· u'ldcrlaid by Mimmgi quartzites and Nipil!>lng diabase. During .. eumi".a. of the property on April 3, 19f6, the v.riter observed only Nipiaaing dIabase; the structural attitWe <It daia ~ l. JIIOC bow), fO baft over been determined.

DudM ... .we to die property, tM writer examined wvera.l exposutw of oxidized sulphid.l minenliudocl ..... expolUre, at!! Jooatcd i" the northwest ('orner of dJlm HI/Oil L Thl1)' exhibit well ~ted p'yrrh..;t'te ami

Mlleh mllfl.' rook work thin had been done ",,()tlld I'll' ft''lllll'cd to demonstrate the limits Ind tL .. ~i~mflnn«(' ~i'Ot·lIre~. They ~IVt' to the wflur the impreuion thdl Ih.,y Wefe of more impotUo« II " ~ of l,yrrhohtl1.

mineralizAtion thin u iht ftpolUre of a tmall portion of 4 poo~ible ~. The wri .. cook II(! *ampin I .. Macdon41d, mlnins -SiMer. d.ted ZJ NO'I{'mOO. 1'I1f. on a pnrtion of tbM pc'OpIttJ au~e5, "hlrthet

) Were tltkt'n 1111 an outcrop (tuboequmtly 1'fCOf,lr.1 A. ClaIm Ntl. SRI/OM) with ,~oubtioo ~t, 1M l<dknringl

N •• 1 • Mt91; eoppet. o.lW"f, nickel No. 2 ,. nit coppet. LllI Sf; nkbl No, , • O.!Hfif ClOpper, 1.14&", .......

No. .. II.,.," .... No. , ,. 0.11" ....

~q w.a, earried our (W{lt iN ~.ty dllri~lI Fw;'nlitry'.oo Much, I';', ThU "'~ cwrl~ if ~ f1f .: .. QfI;a;5Mtic: yakm Kriki.ns _th·urt~t thrOl1gh ellt "..~«y Th<- _ \»_ m-PI dwH ..... ~ ... . 'lIWH And· ~p!ilftcb clewly l(' dw 1Mp~ ~"I()SftlOO of 1b4: "'ClOt CGIHlKt of tb4: fIJi"., tI ..... , A ~ .. ~ Clte~t. on Une '. '00 ftet ... est of the lo_ Ii nt, :oM a .hup mAB""tic !"'IV OC&lU$ on line 20, 2~ lfit .... 01· the .h.

lit view of ('Iot fut that bue metal ore 00d<e$ He um ally m"gneli~ and will coruluct an d«tric current. II W" de­eid1!4 to tN"r)' out III _tromagneric: ilUrYC)' over 1M ~re.u of the m.gnetic ind.cations.

Tlw ele.:troUUlnetic WrYer outlined a group of moderately strong dectric.; ,,_auctors u-g a zone pualW to • ..! fIUt DE that interrreted as the diabe.e ~onlacr. TM electrical "namalit'S occur atOll,!: the trend of rhr magnet«: _. n.e peak. 01 the dectrical and the magnelic anomalies are separated III places by a, much as 200 fret. howwa'. the two am:;m­aIoua 3:_ appear to be related. As !mntioned above. the coinc.&ellce of eI«tric.1 and magneti<: an<:Jlrlaliq is a faY~ IMiutiOft of $Ulphide miMtaliution. ~:nd on tM basis of the mults of the {lrophysical work. ;"'0 diam<>nd drill boIti wen: ~ i~; R. D. Hutchison. ,,,ophy!icisr. in hi. report dated Seplmlber D. 19S'.

Copies of the mAps of the geophysical work sho.,in~ thfl propoaed dl.mond drill holes arc enclosed with this report.

PACKSACK DIAMOND DRILLING A total of seven packsack c:!iamond drill hole) were put down on the property. The deepest hole w.., len .\)'·,1 40 f_

iR length.

Two holes were put down at station I JOO' nonh on line 12 /0 test ~ rr.agnctic anomaly. One hoie was drilled ~t 200 north on line 20 to test a small mag/lCtic anomaly. Four holes were put down I SO feet ean of chain.g., 250 north on line 24 to cut under • mineralized pit. Disseminated mineralization was encountered in the holes in each case but no ore inter­section$ were cut.

PROPOS~D DIAMOND DRILL HOLES D.D.H. No. 1 is to be collared on line 24 at chainage 700 feet northwest of the base line. The hole is to be drilled

southeasterly along the picket line at an angle of SOc to a depth of 450 feet.

D.D.H. No.2 is to be collared on line 12 at chailUge 1100 feet northwest of the base line. TM hole is to be drilled south-easterly akng the picket line at an angle of SOO to a depth of 600 fett.

t

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9 /'':.:.::.. 21

LEGE'N D w 8ASICLAVAS,A(IN~TlJFFS6CONG. /"

m FINE CONG oS GRIT

rn QUARTZITE

[!] BOtiLOER,QtJA/ffZITE. CONGo

0:0 QUARrZITE

[1&1 QUARrz, GAB8RO

(iJ Ol.lWNE O/ABASE

I} ~ ., .: .}-

/r "

SUNBEAM EXPLORATION I M TED . ...

For con b rid 9 e - S r r e e r T w ps. SUDBURY MINING AREA - ONT.

g

MAGNETOMETER SURVEY

SUNeeAM fXPlORATION COMPANY .. , It • TID

,,"-aMlaIlUD •• TCMN.MI~ SU .. """ ...... aau.

=...a.= _

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Llfta •• t ~ ",. i i -- _ ... _----o~ ___ __ ---

PIlOPERTY IN DAVlS TOWNSHIP

.. property CONiu fill 11 ..,.umeG mi~ daima on the ~ and islands of the south portion of WwuLama uke in the ast put of Davis Township. The cw- are numbeRd " .. S6-S, .. 73, 'nelu.lve, Sudbury Mining Division. They _ acc~ble br .- from Warren, a viIlap H miles to the south on the North Ray - Sudbuf")' highway.

Sunbeam a adjoiMd 1m the .. _ by" pmpet'ty held by Lee Gordon Mines bmited. on which ag~ ... hysicsl surny a at ~nt in propeR.

N_ Mines. Iofated aboot aoe and a half miles to the west of the Sunbeam property. is Ci>~g deepening the thaft OIl dam- property to dcftIop • copper-gold ore body.

The .hove infonnation conc:eming Lee Go.-don Mines and Nonur Mines was obtained from company vi6cials.

HJ"TORY

Prospecting in the general aua has been c:a>rried on for several y .. :u-s. During March and April, 1955, a magnetomet« iNney W~5 carried out over the property. Two p;u:ksack diamond drill hole. were .lso put down during 19S6. No results of importance were tnCounten:d in these boles. No woek. other th3n thlt described above. hiS been carried out 00 the pr0p­erty to the knowledge of the writer.

GENERAL GEOLOGY

The topography is similar to that in most of the mining districts of Northem Ontario. Map ISh, compiled by W. H. Collins of the GeoIogic:al Survey of Canada, is the best published geological map covering the property which i. shown to be underlain Huronian sediments of the Gowganda formation. Map 872a. Falconbridge, issued by the Geological Survey of Canada, shows that the general area to the west com.;ns many more intrusions of diabase than shown on map 1 f 5 ••

No exposurn of signi6caat mintraliution are known to ""i.t on the property.

A report on the GeolosY of the Askigami Lake Area by H. W. Fairbairn, Ontario ~artment of Mines, Vol. 48, part 10. 193'. desc:ribes all _ which includes the western part of Davis Township. He SUtes that "The gold is com­monly associated "'ith quartz veins lying in .hen zones in the gabbro" (referred to in this rrport as diabase). Pyrite. ehal­c:opyriu. and bornite art mentioned ~s being associated with the gold which occurs in sptc:uc:ular but erratic amount •.

GEOPHYSICAL WORK

A magnetometer survey was performed on the projXTty during March and April, 1956. Mr. R. D. Hutchison, gro­physicist. in this report dated May " 19J6 re.:ommen4s thn a self potential survey be carried out over the property.

The magnet!.c contours Rfiec:ts strongly linear structural features striking a few degrees south of east. Any m~gnetic __ .,.,wy produc:ed by the JUl'Ver could be the product of strong pyrrhotite mineralization, or of sulphide mineralization l$IOCaced with magnetite. It a ~ likely. however, that they derive from the varying magnetite c:ontmt of the rock units contained in the property. A.s n:ch. in this area, the J.near magnetic high anomalies probably trace out intrusions of cfiabase and the non-lintv hi ~h5 prob .. ,;!v rdkct ~he presenc .. of small diabase plugs or erratic distribution of magnetite within the rock units. The im\'Ol'Wlt point is tiwt lacking detailed and intimate geological knowledge on rock type distri­bution, the magnetic c:harac:tm.-.tK. of the anomalin, a1.:me, do not allow distinction of magnetic: sulphide mineralization if, indeed, any Nch mitm'alizatioo a prcRllt. Furthermore, it leetnS doubtful that the gold-sulphide assoc:iation a magnetic­ally posicift. The main value of the surver a~>a", to lie in the probable detection of diabase which Fairbairn describes as ~ flyouub!e host fOf gold.

The telf potential -mod a probably the most efficient method of detecting the sulphides which eI_here in the area, ~o the west. have been. observed to associate themselves with the gold and copper.

Tor.ue, May'. 1"7

Respe<:tfulJy submitted,

I. C. CHRISTOPHER. B.Sc., P.Eng.

CERTIFICATE

I, Ivan C. Cbriatophet', of the City of TOIU!fo, in the ProYinc:e of Onuri<:>, do hereby certify that:

t. I am a c:ooaulcin, miainll ge..-.logist with business address at Toronto, Ontario.

~. t MIt .,.ctuece of dw Uftl"enlCY of Saskatc:hewan and have been practicm, my profession {Of the put fifteen years.

J. t .. Ii _bet of the ~ of Professional EllliAer.ln of Quebec. a membet of the Arneritan Institute of Minma and ..... """' En,m.. .... Ii juIor membel' of the Can,dian Instltllte 01 Minllt' and Metallurgy. f MWm~·..- tffl'Rtly itt irtdirectly nM do , anticipatf lny inttmt I'Ithft dire\:.t1y Of iftdiMtly m. the,.,.. crt1 M m:wtttil1l!kAbum EsplOfttiotl. 14mitt1L My rqKltt ...... 6ft~eoIotI;:al in~ ftom gDVl'Mlmtnt ~u Bnd m3p5. J!l.d on • .utt to the F.I~ SrfR't prt~. April ,. 1916.

m FINE CONGo 6 GRIT

m QuAJ((TZlrE

m 80UuER CONG. PINKISH quARTZITE

DLl CONtS. GREYWACI<EJ QUA~rZlrE

00 OIA"ASE, Qf.JARrz, GAa~1l0

~ 6.rtANlrE GNEISS.

SUNBEAM EXPLORATION L

D a vis SUD8URY

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TOWNSh1P

MIN ING AREA - 0 NT.

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SUNBEAM EXPLORAftON COM .. ANY LOOTED (l"'l'Of"~rtllt'tI -.In tiR I.w o/IIN Prlwince 01 O,.t"NQ)

BALAN($ SHEh"T - APRIL H, 19;)7

~ Cash 011 band aad in Bank

AHHETS

Accounts .a.cciV3b1e

"'0 Cost of Mining Claims acquired for cub consideration Paymmu on Options on Mining Claims Note I.

DEI'UIlIiP DevELOPMENT

Atlmiaistntion, Exploration and Development Expenses. pee schedule

Ors~ Expenses

CVAUNT a-ts Payable ~ due on purcb_ 01 Mining CUims Advaaces from Director

CorrAL

Capital Stock Aachoriud: MOO,NO slw:es 01 One Dollar e:ach.

Capital Stock Issued: F« Mining Oaims-1,000,000 shares

LIABILITIES

$ 1,000,000.00

$ t 19.78 1-43.81

$1,000.00 4,000.00 ---

$ 714.9' S,OOO.OO

746.0B

Lns: Discount on snua 9S0,000.00 $ 20,000.00

Fot C"sh-1 5J ,00 J shares $ Iff,OOf.OO

Lns: DHcount on slw:es 133,000.00 22,001.00

$ 42,OOJ.OO DenClT:

Cost of MiaiAg a-. abandoned $ 20,000.00 Admini,tration aad Exploration expenses incurred from inception to

Scf,rember $, l'U. wnttcll off . 1,996.56 21,996.$6

$ 263.59

9,000.00

16,266.8)

1.00'.Of

• 26,U9."7

$ 6,131.0)

20,008.44

$ 26,H9.47

NOTE I.

NOTE 2.

SahRe<' payable .... exercise of opUoa to purchase four mining claims in the District of Sudbury is '19,000.00 duc: August 14, 1'1'7. ~ Compan,. has accepted a subscripi!on hC>ID the und"rwriter for 50,000 of t:,c Company's unissued shares al 20<: per share to be takrn up and paid for as to 2~,000 of the said sbar~s forthwith oiter the prospectus to he filed by the Com· pany with Ih" Ontario Securities Comm;S$;"!! has been accepted for filing. and as to the klanec (nam~1y 25,000 sharet) within sixty days after the prospectus to be filed by the Company with the Ontario Securities Commission has been accepted faT filing. ~ Compaay has !>""Ied optioas to the URderwriter to purchase 9)0,000 shares of capital stock as folio ... : 200,000 shue$ for $ 4C,'lOO.oo within three m<>ntbs alter fihng acceptance 200,000 shares foe $ 50,000.00 withla six months after Jiljn~ acceptance 200.000 shares for $ 60,000.00 witb.iD nine months after filing ac(cptance 200.000 .hare. for $ 70,000.00 within lwei." months after films acceptance 150,000 .hare, for $ 60.000.00 within fifteen month. after filing acceptance

$280,000.00

AUDiTOR'S REPORT TO 11ft nI1tBtTORS;

._ ·"ft exam,ned Ihe 1«-'5 of Sunbeam J!Jt:pIC .... lion Company Limited for the period from September 6, 19U to At>riI8, 1901, .,., ..... 'tctl~ all the information and nplan.tions we have required.

tn .uf t!j>lnJuti the aboll BtIl.I1" Sheet and Schedule of Administration. I'!xploration and DeYelopment bpcn5ft fairly ~t Ita- fin_d.·1 pmitijm at that dAte. Tn,., ... April U. 19'7. FIELD. DAlleN .. COMPANY

Ch.rteNd A~b

APPROVED ()N BEHAtP Oft 'nil 1K>Al\O: D. P. )'Ull't DIfw·1:(W H, 1l.HlAli,f)~

___ .D'LOltA~ COMPANY UIIlTBD

~~tIONJ EXPLORATION AND DEVELOPMENT EXPENSSS

FOR. 1m PERIOD nOM SEPTEMBER 6. 19Sf TO APRIL g, 1957

BaukQarges .......... .

GenenJ Elrpemes ................•

J4aI and! Audit ........... .

Oftice. Stationery and Supplies

PoIuae ......................... . Tckpbonc and Tck:graph

Con Boxes ..

Camp Supplia ..

. Freight and Expra. .

Line Cutting .... .

~Surveys.

Maps and Bhxprint!

MiniDg Lic_ ... .

Prospectias .... ............ .

Travelling and Transportation

Unemployment luurance . . .

$ 0.92

to.86

• .... 20

39.n

17.01

2".91 _._-_._-

$ 18.00

5-41.16

5.-40

550.00

3,318.50

10.21

-410.50

8,192.56

2,175.05

5!l.96 ---

9S ..... 9

$ U,312.34

$ 16,266.83