CABO MINING ENTERPRISES CORP

Cobalt Area Project (Gillies Limit North Township

Drill Hole Logs

Hole CSM-6

April, 2004 S. Sears, P.Geo

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CABO MINING ENTERPRISES CORP.Cobalt Area Project

(Gillies Limit North Township, Ontario)

Drill Hole Location Plan

Holes CSM-1 to 6 (Santa Maria Prospect)

CABO MINING ENTERPRISES CORPDiamond Drill Hole Log

Property: Cobalt Area (Santa Maria) Start: Mar 28/04 HOLE # CSM-6

Gillies Limit Township Finish: Mar 30/04

Northing: 5240134 N Drilling Co.: Heath A Sherwood Bearing: 178 deg

Easting: 602218 Claim # 1098668 Dip: -65 deg

Core stored at #l-3rd Ave, North Cobalt Ontario Logged by: S. Sears Depth: 75m

From To Lithological Description

O 5.0 OVERBURDEN

5.0 46.3 INTERMEDIATE METAVOLCANIC ROCKS:

Medium to dark grey; very siliceous; highly deformed and fractured, dominated by breccia and pseudo-breccia, consisting of light to dark grey fragments and wallrock blocks and layers in a fine

grained dark grey, felsic matrix; intense fracturing locally with fractures healed by chlorite +S- calcite +S- epidote; local calcite-quartz veinlets with associated pyrite and chalcopyrite; very weakly magnetic to 25.5 metres,

becoming moderately to strongly magnetic below this point.5.0 - 5.4: Badly broken, rubble.5.4 - 10.5: Medium grey, fine grained rock, highly fractured with generally fine epidote-calcite filled fractures forming an intense breccia. 10.5 - 11.6: Badly broken, fault zone. 11.6 - 15.0: Fractured and brecciated zone, similar to above ( 5.4 - 10.5 ) except cut by several narrow calcite-quartz-n-/- epidote +S- chlorite veinlets at very low angle to the C/A (0-10 degrees ); these veinlets include scattered ladder

veinlets on both sides as well as scattered chalcopyrite and pyrite; includes a 1.0 - 1.5 cm quartz veinlet at 15 degrees to the C/A from 14.5 - 14.7; the wall rock fragments in the lower 1.5 metres are hematized and faint orange-red. 15.0 - 18.6: Same as above ( 5.4 - 10.5 ). 16.5: A3 cm. quartz-epidote veinlet, irregular margins 75 - 85 degrees to C/A.18.6 - 19.2: Diorite dyke: Dark grey, fine grained,

massive, moderately magnetic; contacts irregular from 50 - 60 degrees to the C/A; includes a narrow ( 2 mm to l cm. ) calcite matrix breccia veinlet in

lower 5 cm. with coarse chalcopyrite 19.2 - 24.1: Breccia zone: Deformed; pale to dark grey green fragments and wallrock layers in a fine grained dark grey green, siliceous matrix; moderately fractured ( chlorite healed ) and cut by calcite-quartz +S- epidote +S- chlorite veinlets forming a mega breccia; abundant patches and deformed layers of pale green epidote; scattered

pyrite.24.6 - 26.7: Breccia zone: Cobalt type; narrow

calcite-chlorite +S- quartz veinlets and irregular

fracturing with associated pyrite and chalcopyrite;

includes a 10 to 20 cm. breccia zone at 25.5

consisting of dark grey green, chloritic rounded to

angular wallrock fragments with 'fuzzy' margins in a

cream coloured ankerite-quartz matrix; ankerite make

up 60% of zone, breccia extends into underlying

rocks, where ankerite decreases to less than 10%

until a narrow ( 2 cm. ) ankerite-quartz veinlet at

26.1; the latter contains 2% chalcopyrite as coarse

patches; remainder of zone has only trace sulphides;

fragments of wallrock are weakly hematized below

25.5; contacts vague; the overall colour of this

zone is light grey-green; the dominant direction of

the veining is 30 degrees to the C/A. 26.7 - 29.9: Deformed breccia zone similar to above

( 19.2 - 24.1 ) except chlorite fractures contain

calcite and magnetite as opposed to epidote in the

overlying section.29.9 - 31.0: Mafic Dyke: Fine grained, chloritic,

medium grey-green, scattered narrow calcite

veinlets; barren, with chloritic margins;

45 degrees to the C/A.31.0 - 33.6: Deformed breccia as above

( 26.7 - 29.9 ) .33.6 - 33.9: Mafic Dyke as above ( 29.9 - 31.0 );

35 degrees to the C/A.33.9 - 44.2: Breccia as above ( 31.0 - 33.6 ) but

less deformed overall and contains very few hairline

calcite filled fractures and veinlets; scattered

pyrite, trace chalcopyrite; strongly magnetic

to 40.9, weaker below this point. 44.2 - 44.4: Mafic Dyke: Similar to above

( 29.9 - 31.0 ); upper contact at 44 degrees to the

C/A, lower at 62 degrees.44.4 - 46.3: Breccia as above ( 33.9 - 44.2 ); very

siliceous; highly deformed; includes several very

narrow ( 1.5 mm. ) pinkish orange ankerite veinlets

with Cpy in the lower 0.3 metres; veinlets are from

30 to 50 degrees to the C/A.

46.3 57.4 QUARTZ VEIN:White and grey; greasy looking; coarse grained; up

to 5^ mafic ( chloritic ) inclusions filling

fractures as streaks and patches; also includes six

narrow mafic to intermediate wallrock xenoliths from

10 cm. to l metre wide, totalling 2.3 metres

( approximately 20% of zone ); the veining includes

scattered tiny fractures or gashes filled with

sulphides in the upper part ( pyrite and

chalcopyrite ) and with pyrite, magnetite and trace

chalcopyrite in lower part; there is also scattered

very fine patches of bronze to metallic colouredminerals; sulphides represent less than 1/2 of I*overall; upper contact is sharp at 22 degrees to theC/A; lower contact is broken; layering of wallrockxenolith and alignment of the majority of maficstreaks is from 20 to 45 degrees to the C/A.46.3 - 48.6: Quartz, less than X/2% chalcopyrite/pyrite as tiny gash fillings and patches withinmafic inclusions.48.6 - 49.2: Mafic xenolith; fine grained.49.2 - 49.5: Quartz vein, 101- mafic streaks.49.5 - 49.65: Mafic xenolith.49.65 - 49.8: Quartz vein.49.8 - 51.5: Mafic xenolith; minor quartz veining.51.5 - 51.7: Quartz vein.51.7 - 51.85: Mafic xenolith.51.85 - 53.1: Quartz vein; 3 - 4% mafic streaks andinclusions; minor pyrite, trace Cpy.53.1 - 53.3: Mafic xenolith.53.3 - 57.4: Quartz vein, l - 2% mafic streaks andinclusions; rare pyrite, scattered magnetite alongmafic inclusions and fractures.

57.4 75.0 DIORITE:Relatively massive; fine grained; medium grey green; scattered narrow ( l mm. to 3 mm. ) calcite veinlets and fracture fillings; weak breccia fabric locally in upper part yielding around 65.5 to a more massive phase; upper part may simply be more deformed; weakly magnetic throughout; local ( rare ) calcite- quartz-chlorite veinlets and fracture fillings with minor pyrite/chalcopyrite; scattered narrow ankerite veinlets in upper 60 cm.72.7 - 73.05: Fracture zone with quartz-calcite- chlorite veining, scattered pyrite as coarse patches

75.0 E.O.H.

M005U N . K) 100 NCSM-5

CSM-6

350m

LegendNipissing

9 QUARTZ DIABASE SILL Huronian

8 I.ORRAIN FORMATION (Sediments)7 FIRSTBROOK FORMATION (Sediments)6 COLEMAN FORMATION (Sediments)

Algoman4 GRANITIC ROCKS

Pre-Algoman3 LAMPROPHYRE A OTHKR DYKKS

Keewatin2 INTERMF.DIATE MKTAVOI ,CANIC ROCKS (Includes

Intrusion Breccia or Pseudobreccia)l MAFIC METAVOLCANIC ROCKS (Includes Interflow

fi Chemical Sediments)

-300m

- 250m

Old Shaft (25 m west of section}

Quartz Feldspar Porphyry

CSM-5

CABO MINING ENTERPRISES CORP.Cobalt Area Project

(Gillies Limit North Township, Ontario)

Drill Hole X-Section 602218E

Hole CSM - 5 A 6 Looking West (268")

300m-

250m -

ONTMUO MINISTRY OF NORTHERN DEVELOPMENT AND MINES

Transaction No:

Recording Date:

Approval Date:

W0480.00628

2004-APR-23

2004-APR-26

Work Report Summary

Status: APPROVED

Work Done from: 2004-MAR-28

to: 2004-MAR-30

Client(s):

178510

302234

Survey Type(s):

OUTCROP EXPLORATIONS LIMITED

SIMPSON, MURRAY D

PDRILL

Work Report Details:

Claim* Perform

L 1098668

L 1231082

L 1231083

L 1231084

External Credits:

Reserve:

38,061

SO

SO

SO

S8.061

Perform Approve

S8.061

SO

SO

SO

S8.061

SO

Applied

SO

S800

S3.200

S4.061

58,061

Applied Approve

SO

S800

S3.200

S4.061

S8.061

Assign

S8.061

SO

SO

SO

S8.061

Assign Reserve

Approve Reserve Approve Due Date

8,061

0

0

0

S8.061

SO

SO

SO

SO

SO

SO 2005-APR-02

SO 2005-FEB-25

SO 2005-FEB-25

SO 2004-APR-26 E

SO

SO Reserve of Work ReporW: W0480.00628

SO Total Remaining

Status of claim is based on information currently on record.

31M05SE2066 2.27561 GILLIES LIMIT 900

2004-Apr-29 14:34 armstrong-d Page 1 of 1

Ministry ofNorthern Developmentand Mines

Date: 2004-APR-27

Ministere du Developpement du Nord et des Mines Ontario

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

OUTCROP EXPLORATIONS LIMITED 12 MARTIN DRIVE COBALT, ONTARIO POJ1CO CANADA

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

Dear Sir or Madam

Submission Number: 2.27561 Transaction Number(s): W0480.00628

Subject: Approval of Assessment Work

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

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

If you have any question regarding this correspondence, please contact BRUCE GATES by email at bruce.gates@ndm.gov.on.ea or by phone at (705) 670-5856.

Yours Sincerely,

for Ron C. Gashinski

Senior Manager, Mining Lands Section

Cc: Resident Geologist

Outcrop Explorations Limited (Claim Holder)

Assessment File Library

Outcrop Explorations Limited (Assessment Office)

Seymour M Sears (Agent)

Murray D Simpson (Claim Holder)

Visit our website at http://www.gov.on.ca/MNDM/LANDS/mlsmnpge.htm Page: 1 Correspondence 10:19335

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