52N02SE2011 2.23224 EARNGEY 010

First Au Stratigaties Corp.

Geophysical Report

Max Min II+ and Proton Magnetometer

For

Uchi Lake Property

Northwestern Ontario

NTS: 52-N-SE

March 4,2002

RECEIVED6?

MAR 2 O 2002

8EOSCIENCE ASSESSMENT OfFICE ___

By: lan SpenceB.Sc. Geology

Table of Contents

Introduction

Location and Access

Tenure

Personnel and Dates of Work

Previous Work

Topography

Theory of Operation

Survey Procedure

Discussion of Results

Conclusions and Recommendations

List of Maps Included in this Report

1) Figure 1 Ontario Location Map

2) Figure 2 Property Claim Map

3) Figure 3 Max Min II (1777 Hz)

4) Figure 4 Max Min II (444 Hz)

5) Figure 5 Proton Magnetometer Total Field

6) Figure 6 Proton Magnetometer Posting

Appendix "A"

Statement of Qualifications

Uchi Lake Property

Sioux Lookout

Beardmore

Manitouwadge

Marathon \ Hemlo {17Fort Frances

First Au Stratigaties Corp.Uchi Lake Property

Ontario Location Map

The centre of your map is in: Division: Red Lake Town,

Map Tools

Go to Ontario View.

Zoom Factor.

Zoom In Zoom Out

Pan Identify Alienation

Identify IdentifyDisposition Claim

Legend Help

111! O m -———— .in.,,,, i, 5|2g|-,9

IntroductionDuring the winter of 2002, First Au Strategies Corp contracted Clark Exploration

Consulting to conduct Max Min li and Proton Magnetometer Surveys over their Uchi Lake Property in Northwestern Ontario. The surveys were conducted over approximately 20 kilometers of picketed line established by Skyline Exploration of Thunder Bay.

Location and AccessThe property is located on the northeast arm of Uchi Lake approximately 90

kilometers east of the town of Red Lake. The property is accessed by road and motor boat in the summer and by snow machine and ski equipped aircraft in the winter. (The road to the now closed South Bay Mine is not maintained during the winter.) The old mine is actually about three kilometers to the west of the property (see Figure 2).

Property TenureThe property consists of 6 claim blocks listed as follows:

KRL 1185180

KRL1185181

KRL 1185182

16 units 259 ha March 19/2002 S6400

8 units 259 ha March 19/2002 $3200

11 units 259 ha March 19/2002 S4400

Totals 48 units 777 ha 314,000

Personnel and Dates of Work

The following personnel worked on the property: 1) lan Spence

1000 Alloy DriveThunder Bay, OntarioP7B6A5 March 1,4,8,9,10,11.12 7 Days

2) Jimmy Mealey 132 Mining Road Murrillo, Ontario POT 2GO March 3rd to March 8th 72002 6 Days

3) Dave Galley132 Mining Road Murrillo, Ontario POT 2GO March 4th to March 8th /2002 5 Days

4) Jason Leclair 1000 Alloy Drive Thunder Bay, Ontario P7B 6A5 thMarch 4m to March 8m /2002 5 Days

Total 23 Man Days

Previous WorkPlacer Dome Ltd. worked the property in 1970 at which time work including

diamond drilling, was done over parts of the property. The assessment files were unavailable to the author at the time of the writing of this report however they may be

accessed through the Red Lake Assessment Files. The focus of these programs was gold and should present information on future exploration targets.

Theory of OperationThe Proton Magnetometer

The proton precession magnetometer is so named because it utilizes the precession of spinning protons or nuclei of the hydrogen atom in a sample of hydrocarbon fluid.

The spinning protons behave as small, spinning magnetic dipoles. These magnets are temporarily polarized by the application of a uniform magnetic field generated by a current in a coil of wire. When the current is removed, the spin of the protons causes them to precess about the earth's ambient magnetic field. The precessing protons generate a small magnetic signal whose frequency is precisely proportional to thee total magnetic field intensity and independent of the orientation of the coil (sensor). The proportionality, which relates frequency to the field intensity, is called the geomagnetic ratio of the proton. The precession frequency, typically 2000 Hz is measured as the absolute value of the total magnetic field intensity with an accuracy of 0.1 gamma (nT)

The total magnetic intensity, as measured by the proton magnetometer, is the magnitude of the earth's field vector that is independent of its direction. The measurement can be expressed as a length (50,000 nT) of the earth's field vector. A local disturbance, say 10 nT would add or subtract to the undisturbed field of 50,000 nT in the usual manner of vector addition. Since the proton magnetometer measures only the magnitude of the resultant vector, whose direction is almost parallel to the undisturbed total field vector, that which is measured is very nearly the component of the disturbance vector. Thus the change in the total field intensity is called the anomaly.

The Max Min II Horizontal Loop

Since the Max Min II is maximum coupled, measurement at the receiver is most conveniently made in terms of the ratios of the in-phase and out-of-phase voltages-

induced in the reference coil. The reference coil is mounted directly on the transmitting coil in the orientation of the maximum coupling. The reference and the receiver voltage are compared in a bridge ratiometer circuit, the output of which is displayed on the in- phase and out-of-phase meters. These meters will read zero when the signal is entirely due to the primary field and its phase shift is ninety degrees (i.e. no EM anomaly present). When the readings are taken in the vicinity of a conductor, the in-phase and out-of-phase components of the secondary field are measured as a percentage of the primary field intensity and phase at the receiver.

Survey Procedure The Max Min 1I+

The equipment used for this survey was a Max Min II+ manufactured by Apex Parametrics Limited of Uxbridge, Ontario.

The survey was conducted using the in-line array, with two coplanar coils moving in tandem along survey lines orientated perpendicular to the geological strike. The horizontal separation between the coils is kept constant by means of accurate secant chaining of the survey lines. The receiver operator carries out a continuous inclinometer survey as he travels from station to station. By simple arithmetic averaging, the percentage slope (tilt) between the coils can be calculated and thus any errors due to elevation differences between the transmitter and receiver can be eliminated by using the tilt meter to keep the coils coplanar. Both in-phase and out-of-phase readings were taken at 25 meter intervals along survey lines for two frequencies (1777 Hz and 444 Hz). These readings are plotted on the maps at the mid-point between the transmitter and receiver locations.

The Proton MagnetometerThe proton magnetometer survey was conducted using a GEM GSM-19 proton

magnetometer. The total field was read with a resolution of one gamma (nT) and the data was corrected for diurnal variations using another GSM-19 as a base station. Data was collected at 12.5 meter intervals along the grid lines.

Discussion of resultsThe surveys were useful in defining a number of horizons on the property. The

Max Min II was instrumental in picking out one major conductor labeled "A" figure's 3 and 4 while the proton magnetometer gave an indication of the magnetic characteristics of these trends.

Table of Results

Conductor

A

B

CD

Strike length500+

~50 meters

-50 meters•v50 meters

Depth

85 meters

7

??

Conductivity

Moderate to Good

Weak

WeakWeak

Magnetic Association

Yes(11000nT)

Possible

Nono

Remarks

Bedrock Conductor with good Magnetic

association. Po,PyWeak association with

magneticsNoNo

Conductor "A" is the only real conductor on the property. It closely follows the east lakeshore of Uchi Lake and has a strong magnetic correlation associated with it. Its width varies between 125 meters on lines 18600 N and 18700 N and ~50 meters as it tails off along strike. There may be a structural thickening between lines 18900 N and 19000 N however the Max Min IN- only responded to the most easterly trend. This could be due to mineral dissemination or absence of a conductive material.

The other conductors noted, (B, C S D) are one-line conductors with broad in- phase responses and marginal out of phase responses. It is thought that these conductors may be due to short cable effect brought on by bad chaining.

There are a number of in-phase responses that have been indicated on the maps that are probably due to edge effects of weakly conductive lake bottom sediments and /or clay or chaining errors.

In general, both surveys were instrumental in outlining conductors and magnetic trends present on the property and will prove useful for focussing exploration in the future.

Conclusions and RecommendationsConclusions

1) A good bedrock conductor (A) ~500 meters in length occurs on the east shore of Uchi Lake.

2) Conductor "A" has a direct correlation with the magnetics and is probably due to a sulphide assemblage containing pyrrhotite and possibly graphite.3) Magnetics over the south portion of the grid indicate magnetic activity in the areahowever the area is comprised by the culture effects of Uchi Lake Lodge and thisshould be taken into consideration when exploring this area.RecommendationsIt is recommended that a detailed mapping, stripping and sampling program beundertaken along the strike length of the "A" conductor.It is further recommended that detailed mapping program be conducted in the vicinity ofthe "southern extension" of the "A" conductor on lines 19100 N to18600N.

Respectively Submitted,

x tlan Spence Bf. Se. Geology

Appendix A

l, William lan Spence do hereby certify:

1) l am a resident of Thunder Bay, Ontario, Canada with address 2180 Falconcrest Drive, P7V 4V2. l am self-employed as a consulting geologist.

2) l am a graduate of University of New Brunswick, Fredericton, New Brunswick (B.Se., Geology, 1975)

3) l have been engaged in base metal and precious metal exploration and mining as a geologist since 1975, and am a Qualified Person in the context of National Instrument 43-101.

4) l am a member of the Association of Geoscientists of Ontario.

5) As of the date of this report l am not aware of any material facts or material change with respect to the subject matter of the report which is not reflected in this report by written inclusion or reference.

6) l have not received, directly or indirectly, any interest in the company and its properties; nor do l expect to receive any.

7) l have read National Instrument 43-101 and Form 43-101.F1 and have prepared this report in compliance with them.

Signature:

Name: William lan Soen

Date:

10

ONTMUO MINISTRY OF NORTHERN DEVELOPMENT AND MINES

Transaction No:

Recording Date:

Approval Date:

Client(s):

129617

Survey Type(s):

W0220.00504

2002-MAR-20

2002-MAY-07

Work Report Summary

Status: APPROVED

Work Done from: 2002-MAR-01

to: 2002-MAR-12

ENGLISH, PERRY VERN

EM LC MAG

Work Report Details:

Claim* Perform

KRL 1185180 38,227

KRL 1185181 37,200

KRL 1185182 35,141

320,568

External Credits:

Reserve:

Perform Approve Applied

38,227 36,400

37,200 33,200

35,141 34,400

320,568 314,000

30

Applied Assign Reserve Approve Assign Approve Reserve Approve Due Date

36,400 30

33,200 30

34,400 30

314,000 30

0 31,827 31,827 2003-MAR-20

0 34,000 34,000 2003-MAR-20

0 3741 3741 2003-MAR-20

30 36,568 36,568

36,568 Reserve of Work Report*: W0220.00504

36,568 Total Remaining

Status of claim is based on information currently on record.

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2002-May-13 12:52 Armstrongjd Page 1 of 1

Ministry ofNorthern Developmentand Mines

Date: 2002-MAY-07

Ministere duDeveloppement du Nord et des Mines Ontario

GEOSCIENCE ASSESSMENT OFFICE 933 RAMSEY LAKE ROAD, 6th FLOOR SUDBURY, ONTARIO P3E6B5

PERRY VERN ENGLISH BOX 414SOURIS, MANITOBA ROK 2CO CANADA

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

Dear Sir or Madam

Submission Number: 2.23224 Transaction Number(s): W0220.00504

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 STEVEN BENETEAU by email at steve.beneteau@ndm.gov.on.ea or by phone at (705) 670-5855.

Yours Sincerely,

Ron GashinskiSenior Manager, Mining Lands Section

Gc: Resident Geologist

Perry Vern English (Claim Holder)

Assessment File Library

Perry Vern English (Assessment Office)

Visit our website at http://www.gov.on.ca/MNDM/LANDS/mlsmnpge.htm Page: 1 Correspondence 10:16991

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First Au Stratigies Corp. Max Min Survey

444 Hz Uchi Lake Grid

Date: March 2002 Scale: 1:5000 Clark Exploration Consulting

MMilnt IBM

jji-phase response trace

LEGENDInstrument: Max Min II+

Instrument: Apex Parametrics Ltd. Coil Separation: 100 meters

Frequency: 444 \\z Grid Centered: UTM 5655000N l 53286000 E Conductor , -,- ™

\j-(out of phase profile

Profile Scale: 1 cm a S units

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First Au Stratigies Corp. Max Win Survey

1777 Hz Uchi Lake Grid

Date: March 2002 Scale: 1:5000 Clark Exploration Consulting

Max Min ProfileConductor Trace

Instrument: Max Min II+ Instrument: Apex Parametrics Ltd.

Coil Separation: 100 metersFrequency: 1777 Hz

Grid Centered: UTM 5655000N f 53286000 E

Profile Scale: 1 cm z 5 units

52N02SE2011 2.23224 EARNGEY 220

First Au Strategies Corp. Total Field Proton Magnetometer

Uchi Lake GridDate: March 2002 Scale: 1:5000

Clerk Exploration Consulting

Proton Magnetometer Instrument: GEM GSM-19

Contour Interval: 100 nT — ̂^— Max Min II conductor

Grid Centered: UTM 5655000N l 53286000 E

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First Au Strategies Corp. Total Field Proton Magnetometer

Uchi Lake GridData: March 2002 Scale: 1:5000

Clark Exploration Consulting

Proton Magnetometer Instrument: GEM GSM-19

Magnetometer Posted Readings — 4M* — Max Min II conductor

Grid Centered: UTM 5655000N i 53286000**Note: All Readings Have had 58000

subtracted from them

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