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ACCURASSAY LABSA DIVISION OF ASSAY LABORATORY SERVICES INC.


(807) 623-6448 FAX 623-6820

Dave PeerunKa b40-2O7 oliver Road T nuncier Bay , ON p/K b l b

ll-Aug-92

page: i Copy: i of 1bet : l

Attn: Mr Project :

Dave Petrunka Received: 4-Aug-92 10=01PC

Job 924432 i Status: P inal

Rock Samples

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ACCURASSAY LABSJL. A DIVISION OF ASSAY LABORATORIES SERVICES INC.


(807) 623-6448 FAX 623-6820

uav/e Petrunka.•^40-20 x Oliver Roaa page: ]inunoer bay, ON Copy: i or I

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At.tn: Mr. Uave PetrunKa Received: 2/-JU.L-V2 ov:2b Project: PU #:

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ACCURASSAY LABSJL A DIVISION OF ASSAY LABORATORIES SERVICES INC.


(807) 623-6448 FAX 623-6820

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ACCURASSAY LABSJL A DIVISION OF ASSAY LABORATORIES SERVICES INC.


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ACCURASSAY LABORATORIESX A DIVISION OF ASSAY LABORATORIES SERVICES LTD.


PHONE (807) 623-6448 FAX 623-6820

Dave Petrunka 540-207 Oliver Road Thunder Bay, ON P7B 5T8

16-Jun-92

Page: Copy:Set :

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Attn: Mr. D. Petrunka Project:

Received: 10-Jun-92 14:06PO tt:

Job: 924235T Sta,tMy: Preliminary

Rock Samples

Cu Au AA FA/AA1

Sample PPHI ppb

21650121650221650321650421650521650621650721650821650921651O

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0.231-0.1100.0150.0410.0440.0940.1100.0560.047O.O37

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Olcott Gold Prospect

The Olcott Gold Prospect was discovered in the early 1930's and has been subjected to a reasonable amount of scruteny ever since. Extensive stripping in 1990 by co-owner Wayne McChristie and detailed sampling in 1991 by co-owner Dave Petrunka has revealed the complex nature of the gold bearing structure and gold distribution.

As currently exposed by a 100m by 40m stripping, this occurrence consist of a central quartz vein up to #?m in width which extends beyond the lenght of the stripped area. The vein is enveloped by strong iron-carbonate alteration, 25m in width. This alteration zone contains pyrite and arsenopyrite.

The overall strike direction of the vein is 130 degrees. The vein and the alteration are affected by a well developed foliation which strikes at 80 degrees and and numerous shear zones which strike from O to 40 degrees. The net result is a tightly folded vein with numerous sharp offsets. Structural elements which controlled the emplacement of the vein were not observed as they were most likely destroyed by the latest deformation. Under these conditions, predicting the direction of the continuity of this vein would be difficult, the numerous unsuccessful diamond drilling programs carried out on this property to date attest to this.

The alteration zone adds an element of predictability in tracing out this mineralized system. A high percentage of magnetite was observed outside the alteration zone. If this magnetite alteration is persistent, the magnetic highs on either side of the magnetite destructive iron-carbonate alteration (magnetic low), should be easy to trace out with a detailed magnetometer survey.

Dave Petrunka with the assisstance of an OPAP grant carried out a blasting and sampling program on this property in 1991. Several trenches on the main zone were sampled. T h i r t y^ ei gh t samples were taken from a north trending 7m trench •*aTr~ther~ * ' eastern limit of the exposure. At this location the zone is severely affected by north trending shearing which has produced carbonate-mica schist with disseminated pyrite and arsenopyrite. The average value from these samples is 0.187 opt. Au, the lowest value being 0.033 and the highest 0.563. Much of the material sampled was quartz vein free. At the west end of the exposure, at two separate locations, mineralized, quartz vein free wallrock assayed 0.243 opt Au (avg. of 3) and 0.033 opt Au (avg. of 5) .

In summary, the two dimensional information gained by overburden removal has demonstrated why numerous diamond drilling programs failed to trace out this gold mineralization. A better grasp of the structural controls

and the nature of the mineralization provided by this new exposure will lead to an expansion of this gold occurrence

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ACCURASSAY LABORATORIESA DIVISION OF BARRINGER LABORATORIES LIMITED, REXDALE, ONTARIO

BOX 426KIRKLAND LAKE, ONTARIO, CANADA P2N 3J1

TEL.: (705) 567-3361

President: Dr. GEORGE DUNCAN, M.SC., PH. D., c. chem (Onu c. chem IU.K.I, M.C.I.C., M.R.S.C., A.R.C.S.T.

42026 Certificate of Analysis

10 3093

October

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Gold Goldjcb Oz/T

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CUSTOMER COPY



TEL.: (705) 567-3361

President: Dr. GEORGE DUNCAN, M .SC., Ph. D., c. own (Onu, c. Chem (U.K.), M.C.I.C., M.R.S.C., A.R.C.S.T.

42027 Certificate of Analysis' i -.:--'.-l "; ": l . ver PC -. rj "'•f'-i^i'J'^f-'v ~;^Y OM

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42029 Certificate of Analysis. P s r. r'i n ka -"i*• C-20:-' " .i i v er Hoar!*0'NO;i" :' e-vr . CN"' w' ' "' i/JO' k 'j T "ir v

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