2011 Phase III Exploration Program
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ASSESSMENT REPORT VOLUME I - REPORT ON THE 2011 Phase III Soil Sampling, Ground & Airborne Geophysics and Geological Mapping Programs Iron Range Property Nelson/Ft. Steele Mining Districts Mapsheets 82F018/82F019 Center of Work Latitude 49°10'00'' N, Longitude 116°25' 30''W NTS 543000mE/5446000mN Prepared for: Providence Resources Corporation 918 - 1030 W. Georgia Street Vancouver, British Columbia V6E 2Y3 Canada and Eagle Plains Resources Ltd. Suite 200-44 12th Avenue South Cranbrook, B.C. V1C 2R7 Canada By Ronnie Therriault, M.Sc., P.Geo. TerraLogic Exploration Inc. Suite 200-44 12th Avenue South Cranbrook, B.C. V1C 2R7 Canada Date February 10, 2011 SUMMARY The Iron Range property is located in southeastern British Columbia within the Goat River area 15km northeast of the town of Creston. This 56,385.68 hectare land package within the Nelson/Fort Steele Mining Districts is currently owned 100% by Eagle Plains Resources Ltd. In 2010 Providence Resources Corporation entered into a joint venture with Eagle Plains Resources Ltd. to earn a 60% interest in the Iron Range property through expenditures to total $3,000,000. The claims are situated along a high pressure gas pipeline and a high voltage hydro-electric line which follow the CPR mainline and Highway 3 South. The Iron Range is a Middle Proterozoic regional scale linear fault structure known to host significant iron oxide mineralization. The Iron Range deposits were originally staked in 1897 and were covered by Crown Grants held by Cominco Ltd. and the Canadian Pacific Railway. When the grants were reverted in 1999, Eagle Plains Resources Ltd. staked the ground as the FeO and IR claims. Past work on the Iron Range deposits by Cominco Ltd. in 1957 was directed toward the considerable iron oxide resource and consisted of trenching and very shallow (20m depth) diamond drilling in the area along the Iron Range fault zone. Ongoing work by Eagle Plains Resources Ltd. from 2000-2005 focused on exploring the potential of the Iron Range fault zone and surrounding area as a conduit and host for both Iron oxideCu-Au (IOCG) mineralization and sedimentary exhalative (SEDEX) Ag-Pb-Zn mineralization. In 2008 Eagle Plains Resources Ltd carried out a diamond drilling program focusing on the Union Jack, O-Ray, Keepsake, Rhodesia and Unnamed mineral occurrences located within the northern portion of the Iron Mountain Fault Zone. The two primary objectives of the drill program were to test for IOCG mineralization and define a near surface iron resource. Near surface high-grade Au mineralization was intersected at the O-Ray Minfile occurrence. The 2009 exploration program was completed in two phases. Phase I accommodated ongoing academic studies, and explored in detail through mapping, trench and soil sampling the O-Ray showing area. Phase II consisted of diamond drilling to exploit and expand the near surface high grade gold drill results from the 2008 program. Through a joint collaboration of industry and university known as the MITACS Accelerate Program, Masters student Michael Galicki continued field work for his thesis titled: 'Geochronology and Petrology of Iron Oxide Mineralization, Creston, B.C'. and 'Paleomagnetism of the Iron Range Iron Oxide Deposits'. Eagle Plains Resources Ltd. funded 50% of the work. TerraLogic Exploration Inc. conducted a systematic trench and soil sampling program over a series of three east-west oriented trenches on the Iron Range iron oxide structure within the historic O-Ray showing area. This showing yielded near surface high-grade drill results in 2008 which prompted geological mapping and continuous one metre channel and chip sampling to determine if the gold mineralization continued to surface. Excavation of these historic Cominco trenches encompassed an area approximately eighty metres north-south by 25 m east-west. In addition, close spaced soil samples were taken from nine soil lines over the area of trenching. Results of the program indicated structural controls on the gold mineralization at depth. A joint venture agreement with Swift Resources Ltd. in the latter part of 2009 resulted in a seven hole diamond drill program. A total of 579.17 metres of NQ2 size core were drilled in proximity to the O- Ray showing, with the vast majority of drill holes vectored at intersecting the gold mineralization from the 2008 program. The total expenditures for the combined 2009 exploration programs amounted to $ 403,389.04 The 2010 and 2011 diamond drilling exploration program was initially based on drill testing a large 1.6km x 1.2km ovoid EM anomaly within the southeast portion of the tenure area. The anomaly was delineated by a 2004 GeoTech Ltd. high resolution VTEM airborne survey. Data processing and interpretation by Condor Geophysics Ltd. deemed the anomaly to be near surface and conformable to bedding. The anomaly was interpreted to lie at or near the Lower-Middle Aldridge Formation contact (LMC) which is the stratigraphic horizon hosting the world class Sullivan SEDEX deposit approximately 55km to the northeast. The intersection of tourmaline bearing metasediments with occasional stratiform laminae of pyrrhotite, pyrite, and lesser chalcopyrite in IR10-001 near the LMC was interpreted as being an environment proximal to a hydrothermal 'vent'. This prompted additional drilling and the expansion of the original $200,000 budget. Drill holes IR10-002, IR10-003, and IR10-004 continued to drill test within the perimeter of the EM anomaly, intersecting additional tourmaline development and minor albite-silicasericite alteration. Expansion of the budget by Providence Resources Ltd. to $650,000 led to additional drilling east of the EM anomaly footprint. In an effort to locate massive sulphides interpreted to possibly lie in proximity to the vent source, IR10-005 intersected narrow (2-4cm) sub-vertical massive sulphide veining in the form of galena and sphalerite. The budget expanded and the drill program continued through to April 2011 generating twenty-nine drill holes at an expenditure cost of $1,867,790.77. Assessment report costs amount to $11,806.50 bringing the total expenditures for the Phase I and II portions of the Iron Range program to $1,879,597.27. Phase III of the 2011 program (the subject of this report) consisted of soil sampling, geological mapping, induced polarization ground and downhole geophysics and airborne geophysics. 4245 soil samples were taken in 2011 over six areas: Arrow East, Row, Canyon, Canyon East, Gap and 6 Mile. A number of base and precious metal anomalies were identified/refined. Two of the strongest anomalies occur on the Row (Pb-Zn-Cu-+/-As) and the Canyon (Pb-Zn-Cu-Au-As) grids. Results of a VTEM survey over the Row grid only produced a small number of weak conductors. Results of a ZTEM survey obtained, a number of interesting conductive structures across the property. This data is currently under review/reinterpretation by Condor Geophysical Ltd. Total expenditures for Phase III amounted to $944,013.75. Table of Contents Summary .................................................................................................................................................... i Table of Contents ..................................................................................................................................... iii Introduction ................................................................................................................................................1 Location and Access .............................................................................................................................1 Tenure ....................................................................................................................................................1 History and Previous Work ...................................................................................................................5 Geology ....................................................................................................................................................10 Regional Geology ...............................................................................................................................10 Property Geology ................................................................................................................................12 2011 Phase III Exploration Program .......................................................................................................21 Surface and Borehole IP .....................................................................................................................21 Soil Sampling Program .......................................................................................................................22 VTEM-ZTEM & AGG Airborne Surveys ..........................................................................................24 Mapping Program ................................................................................................................................36 Conclusions .............................................................................................................................................39 Recommendations ....................................................................................................................................39 References ................................................................................................................................................42 List of Figures Figure 1 - Property Location ......................................................................................................................6 Figure 2 - Tenure Summary .......................................................................................................................7 Figure 3a - Regional Geology ..................................................................................................................18 Figure 3b - Regional Geology Legend .....................................................................................................19 Figure 4 - Property Geology ....................................................................................................................20 Figure 5 - Soil Survey Compilation Map .................................................................................................25 Figure 6a - Arrow East Soil Survey Compilation Map - North Portion ..................................................26 Figure 6b - Arrow East Soil Survey Compilation Map - South Portion ..................................................27 Figure 7a - Canyon Soil Grid Geochemistry - As ....................................................................................28 Figure 7b - Canyon Soil Grid Geochemistry - Pb & Zn ..........................................................................29 Figure 8a - Six Mile Soil Grid - As ..........................................................................................................30 Figure 8b - Six Mile Soil Grid - Pb & Zn ................................................................................................31 Figure 9a - Contour and Grid Geochemistry, Canyon East and Gap - As ...............................................32 Figure 9b - Contour and Grid Geochemistry, Canyon East and Gap - Pb & Zn......................................33 Figure 10a - Row Soil Grid Geochemistry - As .......................................................................................34 Figure 10b - Row Soil Grid Pb & Zn .......................................................................................................35 Figure 11a - 2011 Geological Mapping ..................................................................................................37 Figure 11b - 2011 Geological Mapping Legend .....................................................................................38 List of Tables Table 1 - Claims Status ..............................................................................................................................2 Table 2 - Recommendations and Costs Summary ...................................................................................40 LIST OF APPENDICES Volume II Appendix I Statement of Qualifications Appendix II Statement of Expenditures AT END AT END Appendix III Geochemical Protocol 3.1 Geochemistry- Field sampling techniques 3.2 Analytical Procedures 3.3 Sample Descriptions Appendix IV Analytical Certificates 4.1 ALS 4.2 Stewart Group Appendix V Geological Mapping 5.1 AT END AT END Field Stations, Structural Measurements and Notes Volume III Appendix I Ground Geophysical Surveys 1.1 Talon Zone Induced Polarization Orientation Survey 1.2 Talon Zone Induced Polarization Borehole Surveys 1.3 Talon Zone 3D Inversions Appendix II Geotech Ltd. Airborne Geophysical Surveys 2.1 Geotech VTEM Survey Report 2.2 Geotech ZTEM Survey Report Appendix III Fugro Ltd. Airborne Geophysical Survey 1.1 Fugro AGG Survey Report AT END AT END AT END INTRODUCTION LOCATION AND ACCESS The central portion of the Iron Range property is located 15km northeast of Creston, B.C. between the Goat River and Arrow Creek drainages (Figure 1). The claims are centered at approximately Latitude 49°7’N, Longitude 116°23’W (NTS 5442000N / 544000E) on NTS Map sheets 82F008, 82F009, 82F018, 82F019. Access to the south central portion of the property is via a network of forestry service roads (FSR's) which include the Arrow Creek and Crackerjack Creek FSR's. The northern and central portions can be accessed from the junction of Highway 3 and the hamlet of Kitchener. The northern and eastern part of the property is accessed via the Iron Mountain and Hall Lake FSR's. The latter leads to the Iron Mountain FSR and is accessed west off of the main Goat River FSR just north of the 11.5km marker. The property is bisected lengthwise by an historic Cominco exploration trail which runs roughly parallel to the main Iron Range Fault structure and is easily accessed using an ATV from the south and 4WD vehicle from the north. Access to the southeast portion is from the Thompson Mtn. FSR in Canyon, a hamlet of Creston. The southernmost portion is gained south off of Hwy 3 east of Creston through the Russell Ck. and Carrol Ck. FSR. The Six Mile and Crackerjack Creek areas have been extensively logged, and the south central part of the property is partially within the Arrow Creek Community Forest License. A well developed transportation and power corridor lie at the southern end of the Iron Range claims, where a new high pressure gas pipeline and a high voltage hydro-electric line follow the Canadian Pacific Railroad (CPR) mainline and Highway 3 south. The rail line provides efficient access to the Cominco Ltd. smelter in Trail, B.C. The claims cover alpine to sub-alpine terrain within the Iron Range of the southern Purcell Mountains. Elevations range from 800 to 1900m, with moderate to very steep topography. Vegetation at the lower elevations consists of lodge pole pine, balsam fir, with lesser birch, aspen, cedar, and hemlock flanking drainage and riparian zones. The mid to upper elevations contain sparse populations of white pine, local cedar, and a progressive increase in hemlock and balsam fir, the latter dominating at the height of land. Outcrop exposure is good on ridges to moderate at lower elevations. The central part of the property is a broad N-S oriented ridge which is bisected by the main Iron Range Fault structure. Tenure The Iron Range property consists of 56,385.68 hectares. The claims are owned 100% by Eagle Plains Resources Ltd. The discovery of base and precious metal mineralization in 2010 prompted the staking of an additional 36,593.68 hectares from a previous 19,792.00 hectares. Project Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Ownership Tenure Claim 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL Number 702643 704857 711924 711962 835083 835084 835085 835086 835087 835088 835089 835090 835091 835092 835093 835094 835095 835096 835097 835098 835099 835100 835101 835102 835140 835141 835142 835143 835144 835145 835146 835148 835150 835152 Name IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR DD/MM/Y Mining YYY Expiry Date Division 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 Hectares 337.4900 84.4300 406.1100 252.5800 527.8856 528.3724 401.0446 527.5837 528.3952 527.5773 527.3703 528.5387 506.2805 486.2545 527.1528 526.93 507.5487 526.712 465.4432 421.5688 505.6653 505.4138 484.3222 518.0618 528.4753 464.8876 528.4735 528.6621 528.8144 507.8189 528.2951 528.5149 528.7223 507.7442 Project Ownership Tenure Claim Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 835153 835154 835238 835239 835240 835241 835242 835243 835244 835245 835246 835247 835248 835249 835251 835252 835253 835623 835624 835625 835626 835627 835641 835643 835645 835648 835650 835653 835654 835656 835657 835658 835659 IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR IR DD/MM/Y Mining YYY 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 Iron Range 100% EPL 835660 IR 09/11/2011 516.1239 Iron Range 100% EPL 835661 IR 09/11/2011 504.648 Hectares 529.0261 507.2253 508.0195 465.7274 508.0266 529.4108 423.3898 508.1921 529.4329 529.6389 508.3576 529.4247 508.4424 508.5226 487.2675 508.619 360.2454 526.6934 505.4805 526.439 526.3463 526.2352 526.0967 483.7441 431.9392 505.5324 484.2488 442.0749 526.204 484.0562 526.0529 525.9464 525.9095 Project Ownership Tenure Claim Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL 835662 835663 835664 835665 835666 835667 835668 836990 602113 602290 602419 602421 602423 602424 602425 602426 602427 602938 602964 602966 602969 Iron Range 100%EPL 602971 Iron Range 100%EPL Iron Range 100%EPL 602973 602974 Iron Range 100%EPL 602975 Iron Range 100%EPL Iron Range 100%EPL 602976 602977 Iron Range 100%EPL 602978 Iron Range Iron Range Iron Range Iron Range Iron Range 602979 602980 602981 602982 654885 IR IR IR IR IR IR IR IR GLEN 12 RC 2 RC 4 RC 5 RC 6 RC 7 RC 8 RC 9 RC 10 RC 11 RC 12 IRON RANGE IR IRON RANGE 03 IR IRON RANGE IRON RANGE 07 IR IRON RANGE IRON RANGE 11 IR IR IR IR IR 100%EPL 100%EPL 100%EPL 100%EPL 100%EPL DD/MM/Y YYY 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 Mining Hectares 082F 082F 082F 082F 082F 082F 082F 082F 082F 082F 082F 082F 082F 525.8333 441.5457 462.6483 525.6822 525.6536 252.2785 252.2574 147.96 401.4753 84.5182 380.0893 527.4763 527.9864 527.7637 400.7773 232.1055 21.1072 505.5517 526.3712 506.4738 505.5781 09/11/2011 082F 527.097 09/11/2011 09/11/2011 082F 082F 527.5465 231.9107 09/11/2011 082F 506.2136 09/11/2011 09/11/2011 082F 082F 21.0666 358.1486 09/11/2011 082F 252.8364 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 082F 082F 082F 082F 082F 527.3693 484.7763 526.565 484.9739 316.158 Project Ownership Tenure Claim Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range 100%EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 674463 504506 583786 504507 504512 511986 511988 511990 511991 511992 511997 512004 Iron Range 100% EPL 513970 IR Iron Range Iron Range Iron Range Iron Range IR1 IR2 IR3 IR4 IR5 IR6 IR7 IRON RANGE NEW Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range Iron Range 516530 516534 516521 516523 516528 516532 516533 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL 100% EPL DD/MM/Y YYY 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 09/11/2011 Mining Hectares 082F 12 Nelson 12 Nelson 12 Nelson 12 Nelson 12 Nelson 12 Nelson 12 Nelson 12 Nelson 12 Nelson 12 Nelson 12 Nelson 21.13 528.1140 295.7600 527.9060 253.3590 527.7440 527.9630 126.7550 63.3920 211.3220 464.5600 380.2390 09/11/2011 12 Nelson 84.3050 09/11/2011 09/11/2011 09/11/2014 09/11/2014 09/11/2014 09/11/2014 09/11/2014 12 Nelson 12 Nelson 12 Nelson 12 Nelson 12 Nelson 12 Nelson 12 Nelson 760.0320 464.4480 695.5510 906.9000 1076.4930 506.8950 1035.1340 56385.68 Table 1 – Claims Status History and Previous Work The Iron Range prospect was discovered and staked in 1897 along an extensive belt of iron oxide showings. Initial work included several small shafts, adits, and trenches, and later with limited diamond drilling to a maximum depth of 20m. Many of the original claims on the Iron Range were established as Crown Grants. In 1939, The Consolidated Mining and Smelting Company of Canada Ltd., along with its parent company CPR, acquired the main claim block on the northern part of Iron Range Mountain. The claims were evaluated by CM&S (pre-Cominco Ltd., now Teck Ltd.), to assess the potential for a large iron resource. As part of this evaluation, Cominco Ltd. completed an extensive trenching program in 1957, exposing the Iron Range structure and mineralization over more than 4km strike length. In the 1980’s Cominco Ltd. completed regional-scale work through the area as part of its Sullivan SEDEX search program. This included reconnaissance-scale mapping, contour soil geochemistry, and UTEM surveys. Most of the Iron Range Crown Grants were held by Cominco – CPR until 1999 when they were reverted. Eagle Plains Resources Limited re-staked the original Crown Grants as the FeO and IR claims on the day the historic grants lapsed. These claims cover the main part of the Iron Range structure worked by Cominco including the historic Union Jack crown grant in the north and the Rhodesia crown grant in the south. Eagle Plains subsequently staked the TCK claims in the area of Thompson Creek to cover the historic Great War crown grants. The May Bee MinFile showing has seen historical (pre-1950s) exploration with two levels developed on the south end of the current holdings. This mineralization is proximal to the Iron Range fault system, and consists of chalcopyrite and associated gold and silver values in a 0.3m to 1.5m wide quartz vein hosted by a gabbro sill. The Virginia MinFile occurrence also saw some historic small scale development with two levels developed approximately 40m apart on a galena bearing quartz vein. The showing area was also tested by diamond drilling and electromagnetic surveying in the early 1950’s. 2001 fieldwork by Eagle Plains consisted of grid and contour soil geochemical sampling along the trace of the Iron Range fault system. Results from the work program indicate that the Iron Range structure has a geochemical signature consistent with other Fe Oxide Cu-Au-U-REE deposits. The total cost of the 2001 geological exploration work on the Iron Range Project was $62,356.62. In 2002 Eagle Plains Resources retained Dr. Lucas Marshall to undertake a compilation study on the Iron Range area and to oversee the 2002 fieldwork. Mr. Marshall has a Ph.D. from James Cook University in Queensland Australia with a doctoral thesis on Olympic Dam type deposits. 2002 fieldwork included geological mapping with an emphasis on structural and alteration mapping at a scale of 1:20,000. Grid and contour soil geochemical sampling aimed at constraining soil anomalies established in 2001 were also conducted. A limited rock geochemical sampling program was undertaken in order to assess the geochemical character of the Iron Range metasomatic ironstones and associated alteration. Results and conclusions from the 2002 work included: • Iron Range metasomatic ironstones are marked by significant enrichment in Fe2O3, Au, V, Co, Cr, Ni, SiO2 and Sc; • Geochemical targets along and adjacent to the Iron Range fault zone exhibit enrichment in multiple IOCG indicator elements including Cu, Co, Ba, La and P; • Identification of SEDEX style geochemical anomalies within a narrow stratigraphic interval near the contact between the Middle Aldridge and Ramparts facies. This stratigraphic interval is likely the timeequivalent to the Lower-Middle Aldridge contact (LMC) where the Sullivan Ag-Pb-Zn deposit is located; Mr. Marshall recommended more work on the project, including assessing both SEDEX and IOCG targets. The total cost of the 2002 geological exploration work on the Iron Range Project was $67,506.36. In 2003, Eagle Plains carried out soil geochemical surveying in areas of interest identified by previous work programs. A total of 624 samples were collected. Total expenditures were $15,000.00. In spring 2004, GeoTech Ltd. flew a high resolution VTEM geophysical survey over the Iron Range property, centered roughly on the Iron Range Fault structure, with more detailed lines flown over the inferred LMC. A total of 695 line km's was flown, covering 58.2 km2. The data was reprocessed and interpreted by Condor Geophysics who identified a number of AdTau conductivity and magnetic anomalies. During the summer of 2004, Eagle Plains collected 1062 soil geochemical samples and 8 silt samples targeting the area of the inferred LMC. Doug Anderson, P.Eng. was retained by Eagle Plains to provide geological mapping in the area of the Lower Middle Aldridge (Sullivan Horizon). Late in 2004, a diamond drill program was carried out to test the northern part of the main Iron Range structure in the area of the historic Cominco trenches. Three holes on two sites were completed for a total of 570.4 meters. The drill contractor was FB Drilling of Cranbrook, BC using a Longyear LF70 drill cutting NQ sized core. The drill was moved to the first site using an A Star helicopter provided by Bighorn Helicopters of Cranbrook, BC. The drill was mounted on an enclosed skid shack and moved using a D6 cat. Crews commuted to work from Creston via the Hall Lake FSR and the Iron Range exploration trail established by Cominco in the 1950s. The total cost of the 2004 work was $242,617.53. Work at the Iron Range continued in 2005. Geochemical coverage was expanded to cover the southwestern part of the property in an area of both geophysical AdTau enhancement and anomalous soil geochemistry. A total of 1870 soils, 15 silts, and 3 rock samples were collected by Bootleg Exploration field crews. Doug Anderson completed further geological mapping in the southwest area. In late spring, Eagle Plains completed a four hole 1377 meter test of geological, geochemical and geophysical targets in the area of the Lower Middle Aldridge contact. Three different sites were tested using the FB Drilling Longyear LF 70 drill cutting NQ sized core. Drill moves and core haul were helicopter supported using Bighorn Helicopters. The lower drill site was road accessible, and the two upper sites were accessed via the CrackerJack Creek FSR and then by foot to the drill. The total cost of the 2005 work was $282,532.99. The 2008 diamond drilling exploration program focused the Union Jack, O-Ray, Keepsake, Rhodesia and unnamed mineral occurrences located within the Iron Range Fault zone (IRF). The two primary objectives of the drill program were as follows; 1) To test the IRF for prospective IOCG mineralization and, 2) to define a near surface iron resource. High-grade Au mineralization was intersected adjacent to the IRF at the O-Ray Minfile occurrence. Assay results of the high-grade zone are as follows: 51.52 g/t Au, 2.39 g/t Ag over 7.00m; including 89.98 g/t Au, 4.17 g/t Ag over 4m; also including 118.45 g/t Au, 5.56 g/t Ag over 3.0m (IR08006). The high-grade gold mineralization is hosted within a Chl-Alb-Mt-Hem-Lim metasomatic alteration halo flanking the western margin of the IFR. Qtz-Hem-Chl-Fl-Ms+/-Py+/-Au+/-Ag crackle veinlets occur as stockwork within the metasomatic alteration. Hydrothermal metasomatism and surficial weathering have altered the high-grade interval to friable albite-limonite gouge. The 2008 diamond drilling activities and related exploration on the Iron Range property resulted in a total of $634,182.26 in expenditures. The high grade gold intersection from 2008 formed the basis for a mapping, systematic channel, and soil sampling program over a series of three east-west oriented trenches on the Iron Range iron oxide structure within the historic O-Ray showing area in the summer of 2009. The program accommodated ongoing academic studies through a joint collaboration of industry and university known as the MITACS Accelerate Program. Masters student Michael Galicki continued field work for his thesis titled: 'Geochronology and Petrology of Iron Oxide Mineralization, Creston, B.C'. and 'Paleomagnetism of the Iron Range Iron Oxide Deposits'. Eagle Plains Resources Ltd. funded 50% of the work.. A joint venture agreement with Swift Resources Ltd. in the latter part of 2009 resulted in a seven hole diamond drill program. A total of 579.17m of NQ2 size core were drilled at the O-Ray showing, with the vast majority of drill holes vectored at intersecting the gold mineralization from the 2008 program. Results of the program indicated structural controls on the gold mineralization at depth. The total expenditures for the combined 2009 exploration programs amounted to $ 403,389.04 GEOLOGY REGIONAL GEOLOGY Overview The Iron Range property is located on the west flank of the Purcell Anticlinorium, a broad generally north-plunging structure in southeastern B.C. that is cored by Middle Proterozoic Purcell Supergroup rocks and flanked by Upper Proterozoic Windermere Group or Paleozoic sedimentary rocks. The Iron Range area is well to the west and in the hangingwall of the Moyie Fault, a major, regional right-lateral reverse fault which to the east becomes part of the Rocky Mountain fold and thrust belt event. The property does however straddle the Iron Range Fault (IRF) complex which consists of a number of north-striking faults which occur across an east-west extent of about 3km. The core fault zone is thought to link with the St. Mary-Hall Lake Fault systems about 30km to the north. The IFR cuts the core of the Goat River anticline which is a major secondary fold on the west limb of the anticlinorium. The IFR continues south into the United States and along its entire length as a mappable structure it is marked by a linear magnetic anomaly on airborne surveys. The rocks of the Goat River anticline are those of the Aldridge Formation which is the lowest part of the Purcell Supergroup. The Purcell Supergroup comprises an early synrift succession, the Aldridge Formation, and an overlying generally shallow water post-rift or rift fill sequence which includes the Creston and Kitchener Formations and younger Purcell rocks. The Aldridge is the oldest formation of the Proterozoic Belt-Purcell Supergroup. The Supergroup is a thick sequence of terrigenous clastic, carbonate, and minor volcanic rocks of Middle Proterozoic age. The basal Aldridge Formation, as exposed in Canada, consists of siliciclastic turbidites about 4000m thick. It is informally divided into the Lower, Middle, and Upper members. To the north and east in the basin, the Lower Aldridge (LA), the base of which is not exposed, is about 1500m of rusty weathering (due to pyrrhotite), thin to medium bedded argillite, wacke and quartzitic wacke generally interpreted as distal turbidites. The Sullivan ore body occurs at the top of this division. To the south and west in the basin in Canada, the upper part of the Lower Aldridge is dominated by grey weathering, medium to thick bedded quartz wackes considered to be proximal turbidites. The Lower Aldridge is commonly host to a proliferation of Moyie intrusions, principally as sills. The Middle Aldridge (MA) is about 2500m of grey to rusty weathering, dominantly medium bedded quartzitic wacke turbidites with periodic inter-turbidite intervals of thin bedded, rusty weathering argillites some of which form finely laminated marker beds (time stratigraphic units correlated over great distances within the Aldridge/Prichard basin). There are several Moyie intrusions as sills within the Middle Aldridge including two of the most consistent, laterally extensive sills. The Upper Aldridge is about 300m of thin bedded to laminated, rusty weathering, dark argillite and grey siltite often in couplet-style beds. Intrusive Rocks Gabbros and diorites of the Moyie Intrusions are present as sills in the Ramparts facies and the Middle Aldridge with individual widths up to approximately 100m. These sills can be divided into a lower series in the Ramparts facies and lowermost Middle Aldridge, and an upper series in the uppermost Middle Aldridge. Individual sills vary substantially in grain size, color and magnetic character rendering correlation based on these characteristics problematic. Most of the sills are non-to weaklymagnetic, and rarely attract a hand magnet. Adjacent to some sill contacts, Aldridge Formation sedimentary rocks record soft-sediment deformation features consistent with the interpretation that the sills were emplaced into wet sediments. Gabbro is also found as pods within the Iron Range fault zone, suggesting that gabbro was emplaced as a dyke along at least part of this structure (see below). While granitoid intrusions are not found within the Iron Range map area, the exposed margin to the Cretaceous Bayonnne batholith crops out approximately 10km to the northwest. A polymictic lamprophyre breccia dyke with biotite phenocrysts up to 2cm is noted at one locale to be emplaced along the IRF. The matrix to the lamprophyre breccia is non-foliated suggesting it was emplaced late in the fault history. Current studies by Mike Galicki, M.Sc., student of Simon Fraser University, are investigating the presence of apatite-phlogopite-magnetite alkaline carbonatite intrusives found within and adjacent to the IRF. Additionally, a number of samples of iron oxide were collected to infer an age date (s) for the Iron Range structure based on paleomagnetism. Structure The IRF is exposed on the west limb of the Goat River anticline, a regional scale gently northnorthwest plunging fold. The trace of the fault trends approximately north, such that at the northern end of the map area, the fault lies approximately 5km from the axial trace of the Goat River anticline, while at the southern end of the property, the two are approximately coincident. As a consequence, bedding in the northern half of the map area most commonly dips moderately to the west-northwest, with subordinate beds on the eastern limbs of parasitic anticlines dipping to the east-southeast. The southern half of the map area is approximately coincident with the axial trace of the Goat River anticline, and bedding is nearly flat lying. Although east-dipping fold limbs are poorly represented in the map area, an approximately 90° spread in the orientation of east and west dipping fold limbs indicates that the Goat River anticline and associated parasitic folds are open folds. The calculated orientation of the axial plane to regional folds is 195/83 (west-northwest-dipping). Fold axes to mesoscale folds exhibit shallow to moderate plunges to the north-northwest, that are consistent with the calculated β axis orientation of 007/015. The approximately 30° spread in both the plunge of measured and calculated fold axes and the spread in bedding measurements reflect a noncylindrical component to the regional fold hinges. A regional foliation is best developed in fine grained siltstones and silty shales, most common in the northern half of the map area. The mean orientation to this regional foliation is 196/61 (west- northwest-dipping). Except where measured along the axial plane of mesoscale parasitic folds, this foliation has a more shallow dip than the calculated axial plane to the Goat River anticline (195/83). This difference can be explained by the common observation that the moderately dipping regional foliation in fine grained lithologies refracts across coarser grained lithologies to form a sub-vertical fracture cleavage. Thus, while the regional foliation is not typically axial planar to regional folds it is a product of the folding event. Property Geology Overview The Iron Range deposits are located along the IRF system, a regional structural feature which has a strike length of at least 90km. The fault zone forms a continuous deformation corridor stretching from the southern to northern ends of the property. Stinson and Brown (1995) note that a southern continuation of the fault is exposed 1.5km southeast of Mt Thompson, where it forms an anastomosing set of faults. To the north of the map area the IRF is cut by the Arrow Creek thrust system (Reesor, 1981). Within the claim block the IRF is defined by several north-striking faults which cut all three stratigraphic divisions of the Aldridge Formation. The trace of the fault trends approximately north, such that at the northern end of the map area, the fault lies approximately 5km from the axial trace of the Goat River anticline, while at the southern end of the property, the two are approximately coincident. The northern part of the property was mapped by Marshall in 2001. Here, the IRF zone ranges in width from <50m to approximately 150m. Net displacement is difficult to constrain due to the lack of distinct stratigraphic horizons, but appears to be minor, based on the apparent offset of a sill in the central portion of the 2001 map area. The fault zone is characterized by a combination of brittle and ductile features, including a central mylonite zone with localized cataclastic breccias. This grades outwards in both the footwall and hangingwall into zones of crackle brecciation, veining and localized shearing. The structural features preserved in the fault indicate at least one period of deformation after the sediments were lithified, and after crystallization of the Moyie Intrusions. Further, crackle breccias in the fault zone are not overprinted by the regional foliation, suggesting that at least some deformation along the Iron range fault zone occurred late to post folding and regional foliation development. The range of preserved deformation styles suggests deformation occurred near the elastico-frictional to quasi-plastic transition described by Sibson (1977), which typically occurs at a depth between 10 and 15km. The shear fabric developed within the fault zone has a mean orientation of 178°/77° (west-dipping) and variation in strike of individual measurements between approximately 160° and 200° reflects anastomosing of the shear fabric within the fault zone. Given the correlation between the mean orientation of the measured shear fabric, and the mapped orientation of the fault, the mean shear fabric is taken as a good approximation of the fault orientation. In the northern half of the map area, the shear fabric has a mean orientation of 181°/76° (west dipping) while in the southern half the mean orientation is 168°/85° (west dipping). Drag folding of both sediments and gabbroic sills is noted in both the footwall and hangingwall to the fault. Bedding measurements on both sides of the fault exhibit a consistent shift towards more steeply west dipping orientations as the fault is approached. This suggests predominantly normal displacement on the fault during at least one ductile (or brittle-ductile) slip event. The occurrence of rare pull-apart structures within banded hematite-quartz mylonite also suggests normal displacement. Mapping during 2004 - 2005 focused on a 40km2 area on the southern end of the Iron Range property north of Highway 3/95 between the Goat River on the east and Arrow Creek on the west. Mapping was done at a scale of 1:10,000 with a generally low percentage of outcrops encountered. The 2004 - 2005 mapping area covers the core of the Goat River anticline reaching significant portions of the limbs on the east and west. Mapping defined the most significant features as the north-trending, numerous faults and the features associated with them. The core of the anticline corresponds to the core of the IRF complex as well. Here, at least three parallel faults occur across 1250m east-west. The faults exhibit moderate displacement of the Sullivan Horizon. The structural zone has also influenced the emplacement of Moyie intrusions as dykes and sills, focused hematite and magnetite mineralization and associated albite and chlorite alteration within tectonic brecciation, the development of localized sedimentary fragmental formation, and the development of the Sullivan Horizon and bounding sedimentation. These growth faults, active during the early Proterozoic are also re-activated structures (probably at several different times) at least to the middle of Middle Aldridge time. There are several other northstriking faults on the map-sheet. One fault on the east side of the property also appears to control features such as sill and dyke emplacement, albite/chlorite alteration and sedimentary fragmental formation. It appears to cut close to the axis of an anticlinal fold on the east limb of the Goat River structure. On the west side, a NNE trending fault influenced the same type of developments as for other faults. The west side of this structure is not well defined because of a lack of outcrop. This complex of structures has impacted the Aldridge Formation host rocks and the included Moyie intrusions. The oldest sedimentary rocks are Lower Aldridge encountered at the very base of outcrop along the north flank of the Goat River. The thickness of rusty weathering, thin bedded, argillaceous, distal turbidites is limited, quickly becoming dominated by thick bedded quartzites of the Ramparts Facies up section. Ramparts Facies is a Lower Aldridge equivalent section of about 650m thickness which defines upper Lower Aldridge in the southwest part of the Canadian portion of the Purcell basin. Ramparts Facies is represented by grey weathering, thick to very thick bedded, fine to medium grained quartz wacke to quartzitic wacke. There are interbedded argillaceous units which approximate 5 to 15% of the section. These are current impacted, often dark colored, biotitic wacke to argillite. Ramparts Facies are proximal turbidites, rapidly deposited in a high energy environment. Intruding the Lower Aldridge and Ramparts Facies are numerous Moyie intrusions as sills and dykes of variably crystalline gabbro to quartz diorite. On the east side, granofels was noted in the lower sill intruding Rampart Facies rocks. Above the Ramparts Facies-Lower Aldridge transition are Middle Aldridge sediments exemplified by moderately rusty weathering, interbedded AE or ACE Bouma facies turbidites which are dominantly medium bedded quartzwacke with intervals of thin bedded to laminated argillaceous wackes. Stratigraphic marker horizons exist within this portion of the Middle Aldridge and one such marker was located on the northeast portion of the map sheet. The marker provides some measure of stratigraphic control on the entire section of Middle Aldridge through Ramparts Facies to Lower Aldridge. Moyie intrusions are present as dykes and sills as relatively minor units. Major, regionally extensive sills occur higher in the Middle Aldridge, north of the map area and in the soutwest portion of the claim block. The latter form a volumetrically large assemblage intercalated within the Ramparts Facies primarily west of the main IRF. The assemblage lies within an area of approximately 40km2, extending into the equivalent Belt rocks in the United States. The Lower/Middle Aldridge Contact or Sullivan Time is present on the property and occurs at the interface between Ramparts Facies and the Middle Aldridge. Moderate to poor outcrop exposure limits views of the Sullivan Horizon across the property. In 2005, emphasis was given to field examination of the west side along the NNE trending fault zone as further modeling of the airborne geophysics data indicates an EM conductor occurs at a shallow depth. The west-facing slope into Arrow Creek has little exposure but outcrops in the area suggest some variations from the normal Middle Aldridge rock sequence. Black argillites and quartzites in the area of the anomaly suggest an anoxic sub-basin may be present. As well, tourmaline is ubiquitous as minor disseminations in the sediments. Some float over the north-central part of the anomaly is black, quartzrich rock matrix to charcoal grey carbonaceous clasts as fragmental. The NNE fault appears to project through and impact the shape of the EM response. Mineralization in the map area prior to drilling is represented primarily by the hematite-magnetite zones within the core fault complex of the Iron Range. They are cross-cutting, often breccia zones within the gabbro dominated section. The main focus of the 2005 mapping was to evaluate the possibility of base-metal sulphide mineralization occurring at Sullivan Time. Presently known sulphide showings occur as cross-cutting copper, lead, and zinc veins localized within Moyie intrusions. There is also the upper sill on the east side which contains abundant pyrrhotite locally, some of which is nickeliferous. No additional (new) sulphide occurrences were located as a consequence of the mapping. Early fault history In the northern half of the map area, the IRF lies predominantly on the west-dipping limb of the Goat River anticline, which has a mean orientation of approximately 210°/30°. By unfolding this limb to horizontal about the regional fold axis, the original orientation of the IRF in the northern half of the map area is shown to have been approximately 170°/50° (west-dipping). In the southern half of the map area the fault cuts near flat-lying stratigraphy, and as such the current orientation of the fault of approximately 170°/85° (west-dipping) is close to the original orientation. Other fault zones A broad zone of weak crackle brecciation and albitization striking approximately 035° with a near vertical dip marks the Black Bear fault. The fault zone is poorly exposed, and timing, sense and magnitude of displacement remain unconstrained. The projected intersection between the Black Bear fault and the Iron Range was the target for DDH IR04-003. An inferred fault marks the apparent 1100m stratigraphic offset of a sill to the east of the Iron Range fault in the northern half of the map area, and is here named the Alder fault. The Alder fault is not exposed, and it remains uncertain as to whether the apparent offset is a result of the intrusion cutting upsection during emplacement along a growth fault, tectonic displacement, or a combination of the two. The projected intersection of the Alder fault and the IRF was the target for DDH IR04-001 and 002. The Crackerjack fault is described by Stinson and Brown (1995) as a narrow fault zone trending approximately parallel to and east of the IRF. The Crackerjack fault is marked by a zone approximately 10m wide of crackle to mosaic brecciation within Middle Aldridge quartzite. It remains uncertain if and where the Crackerjack and IRF intersect. The Talon zone fault is a N-NE trending zone approximately 30m wide. It occurs 450m west of the Iron Range fault and courses the Lower-Middle Aldridge contact. The Talon fault is a silica-sericiteminor albite alteration zone which hosts precious and base metal mineralization, as discovered in the 2010 drill campaign. The fault is discussed in detail within the 2010-2011 Exploration Program section. Moyie Sills The nature of the gabbroic Moyie sills within and adjacent to the IRF remains enigmatic. Pods of gabbro occur along the IFR zone at stratigraphic positions where sills are absent in regions of the BeltPurcell Supergroup of similar age. In addition, sills placed in structural juxtaposition across the fault zone are not stratigraphically coincident. Furthermore, gabbros are anomalously thick and abundant in the vicinity of the Iron Range fault. The Moyie intrusives are widely accepted as having been emplaced into unconsolidated sediments deposited during syn-rifting tectonism. Alteration The following descriptions serve to place order to the complex mosaic of hydrothermal and regional metamorphic alteration within and adjacent to the IFRZ. Alteration terms adopted from L. Corriveau, P. Williams, H. Mumin, 2008. Chlorite1 Occurs as regional metamorphic alteration within the Middle Aldridge, observed distal to the IRF. Chlorite2 Occurs with albite and magnetite as psuedo-igneous intrusions enveloping the IRF ((Ca(Na)Fe) or Chlorite + Albite Zone). The Chlorite + Albite zone is found at the margins of the IRF in the “Crackle Breccia Zone” Chlorite3 Occurs as clots and wisps with in IRF breccias. 4 Chlorite 1 Pervasive chloritization of carbonatite matrix. Silica Silicification of quartz rich sediments and the chlorite+albite zone in proximity to the IRF. Silica2 Hydrothermal silica flooding of the IRF as primary cement within IRF breccias, and as crackle veins flanking the IRF proper. Albite1 Pervasive albitization of metasediments flanking the IRF, original rock type and textures obliterated ((Na(Ca)) or albite zone). Sugary white to brown in color. Albite2 Framework clasts within tectonic breccia. Clasts are often nucleation sites for pyrite mineralization. White to rose in color. Albite3 Occurs with chlorite and magnetite as psuedo-igneous intrusions enveloping the IRF ((Ca(Na)Fe) or Chlorite + Albite Zone). The Chlorite + Albite zone is found at the margins of the IRF in the “Crackle Breccia Zone”. Hematite1 Specular hematite as fine grained disseminations and fracture fill crackle veins within the Na(Ca) and Ca(Na)Fe zones. Dusty gray to black in color. Hematite2 Semi-massive growth of hematite within the IRF breccias. Occurs as breccia matrix. Often inter grown with pyrite. Blood red to black in color. Hematite3 Fracture fill veinlets associated with sericite alteration. Red to purple in color. Magnetite1 Semi-massive to massive growth as primary cement within IRF breccias. Often overprinted by pyrite mineralization. Near surface mineralization is vuggy, primarily black in color. Magnetite2 Euhedral crystals ranging in size from 2 – 10mm, within carbonatite intrusions. Sericite 1 Occurs as regional metamorphic alteration within the Middle Aldridge, observed distal to the IRF. Sericite2 Overprinting of chlorite within the Ca(Na)Fe zone. Sericite mottles psuedo-igneous envelope. Coupled with red hematite veinlets, quartz veinlets and pyrite mineralization. Milky white to yellow in color. Carbonate1 Ankerite occurs as fracture fill crackle veins which cross-cut the IRF breccias. Carbonate2 Carbonate matrix – carbonatite intrusions. Argillic-Clay Intense alteration of the Middle Aldridge within and flanking the IRF. Orange-yellow in color, hardness < 2. IFRZ Breccia Styles The IRF is characterized by a combination of brittle and ductile features, including a central mylonite zone with localized cataclastic breccias. This grades outwards in both the footwall and hangingwall into zones of crackle brecciation, veining and localized shearing. The following breccia descriptions highlight the textural variations. Crackle Breccia – Albite-chlorite-sericite-hematite mottled, sub-angular to angular framework clasts suspended in a matrix of quartz +/- hematite +/- magnetite +/- pyrite crackle veins. Crackle breccias are found peripheral to the IRF core complex. Framework clasts are strongly altered and may be whiteorange-greenish-yellow in color. Hematite is disseminated through the framework clasts. Jigsaw Breccia – Albite framework clasts containing disseminated pyrite within a matrix of Fe-Oxide (specular hematite > magnetite) and quartz. Classified as a tectonic crackle breccia, often displaying cataclastic fabrics. Located in the core of the IRF complex. The name “jigsaw breccia” is derived from the angular nature of the framework clasts. Framework clasts are white-pink in color. Tectonic Breccia – Hematite +/- Magnetite +/- Pyrite +/- Albite +/- Quartz +/- Chlorite +/- Carbonate breccia. Fe-Oxide and quartz are the primary cement, with chlorite and carbonate as secondary phases. Tectonic breccias were classified upon the presence of heterolithic framework clasts in conjunction with a pronounced cataclastic-mylonitic fabric. Late-stage Breccia – Cross-cutting tectonic features characterized by sub-angular to rounded Fe-oxidepyrite-chlorite-albite framework clasts in a silica matrix. These features are prominent at the Rhodesia Minfile occurrence. Mineralization Mineralization is represented in part by hematite-magnetite-pyrite-quartz-albite breccias within the core fault complex of the IRF. The following text will provide insight into the nature of the breccias observed during 2008 within the IRF, and 2010-2011 drill programs related to the Talon zone. IRF Oxide Zone Breccia – Generated from meteoric groundwater interaction or hydrothermal processes. Fe-oxides occur as jet black, semi-massive to massive, vuggy magnetite mottled with reddish-brown specular hematite. Pyrite mineralization is leached from the interval. The leaching process has produced sub-angular to sub-rounded vugs ranging in size from 2 – 30mm. In some instances the weathered vugs are enveloped by a chlorite-magnetite matrix. Wall rock in contact with the leached Fe-Oxides displays strong limonitic alteration, and is some instances is reduced to an argillic clay gouge. Talon Zone Oxide Breccia - Road exposure through logging development revealed a vuggy, limonitic oxide breccia zone in the south-centrally located Talon zone. This zone lacks the iron oxide form of magnetite and specular hematite of the IRF, showing remnant boxwork textures from pyrite and secondary iron oxide leaching. Pyrolusite and limonite characterizes the exposure with liesgangue textures displayed in the core to depths up to 100m. The zone displays an internal cataclastic fabric flanked by lesser spaced N-NE trending cleavage, with a steep westerly dip. The orientation and attitude controls the Au-Ag-Pb-Zn mineralization encountered in the 2010-2011 drill program. IRF Hematite +/- Magnetite +/- Pyrite +/- Quartz +/- Albite +/- Chlorite +/- Carbonate +/Chalcopyrite Breccia – Characterized by semi-massive to massive hematite (specularite to blood red amphorous variety) +/- pyrite replacing magnetite. Quartz occurs as the primary cement, with ankerite, sericite, chlorite, and muscovite as secondary accessory phases. Framework clasts consist of albitized meta-sediments, silica, chlorite, and ankerite nodules. Albite framework clasts are commonly found at the margins of the tectonic breccias and/or within siliceous bands of breccia matrix. Pyrite mineralization is common along the IRF, and occurs disseminated through albite framework clasts and Fe-oxide-silica matrix. Talon Zone Sericite +/- Silica +/- Carbonate +/- Pyrite +/- Chlorite +/- Albite Breccia – The Talon zone forms an elongate sericitic alteration halo approaching 50m in width along a NNE trend. Internally alteration is progressively intense with a silicic overprint which is texture destructive. Silicification is uppermost in cataclastite fabric and variably associated with hydrothermal carbonate (dolomitic) veinlets commonly in association with sulphide development, which is dominated by pyrite. Chlorite and sericite persist subordinately to the pervasive silicic phase, with albite less common. Brecciation is seen as localized zones or extensively over 10's of metres. Mineralization of Economic Importance: Copper and/or gold, and/or silver and/or lead and/or zinc mineralization have been discovered in at least eight locations adjacent to, and within the IFR over a distance of 11.6km. From south to north seven of these showings/zones are as follows: May-Bee (Au-Ag-Cu), Talon (Au-Ag-Pb-Zn), Rhodesia (Ag), Keepsake (Ag), O-Ray (Au-Ag), Union Jack (Cu) and M-Kennedy (Cu-Au-Ag) (Figure X). The principle copper mineral within the IRF probably associated with Moyie intrusions is chalcopyrite. Chalcopyrite occurs as macroscopic grains and nodules within quartz and ankerite veins. The relationship between the Cu +/- Au +/- Ag quartz veins and the Fe-oxide breccias of the IRF is still unclear. Of significance is the 2008 discovery of chalcopyrite as fine disseminations within Fe-oxide breccia style mineralization 200m below the Union Jack showing. Chalcopyrite mineralization in DDH IR08018 occurs within a hematite-magnetite-pyrite-quartz-albite-chlorite-carbonate breccia. Chalcopyrite mineralization is disseminated throughout the Fe-oxide mineralization at the foot wall contact and within ankerite crackle veins cross-cutting the interval. Copper mineralization within the Talon zone is realized within minor occurrences of the suphosalts bournonite and tetrahedrite and rare to minor occurrences of disseminated chalcopyrite. Native gold within DDH IR08-006 at the O-Ray showing occurs in quartz as coarse flakes > 140 microns, with a lesser fraction of fine gold < 140 microns. Gold particle size was determined by a 250g screen metallic assay method, performed by Eco Tech. The principle mineral containing silver mineralization is undetermined at the present time. The high grade Au-Ag intercept occurs in a strongly altered shear zone found adjacent to the IRF Fe-oxide breccias. The shear zone is sub-vertical and occurs as a series of quartz stockwork veins within friable albite, chlorite, and limonite altered meta-sediments. Fluorite, pyrite, hematite, magnetite, and chlorite were observed within quartz recovered from the high grade gold zone. The high grade Ag intercept found in the hanging wall of the Keepsake zone is of similar width, orientation, and displays alteration characteristic of the O-Ray AuAg zone. Although no Au results were obtained from the Keepsake zone, the anomalous Ag values indicate the presence of mineralized fluids within the system. The relationship between Au-Ag mineralization is still unclear, however it is apparent that both of the metals can occur together as observed at the May-Bee, O-Ray and M-Kennedy showings as well as in DDH IR05003. Anomalous Ag mineralization found at the Rhodesia zone occurs within quart-magnetite-hematite-pyrite crackle veins hosted by chlorite-albite-carbonate-hematite metasomatic alteration. Cu-Au-Ag-Pb-Zn mineralization observed in the M-Kennedy and May-Bee zones occurs as polymetallic quartz veins within diorite-gabbro sills or dykes. These veins range in size from 0.3-2.0m in width. Of interest is the reported observation of a lamprophyre dyke adjacent to the mineralized veins of the May-Bee zone. Field reconnaissance is necessary to confirm the observation. Significant gold values within drill core from the Talon zone is shown to be intimately associated with arsenopyrite as micron sized gold grains. The arsenopyrite typically occurs as very fine disseminations which render siliceous breccias and veinlets a drusy gray, or as very fine subhedral to euhedral crystals. Silver is related to sulphosalts which have been identified macroscopically as jamesonite, polybasite and minor pyrargyrite. Lead is developed within semi-massive to massive veins and veinlets of galena, and to a minor degree within the sulphosalts jamesonite and bournonite. Zinc is in association with sphalerite which is commonly manifested in veins and veinlets typically associated with galena as pale red to locally red-brown clots. It is variably noted as very fine to fine subhedraleuhedral disseminations in sections of pervasive silicic alteration and brecciation. 2011 PHASE III EXPLORATION PROGRAM This report deals with the soil sampling, geophysical surveys and mapping initiatives conducted on the Iron Range property during 2011. The program has been separated into four phases with Phase I and II specific to drilling and discussed in a separate report. Phase III consists of soil sampling, mapping, induced polarization ground and downhole geophysics, airborne geophysics and geological mapping. Phase IV is the next stage of drilling planned for the Iron Range property. Surface and Borehole IP (Volume II, Appendix I) Surface and borehole Induced polarization (IP) and surface total field magnetometer surveys were performed at the Iron Range Project, Creston area, B.C. within the period May14-25, 2011. In addition, non-differential GPS readings were taken at each surface current and potential electrode location, subject to satellite reception. The survey was performed by Scott Geophysics Ltd. on behalf of TerraLogic Exploration Services. Surface survey The pole-dipole array was used. Readings were taken with an “a” spacing of 50m and at “n” separations of 1 to 12. The on line current electrode was located to the east of the potential electrodes. Total field magnetometer readings were taken at 12.5m intervals and corrected for diurnal variation against a fixed base station cycling at 10 second intervals. GPS readings were taken at each station subject to satellite reception. Elevation measurements are barometric altimeter readings, calibrated to GPS altitude at the beginning of each line. A total of 3.8km of surface IP and magnetometer survey were performed. Borehole survey The survey was performed with directional and detail arrays. For the directional array, current electrodes were located near the collar, and 300m to the north, east, south, and west of the collar. Reading were taken between each set of electrodes and a common remote electrode. In addition, readings were taken between adjacent pairs of directional electrodes. For each electrode configuration, borehole axial gradient measurements were taken at 5m intervals with an “a” spacing of 10m. The detail array used the pole-pole array with “a” spacing's of 2.5m and 5.0m The surface chargeability and resistivity results are presented on the accompanying pseudosections and triangular-filtered plan maps. The borehole chargeability and resistivity results are presented on the accompanying profiles. The magnetometer survey results are presented on the accompanying profiles and plan maps. This data can be found in Volume II, Appendix I. Soil Sampling Program (Volume II, Appendices III-IV) 4245 soil samples were taken in 2011 over six areas: Arrow East (grid and contour), Row (grid), Canyon (grid), Canyon East (grid and contour), Gap (grid) and 6 Mile (grid). Details regarding sample collection, location, description and processing can be found in Volume II Appendix II. Approximately 35% of the soil samples were sent to Stewart Group in Kamloops, B.C. In the late summer of 2011 Stewart Group was acquired by ALS Group, and so the rest of the samples from the program were sent to ALS Chemex in Vancouver for processing. The sampling and processing methods for both labs are described in detail in Volume II Appendix II. What follows below is a brief description of the results from the 2011 soil sampling program separated by area (see Figures 5-10). Arrow East (Fig. 6a/b) The Arrow East area is located NE of the Row showing covering several showings located along the IFR. A number of linear N-S trending Pb-Zn anomalies occur in the area associated with the main IFR structure as well as parallel structures. Several spotty isolated Cu anomalies are also present and appear to correspond spatially with gabbro bodies. Canyon (Fig. 7a/b) The Canyon grid covers the area between the Talon and Niagara showings. A number of interesting anomalies occur on this grid including discrete linear Au anomalies that appear to trend NE-SW, E-W and NW, particularly observable approximately 750m north of the Talon showing. These Au trends correspond reasonably well with As anomalies, although strong As anomalies may not have a strong Au expression. Some of the Au values also correspond to elevated Zn +/- Pb +/- Cu values. The primary trend of the Talon showing (NE) is best observed by looking at the Zn values. 6 Mile (Fig. 8a/b) The 6 Mile area is located between the Niagara and Pacific showings. Anomalous Zn values occur in the northern part of the grid SE of the Pacific showing. Canyon East (Fig. 9a/b) The Canyon East grid is located between the Canyon and Gap grids. A few spotty Cu-Zn anomalies are present in the southern and central part of the grid. Two prominent Zn-Pb +/- As anomalies occur in the northern part of the grid area at the NE strike extension of the main Canyon anomaly; however; they both have a clear NW trend. Gap (Fig. 9a/b) The Gap grid is located east of the Canyon East grid. The area shows a weak Zn-As anomaly in the northern part of the grid. The trend is not clear, but may be oriented roughly NE. A small Cu anomaly is also present in the SE part of the grid. Row (Fig. 10a/b) A strong NNE trending Pb-Zu-Cu +/- As anomaly occurs in the eastern part of Row, originally discovered in 1986. The following discussion is based on the results from the 1986 survey as well as the 2011 soil sampling. The anomaly has been traced for approximately 3.5km and ranges from 300- 500m in width. It occurs approximately 500m west of where the Arrow Fault has been mapped, which trends in the same direction as the anomaly. Thus, there is a reasonable chance the two are related. A second smaller anomaly occurs to the west of the main one, also trending NNE and corresponding well with a mapped fault. In addition to the two main anomalies, there appears to be a couple of weakly defined Pb-Zn-Cu anomalies trending E-W to WNW-ESE. There is also a rather significant blob-shaped Cu anomaly in the extreme SW of the grid area. VTEM-ZTEM & AGG Airborne Surveys Reports detailing the results from these three airborne surveys can be found in Volume III Appendixes II-III. Below is a summary of each of the programs. VTEM Airborne Survey (Volume III, Appendix II) On October 16th – 17th, 2011 Geotech Ltd. carried out a helicopter-borne geophysical survey over the Row Block situated approximately 56km southeast of Crawford Bay, British Columbia and 4km east of Wynndel, British Columbia. Principal geophysical sensors included a versatile time domain electromagnetic (VTEM plus) system, and a caesium magnetometer. Ancillary equipment included a GPS navigation system and a radar altimeter. In-field data quality assurance and preliminary processing were carried out on a daily basis during the acquisition phase. Preliminary and final data processing, including generation of final digital data and map products were undertaken from the office of Geotech Ltd. in Aurora, Ontario. The total area coverage is 50 km2. Total survey line coverage is 287.5 line kilometres. The principal sensors included a Time Domain EM system and a magnetometer. Based on the geophysical results obtained, the area has 4 conductive zones (Figure 8; in report entitled 'Report on a helicopter-borne versatile time domain electromagnetic (VTEM plus) and aeromagnetic geophysical survey'; Volume III, Appendix II) of low to very low conductance. The zone marked as #1 in Figure 8 is powerlines. Conductive zone #2 in Figure 8 is low conductor and it is oriented SW-NE. The zone is associated with magnetic contact on the area. A small zone #3 is a very low conductor and it is associated with the magnetic contact of the area. Near surface zone #4 is a very low conductor that is associated with the magnetic contact of the area. This is possibly conductive overburden or a layer of conductive surface rock. ZTEM Airborne Survey (Volume III, Appendix II) During September 13th to 14th 2011 Geotech Ltd. carried out a helicopter-borne geophysical survey for TerraLogic Exploration Services over Talon Zone Orientation block situated 10km northeast of Creston, British Columbia. Principal geophysical sensors included a Z-Axis Tipper electromagnetic (ZTEM) system, and a caesium magnetometer. Ancillary equipment included a GPS navigation system and a radar altimeter. A total of 160 line kilometres of geophysical data were acquired during the survey. The survey operations were based out of Creston, British Columbia. In-field data quality assurance and preliminary processing were carried out on a daily basis during the acquisition phase. Preliminary and final data processing, including generation of final digital data and map products were undertaken from the office of Geotech Ltd. in Aurora, Ontario. Geotech Ltd. concluded the following: Based on the geophysical results obtained, a number of interesting conductive structures were identified across the property. The magnetic results also contain worthwhile information in support of exploration targets of interest. We therefore recommend a more detailed interpretation of the available geophysical data, including additional 2D or 3D inversion in conjunction with the geology, prior to ground follow up and drill testing. As a result, TerraLogic secured the services of Condor Consulting Inc. to conduct a more detailed interpretation of the data. The results of this interpretation were not available to the current author at the time this report was written. AGG Airborne Survey (Volume III, Appendix III) Details of the AGG survey are outlined in Appendix A. As with the VTEM and ZTEM data, additional data processing is required before any major conclusions can be drawn. Mapping Program Mapping during the 2011 program focussed on the area underlying and proximal to the Canyon grid (Figure 11). Among other things, the program accomplished the following: 1) Refined the location of the Lower-Middle Aldridge contact on the property. 2) Shifted the location and expanded the size of a large gabbro sill in the mapping area. 3) Located a stratigraphic marker horizon (the 'Kid') which was not known to exist on the property prior to the mapping program. Additional details regarding the mapping program can be found in Volume 2, Appendix 5. CONCLUSIONS Exploration on the Iron Range property to date has revealed a number of precious and base metal showings. Most of these showings are spatially related to the IRF or to nearby parallel and subsidiary splay structures. Two of the more prospective areas include: 1) the Canyon area which includes the Talon showing and Au-Pb-Zn-As anomalies to the north. A number of variably striking structures appear to be present which likely control the distribution of Au mineralization. 2010-2011 drilling has shown there are wide intervals of low-moderate grade gold mineralization punctuated by smaller zones of higher grade mineralization. While the linear nature of the soil anomalies suggests a primary structural control, vein angles to core axis in the drillcore seem to point toward either a breccia system flanking a structure with veins at random angles, or a vein array system; 2) the Row area, where a wide N-S striking base metal anomaly occurs over a km-scale strike length. Importantly, the area has not been drill tested to date. In the authors opinion, the various geochemical, drilling and geophysics programs on the property have helped to significantly advance the properties status by upgrading information from known showings and locating new prospective areas worthy of further exploration. While the current author has no serious concerns regarding exploration on the property, coarse gold at at least one location on the property (the O-Ray showing) will require special consideration should it be encountered elsewhere on the property. RECOMMENDATIONS The following program is recommended for the Iron Range property. The program should include 3000m of diamond drilling to test the Row anomaly in the western part of the Property. The estimated costs for this program are shown below in Table 2. REFERENCES Anderson, H.E. and Davis, D.W. (1995): U-Pb geochronology of the Moyie sills, Purcell Supergroup, southeastern British Columbia: implications for the Mesoproterozoic geological history of the Purcell (Belt) basin. Canadian Journal of Earth Sciences, v. 32, pp.1180-1193. Downie, C.C. and Marshall, L.J. (2002) Geological Report for the Iron Range Project; prepared for Eagle Plains Resources Ltd; BCEMPR Assessment Report Downie, C.C. And Anderson, D. (2005) Geological Report for the Iron Range Property; prepared for Eagle Plains Resources Ltd; BCEMPR Assessment Report. Haynes, D.W. (2000): Iron Oxide Copper (-Gold) Deposits: Their position in the Ore Deposit Spectrum and Modes of Origin; In Porter, T.M. (Ed.), Hydrothermal Iron Oxide Copper-Gold & Related Deposits: A Global Perspective, Volume 1; PGC Publishing, Adelaide, pp 71-90. Lowe, C., Brown, D.A., Best, M.E., and Shives, R.B.K.(2000): High Resolution Geophysical Survey of the Purcell Basin and Sullivan Deposit: Implications for Bedrock Geology and Mineral Exploration Marschik, R., Fontbote, L (2001): The Candelaria-Punta del Cobre Iron Oxide Cu-Au (-Zn-Ag) Deposits, Chile. Economic Geology, Vol. 96, pp. 1799-1826. Marshall, L.J. (2002): Soil geochemistry of the Iron Range property, a preliminary report prepared for Eagle Plains Resources Ltd. McCuaig, M.A. (2009): 2008 Diamond Drilling Report for the Iron Range Property; prepared for Eagle Plains Resources Ltd; BCEMPR Assessment Report. MacKenzie, D.J. and Draw, J. (2010): Structural Controls on Hydrothermal Gold Mineralization in the White River area, Yukon. In: Yukon Exploration and Geology 2009, K.E. Mcfarlane, L.H. Weston, and L.R. Blackburn (eds.), Yukon Geological Survey, p. 253-263. Ministry of Employment and Investment and Geological Survey of Canada, 1996: Aeromagnetic Anomaly Map (Colour with Contour Intervals) East Kootenay Geophysical Survey, Yahk Area, British Columbia; scale 1:50 000. Reesor, J.E. (1958): Dewar Creek map-area with special emphasis on the White Creek batholith, British Columbia. Geological Survey of Canada, Memoir 292, 78p. Reesor, J.E. (1981): Grassy Mountain, Kootenay Land District, British Columbia (82F/8). Geological Survey of Canada, Open File 820. Schandl and Davis, D.W., (2000): Geochronology of the Sullivan deposit: U-Pb and Pb-Pb ages of zircons and titanites. in Lydon et al. (eds.) The Geological environment of the Sullivan deposit, British Columbia. Geological Association of Canada, Mineral Deposits Division, Special Publication No. 1, pp.127-135. Sibson, R.H. (1977): Fault rocks and fault mechanisms. Journal of the Geological Society of London, v. 133, pp. 191-213. Slack, J.F. and Höy, T. (2000): Geochemistry and provenance of clastic metasedimentary rocks of the Aldridge and Fort Steele Formations, Purcell Supergroup, southeastern British Columbia. in Lydon et al. (eds.) The Geological environment of the Sullivan deposit, British Columbia. Geological Association of Canada, Mineral Deposits Division, Special Publication No. 1, pp.180-201. Stinson, P. and Brown, D.A. (1995): Iron Range deposits, southeastern British Columbia (82F/1). in Geological Fieldwork 1994, Paper 1995-1, pp.127-134. BCEMPR The MapPlace BCEMPR MINFILE 082FSE015, 082FSE016, 082FSE017, 082FSE018, 082FSE020, 082FSE021 082FSE023, 082FSE024, 082FSE025, 082FSE026, 082FSE043 Mineralization of the Phalaborwa complex and the Carbonatite connection in the Iron Oxide-Cu-Au-UREE Deposits. Hydrothermal Iron Oxide Copper-Gold & Related Deposits A Global Perspective, Vol.1 ; PGC Publishing, Linden Park, SA 5065 Australia, 2002, Pp. 336-Kruidfontein: Au, REE and Fluorite. Au – Cu – Bi Deposits of the Tennant Creek District, Australia: A reappraisal of diverse high grade systems; in Porter, TM. (Ed). Hydrothermal Iron Oxide Copper-Gold & Related Deposits A Global Perspective, Vol.1; PGC Publishing, Linden Park, SA 5065 Australia, 2002, Pp. 149-160. The Epigenetic sediment-hosted Serra Pelada Au-PGE Deposit and it’s potential genetic association within the Carajas mineral provience, Amazon Craton, Brazil. Grainger CJ, Grovesi DL & Costa.Hydrothermal Iron Oxide Copper-Gold & Related Deposits A Global Perspective, Vol.2; PGC Publishing, Linden Park, SA 5065 Australia, 2002. Pp. 227-24,. ‘Hematite Group’ IOCG +/- U Ore Systems: Tectonic settings, Hydrothermal Characteristics, and CuAu-U mineralizing processes. Roger Skirrow, Geoscience Australia, GPO Box 378, Canberra, A.C.T. Australia 2601. Exploring for IOCG deposits: Canada and Global Analogues, Short Course 2008, Pp. 37 – 56. Alteration Vectors to IOCG mineralization from uncharted Terranes to Deposits; L. Corriveau, P. Williams, H. Mumin. Exploring for IOCG deposits: Canada and Global Analogues, Short Course 2008, Pp. 87 – 106. Iron Oxide Cu-Au mineralization in the Greater Lufilian Arc, Africa. Alberto Lobo-Guerrero S. LOGEMIN S.A., Calle 127 A. No. 43A – 28 off. 309, Bogota, Columbia. Exploring for IOCG deposits: Canada and Global Analogues, Short Course 2008, Pp. 157 – 179.
