Matrix GeoTechnologies Ltd. 231 Donald Avenue Toronto ON M6M1K7 MATRIX GEOTECHNOLOGIES LTD. merit Report A Regarding the GRAVITY SURVEY at the IRON MASK PROPERTY, Cartier, Ontario 6EOSCIENCEAS8ESSMENT on behalf of CHAMPION BEAR RESOURCES LTD Calgary Alberta 41I12NE2030 2.28205 HART 010 Matrix GeoTechnologies Ltd Gravity Survey Champion Bear Resources Ltd Iron Mask Property T/ttg OF CQNTiNTS 1. INTRODUCTION...............................................................................................................................................^ 2. GENERAL SURVEY DETAILS ........................................................................................................................4 LOCATION................................................................................................................................................^ ACCESS....................................................................................................................................................5 SURVEY GRID...........................................................................................................................................5 3. SURVEY WORK UNDERTAKEN ....................................................................................................................7 GENERALITIES........................................................................................................................................../ PERSONNEL............................................................................................................................................../ SURVEY EQUIPMENT................................................................................................................................. 7 SURVEY SPECIFICATIONS.......................................................................................................................... 7 MEASUREMENT ACCURACY AND REPEATABILITY......................................................................................... 9 GRAVITY DATA PROCESSING................................................................................................................... 10 DATA PRESENTATION..............................................................................................................................11 4. RESULTS AND SUMMARY INTERPRETATION .....................................................................,....,......,...13 PROPERTY GEOLOGY..............................................................................................................................13 GRAVITY DATA INTERPRETATION............................................................................................................. 13 FOLLOW-UP TARGETS ANALYSIS.............................................................................................................. 13 5. CONLUSIONANDRECOMMENDATIONS..................................................................................................14 ysf or APPENDICES APPENDIX A : STATEMENT OF QUALIFICATIONS: APPENDIX B : THEORETICAL BASIS AND SURVEY PROCEDURES APPENDIX C: MAPS AND SECTIONS AND FIGURES , ; "' - : -^ ,.,W ^'\* ?v ^"""'p^t •f:' 7'^'-. - Figure 1: General Property Location of the Iron Mask Property.............................................................4 Figure 2: Sketch of Gravity Base 9211-1976 Chelmsford, Ontario, Canada ......................................... 9 Figure 3: Photo of Gravity Base 9211-1976 Chelmsford, Ontario, Canada........................................... 9 Table Table Table Table l: GPS Control Stations ................................................................................................................6 II: Gravity Base Stations...............................................................................................................9 III: Gravity Ties ...........................................................................................................................10 IV: Gravity Repeat Stations........................................................................................................ 10 QS-183-May, 2004 Matrix GeoTechnologies Ltd Gravity Survey 1, Champion Bear Resources Ltd Iron Mask Property WREDUCTION . MGT Project*: QS-185 * Project Name: Iron Mask Property . Survey Period: June 22ND to July 20 , 2004 * Survey Type: Gravity * Client: Champion Bear Resources Ltd. * Representative: Watts, Griffis and McOuat * Client Address: Suite 400, 8 King Street East Toronto ON M5C 1B5 * Objectives: 1. The primary objective of gravity survey is to verify the possible presence of massive mineralization in the property, large high grade Olympic Dam type deposit and to assist in mapping of general geology, including lithology, locating structural and alteration features that may favor the presence of ore deposit. 2. Increase the exploration- program efficiency by detecting features on potentially anomalous structures and document the physical properties of the major lithologic units, alteration patterns for compilation with the exploration database. The Gravity survey was designed to respond to the exploration objectives and to detect the possible presence of a large massive mineralization deposit. * Report Type: QS-183-May, 2004 Assessment Report Champion Bear Resources Ltd Iron Mask Property Matrix GeoTechnologies Ltd Gravity Survey 2. iiNERAL SURVEY DETAILS LOCATION * Province: Ontario * Country: Canada * Nearest Settlement: Cartier Twp. * UTM Coordinates: UTM Coordinates (83, Zone 17N): 452.000E-5,171,DOON Latitude /Longitude: 46 042'N l 81 0 38'W SUDBURY Figure 1: General Property Location of the Iron Mask Property QS-183-May, 2004 DISTRICT Champion Bear Resources Ltd Iron Mask Property Matrix GeoTechnologies Ltd Gravity Survey ACCESS * Base of Operations: Cartier Township, Ontario * Grid Location: The Iron Mask Grid is located 75 km NW of the Sudbury town * Mode of Access: The surveyed grid area is accessible by truck SURVEY GRID * Coordinate Reference System: UTM (Map Datum NAD83) * Established: Prior the survey execution * Line Separation: 200 metres * Station Interval: 50 metres * Method of Chaining: Metric-chained * Datum: NAD 1983 1 * Datum Transformation: 3 Parameter: * Spheroid: GRS 1980 * Geoid: EGM 96 (Global) * Projection: UTM Zone 17N Origin Latitude: 00 N Origin Longitude: 81 0 W False Easting: 500,000 m False Northing: Om Scale: 0.999 Flattening: 298.2572215381 Semi-Major Axis: 6,378,137 X: O, Y: O, Z: O Survey control points established for the grid were based on a proximal first order control point named CBN963014. The following is a list of survey control points used during the course of the project: 1 GPS measured coordinates are based on the WGS84 Ellipsoid. Coordinates have been converted to the NAD 1983 datum. QS-183-May, 2004 Matrix GeoTechnologies Ltd Gravity Survey Champion Bear Resources Ltd Iron Mask Property NAME NAD83 NORTHING NAD83 EASTING ELEVATION WGSL.ATITUDE CBN963014 5144010.80 485045.22 315.06 46.4495034720 N l 81.1947163610W IMB5 5172289.68 451092.64 434.70 46.7023747160N ; 81.6397582560W 1MB 4 5171994.30 452159.17 426.02 46.6997938100N l 81.6257771370W IMB9 5170703.15 451082.48 420.91 46.6880972980N j 81.6397225610W Table l: GPS Control Stations QS-183-May, 2004 WGSL.ONGITUDE Champion Bear Resources Ltd Iron Mask Property Matrix GeoTechnologies Ltd Gravity Survey 3. liRVEY WOftK liNDERTAkEN GENERALITIES * Surveyed By: Quadra Surveys * Survey Dates: June 22 to July 20 , 2004 * Mob/Demob Days: 2 days * Survey Coverage: approx. 20.0 km PERSONNEL FIELD CREW * Project Manager: Thomas Mitchell, (Vancouver, BC) * Field Assistants: Mark Schemdhurst, (Markham, ON) Scott Dan, (Vancouver, BC) DATA INTERPRETATION Ludvig Kapllani, M.Se., Ph.D, (Toronto, ON) Gene Kallfa, B.Se., P.Geo. (Toronto, ON) SURVEY EQUIPMENT LaCoste-Romberg G-239 gravity meter was utilized for the survey. This instrument is equipped with a galvanometer read-out as well as standard optics for nulling to the reading line. The gravity meters have a reading accuracy of approximately 0.01 mGal. Additionally G-239 has the variable dampening option for ice readings. SURVEY SPECIFICATIONS * G Meter Scale Factor: see calibration tables (Appendix D) * Gravity Formula: 1967 * Greenwich Mean Time D iff.: (DST) = 4.00 hours * Earth Density: 2.67 gm/cm3 * Terrain Correction: Modified Hammer Graticule 2 . 2 Terrain corrections calculated using modified Hammer (B-4 sectors, C-4 sectors) using operator notes, according to Telford, et al., (2nd edition), pp. 12-14. QS-183-May, 2004 Champion Bear Resources Ltd Iron Mask Property Matrix GeoTechnologies Ltd Gravity Survey Referencing to National Gravity Net: The gravity base station established on the Iron Mask Grid was rigorously tied to the following National Gravity Net Station: STATION IDENTIFICATION Unique Number : Name : Last inspection : 9211-1976 Chelmsford, Ontario 09/1976 GRAVITY DATA (IGSN71) Gravity Value : 980676.130 mgal STATION COORDINATES (SCALED) Latitude : Longitude : Elevation : N460 34' 22" W81 0 12'O" 282m STATION INFORMATION AND LOCATION Station is located on concrete entrance platform of school, on N side of building and 16.15m from NW corner. Station is monumented with aluminum disc. Rue Errington St. Rue Brookside St. Pelousa S Lawn * !6.I5 M a is o t tt JE * Eeoi* QS-183-May, 2004 Champlain School Champion Bear Resources Ltd Iron Mask Property Matrix GeoTechnologies Ltd Gravity Survey Figure 2: Sketch of Gravity Base 9211-1976 Chelmsford. Ontario. Canada Figure 3: Photo of Gravity Base 9211-1976 Chelmsford. Ontario, Canada Final Data Reduction: In milligals - Complete Bouguer Anomaly Gravity stations used during the course of the survey are listed as follows: NAME 9211 -1 ; AssG NORTHING EASTING REPETITIONS 980676.13 5157709 484674 980631.16 5171994 452159 . STDDEV SOURCE i Published 0.016 l Calculated 6 Table II: Gravity Base Stations MEASUREMENT ACCURACY AND REPEATABILITY Gravity meter Loop Ties: GRID Iron Mask Iron Mask Iron Mask Iron Mask Iron Mask Iron Mask Iron Mask Iron Mask Iron Mask Iron Mask LOOP DURATION LOOP TIE METER DATE 8:39 9:16 7:43 7:18 7:55 0.01 239 22/06/2004 -0.03 -0.02 -0.02 239 239 239 0 -0.03 -0.03 -0.03 -0.02 239 239 239 239 239 239 23/06/2004 25/06/2004 26/06/2004 27/06/2004 29/06/2004 01/07/2004 02/07/2004 03/07/2004 04/07/2004 Iron Mask 10:03 239 06/07/2004 QS-183-May, 2004 7:55 8:46 5:49 6:23 6:14 0 -0.08 Champion Bear Resources Ltd Iron Mask Property Matrix GeoTechnologies Ltd Gravity Survey Iron Iron Iron Iron Iron Mask Mask Mask Mask Mask 9:13 -0.01 239 11:24 -0.05 239 08/07/2004 10/07/2004 8:37 8:39 9:33 -0.07 -0.04 -0.04 239 239 239 12/07/2004 13/07/2004 18/07/2004 Table III: Gravity Ties Gravity Station Repeatability Checks: GRID Iron Iron Iron Iron Iron Iron Iron Iron Iron Iron Iron Iron Iron Iron Iron Iron Iron Iron Iron Iron Iron Iron Iron Mask Mask Mask Mask Mask Mask Mask Mask Mask Mask Mask Mask Mask Mask Mask Mask Mask Mask Mask Mask Mask Mask Mask STN-GRIDN GRIDE REPABSG -1800 -1600 O O O 300 O -300 -50 -0.01 -1400 -800 -600 -200 -200 O 200 400 O 50 O 600 700 100 O 50 -800 800 1200 1200 1400 1400 1400 1600 1800 1800 1800 -250 100 50 -50 O 150 -200 -50 2000 2000 -0.05 0.05 0.03 -0.05 0.04 0.04 -0.01 -0.01 -0.06 -0.01 -0.05 -0.03 -0.01 0.02 O 0.03 -0.01 -0.02 -0.01 0.03 0.02 -0.05 Table IV: Gravity Repeat Stations GRAVITY DATA PROCESSING The data was reduced to partial Bouguer gravity anomaly values. Terrain corrections have been applied to 53.3 meters. A density of 2.67 gm/cc is used in the data listing. This value was assumed to be the appropriate density in calculations for the partial Bouguer value. The gravity data was processed by computer in the following manner: g0 Observed Gravity- field observations corrected for earth tides and long term instrument drift were transcribed from field notebooks and corrections made for instrument height and residual instrument drift. These values were not tied to the National Gravity Net. gfa Free Air Effect- Correction for relative distances of observation points from the centre of mass (earth). This calculation moves all stations to a common elevation datum and corrects for relative QS-183-May, 2004 10 Matrix GeoTechnologies Ltd Gravity Survey Champion Bear Resources Ltd Iron Mask Property distances from the source mass. The elevation datum used was mean sea level. The formula used was: gta^ -0.3086 mgal/m g bs Bouguer Slab Effect - Correction for the relative differences in amounts of surface rock below gravity stations. This calculation requires that a mean density or rock type between the lowest and highest grid elevations be established. All stations are shifted to a common datum as in the free air effect except that the vertical change is through an assumed slab of the derived density. The elevation datum used was mean sea level. gbs^ 2*PI*. 00667*a mgal/m Where a = slab density (gm/cc) g. Theoretical Gravity - Yields correction for change of observed gravity with change in (WGS84) latitude which is due primarily to the rotation of the earth and the difference in earth's radius between the poles and the equator. g, = ge(1 * asin2 Q+ (3sin229) Where ge = equatorial gravity = 978,031.85 mgal. a = 0.005278895 P = -0.000023462 6 = Latitude gt Terrain Correction- corrections for variations caused by local terrain. The vertical component of the gravitational effect exerted by nearby hills, or not exerted by nearby valleys or gullies, will affect the net reading obtained on any one station. Areas were segmented using circular sectors in zones developed by Hammer (1939). Corrections were made for zones B and C (covering an area from 2 to 53.3 meters from the station), g, was calculated from the following expression: g, = *PTa[r0 - r, * (n2 * z2)'7' - (r02 * z2)*] Where O = Sector angle (B = 90", C = 90 0) T = gravitational constant = 0.00667 o = average density (gm/cc) r0 = outer sector radius (6=16.6, C=53.3) n = inner sector radius (6=2, 0=16.6) z = elevation difference between sector and station. gfaa Free Air Anomaly: is derived from the following formulae: 9faa = 9o - (gi -0.3086*E) = Free Air Anomaly Where g0 = observed gravity gi = theoretical gravity E = elevation gba Bouguer Anomaly: was derived from the following formulae: gba s gb -1- gfaa -i-gt* 6ouguer Gravity Where gb = Bouguer gravity graa = free air anomaly gt = terrain corrections DATA PRESENTATION * Maps: Plan Maps: QS-183-May,2004 Contoured Complete Bouguer Gravity and Complete Bouguer Residual Gravity Maps (density 2.45 g/cm ), at 11 Champion Bear Resources Ltd Iron Mask Property Matrix GeoTechnologies Ltd Gravity Survey 1:10,000 scale. Digital: *.GRD *.XYZ *.GDB QS-183-May, 2004 Geosoft files for colour grids GeosoftXYZ files Geosoft database files 12 Matrix GeoTechnologies Ltd Gravity Survey Champion Bear Resources Ltd Iron Mask Property 4. PROPERTY GEOLOGY The IRON MASK PROPERTY is underlain by rocks of the Superior Province, including Early Precambrian metavolcanics, metasediments, felsic plutonic migmatic and mafic intrusive rocks, as well as Middle Precambrian Huronian Supergroup metasedimets and mafic intrusions, the Nippising Diabase and late mafic dykes and intrusives related to the Sudbury Igneous Complex (SIC). The property lies in a zone of Sudbury Breccia, consisting of mineral and rock fragments derived predominantly from wallrocks supported by a fine-grained matrix, and the intrusion of "offset dykes". Two major varieties of these dykes have been recognized: radial and concentric. The IRON MASK PROPERTY show apparent similarity to the general geological environment of Olympic Dam Cu-U-Au-LREE deposit. There is also potential on the property for radial and concentric dyke hosted Ni-Cu-PGE related to the SIC. Offset dyke deposit in the Sudbury area consists of disseminated to massive sulphides, predominantly pyrrhotite, chalcopyrite and pentlandite within the dykes. The massive sulphide bodies are often rimmed by a halo of disseminated material and are found along the contacts of the dyke. GRAVITY DATA INTERPRETATION The Bouguer Anomaly assumes the earth below the elevation of a gravity observation is flat. In areas of locally rough terrain the reduced Bouguer Anomaly can be significantly in error. To correct this error we model the effect of the terrain surrounding an observation location (using the Hammer graticules) and add a correction to the Bouguer Anomaly to yield the Complete Bouguer Anomaly. Overall, the gravity signature on the IRON MASK GRID indicates that the area is dominated by relatively large of higher density rocks, located in the central part of the survey area. The Complete Bouguer Gravity data span nearly 4 mgals in magnitude (-57.53 to -53.58 mgals). The gravity survey shows the presence of a high density causative body, centered at the BL O, and crosscutting almost the whole grid. The gravimetric anomaly broadens to the north-east and most likely continues further to the NE. The causative body most likely dips to North-West. In addition, it is quite possible that anomalous zone is composed by several smaller anomalies, with the weakest one composing the western shoulder of the anomalous zone. It is evident that the large anomaly in these lines is a reflection of wide structure, interpreted to be gabbros, and it is directly related to near surface \ depth extended density changes. The gravity survey undertaken over IRON MASK GRID does not corroborate the presence of any massive Olympic Dam type of mineralization. Additionally, the gravity survey defines some isolated, pipe type of anomalies that form some NE-SW trends and might represent some exploration potential. These anomalies are scattered all over the grid, sometimes correlated from line-to-line. Further to the south-southwest there is a distinct high densityMow density contact, most likely representing the geological contact between the gabbro\diabase and Gowganda formation. FOLLOW-UP TARGETS ANALYSIS The gravity survey clearly identifies the gabbro\diabase spatial location. Based on the fact that the known mineralization east and west flanks the gabbro\diabase intrusion, the authors believe that the future exploration works must be focused in this area. QS-185-July, 2004 Matrix GeoTechnologies Ltd Gravity Survey Champion Bear Resources Ltd lron Mask Property S. i0WkUS!6Ni AND RteOM^iNDAtlCpS The gravity work over the IRON MASK GRID has clearly identified the presence of the gabbro intrusion, potentially related to the mineralization and successfully assisted the mapping of general geology. However the gravity work did not explicitly find signatures associated to large high grade mineralization, Olympic Dam deposit, In response to the survey objectives, a high density zone has been identified in the surveyed grid, which is of significant importance to further exploration. The authors strongly recommend additional geophysical survey, more specifically IP\Resistivity methods, to be used in order to define the extension of known mineralization and explain the relation between the gabbro and known mineralization. The authors have the opinion that the combination of gradient array with pole-dipole array aggregate a very efficient exploration tool, emphasizing the merit of pole-dipole configuration on the determination of a conceptual geological model derived from QUANTITATIVE SECTION. In addition, the geological model derived from IP\Resistivity work might be used to model the gravity\magnetic data, with the purpose of refining the final structural model. Considering that the anomalous zone is still open to the north-northwest, additional reconnaissance IP/Resistivity lines are strongly recommended in this direction. We recommend that these results to be combined with the existing geoscientific database and the results carefully evaluated prior to DDH-testing. Close comparisons against geochemistry or other geological information can provide a better understanding of the geology and the potential targets. RESPECTFULLY SUBMITTED GENC KALLFA, B.Sc., P.GEO. Senior Geophysicist THOMAS MITCHELL, A.Sc.T. Senior Geophysicist Toronto, July 29, 2004 QS-185-July, 2004 LUDVIG KAPLLANI, M.Sc., PH.D. Senior Geophysicist Matrix GeoTechnologies Ltd Gravity Survey Champion Bear Resources Ltd Iron Mask Property STATEMENT OF QUALIFICATIONS: l, Ludvig Kapllani, declare that: 1. l am a consulting geophysicist with residence in Toronto, Ontario and am presently working in this capacity with Matrix GeoTechnologies Ltd. of Toronto, Ontario. 2. l obtained a Bachelor's of Science Degree, (B.Se.), Geophysics, in spring 1976, a Masters of Science Degree, (M.Se.), Geophysics, in June 1986, Ph.D in January 1995, Geophysics, from Polytechnic University of Tirana, Albania and Associate Professor, February 1995 (titles recognized by University of Toronto, August 1999). 3. l have practiced my profession continuously since May 1976, in North and South America, Africa and Europe. 4. l have no interest, nor do l expect to receive any interest in the properties or securities of Champion Bear Resources Ltd. 5. l am the author of this report and the statements contained represent my professional opinion based on my consideration of the information available to me at the time of writing this report. i L kL Jof Toronto, Ontario July, 2004 Ludvig Kapllani, M.Se., Ph.D. Senior Geophysicist Matrix GeoTechnologies Ltd. QS-185-July, 2004 Matrix GeoTechnologies Ltd Gravity Survey Champion Bear Resources Ltd Iron Mask Property APPE STATEMENT OF QUALIFICATIONS: l, Gene Kallfa, declare that: 1. l am a consulting geophysicist with residence in Toronto, Ontario and am presently working in this capacity with Matrix GeoTechnologies Ltd. of Toronto, Ontario. 2. l obtained a Bachelor's of Science Degree, (B.Se.), Geophysics, from the Polytechnic University, in Tirana, Albania, in spring 1987. 3. l have practiced my profession continuously since May 1987, in North and South America, Africa and Europe. 4. l am member of ASSOCIATION OF PROFESSIONAL GEOSCIENTISTS OF ONTARIO (APGO), membership number 0404. 5. l have no interest, nor do l expect to receive any interest in the properties or securities of Champion Bear Resources Ltd. 6. l am the author of this report and the statements contained represent my professional opinion based on my consideration of the information available to me at the time of writing this report. Toronto, Ontario July, 2004 Gene Kallfa, ff^, 3 .Geo. (ON) Senior (ieophysicist Matrix GeoTechnologies Ltd. QS-185-July, 2004 Matrix GeoTechnologies Ltd Gravity Survey Champion Bear Resources Ltd Iron Mask Property STATEMENT OF QUALIFICATIONS l, Thomas L. Mitchell, declare that: 1. l am the owner of Quadra Surveys with office at 2AA -8211 River Road, Richmond, BC, V8X 3X9. 2. l am a graduate of BCIP, with a diploma in Surveying Technology (1977). 3. l am a geophysical surveyor, registered with the Association of Applied Science Technologists and Technicians of British Columbia. 4. l have practiced my profession in Africa, Chile, Canada, Japan and USA for 26 years. 5. This report is based on a gravity survey which l conducted. 6. l have no interest, nor do l expect to receive any interest in the properties or securities of Champion Bear Resources Ltd. Yellowknife, British Columbia July, 2004 Tarn Mitchell, A.Sc.T. Senior Geophysicist Quadra Surveys * - """"** v' Vxpoloflr/s^s t *? C'"*** *4\ .^SfT*1*^ QS-185-July, 2004 Matrix GeoTechnologies Ltd Gravity Survey Champion Bear Resources Ltd Iron Mask Property THEORETICAL BASIS AND SURVEY PROCEDURES Gravity is the force of attraction between masses. In geophysical terms it is the force due to the integrated mass of the whole Earth, which acts on the mechanism of a measuring instrument. Measurements are usually made at the surface of the Earth, in aircraft or on ships. They may also be made in mines or on man-made structures. The gravity field in space may be inferred from the orbit of a satellite. The measuring instrument may be a very precise spring balance, a pendulum or a small body falling in a vacuum. If the Earth were a perfect homogeneous sphere the gravity field would only depend on the distance from the centre of the Earth. In fact the Earth is a slightly irregular oblate ellipsoid which means that the gravity field at its surface is stronger at the poles than at the equator. The mass (density) distribution is also uneven, particularly in the rigid crust, which causes gravity to vary from the expected value as the measurement position changes. These variations are expressed as gravity anomalies, the mapping of which gives us an insight into the structure of the Earth. Gravity varies as the inverse square of the distance of the observer from a mass so that nearby mass variations will have a more pronounced (higher frequency) effect than more distant masses whose effect will be integrated over a larger area (lower frequency). The force is proportional to the mass so that, per unit volume, higher density bodies will cause a more positive gravity anomaly than lower density bodies. QS-180-April 2004 Matrix GeoTechnologies Ltd Gravity Survey ~., - r. Champion Bear Resources Ltd Iran Mask Property MAPS AND SECTIONS * Contoured Plan Maps at scale of (1:10,000) QS-180 -April 2004 1. PLAN MAP: COMPLETE BOUGUER GRAVITY MAP 2. PLAN MAP: COMPLETE BOUGUER RESIDUAL GRAVITY MAP 3. PLAN MAP: CLAIM MAP CB*-EXP \ IronMw* \ MM.OB.CIoini^M^.C Lait rrmion dole TuBjOnc. J Ajguit. 300* Watts, Griffis and McOuat (Iron Molt ChJimi Uap *~*fj7 i j*. l-W^WV^ ^~*f~jf "^ t^i fS MUNSTER TWP s-—'-? -s^ W1 ^C y yr v jf S \ \ ^ j. \ -** -, ,~v~' v -' ^*\/ ** li v " LEINST iR T\W /' (. -'1N t ^ ^^^^ f r~~^~^ j ^3^ fL I . rf*"^^^-V i ' 'v —ffi 1215624 ^ '^ 1179649 1218244 h Vi————7 " -,. j 4 1 218245 1179647.' 121824^ i CARTIER TWP t-^ ^^c5 -^ ^2m55 ^ H HARTTWPl 1231034 j 3009786 : -j"^—^— f8 CASCADEN TWP ^'-^ l—————————— -I'n.UDilnt.l-:. 7,500 m. 0 l : 150,000 Map Datum: NAD83. UTM Zone 17 CHAMPION BEAR RESOURCES LTD. Iron Mask Property l m*^-v WB fufl *-* *il r D**^v *x ^Vm^4-* T Claim Map ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES Work Report Summary Transaction No: W0470.01217 Status: APPROVED Recording Date: 2004-AUG-03 Work Done from: 2004-JUL-04 Approval Date: 2004-AUG-20 to: 2004-JUL-28 Client(s): 1 16945 CHAMPION BEAR RESOURCES LTD. Survey Type(s): GRAV Work Report Details: Claim* Perform Perform Approve Applied Applied Approve Assign Assign Approve Reserve Reserve Approve Due Date so 2005-AUG-03 S 1043524 S5.053 S5.053 56,400 86,400 SO 0 80 S 1098665 51,895 51,895 SO SO 51,354 1,354 S541 S541 2005-APR-25 S 1174457 5884 5884 SO SO 5884 884 80 SO 2005-APR-19 S 1179646 SO so 52,400 S2.400 50 0 80 SO 2005-APR-02 S 1203893 SO 50 54,800 84,800 80 0 80 SO 2005-MAY-25 S 1203894 SO SO 8800 S800 80 0 80 SO 2005-MAY-25 S 1210840 53,790 S3.790 SO 50 53,790 3,790 80 S 1210841 55,053 55,053 SO SO 55,053 5,053 SO S 1210842 55,684 55,684 SO SO S5.684 5,684 SO S 1211181 52,526 52,526 8800 5800 81,726 1,726 SO 8800 S800 80 0 SO S 1211360 55,053 85,053 51,600 S 1211361 51,263 51,263 so SO 51,263 1,263 SO so so so so so so so so 1,895 SO 50 2004-DEC-27 E S 1211272 S632 S632 S 1211355 51,263 81,263 8400 5400 5863 863 SO 51,600 53,453 3,453 SO 2005-JAN-18 2005-JAN-18 2005-JAN-18 2005-AUG-24 2005-AUG-24 2005-AUG-24 2005-AUG-24 2005-AUG-24 S 1214820 51,895 81,895 SO SO 81,895 S 1214821 SO 50 8400 S400 80 0 80 S 1221541 SO 50 54,800 54,800 80 0 80 so so S 1221542 52,400 82,400 SO 0 80 SO 2005-SEP-06 1221543 so so SO S 50 5800 5800 SO 0 SO S 1221544 SO 50 5400 5400 SO 0 SO s s s s s s s s s s s s s s 1223181 80 SO 54,000 54,000 SO 0 50 1224157 80 SO 56,000 S6.000 SO 0 SO 1229424 SO 50 S2.000 52,000 SO 0 so so so so so so so so so so so so so so so so so 1229436 50 SO 5400 8400 SO 0 1229443 55,053 55,053 SO SO 85,053 5,053 1231174 SO SO 56,400 S6.400 SO 0 1235410 85,053 55,053 SO SO 55,053 5,053 1235411 52,526 52,526 SO SO 52,526 2,526 1241362 81,263 51,263 SO SO 51,263 1,263 1241363 81,263 51,263 SO 80 51,263 1,263 1241364 S632 5632 SO 80 8632 632 1249906 SO 50 S800 5800 SO 0 3002857 SO SO 51,200 81,200 SO 0 3002858 SO SO 52,400 52,400 SO 0 2005-JUN-25 2005-SEP-07 2005-SEP-06 2005-SEP-06 2005-APR-02 2005-APR-20 2005-OCT-16 SO 2005-SEP-06 H H to 55 M to o LJ O to to CO to o Ul SO 2005-MAR-02 80 2005-APR-02 80 2005-FEB-23 BH 80 2005-FEB-23 50 2005-JAN-15E so 2005-JAN-15E 50 2005-JAN-15E so so so 2005-JUN-22 2005-AUG-02 2005-AUG-02 y? o O 2004-Sep-08 09:29 armstrongjj Page 1 of 2 ONTMIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES Work Report Summary Transaction No: W0470.01217 Recording Date: 2004-AUG-03 Approval Date: 2004-AUG-20 Status: APPROVED Work Done from: 2004-JUL-04 to: 2004-JUL-28 Work Report Details: Claim* S Perform Perform Approve Applied Applied Approve Assign Assign Approve Reserve SO SO S240 5240 50 O SO 550,781 550,781 350,240 550,240 541,755 541,755 5541 3004319 External Credits: Reserve Approve Due Date 50 2005-SEP-11 5541 SO Reserve: 5541 Reserve of Work Report*: W0470.01217 5541 Total Remaining Status of claim is based on information currently on record. 2004-Sep-08 09:29 armstrongjj Page 2 of 2 Ministry of Northern Development and Mines Ontario Ministere du Developpement du Nord et des Mines GEOSCIENCE ASSESSMENT OFFICE 933 RAMSEY LAKE ROAD, 6th FLOOR SUDBURY, ONTARIO P3E 6B5 Date: 2004-AUG-26 Tel: (888)415-9845 Fax:(877)670-1555 CHAMPION BEAR RESOURCES LTD. 2005-9TH STREET, S.,W., CALGARY, ALBERTA T2T 3C4 CANADA Submission Number: 2.28205 Transaction Number(s): W0470.01217 Dear Sir or Madam 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 [email protected] or by phone at (705) 670-5855. Yours Sincerely, /f, Ron.C. Gashinski Senior Manager, Mining Lands Section Cc: Resident Geologist Champion Bear Resources Ltd. (Claim Holder) Assessment File Library Champion Bear Resources Ltd. (Assessment Office) Joe Hinzer (Agent) Visit our website at http://www.gov.on.ca/MNDM/LANDS/mlsmnpge.htm Page: 1 Correspondence 10:19763 ONTARIO :™: OF MORTHtRN AMD MIMES 41I12NE2030 2.28205 HART CANADA 200 RECONDCHI OFF1C* Mining Land Tenure Map Dale ; Timr of laaue Wed Od 06 12 03 30 EOT 200J TOWNSHIP ' AREA HART PLAN G-4058 ADMINISTRATIVE DISTRICTS t DIVISIONS Mining Division Sudbury Land Titles/Registry Division SUDBURY Ministry of Natural Resources District SUDBURY TOPOGRAPHIC Land Ttnura Surfac* And Mnna Wghto COnOMtwi lot ProvraWPM MMr Raiaiv* O*, F*.| t PA* rjl Surfac* And Mwvng RiaM* nn SortBC* R^IKB 0"*y rZl Mn T) Mghli ON? UatneaaTOacupiMn Burton And Mm? R*Mi W4.L-P192/9M PwPark W-LL-P1W01 Surtec* RlonM Only ....... P**n* Qaa Ppatti* B Oflat m Courd ft** open Kr wMigi UVH* Pom LCM* ^——n LAND TENURE WITHDRAWALS Awn tn Am W'v* W* Unng Act* tfrandroiMt TyoM Sui*t**rdl Hurln "*V-B Mni^fttBlMt Ontar In Covrcl WiMnori TypM IMPORTANT NOTICES •••t* rum S37B893 W-U-f 192/01 Cd. 11 C*t 11 S3M400 l S378212 W-U.-f206 W-U.-C20W9B ot* wMhmg lo *ak* muting dwms tfioufd conut with th* Pro* no W Mining R*eofdar*' Oftee or tn* MttiiMry of Northern Dwalopmant and Mine* tor nddinonai on in* riatut ofth* land* *rown h*r*on. TNi map li nol kUwxivd (w fnvtfladcnial Kinvy, J land Utl* dalwmlnalWn purpni** *ttli* mfomnUon ofltfiit m*p it nwnpiMtf from vnnouc loumi CompMtvr*** md •oouracy ira not guaranteed. Addtttonil mftxm*rion may *l*o b* OMWnvd tprmigh MM -.cal Land Till*s or RagiMry Offo*, W Vt* Mnlilry of N*jr*l RMMITOM. l ne i Kiown la itonvM Irtvn dlgtt*! d* t* *v**abla In OM Prcnlnd*! MtnJng R*oo*a*re' Oole* M ih* tlma of downkMdMg Iram Ilw MlniKry of NttVia General Information and Limliailons ConlM Inrormillon Provincial MmmgR.ooid.rs' Offic* To* Fra* Map Datum MAD A3 Tri. 1 (8*6j41S-WMS *U 57*t)|acllOO UTM (6 d*^(** WWMGrMnMHI*rCartir*933RamNyLaM Road Fix: 1 (877)670-1444 Sudbt^v ON P3E 685 Horn* Pag*: www.mndfli.oov.ofl ca*INDMJMINESilANDSrtni*mnpg*.rHm Topographic Data Soure* Land (ntonntilion Ontsno Mlnmi LitKl fanur* Souro Provina*! Mining R.cofdar. OHlo This map may net inow un r#gt d wad tend Mnum and i land including cwWn palant*, IMW*. MtMnant*. right of way* flooding ngM*. Uoane**, or othw toon t of dlapoaWon of nghta and •nMfMl tom the Crown Alto oanwn wid Unur* and land UIM "w* "**i or prcMbR *** •rfty lo aUh* mining drinw iwy not b* 490000 4*800 4*1800 483000 482800 -MMl -Mill -M4S. MM] -M 64 l •MN •Hail •5*4*1 ae t* l •Will Oravty Slnlion In t Bn al 50m Uo* Spacin DATA PRESENTATION ilcr firivTlV -^.! O05 mftol Champion Bear Resources •4 H O Complete Bouguer Residual Gravity Map Iron Mash Project CartMr. Ontario. Canada .•.j. ^'' -J SuljconUacux 'ji.if.ra 'ji.-.ovi Mifrte G*or*chrrotogies LW 10*1 owl onl owl r se l OJ'I owl O Al 01' 014 I 011! O Of l owl tun! OMl •owl •OH) 4 Of L •O (M l •awl Gravity S*/ Sl'Rvn SPBTIFICATIOTIS Ptnlion l ri t FIT a l Vim Une -'pat ing 2(Klm RAT* PRK8F.NTATKW C on* p 11-1 r Hoiiciif-r Rcsictii.il Crxvily Thirtl Orrfpr Trenri (rfijionnl) R*mnvcff Contour Interval 0.05 niGol 2. 45 (pn/cc 451900 M M O 4S2000 452300 Champion Bear Resources Complete Bouguei Kestdiial Gravity Map Iron Math Project 453000 Cartier. Onlano Canada July 2004 Mttrix G#oT*crtnotogyes Lfd
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