Post on 07-Mar-2018
MINE DEVELOPMENT ASSOCIATES
MINE ENGINEERING SERVICES
775-856-5700 210 South Rock Blvd.
Reno, Nevada 89502
FAX: 775-856-6053
Technical Report
Titan Project
Ontario, Canada
Prepared for
November 7, 2006
Revised February 12, 2007
Ownership Revised February 26, 2010
Neil Prenn, P. Eng.
MINE DEVELOPMENT ASSOCIATES
MINE ENGINEERING SERVICES
775-856-5700 210 South Rock Blvd.
Reno, Nevada 89502
FAX: 775-856-6053
C O N T E N T S
1.0 SUMMARY .................................................................................................................................... 1
1.1 Introduction .......................................................................................................................... 1
1.2 Geology and Mineralization ................................................................................................. 1
1.3 Mineral Processing and Metallurgical Testing .................................................................... 2
1.4 Mineral Resource Estimate .................................................................................................. 2
1.5 Conclusions and Recommendations .................................................................................... 5
2.0 INTRODUCTION AND TERMS OF REFERENCE ..................................................................... 6
2.1 Introduction .......................................................................................................................... 6
2.2 Terms of Reference .............................................................................................................. 6
2.3 Definitions ............................................................................................................................ 7
3.0 RELIANCE ON OTHER EXPERTS .............................................................................................. 8
4.0 PROPERTY DESCRIPTION AND LOCATION ........................................................................... 9
4.1 Location ................................................................................................................................ 9
4.2 Land Area and Mining Property Description ....................................................................... 9
4.3 Agreements and Encumbrances ......................................................................................... 10
4.4 Environmental Liability ..................................................................................................... 10
5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND
PHYSIOGRAPHY ........................................................................................................................ 13
5.1 Access ................................................................................................................................ 13
5.2 Climate ............................................................................................................................... 13
5.3 Local Resources and Infrastructure .................................................................................... 13
5.4 Physiography ...................................................................................................................... 13
6.0 HISTORY ...................................................................................................................................... 14
6.1 Historic Resource Estimates .............................................................................................. 14
7.0 GEOLOGIC SETTING ................................................................................................................. 16
7.1 Regional Geology ............................................................................................................... 16
7.2 Property Geology ............................................................................................................... 16
8.0 DEPOSIT TYPES ......................................................................................................................... 19
Technical Report, Titan Project Prophecy Resource Corp. and Randsburg International Gold Corp. Page 2
Mine Development Associates C:\Projects\Titan\43-101\43-101_2006_Titan_revised_03-04-10final.doc February 26, 2010 neil 3/4/10 5:42 PM
9.0 MINERALIZATION ..................................................................................................................... 20
10.0 EXPLORATION ........................................................................................................................... 21
10.1 Historic Exploration ........................................................................................................... 21
10.2 Randsburgs Exploration .................................................................................................... 22
11.0 DRILLING .................................................................................................................................... 23
12.0 SAMPLING METHOD AND APPROACH ................................................................................. 25
13.0 SAMPLE PREPARATION, ANALYSES AND SECURITY ...................................................... 27
13.1 Check Assays ..................................................................................................................... 27
13.2 Sample Statistics ................................................................................................................ 28
14.0 DATA VERIFICATION ............................................................................................................... 33
15.0 ADJACENT PROPERTIES .......................................................................................................... 34
16.0 MINERAL PROCESSING AND METALLURGICAL TESTING ............................................. 35
17.0 MINERAL RESOURCE ESTIMATE .......................................................................................... 37
17.1 Specific Gravity ................................................................................................................. 37
17.2 Resource Estimate .............................................................................................................. 37
18.0 OTHER RELEVANT DATA AND INFORMATION ................................................................. 43
19.0 INTERPRETATION AND CONCLUSIONS .............................................................................. 44
20.0 RECOMMENDATIONS .............................................................................................................. 45
21.0 REFERENCES .............................................................................................................................. 46
22.0 CERTIFICATE OF AUTHOR ...................................................................................................... 48
Technical Report, Titan Project Prophecy Resource Corp. and Randsburg International Gold Corp. Page 3
Mine Development Associates C:\Projects\Titan\43-101\43-101_2006_Titan_revised_03-04-10final.doc February 26, 2010 neil 3/4/10 5:42 PM
T A B L E S
Table 1.1 Randsburg Drilling Summary .................................................................................................... 2
Table 1.2 Titan Inferred Resource ............................................................................................................. 4
Table 6.1 Historic Indicated and Inferred Resource Estimate ............................................................. 15
Table 11.1 Randsburg Drilling Summary ................................................................................................. 23
Table 11.2 Extent of Drilling ..................................................................................................................... 23
Table 12.1 Mineralized Intervals ............................................................................................................... 25
Table 13.1 Metallurgical Test Composite vs Drill Hole Analysis ............................................................ 27
Table 13.2 Drill Hole Statistics ................................................................................................................. 28
Table 16.1 Altairnano Metallurgical Test Composites .............................................................................. 35
Table 17.1 Density Testing of Mineralized Materials ............................................................................... 37
Table 17.2 Statistics of Materials Inside and Outside the Mineralized Zones .......................................... 39
Table 17.3 Titan Inferred Resource ........................................................................................................... 42
F I G U R E S
Figure 4.1 Location of the Titan Project .................................................................................................. 11
Figure 4.2 Claims of the Titan Property with Location of Inferred Resource ......................................... 12
Figure 7.1 Regional Geology .............................