ASSESSMENT AND ACTIVITIES REPORT: PELE MOUNTAIN RESOURCES INC. DRILLING CAMPAIGN, ELLIOT LAKE,

JUNE 4, 2008 TO FEBRUARY 23, 2009

March 18, 2009 Mark T. Smethurst M.Sc., P.Geo

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Table of Contents Page

1.0 Introduction------------------------------------------------------------------------------------------------------------ 2 1.2 Summary---------------------------------------------------------------------------------------------------------- 2

2.0 Property Description------------------------------------------------------------------------------------------------- 3 2.1 Land Tenure------------------------------------------------------------------------------------------------------ 3 2.2 Location, Accessibility and Infrastructure----------------------------------------------------------------- 6 2.3 Climate------------------------------------------------------------------------------------------------------------- 7 2.4 Flora and Fauna------------------------------------------------------------------------------------------------- 8 2.5 Physiography----------------------------------------------------------------------------------------------------- 8

3.0 Regional Geology---------------------------------------------------------------------------------------------------- 8 4.0 Property Geology---------------------------------------------------------------------------------------------------- 12

4.1 Channels---------------------------------------------------------------------------------------------------------- 12 4.2 Post Huronian Intrusions-------------------------------------------------------------------------------------- 13 4.3 Structure----------------------------------------------------------------------------------------------------------- 14 4.4 Main Conglomerate Bed-------------------------------------------------------------------------------------- 14 4.5 Property Geology from Drill Results------------------------------------------------------------------------ 15

5.0 Deposit Type---------------------------------------------------------------------------------------------------------- 17 5.1 Channels---------------------------------------------------------------------------------------------------------- 17 5.2 Exploration Model----------------------------------------------------------------------------------------------- 18

6.0 Mineralization--------------------------------------------------------------------------------------------------------- 18 6.1 Historical Studies------------------------------------------------------------------------------------------------ 18 6.2 Uraninite----------------------------------------------------------------------------------------------------------- 19 6.3 Brannerite--------------------------------------------------------------------------------------------------------- 19 6.4 Pitchblende------------------------------------------------------------------------------------------------------- 19 6.5 Secondary Uranium Minerals-------------------------------------------------------------------------------- 19 6.6 Pyrite--------------------------------------------------------------------------------------------------------------- 19 6.7 Other Minerals--------------------------------------------------------------------------------------------------- 19

7.0 Exploration------------------------------------------------------------------------------------------------------------- 20 7.1 Interpretation----------------------------------------------------------------------------------------------------- 20

8.0 Drilling------------------------------------------------------------------------------------------------------------------- 20 8.1 Drilling Procedures--------------------------------------------------------------------------------------------- 22 8.2 Drill Results: The Main Conglomerate Bed (MCB)----------------------------------------------------- 22

9.0 Sampling Method, Approach and Chain of Custody-------------------------------------------------------- 25 9.1 Core Handling Procedures----------------------------------------------------------------------------------- 26 9.2 Core Logging Procedures------------------------------------------------------------------------------------- 26 9.3 Sampling Procedures------------------------------------------------------------------------------------------ 26 9.4 Sample Shipment and Security------------------------------------------------------------------------------ 27 9.5 Chain of Custody------------------------------------------------------------------------------------------------ 28

10.0 Sample Preperation and Analyses------------------------------------------------------------------------------ 30 10.1 Sample Preperation------------------------------------------------------------------------------------------- 30 10.2 Analytical Methods-------------------------------------------------------------------------------------------- 30 10.3 Laboratory QA/QC System--------------------------------------------------------------------------------- 31

11.0 Data Verification------------------------------------------------------------------------------------------------------ 32 11.1 Borehole Survey Locations--------------------------------------------------------------------------------- 32 11.2 Borehole Deviation-------------------------------------------------------------------------------------------- 32 11.3 Database-------------------------------------------------------------------------------------------------------- 32 11.4 Database Validation------------------------------------------------------------------------------------------ 33 11.5 Analytical and QA/QC Program---------------------------------------------------------------------------- 33 11.6 Duplicate Samples-------------------------------------------------------------------------------------------- 33 11.7 Controls: Sample Blanks------------------------------------------------------------------------------------ 35 11.8 Controls: Sample Standards-------------------------------------------------------------------------------- 36 11.9 Between Laboratory Check Analyses-------------------------------------------------------------------- 37 11.10 Specific Gravity Measurements-------------------------------------------------------------------------- 39 11.11 QA/QC Discussion------------------------------------------------------------------------------------------ 44 11.12 QA/QC Discussion: Independent Monitoring--------------------------------------------------------- 45

12.0 Discussion------------------------------------------------------------------------------------------------------------- 46 13.0 Recommendations--------------------------------------------------------------------------------------------------- 47 14.0 References------------------------------------------------------------------------------------------------------------ 49

Appendix A Drill Hole Trace Plots: Maps and Cross Sections Appendix B Drill Hole Logs Appendix C Assay Certificates

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1.0 INTRODUCTION

Pele Mountain Resources Inc. has advanced their Elliot Lake uranium project with continued drilling since the completion of the Preliminary Assessment (Cochrane, L.B. et al, 2007). Pele Mountain Resources has continued drill programs to date since the completion of the Preliminary Assessment of October, 2007. This latest phase of drilling was a continuation of a previous drill program with the first, PM108, of this set of diamond drill holes, PM108-PM170, having been initiated on June 4, 2008 and includes the successive drill holes up to and including PM08-170. The primary objective of the drill program is to further define the uranium deposit in the Main Conglomerate Bed (MCB) with infill drilling. The secondary objective is to make further mineralization discoveries with exploration drilling. The uranium mineralization extends across the property with a strike length of approximately 6,000m and remains open down dip beyond a length of 3,800m. Drilling was conducted to follow-up on the recommendations outlined in the preliminary assessment (Cochrane, L.B. et al, 2007). The focus of the infill drilling is to target the MCB in an area bounded by 5137000N to 5139000N and 380500E to 385000E. The drilling is for the purposes of outlining zones of higher uranium grades within the MCB for defining the extents of the deposit and upgrade the resources as well as better define further contiguous areas of mineralization. The higher grade sections appear to occur as zones or sub-channels around basement highs and were the focus of this past stage of drilling. This stage of drilling has continued to outline the location of the Nipissing diabase dyke and identify any areas where the MCB could be thinning due to the presence of ancient topographic highs. The maximum drill spacing recommended to advance the inferred resource to the indicated category, for this infill drilling program only, is 125-m spacing as recommended by SRK (Sebastien Berneir, SRK, pers comm). Drill hole traces are shown in plan view maps and cross sections in appendix A. Drill results of the initial holes were reported by Pele Mountain in May 2007. Drill results that were apart of the preliminary assessment conducted by Scott Wilson Roscoe Postle and Associates were reported by Pele Mountain in November 2007 (Cochrane, L.B. et al, 2007). Drill results beginning with hole PM058 were reported by Pele Mountain in November 2008 for assessment purposes (Smethurst, M.T. et al, 2008). 1.2 SUMMARY This latest phase of the drill program was completed on February 23, 2009 with hole PM170. The primary purpose of the drilling is to outline zones of higher uranium grades within the MCB and to upgrade and define the extent of the resource. Diamond bore hole drilling has resulted in greater mineralization definition in the adit area and surrounding parts. The drilling results have revealed a north-west trend of the uranium mineralization. The higher grade mineralization of the adit area extends north and towards the north-west of Pardee Lake. A second area of higher grade mineralization has been discovered to the east of the adit area and topographic high. The uranium mineralization follows a north-west trend consistent with paleocurrent directions noted in the Huronian sediments. The mineralization extends north-west from the area of the new discovery and passes through the area located at the east end of Pardee Lake. The uranium mineralization also extends further east away from Pardee Lake. It is important to note that the majority of the northern most PM drill holes of the infill drilling program yielded higher grade uranium values with grades consistent with those found in the adit area and over thicknesses of approximately 2.5m or greater. These drill holes

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span over 2km along an east-west direction west and east of Pardee Lake. These notable drill hole results are consistent with the north-west trend of uranium mineralization suggesting the potential for an open source of uranium mineralization down dip in a north west direction north of Pardee Lake. It is also open to the east and to the west of Pardee Lake. Results of drilling through the MCB consistently show the U3O8 content increases from the base to the top of the MCB, which is consistent with the pattern from all previous drilling and demonstrates the sedimentary control of the uranium deposition in the MCB. The highest grade areas within the MCB are located on the flanks of topographic highs in the basement rocks. A possibly third area of new uranium mineralization from this latest phase of drilling was revealed. A number of holes were drilled immediately north north-west of the Adit block and north-east of the Adit block in the vicinity of Pardee and Stinson Lakes. These holes intersected approximately 100 meters of the Stinson member of the Matinenda formation before entering the Ryan member. The Stinson consists of a very fine grain, grey quartzite. The upper 10 to 15 meters of this member contains detrital pyritic banding associated with low grade uranium values. Recommendations are to expand the uranium bearing MCB by exploiting the additional exploration potential down-dip towards the north-west north of Pardee Lake and extending on either side of Pardee Lake. Drilling in this area and direction can potentially lead to intercepts of higher uranium percent values in the MCB as well as intercept the uranium mineralization in the Stinson that is located above the MCB. In addition, by following the north-west mineralization trend in the MCB the drilling would lead into an area that contains the basal conglomerate bed (BCB). The BCB is an additional exploration target since previous intercepts have revealed uranium percent values similar to those found in the MCB of the Adit area, the drill hole results of the BCB have also shown notable gold values (Cochrane, L.B. et al, 2007). Therefore, drill holes located north-west of Pardee Lake may each have three targets per hole; the Stinson uranium mineralization, the MCB uranium mineralization, and the BCB mineralization.

2.0 PROPERTY DESCRIPTION

2.1 LAND TENURE

Pele Mountain staked two claim blocks in the Elliot Lake District in February 2005. The claim blocks are located in Joubin and Gunterman Townships. The eastern claim block became the first part of “Pele Mountain’s Elliot Lake Property”, which was subsequently expanded by the following claim acquisitions. In October 2006, Pele Mountain acquired five unpatented claim blocks (1192671, 3009465, 3009474, 3009475 and 3009485) from CanAlaska Uranium Ltd. (CanAlaska). Claim 3009475 was re-staked as claim 4218565. The claim blocks are located in Joubin Township and include the original Calder-Bousquet claim block and the major portion of the Pardee claim block. In December 2006, Pele Mountain acquired another eight claim blocks (1211241, 1249895, 1249896, 1249897, 1249898, 1249899, 3009471 and 3009472) including the eastern portion of the Pardee Channel covering the original Pecors Block. Claim 3009471 was re-staked as 4218566. In January and February 2007, Pele Mountain staked another six claim blocks (4214876, 4214877, 4214880, 4214882, 4214883 and 4214884) containing 48 claim units covering the potential down-dip extension of the favourable conglomerate bed to the north of the

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previously acquired claim blocks. Claims 4214876, 4214877, 4214880, 4214882, 4214883 and 4214884 were re-staked as 4220225, 4220224, 4220222, 4220226 and 4220221, respectively. On May 1, 2007, Pele Mountain acquired five additional mining claims (4215304, 4215305, 4215306, 4215307 and 4215007) covering the area to the south of the previous claim block Claim 4215007 was re-staked as claim 4205078. The claim blocks consist of 77 claim units located in Joubin and Proctor townships. Additional staking was carried out in May, 2007. The boundaries of the Elliot Lake Property are shown in Figure 2-1 and the claims, number of claim units and the work requirements are listed in Table 2-1. Figure 2-1 also shows the location of the access roads and trails relative to the property boundaries. The west boundary of the claim block has been surveyed and a claim inspection was conducted for Pele Mountain by an independent consultant.

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Table 2-1

Schedule of Claims Pele Mountain Resources Inc. – Elliot Lake Project

Township Claim Recording Date Due Date

Work Rqd Units Hectares

Deagle 4221196 5/8/2007 5/8/2009 $4,800 12 192 Gaiashk 4221195 5/8/2007 5/8/2009 $6,400 16 256 Gunterman 4201632 2/24/2005 2/24/2008 $800 2 32 Joubin 3009465 10/19/2004 10/19/2008 $6,000 15 240 Joubin 3009474 10/19/2004 10/19/2008 $5,200 13 208 Joubin 3009485 10/19/2004 10/19/2008 $4,000 10 160 Joubin 1192671 10/19/2004 10/19/2008 $3,600 9 144 Joubin 4201552 2/24/2005 2/24/2008 $4,800 12 192 Joubin 4201554 2/24/2005 2/24/2008 $3,600 9 144 Joubin 4201555 2/24/2005 2/24/2008 $3,200 8 128 Joubin 4201556 2/24/2005 2/24/2008 $3,600 9 144 Joubin 4201560 2/24/2005 2/24/2008 $3,600 9 144 Joubin 4201561 2/24/2005 2/24/2008 $2,000 5 80 Joubin 4201568 2/24/2005 2/24/2008 $4,800 12 192 Joubin 4201634 2/24/2005 2/24/2008 $3,200 8 128 Joubin 4201635 2/24/2005 2/24/2008 $6,400 16 256 Joubin 4201637 2/24/2005 2/24/2008 $2,400 6 96 Joubin 1211241 5/23/2000 5/23/2008 $3,600 9 144 Joubin 1249895 2/23/2001 2/23/2008 $6,400 16 256 Joubin 1249896 2/23/2001 2/23/2008 $5,600 14 224 Joubin 1249897 2/23/2001 2/23/2008 $5,600 14 224 Joubin 1249898 2/23/2001 2/23/2008 $3,200 8 128 Joubin 1249899 2/23/2001 2/23/2008 $6,000 15 240 Joubin 3009472 6/4/2004 6/4/2008 $4,800 12 192 Joubin 4220225 1/16/2007 1/16/2009 $4,800 12 192 Joubin 4220224 1/16/2007 1/16/2009 $4,800 12 192 Joubin 4214880 1/16/2007 1/16/2009 $1,600 4 64 Joubin 4220222 2/15/2007 2/15/2009 $2,000 5 80 Joubin 4220226 2/15/2007 2/15/2009 $1,200 3 48 Joubin 4220221 2/15/2007 2/15/2009 $4,800 12 192 Joubin 4215304 12/29/2006 12/29/2008 $6,400 16 256 Joubin 4215305 12/29/2006 12/29/2008 $6,400 16 256 Joubin 4205078 1/25/2007 1/25/2009 $5,200 13 208 Joubin 4214896 3/27/2007 3/27/2009 $1,200 3 48 Joubin 4218565 10/19/2004 10/19/2008 $5,200 13 208 Joubin 4218566 6/4/2004 6/4/2008 $5,200 13 208 Joubin 4220223 12/20/2006 12/20/2008 $4,800 12 192 Proctor 4215306 12/29/2006 12/29/2008 $6,400 16 256

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Proctor 4215307 12/29/2006 12/29/2008 $6,400 16 256 Proctor 4221192 5/8/2007 5/8/2009 $6,400 16 256

Proctor 4221193 5/8/2007 5/8/2009 $6,400 16 256

Proctor 4221194 5/8/2007 5/8/2009 $6,400 16 256 Total 42 473 7568

2.2 LOCATION, ACCESSIBILITY AND INFRASTRUCTURE

The Elliot Lake Property is located in UTM (Universal Transverse Mercator) Zone 17, approximate UTM coordinates 5138000N and 384000E in Joubin and Gunterman Townships in Northern Ontario. It is located 11 km east of the City of Elliot Lake, Ontario, which is in turn located between Sault Ste. Marie and Sudbury and is situated 26 km north of Highway 17 (Trans Canada Highway) on Highway 108 (Figure 2-2). The turn-off for the access road to the property from Highway 108 is located 3 km south of Elliot Lake. The road is a public road. The west boundary of the property is located 4 km from the turn-off. The road extends across the property and in this area it is suitable for access by all-wheel drive vehicles only, during some of the year (Figure 2-3). There is a 236 KV power line extending across the property, a railway line 26 km south of the property at the intersection of Highways 108 and 17 and there are two deep water ports near the same highway intersection on the North Channel of Lake Huron. Elliot Lake airport has a runway 30m wide and 1,372 m long. The airport is maintained year round and is certified by Transport Canada for airline service. Air Bravo Corporation operates an air ambulance service and provides charter service.

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2.3 CLIMATE

The average winter temperature (December to February) is -9º C and the average summer temperature (June to August) is +16ºC. The minimum and maximum temperatures for each month are shown in Table 2-1. The average annual winter snowfall is 23.6 cm and the average annual rainfall is 63.6 cm for a total annual precipitation of 87.2 cm. The wind direction is predominantly from the north from December through to April and from the southwest and south the remainder of the year.

TABLE 2-1 AVERAGE MINIMUM AND MAXIMUM TEMPERATURES IN OC IN THE ELLIOT LAKE DISTRICT

Pele Mountain Resources Inc. – Elliot Lake Project

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year

Min -17.7 -17.6 -11.1 -2.6 4.0 9.5 12.2 11.4 7.7 2.9 -3.9 -12.3 -0.8

Max -6.4 -5.2 0.8 8.2 15.9 21.5 23.6 22.3 17.7 11.9 3.0 -3.7 9.8

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2.4 FLORA AND FAUNA

The valleys are covered with hemlock and cedar trees and the ridges are wooded with maple, oak, birch and poplar trees. Various species of bird and mammal can be seen in the forests and surrounding areas of the Pele Mountain property. A 1993 survey found 22 different species of fish in the lakes of the Serpent River Watershed. Benthic invertebrates include snails, insect larvae, and clams. Pele Mountain has completed site characterisation and environmental baseline surveys on the property.

2.5 PHYSIOGRAPHY

The Elliot Lake Property is underlain by moderately rugged topography, with elevations ranging from 320 m to 430 m. Steep cliffs form the south slopes, while the north slopes are gentler and tend to follow the dip of the stratigraphy. The ridges trend east-northeast along the strike of the rocks. The contact between the Huronian sediments and the underlying Archean rocks forms a south-facing hill. The topography is relatively flat to the south of this hill. Lakes and streams tend to develop along the strike of the strata and along the north-northwest trending faults that crosscut the strata.

3.0 REGIONAL GEOLOGY

Regional Geology (Figure 3-1) The uranium mineralization within the Elliot Lake area of northern Ontario, Canada is contained in the Precambrian Canadian Shield at the boundary between the Southern and Superior Geological Provinces. Archean basement metavolcanic and metasedimentary rocks, granite and minor mafic intrusive rocks of the Superior province are among the dominant elements that have contributed to the uranium mineralization. The Proterozoic Huronian metasedimentary rocks with minor intercalated mafic volcanic rocks are the host rocks for the uranium. Post-Huronian intrusive Nipissing diabase dykes and sills, small felsic intrusive bodies and lamprophyre dykes are dominant elements that may have contributed to possible remobilizing of some of the uranium. Also, regional folding and thrust faulting during the Penokean Orogeny and faulting during the late Proterozoic are other dominant elements that have played a role in locating and displacing some of the uranium mineralization.

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The Huronian metasedimentary and basal volcanic rocks lie unconformably above the Archean basement. The Elliot Lake Group is the lowermost group in the Huronian Supergroup, portions of which extend across the region from Sault Ste. Marie in the west to the Cobalt Area near the Québec border in the east. The Livingston Creek Formation, of the Lower Elliot Lake Group, was deposited between 2.48 to 2.65 Ga within fault-bounded basins (Bennett, G. et al, 1991). The dominant rock types found in this formation are fine to medium grained arenites to wackes, grey arkose and clast supported-polymictic conglomerates. Clast supported, polymictic conglomerate is prominent in lower parts of the formation. Boulders and cobbles of grey granitic rocks, lesser amounts of mafic metavolcanics, plutonic, igneous and metamorphic rocks are set in a matrix of course arkose or arkosic grit. Units of trough cross bedded arkose are locally interbedded with the conglomerate. The clast-size distribution and local source rocks for the conglomerate set in a medium to course grained arkosic matrix combined with the finer grained trough cross-bedded units likely represent fluvial deposits (Frarey, M.J., 1977) (Bennett, G., 1981) (Bennett, G. et al, 1991). There is no evidence of Huronian volcanism either prior to, or during, the deposition of this sedimentary formation (Bennett, G. et al, 1991). The Livingston Creek Formation was deposited in the Huronian Basin which has been speculated to have formed along a pre-existing zone of weakness in the Archean crust leading to the formation of the Huronian Basin. The Huronian Basin has been interpreted to be the result of a passive rift (Condie, K.C., 1989) (Sims, P.K. et al, 1980). Passive rifting leads to rift valley formation and involves early graben formation. This stage of faulting may be associated with domal uplift resulting from diapirism. Drifting of

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the continent over this thermal dome allows for rifts to link together to cause rifting and create a zone of weakness in the continental plate. Three rifts would develop each with a different direction from the other and propagate outwards from a central location. The extent of rifting will depend on various factors such as intensity of thermal domal uplift and tensile strength of the rocks of the continental plate. Rifting may be complete, failed or some variant in between. A failed arm of the rifting would eventually subside as the thermal anomaly decayed and become the site of a major sedimentary depositional basin in the sunken graben areas or a major river channel and delta much the same as the Huronian sediments of the Elliot Lake area. The Thessalon Formation volcanics, of the Lower Elliot Lake Group, are found overlying the Livingston Creek Formation and is believed to have occurred during graben formation marking a transition from a passive rift stage to an active rift stage. The lower Thessalon Formation represents central vent eruptions while the upper tholeiitic basalt part of the Thessalon Formation suggests major eruptions of flood basalts during the main period of active rifting in the Archean continental crust (Jolly, W.T., 1987) (Bennett, G. et al, 1991). The Thessalon Formation locally underwent a period of erosion followed by Huronian sedimentary deposition. The majority of the Huronian Supergroup sediments were deposited during the transition between continental to oceanic crust development above the rift, known as the passive-margin stage (Bennett, G. et al, 1991). The newly formed continental margin became the locus of sedimentary deposition. The sands and conglomerates of the Matinenda Formation were transported by shallow braided streams over the partly eroded volcanic rocks of the Thessalon Formation. The streams flowed down the south-dipping Archean continental slope of the continental margin. This paleoslope underwent tilting to the southeast during deposition that allowed for a flow direction of the shallow braided streams from the northwest towards the southeast (McDowell, J.P., 1957) (Pienaar, P.J., 1963) (Fralick, P.W. et al, 1989) (Bennett, G. et al, 1991). A period of localized erosion is marked as an unconformity for the contact between the rocks of Matinenda Formation and those of the underlying rocks. The relationship between the Livingston Creek Formation and the overlying Matinenda Formation has been defined by field observations. The Livingston Creek Formation is overlain by arkose and quartz pebble conglomerate of the Matinenda Formation. Beneath the Matinenda is a yellowish sericitic paleosol that mantles the Livingston Creek sandstone. The Thessalon Formation basaltic flows are post Livingston and pre-Matinenda. Therefore, a period of erosion on the Livingston occurred followed by a period of volcanic activity, then followed by significant period of erosion. This unconformity separates the deposition of the Livingston Creek Formation from the Matinenda Formation (Bennett, G. et al, 1991). The Matinenda Formation, of the Upper Elliot Lake Group within the Huronian Supergroup, has been divided into a set of Members (Roscoe, S.M., 1969). The Ryan Member represents the lower Matinenda Formation and consists of coarse-grained arkose and an uraniferous, pyritic, quartz-pebble conglomerate. These rocks are overlain by a finer-grained subarkose and a polymictic conglomerate called the Stinson Member. The Manfred Member is composed of a coarse grained arkose and an uraniferous conglomerate and is found further north along the northern limb of the syncline (Roscoe, S.M., 1969). The Keelor Member was later recognized and added to the top of the Matinenda Formation. This rock unit consists of arkose, uraniferous and pyritic conglomerate and conglomeritic arkose found northwest of Elliot Lake. (Roscoe, S.M., 1981) (Bennett, G. et al, 1991). The uppermost formation of the Elliot Lake Group is comprised of the McKim Formation and conformably overlies the Matinenda Formation. It is absent on the north limb of the

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Quirke Syncline and is reported to reach thicknesses of up to 115m on the south limb of the syncline (Robertson, J.A., 1968) (Bennett, G. et al, 1991). The McKim Formation is composed of subarkosic, wacke, mudstone, subarkose, lithwacke and litharenite. The formation represents a marine transgression. The advancement of the ancient sea allowed for the deposition of the sedimentary rocks of the McKim Formation (Fralick, P.W. et al, 1989) (Card, K.D., 1978) (Bennett, G. et al, 1991). The Huronian sediments are interpreted to have been deposited during a period of marine transgression from south to north. Quartzite was deposited first during the transgression, then conglomerates, and argillite with local intercalated mafic volcanic followed by more mature clastic sediments and marine evaporates. The source of the sediments is the Archean rocks of the Superior province to the north. The unconformity with the basement rocks is sharp in some places and at others is represented by several metres of regolith. Table 3-1

Generalized Stratigraphic Section: Huronian Supergroup

Pele Mountain Resources Inc. Elliot Lake Project, Ontario

Supergroup Group Formation Bar River

Gordon Lake Lorrain

Cobalt

Gowganda Serpent

Espanola Quirk Lake Bruce

Mississagi Pecors

Hough Lake

Ramsey Lake McKim

Keelor Member Manfred Member Stinson Member

Matinenda

Ryan Member

Huronian

Elliot Lake

Livingstone Creek

The rocks of the Elliot Lake Group as well as the other groups that constitute the Huronian Supergroup have been subjected to a tectonic event and then intruded by Nipissing diabase (Zolnai, A.I., et al, 1984) at about 2.2GA (Corfu, F., et al, 1986). The Nipissing diabase sills vary in thickness from about 10 m up to 100 m and displace the conglomerate beds hosting the uranium mineralization. The dykes are generally 10 m to 20 m thick and strike predominantly east-west, parallel to the sills, and northwest. The Archean and Huronian rocks along with the Nipissing diabase sills and dykes were then affected by the Penokean Orogeny, 1.86 to 1.835Ga (Hoffman, P.F., 1989), and have been metamorphosed to greenschist facies. The deformation caused by the Penokean Orogeny resulted in folding and thrust faulting of the Huronian sediments. Deformational events of the Penokean Orogeny produced most of the major fold and fault structures of the Huronian Supergroup (Bennett, G. et al, 1991). This orogeny was created from the

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collision between a Proterozoic island arc that advanced from the south, collided with the Archean continent and Huronian rocks, overrode the early Huronian passive rift deposits of the Superior protocraton to the north and then depressed the southern portion of the Huronian passive margin and rift sequences south of the Murray Fault System. The rocks north of this fault system were never deeply buried (Zolnai, A.I., et al, 1984) (Cambray, F.W., 1978) (Larue, D.K., 1983) (Bennett, G. et al, 1991). The Murray fault system is composed predominantly of strike-slip faults that were formed some time after the Grenville orogeny (post 1000 Ma). These faults generally strike north-northeast and east. The rocks of the Huronian Groups have been dated between 2219Ma and slightly more than 2450Ma. The younger age is constrained by the Nipissing diabase that intruded the Huronian Supergroup (Corfu, F., et al, 1986). The older age was determined from the rhyolitic Copper Cliff Formation (Krogh, T.E., et al, 1984), a rock unit of the Elliot Lake Group occurring near the base of the Huronian Supergroup. The 2480 Ma East Bull Lake Gabbro-Anorthosite Intrusion (Krogh, T.E., et al, 1984) is generally believed to be related to volcanism in the Huronian Supergroup, and provides a limit for the age of the earliest rocks in the Huronian Supergroup (Bennett, G. et al, 1991).

4.0 PROPERTY GEOLOGY

Pele Mountain’s Elliot Lake Property consists primarily of Huronian sediments. These sediments are folded and form shallow westward plunging, gently folded syncline and anticline structures referred to as the Quirke syncline and the Chiblow anticline (Figure 3-1). The Elliot Lake uranium deposits are located within the sediments that form the Quirke syncline. This syncline is flanked on the north and east by Archean granites and on the south by Archean mafic metavolcanic and metasedimentary rocks. The limbs of the Quirke syncline to the north generally dip from 20o to 40o south and, on the south, the limbs dip from 15o to 30o north. The depth to the centre of the syncline from the present surface is estimated to be approximately 1,500 m. The axis of the syncline plunges gently west at approximately 15o. The southern portion of the Elliot Lake property consists of Archean basement rocks. These pre-Huronian basement rocks have been mapped as igneous gabbroic and diabasic rocks, as metamorphosed sediments consisting of quartzites, greywackes tuffs and agglomerates, and minor basic lavas. These sediments strike northwest and dip steeply to the northeast (Robertson, J.A., 1961). The Archean rocks are overlain by east-west trending, north dipping Elliot Lake Group sediments and volcanics with the Livingston Creek Formation forming the basal unit. The Livingston Creek Volcanics are intercalated with minor beds of conglomerate. The Huronian volcanics are directly overlain by a thin ‘green grit’ (possible regolith) from 10 cm to 20 cm thick, which has been logged as a fault zone or gouge in the drill core in some cases. 4.1 CHANNELS The uranium-bearing conglomerate beds are found within thicker sections of the Matinenda Formation of the Huronian sediments located over depressions in the underlying basement. These thicker sections are termed channels and the channels generally strike west-northwest (Robertson, J.A., 1986). The two major channels in the Elliot Lake District are the Nordic Channel and the Quirke Channel. Within each of these channels the conglomerate beds or reefs occur at

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different stratigraphic intervals. Three other channels have been identified in the syncline, the Pardee, Pecors and Whisky Lake Channels (Robertson, J.A., 1986). No mining has taken place within these last three channels to date (Cochrane, L.B. et al, 2007). The stratigraphy of the Lower Matinenda Formation varies between the channels. The stratigraphy of the mineralized reefs within the Pardee Channel on Pele Mounain’s Elliot Lake Property can be correlated with the stratigraphy of the reefs in the Nordic Channel (Cochrane, L.B. et al, 2007). The Nordic Channel is located on the south limb of the Quirke syncline. It has an average strike length of about 2,130 m (7,000 ft.) and extends approximately 6,100 m (20,000 ft.) down dip. The channel plunges northwest at an average angle of 17o. Pele Mountain’s Elliot Lake Property is situated to the east of the Nordic Channel on the south limb of the Quirke syncline (Cochrane, L.B. et al, 2007). The Nordic Channel hosts the former Nordic, Lacnor, Milliken, and Stanleigh mines. Three conglomerate beds have been described within the Nordic Channel that host the higher grade uranium mineralization: the lower, the middle, and the upper conglomerate reefs (Cochrane, L.B. et al, 2007). These reefs are located in the bottom 46 m (150 ft.) of the Ryan Member (Cochrane, L.B. et al, 2007). The lower reef or Lacnor Reef is located directly above the basement. The lower reef is generally thin and discontinuous, however, some mining was carried out on this reef in the Stanleigh Mine. At the Lacnor and Milliken mines, the lower conglomerate was mined at an average height of 2.44 m (8 ft.). The parting quartzite divides the lower reef from the middle reef. The parting quartzite contains intercalated quartzite with weak pebble conglomerate bands (Cochrane, L.B. et al, 2007). The Middle Conglomerate Bed, or Nordic Reef, was the primary unit mined at all the four of the mines located in the Nordic Channel. The cobble size was generally smaller than the cobbles in the lower reef. The average height was 3.0 m (10 ft.) (Cochrane, L.B. et al, 2007). A limited amount of mining took place in the Upper Conglomerate Bed, or the Pardee Reef, and the average mining height was 1.5 m (5 ft.) at the Nordic Mine, but it reached thicknesses of 3 m (10 feet) at the Stanleigh Mine (Cochrane, L.B. et al, 2007). The Floater Reef occurs above the Upper Reef. The Floater Reef is thin and very discontinuous. No mining was carried out on the Floater Reef. Golder Associates (Golder) indicated that the surface of the original basement is irregular and the presence of “basement highs” can result in the Lower or Main Reef being absent because they were not deposited (Cochrane, L.B. et al, 2007). The Upper Reef in the Nordic Channel is correlated with the Main Conglomerate Bed (MCB) in the Pardee Channel on Pele Mountain’s Elliot Lake Property. See Cochrane, L.B. et al, 2007 for more detailed information.

4.2 POST HURONIAN INTRUSIONS All the formations within the Quirke Lake Group, the Hough Lake Group, and the Elliot Lake Group of the Huronian sediments are present within the property boundaries, including the Livingston Creek Volcanic Formation. These sediments are intruded by Nipissing diabase dykes and sills, and by younger lamprophyre dykes. Nipissing diabase cross-cutting dykes and sill-like bodies have intruded the Huronian rocks on the property paralleling the strike of the sedimentary formations but with steeper dips. A prominent Nipissing Diabase dyke, averaging 24m-25m in thickness and striking east-west extends across the entire property cross-cutting the mineralization. This dyke is becoming known, locally and to Pele Mountain Resources, as “The Dyke”.

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The Huronian sediments and the uranium deposits are also intruded by narrow lamprophyre dykes. The lamprophyre dykes have chilled margin, but there is no evidence of contact metamorphism in the adjacent rocks. The dykes vary in thickness from a few centimetres up to three metres. Two major trends are exhibited in the strike of the lamprophyre dykes: just south of east-west and north-northwest. These dykes are the youngest geological units on the property. 4.3 STRUCTURE The major fault mapped within the immediate Elliot Lake area is the Flack Lake fault which is located immediately north of the Quirke syncline. A major structural feature on the Pele Mountain property is the Pecors Lake structure. This fault is shown on Ontario Geological Survey Map 2419 (Robertson, J.A., 1961). It is located along the west shore of Pecors Lake and strikes north 60 degrees west across the property. The direction of movement is observed by the offset on the diabase with a vertical displacement of about 150 m, north side up as indicated in deep boreholes (Cochrane, L.B. et al, 2007). Based on structural analyses carried out by Scott Wilson RPA and using information from boreholes located north of the Pecors Lake Structure, the conglomerate bed containing the uranium mineralization continues to the north of the fault and appears to have been uplifted relative to the location of the conglomerate bed on the south side of the structure. The Canyon Lake fault, which was mapped by (Robertson, J.A., 1961), crosses the Elliot Lake property. The Canyon Lake fault is shown displacing both the Huronian sediments and a diabase dyke to the north in Gunterman Township between McCabe Lake and Canyon Lake and recent drilling demonstrates that it extends across the Elliot Lake Property. The apparent extension of the Canyon Lake fault to the south is marked by a prominent depression that strikes S40 degrees E through the Elliot Lake Property to the west end of Stinson Lake. This topographic depression continues to the south across the Huronian-basement contact into the Archean basement rocks. Based on structural contours of the unconformity, Cochrane, L.B. (et al, 2007) interpreted the pre-Huronian topography as being relatively flat except for two local highs. He suggested that the first high, outlined by borehole S-10 immediately east of the adit, is probably the extension of a zone of basic rocks in the Archean footwall mapped by (Robertson, J.A., 1961) as gabbros, amphibolites and diabase. Sprague suggested that these massive intrusions would be more resistant to erosion than the enclosing softer rocks and thus would tend to form areas of positive relief (Sprague, D., 1965). The second area of positive relief was interpreted from holes PW-113, PW-112 and PW-106 on the east end of the property near Pecors Lake. Results from drilling to date indicate several structures in the area south of Pardee and Stinson Lakes and north of the Archean/Huronian contact. These structures consist of steeply dipping faults and mud seams and steeply dipping diabase, amphibolite, lamprophyre and mafic dykes. These faults and dykes appear to have an east-west trend similar to the large Nipissing Diabase Dyke (known as “The Dyke”) found on the property. Also noted in the drill core are thin sills that have intruded between bedding planes in the Huronian sediments.

4.4 MAIN CONGLOMERATE BED The conglomerate bed of interest that holds the uranium mineralization on the property has been designated the “Main Conglomerate Bed” (MCB) and occurs within the Ryan Member. The Ryan Member unit has been designated “Green Quartzite” in the descriptions in the historic borehole logs and the unit overlying the green quartzite has

15

been logged a “Grey and/or Pink Quartzite” which correlates with the Stinson Member. The Ryan Member is approximately 100 m thick, well sorted quartzite and quartzarenite with intercalated quartz-pebble conglomerates with a matrix of quartz grains. The quartzite has been altered to sericite which imparts the light green colour. Pyrite in the matrix occurs as small grains and can be 3% to 4% and up to 15% in the coarser quartz-pebble conglomerate units. 4.5 PROPERTY GEOLOGY FROM DRILL RESULTS The Pele Mountain drill programs along with data from historic drill holes included in the resource outline delineated in the preliminary assessment (Cochrane, L.B. et al, 2007) encompass an area between 5136700N to 5139400N and between 380000E to 385300E. Figure 4-1 is a plan view generalized schematic of the geology of the area that has received concentrated drilling. Drill results show that the Huronian sedimentary rocks unconformably overlie the Archean metavolcanics. The Archean and Huronian rocks outcrop at surface with a general east-west trend at approximately 265º, dipping north between 17º-20º. The Huronian rocks conformably overlie each other. The majority of the drill results show that the Ryan Member is the first of the Huronian rocks to appear and unconformably overlies the Archean metavolcanics. Figure 5-3 is a cross-section view generalized schematic of the geology and morphology of part of the area that has received concentrated drilling. The base of the Main Conglomerate Bed (MCB), found within the Ryan Member, is approximately 10m above the unconformity and is separated by quartzite (know as the “Divider Quartzite”). Localized areas, predominately to the west on the Pele Mountain property, contain a basal conglomerate bed (BCB) that sits directly on top of the Archean rocks. Other areas, predominately to the east, contain the Divider Quartzite that sits directly on top of the Archean. The Ryan Member is approximately 100m thick within the area of the Pele Mountain diamond drill holes. The Stinson Member conformably overlies the Ryan Member and is approximately 100m thick. This member primarily consists of quartzite with localized and sporadic areas of conglomerate or coarser quartzite known as “floater reefs”. The floater reefs and coarse grained quartzite often contain pyrite found as stringers along bedding planes and also as disseminated pyrite. Assay results of these pyrite mineralized rocks often show uranium mineralization, diamond drill hole PM084 contained 0.040% U3O8 over 3.94m. The Ramsey Lake Formation overlies and parallels the Stinson Member and is marked at its base with a thick and extensive Argillite rock unit. Drill results have not clearly defined the top of this argillite rock unit since the present day erosional surface cuts it and is primarily overlain by glacial overburden. The conformable Huronian members together lie on top of and consistently parallel to the ancient Archean metavolcanics surface. Drill results have shown a few ancient Archean highs with higher grades of uranium mineralization located on the west, north-west and north sides of these highs. Based on these observations from the results of drilling it is reasonable to interpret an ancient approximately flat lying Archean surface that was the location of a shallow sea during the initial deposition of the basal conglomerate bed from a source located north-west of this area (in reference to present day directions with respect to the present location). The Archean highs might have been islands during the deposition of the BCB, Divider Quartzite and MCB and as the sea transgressed these Archean highs (islands) would have disappeared under subsequent rock units and Huronian members. A Nipissing diabase dyke (“The Dyke”) is one of the main structures that cuts across the Pele Mountain property. The Dyke trends east-west at approximately 268º-270º and dips

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south at approximately 60º. The Dyke’s orientation to the Huronian sediments is approximately at a right angle and ranges 24-25m true thickness. The Dyke has been intercepted by several drill holes and is exposed on surface as an extended rock face on the eastern end of the property. The bedrock morphology on the Pele Mountain property does not reflect any distinguishing features that indicate the location or trend of The Dyke. However, bedrock and topographic morphology does reflect features to roughly estimate the base of the rock units of the various Huronian members and formations located on the property (Figure 4-2). Three dimensional mapping of the geology from drill hole data indicate that the base of the Huronian members are roughly outlined by shallow north dipping (15º-20º) morphological surfaces. The steeper south dipping morphological surfaces represent the upper portions of the Huronian members and formations as they overlie each other. In addition, south of the last steeper dipping morphological surface, which is at the same location of the Archean-Huronian unconformity contact, the morphology becomes much more flat lying. Since the contacts between the various Huronian members do not indicate evidence of faulting, therefore, the medium to strong relief of the morphology is interpreted to represent effects due to erosion of the Huronian members rather than consequences of faulting. Figure 4-1

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Figure 4-2

5.0 DEPOSIT TYPE

5.1 CHANNELS Uranium may occur in several different igneous, metamorphic and sedimentary environments. Sandstone-hosted, unconformity-related, and metamorphic vein deposits are the dominate types of deposits currently being exploited for uranium. A definition of the uranium-gold bearing quartz-pebble conglomerate class of mineral deposit has resulted from geological studies on the uranium-gold quartz-pebble deposits in the Witwatersrand Basin in South Africa and the uranium deposits in the Blind River-Elliot Lake region of Canada (Robertson, J.A., 1986). Uranium is produced from the Witwatersrand deposits as a by-product and the conglomerate bands are commonly referred to as “reefs”. This terminology was used at Elliot Lake to designate the uranium bearing conglomerate beds. The Elliot Lake deposits have been interpreted to be modified paleoplacer (detrital) deposits and the source rocks are believed to be pegmatitic granite (Robertson, 1986) located to the north. The uranium was released from the granites as a result of weathering and transported as uraninite to the site of deposition in channel systems in sedimentary basins formed in the Early Proterozoic. With the current oxygen content of the atmosphere, the uranium minerals would oxidize and dissolve in the ground water and be transported in solution. It is suggested that the erosion and sedimentation took place in the early Proterozoic in a reducing environment as a result of the low oxygen content of the atmosphere prior to 2200 Ma. The uranium was transported as heavy mineral grains along with quartz pebbles, pyrite, and other heavy minerals such as zircon, rutile, leucoxene and monazite in fast flowing streams and deposited within topographic lows in the Archean bedrock (Cochrane, L.B. et al, 2007).

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Results from the Pele Mountain drilling campaign indicate the quartz pebbles, uranium and associated heavy minerals were deposited in areas where the velocity of the streams were reduced, forming conglomerate beds in deltaic piles. The deposition occurred where the streams encountered topographic highs in the Archean basement rocks. Peripheral to the conglomerate beds, poorly sorted feldspathic sand and silt were deposited. Subsequent diagenesis resulted in the formation of the conglomerate beds intercalated within coarse sandstone with scattered pebbles and siltstone. Similarly, at the Denison Mine, the highest grade uranium mineralization occurred to the lee of basement highs where the flow was more abruptly reduced (Cochrane, L.B. et al, 2007). The presence of brannerite, secondary pyrite and the formation of secondary quartz and sericite indicates that there has been post-depositional alteration of the uranium (Robinson and Spooner, 1984). Mineralogical examinations, from a previous study, of the Pardee deposit supports this suggestion and demonstrates that the uranium is now primarily contained within secondary uranium minerals as a result of the interaction of the detrital uraninite with groundwater. Within the MCB, the deposition of the secondary minerals appears to have been limited causing local upgrading of the uranium content in some areas and leaching in others (Cochrane, L.B. et al, 2007).

5.2 EXPLORATION MODEL

It appears that the formation of the secondary uranium mineralization within the MCB has not transported the uranium any significant distance from the initial point of deposition during sedimentation. Therefore, a detrital depositional model is considered to be applicable to exploration for the uranium mineralization. The exploration model at Elliot Lake consists of drilling the lower Matinenda Formation to test and outline the MCB. The quartz-pebble conglomerate beds have formed within the thicker sections of the Lower Matinenda Formation in topographic lows in the underlying basement rocks, forming the uranium bearing channels. Within the channels, the highest grade sections within the quartz-pebble conglomerate are concentrated locally where the physical conditions such as topographic highs in the basement rocks may have reduced the velocity of the streams. The uranium minerals, the quartz pebbles and other heavy minerals are generally concentrated along the flanks of the topographic highs with a trend of mineralization from that high in a north-west direction.

6.0 MINERALIZATION

6.1 HISTORICAL STUDIES The reader is referred to the Preliminary Assessment of October, 2007 which covers this topic in greater detail (Cochrane, L.B. et al, 2007). The uranium mineralization in the deposit is contained within a great number of mineral phases. However, uraninite, brannerite and pitchblende are the primary uranium-bearing minerals in the MCB on the Pele Mountain, Elliot Lake property that have been determined through previous studies. Coffinite and thucolite have also been reported. The high specific gravity and hardness of these minerals allows for their deposition as heavy minerals within the matrix of the quartz pebble conglomerate beds The mineral phases are similar in all the conglomerate beds, however, the relative amounts of each mineral phase varies between the beds (Cochrane, L.B. et al, 2007).

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6.2 URANINITE The detrital microscopic uraninite grains occur within the matrix of the quartz-pebble conglomerates. In the main reef at the Denison Mine the grains commonly show increased concentration near the base of the beds and are more commonly found in samples that contained medium to large quartz pebbles. The texture of the grains varies from smooth to highly pitted and ragged, suggesting secondary leaching of some grains (Theis, N.J., 1979). Uraninite forms 10% of the contained uranium mineralization (Cochrane, L.B. et al, 2007).

6.3 BRANNERITE Brannerite grains are a composite containing mixtures of uranium and titanium-bearing phases. The brannerite occurs as skeletal-like grains within rutile and as microscopic blebs in bands and veinlets. The brannerite U-Ti phases are second only to uraninite as the most important uranium minerals in the Elliot Lake mineralization (Saager and Stupp, 1983). Brannerite is associated with other titaniferous phases throughout the matrix of the conglomerate that have medium to smaller size pebbles. Brannerite averaged from 31% to 37% UO2 (Theis, N.J., 1979). Brannerite was formed by the reaction of uranium in fluids with rutile. Brannerite is associated with muscovite, biotite and rutile (Cochrane, L.B. et al, 2007). 6.4 PITCHBLENDE Pitchblende has been deposited from the aqueous alteration of uraninite by oxidizing fluids and it has been precipitated by reduction of the fluid upon encountering pyrite. This process has increased the uranium content (Cochrane, L.B. et al, 2007).

6.5 SECONDARY URANIUM MINERALS Silica-rich minerals and mineral phases (coffinite and a complex aluminum-silica-pyrite-uranium phase) contain about 25% of the uranium. Other than uraninite, all other uranium minerals and mineral phases (pitchblende, brannerite, uranium in rutile, a complex aluminum-silicate-uranium-pyrite mix and a uranium pyrite mix) are minerals that have been formed by secondary processes after deposition of the uranium as uraninite. Secondary uranium minerals, coffinite, thucolite, and pitchblende are thought to be the result of ‘diagenetic modification’ of the original uraninite (Cochrane, L.B. et al, 2007).

6.6 PYRITE Pyrite occurs ubiquitously with uranium and the uranium content generally increased proportionally with pyrite. The pyrite is also considered to be detrital, having been deposited in a reducing environment in the early Proterozoic. In general, the higher uranium grades were hosted by the thickest quartz-pebble conglomerate lenses with high pyrite contents (Cochrane, L.B. et al, 2007).

6.7 OTHER MINERALS Other accessory minerals are hematite, magnetite, monazite, zircon, uranothorite, sphene, anatase, chromite, spinel, epidote, sericite, chlorite, amphibole, apatite, cassiterite, fluorite, barite, pyrrhotite, chalcopyrite, galena, sphalerite, molybdenite, marcasite and gold (Roscoe, S.M., et al, 1958).

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Overall, the mineralogy of conglomerate in the three beds is dominated by detrital quartz, (60 to 70%) orthoclase (10 to 20%) and pyrite (5 to 15%). Secondary muscovite is present in amounts ranging from 3% to 9%. The uranium bearing minerals and the heavy minerals make up less than 1% of the rock (Cochrane, L.B. et al, 2007).

7.0 EXPLORATION

The reader is referred to the Preliminary Assessment of October, 2007 which covers this topic in greater detail (Cochrane, L.B. et al, 2007). Pele Mountain has been exploring and evaluating the Elliot Lake Property since October 2006. Their exploration programs have consisted primarily of diamond drilling, assaying of drill core samples and metallurgical testing. The results from the drill program are described in Section 8.0. The geology of the deposit was compiled using government township maps (Robertson, J.A., 1961) (Robertson, J.A., 1962) and the interpretation of the information provided by the historical and current drilling. 7.1 INTERPRETATION The interpretation of the geology from the drilling conducted by Pele Mountain is consistent with the interpretation based on the historic drilling. The MCB is a consistent marker and it has been intersected in almost all holes drilled on the property. The MCB has an average dip of 17º-20º to the north and the thickness has little variation with an average of 2.5 m. The Archean basement rocks generally parallels the strike and dip of the MCB and it is located from 10m to 15m below the base of the MCB. There is a gentle plunge of the MCB and Archean rocks to the west at approximately 4º. The MCB is a continuous unit, except in areas of the greatest topographic highs, where the basement depth is higher than the position of the MCB. In these areas the MCB pinches out against the basement Archean rocks. Uranium mineralization within the MCB is typically concentrated at the base of the bed where the highest grades occur. In general, the base of the MCB is a sharp contact with the barren or very low-grade quartzite below it, which has become known as the “Divider Quartzite” between the base of the MCB and the top of the Archean or basal conglomerate bed (BCB). There is a general north-west trend of uranium mineralization.

8.0 DRILLING

The diamond drill holes pertinent to this drill report are PM108 through to and including PM170. Diamond drill holes drilled previous to drill hole PM108 have been reported in an assessment report (Smethurst, M.T. et al, 2008). Drill holes that were drilled previous to hole PM08-58 relate to a Preliminary Assessment (Cochrane, L.B. et al, 2007) that was commissioned to assess the Elliot Lake property for Pele Mountain Resources. The drill holes discussed in this report (PM108 – PM170) amount to a total of 11779m over 63 holes. The co-ordinates and directions for each drill hole are listed in Table 8-1. Table 8-1

BHID

Easting (m)

(NAD83)

Northing (m)

(NAD83) Elevation

(m) Azimuth Dip Eoh (m)

PM108 383099.7 5138756 354.8 180 -84 360

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PM109 383278.1 5137774 395.8 0 -45 100 PM110 383278.2 5137774 395.9 337.5 -45 100 PM111 383153.6 5137808 418.7 0 -50 178 PM112 383153.4 5137808 418.8 337.5 -50 157 PM113 383153.1 5137807 418.8 315 -50 149.3 PM114 383176.4 5137804 415 0 -50 144 PM115 383176 5137803 415.1 337.5 -50 119 PM116 381877.8 5137751 391.9 45 -68 135.7 PM117 384166.4 5137851 415.3 315 -45 98 PM118 384166.7 5137851 415.2 337.5 -45 83 PM119 384167.1 5137851 414.9 0 -45 110 PM120 388991 5136703 294 360 -45 265 PM121 387598 5137683 303 0 -90 265 PM122 387250 5137770 303 210 -50 239 PM123 387525 5137206 347 205 -45 209 PM124 384337.6 5138160 394.1 180 -70 106.7 PM125 384339.1 5138021 405.6 180 -68 82 PM126 384343.3 5138478 355.4 180 -66 182 PM127 384717.8 5138415 376.8 180 -60 173.7 PM128 384486.1 5138384 374.7 180 -70 157 PM129 384461.8 5138109 404.9 180 -75 85 PM130 384590.5 5138216 403.5 180 -65 109 PM131 384712.6 5138253 396.7 180 -75 121 PM132 384712.3 5138093 411.6 0 -80 97 PM133 384339.4 5138604 355.1 180 -73 243 PM134 384082.2 5138270 381.1 180 -72 143 PM135 384591 5138514 368.6 180 -53 210 PM136 384591.6 5138513 368.6 0 -87 234 PM137 384208.6 5138001 407.3 180 -66 88 PM138 384081.3 5138002 406.9 180 -68 97.2 PM139 383956.1 5138134 391 180 -67.5 145 PM140 382832.9 5137995 396.2 0 -75 175.6 PM141 384719.7 5138416 376.7 0 -78 215 PM142 383961.6 5138396 381.2 180 -76 206 PM143 384483.5 5138682 339.4 180 -65 264 PM144 383836.1 5138345 391.2 180 -77 203 PM145 384339.3 5138754 342.1 180 -74 305 PM146 384210.6 5138580 373.2 180 -66 258 PM147 383712.2 5138242 382.3 180 -71 176 PM148 384086.8 5138528 391 180 -70 261 PM149 383587.6 5138272 391.2 180 -74 199 PM150 383957.1 5138554 377.5 180 -75 270 PM151 384213.2 5138450 365.2 180 -64 191.1 PM152 383964.3 5138688 358.5 180 -78 330 PM153 383325.9 5138288 397 180 -76 218 PM154 383210.5 5138567 363.5 180 -73 300.1 PM155 383205.4 5138233 397.6 180 -73 202.4

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PM156 383461.1 5138472 365 180 -75 257 PM157 383093.6 5138339 383.2 180 -80 245 PM158 383590.6 5138572 361.6 180 -73 288.9 PM159 382708.4 5138245 375.8 180 -73 212 PM160 383703.5 5138567 358.2 180 -70 274 PM161 382958.6 5138138 406.2 180 -72 188 PM162 383713 5138397 383.1 180 -70 232 PM163 382708.5 5138068 380.9 180 -90 164 PM164 383838.8 5138590 369.7 180 -75 290 PM165 384106.8 5137787 409.3 180 -70 24.5 PM166 384107.2 5137791 409.5 180 -70 12.2 PM167 381853.9 5138122.2 358.8 180 -87 223 PM168 381657.7 5137926.6 378.9 180 -55 202 PM169 381409.0 5137977.8 365.9 270 -85 225.00 PM170 381114.6 5137807.7 382.0 180 -86 182.00

8.1 DRILLING PROCEDURES The diamond borehole drilling was conducted by M. G. Drilling contractors. M. G. Drilling used a tractor-mounted, diesel powered Morooka hydro core drill and is capable of drilling 350 m. M. G. Drilling also used a self contained skidable drill mounted on steel runners and enclosed in a metal shed. This drill has a collapsible tower and is capable of drilling upto 700m. The drill rods were thinwall BQ. Each run consists of 3 meters. It takes two rods to complete one run. Typically, it takes an hour for four runs. The drill crew marked any lost core or faulted area on meterage marker as indicated by loss of water or water pressure in the hole. Upon completion of drilling, all material and waste were removed from the site. The sludge was removed and buried and the hole was capped with a removable metal cap. 8.2 DRILL RESULTS: THE MAIN CONGLOMERATE BED (MCB) The intersections in the MCB are listed in Table 8-2. The drill hole traces are plotted in a plan map and on cross sections located in appendix A. Table 8.2

BHID From (m) To (m)

Length (m)

Est True (m)

U3O8 %

PM08-108 335.33 337.92 2.59 2.48 0.072 PM08-109 42.70 47.95 5.25 2.46 0.052 PM08-110 41.96 49.90 7.94 3.72 0.058 PM08-111 138.80 143.40 4.60 2.51 0.062 PM08-112 143.40 152.70 9.30 5.07 0.048 PM08-113 113.30 118.40 5.10 2.78 0.061 PM08-114 111.00 117.40 6.40 3.49 0.046 PM08-115 110.76 115.92 5.16 2.81 0.068 PM08-116 105.63 110.01 4.38 2.39 0.041

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PM08-117 70.30 76.00 5.70 2.67 0.082 PM08-118 75.20 80.70 5.50 2.58 0.065 PM08-119 65.05 70.30 5.25 2.46 0.078 PM08-120 Over length of core n/a n/a PM08-121 Over length of core n/a 0.000 PM08-122 Over length of core n/a 0.000 PM08-123 Over length of core n/a n/a PM08-124 83.03 86.67 3.64 3.63 0.048 PM08-125 56.98 60.07 3.09 3.08 0.076 PM08-126 164.56 166.72 2.16 2.15 0.040 PM08-127 146.84 149.30 2.46 2.42 0.051 PM08-128 135.74 138.34 2.60 2.60 0.047 PM08-129 MCB not intercepted. PM08-130 88.41 90.81 2.40 2.39 0.041 PM08-131 98.61 101.19 2.58 2.57 0.034 PM08-132 58.40 62.57 4.17 3.72 0.046 PM08-133 225.67 227.94 2.27 2.26 0.029 PM08-134 126.54 128.71 2.17 2.16 0.038 PM08-135 186.45 189.06 2.61 2.45 0.033 PM08-136 211.23 213.41 2.18 2.05 0.042 PM08-137 63.64 66.09 2.45 2.44 0.040 PM08-138 75.40 78.75 3.35 3.33 0.043 PM08-139 108.54 111.69 3.15 3.13 0.046 PM08-140 MCB not intercepted. PM08-141 191.13 193.30 2.17 1.90 0.037 PM08-142 185.50 187.93 2.43 2.42 0.045 PM08-143 241.71 244.77 3.06 3.05 0.027 PM08-144 185.10 186.43 1.33 1.32 0.038 PM08-145 294.42 296.93 2.51 2.50 0.035 PM08-146 236.91 239.67 2.76 2.75 0.042 PM08-147 150.50 153.03 2.53 2.53 0.041 PM08-148 237.24 239.87 2.63 2.63 0.037 PM08-149 176.03 178.52 2.49 2.48 0.040 PM08-150 242.88 246.25 3.37 3.36 0.044 PM08-151 165.50 168.80 3.30 3.29 0.046 PM08-152 295.28 297.73 2.45 2.43 0.058 PM08-153 192.91 195.77 2.86 2.85 0.057 PM08-154 275.89 278.20 2.31 2.30 0.050 PM08-155 181.28 184.05 2.77 2.76 0.071 PM08-156 232.22 234.88 2.66 2.65 0.034 PM08-157 220.38 222.82 2.44 2.42 0.062 PM08-158 265.00 267.71 2.71 2.70 0.040 PM08-159 188.85 191.51 2.66 2.65 0.064 PM08-160 253.40 255.80 2.40 2.40 0.053 PM08-161 165.09 168.08 2.99 2.98 0.051 PM08-162 208.48 211.03 2.55 2.54 0.051 PM08-163 140.05 142.72 2.67 2.51 0.027

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PM08-164 268.92 271.37 2.45 2.44 0.059 PM08-165 1.89 5.03 3.14 3.13 0.051 PM08-166 3.47 6.92 3.45 3.44 0.050 PM08-167 194.52 197.10 2.58 2.49 0.037 PM08-168 170.19 173.74 3.55 3.38 0.021 PM08-169 204.98 208.19 3.21 3.10 0.044 PM08-170 156.28 158.85 2.57 2.48 0.043

Drill holes along with the U3O8 % and estimated true thickness of the MCB are listed in the above table. Figure 8.1 is a plan map that shows the locations of drill holes. PM108 targeted a geophysics anomaly under the large east-west trending ridge north of Pardee Lake and yielded a grade of 0.072% U3O8 over 2.48m. Drill holes PM120 through to and including PM123 targeted geophysics anomalies on and near the western shoreline of Pecors Lake and yielded varying weak results, however, these holes were drilled into an iron formation and multi-element analyses showed weak to medium values of iron and weak to medium values of associated mineralization over small intervals. The MCB was not intercepted in hole PM129. It is believed that the MCB simply did not form as a result of sedimentary controls in the original depositional environment. Hole PM140 did not intercept the MCB due to the fact that the drill hole passed through the large Nipissing diabase dyke (“The Dyke”) that runs east west across the property. As a result of the drilling a second area of higher grade mineralization has been discovered to the east of the adit area and topographic high. Uranium mineralization tends to follow a north-west trend consistent with paleocurrent directions noted in the Huronian sediments. Also, the higher grade mineralization extends north of the adit area at east end of Pardee Lake consistent with north-west trend of mineralization from the area of the new discovery of higher grade mineralization east of the adit area. The uranium mineralization continues to be consistently concentrated at the base of the MCB with a trend of decreasing uranium content upwards through the conglomerate bed with increasingly finer grain sediment. Conglomerate beds of the MCB with the largest pebble size and earliest stratigraphy generally contain the highest amounts of uranium mineralization. These traits of the Elliot Lake uranium mineralization are consistent with the characteristics of a Placer-type deposit where the mineralization is controlled by sedimentary processes. Also observed, the uranium mineralization is invariably proportional to pyrite content with pyrite content averaging 5 to 20% in the core. The highest grade sections within the quartz-pebble conglomerate are concentrated locally where the physical conditions such as topographic highs in the basement rocks have likely reduced the velocity of the ancient streams. The uranium minerals, the quartz pebbles and other heavy minerals are generally concentrated along the flanks of the topographic highs with a trend of mineralization from that high in a north-west direction. The MCB thickness has so far been consistent in the area of drilling. Other conglomerate beds some with uranium mineralization extend up to 100m above the MCB in the Ryan Member of the Matinenda Formation. The Ryan member, which is typically 100 meters thick, consists of a sericitic , green quartzite with occasional grit beds and narrow quartz pebble conglomerate beds. The footwall quartzite below the MCB to the Basal Conglomerate Bed (BCB) and unconformity is massive medium grain

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quartzite and continues to maintain consistent thickness. The unconformity between the Matinenda Formation and the Archean basement is quite distinct and undisturbed. The Archean basement volcanics show little deformation and alteration in most of the holes. The first six meters of the basement is a chloritic and carbonate rich metavolcanic that contains a strong magnetite component. This latest phase of drilling also revealed new uranium mineralization. A number of holes were drilled immediately north of the Adit block in the vicinity of Pardee and Stinson Lakes. These holes were collared in the McKim formation consisting of argillite, grey quartzite and greywacke. They intersected approximately 100 meters of the Stinson member of the Matinenda formation before entering the Ryan member. The Stinson consists of a very fine grain, grey quartzite. The upper 10 to 15 meters of this member contains detrital pyritic banding associated with low grade uranium values. The drilling program also further defined the major (25m wide) Nipissing Diabase dyke the trends east west through the deposit. A continued drilling infill program would further define The Dyke. This would be necessary to the east through the Canyon Lake fault and towards the west to delineate the extent and influence of this Dyke on the MCB, it will also provide necessary structural information. Figure 8.1

9.0 SAMPLING METHOD, APPROACH AND CHAIN OF CUSTODY

The deposit has been sampled using standard core drilling methods. Pele Mountain has previously utilized a custom drill capable of drilling to 400m, mounted on a Marooka MST-1100 rubber track carrier. The most recently completed drill program utilized a

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custom 100hp driven drill installed in a light frame enclosure capable of drilling to 700m. All holes were drilled using BX Thin wall core barrels and rods. The core has been sampled and analyzed at Activation Laboratories in Ancaster, Ontario.

9.1 CORE HANDLING PROCEDURES Pele Mountain used the following core logging procedures:

• Core was placed by the driller in well identified, 1.5m (5ft) long, labelled wooden core boxes, from left to right, with the start and finish of each drill run labelled with a meterage marker. Drill runs are typically 3 meters.

• Core boxes were closed by the driller at the drill site, secured with rubber

fasteners and regularly transported each day to the core logging facility, and laid out in order of increasing hole depth. The core was never left unattended in the field

• The core logging facility is a secure warehouse in an industrial area in the

City of Elliot Lake. Signs are posted restricting un-authorized personnel. Employees working in the building are informed of this restriction. The building is locked and bolted at all times when not occupied.

• Core box labels and meterages were checked for accuracy, and aluminium

labels recording hole number and box number were stapled to the boxes; • The core is stored at the core storage facility in Elliot Lake. Core that has

been split and samples collected are stored inside the locked core storage facility. All other core is stored outside in a designated storage area.

9.2 CORE LOGGING PROCEDURES

• Specially designed forms including general data for recording location, date drilled, diameter, azimuth, dip, etc., were used for logging by an experienced geologist.

• Geological data was manually recorded on the drill logs by an experienced

geologist. The drill log includes: lithology, alteration, mineralization, and structure. The hand written log when completed is transferred to electronic format for analysis and transfer to a database.

• The sample numbers were recorded on the drill logs.

9.3 SAMPLING PROCEDURES • At the Pele Mountain core facility, sampling intervals have been set according

to geological and/or mineralogical constraints by an experienced geologist. Sampling was continuous from at least one meter above the hanging wall of the Main Conglomerate Bed to the base of the MCB. In all instances at least one barren sample has been taken from the quartzite underlying the base of

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the MCB. If there were significant floater reefs above the MCB, sampling was extended into the HW to include these reefs.

• The sampling interval was variable and dependant upon lithological or

mineralogical parameters. In the Floater Reefs, sample intervals varied from 0.1 m to 1.0 m. In the MCB sample intervals varied between 0.1 m and 0.20 m.

• If encountered, the sampling of the Basal Conglomerate Bed was continuous

from 1 m above the contact to 1 m below the contact. • Sample intervals were marked on the core and core boxes with a red lumber

crayon, and sample tickets prepared in triplicate. One tag was stapled to the interior of the core tray at the beginning of the sample interval, one tag accompanied the sample, and the remaining tag was used for drill log entry.

• The core was sampled by halving with a diamond saw. Once sawn, both

halves of the core were returned to the core tray. After each sample, the saw blade was cleaned with water.

• Some of the sampling in the MCB required that one of the sawn halves of a

sample interval be halved again to create quarters. The quarter core was submitted for analysis, one being utilized as a duplicate sample. The remaining half core was retained for the geological record. At least one duplicate is taken per drill hole, no more than two duplicates are taken per drill hole.

• Before removing the sample from the core tray and placing it in a plastic sample bag, each sample interval was checked to confirm the sample tag matched the interval being sampled.

9.4 SAMPLE SHIPMENT AND SECURITY • For each hole, samples were broken into 3 to 5 cm pieces for transport and

ease of handling at the lab facilities and placed in heavy 10”x15” plastic bags along with a numbered tag and securely sealed. On each bag was recorded the name of the company (Pele) and the sample number and hole number with indelible ink. The samples were then packed into 5 litre heavy plastic pails with locking lids. Documents describing the sample numbers, analysis packages, and addresses were also placed in the pail. The lids were then drilled and sealed with numbered security tags. The numbered seals were recorded and this information was also relayed to the lab.

• The name of the client and address (Pele Mountain) and the hole number was recorded on the exterior of the pail. The address of the lab was also written on the exterior of the pail.

• The pails were transported by a commercial carrier to the laboratories for sample preparation. A waybill number was assigned to the shipment. This information was relayed to the lab via e-mail.

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• When Activation Laboratories received the samples, they recorded the sample numbers and assigned a work order. Sample receipt verification was then e-mailed to Pele Mountain.

9.5 CHAIN OF CUSTODY Pele Mountain Resources maintains strict chain of custody rules and procedures for its ongoing drill program situated near Elliot Lake. Listed below is the chain of custody rules and sampling procedures that are adhered to by authorized Pele Mountain Field Personnel. 1 – All drillcore is conveyed from the drill (see Fig 9-1) to a suitable vehicle (see Fig 9-2) for transport to the Core Processing Facility situated 3km north of Elliot Lake under the supervision of authorized Field Personnel.

Fig 9-1- Core being readied Fig 9-2- Core being for transport at drill transferred to truck 2 – The drillcore is received at the Pele Mountain Core Processing facility (see Fig 9-3) and is unpacked and laid out on racks for logging (see Fig 9-4). This facility is secure under lock and key. No unauthorized entry is permitted, except authorized personnel.

Fig 9-3- Pele Mountain Core Fig 9-4-Core being unloaded Processing Facility from truck at facility. 3 - The unpacked laid out core is then logged on racks inside the facility. (see Fig 9-5 and 9-6)

Fig 9-5-Core laid out ready Fig 9-6–Core racks inside for logging facility 4 – During the logging stage, the ore zones are identified and are prepared for sampling. (see Fig 9-7)

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Fig 9-7-Ore zone being prepared Fig 9-8-Core being split with tile saw for sampling 5 – Prepared ore zones for sampling are cut and halved using a wet tile saw. (see Fig 9-8). Once split, one half is packaged in appropriate plastic sample bags (see Fig 9-9). The remaining half is stored inside the facility. (see Fig 9-10)

Fig 9-9-Core halves being packaged Fig 9-10-Stored sampled core 6 – The sampled bags are individually sealed and placed inside plastic pails with appropriate documentation and instructions for the Assay Lab. (see Fig 9-11). The plastic pail is then sealed using seal tags to prevent unauthorized opening of the plastic pail (see Fig 9-12) These tag numbers are also recorded in the documentation sent with pails, and also emailed to the Assay Lab. If a seal is broken during shipping the Assay Lab is to notify Pele Mountain immediately and the shipment in question will not be sampled. Note, this has not happened to date.

Fig 9-11-Sample bags individually sealed Fig 9-12-Sealed pail with security seals 7 – Once a shipment is ready to ship, (see Fig 9-13) they are transported to the Elliot Lake Purolator depot for shipment. The required documentation is filled out and the pails are handed off to Purolator personnel and placed in the Purolator truck for transport to the Assay Lab.(see Fig 9-14)

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Fig 9-13-Pails ready for shipping Fig 9-14-Pails in Purolator truck Once the samples have been processed and analyzed by the assaying laboratory the pulps and rejects are shipped back to the project site (core shack) at Elliot Lake. The samples are then organized and systematically stored in boxes on shelves in a locked steel shipping container for security purposes. This ensures that Pele Mountain consulting geologists maintain tighter control over the processed samples.

10.0 SAMPLE PREPARATION AND ANALYSES

10.1 SAMPLE PREPARATION The samples were sent to Activation Laboratories (ACTLabs), Ancaster, Ontario for sample preparation and analyses. Once the samples arrive in the laboratory, ACTLABS will ensure that they are prepared properly. As a routine practice with rock and core, the entire sample is crushed to a nominal minus 10 mesh (1.7 mm), mechanically split (riffle) to obtain a representative sample and then pulverized to at least 85% minus 200 mesh (75 microns). All of their steel mills are mild steel and do not induce Cr or Ni contamination. As a routine practice, sand is used as a cleaner between each sample. Quality of crushing and pulverization is routinely checked as part of the quality assurance program. Randomization of samples in larger orders (>100) provides an excellent means to monitor data for systematic errors. The data is restored after analysis according to sample number. As a routine practice with soil samples, a 100-150 gram aliquot is pulverized in a mild steel ring mill to normally better than 95% minus 150 mesh. As a routine practice, sand is used as a cleaner between each sample. 10.2 ANALYTICAL METHODS ACTLabs is an accredited laboratory with the Standards Council of Canada. ACTLabs is also accredited to ISO/IEC 17025. This accreditation is the standard for analytical testing laboratories. Uranium was analyzed using three different methods. Package 4B2-standard was used for uranium, thorium and the rare earth elements. Package U-DNC provides delayed neutron counting for uranium and is assayed if high. Package 1D was used for the soil samples for uranium and rare earth elements. The ACTLabs Code 4B and trace element ICP/MS package Code 4B2 is a whole rock package fusion technique that employs lithium metaborate/tetraborate fusion. The resulting molten bead is rapidly digested in a weak nitric acid solution. The fusion

31

ensures that the entire sample is dissolved. This procedure allows for the major oxides including SiO2, REE and other high field strength elements to be put into solution. The ACTLabs U – DNC package is a Delayed Neutron Count for uranium. The ACTLabs Code 1D technique employs and irradiation with flux wires. An approximately 30 gram aliquot is encapsulated and weighed in a polyethylene vial and then irradiated with flux wires at a thermal neutron flux of 7 x 1011 n.cm-2s-1. After a seven day decay to allow Na-24 to decay the samples are counted on a high purity Ge detector with a resolution of better than 1.7 KeV for the 1332 KeV C0-60. Using the flux wires the decay corrected activities are compared to a calibration developed from multiple certified international reference materials. SGS Laboratories in Toronto were used for sample check analyses. SGS is an accredited laboratory with the Standards Council of Canada. SGS Minerals Services is also accredited to ISO/IEC 17025. Pele Mountain Resources consulting geologists used the SGS analysis package IMS95R recommended in the Preliminary Assessment of October 2007 (Cochrane, L.B. et al, 2007). The IMS95R package is a lithium metaborate fusion analysis. A small sample is digested lithium metaborate (LiBO2). Samples are then heated and the resulting molten bead is digested in HNO3 and tartaric acid. It is then mixed with Lu internal standard and analyzed through ICPMS.

10.3 LABORATORY QA/QC SYSTEM Pele Mountain consulting geologists visited ACTLabs Monday March 3, 2008. The purpose of the visit was to gain confidence in the abilities of the staff and service. Pele Mountain geologists noted the cleanliness, efficiency and professionalism of ACTLabs, their staff and their service. Regular processing of samples has been performed by Activation Laboratories Ltd. on an ongoing basis. It has accreditation to international standards, ISO 17025 standard for specific registered tests. ISO 17025 evaluates the quality system and specific analytical methodologies through proficiency testing and routine audits of the laboratory. Also, ACTLabs have accreditation to CAN-P-1579, specific to mineral analysis laboratories. They have a rigorous chain of custody protocol in place to ensure security of samples once received.

Personnel ACTLabs has a defined policy that ensures that all staff working in their laboratories are competent to perform the work required. New employees are trained to perform specific tasks and their ability to perform these tasks is formally assessed. The staff are routinely evaluated and up-to-date training and performance records are maintained.

Test Methods & Method Validation ACTLabs’ in-house methods are fully validated before being used on client samples. Standard material and reagent lists are also maintained.

Equipment ACTLabs maintains a schedule for the maintenance and calibration of equipment used in the laboratory.

Traceability Records of calibration and performance parameters are maintained for both testing and measuring equipment.

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Sampling ACTLabs routinely monitors and documents the reliability of sampling of submitted samples to ensure any sub-samples taken (e.g. from a crushed rock split) is reliable and representative of the original sample submitted.

11.0 DATA VERIFICATION

11.1 BOREHOLE SURVEY LOCATIONS Borehole collar locations and elevations were determined through Torrence Surveying by precision GPS measurement, expressed in UTM coordinates. The equipment used to survey is a Leica dual frequency GPS RTK (Real Time Kinematic) system, and the surveys were based on static sessions from Ministry Of Transportation Ontario control monuments. The coordinate values provided are UTM, NAD83 CSRS (Canadian Spatial Reference System) horizontal datum and CGVD28 vertical datum, rounded to one decimal place. 11.2 BOREHOLE DEVIATION

Boreholes are surveyed utilizing the Ranger Multifunctional Tool. This tool measures Inclination, Azimuth, Gravity Roll, Magnetic Dip, Magnetic Interference, and Temperature. Communication with the tool is with infrared link with RSC. The tool employs 1 Triaxial Accelerometer (accuracy +\- 0.2 degrees), 1 Triaxial Fluxgate Magnetometer (accuracy +\- 0.5 degrees) and a temperature sensor packaged in a solid state brass alloy tube. The tool is employed in open hole environments with stations taken at 10M intervals. 11.3 DATABASE Drill log data, data related to the continuing drill program and related exploration data have been persistently maintained by Scott Wilson RPA Consulting and by Pele Mountain Resources in-house consulting geologists. Pele Mountain Resource in-house consulting geologists and engineers have facilitated the transition of consulting companies to SRK consulting who have begun to maintain and monitor the growing database. The drill log database for the Elliot Lake project contains information acquired from several stages of exploration, during a period of more than 50 years. The database contains drill hole and sample data from several historic drill programs and the recent Pele Mountain drill programs. Data contained within the database includes drill hole collar location, deviation surveys, lithology, sample numbers, sample intervals, and analytical data. Drill core data and observations are captured in digital logs and emailed to Mark T. Smethurst at the Pele Mountain head office in Toronto to be kept in a central database. Mr. Smethurst acts as the head of drilling, data management and exploration. He holds a Masters of Science degree in geology and geophysics and holds a professional geoscience license in good standing with the Association of Professional Geoscientists of Ontario (APGO). The same data are also emailed to technical staff at Scott Wilson RPA Consulting. Assay results from the assaying companies are emailed to Mr. Smethurst and to technical staff at Scott Wilson RPA Consulting. Therefore, the database is maintained in two locations. With regard to Pele Mountain Resources, the database is located on one computer at the Pele Mountain head office and is password

33

protected. The database is backed-up at the end of each day on a portable hard drive and is kept with Mr. Smethurst. With regard to Scott Wilson RPA, the database is maintained by one person in a centralized location and is automatically backed up at least once per day and is password protected. Drill core data from the drill logs and assay data from the assaying companies are combined onto excel sheets for grade calculations per hole and for overall perspective of the drill hole results. The excel sheet data and calculations are cross-checked by technical staff at Scott Wilson RPA Consulting and by Patrick R. Enright (Project Geologist on site at Elliot Lake). Also, drill log data is extracted, formatted accordingly and entered into a Gemcom software database for geological modelling and resource estimation at Scott Wilson RPA Consulting. The same data is also entered into a Datamine Studio 3 software database for the same purposes by Pele Mountain in-house consulting geologists and by SRK Consulting. For the continued purpose of data management and security, Pele Mountain Resources has acquired a Geological Data Management System from Century Systems Technologies Inc. This management system consists of integrated software programs for the collection, validation, reporting and management of data (drill hole and assay). This system will prevent the possibility of transcription errors, secure data corruption and tampering, as well as allow for secure storage and management of data in a central location. 11.4 DATABASE VALIDATION Checks on the collar location, lithology and assay data were performed throughout the project development. Assay values were verified by random individual checks and by plotting the assay values against lithology. The 3D geological model developed in the Datamine Studio 3 three dimensional software shows a good agreement between the historic holes and the recent drill program. All analyses were entered into an excel spreadsheet and then imported in to the Datamine Studio 3 software database. Composite analyses were calculated the excel spreadsheets and cross-checked by an outside source to ensure there were no errors in the database entries. No errors were found. 11.5 ANALYTICAL AND QA/QC PROGRAM The rock samples from the drill core were analyzed by Activation Laboratories (ACTLabs) in Ancaster, Ontario. ACTLabs is accredited by the Standards Council of Canada. The samples were analyzed for uranium using the delayed neutron counting method (UDNC). Pele Mountain consulting geologists regularly submitted duplicate samples, blanks and standard samples to monitor the results. These control samples were submitted every 15 to 20 samples; a set of control samples approximately per hole. The program did not indicate any concerns with the analytical results. Pulp samples were also submitted to SGS Minerals Services (SGS) in Don Mills, Ontario, for check analyses. SGS analyzed for uranium using their IMS95R analytical package (fusion by LiBO2). The correlation coefficient of the results from the two analytical methods was 0.95 (Figure 11-7) and the analyses are acceptable. 11.6 DUPLICATE SAMPLES One duplicate sample was taken approximately every 15-20 samples from approximately each drill hole and reflects the ongoing study of the project. Samples were selected from a broad range of uranium percentage values from assay results and then resubmitted under different sample identifiers to test the reproducibility of results. The correlation between the initial samples and the duplicate samples conducted at

34

ACTLabs are shown in Figure 11-1, the correlation coefficient is 0.87 which indicates a good match. The figure shows the correlation of the data in blue and shows a theoretical ideal correlation in red. The graph shows the near ideal correlation of the data when compared to the theoretical ideal correlation and shows that the data is spaced above and below both the data correlation line (blue) and the theoretical ideal correlation line (red). This indicates that the lab results do not have a constant bias. Figure 11-2 shows the percent difference between initial assay results versus duplicate assay results. The initial and duplicate samples show a good correlation and therefore illustrate that the samples are representative of the mineralization. The correlation also indicates that the grade calculations can be determined from reliable, consistent data. Figure 11-1

Within Lab Duplicates Intial vs Duplicates

y = 1.0412x

R2 = 0.872y = x

R2 = 1

0.000

0.050

0.100

0.150

0.200

0.250

0.000 0.050 0.100 0.150 0.200 0.250

Initial U3O8%

Dup

licat

e U

3O8% Within Lab Duplicate Checks

Theoretical Ideal Correlation

Linear (Within Lab Duplicate Checks)

Linear (Theoretical Ideal Correlation)

35

Figure 11-2

Percent Difference Between Assays vs Duplicates

0.05.0

10.015.020.025.030.035.040.045.050.055.060.065.070.075.080.085.090.095.0

100.0

0 10 20 30 40

Sample Number

Per

cent

age

Percent Difference BetweenTwo Samples

11.7 CONTROLS: SAMPLE BLANKS Sample blanks were inserted every 20 samples. The blanks were core taken from intersections in a diabase dyke from a gold project at Manitowadge Ontario, located several km from the Elliot Lake uranium project. The analyses from the sample blanks consistently ran at a level consistent with Earth uranium background (Figure 11-3). Figure 11-3

Blanks Assay Results (Earth background is approximately 0.00047%)

0.000

0.005

0.010

0.015

0.020

0.025

0.030

0.035

0.040

0.045

0.050

0 10 20 30 40 50 60 70

Blank Samples

U3O

8%

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11.8 CONTROLS: SAMPLE STANDARDS Three certified standard reference samples were acquired from Natural Resources Canada from the CANMET division and were inserted every 15-20 samples to act as checks on assay results. Reference sample DL-1a is a waste-rock from the Denison Mine property in the Elliot Lake District and contains 0.0137% U3O8. The second reference sample is a uranium ore, UTS-4, from Eldor Mine at Rabbit Lake, Saskatchewan and contains 0.1191% U3O8. The third reference sample, UTS-3, is a uranium ore with a grade that closely matches the average grade of the Elliot Lake uranium mineralization on the Pele Mountain property. The UTS-3 reference sample contains 0.0605% U3O8 and is from Eldorado Nuclear Ltd., at Beaverlodge, Saskatchewan. Control charts were created to show the laboratory results of the analyses of the standards (Figure 11-4, 11-5 and 11-6). The plot compares the results to the standard along with the deviations from the mean. The majority of the standard sample analyses were within one standard deviation, no results were beyond the second standard deviation, thus, there is minimal variation in the laboratory results of the standard analyses (Figure 11-4, 11-5 and 11-6). Figure 11-4

DL-1a Standard Control Chart

0.010

0.011

0.012

0.013

0.014

0.015

0.016

0.017

0.018

0 5 10 15 20 25 30 35

Standard Samples

U3O

8%

Assayed Standards

Standard (0.01367%)

+1 SD

-1 SD

+2 SD

-2 SD

+3 SD

-3 SD

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Figure 11-5

UTS-4 Standard Control Chart

0.090

0.100

0.110

0.120

0.130

0.140

0.150

0 2 4 6 8 10 12 14 16 18 20

Standard Samples

U3O

8%

Assayed Standards

Standard (0.11908%)

+1 SD

-1 SD

+2 SD

-2 SD

+3 SD

-3 SD

Figure 11-6

UTS-3 Standard Control Chart

0.045

0.050

0.055

0.060

0.065

0.070

0.075

0 2 4 6 8 10 12 14 16 18 20

Standard Samples

U3O

8%

Assayed Standards

Standard (0.0605%)

+1 SD

-1 SD

+2 SD

-2 SD

+3 SD

-3 SD

11.9 BETWEEN LABORATORY CHECK ANALYSES Scott Wilson RPA and Associates recommended that all samples be analyzed using the IMS95R package from SGS Laboratories (digestion in LiBO2) for consistency and to optimize results for assay analyses (Cochrane, L.B. et al, 2007). Work conducted at Scott Wilson RPA and Associates during the scoping study showed that the ACTLabs UDNC analysis package was just as effective as the SGS IMS95R analysis package

38

(Cochrane, L.B. et al, 2007). Pele Mountain Resources in-house geologists also performed checks between laboratories and between assay analysis packages to further bolster the results of the scoping study (October, 2007). For the continued drilling, since the completion of the scoping study, regular processing of samples from drill holes were analyzed at ACTLabs using their uranium delayed neutron counting (UDNC) analysis package. A total of 43 samples from the drill holes of this latest phase of drilling were submitted to SGS laboratories to be re-analyzed for check analysis using the IMS95R package. A comparison between the two different analysis packages from the two different assay companies was performed (Figure 11-7). The correlation coefficient is 0.95, indicating an excellent correlation and validation of the ACTLabs UDNC analyses. The figure shows the correlation of the data in blue and shows a theoretical ideal correlation in red. The graph shows the near ideal correlation of the data when compared to the theoretical ideal correlation and shows that the data is spaced above and below both the data correlation line (blue) and the theoretical ideal correlation line (red). This indicates that the lab results do not have a constant bias. Figure 11-7

Sample Check Analysis ACTLabs vs SGS

y = 0.9504x

R2 = 0.9466y = x

R2 = 1

0.000

0.020

0.040

0.060

0.080

0.100

0.120

0.140

0.000 0.020 0.040 0.060 0.080 0.100 0.120 0.140

ACTLabs U3O8%

SG

S U

3O8%

Actlabs Ur SGS Ur

Theoretical Ideal Correlation

Linear (Actlabs Ur SGS Ur)

Linear (Theoretical IdealCorrelation)

39

11.10 SPECIFIC GRAVITY MEASUREMENTS Specific gravity measurements (S.G. g/cc) performed during the Preliminary Assessment on the Elliot Lake Project (Cochrane, L.B. et al, 2007) were applied to this drill program for continual assessment of the deposit for estimation purposes. The average specific gravity is 2.71 g/cc (Cochrane, L.B. et al, 2007). ACTLabs determines specific gravity in accordance with ASTM D854. A 25g sample is used to determine specific gravity through boiling the sample for 10 minutes in a calibrated 250 mL pycnometer to remove entrapped air. This solution is allowed to cool, is diluted to a measured volume with deionized water, and allowed to obtain a uniform temperature over a minimum of 16 hours. After this time, the mass of the pycnometer and its contents are measured, and the specific gravity calculated. Samples were submitted for specific gravity measurements during this latest phase of drilling to reinforce continuity of the results of the measurements performed during the Preliminary Assessment of October 2007 by Cochrane, L.B. et al. Thirty six samples were submitted to ACTLabs for specific gravity measurements. The results are summarized in Tables 4-1, 4-2 and 4-3. The average specific gravity is 2.71 g/cc (standard deviation of 0.09), confirming the consistency of the specific gravity with previous test results (Table 4-1). The average specific gravity of the quartz (Quartz) found in the drill core is 2.65 g/cc with a standard deviation of 0.07 (Table 4-2) and the average specific gravity of the quartz pebble conglomerate (QPC) is 2.76 g/cc with a standard deviation of 0.07 (Table 4-3). Figures 4-8, 4-9 and 4-10 are histogram charts showing the frequency of specific gravity (S.G.) results. Each chart is followed by a brief summary of statistical results. Table 4-1

BHID From To Sample ID S.G. g/cc Rock Type

PM115 109.00 109.20 2229 2.63 Quartz PM115 110.00 110.33 2232 2.76 QPC PM117 68.85 69.64 2255 2.62 Quartz PM117 74.23 74.85 2268 2.68 QPC PM117 74.85 75.10 2269 2.72 QPC PM125 58.79 59.12 2379 2.89 QPC PM126 165.35 165.57 2398 2.74 QPC PM127 148.97 149.12 2551 2.76 QPC PM130 88.28 88.41 2462 2.67 QPC PM130 90.05 90.17 2473 2.82 QPC PM132 58.64 59.33 2504 2.64 Quartz PM132 61.29 61.54 2513 2.77 QPC PM133 226.73 226.94 2565 2.75 QPC PM134 127.03 127.17 2602 2.74 QPC PM135 185.30 185.52 2659 2.61 Quartz PM135 187.61 187.85 2674 2.70 QPC PM136 210.78 211.00 2730 2.64 Quartz PM136 212.60 212.89 2742 2.88 QPC PM137 61.75 62.10 2618 2.64 Quartz PM137 64.30 64.50 2633 2.72 Quartz PM137 65.55 65.77 2644 2.84 QPC PM138 75.40 75.62 2689 2.78 Quartz

40

PM138 77.77 77.96 2704 2.64 QPC PM139 103.50 104.10 2757 2.66 Quartz PM139 111.16 111.31 2779 2.86 Quartz PM145 189.1 189.55 3095 2.61 Quartz PM145 288.77 289.8 3112 2.62 Quartz PM145 295.42 295.66 3126 2.66 QPC PM146 236.1 236.31 3153 2.62 Quartz PM146 236.91 237.11 3157 2.74 QPC PM147 150.71 150.82 3198 2.58 Quartz PM147 152.08 152.4 3210 2.59 Quartz PM148 229.37 231.52 3231 2.60 Quartz PM148 238.67 238.91 3251 2.80 QPC PM149 174.77 175.52 3262 2.61 Quartz PM149 178.14 178.4 3277 2.84 QPC

SUM 97.43

Average 2.71 Table 4-2

BHID From To Sample ID

S.G. g/cc

Rock Type

PM115 109.00 109.20 2229 2.63 Quartz PM117 68.85 69.64 2255 2.62 Quartz PM132 58.64 59.33 2504 2.64 Quartz PM135 185.30 185.52 2659 2.61 Quartz PM136 210.78 211.00 2730 2.64 Quartz PM137 61.75 62.10 2618 2.64 Quartz PM137 64.30 64.50 2633 2.72 Quartz PM138 75.40 75.62 2689 2.78 Quartz PM139 103.50 104.10 2757 2.66 Quartz PM139 111.16 111.31 2779 2.86 Quartz PM145 189.1 189.55 3095 2.61 Quartz PM145 288.77 289.8 3112 2.62 Quartz PM146 236.1 236.31 3153 2.62 Quartz PM147 150.71 150.82 3198 2.58 Quartz PM147 152.08 152.4 3210 2.59 Quartz PM148 229.37 231.52 3231 2.60 Quartz PM149 174.77 175.52 3262 2.61 Quartz

SUM 45.03

Average 2.65

41

Table 4-3

BHID From To Sample ID

S.G. g/cc

Rock Type

PM115 110.00 110.33 2232 2.76 QPC PM117 74.23 74.85 2268 2.68 QPC PM117 74.85 75.10 2269 2.72 QPC PM125 58.79 59.12 2379 2.89 QPC PM126 165.35 165.57 2398 2.74 QPC PM127 148.97 149.12 2551 2.76 QPC PM130 88.28 88.41 2462 2.67 QPC PM130 90.05 90.17 2473 2.82 QPC PM132 61.29 61.54 2513 2.77 QPC PM133 226.73 226.94 2565 2.75 QPC PM134 127.03 127.17 2602 2.74 QPC PM135 187.61 187.85 2674 2.70 QPC PM136 212.60 212.89 2742 2.88 QPC PM137 65.55 65.77 2644 2.84 QPC PM138 77.77 77.96 2704 2.64 QPC PM145 295.42 295.66 3126 2.66 QPC PM146 236.91 237.11 3157 2.74 QPC PM148 238.67 238.91 3251 2.80 QPC PM149 178.14 178.4 3277 2.84 QPC

SUM 52.40

Average 2.76

42

Figure 4-8

Histogram of Overall S.G. Results

0

2

4

6

8

10

12

0.00-2.55 2.55-2.60 2.60-2.65 2.65-2.70 2.70-2.75 2.75-2.80 2.80-2.85 2.85-2.90 2.90-3.00

Intervals of Specific Gravity

Fre

quen

cy

Overal S.G. stats results

Mean 2.71 Median 2.69 Mode 2.64 Standard Deviation 0.09 Range 0.31 Minimum 2.58 Maximum 2.89 Confidence Level(95.0%) 0.03

43

Figure 4-9

Histogram of Quartz S.G. Results

0

2

4

6

8

10

12

0.00-2.55 2.55-2.60 2.60-2.65 2.65-2.70 2.70-2.75 2.75-2.80 2.80-2.85 2.85-2.90 2.90-3.00

Intervals of Specific Gravity

Fre

quen

cy

Quartz S.G. stats results

Mean 2.65 Median 2.62 Mode 2.62 Standard Deviation 0.07 Range 0.28 Minimum 2.58 Maximum 2.86 Confidence Level(95.0%) 0.04

44

Figure 4-10

Histogram of QPC S.G. Results

0

2

4

6

8

10

12

0.00-2.55 2.55-2.60 2.60-2.65 2.65-2.70 2.70-2.75 2.75-2.80 2.80-2.85 2.85-2.90 2.90-3.00

Intervals of Specific Gravity

Fre

quen

cy

QPC S.G. stats results

Mean 2.76 Median 2.75 Mode 2.74 Standard Deviation 0.07 Range 0.25 Minimum 2.64 Maximum 2.89 Confidence Level(95.0%) 0.03

11.11 QA-QC DISCUSSION The check-samples that were analyzed by SGS laboratories agree very well with the results from Activation laboratories (ACTLabs), correlation of 0.95 (Figure 11-7). However, assay duplicate analyses conducted at ACTLabs show a greater scatter of points with higher grade uranium percentages when compared to the lower grade uranium percentages (Figure 11-1). Since there is excellent correlation between assay results of two different labs employing two different assaying techniques (Figure 11-7), the scatter of points of the higher grade uranium mineralization shown in figure 11-1 may be explained by a variation in mineralization. A larger sampling of the rock through the Main Conglomerate Bed (MCB) may reduce the scatter of points of the higher grade of uranium mineralization thereby producing more accurate results as appose to a bias high or a bias low resulting from a variation in uranium mineralization. The larger sampling of rock can be accomplished by first requesting the assaying companies to examine a larger portion of the pulp, double the standard portion. Also, instead of quartering half of the core for duplicate assaying, send both halves of the core for examination. After employing these changes compare the results of the duplicates

45

versus the initial assays against the results of figure 11-1 to determine if there has been an improvement. Specific gravity (S.G.) measurements were conducted on quartz rock and quartz pebble conglomerate rock. The average specific gravity is 2.71 g/cc of the quartz and quartz pebble conglomerate combined, this is consistent with results of previous studies, 2.71 g/cc (Cochrane, L.B. et al, 2007). However, results of specific gravity studies conducted on rock units show a variation from one rock type to another. The average specific gravity of the quartz (Quartz) found in the drill core is 2.65 g/cc and the average specific gravity of the quartz pebble conglomerate (QPC) is 2.76 g/cc (Tables 11-2 and 11-3, Figures 11-9 and 11-10). Tonnage estimates of the MCB will differ from one specific gravity to another. For example, a tonnage estimate based on a particular volume using a specific gravity of 2.71 g/cc would yield 10,000,000 tonnes. A tonnage estimate based on the same volume using a specific gravity of 2.76 g/cc would yield over 10,180,000 tonnes, therefore an increase of 0.05 g/cc adds approximately 180,000 tonnes of MCB to a 10 million tonne estimate. This difference in specific gravity will have an impact on resource estimations, a more refined specific gravity number would be useful for the rock unit that would be mined for the uranium.

11.12 QA/QC DISCUSSION: INDEPENDENT MONITORING Scott Wilson RPA released a Preliminary Assessment on the Elliot Lake project for Pele Mountain Resources Inc. in October of 2007 (Cochrane, L.B. et al, 2007). The report is based on diamond drill holes up to and including PM07-57 (Cochrane, L.B. et al, 2007). Geologists contracted by Pele Mountain Resources Inc. continued the drilling campaign with diamond drill hole PM08-58 on October 18, 2007. Pele Mountain geologists initially conducted the drilling program recommended by the Scott Wilson RPA report and then expanded from that drill program as drilling results materialized. Pele Mountain geologists maintained all QA/QC protocols as recommended by SWRPA in the Preliminary Assessment. Throughout the drill program since diamond drill hole PM07-58 all assay results, drill logs and related data have been sent to Scott Wilson RPA for their continued review and monitoring of Pele Mountain’s QA/QC procedures and to verify individual bore hole grade/width calculations determined by Pele Mountain geologists for public disclosure purposes. Pele Mountain Resources Inc. contracted SRK Consulting to advance the Elliot Lake project into and through an NI 43-101 compliant pre feasibility study. On April 16, 2008 SRK Consulting carried out a site visit to the Elliot Lake project and performed a preliminary review of the QA/QC procedures that the Pele Mountain geologists have been following. SRK consultants found that the QA/QC protocols were appropriate and should be continued. Diamond drill hole PM08-91 (May 12, 2008) is a condemnation hole under the planned development area for the processing area and it marked the beginning of drilling that was directly planned under the supervision of SRK Consulting. Pele Mountain consulting geologists continue to routinely send all assay results, drill logs and related data to Scott Wilson RPA for their continued monitoring of Pele Mountain’s QA/QC procedures and to verify individual bore hole grade/width calculations, including drill holes planned by SRK Consulting (Drill hole PM08-91 and up). Under the current program there continues to be overlap of independent monitoring of the QA/QC procedures and results of the Pele Mountain drill program between Scott Wilson RPA and SRK Consulting.

46

12.0 DISCUSSION

The primary objective of the drill program is to further define the uranium mineralization in the Main Conglomerate Bed (MCB) with infill drilling. The secondary objective of this drill program is to make further mineralization discoveries with exploration drilling. In addition, the latest phase of drilling has continued to outline the location of the Nipissing Diabase dyke and identify any areas where the MCB could be thinning due to the presence of ancient topographic highs. As a result of the drilling since the completion of the Preliminary Assessment in October, 2007 (Cochrane, L.B. et al, 2007), the adit area and surrounding parts have become better defined. The drilling results have revealed a north-west trend of the uranium mineralization. The higher grade mineralization of the adit area extends north and towards the north-west of Pardee Lake. A second area of higher grade mineralization has been discovered to the east of the adit area and topographic high. The uranium mineralization follows a north-west trend consistent with paleocurrent directions noted in the Huronian sediments (Fralick, P.W. et al, 1989). The mineralization extends north-west from the area of the new discovery and passes through the area located at the east end of Pardee Lake. The uranium mineralization also extends further east away from Pardee Lake. The north shore of Pardee Lake roughly marks the present northern boundary outlined for infill drilling. It is important to note that the majority of the northern most PM drill holes of the infill drilling program yielded higher grade uranium values with grades consistent with those found in the adit area and over thicknesses of approximately 2.5m or greater. These drill holes span over 2km along an east-west direction west and east of Pardee Lake. These notable drill hole results are consistent with the north-west trend of uranium mineralization suggesting the potential for an open source of uranium mineralization down dip in a north-west direction north of Pardee Lake and are also open to the east and to the west of Pardee Lake (Figure 12-1). A possible third area of new uranium mineralization from this latest phase of drilling was revealed. A number of holes were drilled immediately north by north-west of the Adit block and north-east of the Adit block in the vicinity of Pardee and Stinson Lakes. These holes intersected approximately 100 meters of the Stinson member of the Matinenda formation before entering the Ryan member. The Stinson consists of a very fine grain, grey quartzite. The upper 10m to 15m of this member contains detrital pyritic banding associated with low grade uranium values. The drilling program also further defined the major (25m wide) Nipissing Diabase dyke (“The Dyke”) that trends almost due east and west and dips south at 60º-65º. This Dyke cuts through the MCB that bears the uranium mineralization.

47

Figure 6-1

13.0 RECOMMENDATIONS

A larger sampling of the rock through the Main Conglomerate Bed (MCB) may produce greater accuracy of assay results during duplicate studies. The scatter noted in the duplicate analysis results in figure 11.1 may reflect a variation in higher grade uranium mineralization. The larger sampling of rock can be accomplished by first requesting the assaying companies to examine a larger portion of the pulp, double the standard portion. Also, instead of quartering half of the core for duplicate assaying, send both halves of the core for examination. After employing these changes compare the results of the duplicates versus the initial assays against the results of figure 11-1 to determine if there has been an improvement. Estimates of specific gravity have come from individual rock types and from combined rock types. The results of the specific gravity studies will have an impact on resource estimations. Estimates based on a particular volume of rock can differ by 180,000 tonnes based on a 10 million tonne estimate using two different specific gravity measurements. Sampling of core for specific gravity measurements through the Main Conglomerate Bed (MCB) can produce a more accurate result of the potential mining unit for resource estimations. There is additional exploration potential to expand the MCB down-dip towards the north-west north of Pardee Lake and extending on either side of Pardee Lake. Not only has historic drilling indicated that the MCB continues, combined results from the Pele

48

Mountain drill programs have revealed north-west trends of higher grade uranium mineralization consistent with north-west trends of paleocurrent directions noted in the Huronian sediments. Drilling in this area and direction can potentially lead to intercepts of higher uranium percent values in the MCB as well as intercept the uranium mineralization in the Stinson that is located above the MCB. In addition, by following the north-west mineralization trend in the MCB the drilling would lead into an area that contains the basal conglomerate bed (BCB). The BCB has additional exploration potential since previous intercepts have revealed uranium percent values similar to those found in the MCB of the adit area, the drill hole results of the BCB have also shown notable gold values (Cochrane, L.B. et al, 2007). Therefore, drill holes located north-west of Pardee Lake may each have three targets per hole; the Stinson uranium mineralization, the MCB uranium mineralization and the BCB mineralization. An additional important note; the drilling program also further defined the major (25m wide) Nipissing Diabase dyke that trends east west through the deposit. A continued drilling infill program would further define The Dyke. This would be necessary to the west through the Canyon Lake fault and towards the east to delineate the extent and influence of The Dyke on the MCB, it will also provide necessary structural information.

49

1.0 REFERENCES

Bennett, G., 1981. The Huronian between Sault Ste. Marie and Thessalon: Field Excursion Guide, 27th Annual Meeting, Institute on Lake Superior Geology, pg 42. Condie, K.C., 1989. Plate tectonics and crustal evolution, 3rd ed.; Pergamon Press, New York, New York, pg 476. Bennett, G., Dressler, B.O. and Robertson, J.A., 1991. The Huronian Supergroup and Associated Intrusive Rocks; in Geology of Ontario, Ontario Geological Survey, Special Volume 4, Part 1, pg 553, 554, 562, 563, 577, 580. Sebastien Berneir, SRK, pers comm.., July, 2008. Internal Meeting. Cambray, F.W., 1978. Plate tectonics as a model for the environment of deposition and deformation of early Proterozoic (Precambrian) of northern Michigan; in Abstracts with Programs, Geological Society of America, v.10, no.7, pg 376. rue, D.K., 1983. Early Proterozoic tectonics of the Lake Superior region: tectonostratigraphic terranes near the purported collision zone; Geological Society of America, Memoir 160, pg 141 Card, K.D., 1978. Geology of the Sudbury-Manitoulin area, districts of Sudbury and Manitoulin; Ontario Geological Survey, Report 166, pg 238. Corfu, F. and Andrews, A. 1986. A U-Pb age for mineralized Nipissing diabase, Gowganda, Ontario; Canadian Journal of Earth Sciences, v.23, pg107-12. Cochrane, L.B., Hwozdyk, L.R. and Hayden, A.S., October, 2007. Preliminary Assessment On The Elliot Lake Project, Ontario, Canada. Prepared For Pele Mountain Resources Inc. Fralick, P.W. and Miall, A.D., 1989. Sedimentology of the lower Huronian Supergroup (early Proterozoic), Elliot Lake area, Ontario, Canada; Sedimentary Geology, v.63, p.127-153. Frarey, M.J., 1977. Geology of the Huronian belt between Sault Ste. Marie and Blind River, Ontario; Geological Survey of Canada, Memoir 383, pg 87. Hoffman, P.F., 1989. Precambrian geology and tectonic history of North America, Chapter 16; in The Geology of North America-An Overview, Geological Society of America Bulletin, v.110, pg 447-512. Jolly, W.T., 1987. Lithophile elements in Huronian low-Ti continental tholeiites from Canada and evoloution of the Precambrian mantle; Earth and Planetary Science Letters, v.85, pg 401-15. Krogh, T.E., Davis, D.W. and Corfu, F., 1984. Precise U-Pb zircon and baddeleyite ages for the Sudbury area; in The Geology and Ore Deposits of the Sudbury Structure, Ontario Geological Survey, Special Volume 1, pg 431-446. McDowell, J.P., 1957. The sedimentary petrology of the Mississagi quartzite in the Blind River area; Ontario Department of Mines, Geological Circular 6, pg 31.

50

Pienaar, P.J., 1963. Stratigraphy, petrography and genesis of the Elliot Group, Blind River, Ontario, including the uraniferous conglomerate; Geological Survey of Canada, Bulletin 83, pg 140. Robertson, J.A., 1961. Geology of Townships 143 and 144; Ontario Department of Mines, Geological Report 4. Robertson, J.A., 1962. Geology of Townships 137 and 138. Ontario Department of Mines, Geological Report No. 10. Robertson, J.A., 1968. Geology of Township 149 and Township 150, District of Algoma; Ontario Department of Mines, Geological Report 57, pg 162. Robertson, J.A., 1986. Huronian geology and the Blind River (Elliot Lake) uranium deposits, 7-31, the Pronto Mine; in Uranium Deposits of Canada, Canadian Institute of Mining and Metallurgy, Special Paper 33, pg 36-43. Roscoe, S.M. and Steacy, H.R., 1958. On the Geology and Radioactive Deposits of Blind River Region; Proc. 2nd United Nations Conference on Peaceful Uses of Atomic Energy, Paper 222. Roscoe, S.M., 1969. Huronian rocks and uraniferous conglomerates; Geological Survey of Canada, Paper 68-40, pg 205. Roscoe, S.M., 1981. Temporal and other factors affecting deposition of uraniferous conglomerates; in Genesis of Uranium- and Gold-Bearing Precambrian Quartz-Pebble Conglomerates; United States Geological Survey, Professional Paper 1161-A-BB, pg. W1-7. Sims, P.K., Card, K.D., Morey, G.B. and Peterman, Z.E., 1980. The Great Lakes Tectonic Zone: a major crustal structure in central North America; Geological Society of America Bulletin, v.91, pg 690-8. Smethurst, M.T., Enright, P.R., November, 2008. Assessment and Activities Report: Pele Mountain Resources Inc. Drilling Campaign, Elliot Lake, October 18, 2007 to June 19, 2008. Prepared For Pele Mountain Resources Inc Sprague, D., 1965. Geology and Ore Reserves, Block ‘L’, 41 J-7 & 8, 1964. Hand written report contained in the MNDM offices at Sault Ste. Marie. Theis, N.J., 1979. Uranium-bearing and associated minerals in their geochemical and sedimentological context, Elliot Lake Ontario. Geological Survey of Canada, Bulletin 304 Zolnai, A.I., Price, R.A. and Helmstaedt, H., 1984. Regional cross-section of the Southern Province adjacent to Lake Huron, Ontario: implications for the tectonic significance of the Murray fault zone; Canadian Journal of Earth Sciences, v.21, pg 447-56.

51

.

Appendix “A”

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, .

Quality Analysis ... Innovative Technologies

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2CG Canada

ATTN: AI Shefsky

Date Submitted: 09-Jul-08

Invoice No.: A08-3943

Invoice Date: 16-Jul-08

Your Reference: Elliot Lake

CERTIFICATE OF ANALYSIS

26 Rock samples were submitted for analysis.

The following analytical package was requested: Code 5D-U-Total ONC

REPORT AOB-3943

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it wlll be discarded within 90 days of this report. OUf liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysIs.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY:

Elitsa' Hrischeva, Ph.D.

Quality Control

1335 Sandhill Drive, Ancaster. Ontario Canada 19G 4V5 TELEPHONE +1.905.648.9611 or +1 .888.228.5227 FAX +1 .905.648.9613

E-MAIL aneaster@act1absinlcom ACTlABS GROUP WEBSITE hltp:llvlWW.acUabslnlccm

Activation Laboratories Ltd. Report: A08~3943

nalyto Symbol u Mus::

nit Symbol ppm

Lltoction Umit 0.1

rlalysis Mothod ONe oNe

022.'17 164 1.066

02278 41.6 1.006

02279 34.1 1,013

022.80 8.1 1.017

022.81 f)S9 1.008

02282 184 1.020

02283 770 1.037

02284 431 1.063

02265 593 1.079

02288 80a 1.049

02287 313 1.053

02288 151 1.043

02289 1690 1.020

02290 1450 1.034

02291 240 1.026

02292 512 1.071

02293 2119 1.079

02294 1710 1.022

02295 1510 1.019

02296 43.9 1.053

02297 10.7 1.097

02298 115 1.011

022911 31..2 1.028

02:300 513 1.049

02301 667 1.033

02302 122 1.006

Page 2 of3

Activation Laboratories Ltd. Report: A08-3943 Analyto Symbol u MGS:l

UnltSlImbol ppm

Dotoction Umit 0.1

Analysis Mothod ONe ONe

OW7 164 1.01l8

oWe 41.11 1.006

02279 34.1 1.013

02260 fI.1 1.017

02261 859 1.066

(12202 104 1.02D

02263 770 1.037

02284 431 1.083

0228S 593 1.079

022116 606 1.040

02287 313 1.053

02Z61l 181 1.043

02201:1 10DD 1.020

OWO 1450 1.034

02291 240 1.028

02292 572 1.071

02293 299 1.079

02294 1710 1.022

0229S 1570 1.019

0229B 43.11 1.053

02297 10.7 1.097

02298 115 1.tl11

02299 312 1.026

02300 513 1.049

02301 Ga7 1.033

02302 122 1.Doa

Page 2 of3

Quality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Innovative Technologies

Date Submitted: 02-Sep-08

Invoice No.: A08-5740

Invoice Date: 14-0ct-08

Your Reference: ELLIOT LAKE PM 135

CERTIFICATE OF ANALYSIS

29 Rock samples were submitted for analysis.

The following analytical packages were requested: Code Specific Gravity Pulp Code 5D·U-Totat ONC

REPORT . A08-S740 Code Specific Gravity Core - Core

This report may be reproduced withQut our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY:

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive, Ancaslsr, Ontario Canada L9G 4VS TELEPHONE +1.905.648.9611 or +1 .888.228.5227 FAX +1.905.648.9613

E-I'M1l ancasler@act1absinlcom ACTLABS GROUP IiVEBSITE http://www.actlabsint.com

Activation Laboratories Ltd. Report: AOB-5740 Analyta Symbol u Mass Spoc Grnv Spot'

Groveorn

I Unit Symbol ppm

Dotoctlon Umit 0.1 0,01 0.01

nalysis Mothod ONe ONe GRAV GRAV

026S7 ~.4 1.017

02658 138 1.070

02659 11.6 1.073 2.a1 2.66

02660 586 1.017

02661 66.1 1.055

02862 3110 1.031

02£l83 23.5 1.062

02864 3.1 1.091

02865 117 1.084

02686 65.8 1.052

02es? 16.0 1.034

02866 76.5 1.006

02669 IlS.1I 1.058

02670 129 1.039

02871 232 1.066

02672 6.1 1.08'

028n 373 1.023

02674 420 1.032 2.70 2.87

0267S 844 1.0n

02676 806 1.051

02cn 145 1.0711

02676 29.6 1.090

02879 76.7 1.0n

02560 618 1.1)49

02681 426 1.083

02002 11.3 1.050

02663 16.1 1.060

Ci26M 3.1 1.085

O.26l!S 115 1.07(1

Page 2 of3

Quality Control

Analyto Symbol

Un[tSymbol

Dotoctron Umlt

OH·1nMoo:;

OH-1I1Cort

OK-1I1Mo""

OH-1I1Cort

SY-'lMollS

SV-2Cllrt

SV·2Mo/lS

SY·2Cort

8L-4IIMens

Bl.-411 eort

BL-4nMollll

8L-4IICort

02084 Olig

02684 Spilt

Method Blank Molhod Blank Method Blank Mothod Blank

u ppm

0.1

ONe

2610

2630

2OS0

2630

'las

2tI4 283

284

1250

1250 1270

1250

3.1

:l.0

< 0.1

0.01

ONe GRAV

1.0es 1.079

1.000

<0.01

Activation Laboratories Ltd. Report: AD 8-5740

Page 3 of3

" . . '

( Quality Analysis ...

Pele Mountain

2200 Young Street, Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Mark Smethurst

Innovative Technologies

Date Submitted: 23-Sep-08

Invoice No.: A08-6475

Invoice Date: 17-0ct-08

Your Reference: ELLIOT LAKE 144

CERTIFICA TE OF ANALYSIS

26 Rock samples were submitted for analysis.

The following analytical packages were requested: Code Specific Gravity Core - Core Code Specific Gravity Pulp

REPORT A08-6475 Code 5D-U-TotaJ DNC

ThIs report may be reproduced without our consent. If only selected portions of the report are reproduced, permissIon must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded withIn 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Driva, Ancas{er. Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9511 or +1.888.228.5227 FAX +1.005.648.9613

E-MAIl ancasler@acllabslnlcom ACTl.ABS GROUP INEBSITE http://lWM'.acUabsintcom

Activation Laboratories Ltd. Report: A08-6475 AnalytO Symbol U Mass SpooGrov Spoc

GrovCoro

Unit Symbol ppm

Dutoction LImit 0.1 0.01 0.01

Analysis Method DNC DNC GRAV GRAV

030158 99.1 1.041

03069 62.S 1.032

03070 21.0 1.070

03071 19.5 1.050

03072 152 1.021

03073 26.3 1.089

03074 380 1.063

03075 21.6 1.076

03076 162 1.064

030n 06.4 1.069 2.66 2.n 03078 91.5 1.034

03079 115 1.040

03080 405 1.040

03081 429 1.084

03062 329 1.029

03083 198 1.073

03084 611 1.023 2.90 3.10

03065 429 1.059

0306ll 085 1.062

03087 20.3 1.098

03088 64.2 1.040

030S9 3.9 1.071

03090 S2S 1.055

03142 3.0 1.058

03143 3.1 1.026

03144 31.9 1.054

Page 2 of3

Quality Control

Analyto Symbol

Unit Symbol

Dotection Limit

Analysis Mothod

DH-1nMo[):;

DH-111 Cort DH-1a MoIlS DH.1aCort

SY·ZMellS SY·2Cort SY·2MQQS

SY-2 Cort Bl.,-4lIMoQ.!; BL-4lICorl BL-4nMoa:;

BL-4oCort 031440rlg

03144 Split

Method Blank MathQ[j 811lnk Matnod Siank Method Bl.onk

u ppm

0.1

ONe

21lS0

21530

2840

2B30

Wel

284

281l

284

12711 1250

1250

1250 31.9

30.0

<0.1

Mass SPOil GIllV

0.01

ONe GRAV

1.054

1.054

1.000

<0.01

Activation Laboratories Ltd. Report: A08-6475 . .:;

Page 3 of3

Quality Analysis ... Innovative Technologies

Date Submitted: 22-Aug-08

Invoice No.: A08-5428

Invoice Date: 14-0ct-08

Your Reference: Elliot Lake

Pele Mountain

2200 Young Street, Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Mark Smethurst

CERTIFICATE OF ANALYSIS

43 Rock samples were submitted for analysis.

The following analytical packages were requested: Code SpecifiC Gravity Pulp Code SO-U-Total DNC

REPORT A08-S428 Code Specific Gravity Core - Core

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report, Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive, Ancaster, Ontario Canada L9G 4V5 TELEPHONE +1 ,905.64B.9611 Of

+1.888.228.5227 FAX +1.905.648.9013 E-MAIL ane:aster@acUabs!nlcom ACTlABS GROUP INEBS1TE http://..w.-.v.actJabsinlcom

Activation Laboratories Ltd. Report: A08-5428 Analyto Symbol u MilS:; Spoc Grav Spoc

GllIvCorn

Unit Symbol ppm

Dotoction Urn!t 0.1 0.01 0.01

Analysis Mothod ONe ONe GRAV GRAV

02439 126 1.014

02440 120 1.064

02441 48.0 1.039

02442 2.72 1.030

02443 1B.1 1.00B

02444 53.2 1.027

02445 27.0 1.005

02446 31.5 1.015

02447 04.1 1.073

02448 78.7 1.020

02449 20.8 '.037

02450 41.2 1.008

02451 103 1.046

02452 73.4 1.062.

02453 12.5 1.C57

02454 42.0 1.010

02455 1M 1.04$

02.456 12.6 1.076

02457 30,2 1.046

02456 36.0 1.050

02459 :14.9 1.026

02460 557 1.012

02461 30.0 1.042

02402 94.4 1.083 2.67 2.76

02463 2B.2 1.089

02.484 2e.5 1.030

02485 Z94 1.073

02466 26.1 1.084

02.487 780 1.090

02466 200 1.064

OZ<Ul9 226 1.032

02470 '1.2..1 1.012

02471 Sa1 1.062

02472 S23 1.061

OZ473 S26 1.066 2.B2 2.93

02474 1640 1.015

02475 1110 1.C46

02476 315 1.059

02477 711.8 1.094

02478 23S 1.013

02479 0.9 1.0B2

O2<UlO 1970 1.045

02481 513 1.042

Page 2 of3

Quality Control

Analytc Symbol

Unit Symbol

Dotectlon Umit Analysis Mothod

DH-1nMollS

DH-1uCort

OH.1oMaos

DH-1oCort

SY-2MoQ:!

SY-2Corl

SY-2MoD$

SY-2Cort

BL-4n Mens

BL-4nCort

aL-4n Moos

BL-4n Colt

0246I!Orig

02468SpUt

024800rlg 02480 Spnt

Moll'lod Siank Moll'lod BlMk

MDthod Blllok Molhod Blank

U

ppm

0.1

ONe

2630

2630

2500

2630

2ll2.

2M 280

2114 1Z70 1250

iZ70

1250

200

ZOO

1970

1990

<0.1

Mtl!lS Spec Groll

0.01

ONe GRAV

1.084

1.OG2 1.045

1.033

1.000

< 0.01

Activation Laboratories Ltd. Report: A08-5428

Page 30f3

Po '

" .

Quality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shafsky

Innovative Technologies

Date Submitted: 28-Aug-OB

Invoice No.: A08-5640

Invoice Date: 26-0ct-OB

Your Reference: PM 132112711331134

CERTIFICATE OF ANALYSIS

119 Rock samples were submitted for analysis.

The following analytical packages were requested: Code 4B2-Std (1-10) Trace Elements Fusion ICP/MS(WRA4B2) Code Specific Gravity Pulp

REPORT Code Specific Gravity Core - Core Code 5D-U-Total ONC Code 4B2-Std (11+) Trace Elements Fusion ICP/MS(WRA4B2)

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report, Our liability Is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

Notes: We recommend using option 4B1 for accurate levels of the base metals Cu, Pb, Zn, Ni and Ag, Option 4B-INAA for As, Sb, high W>100ppm, Cr >1000ppm and Sn >50ppm by Code 50. Values for these elements provided by Fusion ICP/MS, are order of magnitude only and are provided for general information. Mineralized samples should have the Quant option selected or request assays for values which exceed the range of optlon 4B1,

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive. Aneasler, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9011 or +1 .668.228.5227 FAX +1.905.648.9613

E .. MAlL ancasler@aclJabsinlcom ACTlABS GROUP WEBSITE hUp:Ifw,'tW.actJabsinlcom

lAnalyto Symbol Unit Symbol

Dotoction Umit Analysis Mothod

02499

02500

02501

02502

02503

02504

025DS

02506

02507

0250a

02509

02510

02511

02512

02513

02514

02515

02516

02517

02518

02519

02520

02521

02522

02523

02524

02525

02526

02527

02528

025Z9

02530

02531

02532

02533

02534

02535

02536

02537

02536

02539

02540

02541

02542

Il254$

02544

02545

0254E1

02547

02548

02549

02550

v Cr

ppm ppm

5 20

FU8-MS FUS-MS

CQ NI Cu Zo

ppm ppm ppm ppm

1 20 10 30

FUS-MS FU8-MS FUs-MS FUs-MS

Activation Laboratories Ltd. Gu Go As Rb Sr y

ppm ppm ppm ppm ppm ppm

1 1 5 2 2 1

FU8-MS FUs-MS FU8-MS FU8-MS FU8-MS FUs-MS

Page 2of9

Report: A08-5640 zr Nb Mo Ag In Sn Sb Cs Sa L.u Co Pr

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

5 1 Z 0.5 0.2. 1 0.5 0.5 3 0.1 0.1 0.n5

FUs-MS FU8-MS FUs-MS FUs-MS FUs-MS FUs-MS FUs-MS FUs-MS FU8-MS FU&-MS FUs-MS FUs-MS

Analytcr Symbol

Unit Symbol Detection Umlt Analysis Mothod

D2.551

02.552

02553

02614

02615

02816

02517

02$54

02S55

02556

D2S57

02.551l

02.559

02560

02561

02562

02563

02564

02565

02566

02567

C2S66

02569

02S70

02571

02S72

02573

02574

02575

02578

02577

02576

02579

02S80

02581

02562

025~

02584

02SB5

02586

02587

02588

02589

0259D

02591

02592

02593

02594

025Q5

025IlEl

02597

02598

V

ppm

5

FUS-MS

14

207

264

ag7

Cr

ppm

20

FUS-MS

<20

12D

70

40

Co

ppm

1

FUS-MS

60

179

gO

23

NI

ppm

20

FUS-MS

30

60

<20

<20

Cu

ppm

10

FUs-MS

4tl

570

730

90

Zn

ppm

30

FUS-MS

c 30

40

70

70

Activation Laboratories Ltd. Go

ppm

1

FUS-MS

10

35

36

4A

Go

ppm

1

FUS-MS

<1

2

2

A:J,

ppm

S

Fus.MS

6

70

51

Rb

ppm

2

FUS-MS

611

177

164

2S4

Sr

ppm

2

FUS-MS

10

30

36

34

Y

ppm

1

FUS-MS

Page 30f9

Report: :zr Nb

ppm ppm

1> 1

FUS-MS FUS-MS

Ill)

4A9

900

451

21

27

29

A08-5640 Mo All' In Sn

ppm ppm ppm ppm

2 O.S 02 1

FUS-MS FUS-MS FUS-MS FUS-MS

2 <: 0,5 <0.2- <1

<: O.S <0.2- <1

< 0.5 <0.2- <1

<2 < 0.5 <0..2 <1

Sb Os Sa IJl Co Pr

ppm ppm ppm ppm ppm ppm ". 0.5 0.5 ;, 0.1 C.1 0.05

FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS

<0.5 1..2 310 1U 22.4 2..2.7

3,3 2.1 002 33B 657 76.7

< 0.5 2.2- 971 367 700 98.6

< 0.5 2.3 1250 334 7Z5 90.6

Analyto Symbol UnltSymbol Dot()ction Umlt

AnalysIs Method

02S1l1l

02600

02601

02602

02eo~

02604

02605

02609

02607

02608

02601}

02610

02611

02612

02913

v ppm

5

FU5-MS

340

30

30

Or

ppm

20

FUS-MS

60

40

~o

Co

ppm

1

FUs.-MS

'1 23

4

NI

ppm

20

FV5-MS

20

<20

<20

Cu

ppm

10

FUS-MS

30

.co 10

Zn

ppm

JlI

FUs-MS

00

30

110

Activation Laboratories Ltd. Gil

ppm

1

FUs-MS

15

16

11

Go

ppm

1

FUS.MS

<1

2

<1

As

ppm

S

FUs-MS

<5

39

<5

R.b

ppm

2

FU5-MS

12

129

241

Sr

ppm

2

FUS-MS

260

35

43

Y

ppm

1

FUS.MS

13

126

14

Page 4 of 9

Report: Zr

ppm

5

FUS-MS

237

242

12.6

ND

ppm

1

FUs-MS

1!8

11

Mo

ppm

2

FUS-MS

z

<2

Ag

ppm

D.S

FUs-MS

<0.5

<0.5

<0.5

11'1

ppm

0.2

FUS.MS

<0..2

1..2

<0.2

Sn

ppm

1

FUS.MS

<1

<1

<1

Sb

ppm

D.5

FUS-MS

2.7

0.7

<0.5

Os

ppm

D.S

FUS.MS

<0.5

1.4

2.4

BII

IlfIm

3

FUs-MS

202

367

653

L..n

ppm

0.1

FUS-MS

24.1

605

39.0

Co

ppm

0.1

FUS-MS

41l.3

1150

64.7

Pr

pJ;lm

0.05

FUS-MS

4.59

115

6.14

"-

Anruyto Symbol

Unit Symbol

Dotcctlon Umit

Analysis Mothod

024!l9

02500

02501

D25D2

02503

02504

02505

02S06

02507

02508

02509

02510

02511

02512

02513

02514

02515

02516

02517

02518

02519

02520

02521

oZ522

02S23

02524

02525

02526

02527

02528

025211

02530

02531

02532

02533

02534

02535

02535

02537

02538

02539

02540

02541

02542

02543

02544

02545

02S4B

02547

02546

02549

Nd

ppm

0.1

FUS-MS

Sm Eu

ppm ppm

0.1 0.05

FUS-MS FUS-MS

Gd Tb Oy

ppm ppm ppm

0.1 0.1 0.1

FUS-MS FUSoMS FUS-MS

~

I

Activation Laboratories Ltd. Ho Er Tm Vb Lu Hf

ppm ppm ppm ppm ppm ppm

0.1 0.1 0.05 0.1 0.04 0.2

FUs-MS FUS-MS FUs-MS FUS-MS FUS-MS FUS-MS

Page 5 of 9

Report: A08-5640 To W TI Pb BI Th

ppm ppm ppm ppm ppm ppm

0.1 1 0.1 5 0.4 0.1

FUS-MS FUs-MS FUS-MS FUs-MS FU$-MS FUs-MS

U

ppm

0.1

FUS-MS

u

ppm

0.1

ONe

309

2B.O

090

00.0

1280

144

Z32

51.5

667

234-

30a

487

981

152

1290

146

148

148

437

23S

454

204

73.5

077

2.8

991

6.4

22.7

172

6.4

255

171

44.2

130

360

23.0

252

28.1

19.3

761

643

011

542

017

3.9

979

200

881

233

120

92.9

'.

MII$ Spec GIllV Spoc Au

ONe

1.009

1.073

1.018

1.097

1.052

1.060

1.098

1.063

1.C41

1.051

1.026

1.000

1.097

1.029

1.045

1.029

1.051

1.000

1.031

1,041

1.046

1.082

1.053

1.010

1.070

1.057

1.010

1.0513

1.034

1.086

1.050

1.023

1.013

1.004

1.036

1.018

1.057

1.071

1.094

1,094

1.D52

1,016

1.044

1.042

1.087

1.055

1,093

1.009

1.0oa

1.032

1.071

GlllVCoro

ppb

0.01 0.01

GRAV GRAV FA·AA

2.64 < 0,01

2.77 < 0.01

Analyto Symbol

Unit Symbol

Dotectlon Umit Analys\$ Mothod

0255(1

02551

02552

025.53

02614

02!l1S

02616

02617

02554

025SS

02555

02557

02558

02559

02550

02581

02552

02553

02564

025BS

02558

02567

02568

02SGIl

02570

02571

02572

02573

02574

02575

0257<1

025Tl

02578

02579

02580

02581

02562

aZSB3

02S84

02585

02588

02581

OZS88

02589

02590

02591

OZS02

02593

02504

02595

02590

Nd

ppm

0.1

fUS-MS

7.8

2G4

374

303

Sm Eu

ppm ppm

0.1 0.05

FUS-MS FUS-MS

1,7 0.43

55.6 11.3

93.2 22.8

63.4 11.7

Gd Tb Dy

ppm ppm ppm

0.1 0.1 0.1

FUS-MS FUS-MS FUS-MS

1.11 0,) 1.8

3<1.1 4.1 16.9

88.7 15.6 91.1

37.9 4.7 21.S

Activation Laboratories Ltd. HD Er Tm Vb Lu Hr

ppm ppm ppm ppm ppm ppm

0.1 0.1 0.05 0.1 1l.O4 0.2

FUs-MS FUS-MS FUS-MS FUS-MS FU5-MS FUS-MS

0.3 0.9 0.12 0.7 1).09 2.1

3.1 8.1 1.0e 6.4 0.81 12.3

16.0 36.9 424 21.9 2.71 24.1

';1;.7 9.8 128 7.5 1.03 1U

Page 6 of9

Report: A08-5640 To W 11 Pb Bl Th U U Moss spoc Grnv Spoc Au

GnlvCoro

ppm ppm ppm ppm ppm ppm ppm ppm ppb

0.1 1 0.1 :; 0.4 0.1 0.1 0.1 0.01 0.D1 5

FUS-MS FUS-MS FUS-MS FUs-MS FU6-MS FUS-MS FUS-MS DNe ONe GRAV GRAV FA-AA!

305 1.069

111 1JI73 .2.76 0.16

657 1.090

8.2 1.034

0.11 .2 1.0 13 1.5 2:J.O 23.2 24.4 1.031 <5

.2.8 7 22.2 230 302 113 480 502 1.026 32-

3.4 12 10.1 261 8.4 617 >1000 2840 1.041 23

.2.1 0.5 <0.4 20.1 2111 303 1.045 <5

169 1.047

(lO.S 1.035

200 1.037

114 1.041

147 1.1>48

161 1.074

160 1.070

02.4 1.0111

294 1.054

782 1.045

331 1.D.24

48lI 1.015 2.75 0.21

1116 1.010

214 1.fl59

648 1.090

16.9 1.051

211 1.034

15.7 1.O'J.1

10.7 1.076

16.1 1.001

0.5 1.021l

9.2 1.0n

11.4 1.036

2:1.4 1.022

16.3 1.033

58.9 1.021

1E1.0 Ul32

463 1.049

4.4 1.060

090 1.055

129 1.045

36.9 1.064

293 1.076

25.2 1.086

318 1.035

71.3 1.079

72.0 1.065

202 1.081

6l!.B 1.048

211 1.041

591 1.053

18.3 1.035

214 1.015

'\

Activation Laboratories Ltd. Report: A08-5640 f,n.alyto Symbol Nd Sm Eu Gd Tb Oy HD Er Tm Vb Lu Hr Til W " Pb Bi TIl U U MIl$S SpOQGI'II\f Spec Au

GrnvCoro

Unit Symbol ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppb

Dotoction l.lmit 0.1 0.1 0.05 0.1 0.1 0.1 0.1 0.1 0.0$ 0.1 0.04 0.2 0.1 1 0.1 5 0.4 0.1 0.1 0.1 0.01 0.01

Analysis Method FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUs-MS FUS.MS FUs.MS FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS ONe ONe GAAV GAAV F,.,.M

OZS97 317 1.022

ozsea 67.4 1.032

OZS99 377 1.072

02600 1M 1.061

02601 20:!. 1.077

02602 62B 1.C57 2..74 <: 0.01

02603 377 1.004

02504 690 1.04a

02605 36.4 1.038

02606 109 1.083

02807 50.S 1.070

02608 0.6 1.01)4

02809 80S 1.048

02610 2..$ 1.087

02611 14.1 2..7 0.$8 2..4 0.4 2..3 0.5 1.4 0.21 1.3 0.111 4.3 0.8 <1 02 624 2..2 8.1 470 S34 1.020

02612 342. ea.7 4.10 42.2 5.7 28.8 4.9 12..9 1.73 UI 1.2.4 6.9 24.6 0.9 3SS 151 567 IlOS no 1.060

02613 18.11 3.6 0.41 2..9 0.5 2..7 0.5 1.5 0,23 1.4 0.111 3,S 1.7 Z 1.5 48 3.5 37.4 852. 92.3 1.Q53

Page 7 of9

Quality Control

AnaJyto Symbol

Unit Symbol

Dotoction Umit Analysis Mothod

GXR-1 Moo~

GXR-l cort

WMG-1 Moa:.I

WMG-1Cort

011·10 MOil!:

OK-1a Cort

DH-1aMolIS

DH-1a Coo

GXR-2.Molls

GXR-2Cort

LKSD-3MollS

LKSD-~Corl

MAG-l (OoplolOO) MoIlS

MAG-1 (001'10100) Cort.

SY·2MIlIl~

SY·2Corl SY.2MolIS

SY·2 Can

W-2lIMoas

W-20Cort

BI.-4.il MOllS

BL--4IlCort

BL-4IlMoas.

BL--4I1Cort

CTA-AC-1 MOil!! CTA-AC-l Cort

BIR.1oMons

BIR-'IICcrt

CDN-Gs-3D MOM

CDN-GS-3D Cort

0252.8 OriB 0252.8 Spill

026150rlg

132615 Dup

132617 Orlg

026170up

025540rJg

02554 Spill

025840rlo

02S84SpUt

02602011g

0260l0up 0213130rlg

OZ613$plll

Method Blank Mothod Blank

Mothod Brank Method Blank Mothod Blonk Mothod BlIlnk

Activation Laboratories Ltd. Report: AOS--5S40

v Cr NI Cu Zn Ga Go

~ ~ ~ ~ ~ ~ ~ ~ ~

s ZO 1 20 10 30 1 S

FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS

PO tlo.o 174 149

53

52..0

76

1ll.0

132

140

2M

262

106

104

148

~13

205

210

3D

29 <5

<213

12,0 8113

770

30

36.0

110 67.0

913

97.0

1113

92..0

120

1213

30

30

<20

8.20

201

200

8.60

27

30.0

2.0

20.4

44

43.0

2. 2.72

57

51.4

107 2S0

<1

40 41.0

2870

2700

<20

21.0

40 47.0

30

53.0

50

70.0

270

1136

30

90

<2.0

<20 <;20

1110

1110

5910

5900

eo 76,0

30

35.13

20

30.0

110

110

50

54.0 100

126

4SO 700

10

10

<10

270

760 170 110

710

530 17Q

152 140

130

14tl

80.0

SO

38.0

100

71.0

41)

40

ao 80

<30

115

13,11

10

10.3

30 37.0

21

20.4

16

17.0

14

16.0

34

35

17 17

<1

2 1.00

1

1.50

2 2

<1 <1

<1

426

427 13

7.00

26

25.0

39

27.0

14

9.20

<5 120

<5

0.440

03 77

<5 <5

<5

Rb Sr y Zr Nb MD Ag In Sn Sb Sn CD Pr

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

2 2 5 1 0.5 9.2 1 0.5 0.5 3 0.1 13.1 O.OS

FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS FUs-MS FUS-MS FUs-MS FUS-MS FUs-MS FUS-MS FUS-MS FUS-MS FUs-MS FUS-MS

4

14.0

83

76.0

78 76.0

147

149

2,1

21.0

0.250

1711 177

247 242

<2

202

Zl5

31l

41.0

150

160

243 240

130

146

190

1110

138

106

3D

31

Page 8 of9

32

32..0

1S

12.0

18

17.0

31

30.0 2(;

ze.O

22

24.0

330 272

18

16.0

73

73

14

14

<1

2S 3!l.a

65

43.0

2114

2.BII 1DO

176

120

126

es 94.0

39

10.0

126

126

<5

2

0.600

6.00

10

11.0

6.00

13

12.0

7.90

2. 0.1300

20 21

11

11

<1

18

18.0

<2

1.40

22.2

31.0

6.3

2.70

<2. 33.2

2..10 17.0 <2 1.S

2..00 2.70

<2 <0.5

1.00 o.eeao

<2 1.7 0.600 0.0460

< 2 < 0.5

13.5013 0.0360

4

<2 <2 <2

< O.S

1.3

<0.5

<0.5

<.0.5

0.8

0.710

<0.2 0.25.2

<0.2

0.160

<0.2

<0.2

<0,2

<'0.2 <0.2

54

54.D

2 2...20

1.70

2

3.00

:.1.00

2 0.650

<1

<1

<1

<1

< 1

122 122 S.1l

1.BO

43.8

49.0

2.0

1.30

U o.MO

3.1

0.7110

2.7

3.00

<0.5

0.480

5.6

5.20

2..3

2..30

8.4

a.ao

1.0

0.1)90

.2.3 < 0.5 0.500 0.00500

2..1

4.5

<0.5 0.9

<0.5

2.1 2.1

2..4

2..5

<0.5

693

750

113

114

2050

2240 1050

600

4G4

479

170 182

8.2

7.50

8.4

8.20

2.B.O

25.8

48.9

52.0

41.0

43.0

11.6

10.0

15.0

17.0

17.7

16.0

53,S

51.4 1l2.6 00.0

83.4

aM

25.3

ZUl

857 )0 2000 > 3000

767 2178 332C1

100

7.00

850

875

CIS3

650 <3

3.7

O.CI2O

332

34S

39.0

38,7

< 0.1

B.2

1.Il5

6044

070

10GB 0.380

77.0

80.3

64.7' 6.14

64.1 6.05

< 0.1 <: 0.05

Quality Control

IAnalyte Symbol

Unit Symbol

'IDotoctiOn Umit ,Analysis Mothod

GXR·1 Mooo. GXR-1 Corl

WMG-1 MoIlS WMG-1 Cort

DH-1oMollS

DH-1oCort

DH-1QMoos

DH-1Q Cort

GXR-2Moos G){R-2Cort

L/(SD-3 MillIS

LKS04Corl

MAG-I (DOplolcd) MoIlS MAG-1 (Doplolcd) Cort

SY.2MolIS

SY.20ort

SY·2Mo!15 SY·20ort W·2DMoll5

W-20Corl

BL-4l:J MoIlS

BL-4o Corl

BL.-4l:JMoos

BL-4l:JCort

CTA-AC-1 MullS

CTA-AC-1 Cart

BIR·1ll MOllS

BIR-111 Cort

CDN-Gs.:IO MOilS

CDN-Gs.3D Cort

025280rlg

025288plll 0281S0rlg

02S1SDup

02a17 Orlg

02617 Dup

025540r19

02554 Split

02.584 Drill

OZSS4Split

026020ng

026OZ0up

0261~Orig

02613 Split

Molhod Blank. Mothod BIook Mothod Blank Mothod Blank Molhod Blank. Mothod Blonk

Activation Laboratories Ltd. Report: A08-5640

Nd Sm Gd Th Dy He Et Tm Vb H! To W TI Pb BI TIl u ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm Dpm ppm ppm ppm ppm ppm

1),1 0.1 O.OS 0.1 0.1 0,1 0.1 0.1 0.05 0.1 0.04 0.2 0.1 1 0.1 S 0.4 0.1 0.1

FU~S FUS.MS FUS.MS FU~S fUS-MS FUs.MS FU~ FUS.MS FU~ FUS.MS FUS.MS FUS.MS FU~S FUS-MS FUS.MS FU~ FUS.MS FUs.MS FUS.MS

6.2 18.D

IUl

MD

19.1

19.0

40.4

44.0

33.4

38.0

12.5

13.0

1090

1087 4.5

2.50

2.59 269

18.8 18,4

<0.1

2.8

2.70 2.3

2.30

3,5

3.50 7,5

8.00

a.6 7.50

3.2 3.30

162 162

1.4 1.10

54.6

57.0

0.65

0.690

0.76

o.~o

0.74

0.810

1.47 1.50

1.42

1.60

1.13

1.00

49.6

46.7

MO 0.540

11.1

11.5

3.6 0.41

3.5 0.41

< 0.1 < 0.05

3.0

4.20

3.0

3.30

S.S 5.60

124

124

1.9

UlS

33.8

34.S

2.9

2.8

<0.1

0.9

a.roo 0.4

0.300

0.5

O.4aO 0.9

1.00

1.0 D.960

0.7

0.630

16.4

13.9

0.4 0.360

4Jl

4.2

0.5

O.S <0.1

S.1

4.30

2.S

2.80

3.1

3.30 5.1

4.90

5.1

5.20

3.9

3.50

2.9

2.50

18.6

19.2

2.7

2.7

<0.1

0.5

O.SOO

1.0

1.02

0.6

0.760

0.6

0.570

3.1

32

0.5

0.5

<0.1

2.7 3.00

2.3

2.50

2.0

1.70

8.0

8.2

0.42 0.430

0.23

0.200

0.30

0.300

0.42

0.430

0.3$ 0.380

0.32

0.260

1.07

1.09

1.5 0.23

1.5 0.22.

< 0.1 < 0.05

2.3

1.90 1.3

1.30

1.8 2.04

2.7

2.70

2.5

2.00

2.1

2.10

11.4

11.4

1.11

1.65

13.3

a.s

1.4

1.4

",0.1

0.31

0.280

0.19

0.210

0.27

OZlo 0.41

0.400

0.36

0.400

0.30

0.330

1.10

1.08 0.29

0260

IHIS

0.88

0.19

0.1&

<0.04

Page 9 of 9

0.7

0,960

1.7

1.:10

6.9

8.30

4.6 4.60

3.3

3.70

2.6

2.60

0.1

D.175

0.3

a.sotl

0.8

0.1100

0.6

0.700

1.1

1.10

0.5

0.500

1.4 2.7

1.13 2.65

1G4 164 <1

1.30

1

1.110 <1

2.00

1 1.40

<1

0.300

0.1

0.390

1.1

1.03

0.3

0.590

0.1

0.200

1.0 0.3 < 1 < 0.1

0.600 0.0400 0.0700 0.0100

12.4 12.1

3.5

3.5

<0.2

2.6

2.8

1.7 1.(1

<0.1 <1

23.1 21.2

1.S

1.7 <0.1

Q3

730 20

15,0

457

690 10

29.0

13 24.0

1380

1380

<0.4

0.6BO

< 0.4

0.340

13 < OA

0.:10 0.0300

2.5

2.44

1.2

1.10

8.4

6.60 10.2 11A

10.9

11.9

2.2 2.40

33.5

:14.9 0.7

0.650

2.9

2.90

4.4 4.60

2.7

2.70

0.8 0.530

23.1 4.3

21.S 4.4

2.8 0.2 0.1

3.00 O.OZOO 0.0300 0.0100

295

183

4a 60

<5

33.7

21:1.8

3.S 3.8

<0.4

113

11~

37.4-

34.4 ..: 0.1

456 465

85.2 79.6

<0.1

U

ppm

0.1

ONe

2610

2630

.2650

2.630

28.5 .204 283

2114

1250

12.50

1270

1.250

6.4

8.6

189

189

126

132

92.3

00,8

< 0.1

MIISS SpocG1'!l1t Au

DNC

U16s 1.1174

1.041

1.083

1.045 1.1l26

1.053

1.057

1.000

ppl)

0.01 S

GRAV FA-AA

2.72.

2.77

0: 0,01

>3000

3410.00

<5

<5

2 1: "0 s:: o

10000

.s:: 100 (.)

" ~ o o 0:::

10

1 . i .. _ ....

ro (J) -J U

Chart200

-~~~~

~ v

s.... '0 a. Z

,~ ~ , \~v----'-~~ ~"'~~~ . ~~x--x---x __ ~

.. L.~

E ::l w U)

.~

-'~~~=-=Q=-~'·-Q'~""~o= __ .. " .... -.--.---~ -- --------"'----_ .. *------"'----

-";A.

- ------I- --.- _c . _. ,.

'0 ..a >- 0 s.... E .0 ::l (.') I- 0 :J: w >- ....J

J-

Page 1

~f-S-~O

-.- 2611

--0-- 2612

.-- 2613

----0-- 2613 SprIt PULP DUP

' ... - .. -._-- 2614

_0 __ ,6;- 02615 (1)

..... - 02615 (2)

·_·0·· -- 2616

. __ .- x·_- 2617

- ·--·x .. · ..

( Quality Analysis ... Innovative Technologies

Date Submitted: 02-Sep-08

Invoice No.: A08-5738

Invoice Date: 27-0ct-08

Your Reference: ELLIOT LAKE PM 137

Pele Mountain

2200 Young Street, Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Mark Smethurst

CERTIFICATE OF ANALYSIS

39 Rock samples were submitted for analysis.

The following analytical packages were requested: Code SD-U-Total DNe

REPORT A08-5738 Code 4B2-Std (11+) Trace Elements Fusion ICP/MS(WRA482) Code Specific Gravity Core - Core Code Specific Gravity Pulp

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

Notes: We recommend using option 481 for accurate levels of the base metals Cu, Pb, Zn, NI and Ag. Option 4B-INAA for As, Sb, high W > 1 OOppm, Cr >1 OOOppm and Sn >50ppm by Code 5D. Values for these elements provided by Fusion ICP/MS, are order of magnitude only and are provided for general information. Mineralized samples should have the Quant option selecled or request assays for values which exceed the range of option 4B1.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Driva, Ancasler, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or +1.888.228.5227 FAX +1 .905.648.9613

E-t,WL ancaster@acUabsinlcom ACTLABS GROUP WEBSITE hltp:llwwrV.acUabsinlcom

Analyto Symbol Unit Symbol

Detection Umlt Analysis Mothod

028111

02619

02620

02621

02622

02623

02624

02625

02626

02821

02B28

021l.29

02830

02631

02632

02633

02634

02635

02B3B

02637

026311

02639

02640

02641

02642.

02643

02644

02045

02646

02647

02646

02649

1l26S0

02BS1

02652

02653

02654

02655

02656

v ppm

5

FUs.MS

111

30

39

119

138

34D

44S

Or eel ppm ppm

20 1

FUSo-MS FUSo-MS

20 24

40 20

30 111

100 9

90 86

130 15

150 15

NI Cu Zn ppm ppm ppm

20 10 30

FUS.MS FUS.MS Fus-MS

<20 eo <;30

20 60 <30

<20 eo <30

<20 50 <30

<20 020 <30

<20 220 40

<20 40 eo

Activation Laboratories Ltd. Gil Go As Rb Sr Y

ppm ppm ppm ppm ppm ppm

1 , S 2. :2 1

FUs.MS FUSo-MS FUS.MS FUS.MS FUs.MS FUS.MS

ti! <1 <5 126 46 30

18 <1 <5 156 ZIl 27

19 <1 <5 157 24 10

27 <5 Z3S 29 32

24 2 II 202 44 57

33 347 G8 53

35 <5 388 119 7S

Page 2 of5

Report: A08-5738 Zr Nb Mo Ag In Sn Stl Cs 611 WI Co Pr

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

5 1 2 0.5 02 1 0.5 0.5 3 0,1 0.1 0.05

FUs.MS FUSo-MS FUS.MS FUs-MS FUS.MS FUS.MS FUS.MS FUSo-MS FUS.MS FUS-MS FUs-MS FUs.MS

454 16 2 < 0.5 <0.2 <1 < 0.5 1.4 see 136 zsa 25.4

266 12 2. < 0.5 <0.2 <1 < O~5 1.6 616 64.0 16~ 17.2

145 <2 <0.5 <0.2 <: 1 < 0.5 1.5 sm 31.6 51.4 4.93

816 14 < O.S <0.2 <1 1.4 2.5 063 01.7 173 111.0

459 1S I> < 0.5 <0.2 <1 < 0.5 2.6 sse 122 224- 24.1

330 14 18 < O.S <0.2 <1 0,8 3.1 1BB 81.9 150 16..2

244 11 <2 < 0.5 02 <1 12 3.1 188 33.8 00.1 12.3

Analyto Symbol

UllltSymbol

Dotoction Umit Analysis Mothod

02618

026111

02620

02621

02622

02623

02624

02625

02626

02112.1

02626

02BZ1l

02630

02631

02632

02633

02634

02a:ss

02636

D2637

02638

026!l1l

02640

02641

02642

02tl43

02044

02B45

02646

02641

02B4l1

02649

02650

02651

02652

02653

02654

02655

02656

Activation Laboratories Ltd. Report: Nd Sm ELI Tb Dy Ho

ppm ppm ppm ppm ppm ppm ppm

~ ~ ~ ~ ~ ~ ~

FUS-MS FUs-MS FUS.MS FUS.MS FUS-MS FUS.MS FUs-MS

72.1

53.1

16.1

65.1

83.7

57.2

52.a

12.3

10.0

3.1

12.4-

18.3

11.9

11.7

US

1.27

0.58

2.05

3.06

1.97

2.2.0

8.3

7.2

2.4

e.e 13.9

9.5

11.6

1.1

1.0

0.3

1.1

2.2

1.5

1.9

5.2

5.0

1.7

S.7

11.6

9.1

12.0

0.9

0.9

0.3

1.0

2.1

1.9

2.S

Er Tm Vb HI Tu w

ppm ppm ppm ppm ppm ppm ppm

0.1 O.OS 0.1 0.04 0.2 0.1

FU$.MS FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS FUS-MS

2.4

2.5

1.0

2.9

S.B

5.1

7.B

0.32

0.34

0.18

0.46

0.79

0.90

1.17

2.0

2.1

1.1

3.2

4.8

6.1

7.3

0.30

0.29

0.17

0.53

0.G9

0.93

1.03

Page 3 of 5

11.2

7.3

4,0

17.2

12.4

M

6.2

2.11

2.0

0.9

1.7

2.1

1.2

0.7

5

7

A08-5738 T1

ppm

0.1

FUS-MS

0.9

0.7

0.7

1.2

0.7

1.4

2.0

Pb BI

ppm ppm

0.4

FU5-MS FUS.MS

37

25

12

33

47

4a

1.3

1.2

1.2

2.7

5.9

6.2

7,9

Th

ppm

0.1

FU$-MS

174

125 17.6

65.B

121

51.5

4.0

u

ppm

0.1

FUS-MS

67.6

63.1

33.6

SO.7

295

133

5.0

u

ppm

0.1

ONe

33,0

1B3

11,4

1.9

9112

69.6

&.1

193

333

13.0

23.2

103

SUi

346

34.3

666

97.S

329

16.6

510

44S

2.0

538

118

30.1

762

969

141

34.7

598

50.4

12.1

71.5

(l.8.S

36.4

55,3

344

149

e.6

MI1!:o!I Spoc:. Grolll Spo<:

ONe

1.033

1.073

Ul54

1.017

1.DIlIi

1.030

1.079

1.DS7

1.025

1.032

1.071

1.013

1.064

1.052

1.042

1.058

1.020

1.010

1.087

1.078

1.021

1.053

1.012

1.030

1.035

1.014

1.073

1.007

1.048

1.011

1.057

1.045

1.021

1.COO

1.021

1.0G4

1.04<3

1.042

1.063

0.01

GRAV

2.72

2.34

GrnvCOru

0.01

GRAV

..; 0.01

0.02

Au

ppb 5

FA-AA

<5

<5

<5

<5

13

176

<5

Quality Control

fAnalyto Symbol Unit Symbol

Dotection Limit

Analysis Mothod

GXR.1 Moos

GXR-1 Cort

WMG-1 MotlS

WMG-1 Con

OH-1IlMollS

DH-11l con DH-lnMons

DH-11l Cart

DNC-1 Moos

DNC-1 Cort

GXR-2MoQS

GXR-2Cort

LKSD-3MoQS

LKSD-3Col1

MAG-1 (Doplolod) Mons

MAG-1 (Ooplotod) cart

SY·ZMow

SY-2Cort

SY-2MolIS

SY.2Cort

W",zQMoQS

W-laCort

BL-4aMoQS

BL-4o Cort

BL-4IlMoQS

BL-4B Cort

CTA-AC-1 Moos

CTA-AC-1 Cort

BIR-1nMoQS

SIR-1n Colt

CDN-GS-3D Moos.

CDN·GS-3D COrt

02G470rig

0264731>111 020Sl.l0ng

02650 Spill

Molhod Blank Mothod Billok

Melhod Blank MOlhod Blank Molhod Blank Mothod Blank

Activation Laboratories Ltd. Report: A08-5738

v ppm

5

Cr

ppm

20

Co

ppm

1

NI

ppm

20

Cu

ppm

10

zn ppm

3D

Gll

ppm

Go

ppm

1

FUs.MS FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS FUs-MS ru5-MS

110

80.0

174

149

148 148

53

52.0

78

82.0

132

140

264 262

108

104

316

313

445

437

<5

<20

12.0 610

770

280

2115 30

36.0

80 87.0

ell

97.0

90

92.0

311ll 382

1SQ

140

<20

8.20

201

200

57

54.7

B

6.60

27 30.0

20 20,4

44

43.0

Z

2.72 50

51,4

15

15

<1

40

41.0

2870

2700

270

241

<20

21.0

40

47.0

30

sM

SO

70.0

150

16(1

<;20

<20

<20

1110 1110

5910

5900

100

90.0

80 78.0

30

35.0

20

30.0

110

110

SO 54.0 120

126

40

40

< 10

270

760

170

110

100 66.0

710

530

110

152

140

130

140 80.0

so 38.0

SO

71.0

60

50

< 30

18 13.&

10

10.3

14

15.0

30 37.0

21

20.4

18

17.0

1S

16.0

<1

1.30

2 1.00

1.50

.2

1

<1

As Y Nb Mo Ag In Sn Sb Pr

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

5 2 2. 1 5 1 2 0.5 0.2 1 O.S O.S :I 0.1 0.1 0.05

FUS-MS FUS-MS FlJs-MS FUS-MS FUs.MS FUS-MS FUS-MS FUS-MS PlJS.MS FUs-MS FUs-MS FlJS.MS FUs-MS FUS-MS FUS-Ms FUs-MS

4213 42.1

13

7.00

<5 0.200

26 2.5.0

39

27.0

14 0.20

<5 1.20

13

0.440

<5 <5

<5

4

14.0

4 4.50

63 18.D

7& 78.0

147

149

21

2'l.O

<2

0.250

336

376

<2

ZIlZ 275

39

41.0

136

145 150

160

243

240

130

14&

190 1eo

104 108

110

115

<2

Page 4 of5

32

32.0 15

12.0

18

18.0

18 17.0

31 30.0

26

2B.O

22-24.0

330

272 10

10.0

75

78

<1

25

36.0

OS 43.0

30

41.0 264

269

190

176 120

126

fl8

04.0

14

10.0

244

240

<5

Z D.800

13.00

2 3.00

10

11.0

fl.OC

13

12.0

7.90

<1

0.000

11

11

<,

18

18.0

<2 1.40

22.0

31.0 13.3

:4.70

<2. <D.S

0.700 0.0270 <2 33.2

2.10 17.0

<2. 1.5

:4.00 2.70

<2 <: 0.5 1.S0 0.0800

<2 1.7 0,600 0.0400

<2 <0.5

O.SOO 0.0380

<2

<2

<2

<0.5

<O.S

< 0.5

O.B

0.770

<0.2

0.252

<0.2

0.180

0.2

<0.2

<0.2

54 54.0

.2 .2.20

3

1.10

2 3.00

3.60

<1

D.OSO

<1

<1

<,

122-122-5.8

1.60

2.3 a.oao 4S.!I 49,0

2.0

1.30

1.3 0.960

3.1

0.790

3.0

3.00 <0.5

0.460

< 0.5

0.340 5.6

5.20

2.3

:4.30

8.4

6.BO

1.0

0.990

M <0.5 0.580 0,00500

1.2

0.6

<0.5

3.7

3.B

<0.5

803

750

113

114

100

114

2D50

2240 1050

680 464

479

170 102

6.2

7.50

6.4 6.20

3.1 :.\.80 26.B ZS.6 48.9

52.D

41.0 43.0

11.0

10.0

15.9

17.0 17.1 16.0

8.2

10.6

53.S 51.4

02.8 1)0.0

63.4

as.O

ZS.3 23.D

857 > 2000 :> 3000

767 2176 3326 7 0.9 :4.4

7.00 0.620 1.95

768

763

<3

33.8

33,8

<0.1

90.1

89.9

< 0.1

1.08

1.30

9.62 9.30

0,.40

0.380

12.!1 12.2

<0.05

Quality Control

Analyto Symbol

Unit Symbol

Dotoction Umit

Analysis Mothod

GXR·' Mao:; G)(fMCort

WMG-1 Mons

WMG-1 Cort DH-111 MOllS

0H-111 Cort

OH-1I1MOIlG

DH-11l Colt ONC-1 Moo:; ONC-1 Cort

GXR-2MollS GXR-2Cort

U<SD-3 Mons

LKSD-3 Cort

MAG-1 (Doplalod) MOlla

MAG.1 (Doplotod) Cort

SY·2Mo/lS SY-2Cort

SY-2MollS SY-2 Cart

W-2nMoos

W-2nCort

BL..ot!lMllllS

BL..ot!lCort

BL-4I1MllllS

BL-4a Cort

CTA.AC-l MOllS

CTA-AC-1 Curt BIR·1IlMollS BIR·111 Colt

CON-GS-3D MoIlS

CDN-GS-3D Cort

026470rlg

02647 Split

0265GOrlO

02656 Spill

Molhod Blnnk Molhotl BlllIlk MotIlod Blank MQlhod alMk

Mothod Blunk Molhad Blunk

Activation Laboratories Ltd. Report: A08-5738

Nd Sm Eu Gd Dy Ho Tm Vb Hf Til w 11 Pb BI u ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

0.1 0.1 0.05 0.1 0.1 0.1 0.1 0.1 0.05 0.1 0.04 0.2 0.1 0.1 5 0.4 0.1 0.1

FUS-MS FU5-MS FUS-MS FU5-MS FUS-MS FUs-MS FUS-MS FUS-MS FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS FUS-MS FUS-MS FUs-MS FUs-MS FUS-MS FUS-MS

11.2

18.0

9.0 9.00

4.5

4.90

19.1

19.0

40.4

44.0 33.4

30.0

12.5

13.0

1090

1087

2.3

2.50

52.3

50.0

< 0.1

2.8

2.70 2.3

2.30

1.4 1.38

3.S

3.50 7.S

B.OO

G.B 7.50

3.2

3.30

16Z 162

1.0

1.10

11.7

11.0

< 0.1

0.60

O.CBO

o.7G 0.820

O.GO 0.S90

0.74

0.810

1.47

1.50

1.42

1.60

1.13 1.00

49.6 46.7

0.55

0.540

2.20

2.20

<0.05

3.9

4.20

1.9

2.00

3.0

3.30

5.5 5.BO

124

124

1./1

1.6S

11.6

12.0

<0.1

0.9

0.630 0.4

0.300

0.4

0.410 O.S

0.480

0.9

1.00

1.0

O.OGO

0.7

0.530

16.4

13.9

0.4

0.350

1.11 2.1

<0.1

5.1

4.30

2.5

2.80

2.9

2.70

3.1

3.30

5.1

4.90

5.1

5.20

3.9

3.60

2.7

2.50

12.0

12.8

<0.1

0.5 0.500

O.G

o.a20

1.0

1.02

O.B

0.7BO

0.6

0.570

2.5

2.6

<0.1

2.0

2.00

2.7

3.00

2.3

2.50

1.7 1.70

7.8

7.1l

< 0.1

0.40

0.4:10

0.23

0.200

0.32

0.300

0.30

0.300

0.42

0.430

0.35 0.3BO

0.29

0.260

1.17

1.1S

< 0.05

2.3

1.90 1.3

1.30

1.9

2.01

1.0

2.04 2.7

2.70

2.-S 2,60

2.1

2.10

11.4 11.4

1.5

1.6S

7.3

7.2

<0.1

0.31

0.280

0.19

0.210

0.29

0.320

0.27

0270

0.41 0.400

0.36

0.400

0.30

0.330

1.10 1.0B

0.24

0.260

1.03

1.06

<0.04

Page 50f5

0.1 0.960

1.7 1.30

0.1

O.17S

0.3

0.500

1.0 0.3

1.01 0.0980

6.9 0.8

8.30 0.900

4.1l O.S

4.60 0.700

3.3 1.1

:>.70 1.10

2.6

2.60

0.5

0.500

1.4 2.7

1.13 2.6$

164 164 <1

1.30

0.1

0.390

< 1 <0.1

0.200 0.0260

1.1

1.90 1.03

<1

2.00

1 0.3 1.40 0.590

<1

0.300

0.1

0.200

0.6 < 0.1 < 1 <0.1

0.0100 0,600 0.0400 0.0700

6.2

6.2

<0.2

0.7

0.7

<0.1 <1

2.0

1.8

<0.1

93 730 26

15.0

1380 1';l80

2.8

6.:10 0.0200

4S7 <0.4 BGo 0.590

10

29.0

13 < 0.4

24.0 0.340

13 <0.4

9.30 0.0300

2.5

2.44 1.2

1.10

0.2

0.200

8.4

8.80

10.2

11.4 10.9

11.9

2.2

2.40

23.0

21.B <5 0.5 <0.1

3.00 0.0200 0.0300

<5

7.9

6.a

<0.4

4.0 4.0

< 0.1

33.5

34.9

0.7 0,650

0.1

0.100

2.9

2.90

4.4

4.(11)

2.7

2.10

0.6

0,530

4.0 4.4

< 0.1

0,0100

S.O S.1l

<0.1

u ppm

0.1

DNe

2620

2630

2630

2630

285 284

286

2.1!4

1250

1ZSC

1Z90

12S0

5118

592

6.13

6.1

<0.1

Moos SpOIl Grav Au

ppb

ONC

1.011

1.087

1.063

1.0as

1.000

0.01

GRAV FA·AA

< 0.01

> 3000

3410.00

1000

1 ro

.....I Q.) u "C

Z E (J)

"0 o

..0 I-

>­c

I

Chart1

o :I:

Page 1

E I-

.0 >-

'AO~.-_,?~:S.8 -_._-.'- - 02650

_. -,-, .-. 02651

.. - + 02652

. - 0- .- 02653

....... ' .

1\

-.

x

x

. 02654

02655

02656

02656 split PULP DUP

t '"..1 -. - It..... , t

Quality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Innovative Technologies

Date Submitted: 22-Aug-OB

Invoice No.: A08-5427

Invoice Date: OB-Sep-OB

Your Reference: Elliot Lake ~ (v\ l'li> , I?> I

CERTIFICATE OF ANALYSIS

42 Rock samples were submitted for analysis.

The following analytical package was requested: Code 5D-U-Total ONe

REPORT A08-5427

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. OUf liability is limited solely to the ' analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva. Ph.D.

Quality Control

1336 SandhiU Drive. Ancaster, Ontario Canada LeG 4V5 TELEPHONE +1.905.648.9611 or +1 .668.228.5227 FAX +1.905.648.9613

E·MAIL ancasler@acUabsinlcom ACTI.ABS GROUP 1NE8SITE hllp:l/vl'\v\v.actlabsinlcom

Activation Laboratories ltd. Report: A08-5427

.. ~,

02414 30.11 1.064

02415 48.0 1.087

02410 271 1.079

02417 33.B 1.046

02418 3[15 1.055

02419 212 1.074

02420 240 1.050

02421 11.6 1.095

02422 22.7 1.0110

02423 1115 1.077

02424 61..2 1.053

02425 485 1.088

0242(1 129 1.0ge

02427 454 1.061

02428 209 1.070

024211 :lEl1 1.027

02430 1600 1.0S4

02431 0.5 1.058

02432 112 1.0Q5

02433 673 1.063

02434 1 liB 1.038

02435 14.5 1.070

02430 52.8 1.086

02431 23.5 1.1]52

02436 13..2 1.0fl3

02482 25.4 1.0112

0Z4l!3 35..2 1.049

02464 23.3 1.044

02465 33.8 1.049

02.4tlfI 233 1.037

02487 59.1 1.042

02436 437 1.068

02489 BO.6 1.042

02490 590 1.070

02491 1170 1.009

02492 350 1.021

02493 2Z.1 1.074

02494 818 1.057

02495 199 1.042

02496 199 1.081

02497 973 1.036

02496 2.1 1.082

Page 2 of3

Quality Control

Analyto Symbol

Unit Symbol

Ootoctlon Umit

!Analysis Mothod

OH-1aMoQ5

DH·1aOort

OH-1aMoQ5 OH-1aCgrt

SY·2Mollll

$V-2Oort

$V-2Moos

SY·2CClrt

BL-4Il MatIS

BL..o\a CDrt BL-4Il Mons

BL~Cort

02.400 Drlg 02486SpUI

024980l'lg

024911SpUt MaIllot! BIMk Mothod Btank

U

ppm

0.1

ONe

2630

2630

2680

21;30

262

284

280 284

1210

1250

1210

1250

23:1

23(j

2.1

z.2 <0.1

ONe

1.037

1.054 1.082

1.013 1.000

Activation Laboratories Ltd.

Page 3 of3

-. Report: A08-5427

· .

Quality Analysis ... Innovative Technologies

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2eG Canada

ATTN: AI Shefsky

Date Submitted: 07-Aug~08

Invoice No.: A08-4861

Invoice Date: 14-Aug-08

Your Reference: Elliot Lake pM I Ytf

CERTIFICATE OF ANALYSIS

27 Rock samples were submitted for analysis.

The following analytical package was requested: Code 5D-U-Total DNe

REPORT A08-4861

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph. D.

Quality Control

1336 Sandhill Drive, Aneaslei', Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 Of +1 .888.228.5227 FAX +1.905.648.9613

E-MAIL ancasler@actlabslnlcom ACTlABS GROUP WEBSITE hltp:/AwlW.actlabsinlcom

Activation Laboratories Ltd. Report: A08-4861 Amdyto Symbol u Moss

.' 'Unit Symbol ppm

Dotoctlon Limit 0,1

Analysis Mothod ONC ONC

02337 1Q6 1.084

02338 182 1,0111

02339 33,7 1.011

02340 145 1,031

02341 lOB 1,040

02342 31.9 1.039

02343 593 1.034

02344 1100 1.0411

02345 99.11 1,021

0234& 793 1,043

02347 126 1.026

02348 8S.1 1.0G9

02349 75.S 1.040

023S0 304 1.059

02351 19.1 1,OB7

02352 2.5 1.084

Q23S3 124 1.039

Q23S4 394 1.051

023.55 134 1.031

02356 3ga 1,OIlz

02357 419 1.085

02358 619 1.014

023S1l 110 1,030

02350 1420 1.072

02361 17.3 1.063

02362 1120 1.050

02363 12.3 1.065

Page 2 of3

Quality Control

Analyto Symbol

,Unit Symbol

\oetoction Umit jAnalysis Mothod

DH·1nMo/lS

OH-1aCQrt

OH-1a MOllS DH-1D CQrt

SY-2MollS

SY-2 Cort

SY·2MollS

SY-2Cort

Bl-4a MOBS

BL-411 Cart

BL-4a MOllS 8L-4DCQrt

0231.130rlg 02363 Spilt

MOlhod Blonk Molholi Stool(

u

ppm

0.1

ONe

2630

2G3D

2640

2GlO

21.13 264 260

264 1250

1250

1200

1250 12.3

11.6 <0.1

Mass

ONe

1.065

1.043 1.000

Activation Laboratories Ltd. Report: A08-4861

Page 3 of3

~ "-I • r ...

Quality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Innovative Technologie's

Date Submitted: 21-Jul-08

Invoice No.: A08-4263

Invoice Date: 25-Jul-08

Your Reference: PM 116 ELLIOT LAKE

CERTlFICATE OF ANALYSIS

34 Rock samples were submitted for analysis.

The following analytical package was requested: Code 5D-U-Total DNC

REPORT A08-4263

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permisSion must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY ;

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive, Ancaster, Ontario Canada LeG 4V5 TELEPHONE +1.905.648.9611 or +1.888.228.5227 FAX +1.905.648.9613

E-MAIL aneaster@acUabsinlcom ACTLABS GROUP WEBSITE httpJl\wJW.actlabsinlcom

Activation Laboratories Ltd. Report: A08-4263 Analyto Symbol u Mas:;

Unit Symbol ppm

Detection Umit 0.1

Analysis Mothod ONe DNe

02.303 10.B 1.091

02.304 63.0 1.089

02305 85.4 1.087

02306 80.2 1.057

02307 75.1 1.058

02.306 128 1.074

02.309 142 1.057

02310 'l71 1.002

02.311 479 1.025

OZl12 21.0 1.075

02313 34.8 1.032

02314 499 1.044

02315 101 1.0D3

02.310 154 1.027

DZl17 121 1.054

02318 368 1.091

02319 350 1.013

02.320 333 1.015

02321 62.5 1,035

02322 43.0 1.017

02323 428 1.079

02324 280 1.071

02325 2020 1.063

02326 1030 1.057

02327 1320 1.071

02328 24.3 1.067

02329 530 1.052

02330 24.8 1.044

02331 224 1.043

02332 0450 1.085

02333 403 1.063

02.334 92.6 1.052

02335 38.1 1.085

02336 3.8 1.084

Page 2 of3

Quality Control

~alytc Symbol

Unit Symbol

DctDction Umit

AnaJy:;ls Method

DH.1aMoQS

DH·1IlCort

OH-1oMoll:!

Ofi.111Cort SY·z Moos

S'(.2 C<:Irt

S'(·2MoQS

SY.2Cort

B[.-.4oMoos

BL-4£ICol'l

BL-4nMoos

BL-4nC<:lrl

023320rlg 02332 Spilt

DZ33!l Ong

0Z336 Splil

Mothod BIDol( Molhod Blank.

u ppm

0.1

ONe

21330

2630

2630

2630

2B1

284

2M 284

1280

1250

1270

1250

450

451

3.6

4.1 <D.1

Moss

DNe

1.065

1.013

1.084

1.045

1.000

Activation Laboratories Ltd. Report: A08·4263

Page 3 of3

,~. t

Quality Analysis ... Innovative Technologies

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Date Submitted: 3D-Jun-OB

Invoice No.: A08-3623

Invoice Date: 09·Jul-OB

Your Reference: Elliot Lake

CERTIFICATE OF ANAL YSIS

1 Pulp sample and 49 Rock samples were submitted for analysis.

The following analytical packages wefe requested: Code 5D-U-Total DNC Code Specific Gravity Pulp

REPORT A08-3623

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it wm be discarded withIn 90 days of this report. Our liability Is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhi!! Drive, Ancaster, Ontario Canada 19G 4VS TELEPHONE +1.905.64B.9011 or +1.888.228.5227 FAX +1.905.646.9513

E.J'v1AlL ancaster@acUabslnlcom ACTI.ABS GROUP WEBSITE http:/AwJW.acUabsinlcom

Activation Laboratories Ltd. Report: A08·3623 Analyte Symbol u Moss Spec Gmv ;r'

Unit Symbol ppm

Detoction Umit 0.1 0.01

Analysis Mothod ONe ONe GRAV

02227 174 1.011

02228 108 1.067

02229 60.3 1.039 2.63

02230 318 1.030

02231 259 1.071

02232 299 1.083 2.76

02233 141 1.D57

02234 116 1.005

02235 687 1.01'11

02236 175 1.067

02237 an 1.044

022:16 232 1.071

02239 954 1.0114

02240 373 1.0112.

02241 1l7S 1.059

02242 52.4 1.057

02243 3SS 1.053

0224<\ 99.5 1.068

02245 sse 1.040

02246 960 1.059

02247 510 1.082

02248 1740 1.069

02249 418 1.025

Q225D 1740 1.053

02251 291 1.048

02252 55.0 1.019

02253 7.5 1.014

02254 1010 1.095

02255 21.2 1.069 2.62

02256 14.5 1.0n 02257 215 1.036

02268 859 1.045

02259 665 1.079

02260 621 1.088

02261 SOB 1.051

02262 13.6 1,019

02263 2560 1.048

02284 723 1.074

02265 371 1.013

02268 145 1.040

02261 173 1.000

02268 91.S 1.053 2.68

02269 li6 1.0$2 2.72

02270 1no 1.042

02271 2138 1.027

02212 760 1.046

02273 67.3 1.010

02274 17.5 1.035

0227S 2.9 1.0711

02270 (oxtm) 115 1.01l0

Page 2 of3

Activation Laboratories Ltd. Report: A08-3S23

Quality Control

Analyto Symbol u Moss Sp~cGrtlV '. Unit Symbol ppm

\DOtoctiOn Umit 0.1 0.01

Analysis Mothod ONe ONe GRAV

OH·1u MaDS 2650

DH·1nCort 2630

OH-1aMoDS 2640

DH-1I1Cort 21l3D

SY·2Moas 261

SY-ZCQrt 264 SV.ZMOllS 264

SY-2.eort 284 BL4JlMollS 1210

BL-.4o C<lrt 12SC

BL-40 Mow 1280

Bl4Jl Cort 12.50

022S60rlg 14,5 un 022.SB Split 15.4 1.047 022GQOrlg 2.70

022BIIDllp 2.74 0221S0rlg 2.9 1.078 0227SSpllt 3.2 1.064

Mothod BInnie: Mothod <; 0.01 Blank Mo1hoa Blenk Mo1hod <0.1 1.000 Blank

Page 3 of3

.,. ,

Quality Analysis ... Innovative Technologies

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2CG Canada

ATTN: AI Shefsky

Date Submitted: 25-Jun-08

Invoice No.: A08-3540

Invoice Date: 02-Jul-08

Your Reference: Elliot Lake PM 111

CERTIFICATE OF ANALYSIS

33 Rock samples were submitted for analysis.

The following analytical package was requested: Code 5D-U-Total ONe

REPORT A08-3540

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no Instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. OUf liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES lTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive. Ancaster. Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or +1.888.228.5227 FAX +1.905.64B.9613

E..f'MtL ancaster@acllabsintcom ACTLABS GROUP INEBSITE http://.wfN.acUabsinlcom

Activation Laboratories Ltd. Report: A08-3540 Analyto Symbol u Muss

Unit Symbol ppm -DotoctJon Umit 0.1

iAnalysis Method ONe oNe

02.194 269 1.057

02105 159 1.022

02196 14.2 1.056

021117 139 1.040

02198 74.4 1.017

02199 436 1.1101

02200 138 1.055

02201 103 1.054

02202 116 1.016

02203 234 1.026

02204 169 1.052

02205 2.13 1.063

02200 158 1.062

022D7 28.2 1.091

02206 274 1.056

02200 212 1.044

02210 474 1.093

02211 912 1.007

02212 1n 1.029

02213 157 1,040

02214 428 1.025

02215 44.0 1.074

02218 371 1.014

02217 499 1.D35

02218 673 1.062

02.219 044 1.1)16

02220 914 1.070

02221 371 1.029

02222 551 1.054

02223 640 1.026

02224 211.2 1.023

02225 2.6 1.02.8

02228 119 1.011

Page 2 of3

Quality Control

Analyto Symbol

Unit Symbol

Detection Umlt

Analysis Method

DH.1a MOllS

DH-1ncnrt

OH-1nMons

OH-1oCort

S¥·2 MOll:l

SY·2 Cart SY·2Moll:l

SY-2Cort

BL""'lIMoll:l

BL""'lICort

BL""'11 MOM BL""'lICort

0222S0rlg

0222SSpllt

Method Bttlllil Molho!! Blunk

u ppm

0.1

DNe

2G40 2(l30

2620

2630

281 2Bi1

285 284-

1280

1250 1260

1250

2.6

3.1

<:0.1

ONe

1.02.8 1.035

1.000

Activation Laboratories Ltd.

Page 3 of3

Report: AOS..aS40

I •

Quality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Innovative Technologies

Date Submitted: 17-Jun-08

Invoice No.: A08-3324

Invoice Date: 08-Jul-OS

Your Reference: PM 109/ARGILLITE

CERTIFICATE OF ANALYSIS

30 Rock samples were submitted for analysis.

The following analytical packages were requested: Code 1H INM(INMGEO)ffotal Digestion ICP(TOTAL) Code 5D-U-Total DNe

REPORT A08·3324

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

Notes: Elements which exceed the upper limits should be analyzed by assay techniques. Some elements are reported by multiple techniques. These are indicated by MUL T.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

E/itsa Hrischeva, Ph. D.

Quality Control

1336 Sandhill Drive, Ancas!er, Ontario Canada L9G 4V5 TELEPHONE +1.905.548.9611 or +1.888.228.5227 FAX +1.905.648.9613

E-MAIL ancaster@acUabsinlcom ACTlABS GROUP WEBSITE hltp:IAwlW.2ctlabsinlcom

Activation Laboratories Ltd. Report: A08-3324 rev 1 Analyto Symbol Au Ag eu Cd MQ Pb NI Zn S AI As ea eo 61 Sr c.a Co Cr cs Eu Fa Hf Hg Ir

Unit Symbol ppb ppm ppm ppm ppm ppm ppm ppm % % ppm ppm ppm ppm ppm % ppm ppm ppm ppm % ppm ppm ppb

Dotection Umlt 2 0.3 1 0.3 3 1 1 0.01 0.01 0..5 50 1 2- 0.5 0.01 1 2 1 0.2. 0.01 1 1 5

alysis Method INAA MULT TD-ICP TD-ICP TD-ICP TO-ICP MULT MULT TD-ICP TD-ICP INAA INAA TD-ICP TO-lCP INAA TD-ICP INAA INAA INAA INAA INAA INAA INAA INAA INAAfTD- lNAA I TD- INAA ITo..

ICP ICP ICP

02134

02135

02139

02137

02136

02139

02140

02141

02142

0';:143

02144

02145

02148

02147

02148

02149

02150

02151

02152

02153

02154

02155

02158

02157

021 SIS

02159

02160

021111 <2 0.3 16 0.4 <1 38 26 54 0.02 11.00 31.5 1050 3 <2 <0.5 0.11 170 12 0.9 3.34 <1 -:5

02192 <2 0.5 78 0.8 <1 40 50 97 0.30 7.97 7.8 590 Z <2. < 0.5 0.2.5 16 172 10 1.0 4.16 7 <1 -:5

02193 <2 <: 0.3 29 0.0 <1 20 53 n 0-02 10.6 46.1 1110 <z <0.5 0.13 2.6 2.0a 14 12 4.07 <1 <5

Page 2 of7

\

Activation Laboratories Ltd. Report: AOS-3324 rev 1 Analyto Symbol K Mg Mn No P R.b Sb Sc So Sr Til TJ TIl u v w y LtI Co Nd 3m Sn Tb ' Yb

:Unit Symbol % 0/0 ppm % % ppm ppm ppm ppm ppm ppm % ppm ppm ppm ppm ppm ppm ppm ppm ppm % ppm ppm

\ODtoCtiOn Limit 0.01 0.01 , 0.01 0.001 15 0.1 0.1 3 1 O.S 0.01 02 O.S Z O.S 3 5 0.1 0.01 0.5 0.2

iAnalysis Mothod TO-ICP TD-ICP TO-ICP INAA TD·ICP INM INAA lNAA INAA TO-ICP INAA TO-ICP INAA INAA TO-1CP INAA TD-ICP lNAA INAA INAA INAA INAA INAA "'IMi

02134

02135

02.136

02137

02136

02139

02140

02141

02142

02143

02144

02145

02146

02147

02146

02149

02150

02151

02152

02153

02154

02155

02156

02157

OZ1SB

02.159

02160

02191 327 l.3Q 319 0.55 0.0:37 242 2.D 17.9 <3 44 < D.S 0.18 111.3 7.11 78 <1 18 2.4.5 49 25 3.7 .; 0.01 <0.5 2.4

02192 2.32 1.51 388 o.ge 0.038 lea 2.4 14.1 <3 73 < 0.5 0.34 21.6 9.5 102 < 1 24 34.B 61 as 4.1 .; 0.01 <0.5 2.5

02.103 2.15 1.55 376 0.G5 D.036 305 2..7 .20.G <3 53 Z2 0.22. 23.0 e.9 97 <1 2.0 43..7 101 49 5.5 <0.01 <O.S 2.6

Page 3 of7

Activation Laboratories Ltd. Report: A08-3324 rev 1 Anulyto Symbol Lu Moos U MIISS

Unit SymbOl ppm ppm

Doto~on Umlt 0.05 0.1

Analysis Method INM INM ONe DNe

02134 39.4 1.059

02135 43.5 1.058

02136 34.5 1.059

02137 103 1.074

02133 191 1.(148

02139 264 1.065

02140 269 1.069

02141 143 1.006

02142 409 1.090

02143 101 1.021

02144 395 1.044

02145 316 1.032

0214(5 291 1.062

Q2147 BaS 1.036

02148 551 1.043

02149 273 1.063

02150 41.1 1.042

02.151 ns 1.048

02152 105 1.033

02153 631 1.068

02154 232 1.055

02155 759 1.073

02159 149 1.004

02157 1.220 1.047

02156 792 1.041

02159 6.5 1.0M

02160 116 1.090

02191 0.46 282

02192 0.'11 30.3

02193 0.45 2J5.7

Page 4 of7

Quality Control

Analyto Symbol Unit Symbol Dctoction Um~t Analysis Method

GXR-1 MOilS

GXR·1 Ccrt

OH·1llMcos

OH-1aCol\

ONC-1 MOllS

DI'lC.1 Colt

GXR4Moos

GXR4 Coli

GXR-2MoBS

GXR·2Colt

SOC.1 Mons

SOC-1 Cart

SC0-1 Mons

seO·1 Con GXR-6Moils

GXR·6 Con

SY·2MoOG SY·2 COlt

S'(·2 Moos

SY·2 Carl

OREAS 13P M005

OREAS 13P Cart

BL-4llMoos

BL-4llColt

BLoo4IIMoas

Bt.-4llCort

DMMAS-105 MOot; DMMAS-10S Con

02193 arlg

021935plll

Method 810nl<. Mothod Blllnk Mothod Blonk Molhod 51W1lt Molhod Blank Mothod Blank

Au Ag

ppb ppm

:2 0.3

INAA TD-ICP

271.1 27G

<2 <2

30.2

31.0

<0.3

0.0270

3.3

4.00

18.5

17.0

<0.3

0.0410

<; 0.3

0.134

O,S

1.30

<0.3

0.5 <: 0.3

" D.3

Activation Laboratories ltd. Report:

Ail' Cu Cd Mo f'b

ppm ppm ppm ppm ppm

5 1 0.3 1 3

INAA TO-ICP TO-ICP Tl).ICP TO-ICP

"s <:5

1300

1110

101

96.0

3.3

3.30

6330 O.S

6520 D.eeD

113 4.3

76.0 4.1D 32 0.6

30.0 0.0600 211 OJ;

28.1 0.140

11 0.8 66.0 1.00

2620

2500

Zl

32

<1

<1

0.6 0.1

< 0.3

<0.3

16

18.0

<1

0.700

313 310

1

2.10

<1 0.250

<1

1.37

<1

2.40

<1

<1

< 1

<1

7Z9

730

5

6.30

43

52.0

6116

690

24

25.0

31

:.11.0

96

101

20

22 <3

<3

NI

ppm

Tl).ICP

43

41.0

245

247

42

42.0

22 21.0

37

38.0

30

21.0 26

27.0

2140

2250

53

sa 4

<1

1\11 Zrl

ppm ppm

20 1

INAA TO-IC?

"20 <20

742

160

50

613,0

611

13.0

539

530

98

103

100

103

132

116

17 81

<1

<:1

Zn S AI

ppm % %

50 D.c1 0.01

INAA Tl).ICP TD-ICP

<50

<50

0.25

0..257

0.05 0.03DO

1.78

1.77 0.03

0.0313

0.06

0.0650

0.02 0.0160

0.02

0.02

< 0.01

<0.01

2.11

3.52

6.61

9.69

5.86

7.20

11.8

1e.5 7.50

6.34

6.61

1..24 11.1 11.7

10.6

11.3 < 0.01

< 0.01

Page 5 of7

ppm

O.S

INAA

1700

1693

46.1

44.4

A08·3324 rev 1

Ba au BI

ppm ppm ppm

50 1 2

INAA TO-ICP TI).ICP

140 742

1110

1050

1.22

1360

1380

<1 <2 1.00 0.0200

2 17

1.110 19.0

:2 <2 1.70 0.1300

4 <2 3.00 2.60

.2 <2 1.84 0.370

<2

1.40 0.290

<1

<1

<2 <2 <2

<2

Br Cn

ppm %

0.5 0.01

INAA TO-ICP

<0.5 <0.5

0.112

c.IlOO

7.17 a.oo 1.10

1.01

1.03

0.930 1.13

1.00

2.12

1.87

0.18

0.1BO

0.13

0.15

<0.01

<0.01

Co

ppm

1

INAA

51 48

23

24

Cr

ppm

2

INAA

116 97

20B

1711

C:l

ppm

1

INAA

14

14

Ell

ppm

02

INAA

1.8 1.1 1.2

1.3

Fa

%

tl.01\ INAA:

B.44

6.17 4.07

3.63

"

Activation Laboratories Ltd. Report: A08~3324 rev 1

Quality Control ~ -

Analyto Symbol Hf Hg Ir K Mg Mn Nil P Rb Sb SG So Sr Til Tl Th U V W V Lll CG Nd 8m

UnitSymboJ ppm ppm ppb % % ppm 'Y. % ppm ppm ppm ppm ppm ppm % ppm ppm ppm ppm ppm ppm ppm ppm ppm

Dotection Umlt 0.01 0.01 0.01 0.001 15 0.1 C.l O.S 0.01 0.2 0.5 Z 1 1 D,S 3 5 0.1

Analysis Mothod INAA INAA INAA TD-IC:P To-IC? TD-ICP INAA TD-ICP INAA INAA INAA INAA TD-ICP INAA TD-ICP INAA INAA TD-ICP INAA TD-ICP INAA INAA INAA INAA

GXR-l MOllS 0.05 C21 1100 0.054 20G ilB 32 GXR-1 Cart 0.0500 0.217 852 D.Oaso 275 80.0 32..0 O ..... 'BMollS

O ..... 1aCoJ'(

DNC.1 MoIlS 0.21 5.67 1030 0.028 12:3 0.28 149 16 ONC.l Celt 0.11l0 6.06 1151) 0.0370 145 0.2B7 143 16.0 GXR-4 MOilS> 3.:14 1.87 152 0.135 212 92 15 GXR-4 Cart 4.01 1.66 lSS 0.121) 221 87.0 14.0 GXR-ZMoas 1.511 0.90 1020 0.072 159 56 17 GXR-ZCort 1.37 0.850 1010 0.105 160 52.0 17.0 SOC.1 MoIlS 2.49 1.00 !l33 0.054 169 0.1a 42 35 SOc., Calt 2..72 1.02 8a:.I 0.0690 183 o.aoe 102 40.0 8eo-l MOIlll 2..05 1.63 402 0.01l8 163 0.27 126 21 Se0.1 Cort 2.30 1.64 410 0.0900 174 O.!JaO 131 2.0.0 GXR-6 MOllS 1.B9 0.03 1120 0.041 38 152 14 GXR-6CQrt 1.B7 0.609 1010 0.0350 35.0 186 14.0 SV-2MOIls

SY-2Colt

SY-2MollS

SV'2CIll'\

OREAS 13P MoIlS

OREAS 13P Col'(

BL-4nMolls

8L-4n Celt

BI.-4n MoIlS

8L-4QCort

DMMAS-l0S Mous 2.85 10.9 16.4 7.0 66.8 38.1 B4 <5 5.3 DMMAS-105 Colt 2.81 10.S 15.7 1.8 66 37.5 BO 10 3.9 021930rlg <1 <5 2.75 1.55 318 0.65 D.036 30S 2.7 20.S <3 53 22 0.22 23.D 9,9 97 <1 20 43.7 101 49 5.5 02193 Split <1 <5 5.12 1.75 418 0.00 O.OBO 2GB 2.6 19.7 <3 57 <0.5 0.58 21.4 7.9 172 <1 22 42..9 94 43 5.2 Molhod Blank. Molhod <: 0.01 <: 0.01 <:1 <0.001 <1 < 0.01 <2 <1 Blank.

Matllod Sionk Mothocl <0.01 < 0.01 < 0.001 <:1 <0.01 <2 <1 Blank MI)!hC<l 8tank. Motllod Blonk

Page 6 of?

Activation Laboratories Ltd. Report: A08-3324 rev 1

Quality Control

Analyto Symbol Sil Tb Vb Lu M= U Mass

Unit Symbol % ppm ppm ppm ppm

Detoction Umlt 0.01 0,5 0.2 0,05 tI.1

:Analysis Mothod INAA INAA INAA INM INAA ONC ONC

GXR·1 Mooo

GXR·1 Cort

DH-1a Moos 2660 OH-1a Cart 2630 ONC-1 Mooo

ONC-1 Colt

GXR-4 MOII!I

GXR-4Cort

GXR-2Mooo

GXR·2Col1

SOC.1 MOilS

soc-1 Cort

SC0-1 MoIlS

SC0-1 COI1

GXR-6Moas

GXR-6cort

SV'-2MDOO .250 S¥·2 Con U4 S¥'2Moos 284 SY·ZCort 264 OREAS 13P MOilS

OREAS 13P cort

SL-40 Mans 1270

Bt.-4o CQrt 1250 BL-4o Mooo 1270 BL-40 cort 1250 OMMAS-105 MOilS 3.0 0.56

OMMAS-105 Col1 3.0 0.45 021930rl[l < Cl.Ol <0.5 2.6 0.45 25.7 02193 Spill < 0.01 <0.5 2.3 0.41 20.4 Method BIMk Molhod BUlnk Mothod Blank Molhod Blnnk

Molhcd EHonk Molhod <0.1 1.000 Blank

Page 7 of7

" . ~ ,

Quality Analysis ...

Pele Mountain

2200 Younge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Maria Bennett

Innovative Technologies

Date Submitted: 10-Jun-08

Invoice No.: A08-3116

Invoice Date: 24-Jun-08

Your Reference: Elliot Lake

CERTIFICATE OF ANALYSIS

42 Rock samples were submitted for analysis.

The following analytical packages were requested: Code 4B2-Std (1-10) Trace Elements Fusion ICP/MS(WRA4B2) Code SD-U-Total DNC

REPORT A08-3116

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

Notes: We recommend using option 4B1 for accurate levels of the base metals Cu, Pb, Zn, Nt and Ag. Option 4B-INAA for As, Sb, high W>100ppm, Cr >1000ppm and Sn >50ppm by Code 5D. Values for these elements provided by Fusion ICP/MS, are order of magnitude only and are provided for general information. Mineralized samples should have the Quant option selected or request assays for values which exceed the range of option 4B1.

ACTIVATION LABORATORIES LTD,

CERTIFIED BY :

Elilsa Hrischeva, Ph.D.

Quality Control

1335 Sandhill Drive, Aneasler, Ontario Canada L9G 4V5 TELEPHONE +1.905.848.9611 or +1.888.228.5227 FAX +1.905.648.9613

E-MAIL ancastet@actiabslnlcom ACTlABS GROUP WEBSITE http:hw,w/.actlabsinlcom

Activation Laboratories Ltd. Report: A08-3116 Analyto Symbol v Cr CQ NI CII Zn GQ Go As FIb Sl' Y lJ Nb Mo Ag In Sn Sb Cs aD L.a Co Pr

Unit Symbol ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

Dotoction Umlt 5 20 20 10 30 1 5 :2 2 1 5 1 .2 O.S 0.2 1 C.S D.S 3 0.1 0.1 0.05

Analysis Method FUS-MS FUs-MS FUs.MS FUS-MS FUs.MS FUS.MS FUS-MS FUS-MS FUs.MS FUS-MS FU8-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUs-MS FU8-MS FUS-MS FU8-MS FUS-MS FUS-MS FUS-MSi

020112

02093

02094

02095

0209a

02097

02098

02099

02100

02101

02102

02103

02104

02105

02106

02107

OZ1D13

02109

D2110

02111

02112

02113

02114

02115

02116

02117

02118

02119

02120

02121

02122 14 SO <20 20 <30 12 <1 <5 137 24 12 ,14 <2 0( 0.5 <0.2 1 0.6 1.2 393 62.3 102 9.89

02123 34 SO 17 10 50 <30 18 <1 <5 169 12 19 197 12 2 <0.5 <0.2 .2 1.2 1.9 oW:2 95.4 171< 18.9

02124 85 80 33 SO 100 <30 28 <1 <5 234 10 32 5f>3 20 <0.5 <0.2 .2 0.9 2.7 402 11() 21G 22.7

02125 243 140 eEl 1110 1110 130 42 .2 3;::0 14 136 940 26 ·5 <0,5 <0.2 2.5 3.8 5S5 4:03 419 51.4

0214:6 330 170 99 230 130 8D 45 291 15 86 438 28 <2 < O.S <0.2 1.1 3.2 S34 154 30S 382

02127

02128

C2121l

02130

D21~1

0213:;:

02133

Page 2 of5

Activation Laboratories Ltd. Report: A08M 3116 Analyto Symbol Nd 8m Eu Gd Th Dy He> Er Tm Vb Lu Hf Tn W 11 FIb Bl 111 U U MQ5!1

Unit Symbol ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

DetQctlon Limit 0.1 0.1 0.05 0.1 0.1 0.1 0.1 0.1 0.05 0.1 0.04 0.2 0.1 0.1 5 0.4 0.1 0.1 C.1

Analysis MQthod FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUs-MS FUG-MS FUS-MS FUS-MS FUS-MS FUS-MS FUG-MIS FUS-MS FlJS.MS FUS-MS FUG-MS ONe ONe

02092. 132 1.021

02093 341 1.014

02.094 122 10041l

02095 'Z7.7 1.041

02.099 671 1.050

02097 112 1.090

02098 41.3 1.018

0211Q9 75.0 1.001

02100 22.1 1.073

02101 86.1 1.035

02102 7.5 1.013

02103 47.7 1.041

02.104 8.0 1.070

021Q5 504 1.056

02106 229 1.05:>

02107 302 1.001

02108 2M 1.002

02109 643 1.071

02.'10 94.9 1.008

02111 160 1.061

02112 1.6 1.038

02113 11(\ 1.050

02114 700 1.007

02.115 38.0 1.052

02110 sa3 1.002

02117 1030 1.034

02118 1210 1.088

02119 4070 1.000

02120 89.4 1.039

02.121 16.8 1.C31

02122 31.8 6.1 0.91 3.7 O.S 2.3 0.4 1.1 0.16 1.0 0.14 2.11 1.5 0.6 15 < 0.4 58,£1 31.5

02123 60.3 11.7 1.B9 7.0 D.B 3.9 0.7 1.B 0.21} 1.6 0.22 4.B 2,0 0.7 21 <0.4 83.8 46.2

02124 74.0 14.2 3.06 II.B 1.3 6.2 1.1 3.0 0.43 2.6 0.37 13.4 3.0 1.0 14 <0.4 139 134.11

02125 197 45.7 6.88 34.5 S.O 25.7 4.7 13.0 1.74 9.B 1..2e 21.9 3.1 14 1.6 15 O.S 2.07 606

02126 144 31.9 5,99 20.6 2.6 13.5 2,8 7.1l 1.16 7.5 1.10 9:1 1.7 15 1.1 <S 0.13 6,0 3.4

02121 2.4 1.09D

02128 117 1.03Z

0212{1 17.11 1.036

02130 3Z.0 1.045

02131 33.3 1.049

02132 143 1.015

02133 15.2 1.012

Page 3 of5

Quality Control

Analyte Symbol Unit Symbol

Dotoctlon Umit Analysis Mothod

GXR·1 Moos GXR·, Cal'!

WMG-1Mom:. WMG-1 Cart DH·1a Mom;

OH.1oCart

DH-1n Moa::

DH·1I1Cort

DNC.1 Mans D~C.1 Colrt BIR·1 Moa::

SIR·10ort

GXR·zMollS GXR-2Col't

l.KSD-3 MoDS U<SD-aCan

MAG-1 (Doploled) MODS

MAG-1 (Doploted) Cort

SY-2Moos

SY·2Car!

SY·2MoDS

SY-2Cart

W·2IlMoDS

W·2IlCort

BL.-4u Moas

BL-WCort

BL-4Q MollS

SL.-40 Cort

CTA-AC.1 MODS

CTA·Ac.1 Cort

021210rig

02121 Split

0213301lg

02133 Spill

Mathod alMIt Mathod Blank

Mathod Siank Mothod Blaok

Activation Laboratories Ltd. Report: A08-3116

v Cr NI Cu Gil Go

~ ~ ~ ~ ~ ~ ~ ~ ~

5 20 1 20 10 30 1 5

FUs-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS

71 80

173 149

148 148 324

313

sa 52 711 82

130

140

257

262

107

104

<5

<20

12

900 710

310

2135 4.:10

382

40 3fJ liD 87

1eO 97

100

112

<20

8 240

200

65

55 60

51

10

9

35

30

24

20

52 4.:1

<1

50

41

3710 2700

340 247

240

166

30

21

70

47

SO

53

110

70

<20

1100

1110 6170

5900

100 96

120 125

90

76 30

3S (11)

30

100

110

60

54

< 10

730

760

110 110

250 ~6

70

71 48D

530

140

152 130

130

60

80

30

38

<30

15 14

9 1D

12

15 14

18

33

37

19

20

15

17

<1

2.

< 1

424

ltV 17

<5

o <5

o 33

25

45 27 15

<5

<5

Sr y Zr Nb Mo In So Sb Col Pr

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

2. 2. S Z 0.5 0.2 0.5 0.5 :; 0.1 0.1 O.OS

FUS-MS FUS-MS FUS-MS FU5-MS FUs-MS FU8-MS FU5-MS FVS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FV8-MS FUS-MS

14

4

5 <2

83

78

75

78

147

149

20 21

<2

2Il3

V5 36

41

141

145 105 108

155

160

240

240

131

146

1BII

1ao

<2.

Page 4 of5

31

32 15

12

18

18

17 16

10 17

30

30 V

28

23 24

351 272

<1

38

41

15

16

262 289

1GB 178

118

1213

97

94

<5

<1 1

'1 11

7

12

12

<1

16 18

<2 1

<2

<2 1

<2

2

<2 2.

<2 2

<2 1

<2

31.6

31.0

2.0

2.7

<; 0.5

0.0

< 0.5

0.0

14.2 11.0

2.5 2.7

<0 . .5

0.1

<0.5

0.0

<0.5

0.0 0.8

< 0.2

0.3

<0.2

0.2

<0.2

54

54

2.

2.

<1

2

2. 2.

4

4

<1

120

122

4.7

1.6

1.4 1.0 0.0

0.6

29.8

49.0

1.2

1.3 1.5 1.0

2.6

0.6

<0.5

2.8

3.0

<0.5

D.S

<0.5 0.3

<0.5

0.0 5.(J

5.2

2.3

2.3

8.5 B,6

0.6 1.0

<0.5

Il44 75a

106

114

97

114

o 7

2030

2240

G15 aBO

443

479

181

162

7.9

7.5 8.1

8.2

3.9

3.a 0.7

0.0

ZT.5 25.1l 50.9

52.0

41.9 4.:1,0

11.1

10.0

15,2

17.0

16.4

18.0

0.3

10.6

2.1

2.0

54.0

51.4

93,8

90.0

83.S

88.0

2:3.5 23.0

842 ,. 2:000 ,. 3000

767 2176 3326

<3 <0.1 <0.1

1.05

1.30 0.37

0..38

9.12

9,:10

<0.05

Quality Control

Ao.:alytQ Symbol

Unit Symbol

Dotcction Umit lAnalysls Mothod

GXR·1 MoO$

GXR·1 Cort

WMo.1 MOils

WMG-1 Cort

DH·1IlMollS

DH-1QCoJt

DI-MoMoDS

DH·10 CI)I'\

ONC-1 Mllll~

DNC-1 CQrt

BIR·1 Milos

BIR·' Cort

GXR·2MoDS

GXR·2Cor1 LKSO·3MI)l)l:

LKSo.:J Col'\

MAo.1 (OcplOlod) Moos

MAG..1 (Ooplolo(l) Cort

SY·2Mo!l~

SY-2Corl

SY-2MoO$

SY-ZCort

W·'2.QMollS

w.'2.QCort

eL~MD(lS

BL-4a CQrt

BL-4n MOils

BL-4l1 Cort

CTA-AC-1 Mails

CTA-AC-1 Cort

021210nll

02121 Split

021330rig

0213351'111

Mnthod Bl,mk Moll'lod Blllnk Mo!hod BIIlO!t Mothod Blank

Activation Laboratories Ltd. Report:

Nd Sm Oy Ho Tm Yb Hf Tn w n Pb 61 u ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ U ~ 1 ~ & U ~ ~

FUS-Ms FUS-MS FUS·MS FUS-MS FUS-MS FUS-MS FUS-MS PUS-MS FUS-MS FUS-MS FUs-MS FUS-MS PUS-MS FU$..MS FUs-MS FUS-MS FUS-MS FUS-MS FUS-MS

6.7

18.0

9.5

9.0

5.1

4.9

2.5

2.5

21.3

19.0

4.S.2

44.0

37.1

3I.l.0

13.4

13.0

1200

1087

<0.1

3,0

2,7

2.4

2.3

1.5 1.4

1.2

1.1

3.9

3.5

6.1

!I.o

7.1

7.5

3.4

3.3

173

162

< 0.1

0.87

O.GIl

0.76

D.!l2

0,$5

0.59

0.55

0.54

0,63

0.81

1.52

1.50

1.47

1.00

1.14 1.00

46.6

48.7

<0.05

4.0

4.2

2.0

2.0

1.11 Ul :U 3.3

5.8

5.8

127

124

<0.1

0.8

0.1l

0.4

0.3

0.4

0.4

0.4

0.4

0.5

0.5

0.9

1.0

0.9

1.0

0.7

0.6

15.4

13.a

<0.1

4.9

4.3

2.5 2.8

2.8

2.7

2.6

2.5 3.1

3.3

4.a 4.9

S.O

5.2

3.9

3,8

<0.1

0.5

0.5

0.6

O.G

0,6

0.6

1.0

1.0

0.8 0.8

<0.1

2.1

2.0

1.11 1.7

2.8

3.0

2.4

2.5

< 0.1

0.42

0.43

0.22

0.20

0,33

0.38

0.28 0.28

0.30

0.30

0.43

0.43

0.3G 0.3l!

< 0.05

2.3

1.9 1.3

1.3

2.0

2..0 1.7 1.0

UI

2.0

2.6

2.7

2..6

2.6

2.1

2,1

11.3

11.4

<0.1

0.31

0.28

0.20 0.21

0.30

0.32 0.2(;

0.26

0.28

OZl 0.41

0.40

0.36 0.40

0.31 0.33

1.09

1.08

<0.04

Page 5 of5

0.9

1.0

1.5

1.3

1.1

1.0 0.6

0.6 7.0

8.3

4.3

4.8

3.2

3.7

2.6

2.0

1.7

1.1

<0.2

<0.1

0.2

0.3

0.5

<0.1

0.1

<0.1

0.0

O.B 0.11 o.S 0.7 1.1

1.1

O.S 0.5

2.7

2..0

< 0,1

164

1M <1

<1 I)

<1

2 <1

2

<1

<1

0.5

0.4

<0.1

0.0

<0.1

0.0

0.9

1.0

0.4

O.G

<0.1

0.2

< 0.1

728

730

18

15

<5 6

<5 3,

415

690

24 211 23

24

11

<5

131.l0

130{)

<0.4 0.0

<0.4

0.0

<0.4 0.7

<0.4

0.3

<D.4

0.0

< 0.4

2.6

2.4

1.2 1.1

0.3

0.2 <0.1

0.0

9.1 6.8

11.4

11.4

11.6

11.9

2.3 2.4

24.2

21.6

<0.1

33.8

34.9

0.7

0.6

< 0.1

0.1

< 0.1 0.0

3.1 2.9

4.5

4.6

2.6

2.7

0.5

0.5

4.3

4.4

< 0.1

U

ppm

0.1

DNe

2630

2629 2000

2620

285

Z64

283

284

1200

1248

1250

1248

18.8 10.7

152

15.0

<0.1

MllS!>

ONe.

1.031

1.048

1.012

1.070

1.000

-~. .

CD oW 1:: "0 C o .t: U ....... ~ U

~

'- -

chart60

1000

100

'~---..,

~ ~ ~~ ~ ~ ~ "'-~~ ~---

~'---- :k-----:A._A

10 l I

~-+----. ---.~

.~.--- .-----.-----. ---.-----.-

1 -1-.

La Ce Pr Nd Sm Eu Gd Tb

page 1

~O<l- > II b r----I -.- 2122

2124

----<>-- 2125

-;6;- 2126

---0---

-x--

--)1(--

~.

Quality Analysis ... Innovative Technologies

Pele Mountain

2200 Young Street, Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Mark Smethurst

Date Submitted: 23-Sep~08

Invoice No.: A08-6476

Invoice Date: 17-0ct-08

Your Reference: ELLIOT LAKE 145

CERTIFICATE OF ANALYSIS

51 Rock samples were submitted for analysis.

The fol/owing analytical packages were requested: Code Specific Gravity Pulp Code 5D~U-Total DNC

REPORT AOB-6476 Code Specific Gravity Core - Core

ThIs report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability Is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES lTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1335 Sandhm Drive, Ancas\er, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or +1.688.228.5227 FAX +1.905.648.9613

E-MAil ancaster@actJabsinlcom ACTlABS GROUP Vo.IEBSITE hltp:llwww.actlabsinlcom

Activation Laboratories Ltd. Report: A08-6476 "

Analyto Symbol u Mass spoc Gmv Spoc GmvCom .

Unit Symbol ppm

Dotoction Umit 0.1 0.01 0.01

Analysis Mothod ONe ONe GAAV GAAV

03101 280 1.011

03102 35.2 1.067

03103 72..6 1.078

03104 20.5 Ul36

03105 97.11 1.048

03106 12.8 1.059

03107 103 1.021

031011 80.1 1.068

03109 25.4 1.018

03110 114.1 1.041

03111 112.8 1.039

03112 23.7 1.0G8 2.62 2.67

03113 148 1.[lSZ

03114 08.1 1.026

03115 157 1.064

03118 Zl9 1.099

03117 7ll.9 1.01l0

03118 91.8 1.072

03119 21M 1.014

03120 142 use 03121 15.0 1.041

03122 254 1.053

03123 n.5 1.078

03124 173 1.068

03125 23.3 1.019

03121l 416 1.018 2.BG 2.l\3

03121 248 1.0213

03128 117 1.014

03121) 222 1.040

03130 80.3 1.044

03131 51.0 1.053

03132 1650 1.018

03133 655 1.058

03134 390 1.060

03135 15.4 1.021

03138 51.8 1.044

03137 318 1.0111

03138 2.1 1.028

03139 118 1.058

03140 31.S 1.007

03091 67.4 Ul85

03092 41.8 1.0eo

03093 59.7 1.082

030114 93.1 1.092

00095 73.5 1.025 2.61 2.67

030116 57.2 1.060

03097 65.3 1.029

03098 155 1.054

03099 ZlII 1.033

03100 89.8 1.047

03141 5!1.5 1.027

Page 2 of3

Quality Contra)

Analyto Symbol

Unit Symbol

Ootoctlon Umit Analysis Mothod

OH-1IlMoQ5

DH-1nCort

DH-1aMollS

DH.1IlCQIt

SY-ZMoas

SY·2Cerl

SY·ZMoQ5

SY.2Cort

BL.-4lIMQQ5

BL-4£ICort

BL.JIllMoll$

BL-4a Colt 031300rlg

03130SpUl

031000rlg

03100 Spill

031410rig

03141 SpUI

Mothod SIMko Mothod Bklnk Mothod Bklok Mothod Blank

U

ppm

0.1

ONe

2650

2630

2640

2630

286

264 289

2114

1210

1250

1250

1250

60.3

80.0

69.S

78.0

59.5

lI2.1l .: 0.1

Mass spoc Gmv

0.01

DNe GRAV

1.Q.4.4

1.019

1.047

1.Cl2S 1.027

1.091

1.000

<i).01

Activation Laboratories Ltd. Report:

Page 30f3

Quality Analysis ,..

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Innovative Technologies

Date Submitted: 29-Sep-08

Invoice No.: A08-6673

Invoice Date: 17-0ct-08

Your Reference: Elliot Lake

CERTIFICATE OF ANALYSIS

81 Rock samples were submitted for analysis.

The following analytical packages were requested: Code Specific Gravity Pulp Code 5D-U-Total ONe

REPORT A08-6673 Code Specific Gravity Core - Core

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY:

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Safldhill Drive. Ancaster, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or +1.888.228.5227 FAX +1 .905.648.9613

E-MAIL ancastet@actlabsinlcom ACTIABS GROUP WEBSITE http:/AwlW.acUabsinlcom

~ ,

Activation Laboratories Ltd. Report: A08-6673 Analyto Symbol u MIl!IS SpocGrov Spoc

Grnv Core

Unit Symbol ppm

Dotoction Umit 0,1 0.01 0.01

Analysis Mothod ONe ONe GRAV GRAV

0:1145 31.3 1.080

03146 218 1.051

03141 57.0 1.043

03148 2:31 1.009

03149 00.11 1.071

0315C) 46..3 1.069

03151 11.0 1.024

03152 11.3 1.069

03153 18.9 1.031 2.62 2.64

03154 590 1.0~2

03155 88.2 1.074

03156 302 1.040

03157 436 1.072 2.74 2.113 031se nz 1.015

03159 180 1.056

03160 628 1.048

03181 2.7 1.014

03162 532 1.082

03163 214 1.030

03164 428 1.067

03165 20.1 1.049

03166 4110 1.074

03167 872 1.081

03168 13.4 1.04&

03169 344 1.068

03170 36.1 1.042

03171 503 1.025

03172 76.4 1.024

03173 63.0 1.066

03174 133 1.033

03175 370 1.061

03178 316 1.050

03171 224 1.081

03178 16.6 1.026

03179 13.4 1.032

03180 572 1.018

03181 12..3 1.060

(311)2 1.2 1.071

03163 117 1.0S1

03184 15.6 1.071

03165 260 1.031

03100 32.0 1.061

03167 165 1.008

03188 173 1.072

031811 131 1.074

03190 22.& 1.057

03191 40.7 1.045

0011"1Z 33.1 1.072

03193 342 1.037

03194 38.8 1.038

03105 858 1.D83

Page 2 of4

Activation Laboratories Ltd. Report: A08-6673 Analyto Symbol u MIllIS SPQC Grnv Spa.:

GrllvCoro

UnitSymhol ppm

Dotection Umit 0.1 0.01 0.01

Analysis Mothod oNe DNe CAAV GRAV

03196 2O.Q 1.0G8

03197 268 1.038

03198 39.0 1.021 2.58 2.68

03199 75.6 1.005

03200 15.7 1.0112

03201 20.5 1.090

03202. 115 1.00B

03203 201 1.076

03204 123 1.054

0320S 201 1.0&5

03206 19S 1.076

03207 269 1.079

032011 oO.a 1.0\18

03209 390 1.060

03210 239 1.063 .'loSll 2.73

03211 584 1.0113

03212 563 1.076

03213 2160 1.063

03214 2.74 1.0541

03215 33.1 1.094

03216 14.0 1.000

03217 310 1.090

00218 41B 1.021

03219 458 1.074

03220 3240 1.0B3

03221 993 1.061

03222 S2..8 1.030

03223 77.0 1.035

03224 200 1.018

OJ22S 20.1 1.052

Page 3 of4

Quality Control

Analyto Symbol

UnltSymbo!

Dutoction Umlt Analysis Mothod

OH·1aMoos

OH-1aCort

OH-1I1Mam;

DH.1nCor\

SY·2MollS

SY.2Cor\

SY-2MDOS

$Y·2 CM BLAn MOllS

BL-4JJCort BL-411 Mow;

6L-4IlCort

0:l1740ng

03174 Spill

0:;1194 Drlg

03194Splil 03196 arl!)

031980up

D3204DriII

032043plll

0322S0rill

0322SSpIU Mothod Blnnk Mothot! Blonk MethOd Blank Mothod Blank

U

ppm

0.1

ONC

2650

2630

2640

2630 ZOO

264

2&9

284 1270

1250

1250

12S0

133

1lS 38.11 43.6

1Z3

120

20.1

20.S

<0.1

MllSS $pOC GI1lV

ONe

1.033

LOSS

1.038

1.059

1.054

1.086

1.052

1.040

1.000

0.01

GRAV

2.56

2.59

<0.01

Activation Laboratories Ltd. Report: A08-6673

Page 4 of4

, F.

Quality Analysis ...

Pele Mountain

2200 Young Street, Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Mark Smethurst

Innovative Technologies

Date Submitted: 17-Sep-08

Invoice No.: A08-6269

Invoice Date: 17-0ct-08

Your Reference:

CERTIFICATE OF ANAL YSIS

38 Rock samples were submitted for analysis.

The following analytical packages were requested: Code Specific Gravity Core - Core Code 50£U-Total DNe

REPORT A08-6269 Code Specific Gravity Pulp

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability Is Ifmited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive, Aneasler, Ontario Canada 19G 4V5 TELEPHONE +1 .905.648.9511 or +1 .888.228.5227 FAX +1 .905.648.9013

E-MA!l ancasler@actJabslnlcom ACTlABS GROUP WEBSITE hltp:JIvI\\Iw.act!absinlcom

Activation Laboratories Ltd. Report: A08~6269

Analyto Symbol u Mn:;n SPDO Grnv SPDt. GroveDi'll

Unit Symbol ppm

Dotoctlon Umit 0.1 0.01 0.01

!Analysis Mothod DNe DNe GRAV GRAV

03030 12.1 1.011

030a1 Zl9 1.064

03032 50.7 1.1143

03033 25.3 1.0117

03034 74.11 1.057

03035 6.5 1.028 2.53 2.67

03036 44.1 1.Q76

03037 12.6 1.076

03038 1.4 1.053

03039 121 1.065

03040 258 1.045

03041 1a.s 1.041

03042 261 1.056

03043 4.1 1.053

03044 046 1.094

03045 13.0 1.040

03046 196 1.043

03047 26.3 1.017

03043 266 1.015

03D49 20.9 1.077

030S0 352 1.006

030S1 65.7 1.037

03052 292 1.068

03053 64.0 1.039

03054 535 1.038 2.75 2.07

03055 413 1.026

03056 21.11 1.034

03057 276 1.059

03058 24.4 1.027 0305(1 J30 1.056

03060 1.7 1.036

03061 518 1.032

03062 365 1.044

D3ca3 31.0 1.042

03064 202 1.053

OlOGS 11l.5 1.065

030£16 12.0 1.01.l3

03067 11.2 1.080

Page 2 of3

Quality Control

IAnillyto Symbol

Unit Symbol

Dotection Limit

Analysis Mothod

OH·10 MOOIl

DH-1aCort

OH-1nMOJls DH-1oCoIt

SY-2 Moas SY·2Cort

SY-2 MoIlS

SY-2Cort BL-40Moos BL-40 Cort BL .... lI Moas BL .... aCOrt

030590rlg

030SI/Spill

030670l1g

03097 Spilt

Method Blank Mothod Billof(

Method Blank Mathoa Blonk

u ppm

0.1

ONC

26SD 2630

2040

2630

286

284

269 2.84

1270

1250 1250

1250

338

338

11.2

11.0

<0.1

Moss SpooGI'lIV

0.01

ONC GRAV

1.058

1.054

1.D80

1.01)5 1.000

<0.01

Activation Laboratories Ltd. Report: A08~6269

Page 3 ofS

Quality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Innovative Technologies

Date Submitted: D9-Dct-D8

Invoice No.: AD8-6960

Invoice Date: 16-0ct-08

Your Reference: PM 150

CERTIFICATE OF ANALYSIS

77 Rock samples were submitted for analysis.

The following analytical package was requested: Code SD-U-Total DNC

REPORT ADS-6960

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permisSion must be obtained. If no Instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability Is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph. D. Quality Control

1336 Sandhill Drive, Aneasler, Ontario Canada 19G 4V5 TELEPHONE +1.905.648.9511 or +1.888.228.5227 FAX +1 .905.648.9613

E-MAIL ancasler@acllabsint.comACnABSGROUP..NE.BSITE hUp:IIw,'.w.acliabsinlcom

--...

Activation Laboratories Ltd. Report: A08-6960 Analyte Symbol u Mass

UnitSymbo[ ppm ~

" ,Dotod:ion UmJt 0.1

!Analysis Mothod ONC ONC

032S9 4S.4 1.069

03290 85.7 1.029

03291 44.2 1.094

03292 65.9 1.O1l1

03293 fl4.4 1.01l2

03294A 40.2 1.039

03295 45.9 1.057

03296 209 1.071

03291 34.0 1.061

032{l8 199 1.011

03299 49.:1 1.088

00300 140 1.049

03301 32.4 1.044

03302 88.0 1.064

03303 42.7 1.042

03304- 71.4 1.036

00305 06.0 1.077

03306 118 1.0311

03307 82.6 1.039

03308 114 1.02:9

0331)9 61.3 1.086

03310 2B.O 1.0311

03311 67.3 1.020

03312 37.0 1.007

03313 as.1 1.094

03314 2:4.9 1.051

03315 131 1.062

03316 1.3 1.099

03317 111 1.055

03318 11S 1.004

03319 110 1.060

03:J20 55.1 1.048

03321 143 1.0S1

00322 154 1.02:4-

03323 171! 1.062

03324 55.9 1.018

03325 52.5 1.053

03326 43.1 1.071

03327 35.2 1.C1E18

03328 38.5 1.037

03329 122 1.034

03330 34.0 1.045

03331 1£11 1.025

03332 21.1 1.025

03333 109 1.088

03334 50.5 1.090

03335 12.7 1.0111

03336 1.4- 1.026

03337 119 1.084

03336 14.1 1.043

03339 S2.J 1.019

03340 41.1 1.052

Page 2 of4

Activation Laboratories Ltd. Report: A08-6960 Analyte Symbol u MII:>:i

Unit Symbol ppm

Ootoctlon Umlt 0.1

Analysis Mothod ONe ONe

03341 26.9 1.029

03342 573 1.092

03343 30.6 1.014

03344 37S 1.063

0334.5 2&1 1.057

03346 419 1.090

03347 363 1.064

03348 312 1.098

03349 61.8 1.011

03350 651 1.066

03351 501 1.034

03352 13.1 1.082

03353 227 1.024

03354- 447 1.057

03355 941 1.050

03355 3.0 Lose 03357 90(1 1.053

03358 66.S 1.010

03359 250 1.018

03360 458 1.087

03361 409 1.090

03362 20,1 1.0e1

03363 IIII.S 1.077

03364 19.2 1.016

0321)46 26.5 1.066

Page 3 of4

Quality Control

AnalytQ Symbol

Unit Symbol

Dotoction Umit Analysis Moti'tod

01-\.111 MoIlS

DH-10 Cart

DH-1QMoII1l

DH.1I1Cort

DH-1aMoos

DH.1oCort

DH·1QMoos

DH.1IlCort

SY·2MolI:I

$'(.2 Cort

SY.2 MOIlB

SY-2Colt

SY·ZMoos

SY·ZCclt

SY·2Mlltln

S¥-2Cort

BL..4aMolI:I

BL..4aCoI1

BI...4a Moas

BI. .... l!.COrt

BL..040.MolIS

BL..040.Cort

BL-41l MoIlS

BL..040.Cort

033111 Orlg

03318 Spill

033380Iig

0333BSplll

03348011g

03348Splll

03294BOrlg

03294B Spilt

MethOD Blank. MOlhod Blank M(dhod Blonf( Mothod Siank.

u ppm

0.1

ONe

2670

2630 202Q

2G30

2G10

Za30

21120 2830

265 2fl.4

280

2fl.4

285

2fl.4

290

284

1280

1250

1260

1250

1280

1250

1260

1250

115 123

14.1

14.D 312

311

28.5

27.2

<0.1

<0.1

ONe

1.004

1.019

1.043 1.094

1.098

1.031 1.088

1.046

1.000

1.000

Activation Laboratories Ltd. Report: A08-6960

Page 4 of4

Quality Analysis ...

Pele Mountain

2200 Young Street! Suite 905 Toronto Ontario M4S 2CS Canada

ATTN: Mark Smethurst

Innovative Technologies

Date Submitted: 11-Sep-08

Invoice No.: AOS-607?

Invoice Date: 10-0ct-08

Your Reference: Elloit Lake PM-142

CERTIFICATE OF ANALYSIS

45 Core samples were submitted for analysis.

The following analytical packages were requested: Code Specific Gravity Core - Core Code 5D-U-Total DNC

REPORT AOS-S077 Code Specific Gravity Pulp

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 SandhnJ Drive, Aneasler, Ontario Canada L9G 4V5 TELEPHONE +1 .905.648.9011 or +1 .888.228.5227 FAX +1 .905.648.9813

E-MAIL ancaster@actlabslnlcom ACTLABS GROUP V'IIEBSITE htl.p:llw",vw.actlabsinlcom

Activation Laboratories Ltd. Report: A08-6077 AnQlytD Symbol U M1I5S SpocGrav Spoc

GravCoro

Unit Symbol ppm

Dotoction Umit 0.1 0,01 0.01

Analysis Mothod ONe DNe GRAV GRAV

027116 16,1 1,070

02799 1.7 1.05.2.

02800 1174 1.011

02801 1813 1.008

02802 94,9 1.002

02803 145 1.009

02804 144 1.041

02805 153 1.077

028013 89.0 1.068

02807 009 1.0112

02BOB 157 1.030

028119 21.4 1.096

02810 288 1.093

02811 43,7 1.050

02812 14.1 1.065

caB13 115 1.059

02814 109 1.aSB

02B1S 9.7 1.046

02816 271 1.063

02817 45.6 1.091

02B18 12.9 U}13

03006 48.7 1.011

03007 15.3 1.056

03008 21B 1.054

03009 34.9 1.028

03010 44a 1.083

03011 101 1.038 2.68 2.73

03012 11.0 1.098

03013 453 1.024

03014 224 1.070

03015 48.7 1.023

03016 166 1.083

03017 81.4 1.084

03018 833 1.C35

03019 923 1.080

03020 1110 1.1:153

03021 3.2 1.037

03022 117 1.017

03023 338 1.018

03024 22.1 1.036

03025 1030 1.067 2.82 2.83

03028 15.6 1.025

03027 297 1.083

030211 84.0 1.074

030211 7.6 1.086

Page 2 of3

Quality Control

Analyto Symbol UnltSymboJ Dotoctlon Umit Analysis Mothod

OH-111Moos

OH-1t1Cort DH-111Molm

DH-1D Cort

SY.2MQIl:l

SY·2Colt

SY.2Mow

SY-2Colt

BL..oIllMoOll BL..oIllColl

BL-4aMoll:l BL-4a Colt

030140ng D3014Splil

030200rlg

03029 Spill

Method Blank. Mothod Blank Mothod Blank MoUwd Blank

u ppm

0.1

DNe

2600

2630

2660

2530

261

ZB4 282

284 1270

1250 12110

12S0

224

228

7.f.! 8.0

cO.1

MllSS Spoc Groll

0.01

ONC GRAV

1.070

1.061

1.0S6

1.011

1.00D

<0.01

Activation Laboratories Ltd. Report:

Page 3 of3

Quality Analysis ... Innovative Technologies

Pele Mountain

2200 Younge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Maria Bennett

Date Submitted: 14-Aug-08

Invoice No.: AOB-51 07

Invoice Date: 06-0ct-OB

Your Reference: PM 125/126

CERTIFICATE OF ANALYSIS

50 Rock and Soil samples were submitted for analysis.

The following analytical packages were requested: Code 5D-U-Total ONe Code Specific Gravity Pulp

REPORT A08-S107

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive, Ancasler, Ontario Canada 19G 4V5 TELEPHONE +1.905.648.9811 Of

+1.888.228.5227 FAX +1.905.648.9613 E-MAIl ancaster@actlabsinlcom ACTLABS GROUP WEBSITE http:lAVMII.actJabsinlcom

Activation Laboratories Ltd. Report: AOB-5107 Analyte Symbol u MIlS:!. spooGrov

Unit Symbol ppm

Dotoctlon Umit 0.1 0.01

Analysis Method ONC ONC GRAV

o23M 9.0 1.092-

02365 14.8 1.058

02356 1'10.8 1.038

02357 236 1.081

02386 171 1.049

02369 8.7 1.053

02370 26$ 1.035

02371 97.6 1.012

02372 1810 1.076

02373 3530 1.053

02374 2.5.7 1.017

02375 522 1.074

02376 737 1.021

023n 602 1.038

02378 789 1.074

02379 474 1.066 2.119

02380 25.4 1.046

02381 174 1.046

02382 55.7 1.064

02383 S8,S 1.0M

02384 391 1,024

023/lS 17.2 1.075

023116 21.5 1.074

02387 252 1.012

02388 58.7 Ul39

02389 410 1.045

02390 42 1.047

02391 11[1 1.057

02392 9.5 1.053

02393 743 1.058

02394 93.0 1.05S

023115 522 1.054

023119 42.3 1.071

02397 240 1.085

02398 307 1.060 2.74

02399 62.9 1.084

02400 3113 1.0112

024111 359 1.06e

02402 159 1.065

02403 42.11 1.047

02404 174 1.054

02405 1430 1.044

02406 588 1.041

02407 70.5 1.074

02408 72.8 1.088

02409 10.0 1.046

02410 350 1.060

02411 34.1 1.022

02412 3.1 1.0:13

02413 520 1.058

Page 2 of3

Activation Laboratories Ltd. Report: AOS-5107

Quality Control

Analyto Symbol U MIlSS Spec Grnv

Unit Symbol ppm

Dotoctlon Umit 0.1 0.01

DH-1a Moss 2590

DH.l11Cort 2630

DH-1o. MoIlS 2670

DH-1a Cort 2630

SY-2MeQ5 264 SY.2Cort 284

SY·2MolIS 2114

SY·ZCclt 2114 BL-40 MalIS 1250

BL-40Cort 1250

BL-40 MoIlS 1280

BL-40 Cort 1250

OZ37QOrlg 2.87

D2379Dup 2.91

023930rll1 743 1.056

0Z303Split 759 1.031

024120rlg 3.1 1.033

02412 split 2.8 1.042

Molhad BIDnk: Mothod < 0.01 BIDnk:

M()lhod Blank Method <0.1 1.000 Blank

Page 3 of3

Quality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Innovative Technologies

Date Submitted: 09-Sep-08

Invoice No.: A08-6013

Invoice Date: 06-Dct-08

Your Reference:

CERTIFICATE OF ANAL YSIS

31 Rock samples were submitted for analysis.

The following analytical packages were requested: Code Specific Gravity Pulp Code 50·U-Total ONC

REPORT A08·6013 Code Specific Gravity Core - Core

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no Instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1338 Sandhill Drive, Ancaster. Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9011 or +1.888228.5227 FAX +1 .905.648.9013

E-MAIl ancaster@acUabsintcom ACTl.ABS GROUP WEBSITE http:INNiW.8c1labsintcom

Activation Laboratories Ltd. Report: Analyto Symbol u MDSlI Spoc GIllV Spoc

GrnvCoro

Unit Symbol ppm

Dotoctlon Umit 0.1 0.01 0.01

Analysis Method ONe DNe GRAV GRAV

02721 15.1> 1.030

02722 234- 1.043

02723 7.2 1.07&

02724 313 1.082

02725 2.7 1.081l

02726 . 543 1.D32

02727 88.S 1.044

02728 79.4 1.037

027Zll 32.3 1.081

0273{J G.3 1.032 2..64 2.65

02131 9.0 1.01lS

02732 36~ 1.075

02733 172 1.092

02734 23.S 1.063

Oln5 608 1.012

OZ736 240 1.079

02737 43.2 1.045

02738 asa 1.0115

OZ73!) 398 1.004

OZl40 244 1.054

02741 243 1.024

02742 S69 1.065 2.86 2.73

02743 292 1.012

02744 2.5 1.036

02.745 689 1.0B1

02146 16.0 1.031

02747 325 1.029

02748 12.5 1.036

02749 15.0 1.035

02750 1.7 1.008

02751 1020 1.036

Page 2 of3

Activation Laboratories Ltd. Report:

Quality Control

Anlllyto Symbol U MOSll Spoc. Groll

UnltSymbol ppm

Dowetion Limit 0,1 0.01

Analysis Mothod ONe ONe GRAV

DH.1oMoll:l 2600

OH-1nCort 21330 Oti-111MolIS 2660

OH-ia Cort 2630

SY'ZM!UlS 281

SV-2 Cort 204

SY-2MollS 282

SY·2Cort 284

BL-4oMolIS iZ70 8L-4rlCort 1250 BL-41l MOil/) 1.290

6L-4ilCort 1250

0Z7So0rlg 1.1 1.096

02750 Spill 2.2 1,095 Method Blnnk Mathocl < 0,01 Blonk Molhlld Stili'll!; Molhll<l <D,1 1,[)00 Blank

Page 3 of3

Quality Analysis ...

Pele Mountain

2200 Younge street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Maria Bennett

Innovative Technologies

Date Submitted: 09-Sep-OB

Invoice No.: A08-6015

Invoice Date: 06-0ct-OB

Your Reference: Elliot Lake

CERTIFICATE OF ANALYSIS

46 Rock samples were submitted for analysis.

The following analytical packages were requested: Code 5D-U-Total DNC

REPORT

Code Specific Gravity Core - Core Code Specific Gravity Pulp

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test restJlts are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 SandhUI Drive, Ancaster, Ontario Canacla L9G 4V5 TELEPHONE +1.905.648.9611 or +1 .888.228.5227 FAX -t1 .9OS.648.9613

E-f'AAll ancas!er@acUabsinlcom ACTlABS GROUP WEBSITE hl!p:IA'v\WJ.actJabsinlcom

Activation Laboratories Ltd. Report: A08-6015 Analyto Symbol U MQ$lI Spa.-Grav spo.-

Grav Coro

Unit Symbol ppm

Dotoction Umlt 0.1 0.01 0.01 , AnalY31s Method ONe DNe GRAV GRAV

02752 41.0 1.028

02753 3<4.3 1.065

02754 85.7 1.1)69

02755 123 1.D12

02756 9.3 1.023

02757 76.4 1.075 2.0e; < 0.01

02756 115 1.063

02759 2.1 1.025

02760 113 1.058

02761 46.5 1.006

02762 32.7 1.022

02703 56.4 1.026

02764 142 1.088

02.765 5.4 1.D54

02766 145 1.047

02767 51.4 1.012

027B-l1 106 1.070

02769 SS.7 1.0B7

02770 168 1.050

02771 S51 1.015

02772 465 1.a41

02.713 31.11 1.071

02774 19.5 1.028

02775 60.3 1.099

02771) 61.1 1.cal!

02777 205 1.050

02778 62 1.003

02779 380 1.023 2.80 0.03

OZ780 2100 1.061

02781 59.6 1.0M

02782 2.0 1.067

02783 546 1.C77

02784 04.0 1.0411

02705 9.1 1.071

02766 17.2 1.0B1

02787 17..4 1.029

027M 11.5 1.023

02769 211.4 1.056

02790 10.5 1.052

02791 42 1.006

02792 7.3 1.081

02793 255 1.051

02794 501 1.041

027115 283 1.036

02796 QO.1 1.059

02197 94.5 1.056

Page 2 of3

Activation Laboratories Ltd. Report: A08w6015

AnaJyto Symbol U Mass SpocGrnv

!Uoit Symbol ppm

iOotDCtlOn Umlt 0.1 0.01

,Analysis Mothod ONe ONe GRAV

DH.111Mous 2600

DH·111Cort 2530

OH·1aMoDS 2560

DI-I-10 Con. 2630

SY·2 Mocw 281 5'(.2. Cort 264 5'(.2 Moos 2aZ SY·2Cort 2l!4 BL-4a MOLIn 1270

BI.-4aCort 1250

BL-4Il MOllS 1290

BL-4a Cor! 1250

027810rlg 59.6 1.088 02781 Spill 57.1 1.006 027970rlg 64.5 1.056

02797 Split 66.2 1.034

Mothod Blnnk: Molhod <:0.01 Bllll1k Mothod Btunk Mothcd <0.1 1,000 Blank

Page 3 of3

Quality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Innovative Technologies

Date Submitted: 16-0ct-08

Invoice No.: A08-7176

Invoice Date: 24-0ct-08

Your Reference: Elliot Lake

CERTIFICATE OF ANALYSIS

61 Rock samples were 'submitted for analysis.

The following analytical package was requested: Code 5D-U-Total ONe

REPORT A08-7176

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY:

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive, Ancaster, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9511 or +1.688.228.5227 FAX +1.905.648.9613

E·MAIL ancas!er@acUabsinlcom ACTLABS GROUP WEBSITE hltp:/IvM'W.actlahsmlcom

Activation Laboratories Ltd. Report: A08-7176 Analyte Symbol U Mass

Unit Symbol ppm

Dotection Umit 13.1

Analysis Mothod ONe ONe

03397 21.7 1.031

03308 12.2 1.045

03399 117 1.074

03400 7.5 1.091

03401 70.8 1.0aa

03402 32.7 1.040

03403 2013 1.0S0

03404 18.6 1.065

034QS 449 1.D20

03406 440 1.0110

03407 13.5 1.045

0340B sae 1.066

03409 481 1.077

03410 13.1 1.071

03411 99.3 1.076

03412 3.G 1.081

03413 1230 1.032

03414 1400 1.059

133415 787 1.042

034113 380 1.03P

03417 1130 1.061

03418 1tl.a 1.0913

03419 438 1.1358

03420 2.1 1.068

03421 515 1.061

03422 246 1.062

03423 18.5 1.081 03424 34.4 1.032

03425 13.8 1.014

03426 23.9 1.097

03427 45.0 1.075

03428 22,0 1.0S1

03429 874 1.050

03430 39.1 1.073

03431 78.7 1.059

03432 227 1.036

03433 50.6 1.085

03434 220 1.088

03435 602 1.079

0343G 103 1.059

03437 39.4 1.077

0343S 358 1.088

03439 111 1.050

03440 B.2 1.056

03441 645 1.0111

03442 148 1.003

03443 121 1.0B4

03444 674 1.022

03445 1170 1.028

03446 1200 1.040

03447 034 1.080

03448 1310 1.072

Page 2 of4

Activation Laboratories Ltd. Report: A08-7176 Analyto Symbol u MllllS

Unit Symbol ppm

Ootoctlon Umit 0.1

AnaJysis Mothod ONe ONe

03449 B.B 1.£139

03450 979 Me9 03451 343 1.0112

03452 54.0 1.061

03453 478 1.058

03454 43.1 1.051

034S5 565 1.061

034SB 2.7.2. 1.073

03457 111.2 1,054

Page 3 of4

IQualily Control Analyte Symbol

Unit Symbol :Ootoctlon Umlt

\AnaIYSiS Mothod

DH-1IlMollS

OH·111 cort

SY·ZMoBS

SY-ZOort

SY-2.Mcn::

SY·2Cort

BL..otaMollS

BL..ota~rt

BL..ota MOQ5

BL-4a Cort

0342(lOrig

OJ425Spllt

034480rig

03446 SpilL

D34570rl" 034S7Split

Mothod BlanK Muthod 6laok

u ppm

0.1

ONe

2580

2G30

265 284

280

2M 1280

1250

1280

1250

23.9 23.0

1200

1200

18.2

19.2 < 0.1

ONC

1.097 1.080

1.040

1.095

1.054 1.085

1.000

Activation Laboratories Ltd.

Page 4 of4

Report; A08-7176

)

Q!1ality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Innovative Technologies

Date Submitted: 19-Nov-08

Invoice No.: AOB-8062

Invoice Date: 24-Nov-08

Your Reference: ELLIOT LAKE PM 166

CERTIFICATE OF ANAL YSIS

28 Rock samples were submitted for analysis.

The following analytical package was requested: Code 50-V-Total DNC

REPORT A08-B062

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructIons were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability Is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY:

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive, Ancaster, Ontario Can2da 19G 4V5 TELEPHONE +1.905.648.9011 Of

+1 .888.228.5227 FPX +1.905.648.&(313 E-t.Wl arJCasler@actlabslnlcom ACTtABS GROUP WEBSITE htlp:lhNNI.actlabsinlcom

Activation Laboratories Ltd. Report: A08-8062 rev 1 Mothod Code DNe DNe

Unit Symbol ppm II

Analyto Symbol U Mn!l::

Packago Codo SO-V.Total SO-U-Tollli

Dato Analyzod 24 Nov 24 Nov 20011 2008

03892 111.6 1.032

OSllQ:J 73.0 1.020

0S894 62.1 1.0\10

031195 30.8 1.017

03B96 42.6 1.036

038117 551 1.0m

031108 221 1.001

03899 349 1.04B

O3lleD 89.1 1.1144

039[11 1070 1.04.3

03902 161 1.052

03903 1 GIl 1.009

03904 110 1.0B1

03905 06.6 1.079

03906 272 1.087

03901 53.0 1.019

039011 541 1.059

03909 320 1.CSa

D3010 62..B 1.041

03011 1460 1.084

03912 4.S 1.03"

D301::! 532 1.001

031114 814 1.01lG

03D15 221 1.002

0391B 212 1.073

03917 798 1.020

03916 1330 1.047

03919 21.5 1.070

Page 2 of3

Activation Laboratories Ltd. Report: AOa-8062 rev 1

Quality Control

McthodCodo ONe ONe

UnltSymbo! ppm

AMlyto Symbol u ~ Packago Codo S[)..I)·To\.oJ 5O-U·Talal

Dato Analyzod 24 Nov 24 Nov 2008 2008

OH-11l LABSTD 2020

DH-1a Ul.BSTO 2640 SY-2 l..ABSTO 282

SY-21.ABSTD 280

BL-4IlLABSTO 1260 BL-4IlLABSTD 1280 1)3919 Spill OrIgInal 27.5 HI70

03919 LABPREP 26.5 1.037

Page 3 of3

Quality Analysis ... Innovative Technologies

Pele Mountain

2200 Young Street, Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Mark Smethurst

Date Submitted: 18-Nov-08

Invoice No.: A08-8023

Invoice Date: 21-Nov-08

Your Reference: elliot lake pm 164/165

CERTIFICATE OF ANAL YSIS

49 Rock samples were submitted for analysis.

The following analytical package was requested: Code 5D-U-Total DNC

REPORT A08-8023

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive, Ancaster, Ontario Canada 19G 4V5 TELEPHONE +1.905.648.9611 or +1.888.228.5227 FAX +1.905.648.9613

E .. MAll ancaster@actlabsint.com ACTtABS GROUP WEBSrrE http://wMv.acUabslnlcom

Activation Laboratories Ltd. Report: AOS-8023 MothodCodo ONe ONe

Unit Symbol ppm

Analyto Symbol U MIlSS

Packago Coda So..U.TolaIS[)...U·Toml

iData Analyzod 21 Nov 21 Nov 200S 2008

03843 20.1 1.0Sl

03844 78.6 1.069

03845 203 1.087

03646 218 1.025

03847 56.1 1,037

03846 460 1.018

03849 30.9 1.03!l

0385e 661 1.069

03851 4M 1.043

03SS2 12.7 1,056

036S3 586 1.096

03854 810 1.047

03S55 sao 1,039

03&56 603 1.0«

03657 2140 1.040

03e58 25.2 1.094

03l!59 795 1.063

03660 B.7 1.054

03881 1000 1.e,!3

03662 103 1.086

03003 17.7 1.097

03864 54.4 1,093

03865 62.6 1.014

03666 30.3 1.040

03867 428 1.036

036a8 102 1.0113

03009 528 1.0113

03S70 29.S 1.050

03671 258 1.004

03S72 237 1.052

03873 60.6 1.037

0!l874 215 1.060

03875 38.8 1.069

03876 511 1.0B1

031177 372 1,()67

03678 389 1.02.2

03819 S26 1.010

03680 131 1.038

03881 1650 1.061

03682 748 1.079

03883 2$7 1.061

03664 67.3 1.061

0300S 009 1.038

03686 4l!2 1.081

03887 232 1.024

03888 1 oeD 1.014

03889 18.4 1.060

03690 6.1 1.093

03691 539 1.045

Page 2 of3

Quality Control

Mothod Code

Unit Symbol Analyto Symbol

Packago Codo

Dato Analyzod

DH·10 lABSTO

DH-1 Q LABSTO

S'l"·2LABSTO

SY·2LABSTO

BL-4a LABSTO

BL-4n LABSTD 03812 Spilt Onglnal

031:172 LABPREP

03890 SpUI Or1glnal

0389(} LABPREP

ONC

ppm

U

ONC

MIISS

5D-U-Tolnl 5D-U-Totol

2S!.10 2600

263

279

1250

1270

237

232 6.1

6.6

21 Nov 2006

1.052

1.0M

1.093

1.027

Activation Laboratories Ltd. Report: AOS...a023

Page 3 of3

Quality Analysis ...

Pele Mountain

2200 Young Street, Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Mark Smethurst

Innovative Technologies

Date Submitted: 14-Nov-08

Invoice No.: A08-7968

Invoice Date: 21-Nov-08

Your Reference: elliot lake pm 163

CERTIFICATE OF ANALYSIS

26 Rock samples were submitted for analysis.

The following analytical package was requested: Code 5D-U-Total ONC

REPORT A08-7968

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elilsa Hrischeva, Ph.D.

Quality Control

1330 Sandhill Drive, Ancaster, Ontario Canada L9G 4VS TELEPHONE +1.905.648.9611 or +1.B88.228.5227 FAX +1.905.64B.9613

E-f>1AIL encasler@actlabsint.com ACTLABS GROUP WEBSITE hllp:II\","w/.actlabsinlcom

Activation Laboratories Ltd. Report: AOS-796B MethodCodo ONC DNC

Unit Symbol ppm

Analyto Symbol u Mnss

Packago Coda SD-LI-TOUlI 5D-LI-TolD I

Data Analyzed 21 Nov 21 Nov 2008 2008

03817 B.4 1.019

03816 23.2 1.DIl1

03819 20.5 1,0\)9

03820 7.9 1.D911

03821 4.3 1.001

03822 311 1.059

03823 17.9 1.049

03824 225 1.043

03625 222 1,031

03826 1lS.2 1.094

03621 243 1.078

03828 14a 1,047

03821} 257 1.051

03830 347 1,029

03831 245 1.067

03632- 99.2 1,066

03833 66.0 1.085

03834 354 1,011

03835 390 1.035

03838 41.6 1.017

03837 1111 1.044

03838 61.9 1.054

03839 726 1.050

03840 14.2 1.010

03841 4.9 1.0411

03642 116 1,044

Page 2 of3

Quality Control

Mothod Codo

Unit Symbol

Analytc Symbol Packago Codo

Data Analyzed

OH.111 LABSTO

OH.111 LABSTO

SY·2LABSTO SY-2LABSTO BL-4Q LABSTD

BL-4n LABSTO 03841 Split Orlgi!1Jl1

03841 LAaPREP

ONe

ppm

U

ONe

MIISS

SD-U-TolDl SQ.U-Toiol

21 NOli 21 NOli 2008 2008

2630

2800

2a3 279

12SIl 1270

4.9

4.11

1.048

1.065

Activation Laboratories Ltd. Report: ADS-796B

Page 3 of3

Quality Analysis ... Innovative Technologies

Pele Mountain

2200 Young StreetJ Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Mark Smethurst

Date Submitted: 13-Nov-08

Invoice No.: A08-7921

Invoice Date; 21-Nov-08

Your Reference: elliot lake pm 162

CERTIFICATE OF ANALYSIS

31 Rock samples were submitted for analysis.

The following analytical package was requested: Code 5D-U-Total DNe

REPORT A08·7921

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive. Aneaster, Ontario Canada L9G 4VS TELEPHONE +1 .905.648.9611 or +1 .888.228.5227 FAX +1 .905.648.9513

E·MAll ancaster@actiabsinLcom ACTLABS GROUP 'N'E8SITE http://IV .... ,w.actJabsinLcom

Activation Laboratories Ltd. Report: A08-7921 Mothod Code ONe ONe

Unit Symbol ppm

AnaJyto Symbol U Mass

Packago Code 5D-U.TotoISD-lJ..Tolal

Dato Analyzod 21 Nov 21 Nov 2008 2008

03786 24.5 1.066

03767 410 1.013

0378a 20.6 1.1132

037119 12.1 1.096

03790 39.8 1.088

03791 21.9 1.041

03792 21.9 1.1)54

03793 8.5 1.066

03794 145 Ul67

03795 361 1.099

03796 108 1.083

03797 11.3 1.017

03798 122 1.0SO

03799 203 1.030

03BOO 19.0 1.001

03B01 411 1.035

03802 316 1.056

03803 6..4 1.053

03804 516 1.070

03805 0.6 1.069

03806 322 1.034

03G07 91.7 1.035

03008 5&4 1.092

03809 269 1.007

0381(] 702 1.096

03811 1360 1.074

03812 821 1.032

03813 794 1.083

03814- 491 1.082

03815 944 1.048

03816 13.3 1.032

Page 2 of3

Quality Control

Mothod Coda Unit Symbol Analyto Symbol

Packago Coda Datu Analyzod

DH-10 LABSTD

DH·11l LABSTD

SY-ZLAasTD

SY·2LABSTD

BL-40 LAElSTD

BL-4a lASSTD

031116 Spill Original

031116 LABPREP

ONC

ppm

u

ONC

50-\).. Total So-U-Tolal

21 Nov 21 NOli 200a 2008

2530

2800

283 279

1250

1270

13.3

13.1

1.032

1.036

Activation Laboratories Ltd. Report: A08-7921

Page 3 of3

Quality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Innovative Technologies

Date Submitted: 11-Nov-08

Invoice No.: A08-7844

Invoice Date: 21-Nov-08

Your Reference: Elliot Lake PM 1601161

CERTIFICATE OF ANALYSIS

60 Rock samples were submitted for analysis.

The following analytical package was requested: Code 5D-U-Total DNC

REPORT A08-7B44

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY:

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive, Measler, Ontario Canada 19G 4V5 TELEPHONE +1 .905.648.9611 or +1 .888.228.5227 FAX +1.905.648.9513

E-MAIL ancaster@actlabslnlcom ACTlABS GROUP WEBSITE hllp:/Avww.acUabsinlcom

Activation Laboratories Ltd. Report: A08-7844 IMothod Coda ONe ONe

IUnit Symbol ppm

Analyto Symbol U Mass

Packago Code 5[)'U·ToIllIS[)"U-ToloI

Dato Analyzod 21 Nov 21 NOli zooa 2DD8

03726 39.0 1.000

03727 139 1.035

03728 25.6 1.0~

037211 26.3 1.005

03730 54.1 1.077

03731 40.7 1.010

03732 41.5 1.017

03733 40.3 1.005

03734 183 1.035

03735 232 1.073

03736 14.7 1.01l1

03737 191 1.013

03738 24.2 1.007

03739 118 1.048

0'3740 GOO 1.042

03741 215 1.089

03742 11.2 1.030

03743 319 1.071

03744 lB.5 1.041

03745 29l 1.041

03746 776 1.027

03747 400 1.048

03746 MIll 1.044

03749 1.9 1.034

Ol750 1000 1.081

03751 613 1.077

03752- 1060 1.049

03753 1150 1.0B1

03754 311 1.OeS

03755 1(\1) 1.065

03756 17.3 1.060

03757 71.1 1.033

03758 9.2 1.043

03759 37.0 1.089

03760 4.9 1.011

03701 162 1.090

03702 58.4- 1.0B7

03763 9.3 1.0&4

03704 2S2 1.019

03765 501 1.097

03709 451 1.007

03767 261 1.057

03768 141 1.049

03709 100 1.027

03770 354 1.093

03771 313'1 1.090

03772 7.2 1.02.2

03713 541 1.0119

03774 525 1.054

03775 13.8 lJ'13

Page 2 of4

Activation Laboratories Ltd. Report: Method Code ONC ONC

Unit Symbol ppm

Analyte Symbol U Ma:>s

Packago Co do so..tJ.. Tolal 5[).lJ. Totol

Dato Analyzed 21 Nov 21 NOIr 2008 2008

03776 631 1.074

03m 48.S 1.0ge

03776 272 1.070

03779 334 1.071

03760 1130 1.044

03761 76.1 1.038

03762 13g0 1.009

03763 87.4 1.084

03764 21.6 1.047

03785 11.7 1.059

Page 3 of4

Quality Control

Mothod Coda

Unit Symbol

Analyto Symbol

Packago Code

Date Analyzed

0H-10 LABSTO 01--1-10 LABSTO gy·2LABSTO

GY·2 LABSTO BL-4n LABSTD

BL-4n LA.aSTD 03755 Split Onginlll

03755 lAB?RE?

03775 spilt OrtglNll

03775 lABPREP

00785 Split Origlnlll

03785 lAB?REP

ONe: ONe

ppm

U Mass

so.IJ.. TolnI5D-U·Tolal

21 NOli 21 NOli 2006 2008

2630

2600

263 219

125D

1210 168

1GB

13.8

13.0

11.7

11,8

1.0BS

1.030

1.013

1.055 1.059

1.063

Activation Laboratories Ltd. Report: A08-7844

Page 4 of4

Quality Analysis ...

Pele Mountain

2200 Younge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Maria Bennett

Innovative Technologies

Date Submitted: 10-Nov-OB

Invoice No.: AOB-7B20

Invoice Date: 21-Nov-08

Your Reference: Elliot Lake

CERTIFICATE OF ANALYSIS

55 Rock samples were submitted for analysis.

The following analytical package was requested: Code 5D-U-Total DNC

REPORT A08-7820

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no Instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive, Ancaster, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or +1.88B.228.5227 FAX +1 .905.648.9613

E-MAll ancaster@actlabsinl.com ACTlABS GROUP WEBSITE hltp:lNAWI.actJabslnlcom

'\

Activation Laboratories ltd. Report: A08·7820 MothodCodo ONe ONe

Unit Symbol ppm

,Analyto Symbol U MIllIS

\PQCkagO Codo So..U·ToIIIISD-lJ-Tolol

iDato Analyzed 21 NDV 21Nw 2008 2001.1

03671 16.0 1.099

03672 411 1.016

03673 <W.9 1.070

03674 24.4 1.004

03675 52.8 1.073

03878 83.3 1.007

03017 13.1 1.069

03878 49.0 1.096

03G79 GOA 1.075

O3BIIO 117 1.045

03681 U 1.022

03882 780 1.048

O~ 15.8 1.055

03684 205 1.064

03685 64.1 1.095

03886 45.4 1.074

03687 72.1 1.031

Q35B8 1.3 1.002

006611 125 1.079

03690 53.4 1.006

03691 191 1.057

03692 G3S 1.034

03693 204 1.008

03694 38.7 1.0GO

03695 04.4 1.041

03091.1 220 1.048

03697 62.9 1.0115

03691:1 186 1.085

036119 44.1 1.03&

03700 'lOB 1.064

03701 41.7 1.073

00702 6.B 1.035

03703 11.3 1.057

03104 33.7 1.063

03705 92.3 1.032

03706 470 1.044

03707 152 1.036

03703 212 1.070

03709 2.1 1.012

03710 532 1.07S

03711 131 1.062

00712 107 1.094

03713 439 1.039

03714 41lt! 1.045

03715 195 1.094

03710 26.1 1.063

03717 1330 1.094

037111 1400 1.017

03719 1790 1.016

03720 1760 1.024

Page 2 of4

Activation Laboratories Ltd. Report: A08-7820 Mothod Codo DNe DNe

Unit Symbol ppm

Analyto Symbol U Mass

Packago Codo SD-U-TolUl SD-U-Tolnl

Dato Analyzod 21 Nov 21 Nov 2008 200S

03721 111.0 1.01S

03722 7.5 1.048

03723 137 1,034

03724 557 1.090

03125 4.3 1.065

Page 3 of4

Activation Laboratories Ltd. Report: AOS-7S20 Quality Control

Mothod Code DNe DNe

Unit Symbol ppm

AnaJyto Symbol U MIlSS

Packago Codo SO-U-ToIQISD-U-Towl

Dato Analyzod 21 Nov 21 NOli

2008 20011

DH-111lA6STO 2.630

OH·1n LABSTO 2600

SY·2lASSTD 263

SY-2LABSTO 2711 BL.<iIaLABSTO 1250 BL-4n I.ABSTD 1270

03700 Spill Orlglmd 166 1.064-0370a lASPRE? 167 1.068 03720 Spill Orlglnnl 1760 1.D24

03720lJ!..BPREP 1610 1.D30 03725 Split OrlglnoJ 4.3 1.0es

03725lASPRE? 3.9 1.093

Page 4 of4

Quality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2CS Canada

ATTN: AI Shafsky

Innovative Technologies

Date Submitted: 28~Oct-08

Invoice No.: A08-7464

Invoice Date:

Your Reference: Elliot Lake

CERTIFICATE OF ANALYSIS

75 Rock samples were submitted for analysis.

The following analytical package was requested: Code 5D-U-Total ONe

REPORT A08-74S4

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability Is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva. Ph.D.

Quality Control

1336 Sandhi!! Drive, Aneasler, Ontario Canada 19G 4VS TELEPHONE +1.905.648.9811 or +1.686.228.5227 FAX +1.905.646.9613

E-MAIL aneasler@acUabsinlcomACnABSGROUPWEBSITEhllp:JlwMv.acIJabsinlcom

Activation Laboratories Ltd. Report: A08~7464

Mothod Codo ONe ONe

Unit Symbol ppm

Allalyto Symbol u Mnss

Packago Codo SD-U·TaIllISD-U-TQlal

Date Analyzod 11 Nov 11 NOIf 2008 2008

03503 Sa,7 1.084

03504 43.9 1.063

03505 3.B 1.014

03506 23.0 1.031

03507 62.1 1.063

035011 20S 1.01l11

03509 1l7.8 1.014-

03510 146 1.0BIl

03511 102 1.091

03512 987 1.0all

03513 51.G 1.022

03514- 91.1l 1.071

0'3515 271 1.055

113516 445 1.013

03517 141 1.033

03518 2..0 1.022

03519 SIl2 1.032

03520 164 1.052

O:!521 718 1.IlD

03522 759 1.060

03523 149 1.049

03524 20e 1.060

03525 21.2 1.063

03521l 109 1.039

03527 12.2 1.022

03528 185 1.077

03529 2410 1.033

03530 20.1 1.039

03531 2750 1.009

03532 12..7 1.025

03533 22.4 1.014

03534 217 1.030

03535 16.0 1.057

03536 140 1.062

0'3537 308 1.050

03533 13.9 1.032

03539 349 1.055

03540 153 1,O31l

03541 2.4- 1.024

03542 119 1.080

03543 55.5 1.054-

03544 194- 1.067

03S4S 104- 1.094

03546 6.7 1.053

03547 131 1.082

03548 7.5 1.027

03549 254 1.067

03550 10.2 1.039

03551 258 1.043

03552 5.6 1.044-

Page 2 of4

Activation Laboratories Ltd. Report: A08-74S4

03553 33,S 1.057

03654 138 1,085

03555 21.9 1,On

03550 217 1.0:l2.

03557 10.9 1.060

03558 1370 1.063

035511 71.8 1.000

03580 Z3,Z 1.057

03581 198 1,080

03562 51.8 1.040

03563 2..0 1.097

03564 530 1.070

03585 309 1.0eg

03566 185 1.073

03567 478 1.(197

0351>8 127 i.0n

03560 502 1.018

03570 54.4 1.067

03571 39.4 1.039

03572 402 1.091

0:1573 all7 UJ42

0:1574 645 1.054

0:1575 14.4 1.060

0:1576 50S 1.025

03Sn 10.5 1.D27

Page 3 of4

Quality Control

M~thod Coda

Unit Symbol Analyto Symbol

Packago Code

Dato Analyzod

DH.1aLAaSTD

OH·11llAS8TD

SY-ZLAaSTD

SY.2 LABS11l

BL-4lllABSTO BI...-4lllABSTO 03532 spm orlglnnl 03S321..A9FREP

I)35SZ Split Orlglnnl D3SS2 LABFReF

03Sfl2 Spill orlglnnl

035flZ LABPREP

03571 Split Original

03577 LABPR&

oNC

ppm

U

DNC

5o-U-Total So-U.TotLIl

11 Nov 11 Nov 2006 Z008

2650

2810

2.64 2.64

1280

1260

12.7

13.1

5.6 6.3

51.6

50.3

10.5

10.4

1.025 1.094-

1.044

1.0117 1.040

1.017

1,027

1.075

'.

Activation Laboratories Ltd. Report: A08-74S4

Page 4 of4

Quality Analysis ...

Pele Mountain

2200 Young Street, Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Mark Smethurst

Innovative Technologies

Date Submitted: 30-Dct-08

Invoice No.: A08-7544

Invoice Date: 12-Nov-08

Your Reference: ELLIOT LAKE PM157

CERTIFICATE OF ANALYSIS

51 Rock samples were submitted for analysis.

The following analytical package was requested: Code SO-U-Total DNC

REPORT A08-7544

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY:

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive, Aneasler, Ontario Canada 19G 4V5 TELEPHONE +1.905.648.9611 or +1 .868.228.5227 FAX +1.905.648.9613

E-MAIL ancaster@acUabsinlcom ACTLABS GROUP WEBSITE htlp:/!ww.v.actlabsinlccm

Activation Laboratories Ltd. Report: A08-7S44 MQthod CodQ ONe ONe

UnIt Symbol ppm

Analyto Symbol U Moss

Packago Coda 5D-U-Totllt SD-U·TDllIt

Dnto Analyzod 11 Nov 11 Nov 2008 2000

03578 73.0 1.068

03579 265 1.090

03580 15.4 1.058

O~561 121 1.029

03582 48.11 1.079

03583 123 1.094

03584 1.5 1.064

03585 117 1,017

0~1I6 '4.8 1.009

03567 200 1.057

03588 501.2 1.082

03589 60.6 1.000

03590 132 1.065

03591 75.0 1.089

03592 97.9 1.053

03593 43.7 1.056

03594 248 1.044

03595 41.a 1.091

03596 417 1.050

03591 33.7 1.029

03598 305 1.021

03599 23.B 1.031

03800 150 1.1l4G

03601 30.6 1.()18

03602 88.8 1.068

03603 eO.6 1.1)84

03G04 142 1.082

03605 248 1.032

03606 .22.6 1.061

03607 115 1.057

03606 20.7 1.02B

03609 57.7 1.084

03610 23.8 1.047

03611 48.7 1,01l6

03612 175 1.050

03613 225 1.076

03614 995 1.061

03615 1.5 1.045

03616 615 1.069

03617 142 1.085

03618 221 1.069

03619 213 1.063

03620 271 1.048

03621 1118 1,01\8

03622 405 1.020

03623 691l 1.050

03624 1310 1.057

03825 37.0 1.077

0~E126 1720 1.060

0362'1 43.8 1.041

Page 2 of4

Activation Laboratories Ltd. Report: Method Code DNe ONe

Unit Symbol ppm

Analyto Symbol U Mass

Packago Co do SD-U-Tetal 5 D-U-Telal

Data Analyzod 11 Nov 11 Nov 2006 2006

03626 7.6 1.049

Page 3 of4

Activation Laboratories Ltd. Report: A08-7544

Quality Control

MothodCodo ONe DNe

UnltSymbQ! ppm

Analyto Symbol U M!l:IS

DH-1a LABSi'D 2650

DH-1aLABSTD 2610 SY·2LABSTD Z84

SY·2LABSTD 284 BL .... alABSTD 1280

BL-4a LABSi'D 1280

03607 Spilt Original 175 1.057 03ll07LABPREP 173 1.042 031127 Spilt OrlginDI 43.8 1.041

031127 LABPREP 44.0 1.079

031128 Split Original 7.8 1.049 03628 lABPREP 8,0 1.073

Page 4 of4

(

Quality Analysis HI

Pele Mountain

2200 Young Street, Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Mark Smethurst

Innovative Technologies

Date Submitted: 3D-Dct-DB

Invoice No.: A08-7548

Invoice Date: 14-Nov-08

Your Reference: Elliot Lake PM158

CERTIFICATE OF ANALYSIS

42 Rock samples were submitted for analysis.

The following analytical package was requested: Code BD-U-Total DNC

REPORT AOB-7548

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva. Ph.D.

Quality Control

1336 Sandhill Drive, Ancaster, Ontario Canada L9G 4V5 TELEPHONE +1 .905.648.9611 or +1 .888.228.5227 FAX +1.905.648,9813

E-MAIL ancasler@actlabsint.com ACTlABS GROUP WEBSITE http://www.acllabsinlcom

Activation Laboratories Ltd. Report: A08~7548 rev 1

03629 10,5 1.046

03630 355 1.043

03831 159 1.030

03832 712 1.012

03833 611.0 1.018

03634 944 1.020

03635 B8.e 1.015

03638 2.3 1,049

03637 112 1.046

03638 45.3 1,055

03639 28.7 1.052

03640 2011 1.Me

03641 30.9 1.023

03642 329 1.011

03843 31.5 1.048

03644 11.5 1.071

03645 164 1.056

03646 758 1.082

03647 92.4 1.076

03648 647 1.083

03649 126 1.067

036SO 9.3 1.064

03551 1\83 1.018

03552 378 1.Il97

03653 433 1.031

03654 10.7 1.!11S

03655 1120 1.015

036.SS 11.1 1,028

03657 139 1,070

03858 7.0 1.067

03659 161 1.074

036S!! 143 1.090

03661 57.6 1.01.10

03662 64.5 1.C15

03663 36.2 1.084

03664 15.3 1.072

03665 64.5 1.on

03666 370 1.019

03(167 3960 1.084

03(166 6.7 1.089

03669 1010 1.030

03670 CUI 1.039

Page 2of3

Quality Control

Analyto Symbol Unit Symbol

Dotection Llmit Analysis Mothod

OH·1n Moos

OH·1a Cort DH.1a Moos

DH-1a Cor!

SY·2 Moos SY.2 cart

SY·2 Moos

SY·2 Cort

BL-4<I Moos

BL-4<I Cart

BL-4a Mons

BL-4<ICort

03658 Ortg

03658 Split

03670 Ort"

03670 Spill

Method Blank Method Blank.

u ppm

0.1

ONC

2600

2630

2690

2630

282

264

265

264

1270

1250

1270

1250

7.0

6.8

6.6

6.9

< 0.1

Mass

ONC

1.067

1.007

1,039

1.079 1,000

Activation Laboratories Ltd. Report: A08·7548 rev 1

Page 3 of3

Quality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Innovative Technologies

Date Submitted: 22-0ct-08

Invoice No.:

Invoice Date:

A08-7314

07-Nov-08

Your Reference: Elliot Lake

CERTIFICATE OF ANALYSIS

41 Rock samples were submitted for analysis.

The following analytical package was requested: Code 5D-U-Total DNC

REPORT A08-7314

This report may be reproduced without our consent. If only selecled portions of the report are reproduced, permissIon must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive, Measter, Ontario Canada L9G 4VS TELEPHONE +1 .905.648.9611 or +1.888.228.S227 FAX +1 .905.648.9613

E-MAIL ancas!er@aetJabsint.com ACTLABS GROUP INEBSITE htlp:/Iwww.acUabsinloom

Activation Laboratories Ltd. Report: A08-7314 Method Coda ONe ONe

UnitSymbo! ppm

Analyto Symbol U MIISS

Packago Codo SD-U-TDlIll SD-U-Totnl

Date Analyzod 07 Nov 07 Nov 2008 2008

03<462 244 1.049

03<463 43.S 1.045

03464- 35.8 um 03465 337 1.027

0346G 349 1.058

03467 129 1.033

034a./l 53.8 1.082

03469 221 1.044

03470 5.2 1.076

03471 91.3 1.041

03472 18.3 1.075

03473 52.4 1.084

03474 316 1.037

03475 12.5 1.031

03476 230 1.056

03477 51.3 1.0B7

03476 287 1.025

03479 50.6 UlS5

03460 132 1.054

03481 3.1 1.022

03482 118 1.0aa

03463 84.0 1.089

03484 531 1.01'17

03<465 n,S 1.019

03466 490 1.057

034a7 184 1.043

03488 273 1.028

03489 216 1.0211

034&0 198 1.017

03491 22.1 1.075 03492 247 1.049

03493 517 1.046

03494 470 1.D38

03495 54.2 1.021

03496 1320 1.0G6

034£17 142 1.044

03498 1760 1.010

03499 2.1 1.040

03500 1010 1.035

03501 527 1.045

03502 15.B 1.031

Page 2 of3

Quality Control

Mothod Code

Unit Symbol

Analyto Symbol

Packago Code

Date Analyzod

DH-1D LASSTD DH-1D LABSTD SY·2LABSTD SY·2LABSTD BL-4a LABSTD BL-4a LABSTD 03491 Split Orlglnol

03491 LAI3PREP 03502 Split Original

03S02 LABPREP

ONC ONC

ppm

U Moss

SO-U-Tolll,5D-U-TDIllI

07 Nov 07 Nov 2008 2008

2030

2630

2fJ2

2fJ2 1280

1260

22.1

20.9

15.8

15.5

1.075

1.C67

1-031

1.D92

Activation Laboratories Ltd. Report: A08-7314

Page 3 of3

Quality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Innovative Technologies

Date Submitted: 09-Sep-08

Invoice No.: ADS-60D9

Invoice Date: 06-Nov-D8

Your Reference: Elliot Lake

CERTIFICA TE OF ANAL YSIS

35 Rock samples were submitted for analysis.

The following analytical packages were requested: Code 1A2 Au - Fire Assay AA Code 50-U-Total ONe

REPORT AOS-SOOg Code 4B2-Std (1-10) Trace Elements Fusion ICP/MS(WRA4B2) Code Specific Gravity Core - Core Code Specific Gravity Pulp

This report may be reproduced without our consent. If only selected portIons of the report are reproduced, permission must be obtained. If no Instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

Notes: If value exceeds upper limit we recommend reassay by fire assay gravimetric-Code 1A3 We recommend using option 4B1 for accurate levels of the base metals Cu, Pb, Zn, Nl and Ag. Option 4B-INM for As, Sb, high W >100ppm. Cr >1000ppm and Sn >50ppm by Code 5D. Values for these elements provided by Fusion ICP/MS, are order of magnitude only and are provided (or general information. Mineralized samples should have the Quant option selected or request assays (or values which exceed the range of option 4B1.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhi!! Drive, Ancaster, Ontario Canada LeG 4V5 TELEPHONE +1 .90S.648.e611 or +1.888.228.5227 FAX +1.905.648.9613

E-MAIL ancaster@actlabslnlcom ACTLABS GROUP WEBSITE htlp:flwww.acUabsinlcom

Analyto Symbol

Unit Symbol

Dctoction Umit Analysis Mothod

02686

02687

02588

02600

02690

02691

02692

02693

02694

02895

02696

02607

02696

02699

02700

02701

02102

02703

02704

02705

02700

02701

02708

02700

02710

02711

02712

02713

02714

02715

02716

02717

02718

02719

02720

v ppm

:;

fUS-MS

27

44

ZS4-

236

203

201

Cr

ppm

20

fUs.MS

30

40

160

150

130

150

co NI CU Zn

ppm ppm ppm ppm

1 20 10 30

fUs.MS FUS-MS fUs.MS FUs-MS

<20 10 < 30

44 100 370 < 30

1S <20 100 60

22 60 60 60

56 60 160 50

74 1BO BO so

Activation Laboratories Ltd. Ga Gil As Rb 5r Y

ppm ppm ppm ppm ppm ppm

1 1 5 2 2 1

FUS-MS fUS.MS FUS.MS fUS.MS FUS.MS FUS.MS

18 179 25 14

13 22 111 35 47

42 2 27 411 42 57

39 2 36 393 31 33

37 74 3BS 45 39

33 2 62 293 45 36

Page 2 of5

Report: Zr Nb Mo All In 5n Sb CS sa La CO Pr

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

5 1 2 D.S 02 1 0.5 0.5 3 0.1 0,1 0.05

FUs-MS FUS.MS FUs-MS FUS.MS FUs-MS FUS.MS FUs-MS FUS-MS FUS-MS FUS-MS FUs-MS FUS-MS

144 10 <2 < 0.5 <02 4.8 1.3 34S 45.1 73.0 7.34-

416 8 4- < 0.5 <02 <1 6.1 0.9 195 103 181 20.3

502 20 < 0.5 <02 B.6 3.4 615 842 163 10.6

316 16 < 0.5 < 0.2 3.6 3.1 565 492 104 13.0

273 14 <2 < 0.5 <02 6.2 3.3 531 48.3 1l7.0 12.3

230 12 <0.5 < 0.2 2 S.O 2.6 404 5B.5 113 14.0

Activation Laboratories Ltd. Report: A08·6009 Analyto Symbol Nd Sm Eu Gd Tb Oy Ho Er Tm Vb I.u HI Tn W 11 ?b 61 TIl U U MII~ Spo<:Grov Spot: Au

GravCoro

Unit Symbol ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppb

Dotoctlon Umit 0.1 0.1 0.05 0.1 0.1 0.1 0.1 0.1 0.05 0.1 0.04 0.2 0.1 0.1 0.4 0.1 0.1 0.1 0.01 0.01 5

IAnalysls Method FUs-MS FUs-MS FUS-MS FUSo-MS FUS-MS FUS-MS FUs.MS FUS.MS FUs.MS FUS-MS FUS.MS FUS-Ms FUS-MS FUS-MS FUS-MS FUs.MS FUS-MS FUS-MS FUS-MS DNe ONe GRAV GRAV FA-AA

02686 37.4 1.C73

~7 15.9 1.084

02668 28.6 1.062

02889 808 1.021 2.78 2..67

02690 162 1.032

02691 306 1.071

02692 133 1.008

02893 56.13 1.C21

026114 17.0 1.0aa 02695 147 1.016

02G99 758 1.093

02097 494 1.0es 02608 245 1.050

OZ699 284 1.0~6

02700 76.0 1.060

02701 3.4 1.073

02702 Il84 1.043

02703 500 1.055

02704 30.8 1.066 2..(;4 2..92

02705 318 1.059

02708 71S! 1.034 02707 725 1.050

Q2708 1160 1.085

02709 160 1.095

02710 314 1.058

02711 72..2 1.070

02712 54.4 1.079

02713 20.S 1.091

02114 15.9 1.017

02715 20.0 3.5 0.611 2.9 0.4 2.4 0.4 1.2 0.17 1.0 0.15 42 1.6 0.5 31 0.7 51.3 10.3 <5

o:.me ea.7 14.1 2.16 12..0 1.7 e.4 1.7 4.8 o.ee 3.7 0.49 10.4 1.8 3 0.4 190 1.5 125 375

02717 69.3 152 2.11'1 13.B 1.9 10.8 2.1 B.D o.6S 5.1 0.72 13.8 2.6 9 1.6 172 3.1 103 2111 <5

02716 44.7 9.1 1.18 6.7 0.9 4.9 1.1 3.05 0.56 3.1 0.59 8.G 1.0 1.2 20 1.7 22.6 24.9 <5

02719 44.3 ItS 1,011 7.9 1.1 6.2 1.3 4.2 Q.53 4.0 0.61 7.05 U 1.4 .zg 2.S 15.6 24.1

02720 41l.4 1D.0 1.53 11.5 1.1 6.0 1.:1 3.8 0.50 3.5 0.53 11.2 1.1 1.0 19 1.e 12.1 8.3

Page 3 of 5

Quality Control

Analyto Symbol

UnIt Symbol Detoction Limit

Analysis Method

GXR·1 Moos

GXR·1 Curt WMG-1 MOM

WMG-1 Cort OH-1a Moos

OH-1aCart OH-loMoo.!!' DH-1aCort

ONCo1 Moo.!!' ONe.1 Cort

GXR·2Moos GXR.;zCor! utS[)..3Moos

LKS[)..3Cllrt

MAG-1 (Deplotod) Moas

MAG-1 (DoplCIed) Cort S'(.2MollS

SY·2Corl

SY.2Moos

SY·2Cort

W·2lIMoo.!!' W-2aCort

BL.-4D Moos BL-4n cort

BL-4n Moas BL-4ACon cTA·Ae.1 MOM

CTA·ACo1 Colt

BlR·1IlMoas

elR·1aCnit

CDN-GS.3D Moos

CON·GS-30 Cart

OxC58 Moos

OXCS6Cort 027150rig

02715 Split

02.717 Orlg 02717 Oup

027200rig

omospJII Mothod Blnnk Mothod Blnnk Molhod. Blank Molhoa Siank Mothod Blank Mathod Blank Molhod Blonk Molnod BlanK

Activation laboratories Ltd. Report: ADS-S009

v Or Cn Nt Cu Zn GIl Go

ppm ppm ppm ppm ppm ppm ppm ppm

5 2.0 1 20 10 30 1 1

FUS-MS FUS-MS FUs-MS FUS-MS FUs-MS FUs-MS FUS-MS FUs-MS

BO

81).0

17B

149

1Z9

148 54

52.0

78

82.0

138

140

271 2!l2

106

104

323

313

27

25

2.01

207

<:20

12.0 820

770

2.50 .2BS

40

38.0

80

87.0

100

97.0

100

92.0

410

3112

30 30

15{)

130

8.20

247

200

31 54.7

10

8.60 as

30.0

24

20.4

54

43.0

2. 2.7Z

64

51.4

74

OS

SO

41.0

4170

2700

180

247 <:2.0

21.0

SO

47.0

40

53,0

60

70.0

270

1GB

< 20

<20

180

90

1110

1110 7010 5900

5{)

90.0

90

713.0 30

35,0

60

30.0

110

11Ct

BO

54,0

170

126

10

20

ao 80

770 160

170

110

<30

B9.0

B30

530

120 152

aD 130

80

80.0

70

311.0

140 71.0

<30 <30

SO

70

17

13.8

11 10.3

10

15.0 38

37.0

20 2.0.4

13

17.0

16 15.0

18

18

33 35

<1 1.30

1.00

2

1.50

2.

M

ppm

FUS-MS

425

42.1 111

7.00

<5 0.200

29

25.0 48

27.0

21

9.20

14-1.20

<5 0.440

02

57

Rb Sf y Zr Nb Mo Ag In Sn Sb Cs 811 La Co Pr

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

2. 2. 1 5 1 Z 0.5 0.2 0.5 0.5 3 0.1 0.1 0.05

FUs-MS FUS-MS FUs-MS FUS-MS FUs-MS FUs.MS FUS-MS FUS-MS FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS FUs-MS FUs-MS

3

14.0

4.50

85

76.0

76

711.0

146

149

2.1

2.1.0

<2 0.250

170

178

293

308

2B5

275

40 41.0

137 145

154 190

242

240

139

146

193

100

107

108

26

24

4S

46

Page 4 of5

31

32.0

1S

12.0

17

18.0

19

17.0

30

30.0

26

2B.O

23

24.0

337

2.72 16

16.0

14

13

38

37

3Z :la.0

5C1

43.0

:33 41.0

209

25£1 182 176

122 120

92

94.0

16

16.0

144

142

230

236

0.800

/I

6.00

3.00

10

11.0

6

8.00

13 12.0

7.90

<1 0.500

10 10

12 12

18

16.0

<:2

1.40

29.8

31.0 2.9

2.70

<2 <:0.5

0.700 0.0270 <2 19.3

2.1D 17.0 <2 1.8

2.00 2.7D <2 <0.5

1.00 0.0800

<2 <:0,5

MOO 0.0480

<2 0.500

<2

<2

2. <2

<:0,5

0.0360

< 0.5 <D.S

< O.S

<0.5

0.8

0.770

<0.2

0.252

<0..2 0.1110

<0.2 <0.2

<0.2 <0.2

54

54.0

2. 2.20

1.70

2.

3.00

:I 3.60

<:1

o.e50

122 122 13.2

1.80

1.3

0.950 61.B

49.0 7.0

1..30

e.1l 0.960

8.4

0.790

2.9

3,00

<O.S

0,480

<0.5 0.340

5.9

5..20

2.5

2.30 8.2

8.60

0.9

0.990

5.0 < 0.5 0.580 0.00500

4.8

5.9

S.9

6.1

1,3

1.4

2.0

2.e

90S

7S0

118 114

104 114

2150

2240

ITT1 sao 502

479

179 1112

7.1

1.50 7.5

8..20

3.0

3.60

24.7

Z,B

44.5

52.0

~.5

43.0

10.2. 10.0

1174 >2000

767 2176 I) 0.7

7.00 0.1l2O

345

327

404

411

45.1 42.1

58.S

OM

11.9

17.0

15.8

16.0

7.7

10.0

40.8

51.4

63.8 90.0 80.4

sa.O

22.3 23.0

>3000 :332(j

2.0 1.95

73,0

sa.6

113

117

1.02

1.30

9.69

9.30

0.38

0,380

7.34 lUIS

14.0 14.4

Quality Control

Analyto Symbol

,Unit Symbol

iDotoction Umit Analysis Method

GXR-1 MOQ!l

GXR·l Cort WMG-1 Mow

WMG-1Corl

DH-1aMoQ!l DH-1aCort DH-1aMoos

DH·1aCorl

DNCo1 MOllG

DNC-1 Col'\ GXR·2MOlIS

G)(R-ZOort

LKS0-3 MOllS U(S0-3Corl

IIJIAG-l (Doplolad) Moos

MAG-1 (Doplotod) Cort

SY-2MOlIS

S'f-2 Cort

SY·ZMoos

s:(·ZCort W-2aMoos

W·2.:lCort

6L-4DMoa:;

BL-4a Cor! BL-4DMallS BL-41lCort

CTA-AC-1 MOQII

CTA-AC-1 Cort

BIR-1aMOQ!l BIR.1aCIlI'I

CDN-GS-3D MoIlS CON-GS-30 Cart

0XC58MoQ!l

OxCS8Cort

D21150rlg

02'71 S Spll!

0Z7170ng

021110up

027200rlg

0Z120Splll

Mothod Blllrll( MQlhocl Btank.

MDthod Blank Mothod Blank

MolhQd Blank Molhod Slunk Molhod Blunk Mathod BIDnk

Activation Laboratories Ltd. Report: A08-6009

Nd Sm Gd Tb Oy Ho Er Tm ppm ppm ppm ppm ppm ppm ppm ppm ppm

~ ~ ~ ~ ~ ~ ~ ~ ~

FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS FUs.MS FUS-MS FUS-MS FUS-MS

6.3

111.0 9.4

11.00

4.7

4.00 20.7

10.0

43.1 44.0 37.1

36.0

13.0

13.0

1090

1067

2.4 2..50

20.0

10.0

49.4

5D.2

2.B

2..70 2..4

.2.30

1.4

1.38 3.8

;1.50

1.9 B.OO 1.3

7.50

3.3

3.30

16?

162 1.1

1.10

3.5

3.4

10.6

10.a

0.63 o.seo

0.77

0.lS20

0.&0

O.SIlO 0.60

0.1110

1.017

1.50

1.51 1.60

1.17

1.00

40.7 46.7

0.S5 0.540

0.68

0.65

1.53

1.58

4.2

4.20

2.1

2..00 3.4

3.30

6.3

5.80

1::4

124 1.11

1.65

2.9

2.8

8.5

6.6

0.8

O.S:lO 0.4

0.300

0.4

0.410 0.5

0.48l)

0.9

1.00

0.9

0.960

O.G 0.1330

14.4

13.9

0.4

0.360

0.4 0.4

1.1 1.1

4.7 4.30

2..S 2.110

2..7 2..70

3.0

3.30

4.9

4.90 5.1

520

3.1l

3.50

2.6

2..50

2.4

2.2

G.D

6.2

0.4

0.500

Q.S 0.620

0.11

1.02

0.1 0.760

0.5

0.510

0.4 0.4

1.3

1.3

2.0 2.00

3.0 3.00

2..5 2.50

1.9

1.10

1.2

1.2

3.6

3.B

0.41

0.430 0.23

0.200

0.32

0.380 0.30

0.300

0.44

0.430

0.37 0.380

0.29 O.2DO

0.17

0.16

0.58

0.51

Vb Lu Hf To W Tl Pb 81 u ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

0.1 O.(l.4 c.z 0.1 0.1 5 0.4 0.1 0.1

FUs-MS FUs-MS FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS

2.3

1.90

1..4

1.30

2..Q

2.01

1.9

2..04

2.8

2.70

2..7 2.GO

2.2 2.10

11.3

11.4

1.7

1.65

1.0

1.0

3.5

3.13

0.31

0.280 0.20

0.210

0.29

0.320 0.2Q

0.2'70

0.41

0.41)0

0.30

0.400

0.31

0.330

1.08

1.08

0.26 0260

0.15

0.14

0.53

0.53

Page 5 of5

0.0

0.960 1.G

1.30

0.2

0.175

0.3

0.500

1.0 <: 0.1

1.01 0.0980

7.4 0.9

8.30 0.000

5.0 0.6 4.80 0.100

3.6 1.2 3.70 1.10

2..13 2.GO

0.5

0.500

1.5 2.6

1.13 2..65

164

164

<1 1.30

0.4

0.390

<. 1 <0.1 0.200 0.02.60

2 1.0 1.90 1.03

<1

2..00 1 0.1

1.40 0.590

<1 0.300

<.0.1

O.2ao

O.G <0.1 <1 <0.1

o.aoo 0.0400 0.0700 0.0100

4.2

4.0

6.2

0.6

1.6

1.5

1.1

1.2

O.S 0.9

1.0 1.6

577

730

50

15.0

1380

13110

<: Ii <: 0.4

0.30 0.0200

8~ <0.4 eGo O.flGO

16

ZO.O

11 <0.4

24.0 0.340

< 5 <0.4 9.30 0.0300

0.9

3.00 0.0200

31

43

11l

36

0.7 0.9

1.a 2..5

2.4

2.44 1.1

1.10

02 0.200

6.6

1l.60

10.4 11.4

11.4 11.9

22.7

21.8 <0.1

M300

51.3

48.0

12.1

12.3

33.6

34.D

0.7

0.650

<0.1

0.100

3.1

2..90 4.5

4.60

2.9

2..70

0.6

0,530

4.2

4.4

<0.1

0.0100

19.3 17.8

8.3 8.7

u ppm

0.1

ONC

2600

2930

2GOO

2630

261

284

2lS2 284

1270

12$0

1290

1250

< 0.1

Muss Spoc.Gmv

ONe

1.000

0.01

GRAV

<0.01

Au

ppll

FA-AA

> 3000

3410.00 215

201.000 •

<5 <5

<5

<:5

s .~

'0 s::: o .c: u .........

~ (.)

a ~

1000 -

100

1 (])

u E (f)

u <:>

..0 I-

Chart26

>­c o :::c

Page 1

E I-

..0 >-

-.- 02715

---0- 02715 split PULP DUP

--4.~- 2716

--¢-- 2717

-.&.- 2718

-----ij;- 2719

-e- 2720

---0-- 02720 Split PULP DUP

-)(-

-)1(-

, "

Quality Analysis ... Innovative Technologies

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Date Submitted: 14-0ct-OB

Invoice No.: A08-7056

Invoice Date: 06-Nov-08

Your Reference: Elliot Lake

CERTIFICATE OF ANALYSIS

32 Rock samples were submitted for analysis.

The following analytical packages were requested: Code 5D-U-Total ONe Code Specific Gravity Pulp

REPORT A08-7056 Code Specific Gravity Core - Core

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited so/ely to the analytical cost of these analyses. Test results are representative only of material submitted for analysIs.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva, Ph.D.

Quality Control

1335 Sandhill Drive, Ancasler, Ontario Canada L9G 4VS TELEPHONE +1 .905.648.9611 or +1.888.228.5227 FAX +1.90S.648.9613

E-MAIL ancasler@actlabsinlcom ACTLABS GROUP WEBSITE hllp:llw ... .w.actlabsintcom

Activation Laboratories Ltd. Report: A08-70SS Analyto Symbol u Mass Spec Grnv Spoe

Grnv CDrn

Unit Symbol ppm

Dotectlon Limit 0.1 0.01 0.01

Analysis Mothod ONe ONe GRAV GRAV

03365 45.:J 1.0e1

03300 5.1 1.060 2.81 2.67

03387 30.1 1.0S9

03300 56.9 1.065

0336a 9.2. 1.092

03370 439 1.077

03371 6.8 1.036

03372 199 1.076

03:173 36.2. 1.1)44

03374 1.3 1.008

03375 S23 1.080

03376 227 1.036

03377 201 1.081

03378 676 1.084

03379 57.9 1.022

03380 622 1.1l84

03381 5.0 1.046

03382 565 1.059

03383 70.4 1.082

033114 580 1.033 2.00 2.77

03365 507 1.032

03386 1350 1.053

03387 911 1.079

03386 1ot10 1.0S4

03389 4!l1 1.067

03390 14.7 1.038

03301 151 1.074

03392, 111 1.023

03393 443 1.075

033114 U 1.074

03395 1.8 1.061

03396 118 1.081

Page 2 of3

Activation Laboratories Ltd. Report: A08w7056

Quality Control

AnaJyto Symbol U Mass Spac Grov

Unit Symbol PI>I'll

Detection Limit 0.1 0.01

Analysis Mothod ONC ONe GRAV

DH-1a MoIlS 2680

DH-1a curt 2630

SY-2Moll& 265

SY·2Cort 2M SY·2Moc.s 280

SY·2 Cort 284-Bl.-4IIMoGS 1280

eL-4IICcrt 1250 BI..-4IlMolIS 1280

el..-4a Ccrt 1250 033940flG M 1.074

03394SpUl 8.9 1.043 M othod Blank Mothod cO.01 Blank

Method Blank Method < 0.1 1.0DO Brank

Page 3 of3

· ,

Quality Analysis ... Innovative Technologies

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Date Submitted: 23-0ct-08

Invoice No.: A08-7321

Invoice Date: 18-0ec-08

Your Reference: elliot lake pm#140(hydro g)

CERTIFICATE OF ANALYSIS

4 Rock samples were submitted for analysis.

The following analytical packages were requested: Code 5D-U-Total DNe

REPORT A08-7321 Code 4B2-8td (1-10) Trace Elements Fusion ICP/MS(WRA4B2) Code 1A2 Au - Fire Assay AA

This report may be reproduced without our consent. If only selected portions of the report are reproduced. permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability Is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

Notes: If value exceeds upper limit we recommend reassay by fire assay gravimetric-Code 1A3 We recommend using option 4B1 for accurate levels of the base metals Cu, Pb, Zn, NI and Ag. Opt/on 4B-INAA for As, Sb, high W>100ppm, Cr >1000ppm and Sn >50ppm by Code 5D. Values for these elements provided by Fusion ICP/MS. are order of magnitude only and are provided for general information. Mineralized samples should have the Quant option selected or request assays for values which exceed the range of option 4B1.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY:

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive, Ancas!er. Ontario Canada L9G 4V5 TELEPHONE +1 .905.648.9611 or +1.888.228.5227 FAX +1.905.648.9613

E-MAIL ancas!er@acUabslnlcom ACTlABS GROUP \NEBSITE htrp:/lvrml.actlabslnlcom

Activation Laboratories Ltd. Report: A08-7321 Method Codo FA-AA FUS-MS FUS-MS FUS.MS FUs.MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUs-MS FUS-MS FUs.MS Fus-MS FUS-MS FUS·MS FUS-MS FUS-MS FUs-MS FUS-MS FUs-MS FUS-MS FUs-MS

,Unit Symbol ppb ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

Analytc Symbol Au v Cr Co NI eu zn GIl Go As Rb Sr Y zr Nb Mo Ag In Sn Sb Cs EIII !.ll Co

iPQCkagO Codo 1A2 482-std 4B2-Sld 4B2-5ld 4B2-5ld 4BZ-5td 4B2..s11l 4B2-Sld 4B2-5ld 4B2-5ld 4B2-5ld 4B2-std 4S2..sIr.! 4B2..sla 462-Sld 4Sa-Sld 4B2.std 4B2-Std 4B2-Sld 4B2-Sld 4a.;z-S\d 4B2-std 4B2-std 482-Sld (1-10) (1010) (1-10) (1.10) (1·10) (1-10) (1-10) (1-10) (1.10) (1-10) (1-10) (1-10) (1-10) (1-10) (1-10) (1-10) (1-10) (1-10) (1-10) (1-10) (1-10) (1-10) (1.10)

,Onto Analyzod Doc 5 Nov2S Nov 26 Nov 26 Nov2B Nov 26 Nov2G Nov2B Nov 26 Nov 2.6 Nov 2;; Nov 2(1 Novl6 Nov2G Nov 26 NOVZ6 NDV26 Nov 28 Nov 26 Nov2G Nov 26 Nov 26 Nov 26 Nov 26 2008 zoos .2006 2006 zoos 2008 2003 2008 2003 2008 2008 2008 2008 2008 2008 200S 200B 2008 2006 2008 2008 200S 2008 2008

3:03PM 4:36PM 4:36PM 4:36PM 4:35F>M 4:36PM 4:36PM 4:36PM 4:36PM 4:36PM 4:35PM 4:36PM 4:36PM 4:36PM 4:36PM 4:3DPM 4:30PM 4:36PM 4:36PM 4:36PM 4:36PM 4:30PM 4:36PM 4::lGPM

03458 <5 12 <20 11 30 30 240 <1 <5 n 34 71) <2 <0.5 <0.2 <1 3.1 1.2 493 4::1.6 79.9

03459 17 <20 22 40 150 SO 11 413 35 24 119 5 <0..5 <0.2 <1 6.2 1.9 305 71.0 136

03460 '22.7 1113 4110 164 60 420 40 15 2. 20 79 37 458 364 32. 17 <0.5 <0.2 <1 4.6 2.6 436 2313 SS4

03481 57 375 1130 182 400 290 110 :l5 Z18 256 27 91 309 26 <2- <o.s <0.2 2. 3.6 12.8 1200 811.1l 182

Page 2 of5

Activation Laboratories Ltd. Report: A08 .. 7321 MotbodCodo FUS-MS FUS-MS FUs-MS FUS-MS FUs-MS FUs-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS FUs-MS FUS-MS FUs-MS FUS-MS FUS-MS ONe DNe

Unit Symbol ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

IAnillytl) Symbol Pr Nd sm Eu Gd Tb Dy Ho e;r Tm Vb Lu Hf Tn W 11 Pb BI Th U U Mass

ipaekago Codo AlB2..std 482..s1d 4B2..s1d 4B2-Sld 4B2-S1d 4B2-Sld 4B2..std 492-5ld 482-51d 4B2-Sld 4B2..s11i -4B2-Std 4B2..sltl 4SZ..s1d 462-5ld 4B2..std -4B2..sld 4B2..s1d 4B2..s1d 4S2.std So.U.Totdl SD-lI-Totnl (1.10) (1·10) (1·1tl) (1.10) (1·10) (1.10) (1010) (1.10) (1·10) (1.10) (1-10) {MOl (1-10) (1-10) (1·10) (1.10) (1-10) (1·10) (101 D) (1·10)

Date Anlllyzod Nov2f1 Nov2e Nov 26 Nov 21> Nov2e Nov 26 Nov 26 Nov2e Nov 26 Nov2B Nov2S Nov2G Nav26 Nov 26 Nov2S Nov 26 Nov 28 Nov 26 Nov:2S Nov 26 Oct:!1 Oct 31 2008 2D08 200B 200B 20011 2608 20011 200S 2008 2008 20011 2000 2008 20011 2003 2008 26011 2008 20011 2006 2008 2008

4:36PM 4:36PM 4:36PM 4:36PM 4:36PM 4:36PM 4:30PM 4:36F'M 4:36PM 4:36PM 4:36PM 4;36PM 4:36PM 4:36PM 4:36PM 4:30PM 4:38PM 4:36PM 4:36PM 4:36PM 8:44AM 8:44AM

034511 8.82 26.5 4.7 0.60 3.0 0.4 1.6 0.:1 0.7 0.10 C.6 0.06 1.11 1.0 2 0.5 445 <.0.4 37.11 37.6 31.9 1,091

03459 16,0 5Q.1 0.9 1.21 7:3 1.0 4.9 0.8 2.0 0.27 1.5 0.16 3.0 1.6 0.5 246 <0.11- 100 116 126 1.054

0:J.460 M.O 324- 92.7 16.0 91l.9 113.1 8S.6 14.4 34.0 4.08 21.1 2.46 9,3 9.0 15 2.4 675 e.G 815 > 1000 31110 1.0M

03461 ZJ.1 81.7 15.0 3.26 13.0 2..2 13.7 2.8 B.O 1.12 G.8 0.08 7.9 1.11 11 2.6 43 0.5 7.0 12.9 13.2 1.013

Page 3 of 5

Quality Control

Mothod Codo Unit Symbol

alyto Symbol

Packago Codo

Dato Analyzod

GXR·1 LABSTO

WMG.1lA8STD

DH·1a LABSTD

DNC-1 LABSTD

GXR·2 LABSTD

LK.S1>-3 LABSTO

MAG.1 (Ooplolod) LABSTO SY.2LABSTO

W-'hlLABSTD

BL-4D LABSTO CTA-AC-1LA13STO

BIR-10 LAesTO

CDN-Gs-3D LAesTD

oxen LABSTO

133461 Split Original

D34B1 LABPRE?

Activation Laboratories Ltd. Report: A08-7321

FA-AA FUS-MS FUs.MS FUS-MS FUs.MS FUS-MS FUs-MS FUS-MS FUs.MS FUs.MS FUs-MS FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS

ppb ppm

Au v 1A2 462"sld

(1-10)

DSDoc 2GNov 21308 2008

>31300

217

57

29

78

100

147

52

75

134

259

107

318

375

398

ppm

Cr

462-Sla (1-10)

2SNov ze08

<20

780

2.80

30

80

100

90

300

1130

11110

ppm

Co

4BZ-Sld (1-113)

26NDV 200S

20Z

52

e 31

21

4S

<1

54

162 184

ppm

Nj

482-S1d (1.113)

23 Nov Z008

40

341113

270 <20

<20 <20

30

160

4013

410

ppm

Cu

4B2-S1d (1-10)

Z6NDV Z006

1110

B010

90

eo 30

30

110

eo 130

2.90

300

ppm

ZIl

4B2-Sld (1010)

.2GNov 2008

510

110

<30

320

100

eo

100

< 30

90

110

120

ppm

GIl

462-S1d (1-10)

20NGV 2DD8

HI 113

13

3(;

21

16

11l

35

36

ppm

Go

4S2.sld (1-10)

2GNov 21308

z

ppm

As

4B2-Std (MO)

.2GNov 2008

426

11

<5 35

30

14

<s

<5

21B 223

ppm

Rb

4S2.sltl (1-1Q)

.2G Nov 2008

<Z

83

77 1411

111

258

2el!

ppm

Sr

462-3ld (1·10)

26 Nov 21308

283

30

142 158

239

135

10e

z:r 28

Page 4 of5

ppm

y

482.sld (1-113)

:;:0 Nov 2008

31

14

18

19

30

;a

347

15

91

94

ppm

Zr

4B2"sla (1-113)

.2GNov Z008

26 64

31

246 193 113

16

309

316

ppm

Nb

462.sta (1-113)

ZBNov 2DOS

2

10

II 13

<1

26

26

ppm

Mo

482..sta (MD)

2BNov 2006

111

<2

<2 <2

<Z <2

<2.

<2.

<2

<2

FUs-MS

ppm

Ag

4S2.std {1-10)

26 Nov 2008

3Z.0 O.S

<0..5

1e.0 0.6

<13.5

<0.5

<0.5

<0.5

<0.5

FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS FUs.MS FUS-MS

ppm ppm ppm ppm ppm ppm ppm

~ ~ ~ ~ ~ ~ ~

482..std 4B2-31d 4B2-Sld 462..std 482-Std 46Z-3ld 4B2..std (1-10) (1-113) (1-113) (1-10) (1-113) (1-10) (1-113)

.2G~ 2G~ .2G~ 2G~ .2G~ .2G~ .2G~ 2001.'1 21306 Z008 2006 .2CDB 2008 ZQ08

0,6

<13.2

<13.2

<0..2

<0.2

54

s

2

122

7.5

4.5 53.7

2,7

4.3

3.1

5.1

3.B

4.3

3.0

0.5

<0.5 5.6

2,4

8.4

0.9

«0.5

12.6 13.5

895

114

109

Z150

671

492

179

7.2

7.2

3.7 25.0

44.9

38,4

10..3

14..3

15..3

8.2 51.6

1J.II.7 80.1

891 > 2000 > 31300

7 0.7 1.0

1200

1260

6a.9

91.1!

162 1ftO

Quality Control

MothodCodo

,Unit Symbol

Analyto Symbol

IpaCkago Code

Dato Analyzed

GXR-1 tASSTD

WMG-1 tASSTD

OH-1n l.ABSTD

DNC-1 LABSTD QXR-Z LABSTD U<So.3 LABSTD MAc;.1 (Doplotod) LABSTD SY.2 LAElSTD W-2JltASSTD

BL-40 LABSTD

CTA-AC-1 LABSTD SIR-111 LABSTD CDN-Gs-30 LABSTO Oxen tASSTD

03461 Split Original

03401 lABPREP

Activation Laboratories Ltd. Report: A08-7321

FUs-MS FUS-MS FUs-MS FUs-MS FUS-MS FUs-MS FUs-MS FUs-MS FUS-MS FUs-MS FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS FUS-MS FUs-MS FUs-MS FUS-MS Fus-MS ONe

ppm

U

ONe

g

Mass

ppm ppm

Pr No 4S2..sld 4B2..sld

(1.10) (1.10)

ppm

3m

4B2-Std (1·10)

ppm

Eu

4B2..s1d (1~10)

ppm

Gd

4B2.std (1·10)

ppm ppm

TI> Oy

4B2..sld 4B2..sld (1·10) (1-10)

ppm

HQ

4S2..s1d (1-10)

ppm ppm

Er Tm

4B2.sld 4S2..s1d (1·10) (1,10)

ppm

Vb

4B2.s1d (1010)

ppm

I..U

482..std (1-l0}

ppm ppm

Hf Ta

4B2..sld 4B2-Std (1-10) (MO)

ppm ppm

W T1

4S2-Std 4B2-Std (1·10) (1-10)

ppm

Pb

4B2..std (1.10)

ppm

BI

4820Std (1-10)

ppm

Th

4BZ.std (1·10)

ppm

U

4B2-S1d So-U·TotDl So-u..Tolol (1-10)

2611lov 26 Nov 26 Nov 26 Nov 26 Nov 26 Nov 26 Nov 26 Nov 26 Nov 26 Nov 26 Nov 26 Nov 29 Nov 26 Nov 26 No\( 211 Nov 26 Nov 25 Nov 26 Nov 26 Nov 31 Del. 31 Oct 2008 2008 2006 2006 2008 20(18 2008 2008 2008 2008 2008 2008 200B 200B 2008 2008 2.008 2008 2008 200B 2008 2006

1.16

10.2

0.31'1

23.7

24.7

0.1 B.S

·tII 11'1.S

40.7

34.7

12.2

1090

2.2

81.7

114.7

2.8

2.2

1.4

3.B 7.5 6.9

32

100 1.1

15.0

1S.G

0.70

0.76

0.64

0.04

1.53

1.49

1.19

50.5

O,sB

3.20 3.40

4.1

2.1 3.2

5.8

124

1,9

13.0

13.3

a.1l 0.4

0.4

0.5 0.1l

0.9

0.7

15.7

0.4

2.2

2.3

5.0

2.5

3,0

3.1

5.0

5.2

4.1

2.7

13.7

14.0

0.5

0.7

1.0

0.11

0.5

2.B

2.9

2.0

2.8

1.8

8.0

8.1

0.40

021

0.33 0.30

0.43

0.35

0.211

1.12

1.16

2.0

1.8 2.7

2.5

2.1

11.4

1.3

/l.1l

7.0

Page 50f5

0.30

0.19

0.:10 0.26

0.41 0.36

0.30

1.10

0.25

0.98

1.01

0.7

1.7

0.11 B.9

5.1 3.2

2.3

1.2

D.B

<0.1

0.3

< 0.1 0,8

0.6

1.1

0.5

2.7

<0.1

1.11

1.8

104

<1

<:1

1 <:1

1

<1

<1

11

12

0.4

<0.1

1.0

0.3

0.1

..: 0.1

2.6

3.0

731 35

.;5

39B

18

17

11

43

51

13BO

< 0.4

<0.4

<0.4

<0..4

<0.4

O.S

0.5

2.4

1.1

0.3

8.6

10,3

11.1

23.tl <0.1

7.0

6.9

32.3

O.B

<: 0.1

2.11

4,3

2.7

0.6

4.0

O.S

12.0

13.0

2640

285

1260

13.2

11.11

1.013

1.046

1000

100

Q) -4.J 'i: 'C ~ 0 J:: U ........ ~ 0 0 ~

10

1

...

...

•

ro -J

•

~

•

(I)

u

...

~

•

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...

A

•

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...

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E U)

•

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Chart151

-.,

.,

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•

o ::J:

Page 1

'.

•

•

•

E I-

•

•

..Q >-

'.

•

,401 - 1'3 2 f.

• 3458

3459

• 3460

..... 3461

.. 3461 split PULP DUP

•

Quality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Innovative Technologies

Date Submitted: 07-0ct-08

Invoice No.: Aoa-6a6i

Invoice Date: 12-Nov-08

Your Reference: Elliot Lake

CERTIFICATE OF ANAL YSIS

36 Rock samples were submitted for analysis.

The following analytical packages were requested: Code Specific Gravity Pulp Code 5D-U-Total ONe

REPORT AOB·6861 Code Specific Gravity Core - Core

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTNATION LABORATORIES LTD.

CERTIFIED BY:

Elitsa Hrischeva, Ph.D.

Quality Control

1336 Sandhill Drive, Ancaster. Ontario Canada 19G 4V5 TELEPHONE +1.90S.64B.S011 or +1.888.228.5227 FAX +1 .905.648.9613

E-lMIL ancaster@actlabslnlcom ACTlABS GROUP VVEBSITE http://w\',w.acUabsinlcom

Activation Laboratories Ltd. Report: A08-6861 rev 2 Analyto Symbol u MIISS SpoCGrtllI Spoc

GroIvCDra Unit Symbol ppm

~ Dotuetion Limit 0.1 0.01 0.01

Analysis Mothod ONC ONe GRAV GRAV

03226 265 1.020

03221 24.1 1.048

O3Z2B 521 1.014

03229 44.5 1.011

03230 161 1.097

03231 42.1 1.C69 2.60 2.07

03232 111 1.016

03233 11.1 1.010

03234 145 1.084

03235 41.9 1.014

03236 260 1.0B1

03231 23.2 1.0BO

03238 72.2 1.012

03239 93.8 1.011

03240 33.2 1.053

03241 41.9 1.016

03242 108 1.093

03243 66.7 1.085

03244 348 1.043

03245 155 1.020

03246 436 1.085

03247 343 1.044

0:1248 79.4 1.026

03249 441 1.074

03250 :17D 1.00B

03251 B05 1.066 2.80 3.04

03252 511 1.040

03253 67.0 1.026

03254 288 1.019

03255 94.7 1.084

03256 39.2 1.C11

03257 666 1.00B

03256 18.7 1.089

03259 304 1.078

03250 2.6 1.099

03261 113 1.059

Page 2 of3

Quality Control

Analyto Symbol

Unit Symbol

Dotoction Umit Analysis Mothod

Dfi.111 Mooo

Ofi.1aColt

Dl+lIl1MDOO

01+10 COlt

SY·2MllllS

SY-2CDI't

SY-2MDIl5

SY-2Colt

BI.-4aMDll.~

61.-4aCQJ\

BL-4aMollS

BJ...4aColt

032SS0rlg

032SSSplII

032600llg

03260Spm

Millhod Blunk Molhod 6111nk Molhod Blonk Molhod BllInk

U

ppm

0.1

ONC

2SGO

2630

2670

2630

287

2114 283

284

1270

1250

1280

1250

94.7 95.7

2..6

2..7

<:0.1

Moss Spoc Groll

0.01

ONC GRAV

1.084

1.Qae 1.099

1.043

1.000

<0.01

Activation Laboratories Ltd. Report: A08-6861 rev 2

Page 3 of3

(

Quality Analysis ... Innovative Technologies

Date Submitted: 07-0ct-08

Invoice No.:

Invoice Date:

A08-6863

12-Nov-08

Your Reference: Elliot Lake

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

CERTIFICATE OF ANAL YSIS

27 Rock samples were submitted for analysis.

The following analytical packages were requested: Code 4B2-Std (1-10) Trace Elements Fusion ICPIMS(WRA4B2) Code 1 A2 Au - Fire Assay AA

REPORT Aoa-6a63 Code Specific Gravity Core - Core Code Specific Gravity Pulp Code 5D-U-Total DNC

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no Instructions were given at time of sample submittal regarding excess material. it will be discarded within 90 days of this report. Our liability Is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

Notes: If value exceeds upper limit we recommend reassay by fire assay gravimetric-Code 1A3 We recommend using option 4B1 for accurate levels of the base metals Cu, Pb. Zn. Ni and Ag. Option 4B-INM for As. Sb, high W>100ppm. Cr >1000ppm and Sn >50ppm by Code 50. Values for these elements provided by Fusion ICP/MS. are order of magnitude only and are provided for general information. Mineralized samples should have the Quant option selected or request assays for values which exceed the range of option 4B1 .

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Elitsa Hrischeva. Ph.D.

Quality Control

1338 Sandhill Drive, Ancasler, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or +1 .888.228.5227 FAX +1 .905.648.9613

E-MAIL ancaster@actlabsirllcom ACTI.ABS GROUP WEBSITE http://W'.vw,actiabsinlcom

Activation Laboratories Ltd. Report: A08-6863 Mothod Codo FA·AA FUS.MS FU&-MS FUS.MS FUS.MS FUs.MS FUS.MS FUS.MS FUs-MS FUS.MS FUs.MS FUS.MS FUS.MS FUS·MS FUS.MS FU&-MS FUS.MS FUS.MS FUs.MS FUS-MS FUS.MS FUs.MS FUS.MS FUS.MS

Unit Symbol ppb ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

Analyto Symbol Au V Cr Co NI Cu zn Gil Go As Rb Sr Y Zr Nb Mo Ag In Sn Sb Cs Ba La Cc

Package Code 1A2 4B2-5ld 4B2.-5td 4B2.std 4B2-5ld 4B2-Std 4B2-51d 4B2-5lcl 482-5ld 4B2..std 4B2.std 4B2-51d 4B2-Std 4B2-5td 4B2-Sld 482-Sld 4B2-Std 4B2-Sld 4B2-5td 4B2-S1d 4B2-Std 4B2-5ld 4B2-5td 4B2-5td (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+)

'Date Analy:.:oc\ 2eOC\ 12Nolf 12 NOIf 12NOIf 12 Nov 12 Nov 12 Nov 12Nov 12 Nov 12 Nov 12NOIf 12NDV 12 Nov 12 Nov ,2 Nov 12 No\! 12 No\! 12NDV 12NDv 12 Nov 12 Nov 12 No\! 12 Nov 12 Nov 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 200e 2008 2008 200B 2008 200B 2008 2008 Z008 2008

032e2

03263

03264

03265

03266

03287

03268

03269

03270

03271

03272

03273

03274

03275

03278

03277

03278

03279

032110 <5 13 < 20 <20 <10 40 12 <1 <s 123 19 180 <2 < 0,5 <0..2 <1 3.0 0.7 161 S8.8 1011

03281 23 84 30 14 <20 10 SO 15 <1 11 148 6 31 195 9 <0.5 <02 <1 2,0 1.0 184 62.5 120

03282 10 109 60 <20 <10 <30 20 <1 6 215 a 18 135 16 <0.5 <0..2 <1 2.5 1.4 251 38.3 73.S

03283 14 139 80 20 < 10 <30 22 <1 232 8 30 168 18 <0.5 <0..2 <1 0,9 '.5 264 66.9 130

03284 1I1S 100 I) 20 SO 110 27 <1 282 9 211 20B 17 13 <0.5 <02 3.1 1.9 328 69,7 136

03285 <5 301 190 4 30 20 30 40 <5 424 14 2D 384 19 <o.S < D.2 S,O 2.6 S04 47.5 93.04

03288

03287

03268

Page 2 of 5

Activation Laboratories Ltd. Report: A08*6863 Mothod Coda FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FU5-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS F1JS-MS FUS-MS FU5-MS FUS-MS ONe ONe GRA.V

UnIt Symbol ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

Analyto Symbol Pr Nd 8m Eu Gd Tb Oy Ho Er Tm Vb Lu Hf To W 11 Pb BI Th U U MIISI> SpocGI'llV Spoe Gl'llvCora

Packago Codo 4f:l2·Slcl 4B2.-Sld 482...std 4B2-5ld 4f:l2-S!d 462-5ld 4B2..&cI 4s2..sta 4B2...s1d 4B2.sld 4B2-51c1 4B2..sltl 4B2...s1d 4B2..std 4B2..std 4B2..s1d 4B2..std 4B2.sld 4B2-S1d 4B2..sld SD-U-Tatal 5D-lJ.. Total Spoclflc SpociOc (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (ll") (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) Gmvlty Gmv~ly

CO(\}

rOato Analy:1:od 12Nw 12 Nov 12 Nov 12 Nov 12 Nov 12 Nov 12 Nov 12Nw 12 Nov 12 Nov 12 Nov 12Nw 12NW 12 Nov 12 NOv 12 Nov 12 Nov 12 Nov 12 Nov 12 Nov 210d 21 Del 05 Nov 14 Oct 2008 2008 2008 2008 2008 2008 2008 2008 20011 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008

03262 42.8 1.033 2.61 2..71

03253 541 1.G46

03204 1a3 1.069

03255 115.0 1.019

03266 81.3 1.079

03267 65.4 1.070

ome 279 1.062.

03269 '22.1 1.072

03270 2132 1.054

0327~ 283 1.077

03272 430 1.090

03273 201 1.023

03274 210 1.011

03275 259 1.058

03276 266 1.055

03277 1260 1.0811 .2.84 2.99

03276 1119 1.025

03279 12.11 1.054

03280 ~1.5 36.0 6.7 1.01 5.1 0.7 3.5 0.6 1.6 0.25 1.5 0.21 4.4 1.9 2 0.7 < 0.4 99.5 411.7

03281 13.1 44.4 9,3 1.43 7.8 1.2 6.5 1.2 3.3 0.46 2.7 0.34 4.7 2.11 0.6 15 1.3 71.1 227

03282 7.90 25.5 5.0 0.67 3.9 0.6 3.2 0.6 1.9 0.28 1.7 0.25 3,5 4.0 1.1 7 0.5 41.4 55.5

03283 14.2 44.7 8.3 1.46 6,3 1.0 5.S 1.1 3,3 0.50 3.2- 0.45 4.7 4.1 0.9 <5 0.5 54.5 76.6

03284 15.1 49.7 11.6 2.14 7.3 1.1 5.7 1.1 :l.2 0.48 3.2 0.48 5.4 2.6 9 1.3 12 <0.4 311.8 79.5

03285 10.5 34.8 7.1 1.55 5.6 0.8 4.9 1.0 3.2 0.53 3.7 0.62 9.2 1.9 17 2.5 <5 <0,4 11l.4 7.6

03285 303 1.079

03287 2.3 1.058

03268 119 1.071

Page 3 of 5

Activation Laboratories Ltd. Report: A08~6863

Quality Control

MothodCorJo FA-AA FUS-MS FUs-MS FUS-MS FUS-MS FUS-MS FUS-MS FUs-MS FUS-MS FUS-MS FUS-MS FUS-MS FUs-MS FUs-MS FUS-MS FUs-MS FUS-MS FUS-MS FUs-MS FUSoMS FUS-MS FUS-MS FUS-MS FUS-MS

Unit Symbol ppb ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

Ana/yto Symbol Au V Cr Co NI Cu Zn Gil Gil k, Rb Sr Y Zr Nb Mo Ag In Sn Sb Cs 8.::1 W1 Co

Packago Codo 1A2 4B2-Std 4B2.sld 4B2-Sld 4B2..std 4B2-Std 4B2..std 4B2-Sld 482-Std 4B2-Sld 482-Std 4B2..std 482-Sld 4B2-Std 4B2-Std 482-Sld 4B2...std 4B2.sld 482-Std 4B2-Std 4B2.sld 482-Std 462-$ld 4B2...std (11+) (11+) (11+) (11+) (11+) (11+) {11+} (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+) (11+)

Dato Analyzoo 260cl 12 Nov 12 NOli 12 Nov 12 NOli 12 Nov 12: Nov 12NDV 1ZNov 12 NOli 12 Nov 12 NOli 12:NDv 12 Nov 12 NOli 12 Nov 12Nov 12 NOli 12 Nov 12 NOli 12 NOli 12Nov 12 Nov 12 Nov 2006 2008 2008 200e 2008 200e 2008 2008 2008 2008 2008 2008 2008 2008 2008 2006 2008 2008 2008 2008 2008 2008 200B 200B

GXR.1 LABSTO 74 <20 8 40 1110 610 16 42€l <2 282 31 33 18 32.2 0.8 54 122 2.7 B91 7.7 14.9

WMG-1 LABSTD 164 770 203 2640 5550 120 10 12 39 14 00 <2 <O.S 2 7.3 0.5 114 7.8 16.3 OH-1u LABSTD

OH·1n LABSTD

ONC-1 LABSTD 144 280 52 230 90 50 13 <5 5 141 18 38 2 <2 <D.5 4.3 <o.s 107 3.8 8.:!

GXR-2 LABSTO 51 40 <20 00 340 37 36 65 157 19 238 10 <2 15.2 <0.2 55.2 5.7 2150 26.2 52.0 LKSD-3 LABSTO 73 eo 30 50 30 120 30 78 243 30 18e II <2 <0.5 2..9 2.4 681 47.7 87.4 MAG-1 (Dcptol~) 127 90 21 50 30 90 21 14 147 135 27 112 13 <2 <0.5 <0.2 4.4 6.4 4115 40.9 82..1 LABSTD SY·2LABSTO SY.2LABSTO

W-2flLABSTO .282 90 48 liD 110 90 16 <5 19 190 23 86 <2 < O.S 3.3 1.0 17~ 11.3 242 BL-4a. LABSTO BL-411 LABSTD CTA·AC-1 LABSTO 114 70 so 375 901 >2000 >3000

BIR-11l LABSTO 322 390 55 180 130 110 16 .2 <5 <2 107 16 22 <1 <2 <0.5 4.8 <0.5 0.6 1.11

CDN-GS-3D LABSTO >3000

03260 Replh:alo Orlglnlll 14 <20 <20 < 10 40 12 < 1 <5 123 19 187 <2 < 0.5 < 0.2 <1 2..7 0.7 161 SIl.2 110

03280 LABOUP 13 <20 <20 < 10 so 12 <1 <S 123 19 173 <2 < 0.5 <02 <1 3.4 0.7 162 58.3 1C8

03282 Ropllcalo Original 10

03282 LABOUr> 9

032117 spill Original

032B7lABPREP

Page 4 of5

Quality Control

MothQd Code

Unit Symbol

Analytc) Symbol

Packago Coda

I Datu Analyzed

GXR.1 LABSTO

WMG-1 LABSTD DH-1::t LAeSTD

DH-1 a LAeSTD

DNC-1 LABSTO

GXR-2LABSTO

LKSo.3LABSTO

MAG-1 (Doploloa) lABSTD

SY·2lABSTD

SY-2LABSTD

W·2aLABSTO BL..o4DLABSTO

BL-4a LABSTO

CTA·AC.1 LAeSTO

SIR-10 LASSTO

CON-GS-3D LASSTO 03280 Ropllcolo Original

03280 LABDUP

03282 Roplicoto Orlglnal

03252 LABDUP

03287 Split Onglnal

03287 LABPREP

Activation Laboratories Ltd. Report: A08-6863

FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS PUs-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-M$ FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS ONe

ppm

U

ONe ppm ppm ppm ppm ppm

Pr Nd Sm Ell Gd

462-8td 4B2.sld 462.sld 4S;Z-std 4B2.std ~1~ ~1~ ~1~ (11+) (11+)

ppm ppm

Tb Oy

4B2.std 4B2.std (11+) {11+)

ppm

Ho

4B2-std (11+)

ppm ppm

Er Tm

4B2-std 4S2.std (11+) (11+)

ppm

Yb

462-std (11+)

ppm

Lu

462-stcl (11+)

ppm ppm

HI To

4B2.std 4B2-5td (11+) (11+)

ppm

W

462-8ld (11+)

ppm

TI

4B;Z-Std (11+)

ppm

Pb

4B2-Std (11+)

ppm

81

462-8[(1 (11+)

ppm

Th

4B2-Std (11+)

ppm

U

4B2-std SD-U-Totnl SD-U-TOIflI (11+)

12 Nov 12Nov 12 Nov 12Nov 12Nov 12 Nov 12 Nov 12NDV 12 Nov 12 Nov 12Nov 12NDV 12 Nov 12 Nov 12 NOli 12 NOli 12 Nov 12 Nov 12 NOli 12 Nov 210cl 21 Oct 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2D08 2008 ;zooa 2008

9,93

0,36

11.B

11.3

7.8 11.6

~.5

18.B

39.0 32.9

12.3

1090

2.2

38.8

35.4

2.7

2.2

1.3

3.5

7.2

6.5

3.2

182 1.0

6.8

6.7

0.63

0.75

O.BO

O.T! 1.47

1.~

1.18

SO.O 0.53

1.02 1.00

3.9

1.9

3.1l

5.5

124 1.8

5.2

5.0

0.8

0.4

0.4

O.S

0.9

0.9

0.7

16.0

0.4

0.7

0.7

4.a 2.4

2.B

3.D

S.O 5.0

4.1

2.6

3.8

3.4

0.5

0.8

0.9

0.8

0.6

o.e 0.6

2.0

2.7

2.4

1.7

1.8

1.1

0.42

0.22

0.33

0.30

o.~

0.37

0.29

0.25 0.25

2..2 1.3

1.9

1.6

2..7 2..5

2.1

11.4 1.6

1.5 1.5

Page 5 of5

0.30

0.20

0.30 0.28

0.4Z

0.36

0~2

1.09

0.25

0.21

0.21

0.9

1.7

1.0

6.2

4.8 3.1

2.3

1.4-0.7

4.5 4.2

<0.1

0.3

<D.1

0.9

0.7

1.2

0.5

2..7 < 0.1

U!

2.1

164

<1

<: 1

<1

1

<1

<1

2

2

0.5

< 0.1

1.0

0.3

0.1

< 0.1

0.6 0.7

731 32

401 13

18

11

1380

<0.4

<0.4

<; 0.4

<0.4

<0.4

<0.4

<0.4

2.4

1.1

0.3

a.5 10.4

10.9

2.2

23.0

< 0.1

102 06.9

32.7

0.8

< 0.1

2.9

4.3

2.7

0.6

4.2

O.S

49.6

49.9

2000

2660

280

283

1280

1290

2..3 2.1

1.058

1.D64

Chart9

1000

100 (J) ..... 'i: u I.: 0 J:: U ...... ~ u 0 Il::::

• ~>r::."~ . '

--10 '"

'. <>:::-, •. ~>.

1

La Ce Pr Nd Sm Eu Gd Tb Dy

Page 1

.. '·--=i· ft --.- -- ' .... '

'. -_ .... ,., () ;;::..

Ho Er Tm

• • ,-c- /', .. +

• (}

·0

Vb LU

• 03280 (1)

•

•

03280 (2)

3281

3282

3283

3284

3285

Quality Analysis ... Innovative Technologies

Pele Mountain

2200 Younge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: Maria Bennett

Date Submitted: 18-Feb-09

Invoice No.: A09-0713

Invoice Date: 27-Feb-09

Your Reference: Elliot Lake

CERTIFICATE OF ANALYSIS

40 Rock samples were submitted for analysis.

The following analytical package was requested: Code 5D-U-Total DNC

REPORT A09-0713

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Eric Hoffman, Ph.D.

President/General Manager

1336 Sandhill Drive, Ancaster, Ontario Canada L9G 4V5 TELEPHONE +1 .905.648.9611 or +1.888.228.5227 FAX +1 .905.648.9613

E-MAIL ancasler@acUabsinlcomACTLABSGROUPWEBSITEhl!p:llwviw.actlabsint.com

Activation Laboratories Ltd. Report: A09-0713

3977 2M 1.012

3978 85.5 1.070

3979 183 1.032

~geO 126 1.079

3981 69.0 1.094

3982 620 1.098

3983 25.7 1.094

3984 322 1.067

3985 215 1.011

3966 175 1.013

3987 293 1.1'41

3988 32.8 1.064

3089 158 1.070

3990 373 1.006

39111 590 1.088

3992 16.7 1.038

3003 1000 1.088

3994 429 1.082

3995 68.6 1.064

3996 448 1.047

3097 721 1.057

3996 96.2 1.074

3999 249 1.099

4000 253 1.022

4001 58.3 1.039

4002 847 1.095

4003 49.2 1.042

4004 886 1.013

4005 16.8 1.088

4006 6.9 1.073

4007 87.3 1.004

4001! 248 1.083

4009 166 1.064

4010 38.0 1.049

40'1 38.9 1.023

";012 329 1.091

4013 58.3 1.0114

oW14 5.6 1.020

4015 3.3 1.083

4016 120 1.09S

Page 2 of3

Quality Control

Analyto Symbol

Unit Symbol Ootoction Limit

Analysis Mothod

DH·111M()ll$

OH-1nCert SY·2Moos

SY·2Cotl SY.2Mon:;

$V-lCotl

BL-4tI MoIlS

BL-4tICort

BL-4a MOIlS

BL-4lICOr1 40060ng

4DOBSpiit

40140rig 40145plll

Molhod Blank MolhOd Blank.

u ppm

0.1

ONe

2600

2630

282

264

282

284 12BO

1250

1270

1250

6.9

8.6

5.6

5.5 <0.1

Mass

DNe

1.073

l.OS0

1.020

1.014 1.000

Activation Laboratories Ltd. Report: A09-0713

Page 30f3

Quality Analysis ...

Pele Mountain

2200 Young Street, Suite 905 Toronto Ontario M4S 2eB Canada

ATTN: Mark Smethurst

Innovative Technologies

Date Submitted: 25-Feb-09

Invoice No.: A09-0904

Invoice Date: 27-Feb-09

Your Reference: Elliot Lake

CERTIFICATE OF ANAL YSIS

32 Rock samples were submitted for analysis.

The following analytical package was requested: Code 50-U-Total ONC

REPORT A09-0904

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Eric Hoffman, Ph.D.

PresldenUGeneral Manager

1336 Sandhill Drive, Ancaster. Onlario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or +1.688.226.5227 FAX +1.905.648.9613

E·MAIL ancaster@2CUabslnlcom ACTlABS GROUP Vv'EBS[TE hUp:lI\w/w.adlabsinlcom

Activation Laboratories Ltd. Report:

407:ot 62,2 1.096

4073 44.2- 1.071

4074 154 1.031

4075 452 0.031

4076 104 0.957

4077 636 1.078

4078 242 1.0as

40711 245 1.022

4080 567 0,997

4081 '15 1.056

40B2 447 1.079

4083 191 1.051

4084 130 1.093

4065 372 1.055

4066 298 0.943

40B7 2.90 0.988

4086 322 1.072

4089 545 0.907

4090 785 0.96Q

4091 11.7 1.051

4092 527 1.056

4003 193 1.048

4094 433 1.085

4095 36.D 1.055

40116 320 1.020

4097 19.5 1.027

4098 68.3 1.098

4000 760 1.D54

4100 212 0.949

4101 B.3 1.069

4102. 1030 1.017

4103 21.0 0.956

Page 2 of3

Quality Control

Analyto Symbol Unit Symbol

Detoction l.lmlt

Analysis Mothod

DH-111 MOllS

Dl-f..1a COlt SY.;zMoa:;

SY-2Cort

SY-2MoB5

SY.2Cort

41010rlg

4101 Split

41C30rlg

4103 Split

Mothod BlanK Mothod Blank

U

ppm

0.1

ONe

2830

2630

279

2lI4 281

264

0.3

e.1

.21.0 21.0

<0.1

ONe

1.009

1.01B

D.9SG

0.972

1.000

Activation Laboratories Ltd.

Page 30f3

Report: A09·0904

Quality Analysis ...

Pele Mountain

2200 Yonge Street Suite 905 Toronto Ontario M4S 2C6 Canada

ATTN: AI Shefsky

Innovative Technologies

Date Submitted: 20-Feb-09

Invoice No.: A09-0789

Invoice Date: 27-Feb-09

Your Reference: Elliot Lake

CERTIFICATE OF ANALYSIS

55 Rock samples were submitted for analysis.

The following analytical package was requested: Code 5D-U-Total DNC

REPORT A09-0789

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

CERTIFIED BY :

Eric Hoffman, Ph.D.

PresidenVGeneral Manager

1336 Sandhill Drive, Aneaster. Onlario Canada L9G 4V5 TELEPHONE +1 .905.648.9511 or +1 .888.228.5227 FAX +1.905.648.9613

E-MAIL ancaster@actlabsinlcom ACTLABS GROUP WEBSITE http://www.actlabsinlcom

Activation Laboratories Ltd. Report: A09-0789 Analyto Symbol U Mass

Unit Symbol ppm

'Dotoction Urnlt 0,1

jAnalysis Mothod ONe ONe

4017 no 1.02:.\

4018 391 1.003

4019 83.3 1.006

4020 164 1.051

4021 35.9 1.029

4022 90.0 1,079

4023 14.2 1.043

4024 69.1 1.062

4025 52.6 1.049

4026 122 1.006

4027 24.4 1.004

4028 349 1.012

4029 87,8 1.029

4030 12.0 1.021

4031 694 1.036

4032 269 1,042

4033 230 1.072

4034 331 1,034

4035 294 1.059

4036 257 1.078

4031 29S 1.083

4038 35,3 1.042

4039 181 1,028

4040 115 1.0$6

4041 175 1.061

4042 1.6 1.084

4043 S43 1.090

4044 160 1,050

4045 198 1.010

4046 60.3 1.048

4047 137 1.056

4048 179 1.0:\2

4049 69.1 1.069

4050 46.6 1.052

4051 81.3 1.009

4052 15.2 1.012

4053 3B.1 1.009

4054 396 1.050

405S 52.6 1.005

4056 12.8 1.059

4057 174 1,048

4058 66.9 1.003

4059 1310 1.064

4000 1410 1.049

4061 941 1.007

4062 94.7 1.016

4063 310 1.061

4084 341 1.041

40S5 2030 1.079

4066 102 1.052

40137 30,7 1.00S

4D6B 720 1.062

Page 2 of4

Activation Laboratories Ltd. Report: A09-0789 Analyto Symbol u Moss

Unit Symbol ppm

Dotoction Limit 0.1

Analysis Mothod ONe DNe

4069 9.a 1.011

4070 4.1 1.021

4071 121 1.075

Page 3 of4

Quality Control

iAnalyto Symbol

Unit Symbol

Dotection Limit

Analysis Mothod

DH-1B Mons

DH.1B Cort

SY·2Moo5

SY·2Cort

SY·2Mans

SY-2Colt

eL-4.:l Moos

BL-4.:lCort

BL-4IlMoil5

BL-4.:lCort

4046 Ong

4046SpJlt

4000 Ong

4000 Spill

40BeOrig

4069 Split

Mottlod Blank Molhod BUlnk

u ppm

0.1

ONe

2600

2630

2112

284

2112

284

1260

1250 1270

1250

60.3

58.4

102

9S.6

!l.e 9.4

< 0.1

Moss

ONe

1.048

1.084

1.052

1.059 1.011

1.003

1.000

Activation Laboratories Ltd. Report: A09-0789

Page 4 of4

Page 1 of 2Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM118 Units: METRICProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-45.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Jun 24, 2008Date Started:

Date Completed: Jun 26, 2008

Purpose: Exploration

3009465

Joubin

Collar Az: 337.50

Length: 83.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5137851.20

East: 384166.70

Elev: 415.20

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. EnrightHole was part of a 200Kg bulk sample.

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.50 Lithology: CasingGranite, diabase and some mafic rubble.

1.50 75.70 Lithology: QuartziteTypical green, arkosic Ryan quartzite. Occasional dark banding of smokey quartzgrains and tracepyrite. Bedding 25deg to LCA. Occasional biotite/chlorite mottled section. Someminor k-feldsparalteration or oxidation around bedding joints and fractures. Good quality core.Increase in floater PBQZ and QPC beds down section. Occasional orange stainingon a couple ofbedding joints at 75.5 and 75.6 m.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:1.50 75.70

Colour- Colour 1 : Green:1.50 75.70

Page 2 of 2Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM118 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

75.70 80.67 Lithology: Quartz Pebble ConglomerateHW MCB @ 75.5m and FW @ 80.67. Generally medium packed smokey quartzand chert pebbles.Good pyrite to 30%. Pebbles typically 1 to 3cm, some elongated. Good HW andFW contacts.MCB was submitted for metalurgical testing at SGS Lakefield as part of a 200kgbulk sample.sample # 2034.

Horizon75.70 : Wall Type : Hanging Wall

HW MCB

80.67 83.00 Lithology: QuartziteFW Quartzite. Massive medium grain, green quartzite with occasional smokeyquartz grains.Occasional fine dark streaking 1 to 2 cm in length, oriented along core axis.EOH @ 83.0m

Horizon80.67 : Wall Type : Foot Wall

FW MCB

Page 1 of 7Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM117 Units: METRICF1CProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-45.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Jun 23, 2008Date Started:

Date Completed: Jun 24, 2008

Purpose: Exploration

3009465

Joubin

Collar Az: 315.00

Length: 98.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing:

Logged By:

North: 5137851.30

East: 384166.40

Elev: 415.30

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. EnrightPart of a 200kg metallurgical bulk sample program.

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.50 Lithology: CasingGranite and quartzite rubble.

1.50 68.85 Lithology: QuartziteTypical green Ryan Quartzite. Occasional quartz clast. Occasional biotite/chloritemottled section.Few bedding fractures with k-feldspar alteration associated with. Bedding @ 30to 40deg to LCA.Few floater QPC beds @ 35.2; 34.65; 38.46; 41.3; 56.83; 66.4; 67.1; 67.6; 68.2- up to 20cm wide.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:1.50 68.85

Colour- Colour 1 : Green:1.50 68.85

68.85 69.64 Lithology: Quartzite 2255 68.85 69.64 0.79

Texture- Grain Size : Medium to Course:68.85 69.64

Occasional pea-size quartz clast. Mottled chlorite.

69.64 70.00 Lithology: Quartzite 2256 69.64 70.00 0.36

Texture- Grain Size : Medium to Course:69.64 70.00

Occasional 1cm quartz clast.

Page 2 of 7Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM117 Units: METRICF1CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

70.00 70.30 Lithology: Pebble Quartz 2257 70.00 70.30 0.30HW MCB

Horizon70.00 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:70.00 70.30

Mineralization- Min Type : Pyrite:70.00 70.30

<1%

70.30 70.65 Lithology: Quartz Pebble Conglomerate 2258 70.30 70.65 0.35

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Angular Packing : Well PackedPebble Description : Smokey

:70.30 70.65

Odd mafic clast.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:70.30 70.65

70.65 71.00 Lithology: Quartz Pebble Conglomerate 2259 70.65 71.00 0.35

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed Pebble Description :Smokey

:70.65 71.00

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:70.65 71.00

Page 3 of 7Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM117 Units: METRICF1CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

71.00 71.38 Lithology: Quartz Pebble Conglomerate 2260 71.00 71.38 0.38

Texture- Texture Type : Pebble Packing : Medium Packed

Pebble Description : Smokey:71.00 71.38

Occasionala k-feldspar clast.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:71.00 71.38

71.38 71.96 Lithology: Quartz Pebble Conglomerate 2261 71.38 71.96 0.58

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked Pebble Description : Smokey

:71.38 71.96

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Disseminated:71.38 71.96

71.96 72.50 Lithology: Pebble Quartz 2262 71.96 72.50 0.54

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:71.96 72.50

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Buckshot:71.96 72.54

72.50 73.00 Lithology: Quartz Pebble Conglomerate 2263 72.50 73.00 0.50

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed:72.50 73.00

Page 4 of 7Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM117 Units: METRICF1CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

73.00 73.40 Lithology: Quartz Pebble Conglomerate 2264 73.00 73.40 0.40

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed:73.00 73.40

Mineralization- Min Type : Pyrite:73.00 73.40

<1%

73.40 73.67 Lithology: Quartz Pebble Conglomerate 2265 73.40 73.67 0.27

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm):73.40 73.67

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:73.40 73.67

73.67 73.95 Lithology: Quartz Pebble Conglomerate 2266 73.67 73.95 0.28

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:73.67 73.95

Mineralization- Min Type : Pyrite Min Pct VE : 2:73.67 73.95

73.95 74.23 Lithology: Quartzite 2267 73.95 74.23 0.28

Texture- Grain Size : Coarse:73.95 74.23

Colour- Colour 1 : Green:73.95 74.23

Page 5 of 7Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM117 Units: METRICF1CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

74.23 74.85 Lithology: Quartz Pebble Conglomerate 2268 74.23 74.85 0.62

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Pebble Description : White:74.23 74.85

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Disseminated:74.23 74.85

74.85 75.10 Lithology: Quartz Pebble Conglomerate 2269 74.85 75.10 0.25

Texture- Texture Type : Pebble Packing : Loosely Packed:74.85 75.10

75.10 75.49 Lithology: Quartz Pebble Conglomerate 2270 75.10 75.49 0.39

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed:75.10 75.49

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:75.10 75.49

75.49 75.72 Lithology: Quartz Pebble Conglomerate 2271 75.49 75.72 0.23

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked Pebble Description : Smokey

:75.49 75.72

Mineralization- Min Type : Pyrite:75.49 75.72

<1%

Page 6 of 7Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM117 Units: METRICF1CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

75.72 76.00 Lithology: Quartz Pebble Conglomerate 2272 75.72 76.00 0.28FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : WellPacked

:75.72 76.00

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:75.72 76.00

76.00 76.56 Lithology: Quartzite 2273 76.00 76.56 0.56

Horizon76.00 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:76.00 76.56

Colour- Colour 1 : Green:76.00 76.56

76.56 76.95 Lithology: Quartzite 2274 76.56 76.95 0.39As Previous.

76.95 98.00 Lithology: QuartziteMottled biotite/chlorite in part. Occasional quartz clast. Bedding slips exhibitoxidation.K-feldspar alteration.EOH

Texture- Grain Size : Medium to Course:76.95 98.00

Colour- Colour 1 : Green:76.95 98.00

Structure:95.00 Thickness Along Core : 3.00

Core oxidized and broken.

Page 7 of 7Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM117 Units: METRICF1CProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY68.85 69.64225569.64 70.00225670.00 70.30225770.30 70.65225870.65 71.00225971.00 71.38226071.38 71.96226171.96 72.50226272.50 73.00226373.00 73.40226473.40 73.67226573.67 73.95226673.95 74.23226774.23 74.85226874.85 75.10226975.10 75.49227075.49 75.72227175.72 76.00227276.00 76.56227376.56 76.952274

Sample Type Blank2275

Sample Type DL-1A2276

- PELE MOUNTAIN RESOURCES

Page 1 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM116 Units: METRICProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-69.00Contractor: Marathon

Claim Number:

Location: Surface

Jun 25, 2008Date Started:

Date Completed: Jul 14, 2008

Purpose: Hydrogeology

3009495

Joubin

Collar Az: 45.00

Length: 135.72

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: NQ

DDHole Type:

Casing: Left in hole

Logged By:

North: 5137750.70

East: 381877.80

Elev: 391.90

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Hydro Geology hole supervised by SRK. Oriented core and RQD noted by SRK.Core measured in feet. Re-logged in meter by P. Enright.

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 10.30 Lithology: CasingMix of granite, diabase and mafic cobbles and boulders. 10 to 30cm pieces.

Page 2 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM116 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

10.30 104.85 Lithology: QuartziteTypical green arkosic Ryan Quartzite. Sericitic cement. Narrow dark intercalatedbands of smokeyquartz grains and trace pyrite. Good quality core. Bedding planes @ 60deg toLCA.Occasional quartz clast and gritt section. Occasional mottled biotite/chloritesection. Occasional looselypacked QPC floater bed @ 84.13m(15cm); 89.12(19cm); 95.77(25cm);97.11(33cm); 100.58(18cm).

Texture- Texture Type : Bedding Grain Size : Medium to

Course:10.30 104.85

Colour- Colour 1 : Green:10.30 104.85

Alteration- Alt Type : K-Feldspar:53.00 53.49

- Alt Type : K-Feldspar:72.54 73.15

- Alt Type : K-Feldspar:74.37 74.83

Structure:53.49 Angle : 10.000 Structure Type : Fracture

Rusty

:81.99 Angle : 5.000 Structure Type : FractureRusty. Orange staining few cm on either side.

:85.65 Angle : 10.000 Structure Type : FractureRusty

104.85 105.38 Lithology: Quartzite 2303 104.85 105.38 0.53

Texture- Grain Size : Coarse:104.85 105.38

Two bands of oxidation 45deg to LCA. 10cm wide. Good quality core.

Colour- Colour 1 : Green:104.85 105.38

105.38 105.63 Lithology: Quartzite 2304 105.38 105.63 0.25As previous but without oxidation.

Page 3 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM116 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

105.63 105.92 Lithology: Quartzite 2305 105.63 105.92 0.29As previous.

105.92 106.09 Lithology: Quartzite 2306 105.92 106.09 0.17

Texture- Grain Size : Medium Grain:105.92 106.09

Occasional pea-size quartz clast.

Colour- Colour 1 : Green:105.92 106.09

106.09 106.29 Lithology: Pebble Quartz 2307 106.09 106.29 0.20

Texture- Texture Type : Pebble Grain Size : Medium Grain:106.09 106.29

Loosely packed pebbles at bottom.

106.29 106.42 Lithology: Quartzite 2308 106.29 106.42 0.13

Texture- Grain Size : Medium Grain:106.29 106.42

Occasioanl quartz clast.

Colour- Colour 1 : Green:106.29 106.42

106.42 106.58 Lithology: Pebble Quartz 2309 106.42 106.58 0.16HW MCB. Drillers tag at 106.38

Horizon106.42 : Wall Type : Hanging Wall

HW MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:106.42 106.58

Mineralization- Min Type : Pyrite:106.42 106.58

<1%

Page 4 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM116 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

106.58 106.75 Lithology: Quartz Pebble Conglomerate 2310 106.58 106.75 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed PebbleDescription : White

:106.58 106.75

Mineralization- Min Type : Pyrite:106.58 106.75

<1%

106.75 106.93 Lithology: Quartz Pebble Conglomerate 2311 106.75 106.93 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : White

:106.75 106.93

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:106.75 106.93

106.93 107.17 Lithology: Quartzite 2312 106.93 107.17 0.24

Texture- Grain Size : Medium to Course:106.93 107.17

Occasional quartz clast.

Mineralization- Min Type : Pyrite:106.93 107.17

<1%

107.17 107.29 Lithology: Quartzite 2313 107.17 107.29 0.12As previous with fine grain sections.

107.29 107.59 Lithology: Quartz Pebble Conglomerate 2314 107.29 107.59 0.30

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:107.29 107.59

Mineralization- Min Type : Pyrite:107.29 107.59

<1%

Page 5 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM116 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

107.59 107.87 Lithology: Quartz Pebble Conglomerate 2315 107.59 107.87 0.28

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed PebbleDescription : Smokey

:107.59 107.87

Mineralization- Min Type : Pyrite:107.59 107.87

<1%

107.87 108.05 Lithology: Quartz Pebble Conglomerate 2316 107.87 108.05 0.18

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:107.87 108.05

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:107.87 108.05

Fine

108.05 108.33 Lithology: Quartz Pebble Conglomerate 2317 108.05 108.33 0.28

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:108.05 108.33

10 % pebble content - smokey quartz matrix.

Mineralization- Min Type : Pyrite:108.05 108.33

<1%

108.33 108.64 Lithology: Quartz Pebble Conglomerate 2318 108.33 108.64 0.312319 108.33 108.64 0.31Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:108.33 108.64

Mix of chert, mafic and quartz pebbles. Sericitic cement.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:108.33 108.64

Page 6 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM116 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

108.64 108.82 Lithology: Quartz Pebble Conglomerate 2320 108.64 108.82 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : White

:108.64 108.82

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Buckshot:108.64 108.82

108.82 108.96 Lithology: Quartz Pebble Conglomerate 2321 108.82 108.96 0.14

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:108.82 108.96

5% pebble content.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Stringer:108.82 108.96

108.96 109.16 Lithology: Quartz Pebble Conglomerate 2322 108.96 109.16 0.20

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Angular Packing : Loosely PackedPebble Description : Smokey

:108.96 109.16

Mineralization- Min Type : Pyrite:108.96 109.16

<1%

109.16 109.39 Lithology: Quartz Pebble Conglomerate 2323 109.16 109.39 0.23

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed PebbleDescription : Chert

:109.16 109.39

One 4cm chert pebble. Smokey quartz grains. Sericitic cement.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:109.16 109.39

Page 7 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM116 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

109.39 109.55 Lithology: Quartz Pebble Conglomerate 2324 109.39 109.55 0.16Drillers tag @ 109.42

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:109.39 109.55

Mineralization- Min Type : Pyrite:109.39 109.55

<1%

109.55 109.73 Lithology: Quartz Pebble Conglomerate 2325 109.55 109.73 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed:109.55 109.73

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Buckshot:109.55 109.73

109.73 109.79 Lithology: Pebble Quartz 2326 109.73 109.79 0.06

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:109.73 109.79

Mineralization- Min Type : Pyrite:109.73 109.79

<1%

109.79 110.01 Lithology: Quartz Pebble Conglomerate 2327 109.79 110.01 0.22FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:109.79 110.01

Good quality core. Smokey and white quartz. Contact @ 50deg. Occasionalmafic clast.

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Buckshot:109.79 110.01

Page 8 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM116 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

110.01 110.74 Lithology: Quartzite 2330 110.01 110.74 0.73

Horizon110.01 : Wall Type : Foot Wall

FW MCB

Texture- Texture Type : Massive Grain Size : Medium to

Course:110.01 110.74

Colour- Colour 1 : Green:110.01 110.74

110.74 127.71 Lithology: QuartziteGood quality core. Drillers tag @ 112.44. Bedding 50 to 55deg to LCA. Darkergreen groundmassdown section. Slight impurity or chloritic contamination. Occasional 1 to 2cmwhite quartz clast.

Texture- Grain Size : Medium to Course:110.74 127.71

Colour- Colour 1 : Green:110.74 127.71

127.71 128.32 Lithology: Quartzite 2331 127.71 128.32 0.61

Texture- Grain Size : Coarse:127.71 128.32

One granitoid clast to 2cm. Trace pyrite.

128.32 128.93 Lithology: Quartz Pebble Conglomerate 2332 128.32 128.93 0.61HW BCB

Horizon128.32 : Wall Type : Hanging Wall

BCB

Texture- Texture Type : Pebble Grain Size : Cobble Size

(>3cm) Rounding : Angular Packing : LooselyPacked Pebble Description : Quartz

:128.32 128.93

5% pebble content. Occasional chert.

Mineralization- Min Type : Pyrite Min Texture : Buckshot:128.32 128.93

poor

Page 9 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM116 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

128.93 129.44 Lithology: Quartz Pebble Conglomerate 2333 128.93 129.44 0.51

Texture- Texture Type : Cobble Grain Size : Cobble Size

(>3cm) Rounding : Sub-Rounded Packing : WellPacked

:128.93 129.44

Smokey quartz grains in matrix. Cobbles have micro-fracturing and darkstriations.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:128.93 129.44

129.44 129.71 Lithology: Quartzite 2334 129.44 129.71 0.27

Texture- Grain Size : Medium Grain:129.44 129.71

Impure. Occasional pea-sized quartz clast.

Colour- Colour 1 : Grey Colour Tone 1 : Dark:129.44 129.71

Mineralization- Min Type : Pyrite Min Texture : Trace:129.44 129.71

129.71 129.97 Lithology: Quartz Pebble Conglomerate 2335 129.71 129.97 0.26Assorted pebbles and cobbles resting on basement unconformity. Contact brokenand obscurred.

Texture- Texture Type : Cobble Rounding : Angular

Pebble Description : Smokey:129.71 129.97

Occasional elongated shard. Dark grey smokey quartz grain matrix.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:129.71 129.97

Page 10 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM116 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

129.97 131.17 Lithology: Metamorphic Volcanics 2336 129.97 131.17 1.2070% broken core. Chloritic. No carbonate.

Horizon129.97 : Wall Type : Foot Wall

BCB

129.97 : Wall Type : Unconformity

Texture- Grain Size : Very Fine Grain:129.97 131.17

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:129.97 131.17

131.17 134.41 Lithology: Metamorphic VolcanicsCore broken @ 131.76 - 132.28 (crushed). White pea-sized amygdules @132.58-133.19m.Minor carbonate forming.

Texture- Grain Size : Very Fine Grain:131.17 134.41

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:131.17 134.41

134.41 135.72 Lithology: Metamorphic VolcanicsDrillers tag @ 135.33m

Texture- Grain Size : Very Fine Grain:134.41 135.72

Occasional quartz/carbonate vein.

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:134.41 135.72

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY104.85 105.382303

Page 11 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM116 Units: METRICProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY105.38 105.632304105.63 105.922305105.92 106.092306106.09 106.292307106.29 106.422308106.42 106.582309106.58 106.752310106.75 106.932311106.93 107.172312107.17 107.292313107.29 107.592314107.59 107.872315107.87 108.052316108.05 108.332317108.33 108.642318108.64 108.822320108.82 108.962321108.96 109.162322109.16 109.392323109.39 109.552324109.55 109.732325109.73 109.792326109.79 110.012327110.01 110.742330127.71 128.322331128.32 128.932332128.93 129.442333129.44 129.712334129.71 129.972335129.97 131.172336

Sample Type DUP108.33 108.642319

Sample Type Blank2328

Sample Type UTS-32329

- PELE MOUNTAIN RESOURCES

Page 1 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM115 Units: METRICF4BProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-50.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Jun 22, 2008Date Started:

Date Completed: Jun 23, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 337.50

Length: 119.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5137803.00

East: 383176.00

Elev: 415.10

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Hole part of Metalurgical bulk sample series.

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.50 Lithology: CasingBlack and white granite boulder.

1.50 108.40 Lithology: QuartziteTypical green Ryan quartzite. Core broken first 14m up to 50%. Occasionalpea-sized quartz clast.Occasional biotite/chlorite mottled section. 10% k-feldspar grains. Moinorfracturing down section.Occasional bleached and broken section. Numerous narrow dark bands ofsmokey quartz and tracepyrite. Zone of floater reefs 94.1 to 102.23. Loosely packed QPC with tracepyrite.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:1.50 108.40

Bedding 25 to 30deg to LCA.

Colour- Colour 1 : Green:1.50 108.40

Alteration- Alt Type : Oxidation Alt Pct VE : Bleached:41.00 42.00

Bleached.

- Alt Type : Biotite Alt Pct VE : Spotted:71.00 74.50Mottled appearance

Page 2 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM115 Units: METRICF4BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

108.40 108.75 Lithology: Pebble Quartz 2227 108.40 108.75 0.35

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:108.40 108.75

Mineralization- Min Type : Pyrite:108.40 108.75

<1%

108.75 109.00 Lithology: Pebble Quartz 2228 108.75 109.00 0.25As previous.

Mineralization- Min Type : Pyrite:108.75 109.00

<1%

109.00 109.20 Lithology: Quartzite 2229 109.00 109.20 0.20

Texture- Grain Size : Coarse:109.00 109.20

20% k-feldspar grains.

109.20 109.60 Lithology: Quartz Pebble Conglomerate 2230 109.20 109.60 0.40HW MCB

Horizon109.20 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed Pebble Description :Quartz

:109.20 109.60

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:109.20 109.60

Page 3 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM115 Units: METRICF4BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

109.60 110.00 Lithology: Quartz Pebble Conglomerate 2231 109.60 110.00 0.40

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed Pebble Description :Smokey

:109.60 110.00

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:109.60 110.00

110.00 110.33 Lithology: Quartz Pebble Conglomerate 2232 110.00 110.33 0.33

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Well Packed:110.00 110.33

Occasional elongated chert pebble.

Mineralization- Min Type : Pyrite Min Pct VE : 10:110.00 110.33

110.33 110.56 Lithology: Quartz Pebble Conglomerate 2233 110.33 110.56 0.23

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:110.33 110.56

Mineralization- Min Type : Pyrite:110.33 110.56

<1%

110.56 110.76 Lithology: Quartzite 2234 110.56 110.76 0.20

Texture- Grain Size : Medium to Course:110.56 110.76

Colour- Colour 1 : Green:110.56 110.76

Page 4 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM115 Units: METRICF4BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

110.76 111.10 Lithology: Quartz Pebble Conglomerate 2235 110.76 111.10 0.34

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:110.76 111.10

Mineralization- Min Type : Pyrite Min Pct VE : 5:110.76 111.10

111.10 111.20 Lithology: Quartzite 2236 111.10 111.20 0.10

Texture- Grain Size : Coarse:111.10 111.20

Colour- Colour 1 : Green:111.10 111.20

111.20 111.48 Lithology: Quartz Pebble Conglomerate 2237 111.20 111.48 0.28

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:111.20 111.48

Mineralization- Min Type : Pyrite Min Pct VE : 2:111.20 111.48

111.48 111.70 Lithology: Quartz Pebble Conglomerate 2238 111.48 111.70 0.22

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:111.48 111.70

111.70 111.90 Lithology: Quartz Pebble Conglomerate 2239 111.70 111.90 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:111.70 111.90

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Buckshot:111.70 111.90

Page 5 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM115 Units: METRICF4BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

111.90 112.09 Lithology: Quartz Pebble Conglomerate 2240 111.90 112.09 0.19

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked Pebble Description : Mafic

:111.90 112.09

Mineralization- Min Type : Pyrite Min Pct VE : 20:111.90 112.09

112.09 112.26 Lithology: Quartz Pebble Conglomerate 2241 112.09 112.26 0.17As previous.

112.26 112.57 Lithology: Quartzite 2242 112.26 112.57 0.31

Texture- Grain Size : Coarse:112.26 112.57

Occasional quartz clast.

112.57 112.90 Lithology: Quartz Pebble Conglomerate 2243 112.57 112.90 0.33

Texture- Texture Type : Pebble Packing : Loosely Packed

Pebble Description : Smokey:112.57 112.90

Mineralization- Min Type : Pyrite Min Pct VE : 2:112.57 112.90

112.90 113.60 Lithology: Quartzite 2244 112.90 113.60 0.70

Texture- Grain Size : Coarse:112.90 113.60

Colour- Colour 1 : Green:112.90 113.60

Page 6 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM115 Units: METRICF4BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

113.60 113.90 Lithology: Quartz Pebble Conglomerate 2245 113.60 113.90 0.30

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Quartz

:113.60 113.90

Mineralization- Min Type : Pyrite Min Pct VE : 1:113.60 113.90

113.90 114.45 Lithology: Quartz Pebble Conglomerate 2246 113.90 114.45 0.55

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed Pebble Description : Smokey

:113.90 114.45

Occasional 4cm pebble.

Mineralization- Min Type : Pyrite Min Pct VE : 25:113.90 114.45

114.45 114.65 Lithology: Quartz Pebble Conglomerate 2247 114.45 114.65 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:114.45 114.65

Light green sericitic cement.

Mineralization- Min Type : Pyrite:114.45 114.65

<1%

114.65 114.80 Lithology: Quartz Pebble Conglomerate 2248 114.65 114.80 0.15

Texture- Texture Type : Pebble Packing : Well Packed:114.65 114.80

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Buckshot:114.65 114.80

Page 7 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM115 Units: METRICF4BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

114.80 115.00 Lithology: Quartz Pebble Conglomerate 2249 114.80 115.00 0.20

Texture- Texture Type : Pebble Packing : Loosely Packed:114.80 115.00

Light green cement.

Mineralization- Min Type : Pyrite Min Pct VE : 2:114.80 115.00

115.00 115.40 Lithology: Quartz Pebble Conglomerate 2250 115.00 115.40 0.40

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Quartz

:115.00 115.40

Quartz/chert/mafic pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Detrital:115.00 115.40

115.40 115.92 Lithology: Quartz Pebble Conglomerate 2251 115.40 115.92 0.52FW MCB. 30deg contact

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed:115.40 115.92

Mineralization- Min Type : Pyrite Min Pct VE : 2:115.40 115.92

115.92 116.35 Lithology: Quartzite 2252 115.92 116.35 0.43

Horizon115.92 : Wall Type : Foot Wall

MCB

Texture- Grain Size : Medium to Course:115.92 116.35

Occasional smokey quartz clast. Barren.

Colour- Colour 1 : Green Colour Tone 1 : Light:115.92 116.35

Page 8 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM115 Units: METRICF4BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

116.35 119.00 Lithology: Quartzite

Texture- Grain Size : Medium to Course:116.35 119.00

Barrren. 20% k-feldspar grains.

Structure:117.00 Angle : 30.000 Structure Type : Fracture

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY108.40 108.752227108.75 109.002228109.00 109.202229109.20 109.602230109.60 110.002231110.00 110.332232110.33 110.562233110.56 110.762234110.76 111.102235111.10 111.202236111.20 111.482237111.48 111.702238111.70 111.902239111.90 112.092240112.09 112.262241112.26 112.572242112.57 112.902243112.90 113.602244113.60 113.902245113.90 114.452246114.45 114.652247114.65 114.802248114.80 115.002249115.00 115.402250115.40 115.922251115.92 116.352252

Sample Type Blank2253

Sample Type UTS-42254

Page 1 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM114 Units: METRICF4AProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-50.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Jun 21, 2008Date Started:

Date Completed: Jun 23, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 360.00

Length: 144.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5137803.50

East: 383176.40

Elev: 415.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Hole part of a Metalurgical bulk sample series.

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 2.50 Lithology: CasingQuartzite and diabase rubble.

Page 2 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM114 Units: METRICF4AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

2.50 111.00 Lithology: QuartziteRyan Member. Green arkosic quartzite. Occasional quartz clast and mottledbiotite/chlorite section.Bedding 25deg to LCA. Dark banding and good clean core 43 to 78m. Increase infloater beds @ 99 to 107m.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:2.50 111.00

Occasional PBQZ and QPC section with trace pyrite only. Usually <1cmpebbles.

Colour- Colour 1 : Green:2.50 111.00

Alteration- Alt Pct VE : Bleached:2.50 6.40

- Alt Type : K-Feldspar Alt Pct VE : 50:6.40 19.00

- Alt Type : Oxidation Alt Pct VE : 10:19.00 36.26

Structure:2.50 Thickness Along Core : 2.90

Core broken

:30.87 Angle : 25.000 Thickness Along Core : 0.05 StructureType : Gouge Structure Fill Mat : Quartzite

Consolidated core:39.10 Angle : 20.000 Structure Type : Fracture Structure Fill

Mat : QuartziteBroken - bleached core. Possible fault. Strong, rusty fracture.

:43.00 Angle : 45.000 Structure Type : Fractureorange zone to 2cm from fractures.

:82.70 Angle : 15.000 Structure Type : Fracturerusty

:94.70 Angle : 20.000 Structure Type : Fractureoxidized and rusty.

Page 3 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM114 Units: METRICF4AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

111.00 117.34 Lithology: Main Conglomerate BedIntercalated QPC and quartzite. Typically loosely to medium packed quartzpebbles to 3cm. Smokey pebbles.Generally poor pyrite content. Good lower contact. A lamprophyre/mud slip cutsthrough the MCB @ 115.70m.Consists of 10 to 14 cm of a dark, soft, consolidated mud and fine graingroundmass with tiny white phenocrysts.Much carbonatate and slightly magnetic. Lower contact is obscurred.No samples taken .... MCB sent for testing as bulk sample.

Horizon111.00 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed Pebble Description : Smokey

:111.00 117.34

Mineralization- Min Type : Pyrite Min Pct VE : 2:111.00 117.34

Poor

117.34 142.96 Lithology: QuartziteBedding @ 30deg to LCA. Occasional dark mineralized bed. Occasional darkclast. Couple oforange stained sections. Smokey quartz grains in matrix. Occasional PBQZsection with trace pyrite.Slightly darker matrix. Contaminated or impure quartzite to bottom. Lower 20cmis PBQZ with a darkerimpure matrix. Few pea-sized quartz pebbles and very angular and smokeyquartz grains.Sharp irregular contact with volcanics @ 25deg to LCA.

Horizon117.34 : Wall Type : Foot Wall

MCB

Texture- Grain Size : Medium Grain:117.34 142.96

Colour- Colour 1 : Green Colour Tone 1 : Medium

Colour 2 : Green Colour Tone 2 : Dark:117.34 142.96

Page 4 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM114 Units: METRICF4AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

142.96 144.00 Lithology: Metamorphic VolcanicsFirst 0.9m contains mafic phenocrysts in a lighter green groundmass. Breaksalong distinct shear planes.Chloritic and soft.

Horizon142.96 : Wall Type : Unconformity

Texture- Grain Size : Very Fine Grain:142.96 144.00

Colour- Colour 1 : Green Colour Tone 1 : Dark:142.96 144.00

Page 1 of 5Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM113 Units: METRICF3CProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-50.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Jun 20, 2008Date Started:

Date Completed: Jun 21, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 315.00

Length: 149.30

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5137807.40

East: 383153.10

Elev: 418.80

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: MCB sent for metalurgical testing at SGS lakefield. No individual samples taken.Grade given for entire MCB.

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.00 Lithology: CasingGranite, quartzite rubble and cobbles.

Page 2 of 5Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM113 Units: METRICF3CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

1.00 113.30 Lithology: QuartziteRyan quartzite. Occasional quartz clast and biotite/chlorite mottled section.20deg bedding planes.Increase in PBQZ floater beds to HW MCB. Typically loosely packed pea-sizedsmokey quartz pebbleswith little pyrite. Good quality core generally above the MCB.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:1.00 113.30

Colour- Colour 1 : Green:1.00 113.30

Alteration- Alt Type : Oxidation:1.00 8.00

- Alt Type : K-Feldspar Alt Pct VE : 50:8.00 25.00

- Alt Pct VE : Bleached:42.50 43.00

- Alt Pct VE : Bleached:53.50 54.00

- Alt Pct VE : Bleached:77.70 78.65

Structure:1.00 Angle : 10.000 Thickness Along Core : 8.00

Core blocky and broken.

:29.00 Angle : 15.000 Structure Type : FractureRusty

:65.50 Angle : 10.000 Structure Type : FractureRusty

:73.80 Angle : 5.000 Structure Type : FractureRusty

:77.70 Angle : 30.000 Structure Type : FractureRusty

Page 3 of 5Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM113 Units: METRICF3CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

113.30 118.40 Lithology: Main Conglomerate BedConglomerate loosely packed at top, and becomes increasingly well packed withheavey pyrite to bottom.10 to 30 % pyrite. Mix of quartz and chert pebbles. Lower contact is sharp butoxidized. FW quartzitecontains a number of rusty fractures and a mud seam. One sample taken for theMCB for metalurgicaltesting. One overall grade was given.

Horizon113.30 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed Pebble Description : Smokey

:113.30 118.40

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:113.30 118.40

Structure:118.00 Angle : 40.000 Structure Type : Fracture

Three to five rusty fractures. Heavy oxidation and bleaching. Broken core

Page 4 of 5Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM113 Units: METRICF3CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

118.40 138.30 Lithology: QuartziteCore broken 118 to 119m. Good core 126 to 138m. Increase in k-feldspar downsection.

Horizon118.40 : Wall Type : Foot Wall

MCB

Texture- Grain Size : Coarse:118.40 138.30

Gritty sections.

Colour- Colour 1 : Green:118.40 138.30

Structure:127.00

Drillers report fault. Lost return water. Signs of a few bedding fracturesfrom 119 to 127 - rusty.

:136.50 Angle : 5.000 Structure Type : FractureRusty

138.30 139.45 Lithology: FaultSoft, brown mud seam. K-feldspar alteration at contacts. White and bleached outfrom contactsand into quartzite. Contacts at 40 and 45deg to LCA. Narrow mafic materialimbedded in groundmassat 138.9m with some hematite staining.

139.45 147.00 Lithology: QuartziteCrushed and blocky core.

Texture- Texture Type : Massive Grain Size : Medium to

Course:139.45 147.00

Occasional quartz clast.

Colour- Colour 1 : Green:139.45 147.00

Alteration- Alt Type : Unknown Orange Alt Pct VE : Bleached:139.45 147.00

Oxidized with rusty sections.

Structure:139.45 Thickness Along Core : 7.50

Broken and blocky core.

Page 5 of 5Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM113 Units: METRICF3CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

147.00 147.40 Lithology: UnconformityBroken and crushed contact with volcanics. Massive pyrite mixed withcontaminated quartzite. Notradioactive. Vuggy with cubic pyrite forming.

Horizon147.00 : Wall Type : Unconformity

147.40 149.30 Lithology: Metamorphic Volcanics

Texture- Texture Type : Massive Grain Size : Very Fine Grain:147.40 149.30

Chloritic basalt. Soft - no carbonate.

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:147.40 149.30

Page 1 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM112 Units: METRICF3BProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-50.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Jun 18, 2008Date Started:

Date Completed: Jun 20, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 337.00

Length: 157.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5137807.50

East: 383153.40

Elev: 418.80

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: N

Comments: MCB zone sent for metalurgical testing at SGS Lakefield. Part of a bulk sample series.

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.00 Lithology: CasingGranite and quartzite rubble.

Page 2 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM112 Units: METRICF3BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

1.00 143.50 Lithology: QuartziteRyan member. occasional white quartz clast. Occasional biotite/chlorite section.Increase in clastsand dark pyritic bands down hole. Increase in floater beds down section. 105.6to118.9 - PBQZ sections.Slight alteration with k-feldspar and black streaking veinlets. Rusty bedding jointsand fractures.134.5 to 139 - occasional QPC floater bed. Typically loosely packed smokeyquartz pebbles to 1cm andtrace pyrite.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:1.00 143.50

Colour- Colour 1 : Green:1.00 143.50

Alteration- Alt Type : K-Feldspar Alt Pct VE : 50:1.00 20.00

Structure:1.00 Angle : 10.000 Thickness Along Core : 19.00 Structure

Type : FractureBroken and blocky core. Rust in joints and fractures.

:28.00 Angle : 10.000 Structure Type : FractureRusty.

:31.20 Angle : 15.000 Structure Type : FractureRusty

:32.00 Thickness Along Core : 2.50Broken, rusty and oxidized core.

Page 3 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM112 Units: METRICF3BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

143.50 145.36 Lithology: Main Conglomerate BedStratigraphic HW including PBQZ and QPC sections of loosely packedconglomerate. 2 to 5% pyrite.

Horizon143.50 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:143.50 145.36

Mix of quartzite and conglomerate.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:143.50 145.36

2 to 5 % pyrite.

145.36 152.70 Lithology: Main Conglomerate BedMedium to well packed conglomerate. Heavy pyrite up to 50% in some sections.Good clean FWcontact.

Horizon145.36 : Wall Type : Hanging Wall Wall Modifier : Economic

MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed PebbleDescription : Smokey

:145.36 152.70

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Buckshot:145.36 152.70

up to 50% in some sections.

Page 4 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM112 Units: METRICF3BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

152.70 157.00 Lithology: Quartzite

Horizon152.70 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Massive Grain Size : Medium to

Course:152.70 157.00

Colour- Colour 1 : Green:152.70 157.00

Page 1 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM111 Units: METRICF3AProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-50.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Jun 16, 2008Date Started:

Date Completed: Jun 18, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 360.00

Length: 178.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5137807.60

East: 383153.60

Elev: 418.70

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Metalurgical test hole as part of a series of holes. Some holes were assayed normally with multiplesample breakdown. Others were submitted as one sample to increase size of bulk sample ( 200kg).

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 0.50 Lithology: CasingGranite and mafic rubble.

Page 2 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM111 Units: METRICF3AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.50 129.35 Lithology: QuartziteTypical Ryan Member quartzite. Occasional quartz clast and sections of mottledbiotite/chloriteinterspersed with quartzite. Also occasional dark mineralized narrow band usuallycomposed of smokeyquartz grains and trace pyrite. Bedding @ 30 to 40deg to LCA.

Texture- Texture Type : Bedding Grain Size : Medium to

Course Pebble Description : Smokey:0.50 129.35

Colour- Colour 1 : Green:0.50 129.35

Alteration- Alt Type : Unknown Orange Alt Pct VE : 70 Alt

Intensity : Medium:0.50 19.80

k-feldspar - oxidation.- Alt Pct VE : Bleached:20.80 20.90

Fine grain section.

- Alt Type : K-Feldspar Alt Pct VE : 25:27.10 35.00Oxidized

- Alt Pct VE : Bleached:35.00 35.76Quartz vein @ 70deg to LCA.

- Alt Type : Unknown Orange Alt Pct VE : 50:59.00 64.00Rusty

- Alt Type : Unknown Orange Alt Intensity : Weak:101.10 112.00

Structure:5.80 Angle : 20.000 Structure Type : Fracture

Rusty

:13.50 Angle : 15.000 Structure Type : FractureRusty

:35.30Broken core.

:61.30 Angle : 30.000 Thickness Along Core : 0.30 StructureType : Fracture

Broken core - rusty.

Page 3 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM111 Units: METRICF3AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

Structure:112.00 Angle : 70.000 Thickness Along Core : 0.90 Structure

Type : Gouge Structure Fill Mat : MudFault gouge. Clean contacts at 70deg. Surrounding quartzite is competent.Drillers report fault here.

129.35 138.30 Lithology: Pebble Quartz 2194 129.35 129.65 0.302195 129.65 130.26 0.612196 130.26 130.73 0.472197 130.73 130.96 0.232198 130.96 131.77 0.812199 131.77 132.04 0.272200 132.04 132.39 0.352201 132.39 132.87 0.482202 132.39 132.87 0.482203 132.87 133.13 0.262204 133.13 133.57 0.442205 137.00 137.30 0.302206 137.30 138.00 0.702207 138.00 138.30 0.30

Floater beds of PBQZ and QPC. Loosely packed pebbles to 1cm up to 20%content. Usually tracepyrite. Intercalated with medium to coarse green quartzite. Good representationof samples takenabove MCB.

Texture- Texture Type : Intercalated Grain Size : Pea Size

(<1cm) Rounding : Sub-Rounded Packing :Loosely Packed Pebble Description : Smokey

:129.35 138.30

Structure:137.50 Angle : 10.000 Structure Type : Fracture Fill mat Mnzn

Pct VE : 010% k-feldspar. Rusty - broken core to 137.4m

138.30 143.40 Lithology: Main Conglomerate Bed 2208 138.30 138.70 0.402209 138.70 138.80 0.102210 138.80 139.28 0.482211 139.28 139.77 0.492212 139.77 139.87 0.102213 139.87 140.10 0.232214 140.10 140.34 0.242215 140.34 141.00 0.662216 141.00 141.37 0.372217 141.37 141.64 0.272218 141.64 141.90 0.262219 141.90 142.18 0.282220 142.18 142.52 0.342221 142.52 142.80 0.282222 142.80 143.00 0.202223 143.00 143.40 0.40

Generally medium packed conglomerate with pebbles to 3cm. Mix of roundedand angular quartz, chertand smokey quartz. Typically good pyrite to 25%. FW contact @ 30 to 35deg toLCA- rusty and slightlybroken.

Horizon138.30 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Pebble Description : Smokey

:138.30 143.40

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:138.30 143.40

<1% to 25% pyrite. Some buckshot pyrite.

Page 4 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM111 Units: METRICF3AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

143.40 167.57 Lithology: Quartzite 2224 143.40 143.90 0.50Partly gritt and massive green quartzite. Occasional fine biotite/chlorite mottledsection(unusual for FWquartzite) Weak bedding @ 30 to 40deg to LCA. Orange staining on somefractures. Minor k-feldsparin groundmass. Minor oxidation associated with bedding planes and fractures.

Horizon143.40 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Mottled Grain Size : Medium Grain:143.40 167.57

Some coarser sections and occasional fine grain section.

Colour- Colour 1 : Green:143.40 167.57

167.57 167.65 Lithology: UnconformityLoosely packed QPC with light grey quartz pebbles to 2cm. Very fine contact withvolcanics. Uppercontact is almost gradational. Dark green matrix with <1% fine pyrite. Weakradioactivity. Chloritecontamination. Contact roughly at 20deg to LCA. Some remnants of BCB orregolith.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed Supported :Matrix Supported Weathering : No PebbleDescription : Smokey

:167.57 167.65

Page 5 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM111 Units: METRICF3AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

167.65 178.00 Lithology: Metamorphic VolcanicsChloritic with little carbonate in the first 5-6m. Pyrite streaks 168.5 to 169.0.171.3 to 172.0 - shearing and soft. Some pinkish/white quartz or albite. Hematitestreaking andbroken core. Drillers lost return water @ 172m.173.8 to 178.0 - 20deg contact with albite alteration in part and chlorite schist .Much carbonate ingroundmass. Magnetic to bottom of section.

Horizon167.65 : Wall Type : Unconformity

Texture- Grain Size : Very Fine Grain:167.65 178.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:167.65 178.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY129.35 129.652194129.65 130.262195130.26 130.732196130.73 130.962197130.96 131.772198131.77 132.042199132.04 132.392200132.39 132.872201132.87 133.132203133.13 133.572204137.00 137.302205137.30 138.002206138.00 138.302207138.30 138.702208138.70 138.802209138.80 139.282210139.28 139.772211139.77 139.872212139.87 140.102213140.10 140.342214

Page 6 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM111 Units: METRICF3AProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY140.34 141.002215141.00 141.372216141.37 141.642217141.64 141.902218141.90 142.182219142.18 142.522220142.52 142.802221142.80 143.002222143.00 143.402223143.40 143.902224

Sample Type DUP132.39 132.872202

Sample Type Blank2225

Sample Type DL-1A2226

- PELE MOUNTAIN RESOURCES

Page 1 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM110 Units: METRICF2BProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-45.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Jun 09, 2008Date Started:

Date Completed: Jun 10, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 337.00

Length: 100.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5137774.40

East: 383278.20

Elev: 395.90

Collar Survey: Y Plugged: N

Multishot Survey: N Hole Capped: Y

Pulse EM Survey: Npenright

Comments: MCB sent as bulk sample for metalurgical testing @ SGS Lakefield.Hole blocked by obstructions - no multi-shot survey.

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.00 Lithology: CasingQuartzite - bedrock.

1.00 41.96 Lithology: QuartziteRyan quartzite. Occasional quartz clast and biotite/chlorite mottled section. Fewminor fracturesthat are showing signs of oxidation. Bedding 30 to 35deg to LCA. OccasionalPBQZ and QPC section.Typically loosely packed conglomerate with trace pyrite.

Texture- Texture Type : Bedding Grain Size : Medium to

Course Packing : Loosely Packed PebbleDescription : Smokey

:1.00 41.96

Colour- Colour 1 : Green:1.00 41.96

Page 2 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM110 Units: METRICF2BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

41.96 49.90 Lithology: Main Conglomerate BedLoosely packed to medium 41m to 46.5m. Becomes increasingly well packed tobottom of section.Lower 2m is crushed, broken and pitted core and oxidized. Poor pyritethroughout section. Lowercontact is poor.

Horizon41.96 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Pebble Description : Smokey

:41.96 49.90

Well packed conglomerate at bottom - leached and pitted. Mafic clasts to3cm. light green groundmass.

Mineralization- Min Type : Pyrite Min Pct VE : 2:41.96 49.90

Generally poor content - leached out at bottom ?

Alteration- Alt Type : Oxidation Alt Pct VE : 5 Alt Intensity :

Medium:47.65 50.30

Structure:47.65 Thickness Along Core : 2.25

Crushed and pitted.

:48.80 Angle : 20.000 Structure Type : FractureRusty.

Page 3 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM110 Units: METRICF2BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

49.90 90.80 Lithology: QuartziteFW quartzite. Some sections are broken. Fair amount of k-feldspar alteration.Increasing grey to bottom.Becomes impure, dirty quartzite. Better quality core 89.8 to 90.8. Occasional oddbiotite/chlorite mottledsection and PBQZ section.

Horizon49.90 : Wall Type : Foot Wall

MCB

Texture- Grain Size : Medium Grain:49.90 90.80

Odd PBQZ section.

Colour- Colour 1 : Green:49.90 90.80

Alteration- Alt Type : K-Feldspar:70.30 86.10

- Alt Type : Unknown Orange:86.10 88.0050% k-feldspar grains.

Structure:65.00 Thickness Along Core : 1.50

Broken core.

:70.30 Angle : 30.000 Thickness Along Core : 16.00 StructureType : Fracture

Fractures and broken core. Rusty.90.80 91.00 Lithology: Quartz Pebble Conglomerate

BCB. 50% pebbles to 4cm. White quartz with <1% pyrite. Gradational contactinto basement.Fine, dark matrix. Weak radioactivity.

Page 4 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM110 Units: METRICF2BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

91.00 100.00 Lithology: Metamorphic VolcanicsBroken brecciated core. Red hematite staining. Sheared in part. Soft andchloritic. Groundmass mostlyobscurred by hematite staining. Below 91.2, there is much hematite staining and50% chlorite schist.Faint pea-sized phenocrysts. Core 20% broken. Not magnetic. Fairly soft toscratch.

Horizon91.00 : Wall Type : Unconformity

Texture- Grain Size : Fine Grain:91.00 100.00

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:91.00 100.00

Page 1 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM109 Units: METRICF2AProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-45.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Jun 09, 2008Date Started:

Date Completed: Jun 09, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 360.00

Length: 100.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5137774.00

East: 383278.10

Elev: 395.80

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Part of metalurgical series of holes.

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.00 Lithology: CasingCollared in bedrock - quartzite.

1.00 40.00 Lithology: QuartziteRyan member. Occasional white quartz clast and biotite/chlorite mottled section.Bedding joints andfractures are stained orange with a few cm margin. Increasing PBQZ and QPCfloater beds down section.Not consistent and loosely packed pebbles with trace pyrite. Weak radioactivity.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:1.00 40.00

Occasional 5cm gritt sections, stained orange.

Colour- Colour 1 : Green:1.00 40.00

Structure:5.00 Angle : 20.000 Structure Type : Fracture

:19.80 Angle : 20.000 Structure Type : FractureSlightly broken and oxidized.

:21.00 Angle : 15.000 Structure Type : Fracture

:39.00 Angle : 12.000 Structure Type : FractureRusty

:39.40 Angle : 25.000 Structure Type : FractureIrregular rusty a break, 25% orange staining.

Page 2 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM109 Units: METRICF2AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

40.00 41.14 Lithology: Pebble Quartz 2134 40.00 40.56 0.562135 40.56 40.85 0.292136 40.85 41.14 0.29

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:40.00 41.14

Mineralization- Min Type : Pyrite:40.00 41.14

<1%

41.14 47.95 Lithology: Main Conglomerate Bed 2137 41.14 41.42 0.282138 41.42 41.80 0.382139 41.80 42.10 0.302140 42.10 42.43 0.332141 42.43 42.70 0.272142 42.70 43.00 0.302143 43.00 43.38 0.382144 43.38 43.72 0.342145 43.72 44.12 0.402146 44.12 44.40 0.282147 44.40 44.86 0.462148 44.86 45.20 0.342149 45.20 45.70 0.502150 45.70 46.00 0.302151 46.00 46.17 0.172152 46.17 46.38 0.212153 46.38 46.65 0.272154 46.65 46.92 0.272155 46.92 47.22 0.302156 47.22 47.55 0.332157 47.55 47.95 0.40

Medium to well packed conglomerate. Pyrite content is poor overall. Minork-feldspar alteration andbleaching near bottom. Lower 0.4m at FW is bleached, oxidized and pitted core.

Horizon41.14 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed Pebble Description : Smokey

:41.14 47.95

Mineralization- Min Type : Pyrite Min Pct VE : 1:41.14 47.95

poor

Alteration- Alt Type : Oxidation Alt Intensity : Medium Alt

Pct VE : Bleached:47.22 47.95

Structure:44.12 Angle : 55.000 Structure Type : Fracture

Rusty - within MCB.

Page 3 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM109 Units: METRICF2AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

47.95 88.00 Lithology: Quartzite 2158 47.95 48.72 0.77Medium grain massive FW quartzite. Occasional oxidized fracture and orangegritt zone.67 to 88 - 50% k-feldspar alteration in groundmass. Core blockey and oxidized infractures.87.1 to 87.4 - PBQZ bed with 15% pebble content. Not radioactive. Core brokenand rusty with someminor hematite staining above unconformity.

Horizon47.95 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:47.95 88.00

Colour- Colour 1 : Green:47.95 88.00

88.00 90.90 Lithology: Metamorphic VolcanicsChlorite rich schistose with hematite staining. Soft, broken core. Shearing alongthe unconformity.

Horizon88.00 : Wall Type : Unconformity

90.90 100.00 Lithology: Bull QuartzBroken white bull quartz. Bit of chlorite schist with hematite staining @ 97.54m.

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY40.00 40.56213440.56 40.85213540.85 41.14213641.14 41.42213741.42 41.80213841.80 42.10213942.10 42.43214042.43 42.70214142.70 43.00214243.00 43.38214343.38 43.72214443.72 44.122145

Page 4 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM109 Units: METRICF2AProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY44.12 44.40214644.40 44.86214744.86 45.20214845.20 45.70214945.70 46.00215046.00 46.17215146.17 46.38215246.38 46.65215346.65 46.92215446.92 47.22215547.22 47.55215647.55 47.95215747.95 48.722158

Sample Type Blank2159

Sample Type DL-1A2160

- PELE MOUNTAIN RESOURCES

Page 1 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM108 Units: METRICAN01Proposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-84.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Jun 04, 2008Date Started:

Date Completed: Jun 07, 2008

Purpose: Geophysics

4218565

Joubin

Collar Az: 180.00

Length: 360.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138756.10

East: 383099.70

Elev: 354.80

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Anomaly borehole north east of Pardee Lake. Stinson pyritic banding sampled (2.91m)Excellent MCB. Overall, good quality core. No major structure.

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 10.50 Lithology: CasingMix of quartzite, diabase and granite rubble and boulders. Small amount ofgravel.

10.50 153.75 Lithology: ArgilliteBanded with some thin greywacke beds. Bedding @ 75deg to LCA. Very minorefracturingthroughout. Argillite has minor flare and slump features and some x-bedding.Rare carbonate veinlets.No visible mineralization. Conglomerate bed 153.36 to 153.42 - 2cm smokeypebbles, some elongated.and <1% disseminated pyrite.

Texture- Texture Type : Banding Grain Size : Fine Grain:10.50 153.75

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:10.50 153.75

Page 2 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM108 Units: METRICAN01Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

153.75 164.87 Lithology: ConglomerateCoarse grain, greywacke hosting a poorly developed polymictic conglomerate.Occasional whitegranite clast similar to Ramsay Lake conglomerate. Quartz clasts to 3cm. Grittysections. Some calcitephenocrysts haloing quartz and mafic shards and clasts. Not radioactive.

Horizon153.75 : Wall Type : Hanging Wall

Stinson

Texture- Grain Size : Coarse:153.75 164.87

Colour- Colour 1 : Grey Colour Tone 1 : Light:153.75 164.87

164.87 165.85 Lithology: Silt Stone

Texture- Texture Type : Massive Grain Size : Very Fine Grain:164.87 165.85

medium soft

Colour- Colour 1 : Buff Brown Colour 2 : Green:164.87 165.85

165.85 262.50 Lithology: Quartzite 2129 191.42 191.88 0.462130 191.88 192.38 0.502131 193.40 193.66 0.262132 193.66 193.93 0.272133 193.93 194.33 0.40

Stinson member, hosting pyritic banding and loosely packed conglomerate.Minor sericitic alteration in groundmass. PBQZ beds @ 185.1 to 187.85 - Veryweak radioactivity.Heaviest concentration of pyritic banding occurs from 188.6 to 199.84. Bandingorientation is irregularfrom 45deg to 75deg. to LCA. Radioactivity is just 2x background.216 to 262 - quartzite with occasional white quartz clast to 2cm, loosely packed.Faint radioactivity.

Texture- Texture Type : Massive Grain Size : Fine Grain:165.85 262.50

medium grain down section hosting occasional conglomerate section.

Structure:214.00 Structure Type : Fracture

50% broken core.

:218.90 Structure Type : Fracturebroken core - shattered

Page 3 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM108 Units: METRICAN01Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

262.50 335.85 Lithology: Quartzite 2092 325.57 326.00 0.432093 326.00 326.30 0.302094 326.30 326.70 0.402095 326.70 327.23 0.532096 327.23 327.35 0.122097 327.35 327.52 0.172098 334.67 334.77 0.102099 334.77 334.96 0.192100 334.96 335.10 0.142101 335.10 335.33 0.232102 335.33 335.63 0.302103 335.63 335.75 0.122104 335.75 335.85 0.10

Ryan member. Typical green quartzite. Sharp contact with Stinson. Numerousnarrow dark bands ofsmokey quartz grains and trace pyrite. Increasing floater beds down section.Sampled to 10m aboveHW MCB. Bedding planes @ 75deg to LCA.

Horizon262.50 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:262.50 335.85

Occasional quartz clast and floater bed. Loosely packed pebbles, poorpyrite.

Colour- Colour 1 : Green:262.50 335.85

335.85 337.92 Lithology: Main Conglomerate Bed 2105 335.85 336.00 0.152106 336.00 336.16 0.162107 336.16 336.42 0.262108 336.16 336.42 0.262109 336.42 336.54 0.122110 336.54 336.75 0.212111 336.75 336.87 0.122114 336.87 337.05 0.182115 337.05 337.15 0.102116 337.15 337.41 0.262117 337.41 337.59 0.182118 337.59 337.78 0.192119 337.78 337.92 0.14

Medium to well packed QPC. Good pyrite to bottom of section. Good cleanHW/FW contacts.

Horizon335.85 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed Pebble Description : Smokey

:335.85 337.92

Mineralization- Min Type : Pyrite Min Pct VE : 15:335.85 337.92

Better at bottom.

Page 4 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM108 Units: METRICAN01Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

337.92 351.16 Lithology: Quartzite 2120 337.92 338.40 0.482121 338.40 338.91 0.512122 349.80 350.25 0.452123 350.25 350.90 0.652124 350.90 351.16 0.26

Begins as a medium grain massive green quartzite. Becomes darker and dirty tobottom with chloritecontamination. Occasional quartz clast.

Horizon337.92 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:337.92 351.16

Colour- Colour 1 : Green Colour 2 : Green Colour Tone

2 : Dark:337.92 351.16

351.16 351.66 Lithology: Metamorphic Sediment 2125 351.16 351.36 0.202126 351.36 351.66 0.30Dark green, soft and chloritic. Elongated quartz clasts to 1cm. Pyrite and

pyrrhotite streaking. Weakradioactivity.

Texture- Grain Size : Fine Grain:351.16 351.66

Colour- Colour 1 : Green Colour Tone 1 : Dark:351.16 351.66

351.66 360.00 Lithology: Metamorphic VolcanicsSoft, chloritic. Schistose in part. Flow top breccia in part. Much carbonate ingroundmass after 354.7m.Amygdaloidal in part. Sharp contact @ 359.1 to dense fine grain basalt.Amydaloidal at bottom.

Horizon351.66 : Wall Type : Unconformity

Texture- Texture Type : Amygdaloidal Grain Size : Very Fine

Grain:351.66 360.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:351.66 360.00

Page 5 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM108 Units: METRICAN01Proposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY191.42 191.882129191.88 192.382130193.40 193.662131193.66 193.932132193.93 194.332133325.57 326.002092326.00 326.302093326.30 326.702094326.70 327.232095327.23 327.352096327.35 327.522097334.67 334.772098334.77 334.962099334.96 335.102100335.10 335.332101335.33 335.632102335.63 335.752103335.75 335.852104335.85 336.002105336.00 336.162106336.16 336.422107336.42 336.542109336.54 336.752110336.75 336.872111336.87 337.052114337.05 337.152115337.15 337.412116337.41 337.592117337.59 337.782118337.78 337.922119337.92 338.402120338.40 338.912121349.80 350.252122350.25 350.902123350.90 351.162124351.16 351.362125351.36 351.662126

Sample Type DUP336.16 336.422108

Sample Type Blank21272112

- PELE MOUNTAIN RESOURCES

Page 6 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM108 Units: METRICAN01Proposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type DL-1A21282113

- PELE MOUNTAIN RESOURCES

~~I~I~I~I ~I I~I~I~I~I~I~I~I~I ~I I

Page 1 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM119 Units: METRICF1AProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-45.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Jul 02, 2008Date Started:

Date Completed: Jul 03, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 360.00

Length: 110.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5137851.30

East: 384167.10

Elev: 414.90

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.50 Lithology: CasingQuartzite and diabase rubble.

1.50 63.50 Lithology: QuartziteTypical green Ryan, arkosic quartzite. Occasional quartz clast and mottledbiotite/chlorite section.Occasional bedding joint and fracture with k-feldspar alteration 2 to 3cm wide.Occasional maficangular clast. Few floater beds of PBQZ and QPC. 2 to 5cm wide. Trace pyrite.Good quality core.Bedding @ 30deg to LCA.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:1.50 63.50

Colour- Colour 1 : Green Colour Tone 1 : Light:1.50 63.50

Bleached appearance in areas.

63.50 64.10 Lithology: Quartzite 2277 63.50 64.10 0.60

Texture- Texture Type : Pebble Packing : Loosely Packed:63.50 64.10

Loosely packed pebbles to 1cm

64.10 64.52 Lithology: Pebble Quartz 2278 64.10 64.52 0.42

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):64.10 64.52

64.52 64.85 Lithology: Pebble Quartz 2279 64.52 64.85 0.33As previous.

Page 2 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM119 Units: METRICF1AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

64.85 65.05 Lithology: Quartzite 2280 64.85 65.05 0.20

Texture- Grain Size : Medium to Course:64.85 65.05

Colour- Colour 1 : Green:64.85 65.05

65.05 65.30 Lithology: Quartz Pebble Conglomerate 2281 65.05 65.30 0.25HW MCB

Horizon65.05 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:65.05 65.30

Quartz, chert and mafic clasts. 30deg bedding.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:65.05 65.30

65.30 65.56 Lithology: Quartz Pebble Conglomerate 2282 65.30 65.56 0.26

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:65.30 65.56

Some k-feldspar grains

Mineralization- Min Type : Pyrite:65.30 65.56

<1%

65.56 65.80 Lithology: Quartz Pebble Conglomerate 2283 65.56 65.80 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : White

:65.56 65.80

k-feldspar grains and clasts

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Disseminated:65.56 65.80

Page 3 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM119 Units: METRICF1AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

65.80 66.22 Lithology: Quartz Pebble Conglomerate 2284 65.80 66.22 0.42

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed Pebble Description :Smokey

:65.80 66.22

Mix of white, smokey and k-feldspar clasts.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Disseminated:65.80 66.22

66.22 66.48 Lithology: Quartz Pebble Conglomerate 2285 66.22 66.48 0.26

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Angular Packing : Loosely Packed:66.22 66.48

Mix of clasts - angular and elongated.

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:66.22 66.48

66.48 66.77 Lithology: Quartz Pebble Conglomerate 2286 66.48 66.77 0.29

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:66.48 66.77

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:66.48 66.77

66.77 67.20 Lithology: Quartz Pebble Conglomerate 2287 66.77 67.20 0.43

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Angular Packing : Loosely Packed:66.77 67.20

Mineralization- Min Type : Pyrite:66.77 67.20

<1%

Page 4 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM119 Units: METRICF1AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

67.20 67.46 Lithology: Quartz Pebble Conglomerate 2288 67.20 67.46 0.26

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:67.20 67.46

67.46 67.72 Lithology: Quartz Pebble Conglomerate 2289 67.46 67.72 0.26

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : WellPacked Pebble Description : White

:67.46 67.72

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:67.46 67.72

67.72 68.00 Lithology: Quartz Pebble Conglomerate 2290 67.72 68.00 0.28

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : WellPacked Pebble Description : Smokey

:67.72 68.00

Occasional k-feldspar clast.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Buckshot:67.72 68.00

Heavy interstitial pyrite.

68.00 68.27 Lithology: Quartz Pebble Conglomerate 2291 68.00 68.27 0.27

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : WellPacked Pebble Description : Smokey

:68.00 68.27

Increase in k-feldspar.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Buckshot:68.00 68.27

68.27 68.47 Lithology: Quartz Pebble Conglomerate 2292 68.27 68.47 0.20As previous but with 5% pyrite.

Page 5 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM119 Units: METRICF1AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

68.47 68.94 Lithology: Quartz Pebble Conglomerate 2293 68.47 68.94 0.47

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : MediumPacked Pebble Description : Chert

:68.47 68.94

Mix of quartz and chert.

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Buckshot:68.57 68.94

Structure:68.90 Angle : 40.000 Structure Type : Fracture

Rusty

68.94 69.27 Lithology: Quartz Pebble Conglomerate 2294 68.94 69.27 0.33

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed:68.94 69.27

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Buckshot:68.94 69.27

69.27 69.63 Lithology: Quartz Pebble Conglomerate 2295 69.27 69.63 0.36FW MCB - sharp lower contact @ 35deg to LCA. - clean.

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed Pebble Description :Smokey

:69.27 69.63

Occasional chert clast.

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Buckshot:69.27 69.63

Page 6 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM119 Units: METRICF1AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

69.63 70.30 Lithology: Quartzite 2296 69.63 70.30 0.67

Horizon69.63 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Massive Grain Size : Fine Grain:69.63 70.30

Colour- Colour 1 : Green:69.63 70.30

Page 7 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM119 Units: METRICF1AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

70.30 100.52 Lithology: QuartziteMaasive FW quartzite. Occasional gritt section. Occasional mottled biotite/chlorite.K-feldspar up to 75% in groundmass in some sections. Fracturing prominent.Quartzite becomes impure down section. PBQZ and QPC beds down sectionleading intoBCB. Bedding ~ 30deg to LCA.

Texture- Texture Type : Massive Grain Size : Medium to

Course:70.30 100.52

Some finer grain sections.

Colour- Colour 1 : Green Colour Tone 1 : Medium

Colour 2 : Grey:70.30 100.52

Alteration- Alt Type : K-Feldspar:70.30 83.00

Mottled biotite/chlorite

- Alt Type : K-Feldspar Alt Pct VE : 75 Alt Intensity: Medium

:83.00 83.30

- Alt Type : K-Feldspar:83.30 84.20

- Alt Type : Oxidation:84.20 86.00Fracturing

- Alt Type : Chlorite:99.14 100.52

Structure:83.00 Angle : 20.000 Structure Type : Fracture

Rusty

:89.50 Angle : 25.000 Structure Type : FractureRusty

:89.80 Angle : 20.000 Structure Type : FractureRusty

Page 8 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM119 Units: METRICF1AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

100.52 101.25 Lithology: Quartzite 2299 100.52 101.25 0.73

Horizon100.52 : Wall Type : Hanging Wall

BCB

Texture- Grain Size : Coarse Pebble Description :

Smokey:100.52 101.25

Occasional white quartz clast.

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:100.52 101.25

Mineralization- Min Type : Pyrite Min Texture : Disseminated:100.52 101.25

101.25 101.56 Lithology: Quartz Pebble Conglomerate 2300 101.25 101.56 0.31BCB

Texture- Texture Type : Pebble Grain Size : Cobble Size

(>3cm) Packing : Medium Packed PebbleDescription : Smokey

:101.25 101.56

Smokey quartz groundmass. 10% k-feldspar.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Buckshot:101.25 101.56

101.56 102.17 Lithology: Quartz Pebble Conglomerate 2301 101.56 102.17 0.61As previous, but core is pitted and pyrite is depleated due to leaching . Sharplower contact@ 20 deg to LCA.

Page 9 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM119 Units: METRICF1AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

102.17 102.80 Lithology: Paleosoil 2302 102.17 102.80 0.63Unconformity - 30 deg to LCA. Sharp contact.

Horizon102.17 : Wall Type : Foot Wall

BCB

102.17 : Wall Type : Unconformity Paleosol.

Texture- Grain Size : Very Fine Grain:102.17 102.80

tiny mafic phenocrysts.

Colour- Colour 1 : Green Colour Tone 1 : Light:102.17 102.80

102.80 110.00 Lithology: Metamorphic VolcanicsChlorite and hematite staining. Core 50% broken to 108m. Quartz veining at108m. 20 - 30deg toLCA. Pinkish colour to quartz. No carbonate or magnetite.

Texture- Grain Size : Very Fine Grain:102.80 110.00

Colour- Colour 1 : Green Colour Tone 1 : Dark:102.80 110.00

Alteration- Alt Type : Hematite:102.80 108.00

Chlorite

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY63.50 64.10227764.10 64.52227864.52 64.85227964.85 65.05228065.05 65.30228165.30 65.56228265.56 65.80228365.80 66.22228466.22 66.482285

Page 10 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM119 Units: METRICF1AProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY66.48 66.77228666.77 67.20228767.20 67.46228867.46 67.72228967.72 68.00229068.00 68.27229168.27 68.47229268.47 68.94229368.94 69.27229469.27 69.63229569.63 70.302296

100.52 101.252299101.25 101.562300101.56 102.172301102.17 102.802302

Sample Type Blank2297

Sample Type DL-1A2298

- PELE MOUNTAIN RESOURCES

Ministry of Northern Development and Mines

Ministere du Developpement du Nord et des Mines

Drill Log

Journal de forage page,----'-l _ _ of I de--=2=--_

Under section 8 of the Mining Act, this information is used to maintain a public record. I Aux termes de I'article 8 de la Loi sur les mines, ces renseignements serviront a tenir a jour les dossiers publics. Hole 10 I Forage n" Claim No. I W de concession miniere T ownshipfArea I Canton!

PM-08-120 Joubin

Name of Land Holder I No, de Azimuth Dip Iinclinaison End of Hole (m) I Overburden Depth f fin de forage (m) profondeur des morts-

terrains Pele Mountain Resources 360 -45 265 20.59

Drilling Company I Compagnie de forage Logged by (print) I Core SIze I Collar Elevation I

MDG Drilling Inscrit par (ecrire en letlres moulees) Dimensions de la Elevalion du collier

D. Hawke carotte

BQ

Dale Hole Slar1ed l)'fflfmmfdd) I Dale Compleled tY'fff/mmJdrJ) , Dale l ogged (yyyy/mrrJdd) I localion of Core Storage I Endroil ou la carolle Dale de commencemenl du forage (aaaalmtrl@

2008-07-22

Footage/Avancemenl

From/De TolA

0 20.59

20.59 48.23

Dale d'achevemenl (aaaa!m~) Dale d'inscriplion au journal est stockee

Rock type \ type de roche

OVERBURDItI ANDESITE

laaaafm:nf~) Elliot Lake

2008-07-23

Description (Colour, grain size, texture, minerals, alteration, etc.) , Description (Couleur, granulometrie, texture, mlneraux, transformation, etc.)

light green to grey f.g. massive, v. slightly serici tic. Cut by numerous irreg.

qtz-carb strs and masses gradually dllnl11lslllng down the hole. lower contact

badly broken 34.90 - 36.00 5-8 % diss po, py, cp

48.23 123.53 MUDSTONE Black f.g. mainly massive with 1-90 % py, po. Contains some cherty seetios

in places resembling sulphide facies iron fOlTIlation . Banded (bedding ?) in places at 25 deg. to c. axis. Sulphides remobilized loca lly into cross cutting

stringers 49.5 - Slightly graphitic

57.4 - Some irreg blebs light brown Fe carbonate

0204 (0112006)

DRILL HOLE COLLAR LOCATION CO-ORDINATES I

COORDONNEES DU COLLIER DE TROU DE FORAGE

UTM I MTU Lalitude I Longitude degrees/minutes/seconds or decimal values

degres/minutes/secondes ou valeurs decimales

Datum: o NAD27 o NAD 83 Datum: o NAD 27 o NAD 83

Zone: 015 0 160 170 180 Latitude:

Northing I Ordonnee: 5 136703 Longilude:

Easting I Abscisse: 388991

Planar Feature Core Speciman Your Sam pte

Sample Footagel Sample Length! Assaysl Angle 'I Footage I Niveau de Longueur de Analyses

Angle des Longueur en No.1 prelevement de I'echantillon mlneralurgiques caracl~rlstlques pieds des N'd'e I'echanlillon (en

planes caroties hantillon du pieds) prelevees prospecteur

From/De TolA

@ Queen's Printer for Ontario, 2006 © Imprimeur de la Reine pour rOnlario, 2006

r'):-,

t?Ontario Ministry of Northern Development and Mines

Minist~fe du Developpemenl du Nord et des Mines

Drill Log

Journal de forage

Planar Feature Core Speciman Sample Footagel

Footage! Your Sample Niveau de Foolage/Avancement Rock typel Description (Colour. grain size, texture, minerals, alteration, etc.)! Angle 'I l ongueur en No.1 preh~vemenl de

lype de roche Description (Couleur. granulomelrie. texture. mine-raux. transformation, elc.) Angle des pieds des N° d'echanli11on l'echanlillon (en caracterisliques carolles du prospecteur pieds)

planes From/De TolA prelevees

From/De TolA

massive sulphide sections at - 51.4-52,6, 59,5-59,8, 77.03-77.39, 78.3 1-78, fj

99.5- 102,7 banded mag-py oxide facies Fe formation

114,75 fine banding (bedding?) at -20 deg, to c, axis 123,53 191.42 Int. Volcanic As at 20,59-28.43

160,0-161.95 Broken and sheared subpara llel to c, axis 191.42 202,84 Iron Formation light grey cherty matrix with bands and stringers py«1%-20%, avg, -3%

banded in places at -25 deg, to c, axis 202,84 211.68 Int Volcanic as at 123,53 - 191.42 211.68 214,08 Iron FOlmation As at 191.42 - 202,84 2 14,08 218,6 Int Volcanic as at 123,53 - 191.42

2 18,6 243,26 [ron Formation As at 191.42 - 202,84 243,26 265,0 Int Volcanic As atl23,53 - 191.42

265,0 END OF HOLE

·For features such as fo1lallon. bedding. SChistOSity. measured from the long aXIs of the core. I *Exemples de caraclenshques : fohallon, schlslosite, slralificalion. l 'angle est mesure par rapport a I'axe longitudinal de la carolle.

"Mining Lands Website : http ://www.mndm.gov.on.ca/mndm/minesllands/default_e.asp" "Site Web de la Section des terrains miniers : http://www.mndm.gov.on.ca/mndm/minesllands/defaultJasp"

0204 (0112006) otI Queen's Printer for Onlario, 2006

Page,_2 __ ofl de_ 2 __

Sample Length! Assaysl longueur de Analyses I'echanlillon mineralurgiques

© Imprimeur de la Reine pour I'Ontario, 2006

. :> £):-: To Ontario

Ministry of Northern Development and Mines

Ministere du Oeve loppement du Nord el des Mines

Drill Log

Journal de forage

Under section 8 0' the Mining Act, this information is used to maintain a public record. fAux termes de I'article 8 de la Loi sur les mines. ces renseignements serviront it tenir a jour les dossiers publics.

Page,--,-I __ ofl de--,2=--_

Hole 10 I Forage n° Claim No. I N" de concession miniere

PM·08-121

Township/Area I Canton!

Joubin DRILL HOLE COLLAR LOCATION CO-ORDINATES I COORDONNEES DU COLLIER DE TROU DE FORAGE

Name of Land Holder I No, de Azimuth Dip J Inclinaison End of Hole (m) I Overburden Depth I fin de forage (m) profondeur des morts·

terrains Pele Mountain Resources 210 -50 3.5

Drilling Company I Compagnie de forage Logged by (print) I Core Size I Collar Elevation I .(

MDG Dri lling Insed! par (ecrire en tettres moulees) Dimensions de la Elevation du collier

D. Hawke carotte

NQ 5137683

Dale Hole Slarted (VY)'Y/mmldd) I I Date Compleled (yyyyfmmldd) I I Dale de commencement du Date d'achevement (aaaafll'lmful forage (aaaafmn~J1 Elhot Lake 387598

2008-07-22. 2008-07-24

Rock type \ Description (Colour, grain size, texture, minerals, alteration, etc.)' Planar Feature Core Speciman Your Sample type de roche - Description (Couleur, granulometrie, texture , mineraux, transformation, etc.) Angle 'I Footage' No.1 Angle des Longueur en Wd'e

caracterlsl!ques pieds des hanlillon du planes carottes prospecteuf

From/De TalA pn§levees

From/De TolA

0 3.5 OVERBURDIG Rounded fels ic lithic frags4-5 mm in a l'lIsty sandy matrix Ferricrete ?

3.5 93.17 QTZITEfW ACfi dark grey wacke interbedded w ith light grey quartzite. Bedding at 45 deg. to

c. axis. Qlzite often broken and boudinaged. Grades to mostly wacke at 16m

3.5-16.0 contains up to 15 % diss and s tr py (avg. 1-2 %)

93.17 122.70 IRON FORM. Sulphide Facies, Interbedded fin e black mud with light grey Qtzite with up

to 70% diss. and bl ebby py, po, mag. (average 30-50 %). Faint banding at

- 50 deg. to c. axis. Banding becomes fincr down Ihe hole. Some silica

bands broken and boudinaged

108.5 banded at 55 deg. to c. axis

118.0 . 118.63 massive wacke

120.35 - 121.64 Massive wacke

"For features such as foliation, bedding, schistosity, measured from the long axis of the core. I *Exemples de caracteristiques : foliation, schislosite, stratification. L'angle est mesure par rapport a I'axe longitudinal de la carolle.

"Mining Lands Webs ite: htlp:/Iwww.mndm.gov.on.ca/mndm/mines/lands/de fault_e.asp" · Site Web de la Seclion des lerrains miniers : htlp:/Iwww.mndm.gov.on.ca/mndm/mines/lands/defaultJasp"

0204 (01n006) @Queen's Printer lor Ontario, 2006

Sample Length! Longueur de I'echantillon

Assays' Analyses

Sample FE Niveal

pre[~vem

I'echantill pied:

mineralurgiques

~ Imprimeur de la Reine pour l'Ontario, 2006

f'):.-"

t :> F Ontario

Foolage/Avancement

FromlOe TolA

Ministry of Northern Development and Mines

Rock typel

Minislere du O~veloppement du Nord et des Mines

Description (Colour, grain size, texture, minerals. alteration, elc.)1 type de roche Description (Couleur, granulomelrie,lexlure, mineraux. transformation. elc.)

Planar Feature Angle' ,

Angle des carach~risl iques

planes

Drill Log

Journal de forage

Core Speciman Sample Footagel Footagel Your Sample Niveau de

prelevemenl de l ongueur en No.1 pieds des W d'echanlillon j'tkhanlillon (en carolles du prospecteur pieds)

prelevees From/De TalA

122. 70 265 INT. VOLCAl"il Dark green fg. m.g. massive flow. Contains 10-15 % entrained py and Fe Formation for 0.5 m along upper contact

Cut by a rew thin 1-2 mm qtz-carb strs

132.8 - 133.4 Qtz carb vein, irreg contacts 133.66-134.0Asat 132.8-1 33.4

to c.axis

144.33 - 147.5 Cut by several 0.5- 1 cm wide pink Syenite? dikes at 75 degg

to c. axis . Some with a few blebs cp 147.92 - 148.15 White Qtz vein at 80 deg. to c. axis

149.09 - 149.4 Qtz vein at 75-80 deg. to e. axis

156.3 - 156.8 Weak sulphide facies Tron Formatiollwith up to 50% diss. and

blebby I)Y, po, mag (avg. 5-10 %)

173.65 - 174.20 white qtz vein with 5- 10 % diss. ep, po, sph (contains man~

wall rock inclusions) 182.35 - 183.65 As at 173.65-174.20

184.5 - 185.5 Sediment with 15-20 % diss. and blebs po, cp, PY 202.0 -217.0 Contains irreg patches and strs epidote and albi te

219.5 - 220.0 Contains 8- 10 % diss po 225.85 - 228.0 Becomes light grey with carbo albite and talc? alteration

23 1.7 - 235.0 As at 225.85-228.0

235.0 - 262.5 Rock becomes more highly altered (chI. , albite, epidote,

sericite, silica) and brecciated with 5-10 % diss. ,sir and blebby sph, po, py. 248.0 - 253.0 core badly broken

265.0 END OF HOLE

*For features such as foliation, bedding, schistosity, measured from the long axis of the core. I "Exemples de caracteristiques : foliation, schislosite, stratification. L'angle est mesure par rapport a I'axe longitudinal de Ja carotte.

"Mining Lands Website: http://www.mndm.gov.on.calmndm/mines/lands/default_e.asp" ·Site Web de la Section des terrains miniers : http://www.mndm.gov.on.calmndm/mines/lands/defaultJasp·

0204 (0112006) <0 Queen's Printer (or Ontari!), 2006

Page--=2 __ of! de--=.2 __

Sample Length! Assaysl l ongueur de Analyses I'echanlillon mineralurgiques

o lmprimeur de la Reine pour I'Ontario, 2006

('~

t?Ontario Minrstry of Northern Development and Mines

Ministere du Developpement du Nord el des Mines

Drill Log

Journal de forage Page---=l __ of! de_2 __

Under section 8 of the Mining Act this information is used to maintain a public record I Aux termes de I'article 8 de la Loi sur les mines ces renseignements serviront a tenir a jour les dossiers publics.

Hole 10 I Forage n° Claim No. f W de concession minh~re Township/Area I Canton! DRILL HOLE COLLAR LOCATION CO-ORDINATES I PM-08-l n Joubin COORDONNEES DU COLLIER DE TROU DE FORAGE

Name of Land Holder J No, de Azimuth Dip f Inclinaison End of Hole (m) I Overburden Depth I UTM/MTU Latitude / Long itude fin de forage (m) profondeur des morts- degrees/minutes/seconds or decimal va tues

terrains -45 23 9 7.2

degres/minutes/secondes ou va teurs decima les

Drilling Company I Compagnie de forage Logged by (print) I Core Size I Collar Elevation I Datum: o NAD 27 IZI NAD 83 Da tum: o NAD 27 o NAD 83 MDG Drilling Inserit par (ecrire en !ellres moulees) Dimensions de la EIl!valion du collier

D. Hawke carolle Zone: 01 5 0 160 17 1Z1 180 Latitude :

NQ Northing /Ordonnee: 51 37745 Longitude:

Dale Hole Sta rted (yyyyfmrrJdd) J Date Completed (V'ffIJrMlJd rJ) I Date l ogged (yyyy/mmldd) I Loca tion of Core Storage I Endroil au la caroUe Dale de commencement du Dale d'achevemenl (aaaalfTlfl'l.ilJ) Dale d'inscription au journa l est stockee Easting / Abscisse: 387225 forage (aaaafmm1D (aaaalmm@ Elliot Lake

2008-07-1 9 2008-07-20 2008-07-23

Rock type \ Descripti on (Colour. grain size, lex lure, minerals, alteration, etc.) J Planar Feature Core Speeiman Your Sample

Sample Footage! Sample Length/ Assays! type de roche Deseriplion (Couleur, granulomelrie. texture, mineraux, transform ation, elc.) Angle " Footage I Niveau de Longueur de Analyses

Foolage/Avancemenl Angle des Longueur en No.1 prlM:!vemenl de I'echanlillon mineralurgiques caracle risliques pieds des

Wd·. l'echanliHon (en

planes caroites hanlillon du pieds) prospecieur

From/De TolA prelevees FwmlDe TalA

0 7.2 OVERBURDID Biders of granite, diori te and weathered sandstone 7.2 15. 16 GREYWACKE light grey to green f.g. massive with some shearing near the bottom of

the section

14.92-15.15 whi te qtz vein, contacts at - 80 deg. to c. axis 15. 16 26.90 Fe FORMA n Ci] light grey to white chert with some bands ofpy. rock has been brecciated

and sulphides often remobilized into strs and disseminati ons. Contains 2-3

pyrite overall 26.90 30.09 GREY WACKE As at 7.2-15.16 mixed lVith some cherty sections 30.09 32.98 Fe FORMAnCi] cherty with <I % sirs and diss py

32.98 36.68 GREYWACKg Siliceous, dark green f.g. wi th < I % diss py 36.68 45.92 Fe FORMATlCi] As at 36.68-45.92 with numerous seclions of massive py and po and a relV "For features such as foliation, bedding. schistosity, measured from the long axis of the core. I ~Exemples de caracteristiques : foliation, schistosile, slratification. L'angle est mesure par rapport a I'axe longitud inal de la carotte.

"M ining Lands Webs ite : hUp:/Iwww.mndm.gov.on.caimndm/mines/lands/defa ult_e.asp" "Site We b de la Section des terrains minie rs : hUp:/Iwww.mndm.gov.on.caimndm/mineslla nds/defa uItJ asp·

0204 (0 112005) CI Queen's Printer for Ontario, 2006 @Imprimeurde la Raine pour l'Ontario, 20 06

1'):.-:

trOntario Ministry of Northern Development and Mines

Minlsl~re du Oeveloppemenl du Nord et des Mines

Drill Log

Journal de forage

Planar Feature Core Speeiman Sample Footagel Footagel Your Sample Niveau de

Footage/Avancemenl Rock typel Deseriplion (Colour, grain size, texture, minerals. alteration. etc.)1 Angle 'I

Longueur en No.1 prelevement de Angle des type de loche Description (Couleur, granulom~lrie . texture, mineraux, transformation, elc.) caractcristiques pieds des W d'echanlillon I'echantillon (en

planes caroUes du prospecleur pied,)

From/De lolA prelevees From/De lolA

magnetite rich bands. Massive sulphide at 50.95-51.06, 54.42-54.55,

55.20-55.31,61.0-61.38, 66.96-70.28, 73.53-73.67, 76.33-76.84,

semimassive at 79.17-80.37, 79.24-80.0

80.36 96.62 VOLCAN ICS Dark green f.g. massive mafic flow 96.62 110.53 Fe FORMA TlIH Grey and black banded cheri with some bands massive py and numerous

magnelile bands, Brecciated throughout

105.28-107.36 massive py

108.4-108.66 massive py

110.53 114.62 GREYWACKD grey f.g. massive 114.62 118.38 INT VOLCA}ff Dark grey f.g. massive 118.38 134.0 GREYWACKC light grey, massive with some fine banding in places at - 70 deg. to c. axis

132.0 sheared and brecciated 134.0 141.61 MUDSTONE dark black f.g. grap hitic, contacts gradational 141.61 237.1 7 GREYWACKD light grey f.g. mainly massive with some faint bedding in places at 70-80 de

10 c. axis. Somc shear induced foliation at 80 deg. to c. axis. Cut by numerous thin «Imm) irreg Qtz-carb strs

237.17 239.0 MAFIC VOLC'd mafic metavolcanic flow dark green m.g. massive 239.0 END OF HOLE

"For features such as foliation, bedding, schistosity, measured from the long axis of the core. I ·Exemples de caractlHistiques : foliation, schistosite, stratification. L'angle est mesure par rapport a I'axe longitudinal de la carotte.

"Mining Lands Website: http://www.mndm.gov.on.ca/mndm/mines/lands/default_e.asp" "Site Web de la Section des terrains miniers : http://www.mndm.gov.on.ca/mndm/mines/lands/defaultJasp ..

0204 (01/2006) Q Queen's Printer for Ontario, 2006

Page---,,2 __ of! de,_2 __

Sample Length! Assaysl Longueur de Analyses I'echanlillon mineralurgiques

e Imprimeur de la Reine pour ronlario, 2006

.:> E):... Y Ontario

Ministry of Northern Development and Mines

Minislere du Developpement du Nord et des Mines

Drill Log

Journal de forage Page'-=.I __ off de'-.:2=---_

Under section 8 of the Mining Act this information is used to maintain a public record I Aux lermes de I'article 8 de la Loi sur les mines, ces renseignements serviront a tenir a jour les dossiers publics.

Hole ID I Forage n° Claim No. I W de concession miniere Township/Area I CantonJ DRILL HOLE COLLAR LOCATION CO-ORDINATES I PM-08-1 23 Joubin COORDONN~ESDUCOLLIERDETROUDEFORAGE

Name of Land Holder I No, de Azimuth Dip I inclinaison End of Hole (m) I Overburden Depth I UTM/MTU Latitude / Longitude fin de forage (m) profondeur des morts- degrees /minutes/seconds or decimat vatues

terrains Pe le Mountain Resources 205 -45 209 1.5

degres/minutes/secondes ou valeurs decima les

Drill ing Company I Compagnie de forage Logged by (print) I Core Size I Collar Elevation I Datum: o NAD 27 IZl NAD 83 Datum: o NAD 27 o NAD 83 MDG Drilling Inscrit par (ecrire en retires moulees) Dimensions de fa Elevation du coJlier

D. Hawke caroUe Zone: 015 0 16 0 171Zl 18 0 Latitude:

NQ Northing / a rdon nee: 5 137206 Longitude :

Dale Hole Slar1ed (YYf'llmmldcJ) I Date Completed (vmfmmfdd) I Date Logged (yyyy/mmlOd) I Location of Core Storage I Endroit au Is carotle Dale de commencement du Date d'achevemenl {aaaa/l'l1ffiIJ:l Dale d'inscriplion au journal est slockee

Easting / Abscisse : 387525 forage (aaaalmmfJ.11 (aaaalmmfJl) Elliot Lake

2008-07-23 2008-07-24 2008-07-25

Rock type \ Description (Colour, grain size, texture, minerals, alteration. elc.) I Planar Feature Core Speciman Your Sample Sample Footagel Sample Length! Assaysl

type de roche Description (Couleur, granulometrie, texture, mine raux, transformation, etc.) Angle' J Footage I Niveau de Longueur de Analyses Foolage/Avancement No.1 preli~vemenl de Angle des Longueur en W d'6 I'~chantillon mineralurgiques

caraclerisliques pieds des I'echanlillon (en

planes carolles hanlillon du pieds) pre levees prospecteur

From/De TolA From/De TalA

0 1.5 OVERBURDID 1.5 77 .78 GABBRO Dark grey to black tn.g. to c.g. massive

24.50 - 26.48 Cut by several red Kspar di kelets <1-3 mm wide, highly irreg.

wi th a rew " Iebs cp 34.20 - 59.70 Conlai ns the odd speck po, cp «<1%)

59.70 - 66.70 Contains scaltered blebs and strs po, ep with some chi atld

carbo alt'n. Sulphides up to 10 % locally but average 1% 77.78 95.0 SILICEOUS Sa Contains «I % diss py, cpo Brecciated in places with some cnlde banding

(bedding) at - 60-80 deg. to c. axis

95. 0 183.66 GABBRO varitextured with large (to 2 cm) agglomerations of cream fe ld. phenocrysts

183.66 205.27 GABBRO/SED mixture off.g. gabbro and partially assimilated melasediment ·For features such as folla llOn, bedding, SChiSloSlty, measured from the long axis of the core. I ·Exemples de caractensllques : follallon, schls toslle, stra tification. L'angle est mesure par rapport a I'axe longitud inal de la carolle.

"Mining Lands We bsite: http ://www.mndm.gov.on.ca/mndm/minesllands/default_e .asp .. "Site Web de la Section des te rrains minie rs : http ://www.mndm .gov.on .ca/mndm/minesllands/defauItJasp"

0204 (0112008) @Quee n's Printe r for Ontario, 2006 C Imptimeur de la Reine pour I'Ontario, 2008

1'):."

t?Ontario

Footage/Avancement

From/De To/A

Ministry of Norlhero Development and Mines

Rock typel

Minish~re du D~veloppement du NOJd et des Mines

Description (Colour, grain size, texture, minerals, alteration, etc.)1 type de roche Description (Couleur, granulomelrie,lexlure, mineraux, transformation. elc.)

Planar Feature Angle "I

Angle des caracteristiques

planes

Drill Log

Journal de forage

Core Speeiman Sample Footagel Footagel Your Sample Niveau de

Longueur en No.1 prelevement de pieds des N" d't'!chantillon I'echanlillon (en caroUes du prospecteur pieds)

prelevees FromfDe To/A

205.27 209.0 GABBRO Black m.g. massive

209.0 END OF HOLE

'For features such as foliation, bedding, schistosity, measured from the long axis of the core, I ·Exemples de caracterisliques : foliation, schistosite, stratification. L'angle est mesure par rapport a I'axe longitudinal de la caroHe.

"Mining Lands Website: hUp:/Iwww.mndm.gov.on.ca/mndm/mines/lands/default_e.asp" "Site Web de la Section des terrains miniers : hUp:/Iwww.mndm.gov.on.ca/mndm/mines/lands/defauItJasp"

0204 (0112006) @Queen's Printer for Ontario, 2006

Page--=2 __ of! de,--=.2 __

Sample l e nglhl Assaysl l ongueur de Analyses I'echanlillon minerafurgiques

© Imprimeu r de 19 Reine pour l'Ontario, 2006

Page 1 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM124 Units: METRICPM-08-LProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-70.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Jul 24, 2008Date Started:

Date Completed: Jul 26, 2008

Purpose: Infill

4218566

Joubin

Collar Az: 180.00

Length: 106.72

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138160.30

East: 384337.50

Elev: 393.50

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.00 Lithology: CasingQuartzite rubble.

1.00 81.54 Lithology: QuartziteTypical Ryan quartzite. Numerous narrow dark bands of smokey quartz and tracepyrite.Bedding @ 80deg to LCA. Good quality core. Occasional oxidized gritt sectionwith k-feldspar grains.Occasional weak floater bed. Increase in k-feldspar grains down section. Closeproximity (north of)to Big Dyke.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:1.00 81.54

Colour- Colour 1 : Green:1.00 81.54

Alteration- Alt Type : Oxidation:36.24 36.67

- Alt Type : Oxidation:41.38 41.68

- Alt Type : Oxidation:51.20 52.00

- Alt Type : Oxidation:53.55 53.95

Page 2 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM124 Units: METRICPM-08-LProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

81.54 81.90 Lithology: Quartzite 2337 81.54 81.90 0.36

Texture- Grain Size : Medium Grain:81.54 81.90

k- feldspar grains in groundmass.

Colour- Colour 1 : Green:81.54 81.90

81.90 82.25 Lithology: Quartz Pebble Conglomerate 2338 81.90 82.25 0.35Stratigraphic HW MCB

Horizon81.90 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed Pebble Description :White

:81.90 82.25

20% pebble content. Occasional mafic clast. 50% k-feldspar.

Mineralization- Min Type : Pyrite:81.90 82.25

<1%

82.25 82.50 Lithology: Quartzite 2339 82.25 82.50 0.25

Texture- Grain Size : Coarse:82.25 82.50

Occasional quartz clast.

82.50 82.59 Lithology: Quartz Pebble Conglomerate 2340 82.50 82.59 0.09

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Well Packed:82.50 82.59

Mineralization- Min Type : Pyrite:82.50 82.59

<1%

Page 3 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM124 Units: METRICPM-08-LProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

82.59 82.81 Lithology: Quartz Pebble Conglomerate 2341 82.59 82.81 0.22

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed PebbleDescription : Smokey

:82.59 82.81

Mineralization- Min Type : Pyrite:82.59 82.81

<1%

82.81 83.03 Lithology: Quartzite 2342 82.81 83.03 0.22

Texture- Grain Size : Coarse:82.81 83.03

Altered k-feldspar grains in groundmass.

83.03 83.21 Lithology: Quartz Pebble Conglomerate 2343 83.03 83.21 0.18Economic HW MCB

Horizon83.03 : Wall Type : Hanging Wall Wall Modifier : Economic

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:83.03 83.21

Mineralization- Min Type : Pyrite:83.03 83.21

<1%

83.21 83.53 Lithology: Quartz Pebble Conglomerate 2344 83.21 83.53 0.32

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:83.21 83.53

K-feldspar

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:83.21 83.53

Page 4 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM124 Units: METRICPM-08-LProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

83.53 83.71 Lithology: Quartz Pebble Conglomerate 2345 83.53 83.71 0.18

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Angular Packing : Loosely PackedPebble Description : White

:83.53 83.71

k-feldspar

Mineralization- Min Type : Pyrite:83.53 83.71

<1%

83.71 83.96 Lithology: Quartz Pebble Conglomerate 2346 83.71 83.96 0.25

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Pebble Description : Smokey:83.71 83.96

k-feldspar

Mineralization- Min Type : Pyrite:83.71 83.96

Heavy detrital bands

83.96 84.21 Lithology: Pebble Quartz 2347 83.96 84.21 0.25

Texture- Grain Size : Coarse Pebble Description :

Smokey:83.96 84.21

Minor chlorite contamination.84.21 84.47 Lithology: Pebble Quartz 2348 84.21 84.47 0.26

Texture- Grain Size : Coarse:84.21 84.47

Occasional quartz clast. Dyke stringers and contaminated.

84.47 84.81 Lithology: Quartzite 2349 84.47 84.83 0.36Smokey quartz grains in impure matrix. 20cm black mud.

Texture- Grain Size : Coarse:84.47 84.81

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:84.47 84.81

Structure:84.47 Angle : 80.000 Thickness Along Core : 0.20 Structure

Type : Mudseam Structure Fill Mat : MudVery fine grain - soft, black mud.

Page 5 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM124 Units: METRICPM-08-LProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

84.81 85.09 Lithology: Quartzite 2350 84.83 85.09 0.26

Texture- Grain Size : Medium Grain:84.81 85.09

Impure - tiny dark stringers with no orientaton.

85.09 85.29 Lithology: Quartzite 2351 85.09 85.29 0.20

Texture- Grain Size : Medium Grain:85.09 85.29

Occasional quartz clast. K-feldspar.

85.29 85.40 Lithology: Quartz Pebble Conglomerate 2354 85.29 85.40 0.11

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:85.29 85.40

Mineralization- Min Type : Pyrite Min Pct VE : 5:85.29 85.40

85.40 85.52 Lithology: Pebble Quartz 2355 85.40 85.52 0.12

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:85.40 85.52

85.52 85.78 Lithology: Quartz Pebble Conglomerate 2356 85.52 85.78 0.262357 85.52 85.78 0.26Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Packing : Medium Packed

:85.52 85.78

Impure matrix with k-feldspar grains.

Mineralization- Min Type : Pyrite Min Pct VE : 5:85.52 85.78

85.78 86.02 Lithology: Quartz Pebble Conglomerate 2358 85.78 86.02 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : WellPacked Pebble Description : Chert

:85.78 86.02

Chert and quartz.

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:85.78 86.02

Page 6 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM124 Units: METRICPM-08-LProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

86.02 86.13 Lithology: Quartzite 2359 86.02 86.13 0.11

Texture- Grain Size : Medium Grain:86.02 86.13

Colour- Colour 1 : Green:86.02 86.13

86.13 86.30 Lithology: Quartz Pebble Conglomerate 2360 86.13 86.30 0.17

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed:86.13 86.30

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:86.13 86.30

86.30 86.60 Lithology: Quartzite 2361 86.30 86.60 0.30

Texture- Grain Size : Medium to Course:86.30 86.60

Colour- Colour 1 : Green:86.30 86.60

86.60 86.67 Lithology: Quartz Pebble Conglomerate 2362 86.60 86.67 0.07FW MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Well Packed:86.60 86.67

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:86.60 86.67

Page 7 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM124 Units: METRICPM-08-LProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

86.67 87.40 Lithology: Quartzite 2363 86.67 87.40 0.73

Horizon86.67 : Wall Type : Foot Wall

Texture- Texture Type : Massive Grain Size : Medium Grain:86.67 87.40

Colour- Colour 1 : Green:86.67 87.40

87.40 95.00 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium Grain:87.40 95.00

Occasional white quartz clast and dark band. Trace pyrite.

Colour- Colour 1 : Green:87.40 95.00

95.00 98.11 Lithology: QuartziteDarker - increase in chloritic contamination. Abrupt contact with volcanics. 10cmbrecciatedsection with angular clasts set in pink quartz matrix.

Texture- Grain Size : Medium Grain:95.00 98.11

Colour- Colour 1 : Green Colour Tone 1 : Dark:95.00 98.11

Page 8 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM124 Units: METRICPM-08-LProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

98.11 99.40 Lithology: Metamorphic VolcanicsIntermediate, light green, very fine grain chloritic volcanics. Minorquartz/carbonate veining.

Horizon98.11 : Wall Type : Unconformity

Texture- Grain Size : Very Fine Grain:98.11 99.40

Colour- Colour 1 : Green Colour Tone 1 : Light:98.11 99.40

99.40 101.00 Lithology: Metamorphic VolcanicsMinor hematite staining. Fault reported by driller at 100m - water pressure loss.Core looks good.

Texture- Grain Size : Very Fine Grain:99.40 101.00

Colour- Colour 1 : Green Colour Tone 1 : Dark:99.40 101.00

Structure:100.00

Fault reported by driller with water loss .

101.00 106.72 Lithology: Metamorphic VolcanicsDrillers tag @ 106

Texture- Texture Type : Massive Grain Size : Very Fine Grain:101.00 106.72

Much carbonate in groundmass.

Colour- Colour 1 : Green Colour Tone 1 : Dark:101.00 106.72

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY81.54 81.90233781.90 82.252338

Page 9 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM124 Units: METRICPM-08-LProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY82.25 82.50233982.50 82.59234082.59 82.81234182.81 83.03234283.03 83.21234383.21 83.53234483.53 83.71234583.71 83.96234683.96 84.21234784.21 84.47234884.47 84.83234984.83 85.09235085.09 85.29235185.29 85.40235485.40 85.52235585.52 85.78235685.78 86.02235886.02 86.13235986.13 86.30236086.30 86.60236186.60 86.67236286.67 87.402363

Sample Type DUP85.52 85.782357

Sample Type Blank2352

Sample Type DL-1A2353

- PELE MOUNTAIN RESOURCES

Page 1 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM138 Units: METRICProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-68.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Aug 26, 2008Date Started:

Date Completed: Aug 27, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 180.00

Length: 97.18

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138002.20

East: 384081.20

Elev: 406.50

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.30 Lithology: CasingGranite rubble.

Page 2 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM138 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

1.30 74.35 Lithology: QuartziteRyan member. Typical green arkosic quartzite. Bedding @ 80-85deg to LCA.Increase in floater beds downhole.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:1.30 74.35

Occasional quartz clast and smokey band of PBQZ. Occasional mottledbiotite/chlorite section.

Colour- Colour 1 : Green Colour Tone 1 : Medium:1.30 74.35

Mineralization- :1.30 61.70

Trace pyrite.

- Min Type : Pyrite Min Pct VE : 5 Min Texture :Disseminated

:61.70 62.06

Alteration- Alt Type : Oxidation:1.30 26.16

Few oxidized gritty sections and stained sections.

- Alt Type : Oxidation:26.16 32.6080 %

Structure:28.00 Angle : 10.000 Structure Type : Fracture

rusty

:30.55 Angle : 15.000 Structure Type : Fracture

:41.75 Angle : 45.000 Structure Type : Fracturerusty

74.35 74.95 Lithology: Quartzite 02686 74.35 74.95 0.60

Texture- Grain Size : Medium Grain:74.35 74.95

Occasional white quartz clast.

Colour- Colour 1 : Green:74.35 74.95

Page 3 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM138 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

74.95 75.20 Lithology: Quartzite 02687 74.95 75.20 0.25

Texture- Grain Size : Medium Grain:74.95 75.20

2cm pebbles at lower contact.

Colour- Colour 1 : Green:74.95 75.20

75.20 75.40 Lithology: Quartzite 02688 75.20 75.40 0.20

Texture- Grain Size : Medium Grain:75.20 75.40

Occasional pea-sized pebble

Colour- Colour 1 : Green:75.20 75.40

75.40 75.62 Lithology: Quartzite 02689 75.40 75.62 0.22As 02688

75.62 75.80 Lithology: Pebble Quartz 02690 75.62 75.80 0.18

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:75.62 75.80

Pea-size pebbles

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:75.62 75.80

75.80 75.96 Lithology: Pebble Quartz 02691 75.80 75.96 0.16

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Well Packed:75.80 75.96

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Disseminated:75.80 75.96

Page 4 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM138 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

75.96 76.19 Lithology: Pebble Quartz 02692 75.96 76.19 0.23

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:75.96 76.19

Smokey quartz.

Mineralization- Min Type : Pyrite:75.96 76.19

<1%

76.19 76.42 Lithology: Quartzite 02693 76.19 76.42 0.23

Texture- Grain Size : Medium to Course:76.19 76.42

Colour- Colour 1 : Green:76.19 76.42

76.42 76.64 Lithology: Quartzite 02694 76.42 76.64 0.22

Texture- Grain Size : Coarse:76.42 76.64

Colour- Colour 1 : Green:76.42 76.64

76.64 76.80 Lithology: Pebble Quartz 02695 76.64 76.80 0.16HW MCB

Horizon76.64 : Wall Type : Hanging Wall

HW MCB

Texture- Texture Type : Pebble Packing : Loosely Packed:76.64 76.80

4cm smokey band with fine pyrite.

Mineralization- Min Type : Pyrite:76.64 76.80

<1%

Page 5 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM138 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

76.80 76.92 Lithology: Pebble Quartz 02696 76.80 76.92 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:76.80 76.92

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:76.80 76.92

76.92 77.17 Lithology: Quartz Pebble Conglomerate 02697 76.92 77.17 0.25

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:76.92 77.17

Occasional chert

Mineralization- Min Type : Pyrite Min Pct VE : 3 Min Texture :

Detrital:76.92 77.17

77.17 77.37 Lithology: Quartz Pebble Conglomerate 02698 77.17 77.37 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:77.17 77.37

Minor feldspar grains. Smokey quartz. Sericitic cement.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Banding:77.17 77.37

77.37 77.53 Lithology: Quartz Pebble Conglomerate 02699 77.37 77.53 0.16

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed:77.37 77.53

Smokey quartz pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Disseminated:77.37 77.53

Page 6 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM138 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

77.53 77.61 Lithology: Quartzite 02700 77.53 77.61 0.08

Texture- Grain Size : Medium Grain:77.53 77.61

Colour- Colour 1 : Green:77.53 77.61

77.61 77.77 Lithology: Quartz Pebble Conglomerate 02703 77.61 77.77 0.16

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed:77.61 77.77

Smokey pebbles. Sericitic cement.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:77.61 77.77

77.77 77.96 Lithology: Quartz Pebble Conglomerate 02704 77.77 77.96 0.19

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:77.77 77.96

Occasional chert

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:77.77 77.96

77.96 78.12 Lithology: Quartz Pebble Conglomerate 02705 77.96 78.12 0.16

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:77.96 78.12

Smokey pebbles

Mineralization- Min Type : Pyrite Min Pct VE : 3 Min Texture :

Detrital:77.96 78.12

Page 7 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM138 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

78.12 78.36 Lithology: Quartz Pebble Conglomerate 02706 78.12 78.36 0.2402707 78.12 78.36 0.24Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:78.12 78.36

Smokey and chert clasts.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:78.12 78.36

78.36 78.54 Lithology: Quartz Pebble Conglomerate 02708 78.36 78.54 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:78.36 78.54

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 3 Min Texture :

Detrital:78.36 78.54

78.54 78.66 Lithology: Quartz Pebble Conglomerate 02709 78.54 78.66 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm):78.54 78.66

White quartz pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Stringer:78.54 78.66

78.66 78.75 Lithology: Quartz Pebble Conglomerate 02710 78.66 78.75 0.09

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:78.66 78.75

Sericitic cement. White quartz pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:78.66 78.75

Page 8 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM138 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

78.75 78.83 Lithology: Quartzite 02711 78.75 78.83 0.08

Texture- Grain Size : Medium to Course:78.75 78.83

Colour- Colour 1 : Green:78.75 78.83

78.83 78.91 Lithology: Quartz Pebble Conglomerate 02712 78.83 78.91 0.08FW MCB. Sharp lower contact @ 80deg to LCA.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:78.83 78.91

Mineralization- Min Type : Pyrite:78.83 78.94

<1%

78.91 79.46 Lithology: Quartzite 02713 78.91 79.46 0.55

Horizon78.91 : Wall Type : Foot Wall

FW MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:78.91 79.46

79.46 79.96 Lithology: Quartzite 02714 79.46 79.96 0.50

Texture- Grain Size : Medium to Course:79.46 79.96

Colour- Colour 1 : Green:79.46 79.96

Page 9 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM138 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

79.96 82.86 Lithology: Quartzite

Texture- Grain Size : Medium to Course:79.96 82.86

Occasional pea-sized pebbles. Smokey quartz grains.

Structure:82.14 Angle : 25.000 Structure Type : Fracture Structure Fill

Mat : MudPossibly drill induced.

82.86 88.90 Lithology: Quartzite

Texture- Grain Size : Medium Grain:82.86 88.90

Occasional dark banding- random with multiple angles to core.

88.90 89.16 Lithology: Quartzite 02715 88.90 89.16 0.26

Texture- Texture Type : Massive Grain Size : Medium Grain:88.90 89.16

Smokey quartz grains in sericitic matrix.

89.16 89.31 Lithology: Quartz Pebble Conglomerate 02716 89.16 89.31 0.15Basal conglomerate.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked Supported : Matrix Supported

:89.16 89.31

Smokey quartz and mafic clasts in paleosoil groundmass

Mineralization- Min Type : Pyrite:89.16 89.31

<1%

89.31 89.52 Lithology: Other 02717 89.31 89.52 0.21Paleosoil or siltstone.

Texture- Texture Type : Massive Grain Size : Very Fine Grain:89.31 89.52

Sericitic soil.

89.52 89.90 Lithology: Other 02718 89.52 89.90 0.38As 02717

Texture- Grain Size : Very Fine Grain:89.52 89.90

Page 10 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM138 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

89.90 90.33 Lithology: Other 02719 89.90 90.33 0.43As 02717

Structure:89.90 Angle : 5.000 Structure Type : Fracture

Rusty

90.33 90.52 Lithology: Metamorphic Volcanics 02720 90.33 90.52 0.19Massive basalt.

Horizon90.33 :

Unconformity

Texture- Texture Type : Massive Grain Size : Very Fine Grain:90.33 90.52

Very faint contact with upper bed or paleosoil.

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:90.33 90.52

90.52 91.10 Lithology: Metamorphic Volcanics

Texture- Texture Type : Massive Grain Size : Very Fine Grain:90.52 91.10

Alteration- Alt Type : Hematite Alt Intensity : Medium:90.52 91.10

Streaking.

91.10 97.18 Lithology: Metamorphic VolcanicsMassive basalt.Driller tag @ 97.0

Texture- Texture Type : Massive Grain Size : Very Fine Grain:91.10 97.18

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:91.10 97.18

Alteration- Alt Type : Hematite Alt Intensity : Medium Alt

Pct VE : Banded:91.10 97.18

Page 11 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM138 Units: METRICProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY74.35 74.950268674.95 75.200268775.20 75.400268875.40 75.620268975.62 75.800269075.80 75.960269175.96 76.190269276.19 76.420269376.42 76.640269476.64 76.800269576.80 76.920269676.92 77.170269777.17 77.370269877.37 77.530269977.53 77.610270077.61 77.770270377.77 77.960270477.96 78.120270578.12 78.360270678.36 78.540270878.54 78.660270978.66 78.750271078.75 78.830271178.83 78.910271278.91 79.460271379.46 79.960271488.90 89.160271589.16 89.310271689.31 89.520271789.52 89.900271889.90 90.330271990.33 90.5202720

Sample Type DUP78.12 78.3602707

Sample Type Blank02701

Sample Type UTS-402702

- PELE MOUNTAIN RESOURCES

Page 1 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM137 Units: METRICProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-66.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Aug 24, 2008Date Started:

Date Completed: Aug 25, 2008

Purpose: Infill

4218566

Joubin

Collar Az: 180.00

Length: 88.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138000.90

East: 384208.60

Elev: 407.20

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.00 Lithology: Casing0.73m green quartzite with slight orange/pink alteration. Gritty sections.

Colour- Colour 1 : Green Colour Tone 1 : Medium:0 61.75

1.00 61.75 Lithology: QuartziteLower Ryan member. Good quality core. Some minor dark banding and mottledsections to 25mDecrease in orange staining down hole. Incease in mottled biotite/chloritesections 39 to 54m.54.24m; 56.34m; 60m; - QPC floater beds- smokey, <1% pyrite.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:1.00 61.75

Few dark bands, increasing down hole.

Alteration- Alt Type : Oxidation Alt Intensity : Medium Alt

Pct VE : Pervasive:1.00 25.00

Orange staining in coarser sections.

Structure:1.00 Angle : 45.000 Thickness Along Core : 24.00 Structure

Type : FractureRusty fractures with staining around joints and fractures. Bedding @ 75degto LCA

Page 2 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM137 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

61.75 62.10 Lithology: Quartzite 02618 61.75 62.10 0.35

Texture- Grain Size : Medium Grain:61.75 62.10

Occasional white quartz clast.

Colour- Colour 1 : Green:61.75 62.10

Mineralization- Min Type : Pyrite:61.75 62.10

<1%

62.10 62.22 Lithology: Pebble Quartz 02619 62.10 62.22 0.12

Texture- Grain Size : Medium to Course:62.10 62.22

60 % dark banding, smokey quartz.

Mineralization- Min Type : Pyrite:62.10 62.22

Trace

62.22 62.59 Lithology: Quartzite 02620 62.22 62.59 0.37

Texture- Grain Size : Coarse:62.22 62.59

Quartz clast

Mineralization- Min Type : Pyrite:62.22 62.59

<1%

62.59 62.78 Lithology: Pebble Quartz 02623 62.59 62.78 0.19

Texture- Texture Type : Pebble Grain Size : Coarse

Packing : Loosely Packed:62.59 62.78

20 % k-feldspar

Mineralization- Min Type : Pyrite:62.59 62.78

<1%

62.78 62.95 Lithology: Pebble Quartz 02624 62.78 62.95 0.17As 02623

Texture- Texture Type : Pebble Grain Size : Coarse:62.78 62.95

Page 3 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM137 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

62.95 63.18 Lithology: Quartz Pebble Conglomerate 02625 62.95 63.18 0.23HW MCB

Horizon62.95 : Wall Type : Hanging Wall

HW MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:62.95 63.18

Smokey, 25% k-feldspar grains.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:62.95 63.18

63.18 63.31 Lithology: Quartz Pebble Conglomerate 02626 63.18 63.31 0.13

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:63.18 63.31

Mineralization- Min Type : Pyrite:63.18 63.31

Fine pyrite

63.31 63.46 Lithology: Pebble Quartz 02627 63.31 63.46 0.15

Texture- Grain Size : Coarse:63.31 63.46

20% k-feldspar

Colour- Colour 1 : Green:63.31 63.46

63.46 63.64 Lithology: Pebble Quartz 02628 63.46 63.64 0.18

Texture- Grain Size : Coarse:63.46 63.64

Occasional quartz clast.

Colour- Colour 1 : Green:63.46 63.84

Page 4 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM137 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

63.64 63.84 Lithology: Pebble Quartz 02629 63.64 63.84 0.20

Texture- Texture Type : Pebble Grain Size : Coarse:63.64 63.84

40% pea-size pebbles.

63.84 64.00 Lithology: Pebble Quartz 02630 63.84 64.00 0.16

Texture- Grain Size : Coarse:63.84 64.00

Colour- Colour 1 : Green:63.84 64.00

Slightr orange hue.

Structure:63.84 Angle : 45.000 Structure Type : Fracture

Rusty

64.00 64.16 Lithology: Quartz Pebble Conglomerate 02631 64.00 64.16 0.16

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:64.00 64.16

k-feldspar grains. sericitic cement.

Mineralization- Min Pct VE : 2 Min Texture : Detrital:64.00 64.16

Fine

64.16 64.30 Lithology: Pebble Quartz 02632 64.16 64.30 0.14

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:64.16 64.30

50% k-feldspar in groundmass.

Mineralization- Min Type : Pyrite:64.16 64.30

<1%

Page 5 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM137 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

64.30 64.50 Lithology: Quartz Pebble Conglomerate 02633 64.30 64.50 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:64.30 64.50

Smokey pebbles

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:64.30 64.50

64.50 64.60 Lithology: Quartz Pebble Conglomerate 02634 64.50 64.60 0.10

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:64.50 64.60

Smokey dark banding.

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:64.50 64.60

64.60 64.77 Lithology: Quartz Pebble Conglomerate 02635 64.60 64.77 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:64.60 64.77

Occasional chert, white quartz.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:64.60 64.77

Fine

64.77 64.85 Lithology: Pebble Quartz 02636 64.77 64.85 0.08

Texture- Texture Type : Pebble Grain Size : Coarse:64.77 64.85

Smokey with K-feldspar grains in groundmass.

Mineralization- Min Type : Pyrite:64.77 64.85

<1%

Page 6 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM137 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

64.85 65.03 Lithology: Quartz Pebble Conglomerate 02637 64.85 65.03 0.1802638 64.85 65.03 0.18Texture

- Texture Type : Pebble Grain Size : Pea Size (<1cm)Packing : Well Packed

:64.85 65.03

K-feldspar

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:64.85 65.03

65.03 65.20 Lithology: Quartz Pebble Conglomerate 02641 65.03 65.20 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:65.03 65.20

Smokey quartrz and sericitic cement.

Mineralization- Min Type : Pyrite:65.03 65.20

<1%

65.20 65.38 Lithology: Quartz Pebble Conglomerate 02642 65.20 65.38 0.18

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:65.20 65.38

Smokey, 10% k-feldspar

Mineralization- Min Type : Pyrite:65.20 65.38

<1%

65.38 65.55 Lithology: Quartz Pebble Conglomerate 02643 65.38 65.55 0.17

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed:65.38 65.55

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:65.38 65.55

Page 7 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM137 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

65.55 65.77 Lithology: Quartz Pebble Conglomerate 02644 65.55 65.77 0.22

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:65.55 65.77

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Detrital:65.55 65.77

65.77 65.94 Lithology: Quartz Pebble Conglomerate 02645 65.77 65.94 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:65.77 65.94

k-feldspar

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:65.77 65.94

concentrated at bottom

65.94 66.01 Lithology: Pebble Quartz 02646 65.94 66.01 0.07

Texture- Grain Size : Medium to Course:65.94 66.01

Smokey quartz grains and k-feldspar grains.

Colour- Colour 1 : Green:65.94 66.01

66.01 66.09 Lithology: Quartz Pebble Conglomerate 02647 66.01 66.09 0.08FW MCB. Lower contact @ 70deg to LCA and oxidized.

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Well Packed:66.01 66.09

Smokey quartz pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:66.01 66.09

Page 8 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM137 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

66.09 66.19 Lithology: Quartzite 02648 66.09 66.19 0.10

Horizon66.09 : Wall Type : Foot Wall

FW MCB

Texture- Grain Size : Very Fine Grain:66.09 66.19

Colour- Colour 1 : Green Colour Tone 1 : Light:66.09 66.19

Bleached

Alteration- :66.09 66.19

Leaching of fine siltstone like quartzite.

66.19 67.04 Lithology: Quartzite 02649 66.19 67.04 0.85

Texture- Grain Size : Medium to Course:66.19 67.04

Colour- Colour 1 : Green:66.19 67.04

67.04 78.80 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium to

Course:67.04 78.80

Occasional dark band and mottled biotite/chlorite section. Few PBQZsections with smokey quartz.

Alteration- Alt Type : Oxidation Alt Intensity : Pervasive:67.04 78.80

70 to 74m - k-feldspar grains.

Page 9 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM137 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

78.80 79.15 Lithology: Quartzite 02650 78.80 79.15 0.35

Texture- Grain Size : Medium Grain:78.80 79.15

Occasional quartz clast and increase in k-feldspar content.

Colour- Colour 1 : Grey Colour Tone 1 : Medium:78.80 79.15

Mineralization- Min Type : Uranium:78.80 79.15

2x background on scint.

79.15 79.66 Lithology: Quartzite 02651 79.15 79.66 0.51

Texture- Texture Type : Massive Grain Size : Medium Grain:79.15 79.66

sericitic lighter green cement.

Colour- Colour 1 : Green Colour Tone 1 : Dark:79.15 79.66

79.66 80.00 Lithology: Greywacke 02652 79.66 80.00 0.34

Texture- Texture Type : Massive Grain Size : Medium Grain:79.66 80.00

k-feldspar gains.

Mineralization- Min Type : Uranium:79.66 80.00

2-3x background

80.00 80.28 Lithology: Quartzite 02653 80.00 80.28 0.28

Texture- Grain Size : Medium Grain:80.00 80.28

Dirty quartzite with sericitic and paleosoil matrix.

80.28 80.33 Lithology: Quartz Pebble Conglomerate 02654 80.28 80.33 0.05Unconformity truncates basal conglomerate. Contact @ 70deg to LCA.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed Supported : Matrix Supported

:80.28 80.33

Pebbles mixed with sericitic paleosoil.

Page 10 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM137 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

80.33 80.58 Lithology: Metamorphic Volcanics 02655 80.33 80.58 0.25Sericitic clasts and shards in groundmass. Partly layered fine paleosoil or regolith.

Horizon80.33 :

Unconformity

Texture- Texture Type : Amygdaloidal Grain Size : Very Fine

Grain Rounding : Angular:80.33 80.58

Paleosoil like shards.

Colour- Colour 1 : Black:80.33 80.58

80.58 80.90 Lithology: Metamorphic Volcanics 02656 80.58 80.90 0.32

Texture- Texture Type : Fine Bedding Grain Size : Very Fine

Grain:80.58 80.90

Colour- Colour 1 : Black Colour 2 : Green Colour Tone

2 : Dark:80.58 80.90

Alteration- Alt Type : Hematite Alt Intensity : Medium:80.58 80.90

Page 11 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM137 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

80.90 88.00 Lithology: Metamorphic Volcanics

Texture- Texture Type : Flow Texture Grain Size : Very Fine

Grain:80.90 88.00

Intercalated dark basalt. Flow breccia with large volcanic shards and minorpyrite.

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:80.90 88.00

Alteration- Alt Type : Hematite Alt Intensity : Medium:80.90 88.00

Stained

Structure:84.80 Thickness Along Core : 1.00 Structure Type : Breccia

Structure Fill Mat : BrecciaFlow breccia.

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY61.75 62.100261862.10 62.220261962.22 62.590262062.59 62.780262362.78 62.950262462.95 63.180262563.18 63.310262663.31 63.460262763.46 63.640262863.64 63.840262963.84 64.000263064.00 64.160263164.16 64.300263264.30 64.500263364.50 64.600263464.60 64.770263564.77 64.850263664.85 65.030263765.03 65.200264165.20 65.380264265.38 65.5502643

Page 12 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM137 Units: METRICProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY65.55 65.770264465.77 65.940264565.94 66.010264666.01 66.090264766.09 66.190264866.19 67.040264978.80 79.150265079.15 79.660265179.66 80.000265280.00 80.280265380.28 80.330265480.33 80.580265580.58 80.9002656

Sample Type DUP64.85 65.0302638

Sample Type Blank0263902621

Sample Type UTS-302640

Sample Type UTS-402622

- PELE MOUNTAIN RESOURCES

Page 1 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM136 Units: METRICPM-08-GProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-87.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Aug 27, 2008Date Started:

Date Completed: Aug 29, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 360.00

Length: 234.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138512.60

East: 384591.50

Elev: 368.50

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 3.50 Lithology: CasingQuartzite, greywacke boulders and rubble.

3.50 6.20 Lithology: Ramsey Lake ConglomerateMixed with greywacke and argillite beds. Large 5 to 7 cm granite clasts andsiltstone shards.One large rounded cobble of 90% pyrite. Gradational into quartzite.

Texture- Texture Type : Cobble:3.50 6.20

Colour- Colour 1 : Grey Colour Tone 1 : Dark:3.50 6.20

Page 2 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM136 Units: METRICPM-08-GProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

6.20 112.90 Lithology: QuartziteStinson member. Pea-sized clasts and pebbles. Number of fractures with orangestaining.5cm oxidized zone around fractures. Some sections with fine laminated siltstonebedding.Pyritic banding at 20.5 to 44.2m. 60deg to LCA. Faint bands and weakradioactivity.Bottom section ends with very fine grain pinkish siltstone. Laminated. Contact issharp with 3cm buffsiltstone @ 60deg to LCA. Bleached looking. Sharp contact with Ryan @ 60deg toLCA.

Horizon6.20 : Wall Type : Hanging Wall

Stinson

Texture- Texture Type : Fine Bedding Grain Size : Fine to

Medium Grain:6.20 112.90

Colour- Colour 1 : Grey Colour Tone 1 : Medium:6.20 112.90

Alteration- Alt Type : Unknown Pink Alt Pct VE : 75 Alt

Intensity : Pervasive Alt Pct VE : Pervasive:49.40 94.40

Structure:6.20 Angle : 10.000 Structure Type : Fracture

6.2 to 8.0m - rusty srufaces.

:49.4075% core broken and blocky.

:70.00 Thickness Along Core : 0.10 Structure Type : GougeStructure Fill Mat : Breccia

Fragments to 1cm. Rusty, dark groundmass. Breccia surrounded bysiltstone.

:74.20 Structure Type : Breccia Structure Fill Mat : BrecciaBleached look. No measurable contacts with breccia.

Page 3 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM136 Units: METRICPM-08-GProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

112.90 209.00 Lithology: QuartziteRyan member. Typically green, coarse grain arkosic with numerous narrow darkmineralized bands.These bands are essentially smokey quartz grains and trace pyrite. Weaklyradioactive.The core is usually good quality with 100% RQD.Floater reefs form down section.

Horizon112.90 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:112.90 209.00

Colour- Colour 1 : Green Colour Tone 1 : Medium:112.90 209.00

209.00 209.41 Lithology: Quartzite 02721 209.00 209.41 0.41

Texture- Grain Size : Medium Grain:209.00 209.41

Colour- Colour 1 : Green:209.00 209.41

209.41 209.70 Lithology: Pebble Quartz 02722 209.41 209.70 0.29

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:209.41 209.70

Narrow pyritic banding and smokey clasts.209.70 209.83 Lithology: Quartzite 02723 209.70 209.83 0.13

Texture- Grain Size : Medium Grain:209.70 209.83

Colour- Colour 1 : Green:209.70 209.83

Page 4 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM136 Units: METRICPM-08-GProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

209.83 210.16 Lithology: Quartz Pebble Conglomerate 02724 209.83 210.16 0.33

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:209.83 210.16

Smokey with banding.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:209.83 210.16

210.16 210.30 Lithology: Pebble Quartz 02727 210.16 210.30 0.14

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:210.16 210.30

210.30 210.53 Lithology: Quartzite 02728 210.30 210.53 0.23

Texture- Grain Size : Medium Grain:210.30 210.53

Occasional dark stringer.

210.53 210.78 Lithology: Quartzite 02729 210.53 210.78 0.25

Texture- Grain Size : Medium Grain:210.53 210.78

Occasional quartz clast.

Colour- Colour 1 : Green:210.53 210.78

210.78 211.00 Lithology: Quartzite 02730 210.78 211.00 0.22Specific gravity taken on this sample.

211.00 211.23 Lithology: Quartzite 02731 211.00 211.23 0.23

Texture- Grain Size : Coarse:211.00 211.23

Page 5 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM136 Units: METRICPM-08-GProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

211.23 211.32 Lithology: Quartz Pebble Conglomerate 02732 211.23 211.32 0.09HW MCB

Horizon211.23 : Wall Type : Hanging Wall

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Well Packed:211.23 211.32

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:211.23 211.32

211.32 211.50 Lithology: Quartz Pebble Conglomerate 02733 211.32 211.50 0.18

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:211.32 211.50

Mineralization- Min Type : Pyrite:211.32 211.50

<1%

211.50 211.60 Lithology: Quartzite 02734 211.50 211.60 0.10

Texture- Grain Size : Medium Grain:211.50 211.60

Colour- Colour 1 : Green:211.50 211.60

211.60 211.70 Lithology: Quartz Pebble Conglomerate 02735 211.60 211.70 0.10

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Well Packed:211.60 211.70

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:211.60 211.70

Page 6 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM136 Units: METRICPM-08-GProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

211.70 211.82 Lithology: Pebble Quartz 02736 211.70 211.82 0.12

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:211.70 211.82

Occasional mafic clast. 5% pebble content.211.82 212.00 Lithology: Pebble Quartz 02737 211.82 212.00 0.18

As previous.212.00 212.20 Lithology: Quartz Pebble Conglomerate 02738 212.00 212.20 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed:212.00 212.20

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:212.00 212.20

212.20 212.39 Lithology: Quartz Pebble Conglomerate 02739 212.20 212.39 0.19

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:212.20 212.39

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:212.20 212.39

212.39 212.60 Lithology: Quartz Pebble Conglomerate 02740 212.39 212.60 0.2102741 212.39 212.60 0.21Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Packing : Well Packed

:212.39 212.60

white quartz pebbles and smokey grains.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:212.39 212.60

Page 7 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM136 Units: METRICPM-08-GProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

212.60 212.89 Lithology: Quartz Pebble Conglomerate 02742 212.60 212.89 0.29Specific gravity taken.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed:212.60 212.89

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:212.60 212.89

212.89 212.96 Lithology: Quartz Pebble Conglomerate 02743 212.89 212.96 0.07

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:212.89 212.96

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:212.89 212.96

212.96 213.00 Lithology: Quartzite 02744 212.96 213.00 0.04

Texture- Grain Size : Medium Grain:212.96 213.00

Colour- Colour 1 : Green:212.96 213.00

213.00 213.15 Lithology: Quartz Pebble Conglomerate 02745 213.00 213.15 0.15Economic FW

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:213.00 213.15

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Buckshot:213.00 213.15

Page 8 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM136 Units: METRICPM-08-GProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

213.15 213.33 Lithology: Quartzite 02746 213.15 213.33 0.18

Texture- Grain Size : Coarse:213.15 213.33

Colour- Colour 1 : Green Colour Tone 1 : Light:213.15 213.33

213.33 213.41 Lithology: Quartz Pebble Conglomerate 02747 213.33 213.41 0.08Stratigraphic FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:213.33 213.41

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:213.33 213.41

213.41 213.82 Lithology: Quartzite 02748 213.41 213.82 0.41

Horizon213.41 : Wall Type : Foot Wall

Texture- Texture Type : Massive Grain Size : Medium to

Course:213.41 213.82

Colour- Colour 1 : Green:213.41 213.82

213.82 214.22 Lithology: Quartzite 02749 213.82 214.22 0.40As previous.

214.22 223.25 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium to

Course:214.22 223.25

Occasional dark band 65deg to LCA.

Colour- Colour 1 : Green:214.22 223.25

Page 9 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM136 Units: METRICPM-08-GProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

223.25 223.87 Lithology: Quartzite

Texture- Grain Size : Medium Grain:223.25 223.87

Banded with occasional mafic flec.

Colour- Colour 1 : Green Colour 2 : Grey:223.25 223.87

223.87 225.25 Lithology: QuartziteDarker(impure) to bottom. Lower 20cm broken. No oxidation.Lower contact and unconformity obscurred.

Texture- Grain Size : Medium Grain:223.87 225.25

Occasional quartz clast.

Colour- Colour 1 : Grey:223.87 225.25

225.25 234.00 Lithology: Metamorphic VolcanicsMuch of core is broken. Massive basalt. Magnetic at bottom of section.Lacking hematite staining in this area. Odd sections of lighter shards of felsicvolcanics or tuffs.

Horizon225.25 : Wall Type : Unconformity

Unconformity.

Texture- Grain Size : Very Fine Grain:225.25 234.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:225.25 234.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY209.00 209.4102721209.41 209.7002722209.70 209.8302723209.83 210.1602724210.16 210.3002727

Page 10 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM136 Units: METRICPM-08-GProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY210.30 210.5302728210.53 210.7802729210.78 211.0002730211.00 211.2302731211.23 211.3202732211.32 211.5002733211.50 211.6002734211.60 211.7002735211.70 211.8202736211.82 212.0002737212.00 212.2002738212.20 212.3902739212.39 212.6002740212.60 212.8902742212.89 212.9602743212.96 213.0002744213.00 213.1502745213.15 213.3302746213.33 213.4102747213.41 213.8202748213.82 214.2202749

Sample Type DUP212.39 212.6002741

Sample Type Blank0275002725

Sample Type UTS-302726

Sample Type UTS-402751

- PELE MOUNTAIN RESOURCES

Page 1 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM135 Units: METRICPM08-FProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-53.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Aug 24, 2008Date Started:

Date Completed: Aug 26, 2008

Purpose: Infill

Joubin

Collar Az: 180.00

Length: 210.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138514.00

East: 384590.90

Elev: 368.40

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 3.50 Lithology: Casing20cm granite rubble, 60cm mafic boulder with coarse gritt/granular like sections.Fine pyrite.Sericitic, paleosoil like angular shards. 40cm grey quartzite.

3.50 4.90 Lithology: QuartziteOccasional shard and siltstone banding

Texture- Texture Type : Banding Grain Size : Fine Grain:3.50 4.90

Colour- Colour 1 : Grey Colour Mode 1 : Bleached:3.50 4.90

Structure:4.70 Structure Type : Joints

Crystalized

4.90 5.70 Lithology: GreywackeBreccia with large siltstone shards and gabbro like sections.

Texture- Texture Type : Flow Texture Grain Size : Coarse

Rounding : Angular Supported : Clast Supported:4.90 5.70

Pea-sized smokey clasts

Colour- Colour 1 : Grey:4.90 5.70

Page 2 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM135 Units: METRICPM08-FProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

5.70 100.30 Lithology: QuartziteStinson Member. Minor fine pyritic banding 18m to 48m. Not sampled.Severe fracturing to 21 m. Minor pyritic bands 87 to 90m - not sampled.

Texture- Texture Type : Bedding Grain Size : Medium Grain:5.70 100.30

Occasional gritt section of coarse quartzite.

Colour- Colour 1 : Grey:5.70 100.30

Alteration- Alt Type : Unknown Orange Alt Intensity : Strong

Alt Pct VE : Pervasive:49.00 81.00

Oxidation.

Structure:42.90 Thickness Along Core : 0.50 Structure Type : Breccia

Structure Fill Mat : QuartziteBleached.

:43.80 Thickness Along Core : 0.40 Structure Type : BrecciaStructure Fill Mat : Quartzite

:68.20 Thickness Along Core : 0.05 Structure Type : BrecciaSiltstone

:68.70 Thickness Along Core : 0.08 Structure Type : BrecciaSiltstone

:96.00 Structure Type : Fracturebroken and oxidized 96 to 100.3

Page 3 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM135 Units: METRICPM08-FProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

100.30 144.20 Lithology: QuartziteRyan Member. Occasional quartz clast and numerous narrow dark bands. Tracepyrite.Sharp contact with grey quartzite. Bedding at 75 deg to LCA. Good quality core.

Horizon100.30 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:100.30 144.20

Colour- Colour 1 : Green Colour Tone 1 : Medium:100.30 144.20

144.20 184.79 Lithology: QuartziteNumerous narrow dark stringers and bands, 1 to 5cm. 5 gritty sections up to10cm wide.147 to 159m.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:144.20 184.79

Bedding @ 80 to 85 deg to LCA

Colour- Colour 1 : Green Colour Tone 1 : Medium:144.20 184.79

184.79 185.07 Lithology: Pebble Quartz 02657 184.79 185.07 0.28

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:184.79 185.07

Dark banding.

Mineralization- Min Type : Pyrite:184.79 185.07

<1%

Page 4 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM135 Units: METRICPM08-FProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

185.07 185.30 Lithology: Pebble Quartz 02658 185.07 185.30 0.23

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:185.07 185.30

Mineralization- Min Type : Pyrite:185.07 185.30

<1%

185.30 185.52 Lithology: Quartzite 02659 185.30 185.52 0.22

Texture- Grain Size : Coarse:185.30 185.52

Specific Gravity taken.

Colour- Colour 1 : Green:185.30 185.52

185.52 185.66 Lithology: Quartz Pebble Conglomerate 02660 185.52 185.66 0.14Stratigraphic HW.

Horizon185.52 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Well Packed:185.52 185.66

sericitic matrix

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:185.52 185.66

185.66 185.91 Lithology: Pebble Quartz 02661 185.66 185.91 0.25

Texture- Texture Type : Pebble Grain Size : Coarse:185.66 185.91

Few dark mineralized bands. Occasional 1cm quartz clast.

Colour- Colour 1 : Green:185.66 185.91

Mineralization- Min Type : Pyrite:185.66 185.91

Fine pyrite.

Page 5 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM135 Units: METRICPM08-FProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

185.91 185.97 Lithology: Quartz Pebble Conglomerate 02662 185.91 185.97 0.06

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Well Packed:185.91 185.97

Green groundmass - sericitic.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:185.91 185.97

185.97 186.12 Lithology: Quartz Pebble Conglomerate 02663 185.97 186.12 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:185.97 186.12

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Disseminated:185.97 186.12

In bands

186.12 186.25 Lithology: Quartzite 02666 186.12 186.25 0.13

Texture- Grain Size : Medium to Course:186.12 186.25

Pebble and pyrite band at bottom.

Colour- Colour 1 : Green:186.12 186.25

186.25 186.45 Lithology: Quartzite 02667 186.25 186.45 0.20

Texture- Grain Size : Coarse:186.25 186.45

Occasional mafic clast.

Colour- Colour 1 : Green:186.25 186.45

Page 6 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM135 Units: METRICPM08-FProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

186.45 186.55 Lithology: Pebble Quartz 02668 186.45 186.55 0.10

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:186.45 186.55

Few smokey bands

Mineralization- Min Type : Pyrite:186.50 186.55

<1%

186.55 186.73 Lithology: Pebble Quartz 02669 186.55 186.73 0.18

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:186.55 186.73

186.73 187.00 Lithology: Pebble Quartz 02670 186.73 187.00 0.27

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:186.73 187.00

Smokey.187.00 187.28 Lithology: Quartz Pebble Conglomerate 02671 187.00 187.28 0.28

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:187.00 187.28

Smokey pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:187.00 187.28

187.28 187.50 Lithology: Quartzite 02672 187.28 187.50 0.22

Texture- Grain Size : Medium to Course:187.28 187.50

Colour- Colour 1 : Green:187.28 187.50

Mineralization- Min Type : Pyrite:187.28 187.50

<1%

Page 7 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM135 Units: METRICPM08-FProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

187.50 187.61 Lithology: Quartz Pebble Conglomerate 02673 187.50 187.61 0.11Economic HW

Horizon187.50 : Wall Type : Hanging Wall Wall Modifier : Economic

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:187.50 187.61

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Disseminated:187.50 187.61

Fine

187.61 187.85 Lithology: Quartz Pebble Conglomerate 02674 187.61 187.85 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:187.61 187.85

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:187.61 187.85

187.85 188.08 Lithology: Quartz Pebble Conglomerate 02675 187.85 188.08 0.2302676 187.85 188.08 0.23Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Angular Packing : WellPacked

:187.85 188.08

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:187.85 188.08

Page 8 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM135 Units: METRICPM08-FProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

188.08 188.35 Lithology: Quartz Pebble Conglomerate 02677 188.08 188.35 0.27

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed

:188.08 188.35

Few dark pyrite stringers.

Mineralization- Min Type : Pyrite:188.08 188.35

<1%

188.35 188.52 Lithology: Quartz Pebble Conglomerate 02678 188.35 188.52 0.17As 02677

188.52 188.68 Lithology: Quartz Pebble Conglomerate 02679 188.52 188.68 0.16

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:188.52 188.68

Few white quartz pebbles to 3cm.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Stringer:188.52 188.68

188.68 188.86 Lithology: Quartz Pebble Conglomerate 02680 188.68 188.86 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:188.68 188.86

Smokey quartz

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Detrital:188.68 188.86

Page 9 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM135 Units: METRICPM08-FProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

188.86 189.06 Lithology: Quartz Pebble Conglomerate 02681 188.86 189.06 0.20FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:188.86 189.06

Sharp, clean contact @ 85deg to LCA

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:188.86 189.06

189.06 189.67 Lithology: Quartzite 02682 189.06 189.67 0.61FW Quartzite.

Horizon189.06 : Wall Type : Foot Wall

FW MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:189.06 189.67

Colour- Colour 1 : Green:189.06 189.67

189.67 190.30 Lithology: Quartzite 02683 189.67 190.30 0.63As 02682

190.30 192.00 Lithology: Quartzite

Texture- Grain Size : Medium to Course:190.30 192.00

Occasional pea-sized quartz clast and dark band of smokey quartz.

Colour- Colour 1 : Green:190.30 192.00

Page 10 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM135 Units: METRICPM08-FProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

192.00 196.97 Lithology: QuartziteFine pyritic banding 195 to 196.80. One 3cm granitic clast in a 30cm wide PBQZsection.Unconformity sharp but irregular or ragged. Approximately 8cm section ofpea-sized pebbles abruptly cut offby unconformity.

Texture- Grain Size : Medium to Course:192.00 196.97

Occasional quartz clast. Fine pyritic banding.

Colour- Colour 1 : Green:192.00 196.97

196.97 210.00 Lithology: Metamorphic VolcanicsMassive basalt with minor flow banding. Occasional quartz/carbonate veinlets.

Horizon196.97 :

Unconformity - Basement.

Texture- Texture Type : Mottled Grain Size : Very Fine Grain:196.97 210.00

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:196.97 210.00

Alteration- Alt Type : Hematite Alt Intensity : Weak:196.97 210.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY184.79 185.0702657185.07 185.3002658185.30 185.5202659185.52 185.6602660185.66 185.9102661185.91 185.9702662185.97 186.1202663186.12 186.2502666186.25 186.4502667

Page 11 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM135 Units: METRICPM08-FProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY186.45 186.5502668186.55 186.7302669186.73 187.0002670187.00 187.2802671187.28 187.5002672187.50 187.6102673187.61 187.8502674187.85 188.0802675188.08 188.3502677188.35 188.5202678188.52 188.6802679188.68 188.8602680188.86 189.0602681189.06 189.6702682189.67 190.3002683

Sample Type DUP187.85 188.0802676

Sample Type Blank0268402664

Sample Type DL-1A0268502665

- PELE MOUNTAIN RESOURCES

Page 1 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM134 Units: METRICPM08-EaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-72.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Aug 22, 2008Date Started:

Date Completed: Aug 24, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 180.00

Length: 143.10

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138269.90

East: 384082.20

Elev: 380.90

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright & A. Maceachern

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 21.00 Lithology: CasingRetrieved 2.7m core. Granite rubble, 1.05m consolidated mud with gravelfragments, light buff colour0.4m diabase boulder at bottom.

21.00 38.85 Lithology: QuartziteStinson member

Texture- Grain Size : Fine to Medium Grain Supported :

Matrix Supported:21.00 38.85

Occasional

Colour- Colour 1 : Grey:21.00 26.90

- Colour 1 : Grey Colour Tone 1 : Dark:26.90 28.00

Alteration- Alt Type : Oxidation:26.90 28.00

- Alt Type : Oxidation Alt Intensity : Weak:37.00 38.00Bleached

Structure:26.90 Thickness Along Core : 1.10 Structure Type : Other

Blocky core

Page 2 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM134 Units: METRICPM08-EaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

38.85 113.00 Lithology: QuartziteRyan member. Good quality core. Numerous narrow dark stringers. Increasinggritt and floater reefs.Bedding 75deg to LCA.

Horizon38.85 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course Supported : Matrix Supported:38.85 113.00

Colour- Colour 1 : Green Colour Tone 1 : Medium:38.85 113.00

113.00 115.36 Lithology: Quartzite

Colour- Colour 1 : Green Colour Tone 1 : Light:113.00 115.36

115.36 125.15 Lithology: Quartzite 02584 115.36 115.49 0.1302585 115.49 115.74 0.2502586 115.74 115.94 0.2002587 115.94 116.11 0.1702588 116.11 116.20 0.0902589 120.62 120.75 0.1302590 121.74 121.90 0.1602591 123.10 123.35 0.2502592 123.35 125.15 1.80

Texture- Texture Type : Intercalated Grain Size : Medium to

Course Packing : Loosely Packed Supported :Matrix Supported

:115.36 125.15

Quartzite and pebbly quartz floater reefs.

Colour- Colour 1 : Green Colour Tone 1 : Medium:115.36 125.15

125.15 125.28 Lithology: Pebble Quartz 02593 125.15 125.28 0.130.03 PQ at top

Horizon125.15 : Wall Type : Hanging Wall

Page 3 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM134 Units: METRICPM08-EaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

125.28 125.39 Lithology: Conglomerate 02594 125.28 125.39 0.11

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:125.28 125.39

smokey

Mineralization- Min Type : Pyrite:125.28 125.39

125.39 125.91 Lithology: Quartzite 02595 125.39 125.91 0.52

125.91 126.04 Lithology: Conglomerate 02596 125.91 126.04 0.13

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:125.91 126.04

light smokey pebbles

Mineralization- Min Type : Pyrite Min Texture : Disseminated:125.91 126.04

very poor

126.04 126.18 Lithology: Conglomerate 02597 126.04 126.18 0.14As 02596

126.18 126.54 Lithology: Quartzite 02598 126.18 126.54 0.36odd small pebble

126.54 126.82 Lithology: Conglomerate 02599 126.54 126.82 0.28

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):126.54 126.82

Mineralization- Min Type : Pyrite Min Texture : Disseminated:126.54 126.82

not good

126.82 126.90 Lithology: Quartzite 02600 126.82 126.90 0.08

126.90 127.03 Lithology: Pebble Quartz 02601 126.90 127.03 0.1350% conglomerate as 02599

127.03 127.17 Lithology: Conglomerate 02602 127.03 127.17 0.14

Mineralization- Min Type : Pyrite Min Texture : Detrital:127.03 127.17

better

127.17 127.37 Lithology: Conglomerate 02603 127.17 127.37 0.20as 02602

Page 4 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM134 Units: METRICPM08-EaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

127.37 127.60 Lithology: Conglomerate 02604 127.37 127.60 0.2302612 127.37 127.60 0.23as 02602

Mineralization- Min Type : Pyrite Min Texture : Detrital:127.37 127.60

good

127.60 127.70 Lithology: Pebble Quartz 02605 127.60 127.70 0.10no pyrite

127.70 127.88 Lithology: Conglomerate 02606 127.70 127.88 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed Supported : ClastSupported

:127.70 127.88

Mineralization- Min Type : Pyrite Min Texture : Detrital:127.70 127.88

fair

127.88 128.63 Lithology: Quartzite 02607 127.88 128.13 0.2502608 128.13 128.63 0.50one pyrite stringer and very poor pebble band

Horizon127.88 : Wall Type : Foot Wall

128.63 128.71 Lithology: Conglomerate 02609 128.63 128.71 0.08

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm):128.63 128.71

light smokey

Mineralization- Min Type : Pyrite Min Texture : Buckshot:128.63 128.71

cubic to 0.04cm

128.71 129.22 Lithology: Quartzite 02613 128.71 129.22 0.51

Texture- Texture Type : Massive Grain Size : Medium to

Course:128.71 129.22

Page 5 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM134 Units: METRICPM08-EaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

129.22 133.08 Lithology: QuartziteArkosic. Unconformity is obscurred

Texture- Grain Size : Medium to Course:129.22 133.08

Darker groundmass, smokey quartz grains. White phenocrysts

Colour- Colour 1 : Green Colour Tone 1 : Dark:129.22 133.08

133.08 143.10 Lithology: Metamorphic VolcanicsOccasional quartz/carbonate veinlets.

Horizon133.08 :

Unconformity

Texture- Texture Type : Banding Grain Size : Very Fine Grain:133.08 143.10

Colour- Colour 1 : Grey Colour Mode 1 : Banded Colour

Tone 1 : Dark Colour 2 : Black:133.08 143.10

Alteration- Alt Type : Hematite Alt Intensity : Weak Alt Pct

VE : Banded:133.08 135.00

Structure:133.08 Angle : 20.000 Thickness Along Core : 0.20 Structure

Type : Unconformity Structure Fill Mat : VeinQuartz/carbonate

:134.00 Thickness Along Core : 0.20 Structure Type : VuggyStructure Fill Mat : Breccia

Quartz crystals in open vug. Approximately 20cm fault breccia.

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY115.36 115.4902584115.49 115.7402585115.74 115.9402586115.94 116.1102587116.11 116.2002588

Page 6 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM134 Units: METRICPM08-EaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY120.62 120.7502589121.74 121.9002590123.10 123.3502591123.35 125.1502592125.15 125.2802593125.28 125.3902594125.39 125.9102595125.91 126.0402596126.04 126.1802597126.18 126.5402598126.54 126.8202599126.82 126.9002600126.90 127.0302601127.03 127.1702602127.17 127.3702603127.37 127.6002604127.60 127.7002605127.70 127.8802606127.88 128.1302607128.13 128.6302608128.63 128.7102609128.71 129.2202613

Sample Type DUP127.37 127.6002612

Sample Type Blank02610

Sample Type UTS-302611

- PELE MOUNTAIN RESOURCES

Page 1 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM133 Units: METRICPM-08-NProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-73.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Aug 21, 2008Date Started:

Date Completed: Aug 23, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 243.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138604.00

East: 384339.00

Elev: 354.10

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright & A. Maceachern

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.00 Lithology: CasingQuartzite rubble.

1.00 6.80 Lithology: ArgilliteOccasional weak greywacke section.

Texture- Texture Type : Bedding Grain Size : Fine to Medium

Grain:1.00 6.80

Some fine bedding features.

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:1.00 6.80

6.80 45.00 Lithology: ArgilliteGood quality core. Occasional fracture-joint with rust staining.Random orientation to fractures. The lower few meters are blocky.

Texture- Texture Type : Bedding Grain Size : Fine Grain:6.80 45.00

Colour- Colour 1 : Grey Colour Tone 1 : Dark:6.80 45.00

Structure:6.80 Thickness Along Core : 0.20 Structure Type : Faults

granite-diabase rubble. 20 cm drop reported by drillers.

Page 2 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM133 Units: METRICPM-08-NProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

45.00 45.80 Lithology: Silt StoneCore broken around quartzite contact.

Horizon45.00 : Wall Type : Hanging Wall

Stinson

Texture- Grain Size : Fine Grain:45.00 45.80

gradational argillite to quartzite.

Colour- Colour 1 : Grey Colour Tone 1 : Light Colour 2 :

Buff Brown Colour Tone 2 : Light:45.00 45.80

45.80 96.75 Lithology: QuartziteStinson Member.

Texture- Texture Type : Massive Grain Size : Medium Grain:45.80 96.75

Occasional white and mafic quartz clast - pea-size.

Colour- Colour 1 : Grey Colour Tone 1 : Medium:45.80 96.75

Alteration- Alt Type : K-Feldspar Alt Pct VE : 60 Alt Intensity

: Pervasive Alt Pct VE : Pervasive:80.60 96.75

Structure:94.17 Angle : 55.000 Thickness Along Core : 0.02 Structure

Type : Gouge Structure Fill Mat : Mud

96.75 102.00 Lithology: QuartziteFault zone. Drillers tag at 99m is 98.1m measured. At 102m , measured its102.1m.

Texture- :96.75 102.00

Broken, crushed core. Major fault.

Alteration- Alt Type : Unknown Pink Alt Pct VE : 100 Alt

Intensity : Strong:96.75 102.00

Orange - pink alteration.

Page 3 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM133 Units: METRICPM-08-NProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

102.00 145.95 Lithology: Quartzite113 to 124.86m is good quality core. Occasional bull quartz vein.Couple sections of fine pyritic banding. Weak radioactivity. 350cps.Poorly developed. Occasional siltstone bed 75deg to LCA.Gradational into Ryan member.

Texture- Texture Type : Banding Grain Size : Fine to Medium

Grain:102.00 145.95

Poorly sorted conglomerate 123m-124.86m. 5-10% white pebbles to 2cm.

Colour- Colour 1 : Grey:102.00 145.95

Alteration- Alt Type : Unknown Pink Alt Intensity : Medium

Alt Pct VE : Banded:102.00 113.00

Structure:102.00 Thickness Along Core : 0.30 Structure Type : Mudseam

Structure Fill Mat : Brecciatiny mafic clasts imbedded int grey to black mud.

:104.50 Angle : 40.000 Thickness Along Core : 0.10 StructureType : Gouge Structure Fill Mat : Breccia

Broken, pink alteration.145.95 218.35 Lithology: Quartzite

Occasional pea-sized quartz clast and narrow dark mineralized bands.75 to 80 deg to LCA. Good quality core.

Horizon145.95 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:145.95 218.35

5-10cm bands of PBQZ occasionaly. Weakly radioactive.

Colour- Colour 1 : Green Colour Tone 1 : Medium:145.95 218.35

Structure:182.00 Angle : 10.000 Structure Type : Fracture

Broken but not major. Dark staining on surface.

Page 4 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM133 Units: METRICPM-08-NProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

218.35 219.77 Lithology: OtherBull quartz with pyrite, chlorite, biotite stringers.This is quartz sill at 75 to 80 deg to LCA.

Colour- Colour 1 : Green Colour Tone 1 : Light:218.35 219.77

219.77 224.55 Lithology: Quartzite

Texture- Grain Size : Medium to Course:219.77 224.55

224.55 224.65 Lithology: Quartz Pebble Conglomerate 02554 224.55 224.65 0.10

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:224.55 224.65

Smokey

Mineralization- Min Type : Pyrite:224.55 224.65

224.65 224.80 Lithology: Quartzite 02555 224.65 224.80 0.15

224.80 224.93 Lithology: Quartz Pebble Conglomerate 02556 224.80 224.93 0.13Stratigraphic HW

Horizon224.80 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

Texture- Texture Type : Pebble Packing : Loosely Packed:224.80 224.93

224.93 225.00 Lithology: Quartzite 02557 224.93 225.00 0.07

225.00 225.24 Lithology: Quartzite 02558 225.00 225.24 0.24

Texture- Grain Size : Medium to Course:225.00 225.24

Occasioanl pebble - poor.

225.24 225.67 Lithology: Quartzite 02559 225.24 225.67 0.43

Texture- Grain Size : Medium to Course:225.24 225.67

One poor pebble band.

Page 5 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM133 Units: METRICPM-08-NProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

225.67 225.91 Lithology: Quartzite 02560 225.67 225.91 0.24

Texture- Grain Size : Medium to Course:225.67 225.91

Few pebbles.

225.91 226.01 Lithology: Quartzite 02561 225.91 226.01 0.10

226.01 226.19 Lithology: Quartz Pebble Conglomerate 02562 226.01 226.19 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:226.01 226.19

Mineralization- Min Type : Pyrite:226.01 226.19

Fair

226.19 226.49 Lithology: Quartzite 02563 226.19 226.49 0.30

Texture- Grain Size : Medium to Course:226.19 226.49

Few pebbles.

Mineralization- Min Type : Pyrite:226.19 226.49

poor

226.49 226.73 Lithology: Quartz Pebble Conglomerate 02564 226.49 226.73 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:226.49 226.73

Mineralization- Min Type : Pyrite:226.49 226.73

Good

226.73 226.94 Lithology: Quartz Pebble Conglomerate 02565 226.73 226.94 0.2102581 226.73 226.94 0.21Specific Gravity taken.

Texture- Grain Size : Pebble Size (1-3cm) Packing : Well

Packed:226.73 226.94

226.94 227.04 Lithology: Quartzite 02566 226.94 227.04 0.10

Page 6 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM133 Units: METRICPM-08-NProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

227.04 227.22 Lithology: Quartz Pebble Conglomerate 02567 227.04 227.22 0.18

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:227.04 227.22

Turning dark with basement re-worked.227.22 227.42 Lithology: Quartz Pebble Conglomerate 02568 227.22 227.42 0.20

Texture- Texture Type : Pebble:227.22 227.42

contaminated.

Mineralization- Min Type : Pyrite:227.22 227.42

very good

227.42 227.67 Lithology: Quartzite 02569 227.42 227.67 0.25

Texture- Texture Type : Pebble Grain Size : Medium to

Course:227.42 227.67

one narrow conglomerate band.227.67 227.94 Lithology: Quartz Pebble Conglomerate 02570 227.67 227.94 0.27

FW MCB. Drillers tag at 228m

Texture- Texture Type : Pebble:227.67 227.94

Contaminated

Mineralization- Min Type : Pyrite:227.67 227.94

Fair

227.94 228.44 Lithology: Quartzite 02571 227.94 228.44 0.50

Horizon227.94 : Wall Type : Foot Wall

Colour- Colour 1 : Grey Colour Tone 1 : Dark:227.94 228.44

Page 7 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM133 Units: METRICPM-08-NProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

228.44 228.74 Lithology: Quartzite 02572 228.44 228.74 0.30

Texture- Grain Size : Coarse:228.44 228.74

Colour- Colour 1 : Grey:228.44 228.74

228.74 228.98 Lithology: Quartzite 02573 228.74 228.98 0.24

Texture- Grain Size : Medium to Course:228.74 228.98

Numerous light grey quartz grains.

228.98 229.26 Lithology: Quartzite 02574 228.98 229.26 0.28

229.26 230.23 Lithology: Quartzite 02575 229.26 230.23 0.97

Texture- Texture Type : Banding:229.26 230.23

230.23 231.25 Lithology: Quartzite 02576 230.23 231.25 1.02

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Green:230.23 231.25

231.25 231.57 Lithology: Quartzite 02577 231.25 231.57 0.32

Texture- Grain Size : Fine Grain:231.25 231.57

Colour- Colour 1 : Grey Colour Tone 1 : Dark:231.25 231.57

231.57 232.38 Lithology: Quartzite 02578 231.57 232.38 0.81

Page 8 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM133 Units: METRICPM-08-NProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

232.38 233.04 Lithology: Quartzite 02579 232.38 233.04 0.66

Texture- :232.38 233.04

Colour- Colour 1 : Grey Colour Tone 1 : Dark:232.38 233.04

Mineralization- Min Type : Pyrite:232.38 233.04

fine

233.04 233.84 Lithology: Quartzite 02580 233.04 233.84 0.80

Texture- :233.04 233.84

as previous

233.84 243.00 Lithology: Metamorphic Volcanics

Horizon233.84 :

Unconformity.

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY224.55 224.6502554224.65 224.8002555224.80 224.9302556224.93 225.0002557225.00 225.2402558225.24 225.6702559225.67 225.9102560225.91 226.0102561226.01 226.1902562226.19 226.4902563226.49 226.7302564226.73 226.9402565226.94 227.0402566227.04 227.2202567227.22 227.4202568227.42 227.6702569227.67 227.9402570227.94 228.4402571

Page 9 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM133 Units: METRICPM-08-NProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY228.44 228.7402572228.74 228.9802573228.98 229.2602574229.26 230.2302575230.23 231.2502576231.25 231.5702577231.57 232.3802578232.38 233.0402579233.04 233.8402580

Sample Type DUP226.73 226.9402581

Sample Type Blank02582

Sample Type UTS-402583

- PELE MOUNTAIN RESOURCES

Page 1 of 5Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM132 Units: METRICPM-08-AProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-80.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Aug 20, 2008Date Started:

Date Completed: Aug 21, 2008

Purpose: Infill

4218566

Joubin

Collar Az: 360.00

Length: 97.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138093.30

East: 384712.20

Elev: 411.40

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright & . Maceachern

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 7.20 Lithology: Quartzite

Texture- :5.52 5.69

Bedding @ 85deg to LCA - broken core at bottom

Colour- Colour 1 : Green Colour Tone 1 : Light:0 5.52

- Colour 1 : Black:5.52 5.69

- Colour 1 : Green Colour Tone 1 : Light:5.69 6.88pinkish green

- Colour 1 : Black:6.88 7.20

Alteration- :5.52 5.69

Quartzite black with small white quartz inclusions at top contact.

- Alt Type : Unknown Pink:6.88 7.20Quartzite black with pink quartzite inclusions.

Structure:6.88 Angle : 25.000 Structure Type : Joints

7.20 53.30 Lithology: Diabase DykeOnly 0.32 m broken and muddy core to 10m. At 7.2m tagged as fault - lost 2.5mcore.Last 1m of core badly broken. Contact @ 30deg ?

Page 2 of 5Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM132 Units: METRICPM-08-AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

53.30 58.05 Lithology: Quartzite

Alteration- Alt Type : Unknown Pink:53.30 56.62

pink quartz veining

- Alt Type : Sericite:56.62 58.05light green

58.05 58.15 Lithology: Quartz Pebble Conglomerate 2499 58.05 58.15 0.10Stratigraphic HW MCB

Horizon58.05 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):58.05 58.15

Mineralization- Min Type : Pyrite:58.05 58.15

poor

Alteration- Alt Type : Chlorite Alt Intensity : Medium Alt Pct

VE : Banded:58.05 58.15

wavy58.15 58.40 Lithology: Quartzite 2500 58.15 58.40 0.25

Bedding now at 30deg to LCA ?

Colour- Colour 1 : Green Colour Tone 1 : Light:58.15 58.40

58.40 58.48 Lithology: Quartz Pebble Conglomerate 2501 58.40 58.48 0.08

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:58.40 58.48

Mineralization- Min Type : Pyrite:58.40 58.48

poor

58.48 58.57 Lithology: Quartzite 2502 58.48 58.57 0.09

58.57 58.64 Lithology: Quartz Pebble Conglomerate 2503 58.57 58.64 0.07As 2501

Page 3 of 5Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM132 Units: METRICPM-08-AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

58.64 59.33 Lithology: Quartzite 2504 58.64 59.33 0.69one 0.02m contaminated QPC band in middle.

59.33 59.62 Lithology: Quartzite 2505 59.33 59.62 0.29Total 0.11m conglomerate in two bands

59.62 60.02 Lithology: Quartzite 2506 59.62 60.03 0.410.05m QPC in two bands

60.02 60.18 Lithology: Quartz Pebble Conglomerate 2507 60.03 60.18 0.152522 60.03 60.18 0.15Horizon

60.02 : Wall Type : Hanging Wall Wall Modifier : EconomicMCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Pebble Description : Smokey:60.02 60.18

Mineralization- Min Type : Pyrite:60.02 60.18

fair

60.18 60.38 Lithology: Quartz Pebble Conglomerate 2508 60.18 60.38 0.20not as good

60.38 60.64 Lithology: Quartz Pebble Conglomerate 2509 60.38 60.64 0.26As 2507

60.64 60.88 Lithology: Quartz Pebble Conglomerate 2510 60.64 60.88 0.24

Mineralization- Min Type : Pyrite:60.64 60.88

good

60.88 61.05 Lithology: Quartz Pebble Conglomerate 2511 60.88 61.05 0.17Best QPC

61.05 61.29 Lithology: Quartzite 2512 61.05 61.29 0.24

61.29 61.54 Lithology: Quartz Pebble Conglomerate 2513 61.29 61.54 0.25Good - becomes contaminated - black, chloritic

61.54 61.68 Lithology: Quartzite 2514 61.54 61.68 0.14Very slight contamination.

61.68 61.88 Lithology: Quartz Pebble Conglomerate 2515 61.68 61.88 0.20

Mineralization- Min Type : Pyrite:61.68 61.88

very good

61.88 62.01 Lithology: Pebble Quartz 2516 61.88 62.01 0.13Not as good as previous

Page 4 of 5Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM132 Units: METRICPM-08-AProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

62.01 62.21 Lithology: Quartz Pebble Conglomerate 2517 62.01 62.21 0.20As 2515

62.21 62.41 Lithology: Pebble Quartz 2518 62.21 62.41 0.20

Mineralization- Min Type : Pyrite Min Texture : Banding:62.21 62.41

good

62.41 62.57 Lithology: Quartz Pebble Conglomerate 2519 62.41 62.57 0.16Heavy chlorite contamination.

62.57 62.77 Lithology: Quartz Pebble Conglomerate 2520 62.57 62.77 0.20Complete chlorite contamination - black with pyrite.

62.77 62.93 Lithology: Quartz Pebble Conglomerate 2521 62.77 62.93 0.16FW MCB - as 2519

62.93 64.00 Lithology: Quartzite 2525 62.93 64.00 1.07FW quartzite.

Horizon62.93 : Wall Type : Foot Wall

MCB

64.00 74.00 Lithology: QuartziteLight green the pink. Badly broken from 73-74. Faulted at unconformity.

74.00 97.00 Lithology: Metamorphic VolcanicsBasement volcanics.

Horizon74.00 : Wall Type : Unconformity

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY58.05 58.15249958.15 58.40250058.40 58.48250158.48 58.57250258.57 58.64250358.64 59.33250459.33 59.62250559.62 60.03250660.03 60.18250760.18 60.38250860.38 60.64250960.64 60.882510

Page 5 of 5Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM132 Units: METRICPM-08-AProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY60.88 61.05251161.05 61.29251261.29 61.54251361.54 61.68251461.68 61.88251561.88 62.01251662.01 62.21251762.21 62.41251862.41 62.57251962.57 62.77252062.77 62.93252162.93 64.002525

Sample Type DUP60.03 60.182522

Sample Type Blank2523

Sample Type UTS-42524

- PELE MOUNTAIN RESOURCES

Page 1 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM131 Units: METRICPM-08-BProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-75.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Aug 15, 2008Date Started:

Date Completed: Aug 17, 2008

Purpose: Infill

4218566

Joubin

Collar Az: 180.00

Length: 121.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138253.20

East: 384712.70

Elev: 396.40

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Namaceachern

Comments: Logged by A. Maceachern & entered into DH Logger by P. Enright on Dec. 5, 2008

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 75.45 Lithology: QuartziteGood quality core.

Colour- Colour 1 : Green Colour Tone 1 : Light:0 75.45

pale green.

75.45 77.50 Lithology: Fault 2482 75.45 77.50 2.05HW/FW contacts at bedding 85deg to LCA. Black to 76.4, then medium buff tolight rusty colour.2/3rd cored quite well with the rest drilling induced broken and crumbly. Sampleis randomlyselected.

77.50 94.15 Lithology: QuartziteLight green with occasional dark stringer. Fairly good core.

94.15 94.64 Lithology: Lamprophyre30deg to LCA. Quartzite turns from green to pinkish grey.

94.64 97.73 Lithology: QuartzitePinkish core broken along joints @ 20-40deg to LCA. Core below much morebroken.Suspect much is drillig induced combined with jointing. MCB is very poor except2491 & 2492.Overall pink colour and lacking usual PQ bands above the FW conglomerate.

Page 2 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM131 Units: METRICPM-08-BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

97.73 97.97 Lithology: Quartzite 2483 97.73 97.97 0.24Stratigraphic HW MCB

Horizon97.73 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

Texture- Grain Size : Fine to Medium Grain:97.73 97.97

0.03m band with pea-sized pebbles.

Mineralization- Min Type : Pyrite:97.73 97.97

fine pyrite.

97.97 98.61 Lithology: Quartzite 2484 97.97 98.61 0.64Pink groundmass. 50% broken in small pieces. Poor pebbles.

98.61 99.16 Lithology: Quartzite 2485 98.61 99.16 0.55Pinkish/green broken core@ 20 to 60deg. First 0.16m with scattered pebbles.

99.16 99.39 Lithology: Pebble Quartz 2486 99.16 99.39 0.23Economic HW MCB

Horizon99.16 : Wall Type : Hanging Wall Wall Modifier : Economic

Texture- Texture Type : Banding Grain Size : Pea Size

(<1cm) Pebble Description : Smokey:99.16 99.39

Mineralization- Min Type : Pyrite:99.16 99.39

faint

99.39 99.53 Lithology: Quartzite 2487 99.39 99.53 0.14Green and pink.

99.53 99.71 Lithology: Quartz Pebble Conglomerate 2488 99.53 99.71 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed PebbleDescription : Smokey

:99.53 99.71

Indistinct pebbles in gritty texture.99.71 99.86 Lithology: Quartz Pebble Conglomerate 2489 99.71 99.86 0.15

As 2488 but more pinkish.99.86 100.03 Lithology: Quartz Pebble Conglomerate 2490 99.86 100.03 0.17

More greenish.

Page 3 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM131 Units: METRICPM-08-BProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

100.03 100.25 Lithology: Quartz Pebble Conglomerate 2491 100.03 100.25 0.22Normal conglomerate with very good pyrite.

100.25 100.40 Lithology: Quartz Pebble Conglomerate 2492 100.25 100.40 0.152496 100.25 100.40 0.15As 2491

100.40 100.77 Lithology: Quartzite 2493 100.40 100.77 0.37Pinkish green.

100.77 100.95 Lithology: Pebble Quartz 2494 100.77 100.95 0.18Very poor conglomerate.

100.95 101.19 Lithology: Pebble Quartz 2495 100.95 101.19 0.24Very poor. Probabley FW MCB.

101.19 112.00 Lithology: QuartziteMostly light grey with 0.20m core lost just below 112m labeled fault.

Horizon101.19 : Wall Type : Foot Wall

112.00 121.00 Lithology: Metamorphic Volcanics

Horizon112.00 : Wall Type : Unconformity

Texture- Grain Size : Very Fine Grain:112.00 121.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:112.00 121.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY75.45 77.50248297.73 97.97248397.97 98.61248498.61 99.16248599.16 99.39248699.39 99.53248799.53 99.71248899.71 99.86248999.86 100.032490

100.03 100.252491

Page 4 of 4Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM131 Units: METRICPM-08-BProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY100.25 100.402492100.40 100.772493100.77 100.952494100.95 101.192495

Sample Type DUP100.25 100.402496

Sample Type Blank2498

Sample Type UTS-42497

- PELE MOUNTAIN RESOURCES

Page 1 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM130 Units: METRICPM-08-EProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-65.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Aug 15, 2008Date Started:

Date Completed: Aug 16, 2008

Purpose: Infill

4218566

Joubin

Collar Az: 180.00

Length: 109.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138216.20

East: 384590.40

Elev: 403.30

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Namaceachern

Comments: Logged by A. Maceachern

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 28.33 Lithology: Quartzite

Texture- Grain Size : Medium to Course:0 28.33

Colour- Colour 1 : Green Colour Tone 1 : Light:0 28.33

28.33 29.13 Lithology: DykeContacts @ 25deg to LCA. HW and FW have 0.01m of mud.

29.13 74.44 Lithology: QuartziteGenerally good core with a few joints @ 25deg to LCA.Few floater beds forming below 73m

Structure:67.00 Angle : 5.000 Structure Type : Joints

Broken core along joint.

Page 2 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM130 Units: METRICPM-08-EProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

74.44 88.03 Lithology: Quartzite 2439 74.44 74.64 0.202440 74.64 74.84 0.202441 74.84 75.31 0.472442 75.31 75.43 0.122443 75.43 78.13 2.702444 78.13 78.53 0.402445 78.53 79.57 1.042446 79.57 80.15 0.582447 80.15 80.46 0.312448 80.46 80.92 0.462449 80.92 83.40 2.482450 83.40 84.25 0.852451 84.25 84.55 0.302452 84.55 84.85 0.302453 84.85 85.24 0.392454 85.24 85.41 0.172455 85.41 85.78 0.372456 85.78 85.88 0.102457 85.88 86.28 0.402458 86.28 86.39 0.112459 86.39 88.03 1.64

Occasional quartz clast and floater bed - PBQZ. Very little fine pyrite.Well sampled.

88.03 88.11 Lithology: Pebble Quartz 2460 88.03 88.11 0.08HW MCB. One heavy, fine grain pyrite band.

Horizon88.03 : Wall Type : Hanging Wall

HW MCB

88.11 88.28 Lithology: Quartzite 2461 88.11 88.28 0.17

Texture- Grain Size : Fine to Medium Grain:88.11 88.28

88.28 88.41 Lithology: Quartz Pebble Conglomerate 2462 88.28 88.41 0.13

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Pebble Description : Smokey:88.28 88.41

Mineralization- Min Type : Pyrite:88.28 88.41

poor

88.41 88.64 Lithology: Quartzite 2463 88.41 88.64 0.23

88.64 88.86 Lithology: Quartzite 2464 88.64 88.86 0.22

Page 3 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM130 Units: METRICPM-08-EProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

88.86 89.00 Lithology: Quartz Pebble Conglomerate 2465 88.86 89.00 0.14

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Pebble Description : Smokey:88.86 89.00

Mineralization- Min Type : Pyrite:88.86 89.00

poor

89.00 89.12 Lithology: Quartzite 2466 89.00 89.12 0.12

89.12 89.24 Lithology: Quartz Pebble Conglomerate 2467 89.12 89.24 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Pebble Description : Smokey:89.12 89.24

Mineralization- Min Type : Pyrite Min Texture : Disseminated:89.12 89.24

very good

89.24 89.38 Lithology: Quartz Pebble Conglomerate 2468 89.24 89.38 0.14As 2467

89.38 89.54 Lithology: Quartz Pebble Conglomerate 2469 89.38 89.54 0.16As previous.

89.54 89.72 Lithology: Quartzite 2470 89.54 89.72 0.18

89.72 89.92 Lithology: Quartz Pebble Conglomerate 2471 89.72 89.92 0.20Not as good pyrite as 2467.

89.92 90.05 Lithology: Quartz Pebble Conglomerate 2472 89.92 90.05 0.13

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm):89.92 90.05

Mineralization- Min Type : Pyrite:89.92 90.05

fair

90.05 90.17 Lithology: Quartz Pebble Conglomerate 2473 90.05 90.17 0.12As 2473 - better pyrite.

90.17 90.30 Lithology: Quartz Pebble Conglomerate 2474 90.17 90.30 0.132480 90.17 90.30 0.13As previous - good coarse pyrite.

90.30 90.36 Lithology: Quartzite 2475 90.30 90.36 0.06

Page 4 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM130 Units: METRICPM-08-EProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

90.36 90.48 Lithology: Quartz Pebble Conglomerate 2476 90.36 90.48 0.12

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):90.36 90.48

90.48 90.62 Lithology: Quartzite 2477 90.48 90.62 0.14

90.62 90.81 Lithology: Quartz Pebble Conglomerate 2478 90.62 90.81 0.19FW MCB.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Pebble Description : Smokey:90.62 90.81

Mineralization- Min Type : Pyrite:90.62 90.81

poor

90.81 91.05 Lithology: Quartzite 2479 90.81 91.05 0.24

Horizon90.81 : Wall Type : Foot Wall

FW MCB

Texture- Grain Size : Fine to Medium Grain:90.81 91.05

Few dark bands.

91.05 102.00 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium Grain:91.05 102.00

Colour- Colour 1 : Green:91.05 102.00

102.00 103.00 Lithology: Paleosoil

Texture- Grain Size : Fine Grain:102.00 103.00

sericitic sediment.

Colour- Colour 1 : Green Colour Tone 1 : Light:102.00 103.00

Page 5 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM130 Units: METRICPM-08-EProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

103.00 109.00 Lithology: Metamorphic VolcanicsBasalt.

Horizon103.00 : Wall Type : Unconformity

Texture- Grain Size : Very Fine Grain:103.00 109.00

Colour- Colour 1 : Black:103.00 109.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY74.44 74.64243974.64 74.84244074.84 75.31244175.31 75.43244275.43 78.13244378.13 78.53244478.53 79.57244579.57 80.15244680.15 80.46244780.46 80.92244880.92 83.40244983.40 84.25245084.25 84.55245184.55 84.85245284.85 85.24245385.24 85.41245485.41 85.78245585.78 85.88245685.88 86.28245786.28 86.39245886.39 88.03245988.03 88.11246088.11 88.28246188.28 88.41246288.41 88.64246388.64 88.86246488.86 89.002465

Page 6 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM130 Units: METRICPM-08-EProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY89.00 89.12246689.12 89.24246789.24 89.38246889.38 89.54246989.54 89.72247089.72 89.92247189.92 90.05247290.05 90.17247390.17 90.30247490.30 90.36247590.36 90.48247690.48 90.62247790.62 90.81247890.81 91.052479

Sample Type DUP90.17 90.302480

Sample Type UTS-32481

- PELE MOUNTAIN RESOURCES

Page 1 of 2Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM129 Units: METRICPM-08-HProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-75.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Aug 10, 2008Date Started:

Date Completed: Aug 11, 2008

Purpose: Infill

4218566

Joubin

Collar Az: 180.00

Length: 85.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138108.90

East: 384461.70

Elev: 404.60

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.00 Lithology: CasingBedrock. Medium to coarse grain, arkosic quartzite.

Colour- Colour 1 : Grey Colour Tone 1 : Light Colour 2 :

Black:0 5.00

1.00 46.50 Lithology: QuartziteBedding at 80 deg to LCA.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:1.00 46.50

Occasional white quartz clast and smokey dark band with trace pyrite.

Alteration- Alt Type : Unknown Pink Alt Intensity : Weak:15.30 15.80

k-feldspar grains

- Alt Type : Unknown Pink Alt Intensity : Weak:35.00 46.00

Structure:21.20 Angle : 15.000 Structure Type : Fracture

rusty

:26.00 Angle : 10.000 Structure Type : Fracturebroken core

Page 2 of 2Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM129 Units: METRICPM-08-HProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

46.50 63.60 Lithology: QuartziteHighly altered. Pink and grey. Pebbles and grains are white. Dirty greygroundmass with black chloritic contamination.Occasional pyrite in floater beds of PBQZ. Some micro-fracturing and quartzveinlets. Minor displacementof some veins.59.3 to 62.3 - Weak QPC with white quartz pebbles or plagioclase. Faintdisseminated pyrite.Weakly radioactive zone (just above background). Possibly remnants of MCB.

63.60 73.30 Lithology: QuartziteFW quartzite - altered to diryt grey with pink alteration. Chloritic contaminationfrom basement.Medium to coarse grain sediments.

73.30 85.00 Lithology: Metamorphic Volcanics2m of broken shear zone below unconformity. Very magnetic from 80 to 85m -magnetite.

Horizon73.30 : Wall Type : Unconformity

Texture- Grain Size : Very Fine Grain:73.30 85.00

Soft and chloritic.

Page 1 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM128 Units: METRICPM-08-IProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-70.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Aug 08, 2008Date Started:

Date Completed: Aug 10, 2008

Purpose: Infill

4218566

Joubin

Collar Az: 180.00

Length: 157.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138383.60

East: 384486.00

Elev: 374.10

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 21.50 Lithology: Casing0.5m granite rubble. Quartzite cobbles and boulders. Mafic boulders 10 to 15cm.

21.50 46.50 Lithology: QuartziteStinson Member. Occasional pyrite band of faint disseminated pyrite. Somesections of core finely layeredor laminated. Bedding 80 to 85deg to LCA. Good core approaching the Ryanmember.

Texture- Texture Type : Laminated Grain Size : Medium Grain:21.50 46.50

37 to 46.5 - grey to white with occasional white quartz clast.

Colour- Colour 1 : Grey:21.50 46.50

Alteration- Alt Type : Oxidation:25.00 35.50

Structure:25.00 Angle : 5.000 Thickness Along Core : 10.00 Structure

Type : FractureMuch of core broken.

:38.70 Angle : 20.000 Thickness Along Core : 1.60 StructureType : Fracture

Rusty

Page 2 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM128 Units: METRICPM-08-IProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

46.50 134.84 Lithology: QuartziteRyan Member. Typical green, arkosic quartzite. Occasional quartz clast and narrowdark mineralized band of smokey quartz grains and trace pyrite. Good qualitycore.Bedding 80deg to LCA. Occasional 5 cm floater bed approaching the MCB.

Horizon46.50 :

Ryan member

Texture- Texture Type : Bedding Grain Size : Medium to

Course:46.50 134.84

Colour- Colour 1 : Green Colour Tone 1 : Medium:46.50 134.84

Structure:106.70 Angle : 10.000 Structure Type : Fracture

rusty

:118.00 Angle : 10.000 Structure Type : Fractureclean

134.84 135.28 Lithology: Quartzite 2414 134.84 135.28 0.44

Texture- Grain Size : Coarse:134.84 135.28

Occasional quartz clast.

Colour- Colour 1 : Green:134.84 135.28

135.28 135.43 Lithology: Pebble Quartz 2415 135.28 135.43 0.15

Texture- Texture Type : Pebble Grain Size : Coarse:135.28 135.43

Occasional quartz clast and dark band. Trace pyrite.

Page 3 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM128 Units: METRICPM-08-IProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

135.43 135.54 Lithology: Quartz Pebble Conglomerate 2416 135.43 135.54 0.11Stratigraphic HW MCB

Horizon135.43 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

MCB

Texture- Texture Type : Ophitic Grain Size : Pea Size (<1cm)

Rounding : Angular Packing : Medium PackedPebble Description : Smokey

:135.43 135.54

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:135.43 135.54

135.54 135.74 Lithology: Quartzite 2417 135.54 135.74 0.20

Texture- Grain Size : Medium Grain Pebble Description

: Smokey:135.54 135.74

Occasional quartz clast.

Mineralization- Min Type : Pyrite:135.54 135.74

<1%

135.74 136.00 Lithology: Quartz Pebble Conglomerate 2418 135.74 136.00 0.26

Texture- Texture Type : Bedding Packing : Loosely Packed:135.74 136.00

bedded with intercalated quartzite.

136.00 136.17 Lithology: Quartz Pebble Conglomerate 2419 136.00 136.17 0.17

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:136.00 136.17

Mineralization- Min Type : Pyrite:136.00 136.17

<1%

Page 4 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM128 Units: METRICPM-08-IProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

136.17 136.30 Lithology: Pebble Quartz 2420 136.17 136.30 0.13

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:136.17 136.30

136.30 136.50 Lithology: Quartzite 2421 136.30 136.50 0.20

Texture- Grain Size : Medium to Course:136.30 136.50

Colour- Colour 1 : Green:136.30 136.50

136.50 136.72 Lithology: Quartzite 2422 136.50 136.72 0.22

Texture- Grain Size : Coarse:136.50 136.72

Colour- Colour 1 : Green:136.50 136.72

136.72 136.84 Lithology: Quartz Pebble Conglomerate 2423 136.72 136.84 0.12

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed Pebble Description :White

:136.72 136.84

136.84 137.02 Lithology: Quartzite 2424 136.84 137.02 0.18

Texture- Grain Size : Medium to Course Pebble

Description : White:136.84 137.02

Occasional quartz clast and dark band.

Page 5 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM128 Units: METRICPM-08-IProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

137.02 137.16 Lithology: Quartz Pebble Conglomerate 2425 137.02 137.16 0.14Economic HW MCB

Horizon137.02 : Wall Type : Hanging Wall Wall Modifier : Economic

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:137.02 137.16

Mineralization- Min Type : Pyrite:137.02 137.16

<1%

137.16 137.23 Lithology: Quartzite 2426 137.16 137.23 0.07

Texture- Grain Size : Medium Grain:137.16 137.23

Colour- Colour 1 : Green:137.16 137.23

137.23 137.43 Lithology: Quartz Pebble Conglomerate 2427 137.23 137.43 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:137.23 137.43

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:137.23 137.43

137.43 137.65 Lithology: Quartz Pebble Conglomerate 2428 137.43 137.65 0.222429 137.43 137.65 0.22Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Packing : Medium Packed PebbleDescription : White

:137.43 137.65

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:137.43 137.65

Page 6 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM128 Units: METRICPM-08-IProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

137.65 137.95 Lithology: Quartz Pebble Conglomerate 2430 137.65 137.95 0.30

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:137.65 137.95

Occasional mafic clast.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:137.65 137.95

137.95 138.08 Lithology: Quartz Pebble Conglomerate 2433 137.95 138.08 0.13

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed Pebble Description :Smokey

:137.95 138.08

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:137.95 138.08

138.08 138.34 Lithology: Quartz Pebble Conglomerate 2434 138.08 138.34 0.26

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Pebble Description : White:138.08 138.34

Bedded with pyrite stringers138.34 138.51 Lithology: Quartzite 2435 138.34 138.51 0.17

Texture- Grain Size : Medium Grain:138.34 138.51

Colour- Colour 1 : Green:138.34 138.51

138.51 138.78 Lithology: Quartz Pebble Conglomerate 2436 138.51 138.78 0.27

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:138.51 138.78

5-10% pebble content

Mineralization- Min Type : Pyrite Min Pct VE : 2:138.51 138.78

Page 7 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM128 Units: METRICPM-08-IProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

138.78 138.94 Lithology: Quartz Pebble Conglomerate 2437 138.78 138.94 0.16FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:138.78 138.94

very poor.

Mineralization- Min Type : Pyrite:138.78 138.94

<1%

138.94 139.50 Lithology: Quartzite 2438 138.94 139.50 0.56

Horizon138.94 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:138.94 139.50

Colour- Colour 1 : Green:138.94 139.50

139.50 142.30 Lithology: Quartzite

Texture- Grain Size : Medium to Course:139.50 142.30

Colour- Colour 1 : Green Colour 2 : Grey:139.50 142.30

Green to grey to black

142.30 147.45 Lithology: QuartzitePBQZ with occasional 1-2cm white quartz clast. 400-450cps on scint. Bedded at80deg to LCA.Chloritic contamination in matrix. Sharp lower contact with basement. Occasionalquartz veinletwith pinkish alteration @ 30deg to LCA. Very disseminated pyrite <1%.

Texture- Grain Size : Coarse:142.30 147.45

Colour- Colour 1 : Grey Colour Tone 1 : Medium Colour

2 : Grey Colour Tone 2 : Dark:142.30 147.45

Page 8 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM128 Units: METRICPM-08-IProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

147.45 157.00 Lithology: Metamorphic VolcanicsOccasional hematite stained flow feature. Weakly magnetic to bottom.Occasional quartz/carbonate veinlet. Increase in carbonate in groundmass tobottom. (150.7m)

Horizon147.45 : Wall Type : Unconformity

Texture- Grain Size : Very Fine Grain:147.45 157.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:147.45 157.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY134.84 135.282414135.28 135.432415135.43 135.542416135.54 135.742417135.74 136.002418136.00 136.172419136.17 136.302420136.30 136.502421136.50 136.722422136.72 136.842423136.84 137.022424137.02 137.162425137.16 137.232426137.23 137.432427137.43 137.652428137.65 137.952430137.95 138.082433138.08 138.342434138.34 138.512435138.51 138.782436138.78 138.942437138.94 139.502438

Sample Type DUP137.43 137.652429

Page 9 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM128 Units: METRICPM-08-IProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type Blank2431

Sample Type DL-1A2432

- PELE MOUNTAIN RESOURCES

I I

Page 1 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM127 Units: METRICPM-08-CProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-60.00Contractor: Marathon

Claim Number:

Location: Surface

Date Started:

Date Completed: Aug 21, 2008

Purpose: Hydrogeology

4218566

Joubin

Collar Az: 180.00

Length: 173.97

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: NQ

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138414.50

East: 384717.70

Elev: 376.50

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 41.15 Lithology: QuartziteMuch oxidation - k-feldspar alteration. 70 to 80 % blocky. Badly broken 27m to31m.Bleached looking at start of hole and end of section. Very minor dark banding @35m to41m. Stinson Member.

Texture- Grain Size : Fine to Medium Grain:0 41.15

Colour- Colour 1 : Grey:0 41.15

Alteration- Alt Type : Oxidation Alt Intensity : Medium Alt

Pct VE : Bleached:0 41.15

Structure:40.00 Structure Type : Vuggy

41.15 57.18 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium to

Course:41.15 57.18

Occasional narrow dark stringer and siltstone.

Colour- Colour 1 : Grey Colour 2 : Buff Brown:41.15 57.18

Page 2 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM127 Units: METRICPM-08-CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

57.18 145.01 Lithology: QuartziteRyan member. Typical green, arkosic quartzite with numerous narrow darkbands of smokeyquartz grains and trace pyrite. Bedding @ 80-85deg to LCA. Occasional weakfloater bed andgritt section. Good quality core. Few minor oxidized joints and fractures.

Horizon57.18 :

Ryan member

Texture- Texture Type : Bedding Grain Size : Medium to

Course:57.18 145.01

Colour- Colour 1 : Green:57.18 145.01

Structure:109.00 Angle : 45.000

Slightly broken core

:117.80 Angle : 45.000Orange staining - sligtly broken core.

145.01 145.42 Lithology: Quartzite 2526 145.01 145.42 0.41

Texture- Grain Size : Medium to Course:145.01 145.42

Occasional dark stringer or band.

Colour- Colour 1 : Green:145.01 145.42

145.42 145.80 Lithology: Pebble Quartz 2527 145.42 145.80 0.38

Texture- Grain Size : Coarse:145.42 145.80

Occasional QPC band and dark stringer.

Page 3 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM127 Units: METRICPM-08-CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

145.80 146.00 Lithology: Quartzite 2528 145.80 146.00 0.20

Texture- Grain Size : Coarse:145.80 146.00

Colour- Colour 1 : Green:145.80 146.00

146.00 146.13 Lithology: Pebble Quartz 2529 146.00 146.13 0.13

Texture- Grain Size : Coarse:146.00 146.13

Few dark mineralized bands in green groundmass.

Colour- Colour 1 : Green:146.00 146.13

146.13 146.36 Lithology: Pebble Quartz 2530 146.13 146.36 0.23

Texture- Grain Size : Coarse:146.13 146.36

Dark banding

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:146.13 146.36

146.36 146.51 Lithology: Quartzite 2531 146.36 146.51 0.15

Texture- Grain Size : Coarse:146.36 146.51

One dark band.

146.51 146.84 Lithology: Quartzite 2532 146.51 146.84 0.33

Texture- Grain Size : Coarse:146.51 146.84

Few dark bands and trace pyrite.

Colour- Colour 1 : Green:146.51 146.84

Page 4 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM127 Units: METRICPM-08-CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

146.84 146.90 Lithology: Pebble Quartz 2533 146.84 146.90 0.06Stratigraphic HW MCB

Horizon146.84 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:146.84 146.90

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:146.84 146.90

146.90 146.96 Lithology: Quartzite 2534 146.90 146.96 0.06

Texture- Grain Size : Medium Grain:146.90 146.96

Colour- Colour 1 : Green:146.90 146.96

146.96 147.07 Lithology: Quartz Pebble Conglomerate 2535 146.96 147.07 0.11

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed Pebble Description :Smokey

:146.96 147.07

Mineralization- Min Type : Pyrite:146.96 147.07

<1%

147.07 147.19 Lithology: Quartzite 2536 147.07 147.19 0.12

Texture- Grain Size : Medium to Course:147.07 147.19

Colour- Colour 1 : Green:147.07 147.19

Page 5 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM127 Units: METRICPM-08-CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

147.19 147.37 Lithology: Quartzite 2537 147.19 147.37 0.18

Texture- Grain Size : Medium to Course:147.19 147.37

Occasional white quartz clast.

147.37 147.50 Lithology: Quartz Pebble Conglomerate 2538 147.37 147.50 0.13Economic HW MCB

Horizon147.37 : Wall Type : Hanging Wall Wall Modifier : Economic

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:147.37 147.50

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Buckshot:147.37 147.50

Dark matrix

147.50 147.73 Lithology: Quartz Pebble Conglomerate 2539 147.50 147.73 0.232540 147.50 147.73 0.23Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Packing : Well Packed PebbleDescription : Smokey

:147.50 147.73

Dark groundmass

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:147.50 147.73

147.73 147.78 Lithology: Pebble Quartz 2541 147.73 147.78 0.05

Texture- Grain Size : Coarse:147.73 147.78

Dark groundmass.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:147.73 147.78

Fair

Page 6 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM127 Units: METRICPM-08-CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

147.78 148.11 Lithology: Quartz Pebble Conglomerate 2542 147.78 148.11 0.33

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed:147.78 148.11

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Buckshot:147.78 148.11

148.11 148.23 Lithology: Quartz Pebble Conglomerate 2545 148.11 148.23 0.12

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:148.11 148.23

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:148.11 148.23

148.23 148.49 Lithology: Quartz Pebble Conglomerate 2546 148.23 148.49 0.26

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:148.23 148.49

Mix of white, smokey and chert pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Buckshot:148.23 148.49

148.49 148.54 Lithology: Pebble Quartz 2547 148.49 148.54 0.05

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:148.49 148.54

Mineralization- Min Type : Pyrite Min Texture : Disseminated:148.49 148.54

Fine

Page 7 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM127 Units: METRICPM-08-CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

148.54 148.69 Lithology: Quartz Pebble Conglomerate 2548 148.54 148.69 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Pebble Description : Smokey

:148.54 148.69

Elongated pebbles,dark groundmass.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:148.54 148.69

Pyrite in bands.

148.69 148.84 Lithology: Quartz Pebble Conglomerate 2549 148.69 148.84 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : WellPacked Pebble Description : Chert

:148.69 148.84

Quartz and chert pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:148.69 148.84

148.84 148.97 Lithology: Quartz Pebble Conglomerate 2550 148.84 148.97 0.13

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Pebble Description : Chert:148.84 148.97

Chert and quartz pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:148.84 148.97

148.97 149.12 Lithology: Quartz Pebble Conglomerate 2551 148.97 149.12 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : WellPacked Pebble Description : Smokey

:148.97 149.12

Occasional elongated pebble. Smokey groundmass.

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:148.97 149.12

Page 8 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM127 Units: METRICPM-08-CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

149.12 149.30 Lithology: Quartz Pebble Conglomerate 2552 149.12 149.30 0.18FW MCB. Sharp, clean FW contact.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:149.12 149.30

Dark groundmass.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Buckshot:149.12 149.30

149.30 150.04 Lithology: Quartzite 2553 149.30 150.04 0.74

Horizon149.30 : Wall Type : Foot Wall

MCB

Texture- Grain Size : Medium Grain:149.30 150.04

Colour- Colour 1 : Green:149.30 150.04

150.04 160.33 Lithology: QuartziteIncreasingly contaminated to bottom of section. Impure, dirty quartzite.Occasional pyriticstringer at top of section. Inceasingly altered to k-feldspar and white clasts.

Texture- Grain Size : Medium to Course:150.04 160.33

Increasing dark groundmass to bottom.

Colour- Colour 1 : Green Colour 2 : Grey:150.04 160.33

Black at bottom of section.

Alteration- Alt Type : Unknown Pink Alt Intensity : Weak:153.11 155.50

Page 9 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM127 Units: METRICPM-08-CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

160.33 160.63 Lithology: Quartzite 2614 160.33 160.63 0.30

Texture- Grain Size : Medium to Course:160.33 160.63

Dark, smokey groundmass.

Colour- Colour 1 : Grey Colour Tone 1 : Dark:160.33 160.63

Mineralization- Min Type : Pyrite Min Texture : Semi-Massive:160.33 160.63

Fair. 450 to 500 cps on scintillometer.

160.63 160.76 Lithology: Quartzite 2615 160.63 160.76 0.13

Texture- Grain Size : Medium to Course:160.63 160.76

Dark black matrix.

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:160.63 160.76

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:160.63 160.76

500 to 1000 cps

160.76 160.93 Lithology: Quartzite 2616 160.76 160.93 0.17

Texture- Grain Size : Fine Grain:160.76 160.93

Occasional light green to buff paleosol bands.

Colour- Colour 1 : Black:160.76 160.93

Mineralization- :160.76 160.93

1200 cps

Page 10 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM127 Units: METRICPM-08-CProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

160.93 161.06 Lithology: Metamorphic Volcanics 2617 160.93 161.06 0.13

Horizon160.93 : Wall Type : Unconformity

Texture- Grain Size : Fine Grain:160.93 161.06

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:160.93 161.06

Alteration- Alt Type : Hematite Alt Intensity : Weak:160.93 161.06

161.06 173.97 Lithology: Metamorphic VolcanicsCore broken and chippy. Hematite staining on fracture planes. Chloritic andquartz/carbonateveining. Fairly massive basalt. Probably Archean.Drillers tag @ 173.74

Texture- Grain Size : Fine Grain:161.06 173.97

Colour- Colour 1 : Black:161.06 173.97

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY145.01 145.422526145.42 145.802527145.80 146.002528146.00 146.132529146.13 146.362530146.36 146.512531146.51 146.842532146.84 146.902533146.90 146.962534146.96 147.072535147.07 147.192536

Page 11 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM127 Units: METRICPM-08-CProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY147.19 147.372537147.37 147.502538147.50 147.732539147.73 147.782541147.78 148.112542148.11 148.232545148.23 148.492546148.49 148.542547148.54 148.692548148.69 148.842549148.84 148.972550148.97 149.122551149.12 149.302552149.30 150.042553160.33 160.632614160.63 160.762615160.76 160.932616160.93 161.062617

Sample Type DUP147.50 147.732540

Sample Type Blank2543

Sample Type UTS-42544

- PELE MOUNTAIN RESOURCES

Page 1 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM126 Units: METRICPM-08-MProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-70.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Aug 06, 2008Date Started:

Date Completed: Aug 07, 2008

Purpose: Infill

4218566

Joubin

Collar Az: 180.00

Length: 187.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138477.70

East: 384343.30

Elev: 355.20

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. EnrightMargo plug in hole.High flow.

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.50 Lithology: CasingMix of granite and quartzite rubble.

Page 2 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM126 Units: METRICPM-08-MProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

1.50 87.50 Lithology: QuartziteStinson member. Some minor pyrite banding between 54.5 - 58.0m. Poorradioactivity.Occasional buff fine grain sections of siltstone.68 to 81 - darker grey with fine layering and laminated core. Minor pyriticbanding.Core blocky but not fractured.81 to 83 - white groundmass with occasional quartz and mafic clast to 5cm.<1% disseminatedpyrite. Not radioactive.

Texture- Grain Size : Medium Grain:1.50 87.50

Occasional quartz clast.

Colour- Colour 1 : Grey Colour Tone 1 : Light:1.50 87.50

Alteration- Alt Type : Oxidation Alt Intensity : Weak:19.00 19.40

- Alt Type : Unknown Orange Alt Intensity : Medium:25.00 31.00Oxidation in groundmass. Slight sericitic alteration.

- Alt Type : Unknown Pink Alt Pct VE : 75:37.65 52.00Minor sericitic alteration.

- Alt Type : Unknown Pink:52.00 68.60

Structure:19.00 Thickness Along Core : 0.40

core pitted

:37.65 Thickness Along Core : 14.35core broken-50%

:52.00 Thickness Along Core : 31.00medium quality core

:68.60core blocky

:83.40 Thickness Along Core : 1.60broken core

Page 3 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM126 Units: METRICPM-08-MProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

87.50 163.03 Lithology: QuartziteRyan member. Typical green, arkosic quartzite. Numerous dark minerlaizedbands and floater reefs.Bedding @ 80 to 85deg to LCA. Usually good quality core.

Horizon87.50 :

Ryan member.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:87.50 163.03

PBQZ and QPC beds @ 148.35; 149.9; 150.35; 155 - usually 5-10cm

Colour- Colour 1 : Green Colour Tone 1 : Medium:87.50 163.03

163.03 163.60 Lithology: Quartzite 2386 163.03 163.60 0.57

Texture- Texture Type : Massive Grain Size : Medium Grain:163.03 163.60

Occasional pea-sized quartz clast.

Colour- Colour 1 : Green:163.03 163.60

163.60 163.73 Lithology: Quartz Pebble Conglomerate 2387 163.60 163.73 0.13

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:163.60 163.73

20% smokey quartz.

Mineralization- Min Type : Pyrite:163.60 163.73

<1%

Page 4 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM126 Units: METRICPM-08-MProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

163.73 164.20 Lithology: Quartzite 2388 163.73 164.20 0.47

Texture- Grain Size : Medium Grain:163.73 164.20

Occasional 1cm quartz clast and dark pyritic band.

Colour- Colour 1 : Green:163.73 164.20

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:163.73 164.20

164.20 164.28 Lithology: Quartz Pebble Conglomerate 2389 164.20 164.28 0.08

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:164.20 164.28

164.28 164.56 Lithology: Quartzite 2392 164.28 164.56 0.28

Texture- Grain Size : Medium to Course:164.28 164.56

Colour- Colour 1 : Green:164.28 164.56

164.56 164.64 Lithology: Quartz Pebble Conglomerate 2393 164.56 164.64 0.08

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed PebbleDescription : White

:164.56 164.64

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:164.56 164.64

164.64 164.97 Lithology: Quartzite 2394 164.64 164.97 0.33

Texture- Grain Size : Medium Grain:164.64 164.97

Occasional white quartz clast.

Page 5 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM126 Units: METRICPM-08-MProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

164.97 165.04 Lithology: Quartz Pebble Conglomerate 2395 164.97 165.04 0.07HW MCB

Horizon164.97 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:164.97 165.04

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:164.97 165.04

165.04 165.23 Lithology: Pebble Quartz 2396 165.04 165.23 0.19

Texture- Texture Type : Pebble Grain Size : Coarse

Packing : Loosely Packed Pebble Description :Smokey

:165.04 165.23

Occasional 1cm pebble. Green groundmass with smokey quartz grains.

Mineralization- Min Type : Pyrite:165.04 165.23

<1%

165.23 165.35 Lithology: Quartz Pebble Conglomerate 2397 165.23 165.35 0.12

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:165.23 165.35

Gritt and graded bedding of green sericitic quartzite.165.35 165.57 Lithology: Quartz Pebble Conglomerate 2398 165.35 165.57 0.22

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : MediumPacked Pebble Description : Smokey

:165.35 165.57

White quartz pebbles too.

Mineralization- Min Type : Pyrite Min Pct VE : 2:165.35 165.57

Page 6 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM126 Units: METRICPM-08-MProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

165.57 165.82 Lithology: Quartz Pebble Conglomerate 2399 165.57 165.82 0.25

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:165.57 165.82

Green groundmass

Mineralization- Min Type : Pyrite:165.57 165.82

<1%

165.82 165.96 Lithology: Quartz Pebble Conglomerate 2400 165.82 165.96 0.14

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:165.82 165.96

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:165.82 165.96

165.96 166.12 Lithology: Quartz Pebble Conglomerate 2401 165.96 166.12 0.16

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed:165.96 166.12

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Buckshot:165.96 166.12

166.12 166.24 Lithology: Quartz Pebble Conglomerate 2402 166.12 166.24 0.12

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:166.12 166.24

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:166.12 166.24

Page 7 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM126 Units: METRICPM-08-MProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

166.24 166.30 Lithology: Quartzite 2403 166.24 166.30 0.06

Texture- Grain Size : Medium Grain:166.24 166.30

Colour- Colour 1 : Green:166.24 166.30

166.30 166.42 Lithology: Quartz Pebble Conglomerate 2404 166.30 166.42 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:166.30 166.42

Mineralization- Min Type : Pyrite:166.30 166.42

<1%

166.42 166.60 Lithology: Quartz Pebble Conglomerate 2405 166.42 166.60 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed PebbleDescription : Smokey

:166.42 166.60

White pebbles too.

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:166.42 166.60

166.60 166.72 Lithology: Quartz Pebble Conglomerate 2406 166.60 166.72 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed PebbleDescription : Smokey

:166.60 166.72

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:166.60 166.72

Page 8 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM126 Units: METRICPM-08-MProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

166.72 166.95 Lithology: Quartz Pebble Conglomerate 2407 166.72 166.95 0.232408 166.72 166.95 0.23Texture

- Texture Type : Pebble Grain Size : Pea Size (<1cm)Packing : Loosely Packed Pebble Description :Smokey

:166.72 166.95

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:166.72 166.95

166.95 167.04 Lithology: Pebble Quartz 2409 166.95 167.04 0.09

Texture- Texture Type : Granular Grain Size : Pea Size

(<1cm) Packing : Loosely Packed PebbleDescription : Smokey

:166.95 167.04

Mineralization- Min Type : Pyrite:166.95 167.04

<1%

167.04 167.21 Lithology: Quartz Pebble Conglomerate 2410 167.04 167.21 0.17FW MCB

Horizon167.04 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:167.04 167.21

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:167.04 167.21

167.21 168.00 Lithology: Quartzite 2411 167.21 168.00 0.79

Texture- Texture Type : Massive Grain Size : Medium Grain:167.21 168.00

Arkosic, barren quartzite.

Page 9 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM126 Units: METRICPM-08-MProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

168.00 171.64 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium to

Course:168.00 171.64

Gradational into grey colour to bottom.

Colour- Colour 1 : Green Colour 2 : Grey:168.00 171.64

Structure:170.00 Angle : 20.000 Structure Type : Fracture

:171.50 Angle : 20.000 Structure Type : Fracture

171.64 175.00 Lithology: Quartzite

Texture- Grain Size : Medium Grain:171.64 175.00

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:171.64 175.00

Alteration- Alt Type : Chlorite Alt Intensity : Medium:171.64 172.32

- Alt Type : Unknown Pink Alt Intensity : Medium:172.32 172.46Alteration of quartz - fine grain. Odd pyrite stringer - not radioactive.

Structure:173.40 Thickness Along Core : 0.60 Structure Type : Breccia

Consolidated - tight irregular fracture with minor displacement.

Page 10 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM126 Units: METRICPM-08-MProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

175.00 179.00 Lithology: Metamorphic VolcanicsVery tight contact with basement. Unconformity ~60deg to LCA.Quartz vein @ 177.3 - 4cm. 20 cm alteration. Not carbonate.

Horizon175.00 : Wall Type : Unconformity

Texture- Grain Size : Very Fine Grain:175.00 179.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:175.00 179.00

Alteration- Alt Type : Chlorite:175.00 179.00

179.00 187.00 Lithology: Metamorphic VolcanicsOccasional small diam. amygdule. Slightly magnetic. Light green "splotchy"sectionsand flow features with signs of foliation. Carbonate in groundmass. Occasionalquartz/carbonateveinlet.

Texture- Grain Size : Very Fine Grain:179.00 187.00

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:179.00 187.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY163.03 163.602386163.60 163.732387163.73 164.202388164.20 164.282389164.28 164.562392164.56 164.642393164.64 164.972394

Page 11 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM126 Units: METRICPM-08-MProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY164.97 165.042395165.04 165.232396165.23 165.352397165.35 165.572398165.57 165.822399165.82 165.962400165.96 166.122401166.12 166.242402166.24 166.302403166.30 166.422404166.42 166.602405166.60 166.722406166.72 166.952407166.95 167.042409167.04 167.212410167.21 168.002411

Sample Type DUP166.72 166.952408

Sample Type Blank24122390

Sample Type DL-1A2391

Sample Type UTS-32413

- PELE MOUNTAIN RESOURCES

Page 1 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM125 Units: METRICPM-08-KProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-68.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Aug 05, 2008Date Started:

Date Completed: Aug 06, 2008

Purpose: Infill

4218566

Joubin

Collar Az: 180.00

Length: 82.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138020.60

East: 384339.20

Elev: 405.40

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.00 Lithology: QuartziteCollared in bedrock - Ryan member.

Colour- Colour 1 : Green:0 56.20

1.00 56.20 Lithology: QuartziteOccasional quart clast and biotite/chlorite mottled section. Increase in PBQZfloater beds down section.Oxidized - stained gritt zones @ 6.7; 7.5; 15.5; 16.0; 25.0; 28.2; 31.3; 38.0;51.8 m. Typically 5 to15cm wide stained (orange) gritt section with k-feldspar grains. Good qualitycore. Bedding @ 75 to80deg to LCA.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:1.00 56.20

56.20 56.62 Lithology: Quartzite 2364 56.20 56.62 0.42

Texture- Grain Size : Coarse:56.20 56.62

Arkosic with mottled biotite/chlorite sections.

Colour- Colour 1 : Green:56.20 56.62

56.62 56.81 Lithology: Quartzite 2365 56.62 56.81 0.19As previous - good quality core.

Page 2 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM125 Units: METRICPM-08-KProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

56.81 56.98 Lithology: Pebble Quartz 2366 56.81 56.98 0.17

Texture- Grain Size : Coarse:56.81 56.98

Occasional pea-sized pebble and k-feldspar grains.

56.98 57.17 Lithology: Quartz Pebble Conglomerate 2367 56.98 57.17 0.19HW MCB Contact @ 85deg to LCA.

Horizon56.98 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Angular Packing : Loosely PackedPebble Description : Smokey

:56.98 57.17

Occasional mafic clast.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:56.98 57.17

57.17 57.40 Lithology: Quartz Pebble Conglomerate 2368 57.17 57.40 0.23

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:57.17 57.40

20% pebble content.

Mineralization- Min Type : Pyrite:57.17 57.40

<1%

57.40 57.51 Lithology: Pebble Quartz 2369 57.40 57.51 0.11

Texture- Grain Size : Coarse:57.40 57.51

Colour- Colour 1 : Green:57.40 57.51

Page 3 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM125 Units: METRICPM-08-KProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

57.51 57.76 Lithology: Quartz Pebble Conglomerate 2370 57.51 57.76 0.25

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:57.51 57.76

25% pebble content.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:57.51 57.76

57.76 57.84 Lithology: Pebble Quartz 2371 57.76 57.84 0.08

Texture- Grain Size : Coarse Pebble Description :

Smokey:57.76 57.84

Occasional 1cm pebble.57.84 58.07 Lithology: Quartz Pebble Conglomerate 2372 57.84 58.07 0.23

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed:57.84 58.07

60% pebble content. Occasional chert clast.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:57.84 58.07

58.07 58.30 Lithology: Quartz Pebble Conglomerate 2373 58.07 58.30 0.23

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : WellPacked

:58.07 58.30

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Detrital:58.07 58.30

Page 4 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM125 Units: METRICPM-08-KProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

58.30 58.55 Lithology: Quartz Pebble Conglomerate 2376 58.30 58.55 0.25

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:58.30 58.55

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:58.30 58.55

58.55 58.79 Lithology: Quartz Pebble Conglomerate 2377 58.55 58.79 0.242378 58.55 58.79 0.24Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Packing : Well Packed PebbleDescription : Smokey

:58.55 58.79

60% pebble content. Smokey groundmass.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Buckshot:58.55 58.79

58.79 59.12 Lithology: Quartz Pebble Conglomerate 2379 58.79 59.12 0.33Economic FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : White

:58.79 59.12

White quartz and buff chert pebbles. Occasional k-feldspar grain.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:58.79 59.12

59.12 59.41 Lithology: Pebble Quartz 2380 59.12 59.41 0.29Minor oxidation and k-feldspar alteration. Smokey quartz grains. 20-30%k-feldspar.

Texture- Grain Size : Coarse Pebble Description :

Smokey:59.12 59.41

Occasional quart clast.

Page 5 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM125 Units: METRICPM-08-KProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

59.41 59.57 Lithology: Pebble Quartz 2381 59.41 59.57 0.16

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:59.41 59.57

10% pebble content.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Stringer:59.41 59.57

Alteration- Alt Type : Oxidation:59.41 59.57

Structure:59.41 Angle : 30.000 Structure Type : Fracture

oxidized - rusty.

59.57 59.70 Lithology: Pebble Quartz 2382 59.57 59.70 0.13

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:59.57 59.70

5% pebble content.

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:59.57 59.70

59.70 59.88 Lithology: Pebble Quartz 2383 59.70 59.88 0.18

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:59.70 59.88

< 5% pebble content.

Mineralization- Min Type : Pyrite:59.70 59.88

<1%

Page 6 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM125 Units: METRICPM-08-KProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

59.88 60.07 Lithology: Quartz Pebble Conglomerate 2384 59.88 60.07 0.19FW MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:59.88 60.07

10 - 20% pebble content.

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:59.88 60.07

60.07 60.60 Lithology: Quartzite 2385 60.07 60.60 0.53

Horizon60.07 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:60.07 60.60

Good quality core.

Colour- Colour 1 : Green:60.07 60.60

60.60 67.00 Lithology: Quartzite

Texture- Grain Size : Medium to Course:60.60 67.00

Arkosic. Minor biotite/chlorite mottling. Occasional quartz clast.

Colour- Colour 1 : Green:60.60 67.00

Structure:61.87 Angle : 18.000 Structure Type : Fracture

oxidized

:62.05 Angle : 18.000 Structure Type : Fracturek-feldspar alteration and oxidation.

Page 7 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM125 Units: METRICPM-08-KProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

67.00 70.40 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium Grain:67.00 70.40

Colour- Colour 1 : Green:67.00 70.04

- Colour 1 : Green Colour Tone 1 : Dark Colour 2: Grey

:70.04 72.54

70.40 72.54 Lithology: QuartziteBedded @ 80deg to LCA. Narrow dark stringers and occasional k-feldspar to40% as grains.Very subtle contact with volcanics. 70deg to LCA. Some very minor hematitestaining.

Texture- Grain Size : Medium Grain:70.40 72.54

72.54 76.00 Lithology: Metamorphic VolcanicsMuch hematite staining and streaking. Carbonate in groundmass increases downsection.Occasional brecciated section with carbonate shards. - flow breccia.

Horizon72.54 : Wall Type : Unconformity

Texture- Grain Size : Very Fine Grain:72.54 76.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:72.54 76.00

Alteration- Alt Type : Hematite Alt Intensity : Strong:72.54 76.00

Page 8 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM125 Units: METRICPM-08-KProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

76.00 82.00 Lithology: Metamorphic VolcanicsMuch carbonate in groundmass. Flow features and quartz carbonate veinlets.Slight amygduleformation. Minor sulphides as pyrite. Not magnetic.

Texture- Grain Size : Very Fine Grain:76.00 82.00

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:76.00 82.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY56.20 56.62236456.62 56.81236556.81 56.98236656.98 57.17236757.17 57.40236857.40 57.51236957.51 57.76237057.76 57.84237157.84 58.07237258.07 58.30237358.30 58.55237658.55 58.79237758.79 59.12237959.12 59.41238059.41 59.57238159.57 59.70238259.70 59.88238359.88 60.07238460.07 60.602385

Sample Type DUP58.55 58.792378

Sample Type Blank2374

Sample Type UTS-32375

Page 1 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-67.50Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Aug 27, 2008Date Started:

Date Completed: Sep 05, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 180.00

Length: 145.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138134.30

East: 383956.10

Elev: 391.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 11.50 Lithology: CasingPink granite and diabase rubble.

11.50 22.93 Lithology: QuartziteStinson member. 30 to 40 % oxidized.

Texture- Grain Size : Medium Grain:11.50 22.93

Blocky core.

Colour- Colour 1 : Grey:11.50 22.93

Structure:11.85 Angle : 20.000 Structure Type : Fracture

oxidized

:12.00 Angle : 18.000 Structure Type : Fractureoxidized

Page 2 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

22.93 101.36 Lithology: QuartziteRyan member. Bedding prominant at 85deg to LCA. Typical numerous narrowdark bands ofsmokey quartz grains and trace pyrite. Occasional white quartz clast. Minororange staining aroundjoint/fractures. Quartzite becomes impure down section. Vicinity of dyke ?Generally good quality core.Occasional quartz veinlet (4 or 5) @ 30deg to LCA.

Horizon22.93 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:22.93 101.36

Colour- Colour 1 : Green:22.93 59.77

- Colour 1 : Grey:59.77 66.35

- Colour 1 : Grey:66.35 73.66

- Colour 1 : Green:73.66 101.36

Structure:43.85 Structure Type : Fracture

core blocky

:70.53 Angle : 45.000 Structure Type : Fractureoxidized

:70.60 Angle : 25.000 Thickness Along Core : 0.01 StructureType : Mudseam Structure Fill Mat : Mud

Black. Lower contact of contamination @ 20-30deg.:81.80 Angle : 75.000 Thickness Along Core : 0.03 Structure

Type : OtherDirty gritt bed.

Page 3 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

101.36 101.70 Lithology: Quartzite 02752 101.36 101.70 0.34

Texture- Grain Size : Medium to Course:101.36 101.70

Quartz veinlet cuts across core.

Colour- Colour 1 : Green Colour Tone 1 : Medium:101.36 101.70

101.70 102.53 Lithology: Quartzite 02753 101.70 102.53 0.83

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):101.70 102.53

Impure quartzite with few pebbles

Colour- Colour 1 : Grey Colour Tone 1 : Dark:101.70 102.53

Mineralization- Min Type : Pyrite:101.70 102.53

fine - <1%

102.53 102.77 Lithology: Pebble Quartz 02754 102.53 102.77 0.24

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:102.53 102.77

Impure, dark groundmass.

Colour- Colour 1 : Grey:102.53 102.77

102.77 103.05 Lithology: Quartzite 02755 102.77 103.05 0.28

Texture- Grain Size : Pea Size (<1cm):102.77 103.05

Few pebbles. Less contaminated.

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:102.77 103.05

103.05 103.50 Lithology: Quartzite 02756 103.05 103.50 0.45

Texture- Grain Size : Coarse:103.05 103.50

ocasional quartz clast

Page 4 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

103.50 104.10 Lithology: Pebble Quartz 02757 103.50 104.10 0.60Specific Gravity taken.

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:103.50 104.10

Impure groundmass. Dark green.

Mineralization- Min Type : Pyrite Min Texture : Disseminated:103.50 104.10

fine

104.10 104.46 Lithology: Pebble Quartz 02758 104.10 104.46 0.36

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed:104.10 104.46

Smokey pebbles and dark green matrix.

Mineralization- Min Type : Pyrite Min Texture : Disseminated:104.10 104.46

104.46 104.88 Lithology: Pebble Quartz 02761 104.46 104.88 0.42

Texture- Texture Type : Pebble Grain Size : Coarse:104.46 104.88

Couple dark stringers. Not as contaminated.

104.88 105.56 Lithology: Quartzite 02762 104.88 105.56 0.68

Texture- Texture Type : Massive Grain Size : Coarse:104.88 105.56

Occasional quartz clast.

Colour- Colour 1 : Green:104.88 105.56

105.56 105.98 Lithology: Quartzite 02763 105.56 105.98 0.42

Texture- Grain Size : Coarse:105.56 105.98

Occasional pebble to 1cm.

Page 5 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

105.98 106.43 Lithology: Quartzite 02764 105.98 106.43 0.45Approximate HW MCB - altered. Dirty, impure quartzite with occasioanl pebble.Radioactive. <1% pyrite.

Texture- Grain Size : Coarse:105.98 106.43

occasional quartz clast.

Colour- Colour 1 : Black:105.98 106.43

106.43 106.58 Lithology: Quartzite 02765 106.43 106.58 0.15

Texture- Grain Size : Medium Grain:106.43 106.58

barren

Colour- Colour 1 : Green Colour Tone 1 : Dark:106.43 106.58

106.58 106.90 Lithology: Pebble Quartz 02766 106.58 106.90 0.32Cut by fine quartz veinlets. Groundmass banded due to intrusions.

Horizon106.58 : Wall Type : Hanging Wall

Approximate HW MCB

Texture- Grain Size : Coarse:106.58 106.90

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:106.58 106.90

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Disseminated:106.58 106.90

Page 6 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

106.90 107.56 Lithology: Pebble Quartz 02767 106.90 107.56 0.66

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:106.90 107.56

White quartz clasts massed at top.

Colour- Colour 1 : Black:106.90 107.56

Impure groundmass.

107.56 108.07 Lithology: Pebble Quartz 02768 107.56 108.07 0.51As previous. Disseminated pyrite. Grey pebbles.

108.07 108.28 Lithology: Pebble Quartz 02769 108.07 108.28 0.21

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:108.07 108.28

Colour- Colour 1 : Grey Colour Tone 1 : Dark:108.07 108.28

Impure groundmass.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Banding:108.07 108.28

108.28 108.54 Lithology: Quartzite 02770 108.28 108.54 0.26

Texture- Grain Size : Coarse:108.28 108.54

Dirty quartzite. Occasional quartz or plagioclase clast.

108.54 108.78 Lithology: Pebble Quartz 02771 108.54 108.78 0.2402772 108.54 108.78 0.24Texture

- Texture Type : Pebble Grain Size : CoarsePacking : Loosely Packed

:108.54 108.78

occasional quartz pebble.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Banding:108.54 108.78

Page 7 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

108.78 109.18 Lithology: Quartzite 02773 108.78 109.18 0.40

Texture- Grain Size : Coarse:108.78 109.18

Course at top - silicified at bottom and foliated.

Colour- Colour 1 : Grey:108.78 109.18

Mineralization- Min Type : Pyrite Min Texture : Disseminated:108.78 109.18

<1%

109.18 109.27 Lithology: Quartzite 02774 109.18 109.27 0.09

Texture- Grain Size : Fine Grain:109.18 109.27

Silicified.

Colour- Colour 1 : Grey Colour Tone 1 : Dark:109.18 109.27

109.27 109.65 Lithology: Quartzite 02775 109.27 109.65 0.38

Texture- Grain Size : Medium to Course:109.27 109.65

occasional quartz clast.

Colour- Colour 1 : Grey Colour Tone 1 : Dark:109.27 109.65

Mineralization- Min Type : Pyrite Min Texture : Banding:109.27 109.65

109.65 110.20 Lithology: Pebble Quartz 02776 109.65 110.20 0.55

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:109.65 110.20

Page 8 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

110.20 111.03 Lithology: Quartzite 02777 110.20 111.03 0.83Mix of greywacke - white plagioclase phenocrysts and occasional mafic clast.Siltstone and chert shards.

Texture- Grain Size : Fine to Medium Grain:110.20 111.03

Colour- Colour 1 : Grey Colour Tone 1 : Dark:110.20 111.03

111.03 111.16 Lithology: Quartzite 02778 111.03 111.16 0.13Altered siltstone and greywacke.

Texture- Grain Size : Fine Grain:111.03 111.16

occasional mafic clast.

Colour- Colour 1 : Grey Colour Tone 1 : Dark:111.03 111.16

Mineralization- Min Type : Pyrite Min Texture : Disseminated:111.03 111.16

fine

111.16 111.31 Lithology: Quartzite 02779 111.16 111.31 0.15Specific Gravity taken.

Texture- Grain Size : Fine Grain:111.16 111.31

dirty quartzite.

Colour- Colour 1 : Grey Colour Tone 1 : Dark:111.16 111.31

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Banding:111.16 111.31

Page 9 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

111.31 111.69 Lithology: Quartzite 02780 111.31 111.69 0.38Heavy pyrite stringers 80deg to LCA - detrital. 2500 to 3000 cps onscintillometer.

Texture- Grain Size : Very Fine Grain:111.31 111.69

Colour- Colour 1 : Black:111.31 111.69

Mineralization- Min Type : Pyrite Min Texture : Banding:111.31 111.69

heavy

111.69 111.91 Lithology: Quartzite 02781 111.69 111.91 0.22Quartzite-greywacke or impure quartzite.

Texture- Grain Size : Very Fine Grain:111.69 111.91

Colour- Colour 1 : Grey Colour Tone 1 : Dark:111.69 111.91

Mineralization- Min Type : Pyrite:111.69 111.91

<1%

111.91 112.33 Lithology: Quartzite 02784 111.91 112.33 0.42Approximate FW MCB

Texture- Texture Type : Bedding Grain Size : Medium Grain:111.91 112.33

Impure, dirty grey.

Mineralization- Min Type : Pyrite Min Texture : Disseminated:111.91 112.33

fine

Page 10 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

112.33 112.57 Lithology: Quartzite 02785 112.33 112.57 0.24

Horizon112.33 : Wall Type : Foot Wall

Approximate FW MCB

Texture- Texture Type : Banding Grain Size : Fine Grain:112.33 112.57

Colour- Colour 1 : Grey Colour Tone 1 : Light:112.33 112.57

112.57 113.07 Lithology: Quartzite 02786 112.57 113.07 0.50

Texture- Texture Type : Pebble Grain Size : Coarse:112.57 113.07

Colour- Colour 1 : Grey Colour Tone 1 : Light:112.57 113.07

113.07 113.40 Lithology: Pebble Quartz 02787 113.07 113.40 0.33

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:113.07 113.40

Colour- Colour 1 : Grey Colour Tone 1 : Dark:113.07 113.40

Mineralization- Min Type : Pyrite Min Texture : Disseminated:113.07 113.40

fine

113.40 114.00 Lithology: Quartzite 02788 113.40 114.00 0.60

Texture- Grain Size : Medium Grain:113.40 114.00

Occasional smokey quartz clast. Faint sericite in groundmass.

Colour- Colour 1 : Grey Colour Tone 1 : Light:113.40 114.00

Page 11 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

114.00 114.30 Lithology: Pebble Quartz 02789 114.00 114.30 0.30

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):114.00 114.30

Colour- Colour 1 : Grey Colour Tone 1 : Dark:114.00 114.30

114.30 114.83 Lithology: Pebble Quartz 02790 114.30 114.83 0.53

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed:114.30 114.83

Colour- Colour 1 : Grey Colour Tone 1 : Light:114.30 114.83

114.83 115.06 Lithology: Quartzite 02791 114.83 115.06 0.23

Texture- Grain Size : Medium to Course:114.83 115.06

Occasional quartz clast. Arkosic.

Colour- Colour 1 : Green:114.83 115.06

115.06 122.50 Lithology: QuartziteLight grey to green arkosic. Fairly massive. Odd contaminated gritt bed @118.37-118.7m.Good quality core.

Texture- Grain Size : Medium to Course:115.06 122.50

occasional 1cm white quartz clast.

Colour- Colour 1 : Grey Colour Tone 1 : Light Colour 2 :

Green:115.06 122.50

122.50 122.83 Lithology: Quartzite 02792 122.50 122.83 0.33

Texture- Grain Size : Medium Grain:122.50 122.83

Occasional white quartz clast.

Page 12 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

122.83 123.09 Lithology: Quartz Pebble Conglomerate 02793 122.83 123.09 0.26HW BCB

Horizon122.83 : Wall Type : Hanging Wall

BCB

Texture- Texture Type : Pebble Grain Size : Cobble Size

(>3cm) Packing : Medium Packed:122.83 123.09

White quartz and sericitic shards. Smokey quartz grains.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Buckshot:122.83 123.09

123.09 123.51 Lithology: Quartz Pebble Conglomerate 02794 123.09 123.51 0.42

Texture- Texture Type : Pebble Grain Size : Cobble Size

(>3cm) Packing : Well Packed:123.09 123.51

White quartz pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Semi-Massive:123.09 123.51

123.51 123.76 Lithology: Quartzite 02795 123.51 123.76 0.25

Texture- Texture Type : Massive Grain Size : Medium Grain:123.51 123.76

Colour- Colour 1 : Green:123.51 123.76

123.76 123.96 Lithology: Quartz Pebble Conglomerate 02796 123.76 123.96 0.20One large granite cobble. Sharp contact with paleosoil @ 75deg to LCA.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:123.76 123.96

Mineralization- Min Type : Pyrite:123.76 123.96

<1%

Page 13 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

123.96 124.34 Lithology: Unconformity 02797 123.96 124.34 0.38Very fine grain, green sericitic soil. Soft.

Horizon123.96 : Wall Type : Foot Wall

BCB

123.96 : Wall Type : Unconformity Unconformity - paleosoil.

Texture- Grain Size : Very Fine Grain:123.96 124.34

Colour- Colour 1 : Green:123.96 124.34

124.34 126.36 Lithology: Metamorphic VolcanicsLight green tuffaceous metavolcanics. Muddy at top contact. Soft to scratch.

Texture- Grain Size : Very Fine Grain:124.34 126.36

Colour- Colour 1 : Green Colour Tone 1 : Light:124.34 126.36

126.36 145.00 Lithology: Metamorphic VolcanicsBasalts and tuffs. Slightly magnetic. Much of core has tiny white amygdules.Some minor foliation.

Texture- Grain Size : Fine Grain:126.36 145.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:126.36 145.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY101.36 101.7002752101.70 102.5302753102.53 102.7702754

Page 14 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY102.77 103.0502755103.05 103.5002756103.50 104.1002757104.10 104.4602758104.46 104.8802761104.88 105.5602762105.56 105.9802763105.98 106.4302764106.43 106.5802765106.58 106.9002766106.90 107.5602767107.56 108.0702768108.07 108.2802769108.28 108.5402770108.54 108.7802771108.78 109.1802773109.18 109.2702774109.27 109.6502775109.65 110.2002776110.20 111.0302777111.03 111.1602778111.16 111.3102779111.31 111.6902780111.69 111.9102781111.91 112.3302784112.33 112.5702785112.57 113.0702786113.07 113.4002787113.40 114.0002788114.00 114.3002789114.30 114.8302790114.83 115.0602791122.50 122.8302792122.83 123.0902793123.09 123.5102794123.51 123.7602795123.76 123.9602796123.96 124.3402797

Sample Type DUP108.54 108.7802772

Sample Type Blank0278202759

- PELE MOUNTAIN RESOURCES

Page 15 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM139 Units: METRICPM-08-JaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type DL-1A02760

Sample Type UTS-302783

- PELE MOUNTAIN RESOURCES

I I

Page 1 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM169 Units: METRICPM-CB8Proposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-85.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Feb 19, 2009Date Started:

Date Completed: Feb 21, 2009

Purpose: Infill

3009465

Joubin

Collar Az: 270.00

Length: 237.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5137982.00

East: 381407.00

Elev: 365.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Historic borehole CB-8 is nearby.

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 2.00 Lithology: CasingArgilliceous greywacke boulders and a minor amount of granite rubble.

Page 2 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM169 Units: METRICPM-CB8Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

2.00 63.74 Lithology: QuartziteStinson member. Grey,medium to coarse grain quartzite with sections ofoligomictic conglomerate and siltstonebedding. Upper 30m is massive then into a fine bedding at ~ 70deg to LCA.Faulted at 30m.15m to 28.6m is a light grey to white quartzite to PBQZ. Loosely packed whitequartz pebbles to 1cm.The pebbles are sub-angular with odd clast to 3cm. Core is blocky.The quartzite is finer grain to 63.75m and layered or fine bedding planes withvery faint pyriticbanding. At roughly 48m to 63m the core has a slight pinkish brown hue to it.Below 63m is a loosley packed conglomerate with white and mafic clasts to 3cmin a coarse matrix.Slight sericitic alteration. The clasts are sub-angular.Generally, little oxidation in hole other than the fault at 30m.

Texture- Texture Type : Fine Bedding Grain Size : Medium to

Course:2.00 63.74

Colour- Colour 1 : Grey Colour Tone 1 : Light Colour 2 :

Buff Brown Colour Tone 2 : Light:2.00 63.74

Alteration- Alt Type : Unknown Pink Alt Intensity : Pervasive:48.00 63.00

Structure:6.00 Thickness Along Core : 3.00

blocky core

:17.00 Thickness Along Core : 2.00blocky

:30.00 Angle : 12.000 Thickness Along Core : 1.00 StructureType : Faults Structure Fill Mat : Greywacke

Irregular fault 12 to 20deg to LCA. Hematite staining. Minor pyrite. Corebroken. Micro fractures.

:31.30 Angle : 10.000 Thickness Along Core : 0.20 StructureType : Faults

Broken core with fracture - dark staining but no hematite stain.

Page 3 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM169 Units: METRICPM-CB8Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

63.74 74.57 Lithology: ConglomerateLight grey to white conglomerate with sericitic light green groundmass. Looselypacked quartz and maficpebbles to 3cm. Barren and not radioactive. Sharp cutoff with underlying Ryanquartzite @ 60deg to LCA.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed Pebble Description : White

:63.74 74.57

74.57 204.98 Lithology: Quartzite 4072 203.50 204.15 0.654073 204.15 204.51 0.364074 204.51 204.67 0.164075 204.67 204.85 0.184076 204.85 204.98 0.13

Ryan member. Typical green, arkosic quartzite. Massive with numerous faintnarrow dark bands.Bedding at 75deg to LCA. Occasional gritty section with odd quartz clast.Excellent quality core.Very minor floater beds. Few just above MCB.

Horizon74.57 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:74.57 204.98

Structure:173.00 Thickness Along Core : 1.50

Broken core. Not oxidized.

Page 4 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM169 Units: METRICPM-CB8Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

204.98 208.18 Lithology: Main Conglomerate Bed 4077 204.98 205.24 0.264078 205.24 205.45 0.214079 205.24 205.45 0.214080 205.45 205.71 0.264081 205.71 205.83 0.124082 205.83 206.13 0.304083 206.13 206.36 0.234084 206.36 206.77 0.414085 206.77 207.00 0.234086 207.00 207.09 0.094087 207.09 207.41 0.324088 207.09 207.41 0.324089 207.41 207.55 0.144090 207.55 207.78 0.234093 207.78 208.00 0.224094 208.00 208.19 0.19

Medium to well packed QPC with a few sections of loosely packed pebbles inmedium grain groundmass.Detrital pyrite is weak - perhaps to 10% overall. Supports sub-angular pebblesand clasts in the matrix.Indications of stream deposited sediments and flow features. Sharp HW and FWcontacts @ 75deg.Scintillometer gives average count of ~ 1000cps or better. Five or six 10cm orless floater beds aboveHW and one 8cm QPC bed in FW which is unusual.

Horizon204.98 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Pebble Description : Smokey

:204.98 208.18

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:204.98 208.18

208.18 223.90 Lithology: Quartzite 4095 208.19 208.59 0.404096 208.59 208.68 0.094097 208.68 208.95 0.274098 222.66 222.97 0.314099 222.97 223.12 0.154100 223.12 223.62 0.504101 223.62 223.90 0.28

FW quartite. Fairly massive with occcasional quartz clast. Two mafic sills (4cmwide) and one quartzvein. The vein is 2cm wide, high angle and has pink component. One narrowQPC bed above the HWBCB.

Horizon208.18 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:208.18 223.90

Colour- Colour 1 : Green Colour Tone 1 : Medium:208.18 223.90

Page 5 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM169 Units: METRICPM-CB8Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

223.90 224.23 Lithology: Basal Conglomerate 4102 223.90 224.24 0.34Loosely packed cobbles to 7cm. White with pink hue. Semi-massive pyrrhotite.Very good radioactivityat HW. Stratigraphic section ~ 0.5m above HW. Sharp contact with Archeanvolcanics.

Horizon223.90 : Wall Type : Hanging Wall

BCB

Texture- Texture Type : Cobble Grain Size : Cobble Size

(>3cm) Rounding : Sub-Rounded Packing :Loosely Packed Pebble Description : Quartz

:223.90 224.23

Mineralization- Min Type : Pyrrhotite Min Pct VE : 2 Min Texture

: Semi-Massive:223.90 224.23

poor pyrite.

224.23 237.00 Lithology: Metamorphic Volcanics 4103 224.24 224.58 0.34Very fine grain tuffaceous paleosol like material. Chloritic with a light greenexterior. Slight brecciation.Fine layering. No carbonate material in groundmass. ( 224.23 to 227m)Below this is a massive metabasalt - very fine grain, fairly soft. No carbonateother than a few tinyquartz/carbonate veinlets. Not magnetic. 5cm section of white, rounded quartzclasts at 227.15. Goodquality core. Unconformity @ 70deg to LCA.

Horizon224.23 : Wall Type : Unconformity

Sharp at 70deg.

Texture- Texture Type : Massive Grain Size : Very Fine Grain:224.23 237.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:224.23 237.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY203.50 204.154072

Page 6 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM169 Units: METRICPM-CB8Proposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY204.15 204.514073204.51 204.674074204.67 204.854075204.85 204.984076204.98 205.244077205.24 205.454078205.45 205.714080205.71 205.834081205.83 206.134082206.13 206.364083206.36 206.774084206.77 207.004085207.00 207.094086207.09 207.414087207.41 207.554089207.55 207.784090207.78 208.004093208.00 208.194094208.19 208.594095208.59 208.684096208.68 208.954097222.66 222.974098222.97 223.124099223.12 223.624100223.62 223.904101223.90 224.244102224.24 224.584103

Sample Type DUP205.24 205.454079207.09 207.414088

Sample Type Blank4091

Sample Type UTS-34092

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

2.00 3.00 1.00 0.74 74.00

3.00 5.91 2.91 2.25 77.32

5.91 9.00 3.09 1.14 36.89

9.00 12.00 3.00 2.06 68.67

- PELE MOUNTAIN RESOURCES

Page 7 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM169 Units: METRICPM-CB8Proposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

12.00 15.00 3.00 2.22 74.00

15.00 18.00 3.00 1.75 58.33

18.00 21.00 3.00 1.88 62.67

21.00 24.00 3.00 2.75 91.67

24.00 27.00 3.00 3.00 100.00

27.00 30.00 3.00 2.77 92.33

30.00 33.00 3.00 1.35 45.00

33.00 36.00 3.00 2.83 94.33

36.00 39.00 3.00 2.58 86.00

39.00 42.00 3.00 3.00 100.00

42.00 45.00 3.00 3.00 100.00

45.00 48.00 3.00 3.00 100.00

48.00 51.00 3.00 2.67 89.00

51.00 54.00 3.00 1.80 60.00

54.00 57.00 3.00 1.92 64.00

57.00 60.00 3.00 3.00 100.00

60.00 63.00 3.00 2.20 73.33

63.00 66.00 3.00 1.90 63.33

66.00 69.00 3.00 1.10 36.67

69.00 72.00 3.00 2.50 83.33

72.00 75.00 3.00 2.48 82.67

75.00 78.00 3.00 2.78 92.67

78.00 81.00 3.00 2.77 92.33

81.00 84.00 3.00 1.70 56.67

84.00 87.00 3.00 2.27 75.67

87.00 90.00 3.00 2.69 89.67

90.00 93.00 3.00 2.80 93.33

93.00 96.00 3.00 2.60 86.67

96.00 99.00 3.00 2.50 83.33

99.00 102.00 3.00 2.92 97.33

102.00 105.00 3.00 2.23 74.33

105.00 108.00 3.00 3.00 100.00

108.00 111.00 3.00 2.54 84.67

Page 8 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM169 Units: METRICPM-CB8Proposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

111.00 114.00 3.00 3.00 100.00

114.00 117.00 3.00 3.00 100.00

117.00 120.00 3.00 1.95 65.00

120.00 123.00 3.00 3.00 100.00

123.00 126.00 3.00 3.00 100.00

126.00 129.00 3.00 2.35 78.33

129.00 132.00 3.00 2.80 93.33

132.00 135.00 3.00 3.00 100.00

135.00 138.00 3.00 2.91 97.00

138.00 141.00 3.00 2.87 95.67

141.00 144.00 3.00 3.00 100.00

144.00 147.00 3.00 3.00 100.00

147.00 150.00 3.00 2.85 95.00

150.00 153.00 3.00 2.83 94.33

153.00 156.00 3.00 3.00 100.00

156.00 159.00 3.00 3.00 100.00

159.00 162.00 3.00 3.00 100.00

162.00 165.00 3.00 3.00 100.00

165.00 168.00 3.00 3.00 100.00

168.00 171.00 3.00 3.00 100.00

171.00 174.00 3.00 1.90 63.33

174.00 177.00 3.00 2.39 79.67

177.00 180.00 3.00 2.86 95.33

180.00 183.00 3.00 3.00 100.00

183.00 186.00 3.00 2.95 98.33

186.00 189.00 3.00 3.00 100.00

189.00 192.00 3.00 3.00 100.00

192.00 195.00 3.00 3.00 100.00

195.00 198.00 3.00 3.00 100.00

198.00 201.00 3.00 3.00 100.00

201.00 204.00 3.00 3.00 100.00

204.00 207.00 3.00 2.93 97.67

207.00 210.00 3.00 3.00 100.00

Page 9 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM169 Units: METRICPM-CB8Proposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

210.00 213.00 3.00 2.36 78.67

213.00 216.00 3.00 2.95 98.33

216.00 219.00 3.00 3.00 100.00

219.00 222.00 3.00 2.30 76.67

222.00 225.00 3.00 2.00 66.67

225.00 228.00 3.00 2.35 78.33

228.00 231.00 3.00 1.60 53.33

231.00 234.00 3.00 3.00 100.00

234.00 237.00 3.00 2.76 92.00

Page 1 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM168 Units: METRICPM CB7Proposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-55.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Feb 16, 2009Date Started:

Date Completed: Feb 18, 2009

Purpose: Infill

3009465

Joubin

Collar Az: 180.00

Length: 202.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5137864.00

East: 381652.00

Elev: 365.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: ~20m north east of CB7

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 2.00 Lithology: Casing30cm argillite rubble then 46cm bedrock - quartzite.

2.00 20.90 Lithology: QuartziteCoarse light grey to white conglomeritic quartzite. Loosely packed quartz pebblesto 1cm and odd maficclast. Slight green hue to core. Occasional white quartz clast to 3cm. Barren.Core is blocky in places.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed Pebble Description : Quartz

:2.00 20.90

Colour- Colour 1 : Grey Colour Tone 1 : Light Colour 2 :

White:2.00 20.90

Structure:6.20 Angle : 45.000 Structure Type : Fracture

minor rust

:8.85 Angle : 25.000 Structure Type : Fracture

:10.12 Angle : 15.000 Structure Type : Fracture

:12.00 Angle : 20.000 Structure Type : Fractureminor rust

:15.00 Thickness Along Core : 1.50core broken into small pieces

Page 2 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM168 Units: METRICPM CB7Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

20.90 26.07 Lithology: QuartziteQuartzite is altered. 24 to 25.23 is a fine grain brownish siltstone. Microfracturing and syenitic lookingsection from 25.23 to 26.05 or contact with the dyke. Slight brecciation. Fewnarrow quartz veins.

Texture- Texture Type : Massive Grain Size : Fine to Medium

Grain:20.90 26.07

Colour- Colour 1 : Grey Colour Tone 1 : Medium Colour

2 : Buff Brown Colour Tone 2 : Medium:20.90 26.07

Structure:25.03 Angle : 85.000 Thickness Along Core : 0.02 Structure

Type : Brecciablack staining on surface of break

26.07 29.92 Lithology: DykeFine to medium grain, dark green to black. Both contacts at 27deg to LCA. Fairlysoft with much chloriteand carbonate. Occasional carbonate - calcite vein. Sections of pyrrhotite andmagnetite. Very disseminated.Tiny mafic clasts and very small calcite clasts. This dyke has altered thesurrounding quartite to a pinkish-orange colour. Very much like a lamprophyre.

Texture- Grain Size : Fine to Medium Grain:26.07 29.92

Colour- Colour 1 : Buff Brown Colour Tone 1 : Dark

Colour 2 : Black:26.07 29.92

Page 3 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM168 Units: METRICPM CB7Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

29.92 63.30 Lithology: QuartziteLower Stinson. Core badly broken with three lamprophyre dykes intruding. Muchof core is altered to apinkish orange colour. Bottom few meters contains a very minor amount ofpyritic banding. Two narrowlamprophyre dykes. Lower contact with Ryan member is marked by alamprophyre sill.

Texture- Texture Type : Fine Bedding:29.92 63.30

Colour- Colour 1 : Grey Colour Tone 1 : Medium Colour

2 : Buff Brown Colour Tone 2 : Medium:29.92 63.30

Alteration- Alt Type : Unknown Pink Alt Intensity : Pervasive

Alt Pct VE : Bleached:29.92 63.30

Much of core is altered.

Structure:29.92 Thickness Along Core : 30.00 Structure Type : Fracture

Fracturing too numerous to tally. Fair bit of alteration and oxidation.

Page 4 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM168 Units: METRICPM CB7Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

63.30 170.19 Lithology: Quartzite 4017 167.25 167.66 0.414018 167.66 167.79 0.134019 167.79 168.56 0.774020 168.56 168.70 0.144022 168.70 168.79 0.094021 168.70 168.92 0.224023 168.92 169.30 0.384024 169.30 169.41 0.114025 169.41 169.53 0.124026 169.53 169.63 0.104027 169.63 169.70 0.074028 169.70 169.81 0.114029 169.81 170.00 0.194030 170.00 170.19 0.19

Ryan member. Green, arkosic quartzite. Very good quality core. Occasionalquartz clast. Numerousfine dark bands of smokey quartz and trace pyrite. Bedding planes at 75deg toLCA. Upper contact withStinson is marked by a 11cm lamprophyyre sill. Occasional PBQZ or QPC bedwith loosely packed pebbles<1cm and trace pyrite begin at 161.5m. Stratigraphic HW MCB begins at ~167.25m. Scattered PBQZto Economic HW. Sampled. Bedding planes 75 to 80deg to LCA near MCB.Quartzite groundmass slightlydarker green down section.

Horizon63.30 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Banding Grain Size : Medium to

Course:63.30 170.19

Colour- Colour 1 : Green Colour Tone 1 : Medium:63.30 170.19

Page 5 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM168 Units: METRICPM CB7Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

170.19 173.74 Lithology: Main Conglomerate Bed 4031 170.19 170.32 0.134032 170.32 170.49 0.174033 170.49 170.65 0.164034 170.65 170.78 0.134035 170.78 171.00 0.224036 170.78 171.00 0.224037 171.00 171.18 0.184038 171.18 171.30 0.124039 171.30 171.46 0.164040 171.46 171.65 0.194041 171.65 171.82 0.174044 171.82 172.07 0.254045 171.82 172.07 0.254046 172.07 172.31 0.244047 172.31 172.47 0.164048 172.47 172.71 0.244049 172.71 173.02 0.314050 173.02 173.17 0.154051 173.17 173.49 0.324052 173.49 173.56 0.074053 173.56 173.64 0.084054 173.64 173.74 0.10

Well defined HW and FW. Medium to well packed QPC with assorted pebbles to3cm. White and smokeyquartz, mafic and occasional chert clast. Two intercalated quartzite beds.Fair detrital pyrite to 15%. Some stringer pyrite near bottom. Good cleancontacts and good quality core.

Horizon170.19 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed Pebble Description : Smokey

:170.19 173.74

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:170.19 173.74

Page 6 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM168 Units: METRICPM CB7Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

173.74 188.61 Lithology: Quartzite 4055 173.74 174.26 0.524056 187.80 188.16 0.364057 188.16 188.32 0.164058 188.32 188.61 0.29

FW quartzite. Massive medium grain. Slightly blocky down section. Darker greencolour to this quartzite.Occasional white quartz clast <1cm. Few floater white quartz pebbles above theBCB.

Horizon173.74 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:173.74 188.61

Colour- Colour 1 : Buff Brown Colour Tone 1 : Medium:173.74 188.61

Structure:180.00 Angle : 10.000 Thickness Along Core : 0.50 Structure

Type : FractureBroken core

:183.40 Thickness Along Core : 0.50 Structure Type : FaultsBroken core

188.61 190.88 Lithology: Basal Conglomerate 4059 188.61 188.81 0.204060 188.81 189.19 0.384061 188.81 189.19 0.384062 189.19 189.33 0.144063 189.33 189.61 0.284064 189.61 189.81 0.204065 189.81 190.08 0.274066 190.08 190.54 0.464067 190.54 190.73 0.194068 190.73 190.88 0.15

Well packed pebble and cobble conglomerate. Assorted pebbles of quartz -smokey, white. mafic.190.08 to 190.74 is a darker green, fine to mediium grain quartzite with fewquartz clasts. The bottomcontact with the volcanics is sharp. The lower 14cm is medium quartzite with fewquartz pebbles, andnumerous tiny mafic clasts in groundmass. Weak pyrite but very highradioactivity. Does not extend intothe basement. Irregular contact at ~60deg to LCA.

Horizon188.61 : Wall Type : Hanging Wall

BCB

Page 7 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM168 Units: METRICPM CB7Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

190.88 202.00 Lithology: Metamorphic Volcanics 4069 190.88 191.56 0.68190.88 to 192.70 - Tuff breccia. First 7cm is a fine grain chloritic basalt. 192.70to bottom is a foliatedcarbonaceous meta basalt breccia. Numerous narrow carbonate veinlets. Fewminor magnetite sections.Foliation is ~ 70 deg to LCA. Few small amygdules down section.

Horizon190.88 : Wall Type : Unconformity

Sharp

Texture- Texture Type : Banding Grain Size : Very Fine Grain:190.88 202.00

Foliated and brecciated.

Colour- Colour 1 : Grey Colour Tone 1 : Light Colour 2 :

Black:190.88 202.00

Grey to 193m. then dark green and black.

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY167.25 167.664017167.66 167.794018167.79 168.564019168.56 168.704020168.70 168.924021168.92 169.304023169.30 169.414024169.41 169.534025169.53 169.634026169.63 169.704027169.70 169.814028169.81 170.004029170.00 170.194030170.19 170.324031170.32 170.494032170.49 170.654033170.65 170.784034170.78 171.004035171.00 171.184037171.18 171.304038171.30 171.464039171.46 171.654040

Page 8 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM168 Units: METRICPM CB7Proposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY171.65 171.824041171.82 172.074044172.07 172.314046172.31 172.474047172.47 172.714048172.71 173.024049173.02 173.174050173.17 173.494051173.49 173.564052173.56 173.644053173.64 173.744054173.74 174.264055187.80 188.164056188.16 188.324057188.32 188.614058188.61 188.814059188.81 189.194060189.19 189.334062189.33 189.614063189.61 189.814064189.81 190.084065190.08 190.544066190.54 190.734067190.73 190.884068190.88 191.564069

Sample Type DUP168.70 168.794022170.78 171.004036171.82 172.074045188.81 189.194061

Sample Type Blank40704042

Sample Type DL-1A4071

Sample Type UTS-34043

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

2.00 4.00 2.00 1.85 92.50

- PELE MOUNTAIN RESOURCES

I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I

I I I I I I

Page 9 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM168 Units: METRICPM CB7Proposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

4.00 7.00 3.00 2.38 79.33

7.00 10.00 3.00 2.84 94.67

10.00 13.00 3.00 2.70 90.00

13.00 16.00 3.00 1.50 50.00

16.00 18.90 2.90 1.42 48.97

18.90 21.85 2.95 1.80 61.02

21.85 24.88 3.03 1.48 48.84

24.88 27.96 3.08 1.50 48.70

27.96 31.00 3.04 0.84 27.63

31.00 34.00 3.00 0.84 28.00

34.00 37.00 3.00 1.54 51.33

37.00 40.00 3.00 1.00 33.33

40.00 43.00 3.00 1.90 63.33

43.00 46.00 3.00 1.72 57.33

46.00 49.00 3.00 1.47 49.00

49.00 52.00 3.00 1.14 38.00

52.00 55.00 3.00 1.51 50.33

55.00 58.00 3.00 2.60 86.67

58.00 61.00 3.00 1.70 56.67

61.00 64.00 3.00 2.50 83.33

64.00 67.00 3.00 2.90 96.67

67.00 70.00 3.00 2.80 93.33

70.00 73.00 3.00 2.77 92.33

73.00 76.00 3.00 3.00 100.00

76.00 79.00 3.00 3.00 100.00

79.00 82.00 3.00 3.00 100.00

82.00 85.00 3.00 2.23 74.33

85.00 88.00 3.00 2.60 86.67

88.00 91.00 3.00 3.00 100.00

91.00 94.00 3.00 3.00 100.00

94.00 97.00 3.00 3.00 100.00

97.00 100.00 3.00 3.00 100.00

100.00 103.00 3.00 3.00 100.00

Page 10 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM168 Units: METRICPM CB7Proposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

103.00 106.00 3.00 3.00 100.00

106.00 109.00 3.00 3.00 100.00

109.00 112.00 3.00 3.00 100.00

112.00 115.00 3.00 3.00 100.00

115.00 118.00 3.00 3.00 100.00

118.00 121.00 3.00 3.00 100.00

121.00 124.00 3.00 3.00 100.00

124.00 127.00 3.00 3.00 100.00

127.00 130.00 3.00 3.00 100.00

130.00 133.00 3.00 3.00 100.00

133.00 136.00 3.00 3.00 100.00

136.00 139.00 3.00 3.00 100.00

139.00 142.00 3.00 3.00 100.00

142.00 145.00 3.00 3.00 100.00

145.00 148.00 3.00 3.00 100.00

148.00 151.00 3.00 3.00 100.00

151.00 154.00 3.00 3.00 100.00

154.00 157.00 3.00 3.00 100.00

157.00 160.00 3.00 3.00 100.00

160.00 163.00 3.00 3.00 100.00

163.00 166.00 3.00 2.28 76.00

166.00 169.00 3.00 2.40 80.00

169.00 172.00 3.00 3.00 100.00

172.00 175.00 3.00 3.00 100.00

175.00 178.00 3.00 3.00 100.00

178.00 181.00 3.00 3.00 100.00

181.00 184.00 3.00 2.10 70.00

184.00 187.00 3.00 3.00 100.00

187.00 190.00 3.00 3.00 100.00

190.00 193.00 3.00 1.60 53.33

193.00 196.00 3.00 1.91 63.67

196.00 199.00 3.00 3.00 100.00

199.00 202.00 3.00 3.00 100.00

Page 1 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM167 Units: METRICPM CB11Proposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-57.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Feb 13, 2009Date Started:

Date Completed: Feb 15, 2009

Purpose: Infill

3009465

Joubin

Collar Az: 180.00

Length: 223.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138116.00

East: 381852.00

Elev: 360.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Hole ~20m east of CB11 - making water.

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 4.50 Lithology: Casing2.5m recovered core - argilliceous greywacke with pieces to 22cm. Minor amountof granite rubble.

4.50 7.60 Lithology: ArgilliteArgilliceous greywacke medium soft and broken into pieces <10cm. Chippylooking with shear planesat 50deg to LCA.

Texture- Texture Type : Massive Grain Size : Very Fine Grain:4.50 7.60

Colour- Colour 1 : Green Colour Tone 1 : Dark:4.50 7.60

7.60 10.00 Lithology: QuartziteStinson member. Very hard siltstone mixed with quartzite and few tiny whitequartz clasts.One bull quartz vein to 2cm. Gradational into lower section.

Horizon7.60 : Wall Type : Hanging Wall

Stinson

Texture- Texture Type : Massive Grain Size : Fine Grain:7.60 10.00

gradational

Colour- Colour 1 : Buff Brown Colour Tone 1 : Medium

Colour 2 : Green Colour Tone 2 : Light:7.60 10.00

Page 2 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM167 Units: METRICPM CB11Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

10.00 28.63 Lithology: QuartziteGood quality core. Entire section is layered with fine pyritic bands ofdisseminated pyrite as stringers.Weakly radioactive. Background is 300 to 325cps - readings to 450cps. 75 to80deg to LCA.

Texture- Texture Type : Fine Bedding Grain Size : Fine to

Medium Grain:10.00 28.63

Colour- Colour 1 : Grey Colour Tone 1 : Medium:10.00 28.63

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Banding:10.00 28.63

28.63 53.63 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium to

Course Rounding : Sub-Rounded Packing :Loosely Packed Pebble Description : Quartz

:28.63 53.63

Colour- Colour 1 : Green Colour Tone 1 : Light:28.63 53.63

53.63 82.28 Lithology: QuartziteFine grain, laminated and layered quartzite. 75 deg to LCA. Slight pink alterationthroughout section.Abrupt contact with Ryan quartzite.Good quality core - slightly blocky. Barren.

Texture- Texture Type : Fine Bedding Grain Size : Fine Grain:53.63 82.28

Colour- Colour 1 : Buff Brown Colour Tone 1 : Light

Colour 2 : Grey Colour Tone 2 : Medium:53.63 82.28

Slight sericitic alteration. Pink alteration.

Page 3 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM167 Units: METRICPM CB11Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

82.28 186.04 Lithology: QuartziteRyan member. Typical green, arkosic quartzite. Few narrow dark pyritic bands incoarse groundmass.Occasional quartz clast. Bedding at ~80deg to LCA. Fairly massive with few PBQZbeds. Ground is verycompetent. Couple narrow lamprophyre sills.

Horizon82.78 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:82.28 183.75

Colour- Colour 1 : Green Colour Tone 1 : Light:82.28 183.75

Structure:142.00 Thickness Along Core : 2.50

Blocky ground

:156.68 Angle : 85.000 Thickness Along Core : 0.02 StructureType : Sill Structure Fill Mat : Lamprophyre Dyke

dark grey - soft:167.87 Angle : 85.000 Thickness Along Core : 0.03 Structure

Type : Shearing Structure Fill Mat : Lamprophyre Dykedark grey - soft

186.04 192.80 Lithology: QuartziteSlightly darker quartzite with 25% PBQZ beds. Loosely packed pebbles to 1cm.White and smokeyclasts and <1% pyrite.

Texture- Texture Type : Bedding Grain Size : Medium to

Course Rounding : Sub-Rounded Packing :Loosely Packed Pebble Description : Quartz

:186.04 192.80

Colour- Colour 1 : Green Colour Tone 1 : Medium:186.04 192.80

Page 4 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM167 Units: METRICPM CB11Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

192.80 193.05 Lithology: Quartzite 3977 192.80 193.05 0.25

Texture- Texture Type : Massive Grain Size : Medium to

Course:192.80 193.05

occasional quartz clast193.05 193.25 Lithology: Quartzite 3978 193.05 193.25 0.20

Texture- Texture Type : Pebble Grain Size : Medium to

Course:193.05 193.25

Few more quartz clasts and dark stringers193.25 193.53 Lithology: Pebble Quartz 3979 193.25 193.53 0.28

Stratigraphic HW MCB

Horizon193.25 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

Weak and loosely packed to Econ. HW

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed Pebble Description : Quartz

:193.25 193.53

Few mafic clasts. 15% pebble content

Mineralization- Min Type : Pyrite Min Texture : Disseminated:193.25 193.53

<1%

193.53 193.76 Lithology: Quartzite 3980 193.53 193.76 0.23

Texture- Texture Type : Pebble Grain Size : Medium to

Course Pebble Description : Quartz:193.53 193.76

occasional white quartz clast193.76 193.95 Lithology: Quartzite 3981 193.76 193.95 0.19

Texture- Texture Type : Massive Grain Size : Medium Grain:193.76 193.95

Colour- Colour 1 : Green Colour Tone 1 : Medium:193.76 193.95

Page 5 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM167 Units: METRICPM CB11Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

193.95 194.18 Lithology: Pebble Quartz 3982 193.95 194.18 0.23

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Pebble Description : Smokey

:193.95 194.18

Mineralization- Min Type : Pyrite Min Texture : Disseminated:193.95 194.18

<1%

194.18 194.52 Lithology: Quartzite 3983 194.18 194.52 0.34

Texture- Texture Type : Massive Grain Size : Medium to

Course:194.18 194.52

Colour- Colour 1 : Green Colour Tone 1 : Medium:194.18 194.52

194.52 194.67 Lithology: Quartzite 3984 194.52 194.67 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):194.52 194.67

Few quartz clasts and dark stringers

194.67 194.82 Lithology: Quartzite 3985 194.67 194.82 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):194.67 194.82

Few quartz clasts

194.82 194.90 Lithology: Pebble Quartz 3986 194.82 194.90 0.08

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely PackedPebble Description : Smokey

:194.82 194.90

<1%

Page 6 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM167 Units: METRICPM CB11Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

194.90 197.10 Lithology: Main Conglomerate Bed 3987 194.90 195.10 0.203988 195.10 195.24 0.143989 195.24 195.43 0.193990 195.43 195.62 0.193991 195.62 195.76 0.143994 195.76 195.98 0.223995 195.98 196.10 0.123996 196.10 196.25 0.153997 196.10 196.25 0.153998 196.25 196.34 0.093999 196.34 196.63 0.294000 196.34 196.63 0.294001 196.63 196.69 0.064002 196.69 196.78 0.094003 196.78 196.92 0.144004 196.92 197.10 0.18

Well packed QPC with assorted clasts to 3cm, some elongated. Mix of smokeyquartz, white quartz, maficand light cherty clasts. Fair detrital pyrite ~ 10 to 15%. Sharp FW contactmarked by very thin, silty, blackcutoff. Good quality core.

Horizon194.90 : Wall Type : Hanging Wall Wall Modifier : Economic

MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked Pebble Description : Smokey

:194.90 197.10

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:194.90 197.10

197.10 197.56 Lithology: Quartzite 4005 197.10 197.58 0.48FW quartzite.

Horizon197.10 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:197.10 197.56

Colour- Colour 1 : Green Colour Tone 1 : Medium:197.10 197.56

197.56 209.85 Lithology: Quartzite 4006 209.26 209.86 0.60FW quartzite. Fairly massive with occasional quartz clast down section. Becomescoarser grain.Colour change down section to a light, then dark grey. Becomes medium graindarker green or grey at ~ 205m- gradational.

Texture- Texture Type : Massive Grain Size : Medium to

Course:197.56 209.85

Occasional quartz clast.

Page 7 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM167 Units: METRICPM CB11Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

209.85 211.45 Lithology: Basal Conglomerate 4007 209.86 209.98 0.124008 209.98 210.40 0.424009 210.40 210.58 0.184010 210.58 210.82 0.244011 210.82 211.00 0.184012 211.00 211.24 0.244013 211.24 211.45 0.21

Couple of well packed sections of cobble conglomerate. Cobbles to 7cm. Graniticlooking at top. Reddishchert at bottom with massive pyrite. Angular. Sharp contact with volcanics.~60deg. Sheared volcanicsbelow unconformity. Groundmass is medium grain, arkosic dark green quartzite.Top 13cm is PBQZ.

Horizon209.85 : Wall Type : Hanging Wall

BCB

Texture- Texture Type : Cobble Grain Size : Cobble Size

(>3cm) Rounding : Sub-Angular Packing : WellPacked Pebble Description : Quartz

:209.85 211.45

211.45 223.00 Lithology: Metamorphic Volcanics 4014 211.45 212.32 0.87Fairly massive chlorite schist. Very fine grain in sections. First meter is shearedand chippy. Core isgenerally quite soft. Partially metabasalt breccia just below the unconformity.More massive downsection with occasional magnetic and carbonate section below 217m. Few tinyamygdules below 220m.

Horizon211.45 : Wall Type : Unconformity

Sharp contact - sheared and broken below into volcanics.

Texture- Texture Type : Semi-massive Grain Size : Very Fine

Grain:211.45 223.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:211.45 223.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY192.80 193.053977193.05 193.253978193.25 193.533979193.53 193.763980193.76 193.953981

Page 8 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM167 Units: METRICPM CB11Proposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY193.95 194.183982194.18 194.523983194.52 194.673984194.67 194.823985194.82 194.903986194.90 195.103987195.10 195.243988195.24 195.433989195.43 195.623990195.62 195.763991195.76 195.983994195.98 196.103995196.10 196.253996196.25 196.343998196.34 196.633999196.63 196.694001196.69 196.784002196.78 196.924003196.92 197.104004197.10 197.584005209.26 209.864006209.86 209.984007209.98 210.404008210.40 210.584009210.58 210.824010210.82 211.004011211.00 211.244012211.24 211.454013211.45 212.324014

Sample Type DUP196.10 196.253997196.34 196.634000

Sample Type Blank40153992

Sample Type DL-1A4016

Sample Type UTS-43993

- PELE MOUNTAIN RESOURCES

Page 9 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM167 Units: METRICPM CB11Proposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

4.50 6.93 2.43 0.63 25.93

6.93 10.00 3.07 2.41 78.50

10.00 13.00 3.00 2.90 96.67

13.00 16.00 3.00 2.80 93.33

16.00 19.00 3.00 3.00 100.00

19.00 22.00 3.00 2.50 83.33

22.00 25.00 3.00 3.00 100.00

25.00 28.00 3.00 3.00 100.00

28.00 31.00 3.00 3.00 100.00

31.00 34.00 3.00 3.00 100.00

34.00 37.00 3.00 2.40 80.00

37.00 40.00 3.00 2.80 93.33

40.00 43.00 3.00 2.85 95.00

43.00 46.00 3.00 2.90 96.67

46.00 49.00 3.00 2.85 95.00

49.00 52.00 3.00 3.00 100.00

52.00 55.00 3.00 2.73 91.00

55.00 58.00 3.00 2.76 92.00

58.00 61.00 3.00 2.70 90.00

61.00 64.00 3.00 2.80 93.33

64.00 67.00 3.00 2.90 96.67

67.00 70.00 3.00 2.48 82.67

70.00 73.00 3.00 2.05 68.33

73.00 76.00 3.00 2.35 78.33

76.00 79.00 3.00 2.44 81.33

79.00 82.00 3.00 1.88 62.67

82.00 85.00 3.00 2.68 89.33

85.00 88.00 3.00 2.88 96.00

88.00 91.00 3.00 2.93 97.67

91.00 94.00 3.00 3.00 100.00

94.00 97.00 3.00 2.92 97.33

97.00 100.00 3.00 3.00 100.00

100.00 103.00 3.00 2.95 98.33

Page 10 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM167 Units: METRICPM CB11Proposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

103.00 106.00 3.00 3.00 100.00

106.00 109.00 3.00 2.87 95.67

109.00 112.00 3.00 2.90 96.67

112.00 115.00 3.00 3.00 100.00

115.00 118.00 3.00 2.60 86.67

118.00 121.00 3.00 3.00 100.00

121.00 124.00 3.00 3.00 100.00

124.00 127.00 3.00 3.00 100.00

127.00 130.00 3.00 3.00 100.00

130.00 133.00 3.00 3.00 100.00

133.00 136.00 3.00 2.80 93.33

136.00 139.00 3.00 3.00 100.00

139.00 142.00 3.00 2.90 96.67

142.00 145.00 3.00 1.30 43.33

145.00 148.00 3.00 3.00 100.00

148.00 151.00 3.00 3.00 100.00

151.00 154.00 3.00 2.92 97.33

154.00 157.00 3.00 2.91 97.00

157.00 160.00 3.00 2.84 94.67

160.00 163.00 3.00 3.00 100.00

163.00 166.00 3.00 2.40 80.00

166.00 169.00 3.00 2.77 92.33

169.00 172.00 3.00 2.86 95.33

172.00 175.00 3.00 2.65 88.33

175.00 178.00 3.00 2.91 97.00

178.00 181.00 3.00 2.65 88.33

181.00 184.00 3.00 3.00 100.00

184.00 187.00 3.00 2.78 92.67

187.00 190.00 3.00 3.00 100.00

190.00 193.00 3.00 2.75 91.67

193.00 196.00 3.00 2.86 95.33

196.00 199.00 3.00 2.88 96.00

199.00 202.00 3.00 2.93 97.67

Page 1 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM166 Units: METRICPM-08-F1Proposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-70.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Nov 12, 2008Date Started:

Date Completed: Nov 12, 2008

Purpose: Exploration

3009485

Joubin

Collar Az: 180.00

Length: 12.17

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Removed

Logged By:

North: 5137878.30

East: 384140.20

Elev: 418.60

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: N

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 2.13 Lithology: QuartziteHole collared on bedrock. No casing. First .6 m a mix of quartzite and floaterPBQZ. Trace pyrite.Two sections of minor oxidation with k-feldspar alteration radiating from rustyfracturing.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:0 2.13

Occasional quartz clast and narrow dark band.

Colour- Colour 1 : Green Colour Tone 1 : Medium:0 2.13

Structure:0.93 Angle : 30.000 Structure Type : Fracture

Rusty

2.13 2.60 Lithology: Quartzite 03892 2.13 2.60 0.47

Texture- Grain Size : Coarse:2.13 2.60

Colour- Colour 1 : Green Colour Tone 1 : Medium:2.13 2.60

Smokey grains in groundmass. Minor orange staining- fracture related.

Page 2 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM166 Units: METRICPM-08-F1Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

2.60 2.93 Lithology: Quartzite 03893 2.60 2.93 0.33

Texture- Grain Size : Coarse:2.60 2.93

Occasional quartz clast.

Colour- Colour 1 : Green:2.60 2.93

Structure:2.92 Angle : 25.000

Rusty

2.93 3.13 Lithology: Quartzite 03894 2.93 3.13 0.20

Texture- Grain Size : Medium to Course:2.93 3.13

Colour- Colour 1 : Green:2.93 3.13

3.13 3.36 Lithology: Quartzite 03895 3.13 3.36 0.23

Texture- Grain Size : Medium to Course:3.13 3.36

Colour- Colour 1 : Green:3.13 3.36

3.36 3.47 Lithology: Quartzite 03896 3.36 3.47 0.11

Texture- Grain Size : Medium Grain:3.36 3.47

Minor k-feldspar grains.

Colour- Colour 1 : Green Colour 2 : Orange Colour

Tone 2 : Light:3.36 3.47

Page 3 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM166 Units: METRICPM-08-F1Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

3.47 3.65 Lithology: Quartz Pebble Conglomerate 03897 3.47 3.65 0.18HW MCB

Horizon3.47 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:3.47 3.65

K-Feldspar clasts.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:3.47 3.65

3.65 3.95 Lithology: Pebble Quartz 03898 3.65 3.95 0.30

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:3.65 3.95

K-feldspar grains.

Mineralization- Min Type : Pyrite:3.65 3.95

<1%

3.95 4.11 Lithology: Quartz Pebble Conglomerate 03899 3.95 4.11 0.16

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:3.95 4.11

Occasional k-feldspar clast.

Mineralization- Min Type : Pyrite:3.95 4.11

<1%

4.11 4.42 Lithology: Quartzite 03900 4.11 4.42 0.31

Texture- Grain Size : Coarse:4.11 4.42

Occasional k-feldspar grain.

Page 4 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM166 Units: METRICPM-08-F1Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

4.42 4.53 Lithology: Quartz Pebble Conglomerate 03901 4.42 4.53 0.11

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:4.42 4.53

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:4.42 4.53

4.53 4.71 Lithology: Quartz Pebble Conglomerate 03902 4.53 4.71 0.1803903 4.53 4.71 0.18Texture

- Texture Type : Pebble Grain Size : Pea Size (<1cm)Rounding : Sub-Rounded Packing : Loosely Packed

:4.53 4.71

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:4.53 4.71

4.71 4.88 Lithology: Quartz Pebble Conglomerate 03904 4.71 4.88 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:4.71 4.88

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:4.71 4.88

4.88 5.19 Lithology: Pebble Quartz 03905 4.88 5.19 0.31

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:4.88 5.19

Mineralization- Min Type : Pyrite:4.88 5.19

<1%

Page 5 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM166 Units: METRICPM-08-F1Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

5.19 5.30 Lithology: Quartz Pebble Conglomerate 03906 5.19 5.30 0.11

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:5.19 5.30

Minor k-feldspar grains.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:5.19 5.30

5.30 5.39 Lithology: Quartzite 03907 5.30 5.39 0.09

Texture- Grain Size : Medium Grain:5.30 5.39

Colour- Colour 1 : Green:5.30 5.39

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:5.30 5.63

5.39 5.63 Lithology: Quartz Pebble Conglomerate 03908 5.39 5.63 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:5.39 5.63

Smokey.5.63 5.78 Lithology: Quartz Pebble Conglomerate 03909 5.63 5.78 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:5.63 5.78

Mineralization- Min Type : Pyrite:5.63 5.78

<1%

Page 6 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM166 Units: METRICPM-08-F1Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

5.78 5.96 Lithology: Quartzite 03910 5.78 5.96 0.18

Texture- Grain Size : Coarse:5.78 5.96

Smokey

Colour- Colour 1 : Green Colour Tone 1 : Medium:5.78 5.96

5.96 6.06 Lithology: Quartz Pebble Conglomerate 03911 5.96 6.06 0.10

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:5.96 6.06

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:5.96 6.06

6.06 6.15 Lithology: Quartz Pebble Conglomerate 03914 6.06 6.15 0.09

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:6.06 6.15

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:6.06 6.15

6.15 6.26 Lithology: Quartz Pebble Conglomerate 03915 6.15 6.26 0.11

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Angular Packing : Loosely Packed:6.15 6.26

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:6.15 6.26

Page 7 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM166 Units: METRICPM-08-F1Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

6.26 6.42 Lithology: Quartz Pebble Conglomerate 03916 6.26 6.42 0.16

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Angular Packing : Medium Packed:6.26 6.42

Smokey grains.

Mineralization- Min Type : Pyrite:6.26 6.42

<1%

6.42 6.71 Lithology: Quartz Pebble Conglomerate 03917 6.42 6.71 0.29

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:6.42 6.71

Smokey.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:6.42 6.71

Slightly pitted.

6.71 6.92 Lithology: Quartz Pebble Conglomerate 03918 6.71 6.92 0.21FW MCB. Slightly oxidized contact.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:6.71 6.92

Smokey, chert, striated pebbles. Light green cement.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:6.71 6.92

Pyrite is pitted.

Page 8 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM166 Units: METRICPM-08-F1Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

6.92 7.25 Lithology: Quartzite 03919 6.92 7.25 0.33Slight oxidation at contact and fine grain quartzite looks bleached- light greenishyellow.

Horizon6.92 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Massive Grain Size : Fine Grain:6.92 7.25

Colour- Colour 1 : Green Colour Tone 1 : Light Colour 2

: Yellow Colour Tone 2 : Light:6.92 7.25

7.25 12.17 Lithology: QuartziteThree sections of orange staining and k-feldspar alteration.

Texture- Grain Size : Medium to Course:7.25 12.17

Colour- Colour 1 : Green Colour Tone 1 : Medium:7.25 12.17

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY2.13 2.60038922.60 2.93038932.93 3.13038943.13 3.36038953.36 3.47038963.47 3.65038973.65 3.95038983.95 4.11038994.11 4.42039004.42 4.53039014.53 4.71039024.71 4.88039044.88 5.19039055.19 5.30039065.30 5.3903907

Page 9 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM166 Units: METRICPM-08-F1Proposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY5.39 5.63039085.63 5.78039095.78 5.96039105.96 6.06039116.06 6.15039146.15 6.26039156.26 6.42039166.42 6.71039176.71 6.92039186.92 7.2503919

Sample Type DUP4.53 4.7103903

Sample Type Blank03912

Sample Type UTS-303913

- PELE MOUNTAIN RESOURCES

Page 1 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM165 Units: METRICPM-08-L1Proposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-70.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Nov 12, 2008Date Started:

Date Completed: Nov 12, 2008

Purpose: Exploration

3009485

Joubin

Collar Az: 180.00

Length: 24.50

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Removed

Logged By:

North: 5137783.30

East: 383951.80

Elev: 398.40

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: N

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 0.58 Lithology: Quartzite 03864 0.00 0.58 0.58Hole collared on bedrock.

Texture- Texture Type : Bedding Grain Size : Medium Grain:0 0.58

Few dark stringers and pea-sized quartz clasts.

Colour- Colour 1 : Green Colour Tone 1 : Light:0 0.58

0.58 0.94 Lithology: Quartzite 03865 0.58 0.94 0.36

Texture- Grain Size : Medium to Course:0.58 0.94

Slight mottled look.

Colour- Colour 1 : Green Colour Tone 1 : Light:0.58 0.94

Structure:0.58 Angle : 70.000 Structure Type : Fracture

Rusty with 1cm staining.

:0.89 Angle : 50.000 Structure Type : FractureRusty and stained -1cm.

0.94 1.28 Lithology: Pebble Quartz 03866 0.94 1.28 0.34

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:0.94 1.28

Page 2 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM165 Units: METRICPM-08-L1Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

1.28 1.59 Lithology: Quartz Pebble Conglomerate 03867 1.28 1.59 0.31Stratigraphic HW MCB

Horizon1.28 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:1.28 1.59

Occasional k-feldspar clast.

Mineralization- Min Type : Pyrite:1.28 1.59

<1%

1.59 1.89 Lithology: Quartzite 03868 1.59 1.89 0.30

Texture- Grain Size : Medium to Course:1.59 1.89

Smokey with few dark stringers.

Colour- Colour 1 : Green Colour Tone 1 : Medium:1.59 1.89

1.89 2.01 Lithology: Pebble Quartz 03869 1.89 2.01 0.12

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:1.89 2.01

Smokey grains and light green sericitic cement.

Mineralization- Min Type : Pyrite:1.89 2.01

<1%

2.01 2.24 Lithology: Quartzite 03870 2.01 2.24 0.23

Texture- Grain Size : Medium Grain:2.01 2.24

Colour- Colour 1 : Green Colour Tone 1 : Light:2.01 2.24

Page 3 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM165 Units: METRICPM-08-L1Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

2.24 2.48 Lithology: Pebble Quartz 03871 2.24 2.48 0.24

Texture- Texture Type : Ophitic Grain Size : Pea Size (<1cm)

Rounding : Sub-Angular Packing : Loosely Packed:2.24 2.48

Light green sericitic cement.2.48 2.57 Lithology: Pebble Quartz 03872 2.48 2.57 0.09

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):2.48 2.57

Smokey

Mineralization- Min Type : Pyrite:2.48 2.57

<1%

2.57 2.69 Lithology: Pebble Quartz 03873 2.57 2.69 0.12

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:2.57 2.69

Mineralization- Min Type : Pyrite:2.57 2.69

<1%

2.69 2.89 Lithology: Quartz Pebble Conglomerate 03874 2.69 2.89 0.20Economic HW MCB

Horizon2.69 : Wall Type : Hanging Wall Wall Modifier : Economic

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:2.69 2.89

Assorted pebbles of chert and quartz.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:2.69 2.89

Light matrix.

2.89 3.06 Lithology: Pebble Quartz 03875 2.89 3.06 0.17

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):2.89 3.06

Light bleached looking groundmass.

Page 4 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM165 Units: METRICPM-08-L1Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

3.06 3.28 Lithology: Quartz Pebble Conglomerate 03876 3.06 3.28 0.22

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:3.06 3.28

Light green goundmass-bleached.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:3.06 3.28

3.28 3.40 Lithology: Quartz Pebble Conglomerate 03877 3.28 3.40 0.1203878 3.28 3.40 0.12Texture

- Texture Type : Pebble Grain Size : Pea Size (<1cm)Rounding : Sub-Angular Packing : Loosely Packed

:3.28 3.40

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:3.28 3.40

3.40 3.55 Lithology: Quartz Pebble Conglomerate 03879 3.40 3.55 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed:3.40 3.55

Occasional k-feldspar clast.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Disseminated:3.40 3.55

3.55 3.66 Lithology: Pebble Quartz 03880 3.55 3.66 0.11

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):3.55 3.66

Smokey grains.

Mineralization- Min Type : Pyrite:3.55 3.66

<1%

Page 5 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM165 Units: METRICPM-08-L1Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

3.66 3.81 Lithology: Quartz Pebble Conglomerate 03881 3.66 3.81 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:3.66 3.81

Light green matrix.

Mineralization- Min Type : Pyrite:3.66 3.81

<1%

3.81 3.99 Lithology: Quartz Pebble Conglomerate 03882 3.81 3.99 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:3.81 3.99

Light green cement.

Mineralization- Min Type : Pyrite:3.81 3.99

<1%

3.99 4.06 Lithology: Quartzite 03883 3.99 4.06 0.07

Texture- Grain Size : Medium to Course:3.99 4.06

Bleached look.

4.06 4.23 Lithology: Quartzite 03884 4.06 4.23 0.17As 03883

4.23 4.49 Lithology: Quartz Pebble Conglomerate 03885 4.23 4.49 0.26

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:4.23 4.49

Bleached look.

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:4.23 4.49

Page 6 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM165 Units: METRICPM-08-L1Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

4.49 4.78 Lithology: Pebble Quartz 03886 4.49 4.78 0.29

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:4.49 4.78

Bleached look.

Mineralization- Min Type : Pyrite:4.49 4.78

<1%

4.78 4.90 Lithology: Pebble Quartz 03887 4.78 4.90 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:4.78 4.90

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:4.78 5.03

4.90 5.03 Lithology: Quartz Pebble Conglomerate 03888 4.90 5.03 0.13FW MCB.Sharp contact. Slightly oxidized. Faint pitting.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:4.90 5.03

5.03 5.51 Lithology: Quartzite 03889 5.03 5.51 0.48

Horizon5.03 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Massive Grain Size : Fine to Medium

Grain:5.03 5.51

Slightly oxidized near FW.

Colour- Colour 1 : Green Colour Tone 1 : Light:5.03 5.51

Page 7 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM165 Units: METRICPM-08-L1Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

5.51 15.63 Lithology: QuartziteSome minor oxication. Core slightly blocky. Occasional siltstone bleached bed.

Texture- Texture Type : Massive Grain Size : Medium Grain:5.51 15.63

Colour- Colour 1 : Green Colour Tone 1 : Medium:5.51 15.63

Structure:10.64 Angle : 85.000 Thickness Along Core : 0.10 Structure

Type : SillSiltstone.

15.63 19.68 Lithology: QuartziteIncreasingly darker and impure quartzite down hole.

Texture- Texture Type : Massive Grain Size : Medium to

Course:15.63 19.68

Occasional quartz clast. Faint bedding.

Colour- Colour 1 : Buff Brown Colour Tone 1 : Medium

Colour 2 : Green Colour Tone 2 : Dark:15.63 19.68

Structure:19.45 Angle : 40.000 Thickness Along Core : 0.60 Structure

Type : BrecciaBull quartz angular fragments and semi-massive pyrite.

19.68 24.50 Lithology: Metamorphic VolcanicsSharp contact at unconformity - clean (70deg to LCA)Core chippy at .5m below unconformity. Some oxidation in fractures. (rustysurfaces)

Horizon19.68 :

Unconformity.

Texture- Texture Type : Massive Grain Size : Very Fine Grain:19.68 24.50

Chloritic basalt. No carbonate. Not magnetic.

Page 8 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM165 Units: METRICPM-08-L1Proposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY0 0.5803864

0.58 0.94038650.94 1.28038661.28 1.59038671.59 1.89038681.89 2.01038692.01 2.24038702.24 2.48038712.48 2.57038722.57 2.69038732.69 2.89038742.89 3.06038753.06 3.28038763.28 3.40038773.40 3.55038793.55 3.66038803.66 3.81038813.81 3.99038823.99 4.06038834.06 4.23038844.23 4.49038854.49 4.78038864.78 4.90038874.90 5.03038885.03 5.5103889

Sample Type DUP3.28 3.4003878

Sample Type Blank03890

Sample Type UTS-303891

- PELE MOUNTAIN RESOURCES

Page 1 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM164 Units: METRICPM-08-KaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-74.50Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Nov 10, 2008Date Started:

Date Completed: Nov 13, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 290.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138586.00

East: 383832.00

Elev: 363.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 32.00 Lithology: CasingGranite, argillite boulders and rubble. 4m recovered.

32.00 52.60 Lithology: Ramsey Lake ConglomerateRLC to 41m then into greywacke/quartzite mix. Massive.

Texture- Texture Type : Intercalated Grain Size : Fine Grain:32.00 52.60

Occasional quartz and granite pebble, some to 4cm and angular orelongated.

Colour- Colour 1 : Black Colour 2 : Grey Colour Tone 2

: Dark:32.00 52.00

- Colour 1 : Black Colour 2 : Grey Colour Tone 2: Dark

:52.00 89.00

52.60 89.00 Lithology: ArgilliteGreywacke/argillite mix. Intercalated especially down the section. Argillitepredominantly at bottom.

Texture- Texture Type : Intercalated Grain Size : Very Fine

Grain:52.60 89.00

Structure:71.80 Angle : 45.000 Thickness Along Core : 0.10 Structure

Type : VeinsBull quartz.

Page 2 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM164 Units: METRICPM-08-KaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

89.00 90.50 Lithology: QuartziteGradational into Stinson grey quartzite.

Horizon89.00 : Wall Type : Hanging Wall

Stinson

Texture- Texture Type : Massive Grain Size : Very Fine Grain:89.00 90.50

Colour- Colour 1 : Grey Colour Tone 1 : Medium:89.00 90.50

90.50 122.00 Lithology: QuartziteSection of pebble quartz 113 to 121m. - White quartz to 2cm - loosely packed.

Texture- Texture Type : Banding Grain Size : Fine Grain:90.50 122.00

Fine layering and banding. 85deg to LCA.

Colour- Colour 1 : Grey Colour Tone 1 : Light:90.50 122.00

122.00 161.00 Lithology: Quartzite~ 75 % of core broken. Assorted fracturing and blocky ground. Few high anglefractures.Core not oxidized but altered to pinkish-orange colour for the most part. Fewnarrow siltstone beds.No major feature to explain broken core.

Texture- Texture Type : Fine Bedding Grain Size : Fine Grain:122.00 161.00

Colour- Colour 1 : Grey Colour Tone 1 : Light:122.00 161.00

Alteration- Alt Type : Unknown Pink Alt Pct VE : 50 Alt

Intensity : Weak Alt Pct VE : Pervasive:122.00 161.00

Orange hue.

Page 3 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM164 Units: METRICPM-08-KaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

161.00 193.40 Lithology: QuartzitePredominantly quartz pebble conglomerate. White quartz pebbles to 2cm in lightgrey to white coarsematrix. Very weak sericitic alteration in groundmass. No min.Faint pyritic banding and/or dark banding at beginning of section.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed Supported : Matrix Supported

:161.00 193.40

Sharp, distinct contact with green quartzite.

Colour- Colour 1 : Grey Colour Tone 1 : Light:161.00 193.40

193.40 267.86 Lithology: QuartziteTypical massive green arkosic quartzite.Numerous narrow dark bands of smokey quartz grains and trace pyrite.Increase in weak floater beds down section. Bedding @ 80 to 85deg to LCA.

Horizon193.40 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:193.40 267.86

Colour- Colour 1 : Green Colour Tone 1 : Medium:193.40 267.86

267.86 268.12 Lithology: Quartzite 03843 267.86 268.12 0.26

Texture- Texture Type : Fine Bedding Grain Size : Medium to

Course:267.86 268.12

Colour- Colour 1 : Green Colour Tone 1 : Medium:267.86 268.12

268.12 268.36 Lithology: Quartzite 03844 268.12 268.36 0.24

Texture- Grain Size : Medium to Course:268.12 268.36

Occasional quartz clasts and few dark stringers.

Page 4 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM164 Units: METRICPM-08-KaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

268.36 268.63 Lithology: Pebble Quartz 03845 268.36 268.63 0.27

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):268.36 268.63

Few dark stringers.

268.63 268.80 Lithology: Pebble Quartz 03846 268.63 268.80 0.17As 03845

268.80 268.92 Lithology: Quartzite 03847 268.80 268.92 0.12

Texture- Grain Size : Medium to Course:268.80 268.92

Colour- Colour 1 : Green Colour Tone 1 : Medium:268.80 268.92

268.92 269.12 Lithology: Quartz Pebble Conglomerate 03848 268.92 269.12 0.20

Horizon268.92 : Wall Type : Hanging Wall

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular:268.92 269.12

Smokey

Mineralization- Min Type : Pyrite:268.92 269.12

<1%

269.12 269.40 Lithology: Quartzite 03849 269.12 269.40 0.28

Texture- Grain Size : Medium to Course:269.12 269.40

Colour- Colour 1 : Green Colour Tone 1 : Medium:269.12 269.40

Page 5 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM164 Units: METRICPM-08-KaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

269.40 269.64 Lithology: Quartz Pebble Conglomerate 03850 269.40 269.64 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:269.40 269.64

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:269.40 269.64

269.64 269.75 Lithology: Quartz Pebble Conglomerate 03851 269.64 269.75 0.11

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:269.64 269.75

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:269.64 269.75

269.75 270.00 Lithology: Quartzite 03852 269.75 270.00 0.25

Texture- Grain Size : Medium to Course:269.75 270.00

Colour- Colour 1 : Green:269.75 270.00

Structure:269.84 Angle : 15.000 Thickness Along Core : 0.02 Structure

Type : VeinsQuartz - carbonate.

270.00 270.18 Lithology: Quartz Pebble Conglomerate 03853 270.00 270.18 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:270.00 270.18

Mineralization- Min Type : Pyrite:270.00 270.18

<1%

Page 6 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM164 Units: METRICPM-08-KaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

270.18 270.33 Lithology: Quartz Pebble Conglomerate 03854 270.18 270.33 0.1503855 270.18 270.33 0.15Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:270.18 270.33

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:270.18 270.33

270.33 270.52 Lithology: Quartz Pebble Conglomerate 03856 270.33 270.52 0.19

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:270.33 270.52

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Detrital:270.33 270.52

270.52 270.67 Lithology: Quartz Pebble Conglomerate 03857 270.52 270.67 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:270.52 270.67

Smokey and striated pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Detrital:270.52 270.67

270.67 270.97 Lithology: Quartzite 03858 270.67 270.97 0.30

Texture- Grain Size : Medium to Course:270.67 270.97

Few quartz clasts.

Colour- Colour 1 : Green Colour Tone 1 : Medium:270.67 270.97

Page 7 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM164 Units: METRICPM-08-KaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

270.97 271.25 Lithology: Quartz Pebble Conglomerate 03859 270.97 271.25 0.28FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Crushed

:270.97 271.25

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:270.97 271.25

Minor chalcopyrite.

271.25 271.37 Lithology: Quartzite 03862 271.25 271.37 0.12

Horizon271.25 : Wall Type : Foot Wall

Texture- Grain Size : Medium Grain:271.25 271.37

Few quartz clasts.

271.37 271.92 Lithology: Quartzite 03863 271.37 271.92 0.55

Texture- Texture Type : Bedding Grain Size : Medium to

Course:271.37 271.92

Few fine grain beds.271.92 283.00 Lithology: Quartzite

Few very narrow dark pyritic bands. Occasional quartz clast. Finer grain tobottom.Slightly darker green down section.

Texture- Texture Type : Semi-massive Grain Size : Medium to

Course:271.92 283.00

Colour- Colour 1 : Green Colour Tone 1 : Medium:271.92 283.00

Page 8 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM164 Units: METRICPM-08-KaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

283.00 283.37 Lithology: Quartzite

Texture- Texture Type : Fine Bedding Grain Size : Fine Grain:283.00 283.37

Colour- Colour 1 : Green Colour Tone 1 : Dark:283.00 283.37

Mineralization- Min Type : Pyrite:283.00 283.37

Fine disseminated pyrite.

283.37 283.50 Lithology: Quartz Pebble ConglomerateQuartz pebbles in paleosoil matrix. Sharp contact at unconformity but few cm ofbroken grey mud breccia.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:283.37 283.50

White quartz with some k-felspar alteation. Fine pyrite.283.50 290.00 Lithology: Metamorphic Volcanics

Masive basalt.Much carbonate in groundmass @ 286.7m - slightly magnetic.15cm broken core at unconformity. Quartz carbonate veining.Some chlorite schist.

Horizon283.50 : Wall Type : Unconformity

Unconformity

Texture- Texture Type : Massive Grain Size : Very Fine Grain:283.50 290.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:283.50 290.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY267.86 268.1203843268.12 268.3603844268.36 268.6303845

Page 9 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM164 Units: METRICPM-08-KaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY268.63 268.8003846268.80 268.9203847268.92 269.1203848269.12 269.4003849269.40 269.6403850269.64 269.7503851269.75 270.0003852270.00 270.1803853270.18 270.3303854270.33 270.5203856270.52 270.6703857270.67 270.9703858270.97 271.2503859271.25 271.3703862271.37 271.9203863

Sample Type DUP270.18 270.3303855

Sample Type Blank03860

Sample Type UTS-403861

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

32.00 35.00 3.00 1.63 54.33 3.00 100.00

35.00 38.00 3.00 2.20 73.33 3.00 100.00

38.00 41.00 3.00 2.50 83.33 3.00 100.00

41.00 44.00 3.00 1.77 59.00 3.00 100.00

44.00 47.00 3.00 0.86 28.67 3.00 100.00

47.00 50.00 3.00 1.33 44.33 3.00 100.00

50.00 53.00 3.00 2.80 93.33 3.00 100.00

53.00 56.00 3.00 2.07 69.00 3.00 100.00

56.00 59.00 3.00 1.97 65.67 3.00 100.00

59.00 62.00 3.00 2.02 67.33 3.00 100.00

62.00 65.00 3.00 2.29 76.33 3.00 100.00

65.00 68.00 3.00 2.62 87.33 3.00 100.00

68.00 71.00 3.00 1.82 60.67 3.00 100.00

Page 10 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM164 Units: METRICPM-08-KaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

71.00 74.00 3.00 1.80 60.00 3.00 100.00

74.00 77.00 3.00 2.70 90.00 3.00 100.00

77.00 80.00 3.00 1.98 66.00 3.00 100.00

80.00 83.00 3.00 1.78 59.33 3.00 100.00

83.00 86.00 3.00 1.66 55.33 3.00 100.00

86.00 89.00 3.00 1.52 50.67 3.00 100.00

89.00 92.00 3.00 3.00 100.00 3.00 100.00

92.00 95.00 3.00 3.00 100.00 3.00 100.00

95.00 98.00 3.00 2.74 91.33 3.00 100.00

98.00 101.00 3.00 2.77 92.33 3.00 100.00

101.00 104.00 3.00 2.95 98.33 3.00 100.00

104.00 107.00 3.00 2.95 98.33 3.00 100.00

107.00 110.00 3.00 2.30 76.67 3.00 100.00

110.00 113.00 3.00 2.60 86.67 3.00 100.00

113.00 116.00 3.00 2.65 88.33 3.00 100.00

116.00 119.00 3.00 3.00 100.00 3.00 100.00

119.00 122.00 3.00 2.93 97.67 3.00 100.00

122.00 125.00 3.00 2.45 81.67 3.00 100.00

125.00 128.00 3.00 0.88 29.33 3.00 100.00

128.00 131.00 3.00 1.26 42.00 3.00 100.00

131.00 134.00 3.00 1.46 48.67 3.00 100.00

134.00 137.00 3.00 3.00 100.00 3.00 100.00

137.00 140.00 3.00 0.37 12.33 3.00 100.00

140.00 143.00 3.00 0.38 12.67 3.00 100.00

143.00 146.00 3.00 1.70 56.67 3.00 100.00

146.00 149.00 3.00 1.29 43.00 3.00 100.00

149.00 152.00 3.00 1.58 52.67 3.00 100.00

152.00 155.00 3.00 0.50 16.67 3.00 100.00

155.00 158.00 3.00 2.09 69.67 3.00 100.00

158.00 161.00 3.00 2.30 76.67 3.00 100.00

161.00 164.00 3.00 3.00 100.00 3.00 100.00

164.00 167.00 3.00 3.00 100.00 3.00 100.00

167.00 170.00 3.00 1.50 50.00 3.00 100.00

Page 11 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM164 Units: METRICPM-08-KaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

170.00 173.00 3.00 2.26 75.33 3.00 100.00

173.00 176.00 3.00 3.00 100.00 3.00 100.00

176.00 179.00 3.00 2.40 80.00 3.00 100.00

179.00 182.00 3.00 2.74 91.33 3.00 100.00

182.00 185.00 3.00 2.97 99.00 3.00 100.00

185.00 188.00 3.00 3.00 100.00 3.00 100.00

188.00 191.00 3.00 3.00 100.00 3.00 100.00

191.00 194.00 3.00 2.44 81.33 3.00 100.00

194.00 197.00 3.00 3.00 100.00 3.00 100.00

197.00 200.00 3.00 3.00 100.00 3.00 100.00

200.00 203.00 3.00 3.00 100.00 3.00 100.00

203.00 206.00 3.00 3.00 100.00 3.00 100.00

206.00 209.00 3.00 3.00 100.00 3.00 100.00

209.00 212.00 3.00 3.00 100.00 3.00 100.00

212.00 215.00 3.00 2.97 99.00 3.00 100.00

215.00 218.00 3.00 3.00 100.00 3.00 100.00

218.00 221.00 3.00 3.00 100.00 3.00 100.00

221.00 224.00 3.00 2.37 79.00 3.00 100.00

224.00 227.00 3.00 3.00 100.00 3.00 100.00

227.00 230.00 3.00 3.00 100.00 3.00 100.00

230.00 233.00 3.00 3.00 100.00 3.00 100.00

233.00 236.00 3.00 3.00 100.00 3.00 100.00

236.00 239.00 3.00 3.00 100.00 3.00 100.00

239.00 242.00 3.00 3.00 100.00 3.00 100.00

242.00 245.00 3.00 3.00 100.00 3.00 100.00

245.00 248.00 3.00 3.00 100.00 3.00 100.00

248.00 251.00 3.00 3.00 100.00 3.00 100.00

251.00 254.00 3.00 3.00 100.00 3.00 100.00

254.00 257.00 3.00 3.00 100.00 3.00 100.00

257.00 260.00 3.00 3.00 100.00 3.00 100.00

260.00 263.00 3.00 3.00 100.00 3.00 100.00

263.00 266.00 3.00 3.00 100.00 3.00 100.00

266.00 269.00 3.00 3.00 100.00 3.00 100.00

Page 12 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM164 Units: METRICPM-08-KaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

269.00 272.00 3.00 3.00 100.00 3.00 100.00

272.00 275.00 3.00 3.00 100.00 3.00 100.00

275.00 278.00 3.00 3.00 100.00 3.00 100.00

278.00 281.00 3.00 3.00 100.00 3.00 100.00

281.00 284.00 3.00 2.40 80.00 3.00 100.00

284.00 287.00 3.00 2.20 73.33 3.00 100.00

287.00 290.00 3.00 2.70 90.00 3.00 100.00

Page 1 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM163 Units: METRICPM-08-ZaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

90.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Nov 09, 2008Date Started:

Date Completed: Nov 11, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 180.00

Length: 164.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138066.00

East: 383703.00

Elev: 383.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 8.00 Lithology: CasingGranite & argillite rubble.

Page 2 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM163 Units: METRICPM-08-ZaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

8.00 69.66 Lithology: QuartziteStinson. Most of core is broken or altered. South side of diabase dyke.Particularily closer to dyke intersection. Brecciated or pegmatitic texture in part.Orange/pink alteration.Extensive. Few siltstone beds. 3 0r 4 narrow dyklets from 52m to 61 m - 35degto LCA.Also causing the the pegmatitic texture.

Texture- Texture Type : Mottled Grain Size : Medium to

Course:8.00 69.66

Occasional quartz pebble section. Grey groundmass.

Colour- Colour 1 : Grey Colour Mode 1 : Blotchy Colour

Tone 1 : Medium Colour 2 : Orange Colour Mode2 : Uniform Colour Tone 2 : Light

:8.00 69.66

Also pinkish hue.

Alteration- Alt Type : K-Feldspar Alt Pct VE : 75 Alt Intensity

: Strong Alt Pct VE : Pervasive:8.00 69.66

Much orange/pink alteration.

Structure:17.20 Angle : 5.000 Structure Type : Fracture

Rusty

:19.00 Angle : 5.000 Structure Type : FractureRusty

:32.00 Angle : 25.000 Thickness Along Core : 0.06 StructureType : Mudseam Structure Fill Mat : Breccia

Mud with shards. Light coloured.:45.10 Angle : 30.000 Thickness Along Core : 0.02 Structure

Type : Dyke Structure Fill Mat : Dykemafic-very fine grain.

:46.10 Angle : 40.000 Thickness Along Core : 0.07 StructureType : Mudseam Structure Fill Mat : Breccia

Darker mud.:52.00 Angle : 25.000 Thickness Along Core : 0.12 Structure

Type : Dyke Structure Fill Mat : Dyke

:52.33 Angle : 35.000 Thickness Along Core : 0.05 StructureType : Dyke Structure Fill Mat : Dyke

Page 3 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM163 Units: METRICPM-08-ZaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

Structure:54.30 Angle : 45.000 Thickness Along Core : 0.09 Structure

Type : Dyke Structure Fill Mat : Dyke

:57.45 Angle : 25.000 Thickness Along Core : 0.03 StructureType : Dyke Structure Fill Mat : Dyke

69.66 90.20 Lithology: Diabase DykeContacts not broken and are very sharp. HW contact @ 15deg to LCA. FWcontact @ 89deg to LCA.Fine grain first 5m. At the bottom the last 1m is fine grain. Slightly magnetic.

Texture- Texture Type : Massive Grain Size : Fine to Medium

Grain:69.66 90.20

Typical diabase texture with tiny white phenocrysts.

Colour- Colour 1 : Green Colour Tone 1 : Dark:69.66 90.20

90.20 124.17 Lithology: QuartziteNot typical Ryan green quartzite. Less sericitic alteration and quartzite is moregrey.Bedding @ 75 to 80 deg to LCA

Horizon90.20 : Wall Type : Hanging Wall

Ryan - not typical green quartzite

Texture- Texture Type : Bedding Grain Size : Medium to

Course:90.20 124.17

Occasional quartz clast. Occasional floate bed. Few fine grain sections.Increase in K-feldspar grains.

Colour- Colour 1 : Grey Colour Mode 1 : Uniform Colour

Tone 1 : Medium Colour 2 : Green Colour Tone2 : Light

:90.20 124.17

Page 4 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM163 Units: METRICPM-08-ZaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

124.17 126.00 Lithology: DykeMafic dyke with much carbonate in groundmass. Broken inside. Contacts intact.Quartzcarbonate veining. Contacts @ 35deg to LCA.

Texture- Texture Type : Semi-massive Grain Size : Very Fine

Grain:124.17 126.00

Colour- Colour 1 : Black:124.17 126.00

126.00 135.45 Lithology: QuartziteIncrease in floater beds - 8 beds 5 to 17cm wide. Loosely packed with tracepyrite. Pebbles pea-size.Less sericite alteration and looking more grey.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:126.00 135.45

Gritty with 8 floater beds of loosely packed pebbles to 1cm. Trace pyrite.135.45 138.32 Lithology: Quartzite

As above with few flaoter beds. Better pyrite in some - detrital.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:135.45 138.32

Pebles angular to 1cm - some smokey and blueish.

Colour- Colour 1 : Green Colour Tone 1 : Medium:135.45 138.32

Structure:136.66 Angle : 22.000 Thickness Along Core : 0.02 Structure

Type : Faults Structure Fill Mat : MudMud and breccia infill - strong. Bedding 70 to 75 deg to LCA.

:136.78 Angle : 25.000 Thickness Along Core : 0.03 StructureType : Gouge Structure Fill Mat : Breccia

Minor mud filling - strong fracture.

Page 5 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM163 Units: METRICPM-08-ZaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

138.32 138.59 Lithology: Quartzite 03817 138.32 138.59 0.27

Texture- Grain Size : Medium to Course:138.32 138.59

Colour- Colour 1 : Green:138.32 138.59

138.59 138.85 Lithology: Quartzite 03818 138.59 138.85 0.26As 03818

138.85 139.25 Lithology: Quartzite 03819 138.85 139.25 0.40

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:138.85 139.25

Few quartz clasts.

Structure:139.00 Angle : 15.000 Structure Type : Fracture

Unknown dark coating.

139.25 139.53 Lithology: Pebble Quartz 03820 139.25 139.53 0.28

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:139.25 139.53

Mineralization- Min Type : Pyrite:139.25 139.53

<1%

139.53 139.76 Lithology: Quartzite 03821 139.53 139.76 0.23

Texture- Grain Size : Medium Grain:139.53 139.76

Few white quartz clasts.

Page 6 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM163 Units: METRICPM-08-ZaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

139.76 140.05 Lithology: Quartzite 03823 139.76 140.05 0.29

Texture- Grain Size : Medium Grain:139.76 140.05

Colour- Colour 1 : Green:139.76 140.05

Structure:139.80 Angle : 15.000 Structure Type : Fracture

Unknown dark coating.

140.05 140.36 Lithology: Quartzite 03824 140.05 140.36 0.31

Horizon140.05 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

HW MCB

Texture- Grain Size : Medium to Course:140.05 140.36

Few quartz clasts and dark bands.

Colour- Colour 1 : Green Colour Tone 1 : Medium:140.05 140.36

Structure:140.23 Angle : 35.000 Structure Type : Breccia Structure Fill

Mat : BrecciaBroken - 2cm

140.36 140.48 Lithology: Quartz Pebble Conglomerate 03825 140.36 140.48 0.12HW MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:140.36 140.48

Mineralization- Min Type : Pyrite:140.36 140.48

<1%

Page 7 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM163 Units: METRICPM-08-ZaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

140.48 140.66 Lithology: Quartzite 03826 140.48 140.66 0.18

Texture- Grain Size : Coarse:140.48 140.66

Colour- Colour 1 : Green:140.48 140.66

140.66 140.85 Lithology: Quartz Pebble Conglomerate 03827 140.66 140.85 0.19

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Angular Packing : Loosely Packed:140.66 140.85

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:140.66 140.85

140.85 141.08 Lithology: Quartz Pebble Conglomerate 03828 140.85 141.08 0.23

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed

:140.85 141.08

Sericitic shards, smokey clasts.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:140.85 141.08

141.08 141.31 Lithology: Quartz Pebble Conglomerate 03829 141.08 141.31 0.23

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:141.08 141.31

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:141.08 141.31

Page 8 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM163 Units: METRICPM-08-ZaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

141.31 141.48 Lithology: Quartz Pebble Conglomerate 03830 141.31 141.48 0.17

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:141.31 141.48

Mineralization- Min Type : Pyrite:141.31 141.48

<1%

141.48 141.62 Lithology: Pebble Quartz 03831 141.48 141.62 0.14

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:141.48 141.62

Mineralization- Min Type : Pyrite:141.48 141.62

<1%

141.62 141.75 Lithology: Quartz Pebble Conglomerate 03832 141.62 141.75 0.13

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:141.62 141.75

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:141.62 141.75

141.75 141.90 Lithology: Pebble Quartz 03833 141.75 141.90 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:141.75 141.90

Mineralization- Min Type : Pyrite:141.75 141.90

<1%

Page 9 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM163 Units: METRICPM-08-ZaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

141.90 142.09 Lithology: Quartz Pebble Conglomerate 03834 141.90 142.09 0.1903822 141.90 142.09 0.19Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:141.90 142.09

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:141.90 142.09

142.09 142.24 Lithology: Quartz Pebble Conglomerate 03835 142.09 142.24 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:142.09 142.24

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:142.09 142.24

142.24 142.32 Lithology: Quartzite 03836 142.24 142.32 0.08

Texture- Grain Size : Medium Grain:142.24 142.32

Few quartz pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:142.24 142.41

142.32 142.41 Lithology: Quartz Pebble Conglomerate 03837 142.32 142.41 0.09

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:142.32 142.41

Page 10 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM163 Units: METRICPM-08-ZaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

142.41 142.59 Lithology: Pebble Quartz 03838 142.41 142.59 0.18

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:142.41 142.59

Mineralization- Min Type : Pyrite:142.41 142.59

<1%

142.59 142.72 Lithology: Quartz Pebble Conglomerate 03839 142.59 142.72 0.13

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:142.59 142.72

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:142.59 142.72

142.72 143.00 Lithology: Quartzite 03840 142.72 143.00 0.28

Horizon142.72 : Wall Type : Foot Wall

FW MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:142.72 143.00

Colour- Colour 1 : Green Colour Tone 1 : Medium:142.72 143.00

143.00 155.74 Lithology: QuartziteBecomes darker grey last 1m - impure quartzite with few quartz pebbles.

Texture- Texture Type : Massive Grain Size : Medium Grain:143.00 155.74

Few faints bands and bedding.Occasional pea-sized white quartz clast.

Page 11 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM163 Units: METRICPM-08-ZaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

155.74 155.97 Lithology: Quartz Pebble ConglomerateBasal conglomerate-white quartz clasts and cobbles to cm in fine grain darkquartzite groundmass.Some massive, bleby pyrite ~ 10 . Scintillometer runs to 1.5 times background.

Texture- Texture Type : Cobble Grain Size : Cobble Size

(>3cm) Rounding : Sub-Rounded Packing :Medium Packed

:155.74 155.97

Colour- Colour 1 : Black:155.74 155.97

Groundmass.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Semi-Massive:155.74 155.97

155.97 156.10 Lithology: Quartzite

Texture- Grain Size : Fine Grain:155.97 156.10

Colour- Colour 1 : Black:155.97 156.10

156.10 164.00 Lithology: Metamorphic Volcanicsmassive fine grain basalt. Ocasional quartz-carbonate veinlet. Chloritic.Not magnetic. Becomes carbonate at 163m.Unconformity contact sharp,clean at 70 deg to LCA.

Horizon156.10 : Wall Type : Unconformity

Unconformity.

Texture- Texture Type : Massive Grain Size : Very Fine Grain:156.10 164.00

Colour- Colour 1 : Black:156.10 164.00

Page 12 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM163 Units: METRICPM-08-ZaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY138.32 138.5903817138.59 138.8503818138.85 139.2503819139.25 139.5303820139.53 139.7603821139.76 140.0503823140.05 140.3603824140.36 140.4803825140.48 140.6603826140.66 140.8503827140.85 141.0803828141.08 141.3103829141.31 141.4803830141.48 141.6203831141.62 141.7503832141.75 141.9003833141.90 142.0903834142.09 142.2403835142.24 142.3203836142.32 142.4103837142.41 142.5903838142.59 142.7203839142.72 143.0003840

Sample Type DUP141.90 142.0903822

Sample Type Blank03841

Sample Type DL-1A03842

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

8.00 11.00 3.00 2.64 88.00 2.50 83.33

11.00 14.00 3.00 1.43 47.67 3.00 100.00

14.00 17.00 3.00 1.63 54.33 3.00 100.00

17.00 20.00 3.00 1.35 45.00 3.00 100.00

20.00 23.00 3.00 1.70 56.67 3.00 100.00

23.00 26.00 3.00 0.70 23.33 3.00 100.00

26.00 29.00 3.00 2.02 67.33 3.00 100.00

Page 13 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM163 Units: METRICPM-08-ZaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

29.00 32.00 3.00 2.20 73.33 3.00 100.00

32.00 35.00 3.00 1.60 53.33 3.00 100.00

35.00 38.00 3.00 1.90 63.33 3.00 100.00

38.00 41.00 3.00 1.26 42.00 3.00 100.00

41.00 44.00 3.00 1.55 51.67 3.00 100.00

44.00 47.00 3.00 1.05 35.00 3.00 100.00

47.00 50.00 3.00 1.67 55.67 3.00 100.00

50.00 53.00 3.00 2.29 76.33 3.00 100.00

53.00 56.00 3.00 0.65 21.67 3.00 100.00

56.00 59.00 3.00 0 0 3.00 100.00

59.00 62.00 3.00 1.19 39.67 3.00 100.00

62.00 65.00 3.00 2.16 72.00 3.00 100.00

65.00 68.00 3.00 2.28 76.00 3.00 100.00

68.00 71.00 3.00 3.00 100.00 3.00 100.00

71.00 74.00 3.00 3.00 100.00 3.00 100.00

74.00 77.00 3.00 3.00 100.00 3.00 100.00

77.00 80.00 3.00 2.80 93.33 3.00 100.00

80.00 83.00 3.00 2.90 96.67 3.00 100.00

83.00 86.00 3.00 3.00 100.00 3.00 100.00

86.00 89.00 3.00 2.93 97.67 3.00 100.00

89.00 92.00 3.00 2.68 89.33 3.00 100.00

92.00 95.00 3.00 3.00 100.00 3.00 100.00

95.00 98.00 3.00 2.95 98.33 3.00 100.00

98.00 101.00 3.00 3.00 100.00 3.00 100.00

101.00 104.00 3.00 3.00 100.00 3.00 100.00

104.00 107.00 3.00 2.85 95.00 3.00 100.00

107.00 110.00 3.00 3.00 100.00 3.00 100.00

110.00 113.00 3.00 3.00 100.00 3.00 100.00

113.00 116.00 3.00 3.00 100.00 3.00 100.00

116.00 119.00 3.00 3.00 100.00 3.00 100.00

119.00 122.00 3.00 2.60 86.67 3.00 100.00

122.00 125.00 3.00 1.90 63.33 3.00 100.00

125.00 128.00 3.00 1.92 64.00 3.00 100.00

Page 14 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM163 Units: METRICPM-08-ZaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

128.00 131.00 3.00 3.00 100.00 3.00 100.00

131.00 134.00 3.00 3.00 100.00 3.00 100.00

134.00 137.00 3.00 2.67 89.00 3.00 100.00

137.00 140.00 3.00 2.10 70.00 3.00 100.00

140.00 143.00 3.00 2.74 91.33 3.00 100.00

143.00 146.00 3.00 2.70 90.00 3.00 100.00

146.00 149.00 3.00 3.00 100.00 3.00 100.00

149.00 152.00 3.00 3.00 100.00 3.00 100.00

152.00 155.00 3.00 3.00 100.00 3.00 100.00

155.00 158.00 3.00 1.20 40.00 3.00 100.00

158.00 161.00 3.00 2.45 81.67 3.00 100.00

161.00 164.00 3.00 2.42 80.67 3.00 100.00

Page 1 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM162 Units: METRICPM-08-NaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-70.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Nov 08, 2008Date Started:

Date Completed: Nov 10, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 232.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138397.40

East: 383712.80

Elev: 382.90

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 3.50 Lithology: CasingGranite and greywacke rubble.

3.50 15.43 Lithology: GreywackeRemnants of Ramsey Lake Conglomerate intercalated.

Texture- Texture Type : Intercalated Grain Size : Fine to

Medium Grain:3.50 15.43

Some coarse grain sections.

Colour- Colour 1 : Grey Colour Tone 1 : Dark:3.50 15.43

15.43 16.65 Lithology: Silt Stone

Texture- Texture Type : Massive Grain Size : Very Fine Grain:15.43 16.65

Colour- Colour 1 : Buff Brown Colour Tone 1 : Medium

Colour 2 : Grey Colour Tone 2 : Light:15.43 16.65

16.65 19.60 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Very Fine Grain:16.65 19.60

Colour- Colour 1 : Grey:16.65 19.60

Page 2 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM162 Units: METRICPM-08-NaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

19.60 68.90 Lithology: QuartziteSections of loosely packed QPC. White quartz clasts to 1cm.Slight sericitic alteration.

Texture- Grain Size : Medium to Course:19.60 68.90

Colour- Colour 1 : Grey Colour Tone 1 : Light:19.60 68.90

Structure:19.60 Angle : 8.000 Structure Type : Fracture

Rusty - broken

:23.50 Angle : 5.000 Structure Type : FractureRusty - broken

:31.00 Angle : 5.000 Structure Type : FractureRusty - broken

:31.20 Angle : 25.000 Thickness Along Core : 0.14 StructureType : Veins Structure Fill Mat : Vein

Bull quartz - white:66.70 Angle : 25.000 Structure Type : Fracture

Rusty

:67.00 Thickness Along Core : 1.90 Structure Type : FractureBroken core

:67.50 Angle : 20.000 Structure Type : FractureRusty

Page 3 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM162 Units: METRICPM-08-NaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

68.90 98.20 Lithology: Quartzite

Texture- Texture Type : Intercalated Grain Size : Fine to

Medium Grain:68.90 98.20

Interbedded siltstone beds. Faint bedding.

Colour- Colour 1 : Grey:68.90 98.20

Alteration- Alt Type : Unknown Pink Alt Intensity : Medium

Alt Pct VE : Pervasive:68.90 98.20

Some fracture related oxidation. Core broken and blocky in this section.

Structure:69.60 Angle : 85.000 Structure Type : Breccia

Broken core

98.20 108.20 Lithology: QuartziteSiltstone/quartzite/gritt - some with fine pyrite. Fine laminated sections.

Texture- Texture Type : Intercalated Grain Size : Fine Grain:98.20 108.20

Some fine pyrite in individual beds.

Colour- Colour 1 : Buff Brown Colour Tone 1 : Medium

Colour 2 : Green Colour Tone 2 : Light:98.20 108.20

108.20 120.90 Lithology: Quartzite

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed Supported : Matrix Supported

:108.20 120.90

White quartz pebbles to 3cm. No oxidation.

Colour- Colour 1 : Grey Colour Tone 1 : Light:108.20 120.90

Structure:113.00 Angle : 8.000 Structure Type : Fracture

:118.00 Structure Type : FractureBlocky ground

Page 4 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM162 Units: METRICPM-08-NaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

120.90 205.58 Lithology: Quartzite 03786 205.56 205.96 0.40Ryan member - Typical green arkosic quartzite. 192.4 to 192.80 - QPC bed ofloosley packed pebbles.Few additional flaoter beds or areas of quartz clasts in coarse matrix.Slightly more gritty down hole. Numerous narrow dark bands. Bedding @ 80 to85deg to LCA

Horizon120.90 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:120.90 205.58

Colour- Colour 1 : Green Colour Tone 1 : Medium:120.90 205.56

- Colour 1 : Green:205.56 205.96

Structure:203.54 Angle : 25.000 Structure Type : Fracture

Slightly broken

205.58 205.96 Lithology: Quartzite

Texture- Grain Size : Medium to Course:205.58 205.96

Few dark bands and quartz clast. Few fine grain beds.

205.96 206.14 Lithology: Quartz Pebble Conglomerate 03787 205.96 206.14 0.18

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:205.96 206.14

Mineralization- Min Type : Pyrite Min Texture : Disseminated:205.96 206.14

<1%

Page 5 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM162 Units: METRICPM-08-NaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

206.14 206.29 Lithology: Pebble Quartz 03788 206.14 206.29 0.15

Texture- Grain Size : Coarse:206.14 206.29

Colour- Colour 1 : Green:206.14 206.29

206.29 206.68 Lithology: Quartzite 03789 206.29 206.68 0.39

Texture- Grain Size : Medium to Course:206.29 206.68

Colour- Colour 1 : Green Colour Tone 1 : Medium:206.29 206.68

206.68 207.02 Lithology: Quartzite 03790 206.68 207.02 0.34

Texture- Grain Size : Medium to Course:206.68 207.02

Few quartz clasts and dark stringers.

Colour- Colour 1 : Green Colour Tone 1 : Medium:206.68 207.02

207.02 207.34 Lithology: Quartzite 03791 207.02 207.34 0.32

Texture- Grain Size : Medium to Course:207.02 207.34

Gritty sections with finer grain layering.

Colour- Colour 1 : Green:207.02 207.34

207.34 207.47 Lithology: Quartzite 03792 207.34 207.47 0.13

Texture- Grain Size : Medium to Course:207.34 207.47

Colour- Colour 1 : Green:207.34 207.47

Page 6 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM162 Units: METRICPM-08-NaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

207.47 207.70 Lithology: Quartzite 03793 207.47 207.70 0.23

Texture- Grain Size : Medium to Course:207.47 207.70

Colour- Colour 1 : Green Colour Tone 1 : Medium:207.47 207.70

207.70 207.88 Lithology: Pebble Quartz 03794 207.70 207.88 0.18Stratigraphic HW MCB

Horizon207.70 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Angular Packing : Loosely Packed:207.70 207.88

Smokey and cherty pebbles. Light sericitic cement.

Mineralization- Min Type : Pyrite Min Texture : Detrital:207.70 207.88

<1%

207.88 208.04 Lithology: Quartz Pebble Conglomerate 03795 207.88 208.04 0.16

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:207.88 208.04

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:207.88 208.04

208.04 208.23 Lithology: Pebble Quartz 03796 208.04 208.23 0.19

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:208.04 208.23

Few pebbles and dark striners.

Mineralization- Min Type : Pyrite Min Texture : Disseminated:208.04 208.23

<1%

Page 7 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM162 Units: METRICPM-08-NaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

208.23 208.38 Lithology: Quartzite 03797 208.23 208.38 0.15

Texture- Grain Size : Medium to Course:208.23 208.38

Colour- Colour 1 : Green Colour Tone 1 : Medium:208.23 208.38

208.38 208.48 Lithology: Quartz Pebble Conglomerate 03798 208.38 208.48 0.10

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:208.38 208.48

Mineralization- Min Type : Pyrite Min Texture : Disseminated:208.38 208.48

<1%

208.48 208.71 Lithology: Quartz Pebble Conglomerate 03799 208.48 208.71 0.23

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:208.48 208.71

Smokey

Mineralization- Min Type : Pyrite Min Texture : Disseminated:208.48 208.71

<1%

208.71 208.80 Lithology: Quartzite 03800 208.71 208.80 0.09

Texture- Grain Size : Medium Grain:208.71 208.80

Occaasional quartz clast.

Colour- Colour 1 : Green Colour Tone 1 : Medium:208.71 208.80

Page 8 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM162 Units: METRICPM-08-NaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

208.80 209.09 Lithology: Quartz Pebble Conglomerate 03801 208.80 209.09 0.29

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:208.80 209.09

Smokey

Mineralization- Min Type : Pyrite:208.80 209.09

<1%

209.09 209.32 Lithology: Quartz Pebble Conglomerate 03802 209.09 209.32 0.23

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:209.09 209.32

Smokey, mafic, white quartz. Light cement.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:209.09 209.32

209.32 209.42 Lithology: Quartz Pebble Conglomerate 03805 209.32 209.42 0.10

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:209.32 209.42

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:209.32 209.42

209.42 209.51 Lithology: Quartzite 03806 209.42 209.51 0.09

Texture- Grain Size : Medium to Course:209.42 209.51

Colour- Colour 1 : Green Colour Tone 1 : Medium:209.42 209.51

Page 9 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM162 Units: METRICPM-08-NaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

209.51 209.75 Lithology: Quartz Pebble Conglomerate 03807 209.51 209.75 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:209.51 209.75

3cm white clasts and smokey pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 7 Min Texture :

Detrital:209.51 209.75

209.75 209.89 Lithology: Quartz Pebble Conglomerate 03808 209.75 209.89 0.14

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:209.75 209.89

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:209.75 209.89

209.89 210.09 Lithology: Quartz Pebble Conglomerate 03809 209.89 210.09 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:209.89 210.09

Smokey and blueish quartz.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:209.89 210.09

210.09 210.33 Lithology: Quartz Pebble Conglomerate 03810 210.09 210.33 0.2403811 210.09 210.33 0.24Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:210.09 210.33

Smokey. Cherty striated clasts.

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Detrital:210.09 210.33

Page 10 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM162 Units: METRICPM-08-NaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

210.33 210.42 Lithology: Pebble Quartz 03812 210.33 210.42 0.09

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:210.33 210.42

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:210.33 210.42

210.42 210.63 Lithology: Quartz Pebble Conglomerate 03813 210.42 210.63 0.21

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:210.42 210.63

White striated and smokey clasts.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:210.42 210.63

210.63 210.87 Lithology: Quartz Pebble Conglomerate 03814 210.63 210.87 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:210.63 210.87

Smokey , chert.

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:210.63 210.87

210.87 211.03 Lithology: Quartz Pebble Conglomerate 03815 210.87 211.03 0.16FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:210.87 211.03

Occasional elongated clast. Blueish quartz and smokey, chert.

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Banding:210.87 211.03

Page 11 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM162 Units: METRICPM-08-NaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

211.03 211.37 Lithology: Quartzite 03816 211.03 211.37 0.34

Horizon211.03 : Wall Type : Foot Wall

Texture- Texture Type : Massive Grain Size : Medium Grain:211.03 211.37

Colour- Colour 1 : Green Colour Tone 1 : Medium:211.03 211.37

211.37 220.00 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium to

Course:211.37 220.00

Colour- Colour 1 : Green Colour Tone 1 : Medium:211.37 220.00

220.00 223.00 Lithology: QuartziteOne 3cm white quartz clast. 5cm bed of pebbles and detrital pyrite atunconformity. Sharp contact.~ 50 deg to LCA.

Texture- Texture Type : Massive Grain Size : Medium Grain:220.00 223.00

Colour- Colour 1 : Green Colour Tone 1 : Medium

Colour 2 : Grey Colour Tone 2 : Medium:220.00 223.00

Turns darker to bottom.

Page 12 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM162 Units: METRICPM-08-NaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

223.00 225.60 Lithology: Metamorphic VolcanicsVery fine grain chloritic massive basalt.

Horizon223.00 : Wall Type : Unconformity

Unconformity

Texture- Texture Type : Massive Grain Size : Very Fine Grain:223.00 225.60

Soft, chloritic - basalt.

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:223.00 225.60

225.60 232.00 Lithology: Metamorphic Volcanics

Texture- Texture Type : Mottled Grain Size : Very Fine Grain:225.60 232.00

Chlorite schist - minor flow banding and tiny amygdules. Less carbonate.Not magnetic.

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY205.56 205.9603786205.96 206.1403787206.14 206.2903788206.29 206.6803789206.68 207.0203790207.02 207.3403791207.34 207.4703792207.47 207.7003793207.70 207.8803794207.88 208.0403795208.04 208.2303796208.23 208.3803797208.38 208.4803798208.48 208.7103799208.71 208.8003800208.80 209.0903801209.09 209.3203802209.32 209.4203805209.42 209.5103806209.51 209.7503807

Page 13 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM162 Units: METRICPM-08-NaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY209.75 209.8903808209.89 210.0903809210.09 210.3303810210.33 210.4203812210.42 210.6303813210.63 210.8703814210.87 211.0303815211.03 211.3703816

Sample Type DUP210.09 210.3303811

Sample Type Blank03803

Sample Type UTS-303804

- PELE MOUNTAIN RESOURCES

Page 1 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM161 Units: METRICPM-08-WaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-72.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Nov 05, 2008Date Started:

Date Completed: Nov 07, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 180.00

Length: 188.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138137.00

East: 382958.00

Elev: 402.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.00 Lithology: CasingGranite, quartzite and argillite rubble.

1.00 17.00 Lithology: QuartziteGrey Stinson member. Biotite/chlorite mottled sections.

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:1.00 17.00

Quartzite with occasional 1cm quartz clast and mafic clast - pea-size. Faintlayering.

Colour- Colour 1 : Grey Colour Mode 1 : Blotchy Colour

Tone 1 : Light:1.00 17.00

Structure:4.00 Angle : 80.000 Thickness Along Core : 0.06 Structure

Type : Breccia Structure Fill Mat : Pebble QuartzFew 45deg fractures with orange staining into groundmass.

:10.45 Angle : 22.000 Thickness Along Core : 0.02 StructureType : Fracture Structure Fill Mat : Other

Chlorite filling.

Page 2 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM161 Units: METRICPM-08-WaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

17.00 54.12 Lithology: QuartziteFine layering. Pink hue to core. Faint pyritic banding 32m to 40m. 85deg to LCA.Section of fine laminated quartzite and siltstone. Few fractures with rustystaining.Core chippy from 47m to 50m. Orange staining.

Texture- Texture Type : Laminated Grain Size : Fine to

Medium Grain:17.00 54.12

Faint layering or lamination.

Colour- Colour 1 : Grey Colour Mode 1 : Banded Colour

Tone 1 : Light Colour 2 : Buff Brown Colour Mode2 : Ribboned Colour Tone 2 : Light

:17.00 54.12

Slight pink hue.

Alteration- Alt Type : Unknown Pink Alt Intensity : Weak Alt

Pct VE : Banded:17.00 54.12

Structure:17.00 Angle : 10.000 Structure Type : Fracture

Few fractures with rusty coating.

:53.72 Structure Fill Mat : OtherSiltstone bed.

54.12 70.30 Lithology: QuartziteIncreasing QPC in coarse grain matrix. No min. White quartz pebbles to 3cm.Occasional mafic clast.Contact with Ryan is gradational.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:54.12 70.30

Colour- Colour 1 : Grey Colour Tone 1 : Light:54.12 70.30

Page 3 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM161 Units: METRICPM-08-WaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

70.30 143.60 Lithology: QuartziteTypical green Ryan arkosic quartrzite. numerous narrow dark bands of smokeyquartz grains andtrace pyrite. Occasional pea-sized quartz clast. Excellent quality core - bedding @85deg to LCA.Lost water pressure and return water at 94m - drill report.

Horizon70.30 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:70.30 143.60

Colour- Colour 1 : Green Colour Tone 1 : Medium:70.30 143.60

Structure:90.80 Structure Fill Mat : Lamprophyre Dyke

Lamprophyre sill - med grain, black phenocrysts- lower contactchilled-greenish blue quartz/carbonate.

:94.00Lost water pressure and return water at 94m - drill report.

143.60 146.80 Lithology: Quartzite

Texture- Texture Type : Granular Grain Size : Coarse:143.60 146.80

Gritty section.

Colour- Colour 1 : Green:143.60 146.80

Page 4 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM161 Units: METRICPM-08-WaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

146.80 164.05 Lithology: QuartziteOccasional 2cm quartz clast. First 2m impure (darker) quartzite.Increase in floater beds : 56.9(20cm); 59.1(19cm); 60.37(8cm); 60.74(12cm);60.94(10cm);61.12(11cm); 61.72(10cm); 62.13(15cm); 62.70(23cm); 63.36(15cm). Pebbles<1cm, medium packed,minor pyrite - typically 2x background reading on scintillometer.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:146.80 164.05

Colour- Colour 1 : Green:146.80 164.05

164.05 164.32 Lithology: Pebble Quartz 03759 164.05 164.32 0.27

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:164.05 164.32

Smokey grey groundmass.

Colour- Colour 1 : Green:164.05 164.48

Mineralization- Min Type : Pyrite:164.05 164.32

<1%

164.32 164.48 Lithology: Quartzite 03760 164.32 164.48 0.16

Texture- Grain Size : Medium to Course:164.32 164.48

164.48 164.67 Lithology: Pebble Quartz 03761 164.48 164.67 0.19

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:164.48 164.67

Mineralization- Min Type : Pyrite:164.48 164.67

<1%

Page 5 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM161 Units: METRICPM-08-WaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

164.67 164.92 Lithology: Quartzite 03762 164.67 164.92 0.25

Texture- Grain Size : Medium to Course:164.67 164.92

Occasional quartz clast.

Colour- Colour 1 : Green:164.67 164.92

164.92 165.09 Lithology: Quartzite 03763 164.92 165.09 0.17

Texture- Grain Size : Medium to Course:164.92 165.09

Occasional smokey quartz clast.

Colour- Colour 1 : Green:164.92 165.09

165.09 165.26 Lithology: Pebble Quartz 03764 165.09 165.26 0.17Stratigraphic HW MCB

Horizon165.09 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:165.09 165.26

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:165.09 165.26

165.26 165.43 Lithology: Quartz Pebble Conglomerate 03765 165.26 165.43 0.17

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:165.26 165.43

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:165.26 165.43

Page 6 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM161 Units: METRICPM-08-WaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

165.43 165.60 Lithology: Quartz Pebble Conglomerate 03766 165.43 165.60 0.17

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Well Packed:165.43 165.60

Mix cherty and smokey quartz.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:165.43 165.60

165.60 165.90 Lithology: Quartz Pebble Conglomerate 03767 165.60 165.90 0.30

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:165.60 165.90

Smokey quartz and chert, light green cement.

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:165.60 165.90

165.90 166.09 Lithology: Quartz Pebble Conglomerate 03768 165.90 166.09 0.19

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:165.90 166.09

Smokey grains.

Mineralization- Min Type : Pyrite:165.90 166.09

<1%

166.09 166.33 Lithology: Quartz Pebble Conglomerate 03769 166.09 166.33 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:166.09 166.33

Some light buff shards.

Mineralization- Min Type : Pyrite:166.09 166.33

<1%

Page 7 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM161 Units: METRICPM-08-WaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

166.33 166.46 Lithology: Quartz Pebble Conglomerate 03770 166.33 166.46 0.13

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : LooselyPacked

:166.33 166.46

Smokey pebbles and sericitic matrix.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:166.33 166.46

166.46 166.68 Lithology: Quartz Pebble Conglomerate 03771 166.46 166.68 0.22

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : WellPacked

:166.46 166.68

Smokey.

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:166.46 166.68

166.68 166.90 Lithology: Quartz Pebble Conglomerate 03774 166.68 166.90 0.22

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:166.68 166.90

Smokey.

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Detrital:166.68 166.90

166.90 167.00 Lithology: Quartzite 03775 166.90 167.00 0.10

Texture- Grain Size : Medium Grain:166.90 167.00

Ocasional quartz clast.

Colour- Colour 1 : Green:166.90 167.00

Page 8 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM161 Units: METRICPM-08-WaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

167.00 167.28 Lithology: Quartz Pebble Conglomerate 03776 167.00 167.28 0.28

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:167.00 167.28

Smokey.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:167.00 167.28

167.28 167.38 Lithology: Quartz Pebble Conglomerate 03777 167.28 167.38 0.10

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:167.28 167.38

Smokey grains and light sericitic cement.

Mineralization- Min Type : Pyrite:167.28 167.38

<1%

167.38 167.60 Lithology: Quartz Pebble Conglomerate 03778 167.38 167.60 0.2203779 167.38 167.60 0.22Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:167.38 167.60

Mix chert and quartz.

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Detrital:167.38 167.60

167.60 167.80 Lithology: Quartz Pebble Conglomerate 03780 167.60 167.80 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:167.60 167.80

Striated pebbles, smokey and white.

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:167.60 167.80

Page 9 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM161 Units: METRICPM-08-WaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

167.80 167.91 Lithology: Quartz Pebble Conglomerate 03781 167.80 167.91 0.11

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:167.80 167.91

Lighter colour.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:167.80 167.91

167.91 168.08 Lithology: Quartz Pebble Conglomerate 03782 167.91 168.08 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : WellPacked

:167.91 168.08

Some pebbles stretched.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:167.91 168.08

168.08 168.27 Lithology: Quartz Pebble Conglomerate 03783 168.08 168.27 0.19FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:168.08 168.27

White pebbles to 3cm. Poor pyrite. Sharp FW contact.

Mineralization- Min Type : Pyrite:168.08 168.27

<1%

Page 10 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM161 Units: METRICPM-08-WaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

168.27 168.58 Lithology: Quartzite 03784 168.27 168.58 0.31

Horizon168.27 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:168.27 168.58

Sericitic cement. Smokey grains.

Colour- Colour 1 : Green Colour Tone 1 : Medium:168.27 168.58

168.58 169.10 Lithology: Quartzite 03785 168.58 169.10 0.52

Texture- Texture Type : Massive Grain Size : Medium Grain:168.58 169.10

Colour- Colour 1 : Green:168.58 169.10

169.10 172.47 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium Grain:169.10 172.47

Colour- Colour 1 : Green:169.10 172.47

172.47 178.46 Lithology: QuartziteFew floater beds with quartz clasts to 2cm. Narrow dark pyritic banding nottypical of FW quartzite.Faint bedding @ 85deg to LCA. Increasingly darker quartzite down hole. Last0.4m dark grey to black.Sharp, clean contact with volcanics.

Texture- Texture Type : Bedding Grain Size : Medium Grain:172.47 178.46

Occasional tiny white quartz clast.

Page 11 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM161 Units: METRICPM-08-WaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

178.46 188.00 Lithology: Metamorphic VolcanicsChloritic, soft. Massive to 181m. Andesite/basalt/chlorite schist after. Muchcarbonate after 182m.Very magnetic after 184.8m. - magnetite.

Horizon178.46 :

Unconformity - clean and sharp.

Texture- Texture Type : Semi-massive Grain Size : Very Fine

Grain:178.46 188.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:178.46 188.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY164.05 164.3203759164.32 164.4803760164.48 164.6703761164.67 164.9203762164.92 165.0903763165.09 165.2603764165.26 165.4303765165.43 165.6003766165.60 165.9003767165.90 166.0903768166.09 166.3303769166.33 166.4603770166.46 166.6803771166.68 166.9003774166.90 167.0003775167.00 167.2803776167.28 167.3803777167.38 167.6003778167.60 167.8003780167.80 167.9103781167.91 168.0803782168.08 168.2703783168.27 168.5803784

Page 12 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM161 Units: METRICPM-08-WaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY168.58 169.1003785

Sample Type DUP167.38 167.6003779

Sample Type Blank03772

Sample Type UTS-303773

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

1.00 2.00 1.00 0.70 70.00 1.00 100.00

2.00 5.00 3.00 2.58 86.00 3.00 100.00

5.00 8.00 3.00 2.72 90.67 3.00 100.00

8.00 11.00 3.00 2.80 93.33 3.00 100.00

11.00 14.00 3.00 2.90 96.67 3.00 100.00

14.00 17.00 3.00 2.88 96.00 3.00 100.00

17.00 20.00 3.00 3.00 100.00 3.00 100.00

20.00 23.00 3.00 3.00 100.00 3.00 100.00

23.00 26.00 3.00 2.80 93.33 3.00 100.00

26.00 29.00 3.00 2.95 98.33 3.00 100.00

29.00 32.00 3.00 2.80 93.33 3.00 100.00

Page 1 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-70.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Oct 26, 2008Date Started:

Date Completed: Oct 28, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 274.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138552.00

East: 383702.00

Elev: 382.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 31.00 Lithology: CasingAssorted granite rubble, sand, diabase, quartzite and greywacke boulders.Recovered 3.65m

31.00 38.10 Lithology: Ramsey Lake Conglomerate

Texture- Texture Type : Cobble Grain Size : Cobble Size

(>3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:31.00 38.10

Fine grain black matrix.

Colour- Colour 1 : Black:31.00 38.10

Structure:31.00 Structure Type : Fracture

Few high angle fractures with rusty surfaces.

Page 2 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

38.10 77.90 Lithology: GreywackeFairly massive dark grey medium grain greywacke quartzite with occasionalargillite beds.

Horizon38.10 : Wall Type : Hanging Wall

Stinson

Texture- Texture Type : Massive Grain Size : Fine to Medium

Grain:38.10 77.90

some fine bedding features - layering.

Colour- Colour 1 : Grey Colour Tone 1 : Dark:38.10 77.90

77.90 127.00 Lithology: QuartziteFine quartzite with interbedded fine siltstone beds. Core generally blockyespecially to bottom.

Texture- Texture Type : Massive Grain Size : Fine to Medium

Grain:77.90 127.00

Colour- Colour 1 : Grey Colour Mode 1 : Uniform Colour

Tone 1 : Medium Colour 2 : Buff Brown ColourMode 2 : Banded Colour Tone 2 : Medium

:77.90 127.00

109m to 124m - slight pink/orange hue. Core broken and blocky.

Structure:93.60 Angle : 20.000 Thickness Along Core : 0.05 Structure

Type : Vuggy Structure Fill Mat : VeinQuartz - small crystals

:109.00 Angle : 85.000Few siltstone beds - chippy, laminated and slight breccia.

Page 3 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

127.00 144.50 Lithology: Quartzite135.63 to 144.5 - Quartz pebble conglomerate in light grey to green sericiticmatrix. No min.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Supported : Clast Supported

:127.00 144.50

Large white quartz clasts, some to 4 , 5cm. Medium grain sericitc matrix.Occasioanl small mafic clast.

Colour- Colour 1 : Grey Colour Mode 1 : Blotchy Colour

Tone 1 : Light Colour 2 : Green Colour Tone 2 :Light

:127.00 144.50

Light green groundmass.144.50 175.00 Lithology: Quartzite

Quartz pebble conglomerate in grey matrix. - barren.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:144.50 175.00

Coarse grey matrix.

Colour- Colour 1 : Grey Colour Tone 1 : Light:144.50 175.00

175.00 189.17 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium to

Course:175.00 189.17

Few bull quartz veins 25deg to LCA. Occasional quartz clast and mafic clast.

Colour- Colour 1 : Grey Colour Tone 1 : Light:175.00 189.17

Page 4 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

189.17 249.56 Lithology: QuartziteRyan member. Numerous narrow dark bands of smokey quartz and trace pyrite.Bedding 80 to 85deg to LCA. Few narrow floater reefs forming down hole.Floater beds: 238.67(10cm); 244.0(12cm); 244.29(6cm); 244.43(8cm);244.56(13cm0; 245.30(8cm).Typically medium packed smokey quartz pea-sized pebbles with minor fine grainpyrite.

Horizon189.17 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:189.17 249.56

Colour- Colour 1 : Green Colour Tone 1 : Medium:189.17 249.56

249.56 249.96 Lithology: Quartzite 03726 249.56 249.96 0.40

Texture- Grain Size : Medium to Course:249.56 249.96

Occasional quartz clast.

Colour- Colour 1 : Green Colour Tone 1 : Medium:249.56 249.96

Page 5 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

249.96 250.26 Lithology: Pebble Quartz 03727 249.96 250.26 0.30High angle tight-fault running through this section. Does not appear to havedisplacement.Groundmass is darker on one side of structure. Very peculiar.

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Rounded Packing : Loosely Packed:249.96 250.26

Two differnet groundmass colours on either side of fault/fracture.

Colour- Colour 1 : Grey Colour Tone 1 : Medium:249.96 250.66

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:249.96 250.26

Pyrite stringers do not cross over fault/fracture. Appears to be re-mobalizedgroundmass within few mm structure.

Structure:249.96 Angle : 10.000 Thickness Along Core : 0.01 Structure

Type : Fracture Structure Fill Mat : Pebble Quartz

250.26 250.66 Lithology: Quartzite 03728 250.26 250.66 0.40Impure quartzite.

Texture- Texture Type : Pebble Grain Size : Medium Grain

Packing : Loosely Packed:250.26 250.66

Dirty quartz.

Mineralization- Min Type : Pyrite:250.26 250.66

<1%

250.66 250.93 Lithology: Greywacke 03729 250.66 250.93 0.27Impure, dirty quartz.

Texture- Grain Size : Medium to Course:250.66 250.93

Colour- Colour 1 : Grey Colour Tone 1 : Dark:250.66 250.93

Page 6 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

250.93 251.30 Lithology: Greywacke 03730 250.93 251.30 0.37Appears to be a fault zone.

Texture- Grain Size : Medium to Course:250.93 251.30

Occasional white quartz clast.

Colour- Colour 1 : Grey Colour Tone 1 : Dark:250.93 251.30

Structure:250.93 Angle : 25.000 Thickness Along Core : 0.10 Structure

Type : Faults Structure Fill Mat : GreywackeBroken

251.30 251.83 Lithology: Quartzite 03731 251.30 251.83 0.53

Texture- Grain Size : Medium Grain:251.30 251.83

Occasional white quartz clast.

Colour- Colour 1 : Grey Colour Tone 1 : Medium:251.30 251.83

251.83 252.26 Lithology: Quartzite 03732 251.83 252.26 0.43

Texture- Grain Size : Medium Grain:251.83 252.26

Colour- Colour 1 : Grey Colour Tone 1 : Medium:251.83 252.26

252.26 252.61 Lithology: Quartzite 03733 252.26 252.61 0.35Thin 1mm intrusive like feature runs length of core. Granular component.

Texture- Grain Size : Medium to Course:252.26 252.61

Colour- Colour 1 : Grey Colour Tone 1 : Medium Colour

2 : Green Colour Tone 2 : Light:252.26 252.61

252.61 252.84 Lithology: Quartzite 03734 252.61 252.84 0.23As 03733. Few smokey quartz pebbles.

Page 7 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

252.84 253.06 Lithology: Quartzite 03735 252.84 253.06 0.22As 03733

253.06 253.16 Lithology: Quartzite 03736 253.06 253.16 0.10

253.16 253.30 Lithology: Pebble Quartz 03737 253.16 253.30 0.14Stratigraphic HW MCB

Horizon253.16 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:253.16 253.30

White, smokey pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Banding:253.16 253.30

253.30 253.40 Lithology: Pebble Quartz 03738 253.30 253.40 0.10As 03737

253.40 253.56 Lithology: Pebble Quartz 03739 253.40 253.56 0.16

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:253.40 253.56

Few dark bands and ckean contact with Economic HW253.56 253.79 Lithology: Quartz Pebble Conglomerate 03740 253.56 253.79 0.23

Economic HW MCB. 2mm irregular intrusive like feature runs through section @20deg to LCA.Pyrite stringers do not cut across the intrusive.

Horizon253.56 : Wall Type : Hanging Wall Wall Modifier : Economic

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:253.56 253.79

Granular quartzite in intrusive - smokey.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Disseminated:253.56 253.79

Page 8 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

253.79 253.95 Lithology: Quartz Pebble Conglomerate 03741 253.79 253.95 0.16

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:253.79 253.95

Mineralization- Min Type : Pyrite:253.79 253.95

<1%

253.95 254.02 Lithology: Quartzite 03742 253.95 254.02 0.07

Texture- Grain Size : Medium Grain:253.95 254.02

Colour- Colour 1 : Green:253.95 254.02

254.02 254.32 Lithology: Quartz Pebble Conglomerate 03743 254.02 254.32 0.30

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:254.02 254.32

Smokey. Bleached groundmass.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:254.02 254.32

254.32 254.44 Lithology: Pebble Quartz 03744 254.32 254.44 0.12

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:254.32 254.44

254.44 254.63 Lithology: Quartz Pebble Conglomerate 03745 254.44 254.63 0.19

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:254.44 254.63

Smokey

Mineralization- Min Type : Pyrite:254.44 254.63

<1%

Page 9 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

254.63 254.75 Lithology: Quartz Pebble Conglomerate 03746 254.63 254.75 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:254.63 254.75

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:254.63 254.75

254.75 254.93 Lithology: Quartz Pebble Conglomerate 03747 254.75 254.93 0.1803748 254.75 254.93 0.18As 03746

254.93 255.05 Lithology: Quartz Pebble Conglomerate 03751 254.93 255.05 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:254.93 255.05

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:254.93 255.05

255.05 255.25 Lithology: Quartz Pebble Conglomerate 03752 255.05 255.25 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:255.05 255.25

Chert and striated quartz pebbles, smokey.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Buckshot:255.05 255.25

255.25 255.39 Lithology: Quartz Pebble Conglomerate 03753 255.25 255.39 0.14

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:255.25 255.39

Smokey - some pebbles elongated.

Mineralization- Min Type : Pyrite Min Pct VE : 3 Min Texture :

Disseminated:255.25 255.39

Page 10 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

255.39 255.60 Lithology: Quartz Pebble Conglomerate 03754 255.39 255.60 0.21

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:255.39 255.60

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:255.39 255.60

255.60 255.80 Lithology: Pebble Quartz 03755 255.60 255.80 0.20

Horizon255.60 : Wall Type : Foot Wall Wall Modifier : Economic

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:255.60 255.80

Few pebbles, smokey. Few dark bands of pyrite and quartz grains.255.80 255.94 Lithology: Quartzite 03756 255.80 255.94 0.14

Texture- Texture Type : Granular Grain Size : Medium to

Course:255.80 255.94

less sericite - grey/green

Mineralization- Min Type : Pyrite:255.80 255.94

<1% - few blebs of pyrite.

255.94 256.05 Lithology: Pebble Quartz 03757 255.94 256.05 0.11Stratigraphic FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm):255.94 256.05

Few white quartz pebbles to 2cm. Smokey quartz grains.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:255.94 256.05

blotchy pyrite.

Page 11 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

256.05 256.49 Lithology: Quartzite 03758 256.05 256.49 0.44

Horizon256.05 : Wall Type : Foot Wall Wall Modifier : Stratigraphic

Texture- Texture Type : Massive Grain Size : Medium Grain:256.05 256.49

Colour- Colour 1 : Green:256.05 256.49

256.49 263.96 Lithology: Quartzite

Texture- Texture Type : Semi-massive Grain Size : Medium

Grain:256.49 263.96

QPC @ 260.1 to 260.5 - 1cm quartz pebbles.

Colour- Colour 1 : Green Colour Tone 1 : Medium

Colour 2 : Grey:256.49 263.96

263.96 264.90 Lithology: GreywackeImpure quartzite/greywacke. Sharp clean contact with volcanics.

Texture- Texture Type : Pebble Grain Size : Medium to

Course:263.96 264.90

Colour- Colour 1 : Grey Colour Tone 1 : Dark:263.96 264.90

Page 12 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

264.90 266.27 Lithology: Metamorphic VolcanicsMassive chloritic basalt.

Horizon264.90 : Wall Type : Unconformity

Unconformity

Texture- Texture Type : Massive Grain Size : Very Fine Grain:264.90 266.27

Soft chloritic basalt.

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:264.90 266.27

266.27 266.70 Lithology: Metamorphic VolcanicsAs above but brecciated with mafic and tuffaceous shards and pyrite blebs.Core not necessarily broken up.

266.70 267.00 Lithology: Metamorphic Volcanics

Texture- Texture Type : Massive Grain Size : Very Fine Grain:266.70 267.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:266.70 267.00

267.00 269.00 Lithology: Metamorphic Volcanics

Texture- Texture Type : Amygdaloidal Grain Size : Fine Grain:267.00 269.00

Groundmass becomes increasingly carbonate - calcite.

Colour- Colour 1 : Black Colour 2 : White:267.00 269.00

Alteration- Alt Type : Calcite:267.00 274.00

Much carbonate in groundmass.

Page 13 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

269.00 274.00 Lithology: Metamorphic Volcanics

Texture- Texture Type : Massive Grain Size : Very Fine Grain:269.00 274.00

Much carbonate. Not magnetic.

Colour- Colour 1 : Black Colour 2 : Green Colour Tone

2 : Dark:269.00 2741.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY249.56 249.9603726249.96 250.2603727250.26 250.6603728250.66 250.9303729250.93 251.3003730251.30 251.8303731251.83 252.2603732252.26 252.6103733252.61 252.8403734252.84 253.0603735253.06 253.1603736253.16 253.3003737253.30 253.4003738253.40 253.5603739253.56 253.7903740253.79 253.9503741253.95 254.0203742254.02 254.3203743254.32 254.4403744254.44 254.6303745254.63 254.7503746254.75 254.9303747254.93 255.0503751255.05 255.2503752255.25 255.3903753255.39 255.6003754255.60 255.8003755255.80 255.9403756255.94 256.0503757256.05 256.4903758

Page 14 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type DUP254.75 254.9303748

Sample Type Blank03749

Sample Type UTS-403750

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

31.00 34.00 3.00 2.50 83.33 3.00 100.00

34.00 37.00 3.00 2.95 98.33 3.00 100.00

37.00 40.00 3.00 2.30 76.67 3.00 100.00

40.00 43.00 3.00 1.44 48.00 3.00 100.00

43.00 46.00 3.00 2.60 86.67 3.00 100.00

46.00 49.00 3.00 2.50 83.33 3.00 100.00

49.00 52.00 3.00 2.20 73.33 3.00 100.00

52.00 55.00 3.00 2.89 96.33 3.00 100.00

55.00 58.00 3.00 2.70 90.00 3.00 100.00

58.00 61.00 3.00 2.20 73.33 3.00 100.00

61.00 64.00 3.00 3.00 100.00 3.00 100.00

64.00 67.00 3.00 2.35 78.33 3.00 100.00

67.00 70.00 3.00 2.20 73.33 3.00 100.00

70.00 73.00 3.00 1.90 63.33 3.00 100.00

73.00 76.00 3.00 2.44 81.33 3.00 100.00

76.00 79.00 3.00 1.87 62.33 3.00 100.00

79.00 82.00 3.00 2.15 71.67 3.00 100.00

82.00 85.00 3.00 2.91 97.00 3.00 100.00

85.00 88.00 3.00 1.80 60.00 3.00 100.00

88.00 91.00 3.00 2.18 72.67 3.00 100.00

91.00 94.00 vuggy quartz vein3.00 2.40 80.00 3.00 100.00

94.00 97.00 3.00 3.00 100.00 3.00 100.00

97.00 100.00 3.00 3.00 100.00 3.00 100.00

100.00 103.00 3.00 3.00 100.00 3.00 100.00

103.00 106.00 3.00 3.00 100.00 3.00 100.00

Page 15 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

106.00 109.00 3.00 2.40 80.00 3.00 100.00

109.00 112.00 3.00 1.60 53.33 3.00 100.00

112.00 115.00 3.00 1.36 45.33 3.00 100.00

115.00 118.00 3.00 0.73 24.33 3.00 100.00

118.00 121.00 3.00 1.69 56.33 3.00 100.00

121.00 124.00 3.00 0.60 20.00 3.00 100.00

124.00 127.00 3.00 0.84 28.00 3.00 100.00

127.00 130.00 3.00 3.00 100.00 3.00 100.00

130.00 133.00 3.00 1.86 62.00 3.00 100.00

133.00 136.00 3.00 2.72 90.67 3.00 100.00

136.00 139.00 3.00 2.10 70.00 3.00 100.00

139.00 142.00 3.00 2.30 76.67 3.00 100.00

142.00 145.00 3.00 2.65 88.33 3.00 100.00

145.00 148.00 3.00 2.88 96.00 3.00 100.00

148.00 151.00 3.00 2.95 98.33 3.00 100.00

151.00 154.00 3.00 2.58 86.00 3.00 100.00

154.00 157.00 3.00 3.00 100.00 3.00 100.00

157.00 160.00 3.00 2.85 95.00 3.00 100.00

160.00 163.00 3.00 3.00 100.00 3.00 100.00

163.00 166.00 3.00 2.64 88.00 3.00 100.00

166.00 169.00 3.00 2.80 93.33 3.00 100.00

169.00 172.00 3.00 3.00 100.00 3.00 100.00

172.00 175.00 3.00 2.90 96.67 3.00 100.00

175.00 178.00 3.00 3.00 100.00 3.00 100.00

178.00 181.00 3.00 3.00 100.00 3.00 100.00

181.00 184.00 3.00 3.00 100.00 3.00 100.00

184.00 187.00 3.00 3.00 100.00 3.00 100.00

187.00 190.00 3.00 3.00 100.00 3.00 100.00

190.00 193.00 3.00 3.00 100.00 3.00 100.00

193.00 196.00 3.00 3.00 100.00 3.00 100.00

196.00 199.00 3.00 3.00 100.00 3.00 100.00

199.00 202.00 3.00 3.00 100.00 3.00 100.00

202.00 205.00 3.00 3.00 100.00 3.00 100.00

Page 16 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM160 Units: METRICPM-08-MaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

205.00 208.00 3.00 3.00 100.00 3.00 100.00

208.00 211.00 3.00 3.00 100.00 3.00 100.00

211.00 214.00 3.00 3.00 100.00 3.00 100.00

214.00 217.00 3.00 3.00 100.00 3.00 100.00

217.00 220.00 3.00 3.00 100.00 3.00 100.00

220.00 223.00 3.00 3.00 100.00 3.00 100.00

223.00 226.00 3.00 3.00 100.00 3.00 100.00

226.00 229.00 3.00 3.00 100.00 3.00 100.00

229.00 232.00 3.00 3.00 100.00 3.00 100.00

232.00 235.00 3.00 3.00 100.00 3.00 100.00

235.00 238.00 3.00 3.00 100.00 3.00 100.00

238.00 241.00 3.00 3.00 100.00 3.00 100.00

241.00 244.00 3.00 3.00 100.00 3.00 100.00

244.00 247.00 3.00 3.00 100.00 3.00 100.00

247.00 250.00 3.00 3.00 100.00 3.00 100.00

250.00 253.00 3.00 2.06 68.67 3.00 100.00

253.00 256.00 3.00 3.00 100.00 3.00 100.00

256.00 259.00 3.00 3.00 100.00 3.00 100.00

259.00 262.00 3.00 3.00 100.00 3.00 100.00

262.00 265.00 3.00 3.00 100.00 3.00 100.00

265.00 268.00 3.00 2.90 96.67 3.00 100.00

268.00 271.00 3.00 2.80 93.33 3.00 100.00

271.00 274.00 3.00 2.60 86.67 3.00 100.00

Page 1 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-73.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Oct 26, 2008Date Started:

Date Completed: Nov 05, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 180.00

Length: 212.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138243.00

East: 382709.00

Elev: 376.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 6.00 Lithology: CasingGranite rubble and argillite boulders.

6.00 7.00 Lithology: Argillite

Texture- Texture Type : Massive Grain Size : Very Fine Grain:6.00 7.00

Colour- Colour 1 : Black:6.00 7.00

7.00 8.14 Lithology: Greywacke

Texture- Texture Type : Porphyritic Grain Size : Medium to

Course:7.00 8.14

Colour- Colour 1 : Grey Colour Tone 1 : Dark:7.00 8.14

8.14 8.30 Lithology: Argillite

Texture- Texture Type : Massive Grain Size : Very Fine Grain:8.14 8.30

Colour- Colour 1 : Buff Brown:8.14 8.30

Page 2 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

8.30 48.36 Lithology: QuartziteMassive light grey quartzite with occasional quartz clast and mafic clasts. Coarse.

Horizon8.30 : Wall Type : Hanging Wall

Stinson

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Rounded Packing : Loosely PackedSupported : Matrix Supported

:8.30 48.36

Colour- Colour 1 : Grey Colour Tone 1 : Light:8.30 48.36

Structure:47.50 Angle : 10.000 Structure Type : Fracture

Broken core.

48.36 71.05 Lithology: QuartziteOccasional tiny quartz clast. Some signs of cross-bedding. Fine layering ofsiltstone and quartzite.Slight pink alteration. Core generally blocky- disking.

Texture- Texture Type : Banding Grain Size : Fine Grain:48.36 71.05

Colour- Colour 1 : Buff Brown Colour Tone 1 : Medium:48.36 71.05

Alteration- Alt Type : Unknown Pink Alt Intensity : Medium:48.36 71.05

Structure:63.00

Disking for a few meters.

Page 3 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

71.05 85.70 Lithology: QuartziteAgain, fairly massive quartz pebble conglomerate. Light grey with 1cm clasts. Nomin.Slight sericitic alteration down hole approaching Ryan green quartzite.

Texture- Texture Type : Pebble Grain Size : Medium to

Course Rounding : Sub-Rounded Packing :Loosely Packed Supported : Matrix Supported

:71.05 85.70

Colour- Colour 1 : Grey Colour Tone 1 : Light:71.05 85.70

Slight green hue.

Structure:71.26 Angle : 85.000 Thickness Along Core : 0.02 Structure

Type : Sill Structure Fill Mat : BrecciaSiltstone shards.

:78.50 Angle : 40.000 Thickness Along Core : 0.40 StructureType : Sill Structure Fill Mat : Other

Siltstone - buff green85.70 149.00 Lithology: Quartzite

Ryan Member. Occasional quartz clast and narrow dark stringers.. Bedding @ 85deg to LCA.Excellent quality core.

Horizon85.70 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:85.70 149.00

Colour- Colour 1 : Green Colour Tone 1 : Medium:85.70 149.00

Structure:111.68 Angle : 85.000 Thickness Along Core : 0.26 Structure

Type : Sill Structure Fill Mat : Lamprophyre Dyke60cm fine grain siltstone and 5cm bull quartz leading up to sill. Soft - muchcarbonate in groundmass. Black. Bottom contact ragged.

:147.60 Angle : 85.000 Thickness Along Core : 0.14 StructureType : Sill Structure Fill Mat : Lamprophyre Dyke

As above.

Page 4 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

149.00 171.33 Lithology: QuartziteIncrease in dark banding. Bedding 80 to 85deg.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:149.00 171.33

Colour- Colour 1 : Green Colour Tone 1 : Medium:149.00 171.33

171.33 180.93 Lithology: QuartziteIncrease in "floater" beds. Dark bands. Occasional quartz clast.Floater beds @: 171.75(8cm); 173.26(17cm); 175.15(11cm - well packed, fairpyrite); 175.35(10cm);175.8(11cm); 176.0(30cm); 178.82(16cm); 179.5(9cm).

Texture- Texture Type : Bedding Grain Size : Medium to

Course:171.33 180.93

Occasional quartz clast and PBQZ bed.

Colour- Colour 1 : Green:171.33 180.93

180.93 181.27 Lithology: Quartzite 03671 180.93 181.27 0.34

Texture- Grain Size : Coarse:180.93 181.27

Ocassional quartz clast.

Colour- Colour 1 : Green:180.93 181.27

181.27 181.48 Lithology: Quartz Pebble Conglomerate 03672 181.27 181.48 0.21

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:181.27 181.48

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:181.27 181.48

Page 5 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

181.48 181.68 Lithology: Pebble Quartz 03673 181.48 181.68 0.20

Texture- Texture Type : Pebble Grain Size : Coarse

Packing : Loosely Packed:181.48 181.68

Mineralization- Min Type : Pyrite:181.48 181.68

<1%

181.68 182.03 Lithology: Quartzite 03674 181.68 182.03 0.35

Texture- Grain Size : Medium to Course:181.68 182.03

Colour- Colour 1 : Green Colour Tone 1 : Medium:181.68 182.03

182.03 182.34 Lithology: Pebble Quartz 03675 182.03 182.34 0.31

Texture- Texture Type : Pebble Grain Size : Coarse

Packing : Loosely Packed:182.03 182.34

Occasional quartz pebble

Colour- Colour 1 : Green Colour Tone 1 : Medium:182.03 182.34

182.34 182.53 Lithology: Pebble Quartz 03676 182.34 182.53 0.19

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:182.34 182.53

182.53 182.98 Lithology: Quartzite 03677 182.53 182.98 0.45

Texture- Grain Size : Medium to Course:182.53 182.98

Occasional quartz clast.

Colour- Colour 1 : Green Colour Tone 1 : Medium:182.53 182.98

Page 6 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

182.98 183.33 Lithology: Pebble Quartz 03678 182.98 183.33 0.35

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:182.98 183.33

Smokey

Mineralization- Min Type : Pyrite:182.98 183.33

<1%

183.33 183.64 Lithology: Pebble Quartz 03679 183.33 183.64 0.31

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:183.33 183.64

Occasaional white quartz.

Mineralization- Min Type : Pyrite:183.33 183.64

<1%

183.64 183.95 Lithology: Quartz Pebble Conglomerate 03680 183.64 183.95 0.31

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:183.64 183.95

Mineralization- Min Type : Pyrite Min Pct VE : 3 Min Texture :

Detrital:183.64 183.95

183.95 184.10 Lithology: Quartzite 03681 183.95 184.10 0.15

Texture- Grain Size : Medium Grain:183.95 184.10

Occasional pea-sized white quartz clast.

Page 7 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

184.10 184.21 Lithology: Quartz Pebble Conglomerate 03682 184.10 184.21 0.11

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:184.10 184.21

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:184.10 184.21

184.21 184.25 Lithology: Quartzite 03683 184.21 184.25 0.04

Texture- Grain Size : Medium to Course:184.21 184.25

Colour- Colour 1 : Green:184.21 184.25

Mineralization- Min Type : Pyrite Min Pct VE : 2:184.21 184.35

184.25 184.35 Lithology: Quartz Pebble Conglomerate 03684 184.25 184.35 0.10

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:184.25 184.35

184.35 184.47 Lithology: Pebble Quartz 03685 184.35 184.47 0.12

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:184.35 184.47

Mineralization- Min Type : Pyrite:184.35 184.47

<1%

184.47 184.74 Lithology: Quartzite 03686 184.47 184.74 0.27

Texture- Grain Size : Medium to Course:184.47 184.74

Occasional quartz clast.

Page 8 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

184.74 185.02 Lithology: Pebble Quartz 03687 184.74 185.02 0.28

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:184.74 185.02

185.02 185.51 Lithology: Quartzite 03690 185.02 185.51 0.49

Texture- Grain Size : Medium to Course:185.02 185.51

Ocasional quartz clast.

185.51 185.64 Lithology: Pebble Quartz 03691 185.51 185.64 0.13

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:185.51 185.64

Mineralization- Min Type : Pyrite:185.51 185.64

<1%

185.64 185.77 Lithology: Quartz Pebble Conglomerate 03692 185.64 185.77 0.13

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:185.64 185.77

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:185.64 185.77

185.77 185.89 Lithology: Pebble Quartz 03693 185.77 185.89 0.12

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Angular Packing : Loosely Packed:185.77 185.89

Smokey quartz. Occasional mafic clast.

Mineralization- Min Type : Pyrite:185.77 185.89

<1%

185.89 186.27 Lithology: Quartzite 03694 185.89 186.27 0.38

Texture- Grain Size : Medium to Course:185.89 186.27

Occasional quartz clast.

Page 9 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

186.27 186.67 Lithology: Pebble Quartz 03695 186.27 186.67 0.40

Texture- Texture Type : Pebble Grain Size : Medium to

Course Packing : Loosely Packed:186.27 186.67

186.67 186.87 Lithology: Pebble Quartz 03696 186.67 186.87 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed

:186.67 186.87

White angular quartz.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:186.67 186.87

186.87 187.26 Lithology: Quartzite 03697 186.87 187.26 0.39

Texture- Grain Size : Medium to Course:186.87 187.26

Occasional 2cm quartz pebble.

Colour- Colour 1 : Green Colour Tone 1 : Medium:186.87 187.26

187.26 187.33 Lithology: Pebble Quartz 03698 187.26 187.33 0.07

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed:187.26 187.33

Smokey

Mineralization- Min Type : Pyrite:187.26 187.33

<1%

187.33 187.91 Lithology: Quartzite 03699 187.33 187.91 0.58

Texture- Grain Size : Coarse:187.33 187.91

Colour- Colour 1 : Green Colour Tone 1 : Medium:187.33 187.91

Page 10 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

187.91 188.06 Lithology: Pebble Quartz 03700 187.91 188.06 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:187.91 188.06

Mineralization- Min Type : Pyrite:187.91 188.06

<1%

188.06 188.23 Lithology: Pebble Quartz 03701 188.06 188.23 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:188.06 188.23

188.23 188.46 Lithology: Quartzite 03702 188.23 188.46 0.23

Texture- Grain Size : Medium Grain:188.23 188.46

Occasional quartz clast.

188.46 188.60 Lithology: Quartzite 03703 188.46 188.60 0.14

Texture- Grain Size : Medium Grain:188.46 188.60

Colour- Colour 1 : Green Colour Tone 1 : Medium:188.46 188.60

188.60 188.75 Lithology: Quartzite 03704 188.60 188.75 0.15

Texture- Grain Size : Fine Grain:188.60 188.75

Occasional white quartz clast to 2cm - barren.

Page 11 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

188.75 188.85 Lithology: Pebble Quartz 03705 188.75 188.85 0.10HW MCB

Horizon188.75 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:188.75 188.85

Few quartz pebbles at top contact.

Mineralization- Min Type : Pyrite:188.75 188.85

<1%

188.85 189.02 Lithology: Quartz Pebble Conglomerate 03706 188.85 189.02 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:188.85 189.02

Smokey with fine pyrite.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:188.85 189.02

Fine pyrite.

189.02 189.22 Lithology: Quartz Pebble Conglomerate 03707 189.02 189.22 0.20

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:189.02 189.22

Mix of smokey and white pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:189.02 189.22

Occasional pyrite bleb.

Page 12 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

189.22 189.41 Lithology: Quartz Pebble Conglomerate 03708 189.22 189.41 0.19

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed

:189.22 189.41

Mix of white, smokey, mafic clasts.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:189.22 189.41

Fine.

189.41 189.70 Lithology: Quartz Pebble Conglomerate 03711 189.41 189.70 0.29

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:189.41 189.70

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 3 Min Texture :

Detrital:189.41 189.70

Fine.

189.70 189.87 Lithology: Quartz Pebble Conglomerate 03712 189.70 189.87 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:189.70 189.87

Smokey quartz. Occasional mafic clast.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:189.70 189.87

189.87 190.04 Lithology: Quartz Pebble Conglomerate 03713 189.87 190.04 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:189.87 190.04

Smokey and mafic quartz

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:189.87 190.04

Page 13 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

190.04 190.22 Lithology: Quartz Pebble Conglomerate 03714 190.04 190.22 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:190.04 190.22

Mix of smokey, mafic, chert pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:190.04 190.22

190.22 190.52 Lithology: Quartz Pebble Conglomerate 03715 190.22 190.52 0.30

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:190.22 190.52

Smokey quartz, mafic shards.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:190.22 190.52

190.52 190.83 Lithology: Pebble Quartz 03716 190.52 190.83 0.31

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Angular Packing : Loosely Packed:190.52 190.83

Few white quartz and mafic shards.

Colour- Colour 1 : Green Colour Tone 1 : Medium:190.52 190.83

Mineralization- Min Type : Pyrite:190.52 190.83

<1%

Page 14 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

190.83 191.19 Lithology: Quartz Pebble Conglomerate 03717 190.83 191.19 0.36

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:190.83 191.19

Very smokey, mafic clasts, heavy pyrite.

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:190.83 191.19

191.19 191.34 Lithology: Quartz Pebble Conglomerate 03718 191.19 191.34 0.1503719 191.19 191.34 0.15Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:191.19 191.34

Smokey and cherty clasts.

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Detrital:191.19 191.34

Odd chalcopyrite.

191.34 191.52 Lithology: Quartz Pebble Conglomerate 03720 191.34 191.51 0.1703721 191.51 191.90 0.39FW MCB. Sharp contact with quartzite - butt ground on first piece of quartzite.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:191.34 191.52

Larger smokey pebbles with striations. Some elongated.

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:191.34 191.52

Page 15 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

191.52 191.90 Lithology: Quartzite

Horizon191.52 : Wall Type : Foot Wall

Texture- Texture Type : Massive Grain Size : Medium Grain:191.52 191.90

Colour- Colour 1 : Green Colour Tone 1 : Medium:191.52 191.90

191.90 192.22 Lithology: Quartzite 03722 191.90 192.22 0.32

Texture- Texture Type : Massive Grain Size : Medium to

Course:191.90 192.22

Colour- Colour 1 : Green Colour Tone 1 : Medium:191.90 192.22

192.22 203.16 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium to

Course:192.22 203.16

Colour- Colour 1 : Green Colour Tone 1 : Medium:192.22 203.16

203.16 204.48 Lithology: Quartzite 03723 204.47 204.71 0.24

Texture- Texture Type : Massive Grain Size : Fine Grain:203.16 204.48

Occasional 2cm white quartz clast.

Colour- Colour 1 : Grey Colour Tone 1 : Medium:203.16 204.48

Light green hue.

Page 16 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

204.48 204.71 Lithology: Quartzite

Texture- Texture Type : Mottled Grain Size : Medium Grain:204.48 204.71

Colour- Colour 1 : Grey:204.48 204.71

204.71 204.90 Lithology: Quartz Pebble Conglomerate 03724 204.71 204.90 0.19Basically a mix of quartz breccia and bull quart mixed with massive pyrite at theunconformity.Remnants of Basal Conglomerate bed.

Texture- Texture Type : Cobble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:204.71 204.90

Bull quartz.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Massive:204.71 204.90

204.90 205.30 Lithology: Metamorphic Volcanics 03725 204.90 205.30 0.40Unconformity slightly obscurred and broken.

Horizon204.90 : Wall Type : Unconformity

Unconformity

Texture- Texture Type : Massive Grain Size : Very Fine Grain:204.90 205.30

Massice basalt - chlorite.

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:204.90 205.30

Page 17 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

205.30 205.77 Lithology: Metamorphic Volcanics

Texture- Texture Type : Massive Grain Size : Very Fine Grain:205.30 205.77

Massive basalt - chloritic , fairly soft.

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:205.30 205.77

205.77 212.00 Lithology: Metamorphic Volcanics

Texture- Texture Type : Banding Grain Size : Fine Grain:205.77 212.00

Chlorite schist.

Alteration- Alt Type : Hematite Alt Intensity : Weak Alt Pct

VE : Banded:206.00 206.60

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY180.93 181.2703671181.27 181.4803672181.48 181.6803673181.68 182.0303674182.03 182.3403675182.34 182.5303676182.53 182.9803677182.98 183.3303678183.33 183.6403679183.64 183.9503680183.95 184.1003681184.10 184.2103682184.21 184.2503683184.25 184.3503684184.35 184.4703685184.47 184.7403686184.74 185.0203687185.02 185.5103690185.51 185.6403691185.64 185.7703692185.77 185.8903693185.89 186.2703694

Page 18 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY186.27 186.6703695186.67 186.8703696186.87 187.2603697187.26 187.3303698187.33 187.9103699187.91 188.0603700188.06 188.2303701188.23 188.4603702188.46 188.6003703188.60 188.7503704188.75 188.8503705188.85 189.0203706189.02 189.2203707189.22 189.4103708189.41 189.7003711189.70 189.8703712189.87 190.0403713190.04 190.2203714190.22 190.5203715190.52 190.8303716190.83 191.1903717191.19 191.3403718191.34 191.5103720191.51 191.9003721191.90 192.2203722204.47 204.7103723204.71 204.9003724204.90 205.3003725

Sample Type DUP191.19 191.3403719

Sample Type Blank0370903688

Sample Type DL-1A03689

Sample Type UTS-303710

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

6.00 8.00 2.00 1.78 89.00 2.00 100.00

- PELE MOUNTAIN RESOURCES

I

I I I

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Page 19 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

8.00 11.00 3.00 3.00 100.00 3.00 100.00

11.00 14.00 3.00 2.68 89.33 3.00 100.00

14.00 17.00 3.00 2.30 76.67 3.00 100.00

17.00 20.00 3.00 2.60 86.67 3.00 100.00

20.00 23.00 3.00 2.84 94.67 3.00 100.00

23.00 26.00 3.00 2.10 70.00 3.00 100.00

26.00 29.00 3.00 3.00 100.00 3.00 100.00

29.00 32.00 3.00 3.00 100.00 3.00 100.00

32.00 35.00 3.00 2.47 82.33 3.00 100.00

35.00 38.00 3.00 2.75 91.67 3.00 100.00

38.00 41.00 3.00 1.93 64.33 3.00 100.00

41.00 44.00 3.00 2.10 70.00 3.00 100.00

44.00 47.00 3.00 2.75 91.67 3.00 100.00

47.00 50.00 3.00 2.39 79.67 3.00 100.00

50.00 53.00 3.00 2.95 98.33 3.00 100.00

53.00 56.00 3.00 2.95 98.33 3.00 100.00

56.00 59.00 3.00 2.75 91.67 3.00 100.00

59.00 62.00 3.00 0.93 31.00 3.00 100.00

62.00 65.00 3.00 1.62 54.00 3.00 100.00

65.00 68.00 3.00 1.60 53.33 3.00 100.00

68.00 71.00 3.00 2.10 70.00 3.00 100.00

71.00 74.00 3.00 1.42 47.33 3.00 100.00

74.00 77.00 3.00 2.94 98.00 3.00 100.00

77.00 80.00 3.00 3.00 100.00 3.00 100.00

80.00 83.00 3.00 3.00 100.00 3.00 100.00

83.00 86.00 3.00 2.89 96.33 3.00 100.00

86.00 89.00 3.00 3.00 100.00 3.00 100.00

89.00 92.00 3.00 3.00 100.00 3.00 100.00

92.00 95.00 3.00 3.00 100.00 3.00 100.00

95.00 98.00 3.00 3.00 100.00 3.00 100.00

98.00 101.00 3.00 2.94 98.00 3.00 100.00

101.00 104.00 3.00 2.20 73.33 3.00 100.00

104.00 107.00 3.00 3.00 100.00 3.00 100.00

Page 20 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

107.00 110.00 3.00 2.90 96.67 3.00 100.00

110.00 113.00 3.00 3.00 100.00 3.00 100.00

113.00 116.00 3.00 2.85 95.00 3.00 100.00

116.00 119.00 3.00 3.00 100.00 3.00 100.00

119.00 122.00 3.00 3.00 100.00 3.00 100.00

122.00 125.00 3.00 3.00 100.00 3.00 100.00

125.00 128.00 3.00 3.00 100.00 3.00 100.00

128.00 131.00 3.00 3.00 100.00 3.00 100.00

131.00 134.00 3.00 3.00 100.00 3.00 100.00

134.00 137.00 3.00 3.00 100.00 3.00 100.00

137.00 140.00 3.00 3.00 100.00 3.00 100.00

140.00 143.00 3.00 2.74 91.33 3.00 100.00

143.00 146.00 3.00 3.00 100.00 3.00 100.00

146.00 149.00 3.00 2.95 98.33 3.00 100.00

149.00 152.00 3.00 3.00 100.00 3.00 100.00

152.00 155.00 3.00 3.00 100.00 3.00 100.00

155.00 158.00 3.00 3.00 100.00 3.00 100.00

158.00 161.00 3.00 2.60 86.67 3.00 100.00

161.00 164.00 3.00 2.89 96.33 3.00 100.00

164.00 167.00 3.00 3.00 100.00 3.00 100.00

167.00 170.00 3.00 3.00 100.00 3.00 100.00

170.00 173.00 3.00 2.75 91.67 3.00 100.00

173.00 176.00 3.00 2.70 90.00 3.00 100.00

176.00 179.00 3.00 2.70 90.00 3.00 100.00

179.00 182.00 3.00 3.00 100.00 3.00 100.00

182.00 185.00 3.00 3.00 100.00 3.00 100.00

185.00 188.00 3.00 3.00 100.00 3.00 100.00

188.00 191.00 3.00 3.00 100.00 3.00 100.00

191.00 194.00 3.00 3.00 100.00 3.00 100.00

194.00 197.00 3.00 2.94 98.00 3.00 100.00

197.00 200.00 3.00 2.54 84.67 3.00 100.00

200.00 203.00 3.00 3.00 100.00 3.00 100.00

203.00 206.00 3.00 2.36 78.67 3.00 100.00

Page 21 of 21Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM159 Units: METRICPM-08-YaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

206.00 209.00 3.00 2.75 91.67 3.00 100.00

209.00 212.00 3.00 3.00 100.00 3.00 100.00

Page 1 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-73.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Oct 23, 2008Date Started:

Date Completed: Oct 25, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 288.90

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138572.00

East: 3835592.00

Elev: 358.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 27.00 Lithology: CasingMix of granite rubble, diabase boulders and brecciated mudstone. 3. 0 mrecovered.

27.00 62.20 Lithology: Argillite

Texture- Texture Type : Massive Grain Size : Very Fine Grain:27.00 62.20

Very fine layering.

Colour- Colour 1 : Black:27.00 62.20

Structure:27.00 Structure Type : Bedding Plane Joint

Core generally broken and chippy.

Page 2 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

62.20 88.18 Lithology: GreywackeInterbedded argillite, argilliceous quartzite and one section of mottledcarbonaceous greywacke.

Horizon62.20 : Wall Type : Hanging Wall

Stinson

Texture- Texture Type : Mottled Grain Size : Fine Grain:62.20 88.18

Interbedded argillite and greywacke.

Colour- Colour 1 : Black:62.20 88.18

Structure:62.25 Angle : 10.000 Structure Type : Fracture

Few high angle fractures through this section. Core not as chippy but stillblocky.

:84.80 Angle : 85.000 Thickness Along Core : 0.05 StructureType : Breccia Structure Fill Mat : Mud

Small breccia.:84.85 Angle : 85.000 Structure Type : Joints

Chippy ground in very fine siltstone or argillite. Fine light grey layering withcarbonate.

88.18 110.80 Lithology: QuartziteOccasional tiny white clasts and fine layering.

Texture- Texture Type : Massive Grain Size : Very Fine Grain:88.18 110.80

Occasioinal fine pyritic band. Ground blocky.

Colour- Colour 1 : Buff Brown Colour Tone 1 : Light:88.18 110.80

Slightly grey-green tinge.

110.80 144.20 Lithology: QuartziteBasically a very light coloured pebble quartzite zone with white quartz clasts andmafic clasts.Slight sericitic alteration. Ground blocky. Slight buff colour as well. Very faintbedding.

Texture- Texture Type : Massive Grain Size : Medium Grain:110.80 144.20

Occasional quartz and mafic clast to 1cm.

Page 3 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

144.20 194.35 Lithology: QuartziteMedium grain light grey quartzite. Occasional quartz clast. 160 m to 169 m -Quartz pebble conglomerate.Weak pebbley quartz. Included in this is some fine pyritic banding - 162.3 to166.4.

194.35 249.68 Lithology: QuartziteTypical Ryan , green quartzite. Occasional quartz clast and numerous narrowdark bands of smokeyquartz and trace pyrite.

Horizon194.35 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:194.35 249.68

Colour- Colour 1 : Green Colour Tone 1 : Light:194.35 249.68

249.68 250.02 Lithology: Quartzite 03629 249.68 250.02 0.34

Texture- Grain Size : Medium Grain:249.68 250.02

Colour- Colour 1 : Green Colour Tone 1 : Light:249.68 250.02

250.02 250.34 Lithology: Quartz Pebble Conglomerate 03630 250.02 250.34 0.32Poorly developed floater reef.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed

:250.02 250.34

Smokey.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:250.02 250.34

Page 4 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

250.34 250.63 Lithology: Quartzite 03631 250.34 250.63 0.29

Texture- Grain Size : Medium to Course:250.34 250.63

Colour- Colour 1 : Green Colour Tone 1 : Medium:250.34 250.63

250.63 250.81 Lithology: Quartz Pebble Conglomerate 03632 250.63 250.81 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:250.63 250.81

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:250.63 250.81

250.81 250.90 Lithology: Quartzite 03633 250.81 250.90 0.09

Texture- Grain Size : Medium to Course:250.81 250.90

Colour- Colour 1 : Green Colour Tone 1 : Medium:250.81 250.90

250.90 251.03 Lithology: Quartz Pebble Conglomerate 03634 250.90 251.03 0.13

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed

:250.90 251.03

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:250.90 251.03

Page 5 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

251.03 251.32 Lithology: Pebble Quartz 03635 251.03 251.32 0.29

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:251.03 251.32

Mineralization- Min Type : Pyrite Min Texture : Detrital:251.03 251.32

<1%

251.32 251.69 Lithology: Quartzite 03638 251.32 251.69 0.37

Texture- Grain Size : Medium to Course:251.32 251.69

Few dark stringers.

Colour- Colour 1 : Green Colour Tone 1 : Medium:251.32 251.69

251.69 264.35 Lithology: QuartziteFloater beds @ 254.33 (8cm); 255.80(4cm); 256.05(8cm); 257.13(17cm -poor);258.20(8cn);261.70(18cm); 262.90(23cm). Basically, loosely packed smokey pebbles and finepyrite.

Texture- Grain Size : Medium to Course:251.69 264.35

Numerous dark bands and narrow PBQZ beds.

Colour- Colour 1 : Green Colour Tone 1 : Medium:251.69 264.35

264.35 264.84 Lithology: Quartzite 03639 264.35 264.84 0.49

Texture- Grain Size : Medium to Course:264.35 264.84

Few dark bands.

Colour- Colour 1 : Green Colour Tone 1 : Medium:264.35 264.84

Page 6 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

264.84 264.92 Lithology: Quartz Pebble Conglomerate 03640 264.84 264.92 0.08

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:264.84 264.92

Mineralization- Min Type : Pyrite Min Texture : Detrital:264.84 264.92

<1%

264.92 265.00 Lithology: Quartzite 03641 264.92 265.00 0.08

Texture- Grain Size : Medium to Course:264.92 265.00

Colour- Colour 1 : Green:264.92 265.00

265.00 265.17 Lithology: Quartz Pebble Conglomerate 03642 265.00 265.17 0.17

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:265.00 265.17

Few dark stringers.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:265.00 265.17

265.17 265.50 Lithology: Quartzite 03643 265.17 265.50 0.33

Texture- Grain Size : Medium to Course:265.17 265.50

Colour- Colour 1 : Green Colour Tone 1 : Light:265.17 265.50

265.50 265.74 Lithology: Quartzite 03644 265.50 265.74 0.24

Texture- Grain Size : Medium to Course:265.50 265.74

Colour- Colour 1 : Green Colour Tone 1 : Light:265.50 265.74

Page 7 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

265.74 265.95 Lithology: Quartz Pebble Conglomerate 03645 265.74 265.95 0.21HW MCB

Horizon265.74 : Wall Type : Hanging Wall

HW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:265.74 265.95

One good band at HW.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:265.74 265.95

265.95 266.15 Lithology: Quartz Pebble Conglomerate 03646 265.95 266.15 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:265.95 266.15

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:265.95 266.15

266.15 266.37 Lithology: Quartz Pebble Conglomerate 03647 266.15 266.37 0.22

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:266.15 266.37

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:266.15 266.37

Page 8 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

266.37 266.47 Lithology: Quartz Pebble Conglomerate 03648 266.37 266.47 0.10

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:266.37 266.47

Smokey matrix.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:266.37 266.47

266.47 266.64 Lithology: Pebble Quartz 03649 266.47 266.64 0.17

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:266.47 266.64

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Disseminated:266.47 266.64

Fine pyrite.

266.64 266.87 Lithology: Quartzite 03650 266.64 266.87 0.23

Texture- Grain Size : Medium to Course:266.64 266.87

Colour- Colour 1 : Green Colour Tone 1 : Medium:266.64 266.87

266.87 267.14 Lithology: Quartz Pebble Conglomerate 03651 266.87 267.14 0.27

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:266.87 267.14

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:266.87 267.14

Page 9 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

267.14 267.20 Lithology: Pebble Quartz 03652 267.14 267.20 0.06

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:267.14 267.20

Mineralization- Min Type : Pyrite:267.14 267.20

<1%

267.20 267.44 Lithology: Quartz Pebble Conglomerate 03653 267.20 267.44 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:267.20 267.44

Smokey.

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:267.20 267.44

267.44 267.55 Lithology: Quartzite 03654 267.44 267.55 0.11

Texture- Grain Size : Medium Grain:267.44 267.55

Colour- Colour 1 : Green Colour Tone 1 : Medium:267.44 267.55

267.55 267.71 Lithology: Quartz Pebble Conglomerate 03655 267.55 267.71 0.16

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:267.55 267.71

Smokey.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:267.55 267.71

Page 10 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

267.71 267.83 Lithology: Quartzite 03656 267.71 267.83 0.12

Texture- Grain Size : Medium to Course:267.71 267.83

Colour- Colour 1 : Green Colour Tone 1 : Medium:267.71 267.83

267.83 267.92 Lithology: Quartz Pebble Conglomerate 03657 267.83 267.92 0.09

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:267.83 267.92

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:267.83 267.92

267.92 268.30 Lithology: Quartzite 03658 267.92 268.30 0.38

Texture- Grain Size : Medium to Course:267.92 268.30

Colour- Colour 1 : Green Colour Tone 1 : Medium:267.92 268.30

268.30 268.50 Lithology: Quartz Pebble Conglomerate 03659 268.30 268.50 0.2003660 268.30 268.50 0.20Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:268.30 268.50

White quartz pebbles and smokey groundmass.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:268.30 268.50

Page 11 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

268.50 268.67 Lithology: Pebble Quartz 03661 268.50 268.67 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:268.50 268.67

Few pebbles.

Mineralization- Min Type : Pyrite Min Texture : Disseminated:268.50 268.67

<1%

268.67 268.75 Lithology: Quartz Pebble Conglomerate 03662 268.67 268.75 0.08FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:268.67 268.75

Mineralization- Min Type : Pyrite:268.67 268.75

<1%

268.75 268.93 Lithology: Quartzite 03663 268.75 268.93 0.18

Horizon268.75 : Wall Type : Foot Wall

FW MCB

Texture- Grain Size : Medium to Course:268.75 268.93

Few stringers.

Colour- Colour 1 : Green Colour Tone 1 : Medium:268.75 268.93

268.93 269.22 Lithology: Quartzite 03664 268.93 269.22 0.29

Texture- Grain Size : Medium to Course:268.93 269.22

Colour- Colour 1 : Green:268.93 269.22

Page 12 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

269.22 280.05 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium to

Course:269.22 280.05

Colour- Colour 1 : Green Colour Tone 1 : Light:269.22 280.05

Structure:272.60 Angle : 10.000 Structure Type : Fracture

Strong fracture with bit of dark infill and minor k-feldspar alterationradiating out.

280.05 280.33 Lithology: Quartzite 03665 280.05 280.33 0.28Occasional quartz pebble.

Texture- Texture Type : Massive Grain Size : Fine Grain:280.05 280.33

Colour- Colour 1 : Green Colour Tone 1 : Medium:280.05 280.33

280.33 280.51 Lithology: Quartz Pebble Conglomerate 03666 280.33 280.51 0.18Basal.

Horizon280.33 : Wall Type : Hanging Wall

HW BCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:280.33 280.51

Few pebbles and buckshot pyrite.

Mineralization- Min Type : Pyrite Min Texture : Buckshot:280.33 280.51

<1%

Page 13 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

280.51 280.90 Lithology: Quartz Pebble Conglomerate 03667 280.51 280.90 0.39Basal conglomerate. Scint reading 5000 cps.

Horizon280.88 :

Unconformity- paleosoil and tuffaceous andesite. Fine grain.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:280.51 280.90

Occasional cobble to 5cm. Groundmass mostly buckshot pyrite. Smokeypebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 50 Min Texture :

Buckshot:280.51 280.90

Occasional pyrrhotite.

280.90 281.48 Lithology: Unconformity 03670 280.90 281.48 0.58Appears to be sediments but interbedded with paleosoil and tuffaceous andesite.(no phenocrysts)

Texture- Texture Type : Massive Grain Size : Fine Grain:280.90 281.48

Colour- Colour 1 : Grey Colour Tone 1 : Light:280.90 281.48

Structure:280.90 Angle : 85.000 Structure Type : Unconformity

281.48 288.90 Lithology: Metamorphic VolcanicsFirst meter is dense basalt - chloritic, soft. 30cm bull quartz vein with massivepyrrhotite.Bottom of hole is chlorite schist.

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY249.68 250.0203629250.02 250.3403630250.34 250.6303631250.63 250.8103632250.81 250.9003633

Page 14 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY250.90 251.0303634251.03 251.3203635251.32 251.6903638264.35 264.8403639264.84 264.9203640264.92 265.0003641265.00 265.1703642265.17 265.5003643265.50 265.7403644265.74 265.9503645265.95 266.1503646266.15 266.3703647266.37 266.4703648266.47 266.6403649266.64 266.8703650266.87 267.1403651267.14 267.2003652267.20 267.4403653267.44 267.5503654267.55 267.7103655267.71 267.8303656267.83 267.9203657267.92 268.3003658268.30 268.5003659268.50 268.6703661268.67 268.7503662268.75 268.9303663268.93 269.2203664280.05 280.3303665280.33 280.5103666280.51 280.9003667280.90 281.4803670

Sample Type DUP268.30 268.5003660

Sample Type Blank0366803636

Sample Type DL-1A03637

Sample Type UTS-403669

- PELE MOUNTAIN RESOURCES

Page 15 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

27.00 28.00 1.00 0.10 10.00 0.84 84.00

28.00 31.00 3.00 2.54 84.67 2.78 92.67

31.00 34.00 3.00 1.97 65.67 3.00 100.00

34.00 37.00 3.00 2.14 71.33 3.00 100.00

37.00 40.00 3.00 0.86 28.67 3.00 100.00

40.00 43.00 3.00 1.99 66.33 3.00 100.00

43.00 46.00 3.00 1.68 56.00 3.00 100.00

46.00 49.00 3.00 1.90 63.33 3.00 100.00

49.00 52.00 3.00 2.72 90.67 3.00 100.00

52.00 55.00 3.00 2.40 80.00 3.00 100.00

55.00 58.00 3.00 1.47 49.00 3.00 100.00

58.00 61.00 3.00 2.40 80.00 3.00 100.00

61.00 64.00 3.00 1.63 54.33 3.00 100.00

64.00 67.00 3.00 2.78 92.67 3.00 100.00

67.00 70.00 3.00 1.43 47.67 3.00 100.00

70.00 73.00 3.00 3.00 100.00 3.00 100.00

73.00 76.00 3.00 3.00 100.00 3.00 100.00

76.00 79.00 3.00 2.92 97.33 3.00 100.00

79.00 82.00 3.00 2.48 82.67 3.00 100.00

82.00 85.00 3.00 2.33 77.67 3.00 100.00

85.00 88.00 3.00 0.67 22.33 3.00 100.00

88.00 91.00 3.00 1.57 52.33 3.00 100.00

91.00 94.00 3.00 2.40 80.00 3.00 100.00

94.00 97.00 3.00 1.43 47.67 3.00 100.00

97.00 100.00 3.00 0.76 25.33 3.00 100.00

100.00 103.00 3.00 3.00 100.00 3.00 100.00

103.00 106.00 3.00 2.30 76.67 3.00 100.00

106.00 109.00 3.00 2.33 77.67 3.00 100.00

109.00 112.00 3.00 2.78 92.67 3.00 100.00

112.00 115.00 3.00 2.88 96.00 3.00 100.00

115.00 118.00 3.00 3.00 100.00 3.00 100.00

118.00 121.00 3.00 2.30 76.67 3.00 100.00

121.00 124.00 3.00 3.00 100.00 3.00 100.00

Page 16 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

124.00 127.00 3.00 3.00 100.00 3.00 100.00

127.00 130.00 3.00 1.52 50.67 3.00 100.00

130.00 133.00 3.00 0.70 23.33 3.00 100.00

133.00 136.00 3.00 1.67 55.67 3.00 100.00

136.00 139.00 3.00 2.54 84.67 3.00 100.00

139.00 142.00 3.00 1.61 53.67 3.00 100.00

142.00 145.00 3.00 2.30 76.67 3.00 100.00

145.00 148.00 3.00 2.60 86.67 3.00 100.00

148.00 151.00 3.00 1.90 63.33 3.00 100.00

151.00 154.00 3.00 3.00 100.00 3.00 100.00

154.00 157.00 3.00 1.96 65.33 3.00 100.00

157.00 160.00 3.00 1.12 37.33 3.00 100.00

160.00 163.00 3.00 2.56 85.33 3.00 100.00

163.00 166.00 3.00 2.80 93.33 3.00 100.00

166.00 169.00 3.00 3.00 100.00 3.00 100.00

169.00 172.00 3.00 2.14 71.33 3.00 100.00

172.00 175.00 3.00 2.20 73.33 3.00 100.00

175.00 178.00 3.00 2.57 85.67 3.00 100.00

178.00 181.00 3.00 2.75 91.67 3.00 100.00

181.00 184.00 3.00 2.50 83.33 3.00 100.00

184.00 187.00 3.00 2.40 80.00 3.00 100.00

187.00 190.00 3.00 1.80 60.00 3.00 100.00

190.00 193.00 3.00 2.50 83.33 3.00 100.00

193.00 196.00 3.00 3.00 100.00 3.00 100.00

196.00 199.00 3.00 3.00 100.00 3.00 100.00

199.00 202.00 3.00 3.00 100.00 3.00 100.00

202.00 205.00 3.00 3.00 100.00 3.00 100.00

205.00 208.00 3.00 3.00 100.00 3.00 100.00

208.00 211.00 3.00 3.00 100.00 3.00 100.00

211.00 214.00 3.00 3.00 100.00 3.00 100.00

214.00 217.00 3.00 3.00 100.00 3.00 100.00

217.00 220.00 3.00 2.50 83.33 3.00 100.00

220.00 223.00 3.00 3.00 100.00 3.00 100.00

Page 17 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM158 Units: METRICPM-08-PaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

223.00 226.00 3.00 3.00 100.00 3.00 100.00

226.00 229.00 3.00 3.00 100.00 3.00 100.00

229.00 232.00 3.00 3.00 100.00 3.00 100.00

232.00 235.00 3.00 3.00 100.00 3.00 100.00

235.00 238.00 3.00 3.00 100.00 3.00 100.00

238.00 241.00 3.00 3.00 100.00 3.00 100.00

241.00 244.00 3.00 3.00 100.00 3.00 100.00

244.00 247.00 3.00 3.00 100.00 3.00 100.00

247.00 250.00 3.00 3.00 100.00 3.00 100.00

250.00 253.00 3.00 2.50 83.33 3.00 100.00

253.00 256.00 3.00 3.00 100.00 3.00 100.00

256.00 259.00 3.00 3.00 100.00 3.00 100.00

259.00 262.00 3.00 3.00 100.00 3.00 100.00

262.00 265.00 3.00 2.77 92.33 3.00 100.00

265.00 268.00 3.00 2.45 81.67 3.00 100.00

268.00 271.00 3.00 3.00 100.00 3.00 100.00

271.00 274.00 3.00 2.40 80.00 3.00 100.00

274.00 277.00 3.00 3.00 100.00 3.00 100.00

277.00 280.00 3.00 2.20 73.33 3.00 100.00

280.00 283.00 3.00 1.60 53.33 3.00 100.00

283.00 286.00 3.00 3.00 100.00 3.00 100.00

286.00 288.90 2.90 2.90 100.00 2.90 100.00

Page 1 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-80.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Oct 21, 2008Date Started:

Date Completed: Oct 24, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 245.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138338.00

East: 383095.00

Elev: 378.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 17.64 Lithology: ArgilliteArgilliceous quartzite/greywacke. Fair bit of carbonate in lighter sections.Kind of mottled texture in part.

Texture- Texture Type : Mottled Grain Size : Fine Grain:0 17.64

Lighter sedimentary beds mostly calcite. - light grey.

Alteration- Alt Type : Oxidation Alt Pct VE : Fracture

Controlled:0 17.64

Rusty fractures near surface.17.64 18.30 Lithology: Vein

Bull quartz vein with mafic shards. Contact is clean but ragged. 50 deg to LCA

Horizon17.64 : Wall Type : Hanging Wall

Stinson

18.30 21.00 Lithology: GreywackeOccasional angular calcite clast - buff colour. Plagioclase phenocrysts. Looks likelamprophyre.Grades into medium grey quartzite.

Texture- Texture Type : Massive Grain Size : Fine to Medium

Grain Rounding : Sub-Angular:18.30 21.00

Tiny white phenocrysts and carbonate veinlets. Increase in carbonate ingroundmass to bottom.

Page 2 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

21.00 31.47 Lithology: QuartziteStinson grey quartzite with numerous pyritic bands 80 deg to LCA.Banding is obvious but weak in terms of radioactivity.Best is 2x background at ~ 450 cps.

Texture- Texture Type : Banding Grain Size : Medium Grain:21.00 31.47

Colour- Colour 1 : Grey Colour Tone 1 : Medium:21.00 31.47

31.47 44.80 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium Grain:31.47 44.80

Colour- Colour 1 : Grey Colour Tone 1 : Light:31.47 44.80

44.80 62.68 Lithology: Pebble QuartzMassive, pebble conglomerate with no min. Slight sericitic alteration.Mainly white quartz clasts.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed Supported : Matrix Supported

:44.80 62.68

Basically a psuedo conglomeratic zone. No real bedding features.

Colour- Colour 1 : Grey Colour Tone 1 : Light:44.80 62.68

Structure:61.70 Angle : 25.000 Structure Type : Fracture

Buff siltstone coating on fracture surface.

Page 3 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

62.68 104.36 Lithology: QuartziteFaint pyritic banding @ 81.4 to 83.5. Laminated siltstone, quartzite @ 90 to 103m.

Texture- Texture Type : Banding Grain Size : Fine Grain:62.68 104.36

80 deg bedding. Few siltstone beds.

Colour- Colour 1 : Grey Colour Tone 1 : Medium Colour

2 : Buff Brown Colour Tone 2 : Light:62.68 104.36

Structure:69.00 Angle : 10.000 Structure Type : Fracture

:77.50 Angle : 10.000 Structure Type : Fracture

:84.30 Angle : 10.000 Structure Type : Fracture

:86.00 Angle : 10.000 Structure Type : FractureFractured ground from 86 to 87m

:92.00 Angle : 40.000 Structure Type : DykeRagged contact.

:101.50 Angle : 5.000 Structure Type : FractureFractured ground from 101.5 to 104.36

104.36 113.57 Lithology: QuartziteMostly a grey pebble quartzite with 1cm white and mafic clasts. Slight greentinge.

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:104.36 113.57

Colour- Colour 1 : Grey Colour Tone 1 : Light:104.36 113.57

Page 4 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

113.57 113.77 Lithology: Silt StoneFine grain dark carbonaceous sill of siltstone or mafic material. Fairly soft. Sharp,clean contacts.Bedding is 80 deg to LCA. Basically a mafic sill intruding along bedding planes.Contacts coated ingreen quartzite.

Texture- Texture Type : Fine Bedding Grain Size : Fine Grain:113.57 113.77

Colour- Colour 1 : Black Colour Tone 1 : Medium:113.57 113.77

113.77 204.01 Lithology: QuartziteTypical light green quartzite of the Ryan member. Occasional quartz clast andnumerous narrow darkbands of smokey quartz and trace pyrite. Slight increase in narrow floater bedsto bottom.Bedding 80 to 85 deg to LCA.

Horizon113.77 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:113.77 204.01

Colour- Colour 1 : Green Colour Tone 1 : Light:113.77 175.05

204.01 204.29 Lithology: Quartzite 03578 204.01 204.29 0.28

Texture- Grain Size : Medium to Course:204.01 204.29

Colour- Colour 1 : Green Colour Tone 1 : Medium:204.01 204.29

Smokey with ocasional pea-size quartz clast.

Page 5 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

204.29 204.39 Lithology: Quartz Pebble Conglomerate 03579 204.29 204.39 0.10

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Angular:204.29 204.39

Smokey quartz and mafic clasts.

Mineralization- Min Type : Pyrite Min Texture : Buckshot:204.29 204.39

<1%

204.39 204.48 Lithology: Quartzite 03580 204.39 204.48 0.09

Texture- Grain Size : Medium to Course:204.39 204.48

Colour- Colour 1 : Green:204.39 204.48

204.48 204.56 Lithology: Quartz Pebble Conglomerate 03581 204.48 204.56 0.08

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:204.48 204.56

Smokey

Mineralization- Min Type : Pyrite:204.48 204.56

<1%

204.56 204.80 Lithology: Pebble Quartz 03582 204.56 204.80 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:204.56 204.80

Smokey

Mineralization- Min Type : Pyrite:204.56 204.80

<1%

204.80 205.21 Lithology: Quartzite 03583 204.80 205.21 0.41

Texture- Grain Size : Medium to Course:204.80 205.21

Occasional smokey pebble.

Page 6 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

205.21 206.74 Lithology: Quartzite

Texture- Grain Size : Medium to Course:205.21 206.74

Occasional quartz clast and dark band.

Colour- Colour 1 : Green Colour Tone 1 : Medium:205.21 206.74

206.74 206.88 Lithology: Quartzite 03586 206.74 206.88 0.14

Texture- Grain Size : Medium Grain:206.74 206.88

Colour- Colour 1 : Green:206.74 206.88

206.88 207.03 Lithology: Pebble Quartz 03587 206.88 207.03 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:206.88 207.03

Smokey quartz

Mineralization- Min Type : Pyrite Min Texture : Disseminated:206.88 207.03

<1%

207.03 207.26 Lithology: Pebble Quartz 03588 207.03 207.26 0.23

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:207.03 207.26

Poor207.26 207.77 Lithology: Quartzite 03589 207.26 207.77 0.51

Texture- Grain Size : Medium to Course:207.26 207.77

Occasional quartz clast and dark band.

207.77 209.36 Lithology: Quartzite

Texture- Grain Size : Medium to Course:207.77 209.36

Occasional quartz clast.

Page 7 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

209.36 209.70 Lithology: Pebble Quartz 03590 209.36 209.70 0.34

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:209.36 209.70

Smokey

Mineralization- Min Type : Pyrite Min Texture : Disseminated:209.36 209.70

<1%

209.70 210.33 Lithology: Pebble Quartz 03591 209.70 210.33 0.63

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:209.70 210.33

Smokey with dark banding.

Mineralization- Min Type : Pyrite Min Texture : Disseminated:209.70 210.33

<1%

210.33 210.74 Lithology: Pebble Quartz 03592 210.33 210.74 0.41Bleached out matrix with smokey quartz pebbles.

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:210.33 210.74

Smokey pebbles.

Mineralization- Min Type : Pyrite Min Texture : Disseminated:210.33 210.74

<1%

210.74 211.10 Lithology: Pebble Quartz 03593 210.74 211.10 0.36Bleached - light green.

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:210.74 211.10

Mineralization- Min Type : Pyrite Min Texture : Disseminated:210.74 211.10

<1%

Page 8 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

211.10 211.52 Lithology: Quartz Pebble Conglomerate 03594 211.10 211.52 0.42Bleached.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:211.10 211.52

White and smokey quartz. Light green groundmass.

Mineralization- Min Type : Pyrite Min Texture : Disseminated:211.10 211.52

<1%

211.52 211.72 Lithology: Quartzite 03595 211.52 211.72 0.20

Texture- Grain Size : Medium Grain:211.52 211.72

Occasional quartz clast.

Colour- Colour 1 : Green Colour Tone 1 : Medium:211.52 211.72

211.72 211.83 Lithology: Quartz Pebble Conglomerate 03596 211.72 211.83 0.11

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:211.72 211.83

Smokey

Mineralization- Min Type : Pyrrhotite Min Pct VE : 5 Min Texture

: Detrital:211.72 211.83

Fine pyrite.

211.83 212.05 Lithology: Quartzite 03597 211.83 212.05 0.22

Texture- Grain Size : Medium Grain:211.83 212.05

Colour- Colour 1 : Green Colour Tone 1 : Medium:211.83 212.05

Page 9 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

212.05 215.94 Lithology: Quartzite

Texture- Grain Size : Medium to Course:212.05 215.94

Occasioanl quartz clast and dark band with smokey quartz and trace pyrite.

Colour- Colour 1 : Green Colour Tone 1 : Medium:212.05 215.94

215.94 216.21 Lithology: Quartz Pebble Conglomerate 03598 215.94 216.21 0.27

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:215.94 216.21

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:215.94 216.21

216.21 217.20 Lithology: Quartzite 03599 216.21 217.20 0.99

Texture- Grain Size : Medium Grain:216.21 217.20

Occasional quartz clast.

Colour- Colour 1 : Green Colour Tone 1 : Medium:216.21 217.20

217.20 217.77 Lithology: Pebble Quartz 03600 217.20 217.77 0.57

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:217.20 217.77

Smokey.

Colour- Colour 1 : Green Colour Tone 1 : Light:217.70 218.07

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:217.20 217.77

Poor

Page 10 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

217.77 218.07 Lithology: Quartzite 03601 217.77 218.07 0.30

Texture- Grain Size : Medium Grain:217.77 218.07

218.07 218.40 Lithology: Quartzite 03602 218.07 218.40 0.33

Texture- Grain Size : Medium to Course:218.07 218.40

Colour- Colour 1 : Green Colour Tone 1 : Medium:218.07 218.40

218.40 218.66 Lithology: Quartzite 03603 218.40 218.66 0.26

Texture- Grain Size : Medium to Course:218.40 218.66

Occasional quartz clast.

218.66 219.00 Lithology: Pebble Quartz 03604 218.66 219.00 0.34

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:218.66 219.00

Few smokey pebbles and dark bands.

Colour- Colour 1 : Green Colour Tone 1 : Medium:218.66 219.00

219.00 219.15 Lithology: Quartz Pebble Conglomerate 03605 219.00 219.15 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:219.00 219.15

Smokey

Mineralization- Min Type : Pyrite Min Texture : Detrital:219.00 219.15

<1%

Page 11 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

219.15 219.30 Lithology: Quartzite 03606 219.15 219.30 0.15

Texture- Grain Size : Medium Grain:219.15 219.30

Colour- Colour 1 : Green Colour Tone 1 : Light:219.15 219.30

219.30 219.67 Lithology: Quartz Pebble Conglomerate 03607 219.30 219.67 0.37

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:219.30 219.67

White and smokey pebbles.

Mineralization- Min Type : Pyrite:219.30 219.67

<1%

219.67 219.80 Lithology: Quartzite 03608 219.67 219.80 0.13

Texture- Grain Size : Medium Grain:219.67 219.80

Colour- Colour 1 : Green Colour Tone 1 : Medium:219.67 219.80

219.80 220.05 Lithology: Pebble Quartz 03609 219.80 220.05 0.25

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:219.80 220.05

Mineralization- Min Type : Pyrite Min Texture : Detrital:219.80 220.05

<1%

220.05 220.23 Lithology: Quartzite 03610 220.05 220.23 0.18

Texture- Grain Size : Medium to Course:220.05 220.23

Colour- Colour 1 : Green Colour Tone 1 : Medium:220.05 220.23

Page 12 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

220.23 220.38 Lithology: Quartzite 03611 220.23 220.38 0.15

Texture- Grain Size : Medium Grain:220.23 220.38

Colour- Colour 1 : Green Colour Tone 1 : Medium:220.23 220.38

220.38 220.55 Lithology: Quartz Pebble Conglomerate 03612 220.38 220.55 0.17HW MCB

Horizon220.38 : Wall Type : Hanging Wall Wall Modifier : Economic

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:220.38 220.55

Mineralization- Min Type : Pyrite Min Texture : Disseminated:220.38 220.55

<1%

220.55 220.68 Lithology: Quartz Pebble Conglomerate 03613 220.55 220.68 0.13

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Angular Packing : Medium Packed:220.55 220.68

Occasional mafic clast.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:220.55 220.68

Fine pyrite

220.68 220.95 Lithology: Quartz Pebble Conglomerate 03616 220.68 220.95 0.27

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:220.68 220.95

White, smokey and occasional chert.

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:220.68 220.95

Page 13 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

220.95 221.10 Lithology: Quartz Pebble Conglomerate 03617 220.95 221.10 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:220.95 221.10

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:220.95 221.10

221.10 221.43 Lithology: Quartz Pebble Conglomerate 03618 221.10 221.43 0.3303619 221.10 221.43 0.33Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:221.10 221.43

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:221.10 221.43

221.43 221.67 Lithology: Quartz Pebble Conglomerate 03620 221.43 221.67 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:221.43 221.67

Smokey, occasional weak k-feldspar clast.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:221.43 221.67

221.67 221.88 Lithology: Quartz Pebble Conglomerate 03621 221.67 221.88 0.21

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:221.67 221.88

Assorted pebbles. Smokey.

Mineralization- Min Type : Pyrite Min Pct VE : 3 Min Texture :

Detrital:221.67 221.88

Page 14 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

221.88 222.00 Lithology: Quartz Pebble Conglomerate 03622 221.88 222.00 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:221.88 222.00

Mineralization- Min Type : Pyrite Min Texture : Detrital:221.88 222.00

<1%

222.00 222.18 Lithology: Quartz Pebble Conglomerate 03623 222.00 222.18 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:222.00 222.18

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:222.00 222.18

Smokey

222.18 222.52 Lithology: Quartz Pebble Conglomerate 03624 222.18 222.52 0.34Best conglomerate of section.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:222.18 222.52

Smokey, chert and mafic pebbles. Striations in quartz clasts.

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Buckshot:222.18 222.52

222.52 222.69 Lithology: Quartzite 03625 222.52 222.69 0.17

Texture- Grain Size : Medium Grain:222.52 222.69

Colour- Colour 1 : Green Colour Tone 1 : Light:222.52 222.69

Page 15 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

222.69 222.82 Lithology: Quartz Pebble Conglomerate 03626 222.69 222.82 0.13FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:222.69 222.82

Light green cement. Striated quartz clast.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:222.69 222.82

At bottom

222.82 223.08 Lithology: Quartzite 03627 222.82 223.08 0.26FW Quartzite

Horizon222.82 : Wall Type : Foot Wall

Texture- Texture Type : Semi-massive Grain Size : Medium to

Course:222.82 223.08

Colour- Colour 1 : Green Colour Tone 1 : Medium:222.82 223.08

223.08 223.58 Lithology: Quartzite 03628 223.08 223.58 0.50

Texture- Texture Type : Massive Grain Size : Medium Grain:223.08 223.58

Colour- Colour 1 : Green Colour Tone 1 : Light:223.08 223.58

223.58 234.30 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium Grain:223.58 234.30

Colour- Colour 1 : Green Colour Tone 1 : Medium:223.58 234.30

Slightly darker to bottom.

Page 16 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

234.30 235.20 Lithology: QuartziteFew quartz pebbles to 2cm sitting on unconformity. Sharp, clean contact. Notbroken. No min.

Texture- Grain Size : Medium Grain:234.30 235.20

Occasional quartz clast to 2cm. Few pebbles laying on unconformity.

Colour- Colour 1 : Green Colour Tone 1 : Dark:234.30 245.02

Dark green to black.

235.20 245.00 Lithology: Metamorphic VolcanicsFairly massive chloritic schist and basalt. Five or six bull quartz veins.Very minor if any carbonate. Not magnetic.

Horizon235.20 :

Unconformity

Texture- Texture Type : Semi-massive Grain Size : Very Fine

Grain:235.20 245.00

Alteration- Alt Type : Chlorite Alt Intensity : Strong:235.20 245.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY204.01 204.2903578204.29 204.3903579204.39 204.4803580204.48 204.5603581204.56 204.8003582204.80 205.2103583206.74 206.8803586206.88 207.0303587207.03 207.2603588207.26 207.7703589209.36 209.7003590209.70 210.3303591210.33 210.7403592210.74 211.1003593211.10 211.5203594

Page 17 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY211.52 211.7203595211.72 211.8303596211.83 212.0503597215.94 216.2103598216.21 217.2003599217.20 217.7703600217.77 218.0703601218.07 218.4003602218.40 218.6603603218.66 219.0003604219.00 219.1503605219.15 219.3003606219.30 219.6703607219.67 219.8003608219.80 220.0503609220.05 220.2303610220.23 220.3803611220.38 220.5503612220.55 220.6803613220.68 220.9503616220.95 221.1003617221.10 221.4303618221.43 221.6703620221.67 221.8803621221.88 222.0003622222.00 222.1803623222.18 222.5203624222.52 222.6903625222.69 222.8203626222.82 223.0803627223.08 223.5803628

Sample Type DUP221.10 221.4303619

Sample Type Blank0361503584

Sample Type DL-1A03585

Sample Type UTS-403614

- PELE MOUNTAIN RESOURCES

Page 18 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

2.00 5.00 3.00 1.76 58.67 3.00 100.00

5.00 8.00 3.00 1.55 51.67 3.00 100.00

8.00 11.00 3.00 2.85 95.00 3.00 100.00

11.00 14.00 3.00 2.10 70.00 3.00 100.00

14.00 17.00 3.00 1.11 37.00 3.00 100.00

17.00 20.00 3.00 1.32 44.00 3.00 100.00

20.00 23.00 3.00 2.56 85.33 3.00 100.00

23.00 26.00 3.00 3.00 100.00 3.00 100.00

26.00 29.00 3.00 3.00 100.00 3.00 100.00

29.00 32.00 3.00 3.00 100.00 3.00 100.00

32.00 35.00 3.00 3.00 100.00 3.00 100.00

35.00 38.00 3.00 2.65 88.33 3.00 100.00

38.00 41.00 3.00 2.60 86.67 3.00 100.00

41.00 44.00 3.00 2.75 91.67 3.00 100.00

44.00 47.00 3.00 2.40 80.00 3.00 100.00

47.00 50.00 3.00 3.00 100.00 3.00 100.00

50.00 53.00 3.00 2.60 86.67 3.00 100.00

53.00 56.00 3.00 2.60 86.67 3.00 100.00

56.00 59.00 3.00 3.00 100.00 3.00 100.00

59.00 62.00 3.00 2.73 91.00 3.00 100.00

62.00 65.00 3.00 2.60 86.67 3.00 100.00

65.00 68.00 3.00 2.34 78.00 3.00 100.00

68.00 71.00 3.00 1.30 43.33 3.00 100.00

71.00 74.00 3.00 3.00 100.00 3.00 100.00

74.00 77.00 3.00 2.50 83.33 3.00 100.00

77.00 80.00 3.00 1.98 66.00 3.00 100.00

80.00 83.00 3.00 2.87 95.67 3.00 100.00

83.00 86.00 3.00 2.18 72.67 3.00 100.00

86.00 89.00 3.00 2.00 66.67 3.00 100.00

89.00 92.00 3.00 2.93 97.67 3.00 100.00

92.00 95.00 3.00 2.95 98.33 3.00 100.00

95.00 98.00 3.00 1.83 61.00 3.00 100.00

98.00 101.00 3.00 2.51 83.67 3.00 100.00

Page 19 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

101.00 104.00 3.00 0.50 16.67 3.00 100.00

104.00 107.00 3.00 1.75 58.33 3.00 100.00

107.00 110.00 3.00 2.20 73.33 3.00 100.00

110.00 113.00 3.00 3.00 100.00 3.00 100.00

113.00 116.00 3.00 2.88 96.00 3.00 100.00

116.00 119.00 3.00 2.65 88.33 3.00 100.00

119.00 122.00 3.00 2.64 88.00 3.00 100.00

122.00 125.00 3.00 3.00 100.00 3.00 100.00

125.00 128.00 3.00 2.88 96.00 3.00 100.00

128.00 131.00 3.00 2.98 99.33 3.00 100.00

131.00 134.00 3.00 2.92 97.33 3.00 100.00

134.00 137.00 3.00 2.86 95.33 3.00 100.00

137.00 140.00 3.00 2.91 97.00 3.00 100.00

140.00 143.00 3.00 2.94 98.00 3.00 100.00

143.00 146.00 3.00 3.00 100.00 3.00 100.00

146.00 149.00 3.00 2.80 93.33 3.00 100.00

149.00 152.00 3.00 2.98 99.33 3.00 100.00

152.00 155.00 3.00 3.00 100.00 3.00 100.00

155.00 158.00 3.00 2.95 98.33 3.00 100.00

158.00 161.00 3.00 2.86 95.33 3.00 100.00

161.00 164.00 3.00 3.00 100.00 3.00 100.00

164.00 167.00 3.00 3.00 100.00 3.00 100.00

167.00 170.00 3.00 3.00 100.00 3.00 100.00

170.00 173.00 3.00 3.00 100.00 3.00 100.00

173.00 176.00 3.00 2.80 93.33 3.00 100.00

176.00 179.00 3.00 3.00 100.00 3.00 100.00

179.00 182.00 3.00 3.00 100.00 3.00 100.00

182.00 185.00 3.00 3.00 100.00 3.00 100.00

185.00 188.00 3.00 3.00 100.00 3.00 100.00

188.00 191.00 3.00 3.00 100.00 3.00 100.00

191.00 194.00 3.00 3.00 100.00 3.00 100.00

194.00 197.00 3.00 3.00 100.00 3.00 100.00

197.00 200.00 3.00 3.00 100.00 3.00 100.00

Page 20 of 20Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM157 Units: METRICPM-08-VaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

200.00 203.00 3.00 3.00 100.00 3.00 100.00

203.00 206.00 3.00 3.00 100.00 3.00 100.00

206.00 209.00 3.00 3.00 100.00 3.00 100.00

209.00 212.00 3.00 2.78 92.67 3.00 100.00

212.00 215.00 3.00 2.40 80.00 3.00 100.00

215.00 218.00 3.00 3.00 100.00 3.00 100.00

218.00 221.00 3.00 3.00 100.00 3.00 100.00

221.00 224.00 3.00 2.72 90.67 3.00 100.00

224.00 227.00 3.00 1.25 41.67 3.00 100.00

227.00 230.00 3.00 3.00 100.00 3.00 100.00

230.00 233.00 3.00 2.70 90.00 3.00 100.00

233.00 236.00 3.00 2.80 93.33 3.00 100.00

236.00 239.00 3.00 2.48 82.67 3.00 100.00

239.00 242.00 3.00 0.85 28.33 3.00 100.00

242.00 245.00 3.00 2.50 83.33 3.00 100.00

Page 1 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-75.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Oct 18, 2008Date Started:

Date Completed: Oct 21, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 257.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138473.00

East: 383462.00

Elev: 364.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 23.00 Lithology: CasingMix of granite and quartzite rubble and boulders. 3m of material recovered.

23.00 51.44 Lithology: ArgilliteArgilliceous quartzite and interbedded siltstone.

Texture- Texture Type : Massive Grain Size : Very Fine Grain:23.00 51.44

Colour- Colour 1 : Black Colour Tone 1 : Medium:23.00 51.44

Occasional blotchy dark green section.

Structure:47.00

Core blocky to 51.44m

Page 2 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

51.44 65.80 Lithology: Pebble QuartzImpure dirty looking coarse greywacke, quartzite with numerous quartz pebbles.No min.

Horizon51.44 : Wall Type : Hanging Wall

Stinson

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely PackedSupported : Matrix Supported

:51.44 65.80

Colour- Colour 1 : Grey Colour Tone 1 : Dark:51.44 65.80

Structure:51.44

Core blocky

65.80 71.00 Lithology: QuartziteOccasional white quartz clast. Signs of alteration -pink staining in microfractures.

Texture- Grain Size : Coarse:65.80 71.00

Slight brecciated look.

Colour- Colour 1 : Grey Colour Tone 1 : Light:65.80 71.00

Slight green tint.

Alteration- Alt Type : Unknown Pink Alt Intensity : Medium

Alt Pct VE : Fracture Controlled:67.50 71.00

Micro fracturing.

Page 3 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

71.00 71.70 Lithology: FaultRoughly 18 deg to LCA. Strong faulted area with quartz carbonate veinlets andfault gouge - soft.Followed by mafic dyke.

Texture- Grain Size : Fine Grain:71.00 71.70

Fault gouge and mafic , carbonaceous material. Quartz, carbonate filledchill zone. Blueish green quartz.

Colour- Colour 1 : Black Colour Tone 1 : Medium:71.00 72.24

Alteration- Alt Type : Chlorite Alt Intensity : Strong:71.00 71.70

Carbonate filling - calcite.

Structure:71.00 Angle : 18.000 Thickness Along Core : 0.06 Structure

Type : Gouge Structure Fill Mat : Breccia

71.70 72.24 Lithology: DykeMafic dyke - possible lamprophyre.

Texture- Texture Type : Massive Grain Size : Fine Grain:71.70 72.24

Medium soft.

Mineralization- Min Type : Magnetite:71.70 72.40

Weakly magnetic.

Alteration- Alt Type : Calcite Alt Intensity : Medium:71.70 72.40

Calcite veinlets. Carbonate in groundmass.

Page 4 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

72.24 149.50 Lithology: QuartziteLight grey quartzite - Stinson member. Occasional quartz and mafic clast to 3cm.Very weak pyritic banding. Quartz beccia at 123.6m ( 5cm )

Texture- Texture Type : Pebble Grain Size : Medium to

Course Rounding : Sub-Rounded Packing :Loosely Packed Supported : Matrix Supported

:72.24 149.50

Very weak pebbley quartzite. Occasional fine grain sections of siltstone andpink quartzite.

Colour- Colour 1 : Grey Colour Tone 1 : Light:72.24 149.50

Structure:72.24

Core slightly blocky as indicated by RQD.

149.50 216.67 Lithology: QuartziteTypical green Ryan quartzite. Occasional quartz clast and numerous darkbanding.Sharp contact with grey quartzite above. Good quality core. Bedding 80 to 85deg to LCA.

Horizon149.50 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:149.50 216.67

Occasional quartz clast. Increase in floater beds and banding.

Colour- Colour 1 : Buff Brown Colour Tone 1 : Light:149.50 216.67

Slightly lighter green to bottom.

216.67 216.92 Lithology: Quartzite 03533 216.67 216.92 0.25

Texture- Grain Size : Medium to Course:216.67 216.92

Colour- Colour 1 : Green Colour Tone 1 : Light:216.67 216.92

Page 5 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

216.92 217.04 Lithology: Quartz Pebble Conglomerate 03534 216.92 217.04 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:216.92 217.04

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:216.92 217.04

Poor.

217.04 217.08 Lithology: Quartzite 03535 217.04 217.08 0.04

Texture- Grain Size : Medium Grain:217.04 217.08

Colour- Colour 1 : Green Colour Tone 1 : Medium:217.04 217.08

217.08 217.24 Lithology: Quartz Pebble Conglomerate 03536 217.08 217.24 0.16

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:217.08 217.24

Smokey.

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:217.08 217.24

Poor.

217.24 217.48 Lithology: Quartz Pebble Conglomerate 03537 217.24 217.48 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:217.24 217.48

Three bands of conglomerate. Occasional mafic clast.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:217.24 217.48

Page 6 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

217.48 217.53 Lithology: Quartzite 03538 217.48 217.53 0.05

Texture- Grain Size : Medium Grain:217.48 217.53

Colour- Colour 1 : Green Colour Tone 1 : Medium:217.48 217.53

217.53 217.85 Lithology: Quartz Pebble Conglomerate 03539 217.53 217.85 0.32

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Angular Packing : Loosely Packed:217.53 217.85

Weaker conglomerate.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Disseminated:217.53 217.85

Fine pyrite.

217.85 218.04 Lithology: Pebble Quartz 03540 217.85 218.04 0.19

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:217.85 218.04

Mineralization- Min Type : Pyrite Min Texture : Disseminated:217.85 218.04

<1%

218.04 228.40 Lithology: QuartziteNumerous dark bands and occasional quartz clast.

Texture- Grain Size : Medium to Course:218.04 228.40

Colour- Colour 1 : Green Colour Tone 1 : Medium:218.04 228.40

Page 7 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

228.40 228.63 Lithology: Quartzite 03543 228.40 228.63 0.23Few dark stringers.

Texture- Grain Size : Medium to Course:228.40 228.63

Colour- Colour 1 : Green:228.40 228.63

228.63 229.00 Lithology: Pebble Quartz 03544 228.63 229.00 0.37

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:228.63 229.00

Mineralization- Min Type : Pyrite Min Texture : Disseminated:228.63 229.00

<1%

229.00 229.47 Lithology: Quartzite 03545 229.00 229.47 0.47

Texture- Grain Size : Medium to Course:229.00 229.47

Few quartz pebbles and dark stringers

Colour- Colour 1 : Green:229.00 229.47

229.47 229.62 Lithology: Quartzite 03546 229.47 229.62 0.15

Texture- Grain Size : Coarse:229.47 229.62

Colour- Colour 1 : Green:229.47 229.62

Page 8 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

229.62 229.86 Lithology: Pebble Quartz 03547 229.62 229.86 0.24

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:229.62 229.86

Few dark stringes.

Mineralization- Min Type : Pyrite Min Texture : Disseminated:229.62 229.86

<1%

229.86 230.01 Lithology: Quartzite 03548 229.86 230.01 0.15

Texture- Grain Size : Coarse:229.86 230.01

Colour- Colour 1 : Green:229.86 230.01

230.01 230.16 Lithology: Quartz Pebble Conglomerate 03549 230.01 230.16 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:230.01 230.16

Smokey.

Mineralization- Min Type : Pyrite Min Texture : Disseminated:230.01 230.16

<1%

230.16 230.49 Lithology: Quartzite 03550 230.16 230.49 0.33

Texture- Grain Size : Medium to Course:230.16 230.49

Colour- Colour 1 : Green:230.16 230.49

230.49 230.58 Lithology: Quartz Pebble Conglomerate 03551 230.49 230.58 0.09

Texture- Texture Type : Pebble Grain Size : Medium Grain

Rounding : Sub-Angular Packing : Loosely Packed:230.49 230.58

Smokey

Page 9 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

230.58 230.95 Lithology: Quartzite 03552 230.58 230.95 0.37

Texture- Grain Size : Coarse:230.58 230.95

Colour- Colour 1 : Green Colour Tone 1 : Light:230.58 230.95

230.95 231.09 Lithology: Quartzite 03553 230.95 231.09 0.14

Texture- Grain Size : Coarse:230.95 231.09

Few pebbles and dark stringers.

231.09 231.32 Lithology: Pebble Quartz 03554 231.09 231.32 0.23

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:231.09 231.32

Poor

Mineralization- Min Type : Pyrite Min Texture : Disseminated:231.09 231.32

<1%

231.32 231.87 Lithology: Quartzite 03555 231.32 231.87 0.55

Texture- Grain Size : Medium to Course:231.32 231.87

Colour- Colour 1 : Green:231.32 231.87

231.87 232.16 Lithology: Pebble Quartz 03556 231.87 232.16 0.29Probable Stratigraphic HW MCB. Zone is quite intercalated and bedded in upperpart of reef.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:231.87 232.16

Smokey

Mineralization- Min Type : Pyrite Min Texture : Disseminated:231.87 232.16

<1%

Page 10 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

232.16 232.22 Lithology: Quartzite 03557 232.16 232.22 0.06

Texture- Grain Size : Medium Grain:232.16 232.22

Colour- Colour 1 : Green:232.16 232.22

232.22 232.28 Lithology: Quartz Pebble Conglomerate 03558 232.22 232.28 0.06

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:232.22 232.28

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:232.22 232.28

232.28 232.40 Lithology: Pebble Quartz 03559 232.28 232.40 0.12

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:232.28 232.40

232.40 232.60 Lithology: Quartzite 03560 232.40 232.60 0.20

Texture- Grain Size : Medium to Course:232.40 232.60

Colour- Colour 1 : Green:232.40 232.60

Page 11 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

232.60 232.79 Lithology: Pebble Quartz 03561 232.60 232.79 0.19

Horizon232.60 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed

:232.60 232.79

Mineralization- Min Type : Pyrite Min Texture : Detrital:232.60 232.79

<1%

232.79 232.92 Lithology: Pebble Quartz 03562 232.79 232.92 0.13

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):232.79 232.92

Poor

Mineralization- Min Type : Pyrite Min Texture : Disseminated:232.79 232.92

<1%

232.92 233.00 Lithology: Quartz Pebble Conglomerate 03565 232.92 233.00 0.08Possible ecconomic HW MCB - poor pyrite, light sericitic matrix.

Horizon232.92 : Wall Type : Hanging Wall Wall Modifier : Economic

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:232.92 233.00

Mineralization- Min Type : Pyrite Min Texture : Disseminated:232.92 233.00

<1%

Page 12 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

233.00 233.16 Lithology: Quartz Pebble Conglomerate 03566 233.00 233.16 0.16

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:233.00 233.16

Light green cement.

Mineralization- Min Type : Pyrite Min Texture : Detrital:233.00 233.16

<1%

233.16 233.34 Lithology: Quartz Pebble Conglomerate 03567 233.16 233.34 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:233.16 233.34

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:233.16 233.34

233.34 233.46 Lithology: Pebble Quartz 03568 233.34 233.46 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm):233.34 233.46

Smokey233.46 233.65 Lithology: Quartz Pebble Conglomerate 03569 233.46 233.65 0.19

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:233.46 233.65

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:233.46 233.65

Page 13 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

233.65 233.96 Lithology: Pebble Quartz 03570 233.65 233.96 0.31

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:233.65 233.96

Few pebbles and dark bands.

Mineralization- Min Type : Pyrite Min Texture : Detrital:233.65 233.96

<1%

233.96 234.08 Lithology: Quartz Pebble Conglomerate 03571 233.96 234.08 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:233.96 234.08

Few pebbles and dark stringers.

Mineralization- Min Type : Pyrite Min Texture : Disseminated:233.96 234.08

<1%

234.08 234.30 Lithology: Quartz Pebble Conglomerate 03572 234.08 234.30 0.2203573 234.08 234.30 0.22Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:234.08 234.30

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 3 Min Texture :

Detrital:234.08 234.30

234.30 234.55 Lithology: Quartz Pebble Conglomerate 03574 234.30 234.55 0.25

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:234.30 234.55

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:234.30 234.55

Page 14 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

234.55 234.79 Lithology: Quartzite 03575 234.55 234.79 0.24

Texture- Grain Size : Medium Grain:234.55 234.79

One band of smokey pebbles to 2cm.

Mineralization- Min Type : Pyrite Min Texture : Disseminated:234.55 234.79

<1%

234.79 234.88 Lithology: Quartz Pebble Conglomerate 03576 234.79 234.88 0.09

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:234.79 234.88

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:234.79 234.88

234.88 235.66 Lithology: Quartzite 03577 234.88 235.66 0.78FW Quartzite

Horizon234.88 : Wall Type : Foot Wall

Texture- Grain Size : Medium Grain:234.88 235.66

Colour- Colour 1 : Green Colour Tone 1 : Light:234.88 235.66

235.66 246.18 Lithology: QuartziteLast meter becomes slightly darker. Couple of subangular quartz shards 3 to 5cmat bottom.Very minor pyrite. Looks like a bit of paleosoil. The unconformity is sharp andirregular.Approximately 70 cm of very fine grain, light green thendark green paleosoil anddense chloritic soil.

Texture- Texture Type : Massive Grain Size : Medium to

Course:235.66 246.18

Occasional quartz clast. Few dark stringers.

Page 15 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

246.18 257.00 Lithology: Metamorphic VolcanicsDense basalt to 249.4m, then into a chloritic schist with tuffaceous flow featuresalong with quartz and carbonate veinlets and muchcarbonate in groundmass. Very magnetic after 249.5m.

Horizon246.18 : Wall Type : Unconformity

Unconformity

Texture- Texture Type : Flow Texture Grain Size : Very Fine

Grain:246.18 257.00

Colour- Colour 1 : Green Colour Tone 1 : Dark:246.18 257.00

Mineralization- Min Type : Magnetite Min Texture : Disseminated:249.58 257.00

Bit of pyrite and pyrrhotite.

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY216.67 216.9203533216.92 217.0403534217.04 217.0803535217.08 217.2403536217.24 217.4803537217.48 217.5303538217.53 217.8503539217.85 218.0403540228.40 228.6303543228.63 229.0003544229.00 229.4703545229.47 229.6203546229.62 229.8603547229.86 230.0103548230.01 230.1603549230.16 230.4903550230.49 230.5803551230.58 230.9503552230.95 231.0903553231.09 231.3203554

Page 16 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY231.32 231.8703555231.87 232.1603556232.16 232.2203557232.22 232.2803558232.28 232.4003559232.40 232.6003560232.60 232.7903561232.79 232.9203562232.92 233.0003565233.00 233.1603566233.16 233.3403567233.34 233.4603568233.46 233.6503569233.65 233.9603570233.96 234.0803571234.08 234.3003572234.30 234.5503574234.55 234.7903575234.79 234.8803576234.88 235.6603577

Sample Type DUP234.08 234.3003573

Sample Type Blank0356303541

Sample Type DL-1A03542

Sample Type UTS-303564

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

23.00 26.00 3.00 1.44 48.00 3.00 100.00

26.00 29.00 3.00 1.85 61.67 3.00 100.00

29.00 32.00 3.00 2.85 95.00 3.00 100.00

32.00 35.00 3.00 2.29 76.33 3.00 100.00

35.00 38.00 3.00 2.45 81.67 3.00 100.00

38.00 41.00 3.00 2.78 92.67 3.00 100.00

41.00 44.00 3.00 2.61 87.00 3.00 100.00

Page 17 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

44.00 47.00 3.00 2.17 72.33 3.00 100.00

47.00 50.00 3.00 1.03 34.33 3.00 100.00

50.00 53.00 3.00 1.27 42.33 3.00 100.00

53.00 56.00 3.00 1.69 56.33 3.00 100.00

56.00 59.00 3.00 1.02 34.00 3.00 100.00

59.00 62.00 3.00 0.34 11.33 3.00 100.00

62.00 65.00 3.00 2.34 78.00 3.00 100.00

65.00 68.00 3.00 1.87 62.33 3.00 100.00

68.00 71.00 3.00 2.33 77.67 3.00 100.00

71.00 74.00 3.00 0.60 20.00 3.00 100.00

74.00 77.00 3.00 1.22 40.67 3.00 100.00

77.00 80.00 3.00 0.88 29.33 3.00 100.00

80.00 83.00 3.00 1.92 64.00 3.00 100.00

83.00 86.00 3.00 1.95 65.00 3.00 100.00

86.00 89.00 3.00 2.86 95.33 3.00 100.00

89.00 92.00 3.00 2.45 81.67 3.00 100.00

92.00 95.00 3.00 2.82 94.00 3.00 100.00

95.00 98.00 3.00 1.70 56.67 3.00 100.00

98.00 101.00 3.00 1.67 55.67 3.00 100.00

101.00 104.00 3.00 2.30 76.67 3.00 100.00

104.00 107.00 3.00 2.38 79.33 3.00 100.00

107.00 110.00 3.00 2.82 94.00 3.00 100.00

110.00 113.00 3.00 1.60 53.33 3.00 100.00

113.00 116.00 3.00 2.14 71.33 3.00 100.00

116.00 119.00 3.00 0.96 32.00 3.00 100.00

119.00 122.00 3.00 1.64 54.67 3.00 100.00

122.00 125.00 3.00 2.30 76.67 3.00 100.00

125.00 128.00 3.00 3.00 100.00 3.00 100.00

128.00 131.00 3.00 2.70 90.00 3.00 100.00

131.00 134.00 3.00 2.97 99.00 3.00 100.00

134.00 137.00 3.00 3.00 100.00 3.00 100.00

137.00 140.00 3.00 2.93 97.67 3.00 100.00

140.00 143.00 3.00 3.00 100.00 3.00 100.00

Page 18 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

143.00 146.00 3.00 3.00 100.00 3.00 100.00

146.00 149.00 3.00 3.00 100.00 3.00 100.00

149.00 152.00 3.00 2.70 90.00 3.00 100.00

152.00 155.00 3.00 3.00 100.00 3.00 100.00

155.00 158.00 3.00 2.93 97.67 3.00 100.00

158.00 161.00 3.00 2.94 98.00 3.00 100.00

161.00 164.00 3.00 2.94 98.00 3.00 100.00

164.00 167.00 3.00 2.90 96.67 3.00 100.00

167.00 170.00 3.00 2.85 95.00 3.00 100.00

170.00 173.00 3.00 2.86 95.33 3.00 100.00

173.00 176.00 3.00 2.93 97.67 3.00 100.00

176.00 179.00 3.00 2.96 98.67 3.00 100.00

179.00 182.00 3.00 3.00 100.00 3.00 100.00

182.00 185.00 3.00 3.00 100.00 3.00 100.00

185.00 188.00 3.00 2.83 94.33 3.00 100.00

188.00 191.00 3.00 2.80 93.33 3.00 100.00

191.00 194.00 3.00 2.72 90.67 3.00 100.00

194.00 197.00 3.00 3.00 100.00 3.00 100.00

197.00 200.00 3.00 2.78 92.67 3.00 100.00

200.00 203.00 3.00 3.00 100.00 3.00 100.00

203.00 206.00 3.00 3.00 100.00 3.00 100.00

206.00 209.00 3.00 3.00 100.00 3.00 100.00

209.00 212.00 3.00 3.00 100.00 3.00 100.00

212.00 215.00 3.00 3.00 100.00 3.00 100.00

215.00 218.00 3.00 2.94 98.00 3.00 100.00

218.00 221.00 3.00 3.00 100.00 3.00 100.00

221.00 224.00 3.00 2.93 97.67 3.00 100.00

224.00 227.00 3.00 2.81 93.67 3.00 100.00

227.00 230.00 3.00 3.00 100.00 3.00 100.00

230.00 233.00 3.00 3.00 100.00 3.00 100.00

233.00 236.00 3.00 3.00 100.00 3.00 100.00

236.00 239.00 3.00 3.00 100.00 3.00 100.00

239.00 242.00 3.00 2.93 97.67 3.00 100.00

Page 19 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM156 Units: METRICProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

242.00 245.00 3.00 2.92 97.33 3.00 100.00

245.00 248.00 3.00 2.40 80.00 3.00 100.00

248.00 251.00 3.00 1.28 42.67 3.00 100.00

251.00 254.00 3.00 2.27 75.67 3.00 100.00

254.00 257.00 3.00 2.95 98.33 3.00 100.00

Page 1 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM155 Units: METRICPM-08-UaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-73.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Oct 09, 2008Date Started:

Date Completed: Oct 19, 2008

Purpose: Infill

Joubin

Collar Az: 180.00

Length: 202.38

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138236.00

East: 383209.00

Elev: 397.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 0.08 Lithology: CasingFew quartzite, diabase fragments.

Colour- Colour 1 : Grey Colour Tone 1 : Medium:0 59.50

Page 2 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM155 Units: METRICPM-08-UaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.08 72.15 Lithology: QuartziteTypical darker grey medium grain Stinson quartzite. Occasional white quartz clast.Very weak pyritic banding in this hole. Fair bit of fracture related oxidation in topof hole.Approximately 55m to 70m is badly broken. Orange/pink alteration.

Texture- Texture Type : Granular Grain Size : Medium Grain:0.08 72.15

Occasional PBQZ section of up to 1cm white quartz clasts loosely packed.No min.

Colour- Colour 1 : Orange Colour Mode 1 : Uniform

Colour Tone 1 : Light:59.50 72.15

Alteration- Alt Type : Unknown Orange Alt Pct VE : 95 Alt

Intensity : Medium:59.50 72.15

Orange/pink colour. Core broken.

Structure:15.00 Angle : 15.000 Structure Type : Fracture

Numerous fractures of same to 15m with staining and oxicaton , rusty.

:31.54 Angle : 8.000Rusty

:55.50 Angle : 20.000Rusty & broken

:56.60 Angle : 10.000Rusty - irregular

:59.50Zone of broken & blocky core. Some siltstone mixed in.

Page 3 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM155 Units: METRICPM-08-UaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

72.15 96.30 Lithology: QuartziteGrey to green quartzite, transitional into Ryan member.

Texture- Texture Type : Massive Grain Size : Medium Grain:72.15 96.30

Numerous narrow dark bands. Trace pyrite. Banding weak.

Colour- Colour 1 : Green Colour Mode 1 : Uniform Colour

Tone 1 : Light:72.15 96.30

Alteration- Alt Type : Sericite Alt Intensity : Weak:72.15 96.30

96.30 162.31 Lithology: QuartziteTypical light green Ryan quartzite. Occasional quartz clast.Numerous narrow dark bands. Very weak floater bed development.Bedding 80 to 85 deg to LCA.

Horizon96.30 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:96.30 162.31

Colour- Colour 1 : Green Colour Mode 1 : Uniform Colour

Tone 1 : Light:96.30 162.31

Structure:154.00 Angle : 25.000 Structure Type : Fracture

Zone of fractured ground. Not common in Ryan above the MCB.

Page 4 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM155 Units: METRICPM-08-UaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

162.31 178.56 Lithology: QuartziteTypical green quartzite. Approximately 4 floater reefs up to 15cm wide. Bedding~ 85deg to LCA.Good quality core.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:162.31 178.56

Colour- Colour 1 : Green Colour Mode 1 : Uniform Colour

Tone 1 : Medium:162.31 178.56

178.56 179.23 Lithology: Quartzite 03503 178.56 179.23 0.67

Texture- Grain Size : Medium to Course:178.56 179.23

Occasional quartz clast.

Colour- Colour 1 : Green:178.56 179.23

179.23 179.70 Lithology: Pebble Quartz 03504 179.23 179.70 0.47

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed

:179.23 179.70

Mineralization- Min Type : Pyrite:179.23 179.70

<1%

179.70 179.89 Lithology: Quartzite 03505 179.70 179.89 0.19

Texture- Grain Size : Medium to Course:179.70 179.89

Colour- Colour 1 : Green:179.70 179.89

Page 5 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM155 Units: METRICPM-08-UaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

179.89 180.20 Lithology: Quartzite 03506 179.89 180.20 0.31

Texture- Grain Size : Medium to Course:179.89 180.20

Occasional dark band.

Colour- Colour 1 : Green:179.89 180.20

180.20 180.50 Lithology: Pebble Quartz 03507 180.20 180.50 0.30

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:180.20 180.50

Few dark bands.

Mineralization- Min Type : Pyrite:180.20 180.50

<1%

180.50 180.62 Lithology: Quartz Pebble Conglomerate 03508 180.50 180.62 0.12Stratigraphic HW MCB

Horizon180.50 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:180.50 180.62

Smokey. Poor.

Mineralization- Min Type : Pyrite:180.50 180.62

<1%

180.62 180.73 Lithology: Quartzite 03509 180.62 180.73 0.11

Texture- Grain Size : Medium to Course:180.62 180.73

Occasional quartz clast.

Page 6 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM155 Units: METRICPM-08-UaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

180.73 181.00 Lithology: Quartz Pebble Conglomerate 03510 180.73 181.00 0.27

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed Supported : Matrix Supported

:180.73 181.00

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:180.73 181.00

Poor

181.00 181.28 Lithology: Quartzite 03511 181.00 181.28 0.28

Texture- Grain Size : Medium to Course:181.00 181.28

Occasional quartz clast and dark stringer. Smokey clasts.

181.28 181.49 Lithology: Pebble Quartz 03512 181.28 181.49 0.21

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:181.28 181.49

Smokey pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:181.28 181.49

181.49 181.65 Lithology: Quartzite 03513 181.49 181.65 0.16

Texture- Grain Size : Coarse:181.49 181.65

Colour- Colour 1 : Green Colour Tone 1 : Medium:181.49 181.65

181.65 181.81 Lithology: Pebble Quartz 03514 181.65 181.81 0.16

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:181.65 181.81

Smokey and white clasts.

Mineralization- Min Type : Pyrite:181.65 181.81

<1%

Page 7 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM155 Units: METRICPM-08-UaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

181.81 181.97 Lithology: Quartz Pebble Conglomerate 03515 181.81 181.97 0.16Economic HW MCB

Horizon181.81 : Wall Type : Hanging Wall Wall Modifier : Economic

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:181.81 181.97

Smokey pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 3 Min Texture :

Detrital:181.81 181.97

Very fine pyrite.

181.97 182.21 Lithology: Quartz Pebble Conglomerate 03516 181.97 182.21 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:181.97 182.21

Light sericitic cement. Smokey pebbles. Occasional siltstone shard &chert/mafic.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:181.97 182.21

182.21 182.39 Lithology: Quartz Pebble Conglomerate 03517 182.21 182.39 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:182.21 182.39

Smokey pebbles. Light green matrix.

Mineralization- Min Type : Pyrite Min Texture : Disseminated:182.21 182.39

<1%

Page 8 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM155 Units: METRICPM-08-UaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

182.39 182.59 Lithology: Quartz Pebble Conglomerate 03520 182.39 182.59 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:182.39 182.59

Smokey and buff shards.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:182.39 182.59

182.59 182.75 Lithology: Quartz Pebble Conglomerate 03521 182.59 182.75 0.1603522 182.59 182.75 0.16Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:182.59 182.75

Smokey, orthoclase pebbles and mafic chert.

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:182.59 182.75

182.75 182.87 Lithology: Quartz Pebble Conglomerate 03523 182.75 182.87 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:182.75 182.87

Smokey pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:182.75 182.87

182.87 182.98 Lithology: Quartz Pebble Conglomerate 03524 182.87 182.98 0.11

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:182.87 182.98

Smokey quartz and occasional mafic or chert clast.

Mineralization- Min Type : Pyrite Min Pct VE : 35 Min Texture :

Detrital:182.87 182.98

Page 9 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM155 Units: METRICPM-08-UaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

182.98 183.09 Lithology: Quartzite 03525 182.98 183.09 0.11

Texture- Grain Size : Medium to Course:182.98 183.09

Colour- Colour 1 : Green Colour Tone 1 : Medium:182.98 183.09

183.09 183.16 Lithology: Quartz Pebble Conglomerate 03526 183.09 183.16 0.07

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded:183.09 183.16

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:183.09 183.16

183.16 183.35 Lithology: Quartzite 03527 183.16 183.35 0.19

Texture- Grain Size : Medium to Course:183.16 183.35

Occasional quartz clast.

Colour- Colour 1 : Green Colour Tone 1 : Medium:183.16 183.35

183.35 183.57 Lithology: Quartz Pebble Conglomerate 03528 183.35 183.57 0.22

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:183.35 183.57

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:183.35 183.57

As weak bands.

Page 10 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM155 Units: METRICPM-08-UaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

183.57 183.87 Lithology: Quartz Pebble Conglomerate 03529 183.57 183.87 0.30

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:183.57 183.87

Smokey, chert and quartz.

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Detrital:183.57 183.87

Best

183.87 183.94 Lithology: Quartzite 03530 183.87 183.94 0.07

Texture- Texture Type : Pebble Grain Size : Medium to

Course:183.87 183.94

Few quartz clasts.

Mineralization- Min Type : Pyrite:183.87 183.94

<1%

183.94 184.05 Lithology: Quartz Pebble Conglomerate 03531 183.94 184.05 0.11FW MCB. Core ground slightly at end. Typically sharp contact with quartzite.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:183.94 184.05

Chert and smokey pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:183.94 184.05

Page 11 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM155 Units: METRICPM-08-UaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

184.05 184.80 Lithology: Quartzite 03532 184.05 184.80 0.75FW Quartzite.

Horizon184.05 : Wall Type : Foot Wall

Texture- Texture Type : Massive Grain Size : Medium Grain:184.05 184.80

Colour- Colour 1 : Green Colour Tone 1 : Medium:184.05 184.80

184.80 189.04 Lithology: QuartziteQuartzite is fairly massive.

Texture- Grain Size : Medium to Course:184.80 189.04

Colour- Colour 1 : Green Colour Tone 1 : Medium:184.80 189.04

189.04 189.60 Lithology: Quartzite

Texture- Grain Size : Coarse:189.04 189.60

Impure dark quartzite.

Colour- Colour 1 : Green Colour Tone 1 : Dark:189.04 189.60

189.60 202.38 Lithology: Metamorphic VolcanicsSharp contact with quartzite. Very minor paleosoil and pyrite. Bit of quartz - 2cmcontact.Predominantly chlorite schist. First 0.5 m tuffaceous and dense basalt.

Horizon189.60 : Wall Type : Unconformity

Unconformity.

Texture- Texture Type : Massive Grain Size : Fine Grain:189.60 202.38

Carbonate in groundmass from 192m. No magnetic. Chlorite schistpredominantly.

Page 12 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM155 Units: METRICPM-08-UaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY178.56 179.2303503179.23 179.7003504179.70 179.8903505179.89 180.2003506180.20 180.5003507180.50 180.6203508180.62 180.7303509180.73 181.0003510181.00 181.2803511181.28 181.4903512181.49 181.6503513181.65 181.8103514181.81 181.9703515181.97 182.2103516182.21 182.3903517182.39 182.5903520182.59 182.7503521182.75 182.8703523182.87 182.9803524182.98 183.0903525183.09 183.1603526183.16 183.3503527183.35 183.5703528183.57 183.8703529183.87 183.9403530183.94 184.0503531184.05 184.8003532

Sample Type DUP182.59 182.7503522

Sample Type Blank03518

Sample Type UTS-303519

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

0.80 1.00 0.20 0.20 100.00 0.20 100.00

1.00 4.00 3.00 2.70 90.00 3.00 100.00

4.00 7.00 3.00 2.09 69.67 3.00 100.00

7.00 10.00 3.00 2.27 75.67 3.00 100.00

- PELE MOUNTAIN RESOURCES

Page 13 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM155 Units: METRICPM-08-UaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

10.00 13.00 3.00 2.30 76.67 3.00 100.00

13.00 16.00 3.00 1.90 63.33 3.00 100.00

16.00 19.00 3.00 2.97 99.00 3.00 100.00

19.00 22.00 3.00 2.63 87.67 3.00 100.00

22.00 25.00 3.00 2.79 93.00 3.00 100.00

25.00 28.00 3.00 2.80 93.33 3.00 100.00

28.00 31.00 3.00 3.00 100.00 3.00 100.00

31.00 34.00 3.00 2.30 76.67 3.00 100.00

34.00 37.00 3.00 2.88 96.00 3.00 100.00

37.00 40.00 3.00 2.87 95.67 3.00 100.00

40.00 43.00 3.00 2.75 91.67 3.00 100.00

43.00 46.00 3.00 2.70 90.00 3.00 100.00

46.00 49.00 3.00 2.33 77.67 3.00 100.00

49.00 52.00 3.00 3.00 100.00 3.00 100.00

52.00 55.00 3.00 3.00 100.00 3.00 100.00

55.00 58.00 3.00 2.00 66.67 3.00 100.00

58.00 61.00 3.00 1.83 61.00 3.00 100.00

61.00 64.00 3.00 0.22 7.33 3.00 100.00

64.00 67.00 3.00 0.69 23.00 3.00 100.00

67.00 70.00 3.00 0.89 29.67 3.00 100.00

70.00 73.00 3.00 2.37 79.00 3.00 100.00

73.00 76.00 3.00 2.51 83.67 3.00 100.00

76.00 79.00 3.00 3.00 100.00 3.00 100.00

79.00 82.00 3.00 3.00 100.00 3.00 100.00

82.00 85.00 3.00 2.72 90.67 3.00 100.00

85.00 88.00 3.00 2.72 90.67 3.00 100.00

88.00 91.00 3.00 3.00 100.00 3.00 100.00

91.00 94.00 3.00 2.92 97.33 3.00 100.00

94.00 97.00 3.00 3.00 100.00 3.00 100.00

97.00 100.00 3.00 2.96 98.67 3.00 100.00

100.00 103.00 3.00 2.84 94.67 3.00 100.00

103.00 106.00 3.00 2.95 98.33 3.00 100.00

106.00 109.00 3.00 3.00 100.00 3.00 100.00

Page 14 of 14Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM155 Units: METRICPM-08-UaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

109.00 112.00 3.00 3.00 100.00 3.00 100.00

112.00 115.00 3.00 3.00 100.00 3.00 100.00

115.00 118.00 3.00 3.00 100.00 3.00 100.00

118.00 121.00 3.00 2.95 98.33 3.00 100.00

121.00 124.00 3.00 3.00 100.00 3.00 100.00

124.00 127.00 3.00 2.60 86.67 3.00 100.00

127.00 130.00 3.00 3.00 100.00 3.00 100.00

130.00 133.00 3.00 3.00 100.00 3.00 100.00

133.00 136.00 3.00 3.00 100.00 3.00 100.00

136.00 139.00 3.00 2.60 86.67 3.00 100.00

139.00 142.00 3.00 3.00 100.00 3.00 100.00

142.00 145.00 3.00 3.00 100.00 3.00 100.00

145.00 148.00 3.00 2.73 91.00 3.00 100.00

148.00 151.00 3.00 2.78 92.67 3.00 100.00

151.00 154.00 3.00 2.02 67.33 3.00 100.00

154.00 157.00 3.00 1.05 35.00 3.00 100.00

157.00 160.00 3.00 1.45 48.33 3.00 100.00

160.00 163.00 3.00 2.20 73.33 3.00 100.00

163.00 166.00 3.00 2.94 98.00 3.00 100.00

166.00 169.00 3.00 2.90 96.67 3.00 100.00

169.00 172.00 3.00 2.82 94.00 3.00 100.00

172.00 175.00 3.00 3.00 100.00 3.00 100.00

175.00 178.00 3.00 3.00 100.00 3.00 100.00

178.00 181.00 3.00 3.00 100.00 3.00 100.00

181.00 184.00 3.00 2.87 95.67 3.00 100.00

184.00 187.00 3.00 2.30 76.67 3.00 100.00

187.00 190.00 3.00 2.04 68.00 3.00 100.00

190.00 193.00 3.00 1.84 61.33 3.00 100.00

193.00 196.00 3.00 1.50 50.00 3.00 100.00

196.00 199.00 3.00 1.13 37.67 3.00 100.00

199.00 202.00 3.00 1.12 37.33 3.00 100.00

Page 1 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-73.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Oct 09, 2008Date Started:

Date Completed: Oct 18, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 300.08

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138561.00

East: 383212.00

Elev: 378.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 9.50 Lithology: CasingGranite rubble and argillite boulders. 4.15m recovered.

9.50 86.38 Lithology: QuartziteArgilliceous quartzite. Number of narrow argillite bands - 85deg to LCA. Soft toscratch.

Texture- Texture Type : Fine Bedding Grain Size : Fine Grain:9.50 86.38

Fairly massive. Occasional bull quartz vein 3 to 20cm. Quartz shards withmottled look at bottom. Streteched shards.

Colour- Colour 1 : Grey Colour Tone 1 : Medium:9.50 86.38

Argillite banding is darker to black.

86.38 91.90 Lithology: Pebble QuartzVery dirty argilliceous pebbley quartzite. Quartz clasts and silty shards. Grittysections.

Texture- Texture Type : Mottled Grain Size : Pea Size (<1cm)

Rounding : Sub-Angular Packing : Loosely PackedSupported : Matrix Supported

:86.38 91.90

Grey quartz shards.

Colour- Colour 1 : Grey Colour Tone 1 : Medium:86.38 91.90

Page 2 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

91.90 96.20 Lithology: Argillite

Texture- Texture Type : Massive Grain Size : Very Fine Grain:91.90 96.20

Soft to scratch.

Colour- Colour 1 : Black:91.90 96.20

Dark green sheen.

96.20 104.25 Lithology: QuartziteCourse pebbly quartz to greywacke.

Horizon96.20 : Wall Type : Hanging Wall

Stinson

Texture- Texture Type : Massive Grain Size : Medium to

Course:96.20 104.25

Colour- Colour 1 : Grey Colour Tone 1 : Medium:96.20 104.25

104.25 111.16 Lithology: QuartziteLoosely packed PBQZ. Quartz pebbles to 3cm - white. Light green colour togroundmass.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed Supported : Matrix SupportedWeathering : No

:104.25 111.16

Occasional quartz clast.

Colour- Colour 1 : Grey Colour Tone 1 : Light:104.25 111.16

Page 3 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

111.16 182.06 Lithology: QuartziteStinson member. Very poor pyritic banding - sparse. Occasional quartz and maficclast.

Texture- Texture Type : Massive Grain Size : Medium to

Course:111.16 182.06

PBQZ - 152 to 162 m. Pea-size quartz clast. Barren.

Structure:129.90 Angle : 5.000 Structure Type : Fracture

:137.00Core blocky to 147m. Occasional PBQZ and gritt section and light chertcalst to 3cm.

:141.50 Structure Type : Breccia

182.06 258.00 Lithology: QuartziteRyan member. Increasing floater beds downhole. Most bands are few cm wideand have trace pyrite.Typical green quartzite.

Horizon182.06 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:182.06 258.00

Numerous narrow dark bands and PBQZ beds increasing down hole.Occasional quartz clast.Trace pyrite.

Colour- Colour 1 : Green Colour Tone 1 : Medium:182.06 258.00

Page 4 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

258.00 269.77 Lithology: QuartziteNumerous dark bands and floater reefs. Typical green quartzite.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:259.61 259.84

<1% pyrite- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:259.96 260.24

<1% pyrite- Texture Type : Intercalated Grain Size : Pea Size

(<1cm) Rounding : Sub-Rounded Packing :Loosely Packed

:264.57 265.24

<1% pyrite. Few flaoter reefs.

Colour- Colour 1 : Green Colour Tone 1 : Medium:258.00 269.77

269.77 270.21 Lithology: Pebble Quartz 03462 269.77 270.21 0.44

Texture- Texture Type : Pebble Grain Size : Medium to

Course Packing : Loosely Packed:269.77 270.21

Occasional quartz pebbles and dark bands. < 1% pyrite.

Colour- Colour 1 : Green:269.77 270.21

270.21 271.28 Lithology: Quartzite 03463 270.21 271.28 1.07Occasional quartz clast.

Texture- Grain Size : Medium to Course:270.21 271.28

Colour- Colour 1 : Green:270.21 271.28

271.28 271.64 Lithology: Quartzite 03464 271.28 271.64 0.36As above but with few dark stringers.

Page 5 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

271.64 271.92 Lithology: Pebble Quartz 03465 271.64 271.92 0.28

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:271.64 271.92

Smokey

Mineralization- Min Type : Pyrite Min Texture : Disseminated:271.64 271.92

<1%

271.92 272.13 Lithology: Pebble Quartz 03466 271.92 272.13 0.21As above.

272.13 272.46 Lithology: Pebble Quartz 03467 272.13 272.46 0.33As above with fewer pebbles and stringers.

272.46 272.92 Lithology: Quartzite 03468 272.46 272.92 0.46

Texture- Grain Size : Medium to Course:272.46 272.92

Occasional quartz clast.

272.92 273.12 Lithology: Pebble Quartz 03469 272.92 273.12 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:272.92 273.12

Smokey.

Mineralization- Min Type : Pyrite Min Texture : Disseminated:272.92 273.12

<1%

273.12 273.34 Lithology: Quartzite 03470 273.12 273.34 0.22

Texture- Grain Size : Medium to Course:273.12 273.34

Colour- Colour 1 : Green:273.12 273.34

Page 6 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

273.34 273.89 Lithology: Pebble Quartz 03471 273.34 273.89 0.55

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:273.34 273.89

Mineralization- Min Type : Pyrite Min Texture : Disseminated:273.34 273.89

<1%

273.89 274.22 Lithology: Quartzite 03472 273.89 274.22 0.33

Texture- Grain Size : Medium to Course:273.89 274.22

Occasional quartz clast.

274.22 274.50 Lithology: Quartzite 03473 274.22 274.50 0.28

Texture- Grain Size : Medium to Course:274.22 274.50

Occasional quartz clast.

Colour- Colour 1 : Green:274.22 274.50

274.50 274.58 Lithology: Pebble Quartz 03474 274.50 274.58 0.08

Horizon274.50 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed

:274.50 274.58

Occasional chert.274.58 274.74 Lithology: Quartzite 03475 274.58 274.74 0.16

Texture- Grain Size : Medium to Course:274.58 274.74

Colour- Colour 1 : Green:274.58 274.74

Page 7 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

274.74 275.04 Lithology: Quartz Pebble Conglomerate 03476 274.74 275.04 0.30

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:274.74 275.04

Poor but smokey

Mineralization- Min Type : Pyrite Min Texture : Disseminated:274.74 275.04

<1%

275.04 275.30 Lithology: Quartzite 03477 275.04 275.30 0.26

Texture- Grain Size : Medium to Course:275.04 275.30

Colour- Colour 1 : Green:275.04 275.30

275.30 275.64 Lithology: Pebble Quartz 03478 275.30 275.64 0.34

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:275.30 275.64

Smokey

Mineralization- Min Type : Pyrite Min Texture : Disseminated:275.30 275.64

<1%

275.64 275.89 Lithology: Quartzite 03479 275.64 275.89 0.25

Texture- Grain Size : Medium Grain:275.64 275.89

Colour- Colour 1 : Green:275.64 275.89

Page 8 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

275.89 276.04 Lithology: Quartzite 03480 275.89 276.04 0.15

Texture- Grain Size : Medium to Course:275.89 276.04

Colour- Colour 1 : Green:275.89 276.04

276.04 276.14 Lithology: Pebble Quartz 03483 276.04 276.14 0.10

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:276.04 276.14

Smokey - poor

Mineralization- Min Type : Pyrite Min Texture : Disseminated:276.04 276.14

<1%

276.14 276.23 Lithology: Quartz Pebble Conglomerate 03484 276.14 276.23 0.09Economic HW MCB

Horizon276.15 : Wall Type : Hanging Wall Wall Modifier : Economic

MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:276.14 276.23

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:276.14 276.23

276.23 276.31 Lithology: Pebble Quartz 03485 276.23 276.31 0.08

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:276.23 276.31

Mineralization- Min Type : Pyrite Min Texture : Disseminated:276.23 276.31

<!%

Page 9 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

276.31 276.50 Lithology: Quartz Pebble Conglomerate 03486 276.31 276.50 0.19

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:276.31 276.50

Smokey. Occasional chert and mafic clast.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:276.31 276.50

276.50 276.71 Lithology: Pebble Quartz 03487 276.50 276.71 0.21

Texture- Grain Size : Medium to Course:276.50 276.71

Occasional quartz clast and pyrite stringer. One QPC band 3cm wide.

Mineralization- Min Type : Pyrite Min Texture : Detrital:276.50 276.71

<1%

276.71 276.92 Lithology: Quartz Pebble Conglomerate 03488 276.71 276.92 0.21

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:276.71 276.92

Lighter matrix.

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:276.71 276.92

276.92 277.13 Lithology: Quartz Pebble Conglomerate 03489 276.92 277.13 0.2103490 276.92 277.13 0.21Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:276.92 277.13

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:276.92 277.13

Page 10 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

277.13 277.21 Lithology: Quartzite 03491 277.13 277.21 0.08

Texture- Grain Size : Medium Grain:277.13 277.21

Colour- Colour 1 : Green:277.13 277.23

277.21 277.36 Lithology: Quartz Pebble Conglomerate 03492 277.21 277.36 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:277.21 277.36

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:277.21 277.36

277.36 277.57 Lithology: Quartz Pebble Conglomerate 03493 277.36 277.57 0.21

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed

:277.36 277.57

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:277.36 277.57

277.57 277.70 Lithology: Quartz Pebble Conglomerate 03494 277.57 277.70 0.13

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:277.57 277.70

Smokey

Mineralization- Min Type : Pyrite Min Texture : Detrital:277.57 277.70

<1%

Page 11 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

277.70 277.77 Lithology: Quartzite 03495 277.70 277.77 0.07

Texture- Grain Size : Medium to Course:277.70 277.77

Colour- Colour 1 : Green:277.70 277.77

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:277.70 277.84

277.77 277.84 Lithology: Quartz Pebble Conglomerate 03496 277.77 277.84 0.07

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:277.77 277.84

277.84 277.93 Lithology: Quartzite 03497 277.84 277.93 0.09

Texture- Grain Size : Medium to Course:277.84 277.93

Colour- Colour 1 : Green Colour Tone 1 : Medium:277.84 277.93

277.93 278.10 Lithology: Quartz Pebble Conglomerate 03498 277.93 278.10 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:277.93 278.10

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 40 Min Texture :

Detrital:277.93 278.10

Page 12 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

278.10 278.20 Lithology: Quartz Pebble Conglomerate 03501 278.10 278.20 0.10FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:278.10 278.20

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2:278.10 278.20

278.20 278.63 Lithology: Quartzite 03502 278.20 278.63 0.43FW Quartizte.

Horizon278.20 : Wall Type : Foot Wall Wall Modifier : Economic

MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:278.20 278.63

Colour- Colour 1 : Green Colour Tone 1 : Medium:278.20 278.63

278.63 290.64 Lithology: QuartziteFW Quartzite. Not becoming contaminated towards the unconformity - unusual.

Horizon290.54 : Wall Type : Unconformity

Unconformity

Texture- Texture Type : Massive Grain Size : Medium to

Course:278.63 290.64

Colour- Colour 1 : Green Colour Tone 1 : Medium:278.63 290.64

Page 13 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

290.64 300.08 Lithology: Metamorphic VolcanicsSharp contact with Matinenda. Dense at start and then becomes mottled withtuff breccia look.

Texture- Texture Type : Mottled Grain Size : Very Fine Grain:290.64 300.08

Becomes mottled and brecciated downdip.Tuff shards.

Mineralization- Min Type : Magnetite:296.00 297.00

Strong.

Structure:292.40 Angle : 30.000 Thickness Along Core : 0.10 Structure

Type : VuggyBull quartz - crystals and pyrite.

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY269.77 270.2103462270.21 271.2803463271.28 271.6403464271.64 271.9203465271.92 272.1303466272.13 272.4603467272.46 272.9203468272.92 273.1203469273.12 273.3403470273.34 273.8903471273.89 274.2203472274.22 274.5003473274.50 274.5803474274.58 274.7403475274.74 275.0403476275.04 275.3003477275.30 275.6403478275.64 275.8903479275.89 276.0403480276.04 276.1403483276.14 276.2303484276.23 276.3103485276.31 276.5003486276.50 276.7103487276.71 276.9203488

Page 14 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY276.92 277.1303489277.13 277.2103491277.21 277.3603492277.36 277.5703493277.57 277.7003494277.70 277.7703495277.77 277.8403496277.84 277.9303497277.93 278.1003498278.10 278.2003501278.20 278.6303502

Sample Type DUP276.92 277.1303490

Sample Type Blank0349903481

Sample Type DL-1A03482

Sample Type UTS-403500

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

0 9.50 9.50 0.81 8.53 4.10 43.16

9.50 12.00 2.50 2.30 92.00 2.50 100.00

12.00 15.00 3.00 2.92 97.33 3.00 100.00

15.00 18.00 3.00 2.70 90.00 3.00 100.00

18.00 21.00 3.00 2.73 91.00 3.00 100.00

21.00 24.00 3.00 2.10 70.00 3.00 100.00

24.00 27.00 3.00 2.86 95.33 3.00 100.00

27.00 30.00 3.00 2.50 83.33 3.00 100.00

30.00 33.00 3.00 2.67 89.00 3.00 100.00

33.00 36.00 3.00 2.70 90.00 3.00 100.00

36.00 39.00 3.00 2.80 93.33 3.00 100.00

39.00 42.00 3.00 2.60 86.67 3.00 100.00

42.00 45.00 3.00 2.15 71.67 3.00 100.00

45.00 48.00 3.00 1.70 56.67 3.00 100.00

Page 15 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

48.00 51.00 3.00 1.69 56.33 3.00 100.00

51.00 54.00 3.00 2.46 82.00 3.00 100.00

54.00 57.00 3.00 2.84 94.67 3.00 100.00

57.00 60.00 3.00 2.84 94.67 3.00 100.00

60.00 63.00 3.00 3.00 100.00 3.00 100.00

63.00 66.00 3.00 2.68 89.33 3.00 100.00

66.00 69.00 3.00 2.42 80.67 3.00 100.00

69.00 72.00 3.00 2.93 97.67 3.00 100.00

72.00 75.00 3.00 2.83 94.33 3.00 100.00

75.00 78.00 3.00 2.86 95.33 3.00 100.00

78.00 81.00 3.00 2.55 85.00 3.00 100.00

81.00 84.00 3.00 2.78 92.67 3.00 100.00

84.00 87.00 3.00 1.80 60.00 3.00 100.00

87.00 90.00 3.00 2.74 91.33 3.00 100.00

90.00 93.00 3.00 2.75 91.67 3.00 100.00

93.00 96.00 3.00 2.52 84.00 3.00 100.00

96.00 99.00 3.00 2.93 97.67 3.00 100.00

99.00 102.00 3.00 2.86 95.33 3.00 100.00

102.00 105.00 3.00 1.80 60.00 3.00 100.00

105.00 108.00 3.00 2.65 88.33 3.00 100.00

108.00 111.00 3.00 3.00 100.00 3.00 100.00

111.00 114.00 3.00 3.00 100.00 3.00 100.00

114.00 117.00 3.00 2.94 98.00 3.00 100.00

117.00 120.00 3.00 2.63 87.67 3.00 100.00

120.00 123.00 3.00 2.90 96.67 3.00 100.00

123.00 126.00 3.00 2.93 97.67 3.00 100.00

126.00 129.00 3.00 2.48 82.67 3.00 100.00

129.00 132.00 3.00 1.20 40.00 3.00 100.00

132.00 135.00 3.00 0.85 28.33 3.00 100.00

135.00 138.00 3.00 1.42 47.33 3.00 100.00

138.00 141.00 3.00 0 0 2.95 98.33

141.00 144.00 3.00 0.30 10.00 3.00 100.00

144.00 147.00 3.00 0.95 31.67 3.00 100.00

Page 16 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

147.00 150.00 3.00 1.49 49.67 3.00 100.00

150.00 153.00 3.00 1.87 62.33 3.00 100.00

153.00 156.00 3.00 1.60 53.33 3.00 100.00

156.00 159.00 3.00 2.34 78.00 3.00 100.00

159.00 162.00 3.00 3.00 100.00 3.00 100.00

162.00 165.00 3.00 2.68 89.33 3.00 100.00

165.00 168.00 3.00 3.00 100.00 3.00 100.00

168.00 171.00 3.00 2.88 96.00 3.00 100.00

171.00 174.00 3.00 2.93 97.67 3.00 100.00

174.00 177.00 3.00 2.30 76.67 3.00 100.00

177.00 180.00 3.00 2.97 99.00 3.00 100.00

180.00 183.00 3.00 2.70 90.00 3.00 100.00

183.00 186.00 3.00 2.75 91.67 3.00 100.00

186.00 189.00 3.00 2.98 99.33 3.00 100.00

189.00 192.00 3.00 3.00 100.00 3.00 100.00

192.00 195.00 3.00 2.82 94.00 3.00 100.00

195.00 198.00 3.00 2.65 88.33 3.00 100.00

198.00 201.00 3.00 3.00 100.00 3.00 100.00

201.00 204.00 3.00 3.00 100.00 3.00 100.00

204.00 207.00 3.00 2.92 97.33 3.00 100.00

207.00 210.00 3.00 3.00 100.00 3.00 100.00

210.00 213.00 3.00 3.00 100.00 3.00 100.00

213.00 216.00 3.00 3.00 100.00 3.00 100.00

216.00 219.00 3.00 3.00 100.00 3.00 100.00

219.00 222.00 3.00 2.45 81.67 3.00 100.00

222.00 225.00 3.00 3.00 100.00 3.00 100.00

225.00 228.00 3.00 2.93 97.67 3.00 100.00

228.00 231.00 3.00 2.86 95.33 3.00 100.00

231.00 234.00 3.00 2.85 95.00 3.00 100.00

234.00 237.00 3.00 2.85 95.00 3.00 100.00

237.00 240.00 3.00 2.93 97.67 3.00 100.00

240.00 243.00 3.00 3.00 100.00 3.00 100.00

243.00 246.00 3.00 3.00 100.00 3.00 100.00

Page 17 of 17Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM154 Units: METRICPM08-TaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

246.00 249.00 3.00 3.00 100.00 3.00 100.00

249.00 252.00 3.00 3.00 100.00 3.00 100.00

252.00 255.00 3.00 3.00 100.00 3.00 100.00

255.00 258.00 3.00 3.00 100.00 3.00 100.00

258.00 261.00 3.00 3.00 100.00 3.00 100.00

261.00 264.00 3.00 2.94 98.00 3.00 100.00

264.00 267.00 3.00 2.95 98.33 3.00 100.00

267.00 270.00 3.00 2.91 97.00 3.00 100.00

270.00 273.00 3.00 3.00 100.00 3.00 100.00

273.00 276.00 3.00 2.94 98.00 3.00 100.00

276.00 279.00 3.00 2.89 96.33 3.00 100.00

279.00 282.00 3.00 2.96 98.67 3.00 100.00

282.00 285.00 3.00 2.98 99.33 3.00 100.00

285.00 288.00 3.00 2.83 94.33 3.00 100.00

288.00 291.00 3.00 2.70 90.00 3.00 100.00

291.00 294.00 3.00 2.64 88.00 3.00 100.00

294.00 297.00 3.00 2.85 95.00 3.00 100.00

297.00 300.00 3.00 2.92 97.33 3.00 100.00

Page 1 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-75.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Oct 08, 2008Date Started:

Date Completed: Oct 11, 2008

Purpose: Infill

Joubin

Collar Az: 180.00

Length: 218.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138291.00

East: 383327.00

Elev: 395.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.70 Lithology: Casing70cm diabase boulder boulder and granite rubble. One 10cm granite cobble.

1.70 17.80 Lithology: QuartziteStinson member. Numerous narrow dark pyritic bands. 80deg to LCA. Weak.

Texture- Texture Type : Banding Grain Size : Medium Grain

Weathering : No:1.70 17.80

One quartz vein - 5cm.

Colour- Colour 1 : Grey Colour Tone 1 : Light:1.70 17.80

Structure:6.53 Angle : 15.000 Structure Type : Fracture

rusty

:7.00 Angle : 10.000 Structure Type : Faultsrusty

:7.80 Angle : 25.000 Structure Type : Fracturerusty

:15.64 Angle : 15.000 Structure Type : Fracturerusty

Page 2 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

17.80 53.00 Lithology: Quartzite

Texture- Texture Type : Pebble Grain Size : Medium to

Course Rounding : Sub-Rounded Packing :Loosely Packed Weathering : No

:17.80 53.00

Typical light grey loosely packed conglomerate - oligomictic. Massive withocasional quart pebble to 3cm.

Colour- Colour 1 : Grey Colour Tone 1 : Light:17.80 53.00

53.00 88.80 Lithology: QuartziteTight banding and laminated siltstone. Occasional pyritic banded section.

Texture- Texture Type : Banding Grain Size : Fine to Medium

Grain:53.00 88.80

PBQZ @ 83 to 84 m. Disseminated pyrite.

Colour- Colour 1 : Grey Colour Tone 1 : Medium:53.00 88.80

Slight green colour.

Alteration- Alt Type : K-Feldspar Alt Intensity : Medium Alt

Pct VE : Fracture Controlled:68.00 78.00

Structure:70.20 Angle : 15.000 Structure Type : Fracture

rusty

:74.00 Angle : 20.000 Structure Type : FractureFracture zone with multiple fractures.

:82.90 Angle : 75.000 Structure Type : BrecciaQuartz breccia. Weak.

:87.40 Angle : 10.000 Structure Type : FaultsRusty - strong

Page 3 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

88.80 150.65 Lithology: QuartziteRyan member

Horizon88.80 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:88.80 150.65

Occasional quartz clast, and narrow dark bands of smokey quartz grainsand trace pyrite.

Colour- Colour 1 : Green Colour Tone 1 : Medium:88.80 150.65

150.65 185.00 Lithology: QuartziteRyan member - occasional quartz clast and narrow dark stringer.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:150.65 185.00

Colour- Colour 1 : Green Colour Tone 1 : Medium:150.65 185.00

Structure:151.00 Angle : 10.000 Thickness Along Core : 4.00 Structure

Type : FractureMultiple fractures with rusty staining. Core generally broken.

185.00 191.07 Lithology: QuartziteIncreasing floater reefs. 177.12 - 47cm; 185.24 - 8cm; 186.35 - 11cm; 188.85 -24cm.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:185.00 191.07

Colour- Colour 1 : Green Colour Tone 1 : Medium:185.00 191.07

Page 4 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

191.07 191.48 Lithology: Pebble Quartz 03431 191.07 191.48 0.41

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:191.07 191.48

Colour- Colour 1 : Green Colour Tone 1 : Medium:191.07 191.48

Mineralization- Min Type : Pyrite:191.07 191.48

<1%

191.48 191.90 Lithology: Pebble Quartz 03432 191.48 191.90 0.42Better

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:191.48 191.90

Colour- Colour 1 : Green Colour Tone 1 : Medium:191.48 191.90

Mineralization- Min Type : Pyrite:191.48 191.90

<1%

191.90 192.08 Lithology: Quartzite 03433 191.90 192.08 0.18

Texture- Grain Size : Medium Grain:191.90 192.08

Colour- Colour 1 : Green Colour Tone 1 : Medium:191.90 192.08

Page 5 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

192.08 192.48 Lithology: Pebble Quartz 03434 192.08 192.48 0.40

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:192.08 192.48

Colour- Colour 1 : Green Colour Tone 1 : Medium:192.08 192.48

Mineralization- Min Type : Pyrite:192.08 192.48

<1%

192.48 192.63 Lithology: Quartzite 03435 192.48 192.63 0.15

Texture- Grain Size : Medium to Course:192.48 192.63

Colour- Colour 1 : Green Colour Tone 1 : Medium:192.48 192.63

192.63 192.73 Lithology: Pebble Quartz 03436 192.63 192.73 0.10

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:192.63 192.73

Colour- Colour 1 : Green Colour Tone 1 : Medium:192.63 192.73

Mineralization- Min Type : Pyrite:192.63 192.73

<1%

192.73 192.91 Lithology: Quartzite 03437 192.73 192.91 0.18

Texture- Grain Size : Medium Grain:192.73 192.91

Colour- Colour 1 : Green Colour Tone 1 : Light:192.73 192.91

Page 6 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

192.91 193.15 Lithology: Quartz Pebble Conglomerate 03438 192.91 193.15 0.24HW MCB

Horizon192.91 : Wall Type : Hanging Wall

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:192.91 193.15

light green matrix

Mineralization- Min Type : Pyrite:192.91 193.15

<1%

193.15 193.45 Lithology: Quartz Pebble Conglomerate 03439 193.15 193.45 0.30Few pyrite stringers.

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:193.15 193.45

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:193.15 193.45

193.45 193.54 Lithology: Quartzite 03440 193.45 193.54 0.09

Texture- Grain Size : Medium Grain:193.45 193.54

Colour- Colour 1 : Green Colour Tone 1 : Light:193.45 193.54

Page 7 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

193.54 193.83 Lithology: Quartz Pebble Conglomerate 03441 193.54 193.83 0.29

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:193.54 193.83

Occasional buff chert

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:193.54 193.83

Fine pyrite

193.83 194.00 Lithology: Quartzite 03442 193.83 194.00 0.17Few pyrite stringers

Texture- Grain Size : Medium to Course:193.83 194.00

Colour- Colour 1 : Green Colour Tone 1 : Light:193.83 194.00

Mineralization- Min Type : Pyrite Min Texture : Stringer:193.83 194.00

Poor

194.00 194.17 Lithology: Quartz Pebble Conglomerate 03443 194.00 194.17 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:194.00 194.17

Mineralization- Min Type : Pyrite Min Texture : Disseminated:194.00 194.17

<1%

Page 8 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

194.17 194.41 Lithology: Quartz Pebble Conglomerate 03444 194.17 194.41 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:194.17 194.41

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:194.17 194.41

194.41 194.56 Lithology: Quartz Pebble Conglomerate 03445 194.41 194.56 0.1503446 194.41 194.56 0.15Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:194.41 194.56

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:194.41 194.56

194.56 194.70 Lithology: Quartz Pebble Conglomerate 03447 194.56 194.70 0.14

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Rounded Packing : MediumPacked

:194.56 194.70

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:194.56 194.70

194.70 194.95 Lithology: Quartz Pebble Conglomerate 03448 194.70 194.95 0.25

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:194.70 194.95

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:194.70 194.95

Page 9 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

194.95 195.09 Lithology: Quartz Pebble Conglomerate 03451 194.95 195.09 0.14

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:194.95 195.09

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:194.95 195.09

Fine

195.09 195.33 Lithology: Quartzite 03452 195.09 195.33 0.24Occasional quartz clast.

Texture- Grain Size : Medium Grain:195.09 195.33

Colour- Colour 1 : Green Colour Tone 1 : Medium:195.09 195.33

Mineralization- Min Type : Pyrite:195.09 195.33

<1%

195.33 195.53 Lithology: Quartz Pebble Conglomerate 03453 195.33 195.53 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:195.33 195.53

Occasional chert

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:195.33 195.53

195.53 195.60 Lithology: Quartzite 03454 195.53 195.60 0.07One quartz clast.

Texture- Grain Size : Medium to Course:195.53 195.60

Colour- Colour 1 : Green Colour Tone 1 : Medium:195.53 195.60

Page 10 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

195.60 195.77 Lithology: Quartz Pebble Conglomerate 03455 195.60 195.77 0.17FW MCB

Horizon195.72 : Wall Type : Foot Wall

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:195.60 195.77

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:195.60 195.77

195.77 196.20 Lithology: Quartzite 03456 195.77 196.20 0.43

Texture- Texture Type : Massive Grain Size : Medium to

Course:195.77 196.20

Colour- Colour 1 : Green Colour Tone 1 : Medium:195.77 196.20

196.20 196.70 Lithology: Quartzite 03457 196.20 196.70 0.50

Texture- Texture Type : Massive Grain Size : Medium to

Course:196.20 196.70

Colour- Colour 1 : Green Colour Tone 1 : Medium:196.20 196.70

Page 11 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

196.70 206.46 Lithology: QuartziteFW quartzite becomes finer grain downhole and contaminated near theunconformity contact.

Texture- Texture Type : Massive Grain Size : Medium Grain:196.70 206.46

Occasional dark stringer.

Colour- Colour 1 : Green Colour Tone 1 : Medium:196.70 206.46

Structure:201.10 Angle : 10.000 Structure Type : Fracture

Multiple high angle fractures strongest at 201m. Broken.

206.46 207.50 Lithology: QuartziteVery dirty coarse quartzite or greywacke. Few narrow dark stringers. Pea-sizedpebbles. Sharp contact.

Texture- Texture Type : Pebble Grain Size : Coarse

Rounding : Sub-Rounded:206.46 207.50

Light grey quartz clasts. Black matrix.

Colour- Colour 1 : Grey Colour Tone 1 : Dark:206.46 207.50

207.50 209.64 Lithology: Metamorphic VolcanicsBasically a poorly developed tuff breccia with many bull quartz fragments andtuff shards.Chloritic groundmass with magnetite. Bit of chloritic schist developing.

Horizon207.50 :

Unconformity

Texture- Grain Size : Fine Grain:207.50 209.64

Colour- Colour 1 : Green Colour Tone 1 : Dark:207.50 209.64

Alteration- Alt Type : Chlorite Alt Intensity : Medium Alt Pct

VE : Pervasive:207.50 209.64

Page 12 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

209.64 218.00 Lithology: Metamorphic VolcanicsChlorite schist. Quartz carbonate veining and in groundmass. One 20 cm bullquartz vein.

Texture- :209.64 218.00

Schistose

Colour- Colour 1 : Green Colour Tone 1 : Dark:209.64 218.00

Mineralization- Min Type : Magnetite Min Texture : Disseminated:209.64 218.00

Strong.

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY191.07 191.4803431191.48 191.9003432191.90 192.0803433192.08 192.4803434192.48 192.6303435192.63 192.7303436192.73 192.9103437192.91 193.1503438193.15 193.4503439193.45 193.5403440193.54 193.8303441193.83 194.0003442194.00 194.1703443194.17 194.4103444194.41 194.5603445194.56 194.7003447194.70 194.9503448194.95 195.0903451195.09 195.3303452195.33 195.5303453195.53 195.6003454195.60 195.7703455195.77 196.2003456196.20 196.7003457

Page 13 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type DUP194.41 194.5603446

Sample Type Blank03449

Sample Type UTS-403450

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

1.70 5.00 3.30 2.53 76.67 3.00 90.91

5.00 8.00 3.00 2.49 83.00 3.00 100.00

8.00 11.00 3.00 2.76 92.00 3.00 100.00

11.00 14.00 3.00 2.93 97.67 3.00 100.00

14.00 17.00 3.00 2.57 85.67 3.00 100.00

17.00 20.00 3.00 2.80 93.33 3.00 100.00

20.00 23.00 3.00 3.00 100.00 3.00 100.00

23.00 26.00 3.00 2.75 91.67 3.00 100.00

26.00 29.00 3.00 2.55 85.00 3.00 100.00

29.00 32.00 3.00 3.00 100.00 3.00 100.00

32.00 35.00 3.00 3.00 100.00 3.00 100.00

35.00 38.00 3.00 2.78 92.67 3.00 100.00

38.00 41.00 3.00 2.70 90.00 3.00 100.00

41.00 44.00 3.00 2.65 88.33 3.00 100.00

44.00 47.00 3.00 3.00 100.00 3.00 100.00

47.00 50.00 3.00 3.00 100.00 3.00 100.00

50.00 53.00 3.00 2.94 98.00 3.00 100.00

53.00 56.00 3.00 2.98 99.33 3.00 100.00

56.00 59.00 3.00 2.35 78.33 3.00 100.00

59.00 62.00 3.00 3.00 100.00 3.00 100.00

62.00 65.00 3.00 2.67 89.00 3.00 100.00

65.00 68.00 3.00 2.06 68.67 3.00 100.00

68.00 71.00 3.00 1.53 51.00 3.00 100.00

71.00 74.00 3.00 1.77 59.00 3.00 100.00

74.00 77.00 3.00 1.76 58.67 3.00 100.00

Page 14 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

77.00 80.00 3.00 1.80 60.00 3.00 100.00

80.00 83.00 3.00 1.73 57.67 3.00 100.00

83.00 86.00 3.00 2.78 92.67 3.00 100.00

86.00 89.00 3.00 1.90 63.33 3.00 100.00

89.00 92.00 3.00 2.54 84.67 3.00 100.00

92.00 95.00 3.00 2.48 82.67 3.00 100.00

95.00 98.00 3.00 2.58 86.00 3.00 100.00

98.00 101.00 3.00 1.21 40.33 3.00 100.00

101.00 104.00 3.00 2.42 80.67 3.00 100.00

104.00 107.00 3.00 2.42 80.67 3.00 100.00

107.00 110.00 3.00 2.27 75.67 3.00 100.00

110.00 113.00 3.00 2.29 76.33 3.00 100.00

113.00 116.00 3.00 1.32 44.00 3.00 100.00

116.00 119.00 3.00 3.00 100.00 3.00 100.00

119.00 122.00 3.00 3.00 100.00 3.00 100.00

122.00 125.00 3.00 3.00 100.00 3.00 100.00

125.00 128.00 3.00 3.00 100.00 3.00 100.00

128.00 131.00 3.00 3.00 100.00 3.00 100.00

131.00 134.00 3.00 2.95 98.33 3.00 100.00

134.00 137.00 3.00 3.00 100.00 3.00 100.00

137.00 140.00 3.00 3.00 100.00 3.00 100.00

140.00 143.00 3.00 2.75 91.67 3.00 100.00

143.00 146.00 3.00 2.82 94.00 3.00 100.00

146.00 149.00 3.00 2.82 94.00 3.00 100.00

149.00 152.00 3.00 1.52 50.67 3.00 100.00

152.00 155.00 3.00 0.60 20.00 3.00 100.00

155.00 158.00 3.00 2.70 90.00 3.00 100.00

158.00 161.00 3.00 2.84 94.67 3.00 100.00

161.00 164.00 3.00 2.83 94.33 3.00 100.00

164.00 167.00 3.00 3.00 100.00 3.00 100.00

167.00 170.00 3.00 1.88 62.67 3.00 100.00

170.00 173.00 3.00 2.46 82.00 3.00 100.00

173.00 176.00 3.00 2.95 98.33 3.00 100.00

Page 15 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM153 Units: METRICPM-08-SaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

176.00 179.00 3.00 2.78 92.67 3.00 100.00

179.00 182.00 3.00 2.93 97.67 3.00 100.00

182.00 185.00 3.00 2.62 87.33 3.00 100.00

185.00 188.00 3.00 2.81 93.67 3.00 100.00

188.00 191.00 3.00 2.86 95.33 3.00 100.00

191.00 194.00 3.00 2.90 96.67 3.00 100.00

194.00 197.00 3.00 2.70 90.00 3.00 100.00

197.00 200.00 3.00 2.56 85.33 3.00 100.00

200.00 203.00 3.00 1.66 55.33 3.00 100.00

203.00 206.00 3.00 2.84 94.67 3.00 100.00

206.00 209.00 3.00 2.34 78.00 3.00 100.00

209.00 212.00 3.00 2.57 85.67 3.00 100.00

212.00 215.00 3.00 1.77 59.00 3.00 100.00

215.00 218.00 3.00 1.80 60.00 3.00 100.00

Page 1 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-78.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Oct 06, 2008Date Started:

Date Completed: Oct 10, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 330.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138689.00

East: 383963.00

Elev: 355.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 18.00 Lithology: CasingGranite and quartz rubble and boulders. 1.3 recoverable overburden.

18.00 55.40 Lithology: Ramsey Lake Conglomerate

Texture- Texture Type : Cobble Grain Size : Fine to Medium

Grain Rounding : Sub-Rounded Packing : LooselyPacked Supported : Matrix Supported Weathering: No

:18.00 55.40

Minor banding in groundmass. Granite cobbles to 7cm.

Colour- Colour 1 : Black Colour Tone 1 : Medium:18.00 55.40

Pebbles and cobbles are white or grey.

55.40 79.55 Lithology: Greywacke

Texture- Texture Type : Massive Grain Size : Fine Grain:55.40 79.55

Colour- Colour 1 : Grey Colour Tone 1 : Dark:55.40 79.55

Structure:55.40 Structure Type : Fracture

6 or 7 high angle fractures. Rare quartz vein.

Page 2 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

79.55 114.00 Lithology: ArgilliteArgilliceous quartzite. Occasional coarser greywacke section.

Texture- Texture Type : Massive Grain Size : Fine Grain:79.55 114.00

Minor banding.

Colour- Colour 1 : Black Colour Tone 1 : Medium:79.55 114.00

114.00 127.46 Lithology: QuartziteSiliceous quartzite with a few quartz veinlets. Upper Stinson member.

Horizon114.00 : Wall Type : Hanging Wall

Stinson

Texture- Texture Type : Fine Bedding Grain Size : Very Fine

Grain:114.00 124.06

Colour- Colour 1 : Buff Brown Colour Tone 1 : Light:114.00 124.06

Hint of green.

Structure:116.50 Thickness Along Core : 2.00

Core blocky and broken with much of core < 10cm. Chippy

127.46 130.07 Lithology: QuartziteStinson member.

Texture- Texture Type : Fine Bedding Grain Size : Fine to

Medium Grain:127.46 130.07

Occasional quartz veinlet.

Colour- Colour 1 : Grey Colour Tone 1 : Medium:127.46 130.07

Page 3 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

130.07 144.00 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Fine Grain:130.07 144.00

Colour- Colour 1 : Grey Colour Tone 1 : Light:130.07 144.00

Alteration- Alt Type : Unknown Orange Alt Intensity :

Pervasive Alt Pct VE : Pervasive:141.00 144.00

144.00 169.45 Lithology: QuartziteOccasional siltstone bed and PBQZ section.

Texture- Texture Type : Fine Bedding Grain Size : Fine to

Medium Grain:144.00 169.45

Colour- Colour 1 : Grey Colour Tone 1 : Medium:144.00 169.45

Alteration- Alt Type : Unknown Pink Alt Intensity : Weak:156.00 158.70

Structure:155.60 Angle : 70.000 Thickness Along Core : 0.14 Structure

Type : BrecciaSiltstone breccia.

169.45 173.50 Lithology: Quartzite

Texture- Grain Size : Fine Grain:169.45 173.50

Partially brecciated.

Colour- Colour 1 : Buff Brown Colour Tone 1 : Medium:169.45 173.50

Alteration- Alt Type : Unknown Orange Alt Intensity : Strong:169.45 173.50

Page 4 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

173.50 195.60 Lithology: QuartziteVery minor pyritic banding. Odd laminated section.

Texture- Texture Type : Laminated Grain Size : Fine Grain:173.50 195.60

Occasional very fine grain.

Colour- Colour 1 : Grey Colour Tone 1 : Medium:173.50 195.60

Slight green colour.

195.60 202.20 Lithology: QuartziteTypical lower Stinson conglomerate with white quartz clast to 1cm. Uppercontact is a 5cm silty gritt bed.

Texture- Texture Type : Pebble Grain Size : Medium to

Course Rounding : Sub-Angular Packing : LooselyPacked Weathering : No

:195.60 202.20

Occasional quartz clast. Barren.

Colour- Colour 1 : Grey Colour Tone 1 : Light:195.60 202.20

Almost white.

202.20 218.17 Lithology: QuartziteLower Stinson member.

Texture- Texture Type : Massive Grain Size : Fine to Medium

Grain:202.20 218.17

Odd quartz vein and faint dark stringers - poor.

Colour- Colour 1 : Grey Colour Tone 1 : Light:202.20 218.17

Page 5 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

218.17 273.04 Lithology: Quartzite

Horizon218.17 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Intercalated Grain Size : Medium to

Course Supported : Matrix SupportedWeathering : No

:218.17 273.04

Numerous narrow dark bands and gritt or PBQZ sections - poor.Bedding @80deg to LCA

Colour- Colour 1 : Green Colour Tone 1 : Medium:218.17 273.04

Smokey quartz bands.

273.04 293.10 Lithology: QuartziteIncrease in floater reef development. Poorly sorted and poorly developed.

Texture- Texture Type : Intercalated Grain Size : Medium to

Course:273.04 293.10

Numerous dark bands with smokey quartz and trace pyrite.

Colour- Colour 1 : Buff Brown Colour Tone 1 : Medium:273.04 293.10

293.10 293.48 Lithology: Quartzite 03397 293.10 293.48 0.38

Texture- Grain Size : Medium to Course:293.10 293.48

Occasionaal quartz clast

Colour- Colour 1 : Green Colour Tone 1 : Medium:293.10 293.48

293.48 294.00 Lithology: Quartzite 03398 293.48 294.00 0.52

Texture- Grain Size : Medium to Course:293.48 294.00

Few dark stringers

Colour- Colour 1 : Green:293.48 294.00

Page 6 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

294.00 294.30 Lithology: Pebble Quartz 03399 294.00 294.30 0.30

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:294.00 294.30

Poor

Colour- Colour 1 : Green:294.00 294.30

Mineralization- Min Type : Pyrite Min Texture : Disseminated:294.00 294.30

Poor

294.30 294.54 Lithology: Quartzite 03400 294.30 294.54 0.24

Texture- Grain Size : Medium to Course:294.30 294.54

Colour- Colour 1 : Green Colour Tone 1 : Medium:294.30 294.54

294.54 294.62 Lithology: Quartz Pebble Conglomerate 03401 294.54 294.62 0.08

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:294.54 294.62

Few smokey pebbles, occasional white clast.

Colour- Colour 1 : Green Colour Tone 1 : Medium:294.54 294.69

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:294.54 294.62

Poor

294.62 294.69 Lithology: Quartzite 03402 294.62 294.69 0.07

Texture- Grain Size : Medium Grain:294.62 294.69

Page 7 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

294.69 294.85 Lithology: Quartz Pebble Conglomerate 03403 294.69 294.85 0.16

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed

:294.69 294.85

Better conglomerate.

Colour- Colour 1 : Green Colour Tone 1 : Medium:294.69 295.28

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:294.69 294.85

294.85 295.28 Lithology: Quartzite 03404 294.85 295.28 0.43

Texture- Grain Size : Medium to Course:294.85 295.28

295.28 295.55 Lithology: Quartz Pebble Conglomerate 03405 295.28 295.55 0.2703406 295.28 295.55 0.27HW MCB

Horizon295.28 : Wall Type : Hanging Wall

HW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:295.28 295.55

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:295.28 295.55

Weak

295.55 295.69 Lithology: Quartzite 03407 295.55 295.69 0.14

Texture- Grain Size : Medium Grain:295.55 295.69

Colour- Colour 1 : Green Colour Tone 1 : Medium:295.55 295.69

Page 8 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

295.69 295.86 Lithology: Quartz Pebble Conglomerate 03408 295.69 295.86 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:295.69 295.86

2cm fine quartzite at bottom.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:295.69 295.85

Fine pyrite - poor- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:295.85 296.01

Poor

295.86 296.01 Lithology: Quartz Pebble Conglomerate 03409 295.86 296.01 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:295.86 296.01

Poor296.01 296.29 Lithology: Quartzite 03410 296.01 296.29 0.28

Texture- Grain Size : Medium to Course:296.01 296.29

Occasional quartz clast.

Colour- Colour 1 : Green Colour Tone 1 : Medium:296.01 296.29

296.29 296.36 Lithology: Pebble Quartz 03411 296.29 296.36 0.07

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:296.29 296.36

Poor

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:296.29 296.36

Poor

Page 9 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

296.36 296.51 Lithology: Quartzite 03412 296.36 296.51 0.15

Texture- Grain Size : Medium Grain:296.36 296.51

Colour- Colour 1 : Green Colour Tone 1 : Medium:296.36 296.51

296.51 296.67 Lithology: Quartz Pebble Conglomerate 03413 296.51 296.67 0.16

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:296.51 296.67

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:296.51 296.67

Good

296.67 296.90 Lithology: Quartz Pebble Conglomerate 03414 296.67 296.90 0.23

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:296.67 296.90

Best. Few 4cm pebbles - cherty, striated.

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:296.67 296.90

296.90 297.02 Lithology: Quartz Pebble Conglomerate 03415 296.90 297.02 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:296.90 297.02

Sericitic matrix - light green.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:296.90 297.02

Fine grain pyrite.

Page 10 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

297.02 297.18 Lithology: Pebble Quartz 03416 297.02 297.18 0.16

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:297.02 297.18

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:297.02 297.18

Poor

297.18 297.29 Lithology: Quartz Pebble Conglomerate 03417 297.18 297.29 0.11

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:297.18 297.29

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:297.18 297.29

Fine grain

297.29 297.41 Lithology: Quartzite 03418 297.29 297.41 0.12

Texture- Grain Size : Medium Grain:297.29 297.41

Colour- Colour 1 : Green Colour Tone 1 : Medium:297.29 297.41

297.41 297.53 Lithology: Quartz Pebble Conglomerate 03419 297.41 297.53 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:297.41 297.53

Ocasional dark chert. 3 to 4cm pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:297.41 297.53

coarse pyrite.

Page 11 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

297.53 297.73 Lithology: Quartz Pebble Conglomerate 03422 297.53 297.73 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:297.53 297.73

Few large pebbles - light bleached matrix.

Colour- Colour 1 : Green Colour Tone 1 : Light:297.53 297.73

297.73 297.96 Lithology: Quartzite 03423 297.73 297.96 0.23

Horizon297.73 : Wall Type : Foot Wall

FW MCB

Texture- Grain Size : Medium to Course:297.73 297.96

Colour- Colour 1 : Green Colour Tone 1 : Light:297.73 297.96

297.96 298.10 Lithology: Quartzite 03424 297.96 298.10 0.14

Texture- Grain Size : Medium to Course:297.96 298.10

Two 3 to 4cm white quartz clasts.

Mineralization- Min Type : Pyrite Min Texture : Detrital:297.96 298.10

Poor Some around pebbles.

298.10 298.45 Lithology: Quartzite 03425 298.10 298.45 0.35

Texture- Grain Size : Medium to Course:298.10 298.45

Colour- Colour 1 : Green Colour Tone 1 : Medium:298.10 298.45

298.45 307.77 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium to

Course:298.45 307.77

Occasional small quartz clast and minor dark band of smokey quartz grains.

Page 12 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

307.77 308.59 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium Grain:307.77 308.59

Colour- Colour 1 : Green Colour Tone 1 : Dark:307.77 308.59

Impure quartzite

Mineralization- Min Type : Pyrite Min Texture : Semi-Massive:307.77 308.59

Layed down in stringers , loosely packed.

Alteration- Alt Type : Chlorite Alt Intensity : Weak:307.77 308.89

308.59 309.02 Lithology: Quartzite 03426 308.59 309.02 0.43

Texture- Texture Type : Bedding Grain Size : Medium to

Course:308.59 309.02

Darker impure "dirty" quartzite.

Colour- Colour 1 : Green Colour Tone 1 : Dark:308.59 309.02

Mineralization- Min Type : Pyrite Min Texture : Buckshot:308.59 309.02

Cubic

Alteration- Alt Type : Chlorite Alt Intensity : Weak:308.89 309.02

Page 13 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

309.02 309.29 Lithology: Quartz Pebble Conglomerate 03427 309.02 309.29 0.27

Texture- Texture Type : Cobble Grain Size : Medium to

Course Rounding : Sub-Rounded Packing :Loosely Packed Supported : Matrix Supported

:309.02 309.29

Couple small cobbles

Colour- Colour 1 : Green Colour Tone 1 : Dark:309.02 309.29

Mineralization- Min Type : Pyrite Min Texture : Semi-Massive:309.02 309.29

Cubic

Alteration- Alt Type : Chlorite Alt Intensity : Medium:309.02 309.29

309.29 309.81 Lithology: Greywacke 03428 309.29 309.81 0.52Dirty coarse quartzite looking like greywacke.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:309.29 309.81

Colour- Colour 1 : Grey Colour Tone 1 : Dark:309.29 309.81

Mineralization- Min Type : Pyrite Min Texture : Buckshot:309.29 309.81

Cubic

Alteration- Alt Type : Chlorite Alt Intensity : Medium:309.29 309.81

Page 14 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

309.81 309.91 Lithology: Quartz Pebble Conglomerate 03429 309.81 309.91 0.10Basal conglomerate reef cut by unconformity.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed Supported : Matrix Supported

:309.81 309.91

Quartrz clasts with k-feldspar shards.

Colour- Colour 1 : Green Colour Tone 1 : Dark:309.81 309.91

Fine grain matrix is green.

Mineralization- Min Type : Pyrite Min Texture : Detrital:309.81 309.91

Poor

Alteration- Alt Type : Chlorite Alt Intensity : Medium:309.81 310.43

Soft to scratch.

309.91 310.43 Lithology: Metamorphic Volcanics 03430 309.91 310.43 0.52Sharp, clean contact - irregular.

Horizon309.91 :

Unconformity

Texture- Texture Type : Massive Grain Size : Very Fine Grain:309.91 310.43

Basalt

Colour- Colour 1 : Green Colour Tone 1 : Dark:309.91 310.43

310.43 330.00 Lithology: Metamorphic VolcanicsChlorite schist in part. Mild foliation. Quartz carbonate veinlets.Much carbonate in groundmass deeper in hole.Partly andesite and massive basalt.

Texture- Texture Type : Flow Texture Grain Size : Fine Grain:310.43 330.00

Foliation, chlorite schist in part.

Mineralization- Min Type : Pyrrhotite Min Pct VE : 15 Min

Texture : Semi-Massive:315.30 315.94

Minor pyrite. Bull quartz shards mixed with volcanics.

Page 15 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY293.10 293.4803397293.48 294.0003398294.00 294.3003399294.30 294.5403400294.54 294.6203401294.62 294.6903402294.69 294.8503403294.85 295.2803404295.28 295.5503405295.55 295.6903407295.69 295.8603408295.86 296.0103409296.01 296.2903410296.29 296.3603411296.36 296.5103412296.51 296.6703413296.67 296.9003414296.90 297.0203415297.02 297.1803416297.18 297.2903417297.29 297.4103418297.41 297.5303419297.53 297.7303422297.73 297.9603423297.96 298.1003424298.10 298.4503425308.59 309.0203426309.02 309.2903427309.29 309.8103428309.81 309.9103429309.91 310.4303430

Sample Type DUP295.28 295.5503406

Sample Type Blank03420

Sample Type UTS-303421

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

18.00 21.00 3.00 1.60 53.33 3.00 100.00

- PELE MOUNTAIN RESOURCES

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Page 16 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

21.00 24.00 3.00 2.43 81.00 3.00 100.00

24.00 27.00 3.00 2.70 90.00 3.00 100.00

27.00 30.00 3.00 2.95 98.33 3.00 100.00

30.00 33.00 3.00 2.87 95.67 3.00 100.00

33.00 36.00 3.00 2.49 83.00 3.00 100.00

36.00 39.00 3.00 2.97 99.00 3.00 100.00

39.00 42.00 3.00 2.56 85.33 3.00 100.00

42.00 45.00 3.00 2.33 77.67 3.00 100.00

45.00 48.00 3.00 2.36 78.67 3.00 100.00

48.00 51.00 3.00 2.90 96.67 3.00 100.00

51.00 54.00 3.00 2.90 96.67 3.00 100.00

54.00 57.00 3.00 2.93 97.67 3.00 100.00

57.00 60.00 3.00 1.81 60.33 3.00 100.00

60.00 63.00 3.00 2.92 97.33 3.00 100.00

63.00 66.00 3.00 2.87 95.67 3.00 100.00

66.00 69.00 3.00 3.00 100.00 3.00 100.00

69.00 72.00 3.00 2.90 96.67 3.00 100.00

72.00 75.00 3.00 2.20 73.33 3.00 100.00

75.00 78.00 3.00 2.12 70.67 3.00 100.00

78.00 81.00 3.00 1.72 57.33 3.00 100.00

81.00 84.00 3.00 2.23 74.33 3.00 100.00

84.00 87.00 3.00 1.84 61.33 3.00 100.00

87.00 90.00 3.00 2.27 75.67 3.00 100.00

90.00 93.00 3.00 2.63 87.67 3.00 100.00

93.00 96.00 3.00 1.87 62.33 3.00 100.00

96.00 99.00 3.00 2.70 90.00 3.00 100.00

99.00 102.00 3.00 2.80 93.33 3.00 100.00

102.00 105.00 3.00 2.17 72.33 3.00 100.00

105.00 108.00 3.00 2.95 98.33 3.00 100.00

108.00 111.00 3.00 2.08 69.33 3.00 100.00

111.00 114.00 3.00 2.40 80.00 3.00 100.00

114.00 117.00 3.00 0.97 32.33 3.00 100.00

117.00 120.00 3.00 1.53 51.00 3.00 100.00

Page 17 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

120.00 123.00 3.00 2.63 87.67 3.00 100.00

123.00 126.00 3.00 1.83 61.00 3.00 100.00

126.00 129.00 3.00 2.57 85.67 3.00 100.00

129.00 132.00 3.00 2.84 94.67 3.00 100.00

132.00 135.00 3.00 2.97 99.00 3.00 100.00

135.00 138.00 3.00 2.93 97.67 3.00 100.00

138.00 141.00 3.00 2.89 96.33 3.00 100.00

141.00 144.00 3.00 2.71 90.33 3.00 100.00

144.00 147.00 3.00 2.67 89.00 3.00 100.00

147.00 150.00 3.00 2.92 97.33 3.00 100.00

150.00 153.00 3.00 2.60 86.67 3.00 100.00

153.00 156.00 3.00 2.92 97.33 3.00 100.00

156.00 159.00 3.00 1.80 60.00 3.00 100.00

159.00 162.00 3.00 2.70 90.00 3.00 100.00

162.00 165.00 3.00 2.80 93.33 3.00 100.00

165.00 168.00 3.00 2.96 98.67 3.00 100.00

168.00 171.00 3.00 1.17 39.00 3.00 100.00

171.00 174.00 3.00 1.58 52.67 3.00 100.00

174.00 177.00 3.00 2.81 93.67 3.00 100.00

177.00 180.00 3.00 2.92 97.33 3.00 100.00

180.00 183.00 3.00 2.25 75.00 3.00 100.00

183.00 186.00 3.00 2.47 82.33 3.00 100.00

186.00 189.00 3.00 2.89 96.33 3.00 100.00

189.00 192.00 3.00 2.93 97.67 3.00 100.00

192.00 195.00 3.00 2.40 80.00 3.00 100.00

195.00 198.00 3.00 2.70 90.00 3.00 100.00

198.00 201.00 3.00 2.07 69.00 3.00 100.00

201.00 204.00 3.00 2.40 80.00 3.00 100.00

204.00 207.00 3.00 2.72 90.67 3.00 100.00

207.00 210.00 3.00 2.85 95.00 3.00 100.00

210.00 213.00 3.00 2.90 96.67 3.00 100.00

213.00 216.00 3.00 2.56 85.33 3.00 100.00

216.00 219.00 3.00 2.74 91.33 3.00 100.00

Page 18 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

219.00 222.00 3.00 2.95 98.33 3.00 100.00

222.00 225.00 3.00 3.00 100.00 3.00 100.00

225.00 228.00 3.00 3.00 100.00 3.00 100.00

228.00 231.00 3.00 3.00 100.00 3.00 100.00

231.00 234.00 3.00 3.00 100.00 3.00 100.00

234.00 237.00 3.00 3.00 100.00 3.00 100.00

237.00 240.00 3.00 3.00 100.00 3.00 100.00

240.00 243.00 3.00 3.00 100.00 3.00 100.00

243.00 246.00 3.00 3.00 100.00 3.00 100.00

246.00 249.00 3.00 2.95 98.33 3.00 100.00

249.00 252.00 3.00 2.86 95.33 3.00 100.00

252.00 255.00 3.00 3.00 100.00 3.00 100.00

255.00 258.00 3.00 2.96 98.67 3.00 100.00

258.00 261.00 3.00 2.80 93.33 3.00 100.00

261.00 264.00 3.00 3.00 100.00 3.00 100.00

264.00 267.00 3.00 2.85 95.00 3.00 100.00

267.00 270.00 3.00 2.94 98.00 3.00 100.00

270.00 273.00 3.00 2.60 86.67 3.00 100.00

273.00 276.00 3.00 3.00 100.00 3.00 100.00

276.00 279.00 3.00 3.00 100.00 3.00 100.00

279.00 282.00 3.00 3.00 100.00 3.00 100.00

282.00 285.00 3.00 2.87 95.67 3.00 100.00

285.00 288.00 3.00 2.93 97.67 3.00 100.00

288.00 291.00 3.00 2.90 96.67 3.00 100.00

291.00 294.00 3.00 2.92 97.33 3.00 100.00

294.00 297.00 3.00 3.00 100.00 3.00 100.00

297.00 300.00 3.00 3.00 100.00 3.00 100.00

300.00 303.00 3.00 2.80 93.33 3.00 100.00

303.00 306.00 3.00 2.94 98.00 3.00 100.00

306.00 309.00 3.00 2.61 87.00 3.00 100.00

309.00 312.00 3.00 2.60 86.67 3.00 100.00

312.00 315.00 3.00 2.40 80.00 3.00 100.00

315.00 318.00 3.00 2.92 97.33 3.00 100.00

Page 19 of 19Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM152 Units: METRICPM08-GaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

318.00 321.00 3.00 3.00 100.00 3.00 100.00

321.00 324.00 3.00 3.00 100.00 3.00 100.00

324.00 327.00 3.00 2.67 89.00 3.00 100.00

327.00 330.00 3.00 3.00 100.00 3.00 100.00

Drill Production

From To Metres Drilled on Day Date Drilled Drill Rig Drill Shift Comments

0 124.04 124.04 10/7/2008 MG Big Yellow Night Shift

124.04 201.00 76.96 10/7/2008 MG Big Yellow Day Shift

Page 1 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-64.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Sep 28, 2008Date Started:

Date Completed: Oct 06, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 191.07

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138447.00

East: 384212.00

Elev: 355.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 3.50 Lithology: CasingQuartzite rubble and few 10cm chunks.

3.50 37.76 Lithology: QuartziteUpper Stinson member. Fairly massive with no bedding. Occasional quart clast.

Texture- Texture Type : Massive Grain Size : Medium to

Course Supported : Matrix SupportedWeathering : No

:3.50 37.76

Occasional quartz clast.

Colour- Colour 1 : Grey Colour Tone 1 : Light:3.50 37.76

Structure:7.00 Angle : 25.000 Structure Type : Fracture

Rusty

:8.23 Angle : 25.000 Thickness Along Core : 0.30 StructureType : Fracture

Zone of multiple rusty fracturing:23.66 Angle : 12.000 Structure Type : Fracture

Rusty

Page 2 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

37.76 49.13 Lithology: Quartzite4.5 m crushed core - possible fault. Oxidized. Rest of section blocky and stained.

Texture- Texture Type : Banding Grain Size : Fine Grain

Weathering : Yes:37.76 49.13

Crushed core and blocky.

Colour- Colour 1 : Buff Brown:37.76 49.13

Alteration- Alt Type : K-Feldspar Alt Pct VE : 90 Alt Intensity

: Strong Alt Pct VE : Fracture Controlled:37.76 49.13

Pinkish-orange staining throughout.

Structure:42.00 Angle : 10.000 Structure Type : Fracture

Rusty

:46.60 Angle : 10.000 Structure Type : FractureRusty - Core generaly broken from 38 to 50 m

49.13 64.45 Lithology: Quartzite

Texture- Texture Type : Laminated Grain Size : Fine Grain

Weathering : No:49.13 64.45

Very fine lamination or banding.

Colour- Colour 1 : Grey Colour Tone 1 : Medium:49.13 64.45

Some buff sections

Alteration- Alt Type : Unknown Pink Alt Intensity : Weak Alt

Pct VE : Banded:49.13 64.45

Pinkish-orange staining.

Structure:57.85 Angle : 10.000 Structure Type : Fracture

Rusty

Page 3 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

64.45 77.00 Lithology: Quartzite

Texture- Texture Type : Laminated Grain Size : Fine Grain

Weathering : No:64.45 77.00

Very fine layering - silstone intercalated.

Colour- Colour 1 : Buff Brown Colour Tone 1 : Medium:64.45 77.00

Layered

77.00 83.37 Lithology: QuartziteOccasional quartz and mafic clast to 3cm.

Texture- Texture Type : Pebble Grain Size : Medium to

Course Rounding : Sub-Rounded Packing :Loosely Packed Supported : Matrix SupportedWeathering : No

:77.00 83.37

Occasional clast to 3cm. Laminated siltstone at bottom.

Colour- Colour 1 : Grey Colour Tone 1 : Dark:77.00 83.37

Layered

83.37 91.80 Lithology: QuartziteVery poor pyritic banding - best from 89m to 89.53.

Texture- Texture Type : Banding Grain Size : Fine to Medium

Grain:83.37 91.80

Occasional quartz clast.

Colour- Colour 1 : Grey Colour Tone 1 : Light:83.37 91.80

Mineralization- Min Type : Pyrite Min Texture : Banding:86.63 89.53

Very poor

Page 4 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

91.80 143.40 Lithology: QuartziteRyan member. Bedding @ 80deg to LCA

Horizon91.80 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Intercalated Grain Size : Medium to

Course Supported : Matrix SupportedWeathering : No

:91.80 143.40

Numerous dark bands with trace pyrite. Ocassional quartz clast.

Colour- Colour 1 : Green Colour Tone 1 : Medium:91.80 143.40

143.40 164.31 Lithology: QuartziteFew weak PBQZ beds.

Texture- Texture Type : Intercalated Grain Size : Medium to

Course Supported : Matrix SupportedWeathering : No

:143.40 161.00

Numerous narrow dark bands with trace pyrite. Occasional weak floaterbed of PBQZ. Bedding 80 to 85 deg to LCA.

Colour- Colour 1 : Green Colour Tone 1 : Medium:143.40 161.00

Structure:164.15 Angle : 20.000 Thickness Along Core : 0.05 Structure

Type : FractureBroken

164.31 164.48 Lithology: Quartzite 03365 164.31 164.48 0.17

Texture- Texture Type : Bedding Grain Size : Medium to

Course:164.31 164.48

Few quartz clasts and dark stringers. <1% pyrite.

Colour- Colour 1 : Green Colour Tone 1 : Medium:164.31 164.48

Mineralization- Min Type : Pyrite:164.31 164.48

<1%

Page 5 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

164.48 164.73 Lithology: Quartzite 03366 164.48 164.73 0.25

Texture- Grain Size : Medium to Course:164.48 164.73

Colour- Colour 1 : Green:164.48 164.73

164.73 165.00 Lithology: Quartzite 03367 164.73 165.00 0.27

Texture- Grain Size : Medium to Course:164.73 165.00

Occasional quartz clast and dark stringer.

165.00 165.31 Lithology: Pebble Quartz 03368 165.00 165.31 0.31

Texture- Grain Size : Medium to Course:165.00 165.31

Occasional quartz pebble and dark stringer.

Colour- Colour 1 : Green:165.00 165.31

165.31 165.50 Lithology: Quartzite 03369 165.31 165.50 0.19

Texture- Grain Size : Medium to Course:165.31 165.50

Colour- Colour 1 : Green:165.31 165.50

165.50 165.70 Lithology: Quartz Pebble Conglomerate 03370 165.50 165.70 0.20

Horizon165.50 : Wall Type : Hanging Wall

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed Weathering : No

:165.50 165.70

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:165.50 165.70

Page 6 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

165.70 165.75 Lithology: Quartzite 03371 165.70 165.75 0.05

Texture- Grain Size : Medium Grain:165.70 165.75

Colour- Colour 1 : Green:165.70 165.75

165.75 166.06 Lithology: Quartz Pebble Conglomerate 03372 165.75 166.06 0.31

Texture- Texture Type : Pebble Grain Size : Medium to

Course Rounding : Sub-Rounded Packing :Loosely Packed

:165.75 166.06

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 3 Min Texture :

Detrital:165.75 166.06

166.06 166.38 Lithology: Quartzite 03373 166.06 166.38 0.32

Texture- Grain Size : Medium to Course:166.06 166.38

Occasional dark stringer.

Colour- Colour 1 : Green:166.06 166.38

166.38 166.69 Lithology: Pebble Quartz 03376 166.38 166.69 0.31

Texture- Texture Type : Pebble Grain Size : Medium to

Course Rounding : Sub-Angular Packing : LooselyPacked

:166.38 166.69

Poor

Colour- Colour 1 : Green:166.38 166.69

Page 7 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

166.69 166.84 Lithology: Pebble Quartz 03377 166.69 166.84 0.15

Texture- Texture Type : Pebble Grain Size : Medium to

Course Packing : Loosely Packed:166.69 166.84

Colour- Colour 1 : Green:166.69 166.84

166.84 167.03 Lithology: Quartz Pebble Conglomerate 03378 166.84 167.03 0.19

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:166.84 167.03

Mineralization- Min Type : Pyrite Min Pct VE : 3 Min Texture :

Detrital:166.84 167.03

167.03 167.14 Lithology: Quartzite 03379 167.03 167.14 0.11

Texture- Grain Size : Medium Grain:167.03 167.14

Colour- Colour 1 : Green:167.03 167.14

167.14 167.21 Lithology: Quartz Pebble Conglomerate 03380 167.14 167.21 0.07

Texture- Texture Type : Pebble Grain Size : Medium to

Course Rounding : Sub-Rounded Packing :Loosely Packed

:167.14 167.21

Mineralization- Min Type : Pyrite Min Texture : Disseminated:167.14 167.21

<1%

Page 8 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

167.21 167.28 Lithology: Quartzite 03381 167.21 167.28 0.07

Texture- Grain Size : Medium Grain:167.21 167.28

Colour- Colour 1 : Green:167.21 167.28

167.28 167.40 Lithology: Quartz Pebble Conglomerate 03382 167.28 167.40 0.12

Texture- Texture Type : Pebble Grain Size : Medium to

Course Rounding : Sub-Rounded Packing :Medium Packed

:167.28 167.40

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:167.28 167.40

167.40 167.50 Lithology: Quartzite 03383 167.40 167.50 0.10

Texture- Grain Size : Medium Grain:167.40 167.50

Colour- Colour 1 : Green:167.40 167.50

167.50 167.70 Lithology: Quartz Pebble Conglomerate 03384 167.50 167.70 0.2003385 167.50 167.70 0.20Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:167.50 167.70

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:167.50 167.70

Page 9 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

167.70 167.88 Lithology: Quartz Pebble Conglomerate 03386 167.70 167.88 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:167.70 167.88

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:167.70 167.88

167.88 167.95 Lithology: Pebble Quartz 03387 167.88 167.95 0.07

Texture- Texture Type : Pebble Grain Size : Medium to

Course:167.88 167.95

Mineralization- Min Type : Pyrite Min Texture : Disseminated:167.88 167.95

167.95 168.14 Lithology: Quartz Pebble Conglomerate 03388 167.95 168.14 0.19

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked

:167.95 168.14

Smokey, occasional cherty shard.

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:167.95 168.14

168.14 168.29 Lithology: Quartz Pebble Conglomerate 03389 168.14 168.29 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:168.14 168.29

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:168.14 168.29

Page 10 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

168.29 168.41 Lithology: Quartzite 03390 168.29 168.41 0.12

Texture- Grain Size : Medium to Course:168.29 168.41

Colour- Colour 1 : Green:168.29 168.41

168.41 168.64 Lithology: Pebble Quartz 03391 168.41 168.64 0.23

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:168.41 168.64

Poor. Occasional chert clast.

Colour- Colour 1 : Green:168.41 168.64

Mineralization- Min Type : Pyrite Min Pct VE : 2:168.41 168.64

Few stringers

168.64 168.71 Lithology: Quartzite 03392 168.64 168.71 0.07

Texture- Grain Size : Medium to Course:168.64 168.71

Colour- Colour 1 : Green:168.64 168.71

168.71 168.80 Lithology: Quartz Pebble Conglomerate 03393 168.71 168.80 0.09

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:168.71 168.80

Mineralization- Min Type : Pyrite Min Pct VE : 5:168.71 168.80

At bottom contact

Page 11 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

168.80 169.50 Lithology: Quartzite 03394 168.80 169.50 0.70

Horizon168.80 : Wall Type : Foot Wall

Texture- Grain Size : Medium to Course:168.80 169.50

Massive and barren FW quartzite.

Colour- Colour 1 : Green:168.80 169.50

169.50 178.70 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium to

Course:169.50 178.70

FW quartzite

Colour- Colour 1 : Green Colour Tone 1 : Medium:169.50 178.70

178.70 179.07 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Medium Grain:178.70 179.07

Colour- Colour 1 : Green Colour Tone 1 : Dark:178.70 179.07

Alteration- Alt Type : Chlorite Alt Intensity : Medium:178.70 179.07

Page 12 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

179.07 191.07 Lithology: Metamorphic VolcanicsMassive, very fine grain dense basalt.

Horizon179.07 :

Unconformity

Texture- Texture Type : Massive Grain Size : Very Fine Grain:179.07 191.07

Occasional quartz/carbonate veinlets. Weak foliation and minor whiteamygdules.

Colour- Colour 1 : Black:179.07 191.07

Alteration- Alt Type : Chlorite Alt Intensity : Medium Alt Pct

VE : Pervasive:179.07 191.07

Carbonate pervasive from 183m

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY164.31 164.4803365164.48 164.7303366164.73 165.0003367165.00 165.3103368165.31 165.5003369165.50 165.7003370165.70 165.7503371165.75 166.0603372166.06 166.3803373166.38 166.6903376166.69 166.8403377166.84 167.0303378167.03 167.1403379167.14 167.2103380167.21 167.2803381167.28 167.4003382167.40 167.5003383167.50 167.7003384167.70 167.8803386167.88 167.9503387167.95 168.1403388168.14 168.2903389

Page 13 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY168.29 168.4103390168.41 168.6403391168.64 168.7103392168.71 168.8003393168.80 169.5003394

Sample Type DUP167.50 167.7003385

Sample Type Blank0339503374

Sample Type DL-1A03396

Sample Type UTS-303375

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

3.50 5.00 1.50 1.42 94.67 1.50 100.00

5.00 8.00 3.00 2.82 94.00 3.00 100.00

8.00 11.00 3.00 2.64 88.00 3.00 100.00

11.00 14.00 3.00 2.93 97.67 3.00 100.00

14.00 17.00 3.00 2.85 95.00 3.00 100.00

17.00 20.00 3.00 2.91 97.00 3.00 100.00

20.00 23.00 3.00 2.93 97.67 3.00 100.00

23.00 26.00 3.00 2.72 90.67 3.00 100.00

26.00 29.00 3.00 2.96 98.67 3.00 100.00

29.00 32.00 3.00 2.94 98.00 3.00 100.00

32.00 35.00 3.00 2.90 96.67 3.00 100.00

35.00 38.00 3.00 2.68 89.33 3.00 100.00

38.00 41.00 3.00 0 0 3.00 100.00

41.00 44.00 3.00 1.34 44.67 3.00 100.00

44.00 47.00 3.00 2.44 81.33 3.00 100.00

47.00 50.00 3.00 1.45 48.33 3.00 100.00

50.00 53.00 3.00 2.80 93.33 3.00 100.00

53.00 56.00 3.00 2.87 95.67 3.00 100.00

Page 14 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

56.00 59.00 3.00 2.58 86.00 3.00 100.00

59.00 62.00 3.00 2.82 94.00 3.00 100.00

62.00 65.00 3.00 2.95 98.33 3.00 100.00

65.00 68.00 3.00 3.00 100.00 3.00 100.00

68.00 71.00 3.00 2.86 95.33 3.00 100.00

71.00 74.00 3.00 2.88 96.00 3.00 100.00

74.00 77.00 3.00 2.68 89.33 3.00 100.00

77.00 80.00 3.00 2.01 67.00 3.00 100.00

80.00 83.00 3.00 2.83 94.33 3.00 100.00

83.00 86.00 3.00 2.88 96.00 3.00 100.00

86.00 89.00 3.00 2.92 97.33 3.00 100.00

89.00 92.00 3.00 2.65 88.33 3.00 100.00

92.00 95.00 3.00 3.00 100.00 3.00 100.00

95.00 98.00 3.00 3.00 100.00 3.00 100.00

98.00 101.00 3.00 3.00 100.00 3.00 100.00

101.00 104.00 3.00 2.92 97.33 3.00 100.00

104.00 107.00 3.00 2.92 97.33 3.00 100.00

107.00 110.00 3.00 3.00 100.00 3.00 100.00

110.00 113.00 3.00 3.00 100.00 3.00 100.00

113.00 116.00 3.00 3.00 100.00 3.00 100.00

116.00 119.00 3.00 2.94 98.00 3.00 100.00

119.00 122.00 3.00 3.00 100.00 3.00 100.00

122.00 125.00 3.00 2.95 98.33 3.00 100.00

125.00 128.00 3.00 2.95 98.33 3.00 100.00

128.00 131.00 3.00 3.00 100.00 3.00 100.00

131.00 134.00 3.00 2.96 98.67 3.00 100.00

134.00 137.00 3.00 2.97 99.00 3.00 100.00

137.00 140.00 3.00 2.75 91.67 3.00 100.00

140.00 143.00 3.00 2.95 98.33 3.00 100.00

143.00 146.00 3.00 3.00 100.00 3.00 100.00

146.00 149.00 3.00 2.94 98.00 3.00 100.00

149.00 152.00 3.00 2.95 98.33 3.00 100.00

152.00 155.00 3.00 3.00 100.00 3.00 100.00

Page 15 of 15Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM151 Units: METRICPM08-BaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

155.00 158.00 3.00 2.87 95.67 3.00 100.00

158.00 161.00 3.00 3.00 100.00 3.00 100.00

161.00 164.00 3.00 2.68 89.33 3.00 100.00

164.00 167.00 3.00 2.40 80.00 3.00 100.00

167.00 170.00 3.00 2.78 92.67 3.00 100.00

170.00 173.00 3.00 2.95 98.33 3.00 100.00

173.00 176.00 3.00 2.45 81.67 3.00 100.00

176.00 179.00 3.00 2.35 78.33 3.00 100.00

179.00 182.00 3.00 2.60 86.67 3.00 100.00

182.00 185.00 3.00 2.70 90.00 3.00 100.00

185.00 188.00 3.00 2.89 96.33 3.00 100.00

188.00 191.00 3.00 2.75 91.67 3.00 100.00

Page 1 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-75.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Sep 27, 2008Date Started:

Date Completed: Sep 29, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 270.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138554.00

East: 383962.00

Elev: 375.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.50 Lithology: Casing

1.50 12.50 Lithology: Ramsey Lake Conglomerate

12.50 57.00 Lithology: QuartziteMinor argilliceous sections

Colour- Colour 1 : Grey Colour Tone 1 : Medium:12.50 57.00

Page 2 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

57.00 126.00 Lithology: Quartzite

Colour- Colour 1 : Grey Colour Tone 1 : Light:57.00 126.00

Alteration- Alt Type : Unknown Pink:84.00 87.00

- Alt Type : Unknown Pink:100.00 111.00

- Alt Type : Unknown Pink:115.50 117.00

Structure:101.00 Angle : 90.000 Thickness Along Core : 0.15 Structure

Type : BeddingSlightly vuggy

:105.50 Angle : 40.000 Thickness Along Core : 4.50 StructureType : Fracture

Broken core 40 to 70 deg to LCA:116.50 Angle : 45.000 Thickness Along Core : 0.50 Structure

Type : FractureBroken core

Page 3 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

126.00 154.32 Lithology: Quartzite 03289 128.52 129.43 0.9103290 129.43 130.05 0.6203291 130.05 130.60 0.5503292 130.60 131.24 0.6403293 131.24 131.97 0.7303294 131.97 134.35 2.3803295 134.35 135.23 0.8803296 135.23 135.91 0.6803297 135.91 136.12 0.2103298 136.12 136.32 0.2003299 136.32 136.62 0.3003300 136.62 136.82 0.2003301 136.82 137.29 0.4703302 137.29 137.62 0.3303303 137.62 138.99 1.3703304 138.99 139.53 0.5403305 139.53 140.12 0.5903306 140.12 140.70 0.5803307 140.70 141.67 0.9703308 141.67 141.99 0.3203309 141.99 142.48 0.4903310 142.48 142.97 0.4903311 142.97 143.27 0.3003312 143.27 144.50 1.2303313 144.50 145.06 0.5603314 145.06 145.87 0.8103315 145.87 146.58 0.7103318 146.58 146.92 0.3403319 146.92 147.65 0.7303320 147.65 148.42 0.7703321 148.42 149.26 0.8403322 149.26 149.82 0.5603323 149.82 150.49 0.6703324 150.49 151.00 0.5103325 151.00 151.94 0.9403326 151.94 152.83 0.8903327 152.83 153.62 0.7903328 153.62 154.17 0.5503329 154.17 154.32 0.15

Stinson member with numerous narrow dark bands and pyritic banding.400 to 800 cps on scintillometer.Very good quality core. Poor to fair banding with occasional heavy pyritic band.

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Supported : MatrixSupported

:126.00 154.32

Odd black chert

Colour- Colour 1 : Grey Colour Tone 1 : Light:126.00 154.32

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:126.00 154.45

Poor to fair medium grain pyrite

Page 4 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

154.32 160.58 Lithology: QuartziteSharp contact with Ryan. Good quality core. Few rare bands.

Texture- Grain Size : Medium to Course Supported :

Matrix Supported:154.32 160.58

Few quartz and chert clasts to 2cm

Colour- Colour 1 : Grey Colour Tone 1 : Light:154.32 160.58

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Disseminated:154.45 160.58

<1% pyrite

Alteration- Alt Type : Sericite Alt Intensity : Weak Alt Pct

VE : Disseminated:154.32 160.58

160.58 203.96 Lithology: QuartziteRyan member. Arkosic. Occasional quartz clast, narrow dark band and tracepyrite.Very good quality core. Bedding 80deg to LCA.

Horizon160.58 : Wall Type : Hanging Wall

Ryan

203.96 228.30 Lithology: Quartzite

Texture- Texture Type : Bedding Grain Size : Medium to

Course Supported : Matrix Supported:203.96 228.30

Occasional quartz clast and numerous narrow dark pyritic and smokeybands.

Colour- Colour 1 : Green:203.96 228.30

Page 5 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

228.30 229.70 Lithology: Pebble QuartzFloater reef section, 5cm to 24cm

Texture- Texture Type : Pebble Grain Size : Medium to

Course Packing : Loosely Packed:228.30 229.70

Mineralization- Min Type : Pyrite Min Texture : Disseminated:228.38 228.53

poor

229.70 239.65 Lithology: Quartzite

Texture- Texture Type : Bedding Grain Size : Medium to

Course Supported : Matrix Supported:229.70 239.65

bedding 80deg to LCA

Colour- Colour 1 : Green:229.70 239.65

239.65 239.84 Lithology: Quartzite 03330 239.65 239.84 0.19

Texture- Grain Size : Medium to Course:239.65 239.84

239.84 240.15 Lithology: Quartz Pebble Conglomerate 03331 239.84 240.15 0.31

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Loosely Packed:239.84 240.15

Mineralization- Min Type : Pyrite Min Texture : Detrital:239.84 240.15

poor <1%

240.15 240.62 Lithology: Quartzite 03332 240.15 240.62 0.47

Texture- Grain Size : Medium to Course:240.15 240.62

Colour- Colour 1 : Green:240.15 240.62

Page 6 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

240.62 240.79 Lithology: Pebble Quartz 03333 240.62 240.79 0.17

Texture- Texture Type : Pebble Grain Size : Medium to

Course Packing : Loosely Packed:240.62 240.79

few dark stringers240.79 241.25 Lithology: Quartzite 03334 240.79 241.25 0.46

Few dark stringers241.25 241.53 Lithology: Pebble Quartz 03335 241.25 241.53 0.28

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:241.25 241.53

Few dark bands241.53 242.23 Lithology: Quartzite 03338 241.53 242.23 0.70

Texture- Grain Size : Medium to Course:241.53 242.23

Occasional quartz clast

242.23 242.59 Lithology: Pebble Quartz 03339 242.23 242.59 0.36

Texture- Grain Size : Pea Size (<1cm):242.23 242.59

Occasional quartz clast and dark band

242.59 242.71 Lithology: Quartzite 03340 242.59 242.71 0.12

Texture- Grain Size : Medium to Course:242.59 242.71

Colour- Colour 1 : Green:242.59 242.71

242.71 242.88 Lithology: Pebble Quartz 03341 242.71 242.88 0.17

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:242.71 242.88

Occasional quartz clast

Colour- Colour 1 : Green:242.71 242.88

Mineralization- Min Type : Pyrite Min Texture : Disseminated:242.71 242.88

<1%

Page 7 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

242.88 243.07 Lithology: Quartz Pebble Conglomerate 03342 242.88 243.07 0.19

Horizon242.88 : Wall Type : Hanging Wall

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Supported : Clast SupportedWeathering : No

:242.88 243.07

Smokey pebbles

Colour- Colour 1 : Green:242.88 243.07

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:242.88 243.07

243.07 243.33 Lithology: Quartzite 03343 243.07 243.33 0.26

Texture- Grain Size : Medium to Course Supported :

Matrix Supported:243.07 243.33

Occasional 1cm white quartz clast243.33 243.47 Lithology: Quartz Pebble Conglomerate 03344 243.33 243.47 0.14

Texture- Texture Type : Poikilitic Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:243.33 243.47

Mineralization- Min Type : Pyrite Min Texture : Detrital:243.33 243.47

Poor

243.47 243.68 Lithology: Pebble Quartz 03345 243.47 243.68 0.21

Texture- Grain Size : Medium to Course Packing :

Loosely Packed:243.47 243.68

Poor pebble and pyrite content.

Page 8 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

243.68 243.87 Lithology: Quartz Pebble Conglomerate 03346 243.68 243.87 0.1903347 243.68 243.87 0.19Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Supported : Clast Supported

:243.68 243.87

Smokey pebbles

Mineralization- Min Type : Pyrite Min Texture : Disseminated:243.68 243.87

Poor

243.87 244.04 Lithology: Quartz Pebble Conglomerate 03348 243.87 244.04 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:243.87 244.04

Smokey

Mineralization- Min Type : Pyrite Min Texture : Disseminated:243.87 244.04

Poor

244.04 244.17 Lithology: Quartzite 03349 244.04 244.17 0.13

Texture- Grain Size : Medium Grain:244.04 244.17

Occasional white quartz clast

Colour- Colour 1 : Green:244.04 244.17

244.17 244.34 Lithology: Quartz Pebble Conglomerate 03350 244.17 244.34 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed Supported : Clast Supported

:244.17 244.34

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:244.17 244.34

Page 9 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

244.34 244.51 Lithology: Quartz Pebble Conglomerate 03351 244.34 244.51 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed Supported : Clast Supported

:244.34 244.51

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:244.34 244.51

244.51 244.72 Lithology: Quartzite 03352 244.51 244.72 0.21

Texture- Grain Size : Medium to Course:244.51 244.72

Colour- Colour 1 : Green:244.51 244.72

244.72 244.96 Lithology: Quartz Pebble Conglomerate 03353 244.72 244.96 0.24

Texture- Texture Type : Pebble Grain Size : Medium to

Course Packing : Loosely Packed:244.72 244.96

Occasional quartz clast

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:244.72 244.96

Poor

244.96 245.15 Lithology: Quartz Pebble Conglomerate 03354 244.96 245.15 0.19

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Supported : Clast Supported

:244.96 245.15

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:244.96 245.15

Smokey

Page 10 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

245.15 245.37 Lithology: Quartz Pebble Conglomerate 03355 245.15 245.37 0.22

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked Supported : Clast Supported Weathering :No

:245.15 245.37

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 40 Min Texture :

Buckshot:245.15 245.37

Smokey

245.37 245.55 Lithology: Quartzite 03358 245.37 245.55 0.18

Texture- Grain Size : Medium to Course:245.37 245.55

Colour- Colour 1 : Green:245.37 245.55

245.55 245.70 Lithology: Quartz Pebble Conglomerate 03359 245.55 245.70 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed Supported : Clast SupportedWeathering : No

:245.55 245.70

Occasional dark chert

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:245.55 245.70

Page 11 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

245.70 246.10 Lithology: Quartz Pebble Conglomerate 03360 245.70 246.10 0.40

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked Supported : Clast Supported Weathering :No

:245.70 246.10

Best conglomerate at FW

Colour- Colour 1 : Green:245.77 247.06

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:245.70 246.10

Smokey

246.10 246.25 Lithology: Quartzite 03361 246.10 246.25 0.15

Horizon246.10 : Wall Type : Foot Wall

Sharp contact

Texture- Texture Type : Granular Grain Size : Medium to

Course Weathering : No:246.10 246.25

Fine pyrite bands

Mineralization- Min Type : Pyrite Min Pct VE : 1 Min Texture :

Detrital:246.10 246.25

Fine banding

246.25 246.45 Lithology: Quartzite 03362 246.25 246.45 0.20

Texture- Grain Size : Medium to Course:246.25 246.45

Few dark bands

246.45 246.77 Lithology: Quartzite 03363 246.45 246.77 0.32

Texture- Grain Size : Medium to Course:246.45 246.77

Few dark bands

246.77 247.06 Lithology: Quartzite 03364 246.77 247.06 0.29

Texture- Texture Type : Granular Grain Size : Medium to

Course:246.77 247.06

Page 12 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

247.06 255.15 Lithology: QuartziteFW quartzite

Texture- Texture Type : Massive Grain Size : Medium Grain

Weathering : No:247.06 255.15

Few dark bands255.15 256.00 Lithology: Quartzite

Sharp lower contact, appears to be unconformity.

Texture- Texture Type : Massive Grain Size : Medium to

Course Supported : Clast Supported:255.15 256.00

Gradational into gabbro

Colour- Colour 1 : Grey Colour Tone 1 : Medium:255.15 256.00

256.00 256.65 Lithology: Quartzite

Texture- Texture Type : Massive Grain Size : Fine Grain:256.00 256.65

Colour- Colour 1 : Grey Colour Tone 1 : Dark:256.00 256.65

Alteration- Alt Type : Chlorite Alt Intensity : Strong Alt Pct

VE : Pervasive:256.00 256.65

Structure:256.00 Angle : 80.000 Structure Type : Unconformity

Irregular contact

Page 13 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

256.65 270.00 Lithology: Metamorphic VolcanicsMassive dense basalt to 261m. Sections of chlorite schist and quartz carbonateveining. Massive anddense for the most part - Archean volcanics.

Horizon256.65 : Wall Type : Unconformity

Unconformity

Texture- Texture Type : Massive Grain Size : Very Fine Grain:256.65 270.00

Structure:256.65 Angle : 85.000 Structure Type : Unconformity

Very faint contact

:258.15 Thickness Along Core : 0.32 Structure Type : VuggyQuartz carbonate veining.

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY128.52 129.4303289129.43 130.0503290130.05 130.6003291130.60 131.2403292131.24 131.9703293131.97 134.3503294134.35 135.2303295135.23 135.9103296135.91 136.1203297136.12 136.3203298136.32 136.6203299136.62 136.8203300136.82 137.2903301137.29 137.6203302137.62 138.9903303138.99 139.5303304139.53 140.1203305140.12 140.7003306140.70 141.6703307141.67 141.9903308141.99 142.4803309142.48 142.9703310

Page 14 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY142.97 143.2703311143.27 144.5003312144.50 145.0603313145.06 145.8703314145.87 146.5803315146.58 146.9203318146.92 147.6503319147.65 148.4203320148.42 149.2603321149.26 149.8203322149.82 150.4903323150.49 151.0003324151.00 151.9403325151.94 152.8303326152.83 153.6203327153.62 154.1703328154.17 154.3203329239.65 239.8403330239.84 240.1503331240.15 240.6203332240.62 240.7903333240.79 241.2503334241.25 241.5303335241.53 242.2303338242.23 242.5903339242.59 242.7103340242.71 242.8803341242.88 243.0703342243.07 243.3303343243.33 243.4703344243.47 243.6803345243.68 243.8703346243.87 244.0403348244.04 244.1703349244.17 244.3403350244.34 244.5103351244.51 244.7203352244.72 244.9603353244.96 245.1503354245.15 245.3703355245.37 245.5503358245.55 245.7003359245.70 246.1003360246.10 246.2503361

- PELE MOUNTAIN RESOURCES

Page 15 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY246.25 246.4503362246.45 246.7703363246.77 247.0603364

Sample Type DUP243.68 243.8703347

Sample Type Blank033560333603316

Sample Type DL-1A0333703317

Sample Type UTS-403357

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

204.00 207.00 3.00 2.92 97.33

207.00 210.00 3.00 2.77 92.33

210.00 213.00 3.00 2.76 92.00

213.00 216.00 3.00 2.27 75.67

216.00 219.00 3.00 2.71 90.33

219.00 222.00 3.00 3.00 100.00

222.00 225.00 3.00 3.00 100.00

225.00 228.00 3.00 3.00 100.00

228.00 231.00 3.00 2.95 98.33

231.00 234.00 3.00 3.00 100.00

234.00 237.00 3.00 2.93 97.67

237.00 240.00 3.00 3.00 100.00

240.00 243.00 3.00 3.00 100.00

243.00 246.00 3.00 2.91 97.00

246.00 249.00 3.00 2.91 97.00

249.00 252.00 3.00 2.88 96.00

252.00 255.00 3.00 3.00 100.00

255.00 258.00 3.00 2.57 85.67

Page 16 of 16Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM150 Units: METRICPM08-HaProposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

258.00 261.00 3.00 2.53 84.33

261.00 264.00 3.00 2.62 87.33

264.00 267.00 3.00 2.69 89.67

267.00 270.00 3.00 1.96 65.33

Page 1 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM149 Units: METRICPM-08-Proposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-74.50Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Sep 23, 2008Date Started:

Date Completed: Sep 25, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 180.00

Length: 199.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138271.90

East: 383587.40

Elev: 391.10

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright & A. Maceachern

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 2.00 Lithology: CasingOne large 1.2m light-white quartzite boulder & diabase, granite rubble.

Page 2 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM149 Units: METRICPM-08-Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

2.00 86.20 Lithology: QuartziteStinson Member. Up to 15m of core has oxidized banding associated withfractures and jointing.Chilled sections a few cm's into the core surrounding the fractures. Typically45deg to LCA fractures.Occasional PBQZ section at 69.5m to 86.2m, with white quartz clasts. Stinsonconglomerate.

Texture- Texture Type : Massive Grain Size : Fine to Medium

Grain:2.00 86.20

Occasional section of pea-sized quartz clast.

Alteration- Alt Type : Unknown Pink Alt Intensity : Medium:2.00 46.00

- Alt Type : Unknown Pink Alt Intensity : Weak:55.67 63.60

Structure:10.00 Angle : 15.000 Structure Type : Fracture

rusty

:11.00 Angle : 10.000 Structure Type : Fracturerusty

:27.00 Angle : 15.000 Structure Type : Fracturerusty

:46.00 Angle : 10.000 Thickness Along Core : 1.00 StructureType : Fracture

broken with rusty fracturing.:55.64 Angle : 80.000 Thickness Along Core : 0.03 Structure

Type : Breccia Structure Fill Mat : QuartziteWhite and mafic clasts. Siltstone on either side of structure.

:55.67 Angle : 75.000 Thickness Along Core : 7.93Core shattered to 5cm pieces.

:63.60 Angle : 75.000 Thickness Along Core : 5.90Siltstone - core 10% broken - gritty into lower unit.

Page 3 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM149 Units: METRICPM-08-Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

86.20 174.77 Lithology: QuartziteRyan Member. Typical green arkosic quartzite. Good quality core. Few quartzclasts and narrow darkbands of smokey quartrz grains and trace pyrite. Ocasional very fine siltstonebed. Bedding @ 80degto LCA. Increase in dark banding and floater PBQZ beds down section. Noteably160.0 to 166.93m.

Horizon86.20 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:86.20 174.77

Colour- Colour 1 : Green Colour Tone 1 : Medium:86.20 174.77

174.77 175.52 Lithology: Quartzite 3262 174.77 175.52 0.75

175.52 175.62 Lithology: Quartz Pebble Conglomerate 3263 175.52 175.62 0.10

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:175.52 175.62

Mineralization- Min Type : Pyrite:175.52 175.62

very poor

175.62 175.83 Lithology: Quartzite 3264 175.62 175.83 0.21

175.83 176.03 Lithology: Quartzite 3265 175.83 176.03 0.20

176.03 176.24 Lithology: Quartzite 3266 176.03 176.24 0.21

176.24 176.46 Lithology: Quartzite 3267 176.24 176.46 0.22

Page 4 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM149 Units: METRICPM-08-Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

176.46 176.72 Lithology: Quartz Pebble Conglomerate 3268 176.46 176.72 0.26HW MCB

Horizon176.46 : Wall Type : Hanging Wall

HW MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:176.46 176.72

Mineralization- Min Type : Pyrite Min Texture : Disseminated:176.46 176.72

poor

176.72 176.85 Lithology: Quartz Pebble Conglomerate 3269 176.72 176.85 0.13

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed Pebble Description :Smokey

:176.72 176.85

176.85 177.02 Lithology: Quartz Pebble Conglomerate 3270 176.85 177.02 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Pebble Description : Smokey:176.85 177.02

Mineralization- Min Type : Pyrite Min Texture : Disseminated:176.85 177.02

poor

177.02 177.18 Lithology: Quartz Pebble Conglomerate 3271 177.02 177.18 0.16

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:177.02 177.18

Mineralization- Min Type : Pyrite Min Texture : Disseminated:177.02 177.18

fair

Page 5 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM149 Units: METRICPM-08-Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

177.18 177.37 Lithology: Quartz Pebble Conglomerate 3272 177.18 177.37 0.19

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:177.18 177.37

Mineralization- Min Type : Pyrite Min Texture : Banding:177.18 177.37

heavy

177.37 177.57 Lithology: Quartz Pebble Conglomerate 3273 177.37 177.57 0.20

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:177.37 177.57

177.57 177.72 Lithology: Quartz Pebble Conglomerate 3274 177.57 177.72 0.15As previous.

177.72 177.98 Lithology: Quartz Pebble Conglomerate 3275 177.72 177.98 0.263286 177.72 177.98 0.26Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Packing : Well Packed PebbleDescription : Smokey

:177.72 177.98

177.98 178.14 Lithology: Quartz Pebble Conglomerate 3276 177.98 178.14 0.16

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed Pebble Description :Smokey

:177.98 178.14

178.14 178.40 Lithology: Quartz Pebble Conglomerate 3277 178.14 178.40 0.26

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed PebbleDescription : Smokey

:178.14 178.40

Best conglomerate

Mineralization- Min Type : Pyrite Min Texture : Banding:178.14 178.40

heavy

Page 6 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM149 Units: METRICPM-08-Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

178.40 178.52 Lithology: Quartz Pebble Conglomerate 3278 178.40 178.52 0.12FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:178.40 178.52

178.52 179.19 Lithology: Quartzite 3279 178.52 179.19 0.67

Horizon178.52 : Wall Type : Foot Wall

FW MCB

Texture- Texture Type : Mottled Grain Size : Medium Grain:178.52 179.19

Colour- Colour 1 : Green:178.52 179.19

179.19 187.85 Lithology: Quartzite

Texture- Grain Size : Fine Grain:179.19 187.85

Colour- Colour 1 : Green Colour Tone 1 : Light:179.19 187.85

187.85 188.15 Lithology: Quartzite 3280 187.85 188.15 0.30

Texture- Grain Size : Fine Grain:187.85 188.15

Colour- Colour 1 : Green Colour Tone 1 : Light:187.85 188.15

Page 7 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM149 Units: METRICPM-08-Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

188.15 188.41 Lithology: Pebble Quartz 3281 188.15 188.41 0.26HW BCB

Horizon188.15 : Wall Type : Hanging Wall

HW BCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:188.15 188.41

narrow bands of pale green paleosol - reworked.

Mineralization- Min Type : Pyrite Min Texture : Specks:188.15 188.41

scattered coarse pyrite grains

188.41 188.63 Lithology: Pebble Quartz 3282 188.41 188.63 0.22As previous

188.63 188.89 Lithology: Quartz Pebble Conglomerate 3283 188.63 188.89 0.26

Texture- Texture Type : Pebble:188.63 188.89

Irregular tabular paleosol clasts. Qtz. pebbles look more normal.

188.89 189.15 Lithology: Quartz Pebble Conglomerate 3284 188.89 189.15 0.26As previous. FW BCB

189.15 190.00 Lithology: Paleosoil 3285 189.15 190.00 0.85Drillers tag @ 190

Horizon189.15 : Wall Type : Foot Wall

FW BCB cut by paleosol.

190.00 191.80 Lithology: Paleosoil

191.80 199.00 Lithology: Metamorphic Volcanics

Horizon191.80 : Wall Type : Unconformity

Colour- Colour 1 : Black:191.80 199.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY174.77 175.523262

Page 8 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM149 Units: METRICPM-08-Proposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY175.52 175.623263175.62 175.833264175.83 176.033265176.03 176.243266176.24 176.463267176.46 176.723268176.72 176.853269176.85 177.023270177.02 177.183271177.18 177.373272177.37 177.573273177.57 177.723274177.72 177.983275177.98 178.143276178.14 178.403277178.40 178.523278178.52 179.193279187.85 188.153280188.15 188.413281188.41 188.633282188.63 188.893283188.89 189.153284189.15 190.003285

Sample Type DUP177.72 177.983286

Sample Type Blank3287

Sample Type DL-1A3288

- PELE MOUNTAIN RESOURCES

Page 1 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM148 Units: METRICPM-08-DaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-70.50Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Sep 24, 2008Date Started:

Date Completed: Sep 26, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 261.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138528.30

East: 384086.80

Elev: 391.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright & A. Maceachern

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 1.50 Lithology: CasingGranite rubble and one diabase boulder.

1.50 12.54 Lithology: Ramsey Lake ConglomerateAssorted and randomly deposited quartz (white) and granite clasts.Lower contact sharp @ 25deg to LCA

Texture- Texture Type : Massive Grain Size : Fine to Medium

Grain:1.50 12.54

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:1.50 12.54

12.54 19.66 Lithology: Greywacke

Texture- Texture Type : Massive Grain Size : Fine to Medium

Grain:12.54 19.66

Colour- Colour 1 : Grey Colour Tone 1 : Dark:12.54 19.66

Mineralization- Min Type : Pyrrhotite Min Texture : Massive:12.96 13.10

Page 2 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM148 Units: METRICPM-08-DaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

19.66 51.70 Lithology: ArgilliteOccasional greywacke section. Muddy section @ 48.3m . Drillers tag at 52m -possibly lost 30cm inmud section. Probable fault.

Texture- Grain Size : Very Fine Grain:19.66 51.70

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:19.66 51.70

Page 3 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM148 Units: METRICPM-08-DaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

51.70 159.35 Lithology: QuartziteStinson Member. Typically light grey, with occasional quartz clast. Weak pyriticbanding.Occasional siltstone bed with a yellowish-buff brown colour. Some very brokenup sections.

Horizon51.70 : Wall Type : Hanging Wall

Stinson

Texture- Texture Type : Massive Grain Size : Fine to Medium

Grain:51.70 159.35

Colour- Colour 1 : Grey Colour Tone 1 : Light:51.70 159.35

Dark grey at 51.7 to 58m. Blocky core.

Alteration- Alt Type : Unknown Pink Alt Intensity : Medium:92.46 108.00

Broken core.

Structure:87.00 Angle : 25.000 Structure Type : Fracture

Weak rusting of surface.

:99.90 Angle : 80.000 Structure Type : SillSiltstone bed

:101.80 Angle : 80.000 Thickness Along Core : 0.05 StructureType : Breccia Structure Fill Mat : Breccia

Fault breccia:119.60 Angle : 80.000 Thickness Along Core : 0.06 Structure

Type : Vuggy Structure Fill Mat : QuartziteLike sand

:123.60 Angle : 80.000 Thickness Along Core : 0.08 StructureType : Vuggy Structure Fill Mat : Quartzite

Like sand

Page 4 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM148 Units: METRICPM-08-DaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

159.35 227.49 Lithology: QuartziteRyan Member. Very good quality core. Quartz clasts and narrow pyritic banding.Beding 75 to 80deg.

Horizon159.35 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:159.35 227.49

Colour- Colour 1 : Green Colour Tone 1 : Medium:159.35 227.49

227.49 227.57 Lithology: Quartz Pebble Conglomerate 3226 227.49 227.57 0.08

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:227.49 227.57

Mineralization- Min Type : Pyrite Min Texture : Disseminated:227.49 227.57

fine

227.57 227.96 Lithology: Quartzite 3227 227.57 227.96 0.39

227.96 228.10 Lithology: Quartz Pebble Conglomerate 3228 227.96 228.10 0.14Drillers tag at 228m

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:227.96 228.10

228.10 228.75 Lithology: Quartzite 3229 228.10 228.75 0.65

228.75 229.37 Lithology: Quartzite 3230 228.75 229.37 0.62

Texture- :228.75 229.37

Few PQ bands

229.37 231.52 Lithology: Quartzite 3231 229.37 231.52 2.15

231.52 231.82 Lithology: Quartzite 3232 231.52 231.82 0.30

Texture- :231.52 231.82

Few PQ bands.

Page 5 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM148 Units: METRICPM-08-DaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

231.82 231.99 Lithology: Quartzite 3233 231.82 231.99 0.17

231.99 232.57 Lithology: Quartzite 3234 231.99 232.57 0.58

Texture- :231.99 232.57

Few PQ bands

232.57 233.46 Lithology: Quartzite 3235 232.57 233.46 0.89

233.46 233.74 Lithology: Pebble Quartz 3236 233.46 233.74 0.28

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:233.46 233.74

Mineralization- Min Type : Pyrite Min Texture : Disseminated:233.46 233.74

poor

233.74 234.62 Lithology: Quartzite 3237 233.74 234.62 0.88

234.62 234.94 Lithology: Quartzite 3238 234.62 234.94 0.32

Texture- :234.62 234.94

Narrow PQ bands - very poor overall.

234.94 235.29 Lithology: Quartzite 3239 234.94 235.29 0.35

235.29 235.98 Lithology: Quartzite 3240 235.29 235.98 0.69

235.98 236.54 Lithology: Quartzite 3241 235.98 236.54 0.56

Texture- :235.98 236.54

6 very poor pyrite stringers. Odd pebble.

236.54 236.85 Lithology: Quartzite 3242 236.54 236.85 0.31Drillers tag @ 237

Texture- :236.54 236.85

7 PQ bands some with trace pyrite.

236.85 237.24 Lithology: Quartzite 3243 236.85 237.24 0.39

Page 6 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM148 Units: METRICPM-08-DaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

237.24 237.55 Lithology: Quartz Pebble Conglomerate 3244 237.24 237.55 0.313259 237.24 237.55 0.31HW MCB

Horizon237.24 : Wall Type : Hanging Wall

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:237.24 237.55

Mineralization- Min Type : Pyrite Min Texture : Detrital:237.24 237.55

poor to fair

237.55 237.69 Lithology: Pebble Quartz 3245 237.55 237.69 0.14

Texture- :237.55 237.69

overall poor

237.69 237.91 Lithology: Quartz Pebble Conglomerate 3246 237.69 237.91 0.22

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:237.69 237.91

237.91 238.11 Lithology: Quartz Pebble Conglomerate 3247 237.91 238.11 0.20

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:237.91 238.11

238.11 238.31 Lithology: Quartzite 3248 238.11 238.31 0.20

Texture- :238.11 238.31

poor PQ band in middle

Page 7 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM148 Units: METRICPM-08-DaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

238.31 238.47 Lithology: Quartz Pebble Conglomerate 3249 238.31 238.47 0.16

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Pebble Description : Smokey:238.31 238.47

Mineralization- Min Type : Pyrite Min Texture : Disseminated:238.31 238.47

poor

238.47 238.67 Lithology: Quartz Pebble Conglomerate 3250 238.47 238.67 0.20As 3249

238.67 238.91 Lithology: Quartz Pebble Conglomerate 3251 238.67 238.91 0.24

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed PebbleDescription : Smokey

:238.67 238.91

Mineralization- Min Type : Pyrite Min Texture : Detrital:238.67 238.91

good

238.91 239.01 Lithology: Quartz Pebble Conglomerate 3252 238.91 239.01 0.10

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed PebbleDescription : Smokey

:238.91 239.01

Mineralization- Min Type : Pyrite Min Texture : Detrital:238.91 239.01

very good

239.01 239.15 Lithology: Quartzite 3253 239.01 239.15 0.14

Texture- :239.01 239.15

Occasional pebble.

Page 8 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM148 Units: METRICPM-08-DaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

239.15 239.28 Lithology: Quartz Pebble Conglomerate 3254 239.15 239.28 0.13

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed PebbleDescription : Smokey

:239.15 239.28

Mineralization- Min Type : Pyrite Min Texture : Banding:239.15 239.28

heavy

239.28 239.42 Lithology: Quartzite 3255 239.28 239.42 0.14

Texture- :239.28 239.42

Occasional 2cm pebble.

239.42 239.78 Lithology: Quartzite 3256 239.42 239.78 0.36

Texture- :239.42 239.78

Some banding - poor

239.78 239.87 Lithology: Quartz Pebble Conglomerate 3257 239.78 239.87 0.09FW MCB. Drillers tag @ 240

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Pebble Description : Smokey:239.78 239.87

239.87 240.58 Lithology: Quartzite 3258 239.87 240.58 0.71

Horizon239.87 : Wall Type : Foot Wall

Texture- :239.87 240.58

Occasional pebble and trace pyrite.

240.58 249.56 Lithology: Quartzite

Colour- Colour 1 : Green Colour Tone 1 : Light Colour 2

: Grey Colour Tone 2 : Medium:240.58 249.56

249.56 251.47 Lithology: PaleosoilSome hematite on fractures and last 0.09m has fault slips and breccia.

Page 9 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM148 Units: METRICPM-08-DaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

251.47 261.00 Lithology: Metamorphic Volcanics

Horizon251.47 : Wall Type : Unconformity

Texture- Grain Size : Very Fine Grain:251.47 261.00

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:251.47 261.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY227.49 227.573226227.57 227.963227227.96 228.103228228.10 228.753229228.75 229.373230229.37 231.523231231.52 231.823232231.82 231.993233231.99 232.573234232.57 233.463235233.46 233.743236233.74 234.623237234.62 234.943238234.94 235.293239235.29 235.983240235.98 236.543241236.54 236.853242236.85 237.243243237.24 237.553244237.55 237.693245237.69 237.913246237.91 238.113247238.11 238.313248238.31 238.473249238.47 238.673250238.67 238.913251238.91 239.013252

Page 10 of 10Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM148 Units: METRICPM-08-DaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY239.01 239.153253239.15 239.283254239.28 239.423255239.42 239.783256239.78 239.873257239.87 240.583258

Sample Type DUP237.24 237.553259

Sample Type Blank3260

Sample Type DL-1A3261

- PELE MOUNTAIN RESOURCES

Page 1 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM147 Units: METRICPM-08-OaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-71.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Sep 20, 2008Date Started:

Date Completed: Sep 23, 2008

Purpose: Infill

3009485

Joubin

Collar Az: 180.00

Length: 176.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138242.20

East: 383712.20

Elev: 382.30

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 40.00 Lithology: CasingGranite rubble and quartzite, diabase boulders.

40.00 58.90 Lithology: QuartziteStinson Member. Few dark stringers. First meter is a darker green-buff colouredsiltstone.Sharp contact with Ryan member. Quartz breccia sill associated with the contact.Bedding planes @ 75 - 80 deg to LCA.

Texture- Grain Size : Medium to Course:40.00 58.90

Colour- Colour 1 : Grey Colour Tone 1 : Light:40.00 58.90

Structure:53.00 Angle : 10.000 Structure Type : Fracture

Page 2 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM147 Units: METRICPM-08-OaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

58.90 134.66 Lithology: QuartziteRyan Member. Typical green, arkosic with numerous narrow dark bands ofsmokey quartz grainsand trace pyrite. Bedding 75 to 80deg to LCA. Very minor floater bed formation.

Horizon58.90 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:58.90 134.66

Bedding increases to 80to85deg @ 91-112m. Occasional pea-sized clast.

Colour- Colour 1 : Green Colour Tone 1 : Medium:58.90 134.66

Structure:112.70 Angle : 10.000 Structure Type : Fracture

Broken core - some fractures rusty.

134.66 135.17 Lithology: Quartzite 3184 134.66 135.17 0.51

Texture- Grain Size : Medium to Course:134.66 135.17

Occasional quartz clast.

Colour- Colour 1 : Green:134.66 135.17

135.17 135.43 Lithology: Quartz Pebble Conglomerate 3185 135.17 135.43 0.26

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Well PackedPebble Description : Smokey

:135.17 135.43

Mineralization- Min Type : Pyrite:135.17 135.43

Fair coarse pyrite

135.43 135.51 Lithology: Quartzite 3186 135.43 135.51 0.08

Texture- Grain Size : Medium Grain:135.43 135.51

Occasional quartz clast.

Page 3 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM147 Units: METRICPM-08-OaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

135.51 135.66 Lithology: Pebble Quartz 3187 135.51 135.66 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:135.51 135.66

135.66 135.89 Lithology: Quartz Pebble Conglomerate 3188 135.66 135.89 0.23

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:135.66 135.89

135.89 136.40 Lithology: Pebble Quartz 3189 135.89 136.40 0.51

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:135.89 136.40

Few dark bands.

Mineralization- Min Type : Pyrite:135.89 136.40

<1%

136.40 136.86 Lithology: Quartzite 3190 136.40 136.86 0.46

Texture- Grain Size : Medium to Course:136.40 136.86

Occasional quartz clast.

136.86 149.10 Lithology: QuartziteNumerous narrow dark mineralized bands. Occasional PBQZ bed 3-5cm.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:136.86 149.10

Structure:149.00 Angle : 25.000 Structure Type : Fracture

Drill induced.

149.10 149.61 Lithology: Quartzite 3191 149.10 149.61 0.51

Texture- Grain Size : Medium to Course:149.10 149.61

Occasional pea-sized quartz clast. Pyrite bands.

Colour- Colour 1 : Green:149.10 149.61

Page 4 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM147 Units: METRICPM-08-OaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

149.61 150.25 Lithology: Quartzite 3192 149.61 150.25 0.64As previous.

150.25 150.35 Lithology: Quartz Pebble Conglomerate 3193 150.25 150.35 0.10

Texture- Texture Type : Pebble Packing : Loosely Packed

Pebble Description : Smokey:150.25 150.35

Mineralization- Min Type : Pyrite Min Texture : Disseminated:150.25 150.35

Trace

150.35 150.50 Lithology: Quartzite 3194 150.35 150.50 0.15

Texture- Grain Size : Medium Grain:150.35 150.50

Colour- Colour 1 : Green:150.35 150.50

150.50 150.53 Lithology: Quartz Pebble Conglomerate 3195 150.50 150.53 0.03

Texture- Grain Size : Pea Size (<1cm):150.50 150.53

Mineralization- Min Type : Pyrite:150.50 150.53

Fair

150.53 150.65 Lithology: Quartzite 3196 150.53 150.65 0.12

Texture- Grain Size : Medium Grain:150.53 150.65

Colour- Colour 1 : Green:150.53 150.65

150.65 150.71 Lithology: Quartz Pebble Conglomerate 3197 150.65 150.71 0.06As 3195

150.71 150.82 Lithology: Quartzite 3198 150.71 150.82 0.11As 3196

Page 5 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM147 Units: METRICPM-08-OaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

150.82 150.88 Lithology: Pebble Quartz 3199 150.82 150.88 0.06

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:150.82 150.88

150.88 151.02 Lithology: Quartzite 3200 150.88 151.02 0.14

Texture- Grain Size : Medium to Course Pebble

Description : Smokey:150.88 151.02

151.02 151.22 Lithology: Quartz Pebble Conglomerate 3203 151.02 151.22 0.20HW MCB

Horizon151.02 : Wall Type : Hanging Wall

HW MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:151.02 151.22

Light green cement.

Mineralization- Min Type : Pyrite:151.02 151.22

<1%

151.22 151.41 Lithology: Pebble Quartz 3204 151.22 151.41 0.19

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):151.22 151.41

Coarse groundmass

151.41 151.49 Lithology: Quartz Pebble Conglomerate 3205 151.41 151.49 0.08

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked Pebble Description : Smokey

:151.41 151.49

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Disseminated:151.41 151.49

Page 6 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM147 Units: METRICPM-08-OaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

151.49 151.77 Lithology: Quartz Pebble Conglomerate 3206 151.49 151.77 0.28

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:151.49 151.77

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:151.49 151.77

151.77 151.90 Lithology: Quartz Pebble Conglomerate 3207 151.77 151.90 0.13

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : WellPacked Pebble Description : Smokey

:151.77 151.90

some chert

Mineralization- Min Type : Pyrite:151.77 151.90

<1%

151.90 152.00 Lithology: Quartz Pebble Conglomerate 3208 151.90 152.00 0.10Drillers tag @ 152

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:151.90 152.00

Mineralization- Min Type : Pyrite:151.90 152.00

<1%

152.00 152.08 Lithology: Quartz Pebble Conglomerate 3209 152.00 152.08 0.08

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed Pebble Description :Smokey

:152.00 152.08

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Stringer:152.00 152.08

Page 7 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM147 Units: METRICPM-08-OaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

152.08 152.40 Lithology: Quartz Pebble Conglomerate 3210 152.08 152.40 0.32

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:152.08 152.40

10% pebble content.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Disseminated:152.08 152.40

152.40 152.65 Lithology: Quartz Pebble Conglomerate 3211 152.40 152.65 0.253212 152.40 152.65 0.25Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Pebble Description : Smokey

:152.40 152.65

mix of chert and quartz. Coarse groundmass.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:152.40 152.65

152.65 152.80 Lithology: Quartz Pebble Conglomerate 3213 152.65 152.80 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked Pebble Description : Smokey

:152.65 152.80

Quartz and chert.

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Buckshot:152.65 152.80

152.80 153.03 Lithology: Quartz Pebble Conglomerate 3214 152.80 153.03 0.23FW MCB

Texture- Texture Type : Pebble Grain Size : Cobble Size

(>3cm) Packing : Loosely Packed PebbleDescription : White

:152.80 153.03

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Disseminated:152.80 153.03

poor

Page 8 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM147 Units: METRICPM-08-OaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

153.03 153.50 Lithology: Quartzite 3215 153.03 153.50 0.47

Horizon153.03 : Wall Type : Foot Wall

FW MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:153.03 153.50

Colour- Colour 1 : Green Colour Tone 1 : Light:153.03 153.50

153.50 161.82 Lithology: Quartzite

Texture- Grain Size : Medium Grain:153.50 161.82

Occasional pea-sized clast and dark stringer. 80deg to LCA.

Colour- Colour 1 : Green Colour Tone 1 : Light:153.50 161.82

161.82 162.25 Lithology: Quartzite 3216 161.82 162.25 0.43

Texture- Texture Type : Massive Grain Size : Medium Grain:161.82 162.25

Colour- Colour 1 : Green Colour Tone 1 : Light:161.82 162.25

pale green

162.25 162.41 Lithology: Quartz Pebble Conglomerate 3217 162.25 162.41 0.16HW BCB

Horizon162.25 : Wall Type : Hanging Wall

HW BCB

Texture- Texture Type : Pebble Grain Size : Cobble Size

(>3cm) Packing : Medium Packed PebbleDescription : Smokey

:162.25 162.41

Mafic chert, elongated. Pyrite cubes.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Semi-Massive:162.25 162.41

cubed

Page 9 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM147 Units: METRICPM-08-OaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

162.41 162.59 Lithology: Quartz Pebble Conglomerate 3218 162.41 162.59 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:162.41 162.59

few quartz clast to 4cm. Medium to dark green groundmass

Mineralization- Min Type : Pyrite:162.41 162.59

<1%

162.59 162.75 Lithology: Quartzite 3219 162.59 162.75 0.16

Texture- Texture Type : Massive Grain Size : Medium Grain:162.59 162.75

Colour- Colour 1 : Green Colour Tone 1 : Dark:162.59 162.75

light green sericitic cement.

162.75 162.96 Lithology: Quartz Pebble Conglomerate 3220 162.75 162.96 0.21Very strong radioactivity - 3000+ cps.

Texture- Texture Type : Cobble Grain Size : Cobble Size

(>3cm) Packing : Well Packed:162.75 162.96

medium grain, green matrix.

Mineralization- Min Type : Pyrite:162.75 162.96

Few massive pyrite blebs.

Alteration- Alt Type : Unknown Orange Alt Intensity : Weak:162.75 162.96

162.96 163.02 Lithology: Quartzite 3222 162.96 163.02 0.06

Texture- Grain Size : Fine Grain:162.96 163.02

Forms irregular contacts with bedding.

Colour- Colour 1 : Green:162.96 163.02

Page 10 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM147 Units: METRICPM-08-OaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

163.02 163.18 Lithology: Quartz Pebble Conglomerate 3223 163.02 163.18 0.16

Texture- Texture Type : Cobble Grain Size : Cobble Size

(>3cm) Rounding : Angular Packing : LooselyPacked

:163.02 163.18

Light green sericitic groundmass. Quartz and chert clasts. 4-6cm.

Mineralization- Min Type : Pyrite:163.02 163.18

<1%

163.18 163.50 Lithology: Quartz Pebble Conglomerate 3224 163.18 164.05 0.87FW BCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Angular Packing : MediumPacked

:163.18 163.50

Quartz/chert. Elongated and angular. Paleosoil shards.

Mineralization- Min Type : Pyrite:163.18 163.50

<1%

163.50 164.05 Lithology: PaleosoilCan be scratched. Muddy in few sections.

Horizon163.50 : Wall Type : Foot Wall

FW BCB

Texture- Grain Size : Very Fine Grain:163.50 164.05

Colour- Colour 1 : Green Colour Tone 1 : Light:163.50 164.05

Page 11 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM147 Units: METRICPM-08-OaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

164.05 165.75 Lithology: PaleosoilIncreasing darker green down section. Sharp contact with Volcanics.Quartz/carbonate sill - 1cm.Few quartz fragments into volcanics.

Texture- Grain Size : Very Fine Grain:164.05 165.75

Colour- Colour 1 : Green Colour Tone 1 : Medium

Colour 2 : Green Colour Tone 2 : Dark:164.05 165.75

165.75 176.00 Lithology: Metamorphic VolcanicsBegins as dense chloritic basalt, then into banded flows. Fairly intense foliation.Some sectionsof chlorite schist.

Horizon165.75 : Wall Type : Unconformity

Texture- Grain Size : Very Fine Grain:165.75 176.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:165.75 176.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY134.66 135.173184135.17 135.433185135.43 135.513186135.51 135.663187135.66 135.893188135.89 136.403189136.40 136.863190149.10 149.613191149.61 150.253192150.25 150.353193150.35 150.503194150.50 150.533195

Page 12 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM147 Units: METRICPM-08-OaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY150.53 150.653196150.65 150.713197150.71 150.823198150.82 150.883199150.88 151.023200151.02 151.223203151.22 151.413204151.41 151.493205151.49 151.773206151.77 151.903207151.90 152.003208152.00 152.083209152.08 152.403210152.40 152.653211152.65 152.803213152.80 153.033214153.03 153.503215161.82 162.253216162.25 162.413217162.41 162.593218162.59 162.753219162.75 162.963220162.96 163.023222163.02 163.183223163.18 164.053224

Sample Type DUP152.40 152.653212

Sample Type Blank3201

Sample Type DL-1A3202

Sample Type UTS-43221

- PELE MOUNTAIN RESOURCES

Page 1 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM146 Units: METRICPM-08-AaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-66.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Sep 21, 2008Date Started:

Date Completed: Sep 23, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 258.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138580.40

East: 384210.50

Elev: 373.10

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 4.50 Lithology: CasingGranite rubble - argillite boulder - diabase fragments.Good meterage on core - core checked.

4.50 50.87 Lithology: ArgilliteGood quality core. Some greywacke sections.

Texture- Grain Size : Very Fine Grain:4.50 50.87

Colour- Colour 1 : Black:4.50 50.87

Page 2 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM146 Units: METRICPM-08-AaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

50.87 156.76 Lithology: QuartziteStinson member. Weak banding at start. Occasional weak PQ section.Some sections of core are broken and some are stained pink.Occasional siltstone bed. Widespread k-feldspar grains.Much of core broken 123 to 147m.

Horizon50.87 : Wall Type : Hanging Wall

Stinson

Texture- Texture Type : Bedding Grain Size : Fine to Medium

Grain:50.87 156.76

Colour- Colour 1 : Grey Colour Tone 1 : Light Colour 2 :

Buff Brown Colour Tone 2 : Light:50.87 57.00

- Colour 1 : Grey Colour Tone 1 : Light:57.00 82.13

- Colour 1 : Grey Colour Tone 1 : Light:82.13 123.86

- Colour 1 : Grey Colour Tone 1 : Medium:123.86 156.76

Alteration- Alt Type : Unknown Pink Alt Intensity : Weak:57.00 91.00

- Alt Type : K-Feldspar Alt Intensity : Medium:91.00 123.80

- :123.80 147.00dark staining on most of joints and fractures.

- Alt Type : K-Feldspar:147.00 156.76buff coloured staining

Structure:82.10 Angle : 5.000 Thickness Along Core : 9.00 Structure

Type : FractureCore split in two for section

:104.90 Angle : 75.000 Thickness Along Core : 0.02 StructureType : Gouge Structure Fill Mat : Breccia

dark material in breccia

Page 3 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM146 Units: METRICPM-08-AaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

Structure:147.00 Angle : 20.000 Structure Type : Fracture

Few high angle fractures

:152.00 Angle : 75.000 Thickness Along Core : 1.00PQ , clasts to 2cm

156.76 159.50 Lithology: LamprophyreSoft, magnetic, dense. Hematite staining at contacts. Much carbonate ingroundmass.Tiny white phenocrysts. Clean contacts @ 15 to 20 deg to LCA.

Texture- Grain Size : Medium Grain:156.76 159.50

Colour- Colour 1 : Black:156.76 159.50

159.50 232.20 Lithology: QuartziteRyan Member. Typical green arkosic quartzite. Bedding @ 75 to 80deg to LCA.Numerous narrow dark bands of smokey quartz and trace pyrite. Very goodquality core.No alteration.

Horizon159.50 : Wall Type : Hanging Wall

Ryan

Texture- Grain Size : Medium to Course:159.50 232.20

Increase in PBQZ beds, 2-5cm. Odd bull quartz vein.

Alteration- Alt Type : Unknown Pink Alt Intensity : Weak:192.00 193.00

232.20 232.40 Lithology: Quartzite 3145 232.20 232.40 0.20

Texture- Grain Size : Coarse:232.20 232.40

few dark stringers.

Colour- Colour 1 : Green:232.20 232.40

Page 4 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM146 Units: METRICPM-08-AaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

232.40 232.53 Lithology: Quartz Pebble Conglomerate 3146 232.40 232.53 0.13

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium PackedPebble Description : Smokey

:232.40 232.53

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:232.40 232.53

232.53 232.86 Lithology: Quartzite 3147 232.53 232.86 0.33

Texture- Grain Size : Coarse:232.53 232.86

Occasional quartz clast and dark band.

232.86 232.97 Lithology: Quartz Pebble Conglomerate 3148 232.86 232.97 0.11

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):232.86 232.97

Mineralization- Min Type : Pyrite Min Texture : Disseminated:232.86 232.97

fair

232.97 233.18 Lithology: Quartzite 3149 232.97 233.18 0.21

Texture- Grain Size : Medium to Course:232.97 233.18

Colour- Colour 1 : Green:232.97 233.18

233.18 235.05 Lithology: Quartzite

Texture- Grain Size : Medium to Course:233.18 235.05

arkosic- good quality core. occasional quartz clast and dark stringer.

235.05 235.58 Lithology: Quartzite 3150 235.05 235.58 0.53

Texture- Grain Size : Medium to Course:235.05 235.58

occasional quartz clast and dark stringer. Good quality core.

Page 5 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM146 Units: METRICPM-08-AaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

235.58 235.77 Lithology: Quartzite 3151 235.58 235.77 0.19

Texture- Texture Type : Massive Grain Size : Medium Grain:235.58 235.77

Colour- Colour 1 : Green:235.58 235.77

235.77 236.10 Lithology: Quartzite 3152 235.77 236.10 0.33

Texture- Grain Size : Medium to Course:235.77 236.10

pea-sized quartz clast.

Colour- Colour 1 : Green:235.77 236.10

236.10 236.31 Lithology: Quartzite 3153 236.10 236.31 0.21

Texture- Grain Size : Medium to Course:236.10 236.31

Few quartz clasts. Good quality core.

236.31 236.42 Lithology: Quartz Pebble Conglomerate 3154 236.31 236.42 0.11HW MCB

Horizon236.31 : Wall Type : Hanging Wall

HW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Pebble Description : Smokey

:236.31 236.42

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Disseminated:236.31 236.42

Page 6 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM146 Units: METRICPM-08-AaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

236.42 236.63 Lithology: Pebble Quartz 3155 236.42 236.63 0.21

Texture- Grain Size : Coarse:236.42 236.63

Few dark bands and quartz clasts.

Colour- Colour 1 : Green:236.42 236.63

236.63 236.91 Lithology: Quartz Pebble Conglomerate 3156 236.63 236.91 0.28

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed Pebble Description : Smokey

:236.63 236.91

Mineralization- Min Type : Pyrite Min Texture : Disseminated:236.63 236.91

<1%

236.91 237.11 Lithology: Quartz Pebble Conglomerate 3157 236.91 237.11 0.20

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium PackedPebble Description : Smokey

:236.91 237.11

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:236.91 237.11

237.11 237.33 Lithology: Quartz Pebble Conglomerate 3158 237.11 237.33 0.22

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:237.11 237.33

light green cement.237.33 237.60 Lithology: Quartz Pebble Conglomerate 3159 237.33 237.60 0.27

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):237.33 237.60

Few pebble bands.

Page 7 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM146 Units: METRICPM-08-AaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

237.60 237.78 Lithology: Quartz Pebble Conglomerate 3160 237.60 237.78 0.18

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed Pebble Description : Smokey

:237.60 237.78

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:237.60 237.78

237.78 237.90 Lithology: Quartz Pebble Conglomerate 3163 237.78 237.90 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm):237.78 237.90

Bleached looking matrix.

Mineralization- Min Type : Pyrite:237.78 237.90

<1%

237.90 237.99 Lithology: Quartz Pebble Conglomerate 3164 237.90 237.99 0.09

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing : WellPacked Pebble Description : Smokey

:237.90 237.99

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Detrital:237.90 237.99

237.99 238.08 Lithology: Quartz Pebble Conglomerate 3165 237.99 238.08 0.09

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:237.99 238.08

Mineralization- Min Type : Pyrite:237.99 238.08

<1%

Page 8 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM146 Units: METRICPM-08-AaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

238.08 238.17 Lithology: Quartz Pebble Conglomerate 3166 238.08 238.17 0.09

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Pebble Description : Smokey

:238.08 238.17

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:238.08 238.17

238.17 238.46 Lithology: Quartz Pebble Conglomerate 3167 238.17 238.46 0.29

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked Pebble Description : Smokey

:238.17 238.46

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Detrital:238.17 238.46

238.46 238.52 Lithology: Quartzite 3168 238.46 238.52 0.06

Texture- Grain Size : Coarse:238.46 238.52

Colour- Colour 1 : Green:238.46 238.52

238.52 238.63 Lithology: Quartz Pebble Conglomerate 3169 238.52 238.63 0.11

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Pebble Description : Smokey

:238.52 238.63

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:238.52 238.63

Page 9 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM146 Units: METRICPM-08-AaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

238.63 238.82 Lithology: Quartzite 3170 238.63 238.82 0.19

Texture- Grain Size : Coarse:238.63 238.82

Colour- Colour 1 : Green:238.63 238.82

238.82 238.90 Lithology: Quartz Pebble Conglomerate 3171 238.82 238.90 0.08

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed Pebble Description :Smokey

:238.82 238.90

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:238.82 238.90

238.90 239.23 Lithology: Quartz Pebble Conglomerate 3172 238.90 239.23 0.33

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed Pebble Description : Smokey

:238.90 239.23

light green cement in groundmass.

Mineralization- Min Type : Pyrite:238.90 239.23

<1%

239.23 239.40 Lithology: Quartzite 3173 239.23 239.40 0.17

Texture- Grain Size : Coarse:239.23 239.40

Colour- Colour 1 : Green:239.23 239.40

Page 10 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM146 Units: METRICPM-08-AaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

239.40 239.49 Lithology: Quartz Pebble Conglomerate 3174 239.40 239.49 0.09

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed PebbleDescription : Smokey

:239.40 239.49

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:239.40 239.49

239.49 239.67 Lithology: Quartz Pebble Conglomerate 3175 239.49 239.67 0.183176 239.49 239.67 0.18Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:239.49 239.67

chert and quartz

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:239.49 239.67

239.67 239.81 Lithology: Quartz Pebble Conglomerate 3177 239.67 239.81 0.14FW MCB

Texture- Texture Type : Pebble Rounding : Angular

Packing : Loosely Packed:239.67 239.81

light green matrix. Sharp FW contact. Angular mafic clasts.

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:239.67 239.81

239.81 240.70 Lithology: Quartzite 3178 239.81 240.70 0.89

Horizon239.81 : Wall Type : Foot Wall

FW MCB

Texture- Texture Type : Massive Grain Size : Coarse:239.81 240.70

arkosic. Occasional white quart clast.

Page 11 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM146 Units: METRICPM-08-AaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

240.70 251.27 Lithology: QuartziteGrading to grey at bottom. Occasional white quartz clast to 1cm. Very finebanding at bottom.Impure chloritic quartzite at bottom.

Texture- Grain Size : Medium Grain:240.70 251.27

Colour- Colour 1 : Grey Colour Tone 1 : Medium:240.70 251.27

251.27 251.75 Lithology: Quartzite 3179 251.27 251.75 0.48

Texture- Grain Size : Medium Grain:251.27 251.75

Banded and layered 85deg. Chlorite contamination.

Colour- Colour 1 : Green Colour Tone 1 : Dark:251.27 251.75

251.75 251.81 Lithology: Quartz Pebble Conglomerate 3180 251.75 251.81 0.06Basal conglomerate.

Texture- Texture Type : Pebble Packing : Loosely Packed:251.75 251.81

Few angular white quartz clasts with some pyrite streaks imbedded.

Colour- Colour 1 : Green Colour Tone 1 : Dark:251.75 251.81

251.81 252.29 Lithology: Metamorphic Volcanics 3181 251.81 252.29 0.48Sharp contact but irregular orientation.Chloritic, fine tuffaceous banding with intermediate to felsic flow features.Intercalated basalt.

Horizon251.81 : Wall Type : Unconformity

Texture- Grain Size : Very Fine Grain:251.81 252.29

Colour- Colour 1 : Green Colour Tone 1 : Dark:251.81 252.29

Page 12 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM146 Units: METRICPM-08-AaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

252.29 258.00 Lithology: Metamorphic VolcanicsBull quartz vein with massive pyrite and vuggy @ 253m (10cm).Occasional white quartz shard or clast - angular. Occasional chlorite schistsection.Pyrite blebs scattered. Amygdaloidal in part. Minor quartz/carbonate veining.Minor flow breccia.

Texture- Grain Size : Fine Grain:252.29 258.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:252.29 258.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY232.20 232.403145232.40 232.533146232.53 232.863147232.86 232.973148232.97 233.183149235.05 235.583150235.58 235.773151235.77 236.103152236.10 236.313153236.31 236.423154236.42 236.633155236.63 236.913156236.91 237.113157237.11 237.333158237.33 237.603159237.60 237.783160237.78 237.903163237.90 237.993164237.99 238.083165238.08 238.173166238.17 238.463167238.46 238.523168238.52 238.633169238.63 238.823170238.82 238.903171238.90 239.233172

Page 13 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM146 Units: METRICPM-08-AaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY239.23 239.403173239.40 239.493174239.49 239.673175239.67 239.813177239.81 240.703178251.27 251.753179251.75 251.813180251.81 252.293181

Sample Type DUP239.49 239.673176

Sample Type Blank31823161

Sample Type DL-1A3183

Sample Type UTS-33162

- PELE MOUNTAIN RESOURCES

Page 1 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM145 Units: METRICPM-08-OProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-74.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Sep 12, 2008Date Started:

Date Completed: Sep 14, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 305.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138754.00

East: 384339.30

Elev: 342.10

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Namaceachern

Comments: Logged by P. Enright & A. Maceachern

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 26.00 Lithology: CasingGranite, quartzite, argillite, mudstone cobbles and rubble.

26.00 56.35 Lithology: Ramsey Lake Conglomerate

Texture- Texture Type : Cobble Grain Size : Fine Grain

Rounding : Sub-Rounded Packing : Loosely PackedPebble Description : White

:26.00 56.35

granite cobbles

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:26.00 56.35

56.35 79.80 Lithology: Greywacke

Texture- Grain Size : Medium Grain:56.35 79.80

Colour- Colour 1 : Grey Colour Tone 1 : Light Colour 2 :

Grey Colour Tone 2 : Medium:56.35 79.80

Structure:56.35 Angle : 5.000 Structure Type : Fracture

occasional high angle fracture - core generally good.

Page 2 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM145 Units: METRICPM-08-OProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

79.80 112.00 Lithology: ArgilliteIntercallated with siltstone and greywacke. Bedding @ 75deg to LCA

Texture- Grain Size : Fine Grain:79.80 112.00

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:79.80 112.00

112.00 124.30 Lithology: QuartziteStinson Member. Laminated and layered quartzite and siltstone.Very fine dark bands with trace pyrite. 75deg to LCA

Horizon112.00 : Wall Type : Hanging Wall

Stinson

Texture- Grain Size : Fine Grain:112.00 124.30

Colour- Colour 1 : Grey Colour Tone 1 : Light Colour 2 :

Buff Brown Colour Tone 2 : Light:112.00 124.30

Page 3 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM145 Units: METRICPM-08-OProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

124.30 211.80 Lithology: Quartzite 03091 179.50 180.16 0.6603092 180.16 180.75 0.5903093 180.75 182.00 1.2503094 182.00 182.38 0.3803095 189.10 189.55 0.4503096 190.28 191.21 0.9303097 192.37 193.32 0.9503098 193.68 194.00 0.3203099 197.36 197.70 0.3403100 198.70 199.26 0.5603141 200.53 201.02 0.49

Pyritic banding begins @ 179.5m Occasional siltstone bedding. Increase in grainsize down hole.Silicified quartzite @ 185.7 to 189.1m. 189.1 to 211.8 - medium to coarse grainquartzite withnumerous pyritic bands. Occasional PBQZ section.

Texture- Grain Size : Fine to Medium Grain:124.30 211.80

Colour- Colour 1 : Grey Colour Tone 1 : Light Colour 2 :

Buff Brown Colour Tone 2 : Light:124.30 182.80

- Colour 1 : Black:182.80 185.70

- Colour 1 : Grey:185.70 211.80

Alteration- Alt Type : Unknown Pink Alt Intensity : Pervasive

Alt Pct VE : Pervasive:134.50 179.50

Structure:164.00 Thickness Along Core : 16.00 Structure Type : Fracture

Broken, blocky core

:175.00 Thickness Along Core : 4.00 Structure Type : Veinletsquartz veining.

Page 4 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM145 Units: METRICPM-08-OProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

211.80 281.10 Lithology: QuartziteRyan Member. Typically green, arkosic quartzite. Occasional quartz clast anddark banding.Bedding @ 75deg to LCA. Minor PBQZ floater beds. Typically good quality core.

Horizon211.80 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:211.80 281.10

Colour- Colour 1 : Green:211.80 253.90

- Colour 1 : Black:253.90 255.20

- Colour 1 : Green:255.20 281.10

281.10 281.25 Lithology: Quartz Pebble Conglomerate 03101 281.10 281.25 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:281.10 281.25

Mineralization- Min Type : Pyrite:281.10 281.25

<1%

281.25 284.87 Lithology: Quartzite

284.87 285.31 Lithology: Quartzite 03102 284.87 285.31 0.44

Texture- :284.87 285.31

3 PQ bands - very poor

285.31 285.45 Lithology: Pebble Quartz 03103 285.31 285.45 0.14

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):285.31 285.45

poor

285.45 285.95 Lithology: Quartzite 03104 285.45 285.95 0.50

285.95 286.25 Lithology: Quartzite 03105 285.95 286.25 0.303 PQ bands as 03101

Page 5 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM145 Units: METRICPM-08-OProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

286.25 286.47 Lithology: Quartzite 03106 286.25 286.47 0.22

286.47 286.64 Lithology: Pebble Quartz 03107 286.47 286.64 0.17

286.64 287.42 Lithology: Quartzite 03108 286.64 287.42 0.78Occasional PQ band.

287.42 287.69 Lithology: Quartzite 03109 287.42 287.69 0.27

287.69 288.43 Lithology: Quartzite 03110 287.69 288.43 0.743 PQ bands

288.43 288.77 Lithology: Quartzite 03111 288.43 288.77 0.34As previous

288.77 289.80 Lithology: Quartzite 03112 288.77 289.80 1.03

289.80 289.95 Lithology: Pebble Quartz 03113 289.80 289.95 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:289.80 289.95

289.95 291.32 Lithology: Quartzite 03114 289.95 291.32 1.37

Texture- :289.95 291.32

3 fair pyrite bands

291.32 291.54 Lithology: Quartzite 03115 291.32 291.54 0.22

Texture- :291.32 291.54

Occasional PQ band

291.54 291.73 Lithology: Quartz Pebble Conglomerate 03116 291.54 291.73 0.19

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:291.54 291.73

Mineralization- Min Type : Pyrite:291.54 291.73

fair

291.73 292.39 Lithology: Quartzite 03117 291.73 292.39 0.66narrow conglomerate bands with fair pyrite.

292.39 292.58 Lithology: Pebble Quartz 03118 292.39 292.58 0.19poor

292.58 293.48 Lithology: Quartzite 03119 292.58 293.48 0.90

293.48 293.60 Lithology: Pebble Quartz 03120 293.48 293.60 0.12very poor

Page 6 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM145 Units: METRICPM-08-OProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

293.60 294.42 Lithology: Quartzite 03121 293.60 294.42 0.82

294.42 294.56 Lithology: Pebble Quartz 03122 294.42 294.56 0.14HW MCB

Horizon294.42 : Wall Type : Hanging Wall

Texture- Texture Type : Pebble:294.42 294.56

294.56 294.93 Lithology: Quartzite 03123 294.56 294.93 0.37

294.93 295.07 Lithology: Quartz Pebble Conglomerate 03124 294.93 295.07 0.14

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:294.93 295.07

Mineralization- Min Type : Pyrite:294.93 295.07

poor

295.07 295.42 Lithology: Quartzite 03125 295.07 295.42 0.35

295.42 295.66 Lithology: Quartz Pebble Conglomerate 03126 295.42 295.66 0.2403137 295.42 295.66 0.24Texture

- Texture Type : Pebble Grain Size : Pea Size (<1cm)Pebble Description : Smokey

:295.42 295.66

Mineralization- Min Type : Pyrite:295.42 295.66

fair

295.66 295.76 Lithology: Quartzite 03127 295.66 295.76 0.10

Mineralization- Min Type : Pyrite:295.66 295.76

fair

295.76 295.88 Lithology: Quartzite 03128 295.76 295.88 0.12Dark grey to black re-worked bmt material.

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : White:295.76 295.88

Page 7 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM145 Units: METRICPM-08-OProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

295.88 296.00 Lithology: Quartzite 03129 295.88 296.00 0.12

Colour- Colour 1 : Grey Colour Tone 1 : Dark:295.88 296.00

296.00 296.19 Lithology: Quartzite 03130 296.00 296.19 0.19As previous

296.19 296.34 Lithology: Quartzite 03131 296.19 296.34 0.15

Colour- Colour 1 : Grey Colour Tone 1 : Medium:296.19 296.34

296.34 296.46 Lithology: Quartzite 03132 296.34 296.46 0.12

Colour- Colour 1 : Black:296.34 296.46

Mineralization- Min Type : Pyrite Min Texture : Banding:296.34 296.46

good - +2000 cps

296.46 296.69 Lithology: Quartzite 03133 296.46 296.69 0.23

Mineralization- Min Type : Pyrite Min Texture : Disseminated:296.46 296.69

poor - 800-900 cps

296.69 296.93 Lithology: Quartzite 03134 296.69 296.93 0.24Mottled. FW MCB ?

Texture- Grain Size : Coarse:296.69 296.93

Colour- Colour 1 : Grey Colour Tone 1 : Dark:296.69 296.93

Mineralization- Min Type : Pyrite Min Texture : Disseminated:296.69 296.93

poor

Page 8 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM145 Units: METRICPM-08-OProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

296.93 297.26 Lithology: Quartzite 03140 296.93 297.26 0.33As previous.

Horizon296.93 : Wall Type : Foot Wall

297.26 298.26 Lithology: Quartzite 03135 297.26 298.26 1.00

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:297.26 298.26

298.26 299.00 Lithology: Metamorphic Volcanics 03136 298.26 299.00 0.74Broken core - sheared.

Horizon298.26 : Wall Type : Unconformity

299.00 305.00 Lithology: Metamorphic Volcanics303.8 - magnetic.304.3 - fine grain basalt, magnetic with minor tuffaceous flows and chloriteschist.

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY179.50 180.1603091180.16 180.7503092180.75 182.0003093182.00 182.3803094189.10 189.5503095190.28 191.2103096192.37 193.3203097193.68 194.0003098197.36 197.7003099198.70 199.2603100200.53 201.0203141281.10 281.2503101284.87 285.3103102285.31 285.4503103285.45 285.9503104285.95 286.2503105286.25 286.4703106286.47 286.6403107

Page 9 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM145 Units: METRICPM-08-OProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY286.64 287.4203108287.42 287.6903109287.69 288.4303110288.43 288.7703111288.77 289.8003112289.80 289.9503113289.95 291.3203114291.32 291.5403115291.54 291.7303116291.73 292.3903117292.39 292.5803118292.58 293.4803119293.48 293.6003120293.60 294.4203121294.42 294.5603122294.56 294.9303123294.93 295.0703124295.07 295.4203125295.42 295.6603126295.66 295.7603127295.76 295.8803128295.88 296.0003129296.00 296.1903130296.19 296.3403131296.34 296.4603132296.46 296.6903133296.69 296.9303134296.93 297.2603140297.26 298.2603135298.26 299.0003136

Sample Type DUP295.42 295.6603137

Sample Type Blank03138

Sample Type DL-1A03139

- PELE MOUNTAIN RESOURCES

Page 1 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM144 Units: METRICPM-08-LaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-77.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Sep 11, 2008Date Started:

Date Completed: Sep 13, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 203.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138344.90

East: 383836.10

Elev: 391.20

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright and A. Maceachern

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 5.00 Lithology: Casing

5.00 66.50 Lithology: QuartziteStinson Member. Good core from 61.1 to 66.5.

Texture- Texture Type : Massive Grain Size : Fine Grain:5.00 66.50

Scattered, angular, blocky clasts of white quartz, black chert, buffsiltstone(2-5m)

Colour- Colour 1 : Grey Colour Tone 1 : Light:5.00 66.50

Mineralization- Min Type : Pyrite Min Texture : Disseminated:5.00 66.50

Minor - fine

Alteration- Alt Type : Unknown Pink Alt Intensity : Pervasive

Alt Pct VE : Pervasive:35.90 61.10

Structure:5.00 Angle : 10.000 Structure Type : Joints

broken core near jointing with rusty surfaces.

:35.90 Angle : 10.000 Structure Type : Jointsmostly broken core - rusty(light)

:47.30 Angle : 35.000 Thickness Along Core : 0.08 StructureType : Breccia Structure Fill Mat : Dyke

Page 2 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM144 Units: METRICPM-08-LaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

66.50 76.30 Lithology: ConglomerateStinson basal conglomerate.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed Supported :Matrix Supported Pebble Description : White

:66.50 76.30

76.30 77.60 Lithology: Quartzite 03068 77.08 77.43 0.35Narrow dark stringers with fine pyrite.

Texture- Grain Size : Medium Grain:76.30 77.60

Mineralization- Min Type : Pyrite Min Texture : Banding:76.30 77.60

Weak

77.60 101.07 Lithology: QuartziteFew dark stringes with trace pyrite. Good core except 86m - 90m.

Texture- Texture Type : Massive Grain Size : Medium Grain:77.60 101.07

Colour- Colour 1 : Grey Colour Tone 1 : Light:77.60 101.07

Structure:86.00 Angle : 10.000 Thickness Along Core : 4.00

broken core

:101.05 Angle : 85.000 Thickness Along Core : 0.02 StructureType : Veinlets

some rust on surface - probable slipage

Page 3 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM144 Units: METRICPM-08-LaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

101.07 161.20 Lithology: QuartziteRyan member. Boundary at 10deg to LCA. Thin, closed quartz joint. Pale greenabove.Light grey below. Good core.

Horizon101.07 : Wall Type : Hanging Wall

Ryan

Texture- Grain Size : Fine to Medium Grain:101.07 161.20

Colour- Colour 1 : Green Colour Tone 1 : Light Colour 2

: Grey Colour Tone 2 : Light:101.07 161.20

161.20 161.57 Lithology: Quartzite 03069 161.20 161.57 0.37

Texture- :161.20 161.57

Colour- Colour 1 : Grey Colour Tone 1 : Light:161.20 161.57

Mineralization- Min Type : Pyrite Min Texture : Banding:161.20 161.57

161.57 163.03 Lithology: Quartzite

Texture- :161.57 163.03

Minor re-worked black BMT

Colour- Colour 1 : Grey Colour Tone 1 : Light:161.57 163.03

163.03 163.44 Lithology: Quartzite 03070 163.03 163.44 0.41

Texture- Grain Size : Medium to Course:163.03 163.44

pencil thin pyrite stringers

Colour- Colour 1 : Grey Colour Tone 1 : Light:163.03 163.44

re-worked black bmt.

Page 4 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM144 Units: METRICPM-08-LaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

163.44 163.72 Lithology: Quartzite 03071 163.44 163.72 0.28

Texture- Grain Size : Medium to Course:163.44 163.72

More bmt. several .01-.02m irregular pieces. seveal coarse pyrite grains.

163.72 168.85 Lithology: Quartzite

Texture- Grain Size : Medium to Course:163.72 168.85

Colour- Colour 1 : Green:163.72 168.85

168.85 168.95 Lithology: Quartzite 03072 168.85 168.95 0.10

Texture- Grain Size : Medium to Course:168.85 168.95

two conglomerate bands - poor.

168.95 169.29 Lithology: Quartzite 03073 168.95 169.29 0.34

Texture- Grain Size : Medium to Course:168.95 169.29

Colour- Colour 1 : Green:168.95 169.29

169.29 169.60 Lithology: Quartz Pebble Conglomerate 03074 169.29 169.60 0.31

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):169.29 169.60

Mineralization- Min Type : Pyrite:169.29 169.60

<1%

169.60 169.92 Lithology: Quartzite 03075 169.60 169.92 0.32

169.92 170.09 Lithology: Quartz Pebble Conglomerate 03076 169.92 170.09 0.17

Texture- Texture Type : Pebble Packing : Loosely Packed:169.92 170.09

Page 5 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM144 Units: METRICPM-08-LaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

170.09 173.00 Lithology: Quartzite

Colour- Colour 1 : Green:170.09 173.00

173.00 173.25 Lithology: Quartzite 03077 173.00 173.25 0.25Specific Gravity taken.

Texture- Grain Size : Medium to Course:173.00 173.25

Few dark bands.

173.25 180.20 Lithology: Quartzite

180.20 180.45 Lithology: Diabase Dyke

Texture- Grain Size : Fine Grain:180.20 180.45

80 deg to bedding.

180.45 185.10 Lithology: Quartzite

Texture- Grain Size : Medium to Course:180.45 185.10

occasional quartz clast

185.10 185.31 Lithology: Quartzite 03078 185.10 185.31 0.21Stratigraphic HW MCB

Horizon185.10 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

Texture- Texture Type : Pebble:185.10 185.31

two very poor PQ bands at top and bottom

185.31 185.55 Lithology: Quartzite 03079 185.31 185.55 0.24

Texture- :185.31 185.55

3 very poor PQ bands

185.55 185.71 Lithology: Pebble Quartz 03080 185.55 185.71 0.16

Texture- Texture Type : Pebble:185.55 185.71

very poor

Page 6 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM144 Units: METRICPM-08-LaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

185.71 185.91 Lithology: Pebble Quartz 03081 185.71 185.91 0.20

Texture- Texture Type : Pebble:185.71 185.91

very poor

185.91 186.06 Lithology: Quartzite 03082 185.91 186.06 0.15

Texture- Grain Size : Medium to Course:185.91 186.06

ocasional pebble

186.06 186.14 Lithology: Quartz Pebble Conglomerate 03083 186.06 186.14 0.08

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):186.06 186.14

Mineralization- Min Type : Pyrite:186.06 186.14

fair

186.14 186.27 Lithology: Quartz Pebble Conglomerate 03084 186.14 186.27 0.1303088 186.14 186.27 0.13Specific Gravity taken. Dark grey matrix - dirty.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Pebble Description : Smokey:186.14 186.27

186.27 186.43 Lithology: Quartz Pebble Conglomerate 03085 186.27 186.43 0.16As 03084

186.43 187.57 Lithology: Quartzite 03142 186.43 187.57 1.14

Horizon186.43 : Wall Type : Foot Wall

Texture- Grain Size : Fine Grain:186.43 187.57

Colour- Colour 1 : Grey Colour Tone 1 : Dark:186.43 187.57

187.57 189.17 Lithology: Quartzite 03143 187.57 189.17 1.60As 03142

Page 7 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM144 Units: METRICPM-08-LaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

189.17 189.29 Lithology: Quartzite 03086 189.17 189.29 0.12

Texture- Grain Size : Fine Grain:189.17 189.29

Colour- Colour 1 : Black:189.17 189.29

Mineralization- Min Type : Pyrite Min Texture : Banding:189.17 189.29

.04m fine grain pyrite band

189.29 191.00 Lithology: Quartzite 03144 189.29 191.00 1.71

Texture- :189.29 191.00

Becomes mottled.

Colour- Colour 1 : Grey Colour Tone 1 : Medium Colour

2 : Green Colour Tone 2 : Light:189.29 191.00

191.00 191.65 Lithology: Quartzite 03087 191.00 191.65 0.65

Colour- Colour 1 : Grey Colour Tone 1 : Medium:191.00 191.65

Mineralization- Min Type : Pyrite Min Texture : Disseminated:191.00 191.65

<1%

191.65 195.90 Lithology: Quartzite

Texture- Grain Size : Medium Grain:191.65 195.90

Colour- Colour 1 : Grey Colour Tone 1 : Medium Colour

2 : Black:191.65 195.90

Page 8 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM144 Units: METRICPM-08-LaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

195.90 197.00 Lithology: PaleosoilIrregular buff coloured sections.

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:195.90 197.00

197.00 197.50 Lithology: Metamorphic VolcanicsSheared at 80deg to LCA

Horizon197.00 : Wall Type : Unconformity

197.50 203.00 Lithology: Metamorphic VolcanicsBecomes siliceous at 200m. At 200.45 - 0.09m cobble of pink quartzite.At 200.8 - 0.13m band pink quartzite.

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY77.08 77.4303068

161.20 161.5703069163.03 163.4403070163.44 163.7203071168.85 168.9503072168.95 169.2903073169.29 169.6003074169.60 169.9203075169.92 170.0903076173.00 173.2503077185.10 185.3103078185.31 185.5503079185.55 185.7103080185.71 185.9103081185.91 186.0603082186.06 186.1403083186.14 186.2703084186.27 186.4303085186.43 187.5703142187.57 189.1703143189.17 189.2903086189.29 191.0003144191.00 191.6503087

Page 9 of 9Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM144 Units: METRICPM-08-LaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type DUP186.14 186.2703088

Sample Type Blank03089

Sample Type UTS-303090

- PELE MOUNTAIN RESOURCES

Page 1 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM143 Units: METRICPM-08-JProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-65.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Sep 08, 2008Date Started:

Date Completed: Sep 10, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 264.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138681.50

East: 384483.40

Elev: 339.30

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 22.95 Lithology: Ramsey Lake Conglomerate0.5m casing left in hole. Loosely packed granite, white quartz pebbles and claststypically angular to5cm in dark grey medium grain groundmass. Also quartzite and greywacke.Massive.

Texture- Texture Type : Cobble Grain Size : Medium Grain:0 22.95

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:0 22.95

22.95 35.00 Lithology: Greywacke

Texture- Texture Type : Laminated Grain Size : Fine to

Medium Grain:22.95 35.00

Layering in part.

Colour- Colour 1 : Grey:22.95 35.00

Page 2 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM143 Units: METRICPM-08-JProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

35.00 58.75 Lithology: ArgilliteFine laminated layering. Distinct cleavage.

Texture- Texture Type : Massive Grain Size : Very Fine Grain:35.00 58.75

Able to scratch.

Colour- Colour 1 : Grey Colour Tone 1 : Dark Colour 2 :

Black:35.00 58.75

58.75 64.00 Lithology: Silt Stone

Horizon58.75 : Wall Type : Hanging Wall

Stinson

Texture- Grain Size : Very Fine Grain:58.75 64.00

Colour- Colour 1 : Buff Brown:58.75 64.00

Page 3 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM143 Units: METRICPM-08-JProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

64.00 153.60 Lithology: QuartziteStinson member. Occsional fine siltstone bed. Faint sericitic alteration and faintpyritic banding.

Texture- Texture Type : Massive Grain Size : Fine to Medium

Grain:64.00 153.60

Colour- Colour 1 : Grey Colour Tone 1 : Medium:64.00 153.60

Alteration- Alt Type : Unknown Pink Alt Intensity : Weak:92.00 94.00

- Alt Type : Unknown Pink Alt Intensity : Weak:108.00 112.40

- Alt Type : Unknown Orange Alt Pct VE : 100 AltIntensity : Medium

:112.40 126.25

Interbeded siltstone. Ground blocky. Fine layering or lamination.- Alt Type : Unknown Pink Alt Intensity : Medium:144.94 153.60

Near Ryan contact.

Structure:93.00 Angle : 10.000 Structure Type : Fracture

:112.40 Structure Type : FractureBroken and blocky.

Page 4 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM143 Units: METRICPM-08-JProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

153.60 238.29 Lithology: QuartziteTypical green, arkosic quartzite. Ryan member. Numerous narrow dark pyriticand smokey quartzbands. 80deg to LCA. Occasional quartz clast and narrow PBQZ floater bed. 2 to5cm.Good quality core.

Horizon153.60 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:153.60 238.29

Colour- Colour 1 : Green Colour Tone 1 : Medium:153.60 238.29

238.29 238.60 Lithology: Quartzite 03030 238.29 238.60 0.31

Texture- Grain Size : Medium to Course:238.29 238.60

Colour- Colour 1 : Green:238.29 238.60

238.60 238.79 Lithology: Quartz Pebble Conglomerate 03031 238.60 238.79 0.19

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed Pebble Description :Smokey

:238.60 238.79

Mineralization- Min Type : Pyrite Min Texture : Disseminated:238.60 238.79

<1%

238.79 239.70 Lithology: Quartzite 03032 238.79 239.70 0.91

Texture- Grain Size : Medium Grain:238.79 239.70

Occasional quartz clast.

Colour- Colour 1 : Green:238.79 239.70

Page 5 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM143 Units: METRICPM-08-JProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

239.70 240.19 Lithology: Pebble Quartz 03033 239.70 240.19 0.49

Texture- Texture Type : Pebble Grain Size : Coarse

Pebble Description : Quartz:239.70 240.19

Colour- Colour 1 : Green:239.70 240.19

240.19 240.48 Lithology: Pebble Quartz 03034 240.19 240.48 0.29

Texture- Texture Type : Pebble Grain Size : Coarse

Pebble Description : Quartz:240.19 240.48

Occasional dark stringer.240.48 240.85 Lithology: Quartzite 03035 240.48 240.85 0.37

Specific Gravity taken.

Texture- Grain Size : Coarse:240.48 240.85

Occasional quartz clast.

240.85 241.12 Lithology: Pebble Quartz 03036 240.85 241.12 0.27

Texture- Texture Type : Pebble Grain Size : Coarse:240.85 241.12

Couple QPC bands.

241.12 241.23 Lithology: Quartzite 03037 241.12 241.23 0.11

Texture- Grain Size : Medium to Course:241.12 241.23

Colour- Colour 1 : Green:241.12 241.23

Page 6 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM143 Units: METRICPM-08-JProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

241.23 241.34 Lithology: Quartz Pebble Conglomerate 03040 241.23 241.34 0.11Stratigraphic HW MCB

Horizon241.23 : Wall Type : Hanging Wall Wall Modifier : Stratigraphic

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed Pebble Description :Smokey

:241.23 241.34

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:241.23 241.34

241.34 241.41 Lithology: Quartzite 03041 241.34 241.41 0.07

Texture- Grain Size : Medium Grain:241.34 241.41

Colour- Colour 1 : Green:241.34 241.41

241.41 241.55 Lithology: Quartz Pebble Conglomerate 03042 241.41 241.55 0.14

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium PackedPebble Description : Smokey

:241.41 241.55

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:241.41 241.55

241.55 241.71 Lithology: Quartzite 03043 241.55 241.71 0.16

Texture- Grain Size : Coarse:241.55 241.71

Colour- Colour 1 : Green:241.55 241.71

Page 7 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM143 Units: METRICPM-08-JProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

241.71 241.79 Lithology: Quartz Pebble Conglomerate 03044 241.71 241.79 0.08

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Pebble Description : White

:241.71 241.79

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:241.71 241.79

241.79 241.92 Lithology: Quartzite 03045 241.79 241.92 0.13

Texture- Grain Size : Medium Grain:241.79 241.92

Colour- Colour 1 : Green:241.79 241.92

241.92 242.11 Lithology: Pebble Quartz 03046 241.92 242.11 0.19

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:241.92 242.11

Few dark bands.242.11 242.26 Lithology: Quartzite 03047 242.11 242.26 0.15

Texture- Grain Size : Coarse Pebble Description :

Smokey:242.11 242.26

Colour- Colour 1 : Green:242.11 242.26

242.26 242.51 Lithology: Quartz Pebble Conglomerate 03048 242.26 242.51 0.25

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed PebbleDescription : Quartz

:242.26 242.51

Mineralization- Min Type : Pyrite Min Texture : Stringer:242.26 242.51

<1%

Page 8 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM143 Units: METRICPM-08-JProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

242.51 242.63 Lithology: Pebble Quartz 03049 242.51 242.63 0.12

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:242.51 242.63

242.63 242.79 Lithology: Quartz Pebble Conglomerate 03050 242.63 242.79 0.16

Texture- Texture Type : Pebble Packing : Medium Packed

Pebble Description : Quartz:242.63 242.79

Mineralization- Min Type : Pyrite:242.63 242.79

<1%

242.79 242.94 Lithology: Pebble Quartz 03051 242.79 242.94 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:242.79 242.94

242.94 243.03 Lithology: Quartz Pebble Conglomerate 03052 242.94 243.03 0.09

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed PebbleDescription : Smokey

:242.94 243.03

Mineralization- Min Type : Pyrite:242.94 243.03

<1%

243.03 243.23 Lithology: Pebble Quartz 03053 243.03 243.23 0.20

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:243.03 243.23

Page 9 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM143 Units: METRICPM-08-JProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

243.23 243.58 Lithology: Quartz Pebble Conglomerate 03054 243.23 243.58 0.35Specific Gravity taken.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked Pebble Description : Smokey

:243.23 243.58

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Detrital:243.23 243.58

243.58 243.78 Lithology: Quartz Pebble Conglomerate 03055 243.58 243.78 0.20

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:243.58 243.78

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:243.58 243.78

243.78 244.05 Lithology: Quartzite 03056 243.78 244.05 0.27

Texture- Grain Size : Coarse:243.78 244.05

Occasional quartz clast.

244.05 244.11 Lithology: Quartz Pebble Conglomerate 03057 244.05 244.11 0.06

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed Pebble Description : Smokey

:244.05 244.11

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:244.05 244.11

244.11 244.20 Lithology: Quartzite 03058 244.11 244.20 0.09

Texture- Grain Size : Medium Grain:244.11 244.20

Page 10 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM143 Units: METRICPM-08-JProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

244.20 244.41 Lithology: Quartz Pebble Conglomerate 03059 244.20 244.41 0.2103062 244.20 244.41 0.21Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Rounding : Sub-Rounded Packing : WellPacked Pebble Description : Smokey

:244.20 244.41

Mineralization- Min Type : Pyrite Min Pct VE : 5:244.20 244.41

244.41 244.60 Lithology: Quartzite 03063 244.41 244.60 0.19

Texture- Grain Size : Coarse:244.41 244.60

Colour- Colour 1 : Green:244.41 244.60

244.60 244.77 Lithology: Quartz Pebble Conglomerate 03064 244.60 244.77 0.17

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Pebble Description : Smokey:244.60 244.77

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:244.60 244.77

244.77 244.87 Lithology: Quartz Pebble Conglomerate 03065 244.77 244.87 0.10FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed Pebble Description : White

:244.77 244.87

Mineralization- Min Type : Pyrite:244.77 244.87

<1%

Page 11 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM143 Units: METRICPM-08-JProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

244.87 245.50 Lithology: Quartzite 03066 244.87 245.50 0.63

Horizon244.87 : Wall Type : Foot Wall

FW MCB

Texture- Texture Type : Massive Grain Size : Coarse:244.87 245.50

Occasional pea-sized quartz clast.

Colour- Colour 1 : Green:244.87 245.50

245.50 246.03 Lithology: Quartzite 03067 245.50 246.03 0.53As 03066

246.03 251.54 Lithology: QuartziteGradational into grey at bottom. Occasional faint dark band or stringer.

Texture- Grain Size : Medium to Course:246.03 251.54

Colour- Colour 1 : Green Colour Tone 1 : Medium

Colour 2 : Grey:246.03 251.54

251.54 252.56 Lithology: Pebble QuartzGrey granitic texture - bedded, but massive.

252.56 252.82 Lithology: Quartzite4cm white quartz pebble at bottom. Elongated quartz pebbles. Paleosoil andregolith shards.Minor pyrite. Not radioactive. Sharp contact with basement volcanics. Conformsto bedding.

Texture- Grain Size : Medium Grain Pebble Description

: Smokey:252.56 252.82

Colour- Colour 1 : Grey Colour Tone 1 : Dark:252.56 252.82

Page 12 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM143 Units: METRICPM-08-JProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

252.82 253.55 Lithology: Metamorphic VolcanicsLappili tuff or tuff breccia. Shards of fine grain, darker green basalt.

Horizon252.82 : Wall Type : Unconformity

Texture- Grain Size : Very Fine Grain:252.82 253.55

Colour- Colour 1 : Green Colour Tone 1 : Medium:252.82 253.55

253.55 264.00 Lithology: Metamorphic VolcanicsAmygdaloidal basalt interlayed with tuff breccia. Some magnetic sections -magnetite.Chloritic - some sections softer.

Texture- Grain Size : Very Fine Grain:253.55 264.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:253.55 264.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY238.29 238.6003030238.60 238.7903031238.79 239.7003032239.70 240.1903033240.19 240.4803034240.48 240.8503035240.85 241.1203036241.12 241.2303037241.23 241.3403040241.34 241.4103041241.41 241.5503042241.55 241.7103043241.71 241.7903044241.79 241.9203045

Page 13 of 13Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM143 Units: METRICPM-08-JProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY241.92 242.1103046242.11 242.2603047242.26 242.5103048242.51 242.6303049242.63 242.7903050242.79 242.9403051242.94 243.0303052243.03 243.2303053243.23 243.5803054243.58 243.7803055243.78 244.0503056244.05 244.1103057244.11 244.2003058244.20 244.4103059244.41 244.6003063244.60 244.7703064244.77 244.8703065244.87 245.5003066245.50 246.0303067

Sample Type DUP244.20 244.4103062

Sample Type Blank0306003038

Sample Type DL-1A03039

Sample Type UTS-303061

- PELE MOUNTAIN RESOURCES

Page 1 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM142 Units: METRICPM-08-IaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-76.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Sep 06, 2008Date Started:

Date Completed: Sep 09, 2008

Purpose: Infill

4218565

Joubin

Collar Az: 180.00

Length: 206.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138395.90

East: 383961.60

Elev: 380.70

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: Logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 4.50 Lithology: CasingGranite, quartzite and argillite rubble.

Page 2 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM142 Units: METRICPM-08-IaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

4.50 62.07 Lithology: QuartziteStinson member. Core blocky at start. Occasional siltstone bed.Increase in orange/pinkish alteration down section.Faint pyritic banding starts at 50.4m. 80 to 85 deg to LCA. Occasional quartz veinto 2cm.Weak radioactivity in this section.

Texture- Grain Size : Medium Grain:4.50 62.07

Colour- Colour 1 : Grey:4.50 62.07

Lighter grey 29 to 39 m.

Alteration- Alt Type : Oxidation Alt Intensity : Weak Alt Pct

VE : Fracture Controlled:4.50 29.00

- Alt Type : Unknown Pink Alt Intensity : Weak:29.00 39.00

- Alt Type : Unknown Pink Alt Intensity : Weak:39.00 67.07

Structure:13.70 Angle : 20.000 Structure Type : Fracture

rusty

:15.00 Angle : 17.000 Structure Type : Fracture Structure FillMat : Quartz Crystals

Vuggy with quartz crystals:28.30

gritt section, leached and slight disscolourization.

:39.0090% core crushed and blocky. Pieces to 5cm . Fault breccia. Angled clasts.

:56.00 Angle : 20.000 Structure Type : FractureRusty

Page 3 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM142 Units: METRICPM-08-IaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

62.07 69.00 Lithology: Conglomerate

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Loosely Packed

:62.07 69.00

Colour- Colour 1 : White Colour Tone 1 : Medium Colour

2 : Green Colour Tone 2 : Light:62.07 69.00

Dirty white.

Structure:64.80 Thickness Along Core : 0.08 Structure Type : Bedding

Gritt bed of fine siltstone and quartz shards.

69.00 81.86 Lithology: Quartzite

Texture- Texture Type : Semi-massive Grain Size : Medium to

Course:69.00 81.86

Grey gritt - leached and pitted beds @ 70.43m & 71.0m.

Colour- Colour 1 : Grey:69.00 81.86

Alteration- Alt Type : Oxidation Alt Intensity : Weak:72.00 73.54

Page 4 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM142 Units: METRICPM-08-IaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

81.86 105.15 Lithology: Quartzite 02798 85.10 85.54 0.4402801 85.54 85.70 0.1602802 85.70 86.15 0.4502803 86.15 86.74 0.5902804 86.74 87.10 0.3602805 87.10 87.66 0.5602806 87.66 88.59 0.9302807 88.59 89.17 0.5802808 89.17 89.56 0.3902809 89.56 89.83 0.2702810 89.83 90.35 0.5202811 90.35 90.63 0.2802812 90.63 90.83 0.2002813 90.83 91.21 0.3802814 90.83 91.21 0.3802815 91.21 92.43 1.2202816 92.43 92.83 0.4002817 92.83 92.97 0.1402818 92.97 93.36 0.39

Stinson with pyritic banding. Banding 85 deg to LCA. Banding up to 60%.Typically grey medium grain groundmass.

Texture- Texture Type : Banding Grain Size : Medium Grain:81.86 105.15

Colour- Colour 1 : Grey Colour Tone 1 : Medium:81.86 94.72

Alteration- Alt Type : Sericite Alt Intensity : Weak:85.10 85.54

- Alt Type : Unknown Pink Alt Intensity : Weak:94.38 101.82

Structure:82.27 Angle : 28.000 Thickness Along Core : 0.05 Structure

Type : VeinsBull quartz

:99.00 Angle : 10.000blocky core and minor oxidation.

105.15 183.50 Lithology: QuartziteTypical green coarse grain Ryan member. Arkosic with numerous narrow darkbands of smokeyquartz and trace pyrite. Good quality core. Floater beds form at bottom ofsection.

Horizon105.15 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:105.15 183.50

Floater beds : 169.27; 169.81; 174.64 to 182.94 (5-10cm wide)

Colour- Colour 1 : Green Colour Tone 1 : Medium:105.15 183.50

Alteration- Alt Type : Unknown Pink:148.40 149.40

gritty, grey altered quartzite. Fractured.

Page 5 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM142 Units: METRICPM-08-IaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

183.50 184.17 Lithology: Pebble Quartz 03006 183.50 184.17 0.67

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:183.50 184.17

Concentrated at bottom.184.17 184.80 Lithology: Quartzite 03007 184.17 184.80 0.63

Texture- Grain Size : Medium to Course:184.17 184.80

Occasional quartz clast.

184.80 185.05 Lithology: Pebble Quartz 03008 184.80 185.05 0.25

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):184.80 185.05

Smokey

185.05 185.50 Lithology: Quartzite 03009 185.05 185.50 0.45

Texture- Grain Size : Coarse:185.05 185.50

Colour- Colour 1 : Green:185.05 185.50

185.50 185.60 Lithology: Quartz Pebble Conglomerate 03010 185.50 185.60 0.10

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed:185.50 185.60

Smokey185.60 185.73 Lithology: Quartzite 03011 185.60 185.73 0.13

Specific Gravity taken.

Texture- Grain Size : Coarse:185.60 185.73

185.73 185.88 Lithology: Quartzite 03012 185.73 185.88 0.15As previous.

Page 6 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM142 Units: METRICPM-08-IaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

185.88 186.07 Lithology: Quartz Pebble Conglomerate 03013 185.88 186.07 0.19HW MCB

Horizon185.88 : Wall Type : Hanging Wall

HW MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed:185.88 186.07

light green sericitic cement.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:185.88 186.07

fine pyrite.

186.07 186.32 Lithology: Quartz Pebble Conglomerate 03014 186.07 186.32 0.25

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:186.07 186.32

White and snmokey clasts. Green gourndmass.

Mineralization- Min Type : Pyrite Min Pct VE : 1:186.07 186.32

fine

186.32 186.54 Lithology: Quartzite 03015 186.32 186.54 0.22

Texture- Grain Size : Coarse:186.32 186.54

Occasional pea-size clast. One pyrite stringer.

186.54 186.66 Lithology: Quartz Pebble Conglomerate 03016 186.54 186.66 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:186.54 186.66

White pebbles.186.66 186.80 Lithology: Quartz Pebble Conglomerate 03017 186.66 186.80 0.14

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:186.66 186.80

Smokey

Mineralization- Min Type : Pyrite:186.66 186.80

<1%

Page 7 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM142 Units: METRICPM-08-IaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

186.80 186.92 Lithology: Quartz Pebble Conglomerate 03018 186.80 186.92 0.12

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:186.80 186.92

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:186.80 186.92

186.92 187.08 Lithology: Quartz Pebble Conglomerate 03019 186.92 187.08 0.1603020 186.92 187.08 0.16Texture

- Texture Type : Pebble Grain Size : Pebble Size(1-3cm) Packing : Well Packed

:186.92 187.08

White and smokey quartz clast.

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Buckshot:186.92 187.08

187.08 187.24 Lithology: Quartz Pebble Conglomerate 03023 187.08 187.24 0.16

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:187.08 187.24

White pebbles.

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Stringer:187.08 187.24

fine pyrite in stringer form

187.24 187.32 Lithology: Quartzite 03024 187.24 187.32 0.08

Texture- Grain Size : Coarse:187.24 187.32

Colour- Colour 1 : Green Colour Tone 1 : Medium:187.24 187.32

Page 8 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM142 Units: METRICPM-08-IaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

187.32 187.62 Lithology: Quartz Pebble Conglomerate 03025 187.32 187.62 0.30Specific Gravity taken.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed:187.32 187.62

Quartz and chert

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:187.32 187.62

187.62 187.66 Lithology: Quartzite 03026 187.62 187.66 0.04

Texture- Grain Size : Medium Grain:187.62 187.66

Smokey grains.

Colour- Colour 1 : Green Colour Tone 1 : Medium:187.62 187.66

187.66 187.93 Lithology: Quartz Pebble Conglomerate 03027 187.66 187.93 0.27

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:187.66 187.93

Quartz and chert. Smokey.

Mineralization- Min Type : Pyrite Min Pct VE : 30 Min Texture :

Detrital:187.66 187.93

187.93 188.06 Lithology: Pebble Quartz 03028 187.93 188.06 0.13FW MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:187.93 188.06

Smokey

Mineralization- Min Type : Pyrite:187.93 188.06

<1%

Page 9 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM142 Units: METRICPM-08-IaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

188.06 188.46 Lithology: Quartzite 03029 188.06 188.46 0.40

Horizon188.06 : Wall Type : Foot Wall

FW MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:188.06 188.46

2cm bull quartz vein cuts core - with bedding.

188.46 196.60 Lithology: QuartziteFaint dark stringers, probably pyrite and smokey quartz grains. 75deg to LCAIncreasing imurity down section - darker green. Occasional elongated quartzclast.Last meter shows greywacke with granitic textures. Sharp, irregular contact withvolcanics.

Texture- Texture Type : Massive Grain Size : Fine to Medium

Grain:188.46 196.60

Coarse near bottom - greywacke

Colour- Colour 1 : Grey Colour Tone 1 : Medium Colour

2 : Grey Colour Tone 2 : Dark:188.46 196.60

196.60 206.00 Lithology: Metamorphic VolcanicsChloritic basalt. Much carbonate in groundmass after 200m.

Horizon196.60 : Wall Type : Unconformity

Unconformity

Texture- Grain Size : Very Fine Grain:196.66 206.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:196.60 206.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY85.10 85.540279885.54 85.700280185.70 86.1502802

Page 10 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM142 Units: METRICPM-08-IaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY86.15 86.740280386.74 87.100280487.10 87.660280587.66 88.590280688.59 89.170280789.17 89.560280889.56 89.830280989.83 90.350281090.35 90.630281190.63 90.830281290.83 91.210281391.21 92.430281592.43 92.830281692.83 92.970281792.97 93.3602818

183.50 184.1703006184.17 184.8003007184.80 185.0503008185.05 185.5003009185.50 185.6003010185.60 185.7303011185.73 185.8803012185.88 186.0703013186.07 186.3203014186.32 186.5403015186.54 186.6603016186.66 186.8003017186.80 186.9203018186.92 187.0803019187.08 187.2403023187.24 187.3203024187.32 187.6203025187.62 187.6603026187.66 187.9303027187.93 188.0603028188.06 188.4603029

Sample Type DUP90.83 91.2102814

186.92 187.0803020

Sample Type Blank0302102799

- PELE MOUNTAIN RESOURCES

Page 11 of 11Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM142 Units: METRICPM-08-IaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type DL-1A03022

Sample Type UTS-402800

- PELE MOUNTAIN RESOURCES

I I

Page 1 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM141 Units: METRICPM-08-DProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-78.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Sep 05, 2008Date Started:

Date Completed: Sep 07, 2008

Purpose: Infill

4218566

Joubin

Collar Az: 0.00

Length: 215.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ-TW

DDHole Type:

Casing: Left in hole

Logged By:

North: 5138416.40

East: 384719.60

Elev: 376.50

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: logged by P. Enright

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 3.00 Lithology: Casing0.8m argillite; 0.8m granite/quartzite rubble and gravel.

Page 2 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM141 Units: METRICPM-08-DProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

3.00 78.10 Lithology: QuartziteStinson member. Much of core is stained orange or reddish. Much of core isbroken and blocky.Faint dark stringers is some sections (14.56 - 29.0 )

Texture- Texture Type : Semi-massive Grain Size : Fine to

Medium Grain:3.00 78.10

Occasional white quartz clast and veinlet 57.4 - 78.1m.

Colour- Colour 1 : Grey Colour Tone 1 : Light:3.00 78.10

Alteration- Alt Type : Oxidation Alt Pct VE : 75 Alt Intensity

: Pervasive Alt Pct VE : Fracture Controlled:3.00 14.26

Rusty fractures- Alt Type : Unknown Orange Alt Intensity : Weak:14.56 29.00

- Alt Type : Unknown Orange Alt Pct VE : 75 AltIntensity : Strong Alt Pct VE : Fracture Controlled

:29.00 57.40

- Alt Type : K-Feldspar Alt Intensity : Medium:57.40 78.10

Structure:3.00 Angle : 55.000 Structure Type : Fracture

multiple rusty fractures. Core blocky to 9.5m.

:25.24 Thickness Along Core : 0.20 Structure Type : FractureCore crushed.

:29.00Much of core is crushed or broken. Stressed, altered sections.

:57.4010 to 20 % of core is broken.

Page 3 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM141 Units: METRICPM-08-DProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

78.10 188.47 Lithology: QuartziteTypical green arkosic Ryan member. Sharp upper contact. Bedding @ 55 - 70deg to LCA.Numerous narrow dark bands and occasional quartz clast or PBQZ section orfloarter reefdown section.

Horizon78.10 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:78.10 188.47

Colour- Colour 1 : Green Colour Tone 1 : Medium:78.10 188.47

188.47 188.96 Lithology: Quartzite 02819 188.47 188.96 0.49

Texture- Grain Size : Medium to Course:188.47 188.96

Occasional dark smokey band and quartz clast.

Colour- Colour 1 : Green:188.47 188.96

188.96 189.25 Lithology: Quartzite 02820 188.96 189.25 0.29As previous

189.25 189.40 Lithology: Pebble Quartz 02821 189.25 189.40 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Medium Packed:189.25 189.40

Smokey189.40 189.54 Lithology: Quartzite 02822 189.40 189.54 0.14

Texture- Grain Size : Coarse:189.40 189.54

Colour- Colour 1 : Green:189.40 189.54

Page 4 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM141 Units: METRICPM-08-DProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

189.54 189.82 Lithology: Quartzite 02823 189.54 189.82 0.28

Texture- Grain Size : Medium Grain:189.54 189.82

Few narrow dark bands. Trace pyrite.

189.82 190.06 Lithology: Pebble Quartz 02824 189.82 190.06 0.24

Texture- Texture Type : Pebble Grain Size : Coarse

Packing : Well Packed:189.82 190.06

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:189.82 190.06

at top

190.06 190.23 Lithology: Quartz Pebble Conglomerate 02825 190.06 190.23 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:190.06 190.23

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:190.06 190.23

190.23 190.38 Lithology: Pebble Quartz 02826 190.23 190.38 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm):190.23 190.38

PBQZ at bottom

190.38 190.68 Lithology: Quartzite 02827 190.38 190.68 0.30Specific Gravity taken.

Texture- Grain Size : Coarse:190.38 190.68

Colour- Colour 1 : Green:190.38 190.68

190.68 190.83 Lithology: Quartzite 02828 190.68 190.83 0.15

Texture- Grain Size : Coarse:190.68 190.83

Occasional fine pyrite stringer.

Page 5 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM141 Units: METRICPM-08-DProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

190.83 191.00 Lithology: Pebble Quartz 02829 190.83 191.00 0.17

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:190.83 191.00

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Banding:190.83 191.00

191.00 191.13 Lithology: Quartzite 02830 191.00 191.13 0.13

Texture- Grain Size : Coarse:191.00 191.13

Odd pyrite stringer <1%

Colour- Colour 1 : Green:191.00 191.13

191.13 191.21 Lithology: Pebble Quartz 02831 191.13 191.21 0.08

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:191.13 191.21

Mineralization- Min Type : Pyrite Min Texture : Banding:191.13 191.21

30% pyritic banding

191.21 191.34 Lithology: Quartzite 02832 191.21 191.34 0.13

Texture- Grain Size : Medium Grain:191.21 191.34

Colour- Colour 1 : Green:191.21 191.34

191.34 191.49 Lithology: Pebble Quartz 02833 191.34 191.49 0.15

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:191.34 191.49

Page 6 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM141 Units: METRICPM-08-DProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

191.49 191.86 Lithology: Quartz Pebble Conglomerate 02836 191.49 191.86 0.3702837 191.49 191.86 0.37HW MCB

Horizon191.49 : Wall Type : Hanging Wall

HW MCB

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Rounding : Sub-Rounded Packing : Medium Packed:191.49 191.86

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Detrital:191.49 191.86

191.86 192.00 Lithology: Quartz Pebble Conglomerate 02838 191.86 192.00 0.14

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:191.86 192.00

192.00 192.13 Lithology: Quartzite 02839 192.00 192.13 0.13

Texture- Grain Size : Medium Grain:192.00 192.13

Colour- Colour 1 : Green:192.00 192.13

192.13 192.21 Lithology: Pebble Quartz 02840 192.13 192.21 0.08

Texture- Texture Type : Pebble Grain Size : Pea Size (<1cm)

Packing : Loosely Packed:192.13 192.21

Few pyrite stringers.

Page 7 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM141 Units: METRICPM-08-DProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

192.21 192.40 Lithology: Quartz Pebble Conglomerate 02841 192.21 192.40 0.19

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing :Medium Packed

:192.21 192.40

Smokey

Mineralization- Min Type : Pyrite Min Pct VE : 5 Min Texture :

Detrital:192.21 192.40

192.40 192.68 Lithology: Quartz Pebble Conglomerate 02842 192.40 192.68 0.28Specific Gravity taken.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:192.40 192.68

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Buckshot:192.40 192.68

192.68 192.81 Lithology: Quartz Pebble Conglomerate 02843 192.68 192.81 0.13

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Rounded Packing : WellPacked

:192.68 192.81

smokey

Mineralization- Min Type : Pyrite Min Pct VE : 20 Min Texture :

Buckshot:192.68 192.81

192.81 192.97 Lithology: Quartz Pebble Conglomerate 02844 192.81 192.97 0.16

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed:192.81 192.97

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:192.81 192.97

Page 8 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM141 Units: METRICPM-08-DProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

192.97 193.13 Lithology: Quartz Pebble Conglomerate 02845 192.97 193.13 0.16

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Well Packed:192.97 193.13

Mineralization- Min Type : Pyrite Min Pct VE : 25 Min Texture :

Detrital:192.97 193.13

193.13 193.30 Lithology: Quartz Pebble Conglomerate 02846 193.13 193.30 0.17

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:193.13 193.30

Mineralization- Min Type : Pyrite Min Pct VE : 2 Min Texture :

Disseminated:193.13 193.30

193.30 193.40 Lithology: Quartzite 02847 193.30 193.40 0.10

Texture- Grain Size : Medium Grain:193.30 193.40

Colour- Colour 1 : Green:193.30 193.40

193.40 193.55 Lithology: Quartz Pebble Conglomerate 02848 193.40 193.55 0.15

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:193.40 193.55

10 % pebble content.193.55 193.63 Lithology: Quartzite 02849 193.55 193.63 0.08

Texture- Grain Size : Coarse:193.55 193.63

occasional pea-sized pebble.

Page 9 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM141 Units: METRICPM-08-DProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

193.63 193.74 Lithology: Quartz Pebble Conglomerate 02850 193.63 193.74 0.11

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Medium Packed:193.63 193.74

Smokey pebbles; light green cement.

Mineralization- Min Type : Pyrite Min Pct VE : 10 Min Texture :

Detrital:193.63 193.74

193.74 193.88 Lithology: Quartz Pebble Conglomerate 03001 193.74 193.88 0.14FW MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Packing : Loosely Packed:193.74 193.88

White pebbles, light green groundmass.

Mineralization- Min Type : Pyrite Min Pct VE : 5:193.74 193.88

193.88 194.18 Lithology: Quartzite 03002 193.88 194.18 0.30

Horizon193.88 : Wall Type : Foot Wall

FW MCB

Texture- Grain Size : Medium to Course:193.88 194.18

occasional white quartz pebble to 2cm.

194.18 194.78 Lithology: Quartzite 03003 194.18 194.78 0.60

Texture- Texture Type : Massive Grain Size : Medium to

Course:194.18 194.78

Colour- Colour 1 : Green:194.18 194.78

Page 10 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM141 Units: METRICPM-08-DProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

194.78 197.30 Lithology: Quartzite

Texture- Grain Size : Coarse:194.78 197.30

white quartz grains in groundmass.

Colour- Colour 1 : Green:194.78 197.30

197.30 197.58 Lithology: DykeHard, very tight/clean contacts @ 45 to 45 deg to LCA.Slightly crushed in part. No min. Massive. Much carbonate in groundmass.similar to diabase.

Texture- Texture Type : Massive Grain Size : Medium Grain:197.30 197.58

Colour- Colour 1 : Green Colour Tone 1 : Dark:197.30 197.58

197.58 206.86 Lithology: QuartziteIncreasingly dark grey to bottom of section. Sharp, clean but irregular contact atunconformity.Roughly 30 to 40 deg to LCA. ( Jagged contact )

Texture- Texture Type : Massive Grain Size : Medium Grain:197.58 206.86

occasional white quartz clast.

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Grey:197.58 206.86

Page 11 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM141 Units: METRICPM-08-DProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

206.86 215.00 Lithology: Metamorphic VolcanicsIncrease in foliation down section. some minor carbonate in groundmass.Massive basalt.

Horizon206.86 : Wall Type : Unconformity

Unconformity

Texture- Grain Size : Very Fine Grain:206.86 215.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:206.86 215.00

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY188.47 188.9602819188.96 189.2502820189.25 189.4002821189.40 189.5402822189.54 189.8202823189.82 190.0602824190.06 190.2302825190.23 190.3802826190.38 190.6802827190.68 190.8302828190.83 191.0002829191.00 191.1302830191.13 191.2102831191.21 191.3402832191.34 191.4902833191.49 191.8602836191.86 192.0002838192.00 192.1302839192.13 192.2102840192.21 192.4002841192.40 192.6802842192.68 192.8102843192.81 192.9702844192.97 193.1302845193.13 193.3002846

Page 12 of 12Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM141 Units: METRICPM-08-DProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY193.30 193.4002847193.40 193.5502848193.55 193.6302849193.63 193.7402850193.74 193.8803001193.88 194.1803002194.18 194.7803003

Sample Type DUP191.49 191.8602837

Sample Type Blank0300402834

Sample Type DL-1A03005

Sample Type UTS-302835

- PELE MOUNTAIN RESOURCES

Page 1 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM140 Units: METRICPM08-XaProposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-75.00Contractor: Marathon

Claim Number:

Location: Surface

Sep 09, 2008Date Started:

Date Completed: Oct 01, 2008

Purpose: Hydrogeology

3009485

Joubin

Collar Az: 360.00

Length: 175.56

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: NQ

DDHole Type:

Casing: Left in hole

Logged By:

North: 5137997.00

East: 382832.00

Elev: 397.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 2.70 Lithology: CasingTag put at beginning of box. 30cm argillite ruble follows.

2.70 18.46 Lithology: QuartziteStinson member. Massive.

Texture- Texture Type : Massive Grain Size : Medium Grain:2.70 18.46

Occasional quartz clast. Pea-size.

Colour- Colour 1 : Grey Colour Mode 1 : Uniform Colour

Tone 1 : Light:2.70 18.46

Alteration- Alt Type : Oxidation Alt Pct VE : 70 Alt Intensity

: Medium Alt Pct VE : Fracture Controlled:2.70 18.46

Orange staining radiates into groundmass.

Structure:3.00 Angle : 45.000 Structure Type : Fracture

Fractures and joints 40 to 45deg.to LCA. Rusty.

Page 2 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM140 Units: METRICPM08-XaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

18.46 96.30 Lithology: QuartziteTypical green quartzite - Ryan member.Occasional rust fracture with orange staining radiating into core.Numerouse narrow dark bands of trace pyrite and smokey quartz. Bedding @55to 60deg to LCA.

Horizon18.46 : Wall Type : Hanging Wall

Ryan

Texture- Texture Type : Bedding Grain Size : Medium to

Course:18.46 96.30

Colour- Colour 1 : Green Colour Tone 1 : Medium:18.46 96.30

96.30 124.66 Lithology: QuartziteTypical green quartztie. Numerous dark bands. Occasional quartz clast.Slight pink/orange staining approaching diabase dyke 3 m out.Ground reasonably compitent. Some 30 to 40 deg fractures with dark surfacestaining.Dyke ciontact relatively clean and sharp @ 45 to 50 deg.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:96.30 124.66

Colour- Colour 1 : Green Colour Tone 1 : Medium:96.30 124.66

Alteration- Alt Type : Unknown Orange Alt Pct VE : 80 Alt

Pct VE : Fracture Controlled:96.30 100.50

Number of fractures with orange staining. Low angle to 40deg to LCA

Structure:98.80 Angle : 75.000 Thickness Along Core : 0.02 Structure

Type : Mudseam Structure Fill Mat : MudMud or dark clay material.

Page 3 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM140 Units: METRICPM08-XaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

124.66 160.88 Lithology: Diabase DykeFirst 0.5 m muddy and sheared or slightly broken. Contact @ 45 to 50deg. Lowercontact @ 60deg.Bit of carbonate veining at south contact. North side contact clean with finergrain dyke chilled 1m intodyke. Slightly magnetic. Few quartz veins.

Texture- Texture Type : Mottled Grain Size : Medium to

Course:124.66 160.88

Typical diabase texture.

Colour- Colour 1 : Green Colour Tone 1 : Dark:124.66 160.88

160.88 162.80 Lithology: QuartziteImpure, dirty greywacke, quartzite. FW quartzite. Pink/orange staining.Core fractured and broken.

Texture- Texture Type : Pebble Grain Size : Medium to

Course:160.88 162.80

Pea-sized clasts nearing BCB and unconformity.162.80 163.37 Lithology: Quartzite 03458 162.80 163.37 0.57

Impure quartzite with occasional pea-size quartz clast.

Texture- Grain Size : Medium to Course:162.80 163.37

Colour- Colour 1 : Grey Colour Tone 1 : Dark:162.88 163.37

163.37 164.00 Lithology: Quartzite 03459 163.37 164.00 0.63Dirty quartzite to greywacke. Broken core. High angle fracture running length ofcore.

Texture- Grain Size : Medium to Course:163.37 164.00

Colour- Colour 1 : Grey Colour Tone 1 : Dark:163.37 164.00

Page 4 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM140 Units: METRICPM08-XaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

164.00 164.20 Lithology: Quartz Pebble Conglomerate 03460 164.00 164.20 0.20Basal unit cut off by unconformity. Sharp contact. Bedding @ 30deg to LCA.Pebbles lined up.

Horizon164.00 : Wall Type : Hanging Wall

Basal Conglomerate

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed Supported : Clast SupportedWeathering : No

:164.00 164.20

Irregular unconformity. Black matrix. Heavy pyrite.

Colour- Colour 1 : Black Colour Tone 1 : Medium:164.00 164.20

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Semi-Massive:164.00 164.20

Alteration- Alt Type : Chlorite Alt Intensity : Strong:164.00 164.20

Page 5 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM140 Units: METRICPM08-XaProposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

164.20 164.80 Lithology: Metamorphic Volcanics 03461 164.20 164.80 0.60Dense, black basalt. Broken. Can be scratched.

Horizon164.20 : Wall Type : Foot Wall

Reef cut off by unconformity.

164.20 : Unconformity

Texture- Texture Type : Massive Grain Size : Fine Grain:164.20 164.80

Colour- Colour 1 : Black:164.20 164.80

Mineralization- Min Type : Magnetite Min Texture : Disseminated:164.20 164.80

weak

Alteration- Alt Type : Chlorite:164.20 164.80

164.80 175.56 Lithology: Metamorphic VolcanicsDense, black basalt with chlorite schist sections. Higly magnetic. Occasionalamygdule and quartzcarbonate veining.

Texture- Texture Type : Massive Grain Size : Fine Grain:164.80 175.56

Colour- Colour 1 : Black:164.80 175.56

Mineralization- Min Type : Magnetite Min Texture : Disseminated:164.80 175.56

Strong

Alteration- Alt Type : Chlorite Alt Intensity : Pervasive:164.80 175.56

Page 6 of 6Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM140 Units: METRICPM08-XaProposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY162.80 163.3703458163.37 164.0003459164.00 164.2003460164.20 164.8003461

- PELE MOUNTAIN RESOURCES

Page 1 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM170 Units: METRICPM-CB9Proposed Hole Number:

Project Name: Pele Mountain Elliot Lake Uranium Primary Coordinates Grid: UTM83-17 Collar Dip:

Project Number: PM-ELU

Township:

-88.00Contractor: MG Drilling Inc.

Claim Number:

Location: Surface

Feb 21, 2009Date Started:

Date Completed: Feb 23, 2009

Purpose: Infill

3009465

Joubin

Collar Az: 180.00

Length: 198.00

Start Depth: 0.00

Final Depth:

Core ShackCore Storage:

Hole Size: BQ

DDHole Type:

Casing: Left in hole

Logged By:

North: 5137806.00

East: 381115.00

Elev: 380.00

Collar Survey: Y Plugged: N

Multishot Survey: Y Hole Capped: Y

Pulse EM Survey: Npenright

Comments: ~ 2.3m south of historic hole.

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.00 0.50 Lithology: CasingArgillite and granite rubble.

Page 2 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM170 Units: METRICPM-CB9Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

0.50 18.15 Lithology: QuartziteMix of medium to coarse grain, grey-green quartzite and oligomicticconglomerate. Large white quartzclasts and odd mafic clast. Barren. Much of the core has orange-brown stainingwith attendant fractures.Fracturing is typically high angle. Lower Stinson member.

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Loosely Packed Pebble Description : Quartz

:0.50 18.15

Colour- Colour 1 : Green Colour 2 : Green:0.50 18.15

Structure:1.28 Angle : 15.000 Structure Type : Fracture

rusty

:2.60 Angle : 15.000 Structure Type : Fracturerusty

:6.50 Angle : 50.000 Structure Type : Fracture

:7.00 Angle : 45.000 Structure Type : Fracturerusty

:8.12 Angle : 30.000 Structure Type : Fracturerusty

:9.00 Angle : 15.000 Structure Type : Fracturerusty

18.15 82.70 Lithology: QuartziteRyan member. Green, arkosic quartzite. ~50% oxidized and blocky core. Higlybroken from 80m to81.5m. Ocasional quartz clast and numerous faint narrow dark bands. Bedding@ 75 to 80deg. to LCA.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:18.15 82.70

Colour- Colour 1 : Green:18.15 82.70

Page 3 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM170 Units: METRICPM-CB9Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

82.70 156.05 Lithology: Quartzite 4104 153.31 153.70 0.394105 153.70 154.08 0.384106 154.08 154.22 0.144107 154.22 154.43 0.214108 154.43 154.65 0.224109 154.65 155.03 0.384112 155.03 155.22 0.194113 155.22 155.43 0.214114 155.43 155.53 0.104115 155.53 155.67 0.144116 155.67 155.77 0.104117 155.77 155.90 0.134118 155.90 156.05 0.15

Ryan member. Typical green arkosic quartzite. Not oxidized like the previoussection. Occasional quartzclast and numerous narrow dark bands. Good quality core.

Texture- Texture Type : Bedding Grain Size : Medium to

Course:82.70 156.05

Colour- Colour 1 : Green:82.70 156.05

156.05 158.85 Lithology: Main Conglomerate Bed 4119 156.05 156.15 0.104120 156.15 156.28 0.134121 156.28 156.41 0.134122 156.41 156.56 0.154123 156.56 156.71 0.154124 156.56 156.71 0.154125 156.71 156.94 0.234126 156.94 157.12 0.184127 157.12 157.42 0.304128 157.42 157.59 0.174129 157.42 157.59 0.174130 157.59 157.78 0.194131 157.78 158.07 0.294132 158.07 158.18 0.114133 158.18 158.26 0.084136 158.26 158.58 0.324137 158.58 158.62 0.044138 158.62 158.85 0.23

Medium to well packed QPC with fair detrital pyrite, some as stringers, to 15%.Bedding @ 75deg.Mix of white, smokey and mafic sub angular pebbles. Couple of intercalatedquartzite beds. Sharpeconomic HW/FW contacts. Couple of stratigraphic floater beds above HW MCB.

Horizon156.05 : Wall Type : Hanging Wall

MCB

Texture- Texture Type : Pebble Grain Size : Pebble Size

(1-3cm) Rounding : Sub-Angular Packing :Medium Packed Pebble Description : Smokey

:156.05 158.85

Mineralization- Min Type : Pyrite Min Pct VE : 15 Min Texture :

Detrital:156.05 158.85

Page 4 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM170 Units: METRICPM-CB9Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

158.85 172.65 Lithology: Quartzite 4139 158.85 159.05 0.204140 159.05 159.50 0.454141 171.00 171.39 0.394142 171.39 171.83 0.444143 171.83 172.28 0.454144 172.28 172.61 0.334145 172.61 172.84 0.23

FW quartzite. Medium grain with occasional quartz clast. Fairly massive.

Horizon158.85 : Wall Type : Foot Wall

MCB

Texture- Texture Type : Massive Grain Size : Medium Grain:158.85 172.65

Colour- Colour 1 : Green Colour Tone 1 : Medium:158.85 172.65

Structure:167.60 Angle : 75.000 Thickness Along Core : 0.05 Structure

Type : Breccia Structure Fill Mat : Quartzitemicro fractured section- slight pink alteration.

172.65 174.05 Lithology: Basal Conglomerate 4146 172.84 173.23 0.394147 173.23 173.60 0.374148 173.60 174.05 0.45

Weak BCB with loosley packed pebbles throughout. Few cobbles near bottom.Sharp contact withvolcanics. The BCB really begins at 171m. However there are only a fewscattered pebbles in a coarsedark grey groundmass. 30% tiny k-feldspar grains. Very poor pyrite content.

Horizon172.65 : Wall Type : Hanging Wall

BCB

Texture- Texture Type : Pebble Grain Size : Medium to

Course:172.65 174.05

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Grey:172.65 174.05

174.05 177.06 Lithology: Metamorphic Volcanics 4149 174.05 174.26 0.21174.05m to 175.15m contains some hematite staining on slip surfaces.Groundmass is a very fien grainchloritic basalt. 50cm of a brecciated white quartz with pink staining.Groundmass is soft.

Horizon174.05 : Wall Type : Unconformity

Page 5 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM170 Units: METRICPM-CB9Proposed Hole Number:

Detailed LithologyFrom To Lithology

Assay Data

Sample Number From To Length U ppm Lab U3O8 pct Calc

177.06 198.00 Lithology: Metamorphic VolcanicsFairly massive metabasalt. Chlorite schist in part. Much carbonate ingroundmass. Harder rock below183m. magnetite in groundmass below 180m. Occasional quartz/carbonate veinand amygdule. Goodquality core. There is also a few sections with fine layering and flow typefeatures.

Texture- Texture Type : Massive Grain Size : Very Fine Grain:177.06 198.00

Colour- Colour 1 : Green Colour Tone 1 : Dark Colour 2

: Black:177.06 198.00

Structure:177.06 Structure Type : Faults

Drillers report drop in rods and loss of water pressure.

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY153.31 153.704104153.70 154.084105154.08 154.224106154.22 154.434107154.43 154.654108154.65 155.034109155.03 155.224112155.22 155.434113155.43 155.534114155.53 155.674115155.67 155.774116155.77 155.904117155.90 156.054118156.05 156.154119156.15 156.284120156.28 156.414121156.41 156.564122156.56 156.714123156.71 156.944125156.94 157.124126157.12 157.424127

Page 6 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM170 Units: METRICPM-CB9Proposed Hole Number:

Samples

Sample Number From To U3O8_pct_calc Au_gpt_calc Y_ppm_Lab Th_ppm_Lab Rb_ppm_Lab Ba_ppm_Lab Co_ppm_Lab Cr_ppm_Lab Fe_pct_Lab K_pct_Lab Pb_ppm_Lab Zn_ppm_Lab Pt_ppb_Lab Pd_ppb_Lab Cs_ppm_Lab

Sample Type ASSAY157.42 157.594128157.59 157.784130157.78 158.074131158.07 158.184132158.18 158.264133158.26 158.584136158.58 158.624137158.62 158.854138158.85 159.054139159.05 159.504140171.00 171.394141171.39 171.834142171.83 172.284143172.28 172.614144172.61 172.844145172.84 173.234146173.23 173.604147173.60 174.054148174.05 174.264149

Sample Type DUP156.56 156.714124157.42 157.594129

Sample Type Blank41344110

Sample Type DL-1A4111

Sample Type UTS-34135

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

0.50 3.00 2.50 1.32 52.80

3.00 6.00 3.00 2.17 72.33

6.00 9.00 3.00 1.66 55.33

9.00 12.00 3.00 2.83 94.33

12.00 15.00 3.00 3.00 100.00

15.00 18.00 3.00 2.67 89.00

18.00 21.00 3.00 2.63 87.67

Page 7 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM170 Units: METRICPM-CB9Proposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

21.00 24.00 3.00 2.24 74.67

24.00 27.00 3.00 2.74 91.33

27.00 30.00 3.00 2.90 96.67

30.00 33.00 3.00 2.68 89.33

33.00 36.00 3.00 2.58 86.00

36.00 39.00 3.00 2.13 71.00

39.00 42.00 3.00 2.88 96.00

42.00 45.00 3.00 2.40 80.00

45.00 48.00 3.00 2.40 80.00

48.00 51.00 3.00 3.00 100.00

51.00 54.00 3.00 3.00 100.00

54.00 57.00 3.00 3.00 100.00

57.00 60.00 3.00 2.74 91.33

60.00 63.00 3.00 2.33 77.67

63.00 66.00 3.00 2.65 88.33

66.00 69.00 3.00 2.46 82.00

69.00 72.00 3.00 2.85 95.00

72.00 75.00 3.00 2.30 76.67

75.00 78.00 3.00 1.86 62.00

78.00 81.00 3.00 2.08 69.33

81.00 84.00 3.00 1.20 40.00

84.00 87.00 3.00 2.60 86.67

87.00 90.00 3.00 3.00 100.00

90.00 93.00 3.00 3.00 100.00

93.00 96.00 3.00 3.00 100.00

96.00 99.00 3.00 3.00 100.00

99.00 102.00 3.00 3.00 100.00

102.00 105.00 3.00 2.25 75.00

105.00 108.00 3.00 3.00 100.00

108.00 111.00 3.00 3.00 100.00

111.00 114.00 3.00 2.70 90.00

114.00 117.00 3.00 2.97 99.00

117.00 120.00 3.00 2.67 89.00

Page 8 of 8Mar 24, 2009 Pele Mountain Resources – Detailed Log

Hole Number: PM170 Units: METRICPM-CB9Proposed Hole Number:

RQD

From To Interval Length Sum Pcs Gt 10cm RQD Recovered Length Percent Recovered Comments

120.00 123.00 3.00 2.82 94.00

123.00 126.00 3.00 3.00 100.00

126.00 129.00 3.00 3.00 100.00

129.00 132.00 3.00 2.00 66.67

132.00 135.00 3.00 3.00 100.00

135.00 138.00 3.00 3.00 100.00

138.00 141.00 3.00 2.55 85.00

141.00 144.00 3.00 2.53 84.33

144.00 147.00 3.00 2.70 90.00

147.00 150.00 3.00 1.80 60.00

150.00 153.00 3.00 3.00 100.00

153.00 156.00 3.00 3.00 100.00

156.00 159.00 3.00 2.84 94.67

159.00 162.00 3.00 2.66 88.67

162.00 165.00 3.00 3.00 100.00

165.00 168.00 3.00 3.00 100.00

168.00 171.00 3.00 2.70 90.00

171.00 174.00 3.00 2.40 80.00

174.00 177.00 3.00 1.40 46.67

177.00 180.00 3.00 2.90 96.67

180.00 183.00 3.00 3.00 100.00

183.00 186.00 3.00 3.00 100.00

186.00 189.00 3.00 3.00 100.00

189.00 192.00 3.00 2.30 76.67

192.00 195.00 3.00 3.00 100.00

195.00 198.00 3.00 2.80 93.33