ftu^

PROSPECTUS dated November3S,1972 QQ No Securities Commission or other similar authority

in Canada has in any way passed upon the merit of the securities offered hcreunder and any representation to the contrary is an offence.

COPPER PRINCE MINES LIMITED

Incorporated in Ontario

175,000 shares without par valueNew Issue

Sharer. f:irnly Price undervrj tton^ per Share

Net Proceeds t

8p,ooo 25* #20,000

Maxiinun Offering Pr:5.o:'

Shore

Shares under , ^ opjt l on- __4

95,000

Price jjh/i

3 O j1-

Net additional proceeds to Cor poration if option

"- -

1)28,500

Maximum Of f or:-r;'

Exclusive of .^3,000.00 estimated cost of the issue.

Secondary offerings may bo made by The Curoco Corporation Limited totalling 97,037 shares (See heading "Secondary Offerings" on page 8). The Underwriter/Optionee has agreed not to sell any of such shares to the public before taking down and paying for all the shares underwritten and optioned herein.

Shares of the Corporation purchased by the Underwriter/ Optionee, The Cui.ico Corporation Limited, will be offered for sale from time to tine at the prevailing market price not exceeding the maximum offering price per share shown above. These shares will be sold by tho Underwriter/Optionee, or through the registered dealers who may bc granted sub-ur.derwritings or sub-options, (See caption PLAil OK DISTHI3UTI01!)

THESE ARE SPECULATIVE SECURITIES AND THEIiE IS NO MARKET FOR THEM. THIS CORPORATION HAS NOT IMhJN ACTIVELY KNGAGKD IN MIHIHG EXPLORATION OR DEVELOPMENT DURING THE PRECEDING SEVEN YEARS.

2.

** TABLE OF CONTENTS

THE CORPORATION

BUSINESS AND PROPERTY OF THE CORPORATION

DIRECTORS, OFFICERS AND THEIR REMUNERATION

AUDITOR

REGISTRAR AMD TRANSFER AGENT

PROMOTER

CAPITALIZATION AND DESCRIPTION OF CAPITAL STOCK

PLAN OF DISTRIBUTION

APPLICATION OF PROCEEDS

ESCROWED SHARES

PRINCIPAL SHAREHOLDER

IHT3PJSST OF MA!IAGF,!.;r.!!T AND OTHERS IN HATKRIAL TRANSACTIONS

MATERIAL CONTRACTS

PENDING LEGAL PROCEEDINGS

PURCHASER'S RIGHT OF RESCISSION AND RIGHT OF WITHDRAWAL

FINANCIAL

OTHER MATERIAL FACTS

FINANCIAL STATEMENTS

CERTIFICATES

9

10

10

10, 11

11

12

13 - 23

THli CORPORATION

The Corporation was incorporated under Part XI of The ^em^arrjjjs Act (Ontario) by Letters Patent dated the 5th day of February, 1951* By Supplementary Letters Patent dated the #th day of September, (195'*', the Corporation's authorized capital war. increased to -'155,000,000 by the creation of an additional 2,000,000 shares with a par value of #1.00 each. The Corporation received a Certificate 4of Amendment dated the 24th day of August, 1972, in which all of its 5,000,000 shares with a par value of ''-1.00 each were chorigori to 5,000,000 shares without nominal or par value provided that they not bs issued for an aggregate consideration exceeding in amount or value the sum of five million dollars (fi1.5,000,000).

As at the date hereof there are 3,342,177 shares issued and outstanding in the capital of the Corporation.

Other than current taxes and accounts payable the Corppration has no indebtedness as at the date hereof.

i

The head office of the Corporation is located at Suite 3102, 401 Bay Street, Toronto l, Ontario.

JiUSIIJKSS AIM) PROPERTY OF TJI3 CORPORATION

9

During the 1950's the Corporation held the various patented and unpatontcd mining clains referred to in its prospectus filed with the Ontario Securities Conniosi.cn on February 24, 1961. It was actively engaged in the business of mining exoloration.

4

The Corporation has not been actively engaged in mining exploration or development for ovor seven years. However, it has kept the properties hereinafter set forth in good standing by tho payment of all mining and propertytaxes levied in respect thereof,

poR o,Property i n Town s h i p J 6 ̂V, j)n t a r i p s * c- :

The Corporation holds eight patented mining claims, being former c] o j m numbers SSi:6l9tf, 6.199, 6201, 6202, 620.',, 6205, 6207 and 620B in Township 163, Sault Ste. Marie Mining Division, Province of Ontario.

These clains are in the northwest quarter of the Township and arc approximately one and one-half miles east of the V/hitc Kiver Road (Ontario Highway 546). It is twenty miles south-west to the village of Iron Bridge on the Trans-Canada Highway (No. 17).

Thene claims v;ere acquired in March, 1951. It i n understood that they had been discovered and staked in 3927 by Sam Dillnbough who shortly thereafter had conveyed them to Consolidated Kin i ne nnd Smelting Company (nov; Corninco Ltd.). Sufficient v/orl; was done to patent the claims and Ccminco paid taxes on them for tv;enty yearn. In 194& the claims were re- conveyed to the original owner.

Following a report by Franc -R. Joubin in February, 1951, v;hich recommended 5,000 feet of diamond drilling, tho Corporation drilled four holes with a total length of l,630 feet in the early sunrr.::r of 195-1. The cooper deposits encountered v:orc of irregular riir.cralination with the best deposit indicating a possible ore shoot of 20,000 tons with an average grade of 2.25 per cent copper. These results wore considercd disappointing and no further work has been done by the Corporation.

By an arm's length agreement dated June 9, 197?, North Shore Copper Liirited has acquired tho right t e nine and remove ore and minerals on these prooerti c f. for a torn of five: years (53ee caption I'.ATJJKIAL Cdi.'TI'.ACTS). Tho Corporation has consented to Korth Shore Copper LimHc'J asr-jgnir;,; its interest in this agreement to Engor-Sullivan Gold ilip.es Ltd,

Pro] i e r tj Jri^l^

*' The Corporation holds a bloc!; of sixteen patented mining claims, bcir.^ former c.laiir. numbers S5^007, S5-015, S56016, 85601?, S'^2059, 852070, 352071, S5.1'^S, - r'W), S51550, S51302, 25130.',., S52306, !35?307, S2566S- and S25731-, in Falconbridge Towns.'rJ.p, Sudbury iiining Division, Province of Ontario.

The Corporation purchaser) the first four of these claims by an agreement dated ttovenbcr 9, 1.951. The other twelve claims were purchased from the Huff Jack Copper Nickel Prospecting Syndicate {Huff Jac!;) by an agreement dated October 27, 1951.

were paCorpobeen dithese claims in the office of Land Titles at Sudbury, Ontario.When the management of the Corporation has been ab.lb to discusthe matter with al] tha former Huff Jan!: members or their heirit is hoped that they will promptly transfer these two claimsinto the name of the Corporation.

These claims are about two miles cast-southeast of the falconbridge smelter and townsite. Tha old Falcon Gold Mine is just oast of the property, and thore is a motor road from it to the vi lingo of V.'ahnopitae on Highway 17, about seven miles to tho south.

v *The Corporation has done the following work on

these properties:

1951 - 52 Spring 1952 Autumn 1952

Spring 1953 Summer 1956

6,000 feet of diamond drilling (16 holes) Electromagnetic survey (McPhar Goophipics) Magnetic and spontaneous polarization survey by Geophysical Explorations Limited 2,500 feet of diamond drilling (6 holes) 8,051 feet of diamond .drilling (10 holes)

According to the report of Robert Halct, Geological Engineer with H.B. ft, 0. Engineering Limited, dated September Id, 1972, which is available for public perusal in the files of the Ontario Securities Commission, although some interesting inter sections of copper :.oaring material were intersected, subsequent drill holes never demonstrated continuity of ore grade minerali zation. In a letter to the board of directors dated October 13, 1972, I'ir. llalet stated: "...I would suggest an induced polari zation survey of tho mineralised area centred on claim M 303 at a cost of approximately #4,000. The minimum diamond drilling required to test any favourable geophysical indication would be 600'feet at a cost of approximately #6,000." Subsequent to the said report and letter of i-ir. Malet, iir. Michael Ogcon, Geological Engineor visited tho property and prepared a report, dated November 14, 197'-, in which he re corrie mie d. a detailed geological survey, at a c or. t of about #5,000, as the first phase of further- exploration.

DIKKCTOKS AND OFFICERS

Name and

E. Franklin Furniss, 7 Greenberry Place, Agincourt

Office

President Director

Principal Occupation

William D. Paterson, 16 Meadow Height, Thornhill

Secretary Director

Accountant; Assistant Secretary-Treasurer and Comptroller of Alliance Building Corp, Ltd. until July 311 1972, currently Assistant Sccretary- Troasurer to Nordol De velopment Corporation Ltd.

Accountant; Solo Proprietor Hegent Management Services, Suite 3102, 401 Hay Street, Toronto, Ontario; officer and/or director of following mining companies; Dundee Mines Ltd. , Whiteite Mining Co. Ltd., Now United Salt Mines Ltd. and Monpro Iron Mines Limited.

Name and Horns .Address

Kenneth Andrew Davis, 310 Tweedsmuir Avenue, Toronto

Office

Director

Edward Charles RaaflaubBox 99,Sundridge

Director

Clarence A. Ruff, General Delivery, Jluntsv.il le

Director

6.

Principal Occupation

President, Internationa] Norvalic 3lines Limited; President and Director, Pickering Metal Minos Limited, Conmar Explora; Limited, and Wow Jason ! Limited; Director, New Calumet Mines Limited.

Operates a trailer camp Sundrid t';e. Ontario since September j 1971; prior thereto Accountant v;ith The Cuir.co Corporotion It Director of follov.'inc other mi sun/.; companies: Katcri Ji.xnin/: Co. Ltd.Whitegate i lining Co. Lt.c Mew United Salt /lines I .tand Monpre Limited.

M Iron Mines f

Maintenance Mechanic, Canusco Plastic Ooatin/; Company, Huntsville, G, K j'

No remuneration has berm paid by the Corporation to any of its directors and officers as such during its preceding fiscal year. During tho present fiscal 'year the directors are being paid at the rate of fifty dollars for each mooting they attend. The Corporation pays Regent Management Services, a sole proprietorship of its Secretary, W. D. Paterson, the sun of #200per month fer the use of itssecretarial services.

offices and accounting and

AUDITOR

J. Murray Anderson, Suite 113, 2 College Street, Toronto 101, Ontario. .

REGISTRAR AND TRANSFER AGENT

The Premier Trust Company, 19 Richmond Street West, Toronto 105, Ontario,

' (b) an option to the Underwriter/Optionee on a further 95,000 unissued shares at the price of 300 per share, such option to be exercised within three (3) months of the "Effective Date".

There arc no sub-underwriting or sub-options out standing or proposed to be given at this time; however, the Underwriter/Optionee lias advised that during the course of primary distribution of the Corporation's shares it may grant sxib-underwritings or sub-options to registered security dealers who may engage in primary distribution of th-3 shares to the public at a price not exceeding Itf per share in excess of the price to be paid to the Underwriter/Optionee under the provisions of the Underwriting and Option Agreement aforesaid.

Sec ondnry Offerings

The Corporation is informed that the Underwriter/ Optionee is the holder of 97,037 shares of the Corporation free of e.Serow purchased under previous underwriting agreements and proposes to offer such shares to the public through registered securities dealers in Ontario at the Toronto Stock Exchange commission rates at the market price in such amounts as it may from time to time dotorn!ne. The Underwriter/Optionee has agreed not to sell any of such shares to the public before three (3) months after the "Effective Date" unions the aforesaid

i option of all 95 , 000 shares of the Corporation optioned to tho1 Underwriter/Optionee arc earlier exercised.

The Corporation having previously received consideration for the shares heretofore issued, the proceeds of any sole thereof will not accrue to the Corporation. There are no arrangements for tho sale of escrowed shares known to th3 signatories to this prospectus except as referred to herein.

APPLICATION OF PROCEEDS

The Corporation proposes to use the proceeds of shares as subscribed by the Underwriter/Optionee to meet general expenses, including administrative, legal and audit expenses; to pay corporate income, mining and property taxes; to pay the costs of tin issue; and to have conducted a detailed geological survey, in cluding the preparation of maps, of the whole Falconbridge Town ship Property of the Corporation. Mr. Ogden estimated in his report (see Heading "Property in Falconbridge Tcv.-nship, Ontario", p. 4, 5) that this would cost approximately #5,000. A decision as to further work will await the outcome of this survey.

9.

* Any monies subscribed in excess of the Corporation's immediate requirements for the aforesaid purpose v/i]} be held by the Corporation in banks or interest-bearing securities or other securities pernissable by the laws of Canada for investment by life insurance companies, pending their employment in furthering the objects of the Corporation.

ESCROY/ED SHARES .

Certificates for 263,300 shares arc held in escrow by the Premier Trust Company subject to release only on the written consents of the Ontario Securities Commission and the lioard of Directors of the Corporate on; and as to transfer, assignment, conversion, hypothecation or other alienation within escrow, to the written consent of the Ontario Secvrities Commission. Thes9 escrowed shares represent 3.03'* of the out standing shares of the Corporation.

.' ' PRINCIPAL SHAREHOLDER

No person, firn, syndicate or corporation owns of record or is kncv.'p. to the signatories of this prospector to own beneficially, directly or indirectly, as of the date hereof more than .10 per cent of the isr.ued shares of the "Corporation. The onJy person known to the Corporation to hold more than 5 per cent of the issued shares of the Cor poration is Walter M. Cummings, Gal; lane l-'arm, R, R. #31 JJolton, Ontario.

INTEREST OF MANAGEMENT AND OTHERS IH MATERIAL TRANSACTIONS

E. C. Raaflaub, one of the directors of the Cor poration, was employed as an accountant by the Underwriter/ Optionee, The Cumco Corporation Limited, from 19^5 to September, 1971.

W. M, Cummings, the only person known to the Cor poration to hold more than 5 per cent of the issued shares of the Corporation, is the President of the Underwriter/ Optionee, The Cumco Corporation Limited.

The Corporation pays Regent Management Services, a sole proprietorship of its Secretary, W. 1). Paterson, the sum of t;;200 per month for the use of its offices and accounting and secretarial services.

10.

MATERIAL CONTRACTS

The Corporation has entered into the following material contracts outside the ordinary course of business in the two years prior to the date hereof:

(a) Agreement dated the 9th day of June, 1972,between' the Corporation and 'North Shore Copper Limited leasing for mining purposes for five (5) years on a royalty basis the eight ( S) patented

' mining claims in Township 16*4, District of Algoma {see caption BUSINESS AMD PROPERTY OF TiiE COit- POHATI01I). The agreement provides that Worth Shore shall pay a royalty of r.oventy-fivc cents (75?) P-r dry ton of ore mined and removed, plus an additional twenty-f i ve cents (2^.) per dry ton mined below a depth of one thousand (1,000) feet which grades at least 3',^ copper. After the initial six (6) months there is a minimum royalty of !ii2,8D.2,50 per thrso (3) r.onth period. Thn agrcer.ont has a tern of five (5) years although the tenant nay terminate it or. thirty (30) days written notice. The Corporation has consented to North Shoro Copper Limited assigning its interest in this agroer.ent to Kn&cr-Sullivan Gold iiincs Ltd.

(b) Agre&ment dated September 6, 1972, botv.'ocn the Corporation on d The CUMCO Corpovatj.cn United as Underwriter/Optionee (see caption P LA [J OF DISTRIBUTION).

(c) Agreement dated October 19,'1972, between the Corporation and The Cumco Corporation Limited amending certain clauses of the agreement dated September 6, 1972, between the same parties.

PENDING LEGAL PROCEEDINGSi

The management and directors of the Corporation are not aware of any ponding legal proceedings involving the Corporation.

PURCHASER'S RIGHT OF RESCISSION AND RIGHT OF WITHDRAWAL

Sections 64 and 65 of The Securities Act (Ontario) provide in effect that whore a security is offered to the public in the course of primary distribution:

COPPER PRINCE Mires LIMITED SUITE 3102,

SIMPSONS TOWER TORONTO l, ONTARIO

FALCONBRIDGE TOWNSHIP PROPERTYVi. . . ,

•"••^^...---

SUMMARY

THE CLAIM BLOCK OF 16 PATENTED CLAIMS LIES IN FALCONBRIDGE TOWNSHIP,

lg MILES SOUTHEAST OF FALCONBRIDGE EAST Ml NE,,2 MILES EAST OF THEIR MAIN MINE,

AND 5 MILES EAST OF INTERNATIONAL NICKEL'S GARSON Ml NE. IT HAY BE REACHED 8Y

WALKING A MILE OR SO BEYOND THE NEW IRON PLANT OF FALCONBRIDGE NICKEL MINES.

OA LITTLE MORE THAN 17,000 FEET OF DRILLING HAS BEEN DONE IN 38 HOLES. O)

GTWO BROAD ZONES OF SULPHIDE MINERALIZATION HAVE BEEN FOUND. ONE IN AN EAST-

WEST FAULT ZONE WHICH SEEMS TO BE THE CONTINUATION OF THE GARSON FAULT. THE

OTHER TRENDING SOUTHEAST, AWAY FROM THE FALCONBRIDGE EAST Ml NE IN ANOTHER ZONE

OF RUSTY MINERALIZED SHEARS AND BRECCIA.

As EITHER OF THESE ZONES COULD REFLECT A MAJOR OREBODY IN DEPTH, A

DETAILED GEOLOGICAL SURVEY IS RECOMMENDED AS THE FIRST PHASE OF FURTHER EXPLOR

ATION. '

THE SURVEY WILL COST ABOUT ^5000.

MICHAEL OGDEN, "B.A.Sc., P .ENS,

TORONTO, ONTARIO.

NOVEMBER 14, 1972.

H. B. at O. ENOINEERINO UMITED

COPFER PRINCE MINIS LIMITED

FALCONBRIDGE TOWNSHIP PROPERTY ,.^ A ' 0 ^v'X

BY f' ' V \1 :- 1 " {."m V

MICHEL OGDEN ^ ^ ' ~ 't 'j

NOVEMBER 14, 1972 " -"'. :: :; !V ; - '

BIBLIOGRAPHY

1. MAP 2170 - SUDBURY MINING AREA, ONTARIO DEPARTMENT or MINES, PUBLISHED 1969.

2. PRIVATE REPORT TO COPPER PRINCE AUGUST 1952 BY A. W. STOLLERY.

3. QUALIFYING REPORT BY j. R. MACDONALD DECEMBER 1955*

4. GEOLOGY or FALCONBRIDGE TOWNSHIP, BY JAMES R. THOMSON,MAP 1957 - 5 AND REPORT, IN ONTARIO DEPARTMENT OF MINES,ANNUAL REPORT, VOL. LXVI, PART 6, 1957.

5. DRILL LOGS BY A. W. STOLLERY MAY 1953.

6. PRIVATE REPORT TO COPPER PRINCE MINES LIMITED, BY J. R. MACDONALD, SEPTEMBER 26, 1957.

*

7. PRIVATE REPORT TO COPPER PRINCE MINES LIMITED, BY GEOPHYSICAL EXPLORATIONS LIMITED, FEBRUARY 3, 1953.

8. PRIVATE REPORTS TO COPPER PRINCE MINES LIMITED, BY R. A. HALET, DURING 1972.

PROPERTY. LOCATION AND ACCESS

THE COMPANY OWNS A BLOCK OF SIXTEEN PATENTED CLAIMS IN THE CENTRAL*

PART OF FALCONBRIDGE TOWNSHIP, SUDBURY MINING DIVISION, ONTARIO, NUMBERED AS

FOLLOWS!

S - 25668 AND 25731S - 51303 AND 51304S - 51548 TO 51550 INCLUSIVES - 52069 TO 52071 INCLUSIVES - 52306 AND 52307S - 56015 TO 56017 INCLUSIVES - 58007

H. B. A O. ENGINEERING LIMITED

- z -

THE CLAIMS tie ABOUT TWO MILES CAST or THE TOWN or FALCONBRIDCE

AND A QUARTER OF A MILE WEST OF THE OLD FALCON GOLO Ml NE.

THERE is NO TIMBER ON THE PROPERTY AND WATER MAY BE SCARCE AT TIMES,

ALTHOUGH THE EMERY CREEK ALONG THE EAST SIDE OF THE GROUND FLOWS ALL YEAR.

BEDROCK is WELL EXPOSED, BEING ABOUT FIFTY PERCENT OF THE PROPERTY.

THE OLD ROADS INTO THE AREA ARE NOW IMPASSIBLE, BUT THE NEW IRON

PLANT OF FALCONBRIDGE NICKEL MINES LIES ONE MILE SOUTH-SOUTHWEST OF THE CLAIM

BLOCK. HENCE ACCESS IS SIMPLE BY DRIVING TO THE PLANT AND GETTING PERMISSION

TO CROSS THIER GROUND.

previous WORK.THE COMPANY OBTAINED THE PROPERTY IN 1951. FORMER OWNERS HAD DONE CON

SIDERABLE PROSPECTING INCLUDING SEVERAL PITS IN SOLID ROCK AND SIX DIAMOND DRILL

HOLES.

DURING THE PERIOD 1951 TO 1956 THE FOLLOWING WORK WAS DONE;-*

1951-1952 - 6,000 FEET OF DIAMOND DRILLING (I&HOLES).

SPRING, 1952- ELECTROMAGNETIC SURVEY (McPHAR GEOPHYSICS).

AUTUMN, 1952- MAGNETIC AND SPONTANEOUS POLARIZATION SRUVEY BY GEOPHYSICAL EXPLORATIONS LIMITED. (SHERWIN KELLY).

SPRING, 1953- 2,500 FEET OF DIAMOND DRILLING (six HOLES) TO TEST ANOMALIES.

SUMMER, 1956- 8,051 FEET OF DIAMOND DRILLING (TEN HOLES).^

GEOLOGY

THE GEOLOGY is SHOWN ON MAP 1957-5, FALCONBRIDGE TOWNSHIP, (1,000 FEET

TO THE INCH), PUBLISHED BY THE ONTARIO DEPARTMENT OF MINES* IT CONSISTS OF

PRECAMBRIAN SEDIMENTARY ROCKS STRIKING NORTHEAST WITH STEEP DIPS THAT HAVE BEEN*

INTRUDED BY A LARGE NORTHEAST TRENDING DYKE OF GABBRO.

K B. ft O. ENOINEERINO LIMITED

- 3 -

THE NORTHWESTERN HALF OF THE PROPERTY IS UNDERLAIN BY A SUCCESSION

OF BEODEO qUARTZITES WITH MINOR INTERBEOS OF GREYWACKE AND QUARTZITE.

THE SOUTHEAST FRINGE OF THE CLAIM BLOCK IS A MASSIVE CONGLOMERATE OF

BOULDERS AND PEBBLES, WITH INTERBEOS OF GREYWACKE AND C.UARTZITE. BETWEEN THESE

TWO THERE IS A LARGE NORTHEAST TRENDING GABBRO DYKE OR SILL, UP TO HALF A MILE

WIDE, MADE UP OF NIPISSING OR SUDBURY GABBRO. A ZONE OF SIMILAR GABROIC ROCKS

CAN BE FOLLOWED FOR 40 MILES THROUGH FALCONBRIDGE TOWNSHIP WESTWARD TO THE

WORTHINGTON MINE IN DRURY TOWNSHIP. THE GABBRO is APPROXIMATELY PARALLEL TO THE

SOUTH CONTACT OF THE SUDBURY NICKEL IRRUPTIVE, AND LIES BETWEEN ONE AND FOUR MILES

FROM IT.

MINERALIZATION AND FAULTING.

A BROAD ZONE OF FAULTING, SHEARING AND BRECCIA EXTENDS ACCROSS THE

PROPERTY NEAR THE SOUTH BOUNDARY OF CLAIMS 52307,52303,51549, AND 52731. THE

ORIGINAL PROSPECT PITS AND PRE COPPER PRINCE DRILL HOLES ARE ALL SUNK INTO MAS

SIVE, SHORT BANDS OF PYRRHOTITE, CHALCOPYRITE, PYRITE, AND MARCASITE, NEAR THE

SOUTHEAST CORNER OF 52307. THE EAST-WEST ZONE IN WHICH THE SULPHIDES ARE FOUND

SEEMS TO BE THE CONTINUATION OF THE MAIN GARSON FAULT WHICH IS SO WELL MINERAL

IZED AT THE GARSON MINE 5 MILES TO THE WEST.

ANOTHER ZONE OF SULPHIDE MINERALIZATION EXTENDS.DIAGONALLY, NORTHWEST,

ACROSS CLAIM 51303. THIS IS THE ZONE FIRST FOUND AND DRILLED BY COPPER PRINCE.

ASSAYS OF l.5# COPPER PLUS LOW GOLD VALUES HAVE BEEN ENCOUNTERED OVER WIDTHS OF

20 TO 25 FEET. OVER NARROW WIDTHS LIKE 3-5 FEET GRADES OF 5# COPPER HAVE BEEN

FOUND.

H. B. ft O. ENGINEERING UMITEO

- 4 -

"CONCLUSIONS AND FECOMMENDATIONS -

l. EITHER ONE or THE TWO SULPHIDE ZONES MIGHT BE PART or THE HALO OF MIN

ERALIZATION THAT OFTEN OVERLIES A SUBSTANTIAL ORE BODY AT DEPTH.

2. THE EAST-WEST ZONE OF SHEARING AND MINERALIZATION SEEMS TO BE THE CON

TINUATION OF THE GARSON FAULT. WHEREAS THE NORTHWEST TRENDING ZONE is AIMED AT

THE FALCONBRIDGE EAST HINE AND MAY BE THE SOUTHEAST EXTENSION OF THE BAILEY COR

NERS FAULT.

3. THE PROPERTY LIES WITHIN THE OUTER RING OF SUDBURY GABBRO lO.sTHAT AN

OFFSET TYPE OF ORE BODY LIKE THE FROOD OR STOBIE IS POSSIBLE.

4. NO O.UARTZ DIORITE OR NORITE HAS BEEN RECOGNIZED ON THE PROPERTY BUT SOME

OF THE BASIC DYKES ENCOUNTERED IN THE DRILL HOLES MIGHT BE AN ALTERED FORM OF

THOSE ROCKS.

5. A GEOLOGICAL SURVEY OVER 1C WHOLE PROPERTY SHOULD BE DONE WITH DETAILEDV

EMPHASIS ON THE KNOWN MINERALIZED PORTIONS. THIS WOULD TAKE BETWEEN 4 AND 6 WEEKS

WITH A SENIOR GEOLOGIST AND ASSISTANT AND WOULD COST ABOUT ^5000.

6. FURTHER EXPLORATION OF THE PROPERTY IN DEPTH, COULD THEN BE INTELLIGENTLY

PLANNED.

RESPECTFULLY SUBMITTED*

^^ HfCHAEL OGDEN, 8,A.Se.,P. ENC.

TORONTO, ONTARIO.

NOVEMBER 14, 1972.

H. B. A O. CNOINEERINO UMITEO

f-./.-,l-v 7 . * , o-*.

CERTIFICATE v!' 1 '^. , (

l, W. MICHAEL M. OGDEN, RESIDING AT DEANWOOD, RURAL

ROUTE #4, STOUFFVILLE, IN THE COUNTY OF YORK, ONTARIO, oo HEREBY CERTIFY

AS FOLLOWS;

1. THAT l AM A GRADUATE IN APPLIED SCIENCE (MINING GEOLOGY) FROM THE.

UNIVERSITY OF TORONTO IN 1950.

2. THAT l AM REGISTERED AS A PROFESSIONAL ENGINEER IN THE PROVINCE

or ONTARIO AND HAVE BEEN PRACTISING MY PROFESSION FOR 22 YEARS.

3. THAT l HAVE NO INTEREST, EITHER DIRECT OR INDIRECT, AND oo NOT

EXPECT TO RECEIVE ANY INTEREST IN THE PROPERTIES O* IN THE SECURITIES;OF

COPPER .PRINCE MINES LIMITED.

4. THAT THIS REPORT is BASED ON INFORMATION CONTAINED IN THE REFERENCE

NOTED IN THE REPORT, AND ON A PERSONAL EXAMINATION OF THE PROPERTY ON THE 9TH

DAY OF NOVEMBER 1972.

MICHAEL OGDEN, B.A.Sc., P.ENG,

MINING GEOLOGIST.

DATED AT TORONTO, ONTARIO, THIS IATH DAY OF NOVEMBER 1972.

H. B. flk O. ENGINEERING LIMITED

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