ldegroot
Table of Contents
El Tesoro Regional Sample Locations 8
El Tesoro Rock Sample Location Map, Au in ppb 9
Appendix Rock Sample Locations and Descriptions
Rock Sample Analysis
INTRODUCTION
During the summer of 2009 a rock geochemistry program was conducted on the El Tesoro property. 13 samples were collected and analyzed; the primary goal of the program was to identify any zones of anomalous base or precious metal mineralization in the Boulder Creek area of the property. Previous operators in the area had identified areas of significant lead and zinc anomalies in soils. These anomalies occur along an unconformity between the Proterozoic Belt-Purcell stratigraphy and the Cambrian age, Cranbrook, and Jubilee Formations. The El Tesoro property is geologically located in an important structural zone where the major St. Mary-Boulder Creek fault system swings from a northeast trend to a north-south trend.
LOCATION AND ACCESS
The property is located approximately 32 km from Cranbrook at a bearing of 20° east of north. The property straddles the upper reaches of Boulder, Tanglefoot, and Wallinger Creeks as well as a north flowing tributary of the East Fork of Wildhorse Creek. The property is accessed by numerous logging roads that dissect the area on the east side of Wildhorse Creek. While many roads grant access to the margins of the property the main portion of the property is only accessible by foot.
PROPERTY
The property consists of mineral tenure numbers 582106, 578812, 592779, 592780, 650885. These claims are wholly owned by Sean Kennedy of Kimberley, BC. Currently work on the property is being funded by Kootenay Gold Inc. of Vancouver, BC.
PHYSIOGRAPHY
Elevation ranges from 1800 metres to over 2500 metres near the centre of the property. Topography is generally steep and cliffy, much of the property is above tree-line but most of the slopes are covered with talus scree. Timber at lower elevations consists of spruce, balsam, lodgepole pine, and some fir. At higher elevations Alpine Larch and Alpine Pine prevail. Underbrush chiefly consists of scrub juniper and mountain alder. Precipitation is moderate in the area with a heavy snowpack on north and west facing slopes; rainfall is generally low in the summer months. The area is usually accessible from early June to mid October.
HISTORY
The area has been previously held and explored by Placer Dome, Cominco, Placid Oil, as well as a suite of junior exploration companies. A series of workings on the northern portion of the property called the Coronada have been explored with trenching and shallow adits. Mineralization at the Coronada consists of tetrahedrite, galena, sphaelerite, chalcopyrite and arsenopyrite and is hosted in brecciated Jubilee dolomite and underlying conglomerates. The host unit is quite extensive and contains patchy mineralization over a large strike extent. This area was tested with IP, soils and rock geochemistry. Cominco conducted a program of geological mapping and soils in the area delineating a number of strong lead-zinc anomalies in a north-south trend extending south from the Coronada area.
El Tesoro, Rock Geochemistry Page 3
Cominco also drilled a hole north of the Coronada to test the Cambrian unconformity, this hole failed to intersect significant base-metals but did intersect a strong interval of solution breccias with semi- massive to massive pyrite (D. Pighin, personal communication).
Internet Mapping Framework
IM i map is a user generated static otfput from an Internet napping Me ana a tor general reference only Data M l ttut appear on th * nap may or may not be accurate, ounem or otherwise reliable, THIS MAP IS NOT TO ee .5E? cOR NA .IGATION
Map showing property outline in blue, regional location at top right
GEOLOGY
Geological mapping in the area has been completed most recently by Larson and Price (2003). The western margins of the property consist of Mesoproterozoic Belt-Purcell Supergroup, chiefly the carbonate rich Kitchener Formation and overlying basalts of the Nichol Creek Formation. These older rocks are thrust over younger Cambrian age Cranbrook Formation to the east which consists mostly of clean cross-bedded quartzites, this unit is overlain by argillite and shale of the Eager Formation. Cliff forming Jubliee Formation dolomites overlie the Eager in the northern part of the property at the Coronada showing, the conspicuous Tanglefoot Unit consisting of allodapic limestones and carbonate breccias conformably overlies the Eager and may be a deeper water facies change of the Jubilee, this unit also contains anomalous andesitic volcanic flows. The McKay Group overlies the Jubilee and Tanglefoot units and consists of a lower unit of recessive weathering shale and shaley limestone, the
El Tesoro, Rock Geochemistry Page 4
upper part consists of grey limestone and shales. The McKay Group also contains a succession of orange weathering intermediate to mafic carbonaceous volcanic agglomerates.
Structure in the area is dominated by the St. Mary-Boulder Creek Fault which controlled deposition of the Belt-Purcell Supergroup. This fault is nearly east-west trending and swings north in the area of the claim block becoming the Lussier fault. Numerous thrust faults and folds lend major complexities to the area.
Igneous rocks in the area consist of basaltic lavas of the Nichol Creek Formation, gabbro -diorite sills and dykes within the Belt-Purcell, mafic and andesitic flows in the Tanglefoot and McKay Formations, carbonate altered mafic dykes that may be related to the aforementioned volcanic events in the Cambrian, and Cretaceous granitic dykes, sills, and stocks related to the Bayonne magmatic event.
ROCK GEOCHEMISTRY
13 rock samples were collected during the program and analysed by Acme Labs in Vancouver for a 53 element analysis that included a check for rare earth elements and platinum/palladium. Gold was analyzed by both a fire assay fusion by ICP-ES and a 1:1:1 Aqua Regia digestion Ultratrace ICP-MS. A discrepancy was noted between the two techniques with the fire assay showing higher values by a significant margin. The test weight between the two methods also varied with the fire assay being a 30 gram sample and the Aqua Regia being a 15 gram sample. The fire assay values will be used in the report and this method should be adopted for future sampling. A map showing regional sample locations is on page 8, a detailed map with sample locations and gold plotted in ppb is on page 9. UTM locations, descriptions, and analysis are located in the Appendix.
Samples MK09-71 to 74 were collected from a carbonate altered volcanic breccia that contained large amounts of a green nickel-chromium mica (listwenite?). The assays returned anomalous values for Ni/Co/Cr, and one Pt value of 4 ppb. Gold values were < 2 ppb. MK09-75 was collected from dolomite with goethite fractures; it contained 33 ppb Au as well as elevated Zn, Ba, and Hg.
SK09-94 was taken from an old pit in the footwall of the Cambrian Unconformity. The sample was of quartz carbonate breccia with chalcopyrite and malachite staining, the breccia was greater than 15 meters wide. The sample contained 1832 ppm Cu. SK09-95 was collected from a piece of brecciated dolomite float with minor amounts of grey copper. It contained anomalous Sb and Hg. SK09-97 was collected from a coarse light grey weathering limestone with disseminated sphalerite. It assayed greater than 1% Zn. SK09-98 was taken from a goethite rich fracture zone and assayed 4541 ppm Zn. SK09-99 to 101 were collected from a quartz-carbonate-dolomite breccias that contained "splashy" pods of strong base metal mineralization. Mineralization was typically along north south fractures. These three samples contained anomalous Cu, Pb, Zn, Ag, As, Sb, Hg (up to 4637 ppb), Te, and Au (SK09-101, 246 ppb)
El Tesoro, Rock Geochemistry Page 5
CONCLUSIONS AND RECOMMENDATIONS
13 rock samples were collected from the Boulder Creek portion of the property. A number of the samples were taken from quartz-carbonate-dolomite breccias that had poddy base metal mineralization. The breccias can be of significant widths (>15 meters), strike length is impossible to determine because of heavy amounts of scree cover. These breccias are anomalous in a suite of elements, most importantly Au, Ag, Hg, Sb, and As. Strong elemental zonation exists on the project as evidenced by Ni, Cr rich volcanic breccias and disseminated sphalerite in coarse limestone beds.
The El Tesoro property covers an interesting area with unique geological features; structurally, as in the case of the St. Mary-Boulder Fault system wrench, as well as in unique stratigraphy and an abundance of Cretaceous intrusions. Coupled with these features are a number of historic poorly explored high grade showings at the Coronad, with numerous examples of widespread base metal and anomalous precious metal and pathfinder mineralization in excellent host rocks. Possible analogues for precious metal concentration in similar geological environments do exist and include the Howell Creek area in the Flathead Valley, southeast of Wildhorse Creek, as well as numerous deposits in Nevada that have similar geological and mineral features.
Further recommended work for the property includes more detailed rock geochemistry to help define zones of elevated pathfinder elements and precious metals that may be indicative of a Carlin- type mineralizing system.
STATEMENT OF COSTS
Mike Kennedy, Prospector 3 man days @$500/day (Vehicle inclusive) $1500
Sean Kennedy, Prospector 2 man days @ $350/day $700
Tyler Berry, Prospector 3 man days @ $200/day $600
Rock Sample Analysis 13 samples @ $24/sample $312.00
Freight $100.00
Report Writing/Drafting Sean Kennedy 2 days @$350/day $700
PAC $467.69
Total $4,429.69
STATEMENT OF QUALIFICATIONS
I, Sean Kennedy, certify that:
1. I am an independent prospector residing at 272 Kimbrook Crescent, Kimberley, BC.
2. I have been actively prospecting in the East Kootenay district of BC for the past 15 years
3. I have been employed as a professional prospector by junior mineral exploration companies.
4. I own and maintain mineral claims in BC.
msm^sssmmmmmmmaamBBammam El Tesoro, Rock Geochemistry Page 7
•>.
" . r A UOIII
1,5 km
CanMap®, DMTI Spatial and the DMTI Spatial logo are trademarks of DMTI Spatial Inc. Markham, Ontario. © Garmin Ltd. or its subsidiaries 1995-2004. ©2003 DMTI Spa
CanMap®. DMTI Spatial and the DMTI Spatial logo are trademarks of DMTI Spatial Inc., Markham. Ontario, © Garmin Ltd, or its subsidiaries 1995-2004. ©2003 DMTI Spa
APPENDIX
SAMPLE # UTME U T M N
SK09-94 607883 5505691
SK09-95 607914 5505794
SK09-96 608109 5505822
SK09-97 608197 5505852
SK09-98 608197 5505852
SK09-99 608720 5505807
SK09-100 608680 5505773
SK09-101 608680 5505773
Mk09-71 608691 5505840
Mk09-72 608706 5505852
Mk09-73
Mk09-74
Mk09-75
608717
608701
608708
5505860
5505873
5505798
DESCRIPTION
Qtz/carb bx in footwall of unconformity, old pit, Cpy, mal/az >15 m wide
Angular float of dolomite w/fracture and disseminated Cpy/tetrahedrite
Interbedded mudstone unit, rusty, malachite stain
Coarse light grey weathering limestone w/disseminated ZnS and ankerite
Goethite wad float
Float, listwenite in qtz carbonate breccia.
Float, listwenite in qtz carbonate breccia. Outcrop zone 1 metre of listwenite rich volcanic dike 20 degree trend and vertical,qtz, lim, py- Outcrop zone 1 metre of listwenite rich volcanic dike 20 degree trend and vertical,qtz, lim, py-
Subcrop zone of lim rich limestone dolostone.
El Tesoro, Rock Geochemistry Page 10
AcmeLabs 1020 Cordova St. East Vancouver BC V6A 4A3 Canada Phone (604) 253-3158 Fax (604) 253-1716
CERTIFICATE OF ANALYSIS
CLIENT JOB INFORMATIOI
www.acmelab.com
Client: Kootenay Gold Inc. Suite 960 - 1 0 5 5 W. Hastings St. Vancouver BC V6E 2E9 Canada
Submitted By: Email Distribution List
Receiving Lab: Canada-Vancouver
Page: ., o f 2
Code Description
Fire assay fusion Au by ICP-ES
1:1:1 Aqua Regia digestion Ultratrace ICP-MS analysis
Method Number of
Completed
Completed
Acme does not accept responsibility for samples left at the laboratory after 90
days without prior written instructions for sample storage or return.
Invoice To: Kootenay Gold Inc. Suite 960 -1055 W. Hastings St. Vancouver BC V6E 2E9 Canada
CC:
This report supersedes all previous preliminary and final reports with this file number dated prior to the date on this certificate. Signature indicates final approval: preliminary reports are unsigned and should be used for reference only. All results are considered the confidential property of the client. Acme assumes the liabilities for actual cost of analysis only. "*" asterisk indicates that an analytical result could not be provided due to unusually high levels of interference from other elements.
CERTIFICATE OF ANALYSIS
www.acmelab.com
Client:
Project:
Page:
Kootenay Gold Inc. Suite 960 -1055 W. Hastings St. Vancouver BC V6E 2E9 Canada
EL TESORO Jury 16, 2009
2 of 2 Part 1
VAN09002489.1 Method Analyte
1F16 As
ppm 0.1
1F16 U
ppm 0.1
1F1S Au
ppb 0.2
1F15 Th
ppm 0.1
1F16 Sr
ppm 0.6
1F16 Cd
ppm 0.01
1F15 Sb
ppm 0.02
1F16 Bi
ppm 0.02
1F15 V
PPm 2
MK09-71 Rock 0.53 <2 0.23 15.39 1.57 5.6 10 456.8 32.0 502 2.42 13.6 0.5 1.1 0.7 202.4 0.03 0.15 0.02 16 MK09-72 Rock 1.27 <2 0.36 7.90 9.65 9.4 7 272.6 18.0 608 3.41
2.67 2.93 2.66
4.2 10.0 2.2
26.69 6.50
33
0.26 0.13 8.82
0.08 0.13 0.05
20.59 0.03 11 SK09-94 Rock 0.88 <2 0.46 1832 3.39 17.8 1038 7.5 1.4 963 3.22 29.8 0.3
0.2 <0.2 4.8
0.38 63.44 0.16 3 SK09-95 Rock 0.72 5
<2 0.16 404.2 2.45 55.5 2473 6.5 1.4 763 2.81 39.3
0.3 0.2
<0.2 4.8
<0.1 <0.1
SK09-96 Rock 0.95 5
0.8 0.5
260 484
0.90 0.51
23.8 3.1
6.9 0.5
<0.2 <0.2
0.3 0.3
236.4 113.0
6.81 119.3
10.94 6.95
<0.02 <0.02
52 8 SK09-97 Rock 0.76 <2 0.69 13.98 22.14 >10000 256
10.2 2.5
0.8 0.5
260 484
0.90 0.51
23.8 3.1
6.9 0.5
<0.2 <0.2
0.3 0.3
236.4 113.0
6.81 119.3
10.94 6.95
<0.02 <0.02
52 8
7.22 0.08
68.7 14.8
4.6 0.2
0.8 2.6
0.3 <0.1
4.8 199.1
8.51 6.47
14.27 111.6
0.03 0.52
2 3
>40 1.39
68.7 14.8
4.6 0.2
0.8 2.6
0.3 <0.1
4.8 199.1
8.51 6.47
14.27 111.6
0.03 0.52
90 28
1765 4936
158.9 393.1
1.1 1.3
39.4 99.1
0.1 0.1
110.2 96.5
84.18 193.7
1346 >2000
3.34 5.97
1.46 1.08
1.47 1.40
158.9 393.1
1.1 1.3
39.4 99.1
0.1 0.1
110.2 96.5
84.18 193.7
1346 >2000
3.34 5.97
38 31
This report supersedes all previous preliminary and final reports with this file number dated prior to the date on this certificate. Signature indicates final approval; preliminary reports are unsigned and should be used for reference only.
CERTIFICATE OF ANALYSIS
Client:
Project:
Report Date:
Kootenay Gold Inc. Suite 960 -1055 W. Hastings St. Vancouver BC V6E 2E9 Canada
EL TESORO July 16, 2009
www.acmelab.com Page: 2 of 2 Part 2
VAN09002489.1 Method Analyte
1F15 Hg
ppb 5
1F15 Se
ppm 0.1
1F15 Te
ppm 0.02
1F15 Ga
ppm 0.1
1F15 Cs
ppm 0.02
MK09-71 MK09-72
Rock 14.88 0.042 8.5 203.8 6.77 42.7 <0.001 3 0.12 0.28
0.007 0.008 0.005 0.002 0.008
0.06 0.01 0.05
<0.02 <0.02 <0.02 <0.02
<0.1 0.1 0.6
0.10 0.3 0.37 MK09-71 MK09-72 Rock 13.94 0.018 3.1 286.6 6.37 15.1 <0.001 1
0.12 0.28
0.06 0.01 0.05
<0.02 <0.02 <0.02 <0.02
0.10 0.09
0.7 0.4
0.16 0.48 MK09-73 Rock 12.17 0.033 4.0 146.8 5.56 28.8 <0.001 <1
<1 2
0.06 0.01 0.05
<0.02 <0.02 <0.02 <0.02
<0.5
0.06 0.01 0.05
<0.02 <0.02 <0.02 <0.02
2.9 1.4
0.06 0.01 0.05
<0.02 <0.02 <0.02 <0.02
SK09-94 Rock 18.49 0.002
10.3 333.6
5.1 <0.001 <1 0.01 0.004 <0.01 <0.1 0.1 0.05 0.14 0.09 0.48
32 75 44
3.9
0.18 <0.1 0.03 SK09-95 Rock 19.49 <0.001 <0.5 0.6 10.92 5.4 <0.001 <1 0.01 0.003 <0.01 <0.1 <0.1 <0.02
0.14 0.09 0.48
32 75 44
3.9 0.16 <0.1 <0.02
SK09-96 Rock 31.89 0.006 9.0 2.1 0.25 28.7 <0.001 <1 0.07 0.003 0.01 <0.1 1.2 0.46
0.14 0.09 0.48
32 75 44
3.9 0.23 0.2 1.0
0.09 0.10 SK09-97 Rock 18.65 0.006 2.1 1.1 6.73 273.3 <0.001 <1 0.04 0.008 <0.01 <0.1 0.5 0.04 0.24 2401 1.2 0.15
0.2 1.0
0.09 0.10
1.0 0.8
3.4 0.9
0.11 10.28
190.3 21.7
<0.001 <0.001
<1 <1
0.08 0.02
0.028 0.002
1.0 0.8
3.4 0.9
0.11 10.28
190.3 21.7
<0.001 <0.001
<1 <1
0.08 0.02
10.87 0.002 0.003
13.9 28.9 9.23 1.6 0.05
This report supersedes all previous preliminary and final reports with this file number dated prior to the date on this certificate. Signature indicates final approval; preliminary reports are unsigned and should be used for reference only.
AcmeLabs 1020 Cordova St. East Vancouver BC V6A 4A3 Canada Phone (604) 253-3158 Fax (604) 253-1716
CERTIFICATE OF ANALYSIS
www.acmelab.com
Client:
Project:
Page:
Kootenay Gold Inc. Suite 960 -1055 W. Hastings St. Vancouver BC V6E 2E9 Canada
EL TESORO Jury 16, 2009
2 of 2 Part
Unit MDL
1F16 Ge
ppm 0.1
1F15 Hf
ppm 0.02
1F16 Nb
ppm 0.02
1F1S Rb
ppm 0.1
1F15 Sn
ppm 0.1
1F15 Ta
ppm 0.05
1F16 Zr
ppm 0.1
1F15 Y
ppm 0.01
1F15 Ce
ppm 0.1
1F1S In
ppm 0.02
1F1S Re
ppb 1
1F16 Be
ppm 0.1
1F15 Li
ppm 0.1
1F16 Pd
ppb 10
1F16 PI
ppb 2
MK09-71 Rock <0.1 <0.02 0.10 2.2 <0.1 <0.05 0.5 6.87 18.3 0.03 <1 0.2 2.3 <10 <2 MK09-72 Rock <0.1 <0.02 0.06 0.7 <0.1 <0.05 0.4 3.61 8.3 0.03 <1 <0.1 16.1 <10 <2
4 MK09-73 MK09-74
Rock <0.1 <0.02 0.04 1.8 <0.1 <0.05 0.4 2.44 9.1 <0.02 <1 0.3 3.8 <10 <2 4 MK09-73
MK09-74 Rock 0.1 <0.02 0.03 <0.1 <0.1 0.2
<0.05 <0.05
0.1 1.3
2.05 6.35
7.2 3.3
<0.02 <1 0.4 16.1 <10 <2 MK09-75 Rock <0.1 0.04
<0.02 <0.02
SK09-94 Rock <0.1 <0.1
0.1 - 0.1
0.1 <0.05 0.3 3.17 0.3 <0.02 <1 <0.1 1.0 <10 <2 SK09-95 Rock
<0.1 <0.1
10.9 0.03
0.03 0.9 0.4
SK09-97 Rock <0.1 <0.02 0.05 0.03
0.9 0.4
0.2 0.2
<0.05 <0.05
1.6 0.5 3.60 4.4 0.04 2 <0.1 1.4 <10 <2
SK09-98 Rock 2.7 <0.02 0.06 0.3 <0.1 <0.05 0.7 1.75 1.5 <0.02 6 <0.1 0.1 <10 <2 SK09-99 Rock <0.1 <0.02 0.03 0.1 0.2 <0.05 <0.1 2.67 2.1 0.07 <1 <0.1 1.3 <10 <2 SK09-100 Rock <0.1 <0.02 0.03 0.2 6.7 <0.05 0.2 1.85 1.0 0.45 <1 <0.1 1.2 <10 <2 SK09-101 Rock <0.1 <0.02 0.04 0.2 15.9 <0.05 0.2 1.94 0.9 1.01 <1 <0.1 0.9 <10 <2
This report supersedes all previous preliminary and final reports with this file number dated prior to the date on this certificate. Signature indicates final approval; preliminary reports are unsigned and should be used for reference only.