41I05SW SHAKESPEARE

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PFN l ProAm Property PFN l ProAm GRID

GOUGH Se SHIBANANING TWPS., NE ONTARIO REPORT ON

JVX SPECTRAL IP/RESISTIVITY A MAGNETOMETER SURVEYS

January 2002

PACIFIC NORTH WEST CAPITAL CORPORATION

^Tf^-W

JVX Ltd.

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REPORT ON

JVX SPECTRAL IP/RESISTIVITY (fe MAGNETOMETER SURVEYS

CONDUCTED ON THE PFN/ProAm PROPERTY

PFN/ProAm GRID

GOUGH A SHAKESPEARE TWPS, NORTHEASTERN ONTARIO NTS: 41 1/5

For: Pacific North West Capital Corporation 2303 41 st Avenue

Vancouver, British ColumbiaV6B 1V9 Tel: 800-671-0599

Attention: Mr. John Royall

And For: JB Exploration and Development 255 Ferndale Avenue

Sudbury, Ontario P3B 3C2 Tel: (705) 674-5888 Fax: (705) 674-5883

Attention: Mr. Scott Jobin-Bevans

By: JVX Ltd.

60 Wilmot Street West, Unit #22 Richmond Hill, Ontario L4B 1M6 Tel: (905)731-0972

Fax: (905)731-9312 Contact: John Gilliatt JVXRef: 1-31 January 28, 2002

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LIST OF FIGURES

Figure l: Location Map

Figure 2: Grid Location l Claim Map

LIST OF TABLES

Table l: Specifications for the PFN/ProAm Grid IP/Resistivity Survey ...2

Table 2: Specifications for the PFN/ProAm Grid Magnetometer Survey...2

Table 3: Production Summary for the PFN/ProAm Grid IP/Resistivity Survey...3

Table 4: Production Summary for the PFN/ProAm Grid Magnetometer Survey...4

Table 5: Summary of Exploration targets... 15

LIST OF APPENDICES Appendix A: Instrument Specification Sheets Appendix B: Plates

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LIST OF PLATES

PFN/ProAm GRID

Plate l: Compilation map, Scale l: 5000

Plate 2: Chargeability, Resistivity, Spectral M-IP and Tau Pseudosection, L800 W, Scale l: 2500

Plate 3: Chargeability, Resistivity, Spectral M-IP and Tau Pseudosection, L600 W, Scale 1: 2500

Plate 4: Chargeability, Resistivity, Spectral M-IP and Tau Pseudosection, L500 W, Scale l: 2500

Plate 5: Chargeability, Resistivity, Spectral M-IP and Tau Pseudosection, L400 W, Scale 1:2500

Plate 6: Chargeability, Resistivity, Spectral M-IP and Tau Pseudosection, L200 W, Scale 1: 2500

Plate 7: Chargeability, Resistivity, Spectral M-IP and Tau Pseudosection, LI00 W, Scale 1:2500

Plate 8: Chargeability, Resistivity, Spectral M-IP and Tau Pseudosection, LO, Scale 1:2500

Plate 9: Chargeability, Resistivity, Spectral M-IP and Tau Pseudosection, LI00 E, Scale 1: 2500

Plate 10: Chargeability, Resistivity, Spectral M-IP and Tau Pseudosection, L300 E, Scale 1:2500

Plate 18: Chargeability, Resistivity, Spectral M-IP and Tau Pseudosection, LI 100 E, Scale 1:2500

Plate 19: Chargeability, Resistivity, Spectral M-IP and Tau Pseudosection, LI 200 E, Scale 1:2500

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Plate 26: Chargeability (M7,11=2) Plan Map, Scale l: 5000 Plate 27: Resistivity (0=2) Plan Map, Scale l: 5000

Plate 28: Total Field Magnetics Plan Map, Scale l: 5000

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1. INTRODUCTION

JVX Ltd. conducted Time-Domain Spectral Induced Polarization (IP)TResistivity from December 7 to 10, 2001 and January 7 to 16, 2002 (IP-Res), and from January 17 to 19, 2002 (magnetics) on the PFN/ProAm Property, PFN/ProAm Grid, on behalf of Pacific North West Capital Corporation. The PFN/ProAm Grid is located approximately 60 km west of Sudbury (N.T.S. 41 1/5). The property is accessible by travelling north from Hwy. 17 at Webbwood. An all-weather forestry road passes within l km of the western edge of the grid. An ATV trail provides direct access to the grid from the forestry road.

The property location map is shown in Figure l and the grid/claim location map is shown in Figure 2.

The purpose of these surveys was to map disseminated sulphides associated with platinum group metals (PGM) mineralization within the Agnew Lake Intrusive complex.

The Agnew Lake Intrusion is one of several complexes associated with the East Bull Lake Suite occurring along the Superior province-Southern Province boundary in central Ontario. Anomalous PGM mineralization has been discovered along the basal contact of the Agnew Lake intrusion with the surrounding granitic rocks of the Ramsey-Algoma Granitoid Suite.

The portion of the PFN/ProAm Grid, covered by the present survey, includes the following claims:

1229998 1229999 1236174

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LOCATION MAP

PACIFIC NORTH WEST CAPITAL CORP.

PFN l ProAm PROPERTY PFN l ProAm Grid

Gough (fe Shakespeare Twps., NE Ontario

NTS 41 1/5

GROUND GEOPHYSICAL SURVEY

Scale: l : 1,600,000 Survey by JVX Ltd.

November, 2001

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i i i i i i

H . * - - *

Survey by MX Ltd.

GRID 7 CLAIM MAP

PACIFIC NOFITH WEST CAPITAL CORP.

PFN/ProAm PROPERTY

PFN/ProAm GRID Qoogh 4 Shakespeare Twps., NE Ontario

NTS 411/5

GROUND GEOPHYSICAL SURVEY

200 400m

-N-

Figurg 2

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2. SURVEY SPECIFICATIONS and PRODUCTION SUMMARY

IP/RESISTIVITY Transmitter

Receiver Transmit Cycle Time

Receive Cycle Time Number of Potential Electrode Pairs

Electrode Spacing Station Spacing Number of Lines Surveyed

Survey Coverage

Scintrex IPC-7/2.5 kW ScintrexIPR-12

2 sec 2 sec 6 25m 25m 24 15350m

Table l: Specifications for the PFN/ProAm Grid IP/Resistivity Survey

MAGNETICS Instrument

Sensor Type Station Spacing Number of Lines Surveyed

Survey Coverage

Scintrex Envimag Proton Precession

12.5m 25 lines 20 625 m

Table 2: Specifications for the PFN/ProAm Grid Magnetometer Survey

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IP/RESISTIVITY - PFN/ProAm GRID Line

800 W 600 W 500 W 400 W 200 W 100 W OE 100 E 300 E 400 E 500 E 600 E 700 E 800 E 900 E 1000 E 1100 E 1200 E 1300 E 1400 E 1500 E 1600 E 1700 E 1800 E Total

Survey Configuration

25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles 25 m dipoles

From Station 5+50 S 5+25 S 4+50 S 0+50 S 1+00 S 1+75 S 3+00 S 3+00 S 2+75 S 3+00 S 3+00 S 2+00 S 2+00 S 2+00 S 2+00 S 2+00 S 1+00 N 0+00 0+00 0+00 0+00 1+00 S 2+00 S 2+00 S

To Station 0+75 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 2+25 N 3+50 N 3+50 N 5+00 N 5+00 N 5+00 N 5+00 N

Distance (m) 625 1025

950 550 600 675 800 800 775 800 800 700 700 700 700 700 400 225 350 350 500 600 700 700 15725

No. of Readings

19 35 32 16 18 21 26 26 25 26 26 22 22 22 22 22 10 3 8 8 14 18 22 22 485

Table 3: Production Summary for the PFN/ProAm Grid IP/Resistivity Survey

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MAGNETICS - PFN/ProAm GRID Line

800 W 700 W 600 W 500 W 400 W 300 W 200 W 100 W OE 100 E 200 E 300 E 400 E 500 E 600 E 700 E 800 E 900 E 1000 E 1100 E 1200 E 1300 E 1400 E 1500 E 1600 E 1700 E 1800 E BLO Total

From Station 5+25 S 6+25 S 5+00 S 5+00 S 0+75 S 0+75 S 1+00 S 1+75 S 3+00 S 3+00 S 0+00 2+75 S 2+75 S 3+00 S 2+00 S 2+00 S 2+00 S 2+00 S 2+00 S 2+00 S 0+00 0+00 0+00 0+00 2+00 S 2+00 S 2+00 S 8+00 W

To Station 0+75 N 0+00 5+00 N 5+00 N 5+00 N 3+50 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+00 N 5+25 N 5+00 N 5+00 N 5+00 N 5+00 N 2+25 N 3+50 N 3+50 N 5+50 N 6+00 N 6+25 N 5+50 N 18+00 E

Distance (m) 600 625 1000 1000 575 425 600 675 800 800 500 775 775 800 700 725 700 700 700 700 225 350 350 550 800 825 750 2600 20625

No. of Readings

48 50 80 80 46 34 48 54 64 64 41 62 60 62 56 58 56 56 56 56 18 28 28 44 64 66 60 209 1648

Table 4: Production Summary for the PFN/ProAm Grid Magnetometer Survey

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3. PERSONNEL

Ted Lang (Senior Geophysical Technician, Party Chief)

Mr. Lang acted as Party Chief from December 7 through 22, 2001 and was responsible for day-to-day field operations and overall data quality. He also generated preliminary field pseudosections of the IP/resistivity data.

Tim Charlebois/Chris Flowers/Walter Newell/Bill Dillabough (Geophysical Assistants) These gentlemen assisted Mr. Lang & Mr. Hume with the day-to-day field operations.

Gord Hume (Senior Geophysical Technician)

Mr. Hume conducted the magnetometer surveys. Mr. Hume also acted as Party Chief and operated the IP receiver from January 7 to 19, 2002.

Dagmar Piska *fe Vaso Lymberis (Draftspersons)

Ms. Piska and Ms. Lymberis assisted with the plots, carried out drafting on the figures/plates and assembled this report.

John Gilliatt (Geophysicist)

Mr. Gilliatt processed and plotted the IP/resistivity and magnetics data. He also prepared this report.

Blaine Webster (President):

Mr. Webster provided overall supervision of the survey.

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4. FIELD INSTRUMENTATION

JVX supplied the geophysical instruments specified in Appendix A.

4.1 IP Transmitter

The Scintrex IPC-7/2.5 kW Time Domain Transmitter powered by an eight-horsepower motor generator was used. The transmitter generates square wave current output with a period of 2, 4, 8, or 16 seconds. Stabilization circuitry ensures that the output current is automatically controlled to within IG.1% for up to 5007o external load or 1007o input voltage variations. Voltage, current and circuit resistance are presented on both analog and digital displays.

4.2 IP Receiver

The Scintrex IPR-12 Time Domain Receiver was used. This unit samples the voltage decay curve as measured by the potential electrodes at ten points hi tune. Readings are repeated until they converge to within a tolerance level, and the data are stored hi solid-state memory.

4.2.1 Pole-Dipole "Special Penetrating Array"

The pole-dipole survey configuration was used. Typically this array consists of as many as 9 mobile electrodes: one current electrode Ci and as many as eight potential

electrodes(Pi to Pg connected to the receiver by means of the "Snake"). The infinity current location C2 was maintained at a large distance from the grid.

The potential electrodes consisted of stainless steel rods.

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4.3 Magnetometers

Scintrex ENVIMAG proton precession magnetometer was used to measure the total magnetics over the grid.

Magnetic data were collected at 12.5-m intervals along gridlines.

A base station was also employed to monitor the diurnal variations in the earth's magnetic field.

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5. DATA PROCESSING 5.1 IP/Resistivity

After being transferred to a field computer at the end of each survey day, the data were examined, corrected, and organized by the instrument operator. Initial results were plotted on a

* FUJITSU DL 2400 dot-matrix printer

These plots were used to monitor progress and data quality, and were provided to the Client's field representative on a regular basis.

The data were sent by courier or e-mail to the head office of JVX in Richmond Hill, Ontario. They were processed and results were plotted on the following printers as was necessary:

* HEWLETT PACKARD DESIGNJET 75 OC 36 inch colour plotter

* MINOLTA Laser printer

The processing procedure is outlined below:

1) JVX in-house software was used to spatially reference the time-domain data.

Spectral tau and M-IP were calculated - in addition to chargeability and apparent resistivity. The spectral parameters describe the shape of the IP decay curve, giving information about:

* the grain size (indicated by the parameter tau),

* the magnitude of the chargeable source (indicated by M-IP),

* the variability of grain size (indicated by c).

The spectral parameters were calculated internally in the IPR-12 and with JVX software. This software works on IPR-1 1 format data and it also varies the spectral value c, whereas the IPR-12 circuitry uses a fixed value for c. JVX' s extensive experience with this process provides more reliable interpretative results. In-house software was used to convert the time slices from IPR-12 windows to IPR-1 1 windows. The MO slice was extrapolated based on the approximate straight-line character of the Log-Lin decay curve. This estimation proved satisfactory for our purposes, based on sensitivity analyses done on a test data sample.

2) The GEOSOFT IP Package was used to generate colour and black and white pseudosections of chargeability and resistivity data.

3) Plan maps of both chargeability and resistivity data were produced using JVX in- house software and the GEOSOFT MAPPING Package. Additional drafting on these maps was done through AutoCAD.

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5.2 Magnetics

1) Plan maps of the magnetic data were produced using the GEOSOFT Mapping package.

6. INTERPRETATION METHODOLOGY

JVX uses its many years of experience in geophysical interpretation to extract the most accurate information from the data. The procedures involved are simplified for the sake of clarity.

6.1 IP /Resisitivity

The IP and resistivity data are interpreted using the following procedure:

1) Chargeability anomalies are picked on the pseudosections and classified using the following scheme as a guide:

Very Strong (? 30 mV/V) and well defined Strong (20 to 30 mV/V) and well defined Moderate (10 to 20 mV/V) and well defined Weak (5 to 10 mV/V) and well defined Very Weak (3 to 5 mV/V) and poorly defined x x x x Extremely Weak ^3 mV/V) and very poorly defined

The peak of the anomaly provides a qualitative indication of the depth to the top of the anomalous source and the location of the centre of the body. Where possible, the location and dipole number of the peak are written beside the anomaly bar.

2) The spectral characteristics of the anomalies are examined. The peak value of M- IP is noted, and tan is classified according to the following scheme:

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IPR-12/JVX Scheme:

L Long^lOs)

M Medium (Q. 5 s to 10s) S Short ^ 0.5 s)

3) Resistivity anomalies are picked on the pseudosections and classified using the following scheme as a guide:

no symbol VH(n) Very High (^ 25 000 ohm m) highly silicified no symbol H(n) High (^ 10 000 ohm m) probably silicified no symbol WH(n) Weak High (^ 10 000 ohm m) relative increase

compared to surrounding material SL(w) Strong Low — strong decrease in resistivity ML(n) Medium Low — medium decrease in resistivity WL(rt) Weak Low — weak resistivity decrease relative to surrounding material, where n is the dipole number at which the anomaly peak is located.

4) The anomalies from steps l to 3 are marked on the Compilation Map.

5) Zones of high chargeability are interpreted based on resistivity and geometric information.

6) The anomalies are rated according to JVX's past experience.

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7. GEOLOGIC SETTING

The PFN/Pro Am Grid is located along the southwestern boundary of the Agnew Lake Intrusive complex. The Agnew intrusion is composed of three rock series: The Upper Series, Main Series and Marginal Series. Target mineralization is primarily located within the Marginal Leucogabbronorite Zone of the Marginal Series. Rocks within this zone are further sub-divided into Nodular, Mottled and Varitextured units. Sulphide mineralization that is located within the Varitextured unit is given the highest priority for potentially hosting economic mineralization.

In the area of the present survey, the varitextured unit (indicated as Unit 4a on the Compilation Map, Plate 1) extends from the baseline on the east boundary of the grid westward to approximately line 200E.

A more detailed geologic discussion is given in PNWCC report: "Summary: Phase I Surface Exploration Program", Dec. 13, 2000.

8. DISCUSSION OF RESULTS

Results of the geophysical surveys have been plotted as described in the previous section and are included in Appendix B of this report. Anomalous geophysical zones and trends have been identified and transferred to a compilation map.

8.1 PFN/ProAm Grid

A total of eleven (l 1) IP zones have been identified. The IP zones are generally weak with a few moderate to strong sources. Background resistivities are elevated with eight (8) high resistivity zones (X20,000 ohm-m) outlined on the compilation map. Many of the high resistivity zones are "V-shaped in the pseudosection presentation and are indicative of moderate to severe topographic relief.

Five (5) exploration targets have been selected. The highest priority target (T-5) is located within the IP chargeability zone IP-7.

Magnetic relief is low to moderate with a total of four (4) magnetic high trends identified.

These trends occur in the central and eastern portion of the grid. Peak magnetic responses within these zones are rarely more than a few hundred nanoteslas above background levels.

Structure - Two (2) northeast-southwest trending faults (F-1 and F-2) have been identified mainly from the resistivity data.

A discussion of the IP chargeability zones follows:

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IP-1 Si IP-2 - Both of these zones occur in the northwest section of the grid. They are weak and poorly defined as they occur at the northern limit of the survey lines. Extension of the survey lines northward would be required to properly evaluate these trends. The portion of the grid is underlain by units of the Upper Series of the Agnew Lake complex and therefore would represent a low priority for follow-up.

IP-3 - IP-3 is a weak, narrow, two-line anomaly that could represent the southeastern extension of IP-2. It is best defined on line 200E where it is coincident with a relatively weak resistivity low within a high resistivity background. The MIP values are low and the Spectral Tau is short suggesting that only a minor concentration of fine-grained mineralization is likely to be present. The zone does not appear to be associated with favourable geology and a follow-up should be considered only on a low priority basis.

IP-4 - IP-4 is a weak to moderate zone observed near the at north end of lines 300E and 400E. On line 300E the zone is weak an associated with a weak, poorly defined,

resistivity low. On line 400E, the zone is stronger with moderate MIP. Spectral Tau is long suggesting the presence of coarse-grained mineralization. In addition, the Spectral

"c" value is low (0.1) indicating there is likely a mixture of both fine and coarse grained sulphides. The chargeable source on line 400E represents a moderate priority target. The target does not appear to be associated with favourable geology. Additional prospecting is warranted to confirm the geological setting before drilling.

Anomaly targeting:

T-5: Moderate priority: LJOOE/Stn 325N

IP-5 - This zone is not well defined and extending survey lines 500E and 600E northward is necessary for proper evaluation.

IP-6 - This is a weak IP zone associated with low MIP values and short Tau. It coincides with a weak resistivity low within the resistvity high (RH-2). Follow-up prospecting should be considered only if geology is favourable.

IP-7 - IP-7 represents the most extensive IP zone on the grid extending from 200W eastwards to the southwest edge of a lake on 11 GOE. This zone parallels the Agnew Lake intrusion boundary and on a line-to-line basis consists of as many as three (3) closely- spaced weak to moderate chargeable sources. The zone is generally associated with relatively weak resistvity lows within broad zones of high resistivities ^20000 ohm-m).

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Low to moderate MIP values are observed with variable Tau. In the western section, the zone is located between two very high resistivity zones (RH-2 and RH-3). The zone appears to occur within the upper unit of the Main Series and east of l GOE the zone occurs at the contact of the Main Series with the varitextured leucogabrronorite of the Marginal Series. One high priority target and two moderate targets have been identified on lines l GOE, 600E and 1000E respectively. The zone on l GOE has been rated as high priority for follow-up as could represent a broad chargeable zone. IP inversion could confirm the geometry of the zone should be considered prior to drilling. Prospecting should also be considered to determine if the varitextured unit of the Marginal series extends west of 200E.

T-l: High priority: LlOOE/Stn 75N

T-2: Moderate priority: LdOOE/Stn 112.5N T-3: Moderate priority: LIOOE/Stn 187.5N

IP-8 - IP-8 extends from Line O to 700E near the southern boundary of the grid and in close proiximity to the Agnew Lake intrusive contact. Chargeable sources are weak and coincide with the south edge of RH-3. Sepctral MIP values are generally low suggesting that the chargeabilities are responding to the high resistivities and not to mineralization.

IP-9 - IP-9 extends from 1200E to 1700E and remains open to the east. This zone could represent the eastern extension of IP-7 disrupted by F-l west of line 1200E. The zone is weak except on line 1800E where it exhibits a moderate response. An exploration target has been identified on line 1700E where the zone coincides with a narrow resistivity low.

Prospecting should be completed prior to drilling. Favourable results could warrant extending the survey lines eastward.

T-4: Moderate priority: LHOOE/Stn 137.5N

IP-10 - This zone is parallel and immediately to the south of IP-9. At the eastern end, on lines 1600E and 1800E the zone is weak and coincides with the northern edge of RH-7.

RH-7 is coincident with a topographic high. West of 1600E the zone is not well defined and may merge with IP-9 west of line 1200E. The zone occurs along the Agnew Lake Intrusion contact and therefore follow-up prospecting should be considered.

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IP-11 - This zone is located in the southeast corner of the grid, south of IP-10. It occurs along the southern edge of RH-7. The strongest chargeability response occurs on line

1600E associated with moderate MIP and long Tau. Prospecting should be conducted on line 1600E. Prospecting could be extended eastwards if results are favourable.

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9. SUMMARY AND RECOMMENDATIONS

Several chargeability zones have been outlined by the IP/Resistivity surveys. Five exploration targets have been identified within the IP zones IP-4, IP-7 and IP-9. Four of of the targets exhibit a strong correlation with the varitextured unit of the Marginal series of the Agnew Lake Intrusive Complex. This unit is considered the highest potential for hosting anomalous PGM mineralization. All the targets should be followed-up by prospecting before drilling. In addition, due to the rugged topography, IP inversions should be conducted on the IP/res data over all the targets including the high priority target T-l. These results should provide an indication of the shape/size of the target and can be used for drillhole positioning.

A summary of the exploration targets is provided below:

TARGET T-l

T-2 T-3 T-4

T-S

LOCATION L100E/75N

L600E/112.5N L100E/187.5N L1700E/137.5N

L400E/325N

PRIORITY High

Moderate Moderate Moderate

Moderate

COMMENTS

Broad weak MX. With Weak res.

Low. Near Main/Marginal series contact

Weak MX. with weak res. Low.

At Main/Marginal series contact Weak MX. Within veritextured unit of Marginal Series

Weak MX. Coincident with res.

Low. Within veritextured units of Marginal Series

Moderate MX. With weak res.

Low. Within Upper Series units Table 5: Summary of Exploration targets

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If there are questions with regards to the surveys or this report please call the undersigned.

Respectfully submitted, JVX Ltd.

John Gilliatt Senior Geophysics

Slaine Webster President

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-Y/9 J^LAA/ Induced Polarization //^..or\VV and Commutated DC

Resistivity Transmitter System

Function

The IPC-7/2.5 kW is a medium power transmitter system designed for time do main induced polarization or commutated DC resistivity work. It is the standard power transmitting system used on most surveys under a wide variety of geophysical, topographical and climatic conditions.

The system consists of three modules: A Transmitter Console containing a transformer and electronics, a Motor Generator and a Dummy Load mounted in the Transmitter Console cover The purpose of the Dummy Load is to accept the Motor Generator output during those parts of the cycle when current is not transmitted into the ground, in order to improve power out put and prolong engine life.

The favourable power-weight ratio and com pact design of this system make it portable and highly versatile for use with a wide variety of electrode arrays.

Features

Maximum motor generator output, 2.5 kW;

maximum power output, 1.85 kW; maximum current output, 10 amperes; maximum voltage output, 1210 volts DC.

Removable circuit boards for ease in servic ing.

Automatic on-off and polarity cycling with selectable cycling rates so that the op timum pulse time (frequency) can be selected for each survey.

The overload protection circuit protects the instrument from damage in case of an overload or short in the current dipole cir cuit.

The open loop circuit protects workers by automatically cutting off the high voltage in case of a break in the current dipole circuit.

Both the primary and secondary of the transformer are switch selectable for power matching to the ground load. This ensures maximum power efficiency.

The built-in ohmmeter is used for checking the external circuit resistance to ensure that the current dipole circuit is grounded properly before the high voltage is turned on. This is a safety feature and also allows the operator to select the proper output voltage required to give an adequate current for a proper signal at the receiver.

The programmer is crystal controlled for the very high stability required for broadband (spectral) induced polarization

measurements using the Scintrex IPR-11 Broadband Time Domain Receiver

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Specifications

Inputs

1 to 8 dipoles are measured simultaneously.

Input Impedance 16 Megohms SP Bucking

10 volt range. Automatic linear correction operating on a cycle by cycle basis.

Input Voltage (Vp) Range 50 uvolt to 14 volt

Chargeability (M) Range O to 300millivolt

Tau Range

1 millisecond to 1000 seconds Reading Resolution of Vp, SP and M Vp, 10 microvolt; SP, 1 millivolt; M, 0.01 millivolt/volt

Absolute Accuracy of Vp, SP and M Better than 1 0Xo

Common Mode Rejection At input more than 10Odb Vp Integration Time

100Xo to 800Xo of the current on time.

IP Transient Program

Total measuring time keyboard selectable at 1, 2, 4, 8, 16 or 32 seconds. Normally 14 windows except that the first four are not measured on the 1 second timing, the first three are not measured on the 2 sec ond timing and the first is not measured on the 4 second timing. (See diagram on page 2.) An additional transient slice of minimum 10 ms width, and 10ms steps, with delay of at least 40 ms is keyboard selectable.

Transmitter Timing

Equal on and off times with polarity change each half cycle. On/off times of 1, 2, 4, 8, 16 or 32 seconds. Timing accuracy of 100 ppm or better is required.

External Circuit Test

All dipoles are measured individually in sequence, using a 10 Hz square wave.

The range is O to 2 Mohm with O.lkohm resolution. Circuit resistances are dis played and recorded.

Synchronization

Self synchronization on the signal received at a keyboard selectable dipole. Limited to avoid mistriggering.

Filtering

RF filter, 10 Hz 6 pole low pass filter, sta tistical noise spike removal.

Internal Test Generator

1200 mV of SP; 807 mV of Vp and 30.28 mV/V of M.

Analog Meter

For monitoring input signals; switchable to any dipole via keyboard.

Keyboard

17 key keypad with direct one key access to the most frequently used functions.

Display

16 lines by 42 characters, 128 x 256 dots, Backlit Liquid Crystal Display. Displays instrument status and data during and after reading. Alphanumeric and graphic dis plays.

Display Heater

Available for below -15'C operation.

Memory Capacity

Stores approximately 400 dipoles of infor mation when 8 dipoles are measured simultaneously.

Real Time Clock

Data is recorded with year, month, day, hour, minute and second.

Digital Data Output

Formatted serial data output for printer and PC etc. Data output in 7 or 8 bit ASCII, one start, one stop bit, no parity format.

Baud rate is keyboard selectable for stan dard rates between 300 baud and 51.6 kBaud. Selectable carriage return delay to accommodate slow peripherals. Hand shaking is done by X-on/X-off.

Standard Rechargeable Batteries Eight rechargeable Ni-Cad D cells.

Supplied with a charger, suitable for 110/230V, 50 to 60 Hz, 10W. More than 20 hours service at -n25'C, more than 8 hours at -30'C.

Ancillary Rechargeable Batteries An additional eight rechargeable Ni-Cad D cells may be installed in the console along with the Standard Rechargeable Batteries Used to power the Display Heater or as back up power. Supplied with a second charger. More than 6 hours service at -30'C.

Use of Non-Rechargeable Batteries Can be powered by D size Alkaline batter ies, but rechargeable batteries are recom mended for longer life and lower cost over time.

Operating Temperature Range -30"C to H-50'C

Storage Temperature Range -30'C to -f 50'C

Dimensions

Consote:355 x 270 x 165 mm Charger: 120 x 95 x 55mm

Weights Console: 5.8 kg

Standard or Ancillary Rechargeable Batteries: 1.3 kg

Charger: 1.1 kg

Transmitters available IPC-9 200 W TSQ-2E 750 W TSQ-3 3 kW

TSQ-4 10kW

In Canada 222 Snidercroft Rd.

Concord, Ontario Canada, L4K IBS In the U.S.A.

85 River Rock Drive Unit # 202

Buffalo, N.Y.

U.S.A. 14207 l PR-12/94

Tel: (905) 669-2280 Fax: (905) 669-6403 Telex: (905) 06-964570

Tel.:

Fax:

(716)298-1219 (716)298-1317

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ENVI GEOPHYSICALSXSIEMi

Total Field Operating Range 20,000 lo 100,000 nT (gammas)

Total Field Absolute Accuracy:

1 nT

Sensitivity:

0. l nT at 2 second sampling rate Tuning

Fully solid state. Manual or automatic keyboard selectable Cycling (Reading) Rates

0.5, l or 2 second sensor, 172m (20 inch) staff extender and processor module

Gradiometer Option

Includes a second sensor, If2m (20 inch) staff extender and processor module

VLF Option

Includes a VLF sensor and harness assembly

'WALKMAG' Mode

0.5 seconds for walking surveys, variable rates for hilly terrain

Digital Display

LCD 'Super Twist', 240 x 64 dots graphics, 8 line x 40 characters alphanumeric

Display Heater

Thermostatically controlled, for cold weather operations Keyboard Input

17 keys, dual function, membrane type

Notebook Function

32 characters, 5 user-defined MACRO'S for quick entry Standard Memory

Total Field Measurements: 28,000 readings Gradiometer Measurements: 21,000 readings Base Station Measurements: 151,000 readings VLF Measurements: 4,500 readings for 3 frequencies

Expanded Memory

Total Field Measurements: 140,000 readings Gradiometer Measurements: 109,000 readings Base Station Measurements: 750,000 readings VLF Measurements: 24,000 readings for 3 frequencies Real-Time Clock

Records full date, hours, minutes and seconds with l second resolution, ±1 second stability over 24 hours

Digital Data Output

RS-232C interface, 600 to 57,600 Baud, 7 or 8 data bits, l start.

l stop bit, no parity format. Selectable carriage return delay

(0-999 nis) 'o accommodate slow peripherals. Handshaking is done by X-on/X-off. High speed Binary Dump

Analog Output

0-999 mV full scale output voltage with keyboard selectable range of l, 10, 100, 1000 or 10,000 full scale

Power Supply

Rechargeable 'Camcorder' type, 2.3 Ah, Lead-acid battery 12 Volts at 0.65 Amp for magnetometer, 1.2 Amp for gradiometer External 12 Volt input for base station operations

Optional external battery pouch for cold weather operations Battery Charger

110 Volt-230 Volt, 50/60 Hz

Operating Temperature Range Standard: -40* to 60'C

Dimensions & Weight

Console: 250mm x 152mm x 55mm 10" x 6" x 2.25"

2.45 kg (5.4 Ibs) with rechargeable battery T.F. sensor: 70mm x 175mm

2.75"dx7"

l kg (2.2 Ibs) (sensor) Gradiometer sensor

and staff extender. 70mm x 675mm 2.75"dx26.5"

1.15 kg (2.5 Ibs) (sensor) T.F. staff: 25mm x 2m

I"dx76"

.8 kg (1.75 Ibs) VLF sensor Head: 140mm x 130mm

5.5"dx5-l"

9kg (2 Ibs) VLF Electronics

Module: 280mm x 190mm x 75mm

H" x 7.5" x 3"

1.7kg (3.7 Ibs)

SC1MTREX

Head Office

222 Snidercroft Road, Concord, Ontario, Canada L4K. 1B5

Tel.: (905) 669-2280 - Fax: (905) 669-6403 - Telex: 06-964570 In the U.S.A.

525 Fort Worth Drive, Suite 216, Denton, Texas U.S.A. 76201 Tel.: (817) 591-7755 - Fax:(817)591-1968

In Australia

1031 Wellington St., West Perth, West Australia 6005 Tel.: (619) 321-6934 - Fax: (6l9) 481-1201

(29)

(30)

ONTARIO

MINISTRY OF NORTHERN DEVELOPMENT AND MINES

Work Report Summary

Transaction No: W0270.00156 Status:

Recording Date: 2002-JAN-29 Work Done from:

Approval Date: 2002-JAN-30 to:

Client(s):

109716 BOND, JAMES EDWARD

304255 NEW MILLENNIUM METALS CORPORATION Survey Type(s):

IP LC

APPROVED 2001-DEC-07 2002-JAN-19

MAG Work Report Details:

Claim*

S S S S S

1229998 1229999 1230000 1236169 1236174

Perform S8,950 S17,900 SO 33,580 35,370 135,800

Perform Approve

38,950 317,900 30 33,580 35,370 335,800

Applied 39,600 312,800 310,400 SO SO 332,800

Applied Approve 59,600 312,800 310,400 30 30 332,800

Assign

S2,

33, S5, 311,

so

100

so

580 370 050

Assign Approve

0 2,100 0 3,580 5,370 511,050

Reserve SO 33,000 SO 30 SO 33,000

Reserve Approve

SO 33,000 SO 50 30 33,000

Due Date 2003-OCT-30 2003-OCT-30 2003-OCT-30 2003-MAR-05 2003-MAR-05

Status of claim is based on information currently on record.

41I05SW2008 2.22850 SHAKESPEARE 900

2002-Feb-21 15:34 Armstrong-d Page 1 of 1

(31)

Date:2002-FEB-19

GEOSCIENCE ASSESSMENT OFFICE 933 RAMSEY LAKE ROAD, 6th FLOOR SUDBURY, ONTARIO

P3E6B5

JAMES EDWARD BOND P.O.BOX. 948

WELCH, WEST VIRGINIA 24801 UNITED STATES

Tel: (888)415-9845 Fax:(877)670-1555

Dear Sir or Madam

Submission Number: 2.22850 Transaction Number(s): W0270.00156

Subject: Approval of Assessment Work

We have approved your Assessment Work Submission with the above noted Transaction Number(s). The attached Work Report Summary indicates the results of the approval.

At the discretion of the Ministry, the assessment work performed on the mining lands noted in this work report may be subject to inspection and/or investigation at any time.

If you have any question regarding this correspondence, please contact STEVEN BENETEAU by email at [email protected] or by phone at (705) 670-5855.

Yours Sincerely,

Ron Gashinski

Senior Manager, Mining Lands Section Cc: Resident Geologist

James Edward Bond (Claim Holder)

New Millennium Metals Corporation (Claim Holder)

Assessment File Library James Edward Bond (Assessment Office)

Visit our website at http://www.gov.on.ca/MNDM/LANDS/mlsmnpge.htm Page: 1 Correspondence 10:16879

(32)

NORTHERN D EVE LOPWf HI M HriL5

MINING LAND TENURE MAP

oUl DI

10 O

O O

G snera l Inform atto rand L Im ftatio rts

Date /Timo of Issue Jan 17 2002

TOWNSHIP l AREA GOUGH

08:321) Eastern

PLAN 3-2889

i ADMINISTRATIVE DISTRICTS l DIVISIONS

' Mining Division Sudbury

Land Tittas/Regtstry Division SUDBURY

! Ministry of Natural Resources District SUDBURY

TOPOGRAPHIC LAND TENURE

FivrtoM PrinH

p

. Cj;,,.^ Avahvt^ia

m m

LAND TENURE WITHDRAWALS

|j :'i!|iij|:fl IMPORTANT NOTICES

j LAND TENURE WITHDRAWAL DESCRIPTIONS

WU FJ11WT Wh WU-CHWf WU.L f ill in

WM1 Hw 11 It** lw. 31 W-LL-CmiM WT 1Zffi*l Mil

WMfl Cct2a2M1 QtUMriDBWMlFHMttOMirvflDMRAHIVT

11m KoviJMM HlimiilliiilanHilllMinMlIidknXitOffinhltalltolinM*

g |i(ApH*tm

IMPORTANT NOTICES

(33)

oo

CD

w lo ffi

Ul

o

m DI

10 H O

10:SBh Eastern

PLAN O-3001

Date/Time of Issue Jan172002

TOWNSHIP l AREA SHAKESPEARE

ADMINISTRATIVE DISTRICTS ; DIVISIONS

Mining Division Sudbury

Lund Title s( Reg Is try Dlvitio.l SUDBURY Ministry ci Natural Resources District SUDBURY

;|i. ij!lf)jji ;t3S*|# :-|3S*ll* H **M*f :;ij|j

j,) .iJi-iS; '::;: ::\: M; ', :'::i-.ia:; i : ,,i:'M' : .}Siu

*. n r.

LAND TENURE WITHDRAWALS

LAND TENURE WITHDRAWAL.DESCRIPTIONS

Jah 1 Ml W.|).LJI.N01*MILE 014 HIHF*CE HHiHlt OH 4 1MB IE C 14W.LL4 111CDOMT OCT. UjQOMif

MH nr'acx righMiriihriMiwi' ftpctlnn w 41 OH1 How ^ l. 30*1 Holt: ttiM ba

Th*M wlitilnBksirtFrakiilflgclQlm***ulJeantJtirfh*ePi*iriiicWMlHtajPW(ri)WVOfrksi?tU*Nrti(ry trfHiiFB-iBfii banMamitaiitqnd w In PI far add l tana Intor maoDriMfliB HAIU;

o(*B inndBnhotw hnrMiit. T Mimrrp li w4 kttanoarilni rxrtgMkuA, Mimrr r HF I*P* PHI 3Mlf HlWWdn eurtON** u tt|k iMfnnpMin'i iiwwn DU rn* m* tl ccmplihd fmih vutnuti MUIRM.

CauipMRnMi we tccuiMy JIB nutguvwlHa,, JlBdnKiHS.imDiwHtah.rrnjr Ma lil oHifcnvtf Himiigh'lis tac*l*1"s 11** *t Rnui4trr.Office, ir Hie W*(ttry *fHitiJi*l utojrt.**.

It4ri4llmaar dDwulDHltna Ir p m. t h* IWnlttry attttattmit bHilapmiil md Hkl*' HMD * k t.

General Information and Limluilonf

FH: .IffSiw "iSi Siv^^.^SrS 'OflPB

ThtoTPv mnr.Tmi *How imrxitaUf*! ludtuuri mHwi*n*U fei hand Inchdlna MT'**

Iflmrh JrtHl*, Witmiwt*, rtfM of My*i f***"! r kjMn, IkwiMnt. dr olliar Mtltik ir^l*FHiXllrjn.vrikjhtl. MID inmv BPIP ** crniw N jtm canWt and tonora and lM*t uiwthM rvdrKtvi praMMtrrm pnty.lDXi** mimnj cJ*m* ppiy nmni i**r**6

(34)

Camp Eleven Lake

1230000

954067

954071

5133000mN

954014

1229998

5400N

1229999

Meters 25 25 so 75 loo Meters

LEGEND

EARLY PROTEROZOIC ft \ Huronian Supergroup

Nipissing Diabase Mississagi Formation Pecors Formation McKJm Formation Matinenda Formation

Se ffb 8a

AGNEW INTRUSION 7 l Fe-Ti Oxide Zone

Ferrosyentte Subzone Leucogabbro Subzone 7b

L

^7a

Upper Cabbronorite Zone Transition Unit 11 Pod-Bearing Unit Porphyritic Unit Transition Unit l Lower Gabbronorite Zone

Se Sb

Dendrite Unit

Olivine Gabbronorite Subzone Layered Unit

Massive Unit

Inclusion-Bearing Unit Marginal Leucogabbronorite Zone

Nodular Unit 4 b l Mottled Unit l 4* l Varitextured Unh 3 \ Marginal Gabbronorite Zone 2 l Breccia Zone

ARCHEAN

l l Ramsev-Algoma Granitoid Complex

SYMBOLS

j [ [f /\)

(dip not appaaO, watical, inclined) Outattp limits

Trench/dcaring

Subcrop

(vertical, iodine^

Geologic*! contact - obsoved

(vertical, inclined)

(vertical, inclined) [pis] Claim port/ Line peat

|^-^ l Fault Zone

Igneous Layering (vertical, inclined)

O*"

"o"

Geological i

Geological ooHict - gndatHmal

Diamond drill bole ioat

Sample Loatioa Ml Number

Sample LacatioM Md Number (VogclD.,July 1996)

FOREST COVER

aspcn/nlder/biidi oak

maple cedar

spruce pine poplar

OVERBURDEN

boulder clay

gravel

Location Maps

Agnew Intrusion Map Area

NO*

o

Pacific North West Capital Corporation

AGNEW LAKE : Geology Map

Pacific North West Capital/ProAm property

Drafted by: Oranl Mourmtlcve Lyon Dale: Jmu*ry2002

Scale: 1:5000

Rcv.Norl 1 DKliMtiM: l(fW

(UTM):

Mining Division: Sudbury TowMhip: Shaheapem, Oough NTS:

Chan; 11294W, L22WW, 1230000

Map No. PI DDHAL-01-10

41I05SW200S 2.32850 SKAXBSPURB 220

(35)

1229998

1229999

242,S'" H*1) 213.SI

Stoney Lake

Uooer Gabbronorl-te Zone Transition Unit II Pod-Beorlng Unit Sfo l Porphyritic Unit 60. l Transition Unit I Lower Gabbronorite Zone

Dendrite Unit

Sol | Olivine Gabbronorite Subzone Se l Layered Unit

Sto l Massive Unit So l Inclusion-Bearing Unit

Marginal LeucogabbronQrl'te Zone Nodular Unit

Mottled Unit 4o l Varltextured Unit 3 l Marplnal Gabbronorite Zone

Breccia Zone ftRCHEAN

l l Ransev-Alaona Granltotd ConiDlex

1236174

LEGEND

Very Strong l

Strong

Moderate

Weak*

OpoleNo. -* [1=2 l M-IP(mVV)-* 367.L Time Constant (Lang,Medium c* Short) ———*

Very Weak \

Extremely Weak :

Chargeability Anomaly

l Very Strong

Strortg

Moderate

Weak

l Very Weak

\ Extremely Weak

Resistivity Anomaly

H(2) - High Resistivity, n=2 VH(1) - Very High Resistivity, 0=1 V VH(1) - Very Very High Resistivity, n-1

MAG-1

IP Chargeability zones

Resistivity High (>20,000 ohm-m)

Magnetic Trend

Interpreted Fault

o

^{l ~ l} Exploration Target HP High Priority MP Moderate Priority

100

Scale 1:5000

O 100 200 300

(meters)

PLATE 1

41I05SW2008 2.22850 SHAKESPEARE 230

JVX

PACIFIC NORTH WEST CAPITAL CORP.

PFN l ProAm PROPERTY

PFN/ProAm GRID Gough 4 Shakespeare Twps., NE Ontario

NTS 41 I/5

COMPILATION MAP JVX Ltd. ref: 1-31 January 2002

(36)

JVX Spectral 'c'

(dimensLonless)

JVX Spectral Tau

JVX Spectral MIP (mV/V)

MX Chargeability (mV/V, 690ms-1050ms)

Apparent Resistivity

(ohm-m)

5-HOOS 4+50S 4+00 S 3+50 S 3+00 S 2+50 S 2+00 S 1+50 S 1+00 S 0+50 S 0+00

5+00 S 4+50 S 4+00 S 3+50 S 3+00 S

———l————'————l————l————l————i————l————l————l————————l————l————l————l———————-l———-H———*- 2+00 S 1+50 S 1+00 S 0+50 S 0+00

5+003 4+50 S 4+00 S 3+50 S 3+00 S 2+50 S 2+00 S 1+50 S 1+00 S 0+50 S 0+00

1BS.O i 81

l&yy/l 129.3 \54.9 '31.4 /TliS^OslpSV r~~~^~—

^.e-^lOe.T^ -864.3 234.6 3W

5+00 S 4+50 S 4+00 S 3+50 S 3+00 S 2+50 S 2+00 S 1+50 S 1+00 S 0+50 S 0+00

4.4

3.2

3 5^) 5,7 5,5 5.1 6.6 , 4.4y 6,

" "iTs 5.5 6.8 5.7 6.6 f 4QS S.

jf,.t 5,5 5.8 5.7 5.7 4.1 5.8 ^ 3, l 5,7 5.9 5.7 5.9 6.3 ^K^. /4.4

4VK 6.1 \ 5.8 5,7 5.3 /8.5 j f.t 4.6

^ ffiO * 8.3 \ 5.9 5.2 fl.6 /5.^

4.5 4.8 4.6 '3

. . - .

.7 /M -^B^ 6.6 8.1 ' 4fc 4.5 '3.1

s+oos 4+50 S 4+00 S 3+50 S

L -J.- J 3+00 S 2+50 S

\— m ,- -L 3+005 1+50 S 1+00 S 0+50 S OfOO

23515 30651 \33925 -44283 34193 22823 21618V 34634 27084 26902 36540 3872

VH(irii^r~VH(l) H(i) H(l) 11=1 VH(1) VH(1) 36 33041 23674 35493. 22363 23947t 8ASO/ i 5463 36860

385B6 SMUT 38386 32367^,28297 16503^18829 49373

0913 3B440\ 23001 22680 20019 3637p 24250 Z77767 33463 3335B 34332 33339 34^06 ItOiO 20164^

48636 2^440 SeSB^/Sl??! 380B3 35814 38255 331*9 17328 18975/35796 ^277?*^ 3280B 22431 IB 35B09 33B35 34212 37091 32373 39873 350ZS 17159 30795 yS1776 33073 26337 27973 23287 178 22362- 36216 39136 34934 3134B 36460 35505 17909^20082 -^3486 2B716 27841 239BB 26470 10208

1089

JVX Spectral 'c'

(dimensionless)

JVX Spectral Tau

JVX Spectral MIP

(mV/V)

MX Chargeability (mV/V, 690ms-1050ms)

Apparent Resistivity (ohm-m.)

41I05SW200B 2.22850 SHAKESPEARE 240

Line 800 W

Pole-Dipole Array

, a na a

a = 25.0 M plot point

Resistivity and Chargeability Anomalies

Very strong Strong Medium

Weak Very weak xxxx xxxx--"-- Extremely weak

Scale 1:2500

25 50__75 100

aa y.

(meters)

1135 150

Plate 2 PACIFIC NORTH WEST CAPITAL CORP.

JVX SPECTRAL IP/RES SURVEY

PFN/ProAm Grid

AGNEW LAKE AREA; NTS 41 1/5 Line 800 W

01/12/27

Rx (2 see): Scintrex IPR12. Tx (g sec): Scintrex 1PC-7

41I05SW SHAKESPEARE

TABLE OF CONTENTS

J VX

LIST OF PLATES

J VX

PACIFIC NORTH WEST CAPITAL CORP.

NTS 41 1/5

GROUND GEOPHYSICAL SURVEY

H . * - - *

J VX

J VX

J VX

JV

j v

J VX

J VX

J VX

-Y/9 J^LAA/ Induced Polarization //^..or\VV and Commutated DC

Resistivity Transmitter System

Specifications

ENVI GEOPHYSICALSXSIEMi

SC1MTREX

ONTARIO

p

m m

1230000

954067

954071

954014

1229998

1229999

LEGEND

L

SYMBOLS

FOREST COVER

OVERBURDEN

Location Maps

o

Pacific North West Capital Corporation

AGNEW LAKE : Geology Map

1229998

1229999

1236174

o

Line 800 W

Pole-Dipole Array

Plate 2 PACIFIC NORTH WEST CAPITAL CORP.

JVX SPECTRAL IP/RES SURVEY

PFN/ProAm Grid

AGNEW LAKE AREA; NTS 41 1/5 Line 800 W

JVX Ltd. ret. no. 1-31