GOSSAN RESOURCES LTD.

-

_,

,

. t

-GOSSAN RESO

_U

_{RCES LTD.}

ASSESSMENT

_REPORT

on

THE

ALTO-GA

_R

_{DNAR GOLD SHOWING}

Jens C. Pedersen, P.Geo.

Consulting Geo

l

ogist

East

_{Selkirk MB}

Dryden Area

Kenora M

i

n

i

ng District

Northwest Ontario

NTS 52

F

16

G

~

_{/'CI':P\JCr: At" _ !}

_.SMr""I'JT

0::·

::~

...

TABLE OF CONTENTS

1. INTRODUCTION ... 3

2. PROPERTY ... 3

3. LOCATION AND ACCESS ... -... 4

4. PREVIOUS WORK ... 5

5. REGIONAL GEOLOGy ... 6

6. PROPERTY GEOLOGy ... 7

7. CURRENT PROGRAM ... 8

8. METHODS ... 9

9. RESULTS ... 10

9.1 GEOLOGIC MAPPING ... 10

9.2 CHANNEL SAMPLING ... 11

9.3 PROSPECTING ... 12

9.4 MMI SOIL SAMPLING ... 13

10. DISCUSSION ... 13

11. CONCLUSIONS AND RECOMMENDATIONS ... 14

12. REFERENCES CITED ... 15

13. CERTIFICATE OF QUALIFICATIONS ... .16

LIST OF FIGURES

Figure 1 Claims ... , ... 4

Figure 2 Location ... 5

Figure 3 Regional Geology ... 6

LIST OF TABLES

Table 1 Claims ... 3

Table 2 Anomalous Gold Values ... 11

LIST OF MAPS

Map 1 Detail Geology, Northeast Half

Map 2 Detail Geology, Southwest Half

Map 3 Prospecting Samples

APPENDICES

Appendix 1 Expenditures

Appendix 2 Assay Sheets

Appendix 3 Channel Sample Descriptions

Appendix 4 Prospecting Sample Descriptions

Appendix 5 MMI Soil Sample Descriptions

1. INTRODUCTION

Gossan Resources Ltd.' s ("Gossan") Alto-Gardner property, consisting of 13 mineral

claims encompassing 1,046 hectares in the Dryden-Sioux Lookout area of Northwestern

Ontario, is situated on a broad shear zone potentially related to the Wabigoon Fault.

Gold mineralization was first discovered on the property in 1937 in shear-hosted quartz

veins. Strong quartz-ankerite-sericite alteration is a prominent feature of the shear zone.

Gossan acquired the property in October 2005 from prospectors Alex Glatz and Joe Rives

of Dryden ON. Preliminary gold values in grab samples obtained by Gossan as high as

26.03 g/t confirmed the high grade gold potential of the property.

A 340 metre stripping program was carried out in May 2006 over the entire exposed

length of the showing, which was followed up by a 50-day field program of channel

sampling, detailed mapping, and prospecting from mid-May to early July, 2006. The

purpose of this program was to identify and confirm gold mineralization, define the

structural setting and controls for gold mineralization, and extend the known limits of the

Alto-Gardner shear zone along strike over the extent of the property.

2. PROPERTY

The Alto-Gardner property consists of 13 mineral claims encompassing 1,046 hectares in

the Melgund Lake area of Northwestern Ontario (Figure 1).

It

is situated two kilometres

south of Big Sandy Lake (Sandy Beach Lake) and seven kilometres east of Highway 72.

The claims are listed in Table 1.

Table 1 Alto-Gardner Claims

Claim Number

Recording Date

Township

Hectares

1247483

2005 Nov 21

MacFie

48

1247484

2005 Nov 21

MacFie

16

1247485

2005 Nov 21

MacFie

16

1247486

2005 Nov 21

MacFie

48

4204759

2006 Jan 20

MacFie

96

4204766

2006 May 8

MacFie

192

4204767

2006 May 8

MacFie

256

4204768

2006 May 8

MacFie

256

4204995

2006 Jan 20

MacFie

32

4204996

2006 Jan 20

MacFie

96

4204997

2006 Jan 20

MacFie

16

4205005

2006 Jan 20

MacFie

48

1221565

2002 May 28

MacFie

16

3

4204766 4204767 r--2 I , / 4204768 4204759 Legend Lake - River - Road - Claim Boundary

Gossan Resources Limited Alto Gardnar Property

Big Sandy Lake Area Macfie Township 1 1 , September 2006 Claim Map

Figure 1: Claims

3. LOCATION AND ACCESS

The Alto-Gardner property is situated between Dryden and Sioux Lookout in

northwestern Ontario in NTS 521 FI16 in the Kenora Mining District (Figure 2),

approximately two kilometres south of the south end of Big Sandy Lake.

It

can be

reached by road and A TV trail from Dryden, travelling east on the Trans Canada

Highway to the village of Dinorwic (26 kms), north on Highway 72 to an all-weather

logging road (15 kms), 28 kilometres via logging road to the north end of the claim

group, and a 4.5 kilometre ATV trail to the main Alto-Gardner showing.

The property occurs in typical Precambrian Shield topography with predominant spruce

and jack pine forests which are in various stages of active logging.

Much of the area is

covered with glacial ground moraine consisting of unsorted till, sand, gravel, and clay.

The Alto-Gardner occurrence is located on a northeast trending rocky ridge which

terminates on both ends into wet cedar and spruce swamp. Most of the trend of the

Alto-Gardner shear zone is overlain by either swamp or sand and gravel moraine.

-.

-N

A

MANITOBA ONTARIO

Alto Gardnar

Kenora _{Thunder Bay}

100 200

kilometers

Figure 2: Location

4. PREVIOUS WORK

1937: Gold discovered at Alto-Gardner by l.W. Alto and W. Gardnar (Berger, 1989).

1940: Sandybeach Lake Syndicate; stripping, trenching, bulk sampling, including

125-ton bulk sample from an open cut with a reported grade of 0.231 ounces per 125-ton

(opt). In 1943, Satterly (in Berger, op.cit.) reported the bulk sample ran 0.081

opt, although the discrepancy

between

the two values is unresolved.

1982: Ground restaked by

K.

and M. Bernier, who cut a grid and conducted a ground

VLF survey, in addition to resampling historic trenches. (Berger, op.cit.)

1986: Loydex Resources Inc. flew airborne magnetometer and EM survey over the area

including the Alto-Gardnar shear zone (Terraquest, 1987)

1991: Ontario Geological Survey.

Detailed

mapping of the Alto-Gardnar trenches by

L.

Chorlton (OFR 5752).

1995: Champion Bear Resources drilled four diamond drill holes on the Alto-Gardnar

property (Pryslak and Sears, 1995).

5. REGIONAL GEOLOGY

The Alto-Gardnar property is situated in the Melgund Lake-Big Sandy Lake area of

MacFie Township in northwestern Ontario (Figure 3).

It

lies within the Wabigoon

Subprovince ofthe Archean Superior Province (Berger, op.cit.). The area is underlain by

metavolcanics and metasedimentary supracrustal rocks of the Minnitaki Group

metasediments and Southern Volcanic Belt metavolcanics. Supracrustals have been

intruded by four felsic stocks and batholiths, the largest of which is the Basket Lake

Batholith which occurs immediately to the east of the Alto-Gardnar showings.

The area exhibits multiple deformation events with late northeast trending fold axes

(Berger, op.cit.) and northeast-trending faults, the most prominient of which is the

Wabigoon Fault.

It is postulated to be the boundary between the Wabigoon and English

River Subprovinces (Breaks, Blackburn, in Berger, op.cit.)

Gold mineralization occurs in three distinct settings as described by Berger (op.cit.):

1. Shear-hosted quartz veins in metavolcanics.

2. Quartz-carbonate alteration zones.

t

/ I

/

se,/1

7~

/ 66 V

N

/

/

/

I ' ... I I \; t' " C'(- ~!.-"':' , ) \ /

(Geology

from Berger

,

1989.)

Figure 3

:

Regional Geology

6.

PROPERTY GEOLOGY

/

I

I

I

",II :) f I ( /

/

/

I

I

/

/

/

/

I

I

/

I

f

CEOAR S A~~P

/

I

/

/

I

7b

Gossan Resources Limited

o

Alto-Gardnar Regional Geology

500 1000m

The Alto-Gardnar

property

is situated two kilometres south of Big Sandy Lake.

It

is

underlain by

metavolcanic

and metasedimentary supracrustals of the Southern Volcanic

Belt, and granitoid rocks of the Basket Lake

Batholith.

The predominant

rock

type

on the

property is comprised

of

mafic metavolcanics. These

are intruded by sub-volcanic felsic intrusives (quartz

porphyry).

Local gabbroic sills

intrude volcanics.

Rocks

outside of

the

Alto-Gardnar shear zone are weakly to

moderately foliated, fme grained, and chloritic. Quartz

porphyries

are resistively

c

)

I

,,-weathered, are grey-white in coloured, and very hard, fine grained, generally with 5-20%

fine phyric quartz to 1 mm.

Lithologies are northeasterly trending, with variable, sub-vertical dips. The Alto-Gardnar

showing proper is situated along a 15-20 metre wide northeast-trending shear zone which

is likely a bifurcation of a fault splay emanating from the Wabigoon Fault two kilometres

to the north.

The Alto-Gardnar showing consists of highly sheared, tight asymmetric to isoclinally

folded mafeic metavo1canics intruded by felsic quartz porphyry sills. Lithologies have

been overprinted by quartz-ankerite-sericite alteration. The quartz-ankerite-sericite vein

system within the shear zone contains tract to common disseminated pyrite and lesser

chalcopyrite and tourmaline. Quartz veining is comprised of multiple stringers to broad

veins up to 120 metres long and seven metres in width. Visible gold is observed in the

larger quartz veins, particularly at the southwest end of the showing in the open cut.

Grab samples collected by Gossan in 2005 confirmed both the erratic and high-grade

character and potential, of gold mineralization, with assays ranging from trace amounts to

26.03 grams gold per tonne

(g/t).

The showing is exposed for 340 metres, trending under overburden in both directions.

Two separate gold occurrences, the Midas and Rivers showings, occur on strike six and

eight kilometres respectively to the northeast.

7.

_{CURRENT PROGRAM}

Gossan's 2005 property visits and sampling of mineralized shear zones and quartz veins

confirmed the occurrence of erratic, high-grade gold values at the Alto-Gardnar showing.

a follow-up field program for 2006 was designed to better expose the complex geology of

the showing, and systematically sample and map its full, exposed length.

The 2006 May to July field program consisted of mechanical stripping and washing of

the bedrock exposure, followed by detailed mapping and channel sampling. a short MMI

(Mobile Metal Ions) survey was conducted in overburden along strike to the northeast, in

an attempt to trace the potential strike extension of the shear zone in this direction.

Prospecting was conducted over Gossan' s claim group and along the entire postulated

trend of the shear zone in an effort to delineate new zones of gold-mineralization and

extensions of the Alto-Gardnar shear zone.

The program was supervised by J.C. Pedersen, P.Geo., with assistance by Patrick

Norman, Geologist, and Angie Martin, Thomas Hildahl, and Braden Zurbyk, geological

assistants.

Expenditures by Gossan to September 2006 on the Alto-Gardnar property total

$146,758.(Appendix 1).

8. METHODS

Surface stripping of the Alto-Gardnar showing was carried out by Belham Ltd. of

Kaministiquia, ON, between May 1-18, 2006. An area 20 metres wide by 340 metres

long was exposed to facilitate detailed mapping and channel sampling.

Prior to commencement of mapping and sampling, the newly exposed outcrop was

washed with high pressure hoses. A 340 metre long baseline trending 046

0

was

established over the length of the showing, with metre cross-lines at five metre intervals,

to facilitate detailed mapping and channel sampling.

Channel samples were obtained employing a Husqvama rock saw with diamond blade.

Channels averaged 3 cm wide by 4 cm deep. Individual samples average one metre in

length. All quartz veins and alteration/shear zones were sampled, with larger continuous

quartz veins channelled across their width at five metre intervals.

Soil sampling was conducted along strike from the northeast terminus of the

Alto-Gardnar showing. Soil samples were obtained by digging holes to 30 cm past the upper

B horizon, using stainless steel planting spades. A 500 gm sample was consistently

collected 15 to 25 cm below the O-A horizon interface in B-horizon soils, using stainless

steel folding trowels. Where no B-horizon soil was encountered in areas of swamp and

muskeg, samples were collected in A horizon, again between 15-25 cm below the O-A

interface when possible. Trowels and spades were cleaned and brushed off at each

station and prior to obtaining a new sample.

Prospecting was conducted over the entire claim area with a focus on the Alto-Gardnar

shear zone trend. A mapped felsic intrusive (in Berger, op.cit.) adjacent to the south of

the Wabigoon Fault was also prospected and sampled (Claim 4204766).

A total of273 channel samples were collected on the Alto-Gardnar showing. An

additional 11 rock sample grabs were collected over the claim area during prospecting.

Samples were collected in plastic sample bags, labelled, and shipped in sealed rice bags

via Greyhound Bus Lines to TSL Laboratories in Saskatoon, SK. All samples were

submitted for gold and copper analysis. All samples were crushed to 95% at -10 mesh

for reject and -150 mesh for pulp. Gold was analysed by Fire Assay with a lower

detection limit of 0.03g/t. Copper was analysed using Atomic Absorption (AA) with a

lower detection limit of 1 ppm.

Sixteen soil samples were submitted to SGS Canada Inc. in Toronto for MMI analysis.

Results are pending.

9. RESULTS

9.1 GEOLOGIC MAPPING

Upon completion of pressure washing of the newly exposed Alto-Gardnar showing, the

entire 340-metre length was mapped in detail at a scale of 1: 1 00

(l

centimetre

=

1 metre)

(Maps 1 and 2, back pocket).

Mafic metavolcanics are intruded by narrow felsic quartz porphyry sills, both units of

which are highly deformed by brittle-ductile shear, and overprinted by

quartz-ankerite-sericite-chlorite alteration with lesser pyrite-chalcopyrite-tourmaline. All units are

strongly folded, with amplitudes of isoclinal folds commonly in excess of 60 metres.

Quartz veining is syn-Iate kinematic as evidenced by internal folded and boudinaged

host rock screens and inclusions. Quartz flooding is exhibited by multiple quartz

stringers at the contacts between quartz porphyry and mavic volcanics, and internally in

both units proximal to contacts. Pronounced stockwork flooding is developed in quartz

porphyry in the vicinity of L60E.

Mafic volcanics exhibit moderate to extreme chlorite-ankerite alteration, ranging in

colour on weathered surface from deep green to dark brown with pronounced pitted

weathering in areas of ankerite enrichment. Quartz porphyry, particularly in highly

sheared sections, displays intense sericite-quartz-ankerite alteration and a pronounced

fissility.

Quartz veininglflooding tends to be more pronounced and erratic in quartz porphyry,

whereas in mafic volcanics, veins are generally linear and boudinaged. Approaching fold

hinges, quartz becomes more prevalent. A strong competency contrast between quartz

porphyry and mafic volcanics is exhibited by well developed mullion structures. In zones

of intense shearing, quartz porphyry and mafics become interdigitated and commonly

form diffuse schlieren. In these zones, quartz porphyry is particularly sericitic, siliceous,

and ankeritic with local fine grained tourmaline and pyrite in proximity to mafic screens.

At the southwest end of the large quartz vein at L60E, f2 and

f3

_{folds are defined by}

mafic screens, with WSW trending f2 folds plunging 25°, and NNE

f3

_{folds plunging 38°.}

This area is highly fractured, intensely altered, with 15-20% fine to coarse erratic quartz

stringers and pods in quartz porphyry. Quartz porphyry is highly sericitized with a light

pink cast due to disseminated ankerite.

Quartz veins range in size from narrow multiple stringers to 120 metres in length and 7

metres in width. Three predominant veins can be defined:

•

_{Main northeast vein, 120 metres long x 7 metres wide centred on L 1 OOE.}

It

felsic screens.

It

_{is deformed, syn-kinematic and likely refolded. Local}

disseminated pyrite and chalcopyrite with associated malachite stain occur

locally, mainly in proximity to wall rock and wall rock screens. No visible

gold was observed.

•

Central vein,

11

_{0 metres long x 3 metres wide centred on L20W.}

_It

_{is linear in}

orientation, with common splays and anastomosing veins and boudins.

Folding is less pronounced in this region of shear. Disseminated pyrite is

common, but no visible gold was observed. The vein contains numerous

historic trenches.

•

_{Southwest "Adit" vein, 30 metres long x 3 metres wide.}

_It

_{is attenuated at}

both ends into boudinaged and bifurcating stringers.

It

consists of massive

white quartz, common fracturing, and local sericitization and hematization

locally imparted by inclusions of altered country rock. Visible gold occurs

erratically as isolated grains to 0.5 mm in both "bull" quartz, and in

association with altered wall rock.

9.2 CHANNEL SAMPLING

A total of 273 channel samples were collected from the Alto-Gardnar showing. Channels

were cut continuously over the full width of quartz veins and zones of alteration in

sheared mafic volcanics and quartz porphyry. Sample intervals average one metre, and

range up to a maximum of 1.5 metres. Samples were analysed for gold and copper, in

part to determine potential correlation between the two metals, and the subsequent

usefulness in using copper as a pathfinder for gold mineralization.

Twenty nine samples returned gold values in excess of 0.4 grams per tonne gold (g/t),

with a high of9.69 g/t in sheared mafic volcanics (Table 2). Copper values for these

samples range from 15 ppm to 320 ppm, averaging 89 ppm. These numbers suggest a

weak link between copper and gold at best. A high copper value of 1220 ppm returned

no elevated gold value.

Of the 29 samples, only five were obtained from the three main quartz veins. The

majority (20) were obtained from sheared mafic volcanics with associated quartz

stringers and veins, and ankerite/chlorite alteration. The remaining four samples were

obtained from sheared quartz porphyry, again with associated quartz veining and ankerite

altheration plus sericite. Most samples also host trace to low amounts of disseminated

pyrite. Complete sample descriptions are found in Appendix 3.

Table 2 Anomalous gold values in channel samples

Sample

I

Line

I

Au g/t

I

Cu ppm

I

Description

Northeast "Main" Vein

863203

I

170E

10.53

1120

I

Qtz vein

862569

I

169E

10.62

I

150

I

sheared (sh)MV, ank, py

862570 169E

0.63

120

sh MV, ank, py

Central Vein

862503 54W

0.43

15

Qtz Vein, ser,ank

862504 54W

1.85

73

sh MV, qv, ank, py, tourmaline

862511

80W

5.28

110

sh MV, qv, ank, chI, py

862512 80W

2.28

82

sh MV, qv, ank, py

862513 68W

0.50

31

sh MV, qv, ank, py

862514 68W

0.82

91

sh MV, qv, ank, py

862518 85W

0.51

170

sh MV, qv, ank, py

863382 58W

0.41

31

sh MV, qv, ank, py

863387 70W

0.98

68

sh MV, py, ank

863388 70W

0.98

110

sh MV, py, qv, ank

863395 75W

0.53

68

sh MV, qv, ank, py

863397 46W

3.93

49

sh QP, qv, ank

863336 20E

1.08

140

sh MV, ank, qv

Southwest "Adit" Vein

862525

102W

1.42

75

sh MV, ank, qv

862530 109W

5.14

26

sh QP, MV, py, ank

862537 120W

0.82

61

Qtz Vein, ank, ser, py, cpy

862539 125.5W

0.41

39

QV, cpy

862544

131W

3.33

71

sh QP, qv, ank, py minor MV

862548

131W

4.12

100

sh MV, ank, qv

862550 136W

2.78

320

QV, ank, py, minor MV

862551

136W

0.65

16

sh QP, qv, ank, chI, py

862552 136W

0.50

100

sh MV, ank, qv, chI

862554 145W

1.25

130

sh MV, ank, qv

862555

145W

0.45

18

QV, sh MV, py, ank

862556 145W

0.62

69

sh MV, ank, qv

862560 135W

9.69

130

sh MV, ank, qv

Samples with low or undetected gold values, particularly in larger quartz veins, could in

part be exhibiting nugget effects, in which free gold in the sample was not incorporated in

the analysed split.

9.3 PROSPECTING

Prospecting was conducted over the entire claim area with a focus on the Alto-Gardnar

shear zone trend (Map 3, back pocket). A total of 15 rock grab samples were collected

(Appendix 4). Eleven samples were collected from mafic volcanics and quartz veins

along projected strike extensions of the Alto-Gardnar shear zone, with an additional four

samples collected from a felsic intrusive adjacent to the south of the Wabigoon Fault on

Claim 4204766.

Two significant quartz vein showings on strike with the Alto-Gardnar showing, the

furthest of which occurs on the west edge of Claim 4204759,2,300 metres to the

northeast. Minor disseminated pyrite, chalcopyrite, ankerite, and sericite mineralization

occurs in the two samples collected (862602, 862603). Although no gold was detected in

these samples, this new quartz vein zone could reflect the extension of the Alto-Gardnar

shear/alteration zone. Similarly, a narrow zone of quartz veining in a strong shear zone

in a mafic volcanic/quartz porphyry host occurs 300 metres southwest of the west end of

the Alto-Gardnar showing, and is a clear extension of the shear zone. It occurs at the

edge of outcrop terminating at a broad cedar-spruce bog. Pyrite, chalcopyrite, and

ankerite occurs in minor amounts in quartz; no gold values were obtained.

The felsic intrusive on Claim 4204766 was prospected and sampled, but did not host

quartz veining or shearing of any significant degree. Local sericitization was noted with

associated ankerite and minor quartz stringers along the edge of one outcrop. Sheared

mafic horizons with ankeritic alteration were also sampled. No gold was observed or

detected in this region.

9.4 MMI SOIL SAMPLING

A total of 16 soil samples (Appendix 5) were collected along strike from the northeast

terminus of the Alto-Gardnar showing. Samples were collected along three compass

oriented cross lines at 25 metre intervals to determine if MMI sampling would be useful

in determining shear zone extensions of the Alto-Gardnar showing. Samples have been

sent to and received by SGS Canada in Toronto, with results pending.

10. DISCUSSION

Gossan's Alto-Gardnar property encompasses a 340-metre long exposure of a broad

shear zone hosting gold-bearing quartz veins in strongly to intensely altered mafic

volcanics and felsic quartz porphyry. Alteration assemblages are characterized by strong

quartz-ankerite-sericite-chlorite replacement, with common disseminated pyrite and local

minor chalcopyrite and tourmaline mineralization. Visible gold in quartz veins has been

identified from the 30 metre x 3 metre southwest "Adit" vein. Gold assays as high as

26.03 g/t have been obtained by Gossan in grab samples from these quartz veins.

The 2006 summer field program focussed on delineating the Alto-Gardnar shear zone and

identifying areas and tenor of gold mineralization. Prospecting was conducted in an

effort to identify on-strike extensions of the Alto-Gardnar shear zone in addition to

identifying new areas of gold mineralization.

Mechanical stripping of the original Alto-Gardnar showing identified a broader than

anticipated shear zone averaging 15-20 metres in width, with pronounced shearing and

isoclinal folding. A previously undocumented large quartz vein, the "Main" or

"northeast" vein, is up to 7 metres wide with a minimum strike length of 120 metres.

Isoclinal folding is pronounced along the shear zone, with fold amplitudes to 60 metres.

Quartz porphyry sills are highly folded and disjointed as a result of brittle-ductile shear

imparted by the competency contrasts between felsic intrusives and mafic volcanics.

Felsic quartz porphyry could be significant to alteration and mineralization in that it

produces a competency contrast during shear strain, resulting in pressure shadows and

zones of volatile deposition.

Gold mineralization as identified in the current channel sampling program appears to

favour shear zones relative to larger quartz veins.

It

_{is significant that gold}

mineralization is not confined to larger quartz veins. A second tenor of mineralization is

emerging in the shear zones themselves, possibly in association with late quartz flooding.

Conversely, the larger quartz veins, particularly the "Ad it" vein, are host to known gold

mineralization, at least some of which occurs in the free state. The fact that most

anomalous gold values favour shear zones versus larger quartz veins in the current

sampling program could underscore a potential nugget effect in these veins. Free gold

could easily have been omitted from the split portion of the sample assayed, producing a

low or undetected assay for a specific sample. All samples should be re-submitted for

screened-metallics assaying in order to better understand this potential nugget effect and

provide a clearer picture of the actual gold grades in quartz veins. The fact that very low

gold values were obtained from the "Adit" vein, known to have significant gold grades,

underscores this likelihood.

Prospecting has also identified shear zones and quartz veins on strike of the main

Alto-Gardnar showing, indicating that the shear zone could be a much larger regional feature.

No gold values were obtained from the quartz veins 2.3 kilometres to the northeast, nor

from the shear-hosted quartz veins 300 metres to the southwest; this could be the result

once again of nugget effects produced by dispersed free gold in the sample. More

detailed sampling with secreened metallics assaying should be conducted on these zones.

11. CONCLUSIONS AND RECOMMENDATIONS

The 2006 summer field program has successfully confirmed the presence of extensive

gold mineralization at the Alto-Gardnar showing. The main shear zone is a very strong,

broad structural feature averaging 15-20 metres in width and could be an offshoot of the

regional scale Wabigoon Fault. There appear to be two tenors of gold mineralization in

the shear zone: gold in quartz veins, and gold associated with quartz-ankerite-sericite

alteration in shear zones. Significant gold grades as high as 9.62 g/t in sheared mafic

volcanics underscore the potential for significant gold mineralization outside of quartz

veins, in addtion to the quartz veins themselves. The paucity of anomalous gold values in

quartz veins, particularly in the "Adit" vein with it's known tenor of gold mineralization,

suggests a nugget effect produced by free gold in quartz veins, and the resultant

uncertainty of low to undetected gold assays in these areas.

Prospecting has identified potential extensions of the Alto-Gardnar shear zone, as far as

2.3 kilometres to the northeast. This suggests the existence of a structural zone

potentially connecting the Alto-Gardnar showing with the Rivers and Midas showings up

to eight kilometres to the northeast.

It appears that the presence of quartz porphyry or related felsic intrusions could be

crucial to providing competency contrasts in shear zones allowing for pressure shadows

and depositional environments for gold-bearing volatile emplacement.

Follow-up work at the Alto-Gardnar property is strongly warranted. Re-assaying of

channel samples for screened metallics is a necessary first step. Selected samples from

both quartz veins and shear zones should be submitted for petrographic analysis in order

to identify tenor and style of gold mineralization and spatial relationships. Re-sampling

of selected channel samples should be conducted for comparative purposes to determine

and quantify nugget effects of free gold mineralization. Further structural analysis of the

main Alto-Gardnar showing would be useful in determining drill targets, which will at

least in part be determined by tenor of gold mineralization identified in follow-up

assaying of the channel samples obtained in the 2006 summer field program.

12. REFERENCES CITED

Berger, B.R., 1989: Precambrian Geology, Melgund Lake Area, Ontario Geological

Survey, Report 268, 68pp.

Chorlton,

L.,

1991: Geological history of the Sandybeach Lake area, Sioux

Lookout-Dinorwic Belt, Wabigoon Subprovince, and its implications for gold exploration;

Ontario Geological Survey, Open File Report 5752, 118 pp.

Pryslak, T. and S. Sears, 1995: Summary Report on Diamond Drilling, the Rivers

Property including the nelson Option and The Glatz Option, for Champion Bear

Resources Ltd. Assess. File 52F16SW 0050.

Terraquest Ltd., 1987: report on an Airborne Magnetic and VLF-EM Survey,

Sandybeach Lake Property, McAree and MacFie Twonships, Patricia Mining

Division, Ontario, for GML Minerals Consulting Ltd. Assess File 52F16SE0008.

CERTIFICATE OF QUALIFICATIONS

I, Jens C. Pedersen, do hereby certify that:

1) I am an independent consulting geologist residing at 80057 St. Peter's Road, Box

1, Group 5, RR 1, East Selkirk, Manitoba, ROE OMO.

2) I am a graduate of the University of Manitoba with a Bachelor of Science degree

(Geology) 1976-1979.

3) I am a Registered Professional Geoscientist of the Province of Manitoba.

4) I have been practicing my profession as an exploration geologist for the past 26

years with various Canadian mining companies and as an independent geological

consultant.

Dated in East Selkirk, Manitoba, this 25

th

day of September, 2006

nature of QualIfied Person

Jens C. Pedersen, P. Geo.

AL TO-GARDNER Expenses

Claim Field Date Payee Amount Geology Drilling Assays Survey Costs Costs Apr 10/06 Belham Ltd 3,000.00 3,000.00 May 18/06 Braden Zurbyk 500.00 500.00

May 18/06 Angela Martin 500.00 500.00

May 26/06 Belham Ltd 25,791.03 25,791.03 May 26/06 Zone 14 302.51 302.51 May 29/06 JC Pederson 3,000.00 3,000.00

May 29/06 Pine Sunset Lodge 1,798.40 1,798.40 June 1/06 JC Pederson 824.34 824.34 June 6/06 Kathy Ringland 299.28 299.28 June 6/06 JC Pederson 4,500.00 4,500.00

June 6/06 Patrick Norman 3,810.00 3,810.00

June 6/06 ROiY Rafnson 1,500.00 1,500.00 June 6/06 Angela Martin 2,925.00 2,925.00

June 6/06 Braden Zurbyk 2,300.00 2,300.00 June 6/06 Thomas Hildahl 2,300.00 2,300.00

June 15/06 United Rentals 3,351.45 3,351.45 June 15/06 RBC Visa 450.77 450.77 June 17/06 Greyhound 22.66 22.66

June 28/06 Rory Rafnson 3,000.00 3,000.00 June 28/06 Ryan Cooke 1,200.00 1,200.00

June 28/06 Albutt Mining Supplies 2,492.88 2,492.88 June 28/06 Pine Sunset Lodge 4,043.25 4,043.25 June 28/06 JC Pederson 11,500.00 11,500.00

June 28/06 JC Pederson 3,000.00 3,000.00 June 30/06 Braden Zurbyk 5,300.00 5,300.00

)

June 30/06 Angela Martin 5,800.00 5,800.00 June 30/06 TSL Labs 1,843.20 1,843.20

June 30/06 Patrick Norman 13,525.00 13,525.00 June 30/06 Patrick Norman 2,785.00 2,785.00

July 11/06 Angela Martin 167.82 167.82 July 11/06 Angela Martin 1,125.00 1,125.00

July 11/06 Braden Zurbyk 1,200.00 1,200.00 July 11/06 Tom Hildahl 1,000.00 1,000.00 July 11/06 Chris Pedersen 8,630.69 8,630.69

July 11/06 United Rentals 1,840.69 1,840.69 July 11/06 Pine Sunset Lodge 2,543.20 2,543.20 July 11/06 Greyhound 369.95 369.95

July 11/06 RBC Visa 1,388.56 1,388.56 July 17/06 Patrick Norman 351.05 351.05 July 17/06 Patrick Norman 928.89 928.89 July 25/06 Greyhound 880.11 880.11

July 28/06 Ryan Cooke 100.00 100.00

Aug 8/06 TSL Labs 1,961.85 1,961.85

Aug 10/06 JC Pederson 900.00 900.00

Aug 10/06 JC Pederson 3,250.00 3,250.00

Sept 1/06 TSL Labs 2,525.60 2,525.60

Sept 18/06 Norseman Supply 130.00 130.00 146,758.18 53,200.69 7,603.37 28,750.00 57,204.12

--...

..

T S L

#2 - 302 48th

Street· Saskatoon, SK • S7K 6A4

LAB 0 RAT 0 R I ESP

_{(306) 931-1033 F (306) 242-4717 E [email protected]}

CERTIFICATE OF ANAL YSIS

SAMPLE(S) FROM

Gossan Resources Ltd.

404

-

171 Donald Street REPORT No.

winnipeg, Manitoba

S19458

R3C IM4

SAMPLE{S) OF _{INVOICE #:39124}

89 Rock/O Pulp _{P.O. :}

J. Pedersen Project: A.G. Additional: 863247 to 863254 and 863266 to 863270 Au Aul Cu File

9/

t g/t ppm Name 863201 <.03 _{30 S19458} 863202 <.03 _{120 S19458} 863203 .53 .58 34 S19458 863204 <.03 _{11 S19458} 863205 .03 _{98 S19458} 863206 _{<.03 3} S19458 863207 _{<.03 17} 819458 863208 _{.03 84} 819458 863209 <.03 <.03 76 819458 863210 <.03 _{16 819458} 863211 <.03 _{13 819458} 863212 _{<.03 140} 819458 863213 <.03 _{3 819458} 863214 <.03 <.03 10 819458 863215 <.03 _{99 S19458} 863216 .03 _{130 819458} 863217 <.03 _{64 819458} 863218 <.03 _{52 819458} 863219 <.03 <.03 52 819458 863220 _{<.03 130} 819458

COPIES TO: R. Cooke

INVOICE TO: _{Gossan Resources - Winnipeg}

Jun 28/06

_.,rl!.~

SIGNED

Mark Acres - Quality Assurance Page 1 of 5

T S L

#2 - 302 48th _{Street· Saskatoon, SK . S7K 6A4}

LAB 0 RAT 0 R I ESP

(306) 931-1033 F (306) 242-4717 E [email protected]

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - 171 Donald 8treet Winnipeg, Manitoba R3C 1M4 89 Rock/O Pulp 863221 863222 863223 863224 863225 863226 863227 863228 863229 863230 863231 863232 863233 863234 863235 863236 863237 863238 863239 863240 COPIE8 J. Pedersen project: A.G. Au g/t <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 TO: R. Cooke Au1 g/t <.03 <.03 <.03 Cu ppm 33 110 75 90 27 13 30 22 200 150 87 75 110 27 120 20 15 44 380 14

INVOICE TO: Gossan Resources - Winnipeg

File Name 819458 819458 S19458 819458 819458 519458 519458 819458 819458 819458 519458 819458 819458 819458 819458 519458 519458 819458 519458 819458 REPORT No. 819458 INVOICE #:39124 P.O. :

T S L

#2 - 302 48'h Street· Saskatoon, SK • S7K 6A4

LAB 0 R A TO R IE S

_{P (306) 931-1033 F (306) 242-4717 E [email protected]}

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - l7l Donald Street Winnipeg, Manitoba R3C lM4 89 Rock/O Pulp 863241 863242 863243 863244 863245 863246 863247 863248 863249 863250 86325l 863252 863253 863254 863255 863256 863257 863258 863259 863260 COPIE8 J. Pedersen Project: A.G. Au g/t <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 TO: R. Cooke Aul g/t <.03 <.03 <.03 Cu ppm 20 27 250 41 210 23 56 5 24 1220 140 22 1O0 l3 32 77 31 190 49 12

INVOICE TO: _{Gossan Resources - Winnipeg}

Jun 28/06 SIGNED File Name 819458 819458 819458 819458 819458 819458 819458 819458 819458 819458 819458 819458 819458 819458 Sl9458 S19458 819458 819458 819458 819458

~~

REPORT No. Sl9458 INVOICE #:39124 P.O. :

Mark Acres - Quality Assurance Page 3 of 5

----

_{T S L}

#2 - 302 48,h Street· Saskatoon, SK . S7K 6A4

LAB 0 RAT 0 R I ESP

(306) 931-1033 F (306) 242-4717 E [email protected]

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - 171 Donald Street Winnipeg, Manitoba R3C 1M4 89 Rock/O pulp 863261 863262 863263 863264 863265 863266 863267 863268 863269 863270 863271 863272 863273 863274 863275 863276 863277 863278 863279 863280 COPIES J. Pedersen project: A.G. Au g/t <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 TO: R. Cooke Au1 g/t <.03 <.03 <.03 Cu ppm 59 120 120 51 68 68 30 120 40 22 26 17 54 43 49 120 21 17 18 36

INVOICE TO: Gossan Resources - Winnipeg

File Name S19458 S19458 S19458 S19458 S19458 819458 S19458 S19458 S19458 S19458 S19458 819458 819458 819458 819458 S19458 S19458 S19458 S19458 819458 REPORT No. S19458 INVOICE #:39124 P.O. :

T S L

#2 - 302 48th _{Street· Saskatoon, SK . S7K 6A4}

-

LAB 0 R A TO R IE S

P (306) 931-1033 F (306) 242-4717 E [email protected]

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - 171 Donald Street Winnipeg, Manitoba R3C 1M4 89 Rock/O pulp 863281 863282 863283 863284 863285 863286 863287 863288 863289 AuM-3 AuM-3 AuM-3 AuM-3 AuM-3 AuM-3 7707 7707 J. Pedersen project: A.G. Au g/t <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 7.30 7.27 7.17 6.72 6.82 6.93

COPIES TO: R. Cooke

Au1 g/t Cu ppm 14 21 23 26 39 45 170 16 62 200 200

INVOICE TO: Gossan Resources - Winnipeg

Jun 28/06 File Name S19458 S19458 819458 S19458 S19458 819458 S19458 S19458 S19458 S19458 S19458 819458 S19458 S19458 S19458 S19458 S19458 ~.-....01"" REPORT No. S19458 INVOICE #:39124 P.O. : SIGNED _______ ~ __ ~ __________________________ _

Mark Acres - Quality Assurance

--

LAB 0 RAT 0 R IE S

--

T S L

#2 - 302 48P (306) 931·1033 F (306) 242·4717 E [email protected] th Street· Saskatoon, SK • S7K 6A4

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - 171 Donald Street Winnipeg, Manitoba R3C 1M4 87 Rock/O pulp 863290 863291 863292 863293 863294 863295 863296 863297 863298 863299 863300 863301 863302 863303 863304 863305 863306 863307 863308 863309 COPIES J. Pedersen Project: A.G. Au g/t <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 TO: R. Cooke Au1 g/t <.03 <.03 <.03 Cu ppm 110 63 390 210 14 54 42 240 44 22 280 150 83 35 7 28 44 14 12 37

INVOICE TO: Gossan Resources - Winnipeg

File Name S19587 S19587 819587 819587 819587 S19587 819587 819587 819587 819587 819587 819587 S19587 819587 819587 819587 S19587 S19587 S19587 S19587 REPORT No. 819587 INVOICE #:39314 P.O. :

---.

T S L

#2 - 302 48th _{Street· Saskatoon, SK • S7K 6A4}

LAB 0 RAT 0 R I ESP

(306) 931-1033 F (306) 242-4717 E [email protected]

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - 171 Donald 8treet Winnipeg, Manitoba R3C 1M4 87 Rock/O pulp 863310 863311 863312 863313 863314 863315 863316 863317 863318 863319 863320 863321 863322 863323 863324 863325 863326 863327 863328 863329 COPIE8 J. Pedersen Project: A.G. Au g/t <.03 .26 .26 <.03 .19 <.03 <.03 <.03 <.03 <.03 <.03 .27 <.03 <.03 .10 <.03 <.03 <.03 <.03 <.03 TO: R. Cooke Au1 g/t <.03 <.03 <.03 Cu ppm 91 130 72 74 120 73 15 79 24 84 55 60 49 97 25 28 52 23 32 17

INVOICE TO: Gossan Resources - Winnipeg Jul 14/06 SIGNED File Name 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 ,...-e.~ Mark Acres

-REPORT No. 819587 INVOICE #: 39314 P.O. : Quality Assurance Page 2 of 5

---

_{T S L}

_{#2 - 302 48}th

Street· Saskatoon, SK . S7K 6A4

LA B 0 R ATO R IE

S

P (306) 931-1033 F (306) 242-4717 E [email protected]

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - 171 Donald Street Winnipeg, Manitoba R3C IM4 87 Rock/O pulp 863330 863331 863332 863333 863334 863335 863336 863337 863338 863339 863340 863341 863342 863343 863344 863345 863346 863347 863348 863349 COPIES J. Pedersen Project: A.G. Au g/t .14 <.03 <.03 <.03 <.03 <.03 1. 08 .09 <.03 .26 <.03 .03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 TO: R. Cooke Aul g/t <.03 <.03 <.03 eu ppm 48 21 32 55 30 97 140 190 24 71 10 67 12 46 20 34 7 13 7 58

INVOICE TO: Gossan Resources - Winnipeg

File Name S19587 819587 819587 S19587 S19587 S19587 819587 819587 S19587 S19587 S19587 S19587 819587 S19587 S19587 S19587 S19587 819587 819587 819587 REPORT No. S19587 INVOICE #:39314 P.O. :

, ,

----

_{T S L}

_{#2 - 302 48}th _{Street· Saskatoon, SK • S7K 6A4}

LAB 0 RAT 0 R I ESP

(306) 931-1033 F (306) 242-4717 E [email protected]

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - 171 Donald 8treet Winnipeg, Manitoba R3C IM4 87 Rock/O Pulp 863350 863351 863352 863353 863354 863355 863356 863357 863358 863359 863360 863361 863362 863363 863364 863365 863366 863367 863368 863369 COPIE8 J. Pedersen Project: A.G. Au g/t <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 <.03 .14 <.03 <.03 <.03 TO: R. Cooke Aul g/t <.03 <.03 <.03 Cu ppm 18 45 16 14 50 20 12 28 14 59 120 120 15 230 230 100 67 11 120 120

INVOICE TO: Gossan Resources - Winnipeg Jul 14/06 SIGNED File Name 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587 819587

~

Mark Acres

-REPORT No. 819587 INVOICE #:39314 P.O. : Quality Assurance Page 4 of 5

---

_{T S L}

#2 - 302 48th

Street . Saskatoon, SK • S7K 6A4

LAB 0 RAT 0 R I ESP

_{(306) 931-1033 F (306) 242-4717· E [email protected]}

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - _{171 Donald 8treet} Winnipeg, Manitoba R3C 1M4 87 Rock/O Pulp 863370 863371 863372 863373 863374 863375 863376 AuM-3 AuM-3 AuM-3 AuM-3 AuM-3 7707 7707 J. Pedersen Project: A.G. Au g/t <.03 <.03 <.03 <.03 <.03 <.03 <.03 6.76 7.03 7.10 6.72 6.76

COPIES TO: R. Cooke

Au1 g/t Cu ppm 18 73 21 64 110 85 110 200 200

INVOICE TO: _{Gossan Resources - Winnipeg}

Jul 14/06 File Name 819587 819587 S19587 819587 819587 S19587 819587 S19587 S19587 S19587 819587 819587 819587 S19587 REPORT No. 819587 INVOICE #:39314 P.O. : ...--e,,~

~----.

T S L

#2 - 302 48th

Street· Saskatoon, SK • S7K 6A4

LAB 0 RAT 0 R I ESP

_{(306) 931·1033 F (306) 242-4717 E [email protected]}

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - 171 Donald Street Winnipeg, Manitoba R3C IM4 97 Rock/O Pulp 862501 862502 862503 862504 862505 862506 862507 862508 862509 862510 862511 862512 862513 862514 862515 862516 862517 862518 862519 862520 COPIE8 J. Pedersen Project: A.G. Au g/t .19 <.03 .43 1. 85 .19 <.03 <.03 .07 <.03 .15 5.28 2.28 .50 .82 <.03 .33 .12 .51 <.03 <.03 TO; R. Cooke Au1 g/t .51 .03 .39 Cu ppm 23 120 15 73 110 90 75 29 58 51 110 82 31 91 100 100 88 170 57 31

INVOICE TO: _{Gossan Resources - Winnipeg} Jul 14/06 SIGNED File Name S19624 S19624 S19624 S19624 S19624 S19624 819624 819624 819624 819624 819624 819624 S19624 S19624 S19624 819624 819624 S19624 819624 S19624 ~ ~ Mark Acres

-REPORT No. S19624 INVOICE #:39315 P.O. : \ -Quality Assurance Page 1 of 6

-"---

_{T S L}

_{#2 - 302 48}th

Street· Saskatoon, SK . S7K 6A4

LAB 0 RAT 0 R I

ESP

_{(306) 931-1033 F (306) 242-4717 E [email protected]}

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - 171 Donald 8treet Winnipeg, Manitoba R3C 1M4 97 Rock/O Pulp 862521 862522 862523 862524 862525 862526 862527 862528 862529 862530 862531 862532 862533 862534 862535 862536 862537 862538 862539 862540 COPIE8 J. Pedersen Project: A.G. Au g/t <.03 <.03 <.03 <.03 1.42 <.03 <.03 .24 <.03 5.14 <.03 .26 <.03 .10 <.03 <.03 .82 <.03 .41 .07 TO: R. Cooke Au1 g/t <.03 .19 <.03 eu ppm 61 14 45 72 75 21 58 25 18 26 19 110 3 120 78 18 61 12 39 7

INVOICE TO: _{Gossan Resources - Winnipeg} Jul 14/06 File Name S19624 819624 819624 Sl9624 819624 819624 819624 819624 819624 819624 Sl9624 819624 Sl9624 S19624 519624 S19624 819624 Sl9624 819624 819624 REPORT No. 819624 INVOICE #:39315 P.O. : -~

---

_{T S L}

_{#2 - 302 48}th

Street· Saskatoon, SK . S7K 6A4

LABORATORIES

P(306)931-1033 F(306) 242-4717 [email protected]

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - 171 Donald 8treet Winnipeg, Manitoba R3C 1M4 97 Rock/O Pulp 862541 862542 862543 862544 862545 862546 862547 862548 862549 862550 862551 862552 862553 862554 862555 862556 862557 862558 862559 862560 COPIE8 J. Pedersen Project: A.G. Au g/t <.03 .46 .05 3.33 <.03 <.03 <.03 4.12 .14 2.78 .65 .50 .07 1. 25 .45 .62 .26 .19 <.03 9.69 TO: R. Cooke Aul g/t .05 6.62 .03 Cu ppm 8 61 270 71 28 78 30 100 140 320 16 100 46 130 18 69 41 22 83 130

INVOICE TO: Gossan Resources - Winnipeg Jul 14/06 SIGNED File Name 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 ..,...e;~ Mark Acres

-REPORT No. 819624 INVOICE #:39315 P.O. : Quality Assurance Page 3 of 6

---

_T

_S

_L

#2 - 302 48th

Street· Saskatoon, SK . S7K 6A4

LAB O:R ATO R IE S

_{P (306) 931-1033 F (306) 242-4717 E [email protected]}

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - 171 Donald 8treet Winnipeg, Manitoba R3C IM4 97 Rocklo Pulp 862561 862562 862563 862564 862565 862566 862567 862568 862569 862570 862571 862572 862573 863377 863378 863379 863380 863381 863382 863383 COPIE8 J. Pedersen Project: A.G. Au glt <.03 .17 <.03 .31 <.03 <.03 <.03 <.03 .62 .65 <.03 <.03 <.03 <.03 <.03 <.03 .21 .27 .41 <.03 TO: R. Cooke Au1 glt <.03 <.03 <.03 Cu ppm 21 110 13 58 32 10 110 86 150 120 150 14 120 110 210 5 99 230 31 4

INVOICE TO: _{Gossan Resources - Winnipeg} Jul 14/06 File Name 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 519624 819624 819624 819624 819624 819624 REPORT No. S19624 INVOICE #:39315 P.O. :

---

_{T S L}

_{#2 - 302 48}th

Street· Saskatoon, SK • S7K 6A4

LAB 0 RAT 0 R IE S

P (306) 931-1033 F (306) 242-4717 E [email protected]

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - 171 Donald 8treet Winnipeg, Manitoba R3C 1M4 97 Rock/O Pulp 863384 863385 863386 863387 863388 863389 863390 863391 863392 863393 863394 863395 863396 863397 863398 863399 863400 AuM-3 AuM-3 AuM-3 COPIE8 J. Pedersen Project: A.G. Au g/t <.03 <.03 <.03 .98 .98 .12 .31 .05 <.03 .45 .17 .53 <.03 3.93 <.03 .07 .26 6.62 7.13 6.48 TO: R. Cooke Au1 g/t <.03 .09 eu ppm 120 100 16 68 110 65 110 88 83 140 74 68 17 49 110 86 84

INVOICE TO: Gossan Resources - Winnipeg

Jul 14/06 SIGNED File Name 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624 819624

~

Mark Acres -REPORT No. 819624 INVOICE #:39315 P.O. : Quality Assurance Page 5 of 6

---

_{T S L}

_{#2 - 302 48}th _{Street· Saskatoon, SK • S7K 6A4}

lAB 0 RAT 0 R I ESP

(306) 931·1033 F (306) 242-4717 E [email protected]

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - 171 Donald street Winnipeg, Manitoba R3C IM4 97 Rocklo Pulp AuM-3 AuM-3 7707 7707 J. Pedersen project: A.G. Au glt 6.58 6.89

COPIE8 TO: R. Cooke

Aul glt Cu ppm 200 200

INVOICE TO: Gossan Resources - Winnipeg

File Name SI9624 819624 819624 819624 REPORT No. S19624 INVOICE #:39315 P.O. :

--..

T S L

#2 - 302 48th

Street· Saskatoon, SK . S7K 6A4

LAB 0 RAT 0 R I ESP

(306) 931-1033 F (306) 242-4717 E [email protected]

CERTIFICATE OF ANALYSIS

SAMPLE(S) FROM SAMPLE(S) OF Gossan Resources Ltd. 404 - 171 Donald 8treet Winnipeg, Manitoba R3C 1M4 15 Rock/O Pulp 862601 862602 862603 862604 862605 862606 862607 862651 862652 862653 862654 863451 863452 863453 863454 AuM-3 7707 J. Pedersen Project: A.G. Au g/t <.03 <.03 <.03 <.03 <.03 <.03 <.03 .03 .22 3.55 .98 <.03 <.03 <.03 <.03 6.55

COPIE8 TO: R. Cooke

Au1 g/t

.21

<.03

INVOICE TO: Gossan Resources - Winnipeg

Jul 14/06 Cu ppm 200 360 730 230 100 560 160 91 46 20 9 8 70 94 11 200 File Name 819662 819662 819662 819662 819662 819662 819662 819662 819662 819662 819662 819662 819662 819662 819662 819662 819662 REPORT No. 819662 INVOICE #:39316 P.O. :

~

SIGNED __________________________________ _ Mark Acres - Quality Assurance

Sample 'Line # Number 863201 170E 863202 170E 863203 170 E 863204 170E 863205 165 E 863206 165 E 863207 164 E 863208 154 E 863209 154 E 863210 154 E 863211 152 E 863212 152 E 863213 155 E 863214 146 E 863215 146 E 863216 136 E 863217 135.5 E 863218 135.5 E 863219 135.5 E 863220 135.5 E 863221 133 E 863222 133 E 863223 133 E 863224 133 E 863225 132.5 E 863226 132.5 E 863227 132.5 E 863228 132.5 E 863229 128 E 863230 128 E 863231 125 E 863232 125 E 863233 122 E 863234 118E 863235 118E 863236 116E Length Description (cm) 40 72 98 120 115 82 80 93 87 70 52 53 50 62 90 140 102 90 92 101 60 52 50 70 82 80 110 53 65 60 45 80 65 70 30 120

sheared quartz porphyry with minor quartz stringers

sheared mafic volcanics. Approximatly 20% ankerite. Abundante chlorite sheared quartz porphyry with irregular quartz veins. Approximatly 10% ankerite. quartz porphyry. Approximatly 5-10% ankerite.

sheared quartz pophyry. Minor mafic volcanics. Common quartz pods and stringers, 5-10%. Abundant ankerite and sericite. quartz vein, coarse, white.

quartz porphyry, quartz vein.

sheared mafic volcanics. Abundant ankerite and chlorite.

quartz porphyry and minor sheared mafic volcanics at contact. Irregular quartz veins and pods. Abundant ankerite. coarse white quartz vein. 1-2% pyrite. Minor ankerite and sericite.

quartz porphyry. Quartz pods and veins. 5-10%

sheared mafic volcanics. Quartz veins. Abundant ankerite. Contact at quartz porphyry and mafic volcanics. quartz vein. Minor sericite

quartz vein. Contact with mafic volcanics. Minor sericite.

quartz vein (50-60%) in sheared mafic volcanics. Abundant ankerite and sericite. sheared mafic volcanics. Abundant ankerite.

quartz porphyry with 30-40% sheared mafic volcanics. Major quartz veins. Minor ankerite. sheared quartz porphyry and mafic volcanics at contact. 5-10% quartz stringers.

sheared mafic volcanics and quartz porphyry. 5-10% Quartz stringers. sheared mafic volcanics. Minor quartz stringers(5-10%).

sheared mafic volcanics. Minor quartz stringers.

sheared mafic volcanics and quartz porphyry. 15-20% quartz veins. Abundant chlorite and ankerite. sheared mafic volcanics. Abundant ankerite. 5-10% Quartz stringers.

sheared mafic volcanics. 5-10% quartz stringers. Abundant ankerite (approximately 20%). sheared quartz porphyry. 5-10% quartz veins. Minor ankerite at mafic volcanic contact. sheared quartz porphyry

sheared quartz porphyry. Abundant chlorite (3-5%), and abundant ankerite. sheared quartz porphyry. Abundant chlorite. Minor ankerite and quartz «5%) sheared mafic volcanics. Major quartz veins (20-30%). Abundant ankerite.

sheared mafic volcanic Abundant quartz veins (30-40%). Abundant ankerite. Minor sericite.

sheared mafic volcanics with major quartz veins (50%). Sulphides <1 %. Minor sericite. Abundant ankerite. sheared mafic volcanics in quarts veins. Abundant sericite and ankerite.

sheared mafic volcanics and sheared quartz porphyry. Minor quartz pods and stringers «5%). sheared quartz porphyry, <5% quartz stringers. Abundant ankerite.

quartz vein with minor sheared mafic volcanics. Abundant ankerite and sericite, sheared quartz porphyry. Minor ankerite.

863237 116E 45 863238 116E 30 863239 110E 65 863240 115E 93 863241 115E 92 863242 114E 65 863243 114E 60 863244 114E 50 863245 110E 66 863246 110E 135 863247 100E 135 863248 100E 90 863249 100E 50 863250 196E 56 863251 195E 100 863252 195E 80 863253 194E 118 863254 104E 98 863255 90E 75 863256 90E 130 863257 90E 98 863258 68E 68 863259 90E 130 863260 90E 110 863261 90E 116 863262 89E 126 863263 85E 120 863264 85E 140 863265 85E 131 863266 85E 130 863267 85.5E 120 863268 85.5E 60 863269 85.5E 40 863270 85.5E 130 863271 85.5E 125 863272 85E 140

sheared quartz porphyry

sheared quartz porphyry with 5-10% quartz stringers and minor ankerite

sheared mafic volcanics with more than 40% quartz veins and minor sheared quartz porphyry quartz vein with iron staining

white coarse quartz

quartz vein with minor ankerite «10%)

white quartz with minor ankerite and <10% sericite

sheared quartz porphyry with >30% quartz vien, minor ankerite quartz vein with minor mafic volcanics, abundant ankerite white coarse quartz, minor ankerite

white coarse quartz, minor ankerite white coarse quartz

white coarse quartz, minor sheared mafic volcanics, abundant ankerite

quartz vein with sheared mafic volcanics, abundant sulphides (chalcopyrite and pyrite), minor azurite, abundant ankerite and sericite quartz vein with major sheared mafic volcanics, major ankerite

quartz with minor sheared mafic volcanics and quartz porphyry, abundant ankerite white coarse quartz

white coarse quartz, minor iron staining

quartz vein, high ankerite. Contact at mafic volcanics and quartz quartz vein with sheared quartz porphyry

quartz vein, <5% sheared mafic volcanics, abundant ankerite

sheared mafic volcanics with quartz stringers (5 - 10%), abundant ankerite quartz vein with minor sheared mafic volcanics, high ankerite

quartz vein with minor sheared quarts porphyry, minor ankerite

sheared quartz porphyry with 10-15% quartz stringers and pods, minor ankerite quartz vein with <5% sheared mafic volcanics, abundant ankerite, sericite sheared mafic volcanics with major quartz vein, abundant ankerite white coarse quartz vein, minor sericite, abundant ankerite

quartz vein with minor sheared mafic volcanics, abundant ankerite quartz vein with minor sheared mafic volcanics, abundant ankerite quartz vein with minor ankerite and sericite

sheared mafic volcanics, abundant ankerite, <1 % chalcopyrite, aprox. 5% quartz stringers

contact at sheared quartz porphyry and mafic volcanics, major quartz pods and stringers, abundant ankerite sheared quartz porphyry, small quartz lenses, abundant ankerite

sheared quartz porphyry, abundant ankerite, abundant quatrz pods and stringers

863276 80E 863277 80E 863278 80E 863279 80E 863280 80E 863281 85E 863282 80E 863283 80E 863284 76E 863285 75E 863286 75E 863287 75E 863288 75E 863289 75E 863290 75E 863291 75E 863292 98E 863293 70E 863294 70E 863295 70E 863296 70E 863297 70E 863298 155E 863299 64E 863300 65E 863301 65E 863302 65E 863303 65E 863304 65E 863305 66E 863306 58E 863307 58E 863308 58E 863309 58E 863310 53E 863311 53E 863312 53E 863313 53E 863314 53E 135 135 135 140 135 102 102 60 75 85 85 85 105 90 80 150 55 90 75 110 100 55 65 140 70 110 95 145 85 125 60 50 70 85 105 95 115 60 40

quartz vein with minor sheared quartz porphyry and mafic volcanics, abundant ankerite quartz vein with major sheared quartz porphyry, minor amounts of sericite

sheared quartz porphyry with major quartz stringers, minor ankerite

sheared quartz porphyry with minor sheared mafic volcanics, minor quartz stringers, abundant ankerite, minor chlorite quartz porphyry, <10% ankerite, <1 % pyrite, abundant quartz veins

sheared quartz porphyry with 5-10% quartz stringers, abundant ankerite sheared quartz porphyry with 5-10% quartz stringers, minor ankerite sheared quartz porphyry with 5-10% quartz stringers

sheared quartz porphyry with minor sheared mafic volcancs, <5% quartz pods and veins, major ankerite quartz vein with major sheared mafic volcanics, abundant ankerite

quartz vein with minor sheared mafic volcanics, abundant ankerite and sericite quartz vein with minor sheared mafic volcanics, abundant ankerite and sericite quartz vein with major sheared quartz porphyry, minor sericite and ankerite sheared quartz porphyry with major sheared mafic volcanics, ankerite abundant sheared mafic volcanics with 10-15% quartz stringers and pods

sheared quartz porphyry with 5-10% quartz stringers, minor sheared mafic volcanics, ankerite abundant

quartz vien with minor sheared mafic volcanics. 1-2% pyrite and chalcopyrite, malachite. Abundant ankerite, sericite sheared mafic volcanics with major quartz stringers. Abundant ankerite and sericite.

sheared quartz porphry with abundant quartz stringers. High ankerite. Major sheared mafic volcanics. sheared quartz porphyry with major quartz stringers. Minor ankerite.

sheared quartz porphry. 5-10% quartz stringers and pods. Minor ankerite.

contact between sheared quartz porphry and mafic volcanics. Major quartz stringers, seriicite and ankerite.

quartz vein, at contact of sheared mafic volcanics and quartz porphry. Abundant sericite and ankerite. Malachite and pyrite;<1 %. sheared quartz porphry with 5-10% quartz pods and stringers. Low ankerite and sericite.

quartz vein with minor sheared mafic volcanics. At contact. 1-2% chalcopyrite. quartz vein with minor sheared mafic volcanics. Ankerite abundant, minor sericite. sheared mafic volcanics with minor quartz stringers. Ankerite abundant. 1-2% pyrite.

sheared quartz porphry, minor sheared mafic volcanics, minor quartz pods and stringers. Ankerite abundant. quartz vein with major sheared quartz porphry. Low ankerite and sericite.

sheared quartz porphry with minor sheared mafic volcanics. Minor quartz stringers

sheared quartz porphry with abundant quartz stringers and minor sheared mafic volcanics (contact). Abundant ankerite. sheared quartz porphry with minor sheared mafic volcanics. Less than 5% quartz stringers. Ankerite abundant.

sheared quartz porphry with <5% quartz stringers, ankerite abundant.

sheared quartz porphry with abundant quartz stringers and pods. Ankerite abundant. Minor sheared mafic volcanics. sheared mafic volcanics with minor quartz stringers. Ankerite abundant.

sheared mafic volcanics with <5% quarts pods and stringers. 1-2% pyrite.ankerite abundant. sheared mafic volcanics with 5-10% quartz pods and stringers. Ankerite abundant.

contact at sheared mafic volcanic and quartz porphry. Quartz stringers and pods abundant, also ankerite.

863315 53E 105 sheared mafic volcanics with abudant quartz pods and stringers. Ankerite abundant. 863316 53E 65 sheared quartz porphry with <5% quartz stringers.

863317 53E 50 sheared mafic volcanics with abundant quartz stringers and minor sheared quartz porphry. 863318 47E 60 sheared quartz porphry with low quartz stringers and sheared mafic volcanics. Ankerite abundant. 863319 47E 70 sheared mafic volcanics. Ankerite abundant.

863320 47E 90 sheared mafic volcanics with minor sheared quartz porphry. 5-10% quartz stringers. Ankerite abundant. 863321 47E 85 sheared quartz porphry and mafic volcanics. Low quartz pods and stringers. 1-2% pyrite. ankerite abundant. 863322 47E 90 sheared mafic volcanics, minor sheared quartz porphry. Ankerite abundant. <1 % pyrite.

863323 47E 90 sheared mafic volcanics. Ankerite abudant, minor quartz stringers. <1 % pyrite.

863324 38E 90 sheared quartz porphry with minor sheared mafic volcanics. Ankerite abudant. Major quartz stringers. 863325 30E 140 sheared mafic volcanics. Minor sheared quartz porphry. Ankerite abundant. Minor quartz stringers. 863326 30E 55 sheared mafic volcanics with minor quartz stringers. <1 % pyrite.

863327 29E 110 sheared quartz porphry with major quartz vein. Ankerite abundant.

863328 29E 60 sheared quartz porphry and mafic volcanics. Major quartz stringers. Ankerite abundant. 863329 29E 110 sheared quartz porphry and mafic volcanics. Major quartz stringers. Ankerite abundant.

863330 44E 95 sheared mafic volcanics with abundant quartz pods and stringers. 1-2-% pyrite. High ankerite, low sericite. 863331 29E 90 sheared quartz porphry with minor sheared mafic volcanics and abundant quartz stringers and ankerite. 863332 30E 100 Sheared quartz porphyry with qatz stringers

863333 23E 123 sheared mafic volcanics. Ankerite abundant. Minor quartz stringers. 863334 22E 25 sheared quartz quartz porphry with low ankerite. Abundant quartz vein. 863335 20E 110 sheared mafic volcanics. Abundant ankerite.

863336 20E 50 sheared mafic volcanics. Abundant ankerite. Abundant quartz pods and stringers. 863337 20E 60 quartz vein. Low ankerite, low sheared quartz porphyry. <1% chacopyrite.

863338 20E 40 sheared quartz porphyry with low quatz stringers. Low ankerite.

863339 15E 130 quartz vein. Abundant ankerite. Low sericite. Low mafic volcanics. 1-2% chalcopyrite and pyrite. 863340 10E 65 sheared quartz porphyry. Low quartz stringers. Abundant ankerite.

863341 10E 45 sheared mafic volcanics. Low quartz stringers. Abundant ankerite. 863342 10E 75 quartz vein. Abundant ankerite.

863343 4E 125 sheared mafic volcanics with abundant quartz pods and stringers. Abundant ankerite.

863344 4E 70 sheared mafic volcanics and quartz porphyry (at contact). Abundant quartz stringers. Abundant ankerite. 863345 4E 90 sheared quartz porphyry with abundant quartz. Low ankerite. Low sericite.

863346 4E 25 sheared quartz porphyry with abundant quartz stringers. Low sericite. 863347 4E 55 sheared wuartz porphyry with abundant quartz and abundant ankerite. 863348 4E 16 sheared quartz porphyry. Abundant quartz. Abundant ankerite.

863349 1E 35 quartz vein. Low sericite. Low ankerite.