Exhibit 99.2
Summary Geological
Geochemical Report On The
CADE Mineral Claim
Northing 5566000 m
Easting 538000 m
Longitude 123(0)05' W Latitude 50(0)29' N
UTM Zone 10
Map Sheets M092J0 6E
Lillooet Mining Division
FOR
Northern Exploration Ltd.
Suite 1120-470 Granville Street
Vancouver, B.C. V6C 1V5
GEOLOGIST
George Nicholson, P.Geo.
Date: February, 2005
TABLE OF CONTENTS
Page
----
List Of Figures.............................................................. 3
1. Summary.................................................................. 4
2. INTRODUCTION............................................................. 5
2.1 Disclaimer...................................................... 5
3. Property Description And Location........................................ 6
4. Access, Climate, and Physiography, Local Resources and Infrastructure.... 7
5. Property History......................................................... 8
6. Geochemical and Geological Setting....................................... 9
6.1 Geology of Claim................................................ 9
7. Regional Geophysics......................................................10
7.1 Geophysics of Claim.............................................10
8. Recent Exploration Work..................................................10
10. Conclusions..............................................................11
11. Recommendations for Exploration..........................................12
12. BUDGET...................................................................13
Budget - Phase I.....................................................13
Budget - Phase II....................................................13
Phase III............................................................14
Budget - Phase III...................................................14
13. Statement Of Qualifications..............................................15
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LIST OF FIGURES
Following Page
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Figure 1. Location Map................................................ -6-
Figure 2. Claim Map Location, Regional Geology & Geochemistry......... -9-
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1. SUMMARY
In 2004, Cade claim was staked and sold to Northern Exploration Ltd.
Geological prospecting in the area identified mineralised boulders was
reviewed to establish and evaluate the trend of these sulphide rich
volcanic rocks as they relate to the claim and geophysical and satellite
data was acquired and analyzed.
The Property is located south of Lillooet River approximately 25 kilometres
west northwest of Pemberton in south-western British Columbia consists of
one unpatented four post mineral claim representing 20 units. The
vegetation is typical rain forest found on the coastal-interior ranges of
British Columbia and the elevation runs from Lillooet River at about 850
feet, to the ridge tops and peaks near the north side of the property in
excess of 7000 feet.
The geological mapping review and satellite interpretation has confirmed
the potential of the property. Further work is required to fully evaluate
the claims.
It is recommended that a Phase I program of geological mapping, sampling
and prospecting be undertaken to further define areas of potential
interest. This will cost some $5,000. An additional $5,000 of further
geological investigation will follow a successful Part I. Continuing work
will involve a detailed airborne EM geophysics programme and follow-up,
costing approximately $40,000 for the claim.
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2. INTRODUCTION
In 2004, the Cade claim was staked and sold to Northern Exploration Ltd.
The company acquired the property in order to evaluate the local potential
for base and precious metal deposits, associated with belt of Gambier
rocks, host rock of the Britannia Mine extending northwest, from Whistler,
BC. This claim forms the basis for this report.
2.1 DISCLAIMER
This report was initiated by the President of Northern Exploration Ltd. to
evaluate the area of the claim and to recommend an exploration program to
develop its mineral prospects and to be filed with the appropriate
regulatory bodies.
In order to write the report, the area geology and past exploration was
researched to gain a better understanding of the potential. The report
includes the initial prospecting and preliminary geological work completed
by the author in the surrounding region.
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3. PROPERTY DESCRIPTION AND LOCATION
The Property is located south of Lillooet River approximately 25 kilometres
west northwest of Pemberton in south-western British Columbia (Figure 1,
UTM Zone 10, Map Sheet M092J0 6E,). Logging roads are found on the south
and north of the claim group but only open less than 10% of it to vehicle
supported exploration. Permitting for initial exploration work has already
been obtained.
The Property consists of one unpatented four post mineral claim
representing 20 units that have been staked and recorded and occur in the
Lillooet mining division. The claim of Northern Exploration Ltd. parameters
is delineating below and is displayed on Figure 2.
TABLE 1. LILLOOET LAKE CADE CLAIM
Claim Name Units Record # Expiry Date Map Sheet Locator Agent for *
- ---------- ----- -------- ----------- --------- ------- -----------
Cade 20 414553 August 18, 2005 M092J06E L. Stephenson Gillian Wells
TOTAL 20 UNITS
In British Columbia, each unit equals 25 hectares.
All claims staked in British Columbia require $100 worth of assessment work
to be undertaken in Years 1 and 2, followed by $200 per claim per year
thereafter. There are no known environmental concerns or parks designated
for any area contained within the claim. Lillooet River has limited
recreational uses and it has no official designation. The region is
principally logged.
The property has no encumbrances. As advanced exploration proceeds there
may be bonding requirements for reclamation.
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Northern Exploration Ltd. has acquired outright for a total cost of $2,500
U.S., a 100% interest in the property subject to a 2.5% Net Smelter
Royalty.
4. ACCESS, CLIMATE, AND PHYSIOGRAPHY, LOCAL RESOURCES AND INFRASTRUCTURE
The Cade property lies just off a paved highway immediately south of the
Pemberton Meadows on Lillooet River, in British Columbia's southern Coast
Mountains. The property is approximately 25 km west northwest of the town
of Pemberton, and approximately 115 km N of Vancouver. It can be accessed
by two wheel drive vehicle in about 3 hours from Vancouver via the
Sea-to-Sky Highway 99: north along Howe Sound from Vancouver's North Shore
to Squamish, and then through the winter resort town of Whistler to
Pemberton. Pemberton is a fully-serviced community of some 3,000 people and
through which the BC Rail mainline runs as does major power transmission.
Local access to the property is only practical via helicopter, but a
year-round helicopter base in nearby Pemberton is only 15 minutes
flight-time away. Lillooet River is at an elevation of about 850 feet, and
the ridge tops and peaks near the east side of the property are in excess
of 7000 feet, so the intervening slopes are commonly steep. Lower slopes
heavily forested and mantled by thick glacial drift and colluvium, although
local cliffs and creek canyons afford good rock exposure. On the higher
slopes, tree line varies in elevation from about 5000 to 6000 feet, and
bedrock exposure is generally excellent. Park infrastructure in the area is
long established and unlikely to change. No parks or recreational sites are
within 10 km of the property. All the major drainages flow year round as do
many subsidiary creeks. As well the area is set aside for industrial
(logging, mining) purposes.
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The vegetation is typical rain forest found on the coastal-interior ranges
of British Columbia. There is a mix of cedar, hemlock, spruce trees with
alder, willow and cottonwood on old roads and poorly drained areas.
Undergrowth brush is typical with salal, devil's club and assorted berry
bushes. Climate is subtly changed from the lower mainland area with longer,
colder winters and warmer summers. The most snow observed on the tops of
the hills was 4 metres in late January.
Lillooet River Valley is an active logging and farming region with plenty
of heavy equipment and operators available for hire. Most live in
Pemberton, Lillooet, Whistler or Squamish. All these population centres
totalling almost 30,000 people are within a one to two hour drive of the
project and provide all amenities including police, hospitals, groceries,
fuel, helicopter services, hardware and other necessary items. Drilling
companies are present in communities nearby while assay facilities are
located in Vancouver.
5. PROPERTY HISTORY
The Cade claim were staked following initial field investigations that
discovered mineralized boulders down slope from the property. Several
unexplained regional geochemical survey (RGS) stream sediment anomalies are
also present throughout the drainages drain the area of the claim.
Extensive research uncovered no previous property-scale work that had been
done in the immediate area of the claim. As well there are no recorded
mineral occurrences or reports of assessment work in the watersheds from
which the anomalous samples were collected (C.F., B.C. Minfile).
Several showings in volcanogenic rocks are reported to contain disseminated
to massive sulphides approximately 12 kilometres to the north east. As well
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the area to the south where most recent staking activity is ongoing has a
showing of copper and molybdenum approximately 7 kilometres to the south
west.
6. GEOCHEMICAL AND GEOLOGICAL SETTING
Anomalous RGS samples south of the Cade property were first noted during
research into the exploration potential of the area in the vicinity of the
discovered boulders. The anomalous RGS samples are multi-element and they
have a well-developed geochemical signature (Cu Pb Zn Ag) that is
indicative of a source which includes volcanic rocks and sulphides. All of
the samples draining the immediate area to the south of the claim are
anomalous in Cu Pb and Zn while Ag is present in the one drainage off the
claim and Pb and Zn values are found in one drainage to the north of the
claim.
N.B. Elemental abbreviations - as found on periodic tables - are used
throughout Pb=lead, Cu=copper, Zn=zinc, Ag=silver, As=arsenic, Ni=nickel
Au=gold).
In spite of the fact that mainly plutonic rocks are shown on regional
geologic maps of the area (Figure 2), the noted presence of volcanics in
the vicinity of the claim suggests that more extensive favourable rock
types exist in the area directly related to the anomalous samples and
volcanogenic massive sulphide zones could exist in the area.
6.1 GEOLOGY OF CLAIM
The area of the claim is mapped as being underlain by Cretaceous - Jurassic
Age plutonic rocks of the Coastal Crystalline Complex. A later volcanic
unit of Miocene age overlies this intrusive to the west of the claim.
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Volcanic boulders containing sulphides were located in drainages south of
the claim and probably represent rock types on the claim.
A fault bounded slice of Gambier volcanic rocks extends just south east of
the claim and is projected towards the claim.
7. REGIONAL GEOPHYSICS
The area of the claim does not have a published Geological Survey of Canada
airborne magnetometer survey. Data from the B.C Government files suggest
that the property appears to be on the flank of a high magnetic response
associated with the volcanics to the north. A similar response associated
with the Gambier rocks to the south warrants further investigation.
7.1 GEOPHYSICS OF CLAIM
No ground geophysical surveying has been reported for the Property.
8. RECENT EXPLORATION WORK
A small claims group north of the property has been held for several years
but no report of work has been done on it. Recent staking south of the
claim has occurred but no reported work has been completed to date.
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9. SATELLITE INTERPRETATION
Satellite images that were posted on the B.C. Government website were
reviewed. The area of the claim has some structural clues that could be of
assistance in the search for mineral deposits. The data collected for the
property areas originated from satellite photos taken circa 1990.
The most prevalent feature is the primarily northwest-southeast lineaments
intersecting with the more east-west lineaments that are represented by the
major drainages. This is of particular interest on the Cade claim block,
where one of these lineaments which has been mapped as a fault crosses onto
the property intersecting geological contacts, or some other form of break.
They all signify areas to focus in on, particularly at intersections.
10. CONCLUSIONS
It is possible that a volcanogenic massive sulphide host rocks as
represented by the discovered boulders could be found as a screen cover
overlaying or within much younger plutonic rocks mapped on the property on
a very cursory regional scale. Such a target on the Cade claim is
considered very attractive, not only because of the geochemistry and
inferred geological continuity, but also because of the apparent lack of
previous exploration. Few mineral claims in good standing exist on the
south side of river, and no Minfile occurrences have been recorded.
Prospecting of boulders on the road system has shown that mineralized
volcanic rocks could exist on the property and possibly contain Cu Pb, and
Zn sulphides.
The property has significant merit as a potential host of economic mineral
zones. Further work is required to fully evaluate the claim.
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11. RECOMMENDATIONS FOR EXPLORATION
The Cade property is at an early stage of exploration. Access is formidable
but the lower parts of the property can be worked for much of the year.
Initially, the property still requires reconnaissance geology, geochemistry
and prospecting to better establish the presence and position of the rocks
of exploration interest.
A two stage program is recommended with the first stage to consist of
geological mapping and prospecting and geochemical sampling. Helicopter
support to establish the crew in the more inaccessible areas is
anticipated.
If the geochemistry is correct, and a belt of potential host rocks is
identified strong consideration should be given to staking more claims
early in the initial program.
Flying an airborne geophysical survey, with (magnetics, EM, and perhaps
radiometrics), to help determine and guide any recommended follow-up work.
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12. BUDGET
The initial phase of exploration for the claim will consist of detailed
geological mapping of all roads within and buttressing the claim and silt
sampling of every drainage or draw (soil sampling if necessary). This work
is important in establishing the base and anomalous geochemical values and
the structural implication of the drainages as faults or contacts.
The Phase I budget will cover initial geological mapping; silt (soil if
necessary) geochemical sampling of defined drainages; and prospecting. It
is estimated to cost $3,200 as described below. All figures in US dollars.
BUDGET - PHASE I
Geologist 3 day @ $400/day $ 1,200
Geotechnician 3 days @ $350/day $ 1,050
Equipment rental 1 x 4 wheeldrive vehicle $ 300
Fuel, Food, Field Supplies $ 400
Assays 20 @ $20 each $ 400
Helicopter 1 hour @ $1,000 $ 1,000
Report $ 500
Filing Fees $ 150
-------
TOTAL $ 5,000
=======
BUDGET - PHASE II
Follow-up Geochem and Detailed Geology $ 5,000
[Will include Geologist, Geotechnician, Fuel, Food, Field Supplies, Assays
and Helicopter support]
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PHASE III
Following successful geological mapping, sampling and prospecting of Phase
I and II, it is recommended that a Phase III exploration program be
undertaken utilizing a helicopter equipped, deep penetrating airborne EM
system (such as AeroTem) to conduct a detailed geophysical survey of the
target areas to further refine the targets. Detailed grid establishment
followed by geological mapping and geochemical surveying would be conducted
prior to diamond drilling (Phase III).
BUDGET - PHASE III
1. Airborne EM Survey 100 line km @ $150/km $ 15,000
2. Follow-up geological surveys $ 25,000
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TOTAL $ 40,000
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13. STATEMENT OF QUALIFICATIONS
I, George E. Nicholson, of 21910 - 61st Avenue, Langley, British Columbia
hereby certify that:
1. I am a graduate of the University of British Columbia with a degree in
Geology (B.Sc., 1986);
2. I have practiced my profession as a Geologist continuously since
graduation;
3. I am a director of Garex International Exploration Corp.;
4. I am a member of the Association of Professional Engineers and
Geoscientists of the Province of British Columbia (No. 19796);
5. I am a Fellow of the Royal Geographic Society (No. 423161);
6. There are no material facts or material changes in the subject matter
of this report that would mislead the reader;
7. I have no interest, direct or indirect, in the properties or common
shares of Northern Exploration Ltd., nor do I expect to receive any;
8. I have been involved in exploration of Harrison Lake and surrounding
ground since claim acquisition commenced;
9. I have read National Policy Instrument 43-101 and Form 43-101 F1 and
this technical report has been prepared in accordance with this policy
and form; and,
10. I hereby grant my permission for Northern Exploration Ltd. to use this
Report for any corporate use normal to their business.
DATED at Vancouver, British Columbia this _____ day of February, 2005.
------------------------------------
George E. Nicholson, P.Geo., FRGS
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14. REFERENCES
Ash, C. 2002. Geology of the East Harrison Lake Belt, southwestern British
Columbia; British Columbia Ministry of Energy and Mines, Geological
Fieldwork 2001, Paper 2002-1, pp. 197-209.
Geological Survey of Canada, 1972, Airborne Magnetic Survey as compiled by
the British Columbia Geological Survey
Journeay, J.M., and Monger, J.W.H. 1994. Guide to the geology and tectonic
evolution of the southern Coast Mountains; Geological Survey of Canada,
Open File 2490, 77 p.
MinFile # 092JSW018; 092JNE170.
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