Exhibit 99.2
Review and Recommendations
Acid 1-4 Mineral Claims
Goldfield Project Area
Esmeralda County
Nevada, USA
Prepared by: James W. McLeod, P. Geo.
For: Lucky Strike Explorations Inc.
Dated: February 2, 2007
Table of Contents
Page
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Contents 2
Illustrations 3
0.0 Summary 4
1.0 Introduction and Terms of Reference 4
1.1 Glossary 5
2.0 Disclaimer 6
3.0 Property Description and Location 7
4.0 Accessibility, Climate, Local Resources,
Infrastructure and Physiography 7
5.0 History 9
6.0 Geological Setting
6.1 Regional Geology 9
6.2 Local Geology 9
6.3 Property Geology 10
6.4 Deposit Type 10
6.5 Mineralization 11
7.0 Exploration
7.1 Geophysics of the Acid Mineral Claims 11
7.2 Geochemistry of the Acid Mineral Claims 11
8.0 Drilling 11
9.0 Sampling Method and Approach 11
9.1 Results 12
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Page
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10.0 Sample Preparation, Analyses and Security 12
11.0 Data Verification 13
12.0 Adjacent Properties 13
13.0 Mineral Processing and Metallurgical Testing 13
14.0 Mineral Resource and Mineral Reserve Estimates 13
15.0 Other Relevant Data and Information 13
16.0 Interpretation and Conclusions 13
17.0 Recommendations 14
17.1 Recommended Drilling 15
18.0 References 15
19.0 Author's Qualifications and Certification 15
Illustrations
Location
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Figure 1. Location Map, As Shown after page 4
Figure 2. Claim Area Map, 1:63,360 after page 7
Figure 3a. Regional Geology Map, 1:250,000 after page 8
Figure 3b. Legend For Figure 3a. after Fig. 3a.
Figure 4. Aeromagnetic Map, 1:250,000 after page 10
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0.0 Summary
The Acid property consists of four contiguous, located, lode mineral claims
comprising a total of 82.64 acres. Lucky Strike Explorations Inc., a Nevada,
U.S.A. company is the beneficial owner of the mineral claims.
The general claim area is underlain by alluvial and playa deposits of Quaternary
age.
The underlying rock units exhibit a distinctive aeromagnetic pattern that could
indicate a response to deformation due to structural features, such as faulting,
folding and rock alteration. Much or all of the mineral claims are drift or
overburden covered and offer exploration potential. The author feels that the
potential exists for movement of mineralizing fluids to have impregnated this
northwesterly to north-northwesterly trending zone. These fluids could emanate
from deeper occurring intrusions and travel along structurally prepared conduits
in the underlying bedrock.
In this particular area, a second potential model for ore emplacement could be
from young volcanic vents and the air fall events such as the "flowing
avalanche" or Nuees Ardentes and the subsequent or contemporaneous introduction
of possibly significant silver values.
The mineral claim is favorably situated and may require geophysical surveys to
determine in more detail its potential following the initial prospecting,
mapping and reconnaissance soil geochemistry program. An exploratory drilling
program could follow the Phase 1 - 3 surveys and be contingent upon positive
results being obtained from the previous fieldwork.
The object of our initial exploration undertaking is to assess areas that may
require more detailed investigations to assist in determining their economic
significance.
1.0 Introduction, Terms of Reference
The report of "Acid Mineral Claims, Goldfield Project Area, Esmeralda County,
Nevada, USA", includes the property and surrounding geology, history, past
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exploration and mineral potential. This report is being done at the request of
the Board of Directors of Lucky Strike Explorations Inc. The author of this
report is a Qualified Person. He is a registered Professional Geoscientist,
#18,712 and a member in good standing with The Association of Professional
Engineers and Geoscientists of British Columbia. The author has worked in the
general area many times during the past 34 years.
For a glossary of common geological terms used in this report it is suggested by
the author in using a computer online search engine such as "Google". Search for
"Dictionary of Earth Science Terms", then look-up the appropriate definitions.
For more specific geographic names and geological terms refer to the enclosed
definitions list in the Glossary of this report.
1.1 Glossary
(Specific to a Report on the Acid Mineral Claims, by James W. McLeod,
P.Geo. (BC), Consulting Geologist dated January 31, 2007 on behalf of
Lucky Strike Explorations Inc.)
AEROMAGNETIC SURVEY - a magnetic survey conducted from the air normally
using a helicopter or fixed-wing aircraft to carry the detection
instrument and the recorder.
ALLUVIAL - unconsolidated sediments that are carried and hence
deposited by a stream or river. In the southwest USA most in filled
valleys often between mountain ranges were deposited with alluvium.
ANDESITIC TO BASALTIC COMPOSITION - a range of rock descriptions using
the chemical make-up or mineral norms of the same.
APHANITIC - fine grained crystalline texture.
BLIND-BASIN - a basin practically closed off by enveloping rock
exposures making the central portion of unconsolidated alluvial basin
isolated.
ELONGATE BASIN - a longer than wide depression that may be favorable to
in-filling by adjacent eroding mountains.
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FORMATION - the fundamental unit of similar rock assemblages used in
stratigraphy.
INTERMONTANE BELT - between mountains (ranges), a usually longer than
wide depression occurring between enclosing mountain ranges that supply
erosional material to infill the basin.
LODE MINERAL CLAIM (NEVADA) - with a maximum area contained within
1500' long by 600' wide = 20.66 acres.
OVERBURDEN OR DRIFT COVER - any loose material which overlies bedrock.
PLAGIOCLASE FELDSPAR - a specific range of chemical composition of
common or abundant rock forming silicate minerals.
PLAYA - the lowest part of an intermontane basin which is frequently
flooded by run-off from the adjacent highlands or by local rainfall.
PORPHYRITIC IN AUGITE PYROXENE - Large porphyroblasts or crystals of a
specific rock-forming mineral, i.e. augite occurring within a matrix of
finer grained rock-forming minerals.
QUARTERNARY - the youngest period of the Cenozoic era.
SNOW EQUIVALENT - Approximately 1" of precipitation (rain) = 1' snow.
SYENITE - Coarse grained, alkalic, low in quartz intrusive rock.
TRACHYTE - fine grained or glassy equivalent of a syenite.
VOLCANICLASTIC - Angular to rounded particles of a wide range of size
within (a welded) finer grain-sized matrix of volcanic origin.
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2.0 Disclaimer
The author reviewed the historical data and has personally visited the property
area. This report is entirely the responsibility of the author who based his
recommendations and conclusions on his personal experience in the general area
and mineral exploration business and upon sources of information that are
identified.
3.0 Property Description and Location
The Acid mineral claims consist of 4 located mineral claims in one contiguous,
2x2 group (see Figure 2) that are listed as follows:
Name Area Good to Date
---- ---- ------------
Acid 1 20.66 ac. Sept. 30, 2007
Acid 2 20.66 ac. Sept. 30, 2007
Acid 3 20.66 ac. Sept. 30, 2007
Acid 4 20.66 ac. Sept. 30, 2007
The beneficial owner of the above listed mineral claim is Lucky Strike
Explorations Inc., President, Michael Noble, 8290 West Sahara Avenue, Las Vegas,
Nevada 89117
The Acid mineral claims are comprised of 4 contiguous claims (see Figure 2)
totaling 82.64 acres. The mineral claim area may be located on the Esmeralda
County 1:250,000 map sheet. At the center of the property the latitude is
37(degree) 40' N and the longitude is 117(degree) 18' W. The claims are motor
vehicle accessible from the Town of Goldfield, Nevada by traveling 3 miles south
along Highway 95 to the Montezuma Ridge cut-off and then 6 miles southwest on
the gravel road to the mineral claims.
4.0 Accessibility, Climate, Local Resources,
Infrastructure and Physiography
The Acid property lies in the west central area of the State of Nevada west
- -southwest of the Town of Goldfield and is accessible from Highway 95 by
traveling south of the Town for 3 miles to the Montezuma Ridge cut-off and then
traveling southwest for 6 miles to the property.
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The area experiences about 4" - 8" of precipitation annually of which about 20%
may occur as a snow equivalent. This amount of annual precipitation reflects a
climatic classification of arid to semi-arid. The summers can experience hot
weather, middle 60's to 70's F(degree) average with high spells of 100+F(degree)
while the winters are generally more severe than the dry belt to the west and
can last from December through February. Temperatures experienced during
mid-winter average for January of from the high 20's to the low 40's F(degree)
with low spells down to -20 F(degree).
The Town of Tonapah that lies 26 miles to the north of Goldfield, NV offers much
of the necessary infrastructure required to base and carry-out an exploration
program (accommodations, communications, equipment and supplies). Larger or more
specialized equipment can likely be acquired in the City of Las Vegas lying 209
miles by paved road (Highway 95) to the south.
Infrastructure such as highways and secondary roads, communications,
accommodations and supplies that are essential to carrying-out an exploration
and development program are at hand, between Tonopah, Goldfield and Las Vegas.
The physiography of the Acid property is low rounded to rugged mountainous
ranges that in the immediate area are arcuate in topographic shape with
intervening broader valleys. Topographic extremes are in the vicinity, Boundary
Peak, the highest point in Nevada at 13,145' lies 57 airmiles to the northwest
of the property and 90 airmiles to the south and just across the border in
California, the lowest land point in the USA, Furnace Creek in Death Valley
National Park that is -178' in elevation. Much of this area with its broad open
valleys and spiney mountain ridges hosts sagebrush and other desert plants on
the low hill slopes. Joshua trees and cacti, such as the prickly pear grow as
far north as Goldfield. Juniper and pinon grow above 6,500' with pinon becoming
more dominant at higher elevations. At elevations in the range of 7,500' along
water courses are found small groves of trembling aspen.
Mining holds an historical and contemporary place in the development and
economic well being of the area.
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The claim areas' elevation is approximately 5,900 feet mean sea level. The
physiographic setting of the property can be described as open desert in the
valleys within a mosaic of rugged mountain ranges in an interior plateau
setting. The area has been surficially altered both by fluvial and wind erosion
and the depositional (drift cover) effects of infilling. Thickness of drift
cover in the valleys may vary considerably. Surface water occurrences are rare,
springs are sparse and subsurface aquifers are accessed by drilling wells where
allowed.
5.0 History
The recorded mining history of the general area dates from the 1860's when
prospectors passed through the area. The many significant lode gold and other
mineral product deposits developed in the area was that of the Goldfield Camp,
1905, Coaldale coal field, 1913, Divide silver mining District, 1921 and the
Candalaria silver mine which operated as an underground lode gold deposit in
1922 and again in the 1990's as an open cut, cyanide heap leach operation.
6.0 Geological Setting
6.1 Regional Geology
The regional geological map of Nevada, scale 1:1,000,000 compiled by John H.
Stewart and John E. Carlson, 1977 depict the State as being underlain by all
types of rock units. These appear to range from oldest to youngest in an east to
west direction, respectively. The oldest units are found to occur in the
southeast corner of the State along the Colorado River. The bedrock units
exhibit a north-south fabric of alternating east-west ranges and valleys
suggesting E-W compression. Faulting plays a large part in many areas of Nevada
and an even larger part in the emplacement of mineral occurrences and ore
bodies.
6.2 Local Geology
The local geology to the southwest of Goldfield, NV reveals a NE-SW trending,
elongate or elliptical blind-basin bounded, i.e. closed off around its
circumference by rock exposures.
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Throughout this outcropping ring-shaped feature are abundant, scattered rock
exposures of Lower - Middle Paleozoic carbonate and aphanitic to very fine grain
sized sediments, as quartzite, siltstone, claystone and more abundant limestone.
Some transitional metamorphic rocks are interspersed. A myriad of Tertiary
volcanic rocks and minor sedimentary units overlie the old Paleozoic units.
6.3 Property Geology
The geology of the Acid property area may be described as being covered by
Quaternary alluvium and playa deposits and some Lower Paleozoic limestone. This
young covered basin within a larger surrounding area of known mineral
occurrences exhibiting good geological setting portrays an excellent target area
to conduct exploration. The outcrops partially surrounding or flanking the
alluvial covered valley underlying the mineral claim area suggests mineral
occurrences or structurally prepared bedrock may be sought after in those areas.
6.4 Deposit Type
The deposit types that are found occurring in the regional area and the more
localized areas vary considerably. Silver and gold quartz veins predominate at
Tonopah. Some of the most productive veins represent the silicification and
replacement of sheeted zones of trachyte that was originally marked by close-set
parallel fractures, but not faulting. Essentially of two types of quartz veins
as determined by their host either 1) older pre-Tertiary volcanic rocks, i.e.
Silver Peak (Mineral Ridge area), Weepah and Hornsilver or 2) Tertiary rhyolite
host rocks such as Tonopah and other younger volcanic rocks, i.e. Goldfield and
Divide. Base metal deposits are more commonly of interest now than in the past
except in the hour of need such as wartime.
The industrial mineral barite vein or bedded prospects have been recognized in
the general claim area.
The deposit types that historically predominate in the general area are, as the
larger target, as a porphyry-type base metal (copper-gold or copper-molybdenum)
occurrence with peripheral base and precious metal occurrences as veins and/or
contact zones of mineralization.
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Geophysical techniques may be most effective in the covered areas as a follow-up
to prospecting and soil sampling of the Phase 1 program.
6.5 Mineralization
By far the largest production in the County comes from vein-type of gold and
silver occurrences in quartz fissure in either pre-Tertiary volcanic or Tertiary
volcanic host rocks.
7.0 Exploration
7.1 Geophysics of the Acid Property
The aeromagnetic results shown in Figure 4 are from a survey after U.S.G.S. map
GP-753.
There is a strong west-northwest and north-northwest magnetic trend across the
claim. The change in gradient in the claim area suggests an in-filled basin
feature i.e. a possible northwest trending and southwest dipping fault or
possibly a rock contact or alteration zone. Ground geophysical surveys may add
more detail to our understanding of the possible potential of the claim area.
7.2 Geochemistry of the Acid property
To the best of the authors' knowledge, the Acid property has not undergone any
detailed ground exploration work including geochemistry which may have
usefulness in this area.
8.0 Drilling
No drilling appears to have taken place on the area covered by the Acid mineral
claims.
9.0 Sample Method and Approach
Standard sampling methods are utilized, for example a rock sample would be
acquired from the rock exposure with a hammer. The sample will be roughly
2"x2"x2" of freshly broken material. The samples grid location correlated with
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global positioning system (GPS) location will be marked in the logbook after a
sample number has been assigned. The sample number would be impressed on an
aluminum tag and on a flagging that will be affixed at the sample site for
future location.
9.1 Results
As exploration work could be conducted and assessed, a decision would be made as
to its importance and priority. The next phase of work will be determined by the
results from the preceding one. At this point, it is necessary to suggest that a
three phase exploration approach be recommended.
10.0 Sample Preparation, Analyses and Security
Our rock exposure samples would be taken with known grid relationships that have
been tied-in with a hand held global positioning system (GPS).
The samples would be in the possession of the field supervisor of the
exploration project.
1) The standard approach of seeking and sampling the 'B' horizon, (the rusty,
oxidized and possibly enriched zone). The samples most often undergo standard
acid digestion, multi-element analyses by the induction coupled plasma (ICP)
method and the atomic absorption (AA) method for the detection of precious
metals with back-up analyses and/or assaying of anomalous samples to acquire
more detail.
2) The relatively new and proprietary method called mobile metal ions (MMI) may
be very useful in our exploration endeavors. The samples in the desert climates
are taken consistently from between 8" and 10" in the soil layer below the
organic zone. The samples undergo selective digestion with subsequent analyses
for the chosen metal package, but most likely the standard multi-element package
with gold would be undertaken. The cost of taking the MMI sample and the
analyses are more expensive than standard method, but some studied results have
been encouraging. All analyses and assaying will be carried-out in a certified
laboratory.
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11.0 Data Verification
Previous exploration has not been conducted on this mineral claim area by the
author, but its good geological setting and interesting aeromagnetic data
encourages the recommendation to conduct exploration work on the property.
The author is confident any information included in this report is accurate and
can be utilized in planning further exploration work.
12.0 Adjacent Properties
The Acid mineral claims lies in a general area that possibly has undergone some
prospecting in the past. The general area has known barite occurrences, as well
as, gold and silver potential.
13.0 Mineral Processing and Metallurgical Testing
No mineral processing or metallurgical testing analyses have been carried- out
on the Acid property.
14.0 Mineral Resource and Mineral Reserve Estimates
No mineralization has been encountered to date by the author and no calculation
of any reliable mineral resource or mineral reserve, that in any way conforms to
currently accepted standards, could be undertaken at this time.
15.0 Other Relevant Data and Information
All relevant data and information concerning the Acid property has been
presented in this report.
16.0 Interpretation and Conclusions
The object of the recommendations made in this report are to facilitate in the
possible discovery of a large, probably low grade mineral deposit of base and/or
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precious metals or other minerals of economic consideration that have open pit
and/or underground mining potential. If such a deposit exists, it may occur
under the drift or overburden covered areas of the Acid mineral claims.
17.0 Recommendations
The author believes that the known mineralization encountered to date in
neighboring areas is possibly indicative of a larger mineralized system in the
general area. The drift covered parts of the property offer good exploration
areas because of the possibility of mineralization, good geological setting and
generally a lack of exploration testing. Also, remote sensing as aeromagnetic
results may indicate possible exploration areas of interest within the Acid
mineral claims.
Detailed prospecting, mapping and reconnaissance geochemical surveys of the
claim area should be undertaken if and when the Company is in a position to do
so. The following three phase exploration proposal and cost estimate is offered
with the understanding that consecutive phases are contingent upon positive
(encouraging) results being obtained from each preceding phase:
Phase 1
Detailed prospecting, mapping and soil geochemistry.
The estimated cost for this program is all inclusive $ 9,500
Phase 2
Magnetometer and VLF electromagnetic, grid controlled
surveys over the areas of interest determined by the
Phase 1 survey. Included in this estimated cost is
transportation, accommodation, board, grid installation,
two geophysical surveys, maps and report 10,500
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Phase 3
Induced polarization survey over grid controlled
anomalous area of interest outlined by Phase 1&2
fieldwork. Hoe or bulldozer trenching, mapping and
sampling of bedrock anomalies. Includes assays, detailed
maps and reports 30,000
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Total $50,000
=======
17.1 Recommended Drilling
No recommendations for drilling on the Acid mineral claims can be made at this
time. If the exploration were to proceed through Phase 3 this decision could
then be made.
18.0 References
Alders , J.P. and Stewart, J.H.: Geology and Mineral Deposits of Esmeralda
County, Nevada. Bulletin 78, Nevada Bureau of Mines and Geology.
Hildenbrand, Thomas G. and Kucks, Robert P., 1988: Total Intensity Magnetic
Anomaly Map of Nevada. Map 93A, Nevada Bureau of Mines and Geology.
Lincoln, Francis Church, 1982: Mining Districts and Mineral Resources of Nevada
with Map of the State of Nevada (Mineral Occurrences), U.S.G.S. compiled in
1921-22, but to current County boundaries.
Papke, Keith G., 1984: Barite in Nevada. Bulletin 98, Nevada Bureau of Mines and
Geology.
19.0 Author's Qualifications and Certification
I, James W. McLeod, P. Geo do hereby certify as follows:
1.0 I am currently self-employed as a Consulting Geologist with an office
located at 5382 Aspen Way, Delta, British Columbia, V4K 3S3, Canada.
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2.0 I am a graduate of the University of British Columbia (1969), B. Sc.
(Major Geology).
3.0 I am a member in good standing of The Association of Professional
Engineers and Geoscientists of British Columbia and a Fellow of the
Geological Association of Canada.
4.0 I have worked as a geologist for a total of 37 years since graduation.
5.0 I have read the definition of "qualified person" set out in National
Instrument 43-101 ("NI 43-101") in Canada and certify that by reason
of my education, affiliation with a professional association (as
defined in NI 43-101) and past relevant work experience, I fulfill the
requirements to be a "qualified person" for the purposes of NI 43-101.
6.0 I am responsible for the preparation of sections 1 to 19 of the
technical report titled "Review and Recommendations, Acid Mineral
Claims, Goldfield Project Area, Esmeralda County, Nevada, USA." dated
February 2, 2007 (the Technical Report) relating to the Acid mineral
property.
7.0 I have had prior involvement in the general area and specifically the
areas northwest and south of the Acid mineral claims.
8.0 I am not aware of any material facts or material change with respect
to the subject matter of the Technical Report that is not reflected in
the Technical Report, the omission to disclose which makes the
Technical Report misleading.
9.0 I am independent of the issuer and have neither interest in the Acid
mineral claims nor Lucky Strike Explorations Inc.
10.0 I have read National Instrument 43-101 and Form 43-101F1, and the
Technical Report has been prepared in compliance with that instrument.
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11.0 I consent to the filing of the Technical Report with any stock
exchange and other regulatory authority and any publication by them,
including electronic publication in the public company files on their
websites accessible by the public, of the Technical report.
Dated at Delta, British Columbia this 2nd Day of February, 2007.
James W. McLeod, P. Geo.
Qualified Person
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