Exhibit 99.1
Technical Report
on the
RIVER PROPERTY
Central Quebec, Canada
Latitude: 52(0) 11'N
Longitude: 72(0) 22' W
NTS: 33A01
For
JASPER VENTURES INC..
By
Andre M Pauwels, P.Geo
November 2, 2007
TABLE OF CONTENTS
1.0 Summary................................................................1
2.0 Introduction and Terms of Reference....................................1
3.0 Reliance on other experts..............................................1
4.0 Property description and Location......................................1
5.0 Accessibility, Climate, Local Resources, Infrastructure and
Physiography...........................................................4
6.0 Property History.......................................................4
7.0 Geological Setting.....................................................4
8.0 Deposit Types..........................................................6
9.0 Mineralization.........................................................6
10.0 Exploration............................................................9
11.0 Drilling...............................................................9
12.0 Sampling Method and Approach...........................................9
13.0 Sample Preparation, Analysis and Security..............................9
14.0 Data Verification.....................................................10
15.0 Adjacent Properties...................................................10
16.0 Mineral Processing and Metallurgical Testing..........................10
17.0 Mineral Resource and Mineral Reserve Estimate.........................10
18.0 Other Relevant Data and Information...................................10
19.0 Interpretation and Conclusions........................................10
20.0 Recommendations.......................................................11
21.0 References and Literature.............................................13
22.0 Date and Signature Page...............................................14
23.0 CERTIFICATE OF QUALIFIED PERSON.......................................15
TABLES
TABLE I RIVER CLAIMS........................................................4
TABLE II BUDGET.............................................................11
FIGURES
FIGURE 1 LOCATION RIVER......................................................3
FIGURE 2 REGIONAL GEOLOGY RIVER CLAIMS.......................................6
FIGURE 3 AREA TARGETS FOR KIMBERLITE PROSPECTING.............................9
1.0 SUMMARY
The RIVER claims are located in the Otish mountains of Central Quebec, an area
with active diamond exploration since 1996. The claims are situated 10 km
northwest of the Tichegamie cluster of kimberlites and cover an area that was
selected as favourable through a systematic technique using topographic features
of the area. It is recommended to explore the claims in a two phase program. The
first phase consists of prospecting and rock sampling of the whole property and
an inspection of the available aeromagnetic surveys for kimberlite signatures
for a cost of US $ 19,000.
2.0 INTRODUCTION AND TERMS OF REFERENCE
The author, a registered member of the British Columbia Association of
Professional Engineers and Geoscientists and independent of JASPER VENTURES
INC., was retained by JASPER VENTURES INC., to study all documentation of the
RIVER Diamond Prospect in Central Quebec, Canada and to recommend an exploration
program if warranted. The author examined all available documentation about the
property and recommends a multistage exploration program to realize the
potential of the property.
3.0 RELIANCE ON OTHER EXPERTS
The report is based upon government publications and assessment reports which
are publicly available in the assessment files on the website of the Ministere
de Ressources Naturelles et Faune , Quebec.
4.0 PROPERTY DESCRIPTION AND LOCATION
The River property is located in Central Quebec, 320 km northeast of the City of
Chibougamau on NTS map sheet 33A01, Latitude: 52(0) 11'N and Longitude: 72(0)
22' W (see FIGURE 1). The property consists of 19 cells (see FIGURES 2, 3) in
one contiguous block and are 100% owned by Jasper Ventures Inc. The area of the
mineral claims is unencumbered Crown Land with no existing liens, claims or
restrictions of any sort.
FIGURE 1
[MAP SHOWING THE CLAIM LOCATION RIVER]
2
In Quebec mineral claims are defined by geographic coordinates and can be
acquired by application by letter or via an internet portal maintained by the
Quebec government at:
https://gestim.mines.gouv.qc.ca/MRN_GestimP_Presentation/ODM02101_login.aspx.
Records of all Mineral Titles and claim applications can also be inspected at
the same site The status of the River claims were verified by the author at this
website and is reported in TABLE 1 below:
TABLE 1 RIVER CLAIMS NTS 33A1 QUEBEC
Work Fees
Surface required required
NTS Map area Inscriptin Expiry for for
sheet Row Column (Ha) Type Title No Status date date renewal $ renewal $ Owner
- ----- --- ------ ---- ---- -------- ------ ---- ---- --------- --------- -----
Jasper Ventures
33A01 22 15 52,86 CDC 2134180 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 22 16 52,86 CDC 2134182 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 22 17 52,86 CDC 2134184 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 22 18 52,86 CDC 2134186 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 22 19 52,86 CDC 2134188 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 23 15 52,85 CDC 2134190 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 23 16 52,85 CDC 2134192 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 23 17 52,85 CDC 2134194 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 23 18 52,85 CDC 2134196 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 23 19 52,85 CDC 2134198 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 23 20 52,85 CDC 2134200 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 24 16 52,84 CDC 2134202 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 24 17 52,84 CDC 2134204 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 24 18 52,84 CDC 2134207 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 24 19 52,84 CDC 2134209 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 24 20 52,84 CDC 2134211 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 25 16 52,83 CDC 2134213 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 25 17 52,83 CDC 2134214 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
Jasper Ventures
33A01 25 18 52,83 CDC 2134216 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
The River claims were applied for on September 28, 2007 and were inscribed in
the register on October 30, 2007 and are valid until October 29, 2009. In order
to keep the claims in good standing for an additional 2 year period, exploration
work has to be done before the expiry date and fees need to be paid. In addition
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the work has to be reported before the expiry date to the authorities by a
qualified person. Total minimum work requirements are C$ 2,565 and the fees to
record the work are C $ 2,185 for a total of C $ 4,750.
5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY
The property is situated in the Otish Mountains, 320 km northeast of the town of
Chibougamau, near the geographic centre of the Province of Quebec (see Figure
1). The nearest population centre is the Cree Village of Mistissini, 85 km by
road north of Chibougamau. The nearest all weather road is the access road from
Mistissini to the float plane base at Riviere Temiscamie, where a single
Turbo-Otter float-plane is stationed and available for charter. The distance
from Temiscamie to the property is 165 km. There is no permanent population or
developed infrastructure in the area, with the exception of the winter road from
Riviere Temiscamie to The East Main Gold mine, which passes 15 km east of the
claims. The only economic activity in the area, apart from mineral exploration,
is seasonal trapping and hunting by Cree villagers from Mistissini. The property
can be reached by float plane (summer) or ski plane (winter) from Riviere
Temiscamie or alternatively a helicopter can be chartered in Chibougamau.
Personnel experienced in expediting, exploration surveys and camp construction
is available in the village of Mistissini. The Town of Chibougamau, a mining
town, is the regional population centre with many services and amenities for
6.0 PROPERTY HISTORY
Like most areas of Quebec the general area of the River claims has been mapped
geologically at a scale of 1/250,000 and has been subjected to aeromagnetic
suveys on widely spaced lines (800 m apart) by government surveys. The only
known exploration performed in the area of the River claims was an airborne
magnetometer survey completed in 2003 by Ditem Explorations Ltd (Brack 2005)
over a large area, including the present River Property.
7.0 GEOLOGICAL SETTING
The River property is located within the Achaean age (2.7 to 2.9 Ga), Superior
Craton of the Canadian Shield. Regional geological mapping of the area was
published in 1984 (Hocq 1985 - see figure 2). The main lithologies in the area
are foliated granite and granite gneiss. The metamorphic grade is mainly
amphibolites facies. The predominant direction of foliation is north-northeast.
Metavolcanic and metasedimentary rocks of the Eastmain greenstone belt occur 10
4
FIGURE 2
MAP SHOWING THE REGIONAL GEOLOGY]
km north of the property. And 20 km to the southeast of the property are
outcrops the Proterozoic age sediments of the Otish Basin. Proterozoic dykes,
typically a few tens of meters wide and composed of diabase, crosscut all
lithologies.
Large tract in the area are mantled with quaternary age glacial sediments.
Glacial movement in the area, as indicated by eskers and striae, is NNE to SSW.
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FIG 2 GEOLOGY LEGEND
ARCHEAN -SUPERIOR PROVINCE
S9 Granitic rocks, generally foliated
S8A Granitic rock, pink color, gneissic -contains locally gneiss and migmatite
Mixed gneiss, gneissic migmatite
S8D Quartzo-feldspatic gneiss
Metasediments
S4 Greywacke, pebble conglomerate, arkose often gneissic , massive quartzite
Metavolcanics, intermadiate, mafic and ultramafic
S2 Volcano clastic rocks, amphibolite facies, layered amphibolite
(amphibolite tuff), green schist
8.0 DEPOSIT TYPES
No economic mineral deposits have been defined on the property to date. The
property has potential for diamantiferous kimberlitic intrusions.
In general diamantiferous kimberlite intrusions or pipes are found in the
thickest parts of old Archean Cratons and the intrusions arise along deep seated
structures. A lithosphere crust of at least 150-200 km thick is required to
ensure fertile conditions for the formation and preservation of diamonds. The
Otish Mountains are an area of thick Archean crust and therefore favourable for
diamantiferous kimberlites. (Moorehead, 1999, 2000). These conditions have now
amply been demonstrated by the discovery of several diamantiferous kimberlites
in the area surrounding the claims since 2001.
9.0 MINERALIZATION
There is no known mineralization on the property.
The Otish mountain area in Central Quebec has been the focus of diamond
exploration in Canada since 1996. The first kimberlite occurrence discovered in
the Otish Mountains was the fortuitous consequence of a 1975 drilling program
for uranium at Lac Beaver, and was first recognized to contain diamonds in 1998.
This kimberlite pipe however was found to be too lean for further development.
6
Nevertheless this first find spurred till sampling surveys over large areas in
the Otish Mountains by several companies. This resulted in a total of at least
24 kimberlite finds in 5 separate areas:
* Foxtrot Property: 9 pipes and 4 dykes, all diamantiferous. Several
pipes have been bulk sampled with encouraging diamond contents first
published in 2005 (Ashton Mining of Canada Ltd. News releases)
* Portage : 1 dyke in the area of Foxtrot found in 2005 ( Majescor
Resources News Releases)
* Lac Beaver: 2 pipes, diamantiferous but low grade. 120 km SSW of
Foxtrot
* Tichegami: 4 pipes, 20 km NE of Lac Beaver (Ditem Explorations Inc -
News Releases)
* Dios: 4 pipes and dykes south of Beaver Lake
An analysis of the exploration activity since 1996 shows that the principal
exploration tools used were regional, widely spaced (like 500m by 2000 m
spacing), till sampling for diamond and kimberlite indicator minerals and
detailed (often 75-100 meter spaced lines) aeromagnetic surveys. Typically
aeromagnetic anomalies within areas with anomalous indicator minerals were then
tested with drilling. One or both techniques found all the above kimberlite
pipes except the first one at Lac Beaver. It is also clear from Canada's diamond
exploration history that this exploration technique misses many kimberlite pipes
because many kimberlite pipes are not expressed in till sample results and many
kimberlite pipes do not have a recognizable magnetic signature. Another
shortcoming with these techniques is that usually a very large a number of
magnetic anomalies is generated, too many for drill testing. Of importance to
note is that although prospecting for kimberlite has not been done much in the
Otish area and though none of the Otish kimberlite pipes was discovered that
way, at least 4 of the pipes (at Foxtrot and by Dios) have outcrop and several
more have boulder trains of kimberlite. Clearly prospecting could have located
these pipes. The caveat is that the area is too large for prospecting.
Prospecting could only be rewarding if one could geographically narrow the areas
with a high probability of containing kimberlite pipes.
Prospecting success has many advantages especially for junior exploration
companies. Prospecting will broaden the spectrum of findable kimberlite pipes to
include those that have no magnetic signature and/or have no expression in till
samples. A prospecting discovery also has the advantage of greatly shortening
the exploration time of a discovery. Outcrops can be immediately sampled and
meaningfully tested for diamond content in a short span of time.
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FIGURE 3
[MAP SHOWING AREA TARGETS FOR KIMBERLITE PROSPECTING]
A targeting technique for locating prospective areas for kimberlites,
sufficiently small to make prospecting feasible, was developed by the author
based on the well known fact that kimberlite pipes are more erosion-prone than
8
most other rock types found in Canada's glacially eroded landscape and
consequently are often found in small depressions under lakes and ponds. The
technique was "tested" on known kimberlite clusters in the Otish area and
singled out most of these areas as "anomalies". For reasons of confidentiality,
the elements and parameters used are not fully described here: Briefly a
systematic and normalized count was done over large geographic areas of all
small lakes. Several adjustment factors were added to take into account
erosional features unrelated to bedrock geology and a factor was added to take
local geology into account. A total of 5 map sheets (approximately 5000 km2)
were examined. This includes the Renard, Tichegami and Beaver lake kimberlite
clusters. A clear anomaly was found over the Beaver Lake and Renard kimberlite
clusters. Of immediate importance is that a few other areas with very anomalous
results were noted and are situated all within 50 km of the known kimberlite
pipes. The River claims cover a portion of one such area.
Adjusted counts of small lakes for the area of the River claims are illustrated
in Figure 3. The area of the River property is highly anomalous.
Recent advances in geochemistry, especially MMI (Mobile Metal Ions) techniques
have the capacity to outline kimberlite bodies that are fully or in part covered
by overburden (Fedikow, 2005). This sampling technique would be appropriate to
test the presence of kimberlite in overburden covered aeromagnetic anomalies, or
to test up-ice of kimberlite boulder trains. This technique will be faster and
less expensive than heavy mineral sampling techniques widely used for
reconnaissance and more detailed exploration.
10.0 EXPLORATION
No exploration has been done by Jasper Ventures on the property. .
11.0 DRILLING
There is no record of any drilling on this property
12.0 SAMPLING METHOD AND APPROACH
There is no record of any sampling on the property
13.0 SAMPLE PREPARATION, ANALYSIS AND SECURITY
There is no record of any sampling on the property
9
14.0 DATA VERIFICATION
There is no record of any sampling on the property
15.0 ADJACENT PROPERTIES
No specific information about adjacent properties is given in this report
16.0 MINERAL PROCESSING AND METALLURGICAL TESTING
There is no mention or record of any mineral processing or metallurgical testing
on samples from the property.
17.0 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATE
No mineral resources or mineral reserves have been located on the property. .
18.0 OTHER RELEVANT DATA AND INFORMATION
All available and relevant technical reports and data relating to the River
Property have been reviewed by the author and the parts relevant to the
evaluation of the River Property and the recommendations in this report have
been used to compose this report. The author is not aware of any information not
used for this report the omission of which could make this report erroneous or
misleading.
19.0 INTERPRETATION AND CONCLUSIONS
1. The River property is located in the Otish Mountains diamond camp.
2. The River property is located 10 km northwest of the Tichegamie
kimberlite cluster.
3. Detailed aeromagnetic coverage of the area is available in public
files from previous explorers
4. The presence of anomalously high counts of small lakes makes this 10
km2 property prospective for the presence of kimberlite pipes.
10
20.0 RECOMMENDATIONS
Exploration for diamantiferous kimberlites is recommended on the River property.
Exploration should proceed according to the following business plan:
Phase 1 Data Evaluation and Prospecting Aeromagnetic data for the claim area
should be researched for anomalies potentially caused by kimberlite. Priority
areas for prospecting will be any such aeromagnetic anomalies . A team of 2
prospectors can systematically cover the area to prospect for kimberlite rocks
in float or in outcrop in 10 to 15 days. Any kimberlite rock found will be
sampled and analyzed for diamonds and diamond indicator minerals.
Phase 2 Geochemical sampling: All aeromagnetic kimberlite targets found will be
prospected in detail and systematic soil sampling will be done along lines
spaced no more than 100 m apart and with samples at 50 or 25 meter intervals.
Aeromagnetic targets totally covered by overburden should also be sampled.
Sampling methods should follow the MMI protocol and samples need to be analyzed
at a specialized MMI laboratory. Positive results will be the outline of
kimberlite bodies, through indicator element signatures. Total duration of the
field campaign depends on the number of targets present. Duration will be 1 to 2
days per target for a 2 person prospecting-sampling crew. Processing of samples
during summer can be up to 6 weeks
Phase 3 Drilling: Positive targets will need to be drill tested, The amount of
drilling will depend on the success of phase 1 and 2.
11
TABLE 2 BUDGET
PHASE 1 PROSPECTING AND RESEARCH C $ US $
- ---------------------------------- ----- -----
Mobilization anf travel cost to Chibougamau 2,500 2,375
Prospector 8 days @ $375/day 2,800 2,660
Assisstant 8 days @ $275/day 2,200 2,090
Camping equipment and food 2,500 2,375
Floatplane rental 6,000 5,700
Organization planning and aeromagnetic research 4,000 3,800
------ ------
TOTAL 20,000 19,000
PHASE 2 GEOCHEMICAL SAMPLING
Mobilization anf travel cost to Chibougamau 2,500 2,375
Technician 15 days @ $400/day 6,000 5,700
Assisstant 15 days @ $275/day 4,125 3,919
Camping equipment and food 2,500 2,375
Floatplane rental 6,000 5,700
Sampling equipment 600 570
MIM analysis 250 samples @ C$35 8,750 8,313
Sample shipping 500 475
Drafting Interpretation and report 8,000 7,600
Assessment fees 2,000 1,900
Organization planning and aeromagnetic research 3,000 2,850
TOTAL 43,975 41,776
------ ------
OVERALL TOTAL 60,776
======
12
21.0 REFERENCES AND LITERATURE
2001-7 Ashton Mining of News Releases at www.sedar.com
Canada Inc.
2005 Brack, W Assessment Report on the Tichegamie River and
Beaver Lake Projects, Rock sampling, Diamond
drilling, Aeromagnetic Survey, Report for
Ditem Explorations Inc. GM 61522
2003 Chapman, I Assessment Report on the Tichegamie River and
Beaver Lake Projects , Rock sampling, Diamond
drilling Report for Ditem Explorations Inc.
GM 60515
2002-5 Ditem 2002 News Releases at www.sedar.com
Explorations Inc.
2006 Fedikow, M MMI-D Signature of C14 Kimberlite Pipe,
Clifford Township, Kirkland Lkae, Canada -
Power point Presenation for Mount Royal Res.
Ltd
1985 Hocq, M Geologie de la Region des Lacs Campan et
Cadieux, Territoire-du -Nouveau-Quebec:
Geological map 1/100,000, Querpub, Publication
de Mines, Energy et Ressources naturelles,
Quebec
2005 Majescor News Releases at www.sedar.com
Explorations Ltd
2000 Moorehead e.a. Kimberlites et Diamants dans le Nord du Quebec
PRO 2000-05
1999 Moorehead e.a. Kimberlites, Lineaments and Crustal Rifts in
Quebec, Ministere des Ressources Naturelles
Quebec MB 99-35
13
22.0 DATE AND SIGNATURE PAGE
This report titled "Technical Report on the River Property" and dated November
2nd , 2007 was prepared and signed by the following author
/s/ "Andre M Pauwels"
- ------------------------------
Dated at Vancouver, British Columbia
November 2nd, 2007
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23.0 CERTIFICATE OF QUALIFIED PERSON
CERTIFICATE OF QUALIFICATIONS
Andre M. Pauwels P.Geo
Consulting Geologist
4900 Mariposa Court Richmond BC 604 240 8560
I, Andre M. Pauwels, P. Geo., do hereby certify that:
1. I am a Consulting Geologist and have an office at my residence at
4900, Mariposa Court in Richmond B.C., V7C 2J9, Canada and serve as a
director of Dundarave Resources Inc. and Goldworld Resources Ltd..
Both companies are listed on the TSX Venture Exchange and unrelated to
JASPER VENTURES INC.,
2. I graduated in 1970, from the State University of Ghent, Belgium with
a B.Sc. Science, Geology.
3. I am a Professional Geoscientist, member of the Association of
Professional Engineers and Geoscientist of British Columbia,
registration number 20157, and in good standing since 1993
4. I have practised Mineral Exploration continuously since September 1970
as a staff geologist for Union Miniere Explorations, Canada from 1970
to 1980, as a Senior Geologist for Bethlehem Copper Corp. in 1981,as a
Senior Geologist, later Exploration Manager, for Cominco Ltd from 1981
to 2001 and as an independant consultant since 2001 . I acquired
experience in exploring for porphyry copper, gold, lead-zinc, uranium
and diamond deposits and practiced my profession in Canada, USA,
Chile, Argentina, Peru, Ecuador, Guyana, Suriname, Brazil, Thailand,
Morocco, Saudi Arabia, Iran, Vanuatu and Indonesia.
5. I am responsible for the preparation of all sections of the Report
entitled "Technical Report - River Claims" and dated November 2, 2007,
relating to the River Property.
6. I have had no prior involvement with the River Property that is the
subject of the Report.
7. I am not aware of any material fact or material change, with respect
to the subject matter of the Report, which is not reflected in the
report, and of which the omission to disclose would make this Report
misleading.
8. I am independent of JASPER VENTURES INC.,
9. I consent to the filing of this Report with any stock exchange or
other regulatory authority and any publication by them for regulatory
purposes, including electronic publication in public company files on
their websites accessible by the public, of the Report.
Vancouver, BC
Dated this 2nd Day of November, 2007.
SIGNED
/s/ "Andre M Pauwels"
- --------------------------------
Andre M Pauwels
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