CLARON VENTURES INC.
GEOLOGICAL EVALUATION REPORT
on the
LUCKY TODD MINERAL CLAIMS
Similkameen Mining Division NTS 092H.045/046
Vancouver, B.C. Sookochoff Consultants Inc.
July 31, 2005 Laurence Sookochoff, P.Eng
Claron Ventures Inc.
Geological Evaluation Report
Lucky Todd Property
TABLE OF CONTENTS
page
Introduction 3.
Summary 3.
Property Description, Location & Access 4.
Physiography, Climate, and Vegetation 4.
Infrastructure 5.
Water and Power 5.
Area History 6.
Property History 6.
Regional Geology 7.
Property Geology 8.
Mineralization 8.
Phase I Exploration Program (Completed) 9.
Conclusions 10.
Recommended Exploration Program & Estimated Cost 11.
Selected References 12.
Certificate 13.
ILLUSTRATIONS
Figure 1. Location Map following page 3.
Figure 2. Claim Map following page 4.
Figure 3. Regional Geology following page 7.
Figure 4. Relief Map following page 9.
Figure5. Aeromag Map following page 10.
APPENDICES
Appendix 1 Assay Certificate
INTRODUCTION
At the request of officials of Claron Ventures Inc. ("Claron") the writer
prepared this evaluation report on the Lucky Todd Mineral Claim ground, the
results of former and current exploration, and to recommend an exploration
program to continue the exploration and development of the ground with a view to
establish sufficient gold bearing reserves on which to base a productive
economic operation.
Information for this report was obtained from sources as cited under Selected
References and from personal reports the writer has written on the specific
property.
SUMMARY
The Lucky Todd property is comprised of a twelve-cell claim block with an area
of approximately 550 acres located in southwestern British Columbia, Canada, 22
miles west of Princeton, an historic mining center.
The property is situated to the west of the western periphery of the Nicola Belt
of rocks within an area of Jurassic tonalite intrusives (Ljto), the Princeton
Group of conglomerates (coarse elastics) and sedimentary (sandstones) and the
Cretaceous Pasayton Group. The property appears to occur within the intrusives,
however, the property is reported to be underlain by the Pasayton Group, which
in this location, is comprised of mainly grits and shale. Intrusive stocks,
plugs, and dykes are common on and peripheral to the property.
The mineralization at the Lucky Todd showings is reported to occur in poorly
defined zones and disseminations hosted by a shear within greenstones and
associated intrusives. Evidence of copper mineralization is reportedly observed
for approximately 2,000 feet above the valley floor in a northerly trending
mineralized zone that has been explored by eleven adits for an aggregate footage
of more than 600 feet.
Sulphides within the shear zones include chalcopyrite, pyrite, bomite, and
tetrahedrite with reported assays of Trace Au; 11 oz Ag/ton; and 1.6% Cu across
50 inches. In addition to the shear zone mineralization there is reported
mineralization of pyrite and chalcopyrite as a stockwork hosted by granodiorite
of the Eagle Plutonic complex and as porphyry related gold, with assays of 0.69
oz Au/ton over an unreported width. The location of this zone is not known.
A 1980 exploration program over ground covering the Lucky Todd workings
reportedly resulted in the delineation of a pronounced VLF-EM anomaly, some
correlative high copper and high silver values, and a significant geochemical
anomaly of an elongated zone of high copper values paralleling the strike of the
large VLF-EM anomaly.
In a July 2005 initial exploration program completed on the Lucky Todd Property,
by Claron Ventures Inc. a selected grab sample from the adit 1 dump returned
2.129% copper.
An exploration program of data compilation, followed by geochemical and
geophysical surveys' is recommended to delineate potentially economic mineral
zones hosted by the Lucky Todd structure.
LUCKY TODD CLAIMS (PROPERTY) DESCRIPTION, LOCATION & ACCESS
The property consists of a 12-cell claim covering an area of approximately 500
acres. Particulars are as follows:
Claim Name Cells Tenure No. Expiry Date
- ---------- ----- ---------- --------------
Lucky Todd 4 509396 March 22, 2006
Lucky Todd 2 8 516354 July 8, 2006
The property is located in southwestern British Columbia, Canada, 22 miles west
of Princeton at the confluence of Vuich and Railroad Creeks and within one mile
southwest of the junction of Vuich Creek with the Tulameen River.
Favourable access is provided by gravel road from Tulameen, a small community
some 16 miles north of Princeton, for 16 road miles westward to, and through,
the central portion of the property.
PHYSIOGRAPHY (FIGURE 3), CLIMATE, AND VEGETATION
The property is situated within a mountainous region at the western edge of the
Douglas Plateau, which is within the physiographic area designated as the
Interior Plateau of British Columbia The property area is one moderate to steep
mountainous slopes with incised valleys. Elevations range from 3,350 feet within
the Vuich Creek valley at the northeast of the Property, to 4,450 feet along an
east-facing slope of a mountain. Much of the property covers low to moderate
relief within the Railroad and Vuich Creek valleys.
The region is situated within the dry belt of British Columbia with yearly
rainfall between 10 and 12 inches. Temperatures during the summer months could
reach a high of 85 F with an average of 40 ; the winter temperatures could
reach a low of -20 with an average of 15 F. On the property, snow cover on the
ground could be from December to April and would not hamper a year-round
exploration and/or development program.
There are adequate sites on and/or peripheral to the property for potential
tailings storage areas, waste disposal areas and processing plant sites.
INFRASTRUCTURE
Princeton, a historic mining centre, would be a source of experienced and
reliable exploration and mining personnel and a supply for most mining related
equipment. Princeton has a non-commercial airport that could be used to fulfill
the immediate requirements for an active exploration and/or development program
on the property. Otherwise, commercial airline services are provided at
Penticton, some 55 air miles distant.
Vancouver, a port city on the southwest corner of, and the largest city, in the
Province of British Columbia, is 100 air miles east-southeast of the property
and less than one hour by air from Penticton.
WATER AND POWER
Sufficient water for all phases of the exploration program could be available
from the many creeks that are located within the confines of the property.
Electrical power may be available from a high voltage transmission line that is
within twenty miles east of the property.
Diesel-electrical power would be required in the initial stages of development
and production.
AREA HISTORY
The history of the immediate area stems the late 1890's when copper deposits
were discovered in the area. It was not until the discovery of placer gold near
Princeton that the copper discoveries gained interest and the first claims were
staked in 1892 at Copper Mountain, 10 miles east of Princeton,. After years of
exploration and development, and the increase in copper prices resulting from
higher wartime copper prices, a 2,000 ton per day concentrator was built to
process the ores mined at Copper Mountain, however, the concentrator only began
treating ore in 1925. To 1936 the concentrator had treated 34,775,101 tons of
ore, mostly from underground operations, producing 613,139,846 pounds of copper,
187,294 ounces of gold, and 4,384,097 ounces of silver.
Exploration and underground development continued to 1970 resulting in ore
reserves estimated at 76 million tons averaging 0.53 per cent copper. In the
same year a concentrator was constructed with a capacity of 15,000 tons per day.
PROPERTY HISTORY
Underground exploration and minimal surface development was completed on the
Lucky Todd showings prior to 1937. According to the 1937 BC Minister of Mines
Report, the workings consist of a little surface work and eleven adits of an
aggregate footage of more than 600 feet. The adits are all crosscuts except in
two instances, and many have been abandoned either before reaching their
objective or because results were not promising.
In 1980, a magnetic, VLF-EM & soil geochemistry survey was completed over the
then Lucky Todd claim group that included the Lucky Todd showings. D. Mark,
Geophysicist of Geotronics Surveys Ltd, in a report on the program dated May 28,
1981 reported that: a pronounced VLF-EM anomaly probably reflects underlying
structure, eg, a shear or fault zone; there was some correlation of high copper
and high silver values; an elongated zone of high copper values, parallel to the
strike of the large VLF-EM anomaly, is the most significant geochemical anomaly;
and high copper concentrations were recorded close to Vuich Creek.
REGIONAL GEOLOGY
Copper Mountain is situated near the southern terminus of the Nicola Belt, a
northerly trending terrain some 25 miles wide extending from near the United
States border to Kamloops Lake, united by similar stratigraphy and tectonics,
and noted for its large number of copper mines and prospects. The terrain has as
its fundamental rock unit the Upper Triassic Nicola Group, composed mainly of
basaltic andesite flows and pyroclastic rocks with greywacke, argillite, and
reefoid limestone, although the stratigraphy is still poorly known. The belt is
largely bounded by plutons but has older rocks on parts of it s eastern
periphery. Structurally it is characterized by much faulting which generally
includes older east-west and northwest trending structures cut by later north
trending ones, the largest of which is the Summers Creek and Quilchena Creek to
Nicola Lake and Moore Creek.
NICOLA GROUP
The Nicola Group within the map-area includes a variety of volcanic rocks,
sedimentary bodies that are directly related to the volcanic suite. The volcanic
rocks are generally rocks that are largely of volcanic derivation, and minor
dykes, sills, and irregular intrusive andesites.
PRINCETON GROUP
The Princeton Group is comprised of units of conglomerates and sandstones,
volcanics, and extrusive rocks.
At Copper Mountain the conglomerates and sandstones are comprised of coarse
boulder conglomerate and minor sandstone. The conglomerate contains rounded
pebbles, cobbles, and boulders suggesting that the conglomerate probably
occupies an ancient stream course that followed a fault. Interbeds of sandstone
occur within the conglomerate.
The volcanic formation is comprised of both extrusive and intrusive phases. The
most common rock type is the extrusive and is of fine-grained oxyhornblende
andesite porphyry. This rock is grey to brownish grey where fresh, but can be
pink, brick red, or light green depending on the degree and type of oxidation
and weathering. It is typified by a fine-grained, quartz-poor matrix with
needles of basaltic hornblende that are commonly preferentially oriented and up
to five millimeters long. Associated with the andesite flows are subordinate
amounts of tuff, lapilli tuff, and, in places, coarse volcanic breccia.
PASAYTON GROUP
Rocks of the Pasayton Group, as occurring at the Copper Mountain area, consist
of volcanic rocks and predominantly sedimentary rocks that are comprised of
massive grit, dark and sandy argillite, purple volcanic rocks, and conglomerate.
PROPERTY GEOLOGY (FIGURE 4)
The property is situated to the west of the western periphery of the Nicola Belt
of rocks. A northerly trending zone of Late Jurassic aged, unnamed, tonalite
intrusives (Ljto) occurs adjacent to the western border of the Nicola Group for
approximately four miles to a contact with the Eocene aged Princeton Group of
conglomerates (coarse elastics) and sedimentary (sandstones). The property is
located within the intrusive within half a mile of the contact. To the west of
the Princeton Group and approximately one mile west of the property, is a thrust
fault contact with the Cretaceous aged Pasayton Group of coarse elastics and
sedimentary rocks.
The property appears to occurs within the tonalite intrusives as indicated on
the Regional Geology Map (Figure 4), however, the property is reported to be
underlain by the Pasayton Group, which in this location, is comprised of mainly
grits and shale. Intrusive stocks, plugs, and dykes are common on and peripheral
to the property. The interrelated rock type proximal to an intrusive/sediment
contact is a common occurrence.
According to the British Columbia MINFILE Report 092H240 This copper showing is
on the east bank of Vuich Creek, 100 metres east of the mouth of Railroad Creek
and 20 kilometres southwest of Tulameen.
MINERALIZATION
The mineralization at the Lucky Todd showings is reported to occur in poorly
defined zones and disseminations hosted by a shear within greenstones and
associated intrusives. Evidence of copper mineralization is reportedly observed
for approximately 2,000 feet above the valley floor in a northerly trending
mineralized zone that has been explored by eleven adits for an aggregate footage
of more than 600 feet.
MINERALIZATION (CONT'D)
Reported mineralization in one adit at an elevation of 4,550 feet, 770 feet
above the road and paralleling the creek, is of a copper-bearing shear-hosted
zone that is terminated after 25 feet by a fault. The shear (same?) again is
exposed in the last 15 feet of the 60-foot drift. Sparse pyrite and chalcopyrite
occur over a width of between three and six feet. A second adit 60 feet to the
south, driven in partly sheared greenstone near a contact with diorite, shows
traces of mineralization.
A third adit 100 feet north from the first and 15 feet higher reveals a
westerly-dipping zone of shearing with easterly-dipping components and flat
rolls. Near the end of the northwesterly trending adit, a southerly-dipping
fault in greenstone and some talcose schist, with slight evidence of
mineralization is exposed. The adit was driven on a greenstone with talcose
shear exposed in an open-cut at the portal where mineralization is evident over
a normal width of 15 feet in both easterly and westerly-dipping bands. Sulphides
include chalcopyrite, pyrite, bomite, and tetrahedrite. A reported sample across
50 inches at the west side of this exposure returned: Trace Au; 11 oz Ag/ton;
and 1.6% Cu.
The BC Government MINDEP files on the "Superior; Lucky Todd; Reilly" report the
significant minerals as pyrite and chalcopyrite as a stockwork hosted by
granodiorite of the Eagle Plutonic complex and as porphyry related gold, as well
as porphyry Cu Mo Au. The MINDEP file includes an assay of 0.69 oz Au/ton
over an unreported width.
PHASE I EXPLORATION PROGRAM (COMPLETED)
In the Phase I exploration program completed for Claron Ventures Inc., the
following was completed:
1) Prospecting was done to locate the MINDEP reported porphyry style
stockwork zone of copper/gold mineralization;
2) Samples were taken from Adit 1 (770 feet above the road) of the
Lucky Todd shear zone which adit is as described in the Mineralization
section of this report.
3) An additional eight cells were staked peripheral to the original
Lucky Todd claim
RESULTS OF PHASE I EXPLORATION PROGRAM
1) The prospecting failed to locate the zone of MINDEP reported
porphyry style Intrusive-hosted copper/gold mineralization.
2) Sample Results from the Adit 1 area are reported in Table I
TABLE I
Sample Type Description %Cu
- ------------ ---------------------------------------- ------------------------------------------- -----
LUCKY TODD 1 Dump grab Heavy chalcopyrite in greenstone 1.657
- ------------ ---------------------------------------- ------------------------------------------- -----
LUCKY TODD 2 Chip across 2.5 feet at portal Sparse pyrite and chalcopyrite 0.026
- ------------ ---------------------------------------- ------------------------------------------- -----
LUCKY TODD 3 Dump grab Moderate pyrite and chalcopyrite in breccia 2.129
- ------------ ---------------------------------------- ------------------------------------------- -----
LUCKY TODD 4 Chip across 4.0 feet 1 0 feet into drift Sparse pyrite and chalcopyrite 0.039
- ------------ ---------------------------------------- ------------------------------------------- -----
3) The eight newly-staked cells adjoining the Lucky Todd claim to the
west, north, and the east and are designated as the Lucky Todd 2 claim.
CONCLUSIONS
The Lucky Todd property covers two types of mineral zones; a shear zone hosting
significant values in copper and an intrusive-hosted potential porphyry
copper-gold mineral zone. The shear zone, although hosting inconsistent, spotty
and discontinuous copper values, has the potential of containing continuous
mineral zones of "ore-grade" values. The known zone is ideally situated for
economic mining methods, being above the valley floor where a production drift
can be driven on the zone at the valley level and the mineral zone developed and
mined by a series of raises and stopes.
The porphyry type copper-gold mineralization, although reported to be within the
confines of the property but not located, indicates the potential for large
tonnage, consistent grade mineralization; potentially a Princeton type deposit.
RECOMMENDED EXPLORATION PROGRAM & ESTIMATED COST
A continuing exploration program of initial prospecting, sampling, and mapping
to determine the prime localities of mineralization on which to focus
concentrated exploration. Systematic sampling of the veins and host rock with
analysis of the vein material would be required to determine the nature of the
veins and potential mineral controls.
Phase I (Completed)
Phase II
Coverage of the Lucky Todd property in prospecting
and a VLF-EM survey over the shear zone
7,500.00
Phase III
Sampling and geological mapping of the veins within
anomalous zones
15,000.00
Phase IV
Test diamond drilling of the prime targets
30,000.00
-----------
Total Estimated Cost $ 52,500.00
===========
Phase II of the recommended exploration program is estimated to take three weeks
to complete.
It is the author's opinion that the geological character of the Lucky Todd
property is of sufficient merit to justify the recommended exploration program.
Respectfully submitted
Sookochoff Consultants Inc.
/s/ Laurence Sookochoff, P. Eng.
Laurence Sookochoff, P. Eng.
Vancouver, BC
July 31, 2005
SELECTED REFERENCES
MINFILE - 092H240 Superior; Lucky Todd; Reilly
PRETO, V.A. - Geology of Copper Mountain. Bulletin 59 Ministry of Energy, Mines
and Petroleum Resources. 1972.
RICE, H.M.A. - Geology and Mineral Deposits of the Princeton Mp-Area, British
Columbia. Geological Survey of Canada. Memoir 243, 1960.
SOOKOCHOFF, L. - Geological Report on the Lucky Todd Property for Royalon
Ventures Inc. 1980.
CERTIFICATE
I, Laurence Sookochoff, of the City of Vancouver, in the Province of British
Columbia, do hereby certify:
That I am a Consulting Geologist and principal of Sookochoff Consultants Inc.
with an office address at 1305-1323 Homer Street, Vancouver, BC V6B 5T1.
I, Laurence Sookochoff, further certify that:
1) I am a graduate of the University of British Columbia (1966) and hold
a B.Sc. degree in Geology.
2) I have been practicing my profession for the past thirty-eight years.
3) I am registered and in good standing with the Association of
Professional Engineers and Geoscientists of British Columbia.
4) The information for this report is based on information as itemized in
the Selected Reference section of this report.
5) I do not have any direct or indirect interest in the Lucky Todd
Mineral Claim nor in the securities of Claron Ventures Inc.
Laurence Sookochoff, P. Eng.
/s/ Laurence Sookochoff, P. Eng.
Vancouver, BC
July 31, 2005
Appendix 1
ASSAY CERTIFICATE