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PHASE FOUR DIAMOND DRILLING PROGRAM REPORT STEEPLEDGE LAKE PROJECT GREENWICH LAKE AREA THUNDER BAY MINING DIVISION NORTHWESTERN ONTARIO 2009 Magma Metals (Canada) Limited, P.O. Box 10628, Thunder Bay, Ontario P7B 6V1 1004 Alloy Dr, Thunder Bay, Ontario P7B 6A5 Justin R. Johnson, M.Sc. Project Geologist May 2010

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PHASE FOUR DIAMOND DRILLING PROGRAM REPORT

STEEPLEDGE LAKE PROJECT

GREENWICH LAKE AREA

THUNDER BAY MINING DIVISION

NORTHWESTERN ONTARIO

2009

Magma Metals (Canada) Limited, P.O. Box 10628, Thunder Bay, Ontario P7B 6V1 1004 Alloy Dr, Thunder Bay, Ontario P7B 6A5

Justin R. Johnson, M.Sc. Project Geologist

May 2010

Table of Contents

Volume I Summary .......................................................................................................................................... i Introduction ..................................................................................................................................... 1 Property, Location, and Access ...................................................................................................... 1 Exploration History ......................................................................................................................... 7 Regional Geology ........................................................................................................................... 9 Phase 4 Drilling Results ................................................................................................................ 10 Summary of Rock Units................................................................................................................ 11 Summary of Drill Holes ................................................................................................................ 13 Interpretation and Recommendations ........................................................................................... 14 References ..................................................................................................................................... 15 Certificate of Qualification: Justin R. Johnson ............................................................................. 16

List of Tables

Table 1: Claims List.................................................................................................................… 2 Table 2: Road Log................................................................................................................ …... 4 Table 3: Phase 4 Drill Hole Locations, Orientations and Depths................................................11 Table 4: Summary of Drill Results.........................................................................................….10

List of Figures

Figure 1: Property Location Map..................................................................................................5 Figure 2: Claim Map.....................................................................................................................6

Drill Sections

Drill Plan Map SL09-35 to SL09-41…..................................................................... Back Pocket SL09-35 to SL09-41….............................................................................................. Back Pocket Appendix I Diamond Drill Logs SL09-35 to SL09-41 Appendix II Assay Certificates

i

--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

Summary The Steepledge Lake project is part of the larger Thunder Bay North (TBN) project located northeast of Thunder Bay, Ontario. Exploration at Steepledge Lake is targeting PGE-Cu-Ni mineralization within ultramafic intrusive rocks of Keweenawan age. Exploration by Magma Metals (Canada) Ltd. began in the area after the discovery of PGE-Cu-Ni mineralized ultramafic boulders along the shoreline of Current Lake, located 3km east of Steepledge Lake. Initial drilling beneath Current Lake in 2006-07 identified the bedrock source of these boulders with intersections of up to 2.8g/t Pt+Pd+Au, 0.45% Cu, and 0.34% Ni over 10.5m within peridotite similar to the discovery boulders. From 2006-09, five phases of drilling at Current Lake and Beaver Lake have defined a previously unknown mafic/ultramafic intrusion termed the Current Lake intrusive complex interpreted to be >5km long. The intrusion hosts the main TBN deposit at Current Lake and significant PGE-Cu-Ni mineralization within the Bridge Zone and Beaver Lake area immediately southeast of Current Lake. An initial independent 43-101 resource calculation prepared by SRK Consulting (Canada) Inc. released in September 2009 estimates a combined Indicated and Inferred resource at TBN of 690,000 oz Pt-equivalent at 1.23g/t Pt, 1.15g/t Pd, 0.08g/t Au, 1.78g/t Ag, 0.30% Cu and 0.21% Ni. The Steepledge Lake Project consists of a 3km long sinuous magnetic anomaly, similar to the Current Lake anomaly, which continues southward into a claim held by Kennecott Canada Exploration Inc. Drilling by Kennecott on this claim in 2008 intersected 234m of a mafic/ultramafic intrusion with 10.9m of 2.35g/t Pt+Pd+Au, 0.46% Cu and 0.24% Ni at 362.5m depth. In November 2008, Magma Metals (Canada) Ltd. drilled two holes into the Steepledge Lake magnetic anomaly during a reconnaissance drill program testing several regional targets. Both holes intersected the anticipated mafic/ultramafic intrusive rocks, with hole SL08-01 returning 19m of 0.54g/t Pt+Pd from 188m depth. A second drill program conducted by Magma Metals (Canada) Ltd. in 2009 consisted of 32 holes totalling 6191m was drilled on the water at Steepledge Lake. Of the 32 holes drilled, 27 intersected the ultramafic intrusion with several intersections of significant PGE-Cu-Ni mineralization including up to 36.0m of 2.51g/t Pt+Pd, 0.51% Cu, and 0.23% Ni from 34m depth in SL09-13, and 27.4m of 1.84g/t Pt+Pd, 0.36% Cu, and 0.18% Ni from 61.6m depth in SL09-33. A follow up Phase 3 drill program conducted by a helicopter supported drill, began in October, 2009 and was completed in December, 2009. The Phase 3 consisted of seven drill holes totalling 2217m and was designed to test the continuation of the ultramafic previously defined under Steepledge Lake. All seven drill holes encountered mafic/ultramafic instrusives with weak to moderate PGE-Cu-Ni mineralization. Highlights of the program include 11.50m of 0.74g/t Pt+Pd, 0.10% Cu, 0.09% Ni from 234.0m in SL09-39, and 44.20m of 1.18g/t Pt+Pd, 0.25% Cu and 0.15% Ni from 214.0m depth in SL09-41.

1

--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

Introduction Magma Metals (Canada) Limited (a wholly-owned subsidiary of Magma Metals Limited of Australia) executed its Phase 4 diamond drill program on the Steepledge Lake project (part of the larger TBN project) between October to December 2009. The program consisted of 7 holes totalling 2217m drilled on claim #4225975. The aim of the drill program was to test a long sinuous magnetic anomaly that continues south of Steepledge Lake where previous drilling had determined an untramafic body. All holes were drilled with helicopter support provided by Whisk Air of Thunder Bay, ON. Drill targets were based on airborne magnetic surveys.

Property, Location, and Access The Steepledge Lake project is part of the larger TBN property which consists of 219 claims, totalling 2552 units (see Table 1 for claims listing/ownership) and is located approximately 50 km northeast of the city of Thunder Bay (see Figure 1). The project is accessible by proceeding east on the Trans-Canada Highway 17, then turning north on Highway 527 (the Armstrong Highway), then turning east onto the Shallownest West Road (located approximately 13km north of the Escape Lake Road), then turning south on the Kilometre Six Road, and finally turning east (left) on a branch road 2km to the south. A road log to the property is presented in Table 2.

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--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

Table 1: List of Claims

Claim No.Claim 

Units

Recorded  

Holder*

Claim 

No.

Claim 

Units

Recorded  

Holder*

Claim 

No.

Claim 

Units

Recorded  

Holder*

842186 9 MMC 4208977 13 MMC 4221370 15 MMC

842189 12 MMC 4208978 15 MMC 4222631 12 MMC

1246796 12 ZP 4208979 15 MMC 4222632 8 MMC

1248239 11 MMC 4208980 15 MMC 4222633 16 MMC

1248240 9 MMC 4208981 15 MMC 4222634 16 MMC

1248241 15 MMC 4208984 15 MMC 4222635 8 MMC

1248244 6 MMC 4210157 12 ZP 4222636 12 MMC

3005105 12 MMC 4211163 12 MMC 4222637 8 MMC

3005106 3 MMC 4211637 3 ZP 4222638 8 MMC

3018014 16 MMC 4211638 3 ZP 4222639 12 MMC

3018015 16 MMC 4213439 3 MMC 4222640 16 MMC

3018016 16 MMC 4214075 15 MMC 4222650 3 MMC

3018017 16 MMC 4214076 15 MMC 4225183 16 MMC

3018018 16 MMC 4214077 9 MMC 4225184 16 MMC

3018019 16 MMC 4214079 8 MMC 4225186 2 MMC

3018028 16 MMC 4214080 9 MMC 4225187 12 MMC

3018055 16 MMC 4214081 16 MMC 4225211 16 MMC

3018056 16 MMC 4214082 12 MMC 4225212 12 MMC

3018057 16 MMC 4214083 12 MMC 4225213 12 MMC

3018058 16 MMC 4214084 16 MMC 4225214 3 MMC

3018059 8 MMC 4214117 8 MMC 4225215 4 MMC

4205378 4 MMC 4214118 16 MMC 4225216 9 MMC

4205432 3 MMC 4214119 16 MMC 4225217 15 MMC

4208485 16 MMC 4214124 6 MMC 4225218 15 MMC

4208486 12 MMC 4214273 16 MMC 4225219 12 MMC

4208965 16 MMC 4215436 8 MMC 4225220 16 MMC

4208966 16 MMC 4216374 6 MMC 4225972 10 MMC

4208967 16 MMC 4218927 12 MMC 4225973 9 MMC

4208968 16 MMC 4221361 12 MMC 4225974 9 MMC

4208969 16 MMC 4221362 16 MMC 4225975 6 MMC

4208970 16 MMC 4221363 16 MMC 4226065 12 MMC

4208971 8 MMC 4221364 16 MMC 4226066 16 MMC

4208972 16 MMC 4221365 16 MMC 4226067 8 MMC

4208973 16 MMC 4221366 5 MMC 4226068 16 MMC

4208974 16 MMC 4221367 4 MMC 4228020 12 MMC

4208975 1 MMC 4221368 12 MMC 4228021 16 MMC

4208976 4 MMC 4221369 12 MMC 4228022 1 MMC

*MMC=Magma  Metals  (Canada) Ltd.; ZP=C.Zimowski  & R.Pizzolato

3

--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

Table 1 (continued): List of Claims

Claim 

No.

Claim 

Units

Recorded  

Holder*

Claim 

No.

Claim 

Units

Recorded  

Holder*

Claim 

No.

Claim 

Units

Recorded  

Holder*

4228023 6 MMC 4242147 12 MMC 4243648 9 MMC

4228024 8 MMC 4242148 16 MMC 4243649 12 MMC

4228025 16 MMC 4242771 12 MMC 4243650 1 MMC

4229971 8 MMC 4242772 16 MMC 4243651 4 MMC

4229972 8 MMC 4242773 12 MMC 4243652 15 MMC

4229973 8 MMC 4242774 16 MMC 4243653 15 MMC

4229974 16 MMC 4242775 6 MMC 4243654 15 MMC

4229975 8 MMC 4242801 16 MMC 4243656 6 MMC

4240095 16 MMC 4242802 12 MMC 4243657 12 MMC

4240097 16 MMC 4242803 16 MMC 4243658 12 MMC

4240536 15 MMC 4242804 12 MMC 4243659 16 MMC

4240537 15 MMC 4242805 16 MMC 4243660 16 MMC

4240538 12 MMC 4242806 16 MMC 4243771 12 MMC

4240539 12 MMC 4242807 12 MMC 4243772 9 MMC

4240540 4 MMC 4242808 6 MMC 4243773 12 MMC

4240541 4 MMC 4242809 6 MMC 4243774 6 MMC

4240542 8 MMC 4242810 5 MMC 4243775 4 MMC

4240543 16 MMC 4242811 14 MMC 4243776 16 MMC

4240544 12 MMC 4242812 14 MMC 4243777 16 MMC

4240545 6 MMC 4242813 9 MMC 4243778 16 MMC

4241533 16 MMC 4242814 9 MMC 4243779 4 MMC

4241534 16 MMC 4243631 16 MMC 4243780 15 MMC

4241535 8 MMC 4243632 16 MMC 4243781 16 MMC

4241536 8 MMC 4243633 12 MMC 4243782 16 MMC

4241537 16 MMC 4243634 12 MMC 4243783 16 MMC

4241716 8 MMC 4243635 16 MMC 4243784 15 MMC

4241717 16 MMC 4243637 16 MMC 4243785 12 MMC

4241718 8 MMC 4243638 16 MMC 4243786 12 MMC

4241719 8 MMC 4243639 12 MMC 4243787 6 MMC

4241720 16 MMC 4243640 9 MMC 4243788 8 MMC

4241727 16 MMC 4243641 6 MMC 4243789 6 MMC

4242141 16 MMC 4243642 4 MMC 4243790 16 MMC

4242142 12 MMC 4243643 16 MMC 4243791 16 MMC

4242143 7 MMC 4243644 6 MMC 4245129 12 MMC

4242144 12 MMC 4243645 6 MMC Total 219 claims

4242145 8 MMC 4243646 4 MMC 2552 units

4242146 15 MMC 4243647 14 MMC

*MMC=Magma  Metals  (Canada) Ltd.; ZP=C.Zimowski  & R.Pizzolato

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--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

Table 2: Road Log

Km (section)

Location, feature

Notes

0.0 Thunder Bay 10.4 Hwy. 17E / Hwy. 527 N up Armstrong Highway 36.0 Shallownest West Road E on gravel road off Hwy. 527 6.1 Kilometre Six Road Go right (S) 2.0 Spur on left (E) in clear-cut Go left (E) 1.0 Steepledge Lake Camp

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--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

Figure 1: Property Location map

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--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

Figure 2: TBN claims

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--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

Exploration History The following is summarized from earlier reports including Harper and Wilson (2000), Wilson and Harper (2000), and Wilson (2006a). It should be noted that much of the work done by Wilson and Harper is only available as internal reports and personal communications. Pre-1993: Early exploration within the area concentrated on uranium, more specifically the Christianson (1949) showing which is located a few km east of Current Lake, near the west shore of Greenwich Lake. In 1976 there was no ready access to the Greenwich Lake area, except by float plane or helicopter. Rio Tinto optioned the Christianson showing from MW Resources Ltd in January 1976, and staked additional claim units that extended west from Greenwich Lake over northern Current Lake towards Steepledge and Ray Lakes (Benkis, 1977). The south edge of these claims lay immediately south of the small promontory on the west shore of Current Lake, overlapping the area of the present TBN project. Rio Tinto conducted a program of field mapping and diamond drilling (Benkis, 1977). 1993-1998: G. Harper, G. Wilson, and F. Manns began rock and soil sampling in addition to petrographic and geochemical research within the Onion Lake, Tartan Lake and Greenwich Lake areas. 1999-2000: Harper and Wilson conducted prospecting, geochemical sampling, soil sampling and ground magnetic surveys after receipt of Ontario Prospectors Assistance Program grant (Harper and Wilson, 2000; Wilson and Harper, 2000). 2001-2002: Pacific North West Capital Corporation of Vancouver optioned the TBN Property in 2001 based on the discovery by Wilson and Harper of ultramafic boulders containing appreciable sulphides, Cu-Ni-PGE grades along the western shoreline of Current Lake. Work including ground-magnetic and electromagnetic surveys was conducted over the ice on Current Lake and a small pond (Beaver Lake) located east of the south end of Current Lake. A six hole diamond drill program, totalling 813.5m, was conducted from three locations along the west shore of Current Lake in September and October 2002 (Kleinboeck and Jobin-Bevans, 2002). The drilling encountered only weak mineralization with minimal assay values. The holes intersected what was described as a north-south, west- dipping “gabbro” or “diabase” dyke under the lake. The dyke, not seen at surface, appeared to be ≤10 m thick and did not resemble the ultramafic boulders found on the adjacent shorelines. 2003-2004: Minor petrographic work was completed by G. Wilson. 2005-2008: In 2005 Magma Metals Limited optioned the Thunder Bay North Property (TBN) due to the discovery of additional ultramafic boulders along the south shoreline of Current Lake. In 2006 Magma completed basic mapping of claim 842189 (Wilson, 2006a) with some petrographic and additional follow-up work (Wilson, 2006b). In addition McPhar Geosurveys Limited flew a

8

--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

combined helicopter-borne magnetic and gamma-ray spectrometer survey over the TBN property in July 2006. A VTEM helicopter-borne electromagnetic survey was conducted over the southern Current Lake-Beaver Lake portion of the TBN claim group later in 2006 by Geotech Limited of Aurora, Ontario and during the winter a ground I.P. survey was conducted over Current Lake (Abitibi Geophysics, Val-d’Or, Quebec). A six hole (1590.1m) Phase-1diamond drilling program was conducted in late 2006 to early 2007 by Magma Metals (Canada) Limited. The program, designed to locate the bedrock source of the mineralized ultramafic boulders, successfully intersected wide intervals of peridotite with significant PGE-Cu-Ni mineralization, including 10.5m of 2.8g/t Pt+Pd+Au, 0.45% Cu, and 0.34% Ni from TBND001. This drill program was followed by five successive drill campaigns on Current Lake and six successive drill campaigns in the Beaver Lake/Bridge Zone area between 2007-09 and by October 7, 2009, Magma Metals (Canada) had drilled over 60,000m in 365 holes between the Current Lake and Beaver Lake/Bridge Zone areas. Results of this drilling to June 2009 were used to calculate an initial independent resource estimation for TBN which included the Current Lake, Bridge Zone and Beaver Lake deposits. The resource, prepared by SRK Consultants (Canada) Inc., was released on September 7, 2009 and calculated a combined Indicated and Inferred Resource of 8.2Mt at 1.23g/t Pt, 1.15g/t Pd, 0.08g/t Au, 1.78g/t Ag, 0.30% Cu and 0.21% Ni for 690,000oz Pt-equivalent in contained metal. Parallel with the definition drilling campaigns at TBN, Magma Metals (Canada) identified numerous other exploration targets in the vicinity of the property resulting in the staking of numerous additional claims so that by July 2008, the TBN property had been expanded to 219 claims covering over 350km2. One of the targets was a large sinuous magnetic anomaly underneath Steepledge Lake broadening to the south into a 500m wide reversely polarized magnetic bulls-eye. The magnetic anomaly bears a striking resemblance to the magnetic signature of the Current Lake intrusive complex. Kennecott Exploration Canada previously staked the reversely polarized bulls-eye portion of the anomaly and in winter 2008, drilled a single 500m vertical hole through it intersecting 234m of mafic/ultramafic intrusive rock below 170m depth with similar characteristics to the Beaver Lake intrusion. Significant mineralization reported in the hole included 10.9m of 2.35g/t Pt+Pd+Au, 0.46% Cu and 0.24% Ni from 362.5m depth within disseminated pyrrhotite-chalcopyrite. In November 2008, Magma Metals (Canada) drilled two helicopter-supported drill holes into the Steepledge Lake magnetic anomaly. Both holes intersected the anticipated mafic/ultramafic intrusion, with host lithologies similar to those at Current Lake. Hole SL08-01 intersected 19m of 0.54g/t Pt+Pd from 188m depth. Hole SL08-02 was drilled off the main axis of the magnetic anomaly and did not intersect any significant mineralization.

9

--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

2009: In the summer of 2009 Magma Metals conducted a second phase of drilling on the Steepledge Lake Property. The drill program consisted of 32 holes totalling 6191m and was drilled from a barge on Steepledge Lake itself. Of the 32 holes drilled, 27 intersected the ultramafic intrusion with several intersections of significant PGE-Cu-Ni mineralization including 36.0m of 2.51g/t Pt+Pd, 0.51% Cu, and 0.23% Ni from 34m depth in SL09-13, and 27.4m of 1.84g/t Pt+Pd, 0.36% Cu, and 0.18% Ni from 61.6m depth in SL09-33. Regional Geology The Steepledge Lake project and TBN property are underlain by rocks of the Quetico Subprovince, which is now referred to as Quetico Basins, of the Superior Province of the Canadian Precambrian Shield. The Quetico Basins are described by Williams (1991) as a roughly 70 km wide, linear strip of primarily strongly metamorphosed and deformed clastic metasedimentary rocks and their migmatitic and anatectic derivatives. The identifiable metasedimentary rocks comprising the subprovince (or Basin) consist mainly of turbiditic wacke and siltstone with rare iron formation, pelite, and conglomerate. Primary sedimentary features are locally preserved. Williams (1991) also states that igneous rocks include I-type biotite-hornblende-magnetite granitoid bodies of mixed felsic and mafic composition with volumetrically minor ultramafic units; and metaluminous to peraluminous , often S-type, one- and two-mica granitoids. As mineralization occurs in ultramafic intrusive rocks of presumed Keweenawan age (roughly 1.1Ga) it is important to review the general geology of Mesoproterozoic rocks that are present in the region. Good reviews of the Mesoproterozoic geology of the area are given by Hart and MacDonald (2007) and Heaman et al. (2007) pertinent information from these is summarized below. Mesoproterozoic rocks of the region include: intrusive and volcanic igneous rocks of the ~1.59 Ga Badwater intrusion and ~1.54Ga English Bay complex located north west of Lake Nipigon, chemical and clastic sedimentary rocks of the ~1.5-1.3 Ga Sibley Group, various ultramafic to mafic intrusions of the Nipigon embayment ~1.112 Ga, and slightly younger ~1.109 Ga sedimentary, volcanic and mafic intrusive rocks of the Midcontinent rift proper along the north shore of Lake Superior (Heaman et al. 2007). Previously four distinct ultramafic intrusive bodies have been indentified within the huge volume of diabase sills comprising the Nipigon Embayment. These are the Seagull, Disraeli, Hele and Kitto intrusions respectively. Poorly outlined mafic to ultramafic sills termed the Jackfish and Shillabeer sills have also been recently indentified (e.g. Hart and MacDonald, 2007). Hart and MacDonald (2007) describe the ultramafic intrusive bodies as consisting of “pyroxene peridotite, wehrlite, lherzolite, and olivine websterite to minor dunite, and olivine gabbro to olivine melagabbro, with irregular patches of monzogabbro along the margins, and ubiquitous phlogopite. The intrusions appear to be primarily sill-like with the exception of the Seagull Intrusion which, based on significant drilling, has a distinct lopolithic form. Emplacement of the intrusions appears to have

10

--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

been fault controlled (Hart and MacDonald 2007) but no distinct magma feeder zone has been identified. Ni-Cu-PGE mineralization has been previously identified from the ultramafic bodies with the most significant present in the Seagull intrusion (e.g. Heggie, 2005).

Phase 4 Drilling Results The 7 hole (2217m) Phase 4 diamond drilling program was executed between October 8th and December , 2009 and was planned to test the magnetic anomaly extending south of Steepledge Lake and the known ultramafic intrusion located beneath the lake. Drill hole locations are Listed in Table 3. Drilling was contracted to George Downing Estate Drilling of Grenville-Sur-la-Rouge, Quebec using a Duralite drill rig as well as a LF-70 drill rig with helicopter support provided by Whisk Air of Thunder Bay, Ontario. Drilling was done using NQ-sized drill rods. Drill cuttings were monitored to ensure they did not enter any waterway as some of the drill holes were located within a few hundred metres of streams. Drill holes were located using a differential GPS capable of sub-metre accuracy. Down hole orientation surveys were done using a Reflex EZ-Shot survey tool at regular intervals. A map located in the back pocket shows the drill hole plan map with collar locations of each hole in the Phase 4 drill program at Steepledge Lake. Core logging, cutting and sampling was initially completed at the temporary Steepledge Lake camp located approximately 700m northwest of Steepledge Lake. In mid-November core logging, cutting and sampling was transferred to Magma Metal’s Current Lake camp. At this time the servicing of the drill was also transferred to the Current Lake camp. Selected intervals were sawn and half the material bagged for assay. Assay intervals were generally 2m in length in non-mineralized core and 1m in length within mineralized core, but varying intervals were sometimes taken on the basis of different lithologies or mineralization. All samples were taken to ALS Chemex prep-lab in Thunder Bay, Ontario where primary crushing and pulverizing took place, and then pulps were sent to ALS Chemex’s Vancouver, British Columbia laboratories where final analyses took place. Internal quality control consisted of the regular insertion of certified reference material and blank material within the sample sequence. Geological logging was performed by Magma geologists Justin Johnson, Scott Franko and Ryan Weston while geotechnical logging, cutting and sampling was performed by Magma drill-core technicians J. Martin, G.DeRozia, J.Foley, B.Jupp and M.Raine.

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--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

Table 3: Phase 4 Drill hole collar locations, orientations and depths

Drill Hole Start DateCompletion 

Date

NAD83 

Easting

NAD83 

NorthingAzimuth Dip Depth (m)

SL09‐35 15‐Oct‐09 24‐Oct‐09 354319 5403059 0 ‐90 255.0

SL09‐36 29‐Oct‐09 5‐Nov‐09 354130 5402960 0 ‐90 249.0

SL09‐37 6‐Nov‐09 11‐Nov‐09 354101 5402710 0 ‐90 309.0

SL09‐38 13‐Nov‐09 16‐Nov‐09 354121 5402849 0 ‐90 267.0

SL09‐39 17‐Nov‐09 24‐Nov‐09 354198 5402600 0 ‐90 348.0

SL09‐40 26‐Nov‐09 30‐Nov‐09 354279 5402448 0 ‐90 348.0

SL09‐41 1‐Dec‐09 10‐Dec‐09 354309 5402337 0 ‐90 441.0

Total 2217.0

Summary of Rock Units The rock types encountered consisted of a variety of locally contact metamorphosed felsic to intermediate granitoids, clastic metasedimentary-derived schists and migmatites, olivine melagabbro-peridotite and a hybridized contaminated peridotite. Both the Quetico-age granitoid rocks and the Keweenawan-age ultramafic rocks were locally blocky, splitting into short (<10 cm) lengths, but core recovery was generally excellent. The granitoid rocks were highly variable in appearance and modal composition and are mostly ascribable to granite and granodiorite. They are generally medium to coarse grained with short intervals of pegmatoidal material, as well as intervals of fine grained material (aplites). A strong fabric was observed locally but in general, these rocks were massive to weakly foliated. Alteration consisted of reddening, and occasionally a browning, of the feldspars (presumed hematitic alteration) that generally occurred in close proximity to the peridotite. Both peridotite and olivine melagabbro were encountered in drilling and comprise the bulk of the intrusive complexe. Both rock types are generally massive, dark grey to black in colour, medium to fine-grained and strongly magnetic. They contains fine cumulus olivine, weakly altered to serpentine-magnetite, in an inter-cumulus matrix of fine pyroxene and 10-30% fine plagioclase in the case of olivine melagabbro, and <10% fine plagioclase in the case of peridotite. Distinction between the two in drill core can be very difficult due to their fine-grained nature but they can be discriminated geochemically, with olivine melagabbro containing >4% Al2O3, and peridotite <4% Al2O3. Textural variations include diffuse inclusions of peridotite within olivine melaggabro, and rare coarse-grained taxitic pockets and veins often near the top of the intrusion. Olivine melagabbro and peridotite comprise the host rocks for PGE-Cu-Ni sulphide

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--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

mineralization at Steepledge Lake. Mineralization consists predominantly of disseminated and blebby sulphides with rare examples of net-textured sulphides and local cm-scale massive sulphide veinlets. Visible sulphides in drill core consist of pyrrhotite, chalcopyrite, and pyrite. In some of the drill holes, two to three intersections of ultramafic intrusive rock were encountered separated by screens of country rock suggestive of multiple magmatic pulses during emplacement. The hybrid peridotite is highly variable in appearance, and almost always strongly magnetic. In thicker zones it is generally a fine to medium-grained, ophitic-textured grey or pinkish-red rock, often with chloritized mafic minerals and variable fine to medium-grained disseminated pyrite. Near its margins it is almost always aphanitic in texture with good chilled contacts usually preserved. Textural variations include the presence of fine to coarse calcite ocellae and/or elongate quartz inclusions. Thin sills (<1m thick) of aphanitic light-grey hybrid termed ‘grey hybrid chill’ can occur both above and below the main intrusive body.

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--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

Summary of Drill Holes The complete drill logs and assays are presented in the Appendices as well as a 1:500 scale sections for each drill. Table 4 highlights noteworthy intersections from the Phase 3 drilling.

TABLE 4: Summary of Drill Results

From (m)

To (m)From (m)

To (m)Length

(m)Au

(ppm)Pt

(ppm)Pd

(ppm)Cu

(ppm)Ni

(ppm)Pt+Pd (ppm)

SL09‐35 120.90 124.07 4.17 0.016 0.208 0.264 1064 690 0.472

SL09‐36 140.00 142.00 2.00 0.030 0.237 0.268 1127 1233 0.504

SL09‐38 135.00 138.00 3.00 0.021 0.272 0.318 1014 1362 0.590

SL09‐39 194.00 197.00 3.00 0.030 0.296 0.361 1348 800 0.657

SL09‐39 194.00 196.00 2.00 0.038 0.368 0.453 1665 884 0.820

SL09‐39 234.50 246.00 11.50 0.028 0.347 0.392 955 862 0.738

SL09‐39 234.50 236.00 1.50 0.041 0.752 0.814 534 523 1.566

SL09‐39 240.00 242.00 2.00 0.057 0.695 0.827 2295 1490 1.522

SL09‐39 267.00 270.00 3.00 0.025 0.269 0.311 1336 1357 0.580

SL09‐39 267.00 269.00 2.00 0.028 0.316 0.372 1610 1490 0.688

SL09‐39 277.00 280.00 3.00 0.044 0.431 0.459 2178 1818 0.890

SL09‐39 277.00 279.00 2.00 0.060 0.595 0.639 3020 2160 1.234

SL09‐40 228.00 248.00 20.00 0.016 0.209 0.242 966 981 0.451

SL09‐40 242.00 244.00 2.00 0.048 0.714 0.851 3445 1948 1.564

SL09‐41 182.00 209.00 27.00 0.015 0.136 0.164 613 896 0.300

SL09‐41 195.00 197.00 2.00 0.031 0.296 0.373 1460 1280 0.669

SL09‐41 214.00 258.20 44.20 0.045 0.537 0.639 2509 1559 1.176

SL09‐41 216.00 236.00 20.00 0.068 0.887 1.078 4103 2165 1.965

SL09‐41 226.00 229.12 3.12 0.129 2.170 2.774 10228 4901 4.944

including

including

including

including

including

including

including

including

including

14

--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

Interpretation and Recommendations Results of the Phase 4 drill program on the Steepledge Lake project are encouraging and have confirmed the presence of an ultramafic intrusive body that continues south from beneath Steepledge Lake itself. The intrusion shares characteristics with those observed in the Current Lake-Beaver Lake intrusions. Drilling to date indicates that the magmatic conduit has a strike length of 2.4 km and is open to the north and south. As well the conduit is plunging to the south. It is recommended that the Phase 4 Steepledge Lake drill program be followed up with additional drilling immediately south of Steepledge Lake targeting the ultramafic body by using the regional magnetic anomaly as an analogy for the intrusion. Drilling should be targeting areas of anomalous values as well as apparent constrictions and bends within the magmatic conduit which would serve as possible traps for sulphide mineralization. Drilling in this area will likely have to be helicopter supported due to lack of road access and the presence of swamps and small streams.

15

--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

References N.B. Unpublished items marked *** should be available in the MNDM assessment files, Thunder Bay office. Benkis,RA (1977) NTS 52-A-15 MW option, Greenwich Lake area, Ontario. Geological Report. MNDM

Thunder Bay office, Assessment File 2.2295, NTS 52A15/SW, Mineral Exploration File 014. Rio Tinto Canadian Exploration Ltd, v+25pp. plus map and drill plan, report plus larger folder of 5 maps, 2 sections and 39 profiles. ***

EMR Canada (1975) Greenwich Lake. Energy, Mines and Resources Canada, NTS map sheet 52A/15,

1:50,000 scale. Harper,G and Wilson,GC (2000) Prospecting for Cu-Ni-PGE mineralization in the Thunder Bay district,

northwestern Ontario. Report for OPAP Program, Mines Group, MNDM, Sudbury, Ontario, 66pp. plus assay sheets and 16 maps. ***

Hart, T.R and MacDonald, C.A. (2007) Proterozoic and Archean geology of the Nipigon Embayment:

implications for emplacement of the Mesoproterozoic Nipigon diabase sills and mafic to ultramafic intrusions. Canadian Journal of Earth Science, Vol.44: pp.1021-1040.

Heaman, L.M, Easton, R.M., Hart, T.R., MacDonald, C.A., Hollings, P., and Smyk, M. (2007) Further

refinement to the timing of Mesoproterozoic magmatism, Lake Nipigon Region, Ontario. Lake Nipigon Region Geoscience Initiative, Canadian Journal of Earth Science, Vol. 44: pp. 1055-1086.

Heggie, G.J (2005). Whole rock geochemistry, mineral chemistry, petrology and Pt, Pd mineralization of the

Seagull intrusion, northwestern Ontario, Unpublished M.Sc. thesis, Lakehead University, Thunder Bay, Ontario, 156p.

Kleinboeck,JM and Jobin-Bevans,S (2002) Final report: phase 1 diamond drilling, Current Lake property.

Pacific North West Capital Corp., report on drill and assay work of 25 September- 23 October 2002. ***

Williams, H.R. (1991). Quetico Subprovince. In Geology of Ontario. Edited by P.C. Thurston, H.R.Williams, R.H. Sutcliffe, and G.M. Stott. Ontario Geological Survey, Special Vol. 4, Part1, pp. 383-403.

Wilson,GC (2006a) Field geology and petrography, claim block 842189, `Thunder Bay North' project,

Greenwich Lake area (S.W.), Thunder Bay mining division, northwest Ontario. TGSL Report 2006-01F, x+60pp. plus map., for Magma Metals Limited, West Perth, WA. ***

Wilson,GC (2006b) Thunder Bay North project, Greenwich Lake area (S.W.), Thunder Bay mining

division, northwest Ontario: new field and petrographic observations. TGSL Report 2006-09F, viii+29pp., for Magma Metals Ltd, West Perth, WA. Filed for MNDM assessment credits, as introduction to attached McPhar airborne geophysical surveys. ***

Wilson,GC and Harper,G (2000) Prospecting for Cu-Ni-PGE mineralization in the Thunder Bay district,

northwestern Ontario. Report for OPAP Program, Mines Group, MNDM, Sudbury, Ontario, 76pp. ***

16

--- Magma Metals (Canada) Limited – Phase-2 Drilling, Steepledge Lake Project, 2009 ---

Certificate of Qualification

Justin R. Johnson I, Justin R. Johnson, of 101 Whalen Street, Thunder Bay, ON do hereby certify that:

1. I hold a Bachelor of Science (Honours) Degree in Geology (2001), Bachelor of Science (Honours) Degree Physics and Geology (2001) and a Master of Science Degree (Geology) (2005) from Lakehead University, Thunder Bay, Ontario;

2. I have been employed as an independent contract geologist from 1999 to 2007 by various exploration companies within Ontario, Quebec, British Columbia and Durango, Mexico.

3. I am currently employed by Magma Metals (Canada) Limited in Thunder Bay, Ontario as a project geologist;

4. Permission is granted to Magma Metals (Canada) Limited to use this report in a prospectus or other financial offering;

Dated April 30th, 2010 at Thunder Bay, Ontario.

Justin R. Johnson, MSc. Project Geologist

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MAGMA METALS LTD.

Plot Date: 19-Mar-2010

Scale

1 : 4000

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0.00 0.00 4 3

0.00 0.00 24 8

0.01 0.01 24 12 0.01 0.01 185 69 0.01 0.01 141 92 0.01 0.00 137 110 0.02 0.01 257 129 0.02 0.01 371 173 0.01 0.01 176 98 0.02 0.01 137 107 0.02 0.00 128 111 0.03 0.03 160 147 0.02 0.00 121 131 0.01 0.00 124 137 0.02 0.01 166 166 0.03 0.03 158 177 0.02 0.01 131 202 0.06 0.05 279 305 0.08 0.10 486 473 0.05 0.05 300 442 0.04 0.04 270 453 0.03 0.03 201 447 0.03 0.03 188 417 0.07 0.07 381 406 0.06 0.06 330 439 0.05 0.05 361 379 0.07 0.07 343 333 0.13 0.15 756 573 0.14 0.17 690 646 0.10 0.12 490 527 0.20 0.26 1045 700 0.08 0.10 467 532 0.17 0.20 794 814 0.09 0.11 445 585 0.09 0.12 465 596 0.05 0.07 315 444 0.07 0.07 343 480 0.07 0.08 368 516 0.08 0.10 399 454 0.12 0.14 601 516 0.11 0.15 630 662 0.17 0.22 910 1190 0.10 0.12 520 938 0.16 0.19 794 1060 0.13 0.16 571 875 0.20 0.25 1055 943 0.07 0.07 289 630 0.05 0.05 250 714 0.05 0.05 213 765 0.06 0.07 273 718 0.08 0.09 292 787 0.07 0.10 316 805 0.09 0.11 343 825 0.08 0.08 240 749 0.06 0.07 241 765 0.08 0.09 346 762 0.18 0.21 683 863 0.10 0.11 340 898 0.17 0.18 599 955 0.06 0.05 230 1170 0.02 0.01 113 1040 0.02 0.02 103 1100 0.06 0.05 170 789 0.05 0.04 200 728 0.05 0.05 215 776 0.06 0.06 209 678 0.04 0.04 198 739 0.30 0.41 1760 740 0.17 0.22 798 189 0.20 0.25 1010 859 0.15 0.17 659 878 0.21 0.26 979 620 0.08 0.09 365 895 0.09 0.09 391 894 0.09 0.10 428 836 0.06 0.06 279 857 0.04 0.04 196 847 0.09 0.10 353 883 0.03 0.03 150 845 0.06 0.06 265 937 0.06 0.06 236 910 0.06 0.07 248 1000 0.07 0.07 293 982 0.05 0.05 215 1040 0.03 0.02 145 1030 0.04 0.04 184 1060 0.04 0.03 161 1040 0.04 0.04 175 983 0.03 0.03 155 980 0.02 0.02 87 500 0.14 0.12 737 1080 0.09 0.11 401 995 0.02 0.01 111 837 0.06 0.05 257 903 0.11 0.11 433 1020 0.05 0.04 184 1020 0.04 0.04 189 989 0.06 0.06 186 1050 0.06 0.06 128 1010 0.04 0.04 98 1020 0.02 0.01 98 880 0.02 0.01 111 975 0.02 0.01 517 1160 0.15 0.16 135 963 0.03 0.03 145 910 0.03 0.03 293 880 0.07 0.07 581 992 0.14 0.16 274 993 0.02 0.02 187 826 0.05 0.05 280 911 0.15 0.16 589 961 0.15 0.16 317 939 0.08 0.08 377 910 0.10 0.10 167 801 0.03 0.03 350 896 0.07 0.07 313 894 0.04 0.04 219 819 0.11 0.11 496 846 0.25 0.26 986 748 0.01 0.01 70 12

0.00 0.00 5 6

0.00 0.00 4 2

0.00 0.00 45 1 0.01 0.01 140 562 0.01 0.01 150 787 0.02 0.01 142 815 0.02 0.02 123 835 0.04 0.04 210 874 0.03 0.03 197 815

0.00 0.00 7 7

0.00 0.00 5 2

0.00 0.00 58 29 0.00 0.00 53 64 0.00 0.00 93 209 0.00 0.00 93 68 0.00 0.00 30 35

0.00 0.00 1 1

0.00 0.00 1 1

PtPPM PdPPM Cuppm NiPPM

0.00 0.00 1 1

0.00 0.00 2 1

0.03 0.03 80 117

0.03 0.03 200 249 0.07 0.08 296 641 0.05 0.06 255 747 0.08 0.09 297 718 0.32 0.42 1285 1220 0.05 0.06 211 600 0.06 0.08 291 631 0.05 0.06 230 495 0.03 0.04 149 589 0.08 0.10 361 728 0.06 0.06 261 635 0.07 0.10 315 661 0.07 0.08 359 766 0.09 0.12 454 840 0.06 0.08 300 813 0.07 0.10 364 890 0.10 0.14 571 1020 0.08 0.09 409 939 0.05 0.07 284 892 0.09 0.11 398 1060 0.12 0.15 572 1150 0.08 0.10 393 964 0.07 0.08 364 1020 0.06 0.07 262 868 0.14 0.19 575 1140 0.08 0.10 308 841 0.07 0.09 287 832 0.09 0.11 392 1050 0.09 0.10 320 873 0.13 0.15 511 961 0.06 0.07 246 847 0.09 0.12 357 947 0.13 0.16 462 948 0.13 0.14 364 992 0.07 0.08 242 926 0.08 0.09 264 1010 0.11 0.12 378 1020 0.09 0.10 355 979 0.14 0.16 506 1120 0.08 0.09 264 929 0.12 0.13 405 1060 0.15 0.16 530 1260 0.03 0.03 116 1150 0.02 0.01 84 1140 0.05 0.05 175 1020 0.06 0.06 183 823 0.04 0.03 166 787 0.03 0.02 137 782 0.04 0.03 153 780 0.03 0.02 170 787 0.09 0.09 512 662 0.09 0.09 435 936 0.04 0.04 207 872 0.03 0.02 140 827 0.02 0.02 122 847 0.04 0.04 187 907 0.03 0.02 129 891 0.04 0.04 179 894 0.05 0.04 170 924 0.04 0.04 159 954 0.05 0.04 188 948 0.09 0.09 390 1080 0.04 0.04 216 971 0.14 0.15 629 1100 0.34 0.38 1625 1365 0.08 0.08 328 1075 0.06 0.06 245 1045 0.05 0.05 163 1030 0.04 0.03 140 1015 0.03 0.02 110 1025 0.06 0.05 226 1090 0.02 0.01 107 1025 0.06 0.05 214 1085 0.06 0.06 282 994 0.06 0.04 163 1065 0.02 0.01 88 1065 0.03 0.02 105 1085 0.03 0.02 116 1065 0.03 0.03 107 1125 0.04 0.04 109 1140 0.02 0.01 82 1095 0.02 0.02 97 1075 0.02 0.01 90 1075 0.02 0.01 88 1020 0.04 0.03 120 1060 0.03 0.03 111 1020 0.04 0.04 142 1060 0.04 0.03 117 1030 0.05 0.04 162 1000 0.05 0.04 133 987 0.06 0.05 230 1010 0.04 0.04 176 929 0.06 0.06 346 995 0.03 0.03 185 1130 0.04 0.03 179 1120 0.06 0.06 269 1200 0.07 0.07 296 1290 0.06 0.07 260 1220 0.07 0.08 336 1310 0.06 0.06 290 1360 0.15 0.15 633 1450 0.07 0.06 286 1270 0.04 0.04 204 1230 0.06 0.06 271 1300 0.06 0.06 281 1260 0.10 0.10 433 1280 0.11 0.11 511 1320 0.04 0.04 228 1110 0.03 0.03 186 1110 0.03 0.03 187 1110 0.02 0.02 137 1050 0.04 0.03 186 1100 0.06 0.06 302 1150 0.05 0.04 257 1110 0.06 0.05 251 990 0.03 0.03 169 937 0.11 0.11 575 806

0.01 0.01 58 47

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0.00 0.00 1 10

0.00 0.00 2 1 0.00 0.00 43 40 0.00 0.00 1 1

0.00 0.00 1 1

PtPPM PdPPM Cuppm NiPPM

0.00 0.00 57 52 0.01 0.01 179 181 0.00 0.00 86 66

0.00 0.00 3 4 0.00 0.00 2 7 0.00 0.00 4 3 0.00 0.00 3 2

0.00 0.00 2 2

0.00 0.00 2 3 0.00 0.00 4 65 0.07 0.07 224 171

0.05 0.04 264 110

0.01 0.01 146 74

0.01 0.00 140 84

0.00 0.00 86 45

0.00 0.00 115 57

0.01 0.00 96 79

0.01 0.00 114 91

0.01 0.00 135 109

0.02 0.01 143 121 0.01 0.01 113 115

0.01 0.01 99 115

0.01 0.01 103 118

0.01 0.00 102 121

0.01 0.00 122 114

0.02 0.00 119 115

0.01 0.00 122 125

0.02 0.01 150 161

0.03 0.03 177 184

0.03 0.02 176 223

0.06 0.07 396 406 0.04 0.04 231 416 0.04 0.03 232 403 0.06 0.06 332 336 0.15 0.20 847 445 0.16 0.19 980 466 0.05 0.05 249 279 0.11 0.12 591 395 0.04 0.04 189 319 0.06 0.06 313 373 0.05 0.05 331 393 0.07 0.09 410 420 0.05 0.05 301 428 0.08 0.09 425 456

0.07 0.08 338 566

0.04 0.04 197 738

0.07 0.07 184 692

0.06 0.07 269 437

0.03 0.04 194 489

0.10 0.11 445 506

0.06 0.06 252 501

0.04 0.04 277 423

0.14 0.12 340 443

0.09 0.10 391 573

0.11 0.11 344 589

0.05 0.06 294 441 0.08 0.07 338 205 0.01 0.01 59 16 0.03 0.03 345 144

0.03 0.03 168 565

0.04 0.03 176 515

0.02 0.02 133 503

0.00 0.00 1 4

0.00 0.00 1 3

0.00 0.00 3 5

0.01 0.01 148 131

0.00 0.00 1 1

0.00 0.00 1 1 0.00 0.00 28 22 0.00 0.00 1 1 0.02 0.02 212 712

0.02 0.02 141 966

0.05 0.04 241 1030

0.03 0.02 139 938

0.06 0.06 395 706 0.02 0.02 265 343

0.00 0.00 150 690

0.00 0.00 71 203

0.00 0.00 52 104 0.00 0.00 44 38

0.00 0.00 3 2

0.00 0.00 1 3

PtPPM PdPPM Cuppm NiPPM

0.00 0.00 1 1

0.00 0.00 1 2

0.00 0.00 1 1

0.00 0.00 2 4

0.00 0.00 1 1

0.00 0.00 2 3

0.01 0.00 538 110

0.20 0.15 277 218

0.02 0.02 171 284

0.02 0.02 166 339

0.02 0.02 175 309

0.05 0.04 251 362 0.05 0.03 238 312 0.03 0.02 203 263 0.04 0.05 253 290 0.03 0.02 158 232 0.03 0.03 209 269 0.02 0.02 158 235 0.03 0.03 179 236 0.09 0.11 412 391 0.13 0.16 480 336 0.03 0.01 169 222 0.02 0.02 188 225 0.05 0.05 280 367 0.06 0.06 254 404 0.06 0.08 477 627 0.13 0.11 390 724 0.04 0.03 428 626 0.03 0.03 336 598 0.03 0.02 208 517 0.03 0.03 198 658 0.06 0.07 281 772 0.05 0.06 238 765 0.05 0.06 214 764 0.09 0.12 408 823 0.10 0.13 430 927 0.11 0.13 463 909 0.12 0.16 536 913 0.23 0.30 1030 1160 0.10 0.14 389 879 0.11 0.12 364 878 0.08 0.09 249 856 0.19 0.22 724 1235 0.40 0.49 1495 1700 0.12 0.12 453 1150 0.30 0.34 1095 1235 0.05 0.05 257 672 0.04 0.04 195 642 0.08 0.10 413 762 0.09 0.09 336 861 0.05 0.06 285 706 0.05 0.05 242 756 0.07 0.07 363 824 0.06 0.06 246 796 0.05 0.05 246 770 0.06 0.06 294 844 0.04 0.04 207 846 0.07 0.09 280 868 0.03 0.03 154 777 0.03 0.02 172 746 0.02 0.01 113 752 0.06 0.06 325 850 0.04 0.03 200 837 0.05 0.06 259 927 0.03 0.02 125 924 0.03 0.02 153 939 0.04 0.03 135 924 0.02 0.01 123 916 0.03 0.02 143 961 0.02 0.01 116 892 0.02 0.01 124 937 0.02 0.01 111 882 0.02 0.01 117 920 0.02 0.01 110 884 0.03 0.02 146 857 0.15 0.16 638 781 0.03 0.03 205 812 0.02 0.01 124 801 0.03 0.02 152 758 0.04 0.04 224 747 0.03 0.03 200 685 0.05 0.04 249 661

0.04 0.04 190 163

0.00 0.00 5 7

0.00 0.00 1 1

0.00 0.00 1 1

0.00 0.00 112 114 0.02 0.01 179 653 0.02 0.01 130 980 0.03 0.02 172 868 0.03 0.02 160 1090 0.03 0.02 189 1175 0.04 0.03 218 1230 0.02 0.02 157 1260 0.04 0.04 204 1330 0.03 0.02 162 1315 0.03 0.03 129 1290 0.02 0.01 104 1340 0.04 0.04 134 1365 0.03 0.03 152 1355 0.06 0.06 272 1445 0.02 0.03 241 1330 0.01 0.01 135 1245 0.01 0.01 170 1165 0.01 0.01 162 1020 0.01 0.01 213 954 0.00 0.00 107 726 0.02 0.02 356 956 0.03 0.03 750 1025

0.00 0.00 12 6

0.00 0.00 2 3

0.00 0.00 1 1 0.00 0.00 1 1 0.00 0.00 14 23 0.00 0.00 1 1 0.00 0.00 1 1

PtPPM PdPPM Cuppm NiPPM

0.00 0.00 3 10 0.00 0.00 3 5 0.02 0.01 157 194 0.00 0.00 2 7 0.00 0.00 1 10

0.00 0.00 1 3 0.00 0.00 5 7 0.01 0.01 11 10 0.01 0.00 177 40 0.01 0.01 163 45 0.01 0.01 146 89 0.02 0.01 207 96 0.01 0.01 147 92 0.01 0.00 118 94 0.01 0.00 127 117 0.02 0.01 126 118 0.01 0.00 123 128 0.01 0.00 127 128 0.01 0.00 122 136 0.01 0.00 122 136 0.05 0.05 303 231 0.09 0.09 556 459 0.04 0.04 259 459 0.06 0.07 313 495 0.05 0.04 240 484 0.03 0.03 213 467 0.04 0.04 254 499 0.04 0.04 190 416 0.04 0.04 189 407 0.37 0.44 1585 799 0.37 0.46 1745 969 0.15 0.18 713 632 0.04 0.04 223 510 0.08 0.09 342 636 0.03 0.02 108 276 0.02 0.03 155 304 0.05 0.06 226 370 0.05 0.05 262 433 0.04 0.04 203 428 0.05 0.05 243 380 0.02 0.02 151 438 0.03 0.02 156 374 0.04 0.03 205 336 0.04 0.04 176 374 0.04 0.04 201 369 0.06 0.07 275 465 0.05 0.06 259 380 0.05 0.05 222 351 0.04 0.04 222 381 0.12 0.12 477 357 0.05 0.04 245 298 0.05 0.04 287 387 0.12 0.14 446 481 0.33 0.38 1700 648 0.02 0.02 16 16 0.00 0.00 4 2 0.00 0.00 1 4

0.00 0.00 4 4

0.01 0.01 4 6 1.20 1.22 585 587 0.53 0.61 509 491 0.07 0.07 198 289 0.04 0.03 207 272 0.11 0.12 484 379 0.38 0.45 1380 964 0.73 0.88 2290 1580 0.66 0.77 2300 1400 0.46 0.51 1685 1150 0.12 0.13 517 962 0.07 0.07 302 977 0.22 0.25 819 1155 0.06 0.06 225 1005 0.04 0.05 219 979 0.04 0.04 183 895 0.03 0.02 141 630 0.06 0.07 369 548 0.01 0.01 29 116 0.00 0.00 3 5 0.01 0.01 64 32 0.03 0.03 174 670 0.05 0.05 279 901 0.05 0.05 266 968 0.03 0.02 145 898 0.06 0.07 299 969 0.05 0.05 295 979 0.02 0.02 162 952 0.03 0.02 132 839 0.04 0.04 206 994 0.04 0.04 231 951 0.03 0.03 171 907 0.02 0.01 125 842 0.01 0.01 109 768 0.24 0.28 1360 1370 0.39 0.46 1860 1610 0.18 0.19 789 1090 0.08 0.09 400 1090 0.04 0.04 268 1065 0.06 0.06 344 1060 0.04 0.04 250 983 0.07 0.06 335 1120 0.02 0.02 146 1030 0.04 0.04 234 1070 0.52 0.56 2740 2160 0.68 0.71 3300 2160 0.10 0.10 494 1135 0.05 0.05 322 1175 0.08 0.09 461 1245 0.02 0.02 162 1050 0.05 0.05 231 1000 0.02 0.01 123 894 0.02 0.02 170 970 0.03 0.02 147 973 0.08 0.08 423 1025 0.05 0.05 271 939 0.02 0.02 162 877 0.02 0.02 207 846 0.01 0.01 202 791 0.01 0.01 156 840 0.00 0.00 81 122 0.00 0.00 42 44 0.00 0.00 2 2

0.00 0.00 1 4

PtPPM PdPPM Cuppm NiPPM

0.00 0.00 8 5 0.01 0.01 145 127 0.00 0.00 15 6 0.01 0.01 136 165 0.00 0.00 41 16

0.00 0.00 5 7

0.00 0.00 14 3

0.02 0.01 173 102 0.01 0.01 110 113 0.02 0.02 140 229 0.04 0.04 224 352 0.03 0.03 180 298 0.06 0.09 351 437 0.05 0.07 272 415 0.07 0.10 304 543 0.03 0.04 227 381 0.04 0.06 271 543 0.07 0.12 416 493 0.04 0.04 211 532 0.07 0.08 292 568 0.06 0.07 282 658 0.07 0.08 385 576 0.05 0.04 273 427 0.04 0.04 209 339 0.04 0.04 208 400 0.07 0.09 346 590 0.06 0.07 330 388 0.04 0.04 247 388 0.05 0.06 354 318 0.00 0.00 10 2 0.65 0.87 4030 1385 0.00 0.00 5 2

0.00 0.00 8 2

0.00 0.00 6 1

0.00 0.00 2 1

0.00 0.00 2 1 0.11 0.12 255 246 0.03 0.02 167 242 0.06 0.06 243 543 0.06 0.06 274 673 0.05 0.04 224 652 0.04 0.03 169 634 0.06 0.06 277 562 0.00 0.00 32 2 0.40 0.48 1530 796

0.00 0.00 7 2

0.00 0.00 2 1

0.00 0.00 1 1

0.00 0.00 1 1

0.00 0.00 1 1

0.02 0.01 151 111

0.00 0.00 5 2

0.00 0.00 2 1

0.00 0.00 1 2

0.00 0.01 1 1

0.08 0.09 179 300 0.01 0.01 123 336 0.02 0.02 134 586 0.03 0.02 121 638 0.04 0.04 192 667 0.10 0.10 485 868 0.24 0.27 772 927 0.32 0.35 1090 1050 0.15 0.16 595 865 0.05 0.05 199 762 0.10 0.10 384 825 0.27 0.30 1205 960 0.39 0.42 1970 899 0.06 0.06 270 717 0.12 0.13 533 806 0.04 0.03 203 746 0.11 0.11 564 764 0.06 0.06 283 739 0.06 0.06 290 742 0.61 0.73 2820 1685 0.82 0.97 4070 2210 0.14 0.16 597 871 0.06 0.06 271 800 0.34 0.54 1975 1400 0.15 0.16 734 982 0.03 0.02 123 743 0.03 0.03 170 709 0.08 0.07 358 725 0.03 0.03 223 800 0.02 0.01 126 939 0.02 0.01 117 877 0.02 0.01 119 900 0.02 0.01 118 922 0.05 0.05 260 954 0.03 0.03 188 918 0.02 0.01 133 905 0.02 0.01 103 917 0.02 0.01 141 913 0.03 0.03 243 958 0.03 0.03 161 1085 0.05 0.05 183 1100 0.09 0.09 328 1170 0.11 0.11 369 1240 0.02 0.02 151 1175 0.04 0.04 185 1240 0.05 0.05 251 1300 0.01 0.01 119 1215 0.04 0.04 197 1285 0.02 0.02 113 1235 0.03 0.03 175 1310 0.06 0.06 239 1370 0.02 0.02 153 1410 0.01 0.01 61 1345 0.06 0.06 287 1385 0.02 0.02 96 1375 0.02 0.01 103 1365 0.05 0.05 313 1410 0.02 0.02 134 1360 0.02 0.02 124 1310 0.02 0.02 123 1265 0.02 0.02 127 1220 0.02 0.02 128 1195 0.03 0.03 168 1170 0.03 0.02 146 1150 0.02 0.01 122 1180 0.09 0.10 480 1195 0.11 0.12 520 1320 0.04 0.04 237 1200 0.02 0.02 180 1090 0.05 0.05 315 1105 0.09 0.10 538 977 0.15 0.14 1110 1015 0.02 0.02 171 506 0.00 0.00 87 79

0.00 0.00 4 7

0.00 0.00 2 5

PtPPM PdPPM Cuppm NiPPM

0.00 0.00 69 72 0.01 0.01 147 124 0.00 0.00 54 167

0.00 0.00 6 84

0.00 0.00 8 93 0.10 0.10 166 120 0.00 0.00 95 23 0.00 0.00 79 12 0.00 0.00 36 20 0.02 0.01 276 100 0.01 0.00 123 112 0.02 0.02 136 182 0.06 0.06 197 275 0.04 0.04 208 359 0.06 0.05 240 302 0.06 0.06 323 458 0.06 0.06 272 487 0.04 0.05 284 477 0.07 0.09 389 583 0.06 0.06 307 682 0.05 0.05 274 636 0.10 0.11 566 708 0.06 0.05 288 731 0.06 0.07 314 805 0.08 0.08 356 722 0.06 0.06 265 759 0.04 0.04 179 619 0.04 0.05 208 584 0.07 0.08 276 659 0.07 0.07 276 701 0.05 0.04 214 610 0.07 0.07 284 571 0.06 0.06 273 583 0.04 0.04 191 566 0.06 0.05 296 583 0.06 0.06 331 603 0.05 0.04 214 372 0.07 0.07 364 445 0.05 0.04 199 359 0.09 0.10 396 494 0.13 0.14 630 626 0.09 0.09 434 587 0.11 0.12 507 559 0.10 0.11 455 577 0.06 0.06 312 566 0.09 0.10 419 555 0.09 0.10 452 564 0.05 0.05 271 510 0.06 0.06 252 546 0.23 0.25 962 947 0.15 0.17 762 659 0.16 0.19 709 683 0.09 0.13 491 666 0.11 0.14 510 712 0.08 0.09 393 651 0.09 0.11 417 773 0.07 0.08 303 771 0.12 0.16 574 790 0.15 0.19 710 896 0.13 0.16 632 938 0.10 0.12 487 794 0.17 0.22 776 1050 0.23 0.28 1120 1130 0.36 0.46 1800 1430 0.19 0.23 947 979 0.11 0.14 498 922 0.12 0.14 488 938 0.15 0.17 564 833 0.21 0.25 854 1010 0.08 0.08 301 894 0.11 0.14 457 881 0.10 0.11 368 955 0.10 0.12 396 959 0.08 0.09 281 898 0.09 0.10 368 960 0.09 0.11 386 1070 0.08 0.09 278 1010 0.06 0.07 246 972 0.08 0.09 257 982 0.07 0.08 273 1030 0.06 0.07 245 1030 0.14 0.16 425 1090 0.20 0.22 641 1150 0.29 0.34 1130 1180 0.16 0.18 573 1030 0.15 0.16 597 990 0.18 0.20 574 980 0.68 0.81 2970 1560 0.92 1.16 4740 2070 0.82 0.98 3890 2240 0.43 0.51 2250 1710 0.79 0.96 4190 2560 0.83 1.00 4350 2410 1.63 1.94 8070 3750 2.71 3.69 13100 6480 2.17 2.70 9590 4520 0.28 0.30 1265 1180 1.31 1.53 6970 2910 0.24 0.25 908 1160 3.33 4.23 17600 6480 0.77 0.84 2800 1110 1.41 1.58 4780 1540 0.42 0.46 1555 820 0.35 0.38 1295 736 0.11 0.12 455 580 0.10 0.10 449 564 0.08 0.07 356 559 0.16 0.18 836 771 0.24 0.26 1230 1105 0.13 0.14 667 959 0.24 0.19 489 786 0.03 0.03 194 751 0.07 0.07 399 839 0.25 0.27 1075 1175 0.19 0.21 963 983 0.12 0.13 514 786 0.12 0.13 556 743 0.15 0.17 761 984 0.22 0.25 1030 1085 0.50 0.58 2530 1460 0.44 0.50 2160 1310 0.82 0.94 4200 2300 0.78 0.90 4130 2220 0.47 0.55 2460 1380 0.20 0.23 1080 926 0.21 0.24 1040 939 0.05 0.06 162 110

0.00 0.00 11 66 0.09 0.09 220 200 0.02 0.02 170 363 0.04 0.03 168 617 0.03 0.03 183 574 0.04 0.04 216 647 0.03 0.03 209 598 0.01 0.01 251 78 0.01 0.01 24 157 0.00 0.00 14 69

0.00 0.00 22 82

0.01 0.01 82 327

0.01 0.01 125 370 0.01 0.01 85 336 0.01 0.01 97 353

0.02 0.02 145 555 0.01 0.01 103 562 0.03 0.03 186 761 0.24 0.12 134 721 0.04 0.03 165 807 0.03 0.03 156 830 0.03 0.03 128 851 0.06 0.06 315 1165 0.06 0.06 271 1140 0.04 0.04 149 983 0.07 0.07 431 1210 0.07 0.06 347 1190 0.05 0.05 302 1105 0.01 0.01 109 771 0.02 0.02 52 860 0.01 0.01 600 782 0.01 0.01 284 633 0.04 0.02 224 1015 0.04 0.02 137 1365 0.02 0.01 92 1405 0.01 0.01 95 1430 0.03 0.03 123 1435 0.02 0.01 111 1405 0.02 0.02 102 1455 0.02 0.01 92 1435 0.02 0.01 92 1460 0.01 0.01 91 1420 0.02 0.01 96 1440 0.01 0.01 102 1435 0.02 0.01 112 1430 0.02 0.01 113 1500 0.03 0.03 143 1475 0.01 0.01 105 1465 0.03 0.02 149 1485 0.01 0.01 97 1425 0.01 0.01 90 1445 0.01 0.01 95 1395 0.01 0.00 87 1370 0.02 0.02 128 1495 0.01 0.01 93 1475 0.02 0.02 147 1500 0.05 0.05 268 1485 0.02 0.02 140 1370 0.02 0.02 153 1415 0.02 0.02 154 1360 0.03 0.03 212 1355 0.02 0.02 132 1255 0.02 0.01 133 1200 0.02 0.01 143 1090 0.01 0.01 165 993 0.01 0.00 121 882 0.01 0.01 251 834 0.01 0.01 237 199 0.00 0.00 28 69

0.00 0.00 25 66

PtPPM PdPPM Cuppm NiPPM

SL09-35

255m

50-105

100-106

150-106

200-107

250-108

SL09-36

249m

50+85

100+86

150+86

200+87

SL09-37

309m

50+115

100+116

150+117

200+117

250+118

300+118

SL09-38

267m

50+95

100+95

150+94

200+94

250+94

SL09-39

348m

50+18

100+18

150+18

200+18

250+18

300+18

SL09-40

348m

50-64

100-64

150-63

200-62

250-62

300-61

SL09-41

441m

50-94

100-96

150-97

200-98

250-100

300-102

350-103

400-105

SL09-35

SL09-36

SL09-37

SL09-38

SL09-39

SL09-40SL09-41

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0.00 0.00 5 5

0.00 0.00 3 2

0.00 0.00 3 12

0.00 0.00 2 1

0.00 0.00 4 3

0.00 0.00 24 8

0.01 0.01 24 12 0.01 0.01 185 69 0.01 0.01 141 92 0.01 0.00 137 110 0.02 0.01 257 129 0.02 0.01 371 173 0.01 0.01 176 98 0.02 0.01 137 107 0.02 0.00 128 111 0.03 0.03 160 147 0.02 0.00 121 131 0.01 0.00 124 137 0.02 0.01 166 166 0.03 0.03 158 177 0.02 0.01 131 202 0.06 0.05 279 305 0.08 0.10 486 473 0.05 0.05 300 442 0.04 0.04 270 453 0.03 0.03 201 447 0.03 0.03 188 417 0.07 0.07 381 406 0.06 0.06 330 439 0.05 0.05 361 379 0.07 0.07 343 333 0.13 0.15 756 573 0.14 0.17 690 646 0.10 0.12 490 527 0.20 0.26 1045 700 0.08 0.10 467 532 0.17 0.20 794 814 0.09 0.11 445 585 0.09 0.12 465 596 0.05 0.07 315 444 0.07 0.07 343 480 0.07 0.08 368 516 0.08 0.10 399 454 0.12 0.14 601 516 0.11 0.15 630 662 0.17 0.22 910 1190 0.10 0.12 520 938 0.16 0.19 794 1060 0.13 0.16 571 875 0.20 0.25 1055 943 0.07 0.07 289 630 0.05 0.05 250 714 0.05 0.05 213 765 0.06 0.07 273 718 0.08 0.09 292 787 0.07 0.10 316 805 0.09 0.11 343 825 0.08 0.08 240 749 0.06 0.07 241 765 0.08 0.09 346 762 0.18 0.21 683 863 0.10 0.11 340 898 0.17 0.18 599 955 0.06 0.05 230 1170 0.02 0.01 113 1040 0.02 0.02 103 1100 0.06 0.05 170 789 0.05 0.04 200 728 0.05 0.05 215 776 0.06 0.06 209 678 0.04 0.04 198 739 0.30 0.41 1760 740 0.17 0.22 798 189 0.20 0.25 1010 859 0.15 0.17 659 878 0.21 0.26 979 620 0.08 0.09 365 895 0.09 0.09 391 894 0.09 0.10 428 836 0.06 0.06 279 857 0.04 0.04 196 847 0.09 0.10 353 883 0.03 0.03 150 845 0.06 0.06 265 937 0.06 0.06 236 910 0.06 0.07 248 1000 0.07 0.07 293 982 0.05 0.05 215 1040 0.03 0.02 145 1030 0.04 0.04 184 1060 0.04 0.03 161 1040 0.04 0.04 175 983 0.03 0.03 155 980 0.02 0.02 87 500 0.14 0.12 737 1080 0.09 0.11 401 995 0.02 0.01 111 837 0.06 0.05 257 903 0.11 0.11 433 1020 0.05 0.04 184 1020 0.04 0.04 189 989 0.06 0.06 186 1050 0.06 0.06 128 1010 0.04 0.04 98 1020 0.02 0.01 98 880 0.02 0.01 111 975 0.02 0.01 517 1160 0.15 0.16 135 963 0.03 0.03 145 910 0.03 0.03 293 880 0.07 0.07 581 992 0.14 0.16 274 993 0.02 0.02 187 826 0.05 0.05 280 911 0.15 0.16 589 961 0.15 0.16 317 939 0.08 0.08 377 910 0.10 0.10 167 801 0.03 0.03 350 896 0.07 0.07 313 894 0.04 0.04 219 819 0.11 0.11 496 846 0.25 0.26 986 748 0.01 0.01 70 12

0.00 0.00 5 6

0.00 0.00 4 2

0.00 0.00 45 1 0.01 0.01 140 562 0.01 0.01 150 787 0.02 0.01 142 815 0.02 0.02 123 835 0.04 0.04 210 874 0.03 0.03 197 815

0.00 0.00 7 7

0.00 0.00 5 2

0.00 0.00 58 29 0.00 0.00 53 64 0.00 0.00 93 209 0.00 0.00 93 68 0.00 0.00 30 35

0.00 0.00 1 1

0.00 0.00 1 1

PtPPM PdPPM Cuppm NiPPM

0.00 0.00 1 1

0.00 0.00 2 1

0.03 0.03 80 117

0.03 0.03 200 249 0.07 0.08 296 641 0.05 0.06 255 747 0.08 0.09 297 718 0.32 0.42 1285 1220 0.05 0.06 211 600 0.06 0.08 291 631 0.05 0.06 230 495 0.03 0.04 149 589 0.08 0.10 361 728 0.06 0.06 261 635 0.07 0.10 315 661 0.07 0.08 359 766 0.09 0.12 454 840 0.06 0.08 300 813 0.07 0.10 364 890 0.10 0.14 571 1020 0.08 0.09 409 939 0.05 0.07 284 892 0.09 0.11 398 1060 0.12 0.15 572 1150 0.08 0.10 393 964 0.07 0.08 364 1020 0.06 0.07 262 868 0.14 0.19 575 1140 0.08 0.10 308 841 0.07 0.09 287 832 0.09 0.11 392 1050 0.09 0.10 320 873 0.13 0.15 511 961 0.06 0.07 246 847 0.09 0.12 357 947 0.13 0.16 462 948 0.13 0.14 364 992 0.07 0.08 242 926 0.08 0.09 264 1010 0.11 0.12 378 1020 0.09 0.10 355 979 0.14 0.16 506 1120 0.08 0.09 264 929 0.12 0.13 405 1060 0.15 0.16 530 1260 0.03 0.03 116 1150 0.02 0.01 84 1140 0.05 0.05 175 1020 0.06 0.06 183 823 0.04 0.03 166 787 0.03 0.02 137 782 0.04 0.03 153 780 0.03 0.02 170 787 0.09 0.09 512 662 0.09 0.09 435 936 0.04 0.04 207 872 0.03 0.02 140 827 0.02 0.02 122 847 0.04 0.04 187 907 0.03 0.02 129 891 0.04 0.04 179 894 0.05 0.04 170 924 0.04 0.04 159 954 0.05 0.04 188 948 0.09 0.09 390 1080 0.04 0.04 216 971 0.14 0.15 629 1100 0.34 0.38 1625 1365 0.08 0.08 328 1075 0.06 0.06 245 1045 0.05 0.05 163 1030 0.04 0.03 140 1015 0.03 0.02 110 1025 0.06 0.05 226 1090 0.02 0.01 107 1025 0.06 0.05 214 1085 0.06 0.06 282 994 0.06 0.04 163 1065 0.02 0.01 88 1065 0.03 0.02 105 1085 0.03 0.02 116 1065 0.03 0.03 107 1125 0.04 0.04 109 1140 0.02 0.01 82 1095 0.02 0.02 97 1075 0.02 0.01 90 1075 0.02 0.01 88 1020 0.04 0.03 120 1060 0.03 0.03 111 1020 0.04 0.04 142 1060 0.04 0.03 117 1030 0.05 0.04 162 1000 0.05 0.04 133 987 0.06 0.05 230 1010 0.04 0.04 176 929 0.06 0.06 346 995 0.03 0.03 185 1130 0.04 0.03 179 1120 0.06 0.06 269 1200 0.07 0.07 296 1290 0.06 0.07 260 1220 0.07 0.08 336 1310 0.06 0.06 290 1360 0.15 0.15 633 1450 0.07 0.06 286 1270 0.04 0.04 204 1230 0.06 0.06 271 1300 0.06 0.06 281 1260 0.10 0.10 433 1280 0.11 0.11 511 1320 0.04 0.04 228 1110 0.03 0.03 186 1110 0.03 0.03 187 1110 0.02 0.02 137 1050 0.04 0.03 186 1100 0.06 0.06 302 1150 0.05 0.04 257 1110 0.06 0.05 251 990 0.03 0.03 169 937 0.11 0.11 575 806

0.01 0.01 58 47

0.00 0.00 2 7

0.00 0.00 1 10

0.00 0.00 2 1 0.00 0.00 43 40 0.00 0.00 1 1

0.00 0.00 1 1

PtPPM PdPPM Cuppm NiPPM

0.00 0.00 57 52 0.01 0.01 179 181 0.00 0.00 86 66

0.00 0.00 3 4 0.00 0.00 2 7 0.00 0.00 4 3 0.00 0.00 3 2

0.00 0.00 2 2

0.00 0.00 2 3 0.00 0.00 4 65 0.07 0.07 224 171

0.05 0.04 264 110

0.01 0.01 146 74

0.01 0.00 140 84

0.00 0.00 86 45

0.00 0.00 115 57

0.01 0.00 96 79

0.01 0.00 114 91

0.01 0.00 135 109

0.02 0.01 143 121 0.01 0.01 113 115

0.01 0.01 99 115

0.01 0.01 103 118

0.01 0.00 102 121

0.01 0.00 122 114

0.02 0.00 119 115

0.01 0.00 122 125

0.02 0.01 150 161

0.03 0.03 177 184

0.03 0.02 176 223

0.06 0.07 396 406 0.04 0.04 231 416 0.04 0.03 232 403 0.06 0.06 332 336 0.15 0.20 847 445 0.16 0.19 980 466 0.05 0.05 249 279 0.11 0.12 591 395 0.04 0.04 189 319 0.06 0.06 313 373 0.05 0.05 331 393 0.07 0.09 410 420 0.05 0.05 301 428 0.08 0.09 425 456

0.07 0.08 338 566

0.04 0.04 197 738

0.07 0.07 184 692

0.06 0.07 269 437

0.03 0.04 194 489

0.10 0.11 445 506

0.06 0.06 252 501

0.04 0.04 277 423

0.14 0.12 340 443

0.09 0.10 391 573

0.11 0.11 344 589

0.05 0.06 294 441 0.08 0.07 338 205 0.01 0.01 59 16 0.03 0.03 345 144

0.03 0.03 168 565

0.04 0.03 176 515

0.02 0.02 133 503

0.00 0.00 1 4

0.00 0.00 1 3

0.00 0.00 3 5

0.01 0.01 148 131

0.00 0.00 1 1

0.00 0.00 1 1 0.00 0.00 28 22 0.00 0.00 1 1 0.02 0.02 212 712

0.02 0.02 141 966

0.05 0.04 241 1030

0.03 0.02 139 938

0.06 0.06 395 706 0.02 0.02 265 343

0.00 0.00 150 690

0.00 0.00 71 203

0.00 0.00 52 104 0.00 0.00 44 38

0.00 0.00 3 2

0.00 0.00 1 3

PtPPM PdPPM Cuppm NiPPM

0.00 0.00 1 1

0.00 0.00 1 2

0.00 0.00 1 1

0.00 0.00 2 4

0.00 0.00 1 1

0.00 0.00 2 3

0.01 0.00 538 110

0.20 0.15 277 218

0.02 0.02 171 284

0.02 0.02 166 339

0.02 0.02 175 309

0.05 0.04 251 362 0.05 0.03 238 312 0.03 0.02 203 263 0.04 0.05 253 290 0.03 0.02 158 232 0.03 0.03 209 269 0.02 0.02 158 235 0.03 0.03 179 236 0.09 0.11 412 391 0.13 0.16 480 336 0.03 0.01 169 222 0.02 0.02 188 225 0.05 0.05 280 367 0.06 0.06 254 404 0.06 0.08 477 627 0.13 0.11 390 724 0.04 0.03 428 626 0.03 0.03 336 598 0.03 0.02 208 517 0.03 0.03 198 658 0.06 0.07 281 772 0.05 0.06 238 765 0.05 0.06 214 764 0.09 0.12 408 823 0.10 0.13 430 927 0.11 0.13 463 909 0.12 0.16 536 913 0.23 0.30 1030 1160 0.10 0.14 389 879 0.11 0.12 364 878 0.08 0.09 249 856 0.19 0.22 724 1235 0.40 0.49 1495 1700 0.12 0.12 453 1150 0.30 0.34 1095 1235 0.05 0.05 257 672 0.04 0.04 195 642 0.08 0.10 413 762 0.09 0.09 336 861 0.05 0.06 285 706 0.05 0.05 242 756 0.07 0.07 363 824 0.06 0.06 246 796 0.05 0.05 246 770 0.06 0.06 294 844 0.04 0.04 207 846 0.07 0.09 280 868 0.03 0.03 154 777 0.03 0.02 172 746 0.02 0.01 113 752 0.06 0.06 325 850 0.04 0.03 200 837 0.05 0.06 259 927 0.03 0.02 125 924 0.03 0.02 153 939 0.04 0.03 135 924 0.02 0.01 123 916 0.03 0.02 143 961 0.02 0.01 116 892 0.02 0.01 124 937 0.02 0.01 111 882 0.02 0.01 117 920 0.02 0.01 110 884 0.03 0.02 146 857 0.15 0.16 638 781 0.03 0.03 205 812 0.02 0.01 124 801 0.03 0.02 152 758 0.04 0.04 224 747 0.03 0.03 200 685 0.05 0.04 249 661

0.04 0.04 190 163

0.00 0.00 5 7

0.00 0.00 1 1

0.00 0.00 1 1

0.00 0.00 112 114 0.02 0.01 179 653 0.02 0.01 130 980 0.03 0.02 172 868 0.03 0.02 160 1090 0.03 0.02 189 1175 0.04 0.03 218 1230 0.02 0.02 157 1260 0.04 0.04 204 1330 0.03 0.02 162 1315 0.03 0.03 129 1290 0.02 0.01 104 1340 0.04 0.04 134 1365 0.03 0.03 152 1355 0.06 0.06 272 1445 0.02 0.03 241 1330 0.01 0.01 135 1245 0.01 0.01 170 1165 0.01 0.01 162 1020 0.01 0.01 213 954 0.00 0.00 107 726 0.02 0.02 356 956 0.03 0.03 750 1025

0.00 0.00 12 6

0.00 0.00 2 3

0.00 0.00 1 1 0.00 0.00 1 1 0.00 0.00 14 23 0.00 0.00 1 1 0.00 0.00 1 1

PtPPM PdPPM Cuppm NiPPM

0.00 0.00 3 10 0.00 0.00 3 5 0.02 0.01 157 194 0.00 0.00 2 7 0.00 0.00 1 10

0.00 0.00 1 3 0.00 0.00 5 7 0.01 0.01 11 10 0.01 0.00 177 40 0.01 0.01 163 45 0.01 0.01 146 89 0.02 0.01 207 96 0.01 0.01 147 92 0.01 0.00 118 94 0.01 0.00 127 117 0.02 0.01 126 118 0.01 0.00 123 128 0.01 0.00 127 128 0.01 0.00 122 136 0.01 0.00 122 136 0.05 0.05 303 231 0.09 0.09 556 459 0.04 0.04 259 459 0.06 0.07 313 495 0.05 0.04 240 484 0.03 0.03 213 467 0.04 0.04 254 499 0.04 0.04 190 416 0.04 0.04 189 407 0.37 0.44 1585 799 0.37 0.46 1745 969 0.15 0.18 713 632 0.04 0.04 223 510 0.08 0.09 342 636 0.03 0.02 108 276 0.02 0.03 155 304 0.05 0.06 226 370 0.05 0.05 262 433 0.04 0.04 203 428 0.05 0.05 243 380 0.02 0.02 151 438 0.03 0.02 156 374 0.04 0.03 205 336 0.04 0.04 176 374 0.04 0.04 201 369 0.06 0.07 275 465 0.05 0.06 259 380 0.05 0.05 222 351 0.04 0.04 222 381 0.12 0.12 477 357 0.05 0.04 245 298 0.05 0.04 287 387 0.12 0.14 446 481 0.33 0.38 1700 648 0.02 0.02 16 16 0.00 0.00 4 2 0.00 0.00 1 4

0.00 0.00 4 4

0.01 0.01 4 6 1.20 1.22 585 587 0.53 0.61 509 491 0.07 0.07 198 289 0.04 0.03 207 272 0.11 0.12 484 379 0.38 0.45 1380 964 0.73 0.88 2290 1580 0.66 0.77 2300 1400 0.46 0.51 1685 1150 0.12 0.13 517 962 0.07 0.07 302 977 0.22 0.25 819 1155 0.06 0.06 225 1005 0.04 0.05 219 979 0.04 0.04 183 895 0.03 0.02 141 630 0.06 0.07 369 548 0.01 0.01 29 116 0.00 0.00 3 5 0.01 0.01 64 32 0.03 0.03 174 670 0.05 0.05 279 901 0.05 0.05 266 968 0.03 0.02 145 898 0.06 0.07 299 969 0.05 0.05 295 979 0.02 0.02 162 952 0.03 0.02 132 839 0.04 0.04 206 994 0.04 0.04 231 951 0.03 0.03 171 907 0.02 0.01 125 842 0.01 0.01 109 768 0.24 0.28 1360 1370 0.39 0.46 1860 1610 0.18 0.19 789 1090 0.08 0.09 400 1090 0.04 0.04 268 1065 0.06 0.06 344 1060 0.04 0.04 250 983 0.07 0.06 335 1120 0.02 0.02 146 1030 0.04 0.04 234 1070 0.52 0.56 2740 2160 0.68 0.71 3300 2160 0.10 0.10 494 1135 0.05 0.05 322 1175 0.08 0.09 461 1245 0.02 0.02 162 1050 0.05 0.05 231 1000 0.02 0.01 123 894 0.02 0.02 170 970 0.03 0.02 147 973 0.08 0.08 423 1025 0.05 0.05 271 939 0.02 0.02 162 877 0.02 0.02 207 846 0.01 0.01 202 791 0.01 0.01 156 840 0.00 0.00 81 122 0.00 0.00 42 44 0.00 0.00 2 2

0.00 0.00 1 4

PtPPM PdPPM Cuppm NiPPM

0.00 0.00 8 5 0.01 0.01 145 127 0.00 0.00 15 6 0.01 0.01 136 165 0.00 0.00 41 16

0.00 0.00 5 7

0.00 0.00 14 3

0.02 0.01 173 102 0.01 0.01 110 113 0.02 0.02 140 229 0.04 0.04 224 352 0.03 0.03 180 298 0.06 0.09 351 437 0.05 0.07 272 415 0.07 0.10 304 543 0.03 0.04 227 381 0.04 0.06 271 543 0.07 0.12 416 493 0.04 0.04 211 532 0.07 0.08 292 568 0.06 0.07 282 658 0.07 0.08 385 576 0.05 0.04 273 427 0.04 0.04 209 339 0.04 0.04 208 400 0.07 0.09 346 590 0.06 0.07 330 388 0.04 0.04 247 388 0.05 0.06 354 318 0.00 0.00 10 2 0.65 0.87 4030 1385 0.00 0.00 5 2

0.00 0.00 8 2

0.00 0.00 6 1

0.00 0.00 2 1

0.00 0.00 2 1 0.11 0.12 255 246 0.03 0.02 167 242 0.06 0.06 243 543 0.06 0.06 274 673 0.05 0.04 224 652 0.04 0.03 169 634 0.06 0.06 277 562 0.00 0.00 32 2 0.40 0.48 1530 796

0.00 0.00 7 2

0.00 0.00 2 1

0.00 0.00 1 1

0.00 0.00 1 1

0.00 0.00 1 1

0.02 0.01 151 111

0.00 0.00 5 2

0.00 0.00 2 1

0.00 0.00 1 2

0.00 0.01 1 1

0.08 0.09 179 300 0.01 0.01 123 336 0.02 0.02 134 586 0.03 0.02 121 638 0.04 0.04 192 667 0.10 0.10 485 868 0.24 0.27 772 927 0.32 0.35 1090 1050 0.15 0.16 595 865 0.05 0.05 199 762 0.10 0.10 384 825 0.27 0.30 1205 960 0.39 0.42 1970 899 0.06 0.06 270 717 0.12 0.13 533 806 0.04 0.03 203 746 0.11 0.11 564 764 0.06 0.06 283 739 0.06 0.06 290 742 0.61 0.73 2820 1685 0.82 0.97 4070 2210 0.14 0.16 597 871 0.06 0.06 271 800 0.34 0.54 1975 1400 0.15 0.16 734 982 0.03 0.02 123 743 0.03 0.03 170 709 0.08 0.07 358 725 0.03 0.03 223 800 0.02 0.01 126 939 0.02 0.01 117 877 0.02 0.01 119 900 0.02 0.01 118 922 0.05 0.05 260 954 0.03 0.03 188 918 0.02 0.01 133 905 0.02 0.01 103 917 0.02 0.01 141 913 0.03 0.03 243 958 0.03 0.03 161 1085 0.05 0.05 183 1100 0.09 0.09 328 1170 0.11 0.11 369 1240 0.02 0.02 151 1175 0.04 0.04 185 1240 0.05 0.05 251 1300 0.01 0.01 119 1215 0.04 0.04 197 1285 0.02 0.02 113 1235 0.03 0.03 175 1310 0.06 0.06 239 1370 0.02 0.02 153 1410 0.01 0.01 61 1345 0.06 0.06 287 1385 0.02 0.02 96 1375 0.02 0.01 103 1365 0.05 0.05 313 1410 0.02 0.02 134 1360 0.02 0.02 124 1310 0.02 0.02 123 1265 0.02 0.02 127 1220 0.02 0.02 128 1195 0.03 0.03 168 1170 0.03 0.02 146 1150 0.02 0.01 122 1180 0.09 0.10 480 1195 0.11 0.12 520 1320 0.04 0.04 237 1200 0.02 0.02 180 1090 0.05 0.05 315 1105 0.09 0.10 538 977 0.15 0.14 1110 1015 0.02 0.02 171 506 0.00 0.00 87 79

0.00 0.00 4 7

0.00 0.00 2 5

PtPPM PdPPM Cuppm NiPPM

0.00 0.00 69 72 0.01 0.01 147 124 0.00 0.00 54 167

0.00 0.00 6 84

0.00 0.00 8 93 0.10 0.10 166 120 0.00 0.00 95 23 0.00 0.00 79 12 0.00 0.00 36 20 0.02 0.01 276 100 0.01 0.00 123 112 0.02 0.02 136 182 0.06 0.06 197 275 0.04 0.04 208 359 0.06 0.05 240 302 0.06 0.06 323 458 0.06 0.06 272 487 0.04 0.05 284 477 0.07 0.09 389 583 0.06 0.06 307 682 0.05 0.05 274 636 0.10 0.11 566 708 0.06 0.05 288 731 0.06 0.07 314 805 0.08 0.08 356 722 0.06 0.06 265 759 0.04 0.04 179 619 0.04 0.05 208 584 0.07 0.08 276 659 0.07 0.07 276 701 0.05 0.04 214 610 0.07 0.07 284 571 0.06 0.06 273 583 0.04 0.04 191 566 0.06 0.05 296 583 0.06 0.06 331 603 0.05 0.04 214 372 0.07 0.07 364 445 0.05 0.04 199 359 0.09 0.10 396 494 0.13 0.14 630 626 0.09 0.09 434 587 0.11 0.12 507 559 0.10 0.11 455 577 0.06 0.06 312 566 0.09 0.10 419 555 0.09 0.10 452 564 0.05 0.05 271 510 0.06 0.06 252 546 0.23 0.25 962 947 0.15 0.17 762 659 0.16 0.19 709 683 0.09 0.13 491 666 0.11 0.14 510 712 0.08 0.09 393 651 0.09 0.11 417 773 0.07 0.08 303 771 0.12 0.16 574 790 0.15 0.19 710 896 0.13 0.16 632 938 0.10 0.12 487 794 0.17 0.22 776 1050 0.23 0.28 1120 1130 0.36 0.46 1800 1430 0.19 0.23 947 979 0.11 0.14 498 922 0.12 0.14 488 938 0.15 0.17 564 833 0.21 0.25 854 1010 0.08 0.08 301 894 0.11 0.14 457 881 0.10 0.11 368 955 0.10 0.12 396 959 0.08 0.09 281 898 0.09 0.10 368 960 0.09 0.11 386 1070 0.08 0.09 278 1010 0.06 0.07 246 972 0.08 0.09 257 982 0.07 0.08 273 1030 0.06 0.07 245 1030 0.14 0.16 425 1090 0.20 0.22 641 1150 0.29 0.34 1130 1180 0.16 0.18 573 1030 0.15 0.16 597 990 0.18 0.20 574 980 0.68 0.81 2970 1560 0.92 1.16 4740 2070 0.82 0.98 3890 2240 0.43 0.51 2250 1710 0.79 0.96 4190 2560 0.83 1.00 4350 2410 1.63 1.94 8070 3750 2.71 3.69 13100 6480 2.17 2.70 9590 4520 0.28 0.30 1265 1180 1.31 1.53 6970 2910 0.24 0.25 908 1160 3.33 4.23 17600 6480 0.77 0.84 2800 1110 1.41 1.58 4780 1540 0.42 0.46 1555 820 0.35 0.38 1295 736 0.11 0.12 455 580 0.10 0.10 449 564 0.08 0.07 356 559 0.16 0.18 836 771 0.24 0.26 1230 1105 0.13 0.14 667 959 0.24 0.19 489 786 0.03 0.03 194 751 0.07 0.07 399 839 0.25 0.27 1075 1175 0.19 0.21 963 983 0.12 0.13 514 786 0.12 0.13 556 743 0.15 0.17 761 984 0.22 0.25 1030 1085 0.50 0.58 2530 1460 0.44 0.50 2160 1310 0.82 0.94 4200 2300 0.78 0.90 4130 2220 0.47 0.55 2460 1380 0.20 0.23 1080 926 0.21 0.24 1040 939 0.05 0.06 162 110

0.00 0.00 11 66 0.09 0.09 220 200 0.02 0.02 170 363 0.04 0.03 168 617 0.03 0.03 183 574 0.04 0.04 216 647 0.03 0.03 209 598 0.01 0.01 251 78 0.01 0.01 24 157 0.00 0.00 14 69

0.00 0.00 22 82

0.01 0.01 82 327

0.01 0.01 125 370 0.01 0.01 85 336 0.01 0.01 97 353

0.02 0.02 145 555 0.01 0.01 103 562 0.03 0.03 186 761 0.24 0.12 134 721 0.04 0.03 165 807 0.03 0.03 156 830 0.03 0.03 128 851 0.06 0.06 315 1165 0.06 0.06 271 1140 0.04 0.04 149 983 0.07 0.07 431 1210 0.07 0.06 347 1190 0.05 0.05 302 1105 0.01 0.01 109 771 0.02 0.02 52 860 0.01 0.01 600 782 0.01 0.01 284 633 0.04 0.02 224 1015 0.04 0.02 137 1365 0.02 0.01 92 1405 0.01 0.01 95 1430 0.03 0.03 123 1435 0.02 0.01 111 1405 0.02 0.02 102 1455 0.02 0.01 92 1435 0.02 0.01 92 1460 0.01 0.01 91 1420 0.02 0.01 96 1440 0.01 0.01 102 1435 0.02 0.01 112 1430 0.02 0.01 113 1500 0.03 0.03 143 1475 0.01 0.01 105 1465 0.03 0.02 149 1485 0.01 0.01 97 1425 0.01 0.01 90 1445 0.01 0.01 95 1395 0.01 0.00 87 1370 0.02 0.02 128 1495 0.01 0.01 93 1475 0.02 0.02 147 1500 0.05 0.05 268 1485 0.02 0.02 140 1370 0.02 0.02 153 1415 0.02 0.02 154 1360 0.03 0.03 212 1355 0.02 0.02 132 1255 0.02 0.01 133 1200 0.02 0.01 143 1090 0.01 0.01 165 993 0.01 0.00 121 882 0.01 0.01 251 834 0.01 0.01 237 199 0.00 0.00 28 69

0.00 0.00 25 66

PtPPM PdPPM Cuppm NiPPM

SL09-35

255m

50-105

100-106

150-106

200-107

250-108

SL09-36

249m

50+85

100+86

150+86

200+87

SL09-37

309m

50+115

100+116

150+117

200+117

250+118

300+118

SL09-38

267m

50+95

100+95

150+94

200+94

250+94

SL09-39

348m

50+18

100+18

150+18

200+18

250+18

300+18

SL09-40

348m

50-64

100-64

150-63

200-62

250-62

300-61

SL09-41

441m

50-94

100-96

150-97

200-98

250-100

300-102

350-103

400-105

SL09-35

SL09-36

SL09-37

SL09-38

SL09-39

SL09-40SL09-41

Ovg

Fgd

Fg

Hr

Hr

Mgn

Upd

Mgm

F

Mgm F

Mgm

Fgd

Upd

Fg

Hg

Mgm Hg Hg

Fgd

Ovg

Fgr

Fg

Hr Hr Hg

Upd

Mg

Mgm

Upd

Mgm

Upd

Fg

Fg

Fg

Fgr

Hg Fg Hg

Fgr

Ovg

Fgd

S

M

Fgd

M

Fgd

Mgm Fg Hg Hg

Hg

Hr

Hg

Mgm

Upd

Upd

Mgm

Hg Fg Zib Hg

Mgm

Zib

Fg

Fg

Fgd

Fgd

Fg

Hg Fgd

Fgd

Mgm

Hg Mgm

Hg

Fgd

Fgd

Fgd

Fgd

Fgd

Fgd

Fgd

Fgd

Fgd

Ovg

Fgd

Fgd

Hr

Fgd

Hr

Mgm

Upd

Mgm

Mgm

Mgm

Fgr

Fgr

Hg

Mgm

Mgl Mgm

Fg

Fgr

Hg

Fgr

Fgd

Hg

Fgd

Fg

Mg

Upd

Mgm

Fgd

Mgm

Fg Mgm Fg

Mgm

Upd

Hg Hg

Fgd

Zib

Fgd

Ovg

Spt

Fgt

Hg Fgt Hg Fgt

Spt

Fgt

Spt

Fgt

Spt

Fgt

Spt

Fgt

Spt

Sps

Hg

Mgm

Hg Fg Hg Fg

Fg

Upx

Mgm

Fg Zib

Fg

Hg Sps

Fg

Sps

Upx

Mgm

Mgm

Mgm

Hg Hg

Fg

Fgd

Fgt

Spt

Hg

Spt

Fgt

Spt

Fgt

Spt

Sg

Hr

Mgm

Mgn Mgm Mgn Mgm Mgn

Mgm

SSS

Mgm

Spt Hg Fi

Spt

Hg

Mgm

Spt Mgm Hg Hg Mgm

Upd

Mgm

Hg Hg

Spt

5402300m

N5402300m

N

5402350m

N5402350m

N

5402400m

N5402400m

N

5402450m

N5402450m

N

5402500m

N5402500m

N

5402550m

N5402550m

N

5402600m

N5402600m

N

5402650m

N5402650m

N

5402700m

N5402700m

N

5402750m

N5402750m

N

5402800m

N5402800m

N

5402850m

N5402850m

N

5402900m

N5402900m

N

5402950m

N5402950m

N

5403000m

N5403000m

N

5403050m

N5403050m

N

5403100m

N5403100m

N

0m 0m

50m 50m

100m 100m

150m 150m

200m 200m

250m 250m

300m 300m

350m 350m

400m 400m

450m 450m

500m 500m

550m 550m

600m 600m

Cu-Ni

< 500

500 - 2000

2000 to 5000

>= 5000

Pt-Pd

0.0 - 0.2

0.2 - 0.5

0.5 - 1.0

1.0 - 2

2 - 100 MAGMA METALS LTD.

Thunder Bay North ProjectSteepledge Lake Prospect

SLL_E354215Looking West ( +120m,-120m)

20 40m0 20

Scale

1 : 800

Plot Date

26-May-2010

Sheet

1 of 1

Plot File: SLL_E354215

Lithology

Overburden++++++

Overburden glacial/mud

Sedimentary rocks

����

Chert******Sedimentary gneiss

DDDD

Schist

>>>>

Siltstone/Sandstone

SSSS

Breccia++++++Granodiorite

$$$$$$

Alkali feldspar granite

))))))

Monzonite&&&&&&Granite

******

Tonalite

SSSS

Felsic breccia

...

...Hybrid red

++++++

Hybrid grey

Intermediate rock, Diorite""""""Mafic rock, Gabbro******Gabbro - Leucocratic

++++

Gabbro - Melanocratic

))))

Gabbro - Noritic

$$$$

Gabbro - VariTextured

qqqq

Troctolite

##Diabase

Ultramafic Rocks))))Pyroxenite$$$$Peridotite

Massive sulphide

))))))

Vein****

Interfingered Ultramafic/Mafic/Felsic

))))

Mixed Intrusion Breccia

No core

--- Magma Metals (Canada) Limited – Phase Three and Four Drilling, Beaver Lake Project, 2008 ---

Appendix 1

Diamond Drill Logs

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

0

5

10

15

20

25

30

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5403056.02354320.32475.00

0.0°-90.00°255.00

SL09-35Project: SLL

0 100 200

Overburden - Glacial

0.00

Ovg

Scott FrankoLogged:

35.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/10/2009George Downing Estate Drilling

22/10/2009Claim #:4225975

SL09-35Hole Number: 1Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

30

35

40

45

50

55

60

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

44.25 46.25 2.00 H347701 0.0006 0.001 5 5 0.002 0.700 1 11 2.60

46.25 48.25 2.00 H347702 0.0006 0.001 3 2 0.002 0.800 2 7

48.25 49.85 1.60 H347703 0.0017 0.001 3 12 0.001 0.250 1 11

49.85 51.55 1.70 H347704 0.0003 0.001 2 1 0.001 0.250 1 6

51.55 53.25 1.70 H347705 0.0014 0.001 4 3 0.001 0.250 2 8

53.25 54.85 1.60 H347706 0.0030 0.004 24 8 0.001 0.250 2 17 2.54

54.85 56.45 1.60 H347707 0.0060 0.007 24 12 0.001 0.250 4 27

56.45 57.00 0.55 H347708 0.0127 0.007 185 69 0.004 0.700 40 19957.00 58.00 1.00 H347709 0.0131 0.005 141 92 0.003 0.600 46 255

58.00 59.00 1.00 H347711 0.0147 0.004 137 110 0.003 0.500 50 321

59.00 60.00 1.00 H347712 0.0151 0.006 257 129 0.005 0.700 46 279

5403056.02354320.32475.00

0.0°-90.00°255.00

SL09-35Project: SLL

0 100 200

Overburden - Glacial

Granodiorite

Granite - UndifferentiatedHybrid Classic Red

Hybrid Classic Red

Gabbro - Noritic

0.00

35.00

48.2549.00

53.25

56.45

Ovg

Fgd

Hr

Mgn

Scott FrankoLogged:

35.00

48.25

49.0053.25

56.45

69.93

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/10/2009George Downing Estate Drilling

22/10/2009Claim #:4225975

SL09-35Hole Number: 2Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

60

65

70

75

80

85

90

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

60.00 61.00 1.00 H347713 0.0248 0.010 371 173 0.006 0.900 51 373

61.00 62.00 1.00 H347714 0.0129 0.008 176 98 0.004 0.600 46 274

62.00 63.00 1.00 H347715 0.0159 0.006 137 107 0.003 0.600 49 300

63.00 64.00 1.00 H347716 0.0167 0.004 128 111 0.003 0.500 48 346

64.00 65.00 1.00 H347717 0.0287 0.028 160 147 0.003 0.250 53 418 3.07

65.00 66.00 1.00 H347718 0.0159 0.004 121 131 0.004 0.500 53 450

66.00 67.00 1.00 H347719 0.0142 0.004 124 137 0.003 0.700 50 461

67.00 68.00 1.00 H347721 0.0237 0.011 166 166 0.004 0.250 59 502

68.00 69.00 1.00 H347722 0.0306 0.025 158 177 0.005 0.500 54 510

69.00 70.00 1.00 H347723 0.0230 0.010 131 202 0.003 0.250 60 535

70.00 71.00 1.00 H347724 0.0582 0.054 279 305 0.007 0.700 70 590

71.00 72.00 1.00 H347725 0.0840 0.095 486 473 0.010 0.250 84 575

72.00 73.00 1.00 H347726 0.0462 0.050 300 442 0.007 0.900 85 635

73.00 74.00 1.00 H347727 0.0418 0.041 270 453 0.006 0.500 89 660

74.00 75.00 1.00 H347728 0.0335 0.030 201 447 0.005 0.250 88 664 3.06

75.00 76.00 1.00 H347729 0.0311 0.029 188 417 0.004 0.900 84 694

76.00 77.00 1.00 H347731 0.0678 0.066 381 406 0.009 0.700 79 682

77.00 78.00 1.00 H347732 0.0606 0.063 330 439 0.007 0.250 84 754

78.00 79.00 1.00 H347733 0.0507 0.049 361 379 0.006 0.800 75 678

79.00 80.00 1.00 H347734 0.0653 0.069 343 333 0.007 0.500 69 647

80.00 81.00 1.00 H347735 0.1300 0.148 756 573 0.014 0.500 88 915

81.00 82.00 1.00 H347736 0.1395 0.167 690 646 0.014 0.800 98 975

82.00 83.00 1.00 H347737 0.1020 0.122 490 527 0.010 0.500 85 791

83.00 84.00 1.00 H347738 0.2020 0.260 1045 700 0.020 0.700 82 792

84.00 85.00 1.00 H347739 0.0846 0.101 467 532 0.008 0.700 89 834 3.03

85.00 86.00 1.00 H347740 0.1750 0.201 794 814 0.018 1.300 110 1120

86.00 87.00 1.00 H347741 0.0895 0.112 445 585 0.009 0.700 94 1040

87.00 88.00 1.00 H347742 0.0862 0.116 465 596 0.009 0.600 92 905

88.00 89.00 1.00 H347743 0.0511 0.065 315 444 0.006 0.500 82 698

89.00 90.00 1.00 H347744 0.0661 0.075 343 480 0.007 0.500 86 766

5403056.02354320.32475.00

0.0°-90.00°255.00

SL09-35Project: SLL

0 100 200

Gabbro - Noritic

Peridotite

Gabbro - Melanocratic

56.45

69.93

80.05

Mgn

Upd

Mgm

Scott FrankoLogged:

2.0

1.5

0.6

3.0

1.4

0.6

0.5

0.1

1.0

0.5

0.1

1.0

0.5

2.0

0.9

0.5

2.0

69.93

80.05

119.90

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/10/2009George Downing Estate Drilling

22/10/2009Claim #:4225975

SL09-35Hole Number: 3Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

90

95

100

105

110

115

120

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

90.00 91.00 1.00 H347745 0.0727 0.084 368 516 0.007 0.500 85 772

91.00 92.00 1.00 H347746 0.0793 0.099 399 454 0.008 0.600 75 725

92.00 93.00 1.00 H347747 0.1155 0.142 601 516 0.010 0.600 80 735

93.00 94.00 1.00 H347748 0.1140 0.148 630 662 0.011 0.700 90 807

94.00 95.00 1.00 H347749 0.1745 0.219 910 1190 0.015 1.200 133 1110 3.00

95.00 96.00 1.00 H347751 0.0975 0.124 520 938 0.011 0.500 125 1120

96.00 97.00 1.00 H347752 0.1590 0.193 794 1060 0.014 1.200 131 1160

97.00 98.00 1.00 H347753 0.1265 0.159 571 875 0.013 0.500 114 1030

98.00 99.00 1.00 H347754 0.2000 0.248 1055 943 0.020 1.200 120 971

99.00 100.00 1.00 H347755 0.0654 0.066 289 630 0.006 0.250 103 772

100.00 101.00 1.00 H347756 0.0514 0.054 250 714 0.005 0.250 107 812

101.00 102.00 1.00 H347757 0.0521 0.050 213 765 0.005 0.250 112 909

102.00 103.00 1.00 H347758 0.0617 0.065 273 718 0.006 0.250 107 846

103.00 104.00 1.00 H347759 0.0791 0.086 292 787 0.008 0.250 112 956

104.00 105.00 1.00 H347761 0.0750 0.095 316 805 0.008 0.250 115 966 3.05

105.00 106.00 1.00 H347762 0.0941 0.105 343 825 0.009 0.250 113 979

106.00 107.00 1.00 H347763 0.0796 0.076 240 749 0.007 0.250 107 1010

107.00 108.00 1.00 H347764 0.0604 0.065 241 765 0.005 0.250 108 1200

108.00 109.00 1.00 H347765 0.0844 0.089 346 762 0.007 0.250 106 1020

109.00 110.00 1.00 H347766 0.1825 0.208 683 863 0.017 0.250 106 1430

110.00 111.00 1.00 H347767 0.1025 0.113 340 898 0.009 0.250 110 1710

111.00 112.00 1.00 H347768 0.1675 0.183 599 955 0.016 0.250 109 1860

112.00 113.00 1.00 H347769 0.0603 0.049 230 1170 0.006 0.250 120 3350

113.00 114.00 1.00 H347771 0.0238 0.014 113 1040 0.003 0.250 111 3200

114.00 115.00 1.00 H347772 0.0232 0.016 103 1100 0.004 0.250 115 3440 2.92

115.00 116.00 1.00 H347773 0.0588 0.049 170 789 0.003 0.250 113 2120

116.00 117.00 1.00 H347774 0.0481 0.037 200 728 0.002 0.250 102 1730

117.00 118.00 1.00 H347775 0.0495 0.046 215 776 0.002 0.250 104 1950

118.00 119.00 1.00 H347776 0.0602 0.057 209 678 0.004 0.250 92 1770119.00 119.90 0.90 H347777 0.0447 0.040 198 739 0.006 0.250 101 1930119.90 120.90 1.00 H347778 0.3030 0.412 1760 740 0.017 2.000 59 613

5403056.02354320.32475.00

0.0°-90.00°255.00

SL09-35Project: SLL

0 100 200

Gabbro - Melanocratic

Felsic Rock, Undivided

80.05

119.90

Mgm

F

Scott FrankoLogged:

0.6

3.9

1.0

0.1

0.6

1.5

4.0

0.1

0.9

0.1

0.1

0.5

1.0

0.5

3.0

0.9

0.1

0.5

1.0

1.02.0

119.90

121.65

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/10/2009George Downing Estate Drilling

22/10/2009Claim #:4225975

SL09-35Hole Number: 4Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

120

125

130

135

140

145

150

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

119.90 120.90 1.00 H347778 0.3030 0.412 1760 740 0.017 2.000 59 613

120.90 121.65 0.75 H347779 0.1710 0.219 798 189 0.004 2.700 12 15121.65 122.65 1.00 H347780 0.2000 0.249 1010 859 0.026 0.700 101 1910

122.65 123.65 1.00 H347781 0.1495 0.167 659 878 0.016 0.250 108 2070

123.65 124.07 0.42 H347782 0.2080 0.259 979 620 0.015 0.900 69 1070124.07 125.00 0.93 H347783 0.0825 0.089 365 895 0.006 0.250 109 2060 3.03125.00 126.00 1.00 H347784 0.0890 0.090 391 894 0.006 0.250 112 2180

126.00 127.00 1.00 H347785 0.0939 0.102 428 836 0.007 0.250 106 1940

127.00 128.00 1.00 H347786 0.0574 0.058 279 857 0.008 0.250 111 2060

128.00 129.00 1.00 H347787 0.0433 0.039 196 847 0.005 0.250 106 2000

129.00 130.00 1.00 H347788 0.0876 0.097 353 883 0.010 0.250 107 2050

130.00 131.00 1.00 H347789 0.0347 0.027 150 845 0.004 0.250 104 2260

131.00 132.00 1.00 H347791 0.0589 0.061 265 937 0.005 0.250 110 2450

132.00 133.00 1.00 H347792 0.0615 0.060 236 910 0.005 0.250 109 2350

133.00 134.00 1.00 H347793 0.0624 0.065 248 1000 0.006 0.250 117 2610

134.00 135.00 1.00 H347794 0.0691 0.070 293 982 0.003 0.250 113 2540 2.98

135.00 136.00 1.00 H347795 0.0494 0.048 215 1040 0.001 0.250 115 3030

136.00 137.00 1.00 H347796 0.0295 0.023 145 1030 0.001 0.250 115 2870

137.00 138.00 1.00 H347797 0.0442 0.041 184 1060 0.001 0.250 118 2790

138.00 139.00 1.00 H347798 0.0366 0.034 161 1040 0.004 0.250 117 2740

139.00 140.00 1.00 H347799 0.0424 0.037 175 983 0.005 0.250 112 2660

140.00 140.85 0.85 H347801 0.0346 0.029 155 980 0.004 0.250 116 2770

140.85 141.25 0.40 H347802 0.0187 0.019 87 500 0.003 0.250 61 1190141.25 142.00 0.75 H347803 0.1440 0.120 737 1080 0.009 0.250 116 2450142.00 143.00 1.00 H347804 0.0943 0.105 401 995 0.008 0.500 111 2640

143.00 144.00 1.00 H347805 0.0153 0.011 111 837 0.002 0.250 101 2490

144.00 145.00 1.00 H347806 0.0568 0.049 257 903 0.002 0.250 105 2620 2.95

145.00 146.00 1.00 H347807 0.1060 0.113 433 1020 0.006 0.500 108 2760

146.00 147.00 1.00 H347808 0.0458 0.044 184 1020 0.001 0.250 113 3080

147.00 148.00 1.00 H347809 0.0440 0.037 189 989 0.005 0.250 109 3120

148.00 149.00 1.00 H347811 0.0626 0.057 186 1050 0.005 0.250 112 3180

149.00 150.00 1.00 H347812 0.0626 0.058 128 1010 0.007 0.250 109 3130

5403056.02354320.32475.00

0.0°-90.00°255.00

SL09-35Project: SLL

0 100 200

Felsic Rock, Undivided

Gabbro - Melanocratic

Felsic Rock, UndividedGabbro - Melanocratic

119.90

121.65

123.83124.04

F

Mgm

F

Mgm

Scott FrankoLogged:

4.0

3.0

3.9

1.0

2.0

1.0

1.0

3.0

2.0

0.9

121.65

123.83

124.04169.67

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/10/2009George Downing Estate Drilling

22/10/2009Claim #:4225975

SL09-35Hole Number: 5Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

150

155

160

165

170

175

180

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

150.00 151.00 1.00 H347813 0.0425 0.038 98 1020 0.005 0.250 114 3020

151.00 152.00 1.00 H347814 0.0173 0.010 98 880 0.001 0.250 100 2540

152.00 153.00 1.00 H347815 0.0173 0.012 111 975 0.001 0.250 111 2530

153.00 154.00 1.00 H347816 0.0192 0.014 517 1160 0.003 0.600 120 2460

154.00 155.00 1.00 H347817 0.1495 0.160 135 963 0.010 0.250 116 2450 2.98

155.00 156.00 1.00 H347818 0.0324 0.026 145 910 0.001 0.250 113 2280

156.00 157.00 1.00 H347819 0.0289 0.026 293 880 0.001 0.500 106 2050

157.00 158.00 1.00 H347820 0.0715 0.070 581 992 0.004 0.600 107 2310

158.00 159.00 1.00 H347821 0.1445 0.156 274 993 0.014 0.250 111 2700

159.00 160.00 1.00 H347822 0.0220 0.019 187 826 0.002 0.250 104 2130

160.00 161.00 1.00 H347823 0.0465 0.046 280 911 0.003 0.250 107 2400

161.00 162.00 1.00 H347824 0.1465 0.155 589 961 0.010 0.250 98 2150

162.00 163.00 1.00 H347825 0.1480 0.164 317 939 0.011 0.500 100 2380

163.00 164.00 1.00 H347826 0.0808 0.083 377 910 0.005 0.600 93 2340

164.00 165.00 1.00 H347827 0.0954 0.097 167 801 0.010 0.250 93 2290 3.02

165.00 166.00 1.00 H347828 0.0306 0.025 350 896 0.001 0.250 97 2180

166.00 167.00 1.00 H347829 0.0686 0.068 313 894 0.005 0.250 96 2180

167.00 168.00 1.00 H347831 0.0436 0.037 219 819 0.006 0.500 92 2140

168.00 169.00 1.00 H347832 0.1090 0.112 496 846 0.013 0.600 93 2000

169.00 169.70 0.70 H347833 0.2460 0.262 986 748 0.024 0.800 70 1460169.70 171.70 2.00 H347834 0.0120 0.013 70 12 0.002 0.250 2 11

171.70 173.70 2.00 H347835 0.0016 0.002 5 6 0.002 0.250 2 14 2.59

178.60 180.60 2.00 H347836 0.0006 0.001 4 2 0.002 0.250 2 13 2.59

5403056.02354320.32475.00

0.0°-90.00°255.00

SL09-35Project: SLL

0 100 200

Gabbro - Melanocratic

Granodiorite

124.04

169.67

Mgm

Fgd

Scott FrankoLogged:

0.9

1.9

2.91.0

0.9

0.9

0.9

1.0

1.0 1.01.0

169.67

182.60

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/10/2009George Downing Estate Drilling

22/10/2009Claim #:4225975

SL09-35Hole Number: 6Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

180

185

190

195

200

205

210

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

178.60 180.60 2.00 H347836 0.0006 0.001 4 2 0.002 0.250 2 13 2.59180.60 182.60 2.00 H347837 0.0006 0.001 45 1 0.002 0.250 1 9

182.60 183.00 0.40 H347838 0.0101 0.005 140 562 0.004 0.250 71 1395183.00 184.00 1.00 H347839 0.0144 0.009 150 787 0.006 0.250 88 1955184.00 185.00 1.00 H347841 0.0187 0.014 142 815 0.004 0.500 90 2030

185.00 186.00 1.00 H347842 0.0215 0.018 123 835 0.004 0.250 89 2030

186.00 187.00 1.00 H347843 0.0387 0.037 210 874 0.006 0.250 87 2060

187.00 188.35 1.35 H347844 0.0294 0.028 197 815 0.005 0.250 89 1745

188.35 190.15 1.80 H347845 0.0008 0.001 7 7 0.002 0.250 3 15

190.15 191.90 1.75 H347846 0.0003 0.001 5 2 0.002 0.250 2 10

191.90 193.10 1.20 H347847 0.0007 0.001 58 29 0.002 0.250 40 16

193.10 194.25 1.15 H347848 0.0003 0.001 53 64 0.002 0.250 52 29

194.25 195.45 1.20 H347849 0.0005 0.001 93 209 0.002 0.250 86 98 3.03

195.45 196.70 1.25 H347851 0.0005 0.001 93 68 0.007 0.250 50 33

196.70 198.00 1.30 H347852 0.0003 0.001 30 35 0.002 0.250 44 14

198.00 200.00 2.00 H347853 0.0003 0.001 1 1 0.002 0.250 1 8

200.00 202.00 2.00 H347854 0.0003 0.001 1 1 0.002 0.250 1 9 2.61

5403056.02354320.32475.00

0.0°-90.00°255.00

SL09-35Project: SLL

0 100 200

Granodiorite

Peridotite

Granite - Undifferentiated

Hybrid Grey

Gabbro - MelanocraticHybrid Grey

Hybrid GreyGranodiorite

169.67

182.60

188.35

191.90

194.25

195.45

197.80198.00

Fgd

Upd

Fg

Hg

Mgm

Hg

Fgd

Scott FrankoLogged:

1.0

1.0

0.5

0.5

0.5

0.5

182.60

188.35

191.90

194.25

195.45

197.80

198.00255.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/10/2009George Downing Estate Drilling

22/10/2009Claim #:4225975

SL09-35Hole Number: 7Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

210

215

220

225

230

235

240

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5403056.02354320.32475.00

0.0°-90.00°255.00

SL09-35Project: SLL

0 100 200

Granodiorite198.00

Fgd

Scott FrankoLogged:

255.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/10/2009George Downing Estate Drilling

22/10/2009Claim #:4225975

SL09-35Hole Number: 8Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

240

245

250

255

260

265

270

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5403056.02354320.32475.00

0.0°-90.00°255.00

SL09-35Project: SLL

0 100 200

Granodiorite198.00

Fgd

Scott FrankoLogged:

255.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/10/2009George Downing Estate Drilling

22/10/2009Claim #:4225975

SL09-35Hole Number: 9Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

0

5

10

15

20

25

30

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402961.68354130.91480.00

0.0°-90.00°249.00

SL09-36Project: SLL

0 100 200

Overburden - Glacial

Granite

0.00

7.60

Ovg

Fgr

Scott FrankoLogged:

7.60

71.15

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:02/11/2009George Downing Estate Drilling

05/11/2009Claim #:4225975

SL09-36Hole Number: 1Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

30

35

40

45

50

55

60

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402961.68354130.91480.00

0.0°-90.00°249.00

SL09-36Project: SLL

0 100 200

Granite7.60

Fgr

Scott FrankoLogged:

71.15

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:02/11/2009George Downing Estate Drilling

05/11/2009Claim #:4225975

SL09-36Hole Number: 2Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

60

65

70

75

80

85

90

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

71.80 73.80 2.00 H347855 0.0008 0.001 1 1 0.002 0.250 2 13 2.61

73.80 75.80 2.00 H347856 0.0005 0.001 2 1 0.001 0.250 2 15

75.80 77.30 1.50 H347857 0.0301 0.032 80 117 0.004 0.250 34 261

77.30 78.80 1.50 H347858 0.0304 0.028 200 249 0.004 0.250 59 462

78.80 80.00 1.20 H347859 0.0659 0.078 296 641 0.008 0.250 96 1090

80.00 81.00 1.00 H347861 0.0505 0.056 255 747 0.006 0.250 106 1370

81.00 82.00 1.00 H347862 0.0825 0.085 297 718 0.008 0.250 101 1280

82.00 82.50 0.50 H347863 0.3220 0.416 1285 1220 0.018 0.500 122 1060 2.9782.50 83.00 0.50 H347864 0.0479 0.057 211 600 0.006 0.250 97 118083.00 84.00 1.00 H347865 0.0619 0.080 291 631 0.007 0.250 99 109084.00 85.00 1.00 H347866 0.0524 0.059 230 495 0.007 0.250 85 848

85.00 86.00 1.00 H347867 0.0341 0.038 149 589 0.004 0.250 96 1010

86.00 87.00 1.00 H347868 0.0780 0.097 361 728 0.009 0.250 107 1180

87.00 88.00 1.00 H347869 0.0568 0.063 261 635 0.006 0.250 98 1100

88.00 89.00 1.00 H347871 0.0678 0.101 315 661 0.008 0.250 102 1090

89.00 90.00 1.00 H347872 0.0679 0.084 359 766 0.008 0.250 112 1050

5402961.68354130.91480.00

0.0°-90.00°249.00

SL09-36Project: SLL

0 100 200

Granite

Granite - Undifferentiated

Hybrid Classic RedHybrid Classic RedHybrid GreyPeridotite

7.60

71.15

75.9076.1076.20

78.78

Fgr

Hr

Hg

Upd

Scott FrankoLogged:

1.5 0.5 1.0

71.15

75.90

76.1076.2078.78

90.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:02/11/2009George Downing Estate Drilling

05/11/2009Claim #:4225975

SL09-36Hole Number: 3Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

90

95

100

105

110

115

120

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

90.00 91.00 1.00 H347873 0.0855 0.118 454 840 0.010 0.250 118 1170

91.00 92.00 1.00 H347874 0.0618 0.076 300 813 0.007 0.250 113 1200

92.00 93.00 1.00 H347875 0.0735 0.096 364 890 0.009 0.250 123 1390 2.96

93.00 94.00 1.00 H347876 0.1015 0.136 571 1020 0.011 0.250 128 1380

94.00 95.00 1.00 H347877 0.0798 0.092 409 939 0.009 0.500 128 1340

95.00 96.00 1.00 H347878 0.0529 0.069 284 892 0.007 0.250 127 1310

96.00 97.00 1.00 H347879 0.0904 0.110 398 1060 0.009 0.250 137 1330

97.00 98.00 1.00 H347881 0.1200 0.153 572 1150 0.012 0.250 143 1340

98.00 99.00 1.00 H347882 0.0837 0.103 393 964 0.010 0.250 131 1160

99.00 100.00 1.00 H347883 0.0725 0.083 364 1020 0.009 0.250 134 1150

100.00 101.00 1.00 H347884 0.0610 0.069 262 868 0.006 0.250 127 1020

101.00 102.00 1.00 H347885 0.1380 0.190 575 1140 0.014 0.250 136 1220

102.00 103.00 1.00 H347886 0.0790 0.098 308 841 0.009 0.250 119 1140 2.99

103.00 104.00 1.00 H347887 0.0734 0.085 287 832 0.008 0.250 123 1030

104.00 105.00 1.00 H347888 0.0885 0.106 392 1050 0.011 0.250 134 1130

105.00 106.00 1.00 H347889 0.0851 0.103 320 873 0.009 0.250 122 1120

106.00 107.00 1.00 H347890 0.1255 0.154 511 961 0.011 0.250 126 1080

107.00 108.00 1.00 H347891 0.0634 0.067 246 847 0.007 0.250 120 1070

108.00 109.00 1.00 H347892 0.0902 0.116 357 947 0.009 0.250 125 1030

109.00 110.00 1.00 H347893 0.1300 0.159 462 948 0.013 0.250 125 1030

110.00 111.00 1.00 H347894 0.1255 0.143 364 992 0.011 0.250 125 1360

111.00 112.00 1.00 H347895 0.0665 0.081 242 926 0.008 0.250 122 1360

112.00 113.00 1.00 H347896 0.0793 0.085 264 1010 0.008 0.250 126 1500 3.05

113.00 114.00 1.00 H347897 0.1110 0.123 378 1020 0.010 0.250 124 1490

114.00 115.00 1.00 H347898 0.0899 0.100 355 979 0.009 0.250 118 1680

115.00 116.00 1.00 H347899 0.1435 0.162 506 1120 0.014 0.250 118 2040

116.00 117.00 1.00 H347901 0.0814 0.087 264 929 0.007 0.250 114 2200

117.00 118.00 1.00 H347902 0.1155 0.128 405 1060 0.010 0.250 126 1530

118.00 119.00 1.00 H347903 0.1460 0.157 530 1260 0.014 0.250 133 2220

119.00 120.00 1.00 H347904 0.0337 0.025 116 1150 0.004 0.250 117 3150

5402961.68354130.91480.00

0.0°-90.00°249.00

SL09-36Project: SLL

0 100 200

Gabbro

Gabbro - Melanocratic

90.00

118.60

Mg

Mgm

Scott FrankoLogged:

118.60

150.08

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:02/11/2009George Downing Estate Drilling

05/11/2009Claim #:4225975

SL09-36Hole Number: 4Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

120

125

130

135

140

145

150

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

120.00 121.00 1.00 H347905 0.0201 0.013 84 1140 0.003 0.250 115 3150

121.00 122.00 1.00 H347906 0.0496 0.047 175 1020 0.005 0.250 115 2490

122.00 123.00 1.00 H347907 0.0591 0.061 183 823 0.006 0.250 107 2010 2.92

123.00 124.00 1.00 H347908 0.0379 0.033 166 787 0.004 0.250 107 1950

124.00 125.00 1.00 H347909 0.0293 0.019 137 782 0.004 0.250 105 1970

125.00 126.00 1.00 H347911 0.0373 0.029 153 780 0.005 0.250 104 1860

126.00 127.00 1.00 H347912 0.0307 0.022 170 787 0.005 0.250 103 1800

127.00 128.00 1.00 H347913 0.0904 0.091 512 662 0.010 0.250 95 1290

128.00 129.00 1.00 H347914 0.0864 0.089 435 936 0.009 0.250 108 2030

129.00 130.00 1.00 H347915 0.0436 0.039 207 872 0.005 0.250 105 2070

130.00 131.00 1.00 H347916 0.0252 0.016 140 827 0.003 0.250 102 2140

131.00 132.00 1.00 H347917 0.0239 0.017 122 847 0.004 0.250 104 2110

132.00 133.00 1.00 H347918 0.0409 0.036 187 907 0.005 0.250 112 2260 2.96

133.00 134.00 1.00 H347919 0.0271 0.021 129 891 0.004 0.250 109 2260

134.00 135.00 1.00 H347921 0.0365 0.038 179 894 0.004 0.250 107 2160

135.00 136.00 1.00 H347922 0.0476 0.045 170 924 0.004 0.250 111 2150

136.00 137.00 1.00 H347923 0.0415 0.036 159 954 0.005 0.250 113 2380

137.00 138.00 1.00 H347924 0.0492 0.042 188 948 0.004 0.250 112 2360

138.00 139.00 1.00 H347925 0.0935 0.093 390 1080 0.010 0.250 121 2670

139.00 140.00 1.00 H347926 0.0417 0.038 216 971 0.005 0.250 116 2460

140.00 141.00 1.00 H347927 0.1375 0.152 629 1100 0.027 0.500 121 2520

141.00 142.00 1.00 H347928 0.3360 0.383 1625 1365 0.032 0.600 129 2630

142.00 143.00 1.00 H347929 0.0756 0.077 328 1075 0.007 0.250 118 2790 2.95

143.00 144.00 1.00 H347930 0.0633 0.059 245 1045 0.006 0.250 119 2880

144.00 145.00 1.00 H347931 0.0477 0.046 163 1030 0.006 0.250 115 2910

145.00 146.00 1.00 H347932 0.0356 0.032 140 1015 0.004 0.250 117 3030

146.00 147.00 1.00 H347933 0.0333 0.024 110 1025 0.003 0.250 118 2820

147.00 148.00 1.00 H347934 0.0605 0.052 226 1090 0.006 0.250 123 2810

148.00 149.00 1.00 H347935 0.0213 0.014 107 1025 0.003 0.250 119 2890

149.00 150.00 1.00 H347936 0.0612 0.052 214 1085 0.005 0.250 126 2710

5402961.68354130.91480.00

0.0°-90.00°249.00

SL09-36Project: SLL

0 100 200

Gabbro - Melanocratic

118.60

Mgm

Scott FrankoLogged:

150.08

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:02/11/2009George Downing Estate Drilling

05/11/2009Claim #:4225975

SL09-36Hole Number: 5Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

150

155

160

165

170

175

180

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

150.00 151.00 1.00 H347937 0.0605 0.063 282 994 0.007 0.250 123 2010

151.00 152.00 1.00 H347938 0.0550 0.038 163 1065 0.005 0.250 122 2670

152.00 153.00 1.00 H347939 0.0171 0.012 88 1065 0.003 0.250 113 2660 2.99

153.00 154.00 1.00 H347941 0.0300 0.020 105 1085 0.003 0.250 117 2510

154.00 155.00 1.00 H347942 0.0276 0.021 116 1065 0.004 0.250 115 2260

155.00 156.00 1.00 H347943 0.0286 0.026 107 1125 0.004 0.250 123 2170

156.00 157.00 1.00 H347944 0.0362 0.038 109 1140 0.005 0.250 126 2230

157.00 158.00 1.00 H347945 0.0166 0.011 82 1095 0.003 0.250 121 2390

158.00 159.00 1.00 H347946 0.0210 0.016 97 1075 0.003 0.250 122 2590

159.00 160.00 1.00 H347947 0.0167 0.011 90 1075 0.002 0.250 122 2930

160.00 161.00 1.00 H347948 0.0205 0.014 88 1020 0.003 0.250 124 3010

161.00 162.00 1.00 H347949 0.0379 0.027 120 1060 0.004 0.250 127 3100

162.00 163.00 1.00 H347951 0.0328 0.028 111 1020 0.004 0.250 125 2920 3.03

163.00 164.00 1.00 H347952 0.0444 0.038 142 1060 0.004 0.250 128 3010

164.00 165.00 1.00 H347953 0.0393 0.028 117 1030 0.003 0.250 128 2780

165.00 166.00 1.00 H347954 0.0462 0.040 162 1000 0.005 0.250 128 2700

166.00 167.00 1.00 H347955 0.0463 0.039 133 987 0.004 0.250 120 2610

167.00 168.00 1.00 H347956 0.0557 0.049 230 1010 0.006 0.250 125 2550

168.00 169.00 1.00 H347957 0.0435 0.038 176 929 0.004 0.250 122 2340

169.00 170.00 1.00 H347958 0.0583 0.056 346 995 0.007 0.250 119 2530

170.00 171.00 1.00 H347959 0.0340 0.031 185 1130 0.005 0.250 124 3160

171.00 172.00 1.00 H347961 0.0361 0.033 179 1120 0.004 0.500 125 3230

172.00 173.00 1.00 H347962 0.0638 0.063 269 1200 0.007 0.250 133 3380 3.01

173.00 174.00 1.00 H347963 0.0692 0.071 296 1290 0.007 0.250 132 3550

174.00 175.00 1.00 H347964 0.0646 0.067 260 1220 0.007 0.250 124 3620

175.00 176.00 1.00 H347965 0.0749 0.076 336 1310 0.008 0.250 127 3670

176.00 177.00 1.00 H347966 0.0615 0.061 290 1360 0.007 0.250 130 3540

177.00 178.00 1.00 H347967 0.1490 0.150 633 1450 0.014 0.600 130 3570

178.00 179.00 1.00 H347968 0.0653 0.063 286 1270 0.007 0.250 125 3450

179.00 180.00 1.00 H347969 0.0437 0.041 204 1230 0.006 0.250 121 3550

5402961.68354130.91480.00

0.0°-90.00°249.00

SL09-36Project: SLL

0 100 200

Gabbro - MelanocraticPeridotiteGabbro - Melanocratic

Peridotite

118.60150.08

151.70

162.00

Mgm

Upd

Mgm

Upd

Scott FrankoLogged:

150.08151.70

162.00

193.68

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:02/11/2009George Downing Estate Drilling

05/11/2009Claim #:4225975

SL09-36Hole Number: 6Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

180

185

190

195

200

205

210

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

180.00 181.00 1.00 H347970 0.0594 0.057 271 1300 0.008 0.250 125 3510

181.00 182.00 1.00 H347971 0.0580 0.057 281 1260 0.006 0.250 117 3240

182.00 183.00 1.00 H347972 0.0996 0.104 433 1280 0.010 0.600 118 3210 3.02

183.00 184.00 1.00 H347973 0.1050 0.109 511 1320 0.010 0.250 121 3020

184.00 185.00 1.00 H347974 0.0430 0.041 228 1110 0.005 0.250 111 2870

185.00 186.00 1.00 H347975 0.0291 0.029 186 1110 0.004 0.250 110 2760

186.00 187.00 1.00 H347976 0.0345 0.029 187 1110 0.004 0.250 109 2640

187.00 188.00 1.00 H347977 0.0174 0.017 137 1050 0.003 0.250 107 2630

188.00 189.00 1.00 H347978 0.0365 0.034 186 1100 0.005 0.250 110 2780

189.00 190.00 1.00 H347979 0.0646 0.064 302 1150 0.007 0.250 108 2700

190.00 191.00 1.00 H347981 0.0459 0.044 257 1110 0.005 0.250 108 2740

191.00 192.00 1.00 H347982 0.0563 0.054 251 990 0.007 0.250 101 2420

192.00 193.00 1.00 H347983 0.0306 0.025 169 937 0.004 0.250 98 2500 2.98

193.00 193.88 0.88 H347984 0.1060 0.111 575 806 0.009 0.250 68 1530

193.88 195.88 2.00 H347985 0.0128 0.014 58 47 0.002 0.250 4 17

195.88 197.88 2.00 H347986 0.0003 0.001 2 7 0.002 0.250 2 14 2.60

5402961.68354130.91480.00

0.0°-90.00°249.00

SL09-36Project: SLL

0 100 200

Peridotite

Granite - Undifferentiated

Granite - Undifferentiated

Granite - Undifferentiated

Granite

162.00

193.68

195.60

199.95

207.20

Upd

Fg

Scott FrankoLogged:

1.5

2.06.02.0

0.5

1.0

1.0

3.0 2.02.02.0

193.68

195.60

199.95

207.20

216.16

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:02/11/2009George Downing Estate Drilling

05/11/2009Claim #:4225975

SL09-36Hole Number: 7Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

210

215

220

225

230

235

240

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

213.45 215.45 2.00 H347987 0.0006 0.001 1 10 0.001 0.250 1 15 2.62

215.45 216.45 1.00 H347988 0.0003 0.001 2 1 0.001 0.250 3 9

216.45 217.05 0.60 H347989 0.0005 0.001 43 40 0.001 0.250 40 10217.05 219.05 2.00 H347991 0.0007 0.001 1 1 0.001 0.250 2 11

219.05 221.05 2.00 H347992 0.0003 0.001 1 1 0.001 0.250 1 12 2.62

5402961.68354130.91480.00

0.0°-90.00°249.00

SL09-36Project: SLL

0 100 200

Granite

Hybrid GreyGranite - UndifferentiatedHybrid GreyGranite

207.20

216.16216.18216.45217.05

Fg

HgFgHg

Fgr

Scott FrankoLogged:

2.0 2.0

216.16

216.18216.45217.05249.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:02/11/2009George Downing Estate Drilling

05/11/2009Claim #:4225975

SL09-36Hole Number: 8Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

240

245

250

255

260

265

270

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402961.68354130.91480.00

0.0°-90.00°249.00

SL09-36Project: SLL

0 100 200

Granite217.05

Fgr

Scott FrankoLogged:

249.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:02/11/2009George Downing Estate Drilling

05/11/2009Claim #:4225975

SL09-36Hole Number: 9Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

0

5

10

15

20

25

30

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

15.00 16.20 1.20 H348001 0.0014 0.002 57 52 0.002 0.250 19 147 2.75

16.20 17.40 1.20 H348002 0.0147 0.009 179 181 0.006 0.250 54 419

17.40 18.40 1.00 H348003 0.0023 0.002 86 66 0.002 0.250 21 137 2.79

5402702.16354100.01506.00

0.0°-90.00°309.00

SL09-37Project: SLL

0 100 200

Overburden - Glacial

Granodiorite

Sedimentary Rocks - Undifferentiated

Mafic UndifferentiatedGranodiorite

0.00

5.00

9.00

16.20

17.40

Ovg

Fgd

S

M

Fgd

Justin JohnsonLogged:

0.1

0.5

0.1

0.1

0.5

0.1

5.00

9.00

16.20

17.40

98.90

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:06/11/2009George Downing Estate Drilling

10/11/2009Claim #:4225975

SL09-37Hole Number: 1Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

30

35

40

45

50

55

60

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402702.16354100.01506.00

0.0°-90.00°309.00

SL09-37Project: SLL

0 100 200

Granodiorite17.40

Fgd

Justin JohnsonLogged:

0.1 0.198.90

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:06/11/2009George Downing Estate Drilling

10/11/2009Claim #:4225975

SL09-37Hole Number: 2Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

60

65

70

75

80

85

90

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402702.16354100.01506.00

0.0°-90.00°309.00

SL09-37Project: SLL

0 100 200

Granodiorite17.40

Fgd

Justin JohnsonLogged:

0.1 0.198.90

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:06/11/2009George Downing Estate Drilling

10/11/2009Claim #:4225975

SL09-37Hole Number: 3Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

90

95

100

105

110

115

120

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

110.00 111.00 1.00 H348004 0.0003 0.001 3 4 0.001 0.250 2 9 2.59

111.00 112.00 1.00 H348005 0.0003 0.001 2 7 0.002 0.250 4 25

112.00 113.00 1.00 H348006 0.0003 0.001 4 3 0.002 0.250 3 10

113.00 114.45 1.45 H348007 0.0003 0.001 3 2 0.001 0.250 3 12

114.45 116.45 2.00 H348008 0.0003 0.001 2 2 0.002 0.250 2 10

116.45 118.45 2.00 H348009 0.0003 0.001 2 3 0.001 0.250 2 13

118.45 119.05 0.60 H348011 0.0005 0.001 4 65 0.002 0.250 8 165119.05 120.00 0.95 H348012 0.0707 0.067 224 171 0.008 0.250 53 344

5402702.16354100.01506.00

0.0°-90.00°309.00

SL09-37Project: SLL

0 100 200

Granodiorite

Mafic UndifferentiatedGranodiorite

Gabbro - MelanocraticGranite - UndifferentiatedHybrid GreyHybrid Grey

17.40

98.9099.20

118.45118.80119.05119.55

Fgd

M

Fgd

MgmFgHg

Justin JohnsonLogged:

0.1

1.0

0.5

2.50.90.52.1

0.5

0.1

0.1

1.0

0.5

2.00.90.52.0

98.90

99.20118.45

118.80119.05119.55120.55

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:06/11/2009George Downing Estate Drilling

10/11/2009Claim #:4225975

SL09-37Hole Number: 4Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

120

125

130

135

140

145

150

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

120.00 122.00 2.00 H348013 0.0471 0.041 264 110 0.008 0.250 49 203 2.98

122.00 124.00 2.00 H348014 0.0106 0.005 146 74 0.004 0.250 42 179

124.00 126.00 2.00 H348015 0.0131 0.004 140 84 0.004 0.250 44 212

126.00 128.00 2.00 H348016 0.0036 0.001 86 45 0.002 0.250 40 102

128.00 130.00 2.00 H348017 0.0037 0.001 115 57 0.002 0.250 40 118

130.00 132.00 2.00 H348018 0.0071 0.002 96 79 0.003 0.250 46 181 2.91

132.00 134.00 2.00 H348019 0.0085 0.003 114 91 0.003 0.250 46 230

134.00 136.00 2.00 H348021 0.0130 0.004 135 109 0.005 0.250 52 268

136.00 137.00 1.00 H348022 0.0163 0.005 143 121 0.004 0.250 46 337

137.00 138.00 1.00 H348023 0.0132 0.006 113 115 0.003 0.250 49 342

138.00 140.00 2.00 H348024 0.0124 0.006 99 115 0.003 0.250 48 368

140.00 142.00 2.00 H348025 0.0140 0.005 103 118 0.003 0.250 48 386 3.03

142.00 144.00 2.00 H348026 0.0074 0.002 102 121 0.001 0.250 49 407

144.00 146.00 2.00 H348027 0.0128 0.004 122 114 0.003 0.250 49 364

146.00 148.00 2.00 H348028 0.0194 0.004 119 115 0.004 0.250 49 365

148.00 150.00 2.00 H348029 0.0135 0.003 122 125 0.003 0.250 50 403

5402702.16354100.01506.00

0.0°-90.00°309.00

SL09-37Project: SLL

0 100 200

Hybrid GreyHybrid Grey

Hybrid Classic Red

Hybrid Grey

Gabbro - Melanocratic

Peridotite

119.55120.55

126.15

132.50

137.00

142.00

Hg

Hr

Hg

Mgm

Upd

Justin JohnsonLogged:

2.10.5

3.50.5

0.1

0.5

0.1

0.1

0.5

0.1

2.00.5

3.00.5

0.1

0.5

120.55126.15

132.50

137.00

142.00

153.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:06/11/2009George Downing Estate Drilling

10/11/2009Claim #:4225975

SL09-37Hole Number: 5Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

150

155

160

165

170

175

180

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

150.00 152.00 2.00 H348031 0.0199 0.010 150 161 0.004 0.250 54 526 3.08

152.00 154.00 2.00 H348032 0.0320 0.026 177 184 0.005 0.250 55 559

154.00 156.00 2.00 H348033 0.0275 0.020 176 223 0.005 0.250 60 570

156.00 157.00 1.00 H348034 0.0644 0.075 396 406 0.008 0.250 75 663

157.00 158.00 1.00 H348035 0.0422 0.039 231 416 0.006 0.250 80 731

158.00 159.00 1.00 H348036 0.0386 0.034 232 403 0.005 0.250 79 796

159.00 160.00 1.00 H348037 0.0592 0.062 332 336 0.009 0.250 68 723

160.00 161.00 1.00 H348038 0.1520 0.199 847 445 0.018 0.250 70 579 3.03

161.00 162.00 1.00 H348039 0.1640 0.192 980 466 0.021 0.500 75 667

162.00 163.00 1.00 H348040 0.0451 0.047 249 279 0.008 0.250 66 651

163.00 164.00 1.00 H348041 0.1110 0.123 591 395 0.013 0.250 72 704

164.00 165.00 1.00 H348042 0.0394 0.042 189 319 0.006 0.250 68 683

165.00 166.00 1.00 H348043 0.0605 0.064 313 373 0.007 0.250 76 758

166.00 167.00 1.00 H348044 0.0546 0.054 331 393 0.008 0.250 75 731

167.00 168.00 1.00 H348045 0.0749 0.087 410 420 0.008 0.250 74 720

168.00 169.00 1.00 H348046 0.0520 0.051 301 428 0.006 0.250 76 807

169.00 170.00 1.00 H348047 0.0817 0.091 425 456 0.009 0.250 77 807

170.00 172.00 2.00 H348048 0.0699 0.076 338 566 0.009 0.250 88 1010 3.05

172.00 174.00 2.00 H348049 0.0357 0.042 197 738 0.007 0.250 104 1380

174.00 176.00 2.00 H744701 0.0686 0.073 184 692 0.007 0.250 100 1080

176.00 178.00 2.00 H744702 0.0632 0.067 269 437 0.010 0.250 81 881

178.00 180.00 2.00 H744703 0.0344 0.038 194 489 0.005 0.250 84 966

5402702.16354100.01506.00

0.0°-90.00°309.00

SL09-37Project: SLL

0 100 200

Peridotite

Peridotite

Gabbro - Melanocratic

142.00

153.00

155.70

Upd

Mgm

Justin JohnsonLogged:

0.1

2.01.2

3.01.2

1.0

0.50.1

0.50.1

0.1

1.01.0

1.0

0.9

0.50.1

2.50.1

0.1

153.00

155.70

193.10

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:06/11/2009George Downing Estate Drilling

10/11/2009Claim #:4225975

SL09-37Hole Number: 6Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

180

185

190

195

200

205

210

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

180.00 182.00 2.00 H744704 0.0971 0.114 445 506 0.009 0.250 80 666 2.99

182.00 184.00 2.00 H744705 0.0568 0.059 252 501 0.007 0.250 83 845

184.00 186.00 2.00 H744706 0.0436 0.045 277 423 0.006 0.250 78 705

186.00 188.00 2.00 H744707 0.1380 0.123 340 443 0.014 0.250 78 990

188.00 190.00 2.00 H744708 0.0871 0.097 391 573 0.014 0.250 97 834

190.00 192.00 2.00 H744709 0.1130 0.111 344 589 0.016 0.250 85 986 3.04

192.00 193.10 1.10 H744711 0.0514 0.055 294 441 0.008 0.600 81 834

193.10 193.65 0.55 H744712 0.0774 0.067 338 205 0.014 0.250 35 531193.65 195.55 1.90 H744713 0.0125 0.008 59 16 0.002 0.250 4 12

195.55 196.20 0.65 H744714 0.0344 0.027 345 144 0.009 0.250 47 240196.20 198.20 2.00 H744715 0.0346 0.030 168 565 0.005 0.250 83 1530

198.20 200.20 2.00 H744716 0.0350 0.030 176 515 0.006 0.250 78 1370

200.20 201.40 1.20 H744717 0.0229 0.019 133 503 0.004 0.250 73 1460 2.98

201.40 203.40 2.00 H744718 0.0014 0.001 1 4 0.002 0.250 1 17

203.40 205.40 2.00 H744719 0.0003 0.001 1 3 0.002 0.250 1 15

5402702.16354100.01506.00

0.0°-90.00°309.00

SL09-37Project: SLL

0 100 200

Gabbro - Melanocratic

Hybrid GreyGranite - UndifferentiatedMixed Intrusion BrecciaHybrid GreyGabbro - Melanocratic

Mixed Intrusion BrecciaGranite - Undifferentiated

Granite - UndifferentiatedGranodiorite

155.70

193.10193.55

194.90195.55196.20

201.20201.40

205.40

206.50

Mgm

Hg

Fg

ZibHg

Mgm

Zib

Fg

Justin JohnsonLogged:

1.0

0.5

1.81.0

1.50.5

0.9

0.90.5

1.0

0.1

0.5

0.90.5

0.50.5

193.10

193.55194.90

195.55196.20201.20

201.40205.40

206.50

213.60

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:06/11/2009George Downing Estate Drilling

10/11/2009Claim #:4225975

SL09-37Hole Number: 7Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

210

215

220

225

230

235

240

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

234.20 236.20 2.00 H744721 0.0011 0.001 3 5 0.002 0.250 1 23 2.61

236.20 236.75 0.55 H744722 0.0120 0.008 148 131 0.004 0.250 46 360236.75 238.75 2.00 H744723 0.0005 0.001 1 1 0.002 0.250 1 8

238.75 240.05 1.30 H744724 0.0005 0.001 1 1 0.002 0.250 1 8

5402702.16354100.01506.00

0.0°-90.00°309.00

SL09-37Project: SLL

0 100 200

Granodiorite

Granodiorite

Granite - Undifferentiated

Hybrid GreyGranodiorite

Granodiorite

206.50

213.60

223.60

236.20236.75

239.00

Fg

Hg

Fgd

Justin JohnsonLogged:

0.5

0.1

0.5

0.1

213.60

223.60

236.20

236.75239.00

241.75

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:06/11/2009George Downing Estate Drilling

10/11/2009Claim #:4225975

SL09-37Hole Number: 8Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

240

245

250

255

260

265

270

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

238.75 240.05 1.30 H744724 0.0005 0.001 1 1 0.002 0.250 1 8240.05 240.75 0.70 H744725 0.0033 0.002 28 22 0.002 0.250 8 71240.75 241.75 1.00 H744726 0.0006 0.001 1 1 0.002 0.250 1 12241.75 243.00 1.25 H744727 0.0222 0.017 212 712 0.004 0.250 83 1580

243.00 245.00 2.00 H744728 0.0231 0.017 141 966 0.004 0.250 98 2270 2.93

245.00 247.00 2.00 H744729 0.0461 0.040 241 1030 0.006 0.250 100 2380

247.00 249.00 2.00 H744730 0.0251 0.019 139 938 0.004 0.250 98 2160

249.00 250.40 1.40 H744731 0.0620 0.057 395 706 0.009 0.250 89 1270

250.40 251.25 0.85 H744732 0.0212 0.020 265 343 0.003 0.250 80 373

251.25 253.15 1.90 H744733 0.0041 0.003 150 690 0.002 0.250 101 327

253.15 255.15 2.00 H744734 0.0014 0.001 71 203 0.002 0.250 57 79 3.00

255.15 256.25 1.10 H744735 0.0003 0.001 52 104 0.002 0.250 63 39

256.25 257.25 1.00 H744736 0.0003 0.001 44 38 0.001 0.250 43 12

257.25 259.25 2.00 H744737 0.0003 0.001 3 2 0.002 0.250 2 10

259.25 261.25 2.00 H744738 0.0003 0.001 1 3 0.001 0.250 1 10 2.70

5402702.16354100.01506.00

0.0°-90.00°309.00

SL09-37Project: SLL

0 100 200

Granodiorite

Gabbro - Melanocratic

Hybrid Grey

Gabbro - Melanocratic

Hybrid Grey

Granodiorite

Granodiorite

Granodiorite

Granodiorite

239.00

241.75

250.45

251.25

253.15

257.25

260.20

263.00

269.30

Fgd

Mgm

Hg

Mgm

Hg

Fgd

Justin JohnsonLogged:

0.1

1.0 1.0

0.1241.75

250.45

251.25

253.15

257.25

260.20

263.00

269.30

273.40

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:06/11/2009George Downing Estate Drilling

10/11/2009Claim #:4225975

SL09-37Hole Number: 9Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

270

275

280

285

290

295

300

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402702.16354100.01506.00

0.0°-90.00°309.00

SL09-37Project: SLL

0 100 200

Granodiorite

Granodiorite

Granodiorite

Granodiorite

Granodiorite

Granodiorite

269.30

273.40

277.30

280.50

286.20

288.20

Fgd

Justin JohnsonLogged:

273.40

277.30

280.50

286.20

288.20

309.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:06/11/2009George Downing Estate Drilling

10/11/2009Claim #:4225975

SL09-37Hole Number: 10Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

300

305

310

315

320

325

330

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402702.16354100.01506.00

0.0°-90.00°309.00

SL09-37Project: SLL

0 100 200

Granodiorite288.20

Fgd

Justin JohnsonLogged:

309.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:06/11/2009George Downing Estate Drilling

10/11/2009Claim #:4225975

SL09-37Hole Number: 11Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

0

5

10

15

20

25

30

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402847.75354120.13486.00

0.0°-90.00°267.00

SL09-38Project: SLL

0 100 200

Overburden - Glacial

Granodiorite

0.00

19.80

Ovg

Fgd

Ryan WestonLogged:

19.80

79.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:12/11/2009George Downing Estate Drilling

16/11/2009Claim #:4225975

SL09-38Hole Number: 1Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

30

35

40

45

50

55

60

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402847.75354120.13486.00

0.0°-90.00°267.00

SL09-38Project: SLL

0 100 200

Granodiorite19.80

Fgd

Ryan WestonLogged:

79.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:12/11/2009George Downing Estate Drilling

16/11/2009Claim #:4225975

SL09-38Hole Number: 2Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

60

65

70

75

80

85

90

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

82.70 84.70 2.00 H348051 0.0003 0.001 1 1 0.001 0.250 2 6 2.61

84.70 86.70 2.00 H348052 0.0003 0.001 1 2 0.001 0.250 2 7

86.70 88.20 1.50 H348053 0.0003 0.001 1 1 0.001 0.250 1 6

88.20 90.50 2.30 H348054 0.0003 0.001 2 4 0.001 0.250 1 10

5402847.75354120.13486.00

0.0°-90.00°267.00

SL09-38Project: SLL

0 100 200

Granodiorite

Granodiorite

Hybrid Classic Red

Granodiorite

19.80

79.00

86.70

88.20

Fgd

Hr

Fgd

Ryan WestonLogged:

0.1 0.1

79.00

86.70

88.20

94.50

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:12/11/2009George Downing Estate Drilling

16/11/2009Claim #:4225975

SL09-38Hole Number: 3Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

90

95

100

105

110

115

120

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

88.20 90.50 2.30 H348054 0.0003 0.001 2 4 0.001 0.250 1 1090.50 92.50 2.00 H348055 0.0003 0.001 1 1 0.001 0.250 1 13

92.50 94.50 2.00 H348056 0.0003 0.001 2 3 0.001 0.250 2 9 2.58

94.50 96.00 1.50 H348057 0.0136 0.003 538 110 0.011 0.250 42 93

96.00 97.40 1.40 H348058 0.2050 0.146 277 218 0.018 0.250 51 640

97.40 99.00 1.60 H348059 0.0222 0.018 171 284 0.004 0.250 66 555

99.00 101.00 2.00 H348061 0.0241 0.017 166 339 0.003 0.250 72 639

101.00 103.00 2.00 H348062 0.0209 0.019 175 309 0.004 0.250 67 692 3.02

103.00 104.00 1.00 H348063 0.0455 0.042 251 362 0.007 0.250 74 753

104.00 105.00 1.00 H348064 0.0474 0.031 238 312 0.005 0.250 68 636

105.00 106.00 1.00 H348065 0.0276 0.024 203 263 0.004 0.250 66 552

106.00 107.00 1.00 H348066 0.0402 0.051 253 290 0.005 0.250 66 546

107.00 108.00 1.00 H348067 0.0269 0.023 158 232 0.005 0.250 60 574

108.00 109.00 1.00 H348068 0.0306 0.025 209 269 0.007 0.250 68 626

109.00 110.00 1.00 H348069 0.0239 0.016 158 235 0.004 0.250 62 580

110.00 111.00 1.00 H348071 0.0310 0.025 179 236 0.005 0.250 62 584

111.00 112.00 1.00 H348072 0.0890 0.114 412 391 0.009 0.250 80 636

112.00 113.00 1.00 H348073 0.1290 0.157 480 336 0.014 0.250 70 543 3.02

113.00 114.00 1.00 H348074 0.0303 0.014 169 222 0.004 0.250 61 496

114.00 115.00 1.00 H348075 0.0249 0.016 188 225 0.004 0.250 55 473

115.00 116.00 1.00 H348076 0.0495 0.046 280 367 0.005 0.250 75 680

116.00 117.00 1.00 H348077 0.0570 0.055 254 404 0.007 0.250 78 805

117.00 118.00 1.00 H348078 0.0641 0.081 477 627 0.009 0.250 97 1150

118.00 119.00 1.00 H348079 0.1340 0.114 390 724 0.017 0.250 108 1300

119.00 120.00 1.00 H348081 0.0396 0.034 428 626 0.009 0.250 103 1160

5402847.75354120.13486.00

0.0°-90.00°267.00

SL09-38Project: SLL

0 100 200

Granodiorite

Hybrid Classic Red

Gabbro - Melanocratic

Peridotite

88.20

94.50

97.40

118.00

Fgd

Hr

Mgm

Upd

Ryan WestonLogged:

0.1

1.4

1.1

0.6

1.6

0.6

0.5

0.5

0.1

0.1

0.1

0.5

0.5

0.5

0.5

0.1

0.9

0.1

1.0

94.50

97.40

118.00

121.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:12/11/2009George Downing Estate Drilling

16/11/2009Claim #:4225975

SL09-38Hole Number: 4Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

120

125

130

135

140

145

150

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

120.00 121.00 1.00 H348082 0.0312 0.031 336 598 0.006 0.250 103 869

121.00 122.00 1.00 H348083 0.0252 0.024 208 517 0.004 0.250 96 802

122.00 123.00 1.00 H348084 0.0318 0.032 198 658 0.005 0.250 101 1020 3.01

123.00 124.00 1.00 H348085 0.0555 0.065 281 772 0.005 0.250 107 1030

124.00 125.00 1.00 H348086 0.0516 0.059 238 765 0.005 0.250 107 1040

125.00 126.00 1.00 H348087 0.0454 0.059 214 764 0.005 0.250 107 1060

126.00 127.00 1.00 H348088 0.0852 0.115 408 823 0.008 0.250 111 1020

127.00 128.00 1.00 H348089 0.1000 0.130 430 927 0.009 0.250 112 1045

128.00 129.00 1.00 H348090 0.1090 0.134 463 909 0.009 0.250 115 1040

129.00 130.00 1.00 H348091 0.1200 0.155 536 913 0.010 0.500 113 1030

130.00 131.00 1.00 H348092 0.2300 0.300 1030 1160 0.017 0.250 120 1125

131.00 132.00 1.00 H348093 0.1020 0.136 389 879 0.007 0.250 104 1435

132.00 133.00 1.00 H348094 0.1080 0.119 364 878 0.008 0.250 98 1855 2.96

133.00 134.00 1.00 H348095 0.0788 0.092 249 856 0.006 0.250 96 1990

134.00 135.00 1.00 H348096 0.1900 0.223 724 1235 0.014 0.500 108 3110

135.00 136.00 1.00 H348097 0.4030 0.489 1495 1700 0.027 1.000 129 3650

136.00 137.00 1.00 H348098 0.1160 0.124 453 1150 0.012 0.250 116 3320

137.00 138.00 1.00 H348099 0.2980 0.340 1095 1235 0.025 1.000 117 2620

138.00 139.00 1.00 H348101 0.0517 0.049 257 672 0.005 0.250 95 1625

139.00 140.00 1.00 H348102 0.0401 0.036 195 642 0.004 0.250 92 1685

140.00 141.00 1.00 H348103 0.0848 0.100 413 762 0.007 0.600 99 1530

141.00 142.00 1.00 H348104 0.0866 0.089 336 861 0.007 0.250 109 1835

142.00 143.00 1.00 H348105 0.0517 0.058 285 706 0.005 0.250 90 1565 2.79

143.00 144.00 1.00 H348106 0.0457 0.047 242 756 0.005 0.250 101 1755

144.00 145.00 1.00 H348107 0.0727 0.074 363 824 0.006 0.500 103 1735

145.00 146.00 1.00 H348108 0.0565 0.058 246 796 0.005 0.250 100 1980

146.00 147.00 1.00 H348109 0.0490 0.047 246 770 0.005 0.250 99 1940

147.00 148.00 1.00 H348111 0.0634 0.064 294 844 0.005 0.250 105 1930

148.00 149.00 1.00 H348112 0.0445 0.044 207 846 0.004 0.250 102 2340

149.00 150.00 1.00 H348113 0.0707 0.091 280 868 0.007 0.250 105 2240

5402847.75354120.13486.00

0.0°-90.00°267.00

SL09-38Project: SLL

0 100 200

Peridotite

Gabbro - Melanocratic

Gabbro - Melanocratic

Gabbro - Melanocratic

118.00

121.00

131.00

143.00

Upd

Mgm

Ryan WestonLogged:

0.6

1.5

0.2

0.1

0.5

0.1

0.5

1.0

0.1

121.00

131.00

143.00

174.30

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:12/11/2009George Downing Estate Drilling

16/11/2009Claim #:4225975

SL09-38Hole Number: 5Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

150

155

160

165

170

175

180

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

150.00 151.00 1.00 H348114 0.0297 0.026 154 777 0.003 0.250 99 2170

151.00 152.00 1.00 H348115 0.0292 0.021 172 746 0.003 0.250 98 2130

152.00 153.00 1.00 H348116 0.0220 0.014 113 752 0.002 0.250 98 2200 2.96

153.00 154.00 1.00 H348117 0.0583 0.058 325 850 0.005 0.250 102 2520

154.00 155.00 1.00 H348118 0.0397 0.032 200 837 0.004 0.250 102 2800

155.00 156.00 1.00 H348119 0.0549 0.056 259 927 0.004 0.250 106 2890

156.00 157.00 1.00 H348121 0.0273 0.021 125 924 0.003 0.250 105 2990

157.00 158.00 1.00 H348122 0.0348 0.024 153 939 0.003 0.600 106 2890

158.00 159.00 1.00 H348123 0.0421 0.032 135 924 0.003 0.250 101 2760

159.00 160.00 1.00 H348124 0.0199 0.012 123 916 0.002 0.250 103 2660

160.00 161.00 1.00 H348125 0.0254 0.021 143 961 0.002 0.250 106 2490

161.00 162.00 1.00 H348126 0.0213 0.015 116 892 0.003 0.250 101 2270

162.00 163.00 1.00 H348127 0.0203 0.015 124 937 0.002 0.250 107 2150 2.96

163.00 164.00 1.00 H348128 0.0157 0.011 111 882 0.002 0.250 101 1990

164.00 165.00 1.00 H348129 0.0170 0.011 117 920 0.002 0.250 105 2030

165.00 166.00 1.00 H348130 0.0197 0.013 110 884 0.002 0.250 101 1950

166.00 167.00 1.00 H348131 0.0266 0.021 146 857 0.005 0.250 101 1910

167.00 168.00 1.00 H348132 0.1490 0.156 638 781 0.014 0.250 93 1650

168.00 169.00 1.00 H348133 0.0330 0.033 205 812 0.004 0.250 99 1930

169.00 170.00 1.00 H348134 0.0152 0.009 124 801 0.003 0.250 100 2070

170.00 171.00 1.00 H348135 0.0282 0.024 152 758 0.004 0.250 95 1790

171.00 172.00 1.00 H348136 0.0402 0.036 224 747 0.005 0.250 95 1800

172.00 173.00 1.00 H348137 0.0319 0.027 200 685 0.004 0.250 90 1750 2.97

173.00 174.30 1.30 H348138 0.0468 0.040 249 661 0.004 0.250 88 1630

174.30 176.20 1.90 H348139 0.0426 0.044 190 163 0.004 0.250 20 327

176.20 178.00 1.80 H348141 0.0006 0.001 5 7 0.001 0.250 2 29

5402847.75354120.13486.00

0.0°-90.00°267.00

SL09-38Project: SLL

0 100 200

Gabbro - Melanocratic

Granite

Granite

143.00

174.30

176.20

Mgm

Fgr

Ryan WestonLogged:

0.2

1.00.6

0.5

0.9

0.1

0.50.1

0.1

0.50.5

0.5

0.9

174.30

176.20

192.40

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:12/11/2009George Downing Estate Drilling

16/11/2009Claim #:4225975

SL09-38Hole Number: 6Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

180

185

190

195

200

205

210

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

188.40 190.40 2.00 H348142 0.0005 0.001 1 1 0.001 0.250 1 18 2.61

190.40 192.40 2.00 H348143 0.0003 0.001 1 1 0.001 0.250 1 15

192.40 193.45 1.05 H348144 0.0045 0.003 112 114 0.002 0.250 27 186

193.45 194.00 0.55 H348145 0.0186 0.011 179 653 0.004 0.250 85 1610194.00 195.00 1.00 H348146 0.0201 0.014 130 980 0.002 0.250 100 2340

195.00 196.00 1.00 H348147 0.0256 0.019 172 868 0.004 0.250 98 2030

196.00 197.00 1.00 H348148 0.0254 0.020 160 1090 0.003 0.250 106 2640

197.00 198.00 1.00 H348149 0.0288 0.024 189 1175 0.003 0.250 112 2870

198.00 199.00 1.00 H348151 0.0363 0.032 218 1230 0.005 0.250 114 2940 3.00

199.00 200.00 1.00 H348152 0.0241 0.019 157 1260 0.003 0.250 114 3200

200.00 201.00 1.00 H348153 0.0449 0.041 204 1330 0.004 0.250 117 3240

201.00 202.00 1.00 H348154 0.0259 0.023 162 1315 0.003 0.250 116 3200

202.00 203.00 1.00 H348155 0.0289 0.025 129 1290 0.003 0.250 115 3160

203.00 204.00 1.00 H348156 0.0188 0.013 104 1340 0.002 0.250 117 3500

204.00 205.00 1.00 H348157 0.0371 0.036 134 1365 0.003 0.250 114 3370

205.00 206.00 1.00 H348158 0.0271 0.026 152 1355 0.003 0.250 118 3190

206.00 207.00 1.00 H348159 0.0613 0.062 272 1445 0.006 0.250 121 2900

207.00 208.00 1.00 H348161 0.0242 0.026 241 1330 0.003 0.250 129 2640

208.00 209.00 1.00 H348162 0.0122 0.009 135 1245 0.002 0.250 130 2000 2.89

209.00 210.00 1.00 H348163 0.0112 0.010 170 1165 0.002 0.250 125 1270

5402847.75354120.13486.00

0.0°-90.00°267.00

SL09-38Project: SLL

0 100 200

Granite

Hybrid Grey

Gabbro - Melanocratic

176.20

192.40

193.45

Fgr

Hg

Mgm

Ryan WestonLogged:

0.9

1.9

0.9

1.5 1.0

0.9

1.9

0.9

0.5

192.40

193.45

211.45

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:12/11/2009George Downing Estate Drilling

16/11/2009Claim #:4225975

SL09-38Hole Number: 7Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

210

215

220

225

230

235

240

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

210.00 211.00 1.00 H348164 0.0083 0.006 162 1020 0.001 0.250 114 785

211.00 212.00 1.00 H348165 0.0079 0.007 213 954 0.001 0.250 110 534

212.00 213.00 1.00 H348166 0.0045 0.003 107 726 0.001 0.250 93 526

213.00 214.00 1.00 H348167 0.0159 0.016 356 956 0.002 0.250 109 450

214.00 214.70 0.70 H348168 0.0288 0.030 750 1025 0.004 0.250 111 447214.70 216.70 2.00 H348169 0.0008 0.001 12 6 0.001 0.250 1 10

216.70 218.70 2.00 H348170 0.0008 0.001 2 3 0.001 0.250 1 8 2.60

5402847.75354120.13486.00

0.0°-90.00°267.00

SL09-38Project: SLL

0 100 200

Gabbro - Melanocratic

Gabbro - LeucocraticGabbro - Melanocratic

Granite - Undifferentiated

Granite

193.45

211.45

212.60

214.70

216.90

Mgm

Mgl

Mgm

Fg

Ryan WestonLogged:

1.5 1.0 0.5211.45

212.60

214.70

216.90

257.65

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:12/11/2009George Downing Estate Drilling

16/11/2009Claim #:4225975

SL09-38Hole Number: 8Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

240

245

250

255

260

265

270

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

255.50 256.50 1.00 H348171 0.0003 0.001 1 1 0.001 0.250 2 9

256.50 257.50 1.00 H348172 0.0003 0.001 1 1 0.001 0.250 1 9

257.50 257.80 0.30 H348173 0.0003 0.001 14 23 0.001 0.250 22 13257.80 258.80 1.00 H348174 0.0003 0.001 1 1 0.001 0.250 1 10258.80 259.80 1.00 H348175 0.0005 0.001 1 1 0.001 0.250 1 8 2.62

5402847.75354120.13486.00

0.0°-90.00°267.00

SL09-38Project: SLL

0 100 200

Granite

Hybrid GreyGranite

216.90

257.65257.80

Fg

Hg

Fgr

Ryan WestonLogged:

257.65

257.80267.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:12/11/2009George Downing Estate Drilling

16/11/2009Claim #:4225975

SL09-38Hole Number: 9Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

0

5

10

15

20

25

30

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402597.54354197.51514.00

0.0°-90.00°348.00

SL09-39Project: SLL

0 100 200

Granodiorite0.00

Fgd

Scott FrankoLogged:

53.92

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/11/2009George Downing Estate Drilling

24/11/2009Claim #:4225975

SL09-39Hole Number: 1Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

30

35

40

45

50

55

60

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

51.92 52.92 1.00 H348176 0.0022 0.002 3 10 0.002 0.250 1 13 2.62

52.92 53.92 1.00 H348177 0.0017 0.002 3 5 0.002 0.250 3 9

53.92 55.10 1.18 H348178 0.0171 0.011 157 194 0.006 0.250 50 474

55.10 56.10 1.00 H348179 0.0005 0.001 2 7 0.002 0.250 2 11 2.62

56.10 57.10 1.00 H348181 0.0007 0.001 1 10 0.001 0.250 3 15

5402597.54354197.51514.00

0.0°-90.00°348.00

SL09-39Project: SLL

0 100 200

Granodiorite

Hybrid Grey

Granodiorite

0.00

53.92

55.10

Fgd

Hg

Fgd

Scott FrankoLogged:

53.92

55.10

172.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/11/2009George Downing Estate Drilling

24/11/2009Claim #:4225975

SL09-39Hole Number: 2Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

60

65

70

75

80

85

90

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402597.54354197.51514.00

0.0°-90.00°348.00

SL09-39Project: SLL

0 100 200

Granodiorite55.10

Fgd

Scott FrankoLogged:

172.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/11/2009George Downing Estate Drilling

24/11/2009Claim #:4225975

SL09-39Hole Number: 3Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

90

95

100

105

110

115

120

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402597.54354197.51514.00

0.0°-90.00°348.00

SL09-39Project: SLL

0 100 200

Granodiorite55.10

Fgd

Scott FrankoLogged:

172.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/11/2009George Downing Estate Drilling

24/11/2009Claim #:4225975

SL09-39Hole Number: 4Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

120

125

130

135

140

145

150

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402597.54354197.51514.00

0.0°-90.00°348.00

SL09-39Project: SLL

0 100 200

Granodiorite55.10

Fgd

Scott FrankoLogged:

172.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/11/2009George Downing Estate Drilling

24/11/2009Claim #:4225975

SL09-39Hole Number: 5Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

150

155

160

165

170

175

180

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

169.45 171.45 2.00 H348182 0.0006 0.001 1 3 0.002 0.250 3 11 2.59

171.45 172.45 1.00 H348183 0.0010 0.001 5 7 0.002 0.800 3 17

172.45 173.45 1.00 H348184 0.0135 0.015 11 10 0.002 0.250 4 22

173.45 174.00 0.55 H348185 0.0098 0.004 177 40 0.004 0.250 38 21174.00 175.00 1.00 H348186 0.0102 0.005 163 45 0.004 0.250 41 51

175.00 176.00 1.00 H348187 0.0120 0.005 146 89 0.004 0.250 43 208

176.00 177.00 1.00 H348188 0.0237 0.011 207 96 0.005 0.250 45 200

177.00 178.00 1.00 H348189 0.0119 0.005 147 92 0.004 0.250 46 232

178.00 179.00 1.00 H348191 0.0102 0.004 118 94 0.003 0.250 42 236

179.00 180.00 1.00 H348192 0.0141 0.004 127 117 0.003 0.250 51 319 3.02

5402597.54354197.51514.00

0.0°-90.00°348.00

SL09-39Project: SLL

0 100 200

Granodiorite

Granite - Undifferentiated

Gabbro

55.10

172.00

173.45

Fgd

Mg

Scott FrankoLogged:

2.5 2.0 0.5

172.00

173.45

192.60

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/11/2009George Downing Estate Drilling

24/11/2009Claim #:4225975

SL09-39Hole Number: 6Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

180

185

190

195

200

205

210

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

180.00 181.00 1.00 H348193 0.0173 0.005 126 118 0.004 0.250 51 339

181.00 182.00 1.00 H348194 0.0144 0.004 123 128 0.003 0.250 52 373

182.00 183.00 1.00 H348195 0.0150 0.004 127 128 0.004 0.250 53 373

183.00 184.00 1.00 H348196 0.0115 0.004 122 136 0.003 0.250 55 421

184.00 185.00 1.00 H348197 0.0145 0.004 122 136 0.004 0.250 52 422

185.00 186.00 1.00 H348198 0.0528 0.050 303 231 0.075 0.250 65 484

186.00 187.00 1.00 H348199 0.0947 0.089 556 459 0.012 0.250 88 630

187.00 188.00 1.00 H348200 0.0407 0.042 259 459 0.007 0.250 92 809

188.00 189.00 1.00 H348201 0.0622 0.068 313 495 0.008 0.250 89 799

189.00 190.00 1.00 H348202 0.0470 0.045 240 484 0.006 0.250 88 808 3.06

190.00 191.00 1.00 H348203 0.0324 0.031 213 467 0.005 0.250 90 817

191.00 192.00 1.00 H348204 0.0395 0.040 254 499 0.005 0.250 98 871

192.00 193.00 1.00 H348205 0.0358 0.036 190 416 0.005 0.250 88 852

193.00 194.00 1.00 H348206 0.0400 0.035 189 407 0.006 0.250 86 848

194.00 195.00 1.00 H348207 0.3660 0.444 1585 799 0.038 0.600 105 838

195.00 196.00 1.00 H348208 0.3690 0.461 1745 969 0.038 0.900 114 878

196.00 197.00 1.00 H348209 0.1515 0.178 713 632 0.015 0.250 91 906

197.00 198.00 1.00 H348211 0.0394 0.042 223 510 0.006 0.600 88 824

198.00 199.00 1.00 H348212 0.0783 0.088 342 636 0.010 0.900 104 1050

199.00 200.00 1.00 H348213 0.0251 0.020 108 276 0.003 0.250 68 678 3.04

200.00 201.00 1.00 H348214 0.0243 0.032 155 304 0.004 0.250 73 699

201.00 202.00 1.00 H348215 0.0497 0.056 226 370 0.007 0.250 74 670

202.00 203.00 1.00 H348216 0.0523 0.053 262 433 0.007 0.600 83 788

203.00 204.00 1.00 H348217 0.0395 0.037 203 428 0.005 0.250 85 817

204.00 205.00 1.00 H348218 0.0478 0.051 243 380 0.006 0.500 77 712

205.00 206.00 1.00 H348219 0.0249 0.022 151 438 0.004 0.250 86 795

206.00 207.00 1.00 H348221 0.0259 0.022 156 374 0.004 0.250 80 698

207.00 208.00 1.00 H348222 0.0418 0.034 205 336 0.005 0.250 72 647

208.00 209.00 1.00 H348223 0.0413 0.036 176 374 0.006 0.250 76 688

209.00 210.00 1.00 H348224 0.0367 0.037 201 369 0.005 0.250 77 673 3.11

5402597.54354197.51514.00

0.0°-90.00°348.00

SL09-39Project: SLL

0 100 200

Gabbro

Peridotite

173.45

192.60

Mg

Upd

Scott FrankoLogged:

0.5

2.0

6.54.4

2.0

0.5

2.0

0.5

0.5

1.00.9

0.5

0.5

1.0

5.03.0

1.0

1.0

0.5

0.5

0.50.5

0.5

0.5

0.5

0.5

192.60

210.35

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/11/2009George Downing Estate Drilling

24/11/2009Claim #:4225975

SL09-39Hole Number: 7Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

210

215

220

225

230

235

240

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

210.00 211.00 1.00 H348225 0.0563 0.067 275 465 0.008 0.250 82 738

211.00 212.00 1.00 H348226 0.0527 0.060 259 380 0.007 0.250 77 690

212.00 213.00 1.00 H348227 0.0466 0.048 222 351 0.006 0.250 74 654

213.00 214.00 1.00 H348228 0.0443 0.043 222 381 0.006 0.250 73 682

214.00 215.00 1.00 H348229 0.1230 0.122 477 357 0.013 0.250 71 548

215.00 216.00 1.00 H348231 0.0475 0.042 245 298 0.007 0.250 69 463

216.00 217.00 1.00 H348232 0.0498 0.040 287 387 0.008 0.250 76 621

217.00 218.00 1.00 H348233 0.1235 0.136 446 481 0.013 0.250 86 790

218.00 219.10 1.10 H348234 0.3330 0.381 1700 648 0.034 1.500 82 459

219.10 220.10 1.00 H348235 0.0205 0.021 16 16 0.003 0.250 3 10 2.56

220.10 221.10 1.00 H348236 0.0006 0.001 4 2 0.001 0.250 2 8

221.10 223.10 2.00 H348237 0.0009 0.001 1 4 0.002 0.250 2 11

230.50 232.50 2.00 H348238 0.0017 0.003 4 4 0.001 0.250 2 16 2.57

232.50 234.50 2.00 H348239 0.0094 0.015 4 6 0.002 0.250 4 16

234.50 235.00 0.50 H348240 1.2000 1.220 585 587 0.050 1.000 87 1310235.00 236.00 1.00 H348241 0.5280 0.611 509 491 0.036 0.250 83 917

236.00 237.00 1.00 H348242 0.0662 0.066 198 289 0.009 0.250 68 438

237.00 238.00 1.00 H348243 0.0390 0.032 207 272 0.007 0.250 66 400

238.00 239.00 1.00 H348244 0.1065 0.124 484 379 0.013 0.700 68 470

239.00 240.00 1.00 H348245 0.3810 0.446 1380 964 0.036 0.250 116 1100

5402597.54354197.51514.00

0.0°-90.00°348.00

SL09-39Project: SLL

0 100 200

PeridotiteGabbro - Melanocratic

Granodiorite

Gabbro - Melanocratic

192.60210.35

219.10

234.50

Upd

Mgm

Fgd

Mgm

Scott FrankoLogged:

0.5

2.0

3.0

4.5

1.5

2.5

0.5

0.5

1.0

0.5

0.5

1.0

2.0

3.0

1.0

2.0

0.5

0.5

0.5

0.5

210.35219.10

234.50

250.62

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/11/2009George Downing Estate Drilling

24/11/2009Claim #:4225975

SL09-39Hole Number: 8Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

240

245

250

255

260

265

270

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

240.00 241.00 1.00 H348246 0.7340 0.884 2290 1580 0.059 0.800 140 1920 3.07

241.00 242.00 1.00 H348247 0.6550 0.770 2300 1400 0.054 1.400 130 2270

242.00 243.00 1.00 H348248 0.4610 0.511 1685 1150 0.042 1.100 113 2030

243.00 244.00 1.00 H348249 0.1230 0.134 517 962 0.012 0.250 114 2570

244.00 245.00 1.00 H348251 0.0696 0.074 302 977 0.007 0.250 111 2620

245.00 246.00 1.00 H348252 0.2220 0.245 819 1155 0.022 0.250 111 3060

246.00 247.00 1.00 H348253 0.0592 0.059 225 1005 0.006 0.250 107 2630

247.00 248.00 1.00 H348254 0.0445 0.047 219 979 0.005 0.250 105 2380

248.00 249.00 1.00 H348255 0.0382 0.038 183 895 0.004 0.250 104 2300

249.00 250.00 1.00 H348256 0.0306 0.024 141 630 0.004 0.250 85 1655

250.00 250.86 0.86 H348257 0.0571 0.065 369 548 0.006 0.250 70 1190 2.86

250.86 252.33 1.47 H348258 0.0111 0.011 29 116 0.001 0.250 15 296

252.33 253.80 1.47 H348259 0.0009 0.001 3 5 0.002 0.250 2 14

253.80 254.40 0.60 H348261 0.0103 0.011 64 32 0.003 0.250 10 36254.40 255.00 0.60 H348262 0.0329 0.033 174 670 0.005 0.250 80 1795255.00 256.00 1.00 H348263 0.0470 0.050 279 901 0.006 0.250 100 2240

256.00 257.00 1.00 H348264 0.0455 0.050 266 968 0.006 0.250 101 2470

257.00 258.00 1.00 H348265 0.0265 0.024 145 898 0.004 0.250 98 2330

258.00 259.00 1.00 H348266 0.0627 0.065 299 969 0.007 0.250 100 2430

259.00 260.00 1.00 H348267 0.0493 0.053 295 979 0.007 0.250 101 2360

260.00 261.00 1.00 H348268 0.0241 0.022 162 952 0.004 0.250 97 2630 3.06

261.00 262.00 1.00 H348269 0.0257 0.022 132 839 0.005 0.250 91 2410

262.00 263.00 1.00 H348271 0.0398 0.036 206 994 0.005 0.250 105 2630

263.00 264.00 1.00 H348272 0.0408 0.038 231 951 0.006 0.250 104 2800

264.00 265.00 1.00 H348273 0.0315 0.028 171 907 0.005 0.250 100 2690

265.00 266.00 1.00 H348274 0.0202 0.014 125 842 0.004 0.250 95 2660

266.00 267.00 1.00 H348275 0.0142 0.010 109 768 0.004 0.250 90 2340

267.00 268.00 1.00 H348276 0.2440 0.283 1360 1370 0.022 0.250 118 2480

268.00 269.00 1.00 H348277 0.3880 0.460 1860 1610 0.034 0.600 127 2650

269.00 270.00 1.00 H348278 0.1760 0.189 789 1090 0.019 0.250 104 2780

5402597.54354197.51514.00

0.0°-90.00°348.00

SL09-39Project: SLL

0 100 200

Gabbro - Melanocratic

Granite - UndifferentiatedGabbro - MelanocraticGranite - UndifferentiatedGabbro - Melanocratic

234.50

250.62250.74250.86

254.40

Mgm

FgMgm

Fg

Mgm

Scott FrankoLogged:

2.56.04.0

2.5

0.1

2.5

0.1

2.5

1.5

3.51.06.01.4

0.51.01.0

0.5

0.5

0.5

0.5

0.5

1.00.5

2.05.03.0

2.0

0.1

2.0

0.1

2.0

1.0

3.01.05.00.9

250.62

250.74250.86254.40

276.32

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/11/2009George Downing Estate Drilling

24/11/2009Claim #:4225975

SL09-39Hole Number: 9Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

270

275

280

285

290

295

300

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

270.00 271.00 1.00 H348279 0.0780 0.087 400 1090 0.009 0.250 101 2870 2.99

271.00 272.00 1.00 H348281 0.0436 0.043 268 1065 0.006 0.250 101 2830

272.00 273.00 1.00 H348282 0.0576 0.059 344 1060 0.007 0.250 101 2790

273.00 274.00 1.00 H348283 0.0416 0.040 250 983 0.005 0.250 94 2610

274.00 275.00 1.00 H348284 0.0650 0.063 335 1120 0.008 0.250 102 3210

275.00 276.00 1.00 H348285 0.0225 0.019 146 1030 0.004 0.250 98 2770

276.00 277.00 1.00 H348286 0.0388 0.038 234 1070 0.007 0.250 102 2530

277.00 278.00 1.00 H348287 0.5150 0.563 2740 2160 0.045 1.800 151 2550

278.00 279.00 1.00 H348288 0.6750 0.714 3300 2160 0.074 2.700 135 2420

279.00 280.00 1.00 H348289 0.1030 0.099 494 1135 0.014 0.500 108 2710

280.00 281.00 1.00 H348290 0.0534 0.053 322 1175 0.007 0.250 111 3060 3.01

281.00 282.00 1.00 H348291 0.0824 0.087 461 1245 0.011 0.250 106 2760

282.00 283.00 1.00 H348292 0.0236 0.021 162 1050 0.004 0.250 99 2520

283.00 284.00 1.00 H348293 0.0509 0.048 231 1000 0.006 0.250 95 2420

284.00 285.00 1.00 H348294 0.0165 0.012 123 894 0.003 0.250 90 2350

285.00 286.00 1.00 H348295 0.0248 0.022 170 970 0.004 0.250 92 2400

286.00 287.00 1.00 H348296 0.0252 0.022 147 973 0.003 0.250 93 2570

287.00 288.00 1.00 H348297 0.0792 0.083 423 1025 0.010 0.250 90 2310

288.00 289.00 1.00 H348298 0.0455 0.047 271 939 0.005 0.250 89 2290

289.00 290.00 1.00 H348299 0.0234 0.021 162 877 0.003 0.250 90 1815

290.00 291.00 1.00 H348301 0.0196 0.019 207 846 0.003 0.250 92 1300 2.98

291.00 292.00 1.00 H348302 0.0091 0.010 202 791 0.002 0.250 96 498

292.00 293.30 1.30 H348303 0.0055 0.005 156 840 0.001 0.250 111 332

293.30 294.65 1.35 H348304 0.0011 0.001 81 122 0.001 0.250 62 49

294.65 295.05 0.40 H348305 0.0008 0.001 42 44 0.001 0.900 43 9295.05 297.05 2.00 H348306 0.0005 0.001 2 2 0.001 1.100 1 10

297.05 299.05 2.00 H348307 0.0003 0.001 1 4 0.001 0.500 1 9 2.62

5402597.54354197.51514.00

0.0°-90.00°348.00

SL09-39Project: SLL

0 100 200

Gabbro - Melanocratic

Peridotite

Hybrid Grey

Hybrid GreyGranodiorite

254.40

276.32

293.30

294.65295.03

Mgm

Upd

Hg

Fgd

Scott FrankoLogged:

1.4

0.1

1.09.01.59.01.0

0.5

2.00.52.0

0.9

0.1

1.07.01.07.01.0

276.32

293.30

294.65

295.03307.75

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/11/2009George Downing Estate Drilling

24/11/2009Claim #:4225975

SL09-39Hole Number: 10Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

300

305

310

315

320

325

330

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402597.54354197.51514.00

0.0°-90.00°348.00

SL09-39Project: SLL

0 100 200

Granodiorite

Mixed Intrusion Breccia

Granodiorite

295.03

307.75

310.00

Fgd

Zib

Fgd

Scott FrankoLogged:

1.0 1.0

307.75

310.00

348.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/11/2009George Downing Estate Drilling

24/11/2009Claim #:4225975

SL09-39Hole Number: 11Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

330

335

340

345

350

355

360

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402597.54354197.51514.00

0.0°-90.00°348.00

SL09-39Project: SLL

0 100 200

Granodiorite310.00

Fgd

Scott FrankoLogged:

348.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:19/11/2009George Downing Estate Drilling

24/11/2009Claim #:4225975

SL09-39Hole Number: 12Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

0

5

10

15

20

25

30

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402448.33354278.92481.00

0.0°-90.00°348.00

SL09-40Project: SLL

0 100 200

Overburden - GlacialSiltstone

0.00

1.00

Ovg

Spt

Scott FrankoLogged:

1.00

60.25

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:26/11/2009George Downing Estate Drilling

30/11/2009Claim #:4225975

SL09-40Hole Number: 1Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

30

35

40

45

50

55

60

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402448.33354278.92481.00

0.0°-90.00°348.00

SL09-40Project: SLL

0 100 200

Siltstone1.00

Spt

Scott FrankoLogged:

60.25

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:26/11/2009George Downing Estate Drilling

30/11/2009Claim #:4225975

SL09-40Hole Number: 2Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

60

65

70

75

80

85

90

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

64.08 65.08 1.00 H348308 0.0006 0.001 8 5 0.001 0.250 1 17 2.61

65.08 65.75 0.67 H348309 0.0129 0.008 145 127 0.006 0.250 46 34765.75 66.70 0.95 H348311 0.0003 0.001 15 6 0.001 0.250 1 8

66.70 66.98 0.28 H348312 0.0134 0.009 136 165 0.003 0.250 44 40166.98 67.98 1.00 H348313 0.0006 0.001 41 16 0.001 0.500 7 39 2.64

5402448.33354278.92481.00

0.0°-90.00°348.00

SL09-40Project: SLL

0 100 200

SiltstoneTonalite

Hybrid GreyTonalite

Hybrid GreyTonaliteSiltstone

Tonalite

Siltstone

Tonalite

1.0060.25

65.0865.75

66.7066.9867.85

80.05

83.25

88.80

Spt

Fgt

Hg

FgtHgFgt

Spt

Fgt

Spt

Fgt

Scott FrankoLogged:

60.2565.08

65.7566.70

66.9867.8580.05

83.25

88.80

100.04

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:26/11/2009George Downing Estate Drilling

30/11/2009Claim #:4225975

SL09-40Hole Number: 3Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

90

95

100

105

110

115

120

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402448.33354278.92481.00

0.0°-90.00°348.00

SL09-40Project: SLL

0 100 200

Tonalite

Siltstone

Tonalite

Siltstone

88.80

100.04

101.05

105.70

Fgt

Spt

Fgt

Spt

Scott FrankoLogged:

100.04

101.05

105.70

126.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:26/11/2009George Downing Estate Drilling

30/11/2009Claim #:4225975

SL09-40Hole Number: 4Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

120

125

130

135

140

145

150

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402448.33354278.92481.00

0.0°-90.00°348.00

SL09-40Project: SLL

0 100 200

Siltstone

Tonalite

Siltstone

Sandstone

105.70

126.00

128.10

138.68

Spt

Fgt

Spt

Scott FrankoLogged:

126.00

128.10

138.68

160.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:26/11/2009George Downing Estate Drilling

30/11/2009Claim #:4225975

SL09-40Hole Number: 5Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

150

155

160

165

170

175

180

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

156.00 158.00 2.00 H348314 0.0006 0.001 5 7 0.001 0.250 3 21 2.60

158.00 160.00 2.00 H348315 0.0003 0.001 14 3 0.001 0.250 3 10

160.00 161.00 1.00 H348316 0.0154 0.014 173 102 0.003 0.250 44 245

161.00 162.00 1.00 H348317 0.0087 0.005 110 113 0.002 0.250 46 268

162.00 163.00 1.00 H348318 0.0187 0.017 140 229 0.002 0.250 56 475

163.00 164.00 1.00 H348319 0.0378 0.041 224 352 0.008 0.500 71 625

164.00 165.00 1.00 H348321 0.0280 0.031 180 298 0.004 0.250 65 596

165.00 166.00 1.00 H348322 0.0627 0.093 351 437 0.008 0.500 77 711

166.00 167.00 1.00 H348323 0.0538 0.070 272 415 0.005 0.250 78 751 3.04

167.00 168.00 1.00 H348324 0.0743 0.102 304 543 0.008 0.500 88 935

168.00 169.00 1.00 H348325 0.0345 0.040 227 381 0.004 0.500 74 696

169.00 170.00 1.00 H348326 0.0407 0.058 271 543 0.006 0.500 88 926

170.00 171.00 1.00 H348327 0.0734 0.119 416 493 0.008 0.700 86 731

171.00 172.00 1.00 H348328 0.0353 0.040 211 532 0.004 0.800 89 905

172.00 173.00 1.00 H348329 0.0721 0.079 292 568 0.008 0.250 90 893

173.00 174.00 1.00 H348331 0.0591 0.072 282 658 0.005 0.600 101 1040

174.00 175.00 1.00 H348332 0.0744 0.083 385 576 0.006 0.250 93 854

175.00 176.00 1.00 H348333 0.0451 0.045 273 427 0.004 0.250 80 710

176.00 177.00 1.00 H348334 0.0406 0.043 209 339 0.004 0.250 66 616 3.02

177.00 178.00 1.00 H348335 0.0380 0.041 208 400 0.004 0.250 73 698

178.00 179.00 1.00 H348336 0.0715 0.087 346 590 0.006 0.700 91 927

179.00 180.00 1.00 H348337 0.0648 0.067 330 388 0.007 0.250 76 617

5402448.33354278.92481.00

0.0°-90.00°348.00

SL09-40Project: SLL

0 100 200

Sandstone

Hybrid Grey

Gabbro - Melanocratic

138.68

160.00

163.04

Spt

Hg

Mgm

Scott FrankoLogged:

0.6

1.0 0.5

0.1

0.5

0.5

160.00

163.04

182.07

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:26/11/2009George Downing Estate Drilling

30/11/2009Claim #:4225975

SL09-40Hole Number: 6Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

180

185

190

195

200

205

210

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

180.00 181.00 1.00 H348338 0.0366 0.038 247 388 0.004 0.250 76 664

181.00 182.12 1.12 H348339 0.0528 0.055 354 318 0.006 0.250 66 488

182.12 183.12 1.00 H348340 0.0005 0.001 10 2 0.001 0.250 2 12

183.12 183.37 0.25 H348341 0.6480 0.870 4030 1385 0.035 2.900 93 7183.37 185.37 2.00 H348342 0.0008 0.001 5 2 0.001 0.250 2 14

185.37 187.37 2.00 H348343 0.0014 0.001 8 2 0.001 0.250 1 16 2.59

187.37 189.37 2.00 H348344 0.0003 0.001 6 1 0.001 0.250 3 12

189.37 191.37 2.00 H348345 0.0003 0.001 2 1 0.002 0.250 2 13

191.37 192.27 0.90 H348346 0.0005 0.001 2 1 0.001 0.250 3 8

192.27 193.00 0.73 H348347 0.1070 0.124 255 246 0.012 0.250 61 396193.00 194.00 1.00 H348348 0.0252 0.020 167 242 0.004 0.250 60 629

194.00 195.00 1.00 H348349 0.0597 0.064 243 543 0.005 0.250 85 879

195.00 196.00 1.00 H348351 0.0567 0.059 274 673 0.007 0.250 95 1320

196.00 197.00 1.00 H348352 0.0473 0.043 224 652 0.005 0.250 91 1640 2.96

197.00 198.00 1.00 H348353 0.0367 0.033 169 634 0.004 1.200 89 1560

198.00 198.80 0.80 H348354 0.0587 0.057 277 562 0.005 1.000 86 849

198.80 199.60 0.80 H348355 0.0008 0.001 32 2 0.001 0.250 2 9

199.60 200.65 1.05 H348356 0.4040 0.478 1530 796 0.009 2.700 48 19

200.65 202.65 2.00 H348357 0.0017 0.002 7 2 0.001 0.250 1 13

202.65 204.65 2.00 H348358 0.0008 0.001 2 1 0.001 0.250 2 9

204.65 205.85 1.20 H348359 0.0003 0.001 1 1 0.001 0.250 1 9

205.85 207.85 2.00 H348361 0.0003 0.001 1 1 0.001 0.250 2 12 2.57

207.85 209.85 2.00 H348362 0.0005 0.001 1 1 0.001 0.250 2 16

209.85 210.64 0.79 H348363 0.0154 0.012 151 111 0.003 0.800 43 288

5402448.33354278.92481.00

0.0°-90.00°348.00

SL09-40Project: SLL

0 100 200

Gabbro - Melanocratic

Hybrid GreyGranite - UndifferentiatedHybrid GreyGranite - UndifferentiatedGranite - Undifferentiated

Pyroxenite

Gabbro - Melanocratic

Granite - UndifferentiatedMixed Intrusion BrecciaGranite - Undifferentiated

Hybrid Grey

163.04

182.07182.12183.21183.25184.25

192.27

193.75

198.80

199.60

200.65

209.85

Mgm

HgFgHg

Fg

Upx

Mgm

Fg

Zib

Fg

Hg

Scott FrankoLogged:

1.0

0.1

0.6

4.5

0.5

0.1

0.5

0.5

0.5

3.0

0.1

1.0

182.07

182.12183.21183.25184.25192.27

193.75

198.80

199.60

200.65

209.85

210.62

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:26/11/2009George Downing Estate Drilling

30/11/2009Claim #:4225975

SL09-40Hole Number: 7Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

210

215

220

225

230

235

240

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

209.85 210.64 0.79 H348363 0.0154 0.012 151 111 0.003 0.800 43 288210.64 212.64 2.00 H348364 0.0010 0.004 5 2 0.001 0.250 2 13 2.73

212.64 214.64 2.00 H348365 0.0003 0.001 2 1 0.001 0.250 1 12

219.05 221.05 2.00 H348366 0.0005 0.003 1 2 0.001 0.250 2 14 2.63

221.05 223.05 2.00 H348367 0.0006 0.008 1 1 0.004 0.250 2 9

223.05 224.00 0.95 H348368 0.0819 0.088 179 300 0.006 0.250 58 547

224.00 225.00 1.00 H348369 0.0133 0.009 123 336 0.007 1.000 63 716

225.00 226.00 1.00 H348371 0.0212 0.018 134 586 0.004 0.700 87 1300

226.00 227.00 1.00 H348372 0.0278 0.021 121 638 0.003 0.250 92 1610

227.00 228.00 1.00 H348373 0.0381 0.039 192 667 0.004 0.250 94 1630

228.00 229.00 1.00 H348374 0.1030 0.102 485 868 0.011 0.800 107 1850

229.00 230.00 1.00 H348375 0.2440 0.267 772 927 0.016 0.250 107 1990

230.00 231.00 1.00 H348376 0.3170 0.355 1090 1050 0.025 0.600 116 2140 2.98

231.00 232.00 1.00 H348377 0.1540 0.164 595 865 0.013 0.250 109 1980

232.00 233.00 1.00 H348378 0.0506 0.046 199 762 0.005 0.900 103 1940

233.00 234.00 1.00 H348379 0.0974 0.104 384 825 0.008 0.900 104 1930

234.00 235.00 1.00 H348380 0.2730 0.300 1205 960 0.020 1.100 111 1810

235.00 236.00 1.00 H348381 0.3860 0.423 1970 899 0.039 1.200 100 1560

236.00 237.00 1.00 H348382 0.0638 0.061 270 717 0.007 0.900 99 1790

237.00 238.00 1.00 H348383 0.1230 0.131 533 806 0.010 0.250 103 1870

238.00 239.00 1.00 H348384 0.0367 0.029 203 746 0.004 0.250 101 2060

239.00 240.00 1.00 H348385 0.1090 0.111 564 764 0.012 0.700 102 2000

5402448.33354278.92481.00

0.0°-90.00°348.00

SL09-40Project: SLL

0 100 200

Hybrid GreySandstone

Granite - Undifferentiated

Sandstone

Pyroxenite

Gabbro - Melanocratic

209.85210.62

212.25

216.10

223.05

224.60

Hg

Sps

Fg

Sps

Upx

Mgm

Scott FrankoLogged:

1.5

6.0

1.5

0.5

1.0

0.5

1.0

5.0

1.0

210.62212.25

216.10

223.05

224.60

263.60

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:26/11/2009George Downing Estate Drilling

30/11/2009Claim #:4225975

SL09-40Hole Number: 8Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

240

245

250

255

260

265

270

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

240.00 241.00 1.00 H348386 0.0568 0.057 283 739 0.004 0.600 96 2280 2.97

241.00 242.00 1.00 H348387 0.0613 0.062 290 742 0.005 0.250 98 2230

242.00 243.00 1.00 H348388 0.6080 0.731 2820 1685 0.039 2.000 136 2310

243.00 244.00 1.00 H348389 0.8190 0.970 4070 2210 0.057 1.700 149 2300

244.00 245.00 1.00 H348391 0.1400 0.155 597 871 0.014 1.200 104 2570

245.00 246.00 1.00 H348392 0.0606 0.062 271 800 0.006 0.250 102 2040

246.00 247.00 1.00 H348393 0.3380 0.540 1975 1400 0.022 1.400 117 2020

247.00 248.00 1.00 H348394 0.1470 0.160 734 982 0.012 1.000 109 2210

248.00 249.00 1.00 H348395 0.0262 0.016 123 743 0.005 0.250 100 2060

249.00 250.00 1.00 H348396 0.0323 0.030 170 709 0.003 0.800 96 1870

250.00 251.00 1.00 H348397 0.0751 0.075 358 725 0.007 0.250 93 2050 3.07

251.00 252.00 1.00 H348398 0.0339 0.031 223 800 0.005 0.250 97 2160

252.00 253.00 1.00 H348399 0.0170 0.012 126 939 0.003 0.250 104 2830

253.00 254.00 1.00 H348401 0.0193 0.013 117 877 0.003 0.250 102 2820

254.00 255.00 1.00 H348402 0.0151 0.010 119 900 0.003 0.500 100 2740

255.00 256.00 1.00 H348403 0.0174 0.012 118 922 0.002 0.250 104 2880

256.00 257.00 1.00 H348404 0.0514 0.054 260 954 0.004 0.500 104 2860

257.00 258.00 1.00 H348405 0.0281 0.025 188 918 0.003 0.250 105 2760

258.00 259.00 1.00 H348406 0.0183 0.014 133 905 0.002 0.250 107 2860

259.00 260.00 1.00 H348407 0.0153 0.009 103 917 0.001 0.250 108 2920

260.00 261.00 1.00 H348408 0.0171 0.011 141 913 0.002 0.250 103 2560 2.96

261.00 262.00 1.00 H348409 0.0348 0.031 243 958 0.004 0.600 105 2560

262.00 263.00 1.00 H348411 0.0345 0.028 161 1085 0.004 1.400 114 3430

263.00 264.00 1.00 H348412 0.0502 0.046 183 1100 0.005 0.250 114 3650

264.00 265.00 1.00 H348413 0.0891 0.091 328 1170 0.007 0.250 118 3850

265.00 266.00 1.00 H348414 0.1075 0.113 369 1240 0.008 0.250 119 3860

266.00 267.00 1.00 H348415 0.0247 0.023 151 1175 0.002 0.250 115 3590

267.00 268.00 1.00 H348416 0.0402 0.039 185 1240 0.004 0.250 119 3600

268.00 269.00 1.00 H348417 0.0487 0.047 251 1300 0.005 0.250 122 3670

269.00 270.00 1.00 H348418 0.0124 0.010 119 1215 0.002 0.250 117 4020

5402448.33354278.92481.00

0.0°-90.00°348.00

SL09-40Project: SLL

0 100 200

Gabbro - Melanocratic

Gabbro - Melanocratic

224.60

263.60

Mgm

Scott FrankoLogged:

1.5

9.0

0.5

2.5

0.5

1.5

0.5

2.0

0.5

0.5

1.0

7.0

0.5

2.0

0.5

1.0

263.60

274.80

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:26/11/2009George Downing Estate Drilling

30/11/2009Claim #:4225975

SL09-40Hole Number: 9Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

270

275

280

285

290

295

300

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

270.00 271.00 1.00 H348419 0.0368 0.036 197 1285 0.004 0.250 119 4150 2.93

271.00 272.00 1.00 H348420 0.0234 0.019 113 1235 0.003 0.250 117 4400

272.00 273.00 1.00 H348421 0.0321 0.031 175 1310 0.004 0.250 117 4310

273.00 274.00 1.00 H348422 0.0595 0.059 239 1370 0.005 0.250 122 4770

274.00 275.00 1.00 H348423 0.0247 0.021 153 1410 0.002 0.700 123 4890

275.00 276.00 1.00 H348424 0.0066 0.005 61 1345 0.001 0.250 118 2010

276.00 277.00 1.00 H348425 0.0605 0.058 287 1385 0.005 0.250 118 3020

277.00 278.00 1.00 H348426 0.0225 0.022 96 1375 0.002 0.250 124 3540

278.00 279.00 1.00 H348427 0.0170 0.014 103 1365 0.002 0.250 118 3520

279.00 280.00 1.00 H348428 0.0506 0.048 313 1410 0.005 0.250 123 3440

280.00 281.00 1.00 H348429 0.0226 0.021 134 1360 0.003 0.250 122 3640 2.95

281.00 282.00 1.00 H348431 0.0200 0.018 124 1310 0.004 0.250 121 3560

282.00 283.00 1.00 H348432 0.0200 0.018 123 1265 0.003 0.250 117 3530

283.00 284.00 1.00 H348433 0.0216 0.020 127 1220 0.002 1.000 113 3320

284.00 285.00 1.00 H348434 0.0222 0.021 128 1195 0.002 0.250 113 3310

285.00 286.00 1.00 H348435 0.0264 0.026 168 1170 0.003 0.250 111 3060

286.00 287.00 1.00 H348436 0.0265 0.024 146 1150 0.003 0.250 110 3150

287.00 288.00 1.00 H348437 0.0163 0.014 122 1180 0.002 0.250 112 3050

288.00 289.00 1.00 H348438 0.0897 0.103 480 1195 0.008 0.900 108 2820

289.00 290.00 1.00 H348439 0.1125 0.121 520 1320 0.010 0.700 111 3050

290.00 291.00 1.00 H348441 0.0352 0.035 237 1200 0.005 0.250 114 2730 3.00

291.00 292.00 1.00 H348442 0.0190 0.016 180 1090 0.004 0.250 115 2250

292.00 293.00 1.00 H348443 0.0511 0.048 315 1105 0.008 0.800 117 1780

293.00 294.00 1.00 H348444 0.0928 0.095 538 977 0.011 0.250 102 663

294.00 295.00 1.00 H348445 0.1460 0.142 1110 1015 0.020 1.100 109 360

295.00 295.60 0.60 H348446 0.0210 0.019 171 506 0.004 0.250 111 135295.60 297.47 1.87 H348447 0.0017 0.001 87 79 0.003 0.250 50 20

297.47 299.47 2.00 H348448 0.0009 0.001 4 7 0.002 0.500 1 14

299.47 301.47 2.00 H348449 0.0008 0.001 2 5 0.003 0.500 1 13 2.59

5402448.33354278.92481.00

0.0°-90.00°348.00

SL09-40Project: SLL

0 100 200

Gabbro - Melanocratic

Gabbro - Melanocratic

Hybrid Grey

Hybrid GreyGranite - Undifferentiated

263.60

274.80

295.60

297.37297.47

Mgm

Hg

Fg

Scott FrankoLogged:

1.5

1.5

0.5

0.5

1.0

1.0

274.80

295.60

297.37

297.47307.05

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:26/11/2009George Downing Estate Drilling

30/11/2009Claim #:4225975

SL09-40Hole Number: 10Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

300

305

310

315

320

325

330

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

299.47 301.47 2.00 H348449 0.0008 0.001 2 5 0.003 0.500 1 13 2.59

5402448.33354278.92481.00

0.0°-90.00°348.00

SL09-40Project: SLL

0 100 200

Granite - Undifferentiated

Granodiorite

Tonalite

297.47

307.05

319.80

Fg

Scott FrankoLogged:

307.05

319.80

348.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:26/11/2009George Downing Estate Drilling

30/11/2009Claim #:4225975

SL09-40Hole Number: 11Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

330

335

340

345

350

355

360

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402448.33354278.92481.00

0.0°-90.00°348.00

SL09-40Project: SLL

0 100 200

Tonalite319.80

Fg

Scott FrankoLogged:

348.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:26/11/2009George Downing Estate Drilling

30/11/2009Claim #:4225975

SL09-40Hole Number: 12Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

0

5

10

15

20

25

30

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Siltstone0.00

Spt

Scott FrankoLogged:

75.40

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 1Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

30

35

40

45

50

55

60

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Siltstone0.00

Spt

Scott FrankoLogged:

75.40

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 2Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

60

65

70

75

80

85

90

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

74.40 75.40 1.00 H348451 0.0020 0.002 69 72 0.002 0.250 22 107 2.73

75.40 76.60 1.20 H348452 0.0145 0.008 147 124 0.004 0.250 40 280

76.60 77.60 1.00 H348453 0.0029 0.002 54 167 0.003 0.250 28 211

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Siltstone

Hybrid Grey

Siltstone

Tonalite

Siltstone

0.00

75.40

76.60

83.83

86.75

Spt

Hg

Spt

Fgt

Spt

Scott FrankoLogged:

75.40

76.60

83.83

86.75

101.70

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 3Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

90

95

100

105

110

115

120

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Siltstone

Tonalite

Siltstone

86.75

101.70

106.15

Spt

Fgt

Spt

Scott FrankoLogged:

101.70

106.15

127.40

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 4Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

120

125

130

135

140

145

150

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

132.08 134.08 2.00 H348454 0.0019 0.002 6 84 0.002 0.250 20 155 2.66

134.08 136.08 2.00 H348455 0.0022 0.002 8 93 0.002 0.250 21 155

136.08 137.58 1.50 H348456 0.1010 0.101 166 120 0.007 0.250 24 208

137.58 139.08 1.50 H348457 0.0015 0.001 95 23 0.002 0.250 28 36

139.08 140.54 1.46 H348458 0.0008 0.001 79 12 0.003 0.250 23 25

140.54 142.00 1.46 H348459 0.0007 0.001 36 20 0.001 0.250 25 52

142.00 143.00 1.00 H348461 0.0177 0.007 276 100 0.004 0.250 38 179 2.78

143.00 144.00 1.00 H348462 0.0120 0.003 123 112 0.002 0.250 46 321

144.00 145.00 1.00 H348463 0.0244 0.018 136 182 0.004 0.600 54 481

145.00 146.00 1.00 H348464 0.0616 0.060 197 275 0.006 0.500 64 607

146.00 147.00 1.00 H348465 0.0450 0.037 208 359 0.005 0.250 79 790

147.00 148.00 1.00 H348466 0.0558 0.049 240 302 0.005 0.500 67 626

148.00 149.00 1.00 H348467 0.0649 0.062 323 458 0.006 0.500 84 729

149.00 150.00 1.00 H348468 0.0577 0.059 272 487 0.010 0.250 85 738

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Siltstone

Sedimentary Gneiss

Hybrid Classic Red

Gabbro - Melanocratic

106.15

127.40

136.08

143.06

Spt

Hr

Mgm

Scott FrankoLogged:

1.1

1.5

0.1

0.5

0.5

1.0

0.5

127.40

136.08

143.06

226.92

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 5Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

150

155

160

165

170

175

180

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

150.00 151.00 1.00 H348469 0.0422 0.048 284 477 0.006 0.250 82 721

151.00 152.00 1.00 H348471 0.0732 0.087 389 583 0.006 0.600 83 877

152.00 153.00 1.00 H348472 0.0604 0.062 307 682 0.006 0.250 96 1320 2.85

153.00 154.00 1.00 H348473 0.0521 0.052 274 636 0.006 1.200 94 1160

154.00 155.00 1.00 H348474 0.1025 0.110 566 708 0.010 0.600 104 935

155.00 156.00 1.00 H348475 0.0561 0.053 288 731 0.006 0.250 106 1240

156.00 157.00 1.00 H348476 0.0620 0.066 314 805 0.007 0.250 116 1550

157.00 158.00 1.00 H348477 0.0839 0.084 356 722 0.009 0.250 106 1190

158.00 159.00 1.00 H348478 0.0584 0.056 265 759 0.007 0.250 109 1810

159.00 160.00 1.00 H348479 0.0385 0.038 179 619 0.005 0.250 100 1290

160.00 161.00 1.00 H348481 0.0433 0.052 208 584 0.006 0.250 94 1220

161.00 162.00 1.00 H348482 0.0705 0.078 276 659 0.008 0.500 102 1270

162.00 163.00 1.00 H348483 0.0664 0.069 276 701 0.007 0.250 109 1355 3.05

163.00 164.00 1.00 H348484 0.0454 0.043 214 610 0.006 0.250 101 1195

164.00 165.00 1.00 H348485 0.0691 0.073 284 571 0.007 0.250 94 1090

165.00 166.00 1.00 H348486 0.0559 0.060 273 583 0.006 0.250 94 1030

166.00 167.00 1.00 H348487 0.0376 0.038 191 566 0.005 0.250 94 1080

167.00 168.00 1.00 H348488 0.0572 0.053 296 583 0.007 0.250 97 1040

168.00 169.00 1.00 H348489 0.0614 0.059 331 603 0.006 0.250 98 1100

169.00 170.00 1.00 H348490 0.0491 0.045 214 372 0.005 0.250 74 812

170.00 171.00 1.00 H348491 0.0666 0.065 364 445 0.008 0.500 78 800

171.00 172.00 1.00 H348492 0.0478 0.040 199 359 0.005 0.250 74 735

172.00 173.00 1.00 H348493 0.0948 0.103 396 494 0.009 0.250 85 821 3.06

173.00 174.00 1.00 H348494 0.1270 0.142 630 626 0.013 0.250 91 927

174.00 175.00 1.00 H348495 0.0858 0.086 434 587 0.007 0.700 94 977

175.00 176.00 1.00 H348496 0.1135 0.121 507 559 0.011 0.600 86 871

176.00 177.00 1.00 H348497 0.1040 0.105 455 577 0.009 0.250 86 904

177.00 178.00 1.00 H348498 0.0590 0.064 312 566 0.006 0.250 98 1020

178.00 179.00 1.00 H348499 0.0872 0.095 419 555 0.009 0.250 87 847

179.00 180.00 1.00 H348501 0.0916 0.101 452 564 0.009 0.250 87 863

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Gabbro - Melanocratic

143.06

Mgm

Scott FrankoLogged:

1.5 0.5 1.0226.92

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 6Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

180

185

190

195

200

205

210

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

180.00 181.00 1.00 H348502 0.0540 0.054 271 510 0.007 0.250 86 928

181.00 182.00 1.00 H348503 0.0574 0.057 252 546 0.008 0.250 92 1000

182.00 183.00 1.00 H348504 0.2280 0.254 962 947 0.022 0.250 117 1170 3.06

183.00 184.00 1.00 H348505 0.1470 0.170 762 659 0.016 0.250 94 1040

184.00 185.00 1.00 H348506 0.1595 0.193 709 683 0.017 0.250 97 1040

185.00 186.00 1.00 H348507 0.0944 0.125 491 666 0.011 0.250 98 1000

186.00 187.00 1.00 H348508 0.1090 0.138 510 712 0.012 0.250 101 968

187.00 188.00 1.00 H348509 0.0766 0.089 393 651 0.009 0.250 97 1010

188.00 189.00 1.00 H348511 0.0866 0.110 417 773 0.010 0.250 109 1120

189.00 190.00 1.00 H348512 0.0656 0.078 303 771 0.008 0.250 108 1200

190.00 191.00 1.00 H348513 0.1205 0.160 574 790 0.014 0.250 109 1100

191.00 192.00 1.00 H348514 0.1535 0.190 710 896 0.016 0.250 114 1150

192.00 193.00 1.00 H348515 0.1280 0.160 632 938 0.014 0.250 121 1200 3.06

193.00 194.00 1.00 H348516 0.1040 0.119 487 794 0.011 0.500 108 1140

194.00 195.00 1.00 H348517 0.1670 0.215 776 1050 0.018 0.250 129 1340

195.00 196.00 1.00 H348518 0.2320 0.281 1120 1130 0.025 0.500 136 1225

196.00 197.00 1.00 H348519 0.3600 0.464 1800 1430 0.037 1.000 152 1305

197.00 198.00 1.00 H348521 0.1855 0.230 947 979 0.021 0.250 123 1035

198.00 199.00 1.00 H348522 0.1125 0.137 498 922 0.016 0.250 122 1010

199.00 200.00 1.00 H348523 0.1220 0.138 488 938 0.012 0.250 120 1090

200.00 201.00 1.00 H348524 0.1460 0.173 564 833 0.015 0.250 114 1020

201.00 202.00 1.00 H348525 0.2130 0.250 854 1010 0.021 0.250 119 1040

202.00 203.00 1.00 H348526 0.0778 0.083 301 894 0.008 0.250 118 1110 3.03

203.00 204.00 1.00 H348527 0.1130 0.138 457 881 0.012 0.250 117 1060

204.00 205.00 1.00 H348528 0.0980 0.110 368 955 0.011 0.250 123 1160

205.00 206.00 1.00 H348529 0.0950 0.117 396 959 0.011 0.250 126 1180

206.00 207.00 1.00 H348530 0.0846 0.094 281 898 0.008 0.250 119 1100

207.00 208.00 1.00 H348531 0.0880 0.104 368 960 0.010 0.250 122 1180

208.00 209.00 1.00 H348532 0.0929 0.109 386 1070 0.010 0.250 127 1160

209.00 210.00 1.00 H348533 0.0806 0.085 278 1010 0.008 0.250 124 1210

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Gabbro - Melanocratic

143.06

Mgm

Scott FrankoLogged:

1.5

3.9

1.1

6.0

1.1

0.5

0.9

0.1

1.0

0.1

1.0

3.0

1.0

5.0

1.0

226.92

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 7Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

210

215

220

225

230

235

240

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

210.00 211.00 1.00 H348534 0.0632 0.073 246 972 0.008 0.250 123 1260

211.00 212.00 1.00 H348535 0.0814 0.089 257 982 0.009 0.250 124 1230

212.00 213.00 1.00 H348536 0.0661 0.081 273 1030 0.007 0.250 129 1260 3.03

213.00 214.00 1.00 H348537 0.0576 0.067 245 1030 0.006 0.250 126 1260

214.00 215.00 1.00 H348538 0.1425 0.163 425 1090 0.012 0.250 128 1330

215.00 216.00 1.00 H348539 0.1980 0.221 641 1150 0.015 0.250 126 1420

216.00 217.00 1.00 H348541 0.2880 0.337 1130 1180 0.027 0.800 132 1390

217.00 218.00 1.00 H348542 0.1605 0.177 573 1030 0.016 0.250 119 1570

218.00 219.00 1.00 H348543 0.1490 0.164 597 990 0.015 0.500 114 1830

219.00 220.00 1.00 H348544 0.1825 0.200 574 980 0.016 0.250 114 1550

220.00 221.00 1.00 H348545 0.6820 0.807 2970 1560 0.064 1.900 141 1740 3.01

221.00 222.00 1.00 H348546 0.9200 1.160 4740 2070 0.100 2.700 175 1300 3.08

222.00 223.00 1.00 H348547 0.8180 0.977 3890 2240 0.068 2.000 184 1660 3.07

223.00 224.00 1.00 H348548 0.4260 0.510 2250 1710 0.039 1.200 154 1840 3.04

224.00 225.00 1.00 H348549 0.7920 0.957 4190 2560 0.064 2.700 204 2690 3.07

225.00 226.00 1.00 H348551 0.8310 0.998 4350 2410 0.073 2.600 183 3390 3.02

226.00 227.00 1.00 H348552 1.6300 1.940 8070 3750 0.130 3.900 260 2690 3.15

227.00 228.00 1.00 H348553 2.7100 3.690 13100 6480 0.160 4.700 345 1120 3.06

228.00 229.12 1.12 H348554 2.1700 2.700 9590 4520 0.100 4.400 301 1230 3.53

229.12 230.12 1.00 H348555 0.2770 0.301 1265 1180 0.031 0.700 110 2940 2.97

230.12 230.77 0.65 H348556 1.3100 1.530 6970 2910 0.140 2.100 170 1490 2.91230.77 231.77 1.00 H348557 0.2400 0.245 908 1160 0.034 0.700 110 3170 2.96

231.77 232.25 0.48 H348558 3.3300 4.230 17600 6480 0.120 5.900 324 961 2.90232.25 233.00 0.75 H348560 0.7700 0.844 2800 1110 0.092 2.600 115 774 3.07233.00 234.00 1.00 H348561 1.4100 1.580 4780 1540 0.130 3.400 123 575 3.07

234.00 235.00 1.00 H348562 0.4210 0.457 1555 820 0.034 1.000 94 622

235.00 236.00 1.00 H348563 0.3490 0.376 1295 736 0.037 0.900 93 869

236.00 237.00 1.00 H348564 0.1140 0.120 455 580 0.017 0.500 89 968

237.00 238.00 1.00 H348565 0.0964 0.098 449 564 0.010 0.250 87 761

238.00 239.00 1.00 H348566 0.0763 0.074 356 559 0.010 0.250 88 771

239.00 240.00 1.00 H348567 0.1640 0.181 836 771 0.019 0.250 101 860

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Gabbro - Melanocratic

Gabbro - Noritic

Gabbro - MelanocraticGabbro - NoriticGabbro - MelanocraticGabbro - NoriticGabbro - Melanocratic

143.06

226.92

229.12

230.23230.75

231.82232.25

Mgm

Mgn

Mgm

Mgn

MgmMgn

Mgm

Scott FrankoLogged:

1.1

6.0

9.0

1.1

4.0

9.0

23.0

37.0

1.0

37.01.0

37.06.0

2.5

1.0

0.1

1.0

2.0

0.1

1.0

2.0

3.0

7.0

7.0

7.01.0

0.5

1.0

5.0

7.0

1.0

3.0

7.0

20.0

20.0

1.0

20.01.0

20.05.0

2.0

1.0

10.0

10.0

10.0

226.92

229.12

230.23

230.75231.82

232.25258.20

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 8Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

240

245

250

255

260

265

270

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

240.00 241.00 1.00 H348568 0.2410 0.264 1230 1105 0.025 0.500 123 1550

241.00 242.00 1.00 H348569 0.1275 0.142 667 959 0.016 0.250 108 1810

242.00 243.00 1.00 H348570 0.2370 0.185 489 786 0.023 0.250 92 1590

243.00 244.00 1.00 H348571 0.0295 0.026 194 751 0.005 0.250 97 1740 3.05

244.00 245.00 1.00 H348572 0.0743 0.074 399 839 0.009 0.250 102 2040

245.00 246.00 1.00 H348573 0.2450 0.270 1075 1175 0.025 0.250 118 1980

246.00 247.00 1.00 H348574 0.1905 0.209 963 983 0.021 0.500 96 1850

247.00 248.00 1.00 H348575 0.1170 0.125 514 786 0.014 0.250 90 1900

248.00 249.00 1.00 H348576 0.1155 0.131 556 743 0.012 0.250 85 1790

249.00 250.00 1.00 H348577 0.1530 0.175 761 984 0.016 0.500 102 1460

250.00 251.00 1.00 H348578 0.2170 0.253 1030 1085 0.020 0.250 103 2300

251.00 252.00 1.00 H348579 0.4990 0.579 2530 1460 0.047 1.000 107 1990

252.00 253.00 1.00 H348581 0.4430 0.498 2160 1310 0.047 0.900 110 2630

253.00 254.00 1.00 H348582 0.8170 0.941 4200 2300 0.086 2.400 152 2710 2.93

254.00 255.00 1.00 H348583 0.7780 0.902 4130 2220 0.076 2.000 153 2690

255.00 256.00 1.00 H348584 0.4750 0.546 2460 1380 0.049 1.100 114 2360

256.00 257.00 1.00 H348585 0.2030 0.227 1080 926 0.022 0.250 95 1560

257.00 258.20 1.20 H348586 0.2100 0.236 1040 939 0.023 0.250 94 1650

258.20 260.00 1.80 H348587 0.0536 0.057 162 110 0.004 0.250 31 121

260.00 262.00 2.00 H348588 0.0029 0.003 11 66 0.002 0.250 18 131

262.00 263.00 1.00 H348589 0.0853 0.090 220 200 0.008 0.250 54 322

263.00 264.00 1.00 H348591 0.0215 0.016 170 363 0.005 0.250 65 912 2.98

264.00 265.00 1.00 H348592 0.0380 0.034 168 617 0.005 0.250 83 1700

265.00 266.00 1.00 H348593 0.0315 0.028 183 574 0.005 0.250 79 1500

266.00 267.00 1.00 H348594 0.0408 0.040 216 647 0.005 0.250 85 1820

267.00 268.20 1.20 H348595 0.0287 0.025 209 598 0.005 0.250 81 1700

268.20 269.00 0.80 H348596 0.0078 0.007 251 78 0.002 0.250 22 136

269.00 270.00 1.00 H348597 0.0134 0.011 24 157 0.003 0.250 37 291

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Gabbro - Melanocratic

Sandstone to Siltstone

Gabbro - Melanocratic

Siltstone

Hybrid GreyFelsic Intrusive, UndividedSiltstone

232.25

258.20

262.00

268.20

269.20269.90269.95

Mgm

SSS

Mgm

Spt

HgFiSpt

Scott FrankoLogged:

1.0

5.8

4.8

2.6

1.0

0.9

0.9

0.1

1.0

4.0

3.0

2.0

0.5

0.9

0.9

0.5

0.5

258.20

262.00

268.20

269.20

269.90269.95325.12

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 9Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

270

275

280

285

290

295

300

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

270.00 272.00 2.00 H348598 0.0022 0.002 14 69 0.001 0.250 16 126

272.00 274.00 2.00 H348599 0.0039 0.004 22 82 0.002 0.250 19 140 2.69

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Siltstone269.95

Spt

Scott FrankoLogged:

325.12

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 10Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

300

305

310

315

320

325

330

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

321.12 323.12 2.00 H348601 0.0058 0.007 82 327 0.002 0.250 38 485 2.91

323.12 325.12 2.00 H348602 0.0118 0.013 125 370 0.002 0.250 38 652

325.12 326.00 0.88 H348603 0.0083 0.008 85 336 0.002 0.250 42 664

326.00 328.00 2.00 H348604 0.0088 0.008 97 353 0.002 0.250 47 676

328.00 330.00 2.00 H348605 0.0192 0.020 145 555 0.003 0.250 53 857

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Siltstone

Hybrid Grey

269.95

325.12

Spt

Hg

Scott FrankoLogged:

325.12

331.80

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 11Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

330

335

340

345

350

355

360

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

330.00 331.80 1.80 H348606 0.0132 0.014 103 562 0.002 0.250 55 977

331.80 333.00 1.20 H348607 0.0320 0.026 186 761 0.004 0.250 99 1660 2.97

333.00 334.00 1.00 H348608 0.2380 0.119 134 721 0.023 0.250 97 1540

334.00 335.00 1.00 H348609 0.0377 0.034 165 807 0.005 0.250 105 1720

335.00 336.00 1.00 H348610 0.0299 0.027 156 830 0.004 0.250 108 1860

336.00 337.00 1.00 H348611 0.0298 0.025 128 851 0.003 0.250 112 1680

337.00 338.00 1.00 H348612 0.0567 0.055 315 1165 0.007 0.250 124 2890

338.00 339.00 1.00 H348613 0.0589 0.056 271 1140 0.007 0.250 121 2850

339.00 340.00 1.00 H348614 0.0357 0.036 149 983 0.004 0.250 116 2330

340.00 341.00 1.00 H348615 0.0698 0.072 431 1210 0.008 0.250 125 2860

341.00 342.00 1.00 H348616 0.0658 0.063 347 1190 0.007 0.250 126 3010 2.95

342.00 342.70 0.70 H348617 0.0523 0.051 302 1105 0.006 0.250 111 2540342.70 343.70 1.00 H348618 0.0117 0.012 109 771 0.002 0.250 70 1400

343.70 344.70 1.00 H348619 0.0197 0.019 52 860 0.003 0.250 99 1280

344.70 345.25 0.55 H348621 0.0146 0.013 600 782 0.005 0.250 58 1070345.25 346.00 0.75 H348622 0.0143 0.009 284 633 0.006 0.250 63 1410346.00 347.00 1.00 H348623 0.0393 0.019 224 1015 0.010 0.250 106 2250

347.00 348.00 1.00 H348624 0.0437 0.024 137 1365 0.005 0.250 132 3120

348.00 349.00 1.00 H348625 0.0179 0.010 92 1405 0.003 0.250 132 3250

349.00 350.00 1.00 H348626 0.0137 0.009 95 1430 0.003 0.250 134 3720

350.00 351.00 1.00 H348627 0.0321 0.028 123 1435 0.005 0.250 132 3630

351.00 352.00 1.00 H348628 0.0164 0.012 111 1405 0.003 0.250 130 3810 2.87

352.00 353.00 1.00 H348629 0.0194 0.017 102 1455 0.003 0.250 133 3510

353.00 354.00 1.00 H348631 0.0176 0.013 92 1435 0.004 0.250 133 3580

354.00 355.00 1.00 H348632 0.0186 0.015 92 1460 0.003 0.250 134 3510

355.00 356.00 1.00 H348633 0.0115 0.008 91 1420 0.003 0.250 132 3610

356.00 357.00 1.00 H348634 0.0160 0.011 96 1440 0.003 0.250 132 3580

357.00 358.00 1.00 H348635 0.0115 0.008 102 1435 0.004 0.250 130 3540

358.00 359.00 1.00 H348636 0.0189 0.014 112 1430 0.003 0.250 130 3490

359.00 360.00 1.00 H348637 0.0169 0.011 113 1500 0.003 0.250 130 3750

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Hybrid Grey

Gabbro - Melanocratic

Siltstone

Gabbro - MelanocraticHybrid GreyHybrid GreyGabbro - Melanocratic

Peridotite

325.12

331.80

342.70

343.70

344.70345.25345.75

348.55

Hg

Mgm

Spt

Mgm

Hg

Mgm

Upd

Scott FrankoLogged:

331.80

342.70

343.70

344.70

345.25345.75348.55

362.83

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 12Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

360

365

370

375

380

385

390

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

360.00 361.00 1.00 H348638 0.0346 0.028 143 1475 0.005 0.250 123 3570

361.00 362.00 1.00 H348639 0.0143 0.010 105 1465 0.002 0.250 126 3830 2.95

362.00 363.00 1.00 H348641 0.0254 0.021 149 1485 0.006 0.250 124 3800

363.00 364.00 1.00 H348642 0.0110 0.008 97 1425 0.003 0.250 121 3700

364.00 365.00 1.00 H348643 0.0112 0.007 90 1445 0.003 0.250 122 3740

365.00 366.00 1.00 H348644 0.0136 0.010 95 1395 0.004 0.250 122 3640

366.00 367.00 1.00 H348645 0.0080 0.004 87 1370 0.003 0.250 117 3340

367.00 368.00 1.00 H348646 0.0185 0.016 128 1495 0.004 0.250 123 3570

368.00 369.00 1.00 H348647 0.0142 0.009 93 1475 0.003 0.250 119 3660

369.00 370.00 1.00 H348648 0.0247 0.020 147 1500 0.005 0.250 122 3630

370.00 371.00 1.00 H348649 0.0519 0.047 268 1485 0.009 0.250 119 3500

371.00 372.00 1.00 H348650 0.0208 0.016 140 1370 0.005 0.250 114 3380 2.86

372.00 373.00 1.00 H348651 0.0224 0.019 153 1415 0.004 0.250 118 3430

373.00 374.00 1.00 H348652 0.0240 0.021 154 1360 0.004 0.250 115 3500

374.00 375.00 1.00 H348653 0.0314 0.030 212 1355 0.005 0.250 114 3260

375.00 376.00 1.00 H348654 0.0194 0.016 132 1255 0.004 0.250 111 3160

376.00 377.00 1.00 H348655 0.0162 0.013 133 1200 0.004 0.250 110 2850

377.00 378.00 1.00 H348656 0.0172 0.014 143 1090 0.004 0.250 107 2620

378.00 379.00 1.00 H348657 0.0144 0.013 165 993 0.003 0.250 103 1940

379.00 380.00 1.00 H348658 0.0066 0.004 121 882 0.003 0.250 100 1280

380.00 380.50 0.50 H348659 0.0113 0.011 251 834 0.003 0.250 97 935380.50 381.25 0.75 H348661 0.0075 0.009 237 199 0.003 0.700 52 24381.25 383.25 2.00 H348662 0.0015 0.002 28 69 0.003 0.250 20 122 2.68

383.25 385.25 2.00 H348663 0.0016 0.002 25 66 0.002 0.250 18 106

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Peridotite

Gabbro - Melanocratic

Hybrid GreyHybrid GreySiltstone

348.55

362.83

380.50381.16381.25

Upd

Mgm

Hg

Spt

Scott FrankoLogged:

0.6 0.1 0.5

362.83

380.50

381.16381.25441.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 13Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

390

395

400

405

410

415

420

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Siltstone381.25

Spt

Scott FrankoLogged:

441.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 14Page

% %

Hole Number: Magma Metals (Canada) Ltd.

Drill Hole Logs

Coordinates (NAD 83, Zone 16)Northing:Easting:Elevation:

Azimuth:Dip:Final Depth:

420

425

430

435

440

445

450

m m m ppm ppm ppm ppm ppm ppm ppm ppm ppmFrom To Interval Sample Pt Pd Cu Ni Au Ag Co Cr SG

5402336.81354308.31481.97

0.0°-90.00°441.00

SL09-41Project: SLL

0 100 200

Siltstone381.25

Spt

Scott FrankoLogged:

441.00

0 2 4 6 8 10Pt + Pd (ppm)Magsus Sulphide

%Cpy Po Py%

LithologyFrom m To m Code Rock description

Start Date:Drill Company:

End Date:03/12/2009George Downing Estate Drilling

10/12/2009Claim #:4225975

SL09-41Hole Number: 15Page

% %

--- Magma Metals (Canada) Limited – Phase Three and Four Drilling, Beaver Lake Project, 2008 ---

Appendix 2

Certificates of Analysis

ALS CODE DESCRIPTION

SAMPLE PREPARATION

WEI-21 Received Sample WeightLOG-21d Sample logging - ClientBarCode DupDRY-21 High Temperature DryingSPL-21d Split sample - duplicatePUL-31d Pulverize Split - duplicateSPL-34 Pulp Splitting ChargeLOG-22 Sample login - Rcd w/o BarCodeCRU-31 Fine crushing - 70% <2mmSPL-21 Split sample - riffle splitterPUL-31 Pulverize split to 85% <75 umLOG-23 Pulp Login - Rcvd with BarcodePUL-QC Pulverizing QC TestCRU-QC Crushing QC Test

ALS CODE DESCRIPTION INSTRUMENT

ANALYTICAL PROCEDURES

PGM-MS23 ICP-MSPt, Pd, Au 30g FA ICP-MSPGM-ICP27 ICP-AESOre grade Pt, Pd and Au by ICPME-ICP61 ICP-AES33 element four acid ICP-AES

CERTIFICATE TB09122631

This report is for 85 Drill Core samples submitted to our lab in Thunder Bay, ON, Canada on 30-OCT-2009.

Project: SD09-216 SLP.O. No.:

The following have access to data associated with this certificate:JUSTIN JOHNSON ALLAN MACTAVISH MGMAM DATA SUPPORTKEITH WATKINS

MAGMA METALS (CANADA) LIMITEDATTN: MGMAM DATA SUPPORTP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Page: 1Finalized Date: 9-NOV-2009

Account: MGMAM

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature:

Colin Ramshaw, Vancouver Laboratory Manager

ALS Chemex

Page: 2 - ATotal # Pages: 4 (A - C)

Finalized Date: 9-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-216 SL

CERTIFICATE OF ANALYSIS TB09122631

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

E588453 1.14 1.4 3.44 <5 170 0.7 <2 4.53 <0.5 116 1140 909 10.10 10 0.54H347701 3.17 0.7 5.43 8 420 1.3 <2 0.15 <0.5 1 11 5 0.86 10 5.02H347702 4.14 0.8 5.91 18 420 1.3 <2 0.12 <0.5 2 7 3 1.15 20 5.10H347703 3.51 <0.5 5.99 <5 560 1.5 <2 0.12 <0.5 1 11 3 0.93 20 5.46H347703 CRD 0.02 <0.5 5.85 <5 550 1.5 <2 0.12 <0.5 1 10 2 0.92 20 5.66

H347704 3.67 <0.5 6.40 6 830 1.2 <2 0.17 <0.5 1 6 2 1.16 20 4.83H347705 3.44 <0.5 6.40 <5 840 1.2 <2 0.16 <0.5 2 8 4 1.29 20 6.05H347706 3.62 <0.5 4.85 8 630 1.0 <2 0.14 <0.5 2 17 24 1.29 10 4.95H347707 3.51 <0.5 3.23 11 370 0.7 <2 0.10 <0.5 4 27 24 1.28 10 3.04H347708 1.32 0.7 6.19 74 210 1.6 <2 4.27 <0.5 40 199 185 6.83 20 1.09

H347709 2.46 0.6 5.58 10 570 1.3 <2 6.43 <0.5 46 255 141 8.11 20 0.79H347710 0.12 0.8 6.83 7 60 <0.5 <2 4.94 <0.5 83 3860 673 6.40 10 0.16H347711 2.14 0.5 5.59 9 240 1.3 <2 6.62 <0.5 50 321 137 8.23 20 0.66H347712 2.44 0.7 5.10 6 190 1.1 <2 5.36 <0.5 46 279 257 7.76 10 0.66H347713 2.80 0.9 5.03 8 190 1.2 <2 6.49 <0.5 51 373 371 8.09 10 0.69

H347714 2.40 0.6 5.44 8 250 1.3 <2 6.34 <0.5 46 274 176 7.98 20 0.79H347715 2.96 0.6 5.61 10 260 1.3 2 7.03 <0.5 49 300 137 8.34 10 0.72H347716 2.27 0.5 5.07 9 210 1.2 3 6.67 <0.5 48 346 128 7.88 20 0.56H347717 2.30 <0.5 4.79 6 200 1.1 2 7.23 <0.5 53 418 160 7.87 10 0.56H347718 2.47 0.5 4.97 15 210 1.1 2 7.32 <0.5 53 450 121 8.12 10 0.52

H347719 2.51 0.7 4.84 12 180 1.1 <2 7.44 <0.5 50 461 124 7.96 20 0.47H347720 0.09 <0.5 6.09 <5 880 0.9 <2 1.31 <0.5 2 22 11 1.49 10 2.02H347721 2.36 <0.5 4.55 15 160 0.9 <2 7.74 <0.5 59 502 166 8.09 10 0.42H347722 2.54 0.5 4.34 6 160 0.9 2 7.52 <0.5 54 510 158 7.99 10 0.41H347723 2.84 <0.5 4.20 13 150 0.9 <2 7.61 <0.5 60 535 131 8.27 10 0.37

H347723 CRD <0.02 0.6 4.26 <5 150 0.8 <2 7.61 <0.5 58 533 129 8.22 10 0.37H347724 2.93 0.7 3.96 10 210 0.8 <2 7.02 <0.5 70 590 279 8.47 10 0.47H347725 2.47 <0.5 3.71 8 200 0.8 <2 5.97 <0.5 84 575 486 8.86 10 0.48H347726 2.81 0.9 3.77 11 210 0.8 3 6.20 <0.5 85 635 300 9.14 10 0.58H347727 2.75 0.5 3.83 16 180 0.9 <2 6.12 <0.5 89 660 270 9.48 10 0.56

H347728 2.66 <0.5 3.74 5 240 0.8 <2 6.06 <0.5 88 664 201 9.47 10 0.65H347729 2.85 0.9 3.74 9 260 0.8 <2 5.90 <0.5 84 694 188 9.05 10 0.66H347730 0.11 1.4 8.70 7 70 <0.5 <2 6.88 <0.5 106 445 3470 6.40 10 0.39H347731 2.97 0.7 3.65 <5 260 0.8 <2 6.27 <0.5 79 682 381 8.56 10 0.55H347732 2.98 <0.5 3.53 10 210 0.8 <2 6.42 <0.5 84 754 330 8.83 10 0.49

H347733 2.75 0.8 3.64 8 200 0.8 <2 6.92 <0.5 75 678 361 8.53 10 0.55H347734 2.54 0.5 3.82 9 190 0.8 <2 7.37 <0.5 69 647 343 8.28 10 0.56H347735 2.91 0.5 3.73 <5 210 0.9 <2 6.04 <0.5 88 915 756 9.57 10 0.58H347736 2.80 0.8 3.48 9 170 0.8 <2 5.91 <0.5 98 975 690 9.98 10 0.51H347737 2.89 0.5 3.68 19 150 0.8 <2 6.00 <0.5 85 791 490 8.85 10 0.58

Page: 2 - BTotal # Pages: 4 (A - C)

Finalized Date: 9-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-216 SL

CERTIFICATE OF ANALYSIS TB09122631

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

E588453 20 11.90 1465 <1 0.92 922 850 <2 0.52 <5 21 431 <20 0.86 <10H347701 20 0.50 94 <1 0.43 5 340 9 0.24 <5 2 56 20 0.06 <10H347702 20 0.60 121 <1 0.33 2 290 14 0.42 5 2 60 <20 0.04 <10H347703 20 0.46 91 <1 0.45 12 350 7 0.28 5 3 56 20 0.07 <10H347703 CRD 20 0.45 90 <1 0.43 11 360 3 0.29 <5 3 55 20 0.07 <10

H347704 40 0.52 94 <1 0.19 1 620 3 0.34 <5 3 63 30 0.14 <10H347705 40 0.61 96 <1 0.15 3 580 <2 0.36 <5 3 60 30 0.14 <10H347706 20 0.63 99 <1 0.11 8 450 3 0.33 <5 3 44 20 0.12 <10H347707 20 0.61 87 3 0.14 12 310 3 0.42 <5 3 29 <20 0.11 <10H347708 30 3.39 1375 <1 2.07 69 1380 247 0.33 7 25 422 <20 1.29 <10

H347709 30 4.73 1475 <1 1.76 92 1370 19 0.06 6 29 594 <20 1.39 <10H347710 <10 9.93 1165 <1 0.80 1480 170 4 0.33 21 19 192 <20 0.12 <10H347711 30 5.36 1430 <1 1.78 110 1330 9 0.21 <5 32 589 <20 1.40 <10H347712 30 5.21 1360 <1 1.81 129 1130 9 0.47 <5 28 407 <20 1.23 <10H347713 30 5.53 1400 <1 1.70 173 1230 4 0.27 7 32 465 <20 1.23 <10

H347714 30 4.60 1275 <1 1.72 98 1340 3 0.03 <5 29 611 <20 1.37 <10H347715 30 4.87 1320 <1 1.88 107 1360 4 0.10 10 31 658 <20 1.40 <10H347716 30 5.32 1240 <1 1.70 111 1220 3 0.22 <5 32 557 <20 1.28 <10H347717 20 6.00 1345 <1 1.59 147 1110 <2 0.16 8 36 466 <20 1.21 <10H347718 20 6.00 1310 <1 1.58 131 1120 5 0.33 <5 37 532 <20 1.29 <10

H347719 20 6.10 1295 <1 1.56 137 1150 4 0.08 <5 36 537 <20 1.22 <10H347720 10 0.20 534 <1 2.58 3 180 6 <0.01 5 4 170 <20 0.11 <10H347721 20 6.59 1325 <1 1.40 166 1130 <2 0.11 7 37 479 <20 1.18 <10H347722 20 6.74 1270 <1 1.29 177 1030 <2 0.05 6 36 433 <20 1.15 <10H347723 20 7.13 1275 <1 1.17 202 1010 6 0.06 5 35 443 <20 1.13 <10

H347723 CRD 20 7.15 1270 <1 1.16 201 1000 8 0.06 6 35 438 <20 1.08 <10H347724 20 7.58 1330 <1 1.11 305 930 <2 0.12 6 33 458 <20 1.03 <10H347725 20 8.78 1320 <1 0.93 473 910 2 0.23 5 29 409 <20 0.96 <10H347726 20 9.29 1410 <1 1.01 442 930 3 0.18 5 30 410 <20 0.99 <10H347727 20 10.30 1470 <1 0.89 453 930 <2 0.23 <5 30 360 <20 1.01 <10

H347728 20 9.91 1475 <1 0.91 447 950 2 0.11 <5 29 399 <20 0.98 <10H347729 20 9.30 1410 <1 0.91 417 940 2 0.09 5 28 415 <20 1.00 <10H347730 <10 6.08 824 <1 1.11 3130 90 3 1.67 10 16 85 <20 0.12 <10H347731 20 8.65 1370 <1 0.97 406 830 3 0.15 <5 30 390 <20 0.92 <10H347732 20 9.51 1415 <1 0.81 439 880 <2 0.25 5 31 349 <20 0.93 <10

H347733 20 8.66 1370 <1 0.90 379 860 2 0.15 8 33 402 <20 0.94 <10H347734 20 7.76 1340 <1 1.06 333 880 3 0.23 5 35 426 <20 0.99 <10H347735 20 9.35 1465 <1 1.06 573 940 <2 0.28 5 28 442 <20 0.97 <10H347736 20 10.20 1500 <1 0.91 646 860 3 0.65 7 28 407 <20 0.92 <10H347737 20 9.26 1365 <1 0.92 527 820 2 0.64 <5 29 403 <20 0.89 <10

Page: 2 - CTotal # Pages: 4 (A - C)

Finalized Date: 9-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-216 SL

CERTIFICATE OF ANALYSIS TB09122631

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

E588453 <10 184 <10 106 0.018 0.1835 0.204H347701 <10 10 <10 3 0.002 0.0006 <0.001H347702 <10 7 <10 3 0.002 0.0006 <0.001H347703 <10 7 <10 3 0.001 0.0017 <0.001H347703 CRD 10 7 <10 2 0.001 <0.0005 <0.001

H347704 <10 13 <10 4 0.001 <0.0005 <0.001H347705 <10 15 <10 5 0.001 0.0014 0.001H347706 <10 14 <10 18 0.001 0.0030 0.004H347707 <10 16 <10 18 0.001 0.0060 0.007H347708 <10 247 <10 150 0.004 0.0127 0.007

H347709 <10 274 <10 123 0.003 0.0131 0.005H347710 <10 116 <10 300 0.117 >1.00 0.560 0.10 1.22 0.56H347711 <10 288 <10 128 0.003 0.0147 0.004H347712 <10 255 10 97 0.005 0.0151 0.006H347713 <10 259 <10 90 0.006 0.0248 0.010

H347714 <10 267 <10 101 0.004 0.0129 0.008H347715 <10 277 <10 95 0.003 0.0159 0.006H347716 <10 271 10 89 0.003 0.0167 0.004H347717 <10 266 <10 138 0.003 0.0287 0.028H347718 <10 292 <10 144 0.004 0.0159 0.004

H347719 <10 271 <10 89 0.003 0.0142 0.004H347720 10 15 <10 26 0.001 <0.0005 <0.001H347721 <10 260 <10 69 0.004 0.0237 0.011H347722 <10 258 <10 105 0.005 0.0306 0.025H347723 <10 252 <10 231 0.003 0.0230 0.010

H347723 CRD <10 241 <10 209 0.004 0.0241 0.013H347724 <10 235 <10 93 0.007 0.0582 0.054H347725 <10 212 <10 99 0.010 0.0840 0.095H347726 <10 221 <10 106 0.007 0.0462 0.050H347727 <10 226 10 160 0.006 0.0418 0.041

H347728 <10 219 <10 125 0.005 0.0335 0.030H347729 <10 218 <10 107 0.004 0.0311 0.029H347730 <10 79 <10 69 0.062 0.1950 0.703H347731 <10 210 <10 105 0.009 0.0678 0.066H347732 <10 217 <10 101 0.007 0.0606 0.063

H347733 <10 222 <10 92 0.006 0.0507 0.049H347734 <10 242 <10 89 0.007 0.0653 0.069H347735 <10 219 <10 107 0.014 0.1300 0.148H347736 <10 216 10 106 0.014 0.1395 0.167H347737 <10 215 <10 96 0.010 0.1020 0.122

Page: 3 - ATotal # Pages: 4 (A - C)

Finalized Date: 9-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-216 SL

CERTIFICATE OF ANALYSIS TB09122631

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H347738 2.33 0.7 2.95 6 150 0.6 <2 4.70 <0.5 82 792 1045 7.91 10 0.45H347739 2.57 0.7 3.83 11 190 0.8 <2 6.36 <0.5 89 834 467 9.46 10 0.62H347740 1.28 1.3 3.43 11 170 0.8 <2 4.49 <0.5 110 1120 794 10.00 10 0.53H347741 2.56 0.7 3.38 <5 160 0.7 <2 5.68 <0.5 94 1040 445 9.67 10 0.49H347742 2.66 0.6 3.60 <5 170 0.7 <2 5.79 <0.5 92 905 465 9.23 10 0.48

H347743 2.76 0.5 3.74 9 180 0.7 <2 6.23 <0.5 82 698 315 8.97 10 0.53H347743 CRD 0.02 <0.5 3.68 7 180 0.8 <2 6.26 <0.5 81 712 328 8.90 10 0.54H347744 2.97 0.5 3.90 7 210 0.8 <2 6.24 <0.5 86 766 343 9.34 10 0.59H347745 2.73 0.5 3.58 9 180 0.8 <2 5.85 <0.5 85 772 368 8.63 10 0.54H347746 2.73 0.6 3.78 7 160 0.8 <2 6.31 <0.5 75 725 399 8.04 10 0.60

H347747 2.71 0.6 3.89 12 190 0.9 <2 6.23 <0.5 80 735 601 7.96 10 0.65H347748 2.76 0.7 3.73 8 190 0.8 <2 4.93 <0.5 90 807 630 8.79 10 0.54H347749 2.81 1.2 2.86 11 150 0.6 <2 3.06 <0.5 133 1110 910 10.40 10 0.37H347750 0.10 0.9 7.76 976 260 <0.5 <2 5.33 <0.5 33 511 254 5.23 10 0.77H347751 2.66 0.5 2.61 <5 130 0.6 2 3.39 <0.5 125 1120 520 10.15 10 0.35

H347752 2.83 1.2 2.78 6 140 0.6 <2 3.51 <0.5 131 1160 794 10.65 10 0.36H347753 2.68 0.5 2.85 10 140 0.6 3 3.98 <0.5 114 1030 571 9.57 10 0.42H347754 2.77 1.2 2.84 17 130 0.6 <2 4.01 <0.5 120 971 1055 10.00 10 0.41H347755 2.88 <0.5 2.98 <5 140 0.7 <2 5.30 <0.5 103 772 289 9.57 10 0.41H347756 2.70 <0.5 2.93 <5 140 0.7 <2 4.64 <0.5 107 812 250 9.77 10 0.44

H347757 2.64 <0.5 2.89 <5 140 0.6 <2 4.31 <0.5 112 909 213 9.88 10 0.39H347758 2.72 <0.5 3.07 <5 140 0.6 <2 4.67 <0.5 107 846 273 9.64 10 0.37H347759 2.67 <0.5 2.96 <5 140 0.6 <2 4.34 <0.5 112 956 292 9.88 10 0.38H347760 0.09 <0.5 6.69 <5 960 1.0 <2 1.42 <0.5 3 32 24 1.68 10 2.20H347761 2.33 <0.5 2.98 <5 150 0.6 <2 4.25 <0.5 115 966 316 9.99 10 0.37

H347762 2.75 <0.5 3.09 <5 150 0.6 <2 4.35 <0.5 113 979 343 9.94 10 0.37H347763 2.54 <0.5 3.11 <5 140 0.6 <2 4.48 <0.5 107 1010 240 9.66 10 0.41H347763 CRD 0.02 <0.5 3.04 <5 150 0.7 <2 4.35 <0.5 108 1010 233 9.73 10 0.41H347764 2.74 <0.5 3.05 5 150 0.6 <2 4.33 <0.5 108 1200 241 9.63 10 0.38H347765 2.72 <0.5 3.04 <5 140 0.6 <2 4.43 <0.5 106 1020 346 9.48 10 0.36

H347766 2.68 <0.5 3.08 7 120 0.6 <2 4.95 <0.5 106 1430 683 9.55 10 0.35H347767 2.47 <0.5 3.11 <5 130 0.6 <2 4.18 <0.5 110 1710 340 9.86 10 0.42H347768 2.49 <0.5 3.07 <5 150 0.6 <2 4.15 <0.5 109 1860 599 9.63 10 0.36H347769 2.78 <0.5 2.52 <5 90 0.5 <2 3.33 <0.5 120 3350 230 10.15 10 0.21H347770 0.12 0.9 8.47 <5 70 <0.5 <2 6.72 <0.5 102 439 3370 6.21 10 0.38

H347771 2.54 <0.5 2.46 <5 100 0.5 <2 3.31 <0.5 111 3200 113 9.51 10 0.19H347772 2.58 <0.5 2.25 <5 100 <0.5 <2 3.25 <0.5 115 3440 103 9.50 10 0.18H347773 2.75 <0.5 3.04 <5 120 0.6 <2 4.49 <0.5 113 2120 170 10.10 10 0.27H347774 2.30 <0.5 3.50 <5 160 0.8 <2 4.23 <0.5 102 1730 200 10.15 10 0.36H347775 2.36 <0.5 3.54 <5 150 0.7 <2 4.26 <0.5 104 1950 215 9.55 10 0.36

Page: 3 - BTotal # Pages: 4 (A - C)

Finalized Date: 9-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-216 SL

CERTIFICATE OF ANALYSIS TB09122631

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H347738 10 8.03 1180 <1 0.74 700 710 <2 0.43 <5 21 348 <20 0.76 <10H347739 20 9.57 1490 <1 1.06 532 910 2 0.22 <5 30 464 <20 0.99 <10H347740 20 11.80 1465 <1 0.94 814 870 <2 0.49 8 21 421 <20 0.87 <10H347741 20 10.50 1465 <1 0.85 585 820 <2 0.17 5 27 406 <20 0.93 <10H347742 20 10.20 1415 <1 0.92 596 850 <2 0.20 6 27 450 <20 0.91 <10

H347743 20 9.11 1395 <1 0.95 444 860 2 0.17 7 29 448 <20 0.92 <10H347743 CRD 20 9.02 1390 <1 0.95 449 880 3 0.18 7 29 435 <20 0.94 <10H347744 20 9.32 1455 <1 1.06 480 940 <2 0.15 <5 29 474 <20 0.99 <10H347745 20 9.44 1360 <1 0.95 516 890 8 0.20 <5 27 407 <20 0.88 <10H347746 20 8.86 1290 <1 0.97 454 950 <2 0.23 5 30 412 <20 0.93 <10

H347747 20 8.85 1265 <1 1.06 516 940 <2 0.25 5 29 438 <20 0.94 <10H347748 20 9.99 1345 <1 0.99 662 880 3 0.27 <5 23 421 <20 0.92 <10H347749 20 14.10 1475 <1 0.70 1190 680 <2 0.53 5 15 347 <20 0.72 <10H347750 <10 2.86 562 5 1.08 746 290 22 0.63 14 9 169 <20 0.16 <10H347751 10 13.85 1450 <1 0.63 938 640 <2 0.21 <5 16 315 <20 0.68 <10

H347752 10 14.40 1500 <1 0.70 1060 670 <2 0.36 <5 17 338 <20 0.73 <10H347753 20 13.00 1415 <1 0.62 875 670 <2 0.29 <5 19 321 <20 0.74 <10H347754 10 13.20 1445 <1 0.56 943 680 <2 0.36 6 20 309 <20 0.73 <10H347755 20 12.05 1410 <1 0.67 630 710 3 0.11 <5 25 346 <20 0.80 <10H347756 20 12.95 1420 <1 0.69 714 710 4 0.09 <5 22 357 <20 0.78 <10

H347757 20 13.60 1440 <1 0.69 765 700 3 0.12 <5 21 351 <20 0.77 <10H347758 20 12.80 1420 1 0.73 718 700 3 0.13 <5 22 346 <20 0.78 <10H347759 20 13.55 1420 <1 0.74 787 690 <2 0.09 <5 21 365 <20 0.76 <10H347760 20 0.26 583 <1 2.79 6 200 6 <0.01 <5 5 185 <20 0.12 <10H347761 20 13.65 1440 <1 0.76 805 710 2 0.12 <5 20 351 <20 0.78 <10

H347762 20 13.75 1440 <1 0.74 825 720 2 0.16 <5 20 364 <20 0.79 <10H347763 20 12.95 1420 <1 0.69 749 700 4 0.15 <5 21 348 <20 0.78 <10H347763 CRD 20 12.95 1420 <1 0.69 761 700 6 0.16 <5 20 338 <20 0.79 <10H347764 20 13.00 1400 <1 0.65 765 710 3 0.36 <5 20 330 <20 0.77 <10H347765 20 12.50 1360 <1 0.70 762 670 2 0.15 <5 21 352 <20 0.78 <10

H347766 20 12.20 1430 <1 0.68 863 630 4 0.51 <5 24 342 <20 0.75 <10H347767 20 13.45 1390 <1 0.70 898 750 <2 0.26 <5 19 373 <20 0.81 <10H347768 20 12.75 1350 <1 0.67 955 750 2 0.53 <5 19 371 <20 0.79 <10H347769 20 15.65 1470 <1 0.51 1170 590 7 0.17 <5 16 257 <20 0.66 <10H347770 10 6.00 776 1 1.12 2960 80 5 1.59 5 15 83 <20 0.11 <10

H347771 20 14.55 1330 <1 0.44 1040 560 7 0.14 <5 16 234 <20 0.70 <10H347772 20 15.00 1330 <1 0.38 1100 490 <2 0.33 <5 16 251 <20 0.60 <10H347773 20 13.00 1440 <1 0.71 789 650 3 0.16 <5 20 323 <20 0.76 <10H347774 20 12.25 1440 <1 0.99 728 740 8 0.17 <5 19 391 <20 0.81 <10H347775 20 12.75 1370 <1 0.88 776 710 4 0.21 <5 18 409 <20 0.87 <10

Page: 3 - CTotal # Pages: 4 (A - C)

Finalized Date: 9-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-216 SL

CERTIFICATE OF ANALYSIS TB09122631

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H347738 <10 171 <10 92 0.020 0.202 0.260H347739 <10 221 <10 111 0.008 0.0846 0.101H347740 <10 186 <10 106 0.018 0.1750 0.201H347741 <10 215 <10 107 0.009 0.0895 0.112H347742 <10 209 <10 102 0.009 0.0862 0.116

H347743 <10 213 <10 99 0.006 0.0511 0.065H347743 CRD <10 216 <10 97 0.006 0.0591 0.076H347744 <10 226 <10 109 0.007 0.0661 0.075H347745 <10 203 <10 94 0.007 0.0727 0.084H347746 <10 215 <10 83 0.008 0.0793 0.099

H347747 <10 204 <10 87 0.010 0.1155 0.142H347748 <10 188 <10 97 0.011 0.1140 0.148H347749 <10 147 <10 108 0.015 0.1745 0.219H347750 10 63 <10 43 >1.00 >1.00 >1.00 1.06 1.20 4.53H347751 <10 145 10 104 0.011 0.0975 0.124

H347752 <10 148 <10 107 0.014 0.1590 0.193H347753 <10 158 <10 98 0.013 0.1265 0.159H347754 <10 158 <10 103 0.020 0.200 0.248H347755 <10 181 <10 99 0.006 0.0654 0.066H347756 <10 171 <10 100 0.005 0.0514 0.054

H347757 <10 162 <10 100 0.005 0.0521 0.050H347758 <10 172 <10 105 0.006 0.0617 0.065H347759 <10 163 <10 100 0.008 0.0791 0.086H347760 10 16 <10 27 0.001 0.0005 <0.001H347761 <10 170 <10 103 0.008 0.0750 0.095

H347762 <10 162 <10 101 0.009 0.0941 0.105H347763 <10 170 <10 105 0.007 0.0796 0.076H347763 CRD <10 173 <10 105 0.006 0.0694 0.073H347764 <10 164 <10 100 0.005 0.0604 0.065H347765 <10 170 <10 140 0.007 0.0844 0.089

H347766 <10 173 <10 114 0.017 0.1825 0.208H347767 <10 173 <10 103 0.009 0.1025 0.113H347768 <10 175 <10 102 0.016 0.1675 0.183H347769 <10 157 <10 162 0.006 0.0603 0.049H347770 <10 75 <10 66 0.063 0.201 0.749

H347771 <10 160 <10 179 0.003 0.0238 0.014H347772 <10 150 <10 129 0.004 0.0232 0.016H347773 <10 174 <10 113 0.003 0.0588 0.049H347774 <10 186 <10 139 0.002 0.0481 0.037H347775 <10 177 <10 101 0.002 0.0495 0.046

Page: 4 - ATotal # Pages: 4 (A - C)

Finalized Date: 9-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-216 SL

CERTIFICATE OF ANALYSIS TB09122631

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H347776 2.36 <0.5 2.71 <5 130 0.7 <2 3.56 <0.5 92 1770 209 8.45 10 0.38H347777 2.03 <0.5 3.43 <5 160 0.7 <2 4.02 <0.5 101 1930 198 9.28 10 0.44H347778 2.29 2.0 6.04 20 330 1.9 <2 3.48 <0.5 59 613 1760 6.19 20 0.47H347779 1.54 2.7 6.71 24 170 2.2 <2 3.69 <0.5 12 15 798 2.93 20 0.15H347780 1.21 0.7 3.29 6 150 0.6 <2 3.81 <0.5 101 1910 1010 8.98 10 0.46

Page: 4 - BTotal # Pages: 4 (A - C)

Finalized Date: 9-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-216 SL

CERTIFICATE OF ANALYSIS TB09122631

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H347776 20 11.20 1200 <1 0.65 678 600 2 0.34 <5 16 286 <20 0.65 <10H347777 20 12.25 1330 <1 0.83 739 670 2 0.20 <5 18 384 <20 0.79 <10H347778 40 5.88 850 <1 3.23 740 1530 8 2.53 <5 12 377 <20 0.75 <10H347779 50 1.06 308 <1 6.0 189 630 6 3.95 <5 4 299 <20 0.41 <10H347780 20 12.00 1270 <1 0.95 859 690 <2 0.42 <5 16 366 <20 0.70 <10

Page: 4 - CTotal # Pages: 4 (A - C)

Finalized Date: 9-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-216 SL

CERTIFICATE OF ANALYSIS TB09122631

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H347776 <10 154 <10 88 0.004 0.0602 0.057H347777 <10 169 <10 100 0.006 0.0447 0.040H347778 <10 141 <10 55 0.017 0.303 0.412H347779 <10 56 <10 4 0.004 0.1710 0.219H347780 <10 156 <10 100 0.026 0.200 0.249

ALS CODE DESCRIPTION

SAMPLE PREPARATION

WEI-21 Received Sample WeightLOG-21d Sample logging - ClientBarCode DupDRY-21 High Temperature DryingSPL-21d Split sample - duplicatePUL-31d Pulverize Split - duplicateSPL-34 Pulp Splitting ChargeLOG-22 Sample login - Rcd w/o BarCodeCRU-31 Fine crushing - 70% <2mmSPL-21 Split sample - riffle splitterPUL-31 Pulverize split to 85% <75 umLOG-23 Pulp Login - Rcvd with BarcodeCRU-QC Crushing QC TestPUL-QC Pulverizing QC Test

ALS CODE DESCRIPTION INSTRUMENT

ANALYTICAL PROCEDURES

PGM-MS23 ICP-MSPt, Pd, Au 30g FA ICP-MSPGM-ICP27 ICP-AESOre grade Pt, Pd and Au by ICPME-ICP61 ICP-AES33 element four acid ICP-AES

CERTIFICATE TB09122632

This report is for 80 Drill Core samples submitted to our lab in Thunder Bay, ON, Canada on 30-OCT-2009.

Project: SD09-217 SLP.O. No.:

The following have access to data associated with this certificate:JUSTIN JOHNSON ALLAN MACTAVISH MGMAM DATA SUPPORTKEITH WATKINS

MAGMA METALS (CANADA) LIMITEDATTN: MGMAM DATA SUPPORTP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Page: 1Finalized Date: 11-NOV-2009

Account: MGMAM

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature:

Colin Ramshaw, Vancouver Laboratory Manager

ALS Chemex

Page: 2 - ATotal # Pages: 3 (A - C)

Finalized Date: 11-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-217 SL

CERTIFICATE OF ANALYSIS TB09122632

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

E588454 0.87 0.8 3.26 10 150 0.7 <2 3.82 <0.5 100 1930 1060 9.02 10 0.45E588455 1.13 <0.5 3.03 13 120 0.9 <2 3.79 <0.5 107 2290 479 9.36 10 0.48H347781 2.34 <0.5 3.17 <5 130 0.6 <2 3.65 <0.5 108 2070 659 9.40 10 0.50H347782 0.83 0.9 5.53 7 390 1.5 <2 3.91 <0.5 69 1070 979 6.62 20 0.34H347783 2.15 <0.5 3.13 <5 150 0.6 <2 3.53 <0.5 109 2060 365 9.37 10 0.42

H347783 CRD 0.02 <0.5 3.09 <5 150 0.6 <2 3.54 <0.5 110 2070 386 9.47 10 0.42H347784 2.21 <0.5 3.22 <5 150 0.8 <2 3.57 <0.5 112 2180 391 9.69 10 0.49H347785 2.39 <0.5 3.24 <5 150 0.8 <2 3.53 <0.5 106 1940 428 9.27 10 0.49H347786 2.22 <0.5 3.27 <5 150 1.0 <2 3.55 <0.5 111 2060 279 9.53 10 0.54H347787 2.07 <0.5 3.14 <5 150 0.8 <2 3.55 <0.5 106 2000 196 9.39 10 0.50

H347788 2.16 <0.5 3.15 <5 140 0.7 <2 3.76 <0.5 107 2050 353 9.63 10 0.45H347789 2.18 <0.5 3.15 <5 140 0.7 <2 3.66 <0.5 104 2260 150 9.40 10 0.50H347790 0.12 <0.5 6.63 <5 60 <0.5 <2 4.82 <0.5 76 3420 651 6.30 10 0.15H347791 2.13 <0.5 2.89 <5 130 0.7 <2 3.39 <0.5 110 2450 265 9.43 10 0.47H347792 2.17 <0.5 2.94 <5 140 0.7 <2 3.35 <0.5 109 2350 236 9.32 10 0.47

H347793 2.21 <0.5 2.89 <5 140 0.7 <2 3.46 <0.5 117 2610 248 9.96 10 0.50H347794 2.20 <0.5 2.72 10 130 0.6 <2 3.32 <0.5 113 2540 293 9.43 <10 0.42H347795 2.16 <0.5 2.66 6 130 0.6 <2 3.28 <0.5 115 3030 215 9.48 10 0.39H347796 2.18 <0.5 2.94 <5 130 0.7 <2 3.43 <0.5 115 2870 145 9.81 <10 0.37H347797 2.12 <0.5 2.79 <5 130 0.7 <2 3.31 <0.5 118 2790 184 9.81 10 0.34

H347798 2.16 <0.5 2.79 6 140 0.7 <2 3.25 <0.5 117 2740 161 9.66 10 0.39H347799 2.16 <0.5 2.74 <5 130 0.7 <2 3.18 <0.5 112 2660 175 9.42 10 0.39H347800 0.09 <0.5 6.63 <5 950 1.0 <2 1.43 <0.5 3 39 12 1.57 10 2.14H347801 1.85 <0.5 2.90 <5 140 0.7 <2 3.42 <0.5 116 2770 155 9.68 <10 0.39H347802 0.82 <0.5 5.00 19 290 1.2 <2 5.13 <0.5 61 1190 87 7.35 10 1.00

H347803 1.70 <0.5 2.87 <5 120 0.7 <2 3.50 <0.5 116 2450 737 9.41 <10 0.41H347803 CRD 0.02 0.5 2.89 <5 120 0.7 2 3.49 <0.5 116 2420 704 9.41 10 0.42H347804 2.47 0.5 2.95 <5 140 0.7 <2 3.29 <0.5 111 2640 401 9.37 10 0.42H347805 2.78 <0.5 3.09 5 160 0.8 <2 3.60 <0.5 101 2490 111 9.21 10 0.45H347806 2.66 <0.5 3.16 6 140 0.7 <2 3.62 <0.5 105 2620 257 9.36 10 0.46

H347807 2.79 0.5 3.23 11 160 0.8 <2 3.60 <0.5 108 2760 433 9.21 10 0.48H347808 2.72 <0.5 3.15 6 180 0.8 <2 3.50 <0.5 113 3080 184 9.57 10 0.44H347809 2.66 <0.5 2.87 <5 140 0.7 2 3.33 <0.5 109 3120 189 9.16 10 0.42H347810 0.12 0.9 7.97 <5 70 <0.5 <2 6.53 <0.5 98 414 3320 6.13 10 0.36H347811 2.72 <0.5 2.63 <5 120 0.6 <2 3.09 <0.5 112 3180 186 9.16 10 0.35

H347812 2.71 <0.5 2.64 <5 120 0.6 <2 3.16 <0.5 109 3130 128 9.09 10 0.32H347813 2.43 <0.5 2.92 7 120 0.7 <2 3.66 <0.5 114 3020 98 9.76 <10 0.39H347814 2.56 <0.5 3.10 9 140 0.7 <2 3.74 <0.5 100 2540 98 8.75 10 0.43H347815 2.64 <0.5 2.78 <5 130 0.6 <2 3.68 <0.5 111 2530 111 9.36 <10 0.38H347816 2.72 0.6 2.47 <5 110 0.6 <2 3.09 <0.5 120 2460 517 9.57 10 0.31

Page: 2 - BTotal # Pages: 3 (A - C)

Finalized Date: 11-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-217 SL

CERTIFICATE OF ANALYSIS TB09122632

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

E588454 20 12.10 1290 <1 0.94 837 670 6 0.35 <5 17 357 <20 0.73 <10E588455 20 12.85 1260 <1 0.63 920 630 3 0.98 <5 14 339 <20 0.71 <10H347781 20 13.40 1330 <1 0.86 878 660 2 0.18 <5 16 372 <20 0.70 <10H347782 40 7.65 927 <1 3.40 620 750 5 1.79 <5 11 324 <20 0.60 <10H347783 20 13.30 1330 <1 0.95 895 630 2 0.18 <5 16 340 <20 0.68 <10

H347783 CRD 20 13.40 1340 <1 0.93 897 620 <2 0.19 <5 16 335 <20 0.69 <10H347784 20 13.95 1370 <1 1.05 894 670 3 0.12 <5 16 345 <20 0.71 <10H347785 20 13.10 1310 <1 1.07 836 650 <2 0.13 <5 16 318 <20 0.68 <10H347786 20 13.55 1350 <1 1.17 857 680 2 0.11 <5 16 322 <20 0.71 <10H347787 10 13.45 1375 <1 0.97 847 640 5 0.58 8 16 359 <20 0.69 <10

H347788 10 13.10 1390 <1 0.93 883 710 <2 0.59 6 17 392 <20 0.74 <10H347789 10 13.45 1360 <1 0.95 845 640 <2 0.60 7 16 377 <20 0.73 <10H347790 <10 10.00 1105 1 0.77 1380 150 5 0.32 17 19 189 <20 0.11 <10H347791 10 14.20 1350 <1 0.92 937 580 <2 0.63 5 15 339 <20 0.67 <10H347792 10 13.85 1340 <1 0.92 910 600 <2 0.54 5 15 349 <20 0.68 <10

H347793 10 14.85 1425 <1 0.87 1000 660 <2 0.77 <5 15 346 <20 0.70 <10H347794 10 14.40 1385 <1 0.70 982 600 4 0.96 6 14 349 <20 0.64 <10H347795 10 14.90 1370 <1 0.70 1040 560 <2 0.67 8 14 343 <20 0.65 <10H347796 10 15.25 1405 <1 0.94 1030 620 <2 0.48 7 15 361 <20 0.69 <10H347797 10 15.40 1400 <1 0.89 1060 630 <2 0.41 7 15 339 <20 0.66 <10

H347798 10 15.25 1415 <1 0.80 1040 600 <2 0.46 9 14 335 <20 0.65 <10H347799 10 14.70 1355 <1 0.79 983 560 <2 0.46 7 14 321 <20 0.63 <10H347800 10 0.24 560 <1 2.75 6 190 6 <0.01 <5 5 186 <20 0.12 <10H347801 10 14.75 1390 <1 0.88 980 600 2 0.37 8 15 341 <20 0.68 <10H347802 40 10.10 1140 <1 1.63 500 960 8 3.05 <5 11 1010 <20 0.54 <10

H347803 10 13.95 1375 <1 0.77 1080 600 4 0.69 6 14 318 <20 0.63 <10H347803 CRD 10 14.05 1370 <1 0.78 1070 620 4 0.67 5 14 321 <20 0.64 <10H347804 10 14.15 1350 <1 0.80 995 610 <2 0.45 5 14 377 <20 0.67 <10H347805 10 13.15 1405 <1 0.69 837 630 15 0.61 <5 14 415 <20 0.73 <10H347806 10 13.20 1345 <1 0.71 903 690 2 0.75 6 14 472 <20 0.74 <10

H347807 10 13.70 1345 <1 0.82 1020 720 4 0.95 7 12 515 <20 0.72 <10H347808 10 14.20 1380 <1 0.77 1020 700 2 0.47 8 14 540 <20 0.72 <10H347809 10 14.15 1325 <1 0.81 989 590 <2 0.43 6 14 368 <20 0.64 <10H347810 <10 5.73 769 1 1.05 2970 90 3 1.58 6 13 85 <20 0.11 <10H347811 10 14.60 1340 <1 0.75 1050 540 <2 0.42 6 13 359 <20 0.60 <10

H347812 10 14.15 1295 <1 0.70 1010 550 <2 0.25 8 14 328 <20 0.64 <10H347813 10 14.80 1420 <1 0.74 1020 590 <2 0.49 5 16 373 <20 0.70 <10H347814 10 12.85 1335 <1 0.73 880 600 <2 0.47 9 14 446 <20 0.73 <10H347815 10 14.30 1375 <1 0.67 975 570 2 0.35 7 16 347 <20 0.66 <10H347816 10 14.90 1340 <1 0.68 1160 550 <2 0.38 6 14 305 <20 0.59 <10

Page: 2 - CTotal # Pages: 3 (A - C)

Finalized Date: 11-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-217 SL

CERTIFICATE OF ANALYSIS TB09122632

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

E588454 <10 158 <10 108 0.030 0.220 0.264E588455 <10 156 <10 89 0.011 0.1255 0.135H347781 <10 152 <10 96 0.016 0.1495 0.167H347782 <10 115 <10 59 0.015 0.208 0.259H347783 <10 153 <10 99 0.006 0.0825 0.089

H347783 CRD <10 154 <10 100 0.007 0.0878 0.088H347784 <10 159 <10 100 0.006 0.0890 0.090H347785 <10 156 <10 96 0.007 0.0939 0.102H347786 <10 162 <10 98 0.008 0.0574 0.058H347787 <10 157 <10 98 0.005 0.0433 0.039

H347788 <10 165 <10 101 0.010 0.0876 0.097H347789 <10 158 <10 99 0.004 0.0347 0.027H347790 <10 111 <10 280 0.107 >1.00 0.553 0.10 1.09 0.51H347791 <10 148 <10 99 0.005 0.0589 0.061H347792 <10 148 <10 98 0.005 0.0615 0.060

H347793 <10 153 <10 103 0.006 0.0624 0.065H347794 <10 141 <10 106 0.003 0.0691 0.070H347795 <10 143 <10 101 0.001 0.0494 0.048H347796 <10 152 <10 103 <0.001 0.0295 0.023H347797 <10 148 <10 102 0.001 0.0442 0.041

H347798 <10 144 <10 105 0.004 0.0366 0.034H347799 <10 141 <10 99 0.005 0.0424 0.037H347800 10 15 <10 29 0.001 <0.0005 <0.001H347801 <10 149 <10 101 0.004 0.0346 0.029H347802 <10 122 <10 127 0.003 0.0187 0.019

H347803 <10 135 <10 127 0.009 0.1440 0.120H347803 CRD <10 136 <10 137 0.013 0.1560 0.173H347804 <10 145 <10 99 0.008 0.0943 0.105H347805 <10 159 <10 143 0.002 0.0153 0.011H347806 <10 160 <10 106 0.002 0.0568 0.049

H347807 <10 157 <10 114 0.006 0.1060 0.113H347808 <10 158 <10 108 0.001 0.0458 0.044H347809 <10 143 <10 98 0.005 0.0440 0.037H347810 10 75 <10 63 0.065 0.1915 0.707H347811 <10 136 <10 98 0.005 0.0626 0.057

H347812 <10 143 <10 97 0.007 0.0626 0.058H347813 <10 160 <10 118 0.005 0.0425 0.038H347814 <10 151 <10 96 <0.001 0.0173 0.010H347815 <10 145 <10 112 <0.001 0.0173 0.012H347816 <10 132 <10 97 0.003 0.0192 0.014

Page: 3 - ATotal # Pages: 3 (A - C)

Finalized Date: 11-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-217 SL

CERTIFICATE OF ANALYSIS TB09122632

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H347817 2.82 <0.5 2.85 7 140 0.7 <2 3.40 <0.5 116 2450 135 9.82 10 0.44H347818 2.85 <0.5 3.14 <5 150 0.7 3 3.74 <0.5 113 2280 145 9.78 10 0.54H347819 2.78 0.5 3.24 <5 150 0.8 <2 4.04 <0.5 106 2050 293 9.60 10 0.47H347820 1.43 0.6 3.35 12 140 0.9 2 4.13 <0.5 107 2310 581 9.56 10 0.49H347821 2.70 <0.5 2.68 <5 140 0.6 3 4.14 <0.5 111 2700 274 9.93 10 0.42

H347822 2.91 <0.5 2.67 8 80 0.6 <2 4.85 <0.5 104 2130 187 9.82 10 0.39H347823 2.79 <0.5 2.88 8 100 0.6 <2 4.83 <0.5 107 2400 280 10.30 10 0.39H347823 CRD 0.02 <0.5 2.96 <5 110 0.6 <2 4.93 <0.5 112 2460 293 10.55 10 0.40H347824 2.63 <0.5 4.25 10 150 0.8 2 4.61 <0.5 98 2150 589 9.44 10 0.51H347825 2.69 0.5 3.53 <5 180 0.8 <2 4.22 <0.5 100 2380 317 9.36 10 0.54

H347826 2.79 0.6 3.78 8 160 0.9 <2 4.07 <0.5 93 2340 377 8.89 10 0.53H347827 2.78 <0.5 3.74 <5 190 0.9 <2 4.18 <0.5 93 2290 167 8.96 10 0.58H347828 2.76 <0.5 3.78 <5 220 1.0 <2 4.03 <0.5 97 2180 350 8.96 10 0.57H347829 2.72 <0.5 3.87 <5 200 1.1 <2 4.05 <0.5 96 2180 313 9.15 10 0.59H347830 0.12 0.5 6.68 <5 60 <0.5 <2 4.83 <0.5 77 3330 658 6.33 10 0.16

H347831 2.66 0.5 4.03 7 210 1.1 <2 4.12 <0.5 92 2140 219 9.03 10 0.65H347832 2.70 0.6 4.12 <5 210 1.1 <2 4.31 <0.5 93 2000 496 9.21 10 0.60H347833 1.80 0.8 4.65 6 170 1.1 2 4.21 <0.5 70 1460 986 7.59 10 0.71H347834 4.38 <0.5 6.53 8 540 1.2 <2 0.18 <0.5 2 11 70 0.87 20 4.98H347835 4.76 <0.5 6.24 <5 560 1.1 <2 0.17 <0.5 2 14 5 0.70 10 5.25

H347836 4.63 <0.5 6.57 5 630 1.2 <2 0.16 <0.5 2 13 4 0.84 20 5.28H347837 4.55 <0.5 6.47 8 580 1.2 <2 0.23 <0.5 1 9 45 1.13 20 5.69H347838 1.06 <0.5 4.65 33 160 1.0 2 4.60 <0.5 71 1395 140 7.65 10 0.82H347839 2.69 <0.5 3.81 27 110 0.9 <2 4.58 <0.5 88 1955 150 9.27 10 0.58H347840 0.09 <0.5 6.08 <5 910 1.0 <2 1.34 <0.5 3 24 15 1.53 10 2.04

H347841 2.63 0.5 3.77 7 170 0.9 <2 4.46 <0.5 90 2030 142 9.08 10 0.52H347842 2.69 <0.5 4.25 9 180 1.0 2 3.91 <0.5 89 2030 123 9.09 10 0.60H347843 2.71 <0.5 3.94 29 110 1.0 <2 3.92 <0.5 87 2060 210 9.06 10 0.50H347843 CRD 0.02 <0.5 3.92 26 110 1.0 <2 3.89 <0.5 90 2030 204 9.04 10 0.50H347844 3.48 <0.5 4.12 11 100 1.1 <2 3.99 <0.5 89 1745 197 8.66 10 0.53

H347845 4.33 <0.5 6.45 5 670 1.2 <2 0.33 <0.5 3 15 7 1.31 20 6.09H347846 4.54 <0.5 6.16 5 640 1.4 <2 0.15 <0.5 2 10 5 1.15 20 6.03H347847 2.72 <0.5 7.22 <5 230 1.6 3 2.67 <0.5 40 16 58 8.35 20 1.05H347848 3.17 <0.5 7.26 8 470 1.5 5 3.26 <0.5 52 29 53 10.65 30 1.49H347849 3.31 <0.5 6.00 5 370 1.2 4 3.15 <0.5 86 98 93 13.70 20 0.84

H347850 0.12 0.8 8.00 <5 60 <0.5 <2 6.40 <0.5 95 422 3230 6.02 10 0.36H347851 3.02 <0.5 7.11 <5 300 1.5 2 2.82 <0.5 50 33 93 9.46 20 0.91H347852 1.88 <0.5 7.29 7 240 1.6 4 2.22 <0.5 44 14 30 9.36 20 0.77H347853 4.71 <0.5 6.40 <5 510 1.3 <2 0.22 <0.5 1 8 1 0.88 20 4.35H347854 3.90 <0.5 6.41 <5 500 1.4 <2 0.10 <0.5 1 9 1 1.05 20 4.79

Page: 3 - BTotal # Pages: 3 (A - C)

Finalized Date: 11-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-217 SL

CERTIFICATE OF ANALYSIS TB09122632

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H347817 10 14.85 1405 <1 0.75 963 580 <2 0.38 5 15 339 <20 0.66 <10H347818 10 14.20 1415 <1 0.81 910 640 3 0.65 7 16 396 <20 0.70 <10H347819 10 13.20 1445 <1 0.73 880 640 <2 0.67 8 16 440 <20 0.75 <10H347820 10 13.30 1335 <1 0.75 992 680 <2 0.95 5 15 417 <20 0.75 <10H347821 10 14.20 1495 <1 0.56 993 550 <2 0.69 5 18 333 <20 0.68 <10

H347822 10 12.80 1455 <1 0.57 826 540 4 0.77 6 21 273 <20 0.71 <10H347823 10 13.20 1475 <1 0.63 911 520 3 0.86 5 21 332 <20 0.74 <10H347823 CRD 10 13.80 1515 <1 0.65 946 520 2 0.90 5 22 343 <20 0.75 <10H347824 10 12.00 1420 <1 1.11 961 840 4 0.97 6 17 454 <20 1.00 <10H347825 10 12.70 1425 <1 0.81 939 970 4 0.40 7 17 491 <20 0.90 <10

H347826 20 11.80 1295 <1 1.03 910 1020 2 0.65 9 16 474 <20 0.87 <10H347827 20 11.95 1295 <1 1.11 801 870 3 0.46 5 18 466 <20 0.86 <10H347828 20 12.15 1275 <1 1.19 896 780 2 0.24 8 17 462 <20 0.85 <10H347829 20 12.30 1305 <1 1.23 894 750 2 0.14 8 18 416 <20 0.86 <10H347830 <10 10.10 1110 <1 0.78 1390 160 4 0.32 16 19 192 <20 0.12 <10

H347831 20 11.95 1290 <1 1.20 819 710 2 0.54 8 18 393 <20 0.90 <10H347832 20 11.70 1320 <1 1.26 846 890 3 0.33 8 19 428 <20 0.94 <10H347833 30 9.52 1125 1 1.42 748 760 488 0.31 7 15 302 <20 0.81 <10H347834 30 0.53 79 4 1.88 12 140 17 0.43 <5 2 97 30 0.06 <10H347835 30 0.40 52 3 1.66 6 140 17 0.36 <5 1 111 20 0.05 <10

H347836 30 0.35 50 <1 1.72 2 140 18 0.46 <5 2 131 30 0.05 <10H347837 30 0.69 74 <1 1.22 1 140 28 0.50 <5 2 106 20 0.06 <10H347838 20 8.21 1065 <1 1.41 562 790 8 0.54 7 20 396 <20 0.99 <10H347839 20 11.25 1140 <1 0.78 787 770 <2 1.30 7 22 372 <20 0.94 <10H347840 10 0.21 566 <1 2.62 2 180 9 <0.01 5 4 175 <20 0.12 <10

H347841 10 11.45 1310 <1 0.71 815 780 2 0.82 7 20 411 <20 0.96 <10H347842 20 11.50 1275 <1 0.82 835 990 4 1.14 7 17 419 <20 1.00 <10H347843 20 11.70 1250 <1 0.74 874 960 2 1.75 9 18 348 <20 0.91 <10H347843 CRD 20 11.65 1240 <1 0.73 860 970 3 1.77 8 18 341 <20 0.90 <10H347844 20 10.90 1300 <1 0.69 815 830 20 1.08 7 20 280 <20 0.99 <10

H347845 20 0.74 131 <1 1.12 7 240 25 0.43 <5 2 167 20 0.12 <10H347846 20 0.68 86 <1 0.73 2 150 25 0.47 <5 1 155 <20 0.05 <10H347847 40 3.69 1150 1 3.10 29 1710 6 1.86 9 18 277 <20 1.67 <10H347848 30 3.41 1830 1 2.79 64 1670 4 0.99 9 19 428 <20 1.91 <10H347849 20 4.93 1755 <1 1.94 209 1390 3 0.81 9 17 376 <20 2.09 <10

H347850 <10 5.63 751 <1 1.06 2920 80 <2 1.53 5 14 82 <20 0.11 <10H347851 30 3.65 1110 <1 2.78 68 1640 3 2.38 8 19 420 <20 1.78 <10H347852 30 3.09 640 <1 2.98 35 1670 6 5.23 8 19 385 <20 1.61 <10H347853 30 0.29 53 <1 2.03 <1 140 30 0.40 <5 1 111 30 0.05 <10H347854 20 0.38 58 <1 1.49 1 160 23 0.21 <5 2 87 30 0.06 <10

Page: 3 - CTotal # Pages: 3 (A - C)

Finalized Date: 11-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-217 SL

CERTIFICATE OF ANALYSIS TB09122632

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H347817 <10 146 <10 109 0.010 0.1495 0.160H347818 <10 154 <10 106 <0.001 0.0324 0.026H347819 <10 155 <10 109 <0.001 0.0289 0.026H347820 <10 163 <10 91 0.004 0.0715 0.070H347821 <10 157 <10 112 0.014 0.1445 0.156

H347822 <10 165 <10 107 0.002 0.0220 0.019H347823 <10 179 <10 113 0.003 0.0465 0.046H347823 CRD <10 183 <10 116 0.003 0.0477 0.047H347824 <10 194 <10 108 0.010 0.1465 0.155H347825 <10 176 <10 113 0.011 0.1480 0.164

H347826 <10 176 <10 99 0.005 0.0808 0.083H347827 <10 176 <10 99 0.010 0.0954 0.097H347828 <10 174 <10 96 0.001 0.0306 0.025H347829 <10 180 <10 100 0.005 0.0686 0.068H347830 <10 112 <10 282 0.104 >1.00 0.548 0.09 1.11 0.51

H347831 <10 184 <10 101 0.006 0.0436 0.037H347832 <10 189 <10 102 0.013 0.109 0.112H347833 <10 159 <10 216 0.024 0.246 0.262H347834 10 5 <10 6 0.002 0.0120 0.013H347835 10 5 <10 4 0.002 0.0016 0.002

H347836 10 5 <10 7 0.002 0.0006 <0.001H347837 10 6 <10 55 0.002 0.0006 0.001H347838 <10 203 <10 84 0.004 0.0101 0.005H347839 <10 203 <10 80 0.006 0.0144 0.009H347840 10 16 <10 29 0.002 <0.0005 <0.001

H347841 <10 196 <10 94 0.004 0.0187 0.014H347842 <10 198 <10 92 0.004 0.0215 0.018H347843 <10 188 <10 100 0.006 0.0387 0.037H347843 CRD <10 184 <10 102 0.006 0.0397 0.037H347844 <10 203 <10 108 0.005 0.0294 0.028

H347845 10 18 <10 15 0.002 0.0008 <0.001H347846 10 7 <10 8 0.002 <0.0005 <0.001H347847 10 273 <10 71 0.002 0.0007 <0.001H347848 10 361 <10 94 0.002 <0.0005 <0.001H347849 <10 499 <10 105 0.002 0.0005 <0.001

H347850 10 73 <10 61 0.060 0.194 0.730H347851 <10 330 <10 67 0.007 0.0005 0.001H347852 10 283 <10 56 0.002 <0.0005 <0.001H347853 20 5 <10 75 0.002 <0.0005 <0.001H347854 10 6 <10 29 0.002 <0.0005 <0.001

ALS CODE DESCRIPTION

SAMPLE PREPARATION

WEI-21 Received Sample WeightLOG-21d Sample logging - ClientBarCode DupSPL-21d Split sample - duplicatePUL-31d Pulverize Split - duplicateSPL-34 Pulp Splitting ChargeLOG-22 Sample login - Rcd w/o BarCodeCRU-31 Fine crushing - 70% <2mmSPL-21 Split sample - riffle splitterPUL-31 Pulverize split to 85% <75 umLOG-23 Pulp Login - Rcvd with BarcodeCRU-QC Crushing QC TestPUL-QC Pulverizing QC Test

ALS CODE DESCRIPTION INSTRUMENT

ANALYTICAL PROCEDURES

PGM-MS23 ICP-MSPt, Pd, Au 30g FA ICP-MSPGM-ICP27 ICP-AESOre grade Pt, Pd and Au by ICPME-ICP61 ICP-AES33 element four acid ICP-AES

CERTIFICATE TB09128223

This report is for 88 Drill Core samples submitted to our lab in Thunder Bay, ON, Canada on 12-NOV-2009.

Project: SD09-218 SLP.O. No.:

The following have access to data associated with this certificate:JUSTIN JOHNSON ALLAN MACTAVISH MGMAM DATA SUPPORTKEITH WATKINS

MAGMA METALS (CANADA) LIMITEDATTN: MGMAM DATA SUPPORTP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Page: 1Finalized Date: 19-NOV-2009

Account: MGMAM

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature:

Colin Ramshaw, Vancouver Laboratory Manager

ALS Chemex

Page: 2 - ATotal # Pages: 4 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-218 SL

CERTIFICATE OF ANALYSIS TB09128223

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

E588456 1.11 <0.5 2.30 <5 110 0.5 <2 3.78 <0.5 112 1020 359 9.50 <10 0.28E588457 0.97 <0.5 2.24 <5 110 0.5 <2 2.84 <0.5 117 2790 301 9.57 <10 0.29E588458 1.14 <0.5 2.54 <5 130 0.5 <2 3.17 <0.5 111 3490 195 9.39 <10 0.32H347912 2.39 <0.5 3.35 <5 120 0.6 <2 4.02 <0.5 103 1800 170 9.78 <10 0.38H347913 2.31 <0.5 2.93 <5 150 0.6 2 5.42 0.5 95 1290 512 9.09 <10 0.34

H347914 2.34 <0.5 2.83 <5 130 0.6 <2 3.69 <0.5 108 2030 435 9.61 <10 0.36H347915 2.57 <0.5 2.95 <5 150 0.7 <2 3.66 <0.5 105 2070 207 9.56 <10 0.41H347916 2.41 <0.5 2.86 6 130 0.6 <2 3.61 <0.5 102 2140 140 9.28 <10 0.41H347917 2.51 <0.5 2.89 <5 130 0.6 <2 3.54 <0.5 104 2110 122 9.40 <10 0.43H347918 2.42 <0.5 2.81 <5 140 0.6 <2 3.52 <0.5 112 2260 187 9.72 <10 0.31

H347919 2.40 <0.5 2.83 <5 130 0.6 <2 3.48 <0.5 109 2260 129 9.60 <10 0.32H347920 0.10 0.6 8.42 6 70 <0.5 <2 6.77 0.5 97 399 3370 6.34 <10 0.38H347921 2.28 <0.5 2.57 <5 130 0.6 <2 3.25 <0.5 107 2160 179 9.34 <10 0.31H347922 2.45 <0.5 2.73 <5 120 0.6 <2 3.30 <0.5 111 2150 170 9.47 <10 0.32H347923 2.97 <0.5 2.64 <5 130 0.6 <2 3.06 <0.5 113 2380 159 9.55 <10 0.35

H347923 CRD 0.02 <0.5 2.65 <5 130 0.6 <2 3.08 <0.5 114 2400 152 9.56 <10 0.36H347924 2.28 <0.5 2.43 <5 120 0.6 <2 2.87 <0.5 112 2360 188 9.25 <10 0.33H347925 2.47 <0.5 2.29 <5 120 0.6 <2 2.85 <0.5 121 2670 390 9.95 <10 0.31H347926 2.18 <0.5 2.54 <5 120 0.6 <2 3.11 <0.5 116 2460 216 9.75 <10 0.36H347927 2.22 0.5 2.47 <5 110 0.5 <2 3.05 <0.5 121 2520 629 9.87 <10 0.32

H347928 2.26 0.6 2.30 <5 150 0.5 <2 3.62 <0.5 129 2630 1625 9.88 <10 0.29H347929 2.30 <0.5 2.26 <5 110 0.5 <2 2.75 <0.5 118 2790 328 9.57 <10 0.29H347930 1.18 <0.5 2.28 <5 110 0.5 <2 2.88 <0.5 119 2880 245 9.76 <10 0.29H347931 2.27 <0.5 2.21 <5 110 0.6 <2 2.85 <0.5 115 2910 163 9.64 <10 0.29H347932 2.39 <0.5 2.45 <5 110 0.6 <2 3.06 <0.5 117 3030 140 9.82 <10 0.31

H347933 2.23 <0.5 2.39 <5 110 0.6 <2 3.06 <0.5 118 2820 110 9.98 <10 0.32H347934 2.35 <0.5 2.30 <5 110 0.5 <2 2.93 <0.5 123 2810 226 10.05 <10 0.31H347935 2.41 <0.5 2.36 <5 110 0.5 <2 3.00 <0.5 119 2890 107 10.00 <10 0.28H347936 2.35 <0.5 2.41 <5 110 0.5 <2 3.06 <0.5 126 2710 214 10.15 <10 0.27H347937 2.42 <0.5 2.27 <5 100 0.5 <2 3.36 <0.5 123 2010 282 10.10 <10 0.29

H347938 2.47 <0.5 2.25 <5 100 0.5 <2 3.20 <0.5 122 2670 163 10.05 <10 0.27H347939 2.39 <0.5 2.25 5 110 0.6 <2 2.85 <0.5 113 2660 88 9.49 <10 0.29H347940 0.12 <0.5 6.65 <5 60 <0.5 <2 4.89 <0.5 74 3400 654 6.34 10 0.15H347941 2.39 <0.5 2.36 <5 100 0.5 <2 3.01 <0.5 117 2510 105 9.64 <10 0.26H347942 2.39 <0.5 2.19 <5 100 0.5 <2 2.79 <0.5 115 2260 116 9.49 <10 0.26

H347943 2.45 <0.5 2.34 <5 100 0.5 <2 2.99 <0.5 123 2170 107 9.95 <10 0.26H347943 CRD 0.02 <0.5 2.31 5 100 0.5 <2 2.97 <0.5 119 2170 109 9.89 <10 0.26H347944 2.40 <0.5 2.21 <5 110 0.5 <2 2.84 <0.5 126 2230 109 10.10 <10 0.27H347945 2.33 <0.5 2.33 <5 100 0.5 <2 2.92 <0.5 121 2390 82 9.91 <10 0.26H347946 2.52 <0.5 2.24 <5 100 0.5 <2 2.86 <0.5 122 2590 97 9.84 <10 0.26

Page: 2 - BTotal # Pages: 4 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-218 SL

CERTIFICATE OF ANALYSIS TB09128223

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

E588456 20 14.55 1405 <1 0.52 847 570 7 0.12 <5 18 272 <20 0.59 <10E588457 20 15.85 1365 <1 0.70 1040 470 6 0.39 <5 13 253 <20 0.54 <10E588458 20 15.30 1425 <1 0.68 1185 520 9 1.25 6 14 302 <20 0.66 <10H347912 20 13.40 1435 <1 0.90 787 590 3 0.13 <5 17 389 <20 0.81 <10H347913 20 12.15 1360 <1 0.76 662 600 6 0.59 <5 24 318 <20 0.70 <10

H347914 20 14.20 1395 <1 0.79 936 650 7 0.47 6 17 316 <20 0.68 <10H347915 20 13.85 1395 <1 0.80 872 640 7 0.49 <5 16 329 <20 0.70 <10H347916 20 13.70 1370 <1 0.70 827 680 7 0.70 <5 16 304 <20 0.69 <10H347917 20 14.00 1375 <1 0.84 847 630 6 0.36 <5 16 316 <20 0.69 <10H347918 20 14.75 1435 <1 0.85 907 610 4 0.24 <5 15 318 <20 0.66 <10

H347919 20 14.60 1405 <1 0.85 891 580 5 0.21 <5 15 344 <20 0.66 <10H347920 10 5.98 791 1 1.13 2870 80 5 1.59 <5 15 82 <20 0.12 <10H347921 20 14.35 1375 <1 0.77 894 570 6 0.14 <5 15 287 <20 0.65 <10H347922 20 14.90 1390 <1 0.71 924 550 5 0.12 <5 14 306 <20 0.62 <10H347923 20 15.20 1370 <1 0.77 954 520 6 0.09 6 14 289 <20 0.61 <10

H347923 CRD 20 15.30 1380 <1 0.77 960 520 5 0.08 <5 14 287 <20 0.62 <10H347924 20 14.95 1335 <1 0.74 948 550 6 0.08 7 13 265 <20 0.56 <10H347925 20 16.05 1420 <1 0.72 1080 560 6 0.34 <5 14 248 <20 0.56 <10H347926 20 15.40 1400 <1 0.81 971 600 7 0.48 <5 14 294 <20 0.62 <10H347927 20 15.50 1390 <1 0.76 1100 550 7 0.54 5 14 297 <20 0.60 <10

H347928 20 15.75 1370 <1 0.62 1365 470 10 0.64 <5 16 241 <20 0.55 <10H347929 20 15.80 1355 <1 0.69 1075 470 7 0.35 <5 13 259 <20 0.55 <10H347930 20 16.10 1390 <1 0.72 1045 490 6 0.37 <5 13 259 <20 0.57 <10H347931 20 15.80 1375 <1 0.70 1030 510 6 0.31 <5 13 235 <20 0.57 <10H347932 20 16.05 1405 <1 0.78 1015 530 6 0.29 <5 14 280 <20 0.61 <10

H347933 20 16.25 1425 <1 0.76 1025 500 7 0.32 <5 14 266 <20 0.59 <10H347934 20 16.70 1435 <1 0.72 1090 480 6 0.33 5 14 257 <20 0.58 <10H347935 20 16.30 1430 <1 0.76 1025 490 5 0.29 <5 14 275 <20 0.58 <10H347936 20 16.60 1480 <1 0.79 1085 510 6 0.18 <5 14 286 <20 0.58 <10H347937 20 16.60 1475 <1 0.75 994 500 7 0.13 <5 16 266 <20 0.57 <10

H347938 20 16.90 1450 <1 0.70 1065 470 8 0.08 6 15 271 <20 0.54 <10H347939 20 15.85 1350 <1 0.72 1065 520 5 0.07 <5 13 256 <20 0.58 <10H347940 10 10.20 1110 1 0.79 1340 150 7 0.32 13 19 185 <20 0.12 <10H347941 20 16.35 1375 <1 0.73 1085 480 5 0.07 <5 14 283 <20 0.56 <10H347942 20 16.00 1355 <1 0.67 1065 460 5 0.07 <5 13 251 <20 0.56 <10

H347943 20 16.85 1425 <1 0.73 1125 480 6 0.07 <5 14 282 <20 0.60 <10H347943 CRD 20 16.70 1410 <1 0.72 1095 470 7 0.07 <5 14 277 <20 0.58 <10H347944 20 17.25 1445 <1 0.71 1140 470 5 0.07 <5 13 254 <20 0.55 <10H347945 20 16.90 1420 <1 0.75 1095 460 6 0.07 <5 13 278 <20 0.56 <10H347946 20 16.60 1410 <1 0.75 1075 470 5 0.16 <5 13 267 <20 0.55 <10

Page: 2 - CTotal # Pages: 4 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-218 SL

CERTIFICATE OF ANALYSIS TB09128223

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

E588456 <10 129 <10 98 0.010 0.0900 0.095E588457 <10 121 <10 101 0.007 0.0676 0.070E588458 <10 142 <10 108 0.005 0.0475 0.045H347912 <10 180 <10 111 0.005 0.0307 0.022H347913 <10 178 <10 93 0.010 0.0904 0.091

H347914 <10 153 <10 103 0.009 0.0864 0.089H347915 <10 156 <10 104 0.005 0.0436 0.039H347916 <10 153 <10 145 0.003 0.0252 0.016H347917 <10 152 <10 103 0.004 0.0239 0.017H347918 <10 147 <10 104 0.005 0.0409 0.036

H347919 <10 149 <10 103 0.004 0.0271 0.021H347920 <10 75 <10 69 0.052 0.1860 0.658H347921 <10 145 <10 99 0.004 0.0365 0.038H347922 <10 137 <10 101 0.004 0.0476 0.045H347923 <10 136 <10 101 0.005 0.0415 0.036

H347923 CRD <10 136 <10 101 0.004 0.0377 0.029H347924 <10 128 <10 97 0.004 0.0492 0.042H347925 <10 134 <10 104 0.010 0.0935 0.093H347926 <10 139 <10 104 0.005 0.0417 0.038H347927 <10 135 <10 104 0.027 0.1375 0.152

H347928 <10 128 10 102 0.032 0.336 0.383H347929 <10 124 <10 101 0.007 0.0756 0.077H347930 <10 128 <10 103 0.006 0.0633 0.059H347931 <10 129 <10 102 0.006 0.0477 0.046H347932 <10 136 <10 106 0.004 0.0356 0.032

H347933 <10 135 <10 106 0.003 0.0333 0.024H347934 <10 133 <10 106 0.006 0.0605 0.052H347935 <10 133 <10 105 0.003 0.0213 0.014H347936 <10 130 10 112 0.005 0.0612 0.052H347937 <10 130 <10 103 0.007 0.0605 0.063

H347938 <10 127 <10 105 0.005 0.0550 0.038H347939 <10 130 <10 100 0.003 0.0171 0.012H347940 10 112 <10 287 0.121 >1.00 0.587 0.11 1.27 0.56H347941 <10 126 <10 103 0.003 0.0300 0.020H347942 <10 124 <10 100 0.004 0.0276 0.021

H347943 <10 126 <10 105 0.004 0.0286 0.026H347943 CRD <10 123 <10 102 0.017 0.0219 0.021H347944 <10 120 <10 106 0.005 0.0362 0.038H347945 <10 123 <10 105 0.003 0.0166 0.011H347946 <10 119 <10 103 0.003 0.0210 0.016

Page: 3 - ATotal # Pages: 4 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-218 SL

CERTIFICATE OF ANALYSIS TB09128223

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H347947 2.16 <0.5 2.27 <5 110 0.5 <2 2.86 <0.5 122 2930 90 10.00 <10 0.27H347948 2.39 <0.5 2.31 <5 110 0.5 <2 2.81 <0.5 124 3010 88 10.20 10 0.29H347949 2.53 <0.5 2.34 <5 110 0.5 <2 2.92 <0.5 127 3100 120 10.50 10 0.28H347950 0.09 <0.5 6.25 6 870 1.0 2 1.33 <0.5 2 30 12 1.55 10 2.13H347951 2.21 <0.5 2.23 11 100 0.5 2 2.65 <0.5 125 2920 111 10.10 10 0.27

H347952 2.35 <0.5 2.27 <5 110 0.5 <2 2.72 <0.5 128 3010 142 10.45 10 0.30H347953 2.55 <0.5 2.24 10 110 0.5 <2 2.72 <0.5 128 2780 117 10.30 10 0.28H347954 2.37 <0.5 2.25 <5 120 0.5 <2 2.70 <0.5 128 2700 162 10.35 10 0.28H347955 2.39 <0.5 2.25 6 100 0.5 <2 2.67 <0.5 120 2610 133 9.94 10 0.27H347956 2.29 <0.5 2.33 7 120 0.6 <2 2.81 <0.5 125 2550 230 10.25 10 0.31

H347957 2.46 <0.5 2.48 7 110 0.6 <2 3.41 <0.5 122 2340 176 10.45 10 0.34H347958 2.44 <0.5 2.75 7 120 0.6 <2 3.47 <0.5 119 2530 346 10.30 10 0.32H347959 2.34 <0.5 2.35 <5 110 0.5 <2 3.27 <0.5 124 3160 185 10.60 10 0.28H347960 0.12 1.5 8.68 6 70 <0.5 4 6.90 <0.5 102 429 3560 6.53 10 0.39H347961 2.36 0.5 2.33 10 100 0.5 <2 3.27 <0.5 125 3230 179 10.50 10 0.28

H347962 2.39 <0.5 2.25 8 120 0.5 <2 3.27 <0.5 133 3380 269 10.70 10 0.32H347963 2.35 <0.5 2.15 10 90 0.5 <2 3.05 <0.5 132 3550 296 10.75 10 0.30H347963 CRD 0.02 0.6 2.10 <5 90 0.5 <2 3.05 <0.5 130 3640 288 10.85 10 0.29H347964 2.42 <0.5 2.12 <5 100 <0.5 <2 3.10 <0.5 124 3620 260 10.40 10 0.26H347965 2.38 <0.5 2.17 <5 100 0.5 <2 3.10 <0.5 127 3670 336 10.45 10 0.24

H347966 2.33 <0.5 2.25 <5 110 0.5 <2 3.04 <0.5 130 3540 290 10.50 10 0.26H347967 2.34 0.6 2.44 5 110 0.6 <2 3.08 <0.5 130 3570 633 10.35 10 0.28H347968 2.39 <0.5 2.45 5 120 0.6 <2 3.13 <0.5 125 3450 286 10.45 10 0.35H347969 2.38 <0.5 2.45 9 110 0.5 <2 3.25 <0.5 121 3550 204 10.25 10 0.33H347970 1.13 <0.5 2.27 7 120 0.5 <2 3.21 <0.5 125 3510 271 10.40 10 0.36

H347971 2.38 <0.5 2.91 19 120 0.6 <2 3.54 <0.5 117 3240 281 10.25 10 0.31H347972 2.40 0.6 2.73 11 110 0.6 <2 3.52 <0.5 118 3210 433 10.20 10 0.31H347973 2.28 <0.5 2.82 <5 130 0.5 <2 3.66 <0.5 121 3020 511 10.40 10 0.27H347974 2.42 <0.5 2.81 <5 130 0.6 <2 3.59 <0.5 111 2870 228 9.82 10 0.32H347975 2.28 <0.5 2.77 15 130 0.8 <2 3.55 <0.5 110 2760 186 9.53 10 0.36

H347976 2.48 <0.5 2.89 <5 160 0.8 <2 3.32 <0.5 109 2640 187 9.71 10 0.41H347977 2.35 <0.5 3.00 18 150 0.9 <2 3.15 <0.5 107 2630 137 9.37 10 0.41H347978 2.31 <0.5 2.76 <5 130 0.6 <2 3.43 <0.5 110 2780 186 9.73 10 0.33H347979 2.34 <0.5 2.74 6 120 0.5 <2 3.50 <0.5 108 2700 302 9.65 10 0.27H347980 0.12 <0.5 6.88 7 60 <0.5 3 4.97 <0.5 78 3500 690 6.50 10 0.17

H347981 2.30 <0.5 3.18 <5 150 0.7 <2 3.83 <0.5 108 2740 257 9.74 10 0.32H347982 2.36 <0.5 3.22 13 160 0.9 <2 3.76 <0.5 101 2420 251 9.23 10 0.45H347983 2.31 <0.5 3.50 6 170 0.9 <2 4.22 <0.5 98 2500 169 9.63 10 0.44H347983 CRD 0.02 <0.5 3.51 <5 170 0.9 <2 4.24 <0.5 97 2550 176 9.65 10 0.44H347984 2.00 <0.5 4.55 14 210 1.1 <2 3.84 <0.5 68 1530 575 7.27 10 1.18

Page: 3 - BTotal # Pages: 4 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-218 SL

CERTIFICATE OF ANALYSIS TB09128223

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H347947 20 16.90 1435 <1 0.78 1075 500 6 0.34 <5 13 282 <20 0.58 <10H347948 10 16.50 1455 <1 0.77 1020 530 4 0.49 <5 13 291 <20 0.55 <10H347949 10 17.10 1510 1 0.74 1060 500 6 0.58 <5 13 288 <20 0.55 <10H347950 10 0.21 547 <1 2.76 1 180 8 <0.01 <5 4 173 <20 0.11 <10H347951 10 16.45 1435 <1 0.71 1020 480 <2 0.61 <5 12 268 <20 0.53 <10

H347952 10 17.10 1500 <1 0.71 1060 520 2 0.66 <5 13 276 <20 0.55 <10H347953 10 16.70 1500 <1 0.66 1030 510 <2 0.60 <5 12 298 <20 0.54 <10H347954 10 16.65 1500 <1 0.66 1000 520 4 0.48 <5 12 281 <20 0.53 <10H347955 10 15.75 1415 <1 0.63 987 490 6 0.12 <5 12 253 <20 0.55 <10H347956 10 16.05 1505 <1 0.68 1010 530 5 0.30 <5 12 279 <20 0.57 <10

H347957 10 16.00 1490 <1 0.78 929 520 <2 0.64 <5 16 274 <20 0.60 <10H347958 20 15.20 1475 <1 0.82 995 710 3 0.51 <5 15 334 <20 0.67 <10H347959 10 16.15 1500 <1 0.65 1130 510 3 0.31 <5 15 290 <20 0.59 <10H347960 <10 6.11 823 1 1.14 2870 90 8 1.65 <5 15 82 <20 0.12 <10H347961 10 16.15 1480 1 0.66 1120 450 <2 0.33 <5 15 258 <20 0.63 <10

H347962 10 16.65 1585 <1 0.65 1200 500 4 0.81 <5 15 295 <20 0.59 <10H347963 10 16.85 1485 <1 0.61 1290 470 2 0.65 <5 14 228 <20 0.56 <10H347963 CRD 10 16.85 1480 1 0.59 1250 470 7 0.65 <5 14 218 <20 0.56 <10H347964 10 16.40 1420 1 0.57 1220 530 3 0.90 <5 14 262 <20 0.56 <10H347965 10 16.70 1475 <1 0.56 1310 530 3 0.94 <5 14 266 <20 0.58 <10

H347966 10 16.90 1495 1 0.63 1360 520 3 0.50 <5 14 278 <20 0.60 <10H347967 10 16.25 1405 <1 0.69 1450 520 3 0.23 <5 14 255 <20 0.65 <10H347968 20 16.55 1450 <1 0.74 1270 540 3 0.53 <5 14 265 <20 0.65 <10H347969 20 16.20 1430 1 0.71 1230 580 3 1.27 <5 15 290 <20 0.67 <10H347970 20 16.30 1530 1 0.67 1300 560 4 1.41 <5 13 273 <20 0.64 <10

H347971 20 15.95 1630 <1 0.77 1260 620 7 1.17 <5 15 315 <20 0.68 <10H347972 10 15.25 1525 <1 0.67 1280 680 5 0.71 <5 16 344 <20 0.74 <10H347973 10 15.60 1450 <1 0.58 1320 780 4 0.24 <5 16 373 <20 0.75 <10H347974 10 14.80 1420 <1 0.63 1110 720 11 0.22 <5 16 312 <20 0.72 <10H347975 20 14.40 1405 1 0.74 1110 630 15 0.30 <5 15 291 <20 0.69 <10

H347976 20 14.70 1345 <1 0.89 1110 570 4 0.07 <5 15 301 <20 0.69 <10H347977 20 14.25 1320 1 0.89 1050 540 4 0.18 <5 15 292 <20 0.71 <10H347978 10 14.60 1435 <1 0.77 1100 600 4 0.90 <5 15 336 <20 0.75 <10H347979 10 14.40 1375 <1 0.72 1150 780 6 0.69 <5 15 331 <20 0.77 <10H347980 10 10.05 1150 <1 0.82 1380 160 5 0.33 <5 19 187 <20 0.12 <10

H347981 20 13.90 1405 1 0.89 1110 790 3 0.28 <5 17 362 <20 0.82 <10H347982 20 12.70 1300 <1 1.00 990 710 4 0.62 <5 17 362 <20 0.80 <10H347983 20 12.75 1355 1 1.08 937 740 6 0.37 <5 19 369 <20 0.88 <10H347983 CRD 20 12.80 1360 <1 1.09 916 750 3 0.38 <5 19 372 <20 0.89 <10H347984 30 8.37 1190 1 1.52 806 600 37 0.81 <5 17 272 <20 0.69 <10

Page: 3 - CTotal # Pages: 4 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-218 SL

CERTIFICATE OF ANALYSIS TB09128223

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H347947 <10 125 <10 107 0.002 0.0167 0.011H347948 <10 122 <10 109 0.003 0.0205 0.014H347949 <10 122 <10 111 0.004 0.0379 0.027H347950 10 14 <10 26 0.001 <0.0005 <0.001H347951 <10 117 <10 104 0.004 0.0328 0.028

H347952 <10 120 <10 108 0.004 0.0444 0.038H347953 <10 118 <10 108 0.003 0.0393 0.028H347954 <10 120 10 112 0.005 0.0462 0.040H347955 <10 119 <10 105 0.004 0.0463 0.039H347956 <10 123 <10 115 0.006 0.0557 0.049

H347957 <10 133 <10 106 0.004 0.0435 0.038H347958 <10 141 10 108 0.007 0.0583 0.056H347959 <10 140 <10 110 0.005 0.0340 0.031H347960 <10 76 <10 70 0.059 0.198 0.714H347961 <10 141 <10 111 0.004 0.0361 0.033

H347962 <10 140 <10 132 0.007 0.0638 0.063H347963 <10 134 <10 118 0.007 0.0692 0.071H347963 CRD <10 134 <10 120 0.007 0.0674 0.066H347964 <10 136 <10 106 0.007 0.0646 0.067H347965 <10 140 <10 111 0.008 0.0749 0.076

H347966 <10 142 <10 112 0.007 0.0615 0.061H347967 <10 148 <10 107 0.014 0.149 0.150H347968 <10 150 10 108 0.007 0.0653 0.063H347969 <10 149 <10 108 0.006 0.0437 0.041H347970 <10 148 <10 124 0.008 0.0594 0.057

H347971 <10 152 <10 127 0.006 0.0580 0.057H347972 <10 155 <10 111 0.010 0.0996 0.104H347973 <10 158 <10 109 0.010 0.105 0.109H347974 <10 153 <10 158 0.005 0.0430 0.041H347975 <10 148 <10 259 0.004 0.0291 0.029

H347976 <10 150 <10 101 0.004 0.0345 0.029H347977 <10 147 <10 106 0.003 0.0174 0.017H347978 <10 148 <10 119 0.005 0.0365 0.034H347979 <10 153 <10 106 0.007 0.0646 0.064H347980 <10 111 <10 303 0.107 >1.00 0.589 0.13 1.27 0.56

H347981 <10 169 <10 110 0.005 0.0459 0.044H347982 <10 166 <10 116 0.007 0.0563 0.054H347983 <10 186 <10 113 0.004 0.0306 0.025H347983 CRD <10 185 <10 110 0.005 0.0314 0.026H347984 <10 144 <10 125 0.009 0.106 0.111

Page: 4 - ATotal # Pages: 4 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-218 SL

CERTIFICATE OF ANALYSIS TB09128223

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H347985 3.63 <0.5 6.79 <5 670 1.2 3 0.19 <0.5 4 17 58 1.20 20 5.37H347986 3.84 <0.5 6.80 <5 460 1.1 <2 0.17 <0.5 2 14 2 0.53 20 5.73H347987 4.28 <0.5 6.70 8 590 1.2 <2 0.51 <0.5 1 15 <1 0.97 20 4.69H347988 2.09 <0.5 6.67 <5 510 1.5 2 0.55 <0.5 3 9 2 1.24 20 4.00H347989 1.34 <0.5 7.76 13 300 2.0 <2 2.94 <0.5 40 10 43 8.74 20 1.42

H347990 0.09 <0.5 6.08 <5 880 1.0 <2 1.31 <0.5 3 22 13 1.56 10 2.22H347991 4.21 <0.5 6.50 <5 580 1.4 <2 0.62 <0.5 2 11 <1 0.97 20 4.10H347992 4.53 <0.5 6.62 <5 590 1.5 <2 0.56 <0.5 1 12 1 1.05 20 4.17

Page: 4 - BTotal # Pages: 4 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-218 SL

CERTIFICATE OF ANALYSIS TB09128223

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H347985 50 0.32 106 <1 2.12 47 200 64 0.56 <5 3 171 30 0.09 <10H347986 10 0.18 65 <1 1.96 7 140 77 0.21 <5 1 164 <20 0.02 <10H347987 50 0.26 134 <1 2.42 10 360 26 0.06 <5 3 146 30 0.10 <10H347988 50 0.33 137 <1 2.30 <1 340 21 0.23 <5 3 131 30 0.12 <10H347989 40 3.34 956 <1 3.03 40 1730 8 1.24 12 19 268 <20 1.82 <10

H347990 10 0.18 559 <1 2.81 1 190 7 0.01 <5 4 174 <20 0.12 <10H347991 50 0.24 154 1 2.47 <1 250 25 0.02 <5 3 142 30 0.10 <10H347992 60 0.27 169 <1 2.53 <1 260 23 0.02 <5 3 143 30 0.12 <10

Page: 4 - CTotal # Pages: 4 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-218 SL

CERTIFICATE OF ANALYSIS TB09128223

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H347985 10 8 <10 37 0.002 0.0128 0.014H347986 20 2 <10 29 0.002 <0.0005 <0.001H347987 10 9 <10 14 0.001 0.0006 0.001H347988 10 17 <10 11 0.001 <0.0005 <0.001H347989 <10 304 <10 113 0.001 0.0005 0.001

H347990 10 15 <10 26 0.001 <0.0005 <0.001H347991 10 10 <10 18 0.001 0.0007 0.001H347992 10 11 <10 23 0.001 <0.0005 <0.001

ALS CODE DESCRIPTION

SAMPLE PREPARATION

WEI-21 Received Sample WeightLOG-21d Sample logging - ClientBarCode DupSPL-21d Split sample - duplicatePUL-31d Pulverize Split - duplicateSPL-34 Pulp Splitting ChargeLOG-22 Sample login - Rcd w/o BarCodeCRU-31 Fine crushing - 70% <2mmSPL-21 Split sample - riffle splitterPUL-31 Pulverize split to 85% <75 umLOG-23 Pulp Login - Rcvd with BarcodeCRU-QC Crushing QC TestPUL-QC Pulverizing QC Test

ALS CODE DESCRIPTION INSTRUMENT

ANALYTICAL PROCEDURES

PGM-MS23 ICP-MSPt, Pd, Au 30g FA ICP-MSPGM-ICP27 ICP-AESOre grade Pt, Pd and Au by ICPME-ICP61 ICP-AES33 element four acid ICP-AES

CERTIFICATE TB09128224

This report is for 60 Drill Core samples submitted to our lab in Thunder Bay, ON, Canada on 12-NOV-2009.

Project: SD09-219 SLP.O. No.:

The following have access to data associated with this certificate:JUSTIN JOHNSON ALLAN MACTAVISH MGMAM DATA SUPPORTKEITH WATKINS

MAGMA METALS (CANADA) LIMITEDATTN: MGMAM DATA SUPPORTP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Page: 1Finalized Date: 19-NOV-2009

Account: MGMAM

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature:

Colin Ramshaw, Vancouver Laboratory Manager

ALS Chemex

Page: 2 - ATotal # Pages: 3 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-219 SL

CERTIFICATE OF ANALYSIS TB09128224

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H347855 4.69 <0.5 7.01 <5 1000 1.4 <2 0.21 <0.5 2 13 1 1.22 20 5.88H347856 3.08 <0.5 6.70 8 1040 1.1 <2 0.21 <0.5 2 15 2 1.27 20 5.96H347857 3.28 <0.5 5.78 13 170 1.7 <2 3.57 4.3 34 261 80 5.44 20 1.76H347858 3.48 <0.5 5.11 6 110 1.6 <2 4.28 <0.5 59 462 200 8.83 20 0.36H347859 3.09 <0.5 3.66 5 180 1.0 <2 4.79 <0.5 96 1090 296 9.16 10 0.50

H347860 0.11 <0.5 6.93 <5 60 <0.5 <2 5.01 <0.5 77 3600 690 6.54 10 0.17H347861 2.44 <0.5 3.46 7 180 0.8 <2 3.66 <0.5 106 1370 255 9.92 10 0.51H347862 2.31 <0.5 3.52 7 180 0.8 <2 3.77 <0.5 101 1280 297 9.47 10 0.49H347863 1.15 0.5 3.26 <5 160 0.7 <2 4.43 <0.5 122 1060 1285 10.15 10 0.44H347863 CRD 0.02 0.6 3.49 <5 170 0.7 <2 4.68 <0.5 124 1150 1220 10.45 10 0.48

H347864 1.21 <0.5 3.74 5 180 0.8 <2 4.56 <0.5 97 1180 211 9.58 10 0.51H347865 2.16 <0.5 3.69 6 160 0.8 <2 3.98 <0.5 99 1090 291 9.89 10 0.51H347866 2.42 <0.5 3.51 <5 160 0.7 <2 4.93 <0.5 85 848 230 9.33 10 0.46H347867 2.29 <0.5 3.33 10 170 0.7 <2 4.52 <0.5 96 1010 149 9.69 10 0.48H347868 2.73 <0.5 2.98 <5 140 0.6 <2 3.92 <0.5 107 1180 361 10.10 10 0.42

H347869 2.53 <0.5 3.12 9 150 0.6 <2 4.72 <0.5 98 1100 261 9.64 10 0.46H347870 0.09 <0.5 5.96 8 870 1.0 <2 1.27 <0.5 3 23 16 1.55 10 2.18H347871 2.59 <0.5 2.99 12 140 0.6 <2 4.39 <0.5 102 1090 315 9.89 10 0.43H347872 2.59 <0.5 2.93 10 140 0.6 <2 4.18 <0.5 112 1050 359 10.00 10 0.37H347873 2.47 <0.5 2.59 <5 120 0.5 <2 3.59 <0.5 118 1170 454 10.05 10 0.33

H347874 2.53 <0.5 2.60 13 120 0.5 <2 3.69 <0.5 113 1200 300 9.92 10 0.34H347875 2.50 <0.5 2.39 7 120 0.5 <2 3.08 <0.5 123 1390 364 10.20 10 0.33H347876 2.62 <0.5 2.40 9 120 0.5 <2 3.00 <0.5 128 1380 571 10.65 10 0.31H347877 2.65 0.5 2.31 <5 110 0.5 <2 3.06 <0.5 128 1340 409 10.55 10 0.31H347878 2.58 <0.5 2.24 8 110 0.5 <2 3.00 <0.5 127 1310 284 10.45 10 0.29

H347879 2.56 <0.5 2.19 14 110 0.5 <2 2.92 <0.5 137 1330 398 10.35 <10 0.28H347880 0.12 <0.5 8.39 6 70 <0.5 <2 6.75 <0.5 105 424 3410 6.32 10 0.38H347881 2.58 <0.5 2.21 <5 120 0.5 <2 2.97 <0.5 143 1340 572 10.85 <10 0.29H347882 2.54 <0.5 2.28 <5 110 0.5 <2 3.31 <0.5 131 1160 393 10.50 <10 0.26H347883 2.47 <0.5 2.28 <5 120 0.5 <2 3.49 <0.5 134 1150 364 10.50 <10 0.30

H347883 CRD <0.02 <0.5 2.29 <5 120 0.5 <2 3.48 <0.5 134 1180 369 10.45 <10 0.30H347884 2.55 <0.5 2.49 <5 120 0.5 <2 4.30 <0.5 127 1020 262 10.45 <10 0.32H347885 2.54 <0.5 2.14 <5 110 0.5 <2 2.94 <0.5 136 1220 575 10.40 <10 0.31H347886 2.50 <0.5 2.33 6 130 0.5 <2 4.02 <0.5 119 1140 308 9.76 <10 0.30H347887 2.50 <0.5 2.41 11 110 0.5 <2 4.08 <0.5 123 1030 287 10.00 <10 0.29

H347888 2.25 <0.5 2.36 9 100 0.5 <2 3.44 <0.5 134 1130 392 10.55 <10 0.29H347889 2.58 <0.5 2.26 11 110 0.5 <2 3.72 <0.5 122 1120 320 10.05 <10 0.29H347890 1.16 <0.5 2.26 <5 110 0.5 <2 3.78 <0.5 126 1080 511 10.05 <10 0.31H347891 2.65 <0.5 2.39 25 110 0.5 <2 3.86 <0.5 120 1070 246 9.93 <10 0.29H347892 2.50 <0.5 2.39 <5 120 0.5 <2 3.58 <0.5 125 1030 357 10.25 <10 0.29

Page: 2 - BTotal # Pages: 3 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-219 SL

CERTIFICATE OF ANALYSIS TB09128224

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H347855 40 0.29 202 <1 1.81 <1 410 9 0.58 <5 3 148 30 0.11 <10H347856 40 0.31 165 <1 1.51 <1 450 9 0.54 <5 3 131 20 0.11 <10H347857 30 4.28 1555 1 1.83 117 1150 37 0.42 <5 20 94 <20 1.05 <10H347858 20 7.95 2230 1 1.61 249 1160 194 0.11 6 29 167 <20 1.23 <10H347859 20 10.85 1530 1 0.90 641 810 7 0.19 <5 19 341 <20 0.86 <10

H347860 10 10.10 1160 1 0.83 1350 160 8 0.33 <5 20 188 <20 0.12 <10H347861 20 12.60 1415 <1 0.91 747 790 6 0.13 <5 18 379 <20 0.82 <10H347862 20 11.65 1345 <1 0.88 718 810 5 0.24 <5 18 375 <20 0.85 <10H347863 20 10.70 1320 <1 0.86 1220 740 2 0.69 <5 21 380 <20 0.81 <10H347863 CRD 20 11.20 1385 1 0.90 1170 760 2 0.61 <5 23 405 <20 0.87 <10

H347864 20 11.45 1435 <1 0.92 600 840 5 0.15 <5 21 419 <20 0.88 <10H347865 20 11.55 1390 <1 0.76 631 860 6 0.19 <5 23 324 <20 0.92 <10H347866 20 11.35 1425 <1 0.65 495 810 4 0.20 <5 25 285 <20 0.88 <10H347867 20 12.00 1445 <1 0.80 589 780 3 0.13 <5 22 347 <20 0.83 <10H347868 20 13.30 1465 <1 0.74 728 710 3 0.19 <5 19 349 <20 0.74 <10

H347869 20 12.40 1430 <1 0.74 635 730 3 0.12 <5 23 339 <20 0.76 <10H347870 10 0.20 557 <1 2.76 1 180 7 <0.01 <5 4 173 <20 0.12 <10H347871 20 12.65 1460 <1 0.70 661 730 3 0.21 <5 21 311 <20 0.75 <10H347872 20 13.75 1505 1 0.75 766 690 3 0.16 <5 20 317 <20 0.71 <10H347873 10 14.10 1470 1 0.72 840 630 4 0.16 <5 17 290 <20 0.65 <10

H347874 10 14.10 1440 <1 0.69 813 630 3 0.11 <5 18 316 <20 0.65 <10H347875 10 14.95 1475 <1 0.62 890 610 3 0.13 <5 15 290 <20 0.60 <10H347876 10 15.70 1495 <1 0.60 1020 600 2 0.16 <5 15 296 <20 0.60 <10H347877 10 15.55 1495 <1 0.60 939 590 4 0.14 <5 15 294 <20 0.59 <10H347878 10 15.70 1490 <1 0.54 892 600 3 0.10 <5 15 271 <20 0.58 <10

H347879 10 15.80 1505 <1 0.45 1060 550 20 0.34 <5 14 272 <20 0.56 <10H347880 <10 5.90 823 2 1.10 2980 90 9 1.60 7 14 85 <20 0.11 <10H347881 10 16.45 1555 <1 0.53 1150 570 3 0.21 <5 15 265 <20 0.59 <10H347882 10 15.35 1530 <1 0.55 964 560 5 0.13 <5 17 288 <20 0.59 <10H347883 10 15.65 1540 <1 0.57 1020 570 4 0.13 <5 18 279 <20 0.60 <10

H347883 CRD 10 15.60 1535 <1 0.57 988 580 5 0.13 <5 18 280 <20 0.61 <10H347884 10 15.05 1565 <1 0.65 868 600 5 0.13 <5 21 310 <20 0.66 <10H347885 10 15.90 1500 <1 0.53 1140 540 5 0.23 <5 15 263 <20 0.57 <10H347886 10 14.20 1460 1 0.53 841 540 5 0.22 <5 20 276 <20 0.61 <10H347887 10 14.25 1510 <1 0.53 832 590 5 0.27 <5 21 289 <20 0.65 <10

H347888 10 15.80 1555 <1 0.49 1050 580 3 0.23 <5 17 290 <20 0.63 <10H347889 10 14.60 1510 <1 0.50 873 570 7 0.37 <5 18 263 <20 0.61 <10H347890 10 14.65 1485 <1 0.52 961 570 3 0.18 <5 19 262 <20 0.62 <10H347891 10 14.30 1495 <1 0.51 847 590 16 0.54 <5 19 282 <20 0.63 <10H347892 10 14.90 1500 <1 0.55 947 590 3 0.15 <5 18 281 <20 0.63 <10

Page: 2 - CTotal # Pages: 3 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-219 SL

CERTIFICATE OF ANALYSIS TB09128224

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H347855 10 11 <10 11 0.002 0.0008 0.001H347856 10 11 <10 9 0.001 0.0005 0.001H347857 <10 194 <10 1290 0.004 0.0301 0.032H347858 <10 248 <10 305 0.004 0.0304 0.028H347859 <10 171 <10 109 0.008 0.0659 0.078

H347860 <10 113 <10 297 0.122 >1.00 0.575 0.10 1.23 0.55H347861 <10 165 <10 109 0.006 0.0505 0.056H347862 <10 168 10 114 0.008 0.0825 0.085H347863 <10 174 <10 101 0.018 0.322 0.416H347863 CRD <10 187 <10 106 0.018 0.300 0.393

H347864 <10 175 <10 104 0.006 0.0479 0.057H347865 <10 197 <10 107 0.007 0.0619 0.080H347866 <10 191 10 96 0.007 0.0524 0.059H347867 <10 173 <10 101 0.004 0.0341 0.038H347868 <10 157 <10 104 0.009 0.0780 0.097

H347869 <10 168 <10 96 0.006 0.0568 0.063H347870 10 15 <10 26 0.001 <0.0005 <0.001H347871 <10 167 <10 102 0.008 0.0678 0.101H347872 <10 150 <10 104 0.008 0.0679 0.084H347873 <10 138 <10 104 0.010 0.0855 0.118

H347874 <10 141 <10 101 0.007 0.0618 0.076H347875 <10 128 <10 114 0.009 0.0735 0.096H347876 <10 125 <10 106 0.011 0.1015 0.136H347877 <10 126 <10 105 0.009 0.0798 0.092H347878 <10 121 <10 102 0.007 0.0529 0.069

H347879 <10 119 <10 270 0.009 0.0904 0.110H347880 <10 77 <10 70 0.060 0.1955 0.715H347881 <10 127 <10 107 0.012 0.1200 0.153H347882 <10 130 <10 105 0.010 0.0837 0.103H347883 <10 131 <10 104 0.009 0.0725 0.083

H347883 CRD <10 133 <10 105 0.009 0.0710 0.086H347884 <10 149 <10 104 0.006 0.0610 0.069H347885 <10 121 <10 103 0.014 0.1380 0.190H347886 <10 140 <10 96 0.009 0.0790 0.098H347887 <10 149 <10 103 0.008 0.0734 0.085

H347888 <10 135 <10 106 0.011 0.0885 0.106H347889 <10 137 <10 99 0.009 0.0851 0.103H347890 <10 137 <10 99 0.011 0.1255 0.154H347891 <10 140 <10 291 0.007 0.0634 0.067H347892 <10 142 <10 103 0.009 0.0902 0.116

Page: 3 - ATotal # Pages: 3 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-219 SL

CERTIFICATE OF ANALYSIS TB09128224

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H347893 2.51 <0.5 2.44 5 110 0.5 <2 3.62 <0.5 125 1030 462 10.10 <10 0.30H347894 2.61 <0.5 2.57 <5 120 0.5 <2 3.48 <0.5 125 1360 364 10.20 <10 0.33H347895 2.53 <0.5 2.68 <5 120 0.5 <2 3.71 <0.5 122 1360 242 10.20 <10 0.31H347896 2.60 <0.5 2.53 <5 120 0.5 <2 3.40 <0.5 126 1500 264 10.50 <10 0.31H347897 2.51 <0.5 2.65 <5 110 0.5 <2 3.55 <0.5 124 1490 378 10.10 <10 0.31

H347898 2.53 <0.5 2.70 6 130 0.6 <2 3.58 <0.5 118 1680 355 10.15 <10 0.33H347899 2.51 <0.5 3.17 <5 140 0.6 <2 3.66 <0.5 118 2040 506 9.92 10 0.37H347900 0.12 <0.5 6.57 <5 60 <0.5 <2 4.77 <0.5 80 3510 649 6.24 10 0.15H347901 2.53 <0.5 3.10 <5 150 0.7 <2 3.78 <0.5 114 2200 264 9.95 <10 0.41H347902 2.58 <0.5 2.63 6 120 0.5 <2 3.23 <0.5 126 1530 405 10.10 <10 0.34

H347903 2.34 <0.5 2.44 8 110 0.5 <2 3.22 <0.5 133 2220 530 10.45 <10 0.30H347903 CRD 0.02 <0.5 2.44 11 110 0.5 <2 3.22 <0.5 128 2150 544 10.50 10 0.30H347904 2.30 <0.5 2.53 <5 120 0.5 <2 3.17 <0.5 117 3150 116 9.35 <10 0.26H347905 2.48 <0.5 2.41 <5 110 <0.5 <2 3.24 <0.5 115 3150 84 9.25 <10 0.21H347906 2.47 <0.5 2.59 <5 120 0.5 <2 3.33 <0.5 115 2490 175 9.64 <10 0.30

H347907 2.34 <0.5 3.10 <5 130 0.6 <2 4.22 <0.5 107 2010 183 9.80 10 0.35H347908 2.46 <0.5 3.02 9 130 0.6 <2 4.02 <0.5 107 1950 166 9.59 10 0.36H347909 2.45 <0.5 2.89 10 120 0.6 <2 3.98 <0.5 105 1970 137 9.55 10 0.37H347910 0.09 <0.5 6.13 11 900 1.0 <2 1.31 <0.5 2 24 15 1.59 10 2.06H347911 2.22 <0.5 3.01 7 110 0.7 <2 3.61 <0.5 104 1860 153 9.19 10 0.35

Page: 3 - BTotal # Pages: 3 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-219 SL

CERTIFICATE OF ANALYSIS TB09128224

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H347893 10 14.70 1480 <1 0.55 948 540 5 0.17 <5 18 283 <20 0.63 <10H347894 10 14.80 1505 <1 0.60 992 610 4 0.15 <5 18 288 <20 0.63 <10H347895 10 14.65 1500 <1 0.69 926 620 6 0.11 <5 18 318 <20 0.67 <10H347896 20 15.30 1530 1 0.72 1010 630 4 0.13 <5 17 292 <20 0.66 <10H347897 10 14.85 1475 <1 0.74 1020 560 3 0.22 <5 17 311 <20 0.63 <10

H347898 20 14.10 1480 <1 0.78 979 650 4 0.21 <5 18 307 <20 0.68 <10H347899 20 14.00 1420 <1 0.86 1120 690 4 0.21 <5 17 366 <20 0.79 <10H347900 10 9.66 1135 1 0.76 1380 150 10 0.31 7 19 182 <20 0.11 <10H347901 20 13.80 1445 <1 0.86 929 650 5 0.14 <5 18 331 <20 0.76 <10H347902 10 14.85 1455 <1 0.76 1060 560 3 0.32 <5 16 284 <20 0.64 <10

H347903 10 15.25 1505 <1 0.61 1260 510 2 0.48 <5 16 266 <20 0.63 <10H347903 CRD 10 15.40 1495 <1 0.62 1240 530 2 0.50 <5 16 269 <20 0.62 <10H347904 10 15.00 1355 <1 0.60 1150 550 3 0.14 <5 15 291 <20 0.57 <10H347905 10 14.85 1350 <1 0.52 1140 510 3 0.15 <5 15 290 <20 0.61 <10H347906 10 14.45 1405 <1 0.69 1020 580 3 0.27 <5 15 304 <20 0.65 <10

H347907 10 13.05 1465 <1 0.84 823 680 7 0.33 <5 18 371 <20 0.77 <10H347908 10 12.90 1430 <1 0.82 787 600 <2 0.32 <5 18 351 <20 0.71 <10H347909 20 12.90 1425 <1 0.77 782 690 3 0.31 <5 18 311 <20 0.77 <10H347910 10 0.23 584 1 2.64 3 180 11 <0.01 <5 5 177 <20 0.12 <10H347911 20 12.80 1430 1 0.67 780 760 4 0.22 <5 17 260 <20 0.73 <10

Page: 3 - CTotal # Pages: 3 (A - C)

Finalized Date: 19-NOV-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-219 SL

CERTIFICATE OF ANALYSIS TB09128224

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H347893 <10 136 <10 100 0.013 0.1300 0.159H347894 <10 145 <10 102 0.011 0.1255 0.143H347895 <10 145 <10 103 0.008 0.0665 0.081H347896 <10 149 <10 105 0.008 0.0793 0.085H347897 <10 140 <10 100 0.010 0.1110 0.123

H347898 <10 157 <10 108 0.009 0.0899 0.100H347899 <10 164 <10 104 0.014 0.1435 0.162H347900 <10 110 <10 286 0.116 >1.00 0.580 0.11 1.23 0.55H347901 <10 168 <10 104 0.007 0.0814 0.087H347902 <10 136 <10 101 0.010 0.1155 0.128

H347903 <10 146 <10 108 0.014 0.1460 0.157H347903 CRD <10 143 <10 106 0.013 0.1420 0.158H347904 <10 141 <10 99 0.004 0.0337 0.025H347905 <10 144 <10 100 0.003 0.0201 0.013H347906 <10 149 <10 102 0.005 0.0496 0.047

H347907 <10 173 <10 103 0.006 0.0591 0.061H347908 <10 163 <10 102 0.004 0.0379 0.033H347909 <10 161 <10 100 0.004 0.0293 0.019H347910 10 15 <10 28 0.001 <0.0005 <0.001H347911 <10 160 <10 100 0.005 0.0373 0.029

ALS CODE DESCRIPTION

SAMPLE PREPARATION

WEI-21 Received Sample WeightLOG-21d Sample logging - ClientBarCode DupSPL-21d Split sample - duplicatePUL-31d Pulverize Split - duplicateSPL-34 Pulp Splitting ChargeLOG-22 Sample login - Rcd w/o BarCodeCRU-31 Fine crushing - 70% <2mmSPL-21 Split sample - riffle splitterPUL-31 Pulverize split to 85% <75 umLOG-23 Pulp Login - Rcvd with BarcodeCRU-QC Crushing QC TestPUL-QC Pulverizing QC Test

ALS CODE DESCRIPTION INSTRUMENT

ANALYTICAL PROCEDURES

PGM-MS23 ICP-MSPt, Pd, Au 30g FA ICP-MSPGM-ICP27 ICP-AESOre grade Pt, Pd and Au by ICPME-ICP61 ICP-AES33 element four acid ICP-AES

CERTIFICATE TB09131514

This report is for 52 Drill Core samples submitted to our lab in Thunder Bay, ON, Canada on 19-NOV-2009.

Project: SD09-220 SLP.O. No.:

The following have access to data associated with this certificate:GMAM - CONSULTANT WEBTRIE JUSTIN JOHNSON ALLAN MACTAVISH

MGMAM DATA SUPPORT KEITH WATKINS

MAGMA METALS (CANADA) LIMITEDATTN: MGMAM DATA SUPPORTP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Page: 1Finalized Date: 21-JAN-2010

Account: MGMAM

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature:

Colin Ramshaw, Vancouver Laboratory Manager

ALS Chemex

Page: 2 - ATotal # Pages: 3 (A - C)

Finalized Date: 21-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-220 SL

CERTIFICATE OF ANALYSIS TB09131514

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H348051 4.62 <0.5 6.73 8 540 1.4 <2 0.18 <0.5 2 6 1 0.87 20 3.63H348052 4.41 <0.5 6.71 <5 600 1.6 <2 0.15 <0.5 2 7 <1 0.92 20 4.48H348053 3.27 <0.5 6.57 <5 510 2.0 <2 0.12 <0.5 1 6 1 0.81 20 4.38H348054 4.13 <0.5 7.02 <5 680 1.7 2 0.17 <0.5 1 10 2 0.99 20 5.46H348055 3.97 <0.5 6.88 5 670 1.7 2 0.14 <0.5 1 13 1 0.82 20 5.74

H348056 4.09 <0.5 6.92 <5 810 1.4 3 0.14 <0.5 2 9 2 1.26 20 5.86H348057 3.40 <0.5 6.23 <5 240 1.7 <2 5.59 <0.5 42 93 538 6.68 20 1.18H348058 3.20 <0.5 4.12 5 80 1.0 <2 7.81 0.5 51 640 277 7.32 10 0.27H348059 3.72 <0.5 4.84 5 260 1.0 <2 6.24 <0.5 66 555 171 8.74 10 0.40H348060 0.12 <0.5 7.09 <5 60 <0.5 3 5.05 <0.5 79 3460 696 6.46 10 0.16

H348061 4.57 <0.5 4.68 <5 220 1.0 <2 6.48 <0.5 72 639 166 9.14 10 0.48H348062 4.69 <0.5 4.73 <5 230 1.0 <2 6.59 <0.5 67 692 175 8.88 10 0.49H348063 2.39 <0.5 4.45 <5 210 0.9 <2 6.75 <0.5 74 753 251 8.99 10 0.44H348063 CRD <0.02 <0.5 4.38 <5 210 0.9 <2 6.68 <0.5 71 734 246 8.75 10 0.43H348064 2.39 <0.5 4.75 <5 250 1.0 <2 6.81 <0.5 68 636 238 8.89 10 0.50

H348065 2.80 <0.5 4.64 16 220 1.0 <2 5.97 <0.5 66 552 203 9.20 10 0.44H348066 2.57 <0.5 4.70 <5 240 1.0 <2 6.81 <0.5 66 546 253 8.52 10 0.47H348067 2.83 <0.5 4.82 7 200 1.0 <2 7.38 <0.5 60 574 158 8.50 10 0.32H348068 2.48 <0.5 4.83 <5 230 1.1 <2 7.66 <0.5 68 626 209 8.97 10 0.49H348069 2.51 <0.5 4.87 <5 250 1.0 <2 7.56 <0.5 62 580 158 8.83 10 0.49

H348070 0.09 <0.5 6.68 <5 950 1.0 <2 1.42 <0.5 3 23 16 1.62 10 2.13H348071 2.30 <0.5 4.46 <5 210 1.0 <2 7.35 <0.5 62 584 179 8.47 10 0.41H348072 2.33 <0.5 4.12 <5 210 0.9 <2 7.11 <0.5 80 636 412 9.71 10 0.43H348073 2.33 <0.5 4.29 5 140 0.9 <2 7.63 <0.5 70 543 480 8.61 10 0.28H348074 2.39 <0.5 4.80 <5 160 1.1 <2 7.64 <0.5 61 496 169 8.59 10 0.27

H348075 2.35 <0.5 4.41 <5 130 0.9 <2 6.58 <0.5 55 473 188 8.59 10 0.27H348076 2.50 <0.5 4.52 <5 190 0.9 <2 6.64 <0.5 75 680 280 9.03 10 0.37H348077 2.46 <0.5 3.84 <5 180 0.8 <2 7.00 <0.5 78 805 254 9.09 10 0.33H348078 2.33 <0.5 3.35 <5 150 0.7 <2 5.41 <0.5 97 1150 477 10.20 10 0.41H348079 2.10 <0.5 2.42 5 80 0.5 <2 4.99 <0.5 108 1300 390 8.90 <10 0.21

H348080 0.12 0.7 8.95 <5 70 <0.5 <2 6.92 <0.5 100 430 3570 6.33 10 0.39H348081 2.35 <0.5 2.11 <5 80 <0.5 <2 7.52 <0.5 103 1160 428 8.63 <10 0.16H348082 2.15 <0.5 2.36 <5 80 <0.5 <2 5.94 <0.5 103 869 336 9.41 10 0.19H348083 2.30 <0.5 3.22 <5 100 0.6 <2 6.10 <0.5 96 802 208 10.55 10 0.30H348083 CRD <0.02 <0.5 3.37 <5 110 0.6 <2 6.29 <0.5 100 863 218 10.90 10 0.32

H348084 2.47 <0.5 3.24 7 120 0.5 <2 4.84 <0.5 101 1020 198 10.45 10 0.28H348085 2.25 <0.5 3.30 <5 120 0.5 <2 4.67 <0.5 107 1030 281 10.50 10 0.31H348086 2.32 <0.5 3.29 <5 130 0.5 <2 4.27 <0.5 107 1040 238 10.15 10 0.35H348087 2.64 <0.5 3.27 <5 160 0.7 <2 3.88 <0.5 107 1060 214 10.05 10 0.43H348088 2.46 <0.5 3.08 <5 150 0.7 <2 3.54 <0.5 111 1020 408 9.28 10 0.42

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348098 TO H348100**

Page: 2 - BTotal # Pages: 3 (A - C)

Finalized Date: 21-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-220 SL

CERTIFICATE OF ANALYSIS TB09131514

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H348051 20 0.20 99 1 2.48 1 190 17 0.55 <5 3 128 20 0.06 <10H348052 20 0.21 125 <1 2.02 2 170 13 0.57 <5 3 138 20 0.05 <10H348053 10 0.19 135 <1 1.85 1 100 4 0.10 <5 2 118 <20 0.03 <10H348054 10 0.27 154 <1 1.56 4 240 11 0.36 <5 4 133 20 0.06 <10H348055 10 0.21 132 <1 1.37 1 230 10 0.25 <5 3 109 <20 0.04 <10

H348056 20 0.31 158 <1 1.31 3 280 4 0.49 <5 5 103 <20 0.11 <10H348057 30 4.88 2010 1 2.24 110 1100 113 0.46 <5 33 251 <20 1.31 <10H348058 20 8.11 2040 1 1.37 218 930 203 0.31 <5 42 151 <20 1.04 <10H348059 30 8.05 1640 1 1.26 284 1160 51 0.25 <5 29 493 <20 1.22 <10H348060 10 10.35 1190 1 0.81 1410 160 2 0.34 10 20 194 <20 0.12 <10

H348061 30 8.46 1415 1 1.31 339 1130 <2 0.24 <5 29 532 <20 1.16 <10H348062 30 8.17 1375 1 1.31 309 1120 3 0.17 <5 29 534 <20 1.17 <10H348063 20 8.79 1400 <1 1.20 362 1060 <2 0.24 <5 31 506 <20 1.12 <10H348063 CRD 20 8.72 1370 1 1.16 353 1020 3 0.21 <5 31 498 <20 1.09 <10H348064 30 8.25 1370 1 1.38 312 1120 <2 0.20 <5 32 559 <20 1.19 <10

H348065 30 8.75 1265 <1 1.21 263 1110 2 1.68 <5 30 457 <20 1.11 <10H348066 30 7.80 1330 <1 1.30 290 1110 <2 0.19 <5 31 524 <20 1.18 <10H348067 30 7.64 1330 1 1.41 232 1100 7 0.14 <5 34 526 <20 1.20 <10H348068 30 7.92 1385 1 1.42 269 1110 2 0.17 <5 36 555 <20 1.21 <10H348069 30 7.63 1400 1 1.45 235 1110 3 0.09 <5 36 567 <20 1.21 <10

H348070 10 0.22 599 <1 2.75 3 190 7 <0.01 <5 5 185 <20 0.12 <10H348071 30 7.51 1335 <1 1.31 236 1040 <2 0.24 <5 35 504 <20 1.13 <10H348072 20 9.13 1510 1 1.16 391 950 3 0.22 <5 31 453 <20 1.01 <10H348073 20 8.35 1360 1 1.14 336 940 <2 0.25 <5 34 441 <20 1.06 <10H348074 30 7.33 1365 1 1.39 222 1150 2 0.11 <5 37 522 <20 1.22 <10

H348075 20 8.98 1210 1 0.92 225 920 <2 0.08 <5 32 348 <20 1.08 <10H348076 20 8.81 1325 1 1.11 367 1010 <2 0.24 <5 32 484 <20 1.14 <10H348077 20 10.05 1490 1 0.75 404 850 2 0.15 <5 32 360 <20 1.00 <10H348078 20 11.20 1645 1 0.75 627 810 8 0.84 <5 26 339 <20 0.88 <10H348079 20 13.90 1885 1 0.46 724 510 <2 0.61 <5 32 211 <20 0.67 <10

H348080 10 6.17 835 1 1.14 2970 90 <2 1.69 <5 16 90 <20 0.12 <10H348081 10 13.15 1745 1 0.35 626 360 <2 0.21 <5 39 173 <20 0.58 <10H348082 10 12.60 1965 <1 0.41 598 480 3 0.38 <5 37 197 <20 0.71 <10H348083 20 10.90 1670 1 0.56 517 660 4 0.63 <5 30 290 <20 1.02 <10H348083 CRD 20 11.40 1710 1 0.61 539 700 <2 0.53 <5 31 315 <20 1.04 <10

H348084 20 12.45 1575 1 0.68 658 590 3 0.60 <5 25 362 <20 0.92 <10H348085 20 13.20 1550 <1 0.74 772 620 <2 0.20 <5 23 393 <20 1.05 <10H348086 20 13.30 1515 1 0.76 765 620 <2 0.19 <5 21 405 <20 0.93 <10H348087 20 13.50 1490 1 0.81 764 730 <2 0.19 <5 19 399 <20 0.87 <10H348088 20 13.20 1415 1 0.75 823 700 10 0.21 <5 18 379 <20 0.79 <10

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348098 TO H348100**

Page: 2 - CTotal # Pages: 3 (A - C)

Finalized Date: 21-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-220 SL

CERTIFICATE OF ANALYSIS TB09131514

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H348051 30 5 <10 23 0.001 <0.0005 <0.001H348052 30 4 <10 11 0.001 <0.0005 <0.001H348053 20 1 <10 5 0.001 <0.0005 <0.001H348054 30 4 <10 7 0.001 <0.0005 <0.001H348055 30 3 <10 3 0.001 <0.0005 <0.001

H348056 60 12 <10 5 0.001 <0.0005 <0.001H348057 10 288 <10 160 0.011 0.0136 0.003H348058 <10 223 <10 199 0.018 0.205 0.146H348059 <10 245 <10 114 0.004 0.0222 0.018H348060 10 115 <10 296 0.098 >1.00 0.590 0.10 1.13 0.53

H348061 <10 240 <10 103 0.003 0.0241 0.017H348062 <10 238 <10 101 0.004 0.0209 0.019H348063 <10 234 <10 100 0.007 0.0455 0.042H348063 CRD <10 231 <10 97 0.005 0.0440 0.039H348064 <10 250 <10 103 0.005 0.0474 0.031

H348065 <10 241 <10 76 0.004 0.0276 0.024H348066 <10 245 <10 101 0.005 0.0402 0.051H348067 <10 254 <10 94 0.005 0.0269 0.023H348068 <10 263 <10 120 0.007 0.0306 0.025H348069 <10 261 <10 97 0.004 0.0239 0.016

H348070 10 17 <10 28 0.002 <0.0005 <0.001H348071 <10 250 <10 93 0.005 0.0310 0.025H348072 <10 220 <10 105 0.009 0.0890 0.114H348073 <10 229 <10 95 0.014 0.129 0.157H348074 <10 266 <10 99 0.004 0.0303 0.014

H348075 <10 237 <10 99 0.004 0.0249 0.016H348076 <10 250 <10 99 0.005 0.0495 0.046H348077 <10 222 <10 98 0.007 0.0570 0.055H348078 <10 202 <10 127 0.009 0.0641 0.081H348079 <10 145 <10 93 0.017 0.134 0.114

H348080 10 79 <10 67 0.053 0.191 0.728H348081 <10 148 <10 80 0.009 0.0396 0.034H348082 <10 184 <10 90 0.006 0.0312 0.031H348083 <10 257 <10 148 0.004 0.0252 0.024H348083 CRD <10 267 <10 142 0.004 0.0251 0.022

H348084 <10 201 <10 108 0.005 0.0318 0.032H348085 <10 195 <10 107 0.005 0.0555 0.065H348086 <10 182 <10 104 0.005 0.0516 0.059H348087 <10 183 <10 103 0.005 0.0454 0.059H348088 <10 157 <10 99 0.008 0.0852 0.115

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348098 TO H348100**

Page: 3 - ATotal # Pages: 3 (A - C)

Finalized Date: 21-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-220 SL

CERTIFICATE OF ANALYSIS TB09131514

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H348089 1.11 <0.5 3.14 <5 150 0.7 <2 3.16 0.5 112 1045 430 9.68 10 0.47H348090 2.37 <0.5 3.06 <5 140 0.7 <2 2.82 <0.5 115 1040 463 9.48 10 0.35H348091 2.39 0.5 3.44 12 190 0.8 <2 2.44 0.6 113 1030 536 9.07 10 0.47H348092 2.42 <0.5 3.35 17 180 0.8 <2 2.88 <0.5 120 1125 1030 9.68 10 0.44H348093 2.39 <0.5 3.45 <5 170 0.8 <2 3.20 0.5 104 1435 389 9.07 10 0.44

H348094 2.32 <0.5 4.16 <5 180 0.8 <2 3.21 <0.5 98 1855 364 9.60 10 0.49H348095 2.31 <0.5 4.02 <5 200 1.0 <2 2.89 0.5 96 1990 249 9.23 10 0.54H348096 2.36 0.5 3.94 8 190 0.8 <2 2.30 0.5 108 3110 724 9.32 10 0.51H348097 2.32 1.0 3.15 <5 140 0.6 <2 2.85 <0.5 129 3650 1495 9.93 10 0.30H348098 2.37 <0.5 3.03 <5 130 0.6 <2 3.02 <0.5 116 3320 453 9.46 10 0.27

H348099 2.41 1.0 2.72 <5 110 0.6 <2 3.69 0.5 117 2620 1095 9.76 10 0.29H348100 0.12 <0.5 6.94 <5 60 <0.5 <2 4.85 0.5 81 3520 705 6.21 10 0.15

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348098 TO H348100**

Page: 3 - BTotal # Pages: 3 (A - C)

Finalized Date: 21-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-220 SL

CERTIFICATE OF ANALYSIS TB09131514

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H348089 20 13.90 1455 1 0.79 927 760 7 0.24 <5 16 374 <20 0.75 <10H348090 20 14.10 1450 <1 0.70 909 730 4 0.27 <5 15 370 <20 0.77 <10H348091 20 13.65 1415 <1 0.75 913 800 6 0.56 <5 12 375 <20 0.76 <10H348092 20 13.65 1505 <1 0.74 1160 730 5 0.86 <5 14 356 <20 0.76 <10H348093 20 12.55 1370 <1 0.88 879 750 3 0.20 <5 15 386 <20 0.79 <10

H348094 20 12.10 1445 <1 0.92 878 850 4 0.26 <5 15 464 <20 0.91 <10H348095 20 11.90 1390 <1 0.98 856 1470 4 0.14 <5 12 464 <20 0.91 <10H348096 20 13.00 1410 1 0.88 1235 1150 11 0.44 <5 10 429 <20 0.84 <10H348097 20 14.45 1425 <1 0.70 1700 830 <2 0.61 <5 14 383 <20 0.70 <10H348098 20 14.40 1430 <1 0.74 1150 810 6 0.18 <5 15 367 <20 0.68 <10

H348099 20 13.60 1445 <1 0.69 1235 630 5 0.39 <5 18 310 <20 0.67 <10H348100 10 9.90 1175 <1 0.77 1385 160 3 0.34 <5 20 198 <20 0.12 <10

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348098 TO H348100**

Page: 3 - CTotal # Pages: 3 (A - C)

Finalized Date: 21-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-220 SL

CERTIFICATE OF ANALYSIS TB09131514

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H348089 <10 154 <10 106 0.009 0.100 0.130H348090 <10 146 <10 102 0.009 0.109 0.134H348091 <10 136 <10 103 0.010 0.120 0.155H348092 <10 139 <10 107 0.017 0.230 0.300H348093 <10 156 <10 98 0.007 0.102 0.136

H348094 <10 188 <10 107 0.008 0.108 0.119H348095 <10 183 <10 109 0.006 0.0788 0.092H348096 <10 176 <10 119 0.014 0.190 0.223H348097 <10 162 <10 109 0.027 0.403 0.489H348098 <10 160 <10 104 0.012 0.1160 0.124

H348099 10 160 <10 104 0.025 0.298 0.340H348100 <10 112 <10 294 0.110 >1.00 0.574 0.11 1.22 0.56

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348098 TO H348100**

ALS CODE DESCRIPTION

SAMPLE PREPARATION

WEI-21 Received Sample WeightLOG-21d Sample logging - ClientBarCode DupSPL-21d Split sample - duplicatePUL-31d Pulverize Split - duplicateSPL-34 Pulp Splitting ChargeLOG-22 Sample login - Rcd w/o BarCodeCRU-31 Fine crushing - 70% <2mmSPL-21 Split sample - riffle splitterPUL-31 Pulverize split to 85% <75 umLOG-23 Pulp Login - Rcvd with BarcodeCRU-QC Crushing QC TestPUL-QC Pulverizing QC Test

ALS CODE DESCRIPTION INSTRUMENT

ANALYTICAL PROCEDURES

PGM-MS23 ICP-MSPt, Pd, Au 30g FA ICP-MSPGM-ICP27 ICP-AESOre grade Pt, Pd and Au by ICPME-ICP61 ICP-AES33 element four acid ICP-AES

CERTIFICATE TB09131515

This report is for 82 Drill Core samples submitted to our lab in Thunder Bay, ON, Canada on 19-NOV-2009.

Project: SD09-221 SLP.O. No.:

The following have access to data associated with this certificate:JUSTIN JOHNSON ALLAN MACTAVISH MGMAM DATA SUPPORTKEITH WATKINS

MAGMA METALS (CANADA) LIMITEDATTN: MGMAM DATA SUPPORTP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Page: 1Finalized Date: 2-DEC-2009

Account: MGMAM

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature:

Colin Ramshaw, Vancouver Laboratory Manager

ALS Chemex

Page: 2 - ATotal # Pages: 4 (A - C)

Finalized Date: 2-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-221 SL

CERTIFICATE OF ANALYSIS TB09131515

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

E588459 1.08 <0.5 3.07 <5 150 0.7 <2 3.00 0.6 112 1015 443 9.24 10 0.44E588460 1.11 <0.5 2.95 <5 120 0.6 <2 3.60 0.6 107 2130 107 9.08 10 0.36E588461 2.04 <0.5 6.74 <5 580 1.5 <2 0.22 <0.5 2 19 1 0.85 20 4.66H348101 2.41 <0.5 3.05 <5 120 0.6 <2 5.06 0.6 95 1625 257 8.87 10 0.35H348102 2.47 <0.5 3.19 <5 130 0.7 <2 4.96 <0.5 92 1685 195 9.08 10 0.40

H348103 2.45 0.6 3.39 5 140 0.7 <2 4.29 <0.5 99 1530 413 9.37 10 0.41H348103 CRD <0.02 <0.5 3.46 <5 140 0.8 <2 4.40 <0.5 102 1560 364 9.45 10 0.42H348104 2.36 <0.5 3.17 <5 130 0.8 <2 3.62 0.6 109 1835 336 9.54 10 0.40H348105 2.21 <0.5 3.27 7 80 0.6 <2 3.72 0.5 90 1565 285 8.54 10 0.27H348106 2.37 <0.5 3.42 <5 150 0.8 <2 4.06 0.5 101 1755 242 9.16 10 0.42

H348107 2.36 0.5 3.41 5 160 0.9 <2 3.93 0.5 103 1735 363 9.27 10 0.42H348108 2.35 <0.5 3.17 7 130 0.7 <2 3.72 <0.5 100 1980 246 9.01 10 0.41H348109 2.51 <0.5 3.26 <5 140 0.8 <2 3.82 0.5 99 1940 246 8.92 10 0.47H348110 0.09 <0.5 6.29 <5 870 1.0 <2 1.32 <0.5 3 28 14 1.52 10 2.00H348111 2.28 <0.5 3.36 6 160 0.8 <2 3.60 0.6 105 1930 294 8.78 10 0.45

H348112 2.34 <0.5 3.42 <5 150 0.8 <2 3.78 0.6 102 2340 207 8.68 10 0.44H348113 2.40 <0.5 3.21 <5 150 0.8 <2 3.41 <0.5 105 2240 280 8.91 10 0.45H348114 2.33 <0.5 3.61 <5 180 0.9 <2 3.36 0.5 99 2170 154 8.72 10 0.51H348115 2.39 <0.5 3.43 <5 150 0.9 <2 3.90 0.5 98 2130 172 8.76 10 0.53H348116 2.34 <0.5 3.68 <5 170 0.9 <2 3.55 0.5 98 2200 113 9.09 10 0.54

H348117 2.27 <0.5 3.11 <5 130 0.7 <2 3.85 0.5 102 2520 325 9.01 10 0.38H348118 2.31 <0.5 3.11 <5 130 0.7 <2 3.88 0.6 102 2800 200 9.01 10 0.35H348119 2.33 <0.5 3.02 <5 110 0.7 <2 3.69 0.5 106 2890 259 9.09 10 0.31H348120 0.12 0.9 8.36 <5 70 <0.5 <2 6.67 0.5 99 417 3500 6.06 10 0.38H348121 2.43 <0.5 2.92 <5 140 0.7 <2 3.55 <0.5 105 2990 125 8.99 10 0.41

H348122 2.18 0.6 2.92 <5 130 0.7 <2 3.29 <0.5 106 2890 153 9.15 10 0.45H348123 2.27 <0.5 2.92 <5 120 0.6 <2 3.48 <0.5 101 2760 135 9.03 10 0.34H348123 CRD <0.02 <0.5 2.98 <5 120 0.6 <2 3.49 <0.5 105 2780 140 9.07 10 0.34H348124 2.24 <0.5 2.98 11 90 0.6 <2 3.62 <0.5 103 2660 123 9.01 10 0.32H348125 2.35 <0.5 2.82 <5 100 0.6 <2 3.64 <0.5 106 2490 143 9.20 10 0.35

H348126 2.53 <0.5 2.83 9 150 0.7 <2 3.54 <0.5 101 2270 116 8.67 10 0.39H348127 2.33 <0.5 2.86 <5 120 0.7 <2 3.56 <0.5 107 2150 124 9.04 10 0.36H348128 2.46 <0.5 2.78 <5 130 0.6 <2 3.50 <0.5 101 1990 111 8.85 10 0.37H348129 1.06 <0.5 2.97 <5 130 0.6 <2 3.70 <0.5 105 2030 117 9.15 10 0.40H348130 2.35 <0.5 2.79 6 120 0.7 <2 3.73 <0.5 101 1950 110 9.30 10 0.30

H348131 2.37 <0.5 3.00 <5 140 0.7 <2 3.63 <0.5 101 1910 146 9.05 10 0.32H348132 2.34 <0.5 3.74 <5 120 0.9 <2 4.29 0.5 93 1650 638 9.11 10 0.36H348133 2.42 <0.5 3.17 <5 170 0.7 <2 3.89 <0.5 99 1930 205 9.18 10 0.39H348134 2.34 <0.5 3.07 5 160 0.7 <2 4.14 <0.5 100 2070 124 9.29 10 0.39H348135 2.39 <0.5 3.18 21 100 0.9 <2 3.85 <0.5 95 1790 152 8.82 10 0.36

Page: 2 - BTotal # Pages: 4 (A - C)

Finalized Date: 2-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-221 SL

CERTIFICATE OF ANALYSIS TB09131515

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

E588459 20 13.45 1390 <1 0.75 935 720 4 0.24 <5 15 382 <20 0.77 <10E588460 20 13.75 1380 <1 0.72 905 560 <2 0.11 <5 16 343 <20 0.71 <10E588461 50 0.25 74 <1 2.11 6 220 67 0.38 <5 3 162 30 0.08 <10H348101 20 11.75 1400 <1 0.80 672 640 <2 0.16 <5 24 355 <20 0.72 <10H348102 20 11.45 1415 <1 0.84 642 650 <2 0.13 <5 24 364 <20 0.80 <10

H348103 20 12.10 1425 <1 0.91 762 710 5 0.19 <5 21 384 <20 0.75 <10H348103 CRD 20 12.05 1445 <1 0.94 749 730 5 0.17 <5 21 394 <20 0.76 <10H348104 20 12.60 1480 <1 0.74 861 720 4 0.23 <5 18 290 <20 0.74 <10H348105 20 12.85 1415 <1 0.43 706 510 4 0.20 <5 19 178 <20 0.83 <10H348106 20 12.35 1420 <1 0.94 756 650 5 0.14 <5 19 378 <20 0.77 <10

H348107 20 12.70 1455 <1 0.94 824 670 2 0.31 <5 18 391 <20 0.75 <10H348108 20 12.40 1380 <1 0.83 796 780 4 0.32 <5 17 381 <20 0.74 <10H348109 20 12.25 1360 <1 0.93 770 710 5 0.16 <5 17 390 <20 0.75 <10H348110 10 0.22 573 <1 2.62 5 190 5 <0.01 <5 5 183 <20 0.12 <10H348111 20 13.15 1355 <1 0.94 844 680 2 0.23 <5 16 412 <20 0.70 <10

H348112 20 13.25 1350 <1 0.93 846 750 2 0.20 <5 17 414 <20 0.76 <10H348113 20 13.30 1380 <1 0.86 868 690 3 0.28 <5 16 359 <20 0.71 <10H348114 20 12.10 1325 <1 1.12 777 890 2 0.09 <5 15 426 <20 0.75 <10H348115 20 12.15 1340 <1 1.03 746 670 3 0.10 <5 18 391 <20 0.78 <10H348116 20 12.35 1370 <1 1.09 752 750 4 0.11 <5 16 424 <20 0.84 <10

H348117 20 12.80 1365 <1 0.78 850 580 3 0.18 <5 18 344 <20 0.76 <10H348118 20 12.75 1360 <1 0.85 837 570 2 0.11 <5 18 355 <20 0.74 <10H348119 20 13.05 1405 <1 0.71 927 570 4 0.17 <5 17 332 <20 0.70 <10H348120 10 5.85 822 2 1.04 3000 90 6 1.60 <5 14 85 <20 0.11 <10H348121 20 13.55 1375 1 0.76 924 610 3 0.21 <5 16 359 <20 0.71 <10

H348122 20 13.70 1390 1 0.77 939 640 3 0.19 <5 15 343 <20 0.73 <10H348123 20 13.25 1380 1 0.67 924 570 <2 0.24 <5 15 325 <20 0.69 <10H348123 CRD 20 13.35 1395 1 0.69 937 600 2 0.25 <5 15 333 <20 0.68 <10H348124 20 13.25 1465 <1 0.63 916 600 4 0.58 <5 16 322 <20 0.66 <10H348125 20 14.00 1410 1 0.61 961 630 3 0.38 <5 16 333 <20 0.69 <10

H348126 20 13.25 1370 <1 0.67 892 610 5 0.50 <5 15 372 <20 0.67 <10H348127 20 13.85 1375 1 0.72 937 580 2 0.10 <5 16 340 <20 0.68 <10H348128 20 13.20 1340 1 0.69 882 530 5 0.10 <5 16 350 <20 0.66 <10H348129 20 13.85 1395 <1 0.70 920 560 5 0.10 <5 16 339 <20 0.68 <10H348130 20 13.75 1480 1 0.63 884 570 5 0.35 <5 17 308 <20 0.67 <10

H348131 20 13.05 1375 1 0.75 857 650 5 0.23 <5 16 331 <20 0.70 <10H348132 20 11.55 1605 1 0.89 781 860 10 0.21 <5 19 327 <20 0.82 <10H348133 20 12.35 1525 1 0.68 812 600 13 0.30 <5 17 376 <20 0.79 <10H348134 20 12.85 1490 1 0.66 801 590 11 0.67 <5 18 357 <20 0.75 <10H348135 20 12.25 1370 1 0.72 758 660 27 1.78 <5 17 312 <20 0.67 <10

Page: 2 - CTotal # Pages: 4 (A - C)

Finalized Date: 2-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-221 SL

CERTIFICATE OF ANALYSIS TB09131515

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

E588459 <10 148 <10 100 0.008 0.105 0.134E588460 <10 145 <10 98 0.002 0.0153 0.012E588461 20 9 <10 5 0.001 0.0009 0.001H348101 <10 169 <10 94 0.005 0.0517 0.049H348102 <10 186 <10 99 0.004 0.0401 0.036

H348103 <10 176 <10 99 0.007 0.0848 0.100H348103 CRD <10 183 <10 100 0.006 0.0703 0.077H348104 <10 173 <10 104 0.007 0.0866 0.089H348105 <10 161 <10 88 0.005 0.0517 0.058H348106 <10 171 <10 98 0.005 0.0457 0.047

H348107 <10 165 <10 102 0.006 0.0727 0.074H348108 <10 159 <10 100 0.005 0.0565 0.058H348109 <10 159 <10 96 0.005 0.0490 0.047H348110 20 16 <10 25 0.001 0.0007 <0.001H348111 <10 145 <10 96 0.005 0.0634 0.064

H348112 <10 149 <10 95 0.004 0.0445 0.044H348113 <10 150 <10 95 0.007 0.0707 0.091H348114 <10 160 <10 100 0.003 0.0297 0.026H348115 <10 163 <10 97 0.003 0.0292 0.021H348116 <10 173 <10 103 0.002 0.0220 0.014

H348117 <10 158 <10 98 0.005 0.0583 0.058H348118 <10 169 <10 100 0.004 0.0397 0.032H348119 <10 160 <10 99 0.004 0.0549 0.056H348120 10 74 <10 64 0.045 0.191 0.680H348121 <10 154 <10 99 0.003 0.0273 0.021

H348122 <10 153 <10 100 0.003 0.0348 0.024H348123 <10 151 <10 100 0.003 0.0421 0.032H348123 CRD <10 152 <10 100 0.002 0.0295 0.022H348124 <10 151 <10 106 0.002 0.0199 0.012H348125 <10 148 <10 98 0.002 0.0254 0.021

H348126 <10 142 <10 96 0.003 0.0213 0.015H348127 <10 145 <10 97 0.002 0.0203 0.015H348128 <10 143 <10 95 0.002 0.0157 0.011H348129 <10 143 <10 99 0.002 0.0170 0.011H348130 <10 145 <10 102 0.002 0.0197 0.013

H348131 <10 153 <10 102 0.005 0.0266 0.021H348132 <10 193 <10 110 0.014 0.149 0.156H348133 <10 174 <10 130 0.004 0.0330 0.033H348134 <10 165 <10 128 0.003 0.0152 0.009H348135 <10 157 <10 170 0.004 0.0282 0.024

Page: 3 - ATotal # Pages: 4 (A - C)

Finalized Date: 2-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-221 SL

CERTIFICATE OF ANALYSIS TB09131515

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H348136 2.48 <0.5 3.40 <5 170 0.8 <2 4.36 <0.5 95 1800 224 9.10 10 0.37H348137 2.23 <0.5 3.86 <5 160 0.9 <2 4.33 <0.5 90 1750 200 9.02 10 0.48H348138 3.05 <0.5 4.00 <5 150 1.0 <2 4.06 0.5 88 1630 249 8.64 10 0.62H348139 3.83 <0.5 6.22 <5 450 1.6 <2 1.46 1.3 20 327 190 2.90 20 2.74H348140 0.12 <0.5 6.66 <5 60 <0.5 <2 4.81 <0.5 76 3360 676 6.11 10 0.16

H348141 3.79 <0.5 6.52 <5 630 1.6 <2 0.28 <0.5 2 29 5 1.02 20 4.71H348142 4.07 <0.5 6.78 <5 600 1.5 <2 0.31 <0.5 1 18 <1 0.99 20 4.28H348143 4.33 <0.5 6.66 <5 610 1.1 <2 0.26 <0.5 1 15 <1 0.93 20 4.84H348143 CRD 0.02 <0.5 6.62 <5 600 1.2 <2 0.26 <0.5 1 15 1 0.93 20 4.65H348144 2.43 <0.5 6.45 <5 240 1.4 <2 4.33 0.5 27 186 112 5.94 20 1.77

H348145 1.24 <0.5 3.27 <5 110 0.7 <2 5.87 0.5 85 1610 179 8.90 10 0.39H348146 2.35 <0.5 3.14 <5 130 0.7 <2 3.92 <0.5 100 2340 130 9.10 10 0.36H348147 2.43 <0.5 3.22 <5 140 0.8 <2 4.78 <0.5 98 2030 172 9.32 10 0.35H348148 2.43 <0.5 2.84 <5 140 0.7 <2 3.43 <0.5 106 2640 160 9.20 10 0.38H348149 2.46 <0.5 2.67 <5 140 0.7 4 3.20 <0.5 112 2870 189 9.23 10 0.37

H348150 0.09 <0.5 6.46 <5 930 1.0 3 1.35 <0.5 2 33 15 1.55 10 2.13H348151 2.49 <0.5 2.66 <5 120 0.6 <2 3.02 <0.5 114 2940 218 9.18 10 0.35H348152 2.41 <0.5 2.50 <5 120 0.7 <2 2.96 <0.5 114 3200 157 9.20 10 0.33H348153 2.33 <0.5 2.40 <5 110 0.6 <2 2.78 <0.5 117 3240 204 9.23 10 0.31H348154 2.34 <0.5 2.32 <5 110 0.6 <2 2.68 <0.5 116 3200 162 9.06 10 0.30

H348155 2.30 <0.5 2.18 <5 100 0.5 <2 2.59 <0.5 115 3160 129 9.16 10 0.25H348156 2.27 <0.5 2.11 <5 90 0.5 <2 2.61 <0.5 117 3500 104 9.26 10 0.26H348157 2.36 <0.5 2.14 <5 100 0.5 <2 2.69 <0.5 114 3370 134 8.97 10 0.25H348158 2.41 <0.5 2.11 <5 90 0.5 <2 2.61 <0.5 118 3190 152 9.17 10 0.26H348159 2.28 <0.5 2.13 <5 110 0.5 <2 2.64 0.5 121 2900 272 9.38 10 0.24

H348160 0.12 1.0 8.39 <5 70 <0.5 <2 6.68 <0.5 98 431 3460 6.10 10 0.38H348161 2.48 <0.5 2.16 <5 90 0.5 <2 2.52 <0.5 129 2640 241 9.96 10 0.22H348162 1.70 <0.5 2.22 <5 100 0.5 <2 2.28 <0.5 130 2000 135 10.05 10 0.23H348163 2.20 <0.5 2.25 <5 90 0.6 <2 2.54 <0.5 125 1270 170 9.82 10 0.30H348163 CRD <0.02 <0.5 2.28 5 90 0.6 <2 2.56 <0.5 124 1280 165 9.83 10 0.29

H348164 2.33 <0.5 2.60 11 90 0.7 <2 3.27 <0.5 114 785 162 9.80 10 0.32H348165 2.48 <0.5 3.00 <5 130 0.6 <2 3.93 <0.5 110 534 213 9.98 10 0.40H348166 2.91 <0.5 4.10 <5 170 0.7 <2 4.24 <0.5 93 526 107 9.51 10 0.40H348167 2.30 <0.5 3.55 <5 110 0.7 <2 3.53 <0.5 109 450 356 9.79 10 0.34H348168 1.65 <0.5 4.07 <5 160 1.4 <2 3.81 0.6 111 447 750 9.07 10 0.64

H348169 4.05 <0.5 6.46 <5 590 1.5 <2 0.30 <0.5 1 10 12 1.06 20 3.53H348170 1.88 <0.5 6.49 <5 570 1.4 <2 0.22 <0.5 1 8 2 0.90 20 3.66H348171 2.02 <0.5 6.55 <5 650 2.9 <2 0.58 <0.5 2 9 1 1.09 20 3.01H348172 2.09 <0.5 6.81 <5 540 10.4 2 0.54 <0.5 <1 9 <1 0.98 20 3.41H348173 0.73 <0.5 7.21 <5 380 2.0 <2 2.59 <0.5 22 13 14 5.12 20 1.87

Page: 3 - BTotal # Pages: 4 (A - C)

Finalized Date: 2-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-221 SL

CERTIFICATE OF ANALYSIS TB09131515

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H348136 20 12.05 1455 1 0.72 747 680 6 0.39 <5 19 375 <20 0.81 <10H348137 20 11.20 1405 1 0.92 685 770 6 0.32 <5 19 386 <20 0.89 <10H348138 20 10.60 1430 1 0.87 661 800 160 0.30 <5 19 308 <20 0.89 <10H348139 50 2.56 391 <1 2.34 163 250 664 0.37 <5 7 169 30 0.18 <10H348140 10 9.72 1160 1 0.72 1380 160 10 0.32 <5 19 189 <20 0.11 <10

H348141 40 0.49 66 1 1.90 7 220 15 0.35 <5 3 128 30 0.08 <10H348142 50 0.31 61 1 2.33 1 220 14 0.18 <5 3 174 30 0.08 <10H348143 50 0.28 50 <1 1.94 1 240 18 0.31 <5 2 154 20 0.08 <10H348143 CRD 50 0.28 48 <1 1.98 <1 240 22 0.32 <5 2 154 20 0.08 <10H348144 40 3.66 1145 1 2.15 114 980 111 0.30 <5 21 261 <20 1.14 <10

H348145 20 10.30 1520 1 0.71 653 660 109 0.12 <5 29 265 <20 0.96 <10H348146 20 13.10 1365 1 0.82 980 530 6 0.08 <5 18 364 <20 0.77 <10H348147 20 12.25 1430 1 0.76 868 780 2 0.12 <5 23 339 <20 0.88 <10H348148 20 13.90 1365 1 0.79 1090 600 2 0.07 <5 17 316 <20 0.74 <10H348149 20 14.50 1390 1 0.73 1175 700 3 0.13 <5 15 304 <20 0.69 <10

H348150 10 0.22 594 1 2.58 3 190 6 <0.01 <5 5 184 <20 0.12 <10H348151 20 14.90 1355 1 0.72 1230 520 7 0.73 <5 14 315 <20 0.63 <10H348152 20 15.30 1370 1 0.61 1260 540 5 0.46 <5 14 285 <20 0.62 <10H348153 20 15.55 1365 1 0.58 1330 520 4 0.08 <5 14 275 <20 0.62 <10H348154 20 15.35 1335 2 0.54 1315 520 7 0.07 <5 13 262 <20 0.61 <10

H348155 10 15.65 1385 1 0.48 1290 500 6 0.44 <5 13 246 <20 0.59 <10H348156 10 15.80 1355 1 0.45 1340 490 <2 0.72 <5 13 229 <20 0.58 <10H348157 10 15.50 1345 1 0.46 1365 480 <2 0.54 <5 13 246 <20 0.59 <10H348158 10 15.65 1355 1 0.45 1355 530 4 0.64 <5 13 243 <20 0.59 <10H348159 10 15.85 1445 1 0.38 1445 510 5 0.73 <5 13 252 <20 0.56 <10

H348160 <10 5.87 822 2 1.03 2990 90 4 1.60 <5 15 83 <20 0.12 <10H348161 10 15.50 1470 <1 0.40 1330 490 2 0.44 <5 13 232 <20 0.60 <10H348162 10 15.25 1490 1 0.42 1245 530 3 1.24 <5 13 241 <20 0.53 10H348163 10 14.35 1420 1 0.44 1165 530 6 1.47 <5 14 201 <20 0.57 <10H348163 CRD 10 14.30 1425 <1 0.45 1140 540 5 1.49 <5 14 206 <20 0.57 <10

H348164 20 13.25 1395 1 0.48 1020 610 8 1.67 <5 17 244 <20 0.67 <10H348165 10 12.50 1475 1 0.51 954 620 7 0.95 <5 22 276 <20 0.81 <10H348166 20 10.65 1530 1 0.83 726 670 4 1.09 <5 23 336 <20 1.27 <10H348167 20 11.60 1505 1 0.69 956 780 7 0.62 <5 20 311 <20 1.02 <10H348168 30 10.65 1285 1 0.93 1025 880 81 0.51 <5 19 363 <20 1.01 <10

H348169 40 0.28 93 1 1.75 6 180 109 0.44 <5 3 153 30 0.08 <10H348170 40 0.22 78 1 2.00 3 200 95 0.38 <5 3 148 30 0.08 <10H348171 60 0.27 188 <1 2.54 1 280 20 0.01 <5 3 151 30 0.12 <10H348172 50 0.20 204 1 2.34 1 320 21 0.01 <5 3 130 30 0.09 <10H348173 40 2.26 887 1 2.33 23 1060 13 0.36 <5 11 154 20 0.98 <10

Page: 3 - CTotal # Pages: 4 (A - C)

Finalized Date: 2-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-221 SL

CERTIFICATE OF ANALYSIS TB09131515

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H348136 <10 170 <10 101 0.005 0.0402 0.036H348137 <10 183 <10 104 0.004 0.0319 0.027H348138 <10 183 <10 192 0.004 0.0468 0.040H348139 20 36 <10 546 0.004 0.0426 0.044H348140 10 109 <10 288 0.084 >1.00 0.540 0.10 1.17 0.54

H348141 20 8 <10 4 0.001 0.0006 <0.001H348142 20 7 <10 2 0.001 0.0005 <0.001H348143 10 6 <10 2 0.001 <0.0005 <0.001H348143 CRD 10 6 <10 3 0.001 <0.0005 <0.001H348144 10 204 <10 156 0.002 0.0045 0.003

H348145 <10 210 <10 215 0.004 0.0186 0.011H348146 <10 161 <10 98 0.002 0.0201 0.014H348147 <10 189 <10 109 0.004 0.0256 0.019H348148 <10 158 <10 99 0.003 0.0254 0.020H348149 <10 150 <10 103 0.003 0.0288 0.024

H348150 10 15 <10 27 0.001 0.0005 <0.001H348151 <10 138 <10 98 0.005 0.0363 0.032H348152 <10 137 <10 103 0.003 0.0241 0.019H348153 <10 135 <10 98 0.004 0.0449 0.041H348154 <10 132 <10 100 0.003 0.0259 0.023

H348155 <10 127 <10 101 0.003 0.0289 0.025H348156 <10 130 <10 98 0.002 0.0188 0.013H348157 <10 130 <10 100 0.003 0.0371 0.036H348158 <10 130 <10 96 0.003 0.0271 0.026H348159 <10 130 <10 108 0.006 0.0613 0.062

H348160 <10 76 <10 65 0.051 0.202 0.753H348161 <10 135 <10 104 0.003 0.0242 0.026H348162 <10 132 <10 107 0.002 0.0122 0.009H348163 <10 130 <10 98 0.002 0.0112 0.010H348163 CRD <10 129 <10 97 0.002 0.0102 0.008

H348164 <10 143 <10 100 0.001 0.0083 0.006H348165 <10 174 <10 105 0.001 0.0079 0.007H348166 <10 249 <10 115 0.001 0.0045 0.003H348167 <10 197 <10 111 0.002 0.0159 0.016H348168 <10 200 <10 116 0.004 0.0288 0.030

H348169 20 7 <10 12 0.001 0.0008 0.001H348170 20 7 <10 6 0.001 0.0008 <0.001H348171 10 11 <10 28 <0.001 <0.0005 <0.001H348172 10 9 <10 24 <0.001 <0.0005 <0.001H348173 10 162 <10 67 <0.001 <0.0005 <0.001

Page: 4 - ATotal # Pages: 4 (A - C)

Finalized Date: 2-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-221 SL

CERTIFICATE OF ANALYSIS TB09131515

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H348174 2.03 <0.5 6.64 <5 730 1.8 <2 0.60 <0.5 1 10 1 1.19 20 3.26H348175 2.04 <0.5 6.69 <5 550 1.8 <2 0.42 <0.5 <1 8 1 0.99 20 3.52

Page: 4 - BTotal # Pages: 4 (A - C)

Finalized Date: 2-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-221 SL

CERTIFICATE OF ANALYSIS TB09131515

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H348174 60 0.26 178 1 2.50 1 280 22 0.02 <5 3 156 30 0.13 <10H348175 40 0.22 160 <1 2.33 <1 270 22 0.01 <5 3 122 20 0.08 <10

Page: 4 - CTotal # Pages: 4 (A - C)

Finalized Date: 2-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-221 SL

CERTIFICATE OF ANALYSIS TB09131515

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H348174 10 13 <10 29 <0.001 <0.0005 <0.001H348175 20 7 <10 24 <0.001 0.0005 <0.001

ALS CODE DESCRIPTION

SAMPLE PREPARATION

WEI-21 Received Sample WeightLOG-21d Sample logging - ClientBarCode DupSPL-21d Split sample - duplicatePUL-31d Pulverize Split - duplicateSPL-34 Pulp Splitting ChargeLOG-22 Sample login - Rcd w/o BarCodeCRU-31 Fine crushing - 70% <2mmSPL-21 Split sample - riffle splitterPUL-31 Pulverize split to 85% <75 umLOG-23 Pulp Login - Rcvd with BarcodeCRU-QC Crushing QC TestPUL-QC Pulverizing QC Test

ALS CODE DESCRIPTION INSTRUMENT

ANALYTICAL PROCEDURES

PGM-MS23 ICP-MSPt, Pd, Au 30g FA ICP-MSPGM-ICP27 ICP-AESOre grade Pt, Pd and Au by ICPME-ICP61 ICP-AES33 element four acid ICP-AES

CERTIFICATE TB09133411

This report is for 95 Drill Core samples submitted to our lab in Thunder Bay, ON, Canada on 23-NOV-2009.

Project: SD09-222 SLP.O. No.:

The following have access to data associated with this certificate:GMAM - CONSULTANT WEBTRIE JUSTIN JOHNSON ALLAN MACTAVISH

MGMAM DATA SUPPORT KEITH WATKINS

MAGMA METALS (CANADA) LIMITEDATTN: MGMAM DATA SUPPORTP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Page: 1Finalized Date: 4-DEC-2009

This copy reported on 21-JAN-2010Account: MGMAM

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature:

Colin Ramshaw, Vancouver Laboratory Manager

ALS Chemex

Page: 2 - ATotal # Pages: 4 (A - C)

Finalized Date: 4-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-222 SL

CERTIFICATE OF ANALYSIS TB09133411

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H348001 2.70 <0.5 7.77 10 610 2.5 3 1.45 <0.5 19 147 57 3.86 20 2.99H348002 2.65 <0.5 5.62 12 230 1.5 <2 6.57 <0.5 54 419 179 8.08 20 0.43H348003 2.07 <0.5 8.31 <5 520 2.7 2 1.56 <0.5 21 137 86 4.44 20 2.30H348003 CRD 0.02 <0.5 7.87 <5 500 2.6 2 1.49 <0.5 21 132 81 4.32 20 2.21H348004 2.06 <0.5 6.92 <5 440 1.4 2 0.54 <0.5 2 9 3 1.43 20 4.68

H348005 2.19 <0.5 7.14 <5 320 1.5 <2 0.11 1.5 4 25 2 2.28 30 3.78H348006 1.90 <0.5 7.19 5 530 1.6 2 0.14 <0.5 3 10 4 1.86 20 5.30H348007 3.27 <0.5 6.90 9 420 1.3 2 0.10 <0.5 3 12 3 1.30 20 4.94H348008 4.37 <0.5 7.25 <5 660 1.3 <2 0.12 <0.5 2 10 2 1.44 20 5.26H348009 4.17 <0.5 7.34 11 780 1.5 <2 0.14 <0.5 2 13 2 1.48 20 5.26

H348010 0.06 <0.5 6.89 5 960 1.0 <2 1.38 <0.5 2 22 17 1.64 10 2.19H348011 1.38 <0.5 7.27 20 410 2.2 <2 0.84 <0.5 8 165 4 5.60 30 3.74H348012 2.22 <0.5 4.93 17 100 1.2 2 6.05 <0.5 53 344 224 8.45 10 0.39H348013 4.49 <0.5 5.84 13 230 1.3 <2 5.66 <0.5 49 203 264 8.43 20 0.74H348014 5.13 <0.5 6.13 5 290 1.3 <2 6.25 <0.5 42 179 146 8.26 20 0.87

H348015 4.92 <0.5 5.96 9 270 1.3 <2 6.63 <0.5 44 212 140 8.27 20 0.77H348016 4.58 <0.5 6.92 9 320 1.5 <2 4.02 <0.5 40 102 86 7.97 20 1.34H348017 4.86 <0.5 6.34 <5 300 1.5 <2 4.53 <0.5 40 118 115 7.66 20 1.22H348018 4.52 <0.5 5.77 11 270 1.4 <2 5.09 <0.5 46 181 96 7.74 20 0.93H348019 4.70 <0.5 5.54 <5 210 1.2 <2 5.19 <0.5 46 230 114 7.73 20 0.78

H348020 0.09 <0.5 9.01 <5 70 <0.5 <2 6.83 0.5 105 386 3380 6.38 10 0.39H348021 5.19 <0.5 5.36 <5 260 1.1 <2 6.50 <0.5 52 268 135 7.93 10 0.77H348022 2.32 <0.5 4.93 <5 230 1.1 <2 6.57 <0.5 46 337 143 7.88 10 0.69H348023 2.01 <0.5 4.92 7 250 1.1 <2 6.35 <0.5 49 342 113 7.95 10 0.80H348023 CRD 0.02 <0.5 4.87 7 250 1.1 <2 6.31 <0.5 48 339 112 7.91 10 0.79

H348024 4.82 <0.5 4.78 10 260 1.0 <2 6.55 <0.5 48 368 99 7.88 10 0.80H348025 4.56 <0.5 4.69 10 260 1.0 <2 6.86 <0.5 48 386 103 7.93 10 0.89H348026 5.07 <0.5 4.74 11 280 1.0 <2 7.09 <0.5 49 407 102 7.93 10 0.97H348027 4.97 <0.5 5.17 8 270 1.2 <2 7.32 <0.5 49 364 122 8.34 10 0.81H348028 5.17 <0.5 5.05 9 240 1.1 <2 7.38 <0.5 49 365 119 8.27 10 0.69

H348029 5.01 <0.5 4.75 8 220 1.1 <2 7.46 <0.5 50 403 122 8.11 10 0.65H348030 0.09 0.6 6.64 <5 60 <0.5 3 4.81 <0.5 77 3300 635 6.38 10 0.16H348031 4.88 <0.5 4.67 <5 220 1.0 <2 7.80 <0.5 54 526 150 8.40 10 0.62H348032 4.79 <0.5 4.35 <5 230 0.9 <2 8.00 <0.5 55 559 177 8.23 10 0.53H348033 4.65 <0.5 4.11 <5 240 0.9 <2 7.29 <0.5 60 570 176 8.37 10 0.55

H348034 2.43 <0.5 3.87 <5 200 0.8 <2 6.62 <0.5 75 663 396 9.05 10 0.56H348035 2.33 <0.5 3.67 6 180 0.8 <2 5.87 <0.5 80 731 231 9.32 10 0.57H348036 2.64 <0.5 3.77 <5 190 0.8 <2 6.17 <0.5 79 796 232 9.15 10 0.58H348037 2.69 <0.5 3.77 6 200 0.8 <2 7.38 <0.5 68 723 332 8.39 10 0.60H348038 2.67 <0.5 3.96 9 220 0.9 2 7.82 <0.5 70 579 847 8.90 10 0.68

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H744708 TO H744712**

Page: 2 - BTotal # Pages: 4 (A - C)

Finalized Date: 4-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-222 SL

CERTIFICATE OF ANALYSIS TB09133411

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H348001 20 2.11 658 <1 1.94 52 940 12 0.16 <5 16 339 <20 0.29 <10H348002 40 4.87 1235 <1 1.80 181 1280 9 0.26 <5 27 246 <20 1.34 <10H348003 30 1.75 694 4 2.47 66 810 9 0.28 <5 16 333 <20 0.33 <10H348003 CRD 30 1.69 682 3 2.38 62 760 11 0.27 <5 15 316 <20 0.32 10H348004 50 0.43 122 1 1.29 4 220 17 1.05 <5 5 75 20 0.06 <10

H348005 50 0.78 174 <1 1.66 7 200 13 1.69 <5 11 65 20 0.13 10H348006 30 0.62 136 <1 0.96 3 220 14 1.19 <5 6 74 20 0.06 <10H348007 30 0.34 77 1 1.49 2 210 16 1.01 <5 4 81 <20 0.05 <10H348008 30 0.38 107 1 1.41 2 220 12 1.06 <5 5 117 <20 0.05 <10H348009 20 0.53 141 <1 1.34 3 230 4 0.65 <5 5 152 <20 0.05 <10

H348010 20 0.22 589 1 2.78 2 180 6 0.01 <5 6 183 <20 0.12 <10H348011 20 2.35 490 <1 0.53 65 620 10 3.06 <5 11 59 <20 0.22 <10H348012 30 6.16 1330 1 1.72 171 1040 15 0.29 <5 36 198 <20 1.19 <10H348013 30 4.71 1775 <1 1.77 110 1330 17 0.45 <5 29 461 <20 1.38 <10H348014 40 4.13 1310 1 1.82 74 1360 4 0.04 <5 30 594 <20 1.47 <10

H348015 30 4.58 1390 1 1.80 84 1360 6 0.04 <5 32 629 <20 1.43 <10H348016 30 4.05 1305 1 2.60 45 1280 10 0.48 <5 26 344 <20 1.29 <10H348017 30 4.33 1335 1 2.38 57 1250 8 0.25 <5 29 366 <20 1.24 <10H348018 30 4.90 1210 <1 2.10 79 1110 6 0.79 <5 31 438 <20 1.10 <10H348019 30 5.31 1205 1 2.01 91 1070 6 0.59 <5 33 356 <20 1.07 <10

H348020 10 6.02 812 1 1.16 2940 90 4 1.57 6 17 83 <20 0.12 <10H348021 30 5.82 1395 1 1.81 109 1050 5 0.15 <5 36 421 <20 1.08 <10H348022 20 5.97 1365 3 1.57 121 1020 21 0.13 <5 34 526 <20 1.13 <10H348023 20 6.10 1430 2 1.61 115 1040 11 0.10 <5 34 375 <20 1.10 <10H348023 CRD 20 6.03 1415 1 1.59 113 1030 11 0.11 <5 34 369 <20 1.11 <10

H348024 20 5.91 1410 1 1.62 115 990 12 0.11 <5 34 379 <20 1.11 <10H348025 20 5.85 1370 1 1.51 118 1000 8 0.08 <5 34 351 <20 1.13 <10H348026 20 5.68 1295 1 1.38 121 1000 12 0.06 <5 34 412 <20 1.17 <10H348027 20 5.24 1275 1 1.58 114 1170 21 0.04 <5 33 557 <20 1.32 <10H348028 20 5.23 1280 1 1.59 115 1130 4 0.16 <5 33 543 <20 1.28 <10

H348029 20 5.59 1215 1 1.51 125 1060 4 0.40 <5 34 501 <20 1.23 <10H348030 10 9.69 1115 1 0.78 1390 150 8 0.28 <5 18 181 <20 0.12 <10H348031 20 6.30 1325 1 1.50 161 1040 5 0.06 <5 36 508 <20 1.20 <10H348032 20 6.52 1305 1 1.42 184 980 6 0.74 <5 35 487 <20 1.13 <10H348033 20 6.90 1325 <1 1.23 223 930 15 0.14 <5 34 479 <20 1.09 <10

H348034 20 8.44 1365 1 1.03 406 860 5 0.13 <5 29 480 <20 1.03 <10H348035 20 9.13 1365 1 0.98 416 850 5 0.11 <5 27 465 <20 0.97 <10H348036 20 8.98 1355 1 1.09 403 890 2 0.09 <5 28 492 <20 0.97 <10H348037 20 7.97 1340 1 1.28 336 800 6 0.11 <5 33 440 <20 0.97 <10H348038 20 7.63 1350 <1 1.24 445 920 5 0.23 <5 35 470 <20 1.06 <10

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H744708 TO H744712**

Page: 2 - CTotal # Pages: 4 (A - C)

Finalized Date: 4-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-222 SL

CERTIFICATE OF ANALYSIS TB09133411

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H348001 10 101 <10 74 0.002 0.0014 0.002H348002 <10 257 <10 104 0.006 0.0147 0.009H348003 20 109 <10 77 0.002 0.0023 0.002H348003 CRD 10 107 <10 76 0.001 0.0018 0.002H348004 10 7 <10 8 0.001 <0.0005 <0.001

H348005 10 14 <10 460 0.002 <0.0005 <0.001H348006 <10 7 <10 117 0.002 <0.0005 <0.001H348007 10 5 <10 58 0.001 <0.0005 <0.001H348008 10 6 <10 70 0.002 <0.0005 <0.001H348009 10 5 <10 15 0.001 <0.0005 <0.001

H348010 20 17 <10 28 0.004 0.0024 0.002H348011 10 62 <10 46 0.002 0.0005 <0.001H348012 <10 263 <10 135 0.008 0.0707 0.067H348013 <10 263 <10 123 0.008 0.0471 0.041H348014 <10 281 <10 110 0.004 0.0106 0.005

H348015 <10 284 <10 115 0.004 0.0131 0.004H348016 <10 282 <10 109 0.002 0.0036 0.001H348017 <10 257 <10 104 0.002 0.0037 0.001H348018 <10 259 <10 99 0.003 0.0071 0.002H348019 <10 256 <10 100 0.003 0.0085 0.003

H348020 10 79 <10 70 0.055 0.193 0.725H348021 <10 267 <10 95 0.005 0.0130 0.004H348022 <10 266 <10 97 0.004 0.0163 0.005H348023 <10 262 <10 95 0.003 0.0132 0.006H348023 CRD <10 261 <10 94 0.003 0.0140 0.007

H348024 <10 262 <10 96 0.003 0.0124 0.006H348025 <10 265 <10 94 0.003 0.0140 0.005H348026 <10 269 <10 84 0.001 0.0074 0.002H348027 <10 282 <10 112 0.003 0.0128 0.004H348028 <10 280 <10 91 0.004 0.0194 0.004

H348029 <10 277 <10 90 0.003 0.0135 0.003H348030 <10 111 <10 290 0.098 >1.00 0.521 0.11 1.22 0.56H348031 <10 278 <10 98 0.004 0.0199 0.010H348032 <10 263 <10 80 0.005 0.0320 0.026H348033 <10 253 <10 102 0.005 0.0275 0.020

H348034 <10 234 <10 95 0.008 0.0644 0.075H348035 <10 217 <10 97 0.006 0.0422 0.039H348036 <10 219 <10 97 0.005 0.0386 0.034H348037 <10 220 <10 90 0.009 0.0592 0.062H348038 <10 247 <10 92 0.018 0.152 0.199

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H744708 TO H744712**

Page: 3 - ATotal # Pages: 4 (A - C)

Finalized Date: 4-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-222 SL

CERTIFICATE OF ANALYSIS TB09133411

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H348039 2.41 0.5 3.87 6 190 0.8 <2 7.41 <0.5 75 667 980 8.89 10 0.53H348040 1.41 <0.5 4.03 <5 220 0.8 <2 7.40 <0.5 66 651 249 8.78 10 0.58H348041 2.69 <0.5 3.95 <5 210 0.8 <2 7.34 <0.5 72 704 591 8.95 10 0.60H348042 2.63 <0.5 3.80 <5 180 1.0 <2 6.75 <0.5 68 683 189 8.13 10 0.53H348043 2.73 <0.5 3.90 5 210 0.8 <2 7.12 <0.5 76 758 313 9.09 10 0.52

H348043 CRD 0.02 <0.5 3.87 6 210 0.8 <2 7.11 <0.5 74 755 315 9.10 10 0.51H348044 2.74 <0.5 3.95 <5 230 0.9 <2 6.53 <0.5 75 731 331 8.92 10 0.52H348045 2.58 <0.5 3.91 11 220 1.1 <2 6.10 <0.5 74 720 410 8.36 10 0.54H348046 2.54 <0.5 3.68 24 200 0.9 <2 6.12 <0.5 76 807 301 8.50 10 0.56H348047 2.73 <0.5 3.83 11 200 0.9 <2 6.24 <0.5 77 807 425 9.10 10 0.48

H348048 5.17 <0.5 3.69 5 170 0.8 <2 5.50 <0.5 88 1010 338 9.51 10 0.48H348049 5.34 <0.5 3.04 <5 150 0.7 <2 3.93 <0.5 104 1380 197 9.82 10 0.47H348050 0.06 <0.5 6.31 <5 920 1.0 <2 1.29 <0.5 3 19 12 1.61 10 2.17H744701 5.28 <0.5 3.30 7 160 0.7 <2 4.27 <0.5 100 1080 184 9.94 10 0.48H744702 5.09 <0.5 4.27 14 220 0.9 <2 5.55 <0.5 81 881 269 9.53 10 0.52

H744703 5.07 <0.5 3.81 19 250 0.9 <2 5.00 <0.5 84 966 194 9.35 10 0.54H744703 CRD 0.02 <0.5 3.92 14 260 0.9 <2 5.22 <0.5 84 952 189 9.44 10 0.55H744704 5.15 <0.5 4.32 6 250 0.9 <2 5.45 <0.5 80 666 445 9.27 10 0.58H744705 5.13 <0.5 3.86 <5 180 0.9 <2 5.12 <0.5 83 845 252 9.21 10 0.57H744706 5.25 <0.5 3.98 <5 200 0.8 <2 5.74 <0.5 78 705 277 9.29 10 0.61

H744707 5.08 <0.5 3.08 18 140 0.6 <2 6.77 <0.5 78 990 340 8.85 10 0.35H744708 5.23 <0.5 2.65 <5 100 0.5 <2 5.94 <0.5 97 834 391 9.61 <10 0.27H744709 4.86 <0.5 3.20 10 100 0.6 <2 5.61 <0.5 85 986 344 9.11 10 0.29H744710 0.09 1.3 8.17 7 60 <0.5 <2 6.44 <0.5 96 402 3210 6.25 10 0.37H744711 2.82 0.6 3.52 5 60 0.6 <2 6.31 <0.5 81 834 294 9.44 10 0.20

H744712 1.38 <0.5 4.22 40 50 1.3 <2 7.48 0.9 35 531 338 6.15 10 0.35H744713 4.21 <0.5 6.12 9 260 1.0 <2 0.68 0.5 4 12 59 2.05 20 2.67H744714 1.50 <0.5 4.02 34 40 1.4 <2 7.21 1.1 47 240 345 7.15 10 0.40H744715 5.20 <0.5 3.86 13 150 1.0 <2 5.17 <0.5 83 1530 168 8.96 10 0.47H744716 5.11 <0.5 4.13 <5 130 0.9 <2 5.12 <0.5 78 1370 176 9.00 10 0.39

H744717 2.94 <0.5 4.50 14 150 1.1 <2 4.14 <0.5 73 1460 133 8.20 10 0.79H744718 4.37 <0.5 6.46 5 480 1.2 <2 0.25 <0.5 1 17 1 1.24 20 4.85H744719 4.36 <0.5 6.65 <5 460 1.4 <2 0.20 <0.5 1 15 <1 0.95 20 4.62H744720 0.10 0.5 6.76 <5 60 <0.5 <2 4.84 <0.5 78 3320 650 6.49 10 0.16H744721 4.32 <0.5 6.22 5 430 1.3 <2 0.27 <0.5 1 23 3 1.00 20 3.77

H744722 1.33 <0.5 5.63 <5 100 1.4 <2 3.95 <0.5 46 360 148 8.68 10 0.34H744723 4.37 <0.5 6.27 7 450 1.5 <2 0.24 <0.5 1 8 1 0.90 20 3.86H744723 CRD 0.02 <0.5 6.47 <5 450 1.5 <2 0.25 <0.5 <1 11 1 0.88 20 4.03H744724 3.04 <0.5 7.18 <5 340 2.2 <2 0.30 <0.5 1 8 <1 0.97 20 4.39H744725 1.26 <0.5 5.97 8 260 1.3 <2 0.81 <0.5 8 71 28 1.81 20 3.14

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H744708 TO H744712**

Page: 3 - BTotal # Pages: 4 (A - C)

Finalized Date: 4-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-222 SL

CERTIFICATE OF ANALYSIS TB09133411

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H348039 20 7.64 1320 <1 1.14 466 840 6 0.30 <5 34 461 <20 0.97 <10H348040 20 7.39 1340 1 1.23 279 900 6 0.09 <5 34 488 <20 1.04 <10H348041 20 7.96 1360 1 1.20 395 840 7 0.16 <5 34 484 <20 1.02 <10H348042 20 8.01 1285 1 1.18 319 680 7 0.11 <5 31 371 <20 0.93 <10H348043 20 8.45 1385 1 1.18 373 880 6 0.10 <5 33 465 <20 1.01 <10

H348043 CRD 20 8.41 1380 <1 1.17 377 870 5 0.11 <5 33 461 <20 1.00 <10H348044 20 8.18 1350 1 1.18 393 890 5 0.12 <5 30 482 <20 1.02 <10H348045 30 8.40 1305 1 1.37 420 820 14 0.17 <5 29 358 <20 0.90 <10H348046 20 8.78 1300 1 0.97 428 870 15 0.95 <5 27 376 <20 0.90 <10H348047 20 8.56 1340 1 1.17 456 880 6 0.17 <5 29 469 <20 0.97 <10

H348048 20 10.15 1400 1 1.06 566 850 5 0.14 <5 25 437 <20 0.93 <10H348049 20 12.25 1390 1 0.78 738 740 2 0.10 <5 18 387 <20 0.79 <10H348050 10 0.24 543 <1 2.74 4 180 10 <0.01 <5 4 169 <20 0.12 <10H744701 20 11.95 1410 <1 0.88 692 810 7 0.11 <5 19 416 <20 0.85 <10H744702 20 9.17 1395 1 1.20 437 970 8 0.53 <5 25 493 <20 1.04 <10

H744703 20 9.69 1330 1 1.00 489 890 8 0.67 <5 22 437 <20 0.97 <10H744703 CRD 20 9.83 1355 <1 1.03 481 900 6 0.71 <5 23 452 <20 0.98 <10H744704 20 8.30 1345 1 1.23 506 970 5 0.30 <5 25 477 <20 1.07 <10H744705 20 9.46 1335 1 1.06 501 850 7 0.17 <5 23 397 <20 0.94 <10H744706 20 8.77 1370 1 1.10 423 870 6 0.12 <5 26 444 <20 0.97 <10

H744707 20 9.56 1365 1 0.81 443 660 5 0.24 <5 31 273 <20 0.79 <10H744708 10 10.95 1415 1 0.62 573 540 4 0.15 <5 29 268 <20 0.72 <10H744709 10 10.55 1425 1 0.70 589 630 14 0.31 <5 26 269 <20 0.83 <10H744710 10 5.68 772 2 1.09 2800 90 7 1.53 <5 14 79 <20 0.11 <10H744711 10 8.97 1525 1 0.85 441 610 22 0.40 <5 28 238 <20 0.92 <10

H744712 20 5.40 1710 <1 1.35 205 550 235 0.63 <5 30 119 <20 0.78 <10H744713 30 0.63 201 <1 3.12 16 290 43 0.95 <5 4 104 20 0.14 <10H744714 20 4.74 1705 1 1.20 144 670 430 1.83 <5 27 89 <20 0.73 <10H744715 20 10.30 1345 1 1.22 565 700 234 0.47 <5 22 354 <20 0.84 <10H744716 20 9.59 1375 1 1.29 515 810 8 0.88 <5 21 351 <20 0.97 <10

H744717 20 8.68 1125 1 1.37 503 750 28 0.94 <5 17 365 <20 0.83 <10H744718 30 0.40 104 <1 1.68 4 240 14 0.30 <5 4 117 20 0.07 <10H744719 30 0.36 63 1 1.80 3 230 16 0.09 <5 4 121 20 0.06 <10H744720 10 9.79 1130 1 0.79 1430 160 8 0.30 <5 19 183 <20 0.12 <10H744721 40 0.22 58 1 2.36 5 230 25 0.36 <5 3 136 30 0.07 <10

H744722 30 4.75 1255 1 2.52 131 1390 15 0.88 <5 27 199 <20 1.47 <10H744723 30 0.21 52 <1 2.34 1 220 18 0.48 <5 3 171 20 0.07 <10H744723 CRD 40 0.21 49 <1 2.33 2 220 20 0.49 <5 3 176 20 0.07 <10H744724 30 0.25 54 <1 2.67 1 290 35 0.62 <5 4 195 30 0.09 <10H744725 10 0.90 240 1 2.40 22 370 14 0.39 <5 5 158 <20 0.25 <10

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H744708 TO H744712**

Page: 3 - CTotal # Pages: 4 (A - C)

Finalized Date: 4-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-222 SL

CERTIFICATE OF ANALYSIS TB09133411

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H348039 <10 234 <10 91 0.021 0.164 0.192H348040 <10 249 <10 92 0.008 0.0451 0.047H348041 <10 246 <10 93 0.013 0.111 0.123H348042 <10 223 <10 97 0.006 0.0394 0.042H348043 <10 243 <10 97 0.007 0.0605 0.064

H348043 CRD <10 242 <10 96 0.008 0.0646 0.068H348044 <10 233 <10 99 0.008 0.0546 0.054H348045 <10 207 <10 116 0.008 0.0749 0.087H348046 <10 206 <10 109 0.006 0.0520 0.051H348047 <10 227 <10 98 0.009 0.0817 0.091

H348048 <10 204 <10 102 0.009 0.0699 0.076H348049 <10 169 <10 104 0.007 0.0357 0.042H348050 10 16 <10 26 0.002 0.0005 <0.001H744701 <10 181 <10 104 0.007 0.0686 0.073H744702 <10 227 <10 126 0.010 0.0632 0.067

H744703 <10 206 <10 99 0.005 0.0344 0.038H744703 CRD <10 210 <10 99 0.006 0.0375 0.042H744704 <10 225 <10 108 0.009 0.0971 0.114H744705 <10 199 <10 99 0.007 0.0568 0.059H744706 <10 207 <10 100 0.006 0.0436 0.045

H744707 <10 185 <10 98 0.014 0.138 0.123H744708 <10 173 <10 97 0.014 0.0871 0.097H744709 <10 182 <10 133 0.016 0.1130 0.111H744710 10 74 <10 70 0.063 0.208 0.741H744711 <10 235 <10 139 0.008 0.0514 0.055

H744712 <10 189 <10 554 0.014 0.0774 0.067H744713 20 20 <10 153 0.002 0.0125 0.008H744714 10 172 <10 362 0.009 0.0344 0.027H744715 <10 190 10 224 0.005 0.0346 0.030H744716 <10 204 <10 97 0.006 0.0350 0.030

H744717 <10 176 <10 105 0.004 0.0229 0.019H744718 20 6 <10 6 0.002 0.0014 0.001H744719 10 4 <10 5 0.002 <0.0005 <0.001H744720 <10 112 <10 295 0.106 >1.00 0.561 0.11 1.22 0.56H744721 10 7 <10 5 0.002 0.0011 0.001

H744722 <10 276 <10 117 0.004 0.0120 0.008H744723 10 6 <10 4 0.002 0.0005 <0.001H744723 CRD 10 6 <10 3 0.002 <0.0005 <0.001H744724 30 5 <10 3 0.002 0.0005 <0.001H744725 20 47 <10 13 0.002 0.0033 0.002

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H744708 TO H744712**

Page: 4 - ATotal # Pages: 4 (A - C)

Finalized Date: 4-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-222 SL

CERTIFICATE OF ANALYSIS TB09133411

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H744726 2.17 <0.5 5.86 <5 390 0.9 <2 0.35 <0.5 1 12 1 0.64 10 4.09H744727 3.39 <0.5 3.77 <5 130 0.8 <2 4.83 <0.5 83 1580 212 8.88 10 0.44H744728 4.89 <0.5 3.29 <5 140 0.8 <2 3.66 <0.5 98 2270 141 9.12 10 0.37H744729 4.92 <0.5 3.09 13 130 0.8 <2 3.78 <0.5 100 2380 241 9.32 10 0.36H744730 2.08 <0.5 2.99 <5 120 0.7 <2 3.86 <0.5 98 2160 139 9.31 <10 0.30

H744731 3.65 <0.5 3.25 9 70 0.8 <2 5.04 0.6 89 1270 395 9.16 10 0.27H744732 2.16 <0.5 4.62 14 60 1.1 <2 4.46 <0.5 80 373 265 10.50 10 0.28H744733 4.51 <0.5 3.71 9 90 0.8 <2 4.05 <0.5 101 327 150 10.80 <10 0.38H744734 4.66 <0.5 6.64 9 340 1.4 <2 4.23 <0.5 57 79 71 9.48 20 1.10H744735 2.80 <0.5 7.07 8 320 1.6 <2 3.90 <0.5 63 39 52 10.75 20 1.21

H744736 2.31 <0.5 7.23 12 210 1.7 <2 2.50 <0.5 43 12 44 9.06 20 0.93H744737 4.11 <0.5 6.58 <5 340 1.2 <2 0.24 <0.5 2 10 3 1.23 10 4.02H744738 4.26 <0.5 6.38 <5 270 1.5 <2 0.26 <0.5 1 10 1 1.50 20 3.59H745851 1.37 <0.5 4.04 <5 210 0.8 <2 7.19 <0.5 66 631 326 8.60 10 0.58H745852 2.14 0.5 3.05 <5 120 0.7 <2 3.96 <0.5 97 2350 138 9.09 <10 0.31

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H744708 TO H744712**

Page: 4 - BTotal # Pages: 4 (A - C)

Finalized Date: 4-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-222 SL

CERTIFICATE OF ANALYSIS TB09133411

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H744726 <10 0.23 69 <1 2.07 1 200 7 0.24 <5 1 142 <20 0.02 <10H744727 20 10.25 1315 1 0.99 712 750 94 0.81 <5 23 323 <20 0.87 <10H744728 20 12.50 1315 <1 0.86 966 920 4 0.50 <5 15 392 <20 0.74 <10H744729 20 12.65 1330 1 0.83 1030 670 8 1.02 <5 16 365 <20 0.72 <10H744730 20 12.15 1335 <1 0.74 938 770 6 0.64 <5 18 323 <20 0.74 <10

H744731 20 10.05 1295 1 0.65 706 650 44 0.75 <5 27 203 <20 0.84 <10H744732 20 7.67 1140 2 1.27 343 920 14 2.66 <5 30 435 <20 1.29 <10H744733 20 9.98 1390 1 0.71 690 700 10 0.99 <5 24 279 <20 1.16 <10H744734 30 4.98 1505 3 2.39 203 1670 9 0.94 <5 19 712 <20 1.76 <10H744735 40 3.62 1185 2 2.79 104 1440 10 1.00 <5 17 858 <20 1.80 <10

H744736 30 3.05 1040 1 2.92 38 1550 17 4.18 <5 18 375 <20 1.61 <10H744737 30 0.27 71 1 2.07 2 240 33 0.59 <5 3 87 20 0.08 <10H744738 30 0.46 74 <1 2.08 3 220 25 0.36 <5 3 71 <20 0.05 <10H745851 20 7.34 1315 1 1.22 302 880 5 0.12 <5 33 488 <20 1.03 <10H745852 10 13.05 1365 <1 0.74 927 820 5 0.65 <5 18 343 <20 0.72 <10

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H744708 TO H744712**

Page: 4 - CTotal # Pages: 4 (A - C)

Finalized Date: 4-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-222 SL

CERTIFICATE OF ANALYSIS TB09133411

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H744726 20 3 <10 4 0.002 0.0006 <0.001H744727 <10 194 <10 149 0.004 0.0222 0.017H744728 <10 155 <10 104 0.004 0.0231 0.017H744729 <10 164 <10 117 0.006 0.0461 0.040H744730 <10 170 <10 108 0.004 0.0251 0.019

H744731 <10 197 <10 363 0.009 0.0620 0.057H744732 <10 300 <10 76 0.003 0.0212 0.020H744733 <10 252 <10 115 0.002 0.0041 0.003H744734 <10 345 <10 113 0.002 0.0014 0.001H744735 <10 373 <10 129 0.002 <0.0005 <0.001

H744736 <10 285 <10 95 0.001 <0.0005 <0.001H744737 10 9 <10 11 0.002 <0.0005 <0.001H744738 10 4 <10 5 0.001 <0.0005 <0.001H745851 <10 245 <10 92 0.006 0.0504 0.062H745852 <10 166 <10 101 0.004 0.0229 0.019

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H744708 TO H744712**

ALS CODE DESCRIPTION

SAMPLE PREPARATION

WEI-21 Received Sample WeightLOG-21d Sample logging - ClientBarCode DupSPL-21d Split sample - duplicatePUL-31d Pulverize Split - duplicateSPL-34 Pulp Splitting ChargeLOG-22 Sample login - Rcd w/o BarCodeCRU-31 Fine crushing - 70% <2mmSPL-21 Split sample - riffle splitterPUL-31 Pulverize split to 85% <75 umLOG-23 Pulp Login - Rcvd with BarcodeCRU-QC Crushing QC TestPUL-QC Pulverizing QC Test

ALS CODE DESCRIPTION INSTRUMENT

ANALYTICAL PROCEDURES

PGM-MS23 ICP-MSPt, Pd, Au 30g FA ICP-MSPGM-ICP27 ICP-AESOre grade Pt, Pd and Au by ICPME-ICP61 ICP-AES33 element four acid ICP-AES

CERTIFICATE TB09134497

This report is for 143 Drill Core samples submitted to our lab in Thunder Bay, ON, Canada on 25-NOV-2009.

Project: SD09-223 SLP.O. No.:

The following have access to data associated with this certificate:GMAM - CONSULTANT WEBTRIE JUSTIN JOHNSON ALLAN MACTAVISH

MGMAM DATA SUPPORT KEITH WATKINS

MAGMA METALS (CANADA) LIMITEDATTN: MGMAM DATA SUPPORTP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Page: 1Finalized Date: 9-DEC-2009

This copy reported on 21-JAN-2010Account: MGMAM

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature:

Colin Ramshaw, Vancouver Laboratory Manager

ALS Chemex

Page: 2 - ATotal # Pages: 5 (A - C)

Finalized Date: 9-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-223 SL

CERTIFICATE OF ANALYSIS TB09134497

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

E588462 1.17 <0.5 3.70 <5 200 0.9 <2 6.33 <0.5 92 756 253 10.25 20 0.50E588463 1.25 <0.5 3.92 16 130 0.9 <2 5.64 <0.5 86 999 523 9.34 20 0.44E588463 CRD 0.02 1.1 3.90 11 130 0.9 <2 5.55 <0.5 85 982 516 9.11 20 0.44E588464 1.19 <0.5 2.78 6 120 0.7 2 3.35 <0.5 115 2760 426 9.43 20 0.42H348176 2.70 <0.5 6.92 <5 140 1.1 4 0.50 <0.5 1 13 3 0.83 20 4.27

H348177 2.02 <0.5 6.76 <5 150 1.1 4 0.45 <0.5 3 9 3 0.88 20 4.13H348178 3.38 <0.5 5.36 <5 270 1.4 <2 6.51 <0.5 50 474 157 8.50 20 0.48H348179 3.05 <0.5 6.83 6 160 1.0 <2 0.56 <0.5 2 11 2 0.86 20 4.31H348180 0.09 <0.5 6.95 6 940 1.0 2 1.41 <0.5 3 20 16 1.64 10 2.15H348181 2.70 <0.5 6.96 <5 130 1.1 <2 0.52 <0.5 3 15 1 0.88 20 3.99

H348182 4.65 <0.5 6.86 <5 520 1.1 <2 0.14 1.7 3 11 1 1.10 20 5.22H348183 2.10 0.8 6.62 <5 660 1.1 <2 0.23 <0.5 3 17 5 1.29 20 5.77H348183 CRD <0.02 <0.5 6.43 <5 680 1.0 <2 0.14 <0.5 1 11 3 1.12 20 3.95H348184 2.03 <0.5 6.39 8 720 0.9 <2 0.14 <0.5 4 22 11 1.53 20 3.70H348185 1.27 <0.5 7.04 6 330 1.6 <2 4.66 <0.5 38 21 177 8.47 20 1.22

H348186 2.43 <0.5 6.84 7 430 1.5 <2 4.90 <0.5 41 51 163 8.33 20 1.17H348187 2.34 <0.5 6.05 <5 260 1.2 <2 6.63 <0.5 43 208 146 8.12 20 0.89H348188 2.36 <0.5 6.08 <5 270 1.3 <2 6.30 <0.5 45 200 207 8.30 20 0.96H348189 2.65 <0.5 5.82 <5 270 1.3 4 6.91 <0.5 46 232 147 8.22 10 0.87H348190 0.12 0.7 8.81 <5 70 <0.5 7 6.88 <0.5 99 370 3520 6.47 <10 0.40

H348191 2.53 <0.5 5.96 <5 260 1.3 5 6.44 <0.5 42 236 118 8.05 10 0.97H348192 2.45 <0.5 5.36 6 270 1.3 <2 7.54 <0.5 51 319 127 8.51 20 0.74H348193 2.53 <0.5 5.23 10 230 1.2 <2 7.41 <0.5 51 339 126 8.42 20 0.63H348194 2.35 <0.5 5.16 10 240 1.2 <2 7.90 <0.5 52 373 123 8.43 20 0.64H348195 2.33 <0.5 5.09 13 270 1.2 <2 7.81 <0.5 53 373 127 8.47 20 0.67

H348196 2.64 <0.5 5.06 11 220 1.1 <2 8.02 <0.5 55 421 122 8.41 20 0.60H348197 2.46 <0.5 4.84 12 210 1.1 <2 7.63 <0.5 52 422 122 8.15 20 0.57H348198 2.42 <0.5 4.49 <5 280 1.0 <2 7.28 <0.5 65 484 303 9.02 20 0.59H348199 2.66 <0.5 3.98 13 210 0.9 <2 6.15 <0.5 88 630 556 10.20 20 0.57H348200 1.19 <0.5 3.71 17 200 0.9 <2 6.51 <0.5 92 809 259 10.40 20 0.50

H348201 2.49 <0.5 3.26 11 210 0.9 <2 5.72 <0.5 89 799 313 9.48 20 0.51H348202 2.62 <0.5 3.13 42 160 0.9 <2 5.94 <0.5 88 808 240 8.99 20 0.46H348203 2.54 <0.5 3.48 11 180 0.9 <2 6.09 <0.5 90 817 213 9.28 20 0.50H348203 CRD <0.02 <0.5 3.45 17 180 0.9 <2 6.10 <0.5 89 830 246 9.20 10 0.48H348204 2.39 <0.5 3.51 11 170 0.8 <2 6.63 <0.5 98 871 254 9.95 20 0.48

H348205 2.60 <0.5 3.55 15 180 0.8 <2 7.00 <0.5 88 852 190 9.28 20 0.48H348206 2.53 <0.5 3.60 22 150 0.8 <2 6.88 <0.5 86 848 189 9.22 20 0.46H348207 2.63 0.6 3.32 8 160 0.8 <2 6.81 <0.5 105 838 1585 9.83 20 0.43H348208 2.56 0.9 3.10 12 140 0.8 <2 5.72 <0.5 114 878 1745 9.89 10 0.38H348209 2.39 <0.5 3.20 25 140 0.8 <2 5.83 <0.5 91 906 713 8.66 20 0.41

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H348228 TO H348232**

Page: 2 - BTotal # Pages: 5 (A - C)

Finalized Date: 9-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-223 SL

CERTIFICATE OF ANALYSIS TB09134497

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

E588462 20 10.10 1490 1 1.26 459 860 4 0.16 <5 29 443 <20 0.96 <10E588463 20 9.79 1350 1 1.04 551 910 7 0.41 <5 26 294 <20 0.99 <10E588463 CRD 20 9.60 1325 1 1.04 524 930 5 0.39 <5 25 293 <20 0.97 <10E588464 20 14.20 1295 1 0.83 1230 620 <2 1.50 <5 15 314 <20 0.72 <10H348176 10 0.17 400 1 2.38 10 170 34 0.01 <5 4 61 <20 0.03 <10

H348177 10 0.21 454 1 2.29 5 170 29 0.01 6 4 58 <20 0.04 <10H348178 30 5.09 1325 1 1.86 194 1350 8 0.16 <5 26 270 <20 1.42 <10H348179 20 0.21 146 1 2.32 7 170 45 0.02 <5 3 60 <20 0.04 <10H348180 10 0.22 570 <1 2.76 2 190 8 <0.01 <5 5 182 <20 0.12 <10H348181 10 0.16 147 1 2.55 10 160 39 0.01 8 3 58 <20 0.04 <10

H348182 30 0.27 123 2 1.71 3 180 23 0.73 5 4 110 20 0.04 <10H348183 20 0.41 206 3 1.06 7 210 12 0.37 <5 5 114 20 0.08 <10H348183 CRD 20 0.32 187 2 1.03 4 190 10 0.36 <5 4 117 20 0.05 <10H348184 20 0.38 147 2 1.45 10 240 12 0.75 <5 5 104 20 0.10 <10H348185 40 3.04 1665 1 2.48 40 1730 36 0.37 <5 21 642 <20 1.69 <10

H348186 40 3.27 1430 1 2.42 45 1690 11 0.37 <5 23 691 <20 1.63 <10H348187 30 4.49 1325 1 1.87 89 1360 4 0.07 <5 30 625 <20 1.46 <10H348188 30 4.38 1335 2 1.93 96 1480 6 0.09 <5 29 631 <20 1.49 <10H348189 30 4.69 1270 <1 1.91 92 1400 3 0.05 <5 30 652 <20 1.48 10H348190 10 6.12 800 <1 1.15 2950 90 3 1.68 <5 16 87 <20 0.12 <10

H348191 30 4.78 1385 <1 2.20 94 1390 6 0.10 <5 30 511 <20 1.43 <10H348192 30 5.42 1350 1 1.79 117 1260 3 0.03 5 34 600 <20 1.37 <10H348193 30 5.62 1310 1 1.71 118 1230 3 0.14 <5 35 573 <20 1.33 <10H348194 30 5.78 1330 2 1.69 128 1180 8 0.04 <5 36 587 <20 1.34 <10H348195 30 5.68 1320 2 1.70 128 1190 <2 0.09 <5 36 579 <20 1.32 <10

H348196 20 6.09 1365 1 1.62 136 1130 5 0.06 <5 37 561 <20 1.30 <10H348197 20 6.01 1310 2 1.55 136 1050 <2 0.31 <5 36 536 <20 1.24 <10H348198 20 6.91 1385 1 1.44 231 990 4 0.12 <5 34 529 <20 1.17 <10H348199 20 8.97 1495 1 1.28 459 880 4 0.15 <5 28 449 <20 0.96 <10H348200 20 10.50 1520 1 1.26 459 900 5 0.22 <5 30 435 <20 1.00 <10

H348201 20 10.05 1395 1 1.17 495 910 4 0.14 <5 27 380 <20 1.03 <10H348202 20 10.80 1405 2 0.89 484 900 4 0.45 <5 26 295 <20 0.94 <10H348203 20 10.65 1385 1 1.04 467 910 2 0.64 <5 28 374 <20 0.95 <10H348203 CRD 20 10.50 1375 1 1.04 474 880 4 0.52 <5 28 380 <20 0.95 <10H348204 20 11.25 1565 1 0.93 499 820 2 0.29 <5 32 366 <20 0.92 <10

H348205 20 10.35 1435 1 0.98 416 860 3 0.19 <5 33 396 <20 0.94 <10H348206 20 10.10 1435 1 0.91 407 790 <2 0.38 <5 31 391 <20 0.92 <10H348207 20 9.90 1430 1 0.92 799 840 2 0.58 <5 32 372 <20 0.94 <10H348208 20 10.05 1410 <1 0.76 969 810 8 0.67 <5 27 318 <20 0.86 <10H348209 20 10.15 1280 2 0.76 632 800 3 1.14 <5 27 323 <20 0.84 <10

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H348228 TO H348232**

Page: 2 - CTotal # Pages: 5 (A - C)

Finalized Date: 9-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-223 SL

CERTIFICATE OF ANALYSIS TB09134497

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

E588462 <10 199 <10 108 0.007 0.0403 0.036E588463 <10 201 <10 108 0.031 0.518 0.607E588463 CRD 10 195 <10 107 0.035 0.551 0.640E588464 <10 154 <10 97 0.010 0.0875 0.093H348176 20 3 <10 17 0.002 0.0022 0.002

H348177 20 2 <10 18 0.002 0.0017 0.002H348178 <10 265 10 113 0.006 0.0171 0.011H348179 20 3 <10 19 0.002 0.0005 <0.001H348180 10 16 <10 27 0.001 <0.0005 <0.001H348181 30 3 <10 21 0.001 0.0007 0.001

H348182 10 3 <10 292 0.002 0.0006 <0.001H348183 10 10 <10 12 0.002 0.0010 0.001H348183 CRD 10 5 <10 11 0.002 0.0007 0.001H348184 10 13 <10 34 0.002 0.0135 0.015H348185 <10 286 <10 90 0.004 0.0098 0.004

H348186 <10 281 <10 90 0.004 0.0102 0.005H348187 <10 283 <10 113 0.004 0.0120 0.005H348188 <10 283 <10 107 0.005 0.0237 0.011H348189 <10 281 <10 114 0.004 0.0119 0.005H348190 10 80 <10 67 0.064 0.193 0.739

H348191 <10 274 <10 105 0.003 0.0102 0.004H348192 10 283 <10 111 0.003 0.0141 0.004H348193 <10 283 <10 95 0.004 0.0173 0.005H348194 <10 288 <10 99 0.003 0.0144 0.004H348195 <10 282 <10 96 0.004 0.0150 0.004

H348196 <10 284 10 102 0.003 0.0115 0.004H348197 <10 274 <10 88 0.004 0.0145 0.004H348198 <10 257 <10 97 0.075 0.0528 0.050H348199 <10 194 10 109 0.012 0.0947 0.089H348200 <10 206 <10 109 0.007 0.0407 0.042

H348201 <10 209 10 100 0.008 0.0622 0.068H348202 <10 195 <10 83 0.006 0.0470 0.045H348203 <10 198 <10 92 0.005 0.0324 0.031H348203 CRD 10 199 <10 92 0.005 0.0405 0.040H348204 <10 217 <10 106 0.005 0.0395 0.040

H348205 <10 220 <10 97 0.005 0.0358 0.036H348206 <10 213 <10 88 0.006 0.0400 0.035H348207 <10 218 <10 99 0.038 0.366 0.444H348208 <10 197 <10 101 0.038 0.369 0.461H348209 <10 194 <10 86 0.015 0.1515 0.178

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H348228 TO H348232**

Page: 3 - ATotal # Pages: 5 (A - C)

Finalized Date: 9-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-223 SL

CERTIFICATE OF ANALYSIS TB09134497

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H348210 0.11 0.8 6.79 <5 60 <0.5 4 4.93 <0.5 82 3300 660 6.44 20 0.16H348211 2.65 0.6 3.26 16 150 0.8 <2 6.00 <0.5 88 824 223 8.69 20 0.45H348212 2.38 0.9 3.11 <5 180 0.7 <2 5.29 <0.5 104 1050 342 10.45 20 0.50H348213 2.64 <0.5 3.76 14 180 0.8 <2 8.09 <0.5 68 678 108 8.38 20 0.45H348214 2.57 <0.5 3.81 10 200 0.9 <2 7.77 <0.5 73 699 155 8.98 20 0.49

H348215 2.35 <0.5 3.46 47 170 0.9 <2 7.54 <0.5 74 670 226 8.21 20 0.48H348216 2.58 0.6 3.55 7 170 0.8 <2 6.82 <0.5 83 788 262 9.00 20 0.44H348217 2.69 <0.5 3.83 6 190 0.9 <2 6.71 <0.5 85 817 203 9.40 20 0.46H348218 2.60 0.5 3.59 14 180 0.8 <2 6.89 <0.5 77 712 243 8.77 20 0.42H348219 2.67 <0.5 3.61 8 160 0.8 <2 6.15 <0.5 86 795 151 9.09 20 0.45

H348220 0.09 <0.5 6.56 <5 930 1.0 <2 1.42 <0.5 3 21 13 1.57 10 2.15H348221 2.69 <0.5 3.89 5 190 0.8 <2 6.96 <0.5 80 698 156 8.72 20 0.47H348222 2.28 <0.5 3.71 9 170 0.9 <2 6.83 <0.5 72 647 205 8.62 10 0.43H348223 2.52 <0.5 3.98 <5 200 0.9 <2 6.56 <0.5 76 688 176 8.86 20 0.46H348223 CRD 0.02 <0.5 3.90 <5 200 0.9 <2 6.62 <0.5 75 696 170 8.78 20 0.45

H348224 2.84 <0.5 3.98 <5 210 0.9 <2 7.07 <0.5 77 673 201 9.27 20 0.49H348225 2.38 <0.5 3.74 27 220 0.8 <2 6.13 <0.5 82 738 275 9.02 20 0.45H348226 2.36 <0.5 3.90 19 210 0.8 3 6.66 <0.5 77 690 259 8.94 20 0.48H348227 2.50 <0.5 4.06 20 220 0.9 <2 6.90 <0.5 74 654 222 9.05 20 0.55H348228 2.52 <0.5 3.90 11 220 0.9 <2 6.21 <0.5 73 682 222 8.78 20 0.54

H348229 2.37 <0.5 4.31 12 230 1.0 <2 6.71 <0.5 71 548 477 8.74 20 0.54H348230 0.12 0.9 8.63 <5 70 <0.5 <2 6.84 <0.5 104 417 3340 6.41 20 0.39H348231 2.32 <0.5 4.24 <5 190 0.9 <2 5.93 <0.5 69 463 245 9.03 20 0.46H348232 2.42 <0.5 4.24 6 220 1.0 <2 5.68 <0.5 76 621 287 9.35 20 0.54H348233 2.48 <0.5 3.67 11 170 0.9 <2 6.19 <0.5 86 790 446 9.21 20 0.47

H348234 3.07 1.5 3.63 20 90 0.8 <2 7.74 <0.5 82 459 1700 8.28 20 0.60H348235 2.17 <0.5 6.16 <5 300 1.0 3 0.24 <0.5 3 10 16 1.05 20 4.53H348236 2.15 <0.5 6.45 <5 340 1.0 <2 0.21 <0.5 2 8 4 0.83 20 4.90H348237 3.82 <0.5 6.59 <5 330 1.0 4 0.22 <0.5 2 11 1 0.85 10 4.96H348238 3.78 <0.5 6.43 <5 290 1.1 <2 0.22 <0.5 2 16 4 0.72 20 4.34

H348239 4.10 <0.5 6.50 12 400 1.0 <2 1.26 <0.5 4 16 4 0.99 20 4.42H348240 1.17 1.0 3.94 8 90 1.2 <2 4.39 0.5 87 1310 585 8.13 20 0.61H348241 1.27 <0.5 3.97 14 130 0.9 2 5.62 <0.5 83 917 509 9.43 20 0.45H348242 2.20 <0.5 4.46 6 230 1.1 <2 5.75 <0.5 68 438 198 8.85 20 0.61H348243 2.60 <0.5 4.65 9 370 1.1 <2 6.01 <0.5 66 400 207 8.99 20 0.70

H348243 CRD <0.02 <0.5 4.44 11 310 1.1 <2 6.36 <0.5 73 502 218 9.35 20 0.65H348244 2.27 0.7 4.33 <5 230 1.0 <2 5.63 <0.5 68 470 484 8.82 20 0.53H348245 2.67 <0.5 2.99 9 140 0.7 <2 4.33 <0.5 116 1100 1380 10.00 10 0.39H348246 2.40 0.8 2.81 9 130 0.6 2 3.34 <0.5 140 1920 2290 10.55 20 0.30H348247 2.53 1.4 3.35 16 180 0.9 5 3.70 <0.5 130 2270 2300 9.85 20 0.42

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H348228 TO H348232**

Page: 3 - BTotal # Pages: 5 (A - C)

Finalized Date: 9-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-223 SL

CERTIFICATE OF ANALYSIS TB09134497

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H348210 10 10.30 1135 2 0.79 1420 150 8 0.32 <5 19 178 <20 0.12 <10H348211 20 10.55 1365 1 0.80 510 730 3 0.33 <5 26 336 <20 0.86 <10H348212 20 11.65 1605 1 0.79 636 700 3 0.15 <5 25 300 <20 0.86 <10H348213 20 8.39 1360 1 1.07 276 560 2 0.07 <5 38 393 <20 0.96 <10H348214 20 8.50 1415 1 1.25 304 840 4 0.07 8 37 430 <20 1.03 <10

H348215 20 8.45 1260 2 1.01 370 810 <2 0.79 <5 32 366 <20 0.89 <10H348216 20 9.43 1380 1 1.06 433 800 2 0.13 <5 32 407 <20 0.95 <10H348217 20 9.97 1450 1 1.13 428 870 4 0.20 <5 31 431 <20 1.00 <10H348218 20 8.96 1360 1 1.11 380 810 4 0.18 <5 32 411 <20 0.94 <10H348219 20 9.76 1385 1 0.98 438 820 <2 0.34 <5 28 392 <20 0.93 <10

H348220 10 0.22 557 1 2.80 3 190 7 <0.01 7 5 176 <20 0.12 <10H348221 20 8.93 1360 1 1.11 374 840 4 0.35 <5 31 423 <20 0.97 <10H348222 20 8.68 1335 1 1.12 336 840 4 0.12 <5 33 378 <20 0.96 <10H348223 20 8.74 1350 1 1.28 374 870 3 0.09 <5 30 466 <20 0.98 <10H348223 CRD 20 8.57 1335 1 1.26 361 840 <2 0.08 <5 30 457 <20 0.98 <10

H348224 20 9.06 1420 1 1.33 369 920 2 0.13 <5 32 465 <20 1.03 <10H348225 20 9.68 1360 1 1.13 465 850 <2 0.33 <5 28 445 <20 0.95 <10H348226 20 8.60 1365 1 1.19 380 900 4 0.16 <5 31 452 <20 1.06 <10H348227 20 8.50 1380 1 1.31 351 970 <2 0.10 <5 32 460 <20 1.06 <10H348228 20 8.35 1325 1 1.15 381 910 2 0.13 <5 29 447 <20 1.05 <10

H348229 20 7.53 1320 1 1.37 357 940 2 0.20 <5 31 476 <20 1.09 <10H348230 10 6.05 805 2 1.13 3000 90 5 1.57 <5 16 79 <20 0.12 <10H348231 20 8.05 1240 1 1.14 298 880 <2 0.11 <5 26 414 <20 1.07 <10H348232 20 8.14 1355 1 1.29 387 960 <2 0.12 <5 26 469 <20 1.09 <10H348233 20 9.09 1380 1 0.97 481 830 3 0.21 <5 28 333 <20 0.99 <10

H348234 20 7.60 1235 1 1.01 648 570 86 0.73 <5 37 271 <20 0.79 <10H348235 20 0.34 120 2 1.96 16 150 11 0.40 <5 4 114 <20 0.05 <10H348236 20 0.26 107 2 1.93 2 150 <2 0.24 9 3 132 <20 0.04 <10H348237 10 0.23 126 1 1.92 4 160 8 0.44 <5 3 130 <20 0.03 <10H348238 10 0.18 98 1 2.30 4 150 4 0.35 7 3 125 <20 0.04 <10

H348239 20 0.23 138 1 2.51 6 210 9 0.67 <5 3 152 <20 0.07 <10H348240 20 9.52 1370 2 1.04 587 680 210 0.70 <5 23 174 <20 0.80 <10H348241 20 9.72 1350 1 1.05 491 900 8 0.46 <5 26 289 <20 1.01 <10H348242 20 7.54 1390 <1 1.53 289 1050 3 0.18 <5 28 371 <20 1.15 <10H348243 20 7.39 1385 1 1.61 272 1040 7 0.18 <5 29 402 <20 1.18 <10

H348243 CRD 20 8.40 1435 1 1.47 326 980 4 0.19 <5 31 370 <20 1.14 <10H348244 20 7.56 1295 1 1.36 379 1030 2 0.37 <5 26 367 <20 1.16 <10H348245 20 12.50 1410 1 0.80 964 640 4 0.43 <5 21 271 <20 0.74 <10H348246 20 13.25 1355 1 0.73 1580 630 4 1.97 <5 15 301 <20 0.64 <10H348247 20 12.15 1270 1 1.15 1400 660 6 1.84 <5 15 358 <20 0.74 <10

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H348228 TO H348232**

Page: 3 - CTotal # Pages: 5 (A - C)

Finalized Date: 9-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-223 SL

CERTIFICATE OF ANALYSIS TB09134497

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H348210 <10 112 <10 292 0.096 >1.00 0.499 0.10 1.19 0.54H348211 <10 184 10 87 0.006 0.0394 0.042H348212 <10 201 <10 114 0.010 0.0783 0.088H348213 <10 243 10 83 0.003 0.0251 0.020H348214 <10 248 <10 93 0.004 0.0243 0.032

H348215 <10 216 10 75 0.007 0.0497 0.056H348216 <10 224 <10 95 0.007 0.0523 0.053H348217 <10 233 <10 97 0.005 0.0395 0.037H348218 <10 226 <10 91 0.006 0.0478 0.051H348219 <10 211 10 95 0.004 0.0249 0.022

H348220 10 16 <10 27 0.002 0.0005 <0.001H348221 <10 224 <10 93 0.004 0.0259 0.022H348222 <10 229 <10 91 0.005 0.0418 0.034H348223 <10 232 10 94 0.006 0.0413 0.036H348223 CRD <10 229 <10 90 0.005 0.0368 0.032

H348224 <10 236 <10 96 0.005 0.0367 0.037H348225 <10 215 <10 93 0.008 0.0563 0.067H348226 <10 242 <10 94 0.007 0.0527 0.060H348227 <10 243 10 94 0.006 0.0466 0.048H348228 <10 234 <10 94 0.006 0.0443 0.043

H348229 <10 258 <10 93 0.013 0.1230 0.122H348230 10 78 <10 68 0.063 0.1990 0.702H348231 <10 231 10 92 0.007 0.0475 0.042H348232 <10 229 <10 108 0.008 0.0498 0.040H348233 <10 220 <10 115 0.013 0.1235 0.136

H348234 <10 207 <10 120 0.034 0.333 0.381H348235 20 4 <10 4 0.003 0.0205 0.021H348236 10 3 <10 3 0.001 0.0006 <0.001H348237 10 3 <10 2 0.002 0.0009 0.001H348238 20 3 <10 3 0.001 0.0017 0.003

H348239 20 8 <10 3 0.002 0.0094 0.015H348240 10 188 <10 224 0.046 >1.00 >1.00 0.05 1.20 1.22H348241 <10 208 10 99 0.036 0.528 0.611H348242 10 230 10 102 0.009 0.0662 0.066H348243 <10 245 10 116 0.007 0.0390 0.032

H348243 CRD <10 238 10 138 0.008 0.0472 0.035H348244 <10 236 10 106 0.013 0.1065 0.124H348245 <10 166 <10 97 0.036 0.381 0.446H348246 <10 152 10 102 0.059 0.734 0.884H348247 <10 162 <10 107 0.054 0.655 0.770

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H348228 TO H348232**

Page: 4 - ATotal # Pages: 5 (A - C)

Finalized Date: 9-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-223 SL

CERTIFICATE OF ANALYSIS TB09134497

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H348248 2.47 1.1 2.98 10 140 0.7 3 4.12 0.5 113 2030 1685 9.43 20 0.38H348249 2.68 <0.5 3.09 11 130 0.7 <2 3.78 <0.5 114 2570 517 9.56 20 0.40H348250 0.12 <0.5 6.80 5 60 <0.5 <2 4.93 <0.5 82 3520 659 6.40 10 0.16H348251 2.64 <0.5 3.00 6 140 0.7 <2 3.40 <0.5 111 2620 302 9.28 20 0.30H348252 2.71 <0.5 2.90 <5 150 0.7 3 3.48 <0.5 111 3060 819 9.46 <10 0.36

H348253 2.43 <0.5 2.65 <5 130 0.7 4 3.29 <0.5 107 2630 225 9.17 <10 0.32H348254 2.50 <0.5 2.68 <5 130 0.7 3 3.29 <0.5 105 2380 219 9.04 <10 0.30H348255 2.35 <0.5 2.94 <5 140 0.7 <2 3.32 <0.5 104 2300 183 9.16 <10 0.38H348256 2.64 <0.5 3.54 <5 130 0.8 <2 3.60 <0.5 85 1655 141 8.70 10 0.62H348257 2.19 <0.5 4.18 5 100 1.0 3 3.06 <0.5 70 1190 369 7.94 10 0.66

H348258 3.05 <0.5 6.00 <5 340 0.7 <2 0.79 <0.5 15 296 29 2.33 10 4.17H348259 3.63 <0.5 6.46 <5 310 0.8 <2 0.23 <0.5 2 14 3 0.82 10 4.73H348260 0.12 <0.5 5.52 <5 50 <0.5 <2 4.01 <0.5 63 3180 540 5.23 <10 0.14H348261 1.25 <0.5 6.54 <5 110 1.1 <2 1.31 <0.5 10 36 64 3.50 20 1.46H348262 1.73 <0.5 4.06 <5 130 0.8 <2 3.60 <0.5 80 1795 174 8.09 <10 0.67

H348263 2.57 <0.5 3.63 5 180 0.8 5 3.87 <0.5 100 2240 279 9.55 10 0.46H348263 CRD 0.02 <0.5 3.50 <5 160 0.8 <2 3.76 <0.5 101 2170 273 9.30 10 0.45H348264 2.37 <0.5 3.43 <5 180 0.9 2 3.50 <0.5 101 2470 266 9.27 10 0.47H348265 2.59 <0.5 3.29 <5 190 0.9 <2 3.36 <0.5 98 2330 145 8.89 10 0.43H348266 2.52 <0.5 2.87 <5 140 0.7 <2 3.26 <0.5 100 2430 299 8.93 <10 0.42

H348267 2.54 <0.5 2.90 <5 130 0.6 <2 3.61 <0.5 101 2360 295 9.08 <10 0.44H348268 2.46 <0.5 3.01 <5 130 0.7 <2 3.64 <0.5 97 2630 162 9.07 10 0.44H348269 2.50 <0.5 3.09 8 140 0.7 <2 3.80 <0.5 91 2410 132 8.55 10 0.45H348270 0.07 <0.5 6.49 <5 940 1.0 <2 1.39 <0.5 3 31 17 1.60 10 2.17H348271 2.44 <0.5 3.09 <5 150 0.8 <2 3.57 <0.5 105 2630 206 9.26 <10 0.41

H348272 2.50 <0.5 3.22 <5 160 0.8 3 3.79 <0.5 104 2800 231 9.56 <10 0.41H348273 2.45 <0.5 3.18 <5 150 0.8 <2 3.65 <0.5 100 2690 171 9.14 <10 0.44H348274 2.52 <0.5 3.29 <5 150 0.7 <2 4.00 <0.5 95 2660 125 9.34 10 0.44H348275 2.35 <0.5 3.40 <5 150 0.7 2 4.00 <0.5 90 2340 109 9.01 10 0.53H348276 2.54 <0.5 3.01 <5 130 0.6 <2 3.79 <0.5 118 2480 1360 9.88 <10 0.39

H348277 2.55 0.6 2.85 <5 120 0.6 <2 3.64 <0.5 127 2650 1860 9.99 10 0.34H348278 2.43 <0.5 2.96 <5 130 0.7 5 3.70 <0.5 104 2780 789 9.25 <10 0.37H348279 2.43 <0.5 2.71 <5 130 0.6 5 3.28 <0.5 101 2870 400 8.95 <10 0.32H348280 0.12 0.5 7.97 <5 70 <0.5 <2 6.50 <0.5 94 462 3230 6.12 <10 0.37H348281 2.34 <0.5 2.84 <5 130 0.7 <2 3.37 <0.5 101 2830 268 8.99 <10 0.38

H348282 2.50 <0.5 3.00 <5 120 0.6 4 3.58 <0.5 101 2790 344 9.06 <10 0.39H348283 2.41 <0.5 3.12 <5 130 0.7 3 3.81 <0.5 94 2610 250 8.89 <10 0.42H348283 CRD <0.02 <0.5 3.15 <5 130 0.7 2 3.80 <0.5 96 2710 245 8.97 <10 0.43H348284 2.46 <0.5 3.22 <5 150 0.8 <2 3.77 <0.5 102 3210 335 9.14 <10 0.42H348285 2.78 <0.5 3.17 <5 150 0.8 3 3.65 <0.5 98 2770 146 8.91 10 0.47

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H348228 TO H348232**

Page: 4 - BTotal # Pages: 5 (A - C)

Finalized Date: 9-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-223 SL

CERTIFICATE OF ANALYSIS TB09134497

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H348248 20 12.00 1260 1 0.94 1150 660 5 3.35 <5 16 378 <20 0.67 <10H348249 20 13.40 1335 1 0.91 962 650 2 2.24 <5 16 373 <20 0.75 <10H348250 10 10.25 1135 1 0.79 1400 160 7 0.32 <5 19 181 <20 0.12 <10H348251 20 13.50 1300 1 0.93 977 720 3 0.68 <5 14 357 <20 0.71 <10H348252 20 14.15 1315 3 0.85 1155 650 21 1.28 <5 15 359 <20 0.68 10

H348253 20 14.25 1295 1 0.73 1005 550 5 0.36 <5 15 286 <20 0.64 10H348254 20 14.00 1320 1 0.78 979 540 5 0.59 <5 15 292 <20 0.65 <10H348255 20 13.55 1320 <1 0.83 895 630 4 0.73 <5 15 335 <20 0.69 <10H348256 20 11.15 1240 <1 0.94 630 770 3 2.62 <5 16 305 <20 0.79 10H348257 20 9.49 1095 1 1.22 548 710 52 2.45 <5 17 207 <20 0.64 10

H348258 20 1.95 345 6 2.02 116 280 10 0.76 <5 8 158 <20 0.17 <10H348259 20 0.24 169 7 2.30 5 210 6 0.41 <5 6 135 <20 0.04 <10H348260 10 8.27 919 <1 0.65 1170 130 5 0.26 <5 16 151 <20 0.10 <10H348261 30 1.62 514 1 3.55 32 850 64 1.11 <5 7 115 <20 0.43 <10H348262 20 10.65 1205 1 1.35 670 810 25 0.47 <5 16 360 <20 0.75 <10

H348263 20 13.30 1405 <1 1.10 901 830 3 0.25 <5 17 413 <20 0.83 <10H348263 CRD 20 12.95 1365 <1 1.07 879 820 3 0.25 <5 16 391 <20 0.82 10H348264 20 13.35 1345 1 1.10 968 750 4 0.21 <5 15 378 <20 0.78 <10H348265 20 13.10 1290 2 1.13 898 720 4 0.58 <5 15 380 <20 0.71 10H348266 20 13.10 1260 <1 0.94 969 670 2 2.06 <5 14 335 <20 0.60 <10

H348267 20 13.35 1275 <1 0.86 979 700 <2 3.31 <5 15 382 <20 0.55 <10H348268 20 13.20 1315 <1 0.90 952 670 3 2.10 <5 15 376 <20 0.72 10H348269 20 11.90 1235 1 0.92 839 610 4 2.04 <5 16 379 <20 0.69 10H348270 10 0.25 587 1 2.77 6 190 8 0.01 <5 5 179 <20 0.12 <10H348271 20 13.80 1330 <1 0.98 994 690 2 0.78 <5 16 356 <20 0.72 10

H348272 20 13.65 1365 1 1.05 951 760 2 0.69 <5 17 356 <20 0.78 10H348273 20 13.00 1300 <1 1.04 907 610 2 0.87 <5 16 364 <20 0.76 10H348274 20 12.65 1335 1 1.04 842 700 2 0.98 <5 18 384 <20 0.85 10H348275 20 11.80 1310 <1 1.04 768 750 <2 1.80 <5 17 389 <20 0.82 10H348276 20 13.45 1325 <1 0.86 1370 670 2 2.78 <5 17 364 <20 0.68 10

H348277 20 13.55 1310 1 0.89 1610 600 4 1.91 <5 16 340 <20 0.71 10H348278 20 13.30 1310 1 0.97 1090 780 3 1.21 <5 17 347 <20 0.74 <10H348279 20 13.50 1260 <1 0.86 1090 590 2 1.11 <5 15 303 <20 0.67 <10H348280 10 5.80 765 2 1.08 2910 90 6 1.57 <5 15 79 <20 0.11 <10H348281 20 13.45 1255 <1 0.87 1065 600 2 1.50 <5 16 306 <20 0.74 <10

H348282 20 13.40 1280 <1 0.90 1060 650 3 1.74 <5 16 358 <20 0.76 10H348283 20 12.60 1235 <1 0.88 983 800 3 2.32 <5 16 404 <20 0.75 <10H348283 CRD 20 12.80 1250 <1 0.90 989 810 3 2.24 <5 16 410 <20 0.76 <10H348284 20 13.50 1285 1 1.02 1120 780 2 0.91 <5 17 383 <20 0.80 <10H348285 20 13.20 1270 1 0.99 1030 680 3 1.26 <5 16 361 <20 0.79 <10

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H348228 TO H348232**

Page: 4 - CTotal # Pages: 5 (A - C)

Finalized Date: 9-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-223 SL

CERTIFICATE OF ANALYSIS TB09134497

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H348248 <10 155 <10 102 0.042 0.461 0.511H348249 <10 159 <10 99 0.012 0.1230 0.134H348250 10 113 <10 287 0.100 >1.00 0.564 0.11 1.30 0.59H348251 <10 153 <10 98 0.007 0.0696 0.074H348252 <10 153 <10 113 0.022 0.222 0.245

H348253 <10 147 <10 106 0.006 0.0592 0.059H348254 <10 144 <10 106 0.005 0.0445 0.047H348255 <10 149 <10 103 0.004 0.0382 0.038H348256 <10 176 <10 99 0.004 0.0306 0.024H348257 <10 164 <10 100 0.006 0.0571 0.065

H348258 10 32 <10 19 0.001 0.0111 0.011H348259 10 3 <10 3 0.002 0.0009 0.001H348260 <10 92 <10 245 0.111 >1.00 0.549 0.11 1.25 0.57H348261 10 78 <10 46 0.003 0.0103 0.011H348262 <10 158 <10 101 0.005 0.0329 0.033

H348263 <10 176 <10 116 0.006 0.0470 0.050H348263 CRD <10 174 <10 112 0.007 0.0547 0.059H348264 <10 169 <10 113 0.006 0.0455 0.050H348265 <10 154 <10 103 0.004 0.0265 0.024H348266 <10 146 <10 103 0.007 0.0627 0.065

H348267 <10 152 <10 102 0.007 0.0493 0.053H348268 <10 159 <10 104 0.004 0.0241 0.022H348269 <10 164 <10 112 0.005 0.0257 0.022H348270 10 17 <10 31 0.002 0.0007 <0.001H348271 <10 161 <10 105 0.005 0.0398 0.036

H348272 <10 175 <10 109 0.006 0.0408 0.038H348273 <10 169 <10 105 0.005 0.0315 0.028H348274 <10 183 <10 107 0.004 0.0202 0.014H348275 <10 185 <10 103 0.004 0.0142 0.010H348276 <10 163 <10 107 0.022 0.244 0.283

H348277 <10 155 <10 104 0.034 0.388 0.460H348278 <10 164 <10 104 0.019 0.1760 0.189H348279 <10 154 <10 99 0.009 0.0780 0.087H348280 <10 76 <10 67 0.055 0.189 0.701H348281 <10 164 <10 101 0.006 0.0436 0.043

H348282 <10 162 <10 102 0.007 0.0576 0.059H348283 <10 169 <10 110 0.005 0.0416 0.040H348283 CRD <10 172 <10 107 0.005 0.0399 0.040H348284 <10 175 <10 104 0.008 0.0650 0.063H348285 <10 170 <10 105 0.004 0.0225 0.019

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H348228 TO H348232**

Page: 5 - ATotal # Pages: 5 (A - C)

Finalized Date: 9-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-223 SL

CERTIFICATE OF ANALYSIS TB09134497

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H348286 2.48 <0.5 3.16 <5 140 0.7 2 3.79 <0.5 102 2530 234 9.17 10 0.42H348287 2.64 1.8 3.15 <5 150 0.8 2 3.41 <0.5 151 2550 2740 10.40 <10 0.36H348288 2.49 2.7 2.97 <5 130 0.7 2 3.39 1.4 135 2420 3300 9.70 10 0.38H348289 2.40 0.5 2.88 <5 110 0.6 <2 3.49 <0.5 108 2710 494 9.20 10 0.36H348290 1.10 <0.5 2.96 <5 130 0.7 2 3.42 <0.5 111 3060 322 9.41 10 0.42

H348291 2.65 <0.5 2.81 <5 120 0.6 2 3.38 <0.5 106 2760 461 9.20 <10 0.41H348292 2.45 <0.5 3.01 <5 140 0.7 <2 3.57 <0.5 99 2520 162 8.94 <10 0.36H348293 2.36 <0.5 3.12 <5 140 0.7 4 3.82 <0.5 95 2420 231 8.96 <10 0.32H348294 2.52 <0.5 3.44 5 160 0.8 <2 4.09 <0.5 90 2350 123 9.00 10 0.42H348295 2.44 <0.5 3.34 7 140 0.8 2 3.98 <0.5 92 2400 170 8.89 10 0.39

H348296 2.38 <0.5 3.23 <5 140 0.8 2 3.93 <0.5 93 2570 147 8.95 <10 0.35H348297 2.39 <0.5 3.55 <5 170 0.8 2 3.97 <0.5 90 2310 423 8.90 10 0.38H348298 2.61 <0.5 3.45 <5 150 0.8 3 3.92 <0.5 89 2290 271 8.88 10 0.44H348299 2.39 <0.5 3.60 10 140 0.8 <2 3.71 <0.5 90 1815 162 9.02 10 0.49H348300 0.12 <0.5 6.47 <5 60 <0.5 4 4.70 <0.5 71 3300 646 6.14 <10 0.16

H348301 2.50 <0.5 3.51 <5 110 0.7 <2 3.75 <0.5 92 1300 207 9.17 10 0.38H348302 2.65 <0.5 3.92 <5 150 0.8 <2 3.93 <0.5 96 498 202 9.58 10 0.47H348303 3.14 <0.5 3.90 5 140 0.8 2 3.73 <0.5 111 332 156 10.40 10 0.38H348303 CRD <0.02 0.5 3.91 <5 150 0.8 <2 3.71 <0.5 113 347 177 10.55 20 0.40H348304 3.03 <0.5 7.25 6 440 1.5 <2 3.17 <0.5 62 49 81 10.70 30 1.24

H348305 1.09 0.9 7.28 6 150 1.7 <2 2.55 <0.5 43 9 42 8.28 20 0.80H348306 4.62 1.1 6.43 <5 210 1.7 <2 0.29 <0.5 1 10 2 0.74 20 3.10H348307 4.47 0.5 7.06 5 290 1.7 <2 0.29 <0.5 1 9 1 0.81 20 3.59

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H348228 TO H348232**

Page: 5 - BTotal # Pages: 5 (A - C)

Finalized Date: 9-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-223 SL

CERTIFICATE OF ANALYSIS TB09134497

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H348286 20 13.40 1300 <1 0.91 1070 760 2 1.38 <5 16 397 <20 0.78 <10H348287 10 13.70 1290 <1 1.05 2160 700 8 1.64 <5 15 337 <20 0.70 <10H348288 10 13.40 1260 <1 0.81 2160 620 26 2.69 <5 15 329 <20 0.67 <10H348289 10 14.40 1290 <1 0.68 1135 630 5 2.38 <5 16 352 <20 0.70 <10H348290 10 14.85 1325 <1 0.83 1175 610 4 1.59 <5 16 330 <20 0.72 <10

H348291 20 14.25 1290 1 0.84 1245 650 4 1.29 <5 15 326 <20 0.74 <10H348292 20 13.20 1245 <1 0.88 1050 710 3 2.20 <5 16 355 <20 0.56 <10H348293 20 12.65 1260 1 0.92 1000 720 4 2.25 <5 17 358 <20 0.55 <10H348294 20 12.05 1280 1 1.03 894 810 2 1.00 <5 18 385 <20 0.88 10H348295 20 12.30 1275 1 0.97 970 770 4 0.87 <5 18 362 <20 0.84 <10

H348296 20 12.50 1275 <1 0.96 973 760 4 1.04 <5 18 359 <20 0.78 10H348297 20 12.05 1300 1 1.03 1025 830 4 1.19 <5 18 388 <20 0.81 <10H348298 20 11.55 1310 1 0.93 939 790 5 1.17 <5 18 352 <20 0.80 <10H348299 20 11.85 1340 1 0.78 877 840 4 0.63 <5 18 313 <20 0.94 10H348300 10 9.83 1080 1 0.78 1365 150 8 0.32 <5 19 177 <20 0.11 <10

H348301 20 11.65 1295 <1 0.72 846 780 2 0.61 <5 18 300 <20 0.94 10H348302 20 10.85 1375 1 0.94 791 930 3 0.53 <5 19 375 <20 1.08 <10H348303 20 12.10 1455 <1 0.66 840 860 12 1.19 <5 18 445 <20 0.96 <10H348303 CRD 20 12.25 1490 <1 0.75 870 870 6 1.08 <5 18 436 <20 0.98 <10H348304 40 4.33 1310 <1 2.61 122 1600 16 1.37 <5 18 557 <20 1.71 <10

H348305 40 3.10 826 <1 3.01 44 1630 23 3.18 <5 18 344 <20 1.52 <10H348306 20 0.14 43 <1 2.46 2 170 23 0.44 <5 2 105 <20 0.06 <10H348307 40 0.21 48 <1 2.75 4 180 26 0.28 <5 3 96 30 0.07 <10

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H348228 TO H348232**

Page: 5 - CTotal # Pages: 5 (A - C)

Finalized Date: 9-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-223 SL

CERTIFICATE OF ANALYSIS TB09134497

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H348286 <10 169 <10 115 0.007 0.0388 0.038H348287 <10 156 <10 100 0.045 0.515 0.563H348288 <10 150 <10 522 0.074 0.675 0.714H348289 <10 160 <10 98 0.014 0.103 0.099H348290 <10 163 <10 101 0.007 0.0534 0.053

H348291 <10 161 <10 104 0.011 0.0824 0.087H348292 <10 163 <10 101 0.004 0.0236 0.021H348293 <10 170 <10 104 0.006 0.0509 0.048H348294 <10 188 <10 103 0.003 0.0165 0.012H348295 <10 184 <10 104 0.004 0.0248 0.022

H348296 <10 182 <10 105 0.003 0.0252 0.022H348297 <10 186 <10 107 0.010 0.0792 0.083H348298 <10 191 <10 112 0.005 0.0455 0.047H348299 <10 194 <10 112 0.003 0.0234 0.021H348300 <10 109 <10 292 0.104 >1.00 0.553 0.11 1.23 0.57

H348301 <10 196 <10 103 0.003 0.0196 0.019H348302 <10 213 <10 115 0.002 0.0091 0.010H348303 <10 194 <10 130 0.001 0.0055 0.005H348303 CRD <10 195 <10 132 0.001 0.0058 0.006H348304 <10 365 <10 123 0.001 0.0011 0.001

H348305 <10 276 <10 93 0.001 0.0008 <0.001H348306 20 10 <10 8 0.001 0.0005 <0.001H348307 30 8 <10 2 0.001 <0.0005 <0.001

Comments: **CORRECTED COPY FOR PGM-MS23 ON SAMPLES H348228 TO H348232**

ALS CODE DESCRIPTION

SAMPLE PREPARATION

WEI-21 Received Sample WeightLOG-21d Sample logging - ClientBarCode DupSPL-21d Split sample - duplicatePUL-31d Pulverize Split - duplicateSPL-34 Pulp Splitting ChargeLOG-22 Sample login - Rcd w/o BarCodeCRU-31 Fine crushing - 70% <2mmSPL-21 Split sample - riffle splitterPUL-31 Pulverize split to 85% <75 umLOG-23 Pulp Login - Rcvd with BarcodeCRU-QC Crushing QC TestPUL-QC Pulverizing QC Test

ALS CODE DESCRIPTION INSTRUMENT

ANALYTICAL PROCEDURES

PGM-MS23 ICP-MSPt, Pd, Au 30g FA ICP-MSPGM-ICP27 ICP-AESOre grade Pt, Pd and Au by ICPME-ICP61 ICP-AES33 element four acid ICP-AES

CERTIFICATE TB09137004

This report is for 153 Drill Core samples submitted to our lab in Thunder Bay, ON, Canada on 3-DEC-2009.

Project: SD09-224 SLP.O. No.:

The following have access to data associated with this certificate:JUSTIN JOHNSON ALLAN MACTAVISH MGMAM DATA SUPPORTKEITH WATKINS

MAGMA METALS (CANADA) LIMITEDATTN: MGMAM DATA SUPPORTP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Page: 1Finalized Date: 14-DEC-2009

Account: MGMAM

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature:

Colin Ramshaw, Vancouver Laboratory Manager

ALS Chemex

Page: 2 - ATotal # Pages: 5 (A - C)

Finalized Date: 14-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-224 SL

CERTIFICATE OF ANALYSIS TB09137004

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

E588465 0.91 <0.5 6.78 <5 570 1.7 2 0.28 <0.5 1 6 9 0.84 20 4.03E588466 1.14 0.6 3.00 <5 130 0.8 4 3.51 <0.5 104 1850 912 9.60 10 0.37E588467 1.12 <0.5 2.10 <5 100 <0.5 <2 2.66 <0.5 118 4430 114 9.68 10 0.24H348308 2.11 <0.5 6.74 <5 110 1.3 <2 0.38 <0.5 <1 17 8 0.47 30 3.33H348309 1.66 <0.5 5.24 <5 180 1.6 <2 5.79 <0.5 46 347 145 7.79 20 0.17

H348310 0.11 0.6 8.28 <5 70 <0.5 <2 6.68 0.5 97 429 3290 6.23 10 0.38H348311 2.10 <0.5 6.76 <5 140 1.1 3 0.43 <0.5 1 8 15 0.59 20 3.56H348312 0.67 <0.5 5.45 <5 320 2.2 <2 5.51 <0.5 44 401 136 7.05 20 0.85H348313 2.45 0.5 7.10 <5 180 1.7 <2 0.64 <0.5 7 39 41 1.70 20 3.42H348314 4.33 <0.5 6.75 <5 500 1.8 3 0.25 <0.5 3 21 5 1.25 20 4.35

H348315 3.65 <0.5 5.89 <5 500 1.6 <2 0.25 <0.5 3 10 14 1.40 20 4.10H348316 2.39 <0.5 6.03 <5 260 1.9 <2 4.88 <0.5 44 245 173 6.76 20 1.34H348317 2.51 <0.5 5.54 7 320 1.4 2 5.15 <0.5 46 268 110 7.80 20 0.65H348318 2.50 <0.5 4.90 <5 190 1.2 <2 6.29 <0.5 56 475 140 8.16 20 0.43H348319 2.20 0.5 4.30 <5 220 1.1 7 5.46 <0.5 71 625 224 8.71 10 0.53

H348320 0.08 <0.5 6.31 <5 900 1.0 <2 1.37 <0.5 3 21 18 1.58 20 2.10H348321 2.54 <0.5 4.35 <5 210 1.0 <2 5.72 <0.5 65 596 180 8.45 10 0.50H348322 2.43 0.5 4.12 8 260 1.0 <2 5.29 <0.5 77 711 351 9.10 20 0.80H348323 2.39 <0.5 3.85 <5 240 0.9 3 5.05 <0.5 78 751 272 8.95 10 0.75H348323 CRD <0.02 <0.5 3.86 6 240 0.9 <2 5.12 <0.5 78 752 238 9.08 10 0.75

H348324 2.59 0.5 3.76 <5 220 0.9 <2 4.54 <0.5 88 935 304 9.27 10 0.62H348325 2.49 0.5 4.11 <5 240 1.0 <2 5.74 <0.5 74 696 227 8.90 10 0.69H348326 2.52 0.5 3.85 <5 200 0.9 <2 4.97 <0.5 88 926 271 9.34 10 0.66H348327 2.36 0.7 3.90 7 220 0.9 <2 5.36 <0.5 86 731 416 9.36 10 0.60H348328 2.44 0.8 3.71 10 220 0.9 <2 4.99 <0.5 89 905 211 9.62 10 0.57

H348329 2.60 <0.5 3.66 6 210 0.9 8 5.10 <0.5 90 893 292 9.37 10 0.64H348330 0.12 0.5 6.72 <5 60 <0.5 <2 4.93 <0.5 78 3350 662 6.42 10 0.16H348331 2.45 0.6 3.35 <5 180 0.8 <2 4.32 <0.5 101 1040 282 9.87 10 0.53H348332 2.51 <0.5 3.61 <5 200 0.8 3 4.78 <0.5 93 854 385 9.51 10 0.59H348333 2.31 <0.5 3.88 <5 230 0.9 <2 5.48 <0.5 80 710 273 9.14 10 0.58

H348334 2.82 <0.5 4.38 5 230 1.0 <2 6.12 <0.5 66 616 209 8.70 10 0.58H348335 2.13 <0.5 4.22 <5 250 1.0 <2 5.50 <0.5 73 698 208 8.94 20 0.67H348336 2.51 0.7 3.76 <5 210 0.9 <2 4.93 <0.5 91 927 346 9.53 10 0.57H348337 2.38 <0.5 4.39 <5 230 1.0 <2 5.97 <0.5 76 617 330 9.32 10 0.58H348338 2.38 <0.5 4.09 <5 220 0.9 <2 5.77 <0.5 76 664 247 9.21 10 0.58

H348339 2.69 <0.5 4.67 <5 180 1.1 <2 5.95 <0.5 66 488 354 8.47 10 0.53H348340 0.92 <0.5 6.81 <5 560 1.7 2 0.31 <0.5 2 12 10 0.96 20 4.12H348341 0.53 2.9 6.37 39 530 1.5 2 0.60 0.7 93 7 4030 3.49 20 4.14H348342 4.15 <0.5 6.92 <5 550 1.4 5 0.15 <0.5 2 14 5 0.85 20 3.88H348343 4.41 <0.5 7.01 <5 570 1.5 2 0.16 <0.5 1 16 8 0.82 20 3.65

Page: 2 - BTotal # Pages: 5 (A - C)

Finalized Date: 14-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-224 SL

CERTIFICATE OF ANALYSIS TB09137004

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

E588465 30 0.31 83 <1 1.39 7 300 14 0.47 <5 5 107 <20 0.06 <10E588466 20 12.50 1340 1 0.56 894 660 4 1.82 <5 18 248 <20 0.62 10E588467 20 16.05 1325 <1 0.50 1200 460 <2 0.68 <5 13 238 <20 0.53 <10H348308 10 0.24 73 <1 2.42 5 350 17 0.03 <5 7 59 <20 0.04 <10H348309 30 4.50 1530 1 1.94 127 1330 4 0.22 <5 27 181 <20 1.40 <10

H348310 10 5.89 782 1 1.11 2750 90 <2 1.54 <5 16 80 <20 0.11 <10H348311 <10 0.30 85 <1 2.39 6 360 12 0.03 <5 6 60 <20 0.03 <10H348312 40 5.22 1535 1 1.01 165 1350 5 0.24 <5 27 334 <20 1.42 <10H348313 10 0.92 251 1 2.02 16 470 12 0.13 <5 8 65 <20 0.11 <10H348314 40 0.92 108 <1 0.27 7 260 7 0.09 <5 4 63 20 0.10 <10

H348315 40 0.92 108 <1 0.21 3 210 6 0.27 <5 3 46 20 0.06 <10H348316 30 5.04 948 <1 1.79 102 1320 10 0.45 <5 30 551 <20 1.43 <10H348317 30 5.37 1075 <1 2.11 113 1290 <2 1.02 <5 29 557 <20 1.32 <10H348318 30 6.92 1200 <1 1.61 229 1110 <2 0.14 <5 30 537 <20 1.25 <10H348319 20 8.05 1230 <1 1.29 352 1030 <2 0.18 <5 26 470 <20 1.15 <10

H348320 10 0.25 560 <1 2.68 3 170 7 <0.01 <5 5 175 <20 0.12 <10H348321 20 8.15 1220 1 1.30 298 1010 2 0.17 <5 29 449 <20 1.12 <10H348322 20 8.78 1330 <1 1.23 437 1010 2 0.22 <5 26 414 <20 1.08 <10H348323 20 8.91 1300 <1 1.11 415 910 <2 0.35 <5 26 385 <20 1.01 <10H348323 CRD 20 9.14 1330 1 1.11 426 910 <2 0.33 <5 26 386 <20 1.03 <10

H348324 20 9.81 1330 <1 1.13 543 930 2 0.34 <5 22 410 <20 0.97 <10H348325 20 8.50 1325 2 1.25 381 940 10 0.14 <5 28 463 <20 1.05 <10H348326 20 10.30 1370 1 1.17 543 910 3 0.16 <5 24 441 <20 0.99 <10H348327 20 9.52 1355 1 1.13 493 950 2 0.26 <5 26 443 <20 1.02 <10H348328 20 10.55 1400 <1 1.04 532 880 4 0.18 <5 24 433 <20 0.96 <10

H348329 20 10.55 1375 <1 1.03 568 850 4 0.18 <5 25 413 <20 0.94 <10H348330 10 10.10 1140 1 0.79 1345 150 5 0.32 <5 21 181 <20 0.12 <10H348331 20 11.65 1405 <1 0.99 658 820 4 0.29 <5 21 403 <20 0.88 <10H348332 20 10.40 1370 1 1.04 576 870 3 0.44 <5 23 436 <20 0.93 <10H348333 20 9.00 1340 1 1.18 427 920 4 0.21 <5 26 448 <20 1.04 <10

H348334 20 8.03 1310 <1 1.33 339 1010 <2 0.74 <5 28 500 <20 1.12 <10H348335 20 8.67 1330 <1 1.27 400 980 3 0.16 <5 26 483 <20 1.06 <10H348336 20 10.50 1360 <1 1.02 590 880 3 0.44 <5 24 417 <20 0.97 <10H348337 30 8.39 1330 <1 1.27 388 1080 2 0.22 <5 28 475 <20 1.14 <10H348338 20 8.57 1335 <1 1.20 388 940 3 0.25 <5 28 456 <20 1.10 <10

H348339 30 7.03 1295 1 1.46 318 970 43 0.29 <5 27 442 <20 1.13 <10H348340 40 0.41 92 <1 1.41 2 300 16 0.53 <5 5 101 20 0.07 <10H348341 30 0.59 204 <1 1.14 1385 380 85 2.53 <5 4 110 <20 0.20 <10H348342 40 0.33 86 <1 1.64 2 280 6 0.34 <5 4 110 20 0.07 <10H348343 40 0.33 86 1 1.81 2 280 6 0.21 <5 4 107 20 0.08 <10

Page: 2 - CTotal # Pages: 5 (A - C)

Finalized Date: 14-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-224 SL

CERTIFICATE OF ANALYSIS TB09137004

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

E588465 10 5 <10 57 <0.001 <0.0005 <0.001E588466 <10 169 <10 98 0.017 0.162 0.196E588467 <10 132 <10 101 0.001 0.0202 0.019H348308 20 <1 <10 7 <0.001 0.0006 0.001H348309 <10 261 10 117 0.006 0.0129 0.008

H348310 10 75 <10 69 0.058 0.168 0.743H348311 20 <1 <10 5 0.001 <0.0005 0.001H348312 <10 261 <10 111 0.003 0.0134 0.009H348313 20 27 <10 10 <0.001 0.0006 0.001H348314 <10 13 <10 7 <0.001 0.0006 <0.001

H348315 <10 6 <10 5 <0.001 <0.0005 <0.001H348316 <10 276 <10 47 0.003 0.0154 0.014H348317 <10 265 <10 48 0.002 0.0087 0.005H348318 <10 255 <10 52 0.002 0.0187 0.017H348319 <10 227 <10 94 0.008 0.0378 0.041

H348320 20 15 <10 28 <0.001 <0.0005 <0.001H348321 <10 232 <10 82 0.004 0.0280 0.031H348322 <10 222 <10 108 0.008 0.0627 0.093H348323 <10 211 <10 96 0.005 0.0538 0.070H348323 CRD <10 217 <10 96 0.006 0.0467 0.063

H348324 <10 196 <10 104 0.008 0.0743 0.102H348325 <10 224 <10 102 0.004 0.0345 0.040H348326 <10 195 <10 100 0.006 0.0407 0.058H348327 <10 214 <10 103 0.008 0.0734 0.119H348328 <10 204 10 105 0.004 0.0353 0.040

H348329 <10 194 <10 98 0.008 0.0721 0.079H348330 20 109 <10 288 0.102 >1.00 0.538 0.11 1.26 0.58H348331 <10 185 <10 105 0.005 0.0591 0.072H348332 <10 193 <10 101 0.006 0.0744 0.083H348333 <10 224 <10 100 0.004 0.0451 0.045

H348334 <10 232 <10 94 0.004 0.0406 0.043H348335 <10 221 <10 96 0.004 0.0380 0.041H348336 <10 200 <10 102 0.006 0.0715 0.087H348337 <10 233 10 104 0.007 0.0648 0.067H348338 <10 224 <10 96 0.004 0.0366 0.038

H348339 <10 228 <10 156 0.006 0.0528 0.055H348340 10 7 <10 58 <0.001 0.0005 <0.001H348341 10 35 <10 150 0.035 0.648 0.870H348342 10 5 <10 9 <0.001 0.0008 0.001H348343 <10 7 <10 2 <0.001 0.0014 0.001

Page: 3 - ATotal # Pages: 5 (A - C)

Finalized Date: 14-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-224 SL

CERTIFICATE OF ANALYSIS TB09137004

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H348343 CRD 0.02 <0.5 6.94 <5 570 1.5 5 0.16 <0.5 <1 13 1 0.82 20 4.01H348344 4.22 <0.5 6.73 34 470 2.0 2 0.66 <0.5 3 12 6 1.34 30 3.69H348345 3.82 <0.5 6.89 <5 610 1.4 <2 0.26 <0.5 2 13 2 0.80 20 4.12H348346 1.78 <0.5 6.75 <5 460 1.5 4 0.85 <0.5 3 8 2 1.43 20 3.70H348347 2.27 <0.5 3.91 13 90 1.0 <2 5.72 <0.5 61 396 255 8.79 10 0.38

H348348 2.64 <0.5 3.94 7 110 0.9 <2 6.97 <0.5 60 629 167 8.42 10 0.36H348349 2.37 <0.5 4.04 5 200 0.9 <2 4.88 <0.5 85 879 243 9.03 10 0.50H348350 0.12 1.3 8.17 <5 70 <0.5 <2 6.62 <0.5 100 427 3280 6.19 10 0.38H348351 2.54 <0.5 3.15 <5 170 0.7 <2 4.64 <0.5 95 1320 274 9.25 10 0.39H348352 2.44 <0.5 3.31 <5 150 0.7 <2 5.00 <0.5 91 1640 224 9.40 10 0.39

H348353 2.45 1.2 3.43 <5 140 0.7 <2 4.61 <0.5 89 1560 169 9.45 10 0.42H348354 2.16 1.0 3.66 6 190 1.0 <2 4.72 <0.5 86 849 277 8.56 10 0.37H348355 1.45 <0.5 6.65 <5 430 1.6 2 1.25 <0.5 2 9 32 1.76 20 3.52H348356 2.70 2.7 6.31 227 290 1.7 <2 4.10 0.8 48 19 1530 3.49 20 2.24H348357 4.10 <0.5 6.66 <5 560 1.9 2 0.38 <0.5 1 13 7 0.76 20 3.67

H348358 4.12 <0.5 6.77 <5 560 1.6 <2 0.18 <0.5 2 9 2 0.65 20 3.67H348359 2.93 <0.5 6.80 <5 540 1.4 <2 0.21 <0.5 1 9 <1 0.64 10 3.43H348360 0.09 <0.5 6.36 <5 920 1.0 <2 1.39 <0.5 2 25 16 1.59 10 2.13H348361 4.27 <0.5 6.92 <5 510 2.0 <2 0.17 <0.5 2 12 1 0.82 20 4.63H348362 4.68 <0.5 6.83 <5 660 1.7 <2 0.30 <0.5 2 16 1 1.06 20 4.52

H348363 1.79 0.8 5.48 11 120 1.4 <2 3.71 <0.5 43 288 151 7.81 20 0.59H348363 CRD <0.02 <0.5 5.70 8 140 1.5 <2 3.73 <0.5 43 289 151 7.84 20 0.72H348364 4.79 <0.5 6.65 <5 520 1.6 <2 1.07 <0.5 2 13 5 1.26 20 4.50H348365 4.60 <0.5 6.86 <5 590 1.4 <2 0.25 <0.5 1 12 2 0.96 20 4.50H348366 5.20 <0.5 6.84 <5 620 1.5 <2 0.19 <0.5 2 14 1 1.05 30 4.74

H348367 4.19 <0.5 6.62 <5 470 1.5 2 0.30 <0.5 2 9 1 1.09 20 3.90H348368 2.63 <0.5 4.53 <5 110 1.2 <2 5.43 <0.5 58 547 179 8.36 10 0.44H348369 2.47 1.0 4.54 9 120 1.0 <2 5.70 <0.5 63 716 123 8.43 10 0.45H348370 0.12 <0.5 6.72 <5 60 <0.5 <2 4.96 <0.5 78 3490 666 6.46 10 0.16H348371 2.43 0.7 3.66 13 100 0.9 <2 4.39 <0.5 87 1300 134 9.20 10 0.45

H348372 2.70 <0.5 3.55 9 160 0.9 <2 4.17 <0.5 92 1610 121 9.34 10 0.47H348373 2.74 <0.5 3.35 <5 140 0.8 <2 3.99 <0.5 94 1630 192 9.35 10 0.42H348374 2.48 0.8 3.01 <5 150 0.7 <2 3.84 <0.5 107 1850 485 9.96 10 0.36H348375 2.48 <0.5 2.91 <5 120 0.7 <2 3.77 <0.5 107 1990 772 9.57 10 0.33H348376 2.43 0.6 2.83 <5 120 0.7 <2 3.60 <0.5 116 2140 1090 9.89 10 0.32

H348377 2.50 <0.5 2.86 8 140 0.7 2 3.45 <0.5 109 1980 595 9.63 10 0.38H348378 2.64 0.9 3.28 <5 150 0.7 <2 3.74 <0.5 103 1940 199 9.39 10 0.35H348379 2.52 0.9 2.93 <5 110 0.7 3 3.40 <0.5 104 1930 384 9.70 10 0.34H348380 1.19 1.1 3.02 <5 130 0.7 <2 3.48 <0.5 111 1810 1205 9.65 10 0.36H348381 2.34 1.2 3.09 <5 160 0.7 <2 4.59 <0.5 100 1560 1970 9.44 10 0.34

Page: 3 - BTotal # Pages: 5 (A - C)

Finalized Date: 14-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-224 SL

CERTIFICATE OF ANALYSIS TB09137004

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H348343 CRD 40 0.33 85 1 1.84 <1 270 5 0.21 <5 4 104 20 0.08 10H348344 80 0.63 173 1 1.88 <1 310 11 0.37 <5 4 88 40 0.13 <10H348345 30 0.39 104 <1 1.59 <1 260 9 0.30 <5 5 109 <20 0.07 <10H348346 50 0.38 139 1 2.60 <1 490 2 0.99 <5 4 95 20 0.20 <10H348347 20 8.55 1420 1 0.94 246 770 6 1.28 <5 31 216 <20 1.01 <10

H348348 20 8.43 1375 <1 1.18 242 890 11 0.29 <5 37 277 <20 1.10 <10H348349 20 10.00 1305 <1 1.04 543 880 5 0.47 <5 23 394 <20 1.00 <10H348350 10 5.81 780 1 1.10 2820 80 3 1.53 <5 15 75 <20 0.11 <10H348351 20 11.45 1330 <1 0.79 673 690 <2 0.48 <5 23 331 <20 0.77 <10H348352 20 11.10 1360 1 0.81 652 720 3 0.43 <5 25 319 <20 0.87 <10

H348353 20 11.00 1375 <1 0.76 634 770 3 0.61 <5 23 319 <20 0.93 <10H348354 20 10.05 1335 1 0.97 562 730 40 0.73 <5 25 322 <20 0.86 <10H348355 40 1.60 242 <1 2.35 2 300 6 0.36 <5 3 89 20 0.07 <10H348356 40 1.54 654 2 2.72 796 540 266 2.35 <5 6 156 20 0.29 <10H348357 30 0.33 109 <1 2.20 2 300 18 0.39 <5 4 108 <20 0.07 <10

H348358 30 0.30 98 <1 2.32 1 260 9 0.31 <5 3 111 20 0.07 <10H348359 30 0.27 79 <1 2.26 <1 310 9 0.26 <5 3 122 20 0.06 <10H348360 10 0.22 566 <1 2.73 2 190 7 <0.01 <5 5 178 <20 0.12 <10H348361 40 0.46 75 <1 1.00 <1 290 9 0.32 <5 4 80 20 0.07 <10H348362 50 0.60 113 <1 1.36 1 270 15 0.46 <5 3 97 20 0.08 <10

H348363 40 4.14 1365 <1 2.40 111 1300 13 2.60 <5 27 109 <20 1.35 <10H348363 CRD 40 4.19 1365 <1 2.46 111 1320 14 2.67 <5 27 105 <20 1.35 <10H348364 40 0.59 128 <1 1.35 2 270 13 0.87 <5 4 82 20 0.09 <10H348365 50 0.46 78 <1 1.63 1 240 10 0.46 <5 3 106 20 0.10 <10H348366 40 0.47 63 <1 0.89 2 240 13 0.65 <5 4 88 <20 0.09 <10

H348367 40 0.34 58 <1 1.98 1 250 10 0.88 <5 4 105 20 0.08 <10H348368 20 7.83 1695 <1 1.70 300 930 5 0.31 <5 27 206 <20 1.04 <10H348369 20 7.79 1585 <1 1.64 336 1030 24 1.97 <5 24 287 <20 1.05 <10H348370 10 10.25 1145 <1 0.79 1370 150 7 0.32 <5 21 183 <20 0.12 <10H348371 20 11.00 1320 <1 0.74 586 780 6 2.93 <5 20 262 <20 0.70 <10

H348372 20 11.40 1345 <1 0.81 638 790 4 1.16 <5 19 356 <20 0.79 <10H348373 20 11.75 1340 <1 0.76 667 750 7 1.56 <5 19 365 <20 0.73 <10H348374 20 13.15 1400 <1 0.69 868 650 3 0.54 <5 19 311 <20 0.73 10H348375 20 12.85 1315 <1 0.51 927 650 6 1.22 <5 17 242 <20 0.66 <10H348376 20 13.20 1380 1 0.59 1050 610 4 0.90 <5 18 266 <20 0.68 <10

H348377 20 13.00 1375 <1 0.64 865 620 <2 0.92 <5 17 301 <20 0.67 <10H348378 20 12.60 1425 <1 0.71 762 670 3 0.75 <5 18 318 <20 0.73 <10H348379 20 12.80 1395 <1 0.52 825 710 4 3.10 <5 17 253 <20 0.56 <10H348380 20 12.15 1315 <1 0.60 960 610 5 1.81 <5 17 281 <20 0.63 <10H348381 20 11.45 1335 <1 0.55 899 590 6 2.68 <5 18 286 <20 0.66 <10

Page: 3 - CTotal # Pages: 5 (A - C)

Finalized Date: 14-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-224 SL

CERTIFICATE OF ANALYSIS TB09137004

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H348343 CRD 10 7 <10 2 <0.001 <0.0005 <0.001H348344 <10 12 <10 23 <0.001 <0.0005 <0.001H348345 10 6 <10 19 0.002 <0.0005 <0.001H348346 10 18 <10 5 <0.001 0.0005 <0.001H348347 <10 235 <10 78 0.012 0.107 0.124

H348348 <10 238 <10 115 0.004 0.0252 0.020H348349 <10 203 <10 97 0.005 0.0597 0.064H348350 20 75 <10 68 0.051 0.181 0.660H348351 <10 170 <10 92 0.007 0.0567 0.059H348352 <10 195 <10 106 0.005 0.0473 0.043

H348353 10 202 <10 99 0.004 0.0367 0.033H348354 <10 187 <10 142 0.005 0.0587 0.057H348355 10 4 <10 42 0.001 0.0008 0.001H348356 10 47 <10 363 0.009 0.404 0.478H348357 20 8 <10 35 <0.001 0.0017 0.002

H348358 10 6 10 10 <0.001 0.0008 0.001H348359 20 5 <10 <2 <0.001 <0.0005 <0.001H348360 10 16 <10 28 <0.001 <0.0005 <0.001H348361 10 7 <10 2 <0.001 <0.0005 0.001H348362 <10 7 <10 4 <0.001 0.0005 <0.001

H348363 <10 254 <10 72 0.003 0.0154 0.012H348363 CRD 10 253 <10 75 0.003 0.0149 0.011H348364 <10 11 <10 25 <0.001 0.0010 0.004H348365 10 9 <10 2 0.001 <0.0005 0.001H348366 <10 8 <10 2 <0.001 0.0005 0.003

H348367 10 7 <10 2 0.004 0.0006 0.008H348368 <10 225 <10 77 0.006 0.0819 0.088H348369 10 236 <10 109 0.007 0.0133 0.009H348370 10 113 <10 291 0.076 >1.00 0.534 0.10 1.25 0.57H348371 <10 187 <10 95 0.004 0.0212 0.018

H348372 <10 185 <10 101 0.003 0.0278 0.021H348373 10 175 10 109 0.004 0.0381 0.039H348374 <10 169 <10 103 0.011 0.103 0.102H348375 <10 161 <10 108 0.016 0.244 0.267H348376 <10 166 <10 103 0.025 0.317 0.355

H348377 <10 162 10 99 0.013 0.1540 0.164H348378 <10 165 <10 118 0.005 0.0506 0.046H348379 <10 167 <10 122 0.008 0.0974 0.104H348380 <10 163 10 97 0.020 0.273 0.300H348381 <10 170 <10 93 0.039 0.386 0.423

Page: 4 - ATotal # Pages: 5 (A - C)

Finalized Date: 14-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-224 SL

CERTIFICATE OF ANALYSIS TB09137004

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H348382 2.65 0.9 3.10 5 100 0.7 <2 4.15 <0.5 99 1790 270 9.43 10 0.31H348383 2.47 <0.5 2.98 <5 150 0.7 <2 4.05 <0.5 103 1870 533 9.62 10 0.41H348383 CRD <0.02 <0.5 3.00 <5 150 0.7 <2 4.05 <0.5 103 1910 459 9.59 10 0.40H348384 2.66 <0.5 2.95 5 130 0.7 4 3.99 <0.5 101 2060 203 9.72 10 0.36H348385 2.58 0.7 3.23 <5 180 0.8 <2 3.56 <0.5 102 2000 564 9.60 10 0.46

H348386 2.72 0.6 3.30 <5 140 0.8 <2 3.66 <0.5 96 2280 283 9.56 20 0.45H348387 2.70 <0.5 3.18 5 160 0.8 <2 3.85 <0.5 98 2230 290 9.20 10 0.43H348388 2.52 2.0 2.93 <5 130 0.7 <2 3.75 <0.5 136 2310 2820 10.00 10 0.37H348389 2.51 1.7 3.03 <5 150 0.8 <2 3.36 0.5 149 2300 4070 10.40 10 0.43H348390 0.12 0.9 8.30 <5 70 <0.5 <2 6.67 0.5 99 425 3260 6.22 10 0.38

H348391 2.68 1.2 3.06 <5 170 0.8 <2 3.79 <0.5 104 2570 597 9.38 10 0.36H348392 2.00 <0.5 2.79 8 110 0.7 <2 2.76 <0.5 102 2040 271 9.24 10 0.31H348393 2.43 1.4 3.22 <5 150 0.8 <2 3.31 <0.5 117 2020 1975 9.76 10 0.49H348394 2.44 1.0 3.17 11 140 0.8 <2 3.27 <0.5 109 2210 734 9.64 10 0.41H348395 2.96 <0.5 3.56 13 160 0.8 2 3.90 <0.5 100 2060 123 9.46 20 0.40

H348396 2.55 0.8 3.54 <5 150 0.8 <2 4.05 <0.5 96 1870 170 9.44 20 0.43H348397 2.66 <0.5 3.30 <5 130 0.6 <2 4.98 <0.5 93 2050 358 9.19 20 0.44H348398 2.44 <0.5 3.01 7 90 0.7 <2 3.99 <0.5 97 2160 223 9.29 20 0.35H348399 2.32 <0.5 2.77 22 120 0.6 <2 3.50 <0.5 104 2830 126 9.68 20 0.36H348400 0.09 0.6 6.39 <5 870 1.0 <2 1.32 <0.5 2 26 15 1.54 10 2.09

H348401 2.30 <0.5 2.61 5 110 0.6 3 3.58 <0.5 102 2820 117 9.36 10 0.32H348402 2.52 0.5 2.71 7 110 0.6 3 3.54 <0.5 100 2740 119 9.16 20 0.35H348403 2.45 <0.5 2.56 15 120 0.6 2 3.31 <0.5 104 2880 118 9.44 20 0.33H348403 CRD <0.02 <0.5 2.59 <5 120 0.6 <2 3.33 <0.5 102 2800 125 9.27 10 0.33H348404 2.59 0.5 2.54 5 100 0.6 <2 3.67 <0.5 104 2860 260 9.26 10 0.29

H348405 2.35 <0.5 2.49 7 120 0.6 <2 3.36 <0.5 105 2760 188 9.45 10 0.27H348406 2.40 <0.5 2.77 13 110 0.6 2 3.82 <0.5 107 2860 133 9.64 10 0.28H348407 2.46 <0.5 2.48 <5 110 0.6 <2 3.74 <0.5 108 2920 103 9.51 10 0.34H348408 2.61 <0.5 2.49 7 110 0.6 <2 3.92 <0.5 103 2560 141 9.14 10 0.24H348409 2.57 0.6 2.28 <5 110 0.6 <2 3.65 <0.5 105 2560 243 9.18 10 0.32

H348410 0.12 <0.5 6.55 10 50 <0.5 4 4.59 <0.5 72 3660 624 6.02 10 0.15H348411 2.56 1.4 2.30 5 100 0.5 <2 3.28 <0.5 114 3430 161 9.71 10 0.30H348412 2.61 <0.5 2.24 <5 100 0.5 <2 3.02 <0.5 114 3650 183 9.61 20 0.27H348413 2.71 <0.5 2.17 8 100 0.5 3 2.89 <0.5 118 3850 328 9.71 20 0.30H348414 2.64 <0.5 2.16 5 90 0.5 2 2.90 <0.5 119 3860 369 9.68 20 0.29

H348415 2.88 <0.5 2.09 19 90 0.5 3 2.93 <0.5 115 3590 151 9.51 20 0.30H348416 2.85 <0.5 2.06 8 90 <0.5 <2 2.83 <0.5 119 3600 185 9.77 10 0.28H348417 2.56 <0.5 2.20 9 90 0.5 2 2.91 <0.5 122 3670 251 9.74 20 0.30H348418 2.54 <0.5 2.12 10 90 0.5 5 2.80 <0.5 117 4020 119 9.64 20 0.29H348419 2.41 <0.5 2.08 8 70 <0.5 2 2.58 <0.5 119 4150 197 9.58 10 0.23

Page: 4 - BTotal # Pages: 5 (A - C)

Finalized Date: 14-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-224 SL

CERTIFICATE OF ANALYSIS TB09137004

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H348382 20 11.85 1355 1 0.50 717 740 9 1.35 <5 20 219 <20 0.76 <10H348383 20 12.00 1400 <1 0.66 806 680 4 0.96 <5 19 324 <20 0.73 <10H348383 CRD 20 12.10 1395 <1 0.67 783 670 6 0.94 <5 19 324 <20 0.72 <10H348384 20 12.85 1445 <1 0.65 746 630 6 0.66 <5 19 311 <20 0.70 <10H348385 20 12.55 1365 <1 0.81 764 730 <2 0.28 <5 17 346 <20 0.80 <10

H348386 20 11.65 1320 <1 0.83 739 690 3 0.54 <5 17 347 <20 0.81 <10H348387 20 12.10 1295 <1 0.84 742 750 2 0.61 <5 18 346 <20 0.70 <10H348388 20 11.75 1345 1 0.76 1685 700 5 1.64 <5 17 296 <20 0.64 10H348389 20 11.50 1285 <1 0.77 2210 650 6 1.79 <5 17 281 <20 0.67 <10H348390 10 5.85 780 <1 1.10 2830 90 2 1.53 <5 16 77 <20 0.11 <10

H348391 20 12.65 1330 <1 0.81 871 640 4 0.57 <5 18 310 <20 0.70 <10H348392 20 13.10 1395 <1 0.52 800 590 6 2.30 <5 17 196 <20 0.58 <10H348393 20 12.00 1350 <1 0.78 1400 730 6 1.76 <5 17 315 <20 0.78 <10H348394 20 12.65 1300 3 0.82 982 740 18 1.25 <5 16 316 <20 0.75 <10H348395 20 12.50 1345 1 1.02 743 770 2 0.37 <5 18 392 <20 0.84 <10

H348396 20 11.85 1335 1 0.96 709 630 6 0.37 <5 19 380 <20 0.85 <10H348397 20 11.25 1385 1 0.83 725 570 6 1.01 <5 24 330 <20 0.89 <10H348398 20 12.25 1380 1 0.55 800 590 6 2.05 <5 24 195 <20 0.69 <10H348399 20 13.35 1350 <1 0.61 939 570 2 1.80 <5 20 232 <20 0.70 <10H348400 20 0.24 551 1 2.72 5 180 7 0.01 <5 5 171 <20 0.12 <10

H348401 20 13.05 1300 <1 0.62 877 530 5 0.86 <5 18 262 <20 0.68 <10H348402 20 12.90 1320 1 0.65 900 660 4 1.06 <5 18 257 <20 0.64 <10H348403 20 13.30 1310 <1 0.62 922 700 5 1.37 <5 18 242 <20 0.54 <10H348403 CRD 20 13.15 1300 <1 0.63 860 680 <2 1.35 <5 17 250 <20 0.54 <10H348404 20 12.95 1270 <1 0.68 954 690 <2 0.57 <5 18 280 <20 0.68 <10

H348405 20 13.30 1310 <1 0.61 918 680 4 0.54 <5 18 241 <20 0.67 <10H348406 20 13.85 1340 1 0.69 905 600 <2 0.33 <5 18 316 <20 0.68 <10H348407 20 13.80 1335 1 0.66 917 630 2 0.85 <5 18 267 <20 0.67 <10H348408 20 13.40 1295 <1 0.61 913 540 <2 0.35 <5 19 283 <20 0.62 <10H348409 20 13.45 1275 1 0.64 958 550 <2 0.98 <5 18 239 <20 0.56 <10

H348410 10 9.64 1055 1 0.76 1345 150 4 0.30 <5 19 170 <20 0.11 <10H348411 20 14.50 1315 1 0.59 1085 460 2 1.06 <5 16 247 <20 0.52 <10H348412 20 14.75 1310 <1 0.57 1100 480 <2 0.46 <5 15 245 <20 0.55 <10H348413 20 15.20 1315 <1 0.53 1170 470 2 1.26 <5 15 221 <20 0.51 <10H348414 20 15.15 1310 <1 0.52 1240 470 <2 0.88 <5 15 237 <20 0.55 <10

H348415 20 15.40 1295 1 0.48 1175 450 <2 1.68 <5 14 228 <20 0.47 <10H348416 20 15.90 1310 <1 0.50 1240 440 2 1.70 <5 14 242 <20 0.41 <10H348417 20 15.70 1310 <1 0.51 1300 460 3 1.36 <5 15 250 <20 0.52 <10H348418 20 15.70 1320 <1 0.50 1215 480 <2 1.11 <5 15 233 <20 0.55 <10H348419 20 15.85 1345 <1 0.47 1285 400 3 1.04 <5 13 241 <20 0.53 <10

Page: 4 - CTotal # Pages: 5 (A - C)

Finalized Date: 14-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-224 SL

CERTIFICATE OF ANALYSIS TB09137004

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H348382 <10 182 <10 110 0.007 0.0638 0.061H348383 <10 174 <10 102 0.010 0.1230 0.131H348383 CRD <10 171 <10 103 0.009 0.1100 0.116H348384 10 170 <10 105 0.004 0.0367 0.029H348385 <10 172 <10 104 0.012 0.1090 0.111

H348386 <10 188 <10 103 0.004 0.0568 0.057H348387 <10 158 <10 100 0.005 0.0613 0.062H348388 10 145 <10 106 0.039 0.608 0.731H348389 <10 148 <10 108 0.057 0.819 0.970H348390 <10 75 <10 67 0.046 0.1890 0.699

H348391 <10 166 <10 101 0.014 0.1400 0.155H348392 <10 147 <10 97 0.006 0.0606 0.062H348393 <10 166 <10 98 0.022 0.338 0.540H348394 <10 161 <10 160 0.012 0.1470 0.160H348395 <10 175 10 106 0.005 0.0262 0.016

H348396 <10 178 <10 106 0.003 0.0323 0.030H348397 <10 190 <10 100 0.007 0.0751 0.075H348398 <10 186 <10 120 0.005 0.0339 0.031H348399 <10 174 <10 116 0.003 0.0170 0.012H348400 10 15 <10 27 0.001 <0.0005 <0.001

H348401 <10 169 <10 113 0.003 0.0193 0.013H348402 <10 159 <10 99 0.003 0.0151 0.010H348403 <10 160 <10 101 0.002 0.0174 0.012H348403 CRD <10 158 <10 99 0.003 0.0226 0.018H348404 <10 164 <10 99 0.004 0.0514 0.054

H348405 <10 162 <10 109 0.003 0.0281 0.025H348406 <10 161 <10 101 0.002 0.0183 0.014H348407 <10 163 10 103 0.001 0.0153 0.009H348408 <10 145 <10 98 0.002 0.0171 0.011H348409 <10 140 <10 97 0.004 0.0348 0.031

H348410 <10 106 <10 274 0.104 >1.00 0.563 0.11 1.22 0.56H348411 <10 152 <10 103 0.004 0.0345 0.028H348412 <10 144 <10 99 0.005 0.0502 0.046H348413 <10 142 <10 104 0.007 0.0891 0.091H348414 <10 143 <10 100 0.008 0.1075 0.113

H348415 <10 135 <10 103 0.002 0.0247 0.023H348416 10 135 10 103 0.004 0.0402 0.039H348417 <10 139 <10 99 0.005 0.0487 0.047H348418 <10 143 <10 100 0.002 0.0124 0.010H348419 <10 132 <10 106 0.004 0.0368 0.036

Page: 5 - ATotal # Pages: 5 (A - C)

Finalized Date: 14-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-224 SL

CERTIFICATE OF ANALYSIS TB09137004

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H348420 1.13 <0.5 2.11 8 90 0.5 2 2.47 <0.5 117 4400 113 9.33 20 0.23H348421 2.38 <0.5 2.06 <5 90 <0.5 2 2.46 <0.5 117 4310 175 9.16 10 0.22H348422 2.38 <0.5 1.94 <5 80 <0.5 <2 2.55 0.5 122 4770 239 9.41 10 0.19H348423 2.41 0.7 1.88 5 90 <0.5 <2 2.34 <0.5 123 4890 153 9.47 10 0.22H348423 CRD <0.02 <0.5 1.88 <5 80 <0.5 <2 2.33 <0.5 120 4900 171 9.32 10 0.20

H348424 2.34 <0.5 2.10 11 90 0.5 <2 2.56 <0.5 118 2010 61 8.99 10 0.27H348425 2.47 <0.5 1.86 7 80 <0.5 <2 2.36 <0.5 118 3020 287 9.24 20 0.22H348426 2.24 <0.5 1.90 8 80 <0.5 <2 2.37 <0.5 124 3540 96 9.46 10 0.20H348427 2.41 <0.5 2.03 <5 80 <0.5 <2 2.37 <0.5 118 3520 103 9.17 10 0.21H348428 2.41 <0.5 2.08 10 90 <0.5 <2 2.50 <0.5 123 3440 313 9.49 20 0.24

H348429 2.45 <0.5 2.00 14 80 <0.5 6 2.41 <0.5 122 3640 134 9.46 10 0.23H348430 0.12 2.1 8.24 <5 60 <0.5 3 6.36 0.5 95 442 3210 5.97 10 0.36H348431 2.39 <0.5 2.08 9 90 0.5 4 2.46 <0.5 121 3560 124 9.45 10 0.25H348432 2.54 <0.5 2.23 <5 90 <0.5 <2 2.66 <0.5 117 3530 123 9.38 10 0.26H348433 2.58 1.0 2.35 <5 100 0.5 <2 2.71 <0.5 113 3320 127 9.16 10 0.27

H348434 2.44 <0.5 2.31 5 100 0.5 <2 2.64 <0.5 113 3310 128 9.27 10 0.28H348435 2.59 <0.5 2.49 <5 110 0.6 5 2.72 <0.5 111 3060 168 9.03 20 0.30H348436 2.64 <0.5 2.36 14 110 0.6 <2 2.84 <0.5 110 3150 146 9.07 10 0.31H348437 2.30 <0.5 2.35 8 100 0.5 <2 3.02 <0.5 112 3050 122 9.27 20 0.25H348438 2.67 0.9 2.52 <5 120 0.7 <2 4.12 <0.5 108 2820 480 9.20 10 0.29

H348439 2.67 0.7 2.81 <5 130 0.7 <2 3.36 <0.5 111 3050 520 9.55 20 0.34H348440 0.08 0.5 6.31 <5 850 0.9 2 1.32 <0.5 2 25 15 1.51 10 2.04H348441 2.75 <0.5 2.76 16 110 0.6 <2 3.32 <0.5 114 2730 237 9.80 20 0.35H348442 2.61 <0.5 2.76 <5 100 0.6 <2 3.53 <0.5 115 2250 180 10.10 10 0.29H348443 2.58 0.8 2.95 12 110 0.6 <2 3.68 <0.5 117 1780 315 10.20 10 0.29

H348443 CRD <0.02 <0.5 2.87 <5 110 0.6 <2 3.59 <0.5 111 1750 240 10.00 10 0.28H348444 2.31 <0.5 3.12 16 100 0.8 <2 4.02 0.6 102 663 538 9.53 20 0.33H348445 2.61 1.1 3.47 10 110 0.8 2 3.56 <0.5 109 360 1110 9.98 20 0.43H348446 1.46 <0.5 4.53 <5 110 0.8 <2 3.17 <0.5 111 135 171 11.40 20 0.49H348447 4.85 <0.5 7.18 13 240 1.6 <2 3.37 <0.5 50 20 87 9.52 30 0.78

H348448 4.13 0.5 6.99 <5 480 1.3 <2 0.38 <0.5 1 14 4 0.82 20 4.67H348449 4.56 0.5 7.15 <5 370 1.5 <2 0.26 <0.5 1 13 2 0.79 30 4.20H348450 0.12 0.9 6.63 <5 60 <0.5 <2 4.64 <0.5 74 3310 626 6.09 10 0.15

Page: 5 - BTotal # Pages: 5 (A - C)

Finalized Date: 14-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-224 SL

CERTIFICATE OF ANALYSIS TB09137004

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H348420 20 15.65 1250 <1 0.49 1235 460 <2 0.67 <5 13 226 <20 0.52 <10H348421 20 15.60 1260 <1 0.49 1310 430 <2 0.59 <5 12 232 <20 0.50 <10H348422 20 16.20 1270 <1 0.41 1370 410 <2 1.18 <5 13 225 <20 0.48 <10H348423 20 16.55 1275 <1 0.43 1410 440 2 1.51 <5 13 199 <20 0.38 <10H348423 CRD 20 16.45 1255 <1 0.42 1360 430 2 1.65 <5 13 210 <20 0.36 <10

H348424 20 16.25 1240 <1 0.53 1345 480 2 0.88 <5 13 257 <20 0.53 <10H348425 20 16.10 1245 1 0.47 1385 450 <2 1.24 <5 13 207 <20 0.45 <10H348426 20 16.80 1285 <1 0.46 1375 430 <2 1.19 <5 13 213 <20 0.44 <10H348427 20 16.10 1255 <1 0.47 1365 430 <2 1.36 <5 12 230 <20 0.45 <10H348428 20 16.50 1285 <1 0.49 1410 440 3 1.68 <5 13 246 <20 0.53 <10

H348429 20 16.60 1275 <1 0.48 1360 440 3 1.27 <5 13 224 <20 0.50 <10H348430 10 5.68 747 1 1.09 2860 80 8 1.49 5 15 77 <20 0.11 <10H348431 20 16.50 1295 1 0.51 1310 490 4 1.26 <5 13 227 <20 0.50 <10H348432 20 15.90 1290 <1 0.58 1265 650 3 0.98 <5 13 265 <20 0.56 <10H348433 20 15.10 1270 <1 0.60 1220 700 5 0.35 <5 14 268 <20 0.59 <10

H348434 20 15.25 1260 <1 0.55 1195 570 <2 0.15 <5 14 244 <20 0.59 <10H348435 20 14.80 1220 <1 0.63 1170 520 2 0.16 <5 15 226 <20 0.62 <10H348436 20 14.70 1255 <1 0.62 1150 560 3 1.21 <5 14 272 <20 0.48 <10H348437 20 14.75 1195 1 0.61 1180 570 6 2.76 <5 15 287 <20 0.32 <10H348438 20 13.35 1180 1 0.75 1195 560 2 2.72 <5 15 405 <20 0.56 <10

H348439 20 14.10 1355 <1 0.84 1320 590 6 1.10 <5 16 311 <20 0.72 <10H348440 20 0.22 535 1 2.67 4 190 7 0.01 6 5 166 <20 0.11 <10H348441 20 14.05 1345 <1 0.75 1200 670 <2 1.12 <5 16 313 <20 0.72 <10H348442 20 13.95 1385 <1 0.72 1090 710 <2 0.91 <5 18 306 <20 0.75 <10H348443 20 13.15 1405 <1 0.77 1105 670 3 0.27 <5 20 282 <20 0.82 <10

H348443 CRD 20 13.00 1380 <1 0.76 1010 650 4 0.25 <5 20 278 <20 0.79 <10H348444 20 11.55 1440 <1 0.63 977 650 5 0.78 <5 19 239 <20 0.80 <10H348445 20 11.10 1285 1 0.71 1015 600 6 0.43 <5 21 224 <20 1.02 <10H348446 20 10.00 1390 1 0.94 506 970 2 0.31 <5 17 302 <20 1.32 <10H348447 40 3.58 1300 1 3.11 79 1610 8 0.33 <5 18 500 <20 1.77 <10

H348448 20 0.32 105 1 2.18 7 290 43 0.22 <5 4 180 20 0.06 <10H348449 30 0.27 56 <1 2.32 5 300 22 0.27 <5 5 139 20 0.07 <10H348450 10 9.77 1065 1 0.77 1350 140 7 0.31 <5 19 172 <20 0.11 <10

Page: 5 - CTotal # Pages: 5 (A - C)

Finalized Date: 14-DEC-2009Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-224 SL

CERTIFICATE OF ANALYSIS TB09137004

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27U V W Zn Au Pt Pd Au Pt Pd

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm10 1 10 2 0.001 0.0005 0.001 0.03 0.03 0.03

H348420 <10 130 <10 97 0.003 0.0234 0.019H348421 <10 127 <10 95 0.004 0.0321 0.031H348422 <10 132 <10 99 0.005 0.0595 0.059H348423 <10 131 <10 98 0.002 0.0247 0.021H348423 CRD <10 130 <10 97 0.003 0.0291 0.027

H348424 <10 103 10 90 0.001 0.0066 0.005H348425 <10 122 <10 94 0.005 0.0605 0.058H348426 <10 122 <10 96 0.002 0.0225 0.022H348427 <10 121 <10 94 0.002 0.0170 0.014H348428 <10 121 <10 97 0.005 0.0506 0.048

H348429 <10 122 <10 97 0.003 0.0226 0.021H348430 <10 73 <10 64 0.043 0.1875 0.701H348431 <10 120 <10 98 0.004 0.0200 0.018H348432 <10 129 <10 97 0.003 0.0200 0.018H348433 <10 134 <10 99 0.002 0.0216 0.020

H348434 <10 133 <10 96 0.002 0.0222 0.021H348435 <10 134 <10 94 0.003 0.0264 0.026H348436 <10 132 <10 99 0.003 0.0265 0.024H348437 <10 139 <10 98 0.002 0.0163 0.014H348438 <10 149 <10 107 0.008 0.0897 0.103

H348439 <10 160 <10 108 0.010 0.1125 0.121H348440 10 16 <10 26 0.002 0.0018 0.001H348441 <10 160 <10 103 0.005 0.0352 0.035H348442 <10 169 <10 104 0.004 0.0190 0.016H348443 <10 182 <10 113 0.008 0.0511 0.048

H348443 CRD <10 178 <10 110 0.005 0.0350 0.031H348444 <10 172 <10 161 0.011 0.0928 0.095H348445 <10 201 <10 147 0.020 0.146 0.142H348446 <10 268 <10 149 0.004 0.0210 0.019H348447 <10 329 <10 143 0.003 0.0017 0.001

H348448 30 7 <10 7 0.002 0.0009 0.001H348449 30 8 <10 2 0.003 0.0008 0.001H348450 <10 105 <10 276 0.102 >1.00 0.506 0.11 1.29 0.59

ALS CODE DESCRIPTION

SAMPLE PREPARATION

WEI-21 Received Sample WeightLOG-21d Sample logging - ClientBarCode DupSPL-21d Split sample - duplicatePUL-31d Pulverize Split - duplicateSPL-34 Pulp Splitting ChargeLOG-22 Sample login - Rcd w/o BarCodeCRU-31 Fine crushing - 70% <2mmSPL-21 Split sample - riffle splitterPUL-31 Pulverize split to 85% <75 umLOG-23 Pulp Login - Rcvd with BarcodeCRU-QC Crushing QC TestPUL-QC Pulverizing QC Test

ALS CODE DESCRIPTION INSTRUMENT

ANALYTICAL PROCEDURES

Cu-OG62 VARIABLEOre Grade Cu - Four AcidPGM-MS23 ICP-MSPt, Pd, Au 30g FA ICP-MSPGM-ICP27 ICP-AESOre grade Pt, Pd and Au by ICPS-IR08 LECOTotal Sulphur (Leco)ME-ICP61 ICP-AES33 element four acid ICP-AESME-OG62 ICP-AESOre Grade Elements - Four Acid

CERTIFICATE TB09140160

This report is for 120 Drill Core samples submitted to our lab in Thunder Bay, ON, Canada on 11-DEC-2009.

Project: SD09-225 SLP.O. No.:

The following have access to data associated with this certificate:GMAM - CONSULTANT WEBTRIE JUSTIN JOHNSON ALLAN MACTAVISH

MGMAM DATA SUPPORT KEITH WATKINS

MAGMA METALS (CANADA) LIMITEDATTN: MGMAM DATA SUPPORTP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Page: 1Finalized Date: 29-JAN-2010

Account: MGMAM

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature:

Colin Ramshaw, Vancouver Laboratory Manager

ALS Chemex

Page: 2 - ATotal # Pages: 4 (A - C)

Finalized Date: 29-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-225 SL

CERTIFICATE OF ANALYSIS TB09140160

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

E588468 1.11 <0.5 3.43 8 180 0.8 <2 7.12 <0.5 78 856 224 8.51 10 0.36E588469 1.14 <0.5 2.24 6 120 0.5 2 3.81 <0.5 120 1080 243 9.77 10 0.29H348451 2.04 <0.5 8.17 <5 880 1.8 3 0.89 <0.5 22 107 69 4.43 20 2.30H348452 2.86 <0.5 5.51 8 3150 1.5 2 6.27 <0.5 40 280 147 7.12 20 0.41H348453 2.47 <0.5 7.32 45 820 1.8 2 2.08 0.8 28 211 54 4.55 20 2.31

H348454 4.66 <0.5 7.48 10 500 2.0 <2 0.46 <0.5 20 155 6 3.52 20 2.30H348455 4.49 <0.5 7.98 11 750 2.7 3 0.30 <0.5 21 155 8 3.80 20 3.61H348456 3.30 <0.5 5.74 9 320 1.6 3 0.65 <0.5 24 208 166 3.55 20 1.47H348457 3.45 <0.5 6.85 6 580 1.7 <2 1.91 <0.5 28 36 95 6.01 20 1.81H348458 3.39 <0.5 6.76 10 410 1.7 <2 2.21 <0.5 23 25 79 5.88 20 1.90

H348459 3.25 <0.5 6.79 11 370 1.7 2 2.98 <0.5 25 52 36 5.79 20 1.76H348460 0.12 0.5 6.68 8 60 <0.5 3 4.71 <0.5 76 3170 654 6.06 10 0.15H348461 2.23 <0.5 5.92 5 250 1.7 4 3.15 0.5 38 179 276 6.24 20 1.24H348462 2.51 <0.5 5.28 8 250 1.3 2 6.68 0.5 46 321 123 7.77 20 0.69H348463 2.50 0.6 4.97 8 220 1.1 <2 6.95 <0.5 54 481 136 8.03 20 0.55

H348463 CRD <0.02 0.5 4.98 10 220 1.1 2 6.76 <0.5 56 493 152 8.18 20 0.54H348464 2.42 0.5 4.79 6 200 1.1 2 6.85 <0.5 64 607 197 8.18 20 0.55H348465 2.48 <0.5 4.14 20 160 0.9 3 6.18 <0.5 79 790 208 9.11 10 0.39H348466 2.61 0.5 4.10 7 160 0.9 2 7.24 <0.5 67 626 240 8.10 10 0.33H348467 2.60 0.5 3.63 7 180 0.8 <2 5.87 <0.5 84 729 323 9.00 10 0.39

H348468 2.39 <0.5 3.21 37 120 0.7 4 6.14 <0.5 85 738 272 8.62 10 0.30H348469 2.45 <0.5 3.42 21 130 0.9 4 6.12 <0.5 82 721 284 8.00 10 0.26H348470 0.09 0.6 5.89 <5 870 1.0 2 1.25 <0.5 2 22 13 1.43 10 2.02H348471 2.46 0.6 3.64 16 210 1.1 3 4.31 <0.5 83 877 389 7.50 10 0.39H348472 2.52 <0.5 3.55 13 180 1.2 3 3.42 <0.5 96 1320 307 8.07 10 0.44

H348473 2.44 1.2 3.61 17 180 1.1 3 3.61 <0.5 94 1160 274 8.17 10 0.49H348474 2.56 0.6 2.84 8 170 0.6 <2 5.51 <0.5 104 935 566 8.91 10 0.40H348475 2.65 <0.5 2.64 <5 160 0.7 <2 4.65 <0.5 106 1240 288 9.36 10 0.41H348476 2.57 <0.5 2.18 6 140 0.7 <2 3.71 <0.5 116 1550 314 9.73 10 0.41H348477 2.58 <0.5 2.84 <5 150 0.6 <2 4.90 <0.5 106 1190 356 8.99 10 0.39

H348478 2.39 <0.5 2.79 5 140 0.6 <2 3.52 <0.5 109 1810 265 9.76 10 0.40H348479 2.67 <0.5 2.66 <5 130 0.6 <2 5.00 <0.5 100 1290 179 9.09 10 0.38H348480 0.12 0.9 8.27 <5 70 <0.5 <2 6.73 <0.5 99 430 3370 6.18 10 0.38H348481 2.54 <0.5 2.70 <5 120 0.7 <2 5.66 <0.5 94 1220 208 8.80 10 0.46H348482 2.64 0.5 2.54 5 130 0.6 <2 4.94 <0.5 102 1270 276 9.14 10 0.37

H348483 2.73 <0.5 2.74 <5 130 0.6 <2 4.72 <0.5 109 1355 276 9.88 <10 0.36H348483 CRD <0.02 <0.5 2.74 <5 130 0.6 <2 4.72 <0.5 108 1335 274 9.83 10 0.36H348484 2.80 <0.5 2.64 <5 130 0.6 <2 5.21 <0.5 101 1195 214 9.47 10 0.37H348485 2.72 <0.5 2.78 <5 140 0.6 <2 5.66 <0.5 94 1090 284 9.11 10 0.36H348486 2.74 <0.5 2.62 <5 130 0.6 <2 5.73 <0.5 94 1030 273 8.99 10 0.36

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348458 TO H348462; FOR ME-ICP61 ON SAMPLES H348518 TO H348522**

Page: 2 - BTotal # Pages: 4 (A - C)

Finalized Date: 29-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-225 SL

CERTIFICATE OF ANALYSIS TB09140160

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

E588468 20 9.71 1400 <1 0.99 410 800 12 0.10 <5 35 354 <20 0.91 <10E588469 20 15.25 1475 <1 0.47 878 600 2 0.31 <5 19 277 <20 0.60 <10H348451 20 1.87 590 <1 2.10 72 630 13 0.36 <5 15 344 <20 0.34 <10H348452 40 4.56 1370 <1 1.71 124 1330 <2 0.49 <5 24 262 <20 1.35 <10H348453 30 3.07 831 <1 1.36 167 1600 36 0.11 <5 15 261 <20 0.41 10

H348454 20 2.07 342 <1 2.33 84 670 3 0.74 <5 13 226 <20 0.31 <10H348455 10 2.15 341 <1 1.39 93 660 3 0.84 <5 17 139 <20 0.33 10H348456 20 2.12 358 <1 2.05 120 570 9 0.86 <5 10 112 <20 0.28 <10H348457 30 2.96 620 1 2.67 23 1210 5 0.18 <5 18 166 <20 1.02 <10H348458 30 2.71 581 <1 2.73 12 1270 2 0.32 <5 17 181 <20 1.06 <10

H348459 30 2.80 723 <1 2.52 20 1160 <2 0.42 <5 19 212 <20 1.01 <10H348460 10 9.64 1105 <1 0.78 1370 160 3 0.31 <5 19 186 <20 0.11 <10H348461 30 4.48 1300 <1 1.95 100 970 12 0.32 <5 21 194 <20 0.86 <10H348462 30 5.58 1955 <1 1.54 112 1220 20 0.11 <5 33 487 <20 1.26 <10H348463 30 6.38 1415 1 1.44 182 1110 16 0.09 <5 34 531 <20 1.27 <10

H348463 CRD 30 6.43 1405 1 1.41 199 1090 25 0.11 <5 33 535 <20 1.27 <10H348464 30 7.59 1305 <1 1.38 275 1090 7 0.15 <5 34 499 <20 1.20 <10H348465 30 8.88 1370 1 1.15 359 970 <2 0.38 <5 29 447 <20 1.05 <10H348466 20 8.20 1320 <1 1.12 302 980 <2 0.14 <5 34 438 <20 1.09 <10H348467 20 9.87 1380 <1 0.99 458 860 <2 0.16 <5 29 434 <20 0.98 <10

H348468 20 10.00 1340 <1 0.72 487 760 <2 0.42 <5 30 331 <20 0.86 <10H348469 30 10.40 1425 <1 0.83 477 740 <2 0.29 <5 29 248 <20 0.83 10H348470 10 0.20 525 <1 2.63 2 180 3 <0.01 <5 4 167 <20 0.11 <10H348471 30 10.70 1205 <1 1.05 583 750 2 0.68 <5 19 334 <20 0.64 <10H348472 30 11.75 1410 <1 0.85 682 780 <2 0.66 <5 17 284 <20 0.59 <10

H348473 30 11.75 1465 <1 1.03 636 1230 6 0.63 <5 16 257 <20 0.51 10H348474 20 12.15 1415 <1 0.72 708 660 <2 0.24 <5 27 336 <20 0.74 <10H348475 20 13.05 1405 <1 0.73 731 640 <2 0.12 <5 23 312 <20 0.63 10H348476 20 13.55 1430 <1 0.57 805 580 <2 0.25 <5 19 213 <20 0.56 <10H348477 20 13.10 1370 1 0.76 722 670 <2 0.15 <5 24 345 <20 0.72 <10

H348478 20 13.25 1425 <1 0.76 759 630 <2 0.09 <5 18 344 <20 0.69 <10H348479 20 12.25 1395 <1 0.74 619 630 <2 0.07 <5 25 320 <20 0.69 <10H348480 10 5.90 812 1 1.10 2960 90 2 1.56 <5 15 84 <20 0.11 <10H348481 20 12.10 1545 <1 0.67 584 620 <2 0.24 <5 24 273 <20 0.67 <10H348482 20 12.60 1465 <1 0.59 659 640 12 0.35 <5 23 272 <20 0.67 <10

H348483 20 13.40 1510 <1 0.68 701 650 <2 0.14 <5 22 329 <20 0.72 <10H348483 CRD 20 13.35 1505 <1 0.68 698 650 3 0.13 <5 22 330 <20 0.72 <10H348484 20 12.65 1465 <1 0.71 610 650 <2 0.09 <5 24 310 <20 0.71 <10H348485 20 11.65 1420 <1 0.79 571 680 <2 0.12 <5 26 341 <20 0.75 <10H348486 20 11.70 1405 <1 0.74 583 620 <2 0.11 <5 27 321 <20 0.71 <10

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348458 TO H348462; FOR ME-ICP61 ON SAMPLES H348518 TO H348522**

Page: 2 - CTotal # Pages: 4 (A - C)

Finalized Date: 29-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-225 SL

CERTIFICATE OF ANALYSIS TB09140160

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 Cu-OG62 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27 S-IR08U V W Zn Cu Au Pt Pd Au Pt Pd S

ppm ppm ppm ppm % ppm ppm ppm ppm ppm ppm %10 1 10 2 0.001 0.001 0.0005 0.001 0.03 0.03 0.03 0.01

E588468 <10 222 <10 124 0.006 0.0557 0.047E588469 <10 136 <10 99 0.006 0.0657 0.074H348451 <10 120 <10 86 0.002 0.0020 0.002H348452 <10 251 <10 117 0.004 0.0145 0.008H348453 <10 128 <10 163 0.003 0.0029 0.002

H348454 10 103 <10 40 0.002 0.0019 0.002H348455 <10 126 <10 36 0.002 0.0022 0.002H348456 <10 82 <10 61 0.007 0.1010 0.101H348457 <10 206 <10 107 0.002 0.0015 0.001H348458 <10 208 <10 97 0.003 0.0008 0.001

H348459 <10 199 <10 89 <0.001 0.0007 <0.001H348460 <10 107 <10 280 0.111 >1.00 0.573 0.11 1.28 0.58H348461 <10 179 <10 134 0.004 0.0177 0.007H348462 <10 260 <10 131 0.002 0.0120 0.003H348463 <10 267 <10 105 0.004 0.0244 0.018

H348463 CRD <10 275 <10 118 0.004 0.0276 0.014H348464 <10 258 <10 104 0.006 0.0616 0.060H348465 <10 238 <10 98 0.005 0.0450 0.037H348466 <10 245 <10 90 0.005 0.0558 0.049H348467 <10 220 <10 98 0.006 0.0649 0.062

H348468 <10 200 <10 90 0.010 0.0577 0.059H348469 <10 193 <10 118 0.006 0.0422 0.048H348470 10 15 <10 27 0.002 0.0006 <0.001H348471 <10 145 <10 121 0.006 0.0732 0.087H348472 <10 149 <10 119 0.006 0.0604 0.062

H348473 <10 142 <10 169 0.006 0.0521 0.052H348474 <10 172 <10 116 0.010 0.1025 0.110H348475 <10 160 <10 98 0.006 0.0561 0.053H348476 <10 147 <10 110 0.007 0.0620 0.066H348477 <10 157 <10 91 0.009 0.0839 0.084

H348478 <10 160 <10 105 0.007 0.0584 0.056H348479 <10 167 <10 93 0.005 0.0385 0.038H348480 <10 74 <10 67 0.050 0.1815 0.668H348481 <10 157 <10 109 0.006 0.0433 0.052H348482 <10 157 <10 196 0.008 0.0705 0.078

H348483 <10 162 <10 104 0.007 0.0664 0.069H348483 CRD <10 161 <10 104 0.007 0.0623 0.069H348484 <10 169 <10 100 0.006 0.0454 0.043H348485 <10 177 <10 92 0.007 0.0691 0.073H348486 <10 168 <10 90 0.006 0.0559 0.060

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348458 TO H348462; FOR ME-ICP61 ON SAMPLES H348518 TO H348522**

Page: 3 - ATotal # Pages: 4 (A - C)

Finalized Date: 29-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-225 SL

CERTIFICATE OF ANALYSIS TB09140160

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H348487 2.80 <0.5 2.75 6 130 0.6 3 5.10 <0.5 94 1080 191 8.78 10 0.39H348488 2.66 <0.5 2.76 <5 130 0.6 <2 5.43 <0.5 97 1040 296 9.01 10 0.38H348489 2.65 <0.5 2.90 <5 140 0.7 <2 5.21 <0.5 98 1100 331 9.01 10 0.37H348490 1.31 <0.5 3.38 9 170 0.8 <2 6.82 <0.5 74 812 214 8.07 10 0.35H348491 2.82 0.5 3.47 7 170 0.7 <2 6.43 <0.5 78 800 364 8.53 10 0.39

H348492 2.61 <0.5 3.34 <5 170 0.7 <2 7.04 <0.5 74 735 199 8.27 10 0.36H348493 2.78 <0.5 3.35 <5 180 0.8 <2 6.75 <0.5 85 821 396 8.77 10 0.41H348494 2.71 <0.5 3.28 5 170 0.8 <2 5.89 <0.5 91 927 630 8.78 10 0.41H348495 2.76 0.7 3.31 <5 170 0.7 <2 5.73 <0.5 94 977 434 9.50 10 0.43H348496 2.71 0.6 3.31 6 180 0.8 <2 5.94 <0.5 86 871 507 8.50 10 0.43

H348497 2.63 <0.5 3.41 <5 180 0.8 <2 5.79 <0.5 86 904 455 8.47 10 0.43H348498 2.78 <0.5 3.36 <5 160 0.7 <2 5.97 <0.5 98 1020 312 9.83 10 0.44H348499 2.72 <0.5 3.28 <5 170 0.8 <2 6.10 <0.5 87 847 419 8.82 10 0.44H348500 0.12 <0.5 6.65 6 60 <0.5 <2 4.82 <0.5 75 3400 654 6.15 10 0.16H348501 2.56 <0.5 3.73 5 180 0.8 <2 6.09 <0.5 87 863 452 8.98 10 0.42

H348502 2.80 <0.5 3.63 <5 160 0.8 <2 6.12 <0.5 86 928 271 9.25 10 0.40H348503 2.69 <0.5 3.18 <5 140 0.8 <2 6.44 <0.5 92 1000 252 9.13 10 0.45H348503 CRD <0.02 <0.5 3.14 7 140 0.7 <2 6.25 <0.5 87 955 240 8.76 10 0.44H348504 2.72 <0.5 3.20 10 170 0.9 <2 3.95 <0.5 117 1170 962 9.51 10 0.47H348505 2.80 <0.5 3.27 17 140 0.8 <2 5.41 <0.5 94 1040 762 9.23 10 0.38

H348506 2.89 <0.5 3.04 17 120 0.7 <2 5.44 <0.5 97 1040 709 9.35 10 0.36H348507 2.75 <0.5 3.16 9 140 0.7 <2 5.58 <0.5 98 1000 491 9.57 10 0.36H348508 2.61 <0.5 3.05 11 130 0.7 <2 5.02 <0.5 101 968 510 9.37 <10 0.36H348509 2.64 <0.5 3.09 6 130 0.6 <2 5.43 <0.5 97 1010 393 9.11 10 0.37H348510 0.09 0.8 6.32 8 880 1.0 <2 1.34 <0.5 3 34 16 1.55 10 2.10

H348511 2.69 <0.5 2.85 7 140 0.6 <2 4.47 <0.5 109 1120 417 9.79 <10 0.37H348512 2.66 <0.5 2.88 7 140 0.6 <2 4.07 <0.5 108 1200 303 9.60 10 0.37H348513 2.56 <0.5 2.70 12 120 0.6 2 4.52 <0.5 109 1100 574 9.66 10 0.32H348514 2.67 <0.5 2.68 6 120 0.6 <2 3.78 <0.5 114 1150 710 9.57 <10 0.34H348515 2.64 <0.5 2.70 <5 130 0.5 <2 3.65 <0.5 121 1200 632 10.35 <10 0.30

H348516 2.42 0.5 2.47 <5 110 0.5 <2 4.59 <0.5 108 1140 487 9.13 <10 0.30H348517 2.46 <0.5 2.43 10 100 0.5 <2 3.51 <0.5 129 1340 776 10.25 <10 0.26H348518 2.51 0.5 2.45 <5 140 0.5 <2 3.43 <0.5 136 1225 1120 10.25 10 0.29H348519 2.64 1.0 2.55 <5 260 0.5 3 2.99 0.5 152 1305 1800 10.85 10 0.27H348520 0.12 0.7 8.43 <5 100 <0.5 <2 6.59 <0.5 99 438 3420 6.03 10 0.37

H348521 2.71 <0.5 2.55 <5 140 0.6 <2 4.47 <0.5 123 1035 947 10.10 10 0.31H348522 2.59 <0.5 2.79 <5 140 0.6 3 3.71 <0.5 122 1010 498 9.59 10 0.35H348523 2.60 <0.5 2.52 <5 120 0.5 <2 3.47 <0.5 120 1090 488 10.05 <10 0.30H348523 CRD <0.02 <0.5 2.53 8 120 0.5 <2 3.48 <0.5 120 1120 487 10.15 <10 0.30H348524 2.65 <0.5 2.38 <5 110 0.5 <2 4.41 <0.5 114 1020 564 9.81 <10 0.29

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348458 TO H348462; FOR ME-ICP61 ON SAMPLES H348518 TO H348522**

Page: 3 - BTotal # Pages: 4 (A - C)

Finalized Date: 29-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-225 SL

CERTIFICATE OF ANALYSIS TB09140160

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H348487 20 11.35 1350 <1 0.78 566 660 <2 0.08 <5 25 337 <20 0.74 <10H348488 20 11.40 1380 <1 0.78 583 640 <2 0.11 <5 27 338 <20 0.73 <10H348489 20 11.45 1375 <1 0.83 603 690 <2 0.17 <5 25 346 <20 0.75 <10H348490 20 9.30 1290 <1 1.01 372 800 <2 0.10 <5 34 339 <20 0.87 <10H348491 20 9.27 1345 <1 1.03 445 780 <2 0.19 <5 32 425 <20 0.89 <10

H348492 20 9.05 1325 <1 0.95 359 750 <2 0.12 <5 36 402 <20 0.89 <10H348493 20 10.05 1370 <1 1.01 494 790 <2 0.23 <5 33 399 <20 0.85 <10H348494 20 10.10 1330 <1 1.00 626 820 <2 0.27 <5 28 400 <20 0.88 <10H348495 20 10.65 1415 <1 0.96 587 730 <2 0.22 <5 28 410 <20 0.85 <10H348496 20 9.88 1300 <1 1.03 559 770 <2 0.32 <5 28 354 <20 0.80 <10

H348497 20 10.15 1300 <1 1.03 577 760 <2 0.21 <5 28 417 <20 0.85 <10H348498 20 11.40 1505 <1 0.98 566 780 <2 0.17 <5 28 413 <20 0.87 <10H348499 20 10.60 1375 <1 1.03 555 740 <2 0.26 <5 29 368 <20 0.82 <10H348500 10 10.05 1140 <1 0.77 1360 150 4 0.31 <5 19 184 <20 0.12 <10H348501 20 10.30 1400 <1 1.17 564 840 <2 0.23 <5 28 460 <20 0.95 <10

H348502 20 10.50 1445 <1 1.13 510 760 <2 0.13 <5 29 449 <20 0.90 <10H348503 20 11.45 1445 <1 0.96 546 630 <2 0.19 <5 31 362 <20 0.81 <10H348503 CRD 20 10.70 1395 <1 0.95 523 610 <2 0.19 <5 30 359 <20 0.76 <10H348504 20 12.55 1360 <1 1.08 947 630 2 0.57 <5 18 353 <20 0.72 <10H348505 20 10.70 1380 <1 0.93 659 720 2 0.62 <5 26 375 <20 0.81 <10

H348506 20 11.15 1395 <1 0.81 683 680 2 0.72 <5 25 363 <20 0.75 <10H348507 20 11.55 1480 <1 0.84 666 700 <2 0.33 <5 26 374 <20 0.80 <10H348508 20 11.50 1410 <1 0.80 712 670 <2 0.35 <5 24 355 <20 0.77 <10H348509 20 11.75 1420 <1 0.73 651 670 <2 0.16 <5 26 334 <20 0.79 <10H348510 10 0.23 580 <1 2.68 2 180 4 0.01 <5 5 177 <20 0.12 <10

H348511 20 13.35 1480 <1 0.71 773 650 <2 0.20 <5 22 334 <20 0.71 <10H348512 20 13.30 1460 <1 0.76 771 700 6 0.27 <5 20 358 <20 0.71 <10H348513 20 12.65 1450 <1 0.63 790 630 14 0.81 <5 21 324 <20 0.68 <10H348514 20 13.20 1405 <1 0.67 896 640 <2 0.30 <5 18 330 <20 0.67 <10H348515 20 14.10 1515 <1 0.65 938 610 <2 0.29 <5 18 324 <20 0.67 <10

H348516 20 13.25 1405 <1 0.56 794 550 <2 0.17 <5 22 284 <20 0.64 <10H348517 20 14.70 1490 <1 0.48 1050 550 <2 0.54 <5 17 270 <20 0.62 <10H348518 10 14.55 1435 <1 0.60 1130 600 4 0.53 <5 17 309 <20 0.62 <10H348519 10 14.70 1430 <1 0.63 1430 600 10 0.85 <5 15 313 <20 0.66 <10H348520 <10 5.89 776 1 1.07 2890 80 5 1.61 <5 15 84 <20 0.11 <10

H348521 10 13.40 1440 <1 0.66 979 640 4 0.46 <5 22 294 <20 0.68 <10H348522 10 14.15 1390 <1 0.70 922 660 2 0.28 <5 18 333 <20 0.72 <10H348523 20 14.50 1480 <1 0.64 938 600 <2 0.24 <5 18 309 <20 0.65 <10H348523 CRD 20 14.50 1490 <1 0.65 945 590 <2 0.25 <5 18 311 <20 0.66 <10H348524 20 13.40 1475 <1 0.61 833 570 <2 0.29 <5 22 267 <20 0.64 <10

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348458 TO H348462; FOR ME-ICP61 ON SAMPLES H348518 TO H348522**

Page: 3 - CTotal # Pages: 4 (A - C)

Finalized Date: 29-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-225 SL

CERTIFICATE OF ANALYSIS TB09140160

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 Cu-OG62 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27 S-IR08U V W Zn Cu Au Pt Pd Au Pt Pd S

ppm ppm ppm ppm % ppm ppm ppm ppm ppm ppm %10 1 10 2 0.001 0.001 0.0005 0.001 0.03 0.03 0.03 0.01

H348487 <10 173 <10 91 0.005 0.0376 0.038H348488 <10 177 <10 94 0.007 0.0572 0.053H348489 <10 177 <10 95 0.006 0.0614 0.059H348490 <10 214 <10 92 0.005 0.0491 0.045H348491 <10 214 <10 92 0.008 0.0666 0.065

H348492 <10 228 <10 86 0.005 0.0478 0.040H348493 <10 211 <10 92 0.009 0.0948 0.103H348494 <10 199 <10 93 0.013 0.1270 0.142H348495 <10 201 <10 99 0.007 0.0858 0.086H348496 <10 198 <10 88 0.011 0.1135 0.121

H348497 <10 184 <10 90 0.009 0.1040 0.105H348498 <10 216 <10 103 0.006 0.0590 0.064H348499 <10 191 <10 88 0.009 0.0872 0.095H348500 <10 109 <10 280 0.101 >1.00 0.559 0.13 1.28 0.58H348501 <10 199 <10 95 0.009 0.0916 0.101

H348502 <10 201 <10 97 0.007 0.0540 0.054H348503 <10 197 <10 93 0.008 0.0574 0.057H348503 CRD <10 186 <10 88 0.007 0.0485 0.049H348504 <10 146 <10 97 0.022 0.228 0.254H348505 <10 189 <10 93 0.016 0.1470 0.170

H348506 <10 178 <10 98 0.017 0.1595 0.193H348507 <10 189 <10 103 0.011 0.0944 0.125H348508 <10 176 <10 94 0.012 0.1090 0.138H348509 <10 178 <10 94 0.009 0.0766 0.089H348510 10 16 <10 26 0.001 <0.0005 <0.001

H348511 <10 157 <10 100 0.010 0.0866 0.110H348512 <10 154 <10 147 0.008 0.0656 0.078H348513 <10 153 <10 226 0.014 0.1205 0.160H348514 <10 143 <10 95 0.016 0.1535 0.190H348515 <10 151 <10 105 0.014 0.1280 0.160

H348516 <10 144 <10 91 0.011 0.1040 0.119H348517 <10 137 <10 105 0.018 0.1670 0.215H348518 <10 130 <10 103 0.025 0.232 0.281H348519 <10 139 <10 103 0.037 0.360 0.464H348520 <10 75 <10 67 0.065 0.1860 0.698

H348521 <10 161 <10 98 0.021 0.1855 0.230H348522 <10 149 <10 97 0.016 0.1125 0.137H348523 <10 139 <10 102 0.012 0.1220 0.138H348523 CRD <10 142 <10 103 0.014 0.1280 0.143H348524 <10 153 <10 97 0.015 0.1460 0.173

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348458 TO H348462; FOR ME-ICP61 ON SAMPLES H348518 TO H348522**

Page: 4 - ATotal # Pages: 4 (A - C)

Finalized Date: 29-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-225 SL

CERTIFICATE OF ANALYSIS TB09140160

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

WEI-21 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61Recvd Wt. Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe Ga K

kg ppm % ppm ppm ppm ppm % ppm ppm ppm ppm % ppm %0.02 0.5 0.01 5 10 0.5 2 0.01 0.5 1 1 1 0.01 10 0.01

H348525 2.61 <0.5 2.48 <5 120 0.6 <2 4.00 <0.5 119 1040 854 9.34 <10 0.30H348526 2.72 <0.5 2.48 6 120 0.5 <2 3.30 <0.5 118 1110 301 10.05 <10 0.32H348527 2.66 <0.5 2.51 6 120 0.5 <2 4.39 <0.5 117 1060 457 9.56 <10 0.31H348528 2.61 <0.5 2.29 7 100 0.5 <2 3.40 <0.5 123 1160 368 9.99 <10 0.28H348529 2.61 <0.5 2.18 7 120 0.5 <2 3.33 <0.5 126 1180 396 10.25 <10 0.31

H348530 1.25 <0.5 2.19 <5 110 0.5 <2 3.72 <0.5 119 1100 281 9.78 <10 0.30H348531 2.50 <0.5 2.31 7 100 <0.5 <2 3.65 <0.5 122 1180 368 9.91 <10 0.28H348532 2.60 <0.5 2.52 8 130 0.6 <2 3.48 <0.5 127 1160 386 9.88 <10 0.36H348533 2.60 <0.5 2.49 <5 140 0.6 <2 2.98 <0.5 124 1210 278 9.47 <10 0.35H348534 2.62 <0.5 2.35 <5 130 0.5 <2 3.39 <0.5 123 1260 246 9.75 <10 0.32

H348535 2.67 <0.5 2.29 <5 110 0.5 <2 3.31 <0.5 124 1230 257 10.05 <10 0.27H348536 2.61 <0.5 2.19 <5 100 <0.5 <2 3.42 <0.5 129 1260 273 10.45 <10 0.23H348537 2.61 <0.5 2.20 <5 100 <0.5 <2 3.00 <0.5 126 1260 245 10.05 <10 0.25H348538 2.64 <0.5 2.27 <5 110 0.5 <2 2.65 <0.5 128 1330 425 10.10 <10 0.28H348539 2.87 <0.5 2.38 5 110 0.5 <2 3.10 <0.5 126 1420 641 10.05 <10 0.29

H348540 0.12 0.7 8.63 <5 70 <0.5 <2 6.60 <0.5 97 417 3430 6.15 10 0.38H348541 2.67 0.8 2.42 7 110 0.5 <2 3.19 <0.5 132 1390 1130 10.50 <10 0.28H348542 2.66 <0.5 2.44 6 120 0.5 <2 2.92 <0.5 119 1570 573 9.82 <10 0.32H348543 2.73 0.5 2.82 5 120 0.6 <2 3.58 <0.5 114 1830 597 9.90 10 0.36H348543 CRD <0.02 <0.5 2.83 8 120 0.6 <2 3.53 <0.5 113 1760 614 9.72 10 0.35

H348544 2.65 <0.5 2.51 <5 110 0.5 <2 3.02 <0.5 114 1550 574 9.54 <10 0.32H348545 2.70 1.9 2.61 <5 130 0.6 <2 3.24 0.5 141 1740 2970 10.55 <10 0.34H348546 2.90 2.7 2.51 6 120 0.5 2 3.72 0.6 175 1300 4740 11.70 <10 0.30H348547 2.70 2.0 2.61 <5 110 0.5 2 3.42 0.5 184 1660 3890 11.80 <10 0.29H348548 2.71 1.2 2.19 7 100 0.5 <2 2.92 <0.5 154 1840 2250 10.95 <10 0.26

H348549 2.83 2.7 1.86 <5 90 <0.5 <2 2.53 0.5 204 2690 4190 12.40 <10 0.21H348550 0.09 <0.5 6.06 7 860 1.0 <2 1.27 <0.5 3 28 22 1.47 10 2.06H348551 2.59 2.6 1.96 <5 80 <0.5 <2 2.64 0.6 183 3390 4350 11.80 <10 0.21H348552 2.76 3.9 1.65 7 60 <0.5 5 3.98 1.0 260 2690 8070 14.40 <10 0.13H348553 2.77 4.7 2.81 36 40 0.6 <2 5.36 <0.5 345 1120 >10000 15.80 <10 0.17

H348554 3.15 4.4 3.21 89 80 0.5 4 4.57 <0.5 301 1230 9590 14.45 <10 0.24H348555 2.53 0.7 2.65 19 60 0.5 <2 3.52 0.6 110 2940 1265 9.48 <10 0.14H348556 1.62 2.1 3.77 55 120 0.8 3 4.01 <0.5 170 1490 6970 10.35 10 0.41H348557 2.60 0.7 2.75 14 100 0.5 2 3.33 <0.5 110 3170 908 9.19 <10 0.22H348558 1.47 5.9 3.59 118 80 0.8 <2 2.70 <0.5 324 961 >10000 16.35 <10 0.33

H348559 0.10 0.7 8.17 786 250 <0.5 <2 5.28 <0.5 31 466 299 5.10 10 0.78H348560 1.99 2.6 3.27 22 100 0.7 <2 4.57 0.6 115 774 2800 9.96 10 0.27H348561 2.52 3.4 3.78 6 130 0.9 <2 5.34 1.0 123 575 4780 10.05 10 0.32H348562 2.66 1.0 4.06 <5 160 0.8 <2 5.58 <0.5 94 622 1555 9.48 10 0.35H348563 Listed, NR

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348458 TO H348462; FOR ME-ICP61 ON SAMPLES H348518 TO H348522**

Page: 4 - BTotal # Pages: 4 (A - C)

Finalized Date: 29-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-225 SL

CERTIFICATE OF ANALYSIS TB09140160

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61La Mg Mn Mo Na Ni P Pb S Sb Sc Sr Th Ti Tl

ppm % ppm ppm % ppm ppm ppm % ppm ppm ppm ppm % ppm10 0.01 5 1 0.01 1 10 2 0.01 5 1 1 20 0.01 10

H348525 20 13.85 1385 <1 0.63 1010 580 <2 0.36 <5 20 289 <20 0.67 <10H348526 20 14.70 1485 <1 0.60 894 580 <2 0.26 <5 16 311 <20 0.63 <10H348527 20 14.45 1460 <1 0.59 881 630 <2 0.26 <5 20 304 <20 0.65 <10H348528 20 15.25 1480 <1 0.51 955 530 <2 0.19 <5 17 276 <20 0.60 <10H348529 20 15.30 1530 <1 0.46 959 560 <2 0.43 <5 17 276 <20 0.58 <10

H348530 20 15.20 1485 <1 0.46 898 540 <2 0.28 <5 19 263 <20 0.60 <10H348531 20 15.50 1510 <1 0.49 960 510 <2 0.29 <5 17 272 <20 0.57 <10H348532 20 16.20 1490 1 0.56 1070 570 <2 0.21 <5 16 284 <20 0.57 <10H348533 20 16.20 1435 <1 0.61 1010 600 <2 0.13 <5 14 289 <20 0.57 <10H348534 20 16.10 1470 <1 0.59 972 600 <2 0.17 <5 16 266 <20 0.56 <10

H348535 20 16.10 1520 <1 0.58 982 570 <2 0.26 <5 16 277 <20 0.59 <10H348536 20 16.65 1575 <1 0.60 1030 510 <2 0.65 <5 17 274 <20 0.57 <10H348537 20 16.55 1500 <1 0.59 1030 530 <2 0.65 <5 15 269 <20 0.55 <10H348538 20 16.15 1480 <1 0.58 1090 530 <2 0.76 <5 14 267 <20 0.55 <10H348539 20 15.50 1490 <1 0.61 1150 540 2 0.78 <5 15 281 <20 0.59 <10

H348540 10 5.96 814 <1 1.13 2960 80 <2 1.56 <5 15 85 <20 0.12 <10H348541 20 15.85 1510 <1 0.72 1180 550 <2 1.17 <5 16 284 <20 0.59 <10H348542 20 14.95 1440 <1 0.75 1030 580 <2 1.00 <5 15 278 <20 0.59 <10H348543 20 14.15 1440 <1 0.83 990 610 <2 1.06 <5 17 329 <20 0.70 <10H348543 CRD 20 13.95 1430 <1 0.84 982 610 <2 1.06 <5 17 329 <20 0.70 <10

H348544 20 14.25 1400 <1 0.75 980 540 <2 0.95 <5 15 292 <20 0.62 <10H348545 20 13.85 1400 <1 0.80 1560 670 5 1.38 <5 15 304 <20 0.63 <10H348546 20 12.55 1400 <1 0.71 2070 600 8 1.76 <5 18 291 <20 0.62 <10H348547 20 13.35 1375 <1 0.70 2240 530 4 1.95 <5 16 308 <20 0.66 <10H348548 20 15.25 1440 <1 0.59 1710 490 3 1.02 <5 15 237 <20 0.56 <10

H348549 10 15.35 1375 <1 0.47 2560 460 6 1.95 <5 13 201 <20 0.49 <10H348550 10 0.22 547 <1 2.65 5 180 4 0.01 <5 4 171 <20 0.11 <10H348551 10 15.25 1365 <1 0.47 2410 430 4 1.80 <5 14 215 <20 0.54 <10H348552 10 12.65 1300 <1 0.30 3750 340 4 3.64 <5 20 137 <20 0.51 <10H348553 10 7.40 948 <1 0.61 6480 490 <2 9.36 <5 25 193 <20 0.64 <10

H348554 10 7.75 849 <1 0.78 4520 570 9 >10.0 <5 20 289 <20 0.68 <10H348555 20 13.65 1350 <1 0.46 1180 480 <2 0.43 <5 18 240 <20 0.72 <10H348556 20 9.39 927 <1 0.96 2910 560 7 5.98 <5 20 431 <20 0.84 <10H348557 20 13.90 1340 <1 0.51 1160 580 3 0.52 <5 16 263 <20 0.71 <10H348558 20 6.99 947 <1 1.01 6480 710 6 >10.0 <5 12 350 <20 0.88 <10

H348559 10 2.82 560 5 1.14 742 270 11 0.66 <5 9 172 <20 0.16 <10H348560 20 10.75 1465 <1 0.79 1110 730 4 1.45 <5 21 335 <20 0.78 <10H348561 20 8.89 1375 <1 1.00 1540 920 10 2.01 <5 24 409 <20 0.92 <10H348562 20 9.54 1435 <1 1.01 820 800 <2 0.74 <5 23 435 <20 0.96 <10H348563

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348458 TO H348462; FOR ME-ICP61 ON SAMPLES H348518 TO H348522**

Page: 4 - CTotal # Pages: 4 (A - C)

Finalized Date: 29-JAN-2010Account: MGMAM

ALS Canada Ltd.

2103 Dollarton HwyNorth Vancouver BC V7H 0A7 Phone: 604 984 0221 Fax: 604 984 0218 www.alschemex.com

MAGMA METALS (CANADA) LIMITEDP.O. BOX 10628THUNDER BAY ON P7B 6V1

To:

Project: SD09-225 SL

CERTIFICATE OF ANALYSIS TB09140160

ALS Chemex

Sample Description

MethodAnalyteUnitsLOR

ME-ICP61 ME-ICP61 ME-ICP61 ME-ICP61 Cu-OG62 PGM-MS23 PGM-MS23 PGM-MS23 PGM-ICP27 PGM-ICP27 PGM-ICP27 S-IR08U V W Zn Cu Au Pt Pd Au Pt Pd S

ppm ppm ppm ppm % ppm ppm ppm ppm ppm ppm %10 1 10 2 0.001 0.001 0.0005 0.001 0.03 0.03 0.03 0.01

H348525 <10 144 <10 90 0.021 0.213 0.250H348526 <10 132 <10 97 0.008 0.0778 0.083H348527 <10 142 <10 92 0.012 0.1130 0.138H348528 <10 134 <10 100 0.011 0.0980 0.110H348529 <10 131 <10 107 0.011 0.0950 0.117

H348530 <10 132 <10 95 0.008 0.0846 0.094H348531 <10 120 <10 110 0.010 0.0880 0.104H348532 <10 117 <10 103 0.010 0.0929 0.109H348533 <10 113 <10 92 0.008 0.0806 0.085H348534 <10 120 <10 93 0.008 0.0632 0.073

H348535 <10 128 <10 100 0.009 0.0814 0.089H348536 <10 126 <10 103 0.007 0.0661 0.081H348537 <10 119 <10 98 0.006 0.0576 0.067H348538 <10 117 <10 98 0.012 0.1425 0.163H348539 <10 130 <10 138 0.015 0.1980 0.221

H348540 10 76 <10 67 0.059 0.212 0.752H348541 <10 125 <10 100 0.027 0.288 0.337H348542 <10 129 <10 98 0.016 0.1605 0.177H348543 <10 154 <10 101 0.015 0.1490 0.164H348543 CRD <10 150 <10 99 0.019 0.1630 0.175

H348544 <10 131 <10 110 0.016 0.1825 0.200H348545 <10 145 <10 103 0.064 0.682 0.807H348546 <10 147 <10 105 0.102 >1.00 >1.00 0.10 0.92 1.16H348547 <10 143 <10 103 0.068 0.818 0.977H348548 <10 131 <10 104 0.039 0.426 0.510

H348549 <10 122 <10 109 0.064 0.792 0.957H348550 10 14 <10 26 0.001 0.0008 0.001H348551 <10 133 <10 109 0.073 0.831 0.998H348552 <10 148 <10 109 0.114 >1.00 >1.00 0.13 1.63 1.94H348553 <10 165 <10 144 1.310 0.122 >1.00 >1.00 0.16 2.71 3.69

H348554 <10 150 <10 112 0.074 >1.00 >1.00 0.10 2.17 2.70 12.55H348555 <10 163 <10 103 0.031 0.277 0.301H348556 <10 164 <10 94 0.071 >1.00 >1.00 0.14 1.31 1.53H348557 <10 164 <10 105 0.034 0.240 0.245H348558 <10 186 <10 76 1.760 0.097 >1.00 >1.00 0.12 3.33 4.23 16.75

H348559 <10 64 <10 41 >1.00 >1.00 >1.00 1.03 1.18 4.78H348560 <10 186 <10 104 0.092 0.770 0.844H348561 <10 214 <10 126 0.123 >1.00 >1.00 0.13 1.41 1.58H348562 <10 203 <10 108 0.034 0.421 0.457H348563

Comments: **CORRECTED COPY FOR PGM-MS23 AND PGM-ICP27 ON SAMPLES H348458 TO H348462; FOR ME-ICP61 ON SAMPLES H348518 TO H348522**