SECOND YEAR ASSESSMENT REPORT ON THE

SECOND YEAR ASSESSMENT REPORT ON THE BAYSWATER/UCORE JOINT VENTURE MAKKOVIK

RIVER URANIUM PROJECT CENTRAL MINERAL BELT, LABRADOR

Licenses: 012775M, 012777M, 012780M, 12818M – 012822M, 012825M, 012786M – 012788M, 012791M, 012801M, 012803M, 012798M, 012790M, 012793M – 012796M, 012829M, 012830M - 012832M, 012784M, 012808M, 012747M, 012809M, 012735M, 012768M

NTS Mapsheets: 13J/14, 13J/11, 13J/12

BAYSWATER URANIUM CORPORATION

510 Burrard Street, Suite 510 Vancouver, British Columbia

V63 3A8 Tel: (604) 687-2153

Prospecting, Rock Geochemistry and Recon Geophysics

Work performed from May13, 2008 – December 31, 2008

Prepared By:

Dean Fraser, P.Geo. and Andy Thomas, MSc.

December 2008

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SUMMARY

During October 2006, Bayswater Uranium Corporation acquired and staked a total of 290 claims in the Makkovik River Area of the Central Mineral Belt of Labrador. Through a Joint Venture deal with UCore Uranium Inc., an additional 539 claims were combined under an agreement between the two companies. The Bayswater/UCore Makkovik River property staked during 2006 accounted for a total of 829 claims covering an area of 20,725 hectares. The Central Mineral Belt hosts numerous uranium deposits and has become the focus of renewed exploration over the past several years. Bayswater/UCore initially staked the grounds as it believed its exploration licenses had potential to host economic uranium deposits of different geological styles, including the world class IOCG and Rossing types. As part of its 2007 exploration program, Bayswater/UCore commissioned NovaTem Inc. based out of Mont Saint-Hilaire, Quebec to fly a high resolution helicopter-borne radiometrics and magnetic survey over the entire J.V. land package. A total of 2491 line kilometers of data was acquired over the J.V. claims as part of a larger survey commissioned by Bayswater. Field work was carried out by a crew of eight prospectors and two geologists during the period of August 05th to October 15th 2007. The airborne survey proved very effective in identifying targets for ground follow-up. In total, twenty nine priority targets were identified based in-house interpretation of the data. Numerous lower priority targets also required ground investigation.

A total of 94 samples were collected during the 2007 program and submitted for multi-element analysis at Activation Laboratories of Ancaster, Ontario. Results from the survey were very encouraging and uranium enrichment was noted predominantly within brecciated magnetite bearing granites, leucogranite and pegmatite veins. In addition, assays show the presence of high rare earth element (REE) content with accompanying gold in several areas. The 2007 program led to the discovery of three significant uranium occurrences; the Makkovik River East, Makkovik River West and the CD showings. The best results from grab samples taken from outcrop in all three areas assayed better than 0.10% U3O8 and up to 0.14% U3O8. A detailed assessment report of the 2007 program has been submitted to the Department of Natural Resources of Newfoundland. During 2008, the Company’s carried out a limited exploration program consisting mainly of prospecting. A total of sixteen days of prospecting were completed. Field work was carried out by a crew of two geologists and up to nine prospectors, during the period of July 13th to September 21st 2008. Efforts were focused on the main mineralized zones identified during the 2007 field season, namely the Makkovik River East and West showing. Additional work was expanded between the two areas. In addition, a small reconnaissance grid was established over the main showing at Makkovik River East. Ground magnetometer, scintillometer, and a rock geochemical sampling surveys were carried out over this grid. The CD showing was revisited but

iii considered to be of lower priority therefore little attention was focused in this area. A total of 45 samples were collected during the 2008 program and submitted for multi-element analysis at Activation Laboratories in Ancaster, Ontario. Results from the survey confirmed additional areas of uranium mineralization which require further detailed work. The bulk of the work was concentrated in the Makkovik River East area, which appears to contain the most promising mineralization. The best results from grab samples collected in 2008 from outcrop, assayed up to 0.045% U3O8, and from float up to 0.079% U3O8. The area is still currently considered to have potential to host a bulk tonnage, low grade uranium deposit. Further work is warranted. The following report describes the work performed during 2008. All data and maps are appended to this report.

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TABLE OF CONTENTS Page SUMMARY ............................................................................................................................ ii I. INTRODUCTION Location and Access.........................................................................................................1 Physiography and Glaciation............................................................................................1 Property Summary License Status ..................................................................................1 Previous Exploration Work .............................................................................................3 II. GEOLOGY Regional Geology.............................................................................................................5 Property Geology .............................................................................................................6 III. 2008 FIELD PROGRAM Purpose .............................................................................................................................8 Exploration Methodology and Sampling .........................................................................8 Sample Preparation.........................................................................................................11 Prospecting Results ........................................................................................................11 Area between Makkovik River East and West showings ......................................13 Makkovik River West showing .............................................................................13 Makkovik River East showing...............................................................................14 IV. CONCLUSIONS AND RECOMMENDATIONS .......................................................18 V. REFERENCES .................................................................................................................19 VI. STATEMENT OF QUALIFICATIONS ......................................................................20 LIST OF FIGURES Figure 1: Bayswater/Ucore Claims Location Map ...................................................................2 Figure 2: Regional Geology Map of Labrador .........................................................................9 Figure 3: Simplified Property Geology Map ..........................................................................10 Figure 4: Makkovik River Property Airborne U Radiometrics with Uranium Showings .....12 Figure 5: Makkovik River Property Airborne Magnetics with Uranium Showings...............13 Figure 5: Makkovik River East and West Showings Location Map ......................................14 Figure 6: Makkovik River East Recon Scintillometer Survey Map .......................................16 Figure 7: Makkovik River East Recon Magnetometer Survey Map.......................................17

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LIST OF TABLES Table 1: Current Bayswater/UCore Claims ...............................................................................3 Table 2: Average trace element composition of eight granitoid

samples from within the Bayswater/UCore J.V. area, compared with peralkaline and calc alkaline granitoids and rhyolite from the Letitia Lake area of central Labrador .....................................................................................7

LIST OF APPENDICES Appendix A: Personnel, Contractors and Expenditures Appendix B: 2008 Summary Rock Sample Database and Rock Sample Site Location Map Appendix C: Activation Laboratories Assay sheets Appendix D: Bayswater/UCore 2008 Claims Map

Bayswater/UCore J.V Makkovik River Uranium Project I. INTRODUCTION

Location and Access The Bayswater/UCore Joint Venture mineral exploration licenses are located within the Central Mineral Belt of Labrador and not far from the coastal communities of Postville and Makkovik. The property is centered approximately 30 kilometers east-southeast of Postville and 30 kilometers south-southwest of Makkovik (Figure 1).

The 2008 field exploration program was based out of the town of Postville. Sufficient infrastructure and facilities exists in the community providing an excellent staging area for field support and logistics. Access to Postville can be obtained by regular scheduled commercial twin otter aircraft, or the less frequent coastal ferry service from Happy-Valley Goose Bay. Road access is not available out of the community. Access to the claims areas can be obtained by helicopter either from the coastal towns of Postville or Makkovik. A fifteen to twenty minute helicopter fight either way is required to access the center of the claims. Physiography and Glaciation All claims within the Bayswater/UCore project area are situated on rugged glaciated terrane of moderate relief and elevation. Rocks generally form barren to sparsely vegetated rounded hills up to 600 m in elevation. These are separated by wide boulder filled U-shaped valleys and locally incised structurally controlled areas. Rolling hills dominate the exploration license with local valleys and river beds more heavily forested. Boulder cover extends to the tops of and over many of the ridges, forming fields which effectively reduce bedrock outcrop exposure in many areas, especially the valleys, to nearly nothing. Abundant lakes and smaller ponds exist throughout the project area. Measurements throughout the project area, on glacial indicators such as striae, chattermarks, and crag and tail features, yield weak evidence for early ice movement from the northwest or west, and strong evidence for later movement from the southwest. Property Summary License Status

The Bayswater/UCore Exploration Licenses at the writing of this report consists of 816 claims, covering a total area of 20,400 hectares. It is expected that a reduction in the claims holdings will occur during 2009. Table 1 summarizes the individual claim licenses held within the Bayswater/ UCore Joint Venture, all of which are currently held in good standing. A detailed claims location map can be found in Appendix D of this report.

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Bayswater/UCore J.V. Makkovik River Uranium Project

Figure 1: Bayswater/UCore Claims Location Map

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Bayswater/UCore J.V. Makkovik River Uranium Project License No. No. of Claims Work Due

Date License No. No. of Claims Work Due Date

Bayswater Claims 012775M 71 Jan 29, 09 012777M 114 Jan 29, 09 012780M 72 Jan 29, 09 012818M 9 Jan 29, 09 012819M 4 Jan 29, 09 012820M 6 Jan 29, 09 012821M 6 Jan 29, 09 012822M 5 Jan 29, 09 012825M 3 Jan 29,09

UCore Claims

012735M 37 Jan 28, 09 012747M 30 Jan 29, 09 012768M 160 Jan 29, 09 012784M 46 Jan 29, 09 012786M 14 Jan 29, 09 012787M 26 Jan 29, 09 012788M 6 Jan 29, 09 012790M 20 Jan 29, 09 012791M 4 Jan 29, 09 012793M 8 Jan 29, 09 012794M 34 Jan 29, 09 012795M 12 Jan 29, 09 012796M 3 Jan 29, 09 012798M 14 Jan 29, 09 012801M 53 Jan 29, 09 012803M 16 Jan 29, 09 012808M 16 Jan 29, 09 012809M 14 Jan 29, 09 012829M 10 Jan 29, 09 012830M 1 Jan 29, 09 012831M 1 Jan 29, 09 012832M 1 Jan 29, 09

Table 1: Current Bayswater/UCore Claims

Previous Exploration Work Exploration for uranium and base metals in the Central Mineral Belt of Labrador (CMB) was first begun in 1955 by Brinex. The first significant uranium showing was found by Walter Kitts in 1956, and was followed by a program of diamond drilling and underground development in 1957. Work was suspended the following year, and nothing further was done with this showing until 1966.

In 1959, Lundberg Explorations Limited (Lundberg) carried out an airborne geophysical survey in the Ugjoktok Bay area for Brinex. The objective of this survey was to explore for base metal deposits. Numerous electromagnetic (EM) and coincident magnetic anomalies were detected (Wilson, 1959). In general, these were grouped as follows:

(1) Conductors associated with altered peridotitic sills. (2) Conductors located in areas underlain by greenstone terrains. (3) Conductors located in areas underlain by granitic rocks, or granite-gneiss within greenstone terrains. (4) Conductors interpreted to be expressions of graphitic horizons, or pyritic schists within the greenstone rocks.

(5) Conductors associated with lakes and ponds.

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Bayswater/UCore J.V. Makkovik River Uranium Project None of the conductors were thought to represent large sulphide bodies.

In 1963 and 1964, Brinex carried out reconnaissance geological mapping, prospecting, and lake sediment and soil sampling geochemical surveys in the area of its Ugjoktok Concession. Brinex detected a number of base metal (Ni, Cu, and Mo) anomalies, but no significant follow-up work was reported (Bondar, 1963, Lee and Moghal, 1964, Earthrowl, 1964).

In 1966, Brinex and Metallgesellschaft A.G. (Metallgesellschaft), a German energy company, formed a joint venture agreement to explore part of the lease containing the Kitts uranium deposit. Metallgesellschaft subsequently transferred its interest to its wholly owned subsidiary, Urangesellschaft Canada Limited (Urangesellschaft), with which the agreement continued. This partnership resulted in the discovery of a number of uranium showings, including the Michelin deposit (by prospector Leslie Michelin) in 1968, as well as the Gear, Inda, and Nash showings during 1968 and 1969. All of these discoveries were made by follow-up ground spectrometer surveys, on anomalies detected from airborne radiometric surveys.

During the 1970s, Brinex carried out further reconnaissance work in the CMB, as well as detailed exploration on the Michelin deposit. This included a combined helicopter borne EM, magnetic, and radiometric survey, within a large area outlined by Longitudes 53° 30’W to 54° 37’W, and Latitudes 61° 00’N to 63° 00’N, by Sander Geophysics Limited (Sander). The objective of this survey was to detect EM conductors that could be expressions of copper mineralization in the Seal Lake area. A number of conductors were detected which were interpreted to represent graphitic slates (Sander, 1971). Radiometric anomalies were detected to the south and east of Moran Lake, where some uranium showings were known to occur. One of these anomalies “appears to represent a uranium deposit” (Moran Lake deposit?). Strong radiometric anomalies were detected within the Letitia Lake Group, and were generally characterized as being due to thorium. Sander (1971) considered the “uranium channel radioactive anomalies in the extreme east and west parts of the surveyed area, and the thorium anomalies in the Letitia Lake Formation as the best prospects located during the survey”. In early 1971, Sander carried out further airborne combined EM, magnetic and radiometric surveys in the Kaipokok Bay-Seal Lake area for Brinex. The purpose of this survey was to map the surface distribution of radioactive materials within the area, and to distinguish between potassium, uranium, and thorium sources. At least twenty-nine (29) EM conductors and twenty-five (25) radiometric anomalies were detected (Goddard and Klein, 1971).

In 1977, Brinex and Canadian Nickel Exploration Company (Canico) carried out reconnaissance geological mapping, and anomaly follow-up on the joint venture lands, which included the Seal Lake and Moran Lake areas. A number of radioactive showings were discovered in the Boundary Lake and Madsen Lake areas. These included radioactive boulders which returned values ranging from 0.01% U3O8 to 0.095% U3O8 (Phipps, 1978). The Brinex-Canico joint venture also discovered bedrock uranium occurrences, and carried out prospecting, ground geophysical (EM and magnetometer) surveys, and limited diamond drill testing at Boiteau Lake and in the Green Pond/Embee Pond area (Perry, 1980). These localities were visited during the ground portion of Bayswater’s 2006 field exploration program.

In 1978, Brinex carried out further reconnaissance lake sediment geochemical surveys, and in 1979, an airborne radiometric survey in the Kaipokok River region. As a result, one prospect in particular (J & B), and other mineral showings in general were found to be associated with felsic rocks (Davidson, 1979).

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Bayswater/UCore J.V. Makkovik River Uranium Project In 1993, the Geological Survey of Canada (GSC) carried out a detailed helicopter supported lake sediment and lake water geochemical survey, covering much of the current Bayswater mineral lands.

Limited exploration for uranium had been documented since the Brinex era in the CMB, until Altius Minerals Ltd. staked several of the known deposits including the Michelin in 2004. As a result of the price increase in uranium, and interest in the economic mineral potential of the area, the belt has been staked in its entirety and exploration is ongoing by numerous companies. The current Bayswater/UCore claims group had not been explored during the most recent exploration rush as a result of the lands being exempt from exploration while the Nunatsiavut Government finalized their land claims. On October 31st, 2006 the ground was opened for exploration and a staking rush occurred. Bayswater and UCore acquired 829 claims during this rush. A detailed airborne survey and reconnaissance prospecting was initiated in 2007 that led to the discovery of several uranium showings of interest; namely the Makkovik River East and West showings. A detailed prospecting program was again performed during 2008 in and around these previously identified targets and is the focus of this report. II. GEOLOGY Regional Geology The area examined during the Bayswater/UCore Labrador Uranium Exploration Program covers a small portion of the eastern part of the Central Mineral Belt (Figure 2). The CMB is situated within close proximity to the intersections of the Nain, Churchill, Makkovik and Grenville structural provinces. The Nain Province comprises mostly tonalitic to granodioritic gneisses, and variably deformed granodioritic intrusive bodies with subordinate mafic volcanic/volcaniclastic rocks of Archean age. A northeast trending 1 to 2 km wide mylonite zone forms the boundary between the Nain and Makkovik provinces (Ermanovics, 1993). The Makkovik Structural Province comprising the Kaipokok, Aillik, and Cape Harrison tectonic domains, is a triangular wedge situated between the Nain province to the north, and Grenville province to the south (Agnerian, 2006). Bedrock within this province consists of reworked Archean Hopedale block gneisses, as well as granodioritic to granitic intrusive bodies, mafic to felsic volcanic and volcaniclastic rocks, and metamorphic schistose equivalents varying in age from Archean to Paleoproterozoic. The two main supracrustal rock sequences present are the middle Proterozoic Moran Lake and Lower Aillik groups. The Kaipokok Bay shear zone (Figure 2) passes northeast below its namesake, defines the boundary between the Kaipokok and Aillik tectonic domains, and marks the southern limit of known Archean crust in the Makkovik Province (Agnerian, 2006). The Bayswater/UCore claims lie along the southeastern boundary between the Makkovik and Grenville structural provinces. The boundary between the Grenville and Makkovik structural provinces is a northeast to east-west trending belt of arcuate en echelon moderate angle reverse, and/or lobate thrust faults and nappes. The Bayswater/UCore claims straddle rocks along the noses of the most easterly regional thrust lobes, in the vicinity of the headwaters of the Makkovik River near the Labrador Sea coast. Major re-entrants along limbs of these regional thrust lobes are found in the vicinity of the Smallwood

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Bayswater/UCore J.V. Makkovik River Uranium Project Reservoir, and northwest of Lake Melville along the Pocketknife Lake Fault (Figure 2). Limited Grenvillian folding and tectonism may also be present within Makkovik Province rocks north of this belt. Apart from the Grenvillian deformation, major middle to late Paleoproterozoic volcanic centers of the Upper Aillik and Bruce River Groups (Figure 2), the Grenville Province in this region is characterized by para- and orthogneisses, as well as deformed granite, granodiorite and diorite. Unique to this region are several deformed gabbronoritic dykes of different generations and orientations, one of which forms a prominent discontinuous northeast trending ridge traceable for many kilometers through Bayswater’s southeast claim block. Additional unusual (in part metasedimentary), and previously unmapped rock types, were found in this thrust belt during the course of the 2006 exploration. Rocks of the Grenville, Nain and Makkovik Structural Provinces, are separated from those of the Churchill Province to the west by both the north-south trending Pocketknife Fault, and eastern intrusive contact of the Harp Lake Anorthosite. Both of these features are emphasized by an accompanying regional magnetic lineament. The Nain-Churchill Province boundary passes through or close to the western edge of Bayswater’s Northwest claims block, and is marked mainly by a change of bedrock structural trends from northeast-southwest to north-south.

Property Geology The Bayswater/UCore exploration licenses lie within the Aillik Domain of the Makkovik structural province. The property lies across a salient of regional lobate thrusts partly defining the northern boundary of the Grenville Front in Eastern Labrador, which in this area manifests itself mainly as a foreland thrust belt. The claims are predominantly underlain by proterozoic granitic and mafic intrusive units, containing local slivers of similar aged volcanic rocks that host many of the uranium deposits within the Central Mineral Belt of Labrador. A brief summary of the property geology is given below, and Figure 3 provides a simplified geological map of the area underlying the Bayswater/UCore exploration licenses. No detailed geological mapping has been initiated during 2008. Exposure is mixed within the rocks of the claims block. The northern half of the property is characterized by barren to sparsely till covered hills, whose summits contain abundant bedrock outcrops. Bedrock in the remaining southern half of the area is extensively boulder covered and outcrops are rare. Exposed bedrock and boulders within the Bayswater/UCore JV property comprise two main rock types. Medium to coarse grained reddish-pink to buff coloured equigranular magnetite-rich granite/granodiorite and pegmatite. Uranium mineralization is commonly associated with brecciated and hematitic variants of the magnetite bearing granites. Veins of coarse grained white pegmatite, associated with uranium mineralization, have also been identified within the area. The same lithologies can also be found in most of the boulder cover. The granitic rocks may exhibit both igneous and metamorphic textures. Pegmatite observed in boulders appears undeformed. A strong airborne magnetic anomaly is directly associated with the granite/granodiorite unit, as are a number of related airborne radiometric anomalies (Figures 4, 5). Fluorite is present sporadically throughout exposed bedrock areas in the granitoid rocks. Hematization and brecciation of the granitic rocks was also reported at several localities.

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Bayswater/UCore J.V. Makkovik River Uranium Project There are indications from trace element analyses on assayed samples of both bedrock and boulders, of a significant and widespread Rare Earth Element (REE) enrichment pattern. The average trace element content of eight selected granite bedrock samples from the claim block is compared with corresponding averages of rocks collected from the central Labrador Letitia Lake peralkaline volcanic centre. Table 2 below, lists the average trace element analyses for fourteen Arc Lake Intrusive Suite peralkaline granites, ten Letitia Lake Group peralkaline rhyolites, and twenty-two calc-alkaine monzonitic to granitic rocks from the spatially associated North Pole Brook Intrusive Suite. The Bayswater/UCore samples exhibit evidence of either a peralkaline affinity or alteration resulting in preferential REE enrichment or both. The key indicator trace elements Zn, Sr, Y, Zr, Nb, Ba, and La show a combined enrichment pattern characteristic of peralkaline rocks, although some are inordinately high and may indicate instead that the chemistry of these rocks has been altered. Uranium, thorium, and yttrium trace element content is excessive for peralkaline rocks, and may reflect the effects of some sort of alteration process. These rocks have undergone Grenvillian tectonism and metamorphism, as well as other possible emplacement and/or post emplacement, pre Grenvillian events. Trace element data suggests that there may be remnants of a previously unrecognized pre-Grenville peralkaline volcanic centre, present in the vicinity of the Bayswater/UCore J.V. ground.

Bayswater Arc L. Letitia L. North Pole Brook Intrusive Suite (Grt. 8) (Per. Grt. 14) (Per. Rhy, 10) (Qtz Monz/Grdt. 18) (Monz. 4)

Be 12 10 7 - - V 5 0 5 85 127 Cr 12 11 11 14 9 Ni 1 30 28 43 29 Cu 17 6 9 10 9 *Zn 213 151 127 49 70 Ga 51 29 25 20 21

Rb 171 258 214 135 86 *Sr 28 21 29 391 919 *Y 851 111 132 34 29 *Zr 1734 1087 1061 205 136 *Nb 252 78 67 15 6 *Ba 133 70 162 1151 1814 *La 76 121 129 39 27

Pb 142 39 32 20 7 Ce 227 158 165 123 130 F - 252 638 852 1010

Th 124 21 19 10 3 U 289 5 4 2 1

* Key indicator trace elements for a peralkaline signature Table: 2 Average trace element composition of eight granitoid samples from within the

Bayswater/UCore J.V. area, compared with peralkaline and calc alkaline granitoids and rhyolite from the Letitia Lake area of central Labrador.

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Bayswater/UCore J.V. Makkovik River Uranium Project All bedrock within the Bayswater/UCore J.V. area has been affected by Grenvillian compression from the south. Reverse and thrust faults have resulted in emplacement of rocks from the south, with the granitoids in the area now stacked into successive overriding and/or overlying tectonic sheets. The granitic rocks are massive or foliated, but may also exhibit localized cataclastic, mylonitic, and brecciated textures. The number, type, and age of igneous units within the Bayswater/UCore J.V area are not presently well known, nor well documented. III. 2008 FIELD PROGRAM Purpose The Bayswater/UCore 2008 field program was carried out with the expressed purpose of continuing grassroots exploration for uranium potential within the J.V. land claims. The 2008 program focused on the key areas identified during the 2007 exploration program. As the proposed exploration program for the project was small, only priority areas were explored. The Makkovik River East and West showings along with area between these two occurrences were targeted for the bulk of the prospecting program. The potential for a low grade, bulk tonnage uranium deposit is thought to exist in the area and was the primary focus of the Company’s exploration efforts. Particular attention was given to geophysical data acquired from airborne magnetics and radiometrics surveys flown during 2007. Exploration Methodology and Sampling The 2008 field program consisted of detailed prospecting based on continued in-house processing and interpretation of the airborne survey carried out in 2007. Results from that survey originally delineated twenty nine primary targets, and numerous secondary targets of interest for ground follow-up. For additional information on these targets, refer to the first year assessment report for this project. Only the highest priority targets were prospected during 2008. In addition, a small reconnaissance grid was established near the northeastern boundary of the Bayswater/UCore claims, over an area of anomalously high radioactivity designated the Makkovik River East showing. A survey of the grid was carried out and included ground magnetometer, scintillometer, and geological sampling components. The gridding was performed as a prelude to a proposed drilling program in the area. This program was abandoned at the final stage of planning and will be performed at a later date. A group of nine prospectors and two geologists carried out ground follow up on all claim blocks during the first half of the field season. Four prospectors and two geologists worked the ground during the second half of the season. A total of sixteen days of prospecting were completed during 2008. These personnel were given specific GPS coordinates with which to locate targets of interest, and helicopters were used to emplace ground traverses or to make spot landings as required. Rocks having scintillometer readings equal to or greater than 1000 CPS were sampled wherever possible. All personnel carried either Exploranium GR110 hand held scintillometers, or an Exploranium GR135 hand held spectrometer (three of which was available for use as required). Both bedrock and boulders were sampled in the usual manner by hammer or maul, fist sized or larger rocks being the norm. Samples were labeled, dried whenever possible, emplaced in plastic bags, and kept under lock and key while awaiting bi-monthly shipment to Activation Laboratories Ltd. for assay.

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Figure 2: Regional Geological Map of Labrador

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Figure 3: Simplified Property Geology Map

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Bayswater/UCore J.V. Makkovik River Uranium Project A total of 45 samples were collected and submitted for multi-element analysis. All copies of the original assay sheets are appended to this report. A printout of the summary rock sample database is also included as Appendix B. All samples were analysed for uranium by both Mass Spectrometer and Neutron Activation delayed neutron counting techniques. Quality Assurance/ Quality Control (QA/QC) work was performed by Bayswater to insure data quality. A suite of commercial uranium rock standards were submitted by Bayswater at pre-determined intervals for in-house quality control. Activation Laboratories ensured reproducibility of results by the addition of internal blanks and duplicates. Results of the QA/QC work indicate all assays were in the permitted range of error. The following summarizes sample preparation and assay techniques performed by Activation Labs:

Sample Preparation

The rock sample submitted is dried at 60 degrees C, and crushed using a TM Engineering Terminator crusher to at least 85% -10 mesh. The sample is then riffle split, and an aliquot of at least 100 grams is pulverized in a mild steel ring mill to at least 95% -150 mesh (Code RX2-Crush and mill). Finally it is analysed utilizing one or more of the following techniques:

(1) Uranium by Delayed Neutron Counting-DNC (Code 5D-U DNC)

A 1 gram sample is doubly encapsulated in a polyethelene vial. Samples are sealed and are irradiated serially in a computer controlled vial transfer system. The sample is sent automatically to a delayed neutron counter, and delayed neutrons are thermalized and counted by an array of BF3 detectors. Count rates are compared to a standard calibration made from certified reference materials. The range of analysis for this method is 0.1 ppm to 1% U.

(2) Assay by XRF (Code 8-U)

A 0.5 gram sample is subjected to loss on ignition at 1050 degrees C. The sample is then mixed with a combination of lithium metaborate/tetraborate, and fused in platinum crucibles using a Claisse automatic fluxer. The molten liquid is poured into platinum dishes and allowed to cool. The fused glass disks are placed into a Panalytical PW-2400 wavelenth dispersive XRF unit using an autosampler. Data is reduced using Philips Super Q software, and compared to a standard calibration developed from multiple certified international reference materials. Range of the method is 0.005 to 10%.

A list of elements and detection limits can be found at www.actlabs.com.

Prospecting Results Reconnaissance prospecting of priority radiometric targets during 2007 led to the discovery of three uranium mineralized areas. These are termed the Makkovik River East, Makkovik River West, and the CD showings (see Figure 4). During the early part of the 2008 field season all three areas were revisited. The CD showing mineralization was found to be related to very sparse and narrow biotite rich shears and thus further attention was not placed on this area. The bulk of the exploration was focused in and around the areas of the Makkovik River East and West showings.

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Figure 4: Makkovik River Property Airborne U Radiometerics with Uranium Showings Map

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Figure 5: Makkovik River Property Airborne Magnetics with Uranium Showings Map

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Bayswater/UCore J.V. Makkovik River Uranium Project These showings are located in the northern portion of the J.V. exploration license (Figure 4). Results obtained from the program were successful in delineating additional outcrop and boulder showings of interest in the area. Detailed geological work and regional geological mapping were not undertaken on any of the claims within this block. Appendix B provides a summary database with accompanying Rock Sample Site Location map for the 45 rock samples collected during the 2008 field season. A complete digital rock sample database has also been appended. The following provides a description of results from the areas prospected.

Area between Makkovik River East and West Showings Although uranium mineralization was found previously in both the Makkovik River East and West showings, the area between them received only cursory examination and therefore was prospected more thoroughly during the 2008 exploration program. A number of mineralized rock samples were collected from this area (see Appendix B), four of which came from outcrop, the remainder from boulders, float or frost heaves. The best three outcrop samples were collected from white, coarse-grained magnetite-bearing granite exposures located approximately 2.2 km southeast of the Makkovik River West showings. The ID numbers for these samples are 50110, 50109 and 50602. These samples give scintillometer readings of 3000cps, 2400cps and 2000cps, and yield assays of 381ppm, 247ppm and 13ppm U respectively. All three samples assayed greater than 200ppm Th, and exhibit REE element enrichment. The first sample is enriched in Zr (2090ppm), Nb (1023ppm) and Yb (126ppm), the second in Ce (174ppm) and Nd (204ppm) and the third in La (514ppm), Ce (1270ppm) and Nd (477ppm). The third sample also contained 316ppm Zn. In addition, anomalously high contents of Y, Er, and Gd are also present in all three samples. Boulders and float accounted for 33 of the samples collected from the area between the Makkovik River East and West showings. Similarly to those from outcrop, these samples comprised white coarse-grained magnetite-bearing granite or white to pink pegmatite. Scintillometer readings ranging from 1000cps to 6500cps were obtained, but not all radioactive samples returned assays with anomalous uranium values. Assays from these rocks indicated uranium contents between a minimum of less than 5ppm, and maximum of 513ppm. Also in common with outcrop, 8 boulder and float samples returned assays of greater than 200ppm Th. REE enrichment in Zr (up to 2090ppm), Nb (up to 284ppm), Yb (up to 144ppm), Ce (up to 175ppm) and Nd (up to 204ppm) is common within many boulder and float samples (Appendix B). Several boulders and float are preferentially enriched in Y, Er, Dy and Gd. Additional prospecting and field work is warranted in this area. Makkovik River West showing The Makkovik River West Showing found in 2007 is characterized by a moderately radioactive airborne anomaly that measures 1.0 kilometer long by 500 meters in width (Figure 4). The Makkovik River West showing is located within an extensive zone of low magnetic relief indicating the presence of a potentially large alteration system related to regional thrusting, or differing rock units from what are mapped regionally by Government geologists (Figure 5).

Several traverses carried out during 2008 in the vicinity of the showing did not result in any new finds, but did confirm further the previously discovered mineralization, condensed as follows from the First Year Assessment Report. The zone occurs 3.0km to the west of the Makkovik River East

14

Bayswater/UCore J.V. Makkovik River Uranium Project showing, is 1.7km long by 1.2km wide and trends west to east. The area is smaller than and mineralization is not as intense as that in the East showing, however it occurs within identical rock types. Scintillometer readings on bedrock vary from 700cps to 9999cps and from 1800cps to 9800cps on boulders. The highest uranium assay obtained on bedrock samples from this showing returned values of 127ppm. Of the boulders sampled, three returned assay values for uranium of 136ppm, 248ppm and 960ppm. Thorium is commonly present in amounts in excess of 200ppm in all rocks from the area. Bedrock and boulders in the Makkovik River West showing exhibit a similar rare element enrichment pattern to that seen in the East showing, with the highest assay values returned from bedrock being 1220ppm Zr, 880ppm Ce, 407ppm Nd, 324ppm La, 234ppm Y, and 103ppm Pr. For boulders, the highest assay values returned 2360ppm Zr, 1420ppm Y, >500ppm Nb, 326ppm Ce, 285ppm Nd, 201ppm Dy, >200ppm Yb, 183ppm Er, 158ppm La, 154ppm Gd, 90ppm Hf and 66ppm Ho. Makkovik River East showing Based on data collected from the airborne radiometric survey carried out in 2007, the Makkovik River East Showing is marked by a well defined 400 meter long by 200 meter wide zone of elevated radioactivity (Figure 5). Two additional radiometric anomalies were also identified in close proximity to that of the showing. Airborne magnetic data indicates the zone is located in an area of low magnetic response that flanks an irregularly shaped local magnetic high, directly to the east and south of an arcuate linear magnetic high to the west. The showing underwent initial prospecting in 2007 and with the encouraging results obtained from grab sample assays (see First Year JV Assessment Report) it was decided to establish a small reconnaissance grid during the 2008 field program. A 300m long baseline, with 200m long cross lines spaced every 20m, was laid in on a true bearing of 125 degrees. The area covered by the grid was then subjected to both ground magnetometer and scintillometer surveys. Results from the recon survey showed an area of elevated scintillometer readings between line 100W and 500W. This corresponds to the area of the main showing (Figures 6 and 7). The limited total field magnetic data makes it difficult to perform a reasonable interpretation. No direct correlation or valid interpretations can be made other than noting an arcuate magnetic high response flanked by magnetic lows to the north and south runs through the center of the grid area. Additional work is required to aid in a better interpretation of the data. Work within the grid area during 2008 resulted in the gathering of 8 uranium mineralized samples additional to those collected during 2007. Unfortunately all of these were taken from boulders and float. These boulders comprise both magnetite-rich granite/granodiorite and pegmatite. Scintillometer values of sampled material ranged from 1400cps to 6000cps and yielded uranium assay values of 161ppm to 674ppm U (see Appendix B). Five of the eight samples returned assays over the detection limit of 200ppm Th. Six of the samples exhibit the REE enrichment found within other rocks in the area. Very strong REE enrichment patterns occur in Zr (543 to >5000ppm), Nb (117 to >500ppm), Yb (90 to >200ppm), Ce (214 to 226ppm) and Nd (122 to 231ppm). These samples also exhibit higher than normal enrichment in Y, Er and other REE elements. The sample that contained >5000ppm Zr also contained 1430ppm Y, 482ppm Zn, 283ppm Dy, 259ppm Er, 178ppm Gd, 154ppm Hf and >100ppm Sm.

Both bedrock and boulders in the Makkovik River East showing are unusual in chemistry. Many

15

Bayswater/UCore J.V Makkovik River Uranium Project

Figure 6: Makkovik River East and West Showings Location Map

16

Bayswater/UCore J.V Makkovik River Uranium Project

Figure 7: Makkovik River East Recon Scintillometer Survey Map

17


Figure 8: Makkovik River East Recon Magnetometer Survey Map

18

Bayswater/UCore J.V. Makkovik River Uranium Project of the trace elements listed above occur only rarely in normal everyday rocks, and then in very small amounts. They are present in Makkovik River granitoids in amounts in excess of ten times what they normally would be, where these elements do occur at all. In addition significant low level uranium and thorium mineralization is widespread. This indicates that within the Makkovik River East showing (and probably the surrounding area) there is a sizeable volume of very unusual, possibly altered, but definitely mineralized rock type present. Additional detailed work including reconnaissance drilling is warranted in this area. IV. CONCLUSIONS AND RECOMMENDATIONS The Makkovik River area of the Bayswater/UCore Joint Venture claim block is underlain by a sizeable volume of Precambrian granitic and pegmatitic rocks, containing uranium, thorium and Rare Earth Element enriched mineralization. Although of a low grade, this mineralization is widespread and distributed within large plutonic bodies. It may be primary in nature and associated with emplacement of these bodies, or it may be due to secondary alteration, or a combination of both processes. The region has undergone several periods of Precambrian orogenesis, and mineralization may have originated with associated tectonic and metamorphic events. The REE enrichment may be due to the presence of one or more peralkaline intrusive events, which have previously gone unrecognized.

It is recommended that rocks within the Bayswater/UCore JV claim blocks be examined in more detail, especially the northern part around the Makkovik River showings, in order to better ascertain their potential for a low grade, large tonnage uranium deposit. The REE deposit potential of the area’s rocks should also receive greater consideration. All the ground in the vicinity of the Makkovik River showings, should be examined in more detail, and at least subjected to a basic geological mapping program as well as additional bedrock geochemical sampling. A reconnaissance diamond drilling program should be carried out on mineralized bedrock outcrops within the Makkovik River East grid.

19

Bayswater/UCore J.V. Makkovik River Uranium Project V. REFERENCES

Agnerian, H., 2006, Technical Report on The Central Labrador Uranium Project, Newfoundland and Labrador: N143-101 Report Prepared for Bayswater Uranium Corporation by Roscoe Postle Associates Inc., March 2006. Bondar, W.F., 1963, Geochemical Exploration, Ugjoktok Area, Labrador 1963: Brinex Internal Company Report. Davidson, G.I., 1979, Brinex Limited, Labrador Uranium, Areas A and B, Airborne Radiometric Survey, North Kaipokok River Region Area B, Labrador: Brinex Internal Company Report (P79010), December 1979. Earthrowl, J.A., 1964, Final Report, Cliffs-Brinex Joint Area, Ugjoktok Concession, Labrador: Brinex Internal Company Report, September 18, 1964. Ermanovics, I., 1993, Geology of the Hopedale Block, Southern Nain Province, and the Adjacent Proterozoic Terranes, Labrador, Newfoundland: Geological Survey of Canada Memoir 431, 1993. Goddard, P. and Klein, J., 1971, Report on Airborne Geophysical Surveys in the Kaipokok Bay-Seal Lake Area, Labrador, on Behalf of British Lee, S.L. and Moghal, M.Y., 1964, Geochemistry Laboratory Report 1964: Brinex Internal Company Report. Perry, J., 1980, Annual Exploration Report 1980, June 23-August 25, Canico-Brinex Joint Venture, Moran Lake Area, Labrador, The Makkovik Area Principle Agreement (Act of 1953): Canadian Nickel Company Ltd. Internal Report, October 1980. Phipps, D., 1978, Canico-Brinex Joint Venture, Labrador, Exploration Report 1977: Canadian Nickel Company (Canico) Internal Company Report, Copper Cliff, Ontario, January 1978. Sander, G.W., 1971, Report on the Helicopter Borne Geophysical Survey on Behalf of British Newfoundland Exploration Limited in the Ten Mile Lake, Seal Lake and Moran Lake Areas of Labrador, Approximately 54oN 62oW: Report by Sander Geophysics Limited for Brinex, Ottawa, April 15, 1971. Wilson, B.T., 1959, Report on Airborne Geophysical Survey of the Ugjoktok Bay Area, Labrador, for British Newfoundland Exploration Limited: Report by Lundberg Exploration Limited for Brinex, August 10, 1959. Wilton, H.C., 1996, Metallogeny of the Central Mineral Belt and Adjacent Archean Basement, Labrador: Government of Newfoundland and Labrador, Department of Mines and Energy, Geological Survey, Mineral Resource Report 8, St. John’s, Newfoundland, 1996.

20

Bayswater/UCore J.V. Makkovik River Uranium Project I, Andre Thomas, Consulting Geologist of 116 Lawrence Pond Road E., Upper Gullies, Newfoundland, Canada HEREBY CERTIFY THAT: 2) I am a graduate of both the University of Waterloo with a B. Sc. Degree in Earth Science

(1974), and the University of Western Ontario with a M. Sc. Degree in Geology, (1978). 2) Continuously from 1970 to 1995 and occasionally up to 2001, I was actively employed as a

geologist/geological technician in provincial government survey work, the mineral exploration industry, and university research in various locations within Canada and Australia.

3) I have been engaged by Bayswater Uranium Corporation to act as Senior Project Geologist for

the company’s Central Mineral Belt Uranium Project located in Labrador, Canada. 4) I do hold a stock option with the company. 5) I am registered as a Professional Geoscientist with the Association of Professional Engineers

& Geoscientists of Newfoundland, but that registration is presently dues expired. 6) I approve of this report being used for any lawful purpose and filing requirements as may be

required by Bayswater Uranium Corp... Dated at St. John’s, Newfoundland, Canada this 19th day of December 2008. _____________________ Andre Thomas, B. Sc (E. Science), M. Sc (Geology)

22


APPENDIX A

(Personnel, Contractors and Expenditures)


PERSONNEL, CONTRACTORS AND EXPENDITURES

PERSONNEL

R. Dean Fraser – Project Manager –Bayswater Uranium Corp. 26 Blue River Place, St. John’s, NL A1E 6C3 Andre Thomas – Senior Project Geologist – Bayswater Uranium Corp. 116 Lawrence Pond Road E., Upper Gullies, NL A1X 4C6 Colin Finkbinder – Project Geologist – Bayswater Uranium Corp. Vancouver, British Columbia Calvin Crocker – Logistics Manager – Bayswater Uranium Corp. Benton, Newfoundland Bradford Jacque, Prospector – Bayswater Uranium Corp General Delivery, Makkovik, Labrador Robert Edmunds, Prospector – Bayswater Uranium Corp General Delivery, Postville, Labrador Rick Edmunds, Prospector – Bayswater Uranium Corp General Delivery, Postville, Labrador Lewis Standing, Prospector – Bayswater Uranium Corp Burgeo, Newfoundland William Ward, Prospector – Bayswater Uranium Corp Port Hope Simpson, Labrador Harvey Kippenchuck, Prospector – Bayswater Uranium Corp Port Hope Simpson, Labrador Dan Jacobs, Prospector – Champion Exploration Westport, Newfoundland Ken Lewis, Prospector – Champion Exploration Baie Verte, Newfoundland


CONTRACTORS

Northern Air Support Kelowna International Airport 6285 Airport Way Kelowna, British Columbia V1V 1S1 Tel: 250-765-0100 Universal Helicopters – Helicopter Contractor P.O. Box 29, Station C Happy Valley - Goose Bay, Labrador A0P 1C0 Tel: (709) 896-2541 RDF Consulting Ltd. 26 Blue River Place St. John’s, NL A1E 6C3 Tel: (709) 747-1648 Activation Laboratories Ltd. – Analytical Services Contractor 1336 Sandhill Drive, Ancaster, Ontario L9G 4V5 Tel: (905) 648-9611


TOTAL EXPENDITURES AND DISTRIBUTION BY LICENSE NUMBER

SUMMARY OF BAYSWATER/UCORE MAKKOVIK RIVER PROJECT EXPENDITURES

(January 1 to December 31, 2008) Consultants and Employees Project Manager (Including research/geophys interp– 10 days x $500/day) 5,000.00 Senior Project Geologist (6 days x $425/day) 2,550.00 Geologist (16 days x $350/day) 5,600.00 Prospectors 16 Days x 11 Prospectors = 176 man days x $350/day 61,600.00 Logistics Manager (Fuel, sample shipment, food -16 days x $400/day) 6,400.00 Executive Visit (George Leary/Vic Tanaka) 2,680.00 Pilot (16 days) Food and Accommodations Accommodations (233 man days x $40/person) 9,320.00 Meals (233 man days x $60/day) 13,980.00 Helicopter/Fixed Wing Support Flying (22 hours x $1680/hr) 36,960.00 Fuel (22 drums x 205L x $2.30/L) 10,373.00 1 Aircraft Charter (NorthWind Aviation) 1,192.32 Travel Airfare – (9 Prospectors x 1 way) 5,467.03 Geochemical Analysis Analyses (Assay– 46 samples@$46.80/sample) 2,152.80 Ground Geophysics 1 Recon Mag/scint Survey (1 day @ $400/day) 400.00 Maps and Final Report Project Manager (5 days x $500/day) 2,500.00 Senior Project Geologist (6 days x $425/day) 2,550.00 Maps 360.00 Sub-total………… $169,085.15

Overhead Charges (15%) $ 25,362.77 Total…………… $194,447.92


License No. # of claims $Totals Spent License No. # of claims $ Totals Spent Bayswater

Claims 012775M 71 0 012777M 114 0 012780M 72 0 012818M 9 11,418.12 012819M 4 5,074.72 012820M 6 7,612.08 012821M 6 0 012822M 5 0 012825M 3 5,338.76

UCore Claims

012735M 37 0 012747M 30 0 012768M 160 0 012784M 46 0 012786M 14 0 012787M 26 32,985.68 012788M 6 0 012790M 20 25,373.60 012791M 4 0 012793M 8 10,149.44 012794M 34 58,435.12 012795M 12 15,224.16 012796M 3 3,806.04 012798M 14 17,761.52 012801M 53 0 012803M 16 0 012808M 16 0 012809M 14 0 012829M 10 0 012830M 1 0 012831M 1 0 012832M 1 1,268.68 012767M 8 0 012887M 5 0

Total: $194,447.92


APPENDIX B

2008 Summary Rock Sample Database And Rock Sample Site Location Map

Sample # UTM_E UTM_N Type Total CPS U U308 U U308 Th Zr Cu Pb Zn Mo Nb La Ce Nd Dy Yb

ppm % ppm % ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

0.1 0.005 0.1 0.001 0.1 1 0.2 0.5 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1

ZONE 21 TD-MS FUS-XRF DNC DNC TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS

49628 346563 6085372 Boulder 1400 63.2 63.1 0.007 16.1 172 3.8 43.5 28.1 1.3 11.5 47.6 90 30.3 2.9 2.9

49902 354038 6082853 float 5800 626 674 0.079 > 200 > 5000 4.3 230 482 1 > 500 41.8 214 231 283 > 200

49904 350977 6081685 ? 2000 195 205 0.024 51.3 244 22.7 161 29.8 1.3 36.1 47.7 127 67.7 19.1 10.6

49905 347389 6082006 O/C 2000 32.4 33.8 0.004 83.1 379 1.4 13.1 19.1 0.4 103 35.9 70.5 32.5 20.4 19

50001 352374 6082376 boulder 1800 48.6 51.7 0.006 43.8 549 4 21.8 16.3 0.2 28.4 10.3 26.9 10.4 5.3 18.3

50007 353983 6082998 boulder 2500 297 314 0.037 > 200 2110 1.7 121 308 5.2 181 98.5 226 122 87.6 115

50101 351456 6083385 boulder 1200 9.5 9.6 0.001 10 21 46.5 14.4 13.7 0.4 8.3 1.2 3.6 3 2.3 1.8

50102 351212 6083172 boulder 5000 60.9 66.2 0.008 > 200 257 4.7 107 72.7 0.9 60.5 24.2 54.5 31.7 32.8 25.9

50103 351131 6083026 boulder 2100 100 100 0.012 161 174 4.9 59.6 55 0.4 63.5 3.3 12.6 18.3 34.4 37.4

50104 351120 6082892 boulder 1000 169 173 0.02 > 200 1270 13.4 98.8 244 0.9 284 34.4 142 123 157 144

50105 351139 6082990 boulder 1400 54.2 53.2 0.006 141 45 2.8 18.2 48.9 0.3 102 2 10.4 18.8 37.8 30.6

50106 351141 6083034 boulder 1400 61.4 64.8 0.008 123 82 9.7 25.8 38.9 0.4 57.6 1.5 7 11.5 22.3 24.1

50107 351109 6083055 boulder 2500 78.5 90 0.011 > 200 434 1.5 28.4 38 0.6 57.9 1.9 8.7 14.8 30.3 33.1

50108 351137 6083084 boulder 1100 26.2 28.5 0.003 46.4 69 5.2 16.6 21.8 0.5 21.3 7.1 17.3 10.2 7.3 8.6

50109 347725 6083565 O/C 2400 252 247 0.029 > 200 473 4.3 82.3 169 0.3 4.9 55.3 174 204 81 44.2

50110 347506 6083006 O/C 3000 388 381 0.045 > 200 2090 87.7 104 82 0.3 102 6.5 32.1 39.3 70 126

50111 351741 6083545 boulder 2500 142 153 0.018 > 200 737 3.9 39.6 25.8 0.4 58 3.5 16 29.9 74.3 90.8

50112 351994 6083538 boulder 2100 148 144 0.017 > 200 366 5.4 98.9 31.9 < 0.1 9.1 1.6 10.8 24.8 55.8 54.2

50113 352027 6083528 boulder 1100 23.4 17.6 0.002 51.6 22 2 16.3 12.3 < 0.1 30.5 0.5 2.2 4.2 11.3 10.7

50114 352136 6083526 boulder 2700 4.7 3.6 < 0.001 51.5 391 5.8 28 74.9 2.6 10 56.8 127 53.6 9.1 6.1

50120 353961 6082885 boulder 1700 191 194 0.023 175 343 4.1 102 174 0.6 87.7 44.8 109 50.1 44.3 62.5

50201 353984 6082853 Boulder 6000 222 247 0.029 > 200 1600 2.8 171 131 1.8 117 25.6 98.5 72.2 89.4 104

50202 354097 6082961 Boulder 2200 168 189 0.022 > 200 2200 1.9 153 74.9 0.6 > 500 5.1 26.8 24.7 60.7 90.5

50302 351163 6081555 boulder 6542 513 533 0.063 50.6 850 5.3 177 110 0.1 52.9 109 175 80.2 17.1 16.9

50402 351178 6083205 boulder 2250 75.2 59.9 0.007 66.7 151 4.2 30 23.1 0.3 10 1.1 4.1 7 16.3 16

50403 351397 6083343 boulder 2700 160 143 0.017 > 200 484 3.2 98.3 68.2 0.2 15.9 4.1 15.8 24.6 47.8 41.7

50404 351392 6083343 boulder 2900 56.5 44.3 0.005 93.5 43 2.6 48.5 41.4 0.1 11.3 3.1 10.6 10.7 9.6 7.6

50405 351621 6083473 boulder 1100 62.3 34 0.004 102 40 1.4 29.6 22.7 0.2 45.5 2 7.3 9.9 14.9 13.3

50406 351735 6083539 boulder 1340 64.8 49.5 0.006 76.2 456 2.7 20.6 30.7 0.3 46 1.1 4.7 6.5 16 18

50407 351832 6083491 boulder 1300 22.5 20 0.002 14.7 8 1.9 19 14.6 0.1 43.4 2.2 7.1 7.4 14.3 14.1

50408 352602 6083509 boulder 1500 62.9 46.7 0.006 106 26 1.9 26.6 8.6 < 0.1 14.3 0.9 5.6 12.9 34.7 34.1

BAYSWATER URANIUM CORP Summary Rock Sample Database (Makkovik R.)

50501 351612 6083607 boulder 1378 34.9 27.9 0.003 69.4 36 2.6 56.4 52.5 0.9 8.2 14.5 41.3 25.2 13.4 21.4

50502 351368 6083315 boulder 1630 33.9 25.1 0.003 60 6 2.2 27.2 31.3 0.3 14.4 0.8 2.8 3.6 7.4 5.8

50503 351221 6083177 boulder 2986 54.4 62.8 0.007 157 75 1.6 36.4 10.9 0.1 11.6 14.2 32.2 16.7 12.3 11.9

50504 351145 6083082 boulder 2130 105 88.9 0.01 144 405 7.7 40 28.4 0.3 27.8 8 21.4 16.5 20 36.1

50505 351145 6082904 boulder 2532 149 165 0.02 > 200 190 3.2 58.6 409 < 0.1 90.9 20.6 77.2 99.7 147 140

50506 351061 6082948 boulder 1724 148 163 0.019 > 200 318 2.5 56.7 89.5 0.8 42.4 21.1 81.1 83.5 101 99.5

50507 351091 6083048 boulder 1549 124 103 0.012 191 108 3.6 53 37.4 0.4 36.4 14.9 36.8 26.5 19.3 17

50508 351096 6083069 boulder 1653 80.2 63.7 0.008 98.8 211 2 33.1 69.9 0.2 181 1.4 6 6.8 10 13.3

50509 351106 6083100 boulder 1275 61.9 50.5 0.006 80.1 403 2.6 28.9 25.7 0.3 70 2.4 6.3 7.4 10 16.3

50510 351157 6083092 boulder 1642 116 96.2 0.011 128 682 2.2 42.3 21.9 < 0.1 25.2 5.9 16 11.7 14.3 24.4

50601 347799 6083602 boulder 1720 13.1 9.7 0.001 44.8 368 1.9 9.6 7.3 < 0.1 9.3 7.3 18.9 12.1 3.2 3.6

50602 347570 6083247 O/C 2000 15.8 12.7 0.001 > 200 95 2.4 51.5 316 0.9 6.8 514 1270 477 28.3 9.7

50701 353953 6082978 float 1800 336 338 0.04 > 200 543 4.8 78.8 27.9 3.3 160 15.5 36.6 19.4 16.9 27

50702 353994 6082978 float 1800 180 185 0.022 156 977 2 79.3 33 0.6 175 45 98 54.7 36.9 43.4

50801 353958 6082833 boulder 1420 150 161 0.019 64 278 1.8 69.7 37.4 0.6 102 16.6 38.3 20.5 20.6 30.9

52.5

kilometers0

50,50150,50150,50150,50150,50150,50150,50150,50150,50150,40550,40550,40550,40550,40550,40550,40550,40550,40550,10150,10150,10150,10150,10150,10150,10150,10150,10150,40350,40350,40350,40350,40350,40350,40350,40350,403

50,50250,50250,50250,50250,50250,50250,50250,50250,50250,50350,50350,50350,50350,50350,50350,50350,50350,503

50,40650,40650,40650,40650,40650,40650,40650,40650,406

50,11150,11150,11150,11150,11150,11150,11150,11150,111

50,40750,40750,40750,40750,40750,40750,40750,40750,407

50,11250,11250,11250,11250,11250,11250,11250,11250,112

50,40250,40250,40250,40250,40250,40250,40250,40250,402 50,40450,40450,40450,40450,40450,40450,40450,40450,404

50,10250,10250,10250,10250,10250,10250,10250,10250,102

50,50950,50950,50950,50950,50950,50950,50950,50950,50950,10850,10850,10850,10850,10850,10850,10850,10850,108

50,51050,51050,51050,51050,51050,51050,51050,51050,510

50,10750,10750,10750,10750,10750,10750,10750,10750,107

50,10650,10650,10650,10650,10650,10650,10650,10650,10650,50750,50750,50750,50750,50750,50750,50750,50750,507

50,10350,10350,10350,10350,10350,10350,10350,10350,103

50,50450,50450,50450,50450,50450,50450,50450,50450,50450,50850,50850,50850,50850,50850,50850,50850,50850,508

50,50650,50650,50650,50650,50650,50650,50650,50650,50650,10450,10450,10450,10450,10450,10450,10450,10450,104

50,10550,10550,10550,10550,10550,10550,10550,10550,10550,50550,50550,50550,50550,50550,50550,50550,50550,505

49,90449,90449,90449,90449,90449,90449,90449,90449,904

50,00150,00150,00150,00150,00150,00150,00150,00150,001

50,11350,11350,11350,11350,11350,11350,11350,11350,113

50,11450,11450,11450,11450,11450,11450,11450,11450,11450,40850,40850,40850,40850,40850,40850,40850,40850,408

50,30250,30250,30250,30250,30250,30250,30250,30250,302

50,80150,80150,80150,80150,80150,80150,80150,80150,80150,20150,20150,20150,20150,20150,20150,20150,20150,201

50,70250,70250,70250,70250,70250,70250,70250,70250,702

50,70150,70150,70150,70150,70150,70150,70150,70150,70150,12050,12050,12050,12050,12050,12050,12050,12050,120

50,00750,00750,00750,00750,00750,00750,00750,00750,007

49,90549,90549,90549,90549,90549,90549,90549,90549,905

50,11050,11050,11050,11050,11050,11050,11050,11050,110

50,60250,60250,60250,60250,60250,60250,60250,60250,602

50,60150,60150,60150,60150,60150,60150,60150,60150,60150,10950,10950,10950,10950,10950,10950,10950,10950,109

49,62849,62849,62849,62849,62849,62849,62849,62849,628

49,90249,90249,90249,90249,90249,90249,90249,90249,902

50,20250,20250,20250,20250,20250,20250,20250,20250,202

November 2008

Bayswater/UCore J.V. Claims

2008 Sample Location MapMakkovik River Project

Central Mineral Belt, Labrador

NAD27, Zone 20Produced by: DF

Scale 1:40,000 NTS 13J/11,12,14

MakkovikMakkovikMakkovikMakkovikMakkovikMakkovikMakkovikMakkovikMakkovik

PostvillePostvillePostvillePostvillePostvillePostvillePostvillePostvillePostville

52.5

kilometers

0

303030303030303030000000000 151515151515151515

kilometerskilometerskilometerskilometerskilometerskilometerskilometerskilometerskilometers

Bayswater/UCore Bayswater/UCore Bayswater/UCore Bayswater/UCore Bayswater/UCore Bayswater/UCore Bayswater/UCore Bayswater/UCore Bayswater/UCore J.V. ClaimsJ.V. ClaimsJ.V. ClaimsJ.V. ClaimsJ.V. ClaimsJ.V. ClaimsJ.V. ClaimsJ.V. ClaimsJ.V. Claims

Sample_# U UDNC U308 Th Zr Zn Nb La Ce Nd

ppm ppm % ppm ppm ppm ppm ppm ppm ppm 0.1 0.1 0.001 0.1 1 0.2 0.1 0.1 0.1 0.1

TD-MS DNC DNC TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS49628 63.2 63.1 0.007 16.1 172 28.1 11.5 47.6 90 30.349902 626 674 0.079 > 200 > 5000 482 > 500 41.8 214 23149904 195 205 0.024 51.3 244 29.8 36.1 47.7 127 67.749905 32.4 33.8 0.004 83.1 379 19.1 103 35.9 70.5 32.550001 48.6 51.7 0.006 43.8 549 16.3 28.4 10.3 26.9 10.450007 297 314 0.037 > 200 2110 308 181 98.5 226 12250101 9.5 9.6 0.001 10 21 13.7 8.3 1.2 3.6 350102 60.9 66.2 0.008 > 200 257 72.7 60.5 24.2 54.5 31.750103 100 100 0.012 161 174 55 63.5 3.3 12.6 18.350104 169 173 0.02 > 200 1270 244 284 34.4 142 12350105 54.2 53.2 0.006 141 45 48.9 102 2 10.4 18.850106 61.4 64.8 0.008 123 82 38.9 57.6 1.5 7 11.550107 78.5 90 0.011 > 200 434 38 57.9 1.9 8.7 14.850108 26.2 28.5 0.003 46.4 69 21.8 21.3 7.1 17.3 10.250109 252 247 0.029 > 200 473 169 4.9 55.3 174 20450110 388 381 0.045 > 200 2090 82 102 6.5 32.1 39.350111 142 153 0.018 > 200 737 25.8 58 3.5 16 29.950112 148 144 0.017 > 200 366 31.9 9.1 1.6 10.8 24.850113 23.4 17.6 0.002 51.6 22 12.3 30.5 0.5 2.2 4.250114 4.7 3.6 < 0.001 51.5 391 74.9 10 56.8 127 53.650120 191 194 0.023 175 343 174 87.7 44.8 109 50.150201 222 247 0.029 > 200 1600 131 117 25.6 98.5 72.250202 168 189 0.022 > 200 2200 74.9 > 500 5.1 26.8 24.750302 513 533 0.063 50.6 850 110 52.9 109 175 80.250402 75.2 59.9 0.007 66.7 151 23.1 10 1.1 4.1 750403 160 143 0.017 > 200 484 68.2 15.9 4.1 15.8 24.650404 56.5 44.3 0.005 93.5 43 41.4 11.3 3.1 10.6 10.750405 62.3 34 0.004 102 40 22.7 45.5 2 7.3 9.950406 64.8 49.5 0.006 76.2 456 30.7 46 1.1 4.7 6.550407 22.5 20 0.002 14.7 8 14.6 43.4 2.2 7.1 7.450408 62.9 46.7 0.006 106 26 8.6 14.3 0.9 5.6 12.950501 34.9 27.9 0.003 69.4 36 52.5 8.2 14.5 41.3 25.250502 33.9 25.1 0.003 60 6 31.3 14.4 0.8 2.8 3.650503 54.4 62.8 0.007 157 75 10.9 11.6 14.2 32.2 16.750504 105 88.9 0.01 144 405 28.4 27.8 8 21.4 16.550505 149 165 0.02 > 200 190 409 90.9 20.6 77.2 99.750506 148 163 0.019 > 200 318 89.5 42.4 21.1 81.1 83.550507 124 103 0.012 191 108 37.4 36.4 14.9 36.8 26.550508 80.2 63.7 0.008 98.8 211 69.9 181 1.4 6 6.850509 61.9 50.5 0.006 80.1 403 25.7 70 2.4 6.3 7.450510 116 96.2 0.011 128 682 21.9 25.2 5.9 16 11.750601 13.1 9.7 0.001 44.8 368 7.3 9.3 7.3 18.9 12.150602 15.8 12.7 0.001 > 200 95 316 6.8 514 1270 47750701 336 338 0.04 > 200 543 27.9 160 15.5 36.6 19.450702 180 185 0.022 156 977 33 175 45 98 54.750801 150 161 0.019 64 278 37.4 102 16.6 38.3 20.5


APPENDIX C

Activation Laboratories Assay Sheets

Report: A08-4304 rev 1 Rev, 1 Final ReportActivation LaboratoriesReport Date: 8/19/2008

Analyte Symbol Au Li Na Mg Al K Ca Cd V Cr Mn Fe Hf Ni Er Be Ho Ag Cs Co EuUnit Symbol ppb ppm % % % % % ppm ppm ppm ppm % ppm ppm ppm ppm ppm ppm ppm ppm ppmDetection Limit 5 0.5 0.001 0.01 0.01 0.01 0.01 0.1 1 0.5 1 0.01 0.1 0.5 0.1 0.1 0.1 0.05 0.05 0.1 0.05Analysis Method TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS49621 30 8.2 > 3.00 1.69 7 0.77 5.06 0.1 63 24.3 758 3.38 6.5 14 2.5 6.4 0.9 0.08 0.7 12.4 2.249622 33 9.7 > 3.00 1.09 3.41 0.71 3.44 < 0.1 45 20.5 544 2.25 4.6 11.3 1.2 5.6 0.5 0.08 0.73 9.3 1.1749623 29 3.2 > 3.00 0.36 9.18 0.04 0.47 < 0.1 10 9.7 134 1.58 6.5 2 2.3 2.1 0.5 0.09 0.29 1.4 0.2949624 39 2.9 > 3.00 0.38 8.09 0.05 1.04 < 0.1 28 13.3 266 4.43 7.6 2.4 3.8 2 1 0.13 0.12 3 0.6549625 33 2.7 > 3.00 0.46 9.25 0.06 1.49 < 0.1 31 19.3 306 4.45 8 2.8 5.9 2.2 1.7 0.06 0.15 2.7 0.8349626 < 5 8.2 > 3.00 0.89 7.99 0.11 7.48 < 0.1 95 45.8 525 4.4 0.3 3.6 40.8 4.9 13.2 0.07 0.16 2.5 7.6749719 8 32.3 2.48 2.27 8.9 1.93 3.26 0.5 190 189 724 5.85 2.7 104 1.8 3.8 0.6 0.51 12.6 27.6 0.9850201 64 4.9 2.79 0.02 5.88 2.13 0.17 0.1 4 18.7 371 2.55 40.4 1.3 88.4 3.5 25.4 < 0.05 0.53 1 1.7750202 448 5 > 3.00 0.01 5.85 0.82 0.13 0.1 10 12.8 153 3.55 60.9 1.3 64.7 6.3 17.5 < 0.05 0.35 1.3 0.96

Page 1 of 3

Report: A08-4304 rev 1 Rev, 1 Final ReportActivation LaboratoriesReport Date: 8/19

Analyte SymbolUnit SymbolDetection LimitAnalysis Method496214962249623496244962549626497195020150202

Bi Se Zn Ga As Rb Y Sr Zr Nb Mo In Sn Sb Te Ba La Ce Pr Nd Smppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm0.02 0.1 0.2 0.1 0.1 0.2 0.1 0.2 1 0.1 0.1 0.1 1 0.1 0.1 1 0.1 0.1 0.1 0.1 0.1

TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS< 0.02 0.5 83.9 29.1 0.5 11.4 18.4 516 310 15.7 0.6 < 0.1 2 0.7 < 0.1 709 59.6 119 16.3 47.8 7.2< 0.02 0.3 61.6 20.7 1.2 5.7 7.4 394 201 15.9 0.6 < 0.1 2 0.5 < 0.1 766 30.7 69.5 9.1 27.9 4< 0.02 0.2 12.2 24.2 < 0.1 1.4 14.9 30.7 260 13.3 0.4 < 0.1 3 0.2 < 0.1 22 4.3 10.2 1.4 5 1

0.32 0.4 22 22.8 1.4 1 27.9 46.6 298 17.3 38.6 < 0.1 3 0.3 < 0.1 76 19.9 42 5.5 18 3.10.11 0.6 25.2 25.5 2.5 1 46.2 63.8 300 16.8 3 < 0.1 3 0.4 < 0.1 60 27.1 59.8 8 25.7 4.4

< 0.02 4.2 19 19.7 19.1 6.9 359 294 34 1.3 0.8 0.1 < 1 < 0.1 < 0.1 149 238 648 93.9 324 56.20.07 1.5 144 18.1 < 0.1 152 16 208 165 6.2 106 < 0.1 5 0.4 < 0.1 669 22.2 39.2 5.3 17.2 2.9

< 0.02 6.9 131 26.4 2.8 146 585 30.4 1600 117 1.8 < 0.1 6 < 0.1 < 0.1 108 25.6 98.5 16.1 72.2 26.6< 0.02 4.8 74.9 32.8 1.8 73.5 416 21.3 2200 > 500 0.6 < 0.1 11 0.3 0.1 27 5.1 26.8 4.6 24.7 13.8

Page 2 of 3



Gd Tb Dy Cu Ge Tm Yb Lu Ta W Re Tl Pb Th U U U3O8 Mass Auppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm % g ppb

0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.001 0.05 0.5 0.1 0.1 0.1 0.001 5TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS DNC DNC DNC FA-AA

5.8 0.9 5 3.8 0.3 0.3 1 < 0.1 0.8 0.3 0.002 0.18 509 7.4 890 969 0.114 1.0243.2 0.4 2.5 2.9 0.4 0.2 < 0.1 < 0.1 0.8 0.5 0.003 0.22 324 3.5 351 513 0.061 1.0861.1 0.2 1.4 3.6 < 0.1 0.5 5.2 0.9 1 < 0.1 0.003 < 0.05 24.1 24.2 169 182 0.021 1.0433.3 0.5 3.6 4.3 0.2 0.7 7.5 1.4 1.1 0.6 0.004 < 0.05 18.7 18.3 45.8 62 0.007 1.014.8 0.8 6.2 4.3 0.3 1.1 9.3 1.5 1.5 0.4 0.003 < 0.05 27.5 28.9 68.2 81.4 0.01 1.07354 8.4 55.2 2.6 0.9 6 42.8 5.7 < 0.1 < 0.1 < 0.001 < 0.05 64.9 > 200 283 303 0.036 1.0383.1 0.4 2.8 165 0.2 0.2 0.9 < 0.1 0.3 0.7 0.876 1.21 301 18.5 891 965 0.114 1.026

48.5 10.8 89.4 2.8 0.3 13.4 104 15.9 3 < 0.1 0.001 0.71 171 > 200 222 247 0.029 1.07428.5 7.1 60.7 1.9 0.2 10.7 90.5 15 14.8 12.2 0.002 0.3 153 > 200 168 189 0.022 1.091 11

Page 3 of 3

Report: A08-4941 rev 2 Rev, 2 Final ReportActivation LaboratoriesReport Date: 08/10/2008

Analyte Symbol Au Li Na Mg Al K Ca Cd V Cr Mn Fe Hf Ni Er Be Ho Ag Cs Co EuUnit Symbol ppb ppm % % % % % ppm ppm ppm ppm % ppm ppm ppm ppm ppm ppm ppm ppm ppmDetection Limit 5 0.5 0.001 0.01 0.01 0.01 0.01 0.1 1 0.5 1 0.01 0.1 0.5 0.1 0.1 0.1 0.05 0.05 0.1 0.05Analysis Method TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS49627 < 5 15.6 > 3.00 2.4 9.27 1.02 5.16 < 0.1 74 52.6 937 4.76 1.6 54.1 1.8 3.2 0.8 < 0.05 1.68 22.5 2.4949628 9 16.1 > 3.00 0.06 7.02 1.36 0.04 < 0.1 10 9.1 468 0.97 5.7 1.1 2.3 1.6 0.7 0.07 2.22 0.3 0.2749901 7 16.2 > 3.00 0.55 > 10.0 1.62 2.64 < 0.1 39 35.7 266 2.36 4.4 8.2 0.6 2.3 0.2 0.05 3.26 6 0.9849902 428 2.7 1.57 0.02 1.96 0.5 0.31 0.9 4 14.6 1100 11.7 154 1.2 259 1.2 76.6 < 0.05 0.55 3 5.949903 7 14 2.53 0.46 6.99 0.92 1.82 < 0.1 31 14.8 207 1.65 6.8 11.8 1.7 1.1 0.6 < 0.05 1.39 6.4 0.4549904 21 1.9 > 3.00 0.04 6.92 0.08 0.33 0.1 46 6.8 365 2.57 5 1.6 11.3 2.8 4 0.18 0.49 2.5 0.849905 59 11.5 > 3.00 0.38 9.62 2.07 2.85 < 0.1 30 128 308 3.94 13.6 1.2 16.7 0.9 5.1 < 0.05 0.71 1.6 0.6350001 37 2 > 3.00 0.01 7.53 0.9 0.07 < 0.1 2 6.4 67 0.94 26.1 1.1 7.8 2 1.6 < 0.05 0.87 0.6 0.150101 5 11.3 > 3.00 0.02 8.21 3.97 0.11 < 0.1 1 8.1 71 0.75 0.9 1.2 1.9 1.4 0.6 < 0.05 1.67 0.4 0.1550102 22 9.1 > 3.00 0.01 6.24 1.05 0.15 < 0.1 2 8.8 440 4.68 8.4 1.1 29 2.3 8.8 < 0.05 1.5 0.6 0.5250103 25 3.3 > 3.00 0.01 7.59 0.5 0.1 < 0.1 1 10.5 277 1.18 6.7 1.3 34.6 1.4 9.9 < 0.05 1.19 0.4 0.3850104 114 3.6 1.53 0.02 3.42 1.32 0.16 0.3 68 33 857 11.6 41.1 2.1 152 5.2 43.9 < 0.05 0.92 4.4 2.3650105 21 3.7 > 3.00 0.01 6.2 0.97 0.17 < 0.1 2 11.1 194 1.49 1.6 1.6 34.1 0.9 10.3 < 0.05 1.07 0.8 0.5350106 21 5.2 > 3.00 0.02 6.64 1.01 0.04 < 0.1 2 8.6 164 1.24 2.6 2.2 22.2 0.9 6.3 < 0.05 2.22 0.6 0.2750107 14 1.5 > 3.00 < 0.01 7.51 0.61 0.06 0.1 1 14.3 208 2.15 9.8 1 30.5 2.2 8.9 < 0.05 0.46 0.4 0.3750108 17 3.4 2.99 0.01 6.22 2.07 0.08 < 0.1 1 6.2 109 0.83 2.7 1 7 2 2 < 0.05 1.05 0.4 0.250109 24 0.7 2.14 0.01 3.22 1.45 0.15 0.2 2 16 434 5.03 13.3 1.2 55 4.4 19.6 0.29 0.24 0.9 2.9650110 216 3.1 1.98 0.08 3.48 1.73 0.13 0.4 5 13.9 302 3.42 84 1.5 85.9 2.6 22.8 0.53 0.18 1.3 0.9550111 121 7.9 > 3.00 0.01 5.78 3.06 0.43 0.1 1 7.7 233 0.86 30.8 0.9 82.7 3.5 24 < 0.05 0.82 0.3 0.7650112 28 5.2 > 3.00 < 0.01 6.09 1.97 0.12 0.1 1 6.8 169 0.93 11.5 0.9 56.3 2.6 16.9 0.1 0.36 0.4 0.5550113 20 1.6 > 3.00 < 0.01 6.37 2.33 0.16 < 0.1 < 1 5.9 86 0.69 0.7 1 11.7 2.1 3.5 < 0.05 0.27 0.2 0.1450114 25 13.6 > 3.00 0.38 6.77 4.2 1.26 0.1 16 9 517 2.44 9.8 2.4 6.7 2.6 2.2 0.09 0.77 3.6 1.1550301 14 29.1 2.9 1.94 7.55 0.98 2.91 0.1 71 31 885 5.3 2.4 23.8 2.8 1 1 0.16 1.21 14.8 1.1150302 106 8.8 > 3.00 0.06 6.54 0.11 0.94 0.3 235 5.8 673 4.09 23.8 1.9 14.5 13.8 4.6 0.18 0.27 2.2 0.6250401 13 16.7 2.09 0.97 5.31 0.65 2.19 0.1 6 14.6 758 5.46 4.6 3.2 7.7 0.9 2.7 0.29 0.57 30.1 250402 20 3.9 > 3.00 0.01 6.08 4.04 0.07 < 0.1 1 9.4 126 0.84 4.8 1.3 16.3 2.1 4.7 0.08 0.82 0.4 0.2650403 32 4.1 > 3.00 0.01 4.61 2.18 0.28 0.1 1 10.6 241 2.84 13.3 1.1 47.4 1.7 14.7 0.1 0.51 0.5 0.7150404 < 5 7.4 > 3.00 0.01 5.9 3.43 0.22 < 0.1 1 6.7 142 1.16 1.1 0.9 8.7 2.2 2.9 < 0.05 0.8 0.4 0.450405 18 8.1 > 3.00 0.01 7.46 2.06 0.23 < 0.1 1 7.6 156 1.35 3 1.2 14.4 2.1 4.3 < 0.05 0.71 0.4 0.2950406 29 2.3 > 3.00 < 0.01 5.75 0.4 0.17 0.2 1 8.7 185 1.03 14.8 1.1 17.4 3 5 < 0.05 0.24 0.4 0.1650407 12 3.5 > 3.00 0.01 5.68 3.24 0.19 < 0.1 1 4.2 97 0.64 0.3 1.1 14.8 2.2 4.3 < 0.05 0.56 0.3 0.2150408 < 5 1.3 > 3.00 < 0.01 6.41 3.9 0.05 < 0.1 1 8 59 0.86 1.1 0.9 36.3 2.8 10.8 < 0.05 0.38 0.3 0.4350501 6 3 > 3.00 0.01 6.4 1.96 0.05 0.1 1 6.4 210 0.96 1.8 0.7 15.2 3.6 4.1 < 0.05 0.56 0.3 0.2250502 < 5 6.5 > 3.00 0.01 6.82 4.36 0.17 < 0.1 1 6.2 96 0.85 0.2 0.8 6.8 2 2.2 < 0.05 0.76 0.3 0.1950503 < 5 4.8 2.88 0.01 3.74 1.16 0.18 < 0.1 < 1 4.4 97 0.85 2.6 0.7 12 2.4 3.7 < 0.05 0.39 0.4 0.2750504 42 1.3 > 3.00 0.01 5.03 2.22 0.05 0.1 1 13 168 1.81 13.5 1 25.7 1.8 6.7 0.06 0.46 0.3 0.3150505 52 0.5 1.96 0.01 2.74 0.89 0.07 0.1 < 1 16.2 1230 11.8 6.3 0.9 152 1.3 44.5 < 0.05 0.2 0.7 2.250506 22 0.5 > 3.00 0.01 4.95 1.73 0.08 0.1 1 11.2 319 3.95 8 0.8 106 2.3 31.1 < 0.05 0.28 0.4 1.8750507 7 2.2 > 3.00 0.02 6.02 3.09 0.14 < 0.1 1 6.1 127 1.17 3.4 0.9 18.4 2.5 5.7 < 0.05 0.71 0.4 0.4350508 125 2.3 > 3.00 0.01 4.56 2.24 0.1 0.2 < 1 23.1 180 0.89 7.6 0.8 11.2 1.8 3.1 < 0.05 0.55 0.2 0.1550509 41 0.6 > 3.00 0.01 5.4 2.79 0.04 0.1 1 7.6 93 0.76 12 0.9 11.9 1.7 3.2 < 0.05 0.36 0.4 0.1750510 47 0.5 > 3.00 < 0.01 5.38 1.73 0.05 0.1 < 1 9 132 1.76 22.2 0.8 17.7 1.8 4.6 0.08 0.29 0.2 0.1850601 20 < 0.5 > 3.00 0.01 7.39 2.16 0.18 0.1 1 6.2 68 0.94 10.9 0.9 3 4.6 0.9 0.15 0.35 0.4 0.2250602 12 43.8 1.95 3.37 3.74 0.45 17.3 0.3 474 32.2 1810 3.31 2.1 47.6 14.8 8.9 6.1 0.12 0.71 22.5 8.2

Page 1 of 3



Bi Se Zn Ga As Rb Y Sr Zr Nb Mo In Sn Sb Te Ba La Ce Pr Nd Smppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm0.02 0.1 0.2 0.1 0.1 0.2 0.1 0.2 1 0.1 0.1 0.1 1 0.1 0.1 1 0.1 0.1 0.1 0.1 0.1

TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS< 0.02 < 0.1 94 23 0.8 41.1 16 776 109 0.3 0.3 < 0.1 < 1 0.1 < 0.1 892 97.1 196 22.3 74.9 10.6< 0.02 < 0.1 28.1 22.6 < 0.1 68 19 2.4 172 11.5 1.3 < 0.1 2 < 0.1 < 0.1 13 47.6 90 9.8 30.3 4.5< 0.02 < 0.1 54.9 29.2 < 0.1 42.3 6.2 765 206 5.1 0.3 < 0.1 2 < 0.1 < 0.1 1430 34.7 63.7 6.5 20.5 2.8< 0.02 23.2 482 22.3 7.5 28.6 1430 59 > 5000 > 500 1 0.1 16 0.4 0.4 65 41.8 214 39.2 231 > 100< 0.02 < 0.1 37.8 19.8 < 0.1 45.6 13.3 129 227 13.2 15.9 < 0.1 1 < 0.1 < 0.1 489 24.7 52.6 5.4 17.9 3.3< 0.02 1.3 29.8 27.3 5.9 2.5 94.1 67.7 244 36.1 1.3 0.2 4 0.3 < 0.1 100 47.7 127 17.7 67.7 17.1< 0.02 1.2 19.1 31 1.1 97.3 118 706 379 103 0.4 0.1 5 0.1 < 0.1 232 35.9 70.5 8.7 32.5 9.5< 0.02 < 0.1 16.3 50.2 < 0.1 86.3 54 12.1 549 28.4 0.2 < 0.1 3 0.3 < 0.1 35 10.3 26.9 3 10.4 2.6< 0.02 < 0.1 13.7 33.1 < 0.1 218 18.4 8.6 21 8.3 0.4 < 0.1 1 < 0.1 < 0.1 80 1.2 3.6 0.6 3 1.2< 0.02 2.1 72.7 35.8 < 0.1 75.9 170 14.8 257 60.5 0.9 0.1 3 < 0.1 < 0.1 65 24.2 54.5 7.4 31.7 11.8< 0.02 2.3 55 44.2 < 0.1 25.7 250 4.3 174 63.5 0.4 < 0.1 1 < 0.1 < 0.1 13 3.3 12.6 2.9 18.3 10.7< 0.02 13.1 244 31.2 3.4 85 895 50.3 1270 284 0.9 < 0.1 16 < 0.1 < 0.1 225 34.4 142 23.4 123 56.9< 0.02 2.5 48.9 32.9 < 0.1 71.7 212 3.9 45 102 0.3 < 0.1 1 < 0.1 < 0.1 11 2 10.4 2.7 18.8 12.5< 0.02 1.9 38.9 37.6 < 0.1 72.2 144 4.2 82 57.6 0.4 < 0.1 1 < 0.1 < 0.1 12 1.5 7 1.7 11.5 7< 0.02 2.7 38 54.2 < 0.1 37.3 195 4.4 434 57.9 0.6 < 0.1 3 < 0.1 < 0.1 7 1.9 8.7 2.2 14.8 9.1< 0.02 < 0.1 21.8 31.7 < 0.1 126 42.1 8.3 69 21.3 0.5 < 0.1 1 < 0.1 < 0.1 57 7.1 17.3 2.3 10.2 3.4

0.03 6.2 169 23.9 2.9 72.9 301 14.6 473 4.9 0.3 0.1 1 0.2 < 0.1 72 55.3 174 40.1 204 74.1< 0.02 5.6 82 22.4 1.3 83.7 382 25.7 2090 102 0.3 < 0.1 3 0.2 0.2 61 6.5 32.1 6.3 39.3 21.2< 0.02 6.3 25.8 43.3 2.3 268 434 6.2 737 58 0.4 < 0.1 2 0.1 0.1 26 3.5 16 4.2 29.9 20.6< 0.02 4.3 31.9 35.6 < 0.1 155 266 5.4 366 9.1 < 0.1 < 0.1 1 < 0.1 < 0.1 9 1.6 10.8 3.1 24.8 18.6< 0.02 0.8 12.3 35.7 < 0.1 167 81.5 5.7 22 30.5 < 0.1 < 0.1 < 1 < 0.1 < 0.1 14 0.5 2.2 0.6 4.2 3< 0.02 0.7 74.9 22.8 < 0.1 146 55.8 205 391 10 2.6 0.1 1 0.1 < 0.1 886 56.8 127 14.9 53.6 10.6< 0.02 0.9 82 19.6 < 0.1 38.4 24.5 150 103 0.7 < 0.1 0.1 < 1 < 0.1 0.1 343 12.8 29.2 3.9 15.7 3.6< 0.02 1.8 110 53.2 < 0.1 2.9 122 21.4 850 52.9 0.1 0.4 13 0.4 < 0.1 26 109 175 24.9 80.2 15.3< 0.02 2.3 52.8 24.7 < 0.1 28.3 63.9 179 163 2.6 0.7 0.2 1 0.1 0.1 223 12.4 30.3 4.6 20.7 6.5< 0.02 1.1 23.1 34.1 < 0.1 283 98.7 5 151 10 0.3 < 0.1 1 < 0.1 < 0.1 29 1.1 4.1 1 7 4.7< 0.02 3.6 68.2 30.3 < 0.1 155 226 4.8 484 15.9 0.2 < 0.1 2 < 0.1 < 0.1 20 4.1 15.8 3.6 24.6 16.3< 0.02 0.6 41.4 32.6 < 0.1 231 66.4 7.2 43 11.3 0.1 < 0.1 1 < 0.1 < 0.1 47 3.1 10.6 2 10.7 4.7< 0.02 1.5 22.7 33.8 < 0.1 145 95.3 6.2 40 45.5 0.2 < 0.1 1 < 0.1 < 0.1 17 2 7.3 1.6 9.9 5.4< 0.02 1.3 30.7 37.7 < 0.1 34.1 109 2.9 456 46 0.3 < 0.1 1 < 0.1 < 0.1 5 1.1 4.7 1 6.5 4.9< 0.02 0.9 14.6 29.3 < 0.1 210 88.4 11.4 8 43.4 0.1 < 0.1 1 < 0.1 < 0.1 90 2.2 7.1 1.4 7.4 3.9< 0.02 2.3 8.6 35.3 < 0.1 267 188 6.1 26 14.3 < 0.1 < 0.1 < 1 < 0.1 < 0.1 26 0.9 5.6 1.7 12.9 9.3< 0.02 0.9 52.5 42.4 < 0.1 144 110 6.8 36 8.2 0.9 0.1 1 < 0.1 < 0.1 31 14.5 41.3 6.3 25.2 8.1< 0.02 0.5 31.3 34.6 < 0.1 268 41.7 6.4 6 14.4 0.3 < 0.1 1 < 0.1 < 0.1 54 0.8 2.8 0.5 3.6 2.3< 0.02 0.7 10.9 22.2 < 0.1 88 75.7 5.2 75 11.6 0.1 < 0.1 < 1 < 0.1 < 0.1 18 14.2 32.2 4.4 16.7 5.5< 0.02 1.3 28.4 35.3 < 0.1 145 155 9.5 405 27.8 0.3 0.1 1 < 0.1 < 0.1 62 8 21.4 3.4 16.5 6.8< 0.02 11.1 409 33.2 2.2 70.3 742 3.9 190 90.9 < 0.1 0.2 1 < 0.1 < 0.1 11 20.6 77.2 17 99.7 51.3< 0.02 7.7 89.5 41 1.8 105 531 11.8 318 42.4 0.8 0.1 2 < 0.1 < 0.1 29 21.1 81.1 15.8 83.5 37.8< 0.02 1.1 37.4 38.2 < 0.1 204 106 7.6 108 36.4 0.4 < 0.1 1 < 0.1 < 0.1 61 14.9 36.8 5.7 26.5 9.2< 0.02 0.7 69.9 41.9 < 0.1 183 79.9 3.5 211 181 0.2 < 0.1 1 < 0.1 < 0.1 13 1.4 6 1.1 6.8 3.6< 0.02 0.7 25.7 40.8 < 0.1 195 78.6 4 403 70 0.3 < 0.1 1 < 0.1 < 0.1 11 2.4 6.3 1.4 7.4 3.7< 0.02 1 21.9 37.7 < 0.1 121 110 3.8 682 25.2 < 0.1 < 0.1 1 < 0.1 < 0.1 7 5.9 16 2.5 11.7 5< 0.02 0.3 7.3 40.7 < 0.1 125 22.3 22.9 368 9.3 < 0.1 < 0.1 1 < 0.1 < 0.1 87 7.3 18.9 2.8 12.1 2.8

1.47 2.3 316 19.9 419 26.6 162 477 95 6.8 0.9 0.1 1 4.5 < 0.1 167 514 1270 144 477 65.5

Page 2 of 3



Gd Tb Dy Cu Ge Tm Yb Lu Ta W Re Tl Pb Th U U U3O8 Mass Auppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm % g ppb

0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.001 0.05 0.5 0.1 0.1 0.1 0.001 5TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS DNC DNC DNC FA-AA

6.7 0.8 3.7 11.2 0.3 0.3 0.4 < 0.1 < 0.1 < 0.1 < 0.001 0.31 99.6 11.1 339 337 0.04 1.0533.2 0.5 2.9 3.8 0.2 0.4 2.9 0.5 0.6 < 0.1 < 0.001 0.51 43.5 16.1 63.2 63.1 0.007 1.0671.9 0.2 1.2 2.4 0.4 0.1 < 0.1 < 0.1 0.2 0.1 < 0.001 0.35 30 8.4 17.3 17.4 0.002 1.008178 38.8 283 4.3 1.4 42 > 200 39.6 29.5 9.8 < 0.001 0.16 230 > 200 626 674 0.079 1.031 < 52.9 0.4 2.5 7.7 0.3 0.2 1.1 < 0.1 0.2 < 0.1 < 0.001 0.33 59.8 128 63 65.5 0.008 1.064

16.3 3.1 19.1 22.7 0.2 1.7 10.6 1.4 1 0.5 < 0.001 < 0.05 161 51.3 195 205 0.024 1.06212.3 2.8 20.4 1.4 0.6 2.8 19 2.9 4.5 1.2 < 0.001 0.8 13.1 83.1 32.4 33.8 0.004 1.0112.8 0.7 5.3 4 0.1 1.9 18.3 3.9 2.4 0.1 < 0.001 0.68 21.8 43.8 48.6 51.7 0.006 1.0381.8 0.3 2.3 46.5 0.3 0.3 1.8 0.2 0.1 < 0.1 < 0.001 1.42 14.4 10 9.5 9.6 0.001 1.054

19.2 4.3 32.8 4.7 0.7 4.2 25.9 3.6 1.3 0.2 < 0.001 0.87 107 > 200 60.9 66.2 0.008 1.05818.6 4.4 34.4 4.9 < 0.1 5.8 37.4 5.4 1.6 < 0.1 < 0.001 0.12 59.6 161 100 100 0.012 1.0791.6 20.8 157 13.4 0.4 23.7 144 19.9 7.3 < 0.1 < 0.001 0.5 98.8 > 200 169 173 0.02 1.04121.9 5.1 37.8 2.8 0.8 5.2 30.6 3.9 1.2 < 0.1 < 0.001 0.54 18.2 141 54.2 53.2 0.006 1.06311.9 2.8 22.3 9.7 0.1 3.7 24.1 3.4 1.2 < 0.1 < 0.001 0.43 25.8 123 61.4 64.8 0.008 1.07816.3 3.8 30.3 1.5 < 0.1 5 33.1 4.8 1.1 < 0.1 < 0.001 0.18 28.4 > 200 78.5 90 0.011 1.0724.6 1 7.3 5.2 < 0.1 1.2 8.6 1.2 0.6 < 0.1 < 0.001 0.88 16.6 46.4 26.2 28.5 0.003 1.01

90.6 16.2 81 4.3 1.3 7.8 44.2 6.1 0.1 < 0.1 < 0.001 0.34 82.3 > 200 252 247 0.029 1.06936.7 9.7 70 87.7 0.5 16.4 126 22.1 3 < 0.1 0.002 0.39 104 > 200 388 381 0.045 1.045 < 540.5 10.9 74.3 3.9 0.4 13.1 90.8 14.1 1.5 < 0.1 0.002 1.2 39.6 > 200 142 153 0.018 1.04436.2 8.5 55.8 5.4 0.2 8.7 54.2 8.7 0.1 < 0.1 < 0.001 0.69 98.9 > 200 148 144 0.017 1.0386.3 1.6 11.3 2 0.1 1.8 10.7 1.5 0.4 < 0.1 < 0.001 0.67 16.3 51.6 23.4 17.6 0.002 1.068

10.7 1.8 9.1 5.8 1 1 6.1 0.8 0.3 < 0.1 0.003 0.87 28 51.5 4.7 3.6 < 0.001 1.0384.1 0.7 3.8 91.2 0.2 0.4 2.6 0.4 < 0.1 < 0.1 0.002 0.2 8.5 9 2.3 1.8 < 0.001 1.09

16.3 3 17.1 5.3 1.3 2.3 16.9 3 2.3 < 0.1 0.008 < 0.05 177 50.6 513 533 0.063 1.0659.3 1.8 10.5 288 0.6 1.2 7.4 1.1 < 0.1 < 0.1 0.004 0.17 5.5 6 5.8 3 < 0.001 1.0529.3 2.4 16.3 4.2 0.2 2.6 16 2.5 0.1 < 0.1 0.002 1.31 30 66.7 75.2 59.9 0.007 1.056

31.4 7.3 47.8 3.2 0.2 6.9 41.7 6.4 0.2 < 0.1 < 0.001 0.69 98.3 > 200 160 143 0.017 1.0537.6 1.6 9.6 2.6 0.2 1.2 7.6 1.1 < 0.1 < 0.1 0.002 1.1 48.5 93.5 56.5 44.3 0.005 1.0839.7 2.2 14.9 1.4 0.4 2.2 13.3 2 0.5 < 0.1 < 0.001 0.75 29.6 102 62.3 34 0.004 1.059.9 2.4 16 2.7 0.1 2.7 18 3 0.4 < 0.1 < 0.001 0.15 20.6 76.2 64.8 49.5 0.006 1.0477.5 2.1 14.3 1.9 0.1 2.3 14.1 2 0.6 < 0.1 0.004 0.98 19 14.7 22.5 20 0.002 1.047

19.9 5.1 34.7 1.9 0.2 5.7 34.1 4.8 0.1 < 0.1 < 0.001 1.13 26.6 106 62.9 46.7 0.006 1.039.8 2.1 13.4 2.6 0.2 2.8 21.4 3.7 0.1 < 0.1 < 0.001 0.6 56.4 69.4 34.9 27.9 0.003 1.0594.5 1.1 7.4 2.2 0.2 1 5.8 0.8 0.1 < 0.1 0.001 1.27 27.2 60 33.9 25.1 0.003 1.0098.2 1.9 12.3 1.6 0.2 1.9 11.9 1.9 < 0.1 < 0.1 < 0.001 0.42 36.4 157 54.4 62.8 0.007 1.075

11.7 2.9 20 7.7 0.5 4.7 36.1 6.8 0.6 < 0.1 < 0.001 0.64 40 144 105 88.9 0.01 1.01594.1 22.2 147 3.2 0.6 23.4 140 18.1 1.4 < 0.1 < 0.001 0.3 58.6 > 200 149 165 0.02 1.09263.9 15.1 101 2.5 0.8 16.7 99.5 14.5 0.1 < 0.1 < 0.001 0.45 56.7 > 200 148 163 0.019 1.05813.3 3.1 19.3 3.6 0.8 2.8 17 2.5 0.1 < 0.1 0.001 0.94 53 191 124 103 0.012 1.059

6 1.5 10 2 0.7 1.9 13.3 2.1 4 < 0.1 0.001 0.88 33.1 98.8 80.2 63.7 0.008 1.036 1.5 10 2.6 0.2 2.1 16.3 2.9 0.8 < 0.1 0.001 0.92 28.9 80.1 61.9 50.5 0.006 1.059

8.2 2.1 14.3 2.2 0.2 3.3 24.4 4.5 0.4 < 0.1 0.002 0.54 42.3 128 116 96.2 0.011 1.0733.1 0.6 3.2 1.9 0.2 0.5 3.6 0.6 0.1 < 0.1 < 0.001 0.49 9.6 44.8 13.1 9.7 0.001 1.005

56.8 6.5 28.3 2.4 1.3 1.8 9.7 1.3 0.3 < 0.1 0.002 0.11 51.5 > 200 15.8 12.7 0.001 1.078

Page 3 of 3

Report: A08‐5998 Final ReportActivation LaboratoriesReport Date: 10/3/2008

Analyte Symbol Au Li Na Mg Al K Ca Cd V Cr Mn Fe Hf Ni Er Be Ho Ag Cs CoUnit Symbol ppb ppm % % % % % ppm ppm ppm ppm % ppm ppm ppm ppm ppm ppm ppm ppmDetection Limit 5 0.5 0.001 0.01 0.01 0.01 0.01 0.1 1 0.5 1 0.01 0.1 0.5 0.1 0.1 0.1 0.05 0.05 0.1Analysis Method TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS50120 87 4.1 > 3.00 0.01 6.12 1.16 0.13 0.1 2 10.7 727 2.14 10.8 3.3 50.5 3.6 13.5 < 0.05 0.62 3.950121 34 3.5 0.433 0.17 6.45 2.14 0.32 < 0.1 74 14.3 245 11.2 5.8 3.7 9.5 1.4 2.9 7.52 1.64 2.250122 41 5.9 2.31 0.29 9.56 3.29 0.6 < 0.1 42 8.2 494 2.3 5.1 2.5 6.6 1.1 2.1 0.58 2.52 3.950123 11 10.7 0.284 0.4 9.68 3.53 0.08 < 0.1 22 20.4 305 3.13 5.7 3.7 8.4 2 2.7 0.09 3.84 2.850124 43 11.8 > 3.00 0.64 8.98 2.99 0.32 < 0.1 61 9.3 648 5.99 6.7 2.4 17.6 1.3 5.2 11.1 5.4 2.650125 78 2.9 0.345 0.21 6.08 2.33 0.31 < 0.1 55 13.2 209 8.31 4 3.1 21.8 1.9 6.8 27.8 1.19 15.350126 75 3.1 0.309 0.1 4.92 3.43 0.61 0.1 160 11 451 23.3 4.5 2.6 69.9 1.6 19.2 22.1 1.14 21.950701 206 3 1.86 0.04 4.91 1.37 0.15 0.1 4 10.1 171 1.85 15.9 1.3 19.3 2.8 5.2 < 0.05 0.75 0.750702 227 0.8 > 3.00 0.01 6.27 1.03 0.16 0.1 3 12.4 142 2.05 31.6 0.9 36.7 3.4 10.5 < 0.05 1.02 0.950703 48 11.9 1.37 0.32 6.44 1.28 0.47 0.1 28 32.2 288 1.32 1.8 8.5 3.1 1.8 1 0.12 2.02 450704 48 15.1 1.43 0.4 5.42 1.66 0.69 0.1 32 43 203 1.11 14.8 8.1 2.2 1.8 0.8 0.2 2.04 4.250705 38 3.1 2.17 0.11 7.08 2.12 0.47 < 0.1 122 5 329 11.2 3.2 1.5 16.5 0.5 5 0.31 1.13 1.650706 57 3.7 0.222 0.28 5.01 2.79 0.49 < 0.1 123 14.8 366 18.7 3.3 1.5 41.8 0.8 11.6 22.5 1.12 2.550707 79 10 > 3.00 0.51 9.22 0.8 0.51 0.1 62 10.7 872 6.41 8.1 2 9 3.9 3 0.31 4.79 3.350708 53 10.1 0.154 0.71 8.47 3.85 0.58 < 0.1 104 9 724 4.6 4.9 5.1 45.9 1.2 12.9 18.2 3.22 46.850709 48 3.2 1.56 0.22 8.54 2.18 0.14 < 0.1 55 5.6 175 5.72 5.1 1.2 12.2 1.6 3.7 18.4 1.46 2.850710 51 25 0.054 2.05 4.66 1.62 0.11 < 0.1 63 227 1390 6.57 3.5 57.1 6.2 1.3 1.9 12.4 14.1 14.350801 225 5.1 2.7 0.02 6.12 1.21 0.14 0.1 5 19.4 118 1.57 10.5 0.9 24.3 4.8 6.4 < 0.05 1.15 0.750802 87 7.1 > 3.00 0.13 > 10.0 3.14 0.12 < 0.1 56 12.2 110 8.34 8.2 0.7 8.4 7.8 2.7 0.05 1.44 0.650803 59 6.7 0.396 0.4 7.51 > 5.00 0.16 0.1 44 9.4 513 7.22 4.7 2.9 6.1 2.4 2 0.15 4.09 3.750804 76 1.7 2.05 0.07 5.89 1.8 0.06 < 0.1 79 8.3 129 11.3 9.5 1.3 7.5 4.3 2.3 1.61 1.26 1.150805 59 7.9 > 3.00 0.44 9.04 1.6 0.11 < 0.1 32 5 364 2.62 5.6 1.6 7.4 2.6 2.3 0.17 2.86 1.950806 77 8.1 > 3.00 0.28 8.91 0.89 0.43 < 0.1 45 5.6 251 1.68 5.2 3 7.1 2.5 2.3 > 100 2.85 6.149720 55 11.3 1.5 0.53 6.03 0.83 1.38 < 0.1 27 28.5 386 1.4 0.1 8.1 2.6 1.9 0.9 0.45 1.89 4.749721 51 6 0.338 0.36 7.14 3.24 0.74 < 0.1 57 8.5 586 9.89 5 2.8 17.9 1.3 5.1 1.55 3.26 3.449722 41 2.5 0.323 0.12 5.58 2.54 0.5 < 0.1 65 9.9 291 8.41 4.3 4.3 16.2 1.7 5 8.98 1.51 36.849723 66 7.3 0.266 0.6 5.24 3.2 0.08 < 0.1 84 11.6 805 15.7 7.4 4.9 87.1 1.4 24.3 16.9 6.26 8.149724 20 7.4 0.526 0.55 9.26 4.18 0.16 < 0.1 58 5.4 518 2.96 5.7 2.7 16.9 1.4 4.8 11.5 2.37 13.850007 298 1.4 2.46 0.01 4.87 1.08 0.09 1.2 2 9 616 2.96 68.4 0.8 94.2 2.5 26 0.39 0.84 1.550008 11 12.2 2.54 0.69 7.2 2.11 2.68 0.2 29 66.2 917 2.93 4 5.6 2.3 1.6 0.8 0.12 2.85 5.450009 70 15.8 0.198 0.43 2.66 1.28 5.41 0.8 86 44.2 931 4.48 14.2 21.6 4.6 2.7 1.6 0.3 1.34 9.750010 7 48.7 2.02 1.55 7.91 1.09 1.15 0.2 140 112 387 6.56 1.9 87.7 1.4 0.6 0.5 0.11 2.23 25.750011 5 10.7 0.845 1.19 6.49 0.71 2.85 0.3 41 40.3 604 2.6 0.3 20.5 3.4 2 1.2 < 0.05 1.86 10.850012 45 10.8 1.42 1.06 7.36 1.14 6.2 0.5 64 34.9 860 3.35 5.7 23.5 4.6 2.3 1.6 0.06 1.34 13.850013 17 8.5 1.05 0.67 6.14 0.63 3.51 0.4 42 28.8 554 1.93 0.7 18.4 3.8 1.9 1.3 0.07 1.48 8.750014 52 11 0.83 0.78 8.77 1.11 10.2 0.8 93 29 1200 4.22 5.5 25.1 5.8 2.9 2 0.1 1.55 13.450015 65 17.7 1.75 0.6 8.92 1.3 8.68 0.7 61 24.8 959 3.76 6 21.3 5.5 3 1.9 0.37 1.49 850016 52 46.5 0.081 3.32 9.33 1.35 9.28 1 98 40.1 2400 8.15 7.1 72.2 8 3.3 3 0.71 1.63 49.150017 38 4.4 0.205 0.4 4.4 1.21 5.56 0.6 31 31.7 643 1.93 6 10.4 3 1.4 1.2 5.58 2.23 7.550018 45 10.9 0.077 0.38 5.88 0.81 2.01 0.3 37 29.6 286 1.72 2.9 12.4 2.8 2.2 1 0.14 3.65 4.150019 54 2.2 2.98 0.1 8.75 2.61 0.31 < 0.1 74 6 288 6.7 3.5 1.4 5.6 0.7 1.8 0.41 1.35 0.850020 108 2.6 0.441 0.11 7.21 1.97 0.14 < 0.1 24 18.8 240 2.94 5.5 1.2 18 0.7 5.3 34.4 1.8 1.450021 47 4 > 3.00 0.32 8.89 3.18 0.68 0.1 89 6.3 561 6.91 4 2.9 6.3 1 2.1 1.15 1.66 2.850022 40 7.6 0.441 0.46 9.52 4.16 0.1 0.1 42 9.4 482 3.42 5 4.2 9.4 0.8 2.8 7 4.13 13.650023 26 2.2 2.64 0.14 8.76 4.12 0.18 0.1 44 8.2 158 3.18 4.5 3.9 9.8 1 3 0.29 1.22 450024 64 4.7 > 3.00 0.11 8.8 1.91 0.25 < 0.1 57 5 166 9.18 6.6 0.5 15.6 9.5 5.1 < 0.05 1.5 0.550025 51 5 > 3.00 0.24 > 10.0 0.73 0.32 < 0.1 16 4.8 278 2.71 5.6 1 10.8 7 3.4 18.6 1.77 1.850026 163 6.3 > 3.00 0.26 > 10.0 1.09 0.22 < 0.1 29 5.4 318 1.65 4.6 1.3 6.7 2 2.2 > 100 2.35 3

Page 1 of 8

Report: A08‐5998 Final ReportActivation LaboratoriesReport Date: 10/3/2008

Analyte Symbol Au Li Na Mg Al K Ca Cd V Cr Mn Fe Hf Ni Er Be Ho Ag Cs CoUnit Symbol ppb ppm % % % % % ppm ppm ppm ppm % ppm ppm ppm ppm ppm ppm ppm ppmDetection Limit 5 0.5 0.001 0.01 0.01 0.01 0.01 0.1 1 0.5 1 0.01 0.1 0.5 0.1 0.1 0.1 0.05 0.05 0.1Analysis Method TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS50120 87 4.1 > 3.00 0.01 6.12 1.16 0.13 0.1 2 10.7 727 2.14 10.8 3.3 50.5 3.6 13.5 < 0.05 0.62 3.949654 18 101 2.08 1.79 3.17 1.4 3.99 0.1 195 60.8 1340 7.72 < 0.1 37.2 3 2.7 1.2 0.87 6.71 35.1

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Report: A08‐5998 Final ReportActivation LaboratoriesReport Date: 10/


Eu Bi Se Zn Ga As Rb Y Sr Zr Nb Mo In Sn Sb Te Ba La Ce Prppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm0.05 0.02 0.1 0.2 0.1 0.1 0.2 0.1 0.2 1 0.1 0.1 0.1 1 0.1 0.1 1 0.1 0.1 0.1

TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS0.88 < 0.02 4.6 174 32.3 1.5 114 287 12.6 343 87.7 0.6 0.1 3 0.1 0.2 46 44.8 109 13.51.58 0.76 6.8 14.6 12.9 5.6 101 75.3 35.5 196 13.9 1.7 0.1 8 0.5 6.8 727 131 235 33.41.18 0.05 4.9 19.6 12.3 1.9 100 55.7 81.6 170 16.9 1.1 0.1 4 0.4 0.4 821 122 221 31.51.41 < 0.02 1.5 35.4 16.5 10.5 141 73.2 39.7 180 1.7 0.2 0.1 1 0.1 < 0.1 684 113 197 28.62.66 0.14 2.7 35.1 26.8 7.9 143 127 89.9 216 16.7 0.9 0.2 7 0.4 5.3 622 158 287 40.32.69 1.65 5.5 10.5 9.9 92.3 83.8 164 32.8 140 11.5 1.7 0.1 7 1 10.1 689 137 250 36.66.64 2.06 10.3 32.1 10.4 17.1 109 464 52.4 151 41.3 1 0.2 22 1.6 12.9 614 160 299 43.50.34 0.14 1.8 27.9 28.5 4.1 110 115 28.6 543 160 3.3 < 0.1 5 0.1 0.1 228 15.5 36.6 5.11.03 < 0.02 3.3 33 38.9 2.4 103 221 16.9 977 175 0.6 < 0.1 7 0.1 0.1 61 45 98 14.60.92 0.22 0.5 34.8 15.7 8.9 61.7 26.4 29.8 100 8.6 3.5 < 0.1 2 2.9 < 0.1 395 36.9 71.5 8.80.76 0.39 0.8 26.8 14.4 11.6 79.7 19.9 35.7 532 14.1 6.5 < 0.1 4 4.9 0.1 357 27.8 63 6.91.62 0.07 7.1 20.8 13.2 3 65.9 104 44.2 105 18.6 0.7 < 0.1 4 0.5 0.3 543 41.9 81.6 13.23.49 0.53 4.3 22.3 9.2 119 95.5 259 31 114 35.8 1.3 0.1 19 2.5 12.5 606 96.1 180 26.42.33 < 0.02 1.2 43.7 31.2 13.6 82.8 76.1 66.2 296 34.4 3.2 0.1 9 0.5 0.2 191 127 224 31.74.98 2.22 12 21.7 20.8 29.4 111 338 79.5 167 25.9 11.7 0.2 10 3.3 14 966 186 346 49.32.23 1.7 2.5 14.1 16 50.2 84.6 97.3 45.8 170 15.6 11.8 0.1 8 0.8 9.5 688 212 424 55.91.32 4.13 1.4 99 34.5 5.4 149 52.2 2.7 138 8 53.3 0.1 1 0.3 13.7 182 36.8 73.2 9.70.47 < 0.02 2 37.4 33.2 3.7 106 153 29.9 278 102 0.6 < 0.1 4 < 0.1 0.1 115 16.6 38.3 5.41.14 < 0.02 1 8.4 27.7 22.4 133 63.1 55 287 26.8 1.3 0.1 7 0.6 0.1 516 51.3 96 13.41.31 < 0.02 0.8 44.9 22.7 2.7 210 52.1 37.5 171 26.5 0.9 0.1 4 0.3 0.2 767 101 176 24.80.97 0.1 1.3 10.8 12.3 17 101 47.5 22.8 292 26.5 2.9 0.1 10 1 1.7 619 51.2 107 15.91.26 < 0.02 1 44.9 22.9 36 125 55.7 52.7 198 29.2 2.7 0.1 6 0.7 0.2 551 74.9 142 18.61.17 3.23 13 18.8 35 9.4 76.8 56.4 93.3 174 25.3 6310 0.1 3 0.4 71.3 93 63.7 121 160.91 0.77 0.9 38.2 14.4 8 47.8 23.4 49.4 14 6.7 128 < 0.1 1 2.4 8 367 33.3 67.9 8.31.76 1.57 2.5 36.6 19.4 3.1 135 126 37.1 159 24.9 48.3 0.1 4 0.7 3.9 825 71.6 130 18.72.67 1.7 6.3 10.3 11.4 6.4 91 126 34.1 156 14.1 11.5 0.2 12 0.7 7.3 697 178 337 48.46.72 13.7 14.8 64.1 33.8 7.7 157 558 26.3 239 55.3 156 0.1 6 1.5 14.8 592 39 88.5 14.91.83 2.55 3.1 23.7 20.3 32 137 122 49.2 184 9 19.3 0.1 7 1 7.9 967 67.6 138 20.62.42 1 7.8 308 32.2 6.1 105 540 15.9 2110 181 5.2 0.1 8 0.1 1 41 98.5 226 32.91.7 0.54 0.6 99.4 15.3 2.6 86.7 21.8 282 194 3.1 < 0.1 < 0.1 1 0.3 0.1 1040 59.6 100 13.9

1.52 0.95 0.7 36.6 26.8 5.4 25 32.9 440 625 25.7 6.1 0.1 6 3.3 0.7 409 20.9 45.7 6.40.82 0.23 0.6 94.7 19.7 19 54.2 12.6 61.5 83 1.2 1.6 0.1 < 1 < 0.1 0.3 454 16.1 28.4 41.15 0.12 0.7 48.4 16 0.9 41.3 31.5 171 23 2.3 1.1 0.1 1 0.2 0.3 337 53.5 90.7 12.81.5 0.2 0.7 53.1 19.6 0.3 52.9 43.9 356 249 11.9 1 0.1 3 0.9 0.2 305 61.9 92.1 15

1.13 < 0.02 0.5 32.7 14.4 < 0.1 36.5 35.7 178 47 4.6 0.8 < 0.1 1 0.4 0.2 301 50.1 78.6 11.71.75 0.05 0.7 37.9 25.8 3.1 51.2 54.1 513 281 12.1 0.5 0.1 4 1.4 < 0.1 373 57.2 97.1 142.04 0.14 0.8 28.2 23.1 4.4 59.7 53 485 327 11.1 0.5 0.1 3 2.1 0.1 352 45.4 80.4 11.23.99 0.63 1.7 146 31.7 0.3 50.5 71 613 424 13.7 0.6 0.1 4 2.6 0.1 383 45.5 93 13.81.49 0.62 0.8 27.1 8.3 45.3 55.2 33.8 85.2 369 9.3 11.8 < 0.1 2 11.5 0.1 1260 28.5 56.3 7.21.02 0.07 0.4 25 13.9 4.5 53.4 24.8 30.3 111 8.6 1.6 0.1 3 2 < 0.1 352 31.4 68.4 7.70.93 < 0.02 0.7 17.6 12.4 1.6 83.1 43.7 58.2 119 18.5 1 < 0.1 4 0.4 0.8 665 56.3 96.1 13.91.86 8.65 4.7 13.9 7.5 6.8 86.5 111 30.5 168 17.1 35.2 < 0.1 4 0.4 30.2 712 50 104 14.91.24 1.3 6.2 37.4 15.4 3 89.9 53.5 63.9 152 17.7 4.5 < 0.1 3 0.5 2.8 687 67.9 116 16.91.56 1.29 2.2 29.5 19.4 1.3 165 72.9 43.9 165 15.7 8.4 0.1 4 0.3 5.3 831 107 184 260.98 0.3 1.1 12.5 11.7 3.9 124 77.7 48.8 148 9.9 3 < 0.1 3 0.2 0.4 735 48.4 87.8 11.91.8 0.21 1.9 8.2 27.7 6.9 83.9 121 59.3 247 24.3 2.3 0.1 7 0.4 0.2 439 77.1 138 19.9

1.04 0.23 1.4 25.2 29.6 4.1 56.4 88.8 54.7 184 6.5 4.7 0.1 3 0.2 7.9 77 82.5 152 20.51.4 0.38 2.6 21.2 30.6 4.9 58.1 56.7 51.8 143 9.1 38.8 0.1 2 0.5 175 173 46 88.1 11.6

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Eu Bi Se Zn Ga As Rb Y Sr Zr Nb Mo In Sn Sb Te Ba La Ce Prppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm0.05 0.02 0.1 0.2 0.1 0.1 0.2 0.1 0.2 1 0.1 0.1 0.1 1 0.1 0.1 1 0.1 0.1 0.1

TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS0.88 < 0.02 4.6 174 32.3 1.5 114 287 12.6 343 87.7 0.6 0.1 3 0.1 0.2 46 44.8 109 13.53.67 0.07 0.9 166 24.9 < 0.1 103 16 977 32 0.1 0.4 0.1 1 0.1 < 0.1 1670 60.4 120 19.1

Page 4 of 8



Nd Sm Gd Tb Dy Cu Ge Tm Yb Lu Ta W Re Tl Pb Th U U U3O8 Mass U3O8ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm % g %

0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.001 0.05 0.5 0.1 0.1 0.1 0.001 0.005TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS DNC DNC DNC FUS-XRF

50.1 15.8 25.6 5.9 44.3 4.1 0.2 9.5 62.5 9.8 1.8 < 0.1 < 0.001 0.97 102 175 191 194 0.023 1.062109 17.7 13.5 1.9 11.7 14.3 0.4 1.6 11 1.6 0.2 12.3 0.001 1.11 667 32.1 3570 3630 0.428 1.0599.5 14.5 11.3 1.5 8.8 142 0.3 1.1 7.1 0.9 0.8 1.2 0.006 1 298 37 1380 1350 0.16 1.06792.4 15.6 13.5 2 11.6 2.1 0.3 1.3 8 1.1 < 0.1 < 0.1 0.002 1.78 145 33.8 644 644 0.076 1.04128 22.5 21.7 3.2 19.9 23.2 1.1 3.1 21.5 3.4 0.3 2.2 < 0.001 1.43 654 47.6 3870 4000 0.471 1.076125 26.8 26.2 4.5 27.8 99.1 0.9 3.8 25 3.4 0.3 2.3 0.002 0.96 1600 23.6 9470 8800 1.04 1.028157 41.9 53.3 9.8 69.1 183 0.8 12.9 94.9 14.1 0.5 49.8 0.01 0.79 4540 28.8 > 10000 > 10000 > 1.18 1.043 3.4819.4 6.2 9.6 2.2 16.9 4.8 0.2 3.7 27 4.7 3.6 3.3 0.011 0.96 78.8 > 200 336 338 0.04 1.02554.7 16 24.3 4.9 36.9 2 0.2 6.6 43.4 6.9 4.1 7.4 < 0.001 0.63 79.3 156 180 185 0.022 1.06528.7 5.2 5.1 0.7 4.4 60.8 0.7 0.5 2.8 0.4 0.4 1.7 0.004 0.69 31 28 161 157 0.018 1.049

23 4.2 4.1 0.6 3.3 103 0.1 0.4 2 0.2 0.7 4 0.002 0.81 47 40 160 166 0.02 1.08345.7 11.3 13.3 2.7 18.9 53.5 0.3 2.9 20 2.7 0.5 0.3 0.006 0.61 766 17.2 4130 4710 0.555 1.05290.9 23.4 29.1 5.6 40.2 9 0.8 7.6 57.3 8.5 0.3 18.7 0.008 0.81 2050 21.8 > 10000 > 10000 > 1.18 1.077 1.75104 19.2 18.1 2.4 13.4 41.6 0.7 1.5 10.2 1.5 1.3 2 0.002 0.93 342 41 1460 1430 0.169 1.078173 34.7 38.9 7 47.6 347 0.9 8.5 59.7 9.7 0.4 3 0.011 1.31 3030 27.8 > 10000 > 10000 > 1.18 1.09 2.66174 26.1 20 2.5 14.7 11.9 1.2 2 14.1 2.1 0.4 2.2 0.002 1.19 794 27.6 5190 5250 0.619 1.05231.1 6.2 6.5 1.1 7.4 1.7 0.5 1 6.9 1.1 0.3 0.7 0.012 2.14 918 26.3 5210 5590 0.659 1.0720.5 6.9 11.5 2.7 20.6 1.8 0.2 4.5 30.9 5.1 4.7 2.7 < 0.001 1.11 69.7 64 150 161 0.019 1.04744.1 9.4 10.2 1.8 11.1 0.6 0.5 1.5 9.8 1.4 1.4 12.7 0.001 0.65 198 51.8 800 789 0.093 1.0579.7 13.3 10.9 1.5 8.3 3.3 0.7 1 6.7 0.9 1 2.1 0.002 1.74 224 28.3 1140 1170 0.139 1.02251.9 9.7 8.7 1.5 9.5 4.7 0.3 1.2 7.4 1 1 14 0.005 1.05 264 21.9 1380 1400 0.166 1.03258.3 10.9 10 1.5 9 7.9 0.3 1.3 8 1 1 1.8 0.005 0.98 188 35.7 833 917 0.108 1.03850.6 10.4 9.7 1.6 9.7 31.1 0.4 1.2 8.5 1.3 0.3 2.7 0.791 0.69 457 31.5 1360 1400 0.166 1.05727.3 5.1 5 0.7 4 53.1 0.2 0.4 2.2 0.3 0.2 1.2 0.004 0.61 46.4 11.8 132 126 0.015 1.08561.8 13.9 15.7 2.8 18.6 27 0.8 3.3 23.1 3.4 0.9 14.9 0.006 1.49 663 24.4 3830 4160 0.491 1.08163 29.3 24.6 3.5 20.9 52.2 0.8 2.7 18 2.5 0.2 4.4 0.002 0.99 1360 23.1 6840 7200 0.849 1.05371.1 38.8 58.3 12.1 85.6 60 0.8 16.7 124 18.3 0.6 34.3 0.034 1.69 3320 36.2 > 10000 > 10000 > 1.18 1.062 2.5671.5 16.1 16 2.6 17.2 31.2 0.8 3.1 21.7 3.4 < 0.1 0.8 0.005 1.35 557 33.3 3810 3960 0.467 1.093122 37.1 57 12 87.6 1.7 0.6 17 115 19.1 3.8 0.5 0.017 0.86 121 > 200 297 314 0.037 1.02844.2 6.4 5.3 0.6 3.4 2.4 0.3 0.4 1.8 0.1 < 0.1 0.1 0.001 0.66 61 10 355 367 0.043 1.02221.9 5.1 6 1.1 6.7 89.2 0.4 0.7 4 0.5 1 3 0.004 0.51 635 15.4 536 703 0.083 1.04113.4 2.6 2.6 0.4 2.1 99.3 0.2 0.2 1.3 0.1 < 0.1 0.1 0.007 0.4 8.3 4.7 9 7.5 0.001 1.03339.7 6.2 5.8 0.8 4.7 21.1 0.4 0.5 3.1 0.4 0.1 < 0.1 0.004 0.5 61.7 13.2 114 112 0.013 1.04348.8 8.6 8 1.2 7 18.9 1.4 0.7 4.2 0.6 0.8 0.1 0.003 0.37 128 21.6 210 225 0.027 1.06337.7 6.2 6.2 0.9 5.5 21.2 0.3 0.6 3.4 0.5 0.3 < 0.1 0.003 0.43 126 10.8 173 186 0.022 1.06446.8 8.8 9.3 1.5 8.7 41.3 2 0.9 5.3 0.7 0.9 < 0.1 < 0.001 0.51 198 24.2 271 272 0.032 1.05638.2 8 8.8 1.4 8.2 77.7 1.5 0.9 4.9 0.7 0.8 0.4 0.003 0.43 516 20.8 690 704 0.083 1.07852.4 13.7 15 2.5 14.4 225 2.7 1.1 6.2 0.7 0.7 0.8 0.004 0.36 1010 20.3 749 783 0.092 1.01425.3 5.7 6.8 1 5.3 990 0.2 0.4 1.8 < 0.1 0.5 5.1 0.005 0.52 1980 15.2 6220 6660 0.786 1.02725.4 4.9 5.2 0.8 4.2 40 0.1 0.4 2.6 0.3 0.5 1.6 0.001 0.71 94.1 14.9 247 253 0.03 1.0343.2 7.9 7.5 1.2 7.1 4.1 0.2 0.9 6.1 0.8 0.9 0.1 0.003 0.73 314 18 1380 1420 0.168 1.052

53 15.6 17.5 3.1 20 90.7 0.3 3.2 22.5 3.2 0.5 0.5 0.002 1.29 759 23.5 3390 3650 0.43 1.04154.5 10.1 9.8 1.5 8.5 105 0.3 1.1 6.7 0.9 0.7 0.3 0.001 0.77 342 22.5 1420 1490 0.176 1.08882.2 13.7 12.2 1.8 10.6 233 0.5 1.6 10.6 1.6 0.6 1.7 0.005 1.81 559 28.1 2570 2770 0.327 1.04139.5 7.9 8.8 1.6 11.2 26.2 0.4 1.7 10.9 1.6 0.3 0.1 0.003 0.86 412 28.4 2290 2470 0.291 1.03267.6 15 17.3 3.1 20.3 0.9 0.5 2.6 16.4 2.4 1.1 18.5 0.004 0.51 195 33.9 1050 1100 0.129 1.041

63 11.3 12.8 2.1 13.2 71.5 0.6 1.7 11.7 1.9 0.1 2.1 0.006 0.29 117 43.5 481 471 0.056 1.06538.1 8.5 9 1.6 9.7 40 0.6 1.1 7.6 1.1 0.1 0.9 0.009 0.33 676 19.8 2540 2730 0.322 1.016

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Nd Sm Gd Tb Dy Cu Ge Tm Yb Lu Ta W Re Tl Pb Th U U U3O8 Mass U3O8ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm % g %

0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.001 0.05 0.5 0.1 0.1 0.1 0.001 0.005TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS TD-MS DNC DNC DNC FUS-XRF

50.1 15.8 25.6 5.9 44.3 4.1 0.2 9.5 62.5 9.8 1.8 < 0.1 < 0.001 0.97 102 175 191 194 0.023 1.06271.4 12.9 10.1 1.3 5.7 33.1 0.7 0.3 1.2 < 0.1 0.2 < 0.1 0.004 0.49 26.4 1.8 15.7 11.3 0.001 1.018

Page 6 of 8



Auppb

5FA-AA

< 5< 5

< 5

< 5

Page 7 of 8



Auppb

5FA-AA

Page 8 of 8


APPENDIX D

Bayswater/UCore 2008 Claims Map

52.5

kilometers0

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November 2008

Bayswater/UCore J.V. Claims

Makkovik River ProjectCentral Mineral Belt, Labrador

NAD27, Zone 20Produced by: DF

Scale 1:40,000 NTS 13J/11,12,14

Claims Location Map

MakkovikMakkovikMakkovikMakkovikMakkovikMakkovikMakkovikMakkovikMakkovik

PostvillePostvillePostvillePostvillePostvillePostvillePostvillePostvillePostville

52.5

kilometers

0

303030303030303030000000000 151515151515151515

kilometerskilometerskilometerskilometerskilometerskilometerskilometerskilometerskilometers

Bayswater/UCore Bayswater/UCore Bayswater/UCore Bayswater/UCore Bayswater/UCore Bayswater/UCore Bayswater/UCore Bayswater/UCore Bayswater/UCore J.V. ClaimsJ.V. ClaimsJ.V. ClaimsJ.V. ClaimsJ.V. ClaimsJ.V. ClaimsJ.V. ClaimsJ.V. ClaimsJ.V. Claims

Documents

SECOND YEAR ASSESSMENT REPORT ON THE