TECHNICAL REPORT ON THE LEMOYNE NORTH PROPERTYgq.mines.gouv.qc.ca/documents/EXAMINE/GM64245/GM64245.pdf · 2019-08-26 · quartz-carbonate vein deposits) 24 8.3 Archean:volcanogenic

GM 64245TECHNICAL REPORT ON THE LEMOYNE NORTH PROPERTY

http://gq.mines.gouv.qc.ca/documents/examine/GM64245

http://gq.mines.gouv.qc.ca/documents/sigeom/Licence.pdf

http://gq.mines.gouv.qc.ca/documents/sigeom/license.pdf

February 12, 2009

Prepared by:

Bruno Turcotte, M. Sc., P. Geo (OGQ no.453) InnovExplo - Consulting Firm Val-d'Or (Québec) E-mail: bruno.turcotte c(~.innovexplo:com

Carl Pelletier, B. Sc., P. Geo (OGQ no.384) InnovExplo - Consulting Firm Val-dpr (Québec) E-mail carl:pelletier(c~innovexplo.com

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p18ECTION DES TITRES abIéFS

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CA^'7fQrrfiation

InnovExplo — Consulting Firm, Mines & Exploration 560-B, 3rd Avenue, Val-d'Or,_Québec, Canada, J9P 1S4 Telephone: (819) 8740447 Facsimile: (819) 874-0379 Toll-free: 1-866-749-8140 Email`. [email protected] Web site: ,www.innovexplo.com

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NFX GOLD INC.

TECHNICAL REPORT ON THE LEMOYNE NORTH PROPERTY (not compliant with Regulation 43-101)

Proiect Location

James Bay Region

Province of Quebec, Canada

(NTS: 33G/06. 33G/07, 33G/10 and 33G/11)

(UTM 488,000mE, 5,928,000mN)

NAD 83 Zone 18

Prepared for

NFX GOLD INC, 55, Adelaide Street. East, Suite 410

Toronto, Ontario, Canada. M5C 1K6 Tel.: (416) 360-8006 Fax: (416) 361-1333 GM 6 4 2'4 5

TEAM www.innovexplo.com

TABLE OF CONTENTS

1.0 SUMMARY (Item 3) 4 2.0 INTRODUCTION AND TERMS OF REFERENCE (Item 4) 7 3.0. RELIANCE ON. OTHER EXPERTS (Item 5) 8 4.0 PROPERTY DESCRIPTION AND LOCATION (Item 6) 9

4.1 Location 9 4.2 Claim Status ' 9 4.3 Environment 9

5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY (Item 7) 12

6.0 HISTORY (Item 8) 14 7.0 GEOLOGICAL SETTING (Item 9) " 18

7.1 The Archean Superior Province , 18 7.2 Local Geological Setting 20

8.0 DEPOSIT TYPES (Item 10) 22 8.1 - Stratabound gold occurrences associated with oxide-facies or silicate-oxide-facies

iron formations (Au-Ag-As) 22. 8.2 Orogenic gold occurrences related to longitudinal shear zones (greenstone-hosted

quartz-carbonate vein deposits) 24 8.3 Archean:volcanogenic massive sulphide (VMS) deposit 26 8.4 Algoma-type oxide facies and sulphide facies iron formation 29 8.5 Magmatic Cu-Ni±PGE 29

9.0 MINERALIZATION (Item 11) 31 10.0 EXPLORATION (Item .12) 33 11.0 DRILLING (Item 13) 33 12.0 SAMPLING METHOD AND APPROACH (Item 14) 34 13.0 SAMPLE PREPARATION; ANALYSES AND SECURITY (Item15) 34 14.0. DATA VERIFICATION (Item 16) 34 15.0 ADJACENT PROPERTIES (Item 17), 34 16.0 MINERAL PROCESSING AND METALLURGICAL TESTING (Item 18) 34 17:0 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES (Item 19) 34 18.0 OTHER RELEVANT DATA AND INFORMATION (Item 20) 34 19.0 INTERPRETATION AND CONCLUSIONS (Item 21) 35 20.0 RECOMMENDATIONS (Item 22) 36 21.0 REFERENCES (Item 23) 38 22.0 SIGNATURE PAGE (Item 24) 43

LIST OF FIGURES

Figure 4.1 - Location of the Lemoyne North property in the province of Quebec 10 Figure 4.2 - Claim Map for the Lemoyne North property 11 Figure.7.1 Mosaic map of the Superior Province showing the-major tectonic elements 19

NFX Gold Inc. - Lemoyne North Property - Technical Report (43-101 noncompliant)

RI] IwEXpIO www.innovexplo.com

Figure 7.2 — Geology of the Lemoyne North property area 21 Figure 8.1 - The two main types of gold deposits hosted by iron formations. F 23 Figure 8.2 - Inferred crustal levels of gold deposition showing the different types of lode gold

deposits and the inferred deposit clan 24 Figure 8.3 — Schematic diagram illustrating the setting of a greenstone-hosted quartz-

' carbonate vein deposit 25 Figure 8.4 — Schematic of a classic cross-section of a VMS deposit. F 27 Figure 8.5 — Main tectonic setting in which VMS deposits are formed 28 Figure 8.6 — Graphic representation of a bimodal mafic-dominated VMS deposit. F 28 Figure 9.1 - Location of known showings on the Lemoyne North property 32

LIST OF TABLES

Table 6.1 — Review of the exploration work history on the Lemoyne North property 16 Table 20.1 — Phase 1 exploration program 36 Table 20.2 — Phase 2 exploration program 37

LIST OF APPENDICES

APPENDIX I UNITS, CONVERSION FACTORS, ABBREVIATIONS 44

APPENDIX II DETAILED LIST OF MINING TITLES 46.

NFX Gold, Inc. - Lemoyne North Property,— Technical Report. (43-101 noncompliant) 3

Mn®gExplo www.innovexplo.com •

1.0 SUMMARY (Item 3)

InnovExplo Incorporated ("InnovExplo") was mandated in May 2008 by Thomas Larsen, President of NFX Gold Inc. ("NFX Gold" or "the Issuer"), to complete an evaluation of the project and a Technical Report ("the report") in compliance with Regulation 43-101 and Form 43-101F1 on the Lemoyne North property ("the property") situated in the James Bay area, Quebec, Canada. The issuer, NFX Gold Inc., is a Canadian mining exploration company and is listed on the TSX Venture Exchange under the symbol NFX. InnovExplo is an independent consulting firm in mines and exploration based in Val-d'Or (Quebec). In October 2008, the report was nearly complete: only a site visit and a core review were needed to finalize it in compliance with Regulation 43-101. Bernard Boily, Vice-President of Exploration for NFX, asked InnovExplo to complete the report without performing these two (2) tasks. This report is therefore not considered compliant with Regulation 43-101.

The report was originally prepared with the purpose of transferring a gold exploration property belonging to Eloro Resources Ltd to its wholly-owned subsidiary, NFX Gold Inc. ("NFX Gold").

The main author, Bruno Turcotte, M.Sc. P.Geo. (OGQ no.453), prepared the report after reviewing the available data from previous surveys and all other information judged relevant, suitable and reliable. The report was prepared under the supervision of Carl Pelletier, B.Sc. P.Geo. (OGQ no.384). The authors, Bruno Turcotte, M.Sc. P.Geo., and Carl Pelletier, B.Sc. P.Geo., are Qualified and Independent Persons as defined by. Regulation 43-101. Technical support was provided by Marcel Naud and computer editing by Therese Vincent, both of InnovExplo. Linguistic editing was provided by Venetia Bodycomb of Vee Geoservices.

The Lemoyne North property is :located approximately 900 kilometres north-northwest of Montreal, Quebec, in NTS map sheets 33G/06, 33G/07, 33G/10 and 33G/11. The project is located approximately 450 km northeast of the town of Matagami and 170 km east of the town of Radisson, Quebec. The approximate geographic centre of the study area is at longitude 488000E and latitude 5928000N (UTM coordinates, NAD83, Zone 18).

• Claim status was supplied by. Martin Bourgoin, former Vice-Président of Exploration for NFX Gold Inc., and verified using GESTIM, the Québec Government Claims Management System from the Ministère des Ressources Naturelles, de la Faune et des Pares, accessible through the Internet at the following address: http://gestim.mines.gouv.ac.ca. The Lemoyne North. property is owned by Eloro Resources Ltd and represents an area of 6,251.87 hectares. In GESTIM, one hundred and twenty-two (122) designated cells are: registered 100% to Eloro Resources Ltd. A detailed list of mining titles, ownership and expiration dates is provided in Appendix II. The mining claims are contiguous. InnovExplo can further confirm that as of May 2008, there were no liens, charges or encumbrances registered to the land titles, and all lands are in good standing under the Mining Rights of Quebec.

Minor exploration restrictions are specified for some areas of the property on the GESTIM map. These constraints are related to hydroelectric development of the La Grande 3 reservoir by Hydro-Québec (order 241-86 effective since March 26, 1986). Hydro-Québec has reserved land in the event that the La Grande 3 reservoir area is developed and used to generate hydro-electric power. Mining exploration is still allowed at this time (albeit according to specific conditions) because Hydro-Québec has yet to announce the development of the La Grande 3 reservoir area. •

NFX Gold Inc. — Lemoyne North Property —,Technical Report (43-101 noncompliant) 4

)qt onne Explo www.innovexplo.com

The Lemoyne North property is located in the Guyer lake area of the Archean Superior Province. The Lemoyne North property lies in the La Grande River watershed. The La Grande Subprovince, (Figs. 7.1 and 7.2), defined as a volcano-plutonic assemblage (Card and ''Ciesielski,, 1986), is characterized by narrow, sinuous and partly interconnected greenstone belts surrounded and intruded by voluminous granitoid rocks (Card, 1990). Structural trends are predominantly east-west to southeast-northwest. The greenstone belts of the La Grande River have a lower sequence of basalt-rhyolite cycles and komatiites overlain by differentiated calc-alkalic and tholeiitic volcanics and sediments. A sequence of relatively mature quartz pebble conglomerate, quartz arenitè, carbonate, ironstone, and greywacke with mafic-ultramafic flows, tuff's and intrusions is also present (Roscoe and Donaldson, 1988). In; the west, the Mesoarchean basement (3.33 — 2.69 Ga) is unconformably overlain by the clastic Apple Formation, which hosts uranium-gold occurrences (Roscoe and Donaldson, 1988), and 2.75-2.73 Ga volcanic strata (Goutier and Dion, 2004). Older strata are present in the Guyer-LG4 sector, including komatiites and related 2.82 Ga sills, which contain copper and massive sulphide mineralization (Percival, 2007). Juvenile volcanic rocks (2.75-2.70 Ga) of the Eastmain sector are characterized by porphyry and other magmatic mineralization. The setting •of the La Grande rocks is very :different from the one observed further south in the Abitibi Subprovince, which contains a much better developed volcano-sedimentary sequence and is devoid of a tonalitic basement (Dion et al. 2003):

The -Lemoyne North property is 'located north of the contact between the La Grande and Opinaca subprovinces in the Guyer Lake area. This area is characterized by an Archean sequence comprising a tonalitic basement, several volcano-sedimentary sequences and a series of ultramafic to felsic intrusions (Dion et al., 2003): Proterozoic gabbro dykes and quartz arenite basins (Sakami Formation) are also present. The property mainly covers the Guyer Group, which represents a sequence of amphibolites (basalt), quartzo-feldspathic gneiss; (intermediary volcanics), iron formations, 'wackes, felsic tuffs, komatiites, and ultramafic wackes (Goutier et al., 2002). At the bottom of the sequence, the volcanic rocks are r banded amphibolites suggesting a strong shear at the base of this sequence. A strong shear zone (1 metre wide) separates the Guyer Group rocks (La Grande Subprovince) and the Laguiche paragneiss (Opinaca Subprovince).

The Lemoyne North property is'at an early stage of exploration (grassroots ,stage). A review of the assessment reports and other available data for the property reveals that many characteristics of the area underscore a good potential for lode-gold and volcanogenic massive sulphide (VMS) deposits.

It seems clear that there is a potential to make a new gold discovery on the property. The_ past discoveries of many gold showings by Boreale Exploration Inc. indicate the good potential of the property.

Although exploration mainly focused on the discovery of gold showings, there is also excellent potential to discover VMS deposits on the property. Many important factors were obsenied that support this idea. The Lemoyne North property includes a sequence., of bimodal volcanic rocks, and synvolcanic alteration was probably reported as much in volcanic felsic rocks as in volcanic mafic rocks. The presence of sericite schists in felsic volcanic rocks over many kilometres is similar to the Doyon/Bousquet mining camp. The discovery of numerous Zn-Cu-

' Ag-Au showings and the presence of several induced polarization anomalies on the property accentuate the potential for the discovery of a VMS deposit.

NFX Gold Inc. — Lêmoyne North Property L Technical Report (43-101 noncompliant) 5

~ ûmmExplo www.innovexplo.com

Furthermore, there is also good potential for stratabound gold occurrences associated with oxide-facies or silicate-oxide-facies iron formation deposits (Au-Ag-As), Algoma-type oxide-facies and sulphide-facies iron formation deposits, and magmatic Cu-Ni±PGE deposits. Emphasis should be given to these three models during future exploration work on the property.

InnovExplo recommends a major exploration program on the Lemoyne North property. InnovExplo declares that the character of the property is of sufficient merit to justify the proposed program. •

The proposed exploration program is divided into two (2) phases. The second phase is conditional on the success and quality of targets generated during the first phase. Phase 1 is estimated at $243,800 and Phase 2 at $1,246,600, for a grand total of $1,489,600..

The recommended program is described below. Detailed budgets are presented in Tables 20.1 and 20.2.

For Phase 1 of the program, InnovExplo recommends:,

• A detailed compilation of geoscience data (GIS);

The creation of a Gemcom drill hole database for previously drilled areas (with generation of cross-sections, plan views and longitudinal views if required);

Airborne geophysical surveying, including magnetic and time-domain electromagnetic components (MëgaTEM, VTEM or equivalent method) and an optional radiometric component, using real-time GPS localization and flight lines spaced at 150 m for a total of 1,500 line-km;

• Geochemistry, geophysical and geological studies, including interpretation, target generation, recommendations and reporting.

Phase 2 consists of a provision of 5,000 m of drilling for follow-up work on results generated by Phase 1.

NFX Gold Inc. - Lemoyne North Property — Technical Report (43-101 noncompliant)

innagExplo www.innovexplo.com

2.0 INTRODUCTION AND TERMS OF REFERENCE (Item 4)

InnovExplo Incorporated ("InnovExplo") was mandated in May 2008 by Thomas Larsen, President of NFX Gold Inc. ("NFX Gold" or "the Issuer"), to complete an evaluation of the project and a Technical Report ("the report"), in compliance with Regulation 43-101 and Form 43-101F1 on the Lemoyne North property ("the property") situated in the James Bay area, Quebec, Canada. The issuer, NFX Gold Inc., is a.Canadian mining exploration company and is listed on the TSX' Venture Exchange under the symbol NFX. InnovExplo is an independent consulting firm in mines and exploration based in Val-d'Or (Québeç). In October 2008, the report was nearly complete: only a site visit and a core review were needed to finalize it in compliance with Regulation 43-101. Bernard Boily, Vice-President of Exploration for ,NFX, asked InnovExplo to complete the report without performing 'these two (2) tasks. This report is therefore not considered compliant with Regulation 43-101.

The issuer, NFX Gold Inc, is a Canadian mining exploration company and is listed on the TSX Venture Exchange under the symbol NFX: InnovExplo is an independent consulting firm in mines and exploration based in Val-d'Or (Quebec).

The report was originally prepared with the purpose of transferring a gold exploration property , , belonging to Elora Resources Ltd to its wholly-owned subsidiary, NFX Gold Inc. ("NFX Gold").

InnovExplo has reviewed the data provided by the issuer and/or by its agents. InnovExplo has also reviewed other sources of information, such as the government database for assessment work and status of mining titles.

The main author, Bruno Turcotte, M.Sc. P.Geo. (OGQ no.453), prepared the report after reviewing the available data from previous surveys and all other information judged relevant, suitable and reliable. The report was prepared under the supervision of Carl Pelletier, B.Sc. P.Geo..(OGQ no.384). The authors, Bruno Turcotte, M.Sc. P.Geo., and Carl Pelletier, B.Sc. P.Geo., are Qualified and Independent Persons as defined, by Regulation 43-101. Technical support was provided by Marcel Naud and computer editing by Therese Vincent, both of InnovExplo. Linguistic editing was provided by Venetia Bodycomb of.Vee Geoservices.

The authors have a good knowledge of mineral deposit exploration models in Archean; and Proterozoic terranes.

InnovExplo has conducted a review and appraisal of the information used in the preparation of the present report and is of the opinion that the conclusions and recommendations herein are valid and appropriate considering the status of the project. The authors havefully researched and documented the conclusions and recommendations submitted in this report.

NFX Gold Inc: Lemoyne North Property — Technical Report (43-101 noncompliant)

vi olxplo www.innovexplo.com

'3.0 RELIANCE ON OTHER EXPERTS (Item 5)

The ,authors, Qualified and Independent Persons as defined by . Regulation 43-101, were mandated by the issuer to study technical documentation, to visit the property and to recommend a work program if warranted. The authors reviewed the mining titles, their status agreements and other technical data supplied to them by the Issuer (or its agents) and other public technical information sources.

The documentation for the mining titles and the present status of the. Lemoyne North property titles were supplied by Martin Bourgoin, former Vice-President Exploration of N,FX Gold Inc. InnovExplo is not qualified to express legal opinion with respect to the property titles and current ownership and possible encumbrance. status.

Many geological and technical reports on the property, were prepared before the implementation of National Instrument 43-101 in 2001 and Regulation 43-101 in 2005. The authors of such reports appear to be qualified and the information prepared according to standards acceptable to the mining exploration community at the time. However, the data is incomplete in some cases and does not fully meet the present requirements of Regulation 43-101-. Therefore., the authors cannot take responsibility for the information provided from such sources, although they have no reason to infer that the information used in the preparation of the report is invalid or contains misrepresentations.

The authors believe the information used to prepare this report and to formulate its conclusions and recommendations is valid and appropriate considering the status of the project and the purpose for which the report is prepared. The technical data were judged appropriate for producing a reasonable progressive economic mineral evaluation of the project.

NFX Gold Inc. - Lemoyne North Property Technical Report (43-101 noncompliant)

-nnmExplo www.innovexplo.com

4.0 PROPERTY DESCRIPTION AND LOCATION (Item 6)

4.1 Location

The Lemoyne North property is located approximately 900 kilometres north-northwest of Montreal, Quebec, in NTS map sheets 33G/06, 33G/07, 33G/10 and 33G/1.1. The project is located approximately 450 km northeast of the town of Mataga'mi and 170 km east of, the town of Radisson, Quebec (Fig. 4.1). The approximate geographic centre of the study area is at longitude 488000E and latitude 5928000N (UTM coordinates, NAD83, Zone 18).

4.2 Claim Status ,

Claim status was supplied by Martin Bourgoin, former Vice-President Exploration for NFX Gold'. Inc., and verified using GESTIM, the Québec Government Claims Management System from the Ministère des Ressources Naturelles, de la Faune et des Pares, accessible through the Internet at the following address: http://aestim.mines.gouv.ac.ca.

The Lemoyne North property is owned by Eloro Resources Ltd and represents an area of. 6,251.87 hectares. In GESTIM, one hundred and twenty-two (122) 'designated cells are registered .100% to Eloro Resources Ltd. A detailed list of mining titles, ownership and expiration dates is provided in Appendix II.

The mining claims are contiguous. InnovExplo can further confirm that as of May 2008, there were no liens, charges or encumbrances registered to the land titles, and all lands are in good standing under the Mining Rights of Quebec. .

4:3 Environment

Minor exploration restrictions are specified for some areas of the property on the GESTIM map. These constraints are related to hydroelectric development of the La Grande 3 reservoir by Hydro-Québec (order 241-86 effective since March 26, 1986). Hydro-Québec has reserved land in the event that the La Grande 3 reservoir area is developed and used to generate hydro-electric power. Mining exploration is still allowed at this time (albeit according to specific conditions) because Hydro-Quebec has yet to announce the development of the La Grande 3 reservoir area.

NFX Gold Inc. — Lemoyne North Property — Technical Report (43-1011 noncompliant)

Lemoyne North Project Location Map

Explo www.innovexplo.com

Figure 4.1 — Location of the Lemoyne North property in the province of Quebec

NFX Gold Inc. — Lemoyne North Property — Technical Report (43-101 noncompliant) 10


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5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY (Item 7)

The Lemoyne North property is easily accessible from Val-d'Or by travelling north on a paved provincial highway for 250 kilometres to the mining town of Matagami and following the paved James Bay road for 545 kilometre_ s to the Radisson junction. From there, an all-season gravel road (Trans-Taiga) extends east for 170 kilometres to the Guyer. Lake segtor,rAlternatively, helicopters are available from Radisson located approximately 160 kilometres west-northwest of the property. Scheduled flights are offered from Montreal, Val-d'Or and Radisson.

The property lies within Hydro-Québec's James Bay hydroelectric'development areéand there is a major power line located within the property. There is an abundant water supply for processing. Water can be sourced from rivers and lakes.

The Lemoyne North property is located approximately 105 kilometres northwest of,the Éléonore gold deposit owned by Goldcorp Inc. Goldcorp is expecting to build a new gold mine and milling facility in the coming years.

The region includes sévérai lakes and rivers. The landscape consists in rolling hills with only a few reaching the maximum elevation of 250 metres above sea level. The area is drained by Guyer Lake, itself part of the LG3 reservoir (La Grande River). Vegetation is typical of taiga, including areas covered by sparse boreal forest and others devoid of trees. The boreal forest consists mainly of spruce trees with local poplar and alder stands. In some areas, outcrops are absent due to the abundance of quaternary cover and swamps.

The climate is typical of Northern Canada with an average summer temperature ranging from 10 to 25 °C during the day, and 5 to 15 °C at night, from June to September. Winters can be cold with temperatures ranging from -60 to +10 °C. Precipitation varies during the year, reaching an average of 2 metres annually. Snow normally covers the property from November through to May, and. Sakami Lake is frozen from January to April with sufficient ice thickness in most places to allow for diamond drilling and geophysical programs. Prospecting, geological surveying and other exploration methods can be conducted during the four- to five-month summer season.

NFX Gold Inc. — Lemoyne. North Property - Technical Report (43-101 noncompliant) 12

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~ rb

Lemoyne North Property Accessibility and Topography

Ni COLD INC. Projection: UTI,1 NAD83 Zone 18

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Figure 5.1. - Accessibility and topography for the Lemoyne North property


13

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6.0 HISTORY (Item 8)

Geological, geochemical, geophysical and other types of exploration work have been conducted in the Lemoyne North property area. These activities are summarized in Table 6.1. From 1940 to 1950, geological mapping at a scale of 1:506,880 was performed in the property area and reports with geological maps issued by the Geological Survey of Canada in 1957 (Eade et al., 1957) and 1966 (Eade, 1966). Two geological reports with maps of the Guyer Lake aréa were prepared by K. N. M. Sharma and issued by the Quebec Department of Natural Resources in 1976 and 1977. The geological work for these reports was conducted from 1960 to 1970, before the flooding of the La Grande River area. Dubé et al. (1976) published a geological map at a scale of 1:250,000 (Frigate Lake sheet). This geological map covers the Lemoyne North property.

- Tyrone Mines Ltd carried out the first exploration work in the Lemoyne North area between 1959 and 1961. Tyrone Mines Ltd performed airborne electromagnetic and magnetic surveys and a geological survey in the area of Guyer Lake.

In 1972, Noranda Exploration Ltd conducted preliminary geological work in the Guyer lake area. An airborne electromagnetic survey followed. Thirty-one (31) anomalies were visited in the field in 1973 (GM 29949). Line-cutting and . ground geophysics (magnetic and electromagnetic surveys) were performed for each anomaly. Some preliminary geological maps were drawn up for these anomalies areas.

In 1973 and 1974, SDBJ carried out a lake sediment geochemical survey over a large region of the James Bay territory. The regional distribution of Cu, Pb, Zn, Ni, Co and As in lake sediments suggested a possible economic significance for the greenstone belts at the west end of Guyer Lake (GM 34085).

An airborne geophysical program was performed by Groupe Minier SES in the Guyer lake area. It was a combined radiometric, electromagnetic and magnetic survey. The project began in 1973 and was extended into 1974 and 1975. Many geophysical anomalies were followed up in the field. Lake sediment geochemical surveys, geological surveys and prospecting were also carried out. In 1976, twenty-three (23) diamond drill holes were drilled in the area of Guyer Lake (GM 34120). Ten (10) of these holes were located on the Lemoyne North property. No significant results were obtained for these holes.

After Phelps Dodge completed a compilation of the La Grande and adjoining regions, the Guyer Lake area 'was visited during summer 1995 (GM 55392). Phelps Dodge also carried out reconnaissance mapping and lithoge.ological surveying in the James Bay area. The target mineralization types for this region included Lupin-style Au, komatiite-hosted Cu-Ni; and VMS. It was believed that the Guyer Lake area covered favourable geology for hosting precious and base metal deposits. In 1996, helicopter-borne multi-sensor (electromagnetic-magnetic-VLF-EM) surveys took place in the Guyer Lake area (GM 54133). Prospecting and geological sampling were done on some anomalies, but no significant results were obtained (GM 56869). .


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In May of 1998, Virginia Mines and Boreale Exploration conducted a combined helicopter-borne magnetic and electromagnetic survey in the area of Guyer Lake (GM 56044). During the summer of 1998, a reconnaissance mapping program was carried out to explain the anomalies detected by the helicopter-borne survey (GM 56161, GM 56197)). This, exploration work led to the discovery of many showings of gold and base metals. In the fall of 1998, a ground induced polarization survey was completed on the property (GM 56456). During the summer of 1999, the companies conducted a ground induced polarization and magnetic survey, prospecting and field follow-up work on the geophysical anomalies (GM 57205; GM 57206; GM 57322). Fifteen (15) trenches were excavated over the induced polarization anomalies. No significant results were obtained during the summer of 1999.

In the fall of 2005, Eloro Resources Ltd carried out reconnaissance mapping and a lithogeological survey on the property to verify the. locations of the historical showings. In spring of 2006, Eloro Resources Ltd conducted a diamond drilling program on the Lemoyne North property. Twenty-four (24) diamond drill holes, totalling 2171 metres, were drilled mainly on the Bertha, Arseno-1, Arseno-2 and Sericité Schist showings (GM 62893). Only one diamond drill holé reported a significant result. A sample assayed 1.36 g/t Au over 0.75 metres in diamond drill hole LN-06-16. This intersection was obtained on the Arseno-2 showing. ,

In the fall of 2006, Gestion IAMGOLD-Québec Inc. carried out a till sampling survey, prospecting and reconnaissance mapping on the property (GM 63089). Gestion IAMGOLD-Québec Inc. reviewed the core obtained by the diamond drilling in spring of 2006. A geophysical compilation of all previous geophysical work was carried out. No significant results were obtained.

NFX Gold Inc. — Lemoyne North Property— Technical Report (43-101 noncompliant) 15

itivi zExpto www.innovexplo.com

Table 6.1 — Review of the exploration work history on the Lemoyne North property Year Company Work description Results Assessment work

1959- 1961. Tyrone Mines Ltd

Airborne electromagnetic and magnetic surveys__ GM _No

Geological. survey significant results

10515

GM 11040

1972 1973

Noranda:Exploration Ltd

Airborne electromagnetic, magnetic, and radiometric surveys; detailed geological mapping

Ground magnetic survey

Ground electromagnetic rvey su

Diamond drilling outside the property

Several anomalies GM 29949; GM

50005

1973- 1974

SDBJ Lake sediment geochemical surveys

Possible economic significance for base

metals in the greenstone belts-west

of Guyer Lake

GM 34044; GM 34045; GM 34046;

GM 34047; GM 34084; GM 34085;

1973- 1975

Groûpe ,Minier SES

Airborne electromagnetic, magnetic, and radiometric surveys, lake sediment geochemical surveys, evaluation of the potential of iron formations, .

prospecting, geological surveys, diamond drilling

No significant results,

GM 34089; GM 34101; GM 34116,

GM 34117; GM 34118; GM 34119;

GM 34120; GM 34125; GM 34128;

GM 34129; GM 50002; GM 50018;

GM 50026

1995- 1996

Phelps Dodge Corporation of Canada Helicopter-borne multi-sensor survey

~ (electromagnetic-magnetic-VLF-EM), geological survey, prospecting, sampling

Some anomalies GM 55392; GM 56869; GM 54133 ..

1998 Virginia Gold Mines Inc. and

Boreal Exploration Inc. Combined helicopter-borne magnetic and

electromagnetic survey Some anomalies GM 56044


Boreal Exploration Inc. Prospecting, till sampling, rock sampling

Discovery of many showings of gold and

base metals

GM 56161; GM 56197


Boreal Exploration Inc. Ground magnetic and IP surveys Some anomalies GM 56456

1999 Virginia Gold Mines Inc. Geological compilation, geological survey,

prospecting, trenching, rock sampling. No significant results GM 57205

1999 Virginia Gold Mines Inc. Ground magnetic and IP surveys Some anomalies GM 57206


16

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Year Company Work description : Results Assessment work


Boreal Exploration Inc.

Arseno-2 showing: 1.41 Prospecting, geological survey, trenching, channel g/t Au over 1 metre

sampling New Showing: 1.68 g/t Au

GM 57322

2005 Eloro Resources Ltd Location of the Reconnaissance mapping and lithogeological survey historical showings

•

GM 62640

2006 Eloro Resources Ltd 24 DDH totalling 2,171 metres 1.36 g/t Au over 0.75 m, and 200 g/t Ag over 1 m GM 62893

2006 Gestion IAMGOLD-Québec Inc. and

Eloro Resources Ltd Prospecting, till sampling No significant results GM 63089

2007 NFX Gold Inc. 5 DDH totalling 1,975 metres No significant results Cloutier, 2008

Note: assay values were cut at 34.25 g/t Au

~

NFX Gold Inc. — Lemoyne North Property — Technical Report (43-101 nonçompliant)

17

rit 11 lie v Explo www.innovexplo.com

7.0 GEOLOGICAL SETTING (Item 9)

7.1 The Archean Superior Province

The Archean Superior Craton forms the core of the North American continent and is surrounded and truncated on all sides by Proterozoic orogens, the collisional zones along which elements of the Precambrian Canadian Shield were amalgamated (Hoffman, 1988, 1989). The Superior Province is the 2 x 106 km2 region- of this craton which is free of significant post-Archean cover rocks and deformation (Card and Poulsen, 1998). Tectonic stability has prevailed since ca. 2.6 Ga in 'large parts of the Superior Province (Percival, 2007). The rocks of the Superior Province are mainly Meso- and Neoarchean in age and have been significantly affected by post-Archean deformation only along boundaries with the Proterozoic orogens such as the Trans-Hudson and Grenville, and along major internal fault zones, such as the Kapuskasing structural zone; the rest of the Sùperior Province has remained stable since the end of the Archean (Goodwin et al., 1972).

Proterozoic and younger activity is limited to rifting of the margins, emplacement of numerous mafic dyke swarms (Buchan and Ernst, 2004), compressional reactivation, and large scale rotation at ca. 1.9 Ga, and failed rifting at ca 1.1 Ga. With the exception of the northwestern and northeastern Superior margins that were pervasively deformed and metamorphosed at 1.9 to • 1.8 Ga, the craton has escaped ductile deformation. A first-order feature of the Superior Province is its linear subprovinces of distinctive lithological and structural character, accentuated by subparallel boundary faults (e. g., Card and Ciesielski, 1986). Trends are generally east-west in the south, west-northwest in the northwest, and northwest in the northeastern Superior (Fig: 7.1): The southern Superior Province (to latitude 52oN) is a major source Of mineral wealth. Owing to its potential for base metals, gold and other commodities, the Superior Province continues to attract mineral exploration in both established and frontier regions.

The Lemoyne North property lies in the La Grande River watershed. The La Grande Subprovince (Figs. 7.1.. and 7.2), defined as 'a volcano-plutonic assemblage (Card and Ciesielski; 1986), is characterized by narrow, sinuous, and partly interconnected greenstone belts surrounded and intruded by voluminous granitoid rocks (Card, 1990). Structural trends

,are predominantly east' to southeast. The greenstone belts of the La Grande River have a lower sequence of basalt-rhyolite cycles and komatiites overlain by differentiated calc-alkalic and tholeiitic volcanic rocks and sediments. A sequence of relatively mature quartz' pebble conglomerate, quartz arenite, carbonate, ironstone and greywacke with mafic-ultrarrmafic flows, tuffs and intrusions is also present (Roscoe and Donaldson, 1988). In the west, Mesoarchean basement (3.33 — 2.69 Ga) is unconformably overlain by the clastic Apple Formation, which hosts uranium-gold. occurrences (Roscoe and Donaldson, 1988), and 2.75-2.73 Ga volcanic strata (Goutier and Dion, 2004). Older strata are present in the‘Guyer-LG4 sector, including komatiites and related 2.82 Ga sills, which contain Cu and massive sulphide mineralization (Percival; 2007). Juvenile volcanic rocks (2.75-2.70 Ga) of the Eastmain sector are characterized by porphyry and' other magmatic mineralization. The setting of the La Grande rocks is very different from the one observed further south in the Abitibi Subprovince; which contains a much better developed volcano-sedimentary sequence and is devoid of a tonalitic basement (Dion et al. 2003).

The Opinaca Subprovince (Figs. 7.1 and 7.2) is a metasedimentary and plutonic subprovince located in the . center of the Superior Province between the Opatica and La Grande subprovinces (Card and Ciesielski, 1986). Metawacke, derived migmatite, and granite

NFX Gold Inc. -.Lemoyne North Property Technical. Report (43-101 noncompliant) 18

PHANEROZOIC Ph Platform sediments

PROTEROZOIC Kw Keweenawan Th Trans-Hudson orogen

ARCHEAN VII Douglas Harbour domain VI Utsalik domain V Goudalie domain IV L. Minto domain Il Tikkerutuk domain I Inukjuak domain BS Bienville subprovince LG La Grande subprovince OnS Opinaca subprovince

AC Ashuanipi complex OcS Opatica subprovince PT Pontiac terrane AT Abitibi terrane KU Kapuskasing uplift WT Wawa terrane QT Quetico terrane EWT E. Wabigoon terrane WWS W. Wabigoon terrane WRT Winnipeg R. Terrane ERT English R terrane

BR Bird R. subprovince MLD Molson L domain

ILD Island L domain

Ph

" VII VVI_

I ~I ;• ` IV~'-~ ~at~

,. ,•

BS

.~-`-- --

OnS , ' ~ e_--'-- ' _ ,

--- , '

Th~;` '

; - NSS <sa _ ,'

~ - . ., ~ OSD~ .,

ILD' =.,.----

" ••••

NCS...........:.. ............:..

NCS North Caribou superterrane ; _ ✓'.: __ OSD Oxford-Stull domain . NSS Northern Superior superterrane - - MT Marmion terrane

- ~ -

AC

n OCS ---"'

_~~--'-- - ~ -'' ~_ - „E RI" „,' --_- _ -= -s ' ~ __ ~ }9

WRT ~ ~s i EWT --

--

QT ~: ~~ AT ; 1NRT:Kw -- ' ---- - ~ 1;

4 WWT (—NTT- ----"- WT- ;;- • _---=-

~_-_ - ,1<'lii; , , ,_-

Lake Superior

HuronianT

7 . s.-.~ ( PT

Cobalt Plate

Sudbury Structure

Th , ' •


characterize the Opinaca Subprovince (Percival, 2007). Polydeformed schists occur at the subprovince margins, whereas the interior portions are metamorphosed to amphibolite and granulite facies. The northern boundary with the La Grande Subprovince is a faulted stratigraphic contact (Goutier et al., 2002). The sedimentary units are commonly intruded by granodiorite, tonalite and pegmatite dykes (Goutier et al., 2000). These rocks are also cut by the 2.67 Ga Broadback River granite (Davis et al., 1994).

Figure 7.1 — Mosaic map of the Superior Province showing the major tectonic elements (From Percival, 2007)

NFX Gold Inc. — Lemoyne North Property - Technical Report (43-101 noncompliant)

19

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7.2 Local Geological Setting

The Lemoyne North property is located north of the contact between the La Grande and Opinaca subprovinces in the Guyer Lake area (Fig. 7.2). This _area is characterized by an Archean sequence comprising a tonalitic basement, several volcano-sedimentary sequences and a series of ultramafic to felsic intrusions (Dion et al., 2003). Proterozoic gabbro dykes, and quartz arenite basins (Sakami formation), also Proterozoic in age, are also present.

The property mainly covers the Guyer Group. The Guyer- Group represents a sequence of amphibolites (basalt),. quartzo-feldspathic gneiss (intermediary volcanics), iron formations, wackes, felsic tuffs; komatiites, and ultramafic wackes (Goutier et al., 2002). At the bottom of the sequence, the volcanic rocks are banded amphibolites suggesting a strong shear at the base of this sequence. A strong shear zone (1 metre wide) separates the Guyer Group rocks (La Grande Subprovince) and the Laguiche paragneiss (Opinaca Subprovince).

The Guyer Group is divided into five (5) stratigraphic units (Fig. 2). The first unit consists of amphibolite derived from basalt. This is the dominant unit of the Guyer Group. A minor band of quartzo-feldspathic gneiss, derived of intermediary volcanic rocks, is included in the first unit. The second unit comprises felsic and intermediary tuffs. The third unit consists of a marker horizon composed of iron formations and wackes. The fourth unit is represented by a magnesian basalt and komatiites. The last unit consists of ultramafic wacke derived from the erosion of ultramafic rocks. The Guyer Group rocks are intruded by the tonalite and the diorite of the Duncan Intrusions.

The Langelier Complex is located below the volcanic rocks of the. Guyer Group (Goutier et al., 2002). It consists of three units in the Guyer lake area: tonalitic and dioritic gneiss, foliated tonalite, and a mixed unit of tonalite and gneiss. The Langelier Complex rocks are observed in the northern part of the Lemoyne North property (Fig. 2)

The Laguiche Group (Opinaca Subprovince) is characterized by a large group of metasedimentary rocks injected by granite and pegmatitic granite (Goutier et al., 2000). The Laguiche Group mainly consists of biotite paragneiss derived from the progressive transformation of a feldspathic wacke interlayered with arkosic sandstone and arenite. Iron formations are rarely observed in the Laguiche Group (Goutier et al., 2000).


20

Opinaca subprovince Opinaca subprovince

• Q Felsic intrusive rock

Q Intermediary intrusive rock

Q Biotite paragneiss and 'conformations 5 920 000mN

Subprovnces limit

fut Explo

LEGEND

kilometers

La Grande subprovince

Felsic volcanic rock

Mafic volcanic rock IAmphibolitel

Komatute

Q Felsic intrusive rock

0 Intermediary intrusive rock

Mafic intrusive rock

Ultramafic intrusive rock

® Sedimentary rock

Di Banded iron formation

0 Langelier Complex ITonaklel

Projection: UTM NA083 Zone 18

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5'930 OOOmN -- I/ .r.- `~ .f - -. "~; ~~` f •..~ füir•,,Aa i~ ~ !■N.

Alinalk`~.~~ ~___ _ +~-~ -•

___~~~~~~~■..W ~L~■~~■~■~~~~ ~~üir' .~~ ,~~► _ _ -~~ ~ C~ .D.

~. , ~ i' =4~~~~ ~::~~~~=~i ~ig~é:=`----~ .. ,^ü~®it.~.1~1O~~~r... - '~ti~~ —` _~ ~ •/`r' —•t~z.ltr.

Figure 7.2 — Geology of the Lemoyne North property area (Adapted and modified from Goutier et al., 2002)


21

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8.0 DEPOSIT TYPES (Item 10)

It is generally acknowledge that geotectonic setting is of paramount importance in controlling the distribution of different types of metalliferous ore deposits ,on a global scale. The settings in the Sakami Lake (33F) and Guyer Lake (33G) areas (La Grande Subprovince) are fairly different from settings observed in the south of the Abitibi Subprovince (Dion et al., 2003). One of the most important differences is the development of volcano-sedimentary sequences unconformably overlying a tonalitic basement.

It may be interesting to draw a parallel between La Grande Subprovince occurrences found in the Sakami Lake and Guyer. Lake area and those encountered in the Abitibi Subprovince. Thus, iron-formation-hosted stratabound gold deposits appear to be much more common in the La Grande Subprovince than in the Abitibi Subprovince (Dion et al., 2003). However, the opposite is true for the volcanogenic massive sulphide deposits (VMS). Orogenic gold deposits are evenly distributed in the two subprovinces, which may suggest the existence of a single episode of emplacement for the entire Superior Province (Dion et al., 2003). The geology of the La Grande Subprovince bears some resemblance-to the geology ôf the Slave craton (Northwest Territories). The gold potential of the Slave craton has long been established in the Lupin mine area of the Yellowknife district (Dion et al., 2003).

Several types of mineralized occurrences were recognized in the Sakami Lake (33F) and Guyer Lake (33G) area. Occurrences most specific to the Sakami Lake (33F) and Guyer Lake (33G) area are: uraniferous conglomerates, iron formations,! magmatic Cr-PGE• and Cu-Ni-PGE occurrences, and Proterozoic uraniferous and polymetallic occurrences (Dion et al., 2003).

The main types of mineralized occurrences targeted on the Lemoyne property are: stratabound gold occurrences associated with oxide facies or silicate-oxide-facies iron formations (Au-Ag-As); orogenic gold occurrences related to longitudinal shear zones; Archean volcanogenic massive sulphide (VMS) deposits; Algoma-type oxide facies and sulphide facies iron formations; and magmatic Cu-Ni±PGE deposits. Other types of mineralized occurrences seem to have some similarities with the gold mineralization of the Sakami Lake property. The Puffy Lake gold deposit is located in quarto-feldspathic biotite-bearing gneiss in the Churchill Province (Ostry and Halden, 1995).

8.1 Stratabound gold occurrences associated with oxide-facies or silicate-oxide-facies iron formations (Au-Ag-As)

These gold deposits are considerably more abundant in the La Grande Subprovince than in the Abitibi (Dion et al.; 2003). This confirms the observation that gold-bearing iron formations are generally more common in high-grade metamorphic environments (amphibolite) such as the La Grande Subprovince. Many of these occurrences are located near the contact between the La Grande and Opinaca subprovinces (Dion et al. 2003).

These deposits are characterized by a strong association between native gold and iron sulphide minerals, the presence of gold-bearing quartz veins, the occurrence of deposits in structurally complex terranes, and lack of lead and zinc enrichment in the ores (Kerswill, 1996).

Deposits are stratiform by definition, but in most cases, the original geometry of the orebodies has been obscured by folding. However, lateral or down-plunge extensions of orebodies are tens to hundreds of times greater than their thicknesses. The rocks that host the stratiform deposits, as well as the orebodies themselves, are mainly deformed by folding (Kerswill, 1996).


22

Barren iron-formation, no gold or sulphide minerals

Gold-bearing sulphide-rich alteration zone

Late quartz vein

A Nonstratiform type

// Late shear zone

B Stratiform type

di/J

Barren iron-formation, no gold or sulphide minerals

Gold-bearing sulphide-rich alteration zone

Gold-bearing well-laminated sulphide-iron-formation

~.......,i i

Late quartz vein

// Late shear zone

GSC

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In both sediment-hosted deposits and those occurring within mixed volcano-sedimentary settings, gold is concentrated into several discrete units of sulphide-iron-formation that are conformably interlayered with barren silicate and/or carbonate iron formation (Kerswill, 1996).

Figure 8.1 - The two main types of gold deposits hosted by iron formations. From Kerswill, 1996. A) Gold restricted to late structures or to sulphide iron formations immediately adjacent to such structures. B) Gold occurs in thin but laterally continuous units of well-laminated sulphide iron formation, as well as in sulphide-rich alteration zones adjacent to late structures. Examples: Lupin mine, Homestake mine and probably the Agnico-Eagle mine (Joutel).

Gold is, for the most part, disseminated relatively uniformly throughout the sulphide iron formation of individual orebodies, although late quartz veins contain modest amounts of coarse (visible) gold. Arsenic is a significant component in all sediment-hosted deposits, but is less common for deposits in mixed settings (Kerswill, 1996).

NFX Gold Inc. - Lemoyne North Property - Technical Report (43-101 noncompliant) 23

rEPITHERMAL CLAN1

ADVANCED ARGILLIC

HIGMSULPHIDATION

f -ehy+~me dome S430 ;eke;

HOTSPRING

LOW SULFIDATION

~

HIGHSULPHIDAtION AU- RICH MASSIVSSULPHIDE (manly alter Hanninglon)

~~. ARGILLIC

km

0 PALEOPLACER

Vern Stock

STOCKWORK- OISSEMINATED

AU

b1e -_ Permeo Unit

r'J SERICITE i~BRECCIA•PIPEAU'

Carbonate rocks

PORPHYRY AU

Dyke

CARLIN TYPE.

AU MANTO

AU SKARN

[iNTRUSION-RELATED CLAN (Mainly after Sdiitoe)

TURBIDITE-HOSTED VEIN

BIF•HOSTED VEI Wacke•shale

VolcoNc

QUARTZ•CARBONATE SHEAR-ZONE-HOSTED

VEIN •

Shea zone

INFERRED CRUSTAL LEVELS OF GOLD DEPOSITION Iron tamation

GREENSTONE VEIN CLAN

5

10


Indeed, it is possible to identify two main types of ore in sediment-hosted stratiform deposits on the basis of arsenic content. Arsenic-rich sulphide iron formations occur in the areas immediately adjacent to late quartz veins or shear zones: e.g., Lupin mine (Bullis al. 1994; Geusebroek and Duke, 2004) and the Homestake mine (Caddey et al., 1991). Arsenic-poor sulphide iron formation is more widely distributed and is the main ore type in all deposits (Kerswill, 1996).

Although stratiform orebodies are tightly to isoclinally folded and quartz veins are locally abundant, the distribution of gold and sulphur is not obviously controlled by either the folds or the veins (Kerswill, 1996).

8.2 Orogenic gold occurrences related to longitudinal shear zones (greenstone-hosted quartz-carbonate vein deposits)

Lode gold deposits (gold from bedrock sources: Figure 8.2) occur dominantly in terranes with an abundance of volcanic and clastic sedimentary rocks that experienced low to medium grade metamorphism (Poulsen, 1996). Greenstone-hosted quartz-carbonate vein deposits are a sub-type of lode-gold deposits (Poulsen et al., 2000). They correspond to structurally controlled complex epigenetic deposits hosted in deformed metamorphosed terranes (Dubé and Gosselin, 2007). The Sakami Lake (33F) and Guyer Lake (33G) area hosts a fair number of orogenic (or mesothermal) gold deposits with the same characteristics as deposits of this type found in the Abitibi Subprovince (Dion et al., 2003).

Figure 8.2 — Inferred crustal levels of gold deposition showing the different types of lode gold deposits and the inferred deposit clan (From Dubé et al., 2001; Poulsen et al., 2000)

NFX Gold Inc. — Lemoyne, North Property — Technical Report (43-101 noncompliant) 24

SETTING OF GREENSTONE GOLD DEPOSITS

HOMESTAKE TYPE SULPHIDE BODY

BRITTLE- DUCTILE ZONE

VOLCANIC

GRANITOID SHEAR ZONE IRON-FORMATION

TURBIDITE-hosted VEIN

WACKE-SHALE GREENSTONE-hosted VEIN

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Greenstone-hosted quartz-carbonate vein deposits consist of simple to complex networks of gold-bearing, laminated quartz-carbonate fault-fill veins in moderately to steeply dipping, compressional brittle-ductile shear zones and faults with locally associated shallow-dipping extensional veins and hydrothermal breccias. They are hosted by greenschist to locally amphibolite facies metamorphic rocks of dominantly mafic composition, and they form at intermediate depth in the crust (5-10 km). They are distributed along major compressional to transtensional crustal-scale faults zones in deformed greenstone terranes of all ages, but are more abundant and significant, in terms of total gold content, in Archean terranes. Greenstone-hosted quartz-carbonate vein deposits are thought to represent a major component of the greenstone deposit clan (Fig. 8.2) (Dubé and Gosselin, 2007). They can coexist regionally with iron formation-hosted vein and disseminated deposits, as well as with turbidite-hosted quartz-carbonate vein deposits (Fig. 8.3).

Figure 8.3 — Schematic diagram illustrating the setting of a greenstone-hosted quartz-carbonate vein deposit (from Poulsen et al., 2000)

The main gangue minerals are quartz and carbonate with variable amounts of white micas, chlorite, scheelite and tourmaline. The sulphide minerals typically constitute less than 10% of the ore. The main ore minerals are native gold with pyrite, pyrrhotite, and chalcopyrite without significant vertical zoning. Arsenopyrite commonly represents the main sulphide in terranes subjected to amphibolite facies metamorphism (Dubé and Gosselin, 2007).

In the Sakami Lake (33F) and Guyer Lake (33G) areas, the orogenic gold deposits consist of quartz ± tourmaline veins or veinlets, with minor sulphides, hosted in various lithologies and associated with major deformation zones, particularly along the boundary between the La Grande and Opinaca subprovinces (Dion et al., 2003). Among these deposits is Zone 32


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(historical resources: 4.2 Mt at 2.1 g/t Au and 0.2% Cu, press release by Virginia Gold Mines, dated March 11, 19991). Zone 32 is a good example of this kind of deposit in the Sakami Lake (33F) and Guyer Lake (33G) area. To the south, the Eleonore gold deposit (Fig. 5.1), owned by Goldcorp. Inc., is present along the contact between the sedimentary and volcanic rocks within the contact zone between La Grande and Opinaca subprovinces (Bandyayera and Houle, 2007). The first N143-101 compliant resource calculated on the Roberto Zone (Eleonore gold deposit) has evaluated the initial Indicated gold ,resource to be 7,509,500 t at 7.40 g/t Au (1,834,900 ounces) and the initial Inferred gold resource of 4,059,000 t at 7.12 g/t Au (929,100 ounces) (press release by.Goldcorp Inc., dated June 25, 2007).

The emplacement of these deposits is early to late tectonic, and coeval with the emplacement of the orogenic gold deposits in the Abitibi Subprovince (Dion et al., 2003). This mineralizing event is probably related to the final accretion and cratonization phase of the Superior Province.

In terms of conducting mineral exploration to discover a new gold deposit, whether it be at the scale of a geological province or a terrane the geological parameters are common for highly fertile volcano-sedimentary belts like the La Grande greénstone belt. These parameters are (Groves et al.; 2003):

1- Reactivated crustal-scale fault that focused porphyry-lamprophyre dyke swarms 2- Complex regional-scale geometry of mixed lithostratigraphic packages 3 - Evidence for multiple mineralization or remobilization events.

8.3 Archean volcanogenic massive sulphide (VMS) deposit

VMS deposits typically occur as lenses of polymetallic massive sulphides that form at or near the seafloor in submarine volcanic environments. They form from metal-enriched fluids associated with seafloor hydrothermal convection (Galley and al. 2007). Their immediate host rocks can be either volcanic or sedimentary._ VMS deposits are major sources of zinc, copper, lead, silver and gold. Because of their polymetallic content, volcanogenic massive sulphides continue to be one of the best deposit types for security against fluctuating prices of different metals:

Most VMS deposits have two components (Fig. 8.4). There is typically a mound-shaped to tabular stratabound body composed principally, of massive (>40%) sulphides, quartz and subordinate phyllosilicates and iron oxide minerals with' altered silicate wallrock (Galley et al., 2007). These stratabound bodies are typically underlain by discordant to semi-concordant stockwork vein systems or "pipes", and are enveloped in distinctive alteration halos, which may extend into the hanging wall strata above the VMS deposit. ,The most common feature among all types of volcanogenic massive sulphide deposits is that they are formed in extensional tectonic settings, including -both oceanic seafloor spreading and arc environments. VMS deposits that are still preserved in the geological record formed mainly in oceanic and continental nascent-arc, rifted arc and back arc settings (Allen et al. 2002; Franklin et al. 1998).

NFX Gold Inc. -.Lemoyne North Property'— Technical Report (43-101 noncompliant)

26.

Black Smoker Comple Collapsed Area L

100 m

Anhydrite Con

Debris Apron 8/" o Metalliferous Sediment

epBO

00

White Smokers

o~b

Sealed Zone

s.

'Sulfide Talus

Anhydrite

Pyrite

Quartz Zn-rich Marginar

Fades

~® ®~®®I Gradational Contact

114.4k 'OE ;~ A • Silicified, Pyritic Stockwork

tag Chloritized ± Hematized Basalt Approx. Limit ••

Demagnetized Zone

Alteration Pipe

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Figure 8.4 — Schematic of a classic cross-section of a VMS deposit. From Galley et al., 2007; Hannington et al., 1998.

In the idealized evolutionary stages of arc terrane formation, extension of the principal arc assemblage is another common period of volcanogenic massive sulphide deposit formation in oceanic arc settings (Galley et al. 2007). This results in the formation of calderas in which bimodal-mafic extrusive successions predominate. Bimodal mafic-dominated VMS-hosting calderas include the Archean Noranda caldera (Gibson and Watkinson, 1990) and probably the Matagami mining camp. Bimodal mafic host rocks (Fig. 8.6) are dominated by effusive volcanic successions and accompanying, large-scale hypabyssal intrusions (Galley et al. 2007). The spatial relationship of VMS deposits to synvolcanic intrusions suggests that the deposits were closely related to particular and coincident hydrologic, topographic and geothermal features on the ocean floor (Lydon, 1990).

This high temperature sub-seafloor environment tends to support high temperature (>350°C) hydrothermal systems, which in turn can form Cu, Cu-Zn and Zn-Cu-(Pb) VMS deposits with variable Au and Ag contents. A really extensive, 1- to 5-metre-thick Fe-rich exhalite (Fig. 8.6) may mark VMS horizons (Spry et aI, 2000; Peter, 2003). The formation of exhalites on a basalt-dominated substrate is commonly accompanied by silicification and/or chloritization of the underlying 200 to 250 metres of strata (Galley et al. 2007). An example of this is observed in the Matagami mining camp (Liaghat and MacLean, 1992).


Failed, or Incipient rift

Rifted Back Arc Arc Spreading

~d

Mature Back Arc Continental Beck-arc Oceanic Arc Arc

Arc assemblage Continental crust SYicldasticstrata

-- Fe-formation . Granitold Maflc-utramallc Intrusion

e VMS deposits o Eplthennal Au * OrogenlcAu o Porphyry Cu-Au (+ skams)

4,~~y~4y 4~44~~4 4,~ J. 4-, J• y,~,~y~y~yy 4, 4, y4,.

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yy .~y~y~y~,l,~yyy+,,

✓ L 4 L

+

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Cdn. average grade

1.7% Cu 5.1% Zn 0.6% Pb 45g/t Ag 1.4g/t Au

W200m N

CD Ser-chl attn C -) Massive mgt-po-cpy NO Sulfidic tuffite/exhalite CD Qtz-chl attn C ) Po-py-cpy stockwork O Massive py-sph-cpy • Chl-sulf altn CD Massive py-po-cpy


Figure 8.5 - Main tectonic setting in which VMS deposits are formed (Galley et al. 2007).

Figure 8.6 - Graphic representation of a bimodal mafic-dominated VMS deposit. From Galley et al., 2007; Barrie and Hannington, 1999.


~ mayExplo www.innovexplo.com

8.4 Algoma-type oxide facies and sulphide facies iron formation

Algoma-type iron formations consist primarily of microscopic to macroscopic alternating layers and beds of chert (or quartz) and iron-rich minerals (magnetite, hematite, pyrite, pyrrhotite, iron carbonates and iron silicates) (Gross, 1996). They are composed of a variety of interbedded oxide, carbonate, sulphide, and silicate lithofacies, and include extensive manganese-rich lithofacies; sulphide lithofacies rich in copper, zinc, lead, tin, and ,gold; oxide and carbonate lithofacies bearing rare-earth elements; tungsten-bearing lithofacies; and various lithofacies that host syngenetic and epigenetic gold deposits.

"Algoma-type iron formations were deposited with volcanic rocks, greywackes, turbidites and pelitic sediments in volcanic arc and spreading ridge tectonic settings (Gross, 1996). Iron ore is recovered from Algoma-type iron formations; from naturally enriched deposits and from selected zones of oxide lithofacies. Iron ore deposits in Algoma-type iron formations consist mainly of. metamorphosed oxide and carbonate lithofacies containing 20 to 40% iron (Gross, 1996).

In the Guyer Lake area, Algoma-type .oxide-facies iron formation consist of thinly: banded stratiform magnetite interbedded with recrystallized chert or mudstone/siltstone (Dion et al., 2003). Algoma-type sulphide-facies iron formations are represented by stratiform layers of disseminated to massive sulphides, occasionally bedded, often associated with sulphide-rich chert horizons and oxide-facies iron formation (Dion et al., 2003).

8.5 Magmatic Cu-Ni±PGE

A broad group of deposits containing nickel, copper and platinum group elements (PGE) occur as sulphite concentrations associated with a variety of mafic and ultramafic magmatic rocks (Eckstrand et al., 2004; Naldrett, 2004). The magmas originate in the upper mantle and contain small amounts of nickel, copper, PGEs and variable but minor amounts of S (Eckstrand and Hulbert, 2007). The magmas ascend through the crust and cool as they encounter cooler crustal rocks. If the original S content of magma is sufficient, or if S is added from "crustal wall rocks, "a separate sulphide liquid forms as droplets dispersed throughout the magma. Because the partition coefficients of nickel; copper and PGEs, as well as iron,' favour sulphide liquid over silicate liquid, these elements preferentially transfer into the sulphide droplets from the surrounding magma. The sulphide droplets_ tend to sink toward the base of the magma because of their greater density, where they form sulphide . concentrations. On further cooling, the sulphide liquid crystallizes to form ore deposits,that contain these metals.

Among such deposits, two main types!are distinguishable (Eckstrand and Hulbert, 2007). In the first, Ni and Cu are the main economic commodities. These occur as sulphide-rich ores that are associated with differentiated mafic and/or ultramafic sills and stocks, and ultramafic (komatiitic) volcanic flows and sills. The second type is exploited principally for PGEs, which are associated with sparsely dispersed sulphides in very large- to medium-sized layered intrusions; typically mafic/ultramafic.

The mafic and ultramafic magmatic bodies that host the Ni-Cu sulphides ore are diverse in form and composition, and can be subdivided into the, following four subtypes (Eckstrand and Hulbert, 2007):

1- A meteorite-impact mafic melt sheet that contains basal sulphide ores (Sudbury, Ontario, is the only known example)

2- Rift and continental flood basalt-associated mafic sills and dyke-like bodies (example: Duluth Complex, Minnesota) "


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3= Komatiitic (magnesium-rich) volcanic flows and related sill-like intrusions (example: Raglan, Quebec)

4 Other mafic/ultramafic intrusions (example: Voisey's Bay, Labrador)

The PGEs of the second type of deposit include Os, Ir, Ru, Rh, Pt ,and Pd. Platinum and palladium are the most abundant of these and determine the economic value of these ores, although Rh, Ni, Cu and Au are commonly recovered as well. Three variants of the second subtype are (Eckstrand and Hulbert, 2007):

1- PGE-dominant magmatic sulphide ores are associated with mafic/ultramafic intrusions These are the two principal subtypes of deposits

2- Reef-type or stratiform PGE deposits, which occur in well-layered mafic/ultramafic intrusions (example:'J-M Reef of the Stillwater Complex, Montana) .

3- Magmatic breccia-type, which occurs in stock-like or layered mafic/ultramafic intrusions (example: Bushveld Complex, South Africa)

1

NFX Gold Inc. — Lemoyne North Property - Technical Report (43=101 noncompliant) 30

mouExplo.

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9.0 MINERALIZATION (Item 11)

Past exploration work has revealed several showings on the Lemoyne North property. In 1998, Boreale Exploration and ' Virginia Gold Mines discovered the showings described below and presented in Figure 9.1.

The Arseno-1 and Arseno-2 showings assayed up to 11.83 g/t Au and 6.8% As (de Chavigny, 1998; GM 56161). Mineralization is observed in deformed felsic tuff. This felsic tuff is silicified and chloritized. The mineralization consists of 3% to 5% pyrite and pyrrhotite and 25%-30% arsenopyrite. The mineralized zone is 20 to 30 cm wide and is concordant with the felsic tuff. The distance between the Arseno-1 and Arseno-2 showings is 200 metres.

The Sericite Schist showing is located about 500 metres northeast' of Arseno-1 and Arseno-2 showings. This showing has assayed up to 490 ppb Au, 14 g/t Ag, 0.54%. Cu and 0.65% Zn (de Chavigny, 1998; GM 56161). The mineralization was encountered in schistose metavolcanic rocks. The mineralization is represented by pyrite in amounts ranging from traces to 8%; its width , is unknown.

The Bertha showing consists of an auriferous quartz-vein with. pyrite-chalcopyrite. The showing is located near a contact between mafic volcanic and felsic volcanic rocks, at the margin of a granodiorite pluton. The width of the vein varies from 1 to 5 metres and is associated with a brittle-ductile structure ESE. The vein essentially contains white quartz with traces of pyrite and chalcopyrite. A nodule of massive sulphides (1 x 1 metre) was detected in the vein using a beep-mat:This nodule of massive sulphides assayed 38.3 g/t Au and 4.04% Cu (de Chavigny, 1998a; GM 56197).

The Lemoyne Zn showing is located within an intermediary tô mafic tuff. The mineralization consists of 8% to 1'5% pyrite-pyrrhotite accompanied by 2% to 3% sphalerite (de Chavigny, 1998; GM 56161). The sulphides are disseminated or form some stringers. The Lemoyne Zn showing assayed 0.98% Zn. The Lemoyne-Hydro showing is located within folded sericite schist with 2% to 4%disseminated pyrite. This showing has assayed 5 g/t Ag.

The Guyer-Sud showing consists of quartz-pyrite veins within mafic volcanic rocks. This showing has assayéd 6.3 g/t Ag (de Chavigny, 1998a; GM 56197). The Guyer SW showing is in felsic and mafic volcanic rocks and consists of semi-massive bands of pyrite-pyrrhotite±chalcopyrite accompanied of chlorite-biotite alteration. This showing assayed 0.51% Cu (de Chavigny, 1998a; GM 56197). The Guyer Ouest showing is represented by a vein of quartz-chalcopyrite within mafic to ultramafic rocks. This showing assayed up to.0.67% Cu (de Chavigny, 1998a; GM 56197).

NFX Gold Inc. — Lemoyne North Property —Technical Report (43-101 noncompliant) 31'

444**,. bW -ea ô

Guyer Ouest showing, 0.67%Cu5

C e p


1.51 glt Au

t>08. Intermediary intrusive rock

MI Make intrusive rock

1.1 Ultramafic intrusive rock

- Sedimentary rock

- Banded iron formation

Q Langelier Complex (Tonatte)

Bertha showing_ 1.2 glt Au; 38.3 glt Ag

4.04% Cu

ne-Hydro showing glt A •

~ 3.6 t A

Sericite Schist showing 0.55% Cu; 6.3 glt Ag

Arseno-2 showing 11.83 glt Au; 6.6% As

0„ Lemoyne Zn showin • Lemoyne Zn

LEGEND 000mN Opinaca subprovince

Q Felsic intrusive rock

0 Intermediary intrusive rock

Q Biotite paragneiss and ironformatàns

• DDH 1976 (GM 34120)

• DDH 2006 (GM 63893)

• DDH 2007 (Cloutier. 2008)

NFX NFX GOLD INC.

Explo

La Grande subprovince

El Felsic volcanic rock

Mafic volcanic rock (Amphibolite)

Komatiite El Felsic intrusive rock

Subprovinces limit

Projection: UTM NAD83 Zone 18

rfée Zone wned by Virginia Mines 03,483 T at 14.50 glt Au

4,854 ounces

c

Grande subprovince

Copinaca subprovince 1

Guyer Lake

.68 glt Au

IgNEdlometers

Figure 9.1 — Location of known showings on the Lemoyne North property


32

v . vExplo www:innôvexplo.com

10.0 EXPLORATION (Item 12)

NFX Gold Inc. has not yet conducted exploration work on the Lemoyne North property. Previous exploration work is described in the History section (Item 8).

11.0 DRILLING (Item 13)

NFX Gold Inc. ,conducted a diamond drilling program in December 20.07 and January 2008 (Cloutier, 2008). The drill sites were determined by MRB & Associates, while field technical work was conducted by Consul-Teck Explorations Inc. Five (5) diamond drill holes, totalling 1,975, metres, were drilled mainly along the extensions of the Sericite Schist showing. Attempts to explain IP anomalies, according to recommendations 'in a previous report (Lavallée, J.-S., and Lafleur, P.-J., 2006), were also part of the program.

A total of 877 samples were collected from these drill holes and sent to Activation Laboratories Ltd.

The best result was obtained from hole LN-07-01, returning 0.83g/t Au, 12.6g/t Ag and 0.22% Cu over 0.35m within a lightly sheared, highly sericitized and silicified intermediate tuff displaying 5% disseminated pyrite. No other significant results were obtained.

The location of these drill holes can be observed on. Figure 9.1.


11MYGxplo www.innovexplo.com -I •

12.0 SAMPLING METHOD AND.APPROACH (Item 14)

After being examined and described (logged); core was sampled in the following manner: (1) the core of the section to be sampled was cut in half with a core splitter; (2) one half was put aside to be sent to the laboratory; and (3) the second half of the core was put back in its place in the coré box. Sample length varies from 0.20 m to.1.5. m.

13.0 SAMPLE PREPARATION, ANALYSES AND SECURITY (Item15)

A total of 867 samples were assayed for gold using the fire assay method and for 37 element using ICP method. The samples were assayed at Activation Laboratories ltd.

14.0 DATA VERIFICATION (Item 16)

No field visit was of the property was conducted, nor has there been any review of the diamond drill core from previous drilling programs.

15.0 ADJACENT PROPERTIES ` (Item 17)

The Poste Lemoyne Extension property, owned 100% by Virginia Mines, is situated south of the Lemoyne North property. The Poste Lemoyne Extension property hosts the Orfée Zone, which contains resources r'totalling 94,854 ounces (Measured and Inferred) and grades 14.5 g/t Au (203,483 tonnes at 14.50 g/t Au). This resource evaluation was-estimated according to CIM Standards & Definitions on Mineral' Resources and Reserves and National Instrument 43-101. The evaluation was published April. 8, 2003.

The Orfée Zone consists of a large sheared and mylonitized zone developed within a mixed sequence of metre-scale alternations of basalt, wàcke, iron formation and QFP. These rocks are strongly altered (biotite, amphibole, tourmaline, silica) and contain finely disseminated. sulphide mineralization (pyrrhotite, pyrite, arsenopyrite and traces of chalcopyrite) that can reach more than 20% locally (Press rélease Virginia Mines, May 23, 2007)..

16.0 MINERAL PROCESSING AND METALLURGICAL TESTING (Item 18)

No mineral processing and metallurgical testing has been done for the Lemoyne North property.

17.0 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES (Item 19)

Mineral resource and reserve calculations have not been made for the property.

18.0 OTHER RELEVANT DATA AND INFORMATION (Item 20)

No other relevant data and information are provided in this technical report.


nno Explo www.innovexplo.com

19.0 INTERPRETATION AND CONCLUSIONS (Item 21)

The Lemoyne, North property is at an early stage of exploration (grassroots stage): A review of the available data and assessment reports for the property reveal that many characteristics of the area underscore a good potential for lode-gold and volcanogenic massive sulphide (VMS). deposits.

It seems clear that the potential for a new ,gold discovery is present on the property. The past discoveries of many gold showings by Boreale Exploration indicate the good potential of the property.

Although exploration mainly focused on the discovery of gold showings, there is also excellent potential to discover VMS deposits on the property. Many important factors were observed that support this idea. The Lemoyne' North property includes a sequence of bimodal volcanic rocks, and synvolcanic alteration was probably reported as much in volcanic felsic rocks as in volcanic mafic rocks. The presence of sericite schists in felsic volcanic rocks over many kilometres is similar to the- Doyon/Bousquet mining camp. The discovery of numerous Zn-Cu-Ag-Au showings and the presence of several induced polarization anomalies on the property accentuate the potential for the discovery of a VMS deposit.

Furthermore, there is also good potential for stratabound gold occurrences associated with oxide facies or silicate-oxide-facies iron formation deposits (Au-AgAs), Algoma-type oxide-facies and sulphide-facies iron formation deposits, and magmatic Cu-Ni±PGE deposits. Emphasis should be given to these three models during future exploration work on the property.

NFX Gold Inca- Lemoyne North Property — Technical Report (43401 noncompliant) 35

)tit nnmExplo www.innovexplo:com

20.0 RECOMMENDATIONS (Item 22)

InnovExplo recommends an exploration program on the Lemoyne North property. InnovExplo declares that the character of the property is of sufficient merit to justify the proposed program.

The proposed exploration program is divided into two (2) phases. The second phase is conditional on the success and quality of targets generated during the_ first phase. Phase 1 is estimated at $243,800 and Phase 2 at $1,246,600, for a grand total of $1;489,600.

The recommended program is described below. Detailed budgets are presented in Tables 20.1 and 20.2.

For Phase 1 of the program, InnovExplo recommends:

• A detailed compilation of geoscience data (GIS);

• The creation of a Gemcom drill hole database for previously drilled areas (with generation of cross-sections, plan views and longitudinal views if required);

• Airborne geophysical surveying, including magnetic and time-domain electromagnetic components (MegaTEM, VTEM or equivalent method) and an optional radiometric component, using real-time GPS localization and flight lines spaced at 150 m for a total of 1,500 line-km;

• Geochemistry, geophysical and geological studies, including interpretation, target generation; recommendations and reporting.

Phase 2 consists of a provision of 5,000 m of drilling for follow-up work on results generated by Phase 1.

Table 20.1 — Phase 1 exploration program

Phase 1 Exploration Program — Lemoyne North Property - Work Program I Unit • CPU -Cost

Detailed geoscience compilation work (GIS) 1 30 000 $ 30 000 $

Gemcom drill hole database; cross-sections for specific areas ' 1 25 000 $ 25 000 $

Airborne geophysical. survey (MAG, EM, radiometric) 800 - 140 $ 112 000 $

Geochemistry, geophysical and geological-studies; interpretation, target generation, recommendations and reporting.

1 . 45 000 $ 45 000 $

Subtotal . 212 000 $

Contingencies (15%) 31 800 $

Total Phase 1 243 800 $


~nrilimExplo www.innovexplo.com

Table 20.2 — Phase 2 exploration program

Phase 2 Exploration Program — Lemoyne North Property Work Program Unit CPU Cost

Geological and logistical preparation, access; obtaining permits 1 15 000$ 15 000 $ Provision for diamond drilling (follow-up on results from Phase 1) 5000 200 $ 1 000 000 $ Whole rock geochemical assays 300 80 $ 24 000 $ Geochemical, geophysical and geological studies; interpretation, target generation, recommendations and reporting.

1 45 000 $ 45 000 $

Subtotal 1 084 000 $ Contingencies (15%) ' . , ï 162 600 $ Total Phase 2 1 246 600 $

TOTAL (Phase 1 + 2

1 489 600 $

NFX Gold. Inc. Lemoyne North Property — Technical Report (43-101 noncompliant) 37


21.0 REFERENCES (Item 23)

Allen, R. L., Weihed, P., and Global VMS Research Team 2002, Global comparaisons of volcanic-associated massive sulphide districts, in Blundell, D.J., Neubauer, F, and Von Quadt, A.,~ eds., The timing and Locations of Major Ore Deposits in an Evolving Orogen:_ Geological Society of London Special Publication 204,. pages 13-37.

Bandyayera, D., and Houle, P., 2007. The Eastmain Belt: the, emergence of a gold camp. Québec Mines. Mining Information Bulletin, February, 2007. Ministère des Resources naturelles et Faune. http://www.mrn.gouv.oc.ca/enolish/mines/quebec-mines/2007-02/camp.asp

Barrie, C. T., and Hannington, M. D., 1999. Introduction: Classification of VMS deposits based on host rock composition. In Barrie, C. T., and Hannington, M. D., eds. Volcanic-Associated Massive Sulphide Deposits: Processes and Examples in Modern and Ancient Settings. Reviews in Economic Geology, vol: 8, pages 2-10.

Bourgoin, M., 2005. Rapport de travaux automne 2005, Propriété Lemoyne Nord, Prop"riété Taïga, SNRC 33G/06-09-10-11, Eloro Resources Ltd. MRB & Associés, 26 pages. GM 62640.

Buchan, K. L., and Ernst, R. E., 2004. Diabase dyke swarms and related units in Canada and adjacents regions (with accompagning notes): Geological Survey of Canada, Map 2022A, 1 : 5 000 000.

Bullis, H. R., Hureau, R. A., and Penner, B. D., 1994.. Distribution of Gold and sulfides,at Lupin, Northwest Territories. Economic Geology v. 89, pages 1217-1227.

Caddey, S. W., Bachman, R. L., Campbell, T. J., Reid, R. R., and Otto, R. P., 1991. The Homestake mine, an Early Proterozoic iron formation-hosted gold. deposit, Lawrence County, South Dakota. United. States Geological Survey, Bulletin 1857-J: 67 pages.

Card, K. D., and Poulsen, K. H., 1998: Geology and mineral deposits of the Superior Province of , the Canadian 'Shield; Chapter 2 in Geology of the Precambrian Superior and Grenville Provinces and Precambrian Fossils in North America, (co-ord.) S. Lucas; Geological Survey of Canada, Geology of Canada, no. 7, pages 12-194.

Card, K. D., 1990. A view of the Superior Province of the Canadian Shield, a product of Archean accretion. Precambrian Research 48, pages 99-156.

Card, K. D. and Ciesielki, A. 1986. DNAG #1. Subdivisions of the . Superior Province of the Canadian Shield. Geoscience Canada 13. pages 5-13.

Cloutier, M.-A., 2008. Eloro Resources Ltd, Rapport des travaux de forage Hiver 2007, propriété Lemoyne Nord (SNRC 33G/06-11). Consul-Teck Consultant en exploration minière. 12 pages.

Davis, W. J., Machado, n., Gariépy, C., Sawyer, E., and Benn, K., 1994. U-Pb geochronology of the Opaticâ tonalite gneiss belt and its relationship to the Abitibi greenstone belt, Superior. Province, Quebec. Canadian Journal of Earth Sciences 32, pages. 113-127.


38

humExplo www.innovexplo.com.

de Chavigny, P., 1998a. Reconnaissance géologique-prospection permis permis Lac Guye 1304-1310, 33G110, Baie James, Québec, Canada. 8 pages. GM. 56197.

de Chavigny, P., 1998. Reconnaissance géologique permis JVT/Boréale (PEM 1308-1309-1310-1294), SNRC 33 G,.Baie James, Québec, Canada. 10 pages. GM 56161.

Dion, C., Goutier, J.:, and Gauthier, M., 2003. Metallogenic overview of the la Grande Sub province in the Lac Sakami (33F) and Lac Guyer (33G) area. Québec Mines, Mining Information Bulletin, octobre 2003. Ministère des Ressources naturelles et•_ Faune. httpalwww.mrnf.ciouv.pc.ca/english/mines/quebec-raines/2003-10/contexte. jsp.

Dubé, B. and Gosselin, P. 2007, Greenstone-Hosted Quartz-Carbonate Vein Deposits. In Godfellow W. D., ed., Mineral Deposits of Canada: A Synthesis of Major Deposit-Types, District Metallogeny, the Evolution of Geological Provinces, and Exploration Methods: Geological Association of Canada, Mineral Deposits Division, Special Publication No.5, pages 49-73.

Dubé, B., O'Brien; S., and Dunning, G. R., 2001. Gold deposits in deformed terranes: examples of epithermal and quartz-carbonate shear-zone-related gold systems in the Newfoundland Appalachians 'and their implications for exploration. In North Atlantic ,Symposium, St- John's, NF, Canada. Extended abstracts volume, May 27-30, 2001. pages 31-35.

Dubé, C:, Franconi,; A., Hocq, M., Remick, J. M., Sharma, K. N. M., Avramtchev, A., and Ducrot, C., 1976. Compilation géologiqe du territoire de la Baie-James. Ministère des .Richesses naturelles, Québec. DP-358, 7 pages et 18 cartes.

Eade, K E., 1966. Fort George and Kaniapiskau river (west half) map-areas, New Quebec. Geological Survey of Canada. Memoir 339. 84 pages.

Eade, K. E., Heywood, W. W., Lee, H. A., 1957. Fort Sakami Lake area, New Quebec. Geological Survey of Canada. Map 23-1957.

Eckstrand, R. O., and Hulbert, L. J., 2007. Magmatic Nickel-Copper-Platinum Group Element Deposits..: In, Goodfellow, W. D., ed., Mineral Deposits of Canada: A Synthesis of Major Deposit-Types, District Metallogeny, the Evolution of Geological Provinces, and Exploration Methods: Geological Association of Canada,, Mineral Deposits Division, Special Publication No. 5, pages 205-222.

Eckstrand, R. O:, Good, D. J., Yakubch'uk, A., and Gall, Q. Work distribution of Ni, Cu, PGE, and Cr deposits. and camps. Geological Survey of Canada, unpublished update of Open File 3791a.

Franklin, J.M., Hannigton, M. D., Jonasson, .I.R., and Barrie C. T., 1998. Arc-related volcanogenic massive sulphide deposits: Proceedings of Short Course on Metallogeny of Volcanic Arcs, January 24-25, Vancouver: British Columbia Geological Survey Open-Files 1998-8, pages N1-N32.

Galley, A. G., Hannington, M. D., and Jonasson, I. R. 2007. Volcanogenic Massive Sulphide Deposits. In ,Goodfellow, W. D., ed., Mineral Deposits of Canada: A Synthesis of Major Deposit-Types, District Metallogeny, the Evolution of Geological Provinces, and Exploration Methods: Geological Association of Canada, . Mineral Deposits Division, Special Publication No. 5, pages 141-161.

NFX Gold Inc. - Lemoyne North Property —_Technical Report (43-101 noncompliant) 39

ftif kruwExplo www.innovexplo.com

Geusebroek, P. A. and Duke, N. A,., 2004. An update on the Geology of the Lupin Gold Mine, Nunavut, Canada. Exploration and Mining Geology, vol. 13,-Nos 1-4, pages 1-13.

Gibson, H. L., and Watkinson, D. H., 1990. Volcanogenic massive sulphide deposits of the Noranda Cauldron and Shield Volcano, Quebec. In Rive, M. Verpaelst, P., P. Gagnon, Y., Lulin, J. M., Riverin, and Simard, A., eds. The Northwestern Quebec Polymetallic Belt. Canadian Institute for Mining and Metallurgy, Special Volume 43, pages 119-132.

Goodwin, A. M., Ambrose, J. W., Ayers, L. D., Clifford, P. M., Currie, K. L.,- Ermanovics; I. M., Fahrig, W. F., Gibb, R. A., Hall, D. H., Innes, M. J. S., Irvine, T. N., MacLaren, A. S., Norris, A. W., Pettijohn, F. J., and Ridler, P. H., 1972. The Superior Province; in Variations in Tectonic Style in Canada, (ed.) R. A. Price and R. W. Douglas; Geological Association of Canada, Special Paperl 1, pages 528-623.

Goutier, J., and Dion,+ C., 2004. Géologiè et mineralisàtion de la Sous-province de la Grande, Baie James. Exploration 2004. Ministère des Ressources naturelles, de la Faune et des Parcs.

Goutier, J., Dion, C., Ouellette, M. C., Davis, D. W., David, J., and Parent, M., Géologie de a région du lac Guyer (33G/05, 33G/06 et 33G/11). Ministère des Ressources naturelles du Québec. RG-2001-15. 53 pages.

Goutier, J., Dion, C., Ouellet, M-C., David, J., and Parent, M., 2000. Géologie de la région des lacs Guillaumat et Sakami (SNRC 33F/02 et 33F/07). Ministère des Ressources naturelles du Québec. RG-99-15. 37 pages.

Geology of Canadian Mineral Deposit Types, R. I. Thorpe; Geological Survey of Canada,

C. J. R., 2003. Gold deposits in metamorphic outstanding problems, future research, and vol. 98, pages 1-29.

Hannington, M. D., Galley; A. G., Herzig, P. M., and Patersen, S., 1998. Comparaison of the TAG mound and stockwork complex with Cyprus-type massive sulphide deposits; Proceeding of the Ocean Drilling Program, Scientifi Results Volume 158, College Station, TX., pages 389-415

Hoffman, P. F., 1989. Precambrian geology and tectonic history of North America; in The Geology of North America - An overview, (ed.) A. W. Bally and A. R. Palmer; Geological Society of America, The Geology of North America, Volume A, pages 447-512.

Hoffman, P. F. 1988. United plates of America, the birth of a craton: Early Proterozoic assembly and growth of Laurentia_ ; Annual Review of Earth and Planetary Science, v. 16, pages 543-603.

Lavallée, J.-S., and Lafleur, P.-J., 2006. Eloro Resources Ltd, Rapport des travaux de forage, Hiver 2006, Propriété Lemoyne-Nord (SNRC 33G/06-11). Consul-Teck Consultant en exploration minière. 21 pages. GM 62893.


Gross, G. A., 1996. Algoma-type iron-formations. In (ed.) O. R. Eckstrand, W. D. Sinclair, and Geology of Canada, no. 8, pages 66-73.

Groves, D. J., Goldfard, R. J., Robert, F., and Hart, belts: Overview of current understanding, exploration significance. Economic Geology,


Lei, Y., and Kielt, J.-F., 2007: IAMGOLD, Rapport des travaux d'exploration, Projet Lemoyne Nord (#267), Campagne Été 2006. Gestion IAMGOLG-Québec Inc., 10 pages. GM 63089.

L'Heureux, M., and Chenard, D., 1999. Mine d'Or Virginia Inc. Exploration Boréale Inc. Rapport des travaux de terrain Été: 1999, Propriété Poste Lemoyne. 19 pages. GM 57322.

Liaghat, S., and MacLean, W. H., 1992. The.Key Tuffite, Matagami mining district: Origin of the tuff components and mass changes. Exploration and Mining Geology, vol. 1, pages 197-207.

Lydon, J.W. 1990. Volcanogenic Massive Sulphide Deposits Part 1: A. Descriptive Model; in Robert, R.G. and Sheaahan, P. A., eds., Ore Deposit Models, Geosciénce Canada, Reprint Series 3, pages 145-154:

Kerswill, J. A:, 1996. Iron-formation-hosted stratabound gold. In Geology of Canadian Mineral Deposit Types, (ed.) O. R. Eckstrand, W. D. Sinclair, and R. I. Thorpe; Geological Survey

{ of Canada, Geology of Canada, no. 8, pages 367-382.

Naldrett, A. J., 2004. Magmatic Sulfide deposits: 'Geology, geochronology and exploration. Heidelberg, Springer Verlag, 728 pages. •

Percival, J. A., 2007. Geology and Metallogeny of the Superior Province, Canada. /if Godfellow, W. D., ed., Mineral Deposits of Canada: A Synthesis of Major Deposit-Types, District Metallogeny, the Evolution of Geological Provinces, and Exploration Methods: Geological Association of Canada, Mineral Deposits Division, Special Publication No.5, pages 903- 928.

Peter,-2003. Ancient iron-rich metalliferous sediments (iron formations): their genesis and use in the exploration for stratiform base metal sulphide deposits with examples, from Bathurst Mining Camp, in Lertz, D. R., ed.;Geochemestry of Sediments and Sedimentary Rocks: Secular Evolutionary Considerations to Mineral Deposit-Forming Environments, GEOtext4.: St-John's, Geological Association of Canada, pages. 145-173.

Plante, L., 1999. Levés géophysiques RP. & MAG pour Mine d'Or Virginia et Exploration Boréale, Projet Poste Lemoyne, Région de la Baie James (SNRC 33G/06). 24 pages. GM 56456. ' ,

Poulsen, K. H., Robert, F., and Dubé, B., 2000. Geological classification of Canadian gold deposits:, Geological Survey of Canada, Bulletin 540, 106 pages.

Poulsen, K. H., 1996. Lode Gold : in. Geology of Canadian Mineral Deposits Types, (ed.) O. R. Eckstrand, W. D. Sinclair, and R. L Thorpe; Geological Survey of Canada, Geology of Canada, no 8, pages 323-328.

Roscoe, S. M., and Donaldson, J. A., 1988. Uraniferous pyritic quartz pebble conglomerate and layered ultramafic intrusions in a sequence of quartzite, carbonate, iron formation and , basalt of probable Archean age at Lac Sakami, Quebec. Geological Survey of Canada, Paper 88-1C, pages 117-121.

Sharma, K. N. M., 1977. Région de la Grande Rivière. Ministère des Richesses naturelles, Québec. RG-184, 75 pages et 3 cartes.


încExpto www.innovexplo.com

Sharma, K. N. M., 1976. La Grade Rivière area (1975 project), New Quebec Territory. Ministère des Richesses naturelles, Québec. DP-345, 26 pages et 3 cartes.

Simard, P., 1999. Mine d'Or Virginia, Propriété Lac Guyer (SNRC 33G/06-11), Rapport des travaux de terrain (31 mai au 25 juin 1999). Services Techniques Geonordic Inc. 19 pages. GM 57205.

Spry, P. G., Peter, J. M., and Slack, J. F., 2000. Meta-exhalites as exploration guides to ore, in Spry, P. G., Marshall, B., and Vokes, F. M., eds., Metamorphosed and metamorphogenetic ore deposits: Reviews in Economic Geology, vol. 1'1, pages. 163-301.

Tshimbalanga, S., 1999. GEOSIG Inc. Levés de polarisation provoquée et de Magnétométrie effectués sur la prppriété du lac Guyer (PEM-1304) située dans la municipalité de la Baie James (LG-3); SNRC (33G/11). Services Techniques Geonordic Inc. 15 pages. GM 57206.

Woolham, R. W., 1998. Final Logistics and Interpretation Report for a Combined Helicopter-Borne Magnetic and Electromagnetic Survey of the Guyer Band Project, James Bay Area, Quebec, carried out of behalf of Services Techniques Geonordic Inc. by High-Sense Geophysics Limited. 25 pages. GM 56044.

NFX Gold Inc. — Lemoyne North Property - Technical Report (43-101 noncompliant) 42

Bruno Turcotte, c. InnovExplo inc. 560-B, 3rd Avenue, Québec, Canada, J9P

~ Ca 7elletier, B. Sc., InnovExplo inc. 560-B, 31d Avenue, Val-d'Or, Québec, Canada, J9P 1S4

noyExplo www.innovexplo.com

22.0 SIGNATURE PAGE (Item 24)

TECHNICAL REPORT ON THE LEMOYNE NORTH PROPERTY - (not compliant with Regulation 43-101)

Prepared for

NFX GOLD INC. 55, Adelaide Street East, Suite 410

Toronto, Ontario, Canada. M5C 1K6 Tel.; (416) 360-8006 Fax (416) 361-1333

Signed at Val-d'Or, on February 12, 2009

Signed at Val-d'Or, on February 12, 2009

NFX Gold Inc. Lemoyne North Property - Technical Report (43-101 noncompliant) 43'

DiamExplo www.innovexplo.com

APPENDIX I

UNITS, CONVERSION FACTORS,,ABBREVIATIONS

NFX Gold Inc. - Lemoyne North Property — Technical Report (43-101 noncompliant) 44

~ ~AnooExplo www.innovexplo.com

Units

Units in this report are metric unless otherwise specified. Precious metal content is'reported in grams of metal per metric ton (g/t Au or Ag) unless otherwise stated. Tonnage figures are dry metric tons unless otherwise stated. Ounces are in Troy ounces.

Abbreviation used

°C Degrees Celsius oz Troy ounces

g Grams oz/t . Ounces per short tons

ha Hectares g/t Grams per metric tons

kg Kilograms Ppb Parts per billion

km Kilometres ppm Parts per million

mast Metres above sea level st Short tons

mm Millimetres t Metric. tons

Feet $ Canadian dollars

Conversion factors for measurements

Imperial Unit Multiplied by Metric Unit

1 inch 25.4 mm 1 foot 0.305 m 1 acre 0.405 ha

1 ounce (troy) 31.103 9 1 pound (avdp) 0.454 kg

1 ton (short) 0.907 1 ounce (troy) / t (short) 34.286 g/t

Terms and Definitions

- Abbreviation > Reference InnovExplo InnovExplo Inc.

Canadian Nickel Canadian Nickel Co.' (Inco)

Goldcorp Goldcorp Inc.

Matamec Exploration Matamec Exploration Inc.

SRK Steffen, Robertson and Kirsten , Consulting (Canada) Inc.

Strateco Resources ' Strateco Resources Inc.


45

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APPENDIX II

DETAILED LIST OF MINING TITLES


~ Y

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NTS . TITLE • NUMBER

MINING TITLE TYPE

STATUS DATE OF REGISTRATION

EXPIRY DATE t,

AREA OWNERSHIP ROYALTIES

33G/06 CDC-2110301 Designated cell' Active Jul. 24, 2007 Jul. 23, 2009 51.25 ELORO RESOURCES LTD None

33G/06 CDC-2110302 Designated cell Active Jul. 24, 2007 Jul. 23, 2009 51.25 ELORO RESOURCES LTD None

33G/06 CDC-2110303 Designated cell Active Jul. 24, 2007 Jul. 23, 2009 51.25 ,ELORO RESOURCES LTD None

33G/06 CDC-2110304 Designated cell Active Jul. 24, 2007 " Jul. 23, 2009 ,51.25 ' , ELORO RESOURCES LTD None ,



330/06 CDC-2110307 Designated cell Active Jul. 24, 2007 Jul. 23, 2009 51.25 ELORO RESOURCES LTD None

330/06 , CDC-2110308 Designated cell Active Jul. 24, 2007 Jul. 23, 2009 51.25 - ELORO RESOURCES LTD None

33G/06 CDC-2110309' Designated cell Active Jul. 24, 2007 Jul. 23, 2009 51.25 ELORO RESOURCES LTD None

330/07 CDC-2110310 Designated cell • Active Jul. 24, 2007 Jul. 23, 2009 51.25 ELORO RESOURCES LTD None -

330/07 CDC-2110311 Designated cell Active. Jul. 24, 2007 Jul. 23, 2009 51.25 ELORO RESOURCES LTD None .

33G/07 CDC-2110312 Designated cell Active. Jul. 24, 2007 Jul. 23, 2009 51.25 ELORO RESOURCES LTD None

33G/07 CDC-2110313 Designated cell Active Jul. 24, 2007 Jul. 23, 2009 51.25 ELORO RESOURCES LTD None '

33G/07 CDC-2110314 Designated cell Active Jul.24, 2007 Jul. 23, 2009 51.25 ELORO RESOURCES LTD None



33G/10 CDC-2110322 Designated cell Active Jul. 24, 2007 , Jul. 23, 2009 51.24 ELORO RESOURCES LTD None

33G/10 CDC-2110323 Designated cell Active Jul. 24, 2007 • Jul. 23, 2009 51.24 ELORO RESOURCES LTD • None

33G/10 CDC-2110324 Designated cell Active . Jul. 24, 2007 Jul. 23, 2009 51.24 ELORO RESOURCES LTD None


• 330/11 CDC-2110326 Designated cell - Active Jul. 24, 2007 Jul. 23, 2009 51.24 ELORO RESOURCES LTD None

330/11 CDC-2110327 Designated cell Active • Jul. 24, 2007 Jul. 23, 2009 • 51.24 ELORO RESOURCES LTD None

330/11 CDC-2110328 Designated cell / Active • Jul. 24, 2007 Jul. 23, 2009 51.24 ELORO RESOURCES LTD ' None

33G/11 CDC-2110329 . Designated cell Active Jul. 24, 2007 Jul. 23, 2009 51.24 ELORO RESOURCES LTD None

330/11• CDC-2110330 Designated cell Active Jul. 24, 2007 Jul. 23, 2009 51.24 ELORO RESOURCES LTD None


330/11 CDC-2110332 Designated cell Active - Jul. 24, 2007 Jul. 23, 2009 51.24 ELORO RESOURCES LTD None

33G/11 • CDC-2110333 Designated cell ,Active Jul. 24, 2007 Jul. 23, 2009 ' 51.24 ELORO RESOURCES LTD None

33G/06 CDC-92019 Designated cell Active Aug. 31, 2005 Aug. 30, 2009 51.26 ELORO RESOURCES LTD . None

33G/06 ' CDC-92020 Designated cell Active Aug. 31, 2005 Aug. 30, 2009 51.26 ELORO RESOURCES LTD None

33G/06 CDC-92021 Designated cell Active Aug. 31, 2005 Aug. 30, 2009 51.26 - ELORO,RESOURCES,LTD None

33G/06 CDC-92022 Designated cell Active Aug. 31, 2005 Aug. 30, 2009 51.26 ELORO RESOURCES LTD None

33G/06 -- CDC-92023 Designated cell Active Aug. 31, 2005 Aug. 30, 2009 51.26 , ELORO RESOURCES LTD None


33G/06 CDC-92025 Designated cell Active ' Aug. 31, 2005 Aug. 30, 2009 51.25 ELORO RESOURCES LTD None


33G/06 CDC-92027 Designated cell Active Aug. 31, 2005- Aug. 30, 2009 51.25 ELORO RESOURCES LTD None

3301,06 CDC-92028 Designated cell . Active Aug. 31, 2005 Aug. 30, 2009 51.25 ELORO RESOURCES LTD None

33G/06 CDC-92029 Designated cell Active Aug. 31, 2005 Aug. 30, 2009 . 51.25 . ELORO RESOURCES LTD - None

330106 ' CDC-92030 Designated cell Active Aug. 31, 2005 Aug. 30, 2009 51.25 ELORO RESOURCES LTD None

330/11 , CDC-92031 Designated cell Active Aug. 31, 2005 Aug. 30, 2009 51.24 ELORO RESOURCES LTD None .

33G/11 . CDC-92032 Designated cell Active Aug. 31, 2005 Aug. 30, 2009 , 51.23. ELORO RESOURCES LTD None

33G111 CDC-92033 Designated cell . Active Aug. 31, 2005 Aug. 30, 2009 51.23 ELORO RESOURCES LTD None

33G/11. CDC-92034 . Designated cell Active Aug. 31, 2005 Aug. 30,2009 51.23 ELORO RESOURCES LTD None

33G/11 CDC-92035 Designated cell Active Aug. 31, 2005 . Aug. 30, 2009 51.22 ELORO RESOURCES LTD None

33G111 CDC-92036 Designated cell Active Aug. 31, 2005 Aug. 30, 2009 51.22 ELORO RESOURCES LTD None

330/11 CDC-92037 Designated cell Active Aug._31, 2005 Aug. 30, 2009 51.22 .ELORO RESOURCES LTD None

33G/06 • CD,O-92572 Designated cell Active • Sep. 06, 2005 Sep. 05, 2009 . 51.25 ELORO RESOURCES LTD None

330/06 CDC-92573 Designated cell Active. Sep., 06, 2005 Sep. 05, 2009 51.25 ELORO RESOURCES LTD ' None

NFX Gold Inc. - Lemoyne. North Property - Technical Report (43-101 noncompliant)

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NTS TITLE NUMBER

MINING TITLE TYPE


EXPIRY DATE


33G/06 CDC-92574 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.26 ELORO RESOURCES LTD None • 330/06 CDC-92575 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.26 ELORO RESOURCES LTD None 33G/06 CDC-92576 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.26 ELORO RESOURCES LTD None 33G/06 CDC-92577 Designated cell • Active Sep. 06, 2005 Sep. 05, 2009 51.26 ELORO RESOURCES LTD None , 33G/06 CDC-92578 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.26 ELORO RESOURCES LTD ' None 33G/06 CDC-92579 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.25 ELORO RESOURCES LTD , None 33G/06 CDC-92580 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.25 ELORO RESOURCES LTD None 33G/06 CDC-92581 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.25 ELORO RESOURCES LTD None 330/06 ._ CDC-92582 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.25 ELORO RESOURCES,LTD None 330/06 CDC-92583 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.25 ELORO RESOURCES LTD None 330/06 CDC-92584 - Designated cell ' Active Sép. 06, 2005 Sep. 05, 2009 51.25 ELORO RESOURCES LTD None 330/06 CDC-92585 Designated cell Active Sep. 06, 2005 , Sep. 05, 2009 51.25 ELORO RESOURCES LTD None 33G/06. CDC-92586 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.25 ELORO RESOURCES LTD None 33G/06 CDC-92587 Designated cell Active Sep.-06,_2005 Sep. 05, 2009 51.25 ELORO RESOURCES LTD None 330/06 CDC-92588 Designated cell 'Active Sep. 06, 2005 Sep. 05, 2009 51.25ELORO RESOURCES LTD None 330/06 CDC-92589 Designated cell , Active. Sep. 06, 2005 Sep. 05, 2009. 51.25 ELORO RESOURCES LTD None ' 330/06 CDC-92590 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.25 ELORO RESOURCES LTD ' None. 330/06 CDC-92591 Designated cell _ Active Sep. 06, 2005 Sep. 05, 2009- 51.25 ELORO RESOURCES LTD None 33G/06 CDC-92592 Designated'cell Active Sep. 06, 2005 Sep. 05, 2009 51.25 ELORO RESOURCES LTD , None 330/06 CDC-92593 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.25 ELORO RESOURCES LTD None • 33G/11 " CDC-92594 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92595 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD " None 33G/11 • CDC-92596' Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92597 Designated cell Active Sep. 06, 2005 , Sep. 05, 2009 51.24 ELORO RESOURCES LTD: None 33G/11 CDC-92598 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.23 ELORO RESOURCES LTD None 33G/11 CDC-92599 Designated cell Active Sep. 06, 2005 `Sep. 05, 2009 51.23 ELORO RESOURCES LTD None 33G/11 CDC-92600 Designated cell . Active Sep. 06, 2005 Sep. 05, 2009 51.22 ELORO RESOURCES LTD None 33G/11 CDC-92601 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92602 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92603 Designated cell / Active Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92604 Designated cell '•\ Active Sep. 06, 2005 Sep. 05, 2009 51.24 / , ELORO RESOURCES LTD None 33G/11 CDC-92605 Designated cell Active Sep. 06,2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92606 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 . CDC-92607 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92608 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92609 • Designated cell " Active Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92610 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92611 Designated cell Active. Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92612 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.24 ,ELORO RESOURCES LTD None 330/11 CDC-92613% Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD No-ne 33G/11 • CDC-92614: Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92615' . Designated cell Active Sep. 06' 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92616 Designated cell Àctive Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92617 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.24 ELORO RESOURCES LTD None 33G/11 CDC-92618 Designated cell Active . Sep. 06, 2005 Sep. 05, 2009 51.23 ELORO RESOURCES LTD None ' 33G/11 CDC-92619 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.23 ELORO RESOURCES LTD None 33G/11 CDC-92620 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.23 ELORO RESOURCES LTD None 33G/11 CDC-92621 'Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51`23 ELORO RESOURCES LTD None ' 33G/11 CDC-92622 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.23 ELORO RESOURCES LTD None 33G/11 CDC-92623 Designated cell, Active Sep. 06, 2005 Sep. 05, 2009 51.23 ELORO RESOURCES LTD ` None 33G/11 CDC-92624 "Designated cell Active ' Sep. 06, 2005 Sep. 05, 2009 51.23 i. ELORO RESOURCES LTD None

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NTS TITLE NUMBER

MINING TITLE TYPE


EXPIRY DATE


33G/11 CDC=92625 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.22 ELORO RESOURCES LTD . None,

33G/11 CDC-92626 Designated cell Active . Sep. 06, 2005 Sep. 05, 2009 51.22 ELORO RESOURCES LTD None • 33G/11 CDC-92627 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.22 ELORO RESOURCES LTD None

333/11 CDC-92628 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 51.22 ELORO RESOURCES LTD None

33G/11 CDC-92629 Designated cell Active Sep. 06, 2005 Sep. 05, 2009 .51.22 ELORO RESOURCES LTD None

33G/06 CDC-2003206 Designated cell Active . Mar. 22, 2006 Mar. 21, 2010 51.26 ELORO RESOURCES LTD None

333/06. CDC-2003207 Designated cell Active Mar. 21,, 2006 Mar. 21, 2010' 51.26 ELORO RESOURCES LTD None

33G/06 CDC-2003208 Designated cell Active Mar. 22, 2006 Mar. 21, 2010 51.26 ELORO RESOURCES LTD None

• 330/06 CDC-2020071 Designated cell Active Jul. 06, 2006 Jul. 05, 2010, 51.27 ELORO RESOURCES LTD None

330/06 _ CDC-2020072 Designated cell Active Jul. 06, 2006 • Jul. 05, 2010 51.27 ELORO RESOURCES LTD None

33G/06 CDC-2020073 Designated cell Active • Jul. 06, 2006 Jul. 05, 2010 51.26 ELORO RESOURCES LTD None

33G/06 CDC-2020074 • Designated cell ; . Active Jul. 06, 2006 Jul. 05, 2010 51.26 ELORO RESOURCES LTD None

330/06. CDC-2020075 Designated cell Active Jul. 06, 2006 Jul. 05, 2010 51.26 ELORO RESOURCES LTD None


330/06 CDC-2020077 Designated cell Active Jul. 06, 2006 Jul. 05, 2010 51.26 ELORO RESOURCES'LTD None

33G/06 CDC-2020078 Designated cell Active _ Jul. 06, 2006 Jul. 05, 2010 51.26 ELORO RESOURCES LTD None

. 333/06 CDC-2020079 .Designated cell Active Jul. 06, 2006 Jul. 05, 2010 51.26 ELORO RESOURCES LTD None •


33G/06 CDC-2020081 Designated cell Active Jul., 06, 2006 Jul. 05, 2010 , 51.26 ELORO RESOURCES LTD • . None

33G/11 'CDC-2020082 Designated cell Active Jul. 06, 2006 Jul. 05, 2010 51.24, , ELORO RESOURCES LTD None

330/11 CDC-2020083 Designated cell Active Jul. 06, 2006 Jul. 05, 2010 51.24 ' ELORO RESOURCES LTD None

33G/11 CDC-2020084 Designated cell Active Jul. 06, 2006 , Jul. 05, 2010 51.24 ELORO RESOURCES LTD , None

NFX Gold Inc. - Lemoyne North Property- Technical Report (43-101 noncompliant) 49

Documents

TECHNICAL REPORT ON THE LEMOYNE NORTH PROPERTYgq.mines.gouv.qc.ca/documents/EXAMINE/GM64245/GM64245.pdf · 2019-08-26 · quartz-carbonate vein deposits) 24 8.3 Archean:volcanogenic