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SUMMARY
Beattie Gold Mines Ltd. owns a 100% interest in a contiguous group of mining
claims covering 381.30 hectares, held under Concession Miniere # 292, in Range Vl,
Duparquet Township, Quebec. The claim block is located 20 miles north of Noranda,
Quebec, and encompasses the former producer, the Beattie Mine, which by itself
produced 9,257,321 tons of ore, grading 0.124 oz/t Au between the years 1933 to 1956.
A total of 1,116,876 oz. Au was produced up until and including 1956.
Donchester Gold Mines Ltd. (under 173714 Canada Inc.) owns 100% interest
in a contiguous group of mining claims, adjoining to the east of the Beattie concession,
totalling 333.3 hectares, held under Concession Miniere # 384, in Range VI, Duparquet
Township, Quebec. Some 1,350,000 tons of ore, grading 0.136 oz/t Au was produced
between 1946 and 1956.
Except for a small surface exploration programme in 1966, the property
remained dormant from 1956-1987. From 1987 to the present, considerable exploration,
largely diamond drilling, has taken place on the property.
The Beattie concession covers part of the geologically important Porcupine-
Destor Fault which traverses the property in a southeast direction. There are at least
2,100 metres of strike lengths of structures striking east-west through the claim group,
which are off-shoots from the Porcupine-Destor Fault, known as the Beattie and
Donchester Faults.
Gold mineralization, at the Beattie mine and other producers on strike with the
Beattie, appear to be related to late intrusions of syenite and/or feldspar porphyries in
the Keewatin volcanics along lines of weakness adjacent to, or coincident with, the
Beattie and Donchester Faults.
Other than in the immediate area of the Beattie mine, the property was
relatively unexplored. From 1987 to the present day, exploration work has resulted in
the discovery of the South Zone, and extended resources on the North Zone to the
east.
Unfortunately, some of the old mine records were lost or destroyed over the
years. The latest complete records of reserves and production showing stope outlines
occurs on a January 1, 1954, longitudinal section which has been used by the writer in
his resource inventory for underground blocks. At present, it is estimated that the total
resource inventory at the Beattie mine for both near-surface and underground blocks
stands at 1,537,000 tonnes averaging 3.896 g.Au/t (measured and indicated). In
addition, there are 1,617,600 tonnes of inferred resources grading 3.665 g.Au/t. plus
9,629,244 tonnes grading 0.92 g.Au/t, 84.7% recoverable, from the Large Tailings area.
Potential for increasing this resource inventory lies to the east for the near-surface
zones and at depth for the underground blocks. Also, closer spaced drilling in the
inferred blocks could upgrade these resources to the indicated category. At the
Donchester property there are 139,800 tonnes grading 6.295 g.Au/t of indicated
resources and 2,103,200 tonnes grading 3.363 g.Au/t of inferred resources.