TECHNICAL REPORT ON

THE AURA PROPERTY

TECHNICAL REPORT ON

THE AURA PROPERTY

 

SOUTH WESTERN BRITISH COLUMBIA

 

Prepared for

PROJECT ONE RESOURCES LTD.

459 – 409 Granville St.,

Vancouver, B.C.,

V6C 1T2

 

Author

  1. VON EINSIEDEL, P.GEO.

 

Effective Date

October 31, 2019

 

TABLE OF CONTENTS

 

ITEM 1:                 SUMMARY                                                                                                                                            5

 

ITEM 2:                 INTRODUCTION                                                                                                                                  7

 

ITEM 3:                 RELIANCE ON OTHER EXPERTS                                                                                                      7

 

ITEM 4:                 PROPERTY DESCRIPTION AND LOCATION                                                                                 8

 

ITEM 5:                 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE &                              10

PHYSIOGRAPHY

 

ITEM 6:                 HISTORY                                                                                                                                               11

ITEM 7:                 GEOLOGICAL SETTING AND MINERALIZATION                                                                     14

 

ITEM 8:                 DEPOSIT TYPES                                                                                                                                  16

ITEM 9:                 EXPLORATION WORK COMPLETED IN 2018                                                                            18

 

ITEM 9A:              EXPLORATION WORK COMPLETED IN 2018                                                                            19

 

ITEM 9B                STATEMENT OF COSTS                                                                                                                   20

ITEM 10:               DRILLING                                                                                                                                             22

ITEM 11:               SAMPLE PREPARATION, ANALYSIS AND SECURITY                                                              22

 

ITEM 12:               DATA VERIFICATION                                                                                                                       22

 

ITEM 13:               MINERAL PROCESSING AND METALLURGICAL TESTING                                                   22

ITEM 14:               MINERAL RESOURCE ESTIMATES                                                                                               22

ITEM 15 -22:       ADVANCED PROPERTY DISCLOSURE                                                                                         22

 

ITEM 23:               ADJACENT PROPERTIES                                                                                                                 23

 

ITEM 24:               OTHER RELEVENT DATA AND INFORMATION                                                                       23

ITEM 25:               INTERPRETATION AND CONCLUSIONS                                                                                    23

ITEM 26:               RECOMMENDATIONS                                                                                                                    24

 

ITEM 27:               REFERENCES                                                                                                                                       25

 

DATE AND SIGNATURE PAGE (CERTIFICATE OF QUALIFIED PERSON)                                                         26

 

APPENDIX 1:      LIST OF REPORT FIGURES                                                                                                             28

 

Fig 1       Regional Locator Map Showing Project Location, Access Roads, and Existing Mineral Claims (1:300,000 scale)

Fig 2       Regional Geological Map Showing Minfile Occurrences (1:300,000 scale)

Fig 2A    Legend to Accompany Regional Geological Map

Fig 3       Project Area Topographic Map Showing Mineral Tenures and BC Minfile Prospects (1:50,000 scale)

Fig 4       Project Area Index Map Showing Historic Noranda claim boundaries, historic gold geochemical data compilation,  Aura Breccia Zone and 2011 3DIP survey lines; and, area covered by 2018 airborne geophysical survey (1:50,000 scale)

Fig 5       Project Area Compilation Map Showing historic gold geochemical data compilation,  Aura Breccia Zone and 2011 3DIP survey lines; and,  2018 airborne magnetic survey with interpreted target areas             (1:50,000 scale)

Fig 6       Detail Index Map Showing Aura Breccia Zone, Primary Target Areas identified by the 2018 Airborne Survey and Location of RGS Gold in Stream Anomaly  (1:15,000 scale)

Fig 7       Detail Area Satellite Image Showing Aura Breccia Zone, Primary Target Areas identified by the 2018 Airborne Survey and Location of RGS Gold in Stream Anomaly   (1:15,000 scale)

Fig 8:      Detail Topographic Map Showing Stage 1 Program Soil Geochemical Results (Gold) for the NW, NE and South Target Areas (1:10,000 scale)

 

Note:    Figure 9 and 10 included in Section 6 shows the plan view and interpretation of the Aura Breccia Zone IP Survey completed by Longacre in 2011 and show the location of the mineralized outcrop and 75 meter sample profile reported by Noranda in 1989 and the location of the verification and validation samples submitted for analysis in 2018.

 

 

 

APPENDIX 2:      LIST OF DETAIL TARGET MAPS FOR FIELD MAPPING                                                        25

 

Figure 11:            Detail View – Aura Target Area Showing Airborne Magnetic Survey Image and Outline of Exposed Silicified Breccia Mineralization, Soil  (1:5,000 scale)

Figure 12:            Detail View – Aura Target Area 5 Meter Contour Topographic Map Showing Outline of Exposed Silicified Breccia Mineralization (1:5,000 scale)

Figure 13:            Detail View – Aura Target Area- Satellite Image Showing Extent of Forest / Vegetation Cover  (1:5,000 scale)

Figure 14:            Detail View – Aura Target Area- High Resolution Air Photo Image Showing Extent of Forest / Vegetation Cover  (1:5,000 scale)

Figure 15:            Detail View – South Target Area Showing Airborne Magnetic Survey Image  (1:5,000 scale)

Figure 16:            Detail View – South Target Area 5 Meter Contour Topographic Map Showing Outline of Silicified Breccia Mineralization (1:5,000 scale)

Figure 17:            Detail View – South Target Area- Satellite Image Showing Extent of Forest Cover and Location of South Target  (1:5,000 scale)

Figure 18:            Detail View – South Target Area- High Resolution Air Photo Image Showing Extent of Forest Cover and Location of South Target  (1:5,000 scale)

Figure 19:            Detail View – NE and NW Target Area Showing Airborne Magnetic Survey Image  (1:5,000 scale)

Figure 20:            Detail View – NE and NW Target Area 5 Meter Contour Topographic Map Showing Outline of Silicified Breccia Mineralization (1:5,000 scale)

Figure 21:            Detail View – NE and NW Target Area- Satellite Image Showing Extent of Forest Cover and Location of NE and NW Target  (1:5,000 scale)

Figure 22:            Detail View – NE and NW Target Area- High Resolution Air Photo Image Showing Extent of Forest Cover and Location of NE and NW Target  (1:5,000 scale)

 

Item 1:  Summary

Project One Resources (“Project One”) holds a 100% interest in the Aura Property (“the Property”) located in south western B.C. approximately 10 km east of the Coquihala Highway 25 kilometers northeast of the community of Hope.  The Property currently comprises five mineral tenures (2,705.56 hectares) which were acquired by direct purchase and staking with no underlying option payments or Royalties.  The Property could potentially be accessed by extensions of existing forest service roads along the Tulameen River Valley approximately two kilometers to the east of the Property however, the simplest way to access the project area for exploration work is by helicopter from bases near Hope.

 

Previous exploration work by Noranda in the late 1980’s identified a gold bearing, silicified, breccia zone that was interpreted as a high level epithermal type occurrence (referred to as the Aura Breccia or Aura gold prospect) in the south eastern part of the current Property.  Mineralization is exposed on a moderately steep slope however, contacts and potential extensions are overburden covered and the geometry of the zone has not been determined.  Preliminary sampling by Noranda in 1990 indicated that the breccia zone was consistently mineralized and returned gold values ranging from several hundred ppb to 1,830 ppb (equivalent to 1.830 g/t gold).  According to Noranda, 51 continuous 1.5 meter samples (collected along the trend of the zone) returned an average grade of 0.503 g/t gold over a length of 75 meters including a 13.5 meter section that averaged 1,034 ppb (equivalent to 1.034 g/t). 

 

The geology of the project area is relatively simple. Tertiary aged volcanic rocks (Coquihalla Volcanic Complex) lie unconformably on the Cretaceous aged Eagle Granodiorite plutonic complex.  Reconnaissance scale geological mapping, soil geochemical sampling and geophysical surveys completed by Noranda indicated the Aura Breccia Zone is localized along a contact between volcanic rocks and intrusive rocks and indicated potential for extensions of the zone.  Follow-up drill testing was recommended in 1990 by Noranda but was not carried out and the claims were allowed to lapse. 

 

During 2011, Longacre Resources (“Longacre”) verified the rock sampling results reported by Noranda and carried out a preliminary 3D IP survey.  The 3DIP survey confirmed there are chargeability responses associated with the known mineralization and at depth.  According to SJ Geophysics the geophysical anomaly identified at depth appears to be larger than the response associated with the observed mineralization and is open along strike to the northeast.

 

Based on the results published by Noranda and Longacre, Project One acquired the Property in January of 2018 and completed an airborne geophysical survey designed to assess the potential for discovery of additional mineralized breccia zones.  The survey consisted of 315 line kilometers of helicopter borne magnetic and radiometric surveys, satellite image analysis and digital elevation modelling and a systematic evaluation of available stream, soil and rock geochemical data for the project area.  The objective of the airborne survey was to identify areas which exhibit characteristics that are similar to the Aura Breccia Zone.  Three high priority target areas located approximately 1.5 kilometers north of the Aura Breccia were identified as having a similar magnetic signature, depth estimation and geological setting.  .  The airborne targets (referred to as the NW Target, the NE Target and the South Target) are clustered in the west central part of the Property upslope of a significant “gold in stream” anomaly (117 ppb or 0.117 g/t gold) reported by the BCGS.  Available satellite images show that all of these targets are overburden covered and the author recommended that Project One carry out detailed soil geochemical surveys to assess the new targets.

 

During the fall of 2018 and the summer of 2019 Project One carried out a follow up soil sampling program designed to evaluate the three high priority target areas.  Field crews made multiple helicopter assisted flights to establish 50 meter spaced grids over each of the three target areas and construct an emergency camp in case weather conditions prevented helicopter access.  The author, accompanied by two field technicians collected a total of 420 soil samples at 25 meter intervals within the three grids.  Two of the grids returned anomalous gold values.

 

The most significant anomaly was identified in the southernmost of the three target areas (referred to as the South Target) and consists of an east west trending response that was traced for 300 meters.  Moderately strong gold values reported from the South Target range from 15 to 66 ppb within a broader halo of 5 to 15 ppb responses and the anomaly appears to be open to the east and west. . A single anomalous response was identified within the NW target however only one sample returned a value of over 15 ppb.  The South Target lies approximately one kilometer north of the Noranda Showing.

 

The South Target area is heavily forested and will require prospecting, hand trenching and detailed geological mapping to determine the source of the anomalous gold values.  Extension of the soil grid over the South Target would also be helpful in determining the overall strike extent if a new mineralized zone is identified.  

 

It is recommended that the next stage of exploration work (Stage 2A) at the Aura Property consist of detailed soil sampling (approximately 250 samples) and prospecting to identify the bedrock source of the anomalous gold values.  Once the extent of the anomaly has been delineated hand trenching should be completed at the locations that return the highest “gold in soil” values.  It is also recommended that reconnaissance scale geochemical surveys and geological mapping be carried out to assess the series of magnetic lineaments interpreted as possible structurally controlled mineralization localized at or near the bedrock – overburden interface approximately 2.5 kilometers west of the Noranda Target.  These programs are considered low impact and do not require permitting.  The total estimated cost of the proposed follow up program is $100,000. 

 

In the event that gold bearing, silicified breccia zones similar to the Aura Breccia Zone are identified during the next stage of exploration follow up IP surveys and drilling would be warranted however the costs of these programs can not be estimated at this stage.  This type of follow up work will require permitting through the Ministry of Mines and consultation with affected First Nations.

 

Item 2:  Introduction

 

The Author was retained by the Board of Directors of Project One Resources (“Project One” or “the Company”) to review historic technical reports related to the Aura Property (or “the Property”), supervise a preliminary exploration program to further evaluate the project, and, if warranted, outline recommendations for a follow-up exploration program.  

 

The available technical data for the Aura Property consists of regional geological information compiled by the BCMEM and documentation regarding field investigations completed within the project area by  the Company, various previous operators including Noranda and Longacre Resources.  Sources are listed in the References section of this Report and are cited where appropriate in the body of the Report. 

 

This Report was prepared in accordance with National Instrument 43-101.  The Qualified Person, who is the Author of this Report, supervised the exploration work carried out by the Company as well as by Longacre and has visited the Aura Property numerous times.  The author’s most recent site visit was August 20, 2019.  The scope of the site visit was to examine new target areas identified as a result of the exploration work carried out by Project One in the summer of 2019.

 

 

Item 3: Reliance on Other Experts

 

The Author has prepared this report based on information that is believed to be accurate but which is not guaranteed.  The technical reports listed in the References section of this Report appear to have been completed by geologists and professional geoscientists without any promotional or misleading intent and the Author has no reason to doubt the accuracy or completeness of the contained information.

 

The Author conducted an online title search on August 31, 2019 to verify that all of the mineral claims that comprise the Aura Property are registered in the name of Project One Resources and are in good standing with the BC Ministry of Energy and Mines (“BCMEM”). 

 

To the best of the Author’s knowledge at the time of writing this Report, the Property is free of any liens or pending legal actions and is not subject to any underlying royalties, back-in rights, payments or other encumbrances.  To the best of the Author’s knowledge, there are no known existing environmental liabilities to which the property is subject, other than the requirement to mitigate any environmental impact on the claims that may arise in the course of normal exploration work and the requirement to remove any camps constructed on the Property or any equipment used in exploration of the claims in the event that exploration work is terminated.

 

 

Item 4: Property Description and Location

 

On March 28, 2018 Project One acquired a 100% interest in five contiguous mineral tenures comprising 2,705.56 ha. that are located approximately 25 kilometers northeast of Hope, in south western BC.   All of the claims that comprise the Aura Property were staked pursuant to the BCMEM MTO (Mineral Titles Online) system .  The earliest expiry date of the current claim package is December 30, 2020. The location of the Property relative to other mining claims, local communities, and access roads is shown in Figure 1.  The individual claim tenure numbers are shown in Figure 3.  The Property is located on BC TRIM Map Sheet No.s 92H045 and 92H055.  The approximate geographic centre of the property is UTM 5486500N and 643500E NAD 83 Zone 10.

 

Project One holds a 100% undivided interest in the Property and there are no underlying option payments or royalties payable by the Company in respect of any of the mineral tenures that comprise the Property.  

 

The Property comprises an irregular shaped block of ground that totals 2,705.56 ha. and is located approximately 10 kilometers east of the Coquihalla Highway.  At present there are no existing access roads on the property and as such the simplest way to access the project area is by helicopter. The mineral cell title claim statistics are summarized in Table 1; note that this claim information is not a legal title opinion but is a compilation of claims data based on the Author’s review of the government of the British Columbia Mineral Rights inquiry website (BC Mineral Titles, October 31, 2018).  The mineral claims do not have to be legally surveyed since they are BC Government established cell claims.

 

Table 1.  List of mineral tenures

 

Tenure Number

Owner

FMC Number

Good To Date

Area (ha)

841693

Project One (100%)

285240

2020/Dec/30

104.87

841698

Project One (100%)

285240

2020/Dec/30

104.86

841690

Project One (100%)

285240

2020/Dec/30

104.89

1058608

Project One (100%)

285240

2020/Dec/30

1,635.87

1060411

Project One (100%)

285240

2020/Dec/30

755.05

 

 

There are no existing exploration permits issued by the Ministry of Mines for the Property, however the proximity to the former Carolin Mine and Treasure Mountain Mine suggests that the area is available for exploration and mining work.  No permits are required to carry out the proposed exploration program.

 

BC Mines Requirements

 

Prior to July 1, 2012 BC Ministry of Mines regulations required that title to the claims be maintained through the performance of annual assessment work filings and payment of required fees.  For the first three years after a claim was staked a minimum of $4.00 per hectare in eligible exploration and development expenditures needed to be incurred.  In subsequent years, a total of $8.00 per hectare in eligible exploration expenses needed to be incurred.  Effective July 1, 2012 new regulations came into effect that changed the requirements from a 2-tier system to a 4-tier system and have significantly increased the minimum exploration expenditures that are required to maintain mineral tenures in good standing.  Under the new regulations all mineral tenures are deemed to be in their first anniversary year and the new minimum exploration expenditures will be $5.00 per hectare for anniversary years 1 and 2, $10.00 per hectare for anniversary years 3 and 4, $15.00 per hectare for anniversary years 5 and 6, and $20.00 per hectare for each subsequent anniversary year.

 

Prior to July 1, 2012 holders of mineral tenures had the option of making payments in cash that were equivalent to the minimum exploration and development expenditures (referred to as PIED) required by the Ministry of Mines instead of incurring the required expenditures.  Under the old regulations a minimum of one day and a maximum of one year of PIED could be applied to mineral tenures. Under the regulations that come into effect on July 1, 2012, the holders of mineral tenures would still have the option of making payments instead of exploration and development work, however the new PIED rate will be set at double the value of the minimum exploration and development expenditures required.  In addition to the changes in the PIED rate, tenure holders who elect to make payments in lieu of incurring expenditures will need to pay for a minimum of 6 months, which under the new regulations will be equivalent to the minimum expenditures for an entire year.  Similar to the assessment work requirements, if a recorded holder wishes to register PIED, the claim will also be treated as if it is in its first anniversary year for the purpose of calculating the assessment requirement, as of the date of implementation (July 1, 2012).

 

To the best of the Author’s knowledge government permits were not required to carry out the Stage 1 exploration program but will be required to carry out any follow up work if such work were to include activities such as drilling or access road construction.  These programs would then require application to the BCMEM for permits and Project One may be required to post security equivalent to the estimated costs of any reclamation work which will be required after completion of the proposed exploration work. 

 

To the best of the Author’s knowledge, approval from local First Nations communities may also be required to carry out the proposed Stage 2 exploration program.  The reader is cautioned that there is no guarantee that Project One Resources will be able to obtain approval from local First Nations. However, the Author is not aware of any problems encountered by other junior mining companies in obtaining approval to carry out similar programs in nearby areas nor is the Author aware of any instances where local First Nations communities have objected to exploration work in the general project area.

Item 5:  Accessibility, Climate, Local Resources, Infrastructure and Physiography

 

The Aura Property is located in the New Westminster Mining Division in south-western British Columbia.  The nearest community is Hope, B.C. located approximately 25 km to the southwest. The nearest major road is the Coquihalla Highway located approximately 10 km west of the Property.  There are currently no useable access roads onto the Property.

 

The Aura Property comprises an irregular shaped block surrounding Coquihalla Mountain.  The claim block is approximately 5 km by 5 km. The center of the Property is at  approximately 642406m East and 5487027m North – UTM Zone 10 (NAD 83).  The southern part of the Property straddles Jim Kelly Creek, which drains southeasterly into the Tulameen River approximately two kilometers east of the Property.  Access to the neighbouring Treasure Mountain Property – owned by TSX listed Nicola Mining – is via an existing logging road that traverses the Tulameen River located approximately 2 kilometers to the east of the Property.  The Property could potentially be accessed by extending  this existing forest service road however, the simplest way to access the project area for exploration work is by helicopter from the commercial helicopter bases near Hope.

 

The Property is located in mountainous terrain that can be subject to severe winter weather conditions.  Temperatures are moderate with annual rainfall recorded at Hope BC of 177 cm and annual snowfall recorded at 170 cm.  Exploration work should be carried out between May and October to avoid potential problems due to poor weather conditions.  Overall relief within the Property is 880 meters and ranges from 1,280 meters a.s.l. at Jim Kelly Creek in the southern part of the Property to 2,160 meters a.s.l. at the peak of Coquihalla Mountain.  Vegetation is alpine to sub-alpine at elevations above 1,615 meters and is conifer forest at lower elevations.  The main work area within the Property is located in the east central part of the claim area as shown in Figure 4.

 

There are abundant water sources within and adjacent to the Property.  At present there are no power sources available at the Property and there have been no engineering studies undertaken to determine costs or potential environmental impacts. 

To the best of the Author`s knowledge, the surface rights to the Property are currently held by the Province of British Columbia.  In the event that a significant mineralization is identified, an application that includes detailed environmental impact studies must be made to the BC Land Title and Survey Authority (LTSA) for surface rights prior to initiation of any advanced exploration or mining activities.  No detailed assessment has been undertaken to determine if there are areas within the Property that could be used for tailings and or waste disposal.  The reader is cautioned that there is no guarantee that areas for potential mine waste disposal, heap leach pads, or areas for processing plants will be available within the Property.

 

 

Item 6:  History

 

The earliest reports of exploration work within the project area were documented in the early 1900’s.  Gold-bearing quartz veins were reportedly worked on in the upper reaches of Jim Kelly Creek located in the southern part of the Property. According to the BCMEM database, these veins were being worked for gold in 1914 (BCDMAR 1914 p. K232).  It is important to note that these occurrences are believed to be located immediately south of the Property, but the exact location of this occurrence has not been identified.  Figure 1 and 2 show the location of several BCMEM Minfile Showings that are believed to be the approximate location of the reported gold and silver veins.

 

A reconnaissance program targeting the Tertiary Coquihalla Volcanic Complex, which is exposed within the property, was implemented by Noranda Exploration during the 1988 summer field season. Grab samples were collected from several outcrops and returned weakly to highly anomalous gold values. From August 6 to August 27, 1989 Noranda completed a work program of grid establishment, soil sampling, rock geochemistry, geophysics, petrography and geologic mapping.  In total 11.6 line km of grid was cut, 420 soils were collected, 172 rocks were analyzed, 7.8 km of ground magnetometer work was completed, and a preliminary geologic map was produced (Erdman, 1989).  Mineralization identified during that program is exposed on a steep slope over a length of approximately 100 meters however contacts and potential extensions are overburden covered and the geometry of the zone was not determined.  Fifty one continuous 1.5 meter chip samples collected along the trend of the outcrop of quartz breccia returned consistently anomalous levels of Au and Ag. The average over 76 meters was 514 ppb Au (equivalent to 0.514 g/t gold) and 5.4 ppm Ag, including a 13.5 m section of 1034 ppb Au (equivalent to 1.034 g/t gold) and 9.6 ppm Ag – this has been called the Aura Breccia Zone. Soil geochemistry defined a 400 m long linear trend of weakly anomalous gold values that was located south and sub-parallel to the breccia outcrop.  In 1990 the grid was extended to the east and a total of 202 additional soil samples were collected.

 

During August and September of 2011 Longacre Resources carried out an exploration program designed to confirm the results reported by Noranda and determine if additional exploration work was warranted.  Systematic rock sampling was carried out to verify the anomalous results reported by Noranda from the exposed mineralized breccia zone and a three dimensional induced polarization (3D IP) survey was completed to determine if the observed mineralized zone has a distinctive chargeability response and to assess potential depth extensions of the observed mineralization. 

 

the 3DIP survey consisted of five lines (two receiver lines and three transmitter lines) in a 600 m x 200 m grid elongated to the northwest.  The results of the 3DIP survey are consistent with the previous geologic mapping in that a zone of anomalously high chargeability (~15 ms) in the shallow subsurface coincides with the location of the Aura Breccia Zone.  Of note however, a much larger zone of high chargeability was identified at depth – if this is similarly mineralized, it would be a worthwhile drilling target (see Figure 10).  Figure 9 shows the plan view of the Aura breccia Zone IP Survey and shows the location of the mineralized outcrop and 75 meter sample profile reported by Noranda and the location of the verification and validation samples submitted for analysis in 2018.

 

The location of the Aura Breccia Zone, the soil geochemical surveys completed by Noranda and the location of the IP survey lines completed by Longacre Resources are shown in Figure 4.    All of the areas worked on and sampled by Noranda are located within the boundaries of the current Aura Property.  

 

 

Item 7:  Geological Setting and Mineralization

 

Regional geology

 

The Tertiary aged Coquihalla Volcanic Complex occurs in the northern part of the Cascade Mountains; near the physiographic boundaries with the Coast Mountains to the west and the Interior Plateau to the east. The eastern boundary roughly corresponds to the tectonic division between the Coast Plutonic Complex and the Intermontane Belt.  The Tertiary Volcanic Complex lies un-conformably over the Cretaceous aged Eagle Plutonic Complex on all sides except to the southwest, where it is in fault contact with Eocene aged clastic rocks (Grieg, 1988).  

 

The Volcanic Complex covers approximately 30 square km and is exposed at elevations between 840 m and 2160 m. It is composed of calc-alkaline acidic to intermediate extrusive and intrusive rocks.  Avalanche breccias and minor amounts of epiclastic conglomerate and sandstone are also present.

 

The Eagle Plutonic Complex is a large body of gneissic granodiorite, muscovite granite and heterogeneous gneiss (Grieg, 1988). It is the southern part of the Mount-Lytton Eagle Complex, an elongate north northwest trending plutonic complex that has a length of over 200 km.

 

Property Geology

 

The area covered by the Aura Property is primarily underlain by rocks of the Tertiary aged Coquihalla Volcanic Complex. These were mapped in detail by Berman (1979) and by Erdman (1989). Rocks of the Eagle Granodiorite are exposed in outcrop in the southern part of the Property.

 

According to Noranda, the Tertiary aged igneous rocks are sub-divided into seven map units based on textural and mineralogical properties. Two of the seven members are extrusive while the remaining five are all intrusive that are emplaced within the extrusive members. An acidic pyroclastic tuff has the greatest aerial extent and is present throughout most of the claim block. Intruding into this are a flow banded rhyolite (possibly a remnant of a rhyolite dome), a dioritic to quartz-dioritic stock, pyroxene and hornblende andesites, and a hornblende dacite. The andesite and dacite members take the form of dykes, sills and domes. The youngest extrusive has a limited extent and is identified by Berman (1979) as an explosion breccia.  The eighth member of the Tertiary Coquihalla Volcanic Complex is an avalanche breccia, formed by large scale avalanching into the subsiding Coquihalla basin (Berman, 1979). This unit is similar to breccias described by Lambert (1974) belonging to the Bennett Lake Caldera Complex.

 

The contact between the muscovite granite and gneiss complex is not well defined in the field due to lack of outcrop. It was decided that the most eastern outcrops of gneiss established the position of the contact, despite the fact that outcrops of non-pegmatitic muscovite granite do appear west of this line.  According to Greig (1988) the muscovite bearing granite is the youngest phase within the Eagle Plutonic Complex and has mixed intrusive relationships at its contact with the older intrusive phases.

 

At the contact with the overlying volcanic tuff these two phases of the Eagle Complex show a breccia texture. These breccias have angular to subangular, monolithologic, tightly packed fragments within a matrix of the same lithologic material, which makes it difficult to distinguish the brecciation without careful observation. The zone of brecciation lies adjacent and parallel to the contact with the overlying tuff and varies from 30 to 125 meters in width. It appears to continue to the southwest beyond the limit of mapping, but dies out towards the east, away from the plutonic-volcanic contact where difficult access prevented mapping of this breccia zone at this location.

 

Mineralization

 

The exploration work by Noranda in the late 1980’s identified a, gold bearing, silicified breccia (referred to as the Aura Breccia) that they interpreted as a high level epithermal-type occurrence.  Mineralization is exposed on a steep slope over a length of approximately 100 meters, however contacts and potential extensions are overburden covered and the geometry of the zone has not been determined.  Preliminary sampling by Noranda in 1990 indicated that the breccia zone was consistently mineralized and returned gold values ranging from several hundred ppb to 1,830 ppb (equivalent to 1.830 g/t gold).  According to Noranda, 51 continuous 1.5 meter samples (collected along the trend of the zone) returned an average grade of 0.503 g/t gold over a length of 75 meters including a 13.5 meter section that averaged 1,034 ppb (equivalent to 1.034 g/t gold). 

The mineralized quartz breccia forms a cliff that is 3 to 7 meters in height, approximately 100 meters in length and is oriented at 024 degrees. Most of the outcrop is comprised of clear to milky quartz fragments in a siliceous matrix. Minor portions of the outcrop do not exhibit breccia textures. At these locations the rock is a highly silicified-sericitized host rock that, in turn, contains a quartz stockwork. This latter rock type is gradational into the breccia. In the brecciated portions of the outcrop fragments are angular to sub-rounded and vary from a few mm to 30 cm in size. In general the larger fragments are less angular than the smaller fragments. The breccia is poorly sorted with fragment density ranging from 50% to 80%. Locally thin (>5 mm) quartz veins are present cutting through both the fragments and matrix, in other locations veins are present within the fragments only. Thicker milky white quartz veins cut across the thinner clear quartz veins indicating at least 2 generations of quartz veining. There are no visible sulfides, but the outcrop is variably coloured white to orange. The orange tint is not a surface coating, but is pervasive throughout the breccia.

 

Mapping, rock sampling, soil geochemical surveys and geophysical surveys completed by Noranda and by Longacre Resources confirmed the presence of a significant mineralized zone  and found several smaller outcrops of similar quartz breccia, both to the southwest and northeast along strike, as well as higher in elevation. All of these have similar strikes and dips, suggesting the potential for  a series of stacked sub-parallel silicified breccia zones with a possible strike length of 335 meters.  Figure 4 shows the location of the geochemical survey grids and the location of the Aura Breccia.

 

Item 8:  Deposit Types – High level Epithermal Gold – Silver Deposits

Based on historic and current technical data the gold mineralization within the Aura Property is classified as a high level, epithermal type prospect.  This type of deposit is described by Panteleyev, (1996) and is excerpted below: .

 

EXAMPLES (British Columbia (MINFILE #) – Canada/International: Cinola (uppermost part, 103F 034), Clisbako (093C 016), Wolf (093F 045), Trout (093F 044); McLaughlin (California, USA), Round Mountain (Nevada, USA).

 

GEOLOGICAL CHARACTERISTICS:  Auriferous chalcedonic or opaline silica and fine-grained quartz form veins, stockworks and matrix filling in breccias hosted by volcanic and, less commonly, sedimentary rocks.  These are the uppermost parts of epithermal systems which develop mineralized siliceous caps a few metres to hundreds of meters below surface with subaerial siliceous sinter deposits at the water table and explosion breccias above.

 

TECTONIC SETTINGS: Continental margin rifting and district-scale fracture systems with associated bimodal or low volume mafic to intermediate volcanism. Commonly in regions of strike-slip faulting with transform faults and transtensional basin margins.  Also extensional tectonism with related caldera development and resurgence, flow-dome complexes and high-level subvolcanic intrusive activity.

 

DEPOSITIONAL ENVIRONMENT / GEOLOGICAL SETTING:  Shallow parts of fossil geothermal systems. Hotsprings deposit silica near the paleo groundwater table and as subaerial, ponded precipitates. Deeper fluids are channelled by permeable stratigraphic units, hydrothermal breccia bodies and faulted/fractured rocks. Subaerial volcanic centres including flow-dome or caldera complexes and related radial and ring fracture systems.

 

AGE OF MINERALIZATION: Tertiary and Quaternary are most common; some currently active hotsprings.  Hotspring sinters as old as Late Devonian have been described (Cunneen and Sillitoe, 1989).

 

HOST/ASSOCIATED ROCK TYPES:  Intermediate or bimodal basaltic-rhyolitic volcanics including volcanic flows, flow domes, tuffs and breccias; hydrothermal breccias and siliceous sinters.   Any type of permeable or structurally prepared country rock can be mineralized, most commonly ash flow units and caldera-fill sediments. In some cases, serpentinized ultramafic and mafic rocks in major fault zones in areas of post-faulting volcanic activity are mineralized. Sedimentary rocks occur at Cinola and many other deposits.

 

DEPOSIT FORM:  Near-surface, lensoid hotspring deposits and planar lithologic replacement zones. Individual zones are up to hundreds of metres in two dimensions and tens of metres in the third. Underlying these are cone or wedge-like hydrothermal feeder systems with quartz stockworks and veins centred on regional-scale fault and fracture zones, or their splays. Locally phreatic and phreatomagmatic explosion pits formed at the paleosurface.

 

TEXTURE/STRUCTURE: Generally very fine grained disseminated sulphides in silicified (opalized and chalcedonic) country rocks and silica sinter; hydrothermal breccias, quartz stockworks and banded to vuggy, sheeted, multiple-generation quartz- chalcedony veins.  Hydrofracturing textures are common.

 

ORE MINERALOGY (Principal and subordinate): Pyrite, marcasite, gold, electrum; stibnite, sulphosalt minerals, realgar, cinnabar (cinnibar only near tops of deposits).

 

GANGUE MINERALOGY (Principal and subordinate):  Quartz, chalcedony; opal, calcite, dolomite, barite. Strong silicification with quartz, chalcedony and opal in crustiform, banded veins, sheeted veins and stockworks is characteristic in ores. Silica in some deposits contains abundant hydrocarbons that impart a characteristic brownish colour to the quartz.

 

ALTERATION MINERALOGY (Principal and subordinate): Multiple episodes of silicification to form veins and stockworks, and pervasive silicified hostrocks adjacent to them, is typical. Country rocks containing the silicified zones have argillic and, less commonly, advanced argillic assemblages with quartz-kaolinite and rarely alunite. They are flanked, or underlain, by propylitic rocks with chlorite, Fe oxides, zeolites and minor adularia. Selenite, alunite and other sulphate minerals and native sulphur can be abundant locally near surface.

 

ORE CONTROLS: A key element at the McLaughlin deposit was the superposition of multiple generations of auriferous veinlets each carrying a small amount of gold (Lehrman, 1986).

 

GENETIC MODEL: Hydrothermal breccias and multiple generations of veins with calcite replacement by silica attest to boiling of hydrothermal fluids as an important ore-depositing mechanism. The boiling levels are related to the paleosurface and commonly have a surficial expression as active or paleo-hotsprings. The deeper hydrothermal fluid systems, generally within 500 meters of surface (paleosurface for older deposits), can be developed along active, regional high-angle faults and other volcanic and subvolcanic intrusion-related structures. The structures commonly cut or flank domes in flow-dome complexes.

 

COMMENTS: Many deposits currently being exploited throughout the world have grades between 1 and 2 g/t Au and range from a few to tens of millions of tonnes in size.  They are viable generally because the rocks are commonly strongly oxidized and the gold can be recovered by heap leaching methods. The siliceous sinters formed at or very near to the surface rarely contain economic mineralization.  These deposits have a greater depth extent then hotspring mercury deposits. In their deeper parts they may grade into precious metal bearing and base metal epithermal veins.

 

EXPLORATION GUIDES / GEOCHEMICAL SIGNATURE: Au, Sb, As, Hg, Tl near surface, increasing Ag, Ba at depth; locally Ni, B, Li and W. The Ag/Au ratio varies from 1:1 at surface to 30:1 at a depth of a few hundred metres. Mineralized rocks can be strongly leached at surface. Notably absent are: Se, Te, F, Mo, Sn and Mn. Base metal content is relatively low, for example, common amounts are Cu <60 ppm, Pb <5 ppm and Zn <450 ppm.

 

ECONOMIC FACTORS / TYPICAL GRADE AND TONNAGE: Mineralization tends to be low grade.   Economically attractive bulk-mineable deposits contain >10 Mt of 1 to 2 g/t Au, or greater.  High-grade veins and stockworks within the larger mineralized zones can be exploited by underground methods. Reserves for Cinola deposit in BC are about 31 Mt with 2.19 g/t Au; the deposit has a feeder zone at depth that contains material containing in excess of 100 g/t Au.

 

 

Item 9:  Exploration work completed in 2018

 

Based on the results published by Noranda and Longacre, Project One acquired the Property and completed a follow up program designed to assess the potential for discovery of additional mineralized breccia zones.  The Company carried out a program consisting of 315 line kilometers of airborne magnetic and radiometric surveys, satellite image analysis and digital elevation modelling as well as a systematic evaluation of available stream, soil and rock geochemical data for the project area. 

 

The results of the airborne survey were encouraging.  The survey identified a cluster of three high priority target areas centred approximately 1.5 kilometers north of the Aura Breccia and identified a series of magnetic lineaments interpreted as possible structurally controlled mineralization localized at or near the bedrock and overburden interface approximately 2.5 kilometers west of the Aura Breccia.  Satellite imaging and alteration analysis in combination with the results of the compilation studies show that the cluster of new targets to the north of the Aura Brecciaare overburden covered but are upslope of a strong “gold in stream” anomaly (117 ppb or 0.117 g/t gold) reported by the BCGS. 

 

The primary targets recommended for follow-up work are referred to as the NW Target, the NE Target and the South Target and are located at approximately 642860E 5487900N, 63200E 5488940N, and 642330E 5489150N (Figure5, 6 and 7).

 

It was recommended that Project One complete conventional, grid or contour based, soil geochemical surveys and geological mapping designed to assess the three high priority target areas centred approximately 1.5 kilometers north of the Aura Breccia. 

 

 

Item 9A:  Exploration work completed in 2019

 

During the fall of 2018 and the summer of 2019 Project One carried out a follow up soil sampling program designed to evaluate the three high priority target areas centred approximately 1.5 kilometers north of the Aura Breccia. The field crew made multiple helicopter assisted visits to establish 50 meter spaced grids over each of the three target areas identified in 2018 and to construct an emergency camp in case weather conditions prevented helicopter access.  The author, accompanied by two field technicians collected a total of 420 soil samples at 25 meter intervals within the three grids.  Based on an arbitrary anomaly threshold of 15ppb two of the grids returned anomalous gold values.

 

The most significant anomaly was identified in the southernmost of the three target areas (referred to as the South Target) and consists of an east west trending response that was traced for 300 meters.  Moderately strong gold values reported from the South Target range from 15 to 66 ppb within a broader halo of 5 to 15 ppb responses and the anomaly appears to be open to the east and west.  This South Target lies approximately one kilometer north of the Aura Breccia.

 

A single anomalous response was identified within the NW target however only one sample returned a value of over 15 ppb.

 

The incurred by Project One Resources to complete the Stage 1 Exploration program totalled $  99,281.59.

 

 Item 10:  Drilling            

 

No diamond drilling was carried out by Project One on the Property.  According to published historic technical reports no previous operators have completed any drilling within the current Property.

 

Item 11:  Sample preparation, Analysis and Security      

In the author’s opinion, the sample security employed by the field personnel involved in the sample collection and analytical procedures employed by Noranda, Longacre, ACME Labs and ALS Chemex were adequate for the exploration programs that were carried out by Noranda, Longacre and Project One on the Property.

 

Item 12:  Data Verification

To verify the historic results reported by Longacre and Noranda the author submitted five pulp samples of mineralization from the Aura Breccia Zone that had been submitted for analysis by Longacre Resources during 2014.  The results were consistent with the results reported by Longacre.  Three of the samples contained gold and two samples returned negligible gold values.  The results confirmed the presence of gold in three of the submitted pulp samples and gold assay results were within 10% of the values reported in 2015.

 

Sample Id            ALS Certificate VA18146129         ALS Certificate VA14199475

Area E                                   0.078 g/t gold                                    0.086 g/t gold

Area F                                   0.644 g/t gold                                    0.631 g/t gold

Area G                                  0.164 g/t gold                                    0.168 g/t gold

 

All assay results reported by ALS Chemex in 2018 (VA18146129) are consistent with the results reported by Longacre in 2015.  Results for rock samples are also generally consistent with the results reported by Noranda and it is concluded that the results reported by Noranda and Longacre are accurate.  

 

 

Due to the small number of samples from the 2019 program there was no external quality control/quality assurance (QA/QC) program implemented.  The internal QA/QC program within ALS was relied upon.  There were no variations within those selected duplicated that created any concern with the Author.

 

Item 13:  Mineral Processing and Metallurgical Testing

No mineral processing or metallurgical testing has been carried out on samples from the Property.

Item 14:  Mineral Resource and Mineral Reserve Estimates

No  mineral resource or mineral reserve estimate has been completed.

 

Item 15 -22:  Advanced Property Disclosure  

(NOT REQUIRED)

Item 23:  Adjacent Properties   

There are numerous active exploration projects within 30 km of the Aura Property.   These include the Shovelnose property that is being explored by Westhaven Ventures Inc. (https://www.westhavenventures.com/).

 

Properties that are closer to the Aura Property are Nicola Mining’s  Treasure Mountain Project, Ximen Mining’s Treasure Mountain Silver Project and New Carolin Gold’s  Ladner Gold Project (see Figure 1).

 

Nicola Mining currently owns an advanced, high grade vein type silver deposit (referred to as the Treasure Mountain Project) located approximately 5 kilometers south of the Aura Property.  Access to the Treasure Mountain Property is via an existing forest service road that traverses the Tulameen River located approximately 2 kilometers to the east of the Property as described in Item 5.  The Treasure Mountain Project is currently on care and maintenance. 

 

Immediately south of and contiguous with the Aura Property is the 10,800 hectare Treasure Mountain Silver Project that belongs to Ximen Mining.  As per their website (https://www.ximenminingcorp.com/), the property is summarized as:

“The Treasure Mountain Silver Project is located within the New Westminster and Similkameen Mining Divisions in southern British Columbia. The property sits within the Intermontane Belt,  a unique tectonic belt in the northwest region of North America, along which many past and current producing gold, silver, lead, zinc, and/or molybdenum mines are located.

 

Currently, Ximen has the Treasure Mountain Silver Project optioned to New Destiny Mining Corp. (TSX.V:NED) for staged cash and stock payments.  The property displays multiple types of mineralization, including polymetallic veins, gold-bearing quartz veins, and porphyry and porphyry-related mineralization. This includes at least seven occurrences of gold, silver, copper, lead, and/or zinc, plus two copper-molybdenum occurrences and reports of copper-nickel mineralization.

 

Gold-bearing quartz veins in the northeast region include:

  • the John Bull vein—historically assayed (1913 & 1937) 24 g/t gold over 0.20 m in outcrop sample; 2018 grab sample assayed 11.3 g/t gold
  • the Spokane vein— historically assayed 4.11 g/t gold over 0.9 m chip sample length
  • the Marsellaise vein—historically assayed 3.5 g/t gold over 0.66 m chip sample length

Base metal and silver mineralization in the north-central and southwest regions includes: 

  • Rainy (Cedarflat) Occurrence—historical rock dump grab samples (2011) at 6.5%, 7.4%, and 11.9% zinc and up to 51 g/t silver with anomalous gold and copper
  • Rio Grande Occurrence—2018 outcrop grab samples up to 1.45% zinc and 122 g/t silver with anomalous gold, tellurium, and indium
  • Samples from 2011 in the north-central region reported as sulfide-bearing quartz vein material (polymetallic vein material)

Copper, silver, and gold mineralization in the east region includes:

  • Superior (Lucky Todd) Occurrence—historical rock dump grab samples (2012) over 1% copper and up to 76 g/t silver; 2018 assayed 8.8 g/t gold

 

Approximately 10 km to the west of the Aura Property is the Ladner Gold Project that is owned by New Carolin Gold Corp.  As per New Carolin’s website (https://www.newcarolingold.com/) the Ladner Gold Project is a “…district-scale land package (approx. 144 sq. kms), located 150kms east of Vancouver, BC & 18kms from Hope, BC. The vast majority of the claims have not been explored using modern techniques, let alone drilled.  Nevertheless, to date, 5 historic mines have operated and at least 24 other gold occurrences have been discovered and most of those were as a result of exploration activities undertaken almost 100 years ago.

Today, in addition to its highly prospective character, the Ladner Gold Project has

  • Significant existing mineral resources
  • Extensive underground development
  • Existing mine permit (M-138), covering tailings impoundment, mine site and mill site
  • 5 year underground exploration permit received April 2017
  • Permitted tailings facility with excess capacity
  • Available power and water
  • Easy 12 month road access from the Coquihalla Highway”

 

NI 43-101 compliant resources reported for the Ladner Gold Property are:

Source

Cut Off

Tonnes

Tonnes

Grade

Gold

Gold

 

g/t

Indicated

Inferred

g/t

grams

ounces

Tailings

1.00

445,378

 

1.83

815,000

23,700

 

1.00

 

93,304

1.85

172,600

5,000

Mcmaster Zone

2.00

 

548,000

2.24

1,255,000

39,370

 

0.50

 

3,575,000

0.69

2,474,000

79,540

Carolin Mine

2.00

 

2,588,376

3.34

8,649,000

278,000

 

0.50

 

12,352,124

1.53

18,866,000

607,000

 

 

Item 24:  Other Relevant Data and Information

There is no other relevant data or information available for the Property.  There is no additional information or explanation necessary to make the technical report understandable and not misleading.

 

Item 25:  Interpretation and Conclusions

The Aura Property is an early stage exploration target, which is centred on the Aura Breccia, which was discovered by Noranda in the late 1980’s.   The work conducted by Project One was concentrated on identifying additional exploration targets and as such no follow up work was completed on the Aura Breccia.

 

During the fall of 2018 and the summer of 2019 Project One carried out a follow up soil sampling program designed to evaluate the three high priority target areas centred approximately 1.5 kilometers north of the Aura Breccia.  Soil sampling was conducted due to the extensive overburden and forest cover which masked bedrock exposures.

 

The most significant anomaly was identified in the southernmost of the three target areas (referred to as the South Target) and consists of an east west trending response that was traced for 300 meters.  Moderately strong gold values reported from the South Target range from 15 to 66 ppb within a broader halo of 5 to 15 ppb responses and the anomaly appears to be open to the east and west.  A single anomalous response was identified within the NW target however only one sample returned a value of over 15 ppb.  The South Target lies approximately one kilometer north of the Aura Breccia.  Of note, the soil samples surrounding the Aura Breccia are similar to those within the South Target.  

The results from the 2018 and 2019 programs are encouraging in that they indicate the presence of gold elsewhere within the property.  The tenor of these other zones has yet to be determined and require additional follow up exploration.  Should extensions of the Aura Breccia exist or the new zones actually represent similar mineralization to the Aura Breccia then the property may contain potentially significant gold mineralization.

 

Based on historic and current technical data the gold mineralization within the Aura Property is classified as a high level, epithermal type prospect.  These types of deposits are known to have gold at potentially significant depths.  As a result, the down dip potential of the Aura Breccia should not be ignored.

 

 

Item 26:  Recommendations     

The South Target area is heavily forested and will require prospecting, hand trenching and detailed geological mapping to determine the source of the anomalous gold values.  Extension of the soil grid over the South Target would also be helpful in determining the potential strike extent of the mineralization.  In the event that gold bearing, silicified breccia zones similar to the Aura Breccia are identified during the next stage of exploration follow up IP surveys and drilling would be warranted

 

It is recommended that the next stage of exploration work (Stage 2A) at the Aura Property consist of additional soil sampling (approximately 250 samples) and detailed prospecting to identify the bedrock source of the anomalous gold values.  Once the extent of the anomaly has been delineated hand trenching should be completed at the locations that return the highest “gold in soil” values.  

 

It is also recommended that reconnaissance scale geochemical surveys (approximately 250 samples) and geological mapping be carried out to assess the series of magnetic lineaments interpreted as possible structurally controlled mineralization localized at or near the bedrock – overburden interface approximately 2.5 kilometers west of the Aura Breccia.  These programs are considered low impact and do not require permitting.  The total estimated cost of the proposed follow up program is $110,000. 

 

In the event that gold bearing, silicified breccia zones similar to the Aura Breccia are identified during the next stage of exploration follow up IP surveys and drilling would be warranted however the costs of these programs can not be estimated at this stage.  This type of follow up work will require permitting through the Ministry of Mines and consultation with affected First Nations.

 

Proposed Stage 2A Exploration Program

Engineering and project supervision, reports                                       $  15,000

 

Field costs, vehicle rentals, helicopter charter                                          20,000

Detail soil surveys, prospecting and hand trenching

 (allow 20 days @ $2,500 incl.)                                                                       50,000

-soil and rock sample assays (approx. 500 samples)                               15,000

 

Contingency                                                                                                           10,000

Total estimated cost of Stage 2                                                                   $110,000

 

 

Item 27:  REFERENCES

 

B.C. Department of Mines Annual reports (and successor publications): 1914 pp K232 – K233, 1937 pp D-21 – D22, 1966 p. 174

Berman, R.G., and Armstrong, R.L., 1980:  Geology of the Coquihalla Volcanic complex, Southwestern British Columbia, Can. Journal of Earth Sciences 17, pp 985-995.

British Columbia Mineral Deposit Profiles, Volume 2 – Metallic Deposits, Lefebure, D.V. and Hõy,T., Editors, British Columbia Ministry of Employment and Investment, Open File 1996-13, pages 33-36.

Erdman, L.R., 1989:  Assessment Report – Geological , Geochemical and Geophysical Surveys on the Coquihalla Group of Claims, Claim Group,  Noranda Exploration Company Limited. ARIS Report No.19446

Erdman, L.R., 1990:  Assessment Report – Geological , Geochemical and Geophysical Surveys on the Coquihalla Group of Claims, Claim Group,  Noranda Exploration Company Limited. ARIS Report No.20488

GEOPHYSICAL INTERPRETATION REPORT ON THE AURA SURVEY BLOCK, prepared for Project One Resources Ltd., Shawn Walker, June, 2018

Gourlay, A.W., 1986: Coquihalla Project – Geochemical Soil sampling for Clifton Resources Ltd., Minequest Explorations Associates Ltd., ARIS Report No.14362

Greig, C.J., 1988: Geology and Geochronology of the Eagle Plutonic Complex, Hope Map Area, in Current Research , Part E, Geological Survey of Canada Paper 88-11E, pp 177-183.

Longe, R.V., 1982: Coquihalla Project -Geochemical Soil sampling for Clifton Resources Ltd., Minequest Explorations Associates Ltd., ARIS Report No.10868

Panteleyev, (1996): Hot-spring Au-Ag, in Selected British Columbia Mineral Deposit Profiles, Volume 2 – Metallic Deposits, Lefebure, D.V. and Hõy,T., Editors, British Columbia Ministry of Employment and Investment, Open File 1996-13, pages 33-36.

Precision GeoSurveys Inc., 2018, Geophysical Interpretation Report – Aura Survey Block for project One Resources Ltd., June 2018

Von Einsiedel, C., Review of Technical Information and Proposed Exploration Program for the Christa Aura Property on behalf of Longacre Resources Ltd.,, dated May 30, 2012 and amended January 9, 2013.

Von Einsiedel, C., Review of Technical Information and Proposed Exploration Program for the Christa Aura Property prepared for Project One Resources Ltd., dated August 31, 2018.

Witter, J and Rastad, S., 2011, Interpretation Memorandum on the 3DIP Survey for the Aura Project dated November 24, 2011 (private report prepared for Longacre Resources by SJ Geophysics)

 

Date and Signature Page

CERTIFICATE OF qUALIFIED pERSON, cARL a. VON eINSIEDEL    

I, Carl A. von Einsiedel, PGeo.  hereby certify that:

 

1)           I am an independent consulting geologist with a business address at #3206-610 Granville St., Vancouver, British Columbia V6C-3T3.

 

2)            I am a graduate of Carleton University, Ottawa, Ontario (1989) with a B.Sc. in Geology.

 

3)            I am a registered Professional Geologist in good standing with the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC – License no. 21474).

 

4)            I have worked as a geologist for over 30 years since graduation from university.  I have work experience in most parts of Canada, as well as the United States and Mexico.  I have both epithermal and intrusion related gold deposit exploration experience in Mexico, British Columbia and the Yukon.

 

5)            I have read the definition of “qualified person” set out in National Instrument 43-101 (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person” for the purposes of NI 43-101.

 

6)            I am responsible for all sections of the technical report titled “REPORT ON STAGE 1 EXPLORATION PROGRAM  FOR THE AURA PROPERTY” prepared for Project One Resources Ltd. dated October 31, 2019 (the “Technical Report”).  The most recent site visit was August 20th, 2019.

 

7)            I have had prior involvement with the Property that is the subject of the Technical Report.  I personally supervised the exploration work carried out by Longacre Resources during 2011.

 

8)            I am not aware of any material fact or material change with respect to the subject matter of the Technical Report that is not reflected in the Technical Report, the omission to disclose which makes the Technical Report misleading.

 

9)            I am fully independent of Project One Resources Ltd. in applying all of the tests in section 1.5 of National Instrument 43-101.

 

10)         I have read National Instrument 43-101 and Form 43-101F1, and the Technical Report has been prepared in compliance with that instrument and form.

 

11)         I consent to the public filing of the Technical Report with the British Columbia Securities Commission, and the Alberta Securities Commission, any stock exchange and any other regulatory authority and any publication by them for regulatory purposes, including SEDAR filings and electronic publication in the public company files on their websites accessible by the public, of the Technical Report and to extracts from, or a summary of, the Technical Report in the written disclosure being filed, by Project One Resources Ltd., in public information documents so being filed including any offering memorandum, preliminary prospectus and final prospectus provided that I am given the opportunity to read the written disclosure being filed and that it fairly and accurately represents the information in the Technical Report that supports the disclosure.

 

12)         As of the date of this Certificate, to the best of my knowledge, information and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading.

 

 

 

 

 

 

“Carl von Einsiedel”

                                                                 

Carl von Einsiedel,  P.Geo.

 

Dated at Vancouver, B.C. this 31st day of October, 2019

 

 

 

 

APPENDIX 1:      LIST OF REPORT FIGURES                                                                                                             25

 

Fig 1       Regional Locator Map Showing Project Location, Access Roads, and Existing Mineral Claims (1:300,000 scale)

Fig 2       Regional Geological Map Showing Minfile Occurrences (1:300,000 scale)

Fig 2A    Legend to Accompany Regional Geological Map

Fig 3       Project Area Topographic Map Showing Mineral Tenures and BC Minfile Prospects (1:50,000 scale)

Fig 4       Project Area Index Map Showing Historic Noranda claim boundaries, historic gold geochemical data compilation,  Aura Breccia Zone and 2011 3DIP survey lines; and, area covered by 2018 airborne geophysical survey (1:50,000 scale)

Fig 5       Project Area Compilation Map Showing historic gold geochemical data compilation,  Aura Breccia Zone and 2011 3DIP survey lines; and,  2018 airborne magnetic survey with interpreted target areas             (1:50,000 scale)

Fig 6       Detail Index Map Showing Aura Breccia Zone, Primary Target Areas identified by the 2018 Airborne Survey and Location of RGS Gold in Stream Anomaly  (1:15,000 scale)

Fig 7       Detail Area Satellite Image Showing Aura Breccia Zone, Primary Target Areas identified by the 2018 Airborne Survey and Location of RGS Gold in Stream Anomaly   (1:15,000 scale)

Fig 8:      Detail Topographic Map Showing Stage 1 Program Soil Geochemical Results (Gold) for the NW, NE and South Target Areas (1:10,000 scale)

 

Note:    Figure 9 and 10 included in Section 6 shows the plan view and interpretation of the Aura Breccia Zone IP Survey completed by Longacre in 2011 and show the location of the mineralized outcrop and 75 meter sample profile reported by Noranda in 1989 and the location of the verification and validation samples submitted for analysis in 2018.

 

 

APPENDIX 2:      LIST OF DETAIL TARGET MAPS FOR FIELD MAPPING                                       

 

APPENDIX 3:      GEOPHYSICAL INTERPRETATION REPORT ON THE AURA SURVEY BLOCK, prepared for Project One Resources Ltd., Shawn Walker, June, 2018