Cassiar Asbestos Corporation Limited

Geological Report

November 25th, 1952. Mr. F. M. Connell, President, Cassiar Asbestos Corporation Limited, 1001-85 Richmond Street West, Toronto 1, Ontario.

Dear Sir:

GENERAL: The principal recent development on the property is the cross-cut tunnel at Elev. 6028: This adit, started near the north centre boundary of the LAST MC., has been driven in a N.54°E. direction for a total distance of 439 ft. The last 251 ft. of this working have exposed well shattered Serpentine carrying a good grade of asbestos fibre, both as to quality and quantity. Muck samples, taken from every round, indicate an average grade of 7.6% 3K— (Screen analysis, screen + 1—6.84 oz.; screen 2—4.75 0z.; screen +3—2.76 02.3 screen +4—1.45 oz., weighted average)—plus an appreciable amount of crude fibre. The detail of these samples is set out on the following page. This screen analysis was made with the limited facilities at the mine. It does not give any indication of the Nos. 4 and 5 grades of fibre present in the rock, as the equipment did not allow proper determination of these grades, which

are still economic products for our operation. I believe the classification given by these tests is a conservative estimate of the value.

ADIT ASSAYS

Screen Date Round From To % Grade 1 2 3 4 % Octal 72 188’ 194’ 5.0 3Z 8.3 Dall 2.6 220 4 13 194’ 199’ 5.5 3R 6.0 3.9 4.3 1.8 5 14 199’ 204’ 10.5 3K 8.3 Srl 2.6 2.0 6 15 204’ 209’ 6.2 3R 2.0 6.9 4.1 3.0 + 1.6 Crude 6 16 209’ 213’ 6.7 3K 6.5 4.5 BND, 1.8 8 17 213’ 2177 9.4 3F 11.8 1.4 1.5 he3 8 18 217’ 221% 8.3 3K 9.2 227: 253 1.8 9 19 22M 2254 10.0 3F 14.4 0.5 0.7 0.4 10 20 225% 228’ 12.8 3K 11.5 1.9 17, 1.0 + 7.4 Crude 11 2 228’ 232’ 8.3 3K 6.4 5.5 2.8 1.3 12 DD: 2324 236’ 6.3 3F 10.6 3.0 1.8 0.6 12 23 236’ 240’ ep 3F 14.0 0.9 0.7 0.4 13 24 240’ 244’ 2.95 3T 1.5 73 4.9 23, 14 25 244’ 248’ 9.1 3K 3.1 7.8 Sell 2.0 15 26 248’ 252’ 8.3 3F 13.8 0.6 0.9 0.7 16 27 252’ Daf 10.5 3F 13.9 0.5 0.7 0.6 + 1.1 Crude 16 28 2575 261’ 7.6 3K 3.5 8.5 25) 1.5 1/5 29 261’ 265’ 8.1 3F 10.5 3.4 1.4 0.7 18 30 265’ 269’ 8.9 3K 6.8 5.7 0.5 1.0 18 31 269’ 2732 117. 3F 6.4 7.2 1.9 0.5 + 1.4 Crude 19 32 273’ 21s 3.9 3K 7.0 DED DA? MWe9) 20 33 27 TS 282’ 5.7 3F Te 6.4 1.8 0.6 21 34 282’ 286’ DT: 3R 1.4 9.0 3.8 1.8 21 35 286’ 292’ 8.6 3F 9.5 3.9 1.8 0.8 22 36 292’ 298’ 5.0 3K 3.5 9.1 252. 12 + 2.2 Crude

Pace E1cut