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Location Map, Argo Gold Properties Mishi Lake Property, Land Tenure Regional Geology: Mishibishu Lake Greenstone Belt MISHI LAKE Au Project SOUTH WAWA Au Project Mishi Lake Area, Local Geology Mi sh ibi sh Zo u D ne efo (M rm DZ at ion ) Detailed Geology, Mishi North Gold Occurrence (Source for Geology and Photos: Tremblay 2010) Mishi North Gold Occurrence Photo 1: Quartz Vein is Zfolded on centimetre scale Photo 2: Quartz-sericiteankerite+/- green mica+/pyrite Photo 3: Boudinaged and Zfolded Quartz vein on the metre scale Mishi East Claims MMI Soil Geochemical Survey MD Z Mishi Lake Property SUMMARY AND CONCLUSIONS • The main area of interest are the claims immediately east of the Wesdome Lease. These claims are underlain by the east-central portion of the Mishibishu Deformation Zone which is estimated by the Ontario Geological Survey to be approximately 1.5 km in width through the Mishi Lake Property. • Mishi North Gold Occurrence is located on the ESE trend of several gold prospects, including the Discovery, Hollinger, Amichi, and Northwest. All these gold prospects are characterized by quartz veins within highly deformed and altered metavolcanic and metasedimentary rocks near the metavolcanic-metasedimentary contact. • The Mishibishu Lake Stock is a high-level, late-to post tectonic intrusive body of quartz monzonite to monzonite composition which intrudes the southern part of the Mishi Lake Property. Intrusive quartz-feldspar and feldspar porphyry dikes related to the Mishibishu Lake Stock are common in the vicinity of several of the gold occurrences within the MDZ, including the Mishi Lake Property • The Discovery Prospect is located NW of the Mishi North Gold Occurrence and consists of a similar NW trending quartz vein enclosed by an alteration envelope; grab samples by the Ontario Geological Survey ranged from 13 to 82 g/t Au. • Two of the soil samples from the eastern Argo claims have the highest gold response ratios from a 2012 MMI survey completed by Kritinor Metals Inc: 164 and 28 Au Response Ratio (samples 115626 and 115632). RECOMMENDATIONS • Complete a geological compilation of historical data. Locate and georeference historic exploration such as stripping, trenching, sampling, grid lines, DDH collars. • Prospecting/stripping/trenching/sampling of Mishi Lake claims; grab samples should be taken at regular intervals throughout the altered zone of the Mishi North Gold Occurrence. • Structural/geological mapping of the Mishi North Gold Occurrence; reconnaissance scale mapping to verify the OGS Mapping. • Channel sampling across the main NW trending quartz vein, including the adjacent altered wall rock. Channel samples along the strike of the quartz vein to determine grade continuity. Channel sampling of deformed quartz veins and wallrock. • Geochemical orientation survey for soil sampling (i.e. partial extraction and regular analysis) across the strike extension of the NW vein at closely spaced intervals (i.e. 5 m) and across the SE extension of the outcrop area. • Geochemical soil sampling program of the main shear/alteration corridor using best result from the orientation surveys (if the method is determined to be viable as a gold indicator). • Establish a structural and geological model based on results of geophysics, geochemistry and geology in the area. KNOWLEDGE GAPS • How much of the gold exploration potential on the Mishi Lake Property is limited because the metavolcanic-metasedimentaty contact extends south of the shore line of Mishi Lake? • How significant is the presence of quartz-feldspar dikes and the monzonite stock on the location of gold occurrences? Has the late period of quartz vein development affected the Mishibishu Lake Stock or related dikes and sills? • Is the paucity of drill holes and trenching east of the Wesdome Lease due to a lack of mineral exploration or is there some geological reason? • Does the lack of major, continuous vein systems limit the economic viability of the MDZ to low grade, high tonnage deposits (i.e. Mishi Deposit)? • Are there any felsic or mafic intrusions within the tectono-stratigraphic package that may provide a ductility contrast which could have resulted in brittle fracture and provided a plumbing system for gold-bearing hydrothermal fluids?