Exploration 1992, along the Skogfoss arch in Pasvik, Finnmark. Oksfjell, Svartfjell, Finntjørn areas. Apendix A. Summary of Oksfjell 1992 Drilling

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1 Bergvesenet Postboks 3021, 7002 Trondheint Rapportarkivet Bergvesenet rapport nr BV 3843 ntern Journal nr nternt arkiv nr Rapport lokalisenng Gradering 275/93 Trondheim Forfrolig Kommer fra arkiv Ekstern rapport nr Oversendt fra Fortrolig pga Sulfidmalrn a.s. Nluting Fortrolig fra dato: TMel Exploration 1992, along the Skogfoss arch in Pasvik, Finnmark. Oksfjell, Svartfjell, Finntjørn areas. Apendix A. Summary of Oksfjell 1992 Drilling Forfatter Dato Bedrift Hudson- Edwards, Karen Nov 1992 Sulndmalm AJS Hodges, Daryl Kommune Fylke Bergdistrikt 1: kartblad Sor-Varanger Finnmark Troms og Finnmark 1: kartblad Kirkenes Fagområde Dokument type Geologi Geofysikk Rapport Geokjemi Boring Forekomster Oksfjell Svartfjell Finntjørn Råstoftype Emneord Malm/metall Ni Cu Co S Sammendrag Dette er tekstdelen til en stor samlerapport fra arbeidene innen mutingsområdene i Skogfoss - Oksfjellområdet i Pasvik. BV 3842 Tekstdel med figurer og tabeller. BV 3843 Apendix A. Summary of Oksfjell 1992 Drilling BV 3844 Apendix B. Drill log and sections BV 3845 Apendix C. A report on a combined helicopter-borne Mag, EM and VLF-EM survey in Pasvik. BV 3846 Apendix D. Tecnical report for ground geophysical surves in Skogfoss, Pasvik

2 .. APPENDX A SUMMARY OF OKSFJELL 1992 DRLLNG.

3 TABLE 1. DRLL RESULTS PASVK, NORWAY (OKSFJELL) (1) Hole Locaton UTM Az Di Length ' Target Result PS E / N 000 / -55 /163.5 m T: Ultramafic 43, located wrthin Upper Producttve Fm, tested toward boudined end., Et Hole intersected 4.36m Ultramafic w/ 1% idissem Po in Middle Producttve Formation 'P / N '000 / -55 ) r Offset of proposed Ultramafic 42. Penetration from upper faulted contact. R: Hcle intersected 3.52rn Ultramafic Body 1 w/in Lower Productive Formation; 1-2% Vein PS / N :PS / N P E / PS-47 PS / N / N P / N PS-50 PS-51 PS E / N / N E / N Cpy in sedirnents above UM; & wide hernfeised zone (2.36m above. 0.9m below) 0000 / -55 /189.9 rn T: Ultramafic 42, at ncrth intersection cf N-S conductive zone and Lower Producttve Formation. R: Hcie intersected 60.72m Gb-Wehrlite Bcdy (41.48m Ultramafic) with 2 carbonatemacnetite Bx zones (.37 & 1.2rn) w 2-3% Co 090 / -50 / T: ntersection of N-S conductne zone, strong N-S fault (?), Upper Productive Farmation and possible tectonized extension cf Ultramafic 43. R: Hele intersected 3 UM bodies (3.28, m) in Mid Prod Frn, 2 w. 3-4% Po, Tr Coy 090 / -80 / T: Test magnetic body wrthin N-S - ccnductive zone. R: Hcie intersected 82.33m Gabbro-Diabase body in Middle Product1ve Formation 000 / -55 /171.18,T: Ultramafic 4 2 in Middle Productive Frn. R: Hcle intersected Middle Productive Fm and ended in 73m of Gabbro-Diabase 000 / -55 / T: Ultramafic 42 or 43 in the Upper Prod Frn R: HOe int 4 UM bodies (3.70, 2.15, 3.55, 10.10m) in Middie Productive Forrnaticn 000 / -80 / T: Down plunge (faulted?) extent of Ultramafic 41. Cornplex pinchout, irregular EM conductor at surface. R: Hcle intersected 5.28m Ultrarrafic Body wrthin Lower Productrve Formation, but faired to intersect proposed extension of Hole 41 ultrarnafic 0000 / -80 / T: Test strong rnagnetic body (Ultramafic) wrthin Lower Producttve Formation. R:Hcle intersected 64.46m Gabbro-Wehrlite Bcd w/ Tr-1% C in Pxenite & Tr-1% in UM 0000 / -80 / 86.0 m T: Test up-dip projection of strong magnetic bc,dy (Ultramafic) intersected in Hole 50 within Lower Productive Formaton R: Hole collared in and intersected 55.85rn Gabbro-Wehriite body w/ Tr Cpy specks & Tr-2.5% Po in UM 000 / -80 / T:Follow-up DDH P343: continue to test strongly rnagnetic Ultramafic in Lower Productive FormationProductive Formatron R: Hole intersected 28.84m Ultrarnafic Body with Tr-2% Po over 4.15m near base of body and 1-2% Cov in 0.5m zone above bod TOTAL: m

4 MNMN RA! m 1992 CRÇPJCL. PASV1K nr R LNG Contract Hole 61M E UTM N Elev (m) Az Dlp Lengtldm) Stell Slop Logged Cu51(NOK) NOK/e1 1' )0c J» 4 Jul KA11 E P Jul 7 Jul KAHTE P / )(1' -55" Jul lo Jul KA11 L PS Jul 13 Jul KA11 E P(.) 92 41, )" Jul 15 Jul KA11-E PS Jul 19 Jul ) )) ) -55' 1e(1.51) 20 Jul 23 Jul KAH.E / Jul 1 Aug KA E P ' -80r Aug 9 Aug KA1dE PS r) Aug 11 Aug KA)-E P / Aug 14 Aug. KAH-E Mol)111/aton De-mobllzuton A; A AV:451 _ 1!)51)) 1

5 A S SULFDMALM, Recapitulation of Pasvik Area Exploration Expenses, 1 Pasvik (904) and South Pasvik (906) Pro'ects Expencliture Proposed Actual Project 904 Project 904 SALARES Geology 150, ,172! Geophysics 70, ,345! Drilling 280, ,597' Subtotal i 500, ,114: i TRAVEL ; 80, ,094 FELD EXPENSES Geology 80, ,936 Geophysics 25,000 21,406 Drilling 120,000 98,457 Subtotal 225, ,799 ASSAYS Geology 25,000 0 Drilling 100,000 21,720, Subtotal 125,000 21,720 GEOLOGY CONTRACTS 0 128,700 GEOPHYSCS CONTRACTS Ground 180,000 0 Airbome 0 0 Subtotal 180,000 0, DAMOND DRLLNG CONTRACTS 1,000,000 1,174,2261 ENVRONMENTAL 0 15,451 PROPERTY 90,000 Acquisition Maintenance 14,150; Subtotal 90, ,150 TOTALS 2,200,0001 2,122,25

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