EX-99.1 7 ex99-1.txt GEOLOGY REPORT Exhibit 99.1 Technical Report on the RIVER PROPERTY Central Quebec, Canada Latitude: 52(0) 11'N Longitude: 72(0) 22' W NTS: 33A01 For JASPER VENTURES INC.. By Andre M Pauwels, P.Geo November 2, 2007 TABLE OF CONTENTS 1.0 Summary................................................................1 2.0 Introduction and Terms of Reference....................................1 3.0 Reliance on other experts..............................................1 4.0 Property description and Location......................................1 5.0 Accessibility, Climate, Local Resources, Infrastructure and Physiography...........................................................4 6.0 Property History.......................................................4 7.0 Geological Setting.....................................................4 8.0 Deposit Types..........................................................6 9.0 Mineralization.........................................................6 10.0 Exploration............................................................9 11.0 Drilling...............................................................9 12.0 Sampling Method and Approach...........................................9 13.0 Sample Preparation, Analysis and Security..............................9 14.0 Data Verification.....................................................10 15.0 Adjacent Properties...................................................10 16.0 Mineral Processing and Metallurgical Testing..........................10 17.0 Mineral Resource and Mineral Reserve Estimate.........................10 18.0 Other Relevant Data and Information...................................10 19.0 Interpretation and Conclusions........................................10 20.0 Recommendations.......................................................11 21.0 References and Literature.............................................13 22.0 Date and Signature Page...............................................14 23.0 CERTIFICATE OF QUALIFIED PERSON.......................................15 TABLES TABLE I RIVER CLAIMS........................................................4 TABLE II BUDGET.............................................................11 FIGURES FIGURE 1 LOCATION RIVER......................................................3 FIGURE 2 REGIONAL GEOLOGY RIVER CLAIMS.......................................6 FIGURE 3 AREA TARGETS FOR KIMBERLITE PROSPECTING.............................9 1.0 SUMMARY The RIVER claims are located in the Otish mountains of Central Quebec, an area with active diamond exploration since 1996. The claims are situated 10 km northwest of the Tichegamie cluster of kimberlites and cover an area that was selected as favourable through a systematic technique using topographic features of the area. It is recommended to explore the claims in a two phase program. The first phase consists of prospecting and rock sampling of the whole property and an inspection of the available aeromagnetic surveys for kimberlite signatures for a cost of US $ 19,000. 2.0 INTRODUCTION AND TERMS OF REFERENCE The author, a registered member of the British Columbia Association of Professional Engineers and Geoscientists and independent of JASPER VENTURES INC., was retained by JASPER VENTURES INC., to study all documentation of the RIVER Diamond Prospect in Central Quebec, Canada and to recommend an exploration program if warranted. The author examined all available documentation about the property and recommends a multistage exploration program to realize the potential of the property. 3.0 RELIANCE ON OTHER EXPERTS The report is based upon government publications and assessment reports which are publicly available in the assessment files on the website of the Ministere de Ressources Naturelles et Faune , Quebec. 4.0 PROPERTY DESCRIPTION AND LOCATION The River property is located in Central Quebec, 320 km northeast of the City of Chibougamau on NTS map sheet 33A01, Latitude: 52(0) 11'N and Longitude: 72(0) 22' W (see FIGURE 1). The property consists of 19 cells (see FIGURES 2, 3) in one contiguous block and are 100% owned by Jasper Ventures Inc. The area of the mineral claims is unencumbered Crown Land with no existing liens, claims or restrictions of any sort. FIGURE 1 [MAP SHOWING THE CLAIM LOCATION RIVER] 2 In Quebec mineral claims are defined by geographic coordinates and can be acquired by application by letter or via an internet portal maintained by the Quebec government at: https://gestim.mines.gouv.qc.ca/MRN_GestimP_Presentation/ODM02101_login.aspx. Records of all Mineral Titles and claim applications can also be inspected at the same site The status of the River claims were verified by the author at this website and is reported in TABLE 1 below: TABLE 1 RIVER CLAIMS NTS 33A1 QUEBEC
Work Fees Surface required required NTS Map area Inscriptin Expiry for for sheet Row Column (Ha) Type Title No Status date date renewal $ renewal $ Owner ----- --- ------ ---- ---- -------- ------ ---- ---- --------- --------- ----- Jasper Ventures 33A01 22 15 52,86 CDC 2134180 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 22 16 52,86 CDC 2134182 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 22 17 52,86 CDC 2134184 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 22 18 52,86 CDC 2134186 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 22 19 52,86 CDC 2134188 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 23 15 52,85 CDC 2134190 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 23 16 52,85 CDC 2134192 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 23 17 52,85 CDC 2134194 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 23 18 52,85 CDC 2134196 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 23 19 52,85 CDC 2134198 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 23 20 52,85 CDC 2134200 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 24 16 52,84 CDC 2134202 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 24 17 52,84 CDC 2134204 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 24 18 52,84 CDC 2134207 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 24 19 52,84 CDC 2134209 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 24 20 52,84 CDC 2134211 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 25 16 52,83 CDC 2134213 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 25 17 52,83 CDC 2134214 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100% Jasper Ventures 33A01 25 18 52,83 CDC 2134216 Actif 30-Oct-07 29-Oct-09 135 115 Inc 100%
The River claims were applied for on September 28, 2007 and were inscribed in the register on October 30, 2007 and are valid until October 29, 2009. In order to keep the claims in good standing for an additional 2 year period, exploration work has to be done before the expiry date and fees need to be paid. In addition 3 the work has to be reported before the expiry date to the authorities by a qualified person. Total minimum work requirements are C$ 2,565 and the fees to record the work are C $ 2,185 for a total of C $ 4,750. 5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY The property is situated in the Otish Mountains, 320 km northeast of the town of Chibougamau, near the geographic centre of the Province of Quebec (see Figure 1). The nearest population centre is the Cree Village of Mistissini, 85 km by road north of Chibougamau. The nearest all weather road is the access road from Mistissini to the float plane base at Riviere Temiscamie, where a single Turbo-Otter float-plane is stationed and available for charter. The distance from Temiscamie to the property is 165 km. There is no permanent population or developed infrastructure in the area, with the exception of the winter road from Riviere Temiscamie to The East Main Gold mine, which passes 15 km east of the claims. The only economic activity in the area, apart from mineral exploration, is seasonal trapping and hunting by Cree villagers from Mistissini. The property can be reached by float plane (summer) or ski plane (winter) from Riviere Temiscamie or alternatively a helicopter can be chartered in Chibougamau. Personnel experienced in expediting, exploration surveys and camp construction is available in the village of Mistissini. The Town of Chibougamau, a mining town, is the regional population centre with many services and amenities for 6.0 PROPERTY HISTORY Like most areas of Quebec the general area of the River claims has been mapped geologically at a scale of 1/250,000 and has been subjected to aeromagnetic suveys on widely spaced lines (800 m apart) by government surveys. The only known exploration performed in the area of the River claims was an airborne magnetometer survey completed in 2003 by Ditem Explorations Ltd (Brack 2005) over a large area, including the present River Property. 7.0 GEOLOGICAL SETTING The River property is located within the Achaean age (2.7 to 2.9 Ga), Superior Craton of the Canadian Shield. Regional geological mapping of the area was published in 1984 (Hocq 1985 - see figure 2). The main lithologies in the area are foliated granite and granite gneiss. The metamorphic grade is mainly amphibolites facies. The predominant direction of foliation is north-northeast. Metavolcanic and metasedimentary rocks of the Eastmain greenstone belt occur 10 4 FIGURE 2 MAP SHOWING THE REGIONAL GEOLOGY] km north of the property. And 20 km to the southeast of the property are outcrops the Proterozoic age sediments of the Otish Basin. Proterozoic dykes, typically a few tens of meters wide and composed of diabase, crosscut all lithologies. Large tract in the area are mantled with quaternary age glacial sediments. Glacial movement in the area, as indicated by eskers and striae, is NNE to SSW. 5 FIG 2 GEOLOGY LEGEND ARCHEAN -SUPERIOR PROVINCE S9 Granitic rocks, generally foliated S8A Granitic rock, pink color, gneissic -contains locally gneiss and migmatite Mixed gneiss, gneissic migmatite S8D Quartzo-feldspatic gneiss Metasediments S4 Greywacke, pebble conglomerate, arkose often gneissic , massive quartzite Metavolcanics, intermadiate, mafic and ultramafic S2 Volcano clastic rocks, amphibolite facies, layered amphibolite (amphibolite tuff), green schist 8.0 DEPOSIT TYPES No economic mineral deposits have been defined on the property to date. The property has potential for diamantiferous kimberlitic intrusions. In general diamantiferous kimberlite intrusions or pipes are found in the thickest parts of old Archean Cratons and the intrusions arise along deep seated structures. A lithosphere crust of at least 150-200 km thick is required to ensure fertile conditions for the formation and preservation of diamonds. The Otish Mountains are an area of thick Archean crust and therefore favourable for diamantiferous kimberlites. (Moorehead, 1999, 2000). These conditions have now amply been demonstrated by the discovery of several diamantiferous kimberlites in the area surrounding the claims since 2001. 9.0 MINERALIZATION There is no known mineralization on the property. The Otish mountain area in Central Quebec has been the focus of diamond exploration in Canada since 1996. The first kimberlite occurrence discovered in the Otish Mountains was the fortuitous consequence of a 1975 drilling program for uranium at Lac Beaver, and was first recognized to contain diamonds in 1998. This kimberlite pipe however was found to be too lean for further development. 6 Nevertheless this first find spurred till sampling surveys over large areas in the Otish Mountains by several companies. This resulted in a total of at least 24 kimberlite finds in 5 separate areas: * Foxtrot Property: 9 pipes and 4 dykes, all diamantiferous. Several pipes have been bulk sampled with encouraging diamond contents first published in 2005 (Ashton Mining of Canada Ltd. News releases) * Portage : 1 dyke in the area of Foxtrot found in 2005 ( Majescor Resources News Releases) * Lac Beaver: 2 pipes, diamantiferous but low grade. 120 km SSW of Foxtrot * Tichegami: 4 pipes, 20 km NE of Lac Beaver (Ditem Explorations Inc - News Releases) * Dios: 4 pipes and dykes south of Beaver Lake An analysis of the exploration activity since 1996 shows that the principal exploration tools used were regional, widely spaced (like 500m by 2000 m spacing), till sampling for diamond and kimberlite indicator minerals and detailed (often 75-100 meter spaced lines) aeromagnetic surveys. Typically aeromagnetic anomalies within areas with anomalous indicator minerals were then tested with drilling. One or both techniques found all the above kimberlite pipes except the first one at Lac Beaver. It is also clear from Canada's diamond exploration history that this exploration technique misses many kimberlite pipes because many kimberlite pipes are not expressed in till sample results and many kimberlite pipes do not have a recognizable magnetic signature. Another shortcoming with these techniques is that usually a very large a number of magnetic anomalies is generated, too many for drill testing. Of importance to note is that although prospecting for kimberlite has not been done much in the Otish area and though none of the Otish kimberlite pipes was discovered that way, at least 4 of the pipes (at Foxtrot and by Dios) have outcrop and several more have boulder trains of kimberlite. Clearly prospecting could have located these pipes. The caveat is that the area is too large for prospecting. Prospecting could only be rewarding if one could geographically narrow the areas with a high probability of containing kimberlite pipes. Prospecting success has many advantages especially for junior exploration companies. Prospecting will broaden the spectrum of findable kimberlite pipes to include those that have no magnetic signature and/or have no expression in till samples. A prospecting discovery also has the advantage of greatly shortening the exploration time of a discovery. Outcrops can be immediately sampled and meaningfully tested for diamond content in a short span of time. 7 FIGURE 3 [MAP SHOWING AREA TARGETS FOR KIMBERLITE PROSPECTING] A targeting technique for locating prospective areas for kimberlites, sufficiently small to make prospecting feasible, was developed by the author based on the well known fact that kimberlite pipes are more erosion-prone than 8 most other rock types found in Canada's glacially eroded landscape and consequently are often found in small depressions under lakes and ponds. The technique was "tested" on known kimberlite clusters in the Otish area and singled out most of these areas as "anomalies". For reasons of confidentiality, the elements and parameters used are not fully described here: Briefly a systematic and normalized count was done over large geographic areas of all small lakes. Several adjustment factors were added to take into account erosional features unrelated to bedrock geology and a factor was added to take local geology into account. A total of 5 map sheets (approximately 5000 km2) were examined. This includes the Renard, Tichegami and Beaver lake kimberlite clusters. A clear anomaly was found over the Beaver Lake and Renard kimberlite clusters. Of immediate importance is that a few other areas with very anomalous results were noted and are situated all within 50 km of the known kimberlite pipes. The River claims cover a portion of one such area. Adjusted counts of small lakes for the area of the River claims are illustrated in Figure 3. The area of the River property is highly anomalous. Recent advances in geochemistry, especially MMI (Mobile Metal Ions) techniques have the capacity to outline kimberlite bodies that are fully or in part covered by overburden (Fedikow, 2005). This sampling technique would be appropriate to test the presence of kimberlite in overburden covered aeromagnetic anomalies, or to test up-ice of kimberlite boulder trains. This technique will be faster and less expensive than heavy mineral sampling techniques widely used for reconnaissance and more detailed exploration. 10.0 EXPLORATION No exploration has been done by Jasper Ventures on the property. . 11.0 DRILLING There is no record of any drilling on this property 12.0 SAMPLING METHOD AND APPROACH There is no record of any sampling on the property 13.0 SAMPLE PREPARATION, ANALYSIS AND SECURITY There is no record of any sampling on the property 9 14.0 DATA VERIFICATION There is no record of any sampling on the property 15.0 ADJACENT PROPERTIES No specific information about adjacent properties is given in this report 16.0 MINERAL PROCESSING AND METALLURGICAL TESTING There is no mention or record of any mineral processing or metallurgical testing on samples from the property. 17.0 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATE No mineral resources or mineral reserves have been located on the property. . 18.0 OTHER RELEVANT DATA AND INFORMATION All available and relevant technical reports and data relating to the River Property have been reviewed by the author and the parts relevant to the evaluation of the River Property and the recommendations in this report have been used to compose this report. The author is not aware of any information not used for this report the omission of which could make this report erroneous or misleading. 19.0 INTERPRETATION AND CONCLUSIONS 1. The River property is located in the Otish Mountains diamond camp. 2. The River property is located 10 km northwest of the Tichegamie kimberlite cluster. 3. Detailed aeromagnetic coverage of the area is available in public files from previous explorers 4. The presence of anomalously high counts of small lakes makes this 10 km2 property prospective for the presence of kimberlite pipes. 10 20.0 RECOMMENDATIONS Exploration for diamantiferous kimberlites is recommended on the River property. Exploration should proceed according to the following business plan: Phase 1 Data Evaluation and Prospecting Aeromagnetic data for the claim area should be researched for anomalies potentially caused by kimberlite. Priority areas for prospecting will be any such aeromagnetic anomalies . A team of 2 prospectors can systematically cover the area to prospect for kimberlite rocks in float or in outcrop in 10 to 15 days. Any kimberlite rock found will be sampled and analyzed for diamonds and diamond indicator minerals. Phase 2 Geochemical sampling: All aeromagnetic kimberlite targets found will be prospected in detail and systematic soil sampling will be done along lines spaced no more than 100 m apart and with samples at 50 or 25 meter intervals. Aeromagnetic targets totally covered by overburden should also be sampled. Sampling methods should follow the MMI protocol and samples need to be analyzed at a specialized MMI laboratory. Positive results will be the outline of kimberlite bodies, through indicator element signatures. Total duration of the field campaign depends on the number of targets present. Duration will be 1 to 2 days per target for a 2 person prospecting-sampling crew. Processing of samples during summer can be up to 6 weeks Phase 3 Drilling: Positive targets will need to be drill tested, The amount of drilling will depend on the success of phase 1 and 2. 11 TABLE 2 BUDGET PHASE 1 PROSPECTING AND RESEARCH C $ US $ ---------------------------------- ----- ----- Mobilization anf travel cost to Chibougamau 2,500 2,375 Prospector 8 days @ $375/day 2,800 2,660 Assisstant 8 days @ $275/day 2,200 2,090 Camping equipment and food 2,500 2,375 Floatplane rental 6,000 5,700 Organization planning and aeromagnetic research 4,000 3,800 ------ ------ TOTAL 20,000 19,000 PHASE 2 GEOCHEMICAL SAMPLING Mobilization anf travel cost to Chibougamau 2,500 2,375 Technician 15 days @ $400/day 6,000 5,700 Assisstant 15 days @ $275/day 4,125 3,919 Camping equipment and food 2,500 2,375 Floatplane rental 6,000 5,700 Sampling equipment 600 570 MIM analysis 250 samples @ C$35 8,750 8,313 Sample shipping 500 475 Drafting Interpretation and report 8,000 7,600 Assessment fees 2,000 1,900 Organization planning and aeromagnetic research 3,000 2,850 TOTAL 43,975 41,776 ------ ------ OVERALL TOTAL 60,776 ====== 12 21.0 REFERENCES AND LITERATURE 2001-7 Ashton Mining of News Releases at www.sedar.com Canada Inc. 2005 Brack, W Assessment Report on the Tichegamie River and Beaver Lake Projects, Rock sampling, Diamond drilling, Aeromagnetic Survey, Report for Ditem Explorations Inc. GM 61522 2003 Chapman, I Assessment Report on the Tichegamie River and Beaver Lake Projects , Rock sampling, Diamond drilling Report for Ditem Explorations Inc. GM 60515 2002-5 Ditem 2002 News Releases at www.sedar.com Explorations Inc. 2006 Fedikow, M MMI-D Signature of C14 Kimberlite Pipe, Clifford Township, Kirkland Lkae, Canada - Power point Presenation for Mount Royal Res. Ltd 1985 Hocq, M Geologie de la Region des Lacs Campan et Cadieux, Territoire-du -Nouveau-Quebec: Geological map 1/100,000, Querpub, Publication de Mines, Energy et Ressources naturelles, Quebec 2005 Majescor News Releases at www.sedar.com Explorations Ltd 2000 Moorehead e.a. Kimberlites et Diamants dans le Nord du Quebec PRO 2000-05 1999 Moorehead e.a. Kimberlites, Lineaments and Crustal Rifts in Quebec, Ministere des Ressources Naturelles Quebec MB 99-35 13 22.0 DATE AND SIGNATURE PAGE This report titled "Technical Report on the River Property" and dated November 2nd , 2007 was prepared and signed by the following author /s/ "Andre M Pauwels" ------------------------------ Dated at Vancouver, British Columbia November 2nd, 2007 14 23.0 CERTIFICATE OF QUALIFIED PERSON CERTIFICATE OF QUALIFICATIONS Andre M. Pauwels P.Geo Consulting Geologist 4900 Mariposa Court Richmond BC 604 240 8560 I, Andre M. Pauwels, P. Geo., do hereby certify that: 1. I am a Consulting Geologist and have an office at my residence at 4900, Mariposa Court in Richmond B.C., V7C 2J9, Canada and serve as a director of Dundarave Resources Inc. and Goldworld Resources Ltd.. Both companies are listed on the TSX Venture Exchange and unrelated to JASPER VENTURES INC., 2. I graduated in 1970, from the State University of Ghent, Belgium with a B.Sc. Science, Geology. 3. I am a Professional Geoscientist, member of the Association of Professional Engineers and Geoscientist of British Columbia, registration number 20157, and in good standing since 1993 4. I have practised Mineral Exploration continuously since September 1970 as a staff geologist for Union Miniere Explorations, Canada from 1970 to 1980, as a Senior Geologist for Bethlehem Copper Corp. in 1981,as a Senior Geologist, later Exploration Manager, for Cominco Ltd from 1981 to 2001 and as an independant consultant since 2001 . I acquired experience in exploring for porphyry copper, gold, lead-zinc, uranium and diamond deposits and practiced my profession in Canada, USA, Chile, Argentina, Peru, Ecuador, Guyana, Suriname, Brazil, Thailand, Morocco, Saudi Arabia, Iran, Vanuatu and Indonesia. 5. I am responsible for the preparation of all sections of the Report entitled "Technical Report - River Claims" and dated November 2, 2007, relating to the River Property. 6. I have had no prior involvement with the River Property that is the subject of the Report. 7. I am not aware of any material fact or material change, with respect to the subject matter of the Report, which is not reflected in the report, and of which the omission to disclose would make this Report misleading. 8. I am independent of JASPER VENTURES INC., 9. I consent to the filing of this Report with any stock exchange or other regulatory authority and any publication by them for regulatory purposes, including electronic publication in public company files on their websites accessible by the public, of the Report. Vancouver, BC Dated this 2nd Day of November, 2007. SIGNED /s/ "Andre M Pauwels" -------------------------------- Andre M Pauwels 15