Duvay/Chenier project

Highlights of the Initial NI 43-101 on the Duvay/Chenier Project

• There are numerous historical mineralized showings reported from the Quebec government within the Property, these are titled the Duvay Zone Principal, Duvay Zone de la Fosse, Bacola, Grenadier Oeste, Grenadier, Cresus-Silverny, Villeneuve, Villeneuve VD-10, Norval, Cossette-Monpas Shear, Peter Brown, East Mac (N), and the East Mac (SE).
• Over 500 historical drill holes were reported on the entire project; mostly concentrated in the Duvay Zone Principal.
• Multiple bulk samples have been reported from the Duvay Zone Principal, including the three largest between 1000 and 1200 tonnes apiece, completed in 1986 by a previous property holder. These three largest bulk samples were reportedly processed to try and achieve representative sub-samples. Nine such sub-samples were analyzed by fire assay, yielding an average of 5.68 grams per tonne gold, according to reports filed with the Quebec government in 1988. The reported range of fire assay results was between 0.60 and 30.00 g/t gold. Secova cannot verify these historical results beyond what is reported in the contemporaneous assessment reports filed with the Quebec government, except to note that large pits consistent with the reported bulk samples exist on site today.
• In 1990, A 40,000 tonne bulk sample was extracted from the Duvay Zone de la Fosse and processed by heap leach methods, as reported in the Northern Miner of that year. The Northern Miner (1990) reported that Sphinx poured its first doré bar containing 300 oz gold and 200 oz silver from the heap leach project and a second pour was anticipated soon when their staff visited the site in early September 1990. Further information is not available, and Secova cannot verify the results.